<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
<TABLE>
<CAPTION>
<S> <C>
Report for the Calendar Year or Quarter Ended: SEPTEMBER 30, 2000
Check here if Amendment [ ]; Amendment Number: ___________
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: CITADEL LIMITED PARTNERSHIP
Address: 225 WEST WASHINGTON
9/TH/ FLOOR
CHICAGO, IL 60606
13F File Number: 28-5912
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: GERALD A. BEESON
Title: DIRECTOR OF FINANCE AND ACCOUNTING
Phone: (312) 696-2121
Signature, Place, and Date of Signing:
CHICAGO, ILLINOIS 10/18/00
______________________________________ ----------------- --------
[Signature] [City, State] [Date]
</TABLE>
Report Type (Check only one.):
[X ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and
all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 848
Form 13F Information Table Value Total: $9,355,224 (thousands)
List of Other Included Managers:
NONE
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 1 of 61 Name of Reporting Manager Citadel Limited Partnership
- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AAPL 15.00 STRIKE PUT 01/2 Opt (P) 037833100 265,625 5,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AAPL 17.50 STRIKE PUT 01/2 Opt (P) 037833100 412,500 4,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AAPL 37.50 STRIKE PUT 01/2 Opt (P) 037833100 772,500 600 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AAPL 40.0 STRIKE PUT 01/20 Opt (P) 037833100 3,000,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AAPL 42.50 STRIKE PUT 01/2 Opt (P) 037833100 1,725,000 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ABBOTT LABS Cmn 2824100 2,263,975 47,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ACE LTD 8.25% Pfd 4408209 1,842,861 22,600 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ACTUANT CORPORATION Cmn 00508X104 5,906,250 1,500,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ACXIOM (OLD MAY & SPEH) 5. CB 577777AA3 10,351,463 6,380 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ADC TELECOMMUNICATIONS Cmn 886101 493,201 18,341 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ADELPHIA BUSINESS SOLUTION Cmn 6847107 4,794,694 405,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ADI 70.0 STRIKE PUT 01/19/ Opt (P) 032654105 1,275,000 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ADOLPH COORS COMPANY Cmn 217016104 1,762,931 27,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ADVANCED ENERGY 5.25% CB CB 007973AA8 430,964 475 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ADVANCED MICRO DEVICES Cmn 7903107 3,642,975 154,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 38,939,939
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 2 of 61 Name of Reporting Manager Citadel Limited Partnership
- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ADVANTICA RESTAURANT GRP Cmn 00758B109 152,534 256,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AEP INDUSTRIES INC Cmn 1031103 770,381 22,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AES CORP. 5.5% CV PFD Pfd 1034305 7,451,760 61,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AES CORPORATION 9.375% CB 00104CAA6 502,500 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AGILENT TECHNOLOGIES INC Cmn 00846U101 1,054,946 21,557 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ALBERTO CULVER CO Cmn 13068101 221,856 7,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ALBERTSONS INC Cmn 13104104 2,310,000 110,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ALGOMA STL LTD Cmn 01566M105 497,125 795,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ALKERMES 3.75% CB CB 01642TAB4 14,767,876 19,750 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ALLEGHENY ENERGY INC Cmn 17361106 885,950 23,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ALLERGAN INC Cmn 18490102 3,774,356 44,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ALLIANCE CAPITAL MGMT Cmn 01855A101 796,988 15,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ALLIED RISER COMMUNICATION CB 019496AA6 1,200,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ALLIED WASTE 7.875% SR. CB 01958XAM9 4,895,000 5,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 39,281,272
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 3 of 61 Name of Reporting Manager Citadel Limited Partnership
- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ALLIED WASTE INDS INC Cmn 19589308 1,711,631 186,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ALTERA CORP Cmn 21441100 4,830,247 101,157 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ALTR 35.0 STRIKE PUT 01/20 Opt (P) 21441100 231,250 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ALTR 40.0 STRIKE PUT 01/19 Opt (P) 21441100 1,012,500 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ALTR 42.5 STRIKE PUT 01/19 Opt (P) 21441100 1,150,000 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AMAT 60.0 STRIKE PUT 01/19 Opt (P) 038222105 773,500 520 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AMBAC FINANCIAL GROUP Cmn 23139108 871,675 11,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AMD 15.0 STRIKE PUT 01/20/ Opt (P) 007903107 231,250 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AMD 25.0 STRIKE PUT 01/19/ Opt (P) 007903107 2,418,750 3,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AMDOCS TRACES 6.75% Pfd 02342R202 12,383,000 232,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AMER CLASSIC VOYAGES 7% Pfd 1648203 644,891 20,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AMER SKIING CO Cmn 29654308 356,563 163,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AMERADA HESS CORP Cmn 23551104 5,462,100 81,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AMERICAN EXPRESS CO Cmn 25816109 1,038,825 17,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 33,116,182
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 4 of 61 Name of Reporting Manager Citadel Limited Partnership
- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AMERICAN GREETINGS CORP Cmn 26375105 763,000 43,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AMERICAN HOME PRODUCTS Cmn 26609107 3,557,781 62,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AMERICAN INTL GROUP INC Cmn 26874107 282,278 2,950 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AMERICAN PWR CNVRSION Cmn 29066107 2,032,705 105,939 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AMERICAN TOWER 2.25% OID CB 029912AD4 163,013,009 135,945 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AMERITRADE 5.75% CB CB 03072HAB5 20,713,901 28,440 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AMES DEPARTMENT STORES Cmn 30789507 1,728,016 298,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AMES DEPT STORES INC 10% CB 030789AM3 1,960,000 4,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AMKOR TECHNOLOGY, INC Cmn 31652100 1,875,775 71,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AMPHENOL CORP Cmn 32095101 2,362,906 41,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AMR CORPORATION Cmn 1765106 300,725 9,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AMT 30.000 STRIKE CALL 01 Opt (Call) 029912201 387,500 400 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AMT 30.000 STRIKE CALL 01 Opt (Call) 029912201 442,500 300 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AMT 30.000 STRIKE PUT 01 Opt (Put) 029912201 493,750 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 199,913,846
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
-------------------------
FORM 13F (SEC USE ONLY)
Page 5 of 61 Name of Reporting Manager Citadel Limited Partnership
- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
----------------------- -------------------------
Managers (a) (b) (c)
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) See Instr. Sole Shared None
Class Number Value Principal Sole As Defined Shared- V
Amount in Instr. V Other
------------------------------------- ----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AMT 40.000 STRIKE CALL 01/ Opt (Call) 029912201 251,250 600 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AMTD 10.000 STRIKE PUT 01/ Opt (Put) 03072H109 1,303,750 7,450 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AMTD 15.0 STRIKE PUT 01/19 Opt (Put) 03072H109 418,750 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AMTD 16.625 STRIKE PUT 01/ Opt (Put) 03072H109 919,125 3,420 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AMTD 20.0 STRIKE PUT 01/19 Opt (Put) 03072H109 737,500 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AMZN 25.000 STRIKE PUT 01/ Opt (Put) 023135106 1,075,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AMZN 30.0 STRIKE PUT 01/19 Opt (Put) 023135106 3,100,000 4,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AMZN 40.0 STRIKE PUT 01/19 Opt (Put) 023135106 2,687,500 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AMZN 45 STRIKE PUT 04/21/2 Opt (Put) 023135106 1,306,250 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AMZN 45.0 STRIKE CALL 04/2 Opt (Call) 023135106 393,750 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AMZN 45.0 STRIKE PUT 01/19 Opt (Put) 023135106 4,109,375 2,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AMZN 50.00 STRIKE PUT 01/2 Opt (Put) 023135106 4,764,375 3,300 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AMZN 55.000 STRIKE PUT 01/ Opt (Put) 023135106 5,290,313 2,850 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AMZN 60.0 STRIKE CALL 04/2 Opt (Call) 023135106 443,750 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 26,800,688
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
-------------------------
FORM 13F (SEC USE ONLY)
Page 6 of 61 Name of Reporting Manager Citadel Limited Partnership
- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Managers (a) (b) (c)
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) See Sole Shared None
Class Number Value Principal Sole As Defined Shared- Instr. V
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AMZN 70.000 STRIKE PUT 01/ Opt (Put) 023135106 3,187,500 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AMZN 75.000 STRIKE PUT 01/ Opt (Put) 023135106 1,831,250 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ANALOG DEVICES INC Cmn 32654105 22,523,050 272,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ANC RENT CORP Cmn 1813104 68,638 11,937 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ANDREW CORP Cmn 34425108 213,428 8,150 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ANIXTER INTERNATIONAL INC Cmn 35290105 958,213 32,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ANNTAYLOR STORES CORP Cmn 36115103 722,625 18,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ANTEC CORP 4.5% CB DUE CB 03664PAB1 17,388,552 13,250 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AOL 0% CB CB 02364JAC8 293,037,362 575,750 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AOL 45.0 STRIKE PUT 01/20/ Opt (Put) 02364J104 335,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AOL 45.000 STRIKE PUT 01/1 Opt (Put) 02364J104 520,000 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AOL 50.0 STRIKE PUT 01/19/ Opt (Put) 02364J104 4,230,000 6,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AOL 52.500 STRIKE PUT 01/2 Opt (Put) 02364J104 1,245,000 3,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AOL 55.0 STRIKE PUT 01/19/ Opt (Put) 02364J104 1,870,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 348,130,617
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 7 of 61 Name of Reporting Manager Citadel Limited Partnership
- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AOL 55.000 STRIKE PUT 01/2 Opt (Put) 02364J104 540,000 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AOL 57.5000 STRIKE PUT 01/ Opt (Put) 02364J104 1,360,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AOL 70.00 STRIKE PUT 01/20 Opt (Put) 02364J104 4,950,000 3,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AOL 75.000 STRIKE PUT 01/2 Opt (Put) 02364J104 424,000 200 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AON CORP Cmn 37389103 2,107,725 53,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
APACHE CORP Cmn 37411105 1,625,938 27,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
APGR 9.03 STRIKE 09/01/200 Wt 39392113 70,313 112,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
APPLE COMPUTER INC Cmn 37833100 10,135,071 393,595 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
APPLIED MATERIAL Cmn 38222105 4,180,345 70,480 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
APRIA HEALTHCARE GROUP Cmn 37933108 1,644,625 118,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ARCH WIRELESS INC Cmn 39392105 1,980,750 396,150 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ARMSTRONG HOLDINGS INC Cmn 42384107 3,432,031 287,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ARTESYN TECHNOLOGIES INC Cmn 43127109 920,670 31,611 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ASHLAND INC Cmn 44204105 879,244 26,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 34,250,712
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 8 of 61 Name of Reporting Manager Citadel Limited Partnership
- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ASPECT TELECOM INC 0% CB CB 045237AB0 264,375 900 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ASPECT TELECOM INC 0% CB CB 045237AE4 7,575,813 25,790 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ASPEN TECH. 5.25.% CB CB 045327AB9 47,950,099 46,026 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AT HOME CORP Cmn 45919107 628,563 44,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AT&T CANADA INC -CL B Cmn 00207Q202 14,640,000 480,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AT&T Cmn 1957109 12,858,172 437,725 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AT&T CORP 6.25% Pfd 58440J401 32,379,366 388,300 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ATHM 20.000 STRIKE PUT 01 Opt (Put) 045919107 328,125 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ATLAS AIR INC Cmn 49164106 1,039,350 24,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ATMEL CORP 0% CB CB 049513AB0 4,191,900 4,710 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ATML CORP 0% CB CB 049513AC8 136,184,240 153,016 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ATWOOD OCEANICS Cmn 50095108 633,650 15,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AUTONATION INC Cmn 05329W102 633,000 105,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AVERY DENNISON CORP Cmn 53611109 3,301,900 71,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 262,608,552
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 9 of 61 Name of Reporting Manager Citadel Limited Partnership
- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AVIS GROUP HOLDINGS INC Cmn 53790101 367,350 12,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AVISTA CORP Cmn 05379B107 596,250 26,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AWE 35.0 STRIKE PUT 10/21/ Opt(Put) 001957406 2,837,500 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AXA 87.000 STRIKE PUT 10/1 Opt(Put) 2451102 2,789,063 1,250 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AXA 91.000 STRIKE PUT 10/1 Opt(Put) 2451102 3,841,625 1,460 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AXA FINANCIAL Cmn 2451102 30,924,156 607,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AXA SPONS ADR Cmn 54536107 6,902,156 106,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BALL CORP Cmn 58498106 202,800 6,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BANK OF NEW YORK Cmn 64057102 6,026,719 107,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BANKAMERICA CORP Cmn 60505104 544,700 10,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BARD C R INC Cmn 67383109 1,470,300 34,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BARR LABORATORIES INC Cmn 68306109 2,188,313 33,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BARRICK GOLD CORP Cmn 67901108 762,500 50,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BAXTER INTL INC Cmn 71813109 8,771,394 109,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 68,224,825
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 10 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BE AEROSPACE INC Cmn 73302101 4,239,263 262,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BEAR STEARNS COMPANIES INC Cmn 73902108 4,548,600 72,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BEAS 60.0 STRIKE PUT 03/17 Opt(Put) 073325102 1,912,500 3,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
BEAS SYSTEMS 4% CB DUE 12/ CB 073325AD4 240,835,283 102,100 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
BECKMAN COULTER INC Cmn 75811109 339,350 4,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BECTON DICKINSON & CO Cmn 75887109 1,395,900 52,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BEMIS INC Cmn 81437105 700,325 21,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BERGEN BRUNSWIG CORP Cmn 83739102 494,381 42,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BEYOND.COM 10.875% CB CB 08860EAB7 5,071,500 20,700 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
BIOVAIL CORPORATION 6.75% Pfd 09067J208 21,545,657 289,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
BJ SERVICES CO Cmn 55482103 4,242,075 69,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BLACK BOX CORP Cmn 91826107 773,975 16,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BLOCK H & R INC Cmn 93671105 2,683,325 72,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BMC SOFTWARE INC Cmn 55921100 208,730 10,914 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 288,990,864
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
---------------------------------
(SEC USE ONLY)
FORM 13F
Page 11 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Investment Voting Authority
Item 1: Item 2: Item 3: Item 4: Item 5: Discretion Item 7: (Shares)
------------------------ ------------------
Name of Issuer Title of Class CUSIP Fair Maket Shares of (b) Shared (c) Managers (a) (b) (c)
Number Value Principal (a) As Defined Shared- See Instr. V Sole Shared None
Amount Sole in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BOSTON SCIENTIFIC CORP Cmn 101137107 1,152,269 70,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BOWATER, INC. Cmn 102183100 1,648,531 35,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BRIGGS & STRATTON CORP Cmn 109043109 839,438 22,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BRIGHTPOINT 0% OID CB 109473AC2 335,000 1,340 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
BRINKER INTL INC Cmn 109641100 1,650,850 54,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BROWN-FORMAN -CL B Cmn 115637209 394,200 7,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BRUNSWICK CORP Cmn 117043109 644,225 35,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BUDGET GROUP Cmn 119003101 775,775 200,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BURLINGTON RES INC Cmn 122014103 2,488,525 67,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BVF 25.0 STRIKE CALL 10/2 Opt (Call) 09067J109 472,500 150 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
C 45.0 STRIKE PUT 01/19/20 Opt (Put) 172967101 465,500 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
C 45.000 STRIKE PUT 01/19 Opt (Put) 172967101 687,500 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CABLEVISION SYSTEMS -CL A Cmn 12686C109 2,122,000 32,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CABOT CORP Cmn 127055101 10,783,256 340,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 24,459,569
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
---------------------------------
(SEC USE ONLY)
FORM 13F
Page 12 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Investment Voting Authority
Item 1: Item 2: Item 3: Item 4: Item 5: Discretion Item 7: (Shares)
------------------------ ------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (b) Shared (c) Managers
Class Number Value Principal (a) As Defined Shared- See Instr. V (a) (b) (c)
Amount Sole in Instr. V Other Sole Shared None
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CALPINE 5.5% MIPS DUE 2/1/ Pfd 13134E309 22,656,125 211,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CAMPBELL SOUP CO Cmn 134429109 1,637,888 63,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CANADIAN PAC LTD NEW Cmn 135923100 1,562,600 60,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CARDINAL HEALTH, INC. Cmn 14149Y108 7,381,294 83,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CAREMARK RX INC Cmn 141705103 562,500 50,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CARLISLE COS INC Cmn 142339100 597,600 14,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CARNIVAL CORP Cmn 143658102 253,638 10,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CATALINA MARKETING CORP Cmn 148867104 1,113,700 29,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CATELLUS DEVELOPMENT Cmn 149111106 435,750 24,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CATERPILLAR INC Cmn 149123101 8,764,875 259,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CELESTICA 0% CB CB 15101QAA6 61,316,250 124,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CENDANT CORP Cmn 151313103 594,863 54,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CENDANT CORP RIGHTS Cmn 151313111 195,900 30,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CENTENNIAL COMMUNICATIONS Cmn 15133V208 5,007,288 227,604 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 112,080,269
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
-----------------------------
(SEC USE ONLY)
FORM 13F
Page 13 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
-------------------------- -----------------------------
Name of Issuer Title CUSIP Fair Shares of (a) (b) Shared (c) Managers
of Number Maket Principal Sole As Defined Shared- See Instr. (a) Sole (b) Shared (c) None
Class Value Amount in Instr. V Other V
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CENTEX CORP Cmn 152312104 1,262,513 39,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CENTURYTEL INC Cmn 156700106 299,750 11,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CERIDIAN CORP. Cmn 15677T106 735,238 26,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CG 55.000 STRIKE
CALL 11/1 Opt (Call) 197648108 249,375 150 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CHECKPOINT SYSTEMS
5.25% CB 162825103 600,000 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CHEVRON Cmn 166751107 17,032,950 199,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CHIRON CORP Cmn 170040109 1,972,935 43,843 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CHUBB CORP. Cmn 171232101 3,964,163 50,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CIGNA CORP. Cmn 125509109 271,440 2,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CINCINNATI FINANCIAL Cmn 172062101 940,750 26,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CINERGY CORP Cmn 172474108 1,858,113 56,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CIRCUIT CITY STORES
INC Cmn 172737108 1,018,900 44,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CISCO SYS INC Cmn 17275R102 2,642,939 47,836 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CITIGROUP INC. Cmn 172967101 11,241,360 207,933 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 44,090,424
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
-----------------------------
(SEC USE ONLY)
FORM 13F
Page 14 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
-------------------------- -----------------------------
Name of Issuer Title CUSIP Fair Shares of (a) (b) Shared (c) Managers
of Number Maket Principal Sole As Defined Shared- See Instr. (a) Sole (b) Shared (c) None
Class Value Amount in Instr. V Other V ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CITRIX SYS % CB CB 177376AB6 97,824,486 260,914 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
CITRIX SYS INC 0% CB 177376AA8 2,654,504 7,080 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CITY NATIONAL CORP Cmn 178566105 1,062,188 27,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CKE RESTAURANTS INC
9.125% CB 12561EAE5 4,095,000 6,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CKE RESTAURANTS INC Cmn 12561E105 519,706 169,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CLAIRES STORES INC Cmn 179584107 466,200 25,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CLEAR CHANNEL
COMMUNICATIONS Cmn 184502102 17,943,948 317,592 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CLEARNET COMM WT Wt 184902112 1,899,600 60,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CLS 55.0 STRIKE
PUT 03/17 Opt (Put) 15101Q108 285,938 750 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CLS 65.0 STRIKE
PUT 03/17/ Opt (Put) 15101Q108 1,525,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CMGI 15.0 STRIKE
PUT 01/19 Opt (Put) 125750109 891,250 3,100 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CMGI 20.000 STRIKE
PUT 01/ Opt (Put) 125750109 1,178,750 2,300 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CMGI 25.000 STRIKE
PUT 01/ Opt (Put) 125750109 2,287,688 2,905 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CMGI 30.0 STRIKE
PUT 01/18 Opt (Put) 125750109 1,484,700 1,212 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 134,118,957
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 15 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
----------------------- -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. Sole Shared None
Amount in Instr. Other V
V
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CMGI 30.000 STRIKE PUT 01/ Opt (Put) 125750109 761,250 700 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CMGI 35.0 STRIKE PUT 10/21 Opt (Put) 125750109 393,750 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CMOS 55.0 STRIKE PUT 02/17 Opt (Put) 225302108 650,000 250 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CMS 17.500 STRIKE CALL 12/ Opt (Call) 125896100 240,625 250 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CMS ENERGY 7% DEBT Pfd 125896605 13,744,500 539,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CMVT 80.000 STRIKE PUT 04/ Opt (Put) 205862402 209,375 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CNET NETWORKS INC. 5.00% CB 125945AA3 751,161 860 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CNET NETWORKS INC. 5.00% CB 125945AC9 19,119,602 21,890 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CNF TRANSPORTATION Cmn 12612W104 2,000,275 89,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COASTAL CORP Cmn 190441105 53,896,288 727,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COASTAL CORP 6.625% Pfd 190441865 1,920,188 46,200 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COHERENT INC Cmn 192479103 865,096 12,722 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLGATE PALMOLIVE CO Cmn 194162103 3,771,280 79,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMBIA ENERGY GROUP Cmn 197648108 157,967,900 2,224,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 256,291,289
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 16 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
----------------------- -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. Sole Shared None
Amount in Instr. Other V
V
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMDISCO INC Cmn 200336105 5,783,563 303,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COMERICA INC Cmn 200340107 4,230,875 72,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COMPUTER ASSOCIATE INTL Cmn 204912109 8,664,500 344,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COMPUWARE CORP Cmn 205638109 1,320,235 157,640 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COMVERSE TECH 4.5% CB CB 205862AF2 804,921 160 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COMVERSE TECH 4.5% CB CB 205862AG0 22,114,625 4,390 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CONAGRA FOODS INC Cmn 205887102 2,253,019 112,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CONEXANT SYSTEMS 4.25% CB CB 207142AA8 4,152,635 2,170 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CONEXANT SYSTEMS 4.25% CB CB 207142AB6 93,749,714 48,990 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CONSECO INC 6.8% 6/15/05 CB 20846NAB1 1,920,000 3,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CONSECO INC. Cmn 208464107 602,375 79,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CONSECO, INC. 8.796% 04/01 CB 20846JAA2 1,365,000 3,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CONSECO, INC. 9% 10/15/00 CB 208464AR8 3,685,000 5,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COOPER TIRE & RUBR CO Cmn 216831107 342,125 34,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 150,988,586
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
-------------------------------
(SEC USE ONLY)
FORM 13F
Page 17 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
-------------------------- ---------------------------
Name of Issuer Title CUSIP Fair Shares of (b) Shared Managers
of Number Maket Principal (a) As (c) See Instr.v (a) Sole (b) Shared (c) None
Class Value Amount Sole Defined Shared-
in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COR THERAPEUTICS
5% CB CB 217753AD4 52,261,405 26,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CORNING INC Cmn 219350105 8,137,800 27,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COUNTRYWIDE CREDIT IND Cmn 222372104 2,616,075 69,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COVAD COMMUNICATIONS
12% CB CB 222814AM7 1,620,000 2,160 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COVAD COMMUNICATIONS
GROUP Cmn 222814204 1,942,050 145,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COVAD COMMUNICATIONS
GRP CB 222814AN5 5,107,342 5,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COX COMMS 7% FELINE
PRIDES Pfd 224044305 1,009,625 20,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COX COMMUNICATIONS
7.75% Pfd 224044503 140,381,709 1,926,600 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COX EXCHG 0.4259%
INTO PCS CB 224044AX5 60,906,860 145,400 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CREDENCE SYSTEMS
CORP Cmn 225302108 580,740 19,358 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CROMPTON CORP Cmn 227116100 522,113 66,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CROWN CASTLE INTL 7% Pfd 24366F203 6,835,500 248,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CROWN CORK & SEAL INC Cmn 228255105 433,913 40,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CRUS 25.0 STRIKE PUT
01/19 Opt (Put) 172755100 313,438 850 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 282,668,568
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------------
(SEC USE ONLY)
Page 18 of 61 FORM 13F
-- -- Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
--------------------------- ---------------------------
Name of Issuer Title CUSIP Fair Shares of (b) Shared Managers
of Number Maket Principal (a) As (c) See Instr.v (a) Sole (b) Shared (c) None
Class Value Amount Sole Defined Shared-
in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CSCO 42.5 STRIKE PUT
01/19 Opt (Put) 17275R102 1,100,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CSCO 50.0 STRIKE PUT
01/20 Opt (Put) 17275R102 912,500 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CSCO 55.000 STRIKE
PUT 01/ Opt (Put) 17275R102 656,250 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CSCO 60.000 STRIKE
PUT 01/ Opt (Put) 17275R102 918,750 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CTS CORP Cmn 126501105 1,721,250 34,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CUMULUS MEDIA Cmn 231082108 806,663 131,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CURAGEN 6.0% CB CB 3126RAC5 3,111,455 3,085 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CVS 40.000 STRIKE PUT
05/1 Opt (Put) 126650100 287,500 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CVS CORP 6% DEBT PERC Pfd 126645209 11,205,600 139,200 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CYPRESS SEMICONDUCTOR
6% CB 232806109 34,184,958 19,431 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
DALLAS SEMICONDUCTOR
CORP Cmn 235204104 1,643,750 50,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
DANAHER CORP Cmn 235851102 1,422,850 28,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
DEAN FOODS CO Cmn 242361103 658,350 19,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
DEERE & COMPANY Cmn 244199105 851,200 25,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 59,481,076
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 19 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
DELL 30.0 STRIKE PUT 01/19 Opt (Put) 247025109 2,593,750 5,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
DELL 32.500 STRIKE PUT 01 Opt (Put) 247025109 425,000 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
DELL 40.000 STRIKE PUT 01 Opt (Put) 247025109 1,950,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
DELL 45.0 STRIKE PUT 01/19 Opt (Put) 247025109 3,087,500 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
DELL COMPUTER Cmn 247025109 8,777,280 284,861 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
DELUXE CORP Cmn 248019101 869,375 42,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
DEUTSCHE TELEKOM AG -SPONS Cmn 251566105 156,005,325 4,554,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
DILLARD'S INC - CL A Cmn 254067101 561,000 52,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
DIMON, INC. Cmn 254394109 740,350 227,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
DISNEY WALT CO Cmn 254687106 6,204,150 162,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
DNA 140.0 STRIKE PUT 03/17 Opt (Put) 368710406 462,500 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
DOBSON COMMUNICATIONS Cmn 256069105 2,618,781 178,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
DOLLAR GEN CORP Cmn 256669102 935,906 55,875 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
DONNELLEY R R & SONS CO Cmn 257867101 1,176,544 47,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
DOUBLECLICK 4.75% CB DUE 3 0 258609AC0 37,455,215 38,711 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 223,862,676
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 20 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------- -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
DOW JONES & CO INC Cmn 260561105 3,327,500 55,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
DPL INC Cmn 233293109 395,675 13,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
DQE INC Cmn 23329J104 357,113 8,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
DR HORTON 9.75% DUE 9/15/2 CB 23331AAF6 990,000 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
DYCOM INDUSTRIES INC Cmn 267475101 1,948,050 46,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
E TRADE GROUP INC Cmn 269246104 488,194 29,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
EARTHWEB INC US 7% CB CB 27032CAB4 2,018,068 5,220 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
EATON CORP Cmn 278058102 15,597,288 253,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ECHOSTAR COMM 4.875% CB 278762AD1 33,821,813 25,550 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ECOLAB INC Cmn 278865100 778,950 21,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
EDWARDS (A G) INC Cmn 281760108 1,684,463 32,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
EGRP 17.500 STRIKE PUT 10/ Opt (Put) 269246104 607,188 3,350 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
EL 40.0 STRIKE PUT 04/21/2 Opt (Put) 518439104 1,290,000 2,150 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 63,304,299
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 21 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
EL 45.0 STRIKE PUT 04/21/2 Opt (Put) 518439104 475,000 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ELECTRO SCIENTIFIC INDS Cmn 285229100 800,323 22,785 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ELECTRONIC DATA SYSTEMS Cmn 285661104 5,183,350 124,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
EMC 70.0 STRIKE PUT 01/19/ Opt (Put) 268648102 1,375,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
EMC 80.0 STRIKE PUT 01/19/ Opt (Put) 268648102 253,125 250 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ENERGY EAST CORPORATION Cmn 29266M109 615,400 27,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ENGELHARD CORP Cmn 292845104 230,750 14,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ENHANCE FINANCIAL SVCS GRP Cmn 293310108 198,900 15,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ESTEE LAUDER MAND. 6.25% Pfd 518437207 33,404,400 518,400 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ETHAN ALLEN INTERIORS INC Cmn 297602104 588,900 20,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ETYS 15.0 STRIKE PUT 11/18 Opt (Put) 297862104 314,000 320 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ETYS 20.000 STRIKE PUT 11/ Opt (Put) 297862104 737,500 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
EXIDE CORP Cmn 302051107 1,589,880 175,435 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
EXODUS COMMUNICATIONS Cmn 302088109 5,934,875 120,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 51,701,403
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 22 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
EXPRESS SCRIPTS INC -CL A Cmn 302182100 622,795 8,620 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
EXXON MOBIL CORP Cmn 30231G102 10,793,038 121,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
FEDERAL-MOGUL CORPOR 7.5% CB 313549AS6 975,000 2,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
FEDERAL-MOGUL CORPOR 7.875% CB 313549AM9 780,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
FINOVA CAPITAL CORP 6.50% CB 31808CBW1 3,112,500 5,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
FINOVA CAPITAL CORP 6.55% CB 31808CAL6 780,000 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
FINOVA CAPITAL CORP 7.30% CB 31808CCV2 7,687,500 10,250 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
FINOVA GROUP INC Cmn 317928109 1,361,550 187,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
FIRST DATA CORP. Cmn 319963104 10,582,031 270,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
FIRST HEALTH GROUP CORP Cmn 320960107 557,022 17,272 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
FIRST TENNESSEE NATL CORP Cmn 337162101 559,988 27,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
FLAG TELECOM HLDGS LTD Cmn G3529L102 8,515,100 774,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
FLC 9.5 STRIKE 05/01/2009 Wt 74912E101 6,257,258 8,520 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
FLEET BOSTON FINANCIAL CORP Cmn 339030108 10,631,400 272,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 63,215,182
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 23 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
FLEMING COS INC Cmn 339130106 147,606 11,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
FMC CORP Cmn 302491303 1,669,856 24,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
FOSTER WHEELER CORP Cmn 350244109 5,090,950 702,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
FOUR SEASONS 0% CB CB 35100EAD6 11,651,925 28,285 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
FPL GROUP INC Cmn 302571104 473,400 7,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
GALILEO INTL INC Cmn 363547100 4,888,700 315,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
GANNETT INC Cmn 364730101 1,706,600 32,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
GAP INC Cmn 364760108 2,906,050 144,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
GBLX 25.0 STRIKE PUT 01/19 Opt (Put) G3921A100 493,750 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
GBLX 40.000 STRIKE PUT 01/ Opt (Put) G3921A100 2,125,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
GE 40.0 STRIKE PUT 01/19/2 Opt (Put) 369604103 335,938 2,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
GE 46.625 STRIKE PUT 01/19 Opt (Put) 369604103 787,500 3,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
GE 50 STRIKE PUT 01/19/200 Opt (Put) 369604103 1,725,000 4,600 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
GELTEX PHARMACEUTICALS Cmn 368538104 7,021,875 150,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 41,024,150
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 24 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
GENERAL DYNAMICS CORP Cmn 369550108 6,287,531 100,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
GENERAL MOTORS Cmn 370442105 17,829,500 274,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
GENUINE PARTS CO Cmn 372460105 1,315,313 69,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
GEORGIA-PACIFIC CORP Cmn 373298108 1,298,375 55,250 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
GETTY IMAGES INC Cmn 374276103 360,167 11,833 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
GFC FINANCIAL CORP 6.125% CB 318074AU5 5,328,000 7,400 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
GFC FINANCIAL CORP 6.25% CB 318074AS0 3,900,000 5,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
GFC FINANCIAL CORP 6.375% CB 318074AQ4 9,612,000 13,350 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
GFC FINANCIAL CORP 6.75% CB 318074AT8 680,000 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
GFC FINANCIAL CORP 7.25% CB 318074AV3 1,442,500 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
GFC FINANCIAL CORP 9.125% CB 318074AA9 902,500 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
GILAT SATELLITE NET. 4.25% CB 375255AE6 11,921,261 15,850 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
GLOBAL CROSSING 7% PERP.
PREF Pfd G3921A142 85,383,063 431,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
GLOBAL MARINE Cmn 379352404 373,588 12,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 146,633,796
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 25 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
GLOBAL TELESYSTEMS 5.75% CB 37936UAE4 1,879,276 6,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
GLOBAL TELESYSTEMS 7.25% Pfd 37936U609 1,005,701 88,750 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
GOLDEN WEST FINL CORP Cmn 381317106 3,389,100 63,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
GOODYEAR TIRE Cmn 382550101 1,852,200 102,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
GP 35.000 STRIKE PUT 01/20 Opt (Put) 373298108 460,000 400 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
GRAINGER W W INC Cmn 384802104 1,236,688 47,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
GREAT ATLANTIC & PAC TEA Cmn 390064103 690,300 62,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
GREENPOINT FINANCIAL Cmn 395384100 663,600 22,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
GREY WOLF INC Cmn 397888108 470,350 81,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
GTECH HOLDINGS CORP Cmn 400518106 226,906 13,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HALLIBURTON CO Cmn 406216101 1,384,931 28,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HARCOURT GENERAL Cmn 41163G101 1,539,900 26,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HARLAND (JOHN H.) CO CB 805897AA3 1,315,191 1,420 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
HARLEY-DAVIDSON INC Cmn 412822108 3,150,175 65,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 19,264,318
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 26 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------------------
HARMAN INTERNATIONAL INDS Cmn 413086109 523,940 13,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HARRIS CORP DEL Cmn 413875105 398,125 14,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HARSCO CORP Cmn 415864107 231,656 10,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HASBRO 94 Cmn 418056107 939,019 82,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HAVAS ADVERTISING SA - ADR Cmn 419313101 63,922,389 4,048,283 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HEALTH MANAGEMENT ASSOC CB 421933AA0 615,764 850 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
HEALTHSOUTH CORP Cmn 421924101 1,616,875 199,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HEILIG MEYERS CO 7.6% 08/ CB 556109AC0 277,500 1,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
HELMERICH & PAYNE INC Cmn 423452101 1,000,663 27,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HEWLETT PACKARD CO Cmn 428236103 5,499,900 56,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HIBERNIA CORP CL 'A' Cmn 428656102 433,650 35,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HIGHWOODS PROPERTIES INC Cmn 431284108 557,550 23,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HILLENBRAND INDUSTRIES Cmn 431573104 259,550 5,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HNC SOFTWARE INC Cmn 40425P107 40,227,206 491,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 116,503,786
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
-----------------------------------
Page 27 of 61 FORM 13F (SEC USE ONLY)
-- -- Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
-------------------------- ---------------------------
Name of Issuer Title CUSIP Fair Shares of (a) (b) Shared (c) Managers
of Number Maket Principal Sole As Defined Shared- See Instr. (a) Sole (b) Shared (c) None
Class Value Amount in Instr. V Other V
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
HOLLYWOOD ENTMT CORP Cmn 436141105 2,609,075 350,800 X n/a X
----------------------------------------------------------------------------------------------------------------------------------
HOME DEPOT Cmn 437076102 896,756 16,900 X n/a X
----------------------------------------------------------------------------------------------------------------------------------
HUNTINGTON BANCSHARES Cmn 446150104 314,853 21,437 X n/a X
----------------------------------------------------------------------------------------------------------------------------------
HUTCHINSON TECH Cmn 448407106 245,041 11,634 X n/a X
----------------------------------------------------------------------------------------------------------------------------------
HWP 110.0 STRIKE PUT
11/18 Opt (Put) 428236103 612,500 1,000 X n/a n/a
----------------------------------------------------------------------------------------------------------------------------------
HWP 115.00 STRIKE PUT Opt (Put) 428236103 1,320,000 1,200 X n/a n/a
01/2
----------------------------------------------------------------------------------------------------------------------------------
HWP 95.000 STRIKE PUT
01/1 Opt (Put) 428236103 1,087,500 1,000 X n/a n/a
----------------------------------------------------------------------------------------------------------------------------------
I2 TECH. 5.25% CB DUE
12/1 CB 465754AD1 1,289,895 500 X n/a n/a
----------------------------------------------------------------------------------------------------------------------------------
I2 TECHNOLOGY 5.25% CB CB 465754AF6 400,055,775 155,073 X n/a n/a
----------------------------------------------------------------------------------------------------------------------------------
IBM 100.00 STRIKE PUT
01/2 Opt (Put) 459200101 875,000 2,000 X n/a n/a
----------------------------------------------------------------------------------------------------------------------------------
IBM 105.0 STRIKE PUT
01/20 Opt (Put) 459200101 606,250 1,000 X n/a n/a
----------------------------------------------------------------------------------------------------------------------------------
IBM 80.0 STRIKE PUT
01/19/ Opt (Put) 459200101 1,725,000 4,000 X n/a n/a
----------------------------------------------------------------------------------------------------------------------------------
IBM 90.000 STRIKE PUT
01/1 Opt (Put) 459200101 675,000 1,000 X n/a n/a
----------------------------------------------------------------------------------------------------------------------------------
IBM Cmn 459200101 31,252,500 277,800 X n/a X
----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 443,565,145
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
-----------------------------------
Page 28 of 61 FORM 13F (SEC USE ONLY)
-- -- Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
-------------------------- ---------------------------
Name of Issuer Title CUSIP Fair Shares of (a) (b) Shared (c) Managers
of Number Maket Principal Sole As Defined Shared- See Instr. (a) Sole (b) Shared (c) None
Class Value Amount in Instr. V Other V
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ICG COMMUNICATIONS,
INC. Cmn 449246107 137,813 315,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ICN PHARMACEUTICALS Cmn 448924100 1,110,550 33,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
IDACORP INC Cmn 451107106 670,625 14,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
IDEC PHARM. 0% CB CB 449370AC9 350,177,858 148,025 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
IDEC PHARMACEUTICALS
0% CB CB 449370AA3 20,049,034 8,475 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
IDPH 170.0 STRIKE PUT
04/ Opt (Put) 449370105 1,106,875 350 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
IKON OFFICE SOLUTIONS
INC Cmn 451713101 3,281,119 833,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
IMC GLOBAL INC Cmn 449669100 1,777,700 122,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
IMPERIAL OIL LTD Cmn 453038408 286,770 11,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
INCO LTD. Cmn 453258402 1,186,800 73,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
INFINITY BROADCASTING
CORP Cmn 45662S102 63,772,500 1,932,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
INSIGHT COMMUNICATION Cmn 45768V108 3,765,550 237,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
INTC 32.5 STRIKE PUT
01/20 Opt (Put) 458140100 376,250 2,800 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
INTC 40.0 STRIKE PUT
01/20 Opt (Put) 458140100 775,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 448,474,443
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 29 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
INTC 50.0 STRIKE PUT 01/20 Opt(Put) 458140100 2,012,500 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
INTC 60.0 STRIKE PUT 01/19 Opt(Put) 458140100 4,025,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
INTC 65.0 STRIKE PUT 01/20 Opt(Put) 458140100 4,675,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
INTC 75 STRIKE PUT 01/20/2 Opt(Put) 458140100 6,675,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
INTEL Cmn 458140100 24,191,453 582,050 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
INTERMEDIA COMM FLA 8.875 CB 458801AS6 1,950,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
INTERMEDIA COMM FLA INC Cmn 458801107 613,600 20,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL RECTIFIER Cmn 460254105 6,724,813 133,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
INTERSTATE BAKERIES CP Cmn 46072H108 558,675 38,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
INTRAWARE INC Cmn 46118M103 586,611 78,542 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
IT GROUP INC. Cmn 465266104 1,662,025 349,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ITC DELTACOM INC Cmn 45031T104 419,750 36,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
IVGN 80.0 STRIKE PUT 10/21 Opt(Put) 46185R100 3,688,688 3,090 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
JABIL CIRCUIT INC Cmn 466313103 873,950 15,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 58,657,064
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 30 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
JACK IN THE BOX INC. Cmn 466367109 623,831 29,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
JDSU 110.0 STRIKE PUT 03/1 Opt(Put) 46612J101 2,587,500 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
JEFFERSON PILOT CORP Cmn 475070108 2,572,463 37,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
JLG INDUSTRIES INC Cmn 466210101 196,219 16,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
JNPR 125.00 STRIKE PUT 04/ Opt(Put) 48203R104 371,875 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
JOHNSON & JOHNSO Cmn 478160104 11,151,415 118,711 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
JUNIPER 4.75% CB CB 48203RAA2 294,826,276 193,965 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
JUNO LIGHTING INC (NEW) Cmn 482047206 364,313 67,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
K MART CORP Cmn 482584109 4,740,000 790,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
KAUFMAN & BROAD 8.25% Pfd 486168503 2,297,575 276,400 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
KEMET CORP Cmn 488360108 1,143,675 41,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
KENT ELECTRONICS CORP Cmn 490553104 553,900 23,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
KEY ENERGY GROUP INC Cmn 492914106 410,163 41,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
KITTY HAWK INC 9.95% 11/15 CB 498326AC1 7,099,200 12,240 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 328,938,403
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 31 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
KLAC 35.000 STRIKE PUT 01/ Opt(Put) 482480100 209,375 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
KLA-TENCOR INSTRUMENTS Cmn 482480100 795,454 19,313 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
KNIGHT RIDDER INC Cmn 499040103 2,987,775 58,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
KNIGHT TRADING GROUP INC Cmn 499063105 936,000 26,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
KOHL CORPORATION 0% CB CB 500255AG9 2,345,719 4,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
KOHLS CORP Cmn 500255104 1,315,275 22,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
KROGER CO. Cmn 501044101 4,110,888 182,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
LAM RESEARCH 5% CB DUE 09/ CB 512807AC2 100,042,030 95,734 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LENNAR CORP Cmn 526057104 1,047,969 35,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
LERNOUT & HAUSPIE 4.75% PFD Pfd 501608202 2,352,513 99,725 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LEVEL 3 COMMUNICATIONS Cmn 52729N100 2,074,663 26,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
LHSP 30.0 STRIKE PUT 01/19 Opt(Put) B5628B104 2,934,375 1,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LHSP 45.000 STRIKE PUT 01/ Opt(Put) B5628B104 14,078,125 4,250 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LHSP 50.0 STRIKE PUT 01/19 Opt(Put) B5628B104 11,325,000 3,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 146,555,159
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 32 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
LHSP 55.0 STRIKE PUT 01/19 Opt(Put) B5628B104 4,275,000 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LINCOLN NATL CORP Cmn 534187109 3,359,125 69,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
LIZ CLAIBORNE INC Cmn 539320101 2,021,250 52,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
LMG/A 3.75% INTO PCS CB 530715AL5 47,436,541 61,400 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LOCKHEED MARTIN CORP Cmn 539830109 2,208,320 67,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
LODGIAN (WAS SERVICO)7% pfd 540217205 235,000 20,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LONGS DRUG STORES CORP Cmn 543162101 208,463 10,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
LOR 5.0 STRIKE PUT 01/19/2 Opt(Put) G56462107 318,750 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LORAL 6% CONV PFD Pfd G56462305 9,796,027 441,832 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LORAL SPACE & COMM 6% PFD Pfd G56462149 26,532,061 1,314,933 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LOWE'S COMPANIES Cmn 548661107 5,636,300 125,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
LRCX 16.625 STRIKE PUT 01/ Opt(Put) 512807108 300,000 1,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LRCX 20.0 STRIKE PUT 01/19 Opt(Put) 512807108 281,875 550 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LRCX 25.0 STRIKE PUT 01/20 Opt(Put) 512807108 405,000 600 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 103,013,711
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 33 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
LSI 50.000 STRIKE PUT 01/2 Opt(Put) 502161102 2,125,000 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LSI LOGIC CORP. Cmn 502161102 4,144,725 141,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
LTV CORP. Cmn 501921100 483,000 368,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
LU 30.0 STRIKE PUT 01/19/2 Opt(Put) 549463107 1,781,250 3,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LU 55.000 STRIKE PUT 01/20 Opt(Put) 549463107 1,225,000 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LUCENT TECHNOLOGIES INC Cmn 549463107 6,821,550 223,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
LVLT 60.000 STRIKE PUT 01/ Opt(Put) 52729N100 276,563 750 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LVLT 60.000 STRIKE PUT 01/ Opt(Put) 52729N100 577,500 550 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LYCOS INC Cmn 550818108 12,618,492 183,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
M & T BANK CORP Cmn 55261F104 617,100 1,210 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MAGNA INTL Cmn 559222401 320,050 7,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MAIL.COM CB DUE 2/1 CB 560311AC6 3,062,501 6,750 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MAIL-WELL INC Cmn 560321200 1,238,506 279,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MARINE DRILLING CO Cmn 568240204 1,542,375 54,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 36,833,612
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 34 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MASTEC, INC. Cmn 576323109 1,468,750 47,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MAT 20.000 STRIKE PUT 1/20 Opt(Put) 577081102 397,500 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MBIA INC Cmn 55262C100 1,984,388 27,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MCCORMICK & CO. Cmn 579780206 214,200 7,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
McLeodUSA Inc. 6.75% PFD Pfd 582266201 54,254,992 137,600 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MEDIMMUNE INC Cmn 584699102 4,522,679 58,546 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MEDTRONIC INC Cmn 585055106 1,632,094 31,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MER 45.0 STRIKE PUT 01/19/ Opt(Put) 590188108 281,250 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MER 65.0 STRIKE PUT 04/21/ Opt(Put) 590188108 966,875 1,300 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MERCANTILE BANKSHARES CORP Cmn 587405101 379,520 10,456 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MERCK & CO Cmn 589331107 3,007,275 40,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MERCURY GENERAL CORP Cmn 589400100 232,163 8,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MERCURY INTERACTIVE CORP 4 CB 589405AA7 34,834,959 22,215 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MEREDITH CORP Cmn 589433101 236,000 8,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 104,412,643
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 35 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MERQ 80.000 STRIKE PUT 04/ Opt (Put) 589405109 393,750 900 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
METHODE ELECTRONICS -CL A Cmn 591520200 31,296,368 706,265 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
METLIFE INC 8.0% EQUITY Pfd 59156R207 4,811,850 57,800 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
METROMEDIA FIBER NETWORK Pfd 24366Q209 30,072,300 679,600 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MFNX 12.5 STRIKE PUT 01/19 Opt (Put) 591689104 232,050 1,326 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MFNX 25.0 STRIKE PUT 01/19 Opt (Put) 591689104 930,000 1,200 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MGIC INV CORP Cmn 552848103 867,975 14,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MGM MIRAGE Cmn 552953101 695,013 18,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MICHAEL STORES Cmn 594087108 244,000 6,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MICROCHIP TECHNOLOGY INC Cmn 595017104 4,379,839 132,472 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MICRON TECHNOLOGY INC Cmn 595112103 6,743,600 146,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MICROSOFT Cmn 594918104 68,564,577 1,136,822 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MILACRON INC Cmn 598709103 213,000 16,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MILLER (HERMAN) INC Cmn 600544100 538,650 16,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 149,982,971
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 36 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MILLIPORE CORP Cmn 601073109 3,439,063 71,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MINNESOTA MNG & MFG Cmn 604059105 12,684,600 139,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MONTANA POWER CO Cmn 612085100 2,663,325 79,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MORGAN J P & CO INC Cmn 616880100 133,297,663 815,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MORGAN STANLEY DEAN WITTER Cmn 617446448 4,562,731 49,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MOT 31.625 STRIKE PUT 01/2 Opt (Put) 620076109 1,612,500 3,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MOT 36.625 STRIKE PUT 01/2 Opt (Put) 620076109 4,823,438 5,250 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MOTOROLA Cmn 620076109 17,074,300 604,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MRV COMMUNICATIONS 5% 6/15 CB 553477AB6 107,471,297 31,851 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MSFT 50.0 STRIKE PUT 01/19 Opt (Put) 594918104 775,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MSFT 57.50 STRIKE PUT 01/2 Opt (Put) 594918104 356,250 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MSFT 60.0 STRIKE PUT 01/19 Opt (Put) 594918104 3,100,000 4,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MSFT 62.50 STRIKE PUT 01/2 Opt (Put) 594918104 1,627,500 2,800 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MSFT 65.0 STRIKE PUT 01/19 Opt (Put) 594918104 3,131,250 3,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 296,618,916
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 37 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MSFT 70.0 STRIKE PUT 01/19 Opt(Put) 594918104 4,068,750 3,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MSFT 75.0 STRIKE PUT 01/19 Opt(Put) 594918104 3,475,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MSFT 75.000 STRIKE PUT 01/ Opt(Put) 594918104 3,025,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MSFT 80.000 STRIKE PUT 01/ Opt(Put) 594918104 1,975,000 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MSFT 95.000 STRIKE PUT 01/ Opt(Put) 594918104 3,450,000 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MU 25.00 STRIKE PUT 01/20/ Opt(Put) 595112103 375,000 4,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MU 30.00 STRIKE PUT 01/20/ Opt(Put) 595112103 362,500 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MU 60.00 STRIKE PUT 01/20/ Opt(Put) 595112103 3,400,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MURPHY OIL CORP Cmn 626717102 1,043,481 16,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MUSICLAND STORES CORP Cmn 62758B109 3,066,538 434,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MWD 60.0 STRIKE PUT 01/19/ Opt(Put) 617446448 368,750 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MYLAN LABORATORIES Cmn 628530107 2,968,513 110,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NABISCO GROUP HOLDINGS Cmn 62952P102 53,371,950 1,872,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NABISCO HOLDINGS - CL A Cmn 629526104 25,531,250 475,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 106,481,731
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 38 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
NATIONAL FUEL GAS CO Cmn 636180101 207,431 3,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NATIONAL SEMICONDUCTOR Cmn 637640103 3,288,425 81,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NATL EQUIP SVCS INC Cmn 635847106 1,256,775 257,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NAVISTAR INTl Cmn 58440J104 1,296,294 43,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NCS HEALTHCARE 5.75% CB CB 628874AC3 241,500 2,415 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
NEIMAN MARCUS GROUPS INC Cmn 640204202 561,169 17,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NEON COMMUNICATIONS INC Cmn 640506101 310,388 8,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NETA 30.000 STRIKE PUT 01/ Opt(Put) 640938106 618,750 750 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
NETA 40.000 STRIKE PUT 01/ Opt(Put) 640938106 4,343,750 2,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
NETA 45.000 STRIKE PUT 01/ Opt(Put) 640938106 1,118,750 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
NETWORK APPLIANCE INC Cmn 64120L104 343,913 2,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NETWORK ASSOC. 0% OID CB 640938AB2 27,085,819 70,298 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
NETWORKS ASSOCIATES INC Cmn 640938106 235,323 10,401 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NEXTEL COMMUNICATIONS INC Cmn 65332V103 1,474,682 31,544 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 42,382,968
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 39 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------- -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
NEXTLINK COMMUNICATIONS Cmn 65333H707 6,734,852 191,399 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NFX 6.5% MIPS DUE 8/15/29 Pfd 651291205 4,152,422 59,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
NICOR INC Cmn 654086107 712,894 19,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NORDSTROM INC Cmn 655664100 967,988 62,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NORTEK INC Cmn 656559101 1,517,250 86,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NORTHEAST UTIL. Cmn 664397106 37,764,444 1,741,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NOVELLUS SYSTEMS INC Cmn 670008101 1,898,167 40,766 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NUCOR CORP Cmn 670346105 2,349,750 78,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NXTL 35.00 STRIKE PUT 01/2 Opt (Put) 65332V103 231,000 1,120 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
NXTL 37.50 STRIKE PUT 01/2 Opt (Put) 65332V103 293,750 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
NXTL 40.0 STRIKE PUT 01/19 Opt (Put) 65332V103 350,000 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
OAKWOOD HOMES 8.125% 03/01 CB 674098AE8 720,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
OAKWOOD HOMES Cmn 674098108 241,500 161,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
OCCIDENTAL PETROLEUM Cmn 674599105 3,548,894 162,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 61,482,910
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 40 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
-------------------------- -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
OGE ENERGY Cmn 670837103 622,325 29,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
OLD KENT FINANCIAL Cmn 679833103 865,087 29,895 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
OLD REPUBLIC INTL Cmn 680223104 221,375 9,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
OLIN CORP Cmn 680665205 168,350 10,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
OMNICOM GROUP Cmn 681919106 3,756,281 51,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ON-LINE SOFTWARE INTL 6.25 CB 682180AA2 518,760 524 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ORACLE SYS CORP Cmn 68389X105 2,702,464 34,317 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ORB 10.0 STRIKE PUT 01/19/ Opt (Put) 685564106 249,375 700 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ORB 10.000 STRIKE PUT 01/2 Opt (Put) 685564106 282,188 1,075 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ORB 15.000 STRIKE PUT 01/1 Opt (Put) 685564106 356,250 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ORB 15.000 STRIKE PUT 01/2 Opt (Put) 685564106 261,225 387 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ORBITAL 5% CB DUE 10/1/02 CB 685564AC0 816,119 1,423 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ORCKIT COMMUNICATIONS Cmn M7531S107 464,225 59,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ORCL 25.0 STRIKE PUT 01/19 Opt (Put) 68389X105 487,500 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 11,771,523
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 41 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ORCL 31.25 STRIKE PUT 01/1 Opt (Put) 68389X105 1,825,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ORCT 55.000 STRIKE PUT 10/ Opt (Put) M7531S107 1,632,750 420 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ORCT 70.000 STRIKE PUT 10/ Opt (Put) M7531S107 1,346,875 250 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
OVERSEAS SHIPHOLDING GROUP Cmn 690368105 229,950 8,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
OWENS CORNING 7% 03/15/200 CB 69073FAE3 680,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
OWENS CORNING 7.7% 05/01/2 CB 69073FAC7 340,000 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
OWENS CORNING Cmn 69073F103 872,813 332,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
OWENS-ILLINOIS INC Cmn 690768403 3,293,000 356,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PACKAGED ICE INC Cmn 695148106 476,575 173,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PAINE WEBBER GROUP INC Cmn 695629105 118,387,625 1,737,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PALM 70.000 STRIKE PUT 11/ Opt (Put) 696642107 3,550,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
PALM INC COM Cmn 696642107 10,587,500 200,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PARKER DRILLING CO Cmn 701081101 2,562,000 366,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PARTNER COMMUNICATIONS CB 70211MAA7 492,500 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 146,276,588
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 42 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PCS 30.000 STRIKE PUT 01/2 Opt (Put) 852061506 445,250 2,740 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
PCS 35.000 STRIKE PUT 01/1 Opt (Put) 852061506 960,000 1,600 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
PCS 40.000 STRIKE PUT 01/1 Opt (Put) 852061506 1,996,875 2,250 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
PCS 40.000 STRIKE PUT 01/2 Opt (Put) 852061506 1,170,313 1,750 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
PCS 45.000 STRIKE PUT 01/2 Opt (Put) 852061506 525,000 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
PCS 50.000 STRIKE PUT 01/2 Opt (Put) 852061506 1,350,000 900 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
PDLI 75.0 STRIKE PUT 02/17 Opt (Put) 74369L103 330,000 600 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
PEGASUS COMMUNICATIONS Cmn 705904100 1,584,650 32,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PENNEY J C INC Cmn 708160106 5,906,250 500,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PENNZOIL-QUAKER STATE(NEW) Cmn 709323109 3,098,550 295,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PEOPLES ENERGY CORP Cmn 711030106 283,688 8,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PEOPLESOFT INC 4.75% REG CB 922091AC7 9,935,380 10,712 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
PERKINELMER, INC 0% CB CB 714046AA7 135,566,304 198,809 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
PFIZER INC Cmn 717081103 6,817,019 151,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 169,969,278
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 43 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PG&E CORP Cmn 69331C108 1,985,794 82,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PHARMACIA CORP 6.5% PFD Pfd 611662305 516,875 10,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
PHELPS DODGE CORP Cmn 717265102 2,822,300 67,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PHILLIPS PETE CO Cmn 718507106 1,788,375 28,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PIER 1 IMPORTS Cmn 720279108 1,196,213 88,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PILLOWTEX CORP 10% 11/15/2 CB 721501AB0 297,000 1,650 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
PILLOWTEX CORP 9% 12/15/20 CB 721501AE4 576,000 3,200 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
PLANTRONICS INC Cmn 727493108 224,200 5,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PLAYTEX PRODUCTS INC 8.875 CB 72813PAD2 2,000,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
PLUM CREEK TIMBER INC -LP Opt (Put) 729251108 359,231 16,100 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
PMC - SIERRA SEMICONDUCTOR Cmn 69344F106 944,087 4,386 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PMI GROUP INC Cmn 69344M101 1,897,000 28,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PNC FINANCIAL SERVICES Cmn 693475105 2,528,500 38,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
POLAROID CORP Cmn 731095105 205,594 15,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 17,341,168
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 44 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
POLYMER GROUP INC Cmn 731745105 128,325 17,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
POTASH CORP Cmn 73755L107 1,161,338 22,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
POTLATCH CORP Cmn 737628107 461,725 14,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
POTOMAC ELECTRIC POWER Cmn 737679100 1,181,294 46,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PRAXAIR INC Cmn 74005P104 3,281,525 87,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PRECISION CASTPARTS CORP Cmn 740189105 1,185,788 30,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PRICE (T. ROWE) ASSOCIATE Cmn 741477103 565,879 12,056 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PRICE COMMUNICATIONS Cmn 741437305 1,334,163 68,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PRICELINE.COM INC. Cmn 741503106 178,125 15,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PRIDE INTERNATIONAL 0% CB CB 741932AB3 11,025,000 24,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
PRIMUS TELECOMM GROUP Cmn 741929103 95,000 10,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PROCTER & GAMBLE CO Cmn 742718109 4,783,800 71,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PROGRESSIVE CORP-OHIO Cmn 743315103 548,563 6,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PROLOGIS TRUST Cmn 743410102 553,375 23,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 26,483,897
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
-------------------------
FORM 13F (SEC USE ONLY)
Page 45 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
--------------------- -------------------------
Name of Issuer Title CUSIP Fair Shares of (b) Shared Managers
of Number Maket Principal (a) As Defined (c) See (a) (b) (c)
Class Value Amount Sole in Shared- Instr. V Sole Shared None
Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
PROTECTIVE LIFE CORP Cmn 743674103 702,063 23,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PROTEIN DESIGN LABS 5.25% CB 74369LAB9 22,904,000 13,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
PROVIDIAN FINANCIAL CORP CB 74406AAA0 23,544,715 21,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
PROVIDIAN FINANCIAL CORP Cmn 74406A102 1,625,600 12,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PSINET 11% SR. NOTES 08/01 CB 69363VAB3 2,620,000 4,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
PSINET INC Cmn 74437C101 1,755,600 182,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PSIX 40.000 STRIKE PUT 01/ Opt (Put) 74437C101 608,750 200 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
PSIX 50.000 STRIKE PUT 01/ Opt (Put) 74437C101 808,750 200 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
PTEL 18.150 STRIKE 02/01/2 Wt 73936C117 2,426,536 34,824 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
PUBLIC SVC ENTERPRISES Cmn 744573106 808,844 18,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PUGET SOUND POWER & LIGHT Cmn 745332106 291,813 11,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PULTE CORP Cmn 745867101 287,100 8,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PVN 90.0 STRIKE PUT 01/19 Opt (Put) 74406A102 365,625 450 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
QCOM 72.50 STRIKE PUT 01/2 Opt (Put) 747525103 1,357,500 1,200 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 60,106,895
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
-------------------------
FORM 13F (SEC USE ONLY)
Page 46 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
--------------------- -------------------------
Name of Issuer Title CUSIP Fair Shares of (b) Shared Managers
of Number Maket Principal (a) As Defined (c) See (a) (b) (c)
Class Value Amount Sole in Shared- Instr. V Sole Shared None
Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
QUALCOMM INC Cmn 747525103 2,750,749 38,607 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
QWEST COMM TRENDS 5.75% Pfd 74912L105 1,153,956 14,800 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
R & B FALCON CORP INC Cmn 74912E101 68,876,338 2,470,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
RADIAN GROUP INC Cmn 750236101 1,626,750 24,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
RALSTON PURINA CO Cmn 751277302 2,030,019 85,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
RATIONAL SOFTWARE 5% CB CB 75409PAC7 195,775,364 94,378 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
RAYTHEON CLASS B Cmn 755111408 1,822,844 64,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
RBAK 120.0 STRIKE CALL 101 Opt (Call) 757209101 911,250 200 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
RBAK 125.0 STRIKE PUT 04/2 Opt (Put) 757209101 1,750,000 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
RBAK 140.0 STRIKE CALL 10/ Opt (Call) 757209101 3,427,500 1,200 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
RCN CORP Cmn 749361101 890,175 42,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
READERS DIGEST $1.9336 Pfd 755271202 16,231,250 519,400 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
REDBACK NETWORKS 5% CB CB 757209AB7 53,993,742 48,636 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
REGIONS FINANCIAL CORP. Cmn 758940100 328,969 14,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 351,568,904
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 47 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
RENT-A-CENTER INC Cmn 76009N100 752,719 21,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
REPUBLIC SERVICES Cmn 760759100 2,307,375 175,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
REVLON INC 8.625% CB 761519AN7 3,915,000 6,750 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
REVLON INC 9% 11/01/2006 CB 761519AQ0 720,000 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
REVLON INC. - CL A Cmn 761525500 300,938 45,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
RHYTHMS NETCONNECTIONS Cmn 762430205 946,213 128,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
RII 12.500 STRIKE PUT 01/2 Opt (Put) 767754104 537,500 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
RITE AID CORPORATION 6% 12 CB 767754AP9 875,000 2,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
RITE AID CORPORATION 7.125 CB 767754AH7 1,400,000 4,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
RITE AID CORPORATION 7.625 CB 767754AF1 740,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ROCHE INTO DNA 0% DUE 1/19 CB 771196AG7 1,432,857 1,505 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ROWAN COS INC Cmn 779382100 4,938,700 170,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ROYAL CARIBBEAN CRUISES Cmn V7780T103 1,590,732 61,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ROYAL DUTCH PETRO NY Cmn 780257804 6,131,606 102,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 26,588,639
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 48 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
RPM, INC. Cmn 749685103 229,281 25,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
RSL COMMUNICATIONS PLC 9.1 CB 74972EAC2 2,248,750 12,850 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
RYDER SYS INC Cmn 783549108 3,729,906 202,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
RYERSON TULL INC Cmn 78375P107 3,848,613 407,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
RYLAND GROUP 9.75% DUE 9/ CB 783764AF0 1,000,000 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SAFEGUARD SCIENTIFICS 5% CB 786449AD0 1,050,283 1,040 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SAFEGUARD SCIENTIFICS 5% CB 786449AE8 14,461,482 14,320 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SAFEWAY INC Cmn 786514208 1,190,531 25,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SALOMON (BROADWING INC) Pfd 79549B867 15,414,963 146,200 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SALTON INC Cmn 795757103 623,631 19,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SANM 60.0 STRIKE PUT 01/19 Opt (Put) 800907107 337,500 450 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SANM 70.0 STRIKE PUT 01/19 Opt (Put) 800907107 2,906,250 2,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SANMINA 4.25% CB DUE 5/1/2 CB 800907AB3 30,558,458 13,900 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SANMINA CORP 0% CB DUE 9/1 CB 800907AC1 8,339,749 20,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 85,939,396
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 49 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SAP AG - SPONS ADR PFD 1:1 Pfd 803054204 3,075,000 50,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SBC COMMUNICATIONS INC Cmn 78387G103 7,269,950 145,399 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SCH 30.0 STRIKE PUT 01/19/ Opt(Put) 808513105 487,500 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SCHERING PLOUGH CORP Cmn 806605101 916,050 19,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SCHLUMBERGER LTD Cmn 806857108 3,374,813 41,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SDL INC Cmn 784076101 20,414,625 66,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SEAGATE TECHNOLOGY Cmn 811804103 346,462,800 5,021,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SEAGRAM CO. LTD. Cmn 811850106 91,130,338 1,586,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SEALED AIR CORP 4% CV PFD Pfd 81211K209 9,736,041 214,825 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SEARS ROEBUCK & CO Cmn 812387108 3,206,338 98,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SEMCO ENERGY 11% MAND. Pfd 78412D307 13,990,089 1,215,800 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SEMTECH 4.5% CB DUE 2/1/20 CB 816850AD3 5,366,430 4,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SEPR 60.0 STRIKE CALL 01/2 Opt(Call) 817315104 323,125 50 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SEPR 75.000 STRIKE PUT 01/ Opt(Put) 817315104 424,000 200 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 506,177,098
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 50 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SEPR 85.0 STRIKE PUT 01/19 Opt(Put) 817315104 450,000 300 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SEPRACOR 5% CB CB 817315AL8 66,214,694 44,200 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SEPRACOR INC 7% CB CB 817315AH7 52,260,985 25,200 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SIEBEL SYSTEMS INC. 5.50% CB 826170AC6 134,283,213 27,695 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SILGAN HOLDINGS Cmn 827048109 439,550 47,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SIMON PROPERTY GROUP INC Cmn 828806109 457,031 19,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SINCLAIR BROADCASTING GROUP Cmn 829226109 2,402,969 219,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SIX FLAGS INC Cmn 83001P109 2,301,750 148,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SMITH INTL Cmn 832110100 2,577,375 31,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SNAP ON INC Cmn 833034101 530,156 22,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SOLECTRON 0% OID DUE 5/8/2 CB 834182AK3 345,026,400 511,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SOURCE MEDIA 11.000 STRIKE Pfd 836153130 32,700 109,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SOURCE MEDIA INC 12% 11/01 CB 836153AC0 2,104,200 5,010 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SOURCE MEDIA INC Cmn 836153304 622,882 115,885 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 609,703,905
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 51 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SOUTHERN CO Cmn 842587107 3,678,413 113,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SOVEREIGN BANCORP 7.5% CB CB 845905306 1,014,152 18,100 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SPECTRASITE HOLDINGS INC Pfd 84760T100 928,125 50,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SPEEDWAY MOTORSPORTS 5.75% CB 847788AC0 2,463,230 2,750 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SPRING INDS INC CL A Cmn 851783100 326,975 11,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SPX 1250.0 STRIKE PUT 10/2 Opt (Put) 784635104 326,375 3,730 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SPX 1275.0 STRIKE PUT 11/1 Opt (Put) 784635104 2,531,250 5,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SPX 1275.0 STRIKE PUT 12/1 Opt (Put) 784635104 730,000 800 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SPX 1300.0 STRIKE PUT 06/1 Opt (Put) 784635104 1,800,000 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SPX CORP Cmn 784635104 667,106 4,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
STANDARD PACIFIC CORP 9.50 CB 85375CAJ0 500,000 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
STARWOOD HOTELS & RESORT Cmn 85590A203 2,003,125 64,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
STILLWATER MINING CO. Cmn 86074Q102 473,725 17,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
STLW 45.00 STRIKE PUT 03/1 Opt (Put) 863100103 1,811,250 900 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 19,253,725
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 52 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
STM ELECTRONICS 0% CB CB 861012AB8 174,966,656 132,175 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
STMICROELECTRONICS 0% CB CB 861012AA0 186,934,804 73,010 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
STORA ENSO OYJ -ADR Cmn 86210M106 1,522,950 184,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
STRYKER CORP Cmn 863667101 1,159,313 27,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SUIZA FOODS 5.5% PFD Pfd 86507G408 1,877,135 46,875 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SUN HEALTHCARE GROUP 7% PFD Pfd 866749203 - 820,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SUN MICROSYSTEMS INC Cmn 866810104 9,523,765 81,574 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SUNTRUST BKS INC Cmn 867914103 871,719 17,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SUNW 100.0 STRIKE PUT 01/1 Opt (Put) 866810104 1,487,500 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SUNW 110.0 STRIKE PUT 04/2 Opt (Put) 866810104 1,356,250 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SUNW 70.000 STRIKE PUT 01/ Opt (Put) 866810104 1,000,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SUNW 80.0 STRIKE PUT 01/19 Opt (Put) 866810104 400,000 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SUNW 90.0 STRIKE PUT 01/20 Opt (Put) 866810104 381,250 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SUPERVALU INC Cmn 868536103 274,138 18,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 381,755,478
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 53 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SWIFT TRANSPORTATION CO Cmn 870756103 146,300 11,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SYBASE INC Cmn 871130100 846,906 36,822 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SYBRON INTL CORP Cmn 87114F106 312,000 13,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SYMANTEC CORP Cmn 871503108 1,356,696 30,834 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SYMBOL TECHNOLOGIES Cmn 871508107 918,203 25,550 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SYNOVUS FINANCIAL CORP Cmn 87161C105 546,638 25,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SYSTEM & COMPUTER TECH 5% CB 871873AB1 9,629,259 10,979 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
SZA 40.0 STRIKE CALL 03/1 Opt (Call) 865077101 309,375 250 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
TALBOTS INC Cmn 874161102 2,053,750 31,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
TECH DATA CORP Cmn 878237106 1,934,053 45,241 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
TECHNITROL INC Cmn 878555101 2,484,600 24,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
TECNOMATIX TECH 5.25% REG CB 878732AD8 506,965 692 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
TECO ENERGY INC Cmn 872375100 790,625 27,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
TEKELEC 3.25% OID DUE 11/2 CB 879101AC7 48,619,132 25,335 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 70,454,502
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 54 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
TELE-COMMUNICATIONS
(TCI PFD) Pfd 872294202 11,333,742 62,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
TELEFLEX INC Cmn 879369106 460,625 13,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
TELEPHONE & DATA Cmn 879433100 3,166,020 28,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
TELIGENT INC 11.5% DUE 3/1 CB 87959YAD5 1,680,000 6,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
TELIGENT INC CL A Cmn 87959Y103 325,000 25,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
TENET HEALTHCARE CORP Cmn 88033G100 5,245,275 144,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
TENNECO AUTOMOTIVE INC Cmn 880349105 2,995,263 577,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
TERADYNE INC Cmn 880770102 3,528,000 100,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
TEREX CORP Cmn 880779103 1,311,475 100,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
TERRA INDUSTRIES Cmn 880915103 145,138 68,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
TEVA PHARMACEUTICAL INDUS Cmn 881624209 6,330,719 86,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
TEXACO INC Cmn 881694103 1,365,000 26,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
TEXAS INSTRUMENTS Cmn 882508104 4,931,094 104,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
TEXTRON INC Cmn 883203101 3,413,250 74,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 46,230,600
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 55 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
TGNT 7.5 STRIKE PUT 05/19/ Opt (Put) 87959Y103 232,500 1,550 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
THE ST JOE CO Cmn 790148100 227,550 8,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
THERMO CARDIOSYS 4.75% CB CB 88355KAA9 1,698,710 1,916 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
THERMO ELECTRON 2.875% CB CB 883901AD2 2,187,810 2,628 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
THERMO FIBERTEK 4.5% CB CB 88355WAA3 1,693,383 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
THERMO FIBERTEK 4.5% CB CB U8835NAA8 2,600,259 3,070 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
THOMAS & BETTS CORP Cmn 884315102 807,356 46,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
TIFFANY COMMON STOCK Cmn 886547108 362,488 9,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
TIOGA TECHNOLOGIES LTD Cmn M8789G100 497,919 59,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
TITAN 5 3/4 MIPS Pfd 888262300 1,165,000 40,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
TITANIUM METALS 6.625% CV Pfd 887381408 1,521,238 92,900 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
TOWER AUTOMOTIVE INC Cmn 891707101 874,219 93,250 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
TOYS R US INC Cmn 892335100 424,125 26,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
TQNT 47.5 STRIKE PUT 02/17 Opt (Put) 89674K103 900,000 600 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 15,192,555
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 56 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
TRANSATLANTIC HOLDINGS Cmn 893521104 397,750 4,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
TRANSOCEAN 0% CB 5/24/20 CB 893830AA7 55,643,765 88,300 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
TRANSWITCH CORP 4.5% CB CB 894065AA9 3,643,466 2,970 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
TRANSWITCH CORP Cmn 894065101 567,375 8,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
0 0 - - X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
TRIBUNE 2% EXCHG INTO AOL Pfd 896047305 42,801,600 355,200 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
TRIQUINT SEMICONDUCTOR Cmn 89674K103 1,206,081 33,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
TRITON ENERGY NEW YORK Cmn G90751101 354,900 9,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
TRUE NORTH COMMUNICATIONS Cmn 897844106 929,500 26,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
TRW INC Cmn 872649108 645,938 15,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
TRY 0% DEB DUE 2/9/18 CB 895927AB7 8,078,579 26,050 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
TWRS 30.0 STRIKE PUT 01/20 Opt (Put) 228227104 203,125 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
TXU CORP Cmn 873168108 851,938 21,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
TYC 60.0 STRIKE PUT 10/21/ Opt (Put) 902124106 1,650,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 116,974,016
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 57 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ ---------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
TYCO INTERNATIONAL LTD Cmn 902124106 20,511,375 395,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
UIL HOLDINGS CORP Cmn 902748102 200,606 3,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ULTRAMAR DIAMOND SHAMROCK Cmn 904000106 1,461,600 57,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
UNION PLANTERS Cmn 908068109 1,177,025 35,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
UNIONBANCAL CORP Cmn 908906100 797,288 34,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
UNISYS Cmn 909214108 1,454,625 129,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
UNITED RENTALS INC Cmn 911363109 1,177,300 48,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
UNIVERSAL FOODS CORP Cmn 913538104 236,350 11,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
UNIVERSAL HEALTH SVCS Cmn 913903100 2,140,625 25,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
USG CORPORATION Cmn 903293405 1,238,088 49,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
USX-MARATHON GROUP INC Cmn 902905827 2,457,275 86,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
VALERO 7.75% MAND. CVT Cmn 91821D107 4,396,875 150,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
VALSPAR CORP Cmn 920355104 280,478 12,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
VENATOR GROUP INC. Cmn 922944103 784,575 63,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 38,314,084
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 58 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
VERITAS SOFTWARE 1.856% CB CB 92343RAA1 424,087,452 106,148 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
VERIZON COMM 4.25% CB 07785GAC4 83,208,324 74,325 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
VERIZON COMM 4.25% CB 92343V104 136,786,613 121,640 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
VERTEX PHAMACEUTICALS 5% CB 92532FAC4 3,307,500 3,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
VIAD CORP Cmn 92552R109 865,938 32,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
VIATEL INC 11.25% 04/15/20 CB 925529AG4 528,000 1,100 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
VICOR CORP Cmn 925815102 311,938 5,750 x n/a X
------------------------------------------------------------------------------------------------------------------------------------
VISHAY INTERTECHNOLOGY Cmn 928298108 2,724,450 88,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
VITESSE SEMI. 4% DUE 3/15/ CB 928497AB2 10,893,901 10,455 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
VITESSE SEMI. 4% DUE 3/15/ CB 928497AA4 11,972,350 11,490 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
VLASIC FOODS INTL INC Cmn 928559103 56,250 50,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
VOD 45 STRIKE PUT 1/19/02 Opt (Put) 92857W100 322,500 300 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
VOICESTREAM WIRELESS CORP Cmn 928615103 245,149,998 2,112,224 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
VTSS 50.0 STRIKE PUT 01/20 Opt (Put) 928497106 275,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 920,490,212
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 59 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
VTSS 70 STRIKE PUT 04/21/2 Opt (Put) 928497106 2,343,750 2,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
W.R. GRACE & CO. Cmn 38388F108 69,438 10,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
WACHOVIA CORP Cmn 929771103 4,319,588 76,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
WAL MART STORES INC Cmn 931142103 9,557,625 198,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
WALGREEN CO Cmn 931422109 2,405,238 63,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
WASHINGTON POST -CL B Cmn 939640108 316,725 600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
WASTE MANAGEMENT Cmn 94106L109 619,275 35,514 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
WCG 25.0 STRIKE PUT 02/17/ Opt (Put) 969455104 927,500 1,400 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
WCG 30.0 STRIKE PUT 02/17/ Opt (Put) 969455104 752,500 700 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
WEBS MEXICO INDEX SERIES Cmn 464286822 683,438 45,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
WELLS FARGO CO Cmn 949746101 8,011,500 174,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
WENDY'S INTERNATIONAL Cmn 950590109 1,237,856 61,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
WESTWOOD ONE Cmn 961815107 1,155,481 53,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
WHITMAN CORP Cmn 96647R107 116,781 10,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 32,516,694
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 60 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
WILLIAMS COMM GRP 6.75% Pfd 969455203 7,793,125 185,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
WIND RIVER 5% REG CB CB 973149AC1 43,601,808 29,411 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
WINN DIXIE STORES INC Cmn 974280109 467,188 32,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
WINSTAR COMMUNICATIONS CB 975515BD8 375,000 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
WINSTAR COMMUNICATIONS Cmn 975515107 241,800 15,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
WISCONSIN ENERGY CORP Cmn 976657106 3,907,750 196,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
WMI 12.500 STRIKE PUT 01/01 Opt (Put) 94106L109 237,188 2,300 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
WMS INDUSTRIES Cmn 929297109 339,750 15,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
WORTHINGTON INDS INC Cmn 981811102 150,938 16,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
WRIGLEY WM JR Cmn 982526105 2,485,850 33,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
XCEL ENERGY INC Cmn 98389B100 60,694,838 2,207,085 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
XEROX CORP Cmn 984121103 21,412,850 1,421,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
XLNX 100.0 STRIKE CALL 01 Opt (Call) 983919104 409,375 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
YAHOO! INC Cmn 984332106 13,895,700 152,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 156,013,158
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------
FORM 13F (SEC USE ONLY)
Page 61 of 61 Name of Reporting Manager Citadel Limited Partnership
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------ -------------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c)
Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
YHOO 100.0 STRIKE PUT 01/1 Opt (Put) 984332106 3,920,000 1,400 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
YHOO 115.0 STRIKE PUT 01/2 Opt (Put) 984332106 3,000,000 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
YHOO 140.00 STRIKE PUT 01/ Opt (Put) 984332106 2,035,000 400 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
YHOO 75.0 STRIKE PUT 01/19 Opt (Put) 984332106 1,425,000 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
YHOO 90.0 STRIKE PUT 01/19 Opt (Put) 984332106 2,212,500 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
YOUNG & RUBICAM INC Cmn 987425105 64,171,800 1,296,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ZALE CORPORATION Cmn 988858106 1,303,988 40,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
STLW 70.0 STRIKE PUT 03/17 Opt (Put) 863100103 10,687,500 2,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 88,755,788
------------------------------------------------------------------------------------------------------------------------------------
LONG MARKET VALUE 9,355,223,624
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
