<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 1999
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: Deltec Asset Management Corporation
Address: 645 Fifth Avenue
New York, New York 10022
Form 13F File Number: 28-4706
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: Stephen Zupello
Title: Managing Director and Chief Operating Officer
Phone: (212) 546-6285
Signature, Place, and Date of Signing:
/s/ Stephen Zupello New York, New York August 16, 1999
___________________ __________________ ______________
[Signature] [City, State] [Date]
<PAGE>
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 her 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).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28-
[Repeat as necessary.]
2
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 289
Form 13F Information Table Value Total: $265,759
[thousands]
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file
number(s) of all institutional investment managers with respect
to which this report is filed, other than the manager filing this
report.
[If there are no entries in this list, state "NONE" and omit the
column headings and list entries.]
No. Form 13F File Number Name
28-
[Repeat as necessary.]
3
<PAGE>
<TABLE>
Form 13F INFORMATION TABLE
<CAPTION>
TITLE CUSIP VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS NUMBER (X1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- - -------------- -------- ------ ------ ------- --- ---- ---------- -------- ----- ----- ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
American Telephone
& Telegraph Co Common Stock 001957109 558 10,000 SH n/a sole 10,000
AT&T Liberty Media-A Common Stock 001957208 776 21,116 SH n/a sole 21,116
About.com, Inc. Common Stock 003736105 337 6,500 SH n/a sole 6,500
Advanced Photonix
Inc-CL A Common Stock 00754E107 15 20,000 SH n/a sole 20,000
Aeroflex Inc Common Stock 007768104 5,118 259,150 SH n/a sole 259,150
Aegon N.V. -
American Regd Shr Common Stock 007924103 446 6,021 SH n/a sole 6,021
Advanta Corp - Cl B Common Stock 007942204 7 500 SH n/a sole 500
Aetna Life &
Casualty Co Common Stock 008117103 22 244 SH n/a sole 244
Agnico Eagle Mines
Ltd COM Common Stock 008474108 48 7,800 SH n/a sole 7,800
Agribiotech Inc Common Stock 008494106 91 15,000 SH n/a sole 15,000
Alliant Energy Corp Common Stock 018802108 60 2,100 SH n/a sole 2,100
Allied Irish Banks -
Spns ADR Common Stock 019228402 3 100 SH n/a sole 100
Allstate Corp Common Stock 020002101 89 2,490 SH n/a sole 2,490
America Online Inc Common Stock 02364J104 4,804 43,475 SH n/a sole 43,475
American Express
Company Common Stock 025816109 130 1,000 SH n/a sole 1,000
American Home
Products Common Stock 026609107 270 4,700 SH n/a sole 4,700
American International
Group Inc Common Stock 026874107 4,372 37,350 SH n/a sole 37,350
Anadarko Petroleum
Corp Common Stock 032511107 655 17,805 SH n/a sole 17,805
Anheuser-Busch Cos
Inc Common Stock 035229103 568 8,000 SH n/a sole 8,000
Aquarion Co. Common Stock 03838W101 109 3,150 SH n/a sole 3,150
Ariel Corp Common Stock 04033M104 652 285,884 SH n/a sole 285,884
Asia Pulp & Paper
Ltd Sponsored Adr Common Stock 04516V100 96 10,000 SH n/a sole 10,000
Asia Pulp & Paper -
Wts Common Stock 04516V209 1 400 SH n/a sole 400
At Home Corp Ser A Common Stock 045919107 129 2,400 SH n/a sole 2,400
Astrazeneca Plc -
Spons ADR Common Stock 046353108 2,665 68,000 SH n/a sole 68,000
Atlas Air Inc Common Stock 049164106 4,846 150,260 SH n/a sole 150,260
Autotote Corp - CL A Common Stock 053323101 1,514 637,370 SH n/a sole 637,370
Avon Products Inc Common Stock 054303102 167 3,000 SH n/a sole 3,000
BP Amoco PLC Spons
ADR Common Stock 055622104 82 756 SH n/a sole 756
Banco De Galicia Y
4
<PAGE>
Buenos Aire ADR Cl Common Stock 059538207 205 10,000 SH n/a sole 10,000
Bankamerica Corp Common Stock 060505104 3,620 49,383 SH n/a sole 49,383
Barnes & Noble Inc Common Stock 067774109 14 500 SH n/a sole 500
Barrick Gold Corp Common Stock 067901108 80 4,122 SH n/a sole 4,122
BE Aerospace Inc Common Stock 073302101 1,410 75,450 SH n/a sole 75,450
Bellsouth Corp Common Stock 079860102 118 2,520 SH n/a sole 2,520
Belo A H Corp Del Common Stock 080555105 492 25,000 SH n/a sole 25,000
Benchmark Electronics,
Inc. Common Stock 08160H101 3,044 84,700 SH n/a sole 84,700
Berkshire Hathaway
Inc - Cl A Common Stock 084670108 138 2 SH n/a sole 2
Berkshire Hathaway
Inc - CL B Common Stock 084670207 2 1 SH n/a sole 1
Berry Petroleum -
CL A Common Stock 085789105 2 132 SH n/a sole 132
Bestfoods Common Stock 08658U101 86 1,740 SH n/a sole 1,740
Bristol-Myers
Squibb Co. Common Stock 110122108 879 12,480 SH n/a sole 12,480
Britesmile, Inc. Common Stock 110415106 11 1,000 SH n/a sole 1,000
Broadway Financial
Corp/Del Common Stock 111444105 1,224 233,131 SH n/a sole 233,131
Brookline Bancorp,
Inc. Common Stock 113739106 1,734 150,000 SH n/a sole 150,000
CBS Corporation Common Stock 12490K107 78 1,800 SH n/a sole 1,800
CFS Bancorp Inc Common Stock 12525D102 1,816 166,000 SH n/a sole 166,000
CMGI Inc Common Stock 125750109 23 200 SH n/a sole 200
CV Therapeutics Inc Common Stock 126667104 28 5,000 SH n/a sole 5,000
Cadbury Schweppes
PLC - Sp ADR Common Stock 127209302 160 6,000 SH n/a sole 6,000
Cadence Design
System Inc Common Stock 127387108 7,080 555,265 SH n/a sole 555,265
Campbell Soup Co. Common Stock 134429109 742 16,000 SH n/a sole 16,000
Canadian Imperial
Bank of Commerce Common Stock 136069101 48 2,000 SH n/a sole 2,000
Carson Inc - CL A Common Stock 145845103 40 12,000 SH n/a sole 12,000
Celadon Group Inc Common Stock 150838100 2,692 316,711 SH n/a sole 316,711
Chase Manhattan
Corp New Common Stock 16161A108 74 850 SH n/a sole 850
Checkfree Holdings
Corp. Common Stock 162816102 28 1,000 SH n/a sole 1,000
Chevron Corp Common Stock 166751107 17 175 SH n/a sole 175
China Fund Inc Common Stock 169373107 3 250 SH n/a sole 250
China Eastern
Airlines - ADR Common Stock 16937R104 333 25,500 SH n/a sole 25,500
China Southern
Air - ADR Common Stock 169409109 326 25,800 SH n/a sole 25,800
Chirex Inc. Common Stock 170038103 77 2,400 SH n/a sole 2,400
Chubb Corp. Common Stock 171232101 125 1,800 SH n/a sole 1,800
Cisco Systems Inc Common Stock 17275R102 1,596 24,770 SH n/a sole 24,770
Citigroup Inc Common Stock 172967101 5,850 123,155 SH n/a sole 123,155
City Investing Co.
Liquidating Trust Common Stock 177900107 320 250,000 SH n/a sole 250,000
Coca-Cola Company Common Stock 191216100 1,004 16,060 SH n/a sole 16,060
5
<PAGE>
Cohoes Bancorp Common Stock 192513109 102 8,500 SH n/a sole 8,500
Colgate Palmolive Co. Common Stock 194162103 395 4,000 SH n/a sole 4,000
CIA Paranaense de
Energia Spon
ADR Pf Common Stock 20441B407 3,621 432,300 SH n/a sole 432,300
Compaq Computer Corp Common Stock 204493100 63 2,670 SH n/a sole 2,670
Concord Camera Corp Common Stock 206156101 2,432 463,235 SH n/a sole 463,235
Concord Communications
Inc. Common Stock 206186108 45 1,000 SH n/a sole 1,000
Conectiv Inc Common Stock 206829103 5 205 SH n/a sole 205
Constellation Energy
Group Common Stock 210371100 7 246 SH n/a sole 246
Corn Products
International Inc Common Stock 219023108 13 435 SH n/a sole 435
Costco Companies Inc Common Stock 22160Q102 1,049 13,100 SH n/a sole 13,100
Cypress Semiconductors
Corp. Common Stock 232806109 1,742 101,750 SH n/a sole 101,750
DVI Inc Common Stock 233343102 17 1,000 SH n/a sole 1,000
Dean Foods Co. Common Stock 242361103 42 1,000 SH n/a sole 1,000
Dell Computer Corp Common Stock 247025109 205 5,535 SH n/a sole 5,535
Delphi Automotive
Systems Common Stock 247126105 13 699 SH n/a sole 699
Disney Walt Co. Common Stock 254687106 203 6,600 SH n/a sole 6,600
Ditech Communications
Corp. Common Stock 25500M103 2,050 102,500 SH n/a sole 102,500
Doubleclick Inc Common Stock 258609304 9 100 SH n/a sole 100
Dreyfus Strategic
Municipals Inc Common Stock 261932107 0 53 SH n/a sole 53
Dupont Denemours & Co Common Stock 263534109 122 1,788 SH n/a sole 1,788
EFTC Corporation Common Stock 268443108 4,559 935,170 SH n/a sole 935,170
EMC Corp / Mass Common Stock 268648102 278 5,050 SH n/a sole 5,050
Ensco International
Inc Common Stock 26874Q100 60 3,000 SH n/a sole 3,000
Esco Electronics Corp Common Stock 269030201 0 11 SH n/a sole 11
E'Town Corp Common Stock 269242103 41 900 SH n/a sole 900
Earthshell Corp. Common Stock 27032B100 7 1,000 SH n/a sole 1,000
Eastman Chemical
Company Common Stock 277432100 18 347 SH n/a sole 347
Eastman Kodak Co Common Stock 277461109 149 2,200 SH n/a sole 2,200
Eaton Vance Nat'l
Municipal
Income Tr. Common Stock 87,344 87 6,500 SH n/a sole 6,500
J.D. Edwards & Co. Common Stock 281667105 16 850 SH n/a sole 850
Elbit Computers Ltd. Common Stock 284275104 153 15,550 SH n/a sole 15,550
Electronics Arts Inc Common Stock 285512109 43 800 SH n/a sole 800
Embratel Participacoes
SA - Spns ADR Common Stock 29081N100 1,998 144,000 SH n/a sole 144,000
Emerson Electric & Co Common Stock 291011104 53 850 SH n/a sole 850
Encal Energy Ltd Common Stock 29250D107 4 763 SH n/a sole 763
Enron Corp Common Stock 293561106 208 2,550 SH n/a sole 2,550
Equitable Companies
Inc Common Stock 29444G107 871 13,000 SH n/a sole 13,000
Excaliber Technologies
6
<PAGE>
Corp. Common Stock 300651205 6 400 SH n/a sole 400
Exxon Corp Common Stock 302290101 239 3,100 SH n/a sole 3,100
FDX Corporation Common Stock 31304N107 2,170 40,000 SH n/a sole 40,000
Federal National
Mortgage
Association Common Stock 313586109 232 3,400 SH n/a sole 3,400
First Place Financial/
Ohio Common Stock 33610T109 99 8,000 SH n/a sole 8,000
First Virginia Banks,
Inc. Common Stock 337477103 44 900 SH n/a sole 900
Flanders Corporation Common Stock 338494107 2,518 719,517 SH n/a sole 719,517
Ford Motor Company Common Stock 345370100 99 1,750 SH n/a sole 1,750
Forest Laboratories
Inc Common Stock 345838106 2,358 50,990 SH n/a sole 50,990
Franklin Resources
Inc Common Stock 354613101 3,534 87,000 SH n/a sole 87,000
Frequency Electronics
Inc Common Stock 358010106 86 10,250 SH n/a sole 10,250
Furniture Brands
International Inc Common Stock 360921100 1,554 55,750 SH n/a sole 55,750
GST Telecommunications
Inc Common Stock 361942105 26 2,000 SH n/a sole 2,000
Genelabs Technologies
Inc Common Stock 368706107 35 20,833 SH n/a sole 20,833
General Electric Co. Common Stock 369604103 452 4,000 SH n/a sole 4,000
General Motors Corp Common Stock 370442105 858 13,000 SH n/a sole 13,000
Genzyme Transgenics
Corp Common Stock 37246E105 3 600 SH n/a sole 600
Genzyme Corp Common Stock 372917104 65 1,350 SH n/a sole 1,350
Gillette Co. Common Stock 3757661020 1,681 41,000 SH n/a sole 41,000
Goldman Sachs Group,
Inc. Common Stock 38141G104 94 1,300 SH n/a sole 1,300
Greater China Fund
Inc. Common Stock 39167B102 4 416 SH n/a sole 416
Grey Wolf Inc Common Stock 397888108 286 114,500 SH n/a sole 114,500
Grupo Televisa SA -
ADR Common Stock 40049J206 3,495 78,000 SH n/a sole 78,000
Gulf Canada Resources
Ltd Common Stock 40218L305 21 4,950 SH n/a sole 4,950
Hartford Finl Svcs
Group Inc Common Stock 416515104 31 526 SH n/a sole 526
Highland Bancorp Inc. Common Stock 429879109 20,606 1,091,697 SH n/a sole 1,091,697
Home Depot Inc Common Stock 437076102 683 10,600 SH n/a sole 10,600
Homestake Mining Co. Common Stock 437614100 16 2,000 SH n/a sole 2,000
IDT Corp Common Stock 448947101 20 900 SH n/a sole 900
Irsa Inversiones y
Representaciones AD Common Stock 4500472040 0 0 SH n/a sole 0
ITT Industries Inc Common Stock 450911102 19 488 SH n/a sole 488
Idexx Laboratories
Inc Common Stock 45168D104 468 20,072 SH n/a sole 20,072
Ilex Oncology, Inc. Common Stock 451923106 21 2,062 SH n/a sole 2,062
Inco Ltd. Common Stock 453258402 29 1,650 SH n/a sole 1,650
Independent Energy
7
<PAGE>
Hldgs - ADR Common Stock 45384X108 14 1,000 SH n/a sole 1,000
Intel Corp Common Stock 458140100 231 3,880 SH n/a sole 3,880
Intermedia
Communications Inc Common Stock 458801107 42 1,400 SH n/a sole 1,400
International Comfort
Products ORD Common Stock 458978103 72 6,300 SH n/a sole 6,300
International Business
Machines Corp Common Stock 459200101 569 4,400 SH n/a sole 4,400
International Home
Foods Inc. Common Stock 459655106 1,768 95,900 SH n/a sole 95,900
Int'l Telecommunication
Data System In Common Stock 46047F104 1,340 83,750 SH n/a sole 83,750
Ireland Bank ADR Common Stock 46267Q103 7 100 SH n/a sole 100
JMAR Industries Inc
COM Common Stock 466212107 44 22,000 SH n/a sole 22,000
Jabil Circuit Inc. Common Stock 466313103 2,189 48,500 SH n/a sole 48,500
Jackpot Enterprises
Inc Common Stock 466392107 0 10 SH n/a sole 10
Johnson & Johnson Common Stock 478160104 3,644 37,188 SH n/a sole 37,188
Jones Apparel Group
Inc Common Stock 480074103 721 21,002 SH n/a sole 21,002
Kansas City Southern
Industries, Inc. Common Stock 485170104 134 2,100 SH n/a sole 2,100
Kimberly Clark Corp Common Stock 494368103 11 200 SH n/a sole 200
Koninklijke Philips
Electronics - NY S Common Stock 500472204 4,736 46,948 SH n/a sole 46,948
Korean Investment
Fund Inc Common Stock 500637103 271 35,000 SH n/a sole 35,000
Kyzen Corp - CLA Common Stock 501596100 3 3,000 SH n/a sole 3,000
LNR Property Corp Common Stock 501940100 21 1,000 SH n/a sole 1,000
Lauder Estee Cos Inc. Common Stock 518439104 30 600 SH n/a sole 600
Legg Mason, Inc. Common Stock 524901105 154 4,000 SH n/a sole 4,000
Lehman Brothers
Holdings Inc Common Stock 524908100 75 1,200 SH n/a sole 1,200
Level 3 Communications
Inc Common Stock 52729N100 126 2,100 SH n/a sole 2,100
Lily Eli & Co. Common Stock 532457108 3,384 47,250 SH n/a sole 47,250
Lincoln Bancorp Common Stock 532879103 87 7,000 SH n/a sole 7,000
Lucent Technologies
Inc Common Stock 549463107 115 1,708 SH n/a sole 1,708
MCI Worldcom Inc Common Stock 55268B106 3,912 45,460 SH n/a sole 45,460
MGC Communications,
Inc. Common Stock 552763302 1,066 41,000 SH n/a sole 41,000
MMC Networks Inc. Common Stock 55308N102 27 600 SH n/a sole 600
Magyar Tavkozlesi
RT - ADR Common Stock 559776109 138 5,000 SH n/a sole 5,000
May Dept. Stores
Co. COM Common Stock 577778103 0 6 SH n/a sole 6
McKesson HBOC Inc Common Stock 58155Q103 29 900 SH n/a sole 900
McMoran Exploration
Co. Common Stock 582411104 2 93 SH n/a sole 93
Medialink Worldwide,
Inc. Common Stock 58445P105 32 2,000 SH n/a sole 2,000
8
<PAGE>
Merck & Co Common Stock 589331107 3,885 52,505 SH n/a sole 52,505
Merrill Lynch & Co
Inc Common Stock 590188108 5,756 72,000 SH n/a sole 72,000
Metal Management Inc. Common Stock 591097100 150 100,000 SH n/a sole 100,000
Microsoft Corp Common Stock 594918104 1,823 20,210 SH n/a sole 20,210
Micron Technology Inc Common Stock 595112103 56 1,400 SH n/a sole 1,400
Mitchell Energy &
Development-CLA Common Stock 606592202 15 800 SH n/a sole 800
Mitchell Energy &
Development-CL B Common Stock 606592301 15 800 SH n/a sole 800
Mony Group Inc. Common Stock 615337102 718 22,000 SH n/a sole 22,000
Morgan JP & Co Inc Common Stock 616880100 177 1,260 SH n/a sole 1,260
Morgan Stanley Dean
Witter Discovery C Common Stock 617446448 5,409 52,768 SH n/a sole 52,768
National Techteam,
Inc. Common Stock 638108100 110 20,000 SH n/a sole 20,000
Neoprobe Corp Common Stock 640518106 2 2,500 SH n/a sole 2,500
Network Access
Solutions Corp. Common Stock 64120S109 188 14,100 SH n/a sole 14,100
Network Solutions
Inc Cl A Common Stock 64121Q102 79 1,000 SH n/a sole 1,000
Newmont Mining Corp Common Stock 651639106 51 2,580 SH n/a sole 2,580
Northeast Pennsylvania
Fin'l. Common Stock 663905107 105 9,000 SH n/a sole 9,000
OSI Pharmaceuticals,
Inc. Common Stock 671040103 26 6,000 SH n/a sole 6,000
Oak Industries, Inc. Common Stock 671400505 1,245 28,500 SH n/a sole 28,500
Open JT Stock Co -
Vimpel Commun Common Stock 68370R109 487 21,000 SH n/a sole 21,000
Optimal Robotics Corp Common Stock 68388R208 50 5,000 SH n/a sole 5,000
Orbital Engine Corp
Ltd - ADR Common Stock 685563306 2 1,000 SH n/a sole 1,000
P-Com Inc. Common Stock 693262107 16 3,000 SH n/a sole 3,000
PNC BK Corp Common Stock 693475105 184 3,186 SH n/a sole 3,186
Paine Webber Group
Inc Common Stock 695629105 2,571 55,000 SH n/a sole 55,000
Pepsico, Inc. Common Stock 713448108 110 2,850 SH n/a sole 2,850
PT Telekomunik
Indonesia -
Spns ADR Common Stock 715684106 1,182 95,000 SH n/a sole 95,000
Petroleum Geo-
Services - Spns ADR Common Stock 716597109 774 52,000 SH n/a sole 52,000
Pfizer Inc Common Stock 717081103 6,355 57,900 SH n/a sole 57,900
Philip Morris
Companies Inc Common Stock 718154107 121 3,000 SH n/a sole 3,000
Phillips Petroleum
Co. Common Stock 718507106 75 1,500 SH n/a sole 1,500
Phosphate Resources
Partners Common Stock 719217101 16 1,500 SH n/a sole 1,500
Placer Dome Inc. COM Common Stock 725906101 55 4,639 SH n/a sole 4,639
Premier Laser Systems
Inc - CL A Common Stock 740522107 8 4,000 SH n/a sole 4,000
Price Associates &
9
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T. Rowe Common Stock 741477103 384 10,000 SH n/a sole 10,000
Prison Realty Corp Common Stock 74264N105 6,002 611,668 SH n/a sole 611,668
Procter & Gamble Co Common Stock 742718109 491 5,500 SH n/a sole 5,500
Provident American
Corp Common Stock 743832107 114 4,100 SH n/a sole 4,100
Qwest Communications
Intl Common Stock 749121109 751 22,700 SH n/a sole 22,700
RPM Inc - Ohio Common Stock 749685103 14 1,000 SH n/a sole 1,000
Ranger Oil Ltd Common Stock 752805101 5 1,000 SH n/a sole 1,000
Read - Rite Corp Common Stock 755246105 12 2,000 SH n/a sole 2,000
Restoration Hardware
Inc Common Stock 760981100 13 1,000 SH n/a sole 1,000
Revenue Properties Co.
Ltd. Common Stock 761389402 4 2,100 SH n/a sole 2,100
Robert Half Int'l.,
Inc. Common Stock 770323103 520 20,000 SH n/a sole 20,000
Rogers Communications
- CL B Common Stock 775109200 110 6,600 SH n/a sole 6,600
Royal Bank of Scotland
Ser C PFD Common Stock 780097408 52 2,000 SH n/a sole 2,000
Royal Dutch Petro -
NY Shares Common Stock 780257804 334 5,550 SH n/a sole 5,550
SBC Communications
Inc Common Stock 78387G103 789 13,600 SH n/a sole 13,600
SCI Systems Inc Common Stock 783890106 786 16,600 SH n/a sole 16,600
Saks Holdings Inc Common Stock 79377W108 1,841 63,750 SH n/a sole 63,750
Sea Containers Ltd
Cl B Common Stock 811371103 592 17,600 SH n/a sole 17,600
Sea Containers Ltd -
Cl A Common Stock 811371707 1,014 30,200 SH n/a sole 30,200
Sears Roebuck & Co. Common Stock 812387108 60 1,344 SH n/a sole 1,344
Sepracor Inc Common Stock 817315104 45 550 SH n/a sole 550
Seven Seas Petroleum
Corp Common Stock 817917107 6 3,000 SH n/a sole 3,000
Shaw Communications
Inc - CL B Common Stock 82028K200 131 3,300 SH n/a sole 3,300
Smart Modular
Technologies Inc Common Stock 831690102 1,843 106,100 SH n/a sole 106,100
Smithkline Beecham
Plc - ADR Common Stock 832378301 4,684 70,900 SH n/a sole 70,900
Star Gas Partners
L.P. Common Stock 85512C105 4 240 SH n/a sole 240
Starwood Hotels &
Resorts Worldwide
In Common Stock 85590A203 8 267 SH n/a sole 267
State Str Corp Common Stock 857477103 2,391 28,000 SH n/a sole 28,000
Staten Island Bancorp
Inc Common Stock 857550107 209 11,617 SH n/a sole 11,617
Stolt Comex Seaway
S.A. ADR CLASS A Common Stock 861567105 7 660 SH n/a sole 660
Suburban Lodges of
America Common Stock 864444104 113 17,500 SH n/a sole 17,500
Swift Energy Co Common Stock 870738101 7 700 SH n/a sole 700
10
<PAGE>
Systems & Computer
Tech Corp. Common Stock 871873105 15 1,000 SH n/a sole 1,000
TCBY Enterprises Inc Common Stock 872245105 6 1,000 SH n/a sole 1,000
TCI Satelitte
Entertainment-A Common Stock 872298104 78 26,000 SH n/a sole 26,000
Tekelec Common Stock 879101103 1,822 149,500 SH n/a sole 149,500
Tele Centro Sul
Participacoes
SA - ADR Common Stock 879239101 278 5,000 SH n/a sole 5,000
Tele Norte Leste
Participacoes - ADR Common Stock 879246106 6,679 359,800 SH n/a sole 359,800
Telecommunicaoes
Brasileiras SA Adr Common Stock 879287100 14 221,625 SH n/a sole 221,625
Telebras - Spns ADR
Pfd Block (TBH) Common Stock 879287308 15,979 177,175 SH n/a sole 177,175
Teleponos De Mexico
SA ADR L Common Stock 879403780 2,723 33,700 SH n/a sole 33,700
Telesp Participacoes
SA - ADR Common Stock 87952K100 5,222 228,300 SH n/a sole 228,300
Templeton Dragon
Fund Inc Common Stock 88018T101 713 64,420 SH n/a sole 64,420
Texas Instruments Inc Common Stock 882508104 73 500 SH n/a sole 500
Texas Utilities Co Common Stock 882848104 11 275 SH n/a sole 275
Thoratec Labs Corp Common Stock 885175307 164 15,410 SH n/a sole 15,410
Ticketmaster Online-
Citysearch - CL B Common Stock 88633P203 6 200 SH n/a sole 200
Tiffany & Co New Common Stock 886547108 97 1,000 SH n/a sole 1,000
Time Warner Inc Common Stock 887315109 533 7,250 SH n/a sole 7,250
Trans World Airlines
- PFD Common Stock 8933498034 0 17 SH n/a sole 17
Transkaryotic
Therapies Inc Common Stock 893735100 33 1,000 SH n/a sole 1,000
Transwitch Corp Common Stock 894065101 36 750 SH n/a sole 750
Trico Marine Services
Inc Common Stock 896106101 33 5,050 SH n/a sole 5,050
Triquint Semiconductor
Inc Common Stock 89674K103 28 500 SH n/a sole 500
Troy Financial Corp. Common Stock 897329108 94 9,000 SH n/a sole 9,000
Tubos De Acero De
Mexico SA ADR Common Stock 898592506 26 2,375 SH n/a sole 2,375
24/7 Media, Inc. Common Stock 901314104 1,078 28,000 SH n/a sole 28,000
Tyco Int'l. Ltd. Common Stock 902124106 3,614 38,141 SH n/a sole 38,141
Unibanco - Sponsored
GDR Common Stock 9045E107 578 24,000 SH n/a sole 24,000
Unilever PLC -
sponsored ADR Common Stock 904767704 13 357 SH n/a sole 357
Unilever NV - NY
Shares New Common Stock 904784709 249 3,572 SH n/a sole 3,572
Union Carbide Corp Common Stock 905581104 49 1,000 SH n/a sole 1,000
Vastar Resources,
Inc. Common Stock 922380100 262 5,000 SH n/a sole 5,000
Vencor Inc Common Stock 92260R102 0 3,000 SH n/a sole 3,000
Ventas Inc Common Stock 92276F100 16 3,000 SH n/a sole 3,000
11
<PAGE>
Verio Inc Common Stock 923433106 36 513 SH n/a sole 513
Viewcast.com, Inc. Common Stock 926713108 427 63,600 SH n/a sole 63,600
Vina Concha Y Toro
SA - ADR Common Stock 927191106 22 600 SH n/a sole 600
Viropharma Inc Common Stock 928241108 2,076 270,000 SH n/a sole 270,000
Vitesse Semiconductor
Corp Common Stock 928497106 1,447 21,450 SH n/a sole 21,450
Vivus Inc Common Stock 928551100 3 1,100 SH n/a sole 1,100
Vodafone Airtouch
PLC - Spons ADR Common Stock 92857T107 0 0 SH n/a sole 0
Wal-Mart Stores Inc Common Stock 931142103 145 3,000 SH n/a sole 3,000
Warner-Lambert Co Common Stock 934488107 69 1,000 SH n/a sole 1,000
Washington Mutual,
Inc. Common Stock 939322103 11 300 SH n/a sole 300
Watson Pharmaceuticals
Inc Common Stock 942683103 878 25,050 SH n/a sole 25,050
Wellsford Real
Properties Common Stock 950240101 0 44 SH n/a sole 44
Wisconsin Energy
Corp Common Stock 976657106 53 2,100 SH n/a sole 2,100
Wit Capital Group
Inc. Common Stock 97737K309 17 500 SH n/a sole 500
WorldTalk
Communications Corp Common Stock 98155G101 1,984 690,134 SH n/a sole 690,134
Woronoco Bancorp Inc. Common Stock 981630106 100 10,000 SH n/a sole 10,000
Wyman Gordon Company Common Stock 983085101 10,918 565,350 SH n/a sole 565,350
Yahoo Inc Common Stock 984332106 189 1,100 SH n/a sole 1,100
Zenix Income Fund Common Stock 989414107 39 6,500 SH n/a sole 6,500
ITEM COUNT GRAND TOTAL $265,759
289
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