<TABLE> <C> <C>
Name of Issuer Class Cusip fmv Shares s|Sh-I|Sh-O Mgrs. S|Sh|None
CASH Common 0 0X X
CONVERTIBLE BOND ACC Conver 0 200,307X X
ADRIEN ARPEL INC. Common 461 4,187X X
CONOCO Common 4,181 150X X
EUROTUNNELL ADR Common 4,000 2,000X X
HUDSON UNITED Common 18,375 600X X
LTC HEALTCARE INC. Common 2,073 1,070X X
PHILLIPS PETE Common 35,219 700X X
VIDEO CITY INC Common 297 125X X
AES 5 1/2% 9/30/12 R Common 001034305 4,124,786 72,200X X
AES CORP Common 00130H105 51,731 890X X
AMERICAN TEL & TELEG Common 001957109 3,972,064 71,168X X
APRIA HLT 9 1/2% 11- Conver 002786AB7 1,000,000 1,000,000X X
ACTEL CORP Common 004934105 237,475 16,100X X
ACX TECH Common 005123104 576,063 35,450X X
ADAPTEC INC Common 00651F108 589,895 16,705X X
AETNA CAPITAL 9.5% P Common 008095200 11,728 450X X
ACS 4% 3/15/05 Conver 008190AD2 3,729,450 2,820,000X X
AGNCO EGL 3 1/2% 1-2 Common 008474AA6 387,500 625,000X X
AIRBORNE FGHT CORP Common 00926610 461,966 16,685X X
ALBERTSONS INC Common 01310410 13,664 265X X
ALLMERICA FINANCIAL Common 019754100 24,325 400X X
ALLSTATE CORP Common 020002101 275,879 7,690X X
ALLTEL Common 020039103 21,450 300X X
AMAZON.COM INC. Common 023135106 25,025 200X X
AMAZON 4.75% 2/1/09 Conver 023135AF3 4,030,895 4,150,000X X
AMERICA ONLINE Common 02364J104 467,415 4,230X X
AMERICAN EXPRESS CO Common 025816109 2,692,937 20,695X X
AMERICAN INTL GROUP Common 026874107 1,958,339 16,729X X
AMGEN INC Common 031162100 445,909 7,325X X
AMKOR 5.75% 5/1/03 Conver 031652AA8 2,515,500 2,600,000X X
ANADARKO PETEROLEUM Common 032511107 903,195 24,535X X
ANHEUSER BUSCH COS I Common 03522910 1,102,723 15,545X X
ANTEC 4.5% 5/15/03 R Conver 03664PAB1 2,700,516 1,820,000X X
APACHE CORP Common 03741110 588,900 15,100X X
APEX PC SOLUTIONS Common 037945102 539,663 26,325X X
APPLIED MATERIALS Common 038222105 405,943 5,495X X
HYSL 4.5% 3/15/02 Conver 038918AC2 355,000 500,000X X
ASARCO INC Common 04341310 503,234 26,750X X
ASIA PULP Common 04516V100 294,766 30,625X X
AZPN 5.25% 6/15/05 R Conver 045327AB9 622,500 1,000,000X X
ASSOC. FIRST CAP COR Common 046008108 352,063 7,945X X
ELAN 4.75 11/15/04 R Conver 046854AB1 4,293,450 4,060,000X X
ATLAS AIR Common 049164106 1,648,588 51,119X X
AVON PRODS INC Common 05430310 584,415 10,530X X
BANKAMERICA CORP (NE Common 060505104 77,711 1,060X X
BANK NEW YORK INC Common 06405710 799,604 21,795X X
BANC ONE CORP Common 06423A103 39,847 669X X
BANK OF TOKYO MITSUB Common 065379109 29,125 2,000X X
BARRICK GOLD Common 067901108 18,891 975X X
BAXTER TRAVENOL LABS Common 071813109 590,488 9,740X X
BE AEROSPACE INC Common 073302101 1,182,171 63,260X X
BELL ATLANTIC Common 077853109 1,655,949 25,330X X
BELLSOUTH CORP Common 07986010 734,531 15,670X X
BETHLEHEM STL CORP Common 08750910 458,752 59,675X X
BIG FLOWER PFD 6% RE Common 089164305 3,800,538 65,100X X
BIOGEN INC Common 090597105 796,832 12,390X X
BOEING CO Common 097023105 1,462,827 33,105X X
BOLLE INC. Common 097937106 916 333X X
BRIGHTPOINT 0% 3-11- Common 109473AC2 609,375 2,500,000X X
BRISTOL MYERS CO Common 110122108 2,339,652 33,216X X
BUDGET 6.25% REG Common 119001303 800,366 21,850X X
CCB FINANCIAL Common 124875105 223,397 4,225X X
CBS CORP. Common 12490K107 30,406 700X X
CKE REST 4 1/4% 3-12 Common 12561EAB1 972,032 1,280,000X X
CNET 5% 3/1/06 144A Common 125945AA3 1,793,414 1,060,000X X
CABLETRON SYSTEMS Common 126920107 400,400 30,800X X
CAL ENEGRY 6 1/2% PF Common 12946N309 5,805,781 121,740X X
CAMPBELL SOUP CO Common 13442910 0 0X X
CAPITAL AUTO REIT Common 139733109 66,250 5,000X X
CAPITAL ONE FINANCIA Common 14040H105 1,572,893 28,245X X
CARLISLE CORP Common 14233910 364,788 7,580X X
CENTERPOINT PRPTYS C Common 151895109 18,313 500X X
CENTRAL GARDEN 6% 11 Conver 153527AC0 806,268 1,037,000X X
CHAMPION INTL CORP Common 15852510 782,278 16,340X X
CHASE MANHATTAN NEW Common 16161A108 2,917,097 33,675X X
CHASE MANHATTAN Common 16161A306 11,531 450X X
CHECKPOINT SYSTEMS 5 Conver 162825AB9 334,329 445,000X X
CHESAPEAKE CORP VA Common 16515910 686,978 18,350X X
CHEVRON Common 16675110 1,962,290 20,615X X
CQB PRF 3.75 Common 170032502 1,837,500 43,750X X
CIRRUS LOGIC Common 172755100 198,800 22,400X X
CRUS 6% 12/15/03 Conver 172755AC4 516,525 750,000X X
CISCO SYSTEMS Common 17275R102 1,706,275 26,531X X
CITIGROUP (NEW) Common 172967101 2,323,653 48,919X X
CITRIX 0% 3/22/19 14 Conver 177376AA8 1,163,500 2,600,000X X
CLEAR CHANNEL Common 184502102 79,761 1,157X X
COASTAL CORP Common 19044110 465,200 11,630X X
COCA-COLA COMPANY Common 191216100 934,375 14,950X X
COLGATE PALMOLIVE CO Common 19416210 2,059,925 20,860X X
COLONIAL BANK Common 195493309 1,463 105X X
COLUMBIA ENERGY GROU Common 19764810 337,572 5,385X X
COMCAST CORP CLASS A Common 200300200 977,273 25,425X X
COMERICA INC Common 200340107 334,633 5,630X X
COMPUTER SCIENCES CO Common 20536310 9,686 140X X
COMVERSE TECH Common 205862402 3,926 52X X
COMVERSE 4 1/2% 7/1/ Common 205862AG0 5,405,096 2,903,000X X
CONCENTRA 4 1/2% 3-1 Common 20589TAC7 470,300 500,000X X
CONVERSION INDUS (NE Common 21254K203 3 400X X
COOPER CAMERON (NEW) Common 216640102 480,515 12,965X X
COVENANT TRANSPORT Common 22284P105 364,613 23,150X X
COX COMMUNICATIONS Common 224044107 438,253 11,905X X
CYMI 3 1/2% 8-6-04 R Common 232572AC1 994,750 1,150,000X X
DANAHER CORP Common 23585110 597,816 10,285X X
DAYTON HUDSON CORP Common 23975310 2,275 35X X
DELL COMPUTERS Common 247025109 1,594,885 43,105X X
DELTA AIR LINES INC Common 247361108 333,073 5,780X X
DEVON CORP Common 251799102 232,375 6,500X X
DIAL Common 25247D101 1,670,091 44,910X X
DIAMOND OFFSHORE Common 25271C102 16,599 585X X
DIEBOLD INC Common 25365110 326,744 11,365X X
DIME BANCORP Common 25429Q102 657,283 32,660X X
DOLLAR GENERAL Common 256669102 58 2X X
DLJ SECURITIES Common 257661108 144,600 2,400X X
DCLK 4.75% 3/15/06 1 Common 258609AA4 1,317,686 1,060,000X X
DU PONT E I DE NEMOU Common 26353410 2,179,852 31,910X X
DUKE PWR CO Common 264399106 519,553 9,555X X
DYNATECH CORP. NEW Common 268140100 12,045 3,504X X
EG & G INC Common 26845710 979,688 27,500X X
ENSCO INTL Common 26874Q100 371,735 18,645X X
EVI 5% PFD REGISTERE Common 268939402 3,424,128 88,800X X
EASTMAN KODAK CO Common 277461109 268,290 3,960X X
EGGHEAD.COM INC. Common 282330109 465,400 41,600X X
ENRON CORP Common 293561106 723,896 8,855X X
EQUITY RESIDENTIAL Common 29476L107 1,397,163 31,005X X
ETHAN ALLEN Common 297602104 347,074 9,194X X
EVEREST REINS HLDGS Common 299808105 338,811 10,385X X
EXXON CORP Common 30229010 2,322,619 30,115X X
FAMILY DLR STORES IN Common 30700010 24,000 1,000X X
FGCI 5/75% 10/15/04 Conver 30701AAC0 312,500 500,000X X
FEDERAL HOME MTG Common 31340030 688,460 11,870X X
FED MOGUL 7% PFD, RE Conver 313552408 6,056,936 101,900X X
FEDERAL NATL MTG ASS Common 313586109 2,551,550 37,317X X
FELCOR LODGING TRUST Common 31430F101 351,090 16,920X X
FIFTH THIRD BANCORP Common 316773100 468,933 7,045X X
FIRST TENNESSEE NATL Common 337162101 439,061 11,460X X
FIRSTAR CORP. (NEW) Common 33763V109 2,940 105X X
FLE 6% 2/15/28 REG'D Common 339072407 1,858,950 45,000X X
FLEMING COS INC Common 33913010 261,272 22,475X X
FLM 10.625% 12/15/01 Conver 339130AD8 1,020,000 1,000,000X X
FORD MTR CO DEL Common 34537010 1,765,083 31,275X X
FOX ENTERTAINMENT GR Common 35138T107 635,725 23,600X X
FRONTIER CORP. Common 35906P105 236,000 4,000X X
GTE CORP Common 36232010 662,434 8,745X X
GANNETT INC DEL Common 36473010 583,491 8,175X X
GAP INC Common 36476010 16,976 337X X
GENERAL DYNAMICS COR Common 36955010 948,040 13,840X X
GENERAL ELEC CO Common 36960410 3,827,988 33,876X X
GENERAL NUTRITION Common 37047F103 2,331 100X X
GENERAL SEMICONDUCTO Common 370787103 219,913 24,100X X
GCO 5.5% 4/15/05 REG Conver 371532AL6 463,150 500,000X X
GENZYM 5 1/4% 6-1-05 Conver 372917AF1 3,728,684 2,680,000X X
GLAXO HOLDINGS Common 37733W105 1,420,438 25,085X X
GLOBAL MARINE INC Common 379352404 473,159 30,650X X
GLOBALSTR 8% 2/15/11 Common 379364508 1,187,766 20,700X X
GOLDEN STATE BANCORP Common 381197102 395,340 17,970X X
GOLDEN WEST FINL COR Common 38131710 469,420 4,790X X
GREENPOINT Common 395384100 313,359 9,550X X
GUIDANT CORP Common 401698105 396,840 7,715X X
GULFSTREAM AEROSPACE Common 402734107 727,648 10,770X X
HMTT 5 3/4% 1-15-04 Conver 403917AD9 150,000 400,000X X
HALLIBURTON CO Common 40621610 2,295,080 50,720X X
HLX 4.5% 9/15/04 Conver 40642YAC9 310,000 500,000X X
HARLEY DAVIDSON INC. Common 412822108 11,419 210X X
ITT HARTFORD GROUP I Common 416515104 325,384 5,580X X
HERTZ CORP Common 428040109 551,800 8,900X X
HIBERNIA Common 428656102 869,088 55,400X X
HOME DEPOT Common 43707610 2,404,808 37,320X X
HUSSMANN INT'L INC. Common 448110106 924,188 55,800X X
HUTCHINSON T 6% 2005 Conver 448407AC0 46,752 40,000X X
IBP FOODS Common 449223106 496,375 20,900X X
INTL MINERALS & CHEM Common 449669100 593,963 33,700X X
ITT EDUCATIONAL SERV Common 45068B109 506,916 19,450X X
IXC COMMUNICATION Common 450713102 309,979 7,885X X
ITT (HOT) 6.25% 11/1 Common 450912AA8 491,250 500,000X X
INCO LTD Common 45325840 377,550 20,975X X
INFINITY BROADCASTIN Common 45662S102 2,975 100X X
INGERSOLL RAND CO Common 45686610 932,539 14,430X X
INGRAM MICRO 0% 6/9/ Conver 457153AB0 432,250 1,300,000X X
INSILCO Common 457659704 6,886 293X X
INSIGHT ENTERPRISES Common 45765U103 370,631 14,975X X
IPEC 6.25% 9/14/04 R Conver 45812KAD0 783,800 1,000,000X X
INTEL CORP Common 458140100 3,205,860 53,880X X
INTERIM SRV 4.25% 6/ Conver 45868PAA8 1,038,000 1,200,000X X
INTERMEDIA 7% SERIES Common 458801834 2,490,292 86,800X X
INT'L BUSINESS MACHI Common 459200101 4,141,816 32,045X X
INTERNATIONAL PAPER Common 46014610 1,359,208 26,915X X
INTERNATIONAL RECTIF Common 46025410 66,563 5,000X X
INTUIT Common 461202103 352,839 3,915X X
ISPAT INTERNATIONAL Common 464899103 358,978 32,450X X
JOHNSON & JOHNSON Common 478160104 1,306,340 13,330X X
JOHNSON CTLS INC Common 47836610 683,421 9,860X X
K MART CORP Common 482584109 32,218 1,960X X
KN ENERGY Common 48262010 177,888 13,300X X
KANSAS CITY SOUTHN I Common 48517010 127,625 2,000X X
KAUFMAN & BROAD HOME Common 486168107 925,474 37,205X X
KEY ENERGY Common 492914106 313,856 88,100X X
KEY ENERGY 5% 9/15/0 Conver 492914AF3 633,100 1,000,000X X
KEYCORP Common 493267108 16,063 500X X
KIMBERLY CLARK CORP Common 49436810 1,740,210 30,530X X
KNIGHT TRIMARK Common 499067106 292,214 4,845X X
LTV CORP Common 501921100 361,894 54,115X X
L-3 COMMUNICATIONS Common 502424104 1,079,060 22,335X X
LEHMAN BROTHERS Common 524908100 516,986 8,305X X
LENNAR CORP Common 52605710 475,800 19,825X X
LEXMARK INTL GRP Common 529771107 321,064 4,860X X
LIBERTY FINANCIAL Common 530512102 29 1X X
LILLY ELI & CO Common 532457108 1,745,859 24,375X X
LONGIS PWR 4 1/4% 4- Common 542690JA1 199,226 200,000X X
LOUISIANA PAC CORP Common 54634710 466,213 19,630X X
LUCENT TECHNOLOGIES Common 549463107 1,592,402 23,613X X
MCI WORLDCOM, INC. Common 55268B106 2,289,865 26,607X X
MFS CHARTER INCOME T Common 552727109 11,538 1,300X X
MACK-CALI REALTY Common 554489104 24,750 800X X
MAIL-WELL 5% 11-1-20 Conver 560321AD3 133,988 125,000X X
MARINE DRILLING Common 568240204 245,006 17,900X X
MARSH & MCLENNAN COS Common 57174810 14,119 187X X
MAYTAG CO Common 57859210 574,922 8,250X X
MCDONALDS CORP Common 580135101 1,408,550 34,095X X
MEDIA ONE GROUP, INC Common 58440J104 44,625 600X X
MEDITRUST 7.5% 3/1/0 Conver 58501TAC2 955,000 1,000,000X X
MEDITRUST 7.77% 8/16 Conver 58501UAD7 276,750 300,000X X
MERCK & CO INC Common 589331107 4,308,650 58,225X X
MERRILL LYNCH & CO I Common 590188108 1,315,771 16,460X X
MERRILL LYNCH Common 590188819 13,866 450X X
MESA AIRLINES Common 590479101 347,034 46,175X X
MICROSOFT CORP. Common 594918104 5,693,537 63,130X X
MICROCELL INITIAL WA Common 59501T114 32,000 2,000X X
MICRON 7% 7/1/04 REG Conver 595112AB9 4,371,626 4,270,000X X
S&P MIDCAP 400 SPDRS Common 595635103 2,081,339 26,535X X
MOBIL CORP Common 60705910 495 5X X
MOHAWK INDUS Common 608190104 725,507 23,885X X
MONTANA PWR CO Common 61208510 1,242,210 17,620X X
MORGAN J P & CO INC Common 616880100 291,538 2,075X X
MORGAN STANLEY DEAN Common 617446448 402,313 3,925X X
MOTOROLA INC DEL Common 620076109 2,219,993 23,430X X
NACCO CLASS A Common 62957910 511,928 6,965X X
NETA 0% 2/13/18 REG' Conver 640938AB2 731,250 2,500,000X X
NEWELL 5.25% 12/1/27 Common 651195307 4,209,750 75,000X X
NEWS CORP Common 652487703 948,847 26,870X X
NEXTEL COMMUN. Common 65332V103 75,281 1,500X X
NEXTEL 4.75 7/1/07 1 Conver 65332VAR4 1,210,600 1,000,000X X
99CENTS ONLY STORES Common 65440K106 39,001 781X X
NOKIA CORP. (NEW) Common 654902204 1,533,214 16,745X X
NORTH AMERICAN PALLA Common 656912102 750 1,000X X
NORTHROP CORP Common 66680710 1,295,083 19,530X X
NOVACARE 5.5% 01/15/ Conver 669930AA7 923,700 1,000,000X X
OCCEL WARRANTS 3-15- Common 674608112 34,000 2,000X X
ORACLE SYSTEMS Common 68389X105 103,839 2,797X X
PMC SIERRA Common 69344F106 452,345 7,675X X
PNC BANK CORP. Common 693475105 1,144,144 19,855X X
PACCAR INC Common 693718108 958,081 17,950X X
PAINE WEBBER INC Common 69562910 950,895 20,340X X
PALL CORP Common 696429307 479,250 21,600X X
PARKER HANNIFIN CORP Common 70109410 907,223 19,830X X
PENN TREATY 6.25% 12 Conver 707874AC7 56,480 55,000X X
PEPSICO INC Common 713448108 154,750 4,000X X
PGA 5 3/4% 7-1-04 RE Conver 715338AE9 1,963,740 2,300,000X X
PFIZER INC Common 71708110 2,279,837 20,773X X
PHELPS DODGE CORP Common 71726510 1,443,763 23,310X X
PHILIP MORRIS INC Common 718154107 1,144,138 28,470X X
PHOTRONICS 6% 6-1-04 Conver 719405AA0 76,391 70,000X X
PIOS 6.75% 3/31/28 Conver 723879300 955,000 20,000X X
PITNEY BOWES INC Common 72447910 1,439,200 22,400X X
POTOMAC ELEC PWR CO Common 73767910 353,250 12,000X X
PTEK 5.75% 7/1/04 Conver 74058FAC6 711,300 1,000,000X X
PRIME HOSPITALITY Common 741917108 737,892 61,491X X
PDE 6.25% 2/15/06 Conver 741932AA5 509,050 500,000X X
PROCTER & GAMBLE CO Common 742718109 2,536,039 28,415X X
PROVIDIAN FIN'L Common 74406A102 777,453 8,315X X
PSINET INC. 6.75% RE Common 74437C309 2,404,610 53,000X X
QUANTUM 7% 8-1-04 Common 747906AC9 841,050 890,000X X
RATHEON CLA A (NEW) Common 755111309 276 4X X
RECKSON ASSOC CL B Common 75621K304 139,764 5,854X X
RENT WAY Common 76009U104 436,724 17,735X X
REYNOLDS METALS CO Common 76176310 1,218,940 20,660X X
RISCORP. INC. CL A Common 767597107 82,500 50,000X X
RITE AID 5.25% 9/15/ Conver 767754AL8 3,168,234 3,180,000X X
ROCKWELL INTL CORP Common 773903109 800,685 13,180X X
ROWAN COS INC Common 779382100 243,375 13,200X X
ROYAL DUTCH PETE CO Common 780257804 1,406,235 23,340X X
SOUTHWESTERN BELL Common 78387G103 1,081,120 18,640X X
SDL INC. Common 784076101 347,225 6,800X X
S3 INC. Common 784849101 363,977 40,025X X
SIII 5/75% 10/01/03 Conver 784849AC5 855,000 1,000,000X X
SBTK 6% 4/14/05 Conver 78571UAA6 342,500 500,000X X
SAFESKIN CORP. Common 786454108 882,000 73,500X X
SAFEWAY Common 786514208 1,758,240 35,520X X
SCHERING PLOUGH CORP Common 80660510 970,695 18,315X X
SCHLUMBERGER LTD Common 80685710 2,866 45X X
SEAGATE TECHNOLOGY Common 811804103 314,291 12,265X X
SEALED AIR CORP Common 81211K100 32,438 500X X
SEALED AIR $2 PFD Common 81211K209 7,031,115 113,625X X
SEPRACOR 7% 12/15/05 Conver 817315AF1 2,731,680 2,800,000X X
SHOPKO STORES Common 824911101 613,531 16,925X X
SKYWEST INC. Common 830879102 705,731 28,300X X
SMITH INTERNATIONAL Common 832110100 570,552 13,135X X
ELF AQUITAINE GROUP Common 833658404 79,080 1,075X X
SOLUTIA INC. Common 834376105 1,467,685 68,865X X
SONY Common 83569930 16,556 150X X
SOUTHWEST AIRLS CO Common 84474110 667,974 21,461X X
STAPLES Common 855030102 1,111,894 35,940X X
STORAGE TECHNOLOGY C Common 862111200 152,425 6,700X X
SUIZA 5.5% REGISTERE Common 86507G408 4,624,790 120,500X X
SUMMIT BANCORP Common 866005101 20,906 500X X
SUN MICROSYSTEMS Common 866810104 199,738 2,900X X
SUNTRUST BKS Common 86791410 474,605 6,835X X
TENNECO INC Common 88037E101 936,736 39,235X X
TEXACO INC Common 881694103 1,048,000 16,768X X
TEXAS INSTRS INC Common 88250810 1,516,700 10,460X X
TIME WARNER Common 887315109 1,297,275 17,650X X
TORO CO Common 89109210 767,419 19,490X X
TOSCO 5.75% REG'D Common 891491409 4,202,168 87,200X X
TOWER AUTO 6.75 PFD Common 891706301 6,941,100 136,100X X
TRIARC (TRY) 0% 2-09 Common 895927AB7 490,000 2,000,000X X
TRIZEC HAHN CORP. Common 896938107 1,019 50X X
TZ AXTECA Common 901145102 5,188 1,000X X
TYCO INTL LTD. Common 902124106 33,163 350X X
UAL INC Common 902549500 822,250 12,650X X
USX MARATHON GROUP Common 90290582 822,203 25,250X X
USG CORP Common 903293405 808,080 14,430X X
UNION CARBIDE CORP Common 905581104 424,856 8,715X X
UNP 6 1/4% 4-1-28 PF Common 907824403 3,225,456 62,400X X
URI 6 1/2% 8/1/28 RE Common 91136H306 4,180,500 92,900X X
U S AIR GROUP INC Common 91190510 176,864 4,060X X
UNITED TECHNOLOGIES Common 91301710 1,321,559 18,435X X
VALENCE TECH Common 918914102 247,321 33,535X X
VALLEY NATIONAL BANC Common 919794107 12,363 430X X
VIA WTS 7-7-1999 Common 925524134 2,387 129X X
VIACOM CL B Common 925524308 1,679,744 38,176X X
WMS INDUSTRIES Common 92929710 527,000 31,000X X
WAL MART STORES INC Common 93114210 3,616,482 74,953X X
WARNER LAMBERT CO Common 934488107 1,556,775 22,440X X
USA WASTE 4% 2-1-02 Common 94106LAA7 5,720,250 4,350,000X X
WEATHERFORD INTL. (N Common 947074100 1,831 50X X
WHOLE FOODS MARKET I Common 966837106 7,209 150X X
WHOLE FOODS 0% 3/2/1 Conver 966837AC0 741,200 2,000,000X X
WICKES 11.625% 12-15 Conver 967446AA3 258,750 300,000X X
WILLIAMS COS Common 969457100 1,045,207 24,557X X
WINSTAR COMMUNICATIO Common 975515107 19,500 400X X
WINSTAR COMM 6% PFD Common 975515602 6,213,982 117,511X X
VENATOR 7% 6/1/00 Conver 980883AD4 488,100 500,000X X
WRC 6% 10/1/07 Conver 981443AA2 3,474,000 3,600,000X X
XILINX INC Common 983919101 34,350 600X X
XEROX CORP Common 984121103 1,801,702 30,505X X
DAIMLER-CHRYSLER (NE Common D1668R123 2,288,976 25,755X X
LORAL SPACE & COMM. Common G56462107 234,900 13,050X X
LORAL PFD 6% RGD 11/ Common G56462149 5,854,125 116,500X X
TRANSOCEAN OFFSHORE Common G90076103 438,638 16,710X X
GILAT SATELLITE Common M51474100 928,200 17,680X X
NEW HOLLAND Common N62648105 352,347 20,575X X
Total Value of Shares 355,189,840
</TABLE>
