<TABLE> <C> <C>
Name of Issuer Class Cusip FMV Shares Sole|Sh-In|Sh-Oth Mgrs. Sole|Shar|None
CASH Common 0 0X X
CONVERTIBLE BOND ACC Conver 0 272,439X X
ADRIEN ARPEL INC. Common 311 4,187X X
STANDARD AUTOMOTIVE Common 593,750 50,000X X
CITIGROUP (NEW) Common 8,783 175X X
GENENTECH INC (NEW) Common 73,156 500X X
EUROTUNNELL ADR Common 6,250 2,000X X
HUDSON UNITED Common 18,488 600X X
LTC HEALTCARE INC. Common 2,006 1,070X X
MUNDER NETNET FUND Common 514,174 12,251X X
NOKIA CORP ADR Common 7,788 50X X
PHILLIPS PETE Common 34,125 700X X
RECKSON SERVICES Common 63,250 4,000X X
VIDEO CITY INC Common 109 125X X
AAR CORP Common 00036110 24,750 1,375X X
AES 5 1/2% 9/30/12 R Common 001034305 4,800,504 83,400X X
AES CORP Common 00130H105 52,510 890X X
AMC ENTERTAINMENT Common 001669100 13,589 975X X
AMERICAN TEL & TELEG Common 001957109 3,063,792 70,432X X
AVX CORP Common 002444107 576,050 16,400X X
APRIA HLT 9 1/2% 11- Conver 002786AB7 998,800 1,000,000X X
ABBOTT LABS Common 00282410 20,948 570X X
ABITIBI Common 003924107 6,212 515X X
ACX TECH Common 005123104 351,500 37,000X X
ADAPTEC INC Common 00651F108 3,969 100X X
AETNA CAPITAL 9.5% P Common 008095200 11,728 450X X
ACS 4% 3/15/05 Conver 008190AD2 3,636,668 3,220,000X X
AGNCO EGL 3 1/2% 1-2 Common 008474AA6 272,000 425,000X X
ALASKA AIR GROUP Common 011659109 17,903 440X X
ALBERTSONS INC Common 01310410 10,326 261X X
ALCOA INC. Common 013817101 1,241 20X X
ALLIED SIGNAL Common 01951210 2,697 45X X
ALLMERICA FINANCIAL Common 019754100 19,050 400X X
ALLSTATE CORP Common 020002101 4,988 200X X
ALLTEL Common 020039103 21,113 300X X
AMAZON.COM INC. Common 023135106 15,988 200X X
AMAZON 4.75% 2/1/09 Conver 023135AF3 5,166,591 4,390,000X X
AMERICA ONLINE Common 02364J104 438,880 4,220X X
AMERICAN EXPRESS CO Common 025816109 2,520,180 18,720X X
AMERICAN INTL GROUP Common 026874107 1,584,001 18,220X X
AMERIN CORP Common 03070X106 11,663 435X X
AMERISERV 8.875% 10/ Conver 03072JAC9 259,050 330,000X X
AMKOR 5.75% 5/1/03 Conver 031652AA8 3,596,320 2,800,000X X
ANHEUSER BUSCH COS I Common 03522910 1,437,332 20,515X X
ANIXTER INTL (ITEL C Common 035290105 7,208 310X X
APACHE CORP Common 03741110 1,263,234 29,250X X
APPLE COMPUTER INC Common 037833100 35,455 560X X
APPLIED MATERIALS Common 038222105 426,893 5,495X X
HYSL 4.5% 3/15/02 Conver 038918AC2 370,650 500,000X X
ARVIN INDS INC Common 04333910 349,748 11,305X X
ASHLAND OIL INC Common 044204105 4,035 120X X
AZPN 5.25% 6/15/05 R Conver 045327AB9 409,500 650,000X X
AT HOME Common 045919107 207,500 5,000X X
ELAN 4.75 11/15/04 R Conver 046854AB1 4,998,375 4,443,000X X
ATLAS AIR Common 049164106 19,797 905X X
ATML 3.25% 6/1/02 14 Conver 04951PAA3 2,734,930 2,350,000X X
AVIATION SALES Common 053672101 366,700 19,300X X
AVIS RENT-A-CAR Common 053790101 8,246 395X X
AZTEC TECHNOLOGY Common 05480L101 59,727 34,750X X
BISYS GROUP Common 055472104 553,494 11,800X X
BALL CORP Common 05849810 958,359 21,750X X
BANKAMERICA CORP (NE Common 060505104 59,029 1,060X X
BANK NEW YORK INC Common 06405710 293,414 8,775X X
BANK OF TOKYO MITSUB Common 065379109 45,938 3,000X X
BARRICK GOLD Common 067901108 21,206 975X X
BARRETT RESOURCES Common 068480201 451,192 12,215X X
BAXTER TRAVENOL LABS Common 071813109 597,379 9,915X X
BE AEROSPACE INC Common 073302101 857,232 71,810X X
BEA SYSTEMS Common 073325102 501,438 14,200X X
BSC 8.25 2/1/02 Conver 073902AE8 25,721 25,000X X
BELL ATLANTIC Common 077853109 1,780,752 26,455X X
BELLSOUTH CORP Common 07986010 622,575 13,835X X
BIOGEN INC Common 090597105 529,226 6,715X X
BLACK & DECKER MFG C Common 09179710 916,491 20,060X X
BLOCKBUSTER Common 093679108 191,250 15,000X X
BOEING CO Common 097023105 1,474,399 34,590X X
BOLLE INC. Common 097937106 937 333X X
BRIGHTPOINT 0% 3-11- Common 109473AC2 422,275 1,750,000X X
BRISTOL MYERS CO Common 110122108 2,137,050 31,660X X
BUDGET 6.25% 6/15/05 Common 119001303 468,456 14,900X X
BUILDING ONE SVCS (N Common 120114103 2,864 235X X
BURLINGTON COAT Common 12157910 12,344 625X X
CBS CORP. Common 12490K107 55,500 1,200X X
CFS BANCORP Common 12525D102 7,567 725X X
CHSE ELECTRONICS (NE Common 12542A20 1,200 835X X
CKE REST 4 1/4% 3-12 Common 12561EAB1 578,072 880,000X X
CNET 5% 3/1/06 REG' Common 125945AC9 4,435,999 2,710,000X X
CABOT CORP Common 12705510 602,063 25,350X X
CADENCE DESIGN Common 12738710 8,083 610X X
CAL ENEGRY 6 1/2% PF Common 12946N309 5,270,179 125,840X X
CAMPBELL SOUP CO Common 13442910 8,999 230X X
CN NAT'L RLWY Common 136375102 659,297 21,750X X
CAPITAL AUTO REIT Common 139733109 61,875 5,000X X
CAPITAL ONE FINANCIA Common 14040H105 1,006,005 25,795X X
CARPENTER TECHNOLOGY Common 14428510 384,650 15,700X X
CELGENE CORP Common 151020104 236,797 8,750X X
CENDANT Common 151313103 3,994 225X X
CENTERPOINT PRPTYS C Common 151895109 16,531 500X X
CENTRAL GARDEN 6% 11 Conver 153527AC0 538,357 767,000X X
CHAMPION INTL CORP Common 15852510 26,458 515X X
CHANCELLOR MEDIA PFD Common 158915405 14,738 150X X
CHASE MANHATTAN NEW Common 16161A108 2,923,419 38,785X X
CHASE MANHATTAN Common 16161A306 11,250 450X X
CHECKPOINT SYSTEMS 5 Conver 162825AB9 185,625 250,000X X
CHESAPEAKE CORP VA Common 16515910 435,600 14,400X X
CHEVRON Common 16675110 1,853,544 20,885X X
CQB PRF 3.75 Common 170032502 1,502,725 48,475X X
CIRCUIT CITY STORES Common 17273710 491,484 11,650X X
CIRRUS LOGIC Common 172755100 256,575 23,325X X
CRUS 6% 12/15/03 Conver 172755AC4 483,470 650,000X X
CISCO SYSTEMS Common 17275R102 939,443 13,702X X
CITIGROUP (NEW) Common 172967101 2,597,408 59,032X X
CITRIX 0% 3/22/19 RE Conver 177376AB6 1,792,280 3,700,000X X
CITY NATIONAL Common 178566105 576,604 17,180X X
CLEAR CHANNEL Common 184502102 92,415 1,157X X
COCA-COLA COMPANY Common 191216100 771,163 16,045X X
COLGATE PALMOLIVE CO Common 19416210 1,960,388 42,850X X
COLONIAL BANK Common 195493309 1,175 105X X
COLUMBIA ENERGY GROU Common 19764810 300,963 5,435X X
COMAIR HLDG Common 199789108 6,258 375X X
COMCAST CORP CLASS A Common 200300200 2,051,768 51,455X X
COMMERCIAL FED Common 201647104 2,748 140X X
COMPAQ COMPUTER Common 204493100 22,938 1,000X X
COMPUTER ASSOCIATES Common 204912109 3,981 65X X
COMPUTER SCIENCES CO Common 20536310 9,844 140X X
COMVERSE 4 1/2% 7/1/ Common 205862AG0 7,030,157 3,103,000X X
CONOCO CLASS A Common 208251306 4,163 150X X
CONOCO CLASS B Common 208251405 18,478 675X X
CONSECO INC Common 208464107 15,064 780X X
CONSOLIDATED EDISON Common 209115104 6,848 165X X
CONTINENTAL AIR CL B Common 210795308 557,569 17,025X X
CONVERSION INDUS (NE Common 21254K203 5 400X X
ADOLPH COORS (NEW) Common 217016104 414,598 7,660X X
CORDANT TECH Common 218412104 834,748 27,425X X
CORNING GLASS WKS Common 219350105 973,588 14,200X X
CORPORATE EXPRESS Common 219888104 244,563 26,000X X
COVENANT TRANSPORT Common 22284P105 369,050 24,200X X
ZNET Common 232503102 7,625 500X X
CYMI 3 1/2% 8-6-04 R Common 232572AC1 633,750 650,000X X
DII GROUP INC. Common 232949107 22,872 650X X
DR HORTON Common 23331A109 433,212 33,485X X
DAL TILE INTL Common 23426R108 5,358 675X X
DGN 6% 5/15/04 Conver 237688AG1 3,800,745 3,650,000X X
DAYTON HUDSON CORP Common 23975310 2,102 35X X
DEAN FOODS CO Common 24236110 2,614 60X X
DELL COMPUTERS Common 247025109 1,866,928 44,650X X
DIAL Common 25247D101 1,492,770 58,540X X
DIAMOND OFFSHORE Common 25271C102 19,524 585X X
DIME BANCORP Common 25429Q102 4,375 250X X
DISNEY WALT PRODTNS Common 25468710 20,959 810X X
DOLLAR GENERAL Common 256669102 62 2X X
DLJ SECURITIES Common 257661108 41,541 1,050X X
DCLK 4.75% 3/15/06 1 Common 258609AA4 2,898,765 1,850,000X X
DOW CHEM CO Common 26054310 1,865,723 16,420X X
DU PONT E I DE NEMOU Common 26353410 908,499 14,924X X
DUKE PWR CO Common 264399106 533,059 9,670X X
DYNATECH CORP. NEW Common 268140100 150 30X X
ENSCO INTL Common 26874Q100 716,539 39,670X X
EVI 5% PFD REGISTERE Common 268939402 4,025,600 108,800X X
EASTMAN KODAK CO Common 277461109 294,583 3,905X X
EATON CORP Common 27805810 1,234,269 14,300X X
ENBX 7.25% 6/1/04 RE Conver 282577AC9 382,500 750,000X X
ELTR BOUTIQUE Common 286045109 238,188 9,250X X
ELF AQUITAINE GROUP Common 286269105 54,975 600X X
ENGELHARD CORP Common 29284510 5,456 300X X
ENHANCE FIN'L SVCS Common 293310108 3,538 200X X
ENRON CORP Common 293561106 1,438,594 34,875X X
EQUITY RESIDENTIAL Common 29476L107 1,234,172 29,125X X
EVEREST REINS HLDGS Common 299808105 3,929 165X X
EXXON CORP Common 30229010 2,371,908 31,235X X
FPL GROUP INC Common 30257110 2,519 50X X
FAMILY DLR STORES IN Common 30700010 35,384 1,675X X
FED MOGUL 7% PFD, RE Conver 313552408 4,120,000 103,000X X
FEDERAL NATL MTG ASS Common 313586109 2,020,230 32,227X X
FEDERATED STORES Common 31410H101 697,908 15,975X X
FIDELITY NAT'L FIN'L Common 316326107 5,543 365X X
FIFTH THIRD BANCORP Common 316773100 719,477 11,825X X
FIRST SECURITY CORP Common 33629410 347,920 14,630X X
FIRST UNION CORP Common 337358105 2,667 75X X
FIRSTAR CORP. (NEW) Common 33763V109 2,691 105X X
FLEET FINL GROUP INC Common 338915101 572,815 15,640X X
FLE 6% 2/15/28 REG'D Common 339072407 3,038,745 86,500X X
FLEMING COS INC Common 33913010 231,575 23,600X X
FLM 10.625% 12/15/01 Conver 339130AD8 688,500 680,000X X
FORD MTR CO DEL Common 34537010 614,697 12,248X X
FORT JAMES CORP. Common 347471104 10,008 375X X
FOX ENTERTAINMENT GR Common 35138T107 15,844 750X X
GENERAL PUBLIC UTILI Common 36225X100 1,468 45X X
GTE CORP Common 36232010 63,038 820X X
GANNETT INC DEL Common 36473010 589,823 8,525X X
GAP INC Common 36476010 10,784 337X X
GENERAL CABLE Common 369300108 10,000 625X X
GENERAL DYNAMICS COR Common 36955010 2,277,720 36,480X X
GENERAL ELEC CO Common 36960410 4,034,800 34,031X X
GCO 5.5% 4/15/05 REG Conver 371532AL6 430,000 500,000X X
GENZYME Common 372917104 1,667 37X X
GENZYM 5 1/4% 6-1-05 Conver 372917AF1 4,079,152 3,080,000X X
GEORGIA PAC CORP Common 37329810 12,758 315X X
GILLETTE Common 375766102 26,641 785X X
GLAXO HOLDINGS Common 37733W105 1,184,040 22,770X X
GLOBAL MARINE INC Common 379352404 327,928 19,950X X
GLOBALSTR 8% 2/15/11 Common 379364805 1,182,591 20,700X X
GLOBAL TELESYST 7.25 Common 37936U609 2,933,967 74,980X X
GOLDEN STATE BANCORP Common 381197102 18,834 1,050X X
GOLDEN WEST FINL COR Common 38131710 5,895 60X X
HBO & COMPANY Common 404100109 9,037 315X X
HAIN FOOD GP Common 405219106 438,694 17,725X X
HALLIBURTON CO Common 40621610 2,285,545 55,745X X
HLX 4.5% 9/15/04 Conver 40642YAC9 315,000 500,000X X
HARLEY DAVIDSON INC. Common 412822108 5,006 100X X
HARTFORD LIFE Common 416592103 515,894 10,475X X
HELIX TECH Common 423319102 673,313 20,250X X
HOME DEPOT Common 43707610 2,164,433 31,540X X
HUGHES SUPPLY Common 44448210 347,456 15,975X X
HUSSMANN INT'L INC. Common 448110106 6,375 375X X
HUTCHINSON 6% 2005 R Conver 448407AC0 45,276 40,000X X
HVIDE MARINE 6.5% PF Common 448513408 74,268 4,870X X
ICG COMMUNICATION Common 449246107 381,281 24,500X X
ITT (HOT) 6.25% 11/1 Common 450912AA8 328,739 335,000X X
ILLINOIS TOOL WKS IN Common 45230810 1,491 20X X
INDEPENDENCE CMMNTY Common 453414104 9,252 775X X
INFINITY BROADCASTIN Common 45662S102 2,931 100X X
INGERSOLL RAND CO Common 45686610 715,561 13,025X X
INSILCO Common 457659704 7,728 293X X
IPEC 6.25% 9/14/04 R Conver 45812KAD0 469,625 650,000X X
INTEL CORP Common 458140100 3,767,272 50,695X X
INTERMEDIA 7% SERIES Common 458801834 2,259,400 102,700X X
INT'L BUSINESS MACHI Common 459200101 3,945,294 32,505X X
INTERNATIONAL PAPER Common 46014610 1,378,433 28,680X X
INTERNATIONAL RECTIF Common 46025410 76,250 5,000X X
INTL SPECIALTY PDTS Common 460337108 5,317 535X X
INTIMATE BRANDS Common 461156101 475,038 12,200X X
JLG INDUSTRIES Common 466210101 5,468 360X X
JOHNSON & JOHNSON Common 478160104 2,357,972 25,665X X
JUST FOR FEET Common 48213P106 2,539 625X X
KN ENERGY Common 48262010 6,170 275X X
KANSAS CITY SOUTHN I Common 48517010 92,875 2,000X X
KAUFMAN & BROAD HOME Common 486168107 1,143,038 55,420X X
KEANE INC Common 486665102 9,125 400X X
KELL 5.75% 10/15/02 Conver 488035AC0 661,500 900,000X X
KEY ENERGY Common 492914106 358,463 72,600X X
KEY ENERGY 5% 9/15/0 Conver 492914AF3 472,752 670,000X X
KEYCORP Common 493267108 12,906 500X X
KIMBERLY CLARK CORP Common 49436810 2,192,663 41,765X X
K-MART 7 3/4% PFD T Common 498778208 23,813 500X X
KNIGHT TRIMARK Common 499067106 148,125 5,000X X
LTV CORP Common 501921100 6,797 1,250X X
LSI LOGIC CORP Common 502161102 412,258 8,005X X
LAFARGE CORP Common 50586210 8,031 250X X
ESTEE LAUDER Common 518439104 529,883 13,565X X
LEAR CORP Common 521865105 416,972 11,850X X
LEARNING COMPANY Common 522008101 7,905 255X X
LEHMAN BROTHERS Common 524908100 494,782 8,485X X
LENNAR CORP Common 52605710 18,089 1,135X X
LVLT 6% 9/15/2009 (R Conver 52729NAG5 3,391,500 3,400,000X X
LIBERTY FINANCIAL Common 530512102 22 1X X
LILLY ELI & CO Common 532457108 1,588,160 24,815X X
LITTON INDS INC Common 53802110 896,531 16,375X X
LONGIS PWR 4 1/4% 4- Common 542690JA1 188,238 200,000X X
LONGS DRUG STORES IN Common 54316210 453,353 15,175X X
LOUISIANA PAC CORP Common 54634710 696,172 44,555X X
LUCENT TECHNOLOGIES Common 549463107 2,174,610 33,520X X
MCI WORLDCOM, INC. Common 55268B106 2,193,050 30,512X X
MFS CHARTER INCOME T Common 552727109 10,563 1,300X X
MACK-CALI REALTY Common 554489104 10,055 375X X
MAIL-WELL 5% 11-1-20 Conver 560321AD3 122,038 125,000X X
MANDALAY RESORT Common 562567107 591,809 29,965X X
MANITOWOC CO Common 563571108 556,238 16,300X X
MARINE DRILLING Common 568240204 238,769 15,100X X
MARSH & MCLENNAN COS Common 57174810 6,850 100X X
MASCO CORP Common 57459910 1,860 60X X
MCDONALDS CORP Common 580135101 1,432,330 33,310X X
MEDIA ONE GROUP, INC Common 58440J104 40,988 600X X
MEDITRUST 7.5% 3/1/0 Conver 58501TAC2 910,000 1,000,000X X
MEDITRUST 7.77% 8/16 Conver 58501UAD7 273,000 300,000X X
MELLON BANK CORP Common 58550910 480,938 14,250X X
MENS WEARHOUSE Common 587118100 10,428 485X X
MERCK & CO INC Common 589331107 3,561,447 54,950X X
MERRILL LYNCH & CO I Common 590188108 1,072,648 15,965X X
MERRILL LYNCH Common 590188819 13,725 450X X
MESA AIRLINES Common 590479101 202,431 33,050X X
METROMEDIA FIBER Common 591689104 303,188 12,375X X
MICHAELS STORES Common 594087108 10,768 365X X
MICROSOFT CORP. Common 594918104 5,925,957 65,435X X
MICROCHIP Common 595017104 25,688 500X X
MICROCELL INITIAL WA Common 59501T114 32,000 2,000X X
S&P MIDCAP 400 SPDRS Common 595635103 2,844,918 39,685X X
MILACRON INC. Common 598709103 495,225 27,900X X
MILLIPORE CORP. Common 60107310 1,040,106 27,690X X
MITEL CORP Common 60671110 4,763 600X X
MOBIL CORP Common 60705910 18,135 180X X
MOHAWK INDUS Common 608190104 917,524 46,020X X
MONTANA PWR CO Common 61208510 908,103 29,835X X
MORGAN J P & CO INC Common 616880100 157,094 1,375X X
MORGAN STANLEY DEAN Common 617446448 1,224,544 13,730X X
MORRISON KNUDSEN Common 61844A109 244,406 23,700X X
MOTOROLA INC DEL Common 620076109 2,639,560 29,995X X
MYLAN LABS Common 62853010 7,809 425X X
NTLI 7% 12/15/08 Conver 629407AL1 1,480,131 870,000X X
NATL DISCNT BROKERS Common 635646102 52,875 2,000X X
NETWORK ASSOCIATES Common 640938106 545,349 28,515X X
NETA 0% 2/13/18 REG' Conver 640938AB2 517,390 1,550,000X X
NEW YORK TIMES Common 650111107 14,063 375X X
NEWPORT NEWS SHPBLDG Common 652228107 18,903 585X X
NEWS CORP Common 652487703 687,334 24,170X X
NEXTEL COMMUN. Common 65332V103 101,719 1,500X X
NEXTEL 4.75 7/1/07 R Conver 65332VAR4 3,685,035 2,350,000X X
99CENTS ONLY STORES Common 65440K106 28,214 781X X
NOKIA CORP. (NEW) Common 654902204 1,956,116 21,780X X
NORTH AMERICAN PALLA Common 656912102 2,270 1,000X X
NORTHROP CORP Common 66680710 815,507 12,830X X
NORTHWEST AIRLINES Common 667280101 474,300 18,600X X
NOVACARE 5.5% 01/15/ Conver 669930AA7 606,350 670,000X X
OCCEL WARRANTS 3-15- Common 674608112 34,000 2,000X X
OCEAN ENERGY Common 674812201 9,831 965X X
OLD REPUBLIC INTL CO Common 680223104 4,476 310X X
ORACLE SYSTEMS Common 68389X105 127,264 2,797X X
ORBITAL SCIENCES Common 685564106 7,700 440X X
OUTBACK STEAKHOUSE Common 689899102 12,352 485X X
PMC SIERRA Common 69344F106 353,813 3,825X X
PNC BANK CORP. Common 693475105 28,715 545X X
PAINE WEBBER INC Common 69562910 756,538 20,870X X
PALL CORP Common 696429307 849,242 36,625X X
SUPMKT 9.625% 5/01/0 Conver 70321BAB6 325,875 330,000X X
PENN TREATY 6.25% 12 Conver 707874AC7 51,975 55,000X X
PEOPLES HERITAGE Common 711147108 4,988 300X X
PEPSICO INC Common 713448108 146,713 4,850X X
PGA 5 3/4% 7-1-04 RE Conver 715338AE9 287,240 400,000X X
PFIZER INC Common 71708110 1,806,003 50,254X X
PMOR 11.72 9/11/02 Conver 717113AA2 394,000 400,000X X
PHELPS DODGE CORP Common 71726510 482,072 8,755X X
PHILIP MORRIS INC Common 718154107 1,012,463 29,615X X
PHOTRONICS 6% 6-1-04 Conver 719405AA0 72,016 70,000X X
PIOS 6.75% 3/31/28 Conver 723879300 1,473,698 27,100X X
PITNEY BOWES INC Common 72447910 1,373,531 22,540X X
PLATINUM TECHNOLOGY Common 72764T101 16,747 575X X
PRECISION CAST PARTS Common 740189105 10,065 330X X
PRIME HOSPITALITY Common 741917108 312,000 39,000X X
PROCTER & GAMBLE CO Common 742718109 1,465,313 15,630X X
PROVIDIAN FIN'L Common 74406A102 686,556 8,670X X
PSINET INC. 6.75% RE Common 74437C309 2,337,300 58,800X X
QMDC 5.25% 5/1/05 Conver 74730WAC5 550,000 1,100,000X X
QUALCOM 5.75 PFD REG Common 74752R402 85,836 600X X
RAL 7% 8/1/00 Common 751277401 2,425,200 51,600X X
RATHEON CLA A (NEW) Common 755111309 194 4X X
RAYTHEON Common 755111408 1,116,314 22,495X X
RECKSON ASSOC CL B Common 75621K304 128,056 5,854X X
REPT 6.75% 8/1/04 RE Conver 76026WAA7 300,000 600,000X X
REYNOLDS METALS CO Common 76176310 370,401 6,135X X
RISCORP. INC. CL A Common 767597107 87,000 50,000X X
RLC CORP Common 775741101 6,328 625X X
ROSS STORES Common 778296103 445,869 22,155X X
ROWAN COS INC Common 779382100 658,288 40,510X X
ROYAL DUTCH PETE CO Common 780257804 2,035,589 34,465X X
SOUTHWESTERN BELL Common 78387G103 946,954 18,545X X
S3 INC. Common 784849101 324,084 31,050X X
SIII 5/75% 10/01/03 Conver 784849AC5 619,500 700,000X X
SAFESKIN CORP. Common 786454108 604,078 73,500X X
SAFEWAY Common 786514208 1,002,566 26,340X X
SALOMON SB 6.625 6/1 Conver 79549BBX4 30,137 30,000X X
SANMINA 4.25 5/1/04 Conver 800907AA5 2,009,340 1,800,000X X
SAWTECH Common 805468105 627,375 17,925X X
SCHERING PLOUGH CORP Common 806605101 800,083 18,340X X
SCHLUMBERGER LTD Common 80685710 5,297 85X X
SCHOLASTIC CORP. Common 807066105 4,750 95X X
CHARLES SCHWAB Common 808513105 134,750 4,000X X
SEAGATE TECHNOLOGY Common 811804103 20,644 670X X
SEALED AIR CORP Common 81211K100 25,656 500X X
SEALED AIR $2 PFD Common 81211K209 6,142,019 121,025X X
SEPRACOR 7% 12/15/05 Conver 817315AH7 3,717,600 4,000,000X X
SIMPSON MFG Common 829073105 11,484 245X X
SKYWEST INC. Common 830879102 603,610 27,515X X
SMITH INTERNATIONAL Common 832110100 601,425 14,850X X
SNAP ON INC Common 833034101 897,325 27,610X X
SOLUTIA INC. Common 834376105 1,497,836 83,795X X
SONY Common 83569930 22,509 150X X
SOUTHWEST AIRLS CO Common 84474110 5,452 359X X
SOVEREIGN BANCORP Common 84590510 7,275 800X X
STAFFMARK Common 852389105 6,747 850X X
STAPLES Common 855030102 1,491,866 68,395X X
STATEN ISLAND BANCOR Common 857550107 7,995 425X X
STORAGE TECHNOLOGY C Common 862111200 146,781 7,625X X
SUIZA 5.5% REGISTERE Common 86507G408 4,525,102 127,900X X
SUMMIT BANCORP Common 866005101 16,219 500X X
SUN MICROSYSTEMS Common 866810104 813,750 8,750X X
SUNDSTRAND CORP Common 86732310 32,172 465X X
SUNTRUST BKS Common 86791410 732,126 11,135X X
SUPER VALU STORES IN Common 868536103 466,788 21,400X X
TCF FINANCIAL Common 872275102 15,709 550X X
TJX COMPANY Common 872540109 564,758 20,125X X
TEREX CORP Common 880779103 13,388 425X X
TEXACO INC Common 881694103 1,075,398 17,036X X
TEXAS INSTRS INC Common 88250810 2,530,421 30,765X X
TEXTRON INC Common 88320310 986,531 12,750X X
TIME WARNER Common 887315109 1,929,724 31,765X X
TIMES MIRROR CO Common 887364107 12,833 195X X
TOSCO 5.75% REG'D Common 891491409 4,295,390 93,500X X
TOWER AUTO 6.75 PFD Common 891706301 6,325,345 149,500X X
TRAVELERS PROPERTY Common 893939108 14,308 485X X
TRAVELERS GROUP Common 894190107 13,688 365X X
TRINITY INDUSTRIES I Common 896522109 11,578 375X X
TRIZEC HAHN CORP. Common 896938107 947 50X X
TZ AXTECA Common 901145102 5,000 1,000X X
TYCO INTL LTD. Common 902124106 607,626 5,885X X
UAL INC Common 902549500 610,672 9,350X X
UCAR INTERNATIONAL Common 90262K109 11,406 500X X
USX CORP (X) 6.75% Common 902905793 1,130,850 107,700X X
USX MARATHON GROUP Common 90290582 742,950 25,400X X
USG CORP Common 903293405 6,175 130X X
USX CORP Common 90337T101 12,875 500X X
UNION PACIFIC CORP Common 90781810 2,163 45X X
UNP 6 1/4% 4-1-28 PF Common 907824403 3,376,272 74,400X X
UNISYS CORP Common 909214108 38,356 850X X
UNITED HEALTHCARE Common 910581107 2,921 60X X
URI 6 1/2% 8/1/28 RE Common 91136H306 3,777,150 101,400X X
U S AIR GROUP INC Common 91190510 17,456 665X X
UNITED TECHNOLOGIES Common 91301710 1,882,282 31,735X X
US FREIGHTWAYS INC. Common 916906100 618,007 13,045X X
VALENCE TECH Common 918914102 163,771 35,410X X
VNTV 4.75% 9/1/02 Conver 922091AC7 712,500 1,000,000X X
VIACOM CL B Common 925524308 1,632,709 38,644X X
VISX INC. Common 92844S105 59,320 750X X
WMS INDUSTRIES Common 92929710 360,375 31,000X X
WMI 2% 1/24/05 Conver 92929QAF4 287,000 350,000X X
WAL MART STORES INC Common 93114210 3,569,946 75,058X X
WARNER LAMBERT CO Common 934488107 1,542,290 23,236X X
WASH FED INC. Common 938824109 9,855 425X X
WEATHERFORD INTL. (N Common 947074100 327,680 10,240X X
WESTINGHOUSE AIR BRA Common 960386100 10,185 560X X
WHOLE FOODS MARKET I Common 966837106 13,088 400X X
WICKES 11.625% 12-15 Conver 967446AA3 252,000 300,000X X
WILLIAMS COS Common 969457100 986,066 26,339X X
WINSTAR COMMUNICATIO Common 975515107 15,625 400X X
WINSTAR COMM 6% PFD Common 975515602 5,505,902 129,368X X
VENATOR 7% 6/1/00 Conver 980883AD4 475,000 500,000X X
WORKFLOW MGMT. Common 98137N109 9,100 700X X
WRC 6% 10/1/07 Conver 981443AA2 2,845,260 2,700,000X X
XILINX INC Common 983919101 39,319 600X X
XEROX CORP Common 984121103 25,792 615X X
XTRA CORP Common 98413810 447,188 11,250X X
ZIFF DAVIS Common 989511209 10,656 500X X
DAIMLER-CHRYSLER (NE Common D1668R123 22,220 320X X
GLOBALSTAR Common G3930H104 12,420 540X X
LORAL SPACE & COMM. Common G56462107 226,703 13,190X X
LORAL PFD 6% RGD 11/ Common G56462149 5,930,415 121,500X X
SANTA FE INT'L Common G7805C108 10,458 485X X
TRANSOCEAN OFFSHORE Common G90076103 506,384 16,535X X
GILAT SATELLITE Common M51474100 847,275 15,800X X
NEW HOLLAND Common N62648105 401,200 25,075X X
Total Value of Shares343,420,172
</TABLE>
