UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, C.C 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 1999
Institutional Investment Manager Filing this Report:
Name: RS Investment Management, L.P.
Address: 388 Market Street, Ste. 200
San Francisco, CA 94111
13F File Number: 28-5452
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: George Randall Hecht
Title: CEO
Phone: (415) 591-2700
Signature, Place, and Date of Signing:
G. Randall Hecht San Francisco, CA May 15, 1999
Report Type:
[X] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager: NONE
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES AND EXCHANGE ACT OF 1934.
<PAGE>
FORM 13FG SUMMARY PAGE
Report Summary:
Number of Other Included Managers: NONE
Form 13F Information Table Entry Total: 549
Form 13F Information Table Value Total: $2,197,634
List of Other Included Managers: NONE
<PAGE>
<TABLE>
<CAPTION>
Issuer Class Cusip Value Shares Invest Mgrs Votg
(x1000) Discretion Auth
<S> <C> <C> <C> <C> <C> <C> <C>
1-800 CONTACTS COM 681977104 429 35,000 SOLE 1 35,000
3 COM Corp. COM 885535104 2179 93,450 SOLE 193,450
Aavid Thermal Tech.COM 002539104 3087 224,500 SOLE 1224,500
Abacan Resources COM 002919959 107 625,000 SOLE 1625,000
Abacus Direct COM 002553105 8061 98,300 SOLE 1 98,300
Abercrombie & FitchCOM 002896207 2417 26,200 SOLE 1 26,200
Abgenix COM 00339b107 1777 117,500 SOLE 1117,500
Above.net COM 003743101 4777 36,500 SOLE 1 36,500
Act Networks COM 000975102 1251 65,000 SOLE 1 65,000
ACTV COM 00088e104 3583 315,000 SOLE 1315,000
Adaptec SB NT CV 144A0400651faa6 3722 645,000 SOLE 1645,000
ADC Telecom. COM 000886101 5365 112,500 SOLE 1112,500
Adelphia Comm. COM 006848105 4442 70,500 SOLE 1 70,500
Adobe System COM 00724f101 2809 49,500 SOLE 1 49,500
Advanced Health CorCOM 00756h108 317 107,900 SOLE 1107,900
Advent Software COM 007974108 1325 25,000 SOLE 1 25,000
AER Energy Rscs. COM 000944108 331 589,000 SOLE 1589,000
Aetna COM 008117103 332 4,000 SOLE 1 4,000
AFLAC COM 001055102 2586 47,500 SOLE 1 47,500
AgriBioTech COM 008494106 629 100,700 SOLE 1100,700
Albany Molecular RsCOM 012423109 3455 138,200 SOLE 1138,200
Alkermes COM 01642t108 1270 46,600 SOLE 1 46,600
Allegiance Telecom COM 01747t102 6910 276,400 SOLE 1276,400
Alliant TechsystemsCOM 018804104 3574 46,000 SOLE 1 46,000
Altera Corp. COM 021441100 1160 19,500 SOLE 1 19,500
Alternative Living SB DB CV 5.25%002145kab3 1097 1,200,000 SOLE 11,200,0
Amazon.com COM 023135106 7714 44,800 SOLE 1 44,800
America Online, IncCOM 02364j104 25623 175,500 SOLE 1175,500
Amer. Bank Note HolCOM 024377103 728 315,000 SOLE 1315,000
Amer. Eagle OutfittCOM 02553D108 7147 99,700 SOLE 1 99,700
Amer. Express CompaCOM 025816109 8695 74,000 SOLE 1 74,000
Amer. Retirement CoSB DV CV 7.25%0028913AA9 828 1,000,000 SOLE 11,000,0
Amer. Tower Corp. CL A 029912201 5172 211,100 SOLE 1211,100
Amer. Xtal TechnoloCOM 030514103 2025 90,000 SOLE 1 90,000
Americredit COM 03060r101 205 15,600 SOLE 1 15,600
Ameritrade Holding COM 03072h109 1544 25,000 SOLE 1 25,000
Amgen COM 031162100 14421 192,600 SOLE 1192,600
AMR Corp. COM 001765106 2864 48,900 SOLE 1 48,900
Anadigics COM 032515108 2621 148,700 SOLE 1148,700
Anderson ExploratioCOM 033901109 2675 280,000 SOLE 1280,000
Annuity and Life ReCOM g03910109 3042 133,000 SOLE 1133,000
ANTEC Corp. COM 03664p105 4838 225,000 SOLE 1225,000
Applebee's Intl COM 037899101 4044 163,000 SOLE 1163,000
Applied Materials COM 038222105 22942 371,900 SOLE 1371,900
Applied Micro CircuCOM 03822w109 2980 69,700 SOLE 1 69,700
Arm Financial GroupCOM 001944107 208 13,900 SOLE 1 13,900
Arm Holdings SPONS ADR 042068106 1325 10,000 SOLE 1 10,000
Artisoft, Inc. COM 04314l106 701 255,000 SOLE 1255,000
Ascend Comm. COM 043491109 5021 60,000 SOLE 1 60,000
Assisted Living ConSB DB CV 6%02 04543lad1 273 525,000 SOLE 1525,000
Astropower COM 04644a101 676 57,500 SOLE 1 57,500
At Home Corp. SER A 045919107 7418 47,100 SOLE 1 47,100
AT&T Corp. COM 001957109 7646 95,800 SOLE 1 95,800
AT&T Liberty Media COM LIB GRP A 001957208 9751 185,300 SOLE 1185,300
Atlantic Coast AirlCOM 048396105 1125 40,000 SOLE 1 40,000
Atlantic Data Svcs COM 048523104 210 51,800 SOLE 1 51,800
ATMI COM 00207R101 3258 162,900 SOLE 1162,900
Atwood Oceanics COM 050095108 1590 53,000 SOLE 1 53,000
Avant! Corp. COM 053487104 2556 144,000 SOLE 1144,000
Avatar Holdings COM 053494100 403 22,100 SOLE 1 22,100
Baker Hughes COM 057224107 2322 95,500 SOLE 1 95,500
Balanced Care COM 057630105 83 30,200 SOLE 1 30,200
Bank of America COM 066050105 664 9,400 SOLE 1 9,400
Bea Systems COM 073325102 3338 213,600 SOLE 1213,600
Bebe Stores COM 075571109 5970 145,600 SOLE 1145,600
Bed Bath and BeyondCOM 075896100 1168 32,000 SOLE 1 32,000
BEI Tech. COM 05538p104 189 17,600 SOLE 117,600
Berkley Petroleum CCOM 08449g106 894 130,000 SOLE 1130,000
Best Buy Company COM 086516101 20987 403,600 SOLE 1403,600
Best Software COM 086579109 2103 155,800 SOLE 1155,800
Beyond.com COM 83403e108 5994 228,900 SOLE 1228,900
Big Flowers Hldgs COM 089115910 1338 43,000 SOLE 1 43,000
Bindview Dev. COM 090327107 2299 73,850 SOLE 1 73,850
Biogen COM 090597105 4298 37,600 SOLE 1 37,600
Biomatrix COM 09060p102 4064 52,100 SOLE 1 52,100
BJ's Wholesale ClubCOM 05548j106 1176 44,500 SOLE 1 44,500
Blue Rhino COM 095811105 772 58,800 SOLE 1 58,800
Brio Tech. COM 109704106 2723 128,900 SOLE 1128,900
Broadvision COM 111412102 2157 36,100 SOLE 1 36,100
Burlington ResourceCOM 122014103 919 23,000 SOLE 1 23,000
Business Objects S.SPONS ADR 12328x107 5023 169,200 SOLE 1169,200
Capital One Fin. COM 14040h105 9317 61,700 SOLE 1 61,700
CapRock Comm. COM 140667106 8414 431,500 SOLE 1431,500
Cardinal Health COM 14149y108 5742 87,000 SOLE 1 87,000
Career Educ. Corp. COM 141665109 2349 67,850 SOLE 1 67,850
CareMatrix Corp. COM 141706101 1805 95,000 SOLE 1 95,000
Carrier Access COM 144460102 7043 91,100 SOLE 1 91,100
Catalina Marketing COM 148867104 1718 20,000 SOLE 1 20,000
Catalytica COM 148885106 144 13,100 SOLE 1 13,100
Catapult Comm. COM 149016107 193 13,900 SOLE 1 13,900
CB Richard Ellis SvCOM 12489l108 2521 152,800 SOLE 1152,800
CellNet Data SystemCOM 15115M101 86 15,000 SOLE 1 15,000
Ctrl Euro Media EntCL A g20045103 1545 120,000 SOLE 1120,000
Century Comm CL A 156503104 4110 88,500 SOLE 1 88,500
Century Tele. Ent. COM 156686107 2529 36,000 SOLE 1 36,000
Cerprobe Corp. COM 156787103 2451 192,200 SOLE 1192,200
Charles Schwab COM 808513105 18360 191,000 SOLE 1191,000
Charter One Fin. COM 160903100 2107 73,000 SOLE 1 73,000
Chase Manhattan BanCOM 16161a108 6830 84,000 SOLE 1 84,000
Check Point SoftwarCOM m22465104 946 22,000 SOLE 1 22,000
China Yuchai COM G21082105 971 1942925 SOLE 11942925
Cigna Corp. COM 125509109 2095 25,000 SOLE 1 25,000
Circuit City StoresCOM 172737108 23792 310,500 SOLE 1310,500
Cisco Systems COM 17275r102 8491 77,500 SOLE 1 77,500
Citadel Comm. COM 172853202 2736 82,300 SOLE 1 82,300
Citigroup COM 172967101 17412 272,600 SOLE 1272,600
Closure Medical CorCOM 189093107 4830 127,100 SOLE 1127,100
CMG Info. Svcs. COM 125750109 5876 32,100 SOLE 1 32,100
CMP Media COM 125891101 2460 80,000 SOLE 1 80,000
Coastal Corp. COM 190441105 314 9,500 SOLE 1 9,500
Cohesion Tech. COM 19248n101 710 179,000 SOLE 1179,000
Coinstar COM 19259p300 6602 409,400 SOLE 1409,400
Com21, Inc. COM 205937105 4591 174,900 SOLE 1174,900
Comcast CL A SPL 200300200 13563 215,500 SOLE 1215,500
Comdisco COM 200336105 1788 100,000 SOLE 1100,000
Compaq Computer COM 204493100 17941 566,200 SOLE 1566,200
Compass Bancshares COM 20449h109 297 8,600 SOLE 1 8,600
Computalog COM 204908305 1915 561,500 SOLE 1561,500
Concentric Network COM 20589r107 11130 148,900 SOLE 1148,900
Concord Comm. COM 206186108 3859 67,700 SOLE 1 67,700
Condor Tech. SolutiCOM 206772105 3577 376,500 SOLE 1376,500
Conexant Systems COM 207142100 12188 440,200 SOLE 1440,200
Consol. Graphics COM 209341106 4233 73,300 SOLE 1 73,300
Cooper Cameron COM 216640102 6663 196,700 SOLE 1196,700
Cornell CorrectionsCOM 219141108 5520 315,450 SOLE 1315,450
Cost Plus COM 221485105 2306 78,500 SOLE 1 78,500
Costco Wholesale COM 22160q102 29392 321,000 SOLE 1321,000
Covad Comm. Group COM 222814204 986 15,000 SOLE 1 15,000
Creditrust COM 225429109 1729 87,550 SOLE 1 87,550
Cree Research COM 225447101 10678 227,500 SOLE 1227,500
Critical Path COM 22674v100 3465 45,000 SOLE 1 45,000
CSG Systems Intl COM 126349109 225 5,700 SOLE 1 5,700
CVS Corp. COM 126650100 19675 414,200 SOLE 1414,200
Cyberian Outpost COM 231914102 1086 55,000 SOLE 1 55,000
Cybex COM 232522102 2811 156,700 SOLE 1156,700
CYTYC COM 232946103 2880 207,600 SOLE 1207,600
D.M. Mgmt COM 233233105 8183 523,700 SOLE 1523,700
Delia*s COM 246885107 945 30,000 SOLE 1 30,000
Descartes Systems GCOM 249906108 1257 163,500 SOLE 1163,500
Desjardins LaurentiCOM 25057r109 1894 160,500 SOLE 1160,500
Dial Corp. COM 92552r109 2320 67,500 SOLE 1 67,500
Dialogic COM 252499108 1617 53,000 SOLE 1 53,000
Digital Microwave COM 253859102 2319 276,900 SOLE 1276,900
Digital River COM 25388b104 3384 84,600 SOLE 1 84,600
Diversinet COM 25536k204 100 35,000 SOLE 135,000
DLJ COM 257661108 19098 273,800 SOLE 1273,800
DSET Corp. COM 262504103 7546 649,100 SOLE 1649,100
Durban Roodepoort DSPONS ADR 266597301 25 12,100 SOLE 112,100
Dynegy COM 26816l102 643 45,700 SOLE 1 45,700
E*Trade Group COM 269246104 4665 80,000 SOLE 1 80,000
E4L, Inc. COM 636919102 1340 160,000 SOLE 1160,000
Earthlink Network COM 270322100 4080 68,000 SOLE 1 68,000
Echostar Comm. CL A 278762109 6693 82,000 SOLE 1 82,000
Eclipse Surgical TeCOM 278849104 1764 168,000 SOLE 1168,000
Eco Soil Systems COM 278858105 1026 147,900 SOLE 1147,900
ECsoft Group PLC SPONS ADR 279240105 4829 151,500 SOLE 1151,500
Education Mgmt COM 28139t101 5166 168,000 SOLE 1168,000
Electric Lightwave COM 284895109 2705 296,400 SOLE 1296,400
Electronic Arts COM 285512109 570 12,000 SOLE 1 12,000
Electronic ProcessiCOM 285798104 117 14,800 SOLE 1 14,800
Eli Lilly COM 532457108 19878 234,200 SOLE 1234,200
EMC Corp. COM 268648102 14500 113,500 SOLE 1113,500
Emmis Comm CL A 291525103 3480 69,600 SOLE 1 69,600
Employee Solutions COM 292166105 225 225,100 SOLE 1225,100
Enamelon COM 292499100 1182 225,200 SOLE 1225,200
Endocardial SolutioCOM 292962107 1904 211,500 SOLE 1211,500
Entercom Comm CL A 293639100 630 17,800 SOLE 1 17,800
Entrust Tech. COM 293848107 844 25,000 SOLE 1 25,000
Equitable COM 29444g107 10759 153,700 SOLE 1153,700
Equity Office PptysCOM 294741103 1776 70,000 SOLE 1 70,000
E-Tek Dynamics COM 269240107 4825 134,500 SOLE 1134,500
Excel Switching CorCOM 30067v108 554 26,400 SOLE 1 26,400
Exodus Comm. COM 302088109 7895 58,700 SOLE 1 58,700
Extended Stay Amer.COM 30224p101 4946 485,500 SOLE 1485,500
Family Dollar StoreCOM 307000109 2323 101,000 SOLE 1101,000
Family Golf CentersCOM 30701a106 536 72,000 SOLE 1 72,000
Faro Tech. COM 311642102 1446 226,900 SOLE 1226,900
Faroudja COM 311643100 1079 359,600 SOLE 1359,600
FaxSav COM 31210l104 1027 133,000 SOLE 1133,000
FDX Corp. COM 31304n107 5708 61,500 SOLE 1 61,500
Financial Federal CCOM 317492106 4570 240,500 SOLE 1240,500
First Tenn Natl COM 337162101 2198 60,000 SOLE 1 60,000
Fiserv, Inc. COM 337738108 2681 50,000 SOLE 1 50,000
Florida Rock Indus.COM 341140101 921 27,000 SOLE 1 27,000
FORE Systems, Inc. COM 345449102 1070 56,600 SOLE 1 56,600
Forest Labs CL A 345838106 2396 42,500 SOLE 1 42,500
Four Seasons HotelsCOM 35100e104 7866 188,400 SOLE 1188,400
Fresh Del Monte COM g36738105 3156 170,000 SOLE 1170,000
Garden Fresh RestauCOM 365235100 2053 144,100 SOLE 1144,100
Gateway 2000 COM 367833100 5074 74,000 SOLE 1 74,000
Gemstar Intl ORD g3788v106 5388 71,600 SOLE 1 71,600
General Electric COM 369604103 1106 10,000 SOLE 1 10,000
Genesis Microchip COM 371933102 4724 198,900 SOLE 1198,900
Genzyme COM 372917104 1513 30,000 SOLE 1 30,000
GeoTel Comm. COM 373656107 4684 102,100 SOLE 1102,100
Giga-Tronics COM 375175106 834 333,772 SOLE 1333,772
Global Vacation GrpCOM 37937F106 2570 216,400 SOLE 1216,400
Globix COM 37957f101 4884 130,900 SOLE 1130,900
go2net COM 383486107 7626 57,500 SOLE 1 57,500
Golden Star Rscs COM 38119t104 1016 1,278,100 SOLE 11,278,1
Goody's Family ClotCOM 382588101 1429 102,500 SOLE 1102,500
Grey Wolf COM 397888108 518 360,000 SOLE 1360,000
GST Telecom. COM 361942105 952 87,000 SOLE 1 87,000
Guilford Pharma. COM 401829106 1962 172,500 SOLE 1172,500
Guitar Centers COM 402040109 1019 49,850 SOLE 1 49,850
Gulfstream AerospacCOM 402734107 868 20,000 SOLE 1 20,000
Halliburton CompanyCOM 406216101 6175 160,400 SOLE 1160,400
Halter Marine SR SB NT CV 4.540642yac9 1178 2,250,000 SOLE 12,250,0
Happy Kids COM 411391105 750 75,000 SOLE 1 75,000
Harbinger Corp. COM 41145c103 1006 149,100 SOLE 1149,100
Harmony Gold MiningSPONS ADR 413216300 1125 240,000 SOLE 1240,000
HCIA COM 403908106 135 30,000 SOLE 130,000
Health Care REIT COM 42217k106 720 33,500 SOLE 1 33,500
HI/FN COM 428358105 3429 91,450 SOLE 1 91,450
Hibbett Sporting GoCOM 428565105 1918 91,900 SOLE 1 91,900
HNC Software COM 40425p107 3603 110,000 SOLE 1110,000
Home Security Intl.COM 437333107 7000 767,100 SOLE 1767,100
Hot Topic COM 441339108 2530 139,600 SOLE 1139,600
Household Intl COM 441815107 14500 317,800 SOLE 1317,800
Hutchinson TechnoloCOM 448407106 1244 50,000 SOLE 1 50,000
Hyperion Solutions COM 44914m104 3190 220,000 SOLE 1220,000
ICG Comm. COM 449246107 4694 234,700 SOLE 1234,700
IMRglobal COM 45321W106 3349 188,700 SOLE 1188,700
In Home Health COM 453222408 555 423,233 SOLE 1423,233
Inco- VBN Shares CL VBN SH 453258709 14256 2069750 SOLE 12069750
Incyte Pharma. COM 45337c102 2084 103,900 SOLE 1103,900
Infinity BroadcastiCOM 45662s102 1069 41,500 SOLE 1 41,500
InfoNow Corp. COM 456664309 3108 710,314 SOLE 1710,314
Information AdvantaCOM 45669p101 2688 405,800 SOLE 1405,800
Informix Corp COM 456779107 1696 230,000 SOLE 1230,000
Infoseek Corp COM 45678m107 6497 87,800 SOLE 1 87,800
Infospace.com COM 45678t102 10050 113,400 SOLE 1113,400
Inktomi Corp COM 457277101 4356 50,800 SOLE 1 50,800
Inspire Insur. SoluCOM 457732105 1146 60,300 SOLE 1 60,300
Intel Corp. COM 458140100 32438 272,300 SOLE 1272,300
Intelidata Tech. COM 45814t107 148 121,300 SOLE 1121,300
Intelligroup COM 45816a106 334 51,900 SOLE 1 51,900
INTERLINQ Software COM 458753100 505 65,700 SOLE 165,700
Intermedia Comm. COM 458801107 1331 50,000 SOLE 1 50,000
Intl Network Svcs COM 460053101 5763 82,400 SOLE 1 82,400
Intervisual Books CL A VOTG 460918105 308 234,450 SOLE 1234,450
Intervoice COM 461142101 1001 91,000 SOLE 1 91,000
InterVU, Inc. COM 46114R106 1997 45,000 SOLE 1 45,000
Intimate Brands COM 461156101 2743 57,000 SOLE 1 57,000
Intl Telecom. Data COM 46047f104 2367 191,300 SOLE 1191,300
Intrawest Corp. COM 460915200 964 57,100 SOLE 1 57,100
Intuit, Inc. COM 461202103 4813 47,300 SOLE 1 47,300
Investment Tech. GrCOM 461450108 1624 32,000 SOLE 1 32,000
Isolyser Company COM 464888906 180 67,800 SOLE 167,800
ISS Group COM 450306105 5255 66,100 SOLE 1 66,100
ITT Educ. Svcs COM 45068B109 3275 87,200 SOLE 1 87,200
IXC Comm. COM 450713102 3913 85,300 SOLE 1 85,300
J.P. Morgan COM 616880100 1357 11,000 SOLE 1 11,000
Jabil Circuit COM 466313103 2859 70,600 SOLE 1 70,600
Jacor Comm. COM 469858401 631 8,300 SOLE 1 8,300
Jakks Pacific COM 47012e106 1467 79,300 SOLE 1 79,300
Javelin Systems COM 471896100 1522 125,500 SOLE 1125,500
Johnson & Johnson COM 478160104 10643 113,600 SOLE 1113,600
Jones Apparel GroupCOM 480074103 1900 68,000 SOLE 1 68,000
Jones Medical IndusCOM 480212109 2540 73,100 SOLE 1 73,100
Just For Feet COM 48213p106 1413 113,000 SOLE 1113,000
Kansas City So. IndCOM 485170104 2309 40,500 SOLE 1 40,500
Kelley Oil & Gas COM 487906109 125 25,000 SOLE 1 25,000
Kendle Intl COM 48880l107 4697 233,400 SOLE 1233,400
Key Energy SB NT CV 5%04 492914AF3 1015 2,000,000 SOLE 12,000,0
Keystone Auto. IndsCOM 49338n109 1046 643,350 SOLE 1643,350
KN Energy COM 482620101 1994 100,000 SOLE 1100,000
Knight/Trimark GrouCOM 499067106 28616 427,100 SOLE 1427,100
Knightsbridge TankeORD g5299g106 1872 108,500 SOLE 1108,500
Koala Corp COM 499866101 726 35,000 SOLE 1 35,000
Krause's Furniture COM 500760202 1864 1,028,200 SOLE 11,028,2
Kushner-Locke COM 501337406 2860 184,500 SOLE 1184,500
K-V Pharma CL A 482740206 644 45,000 SOLE 1 45,000
Labor Ready COM 505401208 3400 130,450 SOLE 1130,450
Lafarge Corp. COM 505862102 1120 40,000 SOLE 1 40,000
Lam Research COM 512807108 1305 45,000 SOLE 1 45,000
Lamar Advertising COM 512815101 3119 91,900 SOLE 1 91,900
Laser Vision CenterCOM 51807h100 2398 62,900 SOLE 1 62,900
Legato Systems COM 524651106 3820 74,000 SOLE 1 74,000
Level One Comm. COM 527295109 5738 118,000 SOLE 1118,000
LifeCell COM 531927101 1827 395,100 SOLE 1395,100
Linear Technology. COM 535678106 1102 21,500 SOLE 1 21,500
Linens 'N Things COM 535679104 5091 112,200 SOLE 1112,200
Lone Star IndustrieCOM 542290408 2790 90,000 SOLE 1 90,000
LSI Logic COM 502161102 14424 462,500 SOLE 1462,500
Lucent TechnologiesCOM 549463107 3448 32,000 SOLE 1 32,000
Macromedia COM 556100105 6176 136,300 SOLE 1136,300
Macrovision COM 555904101 4000 108,100 SOLE 1108,100
Mastech COM 57632n105 1986 152,800 SOLE 1152,800
Maxim Integrated PrCOM 57772k101 2273 42,000 SOLE 1 42,000
Maxxam COM 577913106 4368 86,700 SOLE 186,700
MBIA, Inc. COM 55262c100 1897 32,700 SOLE 1 32,700
McDonald's Corp COM 580135101 7930 175,000 SOLE 1175,000
MCIWorldCom COM 55268b106 41757 471,500 SOLE 1471,500
McKesson HBOC, Inc.COM 58155q103 2436 36,905 SOLE 136,905
McleodUSA Inc. COM 582266102 5481 130,500 SOLE 1130,500
Mede America COM 584067102 2455 123,500 SOLE 1123,500
Medialink WorldwideCOM 58445p105 2925 231,700 SOLE 1231,700
MediaOne Group COM 58440j104 7930 125,000 SOLE 1125,000
Medicis Pharma. CL A 584690309 4400 146,650 SOLE 1146,650
Medimmune COM 584699102 5161 87,200 SOLE 1 87,200
Medquist COM 584949101 750 25,000 SOLE 1 25,000
MemberWorks COM 586002107 2538 70,000 SOLE 1 70,000
Mens Wearhouse COM 587118100 1964 68,000 SOLE 1 68,000
Merck COM 589331107 19421 242,200 SOLE 1242,200
Meritage COM 59001a102 1470 121,200 SOLE 1121,200
Merrill Lynch COM 590188108 30249 342,038 SOLE 1342,038
Metro One Telecom. COM 59163f105 3621 254,100 SOLE 1254,100
Metrocall COM 591647102 152 50,000 SOLE 1 50,000
Metromedia Intl GrpCOM 591695101 7350 1,507,600 SOLE 11,507,6
Microfinancial COM 595072109 2416 166,600 SOLE 1166,600
Micromuse COM 595094103 3340 72,600 SOLE 1 72,600
Micron Electronics COM 595100108 1633 139,000 SOLE 1139,000
Micron Technology COM 595112103 21741 450,600 SOLE 1450,600
Microsoft CorporatiCOM 594918104 40080 447,200 SOLE 1447,200
Midas COM 595626102 1312 39,300 SOLE 1 39,300
MindSpring Enter. COM 602683104 3202 37,200 SOLE 1 37,200
Molecular Devices COM 60851c107 3286 121,700 SOLE 1121,700
Molex COM 608554101 2100 71,500 SOLE 1 71,500
Montana Power COM 612085100 3568 48,500 SOLE 1 48,500
Morgan Stanley DeanCOM 617446448 21417 214,300 SOLE 1214,300
Motorola COM 620076109 13009 177,600 SOLE 1177,600
Movie Gallery COM 624581104 398 75,000 SOLE 1 75,000
MPSI Systems COM 553412206 307 144,538 SOLE 1144,538
MTP April 60 Call COM 612085900 145 100 SOLE 1 100
MTP April 65 Call COM 612085900 183 200 SOLE 1 200
MTP May 75 Call COM 612085900 298 425 SOLE 1 425
MTP May 80 Call COM 612085900 92 150 SOLE 1 150
Multex.com Inc. COM 625367107 2669 42,700 SOLE 1 42,700
National Semi COM 637640103 846 90,832 SOLE 190,832
Nationwide Fin. SvcCOM 638612101 3297 78,500 SOLE 1 78,500
Natrol COM 638789107 942 155,400 SOLE 1155,400
NCR Corp. COM 62886e108 2875 57,500 SOLE 1 57,500
Neilson Media ReseaCOM 653929307 1802 73,000 SOLE 1 73,000
NetGravity COM 641114103 2112 51,050 SOLE 1 51,050
Network Appliance COM 64120l104 2825 55,800 SOLE 1 55,800
Network Computing DCOM 64120n100 50 10,000 SOLE 1 10,000
Network Solutions COM 64121q102 11262 106,500 SOLE 1106,500
Nevada Power CompanCOM 641423108 322 13,000 SOLE 1 13,000
New Era of NetworksCOM 644312100 7947 117,300 SOLE 1117,300
New Frontier Media,COM 644398109 310 71,900 SOLE 1 71,900
Newbridge Networks COM 650901101 2898 92,000 SOLE 1 92,000
Nike, Inc. COM 654106103 17918 310,600 SOLE 1310,600
Noble Drilling COM 655042109 1173 67,500 SOLE 1 67,500
Nokia COM 654902204 6760 43,400 SOLE 1 43,400
NorthEast Optic NetCOM 664334109 283 20,000 SOLE 1 20,000
Northwest Airlines COM 667280101 1836 66,000 SOLE 1 66,000
Novacare Employee SCOM 66986q101 2996 383,500 SOLE 1383,500
Novadigm COM 669937104 195 30,000 SOLE 130,000
Novell COM 670006105 6851 272,000 SOLE 1272,000
Novellus Systems, ICOM 670008101 4090 74,200 SOLE 1 74,200
Office Depot, Inc. COM 676220106 14927 405,500 SOLE 1405,500
Offshore Logistics SUB NT CV 6%03 676255af9 241 250,000 SOLE 1250,000
Omega Research COM 68211e101 1496 140,000 SOLE 1140,000
Omnipoint COM 68212d102 1299 90,000 SOLE 1 90,000
On Assignment COM 682159108 1781 69,500 SOLE 1 69,500
OnHealth Network COM 68272w107 409 30,000 SOLE 1 30,000
Onyx Software COM 683402101 532 13,600 SOLE 1 13,600
Open Text COM 683715106 1981 62,900 SOLE 162,900
Opta Food IngredienCOM 68381n105 1074 424200 SOLE 1 424200
Oracle COM 68389x105 25174 954,450 SOLE 1954,450
Orcad COM 685568107 168 20,000 SOLE 1 20,000
Osteotech COM 688582105 694 20,200 SOLE 1 20,200
Pacific Sunwear COM 694873100 8750 251,800 SOLE 1251,800
Paging Network COM 695542100 1992 425,000 SOLE 1425,000
Paine Webber COM 695629105 2791 70,000 SOLE 1 70,000
Parexel Intl COM 699462107 2896 140,000 SOLE 1140,000
Patriot Amer. Hosp.PAIRED CTF 703352203 1120 218,500 SOLE 1218,500
Paul Harris Stores COM 703555201 1247 169,150 SOLE 1169,150
Payless Shoesource COM 704379106 2186 47,000 SOLE 1 47,000
P-Com COM 693262107 2563 336,100 SOLE 1336,100
PCS Group COM 852061506 886 20,000 SOLE 1 20,000
Pennzenergy CompanyCOM 70931q109 5803 552,700 SOLE 1552,700
Pennzoil - Quaker SCOM 709903109 6741 544,700 SOLE 1544,700
Peregrine Systems COM 71366q101 7619 226,600 SOLE 1226,600
Performance Tech. COM 71376k102 2677 249,000 SOLE 1249,000
Pervasive Software COM 715710109 8596 480,900 SOLE 1480,900
Petro-Canada COM VARIBL VTG 71644e102 1050 90,000 SOLE 1 90,000
Petsec Energy SPONS ADR 715796108 375 333,739 SOLE 1333,739
Pfizer, Inc. COM 717081103 19869 143,200 SOLE 1143,200
Phillip Morris COM 718154107 866 24,600 SOLE 1 24,600
Photoelectron Corp.COM 719320103 368 120,000 SOLE 1120,000
Pinnacle Hldgs COM 72346n101 3911 258,600 SOLE 1258,600
Pittston Brink's GrCOM 725701106 1645 70,000 SOLE 1 70,000
PJ America COM 72585q104 3121 135,700 SOLE 1135,700
Platinum Software COM 72764r105 369 50,000 SOLE 150,000
Polaroid Corp. COM 731095105 1806 90,000 SOLE 1 90,000
Power Integrations COM 739276103 12729 400,900 SOLE 1400,900
Powerwave Tech. COM 739363109 5139 181,100 SOLE 1181,100
Precision Drilling COM 74022d100 1079 83,000 SOLE 1 83,000
Premiere Tech. COM 74058f102 1098 96,500 SOLE 1 96,500
Prepaid Legal Svcs COM 740065107 733 29,900 SOLE 1 29,900
PRI Automation COM 69357h106 1665 79,300 SOLE 1 79,300
Primus Telecom. COM 741929103 1301 128,500 SOLE 1128,500
Prodigy Comm. COM 74283p107 111 2,900 SOLE 1 2,900
Professional DetailCOM 74312n107 1003 38,300 SOLE 1 38,300
Promus Hotel COM 74342p106 2674 73,500 SOLE 1 73,500
Province HealthcareCOM 743977100 48 2,600 SOLE 1 2,600
PsiNet COM 74437c101 3639 85,500 SOLE 1 85,500
QLogic Corp. COM 747277101 2799 41,700 SOLE 1 41,700
QRS COM 74726X105 3078 49,200 SOLE 1 49,200
QuadraMed COM 74730w101 557 73,000 SOLE 1 73,000
Qualcomm COM 747525103 9440 75,900 SOLE 1 75,900
Quanex Corp. COM 747620102 853 55,000 SOLE 1 55,000
Quicksilver COM 74838c106 5404 127,900 SOLE 1127,900
Quintiles TransnatiCOM 748767100 1793 47,500 SOLE 1 47,500
Racing Champions COM 750069106 1560 141,800 SOLE 1141,800
Rainbow Rentals COM 750857104 1250 125,000 SOLE 1125,000
Rare Hospitality InCOM 753820109 468 34,000 SOLE 1 34,000
Remec COM 759543101 1420 68,000 SOLE 1 68,000
Remedy Corp. COM 759548100 280 20,000 SOLE 1 20,000
Rent Way COM 76009u104 1200 50,000 SOLE 1 50,000
Rent-A-Center COM 76009n100 3347 116,400 SOLE 1116,400
Res-Care COM 760943100 3281 145,400 SOLE 1145,400
ResortQuest Intl COM 761183102 3950 246,850 SOLE 1246,850
RF Micro Devices COM 749941100 1818 19,000 SOLE 1 19,000
Roberts Pharma. COM 770491108 1390 67,000 SOLE 1 67,000
Rock Fin. Corp. COM 772150108 1080 60,000 SOLE 1 60,000
Rogers Comm CL B 775109200 4667 257,500 SOLE 1257,500
S3 Inc. SB NT CV 5.75%0784849ac5 778 1,000,000 SOLE 11,000,0
S3, Inc. COM 784849101 3808 507,700 SOLE 1507,700
Sabratek Corp. COM 78571u108 1176 78,400 SOLE 1 78,400
Safeway Inc. COM 786514208 24235 472,300 SOLE 1472,300
Sanchez Computer AsCOM 799702105 372 16,000 SOLE 1 16,000
Sapient Corp. COM 803062108 3355 47,000 SOLE 1 47,000
Sawtek COM 805468105 5491 162,700 SOLE 1162,700
Schlumberger COM 806857108 7463 124,000 SOLE 1124,000
SCM Microsystems COM 784018103 917 15,100 SOLE 1 15,100
Secure Computing COM 813705100 2211 210,600 SOLE 1210,600
Security Dynamics TCOM 814208104 1894 101,700 SOLE 1101,700
Select Apptmts. HldSPONS ADR 81617e203 1238 46,400 SOLE 1 46,400
Select Comfort COM 81616x103 2001 71,800 SOLE 1 71,800
Sempra Energy COM 816851109 3185 166,000 SOLE 1166,000
Shop at Home COM 825066301 1187 94,500 SOLE 1 94,500
Siebel Software COM 826170102 665 14,000 SOLE 1 14,000
Simon Transpor. SvcCOM 828813105 1796 299,400 SOLE 1299,400
Simpson Manuf. COM 829073105 503 12,500 SOLE 1 12,500
Skytel Comm. COM 83087q104 2161 130,000 SOLE 1130,000
Skywest COM 830879102 3537 122,500 SOLE 1122,500
Smart Modular Tech.COM 831690102 302 20,200 SOLE 1 20,200
Smith Intl COM 832110100 2300 57,500 SOLE 1 57,500
Smith-Gardner & AssCOM 832059109 511 36,200 SOLE 1 36,200
SoftNet Systems COM 833964109 4358 119,000 SOLE 1119,000
Solectron Corp. COM 834182107 5216 107,400 SOLE 1107,400
Sonus Corp. COM 835691106 3634 796400 SOLE 1 796400
Southdown COM 841297104 1466 27,300 SOLE 1 27,300
SportsLine USA COM 848934105 557 12,200 SOLE 1 12,200
Sprint Corp. COM 852061100 14228 145,000 SOLE 1145,000
SS&C Tech. COM 85227q100 619 50,000 SOLE 1 50,000
Staples COM 855030102 23581 717,300 SOLE 1717,300
Star Telecom. COM 854923109 1311 136,200 SOLE 1136,200
Starbucks COM 855244109 2806 100,000 SOLE 1100,000
Startec Global CommCOM 85569E103 2209 285,000 SOLE 1285,000
Steelcase COM 858155203 273 18,000 SOLE 1 18,000
Stillwater Mining CCOM 86074q102 923 35,000 SOLE 1 35,000
Stratasys COM 862685104 470 117,500 SOLE 1117,500
Strayer Educ. COM 863236105 873 23,600 SOLE 1 23,600
Stryker Corp. COM 863667101 2371 47,000 SOLE 1 47,000
Summit Design COM 86605u101 666 193,700 SOLE 1193,700
Summit Tech. COM 86627e101 6384 580,400 SOLE 1580,400
Sun Microsystems COM 866810104 3127 25,000 SOLE 1 25,000
SunGuard Data Syst.COM 867363103 2620 65,500 SOLE 1 65,500
Superior ConsultantCOM 868146101 3498 102,500 SOLE 1102,500
Synetic COM 87160f109 1749 31,300 SOLE 131,300
System Software & ASB NT CV 7%02 871839aa4 3819 6,775,000 SOLE 16,775,0
Taco Cabana COM 873425102 1370 155,500 SOLE 1155,500
Tandy Corp. COM 875382103 2457 38,500 SOLE 1 38,500
Tarrant Apparel COM 876289109 1852 44,100 SOLE 1 44,100
TB Wood's COM 872226105 1013 90,000 SOLE 1 90,000
TCA Cable TV COM 872241104 1262 29,000 SOLE 1 29,000
TeleBanc Financial COM 87925R109 3086 38,700 SOLE 1 38,700
- SPONS ADR ORD SPONS ADR ORD 87927w106 522 5,000 SOLE 1 5,000
Teligent Inc. CL A 87959y103 962 23,100 SOLE 1 23,100
Tel-Save Hldgs COM 879176105 1194 114,400 SOLE 1114,400
Teradyne COM 880770102 6820 125,000 SOLE 1125,000
Texaco COM 881694103 3973 70,000 SOLE 1 70,000
Texas Industries COM 882491103 1551 62,500 SOLE 1 62,500
Texas Instruments COM 882508104 26043 262,400 SOLE 1262,400
The Finish Line COM 317923100 336 26,100 SOLE 1 26,100
The Limited COM 532716107 1882 47,500 SOLE 1 47,500
The Sports AuthoritCOM 849176102 73 10,000 SOLE 1 10,000
The Sports AuthoritSB NT CV 5.25%0849176ac6 1450 2,000,000 SOLE 12,000,0
The Walt Disney Co.COM 254687106 467 15,000 SOLE 1 15,000
Thrustmaster COM 886027101 296 20,000 SOLE 1 20,000
Time Warner COM 887315109 18256 256,900 SOLE 1256,900
TMP Worldwide COM 872941109 5029 77,600 SOLE 1 77,600
Toreador Royalty CoCOM 891041105 216 75,000 SOLE 175,000
TOSCO COM NEW 891490302 1923 77,500 SOLE 1 77,500
Towne Services COM 892148107 4032 410,900 SOLE 1410,900
Toys R Us COM 892335100 941 50,000 SOLE 1 50,000
Tramell Crow COM 89288r106 2373 128,250 SOLE 1128,250
Transaction NetworkCOM 893414102 3671 224,200 SOLE 1224,200
TransSwitch Corp. COM 894065101 12113 267,700 SOLE 1267,700
Travel Services IntCOM 894169101 1907 181,600 SOLE 1181,600
Travis Boats& MotorCOM 894363100 540 30,000 SOLE 1 30,000
TSI Intl Software COM 872879101 7122 145,900 SOLE 1145,900
TurboChef Tech. COM 900006107 1042 105,500 SOLE 1105,500
Turner Corp. COM 900273103 1094 78,150 SOLE 1 78,150
U.S. Global InvestoCL A 902952100 600 399,750 SOLE 1399,750
U.S. Home & Garden COM 902939107 1928 428,400 SOLE 1428,400
UAL Corp. COM 902549500 2765 35,500 SOLE 1 35,500
Unicom Corp. COM 904911104 366 10,000 SOLE 1 10,000
Uniphase Corp. COM 909149106 5756 50,000 SOLE 1 50,000
United Healthcare CCOM 910581107 18050 343,000 SOLE 1343,000
United Intl Hldgs COM 910734102 1392 32,000 SOLE 1 32,000
Universal ElectroniCOM 913483103 438 35,000 SOLE 1 35,000
Univision Comm. COM 914906102 935 18,700 SOLE 1 18,700
US Liquids COM 902974104 2286 108,200 SOLE 1108,200
USG Corp. COM NEW 903293405 2302 44,800 SOLE 1 44,800
U-SHIP, Inc. COM 90337n203 3332 978,243 SOLE 1978,243
Valuevision Intl CL A 92047k107 1385 112,500 SOLE 1112,500
Varian Assoc. COM 922204102 891 23,000 SOLE 1 23,000
Vastar Rscs COM 922380100 1958 41,000 SOLE 1 41,000
Vengold COM 92267k100 424 2,066,100 SOLE 12,066,1
Verio COM 923433106 8399 182,100 SOLE 1182,100
Verity COM 92343c106 1866 55,700 SOLE 1 55,700
Vertex Pharma. COM 92532f100 2717 107,600 SOLE 1107,600
VerticalNet COM 92532l107 2535 24,400 SOLE 1 24,400
Viatel COM 925529208 3192 112,000 SOLE 1112,000
Vignette COM 926734104 5576 74,100 SOLE 1 74,100
Visio COM 927914101 1125 40,000 SOLE 1 40,000
Vista Info. SolutioCOM 928365204 1900 190,000 SOLE 1190,000
Visual Networks COM 928444108 508 13,600 SOLE 1 13,600
Visx COM 92844s105 8207 76,300 SOLE 1 76,300
Vitesse Semi. COM 928497106 5381 106,300 SOLE 1106,300
Vivid Tech. COM 928538107 539 134,700 SOLE 1134,700
Vulcan Materials COM 929160109 1900 46,000 SOLE 1 46,000
Waddell & Reed Fin.COM 930059100 1394 68,000 SOLE 1 68,000
Walgreen COM 931422109 18080 640,000 SOLE 1640,000
Walmart COM 931142103 16428 178,200 SOLE 1178,200
Waters Corp. COM 941848103 2627 25,000 SOLE 1 25,000
Weatherford Intl COM 947074100 1633 62,500 SOLE 1 62,500
WEBS Japan Index SeJAPAN WEBS 92923H889 1139 99,000 SOLE 1 99,000
Webtrends COM 94844d104 9103 187,200 SOLE 1187,200
Western Gas Rscs COM 958259103 1165 155,300 SOLE 1155,300
Western Wireless COM 95988e204 6036 166,500 SOLE 1166,500
Westmoreland Coal COM 960878304 1809 101,100 SOLE 1101,100
Wet Seal COM 961840105 5800 157,300 SOLE 1157,300
Whole Foods Mkt COM 966837106 2578 75,000 SOLE 1 75,000
Williams Companies COM 969457100 790 20,000 SOLE 1 20,000
Winstar Comm. COM 975515107 909 25,000 SOLE 1 25,000
Xilinx COM 983919101 6003 148,000 SOLE 1148,000
Xircom COM 983922105 2075 82,600 SOLE 1 82,600
Xomed Surgical ProdCOM 98412v107 3623 92,300 SOLE 1 92,300
Xoom.com COM 98413f101 5989 89,300 SOLE 1 89,300
Yahoo! Inc. COM 984332106 5910 35,100 SOLE 1 35,100
Zevex Intl COM 98950e400 1050 210,000 SOLE 1210,000
Zoltek Cos. COM 98975w104 440 58,600 SOLE 1 58,600
Zydeco Energy COM 989854104 42 151,000 SOLE 1151,000
</TABLE>
