<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30 2000
Check here if Amendment [ ]; Amendment Number:___________
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: KAYNE ANDERSON CAPITAL ADVISORS, L.P.
Address: 1800 AVENUE OF THE STARS
SECOND FLOOR
LOS ANGELES, CA 90067
Form 13F File Number: 28-5066
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: Richard A. Kayne
Title: President of the General Partner
Phone: (310) 556-2721
Signature, Place, and Date of Signing:
Richard A. Kayne Los Angeles, California 13 November 2000
Report Type (Check only one.):
[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 EXCHANGE ACT OF 1934.
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KAYNE ANDERSON CAPITAL ADVISORS, L.P.
Form 13F SUMMARY PAGE
<TABLE>
<S> <C>
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 36
Form 13F Information Table Value Total: $ 102,326
(thousands)
</TABLE>
List of Other Included Managers:
NONE
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KAYNE ANDERSON CAPITAL ADVISORS, L.P.
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5
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TITLE VALUE SHARES or PUT/
NAME OF ISSUER OF CLASS CUSIP (X 1000) PRN AMT SH/PRN CALL
-------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Globalstar Telecommunictns Ltd COM g3930h104 $ 707 82,000 SH
Loral Space & Communications COM g56462107 $ 121 19,700 SH
ACM Govt Secs Fd Inc COM 000914101 $ 544 75,000 SH
ACM Govt Spectrum Fd Inc COM 000917104 $ 517 85,200 SH
AT&T Corp COM 001957109 $ 587 20,000 SH
AXA Finl Inc COM 002451102 $ 509 10,000 SH
Bestfoods COM 08658u101 $ 1,120 15,400 SH
Big Dog Hldgs Inc COM 089128102 $ 730 145,902 SH
CVB Finl Corp COM 126600105 $ 345 20,531 SH
Cannondale Corp COM 137798104 $ 2,928 544,801 SH
Capital Automotive REIT COM SH BEN INT 139733109 $ 214 16,500 SH
Center Tr Inc COM 151845104 $ 84 14,000 SH
Chase Manhattan Corp New COM 16161a108 $ 924 20,000 SH
Dresdner RCM Glbl Stratgc Incm COM 26157b101 $ 227 35,000 SH
Dynegy Inc New CL A 26816q101 $ 1,140 20,000 SH
El Paso Energy Corp Del COM 283905107 $ 924 15,000 SH
El Paso Energy Partners L P COM 28368b102 $ 492 18,400 SH
Glacier Water Svcs Inc COM 376395109 $ 12,014 1,022,493 SH
Glenborough Rlty Tr Inc PFD CV SER A% 37803p204 $ 722 42,500 SH
Hugoton Rty Tr Tex UNIT BEN INT 444717102 $ 1,493 95,200 SH
Lucent Technologies Inc COM 549463107 $ 1,681 55,000 SH
Meridian Resource Corp COM 58977q109 $ 14,614 2,125,629 SH
Mexico Fd Inc COM 592835102 $ 551 35,000 SH
Navigators Group Inc COM 638904102 $ 2,496 234,884 SH
Nokia Corp SPONSORED ADR 654902204 $ 796 20,000 SH
Plains All Amern Pipeline L P UNIT LTD PARTN 726503105 $ 4,247 219,200 SH
Plains Res Inc COM PAR $0.10 726540503 $ 44,042 2,333,326 SH
Prime Retail Inc PFD CONV SER B 741570303 $ 284 79,800 SH
Putnam Master Inter Income Tr SH BEN INT 746909100 $ 373 58,000 SH
Range Res Corp COM 75281a109 $ 144 30,000 SH
Right Start Inc COM NEW 766574206 $ 3,463 1,731,419 SH
Sports Club Inc COM 84917p100 $ 2,733 683,200 SH
TC Pipelines LP UT COM LTD PRT 87233q108 $ 306 15,600 SH
Texaco Inc. COM 881694103 $ 787 15,000 SH
Ugly Duckling Corp COM 903512101 $ 206 35,500 SH
Worldwide Dollarvest Fd Inc COM 981564107 $ 89 14,600 SH
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$ 102,326
</TABLE>
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 6 COLUMN 7 COLUMN 8
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INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER DISCRETION MANAGERS SOLE SHARED NONE
-----------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Globalstar Telecommunictns Ltd SOLE 82,000
Loral Space & Communications SOLE 19,700
ACM Govt Secs Fd Inc SOLE 75,000
ACM Govt Spectrum Fd Inc SOLE 85,200
AT&T Corp SOLE 20,000
AXA Finl Inc SOLE 10,000
Bestfoods SOLE 15,400
Big Dog Hldgs Inc SOLE 145,902
CVB Finl Corp SOLE 20,531
Cannondale Corp SOLE 544,801
Capital Automotive REIT SOLE 16,500
Center Tr Inc SOLE 14,000
Chase Manhattan Corp New SOLE 20,000
Dresdner RCM Glbl Stratgc Incm SOLE 35,000
Dynegy Inc New SOLE 20,000
El Paso Energy Corp Del SOLE 15,000
El Paso Energy Partners L P SOLE 18,400
Glacier Water Svcs Inc SOLE 1,022,493
Glenborough Rlty Tr Inc SOLE 42,500
Hugoton Rty Tr Tex SOLE 95,200
Lucent Technologies Inc SOLE 55,000
Meridian Resource Corp SOLE 2,125,629
Mexico Fd Inc SOLE 35,000
Navigators Group Inc SOLE 234,884
Nokia Corp SOLE 20,000
Plains All Amern Pipeline L P SOLE 219,200
Plains Res Inc SOLE 2,333,326
Prime Retail Inc SOLE 79,800
Putnam Master Inter Income Tr SOLE 58,000
Range Res Corp SOLE 30,000
Right Start Inc SOLE 1,731,419
Sports Club Inc SOLE 683,200
TC Pipelines LP SOLE 15,600
Texaco Inc. SOLE 15,000
Ugly Duckling Corp SOLE 35,500
Worldwide Dollarvest Fd Inc SOLE 14,600
</TABLE>
