-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OQOvpOovIycRb0TdJFpa77ORUd5pDBbse88WtRIsJ99P/C725UU+shco+vfoSQz3 r/cGk6M0pXLBIpd0ZEu3CQ== <SEC-DOCUMENT>0000949509-03-000006.txt : 20030513 <SEC-HEADER>0000949509-03-000006.hdr.sgml : 20030513 <ACCEPTANCE-DATETIME>20030512190746 ACCESSION NUMBER: 0000949509-03-000006 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030331 FILED AS OF DATE: 20030513 EFFECTIVENESS DATE: 20030513 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OAKTREE CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0000949509 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-05050 FILM NUMBER: 03693739 BUSINESS ADDRESS: STREET 1: 333 S GRAND AVENUE 28TH FL CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 2138306300 MAIL ADDRESS: STREET 2: 333 S GRAND AVE 28TH FL CITY: LOS ANGLES STATE: CA ZIP: 90071 </SEC-HEADER> <DOCUMENT> <TYPE>13F-HR <SEQUENCE>1 <FILENAME>r13f1stq.txt <DESCRIPTION>OAKTREE CAPITAL MANAGEMENT LLC 13F 3/31/03 <TEXT> FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2003 Check here if Amendment [ ] ; Amendment Number: This Amendment (Check only one.) : [ ] is a restatement. [ ] adds new holding entries. Institutional Manager Filing this Report: Name: Oaktree Capital Management, LLC Address:333 South Grand Avenue 28 Floor Los Angeles, CA 90071 13F File Number: 28-5050 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: Kristin H. Scott Title: Senior Vice President Phone: 213-830-6225 Signature, Place, and Date of Signing: Kristin H. Scott Los Angeles, CA May 12, 2003 Report Type (Check only one.): [ X ] 13F HOLDINGS REPORT [ ] 13F NOTICE REPORT [ ] 13F COMBINATION REPORT List of Other Managers Reporting for this Manager: <PAGE> FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 184 Form 13F Information Table Value Total: $1,877,684 List of Other Included Managers: No. 13F File Number Name <PAGE> <TABLE> FORM 13F INFORMATION TABLE <CAPTION> <C> <C> VALUE SHARES/ SH/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN DSCRETN MRGRS SOLE SHAREDNONE ACXIOM CORP NOTE 3.750%2/1 005125AB5 9,279 7,650,000 PRN SOLE AFFYMETRIX INC NOTE 4.750%2/1 00826TAD0 1,740 1,970,000 PRN SOLE AFFYMETRIX INC NOTE 5.000%10/0 00826TAB4 3,414 3,520,000 PRN SOLE ALDERWOODS GROUP INC COM 014383103 24,898 7,113,619 SH SOLE ALPHARMA INC NOTE 3.000%6/0 020813AD3 6,826 6,705,000 PRN SOLE ALZA CORP SDCV 7/2 02261WAB5 12,714 15,600,000 PRN SOLE AMAZON COM INC NOTE 4.750%2/0 023135AF3 2,548 3,000,000 PRN SOLE AMERICA MOVIL S A DE CV SPON ADR L SHS 02364W105 10,227 764,900 SH SOLE AMERICA ONLINE INC DEL NOTE 12/0 02364JAC8 6,509 11,150,000 PRN SOLE AMERICAN TOWER CORP NOTE 2.250%10/1 029912AD4 793 1,000,000 PRN SOLE AMERICAN TOWER CORP NOTE 5.000%2/1 029912AF9 4,161 5,300,000 PRN SOLE AMERICAN TOWER CORP NOTE 6.250%10/1 029912AB8 2,803 3,400,000 PRN SOLE AMGEN INC NOTE 3/0 031162AE0 11,147 14,500,000 PRN SOLE AMKOR TECHNOLOGY INC NOTE 5.000%3/1 031652AH3 864 1,250,000 PRN SOLE AMKOR TECHNOLOGY INC NOTE 5.750%6/0 031652AN0 3,383 4,500,000 PRN SOLE ANADIGICS INC NOTE 5.000%11/1 032515AB4 2,290 3,000,000 PRN SOLE ANIXTER INTL INC NOTE 6/2 035290AC9 1,950 6,020,000 PRN SOLE ANTEC CORP NOTE 4.500%5/1 03664PAB1 1,476 1,500,000 PRN SOLE APT SATELLITE HOLDINGS LTD SPONSORED ADR 00203R105 3,005 1,878,286 SH SOLE ASAT HLDGS LTD SPONSORED ADR 00208B105 3,009 6,540,250 SH SOLE ASE TEST LTD ORD Y02516105 4,778 1,516,966 SH SOLE ASPECT TELECOMMUNICATIONS CO SDCV 8/1 045237AE4 2,641 6,500,000 PRN SOLE ASPEN TECHNOLOGY INC SDCV 5.250%6/1 045327AB9 1,553 2,096,000 PRN SOLE ATMEL CORP SDCV 5/2 049513AE4 1,247 4,000,000 PRN SOLE AVAYA INC NOTE 10/3 053499AA7 7,245 15,750,000 PRN SOLE AVIRON NOTE 5.250%2/0 053762AD2 1,040 1,000,000 PRN SOLE AVON PRODS INC NOTE 7/1 054303AP7 17,004 31,365,000 PRN SOLE BAXTER INTL INC CORP UNITS 7% 071813406 4,671 121,300 SH SOLE BEA SYS INC NOTE 4.000%12/1 073325AD4 2,335 2,500,000 PRN SOLE BENCHMARK ELECTR INC NOTE 6.000%8/1 08160HAC5 4,809 4,750,000 PRN SOLE BIOPURE CORP CL A 09065H105 6,018 1,801,907 SH SOLE BRIGGS & STRATTON CORP NOTE 5.000%5/1 109043AE9 13,017 12,130,000 PRN SOLE BROCADE COMMUNICATIONS SYS I NOTE 2.000%1/0 111621AB4 5,025 6,500,000 PRN SOLE CALPINE CORP NOTE 4.000%12/2 131347BA3 2,639 4,000,000 PRN SOLE CAMINUS CORP COM 133766105 20,076 2,509,473 SH SOLE CBRL GROUP INC NOTE 4/0 12489VAB2 10,438 23,000,000 PRN SOLE CELESTICA INC NOTE 8/0 15101QAA6 57,137 115,590,000 PRN SOLE CEPHALON INC NOTE 2.500%12/1 156708AE9 22,453 25,000,000 PRN SOLE CEPHALON INC NOTE 5.250%5/0 156708AC3 615 640,000 PRN SOLE CHARMING SHOPPES INC NOTE 4.750%6/0 161133AC7 3,166 3,950,000 PRN SOLE CHARTER COMMUNICATIONS INC D NOTE 5.750%10/1 16117MAB3 4,200 20,000,000 PRN SOLE CHECKFREE HLDGS CORP NOTE 6.500%12/0 162816AC6 5,819 6,000,000 PRN SOLE CHECKPOINT SYS INC SDCV 5.250%11/0 162825AB9 7,847 8,327,000 PRN SOLE CHINA UNICOM LTD SPONSORED ADR 16945R104 415 75,000 SH SOLE CHUBB CORP CORP UNIT % 171232309 6,388 298,500 SH SOLE CIENA CORP NOTE 3.750%2/0 171779AA9 3,565 4,650,000 PRN SOLE CKE RESTAURANTS INC NOTE 4.250%3/1 12561EAB1 1,512 1,597,000 PRN SOLE COLLAGENEX PHARMACEUTICALS I COM 19419B100 3,324 431,733 SH SOLE COMMSCOPE INC NOTE 4.000%12/1 203372AB3 1,292 1,500,000 PRN SOLE COMPANHIA VALE DO RIO DOCE SPONSORED ADR 204412209 3,989 148,000 SH SOLE COMPANIA ANONIMA NACIONL TEL SPON ADR D 204421101 19,300 2,149,199 SH SOLE COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 8,050 322,000 SH SOLE COMPANIA DE TELECOMUNICS CH I SPON ADR NEW 204449300 10,124 1,074,700 SH SOLE COMPUTER NETWORK TECHNOLOGY NOTE 3.000%2/1 204925AC5 5,149 6,600,000 PRN SOLE COMVERSE TECHNOLOGY INC DBCV 1.500%12/0 205862AJ4 3,650 4,000,000 PRN SOLE COR THERAPEUTICS INC NOTE 5.000%3/0 217753AD4 1,650 1,500,000 PRN SOLE CORNING INC DBCV 11/0 219350AJ4 48,864 48,500,000 PRN SOLE CORNING INC NOTE 3.500%11/0 219350AK1 82,280 121,000,000 PRN SOLE COUNTRYWIDE FINANCIAL CORP NOTE 2/0 222372AE4 20,943 25,000,000 PRN SOLE DIXIE GROUP INC SDCV 7.000% 5/1 255519AA8 107 178,000 PRN SOLE DOUBLECLICK INC NOTE 4.750%3/1 258609AC0 6,416 6,650,000 PRN SOLE DUANE READE INC NOTE 2.147%4/1 263578AC0 3,861 8,000,000 PRN SOLE E TRADE GROUP INC NOTE 6.000%2/0 269246AB0 6,727 8,450,000 PRN SOLE ECHOSTAR COMMUNICATIONS NEW NOTE 4.875%1/0 278762AD1 3,671 3,780,000 PRN SOLE ECHOSTAR COMMUNICATIONS NEW NOTE 5.750%5/1 278762AG4 48,537 47,380,000 PRN SOLE EDO CORP NOTE 5.250%4/1 281347AD6 1,012 1,000,000 PRN SOLE ELAN FIN CORP LTD NOTE 12/1 284129AC7 4,341 8,950,000 PRN SOLE EMBOTELLADORA ANDINA S A SPON ADR B 29081P303 18,363 2,820,700 SH SOLE EMCORE CORP NOTE 5.000%5/1 290846AB0 987 2,000,000 PRN SOLE EMMIS COMMUNICATIONS CORP PFD CV SER A 291525202 2,016 50,000 SH SOLE ENZON PHARMACEUTICALS INC NOTE 4.500%7/0 293904AB4 5,480 7,000,000 PRN SOLE FINISAR NOTE 5.250%10/1 31787AAC5 516 1,100,000 PRN SOLE FIRST DATA CORP DEBT 2.000%3/0 319963AD6 16,134 14,500,000 PRN SOLE FIRST UN REAL EST EQ & MTG INV SH BEN INT 337400105 118 70,000 SH SOLE FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 14,456 434,500 SH SOLE FOREST OIL CORP COM PAR $0.01 346091705 62,605 2,807,399 SH SOLE FREEPORT-MCMORAN COPPER & GO PFD CV 0.05SH 35671D501 4,694 225,000 SH SOLE GENCORP INC NOTE 5.750%4/1 368682AE0 2,335 2,750,000 PRN SOLE GENERAL MTRS CORP DEB SR CONV A 370442741 4,606 192,300 PRN SOLE GENERAL SEMICONDUCTOR INC NOTE 5.750%12/1 370787AB9 1,258 1,315,000 PRN SOLE GENESIS HEALTH VENTURE INC N COM 37183F107 27,346 1,840,269 SH SOLE GETTY IMAGES INC NOTE 5.000%3/1 374276AE3 59,594 62,570,000 PRN SOLE GTECH HLDGS CORP DBCV 1.750%12/1 400518AB2 3,914 2,795,000 PRN SOLE HANOVER COMPRESSOR CO NOTE 4.750% 3/1 410768AC9 1,545 1,925,000 PRN SOLE HARMONY GOLD MNG LTD SPONSORED ADR 413216300 2,995 244,900 SH SOLE HEALTH MGMT ASSOC INC NEW NOTE 1/2 421933AD4 9,506 10,900,000 PRN SOLE HEALTH MGMT ASSOC INC NEW SDCV 0.250% 8/1 421933AB8 3,671 5,500,000 PRN SOLE HEXCEL CORP SDCV 7.000%8/0 428290AA8 1,938 2,809,000 PRN SOLE HUMAN GENOME SCIENCES INC NOTE 5.000%2/0 444903AF5 1,640 2,000,000 PRN SOLE ICN PHARMACEUTICALS INC NEW NOTE 6.500%7/1 448924AM2 5,105 6,000,000 PRN SOLE IMCLONE SYS INC NOTE 5.500%3/0 45245WAD1 1,324 1,500,000 PRN SOLE IMPERIAL PGK CORP COM 453077109 62,605 2,807,399 SH SOLE INCO LTD NOTE 3/2 453258AM7 18,532 28,600,000 PRN SOLE INTERPUBLIC GROUP COS INC NOTE 1.800%9/1 460690AF7 2,330 2,500,000 PRN SOLE INTERPUBLIC GROUP COS INC NOTE 1.870%6/0 460690AJ9 4,210 5,050,000 PRN SOLE INVITROGEN CORP NOTE 2.250%12/1 46185RAD2 6,097 7,000,000 PRN SOLE IVAX CORP NOTE 4.500%5/1 465823AG7 5,178 6,000,000 PRN SOLE IVAX CORP NOTE 5.500%5/1 465823AD4 3,653 3,825,000 PRN SOLE JOY GLOBAL INC COM 481165108 43,766 4,041,200 SH SOLE KT CORP SPONSORED ADR 48268K101 8,698 506,578 SH SOLE KULICKE & SOFFA INDS INC NOTE 4.750%12/1 501242AE1 3,948 6,000,000 PRN SOLE L-3 COMMUNICATIONS HLDGS INC DEBT 4.000%9/1 502424AD6 16,489 15,555,000 PRN SOLE LAMAR ADVERTISING CO NOTE 5.250%9/1 512815AF8 3,829 3,800,000 PRN SOLE LODGIAN INC COM NEW 54021P205 4,562 1,578,611 SH SOLE LOWES COS INC NOTE 2/1 548661CF2 22,819 30,000,000 PRN SOLE LSI LOGIC CORP NOTE 4.000%11/0 502161AG7 3,416 4,000,000 PRN SOLE MARKEL CORP NOTE 6/0 570535AC8 10,436 32,000,000 PRN SOLE MEDIACOM COMMUNICATIONS CORP NOTE 5.250%7/0 58446KAA3 6,826 7,300,000 PRN SOLE MEDICIS PHARMACEUTICAL CORP NOTE 2.500% 6/0 58470KAA2 9,583 8,000,000 PRN SOLE MEDTRONIC INC DBCV 1.250%9/1 585055AB2 34,303 32,710,000 PRN SOLE MENTOR GRAPHICS CORP NOTE 6.875%6/1 587200AB2 282 300,000 PRN SOLE MERCURY INTERACTIVE CORP NOTE 4.750%7/0 589405AB5 946 1,000,000 PRN SOLE MIRANT CORP DBCV 2.500%6/1 604675AB4 3,050 4,920,000 PRN SOLE MIRANT CORP NOTE 5.750%7/1 604675AC2 2,598 5,000,000 PRN SOLE NAVISTAR FINL CORP NOTE 4.750% 4/0 638902AM8 10,502 13,000,000 PRN SOLE NCO GROUP INC NOTE 4.750%4/1 628858AB8 5,441 6,250,000 PRN SOLE NEWFIELD FINL TR I QUIPS SER A 651291205 8,791 162,800 SH SOLE NEXTEL COMMUNICATIONS INC NOTE 4.750%7/0 65332VAT0 27,064 28,500,000 PRN SOLE NEXTEL COMMUNICATIONS INC NOTE 6.000%6/0 65332VBC6 29,587 30,250,000 PRN SOLE NORTEL NETWORKS CORP NEW NOTE 4.250% 9/0 656568AB8 58,830 79,500,000 PRN SOLE NORTEL NETWORKS CORP NEW NOTE 4.250%9/0 656568AB8 36,939 49,500,000 PRN SOLE NVIDIA CORP NOTE 4.750%10/1 67066GAA2 2,809 3,000,000 PRN SOLE OAK INDS INC NOTE 4.875%3/0 671400AL3 1,089 1,341,000 PRN SOLE OMNICARE INC SDCV 5.000%12/0 681904AD0 5,158 5,125,000 PRN SOLE P T TELEKOMUNIKASI INDONESIA SPONSORED ADR 715684106 651 80,000 SH SOLE PANAMERICAN BEVERAGES INC CL A P74823108 55,570 2,563,200 SH SOLE PENN TRAFFIC CO NEW COM NEW 707832200 2,138 1,724,396 SH SOLE PENNEY J C INC NOTE 5.000%10/1 708160BV7 19,951 19,620,000 PRN SOLE PEP BOYS MANNY MOE & JACK NOTE 4.250% 6/0 713278AP4 3,842 4,500,000 PRN SOLE PERFORMANCE FOOD GROUP CO NOTE 5.500% 10/1 713755AA4 2,261 1,915,000 PRN SOLE PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V101 13,727 997,600 SH SOLE PHOTRONICS INC NOTE 4.750%12/1 719405AC6 4,469 5,000,000 PRN SOLE PHOTRONICS INC NOTE 6.000%6/0 719405AA0 1,981 2,000,000 PRN SOLE PREMIERE TECHNOLOGIES INC NOTE 5.750%7/0 74058FAC6 6,901 7,475,000 PRN SOLE PROVIDIAN FINL CORP NOTE 2/1 74406AAB8 6,392 17,500,000 PRN SOLE PROVIDIAN FINL CORP NOTE 3.250%8/1 74406AAA0 795 1,000,000 PRN SOLE PROVINCE HEALTHCARE CO NOTE 4.500%11/2 743977AC4 1,880 2,000,000 PRN SOLE QUANTA SVCS INC NOTE 4.000%7/0 74762EAA0 4,106 5,865,000 PRN SOLE QUANTA SVCS INC NOTE 4.000%7/0 74762EAA0 69,013 103,005,000 PRN SOLE RADISYS CORP NOTE 5.500% 8/1 750459AB5 1,743 2,000,000 PRN SOLE RADWARE LTD ORD M81873107 3,059 301,340 SH SOLE REDBACK NETWORKS INC NOTE 5.000% 4/0 757209AB7 10,237 37,227,001 PRN SOLE REINSURANCE GROUP AMER INC PFD TR INC EQ 759351307 4,762 100,000 SH SOLE RENAL TREATMENT CTRS INC NOTE 5.625%7/1 759671AC4 1,699 1,660,000 PRN SOLE REPTRON ELECTRONICS INC NOTE 6.750%8/0 76026WAA7 510 1,500,000 PRN SOLE RES-CARE INC NOTE 6.000%12/0 760943AC4 5,924 6,535,000 PRN SOLE RF MICRODEVICES INC NOTE 3.750%8/1 749941AB6 5,804 6,300,000 PRN SOLE RITE AID CORP NOTE 4.750%12/0 767754BA1 5,175 6,030,000 PRN SOLE ROGERS COMMUNICATIONS INC DBCV 2.000% 11/2 775109AE1 3,848 4,500,000 PRN SOLE ROYAL CARIBBEAN CRUISES LTD NOTE 2/0 780153AK8 6,000 15,100,000 PRN SOLE ROYAL CARIBBEAN CRUISES LTD NOTE 5/1 780153AM4 14,114 33,618,000 PRN SOLE S L INDS INC COM 784413106 3,092 525,000 SH SOLE SANMINA SCI CORP NOTE 4.250%5/0 800907AB3 1,955 2,000,000 PRN SOLE SCI SYS INC NOTE 3.000%3/1 783890AF3 5,592 7,000,000 PRN SOLE SCIENTIFIC GAMES CORP CL A 80874P109 21,060 3,900,000 SH SOLE SEALED AIR CORP NEW PFD CV A $2 81211K209 41,961 912,600 SH SOLE SEMTECH CORP NOTE 4.500%2/0 816850AD3 3,064 3,250,000 PRN SOLE SERVICE CORP INTL NOTE 6.750%6/2 817565AU8 47,261 52,960,000 PRN SOLE SHAW GROUP INC NOTE 5/0 820280AC9 942 1,484,000 PRN SOLE SK TELECOM LTD SPONSORED ADR 78440P108 4,906 360,200 SH SOLE SKECHERS U S A INC NOTE 4.500% 4/1 830566AB1 2,053 2,431,000 PRN SOLE STANDARD MTR PRODS INC SDCV 6.750%7/1 853666AB1 1,462 1,800,000 PRN SOLE SUNRISE ASSISTED LIVING INC NOTE 5.250%2/0 86768KAE6 20,401 20,725,000 PRN SOLE SYSTEMS & COMPUTER TECHNOLOG SDCV 5.000%10/1 871873AB1 1,180 1,218,000 PRN SOLE TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 8,581 384,976 SH SOLE TEKELEC NOTE 3.250%11/0 879101AC7 3,700 4,000,000 PRN SOLE TELEFONOS DE MEXICO S A DBCV 4.250%6/1 879403AD5 1,684 1,500,000 PRN SOLE TELEFONOS DE MEXICO S A SPON ADR ORD L 879403780 19,481 655,500 SH SOLE TENARIS S A SPONSORED ADR 88031M109 3,367 152,759 SH SOLE TEVA PHARMACEUTICALS FIN LLC DBCV 1.500%10/1 88163VAB5 126 115,000 PRN SOLE TEVA PHARMACEUTICALS FIN NV NOTE 0.750%8/1 88163XAB1 48,598 43,402,000 PRN SOLE TOTAL RENAL CARE HLDGS INC NOTE 7.000%5/1 89151AAC1 4,372 4,300,000 PRN SOLE TRIQUINT SEMICONDUCTOR INC NOTE 4.000%3/0 89674KAB9 1,657 2,000,000 PRN SOLE UNITED PARCEL SERVICE INC NOTE 1.750%9/2 911312AB2 2,070 2,050,000 PRN SOLE UNIVERSAL HLTH SVCS INC DBCV 0.426%6/2 913903AL4 14,884 24,625,000 PRN SOLE VIROPHARMA INC NOTE 6.000%3/0 928241AC2 990 2,000,000 PRN SOLE WASHINGTON GROUP INTL INC COM NEW 938862208 2,511 143,149 SH SOLE WASTE CONNECTIONS INC NOTE 5.500%4/1 941053AB6 3,774 3,210,000 PRN SOLE WILSHIRE OIL CO TEX COM 971889100 441 120,400 SH SOLE WIND RIVER SYSTEMS INC NOTE 3.750%12/1 973149AE7 808 1,000,000 PRN SOLE WMX TECHNOLOGIES INC NOTE 2.000% 1/2 92929QAF4 934 1,000,000 PRN SOLE XEROX CORP SDCV 0.570%4/2 984121BB8 2,355 3,647,000 PRN SOLE XL CAP LTD DBCV 5/2 98372PAB4 15,004 23,750,000 PRN SOLE XM SATELLITE RADIO HLDGS INC NOTE 7.750%3/0 983759AA9 378 450,000 PRN SOLE </TABLE> /TEXT /DOCUMENT /SUBMISSION </TEXT> </DOCUMENT> </SEC-DOCUMENT> -----END PRIVACY-ENHANCED MESSAGE-----