<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>june13f.txt
<DESCRIPTION>ELLIOTT MANAGEMENT
<TEXT>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 2002
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: Elliott Management Corporation
Address: 712 Fifth Avenue, 36th floor
New York, NY 10019
13F File Number: 28-5115
The institutional investment manager filing this report and the person by
whom it is signed hereby represent that the person signing this report is
authorized to submit it, that all information contained herein is true, correct
and complete, and that it is understood that all reqired items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Paul Singer
Phone: 212-974-6000
Signature, Place, and Date of Signing:
Paul Singer New York, New York August 13, 2002
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES AND EXCHANGE ACT OF
1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 2
Form 13F Information Table Entry Total: 232
Form 13F Information Table Value Total: $845,469,478
List of Other Included Managers:
No. 13F File Number Name
01 28-4724 ELLIOTT ASSOCIATES, L.P.
02 28-6628 ELLIOTT INTERNATIONAL, L.P. (FORMERLY WESTGATE
INTERNATIONAL, L.P.)
<PAGE>
<TABLE>
FORM 13F INFORMATION TABLE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
3M CO COM 88579Y10 528,900 4,300 SHS DEFINED 01 0 4,300 0
3M CO COM 88579Y10 11,070,000 90,000 SHS P DEFINED 01 0 90,000 0
ACTV INC COM 00088E10 1,238,474 1,076,934 SHS DEFINED 01 0 1,076,934 0
AES CORP JR SBDB CV4.5%05 00130HAN 1,242,000 2,300 PRN DEFINED 01 0 2,300 0
AETHER SYS INC SUB NT CV 6%05 00808VAA 3,776,400 6,294 PRN DEFINED 01 0 6,294 0
AMAZON COM INC COM 02313510 659,745 40,500 SHS DEFINED 01 0 40,500 0
AMBAC FINL COM 02313910 1,693,440 25,200 SHS DEFINED 01 0 25,200 0
GROUP INC
AMBAC FINL COM 02313910 12,096,000 180,000 SHS P DEFINED 01 0 180,000 0
GROUP INC
AMERICAN INTL COM 02687410 1,074,623 15,750 SHS DEFINED 01 0 15,750 0
GROUP INC
AMERICAN INTL COM 02687410 12,281,400 180,000 SHS P DEFINED 01 0 180,000 0
GROUP INC
APPLIED DIGITAL COM 03818810 995,085 1,530,900 SHS DEFINED 01 0 1,530,900 0
SOLUTIONS
ASIA PAC FD INC COM 04490110 258,828 24,792 SHS DEFINED 01 0 24,792 0
AT & T CDA INC DEPS RCPT CL B 00207Q20 321,180 10,100 SHS DEFINED 01 0 10,100 0
AU OPTRONICS CORP SPONSORED ADR 00225510 6,044,902 727,425 SHS DEFINED 01 0 727,425 0
BANK OF AMERICA COM 06050510 3,391,352 48,200 SHS DEFINED 01 0 48,200 0
CORPORATION
BANK OF AMERICA COM 06050510 25,329,600 360,000 SHS P DEFINED 01 0 360,000 0
CORPORATION
BAYCORP HLDGS CORP COM 07272810 11,258,102 946,059 SHS DEFINED 01 0 946,059 0
BEAR STEARNS COS COM 07390210 1,762,560 28,800 SHS DEFINED 01 0 28,800 0
INC
BEAR STEARNS COS COM 07390210 11,016,000 180,000 SHS P DEFINED 01 0 180,000 0
INC
BLUEGREEN CORP COM 09623110 397,609 115,249 SHS DEFINED 01 0 115,249 0
BRITISH AWYS PLC ADR 2ND INSTAL 11041930 261,718 9,135 SHS DEFINED 01 0 9,135 0
CABLEVISION SYS CL A NY CABLVS 12686C10 212,850 22,500 SHS DEFINED 01 0 22,500 0
CORP
CABLEVISION SYS CL A NY CABLVS 12686C10 960,190 101,500 SHS P DEFINED 01 0 101,500 0
CORP
CELLSTAR CORP SUB NT CONV 5%02 150925AC 1,921,500 2,135 PRN DEFINED 01 0 2,135 0
CHUBB CORP COM 17123210 1,483,260 20,950 SHS DEFINED 01 0 20,950 0
CHUBB CORP COM 17123210 6,690,600 94,500 SHS P DEFINED 01 0 94,500 0
CIENA CORP COM 17177910 412,296 98,400 SHS DEFINED 01 0 98,400 0
CIGNA CORP COM 12550910 1,461,300 15,000 SHS DEFINED 01 0 15,000 0
CIGNA CORP COM 12550910 8,767,800 90,000 SHS P DEFINED 01 0 90,000 0
CISCO SYS INC COM 17275R10 1,883,250 135,000 SHS C DEFINED 01 0 135,000 0
CISCO SYS INC COM 17275R10 1,255,500 90,000 SHS P DEFINED 01 0 90,000 0
CMGI INC COM 12575010 297,880 607,919 SHS DEFINED 01 0 607,919 0
CMGI INC COM 12575010 469,626 958,421 SHS DEFINED 01 0 958,421 0
CNET INC SUB NT CONV 5%06 125945AC 4,441,680 7,164 PRN DEFINED 01 0 7,164 0
COCA COLA CO COM 19121610 1,041,600 18,600 SHS DEFINED 01 0 18,600 0
COCA COLA CO COM 19121610 17,640,000 315,000 SHS P DEFINED 01 0 315,000 0
CONEXANT SYSTEMS SUB NT CONV 4%07 207142AF 1,350,000 3,000 PRN DEFINED 01 0 3,000 0
INC
CONSECO INC COM 20846410 606,000 303,000 SHS DEFINED 01 0 303,000 0
CONSECO INC COM 20846410 27,000 13,500 SHS C DEFINED 01 0 13,500 0
COUNTRYWIDE CR INDS COM 22237210 1,490,925 30,900 SHS DEFINED 01 0 30,900 0
INC DEL
COUNTRYWIDE CR INDS COM 22237210 13,558,250 281,000 SHS P DEFINED 01 0 281,000 0
INC DEL
DICE INC COM 25301P10 219,856 105,700 SHS DEFINED 01 0 105,700 0
DIME BANCORP WT EXP 000002 25429Q11 200,458 2,004,575 SHS DEFINED 01 0 2,004,575 0
INC NEW
DOMINION RES INC COM 25746U10 1,754,300 26,500 SHS P DEFINED 01 0 26,500 0
VA NEW
DUKE ENERGY CORP COM 26439910 2,721,250 87,500 SHS P DEFINED 01 0 87,500 0
EARTHWEB INC SUB NT CONV 7%05 27032CAB 5,284,650 15,099 PRN DEFINED 01 0 15,099 0
EGAIN COMMUNICATIONS COM 28225C10 58,275 215,834 SHS DEFINED 01 0 215,834 0
ELECTRIC FUEL CORP COM 28487110 84,548 91,900 SHS DEFINED 01 0 91,900 0
EXELON CORP COM 30161N10 2,327,350 44,500 SHS P DEFINED 01 0 44,500 0
FEDERAL HOME LN COM 31340030 593,640 9,700 SHS DEFINED 01 0 9,700 0
MTG CORP
FEDERAL HOME LN COM 31340030 2,962,080 48,400 SHS P DEFINED 01 0 48,400 0
MTG CORP
FEDERATED DEPT COM 31410H10 9,179,275 231,216 SHS DEFINED 01 0 231,216 0
STORES INC DEL
GEMSTAR-TV GUIDE COM 36866W10 486,000 90,000 SHS C DEFINED 01 0 90,000 0
INTL INC
GEMSTAR-TV GUIDE COM 36866W10 486,000 90,000 SHS P DEFINED 01 0 90,000 0
INTL INC
GENERAL ELEC CO COM 36960410 2,614,500 90,000 SHS P DEFINED 01 0 90,000 0
GENEREX BIO COM 37148510 175,500 58,500 SHS DEFINED 01 0 58,500 0
TECHNOLOGY CP DEL
GENEREX BIO COM 37148510 97,296 32,432 SHS DEFINED 01 0 32,432 0
TECHNOLOGY CP DEL
GILEAD SCIENCES INC COM 37555810 296,550 9,000 SHS P DEFINED 01 0 9,000 0
GILEAD SCIENCES INC SUB NT CV 5%07 375558AB 7,588,969 4,950 PRN DEFINED 01 0 4,950 0
GLOBAL POWER COM 37941P10 1,247,400 126,000 SHS DEFINED 01 0 126,000 0
EQUIPMENT INC
GLOBAL POWER COM 37941P10 1,113,750 112,500 SHS DEFINED 01 0 112,500 0
EQUIPMENT INC
HECLA MNG CO COM 42270410 234,500 50,000 SHS DEFINED 01 0 50,000 0
HOLLYWOOD MEDIA COM 43623310 54,968 27,484 SHS DEFINED 01 0 27,484 0
CORP
HORIZON OFFSHORE COM 44043J10 17,494,012 2,075,209 SHS DEFINED 01 0 2,075,209 0
INC
ICN PHARMACEUTICALS COM 44892410 2,065,621 85,321 SHS DEFINED 01 0 85,321 0
INC NEW
INFOSYS TECHNOLOGIES SPONSORED ADR 45678810 2,684,176 52,029 SHS DEFINED 01 0 52,029 0
LTD
INTERDIGITAL COM 45866A10 466,980 51,600 SHS DEFINED 01 0 51,600 0
COMMUNICATIONS CP
ISCO INTL INC COM 46426P10 - 18,974,497 SHS DEFINED 01 0 18,974,497 0
ISCO INTL INC COM 46426P10 - 9,662,491 SHS DEFINED 01 0 9,662,491 0
K MART CORP COM 48258410 852,325 827,500 SHS DEFINED 01 0 827,500 0
KMART FING I PFD TRCV 7.75% 49877820 822,000 137,000 SHS DEFINED 01 0 137,000 0
L-3 COMMUNICATIONS COM 50242410 1,271,700 23,550 SHS DEFINED 01 0 23,550 0
HLDGS INC
L-3 COMMUNICATIONS SR SB CV 5.25%09 502424AB 13,235,625 9,000 PRN DEFINED 01 0 9,000 0
HLDGS INC
L-3 COMMUNICATIONS COM 50242410 4,860,000 90,000 SHS P DEFINED 01 0 90,000 0
HLDGS INC
LEVEL 3 COM 52729N10 1,450,104 489,900 SHS DEFINED 01 0 489,900 0
COMMUNICATIONS INC
LEVEL 3 SUB NT CV 6%10 52729NAS 2,380,500 10,350 PRN DEFINED 01 0 10,350 0
COMMUNICATIONS INC
LIFEPOINT INC COM 53215R10 47,952 16,650 SHS DEFINED 01 0 16,650 0
LIFEPOINT INC COM 53215R10 59,766 20,752 SHS DEFINED 01 0 20,752 0
M D C HLDGS INC COM 55267610 2,642,640 50,820 SHS DEFINED 01 0 50,820 0
MAHANAGAR TEL SPONS ADR 2001 55977840 1,030,505 175,256 SHS DEFINED 01 0 175,256 0
NIGAM LTD
MBIA INC COM 55262C10 763,155 13,500 SHS DEFINED 01 0 13,500 0
MBIA INC COM 55262C10 5,087,700 90,000 SHS P DEFINED 01 0 90,000 0
METROMEDIA INTL COM 59169510 12,500 156,245 SHS DEFINED 01 0 156,245 0
GROUP INC
MEXICO FD INC COM 59283510 2,756,117 168,673 SHS DEFINED 01 0 168,673 0
MGIC INVT CORP WIS COM 55284810 427,140 6,300 SHS DEFINED 01 0 6,300 0
MGIC INVT CORP WIS COM 55284810 6,102,000 90,000 SHS P DEFINED 01 0 90,000 0
NASDAQ 100 TR UNIT SER 1 63110010 19,575,000 750,000 SHS C DEFINED 01 0 750,000 0
NASDAQ 100 TR UNIT SER 1 63110010 11,157,750 427,500 SHS DEFINED 01 0 427,500 0
NEXTEL SR NT CV 6%11 65332VBC 6,159,375 13,500 PRN DEFINED 01 0 13,500 0
COMMUNICATIONS INC
NORTEL NETWORKS GTD SR CV4.25%08 656568AB 425,250 900 PRN DEFINED 01 0 900 0
CORP NEW
OIL SVC HOLDRS TR DEPOSTRY RCPT 67800210 688,464 11,200 SHS DEFINED 01 0 11,200 0
OVERSTOCK COM COM 69037010 925,865 65,851 SHS DEFINED 01 0 65,851 0
INC DEL
PACIFIC RIM MNG COM NEW 69491520 529,527 854,075 SHS DEFINED 01 0 854,075 0
CORP
PEROT SYS CORP CL A 71426510 381,150 35,000 SHS P DEFINED 01 0 35,000 0
PLUG POWER INC COM 72919P10 310,072 39,200 SHS DEFINED 01 0 39,200 0
SEALED AIR CORP COM 81211K10 753,049 18,700 SHS DEFINED 01 0 18,700 0
NEW
SEALED AIR CORP COM 81211K10 2,718,225 67,500 SHS P DEFINED 01 0 67,500 0
NEW
SIRIUS SATELLITE COM 82966U10 367,478 97,500 SHS DEFINED 01 0 97,500 0
RADIO INC
SORRENTO NETWORKS COM 83586Q10 40,674 41,932 SHS DEFINED 01 0 41,932 0
CORP
SPDR TR UNIT SER 1 78462F10 3,518,028 35,550 SHS DEFINED 01 0 35,550 0
SPRINT CORP PCS COM SER 1 85206150 2,534,043 566,900 SHS DEFINED 01 0 566,900 0
TELECOMM ARGENTINA SPON ADR REP B 87927320 394,095 606,300 SHS DEFINED 01 0 606,300 0
STET-FRANCE
TEMPLETON RUS AND COM 88022F10 414,100 20,500 SHS DEFINED 01 0 20,500 0
EAST EUR FD
TOYS R US INC COM 89233510 1,254,695 71,820 SHS DEFINED 01 0 71,820 0
TYCO INTL LTD NEW COM 90212410 4,107,040 304,000 SHS C DEFINED 01 0 304,000 0
TYCO INTL LTD NEW COM 90212410 4,924,395 364,500 SHS P DEFINED 01 0 364,500 0
UAL CORP COM PAR $0.01 90254950 6,435,000 562,500 SHS P DEFINED 01 0 562,500 0
UNITED SPONSORED ADR 91087320 6,813,450 927,000 SHS DEFINED 01 0 927,000 0
MICROELECTRONICS CORP
UNIVERSAL HLTH CL B 91390310 3,684,800 75,200 SHS DEFINED 01 0 75,200 0
SVCS INC
VIA NET WRKS INC COM 92591210 232,181 293,900 SHS DEFINED 01 0 293,900 0
VION PHARMACEUTICALS COM 92762410 518,646 1,481,844 SHS DEFINED 01 0 1,481,844 0
INC
VIRAGEN INC COM 92763810 256,199 371,303 SHS DEFINED 01 0 371,303 0
VIROPHARMA INC SB NT CV 6%07 928241AC 810,000 2,250 PRN DEFINED 01 0 2,250 0
WEBEX INC COM 94767L10 807,720 50,800 SHS DEFINED 01 0 50,800 0
WELLS FARGO & COM 94974610 2,027,430 40,500 SHS DEFINED 01 0 40,500 0
CO NEW
WELLS FARGO & COM 94974610 11,263,500 225,000 SHS P DEFINED 01 0 225,000 0
CO NEW
WHIRLPOOL CORP COM 96332010 3,500,028 53,550 SHS DEFINED 01 0 53,550 0
WHIRLPOOL CORP COM 96332010 8,823,600 135,000 SHS P DEFINED 01 0 135,000 0
WHX CORP COM 92924810 8,331 10,545 SHS DEFINED 01 0 10,545 0
XANSER CORP COM 98389J10 42,224 23,200 SHS DEFINED 01 0 23,200 0
XM SATELLITE RADIO CL A 98375910 1,146,717 157,300 SHS DEFINED 01 0 157,300 0
HLDGS INC
ZWEIG FD COM 98983410 645,750 102,500 SHS DEFINED 01 0 102,500 0
3M CO COM 88579Y10 455,100 3,700 SHS DEFINED 02 0 3,700 0
3M CO COM 88579Y10 13,530,000 110,000 SHS P DEFINED 02 0 110,000 0
ACTV INC COM 00088E10 1,491,488 1,296,946 SHS DEFINED 02 0 1,296,946 0
AES CORP JR SBDB CV4.5%05 00130HAN 1,242,000 2,300 PRN DEFINED 02 0 2,300 0
AETHER SYS INC SUB NT CV 6%05 00808VAA 4,939,800 8,233 PRN DEFINED 02 0 8,233 0
AMAZON COM INC COM 02313510 806,355 49,500 SHS DEFINED 02 0 49,500 0
AMBAC FINL GROUP COM 02313910 2,069,760 30,800 SHS DEFINED 02 0 30,800 0
INC
AMBAC FINL GROUP COM 02313910 14,784,000 220,000 SHS P DEFINED 02 0 220,000 0
INC
AMERICAN INTL GROUP COM 02687410 1,313,428 19,250 SHS DEFINED 02 0 19,250 0
INC
AMERICAN INTL GROUP COM 02687410 15,010,600 220,000 SHS P DEFINED 02 0 220,000 0
INC
APPLIED DIGITAL COM 03818810 1,056,731 1,625,740 SHS DEFINED 02 0 1,625,740 0
SOLUTIONS
AT & T CDA INC DEPS RCPT CL B 00207Q20 394,320 12,400 SHS DEFINED 02 0 12,400 0
AU OPTRONICS CORP SPONSORED ADR 00225510 7,388,213 889,075 SHS DEFINED 02 0 889,075 0
BANK OF AMERICA COM 06050510 4,144,204 58,900 SHS DEFINED 02 0 58,900 0
CORPORATION
BANK OF AMERICA COM 06050510 30,958,400 440,000 SHS P DEFINED 02 0 440,000 0
CORPORATION
BAYCORP HLDGS CORP COM 07272810 11,837,513 994,749 SHS DEFINED 02 0 994,749 0
BEAR STEARNS COM 07390210 2,154,240 35,200 SHS DEFINED 02 0 35,200 0
COS INC
BEAR STEARNS COM 07390210 13,464,000 220,000 SHS P DEFINED 02 0 220,000 0
COS INC
BRITISH AWYS PLC ADR 2ND INSTAL 11041930 319,877 11,165 SHS DEFINED 02 0 11,165 0
CABLEVISION CL A NY CABLVS 12686C10 260,150 27,500 SHS DEFINED 02 0 27,500 0
SYS CORP
CABLEVISION CL A NY CABLVS 12686C10 1,121,010 118,500 SHS P DEFINED 02 0 118,500 0
SYS CORP
CELLSTAR CORP SUB NT CONV 5%02 150925AC 3,405,600 3,784 PRN DEFINED 02 0 3,784 0
CHUBB CORP COM 17123210 1,808,940 25,550 SHS DEFINED 02 0 25,550 0
CHUBB CORP COM 17123210 8,177,400 115,500 SHS P DEFINED 02 0 115,500 0
CIGNA CORP COM 12550910 1,850,980 19,000 SHS DEFINED 02 0 19,000 0
CIGNA CORP COM 12550910 10,716,200 110,000 SHS P DEFINED 02 0 110,000 0
CISCO SYS INC COM 17275R10 2,301,750 165,000 SHS C DEFINED 02 0 165,000 0
CISCO SYS INC COM 17275R10 1,534,500 110,000 SHS P DEFINED 02 0 110,000 0
CMGI INC COM 12575010 344,259 702,569 SHS DEFINED 02 0 702,569 0
CMGI INC COM 12575010 469,601 958,370 SHS DEFINED 02 0 958,370 0
CNET INC SUB NT CONV 5%06 125945AC 5,443,600 8,780 PRN DEFINED 02 0 8,780 0
COCA COLA CO COM 19121610 1,276,800 22,800 SHS DEFINED 02 0 22,800 0
COCA COLA CO COM 19121610 21,560,000 385,000 SHS P DEFINED 02 0 385,000 0
CONEXANT SYSTEMS INC SUB NT CONV 4%07 207142AF 1,575,000 3,500 PRN DEFINED 02 0 3,500 0
CONSECO INC COM 20846410 994,000 497,000 SHS DEFINED 02 0 497,000 0
CONSECO INC COM 20846410 33,000 16,500 SHS C DEFINED 02 0 16,500 0
COUNTRYWIDE CR INDS COM 22237210 1,819,025 37,700 SHS DEFINED 02 0 37,700 0
INC DEL
COUNTRYWIDE CR INDS COM 22237210 16,598,000 344,000 SHS P DEFINED 02 0 344,000 0
INC DEL
DICE INC COM 25301P10 205,088 98,600 SHS DEFINED 02 0 98,600 0
DIME BANCORP INC WT EXP 000002 25429Q11 245,004 2,450,035 SHS DEFINED 02 0 2,450,035 0
NEW
DOMINION RES INC COM 25746U10 2,151,500 32,500 SHS P DEFINED 02 0 32,500 0
VA NEW
DUKE ENERGY CORP COM 26439910 3,343,250 107,500 SHS P DEFINED 02 0 107,500 0
EARTHWEB INC SUB NT CONV 7%05 27032CAB 6,459,250 18,455 PRN DEFINED 02 0 18,455 0
EGAIN COMMUNICATIONS COM 28225C10 55,764 206,534 SHS DEFINED 02 0 206,534 0
ELECTRIC FUEL CORP COM 28487110 83,076 90,300 SHS DEFINED 02 0 90,300 0
EXELON CORP COM 30161N10 2,850,350 54,500 SHS P DEFINED 02 0 54,500 0
FEDERAL HOME LN COM 31340030 722,160 11,800 SHS DEFINED 02 0 11,800 0
MTG CORP
FEDERAL HOME LN COM 31340030 3,610,800 59,000 SHS P DEFINED 02 0 59,000 0
MTG CORP
GEMSTAR-TV GUIDE COM 36866W10 594,000 110,000 SHS C DEFINED 02 0 110,000 0
INTL INC
GEMSTAR-TV GUIDE COM 36866W10 594,000 110,000 SHS P DEFINED 02 0 110,000 0
INTL INC
GENERAL ELEC CO COM 36960410 3,195,500 110,000 SHS P DEFINED 02 0 110,000 0
GENEREX BIO- COM 37148510 175,500 58,500 SHS DEFINED 02 0 58,500 0
TECHNOLOGY CP DEL
GENEREX BIO- COM 37148510 97,296 32,432 SHS DEFINED 02 0 32,432 0
TECHNOLOGY CP DEL
GILEAD SCIENCES INC COM 37555810 362,450 11,000 SHS P DEFINED 02 0 11,000 0
GILEAD SCIENCES INC SUB NT CV 5%07 375558AB 9,275,406 6,050 PRN DEFINED 02 0 6,050 0
GLOBAL POWER COM 37941P10 1,227,600 124,000 SHS DEFINED 02 0 124,000 0
EQUIPMENT INC
GLOBAL POWER COM 37941P10 1,361,250 137,500 SHS DEFINED 02 0 137,500 0
EQUIPMENT INC
HECLA MNG CO COM 42270410 234,500 50,000 SHS DEFINED 02 0 50,000 0
HOLLYWOOD MEDIA CORP COM 43623310 55,164 27,582 SHS DEFINED 02 0 27,582 0
HORIZON OFFSHORE INC COM 44043J10 17,494,012 2,075,209 SHS DEFINED 02 0 2,075,209 0
INFOSYS TECHNOLOGIES SPONSORED ADR 45678810 2,598,588 50,370 SHS DEFINED 02 0 50,370 0
LTD
ISCO INTL INC COM 46426P10 - 20,827,456 SHS DEFINED 02 0 20,827,456 0
ISCO INTL INC COM 46426P10 - 10,606,083 SHS DEFINED 02 0 10,606,083 0
K MART CORP COM 48258410 646,325 627,500 SHS DEFINED 02 0 627,500 0
KMART FING I PFD TRCV 7.75% 49877820 1,004,400 167,400 SHS DEFINED 02 0 167,400 0
L-3 COMMUNICATIONS COM 50242410 1,433,700 26,550 SHS DEFINED 02 0 26,550 0
HLDGS INC
L-3 COMMUNICATIONS SR SB CV 5.25%09 502424AB 16,176,875 11,000 PRN DEFINED 02 0 11,000 0
HLDGS INC
L-3 COMMUNICATIONS COM 50242410 5,940,000 110,000 SHS P DEFINED 02 0 110,000 0
HLDGS INC
LEVEL 3 COM 52729N10 260,184 87,900 SHS DEFINED 02 0 87,900 0
COMMUNICATIONS INC
LEVEL 3 SUB NT CV 6%10 52729NAS 2,909,500 12,650 PRN DEFINED 02 0 12,650 0
COMMUNICATIONS INC
LIFEPOINT INC COM 53215R10 73,054 25,366 SHS DEFINED 02 0 25,366 0
MAHANAGAR TEL NIGAM SPONS ADR 2001 55977840 1,196,827 203,542 SHS DEFINED 02 0 203,542 0
LTD
MBIA INC COM 55262C10 932,745 16,500 SHS DEFINED 02 0 16,500 0
MBIA INC COM 55262C10 6,218,300 110,000 SHS P DEFINED 02 0 110,000 0
METROMEDIA INTL COM 59169510 290,388 3,629,855 SHS DEFINED 02 0 3,629,855 0
GROUP INC
MGIC INVT CORP WIS COM 55284810 522,060 7,700 SHS DEFINED 02 0 7,700 0
MGIC INVT CORP WIS COM 55284810 7,458,000 110,000 SHS P DEFINED 02 0 110,000 0
NASDAQ 100 TR UNIT SER 1 63110010 19,575,000 750,000 SHS C DEFINED 02 0 750,000 0
NASDAQ 100 TR UNIT SER 1 63110010 13,637,250 522,500 SHS DEFINED 02 0 522,500 0
NEXTEL SR NT CV 6%11 65332VBC 7,528,125 16,500 PRN DEFINED 02 0 16,500 0
COMMUNICATIONS INC
NORTEL NETWORKS CORP GTD SR CV4.25%08 656568AB 28,869,750 61,100 PRN DEFINED 02 0 61,100 0
NEW
OIL SVC HOLDRS TR DEPOSTRY RCPT 67800210 848,286 13,800 SHS DEFINED 02 0 13,800 0
OVERSTOCK COM COM 69037010 719,099 51,145 SHS DEFINED 02 0 51,145 0
INC DEL
PACIFIC RIM MNG CORP COM NEW 69491520 529,548 854,110 SHS DEFINED 02 0 854,110 0
PEROT SYS CORP CL A 71426510 544,500 50,000 SHS P DEFINED 02 0 50,000 0
PLUG POWER INC COM 72919P10 270,522 34,200 SHS DEFINED 02 0 34,200 0
SEALED AIR CORP NEW COM 81211K10 918,156 22,800 SHS DEFINED 02 0 22,800 0
SEALED AIR CORP NEW COM 81211K10 3,322,275 82,500 SHS P DEFINED 02 0 82,500 0
SIRIUS SATELLITE COM 82966U10 367,478 97,500 SHS DEFINED 02 0 97,500 0
RADIO INC
SORRENTO NETWORKS COM 83586Q10 52,308 53,926 SHS DEFINED 02 0 53,926 0
CORP
SOUTHERN PAC SPONS ADR NEW 84358140 1,283,619 87,025 SHS DEFINED 02 0 87,025 0
PETE NL
SPDR TR UNIT SER 1 78462F10 3,834,700 38,750 SHS DEFINED 02 0 38,750 0
SPRINT CORP PCS COM SER 1 85206150 3,098,157 693,100 SHS DEFINED 02 0 693,100 0
TELECOMM ARGENTINA SPON ADR REP B 87927320 337,285 518,900 SHS DEFINED 02 0 518,900 0
STET-FRANCE
TEMPLETON RUS AND COM 88022F10 353,500 17,500 SHS DEFINED 02 0 17,500 0
EAST EUR FD
TYCO INTL LTD NEW COM 90212410 5,012,210 371,000 SHS C DEFINED 02 0 371,000 0
TYCO INTL LTD NEW COM 90212410 6018705 445500 SHS P DEFINED 02 0 445,500 0
UAL CORP COM PAR $0.01 90254950 6,435,000.00 562,500.00 SHS P DEFINED 02 0 562,500 0
UNITED MICRO- SPONSORED ADR 91087320 8,327,550.00 1,133,000.00 SHS DEFINED 02 0 1,133,000 0
ELECTRONICS CORP
VIA NET WRKS INC COM 92591210 289851 366900 SHS DEFINED 02 0 366,900 0
VION PHARMACEUTICALS COM 92762410 519494 1484269 SHS DEFINED 02 0 1,484,269 0
INC
VIRAGEN INC COM 92763810 235983 342004 SHS DEFINED 02 0 342,004 0
VIROPHARMA INC SB NT CV 6%07 928241AC 990000 2750 PRN DEFINED 02 0 2,750 0
WEBEX INC COM 94767L10 782280 49200 SHS DEFINED 02 0 49,200 0
WELLS FARGO & COM 94974610 2477970 49500 SHS DEFINED 02 0 49,500 0
CO NEW
WELLS FARGO & COM 94974610 13766500 275000 SHS P DEFINED 02 0 275,000 0
CO NEW
WHIRLPOOL CORP COM 96332010 4447748 68050 SHS DEFINED 02 0 68,050 0
WHIRLPOOL CORP COM 96332010 10784400 165000 SHS P DEFINED 02 0 165,000 0
XM SATELLITE RADIO CL A 98375910 785862 107800 SHS DEFINED 02 0 107,800 0
HLDGS INC
ZWEIG FD COM 98983410 645750 102500 SHS DEFINED 02 0 102,500 0
</TABLE>
</TEXT>
</DOCUMENT>