13F-HR 1 dec3102.txt FORM 13F INFORMATION TABLE 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- American Elec. Power Co Inc. 9 PFD CV 025537200 1942 50000 SH DEFINED 50000 Capital One Financial Corp 6.2 PFD CV 14040H204 2865 100000 SH DEFINED 100000 DTE Energy Co. 8.75% Equity Se PFD CV 233331206 2047 75000 SH DEFINED 75000 Equity Securities Trust II 6.2 PFD CV 29477Q204 1693 85000 SH DEFINED 85000 Kerr-McGee Corp. DECS 5.5% 200 PFD CV 492386305 2568 60000 SH DEFINED 60000 Northrop Grumman Corp. 7.25% e PFD CV 666807409 3232 30000 SH DEFINED 30000 Platinum Undewriters Hlds.Ltd. PFD CV G7127P118 2268 80000 SH DEFINED 80000 Provident Financial Group 9% P PFD CV 74386X205 1052 40000 SH DEFINED 40000 Prudential Financial Capital T PFD CV 744320201 2456 45000 SH DEFINED 45000 RC Trust I 8.25% Equity Securi PFD CV 755111606 2184 40000 SH DEFINED 40000 Temple-Inland Inc. 7.5% Upper PFD CV 879868206 2269 50000 SH DEFINED 50000 The Chubb Corp. 7% equity unit PFD CV 171232309 1916 80000 SH DEFINED 80000 Toys R Us, Inc. 6.25% eq. sec. PFD CV 892335209 1009 30000 SH DEFINED 30000 Commerce Cap. Trust II 5.95% c PFD CV 20057R100 2237 40000 SH DEFINED 40000 Emmis Comm. Corp. 6.25% srs.A PFD CV 291525202 795 20000 SH DEFINED 20000 Ford Motor Company Cap. Trust PFD CV 345395206 1634 40000 SH DEFINED 40000 General Motors Corp. Series B PFD CV 370442733 1640 71000 SH DEFINED 71000 NY Community Capital Bancorp B PFD CV 64944P307 2060 40000 SH DEFINED 40000 National Australia Bank Ltd. 7 PFD CV 632525309 2604 80000 SH DEFINED 80000 Newell Financial Trust I 5 1/4 PFD CV 651195307 1480 32600 SH DEFINED 32600 Radio One Inc. 6 1/2% High Tid PFD CV 75040P603 1992 2000 SH DEFINED 2000 Reinsurance Group of America 5 PFD CV 759351307 3768 80000 SH DEFINED 80000 Washington Mutual Inc. Cap Tr PFD CV 939322848 1022 20000 SH DEFINED 20000 Washington Mutual Inc. Cap Tr PFD CV 93933U308 3579 70000 SH DEFINED 70000 Travelers Property Casualty Co PFD CV 89420G307 1790 80000 SH DEFINED 80000 Affiliated Computer Services, CONV 008190AF7 1379 1000000 PRN DEFINED 1000000 Affiliated Computer Services, CONV 008190AE0 1379 1000000 PRN DEFINED 1000000 Alza Corp. cv. sub deb. (3% YT CONV 02261WAB5 2590 3300000 PRN DEFINED 3300000 Amerisource Health Corp. cv. s CONV 03071PAB8 1928 1500000 PRN DEFINED 1500000 Analog Devices, Inc. cv. sub. CONV 032654AC9 2495 2500000 PRN DEFINED 2500000 Anixter International, Inc. li CONV 035290AA3 2380 8000000 PRN DEFINED 8000000 Anixter International, Inc. li CONV 035290AC9 1011 3400000 PRN DEFINED 3400000 Barnes & Noble, Inc. cv. sub. CONV 067774AD1 1923 2043000 PRN DEFINED 2043000 Bell Atlantic Fin'l Services c CONV 07785GAB6 2019 2000000 PRN DEFINED 2000000 Bisys Group, Inc. cv. sub. not CONV 055472AB0 472 500000 PRN DEFINED 500000 Bisys Group, Inc. cv. sub. not CONV 055472AA2 1888 2000000 PRN DEFINED 2000000 Brinker International, Inc. cv CONV 109641AC4 867 1250000 PRN DEFINED 1250000 Brinker International, Inc. cv CONV 109641AA8 694 1000000 PRN DEFINED 1000000 Brooks Automation, Inc. cv. su CONV 11434AAB6 375 500000 PRN DEFINED 500000 Brooks Automation, Inc. cv. su CONV 11434AAA8 1501 2000000 PRN DEFINED 2000000 Cephalon Inc. cv. notes CONV 156708AE9 1162 1250000 PRN DEFINED 1250000 Cephalon Inc. cv. notes 144A CONV 156708AD1 1395 1500000 PRN DEFINED 1500000 Charming Shoppes, Inc. sr. cv. CONV 161133AC7 395 500000 PRN DEFINED 500000 Charming Shoppes, Inc. sr. cv. CONV 161133AB9 2174 2750000 PRN DEFINED 2750000 Charter Communications, Inc. c CONV 16117MAB3 460 2000000 PRN DEFINED 2000000 Community Health Systems, Inc. CONV 203668AA6 1987 2000000 PRN DEFINED 2000000 Continental Airlines, Inc. cv. CONV 210795PD6 897 2000000 PRN DEFINED 2000000 Costco Wholesale Corp. cv. sub CONV 22160QAA0 703 1000000 PRN DEFINED 1000000 Costco Wholesale Corp. cv. sub CONV 22160QAC6 2461 3500000 PRN DEFINED 3500000 Credit Suisse First Boston Cor CONV 2254C0AM1 2878 3000000 PRN DEFINED 3000000 Devon Energy Corp. cv. sub. de CONV 25179MAA1 1009 1000000 PRN DEFINED 1000000 Devon Energy Corp. cv. sub. de CONV 25179MAB9 2023 2000000 PRN DEFINED 2000000 Duane Reade Inc. cv sr. notes CONV 263578AB2 1690 3450000 PRN DEFINED 3450000 Duane Reade Inc. cv sr. notes CONV 263578AC0 514 1050000 PRN DEFINED 1050000 Federal Realty Investment Trus CONV 4643054 995 1000000 PRN DEFINED 1000000 GATX Corporation cv. sr. notes CONV 361448AC7 1620 1500000 PRN DEFINED 1500000 GATX Corporation cv. sr. notes CONV 361448AB9 1620 1500000 PRN DEFINED 1500000 GenCorp Inc. cv. sub. notes 14 CONV 368682AD2 2756 3250000 PRN DEFINED 3250000 General Mills, Inc. zero cpn. CONV 370334AT1 4176 5800000 PRN DEFINED 5800000 Gilead Sciences, Inc. cv. sr. CONV 375558AC7 1036 1000000 PRN DEFINED 1000000 IOS Capital, LLC cv sub notes CONV 462230AA1 2219 2500000 PRN DEFINED 2500000 Interpublic Group Cos., Inc. c CONV 460690AF7 2714 3100000 PRN DEFINED 3100000 Ivax Corp. cv. senior sub. not CONV 465823AD4 2745 3000000 PRN DEFINED 3000000 Kerr-McGee Corp. cv. sub. deb. CONV 492386AP2 2839 2600000 PRN DEFINED 2600000 Kulicke & Soffa Industries, In CONV 501242AE1 559 1000000 PRN DEFINED 1000000 L-3 Communications Holdings, I CONV 502424AA2 1933 1500000 PRN DEFINED 1500000 L-3 Communications Holdings, I CONV 502424AD6 844 750000 PRN DEFINED 750000 Lear Corp. cv. sr. notes 144A CONV 521865AF2 2084 5000000 PRN DEFINED 5000000 LifePoint Hospitals, Inc. cv. CONV 53219LAE9 1005 1000000 PRN DEFINED 1000000 LifePoint Hospitals, Inc. cv. CONV 53219LAD1 1005 1000000 PRN DEFINED 1000000 Ligand Pharmaceuticals, Inc. c CONV 53220KAA6 1678 1500000 PRN DEFINED 1500000 Medtronic, Inc. convertible de CONV 585055AB2 2104 2000000 PRN DEFINED 2000000 News America, Inc. liquid yiel CONV 652482AY6 3135 6000000 PRN DEFINED 6000000 Province Healthcare Company cv CONV 743977AD2 1577 2000000 PRN DEFINED 2000000 STMicroelectronics, N.V. liqui CONV 861012AB8 2612 3000000 PRN DEFINED 3000000 School Specialty, Inc. cv. sub CONV 807863AC9 486 500000 PRN DEFINED 500000 School Specialty, Inc. cv. sub CONV 807863AB1 1654 1700000 PRN DEFINED 1700000 Sepracor, Inc. cv. notes 144A CONV 817315AF1 1338 1600000 PRN DEFINED 1600000 Skechers U.S.A., Inc. cv bonds CONV 830566AA3 785 1000000 PRN DEFINED 1000000 Spacehab, Inc. cv. sub. notes CONV 846243AA1 632 1405000 PRN DEFINED 1405000 Sunrise Assisted Living, Inc. CONV 86768KAE6 763 800000 PRN DEFINED 800000 Sunrise Assisted Living, Inc. CONV 86768KAD8 1145 1200000 PRN DEFINED 1200000 Swiss Re America Holding euro. CONV 4791272 1772 2000000 PRN DEFINED 2000000 Teva Pharm. Finance B.V. cv. s CONV 88164MAA6 2117 2000000 PRN DEFINED 2000000 The Goldman Sachs Group, Inc.e CONV 38141GBY9 2863 3000000 PRN DEFINED 3000000 United Parcel Service, Inc. c CONV 911312AB2 2125 2000000 PRN DEFINED 2000000 Verizon Global Funding Corp. c CONV 5519352 1050 1000000 PRN DEFINED 1000000 XL Capital, Ltd. cv. sub. deb. CONV 98372PAB4 640 1000000 PRN DEFINED 1000000 XL Capital, Ltd. cv. sub. deb. CONV 98372PAA6 1919 3000000 PRN DEFINED 3000000 Xerox Corp. cv. sub. deb. CONV 984121BB8 635 1000000 PRN DEFINED 1000000 Young & Rubicam cv. sub. notes CONV 987425AC9 2941 3100000 PRN DEFINED 3100000