13F-HR 1 dec3107.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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Wachovia Corporation common st COM 929903102 761 20000 SH Sole 20000 Alleghany Corp. 5.75% mand. cv PFD CV 017175209 2901 8000 SH Sole 8000 Avery Dennison 7.875% HiMEDS u PFD CV 053611307 3142 60000 SH Sole 60000 Bristow Group Inc. 5.5% mand. PFD CV 110394400 5683 80000 SH Sole 80000 Freeport-McMoRan 6.75% mand. c PFD CV 35671D782 6031 40000 SH Sole 40000 LehmanBro. Hldgs. 6% exchnote PFD CV 52522L350 2462 100000 SH Sole 100000 McMoRan Exploration Co. mand. PFD CV 582411500 2077 20000 SH Sole 20000 Merrill Lynch & Co 12% capped PFD CV 59022W174 3793 82270 SH Sole 82270 Merrill Lynch & Co. Inc. 5.4% PFD CV 59018FDP4 3926 4000 SH Sole 4000 MetLife Inc. 6.375% common equ PFD CV 59156R702 4284 140000 SH Sole 140000 Mylan Inc. 6.5% mandatory cv. PFD CV 628530206 2035 2000 SH Sole 2000 NATIXIS Fin Prod. 9% exch. not PFD CV 638727AG2 2894 67900 SH Sole 67900 NATIXIS Fin Prod. 9.55% exch. PFD CV 638727AD9 2571 91900 SH Sole 91900 Schering-Plough Corp. 6% mand. PFD CV 806605705 4588 19000 SH Sole 19000 The Stanley Works floating rat PFD CV 854616208 3144 3500 SH Sole 3500 Vale Cap Ltd 5.5% mand. cv. no PFD CV 91912C208 3837 60000 SH Sole 60000 Vale Cap Ltd 5.5% mand. cv. no PFD CV 91912C307 1296 20000 SH Sole 20000 XL Capital Ltd., 7% equity sec PFD CV G98255121 2007 105000 SH Sole 105000 Celanese Corp. 4.25% cv. perp. PFD CV 150870202 4363 80000 SH Sole 80000 Chesapeake Energy 4.5% cum. cv PFD CV 165167842 5680 50600 SH Sole 50600 Citigroup Funding Inc. Var. ex PFD CV 17308C858 3766 150000 SH Sole 150000 Ionatron, Inc. 6.5% srs A redm PFD CV 462070202 680 80000 SH Sole 80000 Medis Tech. Ltd. 7.25% srs. A PFD CV 58500P206 1556 200 SH Sole 200 NY Community Bancorp, Inc. 6% PFD CV 64944P307 5430 113357 SH Sole 113357 PetroQuest Energy, Inc. 6.875% PFD CV 716748207 2403 40000 SH Sole 40000 Sovereign Capital Trust IV 4.3 PFD CV 846048205 1325 40000 SH Sole 40000 Washington Mutual, Inc. srs R PFD CV 939322814 1981 2300 SH Sole 2300 AAR Corp. cv. sr. notes 144A CONV 000361AG0 4316 3000000 PRN Sole 3000000 ADC Telecommunications, Inc. c CONV 000886AE1 1023 1000000 PRN Sole 1000000 ADC Telecommunications, Inc. c CONV 000886AF8 2035 2000000 PRN Sole 2000000 Agere Systems Inc. cv. sub. no CONV 00845VAA8 4562 4500000 PRN Sole 4500000 Alliant Techsystems Inc. cv. s CONV 018804AM6 2647 2000000 PRN Sole 2000000 Alza Corp. cv. sub deb. (3% YT CONV 02261WAB5 1842 2000000 PRN Sole 2000000 Anixter International, Inc. sr CONV 035290AH8 2292 2000000 PRN Sole 2000000 Blackboard Inc. cv. sr. notes CONV 091935AA4 2100 2000000 PRN Sole 2000000 Bristol-Myers Squibb Co. cv. s CONV 110122AN8 6045 6000000 PRN Sole 6000000 C&D Technologies, Inc. cv. sr. CONV 124661AA7 2100 2000000 PRN Sole 2000000 Cameron International Corp. cv CONV 13342BAA3 3090 2000000 PRN Sole 2000000 Canadian Solar Inc. cv. sr. no CONV 136635AA7 2849 2000000 PRN Sole 2000000 Chattem, Inc. cv. sr. notes 14 CONV 162456AQ0 3562 3000000 PRN Sole 3000000 Church & Dwight Co., Inc. cv. CONV 171340AB8 2646 1500000 PRN Sole 1500000 Covanta Holding Corp. sr. cv. CONV 22282EAA0 3360 3000000 PRN Sole 3000000 Credit Suisse First Boston Cor CONV 22540PAN5 3999 4000000 PRN Sole 4000000 Cypress Semiconductor Corp. cv CONV 232806AJ8 3225 2000000 PRN Sole 2000000 DRS Technologies, Inc. cv. sr. CONV 23330XAK6 3274 3000000 PRN Sole 3000000 Diversa Corp. cv. sr. notes 14 CONV 255064AA5 1312 1500000 PRN Sole 1500000 EMC Corp. cv. sr. notes CONV 268648AK8 1356 1000000 PRN Sole 1000000 EMC Corp. cv. sr. notes CONV 268648AM4 1376 1000000 PRN Sole 1000000 EMC Corp. cv. sr. notes 144A CONV 268648AJ1 1356 1000000 PRN Sole 1000000 EMC Corp. cv. sr. notes 144A CONV 268648AL6 1376 1000000 PRN Sole 1000000 Equinix, Inc. cv. sub. notes CONV 29444UAF3 4525 4000000 PRN Sole 4000000 Euronet Worldwide, Inc. cv deb CONV 298736AF6 2085 2000000 PRN Sole 2000000 Euronet Worldwide, Inc. cv deb CONV 298736AE9 2085 2000000 PRN Sole 2000000 ExpressJet Holdings, Inc. cv. CONV 30218UAB4 3860 4000000 PRN Sole 4000000 Fairchild Semiconductor Corp. CONV 303727AJ0 3955 4000000 PRN Sole 4000000 GSI Commerce, Inc. cv sr notes CONV 36238GAC6 1910 2000000 PRN Sole 2000000 General Cable Corp. sr. cv. no CONV 369300AJ7 2262 2000000 PRN Sole 2000000 Intel Corp. jr. sub. cv. deb. CONV 458140AC4 3251 3000000 PRN Sole 3000000 Intel Corp. jr. sub. cv. deb. CONV 458140AD2 1084 1000000 PRN Sole 1000000 LSB Industries, Inc. cv. sr. s CONV 502160AF1 7425 6000000 PRN Sole 6000000 Lehman Brothers Holdings, Inc. CONV 524908PL8 3583 3000000 PRN Sole 3000000 Merrill Lynch cv. note 144A (A CONV 59018FCK6 4653 4000000 PRN Sole 4000000 Morgans Hotel Group sr. sub. c CONV 61748WAA6 1895 2000000 PRN Sole 2000000 Mylan Laboratories Inc. sr. cv CONV 628530AG2 1825 2000000 PRN Sole 2000000 Newmont Mining Corp. cv. sr. n CONV 651639AF3 1257 1000000 PRN Sole 1000000 Newmont Mining Corp. cv. sr. n CONV 651639AG1 1249 1000000 PRN Sole 1000000 Oil States International, Inc. CONV 678026AB1 2133 1650000 PRN Sole 1650000 Oil States International, Inc. CONV 678026AA3 1292 1000000 PRN Sole 1000000 Omnicare, Inc. cv. sr. deb. {7 CONV 681904AL2 1467 2000000 PRN Sole 2000000 PrivateBancorp, Inc. contingen CONV 742962AC7 1935 2000000 PRN Sole 2000000 ProLogis cv. sr. notes 144A CONV 743410AP7 1980 2000000 PRN Sole 2000000 Prudential Financial, Inc. flo CONV 744320AE2 6010 6000000 PRN Sole 6000000 Prudential Financial, Inc. flo CONV 744320AH5 1951 2000000 PRN Sole 2000000 Rentech Inc. cv. sr. notes CONV 760112AA0 1800 2500000 PRN Sole 2500000 Richardson Electronics, Ltd. c CONV 763165AG2 1988 2000000 PRN Sole 2000000 SAVVIS, Inc. cv. sr. notes CONV 805423AA8 1685 2000000 PRN Sole 2000000 SonoSite Inc. cv sr notes CONV 83568GAA2 2232 2000000 PRN Sole 2000000 St. Jude Medical, Inc. cv. sr. CONV 790849AC7 2015 2000000 PRN Sole 2000000 Teva Pharm. Finance Co. B.V. c CONV 88165FAA0 3345 3000000 PRN Sole 3000000 The Great Atlantic & Pacific T CONV 390064AJ2 1070 1000000 PRN Sole 1000000 The Great Atlantic & Pacific T CONV 390064AK9 3229 3000000 PRN Sole 3000000 The Walt Disney Company cv. sr CONV 254687AU0 5725 5000000 PRN Sole 5000000 USEC Inc. cv. sr. notes CONV 90333EAC2 1965 2000000 PRN Sole 2000000 Wyeth floating rate cv. sr. de CONV 983024AD2 4240 4000000 PRN Sole 4000000