13F-HR 1 cnafmartrn.txt Form 13F Cover Page Report for the Calendar Year of Quarter Ended: March 31, 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: CNA Financial Corporation Address: CNA Plaza Chicago, Il 60685 13F File Number: 28-346 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: Lynne Gugenheim Title: Senior Vice President and Deputy General Counsel Phone: (312) 822 4921 Signature, Place, and Date of Signing: May 10, 2002 Chicago, Illinois, 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 EXCHANGE ACT OF 1934. Loews Corporation also has investment discretion over the securities reported on herein by CNA Financial Corporation, Continental Assurance Company, Continental Casualty Company, and The Continental Corporation. Loews Corporation will report separately on securities over which it has investment discretion which are not part of such holdings. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 4 Form 13F Information Table Entry Total: 324 Form 13F Information Table Value Total: 1,663,789.9 (in thousands) List of Other Included Managers: No. 13F File Number Name 1 28-386 Continental Assurance Company 2 28-387 Continental Casualty Company 3 28-346 CNA Financial Corporation 4 28-172 The Continental Corporation ACCENTURE-CL A CL A G1150G111 7,298.78 2,3 272,200.00 SH DEFINED 272,200 ACME COMM INC COM 004631107 1,371.03 1,3 132,595.00 SH DEFINED 132,595 ACXIOM CORP COM 005125109 407.22 1,3 24,800.00 SH DEFINED 24,800 ADELPHIA COMM NOTE6% 006848BG9 5,524.40 2,3,4 7,000,000.00 PRN DEFINED AETNA INC COM 00817Y108 2,030.29 3 52,300.00 SH DEFINED 52,300 AFFIL COMP SBCV3.5 008190AF7 3,465.12 1,3 2,400,000.00 PRN DEFINED AFFILIATED COMP CL A 008190100 2,379.91 1,3 42,400.00 SH DEFINED 42,400 AGCO CORP COM 001084102 162.59 3 7,125.00 SH DEFINED 7,125 AGERE SYS INC-A CL A 00845V100 1,902.60 2,3 489,100.00 SH DEFINED 489,100 AGILENT TECH COM 00846U101 6,261.34 1,2,3 179,100.00 SH DEFINED 179,100 ALBERTA EN COM 012873105 3,156.41 2,3 71,900.00 SH DEFINED 71,900 ALCOA INC COM 013817101 5,585.52 1,2,3 148,000.00 SH DEFINED 148,000 ALLEGHENYEN INC COM 017361106 4,300.40 2,3 104,000.00 SH DEFINED 104,000 ALLSTATE CORP COM 020002101 778.06 1,3 20,600.00 SH DEFINED 20,600 ALLTEL CORP COM 020039103 5,582.78 2,3 100,500.00 SH DEFINED 100,500 AMBAC FIN GRP COM 023139108 6,497.70 1,2,3 110,000.00 SH DEFINED 110,000 AMERADA HESS COM 023551104 8,729.60 2,3 110,000.00 SH DEFINED 110,000 AMERICA ONLINE NOTE 02364JAC8 6,629.63 2,3 12,450,000.00 PRN DEFINED AMERICAN EXP COM 025816109 2,662.40 1,2,3 65,000.00 SH DEFINED 65,000 AMERICAN INTLGR COM 026874107 4,342.11 1,2,3 60,190.00 SH DEFINED 60,190 AMERICAN NATINS COM 028591105 472.50 3 5,000.00 SH DEFINED 5,000 AMERICNPHYSCAP COM 028884104 549.90 3 28,200.00 SH DEFINED 28,200 AMERISORCEBRGEN COM 03073E105 2,807.81 1,3 41,110.00 SH DEFINED 41,110 AMGEN INC COM 031162100 10,432.06 1.2.3 174,800.00 SH DEFINED 174,800 AMNHALTHCARESER COM 001744101 403.50 2,3 15,000.00 SH DEFINED 15,000 ANADARKO PET COM 032511107 6,617.59 2,3 117,250.00 SH DEFINED 117,250 ANIXTERINTL COM 035290105 414.08 3 13,975.00 SH DEFINED 13,975 AON CORP COM 037389103 17,500.00 2,3 500,000.00 SH DEFINED 500,000 APACHE CORP COM 037411105 2,303.64 1,3 40,500.00 SH DEFINED 40,500 APPLIED MAT INC COM 038222105 3,527.55 1,3 65,000.00 SH DEFINED 65,000 ARDENRLTYGROUP COM 039793104 1,005.36 2,3 35,400.00 SH DEFINED 35,400 ARRIS GROUP COM 04269Q100 372.00 2,3 40,000.00 SH DEFINED 40,000 ARVINMERITORINC COM 043353101 416.12 3 14,575.00 SH DEFINED 14,575 AT&T CORP COM 001957109 5,573.52 1,3 355,001.00 SH DEFINED 355,001 AT&TWRLESS SER COM 00209A106 662.24 2,3 73,993.00 SH DEFINED 73,993 ATLASAIRWWHLDGS COM 049164106 645.33 2,3,4 49,000.00 SH DEFINED 49,000 AVAYA INC COM 053499109 759.41 1,2,3 102,901.00 SH DEFINED 102,901 AVAYA INC LYN21 053499AA7 1,848.69 1,2,3 4,500,000.00 PRN DEFINED BARNES&NOBLE COM 067774109 1,750.32 1,3 56,480.00 SH DEFINED 56,480 BEA SYSTEMSINC COM 073325102 678.65 1,3 49,500.00 SH DEFINED 49,500 BEA SYSTEMSINC SBCV4% 073325AD4 1,959.31 1,3 2,350,000.00 PRN DEFINED BECKMANCOULTER COM 075811109 306.42 3 6,000.00 SH DEFINED 6,000 BECTONDICKINSON COM 075887109 2,527.24 2,3 67,000.00 SH DEFINED 67,000 BEDFORDPPTY INV COMPR02 076446301 145.92 2,3 5,700.00 SH DEFINED 5,700 BELLSOUTH CORP COM 079860102 2,580.20 2,3 70,000.00 SH DEFINED 70,000 BISYS GROUP SBCV4 055472AB0 3,286.00 1,3 2,650,000.00 PRN DEFINED BISYSGROUPC/THE COM 055472104 1,790.70 1,3 50,800.00 SH DEFINED 50,800 BKFCAPITALGR COM 05548G102 197.76 3 6,625.00 SH DEFINED 6,625 BOEING CO COM 097023105 1,294.31 3 26,825.00 SH DEFINED 26,825 BORGWARNERAUT COM 099724106 498.64 3 7,925.00 SH DEFINED 7,925 BOSTON PPTY COM 101121101 1,183.50 2,3 30,000.00 SH DEFINED 30,000 BOWNE&CO INC COM 103043105 436.87 3 31,050.00 SH DEFINED 31,050 BRANDYWINE SHINTNW 105368203 470.83 2,3 19,700.00 SH DEFINED 19,700 BRSTLMYERSQUIBB COM 110122108 5,073.40 2,3 125,300.00 SH DEFINED 125,300 BUCKHEADAMERICA COM 11835A105 3.88 2,3 21,579.00 SH DEFINED 21,579 BRLNGTONRESINC COM 122014103 1,431.21 2,3 35,700.00 SH DEFINED 35,700 CBLVISONSYS-CLA CLANY 12686C109 6,018.00 2,3 177,000.00 SH DEFINED 177,000 CARDINALHALTH COM 14149Y108 4,567.94 1,3 64,437.00 SH DEFINED 64,437 CARNIVAL CORP COM 143658102 12,282.93 1,2,3 376,200.00 SH DEFINED 376,200 CATELLUSDEV COM 149111106 2,118.93 2,3 107,724.00 SH DEFINED 107,724 CBRLGROUPINC COM 12489V106 1,226.47 3 43,600.00 SH DEFINED 43,600 CELESTICAINC SUBVTG 15101Q108 4,318.57 1,2,3 119,100.00 SH DEFINED 119,100 CELESTICAINC LYONZR 15101QAA6 10,535.33 1,2,3 24,380,000.00 PRN DEFINED CENDANTCORP DEBT 151313AF0 10,126.18 1,2,3 14,005,000.00 PRN DEFINED CENDANTCORP COM 151313103 6,347.52 1,2,3 330,600.00 SH DEFINED 330,600 CENTEXCORP COM 152312104 675.09 3 13,000.00 SH DEFINED 13,000 CEPHALONINC COM 156708109 1,827.00 3 29,000.00 SH DEFINED 29,000 CHARTERCOMM SBCV575 16117MAB3 3,690.12 2,3 4,200,000.00 PRN DEFINED CHARTERCOMM-A CLA 16117M107 5,136.95 1,2,3 455,000.00 SH DEFINED 455,000 CHIRON CORP COM 170040109 11,054.90 1,2,3 240,900.00 SH DEFINED 240,900 CHIRON CORP LYNZR31 170040AE9 29,963.01 1,2,3 54,500,000.00 PRN DEFINED CISCO SYS COM 17275R102 4,063.20 1,3 240,000.00 SH DEFINED 240,000 CITIGROUP COM 172967101 8,566.96 1,2,3 173,000.00 SH DEFINED 173,000 CLEAR CHANNEL NT2.625 184502AB8 3,056.94 2,3 3,000,000.00 PRN DEFINED CLEAR CHANNEL NT1.5 184502AE2 6,337.50 2,3 6,500,000.00 PRN DEFINED CLEAR CHANNEL COM 184502102 2,827.55 1,2,3 55,000.00 SH DEFINED 55,000 CLEVELANDCLFFS COM 185896107 372.35 3 16,925.00 SH DEFINED 16,925 CNA SURETY CORP COM 12612L108 412,748.46 2,3,4 27,425,147.00 SH DEFINED 27,425,147 CNF INC COM 12612W104 1,622.28 3 49,175.00 SH DEFINED 49,175 COCA COLA CO COM 191216100 1,567.80 1,3 30,000.00 SH DEFINED 30,000 COLT TEL SPNSADR 196877104 16.99 2,3 5,760.00 SH DEFINED 5,760 COMCAST CO CLASPL 200300200 3,180.00 1,3 100,000.00 SH DEFINED 100,000 COMMUN INTELL COM 20338K106 452.76 2,3 411,600.00 SH DEFINED 411,600 COMP ASS INTL COM 204912109 1,384.54 3 63,250.00 SH DEFINED 63,250 CONOCO INC COM 208251504 4,639.62 2,3 159,000.00 SH DEFINED 159,000 CONSTELLTON EGY COM 210371100 4,467.08 2,3 144,800.00 SH DEFINED 144,800 COOPER IND COM 216669101 1,558.44 3 37,150.00 SH DEFINED 37,150 CORRECTIONS PFDCV 22025Y308 0.04 2,3 2.00 SH DEFINED 2 CORRECTIONS COMNEW 22025Y407 27.56 2,3 2,120.00 SH DEFINED CSX CORP COM 126408103 4,496.98 2,3 118,000.00 SH DEFINED 118,000 CYTEC IND COM 232820100 1,166.61 3 38,350.00 SH DEFINED 38,350 DEL MONTEFOODS COM 24522P103 353.93 3 36,375.00 SH DEFINED 36,375 DELL COMPUTER COM 247025109 2,088.80 1,3 80,000.00 SH DEFINED 80,000 DELPHI FINCLGRP CL A 247131105 5,003.20 2,3 127,600.00 SH DEFINED 127,600 DELTA AIR INC COM 247361108 327.20 3 10,000.00 SH DEFINED DILLARDS CL A 254067101 760.54 3 31,875.00 SH DEFINED 31,875 DOLLAR THRIFTY COM 256743105 2,115.00 3 100,000.00 SH DEFINED 100,000 DOMINION RES COM 25746U109 1,629.00 1,2,3 25,000.00 SH DEFINED DR HORTON INC COM 23331A109 13,572.00 2,3 360,000.00 SH DEFINED 360,000 DU PONT DE NEM COM 263534109 471.50 2,3 10,000.00 SH DEFINED 10,000 DUKE POWER CO WI 264399106 378.00 3 10,000.00 SH DEFINED 10,000 DYCOM IND INC COM 267475101 3,377.71 2,3 225,934.00 SH DEFINED 225,934 EATON VANCE CMNOVTG 278265103 4,242.69 1,2,3 106,200.00 SH DEFINED 106,200 ECHOSTAR COMM SB4.875 278762AD1 532.83 1,3 590,000.00 PRN DEFINED ECHOSTAR COMM CL A 278762109 274.28 1,3 9,685.00 SH DEFINED 9,685 EL PASO CORP COM 28336L109 3,324.27 2,3 75,500.00 SH DEFINED 75,500 ELDERTRUST CMSHINT 284560109 1,644.78 2,3 208,200.00 SH DEFINED 208,200 ELEC DATA SYS SRCVZRO 285661AB0 20,425.08 1,2,3 26,000,000.00 PRN DEFINED ELEC DATA SYS COM 285661104 13,952.39 1,2,3 240,600.00 SH DEFINED 240,600 ELI LILLY & CO COM 532457108 3,421.38 1,3 44,900.00 SH DEFINED 44,900 EMC CORP COM 268648102 5.72 2,3 480.00 SH DEFINED 480 ESTERLINE TECH COM 297425100 526.83 3 25,825.00 SH DEFINED 25,825 FIRST CITIZN BC CL A 31946M103 51.48 3 500.00 SH DEFINED 500 FIRST DATA CORP COM 319963104 4,798.75 1,3 55,000.00 SH DEFINED 55,000 FLEET BOSTONFIN COM 339030108 700.00 2,3 20,000.00 SH DEFINED 20,000 FLEMING COS INC COM 339130106 1,395.52 1,3 62,300.00 SH DEFINED 62,300 FMC CORP (NEW) COMNEW 302491303 1,841.34 3 43,925.00 SH DEFINED 43,925 FMC TECH INC COM 30249U101 530.14 3 26,600.00 SH DEFINED 26,600 FOOT LOCKER INC COM 344849104 2,129.29 1,.3 131,600.00 SH DEFINED 131,600 FORD MOTOR COM.01 345370860 15,665.50 1,2,3 950,000.00 SH DEFINED 950,000 FORTUNE BRANDS COM 349631101 1,271.28 3 25,750.00 SH DEFINED 25,750 FPL GROUP COM 302571104 1,191.00 2,3 20,000.00 SH DEFINED 20,000 FREDDIE MAC COM 313400301 10,392.68 1,3 164,000.00 SH DEFINED 164,000 FREEPORTMCMORAN CLB 35671D857 1,389.78 3 78,875.00 SH DEFINED 78,875 FRONTLINE LTD. ORD G3682E127 5,428.43 2,3 500,000.00 SH DEFINED 500,000 GABLES RESTRST SHINT 362418105 429.27 3 13,825.00 SH DEFINED 13,825 GEN SEMICONDCTR NOTE5.75370787AB9 993.00 3 1,000,000.00 PRN DEFINED GENENTECH INC COMNEW 368710406 1,986.22 1,2,3 39,370.00 SH DEFINED 39,370 GENERAL CABLE COM 369300108 216.34 3 15,150.00 SH DEFINED 15,150 GENERAL ELEC COM 369604103 5,149.75 1,2,3 137,510.00 SH DEFINED 137,510 GENERAL MOTORS DEBSRCVB370442733 34,162.50 1,2,3 1,250,000.00 PRN DEFINED GENERAL MOTORS DEBSRCVA370442741 18,564.00 1,2,3 700,000.00 PRN DEFINED GENERAL MOTORS COM 370442105 16,321.50 1,2,3 270,000.00 SH DEFINED 270,000 GENERALMOT-HGHS CLH 370442832 4,647.13 2,3 282,500.00 SH DEFINED 282,500 GENUITY INC-A CLA 37248E103 152.25 2,3 175,000.00 SH DEFINED 175,000 GEORGIA-PAC CO COMGAPAC373298108 598.25 3 19,975.00 SH DEFINED 19,975 GLIMCHERRALTRST SHINT 379302102 795.80 3 42,900.00 SH DEFINED 42,900 GREAT LAKESREIT COM 390752103 1,101.10 2,3 65,000.00 SH DEFINED 65,000 HARRIS CORP COM 413875105 359.10 3 10,000.00 SH DEFINED 10,000 HCA INC COM 404119109 3,526.40 1,3 80,000.00 SH DEFINED 80,000 HEALTHCRE PPTYS COM 421915109 1,338.15 2,3 33,000.00 SH DEFINED 33,000 HEALTH NET INC COM 42222G108 1,570.25 3 57,225.00 SH DEFINED 57,225 HEALTHCRERLTY COM 421946104 7,150.54 2,3 235,525.00 SH DEFINED 235,525 HEALTHSOUTH SBCV3.35421924AF8 3,860.00 2,3 4,000,000.00 PRN DEFINED HEALTHSOUTH COM 421924101 8,968.75 2,3 625,000.00 SH DEFINED 625,000 HEARST-ARGYLE COM 422317107 4,575.05 2,3 185,000.00 SH DEFINED 185,000 HERBALIFEINTL CL B 426908307 328.97 3 24,100.00 SH DEFINED 24,100 HERCULES NC COM 427056106 1,046.17 2,3 78,600.00 SH DEFINED 78,600 HEWLETT-PACK COM 428236103 2,656.47 2,3 148,075.00 SH DEFINED 148,075 HILTON HOTELS COM 432848109 357.50 2,3 25,000.00 SH DEFINED 25,000 HOME DEPOT COM 437076102 2,576.33 1,3 53,000.00 SH DEFINED 53,000 HONEYWEL INC COM 438516106 2,296.20 1,3 60,000.00 SH DEFINED 60,000 HOUSEHOLDINC COM 441815107 7,952.00 1,2,3 140,000.00 SH DEFINED 140,000 IMC GLOBAL INC COM 449669100 983.83 2,3 66,700.00 SH DEFINED 66,700 INGERSOLL RND CL A G4776G101 2,963.95 2,3 65,000.00 SH DEFINED 65,000 INSWEB CORP COM 45809K202 599.86 2,3 117,619.50 SH DEFINED 117,620 INTEL CORP COM 458140100 2,104.37 1,3 69,200.00 SH DEFINED 69,200 IBM COM 459200101 23,990.72 1,2,3 230,680.00 SH DEFINED 230,680 INTNL PAPER COM 460146103 4,301.00 2,3 100,000.00 SH DEFINED 100,000 INTERSTATE BAK COM 46072H108 194.89 3 8,050.00 SH DEFINED 8,050 INTL RECTIFIER COM 460254105 585.79 1,3 12,900.00 SH DEFINED 12,900 IONICS INC COM 462218108 961.80 2,3 30,000.00 SH DEFINED 30,000 IPC HOLDINGS ORD G4933P101 791.22 2,3 24,575.00 SH DEFINED 24,575 IVAX CORP COM 465823102 971.43 1,3 60,525.00 SH DEFINED 60,525 IVAX CORP SRSBCV 465823AD4 2,148.00 1,3 2,400,000.00 PRN DEFINED JOHNSON&JOHNSON COM 478160104 1,321.08 1,2,3 20,340.00 SH DEFINED 20,340 JOY GLOBAL INC COM 481165108 370.01 2,3 22,700.00 SH DEFINED 22,700 KELLWOOD CO COM 488044108 637.61 3 26,250.00 SH DEFINED 26,250 KENNAMETAL INC COM 489170100 404.30 3 10,000.00 SH DEFINED 10,000 KERR MCGEE COM 492386107 8,799.00 2,3 140,000.00 SH DEFINED 140,000 KEY3MEDIA GR COM 49326R104 178.78 3 38,950.00 SH DEFINED 38,950 KEYSPAN CORP COM 49337W100 4,366.80 2,3 120,000.00 SH DEFINED 120,000 KINDREDHALTHCRE COM 494580103 12.72 2.3 314.00 SH DEFINED 314 KULICKE&SOFFA SUB5.75 501242AE1 3,747.56 1,3 3,450,000.00 PRN DEFINED KULICKE&SOFFA COM 501242101 2,193.37 1,3 105,400.00 SH DEFINED 105,400 L-3 COMM COM 502424104 2,617.44 1,3 23,370.00 SH DEFINED 23,370 LABORATORYCRP COMNEW 50540R409 9,365.52 1,2,3 97,700.00 SH DEFINED 97,700 LAM RESEARCH COM 512807108 804.25 1,3 27,430.00 SH DEFINED 27,430 LAMAR ADVRTSNG NT5.25 512815AF8 2,977.52 1,3 2,800,000.00 PRN DEFINED LAMAR ADVRTSNG CL A 512815101 1,586.21 1,3 39,050.00 SH DEFINED 39,050 LATTICESEMICOND SUB4.75 518415AC8 2,618.44 1,3 2,450,000.00 PRN DEFINED LATTICESEMICOND COM 518415104 1,556.66 1,3 88,800.00 SH DEFINED 88,800 LEAR CORP COM 521865105 1,269.73 3 26,675.00 SH DEFINED 26,675 LIBERTY MEDIA COMA 530718105 17,039.33 1,2,3 1,348,048.00 SH DEFINED 1,348,048 LINCOLN NA IND COM 534187109 4,565.70 2,3 90,000.00 SH DEFINED 90,000 LOCKHEED MART COM 539830109 2,706.26 1.3 47,000.00 SH DEFINED 47,000 LONGVIEWFIBRECO COM 543213102 1,979.66 2,3 192,200.00 SH DEFINED 192,200 LORALSPACE&COMM COM G56462107 973.52 2,3 378,800.00 SH DEFINED 378,800 LOWESCO NTE.861 548661CG0 19,035.20 1,2,3 20,000,000.00 PRN DEFINED LOWE'S COS INC COM 548661107 8,901.53 1,2,3 204,680.00 SH DEFINED 204,680 LSI CORP COM 502161102 542.30 1,3 31,900.00 SH DEFINED 31,900 LSI LOGIC SB4.25 502161AD4 1,055.15 1,3 910,000.00 PRN DEFINED LUBRIZOL CORP COM 549271104 1,382.03 3 39,725.00 SH DEFINED 39,725 LUCENT TECH COM 549463107 10,230.99 1,2,3 2,163,000.00 SH DEFINED 2,163,000 MARATHON OIL COM 565849106 6,842.88 1,2,3 237,600.00 SH DEFINED 237,600 MBIA INC COM 55262C100 1,367.25 2,3 25,000.00 SH DEFINED 25,000 MEDTRONIC INC COM 585055106 6,465.03 1,2,3 143,000.00 SH DEFINED 143,000 MERRILL LYNCH COM 590188108 8,799.88 1,2,3 158,900.00 SH DEFINED 158,900 METLIFE INC COM 59156R108 6,804.00 2,3 216,000.00 SH DEFINED 216,000 MICRON TECH COM 595112103 1,809.50 1,3 55,000.00 SH DEFINED 55,000 MICROSOFT CORP COM 594918104 3,317.05 1,2,3 55,000.00 SH DEFINED 55,000 MILACRON INC COM 598709103 622.63 3 42,675.00 SH DEFINED 42,675 MONSANTO CO COM 61166W101 528.34 3 16,725.00 SH DEFINED 16,725 MORGAN STNLY DW COMNEW 617446448 29.80 2,3 520.00 SH DEFINED 520 MORGANSTNLYIND COM 61745C105 779.48 2,3 78,026.00 SH DEFINED 78,026 MSDW ASIA PAC COM 61744U106 2,855.15 2,3 335,900.00 SH DEFINED 335,900 NABORS INDSINC DBCV 629568AF3 8,622.75 2.3 15,000,000.00 PRN DEFINED NABORS IND COM 629568106 380.25 1,3 9,000.00 SH DEFINED 9,000 NACCO IND CL A 629579103 601.58 3 9,075.00 SH DEFINED 9,075 NATIONWIDE FIN CL A 638612101 2,140.00 2,3 50,000.00 SH DEFINED 50,000 NEIMAN MARCUS CL B 640204301 222.70 2,3 6,800.00 SH DEFINED 6,800 NEWHALL LANDLP DEPREC 651426108 4,084.65 2,3 130,500.00 SH DEFINED 130,500 NEWMONT MIN CO COM 651639106 4,984.20 2,3 180,000.00 SH DEFINED 180,000 NEWS AMER INC NOTE 652482AZ3 21,932.66 1,2,3 46,500,000.00 PRN DEFINED NEWS -SPNSADR ADRNEW 652487703 567.60 2,3 20,000.00 SH DEFINED 20,000 NEWS -SPONS ADR PRF 652487802 10,111.20 1,2,3 421,300.00 SH DEFINED 421,300 NIKE INC CL B CL B 654106103 2,100.35 1.3 35,000.00 SH DEFINED 35,000 NOKIA CORP SPNSADR 654902204 1,037.00 1,3 50,000.00 SH DEFINED 50,000 NORFOLKSOUTHERN COM 655844108 13,526.10 2,3 565,000.00 SH DEFINED 565,000 NORTH FORK BANC COM 659424105 3,556.00 2,3 100,000.00 SH DEFINED 100,000 NOVELLUS SYS NOTE7/2 670008AB7 4,118.24 1,2,3 4,000,000.00 PRN DEFINED NOVELLUS SYS COM 670008101 259.87 1,2,3 4,800.00 SH DEFINED 4,800 NVIDIA CORP COM 67066G104 1,849.81 1,3 41,700.00 SH DEFINED 41,700 NVIDIA CORP SBNT475 67066GAA2 2,728.13 1,3 2,250,000.00 PRN DEFINED OCEAN ENERGY COM 67481E106 959.82 3 48,500.00 SH DEFINED 48,500 OLD REPUBLIC COM 680223104 8,209.90 1,2,3 256,800.00 SH DEFINED 256,800 OMNICOM GROUP COM 681919106 4,842.72 1,2,3 51,300.00 SH DEFINED 51,300 OMNICOM GROUP NOTE 681919AK2 24,714.48 1,2,3 24,000,000.00 PRN DEFINED ON COMMNDCLBWTS WTBEX 682160122 23.39 2,3 123,130.00 SH CALL DEFINED 123,130 OWENS-ILL INC PFDCONV 690768502 527.88 2,3 20,500.00 SH DEFINED 20,500 PALL CORP COM 696429307 2,049.00 2,3 100,000.00 SH DEFINED 100,000 PATHMARKSTRS COM 70322A101 17,589.65 2,3 734,432.00 SH DEFINED 734,432 PAXSON COMM COM 704231109 577.59 2,3 52,700.00 SH DEFINED 52,700 PAYCHEX INC COM 704326107 22.23 2,3 560.00 SH DEFINED 560 PAYLESS SHOES COM 704379106 1,730.77 3 28,350.00 SH DEFINED 28,350 PEABODY ENG COM 704549104 2,026.50 1,3 70,000.00 SH DEFINED 70,000 PEPSI BOTTLING COM 713409100 5,174.00 2,3 200,000.00 SH DEFINED 200,000 PEPSICO INC COM 713448108 4,223.00 1,3 82,000.00 SH DEFINED 82,000 PERFORMANCEFOOD SBNT5.5 713755AA4 3,159.00 1,3 2,600,000.00 PRN DEFINED PERFORMANCEFD COM 713755106 2,124.53 1,3 65,050.00 SH DEFINED 65,050 PFIZER INC COM 717081103 5,285.42 1,3 133,000.00 SH DEFINED 133,000 PHARMACIA CORP COM 71713U102 5,193.22 2,3 115,200.00 SH DEFINED 115,200 PHILLIPS PET CO COM 718507106 2,917.06 1,2,3 46,450.00 SH DEFINED 46,450 PHOENIX CO INC COM 71902E109 2,304.00 2,3 120,000.00 SH DEFINED 120,000 PIONEER STNDRD COM 723877106 484.28 3 34,225.00 SH DEFINED 34,225 PLACER DOME COM 725906101 1,153.09 2,3 94,130.00 SH DEFINED 94,130 PLUM CREEK TIMB COM 729251108 1,485.50 2,3 50,000.00 SH DEFINED 50,000 POTOMACELECPOW COM 737679100 380.61 2,3 16,300.00 SH DEFINED 16,300 PPL CORPORATION COM 69351T106 3,168.80 2,3 80,000.00 SH DEFINED 80,000 PRECISION DRILL COM 74022D100 1,061.07 3 33,200.00 SH DEFINED 33,200 PRESIDENTIALLIFECOM 740884101 187.12 3 8,225.00 SH DEFINED 8,225 PRIME HOSPIT COM 741917108 83.83 1,2,3 6,375.00 SH DEFINED 6,375 PROSPECTST INC COM 743590101 1,058.61 2,3 157,063.99 SH DEFINED 157,064 PROVINCE HLTHC SBNT4.5 743977AC4 1,914.75 1,3 1,850,000.00 PRN DEFINED PROVINCEHLTHCRE COM 743977100 1,029.35 1,3 32,400.00 SH DEFINED 32,400 PRUDENTIAL FIN COM 744320102 5,946.08 2,3 191,500.00 SH DEFINED 191,500 PUBLIC SVCNM COM 69349H107 565.68 3 18,450.00 SH DEFINED 18,450 PULTE CORP COM 745867101 9,378.60 1,2,3 196,000.00 SH DEFINED 196,000 QUALCOMM INC COM 747525103 2,070.20 1,3 55,000.00 SH DEFINED 55,000 QUANTUM-DLTSTOR COMDSSG 747906204 943.26 3 118,500.00 SH DEFINED 118,500 QWEST COMM COM 749121109 1,644.00 2,3 200,000.00 SH DEFINED 200,000 RH DONNELLEY COMNEW 74955W307 520.35 3 17,100.00 SH DEFINED 17,100 RADIAN GROUP COM 750236101 1,229.45 3 25,050.00 SH DEFINED 25,050 RAYTHEON CO COMNEW 755111507 3,234.74 2,3 78,800.00 SH DEFINED 78,800 REGENERON PHRM NOTE5.5 75886FAB3 2,749.50 2,3 2,600,000.00 PRN DEFINED REPUBLIC BNCRP COM 760282103 419.37 3 29,955.00 SH DEFINED 29,955 SARA LEE CORP COM 803111103 851.68 3 41,025.00 SH DEFINED 41,025 SCANA CORP COM 80589M102 14,596.20 2,3 477,000.00 SH DEFINED 477,000 SCHLUMBERGER COM 806857108 3,446.85 1,3 58,600.00 SH DEFINED 58,600 SCUDDER INTRMD SHBNNT 811163104 1,021.64 2,3 149,800.00 SH DEFINED 149,800 SEMTECH CORP SBNT4.5 816850AD3 2,643.36 1,3 2,400,000.00 PRN DEFINED SENIOR HOUSING SHINT 81721M109 432.00 2,3 30,000.00 SH DEFINED 30,000 SERVICEMASTR CO COM 81760N109 1,034.69 3 75,250.00 SH DEFINED 75,250 SHERWIN WLLAMS COM 824348106 964.76 3 33,875.00 SH DEFINED 33,875 SIERRA PACIFIC COM 826428104 413.09 3 27,375.00 SH DEFINED 27,375 SIRIUS SAT RDIO COM 82966U103 8,614.00 2,3 1,619,172.00 SH DEFINED 1,619,172 SLI INC COM 78442T108 15.56 3 6,100.00 SH DEFINED 6,100 SOUTHTRUST CORP COM 844730101 404.58 3 15,325.00 SH DEFINED 15,325 SPANISH BROAD CLA 846425882 3,317.04 2,3 244,800.00 SH DEFINED 244,800 SPRINT CORP(PCS)EU 852061605 21,483.00 1,2,3 1,540,000.00 SH DEFINED 1,540,000 SPRINT CORP-FON COMFON 852061100 611.60 2,3,4 40,000.00 SH DEFINED 40,000 SPRINT CORP PCSCOM1 852061506 15,059.70 1,2,3,4 1,463,528.00 SH DEFINED 1,463,528 STARGASPART SRSBUN 85512C204 498.75 2,3 34,829.00 SH DEFINED 34,829 STARBUCKS COM 855244109 1,619.10 3 70,000.00 SH DEFINED 70,000 STEIN MART INC COM 858375108 124.87 3 12,475.00 SH DEFINED 12,475 SUN MICROSYS COM 866810104 14.55 1,2,3 1,650.00 SH DEFINED 1,650 SUPERVALU INC NT11/0 868536AN3 3,786.25 2,3 13,000,000.00 PRN DEFINED TARGET CORP COM 87612E106 2,587.20 1,3 60,000.00 SH DEFINED 60,000 TEEKAY SHIPPING COM Y8564W103 16,089.89 2,3 441,000.00 SH DEFINED 441,000 TEJON RANCH COM 879080109 1,167.49 2,3 37,300.00 SH DEFINED 37,300 TELLABS INC COM 879664100 1,068.20 3 102,025.00 SH DEFINED 102,025 TENET HALTHCRE COM 88033G100 469.14 1,3 7,000.00 SH DEFINED 7,000 THE GAP INC COM 364760108 706.13 3 46,950.00 SH DEFINED 46,950 TJX COS INC NOTE 872540AL3 9,035.26 1,2,3 11,800,000.00 PRN DEFINED TJX COS. INC COM 872540109 4,625.16 1,2,3 115,600.00 SH DEFINED 115,600 TRANSOCEAN DBCV 893830AA7 2,995.50 2,3 5,000,000.00 PRN DEFINED TRANSOCEON ORD G90078109 1,880.59 1,3 55,606.00 SH DEFINED 55,606 TRENWICKGROUP COM G9032C109 70,959.64 2,3 7,414,800.00 SH DEFINED 7,414,800 TRIBUNE CONEW COM 896047107 5,909.80 1,2,3 130,000.00 SH DEFINED 130,000 TRINITY IND COM 896522109 359.18 3 14,775.00 SH DEFINED 14,775 TRIZECHAHNCORP SUBVTG 896938107 3,093.58 2,3 195,425.00 SH DEFINED 195,425 TYCO INTL COM 902124106 1,034.24 1,2,3 32,000.00 SH DEFINED 32,000 UCAR INTL COM 90262K109 74.91 3 5,275.00 SH DEFINED 5,275 UNION PACIFIC COM 907818108 1,205.52 3 19,400.00 SH DEFINED 19,400 UNITED PARCEL CL B 911312106 2,401.60 1,3 39,500.00 SH DEFINED 39,500 UNIVERSALCRP-VA COM 913456109 548.09 3 13,925.00 SH DEFINED 13,925 UNOCAL CORP COM 915289102 973.75 2,3 25,000.00 SH DEFINED 25,000 US BANCORP COMNEW 902973304 4,288.30 2,3 190,000.00 SH DEFINED 190,000 USFREIGHTWAYS COM 916906100 450.97 3 12,725.00 SH DEFINED 12,725 VALERO ENERGY COM 91913Y100 12,875.20 2,3 260,000.00 SH DEFINED 260,000 VENATOR GROUP NOTE5.5 922944AB9 3,006.25 3 2,500,000.00 PRN DEFINED VENTAS INC COM 92276F100 2,564.79 2,3 202,750.00 SH DEFINED 202,750 VISHAY INTRTCH COM 928298108 456.90 1,3 22,463.00 SH DEFINED 22,463 WACHOVIA CORP COM 929903102 1,483.20 2,3 40,000.00 SH DEFINED 40,000 WACKENHUT-CL B COMSERB 929794303 651.40 2,3 20,000.00 SH DEFINED 20,000 WAL MART STORES COM 931142103 3,953.21 1,3 64,500.00 SH DEFINED 64,500 WASHINGTON MUT COM 939322103 1,059.33 3 31,975.00 SH DEFINED 31,975 WELLS FARGO CO COM 949746101 4,940.00 1,3 100,000.00 SH DEFINED 100,000 WESTERN RES COM 959425109 2,265.52 2,3 132,100.00 SH DEFINED 132,100 WEYERHAEUSER COM 962166104 314.30 3 5,000.00 SH DEFINED 5,000 WILLIAMS COSINC COM 969457100 2,410.47 3,4 102,312.00 SH DEFINED 102,312 XEROX CORP COM 984121103 7,927.05 1,2,3 737,400.00 SH DEFINED 737,400 XLCPTL LTD CL A G98255105 1,200.62 3 13,000.00 SH DEFINED 13,000 YOUNG BRDCSTNG CL A 987434107 2,234.11 2,3 89,400.00 SH DEFINED 89,400