-----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, QZT87GNxaBnbbsOAPkbI2hYKM6O27E5abdBPnSO44FyWMrC4SM2Gp3rxcJSNrXtu prRx3/xPiKYKbyf1gZy/Mg== 0000021175-04-000016.txt : 20041115 0000021175-04-000016.hdr.sgml : 20041115 20041115123807 ACCESSION NUMBER: 0000021175-04-000016 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040930 FILED AS OF DATE: 20041115 DATE AS OF CHANGE: 20041115 EFFECTIVENESS DATE: 20041115 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CNA FINANCIAL CORP CENTRAL INDEX KEY: 0000021175 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 366169860 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-00346 FILM NUMBER: 041143189 BUSINESS ADDRESS: STREET 1: CNA PLZ STREET 2: 235 CITY: CHICAGO STATE: IL ZIP: 60685 BUSINESS PHONE: 3128225000 MAIL ADDRESS: STREET 1: CNA PLAZA STREET 2: 235 CITY: CHICAGO STATE: IL ZIP: 60685 13F-HR 1 cnafsep.txt FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30,2004 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: November 15,2004 Chicago, Illinois,60685 I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934 Report Type (Check only one.): [ X ] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: Assets reported herein are described as having shared investment discretion among Loews Corporation, CNA Financial Corporation,The Continental Corporation, Continental Casualty Company and Continental Assurance Company. Each of the foregoing entities specifically disclaims ownership of any securities in this report which are not beneficially owned by that entity and states that such assets are solely under the control of its board of directors. The characterization of shared investment discretion with parent holding companies is made solely as a consequence of SEC interpretations regarding control of the subsidiary through share ownership. Loews Corporation owns approximately 90% of the outstanding shares of CNA Financial Corporation; CNA Financial Corporation owns 100% of the outstanding shares of Continental Casualty Company and The Continental Corporation; and Continental Casualty Company owns 100% of the outstanding shares of Continental Assurance Company. Loews Corporation will report separately on securities over which it has investment discretion which are not part of this report. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 4 Form 13F Information Table Entry Total: 246 Form 13F Information Table Value Total: 1,144,540 (in thousands) List of Other Included Managers: No. 13F File Number Name 1 28-172 The Continental Corporation 2 28 -217 Loews Corporation 3 28-386 Continental Assurance Company 4 28-387 Continental Casualty Company
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None 3M CO COM 88579Y101 1,599 20,000 SH DEFINED 2 20,000 99 CENTS ONLY STORES COM 65440K106 1,423 100,000 SH DEFINED 2,4 100,000 ACCENTURE LTD CL A G1150G111 687 25,400 SH DEFINED 2 25,400 AFTERMARKET TECHNOLOGY CORP COM 008318107 235 18,650 SH DEFINED 2 18,650 AGILENT TECH INC DBCV 00846UAB7 38,095 38,000,000 PRN DEFINED 2,3,4 1,179,391 ALCON INC COM SHS H01301102 481 6,000 SH DEFINED 2 6,000 ALLSTATE CORPORATION COM 020002101 1,468 30,600 SH DEFINED 2 30,600 AMBAC FINANCIAL GROUP INC COM 023139108 1,479 18,500 SH DEFINED 2 18,500 AMEREN CORPORATION COM 023608102 1,325 28,700 SH DEFINED 2 28,700 AMERICAN EXPRESS COM 025816109 1,029 20,000 SH DEFINED 2 20,000 AMERICAN GREET NOTE 026375AJ4 1,061 560,000 PRN DEFINED 2,3 40,290 AMERICAN HOME MORTGAGE INVESCOM 02660R107 1,017 36,375 SH DEFINED 2 36,375 AMERICAN INTL GROUP INC COM 026874107 680 10,000 SH DEFINED 2 10,000 AMERICAN NATIONAL INSURANCE COM 028591105 523 5,400 SH DEFINED 2 5,400 AMERICAN PHYSICIANS CAP INC COM 028884104 1,046 34,175 SH DEFINED 2 34,175
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None AMERUS GROUP CO COM 03072M108 701 17,100 SH DEFINED 2 17,100 AMGEN INC COM 031162100 1,134 20,000 SH DEFINED 2 20,000 AMGEN INC NOTE 031162AE0 14,783 20,250,000 PRN DEFINED 2,4 179,417 ANADARKO PETROLEUM CORP COM 032511107 8,627 130,000 SH DEFINED 2 130,000 ANDREW CORP NOTE 034425AB4 1,293 1,050,000 PRN DEFINED 2,3 76,701 ANHEUSER BUSCH CO COM 035229103 1,733 34,700 SH DEFINED 2 34,700 ANIXTER INTERNATIONAL INC COM 035290105 243 6,925 SH DEFINED 2 6,925 ANTHEM INC COM 03674B104 1,483 17,000 SH DEFINED 2 17,000 AON CORP COM 037389103 3,769 131,150 SH DEFINED 2 131,150 APACHE CORP COM 037411105 210 4,200 SH DEFINED 2 4,200 ARVINMERITOR INC COM 043353101 906 48,325 SH DEFINED 2 48,325 ASHLAND INC COM 044204105 1,890 33,700 SH DEFINED 2 33,700 ASSURANT INC COM 04621X108 452 17,400 SH DEFINED 2 17,400 ASSURED GUARANTY LTD COM G0585R106 1,100 66,000 SH DEFINED 2 66,000 ATMI INC NOTE 00207RAC5 566 500,000 PRN DEFINED 2,3 22,535
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None AXIS CAPITAL HOLDINGS LTD SHS G0692U109 1,235 47,500 SH DEFINED 2 47,500 BANK OF AMERICA CORP COM 060505104 1,288 29,717 SH DEFINED 2 29,717 BANK OF NEW YORK COM 064057102 1,199 41,100 SH DEFINED 2 41,100 BARRICK GOLD CORP COM 067901108 1,376 65,400 SH DEFINED 2 65,400 BEARINGPOINT INC COM 074002106 2,650 296,450 SH DEFINED 2 296,450 BEAZER HOMES USA INC COM 07556Q105 1,069 10,000 SH DEFINED 2 10,000 BEST BUY COMPANY INC COM 086516101 2,387 44,000 SH DEFINED 2 44,000 BOEING COMPANY COM 097023105 2,611 50,575 SH DEFINED 2 50,575 BOSTON SCIENTIFIC CORP COM 101137107 1,708 43,000 SH DEFINED 2 43,000 BOWNE & CO INC COM 103043105 662 50,975 SH DEFINED 2 50,975 BP PLC ADR 055622104 1,841 32,000 SH DEFINED 2 32,000 BRISTOL-MYERS SQUIBB CO COM 110122108 1,007 42,550 SH DEFINED 2 42,550 BROCADE COMMUNICATIONS NOTE 111621AB4 20,570 22,000,000 PRN DEFINED 2,3,4 502,856 BURLINGTON RESOURCES INC COM 122014103 3,305 81,000 SH DEFINED 2 81,000 CABLEVISION SYSTEMS CL A 12686C109 3,192 157,400 SH DEFINED 2 157,400
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None CABOT OIL & GAS CORP COM 127097103 5,837 130,000 SH DEFINED 2 130,000 CAPITAL LEASE FUNDING INC COM 140288101 1,656 150,000 SH DEFINED 2,4 150,000 CENDANT CORP DBCV 151313AN3 32,200 32,000,000 PRN DEFINED 2,4 1,330,560 CENTEX CORP COM 152312104 3,532 70,000 SH DEFINED 2 70,000 CHARLES RIVER DBCV 159863AL3 1,763 1,450,000 PRN DEFINED 2,3 37,304 CHESAPEAKE ENERGY CORP PFDCONV 165167800 288 2,500 SH DEFINED 2,3,4 2,500 CHEVRON TEXACO CORP COM 166764100 3,755 70,000 SH DEFINED 2 70,000 CHICAGO BRIDGE & IRON NYREGSH 167250109 300 10,000 SH DEFINED 2 10,000 CIGNA CORP COM 125509109 1,269 18,225 SH DEFINED 2 18,225 CINERGY CORP COM 172474108 2,871 72,500 SH DEFINED 2 72,500 CISCO SYSTEMS INC COM 17275R102 1,448 80,000 SH DEFINED 2 80,000 CIT GROUP INC COM 125581108 1,783 47,675 SH DEFINED 2 47,675 CITIGROUP INC COM 172967101 5,640 127,825 SH DEFINED 2 127,825 CNA SURETY CORPORATION COM 12612L108 290,707 27,425,147 SH DEFINED 1,2,4 27,425,147
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None CNF INC COM 12612W104 2,582 63,000 SH DEFINED 2 63,000 COACH INC COM 189754104 170 4,000 SH DEFINED 2 4,000 COCA COLA CO COM 191216100 921 23,000 SH DEFINED 2 23,000 COMCAST CORP CL A 20030N200 7,647 273,900 SH DEFINED 2 273,900 COMCAST CORP CLA 20030N101 1,906 67,500 SH DEFINED 2 67,500 COMMSCOPE INC COM 203372107 289 13,375 SH DEFINED 2 13,375 COMPUTER ASSOCIATES INTL INCCOM 204912109 1,992 75,725 SH DEFINED 2 75,725 COOPER CAMERON CORP DBCV 216640AE2 3,229 3,000,000 PRN DEFINED 2,4 43,457 COOPER INDUSTRIES INCORPORATCL A G24182100 1,938 32,850 SH DEFINED 2 32,850 CORNING INC DBCV 219350AJ4 2,792 3,579,000 PRN DEFINED 2,3,4 29,815 CORNING INC NOTE 219350AK1 2,350 2,000,000 PRN DEFINED 2,4 206,718 CREDENCE SYSTEMS CORP NOTE 225302AF5 988 1,000,000 PRN DEFINED 2,3 88,417 CVS CORP COM 126650100 1,475 35,000 SH DEFINED 2 35,000 CYTEC INDUSTRIES INC COM 232820100 1,996 40,775 SH DEFINED 2 40,775 DEL MONTE FOODS CO COM 24522P103 521 49,700 SH DEFINED 2 49,700 DELL COMPUTER CORP COM 24702R101 1,068 30,000 SH DEFINED 2 30,000
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None DELPHI FINANCIAL GROUP CLA 247131105 1,457 36,275 SH DEFINED 2 36,275 DEX MEDIA INC COM 25212E100 1,394 65,850 SH DEFINED 2 65,850 DIAGEO PLC ADR 25243Q205 3,898 77,300 SH DEFINED 2 77,300 DILLARDS INC-CL A CLA 254067101 475 24,075 SH DEFINED 2 24,075 DISNEY (WALT) CO NOTE 254687AU0 35,919 35,000,000 PRN DEFINED 2,3,4 1,188,051 DISNEY WALT CO COM 254687106 226 10,000 SH DEFINED 2 10,000 DOMINION RESOURCES INC NOTE 25746UAP4 8,298 8,125,000 PRN DEFINED 2,4 110,390 DOUBLECLICK INC NOTE 258609AE6 8,925 10,500,000 PRN DEFINED 2,3,4 800,427 DST SYSTEMS INC DBCV 233326AD9 1,960 1,710,000 PRN DEFINED 2,3 34,838 DUKE ENERGY CORP NOTE 264399EJ1 7,455 7,000,000 PRN DEFINED 2,3,4 296,736 ELECTRONCIS FOR IMAGING DBCV 286082AA0 1,383 1,450,000 PRN DEFINED 2,3 54,884 ELECTRONIC DATA SYSTEMS NOTE 285661AF1 19,427 19,500,000 PRN DEFINED 2,3,4 571,178 ENTERGY CORP COM 29364G103 4,915 81,100 SH DEFINED 2 81,100 ESTERLINE TECHNOLOGIES CORP COM 297425100 407 13,300 SH DEFINED 2 13,300 EXELON CORP COM 30161N101 3,331 90,800 SH DEFINED 2 90,800
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None FALCON FINANCIAL INVESTMENT COM 306032103 2,200 271,890 SH DEFINED 2,4 271,890 FEDERAL HM LOAN MORTGAGE CORCOM 313400301 2,588 39,675 SH DEFINED 2 39,675 FEDERAL NATL MTGE ASSN. COM 313586109 1,268 20,000 SH DEFINED 2 20,000 FEDERATED DEPART STORES INC COM 31410H101 1,363 30,000 SH DEFINED 2 30,000 FIRST CITIZENS BCSHS CL A 31946M103 224 1,900 SH DEFINED 2 1,900 FISHER SCIENTIFIC INTL NOTE 338032AW5 356 250,000 PRN DEFINED 2,3 5,267 FLIR SYSTEMS INC NOTE 302445AB7 1,077 700,000 PRN DEFINED 2,3 15,771 FMC CORP (NEW) COM 302491303 1,333 27,450 SH DEFINED 2 27,450 FMC TECHNOLOGIES INC COM 30249U101 1,548 46,346 SH DEFINED 2 46,346 GAP INC NOTE 364760AJ7 1,659 1,360,000 PRN DEFINED 2,3 84,368 GARDNER DENVER INC COM 365558105 926 33,600 SH DEFINED 2 33,600 GATX CORP COM 361448103 332 12,450 SH DEFINED 2 12,450 GENERAL CABLE CORP COM 369300108 777 73,050 SH DEFINED 2 73,050 GENERAL ELECTRIC CO COM 369604103 4,634 138,000 SH DEFINED 2 138,000 GENERAL MARITIME CORP SHS Y2692M103 3,831 110,000 SH DEFINED 2 110,000
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None GENERAL MOTORS SR CONVA370442741 20,328 800,000 SH DEFINED 2,3,4 800,000 GILEAD SCIENCES NOTE 375558AD5 1,212 750,000 PRN DEFINED 2,3 15,957 GLENBOROUGH REALTY TRUST INCCOM 37803P105 596 28,675 SH DEFINED 2 28,675 GLIMCHER REALTY TRUST SH BEN 379302102 629 25,875 SH DEFINED 2 25,875 GUITAR CENTER MG NOTE 402040AC3 1,828 1,300,000 PRN DEFINED 2,3 37,594 HANGER ORTHOPEDIC GROUP INC COM 41043F208 142 28,350 SH DEFINED 2 28,350 HEALTH NET INC COM 42222G108 2,104 85,125 SH DEFINED 2 85,125 HERMAN MILLER INC COM 600544100 205 8,300 SH DEFINED 2 8,300 HEWLETT-PACKARD CO. COM 428236103 1,880 100,250 SH DEFINED 2 100,250 HONDA MOTOR CO LTD AMERNSHS438128308 3,016 123,800 SH DEFINED 2 123,800 HORACE MANN EDUCATORS COM 440327104 895 50,900 SH DEFINED 2 50,900 HUTCHINSON TECH NOTE 448407AE6 1,096 1,000,000 PRN DEFINED 2,3 33,512 IKON MBIA INC. COM 55262C100 1,167 20,050 SH DEFINED 2 20,050 INCO LTD NOTE 453258AM7 5,300 5,000,000 PRN DEFINED 2,4 132,765 INCO LTD DBCV 453258AT2 4,295 3,152,000 PRN DEFINED 2 100,660
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None INTEGRA LIFESCIENCES HLD NOTE 457985AB5 731 635,000 PRN DEFINED 2,3 18,596 INTEL CORP COM 458140100 1,003 50,000 SH DEFINED 2 50,000 INTERNATIONAL BUSINESS MACHICOM 459200101 4,716 55,000 SH DEFINED 2 55,000 INTERPUBLIC GROUP COS NOTE 460690AT7 1,985 1,670,000 PRN DEFINED 2,3 134,461 INTERPUBLIC GRP NOTE 460690AJ9 24,196 25,503,000 PRN DEFINED 2,4 449,261 INTL GAME TECHNOLOGY DBCV 459902AL6 1,672 2,000,000 PRN DEFINED 2,4 42,341 INTL RECTIFIER NOTE 460254AE5 24,918 25,297,000 PRN DEFINED 2,4 342,152 INVITROGEN INC NOTE 46185RAF7 1,980 1,800,000 PRN DEFINED 2,3 26,378 IPC HOLDINGS LTD ORD G4933P101 2,824 74,300 SH DEFINED 2 74,300 IVAX CORP NOTE 465823AJ1 1,954 1,850,000 PRN DEFINED 2,3 77,440 JANUS CAPITAL GROUP INC. COM 47102X105 784 57,600 SH DEFINED 2 57,600 JOHNSON & JOHNSON COM 478160104 1,127 20,000 SH DEFINED 2 20,000 JPMORGAN CHASE & COMPANY COM 46625H100 2,920 73,500 SH DEFINED 2 73,500 KAYDON CORP NOTE 486587AB4 755 650,000 PRN DEFINED 2,3 22,291 KENNAMETAL INC COM 489170100 452 10,000 SH DEFINED 2 10,000
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None KIMBERLY CLARK COM 494368103 1,615 25,000 SH DEFINED 2 25,000 L-3 COMMUNICATIONS CORP COM 502424104 335 5,000 SH DEFINED 2 5,000 LEAR SEATING CORP COM 521865105 2,494 45,800 SH DEFINED 2 45,800 LENNOX INTERNATL NOTE 526107AB3 920 815,000 PRN DEFINED 2,3 45,059 LIBERTY MEDIA COMSERA 530718105 3,601 413,000 SH DEFINED 2 413,000 LIBERTY MEDIA INTL INC COM 530719103 53 1,584 SH DEFINED 2 1,584 LINCOLN NATIONAL CORP INDIANCOM 534187109 1,880 40,000 SH DEFINED 2 40,000 LOCKHEED MARTIN CORP COM 539830109 865 15,500 SH DEFINED 2 15,500 LOWES COMPANIES NOTE 548661CG0 20,500 20,000,000 PRN DEFINED 2,3,4 344,240 MARSH & MCLENNAN COS INC COM 571748102 915 20,000 SH DEFINED 2 20,000 MASCO CORPORATION COM 574599106 345 10,000 SH DEFINED 2 10,000 MASSEY ENERGY CO NOTE 576203AB9 525 300,000 PRN DEFINED 2,3 15,472 MBNA CORPORATION COM 55262L100 1,401 55,600 SH DEFINED 2 55,600 MCKESSON HBOC INC COM 58155Q103 1,068 41,650 SH DEFINED 2 41,650 MEDIACOM COMMUNICATIONS CORPCL A 58446K105 1,306 200,000 SH DEFINED 2 200,000 MEDICIS PHARMACE NOTE 58470KAA2 2,160 1,500,000 PRN DEFINED 2,3 25,818 MEDTRONIC INC COM 585055106 1,609 31,000 SH DEFINED 2 31,000 MERRILL LYNCH FRNT 590188A73 42,259 42,500,000 PRN DEFINED 2,3,4 587,405
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None METHANEX CORP COM 59151K108 1,658 110,000 SH DEFINED 2 110,000 METLIFE INC COM 59156R108 2,763 71,500 SH DEFINED 2 71,500 METROCALL HOLDINGS INC COM 59164X105 4,260 65,690 SH DEFINED 2,4 65,690 MICRON TECH NOTE 595112AG8 1,808 1,500,000 PRN DEFINED 2,3 127,248 MICROSOFT CORP COM 594918104 3,398 122,900 SH DEFINED 2 122,900 MILACRON INC COM 598709103 196 62,775 SH DEFINED 2 62,775 MONEYGRAM INTERNATIONAL COM 60935Y109 1,481 86,700 SH DEFINED 2 86,700 MORGAN STANLEY ASIA-PACIF FDCOM 61744U106 797 70,700 SH DEFINED 2 70,700 NACCO INDS INC CL A CL A 629579103 534 6,200 SH DEFINED 2 6,200 NCI BUILDING SYSTEMS INC COM 628852105 711 22,275 SH DEFINED 2 22,275 NEUBERGER BERMAN REALTY INC COM 64126G109 701 40,000 SH DEFINED 2 40,000 NEWS AMER INC NOTE 652482AZ3 50,088 87,300,000 PRN DEFINED 2,3,4 1,060,547 NEWS CORP LTD ADR 652487802 6,598 210,607 SH DEFINED 2 210,607 NISOURCE INC COM 65473P105 4,170 198,500 SH DEFINED 2 198,500 NORTEL NETWORKS NOTE 656568AB8 8,685 9,000,000 PRN DEFINED 2,4 900,000 NORTHERN TRUST CORP COM 665859104 1,469 36,000 SH DEFINED 2 36,000 NOVOGEN LIMITED ADR 67010F103 454 24,950 SH DEFINED 2 24,950
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None OAK INDUSTRIES NOTE 671400AL3 18,036 17,532,000 PRN DEFINED 2,4 1,129,638 OHIO CASUALTY CORP COM 677240103 711 33,975 SH DEFINED 2 33,975 OLD REPUBLIC INTL CORP COM 680223104 5,115 204,338 SH DEFINED 2 204,338 OMNICOM GROUP NOTE 681919AK2 3,985 4,000,000 PRN DEFINED 2,4 36,360 OMNICOM GROUP NOTE 681919AM8 12,344 12,500,000 PRN DEFINED 2,3,4 113,625 P G 7 E CORPORATION COM 69331C108 4,451 146,400 SH DEFINED 2 146,400 PAPA JOHN'S INTL INC COM 698813102 614 20,025 SH DEFINED 2 20,025 PAYLESS SHOESOURCE INC COM 704379106 983 97,050 SH DEFINED 2 97,050 PEPSICO INCORPORATED COM 713448108 1,557 32,000 SH DEFINED 2 32,000 PETRO-CANADA COM 71644E102 1,559 30,000 SH DEFINED 2 30,000 PFIZER INC COM 717081103 3,210 104,900 SH DEFINED 2 104,900 PHILLIPS PETROLEUM COMPANY COM 20825C104 1,527 18,425 SH DEFINED 2 18,425 PHOTRONICS INC NOTE 719405AE2 174 135,000 PRN DEFINED 2,3 8,496 PIONEER NATURAL RESOURCES COCOM 723787107 1,379 40,000 SH DEFINED 2 40,000 PIONEER STANDARD ELECTRONICSCOM 00847J105 464 26,825 SH DEFINED 2 26,825
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None PLACER DOME INC COM 725906101 2,070 104,100 SH DEFINED 2 104,100 PMI GROUP INC COM 69344M101 1,623 40,000 SH DEFINED 2 40,000 PRECISION CASTPARTS CORP COM 740189105 1,578 26,275 SH DEFINED 2 26,275 PRIME HOSPITALITY CORP COM 741917108 78 6,375 SH DEFINED 2,4 6,375 PROTECTIVE LIFE CORP COM 743674103 1,013 25,775 SH DEFINED 2 25,775 PUBLIC SERVICE CO OF N MEX COM 69349H107 636 28,238 SH DEFINED 2 28,238 PULTE CORP COM 745867101 8,592 140,000 SH DEFINED 2 140,000 R.H. DONNELLEY CORP COM 74955W307 967 19,600 SH DEFINED 2 19,600 RADIAN GROUP INC COM 750236101 750 16,225 SH DEFINED 2 16,225 RENT-A-CENTER INC COM 76009N100 933 36,075 SH DEFINED 2 36,075 RESMED INC NOTE 761152AB3 1,501 1,450,000 PRN DEFINED 2,3 23,927 ROBBINS & MYERS INC COM 770196103 292 13,250 SH DEFINED 2 13,250 RYLAND GROUP INC COM 783764103 1,853 20,000 SH DEFINED 2 20,000 SABRE GROUP HOLDINGS INC CLA 785905100 245 10,000 SH DEFINED 2 10,000 SANMINA CORP SDCV 800907AD9 42,801 81,915,000 PRN DEFINED 2,3,4 531,022
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None SARA LEE CORP COM 803111103 1,956 85,550 SH DEFINED 2 85,550 SCANA CORP COM 80589M102 2,927 78,400 SH DEFINED 2 78,400 SCHLUMBERGER LIMITED COM 806857108 3,776 56,100 SH DEFINED 2 56,100 SCHLUMBERGER LIMITED DBCV 806857AC2 3,285 3,000,000 PRN DEFINED 2,4 41,477 SCHWEITZER-MAUDUIT INTL INC COM 808541106 423 13,050 SH DEFINED 2 13,050 SOLECTRON CORP NOTE 834182AS6 3,302 3,960,000 PRN DEFINED 2,3,4 409,649 SPANISH BROADCASTING SYS CL A 846425882 2,061 209,432 SH DEFINED 2,4 209,432 SPHERION CORPORATION COM 848420105 531 67,950 SH DEFINED 2 67,950 SPRINT CORP COM 852061100 4,026 200,000 SH DEFINED 2 200,000 SUN HEALTHCARE GROUP INC COM 866933401 20 2,480 SH DEFINED 2,4 2,480 TARGET CORP COM 87612E106 1,810 40,000 SH DEFINED 2 40,000 TEEKAY SHIPPING CORP COM Y8564W103 1,767 41,000 SH DEFINED 2 41,000 TEJON RANCH COM 879080109 776 20,600 SH DEFINED 2 20,600 TEVA PHARMACEUT FIN BV DBCV 88164RAA5 2,725 2,835,000 PRN DEFINED 2,4 74,801 TEXTRON INC COM 883203101 1,170 18,200 SH DEFINED 2 18,200 TJX COS INC NOTE 872540AL3 5,559 6,800,000 PRN DEFINED 2,3,4 222,136
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None TORCHMARK CORP COM 891027104 1,423 26,750 SH DEFINED 2 26,750 TRIARC COMPANIES CL A 895927101 198 17,350 SH DEFINED 2 17,350 TRIARC COS-B CLB SER1895927309 398 34,700 SH DEFINED 2 34,700 TRINITY INDUSTRIES COM 896522109 627 20,125 SH DEFINED 2 20,125 TRIQUINT SEMICON NOTE 89674KAB9 4,813 5,000,000 PRN DEFINED 2,3,4 73,746 UNION PACIFIC COM 907818108 1,880 32,075 SH DEFINED 2 32,075 UNITED NATIONAL GROUP CLA 91103X102 424 29,200 SH DEFINED 2 29,200 UNITED PARCEL SERVICE CL B 911312106 1,784 23,500 SH DEFINED 2 23,500 UNIVERSAL CORP-VA COM 913456109 480 10,750 SH DEFINED 2 10,750 UNOCAL CORP COM 915289102 3,496 81,300 SH DEFINED 2 81,300 US CORPORATION COM 91729Q101 724 20,175 SH DEFINED 2 20,175 VALASSIS COMMUNICATIONS INC COM 918866104 877 29,650 SH DEFINED 2 29,650 VALERO ENERGY CORP COM 91913Y100 4,412 55,000 SH DEFINED 2 55,000 VERZION COMMUNICATIONS INC COM 92343V104 1,040 26,400 SH DEFINED 2 26,400 VIAD CORP COM 92552R406 1,331 56,100 SH DEFINED 2 56,100 VINTAGE PETROLEUM INC COM 927460105 3,011 150,000 SH DEFINED 2 150,000 VODAFONE AIRTOUCH ADR 92857W100 2,175 90,200 SH DEFINED 2 90,200 WAL MART STORES INC COM 931142103 1,064 20,000 SH DEFINED 2 20,000 WALTER INDUSTRIES INC COM 93317Q105 333 20,800 SH DEFINED 2 20,800
Column Column Column Column Column Column Column Column 1: 2: 3: 4: 5: 6: 7: 8: Name Title Shares or Voting Authority of of CUSIP Value Principal SH/ Put/ Investment Other ------------------ Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None WASHINGTON MUTUAL INC COM 939322103 1,293 33,075 SH DEFINED 2 33,075 WELLS FARGO COMPANY COM 949746101 1,789 30,000 SH DEFINED 2 30,000 WEYERHAEUSER COMPANY COM 962166104 2,327 35,000 SH DEFINED 2 35,000 WHIRLPOOL CORPORATION COM 963320106 2,102 34,975 SH DEFINED 2 34,975 WILLIAMS COS INC COM 969457100 3,376 279,000 SH DEFINED 2 279,000 WISCONSIN ENERGY CORP COM 976657106 2,373 74,375 SH DEFINED 2 74,375 WYETH COM 983024100 1,122 30,000 SH DEFINED 2 30,000 XCEL ENERGY INC COM 98389B100 2,014 116,300 SH DEFINED 2 116,300 XL CAPITAL LTD-CLASS A CL A G98255105 1,894 25,600 SH DEFINED 2 25,600 YELLOW ROADWAY CORP NOTE 985509AN8 2,057 1,350,000 PRN DEFINED 2,3 34,404 YORK INTERNATIONAL CORP COM 986670107 591 18,700 SH DEFINED 2 18,700
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