13F-HR 1 aon-13f.txt 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, 2001 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: Aon Advisors, Inc. Address: 200 East Randolph Street Chicago, IL 60601 Name of additional disclosed party: Name: Aon Corporation Address: 200 East Randolph Street Chicago, IL 60601 Form 13F File Number: 28-2005 28-2401 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: Michael A. Conway Title: President Phone: (312) 381-3330 Signature, Place, and Date of Signing: /s/ Michael A. Conway Chicago, IL August 08, 2001 ---------------------------- ----------------------- --------------- [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F SUMMARY PAGE Report Summary Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 314 Form 13F Information Table Value Total: $519,494 (thousands) List of Other Included Managers Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries] No. Form 13F File Number Name
FORM 13F INFORMATION TABLE NAME OF ISSUER TITLE OF CLASS CUSIP MARKET VALUE PAR SHARES ITEM:6 ITEM:7 ITEM:8 ACM GOVT OPPOR FUND INC. Common Stock 000918102 $40,504,037 4,655,636 X X AMB PROPERTY CORP Common Stock 00163T109 $425,040 16,500 X X AMLI RESIDENTIAL PROPERTIES Common Stock 001735109 $87,207 3,545 X X AOL TIME WARNER Common Stock 00184A105 $9,226,293 174,081 X X AT&T CORP. Common Stock 001957109 $1,551,031 70,501 X X AT&T CORP. Common Stock 001957208 $1,049,400 60,000 X X ABBOTT LABORATORIES Common Stock 002824100 $1,440,000 30,000 X X ALCOA, INC. Common Stock 013817101 $2,364,000 60,000 X X ALEXANDRIA REAL EST EQUITIES Common Stock 015271109 $123,380 3,100 X X ALLIED WASTE INDUSTRIES INC Common Stock 019589308 $2,148,536 115,018 X X ALLTEL CORP. Common Stock 020039103 $2,756,700 45,000 X X AMERICAN GENERAL CORP Common Stock 026351106 $557,400 12,000 X X AMERICAN INDUSTRIAL PROPS REIT Common Stock 026791202 $38,670 3,000 X X AMERICAN INTERNATIONAL GROUP Common Stock 026874107 $5,908,195 69,500 X X AMETEK INC Common Stock 031100100 $519,350 17,000 X X AMGEN, INC. Common Stock 031162100 $4,126,240 68,000 X X ANADARKO PETROLEUM CORP Common Stock 032511107 $2,587,680 48,000 X X ANDREW CORPORATION Common Stock 034425108 $1,568,250 85,000 X X ANHEUSER-BUSCH COMPANIES INC Common Stock 035229103 $3,090,000 75,000 X X AON FUNDS Common Stock 036912889 $104,471,516 10,302,911 X X APACHE CORP. Common Stock 037411105 $2,943,500 58,000 X X APARTMENT INVESTMENT & MGMT CO Common Stock 03748R101 $675,427 14,013 X X ARCHSTONE COMMUNITIES TRUST Common Stock 039581103 $622,071 24,130 X X ARDEN REALTY GROUP INC. Common Stock 039793104 $333,750 12,500 X X ASSOCIATED ESTATES REALTY CORP Common Stock 045604105 $36,418 3,770 X X AVALONBAY COMMUNITIES INC. Common Stock 053484101 $615,324 13,162 X X BP AMOCO PLC Common Stock 055622104 $3,140,550 63,000 X X BRE PROPERTIES, INC. Common Stock 05564E106 $272,094 8,980 X X BANKAMERICA CORP Common Stock 060505104 $1,500,750 25,000 X X BEDFORD PROPERTY INVESTORS Common Stock 076446301 $75,839 3,620 X X BIOGEN Common Stock 090597105 $2,065,680 38,000 X X BOSTON PROPERTIES INC Common Stock 101121101 $719,840 17,600 X X BOYKIN LODGING Common Stock 103430104 $43,860 3,400 X X BRANDYWINE REALTY TRUST Common Stock 105368203 $158,385 7,055 X X BRISTOL MYERS SQUIBB Common Stock 110122108 $2,615,000 50,000 X X BURLINGTON NORTHERN/SANTA FE Common Stock 12189T104 $1,121,100 37,000 X X BURNHAM PACIFIC PPTY INC. Common Stock 12232C108 $30,288 6,310 X X CBL & ASSOC. PROPERTIES Common Stock 124830100 $151,148 4,925 X X CMGI INC Common Stock 125750109 $30,000 10,000 X X CSX CORPORATION Common Stock 126408103 $2,536,800 70,000 X X CVS CORPORATION Common Stock 126650100 $1,544,000 40,000 X X CABOT INDUSTRIAL TRUST Common Stock 127072106 $168,000 8,000 X X CAMDEN PROPERTY TRUST Common Stock 133131102 $275,030 7,494 X X CAPITAL AUTOMOTIVE REIT Common Stock 139733109 $73,800 4,100 X X CAPTEC NET LEASE REALTY INC Common Stock 140724105 $25,289 1,900 X X CARDINAL HEALTH INC. Common Stock 14149Y108 $3,622,500 52,500 X X CARNIVAL CORP Common Stock 143658102 $1,842,000 60,000 X X CARRAMERICA REALTY CORP Common Stock 144418100 $400,008 13,115 X X CENTER TRUST, INC. Common Stock 151845104 $24,267 5,230 X X CENTERPOINT PROPERTIES TRUST Common Stock 151895109 $205,067 4,085 X X CHATEAU COMMUNITIES INC Common Stock 161726104 $175,526 5,590 X X CHELSEA PROPERTY GROUP INC Common Stock 163421100 $145,156 3,095 X X CINAR CORP CL B SUB VTG Common Stock 171905300 $166,000 40,000 X X CISCO SYSTEMS Common Stock 17275R102 $1,164,800 64,000 X X CITIGROUP INC. Common Stock 172967101 $5,765,531 109,113 X X CITRIX SYSTEMS INC Common Stock 177376100 $1,570,500 45,000 X X CLEAR CHANNEL COMM Common Stock 184502102 $5,040,641 80,393 X X COLGATE PALMOLIVE CO Common Stock 194162103 $1,769,700 30,000 X X COLONIAL PROPERTIES TRUST Common Stock 195872106 $126,588 4,110 X X COMMERCIAL NET LEASE REALTY Common Stock 202218103 $85,714 6,015 X X COMPAQ COMPUTER Common Stock 204493100 $995,800 65,000 X X COMVERSE TECHNOLOGY,INC Common Stock 205862402 $856,500 15,000 X X CONCORD EFS INC Common Stock 206197105 $2,080,400 40,000 X X CORNERSTONE PROPANE PARTNERS Common Stock 218916104 $427,040 27,200 X X CORNERSTONE REALTY INCOME TR Common Stock 21922V102 $80,040 6,900 X X CORNING INC. Common Stock 219350105 $919,050 55,000 X X CORPORATE OFFICE PROPERTIES Common Stock 22002T108 $40,000 4,000 X X COUSINS PROPERTIES INC. Common Stock 222795106 $258,029 9,610 X X CRESENT REAL ESTATE EQUITIES Common Stock 225756105 $587,592 23,915 X X CROMPTON CORP Common Stock 227116100 $274,680 25,200 X X CROWN AMERN REALTY TRUST Common Stock 228186102 $43,128 5,165 X X DANA CORP Common Stock 235811106 $387,094 16,585 X X DEAN FOODS CO. Common Stock 242361103 $1,218,170 30,500 X X DEERE & CO Common Stock 244199105 $1,816,800 48,000 X X DELL COMPUTER CORP Common Stock 247025109 $2,920,955 111,700 X X DELPHI AUTO SYSTEMS CORP Common Stock 247126105 $1,593,080 100,005 X X DEVELOPERS DIVERSIFIED REALTY Common Stock 251591103 $198,504 10,800 X X DEVON ENERGY Common Stock 25179M103 $3,150,000 60,000 X X DIGITAL RIVER INC Common Stock 25388B104 $135,000 30,000 X X THE WALT DISNEY CO. Common Stock 254687106 $2,889,000 100,000 X X DOW CHEMICAL Common Stock 260543103 $1,762,250 53,000 X X DSL.NET Common Stock 262506108 $28,700 35,000 X X DUPONT (E.I.) DENEMOURS & CO Common Stock 263534109 $2,412,000 50,000 X X DUKE REALTY CORP. Common Stock 264411505 $1,521,394 61,223 X X EMC CORP./MASS Common Stock 268648102 $734,526 25,112 X X EASTGROUP PROPERTIES Common Stock 277276101 $69,947 3,095 X X EASTMAN CHEMICAL Common Stock 277432100 $3,095,950 65,000 X X ECOMETRY CORP Common Stock 27900H106 $42,300 30,000 X X EMERSON ELECTRIC CO. Common Stock 291011104 $4,235,000 70,000 X X ENTERTAINMENT PROPERTIES TRUST Common Stock 29380T105 $52,925 2,900 X X EQUITY INNS INC. Common Stock 294703103 $70,805 7,225 X X EQUITY OFFICE PROPERTIES TRUST Common Stock 294741103 $2,519,503 79,655 X X EQUITY ONE INC Common Stock 294752100 $28,100 2,500 X X EQUITY RESIDENTIAL PROPERTIES Common Stock 29476L107 $1,479,518 26,163 X X ESSEX PROPERTY TRUST INC Common Stock 297178105 $183,583 3,705 X X EXCEL LEGACY CORP. Common Stock 300665106 $138,690 67,000 X X EXXON MOBIL CORP Common Stock 30231G102 $6,271,992 71,803 X X FEDERAL NATIONAL MORTGAGE ASSN Common Stock 313586109 $3,401,200 40,000 X X FEDERAL REALTY INV. TRUST Common Stock 313747206 $160,942 7,760 X X FELCOR SUITE HOTELS INC. Common Stock 31430F101 $245,466 10,490 X X FIBERMARK INC Common Stock 315646109 $795,000 60,000 X X FIRST DATA CORPORATION Common Stock 319963104 $1,330,565 20,677 X X FIRST INDUSTRIAL REALTY TRUST Common Stock 32054K103 $244,425 7,605 X X FIRST UNION CORP Common Stock 337358105 $2,620,500 75,000 X X FIRST FEDERAL SAVINGS BANK Common Stock 33761K105 $1,527,097 56,580 X X FORD MOTOR COMPANY Common Stock 345370860 $5,579,282 227,262 X X FOUNDRY NETWORKS IN Common Stock 35063R100 $279,720 14,000 X X FOX ENTERTAINMENT GRP INC-A Common Stock 35138T107 $613,800 22,000 X X FRANCHISE FINANCE CORP OF AMER Common Stock 351807102 $280,228 11,160 X X GPU INC. Common Stock 36225X100 $1,757,500 50,000 X X GABLES RESIDENTIAL TRUST Common Stock 362418105 $137,021 4,575 X X GENERAL ELECTRIC Common Stock 369604103 $4,296,630 88,136 X X GENERAL GROWTH PROPERTIES INC. Common Stock 370021107 $405,605 10,305 X X GENTEX CORP Common Stock 371901109 $696,750 25,000 X X GEORGIA-PACIFIC CORP Common Stock 373298108 $2,200,250 65,000 X X GLAXOSMITHKLINE PLC-ADR Common Stock 37733W105 $319,778 5,690 X X GLENBOROUGH REALTY TRUST Common Stock 37803P105 $109,914 5,695 X X GLIMCHER REALTY TRUST Common Stock 379302102 $530,735 29,650 X X W.W. GRAINGER INC. Common Stock 384802104 $2,963,520 72,000 X X GREAT LAKES REIT Common Stock 390752103 $60,093 3,300 X X HRPT PROPERTIES, INC Common Stock 40426W101 $2,219,413 228,100 X X JOHN HANCOCK FINANCIAL SVCS Common Stock 41014S106 $154,961 3,849 X X HARTMARX Common Stock 417119104 $253,761 101,100 X X HEALTH EXTRAS Common Stock 422211102 $348,437 36,755 X X HELMERICH AND PAYNE INC. Common Stock 423452101 $1,232,800 40,000 X X HEWLETT PACKARD CO. Common Stock 428236103 $2,087,800 73,000 X X HIGHWOOD PROPERTIES INC Common Stock 431284108 $307,008 11,520 X X HOME DEPOT INC Common Stock 437076102 $1,399,340 30,061 X X HOME PROPERTIES OF NY INC Common Stock 437306103 $129,430 4,300 X X HONEYWELL INTERNATIONAL INC. Common Stock 438516106 $1,574,550 45,000 X X HOSPITALITY PROPERTIES TRUST Common Stock 44106M102 $315,353 11,065 X X HOST MARRIOTT CORP Common Stock 44107P104 $575,920 46,000 X X HOTJOBS.COM LTD Common Stock 441474103 $45,000 5,000 X X IRT PROPERTY COMPANY Common Stock 450058102 $65,122 5,980 X X ILLINOIS TOOL WORKS INC. Common Stock 452308109 $4,304,400 68,000 X X INGERSOLL RAND CO. Common Stock 456866102 $3,502,000 85,000 X X INNKEEPERS USA TRUST Common Stock 4576J0104 $141,963 11,850 X X INTEL CORPORATION Common Stock 458140100 $2,515,500 86,000 X X INT'L BUSINESS MACHINES Common Stock 459200101 $4,520,000 40,000 X X INTERNATIONAL PAPER COMPANY Common Stock 460146103 $928,200 26,000 X X INVESTORS REAL ESTATE TRUST Common Stock 461730103 $40,480 4,600 X X IVEX PACKAGING Common Stock 465855104 $1,746,100 91,900 X X JDN REALTY CORP Common Stock 465917102 $87,108 6,405 X X JP REALTY INC Common Stock 46624A106 $76,195 3,110 X X JP MORGAN CHASE & CO Common Stock 46625H100 $624,400 14,000 X X JOHNSON & JOHNSON Common Stock 478160104 $6,401,600 128,032 X X KERR MCGEE CORP Common Stock 492386107 $1,822,425 27,500 X X KILROY REALTY CORP Common Stock 49427F108 $151,320 5,200 X X KIMCO REALTY CORP. Common Stock 49446R109 $589,508 12,450 X X KOGER EQUITY INC. Common Stock 500228101 $87,450 5,300 X X KRAMONT REALTY TRUST Common Stock 50075Q107 $51,026 3,730 X X KROGER Common Stock 501044101 $2,359,200 94,368 X X L-3 COMMUNICATIONS HLDGS INC Common Stock 502424104 $2,227,960 29,200 X X LASALLE HOTEL PROPERTIES Common Stock 517942108 $64,152 3,600 X X LEXINGTON CORP PPTY TRUST Common Stock 529043101 $53,294 3,445 X X LIBERTY PROPERTY TRUST Common Stock 531172104 $396,196 13,385 X X ELI LILLY & CO. Common Stock 532457108 $2,590,000 35,000 X X LITTELFUSE, INC. Common Stock 537008104 $1,071,600 40,000 X X MGIC INVESTMENT CORP Common Stock 552848103 $1,816,000 25,000 X X MSC INDUSTRIAL DIRECT Common Stock 553530106 $174,000 10,000 X X THE MACERICH COMPANY Common Stock 554382101 $165,540 6,675 X X MACK-CALI REALTY CORP. Common Stock 554489104 $2,027,634 71,195 X X MANUFACTURED HOME COMMUNITIES Common Stock 564682102 $115,632 4,115 X X MAY DEPT STORES Common Stock 577778103 $1,987,080 58,000 X X MCAFEE.COM CORPORATION Common Stock 579062100 $73,680 6,000 X X MCDONALDS CORP Common Stock 580135101 $1,434,180 53,000 X X MEDIMMUNE INC Common Stock 584699102 $1,888,000 40,000 X X MERCK & CO. Common Stock 589331107 $639,100 10,000 X X MERISTAR HOSPITALITY CORP Common Stock 58984Y103 $208,596 8,783 X X METALS USA INC Common Stock 591324108 $42,000 20,000 X X MICROSOFT CORP. Common Stock 594918104 $2,920,000 40,000 X X MID-AMERICA APARTMENT COMM. Common Stock 59522J103 $86,878 3,395 X X MID ATLANTIC REALTY TRUST Common Stock 595232109 $33,750 2,700 X X MILLS CORPORATION Common Stock 601148109 $114,267 4,645 X X MISSION WEST PROPERTIES Common Stock 605203108 $41,140 3,400 X X MOBILE MINI INC Common Stock 60740F105 $1,846,880 56,000 X X MORGAN STANLEY DEAN WITTER & C Common Stock 617446448 $2,440,779 38,001 X X NABORS INDUSTRIES INC Common Stock 629568106 $744,000 20,000 X X NANOPHASE TECHNOLOGIES Common Stock 630079101 $436,475 39,500 X X NASDAQ 100 SHARES Common Stock 631100104 $2,650,600 58,000 X X NATIONAL GOLF PROPERTIES INC. Common Stock 63623G109 $70,714 2,595 X X NEW PLAN EXCEL REALTY, INC Common Stock 648053106 $263,497 17,222 X X NEWELL RUBBERMAID, INC Common Stock 651229106 $13 1 X X NEWPARK RESOURCES INC. Common Stock 651718504 $1,672,592 150,684 X X NEWS CORP LTD-SPONS ADR Common Stock 652487703 $1,077,350 29,000 X X NOKIA ADR A Common Stock 654902204 $1,642,060 74,000 X X NORFOLK SOUTHERN CORP Common Stock 655844108 $2,797,100 134,800 X X NUCOR CORP Common Stock 670346105 $2,200,050 45,000 X X OMEGA WORLDWIDE INC Common Stock 68210B108 $57,816 21,817 X X PS BUSINESS PARKS INC Common Stock 69360J107 $126,000 4,500 X X PACIFIC GULF PROPERTIES Common Stock 694396102 $25,037 5,120 X X PAN PACIFIC RETAIL PPTY Common Stock 69806L104 $160,758 6,183 X X PARKWAY PROPERTIES INC. Common Stock 70159Q104 $63,450 1,800 X X PAXSON COMMUNICATION Common Stock 704231109 $268,000 20,000 X X PENNEY J C COMPANY, INC. Common Stock 708160106 $922,600 35,000 X X PENN REAL ESTATE INVEST TST Common Stock 709102107 $65,579 2,655 X X PEPSICO INC Common Stock 713448108 $1,105,000 25,000 X X PETROLEUM GEO-SVCS -SPON ADR Common Stock 716597109 $657,150 65,000 X X PFIZER, INC. Common Stock 717081103 $6,588,225 164,500 X X PINNACLE HOLDINGS INC Common Stock 72346N101 $99,165 16,500 X X PITNEY BOWES INC Common Stock 724479100 $421,200 10,000 X X BANCO POPULAR Common Stock 733174106 $86,411 2,623 X X POST PROPERTIES Common Stock 737464107 $295,041 7,795 X X POWERWAVE TECHNOLOGIES INC Common Stock 739363109 $942,500 65,000 X X PRENTISS PROPERTIES TRUST Common Stock 740706106 $189,360 7,200 X X PRIME GROUP REALTY TRUST Common Stock 74158J103 $41,850 3,100 X X PUBLIC STORAGE INC. Common Stock 74460D109 $702,666 23,699 X X QUANTA SERVICES INC Common Stock 74762E102 $1,476,680 67,000 X X RFS HOTEL INVESTORS INC. Common Stock 74955J108 $76,187 4,825 X X RADIANT SYSTEMS INC Common Stock 75025N102 $612,560 38,000 X X RADIOSHACK CORP Common Stock 750438103 $1,067,500 35,000 X X RAILWORKS CORP Common Stock 750789109 $158,400 96,000 X X REALTY INCOME CORP Common Stock 756109104 $155,190 5,250 X X RECKSON ASSOC REALTY CORP Common Stock 75621K106 $254,610 11,070 X X REGENCY CENTERS CORP Common Stock 758849103 $287,147 11,305 X X RIO ALTO EXPLORATION LTD Common Stock 766892103 $1,384,538 80,000 X X ROUSE CO Common Stock 779273101 $386,775 13,500 X X ROYAL DUTCH PETROLEUM CO. Common Stock 780257804 $1,806,370 31,000 X X SL GREEN REALTY CORP Common Stock 78440X101 $145,488 4,800 X X ST PAUL COS Common Stock 792860108 $35 1 X X SAKS INCORPORATED Common Stock 79377W108 $595,200 62,000 X X SANDISK CORP Common Stock 80004C101 $641,470 23,000 X X SAUL CENTERS INC Common Stock 804395101 $50,909 2,695 X X SCHERING PLOUGH CORP Common Stock 806605101 $5,211,602 143,808 X X SCHOLASTIC CORP Common Stock 807066105 $2,250,000 50,000 X X SHELL TRANSPORT - TRADING ADR Common Stock 822703609 $1,006,800 20,000 X X SHERWIN-WILLIAMS CO Common Stock 824348106 $222,000 10,000 X X SHIRE PHARMACEUTICALS Common Stock 82481R106 $832,500 15,000 X X SHURGARD STORAGE Common Stock 82567D104 $183,281 5,865 X X SIGMA ALDRICH Common Stock 826552101 $231,720 6,000 X X SIMON PROPERTY GROUP, INC. Common Stock 828806109 $1,024,824 34,195 X X SIX FLAGS INC. Common Stock 83001P109 $1,472,800 70,000 X X SMITH CHARLES E RESIDENTIAL Common Stock 832197107 $220,409 4,395 X X SOVRAN SELF STORAGE INC Common Stock 84610H108 $63,498 2,320 X X SPIEKER PROPERTIES, INC. Common Stock 848497103 $776,353 12,950 X X SPRINT CORPORATION Common Stock 852061100 $961,200 45,000 X X STATE STREET CORP Common Stock 857477103 $1,484,700 30,000 X X STILWELL FINANCIAL INC Common Stock 860831106 $671,200 20,000 X X STORAGE USA Common Stock 861907103 $193,140 5,365 X X SUMMIT PROPERTIES INC Common Stock 866239106 $139,918 5,215 X X SUN COMMUNITIES INC Common Stock 866674104 $121,427 3,435 X X SUN MICROSYSTEMS, INC. Common Stock 866810104 $2,027,880 129,000 X X SUNGARD DATA SYSTEMS Common Stock 867363103 $2,400,800 80,000 X X SYMANTEC CORP Common Stock 871503108 $655,350 15,000 X X TANGER FACTORY Common Stock 875465106 $36,800 1,600 X X TARGET CORP Common Stock 87612E106 $1,384,000 40,000 X X TAUBMAN CENTERS INC. Common Stock 876664103 $141,120 10,080 X X TECHNITROL INC Common Stock 878555101 $1,040,000 40,000 X X TELLABS INC. Common Stock 879664100 $1,773,270 91,500 X X TENET HEALTHCARE CORP Common Stock 88033G100 $2,322,000 45,000 X X TEXACO, INC. Common Stock 881694103 $733,260 11,000 X X TEXTRON, INC Common Stock 883203101 $2,201,600 40,000 X X TOWN & COUNTRY TRUST Common Stock 892081100 $63,954 3,135 X X TRIBUNE CO Common Stock 896047107 $3,760,940 94,000 X X TROPICAL SPORTSWEAR INTL Common Stock 89708P102 $343,365 16,500 X X TYCO INTERNATIONAL LTD. Common Stock 902124106 $34 1 X X US RESTAURANT PROPERTIES Common Stock 902971100 $52,255 3,500 X X UNITED AUTO GROUP INC Common Stock 909440109 $11,682,895 667,594 X X UNITED DOMINION REALTY TRUST Common Stock 910197102 $291,090 20,285 X X UNITED TECHNOLOGIES CORP Common Stock 913017109 $1,321,757 18,042 X X UNIVERSAL FOREST PRODUCTS Common Stock 913543104 $360,000 16,000 X X VF CORP. Common Stock 918204108 $3,572,516 98,200 X X VERIZON CORPORATION Common Stock 92343V104 $749,000 14,000 X X VIACOM INC Common Stock 925524100 $1,591,200 30,000 X X VIACOM INC Common Stock 925524308 $612,720 11,840 X X VOICESTREAM WIRELESS CORP Common Stock 928615103 $982 11 X X VORNADO REALTY TRUST Common Stock 929042109 $666,725 17,078 X X VORNADO OPERATING COMPANY Common Stock 92904N103 $3,864 2,800 X X WAL-MART STORES, INC. Common Stock 931142103 $829,600 17,000 X X WALGREENS CO Common Stock 931422109 $1,378,400 40,000 X X WASHINGTON MUTUAL INC Common Stock 939322103 $57 2 X X WASHINGTON REIT Common Stock 939653101 $167,135 7,070 X X WATSCO Common Stock 942622101 $161,520 12,000 X X WATSCO Common Stock 942622200 $1,692,000 120,000 X X WATSON PHARMACEUTICALS, INC. Common Stock 942683103 $1,232,800 20,000 X X WEINGARTEN REALTY TRUST Common Stock 948741103 $270,335 6,165 X X WESTFIELD AMERICA INC Common Stock 959910100 $277,264 17,200 X X WILLAMETTE INDUSTRIES Common Stock 969133107 $2,970,000 60,000 X X WINSTON HOTELS INC. Common Stock 97563A102 $34,917 3,335 X X WINTRUST FINANCIAL CORP Common Stock 97650W108 $1,160,495 46,700 X X WIRELESS TELECOM GROUP, INC. Common Stock 976524108 $327,704 109,600 X X WORLDCOM INC Common Stock 98157D106 $1,442,720 101,600 X X WORLDCOM INC Common Stock 98157D304 $65,430 4,064 X X YAHOO ! INC. Common Stock 984332106 $1,479,260 74,000 X X YOUNG BROADCASTING CORP -A Common Stock 987434107 $1,662,210 49,500 X X TRENWICK GROUP Common Stock G9032C109 $17,236,573 752,032 X X AUDIOCODES LTD Common Stock M15342104 $353,500 50,000 X X SUN INTERNATIONAL HOTELS LTD-A Common Stock P8797T133 $426,006 15,778 X X J. BAKER INC Taxable Bonds-Convertible 057232AA8 $49,500 150,000 X X CKE RESTAURANTS INC Taxable Bonds-Convertible 12561EAB1 $521,494 1,095,000 X X CLEAR CHANNEL COMM Taxable Bonds-Convertible 184502AE2 $406,938 425,000 X X ESC MEDICAL SYSTEMS Taxable Bonds-Convertible 269025AA0 $517,750 545,000 X X ESC MEDICAL SYSTEMS Taxable Bonds-Convertible 269025AB8 $304,000 320,000 X X GETTY IMAGES, INC Taxable Bonds-Convertible 374276AA1 $2,107,500 2,000,000 X X GETTY IMAGES, INC Taxable Bonds-Convertible 374276AD5 $4,680,000 6,000,000 X X GOLD EAGLE CAPITAL 2001 Taxable Bonds-Convertible 38058MAA0 $3,972,400 4,000,000 X X HEALTHSOUTH CORP Taxable Bonds-Convertible 421924AD3 $1,379,700 1,460,000 X X HILTON HOTELS CORP. Taxable Bonds-Convertible 432848AL3 $605,813 675,000 X X INTERIM SERVICES, INC. Taxable Bonds-Convertible 45868PAA8 $899,763 1,130,000 X X KELLSTROM INDUSTRIES Taxable Bonds-Convertible 488035AC0 $892,500 3,500,000 X X KELLSTROM INDUSTRIES Taxable Bonds-Convertible 488035AE6 $410,000 2,000,000 X X KERR MCGEE CORP Taxable Bonds-Convertible 492386AP2 $1,407,313 1,150,000 X X LTC PROPERTIES INC Taxable Bonds-Convertible 502175AF9 $735,938 750,000 X X MASCOTECH INC. Taxable Bonds-Convertible 574670AB1 $700,650 865,000 X X MUTUAL RISK Taxable Bonds-Convertible 628351AA6 $402,500 1,000,000 X X QUANTA SERVICES INC Taxable Bonds-Convertible 74762EAA0 $1,460,000 2,000,000 X X THERMO INSTRUMENT SYSTEMS Taxable Bonds-Convertible 883559AE6 $643,744 695,000 X X THERMO FIBERTEK INC Taxable Bonds-Convertible 88355WAA3 $459,375 500,000 X X THERMO FIBERTEK INC Taxable Bonds-Convertible VV3081948 $480,000 500,000 X X BOLDER TECHNOLOGIES CORP. Preferred Stock-Convertible 097519912 $220 40,000 X X BUDGET GROUP CAPITAL TRUST Preferred Stock-Convertible 119001204 $154,800 17,200 X X CENDANT CORPORATION Preferred Stock-Convertible 151313301 $152,628 7,900 X X FLEETWOOD CAPITAL TRUST Preferred Stock-Convertible 339072407 $290,513 12,700 X X SUIZA FOODS CORP Preferred Stock-Convertible 86507G200 $752,100 18,400 X X