-----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, JlCx3i0F8zjoztpMlzHqdXPCkkPyO/JdAjCKNLd1Nyt1cV9w+W7B2HrAsDumedk0 aFQHir1F6TkyD5eb6hB4KA== 0000061227-99-000078.txt : 19990511 0000061227-99-000078.hdr.sgml : 19990511 ACCESSION NUMBER: 0000061227-99-000078 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990331 FILED AS OF DATE: 19990510 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MACKAY SHIELDS FINANCIAL CORP CENTRAL INDEX KEY: 0000061227 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 132631681 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: SEC FILE NUMBER: 028-00046 FILM NUMBER: 99614859 BUSINESS ADDRESS: STREET 1: 9 WEST 57TH STREET STREET 2: 37TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-230-3828 MAIL ADDRESS: STREET 1: 9 WEST 57TH STREET CITY: NEW YORK STATE: NY ZIP: 10019 13F-HR 1 FORM 13F HOLDINGS REPORT FORM 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Report for the Calendar Year or Quarter Ended: 3/31/99 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: MacKay-Shields Financial Corporation Address: 9 West 57th Street New York, New York 10019 Form 13F File Number: 28-46 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: Robert A. Nisi Title: General Counsel Phone: 212-230-3025 Signature, Place, and Date of Signing: /s/ Robert A. Nisi New York, New York May 10, 1999 Report Type (Check only one): [X] 13F HOLDINGS REPORT [ ] 13F NOTICE [ ] 13F COMBINATION REPORT Form 13F Summary Page Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 340 Form 13F Information Table Value Total: 18,260,716 List of Other Included Managers:
FORM 13F REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL - ------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) - ------------------------------------------------------------------------------------------------------------------------------- AT&T CORP Common 00195710 106,121,493 1,329,635 1,329,635 1,329,635 ABGENIX INC Common 00339B10 3,009,875 199,000 199,000 199,000 AXCIOM CORP Common 00512510 1,894,750 71,500 71,500 71,500 ADAPTEC INC Common 00651F10 124,086,313 5,439,400 5,439,400 5,439,400 ADVANCED MICRO DEVICES Common 00790310 542,500 35,000 35,000 35,000 AGRIBRANDS INTERNATIONAL Common 00849R10 943,513 28,700 28,700 28,700 ALBERTSON'S Common 01310410 1,088,750 20,000 20,000 20,000 ALLEGHENY ENERGY INC Common 01736110 236,000 8,000 8,000 8,000 ALLIANCE GAMING CORP Common 01859P60 733,149 162,922 162,922 162,922 ALLIEDSIGNAL INC Common 01951210 393,500 8,000 8,000 8,000 ALLMERICA FINANCIAL CORP Common 01975410 468,031 8,500 8,500 8,500 ALLSTATE CORP Common 02000210 139,435,240 3,762,165 3,762,165 3,762,165 ALLTEL CORP Common 02003910 121,986,788 1,955,700 1,955,700 1,955,700 ALTERA CORP Common 02144110 428,400 7,200 7,200 7,200 ALZA CORP Common 02261510 765,000 20,000 20,000 20,000 AMAZON.COM INC Common 02313510 1,360,281 7,900 7,900 7,900 AMERADA HESS CORP Common 02355110 2,940,575 57,800 57,800 57,800 AMERICAN INTL GROUP INC Common 02687410 457,563,556 3,793,273 3,793,273 3,793,273 AMER ITALIAN PASTA CO-A Common 02707010 1,450,000 58,000 58,000 58,000 AMERICAN RETIREMENT CORP Common 02891310 1,024,938 71,300 71,300 71,300 AMERICAN STANDARD CO Common 02971210 98,081,328 2,853,275 2,853,275 2,853,275 AMERISOURCE HEALTH CORP Common 03071P10 2,304,238 67,400 67,400 67,400 AMWAY JAPAN LTD Common 03234J10 993,773 227,148 227,148 227,148 ANDRX CORP Common 03455110 2,114,100 23,200 23,200 23,200 APACHE CORP Common 03741110 613,172 23,527 23,527 23,527 APOLLO GROUP INC -CLS A Common 03760410 507,875 17,000 17,000 17,000 - ------------------------------------------------------------------------------------------------------------------------------ ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) - ------------------------------------------------------------------------------------------------------------------------------ APPLIED MATLS INC Common 03822210 4,009,688 65,000 65,000 65,000 APPLIED PWR INC Common 03822510 2,645,975 97,100 97,100 97,100 ARCHSTONE COMMUNITIES TRUST Conv Pfd 03958120 1,237,550 46,700 46,700 46,700 ARMCO INC CONV $3.625 PFD B Conv Pfd 04217040 1,073,600 24,400 24,400 24,400 ARMSTRONG WORLD IND Common 04247610 451,875 10,000 10,000 10,000 ASSOCIATES FIRST CAPTL CORP Common 04600810 296,513,550 6,589,190 6,589,190 6,589,190 ATLANTIC RICHFIELD CO Common 04882510 277,875 3,800 3,800 3,800 ATMEL CORP Common 04951310 212,625 14,000 14,000 14,000 AVONDALE INDUSTRIES INC Common 05435010 2,144,650 72,700 72,700 72,700 BMC SOFTWARE INC Common 05592110 81,828,441 2,207,850 2,207,850 2,207,850 BANK NEW YORK INC Common 06405710 898,438 25,000 25,000 25,000 BANK ONE CORP Common 06423A10 124,733,632 2,265,310 2,265,310 2,265,310 BANKAMERICA CORP Common 06605F10 110,905,545 1,570,344 1,570,344 1,570,344 BED BATH & BEYOND INC Common 07589610 147,186,615 4,032,510 4,032,510 4,032,510 BELL ATLANTIC CORP Common 07785310 5,398,759 104,450 104,450 104,450 BEVERLY ENTERPRISES Common 08785130 3,076,538 600,300 600,300 600,300 BLUE RHINO CORP Common 09581110 892,500 68,000 68,000 68,000 BOSTON SCIENTIFIC CORP Common 10113710 243,750 6,000 6,000 6,000 BOWATER INC Common 10218310 45,965,000 1,160,000 1,160,000 1,160,000 BOYDS COLLECTION LTD Common 10335410 1,080,000 60,000 60,000 60,000 BRANDYWINE REALTY TRUST Common 10536820 729,625 44,900 44,900 44,900 BRIGHT HORIZONS FAM SOLUTIO Common 10919510 1,487,500 68,000 68,000 68,000 BROWNING FERRIS INDS INC Common 11588510 92,756,309 2,405,350 2,405,350 2,405,350 BUILDING ONE SERVICES CORP Common 12011410 886,875 51,600 51,600 51,600 BURLINGTON INDS INC Common 12169310 236,513 35,700 35,700 35,700 BURLINGTON RES INC Common 12201410 1,597,500 40,000 40,000 40,000 FORM 13F REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL - ------------------------------------------------------------------------------------------------------------------------------ ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) - ------------------------------------------------------------------------------------------------------------------------------ CIGNA CORP Common 12550910 122,810,456 1,465,300 1,465,300 1,465,300 C.I.T. GROUP INC -A Common 12557710 13,056,300 427,200 427,200 427,200 CVS CORPORATION Common 12665010 255,593,463 5,380,915 5,380,915 5,380,915 CALLAWAY GOLF CO Common 13119310 17,191,406 1,687,500 1,687,500 1,687,500 CALPINE CORPORATION Common 13134710 1,749,000 48,000 48,000 48,000 CARDINAL HEALTH INC Common 14149Y10 206,998,506 3,136,341 3,136,341 3,136,341 CASE CORP Common 14743R10 3,983,875 157,000 157,000 157,000 CENDANT CORPORATION Common 15131310 145,729,265 9,143,797 9,143,797 9,143,797 CENTEX CORP Common 15231210 1,001,250 30,000 30,000 30,000 CENTOCOR INC Common 15234210 1,543,988 41,800 41,800 41,800 CENTRAL PARKING Common 15478510 1,580,100 45,800 45,800 45,800 CHANCELLOR MEDIA CORP Common 15891510 147,681,503 3,133,825 3,133,825 3,133,825 CHESAPEAKE ENERGY CNVPFD 7% Conv Pfd 16516730 510,000 40,000 40,000 40,000 CHEVRON Common 16675110 602,630 6,790 6,790 6,790 CHIQUITA BRANDS INTL INC Conv Pfd 17003250 6,574,406 163,100 163,100 163,100 CHUBB CORP Common 17123210 98,051,194 1,674,300 1,674,300 1,674,300 CINERGY CORP Common 17247410 860,750 31,300 31,300 31,300 CIRCUIT CITY STORE INC Common 17273710 118,354,975 1,544,600 1,544,600 1,544,600 CIRRUS LOGIC INC Common 17275510 707,625 111,000 111,000 111,000 CISCO SYS INC Common 17275R10 476,289,990 4,347,199 4,347,199 4,347,199 CITADEL COMMUNICATIONS CORP Common 17285320 2,613,450 78,600 78,600 78,600 CITIGROUP INC Common 17296710 384,491,730 6,019,440 6,019,440 6,019,440 CLEAR CHANNEL COMMUNICA Common 18450210 209,880,477 3,129,625 3,129,625 3,129,625 COASTAL CORP Common 19044110 107,759,850 3,265,450 3,265,450 3,265,450 COLGATE PALMOLIVE CO Common 19416210 222,817,100 2,421,925 2,421,925 2,421,925 COLTEC INDUSTRIES Common 19687910 2,760,863 151,800 151,800 151,800 FORM 13F REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL - ------------------------------------------------------------------------------------------------------------------------------ ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) C) - ------------------------------------------------------------------------------------------------------------------------------ COLUMBIA ENERGY GROUP Common 19764810 3,662,725 70,100 70,100 70,100 COMPLETE BUSINESS SOLUTIONS Common 20452F10 333,625 17,000 17,000 17,000 COMPUWARE CORP Common 20563810 228,419,526 9,567,310 9,567,310 9,567,310 CONMED CORP Common 20741010 1,838,300 59,300 59,300 59,300 CONOCO INC-CL A Common 20825130 15,250,856 620,900 620,900 620,900 CONSECO INC Common 20846410 77,816,887 2,520,385 2,520,385 2,520,385 CONSOLIDATED GRAPHICS INC Common 20934110 2,084,775 36,100 36,100 36,100 CONSOLIDATED NATURAL GAS Common 20961510 55,912,725 1,148,400 1,148,400 1,148,400 CORNING Common 21935010 600,000 10,000 10,000 10,000 CORP EXECUTIVE BOARD CO Common 21988R10 685,750 26,000 26,000 26,000 COUNTRYWIDE CR INDS INC Common 22237210 21,611,250 576,300 576,300 576,300 COVAD COMMUNICATIONS GROUP Common 22281420 920,500 14,000 14,000 14,000 CULLEN/FROST BANKERS INC Common 22989910 1,677,813 35,000 35,000 35,000 CUMULUS MEDIA INC - CL A Common 23108210 3,172,500 270,000 270,000 270,000 CYPRESS SEMICONDUCTOR CORP Common 23280610 450,000 50,000 50,000 50,000 CYPRUS AMAX MINERALS CO Common 23280910 6,866,388 566,300 566,300 566,300 DTE ENERGY COMPANY Common 23333110 73,377,188 1,909,000 1,909,000 1,909,000 DAISYTEK INTL CORP Common 23405310 1,195,338 71,900 71,900 71,900 DANA CORP Common 23581110 76,273,296 2,007,192 2,007,192 2,007,192 DANAHER CORP Common 23585110 4,524,850 86,600 86,600 86,600 DAVE & BUSTER'S INC Common 23833N10 758,500 37,000 37,000 37,000 DEVELOPRS DIVERS REALTY COR Common 25159110 1,057,694 73,900 73,900 73,900 DEVON ENERGY CORPORATION Common 25179910 551,250 20,000 20,000 20,000 DIAMOND OFFSHORE DRILLING Common 25271C10 790,625 25,000 25,000 25,000 DILLARDS, INC. CLS A Common 25406710 710,500 28,000 28,000 28,000 DOLLAR GEN CORP Common 25666910 151,356,134 4,451,651 4,451,651 4,451,651 FORM 13F REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL - --------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) - --------------------------------------------------------------------------------------------------------------------------- DOLLAR TREE STORES INC Common 25674710 1,577,813 51,000 51,000 51,000 DUANE READE INC Common 26357810 1,784,000 64,000 64,000 64,000 DUKE ENERGY CORP Common 26439910 602,938 11,000 11,000 11,000 E M C CORP MASS Common 26864810 470,266,913 3,681,150 3,681,150 3,681,150 EDISON INTL (SCE CORP Common 28102010 556,250 25,000 25,000 25,000 EL PASO ELECTRIC COMPANY Common 28367785 446,063 58,500 58,500 58,500 EL PASO ENER CAP TRUST Conv Pfd 28367820 16,001,563 332,500 332,500 332,500 EL PASO ENERGY CORP Common 28390510 51,567,800 1,577,600 1,577,600 1,577,600 ELAN PLC Common 28413120 162,321,851 2,327,195 2,327,195 2,327,195 ELDERTRUST Common 28456010 642,600 71,400 71,400 71,400 EMBRATEL PARTICIPACOES-ADR Common 29081N10 794,742 47,625 47,625 47,625 ENERGY EAST CORPORATION Common 29266M10 64,005,356 1,217,700 1,217,700 1,217,700 ENRON OIL & GAS CO Common 29356210 8,086,400 486,400 486,400 486,400 ENTRUST TECHNOLOGIES INC Common 29384810 5,568,750 165,000 165,000 165,000 EQUIFAX INC Common 29442910 100,060,984 2,910,865 2,910,865 2,910,865 EQUITABLE COMPS INC Common 29444G10 91,339,500 1,304,850 1,304,850 1,304,850 EQUITY OFFICE PROPERTIES TR Common 29474110 6,273,969 247,250 247,250 247,250 EQUITY OFFICE PROP TRUST Conv Pfd 29474150 3,722,813 95,000 95,000 95,000 EVEREST REINSURANCE HLDGS Common 29980810 3,605,275 115,600 115,600 115,600 EXPEDITORS INTL WASH INC Common 30213010 2,451,600 45,400 45,400 45,400 FPL GROUP Common 30257110 234,300 4,400 4,400 4,400 FEDERAL HOME LOAN MTG CORP Common 31340030 112,342,530 1,960,175 1,960,175 1,960,175 FANNIE MAE Common 31358610 135,299,888 1,953,789 1,953,789 1,953,789 FEDERATED DEPT STORES Common 31410H10 89,281,134 2,225,075 2,225,075 2,225,075 FERRO CORP Common 31540510 242,550 9,800 9,800 9,800 FIRST MIDWEST BANCORP INC Common 32086710 953,800 25,100 25,100 25,100 FORM 13F REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL - ----------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETIN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) - ----------------------------------------------------------------------------------------------------------------------------- FISERV INC Common 33773810 2,434,575 45,400 45,400 45,400 FLOWERS INDUSTRIES INC Common 34349610 812,625 33,000 33,000 33,000 FOX ENTERTAINMENT GRP INC-A Common 35138T10 32,528,300 1,199,200 1,199,200 1,199,200 FREEPORT-MC COPP SERIES A Conv Pfd 35671D50 847,725 53,400 53,400 53,400 GENERAL ELEC CO Common 36960410 752,250 6,800 6,800 6,800 GENERAL INSTRUMENT CORP Common 37012010 606,250 20,000 20,000 20,000 GEON CO Common 37246W10 17,301,375 760,500 760,500 760,500 GEORGIA GULF CORP-PAR $.01 Common 37320020 21,066,622 1,883,050 1,883,050 1,883,050 GEORGIA-PAC(GEORGIA PAC GRP) Common 37329810 102,732,300 1,383,600 1,383,600 1,383,600 GLENBOROUGH REALTY PFD A Conv Pfd 37803P20 1,256,250 75,000 75,000 75,000 GRAND UNION CO Common 38653240 229,500 20,400 20,400 20,400 GREAT PLAINS SOFTWARE INC Common 39119E10 1,377,275 35,600 35,600 35,600 GUIDANT CORP Common 40169810 367,658,803 6,077,005 6,077,005 6,077,005 HCR MANOR CARE Common 40413410 254,359 11,150 11,150 11,150 HANGER ORTHOPEDIC GROUP INC Common 41043F20 360,450 26,700 26,700 26,700 HARLEY DAVIDSON INC Common 41282210 284,528,076 4,959,095 4,959,095 4,959,095 HARRAH'S ENTERTAINMENT INC Common 41361910 110,539,625 5,798,800 5,798,800 5,798,800 HEALTHSOUTH CORP. Common 42192410 798,875 77,000 77,000 77,000 HEICO CORP-CL A Common 42280620 448,875 21,000 21,000 21,000 HIGHWOODS PROPERTIES INC Common 43128410 16,051,953 681,250 681,250 681,250 HOME DEPOT INC Common 43707610 318,122,089 5,110,395 5,110,395 5,110,395 HONEYWELL INC Common 43850610 56,677,425 747,600 747,600 747,600 HOSPITALITY PROPERTIES TRUST Common 44106M10 2,231,168 82,445 82,445 82,445 ICG COMMUNICATIONS INC Common 44924610 1,108,000 55,400 55,400 55,400 IMC GLOBAL INC Common 44966910 83,658,863 4,093,400 4,093,400 4,093,400 IMS HEALTH INC Common 44993410 187,806,328 5,669,625 5,669,625 5,669,625 FORM 13F REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL - ------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) - ------------------------------------------------------------------------------------------------------------------------------- ITT EDUCATIONAL SERVICES INC Common 45068B10 1,803,000 48,000 48,000 48,000 IDEXX LABORATORIES INC Common 45168D10 1,910,213 79,800 79,800 79,800 ILLINOIS TOOL WORKS Common 45230810 81,802,153 1,322,055 1,322,055 1,322,055 ILLINOVA CORP Common 45231710 68,526,731 3,234,300 3,234,300 3,234,300 IMPERIAL CREDIT COMMERCIAL Common 45272T10 654,500 68,000 68,000 68,000 INFINITY BROADCASTING Common 45662S10 40,409,475 1,569,300 1,569,300 1,569,300 INFOUSA INC-CL B Common 45681810 450,000 100,000 100,000 100,000 INTERGRATED HEALTH SYSTEMS Common 45812C10 56,909 10,347 10,347 10,347 INTEL CORP Common 45814010 234,245,565 1,970,520 1,970,520 1,970,520 IBM Common 45920010 28,360,000 160,000 160,000 160,000 INTERNATIONAL PAPER CO Common 46014610 77,249,531 1,831,100 1,831,100 1,831,100 IRON MOUNTAIN INC Common 46284P10 2,490,406 79,693 79,693 79,693 ISLE OF CAPRIS CASINOS INC Common 46459210 1,067,538 233,981 233,981 233,981 I2 TECHNOLOGIES INC Common 46575410 1,662,109 62,500 62,500 62,500 JOHNSON & JOHNSON Common 47816010 311,920,395 3,336,047 3,336,047 3,336,047 KLA-TENCOR CORP Common 48248010 1,893,938 39,000 39,000 39,000 K MART CORP Common 48258410 76,763,353 4,565,850 4,565,850 4,565,850 KERR MCGEE CORP Common 49238610 60,065,709 1,830,574 1,830,574 1,830,574 KEYSPAN ENERGY CORP Common 49337K10 48,264,723 1,920,984 1,920,984 1,920,984 KMART FINANCING 7.75% Conv Pfd 49877820 3,690,500 61,000 61,000 61,000 KOHLS CORP Common 50025510 340,319,424 4,801,685 4,801,685 4,801,685 KROGER CO Common 50104410 238,486,616 3,983,075 3,983,075 3,983,075 LNR PROPERTY CORP Common 50194010 493,355 24,980 24,980 24,980 L-3 COMMUNICATIONS HLDGS INC Common 50242410 2,002,625 43,300 43,300 43,300 LAKES GAMING INC Common 51206P10 983,319 120,100 120,100 120,100 LASON INC Common 51808R10 1,659,375 29,500 29,500 29,500 FORM 13F REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL - -------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) - -------------------------------------------------------------------------------------------------------------------------------- LILLY (ELI) & CO. Common 53245710 375,773,283 4,427,373 4,427,373 4,427,373 LINENS 'N THINGS INC Common 53567910 2,640,825 58,200 58,200 58,200 LIZ CLAIBORNE Common 53932010 57,072,544 1,749,350 1,749,350 1,749,350 LOEWS CINEPLEX ENTERTAINMENT Common 54042310 6,956,250 700,000 700,000 700,000 LUCASVARITY PLC-ADR Common 54939510 48,565,275 1,050,060 1,050,060 1,050,060 LUCENT TECHNOLOGIES INC Common 54946310 428,926,968 3,971,546 3,971,546 3,971,546 LYONDELL PETROCHEMICAL Common 55207810 150,563 11,000 11,000 11,000 MCI WORLDCOM INC Common 55268B10 470,585,611 5,313,599 5,313,599 5,313,599 MGIC INVT CORP WIS Common 55284810 80,778,741 2,303,850 2,303,850 2,303,850 MALLINCKRODT GROUP INC Common 56123210 332,813 12,500 12,500 12,500 MARK IV INDUSTRIES INC Common 57038710 37,114,090 2,854,930 2,854,930 2,854,930 MARKETWATCH.COM INC Common 57061910 524,513 7,100 7,100 7,100 MARVEL ENTERPRISES INC Common 57383M10 410,813 62,600 62,600 62,600 MASCO CORP Common 57459910 5,243,200 185,600 185,600 185,600 MASCOTECH INC Common 57467010 465,000 30,000 30,000 30,000 MATTEL INC Common 57708110 37,588,294 1,507,300 1,507,300 1,507,300 MAXIMUS INC Common 57793310 1,278,588 43,900 43,900 43,900 MEDE AMERICA CORP Common 58406710 496,875 25,000 25,000 25,000 MEDQUIST INC Common 58494910 525,000 17,500 17,500 17,500 MEDITRUST CORP-PAIRED STOCK Common 58501T30 576,826 46,378 46,378 46,378 MEDTRONIC INC Common 58505510 333,092,109 4,634,325 4,634,325 4,634,325 THE MEN'S WEARHOUSE INC Common 58711810 1,640,071 56,799 56,799 56,799 MERCK & CO INC Common 58933110 206,071,084 2,571,870 2,571,870 2,571,870 METROMEDIA INTL GROUP CNV PFD Conv Pfd 59169520 1,177,000 44,000 44,000 44,000 METTLER-TOLEDO INTERNATIONAL Common 59268810 1,749,825 70,700 70,700 70,700 METZLER GROUP INC Common 59290310 1,427,563 45,500 45,500 45,500 FORM 13F REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL - -------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) - -------------------------------------------------------------------------------------------------------------------------------- FRED MEYER INC Common 59290710 192,820,041 3,275,075 3,275,075 3,275,075 MICROSOFT CORP Common 59491810 432,296,329 4,823,390 4,823,390 4,823,390 MICROSOFT CONV PFD 2.196 Conv Pfd 59491820 7,318,550 74,300 74,300 74,300 MICRON TECHNOLOGY INC Common 59511210 289,125 6,000 6,000 6,000 MOBIL Common 60705910 7,251,200 82,400 82,400 82,400 MONSANTO Common 61166210 106,601,368 2,320,574 2,320,574 2,320,574 MUTUAL RISK MANAGEMENT LTD Common 62835110 1,817,200 47,200 47,200 47,200 NATIONAL STEEL CORP-CL B Common 63784430 495,000 60,000 60,000 60,000 NEON SYSTEMS Common 64050910 495,000 9,000 9,000 9,000 NETWORK ASSOCIATES INC Common 64093810 214,813 7,000 7,000 7,000 NIPPON TELEGRAPH&TELE SP ADR Common 65462410 70,707,000 1,450,400 1,450,400 1,450,400 NOBLE AFFILIATES INC Common 65489410 97,087,650 3,347,850 3,347,850 3,347,850 NORDSTROM INC Common 65566410 149,911,106 3,667,550 3,667,550 3,667,550 NORTHWEST AIRLS CORP CL A Common 66728010 38,899,953 1,398,650 1,398,650 1,398,650 OGE ENERGY CORP Common 67083710 7,066,575 313,200 313,200 313,200 OCULAR SCIENCES INC Common 67574410 585,225 20,400 20,400 20,400 OCWEN ASSET INVESTMENT CORP Common 67574M10 265,869 72,100 72,100 72,100 OMNICOM GROUP INC Common 68191910 122,648,106 1,534,300 1,534,300 1,534,300 ORACLE CORPORATION Common 68389X10 203,932,555 7,732,040 7,732,040 7,732,040 OWENS ILLINOIS INC Common 69076840 70,378,750 2,815,150 2,815,150 2,815,150 OWENS-ILLINOIS INC Conv Pfd 9076850 7,378,594 202,500 202,500 202,500 PATTERSON DENTAL COMPANY Common 70341210 2,067,350 47,800 47,800 47,800 PAYLESS SHOESOURCE INC Common 70437910 29,070,638 625,175 625,175 625,175 TELEKOMUNIK INDONESIA - SP AD Common 71568410 126,225 19,800 19,800 19,800 PFIZER INC Common 71708110 219,440,895 1,581,556 1,581,556 1,581,556 PHILIP MORRIS COS INC Common 71815410 102,526,171 2,913,710 2,913,710 2,913,710 FORM 13F REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL - ------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) C) - ------------------------------------------------------------------------------------------------------------------------------- PHYCOR INC Common 71940F10 159,600 33,600 33,600 33,600 PILLOWTEX CORP Common 72150110 293,568 20,692 20,692 20,692 PINNACLE HOLDINGS INC Common 72346N10 1,134,375 75,000 75,000 75,000 PITTSTON BRINK'S GROUP Common 72570110 474,700 20,200 20,200 20,200 PLACER DOME Common 72590610 15,003,556 1,341,100 1,341,100 1,341,100 PLANTRONICS INC Common 72749310 1,951,950 31,200 31,200 31,200 PLAYERS INTL INC Common 72790310 1,325,625 212,100 212,100 212,100 PRE PAID LEGAL SVCS Common 74006510 1,795,850 73,300 73,300 73,300 PREMIER PARKS INC Common 74054020 1,609,200 43,200 43,200 43,200 PREMISYS COMMUNICATIONS INC Common 74058410 431,250 50,000 50,000 50,000 PROFIT RECOVERY GROUP INTL Common 74316810 754,450 19,100 19,100 19,100 PROVANT INC Common 74372410 491,563 27,500 27,500 27,500 PROVIDIAN CORP Common 74406A10 285,400,500 2,594,550 2,594,550 2,594,550 QRS CORP Common 74726X10 2,164,663 34,600 34,600 34,600 QLOGIC CORP Common 74727710 637,688 9,500 9,500 9,500 QUANTA SERVICES INC Common 74762E10 508,750 20,000 20,000 20,000 QUEST DIAGNOSTICS INC Common 74834L10 16,606,288 746,350 746,350 746,350 QWEST COMMUNICATIONS INTL Common 74912110 7,917,696 109,825 109,825 109,825 R & B FALCON CORP Common 74912E10 1,098,006 127,305 127,305 127,305 RJR NABISCO HLDGS CORP Common 74960K87 58,452,000 2,338,080 2,338,080 2,338,080 RPM INC OHIO Common 74968510 8,620,378 647,540 647,540 647,540 RAYTHEON CO - CLASS A Common 75511130 43,251,863 748,950 748,950 748,950 RAYTHEON CO - CLASS B Common 75511140 252,088 4,300 4,300 4,300 REHABCARE GROUP INC Common 75914810 608,525 40,400 40,400 40,400 REYNOLDS METALS CO Common 76176310 101,953,869 2,110,300 2,110,300 2,110,300 ROWECOM INC Common 77957X10 872,500 20,000 20,000 20,000 FORM 13F REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL - -------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) - -------------------------------------------------------------------------------------------------------------------------------- SBC COMMUNICATIONS (SOUTHWESTE Common 78387G10 2,493,340 52,839 52,839 52,839 SLM HOLDING CORP Common 78442A10 53,498,868 1,281,410 1,281,410 1,281,410 SAFEWAY INC Common 78651420 325,569,089 6,344,830 6,344,830 6,344,830 SANCHEZ COMPUTER ASSOC Common 79970210 430,125 18,500 18,500 18,500 SANDISK CORP Common 80004C10 477,000 18,000 18,000 18,000 SANTA FE ENERGY RES INC Common 80201210 48,868,225 6,626,200 6,626,200 6,626,200 SAPIENT CORPORATION Common 80306210 3,069,125 43,000 43,000 43,000 SCHERING-PLOUGH Common 80660510 370,099,639 6,698,636 6,698,636 6,698,636 SEALED AIR CORP Conv Pfd 81211K20 6,187,500 125,000 125,000 125,000 SHAW INDUSTRIES INC Common 82028610 33,464,650 1,808,900 1,808,900 1,808,900 SHERWIN-WILLIAMS Common 82434810 59,639,063 2,120,500 2,120,500 2,120,500 SIMON PROPERTY GROUP, INC Common 82880610 4,230,863 154,200 154,200 154,200 SMURFIT-STONE CONTAINER CORP Common 83272710 77,592,797 4,017,750 4,017,750 4,017,750 SNYDER OIL CORP Common 83348210 722,272 48,761 48,761 48,761 SOLUTIA INC Common 83437610 173,750 10,000 10,000 10,000 SPEEDFAM INTL INC Common 84770610 223,200 18,600 18,600 18,600 SPIEKER PROPERTIES INC Common 84849710 2,527,425 71,700 71,700 71,700 STAPLES INC Common 85503010 340,941,792 10,370,853 10,370,853 10,370,853 STERLING COMMERCE INC Common 85920510 3,101,753 100,870 100,870 100,870 SUN MICROSYSTEMS INC Common 86681010 472,716,865 3,779,845 3,779,845 3,779,845 SUN HEALTHCARE GROUP INC Common 86693310 18,200 18,200 18,200 18,200 SUNGARD DATA SYSTEMS INC Common 86736310 3,972,000 99,300 99,300 99,300 SUNOCO INC Common 86764P10 1,846,400 51,200 51,200 51,200 SUNRISE ASSISTED LIVING INC Common 86768K10 546,750 12,000 12,000 12,000 SUPERVALU Common 86853610 907,500 44,000 44,000 44,000 SYLVAN LEARNING SYSTEMS INC Common 87139910 2,036,700 74,400 74,400 74,400 FORM 13F REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL - -------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) C) - -------------------------------------------------------------------------------------------------------------------------------- SYSTEM SOFTWARE ASSOC INC Common 87183910 112,500 50,000 50,000 50,000 TALBOTS INC Common 87416110 1,998,750 82,000 82,000 82,000 TELECENTRO SUL PARTICIPA-ADR Common 87923910 441,091 9,550 9,550 9,550 TELENORTE LESTE PARTICIP-ADR Common 87924610 732,619 47,650 47,650 47,650 TELESP PARTICIPACOES SA-ADR Common 87952K10 984,844 47,750 47,750 47,750 TELESP CELULAR PARTICIPA-ADR Common 87952L10 399,906 19,100 19,100 19,100 TEMPLE INLAND INC Common 87986810 26,160,475 416,900 416,900 416,900 TENET HEALTHCARE CORP Common 88033G10 9,468,750 500,000 500,000 500,000 TESORO PETROLEUM CORP Common 88160910 2,096,600 190,600 190,600 190,600 TEVA PHARMACEUTICAL INDS Common 88162420 4,150,781 87,500 87,500 87,500 TETRA TECH INC Common 88162G10 3,238,591 153,761 153,761 153,761 TEXACO INC Common 88169410 116,856,763 2,059,150 2,059,150 2,059,150 TEXAS UTILITIES Common 88284810 116,760,000 2,780,000 2,780,000 2,780,000 TICKETMASTER ONLINE-CITY -B Common 88633P20 235,375 7,000 7,000 7,000 TIME WARNER INC Common 88731510 183,715,950 2,594,400 2,594,400 2,594,400 TOSCO CORP Common 89149030 102,355,284 4,125,150 4,125,150 4,125,150 TRANS WORLD ENTERTAINMENT CP Common 89336Q10 537,570 48,870 48,870 48,870 TRANSAMERICA CORP Common 89348510 21,518,680 303,080 303,080 303,080 TUPPERWARE CORP Common 89989610 360,000 20,000 20,000 20,000 TUT SYSTEMS INC Common 90110310 746,250 15,000 15,000 15,000 TYCO INTL LTD Common 90212410 444,370,925 6,193,323 6,193,323 6,193,323 UCAR INTERNATIONAL INC Common 90262K10 24,059,113 1,703,300 1,703,300 1,703,300 USX-MARATHON GROUP Common 90290582 319,000 11,600 11,600 11,600 USX-US STEEL GROUP Common 90337T10 28,251,700 1,202,200 1,202,200 1,202,200 UNION PACIFIC RESOURCES Common 90783410 122,877,156 10,347,550 10,347,550 10,347,550 UNISYS CORP Common 90921410 2,609,187 94,237 94,237 94,237 FORM 13F REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL - -------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) C) - -------------------------------------------------------------------------------------------------------------------------------- UNISYS CORP Conv Pfd 90921420 18,851,894 363,410 363,410 363,410 UNITED HEALTHCARE CORP Common 91058110 123,774,000 2,352,000 2,352,000 2,352,000 UNITED INTL HLDGS INC Common 91073410 22,257,950 511,677 511,677 511,677 US INDUSTRIES INC Common 91208010 263,000 16,000 16,000 16,000 U S WEST INC Common 91273H10 74,856,092 1,359,475 1,359,475 1,359,475 UNIVERSAL CORP VA Common 91345610 774,544 30,300 30,300 30,300 UNIVERSAL FOODS CORP Common 91353810 532,125 25,800 25,800 25,800 UNIVISION COMMUNICATIONS INC Common 91490610 19,325,000 386,500 386,500 386,500 UNOCAL CORP Common 91528910 110,120,144 2,986,309 2,986,309 2,986,309 VALERO ENERGY CORP Common 91913Y10 88,286,972 3,549,225 3,549,225 3,549,225 VERTICALNET INC Common 92532L10 1,038,750 10,000 10,000 10,000 VETERINARY CTRS OF AMERICA Common 92551410 610,200 43,200 43,200 43,200 WHX CORP PFD B Conv Pfd 92924830 6,771,600 188,100 188,100 188,100 WASHINGTON FEDERAL INC Common 93882410 42,318,612 2,015,172 2,015,172 2,015,172 WASHINGTON MUTUAL SAVINGS BANK Common 93932210 127,359,347 3,115,825 3,115,825 3,115,825 WATERS CORPORATION Common 94184810 5,295,150 50,400 50,400 50,400 WELLS FARGO COMPANY Common 94974610 149,967,397 4,277,145 4,277,145 4,277,145 WILLIAMS COS Common 96945710 26,320,154 666,333 666,333 666,333 WORLD COLOR PRESS INC Common 98144310 1,428,000 67,200 67,200 67,200 WORTHINGTON INDUSTRIES Common 98181110 776,675 66,100 66,100 66,100 XILINX INC Common 98391910 7,472,262 184,216 184,216 184,216 XOMED SURGICAL PRODUCTS INC Common 98412V10 2,023,338 51,550 51,550 51,550 YPF SOCIEDAD ANONIMA Common 98424510 2,935,313 93,000 93,000 93,000 YOUNG & RUBICAM INC Common 98742510 5,248,600 128,800 128,800 128,800 GLOBAL CROSSING LTD Common G3921A10 6,891,250 149,000 149,000 149,000 LORAL SPACE & COMM CNV PFD C Conv Pfd G5646214 1,349,625 30,500 30,500 30,500 FORM 13F REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL - --------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) - --------------------------------------------------------------------------------------------------------------------------------- GILAT SATELLITE NETWORKS LTD Common M5147410 3,066,000 51,100 51,100 51,100 J RAY MCDERMOTT S A Common P6465810 1,359,313 45,500 45,500 45,500 ------------ ------------- -------------- ------- REPORT TOTALS 18,260,715,541 387,049,368 387,049,368 387,049,368 =============== ============= =============== ============
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