13F-HR 1 f132q01a.txt
08-01-2001 FORM 13F PAGE 1 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 6/30/2001 ------------------------------------------------------------------------------------------------------------------------------ ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7* ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL DISCRETION SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ------------------------------------------------------------------------------------------------------------------------------ AGCO CP Common Stock 00108410 780,495 85,300 85,300 85,300 AES CORP Common Stock 00130H10 314,448,393 7,304,260 7,304,260 7,304,260 AOL TIME WARNER Common Stock 00184A10 354,241,400 6,683,800 6,683,800 6,683,800 AT&T CORP Common Stock 00195710 44,336,600 2,015,300 2,015,300 2,015,300 ABERCROMBIE & FITCH CO CLS A Common Stock 00289620 16,695,000 375,000 375,000 375,000 ABGENIX INC Common Stock 00339B10 3,505,500 77,900 77,900 77,900 ABITIBI PRICE INC Common Stock 00392410 9,430,423 1,232,735 1,232,735 1,232,735 ADAPTEC INC CNV Conv Bond P2 00651FAC 3,544,380 4,074,000 4,074,000 4,074,000 AEROFLEX INC Common Stock 00776810 3,781,050 360,100 360,100 360,100 ADVANCED MICRO DEVICES Common Stock 00790310 113,327,882 3,921,380 3,921,380 3,921,380 ADVANCEPCS Common Stock 00790K10 9,274,440 144,800 144,800 144,800 ADVANCED ENERGY IND CONV BOND Conv Bond P2 007973AA 2,300,400 2,160,000 2,160,000 2,160,000 ADVENT SOFTWARE Common Stock 00797410 13,677,900 215,400 215,400 215,400 AES TRUST III CNVPFD Conv Prfd Stock 00808N20 8,038,500 116,500 116,500 116,500 AFFILIATED MANAGERS GROUP Common Stock 00825210 14,938,350 242,900 242,900 242,900 AFFYMETRIX INC Conv Bond P2 00826TAB 8,801,500 12,140,000 12,140,000 12,140,000 AGILE SOFTWARE CORP Common Stock 00846X10 5,207,100 306,300 306,300 306,300 AGNICO EAGLE MINES CNV Conv Bond P2 008474AA 12,869,163 15,218,000 15,218,000 15,218,000 AIR PRODUCTS & CHEMICALS Common Stock 00915810 16,145,175 352,900 352,900 352,900 ALBERTSON'S Common Stock 01310410 647,784 21,600 21,600 21,600 ALCOA INC Common Stock 01381710 54,671,834 1,387,610 1,387,610 1,387,610 ALLEGHENY ENERGY INC Common Stock 01736110 724,956 15,025 15,025 15,025 ALLERGAN INC Common Stock 01849010 176,984,406 2,106,205 2,106,205 2,106,205 ALLSTATE CORP Common Stock 02000210 58,216,938 1,323,413 1,323,413 1,323,413 ALLTEL CORP Common Stock 02003910 58,325,646 952,100 952,100 952,100 ALZA CORP Conv Bond P2 022615AC 10,140,000 8,000,000 8,000,000 8,000,000 -------------- --------------------------- -------------- COLUMN TOTALS 1,315,055,215 70,832,528 70,832,528 70,832,528 * ITEM 7: MANAGERS - 1 PAGE 3 OF 08-01-2001 FORM 13F PAGE 2 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 6/30/2001 ------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7* ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL DISCRETION SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) -------------------------------------------------------------------------------------------------------------------------------- AMERICA MOVIL - SERIES L Common Stock 02364W10 471,436 22,600 22,600 22,600 AMERICAN GENERAL CORP Common Stock 02635110 31,669,610 681,800 681,800 681,800 AMERICAN INTL GROUP INC Common Stock 02687410 307,222,655 3,613,959 3,613,959 3,613,959 AMERICAN STANDARD COMPANIES Common Stock 02971210 108,875,658 1,811,575 1,811,575 1,811,575 AMERICAN TOWER CORP CONV BOND Conv Bond P2 029912AF 6,522,275 8,230,000 8,230,000 8,230,000 AMERICREDIT CORP Common Stock 03060R10 18,811,095 362,100 362,100 362,100 AMERISOURCE HEALTH CORP Common Stock 03071P10 12,248,955 221,300 221,300 221,300 AMERISOURCE HEALTH CORP CVB RE Conv Bond P2 03071PAD 10,865,138 8,505,000 8,505,000 8,505,000 AMGEN Common Stock 03116210 276,438,056 4,555,670 4,555,670 4,555,670 AMPHENOL CORP -CL A Common Stock 03209510 8,899,110 222,200 222,200 222,200 ANALOG DEVICES Common Stock 03265410 133,945,250 3,097,000 3,097,000 3,097,000 ANDRX CORP Common Stock 03455310 24,409,000 317,000 317,000 317,000 AON CORP Common Stock 03738910 806,750 23,050 23,050 23,050 APRIA HEALTHCARE GROUP I Common Stock 03793310 34,741,182 1,204,200 1,204,200 1,204,200 APPLIED MATLS INC Common Stock 03822210 569,560 11,600 11,600 11,600 ARCH CHEMICALS INC Common Stock 03937R10 962,703 44,100 44,100 44,100 AT HOME CORP REG CNV Conv Bond P2 045919AF 42,650,390 124,694,000 124,694,000 124,694,000 ASTORIA FINANCIAL CORP Common Stock 04626510 3,410,000 62,000 62,000 62,000 @TRACK COMMUNICATIONS INC(LOCK Common Stock 04648Y20 18,560,908 11,249,035 11,249,035 11,249,035 ATMEL CORP Common Stock 04951310 2,711,490 201,000 201,000 201,000 AVOCENT CORPORATION Common Stock 05389310 6,747,650 296,600 296,600 296,600 AVON PRODUCTS Common Stock 05430310 2,508,376 54,200 54,200 54,200 BB&T CORPORATION Common Stock 05493710 1,460,550 39,797 39,797 39,797 THE BISYS GROUP INC Common Stock 05547210 13,351,700 226,300 226,300 226,300 BJ'S WHOLESALE CLUB INC Common Stock 05548J10 303,582 5,700 5,700 5,700 BANK OF AMERICA CORP Common Stock 06050510 35,027,505 583,500 583,500 583,500 ----------- -------------- ------------ -------------- COLUMN TOTALS 1,104,190,582 170,335,286 170,335,286 170,335,286 * ITEM 7: MANAGERS - 1 PAGE 4 OF 08-01-2001 FORM 13F PAGE 3 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 6/30/2001 ------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7* ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL DISCRETION SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) -------------------------------------------------------------------------------------------------------------------------------- BANKUNITED FINANCIAL CORP A Common Stock 06652B10 3,252,575 231,500 231,500 231,500 BARR LABORATORIES INC Common Stock 06830610 10,919,760 157,800 157,800 157,800 BAUSCH & LOMB INC Common Stock 07170710 2,765,112 76,300 76,300 76,300 BAXTER INTERNATIONAL Common Stock 07181310 304,121,100 6,022,200 6,022,200 6,022,200 BE AEROSPACE INC Common Stock 07330210 4,526,280 237,600 237,600 237,600 BEAS SYSTEMS CONV REG Conv Bond P2 073325AD 4,658,040 4,000,000 4,000,000 4,000,000 BECTON DICKINSON Common Stock 07588710 12,163,232 339,850 339,850 339,850 BED BATH & BEYOND INC Common Stock 07589610 239,174,208 7,665,840 7,665,840 7,665,840 BELLSOUTH Common Stock 07986010 9,139,277 226,950 226,950 226,950 BEST BUY COMPANY INC Common Stock 08651610 55,663,846 876,320 876,320 876,320 BEVERLY ENTERPRISES Common Stock 08785130 5,457,000 510,000 510,000 510,000 BIOMET INC Common Stock 09061310 2,436,642 50,700 50,700 50,700 BLACKROCK INC Common Stock 09247X10 5,153,787 150,300 150,300 150,300 BOOKHAM TECHNOLOGY - SPON ADR Common Stock 09856Q10 765,600 264,000 264,000 264,000 BOSTON SCIENTIFIC CORP Common Stock 10113710 6,745,600 396,800 396,800 396,800 BRISTOL-MYERS SQUIBB Common Stock 11012210 155,558,244 2,974,345 2,974,345 2,974,345 BROOKS AUTOMAT 4.750 CNV BND 1 Conv Bond P2 11434AAA 8,058,375 8,700,000 8,700,000 8,700,000 BURLINGTON NORTHERN SANTA FE Common Stock 12189T10 981,720 32,400 32,400 32,400 BURLINGTON RES INC Common Stock 12201410 25,602,975 644,100 644,100 644,100 CEC ENTERTAINMENT INC Common Stock 12513710 6,306,930 127,800 127,800 127,800 C.H. ROBINSON WORLDWIDE INC Common Stock 12541W10 10,124,070 363,000 363,000 363,000 CSX CORP Common Stock 12640810 597,960 16,500 16,500 16,500 CVS CORPORATION Common Stock 12665010 92,804,089 2,404,251 2,404,251 2,404,251 CV THERAPEUTICS INC Common Stock 12666710 3,648,000 64,000 64,000 64,000 CV THERAPEUTICS INC CONV BOND Conv Bond P2 126667AB 8,508,675 7,980,000 7,980,000 7,980,000 CABOT MICROELECTRONICS CORP Common Stock 12709P10 5,666,800 91,400 91,400 91,400 -------------- ------------- -------------- -------------- COLUMN TOTALS 984,799,896 44,603,956 44,603,956 44,603,956 * ITEM 7: MANAGERS - 1 PAGE 5 OF 08-01-2001 FORM 13F PAGE 4 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 6/30/2001 ------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7* ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL DISCRETION SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) -------------------------------------------------------------------------------------------------------------------------------- CACI INTERTNATIONAL INC CLA Common Stock 12719030 3,680,100 78,300 78,300 78,300 CALLAWAY GOLF CO Common Stock 13119310 875,320 55,400 55,400 55,400 CALPINE CORPORATION Common Stock 13134710 46,369,260 1,226,700 1,226,700 1,226,700 CANADIAN NATL RAILWAY CNVPFD Conv Prfd Stock 13637540 17,250,320 306,400 306,400 306,400 CAPITAL ONE FINL CORP Common Stock 14040H10 926,310 15,400 15,400 15,400 MERISTAR HOSPITALITY COR CNV Conv Bond P2 140918AC 17,416,418 15,816,000 15,816,000 15,816,000 CARDINAL HEALTH INC Common Stock 14149Y10 97,323,810 1,410,490 1,410,490 1,410,490 CAREMARK RX INC Common Stock 14170510 1,600,585 97,300 97,300 97,300 CELL THERAPEUTICS INC Common Stock 15093410 3,217,296 116,400 116,400 116,400 CELL THERAPEUTIC INC CNV BD 14 Conv Bond P2 150934AA 4,925,000 5,000,000 5,000,000 5,000,000 CENTURYTEL INC Common Stock 15670010 19,160,205 632,350 632,350 632,350 CEPHALON INC Common Stock 15670810 1,332,450 18,900 18,900 18,900 CERTICOM CORP Common Stock 15691510 149,600 55,000 55,000 55,000 CHARTER COMMUNICATIONS INC-A Common Stock 16117M10 11,022,022 472,035 472,035 472,035 THE CHEESECAKE FACTORY Common Stock 16307210 3,163,940 111,800 111,800 111,800 CHEVRON Common Stock 16675110 73,540,300 812,600 812,600 812,600 CHINA MOBILE LTD CNV BND CONV BD P2 E 16941MAA 3,471,563 3,450,000 3,450,000 3,450,000 CHUBB CORP Common Stock 17123210 38,165,247 492,900 492,900 492,900 CIENA CORP CONV BOND Conv Bond P2 171779AA 3,425,625 4,500,000 4,500,000 4,500,000 CIRRUS LOGIC INC Common Stock 17275510 3,804,556 165,200 165,200 165,200 CISCO SYS INC Common Stock 17275R10 205,384,397 11,284,857 11,284,857 11,284,857 CITIGROUP INC Common Stock 17296710 537,933,762 10,180,427 10,180,427 10,180,427 CITIZENS COMMUNICATIONS CO Common Stock 17453B10 697,740 58,000 58,000 58,000 CLEAR CHANNEL COMMUNICATIONS Common Stock 18450210 235,975,902 3,763,571 3,763,571 3,763,571 CLOROX Common Stock 18905410 17,063,785 504,100 504,100 504,100 COACH INC Common Stock 18975410 8,740,085 229,700 229,700 229,700 -------------- ------------- -------------- -------------- COLUMN TOTALS 1,356,615,598 60,853,830 60,853,830 60,853,830 * ITEM 7: MANAGERS - 1 PAGE 6 OF 08-01-2001 FORM 13F PAGE 5 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 6/30/2001 ------------------------------------------------------------------------------------------------------------------------------ ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7* ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL DISCRETION SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ------------------------------------------------------------------------------------------------------------------------------- COLGATE PALMOLIVE CO Common Stock 19416210 220,441,501 3,736,930 3,736,930 3,736,930 COMERICA INC Common Stock 20034010 584,640 10,150 10,150 10,150 COMPAQ COMPUTER CORP Common Stock 20449310 7,060,222 460,850 460,850 460,850 COMPUTER SCIENCES CORP Common Stock 20536310 14,448,960 417,600 417,600 417,600 COMVERSE TECHNOLOGY Conv Bond P2 205862AJ 2,470,625 2,950,000 2,950,000 2,950,000 CONSTELLATION BRANDS INC-A Common Stock 21036P10 5,945,000 145,000 145,000 145,000 CONSTELLATION ENERGY GROUP Common Stock 21037110 2,781,780 65,300 65,300 65,300 CORR THERAPEUTICS CONV BD Conv Bond P2 217753AD 1,765,875 1,700,000 1,700,000 1,700,000 CORINTHIAN COLLEGES INC Common Stock 21886810 10,167,120 216,000 216,000 216,000 CORNING Common Stock 21935010 50,181,049 3,003,055 3,003,055 3,003,055 CORPORATE EXECUTIVE BOARD CO Common Stock 21988R10 9,193,800 218,900 218,900 218,900 COST PLUS INC Common Stock 22148510 14,293,500 476,450 476,450 476,450 COSTCO WHOLESALE CORP Common Stock 22160K10 60,512,483 1,473,040 1,473,040 1,473,040 CROMPTON CORPORATION Common Stock 22711610 2,066,640 189,600 189,600 189,600 CUBIST PHARMACEUTICALS INC Common Stock 22967810 2,872,800 75,600 75,600 75,600 CUMMINS, INC Common Stock 23102110 882,360 22,800 22,800 22,800 CYMER INC C0NV (STEP) Conv Bond P2 232572AC 4,987,500 5,000,000 5,000,000 5,000,000 CYPRESS SEMICONDUCTOR CORP Common Stock 23280610 2,043,945 85,700 85,700 85,700 CYPRESS SEMICONDUCTOR CNV Conv Bond P2 232806AE 5,848,650 6,340,000 6,340,000 6,340,000 D & K HEALTHCARE RESOURCES Common Stock 23286110 3,132,250 85,000 85,000 85,000 DDI CORP Common Stock 23316210 4,296,000 214,800 214,800 214,800 DST SYS INC Common Stock 23332610 2,808,910 53,300 53,300 53,300 DTE ENERGY COMPANY Common Stock 23333110 7,284,114 156,850 156,850 156,850 DANAHER CORP Common Stock 23585110 4,944,800 88,300 88,300 88,300 DELPHI AUTOMOTIVE SYSTEMS Common Stock 24712610 184,788 11,600 11,600 11,600 DELTA AIR LINES Common Stock 24736110 383,496 8,700 8,700 8,700 -------------- ------------- -------------- -------------- COLUMN TOTALS 441,582,808 27,205,525 27,205,525 27,205,525 * ITEM 7: MANAGERS - 1 PAGE 7 OF 08-01-2001 FORM 13F PAGE 6 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 6/30/2001 ------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7* ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL DISCRETION SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ------------------------------------------------------------------------------------------------------------------------------- DEVELOPERS DIVERS REALTY CORP Common Stock 25159110 1,718,530 93,500 93,500 93,500 DIGENE CORP Common Stock 25375210 5,018,400 123,000 123,000 123,000 DIGITAL LIGHTWAVE INC Common Stock 25385510 6,748,896 182,600 182,600 182,600 DITECH COMMUNICATIONS CORP Common Stock 25500M10 593,600 80,000 80,000 80,000 DOLLAR TREE STORES INC Common Stock 25674710 1,719,120 61,750 61,750 61,750 DUKE ENERGY CORP Common Stock 26439910 979,151 25,100 25,100 25,100 E M C CORP MASS Common Stock 26864810 138,094,223 4,721,170 4,721,170 4,721,170 ENSCO INTL INC Common Stock 26874Q10 219,960 9,400 9,400 9,400 EDISON INTERNATIONAL (SCE CORP Common Stock 28102010 490,600 44,000 44,000 44,000 EDISON SCHOOLS INC Common Stock 28103310 5,689,444 249,100 249,100 249,100 EL PASO CORPORATION Common Stock 28336L10 208,179,925 3,962,313 3,962,313 3,962,313 EL PASO ENER CAP TR CNVPFD Conv Prfd Stock 28367820 6,029,275 91,700 91,700 91,700 ELAN PLC Common Stock 28413120 58,610,020 960,820 960,820 960,820 ELECTRONIC DATA SYSTEMS CORP Common Stock 28566110 55,601,250 889,620 889,620 889,620 EMCORE CORP Common Stock 29084610 7,192,425 233,900 233,900 233,900 EMCORE CORP CNV BND 144A Conv Bond P2 290846AA 5,581,125 6,150,000 6,150,000 6,150,000 EMMIS COMMUNICATIONS -CL A Common Stock 29152510 5,950,125 193,500 193,500 193,500 EMMIS COMM CORP CNVPFD Conv Prfd Stock 29152520 9,684,892 202,000 202,000 202,000 ENERGY EAST CORPORATION Common Stock 29266M10 7,742,973 370,300 370,300 370,300 ENERGIZER HOLDINGS INC Common Stock 29266R10 1,134,487 49,433 49,433 49,433 ENRON Common Stock 29356110 137,706,940 2,804,622 2,804,622 2,804,622 ENTERGY Common Stock 29364G10 495,231 12,900 12,900 12,900 EQUITABLE RES INC Common Stock 29454910 6,608,704 198,400 198,400 198,400 ERICSSON L M TEL CO Common Stock 29482140 1,084,000 200,000 200,000 200,000 EXE TECHNOLOGIES INC Common Stock 30150410 1,627,322 277,700 277,700 277,700 EXFO ELECTRO-OPTICAL ENGINEERI Common Stock 30204310 2,138,260 132,400 132,400 132,400 -------------- ------------- -------------- -------------- COLUMN TOTALS 676,638,878 22,319,228 22,319,228 22,319,228 * ITEM 7: MANAGERS - 1 PAGE 8 OF 08-01-2001 FORM 13F PAGE 7 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 6/30/2001 ------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7* ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL DISCRETION SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ------------------------------------------------------------------------------------------------------------------------------- EXXON MOBIL CORPORATION Common Stock 30231G10 87,211,725 998,417 998,417 998,417 FEI COMPANY Common Stock 30241L10 6,773,200 165,200 165,200 165,200 FANNIE MAE Common Stock 31358610 170,321,042 2,003,070 2,003,070 2,003,070 FEDERATED DEPT STORES Common Stock 31410H10 2,562,750 60,300 60,300 60,300 FEDEX CORPORATION Common Stock 31428X10 755,760 18,800 18,800 18,800 FELCOR LODGING TRUST INC Common Stock 31430F10 9,360,000 400,000 400,000 400,000 FELCOR LODGING CONV PRFD 144A Conv Prfd Stock 31430F20 524,640 24,000 24,000 24,000 FISERV INC Common Stock 33773810 6,212,458 97,100 97,100 97,100 FIRSTENERGY CORO Common Stock 33793210 35,022,240 1,089,000 1,089,000 1,089,000 FLEET BOSTON FINANCIAL CORP Common Stock 33903010 197,109,519 4,996,439 4,996,439 4,996,439 FORTUNE BRANDS INC Common Stock 34963110 2,374,484 61,900 61,900 61,900 FRANKLIN RESOURCES INC 144A Conv Bond P2 354613AA 7,745,625 13,500,000 13,500,000 13,500,000 GALLAGHER (ARTHUR J.) & CO Common Stock 36357610 5,114,200 196,700 196,700 196,700 GATEWAY INC Common Stock 36762610 48,794,813 2,966,250 2,966,250 2,966,250 GENERAL ELEC CO Common Stock 36960410 431,751,060 8,856,432 8,856,432 8,856,432 GEN SEMICONDUCTOR CNV BND Conv Bond P2 370787AB 2,121,750 2,300,000 2,300,000 2,300,000 GENESCO INC Common Stock 37153210 6,431,040 191,400 191,400 191,400 GETTY IMAGES INC CONV BOND Conv Bond P2 374276AE 5,338,000 6,800,000 6,800,000 6,800,000 GILEAD SCIENCES CNV BOND Conv Bond P2 375558AB 2,760,063 1,975,000 1,975,000 1,975,000 GLENBOROUGH REALTY CNVPFD A Conv Prfd Stock 37803P20 1,283,750 65,000 65,000 65,000 GLOBAL POWER EQUIPMENT GROUP Common Stock 37941P10 879,000 30,000 30,000 30,000 GLOBESPAN INC 144A Conv Bond P2 379571AA 2,491,500 3,300,000 3,300,000 3,300,000 GOLDEN WEST FINANCIAL Common Stock 38131710 578,160 9,000 9,000 9,000 GOLDMAN SACHS GROUP INC Common Stock 38141G10 138,681,972 1,616,340 1,616,340 1,616,340 GOODYEAR TIRE & RUBBER Common Stock 38255010 1,923,600 68,700 68,700 68,700 GRANT PRIDECO Common Stock 38821G10 3,060,752 175,000 175,000 175,000 -------------- ------------- -------------- -------------- COLUMN TOTALS 1,177,183,101 51,964,048 51,964,048 51,964,048 * ITEM 7: MANAGERS - 1 PAGE 9 OF 08-01-2001 FORM 13F PAGE 8 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 6/30/2001 ------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7* ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL DISCRETION SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ------------------------------------------------------------------------------------------------------------------------------- HCA INC Common Stock 40411910 56,066,781 1,240,690 1,240,690 1,240,690 HANOVER COMPRESSOR CO Common Stock 41076810 7,640,481 230,900 230,900 230,900 HARLEY DAVIDSON INC Common Stock 41282210 430,822,960 9,150,870 9,150,870 9,150,870 HARRAH'S ENTERTAINMENT INC Common Stock 41361910 4,934,940 139,800 139,800 139,800 HARTFORD FINANCIAL SVSC GROUP Common Stock 41651510 40,622,760 593,900 593,900 593,900 HEALTH CARE PPTYS INVEST INC Common Stock 42191510 1,001,040 29,100 29,100 29,100 HEALTH MGMT ASSOC INC NE CLS A Common Stock 42193310 2,493,240 118,500 118,500 118,500 HEALTH MANAGEMENT CV Conv Bond P2 421933AB 11,531,813 15,770,000 15,770,000 15,770,000 HEALTHCARE REALTY TRUST INC Common Stock 42194610 1,101,970 41,900 41,900 41,900 HEINZ (H.J) Common Stock 42307410 43,498,782 1,063,800 1,063,800 1,063,800 HELLER FINANCIAL INC Common Stock 42332810 2,764,000 69,100 69,100 69,100 HIGHWOODS PROPERTIES INC Common Stock 43128410 3,922,880 147,200 147,200 147,200 HOME DEPOT INC Common Stock 43707610 141,469,453 3,039,086 3,039,086 3,039,086 HORIZON OFFSHORE INC Common Stock 44043J10 2,894,400 214,400 214,400 214,400 HOUSEHOLD INTL INC Common Stock 44181510 374,978,729 5,621,870 5,621,870 5,621,870 HUMAN GENOME SCIENCES INC Common Stock 44490310 222,925 3,700 3,700 3,700 HUMAN GENOME CONV BND Conv Bond P2 444903AH 3,175,200 3,920,000 3,920,000 3,920,000 IXIA Common Stock 45071R10 4,588,500 241,500 241,500 241,500 IDEXX LABORATORIES INC Common Stock 45168D10 2,218,750 71,000 71,000 71,000 ILLINOIS TOOL WORKS Common Stock 45230810 52,034,499 822,030 822,030 822,030 IMCLONE SYSTEMS Common Stock 45245W10 939,840 17,800 17,800 17,800 INDYMAC BANCORP INC Common Stock 45660710 4,767,720 177,900 177,900 177,900 INGERSOLL-RAND Common Stock 45686610 66,465,694 1,613,245 1,613,245 1,613,245 INSIGHT COMMUNICATIONS INC Common Stock 45768V10 3,787,500 151,500 151,500 151,500 INSTINET GROUP INC Common Stock 45775010 1,864,000 100,000 100,000 100,000 INTEGRATED DEVICE TECHNOLOGY Common Stock 45811810 2,991,536 94,400 94,400 94,400 -------------- ------------- -------------- -------------- COLUMN TOTALS 1,268,800,393 44,684,191 44,684,191 44,684,191 * ITEM 7: MANAGERS - 1 PAGE 10 OF 08-01-2001 FORM 13F PAGE 9 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 6/30/2001 ------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7* ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL DISCRETION SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ------------------------------------------------------------------------------------------------------------------------------- INTEGRATED CIRCUIT SYSTEMS Common Stock 45811K20 7,697,280 400,900 400,900 400,900 INTERGRATED SILICON SOLUTIONS Common Stock 45812P10 8,327,490 599,100 599,100 599,100 INTEL CORP Common Stock 45814010 198,998,865 6,803,380 6,803,380 6,803,380 INTERLIANT CONV BOND 144A Conv Bond P2 458742AB 176,250 1,000,000 1,000,000 1,000,000 INTERMEDIA COMM Common Stock 45880110 149,000 10,000 10,000 10,000 INTERMUNE INC Common Stock 45884X10 3,326,908 93,400 93,400 93,400 IBM Common Stock 45920010 71,184,350 629,950 629,950 629,950 INTERNATIONAL GAME TECHN Common Stock 45990210 533,375 8,500 8,500 8,500 INTERNATIONAL PAPER CO Common Stock 46014610 69,008,100 1,933,000 1,933,000 1,933,000 INTERNET CAPITAL GROUP CNV Conv Bond P2 46059CAA 21,922,360 60,505,000 60,505,000 60,505,000 INVITROGEN CORP Common Stock 46185R10 7,649,572 106,540 106,540 106,540 INVESTORS FINANCIAL SVCS CP Common Stock 46191510 3,932,900 58,700 58,700 58,700 IONA TECHNOLOGIES PLC -ADR Common Stock 46206P10 962,500 25,000 25,000 25,000 I2 TECHNOLOGIES CONV BOND Conv Bond P2 465754AF 921,375 1,050,000 1,050,000 1,050,000 IVAX CORP Common Stock 46582310 133,823,469 3,431,371 3,431,371 3,431,371 JP MORGAN CHASE & CO Common Stock 46625H10 78,074,753 1,750,555 1,750,555 1,750,555 JABIL CIRCUIT INC Common Stock 46631310 1,601,634 51,900 51,900 51,900 JOHNSON & JOHNSON Common Stock 47816010 2,028,900 40,578 40,578 40,578 JONES APPAREL GROUP INC Common Stock 48007410 1,166,400 27,000 27,000 27,000 JUNIPER NETWORKS CONV BOND REG Conv Bond P2 48203RAA 27,607,661 37,780,000 37,780,000 37,780,000 KB HOME Common Stock 48666K10 1,565,823 51,900 51,900 51,900 KERR-MCGEE CORP CONV BOND Conv Bond P2 492386AL 1,283,555 1,274,000 1,274,000 1,274,000 KEYCORP INC Common Stock 49326710 535,328 20,550 20,550 20,550 KIMBERLY-CLARK CORP Common Stock 49436810 249,467,725 4,462,750 4,462,750 4,462,750 KING PHARMACEUTICALS INC Common Stock 49558210 60,208,331 1,120,155 1,120,155 1,120,155 KOHLS CORP Common Stock 50025510 345,733,886 5,511,460 5,511,460 5,511,460 -------------- ------------- -------------- -------------- COLUMN TOTALS 1,297,887,789 128,745,689 128,745,689 128,745,689 * ITEM 7: MANAGERS - 1 PAGE 11 OF 08-01-2001 FORM 13F PAGE 10 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 6/30/2001 ------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7* ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL DISCRETION SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ------------------------------------------------------------------------------------------------------------------------------- KOS PHARMACEUTICALS INC Common Stock 50064810 3,757,200 101,000 101,000 101,000 KRAFT FOOD INC-A Common Stock 50075N10 32,057,100 1,034,100 1,034,100 1,034,100 KROGER CO Common Stock 50104410 7,825,000 313,000 313,000 313,000 KULICKE & SOFFA IND CNV Conv Bond P2 501242AE 4,233,063 4,450,000 4,450,000 4,450,000 LCC INTERNATIONAL INC Common Stock 50181010 1,438,526 217,300 217,300 217,300 LSI LOGIN CORP Common Stock 50216110 2,588,760 137,700 137,700 137,700 LSI LOGIC CORP CONV BOND Conv Bond P2 502161AE 57,097,770 67,620,000 67,620,000 67,620,000 L-3 COMMUNICATIONS HLDGS INC Common Stock 50242410 3,242,750 42,500 42,500 42,500 LABORATORY CORP OF AMERICA HLD Common Stock 50540R40 1,814,840 23,600 23,600 23,600 LAMAR ADVERTISING CO Common Stock 51281510 2,200,000 50,000 50,000 50,000 LAMAR ADVERTISING CONV BOND Conv Bond P2 512815AF 7,277,400 6,220,000 6,220,000 6,220,000 LATTICE SEMICONDUCTOR CORP Common Stock 51841510 2,930,440 120,100 120,100 120,100 LATTICE SEMICONDUCTOR CNV Conv Bond P2 518415AC 2,747,500 2,000,000 2,000,000 2,000,000 LEGG MASON INC Common Stock 52490110 2,667,136 53,600 53,600 53,600 LEHMAN BROTHERS HOLDINGS INC Common Stock 52490810 1,622,040 21,000 21,000 21,000 LENNAR CORP Common Stock 52605710 579,630 13,900 13,900 13,900 LIMITED INC Common Stock 53271610 2,304,540 139,500 139,500 139,500 LINCARE HOLDINGS INC Common Stock 53279110 300,100 10,000 10,000 10,000 LINCOLN NATIONAL CORP Common Stock 53418710 48,901,163 944,950 944,950 944,950 LINENS 'N THINGS INC Common Stock 53567910 7,089,540 259,500 259,500 259,500 LOUIS DREYFUS NATURAL GAS Common Stock 54601110 3,523,335 101,100 101,100 101,100 LOWES COS INC Common Stock 54866110 50,531,801 696,510 696,510 696,510 M & T BANK CORPORATION Common Stock 55261F10 1,489,615 19,730 19,730 19,730 MBNA CORP Common Stock 55262L10 114,052,620 3,456,140 3,456,140 3,456,140 MITSUBISHI BANK CVB Conv Bond P2 55262XAA 8,750,000 8,750,000 8,750,000 8,750,000 MDC HOLDINGS INC Common Stock 55267610 523,920 14,800 14,800 14,800 -------------- ------------- -------------- -------------- COLUMN TOTALS 371,545,787 96,810,030 96,810,030 96,810,030 * ITEM 7: MANAGERS - 1 PAGE 12 OF 08-01-2001 FORM 13F PAGE 11 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 6/30/2001 ------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7* ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL DISCRETION SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ------------------------------------------------------------------------------------------------------------------------------- MGIC INVT CORP WIS Common Stock 55284810 8,680,480 119,500 119,500 119,500 MRV COMMUNICATIONS INC Common Stock 55347710 788,205 84,300 84,300 84,300 MRV COMMUNICATIONS INC CNVBD Conv Bond P2 553477AB 2,291,250 2,600,000 2,600,000 2,600,000 MACROVISION CORP Common Stock 55590410 9,384,500 137,000 137,000 137,000 MANDALAY RESORT GROUP Common Stock 56256710 315,100 11,500 11,500 11,500 MANHATTAN ASSOCIATES INC Common Stock 56275010 10,211,775 256,900 256,900 256,900 MANUGISTICS GROUP INC Common Stock 56501110 5,527,020 220,200 220,200 220,200 MANUGISTICS GP CONV BD Conv Bond P2 565011AB 1,764,675 1,980,000 1,980,000 1,980,000 MARSH & MCLENNAN COS Common Stock 57174810 170,163,790 1,684,790 1,684,790 1,684,790 MARTHA STEWART LIVING -CL A Common Stock 57308310 619,080 26,800 26,800 26,800 MATTEL INC Common Stock 57708110 3,784,000 200,000 200,000 200,000 MAXIMUS INC Common Stock 57793310 7,528,902 187,800 187,800 187,800 MCDONALD'S CORP Common Stock 58013510 69,159,948 2,555,800 2,555,800 2,555,800 MCLEODUSA INC CNVPFD Conv Prfd Stock 58226620 328,375 2,500 2,500 2,500 MEDIMMUNE INC Common Stock 58469910 3,773,168 79,940 79,940 79,940 MEDTRONIC INC Common Stock 58505510 227,410,406 4,942,630 4,942,630 4,942,630 MELLON FINANCIAL CORP Common Stock 58551A10 117,366,352 2,619,200 2,619,200 2,619,200 MERCK & CO INC Common Stock 58933110 92,170,363 1,442,190 1,442,190 1,442,190 MERCURY INTERACTIVE CORP CONV Conv Bond P2 589405AB 4,812,500 5,500,000 5,500,000 5,500,000 MERIX CORP Common Stock 59004910 4,772,147 272,850 272,850 272,850 MERRILL LYNCH & CO CONV BOND Conv Bond P1 590188A6 5,112,500 10,000,000 10,000,000 10,000,000 METRIS COMPANIES INC Common Stock 59159810 6,357,706 188,600 188,600 188,600 METRO ONE TELECOMMUNICATIONS Common Stock 59163F10 7,531,407 116,100 116,100 116,100 METTLER-TOLEDO INTERNATIONAL Common Stock 59268810 12,183,525 281,700 281,700 281,700 MICROSOFT CORP Common Stock 59491810 404,222,754 5,537,298 5,537,298 5,537,298 MICROTUNE INC Common Stock 59514P10 4,562,800 207,400 207,400 207,400 -------------- ------------- -------------- -------------- COLUMN TOTALS 1,180,822,728 41,254,998 41,254,998 41,254,998 * ITEM 7: MANAGERS - 1 PAGE 13 OF 08-01-2001 FORM 13F PAGE 12 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 6/30/2001 ------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7* ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL DISCRETION SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ------------------------------------------------------------------------------------------------------------------------------- MILLENNIUM PHARMACEUTICALS Common Stock 59990210 320,220 9,000 9,000 9,000 MINIMED INC Common Stock 60365K10 1,272,000 26,500 26,500 26,500 MIRANT CORP Common Stock 60467510 846,240 24,600 24,600 24,600 MOBILE MINI INC Common Stock 60740F10 653,004 19,800 19,800 19,800 MONTANA POWER CO Common Stock 61208510 2,088,000 180,000 180,000 180,000 MORGAN STANLEY DEAN WITTER & C Common Stock 61744644 33,489,522 521,400 521,400 521,400 MOTOROLA INC Common Stock 62007610 23,619,528 1,426,300 1,426,300 1,426,300 MYRIAD GENETICS INC Common Stock 62855J10 5,591,147 88,300 88,300 88,300 NRG ENERGY INC Common Stock 62937710 1,918,752 86,900 86,900 86,900 NRG ENERGY CONV PFD Conv Prfd Stock 62937720 6,571,953 284,500 284,500 284,500 NASDAQ-100 SHARES Common Stock 63110010 4,674,559 102,400 102,400 102,400 NATIONAL AUSTRALIA BK CNV PFD Conv Prfd Stock 63252530 4,952,848 159,000 159,000 159,000 NATIONAL CITY CORP Common Stock 63540510 637,146 20,700 20,700 20,700 NATIONWIDE HEALTH PPTYS INC Common Stock 63862010 882,740 43,700 43,700 43,700 NAVISTAR INTERNATIONAL Common Stock 63934E10 1,043,623 37,100 37,100 37,100 NETEGRITY INC Common Stock 64110P10 3,885,000 129,500 129,500 129,500 NETWORK PLUS CORP Common Stock 64122D50 197,938 73,040 73,040 73,040 NETWORK PLUS CNVPFD Conv Prfd Stock 64122D60 952,000 112,000 112,000 112,000 NEW YORK COMMUNITY BANCORP Common Stock 64944510 4,310,925 114,500 114,500 114,500 NEWFIELD EXPLORATION COMPANY Common Stock 65129010 243,656 7,600 7,600 7,600 NIAGARA MOHAWK HOLDINGS INC Common Stock 65352010 12,260,055 693,050 693,050 693,050 NOKIA CORP Common Stock 65490220 66,006,374 2,974,600 2,974,600 2,974,600 NORTEL NETWORKS CORP Common Stock 65656810 158,025 17,500 17,500 17,500 NVIDIA CORP Common Stock 67066G10 3,895,500 42,000 42,000 42,000 OFFICE DEPOT INC Common Stock 67622010 15,937,971 1,535,450 1,535,450 1,535,450 OMNICOM GROUP INC Common Stock 68191910 223,894,120 2,603,420 2,603,420 2,603,420 -------------- ------------- -------------- -------------- COLUMN TOTALS 420,302,846 11,332,860 11,332,860 11,332,860 * ITEM 7: MANAGERS - 1 PAGE 14 OF 08-01-2001 FORM 13F PAGE 13 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 6/30/2001 ------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7* ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL DISCRETION SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ------------------------------------------------------------------------------------------------------------------------------- ONI SYSTEMS CORP Common Stock 68273F10 312,480 11,200 11,200 11,200 ONI SYSTEMS CORP CNV BD Conv Bond P2 68273FAA 482,600 635,000 635,000 635,000 ORACLE CORPORATION Common Stock 68389X10 243,516,388 12,816,652 12,816,652 12,816,652 ORION POWER HOLDINGS Common Stock 68628610 1,304,788 54,800 54,800 54,800 ORTHODONTIC CENTERS OF AMERICA Common Stock 68750P10 6,983,622 229,800 229,800 229,800 PG & E CORPORATION Common Stock 69331C10 1,151,360 102,800 102,800 102,800 P.F. CHANGS CHINA BISTRO INC Common Stock 69333Y10 2,402,860 63,400 63,400 63,400 PMI GROUP INC Common Stock 69344M10 1,569,135 21,900 21,900 21,900 PNC FINANCIAL SERVICES GROUP Common Stock 69347510 76,665,087 1,165,300 1,165,300 1,165,300 PATTERSON DENTAL COMPANY Common Stock 70341210 8,507,400 257,800 257,800 257,800 PAYLESS SHOESOURCE INC Common Stock 70437910 776,400 12,000 12,000 12,000 PEC SOLUTIONS INC Common Stock 70510710 3,867,500 175,000 175,000 175,000 PEOPLESOFT INC Common Stock 71271310 2,441,808 49,600 49,600 49,600 PEREGRINE SYSTEMS INC Common Stock 71366Q10 3,625,000 125,000 125,000 125,000 PERFORMANCE FOOD GROUP CP Common Stock 71375510 9,513,381 314,700 314,700 314,700 PERKINELMER INC Common Stock 71404610 2,128,069 77,300 77,300 77,300 PFIZER INC Common Stock 71708110 254,532,569 6,355,370 6,355,370 6,355,370 PHELPS DODGE Common Stock 71726510 7,997,050 192,700 192,700 192,700 PHILIP MORRIS COS INC Common Stock 71815410 40,579,700 799,600 799,600 799,600 PHILLIPS PETROLEUM Common Stock 71850710 58,453,500 1,025,500 1,025,500 1,025,500 PHOTOTRONICS INC Common Stock 71940510 5,452,750 212,500 212,500 212,500 PHOTOTRONICS INC CVB Conv Bond P2 719405AA 1,038,263 990,000 990,000 990,000 PINNACLE ENTERTAINMENT INC Common Stock 72345610 8,871,928 1,207,065 1,207,065 1,207,065 PITNEY BOWES INC Common Stock 72447910 9,750,780 231,500 231,500 231,500 PLACER DOME Common Stock 72590610 8,106,707 827,215 827,215 827,215 PLEXUS CORP Common Stock 72913210 9,088,200 275,400 275,400 275,400 -------------- ------------- -------------- -------------- COLUMN TOTALS 769,119,324 28,229,102 28,229,102 28,229,102 * ITEM 7: MANAGERS - 1 PAGE 15 OF 08-01-2001 FORM 13F PAGE 14 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 6/30/2001 ------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7* ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL DISCRETION SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ------------------------------------------------------------------------------------------------------------------------------- POLYONE CORPORATION Common Stock 73179P10 2,351,619 225,900 225,900 225,900 PORTAL SOFTWARE Common Stock 73612610 393,589 95,300 95,300 95,300 POWERWAVE TECHNOLOGIES INC Common Stock 73936310 725,000 50,000 50,000 50,000 PRAECIS PHARMACEUTICALS INC Common Stock 73942110 2,201,316 133,900 133,900 133,900 PRIDE INTERNATIONAL INC Common Stock 74193210 3,435,200 180,800 180,800 180,800 PRIDE INTERNATIONAL INC CNV Conv Bond P2 741932AB 10,733,813 24,890,000 24,890,000 24,890,000 PROCTER & GAMBLE Common Stock 74271810 43,313,820 678,900 678,900 678,900 PROTEIN DESIGN LABS INC Common Stock 74369L10 8,511,156 98,100 98,100 98,100 PROTON ENERGY SYSTEMS Common Stock 74371K10 2,020,800 168,400 168,400 168,400 PROVINCE HEALTHCARE CO Common Stock 74397710 9,972,954 282,600 282,600 282,600 PROVINCE HEALTHCARE CO Conv Bond P2 743977AC 14,300,000 13,000,000 13,000,000 13,000,000 PROVIDIAN CORP Common Stock 74406A10 210,765,024 3,560,220 3,560,220 3,560,220 PUBLIC SV ENTERPRISE Common Stock 74457310 987,780 20,200 20,200 20,200 QLOGIC CORP Common Stock 74727710 2,352,425 36,500 36,500 36,500 QUALCOMM INC Common Stock 74752510 1,871,360 32,000 32,000 32,000 QUANTUM CORP CONV BOND Conv Bond P2 747906AC 7,248,789 7,470,000 7,470,000 7,470,000 QUEST DIAGNOSTICS INC Common Stock 74834L10 351,795 4,700 4,700 4,700 RPM INC OHIO Common Stock 74968510 2,273,118 247,078 247,078 247,078 RADIANT SYSTEMS INC Common Stock 75025N10 5,450,172 338,100 338,100 338,100 RADISYS CORP CONV BOND Conv Bond P2 750459AB 2,050,250 2,950,000 2,950,000 2,950,000 RALSTON - RALSTON PURINA Common Stock 75127730 1,918,278 63,900 63,900 63,900 RATIONAL SOFTWARE CORP Common Stock 75409P20 4,210,305 150,100 150,100 150,100 RATIONAL SOFTWARE CORP CNV REG Conv Bond P2 75409PAC 2,828,100 2,640,000 2,640,000 2,640,000 RAYTHEON COMPANY Common Stock 75511150 45,587,678 1,717,050 1,717,050 1,717,050 REDBACK NETWORKS Conv Bond P2 757209AB 2,401,400 4,000,000 4,000,000 4,000,000 REHABCARE GROUP INC Common Stock 75914810 8,247,020 171,100 171,100 171,100 -------------- --------------------------- -------------- COLUMN TOTALS 396,502,760 63,204,848 63,204,848 63,204,848 * ITEM 7: MANAGERS - 1 PAGE 16 OF 08-01-2001 FORM 13F PAGE 15 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 6/30/2001 ------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7* ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL DISCRETION SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ------------------------------------------------------------------------------------------------------------------------------- RELIANT RESOURCES INC Common Stock 75952B10 2,563,860 103,800 103,800 103,800 RENT-A-CENTER INC Common Stock 76009N10 5,917,500 112,500 112,500 112,500 REPUBLIC SERVICES INC CLASS A Common Stock 76075910 198,500 10,000 10,000 10,000 RESPIRONICS INC Common Stock 76123010 4,705,056 158,100 158,100 158,100 ROSYLN BANCORP INC Common Stock 77816210 1,664,790 63,300 63,300 63,300 RUDOLPH TECHNOLOGIES INC Common Stock 78127010 7,656,300 162,900 162,900 162,900 SBC COMMUNICATIONS (SOUTHWESTE Common Stock 78387G10 65,753,082 1,641,365 1,641,365 1,641,365 SCI SYSTEMS INC CONV BOND Conv Bond P2 783890AF 5,617,500 7,000,000 7,000,000 7,000,000 SEI CORPORATION Common Stock 78411710 2,995,680 63,200 63,200 63,200 S & P 500 DEPOSITORY RECEIPT Common Stock 78462F10 18,299,379 149,200 149,200 149,200 SPX CORP CNV BND Conv Bond P2 784635AD 5,973,000 8,800,000 8,800,000 8,800,000 SAFEGUARD SCIENTIFIC CONV BD Conv Bond P2 786449AE 283,125 500,000 500,000 500,000 SAFEWAY INC Common Stock 78651420 127,736,640 2,661,180 2,661,180 2,661,180 ST JUDE MEDICAL INC Common Stock 79084910 282,000 4,700 4,700 4,700 SANDISK CORP Common Stock 80004C10 1,218,793 43,700 43,700 43,700 SCIENTIFIC ATLANTA INC Common Stock 80865510 933,800 23,000 23,000 23,000 SEARS ROEBUCK & CO Common Stock 81238710 76,516,366 1,808,470 1,808,470 1,808,470 SHAW GROUP / LYON CNV BND 144A Conv Bond P2 820280AA 3,928,750 7,000,000 7,000,000 7,000,000 SIEBEL SYSTEMS CNV Conv Bond P2 826170AC 936,881 435,000 435,000 435,000 SIMPLEX SOLUTIONS INC Common Stock 82885410 2,296,530 96,900 96,900 96,900 SMITH & WOLENSKY RESTAURANT Common Stock 83175810 2,790,480 498,300 498,300 498,300 SOLUTIA INC Common Stock 83437610 2,538,525 199,100 199,100 199,100 SONIC CORP Common Stock 83545110 3,874,233 122,100 122,100 122,100 SONICBLUE INC Common Stock 83546Q10 938,850 284,500 284,500 284,500 SPRINT CORP Common Stock 85206110 46,921,512 2,196,700 2,196,700 2,196,700 STAPLES INC Common Stock 85503010 24,588,990 1,537,773 1,537,773 1,537,773 -------------- ------------- -------------- -------------- COLUMN TOTALS 417,130,122 35,675,788 35,675,788 35,675,788 * ITEM 7: MANAGERS - 1 PAGE 17 OF 08-01-2001 FORM 13F PAGE 16 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 6/30/2001 ------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7* ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL DISCRETION SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ------------------------------------------------------------------------------------------------------------------------------- STILWELL FINANCIAL CNV BND 144 Conv Bond P2 860831AA 10,256,000 12,800,000 12,800,000 12,800,000 STRATOS LIGHTWAVE INC Common Stock 86310010 5,401,500 415,500 415,500 415,500 SUN MICROSYSTEMS INC Common Stock 86681010 227,948,410 14,500,535 14,500,535 14,500,535 SUNOCO INC Common Stock 86764P10 10,681,308 291,600 291,600 291,600 SUNTRUST BANKS Common Stock 86791410 1,512,937 23,355 23,355 23,355 SYMBOL TECHNOLOGIES INC Common Stock 87150810 2,200,575 99,125 99,125 99,125 SYNPLICITY INC Common Stock 87160Y10 3,678,675 367,500 367,500 367,500 SYNOVUS FINL CORP Common Stock 87161C10 392,250 12,500 12,500 12,500 TXU CORPORATION Common Stock 87316810 1,421,605 29,500 29,500 29,500 TALBOTS INC Common Stock 87416110 1,946,875 44,500 44,500 44,500 TARGET CORP Common Stock 87612E10 1,390,920 40,200 40,200 40,200 TECHNE CORP Common Stock 87837710 5,902,000 181,600 181,600 181,600 TEKELEC INC CONV BOND Conv Bond P2 879101AC 753,469 475,000 475,000 475,000 TELEFONOS DE MEXICO SA-REP ORD Common Stock 87940378 793,034 22,600 22,600 22,600 TELLABS INC Common Stock 87966410 9,996,204 515,800 515,800 515,800 TEMPLE INLAND INC Common Stock 87986810 11,531,956 216,400 216,400 216,400 TENET HEALTHCARE CORP Common Stock 88033G10 14,540,880 281,800 281,800 281,800 TETRA TECH INC Common Stock 88162G10 1,802,979 66,286 66,286 66,286 TEXACO INC Common Stock 88169410 41,119,221 616,850 616,850 616,850 TEXAS INSTRS INC Common Stock 88250810 145,210,076 4,552,040 4,552,040 4,552,040 TEXTRON INC Common Stock 88320310 50,865,216 924,150 924,150 924,150 TITAN PHARMACEUTICALS INC Common Stock 88831410 3,328,109 110,900 110,900 110,900 TORO CO Common Stock 89109210 2,269,975 50,500 50,500 50,500 TOSCO CORP Common Stock 89149030 17,536,305 398,100 398,100 398,100 TOWER AUTOMOTIVE INC CNV Conv Bond P2 891707AE 2,078,125 2,500,000 2,500,000 2,500,000 TRANSWITCH CORP CNV BD REG Conv Bond P2 894065AB 3,307,500 4,500,000 4,500,000 4,500,000 -------------- ------------- -------------- -------------- UMN TOTALS 577,866,104 44,036,341 44,036,341 44,036,341 * ITEM 7: MANAGERS - 1 PAGE 18 OF 08-01-2001 FORM 13F PAGE 17 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 6/30/2001 ------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7* ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL DISCRETION SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ------------------------------------------------------------------------------------------------------------------------------- TRICON GLOBAL RESTAURANTS Common Stock 89595310 3,015,930 68,700 68,700 68,700 TRIKON TECHNOLOGIES INC Common Stock 89618740 700,000 50,000 50,000 50,000 TRIGON HEALTHCARE INC Common Stock 89618L10 324,250 5,000 5,000 5,000 TRIQUENT SEMICONDUCTOR CONV BO Conv Bond P2 89674KAB 5,668,250 7,900,000 7,900,000 7,900,000 TRIUMPH GROUP INC Common Stock 89681810 4,576,600 93,400 93,400 93,400 TWEETER HOME ENTERTAINMENT GRP Common Stock 90116710 14,416,520 408,400 408,400 408,400 TYCO INTL LTD Common Stock 90212410 513,969,121 9,428,896 9,428,896 9,428,896 TYCO INTL LTD REG Conv Bond P2 902124AC 14,816,750 19,400,000 19,400,000 19,400,000 UNITED AIR LINES Common Stock 90254950 428,830 12,200 12,200 12,200 UNILAB CORPORATION Common Stock 90476320 756,000 30,000 30,000 30,000 UNISYS CORP Common Stock 90921410 40,354,870 2,743,363 2,743,363 2,743,363 UNITEDGLOBALCOM INC - CL A Common Stock 91324750 240,046 27,751 27,751 27,751 UNITEDHEALTH GROUP Common Stock 91324P10 324,780,300 5,259,600 5,259,600 5,259,600 UNIVERSAL HEALTH SVCS INC CL B Common Stock 91390310 286,650 6,300 6,300 6,300 UNOCAL CORP Common Stock 91528910 46,518,276 1,362,175 1,362,175 1,362,175 VERITY INC Common Stock 92343C10 3,706,710 185,800 185,800 185,800 VERIZON COMMUNICATIONS Common Stock 92343V10 97,359,835 1,819,810 1,819,810 1,819,810 VERIZON GLOBAL FDG CORP 144A Conv Bond P1 92343VAA 8,740,000 16,000,000 16,000,000 16,000,000 VERTEX PHARMACEUTICALS CVB Conv Bond P2 92532FAD 11,055,000 13,400,000 13,400,000 13,400,000 VIACOM INC-CL B Common Stock 92552430 231,536,176 4,474,129 4,474,129 4,474,129 VITESSE SEMICONDUCTOR CNV Conv Bond P2 928497AB 29,067,373 35,230,000 35,230,000 35,230,000 VITRIA TECHNOLOGY INC Common Stock 92849Q10 137,600 40,000 40,000 40,000 VIVENDI UNIVERSAL SP -ADR Common Stock 92851S20 3,255,830 56,135 56,135 56,135 WHX CORP CNVPFD B Conv Prfd Stock 92924830 954,210 187,100 187,100 187,100 WASHINGTON MUTUAL SAVINGS BANK Common Stock 93932210 148,324,340 3,950,049 3,950,049 3,950,049 WASTE CONNECTIONS INC Common Stock 94105310 13,039,200 362,200 362,200 362,200 -------------- ------------- -------------- -------------- COLUMN TOTALS 1,518,028,667 122,501,008 122,501,008 122,501,008 * ITEM 7: MANAGERS - 1 PAGE 19 OF 08-01-2001 FORM 13F PAGE 18 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 6/30/2001 ------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7* ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL DISCRETION SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ------------------------------------------------------------------------------------------------------------------------------- WASTE MANAGEMENT CNV Conv Bond P2 94106LAA 8,921,250 9,000,000 9,000,000 9,000,000 WATERS CORPORATION Common Stock 94184810 1,159,620 42,000 42,000 42,000 WATSON PHARMACEUTICALS INC Common Stock 94268310 4,000,436 64,900 64,900 64,900 WEATHERFORD INTL INC Conv Bond P2 947074AB 4,313,750 7,000,000 7,000,000 7,000,000 WELLPOINT HEALTH NETWORKS Common Stock 94973H10 414,656 4,400 4,400 4,400 WENDYS FINANCE I SERIES A Conv Prfd Stock 95058820 2,982,774 56,300 56,300 56,300 WENDYS INTL INC Common Stock 95059010 2,937,100 115,000 115,000 115,000 WORLDCOM INC-WORLDCOM GROUP Common Stock 98157D10 31,313,840 2,205,200 2,205,200 2,205,200 ZIONS BANCORPORATION Common Stock 98970110 2,525,200 42,800 42,800 42,800 ZORAN CORP Common Stock 98975F10 7,076,332 238,100 238,100 238,100 CHINA.COM CORP -CL A Common Stock G2108N10 151,420 56,500 56,500 56,500 MARVELL TECHNOLOGY GROUP LTD Common Stock G5876H10 1,613,999 60,000 60,000 60,000 PARTNERRE LTD Common Stock G6852T10 2,743,519 49,522 49,522 49,522 RENAISSANCERE HOLDINGS LTD Common Stock G7496G10 4,257,875 57,500 57,500 57,500 UTI WORLDWIDE INC Common Stock G8721010 5,021,168 315,400 315,400 315,400 TRANSOCEAN SEDCO FOREX INC Common Stock G9007810 25,604,700 620,720 620,720 620,720 WILLIS GROUP HOLDINGS LTD Common Stock G9665510 917,675 51,700 51,700 51,700 BREEZECOM LIMITED Common Stock M2038510 1,408,113 319,300 319,300 319,300 PRECISE SOFTWARE SOLUTIONS Common Stock M4145010 8,571,440 279,200 279,200 279,200 GILAT SATELLITE NETWORKS LTD Common Stock M5147410 1,065,600 88,800 88,800 88,800 RADWARE LTD Common Stock M8187310 5,709,215 316,300 316,300 316,300 ASM INTERNATIONAL N.V Common Stock N0704510 2,481,251 125,000 125,000 125,000 ASE TEST LIMITED Common Stock Y0251610 1,151,100 90,000 90,000 90,000 -------------- ------------- -------------- -------------- COLUMN TOTALS 126,342,033 21,198,642 21,198,642 21,198,642 -------------- ------------- -------------- -------------- REPORT TOTALS 15,400,414,629 1,085,787,898 1,085,787,898 1,085,787,898 =============== ============== =============== =============== * ITEM 7: MANAGERS - 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