13F-HR 1 f13.txt
01-11-2002 FORM 13F PAGE 1 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 12/31/2001 -------------------------------------------------------------------------------------------------------------------------------- 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 DISCRETION MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) A) (B) (C) -------------------------------------------------------------------------------------------------------------------------------- AGCO CP Common Stock 00108410 1,163,830 128,600 128,600 128,600 AES CORP Common Stock 00130H10 562,798 43,900 43,900 43,900 AOL TIME WARNER Common Stock 00184A10 231,961,821 7,007,910 7,007,910 7,007,910 AT&T CORP Common Stock 00195710 24,103,288 1,248,875 1,248,875 1,248,875 AT & T WIRELESS SERVICES INC Common Stock 00209A10 1,289,516 86,313 86,313 86,313 ABBOTT LABS Common Stock 00282410 120,845,240 2,330,670 2,330,670 2,330,670 ABERCROMBIE & FITCH CO CLS A Common Stock 00289620 3,532,072 200,800 200,800 200,800 ABITIBI PRICE INC Common Stock 00392410 7,864,849 1,232,735 1,232,735 1,232,735 ADAPTEC INC CNV Conv Bond P2 00651FAC 3,641,138 4,074,000 4,074,000 4,074,000 AEROFLEX INC Common Stock 00776810 4,116,200 374,200 374,200 374,200 ADVANCED MICRO DEVICES Common Stock 00790310 4,983,114 611,425 611,425 611,425 ADVANCEPCS Common Stock 00790K10 10,228,650 142,500 142,500 142,500 ADVENT SOFTWARE Common Stock 00797410 7,225,035 191,900 191,900 191,900 AES TRUST III CNVPFD Conv Prfd Stock 00808N20 2,570,100 78,000 78,000 78,000 AFFILIATED MANAGERS GROUP Common Stock 00825210 11,651,731 205,100 205,100 205,100 AFFYMETRIX INC Conv Bond P2 00826TAB 11,220,300 16,440,000 16,440,000 16,440,000 AGILE SOFTWARE CORP Common Stock 00846X10 2,871,531 315,900 315,900 315,900 AGNICO EAGLE MINES CNV Conv Bond P2 008474AA 13,379,737 15,308,000 15,308,000 15,308,000 AIR PRODUCTS & CHEMICALS Common Stock 00915810 14,068,197 364,650 364,650 364,650 ALBERTSON'S Common Stock 01310410 2,652,416 83,200 83,200 83,200 ALCOA INC Common Stock 01381710 47,488,683 1,531,399 1,531,399 1,531,399 ALLEGHENY ENERGY INC Common Stock 01736110 2,423,118 66,025 66,025 66,025 ALLERGAN INC Common Stock 01849010 140,854,682 2,124,505 2,124,505 2,124,505 ALLSTATE CORP Common Stock 02000210 63,093,039 1,689,238 1,689,238 1,689,238 ALLTEL CORP Common Stock 02003910 51,130,734 882,325 882,325 882,325 AMERICAN INTL GROUP INC Common Stock 02687410 191,261,616 2,452,072 2,452,072 2,452,072 ------------ ----------- ----------- -------- COLUMN TOTALS 976,183,433 59,214,242 59,214,242 59,214,242 * ITEM 7: MANAGERS - 1 PAGE 3 OF 01-11-2002 FORM 13F PAGE 2 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 12/31/2001 -------------------------------------------------------------------------------------------------------------------------------- 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 DISCRETION MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) A) (B) (C) -------------------------------------------------------------------------------------------------------------------------------- AMERICAN ITALIAN PASTA CO - A Common Stock 02707010 6,297,200 145,600 145,600 145,600 AMERICAN MEDICAL SYS HOLDINGS Common Stock 02744M10 2,734,638 143,400 143,400 143,400 AMERICAN STANDARD COMPANIES Common Stock 02971210 86,735,000 1,577,000 1,577,000 1,577,000 AMERICAN TOWER CORP CONV BOND Conv Bond P2 029912AF 2,718,238 3,730,000 3,730,000 3,730,000 AMERICREDIT CORP Common Stock 03060R10 5,792,784 183,200 183,200 183,200 AMERISOURCEBERGEN CORP Common Stock 03073E10 16,715,820 235,600 235,600 235,600 AMGEN Common Stock 03116210 268,023,230 4,560,545 4,560,545 4,560,545 AMPHENOL CORP -CL A Common Stock 03209510 5,320,225 153,100 153,100 153,100 AMSOUTH BANCORPORATION Common Stock 03216510 487,890 27,000 27,000 27,000 ANALOG DEVICES Common Stock 03265410 99,478,959 3,042,170 3,042,170 3,042,170 ANDRX CORP Common Stock 03455310 21,189,888 326,400 326,400 326,400 AON CORP Common Stock 03738910 1,488,900 35,450 35,450 35,450 APPLE COMPUTER INC Common Stock 03783310 3,618,483 233,300 233,300 233,300 APRIA HEALTHCARE GROUP I Common Stock 03793310 31,155,110 1,202,900 1,202,900 1,202,900 APPLIED MATLS INC Common Stock 03822210 329,904 11,600 11,600 11,600 ARCH CHEMICALS INC Common Stock 03937R10 1,527,710 67,300 67,300 67,300 ASTORIA FINANCIAL CORP Common Stock 04626510 3,525,970 59,500 59,500 59,500 @TRACK COMMUNICATIONS INC(LOCK Common Stock 04648Y20 14,623,746 11,249,035 11,249,035 11,249,035 ATMEL CORP Common Stock 04951310 778,888 116,600 116,600 116,600 AVOCENT CORPORATION Common Stock 05389310 4,583,040 308,000 308,000 308,000 AVON PRODUCTS Common Stock 05430310 2,608,500 56,400 56,400 56,400 BB&T CORPORATION Common Stock 05493710 2,205,116 60,497 60,497 60,497 THE BISYS GROUP INC Common Stock 05547210 12,316,546 232,300 232,300 232,300 BJ'S WHOLESALE CLUB INC Common Stock 05548J10 395,163 8,300 8,300 8,300 BANK OF AMERICA CORP Common Stock 06050510 122,766,144 2,102,160 2,102,160 2,102,160 BANK NEW YORK INC Common Stock 06405710 4,200,000 120,000 120,000 120,000 ------------ ---------- ------------ -------------- COLUMN TOTALS 721,617,090 29,987,357 29,987,357 29,987,357 * ITEM 7: MANAGERS - 1 PAGE 4 OF 01-11-2002 FORM 13F PAGE 3 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 12/31/2001 -------------------------------------------------------------------------------------------------------------------------------- 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 DISCRETION MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) A) (B) (C) -------------------------------------------------------------------------------------------------------------------------------- BANKUNITED FINANCIAL CORP A Common Stock 06652B10 3,523,734 240,200 240,200 240,200 BARR LABORATORIES INC Common Stock 06830610 13,558,790 171,500 171,500 171,500 BAUSCH & LOMB INC Common Stock 07170710 3,257,330 115,100 115,100 115,100 BAXTER INTERNATIONAL Common Stock 07181310 326,593,484 5,932,670 5,932,670 5,932,670 BE AEROSPACE INC Common Stock 07330210 1,407,520 185,200 185,200 185,200 BEAS SYSTEMS CONV REG Conv Bond P2 073325AD 5,110,000 7,000,000 7,000,000 7,000,000 BECTON DICKINSON Common Stock 07588710 14,014,675 378,775 378,775 378,775 BED BATH & BEYOND INC Common Stock 07589610 196,635,218 7,723,300 7,723,300 7,723,300 BELLSOUTH Common Stock 07986010 9,429,773 226,950 226,950 226,950 BERKLEY (WR) GROUP Common Stock 08442310 1,579,200 32,900 32,900 32,900 BEST BUY COMPANY INC Common Stock 08651610 56,857,496 1,250,990 1,250,990 1,250,990 BEVERLY ENTERPRISES Common Stock 08785130 5,781,360 566,800 566,800 566,800 BIOMET INC Common Stock 09061310 4,498,650 153,800 153,800 153,800 BLACKROCK INC Common Stock 09247X10 6,911,586 156,300 156,300 156,300 BOOKHAM TECHNOLOGY - SPON ADR Common Stock 09856Q10 328,960 257,000 257,000 257,000 BOSTON COMMUNICATIONS GROUP Common Stock 10058210 5,247,200 468,500 468,500 468,500 BOSTON SCIENTIFIC CORP Common Stock 10113710 8,279,950 403,900 403,900 403,900 BRISTOL-MYERS SQUIBB Common Stock 11012210 135,676,131 2,441,975 2,441,975 2,441,975 BROOKS AUTOMAT CNV BND Conv Bond P2 11434AAB 4,557,000 6,200,000 6,200,000 6,200,000 BURLINGTON NORTHERN SANTA FE Common Stock 12189T10 32,487,875 1,214,500 1,214,500 1,214,500 BURLINGTON RES INC Common Stock 12201410 15,972,649 466,900 466,900 466,900 CEC ENTERTAINMENT INC Common Stock 12513710 4,531,890 132,900 132,900 132,900 C.H. ROBINSON WORLDWIDE INC Common Stock 12541W10 7,581,728 261,800 261,800 261,800 CNA SURETY CORPORATION Common Stock 12612L10 200,540 14,800 14,800 14,800 CSX CORP Common Stock 12640810 800,100 25,400 25,400 25,400 CVS CORPORATION Common Stock 12665010 21,214,800 639,000 639,000 639,000 ---------- ----------- ------------- COLUMN TOTALS 886,037,638 36,661,160 36,661,160 36,661,160 * ITEM 7: MANAGERS - 1 PAGE 5 OF 01-11-2002 FORM 13F PAGE 4 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 12/31/2001 -------------------------------------------------------------------------------------------------------------------------------- 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 DISCRETION MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) A) (B) (C) -------------------------------------------------------------------------------------------------------------------------------- CV THERAPEUTICS INC Common Stock 12666710 2,591,962 66,700 66,700 66,700 CABOT MICROELECTRONICS CORP Common Stock 12709P10 2,753,704 98,400 98,400 98,400 CACI INTERTNATIONAL INC CLA Common Stock 12719030 4,432,926 81,100 81,100 81,100 CALLAWAY GOLF CO Common Stock 13119310 1,070,080 83,600 83,600 83,600 CANADIAN NATL RAILWAY CNVPFD Conv Prfd Stock13637540 6,321,684 116,400 116,400 116,400 CANON INC - SP ADR Common Stock 13800630 2,005,779 74,014 74,014 74,014 MERISTAR HOSPITALITY COR CNV Conv Bond P2 140918AC 13,040,212 15,606,000 15,606,000 15,606,000 CARDINAL HEALTH INC Common Stock 14149Y10 169,568,829 2,293,020 2,293,020 2,293,020 CAREMARK RX INC Common Stock 14170510 2,757,204 165,300 165,300 165,300 CELL THERAPEUTIC INC CNV BD 14 Conv Bond P2 150934AA 5,037,500 5,000,000 5,000,000 5,000,000 CENDANT CORPORATION Common Stock 15131310 32,624,256 2,548,770 2,548,770 2,548,770 CENTURYTEL INC Common Stock 15670010 13,874,863 414,175 414,175 414,175 CEPHALON INC Common Stock 15670810 1,007,576 20,200 20,200 20,200 CERTICOM CORP Common Stock 15691510 26,250 15,000 15,000 15,000 CHARLES RIVER LABORATORIES Common Stock 15986410 6,971,427 197,100 197,100 197,100 CHARTER COMMUNICATIONS INC-A Common Stock 16117M10 5,843,793 472,035 472,035 472,035 CHARTER COMM INC CONV BND Conv Bond P2 16117MAC 9,165,000 12,000,000 12,000,000 12,000,000 THE CHEESECAKE FACTORY Common Stock 16307210 4,811,555 200,900 200,900 200,900 CHUBB CORP Common Stock 17123210 37,334,933 522,825 522,825 522,825 CIENA CORP CONV BOND Conv Bond P2 171779AA 21,963,456 35,985,000 35,985,000 35,985,000 CIRRUS LOGIC INC Common Stock 17275510 1,009,862 136,100 136,100 136,100 CISCO SYS INC Common Stock 17275R10 138,066,463 11,335,506 11,335,506 11,335,506 CITIGROUP INC Common Stock 17296710 408,546,018 10,087,556 10,087,556 10,087,556 CITIZENS COMMUNICATIONS CO Common Stock 17453B10 545,200 58,000 58,000 58,000 CLEAR CHANNEL COMMUNICATIONS Common Stock 18450210 147,473,534 3,710,026 3,710,026 3,710,026 CLOROX Common Stock 18905410 20,831,925 563,025 563,025 563,025 -------------- ------------- -------------- -------------- COLUMN TOTALS 1,061,675,991 101,850,752 101,850,752 101,850,752 * ITEM 7: MANAGERS - 1 PAGE 6 OF 01-11-2002 FORM 13F PAGE 5 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 12/31/2001 -------------------------------------------------------------------------------------------------------------------------------- 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 DISCRETION MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) A) (B) (C) -------------------------------------------------------------------------------------------------------------------------------- COACH INC Common Stock 18975410 4,535,861 171,100 171,100 171,100 COLGATE PALMOLIVE CO Common Stock 19416210 217,314,440 3,730,720 3,730,720 3,730,720 COMERICA INC Common Stock 20034010 855,930 15,450 15,450 15,450 COMPUTER SCIENCES CORP Common Stock 20536310 36,224,957 1,092,100 1,092,100 1,092,100 COMVERSE TECHNOLOGY Conv Bond P2 205862AJ 29,532,537 40,125,000 40,125,000 40,125,000 CONCORD EFS INC Common Stock 20619710 1,600,665 32,700 32,700 32,700 CONSTELLATION BRANDS INC-A Common Stock 21036P10 7,340,492 176,200 176,200 176,200 CONSTELLATION ENERGY GROUP Common Stock 21037110 447,700 18,500 18,500 18,500 COOPER CAMERON CORP Conv Bond P2 216640AB 4,688,750 5,500,000 5,500,000 5,500,000 COOPER COMPANIES INC Common Stock 21664840 3,343,970 71,300 71,300 71,300 CORR THERAPEUTICS CONV BD Conv Bond P2 217753AD 1,523,625 1,700,000 1,700,000 1,700,000 CORINTHIAN COLLEGES INC Common Stock 21886810 3,630,567 107,700 107,700 107,700 CORNING Common Stock 21935010 501,858 56,900 56,900 56,900 CORPORATE EXECUTIVE BOARD CO Common Stock 21988R10 4,605,728 176,600 176,600 176,600 COST PLUS INC Common Stock 22148510 4,189,752 228,200 228,200 228,200 COSTCO WHOLESALE CORP Common Stock 22160K10 22,295,053 626,970 626,970 626,970 CROMPTON CORPORATION Common Stock 22711610 1,972,278 284,600 284,600 284,600 CUBIST PHARMACEUTICALS INC Common Stock 22967810 3,142,643 95,900 95,900 95,900 CUMMINS, INC Common Stock 23102110 1,155,000 35,000 35,000 35,000 CURAGEN CORP CONV BND Conv Bond P2 23126RAC 19,279,248 25,235,000 25,235,000 25,235,000 CYPRESS SEMICONDUCTOR CORP Common Stock 23280610 1,214,062 81,700 81,700 81,700 CYPRESS SEMICONDUCTOR CNV Conv Bond P2 232806AE 5,883,450 7,320,000 7,320,000 7,320,000 D & K HEALTHCARE RESOURCES Common Stock 23286110 5,647,410 117,900 117,900 117,900 DDI CORP Common Stock 23316210 622,496 79,400 79,400 79,400 DST SYS INC Common Stock 23332610 2,335,500 54,000 54,000 54,000 DTE ENERGY COMPANY Common Stock 23333110 7,755,458 180,150 180,150 180,150 ------------ ------- ----------- ---------- COLUMN TOTALS 391,639,430 87,313,090 87,313,090 87,313,090 * ITEM 7: MANAGERS - 1 PAGE 7 OF FORM 13F PAGE 6 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 12/31/2001 -------------------------------------------------------------------------------------------------------------------------------- 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 DISCRETION MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) A) (B) (C) -------------------------------------------------------------------------------------------------------------------------------- DANAHER CORP Common Stock 23585110 5,260,570 111,500 111,500 111,500 DELPHI AUTOMOTIVE SYSTEMS Common Stock 24712610 142,175 12,100 12,100 12,100 DELTA AIR LINES Common Stock 24736110 11,142,856 423,200 423,200 423,200 DEVELOPERS DIVERS REALTY CORP Common Stock 25159110 2,028,350 113,000 113,000 113,000 DEVON ENERGY CORPORATION Common Stock 25179M10 1,720,000 50,000 50,000 50,000 DIAGNOSTIC PRODS CORP Common Stock 25245010 1,811,238 42,900 42,900 42,900 DIAMOND OFFSHORE DRILLING IN Common Stock 25271C10 1,306,396 51,800 51,800 51,800 DIAMOND OFFSHORE DRILL REG Conv Bond P2 25271CAE 2,966,250 3,500,000 3,500,000 3,500,000 DIANON SYSTEMS INC Common Stock 25282610 3,775,040 75,200 75,200 75,200 DIGENE CORP Common Stock 25375210 3,200,000 128,000 128,000 128,000 DIGITAL LIGHTWAVE INC Common Stock 25385510 1,640,232 167,200 167,200 167,200 DOLLAR TREE STORES INC Common Stock 25674710 775,435 41,050 41,050 41,050 DORAL FINANCIAL CORP Common Stock 25811P10 6,316,640 162,800 162,800 162,800 DUKE ENERGY CORP Common Stock 26439910 950,035 25,100 25,100 25,100 E M C CORP MASS Common Stock 26864810 54,159,334 4,609,305 4,609,305 4,609,305 ENSCO INTL INC Common Stock 26874Q10 812,872 55,600 55,600 55,600 EOG RESOURCES INC Common Stock 26875P10 1,446,500 50,000 50,000 50,000 ECHOSTAR COMM CONV BND 144A Conv Bond P2 278762AE 3,390,000 4,000,000 4,000,000 4,000,000 EDISON SCHOOLS INC Common Stock 28103310 3,909,390 258,900 258,900 258,900 EL PASO CORPORATION Common Stock 28336L10 70,275,094 1,691,338 1,691,338 1,691,338 EL PASO ENER CAP TR CNVPFD Conv Prfd Stock28367820 5,021,491 91,700 91,700 91,700 ELAN PLC Common Stock 28413120 43,734,119 902,665 902,665 902,665 ELECTRONIC DATA SYSTEMS CORP Common Stock 28566110 145,156,877 2,520,960 2,520,960 2,520,960 ELECTRONIC BOUTIQUE HLDGS Common Stock 28604510 2,428,195 90,100 90,100 90,100 EMCORE CORP Common Stock 29084610 2,088,640 244,000 244,000 244,000 EMCORE CORP CNV BND Conv Bond P2 290846AB 2,661,188 4,150,000 4,150,000 4,150,000 -------------- ------------- ------------ --------- COLUMN TOTALS 78,118,915 23,568,418 23,568,418 23,568,418 * ITEM 7: MANAGERS - 1 PAGE 8 OF 01-11-2002 FORM 13F PAGE 7 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 12/31/2001 -------------------------------------------------------------------------------------------------------------------------------- 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 DISCRETION MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) A) (B) (C) -------------------------------------------------------------------------------------------------------------------------------- EMMIS COMMUNICATIONS -CL A Common Stock 29152510 2,268,266 157,300 157,300 157,300 EMMIS COMM CORP CNVPFD Conv Prfd Stock29152520 3,651,250 127,000 127,000 127,000 ENERGY EAST CORPORATION Common Stock 29266M10 8,033,945 399,500 399,500 399,500 ENERGIZER HOLDINGS INC Common Stock 29266R10 1,168,934 70,333 70,333 70,333 ENRON Common Stock 29356110 797,839 29,300 29,300 29,300 ENTERGY Common Stock 29364G10 718,312 20,200 20,200 20,200 EQUITABLE RES INC Common Stock 29454910 5,206,735 173,500 173,500 173,500 ERICSSON L M TEL CO Common Stock 29482140 1,047,000 300,000 300,000 300,000 EXXON MOBIL CORPORATION Common Stock 30231G10 84,725,130 2,150,384 2,150,384 2,150,384 FEI COMPANY Common Stock 30241L10 3,734,475 171,700 171,700 171,700 FANNIE MAE Common Stock 31358610 216,716,015 2,706,920 2,706,920 2,706,920 FEDERATED DEPT STORES Common Stock 31410H10 2,523,900 89,500 89,500 89,500 FEDEX CORPORATION Common Stock 31428X10 1,069,425 29,100 29,100 29,100 FELCOR LODGING TRUST INC Common Stock 31430F10 4,707,500 350,000 350,000 350,000 FELCOR LODGING CONV PRFD 144A Conv Prfd Stock31430F20 440,640 24,000 24,000 24,000 FISERV INC Common Stock 33773810 4,907,700 143,500 143,500 143,500 FIRSTENERGY CORO Common Stock 33793210 56,370,499 1,568,025 1,568,025 1,568,025 FLEET BOSTON FINANCIAL CORP Common Stock 33903010 181,308,734 4,933,571 4,933,571 4,933,571 FORTUNE BRANDS INC Common Stock 34963110 3,172,450 94,700 94,700 94,700 FRANKLIN RESOURCES INC 144A Conv Bond P2 354613AA 7,332,250 13,900,000 13,900,000 13,900,000 GALLAGHER (ARTHUR J.) & CO Common Stock 36357610 6,939,250 205,000 205,000 205,000 GATEWAY INC Common Stock 36762610 15,533,999 2,850,275 2,850,275 2,850,275 GENERAL DYNAMICS Common Stock 36955010 44,301,312 501,600 501,600 501,600 GENERAL ELEC CO Common Stock 36960410 346,198,229 9,306,404 9,306,404 9,306,404 GETTY IMAGES INC CONV BOND Conv Bond P2 374276AE 2,807,250 3,800,000 3,800,000 3,800,000 GLENBOROUGH REALTY CNVPFD A Conv Prfd Stock37803P20 1,251,250 65,000 65,000 65,000 ---------- ---------- ------------ ----------- COLUMN TOTALS 1,006,932,289 44,166,812 44,166,812 44,166,812 * ITEM 7: MANAGERS - 1 PAGE 9 OF 01-11-2002 FORM 13F PAGE 8 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 12/31/2001 -------------------------------------------------------------------------------------------------------------------------------- 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 DISCRETION MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) A) (B) (C) -------------------------------------------------------------------------------------------------------------------------------- GLOBAL POWER EQUIPMENT GROUP Common Stock 37941P10 466,640 30,700 30,700 30,700 GLOBESPAN INC Conv Bond P2 379571AB 4,142,250 6,300,000 6,300,000 6,300,000 GOLDEN WEST FINANCIAL Common Stock 38131710 766,920 13,200 13,200 13,200 GOLDMAN SACHS GROUP INC Common Stock 38141G10 33,734,280 472,800 472,800 472,800 GRANT PRIDECO Common Stock 38821G10 1,552,950 255,000 255,000 255,000 GTECH HOLDINGS CORP Common Stock 40051810 5,633,474 163,100 163,100 163,100 HCA INC Common Stock 40411910 145,112,591 3,274,940 3,274,940 3,274,940 HANOVER COMPRESSOR CO Common Stock 41076810 1,330,860 61,500 61,500 61,500 HARLEY DAVIDSON INC Common Stock 41282210 317,582,370 7,841,540 7,841,540 7,841,540 HARTFORD FINANCIAL SVSC GROUP Common Stock 41651510 49,912,847 849,725 849,725 849,725 HEALTH CARE PPTYS INVEST INC Common Stock 42191510 1,687,955 43,900 43,900 43,900 HEALTH MGMT ASSOC INC NE CLS A Common Stock 42193310 3,655,836 176,100 176,100 176,100 HEALTH MANAGEMENT CV Conv Bond P2 421933AB 9,673,425 13,770,000 13,770,000 13,770,000 HEALTHCARE REALTY TRUST INC Common Stock 42194610 1,634,550 64,100 64,100 64,100 HEINZ (H.J) Common Stock 42307410 39,449,239 935,925 935,925 935,925 HIGHWOODS PROPERTIES INC Common Stock 43128410 3,984,750 161,000 161,000 161,000 HOME DEPOT INC Common Stock 43707610 136,655,369 3,561,516 3,561,516 3,561,516 HOUSEHOLD INTL INC Common Stock 44181510 253,554,109 4,497,235 4,497,235 4,497,235 HUMAN GENOME CONV BND REG Conv Bond P2 444903AH 2,695,000 3,920,000 3,920,000 3,920,000 ICU MEDICAL INC Common Stock 44930G10 3,828,000 95,700 95,700 95,700 IXIA Common Stock 45071R10 1,595,120 251,200 251,200 251,200 IDEXX LABORATORIES INC Common Stock 45168D10 1,383,504 59,200 59,200 59,200 ILLINOIS TOOL WORKS Common Stock 45230810 79,339,329 1,466,260 1,466,260 1,466,260 IMCLONE SYSTEMS Common Stock 45245W10 1,408,095 24,900 24,900 24,900 INCYTE GENOMICS INC CNV BND Conv Bond P2 45337CAC 9,329,110 12,192,000 12,192,000 12,192,000 INFOSYS TECHNOLOGIES-SP ADR Foreign Stock 45678810 1,115,730 33,000 33,000 33,000 -------------- --------- -------------- -------------- COLUMN TOTALS 1,111,224,303 60,514,541 60,514,541 60,514,541 * ITEM 7: MANAGERS - 1 PAGE 10 OF 01-11-2002 FORM 13F PAGE 9 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 12/31/2001 -------------------------------------------------------------------------------------------------------------------------------- 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 DISCRETION MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) A) (B) (C) -------------------------------------------------------------------------------------------------------------------------------- INGERSOLL-RAND Common Stock 45686610 46,622,706 1,379,370 1,379,370 1,379,370 INTEGRA LIFESCIENCES HOLDING Common Stock 45798520 2,684,664 97,200 97,200 97,200 INTEGRATED DEVICE TECHNOLOGY Common Stock 45811810 1,927,496 95,800 95,800 95,800 INTEGRATED CIRCUIT SYSTEMS Common Stock 45811K20 5,276,862 412,900 412,900 412,900 INTERGRATED SILICON SOLUTIONS Common Stock 45812P10 3,243,584 377,600 377,600 377,600 INTEL CORP Common Stock 45814010 114,202,981 5,587,230 5,587,230 5,587,230 INTERLIANT CONV BOND 144A Conv Bond P2 458742AB 165,000 1,000,000 1,000,000 1,000,000 INTERMUNE INC Common Stock 45884X10 3,714,075 97,100 97,100 97,100 IBM Common Stock 45920010 61,009,851 665,175 665,175 665,175 INTERNATIONAL GAME TECHN Common Stock 45990210 463,250 10,900 10,900 10,900 INTERNATIONAL PAPER CO Common Stock 46014610 72,771,179 2,088,725 2,088,725 2,088,725 INTERNET CAPITAL GROUP CNV Conv Bond P2 46059CAA 13,214,245 60,290,000 60,290,000 60,290,000 INTRADO INC. Common Stock 46117A10 5,650,332 220,200 220,200 220,200 INVITROGEN CORP Common Stock 46185R10 7,288,838 110,840 110,840 110,840 INVESTORS FINANCIAL SVCS CP Common Stock 46191510 3,533,332 61,300 61,300 61,300 I2 TECHNOLOGIES CONV BOND Conv Bond P2 465754AF 674,625 1,050,000 1,050,000 1,050,000 IVAX CORP Common Stock 46582310 75,765,886 3,417,496 3,417,496 3,417,496 JP MORGAN CHASE & CO Common Stock 46625H10 71,568,155 2,095,700 2,095,700 2,095,700 JABIL CIRCUIT INC Common Stock 46631310 671,250 37,500 37,500 37,500 JOY GLOBAL INC-INCOMPLETE REOR Common Stock 48116510 15,968,472 1,075,318 1,075,318 1,075,318 JUNIPER NETWORKS CONV BOND REG Conv Bond P2 48203RAA 34,415,271 55,105,000 55,105,000 55,105,000 KB HOME Common Stock 48666K10 1,298,337 45,700 45,700 45,700 KEYCORP INC Common Stock 49326710 759,203 31,450 31,450 31,450 KIMBERLY-CLARK CORP Common Stock 49436810 202,330,490 3,263,395 3,263,395 3,263,395 KING PHARMACEUTICALS INC Common Stock 49558210 64,153,170 1,529,277 1,529,277 1,529,277 KOHLS CORP Common Stock 50025510 258,479,760 5,384,995 5,384,995 5,384,995 -------------- ------------- -------------- -------- COLUMN TOTALS 1,067,853,015 145,530,171 145,530,171 145,530,171 * ITEM 7: MANAGERS - 1 PAGE 11 OF 01-11-2002 FORM 13F PAGE 10 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 12/31/2001 -------------------------------------------------------------------------------------------------------------------------------- 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 DISCRETION MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) A) (B) (C) -------------------------------------------------------------------------------------------------------------------------------- KOS PHARMACEUTICALS INC Common Stock 50064810 3,099,705 111,300 111,300 111,300 KRAFT FOOD INC-A Common Stock 50075N10 47,517,384 1,382,525 1,382,525 1,382,525 KROGER CO Common Stock 50104410 7,589,120 308,000 308,000 308,000 KULICKE & SOFFA IND CNV Conv Bond P2 501242AE 3,326,375 4,450,000 4,450,000 4,450,000 LSI LOGIN CORP Common Stock 50216110 1,552,175 132,100 132,100 132,100 LSI LOGIC CORP CONV BOND Conv Bond P2 502161AE 55,745,240 67,615,000 67,615,000 67,615,000 L-3 COMMUNICATIONS HLDGS INC Common Stock 50242410 2,859,615 32,700 32,700 32,700 LABORATORY CORP OF AMERICA HLD Common Stock 50540R40 3,864,630 47,800 47,800 47,800 LABORATORY CP CONV BND 144A Conv Bond P2 50540RAB 10,537,500 15,000,000 15,000,000 15,000,000 LAMAR ADVERTISING CONV BOND Conv Bond P2 512815AF 5,893,450 6,220,000 6,220,000 6,220,000 LATTICE SEMICONDUCTOR CORP Common Stock 51841510 1,949,940 124,200 124,200 124,200 LATTICE SEMICONDUCTOR CNV Conv Bond P2 518415AC 2,037,500 2,000,000 2,000,000 2,000,000 LEGG MASON INC Common Stock 52490110 2,274,272 57,200 57,200 57,200 LEHMAN BROTHERS HOLDINGS INC Common Stock 52490810 1,841,940 32,400 32,400 32,400 LENNAR CORP Common Stock 52605710 522,580 14,500 14,500 14,500 LIMITED INC Common Stock 53271610 1,457,300 153,400 153,400 153,400 LINCARE HOLDINGS INC Common Stock 53279110 2,279,706 85,800 85,800 85,800 LINCOLN NATIONAL CORP Common Stock 53418710 46,299,393 992,910 992,910 992,910 LINENS 'N THINGS INC Common Stock 53567910 3,684,414 198,300 198,300 198,300 LOWES COS INC Common Stock 54866110 66,299,154 2,094,760 2,094,760 2,094,760 M & T BANK CORPORATION Common Stock 55261F10 2,237,020 30,230 30,230 30,230 MBNA CORP Common Stock 55262L10 86,223,817 2,846,610 2,846,610 2,846,610 MITSUBISHI BANK CVB Conv Bond P2 55262XAA 8,804,688 8,750,000 8,750,000 8,750,000 MDC HOLDINGS INC Common Stock 55267610 357,588 12,900 12,900 12,900 MACROVISION CORP Common Stock 55590410 3,758,643 132,300 132,300 132,300 MANHATTAN ASSOCIATES INC Common Stock 56275010 4,521,536 266,600 266,600 266,600 -------------- ------------- -------------- -------------- COLUMN TOTALS 376,534,685 113,091,535 113,091,535 113,091,535 * ITEM 7: MANAGERS - 1 PAGE 12 OF 01-11-2002 FORM 13F PAGE 11 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 12/31/2001 -------------------------------------------------------------------------------------------------------------------------------- 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 DISCRETION MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) A) (B) (C) -------------------------------------------------------------------------------------------------------------------------------- MANUGISTICS GROUP INC Common Stock 56501110 1,471,296 252,800 252,800 252,800 MANUGISTICS GP CONV BD Conv Bond P2 565011AB 1,126,125 1,980,000 1,980,000 1,980,000 MARSH & MCLENNAN COS Common Stock 57174810 151,068,608 1,562,240 1,562,240 1,562,240 MARTHA STEWART LIVING -CL A Common Stock 57308310 3,863,570 259,300 259,300 259,300 MATTEL INC Common Stock 57708110 3,014,237 192,480 192,480 192,480 MAXIMUS INC Common Stock 57793310 8,561,815 215,500 215,500 215,500 MCDONALD'S CORP Common Stock 58013510 79,249,479 2,920,025 2,920,025 2,920,025 MEDAREX INC CONV BOND Conv Bond P2 583916AA 3,768,750 4,500,000 4,500,000 4,500,000 MEDIACOM COMMUNICATIONS CVB Conv Bond P2 58446KAA 9,362,500 10,000,000 10,000,000 10,000,000 MEDICIS PHARMACEUTICALS-CL A Common Stock 58469030 1,904,238 38,100 38,100 38,100 MEDIMMUNE INC Common Stock 58469910 2,995,414 84,070 84,070 84,070 MEDTRONIC INC Common Stock 58505510 213,879,278 4,916,765 4,916,765 4,916,765 MEDTRONIC INC CONV BND 144A Conv Bond P2 585055AA 5,262,500 5,000,000 5,000,000 5,000,000 MELLON FINANCIAL CORP Common Stock 58551A10 43,587,306 1,348,200 1,348,200 1,348,200 MERCK & CO INC Common Stock 58933110 100,608,624 1,510,640 1,510,640 1,510,640 MERCURY INTERACTIVE CORP CONV Conv Bond P2 589405AB 2,405,125 3,550,000 3,550,000 3,550,000 MERITAGE CORPORATION Common Stock 59001A10 325,600 8,800 8,800 8,800 MERIX CORP Common Stock 59004910 2,483,338 176,750 176,750 176,750 MERRILL LYNCH Common Stock 59018810 14,449,540 355,900 355,900 355,900 MERRILL LYNCH & CO CONV BOND Conv Bond P1 590188A6 4,750,000 10,000,000 10,000,000 10,000,000 METRO ONE TELECOMMUNICATIONS Common Stock 59163F10 5,199,120 224,100 224,100 224,100 METTLER-TOLEDO INTERNATIONAL Common Stock 59268810 11,158,672 264,800 264,800 264,800 MICHAELS STORES INC Common Stock 59408710 4,202,100 115,000 115,000 115,000 MICROSOFT CORP Common Stock 59491810 248,750,316 4,861,253 4,861,253 4,861,253 MICROTUNE INC Common Stock 59514P10 2,462,400 216,000 216,000 216,000 MILLENNIUM PHARMACEUTICALS Common Stock 59990210 232,656 13,100 13,100 13,100 -------------- ------------- -------------- -------------- COLUMN TOTALS 926,142,605 54,565,823 54,565,823 54,565,823 * ITEM 7: MANAGERS - 1 PAGE 13 OF 01-11-2002 FORM 13F PAGE 12 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 12/31/2001 -------------------------------------------------------------------------------------------------------------------------------- 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 DISCRETION MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) A) (B) (C) -------------------------------------------------------------------------------------------------------------------------------- MIRANT CORP Common Stock 60467510 819,060 37,400 37,400 37,400 MORGAN STANLEY DEAN WITTER & C Common Stock 61744644 7,338,364 158,325 158,325 158,325 MOTOROLA INC Common Stock 62007610 34,451,430 2,208,425 2,208,425 2,208,425 MYRIAD GENETICS INC Common Stock 62855J10 2,818,880 92,000 92,000 92,000 NASDAQ-100 SHARES Common Stock 63110010 4,909,212 169,400 169,400 169,400 NATIONAL CITY CORP Common Stock 63540510 946,420 31,600 31,600 31,600 NATIONAL PROCESSING INC Common Stock 63722910 898,800 32,100 32,100 32,100 NATIONWIDE HEALTH PPTYS INC Common Stock 63862010 1,310,655 66,700 66,700 66,700 NAVISTAR INTERNATIONAL Common Stock 63934E10 2,378,650 84,200 84,200 84,200 NETEGRITY INC Common Stock 64110P10 1,150,094 134,200 134,200 134,200 NETWORK PLUS CORP Common Stock 64122D50 114,607 113,472 113,472 113,472 NETWORK PLUS CNVPFD Conv Prfd Stock64122D60 588,000 112,000 112,000 112,000 NEW YORK COMMUNITY BANCORP Common Stock 64944510 3,074,165 132,450 132,450 132,450 NIAGARA MOHAWK HOLDINGS INC Common Stock 65352010 7,667,895 451,850 451,850 451,850 NOKIA CORP ADR Common Stock 65490220 3,127,840 199,862 199,862 199,862 NORTEL NETWORKS CORP Common Stock 65656810 98,175 17,500 17,500 17,500 NORTEL NETWORKS CORP 144A Conv Bond P2 656568AA 9,765,438 11,050,000 11,050,000 11,050,000 NVIDIA CORP Common Stock 67066G10 2,057,503 74,900 74,900 74,900 OMNICOM GROUP INC Common Stock 68191910 185,509,836 2,858,395 2,858,395 2,858,395 ONI SYSTEMS CORP CNV BD Conv Bond P2 68273FAA 14,369,856 22,545,000 22,545,000 22,545,000 ORACLE CORPORATION Common Stock 68389X10 158,156,351 12,572,047 12,572,047 12,572,047 ORION POWER HOLDINGS Common Stock 68628610 2,116,500 83,000 83,000 83,000 ORTHODONTIC CENTERS OF AMERICA Common Stock 68750P10 3,337,610 135,400 135,400 135,400 PDF SOLUTIONS INC Common Stock 69328210 4,502,825 439,300 439,300 439,300 PG & E CORPORATION Common Stock 69331C10 2,357,520 155,100 155,100 155,100 P.F. CHANGS CHINA BISTRO INC Common Stock 69333Y10 3,340,560 93,000 93,000 93,000 ------------ ------------ ---------- --------- COLUMN TOTALS 457,206,244 54,047,626 54,047,626 54,047,626 * ITEM 7: MANAGERS - 1 PAGE 14 OF 01-11-2002 FORM 13F PAGE 13 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 12/31/2001 -------------------------------------------------------------------------------------------------------------------------------- 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 DISCRETION MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) A) (B) (C) -------------------------------------------------------------------------------------------------------------------------------- PNC FINANCIAL SERVICES GROUP Common Stock 69347510 55,991,931 978,025 978,025 978,025 PATTERSON DENTAL COMPANY Common Stock 70341210 9,767,900 265,000 265,000 265,000 PAYLESS SHOESOURCE INC Common Stock 70437910 1,041,200 19,000 19,000 19,000 PEREGRINE SYSTEMS INC CVB Conv Bond P2 71366QAC 2,512,475 2,930,000 2,930,000 2,930,000 PERFORMANCE FOOD GROUP CP Common Stock 71375510 8,088,255 283,500 283,500 283,500 PERKINELMER INC Common Stock 71404610 2,030,976 77,400 77,400 77,400 PFIZER INC Common Stock 71708110 360,750,828 8,996,280 8,996,280 8,996,280 PHELPS DODGE Common Stock 71726510 9,265,438 336,925 336,925 336,925 PHILIP MORRIS COS INC Common Stock 71815410 41,004,246 849,125 849,125 849,125 PHILLIPS PETROLEUM Common Stock 71850710 85,116,511 1,577,985 1,577,985 1,577,985 PHOENIX COMPANIES INC Common Stock 71902E10 4,255,525 294,500 294,500 294,500 PHOTOTRONICS INC Common Stock 71940510 3,503,655 189,900 189,900 189,900 PINNACLE ENTERTAINMENT INC Common Stock 72345610 6,587,037 1,107,065 1,107,065 1,107,065 PITNEY BOWES INC Common Stock 72447910 10,046,600 263,000 263,000 263,000 PLACER DOME Common Stock 72590610 10,580,080 827,215 827,215 827,215 PLEXUS CORP Common Stock 72913210 5,102,712 216,400 216,400 216,400 POLYONE CORPORATION Common Stock 73179P10 1,762,020 225,900 225,900 225,900 PORTAL SOFTWARE Common Stock 73612610 40,528 27,200 27,200 27,200 POWERWAVE TECHNOLOGIES INC Common Stock 73936310 596,000 50,000 50,000 50,000 PROCTER & GAMBLE Common Stock 74271810 63,409,189 871,125 871,125 871,125 PROFIT RECOVERY GROUP INTL Common Stock 74316810 4,011,756 410,200 410,200 410,200 PROTEIN DESIGN LABS INC Common Stock 74369L10 4,038,165 85,500 85,500 85,500 PROTON ENERGY SYSTEMS Common Stock 74371K10 793,164 168,400 168,400 168,400 PROVINCE HEALTHCARE CO Common Stock 74397710 10,790,538 293,700 293,700 293,700 PROVINCE HEALTHCARE CO Conv Bond P2 743977AC 8,662,500 7,500,000 7,500,000 7,500,000 QUANTUM CORP CONV BOND Conv Bond P2 747906AC 7,166,163 7,340,000 7,340,000 7,340,000 ---------- ------------ -------------- ------------- COLUMN TOTALS 716,915,391 36,183,345 36,183,345 36,183,345 * ITEM 7: MANAGERS - 1 PAGE 15 OF 01-11-2002 FORM 13F PAGE 14 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 12/31/2001 -------------------------------------------------------------------------------------------------------------------------------- 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 DISCRETION MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) A) (B) (C) -------------------------------------------------------------------------------------------------------------------------------- QUEST DIAGNOSTICS INC Common Stock 74834L10 1,906,530 30,900 30,900 30,900 RPM INC OHIO Common Stock 74968510 2,334,887 247,078 247,078 247,078 RADIANT SYSTEMS INC Common Stock 75025N10 3,581,220 351,100 351,100 351,100 RATIONAL SOFTWARE CORP Common Stock 75409P20 751,688 86,800 86,800 86,800 RATIONAL SOFTWARE CORP CNV REG Conv Bond P2 75409PAC 3,557,400 4,840,000 4,840,000 4,840,000 RAYTHEON COMPANY Common Stock 75511150 63,410,931 1,824,775 1,824,775 1,824,775 REDBACK NETWORKS Conv Bond P2 757209AB 1,470,000 4,000,000 4,000,000 4,000,000 REHABCARE GROUP INC Common Stock 75914810 7,805,694 179,400 179,400 179,400 RELIANT RESOURCES INC Common Stock 75952B10 1,198,800 74,000 74,000 74,000 REPUBLIC SERVICES INC CLASS A Common Stock 76075910 236,520 14,600 14,600 14,600 RESPIRONICS INC Common Stock 76123010 5,838,952 164,200 164,200 164,200 ROCKWELL COLLINS Common Stock 77434110 14,471,220 1,019,100 1,019,100 1,019,100 ROSYLN BANCORP INC Common Stock 77816210 2,964,377 160,150 160,150 160,150 RUDOLPH TECHNOLOGIES INC Common Stock 78127010 4,490,586 182,100 182,100 182,100 SBC COMMUNICATIONS (SOUTHWESTE Common Stock 78387G10 81,116,609 1,721,490 1,721,490 1,721,490 SCI SYSTEMS INC CONV BOND Conv Bond P2 783890AF 1,472,500 2,000,000 2,000,000 2,000,000 SEI CORPORATION Common Stock 78411710 2,566,400 80,200 80,200 80,200 S & P 500 DEPOSITORY RECEIPT Common Stock 78462F10 15,582,448 149,200 149,200 149,200 SPX CORP CNV BND Conv Bond P2 784635AD 10,155,375 17,700,000 17,700,000 17,700,000 SAFEGUARD SCIENTIFIC CONV BD Conv Bond P2 786449AE 258,750 500,000 500,000 500,000 SAFEWAY INC Common Stock 78651420 78,144,334 1,967,380 1,967,380 1,967,380 ST JUDE MEDICAL INC Common Stock 79084910 2,491,580 36,400 36,400 36,400 SEARS ROEBUCK & CO Common Stock 81238710 68,348,011 1,973,095 1,973,095 1,973,095 SHAW GROUP INC CV BOND Conv Bond P1 820280AC 1,445,763 2,665,000 2,665,000 2,665,000 SIEBEL SYSTEMS CNV Conv Bond P2 826170AC 404,006 435,000 435,000 435,000 SIERRA PACIFIC RESOURCES Common Stock 82642810 158,550 10,500 10,500 10,500 -------------- ------------- -------------- -------------- COLUMN TOTALS 376,163,130 42,412,468 42,412,468 42,412,468 * ITEM 7: MANAGERS - 1 PAGE 16 OF 01-11-2002 FORM 13F PAGE 15 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 12/31/2001 -------------------------------------------------------------------------------------------------------------------------------- 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 DISCRETION MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) A) (B) (C) -------------------------------------------------------------------------------------------------------------------------------- SIMPLEX SOLUTIONS INC Common Stock 82885410 4,610,088 304,900 304,900 304,900 SKILLSOFT CORPORATION Common Stock 83066P10 1,978,324 123,800 123,800 123,800 SMARTFORCE PLC - ADR Common Stock 83170A20 1,811,052 110,700 110,700 110,700 SMITH & WOLENSKY RESTAURANT Common Stock 83175810 1,693,090 505,400 505,400 505,400 SOLUTIA INC Common Stock 83437610 3,517,880 283,700 283,700 283,700 SONIC CORP Common Stock 83545110 4,065,912 134,100 134,100 134,100 SONICBLUE INC Common Stock 83546Q10 310,105 284,500 284,500 284,500 SPRINT CORP Common Stock 85206110 60,839,539 2,533,925 2,533,925 2,533,925 STARWOOD HOTELS & RESORTS Common Stock 85590A20 11,000,000 500,000 500,000 500,000 STILWELL FINANCIAL CNV BND Conv Bond P2 860831AC 7,360,375 10,100,000 10,100,000 10,100,000 STRATOS LIGHTWAVE INC Common Stock 86310010 1,493,850 433,000 433,000 433,000 SUN MICROSYSTEMS INC Common Stock 86681010 118,015,298 14,270,290 14,270,290 14,270,290 SUNOCO INC Common Stock 86764P10 1,875,052 52,670 52,670 52,670 SUNTRUST BANKS Common Stock 86791410 2,381,283 35,755 35,755 35,755 SYNPLICITY INC Common Stock 87160Y10 2,166,080 386,800 386,800 386,800 SYNOVUS FINL CORP Common Stock 87161C10 960,480 34,800 34,800 34,800 SYSCO Common Stock 87182910 62,118,899 2,432,220 2,432,220 2,432,220 TVX GOLD INC Common Stock 87308K20 6,934,715 14,152,479 14,152,479 14,152,479 TXU CORPORATION Common Stock 87316810 2,065,872 44,600 44,600 44,600 TALBOTS INC Common Stock 87416110 1,144,950 51,000 51,000 51,000 TARGET CORP Common Stock 87612E10 33,343,850 1,050,200 1,050,200 1,050,200 TECHNE CORP Common Stock 87837710 5,500,467 186,900 186,900 186,900 TEKELEC INC CONV BOND Conv Bond P2 879101AC 1,880,000 2,000,000 2,000,000 2,000,000 TELLABS INC Common Stock 87966410 11,294,075 1,143,125 1,143,125 1,143,125 TEMPLE INLAND INC Common Stock 87986810 11,031,927 232,300 232,300 232,300 TETRA TECH INC Common Stock 88162G10 687,001 31,086 31,086 31,086 -------------- ------------- -------------- --------- COLUMN TOTALS 360,080,164 51,418,250 51,418,250 51,418,250 * ITEM 7: MANAGERS - 1 PAGE 17 OF 01-11-2002 FORM 13F PAGE 16 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 12/31/2001 -------------------------------------------------------------------------------------------------------------------------------- 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 DISCRETION MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) A) (B) (C) -------------------------------------------------------------------------------------------------------------------------------- TEXAS INSTRS INC Common Stock 88250810 120,033,022 4,805,165 4,805,165 4,805,165 TEXTRON INC Common Stock 88320310 20,639,061 614,075 614,075 614,075 THORATEC CORPORATION Common Stock 88517530 2,345,372 141,800 141,800 141,800 TORO CO Common Stock 89109210 2,277,610 54,100 54,100 54,100 TOWER AUTOMOTIVE INC CNV Conv Bond P2 891707AE 1,975,000 2,500,000 2,500,000 2,500,000 TRICON GLOBAL RESTAURANTS Common Stock 89595310 1,961,000 50,000 50,000 50,000 TRIGON HEALTHCARE INC Common Stock 89618L10 2,325,250 35,500 35,500 35,500 TRIQUINT SEMICONDUCTOR INC Common Stock 89674K10 653,991 40,900 40,900 40,900 TRIQUENT SEMICONDUCTOR CONV BO Conv Bond P2 89674KAB 6,033,625 7,900,000 7,900,000 7,900,000 TWEETER HOME ENTERTAINMENT GRP Common Stock 90116710 3,891,492 285,300 285,300 285,300 TYCO INTL LTD Common Stock 90212410 375,886,238 8,261,236 8,261,236 8,261,236 TYCO INTL LTD REG Conv Bond P2 902124AC 18,704,250 24,450,000 24,450,000 24,450,000 UNITED AIR LINES Common Stock 90254950 350,592 19,200 19,200 19,200 UNISYS CORP Common Stock 90921410 21,614,278 2,495,875 2,495,875 2,495,875 UNITED TECHNOLOGIES CORP Common Stock 91301710 19,527,675 419,950 419,950 419,950 UNITEDGLOBALCOM INC - CL A Common Stock 91324750 134,254 57,868 57,868 57,868 UNITEDHEALTH GROUP Common Stock 91324P10 348,259,503 5,236,985 5,236,985 5,236,985 UNIVERSAL HEALTH SVCS INC CL B Common Stock 91390310 707,600 14,500 14,500 14,500 UNIVERSAL HEALTH SERV CNV Conv Bond P2 913903AL 9,224,250 14,700,000 14,700,000 14,700,000 UNOCAL CORP Common Stock 91528910 49,094,500 1,510,600 1,510,600 1,510,600 VERITY INC Common Stock 92343C10 1,981,620 196,200 196,200 196,200 VERIZON COMMUNICATIONS Common Stock 92343V10 103,784,874 1,918,035 1,918,035 1,918,035 VERIZON GLOBAL FDG CORP 144A Conv Bond P1 92343VAA 9,219,375 16,500,000 16,500,000 16,500,000 VERTEX PHARMACEUTICALS CVB Conv Bond P2 92532FAD 5,910,250 9,400,000 9,400,000 9,400,000 VIACOM INC-CL B Common Stock 92552430 153,379,031 4,445,769 4,445,769 4,445,769 VITESSE SEMICONDUCTOR CNV Conv Bond P2 928497AB 28,761,212 35,615,000 35,615,000 35,615,000 -------------- ------------ ------------ ---------- COLUMN TOTALS 1,308,674,922 141,668,058 141,668,058 141,668,058 * ITEM 7: MANAGERS - 1 PAGE 18 OF 01-11-2002 FORM 13F PAGE 17 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 12/31/2001 -------------------------------------------------------------------------------------------------------------------------------- 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 DISCRETION MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) A) (B) (C) -------------------------------------------------------------------------------------------------------------------------------- VITRIA TECHNOLOGY INC Common Stock 92849Q10 30,750 15,000 15,000 15,000 VIVENDI UNIVERSAL SP -ADR Common Stock 92851S20 4,455,858 96,135 96,135 96,135 WHX CORP CNVPFD B Conv Prfd Stock92924830 757,755 187,100 187,100 187,100 WASHINGTON MUTUAL SAVINGS BANK Common Stock 93932210 187,620,553 4,875,794 4,875,794 4,875,794 WASTE CONNECTIONS INC Common Stock 94105310 5,575,500 206,500 206,500 206,500 WASTE MANAGEMENT CNV Conv Bond P2 94106LAA 9,033,750 9,000,000 9,000,000 9,000,000 WATSON PHARMACEUTICALS INC Common Stock 94268310 3,796,874 69,400 69,400 69,400 WEATHERFORD INTL INC Conv Bond P2 947074AB 3,727,500 7,000,000 7,000,000 7,000,000 WELLPOINT HEALTH NETWORKS Common Stock 94973H10 851,370 7,800 7,800 7,800 WENDYS FINANCE I SERIES A Conv Prfd Stock95058820 3,068,912 56,300 56,300 56,300 WORLDCOM INC-WORLDCOM GROUP Common Stock 98157D10 66,644,120 4,431,125 4,431,125 4,431,125 ZIMMER HOLDINGS INC Common Stock 98956P10 7,553,661 272,204 272,204 272,204 ZIONS BANCORPORATION Common Stock 98970110 2,473,726 46,100 46,100 46,100 ZORAN CORP Common Stock 98975F10 5,958,120 246,000 246,000 246,000 RENAISSANCERE HOLDINGS LTD Common Stock G7496G10 5,290,145 59,500 59,500 59,500 WILLIS GROUP HOLDINGS LTD Common Stock G9665510 1,372,993 58,700 58,700 58,700 PRECISE SOFTWARE SOLUTIONS Common Stock M4145010 3,210,025 290,500 290,500 290,500 LUMENIS LTD Common Stock M6778Q10 4,628,440 230,500 230,500 230,500 RADWARE LTD Common Stock M8187310 2,876,535 329,500 329,500 329,500 ASM INTERNATIONAL N.V Common Stock N0704510 1,437,500 125,000 125,000 125,000 ASM LITHOGRAPHY HLDG NV ORD Common Stock N0705911 695,020 62,000 62,000 62,000 ORTHOFIX INTERNATIONAL NV Common Stock N6748L10 2,995,350 105,100 105,100 105,100 ASE TEST LIMITED Common Stock Y0251610 2,425,500 315,000 315,000 315,000 ------------- ------------ --------- ------------- COLUMN TOTALS 326,479,958 28,085,258 28,085,258 28,085,258 -------------- ----------- ------------ -------------- REPORT TOTALS 12,449,479,201 1,110,278,906 1,110,278,906 1,110,278,906 ============== ============== ============== ========== * ITEM 7: MANAGERS - 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