13F-HR 1 f13.txt
08-13-2002 FORM 13F PAGE 1 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 063002 ---------------------------------------------------------------------------------------------------------------------------------- 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 GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ---------------------------------------------------------------------------------------------------------------------------------- AC MOORE ARTS & CRAFTS INC Common Stock 00086T10 6,240,730 131,800 131,800 131,800 AFLAC INC Common Stock 00105510 6,360,000 198,750 198,750 198,750 AGCO CP Common Stock 0108410 6,476,535 332,130 332,130 332,130 AOL TIME WARNER Common Stock 00184A10 735,500 50,000 50,000 50,000 AT&T CORP Common Stock 00195710 174,399 16,299 16,299 16,299 AT & T WIRELESS SERVICES INC Common Stock 00209A10 525,663 89,857 89,857 89,857 ABBOTT LABS Common Stock 00282410 609,930 16,200 16,200 16,200 ABERCROMBIE & FITCH CO CLS A Common Stock 00289620 4,109,879 170,393 170,393 170,393 ABITIBI-CONSOLIDATED INC Common Stock 00392410 17,539,169 1,900,235 1,900,235 1,900,235 ACTION PERFORMANCE COS INC Common Stock 00493310 1,393,560 44,100 44,100 44,100 ADAPTEC INC CNV BND REG Conv Bond P2 00651FAC 7,342,534 7,599,000 7,599,000 7,599,000 ADVANCE AUTO PARTS Common Stock 00751Y10 9,135,876 167,600 167,600 167,600 AEROPOSTALE INC Common Stock 00786510 1,368,500 50,000 50,000 50,000 ADVANCED MICRO DEVICES Common Stock 00790310 36,593,273 3,764,740 3,764,740 3,764,740 ADVANCEPCS Common Stock 00790K10 6,786,224 283,468 283,468 283,468 ADVANCED ENERGY INDUSTRIES Common Stock 00797310 2,404,312 108,400 108,400 108,400 AFFILIATED COMPUTER SVSC Common Stock 00819010 2,969,874 62,550 62,550 62,550 AFFILIATED MANAGERS GROUP Common Stock 00825210 12,624,782 205,281 205,281 205,281 AFFYMETRIX INC Common Stock 00826T10 2,869,204 119,600 119,600 119,600 AFFYMETRIX INC Conv Bond P2 00826TAB 33,309,461 37,479,000 37,479,000 37,479,000 AIR PRODUCTS & CHEMICALS Common Stock 00915810 21,471,099 425,423 425,423 425,423 AIRGATE PCS INC Common Stock 00936710 39,000 39,000 39,000 39,000 ALBERTSON'S Common Stock 01310410 1,757,085 57,685 57,685 57,685 ALCOA INC Common Stock 01381710 62,552,956 1,886,967 1,886,967 1,886,967 ALLEGHENY ENERGY INC Common Stock 01736110 5,461,601 212,101 212,101 212,101 ALLERGAN INC Common Stock 01849010 807,675 12,100 12,100 12,100 ------------ ----------- -------------- -------------- COLUMN TOTALS 251,658,821 55,422,679 55,422,679 55,422,679 * ITEM 7: MANAGERS - 1 PAGE 3 OF 08-13-2002 FORM 13F PAGE 2 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 063002 ----------------------------------------------------------------------------------------------------------------------------- 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 GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ------------------------------------------------------------------------------------------------------------------------------- ALLIANT TECHSYSTEMS INC Common Stock 01880410 2,580,710 40,450 40,450 40,450 ALLSTATE CORP Common Stock 02000210 58,913,726 1,593,124 1,593,124 1,593,124 ALLTEL CORP Common Stock 02003910 61,521,684 1,308,972 1,308,972 1,308,972 ALZA CORP CONV BOND Conv Bond P2 02261WAB 11,899,951 15,555,000 15,555,000 15,555,000 AMERICAN EXPRESS Common Stock 02581610 120,902,016 3,328,800 3,328,800 3,328,800 AMERICAN INTL GROUP CONV BND Conv Bond P2 026874AN 27,139,643 29,705,000 29,705,000 29,705,000 AMERICAN ITALIAN PASTA CO - A Common Stock 02707010 6,531,819 128,100 128,100 128,100 AMERICAN STANDARD COMPANIES Common Stock 02971210 120,450,411 1,603,867 1,603,867 1,603,867 AMERISOURCE HEALTH CORP CNV BN Conv Bond P2 03071PAD 25,091,772 15,565,000 15,565,000 15,565,000 AMERISOURCEBERGEN CORP Common Stock 03073E10 2,147,000 28,250 28,250 28,250 AMGEN Common Stock 03116210 87,173,848 2,081,515 2,081,515 2,081,515 AMKOR TECHNOLOGIES INC Common Stock 03165210 149,280 24,000 24,000 24,000 AMKOR TECHNOLOGIES INC CONV BD Conv Bond P2 031652AN 2,179,125 3,900,000 3,900,000 3,900,000 AMPHENOL CORP -CL A Common Stock 03209510 6,647,976 184,666 184,666 184,666 ANALOG DEVICES Common Stock 03265410 65,710,953 2,212,490 2,212,490 2,212,490 ANALOG DEVICES INC CONV BND RE Conv Bond P2 032654AD 9,600,000 10,000,000 10,000,000 10,000,000 ANNTAYLOR STORES CORP Common Stock 03611510 4,440,711 174,900 174,900 174,900 ANTHEM INC Common Stock 03674B10 3,137,820 46,500 46,500 46,500 ANTEON INTERNATIONAL CORP Common Stock 03674E10 3,286,400 130,000 130,000 130,000 AON CORP Common Stock 03738910 2,790,930 94,672 94,672 94,672 APRIA HEALTHCARE GROUP I Common Stock 03793310 34,544,160 1,542,150 1,542,150 1,542,150 APPLIED MATLS INC Common Stock 03822210 82,373,718 4,330,900 4,330,900 4,330,900 ARCH CHEMICALS INC Common Stock 03937R10 4,395,216 177,944 177,944 177,944 ARMOR HOLDINGS INC Common Stock 04226010 7,736,700 303,400 303,400 303,400 ARROW ELECTRONIC INC. CNV BND Conv Bond P2 042735AY 20,190,290 45,005,000 45,005,000 45,005,000 @TRACK COMMUNICATIONS INC(LOCK Common Stock 04648Y20 12,936,390 11,249,035 11,249,035 11,249,035 ------------ ------------ -------------- -------------- COLUMN TOTALS 784,400,249 150,313,735 150,313,735 150,313,735 * ITEM 7: MANAGERS - 1 PAGE 4 OF 08-13-2002 FORM 13F PAGE 3 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 063002 ---------------------------------------------------------------------------------------------------------------------------------- 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 OF NUMBER MARKET PRINCIPAL DISCRETION GERS AUTHORITY CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ----------------------------------------------------------------------------------------------------------------------------------- AUTOZONE INC Common Stock 05333210 815,515 10,550 10,550 10,550 AVAYA INC CONV BD Conv Bond P1 053499AA 379,600 1,040,000 1,040,000 1,040,000 AVOCENT CORPORATION Common Stock 05389310 3,735,994 234,673 234,673 234,673 BB&T CORPORATION Common Stock 05493710 6,215,372 161,091 161,091 161,091 THE BISYS GROUP INC Common Stock 05547210 10,304,818 309,454 309,454 309,454 BJ'S WHOLESALE CLUB INC Common Stock 05548J10 1,228,150 31,900 31,900 31,900 BANK OF AMERICA CORP Common Stock 06050510 173,332,423 2,463,508 2,463,508 2,463,508 BANK NEW YORK INC Common Stock 06405710 8,437,500 250,000 250,000 250,000 BARR LABORATORIES INC Common Stock 06830610 20,686,193 325,613 325,613 325,613 BAUSCH & LOMB INC Common Stock 07170710 10,025,625 296,178 296,178 296,178 BAXTER INTERNATIONAL Common Stock 07181310 205,555,025 4,624,410 4,624,410 4,624,410 BAXTER INTERNATIONAL INC CONV Conv Bond P2 071813AR 19,465,513 19,510,000 19,510,000 19,510,000 BEAS SYSTEMS CONV BND REG Conv Bond P2 073325AD 13,301,638 16,300,000 16,300,000 16,300,000 BEAZER HOMES USA INC Common Stock 07556Q10 5,128,000 64,100 64,100 64,100 BECKMAN COULTER INC Common Stock 07581110 2,460,070 49,300 49,300 49,300 BECTON DICKINSON Common Stock 07588710 16,696,124 484,648 484,648 484,648 BED BATH & BEYOND INC Common Stock 07589610 206,727,455 5,477,675 5,477,675 5,477,675 BELLSOUTH Common Stock 07986010 14,604,534 463,636 463,636 463,636 BERKLEY (WR) GROUP Common Stock 08442310 2,563,000 46,600 46,600 46,600 BEST BUY COMPANY INC Common Stock 08651610 87,667,586 2,415,085 2,415,085 2,415,085 BEVERLY ENTERPRISES Common Stock 08785130 2,655,890 349,000 349,000 349,000 BIOMET INC Common Stock 09061310 694,272 25,600 25,600 25,600 MERRILL LYNCH-BIOTECH HOLDERS Common Stock 09067D20 4,992,000 60,000 60,000 60,000 BLACKROCK INC Common Stock 09247X10 4,314,244 97,387 97,387 97,387 BOOKHAM TECHNOLOGY - SPON ADR Common Stock 09856Q10 280,130 257,000 257,000 257,000 BOSTON SCIENTIFIC CORP Common Stock 10113710 7,962,520 271,573 271,573 271,573 ------------- ------------ -------------- -------------- COLUMN TOTALS 830,231,932 55,618,981 55,618,981 55,618,981 * ITEM 7: MANAGERS - 1 PAGE 5 OF 08-13-2002 FORM 13F PAGE 4 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 063002 --------------------------------------------------------------------------------------------------------------------------------- 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 GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ---------------------------------------------------------------------------------------------------------------------------------- BOWATER INC Common Stock 10218310 2,174,800 40,000 40,000 40,000 BRINKER INTL INC Common Stock 10964110 3,213,100 101,200 101,200 101,200 BRINKER INTERNATIONAL CONV BD Conv Bond P2 109641AC 18,914,662 28,285,000 28,285,000 28,285,000 BRISTOL-MYERS SQUIBB Common Stock 11012210 15,576,025 606,071 606,071 606,071 BROOKS AUTOMAT CNV BND REG Conv Bond P2 11434AAB 6,825,000 8,400,000 8,400,000 8,400,000 BURLINGTON NORTHERN SANTA FE Common Stock 12189T10 67,416,090 2,247,203 2,247,203 2,247,203 BURLINGTON RES INC Common Stock 12201410 3,991,976 105,052 105,052 105,052 CBRL GROUP INC Common Stock 12489V10 745,535 24,500 24,500 24,500 CIGNA CORP Common Stock 12550910 58,845,771 604,042 604,042 604,042 CNET INC CONV BND Conv Bond P2 125945AC 11,917,026 16,560,000 16,560,000 16,560,000 CSX CORP Common Stock 12640810 2,411,440 68,800 68,800 68,800 CVS CORPORATION Common Stock 12665010 32,625,414 1,066,190 1,066,190 1,066,190 CADENCE DESIGN SYS INC Common Stock 12738710 1,539,460 95,500 95,500 95,500 CALLAWAY GOLF CO Common Stock 13119310 3,477,244 219,523 219,523 219,523 CANADIAN NATL RAILWAY CNVPFD Conv Prfd Stock 13637540 8,689,125 127,500 127,500 127,500 CANON INC - SP ADR Common Stock 13800630 1,982,822 52,414 52,414 52,414 MERISTAR HOSPITALITY COR CNV BConv Bond P2 140918AC 14,335,271 14,001,000 14,001,000 14,001,000 CARDINAL HEALTH INC Common Stock 14149Y10 129,343,584 2,106,230 2,106,230 2,106,230 CAREMARK RX INC Common Stock 14170510 2,204,400 133,600 133,600 133,600 CELESTICA INC CNV BND Conv Bond P2 15101QAA 6,905,250 16,200,000 16,200,000 16,200,000 CENDANT CORPORATION Common Stock 15131310 157,121,643 9,894,310 9,894,310 9,894,310 CENDANT CORP CNV BND REG Conv Bond P2 151313AF 39,453,115 49,517,000 49,517,000 49,517,000 CERNER CORP Common Stock 15678210 483,083 10,100 10,100 10,100 CHARLES RIVER LABORATORIES Common Stock 15986410 5,259,042 150,044 150,044 150,044 CHARTER COMMUNICATIONS INC-A Common Stock 16117M10 2,000,567 490,335 490,335 490,335 CHARTER COMM INC CONV BND Conv Bond P2 16117MAC 1,916,250 4,200,000 4,200,000 4,200,000 ------------- ----------- -------------- -------------- COLUMN TOTALS 599,367,696 155,305,614 155,305,614 155,305,614 * ITEM 7: MANAGERS - 1 PAGE 6 OF 08-13-2002 FORM 13F PAGE 5 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 063002 ------------------------------------------------------------------------------------------------------------------------------ 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 GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ------------------------------------------------------------------------------------------------------------------------------- THE CHEESECAKE FACTORY Common Stock 16307210 3,540,514 99,789 99,789 99,789 CHEVRON TEXACO CORP Common Stock 16676410 73,952,635 835,623 835,623 835,623 CHICO'S FAS INC. Common Stock 16861510 6,955,280 191,500 191,500 191,500 CHIQUITA BRANDS Common Stock 17003280 19,924,754 1,070,341 1,070,341 1,070,341 CHRISTOPHER & BANKS CORP Common Stock 17104610 6,759,540 159,800 159,800 159,800 CHUBB CORP Common Stock 17123210 56,406,856 796,707 796,707 796,707 CIENA CORP CONV BOND Conv Bond P2 171779AA 50,225,436 82,185,000 82,185,000 82,185,000 CIRCUIT CITY STORE INC Common Stock 17273710 206,250 11,000 11,000 11,000 CIRRUS LOGIC INC Common Stock 17275510 1,385,650 185,000 185,000 185,000 CISCO SYS INC Common Stock 17275R10 119,747,163 8,584,026 8,584,026 8,584,026 CITIGROUP INC Common Stock 17296710 279,837,813 7,221,621 7,221,621 7,221,621 CITIZENS COMMUNICATIONS CO Common Stock 17453B10 484,880 58,000 58,000 58,000 CLEAR CHANNEL COMMUNICATIONS Common Stock 18450210 62,460,229 1,950,663 1,950,663 1,950,663 CLEAR CHANNEL COMM CNV BND Conv Bond P2 184502AB 22,740,675 23,299,000 23,299,000 23,299,000 CLOROX Common Stock 18905410 9,177,921 221,957 221,957 221,957 COACH INC Common Stock 18975410 6,186,626 112,689 112,689 112,689 COCA-COLA CO Common Stock 19121610 48,913,200 873,450 873,450 873,450 COLGATE PALMOLIVE CO Common Stock 19416210 93,514,421 1,868,420 1,868,420 1,868,420 COMMUNITY HEALTH SYSTEMS CONV Conv Bond P2 203668AA 17,650,150 16,730,000 16,730,000 16,730,000 COMPUTER SCIENCES CORP Common Stock 20536310 46,367,004 970,021 970,021 970,021 COMVERSE TECHNOLOGY CNV BND Conv Bond P2 205862AJ 39,824,440 49,069,000 49,069,000 49,069,000 CONCORD EFS INC Common Stock 20619710 85,528,278 2,837,700 2,837,700 2,837,700 CONSTELLATION ENERGY GROUP Common Stock 21037110 375,552 12,800 12,800 12,800 CONTINENTAL AIRLINES INC CNV BConv Bond P2 210795PD 8,063,864 10,825,000 10,825,000 10,825,000 COOPER CAMERON CORP CNV BND Conv Bond P2 216640AB 5,536,156 5,805,000 5,805,000 5,805,000 CORECOMM LIMITED CONV BOND (DEConv Bond P2 21869NAC 37,500 1,500,000 1,500,000 1,500,000 ------------- ------------ -------------- -------------- COLUMN TOTALS 1,065,802,789 217,474,107 217,474,107 217,474,107 * ITEM 7: MANAGERS - 1 PAGE 7 OF 08-13-2002 FORM 13F PAGE 6 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 063002 --------------------------------------------------------------------------------------------------------------------------------- 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 GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) -------------------------------------------------------------------------------------------------------------------------------- CORINTHIAN COLLEGES INC Common Stock 21886810 13,471,478 397,506 397,506 397,506 CORNING Common Stock 21935010 201,995 56,900 56,900 56,900 CORPORATE EXECUTIVE BOARD CO Common Stock 21988R10 3,585,530 104,687 104,687 104,687 COSTCO WHOLESALE CORP Common Stock 22160K10 73,889,329 1,913,240 1,913,240 1,913,240 COVENTRY HEALTH CARE INC Common Stock 22286210 11,368,000 400,000 400,000 400,000 PCS/COX COMM CONV BOND Conv Bond P2 224044AX 19,808,525 43,000,000 43,000,000 43,000,000 CROMPTON CORPORATION Common Stock 22711610 3,404,467 267,017 267,017 267,017 CUMMINS, INC Common Stock 23102110 3,120,205 94,266 94,266 94,266 CURAGEN CORP CONV BND Conv Bond P2 23126RAC 14,496,185 19,193,000 19,193,000 19,193,000 CYMER INC Common Stock 23257210 7,025,520 200,500 200,500 200,500 CYPRESS SEMICONDUCTOR CNV BND Conv Bond P2 232806AE 10,867,500 12,420,000 12,420,000 12,420,000 D & K HEALTHCARE RESOURCES Common Stock 23286110 8,993,980 255,076 255,076 255,076 DRS TECHNOLOGIES INC Common Stock 23330X10 5,985,000 140,000 140,000 140,000 D.R. HORTON INC Common Stock 23331A10 1,131,004 43,450 43,450 43,450 DTE ENERGY COMPANY Common Stock 23333110 10,724,269 240,239 240,239 240,239 DANAHER CORP Common Stock 23585110 590,515 8,900 8,900 8,900 DELPHI AUTOMOTIVE SYSTEMS Common Stock 24712610 229,601 17,394 17,394 17,394 DELTA AIR LINES Common Stock 24736110 687,160 34,358 34,358 34,358 DEVELOPERS DIVERS REALTY CORP Common Stock 25159110 4,120,876 183,150 183,150 183,150 DEVON ENERGY CORPORATION Common Stock 25179M10 2,464,000 50,000 50,000 50,000 DIAGNOSTIC PRODS CORP Common Stock 25245010 1,702,000 46,000 46,000 46,000 DIAMOND OFFSHORE DRILL CNV BNDConv Bond P2 25271CAE 3,189,375 3,500,000 3,500,000 3,500,000 DIAMONDS TRUST SERIES I Common Stock 25278710 11,308,180 122,000 122,000 122,000 DIANON SYSTEMS INC Common Stock 25282610 5,920,058 110,821 110,821 110,821 DILLARDS, INC. CLS A Common Stock 25406710 864,941 32,900 32,900 32,900 DISNEY (WALT) Common Stock 25468710 47,488,140 2,512,600 2,512,600 2,512,600 -------------- ---------- -------------- -------------- COLUMN TOTALS 266,637,830 85,344,004 85,344,004 85,344,004 * ITEM 7: MANAGERS - 1 PAGE 8 OF 08-13-2002 FORM 13F PAGE 7 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 063002 ---------------------------------------------------------------------------------------------------------------------------------- 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 GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) --------------------------------------------------------------------------------------------------------------------------------- DORAL FINANCIAL CORP Common Stock 25811P10 2,693,004 80,653 80,653 80,653 DUKE ENERGY CORP CNVPFD Conv Prfd Stock 26439958 6,565,500 291,800 291,800 291,800 E M C CORP MASS Common Stock 26864810 2,082,290 275,800 275,800 275,800 ENSCO INTL INC Common Stock 26874Q10 4,606,095 168,969 168,969 168,969 EOP OPERATING LP CNV BND REG Conv Bond P2 268766BR 10,040,188 9,275,000 9,275,000 9,275,000 EAST WEST BANCORP INC Common Stock 27579R10 3,752,324 108,700 108,700 108,700 EL PASO CORPORATION Common Stock 28336L10 31,400,344 1,523,549 1,523,549 1,523,549 EL PASO ENER CAP TR CNVPFD Conv Prfd Stock 28367820 57,213,486 1,477,400 1,477,400 1,477,400 ELECTRONIC DATA SYSTEMS CORP Common Stock 28566110 20,571,887 553,752 553,752 553,752 ELECTRONIC DATA SYSTEMS CONV B Conv Bond P1 285661AB 4,724,200 6,320,000 6,320,000 6,320,000 ELECTRONIC BOUTIQUE HLDGS Common Stock 28604510 2,734,130 93,315 93,315 93,315 EMCORE CORP CNV BND REG Conv Bond P2 290846AB 3,666,938 6,150,000 6,150,000 6,150,000 ENCOMPASS SERVICES CORP Common Stock 29255U10 61,788 108,400 108,400 108,400 ENERGY EAST CORPORATION Common Stock 29266M10 8,477,305 375,102 375,102 375,102 ENERGIZER HOLDINGS INC Common Stock 29266R10 4,668,173 170,247 170,247 170,247 ENTERGY Common Stock 29364G10 2,381,648 56,118 56,118 56,118 ENTRAVISION COMMUNICAT CL A Common Stock 29382R10 806,050 65,800 65,800 65,800 EQUITY OFFICE PROPERTIES TRUST Conv Prfd Stock 29474150 4,954,725 108,300 108,300 108,300 ERICSSON L M TEL CO Common Stock 29482140 432,000 300,000 300,000 300,000 ESCO TECHNOLOGIES INC Common Stock 29631510 1,781,500 50,900 50,900 50,900 ETHAN ALLEN INTERIORS INC Common Stock 29760210 5,980,260 171,600 171,600 171,600 EXTREME NETWORKS INC CONV BD R Conv Bond P2 30226DAB 5,871,250 7,000,000 7,000,000 7,000,000 EXXON MOBIL CORPORATION Common Stock 30231G10 44,118,226 1,078,158 1,078,158 1,078,158 FLIR SYSTEMS INC Common Stock 30244510 5,028,006 119,800 119,800 119,800 FAMILY DOLLAR STORES Common Stock 30700010 539,325 15,300 15,300 15,300 FANNIE MAE Common Stock 31358610 119,724,275 1,623,380 1,623,380 1,623,380 -------------- --------- -------------- -------------- COLUMN TOTALS 354,874,915 37,562,043 37,562,043 37,562,043 * ITEM 7: MANAGERS - 1 PAGE 9 OF 08-13-2002 FORM 13F PAGE 8 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 063002 --------------------------------------------------------------------------------------------------------------------------------- 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 GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) --------------------------------------------------------------------------------------------------------------------------------- FEDERATED DEPT STORES Common Stock 31410H10 3,341,549 84,170 84,170 84,170 FEDEX CORPORATION Common Stock 31428X10 106,805,340 2,000,100 2,000,100 2,000,100 FELCOR LODGING TRUST INC Common Stock 31430F10 2,752,500 150,000 150,000 150,000 FELCOR LODGING CONV PRFD 144A Conv Prfd Stock 31430F20 537,000 24,000 24,000 24,000 FIFTH THIRD BANCORP Common Stock 31677310 144,860,443 2,173,450 2,173,450 2,173,450 FIRST DATA CORP Common Stock 31996310 66,781,440 1,795,200 1,795,200 1,795,200 FISERV INC Common Stock 33773810 2,703,692 73,650 73,650 73,650 FIRSTENERGY CORO Common Stock 33793210 17,446,257 522,656 522,656 522,656 FLEET BOSTON FINANCIAL CORP Common Stock 33903010 35,865,184 1,108,661 1,108,661 1,108,661 FLOWSERVE CORPORATION Common Stock 34354P10 8,892,320 298,400 298,400 298,400 FORD MOTOR CO CAP TR II CV PF Conv Prfd Stock 34539520 27,894,375 495,900 495,900 495,900 FORTUNE BRANDS INC Common Stock 34963110 7,009,072 125,162 125,162 125,162 FRANKLIN RESOURCES INC CNV BND Conv Bond P2 354613AC 17,368,763 29,130,000 29,130,000 29,130,000 GALLAGHER (ARTHUR J.) & CO Common Stock 36357610 4,851,000 140,000 140,000 140,000 GAP INC DEL Common Stock 36476010 53,001,500 3,732,500 3,732,500 3,732,500 GAP INC CNV BD REG Conv Bond P2 364760AJ 5,322,091 4,655,000 4,655,000 4,655,000 GATEWAY INC Common Stock 36762610 17,395,551 3,917,917 3,917,917 3,917,917 GENERAL DYNAMICS Common Stock 36955010 208,414,095 1,959,700 1,959,700 1,959,700 GENERAL ELEC CO Common Stock 36960410 2,007,355 69,100 69,100 69,100 GENERAL MTRS CORP Common Stock 37044210 36,990,928 692,066 692,066 692,066 GENESIS HEALTH VENT Common Stock 37183F10 23,839,735 1,188,208 1,188,208 1,188,208 GENESIS HEALTH VENT WTS Stock Warrant 37183F11 494,225 368,713 368,713 368,713 GETTY IMAGES INC CONV BOND REG Conv Bond P2 374276AE 7,545,060 9,036,000 9,036,000 9,036,000 GLAXOSMITHKLINE PLC-ADR Common Stock 37733W10 1,298,514 30,100 30,100 30,100 GLENBOROUGH REALTY CNVPFD A Conv Prfd Stock 37803P20 1,470,625 65,000 65,000 65,000 GLOBAL IMAGING SYSTEMS INC Common Stock 37934A10 6,035,022 317,800 317,800 317,800 -------------- ----------- -------------- -------------- COLUMN TOTALS 810,923,634 64,153,453 64,153,453 64,153,453 * ITEM 7: MANAGERS - 1 PAGE 10 OF 08-13-2002 FORM 13F PAGE 9 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 063002 ----------------------------------------------------------------------------------------------------------------------------------- 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 GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ----------------------------------------------------------------------------------------------------------------------------------- GLOBAL MARINE CONV BOND REG Conv Bond P2 379352AN 7,840,125 15,150,000 15,150,000 15,150,000 GOLDEN WEST FINANCIAL Common Stock 38131710 2,380,958 34,617 34,617 34,617 GOLDMAN SACHS GROUP INC Common Stock 38141G10 40,785,974 556,046 556,046 556,046 GREY WOLF INC Common Stock 39788810 171,332 42,200 42,200 42,200 GROUP 1 AUTOMOTIVE INC Common Stock 39890510 1,018,605 26,700 26,700 26,700 HCA INC Common Stock 40411910 142,880,950 3,008,020 3,008,020 3,008,020 HARLEY DAVIDSON INC Common Stock 41282210 286,940,758 5,596,660 5,596,660 5,596,660 HARMAN INTL INDS INC NEW Common Stock 41308610 9,987,900 202,800 202,800 202,800 HARRAH'S ENTERTAINMENT INC Common Stock 41361910 2,031,230 45,800 45,800 45,800 HARRIS CORP Common Stock 41387510 3,171,000 87,500 87,500 87,500 HARTFORD FINANCIAL SVCS GROUP Common Stock 41651510 57,365,238 964,608 964,608 964,608 HEALTH CARE PPTYS INVEST INC Common Stock 42191510 3,824,621 89,152 89,152 89,152 HEALTHSOUTH CORP CNV BD Conv Bond P2 421924AF 4,676,500 4,700,000 4,700,000 4,700,000 HEALTH MGMT ASSOC INC NE CLS A Common Stock 42193310 2,506,660 124,400 124,400 124,400 HEALTH MANAGEMENT CNV BND REG Conv Bond P2 421933AB 14,145,928 20,429,000 20,429,000 20,429,000 HEALTHCARE REALTY TRUST INC Common Stock 42194610 4,123,264 128,852 128,852 128,852 HEINZ (H.J) Common Stock 42307410 31,027,746 754,933 754,933 754,933 HELIX TECHNOLOGY CORP Common Stock 42331910 4,803,920 233,200 233,200 233,200 HERLEY INDUSTRIES INC Common Stock 42739810 3,722,355 175,500 175,500 175,500 HIGHWOODS PROPERTIES INC Common Stock 43128410 5,930,886 228,111 228,111 228,111 HOME DEPOT INC Common Stock 43707610 121,243,747 3,300,946 3,300,946 3,300,946 HOOPER HOLMES INC Common Stock 43910410 907,200 113,400 113,400 113,400 HOUSEHOLD INTL INC Common Stock 44181510 69,312,366 1,394,615 1,394,615 1,394,615 HUNT (JB) TRANSPORT SVCS INC Common Stock 44565810 4,318,776 146,300 146,300 146,300 ITT EDUCATIONAL SERVICES INC Common Stock 45068B10 1,033,320 47,400 47,400 47,400 IDEXX LABORATORIES INC Common Stock 45168D10 1,281,763 49,700 49,700 49,700 -------------- ----------- -------------- -------------- COLUMN TOTALS 827,433,121 57,630,460 57,630,460 57,630,460 * ITEM 7: MANAGERS - 1 PAGE 11 OF 08-13-2002 FORM 13F PAGE 10 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 063002 --------------------------------------------------------------------------------------------------------------------------------- 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 GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) --------------------------------------------------------------------------------------------------------------------------------- ILLINOIS TOOL WORKS Common Stock 45230810 123,415,368 1,806,960 1,806,960 1,806,960 IMAGISTICS INTL INC Common Stock 45247T10 202,505 9,432 9,432 9,432 IMPERIAL CHEMICAL SPONS ADR Common Stock 45270450 4,090,105 212,473 212,473 212,473 INCYTE GENOMICS INC CNV BND Conv Bond P2 45337CAC 10,576,626 12,921,000 12,921,000 12,921,000 INSIGHT ENTERPRISES INC Common Stock 45765U10 5,889,422 233,800 233,800 233,800 INTERGRATED SILICON SOLUTIONS Common Stock 45812P10 3,188,169 357,418 357,418 357,418 INTEL CORP Common Stock 45814010 138,102,382 7,558,970 7,558,970 7,558,970 INTEGRATED DEFENSE TECHNOLOGY Common Stock 45819B10 1,915,893 65,100 65,100 65,100 IBM Common Stock 45920010 88,166,736 1,224,538 1,224,538 1,224,538 INTERNATIONAL PAPER CO Common Stock 46014610 104,442,869 2,396,578 2,396,578 2,396,578 INTL PAPER CO CONV BD Conv Bond P1 460146BM 20,310,563 38,250,000 38,250,000 38,250,000 INTL RECTIFIER CORP CNV BND RE Conv Bond P2 460254AE 4,582,650 5,480,000 5,480,000 5,480,000 INTERPUBLIC GROUP COS CNV BND Conv Bond P2 460690AQ 12,380,555 15,285,000 15,285,000 15,285,000 INTERSTATE BAKERIES Common Stock 46072H10 6,180,320 214,000 214,000 214,000 INTERWOVEN INC Common Stock 46114T10 427,000 140,000 140,000 140,000 INVISION TECHNOLOGIES INC Common Stock 46185110 338,240 14,000 14,000 14,000 INVITROGEN INC CONV BND REG Conv Bond P2 46185RAD 4,867,088 6,210,000 6,210,000 6,210,000 INVESTORS FINANCIAL SVCS CP Common Stock 46191510 1,589,796 47,400 47,400 47,400 IVAX CORP Common Stock 46582310 349,650 32,375 32,375 32,375 IVAX CORP REG CNV BND REG Conv Bond P2 465823AG 11,250,000 15,000,000 15,000,000 15,000,000 JDA SOFTWARE GROUP INC Common Stock 46612K10 7,005,654 247,900 247,900 247,900 JP MORGAN CHASE & CO Common Stock 46625H10 35,081,048 1,034,229 1,034,229 1,034,229 CCU/JACOR COMM INC CNV BND Conv Bond P2 469858AB 12,431,648 27,173,000 27,173,000 27,173,000 JETBLUE AIRWAYS CORP Common Stock 47714310 519,384 11,400 11,400 11,400 JOHNSON & JOHNSON Common Stock 47816010 151,376,316 2,896,600 2,896,600 2,896,600 JOY GLOBAL INC-INCOMPLETE REOR Common Stock 48116510 19,076,141 1,075,318 1,075,318 1,075,318 -------------- ----------- ------------- -------------- COLUMN TOTALS 767,756,126 139,897,491 139,897,491 139,897,491 * ITEM 7: MANAGERS - 1 PAGE 12 OF 08-13-2002 FORM 13F PAGE 11 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 063002 ----------------------------------------------------------------------------------------------------------------------------------- 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 GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ---------------------------------------------------------------------------------------------------------------------------------- JUNIPER NETWORKS CONV BOND REG Conv Bond P2 48203RAA 53,857,387 84,297,000 84,297,000 84,297,000 KLA-TENCOR CORP Common Stock 48248010 74,334,302 1,689,800 1,689,800 1,689,800 KB HOME Common Stock 48666K10 2,050,098 39,800 39,800 39,800 KERR MCGEE CORP Common Stock 49238610 915,705 17,100 17,100 17,100 KEYSTONE AUTOMOTIVE INDS INC Common Stock 49338N10 1,006,687 52,900 52,900 52,900 KIMBERLY-CLARK CORP Common Stock 49436810 73,849,378 1,191,214 1,191,214 1,191,214 KING PHARMACEUTICALS INC Common Stock 49558210 228,419 10,266 10,266 10,266 KNIGHT TRANSPORTATION INC Common Stock 49906410 4,846,710 209,000 209,000 209,000 KOHLS CORP Common Stock 50025510 235,845,480 3,365,375 3,365,375 3,365,375 KRAFT FOOD INC-A Common Stock 50075N10 31,191,697 761,702 761,702 761,702 KROGER CO Common Stock 50104410 44,808,850 2,251,701 2,251,701 2,251,701 KROLL INC Common Stock 50104910 6,616,617 305,900 305,900 305,900 LSI LOGIC CORP Common Stock 50216110 261,625 29,900 29,900 29,900 LSI LOGIC CORP CONV BOND Conv Bond P2 502161AE 88,657,343 98,714,000 98,714,000 98,714,000 L-3 COMMUNICATIONS HLDGS INC Common Stock 50242410 3,574,800 66,200 66,200 66,200 LABORATORY CORP OF AMERICA HLD Common Stock 50540R40 93,171,650 2,041,000 2,041,000 2,041,000 LABORATORY CP CONV BND REG Conv Bond P2 50540RAC 22,334,340 29,730,000 29,730,000 29,730,000 LAM RESH CORP Common Stock 51280710 251,720 14,000 14,000 14,000 LAM RESEARCH CORP CNV BND REG Conv Bond P2 512807AE 6,770,000 8,000,000 8,000,000 8,000,000 LAMAR ADVERTISING CONV BOND Conv Bond P2 512815AF 13,438,708 13,240,000 13,240,000 13,240,000 LANDRY'S SEAFOOD RESTAURANTS Common Stock 51508L10 5,813,729 227,900 227,900 227,900 LATTICE SEMICONDUCTOR CNV BND Conv Bond P2 518415AC 7,591,145 8,905,000 8,905,000 8,905,000 LEGG MASON INC Common Stock 52490110 2,417,660 49,000 49,000 49,000 LEGG MASON INC CONV BD Conv Bond P2 524901AG 6,875,625 14,250,000 14,250,000 14,250,000 LEHMAN BROTHERS HOLDINGS INC Common Stock 52490810 5,896,887 94,320 94,320 94,320 LENNAR CORP Common Stock 52605710 1,297,440 21,200 21,200 21,200 -------------- ----------- -------------- -------------- COLUMN TOTALS 787,909,891 269,574,278 269,574,278 269,574,278 * ITEM 7: MANAGERS - 1 PAGE 13 OF 08-13-2002 FORM 13F PAGE 12 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 063002 ------------------------------------------------------------------------------------------------------------------------------------ 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 GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ----------------------------------------------------------------------------------------------------------------------------------- VIACOM-LIBERTY MEDIA CONV BD R Conv Bond P2 530715AR 6,554,621 6,895,000 6,895,000 6,895,000 LIMITED BRANDS INC Common Stock 53271610 2,185,380 102,600 102,600 102,600 LINCOLN NATIONAL CORP Common Stock 53418710 30,544,290 727,245 727,245 727,245 LINENS 'N THINGS INC Common Stock 53567910 5,246,581 159,908 159,908 159,908 LITHIA MOTORS INC CL A Common Stock 53679710 4,519,868 167,900 167,900 167,900 LIZ CLAIBORNE Common Stock 53932010 779,100 24,500 24,500 24,500 LLOYDS TSB GOUP PLC SP ADR Common Stock 53943910 1,950,435 48,700 48,700 48,700 LOWES CORP CNV BND Conv Bond P2 540424AL 17,779,113 20,290,000 20,290,000 20,290,000 LOWES COS INC Common Stock 54866110 165,920,202 3,654,630 3,654,630 3,654,630 M & T BANK CORPORATION Common Stock 55261F10 1,735,010 20,231 20,231 20,231 MBNA CORP Common Stock 55262L10 36,829,067 1,113,670 1,113,670 1,113,670 MDC HOLDINGS INC Common Stock 55267610 8,583,640 165,070 165,070 165,070 MACK-CALI REALTY CORP Common Stock 55448910 3,765,233 107,119 107,119 107,119 MANHATTAN ASSOCIATES INC Common Stock 56275010 8,312,878 258,485 258,485 258,485 MANITOWOC COMPANY INC Common Stock 56357110 7,318,038 206,200 206,200 206,200 MANTECH INTERNATIONAL CORP Common Stock 56456310 4,349,387 181,300 181,300 181,300 MANUGISTICS GP CNV BND REG Conv Bond P2 565011AB 4,000,640 6,016,000 6,016,000 6,016,000 MARSH & MCLENNAN COS Common Stock 57174810 95,095,841 984,429 984,429 984,429 MATTEL INC Common Stock 57708110 4,044,005 192,480 192,480 192,480 MAVERICK TUBE CORP Common Stock 57791410 1,141,500 76,100 76,100 76,100 MCDERMOTT INTERNATIONAL Common Stock 58003710 1,215,000 150,000 150,000 150,000 MCDONALD'S CORP Common Stock 58013510 66,153,391 2,325,251 2,325,251 2,325,251 MCGRAW-HILL Common Stock 58064510 817,890 13,700 13,700 13,700 MEADWESTVACO CORP Common Stock 58333410 89,517,609 2,667,390 2,667,390 2,667,390 MEDAREX INC CONV BOND Conv Bond P2 583916AA 8,950,850 12,346,000 12,346,000 12,346,000 MEDIACOM COMMUNICATIONS CNV BN Conv Bond P2 58446KAA 6,521,670 8,388,000 8,388,000 8,388,000 -------------- ----------- -------------- -------------- COLUMN TOTALS 584,137,839 67,581,908 67,581,908 67,581,908 * ITEM 7: MANAGERS - 1 PAGE 14 OF 08-13-2002 FORM 13F PAGE 13 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 063002 --------------------------------------------------------------------------------------------------------------------------------- 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 GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) --------------------------------------------------------------------------------------------------------------------------------- MEDICIS PHARMACEUTICALS-CL A Common Stock 58469030 1,714,676 40,100 40,100 40,100 MEDIMMUNE INC Common Stock 58469910 285,120 10,800 10,800 10,800 MEDTRONIC INC Common Stock 58505510 37,755,992 881,120 881,120 881,120 MEDTRONIC INC CONV BND REG Conv Bond P2 585055AB 19,206,863 18,990,000 18,990,000 18,990,000 MERITAGE CORPORATION Common Stock 59001A10 6,372,740 139,600 139,600 139,600 MERIX CORP Common Stock 59004910 1,143,783 133,308 133,308 133,308 MERRILL LYNCH Common Stock 59018810 50,472,964 1,246,246 1,246,246 1,246,246 MERRILL LYNCH & CO CONV BOND Conv Bond P1 590188A6 5,316,300 10,740,000 10,740,000 10,740,000 MERRILL LYNCH & CO CONV BD Conv Bond P4 590188A7 10,153,500 10,500,000 10,500,000 10,500,000 METTLER-TOLEDO INTERNATIONAL Common Stock 59268810 5,422,213 147,063 147,063 147,063 MICHAELS STORES INC Common Stock 59408710 10,415,808 267,072 267,072 267,072 MICROSOFT CORP Common Stock 59491810 229,569,500 4,196,883 4,196,883 4,196,883 MID ATLANTIC MEDICAL SVCS Common Stock 59523C10 4,548,885 145,100 145,100 145,100 MIRANT CORP Common Stock 60467510 606,068 83,968 83,023 83,023 MISSION RESOURCES CORP Common Stock 60510910 161,104 115,000 115,000 115,000 MOORE CORP LTD Common Stock 61578510 1,148,000 100,000 100,000 100,000 MORGAN STANLEY Common Stock 61744644 107,228,274 2,489,050 2,489,050 2,489,050 MOTOROLA INC Common Stock 62007610 64,327,296 4,408,999 4,408,999 4,408,999 MOVIE GALLERY INC Common Stock 62458110 7,389,888 349,900 349,900 349,900 NABORS INDS INC CNV BND REG Conv Bond P2 629568AD 4,387,200 6,855,000 6,855,000 6,855,000 NABORS INDUSTRIES INC Conv Bond P2 629568AF 4,602,000 7,800,000 7,800,000 7,800,000 NASDAQ-100 SHARES Common Stock 63110010 5,083,650 195,000 195,000 195,000 NATIONAL CITY CORP Common Stock 63540510 1,519,259 45,692 45,692 45,692 NAVISTAR INTERNATIONAL Common Stock 63934E10 65,143,648 2,035,739 2,035,739 2,035,739 NETWORK ASSOC INC CNV BND Conv Bond P1 640938AB 475,000 1,000,000 1,000,000 1,000,000 NETWORK ASSOCIATES INC CNV BD Conv Bond P2 64123LAB 9,590,077 7,225,000 7,225,000 7,225,000 -------------- ----------- -------------- -------------- COLUMN TOTALS 653,733,205 79,839,695 79,839,695 79,839,695 * ITEM 7: MANAGERS - 1 PAGE 15 OF 08-13-2002 FORM 13F PAGE 14 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 063002 -------------------------------------------------------------------------------------------------------------------------------- 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 GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ----------------------------------------------------------------------------------------------------------------------------------- NEUROCRINE BIOSCIENCES INC Common Stock 64125C10 2,684,505 93,700 93,700 93,700 NEW YORK COMMUNITY BANCORP Common Stock 64944510 661,664 24,800 24,800 24,800 NEW YORK TIMES CO CLS A Common Stock 65011110 2,575,000 50,000 50,000 50,000 NEWS AMERICA INC CNV BND REG Conv Bond P2 652482AZ 13,910,721 29,363,000 29,363,000 29,363,000 NIKE B Common Stock 65410610 72,041,220 1,342,800 1,342,800 1,342,800 NOKIA CORP ADR Common Stock 65490220 544,448 37,600 37,600 37,600 NORTEL NETWORKS CORP CNV BND R Conv Bond P2 656568AB 1,026,680 2,000,000 2,000,000 2,000,000 NORTHERN BORDER PARTNERS-LP Common Stock 66478510 386,424 10,800 10,800 10,800 NORTHWEST AIRLS CORP CL A Common Stock 66728010 238,788 19,800 19,800 19,800 OCULAR SCIENCES INC Common Stock 67574410 6,778,700 255,800 255,800 255,800 ODYSSEY HEALTHCARE INC Common Stock 67611V10 4,803,125 132,500 132,500 132,500 OLIN CORP Common Stock 68066520 2,054,745 92,765 92,765 92,765 OMNICOM GROUP INC Common Stock 68191910 73,812,654 1,611,630 1,611,630 1,611,630 OMNICOM GROUP INC CNV BND REG Conv Bond P2 681919AK 14,281,000 14,980,000 14,980,000 14,980,000 ONI SYSTEMS CORP CNV BD Conv Bond P2 68273FAA 24,574,446 35,629,000 35,629,000 35,629,000 OPENWAVE SYSTEMS INC Common Stock 68371810 1,122,000 200,000 200,000 200,000 ORACLE CORPORATION Common Stock 68389X10 39,289,430 4,148,831 4,148,831 4,148,831 O'REILLY AUTOMOTIVE INC. Common Stock 68609110 1,703,208 61,800 61,800 61,800 OWENS ILLINOIS INC Common Stock 69076840 11,359,545 826,750 826,750 826,750 OXFORD HEALTH PLANS Common Stock 69147110 2,327,646 50,100 50,100 50,100 PG & E CORPORATION Common Stock 69331C10 7,091,399 396,389 396,389 396,389 P.F. CHANGS CHINA BISTRO INC Common Stock 69333Y10 4,935,579 157,084 157,084 157,084 PMC SIERRA INC CONV BD Conv Bond P2 69344FAB 408,375 550,000 550,000 550,000 PMI GROUP INC Common Stock 69344M10 863,320 22,600 22,600 22,600 PNC FINANCIAL SERVICES GROUP Common Stock 69347510 41,111,580 786,373 786,373 786,373 PPL CORPORATION Common Stock 69351T10 3,402,774 102,865 102,865 102,865 -------------- ----------- -------------- -------------- COLUMN TOTALS 333,988,977 92,946,987 92,946,987 92,946,987 * ITEM 7: MANAGERS - 1 PAGE 16 OF 08-13-2002 FORM 13F PAGE 15 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 063002 ----------------------------------------------------------------------------------------------------------------------------------- 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 GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ----------------------------------------------------------------------------------------------------------------------------------- PANERA BREAD COMPANY-CL A Common Stock 69840W10 7,442,073 215,900 215,900 215,900 PATTERSON DENTAL COMPANY Common Stock 70341210 9,855,671 195,821 195,821 195,821 PATTERSON-UTI ENERGY INC Common Stock 70348110 5,146,329 182,300 182,300 182,300 PAXSON COMMUNICATIONS CORP Common Stock 70423110 303,630 52,350 52,350 52,350 PAYLESS SHOESOURCE INC Common Stock 70437910 2,941,707 51,027 51,027 51,027 PENN NATIONAL GAMING INC Common Stock 70756910 6,033,060 332,400 332,400 332,400 JC PENNEY CO INC CONV BOND REG Conv Bond P2 708160BV 9,662,063 9,650,000 9,650,000 9,650,000 PEPSICO Common Stock 71344810 105,876,120 2,196,600 2,196,600 2,196,600 PERFORMANCE FOOD GROUP CP Common Stock 71375510 7,520,374 222,102 222,102 222,102 PFIZER INC Common Stock 71708110 184,135,175 5,261,005 5,261,005 5,261,005 PHARMACIA CORPORATION Common Stock 71713U10 696,570 18,600 18,600 18,600 PHELPS DODGE Common Stock 71726510 8,398,373 203,844 203,844 203,844 PHILIP MORRIS COS INC Common Stock 71815410 28,277,384 647,376 647,376 647,376 PHILLIPS PETROLEUM Common Stock 71850710 73,345,815 1,245,683 1,245,683 1,245,683 PHOENIX COMPANIES INC Common Stock 71902E10 11,094,979 604,631 604,631 604,631 PHOTON DYNAMICS INC Common Stock 71936410 4,983,000 166,100 166,100 166,100 PIER 1 IMPORTS INC Common Stock 72027910 8,754,900 416,900 416,900 416,900 PINNACLE ENTERTAINMENT INC Common Stock 72345610 1,072,195 100,865 100,865 100,865 PITNEY BOWES INC Common Stock 72447910 11,129,544 280,200 280,200 280,200 PLACER DOME INC Common Stock 72590610 196,175 17,500 17,500 17,500 PLANAR SYSTEMS INC Common Stock 72690010 4,623,850 240,200 240,200 240,200 POLYONE CORPORATION Common Stock 73179P10 2,386,283 212,114 212,114 212,114 PORTAL SOFTWARE Common Stock 73612610 13,425 17,900 17,900 17,900 POWERWAVE TECHNOLOGIES INC Common Stock 73936310 458,000 50,000 50,000 50,000 PREMCOR INC Common Stock 74045Q10 1,958,604 76,151 76,151 76,151 PREMIERE TECHNOLOGIES CNV BD Conv Bond P2 74058FAC 477,250 575,000 575,000 575,000 -------------- ----------- ------------- ------------ COLUMN TOTALS 496,782,187 23,232,569 23,232,569 23,232,569 * ITEM 7: MANAGERS - 1 PAGE 17 OF 08-13-2002 FORM 13F PAGE 16 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 063002 -------------------------------------------------------------------------------------------------------------------------------- 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 GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) --------------------------------------------------------------------------------------------------------------------------------- PRIDE INTERNATIONAL INC Common Stock 74153Q10 1,110,294 70,900 70,900 70,900 PRIMEDIA INC Common Stock 74157K10 99,674 81,700 81,700 81,700 PRIDE INTERNATIONAL INC CNV BN Conv Bond P2 741932AB 21,281,542 45,045,000 45,045,000 45,045,000 PROCTER & GAMBLE Common Stock 74271810 27,874,459 312,144 312,144 312,144 PROQUEST COMPANY Common Stock 74346P10 7,341,400 206,800 206,800 206,800 PROVINCE HEALTHCARE CO Common Stock 74397710 9,147,387 409,096 409,096 409,096 PROVINCE HEALTHCARE CO CNV BND Conv Bond P2 743977AC 14,634,425 13,830,000 13,830,000 13,830,000 PROVIDIAN FINANCIAL CNV BND Conv Bond P2 74406AAA 22,339,207 30,300,000 30,300,000 30,300,000 PRUDENTIAL FINANCIAL INC Common Stock 74432010 49,215,908 1,475,297 1,475,297 1,475,297 QUADRAMED CNV BD Conv Bond P2 74730WAC 22,948,008 25,320,000 25,320,000 25,320,000 QUEST DIAGNOSTICS INC Common Stock 74834L10 2,615,920 30,400 30,400 30,400 QUEST DIAGNOSTIC INC CONV BD Conv Bond P2 74834LAF 18,927,785 16,250,000 16,250,000 16,250,000 RACING CHAMPIONS ERTL CORP Common Stock 75006910 2,810,016 158,400 158,400 158,400 RADIO ONE INC - CL D Common Stock 75040P40 4,064,923 273,364 273,364 273,364 RARE HOSPITALITY INTL INC Common Stock 75382010 7,949,476 295,300 295,300 295,300 RATIONAL SOFTWARE CORP CNV BND Conv Bond P2 75409PAC 8,244,529 10,039,000 10,039,000 10,039,000 RAYMOND JAMES FINANCIAL INC Common Stock 75473010 3,595,761 126,300 126,300 126,300 RAYTHEON COMPANY Common Stock 75511150 50,382,974 1,236,392 1,236,392 1,236,392 RELIANT RESOURCES INC Common Stock 75952B10 91,000 10,400 10,400 10,400 RETEK INC Common Stock 76128Q10 6,395,760 263,200 263,200 263,200 ROSYLN BANCORP INC Common Stock 77816210 997,631 45,700 45,700 45,700 RUBY TUESDAY INC Common Stock 78118210 5,135,180 264,700 264,700 264,700 RUDOLPH TECHNOLOGIES INC Common Stock 78127010 4,468,802 179,254 179,254 179,254 RURAL CELLULAR CORP-CL A Common Stock 78190410 26,520 25,500 25,500 25,500 RYLAND GROUP INC Common Stock 78376410 4,771,025 95,900 95,900 95,900 SBC COMMUNICATIONS (SOUTHWESTE Common Stock 78387G10 14,194,182 465,383 465,383 465,383 -------------- ----------- -------------- -------------- COLUMN TOTALS 310,663,787 146,810,130 146,810,130 146,810,130 * ITEM 7: MANAGERS - 1 PAGE 18 OF 08-13-2002 FORM 13F PAGE 17 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 063002 ---------------------------------------------------------------------------------------------------------------------------------- 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 GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ----------------------------------------------------------------------------------------------------------------------------------- SCI SYSTEMS INC CONV BOND Conv Bond P2 783890AF 1,242,500 1,750,000 1,750,000 1,750,000 S & P 500 DEPOSITORY RECEIPT Common Stock 78462F10 12,666,880 128,000 128,000 128,000 SPX CORP Common Stock 78463510 2,467,500 21,000 21,000 21,000 SPX CORP CNV BND REG Conv Bond P2 784635AD 15,263,625 22,655,000 22,655,000 22,655,000 SRA INTERNATIONAL INC CL A Common Stock 78464R10 561,184 20,800 20,800 20,800 SAFEWAY INC Common Stock 78651420 16,597,434 568,600 568,600 568,600 THE ST JOE COMPANY Common Stock 79014810 600,400 20,000 20,000 20,000 SALEM COMMUNICATIONS CL A Common Stock 79409310 982,365 39,500 39,500 39,500 SAP AG SPONSORED ADR Common Stock 80305420 1,481,690 61,000 61,000 61,000 HENRY SCHEIN INC Common Stock 80640710 8,975,650 201,700 201,700 201,700 SCHERING-PLOUGH Common Stock 80660510 2,789,222 113,383 113,383 113,383 SCIENTIFIC GAMES CORP-A Common Stock 80874P10 2,555,092 321,800 321,800 321,800 SEARS ROEBUCK & CO Common Stock 81238710 66,668,671 1,227,784 1,227,784 1,227,784 SEMTECH CORP Common Stock 81685010 1,188,150 44,500 44,500 44,500 SHAW GROUP INC Common Stock 82028010 844,250 27,500 27,500 27,500 SIEBEL SYSTEMS CNV BND REG Conv Bond P2 826170AC 7,121,550 7,230,000 7,230,000 7,230,000 SMITH & WOLENSKY RESTAURANT Common Stock 83175810 2,780,509 491,256 491,256 491,256 SONIC CORP Common Stock 83545110 9,360,180 298,000 298,000 298,000 SONIC AUTOMOTIVE INC Common Stock 83545G10 916,700 35,600 35,600 35,600 SPRINT CORP Common Stock 85206110 7,142,950 673,228 673,228 673,228 STARWOOD HOTELS & RESORTS Common Stock 85590A20 32,495,320 988,000 988,000 988,000 STATE STREET CORP Common Stock 85747710 35,699,655 798,650 798,650 798,650 STERICYCLE INC Common Stock 85891210 247,870 7,000 7,000 7,000 STEWART ENTERPRISES INC CLS A Common Stock 86037010 327,418 51,400 51,400 51,400 SUN MICROSYSTEMS INC Common Stock 86681010 1,282,059 255,900 255,900 255,900 SUNGARD DATA SYSTEMS INC Common Stock 86736310 36,370,280 1,373,500 1,373,500 1,373,500 -------------- ----------- -------------- ----------- COLUMN TOTALS 268,599,103 39,403,101 39,403,101 39,403,101 * ITEM 7: MANAGERS - 1 PAGE 19 OF 08-13-2002 FORM 13F PAGE 18 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 063002 ----------------------------------------------------------------------------------------------------------------------------------- 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 GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ------------------------------------------------------------------------------------------------------------------------------------ SUNOCO INC Common Stock 86764P10 4,718,267 132,424 132,424 132,424 SUNTRUST BANKS Common Stock 86791410 6,497,057 95,940 95,940 95,940 SUPERVALU INC. CNV BND REG Conv Bond P1 868536AP 18,733,188 60,960,000 60,960,000 60,960,000 SYMANTEC CORP Conv Bond P2 871503AB 4,976,375 4,100,000 4,100,000 4,100,000 SYNAPTICS INC Common Stock 87157D10 1,327,794 176,100 176,100 176,100 SYNOVUS FINL CORP Common Stock 87161C10 675,616 24,550 24,550 24,550 SYSCO Common Stock 87182910 91,317,384 3,354,790 3,354,790 3,354,790 TJX COMPANIES INC Common Stock 87254010 91,643,413 4,673,300 4,673,300 4,673,300 TRW INC Common Stock 87264910 3,985,466 69,945 69,945 69,945 TXU CORPORATION Common Stock 87316810 6,040,989 117,187 117,187 117,187 TARGET CORP Common Stock 87612E10 133,851,015 3,513,150 3,513,150 3,513,150 TECH DATA CORP Common Stock 87823710 2,316,420 61,200 61,200 61,200 TECHNE CORP Common Stock 87837710 2,606,964 92,380 92,380 92,380 TEKELEC INC CONV BOND REG Conv Bond P2 879101AC 4,876,763 6,030,000 6,030,000 6,030,000 TELLABS INC Common Stock 87966410 15,182,033 2,448,715 2,448,715 2,448,715 TEMPLE INLAND INC Common Stock 87986810 16,131,773 278,807 278,807 278,807 TENET HEALTHCARE CORP Common Stock 88033G10 157,960,935 2,207,700 2,207,700 2,207,700 TERADYNE INC Common Stock 88077010 340,750 14,500 14,500 14,500 TEVA PHAMACEUT FIN NV CONV BD Conv Bond P2 88163XAB 32,318,549 32,685,000 32,685,000 32,685,000 TEXAS INSTRS INC Common Stock 88250810 105,594,758 4,455,475 4,455,475 4,455,475 TEXTRON INC Common Stock 88320310 11,309,701 241,145 241,145 241,145 THERMO INS SYS CONV BOND Conv Bond P2 883556AH 15,579,688 16,250,000 16,250,000 16,250,000 TOO INC Common Stock 89033310 3,631,320 117,900 117,900 117,900 TORO CO Common Stock 89109210 2,253,706 39,650 39,650 39,650 TOWER AUTOMOTIVE INC CNV BND R Conv Bond P2 891707AE 2,393,750 2,500,000 2,500,000 2,500,000 TRANSOCEAN SEDCO FOREX CV BOND Conv Bond P2 893830AD 11,536,000 12,800,000 12,800,000 12,800,000 -------------- ----------- -------------- -------------- COLUMN TOTALS 747,799,672 157,439,858 157,439,858 157,439,858 * ITEM 7: MANAGERS - 1 PAGE 20 OF 08-13-2002 FORM 13F PAGE 19 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 063002 ------------------------------------------------------------------------------------------------------------------------------------ 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 GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ---------------------------------------------------------------------------------------------------------------------------------- TRAVELERS PROPERTY CASUALTY Common Stock 89420G10 13,651,691 771,282 771,282 771,282 TRIAD HOSPITALS INC Common Stock 89579K10 1,279,876 30,200 30,200 30,200 AOL/TRIBUNE Conv Prfd Stock 89604730 21,440,925 328,500 328,500 328,500 TRIGON HEALTHCARE INC Common Stock 89618L10 2,413,920 24,000 24,000 24,000 TWEETER HOME ENTERTAINMENT GRP Common Stock 90116710 4,749,303 290,655 290,655 290,655 TYCO INTL GROUP SA CONV BD Conv Bond P1 902118AW 4,968,000 7,200,000 7,200,000 7,200,000 TYCO INTL LTD Common Stock 90212410 1,756,300 130,000 130,000 130,000 UCBH HOLDINGS INC Common Stock 90262T30 7,267,512 191,200 191,200 91,200 USF&G CORP CONV BND Conv Bond P2 903290AD 6,183,750 8,500,000 8,500,000 8,500,000 ULTIMATE ELECTRONICS INC Common Stock 90384910 4,244,058 163,800 163,800 163,800 UNILEVER NV Common Stock 90478470 2,948,400 45,500 45,500 45,500 UNISYS CORP Common Stock 90921410 11,427,921 1,269,769 1,269,769 1,269,769 UNITED MICROELECTRONICS - ADR Common Stock 91087320 1,653,750 225,000 225,000 225,000 UNITED TECHNOLOGIES CORP Common Stock 91301710 231,443,872 3,408,599 3,408,599 3,408,599 UNITEDHEALTH GROUP Common Stock 91324P10 335,482,686 3,664,475 3,664,475 3,664,475 UNIVERSAL HEALTH SVCS INC CL B Common Stock 91390310 1,127,000 23,000 23,000 23,000 UNIVERSAL HEALTH SERV CNV BND Conv Bond P2 913903AL 4,348,750 7,000,000 7,000,000 7,000,000 UNOCAL CORP Common Stock 91528910 72,411,007 1,960,233 1,960,233 1,960,233 VEECO INSTRUMENTS INC Common Stock 92241710 1,058,438 45,800 45,800 45,800 VERITAS SOFTWARE CONV BOND Conv Bond P2 92343RAA 13,270,266 15,890,000 15,890,000 15,890,000 VERIZON COMMUNICATIONS Common Stock 92343V10 92,327,053 2,299,553 2,299,553 2,299,553 VERIZON GLOBAL FDG CORP CNV BN Conv Bond P1 92344GAN 18,328,350 33,630,000 33,630,000 33,630,000 VERTEX PHARMACEUTICALS CONV BD Conv Bond P2 92532FAD 32,323,135 39,295,000 39,295,000 39,295,000 VIACOM INC-CL B Common Stock 92552430 69,996,426 1,577,562 1,577,562 1,577,562 VIASYS HEALTHCARE INC Common Stock 92553Q20 1,308,750 75,000 75,000 75,000 VITESSE SEMICONDUCTOR CNV Conv Bond P2 928497AB 27,059,669 36,216,000 36,216,000 36,216,000 -------------- ----------- -------------- ------------- COLUMN TOTALS 984,470,808 164,255,128 164,255,128 164,255,128 * ITEM 7: MANAGERS - 1 PAGE 21 OF 08-13-2002 FORM 13F PAGE 20 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 063002 --------------------------------------------------------------------------------------------------------------------------------- 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 GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ------------------------------------------------------------------------------------------------------------------------------------ VITRIA TECHNOLOGY INC Common Stock 92849Q10 14,400 15,000 15,000 15,000 VORNADO REALTY TRUST CV PFD Conv Prfd Stock 92904220 5,050,050 78,600 78,600 78,600 WCI COMMUNITIES INC Common Stock 92923C10 648,480 22,400 22,400 22,400 WPP GROUP PLC SPONSORED ADR Common Stock 92930930 2,904,938 65,900 65,900 65,900 WAL MART STORES INC Common Stock 93114210 167,411,933 3,043,300 3,043,300 3,043,300 WALGREEN Common Stock 93142210 160,179,295 4,146,500 4,146,500 4,146,500 WASHINGTON MUTUAL SAVINGS BANK Common Stock 93932210 58,911,531 1,587,484 1,587,484 1,587,484 WASTE CONNECTIONS INC Common Stock 94105310 5,039,012 161,300 161,300 161,300 WATSON PHARMACEUTICALS INC Common Stock 94268310 28,444,038 1,125,605 1,125,605 1,125,605 WEATHERFORD INTL INC CNV BND Conv Bond P2 947074AB 4,753,125 7,500,000 7,500,000 7,500,000 WELLPOINT HEALTH NETWORKS Common Stock 94973H10 95,690,738 1,229,800 1,229,800 1,229,800 WENDYS INTL INC Common Stock 95059010 4,245,320 106,586 106,586 106,586 WERNER ENTERPRISES INC Common Stock 95075510 255,720 12,000 12,000 12,000 WHITEHALL JEWELLERS INC Common Stock 96506310 4,913,600 236,800 236,800 236,800 WILLIAMS-SONOMA INC Common Stock 96990410 7,383,357 240,814 240,814 240,814 WINTRUST FINANCIAL CORP Common Stock 97650W10 5,894,185 170,500 170,500 170,500 QUEBECOR WORLD INC CNV BND Conv Bond P2 981443AA 7,790,670 7,281,000 7,281,000 7,281,000 WORLDCOM INC-WORLDCOM GROUP Common Stock 98157D10 100 10,000 10,000 10,000 XL CAPITAL LTD CONV BOND Conv Bond P1 98372PAB 24,379,380 38,855,000 38,855,000 38,855,000 XCEL ENERGY INC Common Stock 98389B10 7,458,239 444,737 444,737 444,737 XILINX INC Common Stock 98391910 60,368,102 2,691,400 2,691,400 2,691,400 YOUNG & RUBICAM INC CNV BND Conv Bond P2 987425AC 14,100,000 15,000,000 15,000,000 15,000,000 YUM! BRANDS INC Common Stock 98849810 9,797,814 334,968 334,968 334,968 ZORAN CORP Common Stock 98975F10 7,904,729 345,034 345,034 345,034 AMDOCS LTD Common Stock G0260210 82,295 10,900 10,900 10,900 COOPER INDUSTRIES CL A Common Stock G2418210 42,284,796 1,075,949 1,075,949 1,075,949 -------------- ---------- -------------- ---------- COLUMN TOTALS 725,905,848 85,791,577 85,791,577 85,791,577 * ITEM 7: MANAGERS - 1 PAGE 22 OF 08-13-2002 FORM 13F PAGE 21 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 063002 ---------------------------------------------------------------------------------------------------------------------------------- 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 GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ------------------------------------------------------------------------------------------------------------------------------------ GLOBALSANTAFE CORP Common Stock G3930E10 2,196,151 80,298 80,298 80,298 INGERSOLL-RAND CO CLASS A Common Stock G4776G10 24,461,020 535,721 535,721 535,721 NORDIC AMERICAN TANKER SHIPPIN Common Stock G6577310 204,750 15,000 15,000 15,000 RENAISSANCERE HOLDINGS LTD Common Stock G7496G10 2,550,691 69,691 69,691 69,691 SCOTTISH ANNUITY & LIFE HLDG Common Stock G7885T10 5,231,736 274,200 274,200 274,200 WILLIS GROUP HOLDINGS LTD Common Stock G9665510 1,982,828 60,250 60,250 60,250 UBS AG-REGISTERED Common Stock H8920M85 1,428,101 28,625 28,625 28,625 PRECISE SOFTWARE SOLUTIONS Common Stock M4145010 2,005,500 210,000 210,000 210,000 ASM INTERNATIONAL N.V Common Stock N0704510 2,842,722 164,700 164,700 164,700 ORTHOFIX INTERNATIONAL NV Common Stock N6748L10 4,454,630 126,732 126,732 126,732 ASE TEST LIMITED Common Stock Y0251610 3,104,000 320,000 320,000 320,000 FLEXTRONICS INTL LTD Common Stock Y2573F10 299,460 42,000 42,000 42,000 -------------- ---------- -------------- -------------- COLUMN TOTALS 50,761,588 1,927,217 1,927,217 1,927,217 -------------- ---------- -------------- -------------- REPORT TOTALS 12,503,870,378 2,147,525,047 2,147,525,047 2,147,525,047 =============== ============= ============== ============= * ITEM 7: MANAGERS - 1 PAGE 23 OF