-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AMW3vN6V5SD4KRE6Dc+iMW1r0phQ5L7sM53HvkFbBODMRc2KpnvxJx0E13NDFj79 Oteol40H/IYfz+rZvgBvbw== 0000061227-03-000022.txt : 20030813 0000061227-03-000022.hdr.sgml : 20030813 20030813103316 ACCESSION NUMBER: 0000061227-03-000022 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030630 FILED AS OF DATE: 20030813 EFFECTIVENESS DATE: 20030813 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MACKAY SHIELDS LLC CENTRAL INDEX KEY: 0000061227 IRS NUMBER: 132631681 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-00046 FILM NUMBER: 03839361 BUSINESS ADDRESS: STREET 1: 9 WEST 57TH STREET STREET 2: 37TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-230-3828 MAIL ADDRESS: STREET 1: 9 WEST 57TH STREET CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: MACKAY SHIELDS FINANCIAL CORP DATE OF NAME CHANGE: 19920929 13F-HR 1 f13.txt
07-28-2003 FORM 13F PAGE 1 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 06/30/2003 - ---------------------------------------------------------------------------------------------------------------------- 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 7,220,588 360,482 360,482 360,482 AFLAC INC Common Stock 00105510 1,510,901 49,135 49,135 49,135 AGCO CP Common Stock 00108410 12,319,052 721,256 721,256 721,256 AK STL HLDG CORP Common Stock 00154710 1,732,822 478,680 478,680 478,680 AOL TIME WARNER Common Stock 00184A10 1,272,719 79,100 79,100 79,100 ATMI INC Common Stock 00207R10 5,330,179 213,464 213,464 213,464 AT & T WIRELESS SERVICES INC Common Stock 00209A10 2,963,432 360,954 360,954 360,954 ABERCROMBIE & FITCH CO CLS A Common Stock 00289620 1,094,353 38,520 38,520 38,520 ABITIBI-CONSOLIDATED INC Common Stock 00392410 12,799,264 1,996,765 1,996,765 1,996,765 ACTIVISION INC Common Stock 00493020 1,155,048 89,400 89,400 89,400 ADVANCE AUTO PARTS Common Stock 00751Y10 5,032,593 82,637 82,637 82,637 ADVANCED MICRO DEVICES Common Stock 00790310 27,018,503 4,215,055 4,215,055 4,215,055 ADVANCED MICRO DEVICES CONV BD Conv Bond P2 007903AF 17,095,613 21,560,000 21,560,000 21,560,000 ADVANCEPCS Common Stock 00790K10 7,575,591 198,158 198,158 198,158 ADVANCED ENERGY INDUSTRIES Common Stock 00797310 3,903,459 273,923 273,923 273,923 AFFILIATED COMPUTER SVSC Common Stock 00819010 1,522,809 33,300 33,300 33,300 AFFILIATED MANAGERS GROUP Common Stock 00825210 9,235,448 151,525 151,525 151,525 AFFILIATED MANAGERS GRP CONV B Conv Bond P1 008252AC 5,494,775 5,830,000 5,830,000 5,830,000 AGILENT TECHNOLOGIES Common Stock 00846U10 63,954,697 3,271,340 3,271,340 3,271,340 AIR PRODUCTS & CHEMICALS Common Stock 00915810 90,538,199 2,176,399 2,176,399 2,176,399 AIRGAS INC Common Stock 00936310 5,300,621 316,455 316,455 316,455 AKAMAI TECHNOLOGIES INC Conv Bond P2 00971TAC 2,484,281 3,285,000 3,285,000 3,285,000 ALARIS MEDICAL SYSTEMS INC Common Stock 01163710 4,532,500 350,000 350,000 350,000 ALBERTSON'S INC Common Stock 01310410 64,704 3,370 3,370 3,370 ALCOA INC Common Stock 01381710 62,800,967 2,462,783 2,462,783 2,462,783 ALLIANCE DATA SYSTEMS CORP Common Stock 01858110 2,466,360 105,400 105,400 105,400 ALLIANT TECHSYSTEMS INC Common Stock 01880410 1,129,043 21,750 21,750 21,750 ----------- ----------- -------------- -------------- COLUMN TOTALS 357,548,521 48,724,851 48,724,851 48,724,851 * ITEM 7: MANAGERS - 1 PAGE 3 OF 07-28-2003 FORM 13F PAGE 2 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 06/30/2003 - ------------------------------------------------------------------------------------------------------------------------ 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) - ------------------------------------------------------------------------------------------------------------------------ ALLSTATE CORP Common Stock 02000210 46,406,389 1,301,722 1,301,722 1,301,722 ALLTEL CORP Common Stock 02003910 42,000,006 871,008 871,008 871,008 ALLTEL CORP CONV Conv Bond P2 02003982 129,350 2,600 2,600 2,600 ALTERA CORP Common Stock 02144110 1,018,440 62,100 62,100 62,100 ALTIRIS INC Common Stock 02148M10 5,708,434 285,212 285,212 285,212 ALZA CORP CONV BOND Conv Bond P2 02261WAB 8,418,688 11,735,000 11,735,000 11,735,000 AMERICAN EXPRESS Common Stock 02581610 144,295,675 3,451,224 3,451,224 3,451,224 AMERICAN INTL GROUP CONV BND Conv Bond P2 026874AN 28,353,808 29,927,000 29,927,000 29,927,000 AMERICAN ITALIAN PASTA CO - A Common Stock 02707010 516,460 12,400 12,400 12,400 AMERICAN PHARMACEUTICAL PARTNE Common Stock 02886P10 8,963,770 264,418 264,418 264,418 AMERICAN STANDARD COMPANIES Common Stock 02971210 53,419,609 712,976 712,976 712,976 AMERISTAR CASINOS INC Common Stock 03070Q10 3,235,315 151,537 151,537 151,537 AMERISOURCEBERGEN CORP Common Stock 03073E10 1,317,650 19,000 19,000 19,000 AMGEN Common Stock 03116210 133,529,520 1,993,573 1,993,573 1,993,573 AMGEN INC CONV BD REG Conv Bond P1 031162AE 15,989,600 20,240,000 20,240,000 20,240,000 AMKOR TECHNOLOGIES INC CONV BD Conv Bond P2 031652AN 1,605,625 1,750,000 1,750,000 1,750,000 AMPHENOL CORP -CL A Common Stock 03209510 13,613,571 290,764 290,764 290,764 ANALOG DEVICES Common Stock 03265410 101,717,229 2,921,230 2,921,230 2,921,230 ANALOG DEVICES INC CONV BND RE Conv Bond P2 032654AD 10,526,638 10,295,000 10,295,000 10,295,000 ANDRX CORP Common Stock 03455310 1,000,970 50,300 50,300 50,300 ANTHEM INC Common Stock 03674B10 1,291,877 16,745 16,745 16,745 APOLLO GROUP INC-CL A Common Stock 03760410 1,229,024 19,900 19,900 19,900 APRIA HEALTHCARE GROUP I Common Stock 03793310 41,135,995 1,653,376 1,653,376 1,653,376 APPLIED FILMS CORP Common Stock 03819710 6,824,643 263,704 263,704 263,704 APPLIED MATLS INC Common Stock 03822210 64,269,589 4,052,307 4,052,307 4,052,307 ARCH CHEMICALS INC Common Stock 03937R10 7,428,334 388,918 388,918 388,918 ARGOSY GAMING CO Common Stock 04022810 3,606,703 172,487 172,487 172,487 ---------- ---------- ------------ ------------ COLUMN TOTALS 747,552,912 92,904,501 92,904,501 92,904,501 * ITEM 7: MANAGERS - 1 PAGE 4 OF 07-28-2003 FORM 13F PAGE 3 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 06/30/2003 - ----------------------------------------------------------------------------------------------------------------------- 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) - ----------------------------------------------------------------------------------------------------------------------- ARROW ELECTRONIC INC Conv Bond P2 042735AY 329,063 675,000 675,000 675,000 ARTISAN COMPONENTS INC Common Stock 04292310 4,530,265 200,371 200,371 200,371 ARVINMERITOR INC Common Stock 04335310 6,292,689 311,828 311,828 311,828 ASPEN TECHNOLOGY INC CONV BD Conv Bond P2 045327AB 9,287,093 9,562,000 9,562,000 9,562,000 ATLANTIC COAST AIRLINES HLDG Common Stock 04839610 6,392,112 473,867 473,867 473,867 ATMEL CORP CNV BND REG Conv Bond P1 049513AE 24,893,506 64,695,000 64,695,000 64,695,000 AUTODESK INC Common Stock 05276910 3,529,344 218,400 218,400 218,400 AUTOZONE INC Common Stock 05333210 1,131,953 14,900 14,900 14,900 AVAYA INC CONV BD Conv Bond P1 053499AA 12,912,075 25,380,000 25,380,000 25,380,000 AVOCENT CORPORATION Common Stock 05389310 11,599,426 387,553 387,553 387,553 BB&T CORPORATION Common Stock 05493710 2,928,363 85,375 85,375 85,375 THE BISYS GROUP INC Common Stock 05547210 8,589,500 467,583 467,583 467,583 BJ SVCS CO Common Stock 05548210 65,859,329 1,762,830 1,762,830 1,762,830 BJ SERVICES CO CNVT BD REG Conv Bond P2 055482AF 47,129,668 56,957,000 56,957,000 56,957,000 BP AMOCO PLC ADR AMERICAN SHAR Common Stock 05562210 567,270 13,500 13,500 13,500 BAKER HUGHES Common Stock 05722410 77,984,956 2,323,055 2,323,055 2,323,055 BANK OF AMERICA CORP Common Stock 06050510 215,401,007 2,725,560 2,725,560 2,725,560 BANK NEW YORK INC Common Stock 06405710 9,812,375 341,300 341,300 341,300 BANK ONE CORP Common Stock 06423A10 28,411,506 764,161 764,161 764,161 BANKNORTH GROUP INC Common Stock 06646R10 609,469 23,882 23,882 23,882 BARNES GROUP INC Common Stock 06780610 3,394,560 156,000 156,000 56,000 BARR LABORATORIES INC Common Stock 06830610 15,153,098 231,345 231,345 231,345 BAUSCH & LOMB INC Common Stock 07170710 8,796,676 234,578 234,578 234,578 BAXTER INTERNATIONAL Common Stock 07181310 38,001,600 1,461,600 1,461,600 1,461,600 BAXTER INTERNATIONAL CONV PFD ConvPrfdStck 07181340 4,902,000 100,000 100,000 100,000 BE AEROSPACE INC Common Stock 07330210 1,175,050 355,000 355,000 355,000 BEAS SYSTEMS Conv Bond P2 073325AD 250,575 260,000 260,000 260,000 BECTON DICKINSON AND CO Common Stock 07588710 136,325 3,509 3,509 3,509 BED BATH & BEYOND INC Common Stock 07589610 105,587,456 2,720,625 2,720,625 2,720,625 ----------- ----------- ----------- ----------- COLUMN TOTALS 715,588,309 172,905,822 172,905,822 172,905,822 * ITEM 7: MANAGERS - 1 PAGE 5 OF 07-28-2003 FORM 13F PAGE 4 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 06/30/2003 - ----------------------------------------------------------------------------------------------------------------------- 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) - ----------------------------------------------------------------------------------------------------------------------- BELLSOUTH Common Stock 07986010 30,063,609 1,128,915 1,128,915 1,128,915 BERKLEY (WR) GROUP Common Stock 08442310 3,896,058 73,929 73,929 73,929 BEVERLY ENTERPRISES Common Stock 08785130 541,100 154,600 154,600 154,600 BIOVAIL CORP Common Stock 09067J10 1,077,674 22,900 22,900 22,900 BOEING CO Common Stock 09702310 31,720,088 924,245 924,245 924,245 BOISE CASCADE Common Stock 09738310 11,009,559 460,651 460,651 460,651 BOSTON SCIENTIFIC CORP Common Stock 10113710 91,033,501 1,489,910 1,489,910 1,489,910 BOWATER INC Common Stock 10218310 10,754,966 287,182 287,182 287,182 BRINKER INTL INC Common Stock 10964110 716,798 19,900 19,900 19,900 BRINKER INTERNATIONAL CONV BD Conv Bond P2 109641AC 11,818,551 16,560,000 16,560,000 16,560,000 BRISTOL-MYERS SQUIBB Common Stock 11012210 29,433,912 1,084,122 1,084,122 1,084,122 BROCADE COMMUNICATIONS SYS CON Conv Bond P2 111621AB 8,709,134 10,710,000 10,710,000 10,710,000 BROOKS AUTOMAT CNV BND REG Conv Bond P2 11434AAB 3,378,750 3,975,000 3,975,000 3,975,000 BURLINGTON NORTHERN SANTA FE Common Stock 12189T10 58,606,649 2,060,712 2,060,712 2,060,712 BURLINGTON RES INC Common Stock 12201410 11,004,759 203,528 203,528 203,528 BUSINESS OBJECTS SA-SP ADR Common Stock 12328X10 7,763,341 353,687 353,687 353,687 CNET INC CONV BND Conv Bond P2 125945AC 28,396,007 25,715,000 25,715,000 25,715,000 CNF INC Common Stock 12612W10 445,521 17,554 17,554 17,554 CSX CORP Common Stock 12640810 4,797,489 159,438 159,438 159,438 CVS CORPORATION Common Stock 12665010 66,909,964 2,387,084 2,387,084 2,387,084 CV THERAPEUTICS INC Common Stock 12666710 2,358,929 79,531 79,531 79,531 CACI INTERTNATIONAL INC CLA Common Stock 12719030 7,160,080 206,430 206,430 206,430 CALLAWAY GOLF CO Common Stock 13119310 6,707,749 507,394 507,394 507,394 CALPINE CORP CNV BND REG Conv Bond P2 131347BA 5,221,850 5,770,000 5,770,000 5,770,000 CANON INC - SP ADR Common Stock 13800630 3,277,624 71,799 71,799 71,799 CAPITAL ONE FINL CORP Common Stock 14040H10 1,259,008 25,600 25,600 25,600 ----------- ---------- ---------- ---------- COLUMN TOTALS 438,062,670 74,449,111 74,449,111 74,449,111 * ITEM 7: MANAGERS - 1 PAGE 6 OF 07-28-2003 FORM 13F PAGE 5 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 06/30/2003 - ----------------------------------------------------------------------------------------------------------------------- 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) - ----------------------------------------------------------------------------------------------------------------------- CARDINAL HEALTH INC Common Stock 14149Y10 119,847,806 1,863,885 1,863,885 1,863,885 CAREER EDUCATION CORP Common Stock 14166510 1,214,113 17,745 17,745 17,745 CAREMARK RX INC Common Stock 14170510 2,665,584 103,800 103,800 103,800 CELESTICA INC CNV BND Conv Bond P2 15101QAA 8,545,500 16,200,000 16,200,000 16,200,000 CELGENE CORP Common Stock 15102010 1,960,800 64,500 64,500 64,500 CENDANT CORPORATION Common Stock 15131310 123,923,277 6,764,371 6,764,371 6,764,371 CENDANT CORP CNV BND REG Conv Bond P2 151313AF 8,781,941 12,797,000 12,797,000 12,797,000 CENTERPOINT ENERGY INC Common Stock 15189T10 967,201 118,675 118,675 118,675 CENTEX CORP Common Stock 15231210 1,236,861 15,900 15,900 15,900 CENTURYTEL INC Common Stock 15670010 826,015 23,702 23,702 23,702 CHARLES RIVER LABORATORIES Common Stock 15986410 4,788,030 148,789 148,789 148,789 CHESAPEAKE ENERGY CORP Common Stock 16516710 4,491,470 444,700 444,700 444,700 CHEVRON TEXACO CORP Common Stock 16676410 67,317,114 932,370 932,370 932,370 CHICO'S FAS INC. Common Stock 16861510 1,936,495 91,995 91,995 91,995 CHUBB CORP Common Stock 17123210 6,278,280 104,638 104,638 104,638 CIENA CORP CONV BOND Conv Bond P2 171779AA 67,750,593 78,365,000 78,365,000 78,365,000 CISCO SYS INC Common Stock 17275R10 141,142,776 8,507,702 8,507,702 8,507,702 CITIGROUP INC Common Stock 17296710 187,376,089 4,377,946 4,377,946 4,377,946 CALIF FED BK - GOODWILL CERTIF Common Stock 17306J20 48,812 45,619 45,619 45,619 UNION PAC / CITIGROUP GL CNV B Conv Bond P2 173073AT 24,054,800 24,640,000 24,640,000 24,640,000 CITRIX SYSTEMS INC Common Stock 17737610 4,456,804 218,900 218,900 218,900 CITY NATIONAL CORP Common Stock 17856610 513,064 11,514 11,514 11,514 CLAIRE'S STORES INC Common Stock 17958410 946,587 37,326 37,326 37,326 CLARCOR INC Common Stock 17989510 7,398,786 191,927 191,927 191,927 CLEAR CHANNEL COMMUNICATIONS Common Stock 18450210 127,688,133 3,012,223 3,012,223 3,012,223 CLOROX Common Stock 18905410 3,585,585 84,070 84,070 84,070 ----------- ----------- ----------- ----------- COLUMN TOTALS 919,742,516 159,184,297 159,184,297 159,184,297 * ITEM 7: MANAGERS - 1 PAGE 7 OF 07-28-2003 FORM 13F PAGE 6 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 06/30/2003 - ----------------------------------------------------------------------------------------------------------------------- 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) - ----------------------------------------------------------------------------------------------------------------------- COACH INC Common Stock 18975410 1,435,994 28,870 28,870 28,870 COCA-COLA CO Common Stock 19121610 81,826,910 1,763,131 1,763,131 1,763,131 COLGATE PALMOLIVE CO Common Stock 19416210 99,965,778 1,725,035 1,725,035 1,725,035 COMCAST CORP-SPECIAL CL A Common Stock 20030N20 1,983,504 68,800 68,800 68,800 COMMONWEALTH INDUSTRIES INC Common Stock 20300410 1,597,154 338,380 338,380 338,380 COMPASS BANCSHARES INC Common Stock 20449H10 10,696,793 306,261 306,261 306,261 COMPUTER SCIENCES CORP Common Stock 20536310 25,381,516 665,832 665,832 665,832 COMVERSE TECHNOLOGY CNV BND Conv Bond P2 205862AJ 5,131,913 5,445,000 5,445,000 5,445,000 CONOCOPHILLIPS Common Stock 20825C10 72,877,643 1,329,884 1,329,884 1,329,884 CONSTELLATION ENERGY GROUP Common Stock 21037110 836,920 24,400 24,400 24,400 COOPER CAMERON CORP Common Stock 21664010 458,458 9,100 9,100 9,100 COOPER CAMERON CORP CNV BND Conv Bond P2 216640AB 24,244,688 24,185,000 24,185,000 24,185,000 COOPER COMPANIES INC Common Stock 21664840 1,321,260 38,000 38,000 38,000 COORS ADOLPH CO CL B Common Stock 21701610 647,320 13,216 13,216 13,216 CORINTHIAN COLLEGES INC Common Stock 21886810 7,413,228 152,631 152,631 152,631 CORN PRODUCTS INTL INC Common Stock 21902310 589,669 19,636 19,636 19,636 CORNING INC CONV BD Conv Bond P2 219350AK 4,924,494 4,565,000 4,565,000 4,565,000 CORPORATE EXECUTIVE BOARD CO Common Stock 21988R10 5,540,897 135,744 135,744 135,744 COVENTRY HEALTH CARE INC Common Stock 22286210 11,123,729 240,982 240,982 240,982 PCS/COX COMM CONV BOND Conv Bond P2 224044AX 30,764,905 55,615,000 55,615,000 55,615,000 CRANE CO Common Stock 22439910 327,592 14,476 14,476 14,476 CROMPTON CORPORATION Common Stock 22711610 2,636,630 373,990 373,990 373,990 CUMMINS, INC Common Stock 23102110 20,679,316 576,186 576,186 576,186 CYMER INC Common Stock 23257210 6,382,938 199,403 199,403 199,403 CYPRESS SEMICONDUCTOR CORP Common Stock 23280610 1,106,400 92,200 92,200 92,200 CYPRESS SEMICONDUCTOR CNV BND Conv Bond P2 232806AE 25,187,500 25,000,000 25,000,000 25,000,000 ----------- ----------- ----------- ----------- COLUMN TOTALS 445,083,149 122,926,157 122,926,157 122,926,157 * ITEM 7: MANAGERS - 1 PAGE 8 OF 07-28-2003 FORM 13F PAGE 7 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 06/30/2003 - ----------------------------------------------------------------------------------------------------------------------- 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) - ----------------------------------------------------------------------------------------------------------------------- CYPRESS SEMICONDUCTOR CONV BD Conv Bond P2 232806AF 3,511,813 3,490,000 3,490,000 3,490,000 CYTYC CORPORATION Common Stock 23294610 2,677,340 254,500 254,500 254,500 DQE INC Common Stock 23329J10 584,460 38,783 38,783 38,783 D.R. HORTON INC Common Stock 23331A10 2,113,823 75,225 75,225 75,225 DTE ENERGY COMPANY Common Stock 23333110 13,353,945 345,599 345,599 345,599 DANAHER CORP Common Stock 23585110 97,301,973 1,429,860 1,429,860 1,429,860 DEAN FOODS CO Common Stock 24237010 5,716,999 181,492 181,492 181,492 DELL INC Common Stock 24702510 103,525,791 3,239,230 3,239,230 3,239,230 DELPHI CORP Common Stock 24712610 35,637,964 4,129,544 4,129,544 4,129,544 DELTA AIR LINES Common Stock 24736110 4,042,872 275,400 275,400 275,400 DEVON ENERGY CNV BND Conv Bond P1 25179MAD 2,938,825 5,380,000 5,380,000 5,380,000 DIAGEO PLC -SPONS ADR Common Stock 25243Q20 1,318,533 30,131 30,131 30,131 DIAGNOSTIC PRODS CORP Common Stock 25245010 7,853,481 191,315 191,315 191,315 DIAMONDS TRUST SERIES I Common Stock 25278710 9,955,251 110,700 110,700 110,700 DICK'S SPORTING GOODS INC Common Stock 25339310 3,308,536 90,200 90,200 90,200 DIME COMMUNITY BANCSHARES Common Stock 25392210 4,866,023 191,199 191,199 191,199 DOCUMENTUM INC Common Stock 25615910 5,710,968 290,342 290,342 290,342 DORAL FINANCIAL CORP Common Stock 25811P10 4,459,240 99,871 99,871 99,871 E M C CORP MASS Common Stock 26864810 1,382,040 132,000 132,000 132,000 ENSCO INTL INC Common Stock 26874Q10 7,858,324 292,131 292,131 292,131 ENI SPA - SPONSORED ADR Common Stock 26874R10 722,380 9,500 9,500 9,500 E*TRADE GROUP INC CONV BD Conv Bond P2 269246AB 10,578,750 10,850,000 10,850,000 10,850,000 E*TRADE GROUP INC CONV BOND RE Conv Bond P2 269246AD 16,582,950 15,480,000 15,480,000 15,480,000 EDUCATION MANAGEMENT CORP Common Stock 28139T10 5,820,078 109,442 109,442 109,442 EDWARDS (A.G.) INC Common Stock 28176010 2,311,920 67,600 67,600 67,600 EL PASO ENER CAP TR CNVPFD ConvPrfdStck 28367820 3,278,645 113,210 113,210 113,210 ---------- ---------- ----------- ----------- COLUMN TOTALS 357,412,924 46,897,274 46,897,274 46,897,274 * ITEM 7: MANAGERS - 1 PAGE 9 OF 07-28-2003 FORM 13F PAGE 8 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 06/30/2003 - ----------------------------------------------------------------------------------------------------------------------- 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) - ----------------------------------------------------------------------------------------------------------------------- ELECTRONIC ARTS INC Common Stock 28551210 91,080,210 1,230,980 1,230,980 1,230,980 EMPRESA BRASILIERA DE AE - ADR Common Stock 29081M10 744,900 39,000 39,000 39,000 EMULEX CORP Common Stock 29247520 5,331,140 234,130 234,130 234,130 ENERGY EAST CORPORATION Common Stock 29266M10 8,649,945 416,664 416,664 416,664 ENERGIZER HOLDINGS INC Common Stock 29266R10 5,971,903 190,188 190,188 190,188 ENTERGY Common Stock 29364G10 6,099,732 115,569 115,569 115,569 EQUITABLE RES INC Common Stock 29454910 694,536 17,048 17,048 17,048 EQUITY OFFICE PROPERTIES TRUST ConvPrfdStck 29474150 5,387,925 108,300 108,300 108,300 ESCO TECHNOLOGIES INC Common Stock 29631510 7,016,636 159,469 159,469 159,469 EVREGREEN RESOURCES INC Common Stock 29990030 5,077,062 93,483 93,483 93,483 EXTREME NETWORKS INC CONV BD R Conv Bond P2 30226DAB 6,406,688 7,050,000 7,050,000 7,050,000 EXXON MOBIL CORPORATION Common Stock 30231G10 61,304,367 1,707,167 1,707,167 1,707,167 FLIR SYSTEMS INC Common Stock 30244510 10,285,215 341,136 341,136 341,136 FACTSET RESEARCH SYSTEMS INC Common Stock 30307510 1,273,045 28,900 28,900 28,900 FAIRCHILD SEMICON INTL Common Stock 30372610 10,844,807 847,913 847,913 847,913 FAIRCHILD SEMICONDUCTOR CONV B Conv Bond P2 303727AJ 11,675,781 12,007,000 12,007,000 12,007,000 FANNIE MAE Common Stock 31358610 103,941,900 1,541,250 1,541,250 1,541,250 FEDERATED DEPT STORES Common Stock 31410H10 12,582,838 341,461 341,461 341,461 FEDEX CORPORATION Common Stock 31428X10 102,477,902 1,652,070 1,652,070 1,652,070 FELCOR LODGING TRUST INC Common Stock 31430F10 1,820,415 231,900 231,900 231,900 FIBERMARK INC Common Stock 31564610 190,944 40,800 40,800 40,800 FIFTH THIRD BANCORP Common Stock 31677310 83,177,977 1,450,610 1,450,610 1,450,610 FINISAR CORP CONV BD Conv Bond P2 31787AAC 3,682,850 5,045,000 5,045,000 5,045,000 FIRST DATA CORP Common Stock 31996310 107,088,419 2,584,180 2,584,180 2,584,180 FIRST VIRGINIA BANKS INC Common Stock 33747710 740,888 17,182 17,182 17,182 FISERV INC Common Stock 33773810 665,907 18,700 18,700 18,700 ----------- ---------- ---------- ------------ COLUMN TOTALS 654,213,932 37,510,100 37,510,100 37,510,100 * ITEM 7: MANAGERS - 1 PAGE 10 OF 07-28-2003 FORM 13F PAGE 9 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 06/30/2003 - ----------------------------------------------------------------------------------------------------------------------- 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) - ------------------------------------------------------------------------------------------------------------------------ FIRSTENERGY CORP Common Stock 33793210 36,652,693 953,256 953,256 953,256 FISHER SCIENTIFIC INTL Common Stock 33803220 4,167,235 119,405 119,405 119,405 FLEET BOSTON FINANCIAL CORP Common Stock 33903010 30,370,096 1,022,218 1,022,218 1,022,218 FLUOR CORP Common Stock 34341210 1,106,756 32,900 32,900 32,900 FLOWSERVE CORPORATION Common Stock 34354P10 787,528 40,037 40,037 40,037 FORD MOTOR CO CAP TR II CV PF ConvPrfdStck 34539520 25,727,180 592,110 592,110 592,110 FOREST LABORATORIES INC Common Stock 34583810 105,391,560 1,924,960 1,924,960 1,924,960 FORTUNE BRANDS INC Common Stock 34963110 5,154,906 98,753 98,753 98,753 FOSSIL INC Common Stock 34988210 5,572,955 236,540 236,540 236,540 FRED'S INC Common Stock 35610810 7,169,959 192,734 192,734 192,734 GANNETT CO Common Stock 36473010 94,174,437 1,226,070 1,226,070 1,226,070 GAP INC CNV BD REG Conv Bond P2 364760AJ 13,198,018 9,786,000 9,786,000 9,786,000 GATEWAY INC Common Stock 36762610 1,186,834 325,160 325,160 325,160 GENENTECH INC Common Stock 36871040 36,701,868 508,900 508,900 508,900 GENERAL ELEC CO Common Stock 36960410 101,743,447 3,547,540 3,547,540 3,547,540 GENERAL GROWTH PROPERTIES Common Stock 37002110 797,733 12,776 12,776 12,776 GENERAL MOTORS CONV PFD ConvPrfdStck 37044273 18,356,810 769,352 769,352 769,352 GENZYME CORP CNV BND REG Conv Bond P2 372917AK 15,264,065 15,226,000 15,226,000 15,226,000 GETTY IMAGES INC Common Stock 37427610 3,122,280 75,600 75,600 75,600 GETTY IMAGES INC CONV BOND REG Conv Bond P2 374276AE 9,072,810 8,766,000 8,766,000 8,766,000 GIANT INDUSTRIES INC Common Stock 37450810 1,141,668 191,555 191,555 191,555 GILEAD SCIENCES INC Common Stock 37555810 1,386,388 24,944 24,944 24,944 GLENBOROUGH REALTY CNVPFD A ConvPrfdStck 37803P20 1,560,000 65,000 65,000 65,000 GLOBAL IMAGING SYSTEMS INC Common Stock 37934A10 9,890,861 427,070 427,070 427,070 GLOBAL MARINE CONV BOND REG Conv Bond P2 379352AN 8,037,090 14,008,000 14,008,000 14,008,000 GOLDMAN SACHS GROUP INC Common Stock 38141G10 59,659,760 707,256 707,256 707,256 ----------- ----------- ----------- ----------- COLUMN TOTALS 597,394,937 60,880,136 60,880,136 60,880,136 * ITEM 7: MANAGERS - 1 PAGE 11 OF 07-28-2003 FORM 13F PAGE 10 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 06/30/2003 - ----------------------------------------------------------------------------------------------------------------------- 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) - ----------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS GROUP INC CNV BN Conv Bond P1 38141GCH 15,628,500 16,560,000 16,560,000 16,560,000 GREY WOLF INC Common Stock 39788810 2,305,224 570,600 570,600 570,600 GUITAR CENTER INC Common Stock 40204010 5,799,860 199,993 199,993 199,993 HCA INC Common Stock 40411910 87,012,950 2,715,760 2,715,760 2,715,760 HDFC BANK LTD - ADR Common Stock 40415F10 1,680,000 89,600 89,600 89,600 HALLIBURTON Common Stock 40621610 3,636,300 158,100 158,100 158,100 HARLEY DAVIDSON INC Common Stock 41282210 139,033,274 3,488,040 3,488,040 3,488,040 HARMAN INTL INDS INC NEW Common Stock 41308610 11,140,544 138,243 138,243 138,243 HARTFORD FINANCIAL SVCS GROUP Common Stock 41651510 63,319,189 1,257,331 1,257,331 1,257,331 HASBRO INC Common Stock 41805610 679,242 38,836 38,836 38,836 HEALTH CARE PPTYS INVEST INC Common Stock 42191510 5,593,672 132,082 132,082 132,082 HEALTH MGMT ASSOC INC NE CLS A Common Stock 42193310 1,714,005 92,900 92,900 92,900 HEALTH MGMT ASSOC CONV Conv Bond P2 421933AB 223,125 350,000 350,000 350,000 HEADWATERS INC Common Stock 42210P10 6,234,561 415,428 415,428 415,428 HEINZ (H.J) Common Stock 42307410 221,955 6,730 6,730 6,730 HERLEY INDS INC Common Stock 42739810 10,733 640 640 640 HEWLETT PACKARD CO Common Stock 42823610 120,181,416 5,642,320 5,642,320 5,642,320 HIBBETT SPORTING GOODS INC Common Stock 42856510 5,828,173 176,933 176,933 176,933 HIBERNIA CORP CL A Common Stock 42865610 3,608,029 198,680 198,680 198,680 HIGHWOODS PROPERTIES INC Common Stock 43128410 5,503,863 246,810 246,810 246,810 HOSPITALITY PROPERTIES TRUST Common Stock 44106M10 606,438 19,406 19,406 19,406 HOT TOPIC INC Common Stock 44133910 8,333,986 309,697 309,697 309,697 ICN PHARMACEUTICALS INC CNV BD Conv Bond P2 448924AM 40,472,429 38,385,000 38,385,000 38,385,000 HYPERION SOLUTIONS CORP Common Stock 44914M10 5,252,707 155,590 155,590 155,590 ICOS CORPORATION Common Stock 44929510 1,539,825 41,900 41,900 41,900 IMC GLOBAL INC Common Stock 44966910 523,474 78,014 78,014 78,014 IDEXX LABORATORIES INC Common Stock 45168D10 2,699,452 80,150 80,150 80,150 ILEX ONCOLOGY INC Common Stock 45192310 2,779,469 143,199 143,199 143,199 ----------- ----------- ----------- ----------- COLUMN TOTALS 541,562,395 71,691,982 71,691,982 71,691,982 * ITEM 7: MANAGERS - 1 PAGE 12 OF 07-28-2003 FORM 13F PAGE 11 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 06/30/2003 - ----------------------------------------------------------------------------------------------------------------------- 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 122,043,098 1,853,350 1,853,350 1,853,350 IMAGISTICS INTL INC Common Stock 45247T10 359,446 13,932 13,932 13,932 IMPERIAL CHEMICAL SPONS ADR Common Stock 45270450 6,704,557 807,778 807,778 807,778 INTEGRATED CIRCUIT SYSTEMS Common Stock 45811K20 14,400,919 432,490 432,490 432,490 INTEL CORP Common Stock 45814010 151,065,928 7,247,564 7,247,564 7,247,564 INTER-TEL INC Common Stock 45837210 4,202,790 198,053 198,053 198,053 IBM Common Stock 45920010 140,452,426 1,700,053 1,700,053 1,700,053 INTERNATIONAL PAPER CO Common Stock 46014610 69,886,451 1,955,960 1,955,960 1,955,960 INTL PAPER CO CONV BD Conv Bond P1 460146BM 11,644,350 21,720,000 21,720,000 21,720,000 INTL RECTIFIER CORP CNV BND RE Conv Bond P2 460254AE 8,099,156 8,275,000 8,275,000 8,275,000 INTERSIL HOLDING CORP Common Stock 46069S10 5,423,118 203,800 203,800 203,800 INTERWOVEN INC Common Stock 46114T10 806,970 363,500 363,500 363,500 INVITROGEN INC CONV BND REG Conv Bond P2 46185RAD 5,623,710 6,047,000 6,047,000 6,047,000 ISHARES MSCI JAPAN INDEX FUND Common Stock 46428684 4,887,621 672,300 672,300 672,300 ISHARES MSCI HONG KONG INDEX Common Stock 46428687 573,013 75,100 75,100 75,100 ISHARES TRUST - RUSSELL 1000V Common Stock 46428759 45,818,220 903,000 903,000 903,000 JACOBS ENGINEERING GROUP INC Common Stock 46981410 4,940,402 117,210 117,210 117,210 JEFFERIES GROUP INC (NEW) Common Stock 47231910 10,056,833 201,985 201,985 201,985 JETBLUE AIRWAYS CORP Common Stock 47714310 1,615,478 38,200 38,200 38,200 JOHNSON & JOHNSON Common Stock 47816010 119,572,122 2,312,807 2,312,807 2,312,807 JOY GLOBAL INC-INCOMPLETE REOR Common Stock 48116510 15,666,465 1,060,695 1,060,695 1,060,695 JUNIPER NETWORKS CONV BOND REG Conv Bond P2 48203RAA 64,083,143 64,357,000 64,357,000 64,357,000 KLA-TENCOR CORP Common Stock 48248010 62,416,079 1,342,570 1,342,570 1,342,570 KV PHARMACEUTICAL CO CL A Common Stock 48274020 3,176,928 114,278 114,278 114,278 KB HOME Common Stock 48666K10 4,925,861 79,475 79,475 79,475 KENNAMETAL INC Common Stock 48917010 608,308 17,976 17,976 17,976 --------- ---------- ----------- ----------- COLUMN TOTALS 879,053,392 122,111,076 122,111,076 122,111,076 * ITEM 7: MANAGERS - 1 PAGE 13 OF 07-28-2003 FORM 13F PAGE 12 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 06/30/2003 - ----------------------------------------------------------------------------------------------------------------------- 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) - ----------------------------------------------------------------------------------------------------------------------- KENSEY NASH CORP Common Stock 49005710 2,587,162 98,906 98,906 98,906 KERR MCGEE CORP Common Stock 49238610 25,497,057 566,923 566,923 566,923 KEY ENERGY SERVICES INC Common Stock 49291410 7,260,495 677,285 677,285 677,285 KIMBERLY-CLARK CORP Common Stock 49436810 12,940,888 248,195 248,195 248,195 KNIGHT TRANSPORTATION INC Common Stock 49906410 2,863,500 115,000 115,000 115,000 KOHLS CORP Common Stock 50025510 117,759,107 2,291,925 2,291,925 2,291,925 KRAFT FOOD INC-A Common Stock 50075N10 29,445,869 904,635 904,635 904,635 KRISPY KREME DOUGHNUTS INC Common Stock 50101410 2,178,422 52,900 52,900 52,900 KROGER CO Common Stock 50104410 50,009,075 2,998,146 2,998,146 2,998,146 KROLL INC Common Stock 50104910 8,841,728 326,748 326,748 326,748 KULICKE & SOFFA IND CNV Conv Bond P2 501242AE 18,626,850 23,320,000 23,320,000 23,320,000 LSI LOGIC CORP Common Stock 50216110 483,706 68,320 68,320 68,320 LSI LOGIC CORP CONV BD REG Conv Bond P2 502161AG 125,653,727 127,584,000 127,584,000 127,584,000 L-3 COMMUNICATIONS HLDGS INC Common Stock 50242410 1,726,553 39,700 39,700 39,700 LABONE INC Common Stock 50540L10 894,287 41,479 41,479 41,479 LABORATORY CORP OF AMERICA HLD Common Stock 50540R40 816,341 27,076 27,076 27,076 LABORATORY CP CONV BND REG Conv Bond P2 50540RAC 30,310,888 42,845,000 42,845,000 42,845,000 LAM RESEARCH CORP CNV BND REG Conv Bond P2 512807AE 7,810,000 8,000,000 8,000,000 8,000,000 LAMAR ADVERTISING CONV BOND Conv Bond P2 512815AF 13,873,175 13,405,000 13,405,000 13,405,000 LAMAR ADVERTISING CO CNV BND Conv Bond P2 512815AG 17,174,978 17,026,000 17,026,000 17,026,000 LEAR CORPORATION Common Stock 52186510 600,607 13,051 13,051 13,051 LEGG MASON INC Common Stock 52490110 4,908,012 75,566 75,566 75,566 LEGG MASON INC CONV BD Conv Bond P2 524901AG 12,534,981 22,235,000 22,235,000 22,235,000 LEHMAN BROTHERS HOLDINGS INC Common Stock 52490810 1,030,440 15,500 15,500 15,500 LEHMAN BROS HLDG/KROGER CONV B Conv Bond P2 524908FB 4,631,725 4,655,000 4,655,000 4,655,000 IP/LEHMAN CONV BD (SYNTH) Conv Bond P2 524908FN 33,709,950 32,570,000 32,570,000 32,570,000 ---------- ----------- ----------- ----------- COLUMN TOTALS 534,169,523 300,201,355 300,201,355 300,201,355 * ITEM 7: MANAGERS - 1 PAGE 14 OF 07-28-2003 FORM 13F PAGE 13 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 06/30/2003 - ----------------------------------------------------------------------------------------------------------------------- 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) - ----------------------------------------------------------------------------------------------------------------------- LEHMAN / CATERPILLAR CONV BD ( Conv Bond P2 524908FP 21,063,750 20,500,000 20,500,000 20,500,000 LENNAR CORP Common Stock 52605710 1,825,395 25,530 25,530 25,530 VIACOM-LIBERTY MEDIA CONV BD R Conv Bond P2 530715AR 18,172,045 17,391,000 17,391,000 17,391,000 LIFEPOINT HOSPS INC Common Stock 53219L10 8,592 407 407 407 LIMITED BRANDS INC Common Stock 53271610 1,557,750 100,500 100,500 100,500 LIZ CLAIBORNE Common Stock 53932010 1,797,750 51,000 51,000 51,000 LLOYDS TSB GOUP PLC SP ADR Common Stock 53943910 2,440,466 84,125 84,125 84,125 LOCKHEED MARTIN CORP Common Stock 53983010 77,149,977 1,621,820 1,621,820 1,621,820 LOWES COS INC Common Stock 54866110 92,089,095 2,144,100 2,144,100 2,144,100 LOWE'S COMPANIES INC CONV BD Conv Bond P1 548661CF 6,723,750 8,965,000 8,965,000 8,965,000 MDC HOLDINGS INC Common Stock 55267610 8,998,185 186,375 186,375 186,375 MEMC ELECTRONIC MATERIALS Common Stock 55271510 2,429,420 247,900 247,900 247,900 MGI PHARMA INC Common Stock 55288010 2,463,612 96,201 96,201 96,201 MKS INSTRUMENTS INC Common Stock 55306N10 4,273,004 236,461 236,461 236,461 MSC INDUSTRIAL DIRECT CO CL-A Common Stock 55353010 4,422,070 247,073 247,073 247,073 MACK-CALI REALTY CORP Common Stock 55448910 8,662,951 238,124 238,124 238,124 MAIL-WELL INC Common Stock 56032120 653,436 259,300 259,300 259,300 MANHATTAN ASSOCIATES INC Common Stock 56275010 10,107,207 389,187 389,187 389,187 MANITOWOC COMPANY INC Common Stock 56357110 460,740 20,661 20,661 20,661 MANUGISTICS GP CNV BND REG Conv Bond P2 565011AB 2,337,000 3,075,000 3,075,000 3,075,000 MARSH & MCLENNAN COS Common Stock 57174810 91,949,901 1,800,468 1,800,468 1,800,468 MARSHALL & ILSLEY CORP Common Stock 57183410 3,772,502 123,365 123,365 123,365 MASCO CORP CONV BND Conv Bond P1 574599AW 8,455,000 19,000,000 19,000,000 19,000,000 MASSEY ENERGY CO Common Stock 57620610 1,162,460 88,400 88,400 88,400 MAXIM INTEGRATED PRODUCTS Common Stock 57772K10 680,381 19,900 19,900 19,900 MCDERMOTT INTERNATIONAL Common Stock 58003710 866,577 136,900 136,900 136,900 MCDONALD'S CORP Common Stock 58013510 2,852,468 129,305 129,305 129,305 ---------- ---------- --------- ---------- COLUMN TOTALS 377,375,484 77,178,102 77,178,102 77,178,102 * ITEM 7: MANAGERS - 1 PAGE 15 OF 07-28-2003 FORM 13F PAGE 14 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 06/30/2003 - ----------------------------------------------------------------------------------------------------------------------- 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) - ----------------------------------------------------------------------------------------------------------------------- MCGRAW-HILL Common Stock 58064510 892,800 14,400 14,400 14,400 MEADWESTVACO CORP Common Stock 58333410 65,124,577 2,631,628 2,631,628 2,631,628 MEDIACOM COMMUNICATIONS CNV BN Conv Bond P2 58446KAA 2,339,850 2,463,000 2,463,000 2,463,000 MEDICIS PHARMACEUTICALS-CL A Common Stock 58469030 8,441,439 148,879 148,879 148,879 MEDIMMUNE INC Common Stock 58469910 1,080,189 29,700 29,700 29,700 MEDTRONIC INC Common Stock 58505510 92,850,540 1,935,596 1,935,596 1,935,596 MEDTRONIC INC CONV BND REG Conv Bond P2 585055AB 29,414,524 28,074,000 28,074,000 28,074,000 MERCK & CO INC Common Stock 58933110 28,979,896 478,611 478,611 478,611 MERCURY INTERACTIVE CORP Common Stock 58940510 2,579,148 66,800 66,800 66,800 MERITAGE CORPORATION Common Stock 59001A10 8,044,011 162,485 162,485 162,485 MERRILL LYNCH Common Stock 59018810 63,286,877 1,355,760 1,355,760 1,355,760 METLIFE INC Common Stock 59156R10 8,270,177 292,026 292,026 292,026 MICHAELS STORES INC Common Stock 59408710 6,209,108 163,140 163,140 163,140 MICROSOFT CORP Common Stock 59491810 166,946,570 6,518,804 6,518,804 6,518,804 MICRON TECHNOLOGY CORP Common Stock 59511210 74,572 6,412 6,412 6,412 MID ATLANTIC MEDICAL SVCS Common Stock 59523C10 9,749,400 186,413 186,413 186,413 MILLENIUM CHEMICALS INC Common Stock 59990310 1,291,981 135,855 135,855 135,855 MINERALS TECHNOLOGIES INC Common Stock 60315810 893,690 18,366 18,366 18,366 MINORPLANET SYSTEMS USA INC Common Stock 60436310 5,253,599 10,699,794 10,699,794 10,699,794 MOORE WALLACE INC Common Stock 61585710 1,330,008 90,600 90,600 90,600 MORGAN STANLEY Common Stock 61744644 114,087,994 2,668,725 2,668,725 2,668,725 CAN NATL RAILWAY/MORGAN STANLE Conv Bond P2 617446JH 12,149,969 12,550,000 12,550,000 12,550,000 MOTOROLA INC Common Stock 62007610 23,557,357 2,498,129 2,498,129 2,498,129 MOVIE GALLERY INC Common Stock 62458110 2,841,392 154,005 154,005 154,005 NEXTEL INTERNATIONAL Common Stock 62913F20 91,621,430 2,290,894 2,290,894 2,290,894 NPS PHARMACEUTICALS INC Common Stock 62936P10 3,621,646 148,794 148,794 148,794 NABORS INDUSTRIES INC Conv Bond P2 629568AF 7,794,113 11,945,000 11,945,000 11,945,000 ----------- ----------- ----------- ---------- COLUMN TOTALS 758,726,857 87,727,816 87,727,816 87,727,816 * ITEM 7: MANAGERS - 1 PAGE 16 OF 07-28-2003 FORM 13F PAGE 15 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 06/30/2003 - ----------------------------------------------------------------------------------------------------------------------- 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) - ----------------------------------------------------------------------------------------------------------------------- NASDAQ-100 SHARES Common Stock 63110010 4,099,536 137,200 137,200 137,200 NATIONAL-OILWELL INC Common Stock 63707110 2,931,214 133,237 133,237 133,237 NAVISTAR FINANCIAL CORP CNV BN Conv Bond P2 638902AM 19,254,881 20,295,000 20,295,000 20,295,000 NAVISTAR INTERNATIONAL Common Stock 63934E10 113,158,980 3,467,943 3,467,943 3,467,943 NAVISTAR INTERNATIONAL CNV BND Conv Bond P2 63934EAG 5,657,113 4,725,000 4,725,000 4,725,000 NETFLIX INC Common Stock 64110L10 8,437,147 330,221 330,221 330,221 NETIQ CORP Common Stock 64115P10 5,252,686 339,756 339,756 339,756 NETSCREEN TECHNOLOGIES INC Common Stock 64117V10 8,028,623 356,044 356,044 356,044 NEUROCRINE BIOSCIENCES INC Common Stock 64125C10 7,174,135 143,655 143,655 143,655 NEW YORK COMMUNITY BANCORP Common Stock 64944510 5,338,102 183,503 183,503 183,503 NEW YORK TIMES CO CLS A Common Stock 65011110 646,100 14,200 14,200 14,200 NEWS AMERICA INC CNV BND REG Conv Bond P2 652482AZ 15,600,799 28,173,000 28,173,000 28,173,000 99 CENTS ONLY STORES Common Stock 65440K10 1,062,032 30,945 30,945 30,945 NOBLE ENERGY INC Common Stock 65504410 632,923 16,744 16,744 16,744 NORTEL NETWORKS CORP CNV BND R Conv Bond P2 656568AB 98,636,923 111,728,000 111,728,000 111,728,000 NORTHROP GRUMMAN CORP Common Stock 66680710 24,742,277 286,734 286,734 286,734 NVIDIA CORP Common Stock 67066G10 1,247,142 54,200 54,200 54,200 OSI PHARMACEUTICALS INC Common Stock 67104010 2,729,794 84,750 84,750 84,750 ODYSSEY HEALTHCARE INC Common Stock 67611V10 11,113,283 300,359 300,359 300,359 OLIN CORP Common Stock 68066520 3,916,276 229,022 229,022 229,022 OMNICOM GROUP INC Common Stock 68191910 120,534,153 1,681,090 1,681,090 1,681,090 OMNICOM GROUP INC CNV BND REG Conv Bond P2 681919AK 7,292,557 7,285,000 7,285,000 7,285,000 ORACLE CORPORATION Common Stock 68389X10 106,785,055 8,883,948 8,883,948 8,883,948 OWENS ILLINOIS INC Common Stock 69076840 14,444,785 1,049,004 1,049,004 1,049,004 OXFORD HEALTH PLANS Common Stock 69147110 1,701,963 40,494 40,494 40,494 PG & E CORPORATION Common Stock 69331C10 6,327,282 299,167 299,167 299,167 ----------- ----------- --------- ---------- COLUMN TOTALS 596,745,761 190,268,216 190,268,216 190,268,216 * ITEM 7: MANAGERS - 1 PAGE 17 OF 07-28-2003 FORM 13F PAGE 16 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 06/30/2003 - ----------------------------------------------------------------------------------------------------------------------- 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) - ----------------------------------------------------------------------------------------------------------------------- P.F. CHANGS CHINA BISTRO INC Common Stock 69333Y10 6,304,982 128,124 128,124 128,124 PMC SIERRA INC CONV BD Conv Bond P2 69344FAB 21,755,349 21,390,000 21,390,000 21,390,000 PNC FINANCIAL SERVICES GROUP Common Stock 69347510 43,307,552 887,268 887,268 887,268 PPL CORPORATION Common Stock 69351T10 10,292,523 239,361 239,361 239,361 PALL CORP Common Stock 69642930 772,335 34,326 34,326 34,326 PAN PACIFIC RETAIL PPTYS INC Common Stock 69806L10 748,122 19,012 19,012 19,012 PANERA BREAD COMPANY-CL A Common Stock 69840W10 6,629,520 165,758 165,758 165,758 PARK PLACE ENTERTAINMENT Common Stock 70069010 10,300,343 1,133,151 1,133,151 1,133,151 PARKER DRILLING CO Common Stock 70108110 2,769,264 951,637 951,637 951,637 PARKER DRILLING CORP CONV BD Conv Bond P2 701081AD 7,178,416 5,588,000 5,588,000 5,588,000 PATTERSON DENTAL COMPANY Common Stock 70341210 4,687,209 103,288 103,288 103,288 PAYLESS SHOESOURCE INC Common Stock 70437910 4,487,613 359,009 359,009 359,009 JC PENNEY CO INC (HLDG CO) Common Stock 70816010 588,368 34,918 34,918 34,918 PEPSICO Common Stock 71344810 84,851,977 1,906,786 1,906,786 1,906,786 PERFORMANCE FOOD GROUP CP Common Stock 71375510 7,912,524 213,852 213,852 213,852 PETCO ANIMAL SUPPLIES INC Common Stock 71601620 5,289,338 243,298 243,298 243,298 PFIZER INC Common Stock 71708110 155,483,994 4,552,972 4,552,972 4,552,972 PHARMACEUTICAL PRODUCT DEVEL Common Stock 71712410 1,011,296 35,200 35,200 35,200 PIER 1 IMPORTS INC Common Stock 72027910 9,055,376 443,891 443,891 443,891 PINNACLE WEST CAPITAL Common Stock 72348410 790,345 21,104 21,104 21,104 PITNEY BOWES INC Common Stock 72447910 12,246,453 318,835 318,835 318,835 PLACER DOME INC Common Stock 72590610 17,761,929 1,447,590 1,447,590 1,447,590 POLYONE CORPORATION Common Stock 73179P10 995,527 223,714 223,714 223,714 PRAXAIR INC Common Stock 74005P10 106,654,061 1,774,610 1,774,610 1,774,610 PREMCOR INC Common Stock 74045Q10 9,554,149 443,348 443,348 443,348 PREMIERE TECHNOLOGIES CNV BD Conv Bond P2 74058FAC 28,508,612 29,765,000 29,765,000 29,765,000 ----------- ----------- ---------- ---------- COLUMN TOTALS 559,937,177 72,424,052 72,424,052 72,424,052 * ITEM 7: MANAGERS - 1 PAGE 18 OF 07-28-2003 FORM 13F PAGE 17 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 06/30/2003 - ----------------------------------------------------------------------------------------------------------------------- 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 CONV Conv Bond P2 741932AB 271,950 555,000 555,000 555,000 PRIDE INTERNATIONAL INC Common Stock 74153Q10 11,605,334 616,649 616,649 616,649 PRIORITY HEALTHCARE CORP-B Common Stock 74264T10 5,051,365 272,309 272,309 272,309 PROCTER & GAMBLE Common Stock 74271810 4,730,464 53,044 53,044 53,044 PROGRESS SOFTWARE CORP Common Stock 74331210 6,729,188 324,610 324,610 324,610 PROVINCE HEALTHCARE CO CNV BND Conv Bond P2 743977AC 6,824,550 6,860,000 6,860,000 6,860,000 PROVINCE HEALTHCARE CONV BD Conv Bond P2 743977AE 46,468,315 47,045,000 47,045,000 47,045,000 PROVIDIAN CORP Common Stock 74406A10 2,445,992 264,146 264,146 264,146 PROVIDIAN FINANCIAL CNV BND Conv Bond P2 74406AAA 44,126,418 46,205,000 46,205,000 46,205,000 PROVIDIAN FINANCIAL CORP Conv Bond P2 74406AAC 5,206,781 4,675,000 4,675,000 4,675,000 PRUDENTIAL FINANCIAL INC Common Stock 74432010 69,429,708 2,063,290 2,063,290 2,063,290 QLOGIC CORP Common Stock 74727710 6,220,071 128,700 128,700 128,700 QUEBECOR WORLD INC Common Stock 74820310 1,660,347 89,700 89,700 89,700 QUEST DIAGNOSTICS INC Common Stock 74834L10 1,900,219 29,784 29,784 29,784 QUEST DIAGNOSTIC INC CONV BD Conv Bond P2 74834LAF 19,016,793 18,419,000 18,419,000 18,419,000 QUEST SOFTWARE INC Common Stock 74834T10 2,809,590 236,100 236,100 236,100 RADIO ONE INC - CL D Common Stock 75040P40 8,946,747 503,478 503,478 503,478 RAYTHEON COMPANY Common Stock 75511150 61,809,937 1,882,154 1,882,154 1,882,154 RELIANT RESOURCES INC Common Stock 75952B10 1,171,688 191,140 191,140 191,140 RESPIRONICS INC Common Stock 76123010 6,077,417 161,981 161,981 161,981 ROSYLN BANCORP INC Common Stock 77816210 1,209,887 56,300 56,300 56,300 ROWAN COMPANIES INC Common Stock 77938210 13,650,493 609,397 609,397 609,397 RUDOLPH TECHNOLOGIES INC Common Stock 78127010 4,490,793 281,378 281,378 281,378 RYANAIR HOLDINGS PLC-ADR Common Stock 78351310 1,243,730 27,700 27,700 27,700 RYLAND GROUP INC Common Stock 78376410 7,839,077 112,955 112,955 112,955 SBC COMMUNICATIONS (SOUTHWESTE Common Stock 78387G10 18,487,750 723,591 723,591 723,591 SCI SYSTEMS INC CONV BOND Conv Bond P2 783890AF 1,403,175 1,590,000 1,590,000 1,590,000 ----------- ----------- ---------- ---------- COLUMN TOTALS 360,827,779 133,977,406 133,977,406 133,977,406 * ITEM 7: MANAGERS - 1 PAGE 19 OF 07-28-2003 FORM 13F PAGE 18 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 06/30/2003 - ----------------------------------------------------------------------------------------------------------------------- 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) - ----------------------------------------------------------------------------------------------------------------------- SL GREEN REALTY CORP Common Stock 78440X10 716,641 20,540 20,540 20,540 SPX CORP Common Stock 78463510 3,981,967 90,376 90,376 90,376 SPX CORP CNV BND REG Conv Bond P2 784635AD 14,511,349 22,811,000 22,811,000 22,811,000 SAFEWAY INC Common Stock 78651420 15,686,150 766,674 766,674 766,674 ST JUDE MEDICAL INC Common Stock 79084910 1,190,250 20,700 20,700 20,700 SCANA CORP Common Stock 80589M10 723,377 21,102 21,102 21,102 SCANSOURCE INC Common Stock 80603710 5,712,516 213,552 213,552 213,552 HENRY SCHEIN INC Common Stock 80640710 7,901,459 150,963 150,963 150,963 SCHERING-PLOUGH CORP Common Stock 80660510 41,738 2,244 2,244 2,244 SCHOLASTIC CORP Common Stock 80706610 307,657 10,331 10,331 10,331 SELECT COMFORT CORPORATION Common Stock 81616X10 5,155,042 314,710 314,710 314,710 SEMTECH CORP Common Stock 81685010 1,015,953 71,345 71,345 71,345 SERENA SOFTWARE INC Common Stock 81749210 10,133,900 485,353 485,353 485,353 SHARPER IMAGE CORP Common Stock 82001310 6,697,430 245,597 245,597 245,597 SHUFFLE MASTER INC Common Stock 82554910 4,317,505 146,908 146,908 146,908 SICOR INC Common Stock 82584610 1,134,972 55,800 55,800 55,800 SIEBEL SYSTEMS INC Common Stock 82617010 1,786,842 187,300 187,300 187,300 SKYWEST INC Common Stock 83087910 11,051,911 579,847 579,847 579,847 SMITH & WOLENSKY RESTAURANT Common Stock 83175810 2,253,796 441,056 441,056 441,056 SMURFIT-STONE CONTAINER CORP Common Stock 83272710 71,469,697 5,485,051 5,485,051 5,485,051 SOUTHERN COMPANY Common Stock 84258710 12,099,989 388,318 388,318 388,318 SOUTHTRUST CORP Common Stock 84473010 9,230,264 339,391 339,391 339,391 SOUTHWEST BANCORP OF TEXAS Common Stock 84476R10 8,357,983 257,105 257,105 257,105 SOVEREIGN BANCORP INC Common Stock 84590510 7,542,220 481,731 481,731 481,731 STATION CASINOS Common Stock 85768910 9,765,362 386,747 386,747 386,747 STERICYCLE INC Common Stock 85891210 3,313,128 86,100 86,100 86,100 STORAGE TECHNOLOGY CORP-PAR $. Common Stock 86211120 3,675,415 142,790 142,790 142,790 ---------- --------- ---------- ---------- COLUMN TOTALS 219,774,513 34,202,631 34,202,631 34,202,631 * ITEM 7: MANAGERS - 1 PAGE 20 OF 07-28-2003 FORM 13F PAGE 19 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 06/30/2003 - -------------------------------------------------------------------------------------------------------------------------- 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 DISCRETION GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) - -------------------------------------------------------------------------------------------------------------------------- SUNOCO INC Common Stock 86764P10 38,338,859 1,015,859 1,015,859 1,015,859 SUPERIOR ENERGY SERVICES INC Common Stock 86815710 4,088,781 431,306 431,306 431,306 SUPERVALU INC. CNV BND REG Conv Bond P1 868536AP 18,231,400 59,790,000 59,790,000 59,790,000 SYMANTEC CORP Common Stock 87150310 109,728,071 2,501,780 2,501,780 2,501,780 SYNOPSYS INC Common Stock 87160710 5,525,741 89,341 89,341 89,341 SYSCO Common Stock 87182910 94,785,212 3,155,300 3,155,300 3,155,300 TJX COMPANIES INC Common Stock 87254010 94,354,865 5,008,220 5,008,220 5,008,220 TAIWAN SEMICONDUCTOR - SP ADR Common Stock 87403910 1,374,912 136,400 136,400 136,400 TARGET CORP Common Stock 87612E10 132,577,359 3,503,630 3,503,630 3,503,630 TECHNE CORP Common Stock 87837710 5,199,855 171,386 171,386 171,386 TEKELEC INC CONV BOND REG Conv Bond P2 879101AC 5,604,088 5,830,000 5,830,000 5,830,000 TELLABS INC Common Stock 87966410 1,949,098 296,692 296,692 296,692 TEMPLE INLAND INC Common Stock 87986810 25,149,894 586,108 586,108 586,108 TENET HEALTHCARE CORP Common Stock 88033G10 2,047,243 175,729 175,729 175,729 TEREX CORP Common Stock 88077910 621,458 31,837 31,837 31,837 TESORO PETROLEUM CORP Common Stock 88160910 1,188,204 172,704 172,704 172,704 TEVA PHARMACEUTICAL INDS Common Stock 88162420 820,931 14,420 14,420 14,420 TEVA PHAMACEUT FIN NV CONV BD Conv Bond P2 88163XAB 27,643,698 20,069,000 20,069,000 20,069,000 TEXAS INSTRS INC Common Stock 88250810 103,163,403 5,861,557 5,861,557 5,861,557 THERMO INS SYS CONV BOND Conv Bond P2 883556AH 4,390,481 4,385,000 4,385,000 4,385,000 TIDEWATER INC Common Stock 88642310 1,468,500 50,000 50,000 50,000 TIMKEN CO Common Stock 88738910 547,170 31,249 31,249 31,249 TORO CO Common Stock 89109210 5,331,429 134,124 134,124 134,124 TRAVELERS PPTY CASUALTY CV PFD ConvPrfdStck 89420G30 13,706,640 571,110 571,110 571,110 TRAVELERS PROPERTY CASUALTY - Common Stock 89420G40 25,095,590 1,591,350 1,591,350 1,591,350 TRIMBLE NAVIGATION LTD Common Stock 89623910 4,554,554 198,625 198,625 198,625 ---------- ---------- ---------- ---------- COLUMN TOTALS 727,487,436 115,802,727 115,802,727 115,802,727 * ITEM 7: MANAGERS - 1 PAGE 21 OF 07-28-2003 FORM 13F PAGE 20 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 06/30/2003 - ----------------------------------------------------------------------------------------------------------------------- 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) - ----------------------------------------------------------------------------------------------------------------------- TRIMERIS INC Common Stock 89626310 8,942 196 196 196 TUPPERWARE CORP Common Stock 89989610 406,029 28,275 28,275 28,275 TYCO INTL GROUP CONV BD SERIES Conv Bond P2 902118BE 7,670,700 6,975,000 6,975,000 6,975,000 UCBH HOLDINGS INC Common Stock 90262T30 9,637,549 336,037 336,037 336,037 USF&G CORP CONV BND Conv Bond P2 903290AD 6,375,600 7,920,000 7,920,000 7,920,000 UNILEVER NV NY SHARES Common Stock 90478470 4,027,104 74,576 74,576 74,576 UNISYS CORP Common Stock 90921410 167,966 13,678 13,678 13,678 UNITED DEFENSE INDS INC Common Stock 91018B10 1,141,360 44,000 44,000 44,000 UNITED TECHNOLOGIES CORP Common Stock 91301710 121,941,636 1,721,610 1,721,610 1,721,610 UNITEDHEALTH GROUP Common Stock 91324P10 159,438,326 3,172,902 3,172,902 3,172,902 UNIVERSAL HEALTH SERV CNV BND Conv Bond P2 913903AL 1,909,500 3,216,000 3,216,000 3,216,000 UNOCAL CORP Common Stock 91528910 19,768,356 689,033 689,033 689,033 UTSTARCOM INC Common Stock 91807610 7,348,762 206,600 206,600 206,600 VCA ANTECH INC Common Stock 91819410 4,877,587 249,228 249,228 249,228 VALERO ENERGY CORP Common Stock 91913Y10 19,426,778 534,731 534,731 534,731 VARIAN SEMICONDUCTOR EQUIP Common Stock 92220710 4,044,384 135,900 135,900 135,900 VERITAS SOFTWARE CORP Common Stock 92343610 103,614,814 3,614,050 3,614,050 3,614,050 VERITAS SOFTWARE CONV BOND Conv Bond P2 92343RAA 13,726,336 15,317,000 15,317,000 15,317,000 VERIZON COMMUNICATIONS Common Stock 92343V10 57,085,452 1,447,033 1,447,033 1,447,033 VERIZON GLOBAL FDG CORP CNV BN Conv Bond P1 92344GAN 19,329,000 32,215,000 32,215,000 32,215,000 VERTEX PHARMACEUTICALS CONV BD Conv Bond P2 92532FAD 33,698,087 37,398,000 37,398,000 37,398,000 VIACOM INC-CL B Common Stock 92552430 99,911,064 2,288,389 2,288,389 2,288,389 VITESSE SEMICONDUCTOR CNV Conv Bond P2 928497AB 32,877,328 34,801,000 34,801,000 34,801,000 W-H ENERGY SERVICES INC Common Stock 92925E10 4,595,332 235,900 235,900 235,900 WACHOVIA CORP Common Stock 92990310 28,589,462 715,452 715,452 715,452 WAL MART STORES INC Common Stock 93114210 117,995,910 2,198,545 2,198,545 2,198,545 WALGREEN Common Stock 93142210 103,291,762 3,431,620 3,431,620 3,431,620 ----------- ----------- ---------- ----------- COLUMN TOTALS 982,905,126 158,979,755 158,979,755 158,979,755 * ITEM 7: MANAGERS - 1 PAGE 22 OF 07-28-2003 FORM 13F PAGE 21 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 06/30/2003 - ----------------------------------------------------------------------------------------------------------------------- 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) - ----------------------------------------------------------------------------------------------------------------------- WASHINGTON MUTUAL SAVINGS BANK Common Stock 93932210 62,797,476 1,520,520 1,520,520 1,520,520 WATSON PHARMACEUTICALS INC Common Stock 94268310 9,885,725 244,878 244,878 244,878 WEINGARTEN RLTY INVESTORS Common Stock 94874110 747,747 17,846 17,846 17,846 WELLPOINT HEALTH NETWORKS Common Stock 94973H10 123,409,299 1,463,930 1,463,930 1,463,930 WERNER ENTERPRISES INC Common Stock 95075510 3,745,672 176,683 176,683 176,683 WEST CORP Common Stock 95235510 3,158,025 118,500 118,500 118,500 WESTELL TECHNOLOGIES INC - A Common Stock 95754110 9,878,985 1,142,181 1,142,181 1,142,181 WILSON GREATBATCH TECHNOLOGIES Common Stock 97223210 7,181,156 198,924 198,924 198,924 WINNEBAGO INDUSTRIES Common Stock 97463710 6,023,371 158,928 158,928 158,928 WINTRUST FINANCIAL CORP Common Stock 97650W10 7,006,029 236,686 236,686 236,686 QUEBECOR WORLD INC CNV BND Conv Bond P2 981443AA 6,734,198 6,546,000 6,546,000 6,546,000 XL CAPITAL LTD CONV BOND Conv Bond P1 98372PAB 24,360,850 38,216,000 38,216,000 38,216,000 YANKEE CANDLE COMPANY Common Stock 98475710 8,032,680 345,938 345,938 345,938 YELLOW CORPORATION Common Stock 98550910 455,291 19,667 19,667 19,667 YUM! BRANDS INC Common Stock 98849810 7,040,926 238,191 238,191 238,191 ZORAN CORP Common Stock 98975F10 3,300,036 171,788 171,788 171,788 AMDOCS LTD Common Stock G0260210 1,298,400 54,100 54,100 54,100 COOPER INDUSTRIES CL A Common Stock G2418210 72,442,968 1,754,067 1,754,067 1,754,067 EVEREST RE GROUP LTD Common Stock G3223R10 1,243,814 16,259 16,259 16,259 FRESH DEL MONTE PRODUCE INC Common Stock G3673810 3,827,810 149,000 149,000 149,000 GLOBALSANTAFE CORP Common Stock G3930E10 3,870,262 165,281 165,281 165,281 INGERSOLL-RAND CO CLASS A Common Stock G4776G10 3,778,739 79,855 79,855 79,855 RENAISSANCERE HOLDINGS LTD Common Stock G7496G10 805,704 17,700 17,700 17,700 TRANSOCEAN SEDCO FOREX INC Common Stock G9007810 48,627,124 2,213,342 2,213,342 2,213,342 WEATHERFORD INTERNATIONAL Common Stock G9508910 48,925,792 1,167,680 1,167,680 1,167,680 UBS AG-REGISTERED Common Stock H8920M85 1,528,375 27,588 27,588 27,588 ----------- ---------- ---------- --------- COLUMN TOTALS 470,106,454 56,461,532 56,461,532 56,461,532 * ITEM 7: MANAGERS - 1 PAGE 23 OF 07-28-2003 FORM 13F PAGE 22 FILE NO. 28-46 REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 06/30/2003 - ----------------------------------------------------------------------------------------------------------------------- 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) - ----------------------------------------------------------------------------------------------------------------------- RADWARE LTD Common Stock M8187310 5,183,024 302,570 302,570 302,570 TARO PHARMACEUTICALS INDUS Common Stock M8737E10 13,723,578 250,109 250,109 250,109 ASM INTERNATIONAL N.V Common Stock N0704510 4,349,460 292,501 292,501 292,501 ASE TEST LIMITED Common Stock Y0251610 4,526,500 823,000 823,000 823,000 ---------- --------- ----------- -------- COLUMN TOTALS 27,782,562 1,668,180 1,668,180 1,668,180 -------------- ------------- ----------- ------------- REPORT TOTALS 12,269,054,329 2,239,077,079 2,239,077,079 2,239,077,079 =============== ============= ============= ============== * ITEM 7: MANAGERS - 1 PAGE 24 OF
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