-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, OOYH9mI/b2NeLsl/mVQ8Zi0DR67JAxYufoL3MmCwtA9lLYZfWwO98yW9l3gWjNeg DK7yQaYEDD4ID+N4+UzngQ== 0000820027-94-000088.txt : 19940216 0000820027-94-000088.hdr.sgml : 19940216 ACCESSION NUMBER: 0000820027-94-000088 CONFORMED SUBMISSION TYPE: 13F-E PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19931231 FILED AS OF DATE: 19940215 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IDS FINANCIAL CORP/MN/ CENTRAL INDEX KEY: 0000820027 STANDARD INDUSTRIAL CLASSIFICATION: 0000 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-E SEC ACT: 34 SEC FILE NUMBER: 028-00139 FILM NUMBER: 94508121 BUSINESS ADDRESS: STREET 1: 80 SOUTH 8TH STREET STREET 2: T33/52 CITY: MINNEAPOLIS STATE: MN ZIP: 55440 13F-E 1 PAGE 1 SECURITIES AND EXCHANGE COMMISSION FORM 13F-E Report for the Calendar Year or Quarter Ended: 12/31/93 Institutional Investment Manager: IDS FINANCIAL CORPORATION IDS TOWER-10 MINNEAPOLIS MN 55440-0010 I REPRESENT THAT I AM AUTHORIZED TO SUBMIT THIS FORM AND THAT ALL INFORMATION IN THIS FORM AND THE ATTACHMENTS TO IT IS TRUE, CORRECT AND COMPLETE, AND I UNDERSTAND THAT ALL REQUIRED ITEMS, STATEMENTS AND SCHEDULES ARE INTEGRAL PARTS OF THIS FORM AND THAT THE SUBMISSION OF ANY AMENDMENT REPRESENTS THAT ALL UNAMENDED ITEMS, STATEMENTS AND SCHEDULES REMAIN TRUE, CORRECT AND COMPLETE AS PREVIOUSLY SUBMITTED. I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. Name, Title and Telephone Number of Person Submitting Report: LOUIS C. FORNETTI SR. V.P.-CORP. CONTROLLER (612) 671-2680 Signature, Place and Date of Signing: /s/ LOUIS C. FORNETTI MINNEAPOLIS MN 12/31/93 01 AMERICAN EXPRESS COMPANY 028-00698 34 AMERICAN PARTNERS LIFE 02 IDS ADVISORY GROUP, INC. 028-02069 03 IDS BANK & TRUST 028-01151 04 IDS BOND FUND, INC. 028-00192 05 IDS CERTIFICATE COMPANY 028-00140 06 IDS DISCOVERY FUND, INC. 028-01075 07 IDS DIVERSIFIED EQUITY INCOME FUND 08 IDS EQUITY PLUS FUND, INC. 028-00196 09 IDS EXTRA INCOME FUND, INC. 028-01411 10 IDS GLOBAL SERIES, INC. 028-02589 11 IDS GROWTH FUND, INC. 028-00194 12 IDS INTERNATIONAL FUND, INC. 028-01547 13 IDS INVESTMENT SERIES, INC. 028-00199 14 IDS LIFE AGGRES. GROWTH FUND, INC. 15 IDS LIFE CAPITAL RESOURCE FUND, INC. 028-01131 16 IDS LIFE INSURANCE COMPANY 028-00143 17 IDS LIFE INTL EQUITY FUND, INC. 18 IDS LIFE MANAGED FUND, INC. 028-01837 19 IDS LIFE SERIES FUND, INC.- EQUITY PORTFOLIO 028-01835 20 IDS LIFE SERIES FUND, INC.-MANAGED PORTFOLIO 028-01835 21 IDS LIFE SPECIAL INCOME FUND, INC. 028-02178 22 IDS LIFE VARIABLE ANNUITY FUND A 028-00144 PAGE 2 23 IDS LIFE VARIABLE ANNUITY FUND B 028-00145 24 IDS MANAGED RETIREMENT FUND, INC. 028-01546 25 IDS MARKET ADVANTAGE SERIES, INC. 028-02748 26 IDS NEW DIMENSIONS FUND, INC. 028-00198 27 IDS PRECIOUS METALS FUND, INC. 028-01578 28 IDS PROGRESSIVE FUND, INC. 028-00193 29 IDS SELECTIVE FUND, INC. 028-00197 30 IDS STOCK FUND, INC. 028-00195 31 IDS STRATEGY FUND, INC. 028-01473 32 IDS UTILITIES INCOME FUND, INC. 028-02374 33 SHEARSON INSURANCE - MARKETING REINSURANCE CO. PAGE 3 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE ACE LIMITED COM G0070K103 7781 250000 SH DEFINED 0108 250000 ACE LIMITED COM G0070K103 10894 350000 SH DEFINED 0124 350000 ACE LIMITED COM G0070K103 18675 600000 SH DEFINED 011516 600000 AMWY ASIA COM G0352M108 306 8600 SH DEFINED 011618 8600 AMWY ASIA COM G0352M108 25 700 SH DEFINED 011619 700 EK CHOR CHINA COM G29526103 5256 145000 SH DEFINED 0106 145000 EK CHOR CHINA COM G29526103 7250 200000 SH DEFINED 0111 200000 EK CHOR CHINA COM G29526103 4531 125000 SH DEFINED 0124 125000 EK CHOR CHINA COM G29526103 1994 55000 SH DEFINED 011619 55000 EK CHOR CHINA COM G29526103 4169 115000 SH DEFINED 011614 115000 EK CHOR CHINA COM G29526103 11627 320700 SH DEFINED 0102 320700 EK CHOR CHINA COM G29526103 6525 180000 SH DEFINED 0131 180000 EK CHOR CHINA COM G29526103 265 7300 SH DEFINED 0103 7300 PARTNERS COM G6852T105 9788 450000 SH DEFINED 0113 450000 TOMMY HILFIGER COM G8915Z102 625 20000 SH DEFINED 011619 20000 ORTHOFIX INTL COM N6748L102 2219 250000 SH DEFINED 0128 250000 PANAMERICAN BEV COM P74823108 1488 38900 SH DEFINED 0128 38900 PANAMERICAN BEV COM P74823108 4781 125000 SH DEFINED 0124 125000 ROYAL CARIBBEAN COM V7780T103 9363 350000 SH DEFINED 0124 350000 ADC TELECOM COM 000886101 3919 110000 SH DEFINED 0106 110000 ADC TELECOM COM 000886101 3384 95000 SH DEFINED 011614 95000 ADC TELECOM COM 000886101 9625 270200 SH DEFINED 0102 270200 ADC TELECOM COM 000886101 5166 145000 SH DEFINED 0131 145000 ADC TELECOM COM 000886101 125 3500 SH DEFINED 0103 3500 AER ENERGY COM 000944108 2050 200000 SH DEFINED 011614 200000 AGCO CORP $25 CONV PFD STOCK 001084201 4208 90000 SH DEFINED 0107 90000 AES CORP CONV BOND 00130HAA3 1098 1000000 PRN DEFINED 0107 1000000 AES CORP COM 00130H105 7000 200000 SH DEFINED 0132 200000 ALC COMMUNICATIONS I COM 001575307 5175 180000 SH DEFINED 0106 180000 ALC COMMUNICATIONS I COM 001575307 1438 50000 SH DEFINED 011619 50000 ALC COMMUNICATIONS I COM 001575307 4456 155000 SH DEFINED 011614 155000 ALC COMMUNICATIONS I COM 001575307 18209 633276 SH DEFINED 0102 633276 ALC COMMUNICATIONS I COM 001575307 6756 235000 SH DEFINED 0131 235000 ALC COMMUNICATIONS I COM 001575307 331 11500 SH DEFINED 0103 11500 AM INTERNATIONAL COM 001725100 6302 654702 SH DEFINED 0109 654702 AM INTERNATIONAL COM 001725100 1564 162529 SH DEFINED 0105 162529 AMR CORP DEL COM 001765106 154 2300 SH DEFINED 0125 2300 AMR CORP DEL COM 001765106 6700 100000 SH DEFINED 011618 100000 AMR CORP DEL COM 001765106 70789 1056465 SH DEFINED 0102 306400 750065 AMR CORP DEL COM 001765106 3443 51368 SH DEFINED 0103 48500 2868 AMR CORP DEL COM 001765106 3484 52000 SH DEFINED 01 52000 AMR CORP 144A $50 CONV PFD STOCK 001765882 3499 66250 SH DEFINED 011516 66250 AMR CORP 144A $50 CONV PFD STOCK 001765882 3103 58750 SH DEFINED 011618 58750 ARCO CHEMICAL CO COM 001920107 24869 575000 SH DEFINED 0113 575000 ARCO CHEMICAL CO COM 001920107 6488 150000 SH DEFINED 0107 150000 ARCO CHEMICAL CO COM 001920107 9731 225000 SH DEFINED 0131 225000 ARCO CHEMICAL CO COM 001920107 476 11000 SH DEFINED 0103 11000 ABBOTT LABS COM 002824100 8850 300000 SH DEFINED 0108 300000 ABBOTT LABS COM 002824100 8850 300000 SH DEFINED 0124 300000 ABBOTT LABS COM 002824100 720 24400 SH DEFINED 0125 24400 PAGE 4 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE ABBOTT LABS COM 002824100 14267 483655 SH DEFINED 0102 235500 248155 ABBOTT LABS COM 002824100 925 31368 SH DEFINED 0103 31368 ACCLAIM ENMNT INC COM 004325205 3188 150000 SH DEFINED 0106 150000 ACCLAIM ENMNT INC COM 004325205 2656 125000 SH DEFINED 011614 125000 ACCLAIM ENMNT INC COM 004325205 4038 190000 SH DEFINED 0131 190000 ADVANCED MICRO DEV COM 007903107 40 2262 SH DEFINED 0103 2262 ADVANCED MICRO DEV CONV PFD STOCK 007903305 950 20000 SH DEFINED 011620 20000 ADVANTA B COM 007942204 9916 341900 SH DEFINED 0102 341900 ADVANTA B COM 007942204 145 5000 SH DEFINED 0103 5000 AETNA LIFE & CAS COM 008140105 302 5000 SH DEFINED 0107 5000 AETNA LIFE & CAS COM 008140105 172 2853 SH DEFINED 0103 2853 AFFYMAX NV COM 008267106 1106 75000 SH DEFINED 0106 75000 AFFYMAX NV COM 008267106 738 50000 SH DEFINED 011614 50000 AHMANSON HF & CO COM 008677106 1007 51300 SH DEFINED 0125 51300 AHMANSON HF & CO COM 008677106 1550 79000 SH DEFINED 0107 79000 AHMANSON HF & CO COM 008677106 139 7100 SH DEFINED 0102 7100 AHMANSON HF & CO COM 008677106 2581 131500 SH DEFINED 0131 131500 AHMANSON HF & CO COM 008677106 588 29951 SH DEFINED 0103 29951 AIR PROD & CHEM COM 009158106 11063 250000 SH DEFINED 0108 250000 AIR PROD & CHEM COM 009158106 26550 600000 SH DEFINED 0124 600000 AIR PROD & CHEM COM 009158106 33393 754602 SH DEFINED 0102 336300 418302 AIR PROD & CHEM COM 009158106 2675 60451 SH DEFINED 0103 57600 2851 AKZO COM 010199990 4236 43850 SH DEFINED 0112 43850 AKZO COM 010199990 3980 41200 SH DEFINED 011617 41200 AKZO COM 010199990 1285 13300 SH DEFINED 0131 13300 ALBANY INTERNATIONAL CONV BOND 012348AA6 4788 5000000 PRN DEFINED 0104 5000000 ALBANY INTERNATIONAL CONV BOND 012348AA6 4788 5000000 PRN DEFINED 011621 5000000 ALBANY INTL CORP NEW COM 012348108 1052 55000 SH DEFINED 011620 55000 ALBERTO CULVER COM 013068101 16 688 SH DEFINED 0103 688 ALBERTSONS INC COM 013104104 10031 375000 SH DEFINED 0108 375000 ALBERTSONS INC COM 013104104 43 1600 SH DEFINED 0102 1600 ALBERTSONS INC COM 013104104 174 6492 SH DEFINED 0103 6492 ALCAN ALUMINIUM LTD COM 013716105 118 5705 SH DEFINED 0103 5705 ALCO STANDARD COM 013788104 65 1180 SH DEFINED 0103 1180 ALDILA COM 014384101 2157 75700 SH DEFINED 0106 75700 ALDILA COM 014384101 1853 65000 SH DEFINED 011614 65000 ALEXNDR & ALEX SERV COM 014476105 21 1083 SH DEFINED 0103 1083 ALLEGHENY LUDLUM COM 016900102 22681 950000 SH DEFINED 0130 950000 ALLEGHENY LUDLUM COM 016900102 2879 120600 SH DEFINED 0102 120600 ALLEGHENY PWR SYSTEM COM 017411109 6360 240000 SH DEFINED 0132 240000 ALLERGAN INC COM 018490102 40 1771 SH DEFINED 0103 1771 ALLIED GROUP INC COM 019220102 4725 180000 SH DEFINED 0128 180000 ALLIED SIGNAL INC COM 019512102 15800 200000 SH DEFINED 011618 200000 ALLIED SIGNAL INC COM 019512102 288 3640 SH DEFINED 0103 3640 ALLIED SIGNAL INC COM 019512102 14457 183000 SH DEFINED 01 183000 ALLTEL CORP COM 020039103 17700 600000 SH DEFINED 0124 600000 ALLTEL 7.75 $100 PAR PREFERRED STOCK 02009*990 948 9390 SH DEFINED 0105 9390 ALUMINUM CO AMERICA COM 022249106 150 2164 SH DEFINED 0103 2164 ALUMINUM CO AMERICA COM 022249106 1734 25000 SH DEFINED 01 25000 ALZA COM 022615108 55 1969 SH DEFINED 0103 1969 PAGE 5 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE AMERADA HESS COM 023551104 107 2361 SH DEFINED 0103 2361 AMDAHL CORP COM 023905102 17 2852 SH DEFINED 0103 2852 AMERICAN BARRICK RES COM 02451E109 7125 250000 SH DEFINED 0127 250000 AMERICAN BARRICK RES COM 02451E109 206 7221 SH DEFINED 0103 7221 AMERICAN BRANDS INC. COM 024703100 24938 750000 SH DEFINED 0113 750000 AMERICAN BRANDS INC. COM 024703100 286 8600 SH DEFINED 0102 8600 AMERICAN BRANDS INC. COM 024703100 9144 275000 SH DEFINED 0131 275000 AMERICAN BRANDS INC. COM 024703100 622 18715 SH DEFINED 0103 18715 AMERICAN CYANAMID COM 025321100 17588 350000 SH DEFINED 0113 350000 AMERICAN CYANAMID COM 025321100 90 1800 SH DEFINED 0102 1800 AMERICAN CYANAMID COM 025321100 119 2362 SH DEFINED 0103 2362 AMERICAN ELEC PWR COM 025537101 22275 600000 SH DEFINED 0113 600000 AMERICAN ELEC PWR COM 025537101 8910 240000 SH DEFINED 0132 240000 AMERICAN ELEC PWR COM 025537101 397 10700 SH DEFINED 0125 10700 AMERICAN ELEC PWR COM 025537101 59 1600 SH DEFINED 0102 1600 AMERICAN ELEC PWR COM 025537101 346 9322 SH DEFINED 0103 9322 AMERICAN EXPLORATION COM 025762105 0 42 SH DEFINED 0102 42 AMERICAN EXPRESS COM 025816109 217964 7059554 SH DEFINED 0103 7059554 AMERICAN EXPRESS COM 025816109 5803 187949 SH DEFINED 01 187949 AMER GENERAL CORP COM 026351106 25763 900000 SH DEFINED 0113 900000 AMER GENERAL CORP COM 026351106 2863 100000 SH DEFINED 0107 100000 AMER GENERAL CORP COM 026351106 48560 1696290 SH DEFINED 0102 582600 1113690 AMER GENERAL CORP COM 026351106 8588 300000 SH DEFINED 0131 300000 AMER GENERAL CORP COM 026351106 2621 91558 SH DEFINED 0103 69250 22308 AMER GENERAL CORP COM 026351106 11536 403000 SH DEFINED 01 403000 AM GREETINGS CL A COM 026375105 60 1770 SH DEFINED 0103 1770 AMERICAN HEALTH PROP COM 026494104 3000 120000 SH DEFINED 0132 120000 AMER HOME PRODUCTS COM 026609107 16188 250000 SH DEFINED 0113 250000 AMER HOME PRODUCTS COM 026609107 1619 25000 SH DEFINED 0107 25000 AMER HOME PRODUCTS COM 026609107 291 4500 SH DEFINED 0102 4500 AMER HOME PRODUCTS COM 026609107 8094 125000 SH DEFINED 0131 125000 AMER HOME PRODUCTS COM 026609107 937 14469 SH DEFINED 0103 14469 AMERICAN INTL GROUP COM 026874107 87750 1000000 SH DEFINED 0126 1000000 AMERICAN INTL GROUP COM 026874107 5704 65000 SH DEFINED 011622 65000 AMERICAN INTL GROUP COM 026874107 12724 145000 SH DEFINED 011623 145000 AMERICAN INTL GROUP COM 026874107 21938 250000 SH DEFINED 011516 250000 AMERICAN INTL GROUP COM 026874107 200353 2283206 SH DEFINED 0102 833300 1449906 AMERICAN INTL GROUP COM 026874107 9382 106916 SH DEFINED 0103 98800 8116 AMERICAN INTL GROUP COM 026874107 2018 23000 SH DEFINED 01 23000 AMERICAN MANAGEMENT COM 027352103 304 15400 SH DEFINED 0106 15400 AMERICAN MANAGEMENT COM 027352103 375 19000 SH DEFINED 011619 19000 AMERICAN MANAGEMENT COM 027352103 251 12700 SH DEFINED 011614 12700 AMERICAN MANAGEMENT COM 027352103 393 19900 SH DEFINED 0131 19900 AMERICAN PRESIDENT COM 029103108 1260 22000 SH DEFINED 0107 22000 AMERICAN REA COM 029163102 5675 200000 SH DEFINED 0108 200000 AMERICAN STORES CO COM 030096101 56 1300 SH DEFINED 0125 1300 AMERICAN STORES CO COM 030096101 9 200 SH DEFINED 0102 200 AMERICAN STORES CO COM 030096101 98 2270 SH DEFINED 0103 2270 AT & T COM 030177109 13125 250000 SH DEFINED 0132 250000 AT & T COM 030177109 688 13100 SH DEFINED 0125 13100 PAGE 6 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE AT & T COM 030177109 5250 100000 SH DEFINED 011618 100000 AT & T COM 030177109 148 2800 SH DEFINED 0102 2800 AT & T COM 030177109 2092 39831 SH DEFINED 0103 39831 AMERITECH CORP COM 030954101 528 6885 SH DEFINED 0103 6885 AMGEN INC COM 031162100 4703 95000 SH DEFINED 0106 95000 AMGEN INC COM 031162100 14850 300000 SH DEFINED 0124 300000 AMGEN INC COM 031162100 252 5100 SH DEFINED 0125 5100 AMGEN INC COM 031162100 27225 550000 SH DEFINED 011516 550000 AMGEN INC COM 031162100 3960 80000 SH DEFINED 011614 80000 AMGEN INC COM 031162100 1603 32404 SH DEFINED 0102 32404 AMGEN INC COM 031162100 5940 120000 SH DEFINED 0131 120000 AMGEN INC COM 031162100 279 5643 SH DEFINED 0103 5643 AMGEN INC COM 031162100 6436 130000 SH DEFINED 01 130000 AMP COM 031897101 168 2656 SH DEFINED 0103 2656 AMOCO CORP COM 031905102 13219 250000 SH DEFINED 0124 250000 AMOCO CORP COM 031905102 9253 175000 SH DEFINED 0131 175000 AMOCO CORP COM 031905102 1125 21290 SH DEFINED 0103 21290 AMPHENOL CORP COM 032094203 3300 200000 SH DEFINED 0124 200000 AMPHENOL CORP COM 032094203 3053 185000 SH DEFINED 01 185000 AMSOUTH BANCORPORATI COM 032165102 6250 200000 SH DEFINED 0128 200000 AMSOUTH BANCORPORATI COM 032165102 4616 147700 SH DEFINED 0131 147700 AMSOUTH BANCORPORATI COM 032165102 225 7200 SH DEFINED 0103 7200 AMTECH CORP COM 032329104 4680 195000 SH DEFINED 0106 195000 AMTECH CORP COM 032329104 710 29600 SH DEFINED 011619 29600 AMTECH CORP COM 032329104 4018 167400 SH DEFINED 011614 167400 AMTECH CORP COM 032329104 7758 323250 SH DEFINED 0102 323250 AMTECH CORP COM 032329104 5880 245000 SH DEFINED 0131 245000 AMTECH CORP COM 032329104 103 4275 SH DEFINED 0103 4275 AMYLIN PHARM COM 032346108 1658 127500 SH DEFINED 0106 127500 AMYLIN PHARM COM 032346108 1365 105000 SH DEFINED 011614 105000 ANACOMP INC WARRANT 032375123 438 166930 SH DEFINED 0109 166930 ANACOMP 8.25 SER 1 PREFERRED STOCK 032375404 1900 50000 SH DEFINED 0109 50000 ANACOMP 8.25 SER 1 PREFERRED STOCK 032375404 380 10000 SH DEFINED 0131 10000 ANANGEL AMER SHIPHLD COM 032721201 921 55000 SH DEFINED 0107 55000 ANDREW CORP COM 034425108 2888 75000 SH DEFINED 0106 75000 ANDREW CORP COM 034425108 9625 250000 SH DEFINED 0111 250000 ANDREW CORP COM 034425108 512 13300 SH DEFINED 0125 13300 ANDREW CORP COM 034425108 1155 30000 SH DEFINED 011619 30000 ANDREW CORP COM 034425108 2310 60000 SH DEFINED 011614 60000 ANDREW CORP COM 034425108 6232 161800 SH DEFINED 0102 161800 ANDREW CORP COM 034425108 3850 100000 SH DEFINED 0131 100000 ANDREW CORP COM 034425108 342 8893 SH DEFINED 0103 3100 5793 ANDREW CORP COM 034425108 92 2400 SH DEFINED 01 2400 ANHEUSER BUSCH CO COM 035229103 338 6883 SH DEFINED 0103 6883 AON CORP COM 037389103 24188 500000 SH DEFINED 0113 500000 AON CORP COM 037389103 8466 175000 SH DEFINED 0131 175000 AON CORP COM 037389103 484 10000 SH DEFINED 0103 10000 APPLE COMPUTER COM 037833100 89 3050 SH DEFINED 0103 3050 APPLIED MATERIALS COM 038222105 5813 150000 SH DEFINED 0106 150000 APPLIED MATERIALS COM 038222105 4650 120000 SH DEFINED 011614 120000 PAGE 7 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE APPLIED MATERIALS COM 038222105 7363 190000 SH DEFINED 0131 190000 ARCH COMMUNICATIONS COM 039381108 369 26800 SH DEFINED 011516 26800 ARCH COMMUNICATIONS COM 039381108 1818 132200 SH DEFINED 011619 132200 ARCHER DANIELS MDLND COM 039483102 200 8780 SH DEFINED 0103 8780 ARIZONA PUB SER V PREFERRED STOCK 040555799 3225 30000 SH DEFINED 01 30000 ARIZONA PUB SVC $100 PREFERRED STOCK 040555815 5988 50000 SH DEFINED 0105 50000 ARIZONA $100 PREFERRED STOCK 040555823 4613 45000 SH DEFINED 0105 45000 ARIZONA PUB SVC CO PREFERRED STOCK 040555831 3543 38100 SH DEFINED 01 38100 ARIZONA PUB SVC CO PREFERRED STOCK 040555831 2139 23000 SH DEFINED 0116 23000 ARIZONA PUB SVC $100 PREFERRED STOCK 040555856 2056 20309 SH DEFINED 0105 20309 ARKLA INC COM 041237108 19057 2419933 SH DEFINED 0103 2419933 ARMCO INC COM 042170100 297 49530 SH DEFINED 0103 49530 ARMSTRONG WORLD IND COM 042476101 47 884 SH DEFINED 0103 884 ASARCO INC COM 043413103 25 1082 SH DEFINED 0103 1082 ASHLAND OIL COM 044540102 54 1575 SH DEFINED 0103 1575 ATLANTIC RICHFIELD COM 048825103 26313 250000 SH DEFINED 0113 250000 ATLANTIC RICHFIELD COM 048825103 8946 85000 SH DEFINED 0132 85000 ATLANTIC RICHFIELD COM 048825103 5263 50000 SH DEFINED 0107 50000 ATLANTIC RICHFIELD COM 048825103 8946 85000 SH DEFINED 0131 85000 ATLANTIC RICHFIELD COM 048825103 879 8344 SH DEFINED 0103 8344 ATLANTIC RICHFIELD COM 048825103 5473 52000 SH DEFINED 01 52000 AUTO DESK COM 052769106 27 589 SH DEFINED 0103 589 AUTO DATA PROC CVT CONV BOND 053015AC7 19013 45000000 PRN DEFINED 0130 45000000 AUTOMATIC DATA PROC. COM 053015103 36830 666600 SH DEFINED 011516 666600 AUTOMATIC DATA PROC. COM 053015103 100 1800 SH DEFINED 0102 1800 AUTOMATIC DATA PROC. COM 053015103 201 3640 SH DEFINED 0103 3640 AUTOMOTIVE IND COM 05329E102 14563 500000 SH DEFINED 0124 500000 AUTOMOTIVE IND COM 05329E102 1748 60000 SH DEFINED 011619 60000 AUTOMOTIVE IND COM 05329E102 10067 345600 SH DEFINED 0102 345600 AUTOMOTIVE IND COM 05329E102 160 5500 SH DEFINED 0103 5500 AUTOTOTE CORP COM 053323101 1188 54000 SH DEFINED 011619 54000 AUTOZONE COM 053332102 29 500 SH DEFINED 0102 500 AUTOZONE COM 053332102 412 7200 SH DEFINED 0103 7200 AVALON COM 053469102 3075 150000 SH DEFINED 0132 150000 AVALON COM 053469102 5023 245000 SH DEFINED 0131 245000 AVALON COM 053469102 226 11000 SH DEFINED 0103 11000 AVERY DENNISON CORP COM 053611109 43 1475 SH DEFINED 0103 1475 AVID TECH COM 05367P100 641 30000 SH DEFINED 011619 30000 AVON PRODUCTS COM 054303102 86 1769 SH DEFINED 0103 1769 BB&T FINANCIAL COM 05527L106 5436 163500 SH DEFINED 0128 163500 BB&T FINANCIAL COM 05527L106 3325 100000 SH DEFINED 0131 100000 BCE INC COM 05534B109 24413 700000 SH DEFINED 0113 700000 BCE INC COM 05534B109 6975 200000 SH DEFINED 0132 200000 BCE INC COM 05534B109 6975 200000 SH DEFINED 011618 200000 BCE INC COM 05534B109 9591 275000 SH DEFINED 0131 275000 BCE INC COM 05534B109 523 15000 SH DEFINED 0103 15000 BCE INC COM 05534B109 4917 141000 SH DEFINED 01 141000 BHC FINANCIAL INC COM 05544W101 2750 100000 SH DEFINED 0111 100000 BISYS GROUP COM 055472104 8453 490000 SH DEFINED 011516 490000 BISYS GROUP COM 055472104 1380 80000 SH DEFINED 011619 80000 PAGE 8 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE BMC SOFTWARE INC COM 055921100 2880 60000 SH DEFINED 0106 60000 BMC SOFTWARE INC COM 055921100 2400 50000 SH DEFINED 011614 50000 BMC SOFTWARE INC COM 055921100 3840 80000 SH DEFINED 0131 80000 BAKER HUGHES COM 057224107 71 3542 SH DEFINED 0103 3542 BALL CORP COM 058498106 3025 100000 SH DEFINED 0107 100000 BALL CORP COM 058498106 21 688 SH DEFINED 0103 688 BALLARD MEDICAL PROD COM 058566100 2 137 SH DEFINED 0102 137 BALLY GAMING INTL IN COM 058731100 2243 130000 SH DEFINED 0106 130000 BALLY GAMING INTL IN COM 058731100 6900 400000 SH DEFINED 0124 400000 BALLY GAMING INTL IN COM 058731100 1725 100000 SH DEFINED 011614 100000 BALLY GAMING INTL IN COM 058731100 3950 228900 SH DEFINED 0102 228900 BALLY GAMING INTL IN COM 058731100 2588 150000 SH DEFINED 0131 150000 BALLY GAMING INTL IN COM 058731100 76 4400 SH DEFINED 0103 4400 BALLY MANUFACTURING COM 058732108 10 1181 SH DEFINED 0103 1181 BALTIMORE GAS & ELEC COM 059165100 23 900 SH DEFINED 0102 900 BALTIMORE GAS & ELEC COM 059165100 95 3739 SH DEFINED 0103 3739 BANC ONE CORP COM 059438101 84 2125 SH DEFINED 0102 2125 BANC ONE CORP COM 059438101 346 8856 SH DEFINED 0103 8856 BANCO PORTUGUES ADR COM 059479303 2669 175000 SH DEFINED 0128 175000 BANCO DE SANTANDER COM 059574202 23313 500000 SH DEFINED 0130 500000 BANCO DE SANTANDER COM 059574202 933 20000 SH DEFINED 011620 20000 BANCO FRANCES COM 059591107 1181 30000 SH DEFINED 011620 30000 BAN NAC DEMEX 144A CONV BOND 059617AA8 25150 20000000 PRN DEFINED 0130 20000000 BAN NAC DEMEX 144A CONV BOND 059617AA8 2012 1600000 PRN DEFINED 0104 1600000 BAN NAC DEMEX 144A CONV BOND 059617AA8 1258 1000000 PRN DEFINED 0109 1000000 BAN NAC DEMEX 144A CONV BOND 059617AA8 12575 10000000 PRN DEFINED 0124 10000000 BAN NAC DEMEX 144A CONV BOND 059617AA8 1886 1500000 PRN DEFINED 0107 1500000 BAN NAC DEMEX 144A CONV BOND 059617AA8 1886 1500000 PRN DEFINED 011621 1500000 BAN NAC DEMEX 144A CONV BOND 059617AA8 943 750000 PRN DEFINED 011620 750000 BAN NAC DEMEX 144A CONV BOND 059617AA8 1132 900000 PRN DEFINED 0131 900000 BANCORP HAWAII INC COM 059685107 13325 325000 SH DEFINED 0113 325000 BANCORP HAWAII INC COM 059685107 1435 35000 SH DEFINED 011614 35000 BANCORP HAWAII INC COM 059685107 9020 220000 SH DEFINED 0131 220000 BANCORP HAWAII INC COM 059685107 205 5000 SH DEFINED 0103 5000 BANK OF BOSTON COM 060716107 313 13600 SH DEFINED 0125 13600 BANK OF BOSTON COM 060716107 44 1900 SH DEFINED 0102 1900 BANK OF BOSTON COM 060716107 188 8172 SH DEFINED 0103 8172 BANK AMERICA CORP COM 066050105 13913 300000 SH DEFINED 0113 300000 BANK AMERICA CORP COM 066050105 23188 500000 SH DEFINED 0124 500000 BANK AMERICA CORP COM 066050105 937 20200 SH DEFINED 0125 20200 BANK AMERICA CORP COM 066050105 25506 550000 SH DEFINED 011516 550000 BANK AMERICA CORP COM 066050105 80010 1725283 SH DEFINED 0102 720400 1004883 BANK AMERICA CORP COM 066050105 8348 180000 SH DEFINED 0131 180000 BANK AMERICA CORP COM 066050105 4246 91552 SH DEFINED 0103 66200 25352 BANK AMERICA CORP COM 066050105 1720 37100 SH DEFINED 01 37100 BANKERS TRUST NY COM 066365107 2572 32500 SH DEFINED 0107 32500 BANKERS TRUST NY COM 066365107 171 2165 SH DEFINED 0103 2165 BANYAN CORP COM 066908104 5625 375000 SH DEFINED 0130 375000 BANYAN CORP COM 066908104 4500 300000 SH DEFINED 0108 300000 BANYAN CORP COM 066908104 8625 575000 SH DEFINED 011516 575000 PAGE 9 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE BARCLAYS PLC ADR COM 06738E204 38 1000 SH DEFINED 0102 1000 C R BARD INC COM 067383109 32 1278 SH DEFINED 0103 1278 BARNES & NOBLE COM 067774109 8706 350000 SH DEFINED 011516 350000 BARNETT BKS INC COM 068055102 220 5300 SH DEFINED 0125 5300 BARNETT BKS INC COM 068055102 29 700 SH DEFINED 0102 700 BARNETT BKS INC COM 068055102 197 4759 SH DEFINED 0103 4759 BASSETT FURN IND. COM 070203104 11 318 SH DEFINED 0103 318 BAUSCH & LOMB COM 071707103 41 800 SH DEFINED 0102 800 BAUSCH & LOMB COM 071707103 81 1575 SH DEFINED 0103 1575 BAXTER INTL INC COM 071813109 175 7182 SH DEFINED 0103 7182 BE AEROSPACE COM 073302101 2379 235000 SH DEFINED 0128 235000 BECKMAN INSTRUMENTS COM 075816108 3696 135000 SH DEFINED 0108 135000 BECKMAN INSTRUMENTS COM 075816108 3422 125000 SH DEFINED 0128 125000 BECKMAN INSTRUMENTS COM 075816108 3624 132400 SH DEFINED 011516 132400 BECKMAN INSTRUMENTS COM 075816108 5475 200000 SH DEFINED 0131 200000 BECKMAN INSTRUMENTS COM 075816108 233 8500 SH DEFINED 0103 8500 BECTON DICKINSON COM 075887109 71 1967 SH DEFINED 0103 1967 BED BATH & BEYOND IN COM 075896100 1472 42648 SH DEFINED 0102 42648 BED BATH & BEYOND IN COM 075896100 1197 34700 SH DEFINED 0103 34700 BELL ATLANTIC COM 077853109 25075 425000 SH DEFINED 0130 425000 BELL ATLANTIC COM 077853109 4425 75000 SH DEFINED 0108 75000 BELL ATLANTIC COM 077853109 1475 25000 SH DEFINED 0132 25000 BELL ATLANTIC COM 077853109 8850 150000 SH DEFINED 011618 150000 BELL ATLANTIC COM 077853109 79 1333 SH DEFINED 0131 1333 BELL ATLANTIC COM 077853109 652 11053 SH DEFINED 0103 11053 BELL SPORTS COM 077903102 4627 149300 SH DEFINED 0102 149300 BELL SPORTS COM 077903102 90 2900 SH DEFINED 0103 2900 BELL SOUTH COM 079860102 21703 375000 SH DEFINED 0113 375000 BELL SOUTH COM 079860102 7234 125000 SH DEFINED 0132 125000 BELL SOUTH COM 079860102 6551 113200 SH DEFINED 0125 113200 BELL SOUTH COM 079860102 5788 100000 SH DEFINED 011618 100000 BELL SOUTH COM 079860102 51775 894655 SH DEFINED 0102 340650 554005 BELL SOUTH COM 079860102 5909 102091 SH DEFINED 0103 43700 58391 A.H BELO SER A COM 080555105 12202 230200 SH DEFINED 0102 230200 A.H BELO SER A COM 080555105 239 4500 SH DEFINED 0103 4500 BEMIS CO. COM 081437105 30 1278 SH DEFINED 0103 1278 BENEFICIAL CORP COM 081721102 22950 600000 SH DEFINED 0130 600000 BENEFICIAL CORP COM 081721102 23906 625000 SH DEFINED 0113 625000 BENEFICIAL CORP COM 081721102 7650 200000 SH DEFINED 0131 200000 BENEFICIAL CORP COM 081721102 443 11578 SH DEFINED 0103 11578 BERG ELECTRONICS HLD COM 083726109 1233 770400 SH DEFINED 0109 770400 BERGEN BRUNSWIG CL A COM 083739102 3618 205300 SH DEFINED 0128 205300 BERGEN BRUNSWIG CL A COM 083739102 5288 300000 SH DEFINED 0124 300000 BERGEN BRUNSWIG CL A COM 083739102 4549 258100 SH DEFINED 0131 258100 BERGEN BRUNSWIG CL A COM 083739102 226 12850 SH DEFINED 0103 12850 BEST BUY CO COM 086516101 13950 300000 SH DEFINED 0126 300000 BETHLEHEM STEEL COM 087509105 151 7400 SH DEFINED 0125 7400 BETHLEHEM STEEL COM 087509105 7906 387918 SH DEFINED 0102 151000 236918 BETHLEHEM STEEL COM 087509105 881 43273 SH DEFINED 0103 37912 5361 BETHLEHEM STEEL COM 087509105 6703 329000 SH DEFINED 01 329000 PAGE 10 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE BETH STEEL $50 144A CONV PFD STOCK 087509501 17325 300000 SH DEFINED 0130 300000 BETH STEEL $50 144A CONV PFD STOCK 087509501 4851 84000 SH DEFINED 0107 84000 BEVERLY ENTERPRISES COM 087851101 26 1968 SH DEFINED 0103 1968 BIOGEN INC COM 090597105 7975 200000 SH DEFINED 0111 200000 BIOGEN INC COM 090597105 6549 164200 SH DEFINED 0102 164200 BIOGEN INC COM 090597105 112 2800 SH DEFINED 0103 2800 BIOMET COM 090613100 30 2951 SH DEFINED 0103 2951 BIRMINGHAM STEEL COR COM 091250100 8325 300000 SH DEFINED 0111 300000 BIRMINGHAM STEEL COR COM 091250100 1110 40000 SH DEFINED 011620 40000 BIRMINGHAM STEEL COR COM 091250100 2126 76600 SH DEFINED 01 76600 BLACK & DECKER COM 091797100 16 800 SH DEFINED 0125 800 BLACK & DECKER COM 091797100 7571 383206 SH DEFINED 0102 142100 241106 BLACK & DECKER COM 091797100 51 2564 SH DEFINED 0103 2564 BLACK & DECKER COM 091797100 59 3000 SH DEFINED 01 3000 EW BLANCH COM 093210102 10800 600000 SH DEFINED 0124 600000 EW BLANCH COM 093210102 900 50000 SH DEFINED 0131 50000 BLOCK H&R INC COM 093671105 21394 525000 SH DEFINED 0130 525000 BLOCK H&R INC COM 093671105 36675 900000 SH DEFINED 0126 900000 BLOCK H&R INC COM 093671105 2201 54000 SH DEFINED 011622 54000 BLOCK H&R INC COM 093671105 4890 120000 SH DEFINED 011623 120000 BLOCK H&R INC COM 093671105 26488 650000 SH DEFINED 011516 650000 BLOCK H&R INC COM 093671105 133 3257 SH DEFINED 0103 3257 BLOCKBUSTER ENTRTNMT COM 093676104 40425 1320000 SH DEFINED 0126 1320000 BLOCKBUSTER ENTRTNMT COM 093676104 169 5534 SH DEFINED 0103 5534 BOATMEN'S BANCSHARES COM 096650106 76 2558 SH DEFINED 0103 2558 BOEING COM 097023105 379 8756 SH DEFINED 0103 8756 BOEING COM 097023105 433 10000 SH DEFINED 01 10000 BOISE CASCADE COM 097383103 233 9900 SH DEFINED 0125 9900 BOISE CASCADE COM 097383103 33 1400 SH DEFINED 0102 1400 BOISE CASCADE COM 097383103 115 4884 SH DEFINED 0103 4884 BOISE CASCADE YES E PREFERRED STOCK 097383608 3274 135000 SH DEFINED 0107 135000 BOISE CASCADE 21.125 CONV PFD STOCK 097383863 3325 140000 SH DEFINED 0132 140000 BOISE CASCADE 21.125 CONV PFD STOCK 097383863 5700 240000 SH DEFINED 0107 240000 BOMBAY INC COM 097924104 5400 120000 SH DEFINED 0106 120000 BOMBAY INC COM 097924104 4050 90000 SH DEFINED 011614 90000 BOMBAY INC COM 097924104 13204 293400 SH DEFINED 0102 293400 BOMBAY INC COM 097924104 203 4500 SH DEFINED 0103 4500 BORDEN INC COM 099599102 5100 300000 SH DEFINED 011516 300000 BORDEN INC COM 099599102 60 3541 SH DEFINED 0103 3541 BOSTON CO SPECIAL COM 100583509 3851 215632 SH DEFINED 01 215632 BOSTON SCIENTIFIC COM 101137107 10000 800000 SH DEFINED 0111 800000 BOSTON SCIENTIFIC COM 101137107 75 6000 SH DEFINED 0102 6000 BRADLEY REAL ESTATE COM 104583109 3700 400000 SH DEFINED 0130 400000 BRADLEY REAL ESTATE COM 104583109 1850 200000 SH DEFINED 0107 200000 BRADLEY REAL ESTATE COM 104583109 2035 220000 SH DEFINED 0131 220000 BRADLEY REAL ESTATE COM 104583109 97 10500 SH DEFINED 0103 10500 C BREWER HOMES COM 107575102 2625 200000 SH DEFINED 0124 200000 BRIGGS & STRATTON COM 109043109 33 394 SH DEFINED 0103 394 BRIGHTON CORP PER PREFERRED STOCK 1093319A8 50000 50000 SH DEFINED 01 50000 BRINKER INT'L INC COM 109641100 23000 500000 SH DEFINED 0126 500000 PAGE 11 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE BRINKER INT'L INC COM 109641100 8740 190000 SH DEFINED 0106 190000 BRINKER INT'L INC COM 109641100 20700 450000 SH DEFINED 0111 450000 BRINKER INT'L INC COM 109641100 6900 150000 SH DEFINED 011622 150000 BRINKER INT'L INC COM 109641100 15525 337500 SH DEFINED 011623 337500 BRINKER INT'L INC COM 109641100 7130 155000 SH DEFINED 011614 155000 BRINKER INT'L INC COM 109641100 29435 639850 SH DEFINED 0102 639850 BRINKER INT'L INC COM 109641100 11040 240000 SH DEFINED 0131 240000 BRINKER INT'L INC COM 109641100 587 12750 SH DEFINED 0103 12750 BRISTOL MYERS SQUIBB COM 110122108 23250 400000 SH DEFINED 0130 400000 BRISTOL MYERS SQUIBB COM 110122108 23250 400000 SH DEFINED 0113 400000 BRISTOL MYERS SQUIBB COM 110122108 17438 300000 SH DEFINED 0124 300000 BRISTOL MYERS SQUIBB COM 110122108 2906 50000 SH DEFINED 0107 50000 BRISTOL MYERS SQUIBB COM 110122108 8719 150000 SH DEFINED 0131 150000 BRISTOL MYERS SQUIBB COM 110122108 1202 20670 SH DEFINED 0103 20670 BRITISH PETRO ADR COM 110889409 8960 140000 SH DEFINED 0132 140000 BRITISH GAS PLC ADR COM 110901402 9013 175000 SH DEFINED 0132 175000 BRITISH TEL P/P COM 111021804 16063 500000 SH DEFINED 0130 500000 BRITISH TEL P/P COM 111021804 8834 275000 SH DEFINED 0132 275000 BRITISH TEL P/P COM 111021804 4176 130000 SH DEFINED 011618 130000 BROADBAND TECH COM 111309100 1429 45000 SH DEFINED 0106 45000 BROADBAND TECH COM 111309100 6350 200000 SH DEFINED 011516 200000 BROADBAND TECH COM 111309100 1111 35000 SH DEFINED 011614 35000 BROADBAND TECH COM 111309100 1905 60000 SH DEFINED 0131 60000 BROADWAY & SEYMOUR I COM 111433108 1400 140000 SH DEFINED 011619 140000 BROOKLYN UNION GAS COM 114259104 7528 275000 SH DEFINED 0132 275000 BROWN FORMAN CL B COM 115637209 60 688 SH DEFINED 0103 688 BROWN GROUP INC COM 115657108 14 393 SH DEFINED 0103 393 BROWNING FERRIS IND COM 115885105 152 5900 SH DEFINED 0102 5900 BROWNING FERRIS IND COM 115885105 111 4328 SH DEFINED 0103 4328 BRUNO'S INC COM 116881103 17 1967 SH DEFINED 0103 1967 BRUNSWICK CORP COM 117043109 44 2460 SH DEFINED 0103 2460 BUFETE ADS COM 11942H100 6150 150000 SH DEFINED 0107 150000 BAESA COM 119424208 4500 100000 SH DEFINED 0131 100000 BUFFETS INC COM 119882108 5150 200000 SH DEFINED 0106 200000 BUFFETS INC COM 119882108 4120 160000 SH DEFINED 011614 160000 BUFFETS INC COM 119882108 17499 679500 SH DEFINED 0102 679500 BUFFETS INC COM 119882108 7725 300000 SH DEFINED 0131 300000 BUFFETS INC COM 119882108 324 12600 SH DEFINED 0103 12600 BURLINGTON INDUSTRY COM 121690101 4263 275000 SH DEFINED 0128 275000 BURLINGTON INDUSTRY COM 121690101 3100 200000 SH DEFINED 011618 200000 BURLINGTON INDUSTRY COM 121690101 8138 525000 SH DEFINED 0131 525000 BURLINGTON INDUSTRY COM 121690101 388 25000 SH DEFINED 0103 25000 BURLINGTON NO INC COM 121897102 131 2263 SH DEFINED 0103 2263 BURLINGTON RESOURCES COM 122014103 140 3312 SH DEFINED 0103 3312 BURNHAM PACIFIC PPTY COM 12232C108 2911 170000 SH DEFINED 0132 170000 BURNHAM PACIFIC PPTY COM 12232C108 2141 125000 SH DEFINED 0107 125000 CBS INC COM 124845108 34620 120000 SH DEFINED 0126 120000 CBS INC COM 124845108 114 394 SH DEFINED 0103 394 CBS CVT PREF SER B PREFERRED STOCK 1248452*8 10700 50000 SH DEFINED 01 50000 CIGNA CORP COM 125509109 26669 425000 SH DEFINED 0130 425000 PAGE 12 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE CIGNA CORP COM 125509109 25100 400000 SH DEFINED 0113 400000 CIGNA CORP COM 125509109 3138 50000 SH DEFINED 0107 50000 CIGNA CORP COM 125509109 111 1770 SH DEFINED 0103 1770 CMAC INVESTMENT CORP COM 125662106 1110 40000 SH DEFINED 0106 40000 CMAC INVESTMENT CORP COM 125662106 833 30000 SH DEFINED 011614 30000 CMAC INVESTMENT CORP COM 125662106 1249 45000 SH DEFINED 0131 45000 CML GROUP COM 125820100 44 1850 SH DEFINED 0102 1850 CML GROUP COM 125820100 612 25900 SH DEFINED 0103 25900 CML GROUP COM 125820100 969 41000 SH DEFINED 01 41000 CNA FINANCIAL COM 126117100 612 7900 SH DEFINED 0125 7900 CNA FINANCIAL COM 126117100 85 1100 SH DEFINED 0102 1100 CNA FINANCIAL COM 126117100 370 4774 SH DEFINED 0103 4774 CPC INTL COM 126149103 9525 200000 SH DEFINED 011516 200000 CPC INTL COM 126149103 187 3936 SH DEFINED 0103 3936 CSX CORP COM 126408103 24300 300000 SH DEFINED 0130 300000 CSX CORP COM 126408103 10935 135000 SH DEFINED 0108 135000 CSX CORP COM 126408103 77760 960000 SH DEFINED 0126 960000 CSX CORP COM 126408103 30375 375000 SH DEFINED 0124 375000 CSX CORP COM 126408103 113 1400 SH DEFINED 0125 1400 CSX CORP COM 126408103 5913 73000 SH DEFINED 011622 73000 CSX CORP COM 126408103 12960 160000 SH DEFINED 011623 160000 CSX CORP COM 126408103 16200 200000 SH DEFINED 011618 200000 CSX CORP COM 126408103 1013 12500 SH DEFINED 011620 12500 CSX CORP COM 126408103 128461 1585898 SH DEFINED 0102 622750 963148 CSX CORP COM 126408103 5939 73306 SH DEFINED 0103 70050 3256 CSX CORP COM 126408103 5670 70000 SH DEFINED 01 70000 CUC INT'L INC COM 126545102 3780 105000 SH DEFINED 0106 105000 CUC INT'L INC COM 126545102 14400 400000 SH DEFINED 011516 400000 CUC INT'L INC COM 126545102 10800 300000 SH DEFINED 011618 300000 CUC INT'L INC COM 126545102 3240 90000 SH DEFINED 011614 90000 CUC INT'L INC COM 126545102 21978 610500 SH DEFINED 0102 610500 CUC INT'L INC COM 126545102 4860 135000 SH DEFINED 0131 135000 CUC INT'L INC COM 126545102 418 11600 SH DEFINED 0103 11600 CABLE & WIRELESS PLC COM 126830207 9600 400000 SH DEFINED 0108 400000 CABLE & WIRELESS PLC COM 126830207 32400 1350000 SH DEFINED 0126 1350000 CABLE & WIRELESS PLC COM 126830207 14400 600000 SH DEFINED 0111 600000 CABLE & WIRELESS PLC COM 126830207 7200 300000 SH DEFINED 0132 300000 CABLE & WIRELESS PLC COM 126830207 2400 100000 SH DEFINED 011622 100000 CABLE & WIRELESS PLC COM 126830207 5184 216000 SH DEFINED 011623 216000 CABLE & WIRELESS PLC COM 126830207 14400 600000 SH DEFINED 011516 600000 CABLE & WIRELESS PLC COM 126830207 3360 140000 SH DEFINED 011618 140000 CABLE & WIRELESS PLC COM 126830207 25782 1074255 SH DEFINED 0102 444100 630155 CABLE & WIRELESS PLC COM 126830207 2433 101400 SH DEFINED 0103 101400 CABLETRON SYSTEMS COM 126920107 22500 200000 SH DEFINED 0126 200000 CABLETRON SYSTEMS COM 126920107 15020 133500 SH DEFINED 0102 133500 CABLETRON SYSTEMS COM 126920107 236 2100 SH DEFINED 0103 2100 CADENCE DESIGN SYS COM 127387108 2209 190000 SH DEFINED 0106 190000 CADENCE DESIGN SYS COM 127387108 1744 150000 SH DEFINED 011614 150000 CADENCE DESIGN SYS COM 127387108 2906 250000 SH DEFINED 0131 250000 CAESARS WORLD COM 127695104 21350 400000 SH DEFINED 0126 400000 PAGE 13 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE CAESARS WORLD COM 127695104 13344 250000 SH DEFINED 0124 250000 CALGON CARBON COM 129603106 3900 300000 SH DEFINED 0128 300000 CALGON CARBON COM 129603106 1950 150000 SH DEFINED 0106 150000 CALGON CARBON COM 129603106 4328 332900 SH DEFINED 011516 332900 CALGON CARBON COM 129603106 1625 125000 SH DEFINED 011614 125000 CALGON CARBON COM 129603106 2600 200000 SH DEFINED 0131 200000 CALIFORNIA MICRO DEV COM 130439102 1563 100000 SH DEFINED 011614 100000 CALLAWAY GOLF CO COM 131193104 641 12000 SH DEFINED 011619 12000 CALLAWAY GOLF CO COM 131193104 413 7732 SH DEFINED 0102 7732 CAMCO COM 132632100 2866 175000 SH DEFINED 0128 175000 CAMDEN PROP TRUST COM 133131102 3156 125000 SH DEFINED 0132 125000 CAMDEN PROP TRUST COM 133131102 2525 100000 SH DEFINED 0107 100000 CAMDEN PROP TRUST COM 133131102 1263 50000 SH DEFINED 011618 50000 CAMPBELL SOUP COM 134429109 262 6394 SH DEFINED 0103 6394 CAPITAL CITIES/ABC COM 139859102 243 393 SH DEFINED 0103 393 CAPITAL HOLDING CORP COM 140186107 21347 575000 SH DEFINED 0113 575000 CAPITAL HOLDING CORP COM 140186107 7425 200000 SH DEFINED 0131 200000 CAPITAL HOLDING CORP COM 140186107 518 13958 SH DEFINED 0103 13958 CAPSTEAD MORTGAGE CO COM 14067E100 2050 50000 SH DEFINED 0107 50000 CARDINAL DISTRIBUTIO COM 141487108 5900 124200 SH DEFINED 0106 124200 CARDINAL DISTRIBUTIO COM 141487108 46978 989000 SH DEFINED 011516 989000 CARDINAL DISTRIBUTIO COM 141487108 4988 105000 SH DEFINED 011614 105000 CARDINAL DISTRIBUTIO COM 141487108 1900 40000 SH DEFINED 0131 40000 CARNIVAL CRUISE CONV BOND 143658AB8 1505 1000000 PRN DEFINED 0107 1000000 CAROLINA FIRST $25 CONV PFD STOCK 143877306 1458 55000 SH DEFINED 0107 55000 CAROLINA POWER & LT COM 144141108 124 4132 SH DEFINED 0103 4132 CARTER HAW HALE 144A CONV BOND 146227AL7 1018 1000000 PRN DEFINED 0132 1000000 CARTER HAW HALE 144A CONV BOND 146227AL7 4070 4000000 PRN DEFINED 0107 4000000 CARTER HAW HALE 144A CONV BOND 146227AL7 967 950000 PRN DEFINED 0131 950000 CARTER HAW HALE 144A CONV BOND 146227AL7 51 50000 PRN DEFINED 0103 50000 CARTER HAWLEY HALE S COM 146227301 9500 1000000 SH DEFINED 0124 1000000 CARTER HAWLEY HALE S COM 146227301 4541 478000 SH DEFINED 0131 478000 CARTER HAWLEY HALE S COM 146227301 209 22000 SH DEFINED 0103 22000 CASCADE NATURAL GAS COM 147339105 6543 371250 SH DEFINED 0132 371250 CATALINA MKTG COM 148867104 3000 60000 SH DEFINED 0106 60000 CATALINA MKTG COM 148867104 2500 50000 SH DEFINED 011614 50000 CATALINA MKTG COM 148867104 8100 162000 SH DEFINED 0102 162000 CATALINA MKTG COM 148867104 1500 30000 SH DEFINED 0131 30000 CATALINA MKTG COM 148867104 150 3000 SH DEFINED 0103 3000 CATERPILLAR INC COM 149123101 22250 250000 SH DEFINED 0130 250000 CATERPILLAR INC COM 149123101 53400 600000 SH DEFINED 0126 600000 CATERPILLAR INC COM 149123101 2430 27300 SH DEFINED 0125 27300 CATERPILLAR INC COM 149123101 6230 70000 SH DEFINED 011618 70000 CATERPILLAR INC COM 149123101 890 10000 SH DEFINED 011620 10000 CATERPILLAR INC COM 149123101 338 3800 SH DEFINED 0102 3800 CATERPILLAR INC COM 149123101 1224 13757 SH DEFINED 0103 13757 CATERPILLAR INC COM 149123101 6809 76500 SH DEFINED 01 76500 CATO CORP -CL A COM 149205106 1000 50000 SH DEFINED 011619 50000 CELLULAR COMM INC. COM 150917102 4675 100000 SH DEFINED 0131 100000 CELESTIAL SEASONINGS COM 151016102 2104 85000 SH DEFINED 0106 85000 PAGE 14 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE CELESTIAL SEASONINGS COM 151016102 1485 60000 SH DEFINED 011614 60000 CELESTIAL SEASONINGS COM 151016102 2723 110000 SH DEFINED 0131 110000 CELLULAR INC COM 151163102 4200 240000 SH DEFINED 0106 240000 CELLULAR INC COM 151163102 3500 200000 SH DEFINED 011614 200000 CELLULAR INC COM 151163102 3325 190000 SH DEFINED 0131 190000 CEMEX 144A ADS CPO COM 151290301 5634 100000 SH DEFINED 0124 100000 CEMEX 144A ADS CPO COM 151290301 5634 100000 SH DEFINED 0107 100000 CENTER POINT COM 151895109 2021 110000 SH DEFINED 0107 110000 CENTEX CORPORATION COM 152312104 33 787 SH DEFINED 0103 787 CENTRIGRAM COM 152317103 2840 80000 SH DEFINED 0106 80000 CENTRIGRAM COM 152317103 497 14000 SH DEFINED 011619 14000 CENTRIGRAM COM 152317103 2308 65000 SH DEFINED 011614 65000 CENTRIGRAM COM 152317103 6035 170000 SH DEFINED 0102 170000 CENTRIGRAM COM 152317103 3728 105000 SH DEFINED 0131 105000 CENTRIGRAM COM 152317103 121 3400 SH DEFINED 0103 3400 CENTOCOR WTS WARRANT 152342143 213 25000 SH DEFINED 0106 25000 CENTOCOR WTS WARRANT 152342143 412 48500 SH DEFINED 0131 48500 CENTRAL & S W COM 152357109 146 4820 SH DEFINED 0103 4820 CENTRAL LA ELECTRIC COM 153897608 4950 200000 SH DEFINED 0132 200000 CENTRAL PUERTO 144A COM 155038102 1242 36000 SH DEFINED 0107 36000 CENTRAL VT PUB SRV COM 155771108 2061 98129 SH DEFINED 0103 98129 CENTURY TELEPHONE EN COM 156686107 12875 500000 SH DEFINED 0111 500000 CENTURY TELEPHONE EN COM 156686107 5923 230000 SH DEFINED 011618 230000 CERIDIAN CORP COM 15677T106 12350 650000 SH DEFINED 011516 650000 CERIDIAN CORP COM 15677T106 21 1082 SH DEFINED 0103 1082 CERNER CORP COM 156782104 1523 35000 SH DEFINED 011619 35000 CERTIFIED CAP CORP COM 15689*106 55 55000 SH DEFINED 0116 55000 CHAMPION INTL COM 158525105 79 2361 SH DEFINED 0103 2361 CHARMING SHOPPES COM 161133103 32 2656 SH DEFINED 0103 2656 CHASE MANHATTAN CORP COM 161610100 454 13400 SH DEFINED 0125 13400 CHASE MANHATTAN CORP COM 161610100 3388 100000 SH DEFINED 0107 100000 CHASE MANHATTAN CORP COM 161610100 668 19700 SH DEFINED 0102 19700 CHASE MANHATTAN CORP COM 161610100 344 10166 SH DEFINED 0103 10166 CHASE MANHATTAN CORP COM 161610100 139 4100 SH DEFINED 01 4100 CHATEAU PROPERTIES COM 161739107 938 42900 SH DEFINED 0132 42900 CHATEAU PROPERTIES COM 161739107 661 30200 SH DEFINED 0107 30200 CHATEAU PROPERTIES COM 161739107 140 6400 SH DEFINED 0131 6400 CHATWIN GROUP COM 162468110 23 5000 SH DEFINED 0109 5000 CHELSEA PROP COM 163262108 233 8600 SH DEFINED 0132 8600 CHELSEA PROP COM 163262108 1356 50000 SH DEFINED 011618 50000 CHELSEA PROP COM 163262108 30 1100 SH DEFINED 0131 1100 CHEMICAL BKG CORP COM 163722101 562 14000 SH DEFINED 0125 14000 CHEMICAL BKG CORP COM 163722101 76 1900 SH DEFINED 0102 1900 CHEMICAL BKG CORP COM 163722101 486 12095 SH DEFINED 0103 12095 CHEM NY SER C ARP PREFERRED STOCK 163722507 2400 200000 SH DEFINED 0116 200000 CHEROKEE SERIES A WARRANT 16444L111 3 7450 SH DEFINED 0109 7450 CHEROKEE SERIES B WARRANT 16444L129 2 9165 SH DEFINED 0109 9165 CHEROKEE SERIES C WARRANT 16444L137 3 27492 SH DEFINED 0109 27492 CHEVRON CORP COM 166751107 958 11000 SH DEFINED 0125 11000 CHEVRON CORP COM 166751107 122 1400 SH DEFINED 0102 1400 PAGE 15 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE CHEVRON CORP COM 166751107 1131 12982 SH DEFINED 0103 12982 CHEYENNE SOFTWARE IN COM 166888107 1105 40000 SH DEFINED 011620 40000 CHEYENNE SOFTWARE IN COM 166888107 5173 187300 SH DEFINED 0102 187300 CHEYENNE SOFTWARE IN COM 166888107 86 3100 SH DEFINED 0103 3100 CHILES OFFSHORE $25 CONV PFD STOCK 168887206 910 40000 SH DEFINED 0107 40000 CHIPCOM CORP COM 169617107 4293 85000 SH DEFINED 0106 85000 CHIPCOM CORP COM 169617107 606 12000 SH DEFINED 011619 12000 CHIPCOM CORP COM 169617107 3232 64000 SH DEFINED 011614 64000 CHIPCOM CORP COM 169617107 6217 123100 SH DEFINED 0102 123100 CHIPCOM CORP COM 169617107 5303 105000 SH DEFINED 0131 105000 CHIPCOM CORP COM 169617107 111 2200 SH DEFINED 0103 2200 CHIRON COM 170040109 5040 60000 SH DEFINED 0106 60000 CHIRON COM 170040109 4032 48000 SH DEFINED 011614 48000 CHIRON COM 170040109 5847 69600 SH DEFINED 0102 69600 CHIRON COM 170040109 6384 76000 SH DEFINED 0131 76000 CHIRON COM 170040109 109 1300 SH DEFINED 0103 1300 CHOCK FULL O NUTS CONV BOND 170268AC0 611 600000 PRN DEFINED 0107 600000 CHRYSLER COM 171196108 79875 1500000 SH DEFINED 0126 1500000 CHRYSLER COM 171196108 421 7900 SH DEFINED 0125 7900 CHRYSLER COM 171196108 4793 90000 SH DEFINED 011622 90000 CHRYSLER COM 171196108 10863 204000 SH DEFINED 011623 204000 CHRYSLER COM 171196108 9053 170000 SH DEFINED 011618 170000 CHRYSLER COM 171196108 49661 932645 SH DEFINED 0102 239300 693345 CHRYSLER COM 171196108 3288 61752 SH DEFINED 0103 49700 12052 CHRYSLER COM 171196108 6604 124000 SH DEFINED 01 124000 CHUBB CORP COM 171232101 304 3900 SH DEFINED 0125 3900 CHUBB CORP COM 171232101 1363 17500 SH DEFINED 011620 17500 CHUBB CORP COM 171232101 12947 166276 SH DEFINED 0102 71900 94376 CHUBB CORP COM 171232101 301 3863 SH DEFINED 0103 3863 CIBA GEIGY/ALZA 144A CONV BOND 17163HAA7 4215 4000000 PRN DEFINED 0131 4000000 CIFRA SA DECV ADR-B COM 171785207 3235 1000000 SH DEFINED 0106 1000000 CIFRA SA DECV ADR-B COM 171785207 2750 850000 SH DEFINED 011614 850000 CIFRA SA DECV ADR-B COM 171785207 7764 2400000 SH DEFINED 0131 2400000 CINCINATTI G & E COM 172070104 7563 275000 SH DEFINED 0132 275000 CINCINNATI MILACRON COM 172172108 19 886 SH DEFINED 0103 886 CIRCUIT CITY COM 172737108 53 2459 SH DEFINED 0103 2459 CISCO SYSTEMS COM 17275R102 9694 150000 SH DEFINED 0130 150000 CISCO SYSTEMS COM 17275R102 11309 175000 SH DEFINED 0108 175000 CISCO SYSTEMS COM 17275R102 103400 1600000 SH DEFINED 0126 1600000 CISCO SYSTEMS COM 17275R102 14541 225000 SH DEFINED 0106 225000 CISCO SYSTEMS COM 17275R102 32313 500000 SH DEFINED 0111 500000 CISCO SYSTEMS COM 17275R102 38775 600000 SH DEFINED 0124 600000 CISCO SYSTEMS COM 17275R102 9306 144000 SH DEFINED 011622 144000 CISCO SYSTEMS COM 17275R102 20887 323200 SH DEFINED 011623 323200 CISCO SYSTEMS COM 17275R102 30697 475000 SH DEFINED 011516 475000 CISCO SYSTEMS COM 17275R102 3878 60000 SH DEFINED 011619 60000 CISCO SYSTEMS COM 17275R102 1293 20000 SH DEFINED 011620 20000 CISCO SYSTEMS COM 17275R102 11309 175000 SH DEFINED 011614 175000 CISCO SYSTEMS COM 17275R102 153367 2373185 SH DEFINED 0102 668800 1704385 CISCO SYSTEMS COM 17275R102 18741 290000 SH DEFINED 0131 290000 PAGE 16 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE CISCO SYSTEMS COM 17275R102 5571 86195 SH DEFINED 0103 83050 3145 CISCO SYSTEMS COM 17275R102 5041 78000 SH DEFINED 01 78000 CIRCUS CIRCUS ENT COM 172909103 11100 300000 SH DEFINED 0130 300000 CIRCUS CIRCUS ENT COM 172909103 8880 240000 SH DEFINED 011618 240000 CIRCUS CIRCUS ENT COM 172909103 1258 34000 SH DEFINED 011619 34000 CIRCUS CIRCUS ENT COM 172909103 1110 30000 SH DEFINED 011620 30000 CIRCUS CIRCUS ENT COM 172909103 59 1600 SH DEFINED 0102 1600 CIRCUS CIRCUS ENT COM 172909103 836 22600 SH DEFINED 0103 22600 CIRCUS CIRCUS ENT COM 172909103 13468 364000 SH DEFINED 01 364000 CITICORP COM 173034109 88200 2400000 SH DEFINED 0126 2400000 CITICORP COM 173034109 441 12000 SH DEFINED 0102 12000 CITICORP COM 173034109 347 9445 SH DEFINED 0103 9445 CITICORP PERC CVT CONV PFD STOCK 173034430 7950 400000 SH DEFINED 011618 400000 CLARCOR INC COM 179895107 4060 192200 SH DEFINED 0128 192200 CLARK EQUIPMENT COM 181396102 26 493 SH DEFINED 0103 493 CLAYTON HOMES INC COM 184190106 12125 500000 SH DEFINED 0108 500000 CLAYTON HOMES INC COM 184190106 1334 55000 SH DEFINED 011619 55000 CLEVELAND-CLIFFS IRN COM 185896107 5419 145000 SH DEFINED 0128 145000 CLOROX CO. COM 189054109 75 1377 SH DEFINED 0103 1377 COASTAL CORP COM 190441105 75 2656 SH DEFINED 0103 2656 COCA-COLA COM 191216100 53550 1200000 SH DEFINED 0126 1200000 COCA-COLA COM 191216100 22313 500000 SH DEFINED 0111 500000 COCA-COLA COM 191216100 6189 138700 SH DEFINED 0125 138700 COCA-COLA COM 191216100 4596 103000 SH DEFINED 011622 103000 COCA-COLA COM 191216100 10460 234400 SH DEFINED 011623 234400 COCA-COLA COM 191216100 14503 325000 SH DEFINED 011516 325000 COCA-COLA COM 191216100 13388 300000 SH DEFINED 011618 300000 COCA-COLA COM 191216100 19260 431582 SH DEFINED 0102 191800 239782 COCA-COLA COM 191216100 5599 125484 SH DEFINED 0103 35900 89584 COCA-COLA COM 191216100 228 5100 SH DEFINED 01 5100 FEMSA COKE COM 191241108 13100 400000 SH DEFINED 011516 400000 COLEMAN COMPANY INC COM 193559101 25 900 SH DEFINED 0102 900 COLEMAN COMPANY INC COM 193559101 1042 37200 SH DEFINED 0103 37200 COLGATE-PALMOLIVE COM 194162103 24950 400000 SH DEFINED 0124 400000 COLGATE-PALMOLIVE COM 194162103 231 3700 SH DEFINED 0125 3700 COLGATE-PALMOLIVE COM 194162103 3743 60000 SH DEFINED 011618 60000 COLGATE-PALMOLIVE COM 194162103 39944 640404 SH DEFINED 0102 265800 374604 COLGATE-PALMOLIVE COM 194162103 10916 175000 SH DEFINED 0131 175000 COLGATE-PALMOLIVE COM 194162103 2424 38839 SH DEFINED 0103 25800 13039 COLGATE-PALMOLIVE COM 194162103 6612 106000 SH DEFINED 01 106000 COLUMBIA GAS SYSTEM COM 197648108 29 1279 SH DEFINED 0103 1279 COLUMBIA HEALTHCARE COM 197679103 126 3795 SH DEFINED 0103 3795 COLUMBUS REALTY COM 199567108 2606 150000 SH DEFINED 0107 150000 COMCAST CORP CONV BOND 200300AK7 19300 10000000 PRN DEFINED 0130 10000000 COMCAST CORP CONV BOND 200300AR2 10816 19800000 PRN DEFINED 011516 19800000 COMCAST CORPORATION COM 200300101 4729 130000 SH DEFINED 0106 130000 COMCAST CORPORATION COM 200300101 21825 600000 SH DEFINED 0111 600000 COMCAST CORPORATION COM 200300101 1557 42800 SH DEFINED 0125 42800 COMCAST CORPORATION COM 200300101 3638 100000 SH DEFINED 011622 100000 COMCAST CORPORATION COM 200300101 8257 227000 SH DEFINED 011623 227000 PAGE 17 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE COMCAST CORPORATION COM 200300101 18188 500000 SH DEFINED 011516 500000 COMCAST CORPORATION COM 200300101 18188 500000 SH DEFINED 011618 500000 COMCAST CORPORATION COM 200300101 3638 100000 SH DEFINED 011614 100000 COMCAST CORPORATION COM 200300101 380 10400 SH DEFINED 0102 10400 COMCAST CORPORATION COM 200300101 6184 170000 SH DEFINED 0131 170000 COMCAST CORPORATION COM 200300101 607 16700 SH DEFINED 0103 16700 COMCAST CORP CLA SPL COM 200300200 50400 1400000 SH DEFINED 0126 1400000 COMCAST CORP CLA SPL COM 200300200 360 10000 SH DEFINED 011614 10000 COMCAST CORP CLA SPL COM 200300200 132 3660 SH DEFINED 0103 3660 COMCAST CORP CLA SPL COM 200300200 4284 119000 SH DEFINED 01 119000 COMMERCIAL INTERTECH COM 201709102 975 50000 SH DEFINED 011620 50000 COMMWLTH ED $100 PVT PREFERRED STOCK 20279K2*7 9744 94605 SH DEFINED 0105 94605 COMMWLTH ED $100 PVT PREFERRED STOCK 20279K2*7 5907 57348 SH DEFINED 01 57348 COMMWLTH ED $100 PVT PREFERRED STOCK 20279K2*7 1426 13844 SH DEFINED 0116 13844 COMMONWEALTH EDISON COM 202795100 4944 175000 SH DEFINED 0132 175000 COMMONWEALTH EDISON COM 202795100 156 5510 SH DEFINED 0103 5510 COMMONWEALTH EDISON PREFERRED STOCK 2027959A0 10043 97500 SH DEFINED 0105 97500 COMMONWEALTH EDISON PREFERRED STOCK 202990925 4136 40153 SH DEFINED 01 40153 COMMUNICATIONS CENTR COM 203388103 729 55000 SH DEFINED 011619 55000 COMMUNITY HEALTH SYS COM 203666102 3656 195000 SH DEFINED 0128 195000 COMMUNITY PSYCH CNTR COM 204015101 15 1082 SH DEFINED 0103 1082 CHILE TELEPHONE CO COM 204449201 1080 10600 SH DEFINED 0112 10600 CHILE TELEPHONE CO COM 204449201 1192 11700 SH DEFINED 011617 11700 CHILE TELEPHONE CO COM 204449201 357 3500 SH DEFINED 0131 3500 COMPAQ COMPUTER CORP COM 204493100 51800 700000 SH DEFINED 0126 700000 COMPAQ COMPUTER CORP COM 204493100 3700 50000 SH DEFINED 011622 50000 COMPAQ COMPUTER CORP COM 204493100 8510 115000 SH DEFINED 011623 115000 COMPAQ COMPUTER CORP COM 204493100 9990 135000 SH DEFINED 0131 135000 COMPAQ COMPUTER CORP COM 204493100 153 2065 SH DEFINED 0103 2065 COMPUTER ASSOC COM 204912109 20000 500000 SH DEFINED 0126 500000 COMPUTER ASSOC COM 204912109 1200 30000 SH DEFINED 011622 30000 COMPUTER ASSOC COM 204912109 2720 68000 SH DEFINED 011623 68000 COMPUTER ASSOC COM 204912109 1 22 SH DEFINED 0102 22 COMPUTER ASSOC COM 204912109 173 4329 SH DEFINED 0103 4329 COMP USA COM 204932107 1000 50000 SH DEFINED 011618 50000 COMPUTER SCIENCES COM 205363104 39 393 SH DEFINED 0103 393 COMPUWARE COM 205638109 1300 50000 SH DEFINED 011619 50000 COMSAT CORP COM 20564D107 12495 420000 SH DEFINED 011618 420000 CONAGRA COM 205887102 169 6394 SH DEFINED 0103 6394 CONCORD EFS INC. COM 206189102 553 25000 SH DEFINED 011619 25000 CONNECTICUT ENERGY C COM 207567108 3229 129800 SH DEFINED 0132 129800 CONNER PERIPHERALS CONV BOND 208108AB6 21813 25000000 PRN DEFINED 0130 25000000 CONNER PERIPHERALS CONV BOND 208108AB6 4363 5000000 PRN DEFINED 0104 5000000 CONNER PERIPHERALS CONV BOND 208108AB6 4363 5000000 PRN DEFINED 0107 5000000 CONNER PERIPHERALS CONV BOND 208108AB6 2618 3000000 PRN DEFINED 011621 3000000 CONNER PERIPHERALS CONV BOND 208108AB6 8725 10000000 PRN DEFINED 011618 10000000 CONNER PERIPHERALS CONV BOND 208108AB6 873 1000000 PRN DEFINED 011620 1000000 CONNER PERIPHERALS CONV BOND 208108AB6 1745 2000000 PRN DEFINED 0131 2000000 CONRAIL INC. COM 208368100 87555 1309220 SH DEFINED 0102 529300 779920 CONRAIL INC. COM 208368100 4130 61766 SH DEFINED 0103 59700 2066 PAGE 18 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE CONRAIL INC. COM 208368100 7223 108000 SH DEFINED 01 108000 CONSECO S D $50 CVT CONV PFD STOCK 208464305 715 13000 SH DEFINED 0107 13000 CONSO COM 20854R105 952 81000 SH DEFINED 0107 81000 CONSO COM 20854R105 646 55000 SH DEFINED 011619 55000 CEPA 144A ADS COM 208552109 867 50000 SH DEFINED 0107 50000 CEPA 144A ADS COM 208552109 3468 200000 SH DEFINED 011618 200000 CEPA 144A ADS COM 208552109 173 10000 SH DEFINED 0131 10000 CONSOLIDATED EDISON COM 209111103 193 6001 SH DEFINED 0103 6001 CON FREIGHTWAYS COM 209237106 21 885 SH DEFINED 0103 885 CONSOL NAT GAS PUTOO CONV BOND 209615BL6 5800 5000000 PRN DEFINED 0132 5000000 CONSOLIDATED NAT GAS COM 209615103 111 2361 SH DEFINED 0103 2361 CONSOLIDATED STORES COM 210149100 2385 120000 SH DEFINED 0106 120000 CONSOLIDATED STORES COM 210149100 1292 65000 SH DEFINED 011619 65000 CONSOLIDATED STORES COM 210149100 1988 100000 SH DEFINED 011614 100000 CONSOLIDATED STORES COM 210149100 3081 155000 SH DEFINED 0131 155000 CONSOLIDATED STORES COM 210149100 6936 349000 SH DEFINED 01 349000 DINA CORP COM 210306106 5575 200000 SH DEFINED 0107 200000 DINA CORP COM 210306106 976 35000 SH DEFINED 011620 35000 CONTINENTAL BANK COM 211113105 11209 425000 SH DEFINED 0124 425000 CONTINENTAL BANK COM 211113105 13188 500000 SH DEFINED 011516 500000 CONTINENTAL CORP COM 211327101 2763 100000 SH DEFINED 0107 100000 CONTINENTAL CORP COM 211327101 38 1377 SH DEFINED 0103 1377 CONVEX COMPUTER CORP CONV BOND 212578AA6 2680 4000000 PRN DEFINED 011621 4000000 CONVEX COMPUTER CORP CONV BOND 212578AA6 1340 2000000 PRN DEFINED 0131 2000000 COOPER INDUSTRIES COM 216669101 140 2852 SH DEFINED 0103 2852 COOPER IND PFD CONV PFD STOCK 216669507 2166 75000 SH DEFINED 0107 75000 COOPER TIRE & RUBBER COM 216831107 972 38850 SH DEFINED 0102 38850 COOPER TIRE & RUBBER COM 216831107 54 2164 SH DEFINED 0103 2164 COORS ADOLPH COM 217016104 14 884 SH DEFINED 0103 884 CORESTATES FINANCIAL COM 218695104 14369 550000 SH DEFINED 0113 550000 CORESTATES FINANCIAL COM 218695104 77 2950 SH DEFINED 0103 2950 CORNING INC COM 219350105 23827 850850 SH DEFINED 0102 288100 562750 CORNING INC COM 219350105 799 28518 SH DEFINED 0103 23500 5018 CORNING INC COM 219350105 3276 117000 SH DEFINED 01 117000 ARGENTARIA COM 219913100 2113 100000 SH DEFINED 0107 100000 CORRPRO CO COM 220317101 1163 60000 SH DEFINED 011619 60000 COSTCO WHOLESALE CO CONV BOND 221607AB0 18900 20000000 PRN DEFINED 0130 20000000 COSTCO WHOLESALE CO CONV BOND 221607AB0 14175 15000000 PRN DEFINED 0124 15000000 COSTCO WHOLESALE CO CONV BOND 221607AB0 18900 20000000 PRN DEFINED 011516 20000000 COTT CORP QUE COM 22163N106 439 18000 SH DEFINED 011619 18000 COTT CORP QUE COM 22163N106 5756 236100 SH DEFINED 0102 236100 COTT CORP QUE COM 22163N106 139 5700 SH DEFINED 0103 5700 COUNSELLORS TANDEM PREFERRED STOCK 222269201 1673 33800 SH DEFINED 01 33800 CRACKER BRL OLD CTRY COM 224100107 4813 175000 SH DEFINED 0106 175000 CRACKER BRL OLD CTRY COM 224100107 3988 145000 SH DEFINED 011614 145000 CRACKER BRL OLD CTRY COM 224100107 6776 246350 SH DEFINED 0102 246350 CRACKER BRL OLD CTRY COM 224100107 6050 220000 SH DEFINED 0131 220000 CRACKER BRL OLD CTRY COM 224100107 129 4675 SH DEFINED 0103 4675 CRANE CO. COM 224399105 19 787 SH DEFINED 0103 787 CRAY RESEARCH INC COM 225224104 18 689 SH DEFINED 0103 689 PAGE 19 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE CRIMI MAE INC. COM 226603108 1669 150000 SH DEFINED 0107 150000 CROMPTON & KNOWLES COM 227111101 9981 453700 SH DEFINED 0124 453700 CROSS COM CORP COM 22757K104 1000 50000 SH DEFINED 011620 50000 CROSS TIMBERS OIL CO CONV BOND 227573AA0 908 1000000 PRN DEFINED 0104 1000000 CROSS TIMBERS OIL CO CONV BOND 227573AA0 454 500000 PRN DEFINED 0107 500000 CROSS TIMBERS OIL CO CONV BOND 227573AA0 681 750000 PRN DEFINED 011621 750000 CROSS TIMBERS OIL CO CONV BOND 227573AA0 817 900000 PRN DEFINED 011620 900000 CROSS TIMBERS OIL CO CONV BOND 227573AA0 908 1000000 PRN DEFINED 0131 1000000 CROSS TIMBER COM 227573102 2351 165000 SH DEFINED 0128 165000 CROSS TIMBER COM 227573102 2494 175000 SH DEFINED 0124 175000 CROSS TIMBER COM 227573102 570 40000 SH DEFINED 011619 40000 CROSS TIMBER COM 227573102 1425 100000 SH DEFINED 0131 100000 CROSSLAND FEDL SVGS COM 22764B105 1581 55000 SH DEFINED 0128 55000 CROSSLAND FEDL SVGS COM 22764B105 719 25000 SH DEFINED 011620 25000 CROWN AMERICA COM 228186102 2805 187000 SH DEFINED 0132 187000 CROWN AMERICA COM 228186102 1800 120000 SH DEFINED 0107 120000 CROWN AMERICA COM 228186102 2250 150000 SH DEFINED 011618 150000 CROWN AMERICA COM 228186102 7278 485200 SH DEFINED 0131 485200 CROWN AMERICA COM 228186102 353 23500 SH DEFINED 0103 23500 CROWN CORK & SEAL COM 228255105 25125 600000 SH DEFINED 0130 600000 CROWN CORK & SEAL COM 228255105 13609 325000 SH DEFINED 0108 325000 CROWN CORK & SEAL COM 228255105 20938 500000 SH DEFINED 011516 500000 CROWN CORK & SEAL COM 228255105 19343 461915 SH DEFINED 0102 281800 180115 CROWN CORK & SEAL COM 228255105 95 2263 SH DEFINED 0103 2263 CUMMINS ENGINE COM 231021106 42 786 SH DEFINED 0103 786 CYPRESS SEMICONDCTR COM 232806109 681 50000 SH DEFINED 011619 50000 CYPRUS AMAX MINERALS COM 232809103 28463 1100000 SH DEFINED 0130 1100000 CYPRUS AMAX MINERALS COM 232809103 417 16100 SH DEFINED 0125 16100 CYPRUS AMAX MINERALS COM 232809103 3881 150000 SH DEFINED 011618 150000 CYPRUS AMAX MINERALS COM 232809103 1294 50000 SH DEFINED 011620 50000 CYPRUS AMAX MINERALS COM 232809103 31864 1231400 SH DEFINED 0102 400000 831400 CYPRUS AMAX MINERALS COM 232809103 1066 41211 SH DEFINED 0103 32300 8911 CYPRUS AMAX MINERALS COM 232809103 2536 98000 SH DEFINED 01 98000 DQE COM 23329J104 4830 140000 SH DEFINED 0132 140000 DPL INC COM 233293109 4259 206501 SH DEFINED 0103 206501 DSC COMMUNICATIONS COM 233311109 85 1384 SH DEFINED 0103 1384 DANA CORP COM 235811106 29938 500000 SH DEFINED 0130 500000 DANA CORP COM 235811106 13472 225000 SH DEFINED 0108 225000 DANA CORP COM 235811106 3593 60000 SH DEFINED 0107 60000 DANA CORP COM 235811106 71 1180 SH DEFINED 0103 1180 DANKA BUSINESS SYS P COM 236277109 2000 50000 SH DEFINED 0106 50000 DANKA BUSINESS SYS P COM 236277109 12000 300000 SH DEFINED 0111 300000 DANKA BUSINESS SYS P COM 236277109 2876 71900 SH DEFINED 011516 71900 DANKA BUSINESS SYS P COM 236277109 1600 40000 SH DEFINED 011619 40000 DANKA BUSINESS SYS P COM 236277109 1800 45000 SH DEFINED 011614 45000 DANKA BUSINESS SYS P COM 236277109 6801 170016 SH DEFINED 0102 170016 DANKA BUSINESS SYS P COM 236277109 2600 65000 SH DEFINED 0131 65000 DANKA BUSINESS SYS P COM 236277109 160 4000 SH DEFINED 0103 4000 DANKA BUSINESS SYS P COM 236277109 280 7000 SH DEFINED 01 7000 DATA GENERAL COM 237688106 8 886 SH DEFINED 0103 886 PAGE 20 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE DAYTON HUDSON CORP COM 239753106 25031 375000 SH DEFINED 0113 375000 DAYTON HUDSON CORP COM 239753106 118 1770 SH DEFINED 0103 1770 DEAN FOODS COM 242361103 5220 160000 SH DEFINED 0128 160000 DEAN WITTER COM 24240V101 34625 1000000 SH DEFINED 0126 1000000 DEAN WITTER COM 24240V101 3116 90000 SH DEFINED 011622 90000 DEAN WITTER COM 24240V101 7064 204000 SH DEFINED 011623 204000 DEAN WITTER COM 24240V101 17313 500000 SH DEFINED 011516 500000 DEAN WITTER COM 24240V101 9003 260000 SH DEFINED 011618 260000 DEAN WITTER COM 24240V101 520 15038 SH DEFINED 0102 15038 DEAN WITTER COM 24240V101 5540 160000 SH DEFINED 0131 160000 DEAN WITTER COM 24240V101 180 5189 SH DEFINED 0103 5189 DEAN WITTER COM 24240V101 11752 339400 SH DEFINED 01 339400 DEERE & COMPANY COM 244199105 157 2126 SH DEFINED 0103 2126 DELTA AIR LINES COM 247361108 70 1279 SH DEFINED 0103 1279 DELUXE CORPORATION COM 248019101 257 7100 SH DEFINED 0125 7100 DELUXE CORPORATION COM 248019101 36 1000 SH DEFINED 0102 1000 DELUXE CORPORATION COM 248019101 183 5065 SH DEFINED 0103 5065 DENTSPLY INTERNATL I COM 249030107 6600 150000 SH DEFINED 0124 150000 DEPARTMENT 56 COM 249509100 918 34000 SH DEFINED 011619 34000 DETROIT EDISON COM 250847100 112 3738 SH DEFINED 0103 3738 DEVELOPERS DIV COM 251591103 3656 125000 SH DEFINED 0130 125000 DEVELOPERS DIV COM 251591103 2925 100000 SH DEFINED 0107 100000 DEV BANK SINGAPORE COM 251594305 508 11250 SH DEFINED 0131 11250 DEVON ENERGY COM 251799102 2372 115000 SH DEFINED 0106 115000 DEVON ENERGY COM 251799102 5156 250000 SH DEFINED 0111 250000 DEVON ENERGY COM 251799102 4950 240000 SH DEFINED 0124 240000 DEVON ENERGY COM 251799102 1691 82000 SH DEFINED 011614 82000 DEVON ENERGY COM 251799102 5493 266300 SH DEFINED 0102 266300 DEVON ENERGY COM 251799102 3094 150000 SH DEFINED 0131 150000 DEVON ENERGY COM 251799102 435 21100 SH DEFINED 0103 21100 DEVON ENERGY COM 251799102 516 25000 SH DEFINED 01 25000 DIAL CORP ARIZONA COM 252470109 48 1181 SH DEFINED 0103 1181 DIGITAL EQUIPMENT COM 253849103 115 3344 SH DEFINED 0103 3344 DILLARD DEPT CLASS A COM 254063100 10450 275000 SH DEFINED 0108 275000 DILLARD DEPT CLASS A COM 254063100 10450 275000 SH DEFINED 0124 275000 DILLARD DEPT CLASS A COM 254063100 62872 1654405 SH DEFINED 0102 734300 920105 DILLARD DEPT CLASS A COM 254063100 2141 56353 SH DEFINED 0103 53500 2853 DILLARD DEPT CLASS A COM 254063100 3800 100000 SH DEFINED 01 100000 DISNEY WALT CO COM 254687106 19181 450000 SH DEFINED 0126 450000 DISNEY WALT CO COM 254687106 21313 500000 SH DEFINED 0111 500000 DISNEY WALT CO COM 254687106 2558 60000 SH DEFINED 011622 60000 DISNEY WALT CO COM 254687106 5968 140000 SH DEFINED 011623 140000 DISNEY WALT CO COM 254687106 22378 525000 SH DEFINED 011516 525000 DISNEY WALT CO COM 254687106 10656 250000 SH DEFINED 011618 250000 DISNEY WALT CO COM 254687106 153 3600 SH DEFINED 0102 3600 DISNEY WALT CO COM 254687106 574 13478 SH DEFINED 0103 13478 DR PEPPER / SEVEN UP COM 256131301 4200 175000 SH DEFINED 0109 175000 DR PEPPER / SEVEN UP COM 256131301 972 40500 SH DEFINED 0131 40500 DOMINION RES INC VA COM 257470104 10209 225000 SH DEFINED 0132 225000 DOMINION RES INC VA COM 257470104 192 4230 SH DEFINED 0103 4230 PAGE 21 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE DONNELLEY (RR)&SONS COM 257867101 40 1300 SH DEFINED 0125 1300 DONNELLEY (RR)&SONS COM 257867101 6 200 SH DEFINED 0102 200 DONNELLEY (RR)&SONS COM 257867101 148 4733 SH DEFINED 0103 4733 DONN-KENNY COM 258006105 469 25000 SH DEFINED 011619 25000 DOVER CORP COM 260003108 59154 973724 SH DEFINED 0103 973724 DOW CHEMICAL COM 260543103 19863 350000 SH DEFINED 0130 350000 DOW CHEMICAL COM 260543103 29794 525000 SH DEFINED 0113 525000 DOW CHEMICAL COM 260543103 36888 650000 SH DEFINED 0124 650000 DOW CHEMICAL COM 260543103 755 13300 SH DEFINED 0125 13300 DOW CHEMICAL COM 260543103 5675 100000 SH DEFINED 0107 100000 DOW CHEMICAL COM 260543103 5675 100000 SH DEFINED 011618 100000 DOW CHEMICAL COM 260543103 26621 469013 SH DEFINED 0102 213000 256013 DOW CHEMICAL COM 260543103 9931 175000 SH DEFINED 0131 175000 DOW CHEMICAL COM 260543103 1923 33885 SH DEFINED 0103 11400 22485 DOW CHEMICAL COM 260543103 16067 283100 SH DEFINED 01 283100 DOW JONES & CO COM 260561105 91 2557 SH DEFINED 0103 2557 DRESSER INDUSTRIES COM 261597108 1141 55000 SH DEFINED 011620 55000 DRESSER INDUSTRIES COM 261597108 74 3543 SH DEFINED 0103 3543 DRIEFONTEIN CON ADR COM 262026404 2639 205000 SH DEFINED 0127 205000 DREYFUS MONEY MARKET COM 262904204 3 3398 SH DEFINED 01 3398 E I DUPONT COM 263534109 22919 475000 SH DEFINED 0113 475000 E I DUPONT COM 263534109 835 17315 SH DEFINED 0103 17315 DUKE POWER COMPANY COM 264399106 225 5313 SH DEFINED 0103 5313 DUKE REALTY COM 264411505 3338 150000 SH DEFINED 011618 150000 DUN & BRADSTREET CP COM 264830100 23109 375000 SH DEFINED 0113 375000 DUN & BRADSTREET CP COM 264830100 9244 150000 SH DEFINED 0131 150000 DUN & BRADSTREET CP COM 264830100 747 12125 SH DEFINED 0103 12125 DURACELL COM 26633L103 10763 300000 SH DEFINED 0111 300000 DURACELL COM 26633L103 16144 450000 SH DEFINED 0124 450000 DURACELL COM 26633L103 12556 350000 SH DEFINED 011516 350000 DURACELL COM 26633L103 7330 204255 SH DEFINED 0102 72200 132055 DURACELL COM 26633L103 1453 40500 SH DEFINED 0103 40500 DURACELL COM 26633L103 17626 491300 SH DEFINED 01 491300 ECI TELECOMMUNICATIO COM 268258100 2691 105000 SH DEFINED 0106 105000 ECI TELECOMMUNICATIO COM 268258100 2306 90000 SH DEFINED 011614 90000 ECI TELECOMMUNICATIO COM 268258100 3459 135000 SH DEFINED 0131 135000 E G & G INC COM 268457108 27 1476 SH DEFINED 0103 1476 EGSF VENTURE CAPITAL COM 268460995 24 67 SH DEFINED 0102 67 EMC CORP CONV BOND 268648AB8 2110 2000000 PRN DEFINED 0104 2000000 EMC CORP CONV BOND 268648AB8 1583 1500000 PRN DEFINED 011621 1500000 EMC CORP CONV BOND 268648AB8 528 500000 PRN DEFINED 0131 500000 E-SYSTEMS INC COM 269157301 38 886 SH DEFINED 0103 886 EUA POWER CORP 17.5 COM 269260204 0 5000 SH DEFINED 0104 5000 EUA POWER CORP 17.5 COM 269260204 0 5000 SH DEFINED 0109 5000 EASTERN ENTERPRISES COM 27637F100 15 591 SH DEFINED 0103 591 EASTMAN KODAK PUT/01 CONV BOND 277461BA6 3197 9800000 PRN DEFINED 0129 9800000 EASTMAN KODAK PUT/01 CONV BOND 277461BA6 4568 14000000 PRN DEFINED 0104 14000000 EASTMAN KODAK PUT/01 CONV BOND 277461BA6 2512 7700000 PRN DEFINED 011621 7700000 EASTMAN KODAK PUT/01 CONV BOND 277461BA6 1142 3500000 PRN DEFINED 0131 3500000 EASTMAN KODAK COM 277461109 11200 200000 SH DEFINED 0130 200000 PAGE 22 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE EASTMAN KODAK COM 277461109 5600 100000 SH DEFINED 0126 100000 EASTMAN KODAK COM 277461109 7280 130000 SH DEFINED 011618 130000 EASTMAN KODAK COM 277461109 19772 353070 SH DEFINED 0102 89100 263970 EASTMAN KODAK COM 277461109 922 16461 SH DEFINED 0103 8100 8361 EASTMAN KODAK COM 277461109 2408 43000 SH DEFINED 01 43000 EATON CORP COM 278058102 37875 750000 SH DEFINED 0126 750000 EATON CORP COM 278058102 4040 80000 SH DEFINED 011622 80000 EATON CORP COM 278058102 8888 176000 SH DEFINED 011623 176000 EATON CORP COM 278058102 63635 1259996 SH DEFINED 0102 495300 764696 EATON CORP COM 278058102 10100 200000 SH DEFINED 0131 200000 EATON CORP COM 278058102 1878 37170 SH DEFINED 0103 28400 8770 EATON CORP COM 278058102 2879 57000 SH DEFINED 01 57000 ECHLIN INC COM 278749106 49 1475 SH DEFINED 0103 1475 ECHO BAY MINES LTD COM 278751102 322 25000 SH DEFINED 0127 25000 ECHO BAY MINES LTD COM 278751102 34 2653 SH DEFINED 0103 2653 ECOLAB, INC. COM 278865100 40 887 SH DEFINED 0103 887 ELAN CORP PLC ADR COM 284131208 8924 210600 SH DEFINED 0102 210600 ELAN CORP PLC ADR COM 284131208 199 4700 SH DEFINED 0103 4700 ELECTRONIC ARTS INC COM 285512109 10500 350000 SH DEFINED 0126 350000 ELECTRONIC ARTS INC COM 285512109 3150 105000 SH DEFINED 0106 105000 ELECTRONIC ARTS INC COM 285512109 3000 100000 SH DEFINED 0111 100000 ELECTRONIC ARTS INC COM 285512109 630 21000 SH DEFINED 011619 21000 ELECTRONIC ARTS INC COM 285512109 2550 85000 SH DEFINED 011614 85000 ELECTRONIC ARTS INC COM 285512109 13556 451850 SH DEFINED 0102 451850 ELECTRONIC ARTS INC COM 285512109 4200 140000 SH DEFINED 0131 140000 ELECTRONIC ARTS INC COM 285512109 258 8600 SH DEFINED 0103 8600 EMERSON ELECTRIC COM 291011104 21088 350000 SH DEFINED 0113 350000 EMERSON ELECTRIC COM 291011104 21088 350000 SH DEFINED 0124 350000 EMERSON ELECTRIC COM 291011104 9158 152000 SH DEFINED 011516 152000 EMERSON ELECTRIC COM 291011104 9038 150000 SH DEFINED 011618 150000 EMERSON ELECTRIC COM 291011104 21260 352865 SH DEFINED 0102 85750 267115 EMERSON ELECTRIC COM 291011104 9038 150000 SH DEFINED 0131 150000 EMERSON ELECTRIC COM 291011104 766 12705 SH DEFINED 0103 12705 EMERSON ELECTRIC COM 291011104 60 1000 SH DEFINED 01 1000 EMPRESAS ICA S COM 292448107 5650 200000 SH DEFINED 011617 200000 EMPRESAS ICA S COM 292448107 4859 172000 SH DEFINED 01 172000 ENERGY BIO COM 29265L102 966 84000 SH DEFINED 0106 84000 ENERGY BIO COM 29265L102 690 60000 SH DEFINED 011614 60000 ENGELHARD CORP COM 292845104 61 2508 SH DEFINED 0103 2508 ENGELHARD CORP COM 292845104 488 20000 SH DEFINED 01 20000 ENHANCE FINANCIAL SV COM 293310108 2963 150000 SH DEFINED 0128 150000 ENHANCE FINANCIAL SV COM 293310108 3950 200000 SH DEFINED 0131 200000 ENRON CORP COM 293561106 18125 625000 SH DEFINED 0130 625000 ENRON CORP COM 293561106 43500 1500000 SH DEFINED 0126 1500000 ENRON CORP COM 293561106 2465 85000 SH DEFINED 0106 85000 ENRON CORP COM 293561106 11600 400000 SH DEFINED 0111 400000 ENRON CORP COM 293561106 8752 301800 SH DEFINED 0132 301800 ENRON CORP COM 293561106 11600 400000 SH DEFINED 0124 400000 ENRON CORP COM 293561106 102 3500 SH DEFINED 0125 3500 ENRON CORP COM 293561106 3770 130000 SH DEFINED 011622 130000 PAGE 23 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE ENRON CORP COM 293561106 8236 284000 SH DEFINED 011623 284000 ENRON CORP COM 293561106 2175 75000 SH DEFINED 011614 75000 ENRON CORP COM 293561106 19302 665410 SH DEFINED 0102 269300 396110 ENRON CORP COM 293561106 4060 140000 SH DEFINED 0131 140000 ENRON CORP COM 293561106 1127 38799 SH DEFINED 0103 31300 7499 ENRON CORP COM 293561106 7859 271000 SH DEFINED 01 271000 ENRON OIL & GAS CO COM 293562104 8775 225000 SH DEFINED 0108 225000 ENRON OIL & GAS CO COM 293562104 2535 65000 SH DEFINED 0106 65000 ENRON OIL & GAS CO COM 293562104 1248 32000 SH DEFINED 011622 32000 ENRON OIL & GAS CO COM 293562104 2847 73000 SH DEFINED 011623 73000 ENRON OIL & GAS CO COM 293562104 2184 56000 SH DEFINED 011614 56000 ENRON OIL & GAS CO COM 293562104 13153 337200 SH DEFINED 0102 337200 ENRON OIL & GAS CO COM 293562104 3315 85000 SH DEFINED 0131 85000 ENRON OIL & GAS CO COM 293562104 254 6500 SH DEFINED 0103 6500 ENSERCH CORP COM 293567103 29 1772 SH DEFINED 0103 1772 ENSYS COM 293598108 520 65000 SH DEFINED 0106 65000 ENSYS COM 293598108 360 45000 SH DEFINED 011614 45000 ENTERGY CORP COM 29364F105 11340 315000 SH DEFINED 0132 315000 ENTERGY CORP COM 29364F105 220 6100 SH DEFINED 0125 6100 ENTERGY CORP COM 29364F105 32 900 SH DEFINED 0102 900 ENTERGY CORP COM 29364F105 253 7026 SH DEFINED 0103 7026 ENTERPRISE OIL COM 293779302 20598 1029899 SH DEFINED 0124 1029899 ENTERPRISE OIL COM 293779302 2030 101495 SH DEFINED 0107 101495 ENTERPRISE OIL COM 293779302 7209 360464 SH DEFINED 0131 360464 ENTERPRISE OIL COM 293779302 412 20597 SH DEFINED 0103 20597 ENTERRA CORP COM 293805107 5125 250000 SH DEFINED 0108 250000 ENVIROSOURCE $100 G CONV PFD STOCK 29409K507 12768 112000 SH DEFINED 0109 112000 ENVIROSOURCE $100 G CONV PFD STOCK 29409K507 3420 30000 SH DEFINED 0131 30000 EPIC HEALTHCARE COM 29425D107 2000 500000 SH DEFINED 0109 500000 EQUITABLE COS INC COM 29444G107 48600 1800000 SH DEFINED 0126 1800000 EQUITABLE COS INC COM 29444G107 5157 191000 SH DEFINED 011622 191000 EQUITABLE COS INC COM 29444G107 11394 422000 SH DEFINED 011623 422000 EQUITABLE COS INC COM 29444G107 2 77 SH DEFINED 0102 77 EQUITABLE CO 144A 50 CONV PFD STOCK 29444G305 17222 275000 SH DEFINED 0130 275000 EQUITABLE CO 144A 50 CONV PFD STOCK 29444G305 16909 270000 SH DEFINED 0124 270000 EQUITABLE CO 144A 50 CONV PFD STOCK 29444G305 5636 90000 SH DEFINED 0107 90000 EQUITABLE OF IOWA CO COM 294510300 1355 40000 SH DEFINED 0106 40000 EQUITABLE OF IOWA CO COM 294510300 1016 30000 SH DEFINED 011614 30000 EQUITABLE OF IOWA CO COM 294510300 1694 50000 SH DEFINED 0131 50000 EQUITABLE RESOURCES COM 294549100 7325 200000 SH DEFINED 0108 200000 EQUITABLE RESOURCES COM 294549100 12819 350000 SH DEFINED 0132 350000 EQUITABLE RESOURCES COM 294549100 9156 250000 SH DEFINED 0124 250000 EQUITABLE RESOURCES COM 294549100 2930 80000 SH DEFINED 011618 80000 EQUITABLE RESOURCES COM 294549100 6328 172805 SH DEFINED 0102 55700 117105 EQUITABLE RESOURCES COM 294549100 6446 176000 SH DEFINED 01 176000 EQUITY RESIDENTIAL COM 29476L107 3188 100000 SH DEFINED 0107 100000 ERICSSON LM 'B' ADR COM 294821400 20188 500000 SH DEFINED 0126 500000 ERICSSON LM 'B' ADR COM 294821400 20188 500000 SH DEFINED 0111 500000 ERICSSON LM 'B' ADR COM 294821400 1437 35600 SH DEFINED 0110 35600 ERICSSON LM 'B' ADR COM 294821400 2544 63000 SH DEFINED 011622 63000 PAGE 24 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE ERICSSON LM 'B' ADR COM 294821400 5572 138000 SH DEFINED 011623 138000 ERICSSON LM 'B' ADR COM 294821400 7268 180000 SH DEFINED 011618 180000 ERICSSON LM 'B' ADR COM 294821400 120 3000 SH DEFINED 0102 3000 ERICSSON LM ADR'S COM 294821509 4043 2640000 SH DEFINED 0130 2640000 ERICSSON LM ADR'S COM 294821509 5792 3782609 SH DEFINED 0132 3782609 ERICSSON LM ADR'S COM 294821509 14181 9260870 SH DEFINED 0124 9260870 ETHYL CORP COM 297659104 53 3050 SH DEFINED 0103 3050 EXCEL REAL TRUST COM 30067R107 1219 66800 SH DEFINED 0107 66800 EXPRESS SCRIPT COM 302182100 7050 150000 SH DEFINED 011516 150000 EXPRESS SCRIPT COM 302182100 1175 25000 SH DEFINED 011619 25000 EXXON COM 302290101 1990 31594 SH DEFINED 0103 31594 FMC CORP COM 302491303 42 885 SH DEFINED 0103 885 FPL GROUP INC. COM 302571104 7238 185000 SH DEFINED 0132 185000 FPL GROUP INC. COM 302571104 181 4623 SH DEFINED 0103 4623 FARLEY INC NEW COM 307617928 0 1 SH DEFINED 0109 1 FASTENAL CO COM 311900104 8525 275000 SH DEFINED 011516 275000 FASTENAL CO COM 311900104 2170 70000 SH DEFINED 011619 70000 FASTENAL CO COM 311900104 1550 50004 SH DEFINED 0102 50004 FASTENAL CO COM 311900104 1011 32600 SH DEFINED 0103 32600 FASTENAL CO COM 311900104 2449 79000 SH DEFINED 01 79000 FEDDERS USA INC. COM 313135105 3 492 SH DEFINED 0103 492 FEDERAL EXPRESS COM 313309106 28350 400000 SH DEFINED 0126 400000 FEDERAL EXPRESS COM 313309106 98 1377 SH DEFINED 0103 1377 FED HOME LOAN MTG CP COM 313400301 42893 860000 SH DEFINED 011516 860000 FED HOME LOAN MTG CP COM 313400301 273 5480 SH DEFINED 0103 5480 FEDERAL NATL MTGE COM 313586109 133450 1700000 SH DEFINED 0126 1700000 FEDERAL NATL MTGE COM 313586109 23550 300000 SH DEFINED 0124 300000 FEDERAL NATL MTGE COM 313586109 3996 50900 SH DEFINED 0125 50900 FEDERAL NATL MTGE COM 313586109 6280 80000 SH DEFINED 011622 80000 FEDERAL NATL MTGE COM 313586109 13738 175000 SH DEFINED 011623 175000 FEDERAL NATL MTGE COM 313586109 45138 575000 SH DEFINED 011516 575000 FEDERAL NATL MTGE COM 313586109 15700 200000 SH DEFINED 011618 200000 FEDERAL NATL MTGE COM 313586109 133709 1703210 SH DEFINED 0102 638100 1065110 FEDERAL NATL MTGE COM 313586109 6426 81855 SH DEFINED 0103 52900 28955 FEDERAL NATL MTGE COM 313586109 14130 180000 SH DEFINED 01 180000 FEDERAL PAPER BOARD COM 313693103 23 1082 SH DEFINED 0103 1082 FEDERAL REALTY INVS COM 313747206 68 2700 SH DEFINED 0102 2700 FEDERATED DPT STORES COM 31410J107 7263 350000 SH DEFINED 0124 350000 FEDERATED DPT STORES COM 31410J107 189 9098 SH DEFINED 0116 9098 FEDERATED DPT STORES WARRANT 31410J115 301 72890 SH DEFINED 0109 72890 FEDERATED DPT STORES WARRANT 31410J115 25 6000 SH DEFINED 011621 6000 FEDERATED DPT STORES COM 31410J206 59 2873 SH DEFINED 0116 2873 FERRO CORP COM 315405100 125 3900 SH DEFINED 0102 3900 FERRO CORP COM 315405100 1664 52000 SH DEFINED 0103 52000 FIDELITY MAGELLAN FD COM 316184100 3 49 SH DEFINED 01 49 FIFTH THIRD BANCORP COM 316773100 31 600 SH DEFINED 0102 600 AMER CENTURION LIFE COM 3181819C0 9738 100000 SH DEFINED 0116 100000 FIRST OF AMERICA BAN COM 318906104 18389 468500 SH DEFINED 0113 468500 FIRST OF AMERICA BAN COM 318906104 3925 100000 SH DEFINED 0124 100000 FIRST OF AMERICA BAN COM 318906104 7850 200000 SH DEFINED 0131 200000 PAGE 25 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE FIRST BANK SYSTEM COM 319279105 13838 450000 SH DEFINED 0113 450000 FIRST BANK SYSTEM COM 319279105 93 3000 SH DEFINED 0102 3000 FIRST BANK SYSTEM$50 CONV PFD STOCK 319279501 3163 50000 SH DEFINED 0107 50000 FIRST CHICAGO CORP. COM 319455101 17300 400000 SH DEFINED 0130 400000 FIRST CHICAGO CORP. COM 319455101 21625 500000 SH DEFINED 0111 500000 FIRST CHICAGO CORP. COM 319455101 2971 68700 SH DEFINED 0125 68700 FIRST CHICAGO CORP. COM 319455101 4974 115000 SH DEFINED 011622 115000 FIRST CHICAGO CORP. COM 319455101 11063 255800 SH DEFINED 011623 255800 FIRST CHICAGO CORP. COM 319455101 10813 250000 SH DEFINED 011618 250000 FIRST CHICAGO CORP. COM 319455101 1081 25000 SH DEFINED 011620 25000 FIRST CHICAGO CORP. COM 319455101 78899 1824287 SH DEFINED 0102 686100 1138187 FIRST CHICAGO CORP. COM 319455101 6920 160000 SH DEFINED 0131 160000 FIRST CHICAGO CORP. COM 319455101 5005 115715 SH DEFINED 0103 77650 38065 FIRST CHICAGO CORP. COM 319455101 2945 68100 SH DEFINED 01 68100 FIRST CHICAGO SRV 50 CONV PFD STOCK 319455861 16738 325000 SH DEFINED 0130 325000 FIRST CHICAGO SRV 50 CONV PFD STOCK 319455861 3090 60000 SH DEFINED 0129 60000 FIRST CHICAGO SRV 50 CONV PFD STOCK 319455861 3863 75000 SH DEFINED 0104 75000 FIRST CHICAGO SRV 50 CONV PFD STOCK 319455861 2575 50000 SH DEFINED 0109 50000 FIRST CHICAGO SRV 50 CONV PFD STOCK 319455861 3863 75000 SH DEFINED 0107 75000 FIRST CHICAGO SRV 50 CONV PFD STOCK 319455861 2189 42500 SH DEFINED 011621 42500 FIRST CHICAGO SRV 50 CONV PFD STOCK 319455861 1288 25000 SH DEFINED 0131 25000 FIRST CHICAGO SRV 50 CONV PFD STOCK 319455861 4635 90000 SH DEFINED 01 90000 FIRST FIDELITY BANCP COM 320195100 228 5000 SH DEFINED 0125 5000 FIRST FIDELITY BANCP COM 320195100 32 700 SH DEFINED 0102 700 FIRST FIDELITY BANCP COM 320195100 181 3969 SH DEFINED 0103 3969 FIRST FINANCIAL MGMT COM 320245103 68100 1200000 SH DEFINED 0126 1200000 FIRST FINANCIAL MGMT COM 320245103 9648 170000 SH DEFINED 0106 170000 FIRST FINANCIAL MGMT COM 320245103 28375 500000 SH DEFINED 0111 500000 FIRST FINANCIAL MGMT COM 320245103 6810 120000 SH DEFINED 011622 120000 FIRST FINANCIAL MGMT COM 320245103 14982 264000 SH DEFINED 011623 264000 FIRST FINANCIAL MGMT COM 320245103 14188 250000 SH DEFINED 011618 250000 FIRST FINANCIAL MGMT COM 320245103 7094 125000 SH DEFINED 011614 125000 FIRST FINANCIAL MGMT COM 320245103 209 3700 SH DEFINED 0102 3700 FIRST FINANCIAL MGMT COM 320245103 12769 225000 SH DEFINED 0131 225000 FIRST INTERSTATE BAN COM 320548100 126 1968 SH DEFINED 0103 1968 FIRST MISS CORP COM 320891104 6 492 SH DEFINED 0103 492 FIRST TN NAT'L CORP COM 337162101 2503 65000 SH DEFINED 0128 65000 FIRST UNION CORP COM 337358105 359 8700 SH DEFINED 0125 8700 FIRST UNION CORP COM 337358105 61 1477 SH DEFINED 0102 1477 FIRST UNION CORP COM 337358105 314 7633 SH DEFINED 0103 7633 FIRST UNION RE EQ & COM 337400105 2016 209500 SH DEFINED 0128 209500 FIRST UNION RE EQ & COM 337400105 2619 272100 SH DEFINED 0107 272100 FIRST UNION RE EQ & COM 337400105 1621 168400 SH DEFINED 0131 168400 FIRST UNION RE EQ & COM 337400105 73 7600 SH DEFINED 0103 7600 FIRST USA INC COM 33743H105 265 7400 SH DEFINED 0102 7400 FISERV INC COM 337738108 19250 1000000 SH DEFINED 011516 1000000 FISHER PRICE COM 337886105 11550 300000 SH DEFINED 011516 300000 FLAIR CORP COM 33848P101 513 25000 SH DEFINED 011516 25000 FLAIR CORP COM 33848P101 656 32000 SH DEFINED 011619 32000 FLAIR CORP COM 33848P101 644 31400 SH DEFINED 011620 31400 PAGE 26 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE FLAT TOP NATL BK COM 338693104 1 84 SH DEFINED 0102 84 FLEET FINANCIAL GRP COM 338915101 421 12600 SH DEFINED 0125 12600 FLEET FINANCIAL GRP COM 338915101 57 1700 SH DEFINED 0102 1700 FLEET FINANCIAL GRP COM 338915101 288 8643 SH DEFINED 0103 8643 FLEETWOOD ENTERPRISE COM 339099103 28 1180 SH DEFINED 0103 1180 FLEMING CO COM 339130106 22 885 SH DEFINED 0103 885 FLUOR CORP COM 343861100 88 2166 SH DEFINED 0103 2166 FOODMAKER INC WARRANT 344839113 133 5000 SH DEFINED 0104 5000 FOODMAKER INC WARRANT 344839113 186 7000 SH DEFINED 0109 7000 FORD HOLDINGS FRAP I PREFERRED STOCK 345277750 2180 20000 SH DEFINED 01 20000 FORD HOLDINGS FRAP I PREFERRED STOCK 345277750 2834 26000 SH DEFINED 01 26000 FORD MOTOR COM 345370100 432 6700 SH DEFINED 0125 6700 FORD MOTOR COM 345370100 87957 1363619 SH DEFINED 0102 514600 849019 FORD MOTOR COM 345370100 4291 66542 SH DEFINED 0103 51150 15392 FORD MOTOR COM 345370100 2903 45000 SH DEFINED 01 45000 FORD MOTOR CO $50 CONV PFD STOCK 345370209 21700 200000 SH DEFINED 0130 200000 FOREST LABS COM 345838106 6429 135000 SH DEFINED 0106 135000 FOREST LABS COM 345838106 22860 480000 SH DEFINED 011516 480000 FOREST LABS COM 345838106 5477 115000 SH DEFINED 011614 115000 FOREST LABS COM 345838106 13395 281250 SH DEFINED 0102 281250 FOREST LABS COM 345838106 8096 170000 SH DEFINED 0131 170000 FOREST LABS COM 345838106 1105 23200 SH DEFINED 0103 23200 FOSTER WHEELER COM 350244109 11205 334400 SH DEFINED 0102 126700 207700 FOSTER WHEELER COM 350244109 1548 46185 SH DEFINED 0103 45300 885 FOSTER WHEELER COM 350244109 3216 96000 SH DEFINED 01 96000 FOUNDATION HEALTH CO COM 350401105 7750 250000 SH DEFINED 0130 250000 FOUNDATION HEALTH CO COM 350401105 5704 184000 SH DEFINED 011516 184000 FOUNDATION HEALTH CO COM 350401105 4185 135000 SH DEFINED 011618 135000 FOUNDATION HEALTH CO COM 350401105 1085 35000 SH DEFINED 011620 35000 FOUNDATION HEALTH CO COM 350401105 56 1800 SH DEFINED 0102 1800 FOUNDATION HEALTH CO COM 350401105 803 25900 SH DEFINED 0103 25900 FOUNDATION HEALTH CO COM 350401105 2542 82000 SH DEFINED 01 82000 FRANKLIN CUSTODY FD COM 353496607 0 26 SH DEFINED 01 26 FREDS INC COM 356108100 1240 80000 SH DEFINED 0128 80000 FREEPORT MCMORAN COP COM 35671D105 5625 225000 SH DEFINED 0127 225000 FREEPORT MCMORAN COP COM 35671D105 12500 500000 SH DEFINED 0131 500000 FREEPORT MCMORAN COP COM 35671D105 625 25000 SH DEFINED 0103 25000 FREEPORT MCMORAN $25 CONV PFD STOCK 35671D303 3100 100000 SH DEFINED 0107 100000 FREEPORT MCMORAN INC COM 356714105 14897 754300 SH DEFINED 0113 754300 FREEPORT MCMORAN INC COM 356714105 2469 125000 SH DEFINED 0107 125000 FREEPORT MCMORAN INC COM 356714105 7335 371400 SH DEFINED 0131 371400 FREEPORT MCMORAN INC COM 356714105 326 16500 SH DEFINED 0103 16500 FRUIT OF THE LOOM A COM 359416104 1448 60000 SH DEFINED 0106 60000 FRUIT OF THE LOOM A COM 359416104 4825 200000 SH DEFINED 011618 200000 FRUIT OF THE LOOM A COM 359416104 1255 52000 SH DEFINED 011614 52000 FRUIT OF THE LOOM A COM 359416104 1930 80000 SH DEFINED 0131 80000 GATX CORP COM 361448103 22413 550000 SH DEFINED 0113 550000 GND HLDGS $100 SER A PREFERRED STOCK 361910XV9 8990 77500 SH DEFINED 0109 77500 GRC INTERNATIONAL COM 361922107 2834 384300 SH DEFINED 0128 384300 GNI GROUP COM 362022105 465 60000 SH DEFINED 011619 60000 PAGE 27 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE GTE CORP COM 362320103 4375 125000 SH DEFINED 0132 125000 GTE CORP COM 362320103 1750 50000 SH DEFINED 0107 50000 GTE CORP COM 362320103 25 700 SH DEFINED 0102 700 GTE CORP COM 362320103 844 24102 SH DEFINED 0103 24102 GANNETT CO INC COM 364730101 12595 220000 SH DEFINED 011618 220000 GANNETT CO INC COM 364730101 214 3738 SH DEFINED 0103 3738 GAP INC., THE COM 364760108 3544 90000 SH DEFINED 0106 90000 GAP INC., THE COM 364760108 7875 200000 SH DEFINED 0124 200000 GAP INC., THE COM 364760108 51 1300 SH DEFINED 0125 1300 GAP INC., THE COM 364760108 2559 65000 SH DEFINED 011614 65000 GAP INC., THE COM 364760108 8 200 SH DEFINED 0102 200 GAP INC., THE COM 364760108 4528 115000 SH DEFINED 0131 115000 GAP INC., THE COM 364760108 167 4239 SH DEFINED 0103 4239 GAP INC., THE COM 364760108 788 20000 SH DEFINED 01 20000 GAYLORD ENTERTAINMEN COM 367901105 6383 226900 SH DEFINED 0102 226900 GAYLORD ENTERTAINMEN COM 367901105 124 4400 SH DEFINED 0103 4400 GAYLORD CONTAINER CP COM 368145108 571 125162 SH DEFINED 0109 125162 GAYLORD CONTAIN WTS WARRANT 368145116 3258 883477 SH DEFINED 0109 883477 GENCARE HEALTH SYSTE COM 368674107 1041 35000 SH DEFINED 011620 35000 GENENTECH RED COM COM 368710208 9772 193500 SH DEFINED 0108 193500 GENENTECH RED COM COM 368710208 2929 58000 SH DEFINED 0106 58000 GENENTECH RED COM COM 368710208 2020 40000 SH DEFINED 011622 40000 GENENTECH RED COM COM 368710208 4545 90000 SH DEFINED 011623 90000 GENENTECH RED COM COM 368710208 21463 425000 SH DEFINED 011516 425000 GENENTECH RED COM COM 368710208 2323 46000 SH DEFINED 011614 46000 GENENTECH RED COM COM 368710208 4896 96990 SH DEFINED 0102 96990 GENENTECH RED COM COM 368710208 3788 75000 SH DEFINED 0131 75000 GENENTECH RED COM COM 368710208 76 1500 SH DEFINED 0103 1500 GEN'L ATLANTIC RES COM 369002100 359 25000 SH DEFINED 011619 25000 GEN'L ATLANTIC RES COM 369002100 1553 108000 SH DEFINED 0131 108000 GENERAL DYNAMICS COM 369550108 1208 13100 SH DEFINED 0125 13100 GENERAL DYNAMICS COM 369550108 166 1800 SH DEFINED 0102 1800 GENERAL DYNAMICS COM 369550108 562 6095 SH DEFINED 0103 6095 GENERAL DYNAMICS COM 369550108 28 300 SH DEFINED 01 300 GENERAL ELECTRIC COM 369604103 26219 250000 SH DEFINED 0130 250000 GENERAL ELECTRIC COM 369604103 12795 122000 SH DEFINED 0126 122000 GENERAL ELECTRIC COM 369604103 18353 175000 SH DEFINED 0113 175000 GENERAL ELECTRIC COM 369604103 26219 250000 SH DEFINED 0124 250000 GENERAL ELECTRIC COM 369604103 3010 28700 SH DEFINED 0125 28700 GENERAL ELECTRIC COM 369604103 20975 200000 SH DEFINED 011618 200000 GENERAL ELECTRIC COM 369604103 159663 1522455 SH DEFINED 0102 596300 926155 GENERAL ELECTRIC COM 369604103 10488 100000 SH DEFINED 0131 100000 GENERAL ELECTRIC COM 369604103 11438 109066 SH DEFINED 0103 61950 47116 GENERAL ELECTRIC COM 369604103 12690 121000 SH DEFINED 01 121000 GENERAL GROWTH COM 370021107 8600 400000 SH DEFINED 0113 400000 GENERAL INSTRUMENTS CONV BOND 370121AA3 1330 1000000 PRN DEFINED 0107 1000000 GENERAL INSTRUMENTS CONV BOND 370121AA3 7980 6000000 PRN DEFINED 011618 6000000 GENERAL INSTRUMENT C COM 370121105 1291 23000 SH DEFINED 011622 23000 GENERAL INSTRUMENT C COM 370121105 2919 52000 SH DEFINED 011623 52000 GENERAL INSTRUMENT C COM 370121105 73 1300 SH DEFINED 0102 1300 PAGE 28 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE GENERAL MILLS COM 370334104 248 4083 SH DEFINED 0103 4083 GENERAL MOTORS COM 370442105 43900 800000 SH DEFINED 0126 800000 GENERAL MOTORS COM 370442105 1372 25000 SH DEFINED 0125 25000 GENERAL MOTORS COM 370442105 4116 75000 SH DEFINED 0107 75000 GENERAL MOTORS COM 370442105 5488 100000 SH DEFINED 011618 100000 GENERAL MOTORS COM 370442105 114366 2084000 SH DEFINED 0102 777200 1306800 GENERAL MOTORS COM 370442105 10975 200000 SH DEFINED 0131 200000 GENERAL MOTORS COM 370442105 7007 127701 SH DEFINED 0103 89400 38301 GENERAL MOTORS COM 370442105 4115 75000 SH DEFINED 01 75000 GENERAL MOTORS CL H COM 370442501 23325 600000 SH DEFINED 0130 600000 GENERAL MOTORS CL H COM 370442501 10691 275000 SH DEFINED 0108 275000 GENERAL MOTORS CL H COM 370442501 3888 100000 SH DEFINED 0107 100000 GENERAL MOTORS CL H COM 370442501 15550 400000 SH DEFINED 011618 400000 GENERAL MOTORS CL H COM 370442501 56368 1449935 SH DEFINED 0102 668400 781535 GENERAL MOTORS CL H COM 370442501 3032 78000 SH DEFINED 0103 78000 GENERAL MTRS SER A CONV PFD STOCK 370442709 3162 62000 SH DEFINED 0107 62000 GENERAL MTRS SER A CONV PFD STOCK 370442709 5100 100000 SH DEFINED 011618 100000 GENERAL MTRS SER A CONV PFD STOCK 370442709 510 10000 SH DEFINED 01 10000 GENERAL MTRS DEP SHR CONV PFD STOCK 370442873 19163 350000 SH DEFINED 0130 350000 GENERAL NUTRITION IN COM 37047F103 2850 100000 SH DEFINED 0111 100000 GENERAL NUTRITION IN COM 37047F103 5700 200000 SH DEFINED 0124 200000 GEN PUB UTILITIES COM 370550105 21613 700000 SH DEFINED 0113 700000 GEN PUB UTILITIES COM 370550105 8799 285000 SH DEFINED 0132 285000 GENERAL RE CORP COM 370563108 73910 690773 SH DEFINED 0102 271150 419623 GENERAL RE CORP COM 370563108 3318 31014 SH DEFINED 0103 28850 2164 GENERAL SIGNAL COM 370838104 10313 300000 SH DEFINED 0130 300000 GENERAL SIGNAL COM 370838104 15469 450000 SH DEFINED 0113 450000 GENERAL SIGNAL COM 370838104 6188 180000 SH DEFINED 0124 180000 GENERAL SIGNAL COM 370838104 1031 30000 SH DEFINED 011620 30000 GENERAL SIGNAL COM 370838104 9281 270000 SH DEFINED 0131 270000 GENERAL SIGNAL COM 370838104 498 14482 SH DEFINED 0103 14482 GENERAL SIGNAL COM 370838104 5604 163000 SH DEFINED 01 163000 GTE $50 PFD PREFERRED STOCK 371028911 7281 141401 SH DEFINED 0105 141401 GTE CORP $50 PFD PREFERRED STOCK 371028945 7852 152889 SH DEFINED 0105 152889 GENESCO INC. COM 371532102 3 590 SH DEFINED 0103 590 GENTEX CORP COM 371901109 3173 90000 SH DEFINED 0106 90000 GENTEX CORP COM 371901109 2115 60000 SH DEFINED 011614 60000 GENTEX CORP COM 371901109 22542 639500 SH DEFINED 0102 639500 GENTEX CORP COM 371901109 370 10500 SH DEFINED 0103 10500 GENESIS HLTH VENTURE CONV BOND 371912AB2 2400 2000000 PRN DEFINED 0104 2000000 GENESIS HLTH VENTURE CONV BOND 371912AB2 1200 1000000 PRN DEFINED 011621 1000000 GENESIS HLTH VENTURE CONV BOND 371912AB2 600 500000 PRN DEFINED 0131 500000 GENSIA PHARMACEUTICS COM 372450106 2772 112000 SH DEFINED 0106 112000 GENSIA PHARMACEUTICS COM 372450106 1733 70000 SH DEFINED 011614 70000 GENSIA PHARMACEUTICS COM 372450106 4084 165000 SH DEFINED 0131 165000 GENSIA PHARM 144A 50 CONV PFD STOCK 372450205 1075 20000 SH DEFINED 0107 20000 GENSIA PHARM 144A 50 CONV PFD STOCK 372450205 3225 60000 SH DEFINED 0131 60000 GENUINE PARTS COM 372460105 18813 500000 SH DEFINED 0113 500000 GENUINE PARTS COM 372460105 118 3148 SH DEFINED 0103 3148 GENZYME CORP COM 372917104 1375 50000 SH DEFINED 0128 50000 PAGE 29 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE GENZYME CORP COM 372917104 5500 200000 SH DEFINED 0124 200000 GENZYME CORP COM 372917104 1100 40000 SH DEFINED 011620 40000 GENZYME CORP COM 372917104 4813 175000 SH DEFINED 0131 175000 GENZYME CORP COM 372917104 220 8000 SH DEFINED 0103 8000 GENZYME CORP COM 372917104 2640 96000 SH DEFINED 01 96000 GEORGIA PACIFIC COM 373298108 515 7500 SH DEFINED 0102 7500 GEORGIA PACIFIC COM 373298108 156 2263 SH DEFINED 0103 2263 GERBER PRODUCTS COM 373712108 56 1975 SH DEFINED 0103 1975 GIANT FOOD CL A COM 374478105 41 1575 SH DEFINED 0103 1575 GILBRALTER STEEL COM 37476F103 870 60000 SH DEFINED 011619 60000 GIBSON GREETINGS INC COM 374827103 6338 300000 SH DEFINED 0128 300000 GIBSON GREETINGS INC COM 374827103 4225 200000 SH DEFINED 0131 200000 GIBSON GREETINGS INC COM 374827103 201 9500 SH DEFINED 0103 9500 GIDDINGS & LEWIS WIS COM 375048105 19956 775000 SH DEFINED 0130 775000 GIDDINGS & LEWIS WIS COM 375048105 9013 350000 SH DEFINED 0108 350000 GIDDINGS & LEWIS WIS COM 375048105 2189 85000 SH DEFINED 0128 85000 GIDDINGS & LEWIS WIS COM 375048105 4184 162500 SH DEFINED 011516 162500 GIDDINGS & LEWIS WIS COM 375048105 1030 40000 SH DEFINED 011620 40000 GIDDINGS & LEWIS WIS COM 375048105 777 30186 SH DEFINED 0103 29300 886 GIDDINGS & LEWIS WIS COM 375048105 4403 171000 SH DEFINED 01 171000 GILBERT RBSON PT WTS WARRANT 375432119 29 5886 SH DEFINED 0109 5886 GILLETTE CO COM 375766102 38756 650000 SH DEFINED 0126 650000 GILLETTE CO COM 375766102 20869 350000 SH DEFINED 0111 350000 GILLETTE CO COM 375766102 2504 42000 SH DEFINED 011622 42000 GILLETTE CO COM 375766102 5664 95000 SH DEFINED 011623 95000 GILLETTE CO COM 375766102 23850 400000 SH DEFINED 011516 400000 GILLETTE CO COM 375766102 15503 260000 SH DEFINED 011618 260000 GILLETTE CO COM 375766102 45130 756818 SH DEFINED 0102 291050 465768 GILLETTE CO COM 375766102 3736 62657 SH DEFINED 0103 56950 5707 GILLETTE CO COM 375766102 3578 60000 SH DEFINED 01 60000 GLATFELTER (P.H.) CO COM 377316104 3725 200000 SH DEFINED 0128 200000 GLATFELTER (P.H.) CO COM 377316104 2328 125000 SH DEFINED 0107 125000 GOLDEN WEST FIN COM 381317106 61 1573 SH DEFINED 0103 1573 GOODRICH B.F. COM 382388106 28 689 SH DEFINED 0103 689 GOODYEAR COM 382550101 22875 500000 SH DEFINED 0130 500000 GOODYEAR COM 382550101 12353 270000 SH DEFINED 0108 270000 GOODYEAR COM 382550101 27450 600000 SH DEFINED 0126 600000 GOODYEAR COM 382550101 101395 2216400 SH DEFINED 0102 859800 1356600 GOODYEAR COM 382550101 4245 92789 SH DEFINED 0103 89050 3739 GOODYEAR COM 382550101 389 8500 SH DEFINED 01 8500 W R GRACE COM 383883105 92 2262 SH DEFINED 0103 2262 GRAINGER (W.W.) COM 384802104 79 1378 SH DEFINED 0103 1378 GRAND MET PLC -ADR COM 386090302 21538 779666 SH DEFINED 0103 762871 16795 GREAT A. & P. TEA COM 390064103 27 984 SH DEFINED 0103 984 GREAT LAKES CHEM CO COM 390568103 18656 250000 SH DEFINED 0111 250000 GREAT LAKES CHEM CO COM 390568103 26119 350000 SH DEFINED 0124 350000 GREAT LAKES CHEM CO COM 390568103 2948 39500 SH DEFINED 0125 39500 GREAT LAKES CHEM CO COM 390568103 2239 30000 SH DEFINED 011622 30000 GREAT LAKES CHEM CO COM 390568103 4851 65000 SH DEFINED 011623 65000 GREAT LAKES CHEM CO COM 390568103 1747 23396 SH DEFINED 0102 23396 PAGE 30 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE GREAT LAKES CHEM CO COM 390568103 5597 75000 SH DEFINED 0131 75000 GREAT LAKES CHEM CO COM 390568103 1602 21470 SH DEFINED 0103 21470 GREAT LAKES CHEM CO COM 390568103 12343 165400 SH DEFINED 01 165400 GREAT WESTERN FIN CP COM 391442100 428 21400 SH DEFINED 0125 21400 GREAT WESTERN FIN CP COM 391442100 1524 76200 SH DEFINED 0107 76200 GREAT WESTERN FIN CP COM 391442100 60 3000 SH DEFINED 0102 3000 GREAT WESTERN FIN CP COM 391442100 2534 126700 SH DEFINED 0131 126700 GREAT WESTERN FIN CP COM 391442100 357 17845 SH DEFINED 0103 17845 GREENFIELDS COM 395058100 934 45000 SH DEFINED 011619 45000 GRUMMAN CORP COM 400181103 762 19300 SH DEFINED 0125 19300 GRUMMAN CORP COM 400181103 103 2600 SH DEFINED 0102 2600 GRUMMAN CORP COM 400181103 343 8686 SH DEFINED 0103 8686 GRUMMAN CORP COM 400181103 32 800 SH DEFINED 01 800 G-MEXICANA DE B COM 40048G104 2206 91900 SH DEFINED 0112 91900 G-MEXICANA DE B COM 40048G104 1800 75000 SH DEFINED 011618 75000 G-MEXICANA DE B COM 40048G104 2388 99500 SH DEFINED 011617 99500 G-MEXICANA DE B COM 40048G104 643 26800 SH DEFINED 0131 26800 G-MEXICANA DE B COM 40048G104 48 2000 SH DEFINED 0103 2000 G-MEXICANA DE L COM 40048G203 1847 75000 SH DEFINED 011618 75000 G-MEXICANA DE L COM 40048G203 49 2000 SH DEFINED 0103 2000 G-CASA AUTREY COM 40048P104 1219 50000 SH DEFINED 0107 50000 G-CASA AUTREY COM 40048P104 5136 210700 SH DEFINED 011516 210700 G-CARSO COM 400485108 4104 188000 SH DEFINED 0107 188000 G-BANCOMER 144A COM 400486106 1053 25000 SH DEFINED 011620 25000 G-TELEVISA 144A COM 40049J206 24500 350000 SH DEFINED 0130 350000 G-TELEVISA 144A COM 40049J206 63000 900000 SH DEFINED 0126 900000 G-TELEVISA 144A COM 40049J206 28000 400000 SH DEFINED 0111 400000 G-TELEVISA 144A COM 40049J206 28000 400000 SH DEFINED 0124 400000 G-TELEVISA 144A COM 40049J206 4200 60000 SH DEFINED 011622 60000 G-TELEVISA 144A COM 40049J206 9800 140000 SH DEFINED 011623 140000 G-TELEVISA 144A COM 40049J206 22400 320000 SH DEFINED 011618 320000 G-SIMEC COM 400491106 4241 128500 SH DEFINED 0111 128500 G-SITUR 144A COM 400492104 5800 200000 SH DEFINED 0106 200000 GUILFORD MILLS COM 401794102 3525 150000 SH DEFINED 0107 150000 GUPTA COM 403234107 883 45000 SH DEFINED 011619 45000 GYMBOREE COM 403777105 9568 215000 SH DEFINED 011516 215000 HBO COMPANY COM 404100109 16100 350000 SH DEFINED 0106 350000 HBO COMPANY COM 404100109 23000 500000 SH DEFINED 011516 500000 HBO COMPANY COM 404100109 11500 250000 SH DEFINED 011614 250000 HBO COMPANY COM 404100109 36734 798539 SH DEFINED 0102 798539 HBO COMPANY COM 404100109 708 15400 SH DEFINED 0103 15400 HCC INSURANCE COM 404132102 9150 300000 SH DEFINED 011516 300000 HS RESOURCES COM 404297103 2205 105000 SH DEFINED 0106 105000 HS RESOURCES COM 404297103 6300 300000 SH DEFINED 0124 300000 HS RESOURCES COM 404297103 1050 50000 SH DEFINED 011619 50000 HS RESOURCES COM 404297103 1617 77000 SH DEFINED 011614 77000 HS RESOURCES COM 404297103 3003 143000 SH DEFINED 0131 143000 HS RESOURCES COM 404297103 2237 106500 SH DEFINED 01 106500 ALEX HAAGAN COM 40443E100 2929 165000 SH DEFINED 0132 165000 ALEX HAAGAN COM 40443E100 2485 140000 SH DEFINED 0107 140000 PAGE 31 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE ALEX HAAGAN COM 40443E100 3905 220000 SH DEFINED 0131 220000 ALEX HAAGAN COM 40443E100 195 11000 SH DEFINED 0103 11000 HAEMONETICS CORP COM 405024100 6105 220000 SH DEFINED 0106 220000 HAEMONETICS CORP COM 405024100 749 27000 SH DEFINED 011619 27000 HAEMONETICS CORP COM 405024100 4579 165000 SH DEFINED 011614 165000 HAEMONETICS CORP COM 405024100 17831 642500 SH DEFINED 0102 642500 HAEMONETICS CORP COM 405024100 6938 250000 SH DEFINED 0131 250000 HAEMONETICS CORP COM 405024100 347 12500 SH DEFINED 0103 12500 HAGGAR COM 405173105 5100 200000 SH DEFINED 0124 200000 HALLIBURTON COM 406216101 91 2851 SH DEFINED 0103 2851 HANDLEMAN COMPANY COM 410252100 12 886 SH DEFINED 0103 886 HANNA MA CO. COM 410522106 6525 200000 SH DEFINED 0108 200000 HANSON PLC ADR COM 411352305 20000 1000000 SH DEFINED 0130 1000000 HANSON PLC ADR COM 411352305 26000 1300000 SH DEFINED 0113 1300000 HANSON PLC ADR COM 411352305 6000 300000 SH DEFINED 0107 300000 HANSON PLC ADR COM 411352305 7000 350000 SH DEFINED 011618 350000 HANSON PLC ADR COM 411352305 10500 525000 SH DEFINED 0131 525000 HANSON PLC ADR COM 411352305 532 26600 SH DEFINED 0103 26600 HANSON PLC ADR COM 411352305 23860 1193000 SH DEFINED 01 1193000 HARCOURT GENERAL CRP COM 41163G101 10875 300000 SH DEFINED 0108 300000 HARCOURT GENERAL CRP COM 41163G101 71 1968 SH DEFINED 0103 1968 HARLAND JOHN H COM 412693103 19 886 SH DEFINED 0103 886 HARMAN INTERNATIONAL COM 413086109 934 32500 SH DEFINED 0103 32500 HARNISCHFEGER IND COM 413345109 16 689 SH DEFINED 0103 689 HARRIS CORP COM 413875105 6825 150000 SH DEFINED 0131 150000 HARRIS CORP COM 413875105 390 8583 SH DEFINED 0103 8583 HARTEBEEST ADR COM 416198406 1484 265000 SH DEFINED 0127 265000 HARTMARX CORP COM 417119104 2699 385630 SH DEFINED 0103 385630 HASBRO INC COM 418056107 82 2263 SH DEFINED 0103 2263 HAT BRANDS WTS8/2002 WARRANT 418730XY8 1039 30108 SH DEFINED 0109 30108 HAWAII ELEC $100 PREFERRED STOCK 419990197 2134 20000 SH DEFINED 0105 20000 MAUI ELEC $100 PREFERRED STOCK 419990205 2667 25000 SH DEFINED 0105 25000 HAYES WHEELS COM 420804106 6125 200000 SH DEFINED 0124 200000 HAYES WHEELS COM 420804106 1225 40000 SH DEFINED 011620 40000 HAYES WHEELS COM 420804106 55 1800 SH DEFINED 0102 1800 HAYES WHEELS COM 420804106 714 23300 SH DEFINED 0103 23300 HAYES WHEELS COM 420804106 2870 93700 SH DEFINED 01 93700 HEALTHSOUTH REHABILI COM 421924101 3737 148000 SH DEFINED 0128 148000 HEALTHSOUTH REHABILI COM 421924101 12625 500000 SH DEFINED 0111 500000 HEALTHSOUTH REHABILI COM 421924101 1515 60000 SH DEFINED 011622 60000 HEALTHSOUTH REHABILI COM 421924101 3409 135000 SH DEFINED 011623 135000 HEALTHSOUTH REHABILI COM 421924101 4416 174900 SH DEFINED 011516 174900 HEALTHSOUTH REHABILI COM 421924101 3659 144900 SH DEFINED 0131 144900 HEALTHSOUTH REHABILI COM 421924101 179 7100 SH DEFINED 0103 7100 HEALTH EQUITY PROP COM 42217R101 4465 470000 SH DEFINED 0132 470000 HEALTH EQUITY PROP COM 42217R101 1530 161000 SH DEFINED 01 161000 HEART TECHNOLOGY COM 42233W100 2924 131400 SH DEFINED 0106 131400 HEART TECHNOLOGY COM 42233W100 890 40000 SH DEFINED 011619 40000 HEART TECHNOLOGY COM 42233W100 2448 110000 SH DEFINED 011614 110000 HEART TECHNOLOGY COM 42233W100 9311 418400 SH DEFINED 0102 418400 PAGE 32 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE HEART TECHNOLOGY COM 42233W100 3560 160000 SH DEFINED 0131 160000 HEART TECHNOLOGY COM 42233W100 176 7900 SH DEFINED 0103 7900 HEILIG MEYERS CO COM 422893107 59 1500 SH DEFINED 0102 1500 HEILIG MEYERS CO COM 422893107 823 21100 SH DEFINED 0103 21100 HEINZ H.J. COM 423074103 236 6592 SH DEFINED 0103 6592 HELMERICH & PAYNE COM 423452101 19 690 SH DEFINED 0103 690 HERBALIFE INTERNATIO COM 426908109 4439 250100 SH DEFINED 0107 250100 HERCULES INC COM 427056106 122 1082 SH DEFINED 0103 1082 HERSHEY FOODS COM 427866108 116 2362 SH DEFINED 0103 2362 HEWLETT PACKARD COM 428236103 16 200 SH DEFINED 0102 200 HEWLETT PACKARD COM 428236103 505 6393 SH DEFINED 0103 6393 HILTON HOTELS COM 432848109 78 1280 SH DEFINED 0103 1280 HOLLY RESIDTL CORP COM 436023105 2000 100000 SH DEFINED 0130 100000 HOLLY RESIDTL CORP COM 436023105 3000 150000 SH DEFINED 0132 150000 HOLLY RESIDTL CORP COM 436023105 2900 145000 SH DEFINED 0107 145000 HOLLY RESIDTL CORP COM 436023105 1000 50000 SH DEFINED 011618 50000 HOLLY RESIDTL CORP COM 436023105 2000 100000 SH DEFINED 0131 100000 HOLLY RESIDTL CORP COM 436023105 76 3800 SH DEFINED 0103 3800 HOME DEPOT CONV BOND 437076AD4 12 10000 PRN DEFINED 0102 10000 HOME DEPOT INC COM 437076102 39500 1000000 SH DEFINED 0126 1000000 HOME DEPOT INC COM 437076102 23700 600000 SH DEFINED 0111 600000 HOME DEPOT INC COM 437076102 4938 125000 SH DEFINED 011622 125000 HOME DEPOT INC COM 437076102 11060 280000 SH DEFINED 011623 280000 HOME DEPOT INC COM 437076102 3950 100000 SH DEFINED 011618 100000 HOME DEPOT INC COM 437076102 117254 2968258 SH DEFINED 0102 1116701 1851557 HOME DEPOT INC COM 437076102 5925 150000 SH DEFINED 0131 150000 HOME DEPOT INC COM 437076102 5691 144062 SH DEFINED 0103 132650 11412 HOME DEPOT INC COM 437076102 5596 141665 SH DEFINED 01 141665 HOME SHOPPING NETWRK COM 437351109 1264 85000 SH DEFINED 0106 85000 HOME SHOPPING NETWRK COM 437351109 1488 100000 SH DEFINED 0107 100000 HOME SHOPPING NETWRK COM 437351109 6619 445000 SH DEFINED 011516 445000 HOME SHOPPING NETWRK COM 437351109 2975 200000 SH DEFINED 011618 200000 HOME SHOPPING NETWRK COM 437351109 744 50000 SH DEFINED 011619 50000 HOME SHOPPING NETWRK COM 437351109 1041 70000 SH DEFINED 011614 70000 HOME SHOPPING NETWRK COM 437351109 4439 298500 SH DEFINED 0102 298500 HOME SHOPPING NETWRK COM 437351109 1636 110000 SH DEFINED 0131 110000 HOME SHOPPING NETWRK COM 437351109 52 3500 SH DEFINED 0103 3500 HOMESTAKE MINING COM 437614100 220 10000 SH DEFINED 0127 10000 HOMESTAKE MINING COM 437614100 282 12800 SH DEFINED 0102 12800 HOMESTAKE MINING COM 437614100 78 3542 SH DEFINED 0103 3542 HOMESTEAD SAVINGS WARRANT 437843204 0 42500 SH DEFINED 0109 42500 HONEYWELL COM 438506107 121 3542 SH DEFINED 0103 3542 HORACE MANN EDUCATOR COM 440327104 8000 320000 SH DEFINED 011516 320000 HORIZON OUTLET COM 44043K102 2300 100000 SH DEFINED 0107 100000 HORIZON OUTLET COM 44043K102 1582 68800 SH DEFINED 011618 68800 HORMEL COM 440452100 4425 200000 SH DEFINED 0128 200000 HORMEL COM 440452100 9403 425000 SH DEFINED 0131 425000 HORMEL COM 440452100 454 20500 SH DEFINED 0103 20500 HOUGHTON MIFFLIN CO COM 441560109 9725 200000 SH DEFINED 0108 200000 HOUGHTON MIFFLIN CO COM 441560109 14588 300000 SH DEFINED 011516 300000 PAGE 33 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE HOUSEHOLD INTL COM 441815107 5230 160300 SH DEFINED 0113 160300 HOUSEHOLD INTL COM 441815107 1602 49100 SH DEFINED 0125 49100 HOUSEHOLD INTL COM 441815107 28267 866445 SH DEFINED 0102 284200 582245 HOUSEHOLD INTL COM 441815107 6525 200000 SH DEFINED 0131 200000 HOUSEHOLD INTL COM 441815107 2426 74344 SH DEFINED 0103 41500 32844 HOUSEHOLD INTL COM 441815107 85 2600 SH DEFINED 01 2600 HOUSTON INDUSTRIES COM 442161105 159 3345 SH DEFINED 0103 3345 HUMANA COM 444859102 6609 375000 SH DEFINED 0130 375000 HUMANA COM 444859102 8813 500000 SH DEFINED 011516 500000 HUMANA COM 444859102 4406 250000 SH DEFINED 011618 250000 IDB COMMUNICATIONS CONV BOND 449355AB2 2330 2000000 PRN DEFINED 0107 2000000 IDB COMM COM 449355106 6875 125000 SH DEFINED 0124 125000 IDB COMM COM 449355106 1760 32000 SH DEFINED 011619 32000 IDB COMM COM 449355106 12767 232100 SH DEFINED 0102 232100 IDB COMM COM 449355106 248 4500 SH DEFINED 0103 4500 IES INDUSTRIES INC COM 44949M103 6250 200000 SH DEFINED 0132 200000 IES INDUSTRIES INC COM 44949M103 5961 190749 SH DEFINED 0103 190749 IDSTC INCOME FUND II COM 449496108 91952 6675276 SH DEFINED 0103 1331045 5344231 IMRS INC COM 449696103 798 31300 SH DEFINED 0106 31300 IMRS INC COM 449696103 536 21000 SH DEFINED 011614 21000 IMRS INC COM 449696103 923 36200 SH DEFINED 0131 36200 IRT PROPERTY CO COM 450058102 2150 200000 SH DEFINED 0107 200000 IRT PROPERTY CO COM 450058102 3118 290000 SH DEFINED 0131 290000 IRT PROPERTY CO COM 450058102 151 14000 SH DEFINED 0103 14000 I-STAT CORP COM 450312103 1312 99000 SH DEFINED 0106 99000 I-STAT CORP COM 450312103 875 66000 SH DEFINED 011614 66000 ITT CORP COM 450679105 11406 125000 SH DEFINED 0130 125000 ITT CORP COM 450679105 45625 500000 SH DEFINED 0126 500000 ITT CORP COM 450679105 9125 100000 SH DEFINED 0124 100000 ITT CORP COM 450679105 329 3600 SH DEFINED 0125 3600 ITT CORP COM 450679105 9125 100000 SH DEFINED 011516 100000 ITT CORP COM 450679105 17931 196500 SH DEFINED 011618 196500 ITT CORP COM 450679105 85727 939452 SH DEFINED 0102 359400 580052 ITT CORP COM 450679105 10038 110000 SH DEFINED 0131 110000 ITT CORP COM 450679105 2906 31850 SH DEFINED 0103 21600 10250 ITT CORP COM 450679105 21718 238000 SH DEFINED 01 238000 IVF AMERICA $10 CONV PFD STOCK 450706205 563 150000 SH DEFINED 0107 150000 IDEX CORP COM 45167R104 1073 30000 SH DEFINED 011620 30000 IDEXX LABS INC COM 45168D104 7969 250000 SH DEFINED 0106 250000 IDEXX LABS INC COM 45168D104 3825 120000 SH DEFINED 011619 120000 IDEXX LABS INC COM 45168D104 6375 200000 SH DEFINED 011614 200000 IDEXX LABS INC COM 45168D104 24335 763400 SH DEFINED 0102 763400 IDEXX LABS INC COM 45168D104 2550 80000 SH DEFINED 0131 80000 IDEXX LABS INC COM 45168D104 446 14000 SH DEFINED 0103 14000 ILLINOIS POWER COM 452092109 6195 280000 SH DEFINED 0132 280000 ILLINOIS PWR SER P PREFERRED STOCK 452092810 7266 76482 SH DEFINED 0105 76482 ILLINOIS PWR SER P PREFERRED STOCK 452092810 3023 31820 SH DEFINED 01 31820 ILLINOIS PWR SER P PREFERRED STOCK 452092810 756 7959 SH DEFINED 0116 7959 ILLINOIS PWR SER B PREFERRED STOCK 452092836 3570 70000 SH DEFINED 01 70000 ILLINOIS PWR SER B PREFERRED STOCK 452092836 2328 45650 SH DEFINED 0116 45650 PAGE 34 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE ILLINOIS PWR SER B PREFERRED STOCK 452092836 2295 45000 SH DEFINED 0116 45000 IL PWR SER A PREFERRED STOCK 452092851 2376 55250 SH DEFINED 01 55250 ILLINOIS TOOL WORKS COM 452308109 9750 250000 SH DEFINED 0108 250000 ILLINOIS TOOL WORKS COM 452308109 11700 300000 SH DEFINED 0124 300000 ILLINOIS TOOL WORKS COM 452308109 4832 123900 SH DEFINED 011516 123900 ILLINOIS TOOL WORKS COM 452308109 7800 200000 SH DEFINED 011618 200000 ILLINOIS TOOL WORKS COM 452308109 16763 429729 SH DEFINED 0102 182100 247629 ILLINOIS TOOL WORKS COM 452308109 135 3452 SH DEFINED 0103 500 2952 IMCERA GROUP COM 452454101 66 1967 SH DEFINED 0103 1967 IMPERIAL CHEM IN ADR COM 452704505 945 20000 SH DEFINED 0131 20000 IMPERIAL CHEM IN ADR COM 452704505 473 10000 SH DEFINED 0103 10000 INCO LIMITED COM 453258402 77 2854 SH DEFINED 0103 2854 INDRESCO INC COM 455905109 3872 249800 SH DEFINED 0128 249800 INFINITY BROADCASTNG COM 456626100 851 28125 SH DEFINED 011614 28125 INFINITY BROADCASTNG COM 456626100 10629 351337 SH DEFINED 0102 351337 INFINITY BROADCASTNG COM 456626100 170 5625 SH DEFINED 0103 5625 INFORMIX CORP COM 456779107 8500 400000 SH DEFINED 0130 400000 INFORMIX CORP COM 456779107 4250 200000 SH DEFINED 0108 200000 INFORMIX CORP COM 456779107 2231 105000 SH DEFINED 0106 105000 INFORMIX CORP COM 456779107 1318 62000 SH DEFINED 011622 62000 INFORMIX CORP COM 456779107 3018 142000 SH DEFINED 011623 142000 INFORMIX CORP COM 456779107 1169 55000 SH DEFINED 011619 55000 INFORMIX CORP COM 456779107 1063 50000 SH DEFINED 011620 50000 INFORMIX CORP COM 456779107 2656 125000 SH DEFINED 011614 125000 INFORMIX CORP COM 456779107 12764 600600 SH DEFINED 0102 600600 INFORMIX CORP COM 456779107 2975 140000 SH DEFINED 0131 140000 INFORMIX CORP COM 456779107 223 10500 SH DEFINED 0103 10500 INFORMIX CORP COM 456779107 3406 160300 SH DEFINED 01 160300 INGERSOLL-RAND CO COM 456866102 22950 600000 SH DEFINED 0130 600000 INGERSOLL-RAND CO COM 456866102 8243 215450 SH DEFINED 0102 80300 135150 INGERSOLL-RAND CO COM 456866102 301 7856 SH DEFINED 0103 5200 2656 INGERSOLL-RAND CO COM 456866102 1913 50000 SH DEFINED 01 50000 INFORMATION RESOURCE COM 456905108 19250 500000 SH DEFINED 0126 500000 INFORMATION RESOURCE COM 456905108 6738 175000 SH DEFINED 0106 175000 INFORMATION RESOURCE COM 456905108 1155 30000 SH DEFINED 011619 30000 INFORMATION RESOURCE COM 456905108 5775 150000 SH DEFINED 011614 150000 INFORMATION RESOURCE COM 456905108 16590 430900 SH DEFINED 0102 430900 INFORMATION RESOURCE COM 456905108 8470 220000 SH DEFINED 0131 220000 INFORMATION RESOURCE COM 456905108 323 8400 SH DEFINED 0103 8400 INLAND STEEL IND INC COM 457472108 29 885 SH DEFINED 0103 885 INSILCO CLASS B W/I COM 457659993 0 23000 SH DEFINED 0104 23000 INSILCO CLASS B W/I COM 457659993 0 52000 SH DEFINED 0109 52000 INSILCO CLASS B W/I COM 457659993 0 12000 SH DEFINED 011621 12000 INSURANCE AUTO AUCTS COM 457875102 8381 225000 SH DEFINED 011516 225000 INSURANCE AUTO AUCTS COM 457875102 1863 50000 SH DEFINED 011619 50000 INTERGRATED HLTH 144 CONV BOND 45812CAB2 3203 3000000 PRN DEFINED 0104 3000000 INTERGRATED HLTH 144 CONV BOND 45812CAB2 2135 2000000 PRN DEFINED 0109 2000000 INTERGRATED HLTH 144 CONV BOND 45812CAB2 2135 2000000 PRN DEFINED 011621 2000000 INTERGRATED HLTH 144 CONV BOND 45812CAB2 1068 1000000 PRN DEFINED 0131 1000000 INTEL COM 458140100 10850 175000 SH DEFINED 0130 175000 PAGE 35 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE INTEL COM 458140100 9300 150000 SH DEFINED 0108 150000 INTEL COM 458140100 62000 1000000 SH DEFINED 0126 1000000 INTEL COM 458140100 34100 550000 SH DEFINED 0124 550000 INTEL COM 458140100 4960 80000 SH DEFINED 011622 80000 INTEL COM 458140100 10850 175000 SH DEFINED 011623 175000 INTEL COM 458140100 24800 400000 SH DEFINED 011516 400000 INTEL COM 458140100 9920 160000 SH DEFINED 011618 160000 INTEL COM 458140100 1240 20000 SH DEFINED 011620 20000 INTEL COM 458140100 105000 1693524 SH DEFINED 0102 620400 1073124 INTEL COM 458140100 6820 110000 SH DEFINED 0131 110000 INTEL COM 458140100 5259 84822 SH DEFINED 0103 74100 10722 INTEL COM 458140100 17137 276400 SH DEFINED 01 276400 INTERCO WTS SERIES 1 WARRANT 458507118 156 51933 SH DEFINED 0109 51933 INTERGROUP HEALTHCAR COM 45868J104 960 20000 SH DEFINED 0128 20000 INTERGRAPH CORP COM 458683109 14 1280 SH DEFINED 0103 1280 INTERMAGNETICS GEN CONV BOND 458771AB8 1875 2000000 PRN DEFINED 0107 2000000 INTL BUSINESS MACH COM 459200101 11300 200000 SH DEFINED 0113 200000 INTL BUSINESS MACH COM 459200101 1130 20000 SH DEFINED 011618 20000 INTL BUSINESS MACH COM 459200101 828 14658 SH DEFINED 0103 14658 INTL BUSINESS MACH COM 459200101 7458 132000 SH DEFINED 01 132000 INTL CABLETEL INC COM 459216107 5875 250000 SH DEFINED 011516 250000 INTL CABLETEL INC COM 459216107 2350 100000 SH DEFINED 011618 100000 INTL CABLETEL INC COM 459216107 705 30000 SH DEFINED 011619 30000 INTL FAMILY ENTER COM 45950M106 4010 196800 SH DEFINED 0111 196800 INTL FLAVORS & FRAG COM 459506101 37538 330000 SH DEFINED 011516 330000 INTL FLAVORS & FRAG COM 459506101 112 984 SH DEFINED 0103 984 INTL IMAGING MAT COM 45968C108 894 45000 SH DEFINED 011619 45000 INT'L GAME TECH CONV BOND 459902AC6 3818 1000000 PRN DEFINED 0106 1000000 INTL GAME TECHNOLOGY COM 459902102 29500 1000000 SH DEFINED 0126 1000000 INTL GAME TECHNOLOGY COM 459902102 5310 180000 SH DEFINED 0106 180000 INTL GAME TECHNOLOGY COM 459902102 8850 300000 SH DEFINED 0111 300000 INTL GAME TECHNOLOGY COM 459902102 23600 800000 SH DEFINED 0124 800000 INTL GAME TECHNOLOGY COM 459902102 2655 90000 SH DEFINED 011622 90000 INTL GAME TECHNOLOGY COM 459902102 5959 202000 SH DEFINED 011623 202000 INTL GAME TECHNOLOGY COM 459902102 3540 120000 SH DEFINED 011614 120000 INTL GAME TECHNOLOGY COM 459902102 14073 476928 SH DEFINED 0102 476928 INTL GAME TECHNOLOGY COM 459902102 1770 60000 SH DEFINED 0131 60000 INTL GAME TECHNOLOGY COM 459902102 236 8000 SH DEFINED 0103 8000 INTERNATIONAL PAPER COM 460146103 630 9300 SH DEFINED 0125 9300 INTERNATIONAL PAPER COM 460146103 6775 100000 SH DEFINED 011618 100000 INTERNATIONAL PAPER COM 460146103 91623 1352360 SH DEFINED 0102 650350 702010 INTERNATIONAL PAPER COM 460146103 8469 125000 SH DEFINED 0131 125000 INTERNATIONAL PAPER COM 460146103 5676 83798 SH DEFINED 0103 71250 12548 INTERNATIONAL PAPER COM 460146103 14634 216000 SH DEFINED 01 216000 INT'L TECHNOLOGY $25 CONV PFD STOCK 460465305 1770 80000 SH DEFINED 0104 80000 INT'L TECHNOLOGY $25 CONV PFD STOCK 460465305 1106 50000 SH DEFINED 0109 50000 INT'L TECHNOLOGY $25 CONV PFD STOCK 460465305 1106 50000 SH DEFINED 011621 50000 INT'L TECHNOLOGY $25 CONV PFD STOCK 460465305 443 20000 SH DEFINED 0131 20000 INTERPOOL INC CONV BOND 46062RAA6 1519 1500000 PRN DEFINED 0104 1500000 INTERPOOL INC CONV BOND 46062RAA6 1013 1000000 PRN DEFINED 011621 1000000 PAGE 36 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE INTERPOOL INC CONV BOND 46062RAA6 506 500000 PRN DEFINED 0131 500000 INTERPORE INTER COM 46062W107 319 44000 SH DEFINED 011619 44000 INTERPORE INTER COM 46062W107 1276 176000 SH DEFINED 011614 176000 INTERPUBLIC GROUP COM 460690100 63 1968 SH DEFINED 0103 1968 INTERVOICE INC COM 461142101 1200 75000 SH DEFINED 0106 75000 INTERVOICE INC COM 461142101 1120 70000 SH DEFINED 011619 70000 INTERVOICE INC COM 461142101 1760 110000 SH DEFINED 011614 110000 IOMEGA CORP COM 462030107 769 300000 SH DEFINED 0128 300000 IOMEGA CORP COM 462030107 718 280000 SH DEFINED 011620 280000 IOWA ILLINOIS EL$100 PREFERRED STOCK 462470808 8255 73300 SH DEFINED 0105 73300 IOWA ILLINOIS EL$100 PREFERRED STOCK 462470808 3942 35000 SH DEFINED 01 35000 IOWA ILLINOIS EL$100 PREFERRED STOCK 462470808 2985 26500 SH DEFINED 0116 26500 IOWA ILLINOIS EL$100 PREFERRED STOCK 462470808 1126 10000 SH DEFINED 0116 10000 IRVINE APARTMENT COM 463606103 2681 150000 SH DEFINED 0107 150000 IWERKS ENT COM 465916104 535 20000 SH DEFINED 0106 20000 IWERKS ENT COM 465916104 535 20000 SH DEFINED 011614 20000 IWERKS ENT COM 465916104 2110 78900 SH DEFINED 0102 78900 IWERKS ENT COM 465916104 669 25000 SH DEFINED 0131 25000 IWERKS ENT COM 465916104 40 1500 SH DEFINED 0103 1500 J&L STEEL COM 466046109 5688 350000 SH DEFINED 0131 350000 J&L STEEL COM 466046109 260 16000 SH DEFINED 0103 16000 JWP INC COM 466265105 1 1159292 SH DEFINED 0103 147103 1012189 JACOBS ENGR GROUP COM 469814107 14325 600000 SH DEFINED 0126 600000 JAMES RIVER COM 470349101 42 2165 SH DEFINED 0103 2165 JAN BELL MKTG INC COM 470760109 3 366 SH DEFINED 0102 366 JEFFERSON PILOT COM 475070108 60 1279 SH DEFINED 0103 1279 JOHN ALDEN FINANCIAL COM 477838106 3240 90000 SH DEFINED 0128 90000 JOHN ALDEN FINANCIAL COM 477838106 828 23000 SH DEFINED 011619 23000 JOHN NUVEEN COM 478035108 10050 400000 SH DEFINED 0111 400000 JOHN NUVEEN COM 478035108 75 3000 SH DEFINED 0102 3000 JOHN NUVEEN COM 478035108 1130 44994 SH DEFINED 0103 44994 JOHNSON & JOHNSON COM 478160104 11188 250000 SH DEFINED 0124 250000 JOHNSON & JOHNSON COM 478160104 90 2000 SH DEFINED 0125 2000 JOHNSON & JOHNSON COM 478160104 13 300 SH DEFINED 0102 300 JOHNSON & JOHNSON COM 478160104 8279 185000 SH DEFINED 0131 185000 JOHNSON & JOHNSON COM 478160104 1191 26623 SH DEFINED 0103 26623 JOHNSON & JOHNSON COM 478160104 5952 133000 SH DEFINED 01 133000 JOHNSON CONTROLS COM 478366107 58 1083 SH DEFINED 0103 1083 JOSTENS A. INC. COM 481088102 11119 563000 SH DEFINED 0113 563000 JOSTENS A. INC. COM 481088102 23 1181 SH DEFINED 0103 1181 K-MART CORPORATION COM 482584109 26563 1250000 SH DEFINED 0113 1250000 K-MART CORPORATION COM 482584109 8500 400000 SH DEFINED 0131 400000 K-MART CORPORATION COM 482584109 636 29928 SH DEFINED 0103 29928 K-MART CVT SER A PREFERRED STOCK 482584208 2219 50000 SH DEFINED 0107 50000 K-MART CVT SER A PREFERRED STOCK 482584208 444 10000 SH DEFINED 01 10000 KN ENERGY COM 482620101 6759 262500 SH DEFINED 0132 262500 KIII COMM $100 PIK PREFERRED STOCK 482727401 8927 86878 SH DEFINED 0109 86878 KARCHER CARL ENTERPR COM 485636104 2549 239914 SH DEFINED 0103 239914 KASH & KARRY "C" COM 485773980 16 3250 SH DEFINED 0109 3250 KASH & KARRY B COM 485773998 114 1625 SH DEFINED 0109 1625 PAGE 37 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE KAUFMAN & BROAD HOME COM 486168107 117 4934 SH DEFINED 0102 4934 KAUFMAN & BROAD HOME COM 486168107 1710 71986 SH DEFINED 0103 71100 886 KELLOGG CO. COM 487836108 333 5861 SH DEFINED 0103 5861 KELLY SERVICES COM 488152208 4683 168750 SH DEFINED 0111 168750 KENDALL CORP COM 488751108 2795 60762 SH DEFINED 0103 60762 KENETECH COM 488878109 1610 80000 SH DEFINED 0106 80000 KENETECH COM 488878109 2013 100000 SH DEFINED 0111 100000 KENETECH COM 488878109 664 33000 SH DEFINED 011619 33000 KENETECH COM 488878109 1067 53000 SH DEFINED 011614 53000 KENETECH COM 488878109 2113 105000 SH DEFINED 0131 105000 KENT ELECTRONICS COM 490553104 684 24000 SH DEFINED 011619 24000 KERR MCGEE COM 492386107 58 1279 SH DEFINED 0103 1279 KEYSTONE INTL INC COM 493503106 82 3000 SH DEFINED 0102 3000 KEYSTONE INTL INC COM 493503106 1144 41800 SH DEFINED 0103 41800 KEYSTONE INTL INC COM 493503106 82 3000 SH DEFINED 01 3000 KIMBERLY CLARK COM 494368103 27234 525000 SH DEFINED 0130 525000 KIMBERLY CLARK COM 494368103 14245 274600 SH DEFINED 011516 274600 KIMBERLY CLARK COM 494368103 214 4132 SH DEFINED 0103 4132 KIMBERLY CLARK COM 494368103 11630 224200 SH DEFINED 01 224200 KIMCO REALTY CORP COM 49446R109 4391 125000 SH DEFINED 0130 125000 KIMCO REALTY CORP COM 49446R109 3864 110000 SH DEFINED 0131 110000 KIMCO REALTY CORP COM 49446R109 186 5300 SH DEFINED 0103 5300 KINGWORLD PRODUCTION COM 495667107 34 884 SH DEFINED 0103 884 KLOOF GOLD MININGADR COM 498746502 2756 225000 SH DEFINED 0127 225000 KNIGHT-RIDDER INC. COM 499040103 82 1377 SH DEFINED 0103 1377 KOHLS CORP COM 500255104 6281 125000 SH DEFINED 0106 125000 KOHLS CORP COM 500255104 5332 106100 SH DEFINED 011614 106100 KOHLS CORP COM 500255104 21432 426500 SH DEFINED 0102 426500 KOHLS CORP COM 500255104 8543 170000 SH DEFINED 0131 170000 KOHLS CORP COM 500255104 372 7400 SH DEFINED 0103 7400 KRANZCO REALTY COM 50076E103 3763 175000 SH DEFINED 0130 175000 KRANZCO REALTY COM 50076E103 2688 125000 SH DEFINED 0107 125000 KRANZCO REALTY COM 50076E103 2365 110000 SH DEFINED 0131 110000 KRANZCO REALTY COM 50076E103 114 5300 SH DEFINED 0103 5300 KRANZCO REALTY COM 50076E103 1656 77000 SH DEFINED 01 77000 KROGER CO CONV BOND 501044BE0 18600 15000000 PRN DEFINED 0130 15000000 KROGER CO CONV BOND 501044BE0 2480 2000000 PRN DEFINED 0107 2000000 KROGER CO. COM 501044101 1208 60000 SH DEFINED 011620 60000 KROGER CO. COM 501044101 53 2656 SH DEFINED 0103 2656 LCI INTL COM 501813109 1850 50000 SH DEFINED 0106 50000 LCI INTL COM 501813109 3515 95000 SH DEFINED 011618 95000 LCI INTL COM 501813109 1850 50000 SH DEFINED 011614 50000 LCI INTL INC $25 CONV PFD STOCK 501813208 712 24750 SH DEFINED 0132 24750 LCI INTL INC $25 CONV PFD STOCK 501813208 2875 100000 SH DEFINED 0107 100000 LCI INTL INC $25 CONV PFD STOCK 501813208 11500 400000 SH DEFINED 011516 400000 LCI INTL INC $25 CONV PFD STOCK 501813208 1423 49500 SH DEFINED 011618 49500 LG AND E ENERGY CORP COM 501917108 6683 165000 SH DEFINED 0132 165000 LTV CORP NEW COM 501921100 4031 250000 SH DEFINED 011618 250000 LTV CORP NEW COM 501921100 42657 2645190 SH DEFINED 0102 862900 1782290 LTV CORP NEW COM 501921100 2182 135300 SH DEFINED 0103 135300 PAGE 38 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE LSB INDUSTRIES $50 CONV PFD STOCK 502160500 5400 100000 SH DEFINED 0124 100000 LSB INDUSTRIES $50 CONV PFD STOCK 502160500 4320 80000 SH DEFINED 0107 80000 LTC PROPERTIES COM 502175102 3863 300000 SH DEFINED 0132 300000 LTC PROPERTIES COM 502175102 2253 175000 SH DEFINED 0107 175000 LTC PROPERTIES COM 502175102 592 46000 SH DEFINED 01 46000 LAC MINERALS ORD COM 505458109 656 75000 SH DEFINED 0127 75000 LAM RESEARCH CORP COM 512807108 3169 97500 SH DEFINED 011614 97500 LAM RESEARCH CORP COM 512807108 7478 230000 SH DEFINED 0102 230000 LAM RESEARCH CORP COM 512807108 132 4050 SH DEFINED 0103 4050 LANCASTER COLONY COR COM 513847103 87 1900 SH DEFINED 0102 1900 LANCASTER COLONY COR COM 513847103 1187 25800 SH DEFINED 0103 25800 LAND AIR COM 514759109 830 40500 SH DEFINED 0106 40500 LANDAMARK COMM COM 515090108 2562 15530 SH DEFINED 0102 15530 LASALLE NATL $50 PREFERRED STOCK 5180283*4 8400 150000 SH DEFINED 01 150000 LASALLE NATL $50 PREFERRED STOCK 5180283*4 3360 60000 SH DEFINED 0116 60000 LASALLE NATL $50 PREFERRED STOCK 5180283*4 2240 40000 SH DEFINED 0116 40000 LEAR HOLDINGS CORP COM 521871103 2529 5950 SH DEFINED 0109 5950 LEASEWAY TRANSPORT COM 522075100 13114 771428 SH DEFINED 0109 771428 LENNAR CORP COM 526057104 9384 275000 SH DEFINED 0108 275000 LENNAR CORP COM 526057104 5147 150800 SH DEFINED 0102 150800 LENNAR CORP COM 526057104 1805 52900 SH DEFINED 0103 52900 LEUCADIA NAT'L CONV BOND 527288AG9 4851 4900000 PRN DEFINED 0104 4900000 LEUCADIA NAT'L CONV BOND 527288AG9 2574 2600000 PRN DEFINED 0131 2600000 LIBERTY MEDIA CL E PREFERRED STOCK 530715507 4600 50000 SH DEFINED 0109 50000 LIBERTY MEDIA CL E PREFERRED STOCK 530715507 2300 25000 SH DEFINED 0131 25000 ELI LILLY COM 532457108 14844 250000 SH DEFINED 0113 250000 ELI LILLY COM 532457108 444 7476 SH DEFINED 0103 7476 THE LIMITED INC COM 532716107 6850 400000 SH DEFINED 0124 400000 THE LIMITED INC COM 532716107 307 17900 SH DEFINED 0125 17900 THE LIMITED INC COM 532716107 66 3840 SH DEFINED 0102 3840 THE LIMITED INC COM 532716107 283 16547 SH DEFINED 0103 16547 LIN BROADCASTING COM 532763109 11050 100000 SH DEFINED 0130 100000 LIN BROADCASTING COM 532763109 34255 310000 SH DEFINED 011516 310000 LIN BROADCASTING COM 532763109 13260 120000 SH DEFINED 011618 120000 LIN BROADCASTING COM 532763109 553 5000 SH DEFINED 011620 5000 LIN BROADCASTING COM 532763109 51674 467611 SH DEFINED 0102 103600 364011 LIN BROADCASTING COM 532763109 4983 45100 SH DEFINED 0103 45100 LIN BROADCASTING COM 532763109 10166 92000 SH DEFINED 01 92000 LINCOLN NAT COM 534187109 98 2262 SH DEFINED 0103 2262 LINEAR TECHNOLOGY COM 535678106 23250 600000 SH DEFINED 0126 600000 LINEAR TECHNOLOGY COM 535678106 5813 150000 SH DEFINED 0106 150000 LINEAR TECHNOLOGY COM 535678106 3875 100000 SH DEFINED 011614 100000 LINEAR TECHNOLOGY COM 535678106 17237 444800 SH DEFINED 0102 444800 LINEAR TECHNOLOGY COM 535678106 6394 165000 SH DEFINED 0131 165000 LINEAR TECHNOLOGY COM 535678106 318 8200 SH DEFINED 0103 8200 LITTON INDUSTRIES COM 538021106 69 1074 SH DEFINED 0103 1074 LIZ CLAIBORNE COM 539320101 49 2165 SH DEFINED 0103 2165 LOCKHEED CORP COM 539821108 107 1574 SH DEFINED 0103 1574 LONE STAR STEAK HS COM 542307103 670 24338 SH DEFINED 0102 24338 LONG ISLAND LIGHTING COM 542671102 23156 950000 SH DEFINED 0113 950000 PAGE 39 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE LONG ISLAND LIGHTING PREFERRED STOCK 5426719A2 943 9199 SH DEFINED 0105 9199 LONGS DRUG STORES COM 543162101 16 491 SH DEFINED 0103 491 LONGVIEW FIBRE WASH COM 543213102 6082 268800 SH DEFINED 0128 268800 LONGVIEW FIBRE WASH COM 543213102 1244 55000 SH DEFINED 011620 55000 LONGVIEW FIBRE WASH COM 543213102 7398 327000 SH DEFINED 0131 327000 LONGVIEW FIBRE WASH COM 543213102 337 14900 SH DEFINED 0103 14900 LORAL COM 543859102 1208 32000 SH DEFINED 0125 32000 LORAL COM 543859102 166 4400 SH DEFINED 0102 4400 LORAL COM 543859102 570 15098 SH DEFINED 0103 15098 LORAL COM 543859102 34 900 SH DEFINED 01 900 LOTUS DEV CORP COM 545700106 60 1082 SH DEFINED 0103 1082 LOUISIANA LAND/EXP COM 546268103 289 7200 SH DEFINED 0125 7200 LOUISIANA LAND/EXP COM 546268103 40 1000 SH DEFINED 0102 1000 LOUISIANA LAND/EXP COM 546268103 144 3588 SH DEFINED 0103 3588 LOUISIANA PAC. COM 546347105 114 2754 SH DEFINED 0103 2754 LOWE'S CO'S COM 548661107 15405 260000 SH DEFINED 0131 260000 LOWE'S CO'S COM 548661107 117 1969 SH DEFINED 0103 1969 LUBY'S CAFETERIES COM 549282101 15 688 SH DEFINED 0103 688 LYONDELL PETROCHEM COM 552078107 15938 750000 SH DEFINED 0113 750000 LYONDELL PETROCHEM COM 552078107 6375 300000 SH DEFINED 0124 300000 LYONDELL PETROCHEM COM 552078107 4250 200000 SH DEFINED 0107 200000 LYONDELL PETROCHEM COM 552078107 22359 1052180 SH DEFINED 0102 276000 776180 LYONDELL PETROCHEM COM 552078107 6375 300000 SH DEFINED 0131 300000 LYONDELL PETROCHEM COM 552078107 10774 507000 SH DEFINED 01 507000 MA/COM COM 552618100 5 589 SH DEFINED 0103 589 MBNA COM 55262L100 53400 1600000 SH DEFINED 0126 1600000 MBNA COM 55262L100 25031 750000 SH DEFINED 0113 750000 MBNA COM 55262L100 5006 150000 SH DEFINED 0132 150000 MBNA COM 55262L100 30038 900000 SH DEFINED 0124 900000 MBNA COM 55262L100 2336 70000 SH DEFINED 0107 70000 MBNA COM 55262L100 10013 300000 SH DEFINED 0131 300000 MBNA COM 55262L100 601 18011 SH DEFINED 0103 18011 MCI COMMUNICATIONS COM 552673105 9888 350000 SH DEFINED 0108 350000 MCI COMMUNICATIONS COM 552673105 62150 2200000 SH DEFINED 0126 2200000 MCI COMMUNICATIONS COM 552673105 11300 400000 SH DEFINED 0132 400000 MCI COMMUNICATIONS COM 552673105 33900 1200000 SH DEFINED 0124 1200000 MCI COMMUNICATIONS COM 552673105 2057 72800 SH DEFINED 0125 72800 MCI COMMUNICATIONS COM 552673105 3955 140000 SH DEFINED 011622 140000 MCI COMMUNICATIONS COM 552673105 8605 304600 SH DEFINED 011623 304600 MCI COMMUNICATIONS COM 552673105 9888 350000 SH DEFINED 011516 350000 MCI COMMUNICATIONS COM 552673105 11300 400000 SH DEFINED 011618 400000 MCI COMMUNICATIONS COM 552673105 58780 2080550 SH DEFINED 0102 811700 1268850 MCI COMMUNICATIONS COM 552673105 3621 128177 SH DEFINED 0103 84900 43277 MCI COMMUNICATIONS COM 552673105 946 33500 SH DEFINED 01 33500 MFS COMM COM 55272T101 4875 150000 SH DEFINED 011516 150000 MGIC INVESTMENT CORP COM 552848103 23400 800000 SH DEFINED 011516 800000 MGI PROPERTIES COM 552885105 1022 75000 SH DEFINED 0132 75000 MK GOLD COM 55305P100 402 67000 SH DEFINED 0127 67000 M.S. CARRIERS COM 553533100 1169 55000 SH DEFINED 011620 55000 MAANSHAN IRON&STEEL COM 554059105 5759 100000 SH DEFINED 0111 100000 PAGE 40 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE MACFRUGALS BARGAINS COM 554152108 3925 200000 SH DEFINED 0128 200000 MACFRUGALS BARGAINS COM 554152108 5397 275000 SH DEFINED 0131 275000 MACFRUGALS BARGAINS COM 554152108 247 12600 SH DEFINED 0103 12600 MADECO COM 556304103 1170 40000 SH DEFINED 011620 40000 MASISA COM 556465102 4200 150000 SH DEFINED 0124 150000 MAGMA COPPER $50 CVT CONV PFD STOCK 559177308 2781 50000 SH DEFINED 0104 50000 MAGMA COPPER $50 CVT CONV PFD STOCK 559177308 1947 35000 SH DEFINED 011621 35000 MAGMA COPPER $50 CVT CONV PFD STOCK 559177308 834 15000 SH DEFINED 0131 15000 MAGMA POWER NEW COM 559194105 7050 200000 SH DEFINED 0132 200000 MAGNA INTL COM 559222401 37810 760000 SH DEFINED 0126 760000 MAGNA INTL COM 559222401 4975 100000 SH DEFINED 0124 100000 MAGNA INTL COM 559222401 2687 54000 SH DEFINED 011622 54000 MAGNA INTL COM 559222401 6169 124000 SH DEFINED 011623 124000 MAGNETEK INC COM 559424106 7438 500000 SH DEFINED 011516 500000 MAGNETEK INC COM 559424106 1488 100000 SH DEFINED 011620 100000 MAGNETEK INC COM 559424106 3183 214000 SH DEFINED 01 214000 MAHINDRA & MAHINDRA COM 559832100 2878 299780 SH DEFINED 0124 299780 MANOR CARE INC COM 564054104 36 1476 SH DEFINED 0103 1476 MANPOWER INC 144A CONV BOND 56418HAA8 1110 1000000 PRN DEFINED 011620 1000000 MANVILLE CORP NEW COM 565020302 85 10161 SH DEFINED 0103 10161 MARGARETTEN FINL COM 566576104 4163 300000 SH DEFINED 0128 300000 MARGARETTEN FINL COM 566576104 4301 310000 SH DEFINED 0131 310000 MARION MERRELL DOW COM 569790108 13050 725000 SH DEFINED 0113 725000 MARK CENTER TRUST COM 570382101 2175 150000 SH DEFINED 0106 150000 MARK CENTER TRUST COM 570382101 1475 101700 SH DEFINED 0132 101700 MARK CENTER TRUST COM 570382101 1450 100000 SH DEFINED 0107 100000 MARK CENTER TRUST COM 570382101 1595 110000 SH DEFINED 011614 110000 MARK CENTER TRUST COM 570382101 3455 238300 SH DEFINED 0131 238300 MARSH MCLENNAN CO COM 571748102 160 1969 SH DEFINED 0103 1969 MARRIOTT INTERNATION COM 571900109 365 12597 SH DEFINED 011621 12597 MARRIOTT INTERNATION COM 571900109 1298 44747 SH DEFINED 0116 44747 MARRIOTT INTERNATION COM 571900109 77 2657 SH DEFINED 0103 2657 MARRIOTT INTERNATION COM 571900109 349 12032 SH DEFINED 01 12032 MARTIN MARIETTA COM 572900108 11125 250000 SH DEFINED 0108 250000 MARTIN MARIETTA COM 572900108 1971 44300 SH DEFINED 0125 44300 MARTIN MARIETTA COM 572900108 271 6100 SH DEFINED 0102 6100 MARTIN MARIETTA COM 572900108 906 20360 SH DEFINED 0103 20360 MARTIN MARIETTA COM 572900108 921 20700 SH DEFINED 01 20700 MARVEL ENTERTAINMENT COM 573913100 10900 400000 SH DEFINED 011516 400000 MARYLAND CABLE COM 574035200 4 378000 SH DEFINED 0109 378000 MASCO CORP COM 574599106 25900 700000 SH DEFINED 0130 700000 MASCO CORP COM 574599106 12025 325000 SH DEFINED 0108 325000 MASCO CORP COM 574599106 40700 1100000 SH DEFINED 0124 1100000 MASCO CORP COM 574599106 14800 400000 SH DEFINED 011618 400000 MASCO CORP COM 574599106 38625 1043840 SH DEFINED 0102 495700 548140 MASCO CORP COM 574599106 12025 325000 SH DEFINED 0131 325000 MASCO CORP COM 574599106 1401 37835 SH DEFINED 0103 18500 19335 MASCO CORP COM 574599106 11137 301000 SH DEFINED 01 301000 MASCO INDUSTRIES COM 574670105 2788 100000 SH DEFINED 0107 100000 MASCO INDUSTRIES COM 574670105 1115 40000 SH DEFINED 011620 40000 PAGE 41 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE MATTEL INC. COM 577081102 27625 1000000 SH DEFINED 0126 1000000 MATTEL INC. COM 577081102 1856 67200 SH DEFINED 0125 67200 MATTEL INC. COM 577081102 1381 50000 SH DEFINED 011622 50000 MATTEL INC. COM 577081102 3177 115000 SH DEFINED 011623 115000 MATTEL INC. COM 577081102 2763 100000 SH DEFINED 011516 100000 MATTEL INC. COM 577081102 20679 748393 SH DEFINED 0102 339000 409393 MATTEL INC. COM 577081102 2216 80246 SH DEFINED 0103 49500 30746 MATTEL INC. COM 577081102 11298 409000 SH DEFINED 01 409000 MAXIM INTEGRATED COM 57772K101 5171 108000 SH DEFINED 0106 108000 MAXIM INTEGRATED COM 57772K101 14363 300000 SH DEFINED 0111 300000 MAXIM INTEGRATED COM 57772K101 1436 30000 SH DEFINED 011619 30000 MAXIM INTEGRATED COM 57772K101 3591 75000 SH DEFINED 011614 75000 MAXIM INTEGRATED COM 57772K101 18004 376000 SH DEFINED 0102 376000 MAXIM INTEGRATED COM 57772K101 345 7200 SH DEFINED 0103 7200 MAXUS ENERGY CORP COM 577730104 308 56000 SH DEFINED 0125 56000 MAXUS ENERGY CORP COM 577730104 42 7700 SH DEFINED 0102 7700 MAXUS ENERGY CORP COM 577730104 144 26244 SH DEFINED 0103 26244 MAY DEPT STORES COM 577778103 19688 500000 SH DEFINED 0130 500000 MAY DEPT STORES COM 577778103 6891 175000 SH DEFINED 0131 175000 MAY DEPT STORES COM 577778103 583 14795 SH DEFINED 0103 14795 MAYFLOWER GROUP INC COM 578349102 58 5024 SH DEFINED 0103 5024 MAYTAG CO COM 578592107 24300 1350000 SH DEFINED 0130 1350000 MAYTAG CO COM 578592107 10800 600000 SH DEFINED 0113 600000 MAYTAG CO COM 578592107 4500 250000 SH DEFINED 0128 250000 MAYTAG CO COM 578592107 28198 1566448 SH DEFINED 0102 724400 842048 MAYTAG CO COM 578592107 10800 600000 SH DEFINED 0131 600000 MAYTAG CO COM 578592107 1003 55705 SH DEFINED 0103 24050 31655 MAYTAG CO COM 578592107 2052 114000 SH DEFINED 01 114000 MAC ARTHUR GLEN COM 579188103 804 33000 SH DEFINED 0106 33000 MAC ARTHUR GLEN COM 579188103 1219 50000 SH DEFINED 011618 50000 MAC ARTHUR GLEN COM 579188103 585 24000 SH DEFINED 011614 24000 MAC ARTHUR GLEN COM 579188103 1048 43000 SH DEFINED 0131 43000 MCCAW CELLULAR COMM COM 579468109 50500 1000000 SH DEFINED 0126 1000000 MCCAW CELLULAR COMM COM 579468109 10100 200000 SH DEFINED 0111 200000 MCCAW CELLULAR COMM COM 579468109 10100 200000 SH DEFINED 0132 200000 MCCAW CELLULAR COMM COM 579468109 20200 400000 SH DEFINED 0124 400000 MCCAW CELLULAR COMM COM 579468109 3535 70000 SH DEFINED 011622 70000 MCCAW CELLULAR COMM COM 579468109 7575 150000 SH DEFINED 011623 150000 MCCAW CELLULAR COMM COM 579468109 13635 270000 SH DEFINED 011618 270000 MCCAW CELLULAR COMM COM 579468109 153 3000 SH DEFINED 0102 3000 MCCAW CELLULAR COMM COM 579468109 3788 75000 SH DEFINED 0131 75000 MCCAW CELLULAR COMM COM 579468109 264 5235 SH DEFINED 0103 5235 MCDERMOTT INTL COM 580037109 3975 150000 SH DEFINED 0107 150000 MCDERMOTT INTL COM 580037109 34 1278 SH DEFINED 0103 1278 MCDERMOTT INTL COM 580037109 4606 173800 SH DEFINED 01 173800 MCDONALDS COM 580135101 4058 71200 SH DEFINED 0125 71200 MCDONALDS COM 580135101 28500 500000 SH DEFINED 011516 500000 MCDONALDS COM 580135101 14250 250000 SH DEFINED 011618 250000 MCDONALDS COM 580135101 18696 327880 SH DEFINED 0102 94850 233030 MCDONALDS COM 580135101 11400 200000 SH DEFINED 0131 200000 PAGE 42 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE MCDONALDS COM 580135101 4831 84754 SH DEFINED 0103 35650 49104 MCDONALDS COM 580135101 8476 148700 SH DEFINED 01 148700 MCDONNELL DOUGLASS COM 580169100 567 5300 SH DEFINED 0125 5300 MCDONNELL DOUGLASS COM 580169100 75 700 SH DEFINED 0102 700 MCDONNELL DOUGLASS COM 580169100 342 3204 SH DEFINED 0103 3204 MCDONNELL DOUGLASS COM 580169100 32 300 SH DEFINED 01 300 MCGAW COM 580471100 5023 490000 SH DEFINED 0131 490000 MC GRAW-HILL COM 580645109 21978 325000 SH DEFINED 0130 325000 MC GRAW-HILL COM 580645109 10144 150000 SH DEFINED 0108 150000 MC GRAW-HILL COM 580645109 21978 325000 SH DEFINED 0113 325000 MC GRAW-HILL COM 580645109 6763 100000 SH DEFINED 011618 100000 MC GRAW-HILL COM 580645109 86 1279 SH DEFINED 0103 1279 MCKESSON CORP COM 581556107 5400 100000 SH DEFINED 0124 100000 MCKESSON CORP COM 581556107 58 1082 SH DEFINED 0103 1082 MEAD CORP COM 582834107 66 1475 SH DEFINED 0103 1475 MEDCO CONTAINMENT CONV BOND 583905AC8 3463 2500000 PRN DEFINED 0107 2500000 MEDAPHIS CORP 144A CONV BOND 584028AA2 15570 12000000 PRN DEFINED 011516 12000000 MEDAPHIS CORP COM 584028104 9900 300000 SH DEFINED 011516 300000 MEDAPHIS CORP COM 584028104 3300 100000 SH DEFINED 011619 100000 MEDICAL CARE INTL CONV BOND 584505AC5 18350 20000000 PRN DEFINED 0130 20000000 MEDICAL CARE INTL CONV BOND 584505AC5 5964 6500000 PRN DEFINED 0124 6500000 MEDITRUST COM 58501T108 3870 120000 SH DEFINED 0132 120000 MEDITRUST COM 58501T108 1613 50000 SH DEFINED 0107 50000 MEDITRUST COM 58501T108 5160 160000 SH DEFINED 01 160000 MEDSTAT GROUP INC COM 585051105 4350 300000 SH DEFINED 011516 300000 MEDTRONIC COM 585055106 24638 300000 SH DEFINED 0126 300000 MEDTRONIC COM 585055106 16425 200000 SH DEFINED 0124 200000 MEDTRONIC COM 585055106 2143 26100 SH DEFINED 0125 26100 MEDTRONIC COM 585055106 3285 40000 SH DEFINED 011622 40000 MEDTRONIC COM 585055106 6981 85000 SH DEFINED 011623 85000 MEDTRONIC COM 585055106 7845 95516 SH DEFINED 0102 9900 85616 MEDTRONIC COM 585055106 7391 90000 SH DEFINED 0131 90000 MEDTRONIC COM 585055106 991 12066 SH DEFINED 0103 12066 MEDTRONIC COM 585055106 1996 24300 SH DEFINED 01 24300 MELLON BANK CORP COM 585509102 21200 400000 SH DEFINED 0130 400000 MELLON BANK CORP COM 585509102 83 1567 SH DEFINED 0103 1567 MELVILLE CORP COM 585745102 23359 575000 SH DEFINED 0113 575000 MELVILLE CORP COM 585745102 792 19500 SH DEFINED 0125 19500 MELVILLE CORP COM 585745102 110 2700 SH DEFINED 0102 2700 MELVILLE CORP COM 585745102 8734 215000 SH DEFINED 0131 215000 MELVILLE CORP COM 585745102 856 21056 SH DEFINED 0103 21056 MENS WEARHOUSE INC COM 587118100 1958 60000 SH DEFINED 0106 60000 MENS WEARHOUSE INC COM 587118100 1697 52000 SH DEFINED 011614 52000 MENS WEARHOUSE INC COM 587118100 2447 75000 SH DEFINED 0131 75000 MERCANTILE BANCORPOR COM 587342106 5641 125000 SH DEFINED 0128 125000 MERCANTILE BANCORPOR COM 587342106 3384 75000 SH DEFINED 0106 75000 MERCANTILE BANCORPOR COM 587342106 2933 65000 SH DEFINED 011614 65000 MERCANTILE BANCORPOR COM 587342106 11282 250000 SH DEFINED 0131 250000 MERCANTILE BANCORPOR COM 587342106 361 8000 SH DEFINED 0103 8000 MERCANTILE STORES COM 587533100 21750 600000 SH DEFINED 0113 600000 PAGE 43 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE MERCANTILE STORES COM 587533100 7250 200000 SH DEFINED 0131 200000 MERCANTILE STORES COM 587533100 395 10884 SH DEFINED 0103 10884 MERCK COM 589331107 1091 31742 SH DEFINED 0103 31742 MERCURY FINANCE CO COM 589395102 2869 150000 SH DEFINED 011619 150000 MERCURY FINANCE CO COM 589395102 17467 913330 SH DEFINED 0102 913330 MERCURY FINANCE CO COM 589395102 337 17600 SH DEFINED 0103 17600 MERCURY GENERAL CORP COM 589400100 2700 90000 SH DEFINED 0106 90000 MERCURY GENERAL CORP COM 589400100 2100 70000 SH DEFINED 011614 70000 MEREDITH CORP COM 589433101 16 393 SH DEFINED 0103 393 MERIDIAN BANCORP INC COM 589580109 2850 100000 SH DEFINED 0107 100000 MERRILL LYNCH & CO COM 590188108 7350 175000 SH DEFINED 0108 175000 MERRILL LYNCH & CO COM 590188108 36960 880000 SH DEFINED 0126 880000 MERRILL LYNCH & CO COM 590188108 25200 600000 SH DEFINED 0111 600000 MERRILL LYNCH & CO COM 590188108 3360 80000 SH DEFINED 011622 80000 MERRILL LYNCH & CO COM 590188108 7476 178000 SH DEFINED 011623 178000 MERRILL LYNCH & CO COM 590188108 10825 257755 SH DEFINED 0102 120400 137355 MERRILL LYNCH & CO COM 590188108 273 6501 SH DEFINED 0103 6501 MERRY LAND & INVT CO COM 590438107 3000 150000 SH DEFINED 0130 150000 MERRY LAND & INVT CO COM 590438107 2000 100000 SH DEFINED 0132 100000 MERRY LAND & INVT CO COM 590438107 2000 100000 SH DEFINED 0107 100000 MERRY LAND & INVT CO COM 590438107 1000 50000 SH DEFINED 011618 50000 MESA AIRLINES COM 590481107 4438 250000 SH DEFINED 0106 250000 MESA AIRLINES COM 590481107 10650 600000 SH DEFINED 0111 600000 MESA AIRLINES COM 590481107 8343 470000 SH DEFINED 011618 470000 MESA AIRLINES COM 590481107 1154 65000 SH DEFINED 011619 65000 MESA AIRLINES COM 590481107 3018 170000 SH DEFINED 011614 170000 MESA AIRLINES COM 590481107 12442 701000 SH DEFINED 0102 701000 MESA AIRLINES COM 590481107 5769 325000 SH DEFINED 0131 325000 MESA AIRLINES COM 590481107 222 12500 SH DEFINED 0103 12500 METHODE ELEC COM 591520200 1078 75000 SH DEFINED 011620 75000 METROPOLITAN FINL CO COM 591908108 3607 218600 SH DEFINED 0111 218600 MICHIGAN NATIONAL CO COM 594563108 2875 50000 SH DEFINED 0107 50000 MICROSOFT COM 594918104 10078 125000 SH DEFINED 0130 125000 MICROSOFT COM 594918104 38700 480000 SH DEFINED 0126 480000 MICROSOFT COM 594918104 4838 60000 SH DEFINED 0106 60000 MICROSOFT COM 594918104 28219 350000 SH DEFINED 0111 350000 MICROSOFT COM 594918104 24188 300000 SH DEFINED 0124 300000 MICROSOFT COM 594918104 2620 32500 SH DEFINED 011622 32500 MICROSOFT COM 594918104 5644 70000 SH DEFINED 011623 70000 MICROSOFT COM 594918104 42731 530000 SH DEFINED 011516 530000 MICROSOFT COM 594918104 13303 165000 SH DEFINED 011618 165000 MICROSOFT COM 594918104 4031 50000 SH DEFINED 011614 50000 MICROSOFT COM 594918104 73922 916963 SH DEFINED 0102 342900 574063 MICROSOFT COM 594918104 6450 80000 SH DEFINED 0131 80000 MICROSOFT COM 594918104 3628 45000 SH DEFINED 0103 45000 MICROSOFT COM 594918104 14271 177000 SH DEFINED 01 177000 MID AM INC $25 SER A CONV PFD STOCK 594930208 1165 40000 SH DEFINED 0107 40000 MICRO-CHIP COM 595017104 2340 60000 SH DEFINED 0106 60000 MICRO-CHIP COM 595017104 1365 35000 SH DEFINED 011619 35000 MICRO-CHIP COM 595017104 1170 30000 SH DEFINED 011620 30000 PAGE 44 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE MICRO-CHIP COM 595017104 6240 160000 SH DEFINED 011614 160000 MICRO-CHIP COM 595017104 2769 71000 SH DEFINED 01 71000 MID ATLANTIC MEDICAL COM 59523C107 3203 125000 SH DEFINED 0130 125000 MID ATLANTIC COM 595232109 2281 250000 SH DEFINED 0107 250000 MIDLANTIC CORP INC COM 59780E101 893 35000 SH DEFINED 011620 35000 MIDWEST RES COM 598374106 2700 150000 SH DEFINED 0132 150000 MILLIPORE CORP COM 601073109 28 688 SH DEFINED 0103 688 MN MINING & MFG CO COM 604059105 600 5521 SH DEFINED 0103 5521 MN P & L 144A $100 PREFERRED STOCK 6041109C2 5000 50000 SH DEFINED 0105 50000 MN P & L 144A $100 PREFERRED STOCK 6041109C2 3000 30000 SH DEFINED 01 30000 MN P&L 144A 6.70 PREFERRED STOCK 604110999 10500 100000 SH DEFINED 0105 100000 MRS FIELDS COM 60650*990 605 20176717 SH DEFINED 0105 20176717 MITEK SURICAL PROD COM 60671F108 1550 72100 SH DEFINED 0106 72100 MITEK SURICAL PROD COM 60671F108 1075 50000 SH DEFINED 011614 50000 MITEL CORP COM 606711109 1352 230200 SH DEFINED 0106 230200 MITEL CORP COM 606711109 1237 210600 SH DEFINED 011614 210600 MITEL CORP COM 606711109 1763 300000 SH DEFINED 0131 300000 MOBIL COM 607059102 25675 325000 SH DEFINED 0113 325000 MOBIL COM 607059102 4740 60000 SH DEFINED 0107 60000 MOBIL COM 607059102 9480 120000 SH DEFINED 011618 120000 MOBIL COM 607059102 101743 1287869 SH DEFINED 0102 479550 808319 MOBIL COM 607059102 9875 125000 SH DEFINED 0131 125000 MOBIL COM 607059102 6163 78031 SH DEFINED 0103 62000 16031 MOBIL COM 607059102 2212 28000 SH DEFINED 01 28000 MOBILE TELE TECH CP COM 607406105 2183 90000 SH DEFINED 0106 90000 MOBILE TELE TECH CP COM 607406105 4850 200000 SH DEFINED 0111 200000 MOBILE TELE TECH CP COM 607406105 1698 70000 SH DEFINED 011614 70000 MOBILE TELE TECH CP COM 607406105 2789 115000 SH DEFINED 0131 115000 MOLECULAR DYNAMICS COM 608514105 1645 140000 SH DEFINED 0106 140000 MOLECULAR DYNAMICS COM 608514105 1293 110000 SH DEFINED 011614 110000 MOLECULAR DYNAMICS COM 608514105 2314 196700 SH DEFINED 0102 196700 MOLECULAR DYNAMICS COM 608514105 283 24100 SH DEFINED 0131 24100 MOLECULAR DYNAMICS COM 608514105 47 4000 SH DEFINED 0103 4000 MOLEX INC CL A COM 608554200 34 1000 SH DEFINED 0102 1000 MOLTEN METAL TECH COM 608712105 1163 50000 SH DEFINED 0106 50000 MOLTEN METAL TECH COM 608712105 2325 100000 SH DEFINED 0107 100000 MOLTEN METAL TECH COM 608712105 977 42000 SH DEFINED 011614 42000 MOLTEN METAL TECH COM 608712105 1511 65000 SH DEFINED 0131 65000 MONSANTO COMPANY COM 611662107 224 3049 SH DEFINED 0103 3049 MOORE CORP COM 615785102 17213 900000 SH DEFINED 0113 900000 MOORE CORP COM 615785102 1913 100000 SH DEFINED 0107 100000 MOORE CORP COM 615785102 47 2458 SH DEFINED 0103 2458 JP MORGAN & CO INC COM 616880100 28 400 SH DEFINED 0102 400 JP MORGAN & CO INC COM 616880100 341 4919 SH DEFINED 0103 4919 MORGAN STANLEY GROUP COM 617446109 7075 100000 SH DEFINED 0108 100000 MORGAN STANLEY GROUP COM 617446109 24763 350000 SH DEFINED 0124 350000 MORRISON KNUDSEN CP COM 618447106 20 787 SH DEFINED 0103 787 MORTON INTERNATIONAL COM 619331101 19 200 SH DEFINED 0102 200 MORTON INTERNATIONAL COM 619331101 120 1280 SH DEFINED 0103 1280 MOTOR COACH INDS INT COM 619848104 7563 500000 SH DEFINED 0124 500000 PAGE 45 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE MOTOROLA INC LYON CONV BOND 620076AJ8 5006 7500000 PRN DEFINED 011618 7500000 MOTOROLA COM 620076109 115469 1250000 SH DEFINED 0126 1250000 MOTOROLA COM 620076109 36950 400000 SH DEFINED 0111 400000 MOTOROLA COM 620076109 18475 200000 SH DEFINED 0124 200000 MOTOROLA COM 620076109 2457 26600 SH DEFINED 0125 26600 MOTOROLA COM 620076109 6928 75000 SH DEFINED 011622 75000 MOTOROLA COM 620076109 16166 175000 SH DEFINED 011623 175000 MOTOROLA COM 620076109 11547 125000 SH DEFINED 011516 125000 MOTOROLA COM 620076109 11085 120000 SH DEFINED 011618 120000 MOTOROLA COM 620076109 79317 858707 SH DEFINED 0102 312600 546107 MOTOROLA COM 620076109 5149 55736 SH DEFINED 0103 38050 17686 MOTOROLA COM 620076109 3131 33900 SH DEFINED 01 33900 MULTIMEDIA INC NEW COM 62545K107 6850 200000 SH DEFINED 0108 200000 MULTIMEDIA INC NEW COM 62545K107 20550 600000 SH DEFINED 0126 600000 MULTIMEDIA INC NEW COM 62545K107 5651 165000 SH DEFINED 0106 165000 MULTIMEDIA INC NEW COM 62545K107 4453 130000 SH DEFINED 011614 130000 MULTIMEDIA INC NEW COM 62545K107 16581 484100 SH DEFINED 0102 484100 MULTIMEDIA INC NEW COM 62545K107 7535 220000 SH DEFINED 0131 220000 MULTIMEDIA INC NEW COM 62545K107 308 9000 SH DEFINED 0103 9000 MUSICLAND INC COM 62758B109 4669 225000 SH DEFINED 0128 225000 MUSICLAND INC COM 62758B109 3113 150000 SH DEFINED 0106 150000 MUSICLAND INC COM 62758B109 10375 500000 SH DEFINED 011516 500000 MUSICLAND INC COM 62758B109 1204 58000 SH DEFINED 011619 58000 MUSICLAND INC COM 62758B109 2490 120000 SH DEFINED 011614 120000 MUSICLAND INC COM 62758B109 10383 500400 SH DEFINED 0102 500400 MUSICLAND INC COM 62758B109 10968 528600 SH DEFINED 0131 528600 MUSICLAND INC COM 62758B109 543 26200 SH DEFINED 0103 9800 16400 MUTUAL RISK COM 628351108 19942 667500 SH DEFINED 011516 667500 MUTUAL RISK COM 628351108 747 25000 SH DEFINED 011620 25000 NBD BANCORP COM 628900102 122 4132 SH DEFINED 0103 4132 NIPSCO COM 629140104 8548 260000 SH DEFINED 0132 260000 NIPSCO COM 629140104 16 500 SH DEFINED 0102 500 NL INDUSTRIES INC COM 629156407 6 1278 SH DEFINED 0103 1278 NACCO IND CL A COM 629579103 10 196 SH DEFINED 0103 196 NALCO CHEMICAL COM 629853102 11250 300000 SH DEFINED 0130 300000 NALCO CHEMICAL COM 629853102 66 1770 SH DEFINED 0103 1770 NATIONAL CITY CORP COM 635405103 19600 800000 SH DEFINED 0113 800000 NATIONAL CITY CORP COM 635405103 3063 125000 SH DEFINED 0107 125000 NATL CITY CORP $50 CONV PFD STOCK 635405509 3425 50000 SH DEFINED 0107 50000 NATIONAL EDUCATION COM 635771108 4 687 SH DEFINED 0103 687 NATL ENT 4.75 CONV BOND 635819AA3 1 20000 PRN DEFINED 0102 20000 NATIONAL FUEL GAS CO COM 636180101 6800 200000 SH DEFINED 0132 200000 NATIONAL GOLF COM 63623G109 4375 200000 SH DEFINED 011618 200000 NATL INTERGROUP INC COM 636540106 7 492 SH DEFINED 0103 492 NATL MED ENTERPRISE COM 636886103 59 4230 SH DEFINED 0103 4230 NATL PRESTO IND COM 637215104 4957 103000 SH DEFINED 0128 103000 NATL PRESTO IND COM 637215104 3609 75000 SH DEFINED 0131 75000 NATL PRESTO IND COM 637215104 202 4200 SH DEFINED 0103 4200 NATIONAL RE CORP COM 637340209 1085 35000 SH DEFINED 011620 35000 NATIONAL RE CORP COM 637340209 2201 71000 SH DEFINED 01 71000 PAGE 46 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE NATL SEMICONDUCTOR COM 637640103 43 2655 SH DEFINED 0103 2655 NATL SERVICES IND COM 637657107 33 1279 SH DEFINED 0103 1279 NAT CORP HOUSING COM 637995994 100 500 SH DEFINED 01 500 NATIONS BANK COM 638585109 26950 550000 SH DEFINED 0130 550000 NATIONS BANK COM 638585109 17150 350000 SH DEFINED 0113 350000 NATIONS BANK COM 638585109 12250 250000 SH DEFINED 0124 250000 NATIONS BANK COM 638585109 833 17000 SH DEFINED 0125 17000 NATIONS BANK COM 638585109 4900 100000 SH DEFINED 0107 100000 NATIONS BANK COM 638585109 1103 22500 SH DEFINED 011620 22500 NATIONS BANK COM 638585109 41811 853274 SH DEFINED 0102 380700 472574 NATIONS BANK COM 638585109 7938 162000 SH DEFINED 0131 162000 NATIONS BANK COM 638585109 3357 68518 SH DEFINED 0103 47000 21518 NATIONS BANK COM 638585109 2715 55400 SH DEFINED 01 55400 NAVISTAR INTL CORP COM 63934E108 12 500 SH DEFINED 0125 500 NAVISTAR INTL CORP COM 63934E108 3 130 SH DEFINED 0102 130 NAVISTAR INTL CORP COM 63934E108 2548 107838 SH DEFINED 0103 107838 NELSON (THOMAS) INC COM 640376109 3031 125000 SH DEFINED 0111 125000 NETFRAME SYSTEM COM 641106109 2501 145000 SH DEFINED 0106 145000 NETFRAME SYSTEM COM 641106109 690 40000 SH DEFINED 011619 40000 NETFRAME SYSTEM COM 641106109 1811 105000 SH DEFINED 011614 105000 NETFRAME SYSTEM COM 641106109 3019 175000 SH DEFINED 0131 175000 NEW ENGLAND BUS SERV COM 643872104 3544 175000 SH DEFINED 0128 175000 NEW ENGLAND BUS SERV COM 643872104 1215 60000 SH DEFINED 0107 60000 NEW ENGLAND ELEC SYS COM 644001109 4499 115000 SH DEFINED 0132 115000 NJ NATL GAS 100 144A PREFERRED STOCK 645869207 20500 200000 SH DEFINED 0105 200000 NEW JERSEY RESOURCES COM 646025106 3881 150000 SH DEFINED 0128 150000 NEW JERSEY RESOURCES COM 646025106 7763 300000 SH DEFINED 0132 300000 NEW JERSEY RESOURCES COM 646025106 2588 100000 SH DEFINED 0107 100000 NEW JERSEY RESOURCES COM 646025106 1656 64000 SH DEFINED 01 49000 15000 NEW YORK ST EL & GAS COM 649840105 18450 600000 SH DEFINED 0113 600000 NEW YORK ST EL & GAS COM 649840105 6150 200000 SH DEFINED 0132 200000 NEW YORK TIMES CLA COM 650111107 71 2698 SH DEFINED 0103 2698 NEW BRIDGE NETWORKS COM 650901101 5475 100000 SH DEFINED 0106 100000 NEW BRIDGE NETWORKS COM 650901101 4599 84000 SH DEFINED 011614 84000 NEW BRIDGE NETWORKS COM 650901101 9401 171700 SH DEFINED 0102 171700 NEW BRIDGE NETWORKS COM 650901101 7118 130000 SH DEFINED 0131 130000 NEW BRIDGE NETWORKS COM 650901101 219 4000 SH DEFINED 0103 4000 NEWELL CO COM 651192106 79 1967 SH DEFINED 0103 1967 NEWELL CO COM 651192106 2019 50000 SH DEFINED 01 50000 NEWMONT GOLD CORP COM 651637100 184 3900 SH DEFINED 0102 3900 NEWMONT MINING COM 651639106 576 10000 SH DEFINED 0127 10000 NEWMONT MINING COM 651639106 102 1771 SH DEFINED 0103 1771 NEWS CORP LTD ADR COM 652487703 52750 1000000 SH DEFINED 0126 1000000 NEWS CORP LTD ADR COM 652487703 5275 100000 SH DEFINED 0111 100000 NEWS CORP LTD ADR COM 652487703 3693 70000 SH DEFINED 011622 70000 NEWS CORP LTD ADR COM 652487703 8440 160000 SH DEFINED 011623 160000 NEWS CORP LTD ADR COM 652487703 9822 186200 SH DEFINED 011516 186200 NEWS CORP LTD ADR COM 652487703 10550 200000 SH DEFINED 011618 200000 NEWS CORP LTD ADR COM 652487703 3 64 SH DEFINED 0102 64 NEWS CORP LTD ADR COM 652487703 12956 245600 SH DEFINED 01 245600 PAGE 47 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE NEXTEL COMMUNICATION COM 65332V103 11175 300000 SH DEFINED 011516 300000 NIAGARA MOHAWK $25 PREFERRED STOCK 65352E9A6 2003 78750 SH DEFINED 0105 78750 NIAGARA MOHAWK POWER COM 653522102 72 3540 SH DEFINED 0103 3540 NIAGARA MOHAWK POWER PREFERRED STOCK 653522821 3535 126243 SH DEFINED 0105 126243 NIAGARA MOHAWK POWER PREFERRED STOCK 653522821 336 12010 SH DEFINED 01 12010 NIAGARA MOHAWK SER C PREFERRED STOCK 653522839 1281 50000 SH DEFINED 01 50000 NIAGARA MOHAWK $25 B PREFERRED STOCK 653522847 7131 288113 SH DEFINED 0105 288113 NIAGARA MOHAWK $25 B PREFERRED STOCK 653522847 1635 66062 SH DEFINED 01 66062 NICOR COM 654086107 4900 175000 SH DEFINED 0132 175000 NICOR COM 654086107 41 1477 SH DEFINED 0103 1477 NIKE INC CL B COM 654106103 376 8100 SH DEFINED 0125 8100 NIKE INC CL B COM 654106103 51 1100 SH DEFINED 0102 1100 NIKE INC CL B COM 654106103 244 5268 SH DEFINED 0103 5268 NOISE CANCELLATION COM 655279107 2056 700000 SH DEFINED 011614 700000 NORDSON CORP COM 655663102 16125 300000 SH DEFINED 011516 300000 NORDSTROM INC COM 655664100 9900 300000 SH DEFINED 0124 300000 NORDSTROM INC COM 655664100 9900 300000 SH DEFINED 0131 300000 NORDSTROM INC COM 655664100 566 17166 SH DEFINED 0103 17166 NORFOLK SOUTHERN CO COM 655844108 345 4900 SH DEFINED 0125 4900 NORFOLK SOUTHERN CO COM 655844108 49 700 SH DEFINED 0102 700 NORFOLK SOUTHERN CO COM 655844108 391 5541 SH DEFINED 0103 5541 NORTH AMERICAN MTG C COM 657037107 12688 500000 SH DEFINED 011516 500000 NORTH AMERICAN MTG C COM 657037107 1269 50000 SH DEFINED 0131 50000 NORTH AMERICAN MTG C COM 657037107 368 14500 SH DEFINED 0103 14500 NORTHEAST UTILITIES COM 664397106 17813 750000 SH DEFINED 0113 750000 NORTHEAST UTILITIES COM 664397106 7125 300000 SH DEFINED 0132 300000 NORTHRN ST PWR CO MN COM 665772109 68 1572 SH DEFINED 0103 1572 NORTHRN TELECOM COM 665815106 7719 250000 SH DEFINED 011618 250000 NORTHRN TELECOM COM 665815106 197 6395 SH DEFINED 0103 6395 NORTHERN TRUST CORP COM 665859104 8916 225000 SH DEFINED 0108 225000 NORTHERN TRUST CORP COM 665859104 43588 1100000 SH DEFINED 011516 1100000 NORTHERN TRUST CORP COM 665859104 1 30 SH DEFINED 0102 30 NORTHROP COM 666807102 29900 800000 SH DEFINED 0130 800000 NORTHROP COM 666807102 18314 490000 SH DEFINED 0113 490000 NORTHROP COM 666807102 4298 115000 SH DEFINED 0128 115000 NORTHROP COM 666807102 4672 125000 SH DEFINED 0107 125000 NORTHROP COM 666807102 14950 400000 SH DEFINED 011516 400000 NORTHROP COM 666807102 9344 250000 SH DEFINED 011618 250000 NORTHROP COM 666807102 44 1180 SH DEFINED 0103 1180 NORTHROP COM 666807102 5884 157400 SH DEFINED 01 157400 NORWEST CORP COM 669380107 2043 83800 SH DEFINED 0126 83800 NORWEST CORP COM 669380107 9750 400000 SH DEFINED 0111 400000 NORWEST CORP COM 669380107 436 17900 SH DEFINED 011622 17900 NORWEST CORP COM 669380107 948 38900 SH DEFINED 011623 38900 NORWEST CORP COM 669380107 182 7478 SH DEFINED 0103 7478 NOVELL INC COM 670006105 2490 120000 SH DEFINED 0106 120000 NOVELL INC COM 670006105 10375 500000 SH DEFINED 0124 500000 NOVELL INC COM 670006105 830 40000 SH DEFINED 011620 40000 NOVELL INC COM 670006105 1556 75000 SH DEFINED 011614 75000 NOVELL INC COM 670006105 91 4400 SH DEFINED 0102 4400 PAGE 48 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE NOVELL INC COM 670006105 3113 150000 SH DEFINED 0131 150000 NOVELL INC COM 670006105 159 7673 SH DEFINED 0103 7673 NUCOR CORP COM 670346105 14310 270000 SH DEFINED 0108 270000 NUCOR CORP COM 670346105 21200 400000 SH DEFINED 0111 400000 NUCOR CORP COM 670346105 3180 60000 SH DEFINED 011622 60000 NUCOR CORP COM 670346105 6890 130000 SH DEFINED 011623 130000 NUCOR CORP COM 670346105 45961 867118 SH DEFINED 0102 309500 557618 NUCOR CORP COM 670346105 2230 42064 SH DEFINED 0103 39900 2164 NUCOR CORP COM 670346105 6201 117000 SH DEFINED 01 117000 NYNEX COM 670768100 6019 150000 SH DEFINED 0132 150000 NYNEX COM 670768100 426 10626 SH DEFINED 0103 10626 OEA INC COM 670826106 2838 100000 SH DEFINED 0106 100000 OEA INC COM 670826106 1703 60000 SH DEFINED 011614 60000 OEA INC COM 670826106 5394 190100 SH DEFINED 0102 190100 OEA INC COM 670826106 3121 110000 SH DEFINED 0131 110000 OEA INC COM 670826106 704 24800 SH DEFINED 0103 24800 OASIS COM 674216106 1990 80000 SH DEFINED 011618 80000 OCCIDENTAL PETROLEUM COM 674599105 18838 1100000 SH DEFINED 0130 1100000 OCCIDENTAL PETROLEUM COM 674599105 22263 1300000 SH DEFINED 0113 1300000 OCCIDENTAL PETROLEUM COM 674599105 5138 300000 SH DEFINED 0132 300000 OCCIDENTAL PETROLEUM COM 674599105 18838 1100000 SH DEFINED 0124 1100000 OCCIDENTAL PETROLEUM COM 674599105 1082 63200 SH DEFINED 0125 63200 OCCIDENTAL PETROLEUM COM 674599105 2740 160000 SH DEFINED 0107 160000 OCCIDENTAL PETROLEUM COM 674599105 302 17630 SH DEFINED 0102 17630 OCCIDENTAL PETROLEUM COM 674599105 6850 400000 SH DEFINED 0131 400000 OCCIDENTAL PETROLEUM COM 674599105 864 50471 SH DEFINED 0103 50471 OCCID PETRO 144A $50 CONV PFD STOCK 674599824 2112 41000 SH DEFINED 0129 41000 OCCID PETRO 144A $50 CONV PFD STOCK 674599824 2833 55000 SH DEFINED 0104 55000 OCCID PETRO 144A $50 CONV PFD STOCK 674599824 1700 33000 SH DEFINED 0109 33000 OCCID PETRO 144A $50 CONV PFD STOCK 674599824 1597 31000 SH DEFINED 011621 31000 OCCID PETRO 144A $50 CONV PFD STOCK 674599824 721 14000 SH DEFINED 0131 14000 OCEANEERING INT'L COM 675232102 3406 250000 SH DEFINED 0108 250000 OCEANEERING INT'L COM 675232102 4242 311300 SH DEFINED 0102 311300 OCEANEERING INT'L COM 675232102 84 6200 SH DEFINED 0103 6200 OCTUS INC COM 675742209 585 65000 SH DEFINED 0106 65000 OCTUS INC COM 675742209 315 35000 SH DEFINED 011614 35000 OFFICE DEP PUT 11/00 CONV BOND 676220AB2 1438 2500000 PRN DEFINED 0104 2500000 OFFICE DEPOT INC COM 676220106 26900 800000 SH DEFINED 0126 800000 OFFICE DEPOT INC COM 676220106 16813 500000 SH DEFINED 0111 500000 OFFICE DEPOT INC COM 676220106 3026 90000 SH DEFINED 011622 90000 OFFICE DEPOT INC COM 676220106 6725 200000 SH DEFINED 011623 200000 OFFICE DEPOT INC COM 676220106 13450 400000 SH DEFINED 011516 400000 OFFICE DEPOT INC COM 676220106 1674 49815 SH DEFINED 0102 49815 OFFICE DEPOT INC COM 676220106 3699 110000 SH DEFINED 0131 110000 OFFICE DEPOT INC COM 676220106 4088 121582 SH DEFINED 0103 121582 OGDEN CORP COM 676346109 25 1081 SH DEFINED 0103 1081 OGF ORD COM 676400997 735 6400 SH DEFINED 0131 6400 OGF ORD COM 676400997 34 300 SH DEFINED 0103 300 OHIO CASUALTY CORP COM 677240103 12750 200000 SH DEFINED 0113 200000 OHIO EDISON COM 677347106 90 3935 SH DEFINED 0103 3935 PAGE 49 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE OLIN COM 680665205 19750 400000 SH DEFINED 0113 400000 OLIN COM 680665205 3703 75000 SH DEFINED 0107 75000 OLIN COM 680665205 7979 161600 SH DEFINED 0131 161600 OLIN COM 680665205 494 10000 SH DEFINED 0103 10000 OLSTEN CORP COM 681385100 19094 650000 SH DEFINED 0126 650000 OLSTEN CORP COM 681385100 17320 589600 SH DEFINED 0111 589600 OLSTEN CORP COM 681385100 9694 330000 SH DEFINED 011618 330000 OLSTEN CORP COM 681385100 12717 432900 SH DEFINED 0102 432900 OLSTEN CORP COM 681385100 206 7000 SH DEFINED 0103 7000 OMNICOM GROUP 144A CONV BOND 681919AB2 3173 3000000 PRN DEFINED 0104 3000000 OMNICOM GROUP 144A CONV BOND 681919AB2 2115 2000000 PRN DEFINED 011621 2000000 OMNICOM GROUP 144A CONV BOND 681919AB2 1586 1500000 PRN DEFINED 0131 1500000 OMEGA HEALTH CARE COM 681936100 3788 150000 SH DEFINED 0132 150000 ONEOK INC COM 682678107 13 688 SH DEFINED 0103 688 ORACLE SYSTEMS CORP COM 68389X105 57500 2000000 SH DEFINED 0126 2000000 ORACLE SYSTEMS CORP COM 68389X105 12075 420000 SH DEFINED 0106 420000 ORACLE SYSTEMS CORP COM 68389X105 28750 1000000 SH DEFINED 0111 1000000 ORACLE SYSTEMS CORP COM 68389X105 4313 150000 SH DEFINED 011622 150000 ORACLE SYSTEMS CORP COM 68389X105 9660 336000 SH DEFINED 011623 336000 ORACLE SYSTEMS CORP COM 68389X105 9919 345000 SH DEFINED 011614 345000 ORACLE SYSTEMS CORP COM 68389X105 174 6000 SH DEFINED 0102 6000 ORACLE SYSTEMS CORP COM 68389X105 17250 600000 SH DEFINED 0131 600000 ORACLE SYSTEMS CORP COM 68389X105 208 7218 SH DEFINED 0103 7218 ORANGE ROCKLAND$100 PREFERRED STOCK 6848679A4 2686 26171 SH DEFINED 0105 26171 OREGON STEEL MLS INC COM 686079104 12563 500000 SH DEFINED 0124 500000 ORYX ENERGY CO COM 68763F100 576 33400 SH DEFINED 0125 33400 ORYX ENERGY CO COM 68763F100 79 4600 SH DEFINED 0102 4600 ORYX ENERGY CO COM 68763F100 277 16059 SH DEFINED 0103 16059 OSHKOSH B-GOSH CLA COM 688222207 8 394 SH DEFINED 0103 394 OUTBACK STEAKHOUSE COM 689899102 3454 90000 SH DEFINED 0106 90000 OUTBACK STEAKHOUSE COM 689899102 2686 70000 SH DEFINED 011614 70000 OUTBACK STEAKHOUSE COM 689899102 7318 190700 SH DEFINED 0102 190700 OUTBACK STEAKHOUSE COM 689899102 130 3400 SH DEFINED 0103 3400 OUTBOARD MARINE COM 690020102 11 491 SH DEFINED 0103 491 OWENS CORNIG FIB NEW COM 690734207 48 1082 SH DEFINED 0103 1082 PLC SYSTEMS COM 69341D104 1344 250000 SH DEFINED 0106 250000 PLC SYSTEMS COM 69341D104 806 150000 SH DEFINED 011614 150000 PNC FINL CORP COM 693475105 17400 600000 SH DEFINED 0113 600000 PNC FINL CORP COM 693475105 412 14200 SH DEFINED 0125 14200 PNC FINL CORP COM 693475105 58 2000 SH DEFINED 0102 2000 PNC FINL CORP COM 693475105 345 11902 SH DEFINED 0103 11902 PPG INDUSTRIES INC COM 693506107 201 2655 SH DEFINED 0103 2655 PG PARTNERS WARRANTS COM 693625998 0 42418 SH DEFINED 0109 42418 PSI ENERGY 7.15 PFD PREFERRED STOCK 693627507 764 8000 SH DEFINED 0116 8000 PSI RESOURCES INC COM 693632101 19 700 SH DEFINED 0102 700 PSI RESOURCES INC COM 693632101 36 1376 SH DEFINED 0103 1376 PACCAR INC COM 693718108 18375 300000 SH DEFINED 0111 300000 PACCAR INC COM 693718108 111 1800 SH DEFINED 0102 1800 PACCAR INC COM 693718108 54 886 SH DEFINED 0103 886 PACIFIC ENTERPRISES COM 694232109 49 2065 SH DEFINED 0103 2065 PAGE 50 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE PACIFIC GAS & ELEC COM 694308107 99 2800 SH DEFINED 0102 2800 PACIFIC GAS & ELEC COM 694308107 387 11018 SH DEFINED 0103 11018 PACIFIC GAS & ELEC PREFERRED STOCK 694308693 13584 525000 SH DEFINED 0105 525000 PACIFIC TELESIS COM 694890104 27000 500000 SH DEFINED 0130 500000 PACIFIC TELESIS COM 694890104 9450 175000 SH DEFINED 0108 175000 PACIFIC TELESIS COM 694890104 54000 1000000 SH DEFINED 0126 1000000 PACIFIC TELESIS COM 694890104 16200 300000 SH DEFINED 0132 300000 PACIFIC TELESIS COM 694890104 10800 200000 SH DEFINED 0124 200000 PACIFIC TELESIS COM 694890104 4050 75000 SH DEFINED 0125 75000 PACIFIC TELESIS COM 694890104 4050 75000 SH DEFINED 0107 75000 PACIFIC TELESIS COM 694890104 3780 70000 SH DEFINED 011622 70000 PACIFIC TELESIS COM 694890104 8586 159000 SH DEFINED 011623 159000 PACIFIC TELESIS COM 694890104 148082 2742248 SH DEFINED 0102 925100 1817148 PACIFIC TELESIS COM 694890104 12150 225000 SH DEFINED 0131 225000 PACIFIC TELESIS COM 694890104 9060 167772 SH DEFINED 0103 114900 52872 PACIFIC TELESIS COM 694890104 9839 182200 SH DEFINED 01 182200 PACIFICARE HEALTHCLB COM 695110205 5568 147500 SH DEFINED 011618 147500 PACIFICORP COM 695114108 7700 400000 SH DEFINED 0132 400000 PACIFICORP COM 695114108 133 6885 SH DEFINED 0103 6885 PACIFICORP $100 PAR PREFERRED STOCK 695114678 16463 150000 SH DEFINED 0105 150000 PACIFICORP $100 PAR PREFERRED STOCK 695114678 9493 86500 SH DEFINED 0116 86500 PACIFICORP $100 PAR PREFERRED STOCK 695114678 1098 10000 SH DEFINED 0116 10000 PAINE WEBBER COM 695629105 7425 275000 SH DEFINED 0108 275000 PAINEWEBBER MASTER COM 695910885 1 118 SH DEFINED 01 118 PALL CORP COM 696429307 8269 450001 SH DEFINED 0108 450001 PALL CORP COM 696429307 56 3050 SH DEFINED 0103 3050 PANHANDLE EASTERN COM 698462108 70 2950 SH DEFINED 0103 2950 PARAMETRIC TECH CORP COM 699173100 6781 175000 SH DEFINED 0108 175000 PARAMETRIC TECH CORP COM 699173100 13175 340000 SH DEFINED 0126 340000 PARAMETRIC TECH CORP COM 699173100 9688 250000 SH DEFINED 0106 250000 PARAMETRIC TECH CORP COM 699173100 659 17000 SH DEFINED 011619 17000 PARAMETRIC TECH CORP COM 699173100 7363 190000 SH DEFINED 011614 190000 PARAMETRIC TECH CORP COM 699173100 25560 659600 SH DEFINED 0102 659600 PARAMETRIC TECH CORP COM 699173100 12400 320000 SH DEFINED 0131 320000 PARAMETRIC TECH CORP COM 699173100 446 11500 SH DEFINED 0103 11500 PARAMOUNT COMMUNICAT COM 699216107 30950 400000 SH DEFINED 0126 400000 PARAMOUNT COMMUNICAT COM 699216107 495 6400 SH DEFINED 0125 6400 PARAMOUNT COMMUNICAT COM 699216107 15475 200000 SH DEFINED 011516 200000 PARAMOUNT COMMUNICAT COM 699216107 15475 200000 SH DEFINED 011618 200000 PARAMOUNT COMMUNICAT COM 699216107 70 900 SH DEFINED 0102 900 PARAMOUNT COMMUNICAT COM 699216107 193 2500 SH DEFINED 0103 2500 PARKER & PARSLEY PET COM 701018103 3094 125000 SH DEFINED 0124 125000 PARKER & PARSLEY PET COM 701018103 495 20000 SH DEFINED 011619 20000 PARKER & PARSLEY PET COM 701018103 1238 50000 SH DEFINED 011620 50000 PARKER & PARSLEY PET COM 701018103 3755 151700 SH DEFINED 01 151700 PARKER-HANNIFIN COM 701094104 48 1279 SH DEFINED 0103 1279 PAYCHEX INC COM 704326107 3150 90000 SH DEFINED 0106 90000 PAYCHEX INC COM 704326107 1838 52500 SH DEFINED 011614 52500 PAYCHEX INC COM 704326107 12020 343375 SH DEFINED 0102 343375 PAYCHEX INC COM 704326107 2100 60000 SH DEFINED 0131 60000 PAGE 51 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE PAYCHEX INC COM 704326107 959 27400 SH DEFINED 0103 27400 PENNEY J C COM 708160106 36663 700000 SH DEFINED 0126 700000 PENNEY J C COM 708160106 168 3200 SH DEFINED 0125 3200 PENNEY J C COM 708160106 5238 100000 SH DEFINED 0107 100000 PENNEY J C COM 708160106 3247 62000 SH DEFINED 011622 62000 PENNEY J C COM 708160106 7333 140000 SH DEFINED 011623 140000 PENNEY J C COM 708160106 21 400 SH DEFINED 0102 400 PENNEY J C COM 708160106 7856 150000 SH DEFINED 0131 150000 PENNEY J C COM 708160106 749 14300 SH DEFINED 0103 14300 PENNEY J C COM 708160106 1514 28900 SH DEFINED 01 28900 PENN GAS & WTR $100 PREFERRED STOCK 708747PP9 4119 40000 SH DEFINED 0105 40000 PENN PWR & LT $100 PREFERRED STOCK 709051742 14200 141649 SH DEFINED 0105 141649 PENN PWR & LT $100 PREFERRED STOCK 709051742 1164 11609 SH DEFINED 0116 11609 PENNZOIL COM 709903108 3994 75000 SH DEFINED 0107 75000 PENNZOIL COM 709903108 58 1083 SH DEFINED 0103 1083 PEOPLES ENERGY CORP COM 711030106 3245 106400 SH DEFINED 0132 106400 PEOPLES ENERGY CORP COM 711030106 27 885 SH DEFINED 0103 885 PEP BOYS MANNY MOE & COM 713278109 12469 475000 SH DEFINED 0108 475000 PEP BOYS MANNY MOE & COM 713278109 1313 50000 SH DEFINED 011618 50000 PEP BOYS MANNY MOE & COM 713278109 76 2900 SH DEFINED 0102 2900 PEP BOYS MANNY MOE & COM 713278109 5250 200000 SH DEFINED 0131 200000 PEP BOYS MANNY MOE & COM 713278109 1414 53874 SH DEFINED 0103 43300 10574 PEPSICO COM 713448108 10219 250000 SH DEFINED 0130 250000 PEPSICO COM 713448108 5199 127200 SH DEFINED 0125 127200 PEPSICO COM 713448108 7507 183648 SH DEFINED 0102 39300 144348 PEPSICO COM 713448108 2934 71791 SH DEFINED 0103 71791 PEPSICO COM 713448108 12872 314900 SH DEFINED 01 314900 PERFORMANCE FOOD COM 713755106 1372 56000 SH DEFINED 0106 56000 PERFORMANCE FOOD COM 713755106 882 36000 SH DEFINED 011614 36000 PERKIN ELMER COM 714041100 42 1082 SH DEFINED 0103 1082 PET INC COM 715825105 8750 500000 SH DEFINED 011516 500000 PET INC COM 715825105 48 2755 SH DEFINED 0103 2755 PETROLEUM GEO SERV COM 716597109 11638 350000 SH DEFINED 011516 350000 PETSMART COM 716768106 1908 70000 SH DEFINED 0106 70000 PETSMART COM 716768106 681 25000 SH DEFINED 011619 25000 PETSMART COM 716768106 2453 90000 SH DEFINED 011614 90000 PFIZER COM 717081103 24150 350000 SH DEFINED 0124 350000 PFIZER COM 717081103 5596 81100 SH DEFINED 0125 81100 PFIZER COM 717081103 106667 1545856 SH DEFINED 0102 604500 941356 PFIZER COM 717081103 6900 100000 SH DEFINED 0131 100000 PFIZER COM 717081103 7726 111979 SH DEFINED 0103 70900 41079 PFIZER COM 717081103 428 6200 SH DEFINED 01 6200 PHELPS DODGE COM 717265102 4875 100000 SH DEFINED 0107 100000 PHELPS DODGE COM 717265102 114921 2357264 SH DEFINED 0102 973600 1383664 PHELPS DODGE COM 717265102 4921 100970 SH DEFINED 0103 99200 1770 PHELPS DODGE COM 717265102 3364 69000 SH DEFINED 01 69000 PHILADELPHIA ELEC COM 717537104 12 400 SH DEFINED 0102 400 PHILADELPHIA ELEC COM 717537104 173 5706 SH DEFINED 0103 5706 PHILIP MORRIS COM 718154107 2788 50000 SH DEFINED 0107 50000 PHILIP MORRIS COM 718154107 22300 400000 SH DEFINED 011516 400000 PAGE 52 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE PHILIP MORRIS COM 718154107 1243 22297 SH DEFINED 0103 22297 PHILIP MORRIS COM 718154107 2682 48100 SH DEFINED 01 48100 PHILIPPINE LD144A$25 CONV PFD STOCK 718252505 3168 70000 SH DEFINED 0132 70000 PHILLIPS PETROLEUM COM 718507106 734 25300 SH DEFINED 0125 25300 PHILLIPS PETROLEUM COM 718507106 102 3500 SH DEFINED 0102 3500 PHILLIPS PETROLEUM COM 718507106 493 16990 SH DEFINED 0103 16990 PHILLIPS-VAN HEUSEN COM 718592108 8250 220000 SH DEFINED 0106 220000 PHILLIPS-VAN HEUSEN COM 718592108 4973 132600 SH DEFINED 011614 132600 PHILLIPS-VAN HEUSEN COM 718592108 18088 482300 SH DEFINED 0102 482300 PHILLIPS-VAN HEUSEN COM 718592108 9375 250000 SH DEFINED 0131 250000 PHILLIPS-VAN HEUSEN COM 718592108 341 9100 SH DEFINED 0103 9100 PHYCOR COM 71940F100 1581 55000 SH DEFINED 0106 55000 PHYCOR COM 71940F100 7188 250000 SH DEFINED 011516 250000 PHYCOR COM 71940F100 1294 45000 SH DEFINED 011614 45000 PHYSICIAN CORP AMERI COM 71940P108 1000 40000 SH DEFINED 011620 40000 PIEDMONT NATURAL GAS COM 720186105 4050 200000 SH DEFINED 0132 200000 PIER ONE IMPORTS INC COM 720279108 72 7400 SH DEFINED 0102 7400 PIER ONE IMPORTS INC COM 720279108 985 101000 SH DEFINED 0103 101000 PIONEER HI-BRED COM 723686101 96 2450 SH DEFINED 0103 2450 PITNEY BOWES COM 724479100 20688 500000 SH DEFINED 0130 500000 PITNEY BOWES COM 724479100 24825 600000 SH DEFINED 0124 600000 PITNEY BOWES COM 724479100 3331 80500 SH DEFINED 0125 80500 PITNEY BOWES COM 724479100 12413 300000 SH DEFINED 011618 300000 PITNEY BOWES COM 724479100 459 11100 SH DEFINED 0102 11100 PITNEY BOWES COM 724479100 8275 200000 SH DEFINED 0131 200000 PITNEY BOWES COM 724479100 1896 45834 SH DEFINED 0103 45834 PITNEY BOWES COM 724479100 9760 235900 SH DEFINED 01 235900 PITTSTON SERVICES GP COM 725701106 51176 1772336 SH DEFINED 0103 1771453 883 PITTSTON MINERALS GP COM 725701205 8523 356981 SH DEFINED 0103 356981 PLACER DOME INC COM 725906101 4975 200000 SH DEFINED 0127 200000 PLACER DOME INC COM 725906101 1729 69500 SH DEFINED 0125 69500 PLACER DOME INC COM 725906101 236 9500 SH DEFINED 0102 9500 PLACER DOME INC COM 725906101 851 34200 SH DEFINED 0103 34200 PLACER DOME INC COM 725906101 70 2800 SH DEFINED 01 2800 POLAROID COM 731095105 6750 200000 SH DEFINED 0124 200000 POLAROID COM 731095105 40 1180 SH DEFINED 0103 1180 POST PROPERTIES COM 737464107 1845 60000 SH DEFINED 011618 60000 POTLATCH CORP COM 737628107 20579 436700 SH DEFINED 0113 436700 POTLATCH CORP COM 737628107 32 687 SH DEFINED 0103 687 POWERSOFT COM 73935T103 3883 95300 SH DEFINED 0106 95300 POWERSOFT COM 73935T103 3056 75000 SH DEFINED 011614 75000 POWERSOFT COM 73935T103 7780 190900 SH DEFINED 0102 190900 POWERSOFT COM 73935T103 5155 126500 SH DEFINED 0131 126500 POWERSOFT COM 73935T103 134 3300 SH DEFINED 0103 3300 PRAXAIR COM 74005P104 56 3344 SH DEFINED 0103 3344 PREMARK INTL INC COM 740459102 1286 16028 SH DEFINED 0102 16028 PREMARK INTL INC COM 740459102 71 886 SH DEFINED 0103 886 PREMARK INTL INC COM 740459102 803 10000 SH DEFINED 01 10000 PRESIDENT RIVERBOAT COM 740848106 2970 135000 SH DEFINED 0106 135000 PRESIDENT RIVERBOAT COM 740848106 2420 110000 SH DEFINED 011614 110000 PAGE 53 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE PRESIDENT RIVERBOAT COM 740848106 7816 355200 SH DEFINED 0102 355200 PRESIDENT RIVERBOAT COM 740848106 3960 180000 SH DEFINED 0131 180000 PRESIDENT RIVERBOAT COM 740848106 99 4500 SH DEFINED 0103 4500 PRICE COSTCO COM 74143W102 2888 150000 SH DEFINED 011618 150000 PRICE COSTCO COM 74143W102 106 5509 SH DEFINED 0103 5509 PRICE CLUB REIT COM 74147T105 2764 94500 SH DEFINED 0132 94500 PRIMERICA NEW COM 741589105 34988 900000 SH DEFINED 0126 900000 PRIMERICA NEW COM 741589105 11663 300000 SH DEFINED 0111 300000 PRIMERICA NEW COM 741589105 3110 80000 SH DEFINED 011622 80000 PRIMERICA NEW COM 741589105 6998 180000 SH DEFINED 011623 180000 PRIMERICA NEW COM 741589105 16328 420000 SH DEFINED 011618 420000 PRIMERICA NEW COM 741589105 8881 228377 SH DEFINED 0102 88366 140011 PRIMERICA NEW COM 741589105 5831 150000 SH DEFINED 0131 150000 PRIMERICA NEW COM 741589105 971 24949 SH DEFINED 0103 17766 7183 PRIMERICA NEW COM 741589105 3145 80911 SH DEFINED 01 80911 PROCTER & GAMBLE COM 742718109 8550 150000 SH DEFINED 0108 150000 PROCTER & GAMBLE COM 742718109 6053 106200 SH DEFINED 0125 106200 PROCTER & GAMBLE COM 742718109 14250 250000 SH DEFINED 011516 250000 PROCTER & GAMBLE COM 742718109 25103 440385 SH DEFINED 0102 202900 237485 PROCTER & GAMBLE COM 742718109 9975 175000 SH DEFINED 0131 175000 PROCTER & GAMBLE COM 742718109 3929 68935 SH DEFINED 0103 68935 PROCTER & GAMBLE COM 742718109 2120 37200 SH DEFINED 01 37200 PRODUCTION OPERATORS COM 743080103 4031 150000 SH DEFINED 0128 150000 PRODUCTION OPERATORS COM 743080103 1075 40000 SH DEFINED 011620 40000 PROGRESS SOFTWARE CO COM 743312100 1094 25000 SH DEFINED 011620 25000 PROGRESSIVE CORP OH COM 743315103 5063 125000 SH DEFINED 0106 125000 PROGRESSIVE CORP OH COM 743315103 1013 25000 SH DEFINED 011620 25000 PROGRESSIVE CORP OH COM 743315103 4050 100000 SH DEFINED 011614 100000 PROGRESSIVE CORP OH COM 743315103 6278 155000 SH DEFINED 0131 155000 PROMUS INC COM 74342A109 68625 1500000 SH DEFINED 0126 1500000 PROMUS INC COM 74342A109 201 4400 SH DEFINED 0125 4400 PROMUS INC COM 74342A109 5033 110000 SH DEFINED 011622 110000 PROMUS INC COM 74342A109 11438 250000 SH DEFINED 011623 250000 PROMUS INC COM 74342A109 824 18000 SH DEFINED 011619 18000 PROMUS INC COM 74342A109 30 675 SH DEFINED 0102 675 PROMUS INC COM 74342A109 204 4456 SH DEFINED 0103 4456 PROPERTY TR AMER $25 CONV PFD STOCK 743445207 2800 100000 SH DEFINED 0104 100000 PROPERTY TR AMER $25 CONV PFD STOCK 743445207 1960 70000 SH DEFINED 011621 70000 PROPERTY TR AMER $25 CONV PFD STOCK 743445207 840 30000 SH DEFINED 0131 30000 PROTOCOL SYSTEMS INC COM 74371R106 753 70000 SH DEFINED 011619 70000 PRUDENTIAL MUTAL FD COM 743911208 1 148 SH DEFINED 01 148 PUBLIC SERV CO COLO COM 744448101 9638 300000 SH DEFINED 0132 300000 PUB SERV ENTERPRISES COM 744573106 21600 675000 SH DEFINED 0113 675000 PUB SERV ENTERPRISES COM 744573106 9280 290000 SH DEFINED 0132 290000 PUB SERV ENTERPRISES COM 744573106 554 17300 SH DEFINED 0125 17300 PUB SERV ENTERPRISES COM 744573106 80 2500 SH DEFINED 0102 2500 PUB SERV ENTERPRISES COM 744573106 428 13398 SH DEFINED 0103 13398 PULASKI FURNITURE CO COM 745553107 3713 150000 SH DEFINED 0107 150000 PULTE CORP. COM 745867101 25 688 SH DEFINED 0103 688 PURITAN BENNETT COM 746299106 10368 658314 SH DEFINED 0103 658314 PAGE 54 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE PURITY SUPREME WRTS WARRANT 746356997 0 13862 SH DEFINED 0104 13862 PURITY SUPREME WRTS WARRANT 746356997 0 8664 SH DEFINED 011621 8664 PURUS COM 746400100 99 7600 SH DEFINED 0106 7600 PURUS COM 746400100 1300 100000 SH DEFINED 0107 100000 PURUS COM 746400100 73 5600 SH DEFINED 011614 5600 PURUS COM 746400100 129 9900 SH DEFINED 0131 9900 PUTNAM HLTH SC FD-A COM 746778109 15 567 SH DEFINED 0102 567 PUTNAM HIGH YIELD COM 74678J104 2 168 SH DEFINED 01 168 QVC NETWORK COM 747262103 8831 225000 SH DEFINED 0111 225000 QVC NETWORK COM 747262103 72 1800 SH DEFINED 0102 1800 QUAKER OATS COM 747402105 126 1769 SH DEFINED 0103 1769 QUICKTURN COM 74838E102 189 15100 SH DEFINED 0106 15100 QUICKTURN COM 74838E102 151 12100 SH DEFINED 011614 12100 RFS HOTEL COM 74955J108 2766 187500 SH DEFINED 0128 187500 RFS HOTEL COM 74955J108 1475 100000 SH DEFINED 0107 100000 RFS HOTEL COM 74955J108 885 60000 SH DEFINED 011619 60000 RFS HOTEL COM 74955J108 1106 75000 SH DEFINED 011620 75000 RJR NABISCO COM 74960K108 5738 900000 SH DEFINED 011516 900000 RJR NABISCO CVT CONV PFD STOCK 74960K405 4900 700000 SH DEFINED 0107 700000 RJR NABISCO CVT CONV PFD STOCK 74960K405 7000 1000000 SH DEFINED 011516 1000000 RJR NABISCO CVT CONV PFD STOCK 74960K405 1215 173500 SH DEFINED 01 173500 ROC COMMUNITIES COM 749650107 1622 75000 SH DEFINED 011618 75000 RALSTON PURINA GP COM 751277302 11925 300000 SH DEFINED 011516 300000 RALSTON PURINA GP COM 751277302 106 2656 SH DEFINED 0103 2656 RAMSAY HMO INC COM 751581109 1136 30000 SH DEFINED 011620 30000 RAYCHEM COM 754603108 5625 150000 SH DEFINED 0124 150000 RAYCHEM COM 754603108 8722 232510 SH DEFINED 0102 95000 137510 RAYCHEM COM 754603108 926 24682 SH DEFINED 0103 23600 1082 RAYCHEM COM 754603108 3038 81000 SH DEFINED 01 81000 RAYMOND JAMES FIN COM 754730109 4988 300000 SH DEFINED 0111 300000 RE CAPITAL CORP CONV BOND 754904AA8 2040 2000000 PRN DEFINED 0104 2000000 RAYTHEON COM 755111101 2739 41500 SH DEFINED 0125 41500 RAYTHEON COM 755111101 376 5700 SH DEFINED 0102 5700 RAYTHEON COM 755111101 6785 102800 SH DEFINED 0131 102800 RAYTHEON COM 755111101 1633 24743 SH DEFINED 0103 24743 RAYTHEON COM 755111101 33 500 SH DEFINED 01 500 READERS DIGEST ASSN COM 755267101 18000 400000 SH DEFINED 0130 400000 READERS DIGEST ASSN COM 755267101 54000 1200000 SH DEFINED 011516 1200000 READERS DIGEST ASSN COM 755267101 41 900 SH DEFINED 0102 900 READERS DIGEST ASSN COM 755267101 378 8400 SH DEFINED 0103 8400 READING & BATES $25 CONV PFD STOCK 755281888 2550 100000 SH DEFINED 0107 100000 REEBOK INTERNATIONAL COM 758110100 159 5300 SH DEFINED 0125 5300 REEBOK INTERNATIONAL COM 758110100 21 700 SH DEFINED 0102 700 REEBOK INTERNATIONAL COM 758110100 134 4462 SH DEFINED 0103 4462 REGIONAL ACCEPTANCE COM 758935100 945 70000 SH DEFINED 011619 70000 REGENCY REALTY COM 758939102 3325 200000 SH DEFINED 0132 200000 REGENCY REALTY COM 758939102 1534 92300 SH DEFINED 0107 92300 REINSURANCE GP OF AM COM 759351109 1287 46600 SH DEFINED 0131 46600 RELIANCE GP HDS WRTS WARRANT 759464118 833 277791 SH DEFINED 0109 277791 RENAL TREATMENT CTR COM 759671100 1128 55000 SH DEFINED 011619 55000 PAGE 55 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE REPSOL S.A. ADR COM 76026T205 23156 750000 SH DEFINED 0130 750000 REPSOL S.A. ADR COM 76026T205 10806 350000 SH DEFINED 0113 350000 REPSOL S.A. ADR COM 76026T205 15438 500000 SH DEFINED 0124 500000 REPSOL S.A. ADR COM 76026T205 6175 200000 SH DEFINED 0131 200000 REPSOL S.A. ADR COM 76026T205 309 10000 SH DEFINED 0103 10000 REPUBLIC NY COM 760719104 17531 375000 SH DEFINED 0113 375000 REUTERS HLDS PLC ADR COM 761324201 2370 30000 SH DEFINED 01 30000 REYNOLDS & REYNOLDS COM 761695105 30113 660000 SH DEFINED 0126 660000 REYNOLDS METALS COM 761763101 295 6500 SH DEFINED 0102 6500 REYNOLDS METALS COM 761763101 71 1574 SH DEFINED 0103 1574 REYNOLDS METALS COM 761763101 1588 35000 SH DEFINED 01 35000 RHONE POULENC RORER COM 76242T104 37692 1032658 SH DEFINED 0103 1032658 RIO HOTEL & CASINO I COM 767147101 3360 210000 SH DEFINED 0106 210000 RIO HOTEL & CASINO I COM 767147101 2400 150000 SH DEFINED 011619 150000 RIO HOTEL & CASINO I COM 767147101 2880 180000 SH DEFINED 011614 180000 RIO HOTEL & CASINO I COM 767147101 11293 705800 SH DEFINED 0102 705800 RIO HOTEL & CASINO I COM 767147101 2400 150000 SH DEFINED 0131 150000 RIO HOTEL & CASINO I COM 767147101 219 13700 SH DEFINED 0103 13700 RITE AID COM 767754104 21431 1350000 SH DEFINED 0113 1350000 RITE AID COM 767754104 5239 330000 SH DEFINED 0128 330000 RITE AID COM 767754104 375 23600 SH DEFINED 0125 23600 RITE AID COM 767754104 51 3200 SH DEFINED 0102 3200 RITE AID COM 767754104 188 11863 SH DEFINED 0103 11863 RIVERWOOD INT'L CVT CONV BOND 769507AF1 2763 2500000 PRN DEFINED 0104 2500000 RIVERWOOD INT'L CVT CONV BOND 769507AF1 1658 1500000 PRN DEFINED 011621 1500000 RIVERWOOD INT'L CVT CONV BOND 769507AF1 1105 1000000 PRN DEFINED 0131 1000000 RIVERWOOD INTL COM 769507104 1839 109794 SH DEFINED 0103 109794 ROADWAY SERVICES COM 769748104 65 1083 SH DEFINED 0103 1083 ROANOKE GAS CO COM 769858101 6 180 SH DEFINED 0102 180 ROBERTS PHARMACEUTIC COM 770491108 477 12000 SH DEFINED 011619 12000 ROBOTIC VISION SERV COM 771074101 1024 195000 SH DEFINED 0106 195000 ROCHESTER GAS & ELEC COM 771367109 5250 200000 SH DEFINED 0132 200000 ROCKWELL INT CORP COM 774347108 2706 72900 SH DEFINED 0125 72900 ROCKWELL INT CORP COM 774347108 371 10000 SH DEFINED 0102 10000 ROCKWELL INT CORP COM 774347108 1307 35208 SH DEFINED 0103 35208 ROCKWELL INT CORP COM 774347108 33 900 SH DEFINED 01 900 ROGERS COM LY PUT/98 CONV BOND 775109AD3 9184 23250000 PRN DEFINED 0130 23250000 ROGERS COM LY PUT/98 CONV BOND 775109AD3 11850 30000000 PRN DEFINED 011516 30000000 ROGERS COM LY PUT/98 CONV BOND 775109AD3 2370 6000000 PRN DEFINED 0131 6000000 ROHM & HAAS CO COM 775371107 5950 100000 SH DEFINED 0124 100000 ROHM & HAAS CO COM 775371107 105 1771 SH DEFINED 0103 1771 ROLLINS ENVIRON SERV COM 775709108 9 1575 SH DEFINED 0103 1575 ROLLINS TRUCK LEASIN COM 775741101 1052 55000 SH DEFINED 011620 55000 ROWAN COMPANIES INC COM 779382100 8100 900000 SH DEFINED 0108 900000 ROWAN COMPANIES INC COM 779382100 283 31400 SH DEFINED 0125 31400 ROWAN COMPANIES INC COM 779382100 39 4300 SH DEFINED 0102 4300 ROWAN COMPANIES INC COM 779382100 134 14865 SH DEFINED 0103 14865 PRICE ROWE INT'L FD COM 77956H203 3 275 SH DEFINED 01 275 ROYAL DUTCH PETE NEW COM 780257705 28703 275000 SH DEFINED 0130 275000 ROYAL DUTCH PETE NEW COM 780257705 41750 400000 SH DEFINED 0126 400000 PAGE 56 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE ROYAL DUTCH PETE NEW COM 780257705 20875 200000 SH DEFINED 0113 200000 ROYAL DUTCH PETE NEW COM 780257705 10438 100000 SH DEFINED 0124 100000 ROYAL DUTCH PETE NEW COM 780257705 8183 78400 SH DEFINED 0125 78400 ROYAL DUTCH PETE NEW COM 780257705 2088 20000 SH DEFINED 0107 20000 ROYAL DUTCH PETE NEW COM 780257705 12525 120000 SH DEFINED 011618 120000 ROYAL DUTCH PETE NEW COM 780257705 38962 373315 SH DEFINED 0102 119150 254165 ROYAL DUTCH PETE NEW COM 780257705 11481 110000 SH DEFINED 0131 110000 ROYAL DUTCH PETE NEW COM 780257705 5327 51037 SH DEFINED 0103 51037 ROYAL DUTCH PETE NEW COM 780257705 5918 56700 SH DEFINED 01 56700 RUBBERMAID COM 781088109 13031 375000 SH DEFINED 0108 375000 RUBBERMAID COM 781088109 20850 600000 SH DEFINED 011516 600000 RUBBERMAID COM 781088109 24319 699765 SH DEFINED 0102 341300 358465 RUBBERMAID COM 781088109 530 15232 SH DEFINED 0103 11100 4132 RUBBERMAID COM 781088109 1390 40000 SH DEFINED 01 40000 RUSSELL CORP COM 782352108 31 1083 SH DEFINED 0103 1083 RYANS FAMILY STEAK COM 783519101 6300 700000 SH DEFINED 0128 700000 RYANS FAMILY STEAK COM 783519101 4500 500000 SH DEFINED 0131 500000 RYANS FAMILY STEAK COM 783519101 12 1377 SH DEFINED 0103 1377 RYDER SYSTEM COM 783549108 52 1968 SH DEFINED 0103 1968 SCE CORP COM 783882103 230 11511 SH DEFINED 0103 11511 SCOR U.S. 144A CONV BOND 784027AB0 2350 2500000 PRN DEFINED 0104 2500000 SCOR U.S. 144A CONV BOND 784027AB0 1410 1500000 PRN DEFINED 011621 1500000 SCOR U.S. 144A CONV BOND 784027AB0 940 1000000 PRN DEFINED 0131 1000000 SHL SYSTEMHOUSE INC COM 78424R104 1813 250000 SH DEFINED 0106 250000 SHL SYSTEMHOUSE INC COM 78424R104 798 110000 SH DEFINED 011614 110000 SPX CORP COM 784635104 7 394 SH DEFINED 0103 394 SAFECO CORP COM 786429100 6875 125000 SH DEFINED 0108 125000 SAFECO CORP COM 786429100 57423 1043817 SH DEFINED 0102 360800 683017 SAFECO CORP COM 786429100 2282 41474 SH DEFINED 0103 39900 1574 SAFECO CORP COM 786429100 8360 152000 SH DEFINED 01 152000 SAFETY-KLEEN COM 786484105 24 1476 SH DEFINED 0103 1476 ST JOHN KNITS INC COM 790289102 4650 200000 SH DEFINED 0111 200000 ST JUDE MEDICAL COM 790849103 34 1280 SH DEFINED 0103 1280 ST PAUL COMPANIES COM 792860108 22469 250000 SH DEFINED 0113 250000 ST PAUL COMPANIES COM 792860108 17975 200000 SH DEFINED 0111 200000 ST PAUL COMPANIES COM 792860108 2247 25000 SH DEFINED 0107 25000 ST PAUL COMPANIES COM 792860108 78 870 SH DEFINED 0102 870 ST PAUL COMPANIES COM 792860108 9886 110000 SH DEFINED 0131 110000 ST PAUL COMPANIES COM 792860108 2777 30900 SH DEFINED 0103 30900 SALOMON INC. COM 79549B107 161 3375 SH DEFINED 0103 3375 SALOMON ELK 2 3019 CONV PFD STOCK 79549B412 2480 80000 SH DEFINED 0107 80000 SALOMON ELK 5.00 CONV PFD STOCK 79549B438 2997 37000 SH DEFINED 0107 37000 SBH/DIGITAL EQ EQ LI CONV PFD STOCK 79549B511 2258 60000 SH DEFINED 0107 60000 SANMINA CORP COM 800907107 506 18900 SH DEFINED 0106 18900 SANMINA CORP COM 800907107 910 34000 SH DEFINED 011619 34000 SANMINA CORP COM 800907107 375 14000 SH DEFINED 011614 14000 SANMINA CORP COM 800907107 637 23800 SH DEFINED 0131 23800 SANTA BARB S & L 9% CONV BOND 801380AH9 26 400000 PRN DEFINED 0102 400000 SANTA FE ENERGY RES COM 802012104 20 2262 SH DEFINED 0103 2262 SANTA FE PACIFIC COR COM 802183103 1669 75000 SH DEFINED 0127 75000 PAGE 57 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE SANTA FE PACIFIC COR COM 802183103 103 4623 SH DEFINED 0103 4623 SARA LEE CORP COM 803111103 312 12495 SH DEFINED 0103 12495 SAVOY COM 805375102 1995 95000 SH DEFINED 0106 95000 SAVOY COM 805375102 1407 67000 SH DEFINED 011614 67000 SAVOY COM 805375102 6801 323800 SH DEFINED 0102 323800 SAVOY COM 805375102 2520 120000 SH DEFINED 0131 120000 SAVOY COM 805375102 116 5500 SH DEFINED 0103 5500 SCANA CORP COM 805898103 6965 140000 SH DEFINED 0132 140000 SCHERING PLOUGH COM 806605101 10275 150000 SH DEFINED 0124 150000 SCHERING PLOUGH COM 806605101 8563 125000 SH DEFINED 0131 125000 SCHERING PLOUGH COM 806605101 796 11618 SH DEFINED 0103 11618 SCHLUMBERGER LTD COM 806857108 22172 375000 SH DEFINED 0130 375000 SCHLUMBERGER LTD COM 806857108 20694 350000 SH DEFINED 0126 350000 SCHLUMBERGER LTD COM 806857108 23650 400000 SH DEFINED 0124 400000 SCHLUMBERGER LTD COM 806857108 17738 300000 SH DEFINED 011516 300000 SCHLUMBERGER LTD COM 806857108 4730 80000 SH DEFINED 011618 80000 SCHLUMBERGER LTD COM 806857108 366 6197 SH DEFINED 0103 6197 SCHOLASTIC CORP COM 807066105 20228 465000 SH DEFINED 011516 465000 SCHOLASTIC CORP COM 807066105 48 1100 SH DEFINED 0102 1100 SCHOLASTIC CORP COM 807066105 661 15200 SH DEFINED 0103 15200 SCHULMAN (A.) INC COM 808194104 13500 400000 SH DEFINED 011516 400000 SCHULMAN (A.) INC COM 808194104 579 17150 SH DEFINED 0102 17150 SCHULMAN (A.) INC COM 808194104 1556 46100 SH DEFINED 0103 46100 SCI-MED LIFE SYSTEMS COM 808614101 550 14000 SH DEFINED 0128 14000 SCI-MED LIFE SYSTEMS COM 808614101 224 5700 SH DEFINED 0131 5700 SCI-MED LIFE SYSTEMS COM 808614101 12 300 SH DEFINED 0103 300 SCIENTIFIC ATLANTA COM 808655104 16500 500000 SH DEFINED 0111 500000 SCIENTIFIC ATLANTA COM 808655104 848 25700 SH DEFINED 0125 25700 SCIENTIFIC ATLANTA COM 808655104 1221 37000 SH DEFINED 011622 37000 SCIENTIFIC ATLANTA COM 808655104 2805 85000 SH DEFINED 011623 85000 SCIENTIFIC ATLANTA COM 808655104 3300 100000 SH DEFINED 011618 100000 SCIENTIFIC ATLANTA COM 808655104 215 6500 SH DEFINED 0102 6500 SCIENTIFIC ATLANTA COM 808655104 372 11284 SH DEFINED 0103 11284 SCIENTIFIC ATLANTA COM 808655104 86 2600 SH DEFINED 01 2600 SCORE BOARD INC COM 809173206 643 35000 SH DEFINED 011619 35000 SCOTT PAPER COM 809877103 5141 125000 SH DEFINED 0124 125000 SCOTT PAPER COM 809877103 81 1969 SH DEFINED 0103 1969 SCOTTS CO CLA COM 810186106 2765 140000 SH DEFINED 0128 140000 SEAGATE TECH 144A CONV BOND 811804AB9 5350 5000000 PRN DEFINED 0104 5000000 SEAGATE TECH 144A CONV BOND 811804AB9 5350 5000000 PRN DEFINED 0107 5000000 SEAGATE TECH 144A CONV BOND 811804AB9 3745 3500000 PRN DEFINED 011621 3500000 SEAGATE TECH 144A CONV BOND 811804AB9 1605 1500000 PRN DEFINED 0131 1500000 SEAGRAM LTD COM 811850106 252 9642 SH DEFINED 0103 9642 SEAGULL ENERGY CORP COM 812007102 2538 100000 SH DEFINED 0132 100000 SEARS ROEBUCK & CO COM 812387108 18463 350000 SH DEFINED 0130 350000 SEARS ROEBUCK & CO COM 812387108 14506 275000 SH DEFINED 011516 275000 SEARS ROEBUCK & CO COM 812387108 97788 1853778 SH DEFINED 0102 684000 1169778 SEARS ROEBUCK & CO COM 812387108 4394 83303 SH DEFINED 0103 74450 8853 SEARS ROEBUCK & CO COM 812387108 11611 220100 SH DEFINED 01 220100 SEARS ROEBUCK PERC CONV PFD STOCK 812387504 19688 350000 SH DEFINED 0130 350000 PAGE 58 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE SEARS ROEBUCK PERC CONV PFD STOCK 812387504 8438 150000 SH DEFINED 011618 150000 SEARS ROEBUCK PERC CONV PFD STOCK 812387504 1406 25000 SH DEFINED 01 25000 SENSORMATIC ELECT COM 817265101 26156 750000 SH DEFINED 0126 750000 SENSORMATIC ELECT COM 817265101 6278 180000 SH DEFINED 0106 180000 SENSORMATIC ELECT COM 817265101 18309 525000 SH DEFINED 0111 525000 SENSORMATIC ELECT COM 817265101 5406 155000 SH DEFINED 011614 155000 SENSORMATIC ELECT COM 817265101 16578 475400 SH DEFINED 0102 475400 SENSORMATIC ELECT COM 817265101 7847 225000 SH DEFINED 0131 225000 SENSORMATIC ELECT COM 817265101 291 8350 SH DEFINED 0103 8350 SERVICE CORP INT'L CONV BOND 817565AD6 3488 2500000 PRN DEFINED 0107 2500000 SERVICE CORP INT'L CONV BOND 817565AD6 16740 12000000 PRN DEFINED 011516 12000000 SERVICE CORP INTL COM 817565104 2376 90500 SH DEFINED 0125 90500 SERVICE CORP INTL COM 817565104 8392 319700 SH DEFINED 011516 319700 SERVICE CORP INTL COM 817565104 1050 40000 SH DEFINED 011620 40000 SERVICE CORP INTL COM 817565104 326 12400 SH DEFINED 0102 12400 SERVICE CORP INTL COM 817565104 1018 38765 SH DEFINED 0103 38765 SERVICE CORP INTL COM 817565104 58 2200 SH DEFINED 01 2200 SERVICE MASTER LTD COM 817613102 5475 200000 SH DEFINED 0111 200000 SERVAM CORP WARRANTS WARRANT 817912124 1 60486 SH DEFINED 0109 60486 SERVAM CORP WARRANTS WARRANT 817912132 0 13600 SH DEFINED 0109 13600 SERVAM CORP COMMON COM 817912207 0 6800 SH DEFINED 0109 6800 SHARED MED SYSTEMS COM 819486101 12438 500000 SH DEFINED 011516 500000 SHARED MED SYSTEMS COM 819486101 15 591 SH DEFINED 0103 591 SHAW INDUSTRIES INC COM 820286102 22838 900000 SH DEFINED 0130 900000 SHAW INDUSTRIES INC COM 820286102 15225 600000 SH DEFINED 0108 600000 SHAW INDUSTRIES INC COM 820286102 22692 894266 SH DEFINED 0102 404200 490066 SHAWMUT NATIONAL COM 820484103 51 2361 SH DEFINED 0103 2361 SHERWIN WILLIAMS COM 824348106 15194 425000 SH DEFINED 0108 425000 SHERWIN WILLIAMS COM 824348106 34752 972005 SH DEFINED 0102 433300 538705 SHERWIN WILLIAMS COM 824348106 81 2262 SH DEFINED 0103 2262 SHERWIN WILLIAMS COM 824348106 10936 305900 SH DEFINED 01 305900 SHOPKO STORES COM 824911101 11944 1050000 SH DEFINED 0113 1050000 SHOPKO STORES COM 824911101 4095 360000 SH DEFINED 0128 360000 SHONEYS INC COM 825039100 4163 180000 SH DEFINED 0128 180000 SHONEYS INC COM 825039100 1320 57100 SH DEFINED 0125 57100 SHONEYS INC COM 825039100 648 28000 SH DEFINED 011619 28000 SHONEYS INC COM 825039100 622 26900 SH DEFINED 011620 26900 SHONEYS INC COM 825039100 183 7900 SH DEFINED 0102 7900 SHONEYS INC COM 825039100 559 24183 SH DEFINED 0103 24183 SHONEYS INC COM 825039100 39 1700 SH DEFINED 01 1700 SIGMA-ALDRICH COM 826552101 14400 300000 SH DEFINED 011516 300000 SIGMA-ALDRICH COM 826552101 1 12 SH DEFINED 0102 12 SIGNET BANKING CORP COM 826681108 47 1355 SH DEFINED 0102 1355 SIL GR PT 11/98 144A CONV BOND 827056AB8 2356 5000000 PRN DEFINED 0107 5000000 SIL GR PT 11/98 144A CONV BOND 827056AB8 9425 20000000 PRN DEFINED 011618 20000000 SILICON GRAPHICS INC COM 827056102 14850 600000 SH DEFINED 0126 600000 SILICON GRAPHICS INC COM 827056102 3465 140000 SH DEFINED 0106 140000 SILICON GRAPHICS INC COM 827056102 2723 110000 SH DEFINED 011614 110000 SILICON GRAPHICS INC COM 827056102 29170 1178600 SH DEFINED 0102 1178600 SILICON GRAPHICS INC COM 827056102 3713 150000 SH DEFINED 0131 150000 PAGE 59 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE SILICON GRAPHICS INC COM 827056102 530 21400 SH DEFINED 0103 21400 SIMON PROP COM 828805101 11313 500000 SH DEFINED 0113 500000 SIMON PROP COM 828805101 1516 67000 SH DEFINED 0132 67000 SIMON PROP COM 828805101 1177 52000 SH DEFINED 0107 52000 SIMPSON INDUSTRIES COM 829060102 4225 200000 SH DEFINED 0107 200000 SIMPSON INDUSTRIES COM 829060102 1268 60000 SH DEFINED 011620 60000 SIMPSON INDUSTRIES COM 829060102 3042 144000 SH DEFINED 01 144000 SINGER CO COM 82930F109 11213 300000 SH DEFINED 0124 300000 SIZELER PROPERTY INV COM 830137105 3163 275000 SH DEFINED 0130 275000 SIZELER PROPERTY INV COM 830137105 2703 235000 SH DEFINED 0132 235000 SIZELER PROPERTY INV COM 830137105 2703 235000 SH DEFINED 0107 235000 SIZELER PROPERTY INV COM 830137105 4094 356000 SH DEFINED 01 356000 SKYLINE COM 830830105 6 295 SH DEFINED 0103 295 SMITHKLN BCHM EQ UNT COM 832378400 7118 260000 SH DEFINED 0131 260000 SMITHKLN BCHM EQ UNT COM 832378400 356 13000 SH DEFINED 0103 13000 SNAP ON TOOLS CORP COM 833034101 41 1081 SH DEFINED 0103 1081 SNYDER OIL CORP $25 CONV PFD STOCK 833482409 4725 175000 SH DEFINED 0104 175000 SNYDER OIL CORP $25 CONV PFD STOCK 833482409 6750 250000 SH DEFINED 011516 250000 SNYDER OIL CORP $25 CONV PFD STOCK 833482409 2700 100000 SH DEFINED 011621 100000 SNYDER OIL CORP $25 CONV PFD STOCK 833482409 945 35000 SH DEFINED 011620 35000 SNYDER OIL CORP $25 CONV PFD STOCK 833482409 1350 50000 SH DEFINED 0131 50000 SOCIEDAD QUINICA COM 833635105 610 20000 SH DEFINED 011619 20000 SOCIETY CORP COM 833663305 11900 400000 SH DEFINED 0113 400000 SODAK GAMING COM 833777105 1200 40000 SH DEFINED 011619 40000 SODAK GAMING COM 833777105 1050 35000 SH DEFINED 011620 35000 SOFT IMAGE COM 833961105 1920 120000 SH DEFINED 0106 120000 SOFT IMAGE COM 833961105 1280 80000 SH DEFINED 011614 80000 SOFAMOR/DANEK GROUP COM 834005100 3990 120000 SH DEFINED 0106 120000 SOFAMOR/DANEK GROUP COM 834005100 665 20000 SH DEFINED 011619 20000 SOFAMOR/DANEK GROUP COM 834005100 2993 90000 SH DEFINED 011614 90000 SOFAMOR/DANEK GROUP COM 834005100 10595 318600 SH DEFINED 0102 318600 SOFAMOR/DANEK GROUP COM 834005100 4655 140000 SH DEFINED 0131 140000 SOFAMOR/DANEK GROUP COM 834005100 203 6100 SH DEFINED 0103 6100 SOFTBRIDGE MICRO SYS COM 834020992 135 13500 SH DEFINED 01 13500 SOFTWARE TOOLWORKS COM 834044208 1620 160000 SH DEFINED 0106 160000 SOFTWARE TOOLWORKS COM 834044208 506 50000 SH DEFINED 011619 50000 SOFTWARE TOOLWORKS COM 834044208 1114 110000 SH DEFINED 011614 110000 SOFTWARE TOOLWORKS COM 834044208 4316 426400 SH DEFINED 0102 426400 SOFTWARE TOOLWORKS COM 834044208 2076 205000 SH DEFINED 0131 205000 SOFTWARE TOOLWORKS COM 834044208 83 8200 SH DEFINED 0103 8200 SONAT INC COM 835415100 62 2162 SH DEFINED 0103 2162 SONOCO PRODUCTS COM 835495102 44 2000 SH DEFINED 01 2000 SOUTHDOWN WARRANTS WARRANT 841297997 340 40000 SH DEFINED 0104 40000 SOUTHDOWN WARRANTS WARRANT 841297997 425 50000 SH DEFINED 0109 50000 SOUTHDOWN WARRANTS WARRANT 841297997 255 30000 SH DEFINED 011621 30000 SO CA EDISON $100 PREFERRED STOCK 842400780 15572 147250 SH DEFINED 0105 147250 SO CA EDISON $100 PREFERRED STOCK 842400780 5129 48500 SH DEFINED 01 48500 SO CA EDISON $100 PREFERRED STOCK 842400780 529 5000 SH DEFINED 01 5000 SO CA EDISON $100 PREFERRED STOCK 842400780 529 5000 SH DEFINED 0116 5000 SOUTHERN CO. COM 842587107 8825 200000 SH DEFINED 0132 200000 PAGE 60 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE SOUTHERN CO. COM 842587107 360 8166 SH DEFINED 0103 8166 SO INDIANA G&E 100 PREFERRED STOCK 843169996 7763 75000 SH DEFINED 0105 75000 SOUTHERN NEW ENG TEL COM 843485103 6322 175000 SH DEFINED 0132 175000 SOUTHWEST AIRLINES COM 844741108 75000 2000000 SH DEFINED 0126 2000000 SOUTHWEST AIRLINES COM 844741108 6750 180000 SH DEFINED 0106 180000 SOUTHWEST AIRLINES COM 844741108 30000 800000 SH DEFINED 0111 800000 SOUTHWEST AIRLINES COM 844741108 28125 750000 SH DEFINED 0124 750000 SOUTHWEST AIRLINES COM 844741108 6750 180000 SH DEFINED 011622 180000 SOUTHWEST AIRLINES COM 844741108 15000 400000 SH DEFINED 011623 400000 SOUTHWEST AIRLINES COM 844741108 7500 200000 SH DEFINED 011618 200000 SOUTHWEST AIRLINES COM 844741108 5438 145000 SH DEFINED 011614 145000 SOUTHWEST AIRLINES COM 844741108 53313 1421390 SH DEFINED 0102 451900 969490 SOUTHWEST AIRLINES COM 844741108 12375 330000 SH DEFINED 0131 330000 SOUTHWEST AIRLINES COM 844741108 2502 66700 SH DEFINED 0103 66700 SOUTHWEST AIRLINES COM 844741108 150 4000 SH DEFINED 01 4000 SOUTHWEST GAS CORP COM 844895102 1600 100000 SH DEFINED 0132 100000 SOUTHWESTERN BELL COM 845333103 6225 150000 SH DEFINED 0132 150000 SOUTHWESTERN BELL COM 845333103 637 15346 SH DEFINED 0103 15346 SOUTHWESTERN PROP TR COM 845734102 3156 250000 SH DEFINED 0130 250000 SOUTHWESTERN PROP TR COM 845734102 5050 400000 SH DEFINED 0132 400000 SOUTHWESTERN PROP TR COM 845734102 3156 250000 SH DEFINED 0107 250000 SOUTHWESTERN PROP TR COM 845734102 631 50000 SH DEFINED 011618 50000 SPECIALTY FOODS ACQ COM 847498102 480 300000 SH DEFINED 0109 300000 SPECIALTY FOODS ACQ COM 847498102 24 15000 SH DEFINED 011621 15000 SPORTS & RECREATION COM 849168109 205 5450 SH DEFINED 0102 5450 SPORTS & RECREATION COM 849168109 1005 26800 SH DEFINED 0103 26800 SPRINGS INDS INC COM 851783100 19 492 SH DEFINED 0103 492 SPRINT CORP COM 852061100 304 8756 SH DEFINED 0103 8756 STABLE CAPITAL FUND COM 852300987 369852 35542077 SH DEFINED 0103 35542077 STANLEY WORKS THE COM 854616109 22250 500000 SH DEFINED 0113 500000 STANLEY WORKS THE COM 854616109 53 1181 SH DEFINED 0103 1181 STATE STREET BOSTON COM 857473102 37500 1000000 SH DEFINED 0126 1000000 STATE STREET BOSTON COM 857473102 16875 450000 SH DEFINED 0124 450000 STATE STREET BOSTON COM 857473102 64313 1715000 SH DEFINED 011516 1715000 STATE STREET BOSTON COM 857473102 7880 210070 SH DEFINED 0102 76200 133870 STATE STREET BOSTON COM 857473102 476 12700 SH DEFINED 0103 12700 STEINROE STOCK FD COM 857908503 10 399 SH DEFINED 0102 399 STEINROE SPECIAL FD COM 857908701 70 2910 SH DEFINED 0102 2910 STEEL TECHNOLOGIES COM 858147101 1215 60000 SH DEFINED 011619 60000 STERLING SOFTWARE CONV BOND 859547AD3 1190 1000000 PRN DEFINED 0107 1000000 STERLING SOFTWARE IN COM 859547101 993 35000 SH DEFINED 011620 35000 STEWART ENTERPRISES COM 860370105 13163 487500 SH DEFINED 011516 487500 STONE CONTAINER CONV BOND 861589AE9 17500 25000000 PRN DEFINED 0130 25000000 STONE CONTAINER CONV BOND 861589AE9 700 1000000 PRN DEFINED 011620 1000000 STONE CONTAINER COM 861589109 17 1770 SH DEFINED 0103 1770 STORAGE TECHNOLOGY COM 862111200 5376 170000 SH DEFINED 0106 170000 STORAGE TECHNOLOGY COM 862111200 3795 120000 SH DEFINED 011614 120000 STORAGE TECHNOLOGY COM 862111200 7274 230000 SH DEFINED 0131 230000 STRIDE RITE CORP COM 863314100 21 1278 SH DEFINED 0103 1278 STRYKER CORP COM 863667101 8475 300000 SH DEFINED 0111 300000 PAGE 61 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE STRYKER CORP COM 863667101 48025 1700000 SH DEFINED 011516 1700000 STRYKER CORP COM 863667101 978 34655 SH DEFINED 0102 34655 SLMA NON/VTG COM 863871505 22438 500000 SH DEFINED 0113 500000 SLMA NON/VTG COM 863871505 15706 350000 SH DEFINED 011516 350000 SLMA NON/VTG COM 863871505 8975 200000 SH DEFINED 0131 200000 SLMA NON/VTG COM 863871505 435 9700 SH DEFINED 0103 9700 STUDENT LOAN CORP COM 863902102 9438 500000 SH DEFINED 011516 500000 SUMMA COM 865628101 676 17000 SH DEFINED 0106 17000 SUMMA COM 865628101 11130 280000 SH DEFINED 011516 280000 SUMMA COM 865628101 457 11500 SH DEFINED 011614 11500 SUMMA COM 865628101 855 21500 SH DEFINED 0131 21500 SUMMIT COM 86627E101 1995 95000 SH DEFINED 0106 95000 SUMMIT COM 86627E101 1470 70000 SH DEFINED 011614 70000 SUMMIT COM 86627E101 4087 194600 SH DEFINED 0102 194600 SUMMIT COM 86627E101 2625 125000 SH DEFINED 0131 125000 SUMMIT COM 86627E101 78 3700 SH DEFINED 0103 3700 SUN COM 866762107 78 2655 SH DEFINED 0103 2655 SUN MICROSYSTEMS INC COM 866810104 36406 1250000 SH DEFINED 0126 1250000 SUN MICROSYSTEMS INC COM 866810104 5825 200000 SH DEFINED 0124 200000 SUN MICROSYSTEMS INC COM 866810104 1049 36000 SH DEFINED 0125 36000 SUN MICROSYSTEMS INC COM 866810104 4660 160000 SH DEFINED 011622 160000 SUN MICROSYSTEMS INC COM 866810104 10485 360000 SH DEFINED 011623 360000 SUN MICROSYSTEMS INC COM 866810104 5825 200000 SH DEFINED 011618 200000 SUN MICROSYSTEMS INC COM 866810104 1019 35000 SH DEFINED 011620 35000 SUN MICROSYSTEMS INC COM 866810104 1019 35000 SH DEFINED 011614 35000 SUN MICROSYSTEMS INC COM 866810104 146 5000 SH DEFINED 0102 5000 SUN MICROSYSTEMS INC COM 866810104 10194 350000 SH DEFINED 0131 350000 SUN MICROSYSTEMS INC COM 866810104 505 17356 SH DEFINED 0103 17356 SUN MICROSYSTEMS INC COM 866810104 390 13400 SH DEFINED 01 13400 SUN AMERICA COM 866930100 12975 300000 SH DEFINED 0111 300000 SUN AMERICA COM 866930100 129 3000 SH DEFINED 0102 3000 SUNAMERICA $37 CONV PFD STOCK 866930704 1907 45000 SH DEFINED 0107 45000 SUNAMERICA $37 CONV PFD STOCK 866930704 7399 174600 SH DEFINED 0131 174600 SUNRISE MEDICAL COM 867910101 4573 152419 SH DEFINED 0103 152419 SUNTRUST BANKS INC COM 867914103 146 3247 SH DEFINED 0103 3247 SUPERVALU INC COM 868536103 16313 450000 SH DEFINED 0113 450000 SUPERVALU INC COM 868536103 7 200 SH DEFINED 0125 200 SUPERVALU INC COM 868536103 4 100 SH DEFINED 0102 100 SUPERVALU INC COM 868536103 68 1870 SH DEFINED 0103 1870 SYBRON CHEMICALS INC COM 870903101 7238 300000 SH DEFINED 0124 300000 SYBASE SOFTWARE COM 871130100 7980 190000 SH DEFINED 0106 190000 SYBASE SOFTWARE COM 871130100 6300 150000 SH DEFINED 011614 150000 SYBASE SOFTWARE COM 871130100 25267 601600 SH DEFINED 0102 601600 SYBASE SOFTWARE COM 871130100 10500 250000 SH DEFINED 0131 250000 SYBASE SOFTWARE COM 871130100 437 10400 SH DEFINED 0103 10400 SYBRON CORP COM 87114F106 904 28249 SH DEFINED 0103 28249 SYMANTEC CORP COM 871503108 730 40000 SH DEFINED 011619 40000 SYNOPSYS INC COM 871607107 5430 120000 SH DEFINED 0106 120000 SYNOPSYS INC COM 871607107 3846 85000 SH DEFINED 011614 85000 SYNOPSYS INC COM 871607107 10254 226600 SH DEFINED 0102 226600 PAGE 62 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE SYNOPSYS INC COM 871607107 6788 150000 SH DEFINED 0131 150000 SYNOPSYS INC COM 871607107 195 4300 SH DEFINED 0103 4300 SYNOPTICS COMM 144A CONV BOND 871609AA1 24250 25000000 PRN DEFINED 0130 25000000 SYNOPTICS COMM COM 871609103 2879 103300 SH DEFINED 0126 103300 SYNOPTICS COMM COM 871609103 2054 73700 SH DEFINED 0106 73700 SYNOPTICS COMM COM 871609103 13938 500000 SH DEFINED 0111 500000 SYNOPTICS COMM COM 871609103 6272 225000 SH DEFINED 0124 225000 SYNOPTICS COMM COM 871609103 479 17200 SH DEFINED 011622 17200 SYNOPTICS COMM COM 871609103 1026 36800 SH DEFINED 011623 36800 SYNOPTICS COMM COM 871609103 1115 40000 SH DEFINED 011620 40000 SYNOPTICS COMM COM 871609103 1394 50000 SH DEFINED 011614 50000 SYNOPTICS COMM COM 871609103 2230 80000 SH DEFINED 0102 80000 SYNOPTICS COMM COM 871609103 2592 93000 SH DEFINED 0131 93000 SYNOPTICS COMM COM 871609103 778 27900 SH DEFINED 0103 27900 SYNOPTICS COMM COM 871609103 1115 40000 SH DEFINED 01 40000 SYNTEX COM 871616108 11113 700000 SH DEFINED 0113 700000 SYNTEX COM 871616108 91 5705 SH DEFINED 0103 5705 SYSCO CORPORATION COM 871829107 8775 300000 SH DEFINED 0108 300000 SYSCO CORPORATION COM 871829107 8775 300000 SH DEFINED 011618 300000 SYSCO CORPORATION COM 871829107 141 4821 SH DEFINED 0103 4821 SYSTEM SOFTWARE ASSC COM 871839106 1068 70000 SH DEFINED 011620 70000 SYSTEM SOFTWARE ASSC COM 871839106 3142 206000 SH DEFINED 01 206000 TECO ENERGY COM 872375100 4299 190000 SH DEFINED 0132 190000 TIG HOLDINGS COM 872469101 11313 500000 SH DEFINED 0113 500000 TIG HOLDINGS COM 872469101 7919 350000 SH DEFINED 0124 350000 TJX COS COM 872540109 57 1969 SH DEFINED 0103 1969 TRW COM 872649108 109 1574 SH DEFINED 0103 1574 TANDEM COMPUTERS COM 875370108 31 2852 SH DEFINED 0103 2852 TANDY CORP COM 875382103 84 1700 SH DEFINED 0102 1700 TANDY CORP COM 875382103 1217 24573 SH DEFINED 0103 23000 1573 TANGER FACTORY COM 875465106 2588 90000 SH DEFINED 0106 90000 TANGER FACTORY COM 875465106 2875 100000 SH DEFINED 0107 100000 TANGER FACTORY COM 875465106 1869 65000 SH DEFINED 011614 65000 TANGER FACTORY COM 875465106 6469 225000 SH DEFINED 0131 225000 TANGER FACTORY COM 875465106 152 5300 SH DEFINED 0103 5300 TAUBMAN CENTERS INC COM 876664103 8943 769300 SH DEFINED 0113 769300 TEKTRONIX COM 879131100 18 787 SH DEFINED 0103 787 TELECABLE COM 879190106 768 16000 SH DEFINED 0102 16000 TELE-COMMUNICATION A COM 879240109 42 1400 SH DEFINED 0125 1400 TELE-COMMUNICATION A COM 879240109 3630 120000 SH DEFINED 011622 120000 TELE-COMMUNICATION A COM 879240109 8016 265000 SH DEFINED 011623 265000 TELE-COMMUNICATION A COM 879240109 16638 550000 SH DEFINED 011516 550000 TELE-COMMUNICATION A COM 879240109 19663 650000 SH DEFINED 011618 650000 TELE-COMMUNICATION A COM 879240109 6 200 SH DEFINED 0102 200 TELE-COMMUNICATION A COM 879240109 4538 150000 SH DEFINED 0131 150000 TELE-COMMUNICATION A COM 879240109 351 11618 SH DEFINED 0103 11618 TELE-COMMUNICATION A COM 879240109 5899 195000 SH DEFINED 01 195000 NEW ZEALAND TELPHONE COM 879278208 26578 525000 SH DEFINED 0130 525000 NEW ZEALAND TELPHONE COM 879278208 6328 125000 SH DEFINED 0132 125000 NEW ZEALAND TELPHONE COM 879278208 15188 300000 SH DEFINED 011516 300000 PAGE 63 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE TELECOMASIA GDR 144A COM 87928D107 431 7200 SH DEFINED 0106 7200 TELECOMASIA GDR 144A COM 87928D107 647 10800 SH DEFINED 0132 10800 TELECOMASIA GDR 144A COM 87928D107 1431 23900 SH DEFINED 0124 23900 TELECOMASIA GDR 144A COM 87928D107 1533 25600 SH DEFINED 011618 25600 TELECOMASIA GDR 144A COM 87928D107 323 5400 SH DEFINED 011614 5400 TELECOMASIA GDR 144A COM 87928D107 755 12600 SH DEFINED 0131 12600 TELECOMASIA GDR 144A COM 87928D107 54 900 SH DEFINED 0103 900 TELEDYNE COM 879335107 36 1376 SH DEFINED 0103 1376 TELEFLEX INC COM 879369106 10438 282100 SH DEFINED 0108 282100 TELEFONICA DE ESPANA COM 879382208 4875 125000 SH DEFINED 0132 125000 TELEFONOS DE MEXICO COM 879403780 13500 200000 SH DEFINED 0111 200000 TELEFONOS DE MEXICO COM 879403780 8438 125000 SH DEFINED 0132 125000 TELEFONOS DE MEXICO COM 879403780 13500 200000 SH DEFINED 0124 200000 TELEFONOS DE MEXICO COM 879403780 5549 82200 SH DEFINED 0112 82200 TELEFONOS DE MEXICO COM 879403780 12150 180000 SH DEFINED 011618 180000 TELEFONOS DE MEXICO COM 879403780 1013 15000 SH DEFINED 011620 15000 TELEFONOS DE MEXICO COM 879403780 5103 75600 SH DEFINED 011617 75600 TELEFONOS DE MEXICO COM 879403780 2 30 SH DEFINED 0102 30 TELEFONOS DE MEXICO COM 879403780 12826 190000 SH DEFINED 0131 190000 TELEFONOS DE MEXICO COM 879403780 304 4500 SH DEFINED 0103 4500 TELEFONOS DE MEXICO COM 879403780 18293 271000 SH DEFINED 01 35000 236000 TELLABS COM 879664100 8505 180000 SH DEFINED 0106 180000 TELLABS COM 879664100 21263 450000 SH DEFINED 0111 450000 TELLABS COM 879664100 5434 115000 SH DEFINED 011614 115000 TELLABS COM 879664100 10422 220500 SH DEFINED 0102 220500 TELLABS COM 879664100 170 3600 SH DEFINED 0103 3600 TEMPEST REINS PRIVAT COM 8798009A0 7633 80000 SH DEFINED 0108 80000 TEMPEST REINS PRIVAT COM 8798009A0 2862 30000 SH DEFINED 0128 30000 TEMPEST REINS PRIVAT COM 8798009A0 7633 80000 SH DEFINED 0124 80000 TEMPEST REINS PRIVAT COM 8798009A0 7347 77000 SH DEFINED 0131 77000 TEMPEST REINS PRIVAT COM 8798009A0 286 3000 SH DEFINED 0103 3000 TEMPLE INLAND COM 879868107 69 1376 SH DEFINED 0103 1376 TENNECO INC COM 880370101 21050 400000 SH DEFINED 0130 400000 TENNECO INC COM 880370101 10525 200000 SH DEFINED 0108 200000 TENNECO INC COM 880370101 495 9400 SH DEFINED 0125 9400 TENNECO INC COM 880370101 13156 250000 SH DEFINED 011516 250000 TENNECO INC COM 880370101 15788 300000 SH DEFINED 011618 300000 TENNECO INC COM 880370101 1316 25000 SH DEFINED 011620 25000 TENNECO INC COM 880370101 98940 1880127 SH DEFINED 0102 585900 1294227 TENNECO INC COM 880370101 5789 110000 SH DEFINED 0131 110000 TENNECO INC COM 880370101 5615 106679 SH DEFINED 0103 89550 17129 TENNECO INC COM 880370101 8631 164000 SH DEFINED 01 164000 TENNECO PERC CVT CONV PFD STOCK 880370697 13609 325000 SH DEFINED 0130 325000 TENNECO PERC CVT CONV PFD STOCK 880370697 3664 87500 SH DEFINED 0132 87500 TENNECO PERC CVT CONV PFD STOCK 880370697 10469 250000 SH DEFINED 011618 250000 TENNECO PERC CVT CONV PFD STOCK 880370697 6114 146000 SH DEFINED 0131 146000 TENNECO PERC CVT CONV PFD STOCK 880370697 12688 303000 SH DEFINED 01 129000 174000 TENNECO SRS B $100 PREFERRED STOCK 880370721 8615 86151 SH DEFINED 0105 86151 TENNECO SRS B $100 PREFERRED STOCK 880370721 1746 17460 SH DEFINED 01 17460 TENNECO SRS B $100 PREFERRED STOCK 880370721 437 4369 SH DEFINED 01 4369 PAGE 64 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE TEXACO COM 881694103 27466 425000 SH DEFINED 0130 425000 TEXACO COM 881694103 27466 425000 SH DEFINED 0113 425000 TEXACO COM 881694103 9048 140000 SH DEFINED 0132 140000 TEXACO COM 881694103 3231 50000 SH DEFINED 0107 50000 TEXACO COM 881694103 7685 118900 SH DEFINED 0102 63400 55500 TEXACO COM 881694103 9048 140000 SH DEFINED 0131 140000 TEXACO COM 881694103 862 13341 SH DEFINED 0103 13341 TEXAS INSTRUMENTS COM 882508104 147 2313 SH DEFINED 0103 2313 TEXAS UTILITIES COM 882848104 19463 450000 SH DEFINED 0113 450000 TEXAS UTILITIES COM 882848104 10380 240000 SH DEFINED 0132 240000 TEXAS UTILITIES COM 882848104 243 5607 SH DEFINED 0103 5607 TEXTRON INC COM 883203101 16019 275000 SH DEFINED 0113 275000 TEXTRON INC COM 883203101 11650 200000 SH DEFINED 0131 200000 TEXTRON INC COM 883203101 685 11763 SH DEFINED 0103 11763 THERMADYNE HDS CL B COM 883434201 1 120000 SH DEFINED 0104 120000 THIOKOL CORP COM 884103102 9275 350000 SH DEFINED 0108 350000 THIOKOL CORP COM 884103102 3048 115000 SH DEFINED 0128 115000 THOMAS & BETTS COM 884315102 29 493 SH DEFINED 0103 493 3 COM CORP COM 885535104 1316 28000 SH DEFINED 011619 28000 TIME WARNER INC COM 887315109 115050 2600000 SH DEFINED 0126 2600000 TIME WARNER INC COM 887315109 137 3100 SH DEFINED 0125 3100 TIME WARNER INC COM 887315109 7854 177500 SH DEFINED 011622 177500 TIME WARNER INC COM 887315109 17258 390000 SH DEFINED 011623 390000 TIME WARNER INC COM 887315109 17700 400000 SH DEFINED 011618 400000 TIME WARNER INC COM 887315109 22 500 SH DEFINED 0102 500 TIME WARNER INC COM 887315109 480 10842 SH DEFINED 0103 10842 TIMES MIRROR CL A COM 887360105 112 3346 SH DEFINED 0103 3346 TIMKEN CO. COM 887389104 26 787 SH DEFINED 0103 787 TOOTSIE ROLL INDS COM 890516107 14935 210349 SH DEFINED 011516 210349 TOOTSIE ROLL INDS COM 890516107 746 10509 SH DEFINED 011619 10509 TORCHMARK CORP COM 891027104 86 1900 SH DEFINED 0125 1900 TORCHMARK CORP COM 891027104 14 300 SH DEFINED 0102 300 TORCHMARK CORP COM 891027104 120 2669 SH DEFINED 0103 2669 TOTAL COM 89151E109 6103 225000 SH DEFINED 0108 225000 TOTAL COM 89151E109 3888 143342 SH DEFINED 0128 143342 TOTAL COM 89151E109 10361 381960 SH DEFINED 0102 169200 212760 TOTAL COM 89151E109 9494 350000 SH DEFINED 0131 350000 TOTAL COM 89151E109 502 18500 SH DEFINED 0103 18500 TOWN & COUNTRY COM 892081100 3260 160000 SH DEFINED 0131 160000 TOWN & COUNTRY COM 892081100 157 7700 SH DEFINED 0103 7700 TOYS R US COM 892335100 380 9300 SH DEFINED 0125 9300 TOYS R US COM 892335100 11163 273237 SH DEFINED 0102 88950 184287 TOYS R US COM 892335100 2677 65476 SH DEFINED 0103 54200 11276 TOYS R US COM 892335100 1839 45000 SH DEFINED 01 45000 TRANSAMERICA CORP COM 893485102 112 1966 SH DEFINED 0103 1966 TRANSATLANTIC HLDS COM 893521104 7856 150000 SH DEFINED 0108 150000 TRANSCANADA PIPELINE COM 893526103 3844 250000 SH DEFINED 0132 250000 TRANSCO ENERGY CO COM 893532101 15 1083 SH DEFINED 0103 1083 TRANSCO ENERGY PREFERRED STOCK 893532309 5434 105000 SH DEFINED 0132 105000 TRANS CONTL GAS PREFERRED STOCK 893570218 476 4763 SH DEFINED 0113 4763 PAGE 65 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE TRAVELERS COM 894180108 21788 700000 SH DEFINED 0130 700000 TRAVELERS COM 894180108 24900 800000 SH DEFINED 0113 800000 TRAVELERS COM 894180108 10894 350000 SH DEFINED 011516 350000 TRAVELERS COM 894180108 15563 500000 SH DEFINED 011618 500000 TRAVELERS COM 894180108 1089 35000 SH DEFINED 011620 35000 TRAVELERS COM 894180108 9338 300000 SH DEFINED 0131 300000 TRAVELERS COM 894180108 639 20539 SH DEFINED 0103 20539 TRIANGLE WIRE CABLE WARRANT 895900991 1 50000 SH DEFINED 0104 50000 TRIANGLE WIRE CABLE WARRANT 895900991 1 130000 SH DEFINED 0109 130000 TRIANGLE WIRE CABLE WARRANT 895900991 0 20000 SH DEFINED 011621 20000 TRIAD MORTGAGE GROUP COM 895925105 488 30000 SH DEFINED 011619 30000 TRIBUNE CO COM 896047107 101 1672 SH DEFINED 0103 1672 TRINITY INDUSTRIES COM 896522109 1106 25650 SH DEFINED 0103 25650 TRINOVA CORP COM 896678109 22 688 SH DEFINED 0103 688 TRI QUINT COM 89674K103 809 66000 SH DEFINED 0106 66000 TRI QUINT COM 89674K103 735 60000 SH DEFINED 011619 60000 TRI QUINT COM 89674K103 919 75000 SH DEFINED 011620 75000 TRI QUINT COM 89674K103 637 52000 SH DEFINED 011614 52000 TRI QUINT COM 89674K103 1005 82000 SH DEFINED 0131 82000 TURNER BROADCAST B COM 900262502 5400 200000 SH DEFINED 0111 200000 TURNER BROADCAST B COM 900262502 13500 500000 SH DEFINED 011516 500000 TURNER BROADCAST B COM 900262502 9450 350000 SH DEFINED 011618 350000 TYCO LABORATORIES COM 902120104 5163 100000 SH DEFINED 0111 100000 TYCO LABORATORIES COM 902120104 5 100 SH DEFINED 0125 100 TYCO LABORATORIES COM 902120104 5841 113150 SH DEFINED 0102 113150 TYCO LABORATORIES COM 902120104 1698 32881 SH DEFINED 0103 31700 1181 TYCO LABORATORIES COM 902120104 8281 160400 SH DEFINED 01 160400 UAL CORP COM 902549104 91 623 SH DEFINED 0103 623 USX CORP $50 CONV PFD STOCK 902905819 22125 375000 SH DEFINED 0130 375000 USX CORP $50 CONV PFD STOCK 902905819 4425 75000 SH DEFINED 0107 75000 USX MARATHON GROUP COM 902905827 120 7279 SH DEFINED 0103 7279 UST INC COM 902911106 20119 725000 SH DEFINED 0130 725000 UST INC COM 902911106 3483 125500 SH DEFINED 0125 125500 UST INC COM 902911106 58275 2100000 SH DEFINED 011516 2100000 UST INC COM 902911106 11100 400000 SH DEFINED 011618 400000 UST INC COM 902911106 480 17300 SH DEFINED 0102 17300 UST INC COM 902911106 1559 56210 SH DEFINED 0103 56210 UST INC COM 902911106 322 11600 SH DEFINED 01 11600 UNUM CORP COM 903192102 22838 435000 SH DEFINED 011516 435000 U S F & G CORP COM 903290104 32 2165 SH DEFINED 0103 2165 USLICO CORP CONV BOND 903297AB5 624 600000 PRN DEFINED 0129 600000 USLICO CORP CONV BOND 903297AB5 1248 1200000 PRN DEFINED 0104 1200000 USLICO CORP CONV BOND 903297AB5 624 600000 PRN DEFINED 0109 600000 USLICO CORP CONV BOND 903297AB5 624 600000 PRN DEFINED 011621 600000 USX-US STEEL GROUP COM 90337T101 195 4500 SH DEFINED 0125 4500 USX-US STEEL GROUP COM 90337T101 481 11100 SH DEFINED 0102 11100 USX-US STEEL GROUP COM 90337T101 146 3371 SH DEFINED 0103 3371 ULTRAMAR COM 903912103 1675 66000 SH DEFINED 0107 66000 UNIFI CONV BOND 904677AC5 19425 17500000 PRN DEFINED 0130 17500000 UNIFI, INC. COM 904677101 6181 230000 SH DEFINED 011618 230000 PAGE 66 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE UNIFI, INC. COM 904677101 1344 50000 SH DEFINED 011620 50000 UNIFI, INC. COM 904677101 2498 92935 SH DEFINED 01 92935 UNILEVER NV NY SHRS COM 904784501 5775 50000 SH DEFINED 0124 50000 UNILEVER NV NY SHRS COM 904784501 566 4900 SH DEFINED 0125 4900 UNILEVER NV NY SHRS COM 904784501 81 700 SH DEFINED 0102 700 UNILEVER NV NY SHRS COM 904784501 708 6132 SH DEFINED 0103 6132 UNION CAMP CORP COM 905530101 21431 450000 SH DEFINED 0130 450000 UNION CAMP CORP COM 905530101 7144 150000 SH DEFINED 0108 150000 UNION CAMP CORP COM 905530101 23813 500000 SH DEFINED 0113 500000 UNION CAMP CORP COM 905530101 119 2500 SH DEFINED 0125 2500 UNION CAMP CORP COM 905530101 19 400 SH DEFINED 0102 400 UNION CAMP CORP COM 905530101 8334 175000 SH DEFINED 0131 175000 UNION CAMP CORP COM 905530101 508 10671 SH DEFINED 0103 10671 UNION CARBIDE CORP COM 905581104 86 3836 SH DEFINED 0103 3836 UNION ELECTRIC COM 906548102 104 2657 SH DEFINED 0103 2657 UNION PACIFIC CORP COM 907818108 23484 375000 SH DEFINED 0130 375000 UNION PACIFIC CORP COM 907818108 977 15600 SH DEFINED 0125 15600 UNION PACIFIC CORP COM 907818108 5192 82900 SH DEFINED 011618 82900 UNION PACIFIC CORP COM 907818108 138 2200 SH DEFINED 0102 2200 UNION PACIFIC CORP COM 907818108 734 11713 SH DEFINED 0103 11713 UNION TEXAS PETRO HL COM 908640105 12225 600000 SH DEFINED 0124 600000 UNISYS CORP COM 909214108 52 4131 SH DEFINED 0103 4131 UNISYS CORP $3.75 CONV PFD STOCK 909214207 2516 52000 SH DEFINED 0128 52000 UNISYS CORP $3.75 CONV PFD STOCK 909214207 6047 125000 SH DEFINED 0132 125000 UNISYS CORP $3.75 CONV PFD STOCK 909214207 6066 125400 SH DEFINED 0109 125400 UNISYS CORP $3.75 CONV PFD STOCK 909214207 4015 83000 SH DEFINED 0107 83000 UNISYS CORP $3.75 CONV PFD STOCK 909214207 8079 167000 SH DEFINED 0131 167000 UNISYS CORP $3.75 CONV PFD STOCK 909214207 508 10500 SH DEFINED 0103 10500 UNITED ASSET MGMT CO COM 909420101 14727 360300 SH DEFINED 011516 360300 UNITED HEALTHCARE COM 910581107 3035 40000 SH DEFINED 0106 40000 UNITED HEALTHCARE COM 910581107 18969 250000 SH DEFINED 0111 250000 UNITED HEALTHCARE COM 910581107 18969 250000 SH DEFINED 0124 250000 UNITED HEALTHCARE COM 910581107 2921 38500 SH DEFINED 011622 38500 UNITED HEALTHCARE COM 910581107 6510 85800 SH DEFINED 011623 85800 UNITED HEALTHCARE COM 910581107 7588 100000 SH DEFINED 011618 100000 UNITED HEALTHCARE COM 910581107 2200 29000 SH DEFINED 011614 29000 UNITED HEALTHCARE COM 910581107 3794 50000 SH DEFINED 0131 50000 UNITED INT'L HLDING COM 910734102 767 22400 SH DEFINED 011619 22400 UNITED INT'L HLDING COM 910734102 7330 214000 SH DEFINED 0102 214000 UNITED INT'L HLDING COM 910734102 110 3200 SH DEFINED 0103 3200 U.S. BANCORP COM 911596104 15625 625000 SH DEFINED 0113 625000 U.S. BANCORP COM 911596104 64 2558 SH DEFINED 0103 2558 U S BANKNOTE CORP COM 911623106 5100 800000 SH DEFINED 0111 800000 US AIR GROUP INC. COM 911905107 19 1476 SH DEFINED 0103 1476 US HEALTH CARE INC COM 911910107 20169 350000 SH DEFINED 0124 350000 US HEALTH CARE INC COM 911910107 8644 150000 SH DEFINED 011618 150000 US LONG DISTANCE COM 911912202 1884 132200 SH DEFINED 0106 132200 US LONG DISTANCE COM 911912202 570 40000 SH DEFINED 011619 40000 US LONG DISTANCE COM 911912202 1340 94000 SH DEFINED 011614 94000 US LONG DISTANCE COM 911912202 5398 378700 SH DEFINED 0102 378700 PAGE 67 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE US LONG DISTANCE COM 911912202 396 27800 SH DEFINED 0131 27800 US LONG DISTANCE COM 911912202 100 7000 SH DEFINED 0103 7000 U. S. SURGICAL CORP COM 912707106 675 30000 SH DEFINED 0106 30000 U. S. SURGICAL CORP COM 912707106 360 16000 SH DEFINED 011614 16000 U. S. SURGICAL CORP COM 912707106 1125 50000 SH DEFINED 0131 50000 U. S. SURGICAL CORP COM 912707106 31 1377 SH DEFINED 0103 1377 U S WEST COM 912889102 68813 1500000 SH DEFINED 0126 1500000 U S WEST COM 912889102 11469 250000 SH DEFINED 0132 250000 U S WEST COM 912889102 5922 129100 SH DEFINED 0125 129100 U S WEST COM 912889102 4588 100000 SH DEFINED 0107 100000 U S WEST COM 912889102 3441 75000 SH DEFINED 011622 75000 U S WEST COM 912889102 8074 176000 SH DEFINED 011623 176000 U S WEST COM 912889102 8258 180000 SH DEFINED 011618 180000 U S WEST COM 912889102 851 18550 SH DEFINED 0102 18550 U S WEST COM 912889102 8533 186000 SH DEFINED 0131 186000 U S WEST COM 912889102 3283 71558 SH DEFINED 0103 71558 U S WEST COM 912889102 96 2100 SH DEFINED 01 2100 UNITED TECHNOLOGIES COM 913017109 195 3148 SH DEFINED 0103 3148 UNITED TELECOM $100 PREFERRED STOCK 9130259A2 4236 42358 SH DEFINED 0105 42358 UNIVERSITY PATENTS COM 914802103 1225 200000 SH DEFINED 0106 200000 UNOCAL CORP COM 915289102 173 6199 SH DEFINED 0103 6199 UPJOHN COM 915302103 17475 600000 SH DEFINED 0113 600000 UPJOHN COM 915302103 129 4426 SH DEFINED 0103 4426 USLIFE CORP COM 917318107 23 591 SH DEFINED 0103 591 UTILICORP UNITED INC COM 918005109 6350 200000 SH DEFINED 0132 200000 V. F. CORP COM 918204108 73 1572 SH DEFINED 0103 1572 VAALREEFS EXP & MNG COM 918506403 1013 100000 SH DEFINED 0127 100000 VALENCE TECH COM 918914102 4270 280000 SH DEFINED 0106 280000 VALENCE TECH COM 918914102 3050 200000 SH DEFINED 0111 200000 VALENCE TECH COM 918914102 381 25000 SH DEFINED 011619 25000 VALENCE TECH COM 918914102 3027 198500 SH DEFINED 011614 198500 VALENCE TECH COM 918914102 6486 425400 SH DEFINED 0102 425400 VALENCE TECH COM 918914102 4179 274000 SH DEFINED 0131 274000 VALENCE TECH COM 918914102 102 6700 SH DEFINED 0103 6700 VANGUARD STAR FUND COM 921909107 1 92 SH DEFINED 01 92 VANGUARD CELL SYS COM 922022108 3656 125000 SH DEFINED 0106 125000 VANGUARD CELL SYS COM 922022108 731 25000 SH DEFINED 011619 25000 VANGUARD CELL SYS COM 922022108 2048 70000 SH DEFINED 011614 70000 VANGUARD CELL SYS COM 922022108 5048 172500 SH DEFINED 0102 172500 VANGUARD CELL SYS COM 922022108 2925 100000 SH DEFINED 0131 100000 VANGUARD CELL SYS COM 922022108 392 13400 SH DEFINED 0103 13400 VANGUARD INT'L IND-E COM 922042205 34 2832 SH DEFINED 0102 2832 VARITY CORP COM 92224R602 40 885 SH DEFINED 0103 885 VARITY CORP COM 92224R602 5218 116600 SH DEFINED 01 116600 VENTRITEX INC COM 922814108 4710 120000 SH DEFINED 0106 120000 VENTRITEX INC COM 922814108 3729 95000 SH DEFINED 011614 95000 VENTRITEX INC COM 922814108 5327 135700 SH DEFINED 0102 135700 VENTRITEX INC COM 922814108 4514 115000 SH DEFINED 0131 115000 VENTRITEX INC COM 922814108 94 2400 SH DEFINED 0103 2400 VERITAS SOFTWARE COM 923436109 143 8300 SH DEFINED 0106 8300 PAGE 68 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE VERITAS SOFTWARE COM 923436109 114 6600 SH DEFINED 011614 6600 VIAGENE COM 92552T105 526 54600 SH DEFINED 0106 54600 VIAGENE COM 92552T105 116 12000 SH DEFINED 011619 12000 VIAGENE COM 92552T105 422 43800 SH DEFINED 011614 43800 VIAGENE COM 92552T105 670 69600 SH DEFINED 0131 69600 VIACOM INC CL B COM 925524308 13463 300000 SH DEFINED 0126 300000 VIACOM INC CL B COM 925524308 2244 50000 SH DEFINED 0106 50000 VIACOM INC CL B COM 925524308 6731 150000 SH DEFINED 0111 150000 VIACOM INC CL B COM 925524308 2244 50000 SH DEFINED 011622 50000 VIACOM INC CL B COM 925524308 4936 110000 SH DEFINED 011623 110000 VIACOM INC CL B COM 925524308 4600 102500 SH DEFINED 011516 102500 VIACOM INC CL B COM 925524308 898 20000 SH DEFINED 011614 20000 VIACOM INC CL B COM 925524308 108 2400 SH DEFINED 0102 2400 VIACOM INC CL B COM 925524308 6731 150000 SH DEFINED 0131 150000 VIEW LOGIC COM 926721101 3526 155000 SH DEFINED 0106 155000 VIEW LOGIC COM 926721101 1138 50000 SH DEFINED 011620 50000 VIEW LOGIC COM 926721101 2616 115000 SH DEFINED 011614 115000 VIEW LOGIC COM 926721101 5479 240800 SH DEFINED 0102 240800 VIEW LOGIC COM 926721101 4550 200000 SH DEFINED 0131 200000 VIEW LOGIC COM 926721101 111 4900 SH DEFINED 0103 4900 VIRATEK INC COM 927648105 1344 125000 SH DEFINED 011614 125000 VIRGINIA-AMER WTR CO PREFERRED STOCK 927990200 250 2800 SH DEFINED 0113 2800 VISHAY INTRTECHNOLOG COM 928298108 8781 250000 SH DEFINED 0124 250000 VISHAY INTRTECHNOLOG COM 928298108 18441 525000 SH DEFINED 011516 525000 VISHAY INTRTECHNOLOG COM 928298108 12294 350000 SH DEFINED 011618 350000 VISHAY INTRTECHNOLOG COM 928298108 507 14415 SH DEFINED 0102 14415 VISHAY INTRTECHNOLOG COM 928298108 889 25305 SH DEFINED 0103 25305 VISHAY INTRTECHNOLOG COM 928298108 9519 271000 SH DEFINED 01 271000 VODAFONE GROUP ADR COM 92857T107 8925 100000 SH DEFINED 0130 100000 VODAFONE GROUP ADR COM 92857T107 3570 40000 SH DEFINED 0106 40000 VODAFONE GROUP ADR COM 92857T107 8925 100000 SH DEFINED 011516 100000 VODAFONE GROUP ADR COM 92857T107 2321 26000 SH DEFINED 011614 26000 VODAFONE GROUP ADR COM 92857T107 54 600 SH DEFINED 0102 600 VODAFONE GROUP ADR COM 92857T107 8033 90000 SH DEFINED 0131 90000 VODAFONE GROUP ADR COM 92857T107 714 8000 SH DEFINED 0103 8000 VODAFONE GROUP ADR COM 92857T107 7577 84900 SH DEFINED 01 84900 WICOR INC COM 929253102 6139 194900 SH DEFINED 0132 194900 WMX TECHNOLOGIES INC COM 92929Q107 135 5100 SH DEFINED 0102 5100 WMX TECHNOLOGIES INC COM 92929Q107 332 12593 SH DEFINED 0103 12593 WABAN INC CVT CONV BOND 929394AA2 23375 25000000 PRN DEFINED 011516 25000000 WABAN INC CVT CONV BOND 929394AA2 935 1000000 PRN DEFINED 011620 1000000 WABAN INC COM 929394104 4633 340000 SH DEFINED 0128 340000 WABAN INC COM 929394104 4088 300000 SH DEFINED 0131 300000 WABAN INC COM 929394104 218 16000 SH DEFINED 0103 16000 WABASH NATL COM 929566107 680 20000 SH DEFINED 011619 20000 WABASH NATL COM 929566107 1020 30000 SH DEFINED 011620 30000 WABASH NATL COM 929566107 2788 82000 SH DEFINED 01 82000 WACHOVIA CORP COM 929771103 147 4399 SH DEFINED 0103 4399 WAL MART STORES COM 931142103 25000 1000000 SH DEFINED 0126 1000000 WAL MART STORES COM 931142103 7500 300000 SH DEFINED 0111 300000 PAGE 69 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE WAL MART STORES COM 931142103 2423 96900 SH DEFINED 0125 96900 WAL MART STORES COM 931142103 2500 100000 SH DEFINED 011622 100000 WAL MART STORES COM 931142103 5375 215000 SH DEFINED 011623 215000 WAL MART STORES COM 931142103 12500 500000 SH DEFINED 011516 500000 WAL MART STORES COM 931142103 8750 350000 SH DEFINED 011618 350000 WAL MART STORES COM 931142103 109573 4381763 SH DEFINED 0102 1601600 2780163 WAL MART STORES COM 931142103 8750 350000 SH DEFINED 0131 350000 WAL MART STORES COM 931142103 7336 293368 SH DEFINED 0103 195050 98318 WAL MART STORES COM 931142103 2348 93900 SH DEFINED 01 93900 WALGREEN CO. COM 931422109 33 800 SH DEFINED 0125 800 WALGREEN CO. COM 931422109 47211 1155000 SH DEFINED 011516 1155000 WALGREEN CO. COM 931422109 4 100 SH DEFINED 0102 100 WALGREEN CO. COM 931422109 145 3548 SH DEFINED 0103 3548 WARNER LAMBERT CO COM 934488107 16875 250000 SH DEFINED 0113 250000 WARNER LAMBERT CO COM 934488107 8438 125000 SH DEFINED 0124 125000 WARNER LAMBERT CO COM 934488107 239 3543 SH DEFINED 0103 3543 WASHINGTON GAS LIGHT COM 938837101 2904 70400 SH DEFINED 0132 70400 WASHINGTON WATER POW COM 940688104 5625 300000 SH DEFINED 0132 300000 WAXMAN IND WARRANTS WARRANT 944124999 188 150000 SH DEFINED 0105 150000 WEBCRAFT TECH COM 947625992 0 32502 SH DEFINED 0104 32502 WEBCRAFT TECH COM 947625992 0 32502 SH DEFINED 0109 32502 WELLFLEET COMM INC COM 949497101 19350 300000 SH DEFINED 011516 300000 WELLFLEET COMM INC COM 949497101 774 12000 SH DEFINED 011619 12000 WELLFLEET COMM INC COM 949497101 10701 165900 SH DEFINED 0102 165900 WELLFLEET COMM INC COM 949497101 206 3200 SH DEFINED 0103 3200 WELLMAN INC COM 949702104 3750 200000 SH DEFINED 0128 200000 WELLMAN INC COM 949702104 23240 1239430 SH DEFINED 0102 434300 805130 WELLMAN INC COM 949702104 4500 240000 SH DEFINED 0131 240000 WELLS FARGO & CO COM 949740104 191 1476 SH DEFINED 0103 1476 WELLSFORD RES PROP COM 950241109 344 13300 SH DEFINED 0107 13300 WENDYS INTL INC COM 950590109 12163 700000 SH DEFINED 0126 700000 WENDYS INTL INC COM 950590109 3475 200000 SH DEFINED 0111 200000 WENDYS INTL INC COM 950590109 1171 67400 SH DEFINED 0125 67400 WENDYS INTL INC COM 950590109 2606 150000 SH DEFINED 011622 150000 WENDYS INTL INC COM 950590109 5908 340000 SH DEFINED 011623 340000 WENDYS INTL INC COM 950590109 6081 350000 SH DEFINED 011618 350000 WENDYS INTL INC COM 950590109 1571 90294 SH DEFINED 0102 90294 WENDYS INTL INC COM 950590109 1321 76058 SH DEFINED 0103 46200 29858 WENDYS INTL INC COM 950590109 737 42400 SH DEFINED 01 42400 WESTCOAST ENERGY COM 95751D102 20625 1250000 SH DEFINED 0130 1250000 WESTCOAST ENERGY COM 95751D102 4950 300000 SH DEFINED 0132 300000 WESTCOAST ENERGY COM 95751D102 16500 1000000 SH DEFINED 0124 1000000 WESTCOAST ENERGY COM 95751D102 1650 100000 SH DEFINED 0107 100000 WESTCOAST ENERGY COM 95751D102 4950 300000 SH DEFINED 011618 300000 WESTCOAST ENERGY COM 95751D102 3069 186000 SH DEFINED 01 186000 WEST DEEP LEVELS ADR COM 958077208 1455 30000 SH DEFINED 0127 30000 WESTERN RES COM 959425109 7149 205000 SH DEFINED 0132 205000 WESTERN RESOURCE INC PREFERRED STOCK 959425406 603 10000 SH DEFINED 0113 10000 WESTFED HLDGS SER B COM 960080109 0 13019 SH DEFINED 0104 13019 WESTFED HLDGS SER B COM 960080109 0 21699 SH DEFINED 0109 21699 PAGE 70 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE WESTFED SER A PIK PREFERRED STOCK 960080208 43 42753 SH DEFINED 0104 42753 WESTFED SER A PIK PREFERRED STOCK 960080208 71 71264 SH DEFINED 0109 71264 WESTINGHOUSE ELEC COM 960402105 8475 600000 SH DEFINED 0124 600000 WESTINGHOUSE ELEC COM 960402105 125 8852 SH DEFINED 0103 8852 WESTVACO CORP COM 961548104 14250 400000 SH DEFINED 0113 400000 WESTVACO CORP COM 961548104 63 1772 SH DEFINED 0103 1772 WEYERHAEUSER COM 962166104 26775 600000 SH DEFINED 0130 600000 WEYERHAEUSER COM 962166104 11156 250000 SH DEFINED 0108 250000 WEYERHAEUSER COM 962166104 20528 460000 SH DEFINED 0126 460000 WEYERHAEUSER COM 962166104 31238 700000 SH DEFINED 0124 700000 WEYERHAEUSER COM 962166104 357 8000 SH DEFINED 0125 8000 WEYERHAEUSER COM 962166104 2901 65000 SH DEFINED 0107 65000 WEYERHAEUSER COM 962166104 10710 240000 SH DEFINED 011618 240000 WEYERHAEUSER COM 962166104 159319 3570216 SH DEFINED 0102 1372700 2197516 WEYERHAEUSER COM 962166104 6996 156812 SH DEFINED 0103 148200 8612 WEYERHAEUSER COM 962166104 30257 678000 SH DEFINED 01 678000 WHIRLPOOL CORP COM 963320106 118 1770 SH DEFINED 0103 1770 WHITMAN CORP COM 96647K102 45 2754 SH DEFINED 0103 2754 WILLAMETTE IND INC COM 969133107 9900 200000 SH DEFINED 0108 200000 WILLAMETTE IND INC COM 969133107 1238 25000 SH DEFINED 011620 25000 WILLIAM COMPANIES COM 969457100 57 2348 SH DEFINED 0103 2348 WILLIAMS SONOMA COM 969904101 64 1550 SH DEFINED 0102 1550 WILLIAMS SONOMA COM 969904101 891 21600 SH DEFINED 0103 21600 WINN-DIXIE COM 974280109 105 1967 SH DEFINED 0103 1967 WINTSON FURN COM 975629106 475 40000 SH DEFINED 0107 40000 WISCONSIN ELEC PWR PREFERRED STOCK 976656702 86 854 SH DEFINED 0116 854 WITCO CORP COM 977385103 11953 375000 SH DEFINED 0130 375000 WITCO CORP COM 977385103 3188 100000 SH DEFINED 0107 100000 WOOLWORTH CORP COM 980883102 85 3344 SH DEFINED 0103 3344 WORTHINGTON IND COM 981811102 12813 625000 SH DEFINED 0108 625000 WORTHINGTON IND COM 981811102 12410 605350 SH DEFINED 0102 279700 325650 WORTHINGTON IND COM 981811102 48 2362 SH DEFINED 0103 2362 WRIGLEY WM JR CO COM 982526105 11693 265000 SH DEFINED 011516 265000 WRIGLEY WM JR CO COM 982526105 135 3051 SH DEFINED 0103 3051 XOMA CORP WARRANTS WARRANT 983907999 3 4142 SH DEFINED 011516 4142 XIRCOM INC COM 983922105 1700 100000 SH DEFINED 0106 100000 XIRCOM INC COM 983922105 799 47000 SH DEFINED 011619 47000 XIRCOM INC COM 983922105 1700 100000 SH DEFINED 011614 100000 XIRCOM INC COM 983922105 5468 321600 SH DEFINED 0102 321600 XIRCOM INC COM 983922105 102 6000 SH DEFINED 0103 6000 XEROX COM 984121103 29047 325000 SH DEFINED 0130 325000 XEROX COM 984121103 17875 200000 SH DEFINED 0126 200000 XEROX COM 984121103 24578 275000 SH DEFINED 0113 275000 XEROX COM 984121103 4424 49500 SH DEFINED 0125 49500 XEROX COM 984121103 8938 100000 SH DEFINED 011618 100000 XEROX COM 984121103 15702 175680 SH DEFINED 0102 46350 129330 XEROX COM 984121103 8938 100000 SH DEFINED 0131 100000 XEROX COM 984121103 3275 36656 SH DEFINED 0103 9100 27556 XEROX COM 984121103 6972 78000 SH DEFINED 01 78000 YPF COM 984245100 10400 400000 SH DEFINED 0124 400000 PAGE 71 VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE YPF COM 984245100 9100 350000 SH DEFINED 011618 350000 YPF COM 984245100 1560 60000 SH DEFINED 0131 60000 YELLOW CORPORATION COM 985509108 17 688 SH DEFINED 0103 688 YORK INTL CORP NEW COM 986670107 4583 130000 SH DEFINED 011618 130000 YOUNKERS INC COM 987767100 2930 130200 SH DEFINED 0128 130200 YOUNKERS INC COM 987767100 1211 53800 SH DEFINED 0131 53800 YOUNKERS INC COM 987767100 113 5000 SH DEFINED 0103 5000 ZENITH ELECTRONICS COM 989349105 5 688 SH DEFINED 0103 688 ZERO CORP COM 989484100 2941 182400 SH DEFINED 0128 182400 ZURN INDUSTRIES COM 989824107 8 295 SH DEFINED 0103 295 ZOLL MEDICAL COM 989922109 3300 110000 SH DEFINED 0106 110000 ZOLL MEDICAL COM 989922109 900 30000 SH DEFINED 011619 30000 ZOLL MEDICAL COM 989922109 2700 90000 SH DEFINED 011614 90000 ZOLL MEDICAL COM 989922109 5928 197600 SH DEFINED 0102 197600 ZOLL MEDICAL COM 989922109 4200 140000 SH DEFINED 0131 140000 ZOLL MEDICAL COM 989922109 96 3200 SH DEFINED 0103 3200 FEDERAL INCOME FUND COM 990008443 154789 13272905 SH DEFINED 0103 11284803 1988102 EQY BASE INDEX COM 990008450 88808 7306292 SH DEFINED 0103 7306292 MANAGED GIC FUND COM 990009326 83472 3907135 SH DEFINED 0103 3907135 REPORT SUMMARY 3419 DATA RECORDS 25627660 34 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
-----END PRIVACY-ENHANCED MESSAGE-----