13F-HR 1 d13fhr.txt FORM 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2002 -------------- Check here if Amendment Amendment Number: -------------- This Amendment (Check only one.): is a restatement. adds new holdings entries. Institutional Investment Manager Filing this Report: Name: CFBD I, LLC --------------------------------------------- Address: 30 W. Wacker Dr. #2707 --------------------------------------------- Chicago, IL 60606 --------------------------------------------- --------------------------------------------- Form 13F File Number: 28-05539 ----------------- The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: John Gordon --------------------------------------------- Title: Chief Financial Officer --------------------------------------------- Phone: (312) 906-7366 --------------------------------------------- Signature, Place, and Date of Signing: /s/ John Gordon Chicago, IL 11/14/02 ------------------------ ----------------------------- -------------- [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.] Form 13F File Number Name 28- ------------------ ------------------------ [Repeat as necessary.] Report Summary: Number of Other Included Managers: None -------------------- Form 13F information Table Entry Total: 352 -------------------- Form 13F Information Table Value Total: $692,918 --------------------

------------------------------------------------------------------------------------------------------------------------------------ Title Value Shares/ Shr/ Investment Other Sole Name of Issuer ~~Title~~ or Class Cusip (000) Prin Amnt Put/Call Discretion ~~Other~~ Managers ~~Sole~~ Voting Auth ------------------------------------------------------------------------------------------------------------------------------------ ~~ALCOA~~3COM ~~INC~~CORP Com ~~013817101~~885535104 ~~1,591~~394 48100,000 SH sole N/A 48100,000 ~~ALCOA~~A ~~INC~~T & T CORP Com ~~013817101~~001957109 23,~~055~~288 62273,~~000~~800 ~~Put~~SH sole N/A 62273,~~000~~800 ~~APPLE~~AES ~~COMPUTER~~CORPORATION ~~INC~~ Com ~~037833100~~00130H105 ~~1,329~~377 75150,000 SH sole N/A 75150,000 ~~ABBOTT~~AES ~~LABORATORIES~~CORPORATION Com ~~002824100~~00130H105 ~~1,318~~402 35160,000 SHPut sole N/A 35160,000 ~~AXCELIS~~AFFILIATED ~~TECHNOLOGIES~~COMPUTER ~~INC~~SVCS-A Com ~~054540109~~008190100 ~~565~~4,255 50100,000 SH sole N/A 50100,000 AFFILIATED COMPUTER SVCS-A Com 008190100 76,~~122~~383 150,000 Put sole N/A 150,000 AFFILIATED COMPUTER SVCS-A Com 008190100 76,~~122~~383 150,000 Call sole N/A 150,000 ~~ANALOG~~AGILENT ~~DEVICES~~TECHNOLOGIES INC Com ~~032654105~~00846U101 ~~743~~522 2540,000 SH sole N/A 2540,000 ~~ANALOG~~ALCATEL ~~DEVICES~~SA -SPONSORED ADR Com ~~032654105~~013904305 ~~1,485~~613 50262,~~000~~900 ~~Call~~SH sole N/A 50262,~~000~~900 ~~ARCHER~~ALCATEL SA -~~DANIELS-MIDLAND~~SPONSORED COADR Com ~~039483102~~013904305 ~~448~~1,165 35500,000 SHPut sole N/A 35500,000 ~~AUTOMATIC~~ALCOA ~~DATA~~INC ~~PROCESSING~~ Com ~~053015103~~013817101 ~~1,716~~965 3950,~~400~~000 SH sole N/A 3950,~~400~~000 ~~ANDRX~~ALLEGHENY ~~GROUP~~ENERGY INC Com ~~034553107~~017361106 31,769 ~~100~~135,000 SH sole N/A ~~100~~135,000 ~~ANDRX~~ALLEGHENY ~~GROUP~~ENERGY INC Com ~~034553107~~017361106 ~~539~~1,310 20100,000 Put sole N/A 20100,000 ~~ANDRX~~ALLEGHENY ~~GROUP~~ENERGY INC Com ~~034553107~~017361106 12,~~349~~227 50170,000 ~~Call~~Put sole N/A 50170,000 ~~AUTODESK~~ALLIANCE ~~INC~~GAMING CORP Com ~~052769106~~01859P609 ~~431~~770 3250,~~500~~000 SHPut sole N/A 3250,~~500~~000 ~~AES~~ALLIANCE ~~CORPORATION~~GAMING CORP Com ~~00130H105~~01859P609 ~~298~~770 5550,000 SHCall sole N/A 5550,000 ~~AES~~ALLIANCE ~~CORPORATION~~GAMING CORP Com ~~00130H105~~01859P609 ~~867~~770 ~~160~~50,000 ~~Put~~Call sole N/A ~~160~~50,000 ~~ALLERGAN~~ALLTEL ~~INC~~ Com ~~018490102~~020039103 ~~6,675~~321 ~~100~~8,000 ~~Put~~Call sole N/A ~~100~~8,000 ~~ALLERGAN~~ALLTEL ~~INC~~ Com ~~018490102~~020039103 31,~~338~~304 5032,~~000~~500 ~~Put~~Call sole N/A 5032,~~000~~500 ~~ALLERGAN~~AMAZON.COM INC Com ~~018490102~~023135106 3,~~338~~186 50200,000 ~~Call~~Put sole N/A 50200,000 ~~ALLERGAN~~AMDOCS ~~INC~~LTD Com ~~018490102~~G02602103 ~~9,372~~518 ~~140~~81,~~400~~000 ~~Call~~SH sole N/A ~~140~~81,~~400~~000 ~~AMERADA~~AMER ~~HESS~~TOWER ~~CORP~~ Com ~~023551104~~029912201 ~~825~~239 10150,000 SHPut sole N/A 10150,000 ~~AMERADA~~AMERICA ~~HESS~~ONLINE ~~CORP~~INC Com ~~023551104~~02364J104 45,~~125~~850 50500,000 ~~Put~~SH sole N/A 50500,000 ~~AMERADA~~AMERICA ~~HESS~~ONLINE ~~CORP~~INC Com ~~023551104~~02364J104 45,~~125~~850 50500,000 Put sole N/A 50500,000 ~~APRIA~~AMERICA ~~HEALTHCARE~~ONLINE ~~GRP~~INC Com ~~037933108~~02364J104 ~~560~~5,850 25500,000 SHCall sole N/A 25500,000 ~~APRIA~~AMERICAN ~~HEALTHCARE~~INTERNATIONAL ~~GRP~~GROUP Com ~~037933108~~026874107 12,~~120~~735 50,000 Put sole N/A 50,000 ~~ALCATEL~~AMERICAN SAINTERNATIONAL ~~-SPONSORED~~GROUP ~~ADR~~ Com ~~013904305~~026874107 ~~711~~2,735 ~~100~~50,000 SHCall sole N/A ~~100~~50,000 ~~ALCATEL~~AMGEN SAINC ~~-SPONSORED ADR~~ Com ~~013904305~~031162100 ~~3,555~~834 ~~500~~20,000 ~~Put~~SH sole N/A ~~500~~20,000 ~~ALLIANCE~~AMR ~~GAMING~~ CORP/DEL Com ~~01859P609~~001765106 ~~367~~209 3050,000 SH sole N/A 3050,000 ~~ALLIANCE~~AMR ~~GAMING~~ CORP/DEL Com ~~01859P609~~001765106 ~~611~~418 50100,000 Call sole N/A 50100,000 ~~ALLIANCE~~ANADARKO ~~GAMING~~PETROLEUM CORP Com ~~01859P609~~032511107 ~~611~~3,341 5075,000 Call sole N/A 5075,000 ~~AMER~~ANADARKO ~~TOWER~~PETROLEUM CORP Com ~~029912201~~032511107 ~~518~~557 ~~150~~12,~~000~~500 ~~Put~~Call sole N/A ~~150~~12,~~000~~500 ~~AUTONATION~~ANDRX ~~INC~~GROUP Com ~~05329W102~~034553107 ~~580~~443 4020,000 SH sole N/A 4020,000 ANNTAYLOR STORES CORP Com 036115103 ~~508~~691 2030,000 SH sole N/A 2030,000 ~~AON~~APPLE COMPUTER INC Com ~~037389103~~037833100 ~~280~~1,088 975,~~500~~000 SH sole N/A 975,~~500~~000 ~~AMERICA~~APPLE ~~ONLINE~~COMPUTER INC Com ~~02364J104~~037833100 74,~~634~~350 ~~519~~300,000 ~~Put~~Call sole N/A ~~519~~300,000 ~~AMERICA~~AQUILA ~~ONLINE~~ INC Com ~~02364J104~~03840J106 ~~3,751~~513 ~~255~~125,000 ~~Put~~SH sole N/A ~~255~~125,000 ~~AMERICA~~AQUILA ~~ONLINE~~ INC Com ~~02364J104~~03840J106 ~~7,355~~615 ~~500~~150,000 Put sole N/A ~~500~~150,000 ~~AMERICA~~AUTOMATIC ~~ONLINE~~DATA ~~INC~~PROCESSING Com ~~02364J104~~053015103 71,~~355~~217 ~~500~~35,000 ~~Call~~SH sole N/A ~~500~~35,000 ~~ALLIANT~~AUTOMATIC ~~TECHSYSTEMS~~DATA ~~INC~~PROCESSING Com ~~018804104~~053015103 ~~479~~904 726,~~500~~000 SHCall sole N/A 726,~~500~~000 ~~AVON~~AVALONBAY ~~PRODUCTS~~COMMUN ~~INC~~ Com ~~054303102~~053484101 51,~~224~~463 ~~100~~35,000 Call sole N/A ~~100~~35,000 AVON PRODUCTS INC Com 054303102 54,~~224~~610 100,000 Call sole N/A 100,000 ~~BEST~~BANK ~~BUY~~ONE ~~COMPANY~~CORP ~~INC~~ Com ~~086516101~~06423A103 32,~~594~~618 9970,000 SH sole N/A 9970,000 ~~BEST~~BANK ~~BUY~~ONE ~~COMPANY~~CORP ~~INC~~ Com ~~086516101~~06423A103 27,~~723~~480 75200,000 Put sole N/A 75200,000 ~~BEST~~BANK ~~BUY~~ONE ~~COMPANY~~CORP ~~INC~~ Com ~~086516101~~06423A103 23,~~723~~740 75100,000 Call sole N/A 75100,000 ~~BEA~~BANKUNITED ~~SYSTEMS~~FINANCIAL ~~INC~~CORP-A Com ~~073325102~~06652B103 ~~476~~558 5035,000 SH sole N/A 5035,000 BAUSCH & LOMB INC Com 071707103 3,317 100,000 Put sole N/A 100,000

Page 1 of 8

------------------------------------------------------------------------------------------------------------------------------------ Title Value Shares/ Shr/ Investment Other Sole Name of Issuer ~~Title~~ or Class Cusip (000) Prin Amnt Put/Call Discretion ~~Other~~ Managers ~~Sole~~ Voting Auth ------------------------------------------------------------------------------------------------------------------------------------ ~~BIOGEN~~BEST BUY COMPANY INC Com ~~090597105~~086516101 ~~2,386~~892 5740,~~600~~000 SHCall sole N/A 5740,~~600~~000 BIOGEN INC Com 090597105 42,~~143~~927 100,000 ~~Put~~Call sole N/A 100,000 ~~BIOGEN~~BIOVAIL ~~INC~~CORP Com ~~090597105~~09067J109 21,~~072~~728 5070,000 ~~Call~~SH sole N/A 5070,000 BJBIOVAIL ~~SERVICES~~CORP COCom 09067J109 3,086 125,000 Put sole N/A 125,000 BIOVAIL CORP Com ~~055482103~~09067J109 1,~~694~~235 50,000 Call sole N/A 50,000 ~~BELLSOUTH~~BIOVAIL CORP Com ~~079860102~~09067J109 ~~788~~1,235 2550,000 SHCall sole N/A 2550,000 ~~BRISTOL-MYERS~~BJ ~~SQUIBB~~SERVICES CO Com ~~110122108~~055482103 ~~1,928~~650 7525,000 SH sole N/A 7525,000 ~~BRISTOL-MYERS~~BJ ~~SQUIBB~~SERVICES CO Com ~~110122108~~055482103 2,~~570~~600 100,000 Put sole N/A 100,000 ~~BRISTOL-MYERS~~BJ ~~SQUIBB~~SERVICES CO Com ~~110122108~~055482103 31,~~855~~300 ~~150~~50,000 Call sole N/A ~~150~~50,000 BRISTOL-MYERS SQUIBB CO Com 110122108 72,~~710~~380 ~~300~~100,000 Call sole N/A ~~300~~100,000 BROADWING INC Com 111620100 ~~195~~248 75125,000 SH sole N/A 75125,000 ~~BIOVAIL~~CALPINE ~~CORP~~CORPORATION Com ~~09067J109~~131347106 ~~290~~618 10250,000 SH sole N/A 10250,000 ~~BIOVAIL~~CALPINE ~~CORP~~CORPORATION Com ~~09067J109~~131347106 31,~~620~~235 ~~125~~500,000 Put sole N/A ~~125~~500,000 ~~BIOVAIL~~CALPINE ~~CORP~~CORPORATION Com ~~09067J109~~131347106 ~~1,448~~618 50250,000 ~~Call~~Put sole N/A 50250,000 ~~CITIGROUP~~CALPINE ~~INC~~CORPORATION Com ~~172967101~~131347106 ~~2,775~~492 71199,~~900~~000 SHCall sole N/A 71199,~~900~~000 ~~CITIGROUP~~CAMPBELL ~~INC~~SOUP CO Com ~~172967101~~134429109 51,~~813~~656 ~~150~~75,000 ~~Put~~Call sole N/A ~~150~~75,000 ~~CITIGROUP~~CAPITAL ~~INC~~ONE FINANCIAL CORP Com ~~172967101~~14040H105 15,~~938~~238 50150,000 Call sole N/A 50150,000 ~~COMPUTER~~CAPTARIS ~~ASSOCIATES INTL~~ INC Com ~~204912109~~14071N104 ~~5,244~~92 ~~330~~40,000 ~~Put~~SH sole N/A ~~330~~40,000 ~~CONTINENTAL~~CARDINAL ~~AIRLINES-CL~~HEALTH BINC Com ~~210795308~~14149Y108 ~~513~~6,220 32100,~~500~~000 SHCall sole N/A 32100,~~500~~000 ~~CAPTARIS~~CARNIVAL ~~INC~~CORP Com ~~14071N104~~143658102 ~~118~~126 405,000 SH sole N/A 405,000 ~~CLEAR~~CASTLE ~~CHANNEL~~ENERGY ~~COMMUNICATIONS~~CORP Com ~~184502102~~148449309 ~~480~~120 1531,~~000~~700 SH sole N/A 1531,~~000~~700 ~~CLEAR~~CATERPILLAR ~~CHANNEL~~INC ~~COMMUNICATIONS~~ Com ~~184502102~~149123101 ~~3,202~~93 ~~100~~2,~~000~~500 ~~Call~~SH sole N/A ~~100~~2,~~000~~500 ~~CAL~~CATERPILLAR ~~DIVE INTERNATIONAL~~ INC Com ~~127914109~~149123101 ~~110~~1,768 547,~~000~~500 SHCall sole N/A 547,~~000~~500 ~~CASTLE~~CENTURYTEL ~~ENERGY~~INC ~~CORP~~ Com ~~148449309~~156700106 ~~210~~202 319,~~700~~000 SH sole N/A 319,~~700~~000 ~~LOEWS~~CHARMING ~~CORP~~SHOPPES ~~- CAROLINA GROUP~~ Com ~~540424207~~161133103 ~~2,705~~709 ~~100~~105,000 ~~Call~~SH sole N/A ~~100~~105,000 ~~CHESAPEAKE~~CHARMING ~~ENERGY~~SHOPPES ~~CORP~~ Com ~~165167107~~161133103 1,~~440~~013 ~~200~~150,000 Put sole N/A ~~200~~150,000 ~~CHESAPEAKE~~CHARMING ~~ENERGY~~SHOPPES ~~CORP~~ Com ~~165167107~~161133103 ~~1,030~~338 ~~143~~50,000 Call sole N/A ~~143~~50,000 ~~CHECK~~CHARTER ~~POINT~~COMMUNICATIONS ~~SOFTWARE~~INC-A ~~TECH~~ Com ~~M22465104~~16117M107 ~~1,288~~180 9596,~~000~~600 SHCall sole N/A 9596,~~000~~600 CHECK POINT SOFTWARE TECH Com M22465104 ~~2,034~~618 ~~150~~45,000 ~~Call~~SH sole N/A ~~150~~45,000 CHECK POINT SOFTWARE TECH Com M22465104 ~~678~~2,061 50150,000 Call sole N/A 50150,000 ~~CHIPPAC~~CHESAPEAKE ~~INC-A~~ENERGY CORP Com ~~169657103~~165167107 93165 1525,000 SH sole N/A 1525,000 ~~CHARMING~~CHESAPEAKE ~~SHOPPES~~ENERGY CORP Com ~~161133103~~165167107 ~~216~~1,320 25200,000 SHPut sole N/A 25200,000 ~~CHARMING~~CHESAPEAKE ~~SHOPPES~~ENERGY CORP Com ~~161133103~~165167107 1,~~296~~320 ~~150~~200,000 ~~Put~~Call sole N/A ~~150~~200,000 ~~CHARMING~~CHUBB ~~SHOPPES~~CORP Com ~~161133103~~171232101 ~~432~~2,742 50,000 Call sole N/A 50,000 ~~CHARTER~~CHUBB ~~COMMUNICATIONS~~CORP ~~INC-A~~ Com ~~16117M107~~171232101 ~~390~~5,483 96100,~~600~~000 Call sole N/A 96100,~~600~~000 ~~CELESTICA~~CISCO SYSTEMS INC Com ~~15101Q108~~17275R102 4,~~769~~868 ~~210~~464,~~000~~500 ~~Put~~Call sole N/A ~~210~~464,~~000~~500 ~~CMS~~CITIGROUP ~~ENERGY~~INC Com ~~125896100~~172967101 ~~549~~2,965 50100,000 SHCall sole N/A 50100,000 ~~CMS~~COMINCO ~~ENERGY~~LTD Com ~~125896100~~200435105 ~~549~~2,517 5080,000 ~~Put~~Call sole N/A 5080,000 ~~COMVERSE~~COMMONWEALTH ~~TECHNOLOGY~~TELEPHONE ~~INC~~ENTRP Com ~~205862402~~203349105 ~~916~~226 986,~~900~~500 SH sole N/A 986,~~900~~500 ~~COMVERSE~~COMMTOUCH ~~TECHNOLOGY~~SOFTWARE ~~INC~~LTD Com ~~205862402~~M25596103 ~~1,852~~5 ~~200~~50,000 ~~Call~~SH sole N/A ~~200~~50,000 ~~CAREMARK~~COMPUTER RXASSOCIATES INTL INC Com ~~141705103~~204912109 ~~495~~1,536 30160,000 SHPut sole N/A 30160,000 ~~Conol~~COMVERSE ~~Energy,~~TECHNOLOGY ~~Inc.~~INC Com ~~20854P109~~205862402 31,~~655~~447 17207,~~200~~000 SH sole N/A 17207,~~200~~000 ~~CAPITAL~~COMVERSE ~~ONE~~TECHNOLOGY ~~FINANCIAL~~INC ~~CORP~~ Com ~~14040H105~~205862402 ~~1,893~~140 3120,000 SHCall sole N/A 3120,000 ~~CAPITAL~~COMVERSE ~~ONE~~TECHNOLOGY ~~FINANCIAL~~INC ~~CORP~~ Com ~~14040H105~~205862402 31,~~053~~398 50200,000 ~~Put~~Call sole N/A 50200,000 ~~3COM~~CONCORD ~~CORP~~EFS INC Com ~~885535104~~206197105 ~~440~~794 ~~100~~50,000 SH sole N/A ~~100~~50,000 ~~COSTCO~~CORNING ~~WHOLESALE~~INC ~~CORP~~ Com ~~22160K105~~219350105 ~~502~~480 13300,000 SH sole N/A 13300,000 ~~CALPINE~~CORNING ~~CORPORATION~~INC Com ~~131347106~~219350105 ~~2,109~~160 ~~300~~100,000 SHPut sole N/A ~~300~~100,000

Page 2 of 8

------------------------------------------------------------------------------------------------------------------------------------ Title Value Shares/ Shr/ Investment Other Sole Name of Issuer ~~Title~~ or Class Cusip (000) Prin Amnt Put/Call Discretion ~~Other~~ Managers ~~Sole~~ Voting Auth ------------------------------------------------------------------------------------------------------------------------------------ ~~CALPINE~~CORNING ~~CORPORATION~~INC Com ~~131347106~~219350105 ~~703~~402 ~~100~~251,~~000~~500 Put sole N/A ~~100~~251,~~000~~500 ~~CALPINE~~COUNTRYWIDE ~~CORPORATION~~CREDIT IND INC Com ~~131347106~~222372104 24,~~461~~715 ~~350~~100,000 ~~Put~~SH sole N/A ~~350~~100,000 ~~CALPINE~~COUNTRYWIDE ~~CORPORATION~~CREDIT IND INC Com ~~131347106~~222372104 14,~~406~~715 ~~200~~100,000 ~~Call~~Put sole N/A ~~200~~100,000 ~~CSX~~COUNTRYWIDE ~~CORP~~CREDIT IND INC Com ~~126408103~~222372104 ~~326~~4,715 9100,~~300~~000 SHPut sole N/A 9100,~~300~~000 ~~COMMTOUCH~~COUNTRYWIDE ~~SOFTWARE~~CREDIT ~~LTD~~IND INC Com ~~M25596103~~222372104 64,715 50100,000 SHCall sole N/A 50100,000 ~~CENTURYTEL~~D&K HEALTHCARE RESOURCES INC Com ~~156700106~~232861104 ~~1,180~~179 4020,000 ~~Put~~SH sole N/A 4020,000 ~~CUMMINS~~D.R. HORTON INC Com ~~231021106~~23331A109 ~~463~~391 1421,000 SHPut sole N/A 1421,000 ~~CHEVRONTEXACO~~DANAHER CORP Com ~~166764100~~235851102 ~~44,250~~284 ~~500~~5,000 ~~Call~~SH sole N/A ~~500~~5,000 ~~COMMUNITY~~DIGEX ~~HEALTH~~INC ~~SYSTEMS~~ Com ~~203668108~~253756100 ~~804~~9 3050,000 ~~Call~~SH sole N/A 3050,000 ~~Delta~~DIGITAL ~~Air~~IMPACT ~~Lines,~~INC ~~Inc.~~ Com ~~247361108~~25385G106 4867 2439,000 SH sole N/A 2439,000 DUDOLE ~~PONT~~FOOD ~~(E.I.) DE NEMOURS~~ Com ~~263534109~~256605106 ~~511~~435 1115,~~500~~000 SH sole N/A 1115,~~500~~000 ~~DDI~~DREYER'S ~~CORP~~GRAND ~~/CA~~ Com ~~233162106~~261878102 131,984 1328,~~200~~400 SH sole N/A 1328,~~200~~400 ~~D.R.~~DREYER'S ~~HORTON~~GRAND ~~INC~~ Com ~~23331A109~~261878102 ~~484~~3,144 1845,~~600~~000 SHPut sole N/A 1845,~~600~~000 ~~DIGITAL~~DREYER'S ~~IMPACT~~GRAND ~~INC~~ Com ~~25385G106~~261878102 76873 3912,~~000~~500 SHCall sole N/A 3912,~~000~~500 ~~DIGEX~~EBAY INC Com ~~253756100~~278642103 11792 5015,000 SH sole N/A 5015,000 ECHOSTAR COMMUNICATIONS - A Com 278762109 ~~650~~2,699 35156,000 SHPut sole N/A 35156,000 ECHOSTAR COMMUNICATIONS - A Com 278762109 ~~102~~48 52,~~500~~800 ~~Put~~Call sole N/A 52,~~500~~800 ECHOSTAR COMMUNICATIONS - A Com 278762109 ~~1,355~~363 7321,000 ~~Put~~Call sole N/A 7321,000 ~~ECHOSTAR~~EL ~~COMMUNICATIONS~~PASO -CORPORATION A Com ~~278762109~~28336L109 ~~1,438~~227 7727,500 ~~Call~~SH sole N/A 7727,500 ~~ECHOSTAR~~EL ~~COMMUNICATIONS~~PASO -CORPORATION A Com ~~278762109~~28336L109 52620 275,~~800~~000 ~~Call~~Put sole N/A 275,~~800~~000 ~~ECHOSTAR~~ELAN ~~COMMUNICATIONS~~CORP PLC -SPONS AADR Com ~~278762109~~284131208 ~~390~~772 21400,000 ~~Call~~Put sole N/A 21400,000 ~~GENENTECH~~ELAN ~~INC~~CORP PLC -SPONS ADR Com ~~368710406~~284131208 ~~3,350~~537 ~~100~~278,000 ~~Call~~Put sole N/A ~~100~~278,000 ~~DUN~~ELAN &CORP ~~BRADSTREET~~PLC ~~CORP~~-SPONS ADR Com ~~26483B106~~284131208 ~~456~~852 13441,~~800~~200 SHCall sole N/A 13441,~~800~~200 ~~DIAMOND~~ELAN ~~OFFSHORE~~CORP ~~DRILLING~~PLC -SPONS ADR Com ~~25271C102~~284131208 1111 57,~~425~~500 50Call sole N/A 57,500 ELAN CORP PLC -SPONS ADR Com 284131208 15 8,000 ~~Put~~Call sole N/A 508,000 ~~AMDOCS~~ENRON ~~LTD~~CORP Com ~~G02602103~~293561106 ~~596~~0 792,~~000~~300 SH sole N/A 792,~~000~~300 ~~AMDOCS~~ENRON ~~LTD~~CORP Com ~~G02602103~~293561106 ~~378~~0 50100,000 ~~Put~~Call sole N/A 50100,000 ~~DREYER'S~~ENTERASYS ~~GRAND~~NETWORKS INC Com ~~261878102~~293637104 ~~103~~52 140,~~500~~000 SH sole N/A 140,~~500~~000 ~~DREYER'S~~EQUITY ~~GRAND~~OFFICE PROPERTIES TR Com ~~261878102~~294741103 37,~~087~~746 45300,000 ~~Put~~Call sole N/A 45300,000 ~~DSP~~EQUITY ~~GROUP~~RESIDENTIAL ~~INC~~PROPS TR Com ~~23332B106~~29476L107 14,~~103~~788 56200,~~300~~000 SHCall sole N/A 56200,~~300~~000 ~~DUKE~~EQUITY ~~ENERGY~~RESIDENTIAL ~~CORP~~PROPS TR Com ~~264399106~~29476L107 29,~~333~~097 75380,000 ~~Put~~Call sole N/A 75380,000 ~~DEVRY~~FANNIE MAE Com ~~251893103~~313586109 ~~224~~8,931 9150,~~800~~000 SHCall sole N/A 9150,~~800~~000 ~~DEVON~~FANNIE ~~ENERGY~~MAE ~~CORPORATION~~ Com ~~25179M103~~313586109 311,~~696~~908 75200,000 Call sole N/A 75200,000 ~~DEVON~~FIRST ~~ENERGY~~BELL ~~CORPORATION~~BANCORP INC Com ~~25179M103~~319301107 ~~4,928~~332 ~~100~~20,000 ~~Call~~SH sole N/A ~~100~~20,000 ~~EDUCATION~~FIRST ~~MANAGEMENT~~DATA CORP Com ~~28139T101~~319963104 ~~371~~2,096 975,~~100~~000 SH sole N/A 975,~~100~~000 ~~ELAN~~FIRST DATA CORP ~~PLC -SPONS ADR~~ Com ~~284131208~~319963104 822,795 15100,000 SHPut sole N/A 15100,000 ~~ELAN~~FORD ~~CORP~~MOTOR ~~PLC~~COMPANY ~~-SPONS ADR~~ Com ~~284131208~~345370100 1,~~521~~960 ~~278~~200,000 ~~Put~~SH sole N/A ~~278~~200,000 ~~ELAN~~FORD ~~CORP~~MOTOR ~~PLC~~COMPANY ~~-SPONS ADR~~ Com ~~284131208~~345370100 ~~848~~3,920 ~~155~~400,000 ~~Call~~Put sole N/A ~~155~~400,000 ~~EMC~~FORD ~~CORP/MASS~~MOTOR COMPANY Com ~~268648102~~345370100 ~~755~~735 ~~100~~75,000 SHCall sole N/A ~~100~~75,000 ~~EMC~~FOREST ~~CORP/MASS~~LABORATORIES INC Com ~~268648102~~345838106 14,~~133~~101 ~~150~~50,000 Call sole N/A ~~150~~50,000 ~~ENRON~~GAP ~~CORP~~INC Com ~~293561106~~364760108 261,154 ~~249~~106,~~800~~400 SH sole N/A ~~249~~106,~~800~~400 ~~ENRON~~GAP ~~CORP~~INC Com ~~293561106~~364760108 271,302 ~~250~~120,000 Put sole N/A ~~250~~120,000 ~~EQUITY~~GAP ~~OFFICE~~INC ~~PROPERTIES TR~~ Com ~~294741103~~364760108 ~~9,030~~217 ~~300~~20,000 Call sole N/A ~~300~~20,000 ELGEMSTAR-TV ~~PASO~~GUIDE ~~CORPORATION~~INTL INC Com ~~28336L109~~36866W106 ~~1,443~~189 7075,000 SHCall sole N/A 7075,000 ELGENENTECH ~~PASO~~INC ~~CORPORATION~~ Com ~~28336L109~~368710406 13,~~031~~263 50100,000 ~~Put~~Call sole N/A 50100,000 ELGENERAL ~~PASO~~DYNAMICS ~~CORPORATION~~CORP Com ~~28336L109~~369550108 12,~~340~~033 6525,000 ~~Put~~SH sole N/A 6525,000 ELGENERAL ~~PASO~~DYNAMICS ~~CORPORATION~~CORP Com ~~28336L109~~369550108 12,~~340~~847 6535,000 Call sole N/A 6535,000

Page 3 of 8

------------------------------------------------------------------------------------------------------------------------------------ Title Value Shares/ Shr/ Investment Other Sole Name of Issuer ~~Title~~ or Class Cusip (000) Prin Amnt Put/Call Discretion ~~Other~~ Managers ~~Sole~~ Voting Auth ------------------------------------------------------------------------------------------------------------------------------------ ~~EQUITY~~GENERAL ~~RESIDENTIAL~~DYNAMICS ~~PROPS~~CORP TR Com ~~29476L107~~369550108 84,~~625~~067 ~~300~~50,000 Call sole N/A ~~300~~50,000 ~~E*TRADE~~GENERAL ~~GROUP~~ELECTRIC ~~INC~~CO. Com ~~269246104~~369604103 ~~339~~1,233 6250,000 SHCall sole N/A 6250,000 ~~ENTERASYS~~GENERAL ~~NETWORKS~~MOTORS ~~INC~~CORP Com ~~293637104~~370442105 ~~214~~109 ~~120~~2,~~000~~800 SHPut sole N/A ~~120~~2,~~000~~800 ~~FORD~~GENESIS ~~MOTOR~~MICROCHIP ~~COMPANY~~INC Com ~~345370100~~371933102 ~~560~~230 3530,000 SH sole N/A 3530,000 ~~FORD~~GENESIS ~~MOTOR~~MICROCHIP ~~COMPANY~~INC Com ~~345370100~~371933102 ~~9,600~~767 ~~600~~100,000 ~~Put~~Call sole N/A ~~600~~100,000 ~~FORD~~GLOBALSANTAFE ~~MOTOR~~CORP ~~COMPANY~~ Com ~~345370100~~G3930E101 ~~480~~671 30,000 ~~Call~~SH sole N/A 30,000 ~~FORD~~GOLDEN ~~MOTOR~~STATE ~~COMPANY~~BANCORP Com ~~345370100~~381197102 18,~~200~~607 75266,~~000~~300 ~~Call~~SH sole N/A 75266,~~000~~300 ~~FLEXTRONICS~~GOLDMAN ~~INTL~~SACHS ~~LTD~~GROUP INC Com ~~Y2573F102~~38141G104 ~~1,072~~330 ~~150~~5,~~400~~000 SH sole N/A ~~150~~5,~~400~~000 ~~FANNIE~~GOLDMAN ~~MAE~~SACHS GROUP INC Com ~~313586109~~38141G104 56,~~900~~603 80100,000 SHCall sole N/A 80100,000 ~~FANNIE~~GOLDMAN ~~MAE~~SACHS GROUP INC Com ~~313586109~~38141G104 149,~~750~~905 ~~200~~150,000 ~~Put~~Call sole N/A ~~200~~150,000 ~~FANNIE~~H&R ~~MAE~~BLOCK INC Com ~~313586109~~093671105 74,~~375~~201 100,000 ~~Put~~SH sole N/A 100,000 ~~FANNIE~~H&R ~~MAE~~BLOCK INC Com ~~313586109~~093671105 2,~~213~~101 3050,000 Put sole N/A 3050,000 ~~FANNIE~~H&R ~~MAE~~BLOCK INC Com ~~313586109~~093671105 113,~~063~~361 ~~150~~80,000 ~~Call~~Put sole N/A ~~150~~80,000 ~~FREDDIE~~HALLIBURTON ~~MAC~~CO Com ~~313400301~~406216101 ~~1,530~~516 2540,000 SH sole N/A 2540,000 ~~FREDDIE~~HALLIBURTON ~~MAC~~CO Com ~~313400301~~406216101 31,~~060~~291 50100,000 Put sole N/A 50100,000 ~~FREDDIE~~HALLIBURTON ~~MAC~~CO Com ~~313400301~~406216101 3,~~060~~873 50300,000 ~~Put~~Call sole N/A 50300,000 ~~FREDDIE~~HALLIBURTON ~~MAC~~CO Com ~~313400301~~406216101 3,~~060~~873 50300,000 Call sole N/A 50300,000 ~~FOREST~~HARLEY-DAVIDSON ~~LABORATORIES~~ INC Com ~~345838106~~412822108 3,~~540~~484 5075,000 Put sole N/A 5075,000 ~~GREATER~~HEALTH ~~BAY~~MGMT ~~BANCORP~~ASSOCIATES INC-A Com ~~391648102~~421933102 ~~923~~1,011 3050,000 SHCall sole N/A 3050,000 ~~GREATER~~HERSHEY ~~BAY~~FOODS ~~BANCORP~~CORP Com ~~391648102~~427866108 ~~923~~1,700 3027,~~000~~400 ~~Call~~SH sole N/A 3027,~~000~~400 ~~GUIDANT~~HERSHEY FOODS CORP Com ~~401698105~~427866108 63,~~046~~723 ~~200~~60,000 SHPut sole N/A ~~200~~60,000 ~~GUIDANT~~HERSHEY FOODS CORP Com ~~401698105~~427866108 3,~~023~~103 ~~100~~50,000 Put sole N/A ~~100~~50,000 ~~GUIDANT~~HERSHEY FOODS CORP Com ~~401698105~~427866108 ~~6,046~~931 ~~200~~15,000 ~~Put~~Call sole N/A ~~200~~15,000 ~~GUIDANT~~HERSHEY FOODS CORP Com ~~401698105~~427866108 47,~~535~~756 ~~150~~125,000 Call sole N/A ~~150~~125,000 ~~GENERAL~~HEWLETT-PACKARD ~~ELECTRIC~~ CO. Com ~~369604103~~428236103 34,~~129~~085 ~~107~~350,~~700~~000 Call sole N/A ~~107~~350,~~700~~000 ~~GENERAL~~HOLLYWOOD ~~MILLS~~CASINO ~~INC~~CORP -CL A Com ~~370334104~~436132203 ~~4,408~~604 ~~100~~50,000 ~~Call~~SH sole N/A ~~100~~50,000 ~~GREAT~~HOST ~~LAKES~~MARRIOTT ~~CHEMICAL~~ CORP Com ~~390568103~~44107P104 ~~477~~417 1844,~~000~~900 SH sole N/A 1844,~~000~~900 ~~CORNING~~HOST ~~INC~~MARRIOTT CORP Com ~~219350105~~44107P104 ~~533~~928 ~~150~~100,000 SHPut sole N/A ~~150~~100,000 ~~CORNING~~HOST ~~INC~~MARRIOTT CORP Com ~~219350105~~44107P104 ~~355~~1,902 ~~100~~205,000 ~~Put~~Call sole N/A ~~100~~205,000 ~~CORNING~~INDYMAC BANCORP INC Com ~~219350105~~456607100 ~~893~~964 ~~251~~50,~~500~~000 ~~Put~~SH sole N/A ~~251~~50,~~500~~000 ~~GENERAL~~INDYMAC ~~MOTORS~~BANCORP ~~CORP~~INC Com ~~370442105~~456607100 ~~149~~1,445 275,~~800~~000 Put sole N/A 275,~~800~~000 ~~GENERAL~~INDYMAC ~~MOTORS~~BANCORP ~~CORP~~INC Com ~~370442105~~456607100 ~~5,345~~964 ~~100~~50,000 ~~Put~~Call sole N/A ~~100~~50,000 ~~GEMSTAR-TV~~INFOCURE ~~GUIDE~~CORP ~~INTL INC~~ Com ~~36866W106~~45665A108 ~~404~~364 7550,000 ~~Call~~SH sole N/A 7550,000 ~~GEMSTAR~~INGERSOLL-TVRAND ~~GUIDE~~CO ~~INTL INC~~ Com ~~36866W106~~456866102 ~~539~~207 ~~100~~6,000 ~~Call~~SH sole N/A ~~100~~6,000 ~~GEMSTAR-TV~~INKINE ~~GUIDE~~PHARMACEUTICAL ~~INTL~~CO INC Com ~~36866W106~~457214104 ~~388~~132 72119,~~000~~900 ~~Call~~SH sole N/A 72119,~~000~~900 ~~GEMSTAR-TV~~INTERPUBLIC ~~GUIDE~~GROUP ~~INTL~~COS INC Com ~~36866W106~~460690100 ~~809~~1,585 ~~150~~100,000 Call sole N/A ~~150~~100,000 ~~GAP~~INTL ~~INC~~BUSINESS MACHINES CORP Com ~~364760108~~459200101 12,~~325~~920 9350,~~300~~000 SHCall sole N/A 9350,~~300~~000 ~~GAP~~INTL ~~INC~~BUSINESS MACHINES CORP Com ~~364760108~~459200101 18,~~704~~759 ~~120~~150,000 ~~Put~~Call sole N/A ~~120~~150,000 ~~GAP~~ISIS ~~INC~~PHARMACEUTICALS Com ~~364760108~~464330109 ~~284~~493 2050,000 Call sole N/A 2050,000 ~~GRANT~~IVAX ~~PRIDECO~~CORP ~~INC~~ Com ~~38821G101~~465823102 ~~408~~184 3015,000 SH sole N/A 3015,000 ~~GOLDMAN~~IVAX ~~SACHS~~CORP ~~GROUP INC~~ Com ~~38141G104~~465823102 2,~~201~~209 30180,000 SHPut sole N/A 30180,000 ~~GOLDMAN~~IVAX ~~SACHS~~CORP ~~GROUP INC~~ Com ~~38141G104~~465823102 31,~~668~~595 50130,000 Put sole N/A 50130,000 ~~GOLDEN~~IVAX ~~STATE~~CORP ~~BANCORP~~ Com ~~381197102~~465823102 41,~~169~~227 ~~115~~100,000 SHPut sole N/A ~~115~~100,000 ~~GLOBALSANTAFE~~IVAX CORP Com 465823102 1,252 102,000 Call sole N./A 102,000 J.P. 93MORGAN 3& COMPANY Com 616880100 2,~~400~~849 SH150,000 Call sole N/A 3150,~~400~~000 ~~GENTIVA~~JO-ANN ~~HEALTH~~STORES ~~SERVICES~~INC-CL B Com ~~37247A102~~47758P208 ~~562~~216 629,~~500~~300 SH sole N/A 629,~~500~~300 ~~HALLIBURTON~~JOHNSON CO& JOHNSON Com ~~406216101~~478160104 110,~~594~~816 ~~100~~200,000 ~~Put~~Call sole N/A ~~100~~200,000

Page 4 of 8

------------------------------------------------------------------------------------------------------------------------------------ Title Value Shares/ Shr/ Investment Other Sole Name of Issuer ~~Title~~ or Class Cusip (000) Prin Amnt Put/Call Discretion ~~Other~~ Managers ~~Sole~~ Voting Auth ------------------------------------------------------------------------------------------------------------------------------------ ~~HALLIBURTON~~JONES COAPPAREL GROUP INC Com ~~406216101~~480074103 ~~4,782~~230 ~~300~~7,~~000~~500 ~~Call~~SH sole N/A ~~300~~7,~~000~~500 ~~HASBRO~~JOY GLOBAL INC Com ~~418056107~~481165108 ~~755~~581 5570,~~700~~000 SH sole N/A 5570,~~700~~000 ~~HASBRO~~L-3 COMMUNICATIONS HLDGS INC Com ~~418056107~~502424104 ~~678~~1,318 5025,000 ~~Put~~SH sole N/A 5025,000 ~~HASBRO~~L-3 COMMUNICATIONS HLDGS INC Com ~~418056107~~502424104 ~~678~~2,635 50,000 Call sole N/A 50,000 ~~HANOVER~~LARGE ~~COMPRESSOR~~SCALE COBIOLOGY CORP Com ~~410768105~~517053104 ~~675~~165 50100,000 ~~Call~~SH sole N/A 50100,000 ~~HOME~~LEAR ~~DEPOT~~CORPORATION ~~INC~~ Com ~~437076102~~521865105 1,~~102~~041 3025,000 SHPut sole N/A 3025,000 ~~Helix~~LEHMAN ~~Technology~~BROTHERS ~~Corp.~~HOLDINGS INC Com ~~423319102~~524908100 37368 187,~~000~~500 SH sole N/A 187,~~000~~500 ~~HEWITT~~LEHMAN ~~ASSOCIATES~~BROTHERS HOLDINGS INC~~-CL~~ A Com ~~42822Q100~~524908100 ~~117~~1,962 540,000 SHCall sole N/A 540,000 ~~HEALTHEON/WEBMD~~LEVEL ~~CORPORATION~~3 COMMUNICATIONS INC Com ~~422209106~~52729N100 ~~563~~408 ~~100~~105,000 SH sole N/A ~~100~~105,000 ~~HEALTHEON/WEBMD~~LEVEL ~~CORPORATION~~3 COMMUNICATIONS INC Com ~~422209106~~52729N100 ~~563~~467 ~~100~~120,000 Put sole N/A ~~100~~120,000 ~~HEALTH~~LEVEL ~~MGMT~~3 ~~ASSOCIATES~~COMMUNICATIONS INC-A Com ~~421933102~~52729N100 ~~504~~681 25175,000 Put sole N/A 25175,000 ~~HEALTH~~LIBERTY ~~MGMT~~MEDIA ~~ASSOCIATES INC~~CORP-A Com ~~421933102~~530718105 ~~1,008~~467 5065,000 ~~Call~~SH sole N/A 5065,000 ~~HOST~~LILLY ~~MARRIOTT~~(ELI) ~~CORP~~& CO Com ~~44107P104~~532457108 ~~1,130~~50 ~~100,000~~900 ~~Put~~SH sole N/A ~~100,000~~900 ~~HOST~~LILLY ~~MARRIOTT~~(ELI) ~~CORP~~& CO Com ~~44107P104~~532457108 ~~565~~4,842 5087,~~000~~500 ~~Call~~Put sole N/A 5087,~~000~~500 ~~HOST~~LOEWS ~~MARRIOTT~~ CORP Com ~~44107P104~~540424108 ~~2,305~~776 ~~204~~18,~~000~~100 ~~Call~~SH sole N/A ~~204~~18,~~000~~100 ~~STARWOOD~~LOEWS ~~HOTELS~~CORP &- ~~RESORTS~~CAROLINA WOGROUP Com ~~85590A203~~540424207 1,~~316~~881 40100,000 SHCall sole N/A 40100,000 ~~STARWOOD~~LOEWS ~~HOTELS~~CORP &- ~~RESORTS~~CAROLINA WOGROUP Com ~~85590A203~~540424207 ~~6,578~~941 ~~200~~50,000 ~~Put~~Call sole N/A ~~200~~50,000 ~~STARWOOD~~LOOKSMART ~~HOTELS~~LTD ~~& RESORTS WO~~ Com ~~85590A203~~543442107 ~~1,645~~97 50100,000 ~~Put~~SH sole N/A 50100,000 ~~STARWOOD~~LSI ~~HOTELS~~LOGIC &CORP ~~RESORTS WO~~ Com ~~85590A203~~502161102 ~~3,289~~667 ~~100~~105,~~000~~100 Put sole N/A 105,100 LUCENT TECHNOLOGIES INC Com 549463107 52 50,000 ~~STARWOOD~~Call ~~HOTELS~~sole &N/A ~~RESORTS~~50,000 WOMEDIMMUNE INC Com ~~85590A203~~584699102 61,~~578~~046 ~~200~~50,000 Call sole N/A ~~200~~50,000 ~~STARWOOD~~MEDIMMUNE ~~HOTELS~~INC ~~& RESORTS WO~~ Com ~~85590A203~~584699102 12,~~645~~092 50100,000 Call sole N/A 50100,000 ~~HELMERICH~~MEDIMMUNE &INC ~~PAYNE~~ Com ~~423452101~~584699102 1,~~072~~046 3050,000 SHCall sole N/A 3050,000 ~~ICN~~MEDTRONIC ~~PHARMACEUTICALS~~ INC Com ~~448924100~~585055106 12,~~801~~039 7448,400 SHPut sole N/A 7448,400 ~~INTEGRATED~~MEDTRONIC ~~DEFENSE~~INC ~~TECHNOLOG~~ Com ~~45819B101~~585055106 292,590 161,~~000~~500 SHCall sole N/A 161,~~000~~500 ~~IKON~~MERRILL ~~OFFICE~~LYNCH ~~SOLUT'NS~~& CO Com ~~451713101~~590188108 ~~282~~2,142 3065,000 SHPut sole N/A 3065,000 ~~IKON~~MERRILL ~~OFFICE~~LYNCH ~~SOLUT'NS~~& CO Com ~~451713101~~590188108 ~~470~~1,648 50,000 ~~Put~~Call sole N/A 50,000 ~~AQUILA~~MERRILL ~~INC~~LYNCH & CO Com ~~03840J106~~590188108 ~~800~~3,295 100,000 SHCall sole N/A 100,000 ~~AQUILA~~MERRILL ~~INC~~LYNCH & CO Com ~~03840J106~~590188108 14,~~200~~943 150,000 ~~Put~~Call sole N/A 150,000 ~~IMMUNEX~~MERRILL ~~CORP~~LYNCH & CO Com ~~452528102~~590188108 24,~~176~~943 97150,~~400~~000 SHCall sole N/A 97150,~~400~~000 ~~INKINE~~MERRILL ~~PHARMACEUTICAL~~LYNCH & CO ~~INC~~ Com ~~457214104~~590188108 ~~102~~3,295 ~~120~~100,000 SHCall sole N/A ~~120~~100,000 ~~INTERPUBLIC~~METASOLV ~~GROUP~~SOFTWARE ~~COS~~ INC Com ~~460690100~~591393103 ~~1,238~~153 50100,000 ~~Put~~SH sole N/A 50100,000 ~~INTERPUBLIC~~METASOLV ~~GROUP~~SOFTWARE ~~COS~~ INC Com ~~460690100~~591393103 ~~4,952~~115 ~~200~~75,000 Call sole N/A ~~200~~75,000 ~~INTERPUBLIC~~MICRON ~~GROUP~~TECHNOLOGY ~~COS~~ INC Com ~~460690100~~595112103 23,~~476~~093 ~~100~~250,000 Call sole N/A ~~100~~250,000 ~~ISIS~~MILLENNIUM PHARMACEUTICALS Com ~~464330109~~599902103 ~~428~~373 4540,000 ~~Put~~SH sole N/A 4540,000 ~~ISIS~~MINNESOTA ~~PHARMACEUTICALS~~MINING & MFG CO Com ~~464330109~~604059105 ~~951~~4,399 ~~100~~40,000 ~~Call~~SH sole N/A ~~100~~40,000 I2MINNESOTA ~~TECHNOLOGIES~~MINING ~~INC~~& MFG CO Com ~~465754109~~604059105 445,499 3050,000 SHPut sole N/A 3050,000 ~~INVITROGEN~~MONARCH ~~CORP~~CASINO & RESORT INC Com ~~46185R100~~609027107 64533 240,000 ~~Put~~SH sole N/A 240,000 ~~IVAX~~MONSANTO ~~CORP~~Com 61166W101 118 7,700 SH sole N/A 7,700 MONSANTO Com ~~465823102~~61166W101 ~~648~~138 609,000 Put sole N/A 609,000 ~~IVAX~~MONSANTO ~~CORP~~ Com ~~465823102~~61166W101 ~~1,404~~38 ~~130~~2,~~000~~500 Put sole N/A ~~130~~2,~~000~~500 ~~IVAX~~MULTILINK TECHNOLOGY CORP Com ~~465823102~~62544T109 ~~1,080~~15 ~~100~~7,~~000~~500 ~~Call~~SH sole N/A ~~100~~7,~~000~~500 ~~JOHNSON~~MULTIMEDIA &GAMES ~~JOHNSON~~INC Com ~~478160104~~625453105 ~~7,316~~788 ~~140~~40,000 SH sole N/A ~~140~~40,000 ~~JOHNSON~~MULTIMEDIA &GAMES ~~JOHNSON~~INC Com ~~478160104~~625453105 ~~10,452~~985 ~~200~~50,000 Put sole N/A ~~200~~50,000 ~~JOHNSON~~MULTIMEDIA &GAMES ~~JOHNSON~~INC Com ~~478160104~~625453105 ~~2,613~~591 5030,000 ~~Put~~Call sole N/A 5030,000 ~~JOHNSON~~MURPHY &OIL ~~JOHNSON~~CORP Com ~~478160104~~626717102 24,~~613~~104 50,000 Call sole N/A 50,000 ~~JOY~~MURPHY ~~GLOBAL~~OIL ~~INC~~CORP Com ~~481165108~~626717102 ~~607~~4,104 3550,000 SHCall sole N/A 3550,000

Page 5 of 8

------------------------------------------------------------------------------------------------------------------------------------ Title Value Shares/ Shr/ Investment Other Sole Name of Issuer ~~Title~~ or Class Cusip (000) Prin Amnt Put/Call Discretion ~~Other~~ Managers ~~Sole~~ Voting Auth ------------------------------------------------------------------------------------------------------------------------------------ ~~J.P.~~NEWS ~~MORGAN~~CORP &LTD ~~COMPANY~~-SPONS ADR PRF Com ~~616880100~~652487802 ~~1,357~~765 4046,~~000~~100 SH sole N/A 4046,~~000~~100 ~~J.P.~~NEXTEL ~~MORGAN~~COMMUNICATIONS &INC-A ~~COMPANY~~ Com ~~616880100~~65332V103 31,~~392~~510 ~~100~~200,000 Put sole N/A ~~100~~200,000 ~~J.P.~~NORTEL ~~MORGAN~~NETWORKS &CORP ~~COMPANY~~ Com ~~616880100~~656568102 1,~~696~~107 502,050,000 ~~Call~~SH sole N/A 502,050,000 ~~LUCENT~~NORTEL ~~TECHNOLOGIES~~NETWORKS ~~INC~~CORP Com ~~549463107~~656568102 ~~104~~1,107 502,050,000 ~~Call~~Put sole N/A 502,050,000 ~~CIRCUIT~~NORTHROP ~~CITY~~GRUMMAN ~~STORES-CARMAX~~CORP Com ~~172737306~~666807102 ~~348~~9,303 1575,~~800~~000 SHPut sole N/A 1575,~~800~~000 ~~KOREA~~NORTHROP ~~TELECOM~~GRUMMAN CORP~~-SP~~ ~~ADR~~ Com ~~50063P103~~666807102 13,~~083~~101 5025,000 Put sole N/A 5025,000 ~~KOREA~~OFFICE ~~TELECOM~~DEPOT ~~CORP-SP~~INC ~~ADR~~ Com ~~50063P103~~676220106 21,~~165~~851 ~~100~~150,000 Call sole N/A ~~100~~150,000 ~~LIBERTY~~OFFICE ~~MEDIA~~DEPOT ~~CORP-A~~INC Com ~~530718105~~676220106 ~~3,135~~617 ~~330~~50,000 SHCall sole N/A ~~330~~50,000 ~~LIBERTY~~ORACLE ~~MEDIA~~CORPORATION ~~CORP-A~~ Com ~~530718105~~68389X105 ~~333~~2,358 35300,000 Call sole N/A 35300,000 ~~LAFARGE~~OSI ~~NORTH~~SYSTEMS ~~AMERICA~~ INC Com ~~505862102~~671044105 ~~257~~606 735,~~300~~000 SH sole N/A 735,~~300~~000 ~~L-3~~PALM ~~COMMUNICATIONS HLDGS~~ INC Com ~~502424104~~696642107 ~~1,080~~37 2050,000 SH sole N/A 2050,000 ~~L-3~~PANAMSAT ~~COMMUNICATIONS~~CORP ~~HLDGS~~Com ~~INC~~697933109 434 25,000 Call sole N/A 25,000 PANAMSAT CORP Com ~~502424104~~697933109 25,~~700~~205 50300,000 ~~Put~~Call sole N/A 50300,000 ~~L-3~~PATHMARK ~~COMMUNICATIONS~~STORES ~~HLDGS~~ INC-WTS Com ~~502424104~~70322A119 ~~2,700~~222 50160,000 ~~Put~~SH sole N/A 50160,000 ~~LILLY~~PEOPLESOFT ~~(ELI)~~INC ~~& CO~~ Com ~~532457108~~712713106 21,~~820~~237 50100,000 ~~Put~~Call sole N/A 50100,000 ~~LILLY~~PHARMACIA ~~(ELI) & CO~~ Com ~~532457108~~71713U102 210,~~820~~148 50261,000 ~~Call~~SH sole N/A 50261,000 ~~LINCARE~~PHILIP ~~HOLDINGS~~MORRIS COMPANIES INC Com ~~532791100~~718154107 110,~~615~~282 50265,000 ~~Put~~SH sole N/A 50265,000 ~~LOOKSMART~~PHILIP ~~LTD~~MORRIS COMPANIES INC Com ~~543442107~~718154107 ~~196~~9,700 ~~100~~250,000 SHPut sole N/A ~~100~~250,000 ~~LOWE'S~~PHILIP MORRIS COMPANIES INC Com ~~548661107~~718154107 41,~~540~~544 ~~100~~39,~~000~~800 Call sole N/A ~~100~~39,~~000~~800 ~~LARGE~~PILOT ~~SCALE~~NETWORK ~~BIOLOGY~~SERVICES ~~CORP~~INC Com ~~517053104~~721596104 ~~218~~0 ~~100~~35,000 SH sole N/A ~~100~~35,000 ~~LSI~~PORTAL ~~LOGIC~~SOFTWARE ~~CORP~~ Com ~~502161102~~736126103 ~~920~~48 ~~105~~200,~~100~~000 ~~Put~~SH sole N/A ~~105~~200,~~100~~000 ~~LOEWS~~POTASH CORP SASKATCH Com ~~540424108~~73755L107 31,~~480~~368 6422,~~800~~000 SHCall sole N/A 6422,~~800~~000 ~~LTX~~PRECISION ~~CORP~~CASTPARTS Com ~~502392103~~740189105 ~~357~~1,084 2550,000 SHPut sole N/A 2550,000 ~~LUCENT~~PRIMUS ~~TECHNOLOGIES~~TELECOMMUNICATIONS ~~INC~~GP Com ~~549463107~~741929103 ~~457~~78 ~~275~~100,000 SH sole N/A ~~275~~100,000 ~~LEVEL~~PROVIDIAN 3FINANCIAL ~~COMMUNICATIONS~~CORP ~~INC~~ Com ~~52729N100~~74406A102 44392 1580,000 SH sole N/A 1580,000 ~~LEVEL~~PROVIDIAN 3FINANCIAL ~~COMMUNICATIONS~~CORP ~~INC~~ Com ~~52729N100~~74406A102 ~~221~~490 75100,000 Put sole N/A 75100,000 ~~MANTECH~~RAYTHEON ~~INTERNATIONAL~~CO ~~CORP-A~~ Com ~~564563104~~755111101 722,930 3100,000 SHCall sole N/A 3100,000 ~~MBIA~~RESONATE INC Com ~~55262C100~~76115Q104 ~~2,080~~68 3650,~~800~~000 SH sole N/A 3650,~~800~~000 ~~MCKESSON~~ROBERT ~~HBOC~~HALF INTL INC Com ~~58155Q103~~770323103 ~~392~~555 1235,000 SH sole N/A 1235,000 ~~MEDTRONIC~~ROYAL ~~INC~~DUTCH PETRO-NY SHARES Com ~~585055106~~780257804 12,~~714~~009 4050,000 SH sole N/A 4050,000 ~~MEDTRONIC~~ROYAL ~~INC~~DUTCH PETRO-NY SHARES Com ~~585055106~~780257804 82,~~570~~009 ~~200~~50,000 Put sole N/A ~~200~~50,000 ~~MEDTRONIC~~SAP ~~INC~~AG-SPONSORED ADR Com ~~585055106~~803054204 ~~2,635~~281 6125,~~500~~000 ~~Call~~SH sole N/A 6125,~~500~~000 ~~MEDIMMUNE~~SAP ~~INC~~AG-SPONSORED ADR Com ~~584699102~~803054204 21,~~640~~125 100,000 Call sole N/A 100,000 ~~MEDIMMUNE~~SCHERING-PLOUGH ~~INC~~CORP Com ~~584699102~~806605101 13,~~320~~198 50150,000 ~~Call~~SH sole N/A 50150,000 ~~MERRILL~~SCHERING-PLOUGH ~~LYNCH~~CORP ~~& CO~~ Com ~~590188108~~806605101 42,~~050~~132 100,000 ~~Call~~Put sole N/A 100,000 ~~MERRILL~~SCHERING-PLOUGH ~~LYNCH~~CORP ~~& CO~~ Com ~~590188108~~806605101 62,~~075~~132 ~~150~~100,000 ~~Call~~Put sole N/A ~~150~~100,000 ~~MERRILL~~SCHERING-PLOUGH ~~LYNCH~~CORP ~~& CO~~ Com ~~590188108~~806605101 4,~~050~~264 ~~100~~200,000 Call sole N/A ~~100~~200,000 ~~MILLENNIUM~~SCIENTIFIC-ATLANTA ~~PHARMACEUTICALS~~INC Com ~~599902103~~808655104 ~~1,519~~375 ~~125~~30,000 SH sole N/A ~~125~~30,000 ~~MULTILINK~~SEALED ~~TECHNOLOGY~~AIR CORP Com ~~62544T109~~81211K100 38845 7550,000 SHPut sole N/A 7550,000 ~~MARSH~~SEALED &AIR ~~MCLENNAN~~CORP Com ~~571748102~~81211K100 ~~483~~51 53,000 SHPut sole N/A 53,000 ~~PHILIP~~SEALED ~~MORRIS~~AIR ~~COMPANIES~~CORP ~~INC~~ Com ~~718154107~~81211K100 ~~4,586~~101 ~~105~~6,000 SHPut sole N/A ~~105~~6,000 ~~MOTOROLA~~SEALED ~~INC~~AIR CORP Com ~~620076109~~81211K100 1,~~586~~689 ~~110~~100,000 SHCall sole N/A ~~110~~100,000 ~~MOTOROLA~~SEALED ~~INC~~AIR CORP Com ~~620076109~~81211K100 ~~2,884~~169 ~~200~~10,000 ~~Put~~Call sole N/A ~~200~~10,000 ~~MOTOROLA~~SHUFFLE MASTER INC Com ~~620076109~~825549108 ~~2,163~~931 ~~150~~50,000 ~~Call~~Put sole N/A ~~150~~50,000 ~~MERCK~~SPRINT &CORP ~~CO.,~~(PCS ~~INC.~~GROUP) Com ~~589331107~~852061506 ~~5,064~~157 ~~100~~80,000 SHCall sole N/A ~~100~~80,000 ~~MERCK~~STARTEC &GLOBAL ~~CO.,~~COMMUNICATION ~~INC.~~ Com ~~589331107~~85569E103 ~~5,064~~1 ~~100~~95,000 ~~Put~~SH sole N/A ~~100~~95,000 ~~MERCK~~STARWOOD HOTELS & ~~CO.,~~RESORTS ~~INC.~~WO Com ~~589331107~~85590A203 5,~~064~~464 ~~100~~245,000 ~~Call~~SH sole N/A ~~100~~245,000

Page 6 of 8

------------------------------------------------------------------------------------------------------------------------------------ Title Value Shares/ Shr/ Investment Other Sole Name of Issuer ~~Title~~ or Class Cusip (000) Prin Amnt Put/Call Discretion ~~Other~~ Managers ~~Sole~~ Voting Auth ------------------------------------------------------------------------------------------------------------------------------------ ~~MICROSOFT~~STARWOOD ~~CORP~~HOTELS & RESORTS WO Com ~~594918104~~85590A203 4,~~923~~460 90200,000 Put sole N/A 90200,000 ~~MICROSOFT~~STARWOOD ~~CORP~~HOTELS & RESORTS WO Com ~~594918104~~85590A203 52,~~470~~230 100,000 ~~Call~~Put sole N/A 100,000 ~~METASOLV~~STARWOOD ~~SOFTWARE~~HOTELS ~~INC~~& RESORTS WO Com ~~591393103~~85590A203 ~~197~~2,676 50120,000 SHPut sole N/A 50120,000 ~~METASOLV~~STARWOOD ~~SOFTWARE~~HOTELS ~~INC~~& RESORTS WO Com ~~591393103~~85590A203 ~~295~~2,230 75100,000 Put sole N/A 100,000 STARWOOD HOTELS & RESORTS WO Com 85590A203 1,115 50,000 Call sole N/A 7550,000 ~~NAVISTAR~~STARWOOD ~~INTERNATIONAL~~HOTELS & RESORTS WO Com ~~63934E108~~85590A203 ~~451~~1,115 1450,~~100~~000 SHCall sole N/A 1450,~~100~~000 ~~NABORS~~STARWOOD ~~INDUSTRIES~~HOTELS ~~INC~~& RESORTS WO Com ~~629568106~~85590A203 1,~~765~~115 50,000 SHCall sole N/A 50,000 ~~NAT'L~~TALK.COM ~~COMMERCE~~INC ~~FIN'L~~Com 874264104 147 63,400 SH sole N/A 63,400 TECO ENERGY INC Com ~~63545P104~~872375100 ~~302~~397 1125,~~500~~000 SH sole N/A 1125,~~500~~000 ~~INDYMAC~~TECO ~~BANCORP~~ENERGY INC Com ~~456607100~~872375100 1,~~701~~921 75121,000 Put sole N/A 75121,000 ~~NIKE~~TECO ENERGY INC ~~-CL B~~ Com ~~654106103~~872375100 ~~188~~1,985 3125,~~500~~000 SHCall sole N/A 3125,~~500~~000 ~~NORTHROP~~TELEFONOS ~~GRUMMAN~~DE ~~CORP~~MEXICO-SP ADR L Com ~~666807102~~879403780 91,~~375~~408 7550,000 Put sole N/A 7550,000 ~~NOKIA~~TELEFONOS ~~CORP~~DE MEXICO-~~SPON~~SP ADR L Com ~~654902204~~879403780 1,~~448~~605 ~~100~~57,000 ~~Call~~Put sole N/A ~~100~~57,000 ~~NORTEL~~TELEFONOS ~~NETWORKS~~DE ~~CORP~~MEXICO-SP ADR L Com ~~656568102~~879403780 2,~~958~~826 2100,~~040,000~~400 SHCall sole N/A 2100,~~040,000~~400 ~~NORTEL~~TELEPHONE ~~NETWORKS~~AND ~~CORP~~DATA SYSTEMS Com ~~656568102~~879433100 2,~~973~~583 251,~~050,000~~200 ~~Put~~SH sole N/A 251,~~050,000~~200 ~~ORTHODONTIC~~THORATEC ~~CENTERS~~CORP Com ~~68750P103~~885175307 ~~1,153~~470 5060,000 ~~Put~~SH sole N/A 5060,000 ~~ORTHODONTIC~~TRANSKARYOTIC ~~CENTERS~~THERAPIES INC Com ~~68750P103~~893735100 12,~~153~~269 5070,000 ~~Put~~SH sole N/A 5070,000 ~~OCEAN~~TRANSKARYOTIC ~~ENERGY~~THERAPIES INC Com ~~67481E106~~893735100 1,~~084~~621 50,000 ~~Call~~Put sole N/A 50,000 ~~OMNICOM~~TRANSKARYOTIC ~~GROUP~~THERAPIES INC Com ~~681919106~~893735100 12,~~145~~512 2577,~~000~~500 SHPut sole N/A 2577,~~000~~500 ~~OMNICOM~~TRANSKARYOTIC ~~GROUP~~THERAPIES INC Com ~~681919106~~893735100 23,~~290~~079 5095,000 ~~Put~~Call sole N/A 5095,000 ~~OMNICOM~~TRANSKARYOTIC ~~GROUP~~THERAPIES INC Com ~~681919106~~893735100 3,~~435~~241 75100,000 ~~Put~~Call sole N/A 75100,000 ~~OMNICOM~~TRIANGLE ~~GROUP~~PHARMACEUTICALS INC Com ~~681919106~~89589H104 ~~2,290~~135 50,000 ~~Put~~SH sole N/A 50,000 ~~OMNICOM~~TRICON ~~GROUP~~GLOBAL RESTAURANTS Com ~~681919106~~895953107 1,~~145~~247 2545,000 ~~Call~~SH sole N/A 2545,000 ~~OMNICOM~~TRW ~~GROUP~~INC Com ~~681919106~~872649108 59,~~954~~034 ~~130~~154,~~000~~300 ~~Call~~SH sole N/A ~~130~~154,~~000~~300 ~~OVERTURE~~TRW ~~SERVICES~~INC Com ~~69039R100~~872649108 13,~~249~~659 5062,~~000~~500 Call sole N/A 5062,~~000~~500 ~~OVERTURE~~TYCO ~~SERVICES~~INTERNATIONAL LTD Com ~~69039R100~~902124106 ~~749~~987 3070,000 ~~Call~~SH sole N/A 3070,000 ~~PHILLIPS~~TYCO ~~PETROLEUM~~INTERNATIONAL COLTD Com ~~718507106~~902124106 13,~~178~~525 20250,000 SHPut sole N/A 20250,000 ~~PALM~~TYCO ~~INC~~INTERNATIONAL LTD Com ~~696642107~~902124106 ~~264~~1,763 ~~150~~125,000 SHPut sole N/A ~~150~~125,000 ~~PEPSIAMERICAS~~TYCO INTERNATIONAL LTD Com ~~71343P200~~902124106 ~~463~~1,763 31125,000 SHPut sole N/A 31125,000 ~~PEP~~TYCO ~~BOYS~~INTERNATIONAL LTD Com ~~713278109~~902124106 ~~843~~3 ~~50,000~~200 ~~Call~~Put sole N/A ~~50,000~~200 ~~PEROT~~TYCO ~~SYSTEMS~~INTERNATIONAL LTD Com ~~714265105~~902124106 ~~272~~3,102 25220,000 SHCall sole N/A 25220,000 ~~PEROT~~TYCO ~~SYSTEMS~~INTERNATIONAL LTD Com ~~714265105~~902124106 ~~545~~3,525 50250,000 ~~Put~~Call sole N/A 50250,000 ~~PROCTER~~TYCO &INTERNATIONAL ~~GAMBLE~~LTD CO Com ~~742718109~~902124106 174,~~860~~230 ~~200~~300,000 Call sole N/A ~~200~~300,000 ~~PILOT~~TYCO ~~NETWORK~~INTERNATIONAL ~~SERVICES~~LTD ~~INC~~ Com ~~721596104~~902124106 0494 35,000 SHCall sole N/A 35,000 ~~PLUMTREE~~UNISYS ~~SOFTWARE~~CORP ~~INC~~ Com ~~72940Q104~~909214108 251,050 5150,000 SH sole N/A 5150,000 ~~THE~~UNISYS ~~PMI~~CORP ~~GROUP~~Com ~~INC~~909214108 1,400 200,000 Put sole N/A 200,000 UNISYS CORP Com ~~69344M101~~909214108 ~~955~~1,400 25200,000 Call sole N/A 25200,000 ~~CATALINA~~US ~~MARKETING~~CELLULAR CORP Com ~~148867104~~911684108 ~~536~~3,017 19102,000 SHPut sole N/A 19102,000 ~~PRECISE~~US ~~SOFTWARE~~CELLULAR ~~SOL~~CORP Com ~~M41450103~~911684108 ~~220~~2,958 23100,000 SHPut sole N/A 23100,000 ~~PORTAL~~US ~~SOFTWARE~~CELLULAR CORP Com ~~736126103~~911684108 ~~150~~5,916 200,000 SHCall sole N/A 200,000 ~~PRIMUS~~US ~~TELECOMMUNICATIONS~~CELLULAR GPCORP Com ~~741929103~~911684108 701,479 ~~100~~50,000 SHCall sole N/A ~~100~~50,000 ~~PATHMARK~~USA ~~STORES~~NETWORKS INC~~-WTS~~ Com ~~70322A119~~902984103 ~~567~~969 ~~112~~50,~~300~~000 SHCall sole N/A ~~112~~50,~~300~~000 ~~PROVIDIAN~~UTSTARCOM ~~FINANCIAL~~INC ~~CORP~~ Com ~~74406A102~~918076100 ~~206~~3,054 35200,000 SH sole N/A 35200,000 ~~PROVIDIAN~~UTSTARCOM ~~FINANCIAL~~INC ~~CORP~~ Com ~~74406A102~~918076100 ~~588~~764 ~~100~~50,000 Put sole N/A ~~100~~50,000 ~~PROVIDIAN~~UTSTARCOM ~~FINANCIAL~~INC ~~CORP~~ Com ~~74406A102~~918076100 68764 1150,~~500~~000 ~~Call~~Put sole N/A 1150,~~500~~000 ~~QWEST~~VERIZON COMMUNICATIONS ~~INTL~~ Com ~~749121109~~92343V104 ~~420~~439 ~~150~~16,000 SH sole N/A ~~150~~16,000 ~~QWEST~~VERIZON COMMUNICATIONS ~~INTL~~ Com ~~749121109~~92343V104 ~~420~~549 ~~150~~20,000 Put sole N/A ~~150~~20,000

Page 7 of 8

------------------------------------------------------------------------------------------------------------------------------------ Title Value Shares/ Shr/ Investment Other Sole Name of Issuer ~~Title~~ or Class Cusip (000) Prin Amnt Put/Call Discretion ~~Other~~ Managers ~~Sole~~ Voting Auth ------------------------------------------------------------------------------------------------------------------------------------ ~~RATIONAL~~VERIZON ~~SOFTWARE~~COMMUNICATIONS ~~CORP~~ Com ~~75409P202~~92343V104 ~~1,232~~329 ~~150~~12,000 Call sole N/A ~~150~~12,000 ~~REEBOK~~VESTA ~~INTERNATIONAL~~INSURANCE ~~LTD Com 758110100 174 5,900 SH sole N/A 5,900 RADIAN~~ GROUP INC Com ~~750236101~~925391104 5250 100,000 ~~Put~~SH sole N/A 100,000 ~~REGAL~~WALGREEN ~~ENTERTAINMENT~~CO ~~GROUP-A~~ Com ~~758766109~~931422109 233,384 1110,000 SH sole N/A 1110,000 ~~ROBERT~~WALGREEN ~~HALF~~CO ~~INTL INC~~ Com ~~770323103~~931422109 ~~466~~4,614 20150,000 SHPut sole N/A 20150,000 ~~Raymond~~WASHINGTON ~~James~~MUTUAL ~~Financial,~~INC ~~Inc.~~ Com ~~754730109~~939322103 ~~194~~976 631,~~800~~000 SHPut sole N/A 631,~~800~~000 ~~RUBY~~WEATHERFORD ~~TUESDAY~~INTERNATIONAL Com ~~781182100~~947074100 ~~446~~1,486 2340,000 SH sole N/A 2340,000 ~~POLO~~WEATHERFORD ~~RALPH~~INTERNATIONAL ~~LAUREN CORP~~ Com ~~731572103~~947074100 ~~482 21~~3,~~500~~714 ~~SH sole N/A 21~~100,~~500~~000 ~~ROADWAY~~Put ~~Com 769742107 194 5,400 SH~~ sole N/A 5100,~~400~~000 ~~ROUSE~~WEIGHT ~~Com~~WATCHERS ~~779273101~~INTL ~~446 13,500 SH sole N/A 13,500 RESONATE~~ INC Com ~~76115Q104~~948626106 ~~100~~2,168 50,000 SH sole N/A 50,000 ~~RYLAND~~WEIGHT ~~GROUP~~WATCHERS INTL INC Com ~~783764103~~948626106 2,~~985~~168 6050,000 Put sole N/A 6050,000 ~~RYLAND~~WEIGHT ~~GROUP~~WATCHERS INTL INC Com ~~783764103~~948626106 2,~~488~~168 50,000 Put sole N/A 50,000 ~~RYLAND~~WILLIAMS ~~GROUP~~COS INC Com ~~783764103~~969457100 ~~6,965~~113 ~~140~~50,000 Call sole N/A ~~140~~50,000 ~~SBC~~WILLOW ~~COMMUNICATIONS~~GROVE ~~INC~~BANCORP Com ~~78387G103~~97111W101 ~~915~~354 30,000 SH sole N/A 30,000 ~~STERLING~~WINN-DIXIE ~~BANCSHARES~~STORES INC~~/TX~~ Com ~~858907108~~974280109 ~~1,182~~262 8020,000 SH sole N/A 8020,000 ~~SEI~~WORLDCOM ~~INVESTMENTS Com 784117103 3 100 SH sole N/A 100 SEPRACOR~~ INC ~~Com 817315104 96 10,000 Put sole N/A 10,000 SCHERING~~-~~PLOUGH~~WORLDCOM ~~CORP~~GROUP Com ~~806605101~~98157D106 ~~1,771~~10 72100,000 SH sole N/A ~~72,000 SCHERING-PLOUGH CORP Com 806605101 2,460~~ 100,000 ~~Put~~WORLDCOM ~~sole N/A 100,000 SCHERING~~INC-~~PLOUGH~~WORLDCOM ~~CORP~~GROUP Com ~~806605101~~98157D106 ~~3,690~~30 ~~150~~300,000 Put sole N/A ~~150~~300,000 ~~SCHERING-PLOUGH~~WORLDCOM ~~CORP Com 806605101 9,840 400,000 Call sole N/A 400,000 SHAW GROUP~~ INC-WORLDCOM ~~Com 820280105 3,684 120,000 Put sole N/A 120,000 SHAW~~ GROUP ~~INC~~ Com ~~820280105~~98157D106 ~~1,535~~5 50,000 ~~Put~~Call sole N/A 50,000 ~~SHUFFLE~~WYETH ~~MASTER INC~~ Com ~~825549108~~983024100 1,378 75,000 SH sole N/A 75,000 SHUFFLE MASTER INC Com 825549108 1,837 100,000 Put sole N/A 100,000 SHUFFLE MASTER INC Com 825549108 919 50,000 Put sole N/A 50,000 SMITH INTERNATIONAL INC Com 832110100 3,~~410~~180 ~~50,000 Call sole N/A 50,000 SCHLUMBERGER LTD Com 806857108 4,650~~ 100,000 Call sole N/A 100,000 ~~SOLECTRON~~WYETH ~~CORP~~ Com ~~834182107~~983024100 ~~306 49~~6,~~700~~360 ~~SH sole N/A 49~~200,~~700 SEMICONDUCTOR HOLDRs TRUST Com 816636203 4,548 150,~~000 ~~SH sole N/A 150,000 SEMICONDUCTOR HOLDRs TRUST Com 816636203 30,320 1,000,000~~ Call sole N/A ~~1,000,000 STARTEC GLOBAL COMMUNICATION Com 85569E103 1 95,000 SH sole N/A 95,000 Student Loan Corporation Com 863902102 2,982 3,600 SH sole N/A 3,600 A T & T CORP Com 001957109 4,111 384,~~200 ~~SH sole N/A 384~~,~~200 A T & T CORP Com 001957109 749 70,~~000 ~~Call~~XEROX ~~sole N/A 70,000 TALK.COM INC Com 874264104 979 237,100 SH sole N/A 237,100 THORATEC~~ CORP Com ~~885175307~~984121103 ~~539~~94 6019,000 SHPut sole N/A 6019,000 ~~THQ~~YAHOO! INC Com ~~872443403~~984332106 ~~546~~766 1880,~~300 SH sole N/A 18,300 TRANSKARYOTIC THERAPIES INC Com 893735100 991 27,500 SH sole N/A 27,500 TELEFONOS DE MEXICO-SP ADR L Com 879403780 4,812 150,~~000 Call sole N/A ~~150~~80,000 ~~TELEFONOS~~ZORAN DECORP ~~MEXICO-SP ADR L~~ Com ~~879403780~~98975F101 ~~4,812~~495 ~~150~~45,000 ~~Call~~SH sole N/A ~~150~~45,000 ~~TRW~~ZORAN ~~INC~~CORP Com ~~872649108~~98975F101 ~~11,681~~550 ~~205~~50,000 ~~Call~~Put sole N/A ~~205~~50,000 ~~TAIWAN~~ZORAN ~~SEMICONDUCTOR-SP~~CORP ~~ADR~~ Com ~~874039100~~98975F101 ~~1,300~~550 ~~100,000 Call sole N/A 100,000 TAIWAN SEMICONDUCTOR-SP ADR Com 874039100 650~~ 50,000 Call sole N/A 50,000 ~~TEXAS INSTRUMENTS INC Com 882508104 830 35,000 SH sole N/A 35,000~~

Page 8 of 8

------------------------------------------------------------------------------------------------------------------------------------ Value Shares/ Shr/ Investment Name of Issuer Title or Class Cusip (000) Prin Amnt Put/Call Discretion Other Managers Sole Voting Auth ------------------------------------------------------------------------------------------------------------------------------------ TEXAS INSTRUMENTS INC Com 882508104 2,370 100,000 Put sole N/A 100,000 TEXAS INSTRUMENTS INC Com 882508104 2,370 100,000 Call sole N/A 100,000 TYCO INTERNATIONAL LTD Com 902124106 4,664 345,200 SH sole N/A 345,200 TYCO INTERNATIONAL LTD Com 902124106 3,378 250,000 Put sole N/A 250,000 TYCO INTERNATIONAL LTD Com 902124106 4,053 300,000 Put sole N/A 300,000 TYCO INTERNATIONAL LTD Com 902124106 4,053 300,000 Put sole N/A 300,000 TYCO INTERNATIONAL LTD Com 902124106 2,027 150,000 Call sole N/A 150,000 TYCO INTERNATIONAL LTD Com 902124106 4,053 300,000 Call sole N/A 300,000 TYCO INTERNATIONAL LTD Com 902124106 473 35,000 Call sole N/A 35,000 UNUMPROVIDENT Com 91529Y106 428 16,800 SH sole N/A 16,800 UNITED PARCEL SERVICE -CL B Com 911312106 12,350 200,000 Put sole N/A 200,000 USA NETWORKS INC Com 902984103 1,173 50,000 Call sole N/A 50,000 US CELLULAR CORP Com 911684108 901 35,400 SH sole N/A 35,400 US CELLULAR CORP Com 911684108 2,545 100,000 Put sole N/A 100,000 US CELLULAR CORP Com 911684108 2,545 100,000 Put sole N/A 100,000 US CELLULAR CORP Com 911684108 5,090 200,000 Call sole N/A 200,000 US CELLULAR CORP Com 911684108 1,273 50,000 Call sole N/A 50,000 US CELLULAR CORP Com 911684108 2,163 85,000 Call sole N/A 85,000 UTSTARCOM INC Com 918076100 1,916 95,000 SH sole N/A 95,000 UTSTARCOM INC Com 918076100 1,009 50,000 Put sole N/A 50,000 UTSTARCOM INC Com 918076100 1,009 50,000 Put sole N/A 50,000 KNIGHTSBRIDGE TANKER Com G5299G106 400 27,800 SH sole N/A 27,800 VALERO ENERGY CORP Com 91913Y100 505 13,500 SH sole N/A 13,500 VERISIGN INC Com 92343E102 137 19,000 SH sole N/A 19,000 VERISIGN INC Com 92343E102 220 30,600 Put sole N/A 30,600 VERITAS SOFTWARE CORP Com 923436109 594 30,000 SH sole N/A 30,000 Varian Semiconductor Equipment Associates, Inc. Com 922207105 3,664 10,800 SH sole N/A 10,800 VESTA INSURANCE GROUP INC Com 925391104 428 100,000 SH sole N/A 100,000 INFOCURE CORP Com 45665A108 408 50,000 SH sole N/A 50,000 VERIZON COMMUNICATIONS Com 92343V104 803 20,000 Put sole N/A 20,000 VERIZON COMMUNICATIONS Com 92343V104 482 12,000 Call sole N/A 12,000 WATERS CORPORATION Com 941848103 801 30,000 SH sole N/A 30,000 WORLDCOM INC-WORLDCOM GROUP Com #N/A N.A. 249 300,000 SH sole N/A 300,000 WORLDCOM INC-WORLDCOM GROUP Com #N/A N.A. 249 300,000 Put sole N/A 300,000 WORLDCOM INC-WORLDCOM GROUP Com #N/A N.A. 42 50,000 Call sole N/A 50,000 WINN-DIXIE STORES INC Com 974280109 312 20,000 SH sole N/A 20,000 WASHINGTON MUTUAL INC Com 939322103 1,113 30,000 Put sole N/A 30,000 WILLIAMS COS INC Com 969457100 599 100,000 SH sole N/A 100,000 WILLIAMS COS INC Com 969457100 300 50,000 Call sole N/A 50,000 WASHINGTON POST Com 939640108 275 500 SH sole N/A 500 WYETH Com 983024100 5,632 110,000 SH sole N/A 110,000 WYETH Com 983024100 7,680 150,000 Put sole N/A 150,000 WYETH Com 983024100 5,120 100,000 Call sole N/A 100,000 WYETH Com 983024100 10,240 200,000 Call sole N/A 200,000 YAHOO! INC Com 984332106 369 25,000 SH sole N/A 25,000 YAHOO! INC Com 984332106 1,476 100,000 Call sole N/A 100,000

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