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: DECEMBER 31, 2001 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: CITADEL LIMITED PARTNERSHIP Address: 225 WEST WASHINGTON 9/TH/ FLOOR CHICAGO, IL 60606 13F File Number: 28-5912 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: GERALD A. BEESON Title: MANAGING DIRECTOR, FINANCE AND ACCOUNTING Phone: (312) 696-2121 Signature, Place, and Date of Signing: /s/ Gerald Beeson CHICAGO, ILLINOIS 03/11/02 ----------------------------- ----------------- -------- [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).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 1498 Form 13F Information Table Value Total: $8,828,246 (thousands) List of Other Included Managers: NONE

-------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount -------------------------------------------------------------------------------------------------------- AAPL 15.0 STRIKE PUT 01/19 Opt (Put) 037833100 500,000 2,500 -------------------------------------------------------------------------------------------------------- ABBOTT LABS Cmn 002824100 18,330,634 353,532 -------------------------------------------------------------------------------------------------------- ABITIBI-CONSOLIDATED INC Cmn 003924107 359,194 56,300 -------------------------------------------------------------------------------------------------------- ABN AMRO HOLDING NV -SP AD Cmn 000937102 217,190 13,068 -------------------------------------------------------------------------------------------------------- ACE LTD CMN STOCK Cmn G0070K103 866,100 30,000 -------------------------------------------------------------------------------------------------------- ACTUANT CORPORATION -CL A Cmn 00508X203 3,720,750 205,000 -------------------------------------------------------------------------------------------------------- ACXIOM CORP CMN STK Cmn 005125109 991,512 105,480 -------------------------------------------------------------------------------------------------------- ADC TELECOMMUNICATIONS INC Cmn 000886101 585,699 167,822 -------------------------------------------------------------------------------------------------------- ADELPHIA BUSINESS SOLUTION Cmn 006847107 340,891 321,595 -------------------------------------------------------------------------------------------------------- ADELPHIA COMMUN -CL A Cmn 006848105 1,121,100 50,500 -------------------------------------------------------------------------------------------------------- ADI 70.0 STRIKE PUT 01/19/ Opt (Put) 032654105 3,735,000 1,000 -------------------------------------------------------------------------------------------------------- ADOBE SYSTEMS Cmn 00724F101 1,030,541 42,975 -------------------------------------------------------------------------------------------------------- ADOLPH COORS COMPANY CLASS Cmn 217016104 299,025 6,645 -------------------------------------------------------------------------------------------------------- ADVANCED ENERGY INDS INC C Cmn 007973100 259,428 15,600 -------------------------------------------------------------------------------------------------------- ADVANCED FIBRE COMM INC Cmn 00754A105 502,219 34,375 -------------------------------------------------------------------------------------------------------- COLUMN TOTALS 32,859,282 -------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------ --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- AAPL 15.0 STRIKE PUT 01/19 X n/a n/a --------------------------------------------------------------------------------------------------------------------- ABBOTT LABS X n/a X --------------------------------------------------------------------------------------------------------------------- ABITIBI-CONSOLIDATED INC X n/a X --------------------------------------------------------------------------------------------------------------------- ABN AMRO HOLDING NV -SP AD X n/a X --------------------------------------------------------------------------------------------------------------------- ACE LTD CMN STOCK X n/a X --------------------------------------------------------------------------------------------------------------------- ACTUANT CORPORATION -CL A X n/a X --------------------------------------------------------------------------------------------------------------------- ACXIOM CORP CMN STK X n/a X --------------------------------------------------------------------------------------------------------------------- ADC TELECOMMUNICATIONS INC X n/a X --------------------------------------------------------------------------------------------------------------------- ADELPHIA BUSINESS SOLUTION X n/a X --------------------------------------------------------------------------------------------------------------------- ADELPHIA COMMUN -CL A X n/a X --------------------------------------------------------------------------------------------------------------------- ADI 70.0 STRIKE PUT 01/19/ X n/a n/a --------------------------------------------------------------------------------------------------------------------- ADOBE SYSTEMS X n/a X --------------------------------------------------------------------------------------------------------------------- ADOLPH COORS COMPANY CLASS X n/a X --------------------------------------------------------------------------------------------------------------------- ADVANCED ENERGY INDS INC C X n/a X --------------------------------------------------------------------------------------------------------------------- ADVANCED FIBRE COMM INC X n/a X --------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ---------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- ADVANCED MICRO DEVICES Cmn 007903107 2,683,819 329,303 ------------------------------------------------------------------------------------------------------- AES 20.0 STRIKE PUT 01/17/ Opt (Put) 00130H105 273,000 300 ------------------------------------------------------------------------------------------------------- AES 30.0 STRIKE PUT 01/17/ Opt (Put) 00130H105 212,400 120 ------------------------------------------------------------------------------------------------------- AES CORP COMMON STOCK Cmn 00130H105 2,671,547 208,389 ------------------------------------------------------------------------------------------------------- AETNA INC - NEW Cmn 00817Y108 884,381 30,612 ------------------------------------------------------------------------------------------------------- AFFILIATED MANAGERS GRP Cmn 008252108 1,079,390 19,000 ------------------------------------------------------------------------------------------------------- AFLAC INC Cmn 001055102 3,124,008 115,704 ------------------------------------------------------------------------------------------------------- AGILENT TECHNOLOGIES INC Cmn 00846U101 2,357,769 120,602 ------------------------------------------------------------------------------------------------------- AIG 30.0 STRIKE CALL 10/20 Opt (Call) 026874107 42,737,382 28,200 ------------------------------------------------------------------------------------------------------- AIG 70.0 STRIKE PUT 01/18/ Opt (Put) 026874107 223,850 370 ------------------------------------------------------------------------------------------------------- AIR PRODS & CHEMS INC Cmn 009158106 1,583,053 41,033 ------------------------------------------------------------------------------------------------------- AKAMAI TECHNOLOGIES 5 1/2% Cnv Bnd 00971TAC5 4,411,538 11,750 ------------------------------------------------------------------------------------------------------- ALBERTO CULVER CO Cmn 013068101 548,466 14,103 ------------------------------------------------------------------------------------------------------- ALBERTSONS INC Cmn 013104104 2,865,056 89,870 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 65,655,658 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- ADVANCED MICRO DEVICES X n/a X ---------------------------------------------------------------------------------------------------------------------- AES 20.0 STRIKE PUT 01/17/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- AES 30.0 STRIKE PUT 01/17/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- AES CORP COMMON STOCK X n/a X ---------------------------------------------------------------------------------------------------------------------- AETNA INC - NEW X n/a X ---------------------------------------------------------------------------------------------------------------------- AFFILIATED MANAGERS GRP X n/a X ---------------------------------------------------------------------------------------------------------------------- AFLAC INC X n/a X ---------------------------------------------------------------------------------------------------------------------- AGILENT TECHNOLOGIES INC X n/a X ---------------------------------------------------------------------------------------------------------------------- AIG 30.0 STRIKE CALL 10/20 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- AIG 70.0 STRIKE PUT 01/18/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- AIR PRODS & CHEMS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- AKAMAI TECHNOLOGIES 5 1/2% X n/a n/a ---------------------------------------------------------------------------------------------------------------------- ALBERTO CULVER CO X n/a X ---------------------------------------------------------------------------------------------------------------------- ALBERTSONS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------ Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------ ALCAN INC Cmn 013716105 3,019,860 100,662 ------------------------------------------------------------------------------------------------------ ALCOA INC CMN STOCK Cmn 013817101 5,595,382 180,438 ------------------------------------------------------------------------------------------------------ ALGOMA STEEL 12.375% 1ST M Corp Bond 01566MAA3 768,000 6,400 ------------------------------------------------------------------------------------------------------ ALKERMES INC CMN STK Cmn 01642T108 218,513 11,160 ------------------------------------------------------------------------------------------------------ ALLEGHENY ENERGY INC Cmn 017361106 2,071,605 56,447 ------------------------------------------------------------------------------------------------------ ALLEGHENY TECHNOLOGIES INC Cmn 01741R102 282,756 21,212 ------------------------------------------------------------------------------------------------------ ALLEGIANCE TELECOM INC Cmn 01747T102 422,962 140,519 ------------------------------------------------------------------------------------------------------ ALLERGAN INC Cmn 018490102 2,679,647 40,417 ------------------------------------------------------------------------------------------------------ ALLIANCE CAPITAL MGMT -LP Cmn 01855A101 297,050 6,500 ------------------------------------------------------------------------------------------------------ ALLIED CAPITAL CORP Cmn 01903Q108 254,800 11,200 ------------------------------------------------------------------------------------------------------ ALLIED WASTE INDS INC Cmn 019589308 1,197,161 93,895 ------------------------------------------------------------------------------------------------------ ALLMERICA FINL CORP Cmn 019754100 632,385 14,100 ------------------------------------------------------------------------------------------------------ ALLSTATE CORP Cmn 020002101 5,807,290 155,483 ------------------------------------------------------------------------------------------------------ ALLTEL CORP Cmn 020039103 4,760,129 82,142 ------------------------------------------------------------------------------------------------------ COLUMN TOTALS 28,007,541 ------------------------------------------------------------------------------------------------------ ----------------------------- (SEC USE ONLY) ----------------------------- ----------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ----------------------------------------------------------------------------------------------------------------------- ALCAN INC X n/a X ----------------------------------------------------------------------------------------------------------------------- ALCOA INC CMN STOCK X n/a X ----------------------------------------------------------------------------------------------------------------------- ALGOMA STEEL 12.375% 1ST M X n/a n/a ----------------------------------------------------------------------------------------------------------------------- ALKERMES INC CMN STK X n/a X ----------------------------------------------------------------------------------------------------------------------- ALLEGHENY ENERGY INC X n/a X ----------------------------------------------------------------------------------------------------------------------- ALLEGHENY TECHNOLOGIES INC X n/a X ----------------------------------------------------------------------------------------------------------------------- ALLEGIANCE TELECOM INC X n/a X ----------------------------------------------------------------------------------------------------------------------- ALLERGAN INC X n/a X ----------------------------------------------------------------------------------------------------------------------- ALLIANCE CAPITAL MGMT -LP X n/a X ----------------------------------------------------------------------------------------------------------------------- ALLIED CAPITAL CORP X n/a X ----------------------------------------------------------------------------------------------------------------------- ALLIED WASTE INDS INC X n/a X ----------------------------------------------------------------------------------------------------------------------- ALLMERICA FINL CORP X n/a X ----------------------------------------------------------------------------------------------------------------------- ALLSTATE CORP X n/a X ----------------------------------------------------------------------------------------------------------------------- ALLTEL CORP X n/a X ----------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS -----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- ALPHA INDS Cmn 020753109 706,017 36,449 ------------------------------------------------------------------------------------------------------- ALTERA CORP Cmn 021441100 4,418,980 269,779 ------------------------------------------------------------------------------------------------------- AMAZON COM INC Cmn 023135106 3,076,138 515,266 ------------------------------------------------------------------------------------------------------- AMBAC FINANCIAL GROUP INC Cmn 023139108 1,037,520 18,964 ------------------------------------------------------------------------------------------------------- AMD 27.5 STRIKE PUT 01/19/ Opt (Put) 007903107 3,880,000 2,000 ------------------------------------------------------------------------------------------------------- AMDOCS 2% CB DUE 6/1/08 14 Cnv Bnd 02342TAA7 3,702,300 4,515 ------------------------------------------------------------------------------------------------------- AMDOCS LTD CMN STOCK Cmn G02602103 13,375,635 501,900 ------------------------------------------------------------------------------------------------------- AMER SKIING CO CMN STOCK Cmn 029654308 127,000 127,000 ------------------------------------------------------------------------------------------------------- AMERADA HESS CORP Cmn 023551104 1,228,662 19,349 ------------------------------------------------------------------------------------------------------- AMERADA HESS CORP 6.65% DU Corp Bond 023551AH7 5,940,000 6,000 ------------------------------------------------------------------------------------------------------- AMEREN CORPORATION Cmn 023608102 1,133,530 29,519 ------------------------------------------------------------------------------------------------------- AMERICAN ELEC PWR INC Cmn 025537101 3,119,866 72,169 ------------------------------------------------------------------------------------------------------- AMERICAN EXPRESS CO. Cmn 025816109 7,279,239 250,490 ------------------------------------------------------------------------------------------------------- AMERICAN GREETINGS CORP-CL Cmn 026375105 687,196 51,903 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 49,712,083 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------ --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- ALPHA INDS X n/a X --------------------------------------------------------------------------------------------------------------------- ALTERA CORP X n/a X --------------------------------------------------------------------------------------------------------------------- AMAZON COM INC X n/a X --------------------------------------------------------------------------------------------------------------------- AMBAC FINANCIAL GROUP INC X n/a X --------------------------------------------------------------------------------------------------------------------- AMD 27.5 STRIKE PUT 01/19/ X n/a n/a --------------------------------------------------------------------------------------------------------------------- AMDOCS 2% CB DUE 6/1/08 14 X n/a n/a --------------------------------------------------------------------------------------------------------------------- AMDOCS LTD CMN STOCK X n/a X --------------------------------------------------------------------------------------------------------------------- AMER SKIING CO CMN STOCK X n/a X --------------------------------------------------------------------------------------------------------------------- AMERADA HESS CORP X n/a X --------------------------------------------------------------------------------------------------------------------- AMERADA HESS CORP 6.65% DU X n/a n/a --------------------------------------------------------------------------------------------------------------------- AMEREN CORPORATION X n/a X --------------------------------------------------------------------------------------------------------------------- AMERICAN ELEC PWR INC X n/a X --------------------------------------------------------------------------------------------------------------------- AMERICAN EXPRESS CO. X n/a X --------------------------------------------------------------------------------------------------------------------- AMERICAN GREETINGS CORP-CL X n/a X --------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ---------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- AMERICAN HOME PRODUC 6.7% Corp Bond 026609AM9 3,132,000 3,000 ------------------------------------------------------------------------------------------------------- AMERICAN HOME PRODUCTS Cmn 026609107 16,426,267 281,996 ------------------------------------------------------------------------------------------------------- AMERICAN INTL GROUP INC Cmn 026874107 45,002,646 576,957 ------------------------------------------------------------------------------------------------------- AMERICAN PWR CNVRSION Cmn 029066107 424,171 36,316 ------------------------------------------------------------------------------------------------------- AMERICAN STD COS INC DEL Cmn 029712106 297,000 5,400 ------------------------------------------------------------------------------------------------------- AMERICAN TOWER 2.25% OID D Cnv Bnd 029912AD4 22,608,804 31,538 ------------------------------------------------------------------------------------------------------- AMERICAN TOWER CORP - CL A Cmn 029912201 6,424,125 462,500 ------------------------------------------------------------------------------------------------------- AMERICREDIT CORP Cmn 03060R101 894,846 28,300 ------------------------------------------------------------------------------------------------------- AMERIPATH INC Cmn 03071D109 403,117 15,351 ------------------------------------------------------------------------------------------------------- AMERISOURCEBERGEN CORP Cmn 3073E108 1,815,398 25,587 ------------------------------------------------------------------------------------------------------- AMERITRADE HLDG CORP - Cmn 03072H109 2,170,453 541,260 ------------------------------------------------------------------------------------------------------- AMERN AXLE & MFG HLDGS INC Cmn 024061103 195,075 15,300 ------------------------------------------------------------------------------------------------------- AMES DEPT STORES INC 10% 0 Corp Bond 030789AM3 385,000 19,250 ------------------------------------------------------------------------------------------------------- AMGEN INC Cmn 031162100 14,087,580 239,707 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 114,266,482 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- AMERICAN HOME PRODUC 6.7% X n/a n/a ---------------------------------------------------------------------------------------------------------------------- AMERICAN HOME PRODUCTS X n/a X ---------------------------------------------------------------------------------------------------------------------- AMERICAN INTL GROUP INC X n/a X ---------------------------------------------------------------------------------------------------------------------- AMERICAN PWR CNVRSION X n/a X ---------------------------------------------------------------------------------------------------------------------- AMERICAN STD COS INC DEL X n/a X ---------------------------------------------------------------------------------------------------------------------- AMERICAN TOWER 2.25% OID D X n/a n/a ---------------------------------------------------------------------------------------------------------------------- AMERICAN TOWER CORP - CL A X n/a X ---------------------------------------------------------------------------------------------------------------------- AMERICREDIT CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- AMERIPATH INC X n/a X ---------------------------------------------------------------------------------------------------------------------- AMERISOURCEBERGEN CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- AMERITRADE HLDG CORP - X n/a X ---------------------------------------------------------------------------------------------------------------------- AMERN AXLE & MFG HLDGS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- AMES DEPT STORES INC 10% 0 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- AMGEN INC X n/a X ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------ Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------ AMKOR TECHNOLOGY, INC. Cmn 031652100 205,108 19,497 ------------------------------------------------------------------------------------------------------ AMR 30.0 STRIKE PUT 02/16/ Opt (Put) 001765106 813,120 726 ------------------------------------------------------------------------------------------------------ AMR CORPORATION Cmn 001765106 2,429,517 126,934 ------------------------------------------------------------------------------------------------------ AMSOUTH BANCORPORATION Cmn 032165102 1,559,224 86,288 ------------------------------------------------------------------------------------------------------ AMT 25.0 STRIKE PUT 01/18/ Opt (Put) 029912201 1,205,000 1,000 ------------------------------------------------------------------------------------------------------ AMTD 10.000 STRIKE PUT 01/ Opt (Put) 03072H109 5,196,750 8,450 ------------------------------------------------------------------------------------------------------ AMTD 15.0 STRIKE PUT 01/19 Opt (Put) 03072H109 1,130,000 1,000 ------------------------------------------------------------------------------------------------------ AMZN 15.0 STRIKE PUT 01/18 Opt (Put) 023135106 945,000 1,000 ------------------------------------------------------------------------------------------------------ AMZN 17.5 STRIKE PUT 01/18 Opt (Put) 023135106 464,000 400 ------------------------------------------------------------------------------------------------------ AMZN 20.0 STRIKE PUT 01/18 Opt (Put) 023135106 5,640,000 4,000 ------------------------------------------------------------------------------------------------------ AMZN 20.0 STRIKE PUT 01/19 Opt (Put) 023135106 695,000 500 ------------------------------------------------------------------------------------------------------ AMZN 25.000 STRIKE PUT 01/ Opt (Put) 023135106 4,347,000 2,300 ------------------------------------------------------------------------------------------------------ AMZN 35.0 STRIKE PUT 01/18 Opt (Put) 023135106 5,800,000 2,000 ------------------------------------------------------------------------------------------------------ ANADARKO PETROLEUM Cmn 032511107 2,168,745 45,107 ------------------------------------------------------------------------------------------------------ COLUMN TOTALS 32,598,464 ------------------------------------------------------------------------------------------------------ ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- AMKOR TECHNOLOGY, INC. X n/a X ---------------------------------------------------------------------------------------------------------------------- AMR 30.0 STRIKE PUT 02/16/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- AMR CORPORATION X n/a X ---------------------------------------------------------------------------------------------------------------------- AMSOUTH BANCORPORATION X n/a X ---------------------------------------------------------------------------------------------------------------------- AMT 25.0 STRIKE PUT 01/18/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- AMTD 10.000 STRIKE PUT 01/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- AMTD 15.0 STRIKE PUT 01/19 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- AMZN 15.0 STRIKE PUT 01/18 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- AMZN 17.5 STRIKE PUT 01/18 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- AMZN 20.0 STRIKE PUT 01/18 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- AMZN 20.0 STRIKE PUT 01/19 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- AMZN 25.000 STRIKE PUT 01/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- AMZN 35.0 STRIKE PUT 01/18 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- ANADARKO PETROLEUM X n/a X ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- ANADIGICS INC Cmn 032515108 205,119 16,813 ------------------------------------------------------------------------------------------------------- ANALOG DEVICES INC Cmn 032654105 5,684,633 173,842 ------------------------------------------------------------------------------------------------------- ANDOVER BANCORP INC/DE Cmn 034258103 5,614,400 110,000 ------------------------------------------------------------------------------------------------------- ANDREW CORP Cmn 034425108 266,446 14,656 ------------------------------------------------------------------------------------------------------- ANGLOGOLD LTD -SPON ADR Cmn 035128206 6,561,156 411,100 ------------------------------------------------------------------------------------------------------- ANHEUSER BUSCH COS INC Cmn 035229103 7,322,215 174,838 ------------------------------------------------------------------------------------------------------- ANIXTER INTERNATIONAL INC Cmn 035290105 324,618 13,100 ------------------------------------------------------------------------------------------------------- ANNTAYLOR STORES CORP Cmn 036115103 922,832 42,100 ------------------------------------------------------------------------------------------------------- AOL 30.0 STRIKE PUT 01/19/ Opt (Put) 00184A105 2,500,000 10,000 ------------------------------------------------------------------------------------------------------- AOL 36.6667 STRIKE PUT 01/ Opt (Put) 00184A105 814,500 900 ------------------------------------------------------------------------------------------------------- AOL 43.33 STRIKE PUT 01/1 Opt (Put) 00184A105 420,000 250 ------------------------------------------------------------------------------------------------------- AOL 45.000 STRIKE PUT 01/1 Opt (Put) 00184A105 1,230,000 1,000 ------------------------------------------------------------------------------------------------------- AOL 55.0 STRIKE PUT 01/18/ Opt (Put) 00184A105 6,780,000 3,000 ------------------------------------------------------------------------------------------------------- AOL TIME WARNER INC Cmn 00184A105 53,044,835 1,602,563 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 91,690,755 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- ANADIGICS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- ANALOG DEVICES INC X n/a X ---------------------------------------------------------------------------------------------------------------------- ANDOVER BANCORP INC/DE X n/a X ---------------------------------------------------------------------------------------------------------------------- ANDREW CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- ANGLOGOLD LTD -SPON ADR X n/a X ---------------------------------------------------------------------------------------------------------------------- ANHEUSER BUSCH COS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- ANIXTER INTERNATIONAL INC X n/a X ---------------------------------------------------------------------------------------------------------------------- ANNTAYLOR STORES CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- AOL 30.0 STRIKE PUT 01/19/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- AOL 36.6667 STRIKE PUT 01/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- AOL 43.33 STRIKE PUT 01/1 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- AOL 45.000 STRIKE PUT 01/1 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- AOL 55.0 STRIKE PUT 01/18/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- AOL TIME WARNER INC X n/a X ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- AON CORPORATION Cmn 037389103 2,140,068 50,954 ------------------------------------------------------------------------------------------------------- APACHE CORP Cmn 037411105 1,060,251 24,657 ------------------------------------------------------------------------------------------------------- APARTMENT INVT & MGMT CO Cmn 03748R101 511,438 11,300 ------------------------------------------------------------------------------------------------------- APPLE COMPUTER INC Cmn 037833100 1,954,787 126,034 ------------------------------------------------------------------------------------------------------- APPLIED BIOSYSTEMS-APLERA Cmn 038020103 928,371 38,048 ------------------------------------------------------------------------------------------------------- APPLIED MATERIAL Cmn 038222105 5,871,097 206,438 ------------------------------------------------------------------------------------------------------- APPLIED MICRO CIRCUITS Cmn 03822W109 686,236 98,174 ------------------------------------------------------------------------------------------------------- ARCHER DANIELS MIDLAND Cmn 039483102 1,831,656 145,485 ------------------------------------------------------------------------------------------------------- ARGENTINA FUND INC Cmn 040112104 113,400 14,000 ------------------------------------------------------------------------------------------------------- ARMSTRONG HOLDINGS 6.35% Corp Bond 042476AG6 6,427,200 12,360 ------------------------------------------------------------------------------------------------------- ARMSTRONG HOLDINGS 6.5% Corp Bond 042476AD3 1,040,000 2,000 ------------------------------------------------------------------------------------------------------- ARMSTRONG HOLDINGS 7.45% Corp Bond 042476AH4 2,834,000 5,450 ------------------------------------------------------------------------------------------------------- ARMSTRONG HOLDINGS 9.75% Corp Bond 042476AA9 2,069,600 3,980 ------------------------------------------------------------------------------------------------------- ARMSTRONG HOLDINGS INC Cmn 042384107 350,259 128,300 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 27,818,364 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- AON CORPORATION X n/a X --------------------------------------------------------------------------------------------------------------------- APACHE CORP X n/a X --------------------------------------------------------------------------------------------------------------------- APARTMENT INVT & MGMT CO X n/a X --------------------------------------------------------------------------------------------------------------------- APPLE COMPUTER INC X n/a X --------------------------------------------------------------------------------------------------------------------- APPLIED BIOSYSTEMS-APLERA X n/a X --------------------------------------------------------------------------------------------------------------------- APPLIED MATERIAL X n/a X --------------------------------------------------------------------------------------------------------------------- APPLIED MICRO CIRCUITS X n/a X --------------------------------------------------------------------------------------------------------------------- ARCHER DANIELS MIDLAND X n/a X --------------------------------------------------------------------------------------------------------------------- ARGENTINA FUND INC X n/a X --------------------------------------------------------------------------------------------------------------------- ARMSTRONG HOLDINGS 6.35% X n/a n/a --------------------------------------------------------------------------------------------------------------------- ARMSTRONG HOLDINGS 6.5% X n/a n/a --------------------------------------------------------------------------------------------------------------------- ARMSTRONG HOLDINGS 7.45% X n/a n/a --------------------------------------------------------------------------------------------------------------------- ARMSTRONG HOLDINGS 9.75% X n/a n/a --------------------------------------------------------------------------------------------------------------------- ARMSTRONG HOLDINGS INC X n/a X --------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ---------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- ARMSTRONG WORLD 7.45% Pfd 042476606 546,500 50,000 ------------------------------------------------------------------------------------------------------- ARMSTRONG WORLD 9% OF 6/15 Corp Bond 04248#AB6 1,560,520 3,001 ------------------------------------------------------------------------------------------------------- ARROW ELEC. Cmn 042735100 1,270,374 60,900 ------------------------------------------------------------------------------------------------------- ARROW ELECTRONICS 0% CB Cnv Bnd 042735AY6 16,306,960 40,000 ------------------------------------------------------------------------------------------------------- ARTHROCARE CORP Cmn 043136100 676,886 34,535 ------------------------------------------------------------------------------------------------------- ASHLAND INC Cmn 044204105 485,345 12,590 ------------------------------------------------------------------------------------------------------- ASML 13.72 STRIKE PUT 10/1 Opt (Put) N07059111 2,290,000 500,000 ------------------------------------------------------------------------------------------------------- ASML HOLDING NV NY- Cmn N07059111 489,317 43,650 ------------------------------------------------------------------------------------------------------- ASPECT TELECOM INC 0% Cnv Bnd 045237AE4 3,913,000 27,950 ------------------------------------------------------------------------------------------------------- AT&T Cmn 001957109 17,208,266 891,620 ------------------------------------------------------------------------------------------------------- AT&T WIRELESS SERVICES Cmn 00209A106 8,113,660 543,083 ------------------------------------------------------------------------------------------------------- ATLAS AIR WORLDWIDE HLDGS Cmn 049164106 461,965 46,900 ------------------------------------------------------------------------------------------------------- ATMEL CORP 0% CB Cnv Bnd 049513AC8 32,973,320 70,156 ------------------------------------------------------------------------------------------------------- ATMI INC Cmn 00207R101 391,117 25,315 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 86,687,229 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- ARMSTRONG WORLD 7.45% X n/a n/a ---------------------------------------------------------------------------------------------------------------------- ARMSTRONG WORLD 9% OF 6/15 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- ARROW ELEC. X n/a X ---------------------------------------------------------------------------------------------------------------------- ARROW ELECTRONICS 0% CB X n/a n/a ---------------------------------------------------------------------------------------------------------------------- ARTHROCARE CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- ASHLAND INC X n/a X ---------------------------------------------------------------------------------------------------------------------- ASML 13.72 STRIKE PUT 10/1 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- ASML HOLDING NV NY- X n/a X ---------------------------------------------------------------------------------------------------------------------- ASPECT TELECOM INC 0% X n/a n/a ---------------------------------------------------------------------------------------------------------------------- AT&T X n/a X ---------------------------------------------------------------------------------------------------------------------- AT&T WIRELESS SERVICES X n/a X ---------------------------------------------------------------------------------------------------------------------- ATLAS AIR WORLDWIDE HLDGS X n/a X ---------------------------------------------------------------------------------------------------------------------- ATMEL CORP 0% CB X n/a n/a ---------------------------------------------------------------------------------------------------------------------- ATMI INC X n/a X ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- ATML 10.0 STRIKE PUT 01/19 Opt (Put) 049513104 1,738,800 4,830 ------------------------------------------------------------------------------------------------------- AUTODESK INC Cmn 052769106 309,988 9,669 ------------------------------------------------------------------------------------------------------- AUTOMATIC DATA PROC Cmn 053015103 6,118,540 130,071 ------------------------------------------------------------------------------------------------------- AUTONATION INC Cmn 05329W102 129,213 14,700 ------------------------------------------------------------------------------------------------------- AUTOZONE INC Cmn 053332102 1,045,290 20,156 ------------------------------------------------------------------------------------------------------- AVAYA INC Cmn 053499109 521,146 52,641 ------------------------------------------------------------------------------------------------------- AVERY DENNISON CORP Cmn 053611109 1,830,329 38,688 ------------------------------------------------------------------------------------------------------- AVNET, INC. Cmn 053807103 412,913 22,700 ------------------------------------------------------------------------------------------------------- AVON PRODS INC Cmn 054303102 1,975,106 42,705 ------------------------------------------------------------------------------------------------------- AVX CORP NEW Cmn 002444107 165,954 10,200 ------------------------------------------------------------------------------------------------------- AXCELIS INC Cmn 054540109 100,850 10,672 ------------------------------------------------------------------------------------------------------- BAKER HUGHES Cmn 057224107 1,749,159 60,420 ------------------------------------------------------------------------------------------------------- BALL CORP Cmn 058498106 299,260 4,996 ------------------------------------------------------------------------------------------------------- BANK OF NEW YORK Cmn 064057102 5,728,310 163,666 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 22,124,859 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- ATML 10.0 STRIKE PUT 01/19 X n/a n/a --------------------------------------------------------------------------------------------------------------------- AUTODESK INC X n/a X --------------------------------------------------------------------------------------------------------------------- AUTOMATIC DATA PROC X n/a X --------------------------------------------------------------------------------------------------------------------- AUTONATION INC X n/a X --------------------------------------------------------------------------------------------------------------------- AUTOZONE INC X n/a X --------------------------------------------------------------------------------------------------------------------- AVAYA INC X n/a X --------------------------------------------------------------------------------------------------------------------- AVERY DENNISON CORP X n/a X --------------------------------------------------------------------------------------------------------------------- AVNET, INC. X n/a X --------------------------------------------------------------------------------------------------------------------- AVON PRODS INC X n/a X --------------------------------------------------------------------------------------------------------------------- AVX CORP NEW X n/a X --------------------------------------------------------------------------------------------------------------------- AXCELIS INC X n/a X --------------------------------------------------------------------------------------------------------------------- BAKER HUGHES X n/a X --------------------------------------------------------------------------------------------------------------------- BALL CORP X n/a X --------------------------------------------------------------------------------------------------------------------- BANK OF NEW YORK X n/a X --------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ---------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------ Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------ BANK ONE CORP. Cmn 06423A103 9,356,157 297,304 ------------------------------------------------------------------------------------------------------ BANKAMERICA CORP Cmn 060505104 19,203,438 328,826 ------------------------------------------------------------------------------------------------------ BARD C R INC Cmn 067383109 63,205,202 1,229,434 ------------------------------------------------------------------------------------------------------ BARRICK GOLD CORP Cmn 067901108 1,788,889 103,106 ------------------------------------------------------------------------------------------------------ BAUSCH & LOMB INC Cmn 071707103 777,458 27,472 ------------------------------------------------------------------------------------------------------ BAXTER INTL INC Cmn 071813109 6,330,255 114,991 ------------------------------------------------------------------------------------------------------ BB&T CORP. Cmn 054937107 3,614,200 99,155 ------------------------------------------------------------------------------------------------------ BE AEROSPACE INC 8% 03/01 Corp Bond 055381AF4 3,250,000 5,000 ------------------------------------------------------------------------------------------------------ BE AEROSPACE INC Cmn 073302101 110,200 14,500 ------------------------------------------------------------------------------------------------------ BEAR STEARNS COMPANIES INC Cmn 073902108 3,739,398 74,773 ------------------------------------------------------------------------------------------------------ BEAS SYSTEMS 4% CB DUE 12/ Cnv Bnd 073325AD4 28,639,145 39,011 ------------------------------------------------------------------------------------------------------ BEAZER HOMES USA INC Cmn 07556Q105 243,000 5,000 ------------------------------------------------------------------------------------------------------ BECTON DICKINSON & CO Cmn 075887109 2,350,314 63,522 ------------------------------------------------------------------------------------------------------ BED BATH & BEYOND INC Cmn 075896100 1,412,546 55,481 ------------------------------------------------------------------------------------------------------ COLUMN TOTALS 144,020,202 ------------------------------------------------------------------------------------------------------ ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- BANK ONE CORP. X n/a X --------------------------------------------------------------------------------------------------------------------- BANKAMERICA CORP X n/a X --------------------------------------------------------------------------------------------------------------------- BARD C R INC X n/a X --------------------------------------------------------------------------------------------------------------------- BARRICK GOLD CORP X n/a X --------------------------------------------------------------------------------------------------------------------- BAUSCH & LOMB INC X n/a X --------------------------------------------------------------------------------------------------------------------- BAXTER INTL INC X n/a X --------------------------------------------------------------------------------------------------------------------- BB&T CORP. X n/a X --------------------------------------------------------------------------------------------------------------------- BE AEROSPACE INC 8% 03/01 X n/a n/a --------------------------------------------------------------------------------------------------------------------- BE AEROSPACE INC X n/a X --------------------------------------------------------------------------------------------------------------------- BEAR STEARNS COMPANIES INC X n/a X --------------------------------------------------------------------------------------------------------------------- BEAS SYSTEMS 4% CB DUE 12/ X n/a n/a --------------------------------------------------------------------------------------------------------------------- BEAZER HOMES USA INC X n/a X --------------------------------------------------------------------------------------------------------------------- BECTON DICKINSON & CO X n/a X --------------------------------------------------------------------------------------------------------------------- BED BATH & BEYOND INC X n/a X --------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ---------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- BELLSOUTH CORP Cmn 079860102 17,786,184 428,067 ------------------------------------------------------------------------------------------------------- BEMIS INC Cmn 081437105 380,687 9,553 ------------------------------------------------------------------------------------------------------- BEST BUY CO. Cmn 086516101 3,035,878 66,796 ------------------------------------------------------------------------------------------------------- BETHLEHEM STEEL 7.625% 08/ Corp Bond 549866AA9 1,955,000 8,500 ------------------------------------------------------------------------------------------------------- BETHLEHEM STEEL Cmn 087509105 254,976 199,200 ------------------------------------------------------------------------------------------------------- BEYOND.COM 10.875% CB Cnv Bnd 08860EAB7 287,861 4,838 ------------------------------------------------------------------------------------------------------- BIG LOTS INC Cmn 089302103 220,696 26,622 ------------------------------------------------------------------------------------------------------- BIOGEN Cmn 090597105 1,774,336 31,924 ------------------------------------------------------------------------------------------------------- BIOMET INC Cmn 090613100 1,770,649 60,535 ------------------------------------------------------------------------------------------------------- BISYS GROUP 4% CB Cnv Bnd 055472AB0 7,493,050 7,150 ------------------------------------------------------------------------------------------------------- BJ SERVICES CO Cmn 055482103 204,585 11,500 ------------------------------------------------------------------------------------------------------- BLACK & DECKER CORP Cmn 091797100 1,448,054 46,412 ------------------------------------------------------------------------------------------------------- BLOCK H & R INC Cmn 093671105 1,322,955 34,309 ------------------------------------------------------------------------------------------------------- BMC SOFTWARE INC Cmn 055921100 911,339 71,759 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 38,846,251 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- BELLSOUTH CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- BEMIS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- BEST BUY CO. X n/a X ---------------------------------------------------------------------------------------------------------------------- BETHLEHEM STEEL 7.625% 08/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- BETHLEHEM STEEL X n/a X ---------------------------------------------------------------------------------------------------------------------- BEYOND.COM 10.875% CB X n/a n/a ---------------------------------------------------------------------------------------------------------------------- BIG LOTS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- BIOGEN X n/a X ---------------------------------------------------------------------------------------------------------------------- BIOMET INC X n/a X ---------------------------------------------------------------------------------------------------------------------- BISYS GROUP 4% CB X n/a n/a ---------------------------------------------------------------------------------------------------------------------- BJ SERVICES CO X n/a X ---------------------------------------------------------------------------------------------------------------------- BLACK & DECKER CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- BLOCK H & R INC X n/a X ---------------------------------------------------------------------------------------------------------------------- BMC SOFTWARE INC X n/a X ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------ Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------ BOEING CO. Cmn 097023105 6,522,651 194,706 ------------------------------------------------------------------------------------------------------ BOISE CASCADE CORP. Cmn 097383103 304,116 10,309 ------------------------------------------------------------------------------------------------------ BORG WARNER INC Cmn 099724106 217,620 5,400 ------------------------------------------------------------------------------------------------------ BOSTON SCIENTIFIC CORP Cmn 101137107 1,480,100 72,200 ------------------------------------------------------------------------------------------------------ BOYD GAMING CORP 9.25% Corp Bond 103304AF8 6,545,000 7,000 ------------------------------------------------------------------------------------------------------ BRAZIL FUND INC Cmn 105759104 2,493,240 210,400 ------------------------------------------------------------------------------------------------------ BRINKER INTL INC Cmn 109641100 11,810,000 500,000 ------------------------------------------------------------------------------------------------------ BRISTOL MYERS SQUIBB CO Cmn 110122108 22,083,433 397,470 ------------------------------------------------------------------------------------------------------ BROADCOM CORP Cmn 111320107 1,869,326 92,085 ------------------------------------------------------------------------------------------------------ BROCADE COMMUNICATIONS Cmn 111621108 506,567 36,106 ------------------------------------------------------------------------------------------------------ BROWN-FORMAN -CL B Cmn 115637209 974,552 15,425 ------------------------------------------------------------------------------------------------------ BRUNSWICK CORP Cmn 117043109 835,984 50,758 ------------------------------------------------------------------------------------------------------ BSC 50.0 STRIKE PUT 01/19 Opt (Put) 073902108 410,000 1,000 ------------------------------------------------------------------------------------------------------ BURLINGTON NORTHERN SANTA Cmn 12189T104 2,247,214 84,008 ------------------------------------------------------------------------------------------------------ COLUMN TOTALS 58,299,802 ------------------------------------------------------------------------------------------------------ ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- BOEING CO. X n/a X ---------------------------------------------------------------------------------------------------------------------- BOISE CASCADE CORP. X n/a X ---------------------------------------------------------------------------------------------------------------------- BORG WARNER INC X n/a X ---------------------------------------------------------------------------------------------------------------------- BOSTON SCIENTIFIC CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- BOYD GAMING CORP 9.25% X n/a n/a ---------------------------------------------------------------------------------------------------------------------- BRAZIL FUND INC X n/a X ---------------------------------------------------------------------------------------------------------------------- BRINKER INTL INC X n/a X ---------------------------------------------------------------------------------------------------------------------- BRISTOL MYERS SQUIBB CO X n/a X ---------------------------------------------------------------------------------------------------------------------- BROADCOM CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- BROCADE COMMUNICATIONS X n/a X ---------------------------------------------------------------------------------------------------------------------- BROWN-FORMAN -CL B X n/a X ---------------------------------------------------------------------------------------------------------------------- BRUNSWICK CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- BSC 50.0 STRIKE PUT 01/19 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- BURLINGTON NORTHERN SANTA X n/a X ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- BURLINGTON RES INC Cmn 122014103 1,301,896 38,056 ------------------------------------------------------------------------------------------------------- C 35.0 STRIKE PUT 01/19/20 Opt (Put) 172967101 285,000 2,000 ------------------------------------------------------------------------------------------------------- C 40.0 STRIKE PUT 01/19/20 Opt (Put) 172967101 1,220,000 4,000 ------------------------------------------------------------------------------------------------------- C 45.0 STRIKE PUT 01/19/20 Opt (Put) 172967101 804,650 1,000 ------------------------------------------------------------------------------------------------------- C 45.000 STRIKE PUT 01/19 Opt (Put) 172967101 1,180,000 2,000 ------------------------------------------------------------------------------------------------------- CALPINE CORP Cmn 131347106 6,234,954 273,343 ------------------------------------------------------------------------------------------------------- CAMBREX CORP Cmn 132011107 204,533 6,100 ------------------------------------------------------------------------------------------------------- CAMPBELL SOUP CO Cmn 134429109 2,145,892 76,639 ------------------------------------------------------------------------------------------------------- CANADIAN PAC LTD Cmn 13645T100 308,064 9,600 ------------------------------------------------------------------------------------------------------- CAPITAL ONE FINL CORP Cmn 14040H105 2,635,954 57,266 ------------------------------------------------------------------------------------------------------- CARDINAL HEALTH INC 6.75% Corp Bond 14149YAF5 2,040,000 2,000 ------------------------------------------------------------------------------------------------------- CARDINAL HEALTH, INC. COMM Cmn 14149Y108 7,972,550 107,810 ------------------------------------------------------------------------------------------------------- CARLISLE COS INC CMN STK Cmn 142339100 213,028 7,600 ------------------------------------------------------------------------------------------------------- CARNIVAL CORP Cmn 143658102 4,041,154 183,522 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 30,587,675 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- BURLINGTON RES INC X n/a X ---------------------------------------------------------------------------------------------------------------------- C 35.0 STRIKE PUT 01/19/20 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- C 40.0 STRIKE PUT 01/19/20 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- C 45.0 STRIKE PUT 01/19/20 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- C 45.000 STRIKE PUT 01/19 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CALPINE CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- CAMBREX CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- CAMPBELL SOUP CO X n/a X ---------------------------------------------------------------------------------------------------------------------- CANADIAN PAC LTD X n/a X ---------------------------------------------------------------------------------------------------------------------- CAPITAL ONE FINL CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- CARDINAL HEALTH INC 6.75% X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CARDINAL HEALTH, INC. COMM X n/a X ---------------------------------------------------------------------------------------------------------------------- CARLISLE COS INC CMN STK X n/a X ---------------------------------------------------------------------------------------------------------------------- CARNIVAL CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- CATERPILLAR INC Cmn 149123101 3,379,398 75,433 ------------------------------------------------------------------------------------------------------- CCL 25.0 STRIKE PUT 04/20/ Opt (Put) 143658102 255,000 500 ------------------------------------------------------------------------------------------------------- CCMP 50.0 STRIKE PUT 01/19 Opt (Put) 12709P103 262,500 250 ------------------------------------------------------------------------------------------------------- CD 15.0 STRIKE PUT 01/18/2 Opt (Put) 151313103 2,200,000 5,000 ------------------------------------------------------------------------------------------------------- CDO 10.0 STRIKE PUT 01/19/ Opt (Put) 200336105 592,200 630 ------------------------------------------------------------------------------------------------------- CELESTICA 0% CB DUE 8/01/2 Cnv Bnd 15101QAA6 17,329,867 46,546 ------------------------------------------------------------------------------------------------------- CENDANT 0% CB DUE 2/13/21 Cnv Bnd 151313AF0 37,973,000 63,500 ------------------------------------------------------------------------------------------------------- CENDANT 0% CB DUE 5/4/21 R Cnv Bnd 151313AH6 150,533,438 156,500 ------------------------------------------------------------------------------------------------------- CENDANT CORP Cmn 151313103 2,890,624 225,830 ------------------------------------------------------------------------------------------------------- CENTENNIAL COMMUNICATIONS Cmn 15133V208 709,236 78,804 ------------------------------------------------------------------------------------------------------- CENTEX CORP Cmn 152312104 359,528 10,659 ------------------------------------------------------------------------------------------------------- CENTRA SOFTWARE INC Cmn 15234X103 137,474 16,060 ------------------------------------------------------------------------------------------------------- CENTURYTEL INC Cmn 156700106 1,917,507 57,239 ------------------------------------------------------------------------------------------------------- CEPHALON INC Cmn 156708109 634,723 12,725 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 219,174,494 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- CATERPILLAR INC X n/a X ---------------------------------------------------------------------------------------------------------------------- CCL 25.0 STRIKE PUT 04/20/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CCMP 50.0 STRIKE PUT 01/19 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CD 15.0 STRIKE PUT 01/18/2 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CDO 10.0 STRIKE PUT 01/19/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CELESTICA 0% CB DUE 8/01/2 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CENDANT 0% CB DUE 2/13/21 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CENDANT 0% CB DUE 5/4/21 R X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CENDANT CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- CENTENNIAL COMMUNICATIONS X n/a X ---------------------------------------------------------------------------------------------------------------------- CENTEX CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- CENTRA SOFTWARE INC X n/a X ---------------------------------------------------------------------------------------------------------------------- CENTURYTEL INC X n/a X ---------------------------------------------------------------------------------------------------------------------- CEPHALON INC X n/a X ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- CERUS CORP Cmn 157085101 233,699 4,946 ------------------------------------------------------------------------------------------------------- CHARTER COMM HLDGS LLC 9.6 Corp Bond 16117PAY6 1,880,000 2,000 ------------------------------------------------------------------------------------------------------- CHARTER COMMUNICATIONS INC Cmn 16117M107 1,468,578 118,625 ------------------------------------------------------------------------------------------------------- CHARTER ONE FINL INC Cmn 160903100 1,102,665 39,074 ------------------------------------------------------------------------------------------------------- CHECK POINT SOFTWARE TECH Cmn M22465104 262,721 11,931 ------------------------------------------------------------------------------------------------------- CHECKFREE CORPORATION Cmn 162813109 921,098 54,278 ------------------------------------------------------------------------------------------------------- CHECKFREE HOLDINGS 6.50% Cnv Bnd 162816AC6 4,989,638 7,003 ------------------------------------------------------------------------------------------------------- CHECKPOINT SYSTEMS 5.25% Cnv Bnd 162825103 828,800 1,000 ------------------------------------------------------------------------------------------------------- CHEESECAKE FACTORY INC Cmn 163072101 871,780 36,400 ------------------------------------------------------------------------------------------------------- CHEVRONTEXACO CORP Cmn 166764100 10,544,341 124,417 ------------------------------------------------------------------------------------------------------- CHICOS FAS INC Cmn 168615102 704,145 29,900 ------------------------------------------------------------------------------------------------------- CHIRON CORP Cmn 170040109 1,513,904 34,120 ------------------------------------------------------------------------------------------------------- CHUBB CORP. Cmn 171232101 2,416,086 33,834 ------------------------------------------------------------------------------------------------------- CIENA CORP Cmn 171779101 839,438 81,578 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 28,576,891 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- CERUS CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- CHARTER COMM HLDGS LLC 9.6 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CHARTER COMMUNICATIONS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- CHARTER ONE FINL INC X n/a X ---------------------------------------------------------------------------------------------------------------------- CHECK POINT SOFTWARE TECH X n/a X ---------------------------------------------------------------------------------------------------------------------- CHECKFREE CORPORATION X n/a X ---------------------------------------------------------------------------------------------------------------------- CHECKFREE HOLDINGS 6.50% X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CHECKPOINT SYSTEMS 5.25% X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CHEESECAKE FACTORY INC X n/a X ---------------------------------------------------------------------------------------------------------------------- CHEVRONTEXACO CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- CHICOS FAS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- CHIRON CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- CHUBB CORP. X n/a X ---------------------------------------------------------------------------------------------------------------------- CIENA CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------ Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------ CIGNA CORP. Cmn 125509109 2,230,691 26,892 ------------------------------------------------------------------------------------------------------ CINCINNATI FINANCIAL Cmn 172062101 1,375,291 33,044 ------------------------------------------------------------------------------------------------------ CINERGY CORP Cmn 172474108 1,055,044 34,177 ------------------------------------------------------------------------------------------------------ CINTAS CORP Cmn 172908105 1,875,844 46,547 ------------------------------------------------------------------------------------------------------ CIRCUIT CITY STORES INC Cmn 172737108 449,448 37,454 ------------------------------------------------------------------------------------------------------ CIRCUS CIRCUS ENTERP 9.5% Corp Bond 562567AD9 1,940,000 2,000 ------------------------------------------------------------------------------------------------------ CIRRUS LOGIC INC Cmn 172755100 76,678 10,334 ------------------------------------------------------------------------------------------------------ CISCO SYS INC Cmn 17275R102 19,834,204 1,628,424 ------------------------------------------------------------------------------------------------------ CITIGROUP INC. Cmn 172967101 49,108,842 1,212,564 ------------------------------------------------------------------------------------------------------ CITIZENS COMMUNICATIONS Cmn 17453B101 693,983 73,828 ------------------------------------------------------------------------------------------------------ CITRIX SYS 0% CB Cnv Bnd 177376AB6 35,787,782 84,881 ------------------------------------------------------------------------------------------------------ CITRIX SYS INC Cmn 177376100 1,528,025 77,173 ------------------------------------------------------------------------------------------------------ CITY NATIONAL CORP Cmn 178566105 245,955 5,700 ------------------------------------------------------------------------------------------------------ CKFR 25.0 STRIKE PUT Opt (Put) 162813109 2,257,500 2,100 ------------------------------------------------------------------------------------------------------ COLUMN TOTALS 118,459,289 ------------------------------------------------------------------------------------------------------ ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- CIGNA CORP. X n/a X ----------------------------------------------------------------------------------------------------------------------- CINCINNATI FINANCIAL X n/a X ----------------------------------------------------------------------------------------------------------------------- CINERGY CORP X n/a X ----------------------------------------------------------------------------------------------------------------------- CINTAS CORP X n/a X ----------------------------------------------------------------------------------------------------------------------- CIRCUIT CITY STORES INC X n/a X ----------------------------------------------------------------------------------------------------------------------- CIRCUS CIRCUS ENTERP 9.5% X n/a n/a ----------------------------------------------------------------------------------------------------------------------- CIRRUS LOGIC INC X n/a X ----------------------------------------------------------------------------------------------------------------------- CISCO SYS INC X n/a X ----------------------------------------------------------------------------------------------------------------------- CITIGROUP INC. X n/a X ----------------------------------------------------------------------------------------------------------------------- CITIZENS COMMUNICATIONS X n/a X ----------------------------------------------------------------------------------------------------------------------- CITRIX SYS 0% CB X n/a n/a ----------------------------------------------------------------------------------------------------------------------- CITRIX SYS INC X n/a X ----------------------------------------------------------------------------------------------------------------------- CITY NATIONAL CORP X n/a X ----------------------------------------------------------------------------------------------------------------------- CKFR 25.0 STRIKE PUT X n/a n/a ----------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS -----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- CLEAR CHANNEL COMMUNIC Cmn 184502102 6,174,725 155,339 ------------------------------------------------------------------------------------------------------- CLOROX CO Cmn 189054109 2,164,722 58,506 ------------------------------------------------------------------------------------------------------- CLS 35.0 STRIKE PUT 01/18 Opt (Put) 15101Q108 258,000 200 ------------------------------------------------------------------------------------------------------- CMGI 10.0 STRIKE PUT 01/18 Opt (Put) 125750109 3,630,900 3,990 ------------------------------------------------------------------------------------------------------- CMGI 10.0 STRIKE PUT 01/19 Opt (Put) 125750109 1,834,750 2,050 ------------------------------------------------------------------------------------------------------- CMGI 15.0 STRIKE PUT 01/18 Opt (Put) 125750109 4,796,640 3,331 ------------------------------------------------------------------------------------------------------- CMGI 15.0 STRIKE PUT 01/19 Opt (Put) 125750109 5,789,000 4,135 ------------------------------------------------------------------------------------------------------- CMGI 20.0 STRIKE PUT 01/18 Opt (Put) 125750109 8,164,830 4,286 ------------------------------------------------------------------------------------------------------- CMGI 20.000 STRIKE PUT 01/ Opt (Put) 125750109 5,671,500 2,985 ------------------------------------------------------------------------------------------------------- CMGI 25.000 STRIKE PUT 01/ Opt (Put) 125750109 6,972,000 2,905 ------------------------------------------------------------------------------------------------------- CMGI 30.0 STRIKE PUT 01/18 Opt (Put) 125750109 3,508,740 1,212 ------------------------------------------------------------------------------------------------------- CMGI 30.000 STRIKE PUT 01/ Opt (Put) 125750109 2,030,000 700 ------------------------------------------------------------------------------------------------------- CMGI 5.0 STRIKE PUT 01/18/ Opt (Put) 125750109 2,218,100 5,410 ------------------------------------------------------------------------------------------------------- CMGI 5.0 STRIKE PUT 01/19/ Opt (Put) 125750109 1,696,170 4,137 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 54,910,077 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- CLEAR CHANNEL COMMUNIC X n/a X ---------------------------------------------------------------------------------------------------------------------- CLOROX CO X n/a X ---------------------------------------------------------------------------------------------------------------------- CLS 35.0 STRIKE PUT 01/18 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CMGI 10.0 STRIKE PUT 01/18 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CMGI 10.0 STRIKE PUT 01/19 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CMGI 15.0 STRIKE PUT 01/18 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CMGI 15.0 STRIKE PUT 01/19 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CMGI 20.0 STRIKE PUT 01/18 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CMGI 20.000 STRIKE PUT 01/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CMGI 25.000 STRIKE PUT 01/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CMGI 30.0 STRIKE PUT 01/18 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CMGI 30.000 STRIKE PUT 01/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CMGI 5.0 STRIKE PUT 01/18/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CMGI 5.0 STRIKE PUT 01/19/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- CMGI 7.5 STRIKE PUT 01/18/ Opt (Put) 125750109 1,900,120 2,836 ------------------------------------------------------------------------------------------------------- CMGI 7.5 STRIKE PUT 01/19/ Opt (Put) 125750109 2,274,270 3,526 ------------------------------------------------------------------------------------------------------- CMS 25.0 STRIKE PUT 12/22/ Opt (Put) 125896100 817,500 1,500 ------------------------------------------------------------------------------------------------------- CMS ENERGY 7.25% DEBT PERC Perc 125896605 22,468,968 928,700 ------------------------------------------------------------------------------------------------------- CMS ENERGY CORP Cmn 125896100 1,186,280 59,314 ------------------------------------------------------------------------------------------------------- CNA FINL CORP Cmn 126117100 508,352 18,800 ------------------------------------------------------------------------------------------------------- CNF INC Cmn 12612W104 381,261 16,700 ------------------------------------------------------------------------------------------------------- COCA COLA CO Cmn 191216100 26,106,226 557,230 ------------------------------------------------------------------------------------------------------- COCA COLA ENTERPRISES INC Cmn 191219104 1,472,778 96,009 ------------------------------------------------------------------------------------------------------- COLGATE PALMOLIVE CO Cmn 194162103 5,919,307 101,619 ------------------------------------------------------------------------------------------------------- COLUMBIA SPORTSWEAR CO Cmn 198516106 463,758 20,890 ------------------------------------------------------------------------------------------------------- COMCAST CORP - SPECIAL CL Cmn 200300200 6,731,185 187,655 ------------------------------------------------------------------------------------------------------- COMDISCO INC Cmn 200336105 611,889 1,037,100 ------------------------------------------------------------------------------------------------------- COMDISCO, INC. 7.25% 09/01 Corp Bond 200336AV7 610,500 825 ------------------------------------------------------------------------------------------------------- COMDISCO, INC. 9.5% 08/15/ Corp Bond 200336AW5 5,380,375 7,150 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 76,832,768 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- CMGI 7.5 STRIKE PUT 01/18/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CMGI 7.5 STRIKE PUT 01/19/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CMS 25.0 STRIKE PUT 12/22/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CMS ENERGY 7.25% DEBT PERC X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CMS ENERGY CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- CNA FINL CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- CNF INC X n/a X ---------------------------------------------------------------------------------------------------------------------- COCA COLA CO X n/a X ---------------------------------------------------------------------------------------------------------------------- COCA COLA ENTERPRISES INC X n/a X ---------------------------------------------------------------------------------------------------------------------- COLGATE PALMOLIVE CO X n/a X ---------------------------------------------------------------------------------------------------------------------- COLUMBIA SPORTSWEAR CO X n/a X ---------------------------------------------------------------------------------------------------------------------- COMCAST CORP - SPECIAL CL X n/a X ---------------------------------------------------------------------------------------------------------------------- COMDISCO INC X n/a X ---------------------------------------------------------------------------------------------------------------------- COMDISCO, INC. 7.25% 09/01 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- COMDISCO, INC. 9.5% 08/15/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- COMERICA INC Cmn 200340107 2,653,438 47,896 ------------------------------------------------------------------------------------------------------- COMMERCE BANCORP Cmn 200519106 571,200 8,400 ------------------------------------------------------------------------------------------------------- COMPAQ COMPUTER CORP Cmn 204493100 9,660,367 1,162,499 ------------------------------------------------------------------------------------------------------- COMPASS BANCSHARES INC Cmn 20449H109 211,806 8,137 ------------------------------------------------------------------------------------------------------- COMPUTER ASSOCIATE INTL Cmn 204912109 5,306,507 206,158 ------------------------------------------------------------------------------------------------------- COMPUTER SCIENCES CORP Cmn 205363104 1,006,610 30,347 ------------------------------------------------------------------------------------------------------- COMPUWARE CORP Cmn 205638109 851,168 102,181 ------------------------------------------------------------------------------------------------------- COMVERSE TECHNOLOGY Cmn 205862402 1,175,572 57,401 ------------------------------------------------------------------------------------------------------- CONAGRA FOODS INC Cmn 205887102 2,631,814 117,230 ------------------------------------------------------------------------------------------------------- CONCORD EFS INC Cmn 206197105 2,117,283 43,254 ------------------------------------------------------------------------------------------------------- CONEXANT SYS INC Cmn 207142100 629,787 75,878 ------------------------------------------------------------------------------------------------------- CONOCO CL B Cmn 208251504 4,494,936 177,385 ------------------------------------------------------------------------------------------------------- CONOCO INC CL A Cmn 208251504 2,214,953 87,100 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 33,525,441 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- COMERICA INC X n/a X --------------------------------------------------------------------------------------------------------------------- COMMERCE BANCORP X n/a X --------------------------------------------------------------------------------------------------------------------- COMPAQ COMPUTER CORP X n/a X --------------------------------------------------------------------------------------------------------------------- COMPASS BANCSHARES INC X n/a X --------------------------------------------------------------------------------------------------------------------- COMPUTER ASSOCIATE INTL X n/a X --------------------------------------------------------------------------------------------------------------------- COMPUTER SCIENCES CORP X n/a X --------------------------------------------------------------------------------------------------------------------- COMPUWARE CORP X n/a X --------------------------------------------------------------------------------------------------------------------- COMVERSE TECHNOLOGY X n/a X --------------------------------------------------------------------------------------------------------------------- CONAGRA FOODS INC X n/a X --------------------------------------------------------------------------------------------------------------------- CONCORD EFS INC X n/a X --------------------------------------------------------------------------------------------------------------------- CONEXANT SYS INC X n/a X --------------------------------------------------------------------------------------------------------------------- CONOCO CL B X n/a X --------------------------------------------------------------------------------------------------------------------- CONOCO INC CL A X n/a X --------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ---------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- CONSECO INC. Cmn 208464107 1,428,485 196,761 ------------------------------------------------------------------------------------------------------- CONSECO, INC. 8.796% 04/01 Corp Bond 20846JAA2 1,575,000 3,500 ------------------------------------------------------------------------------------------------------- CONSOLIDATED EDISON INC Cmn 209115104 1,557,214 38,242 ------------------------------------------------------------------------------------------------------- CONSTELLATION ENERGY GROUP Cmn 210371100 1,474,627 60,935 ------------------------------------------------------------------------------------------------------- CONTINENTAL AIRLS INC -CL Cmn 210795308 607,500 40,500 ------------------------------------------------------------------------------------------------------- CONVERGYS CORP Cmn 212485106 1,003,163 36,150 ------------------------------------------------------------------------------------------------------- COOPER INDUSTRIES Cmn 216669101 60,755,084 1,465,037 ------------------------------------------------------------------------------------------------------- COOPER TIRE & RUBR CO Cmn 216831107 921,015 64,678 ------------------------------------------------------------------------------------------------------- CORNING INC Cmn 219350105 2,148,781 243,626 ------------------------------------------------------------------------------------------------------- CORPORATE EXECUTIVE BRD Cmn 21988R102 310,821 11,918 ------------------------------------------------------------------------------------------------------- COSTCO WHOLESALE CORP Cmn 22160K105 3,434,278 96,577 ------------------------------------------------------------------------------------------------------- COUNTRYWIDE CREDIT IND Cmn 222372104 1,101,852 25,082 ------------------------------------------------------------------------------------------------------- COX COMMUNICATIONS - CLASS Cmn 224044107 1,102,200 26,400 ------------------------------------------------------------------------------------------------------- COX COMMUNICATIONS 0% CB Cnv Bnd 224044BC0 21,194,640 30,000 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 98,614,661 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- CONSECO INC. X n/a X ---------------------------------------------------------------------------------------------------------------------- CONSECO, INC. 8.796% 04/01 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CONSOLIDATED EDISON INC X n/a X ---------------------------------------------------------------------------------------------------------------------- CONSTELLATION ENERGY GROUP X n/a X ---------------------------------------------------------------------------------------------------------------------- CONTINENTAL AIRLS INC -CL X n/a X ---------------------------------------------------------------------------------------------------------------------- CONVERGYS CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- COOPER INDUSTRIES X n/a X ---------------------------------------------------------------------------------------------------------------------- COOPER TIRE & RUBR CO X n/a X ---------------------------------------------------------------------------------------------------------------------- CORNING INC X n/a X ---------------------------------------------------------------------------------------------------------------------- CORPORATE EXECUTIVE BRD X n/a X ---------------------------------------------------------------------------------------------------------------------- COSTCO WHOLESALE CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- COUNTRYWIDE CREDIT IND X n/a X ---------------------------------------------------------------------------------------------------------------------- COX COMMUNICATIONS - CLASS X n/a X ---------------------------------------------------------------------------------------------------------------------- COX COMMUNICATIONS 0% CB X n/a n/a ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- COX ENTERPRISES 2% CB Cnv Bnd 224050AM6 17,340,180 17,200 ------------------------------------------------------------------------------------------------------- CPN 35.0 STRIKE PUT 01/19 Opt (Put) 131347106 762,000 600 ------------------------------------------------------------------------------------------------------- CPN 40.0 STRIKE PUT 01/19/ Opt (Put) 131347106 1,740,000 1,000 ------------------------------------------------------------------------------------------------------- CRANE CO Cmn 224399105 505,826 23,076 ------------------------------------------------------------------------------------------------------- CREDENCE SYSTEMS CORP Cmn 225302108 267,510 22,200 ------------------------------------------------------------------------------------------------------- CROMPTON CORP Cmn 227116100 249,480 36,000 ------------------------------------------------------------------------------------------------------- CROWN CASTLE INTL 9% 05/15 Corp Bond 228227AC8 1,680,000 2,000 ------------------------------------------------------------------------------------------------------- CROWN CASTLE INTL Cmn 228227104 9,763,443 1,084,827 ------------------------------------------------------------------------------------------------------- CROWN CORK & SEAL IN 8.375 Corp Bond 228255AF2 1,710,000 3,000 ------------------------------------------------------------------------------------------------------- CROWN CORK & SEAL PLC 6.75 Corp Bond 22825LAA8 7,400,000 14,800 ------------------------------------------------------------------------------------------------------- CROWN CORK & SEAL S.A. 6.7 Corp Bond 22825MAA6 750,000 1,500 ------------------------------------------------------------------------------------------------------- CSC HOLDINGS INC 7.625% Corp Bond 126304AN4 6,928,600 7,000 ------------------------------------------------------------------------------------------------------- CSCO 27.5 STRIKE PUT 01/19 Opt (Put) 17275R102 765,000 500 ------------------------------------------------------------------------------------------------------- CSX CORP Cmn 126408103 1,389,087 44,098 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 51,251,126 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- COX ENTERPRISES 2% CB X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CPN 35.0 STRIKE PUT 01/19 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CPN 40.0 STRIKE PUT 01/19/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CRANE CO X n/a X ---------------------------------------------------------------------------------------------------------------------- CREDENCE SYSTEMS CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- CROMPTON CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- CROWN CASTLE INTL 9% 05/15 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CROWN CASTLE INTL X n/a X ---------------------------------------------------------------------------------------------------------------------- CROWN CORK & SEAL IN 8.375 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CROWN CORK & SEAL PLC 6.75 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CROWN CORK & SEAL S.A. 6.7 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CSC HOLDINGS INC 7.625% X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CSCO 27.5 STRIKE PUT 01/19 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CSX CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- CTXS 30.0 STRIKE PUT 12/22 Opt (Put) 177376100 1,090,000 1,000 ------------------------------------------------------------------------------------------------------- CUBIST PHARMACEUTICALS Cmn 229678107 368,663 11,250 ------------------------------------------------------------------------------------------------------- CUM 37.5 STRIKE PUT 03/16/ Opt (Put) 231021106 952,500 1,500 ------------------------------------------------------------------------------------------------------- CUMMINGS INC Cmn 231021106 713,691 21,627 ------------------------------------------------------------------------------------------------------- CUMULUS MEDIA Cmn 231082108 273,135 39,300 ------------------------------------------------------------------------------------------------------- CURAGEN 6.0% CB Cnv Bnd 23126RAC5 3,369,758 4,500 ------------------------------------------------------------------------------------------------------- CV THERAPEUTICS INC Cmn 126667104 907,964 23,365 ------------------------------------------------------------------------------------------------------- CVC 65.0 STRIKE PUT 01/18 Opt (Put) 12686C109 325,000 200 ------------------------------------------------------------------------------------------------------- CVS 40.0 STRIKE PUT 01/19/ Opt (Put) 126650100 232,500 300 ------------------------------------------------------------------------------------------------------- CVS 45.0 STRIKE PUT 01/19/ Opt (Put) 126650100 1,190,000 1,000 ------------------------------------------------------------------------------------------------------- CVS 50.0 STRIKE PUT 01/18/ Opt (Put) 126650100 1,750,000 1,000 ------------------------------------------------------------------------------------------------------- CVS CORP Cmn 126650100 3,069,904 92,467 ------------------------------------------------------------------------------------------------------- CYPRESS 4% CB DUE 2/1/2005 Cnv Bnd 232806AE9 8,100,000 10,000 ------------------------------------------------------------------------------------------------------- CYPRESS SEMICONDUCTOR Cmn 232806109 315,032 21,200 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 22,658,146 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- CTXS 30.0 STRIKE PUT 12/22 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CUBIST PHARMACEUTICALS X n/a X ---------------------------------------------------------------------------------------------------------------------- CUM 37.5 STRIKE PUT 03/16/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CUMMINGS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- CUMULUS MEDIA X n/a X ---------------------------------------------------------------------------------------------------------------------- CURAGEN 6.0% CB X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CV THERAPEUTICS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- CVC 65.0 STRIKE PUT 01/18 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CVS 40.0 STRIKE PUT 01/19/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CVS 45.0 STRIKE PUT 01/19/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CVS 50.0 STRIKE PUT 01/18/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CVS CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- CYPRESS 4% CB DUE 2/1/2005 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- CYPRESS SEMICONDUCTOR X n/a X ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- DANA CORP Cmn 235811106 1,097,491 70,352 ------------------------------------------------------------------------------------------------------- DANA CORPORATION 6.5% 03/0 Corp Bond 235811AK2 2,460,000 3,000 ------------------------------------------------------------------------------------------------------- DANAHER CORP Cmn 235851102 2,288,324 48,502 ------------------------------------------------------------------------------------------------------- DARDEN RESTAURANTS, INC. Cmn 237194105 558,259 21,267 ------------------------------------------------------------------------------------------------------- DEERE & COMPANY Cmn 244199105 2,044,028 54,348 ------------------------------------------------------------------------------------------------------- DELL 20.0 STRIKE PUT 01/19 Opt (Put) 247025109 345,000 1,000 ------------------------------------------------------------------------------------------------------- DELL 30.0 STRIKE PUT 01/19 Opt (Put) 247025109 5,800,000 5,000 ------------------------------------------------------------------------------------------------------- DELL COMPUTER Cmn 247025109 15,915,899 858,926 ------------------------------------------------------------------------------------------------------- DELPHI AUTOMOTIVE SYSTEMS Cmn 247126105 1,183,225 100,700 ------------------------------------------------------------------------------------------------------- DELTA AIRLINES Cmn 247361108 584,944 22,199 ------------------------------------------------------------------------------------------------------- DELUXE CORP Cmn 248019101 440,247 12,746 ------------------------------------------------------------------------------------------------------- DEUTSCHE TELEKOM FIN 8.00% Corp Bond 25156PAB9 15,975,000 15,000 ------------------------------------------------------------------------------------------------------- DEVON ENERGY CORP Cmn 25179M103 2,091,658 60,804 ------------------------------------------------------------------------------------------------------- DEVON FINANCING CORP 6.875 Corp Bond 25179SAA8 14,775,000 15,000 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 65,559,074 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- DANA CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- DANA CORPORATION 6.5% 03/0 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- DANAHER CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- DARDEN RESTAURANTS, INC. X n/a X ---------------------------------------------------------------------------------------------------------------------- DEERE & COMPANY X n/a X ---------------------------------------------------------------------------------------------------------------------- DELL 20.0 STRIKE PUT 01/19 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- DELL 30.0 STRIKE PUT 01/19 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- DELL COMPUTER X n/a X ---------------------------------------------------------------------------------------------------------------------- DELPHI AUTOMOTIVE SYSTEMS X n/a X ---------------------------------------------------------------------------------------------------------------------- DELTA AIRLINES X n/a X ---------------------------------------------------------------------------------------------------------------------- DELUXE CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- DEUTSCHE TELEKOM FIN 8.00% X n/a n/a ---------------------------------------------------------------------------------------------------------------------- DEVON ENERGY CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- DEVON FINANCING CORP 6.875 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- DIAMOND OFFSHORE DRILLING Cmn 25271C102 905,398 35,900 ------------------------------------------------------------------------------------------------------- DIGITAL INSIGHT Cmn 25385P106 185,150 16,100 ------------------------------------------------------------------------------------------------------- DILLARD'S INC - CL A Cmn 254067101 201,435 15,295 ------------------------------------------------------------------------------------------------------- DIME BANCORP INC Cmn 25429Q102 60,749,400 1,545,000 ------------------------------------------------------------------------------------------------------- DIMON, INC. Cmn 254394109 323,725 56,300 ------------------------------------------------------------------------------------------------------- DISCOUNT AUTO PARTS INC Cmn 254642101 2,254,920 163,400 ------------------------------------------------------------------------------------------------------- DISH 25.0 STRIKE PUT 01/19 Opt (Put) 278762109 215,000 500 ------------------------------------------------------------------------------------------------------- DISNEY WALT CO Cmn 254687106 8,147,330 437,558 ------------------------------------------------------------------------------------------------------- DO 30.0 STRIKE PUT 01/19/2 Opt (Put) 25271C102 585,000 1,000 ------------------------------------------------------------------------------------------------------- DOBSON COMMUNICATIONS Cmn 256069105 1,630,104 157,498 ------------------------------------------------------------------------------------------------------- DOLLAR GEN CORP Cmn 256669102 830,571 70,989 ------------------------------------------------------------------------------------------------------- DOLLAR TREE STORES INC Cmn 256747106 384,393 20,349 ------------------------------------------------------------------------------------------------------- DOMINION RES INC VA Cmn 25746U109 9,764,559 164,525 ------------------------------------------------------------------------------------------------------- DONNELLEY R R & SONS CO Cmn 257867101 759,618 28,082 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 86,936,603 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- DIAMOND OFFSHORE DRILLING X n/a X --------------------------------------------------------------------------------------------------------------------- DIGITAL INSIGHT X n/a X --------------------------------------------------------------------------------------------------------------------- DILLARD'S INC - CL A X n/a X --------------------------------------------------------------------------------------------------------------------- DIME BANCORP INC X n/a X --------------------------------------------------------------------------------------------------------------------- DIMON, INC. X n/a X --------------------------------------------------------------------------------------------------------------------- DISCOUNT AUTO PARTS INC X n/a X --------------------------------------------------------------------------------------------------------------------- DISH 25.0 STRIKE PUT 01/19 X n/a n/a --------------------------------------------------------------------------------------------------------------------- DISNEY WALT CO X n/a X --------------------------------------------------------------------------------------------------------------------- DO 30.0 STRIKE PUT 01/19/2 X n/a n/a --------------------------------------------------------------------------------------------------------------------- DOBSON COMMUNICATIONS X n/a X --------------------------------------------------------------------------------------------------------------------- DOLLAR GEN CORP X n/a X --------------------------------------------------------------------------------------------------------------------- DOLLAR TREE STORES INC X n/a X --------------------------------------------------------------------------------------------------------------------- DOMINION RES INC VA X n/a X --------------------------------------------------------------------------------------------------------------------- DONNELLEY R R & SONS CO X n/a X --------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ---------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- DOVER CORP Cmn 260003108 2,170,961 72,101 ------------------------------------------------------------------------------------------------------- DOW CHEMICAL COMPANY Cmn 260543103 7,234,456 220,832 ------------------------------------------------------------------------------------------------------- DOW JONES & CO INC Cmn 260561105 1,242,783 27,356 ------------------------------------------------------------------------------------------------------- DOX 35.0 STRIKE PUT 01/18 Opt (Put) G02602103 2,390,000 2,000 ------------------------------------------------------------------------------------------------------- DOX 50.0 STRIKE PUT 01/18 Opt (Put) G02602103 13,062,200 5,420 ------------------------------------------------------------------------------------------------------- DOX 60.0 STRIKE PUT 01/18/ Opt (Put) G02602103 5,025,000 1,500 ------------------------------------------------------------------------------------------------------- DTE ENERGY CO Cmn 233331107 1,275,399 29,626 ------------------------------------------------------------------------------------------------------- DTEG 18.150 STRIKE 02/01/2 Wt 73936C117 1,136,307 34,824 ------------------------------------------------------------------------------------------------------- DU PONT DE NEMOURS & CO. Cmn 263534109 7,982,755 212,760 ------------------------------------------------------------------------------------------------------- DUKE ENERGY Cmn 264399106 6,805,581 179,804 ------------------------------------------------------------------------------------------------------- DYNEGY INC Cmn 26816Q101 3,560,218 102,748 ------------------------------------------------------------------------------------------------------- E CHICAGO IND SOL WASTE Corp Bond 271655AA0 1,950,000 600 ------------------------------------------------------------------------------------------------------- E*TRADE 6% 2/1/07 Cnv Bnd 269246AB0 5,718,715 9,231 ------------------------------------------------------------------------------------------------------- EASTMAN CHEMICAL CO Cmn 277432100 601,527 16,571 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 60,155,904 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- DOVER CORP X n/a X --------------------------------------------------------------------------------------------------------------------- DOW CHEMICAL COMPANY X n/a X --------------------------------------------------------------------------------------------------------------------- DOW JONES & CO INC X n/a X --------------------------------------------------------------------------------------------------------------------- DOX 35.0 STRIKE PUT 01/18 X n/a n/a --------------------------------------------------------------------------------------------------------------------- DOX 50.0 STRIKE PUT 01/18 X n/a n/a --------------------------------------------------------------------------------------------------------------------- DOX 60.0 STRIKE PUT 01/18/ X n/a n/a --------------------------------------------------------------------------------------------------------------------- DTE ENERGY CO X n/a X --------------------------------------------------------------------------------------------------------------------- DTEG 18.150 STRIKE 02/01/2 X n/a n/a --------------------------------------------------------------------------------------------------------------------- DU PONT DE NEMOURS & CO. X n/a X --------------------------------------------------------------------------------------------------------------------- DUKE ENERGY X n/a X --------------------------------------------------------------------------------------------------------------------- DYNEGY INC X n/a X --------------------------------------------------------------------------------------------------------------------- E CHICAGO IND SOL WASTE X n/a n/a --------------------------------------------------------------------------------------------------------------------- E*TRADE 6% 2/1/07 X n/a n/a --------------------------------------------------------------------------------------------------------------------- EASTMAN CHEMICAL CO X n/a X --------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ---------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- EASTMAN KODAK Cmn 277461109 3,122,847 95,999 ------------------------------------------------------------------------------------------------------- EASYLINK SERVICES CORP Cnv Bnd 560311AC6 435,000 4,350 ------------------------------------------------------------------------------------------------------- EATON CORP Cmn 278058102 1,074,129 18,141 ------------------------------------------------------------------------------------------------------- EBAY 40.0 STRIKE PUT 01/18 Opt (Put) 278642103 540,000 500 ------------------------------------------------------------------------------------------------------- EBAY 50.0 STRIKE PUT 01/18 Opt (Put) 278642103 1,620,000 1,000 ------------------------------------------------------------------------------------------------------- ECHOSTAR 10.375% DUE 10/1 Corp Bond 27876MAB1 2,020,000 2,000 ------------------------------------------------------------------------------------------------------- ECHOSTAR COMMUNICATIONS Cmn 278762109 3,471,768 149,195 ------------------------------------------------------------------------------------------------------- ECLIPSYS CORP Cmn 278856109 466,817 35,099 ------------------------------------------------------------------------------------------------------- ECOLAB INC Cmn 278865100 832,793 22,923 ------------------------------------------------------------------------------------------------------- EDISON INTERNATIIONAL Cmn 281020107 920,516 69,948 ------------------------------------------------------------------------------------------------------- EDISON INTERNATIONAL Corp Bond 84240AQK0 2,520,000 3,000 ------------------------------------------------------------------------------------------------------- EDISON SCHOOLS INC Cmn 281033100 239,260 15,845 ------------------------------------------------------------------------------------------------------- EDS 60.0 STRIKE PUT 01/18 Opt (Put) 285661104 3,672,500 3,250 ------------------------------------------------------------------------------------------------------- EL PASO CORP Cmn 28336L109 5,611,452 135,053 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 26,547,080 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- EASTMAN KODAK X n/a X --------------------------------------------------------------------------------------------------------------------- EASYLINK SERVICES CORP X n/a n/a --------------------------------------------------------------------------------------------------------------------- EATON CORP X n/a X --------------------------------------------------------------------------------------------------------------------- EBAY 40.0 STRIKE PUT 01/18 X n/a n/a --------------------------------------------------------------------------------------------------------------------- EBAY 50.0 STRIKE PUT 01/18 X n/a n/a --------------------------------------------------------------------------------------------------------------------- ECHOSTAR 10.375% DUE 10/1 X n/a n/a --------------------------------------------------------------------------------------------------------------------- ECHOSTAR COMMUNICATIONS X n/a X --------------------------------------------------------------------------------------------------------------------- ECLIPSYS CORP X n/a X --------------------------------------------------------------------------------------------------------------------- ECOLAB INC X n/a X --------------------------------------------------------------------------------------------------------------------- EDISON INTERNATIIONAL X n/a X --------------------------------------------------------------------------------------------------------------------- EDISON INTERNATIONAL X n/a n/a --------------------------------------------------------------------------------------------------------------------- EDISON SCHOOLS INC X n/a X --------------------------------------------------------------------------------------------------------------------- EDS 60.0 STRIKE PUT 01/18 X n/a n/a --------------------------------------------------------------------------------------------------------------------- EL PASO CORP X n/a X --------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ---------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- ELAN CORP 0% OID Cnv Bnd 284129AC7 215,523,448 287,172 ------------------------------------------------------------------------------------------------------- ELANTEC SEMICONDUCTOR INC Cmn 284155108 487,229 21,230 ------------------------------------------------------------------------------------------------------- ELECTRONIC ARTS INC Cmn 285512109 1,061,782 23,249 ------------------------------------------------------------------------------------------------------- ELECTRONIC DATA SYSTEMS 7 Perc 285661203 6,536,600 128,800 ------------------------------------------------------------------------------------------------------- ELECTRONIC DATA SYSTEMS Cmn 285661104 5,120,992 88,937 ------------------------------------------------------------------------------------------------------- ELECTRONICS BOUTIQUE HLDGS Cmn 286045109 638,715 23,700 ------------------------------------------------------------------------------------------------------- ELI LILLY Cmn 532457108 20,555,178 254,711 ------------------------------------------------------------------------------------------------------- EMC 25.0 STRIKE PUT 01/18/ Opt (Put) 268648102 2,740,000 2,000 ------------------------------------------------------------------------------------------------------- EMC CORPORATION Cmn 268648102 7,252,476 617,232 ------------------------------------------------------------------------------------------------------- EMCORE CORP Cmn 290846104 317,062 37,040 ------------------------------------------------------------------------------------------------------- EMERSON ELECTRIC Cmn 291011104 5,463,007 116,086 ------------------------------------------------------------------------------------------------------- EMMIS BROADCASTING CP Cmn 291525103 528,940 36,681 ------------------------------------------------------------------------------------------------------- ENAMELON INC Cmn 292499100 449 21,404 ------------------------------------------------------------------------------------------------------- ENE 40.0 STRIKE PUT 01/19/ Opt (Put) 293561106 2,640,000 2,000 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 268,865,878 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- ELAN CORP 0% OID X n/a n/a ---------------------------------------------------------------------------------------------------------------------- ELANTEC SEMICONDUCTOR INC X n/a X ---------------------------------------------------------------------------------------------------------------------- ELECTRONIC ARTS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- ELECTRONIC DATA SYSTEMS 7 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- ELECTRONIC DATA SYSTEMS X n/a X ---------------------------------------------------------------------------------------------------------------------- ELECTRONICS BOUTIQUE HLDGS X n/a X ---------------------------------------------------------------------------------------------------------------------- ELI LILLY X n/a X ---------------------------------------------------------------------------------------------------------------------- EMC 25.0 STRIKE PUT 01/18/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- EMC CORPORATION X n/a X ---------------------------------------------------------------------------------------------------------------------- EMCORE CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- EMERSON ELECTRIC X n/a X ---------------------------------------------------------------------------------------------------------------------- EMMIS BROADCASTING CP X n/a X ---------------------------------------------------------------------------------------------------------------------- ENAMELON INC X n/a X ---------------------------------------------------------------------------------------------------------------------- ENE 40.0 STRIKE PUT 01/19/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- ENE 50.0 STRIKE PUT 01/18/ Opt (Put) 293561106 2,772,000 1,200 ------------------------------------------------------------------------------------------------------- ENERGEN CORP Cmn 29265N108 225,000 10,000 ------------------------------------------------------------------------------------------------------- ENGELHARD CORP Cmn 292845104 543,566 23,531 ------------------------------------------------------------------------------------------------------- ENRON CORP. Cmn 293561106 13,587,144 498,977 ------------------------------------------------------------------------------------------------------- ENTERGY CORP NEW Cmn 29364G103 1,684,619 47,374 ------------------------------------------------------------------------------------------------------- ENZON Cmn 293904108 520,200 10,200 ------------------------------------------------------------------------------------------------------- EOG RESOURCES INC Cmn 26875P101 604,406 20,892 ------------------------------------------------------------------------------------------------------- EQUIFAX INC Cmn 294429105 1,087,729 49,668 ------------------------------------------------------------------------------------------------------- ESPEED INC Cmn 296643109 153,118 17,620 ------------------------------------------------------------------------------------------------------- ESTEE-LAUDER COMPANIES Cmn 518439104 1,572,769 47,444 ------------------------------------------------------------------------------------------------------- ETHAN ALLEN INTERIORS INC Cmn 297602104 558,250 20,300 ------------------------------------------------------------------------------------------------------- ETOYS INC Cmn 297862104 7,091 1,181,865 ------------------------------------------------------------------------------------------------------- EXELON CORP Cmn 30161N101 2,691,030 60,337 ------------------------------------------------------------------------------------------------------- EXIDE TECHNOLOGIES Cmn 302051107 620,156 164,935 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 26,627,077 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- ENE 50.0 STRIKE PUT 01/18/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- ENERGEN CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- ENGELHARD CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- ENRON CORP. X n/a X ---------------------------------------------------------------------------------------------------------------------- ENTERGY CORP NEW X n/a X ---------------------------------------------------------------------------------------------------------------------- ENZON X n/a X ---------------------------------------------------------------------------------------------------------------------- EOG RESOURCES INC X n/a X ---------------------------------------------------------------------------------------------------------------------- EQUIFAX INC X n/a X ---------------------------------------------------------------------------------------------------------------------- ESPEED INC X n/a X ---------------------------------------------------------------------------------------------------------------------- ESTEE-LAUDER COMPANIES X n/a X ---------------------------------------------------------------------------------------------------------------------- ETHAN ALLEN INTERIORS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- ETOYS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- EXELON CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- EXIDE TECHNOLOGIES X n/a X ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- EXODUS 5.25% CB DUE 2/15/2 Cnv Bnd 302088AP4 211,800 10,590 ------------------------------------------------------------------------------------------------------- EXODUS COMMUNICATION 11.62 Corp Bond 302088AL3 440,000 4,000 ------------------------------------------------------------------------------------------------------- EXODUS COMMUNICATIONS INC Cmn 302088109 40,287 236,981 ------------------------------------------------------------------------------------------------------- EXPEDITORS INTL WASH INC Cmn 302130109 755,801 15,962 ------------------------------------------------------------------------------------------------------- EXTREME NETWORKS INC Cmn 30226D106 163,470 23,657 ------------------------------------------------------------------------------------------------------- EXXON MOBIL CORP Cmn 30231G102 57,240,556 1,452,806 ------------------------------------------------------------------------------------------------------- F5 NETWORKS INC Cmn 315616102 322,517 34,754 ------------------------------------------------------------------------------------------------------- FAMILY DOLLAR STORES Cmn 307000109 1,011,663 36,761 ------------------------------------------------------------------------------------------------------- FANNIE MAE Cmn 313586109 16,811,719 209,989 ------------------------------------------------------------------------------------------------------- FEDERAL HOME LN MTG CORP Cmn 313400301 9,310,990 143,246 ------------------------------------------------------------------------------------------------------- FEDERAL MOGUL Cmn 313549107 90,220 138,800 ------------------------------------------------------------------------------------------------------- FEDERAL-MOGUL CORPOR 7.37 Corp Bond 313549AQ0 960,310 14,774 ------------------------------------------------------------------------------------------------------- FEDERAL-MOGUL CORPOR 7.75% Corp Bond 313549AL1 650,000 10,000 ------------------------------------------------------------------------------------------------------- FEDERAL-MOGUL CORPOR 7.875 Corp Bond 313549AM9 455,000 7,000 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 88,464,333 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- EXODUS 5.25% CB DUE 2/15/2 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- EXODUS COMMUNICATION 11.62 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- EXODUS COMMUNICATIONS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- EXPEDITORS INTL WASH INC X n/a X ---------------------------------------------------------------------------------------------------------------------- EXTREME NETWORKS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- EXXON MOBIL CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- F5 NETWORKS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- FAMILY DOLLAR STORES X n/a X ---------------------------------------------------------------------------------------------------------------------- FANNIE MAE X n/a X ---------------------------------------------------------------------------------------------------------------------- FEDERAL HOME LN MTG CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- FEDERAL MOGUL X n/a X ---------------------------------------------------------------------------------------------------------------------- FEDERAL-MOGUL CORPOR 7.37 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- FEDERAL-MOGUL CORPOR 7.75% X n/a n/a ---------------------------------------------------------------------------------------------------------------------- FEDERAL-MOGUL CORPOR 7.875 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- FEDERATED DEPT STORES Cmn 31410H101 1,195,962 42,410 ------------------------------------------------------------------------------------------------------- FEDEX CORPORATION Cmn 31428X106 3,085,714 83,965 ------------------------------------------------------------------------------------------------------- FEI CO Cmn 30241L109 564,739 25,965 ------------------------------------------------------------------------------------------------------- FIDELITY NATIONAL FINANCIAL Cmn 316326107 390,981 14,540 ------------------------------------------------------------------------------------------------------- FIFTH THIRD BANCORP Cmn 316773100 6,959,167 113,194 ------------------------------------------------------------------------------------------------------- FINOVA GROUP INC Cmn 317928109 496,608 443,400 ------------------------------------------------------------------------------------------------------- FIRST DATA CORP. Cmn 319963104 4,105,058 70,461 ------------------------------------------------------------------------------------------------------- FIRST TENNESSEE NATL CORP Cmn 337162101 207,200 5,600 ------------------------------------------------------------------------------------------------------- FIRSTENERGY CORP Cmn 337932107 1,449,540 40,321 ------------------------------------------------------------------------------------------------------- FISERV INC Cmn 337738108 1,147,136 33,542 ------------------------------------------------------------------------------------------------------- FLAG TELECOM HLDGS LTD Cmn G3529L102 17,466 12,300 ------------------------------------------------------------------------------------------------------- FLC 9.5 STRIKE 05/01/2009 Wt 74912E123 1,786,133 8,520 ------------------------------------------------------------------------------------------------------- FLEET BOSTON FINANCIAL Cmn 339030108 8,224,760 223,803 ------------------------------------------------------------------------------------------------------- FLUOR CORP (NEW) Cmn 343412102 656,348 17,048 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 30,286,811 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- FEDERATED DEPT STORES X n/a X --------------------------------------------------------------------------------------------------------------------- FEDEX CORPORATION X n/a X --------------------------------------------------------------------------------------------------------------------- FEI CO X n/a X --------------------------------------------------------------------------------------------------------------------- FIDELITY NATIONAL FINANCIAL X n/a X --------------------------------------------------------------------------------------------------------------------- FIFTH THIRD BANCORP X n/a X --------------------------------------------------------------------------------------------------------------------- FINOVA GROUP INC X n/a X --------------------------------------------------------------------------------------------------------------------- FIRST DATA CORP. X n/a X --------------------------------------------------------------------------------------------------------------------- FIRST TENNESSEE NATL CORP X n/a X --------------------------------------------------------------------------------------------------------------------- FIRSTENERGY CORP X n/a X --------------------------------------------------------------------------------------------------------------------- FISERV INC X n/a X --------------------------------------------------------------------------------------------------------------------- FLAG TELECOM HLDGS LTD X n/a X --------------------------------------------------------------------------------------------------------------------- FLC 9.5 STRIKE 05/01/2009 X n/a n/a --------------------------------------------------------------------------------------------------------------------- FLEET BOSTON FINANCIAL X n/a X --------------------------------------------------------------------------------------------------------------------- FLUOR CORP (NEW) X n/a X --------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ---------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------ Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------ FMC CORP Cmn 302491303 1,591,342 32,483 ------------------------------------------------------------------------------------------------------ FOCAL COMMUNICATIONS 0% 02 Corp Bond 344155AC0 2,037,750 13,585 ------------------------------------------------------------------------------------------------------ FOCAL COMMUNICATIONS 11.87 Corp Bond 344155AE6 220,000 1,000 ------------------------------------------------------------------------------------------------------ FOCAL COMMUNICATIONS Cmn 344155106 108,025 372,500 ------------------------------------------------------------------------------------------------------ FORD MOTOR COMPANY Cmn 345370860 6,470,214 372,923 ------------------------------------------------------------------------------------------------------ FOREST LABORATORIES -CL A Cmn 345838106 3,549,721 49,206 ------------------------------------------------------------------------------------------------------ FOREST OIL CORP Cmn 346091705 688,200 27,750 ------------------------------------------------------------------------------------------------------ FORT JAMES CORPORATI 6.875 Corp Bond 347471AR5 6,790,000 7,000 ------------------------------------------------------------------------------------------------------ FORTUNE BRANDS INC. Cmn 349631101 1,047,110 31,257 ------------------------------------------------------------------------------------------------------ FOSTER WHEELER LTD 6.75% 1 Corp Bond 350244AA7 3,744,000 4,800 ------------------------------------------------------------------------------------------------------ FOUR SEASONS HOTEL INC - Cmn 3.51E+108 258,543 6,900 ------------------------------------------------------------------------------------------------------ FOX ENTERTAINMENT GROUP Cmn 35138T107 658,950 34,500 ------------------------------------------------------------------------------------------------------ FPL GROUP INC Cmn 302571104 1,996,987 37,292 ------------------------------------------------------------------------------------------------------ FRANCE TELECOM 7.75% DUE 3 Corp Bond 35177PAB3 5,300,000 5,000 ------------------------------------------------------------------------------------------------------ COLUMN TOTALS 34,460,841 ------------------------------------------------------------------------------------------------------ ----------------------------- (SEC USE ONLY) ----------------------------- ----------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ----------------------------------------------------------------------------------------------------------------------- FMC CORP X n/a X ----------------------------------------------------------------------------------------------------------------------- FOCAL COMMUNICATIONS 0% 02 X n/a n/a ----------------------------------------------------------------------------------------------------------------------- FOCAL COMMUNICATIONS 11.87 X n/a n/a ----------------------------------------------------------------------------------------------------------------------- FOCAL COMMUNICATIONS X n/a X ----------------------------------------------------------------------------------------------------------------------- FORD MOTOR COMPANY X n/a X ----------------------------------------------------------------------------------------------------------------------- FOREST LABORATORIES -CL A X n/a X ----------------------------------------------------------------------------------------------------------------------- FOREST OIL CORP X n/a X ----------------------------------------------------------------------------------------------------------------------- FORT JAMES CORPORATI 6.875 X n/a n/a ----------------------------------------------------------------------------------------------------------------------- FORTUNE BRANDS INC. X n/a X ----------------------------------------------------------------------------------------------------------------------- FOSTER WHEELER LTD 6.75% 1 X n/a n/a ----------------------------------------------------------------------------------------------------------------------- FOUR SEASONS HOTEL INC - X n/a X ----------------------------------------------------------------------------------------------------------------------- FOX ENTERTAINMENT GROUP X n/a X ----------------------------------------------------------------------------------------------------------------------- FPL GROUP INC X n/a X ----------------------------------------------------------------------------------------------------------------------- FRANCE TELECOM 7.75% DUE 3 X n/a n/a ----------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS -----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- FRANKLIN RESOURCES INC Cmn 354613101 4,035,449 116,396 ------------------------------------------------------------------------------------------------------- FREDS INC Cmn 356108100 1,365,020 52,100 ------------------------------------------------------------------------------------------------------- FREEMARKETS INC Cmn 356602102 383,070 36,207 ------------------------------------------------------------------------------------------------------- FREEPORT-MCMORAN COPPER Cmn 35671D857 317,886 28,925 ------------------------------------------------------------------------------------------------------- GANNETT INC Cmn 364730101 2,860,034 47,580 ------------------------------------------------------------------------------------------------------- GAP INC Cmn 364760108 2,562,797 214,460 ------------------------------------------------------------------------------------------------------- GATEWAY INC Cmn 367626108 378,126 69,381 ------------------------------------------------------------------------------------------------------- GATX CORPORATION 7.75% 12/ Corp Bond 361446AC1 1,600,000 2,000 ------------------------------------------------------------------------------------------------------- GATX CORPORATION Cmn 361448103 1,510,436 44,900 ------------------------------------------------------------------------------------------------------- GE 40.0 STRIKE PUT 01/19/2 Opt (Put) 369604103 1,225,000 2,500 ------------------------------------------------------------------------------------------------------- GE 46.625 STRIKE PUT 01/19 Opt (Put) 369604103 6,030,000 6,000 ------------------------------------------------------------------------------------------------------- GE 50 STRIKE PUT 01/19/200 Opt (Put) 369604103 5,888,000 4,600 ------------------------------------------------------------------------------------------------------- GENERAL DYNAMICS CORP Cmn 369550108 3,314,650 37,530 ------------------------------------------------------------------------------------------------------- GENERAL ELECTRIC CORP Cmn 369604103 111,955,148 3,009,547 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 143,425,616 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- FRANKLIN RESOURCES INC X n/a X --------------------------------------------------------------------------------------------------------------------- FREDS INC X n/a X --------------------------------------------------------------------------------------------------------------------- FREEMARKETS INC X n/a X --------------------------------------------------------------------------------------------------------------------- FREEPORT-MCMORAN COPPER X n/a X --------------------------------------------------------------------------------------------------------------------- GANNETT INC X n/a X --------------------------------------------------------------------------------------------------------------------- GAP INC X n/a X --------------------------------------------------------------------------------------------------------------------- GATEWAY INC X n/a X --------------------------------------------------------------------------------------------------------------------- GATX CORPORATION 7.75% 12/ X n/a n/a --------------------------------------------------------------------------------------------------------------------- GATX CORPORATION X n/a X --------------------------------------------------------------------------------------------------------------------- GE 40.0 STRIKE PUT 01/19/2 X n/a n/a --------------------------------------------------------------------------------------------------------------------- GE 46.625 STRIKE PUT 01/19 X n/a n/a --------------------------------------------------------------------------------------------------------------------- GE 50 STRIKE PUT 01/19/200 X n/a n/a --------------------------------------------------------------------------------------------------------------------- GENERAL DYNAMICS CORP X n/a X --------------------------------------------------------------------------------------------------------------------- GENERAL ELECTRIC CORP X n/a X --------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ---------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- GENERAL MAGIC INC Cmn 370253106 885,762 3,163,436 ------------------------------------------------------------------------------------------------------- GENERAL MLS INC Cmn 370334104 2,939,118 64,596 ------------------------------------------------------------------------------------------------------- GENERAL MOTORS Cmn 370442105 5,911,491 137,797 ------------------------------------------------------------------------------------------------------- GENERAL PUBLIC UTILITIES Cmn 36255X100 1,036,808 25,689 ------------------------------------------------------------------------------------------------------- GENESCO INC Cmn 371532102 316,875 19,500 ------------------------------------------------------------------------------------------------------- GENESIS MICROCHIP INC Cmn 371933102 785,190 27,903 ------------------------------------------------------------------------------------------------------- GENUINE PARTS CO Cmn 372460105 1,009,389 31,682 ------------------------------------------------------------------------------------------------------- GENZYME CORP- GENL DIVIS Cmn 372917104 939,876 20,693 ------------------------------------------------------------------------------------------------------- GEORGIA GULF CORP Cmn 373200203 457,995 28,500 ------------------------------------------------------------------------------------------------------- GEORGIA PACIFIC TIMBER Cmn 373298702 13,220,300 365,000 ------------------------------------------------------------------------------------------------------- GEORGIA-PACIFIC CORP Cmn 373298108 2,098,618 72,894 ------------------------------------------------------------------------------------------------------- GILAT SATELLITE NETWORKS, Cmn M51474100 767,550 146,200 ------------------------------------------------------------------------------------------------------- GILLETTE CO Cmn 375766102 6,315,842 211,941 ------------------------------------------------------------------------------------------------------- GLOBAL CROSSING 10.50% PFD Pfd 37931K309 510,000 30,000 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 37,194,814 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- GENERAL MAGIC INC X n/a X --------------------------------------------------------------------------------------------------------------------- GENERAL MLS INC X n/a X --------------------------------------------------------------------------------------------------------------------- GENERAL MOTORS X n/a X --------------------------------------------------------------------------------------------------------------------- GENERAL PUBLIC UTILITIES X n/a X --------------------------------------------------------------------------------------------------------------------- GENESCO INC X n/a X --------------------------------------------------------------------------------------------------------------------- GENESIS MICROCHIP INC X n/a X --------------------------------------------------------------------------------------------------------------------- GENUINE PARTS CO X n/a X --------------------------------------------------------------------------------------------------------------------- GENZYME CORP- GENL DIVIS X n/a X --------------------------------------------------------------------------------------------------------------------- GEORGIA GULF CORP X n/a X --------------------------------------------------------------------------------------------------------------------- GEORGIA PACIFIC TIMBER X n/a X --------------------------------------------------------------------------------------------------------------------- GEORGIA-PACIFIC CORP X n/a X --------------------------------------------------------------------------------------------------------------------- GILAT SATELLITE NETWORKS, X n/a X --------------------------------------------------------------------------------------------------------------------- GILLETTE CO X n/a X --------------------------------------------------------------------------------------------------------------------- GLOBAL CROSSING 10.50% PFD X n/a n/a --------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ---------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- GLOBAL CROSSING 7% PERP. P Cnv Bnd G3921A142 979,099 24,000 ------------------------------------------------------------------------------------------------------- GLOBAL CROSSING LTD Cmn G3921A100 4,415,065 2,452,814 ------------------------------------------------------------------------------------------------------- GLOBAL MARINE 0% CB 6/23/2 Cnv Bnd 379352AN7 5,584,994 11,672 ------------------------------------------------------------------------------------------------------- GLOBALSANTAFE CORP Cmn G3930E101 473,875 22,300 ------------------------------------------------------------------------------------------------------- GLOBALSTAR LP 10.75% Corp Bond 379363AP9 560,000 16,000 ------------------------------------------------------------------------------------------------------- GLOBESPAN VIRATA INC Cmn 379571102 338,051 37,395 ------------------------------------------------------------------------------------------------------- GMAC 6.75% DUE 1/15/2006 Corp Bond 370425RT9 5,125,000 5,000 ------------------------------------------------------------------------------------------------------- GOLDEN STATE BANCORP Cmn 381197102 215,840 7,100 ------------------------------------------------------------------------------------------------------- GOLDEN WEST FINL CORP Cmn 381317106 1,655,153 28,488 ------------------------------------------------------------------------------------------------------- GOLDMAN SACHS GROUP INC Cmn 38141G104 3,025,240 42,400 ------------------------------------------------------------------------------------------------------- GOODRICH (B.F.) CO. Cmn 382388106 378,360 19,423 ------------------------------------------------------------------------------------------------------- GOODYEAR TIRE & RUBB 8.5% Corp Bond 382550AG6 10,920,000 10,500 ------------------------------------------------------------------------------------------------------- GOODYEAR TIRE Cmn 382550101 2,191,806 118,926 ------------------------------------------------------------------------------------------------------- GRAINGER W W INC Cmn 384802104 663,053 17,067 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 36,525,536 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- GLOBAL CROSSING 7% PERP. P X n/a n/a ---------------------------------------------------------------------------------------------------------------------- GLOBAL CROSSING LTD X n/a X ---------------------------------------------------------------------------------------------------------------------- GLOBAL MARINE 0% CB 6/23/2 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- GLOBALSANTAFE CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- GLOBALSTAR LP 10.75% X n/a n/a ---------------------------------------------------------------------------------------------------------------------- GLOBESPAN VIRATA INC X n/a X ---------------------------------------------------------------------------------------------------------------------- GMAC 6.75% DUE 1/15/2006 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- GOLDEN STATE BANCORP X n/a X ---------------------------------------------------------------------------------------------------------------------- GOLDEN WEST FINL CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- GOLDMAN SACHS GROUP INC X n/a X ---------------------------------------------------------------------------------------------------------------------- GOODRICH (B.F.) CO. X n/a X ---------------------------------------------------------------------------------------------------------------------- GOODYEAR TIRE & RUBB 8.5% X n/a n/a ---------------------------------------------------------------------------------------------------------------------- GOODYEAR TIRE X n/a X ---------------------------------------------------------------------------------------------------------------------- GRAINGER W W INC X n/a X ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------ Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------ GREAT ATLANTIC & PAC TEA Cmn 390064103 303,372 21,200 ------------------------------------------------------------------------------------------------------ GREENPOINT FINANCIAL Cmn 395384100 845,910 24,100 ------------------------------------------------------------------------------------------------------ GREY WOLF INC Cmn 397888108 183,240 101,800 ------------------------------------------------------------------------------------------------------ GS 55.0 STRIKE PUT 01/18/2 Opt (Put) 38141G104 420,000 700 ------------------------------------------------------------------------------------------------------ GS 60.0 STRIKE PUT 01/19/2 Opt (Put) 38141G104 651,000 2,100 ------------------------------------------------------------------------------------------------------ GS 80.0 STRIKE PUT 01/19/2 Opt (Put) 38141G104 1,220,000 1,000 ------------------------------------------------------------------------------------------------------ GUIDANT CORP Cmn 401698105 2,555,977 66,389 ------------------------------------------------------------------------------------------------------ GX 15.0 STRIKE PUT 01/18/2 Opt (Put) G3921A100 1,350,000 1,000 ------------------------------------------------------------------------------------------------------ HALLIBURTON CO Cmn 406216101 1,740,251 77,173 ------------------------------------------------------------------------------------------------------ HANOVER COMPRESSOR Cmn 410768105 690,316 31,900 ------------------------------------------------------------------------------------------------------ HARLEY-DAVIDSON INC Cmn 412822108 3,745,481 92,481 ------------------------------------------------------------------------------------------------------ HARRAH'S ENTERTAINMENT INC Cmn 413619107 569,695 21,092 ------------------------------------------------------------------------------------------------------ HARTFORD FINANCIAL SVCS Cmn 416515104 2,940,231 50,055 ------------------------------------------------------------------------------------------------------ HASBRO 94 Cmn 418056107 1,713,600 122,400 ------------------------------------------------------------------------------------------------------ COLUMN TOTALS 18,929,072 ------------------------------------------------------------------------------------------------------ ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- GREAT ATLANTIC & PAC TEA X n/a X --------------------------------------------------------------------------------------------------------------------- GREENPOINT FINANCIAL X n/a X --------------------------------------------------------------------------------------------------------------------- GREY WOLF INC X n/a X --------------------------------------------------------------------------------------------------------------------- GS 55.0 STRIKE PUT 01/18/2 X n/a n/a --------------------------------------------------------------------------------------------------------------------- GS 60.0 STRIKE PUT 01/19/2 X n/a n/a --------------------------------------------------------------------------------------------------------------------- GS 80.0 STRIKE PUT 01/19/2 X n/a n/a --------------------------------------------------------------------------------------------------------------------- GUIDANT CORP X n/a X --------------------------------------------------------------------------------------------------------------------- GX 15.0 STRIKE PUT 01/18/2 X n/a n/a --------------------------------------------------------------------------------------------------------------------- HALLIBURTON CO X n/a X --------------------------------------------------------------------------------------------------------------------- HANOVER COMPRESSOR X n/a X --------------------------------------------------------------------------------------------------------------------- HARLEY-DAVIDSON INC X n/a X --------------------------------------------------------------------------------------------------------------------- HARRAH'S ENTERTAINMENT INC X n/a X --------------------------------------------------------------------------------------------------------------------- HARTFORD FINANCIAL SVCS X n/a X --------------------------------------------------------------------------------------------------------------------- HASBRO 94 X n/a X --------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ---------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- HASBRO, INC. 5.6% 11/01/20 Corp Bond 418056AJ6 1,700,000 2,000 ------------------------------------------------------------------------------------------------------- HASBRO, INC. 8.5% 03/15/20 Corp Bond 418056AL1 950,000 1,000 ------------------------------------------------------------------------------------------------------- HCA INC CMN STK Cmn 404119109 6,177,523 139,416 ------------------------------------------------------------------------------------------------------- HEALTHSOUTH CORP 8.375% 10 Corp Bond 421924AV3 10,025,000 10,000 ------------------------------------------------------------------------------------------------------- HEALTHSOUTH COR Cmn 421924101 4,105,032 252,462 ------------------------------------------------------------------------------------------------------- HEINZ (H.J.) CO. Cmn 423074103 3,898,116 92,482 ------------------------------------------------------------------------------------------------------- HERCULES INC. Cmn 427056106 190,542 23,096 ------------------------------------------------------------------------------------------------------- HERSHEY FOODS CORP Cmn 427866108 2,287,754 34,997 ------------------------------------------------------------------------------------------------------- HEWLETT PACKARD CO Cmn 428236103 10,092,172 626,843 ------------------------------------------------------------------------------------------------------- HEXCEL CORP. Cmn 428291108 175,200 43,800 ------------------------------------------------------------------------------------------------------- HILTON HOTELS CORP Cmn 432848109 955,110 121,670 ------------------------------------------------------------------------------------------------------- HNC SOFTWARE INC 5.25% CB Cnv Bnd 40425PAB3 1,900,000 2,000 ------------------------------------------------------------------------------------------------------- HOME DEPOT Cmn 437076102 20,103,731 523,944 ------------------------------------------------------------------------------------------------------- HOMESTAKE MINING Cmn 437614100 526,027 56,562 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 63,086,207 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- HASBRO, INC. 5.6% 11/01/20 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- HASBRO, INC. 8.5% 03/15/20 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- HCA INC CMN STK X n/a X ---------------------------------------------------------------------------------------------------------------------- HEALTHSOUTH CORP 8.375% 10 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- HEALTHSOUTH COR X n/a X ---------------------------------------------------------------------------------------------------------------------- HEINZ (H.J.) CO. X n/a X ---------------------------------------------------------------------------------------------------------------------- HERCULES INC. X n/a X ---------------------------------------------------------------------------------------------------------------------- HERSHEY FOODS CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- HEWLETT PACKARD CO X n/a X ---------------------------------------------------------------------------------------------------------------------- HEXCEL CORP. X n/a X ---------------------------------------------------------------------------------------------------------------------- HILTON HOTELS CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- HNC SOFTWARE INC 5.25% CB X n/a n/a ---------------------------------------------------------------------------------------------------------------------- HOME DEPOT X n/a X ---------------------------------------------------------------------------------------------------------------------- HOMESTAKE MINING X n/a X ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- HOMESTORE.COM INC Cmn 437852106 282,660 36,949 ------------------------------------------------------------------------------------------------------- HONEYWELL INTERNATIONAL Cmn 438516106 4,585,310 173,686 ------------------------------------------------------------------------------------------------------- HOT 30.0 STRIKE PUT 02/16/ Opt (Put) 85590A203 905,000 1,000 ------------------------------------------------------------------------------------------------------- HOT TOPIC INC Cmn 58440J104 217,215 8,654 ------------------------------------------------------------------------------------------------------- HOUSEHOLD INTL INC. Cmn 441815107 5,217,969 92,550 ------------------------------------------------------------------------------------------------------- HUMANA INCORPORATED Cmn 444859102 367,336 30,459 ------------------------------------------------------------------------------------------------------- HUNTINGTON BANCSHARES Cmn 446150104 1,142,148 65,982 ------------------------------------------------------------------------------------------------------- HWP 95.0 STRIKE PUT 01/19/ Opt (Put) 428236103 5,530,000 1,000 ------------------------------------------------------------------------------------------------------- IBM 105.0 STRIKE CALL 01/1 Opt (Put) 459200101 1,460,000 4,000 ------------------------------------------------------------------------------------------------------- IBM 105.0 STRIKE PUT 01/19 Opt (Put) 459200101 6,400,000 4,000 ------------------------------------------------------------------------------------------------------- IBM 80.0 STRIKE PUT 01/19/ Opt (Put) 459200101 1,900,000 5,000 ------------------------------------------------------------------------------------------------------- IBM 90.000 STRIKE PUT 01/1 Opt (Put) 459200101 3,600,000 5,000 ------------------------------------------------------------------------------------------------------- IBM Cmn 459200101 69,350,159 751,356 ------------------------------------------------------------------------------------------------------- ICOS CORPORATION Cmn 449295104 931,742 18,934 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 101,889,540 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- HOMESTORE.COM INC X n/a X ---------------------------------------------------------------------------------------------------------------------- HONEYWELL INTERNATIONAL X n/a X ---------------------------------------------------------------------------------------------------------------------- HOT 30.0 STRIKE PUT 02/16/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- HOT TOPIC INC X n/a X ---------------------------------------------------------------------------------------------------------------------- HOUSEHOLD INTL INC. X n/a X ---------------------------------------------------------------------------------------------------------------------- HUMANA INCORPORATED X n/a X ---------------------------------------------------------------------------------------------------------------------- HUNTINGTON BANCSHARES X n/a X ---------------------------------------------------------------------------------------------------------------------- HWP 95.0 STRIKE PUT 01/19/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- IBM 105.0 STRIKE CALL 01/1 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- IBM 105.0 STRIKE PUT 01/19 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- IBM 80.0 STRIKE PUT 01/19/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- IBM 90.000 STRIKE PUT 01/1 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- IBM X n/a X ---------------------------------------------------------------------------------------------------------------------- ICOS CORPORATION X n/a X ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- IDEC PHARM. 0% CB DUE 2/16 Cnv Bnd 449370AC9 69,357,839 34,373 ------------------------------------------------------------------------------------------------------- IDPH 50.0 STRIKE PUT 01/19 Opt (Put) 449370105 805,000 1,000 ------------------------------------------------------------------------------------------------------- IDPH 50.0 STRIKE PUT 04/20 Opt (Put) 449370105 2,030,000 2,000 ------------------------------------------------------------------------------------------------------- IDPH 60.0 STRIKE PUT 01/19 Opt (Put) 449370105 355,000 250 ------------------------------------------------------------------------------------------------------- ILLINOIS TOOL WKS INC Cmn 452308109 4,226,694 78,113 ------------------------------------------------------------------------------------------------------- ILLUMINET HLDGS INC Cmn 452334105 19,160,000 500,000 ------------------------------------------------------------------------------------------------------- IMC FERTILIZER GROUP 6.5% Corp Bond 449669CC2 1,935,750 2,175 ------------------------------------------------------------------------------------------------------- IMC FERTILIZER GROUP 7.625 Corp Bond 449669CG3 1,720,000 2,000 ------------------------------------------------------------------------------------------------------- IMCL 40.0 STRIKE PUT 01/18 Opt (Put) 45245W109 740,000 1,000 ------------------------------------------------------------------------------------------------------- IMCLONE SYSTEMS INC Cmn 45245W109 1,919,816 33,949 ------------------------------------------------------------------------------------------------------- IMMUNEX CORP Cmn 452528102 1,795,148 96,100 ------------------------------------------------------------------------------------------------------- IMS HEALTH INC Cmn 449934108 2,068,880 82,590 ------------------------------------------------------------------------------------------------------- INCO LTD. Cmn 453258402 1,013,165 81,641 ------------------------------------------------------------------------------------------------------- INFOCUS CORP Cmn 45665B106 150,923 11,565 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 107,278,215 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------ --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- IDEC PHARM. 0% CB DUE 2/16 X n/a n/a --------------------------------------------------------------------------------------------------------------------- IDPH 50.0 STRIKE PUT 01/19 X n/a n/a --------------------------------------------------------------------------------------------------------------------- IDPH 50.0 STRIKE PUT 04/20 X n/a n/a --------------------------------------------------------------------------------------------------------------------- IDPH 60.0 STRIKE PUT 01/19 X n/a n/a --------------------------------------------------------------------------------------------------------------------- ILLINOIS TOOL WKS INC X n/a X --------------------------------------------------------------------------------------------------------------------- ILLUMINET HLDGS INC X n/a X --------------------------------------------------------------------------------------------------------------------- IMC FERTILIZER GROUP 6.5% X n/a n/a --------------------------------------------------------------------------------------------------------------------- IMC FERTILIZER GROUP 7.625 X n/a n/a --------------------------------------------------------------------------------------------------------------------- IMCL 40.0 STRIKE PUT 01/18 X n/a n/a --------------------------------------------------------------------------------------------------------------------- IMCLONE SYSTEMS INC X n/a X --------------------------------------------------------------------------------------------------------------------- IMMUNEX CORP X n/a X --------------------------------------------------------------------------------------------------------------------- IMS HEALTH INC X n/a X --------------------------------------------------------------------------------------------------------------------- INCO LTD. X n/a X --------------------------------------------------------------------------------------------------------------------- INFOCUS CORP X n/a X --------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ---------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- INGERSOLL RAND CO Cmn 456866102 1,022,112 30,240 ------------------------------------------------------------------------------------------------------- INSIGHT COMMUNICATIONS Cmn 45768V108 1,462,506 79,484 ------------------------------------------------------------------------------------------------------- INTEGRA LIFESCIENCES Cmn 457985208 214,359 7,761 ------------------------------------------------------------------------------------------------------- INTEGRATED CIRCUIT SYSTEMS Cmn 45811K208 318,605 24,930 ------------------------------------------------------------------------------------------------------- INTEGRATED DEVICE TECH INC Cmn 458118106 740,094 36,784 ------------------------------------------------------------------------------------------------------- INTEL Cmn 458140100 28,917,367 1,414,744 ------------------------------------------------------------------------------------------------------- INTEREPUBLIC GRP OF COS Cmn 460690100 2,536,577 124,342 ------------------------------------------------------------------------------------------------------- INTERMEDIA COMM FLA 8.875 Corp Bond 458801AS6 2,030,000 2,000 ------------------------------------------------------------------------------------------------------- INTERNATIONAL GAME TECH Cmn 459902102 563,423 13,257 ------------------------------------------------------------------------------------------------------- INTERNATIONAL MULTIFOODS Cmn 460043102 7,437,540 389,400 ------------------------------------------------------------------------------------------------------- INTERNATIONAL PAPER CO. Cmn 460146103 4,376,030 125,748 ------------------------------------------------------------------------------------------------------- INTERNATIONAL RECTIFIER Cmn 460254105 786,947 28,900 ------------------------------------------------------------------------------------------------------- INTERNET SECURITY SYSTEMS Cmn 46060X107 95,691 10,504 ------------------------------------------------------------------------------------------------------- INTERSIL CORPORATION Cmn 46069S109 455,878 16,328 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 50,957,129 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ----------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ----------------------------------------------------------------------------------------------------------------------- INGERSOLL RAND CO X n/a X ----------------------------------------------------------------------------------------------------------------------- INSIGHT COMMUNICATIONS X n/a X ----------------------------------------------------------------------------------------------------------------------- INTEGRA LIFESCIENCES X n/a X ----------------------------------------------------------------------------------------------------------------------- INTEGRATED CIRCUIT SYSTEMS X n/a X ----------------------------------------------------------------------------------------------------------------------- INTEGRATED DEVICE TECH INC X n/a X ----------------------------------------------------------------------------------------------------------------------- INTEL X n/a X ----------------------------------------------------------------------------------------------------------------------- INTEREPUBLIC GRP OF COS X n/a X ----------------------------------------------------------------------------------------------------------------------- INTERMEDIA COMM FLA 8.875 X n/a n/a ----------------------------------------------------------------------------------------------------------------------- INTERNATIONAL GAME TECH X n/a X ----------------------------------------------------------------------------------------------------------------------- INTERNATIONAL MULTIFOODS X n/a X ----------------------------------------------------------------------------------------------------------------------- INTERNATIONAL PAPER CO. X n/a X ----------------------------------------------------------------------------------------------------------------------- INTERNATIONAL RECTIFIER X n/a X ----------------------------------------------------------------------------------------------------------------------- INTERNET SECURITY SYSTEMS X n/a X ----------------------------------------------------------------------------------------------------------------------- INTERSIL CORPORATION X n/a X ----------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS -----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- INTL FLAVORS & FRAGRANCES Cmn 459506101 476,628 17,213 ------------------------------------------------------------------------------------------------------- INTUIT INC Cmn 461202103 1,344,791 37,564 ------------------------------------------------------------------------------------------------------- INVITROGEN 5.50% CB DUE 3/ Cnv Bnd 46185RAB6 14,390,987 13,333 ------------------------------------------------------------------------------------------------------- IRF 45.0 STRIKE PUT 01/18/ Opt (Put) 460254105 615,000 300 ------------------------------------------------------------------------------------------------------- IRIDIUM LLC/CAP 10.875% DU Corp Bond 462691AB2 520,000 13,000 ------------------------------------------------------------------------------------------------------- IRIDIUM LLC/CAPITAL CORP 1 Corp Bond 462691AA4 280,000 7,000 ------------------------------------------------------------------------------------------------------- IRIDIUM WORLD COMMUN 14% 0 Corp Bond 46268KAK1 200,000 5,000 ------------------------------------------------------------------------------------------------------- IT GROUP INC. Cmn 465266104 573,760 130,400 ------------------------------------------------------------------------------------------------------- ITC DELTACOM INC CMN STOCK Cmn 45031T104 71,160 59,300 ------------------------------------------------------------------------------------------------------- ITT INDUSTRIES INC CMN STO Cmn 450911102 710,170 15,852 ------------------------------------------------------------------------------------------------------- IVAX CORP 5.5% CB 5/15/07 Cnv Bnd 465823AD4 49,579,563 47,925 ------------------------------------------------------------------------------------------------------- J2 GLOBAL COMMUNICATIONS I Cmn 46626E209 1,932,907 712,724 ------------------------------------------------------------------------------------------------------- JABIL CIRCUIT 1.75% CB DUE Cnv Bnd 466313AA1 42,950,843 50,062 ------------------------------------------------------------------------------------------------------- JABIL CIRCUIT INC CMN STK Cmn 466313103 615,384 34,379 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 114,261,193 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- INTL FLAVORS & FRAGRANCES X n/a X --------------------------------------------------------------------------------------------------------------------- INTUIT INC X n/a X --------------------------------------------------------------------------------------------------------------------- INVITROGEN 5.50% CB DUE 3/ X n/a n/a --------------------------------------------------------------------------------------------------------------------- IRF 45.0 STRIKE PUT 01/18/ X n/a n/a --------------------------------------------------------------------------------------------------------------------- IRIDIUM LLC/CAP 10.875% DU X n/a n/a --------------------------------------------------------------------------------------------------------------------- IRIDIUM LLC/CAPITAL CORP 1 X n/a n/a --------------------------------------------------------------------------------------------------------------------- IRIDIUM WORLD COMMUN 14% 0 X n/a n/a --------------------------------------------------------------------------------------------------------------------- IT GROUP INC. X n/a X --------------------------------------------------------------------------------------------------------------------- ITC DELTACOM INC CMN STOCK X n/a X --------------------------------------------------------------------------------------------------------------------- ITT INDUSTRIES INC CMN STO X n/a X --------------------------------------------------------------------------------------------------------------------- IVAX CORP 5.5% CB 5/15/07 X n/a n/a --------------------------------------------------------------------------------------------------------------------- J2 GLOBAL COMMUNICATIONS I X n/a X --------------------------------------------------------------------------------------------------------------------- JABIL CIRCUIT 1.75% CB DUE X n/a n/a --------------------------------------------------------------------------------------------------------------------- JABIL CIRCUIT INC CMN STK X n/a X --------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ---------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- JACK IN THE BOX INC Cmn 466367109 313,600 11,200 ------------------------------------------------------------------------------------------------------- JBL 17.5 STRIKE CALL 01/18 Opt (Put) 466313103 1,012,500 1,500 ------------------------------------------------------------------------------------------------------- JBL 17.5 STRIKE PUT 01/18/ Opt (Put) 466313103 847,500 1,500 ------------------------------------------------------------------------------------------------------- JBL 20.0 STRIKE PUT 01/18/ Opt (Put) 466313103 2,058,000 2,800 ------------------------------------------------------------------------------------------------------- JBL 20.0 STRIKE PUT 03/16/ Opt (Put) 466313103 1,590,000 3,000 ------------------------------------------------------------------------------------------------------- JBL 25.0 STRIKE PUT 01/18/ Opt (Put) 466313103 1,060,000 1,000 ------------------------------------------------------------------------------------------------------- JBL 25.0 STRIKE PUT 03/16/ Opt (Put) 466313103 830,000 1,000 ------------------------------------------------------------------------------------------------------- JDS UNIPHASE CORPORATION Cmn 46612J101 1,785,141 282,459 ------------------------------------------------------------------------------------------------------- JEFFERSON PILOT CORP Cmn 475070108 1,637,709 36,819 ------------------------------------------------------------------------------------------------------- JNPR 50.0 STRIKE PUT 01/18 Opt (Put) 48203R104 2,012,500 500 ------------------------------------------------------------------------------------------------------- JOHN HANCOCK BANK AND THRI Cmn 409735107 7,362,000 900,000 ------------------------------------------------------------------------------------------------------- JOHN HANCOCK FINL SVCS Cmn 41014S106 2,211,752 55,363 ------------------------------------------------------------------------------------------------------- JOHNSON & JOHNSON Cmn 478160104 36,662,280 661,774 ------------------------------------------------------------------------------------------------------- JOHNSON CTLS INC Cmn 478366107 1,685,475 25,835 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 61,068,457 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- JACK IN THE BOX INC X n/a X ---------------------------------------------------------------------------------------------------------------------- JBL 17.5 STRIKE CALL 01/18 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- JBL 17.5 STRIKE PUT 01/18/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- JBL 20.0 STRIKE PUT 01/18/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- JBL 20.0 STRIKE PUT 03/16/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- JBL 25.0 STRIKE PUT 01/18/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- JBL 25.0 STRIKE PUT 03/16/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- JDS UNIPHASE CORPORATION X n/a X ---------------------------------------------------------------------------------------------------------------------- JEFFERSON PILOT CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- JNPR 50.0 STRIKE PUT 01/18 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- JOHN HANCOCK BANK AND THRI X n/a X ---------------------------------------------------------------------------------------------------------------------- JOHN HANCOCK FINL SVCS X n/a X ---------------------------------------------------------------------------------------------------------------------- JOHNSON & JOHNSON X n/a X ---------------------------------------------------------------------------------------------------------------------- JOHNSON CTLS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- JP MORGAN CHASE & CO Cmn 46625H100 13,842,771 405,352 ------------------------------------------------------------------------------------------------------- JPM 35.0 STRIKE PUT 01/19/ Opt (Put) 46625H100 1,020,000 3,000 ------------------------------------------------------------------------------------------------------- JPM 45.0 STRIKE PUT 01/19/ Opt (Put) 46625H100 1,130,000 1,000 ------------------------------------------------------------------------------------------------------- JPM 50.0 STRIKE PUT 01/18/ Opt (Put) 46625H100 422,500 250 ------------------------------------------------------------------------------------------------------- JUNIPER NETWORKS INC Cmn 48203R104 880,149 90,737 ------------------------------------------------------------------------------------------------------- K MART CORP Cmn 482584109 735,670 105,246 ------------------------------------------------------------------------------------------------------- KADANT INC 4.5% CB DUE 7/1 Cnv Bnd 88355WAA3 1,805,000 2,000 ------------------------------------------------------------------------------------------------------- KADANT INC 4.5% REG S CB D Cnv Bnd U8835NAA8 2,770,675 3,070 ------------------------------------------------------------------------------------------------------- KB HOME COM SHS Cmn 48666K109 225,007 7,920 ------------------------------------------------------------------------------------------------------- KELLOGG CO Cmn 487836108 2,292,720 76,424 ------------------------------------------------------------------------------------------------------- KERR MCGEE CORP Cmn 492386107 930,487 17,925 ------------------------------------------------------------------------------------------------------- KEYCORP Cmn 493267108 2,888,689 119,664 ------------------------------------------------------------------------------------------------------- KEYNOTE SYS INC Cmn 493308100 4,530,360 596,100 ------------------------------------------------------------------------------------------------------- KEYSPAN CORPORATION Cmn 49337W100 820,829 24,694 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 34,294,856 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- JP MORGAN CHASE & CO X n/a X ---------------------------------------------------------------------------------------------------------------------- JPM 35.0 STRIKE PUT 01/19/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- JPM 45.0 STRIKE PUT 01/19/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- JPM 50.0 STRIKE PUT 01/18/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- JUNIPER NETWORKS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- K MART CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- KADANT INC 4.5% CB DUE 7/1 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- KADANT INC 4.5% REG S CB D X n/a n/a ---------------------------------------------------------------------------------------------------------------------- KB HOME COM SHS X n/a X ---------------------------------------------------------------------------------------------------------------------- KELLOGG CO X n/a X ---------------------------------------------------------------------------------------------------------------------- KERR MCGEE CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- KEYCORP X n/a X ---------------------------------------------------------------------------------------------------------------------- KEYNOTE SYS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- KEYSPAN CORPORATION X n/a X ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- KIMBERLY CLARK CORP Cmn 494368103 6,261,442 100,991 ------------------------------------------------------------------------------------------------------- KINDER MORGAN INC Cmn 49455P101 2,329,749 47,343 ------------------------------------------------------------------------------------------------------- KING PHARMACEUTICALS INC Cmn 495582108 2,339,007 55,757 ------------------------------------------------------------------------------------------------------- KITTY HAWK INC 9.95% 11/15 Corp Bond 498326AC1 800,000 5,000 ------------------------------------------------------------------------------------------------------- KLA-TENCOR INSTRUMENTS CORP Cmn 482480100 1,216,367 38,517 ------------------------------------------------------------------------------------------------------- KNIGHT RIDDER INC Cmn 499040103 740,292 13,255 ------------------------------------------------------------------------------------------------------- KNIGHT TRADING GROUP INC Cmn 499063105 185,533 24,064 ------------------------------------------------------------------------------------------------------- KOHL CORPORATION 0% CB 6/1 Cnv Bnd 500255AJ3 40,440,065 67,560 ------------------------------------------------------------------------------------------------------- KOHLS CORP CMN STK Cmn 500255104 3,483,456 72,572 ------------------------------------------------------------------------------------------------------- KONINKLIJKE PHILIPS ELECTR Cmn 500472303 386,000 20,000 ------------------------------------------------------------------------------------------------------- KPN NV 7.50% USD OF 10/1/2 Corp Bond 780641AF3 475,600 580 ------------------------------------------------------------------------------------------------------- KPN NV 8.00% USD OF 10/1/2 Corp Bond 780641AG1 7,020,000 9,000 ------------------------------------------------------------------------------------------------------- KPN NV 8.375% USD OF 10/1/ Corp Bond 780641AH9 1,500,000 2,000 ------------------------------------------------------------------------------------------------------- KROGER CO. Cmn 501044101 3,684,000 149,513 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 70,861,511 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- -------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None -------------------------------------------------------------------------------------------------------------------- KIMBERLY CLARK CORP X n/a X -------------------------------------------------------------------------------------------------------------------- KINDER MORGAN INC X n/a X -------------------------------------------------------------------------------------------------------------------- KING PHARMACEUTICALS INC X n/a X -------------------------------------------------------------------------------------------------------------------- KITTY HAWK INC 9.95% 11/15 X n/a n/a -------------------------------------------------------------------------------------------------------------------- KLA-TENCOR INSTRUMENTS CORP X n/a X -------------------------------------------------------------------------------------------------------------------- KNIGHT RIDDER INC X n/a X -------------------------------------------------------------------------------------------------------------------- KNIGHT TRADING GROUP INC X n/a X -------------------------------------------------------------------------------------------------------------------- KOHL CORPORATION 0% CB 6/1 X n/a n/a -------------------------------------------------------------------------------------------------------------------- KOHLS CORP CMN STK X n/a X -------------------------------------------------------------------------------------------------------------------- KONINKLIJKE PHILIPS ELECTR X n/a X -------------------------------------------------------------------------------------------------------------------- KPN NV 7.50% USD OF 10/1/2 X n/a n/a -------------------------------------------------------------------------------------------------------------------- KPN NV 8.00% USD OF 10/1/2 X n/a n/a -------------------------------------------------------------------------------------------------------------------- KPN NV 8.375% USD OF 10/1/ X n/a n/a -------------------------------------------------------------------------------------------------------------------- KROGER CO. X n/a X -------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS --------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- KSS 50.0 STRIKE PUT 01/18/ Opt (Put) 500255104 955,000 1,000 ------------------------------------------------------------------------------------------------------- KSS 50.0 STRIKE PUT 04/20/ Opt (Put) 500255104 735,000 1,000 ------------------------------------------------------------------------------------------------------- L-3 COMMUNICATIONS HLDGS Cmn 502424104 341,055 3,900 ------------------------------------------------------------------------------------------------------- LABORATORY CORP. OF AMER. Cmn 50540R409 1,625,085 20,100 ------------------------------------------------------------------------------------------------------- LAFARGE NORTH AMERICA INC Cmn 505862102 334,000 10,000 ------------------------------------------------------------------------------------------------------- LAM RESEARCH 5% CB DUE 09/ Cnv Bnd 512807AC2 53,952,148 52,786 ------------------------------------------------------------------------------------------------------- LAMAR ADVERTISING Cmn 512815101 968,118 31,930 ------------------------------------------------------------------------------------------------------- LATIN AMERICA EQUITY FUND Cmn 51827Q106 506,000 50,000 ------------------------------------------------------------------------------------------------------- LATIN AMERICAN DISCOVERY Cmn 51828C106 389,500 50,000 ------------------------------------------------------------------------------------------------------- LATTICE SEMICONDUCTOR 4.75 Cnv Bnd 518415AC8 12,558,462 12,485 ------------------------------------------------------------------------------------------------------- LEGGETT & PLATT INC Cmn 524660107 765,297 39,246 ------------------------------------------------------------------------------------------------------- LEH 40.0 STRIKE PUT 01/18/ Opt (Put) 524908100 430,000 1,000 ------------------------------------------------------------------------------------------------------- LEH 45.0 STRIKE PUT 01/19/ Opt (Put) 524908100 259,875 1,350 ------------------------------------------------------------------------------------------------------- LEH 50.0 STRIKE PUT 01/18/ Opt (Put) 524908100 1,072,500 1,300 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 74,892,040 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- -------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None -------------------------------------------------------------------------------------------------------------------- KSS 50.0 STRIKE PUT 01/18/ X n/a n/a -------------------------------------------------------------------------------------------------------------------- KSS 50.0 STRIKE PUT 04/20/ X n/a n/a -------------------------------------------------------------------------------------------------------------------- L-3 COMMUNICATIONS HLDGS X n/a X -------------------------------------------------------------------------------------------------------------------- LABORATORY CORP. OF AMER. X n/a X -------------------------------------------------------------------------------------------------------------------- LAFARGE NORTH AMERICA INC X n/a X -------------------------------------------------------------------------------------------------------------------- LAM RESEARCH 5% CB DUE 09/ X n/a n/a -------------------------------------------------------------------------------------------------------------------- LAMAR ADVERTISING X n/a X -------------------------------------------------------------------------------------------------------------------- LATIN AMERICA EQUITY FUND X n/a X -------------------------------------------------------------------------------------------------------------------- LATIN AMERICAN DISCOVERY X n/a X -------------------------------------------------------------------------------------------------------------------- LATTICE SEMICONDUCTOR 4.75 X n/a n/a -------------------------------------------------------------------------------------------------------------------- LEGGETT & PLATT INC X n/a X -------------------------------------------------------------------------------------------------------------------- LEH 40.0 STRIKE PUT 01/18/ X n/a n/a -------------------------------------------------------------------------------------------------------------------- LEH 45.0 STRIKE PUT 01/19/ X n/a n/a -------------------------------------------------------------------------------------------------------------------- LEH 50.0 STRIKE PUT 01/18/ X n/a n/a -------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS --------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- LEH 55.0 STRIKE PUT 01/18/ Opt (Put) 524908100 207,000 200 ------------------------------------------------------------------------------------------------------- LEHMAN BROTHERS HOLDINGS Cmn 524908100 2,520,672 44,339 ------------------------------------------------------------------------------------------------------- LENNAR CORP CMN STK Cmn 526057104 1,171,300 32,500 ------------------------------------------------------------------------------------------------------- LEVEL 3 6% CB DUE 3/15/201 Cnv Bnd 52729NAS9 10,682,280 40,500 ------------------------------------------------------------------------------------------------------- LEVEL THREE 6% CB DUE 9/15 Cnv Bnd 52729NAG5 2,204,160 8,000 ------------------------------------------------------------------------------------------------------- LEXMARK INTERNATIONAL INC Cmn 529771107 1,031,817 23,078 ------------------------------------------------------------------------------------------------------- LIMITED INC Cmn 532716107 1,288,039 135,583 ------------------------------------------------------------------------------------------------------- LINCARE HOLDINGS INC Cmn 532791100 693,716 26,109 ------------------------------------------------------------------------------------------------------- LINCOLN NATL CORP IND Cmn 534187109 1,911,410 40,991 ------------------------------------------------------------------------------------------------------- LINEAR TECHNOLOGY CORP Cmn 535678106 1,875,504 57,180 ------------------------------------------------------------------------------------------------------- LIZ CLAIBORNE INC Cmn 539320101 1,483,684 39,355 ------------------------------------------------------------------------------------------------------- LOCKHEED MARTIN CORP Cmn 539830109 4,406,281 100,715 ------------------------------------------------------------------------------------------------------- LOEWS CORP. Cmn 540424108 1,960,837 42,369 ------------------------------------------------------------------------------------------------------- LOR 5.0 STRIKE PUT 01/19/2 Opt (Put) G56462107 740,000 2,000 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 32,176,701 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- LEH 55.0 STRIKE PUT 01/18/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- LEHMAN BROTHERS HOLDINGS X n/a X ---------------------------------------------------------------------------------------------------------------------- LENNAR CORP CMN STK X n/a X ---------------------------------------------------------------------------------------------------------------------- LEVEL 3 6% CB DUE 3/15/201 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- LEVEL THREE 6% CB DUE 9/15 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- LEXMARK INTERNATIONAL INC X n/a X ---------------------------------------------------------------------------------------------------------------------- LIMITED INC X n/a X ---------------------------------------------------------------------------------------------------------------------- LINCARE HOLDINGS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- LINCOLN NATL CORP IND X n/a X ---------------------------------------------------------------------------------------------------------------------- LINEAR TECHNOLOGY CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- LIZ CLAIBORNE INC X n/a X ---------------------------------------------------------------------------------------------------------------------- LOCKHEED MARTIN CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- LOEWS CORP. X n/a X ---------------------------------------------------------------------------------------------------------------------- LOR 5.0 STRIKE PUT 01/19/2 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- LORAL SPACE & COMM 6% CV PFD Cnv Bnd G56462149 8,444,952 1,055,619 ------------------------------------------------------------------------------------------------------- LOUISIANA-PACIFIC CORP Cmn 546347105 557,759 85,809 ------------------------------------------------------------------------------------------------------- LOW 22.50 STRIKE PUT 01/18 Opt (Put) 548661107 270,000 1,500 ------------------------------------------------------------------------------------------------------- LOWE'S COMPANIES Cmn 548661107 5,470,006 172,828 ------------------------------------------------------------------------------------------------------- LRCX 15.000 STRIKE PUT 01/ Opt (Put) 512807108 621,250 3,500 ------------------------------------------------------------------------------------------------------- LRCX 15.000 STRIKE PUT 01/ Opt (Put) 512807108 1,443,000 3,700 ------------------------------------------------------------------------------------------------------- LRCX 20.0 STRIKE PUT 01/18 Opt (Put) 512807108 881,250 1,250 ------------------------------------------------------------------------------------------------------- LRCX 20.0 STRIKE PUT 01/19 Opt (Put) 512807108 264,000 550 ------------------------------------------------------------------------------------------------------- LSI 17.5 STRIKE PUT 01/19/ Opt (Put) 502161102 625,000 1,000 ------------------------------------------------------------------------------------------------------- LSI LOGIC CORP. Cmn 502161102 3,141,997 267,404 ------------------------------------------------------------------------------------------------------- LTX CORPORATION 4.25% CB Cnv Bnd 502392AD5 8,175,230 10,000 ------------------------------------------------------------------------------------------------------- LU 10.0 STRIKE PUT 01/18/2 Opt (Put) 549463107 275,000 550 ------------------------------------------------------------------------------------------------------- LU 10.0 STRIKE PUT 01/19/2 Opt (Put) 549463107 276,000 600 ------------------------------------------------------------------------------------------------------- LU 12.5 STRIKE PUT 01/18/2 Opt (Put) 549463107 357,500 500 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 30,802,944 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------ --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- LORAL SPACE & COMM 6% CV PFD X n/a n/a --------------------------------------------------------------------------------------------------------------------- LOUISIANA-PACIFIC CORP X n/a X --------------------------------------------------------------------------------------------------------------------- LOW 22.50 STRIKE PUT 01/18 X n/a n/a --------------------------------------------------------------------------------------------------------------------- LOWE'S COMPANIES X n/a X --------------------------------------------------------------------------------------------------------------------- LRCX 15.000 STRIKE PUT 01/ X n/a n/a --------------------------------------------------------------------------------------------------------------------- LRCX 15.000 STRIKE PUT 01/ X n/a n/a --------------------------------------------------------------------------------------------------------------------- LRCX 20.0 STRIKE PUT 01/18 X n/a n/a --------------------------------------------------------------------------------------------------------------------- LRCX 20.0 STRIKE PUT 01/19 X n/a n/a --------------------------------------------------------------------------------------------------------------------- LSI 17.5 STRIKE PUT 01/19/ X n/a n/a --------------------------------------------------------------------------------------------------------------------- LSI LOGIC CORP. X n/a X --------------------------------------------------------------------------------------------------------------------- LTX CORPORATION 4.25% CB X n/a n/a --------------------------------------------------------------------------------------------------------------------- LU 10.0 STRIKE PUT 01/18/2 X n/a n/a --------------------------------------------------------------------------------------------------------------------- LU 10.0 STRIKE PUT 01/19/2 X n/a n/a --------------------------------------------------------------------------------------------------------------------- LU 12.5 STRIKE PUT 01/18/2 X n/a n/a --------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ---------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- LU 15.0 STRIKE PUT 01/18/2 Opt (Put) 549463107 756,000 800 ------------------------------------------------------------------------------------------------------- LU 7.5 STRIKE CALL 01/19/2 Opt (Call) 549463107 1,062,500 25,000 ------------------------------------------------------------------------------------------------------- LUCENT 8% CONV PREF DUE 8/ Cnv Bnd 549463206 8,167,560 8,000 ------------------------------------------------------------------------------------------------------- LUCENT TECHNOLOGIES 6.45% Corp Bond 549463AE7 4,800,000 8,000 ------------------------------------------------------------------------------------------------------- LUCENT TECHNOLOGIES INC Cmn 549463107 4,189,043 731,072 ------------------------------------------------------------------------------------------------------- LUME 22.5 STRIKE PUT 04/20 Opt (Put) M6778Q105 260,000 500 ------------------------------------------------------------------------------------------------------- MACK-CALI REALTY CORP Cmn 554489104 424,700 13,700 ------------------------------------------------------------------------------------------------------- MACROVISION CORP Cmn 555904101 949,377 33,417 ------------------------------------------------------------------------------------------------------- MAGNA INTERNATIONAL INC - Cmn 559222401 295,400 5,600 ------------------------------------------------------------------------------------------------------- MAIL-WELL INC Cmn 560321200 467,680 126,400 ------------------------------------------------------------------------------------------------------- MANOR CARE INC. Cmn 564055101 541,094 19,256 ------------------------------------------------------------------------------------------------------- MANPOWER, INC Cmn 56418H100 579,260 22,000 ------------------------------------------------------------------------------------------------------- MANUGISTICS GROUP 5% CB Cnv Bnd 565011AB9 5,655,120 10,000 ------------------------------------------------------------------------------------------------------- MAR 40.0 STRIKE PUT 04/20/ Opt (Put) 571903202 985,000 1,000 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 29,132,733 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- LU 15.0 STRIKE PUT 01/18/2 X n/a n/a --------------------------------------------------------------------------------------------------------------------- LU 7.5 STRIKE CALL 01/19/2 X n/a n/a --------------------------------------------------------------------------------------------------------------------- LUCENT 8% CONV PREF DUE 8/ X n/a n/a --------------------------------------------------------------------------------------------------------------------- LUCENT TECHNOLOGIES 6.45% X n/a n/a --------------------------------------------------------------------------------------------------------------------- LUCENT TECHNOLOGIES INC X n/a X --------------------------------------------------------------------------------------------------------------------- LUME 22.5 STRIKE PUT 04/20 X n/a n/a --------------------------------------------------------------------------------------------------------------------- MACK-CALI REALTY CORP X n/a X --------------------------------------------------------------------------------------------------------------------- MACROVISION CORP X n/a X --------------------------------------------------------------------------------------------------------------------- MAGNA INTERNATIONAL INC - X n/a X --------------------------------------------------------------------------------------------------------------------- MAIL-WELL INC X n/a X --------------------------------------------------------------------------------------------------------------------- MANOR CARE INC. X n/a X --------------------------------------------------------------------------------------------------------------------- MANPOWER, INC X n/a X --------------------------------------------------------------------------------------------------------------------- MANUGISTICS GROUP 5% CB X n/a n/a --------------------------------------------------------------------------------------------------------------------- MAR 40.0 STRIKE PUT 04/20/ X n/a n/a --------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ---------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount --------------------------------------------------------------------------------------------------- MARCONI CORP 7.75% USD 9/1 Corp Bond 566306AA4 1,020,000 3,000 --------------------------------------------------------------------------------------------------- MARCONI CORP 8.375% USD 9/ Corp Bond 566306AB2 930,000 3,000 --------------------------------------------------------------------------------------------------- MARCONI PLC - UNSPON ADR Cmn 566306205 596,501 1,028,450 --------------------------------------------------------------------------------------------------- MARRIOTT INTL INC Cmn 571903202 1,746,653 52,295 --------------------------------------------------------------------------------------------------- MARSH & MCLENNAN COS INC Cmn 571748102 6,229,994 64,426 --------------------------------------------------------------------------------------------------- MARVELL TECHNOLOGY GROUP Cmn G5876H105 527,793 36,780 --------------------------------------------------------------------------------------------------- MASCO CORP Cmn 574599106 2,289,076 111,990 --------------------------------------------------------------------------------------------------- MASCO CORPORATION 0% CB DU Cnv Bnd 574599AW6 79,307,400 200,000 --------------------------------------------------------------------------------------------------- MATTEL INC Cmn 577081102 1,933,775 123,485 --------------------------------------------------------------------------------------------------- MAXIM INTEGRATED PRODUCTS Cmn 57772K101 2,062,124 59,019 --------------------------------------------------------------------------------------------------- MAY DEPT STORES CO Cmn 577778103 1,962,623 67,630 --------------------------------------------------------------------------------------------------- MAYTAG CORPORATION Cmn 578592107 419,126 17,010 --------------------------------------------------------------------------------------------------- MBIA INC CMN STK Cmn 55262C100 1,328,900 26,578 --------------------------------------------------------------------------------------------------- MBNA CORP Cmn 55262L100 5,523,382 182,350 --------------------------------------------------------------------------------------------------- COLUMN TOTALS 105,877,346 --------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- MARCONI CORP 7.75% USD 9/1 X n/a n/a --------------------------------------------------------------------------------------------------------------------- MARCONI CORP 8.375% USD 9/ X n/a n/a --------------------------------------------------------------------------------------------------------------------- MARCONI PLC - UNSPON ADR X n/a X --------------------------------------------------------------------------------------------------------------------- MARRIOTT INTL INC X n/a X --------------------------------------------------------------------------------------------------------------------- MARSH & MCLENNAN COS INC X n/a X --------------------------------------------------------------------------------------------------------------------- MARVELL TECHNOLOGY GROUP X n/a X --------------------------------------------------------------------------------------------------------------------- MASCO CORP X n/a X --------------------------------------------------------------------------------------------------------------------- MASCO CORPORATION 0% CB DU X n/a n/a --------------------------------------------------------------------------------------------------------------------- MATTEL INC X n/a X --------------------------------------------------------------------------------------------------------------------- MAXIM INTEGRATED PRODUCTS X n/a X --------------------------------------------------------------------------------------------------------------------- MAY DEPT STORES CO X n/a X --------------------------------------------------------------------------------------------------------------------- MAYTAG CORPORATION X n/a X --------------------------------------------------------------------------------------------------------------------- MBIA INC CMN STK X n/a X --------------------------------------------------------------------------------------------------------------------- MBNA CORP X n/a X --------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ---------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- MCDATA CORPORATION Cmn 580031102 135,724 16,062 ------------------------------------------------------------------------------------------------------- MCDERMOTT INC Cmn 580037109 234,894 28,472 ------------------------------------------------------------------------------------------------------- MCDONALDS CORP Cmn 580135101 7,675,056 282,795 ------------------------------------------------------------------------------------------------------- MCGRAW-HILL, INC. Cmn 580645109 2,041,074 35,070 ------------------------------------------------------------------------------------------------------- MCKESSON CORP Cmn 58155Q103 2,361,837 62,499 ------------------------------------------------------------------------------------------------------- MCLEOD INC 8.125% 02/15/20 Corp Bond 582266AP7 653,950 2,255 ------------------------------------------------------------------------------------------------------- MCLEOD INC 9.25% 07/15/200 Corp Bond 582266AF9 208,000 650 ------------------------------------------------------------------------------------------------------- MCLEOD USA INC Cmn 582266102 4,392,257 5,704,230 ------------------------------------------------------------------------------------------------------- McLeodUSA Inc. 6.75% PERPE Cnv Bnd 582266201 483,403 14,000 ------------------------------------------------------------------------------------------------------- MEAD CORP. Cmn 582834107 24,459,238 883,643 ------------------------------------------------------------------------------------------------------- MEDIACOM COMMUNICATIONS Cmn 58446K105 143,552 11,017 ------------------------------------------------------------------------------------------------------- MEDIMMUNE INC Cmn 584699102 1,364,344 38,292 ------------------------------------------------------------------------------------------------------- MEDTRONIC INC Cmn 585055106 29,779,926 684,596 ------------------------------------------------------------------------------------------------------- MEDTRONIC INC 1.25% CB Cnv Bnd 585055AA4 20,599,440 20,000 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 94,532,695 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- MCDATA CORPORATION X n/a X --------------------------------------------------------------------------------------------------------------------- MCDERMOTT INC X n/a X --------------------------------------------------------------------------------------------------------------------- MCDONALDS CORP X n/a X ------------------------------------------------------------------------------------------------------------------- MCGRAW-HILL, INC. X n/a X ------------------------------------------------------------------------------------------------------------------- MCKESSON CORP X n/a X ------------------------------------------------------------------------------------------------------------------- MCLEOD INC 8.125% 02/15/20 X n/a n/a ------------------------------------------------------------------------------------------------------------------- MCLEOD INC 9.25% 07/15/200 X n/a n/a ------------------------------------------------------------------------------------------------------------------- MCLEOD USA INC X n/a X ------------------------------------------------------------------------------------------------------------------- McLeodUSA Inc. 6.75% PERPE X n/a n/a ------------------------------------------------------------------------------------------------------------------- MEAD CORP. X n/a X ------------------------------------------------------------------------------------------------------------------- MEDIACOM COMMUNICATIONS X n/a X ------------------------------------------------------------------------------------------------------------------- MEDIMMUNE INC X n/a X ------------------------------------------------------------------------------------------------------------------- MEDTRONIC INC X n/a X ------------------------------------------------------------------------------------------------------------------- MEDTRONIC INC 1.25% CB X n/a n/a ------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS -------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- MELLON FINANCIAL CORP Cmn 58551A108 3,995,568 123,587 ------------------------------------------------------------------------------------------------------- MENTOR CORP Cmn 587188103 354,200 14,000 ------------------------------------------------------------------------------------------------------- MENTOR GRAPHICS CORP Cmn 587200106 502,515 36,467 ------------------------------------------------------------------------------------------------------- MER 40.000 STRIKE PUT 01/1 Opt (Put) 590188108 1,721,250 4,050 ------------------------------------------------------------------------------------------------------- MER 45.0 STRIKE PUT 01/19/ Opt (Put) 590188108 3,240,000 4,500 ------------------------------------------------------------------------------------------------------- MER 47.5 STRIKE PUT 01/19/ Opt (Put) 590188108 890,000 1,000 ------------------------------------------------------------------------------------------------------- MER 50.0 STRIKE PUT 01/18/ Opt (Put) 590188108 2,770,000 2,000 ------------------------------------------------------------------------------------------------------- MERCK & CO Cmn 589331107 33,129,171 497,435 ------------------------------------------------------------------------------------------------------- MERCURY INTERACTIVE CORP Cnv Bnd 589405AB5 1,533,006 2,250 ------------------------------------------------------------------------------------------------------- MERCURY INTERACTIVE CORP Cmn 589405109 987,757 51,878 ------------------------------------------------------------------------------------------------------- MEREDITH CORP Cmn 589433101 319,340 9,939 ------------------------------------------------------------------------------------------------------- MERRILL LYNCH & CO INC Cmn 590188108 8,559,860 210,834 ------------------------------------------------------------------------------------------------------- MERRILL LYNCH 0% CB Cnv Bnd 590188A65 21,453,522 43,415 ------------------------------------------------------------------------------------------------------- METLIFE INC CMN STK Cmn 59156R108 4,005,075 134,851 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 83,461,265 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- MELLON FINANCIAL CORP X n/a X --------------------------------------------------------------------------------------------------------------------- MENTOR CORP X n/a X --------------------------------------------------------------------------------------------------------------------- MENTOR GRAPHICS CORP X n/a X --------------------------------------------------------------------------------------------------------------------- MER 40.000 STRIKE PUT 01/1 X n/a n/a --------------------------------------------------------------------------------------------------------------------- MER 45.0 STRIKE PUT 01/19/ X n/a n/a --------------------------------------------------------------------------------------------------------------------- MER 47.5 STRIKE PUT 01/19/ X n/a n/a --------------------------------------------------------------------------------------------------------------------- MER 50.0 STRIKE PUT 01/18/ X n/a n/a --------------------------------------------------------------------------------------------------------------------- MERCK & CO X n/a X --------------------------------------------------------------------------------------------------------------------- MERCURY INTERACTIVE CORP X n/a n/a --------------------------------------------------------------------------------------------------------------------- MERCURY INTERACTIVE CORP X n/a X --------------------------------------------------------------------------------------------------------------------- MEREDITH CORP X n/a X --------------------------------------------------------------------------------------------------------------------- MERRILL LYNCH & CO INC X n/a X --------------------------------------------------------------------------------------------------------------------- MERRILL LYNCH 0% CB X n/a n/a --------------------------------------------------------------------------------------------------------------------- METLIFE INC CMN STK X n/a X --------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ---------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- METRICOM INC Cmn 591596101 3,357 11,575 ------------------------------------------------------------------------------------------------------- METRO ONE TELECOMM Cmn 59163F105 705,744 30,420 ------------------------------------------------------------------------------------------------------- MEXICO FUND COM SHS Cmn 592835102 7,177,016 469,700 ------------------------------------------------------------------------------------------------------- MFNX 12.5 STRIKE PUT 01/19 Opt (Put) 591689104 347,490 286 ------------------------------------------------------------------------------------------------------- MGIC INV CORP Cmn 552848103 2,289,971 35,047 ------------------------------------------------------------------------------------------------------- MICREL INC Cmn 594793101 727,810 36,500 ------------------------------------------------------------------------------------------------------- MICRON TECHNOLOGY INC Cmn 595112103 2,019,951 107,273 ------------------------------------------------------------------------------------------------------- MICROSOFT Cmn 594918104 112,050,889 2,189,777 ------------------------------------------------------------------------------------------------------- MICROSTRATEGY INC Cmn 594972101 1,009,117 893,024 ------------------------------------------------------------------------------------------------------- MID ATLANTIC MEDICAL SVCS Cmn 59523C107 231,000 11,000 ------------------------------------------------------------------------------------------------------- MILLENNIUM PHARMACEUTICALS Cmn 599902103 643,285 36,221 ------------------------------------------------------------------------------------------------------- MILLIPORE CORP Cmn 601073109 1,255,737 23,720 ------------------------------------------------------------------------------------------------------- MINNESOTA MNG & MFG CO Cmn 604059105 7,743,391 78,693 ------------------------------------------------------------------------------------------------------- MIRANT CORP Cmn 604675108 3,682,879 168,168 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 139,887,637 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- METRICOM INC X n/a X ---------------------------------------------------------------------------------------------------------------------- METRO ONE TELECOMM X n/a X ---------------------------------------------------------------------------------------------------------------------- MEXICO FUND COM SHS X n/a X ---------------------------------------------------------------------------------------------------------------------- MFNX 12.5 STRIKE PUT 01/19 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- MGIC INV CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- MICREL INC X n/a X ---------------------------------------------------------------------------------------------------------------------- MICRON TECHNOLOGY INC X n/a X ---------------------------------------------------------------------------------------------------------------------- MICROSOFT X n/a X ---------------------------------------------------------------------------------------------------------------------- MICROSTRATEGY INC X n/a X ---------------------------------------------------------------------------------------------------------------------- MID ATLANTIC MEDICAL SVCS X n/a X ---------------------------------------------------------------------------------------------------------------------- MILLENNIUM PHARMACEUTICALS X n/a X ---------------------------------------------------------------------------------------------------------------------- MILLIPORE CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- MINNESOTA MNG & MFG CO X n/a X ---------------------------------------------------------------------------------------------------------------------- MIRANT CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- MITCHELL ENERGY & DEV CORP Cmn 606592202 1,869,476 37,300 ------------------------------------------------------------------------------------------------------- MOLEX INC CMN STK Cmn 608554101 1,278,555 45,484 ------------------------------------------------------------------------------------------------------- MONY GROUP INC Cmn 615337102 344,448 10,400 ------------------------------------------------------------------------------------------------------- MOODY'S CORP Cmn 615369105 1,249,083 33,759 ------------------------------------------------------------------------------------------------------- MORGAN STANLEY ASIA PACIFI Cmn 61744U106 460,530 73,100 ------------------------------------------------------------------------------------------------------- MORGAN STANLEY DEAN WITTER Cmn 617446448 14,175,777 305,842 ------------------------------------------------------------------------------------------------------- MOTOROLA Cmn 620076109 6,984,775 447,742 ------------------------------------------------------------------------------------------------------- MRV COMMUNICATIONS 5% 6/15 Cnv Bnd 553477AB6 15,649,570 24,518 ------------------------------------------------------------------------------------------------------- MSFT 50.0 STRIKE PUT 01/19 Opt (Put) 594918104 1,040,000 2,000 ------------------------------------------------------------------------------------------------------- MSFT 60.0 STRIKE PUT 01/19 Opt (Put) 594918104 4,440,000 4,000 ------------------------------------------------------------------------------------------------------- MSFT 65.0 STRIKE PUT 01/19 Opt (Put) 594918104 4,500,000 3,000 ------------------------------------------------------------------------------------------------------- MSFT 70.0 STRIKE PUT 01/19 Opt (Put) 594918104 5,790,000 3,000 ------------------------------------------------------------------------------------------------------- MSFT 75.0 STRIKE PUT 01/19 Opt (Put) 594918104 4,800,000 2,000 ------------------------------------------------------------------------------------------------------- MWD 50.0 STRIKE PUT 01/18/ Opt (Put) 617446448 696,000 600 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 63,278,214 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- MITCHELL ENERGY & DEV CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- MOLEX INC CMN STK X n/a X ---------------------------------------------------------------------------------------------------------------------- MONY GROUP INC X n/a X ---------------------------------------------------------------------------------------------------------------------- MOODY'S CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY ASIA PACIFI X n/a X ---------------------------------------------------------------------------------------------------------------------- MORGAN STANLEY DEAN WITTER X n/a X ---------------------------------------------------------------------------------------------------------------------- MOTOROLA X n/a X ---------------------------------------------------------------------------------------------------------------------- MRV COMMUNICATIONS 5% 6/15 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- MSFT 50.0 STRIKE PUT 01/19 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- MSFT 60.0 STRIKE PUT 01/19 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- MSFT 65.0 STRIKE PUT 01/19 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- MSFT 70.0 STRIKE PUT 01/19 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- MSFT 75.0 STRIKE PUT 01/19 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- MWD 50.0 STRIKE PUT 01/18/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- MWD 50.0 STRIKE PUT 01/19/ Opt (Put) 617446448 2,235,000 3,000 ------------------------------------------------------------------------------------------------------- MWD 55.0 STRIKE PUT 01/19/ Opt (Put) 617446448 545,000 500 ------------------------------------------------------------------------------------------------------- MWD 60.0 STRIKE PUT 01/19/ Opt (Put) 617446448 1,490,000 1,000 ------------------------------------------------------------------------------------------------------- NABORS INDUSTRIES Cmn 629568106 1,764,772 84,157 ------------------------------------------------------------------------------------------------------- NATIONAL AUSTRALIA 7.875% MIPS 632525309 60,616,106 2,303,700 ------------------------------------------------------------------------------------------------------- NATIONAL CITY CORP Cmn 635405103 3,625,028 121,036 ------------------------------------------------------------------------------------------------------- NATIONAL INSTRS CORP Cmn 636518102 242,910 9,282 ------------------------------------------------------------------------------------------------------- NATIONAL SEMICONDUCTOR Cmn 637640103 1,277,665 57,944 ------------------------------------------------------------------------------------------------------- NATIONAL SVC INDS INC Cmn 637657107 346,362 16,773 ------------------------------------------------------------------------------------------------------- NATIONWIDE FINL SVCS Cmn 638612101 527,956 14,200 ------------------------------------------------------------------------------------------------------- NATL EQUIP SVCS INC Cmn 635847106 278,920 146,800 ------------------------------------------------------------------------------------------------------- NAVISTAR INTERNATIONAL 93 Cmn 6.3934E+112 2,678,015 94,797 ------------------------------------------------------------------------------------------------------- NCO GROUP INC Cmn 628858102 500,469 36,584 ------------------------------------------------------------------------------------------------------- NCR CORP NEW Cmn 6.2886E+112 1,085,813 36,621 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 77,214,017 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- MWD 50.0 STRIKE PUT 01/19/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- MWD 55.0 STRIKE PUT 01/19/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- MWD 60.0 STRIKE PUT 01/19/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- NABORS INDUSTRIES X n/a X ---------------------------------------------------------------------------------------------------------------------- NATIONAL AUSTRALIA 7.875% X n/a n/a ---------------------------------------------------------------------------------------------------------------------- NATIONAL CITY CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- NATIONAL INSTRS CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- NATIONAL SEMICONDUCTOR X n/a X ---------------------------------------------------------------------------------------------------------------------- NATIONAL SVC INDS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- NATIONWIDE FINL SVCS X n/a X ---------------------------------------------------------------------------------------------------------------------- NATL EQUIP SVCS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- NAVISTAR INTERNATIONAL 93 X n/a X ---------------------------------------------------------------------------------------------------------------------- NCO GROUP INC X n/a X ---------------------------------------------------------------------------------------------------------------------- NCR CORP NEW X n/a X ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- NEIMAN MARCUS GROUP- CL B Cmn 640204301 4,097,730 172,900 ------------------------------------------------------------------------------------------------------- NEIMAN MARCUS GROUPS INC C Cmn 640204202 308,070 12,600 ------------------------------------------------------------------------------------------------------- NEON COMMUNICATIONS INC 12 Corp Bond 664334AA7 1,540,000 5,500 ------------------------------------------------------------------------------------------------------- NEON COMMUNICATIONS INC Cmn 640506101 41,100 15,000 ------------------------------------------------------------------------------------------------------- NETA 15.0 STRIKE PUT 01/18 Opt (Put) 640938106 282,500 500 ------------------------------------------------------------------------------------------------------- NETWORK APPLIANCE INC Cmn 64120L104 475,082 69,865 ------------------------------------------------------------------------------------------------------- NETWORK ASSOC. 0% OID DUE Cnv Bnd 640938AB2 1,884,961 4,273 ------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN INC Cmn 641234109 292,992 8,400 ------------------------------------------------------------------------------------------------------- NEUROCRINE BIOSCIENCES INC Cmn 64125C109 333,008 10,400 ------------------------------------------------------------------------------------------------------- NEW YORK TIMES COMPANY Cmn 650111107 1,332,094 34,130 ------------------------------------------------------------------------------------------------------- NEWELL RUBBERMAID INC Cmn 651229106 1,954,922 86,082 ------------------------------------------------------------------------------------------------------- NEWFIELD EXPLORATION CO 7. Corp Bond 651290AE8 4,852,000 5,000 ------------------------------------------------------------------------------------------------------- NEWMONT MINING CORP Cmn 651639106 829,870 35,164 ------------------------------------------------------------------------------------------------------- NEWPORT NEWS SHIPBLDING Cmn 652228107 38,982,720 580,100 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 57,207,050 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- NEIMAN MARCUS GROUP- CL B X n/a X --------------------------------------------------------------------------------------------------------------------- NEIMAN MARCUS GROUPS INC C X n/a X --------------------------------------------------------------------------------------------------------------------- NEON COMMUNICATIONS INC 12 X n/a n/a --------------------------------------------------------------------------------------------------------------------- NEON COMMUNICATIONS INC X n/a X --------------------------------------------------------------------------------------------------------------------- NETA 15.0 STRIKE PUT 01/18 X n/a n/a --------------------------------------------------------------------------------------------------------------------- NETWORK APPLIANCE INC X n/a X --------------------------------------------------------------------------------------------------------------------- NETWORK ASSOC. 0% OID DUE X n/a n/a --------------------------------------------------------------------------------------------------------------------- NEUBERGER BERMAN INC X n/a X --------------------------------------------------------------------------------------------------------------------- NEUROCRINE BIOSCIENCES INC X n/a X --------------------------------------------------------------------------------------------------------------------- NEW YORK TIMES COMPANY X n/a X --------------------------------------------------------------------------------------------------------------------- NEWELL RUBBERMAID INC X n/a X --------------------------------------------------------------------------------------------------------------------- NEWFIELD EXPLORATION CO 7. X n/a n/a --------------------------------------------------------------------------------------------------------------------- NEWMONT MINING CORP X n/a X --------------------------------------------------------------------------------------------------------------------- NEWPORT NEWS SHIPBLDING X n/a X --------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ---------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- NEXTEL COMMUNICATIONS 9.5% Corp Bond 65332VBA0 4,880,000 8,000 ------------------------------------------------------------------------------------------------------- NEXTEL COMMUNICATIONS INC Cmn 65332V103 10,287,873 1,190,726 ------------------------------------------------------------------------------------------------------- NEXTLINK COMM. 14% Pfd 983764408 103,500 207,000 ------------------------------------------------------------------------------------------------------- NEXTLINK COMMUNICATI 9.625 Corp Bond 65333HAA1 380,000 2,000 ------------------------------------------------------------------------------------------------------- NEXTWAVE TELECOM INC Cmn 65332M103 7,800,000 800,000 ------------------------------------------------------------------------------------------------------- NIAGARA MOHAWK PWR CORP Cmn 653520106 584,532 34,445 ------------------------------------------------------------------------------------------------------- NICOR INC Cmn 654086107 377,619 9,745 ------------------------------------------------------------------------------------------------------- NIKE INC Cmn 654106103 2,405,004 51,378 ------------------------------------------------------------------------------------------------------- NISOURCE INC 0% MANDATORY Perc 65473P600 16,808,750 7,910,000 ------------------------------------------------------------------------------------------------------- NISOURCE INC CMN STK Cmn 65473P105 1,330,372 57,073 ------------------------------------------------------------------------------------------------------- NOBLE DRILLING Cmn 655042109 581,064 24,211 ------------------------------------------------------------------------------------------------------- NORDSTROM INC Cmn 655664100 1,044,880 72,310 ------------------------------------------------------------------------------------------------------- NORFOLK SOUTHERN 6.75% DUE Corp Bond 655844AP3 1,980,000 2,000 ------------------------------------------------------------------------------------------------------- NORFOLK SOUTHN CORP Cmn 655844108 1,564,736 97,068 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 50,128,329 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- NEXTEL COMMUNICATIONS 9.5% X n/a n/a --------------------------------------------------------------------------------------------------------------------- NEXTEL COMMUNICATIONS INC X n/a X --------------------------------------------------------------------------------------------------------------------- NEXTLINK COMM. 14% X n/a n/a --------------------------------------------------------------------------------------------------------------------- NEXTLINK COMMUNICATI 9.625 X n/a n/a --------------------------------------------------------------------------------------------------------------------- NEXTWAVE TELECOM INC X n/a X --------------------------------------------------------------------------------------------------------------------- NIAGARA MOHAWK PWR CORP X n/a X --------------------------------------------------------------------------------------------------------------------- NICOR INC X n/a X --------------------------------------------------------------------------------------------------------------------- NIKE INC X n/a X --------------------------------------------------------------------------------------------------------------------- NISOURCE INC 0% MANDATORY X n/a n/a --------------------------------------------------------------------------------------------------------------------- NISOURCE INC CMN STK X n/a X --------------------------------------------------------------------------------------------------------------------- NOBLE DRILLING X n/a X --------------------------------------------------------------------------------------------------------------------- NORDSTROM INC X n/a X --------------------------------------------------------------------------------------------------------------------- NORFOLK SOUTHERN 6.75% DUE X n/a n/a --------------------------------------------------------------------------------------------------------------------- NORFOLK SOUTHN CORP X n/a X --------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ---------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- NORSKE SKOG 8.625% DUE 6/1 Corp Bond 65653RAA1 495,000 500 ------------------------------------------------------------------------------------------------------- NORTEL NETWORKS CORP Cmn 656568102 5,716,287 1,018,946 ------------------------------------------------------------------------------------------------------- NORTEL NETWORKS CORP Cnv Bnd 656568AA0 1,684,982 2,000 ------------------------------------------------------------------------------------------------------- NORTHERN TRUST Cmn 665859104 2,101,509 40,044 ------------------------------------------------------------------------------------------------------- NORTHPOINT COMMUNICA 12.87 Corp Bond 666610AB6 1,750,000 10,000 ------------------------------------------------------------------------------------------------------- NORTHROP GRUMMAN CORP Cmn 666807102 2,017,980 19,980 ------------------------------------------------------------------------------------------------------- NOVELL INC Cmn 670006105 283,127 77,357 ------------------------------------------------------------------------------------------------------- NOVELLUS SYSTEMS INC Cmn 670008101 731,222 25,603 ------------------------------------------------------------------------------------------------------- NTL INCORPORATED Cmn 629407107 1,502,806 484,776 ------------------------------------------------------------------------------------------------------- NUCOR CORP Cmn 670346105 558,023 14,056 ------------------------------------------------------------------------------------------------------- NUMERICAL TECHNOLOGIES INC Cmn 67053T101 450,690 27,150 ------------------------------------------------------------------------------------------------------- NVDA 30.0 STRIKE PUT 01/18 Opt (Put) 67066G104 821,400 740 ------------------------------------------------------------------------------------------------------- NVIDIA CORP 4.75% CB Cnv Bnd 67066GAA2 12,890,281 13,948 ------------------------------------------------------------------------------------------------------- NYLIFE HEALTHCARE MGMT Perc 302181201 17,675,000 175,000 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 48,678,307 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- NORSKE SKOG 8.625% DUE 6/1 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- NORTEL NETWORKS CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- NORTEL NETWORKS CORP X n/a n/a ---------------------------------------------------------------------------------------------------------------------- NORTHERN TRUST X n/a X ---------------------------------------------------------------------------------------------------------------------- NORTHPOINT COMMUNICA 12.87 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- NORTHROP GRUMMAN CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- NOVELL INC X n/a X ---------------------------------------------------------------------------------------------------------------------- NOVELLUS SYSTEMS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- NTL INCORPORATED X n/a X ---------------------------------------------------------------------------------------------------------------------- NUCOR CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- NUMERICAL TECHNOLOGIES INC X n/a X ---------------------------------------------------------------------------------------------------------------------- NVDA 30.0 STRIKE PUT 01/18 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- NVIDIA CORP 4.75% CB X n/a n/a ---------------------------------------------------------------------------------------------------------------------- NYLIFE HEALTHCARE MGMT X n/a n/a ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- OCCIDENTAL PETROLEUM Cmn 674599105 1,730,112 71,081 ------------------------------------------------------------------------------------------------------- OFFICE DEPOT Cmn 676220106 728,511 53,567 ------------------------------------------------------------------------------------------------------- OHIO ST SOLID WASTE DISP 5 Corp Bond 677599AD4 1,320,000 400 ------------------------------------------------------------------------------------------------------- OMNICOM GROUP Cmn 681919106 3,121,625 48,099 ------------------------------------------------------------------------------------------------------- ONI SYSTEMS CORP 5% CB DUE Cnv Bnd 68273FAA1 3,270,283 5,250 ------------------------------------------------------------------------------------------------------- ON-LINE SOFTWARE INTL 6.25 Cnv Bnd 682180AA2 518,760 524 ------------------------------------------------------------------------------------------------------- ORACLE SYS CORP Cmn 68389X105 16,340,841 1,298,954 ------------------------------------------------------------------------------------------------------- ORBITAL 5% CB DUE 10/1/02 Cnv Bnd 685564AC0 4,174,964 6,845 ------------------------------------------------------------------------------------------------------- ORCL 25.0 STRIKE PUT 01/19 Opt (Put) 68389X105 2,480,000 2,000 ------------------------------------------------------------------------------------------------------- ORION POWER HOLDINGS Cmn 686286105 51,000,000 2,000,000 ------------------------------------------------------------------------------------------------------- OSI PHARMACEUTICALS INC Cmn 671040103 931,548 28,663 ------------------------------------------------------------------------------------------------------- OWENS CORNING 7% 03/15/200 Corp Bond 69073FAE3 2,010,000 6,000 ------------------------------------------------------------------------------------------------------- OWENS CORNING 7.5% 05/01/2 Corp Bond 69073FAB9 1,675,000 5,000 ------------------------------------------------------------------------------------------------------- OWENS CORNING 7.5% 08/01/2 Corp Bond 69073FAD5 2,010,000 6,000 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 91,311,643 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- OCCIDENTAL PETROLEUM X n/a X ---------------------------------------------------------------------------------------------------------------------- OFFICE DEPOT X n/a X ---------------------------------------------------------------------------------------------------------------------- OHIO ST SOLID WASTE DISP 5 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- OMNICOM GROUP X n/a X ---------------------------------------------------------------------------------------------------------------------- ONI SYSTEMS CORP 5% CB DUE X n/a n/a ---------------------------------------------------------------------------------------------------------------------- ON-LINE SOFTWARE INTL 6.25 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- ORACLE SYS CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- ORBITAL 5% CB DUE 10/1/02 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- ORCL 25.0 STRIKE PUT 01/19 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- ORION POWER HOLDINGS X n/a X ---------------------------------------------------------------------------------------------------------------------- OSI PHARMACEUTICALS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- OWENS CORNING 7% 03/15/200 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- OWENS CORNING 7.5% 05/01/2 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- OWENS CORNING 7.5% 08/01/2 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- OWENS CORNING 7.7% 05/01/2 Corp Bond 69073FAC7 1,005,000 3,000 ------------------------------------------------------------------------------------------------------- OWENS CORNING Cmn 69073F103 13,545 10,500 ------------------------------------------------------------------------------------------------------- OWENS-ILLINOIS INC Cmn 690768403 1,269,853 315,100 ------------------------------------------------------------------------------------------------------- P F CHANGS CHINA BISTRO IN Cmn 69333Y108 657,336 18,300 ------------------------------------------------------------------------------------------------------- PA ECONOMIC DEV FIN AUTH 6 Corp Bond 708692AD0 3,300,000 50 ------------------------------------------------------------------------------------------------------- PACCAR INC Cmn 693718108 676,823 13,793 ------------------------------------------------------------------------------------------------------- PACKAGING CORP OF AMERICA Cmn 695156109 194,670 12,600 ------------------------------------------------------------------------------------------------------- PACTIV CORP CMN STOCK W/I Cmn 695257105 412,342 28,457 ------------------------------------------------------------------------------------------------------- PALL CORP Cmn 696429307 430,545 22,136 ------------------------------------------------------------------------------------------------------- PALM INC COM STK Cmn 696642107 177,724 121,729 ------------------------------------------------------------------------------------------------------- PANAMSAT CORP COMMON Cmn 697933109 1,741,724 74,688 ------------------------------------------------------------------------------------------------------- PARAMETRIC TECHNOLOGY CORP Cmn 699173100 294,455 56,735 ------------------------------------------------------------------------------------------------------- PARK PLACE ENTERTAINMENT Cmn 700690100 322,520 44,000 ------------------------------------------------------------------------------------------------------- PARKER HANNIFIN CORP Cmn 701094104 1,598,414 46,601 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 12,094,951 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- OWENS CORNING 7.7% 05/01/2 X n/a n/a --------------------------------------------------------------------------------------------------------------------- OWENS CORNING X n/a X --------------------------------------------------------------------------------------------------------------------- OWENS-ILLINOIS INC X n/a X --------------------------------------------------------------------------------------------------------------------- P F CHANGS CHINA BISTRO IN X n/a X --------------------------------------------------------------------------------------------------------------------- PA ECONOMIC DEV FIN AUTH 6 X n/a n/a --------------------------------------------------------------------------------------------------------------------- PACCAR INC X n/a X --------------------------------------------------------------------------------------------------------------------- PACKAGING CORP OF AMERICA X n/a X --------------------------------------------------------------------------------------------------------------------- PACTIV CORP CMN STOCK W/I X n/a X --------------------------------------------------------------------------------------------------------------------- PALL CORP X n/a X --------------------------------------------------------------------------------------------------------------------- PALM INC COM STK X n/a X --------------------------------------------------------------------------------------------------------------------- PANAMSAT CORP COMMON X n/a X --------------------------------------------------------------------------------------------------------------------- PARAMETRIC TECHNOLOGY CORP X n/a X --------------------------------------------------------------------------------------------------------------------- PARK PLACE ENTERTAINMENT X n/a X --------------------------------------------------------------------------------------------------------------------- PARKER HANNIFIN CORP X n/a X --------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ---------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- PAYCHEX INC Cmn 704326107 2,115,266 67,130 ------------------------------------------------------------------------------------------------------- PCLN 7.5 STRIKE PUT 01/19/ Opt (Put) 741503106 380,000 1,000 ------------------------------------------------------------------------------------------------------- PCS 20.000 STRIKE PUT 01/1 Opt (Put) 862060106 390,000 1,500 ------------------------------------------------------------------------------------------------------- PCS 25.0 STRIKE CALL 01/19 Opt (Call) 862060106 592,500 1,500 ------------------------------------------------------------------------------------------------------- PCS 25.0 STRIKE PUT 01/17/ Opt (Put) 862060106 3,528,000 5,600 ------------------------------------------------------------------------------------------------------- PCS 25.0 STRIKE PUT 01/18/ Opt (Put) 862060106 235,000 500 ------------------------------------------------------------------------------------------------------- PCS 35.0 STRIKE CALL 01/18 Opt (Call) 862060106 350,000 1,000 ------------------------------------------------------------------------------------------------------- PCS 35.000 STRIKE PUT 01/1 Opt (Put) 862060106 1,480,000 1,600 ------------------------------------------------------------------------------------------------------- PCS 40.000 STRIKE PUT 01/1 Opt (Put) 862060106 3,116,250 2,250 ------------------------------------------------------------------------------------------------------- PCS 45.0 STRIKE CALL 01/18 Opt (Call) 862060106 320,000 2,000 ------------------------------------------------------------------------------------------------------- PDE 12.5 STRIKE PUT 04/20/ Opt (Put) 74153Q102 640,000 2,000 ------------------------------------------------------------------------------------------------------- PDE 15.0 STRIKE PUT 01/19/ Opt (Put) 74153Q102 1,500,000 3,000 ------------------------------------------------------------------------------------------------------- PDE 17.5 STRIKE PUT 01/19/ Opt (Put) 74153Q102 362,500 500 ------------------------------------------------------------------------------------------------------- PDE 22.5 STRIKE PUT 01/19/ Opt (Put) 74153Q102 854,000 700 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 15,863,516 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- -------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None -------------------------------------------------------------------------------------------------------------------- PAYCHEX INC X n/a X -------------------------------------------------------------------------------------------------------------------- PCLN 7.5 STRIKE PUT 01/19/ X n/a n/a -------------------------------------------------------------------------------------------------------------------- PCS 20.000 STRIKE PUT 01/1 X n/a n/a -------------------------------------------------------------------------------------------------------------------- PCS 25.0 STRIKE CALL 01/19 X n/a n/a -------------------------------------------------------------------------------------------------------------------- PCS 25.0 STRIKE PUT 01/17/ X n/a n/a -------------------------------------------------------------------------------------------------------------------- PCS 25.0 STRIKE PUT 01/18/ X n/a n/a -------------------------------------------------------------------------------------------------------------------- PCS 35.0 STRIKE CALL 01/18 X n/a n/a -------------------------------------------------------------------------------------------------------------------- PCS 35.000 STRIKE PUT 01/1 X n/a n/a -------------------------------------------------------------------------------------------------------------------- PCS 40.000 STRIKE PUT 01/1 X n/a n/a -------------------------------------------------------------------------------------------------------------------- PCS 45.0 STRIKE CALL 01/18 X n/a n/a -------------------------------------------------------------------------------------------------------------------- PDE 12.5 STRIKE PUT 04/20/ X n/a n/a -------------------------------------------------------------------------------------------------------------------- PDE 15.0 STRIKE PUT 01/19/ X n/a n/a -------------------------------------------------------------------------------------------------------------------- PDE 17.5 STRIKE PUT 01/19/ X n/a n/a -------------------------------------------------------------------------------------------------------------------- PDE 22.5 STRIKE PUT 01/19/ X n/a n/a -------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS --------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- PDLI 20.0 STRIKE PUT 02/16 Opt (Put) 74369L103 1,150,000 2,000 ------------------------------------------------------------------------------------------------------- PDLI 27.5 STRIKE PUT 02/16 Opt (Put) 74369L103 710,000 500 ------------------------------------------------------------------------------------------------------- PDLI 37.5 STRIKE PUT 02/16 Opt (Put) 74369L103 304,000 100 ------------------------------------------------------------------------------------------------------- PEDIATRIX MED GROUP Cmn 705324101 375,268 9,200 ------------------------------------------------------------------------------------------------------- PEGASUS COMMUNICATIONS Cmn 705904100 207,900 29,700 ------------------------------------------------------------------------------------------------------- PENNEY (J.C.) COMPAN 6% 05 Corp Bond 708160AH9 522,000 600 ------------------------------------------------------------------------------------------------------- PENNEY (J.C.) COMPAN 7.375 Corp Bond 708160BH8 10,756,330 11,089 ------------------------------------------------------------------------------------------------------- PENNEY (J.C.) COMPAN 7.4% Corp Bond 708160BS4 9,765,000 10,500 ------------------------------------------------------------------------------------------------------- PENNEY (J.C.) COMPAN 7.65% Corp Bond 708160BJ4 1,600,000 2,000 ------------------------------------------------------------------------------------------------------- PENNEY (J.C.) COMPAN 8.25% Corp Bond 708160BB1 3,320,000 4,000 ------------------------------------------------------------------------------------------------------- PENNEY J C INC Cmn 708160106 13,677,295 624,534 ------------------------------------------------------------------------------------------------------- PENNZOIL-QUAKER STATE 6.75 Corp Bond 709323AA7 3,825,000 4,500 ------------------------------------------------------------------------------------------------------- PENNZOIL-QUAKER STATE(NEW) Cmn 709323109 223,600 20,000 ------------------------------------------------------------------------------------------------------- PEOPLES ENERGY CORP Cmn 711030106 254,504 6,401 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 46,690,896 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- PDLI 20.0 STRIKE PUT 02/16 X n/a n/a --------------------------------------------------------------------------------------------------------------------- PDLI 27.5 STRIKE PUT 02/16 X n/a n/a --------------------------------------------------------------------------------------------------------------------- PDLI 37.5 STRIKE PUT 02/16 X n/a n/a --------------------------------------------------------------------------------------------------------------------- PEDIATRIX MED GROUP X n/a X --------------------------------------------------------------------------------------------------------------------- PEGASUS COMMUNICATIONS X n/a X --------------------------------------------------------------------------------------------------------------------- PENNEY (J.C.) COMPAN 6% 05 X n/a n/a --------------------------------------------------------------------------------------------------------------------- PENNEY (J.C.) COMPAN 7.375 X n/a n/a --------------------------------------------------------------------------------------------------------------------- PENNEY (J.C.) COMPAN 7.4% X n/a n/a --------------------------------------------------------------------------------------------------------------------- PENNEY (J.C.) COMPAN 7.65% X n/a n/a --------------------------------------------------------------------------------------------------------------------- PENNEY (J.C.) COMPAN 8.25% X n/a n/a --------------------------------------------------------------------------------------------------------------------- PENNEY J C INC X n/a X --------------------------------------------------------------------------------------------------------------------- PENNZOIL-QUAKER STATE 6.75 X n/a n/a --------------------------------------------------------------------------------------------------------------------- PENNZOIL-QUAKER STATE(NEW) X n/a X --------------------------------------------------------------------------------------------------------------------- PEOPLES ENERGY CORP X n/a X --------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ---------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- PEOPLESOFT INC Cmn 712713106 1,794,493 99,473 ------------------------------------------------------------------------------------------------------- PEPSI BOTTLING GROUP INC Cmn 713409100 1,191,739 25,868 ------------------------------------------------------------------------------------------------------- PEPSICO INC Cmn 713448108 18,719,206 385,963 ------------------------------------------------------------------------------------------------------- PEREGRINE SYSTEMS 5.5% CB Cnv Bnd 71366QAC5 22,319,669 26,475 ------------------------------------------------------------------------------------------------------- PEREGRINE SYSTEMS INC Cmn 71366Q101 465,627 36,867 ------------------------------------------------------------------------------------------------------- PERKINELMER INC Cmn 714046109 1,066,708 40,652 ------------------------------------------------------------------------------------------------------- PERKINELMER, INC 0% CB Cnv Bnd 714046AA7 58,482,669 112,132 ------------------------------------------------------------------------------------------------------- PETROLEUM GEO-SERVICES Cmn 716597109 412,650 65,500 ------------------------------------------------------------------------------------------------------- PFE 35.0 STRIKE PUT 01/19/ Opt (Put) 717081103 364,250 3,100 ------------------------------------------------------------------------------------------------------- PFIZER INC Cmn 717081103 54,330,367 1,354,872 ------------------------------------------------------------------------------------------------------- PG&E CORP Cmn 69331C108 1,263,196 83,105 ------------------------------------------------------------------------------------------------------- PG&E CORP 5.875% 10/01/200 Corp Bond 694308EW3 2,317,100 2,465 ------------------------------------------------------------------------------------------------------- PG&E CORP 6.25% 03/01/2004 Corp Bond 694308FA0 10,284,700 10,826 ------------------------------------------------------------------------------------------------------- PG&E CORP 6.25% 08/01/2003 Corp Bond 694308EU7 8,302,050 8,739 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 181,314,424 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- PEOPLESOFT INC X n/a X ---------------------------------------------------------------------------------------------------------------------- PEPSI BOTTLING GROUP INC X n/a X ---------------------------------------------------------------------------------------------------------------------- PEPSICO INC X n/a X ---------------------------------------------------------------------------------------------------------------------- PEREGRINE SYSTEMS 5.5% CB X n/a n/a ---------------------------------------------------------------------------------------------------------------------- PEREGRINE SYSTEMS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- PERKINELMER INC X n/a X ---------------------------------------------------------------------------------------------------------------------- PERKINELMER, INC 0% CB X n/a n/a ---------------------------------------------------------------------------------------------------------------------- PETROLEUM GEO-SERVICES X n/a X ---------------------------------------------------------------------------------------------------------------------- PFE 35.0 STRIKE PUT 01/19/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- PFIZER INC X n/a X ---------------------------------------------------------------------------------------------------------------------- PG&E CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- PG&E CORP 5.875% 10/01/200 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- PG&E CORP 6.25% 03/01/2004 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- PG&E CORP 6.25% 08/01/2003 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- PG&E CORP 7.25% 08/01/2026 Corp Bond 694308EV5 970,000 1,000 ------------------------------------------------------------------------------------------------------- PG&E CORP 7.875% 03/01/200 Corp Bond 694308EA1 1,261,000 1,300 ------------------------------------------------------------------------------------------------------- PG&E CORP 8.25% 11/01/2022 Corp Bond 694308EG8 892,780 911 ------------------------------------------------------------------------------------------------------- PG&E CORP 8.375% 05/01/202 Corp Bond 694308EF0 4,900,000 5,000 ------------------------------------------------------------------------------------------------------- PHARMACIA CORP Cmn 71713U102 11,661,608 287,515 ------------------------------------------------------------------------------------------------------- PHELPS DODGE CORP Cmn 717265102 1,563,953 56,871 ------------------------------------------------------------------------------------------------------- PHILIP MORRIS COS INC Cmn 718154107 22,793,170 472,006 ------------------------------------------------------------------------------------------------------- PHILLIPS PETE CO Cmn 718507106 3,926,886 72,801 ------------------------------------------------------------------------------------------------------- PHOTON DYNAMICS INC Cmn 719364101 347,921 15,029 ------------------------------------------------------------------------------------------------------- PHOTRONICS INC Cmn 719405102 242,322 13,134 ------------------------------------------------------------------------------------------------------- PINNACLE WEST Cmn 723484101 606,656 15,281 ------------------------------------------------------------------------------------------------------- PITNEY BOWES INC Cmn 724479100 2,384,711 62,427 ------------------------------------------------------------------------------------------------------- PLACER DOME INC Cmn 725906101 773,552 60,481 ------------------------------------------------------------------------------------------------------- PLAINS RESOURCES INC Cmn 726540503 1,536,600 59,100 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 53,861,159 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ------------------------------------------------------------------------------------------------------------------------ PG&E CORP 7.25% 08/01/2026 X n/a n/a ------------------------------------------------------------------------------------------------------------------------ PG&E CORP 7.875% 03/01/200 X n/a n/a ------------------------------------------------------------------------------------------------------------------------ PG&E CORP 8.25% 11/01/2022 X n/a n/a ------------------------------------------------------------------------------------------------------------------------ PG&E CORP 8.375% 05/01/202 X n/a n/a ------------------------------------------------------------------------------------------------------------------------ PHARMACIA CORP X n/a X ------------------------------------------------------------------------------------------------------------------------ PHELPS DODGE CORP X n/a X ------------------------------------------------------------------------------------------------------------------------ PHILIP MORRIS COS INC X n/a X ------------------------------------------------------------------------------------------------------------------------ PHILLIPS PETE CO X n/a X ------------------------------------------------------------------------------------------------------------------------ PHOTON DYNAMICS INC X n/a X ------------------------------------------------------------------------------------------------------------------------ PHOTRONICS INC X n/a X ------------------------------------------------------------------------------------------------------------------------ PINNACLE WEST X n/a X ------------------------------------------------------------------------------------------------------------------------ PITNEY BOWES INC X n/a X ------------------------------------------------------------------------------------------------------------------------ PLACER DOME INC X n/a X ------------------------------------------------------------------------------------------------------------------------ PLAINS RESOURCES INC X n/a X ------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- PLEXUS CORP Cmn 729132100 385,226 16,337 ------------------------------------------------------------------------------------------------------- PLUM CREEK TIMBER INC -LP Cmn 729251108 769,248 28,800 ------------------------------------------------------------------------------------------------------- PMC - SIERRA SEMICONDUCTOR Cmn 69344F106 736,903 71,753 ------------------------------------------------------------------------------------------------------- PNC FINANCIAL SERVICES Cmn 693475105 4,651,734 81,253 ------------------------------------------------------------------------------------------------------- POLAROID CORP 11.5% 02/15/ Corp Bond 731095AF2 275,000 2,750 ------------------------------------------------------------------------------------------------------- POLAROID CORP. 6.75% MTN D Corp Bond 73109PAA9 450,000 4,500 ------------------------------------------------------------------------------------------------------- POLYCOM INC Cmn 73172K104 463,420 19,016 ------------------------------------------------------------------------------------------------------- POTASH CORP OF SASKATCHEWAN Cmn 73755L107 874,333 15,700 ------------------------------------------------------------------------------------------------------- POWER INTEGRATIONS INC Cmn 739276103 192,476 10,564 ------------------------------------------------------------------------------------------------------- POWER-ONE INC Cmn 739308104 104,390 16,974 ------------------------------------------------------------------------------------------------------- PPG INDS INC Cmn 693506107 1,987,655 43,446 ------------------------------------------------------------------------------------------------------- PPL 7.75% MAN DUE 5/18/04 Perc 69352F204 881,062 48,100 ------------------------------------------------------------------------------------------------------- PPL CORPORATION Cmn 69351T106 2,155,316 66,114 ------------------------------------------------------------------------------------------------------- PRAXAIR INC Cmn 74005P104 1,211,406 28,843 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 15,138,170 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- PLEXUS CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- PLUM CREEK TIMBER INC -LP X n/a X ---------------------------------------------------------------------------------------------------------------------- PMC - SIERRA SEMICONDUCTOR X n/a X ---------------------------------------------------------------------------------------------------------------------- PNC FINANCIAL SERVICES X n/a X ---------------------------------------------------------------------------------------------------------------------- POLAROID CORP 11.5% 02/15/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- POLAROID CORP. 6.75% MTN D X n/a n/a ---------------------------------------------------------------------------------------------------------------------- POLYCOM INC X n/a X ---------------------------------------------------------------------------------------------------------------------- POTASH CORP OF SASKATCHEWAN X n/a X ---------------------------------------------------------------------------------------------------------------------- POWER INTEGRATIONS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- POWER-ONE INC X n/a X ---------------------------------------------------------------------------------------------------------------------- PPG INDS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- PPL 7.75% MAN DUE 5/18/04 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- PPL CORPORATION X n/a X ---------------------------------------------------------------------------------------------------------------------- PRAXAIR INC X n/a X ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- PRI AUTOMATION, INC. Cmn 69357H106 157,314 15,700 ------------------------------------------------------------------------------------------------------- PRICE (T. ROWE) GROUP Cmn 74144T108 1,277,627 43,605 ------------------------------------------------------------------------------------------------------- PRICE COMMUNICATIONS CORP Cmn 741437305 1,257,690 74,200 ------------------------------------------------------------------------------------------------------- PRICELINE.COM INC. Cmn 741503106 520,367 137,300 ------------------------------------------------------------------------------------------------------- PRIDE INTERNATIONAL 0% CB Cnv Bnd 741932AE7 29,191,980 50,331 ------------------------------------------------------------------------------------------------------- PRIDE INTERNATIONAL INC Cmn 74153Q102 479,440 46,100 ------------------------------------------------------------------------------------------------------- PRIME GROUP REALTY TRUST Cmn 74158J103 3,153,605 263,900 ------------------------------------------------------------------------------------------------------- PRIMEDIA INC 8.875% 05/15/ Corp Bond 74157KAD3 360,000 500 ------------------------------------------------------------------------------------------------------- PRIMEDIA INC Cmn 74157K101 37,600 16,000 ------------------------------------------------------------------------------------------------------- PROCTER & GAMBLE CO Cmn 742718109 20,394,157 280,178 ------------------------------------------------------------------------------------------------------- PROGRESS ENERGY INC Cmn 743263105 1,679,705 39,072 ------------------------------------------------------------------------------------------------------- PROGRESSIVE CORP-OHIO Cmn 743315103 3,237,836 24,181 ------------------------------------------------------------------------------------------------------- PROTEIN DESIGN LABS 5.5% 2 Cnv Bnd 74369LAB9 20,767,917 22,021 ------------------------------------------------------------------------------------------------------- PROTEIN DESIGN LABS INC Cmn 74369L103 372,834 7,894 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 82,888,071 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- PRI AUTOMATION, INC. X n/a X ---------------------------------------------------------------------------------------------------------------------- PRICE (T. ROWE) GROUP X n/a X ---------------------------------------------------------------------------------------------------------------------- PRICE COMMUNICATIONS CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- PRICELINE.COM INC. X n/a X ---------------------------------------------------------------------------------------------------------------------- PRIDE INTERNATIONAL 0% CB X n/a n/a ---------------------------------------------------------------------------------------------------------------------- PRIDE INTERNATIONAL INC X n/a X ---------------------------------------------------------------------------------------------------------------------- PRIME GROUP REALTY TRUST X n/a X ---------------------------------------------------------------------------------------------------------------------- PRIMEDIA INC 8.875% 05/15/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- PRIMEDIA INC X n/a X ---------------------------------------------------------------------------------------------------------------------- PROCTER & GAMBLE CO X n/a X ---------------------------------------------------------------------------------------------------------------------- PROGRESS ENERGY INC X n/a X ---------------------------------------------------------------------------------------------------------------------- PROGRESSIVE CORP-OHIO X n/a X ---------------------------------------------------------------------------------------------------------------------- PROTEIN DESIGN LABS 5.5% 2 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- PROTEIN DESIGN LABS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- PROVIDIAN FINANCIAL CORP 3 Cnv Bnd 74406AAA0 2,141,493 3,250 ------------------------------------------------------------------------------------------------------- PROVIDIAN FINANCIAL CORP. Cmn 74406A102 15,322,926 760,443 ------------------------------------------------------------------------------------------------------- PROVINCE HEALTHCARE 4.5% C Cnv Bnd 743977AC4 3,411,486 2,962 ------------------------------------------------------------------------------------------------------- PROXYMED PHARMACY INC Cmn 744290305 344,678 26,112 ------------------------------------------------------------------------------------------------------- PUBLIC SVC ENTERPRISES Cmn 744573106 2,335,357 54,885 ------------------------------------------------------------------------------------------------------- PULTE HOMES INC Cmn 745867101 854,737 27,887 ------------------------------------------------------------------------------------------------------- PVN 30.0 STRIKE PUT 01/18/ Opt (Put) 74406A102 1,785,000 1,500 ------------------------------------------------------------------------------------------------------- PVN 32.5 STRIKE PUT 01/19/ Opt (Put) 74406A102 1,841,500 1,450 ------------------------------------------------------------------------------------------------------- PVN 35.0 STRIKE PUT 01/18/ Opt (Put) 74406A102 400,000 250 ------------------------------------------------------------------------------------------------------- PVN 35.0 STRIKE PUT 01/19/ Opt (Put) 74406A102 2,980,000 2,000 ------------------------------------------------------------------------------------------------------- PVN 40.0 STRIKE PUT 01/19/ Opt (Put) 74406A102 3,980,000 2,000 ------------------------------------------------------------------------------------------------------- Q 20.0 STRIKE PUT 01/18/20 Opt (Put) 749121109 1,230,000 2,000 ------------------------------------------------------------------------------------------------------- Q 25.0 STRIKE PUT 01/18/20 Opt (Put) 749121109 2,925,000 3,000 ------------------------------------------------------------------------------------------------------- Q 30.0 STRIKE PUT 01/18/20 Opt (Put) 749121109 2,780,000 2,000 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 42,332,178 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- PROVIDIAN FINANCIAL CORP 3 X n/a n/a --------------------------------------------------------------------------------------------------------------------- PROVIDIAN FINANCIAL CORP. X n/a X --------------------------------------------------------------------------------------------------------------------- PROVINCE HEALTHCARE 4.5% C X n/a n/a --------------------------------------------------------------------------------------------------------------------- PROXYMED PHARMACY INC X n/a X --------------------------------------------------------------------------------------------------------------------- PUBLIC SVC ENTERPRISES X n/a X --------------------------------------------------------------------------------------------------------------------- PULTE HOMES INC X n/a X --------------------------------------------------------------------------------------------------------------------- PVN 30.0 STRIKE PUT 01/18/ X n/a n/a --------------------------------------------------------------------------------------------------------------------- PVN 32.5 STRIKE PUT 01/19/ X n/a n/a --------------------------------------------------------------------------------------------------------------------- PVN 35.0 STRIKE PUT 01/18/ X n/a n/a --------------------------------------------------------------------------------------------------------------------- PVN 35.0 STRIKE PUT 01/19/ X n/a n/a --------------------------------------------------------------------------------------------------------------------- PVN 40.0 STRIKE PUT 01/19/ X n/a n/a --------------------------------------------------------------------------------------------------------------------- Q 20.0 STRIKE PUT 01/18/20 X n/a n/a --------------------------------------------------------------------------------------------------------------------- Q 25.0 STRIKE PUT 01/18/20 X n/a n/a --------------------------------------------------------------------------------------------------------------------- Q 30.0 STRIKE PUT 01/18/20 X n/a n/a --------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ---------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- Q 30.000 STRIKE PUT 01/19/ Opt (Put) 749121109 1,340,000 1,000 ------------------------------------------------------------------------------------------------------- Q 35.000 STRIKE PUT 01/18/ Opt (Put) 749121109 1,850,000 1,000 ------------------------------------------------------------------------------------------------------- Q 35.000 STRIKE PUT 01/19/ Opt (Put) 749121109 1,830,000 1,000 ------------------------------------------------------------------------------------------------------- QCOM 50.0 STRIKE PUT 01/18 Opt (Put) 749121109 1,440,000 1,000 ------------------------------------------------------------------------------------------------------- QLOGIC CORP Cmn 747277101 580,393 30,547 ------------------------------------------------------------------------------------------------------- QUALCOMM INC Cmn 747525103 8,654,609 182,049 ------------------------------------------------------------------------------------------------------- QUEST SOFTWARE INC Cmn 74834T103 300,466 25,947 ------------------------------------------------------------------------------------------------------- QUINTILES TRANSNATIONAL Cmn 748767100 306,775 21,012 ------------------------------------------------------------------------------------------------------- QWEST COMM TRENDS 5.75% D Perc 74912L105 852,825 24,900 ------------------------------------------------------------------------------------------------------- QWEST COMMUNICATIONS Cmn 749121109 16,691,416 999,486 ------------------------------------------------------------------------------------------------------- RADIAN GROUP INC Cmn 750236101 231,000 6,000 ------------------------------------------------------------------------------------------------------- RADIOSHACK CORP Cmn 750438103 808,374 33,335 ------------------------------------------------------------------------------------------------------- RALSTON PURINA CO Cmn 751277302 143,443,026 4,373,263 ------------------------------------------------------------------------------------------------------- RATIONAL SOFTWARE 5% CB Cnv Bnd 75409PAC7 28,981,139 39,528 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 207,310,024 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ----------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ----------------------------------------------------------------------------------------------------------------------- Q 30.000 STRIKE PUT 01/19/ X n/a n/a ----------------------------------------------------------------------------------------------------------------------- Q 35.000 STRIKE PUT 01/18/ X n/a n/a ----------------------------------------------------------------------------------------------------------------------- Q 35.000 STRIKE PUT 01/19/ X n/a n/a ----------------------------------------------------------------------------------------------------------------------- QCOM 50.0 STRIKE PUT 01/18 X n/a n/a ----------------------------------------------------------------------------------------------------------------------- QLOGIC CORP X n/a X ----------------------------------------------------------------------------------------------------------------------- QUALCOMM INC X n/a X ----------------------------------------------------------------------------------------------------------------------- QUEST SOFTWARE INC X n/a X ----------------------------------------------------------------------------------------------------------------------- QUINTILES TRANSNATIONAL X n/a X ----------------------------------------------------------------------------------------------------------------------- QWEST COMM TRENDS 5.75% D X n/a n/a ----------------------------------------------------------------------------------------------------------------------- QWEST COMMUNICATIONS X n/a X ----------------------------------------------------------------------------------------------------------------------- RADIAN GROUP INC X n/a X ----------------------------------------------------------------------------------------------------------------------- RADIOSHACK CORP X n/a X ----------------------------------------------------------------------------------------------------------------------- RALSTON PURINA CO X n/a X ----------------------------------------------------------------------------------------------------------------------- RATIONAL SOFTWARE 5% CB X n/a n/a ----------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS -----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- RATL 25.0 STRIKE PUT 01/18 Opt (Put) 75409P202 835,000 500 ------------------------------------------------------------------------------------------------------- RAYMOND JAMES FINANCIAL Cmn 754730109 211,770 7,800 ------------------------------------------------------------------------------------------------------- RAYTHEON COMPANY Cmn 755111507 3,471,629 99,903 ------------------------------------------------------------------------------------------------------- RCL 17.5 STRIKE PUT 03/16/ Opt (Put) V7780T103 365,000 500 ------------------------------------------------------------------------------------------------------- RCL 17.5 STRIKE PUT 12/22/ Opt (Put) V7780T103 1,400,000 2,000 ------------------------------------------------------------------------------------------------------- RCL 20.0 STRIKE PUT 12/22/ Opt (Put) V7780T103 2,557,500 2,750 ------------------------------------------------------------------------------------------------------- RCN CORP 0% 10/15/2007 Corp Bond 749361AD3 7,992,960 34,752 ------------------------------------------------------------------------------------------------------- RCN CORP CMN STOCK Cmn 749361101 1,635,782 511,182 ------------------------------------------------------------------------------------------------------- REEBOK INTL LTD Cmn 758110100 579,600 28,000 ------------------------------------------------------------------------------------------------------- REGENERON PHARMACEUT Cmn 75886F107 222,356 9,998 ------------------------------------------------------------------------------------------------------- REGIONS FINANCIAL CORP. CO Cmn 758940100 2,161,816 74,907 ------------------------------------------------------------------------------------------------------- RELIANT ENERGY Cmn 75952J108 2,330,899 88,560 ------------------------------------------------------------------------------------------------------- RELIANT RESOURCES, INC. Cmn 75952B105 1,419,120 87,600 ------------------------------------------------------------------------------------------------------- RENAL CARE GROUP INC Cmn 759930100 409,118 13,296 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 25,592,550 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- RATL 25.0 STRIKE PUT 01/18 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- RAYMOND JAMES FINANCIAL X n/a X ---------------------------------------------------------------------------------------------------------------------- RAYTHEON COMPANY X n/a X ---------------------------------------------------------------------------------------------------------------------- RCL 17.5 STRIKE PUT 03/16/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- RCL 17.5 STRIKE PUT 12/22/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- RCL 20.0 STRIKE PUT 12/22/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- RCN CORP 0% 10/15/2007 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- RCN CORP CMN STOCK X n/a X ---------------------------------------------------------------------------------------------------------------------- REEBOK INTL LTD X n/a X ---------------------------------------------------------------------------------------------------------------------- REGENERON PHARMACEUT X n/a X ---------------------------------------------------------------------------------------------------------------------- REGIONS FINANCIAL CORP. CO X n/a X ---------------------------------------------------------------------------------------------------------------------- RELIANT ENERGY X n/a X ---------------------------------------------------------------------------------------------------------------------- RELIANT RESOURCES, INC. X n/a X ---------------------------------------------------------------------------------------------------------------------- RENAL CARE GROUP INC X n/a X ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- REPUBLIC SERVICES Cmn 760759100 494,100 30,500 ------------------------------------------------------------------------------------------------------- RESMED INC 4% CB DUE 6/20/ Cnv Bnd 761152AA5 1,021,764 1,000 ------------------------------------------------------------------------------------------------------- RETEK INC Cmn 76128Q109 476,607 37,766 ------------------------------------------------------------------------------------------------------- REVLON INC 8.625% DUE 2/1/ Corp Bond 761519AN7 225,000 500 ------------------------------------------------------------------------------------------------------- RF MICRO DEVICES 3.75% REG Cnv Bnd 749941AB6 17,819,450 23,224 ------------------------------------------------------------------------------------------------------- RFMD 20.0 STRIKE PUT 02/16 Opt (Put) 749941100 332,500 500 ------------------------------------------------------------------------------------------------------- RHYTHMS NETCONNECTIO 12.75 Corp Bond 762430AE6 1,200,000 10,000 ------------------------------------------------------------------------------------------------------- RHYTHMS NETCONNECTIONS INC Cmn 762430205 452 37,700 ------------------------------------------------------------------------------------------------------- ROBERT HALF INTL INC CMN S Cmn 770323103 1,210,945 60,517 ------------------------------------------------------------------------------------------------------- ROCHE INTO DNA 0% DUE 1/19 Cnv Bnd 771196AG7 39,882,472 56,000 ------------------------------------------------------------------------------------------------------- ROCKWELL COLLINS Cmn 774341101 556,768 39,209 ------------------------------------------------------------------------------------------------------- ROCKWELL INTL CORP Cmn 773903109 482,370 32,859 ------------------------------------------------------------------------------------------------------- ROGERS WIRELESS COMMN Cmn 775315104 218,325 20,500 ------------------------------------------------------------------------------------------------------- ROHM & HAAS CO Cmn 775371107 1,298,377 39,633 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 65,219,131 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- REPUBLIC SERVICES X n/a X --------------------------------------------------------------------------------------------------------------------- RESMED INC 4% CB DUE 6/20/ X n/a n/a --------------------------------------------------------------------------------------------------------------------- RETEK INC X n/a X --------------------------------------------------------------------------------------------------------------------- REVLON INC 8.625% DUE 2/1/ X n/a n/a --------------------------------------------------------------------------------------------------------------------- RF MICRO DEVICES 3.75% REG X n/a n/a --------------------------------------------------------------------------------------------------------------------- RFMD 20.0 STRIKE PUT 02/16 X n/a n/a --------------------------------------------------------------------------------------------------------------------- RHYTHMS NETCONNECTIO 12.75 X n/a n/a --------------------------------------------------------------------------------------------------------------------- RHYTHMS NETCONNECTIONS INC X n/a X --------------------------------------------------------------------------------------------------------------------- ROBERT HALF INTL INC CMN S X n/a X --------------------------------------------------------------------------------------------------------------------- ROCHE INTO DNA 0% DUE 1/19 X n/a n/a --------------------------------------------------------------------------------------------------------------------- ROCKWELL COLLINS X n/a X --------------------------------------------------------------------------------------------------------------------- ROCKWELL INTL CORP X n/a X --------------------------------------------------------------------------------------------------------------------- ROGERS WIRELESS COMMN X n/a X --------------------------------------------------------------------------------------------------------------------- ROHM & HAAS CO X n/a X --------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ---------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- ROWAN COS INC Cmn 779382100 210,460 17,000 ------------------------------------------------------------------------------------------------------- ROYAL CARIBBEAN 0% CB Cnv Bnd 780153AM4 8,650,377 28,500 ------------------------------------------------------------------------------------------------------- ROYAL CARIBBEAN CRUISES 0% Cnv Bnd 780153AK8 18,133,200 67,160 ------------------------------------------------------------------------------------------------------- ROYAL CARIBBEAN CRUISES LT Cmn V7780T103 114,811 10,700 ------------------------------------------------------------------------------------------------------- ROYAL DUTCH PETRO NY Cmn 780257804 21,980,858 437,430 ------------------------------------------------------------------------------------------------------- RSA SECURITY INC Cmn 749719100 503,000 37,370 ------------------------------------------------------------------------------------------------------- RSL COMMUNICATIONS PLC 9.1 Corp Bond 74972EAC2 128,500 12,850 ------------------------------------------------------------------------------------------------------- RYDER SYS INC Cmn 783549108 516,901 25,858 ------------------------------------------------------------------------------------------------------- RYERSON TULL INC Cmn 78375P107 7,782,255 620,100 ------------------------------------------------------------------------------------------------------- RYLAND GROUP 9.75% DUE 9/1 Corp Bond 783764AF0 1,005,000 1,000 ------------------------------------------------------------------------------------------------------- RYLAND GROUP INC Cmn 783764103 324,292 6,800 ------------------------------------------------------------------------------------------------------- S1 CORPORATION Cmn 78463B101 88,728 10,488 ------------------------------------------------------------------------------------------------------- SABRE HOLDINGS CORP Cmn 785905100 639,139 23,902 ------------------------------------------------------------------------------------------------------- SAFECO CORP Cmn 786429100 733,986 24,200 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 60,811,508 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- ROWAN COS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- ROYAL CARIBBEAN 0% CB X n/a n/a ---------------------------------------------------------------------------------------------------------------------- ROYAL CARIBBEAN CRUISES 0% X n/a n/a ---------------------------------------------------------------------------------------------------------------------- ROYAL CARIBBEAN CRUISES LT X n/a X ---------------------------------------------------------------------------------------------------------------------- ROYAL DUTCH PETRO NY X n/a X ---------------------------------------------------------------------------------------------------------------------- RSA SECURITY INC X n/a X ---------------------------------------------------------------------------------------------------------------------- RSL COMMUNICATIONS PLC 9.1 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- RYDER SYS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- RYERSON TULL INC X n/a X ---------------------------------------------------------------------------------------------------------------------- RYLAND GROUP 9.75% DUE 9/1 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- RYLAND GROUP INC X n/a X ---------------------------------------------------------------------------------------------------------------------- S1 CORPORATION X n/a X ---------------------------------------------------------------------------------------------------------------------- SABRE HOLDINGS CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- SAFECO CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- SAFEWAY INC Cmn 786514208 4,311,209 108,540 ------------------------------------------------------------------------------------------------------- SANDISK CORP Cmn 80004C101 326,376 33,101 ------------------------------------------------------------------------------------------------------- SANM 30.0 STRIKE PUT 01/19 Opt (Put) 800907107 1,503,000 900 ------------------------------------------------------------------------------------------------------- SANM 35.0 STRIKE PUT 01/18 Opt (Put) 800907107 492,800 220 ------------------------------------------------------------------------------------------------------- SANM 35.0 STRIKE PUT 01/19 Opt (Put) 800907107 10,900,000 5,000 ------------------------------------------------------------------------------------------------------- SANM 40.0 STRIKE PUT 01/18 Opt (Put) 800907107 1,365,000 500 ------------------------------------------------------------------------------------------------------- SANMINA-SCI CORP 0% CB DUE Cnv Bnd 800907AD9 3,662,833 10,550 ------------------------------------------------------------------------------------------------------- SANMINA-SCI CORP Cmn 800907107 7,199,057 530,122 ------------------------------------------------------------------------------------------------------- SAPIENT CORP Cmn 803062108 101,540 26,374 ------------------------------------------------------------------------------------------------------- SARA LEE CORP Cmn 803111103 3,114,507 146,221 ------------------------------------------------------------------------------------------------------- SBC 35.0 STRIKE PUT 01/18/ Opt (Put) 78387G103 280,000 1,400 ------------------------------------------------------------------------------------------------------- SBC COMMUNICATIONS 6.25% D Corp Bond 78387GAD5 25,500,000 25,000 ------------------------------------------------------------------------------------------------------- SBC COMMUNICATIONS INC Cmn 78387G103 33,183,930 704,243 ------------------------------------------------------------------------------------------------------- SBC COMMUNICATIONS INC 5.7 Corp Bond 78387GAF0 10,360,000 10,000 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 102,300,252 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- SAFEWAY INC X n/a X --------------------------------------------------------------------------------------------------------------------- SANDISK CORP X n/a X --------------------------------------------------------------------------------------------------------------------- SANM 30.0 STRIKE PUT 01/19 X n/a n/a --------------------------------------------------------------------------------------------------------------------- SANM 35.0 STRIKE PUT 01/18 X n/a n/a --------------------------------------------------------------------------------------------------------------------- SANM 35.0 STRIKE PUT 01/19 X n/a n/a --------------------------------------------------------------------------------------------------------------------- SANM 40.0 STRIKE PUT 01/18 X n/a n/a --------------------------------------------------------------------------------------------------------------------- SANMINA-SCI CORP 0% CB DUE X n/a n/a --------------------------------------------------------------------------------------------------------------------- SANMINA-SCI CORP X n/a X --------------------------------------------------------------------------------------------------------------------- SAPIENT CORP X n/a X --------------------------------------------------------------------------------------------------------------------- SARA LEE CORP X n/a X --------------------------------------------------------------------------------------------------------------------- SBC 35.0 STRIKE PUT 01/18/ X n/a n/a --------------------------------------------------------------------------------------------------------------------- SBC COMMUNICATIONS 6.25% D X n/a n/a --------------------------------------------------------------------------------------------------------------------- SBC COMMUNICATIONS INC X n/a X --------------------------------------------------------------------------------------------------------------------- SBC COMMUNICATIONS INC 5.7 X n/a n/a --------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ---------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- SCECORP 5.625% 10/01/2002 Corp Bond 842400DK6 4,157,620 4,423 ------------------------------------------------------------------------------------------------------- SCECORP 6.25% 06/15/2003 S Corp Bond 842400DF7 1,660,050 1,785 ------------------------------------------------------------------------------------------------------- SCHERING PLOUGH CORP Cmn 806605101 11,651,032 314,044 ------------------------------------------------------------------------------------------------------- SCHLUMBERGER LTD Cmn 806857108 6,198,702 135,639 ------------------------------------------------------------------------------------------------------- SCHWAB CHARLES CORP NEW Cmn 808513105 3,714,903 323,035 ------------------------------------------------------------------------------------------------------- SCIENTIFIC ATLANTA INC Cmn 808655104 513,267 29,246 ------------------------------------------------------------------------------------------------------- SEACHANGE INTL INC Cmn 811699107 299,086 17,120 ------------------------------------------------------------------------------------------------------- SEALED AIR CORP Cmn 81211K100 550,744 15,093 ------------------------------------------------------------------------------------------------------- SEARS ROEBUCK & CO Cmn 812387108 3,776,972 109,035 ------------------------------------------------------------------------------------------------------- SEBL 35.0 STRIKE PUT 01/18 Opt (Put) 826170102 2,736,000 1,200 ------------------------------------------------------------------------------------------------------- SEI CORP CMN STK Cmn 784117103 379,552 11,861 ------------------------------------------------------------------------------------------------------- SEMCO ENERGY 11% MAND Perc 78412D307 8,244,639 735,800 ------------------------------------------------------------------------------------------------------- SEMPRA ENERGY Cmn 816851109 917,854 37,085 ------------------------------------------------------------------------------------------------------- SEMTECH 4.5% CB Cnv Bnd 816850AD3 9,375,406 9,989 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 54,175,827 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- SCECORP 5.625% 10/01/2002 X n/a n/a --------------------------------------------------------------------------------------------------------------------- SCECORP 6.25% 06/15/2003 S X n/a n/a --------------------------------------------------------------------------------------------------------------------- SCHERING PLOUGH CORP X n/a X --------------------------------------------------------------------------------------------------------------------- SCHLUMBERGER LTD X n/a X --------------------------------------------------------------------------------------------------------------------- SCHWAB CHARLES CORP NEW X n/a X --------------------------------------------------------------------------------------------------------------------- SCIENTIFIC ATLANTA INC X n/a X --------------------------------------------------------------------------------------------------------------------- SEACHANGE INTL INC X n/a X --------------------------------------------------------------------------------------------------------------------- SEALED AIR CORP X n/a X --------------------------------------------------------------------------------------------------------------------- SEARS ROEBUCK & CO X n/a X --------------------------------------------------------------------------------------------------------------------- SEBL 35.0 STRIKE PUT 01/18 X n/a n/a --------------------------------------------------------------------------------------------------------------------- SEI CORP CMN STK X n/a X --------------------------------------------------------------------------------------------------------------------- SEMCO ENERGY 11% MAND X n/a n/a --------------------------------------------------------------------------------------------------------------------- SEMPRA ENERGY X n/a X --------------------------------------------------------------------------------------------------------------------- SEMTECH 4.5% CB X n/a n/a --------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ---------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- SEMTECH CORP Cmn 816850101 468,696 16,515 ------------------------------------------------------------------------------------------------------- SEPR 30.0 STRIKE PUT 01/19 Opt (Put) 817315104 542,500 1,750 ------------------------------------------------------------------------------------------------------- SEPR 35.0 STRIKE PUT 01/19 Opt (Put) 817315104 267,500 500 ------------------------------------------------------------------------------------------------------- SEPR 40.0 STRIKE PUT 01/19 Opt (Put) 817315104 1,385,500 1,700 ------------------------------------------------------------------------------------------------------- SEPR 45.0 STRIKE PUT 01/19 Opt (Put) 817315104 1,170,000 1,000 ------------------------------------------------------------------------------------------------------- SEPR 50.0 STRIKE PUT 01/19 Opt (Put) 817315104 780,000 500 ------------------------------------------------------------------------------------------------------- SEPR 55.0 STRIKE PUT 01/18 Opt (Put) 817315104 5,388,750 2,250 ------------------------------------------------------------------------------------------------------- SEPR 55.0 STRIKE PUT 01/19 Opt (Put) 817315104 1,990,000 1,000 ------------------------------------------------------------------------------------------------------- SEPR 80.0 STRIKE PUT 01/19 Opt (Put) 817315104 441,000 100 ------------------------------------------------------------------------------------------------------- SEPR 85.0 STRIKE PUT 01/19 Opt (Put) 817315104 1,473,000 300 ------------------------------------------------------------------------------------------------------- SEPR 90.0 STRIKE PUT 01/19 Opt (Put) 817315104 2,705,000 500 ------------------------------------------------------------------------------------------------------- SEPRACOR INC 7% CB DUE 12/ Cnv Bnd 817315AH7 8,023,966 9,700 ------------------------------------------------------------------------------------------------------- SEPRACOR INC CMN STK Cmn 817315104 10,574,812 294,563 ------------------------------------------------------------------------------------------------------- SGR 30.0 STRIKE PUT 01/18/ Opt (Put) 820280105 305,250 370 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 35,515,974 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- SEMTECH CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- SEPR 30.0 STRIKE PUT 01/19 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- SEPR 35.0 STRIKE PUT 01/19 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- SEPR 40.0 STRIKE PUT 01/19 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- SEPR 45.0 STRIKE PUT 01/19 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- SEPR 50.0 STRIKE PUT 01/19 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- SEPR 55.0 STRIKE PUT 01/18 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- SEPR 55.0 STRIKE PUT 01/19 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- SEPR 80.0 STRIKE PUT 01/19 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- SEPR 85.0 STRIKE PUT 01/19 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- SEPR 90.0 STRIKE PUT 01/19 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- SEPRACOR INC 7% CB DUE 12/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- SEPRACOR INC CMN STK X n/a X ---------------------------------------------------------------------------------------------------------------------- SGR 30.0 STRIKE PUT 01/18/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- SGR 40.0 STRIKE PUT 10/20/ Opt (Put) 820280105 892,500 750 ------------------------------------------------------------------------------------------------------- SGR 45.0 STRIKE PUT 01/19/ Opt (Put) 820280105 1,118,000 650 ------------------------------------------------------------------------------------------------------- SHAW COMMUNICATIONS INC Cmn 82028K200 222,750 11,000 ------------------------------------------------------------------------------------------------------- SHAW GROUP 0% CB DUE 5/1/2 Cnv Bnd 820280AC9 7,336,802 13,685 ------------------------------------------------------------------------------------------------------- SHAW GROUP INC Cmn 820280105 2,873,340 102,000 ------------------------------------------------------------------------------------------------------- SHERWIN-WILLIAMS Cmn 824348106 806,675 36,304 ------------------------------------------------------------------------------------------------------- SHIRE ACQUISITION INC -SP Cmn 82481R106 650,845 16,150 ------------------------------------------------------------------------------------------------------- SIEBEL SYS INC Cmn 826170102 2,956,640 227,259 ------------------------------------------------------------------------------------------------------- SIGMA ALDRICH CORP Cmn 826552101 616,302 13,635 ------------------------------------------------------------------------------------------------------- SILGAN HOLDINGS Cmn 827048109 259,860 14,200 ------------------------------------------------------------------------------------------------------- SILICON LABORATORIES INC Cmn 826919102 277,179 20,100 ------------------------------------------------------------------------------------------------------- SINCLAIR BROADCASTING GRP Cmn 829226109 450,554 55,900 ------------------------------------------------------------------------------------------------------- SIX FLAGS INC Cmn 83001P109 1,662,057 135,900 ------------------------------------------------------------------------------------------------------- SKILLSOFT CORP Cmn 83066P101 270,973 16,957 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 20,394,477 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ------------------------------------------------------------------------------------------------------------------------ SGR 40.0 STRIKE PUT 10/20/ X n/a n/a ------------------------------------------------------------------------------------------------------------------------ SGR 45.0 STRIKE PUT 01/19/ X n/a n/a ------------------------------------------------------------------------------------------------------------------------ SHAW COMMUNICATIONS INC X n/a X ------------------------------------------------------------------------------------------------------------------------ SHAW GROUP 0% CB DUE 5/1/2 X n/a n/a ------------------------------------------------------------------------------------------------------------------------ SHAW GROUP INC X n/a X ------------------------------------------------------------------------------------------------------------------------ SHERWIN-WILLIAMS X n/a X ------------------------------------------------------------------------------------------------------------------------ SHIRE ACQUISITION INC -SP X n/a X ------------------------------------------------------------------------------------------------------------------------ SIEBEL SYS INC X n/a X ------------------------------------------------------------------------------------------------------------------------ SIGMA ALDRICH CORP X n/a X ------------------------------------------------------------------------------------------------------------------------ SILGAN HOLDINGS X n/a X ------------------------------------------------------------------------------------------------------------------------ SILICON LABORATORIES INC X n/a X ------------------------------------------------------------------------------------------------------------------------ SINCLAIR BROADCASTING GRP X n/a X ------------------------------------------------------------------------------------------------------------------------ SIX FLAGS INC X n/a X ------------------------------------------------------------------------------------------------------------------------ SKILLSOFT CORP X n/a X ------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- SLR 15.0 STRIKE CALL 01/18 Opt (Call) 834182107 265,000 1,000 ------------------------------------------------------------------------------------------------------- SLR 15.0 STRIKE PUT 01/18/ Opt (Put) 834182107 7,918,000 14,800 ------------------------------------------------------------------------------------------------------- SLR 17.5 STRIKE PUT 01/18/ Opt (Put) 834182107 4,350,000 6,000 ------------------------------------------------------------------------------------------------------- SLR 20.0 STRIKE CALL 01/18 Opt (Call) 834182107 295,000 2,000 ------------------------------------------------------------------------------------------------------- SLR 20.0 STRIKE PUT 01/18/ Opt (Put) 834182107 4,575,000 5,000 ------------------------------------------------------------------------------------------------------- SLR 25.0 STRIKE PUT 01/18/ Opt (Put) 834182107 3,767,500 2,750 ------------------------------------------------------------------------------------------------------- SLR 27.5 STRIKE PUT 01/19/ Opt (Put) 834182107 785,000 500 ------------------------------------------------------------------------------------------------------- SLR 30.0 STRIKE PUT 01/18/ Opt (Put) 834182107 2,576,000 1,400 ------------------------------------------------------------------------------------------------------- SLR 35.0 STRIKE PUT 01/18/ Opt (Put) 834182107 5,800,000 2,500 ------------------------------------------------------------------------------------------------------- SMTC 30.0 STRIKE PUT 12/22 Opt (Put) 816850101 226,000 400 ------------------------------------------------------------------------------------------------------- SNAP ON INC Cmn 833034101 233,371 10,451 ------------------------------------------------------------------------------------------------------- SOLECTRON 0% CB DUE 11/20/ Cnv Bnd 834182AL1 108,074,400 275,700 ------------------------------------------------------------------------------------------------------- SOLECTRON 0% OID DUE 5/8/2 Cnv Bnd 834182AK3 11,635,428 23,440 ------------------------------------------------------------------------------------------------------- SOLECTRON CORP Cmn 834182107 1,859,095 159,579 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 152,359,795 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- -------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None -------------------------------------------------------------------------------------------------------------------- SLR 15.0 STRIKE CALL 01/18 X n/a n/a -------------------------------------------------------------------------------------------------------------------- SLR 15.0 STRIKE PUT 01/18/ X n/a n/a -------------------------------------------------------------------------------------------------------------------- SLR 17.5 STRIKE PUT 01/18/ X n/a n/a -------------------------------------------------------------------------------------------------------------------- SLR 20.0 STRIKE CALL 01/18 X n/a n/a -------------------------------------------------------------------------------------------------------------------- SLR 20.0 STRIKE PUT 01/18/ X n/a n/a -------------------------------------------------------------------------------------------------------------------- SLR 25.0 STRIKE PUT 01/18/ X n/a n/a -------------------------------------------------------------------------------------------------------------------- SLR 27.5 STRIKE PUT 01/19/ X n/a n/a -------------------------------------------------------------------------------------------------------------------- SLR 30.0 STRIKE PUT 01/18/ X n/a n/a -------------------------------------------------------------------------------------------------------------------- SLR 35.0 STRIKE PUT 01/18/ X n/a n/a -------------------------------------------------------------------------------------------------------------------- SMTC 30.0 STRIKE PUT 12/22 X n/a n/a -------------------------------------------------------------------------------------------------------------------- SNAP ON INC X n/a X -------------------------------------------------------------------------------------------------------------------- SOLECTRON 0% CB DUE 11/20/ X n/a n/a -------------------------------------------------------------------------------------------------------------------- SOLECTRON 0% OID DUE 5/8/2 X n/a n/a -------------------------------------------------------------------------------------------------------------------- SOLECTRON CORP X n/a X -------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS --------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- SONICWALL INC Cmn 835470105 297,855 25,072 ------------------------------------------------------------------------------------------------------- SOURCE MEDIA 11.000 STRIKE Wt 836153130 1,090 109,000 ------------------------------------------------------------------------------------------------------- SOURCE MEDIA INC 12% 11/01 Corp Bond 836153AC0 217,500 3,000 ------------------------------------------------------------------------------------------------------- SOUTHERN CO Cmn 842587107 4,002,670 166,917 ------------------------------------------------------------------------------------------------------- SOUTHTRUST CORP Cmn 844730101 2,632,757 103,367 ------------------------------------------------------------------------------------------------------- SOUTHWEST AIRLINES Cmn 844741108 2,470,771 166,494 ------------------------------------------------------------------------------------------------------- SPECTRASITE HOLDINGS INC Cmn 84760T100 1,699,149 705,041 ------------------------------------------------------------------------------------------------------- SPRINT 7.125% DEBT PERC Perc 852061605 50,042,685 1,850,000 ------------------------------------------------------------------------------------------------------- SPRINT COPR (PCS GRP) Cmn 852061506 5,484,541 208,617 ------------------------------------------------------------------------------------------------------- SPRINT CORP Cmn 852061100 4,822,625 200,859 ------------------------------------------------------------------------------------------------------- SPW 95.0 STRIKE PUT 12/22/ Opt (Put) 784635104 1,260,000 750 ------------------------------------------------------------------------------------------------------- SPX CORP Cmn 784635104 961,640 11,600 ------------------------------------------------------------------------------------------------------- SPX CORP 0% CB DUE 2/6/21 Cnv Bnd 784635AD6 24,733,063 46,015 ------------------------------------------------------------------------------------------------------- ST JUDE MED INC Cmn 790849103 1,050,502 15,347 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 99,676,847 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ------------------------------------------------------------------------------------------------------------------------ SONICWALL INC X n/a X ------------------------------------------------------------------------------------------------------------------------ SOURCE MEDIA 11.000 STRIKE X n/a n/a ------------------------------------------------------------------------------------------------------------------------ SOURCE MEDIA INC 12% 11/01 X n/a n/a ------------------------------------------------------------------------------------------------------------------------ SOUTHERN CO X n/a X ------------------------------------------------------------------------------------------------------------------------ SOUTHTRUST CORP X n/a X ------------------------------------------------------------------------------------------------------------------------ SOUTHWEST AIRLINES X n/a X ------------------------------------------------------------------------------------------------------------------------ SPECTRASITE HOLDINGS INC X n/a X ------------------------------------------------------------------------------------------------------------------------ SPRINT 7.125% DEBT PERC X n/a n/a ------------------------------------------------------------------------------------------------------------------------ SPRINT COPR (PCS GRP) X n/a X ------------------------------------------------------------------------------------------------------------------------ SPRINT CORP X n/a X ------------------------------------------------------------------------------------------------------------------------ SPW 95.0 STRIKE PUT 12/22/ X n/a n/a ------------------------------------------------------------------------------------------------------------------------ SPX CORP X n/a X ------------------------------------------------------------------------------------------------------------------------ SPX CORP 0% CB DUE 2/6/21 X n/a n/a ------------------------------------------------------------------------------------------------------------------------ ST JUDE MED INC X n/a X ------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- ST PAUL COS INC Cmn 792860108 2,450,735 59,455 ------------------------------------------------------------------------------------------------------- STANLEY WKS Cmn 854616109 860,387 23,540 ------------------------------------------------------------------------------------------------------- STAPLES Cmn 855030102 1,302,533 97,568 ------------------------------------------------------------------------------------------------------- STARBUCKS Cmn 855244109 1,022,240 68,423 ------------------------------------------------------------------------------------------------------- STARWOOD HOTELS & RESORT Cmn 85590A203 2,875,906 130,723 ------------------------------------------------------------------------------------------------------- STATE STREET CORP Cmn 857477103 2,661,614 58,497 ------------------------------------------------------------------------------------------------------- STEEL DYNAMICS INC Cmn 858119100 148,221 14,987 ------------------------------------------------------------------------------------------------------- STELLENT INC Cmn 85856W105 210,240 14,600 ------------------------------------------------------------------------------------------------------- STILLWATER MINING CO. Cmn 86074Q102 291,740 14,500 ------------------------------------------------------------------------------------------------------- STILLWELL FINANCIAL 0% CB Cnv Bnd 860831AC0 96,995,625 134,250 ------------------------------------------------------------------------------------------------------- STILWELL FINANCIAL INC W/I Cmn 860831106 1,795,833 92,094 ------------------------------------------------------------------------------------------------------- STRYKER CORP Cmn 863667101 2,451,333 46,339 ------------------------------------------------------------------------------------------------------- SUIZA FOODS 5.5% PFD DUE 2 MIPS 86507G408 3,091,043 66,875 ------------------------------------------------------------------------------------------------------- SUN HEALTHCARE GROUP 7% PFD MIPS 866749203 - 820,000 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 116,157,449 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- ST PAUL COS INC X n/a X --------------------------------------------------------------------------------------------------------------------- STANLEY WKS X n/a X --------------------------------------------------------------------------------------------------------------------- STAPLES X n/a X --------------------------------------------------------------------------------------------------------------------- STARBUCKS X n/a X --------------------------------------------------------------------------------------------------------------------- STARWOOD HOTELS & RESORT X n/a X --------------------------------------------------------------------------------------------------------------------- STATE STREET CORP X n/a X --------------------------------------------------------------------------------------------------------------------- STEEL DYNAMICS INC X n/a X --------------------------------------------------------------------------------------------------------------------- STELLENT INC X n/a X --------------------------------------------------------------------------------------------------------------------- STILLWATER MINING CO. X n/a X --------------------------------------------------------------------------------------------------------------------- STILLWELL FINANCIAL 0% CB X n/a n/a --------------------------------------------------------------------------------------------------------------------- STILWELL FINANCIAL INC W/I X n/a X --------------------------------------------------------------------------------------------------------------------- STRYKER CORP X n/a X --------------------------------------------------------------------------------------------------------------------- SUIZA FOODS 5.5% PFD DUE 2 X n/a n/a --------------------------------------------------------------------------------------------------------------------- SUN HEALTHCARE GROUP 7% PFD X n/a n/a --------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ---------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- SUN MICROSYSTEMS INC Cmn 866810104 8,570,631 1,036,352 ------------------------------------------------------------------------------------------------------- SUNOCO INC Cmn 86764P109 537,560 15,100 ------------------------------------------------------------------------------------------------------- SUNTRUST BKS INC Cmn 867914103 3,494,435 52,469 ------------------------------------------------------------------------------------------------------- SUNW 17.5 STRIKE PUT 01/19 Opt (Put) 866810104 2,790,000 3,000 ------------------------------------------------------------------------------------------------------- SUPERVALU INC Cmn 868536103 482,870 23,869 ------------------------------------------------------------------------------------------------------- SV 25.0 STRIKE PUT 03/16/2 Opt (Put) 860831106 635,000 1,000 ------------------------------------------------------------------------------------------------------- SV 25.0 STRIKE PUT 10/20/2 Opt (Put) 860831106 555,000 1,000 ------------------------------------------------------------------------------------------------------- SV 25.0 STRIKE PUT 12/22/2 Opt (Put) 860831106 333,200 560 ------------------------------------------------------------------------------------------------------- SYBASE INC Cmn 871130100 298,325 32,078 ------------------------------------------------------------------------------------------------------- SYMANTEC CORP Cmn 871503108 745,405 21,500 ------------------------------------------------------------------------------------------------------- SYMBOL TECHNOLOGIES Cmn 871508107 880,531 83,940 ------------------------------------------------------------------------------------------------------- SYMC 35.0 STRIKE PUT 04/20 Opt (Put) 871503108 352,500 500 ------------------------------------------------------------------------------------------------------- SYNOVUS FINANCIAL CORP Cmn 87161C105 1,545,766 56,006 ------------------------------------------------------------------------------------------------------- SYSCO CORP Cmn 871829107 3,088,986 120,947 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 24,310,209 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ----------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ----------------------------------------------------------------------------------------------------------------------- SUN MICROSYSTEMS INC X n/a X ----------------------------------------------------------------------------------------------------------------------- SUNOCO INC X n/a X ----------------------------------------------------------------------------------------------------------------------- SUNTRUST BKS INC X n/a X ----------------------------------------------------------------------------------------------------------------------- SUNW 17.5 STRIKE PUT 01/19 X n/a n/a ----------------------------------------------------------------------------------------------------------------------- SUPERVALU INC X n/a X ----------------------------------------------------------------------------------------------------------------------- SV 25.0 STRIKE PUT 03/16/2 X n/a n/a ----------------------------------------------------------------------------------------------------------------------- SV 25.0 STRIKE PUT 10/20/2 X n/a n/a ----------------------------------------------------------------------------------------------------------------------- SV 25.0 STRIKE PUT 12/22/2 X n/a n/a ----------------------------------------------------------------------------------------------------------------------- SYBASE INC X n/a X ----------------------------------------------------------------------------------------------------------------------- SYMANTEC CORP X n/a X ----------------------------------------------------------------------------------------------------------------------- SYMBOL TECHNOLOGIES X n/a X ----------------------------------------------------------------------------------------------------------------------- SYMC 35.0 STRIKE PUT 04/20 X n/a n/a ----------------------------------------------------------------------------------------------------------------------- SYNOVUS FINANCIAL CORP X n/a X ----------------------------------------------------------------------------------------------------------------------- SYSCO CORP X n/a X ----------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS -----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- T 10.0 STRIKE 09/15/2005 Wt 87971M111 131,533 98,159 ------------------------------------------------------------------------------------------------------- TAKE-TWO INTERACTIVE Cmn 874054109 91,627 12,960 ------------------------------------------------------------------------------------------------------- TALBOTS INC Cmn 874161102 987,800 44,000 ------------------------------------------------------------------------------------------------------- TANOX INC Cmn 87588Q109 183,118 12,398 ------------------------------------------------------------------------------------------------------- TARGET CORP Cmn 8.7612E+110 5,255,070 165,514 ------------------------------------------------------------------------------------------------------- TCM 15.0 STRIKE PUT 01/19/ Opt (Put) G9144B106 656,125 905 ------------------------------------------------------------------------------------------------------- TCM 15.0 STRIKE PUT 10/20/ Opt (Put) G9144B106 500,500 700 ------------------------------------------------------------------------------------------------------- TECO ENERGY INC CMN STK Cmn 872375100 382,110 14,100 ------------------------------------------------------------------------------------------------------- TEKELEC 3.25% OID DUE 11/2 Cnv Bnd 879101AC7 18,576,960 19,351 ------------------------------------------------------------------------------------------------------- TEKELEC CMN STK Cmn 879101103 432,424 32,834 ------------------------------------------------------------------------------------------------------- TEKTRONIX INC Cmn 879131100 294,759 16,853 ------------------------------------------------------------------------------------------------------- TELIGENT 11.5% DUE 12/1/07 Corp Bond 87959YAA1 68,000 13,600 ------------------------------------------------------------------------------------------------------- TELLABS INC Cmn 879664100 977,280 98,915 ------------------------------------------------------------------------------------------------------- TEMPLE INLAND INC Cmn 879868107 950,227 20,009 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 29,487,534 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- T 10.0 STRIKE 09/15/2005 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- TAKE-TWO INTERACTIVE X n/a X ---------------------------------------------------------------------------------------------------------------------- TALBOTS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- TANOX INC X n/a X ---------------------------------------------------------------------------------------------------------------------- TARGET CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- TCM 15.0 STRIKE PUT 01/19/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- TCM 15.0 STRIKE PUT 10/20/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- TECO ENERGY INC CMN STK X n/a X ---------------------------------------------------------------------------------------------------------------------- TEKELEC 3.25% OID DUE 11/2 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- TEKELEC CMN STK X n/a X ---------------------------------------------------------------------------------------------------------------------- TEKTRONIX INC X n/a X ---------------------------------------------------------------------------------------------------------------------- TELIGENT 11.5% DUE 12/1/07 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- TELLABS INC X n/a X ---------------------------------------------------------------------------------------------------------------------- TEMPLE INLAND INC X n/a X ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- TENET HEALTHCARE CORP Cmn 88033G100 4,532,505 75,985 ------------------------------------------------------------------------------------------------------- TERADYNE INC Cmn 880770102 931,145 47,751 ------------------------------------------------------------------------------------------------------- TEREX CORP Cmn 880779103 577,044 32,400 ------------------------------------------------------------------------------------------------------- TERRA INDUSTRIES Cmn 880915103 193,941 65,300 ------------------------------------------------------------------------------------------------------- TEVA PHARMACEUTICAL INDUS Cmn 881624209 1,535,430 25,400 ------------------------------------------------------------------------------------------------------- TEXACO INC Cmn 881694103 89,522,680 1,377,272 ------------------------------------------------------------------------------------------------------- TEXAS INSTRUMENTS Cmn 882508104 9,078,282 363,422 ------------------------------------------------------------------------------------------------------- TEXTRON INC Cmn 883203101 2,096,222 62,369 ------------------------------------------------------------------------------------------------------- THERMO CARDIOSYS 4.75% Cnv Bnd 88355KAA9 1,587,660 1,689 ------------------------------------------------------------------------------------------------------- THERMO ELECTRON CORP Cmn 883556102 903,042 50,030 ------------------------------------------------------------------------------------------------------- THOMAS & BETTS CORP Cmn 884315102 1,138,665 65,141 ------------------------------------------------------------------------------------------------------- TICKETMASTER CLASS -B Cmn 88633P203 105,187 10,163 ------------------------------------------------------------------------------------------------------- TIFFANY COMMON STOCK TIF Cmn 886547108 1,167,411 53,922 ------------------------------------------------------------------------------------------------------- TIME WARNER TELECOM - CL A Cmn 887319101 270,759 37,346 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 113,639,971 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ----------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ----------------------------------------------------------------------------------------------------------------------- TENET HEALTHCARE CORP X n/a X ----------------------------------------------------------------------------------------------------------------------- TERADYNE INC X n/a X ----------------------------------------------------------------------------------------------------------------------- TEREX CORP X n/a X ----------------------------------------------------------------------------------------------------------------------- TERRA INDUSTRIES X n/a X ----------------------------------------------------------------------------------------------------------------------- TEVA PHARMACEUTICAL INDUS X n/a X ----------------------------------------------------------------------------------------------------------------------- TEXACO INC X n/a X ----------------------------------------------------------------------------------------------------------------------- TEXAS INSTRUMENTS X n/a X ----------------------------------------------------------------------------------------------------------------------- TEXTRON INC X n/a X ----------------------------------------------------------------------------------------------------------------------- THERMO CARDIOSYS 4.75% X n/a n/a ----------------------------------------------------------------------------------------------------------------------- THERMO ELECTRON CORP X n/a X ----------------------------------------------------------------------------------------------------------------------- THOMAS & BETTS CORP X n/a X ----------------------------------------------------------------------------------------------------------------------- TICKETMASTER CLASS -B X n/a X ----------------------------------------------------------------------------------------------------------------------- TIFFANY COMMON STOCK TIF X n/a X ----------------------------------------------------------------------------------------------------------------------- TIME WARNER TELECOM - CL A X n/a X ----------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS -----------------------------------------------------------------------------------------------------------------------

-------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount -------------------------------------------------------------------------------------------------------- TITAN 5 3/4 MIPS W/REM MIPS 888262300 5,947,709 171,775 -------------------------------------------------------------------------------------------------------- TITANIUM METALS 6.625% CV MIPS 887381408 1,948,586 112,900 -------------------------------------------------------------------------------------------------------- TIVO INC CMN STOCK Cmn 888706108 242,360 73,000 -------------------------------------------------------------------------------------------------------- TJX COMPANIES Cmn 872540109 1,658,884 50,422 -------------------------------------------------------------------------------------------------------- TKLC 22.5 STRIKE PUT 02/16 Opt (Put) 879101103 295,500 300 -------------------------------------------------------------------------------------------------------- TMP WORLDWIDE Cmn 872941109 1,596,114 56,221 -------------------------------------------------------------------------------------------------------- TOLL BROTHERS Cmn 889478103 421,314 14,200 -------------------------------------------------------------------------------------------------------- TOMMY HILFIGER CORP Cmn G8915Z102 149,465 16,700 -------------------------------------------------------------------------------------------------------- TORCHMARK CORP Cmn 891027104 880,581 22,579 -------------------------------------------------------------------------------------------------------- TOWER AUTOMOTIVE CV PFD 6. MIPS 891706301 339,570 15,000 -------------------------------------------------------------------------------------------------------- TOWER AUTOMOTIVE INC Cmn 891707101 1,544,777 215,450 -------------------------------------------------------------------------------------------------------- TOYS R US INC Cmn 892335100 1,463,189 84,921 -------------------------------------------------------------------------------------------------------- TRANSOCEAN 0% CB 5/24/20 Cnv Bnd 893830AA7 19,958,605 34,400 -------------------------------------------------------------------------------------------------------- TRANSOCEAN SEDCO FOREX INC Cmn G90078109 2,727,701 103,322 -------------------------------------------------------------------------------------------------------- COLUMN TOTALS 39,174,355 -------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------ --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ------------------------------------------------------------------------------------------------------------------- TITAN 5 3/4 MIPS W/REM X n/a n/a ------------------------------------------------------------------------------------------------------------------- TITANIUM METALS 6.625% CV X n/a n/a ------------------------------------------------------------------------------------------------------------------- TIVO INC CMN STOCK X n/a X ------------------------------------------------------------------------------------------------------------------- TJX COMPANIES X n/a X ------------------------------------------------------------------------------------------------------------------- TKLC 22.5 STRIKE PUT 02/16 X n/a n/a ------------------------------------------------------------------------------------------------------------------- TMP WORLDWIDE X n/a X ------------------------------------------------------------------------------------------------------------------- TOLL BROTHERS X n/a X ------------------------------------------------------------------------------------------------------------------- TOMMY HILFIGER CORP X n/a X ------------------------------------------------------------------------------------------------------------------- TORCHMARK CORP X n/a X ------------------------------------------------------------------------------------------------------------------- TOWER AUTOMOTIVE CV PFD 6. X n/a n/a ------------------------------------------------------------------------------------------------------------------- TOWER AUTOMOTIVE INC X n/a X ------------------------------------------------------------------------------------------------------------------- TOYS R US INC X n/a X ------------------------------------------------------------------------------------------------------------------- TRANSOCEAN 0% CB 5/24/20 X n/a n/a ------------------------------------------------------------------------------------------------------------------- TRANSOCEAN SEDCO FOREX INC X n/a X ------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS -------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- TRIBUNE CO NEW Cmn 896047107 3,108,537 98,998 ------------------------------------------------------------------------------------------------------- TRICON GLOBAL RESTAURANTS Cmn 895953107 1,037,369 26,450 ------------------------------------------------------------------------------------------------------- TRIGON HEALTHCARE INC Cmn 89618L100 216,150 3,300 ------------------------------------------------------------------------------------------------------- TRIQUINT SEMICONDUCTOR INC Cmn 89674K103 587,633 36,750 ------------------------------------------------------------------------------------------------------- TRW INC Cmn 872649108 669,668 22,457 ------------------------------------------------------------------------------------------------------- TRY 0% DEB DUE 2/9/18 Cnv Bnd 895927AB7 2,256,030 6,300 ------------------------------------------------------------------------------------------------------- TTN 22.5 STRIKE PUT 01/19/ Opt (Put) 888266103 294,000 700 ------------------------------------------------------------------------------------------------------- TUPPERWARE - PMI SPINOFF Cmn 899896104 338,581 16,980 ------------------------------------------------------------------------------------------------------- TWEETER HOME ENTERTAINMT Cmn 901167106 389,845 28,581 ------------------------------------------------------------------------------------------------------- TXU CORP Cmn 873168108 2,409,103 52,010 ------------------------------------------------------------------------------------------------------- TYC 0% CB DUE 11/17/20 REG Cnv Bnd 902124AC0 259,422,476 345,500 ------------------------------------------------------------------------------------------------------- TYC 40.0 STRIKE PUT 01/19/ Opt (Put) 902124106 379,500 2,200 ------------------------------------------------------------------------------------------------------- TYCO INTERNATIONAL 0% CB D Cnv Bnd 902118AW8 130,131,563 178,875 ------------------------------------------------------------------------------------------------------- TYCO INTERNATIONAL LIMITED Cmn 902124106 19,004,031 417,671 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 420,244,484 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- TRIBUNE CO NEW X n/a X --------------------------------------------------------------------------------------------------------------------- TRICON GLOBAL RESTAURANTS X n/a X --------------------------------------------------------------------------------------------------------------------- TRIGON HEALTHCARE INC X n/a X --------------------------------------------------------------------------------------------------------------------- TRIQUINT SEMICONDUCTOR INC X n/a X --------------------------------------------------------------------------------------------------------------------- TRW INC X n/a X --------------------------------------------------------------------------------------------------------------------- TRY 0% DEB DUE 2/9/18 X n/a n/a --------------------------------------------------------------------------------------------------------------------- TTN 22.5 STRIKE PUT 01/19/ X n/a n/a --------------------------------------------------------------------------------------------------------------------- TUPPERWARE - PMI SPINOFF X n/a X --------------------------------------------------------------------------------------------------------------------- TWEETER HOME ENTERTAINMT X n/a X --------------------------------------------------------------------------------------------------------------------- TXU CORP X n/a X --------------------------------------------------------------------------------------------------------------------- TYC 0% CB DUE 11/17/20 REG X n/a n/a --------------------------------------------------------------------------------------------------------------------- TYC 40.0 STRIKE PUT 01/19/ X n/a n/a --------------------------------------------------------------------------------------------------------------------- TYCO INTERNATIONAL 0% CB D X n/a n/a --------------------------------------------------------------------------------------------------------------------- TYCO INTERNATIONAL LIMITED X n/a X --------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ---------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------ Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------ UAL 30.0 STRIKE PUT 02/16/ Opt (Put) 902549500 1,190,000 1,000 ------------------------------------------------------------------------------------------------------ UAL CORP. COMMON STOCK Cmn 902549500 1,700,006 93,100 ------------------------------------------------------------------------------------------------------ ULTRAMAR DIAMOND SHAMROCK Cmn 904000106 55,131,000 1,150,000 ------------------------------------------------------------------------------------------------------ UNILEVER N V Cmn 904784709 6,865,888 127,099 ------------------------------------------------------------------------------------------------------ UNION PAC CORP Cmn 907818108 3,605,344 76,873 ------------------------------------------------------------------------------------------------------ UNION PLANTERS Cmn 908068109 1,057,271 24,645 ------------------------------------------------------------------------------------------------------ UNISYS Cmn 909214108 2,081,699 240,381 ------------------------------------------------------------------------------------------------------ UNITED PARCEL SERVICE Cmn 911312106 592,572 11,400 ------------------------------------------------------------------------------------------------------ UNITED RENTALS INC Cmn 911363109 858,330 49,500 ------------------------------------------------------------------------------------------------------ UNITED TECHNOLOGIES CORP Cmn 913017109 5,437,943 116,945 ------------------------------------------------------------------------------------------------------ UNITEDHEALTH GROUP INC Cmn 91324P102 5,537,056 83,264 ------------------------------------------------------------------------------------------------------ UNIVERSAL HEALTH SERVICES Cmn 913903100 346,480 7,100 ------------------------------------------------------------------------------------------------------ UNIVISION COMMUNICATIONS Cmn 914906102 1,858,537 80,982 ------------------------------------------------------------------------------------------------------ UNOCAL CORP Cmn 915289102 1,424,768 43,839 ------------------------------------------------------------------------------------------------------ COLUMN TOTALS 87,686,893 ------------------------------------------------------------------------------------------------------ ----------------------------- (SEC USE ONLY) ----------------------------- ----------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ----------------------------------------------------------------------------------------------------------------------- UAL 30.0 STRIKE PUT 02/16/ X n/a n/a ----------------------------------------------------------------------------------------------------------------------- UAL CORP. COMMON STOCK X n/a X ----------------------------------------------------------------------------------------------------------------------- ULTRAMAR DIAMOND SHAMROCK X n/a X ----------------------------------------------------------------------------------------------------------------------- UNILEVER N V X n/a X ----------------------------------------------------------------------------------------------------------------------- UNION PAC CORP X n/a X ----------------------------------------------------------------------------------------------------------------------- UNION PLANTERS X n/a X ----------------------------------------------------------------------------------------------------------------------- UNISYS X n/a X ----------------------------------------------------------------------------------------------------------------------- UNITED PARCEL SERVICE X n/a X ----------------------------------------------------------------------------------------------------------------------- UNITED RENTALS INC X n/a X ----------------------------------------------------------------------------------------------------------------------- UNITED TECHNOLOGIES CORP X n/a X ----------------------------------------------------------------------------------------------------------------------- UNITEDHEALTH GROUP INC X n/a X ----------------------------------------------------------------------------------------------------------------------- UNIVERSAL HEALTH SERVICES X n/a X ----------------------------------------------------------------------------------------------------------------------- UNIVISION COMMUNICATIONS X n/a X ----------------------------------------------------------------------------------------------------------------------- UNOCAL CORP X n/a X ----------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS -----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- UNUMPROVIDENT CORP Cmn 91529Y106 1,097,466 43,464 ------------------------------------------------------------------------------------------------------- UPS 50.0 STRIKE PUT 01/18/ Opt (Put) 911312106 900,000 2,000 ------------------------------------------------------------------------------------------------------- US AIRWAYS GROUP INC. Cmn 911905107 67,095 14,429 ------------------------------------------------------------------------------------------------------- US BANCORP Cmn 902973304 9,070,267 408,939 ------------------------------------------------------------------------------------------------------- US INDUSTRIES INC 7.125% Corp Bond 90333GAB9 1,580,000 2,000 ------------------------------------------------------------------------------------------------------- USA EDUCATION INC Cmn 90390U102 2,426,444 29,266 ------------------------------------------------------------------------------------------------------- USG 10.0 STRIKE PUT 11/17/ Opt (Put) 903293405 406,250 650 ------------------------------------------------------------------------------------------------------- USG CORPORATION Cmn 903293405 818,735 219,500 ------------------------------------------------------------------------------------------------------- USG CORPORATION 8.5% 08/01 Corp Bond 903293AP3 2,450,000 3,500 ------------------------------------------------------------------------------------------------------- USG CORPORATION 9.25% 09/1 Corp Bond 903293AN8 710,000 1,000 ------------------------------------------------------------------------------------------------------- UST INC Cmn 902911106 1,162,564 35,017 ------------------------------------------------------------------------------------------------------- USX CORP Cmn 90337T101 290,435 20,775 ------------------------------------------------------------------------------------------------------- USX-MARATHON GROUP INC Cmn 902905827 1,746,106 65,275 ------------------------------------------------------------------------------------------------------- V F CORP Cmn 918204108 732,423 25,023 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 23,457,785 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ---------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ---------------------------------------------------------------------------------------------------------------------- UNUMPROVIDENT CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- UPS 50.0 STRIKE PUT 01/18/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- US AIRWAYS GROUP INC. X n/a X ---------------------------------------------------------------------------------------------------------------------- US BANCORP X n/a X ---------------------------------------------------------------------------------------------------------------------- US INDUSTRIES INC 7.125% X n/a n/a ---------------------------------------------------------------------------------------------------------------------- USA EDUCATION INC X n/a X ---------------------------------------------------------------------------------------------------------------------- USG 10.0 STRIKE PUT 11/17/ X n/a n/a ---------------------------------------------------------------------------------------------------------------------- USG CORPORATION X n/a X ---------------------------------------------------------------------------------------------------------------------- USG CORPORATION 8.5% 08/01 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- USG CORPORATION 9.25% 09/1 X n/a n/a ---------------------------------------------------------------------------------------------------------------------- UST INC X n/a X ---------------------------------------------------------------------------------------------------------------------- USX CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- USX-MARATHON GROUP INC X n/a X ---------------------------------------------------------------------------------------------------------------------- V F CORP X n/a X ---------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ----------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- VALASSIS COMMUNICATIONS Cmn 918866104 370,156 11,600 ------------------------------------------------------------------------------------------------------- VALERO 7.75% MAND. CVT Perc 91821D107 7,726,642 264,100 ------------------------------------------------------------------------------------------------------- VALERO ENERGY CORP Cmn 91913Y100 277,290 7,900 ------------------------------------------------------------------------------------------------------- VERITAS DGC INC Cmn 92343P107 119,305 10,700 ------------------------------------------------------------------------------------------------------- VERITAS SOFTWARE 1.856% CB Cnv Bnd 92343RAA1 481,682 598 ------------------------------------------------------------------------------------------------------- VERITAS SOFTWARE CO Cmn 923436109 6,200,155 336,234 ------------------------------------------------------------------------------------------------------- VERIZON COMMUNICATIONS Cmn 92343V104 32,305,347 597,031 ------------------------------------------------------------------------------------------------------- VERTEX PHARMACEUTICALS INC Cmn 92532F100 673,127 37,313 ------------------------------------------------------------------------------------------------------- VIACOM, INC. - CLASS B Cmn 925524308 21,146,396 612,939 ------------------------------------------------------------------------------------------------------- VINTAGE PETROLEUM INC Cmn 927460105 204,465 12,900 ------------------------------------------------------------------------------------------------------- VISIBLE GENETICS INC Cmn 92829S104 370,260 18,700 ------------------------------------------------------------------------------------------------------- VISTEON CORP Cmn 92839U107 936,998 73,490 ------------------------------------------------------------------------------------------------------- VITESSE SEMICONDUCTOR CORP Cmn 928497106 2,147,145 277,051 ------------------------------------------------------------------------------------------------------- VODAFONE GROUP PLC Cmn 92857W100 3,410,388 155,300 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 76,369,355 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- VALASSIS COMMUNICATIONS X n/a X --------------------------------------------------------------------------------------------------------------------- VALERO 7.75% MAND. CVT X n/a n/a --------------------------------------------------------------------------------------------------------------------- VALERO ENERGY CORP X n/a X --------------------------------------------------------------------------------------------------------------------- VERITAS DGC INC X n/a X --------------------------------------------------------------------------------------------------------------------- VERITAS SOFTWARE 1.856% CB X n/a n/a --------------------------------------------------------------------------------------------------------------------- VERITAS SOFTWARE CO X n/a X --------------------------------------------------------------------------------------------------------------------- VERIZON COMMUNICATIONS X n/a X --------------------------------------------------------------------------------------------------------------------- VERTEX PHARMACEUTICALS INC X n/a X --------------------------------------------------------------------------------------------------------------------- VIACOM, INC. - CLASS B X n/a X --------------------------------------------------------------------------------------------------------------------- VINTAGE PETROLEUM INC X n/a X --------------------------------------------------------------------------------------------------------------------- VISIBLE GENETICS INC X n/a X --------------------------------------------------------------------------------------------------------------------- VISTEON CORP X n/a X --------------------------------------------------------------------------------------------------------------------- VITESSE SEMICONDUCTOR CORP X n/a X --------------------------------------------------------------------------------------------------------------------- VODAFONE GROUP PLC X n/a X --------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ---------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- VRTS 40.0 STRIKE PUT 01/18 Opt (Put) 923436109 4,500,000 2,000 ------------------------------------------------------------------------------------------------------- VRTS 50.0 STRIKE PUT 01/18 Opt (Put) 923436109 6,360,000 2,000 ------------------------------------------------------------------------------------------------------- VSH 20.0 STRIKE PUT 01/18/ Opt (Put) 928298108 1,560,000 3,000 ------------------------------------------------------------------------------------------------------- VSH 20.0 STRIKE PUT 01/19/ Opt (Put) 928298108 825,000 2,500 ------------------------------------------------------------------------------------------------------- VULCAN MATERIALS CO Cmn 929160109 1,072,786 24,833 ------------------------------------------------------------------------------------------------------- WACHOVIA CORP Cmn 929903102 17,592,748 567,508 ------------------------------------------------------------------------------------------------------- WADDELL & REED FINL INC Cmn 930059100 213,200 8,200 ------------------------------------------------------------------------------------------------------- WAL MART STORES INC Cmn 931142103 47,815,070 965,961 ------------------------------------------------------------------------------------------------------- WALGREEN CO Cmn 931422109 6,446,226 187,227 ------------------------------------------------------------------------------------------------------- WASHINGTON MUTUAL 5.375% MIPS 939322848 86,074,541 1,552,000 ------------------------------------------------------------------------------------------------------- WASHINGTON MUTUAL SAVINGS Cmn 939322103 6,145,564 159,708 ------------------------------------------------------------------------------------------------------- WASTE CONNECTIONS IN Cmn 941053100 515,700 19,100 ------------------------------------------------------------------------------------------------------- WASTE MANAGEMENT Cmn 94106L109 3,008,598 112,513 ------------------------------------------------------------------------------------------------------- WATSON PHARMACEUTICALS Cmn 942683103 1,096,826 20,048 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 183,226,257 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- VRTS 40.0 STRIKE PUT 01/18 X n/a n/a --------------------------------------------------------------------------------------------------------------------- VRTS 50.0 STRIKE PUT 01/18 X n/a n/a --------------------------------------------------------------------------------------------------------------------- VSH 20.0 STRIKE PUT 01/18/ X n/a n/a --------------------------------------------------------------------------------------------------------------------- VSH 20.0 STRIKE PUT 01/19/ X n/a n/a --------------------------------------------------------------------------------------------------------------------- VULCAN MATERIALS CO X n/a X --------------------------------------------------------------------------------------------------------------------- WACHOVIA CORP X n/a X --------------------------------------------------------------------------------------------------------------------- WADDELL & REED FINL INC X n/a X --------------------------------------------------------------------------------------------------------------------- WAL MART STORES INC X n/a X --------------------------------------------------------------------------------------------------------------------- WALGREEN CO X n/a X --------------------------------------------------------------------------------------------------------------------- WASHINGTON MUTUAL 5.375% X n/a n/a --------------------------------------------------------------------------------------------------------------------- WASHINGTON MUTUAL SAVINGS X n/a X --------------------------------------------------------------------------------------------------------------------- WASTE CONNECTIONS IN X n/a X --------------------------------------------------------------------------------------------------------------------- WASTE MANAGEMENT X n/a X --------------------------------------------------------------------------------------------------------------------- WATSON PHARMACEUTICALS X n/a X --------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ---------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------ Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------ WB 30.0 STRIKE PUT 01/18/2 Opt (Put) 929903102 400,000 1,000 ------------------------------------------------------------------------------------------------------ WCG NOTE TRUST 8.25% DUE 3 Corp Bond 92925TAA3 15,037,500 15,000 ------------------------------------------------------------------------------------------------------ WCOM 17.5 STRIKE PUT 12/22 Opt (Put) 98157D106 4,395,325 14,530 ------------------------------------------------------------------------------------------------------ WCOM 7% CV PFD Cnv Bnd 98157D809 78,356,025 3,425,400 ------------------------------------------------------------------------------------------------------ WCOM 7% PFD Cnv Bnd 98157D874 13,445,925 587,800 ------------------------------------------------------------------------------------------------------ WEATHERFORD INTL INC 0% CB Cnv Bnd 947074AB6 43,752,093 82,450 ------------------------------------------------------------------------------------------------------ WEATHERFORD INTL., INC Cmn 947074100 482,139 18,900 ------------------------------------------------------------------------------------------------------ WEBEX INC. Cmn 94767L109 279,731 13,170 ------------------------------------------------------------------------------------------------------ WEBMETHODS INC Cmn 94768C108 120,621 17,456 ------------------------------------------------------------------------------------------------------ WEBS MEXICO INDEX SERIES Cmn 464286822 4,660,890 377,400 ------------------------------------------------------------------------------------------------------ WEBSENSE INC CMN STK Cmn 947684106 204,593 18,770 ------------------------------------------------------------------------------------------------------ WELLPOINT HEALTH NETWORK 6 Corp Bond 94973HAB4 3,960,000 4,000 ------------------------------------------------------------------------------------------------------ WELLPOINT HLTH NETWRK -CL Cmn 94973H108 1,561,500 14,306 ------------------------------------------------------------------------------------------------------ WELLS FARGO CO Cmn 949746101 17,496,854 393,630 ------------------------------------------------------------------------------------------------------ COLUMN TOTALS 184,153,195 ------------------------------------------------------------------------------------------------------ ----------------------------- (SEC USE ONLY) ----------------------------- --------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None --------------------------------------------------------------------------------------------------------------------- WB 30.0 STRIKE PUT 01/18/2 X n/a n/a --------------------------------------------------------------------------------------------------------------------- WCG NOTE TRUST 8.25% DUE 3 X n/a n/a --------------------------------------------------------------------------------------------------------------------- WCOM 17.5 STRIKE PUT 12/22 X n/a n/a --------------------------------------------------------------------------------------------------------------------- WCOM 7% CV PFD X n/a n/a --------------------------------------------------------------------------------------------------------------------- WCOM 7% PFD X n/a n/a --------------------------------------------------------------------------------------------------------------------- WEATHERFORD INTL INC 0% CB X n/a n/a --------------------------------------------------------------------------------------------------------------------- WEATHERFORD INTL., INC X n/a X --------------------------------------------------------------------------------------------------------------------- WEBEX INC. X n/a X --------------------------------------------------------------------------------------------------------------------- WEBMETHODS INC X n/a X --------------------------------------------------------------------------------------------------------------------- WEBS MEXICO INDEX SERIES X n/a X --------------------------------------------------------------------------------------------------------------------- WEBSENSE INC CMN STK X n/a X --------------------------------------------------------------------------------------------------------------------- WELLPOINT HEALTH NETWORK 6 X n/a n/a --------------------------------------------------------------------------------------------------------------------- WELLPOINT HLTH NETWRK -CL X n/a X --------------------------------------------------------------------------------------------------------------------- WELLS FARGO CO X n/a X --------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ---------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- WENDY'S INTERNATIONAL Cmn 950590109 666,277 25,001 ------------------------------------------------------------------------------------------------------- WERNER ENTERPRISES INC Cmn 950755108 380,714 22,770 ------------------------------------------------------------------------------------------------------- WESTERN GAS RESOURCES INC Cmn 958259103 203,034 7,800 ------------------------------------------------------------------------------------------------------- WESTERN RESOURCES INC Cmn 959425109 7,282,000 440,000 ------------------------------------------------------------------------------------------------------- WESTVACO CORP Cmn 961548104 1,353,542 52,667 ------------------------------------------------------------------------------------------------------- WESTWOOD ONE Cmn 961815107 215,825 9,700 ------------------------------------------------------------------------------------------------------- WEYERHAEUSER CO Cmn 962166104 2,893,228 59,397 ------------------------------------------------------------------------------------------------------- WHIRLPOOL CORP Cmn 963320106 661,266 11,947 ------------------------------------------------------------------------------------------------------- WILLAMETTE INDS INC Cmn 969133107 32,103,154 713,562 ------------------------------------------------------------------------------------------------------- WILLIAMS COMPANIES Cmn 969457100 4,814,055 176,339 ------------------------------------------------------------------------------------------------------- WILLIAMS COMPANIES, 6.75% Corp Bond 969457BC3 10,000,000 10,000 ------------------------------------------------------------------------------------------------------- WILLIAMS COMPANIES, 7.875 Corp Bond 969457BG4 3,993,600 4,000 ------------------------------------------------------------------------------------------------------- WILLIAMS-SONOMA INC Cmn 969904101 283,339 11,900 ------------------------------------------------------------------------------------------------------- WILMINGTON TRUST CORP Cmn 971807102 276,000 5,000 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 65,126,034 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- -------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None -------------------------------------------------------------------------------------------------------------------- WENDY'S INTERNATIONAL X n/a X -------------------------------------------------------------------------------------------------------------------- WERNER ENTERPRISES INC X n/a X -------------------------------------------------------------------------------------------------------------------- WESTERN GAS RESOURCES INC X n/a X -------------------------------------------------------------------------------------------------------------------- WESTERN RESOURCES INC X n/a X -------------------------------------------------------------------------------------------------------------------- WESTVACO CORP X n/a X -------------------------------------------------------------------------------------------------------------------- WESTWOOD ONE X n/a X -------------------------------------------------------------------------------------------------------------------- WEYERHAEUSER CO X n/a X -------------------------------------------------------------------------------------------------------------------- WHIRLPOOL CORP X n/a X -------------------------------------------------------------------------------------------------------------------- WILLAMETTE INDS INC X n/a X -------------------------------------------------------------------------------------------------------------------- WILLIAMS COMPANIES X n/a X -------------------------------------------------------------------------------------------------------------------- WILLIAMS COMPANIES, 6.75% X n/a n/a -------------------------------------------------------------------------------------------------------------------- WILLIAMS COMPANIES, 7.875 X n/a n/a -------------------------------------------------------------------------------------------------------------------- WILLIAMS-SONOMA INC X n/a X -------------------------------------------------------------------------------------------------------------------- WILMINGTON TRUST CORP X n/a X -------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS --------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- WIND RIVER 5% REG CB Cnv Bnd 973149AC1 1,077,188 1,125 ------------------------------------------------------------------------------------------------------- WINN DIXIE STORES INC Cmn 974280109 840,338 73,392 ------------------------------------------------------------------------------------------------------- WMB 30.0 STRIKE PUT 01/19/ Opt (Put) 969457100 277,500 750 ------------------------------------------------------------------------------------------------------- WMB 35.0 STRIKE PUT 01/18/ Opt (Put) 969457100 1,130,625 1,125 ------------------------------------------------------------------------------------------------------- WORLD ACCESS INC 13.25% 01 Corp Bond 98141AAD3 170,000 17,000 ------------------------------------------------------------------------------------------------------- WORLDCOM Cmn 98157D106 34,903,659 2,320,722 ------------------------------------------------------------------------------------------------------- WORTHINGTON INDS INC Cmn 981811102 207,743 18,466 ------------------------------------------------------------------------------------------------------- WRIGLEY WM JR CO Cmn 982526105 2,106,583 41,064 ------------------------------------------------------------------------------------------------------- WSM 25.0 STRIKE PUT 02/16/ Opt (Put) 969904101 490,000 1,000 ------------------------------------------------------------------------------------------------------- XCEL ENERGY INC Cmn 98389B100 2,075,753 73,739 ------------------------------------------------------------------------------------------------------- XEROX CAP EUROPE PLC 5.75% Corp Bond 98411MAB4 935,000 1,000 ------------------------------------------------------------------------------------------------------- XEROX CAP EUROPE PLC 5.875 Corp Bond 98411MAA6 5,160,000 6,000 ------------------------------------------------------------------------------------------------------- XEROX CORP Cmn 984121103 2,504,761 323,195 ------------------------------------------------------------------------------------------------------- XEROX CORP 6.25% DUE 11/15 Corp Bond 98412JBM5 528,000 600 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 52,407,150 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- ------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------- --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None ------------------------------------------------------------------------------------------------------------------- WIND RIVER 5% REG CB X n/a n/a ------------------------------------------------------------------------------------------------------------------- WINN DIXIE STORES INC X n/a X ------------------------------------------------------------------------------------------------------------------- WMB 30.0 STRIKE PUT 01/19/ X n/a n/a ------------------------------------------------------------------------------------------------------------------- WMB 35.0 STRIKE PUT 01/18/ X n/a n/a ------------------------------------------------------------------------------------------------------------------- WORLD ACCESS INC 13.25% 01 X n/a n/a ------------------------------------------------------------------------------------------------------------------- WORLDCOM X n/a X ------------------------------------------------------------------------------------------------------------------- WORTHINGTON INDS INC X n/a X ------------------------------------------------------------------------------------------------------------------- WRIGLEY WM JR CO X n/a X ------------------------------------------------------------------------------------------------------------------- WSM 25.0 STRIKE PUT 02/16/ X n/a n/a ------------------------------------------------------------------------------------------------------------------- XCEL ENERGY INC X n/a X ------------------------------------------------------------------------------------------------------------------- XEROX CAP EUROPE PLC 5.75% X n/a n/a ------------------------------------------------------------------------------------------------------------------- XEROX CAP EUROPE PLC 5.875 X n/a n/a ------------------------------------------------------------------------------------------------------------------- XEROX CORP X n/a X ------------------------------------------------------------------------------------------------------------------- XEROX CORP 6.25% DUE 11/15 X n/a n/a ------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS -------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------- Item 5: Item 3: Item 4: Shares of Item 1: Item 2: CUSIP Fair Market Principal Name of Issuer Title of Class Number Value Amount ------------------------------------------------------------------------------------------------------- XEROX CORP 7.20% DUE 4/1/2 Corp Bond 98412JBA1 1,679,000 2,300 ------------------------------------------------------------------------------------------------------- XILINX INC Cmn 983919101 10,164,678 431,988 ------------------------------------------------------------------------------------------------------- XL CAPITAL LTD -CL A Cmn G98255105 1,786,348 22,612 ------------------------------------------------------------------------------------------------------- XLNX 35.0 STRIKE PUT 01/19 Opt (Put) 983919101 1,225,000 1,000 ------------------------------------------------------------------------------------------------------- XLNX 40.0 STRIKE PUT 01/19 Opt (Put) 983919101 4,212,500 2,500 ------------------------------------------------------------------------------------------------------- XLNX 45.0 STRIKE PUT 01/18 Opt (Put) 983919101 2,300,000 1,000 ------------------------------------------------------------------------------------------------------- XLNX 45.0 STRIKE PUT 01/19 Opt (Put) 983919101 1,080,000 500 ------------------------------------------------------------------------------------------------------- XO COMMUNICATIONS Cmn 983764101 20,500 50,000 ------------------------------------------------------------------------------------------------------- XOMA LTD Cmn G9825R107 126,998 15,065 ------------------------------------------------------------------------------------------------------- XRX 10.0 STRIKE PUT 01/17/ Opt (Put) 984121103 1,230,000 3,000 ------------------------------------------------------------------------------------------------------- XRX 10.0 STRIKE PUT 01/18/ Opt (Put) 984121103 228,000 600 ------------------------------------------------------------------------------------------------------- XTO ENERGY INC Cmn 98385X106 338,985 24,300 ------------------------------------------------------------------------------------------------------- YAHOO! INC Cmn 984332106 2,008,662 227,998 ------------------------------------------------------------------------------------------------------- YHOO 15.0 STRIKE PUT 01/19 Opt (Put) 984332106 982,500 1,500 ------------------------------------------------------------------------------------------------------- COLUMN TOTALS 27,383,171 ------------------------------------------------------------------------------------------------------- ----------------------------- (SEC USE ONLY) ----------------------------- -------------------------------------------------------------------------------------------------------------------- Item 6: Item 8: Investment Discretion Voting Authority (Shares) ------------------------------ --------------------------------- (b) Shared (c) Item 7: Item 1: As Defined Shared- Managers Name of Issuer (a) Sole in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None -------------------------------------------------------------------------------------------------------------------- XEROX CORP 7.20% DUE 4/1/2 X n/a n/a -------------------------------------------------------------------------------------------------------------------- XILINX INC X n/a X -------------------------------------------------------------------------------------------------------------------- XL CAPITAL LTD -CL A X n/a X -------------------------------------------------------------------------------------------------------------------- XLNX 35.0 STRIKE PUT 01/19 X n/a n/a -------------------------------------------------------------------------------------------------------------------- XLNX 40.0 STRIKE PUT 01/19 X n/a n/a -------------------------------------------------------------------------------------------------------------------- XLNX 45.0 STRIKE PUT 01/18 X n/a n/a -------------------------------------------------------------------------------------------------------------------- XLNX 45.0 STRIKE PUT 01/19 X n/a n/a -------------------------------------------------------------------------------------------------------------------- XO COMMUNICATIONS X n/a X -------------------------------------------------------------------------------------------------------------------- XOMA LTD X n/a X -------------------------------------------------------------------------------------------------------------------- XRX 10.0 STRIKE PUT 01/17/ X n/a n/a -------------------------------------------------------------------------------------------------------------------- XRX 10.0 STRIKE PUT 01/18/ X n/a n/a -------------------------------------------------------------------------------------------------------------------- XTO ENERGY INC X n/a X -------------------------------------------------------------------------------------------------------------------- YAHOO! INC X n/a X -------------------------------------------------------------------------------------------------------------------- YHOO 15.0 STRIKE PUT 01/19 X n/a n/a -------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS --------------------------------------------------------------------------------------------------------------------

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