FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 4
Form 13F Information Table Entry Total: 311
Form 13F Information Table Value Total: 1,391,497.76 (in thousands)
List of Other Included Managers:
No. 13F File Number Name
1 28-386 Continental Assurance Company
2 28-387 Continental Casualty Company
3 28-346 CNA Financial Corporation
4 28-172 The Continental Corporation
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 2002
Check here if Amendment [ ] Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: CNA Financial Corporation
Address: CNA Plaza
Chicago, Il 60685
13F File Number: 28-346
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: Lynne Gugenheim
Title: Senior Vice President and Deputy General Counsel
Phone: (312) 822 4921
Signature, Place, and Date of Signing:
August 9, 2002
Chicago, Illinois,
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934
Loews Corporation also has investment discretion over the securities
reported on herein by CNA Financial Corportion, Continental Assurance
Company, Continental Casualty Company, and The Continental Corporation.
Loews Corporation will report separately on securities over
which it has investment discretion which are not part of such holdings.
FORM 13F INFORMATION TABLE
TITLE VALUE OTH SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER OFCLASS CUSIP (x1000) MGRS PRN AMT PRN CALL DSCRETN SOLE SHRD NONE
ACCENTURE LTD-CL A CL A G1150G111 2,490.90 2,3 131,100.00 SH DEFINED 131,100
ACME COMMUNICATIONS INC COM 004631107 485.62 2,3 66,071.00 SH DEFINED 66,071
ACUITY BRANDS INC COM 00508Y102 490.49 1,3 26,950.00 SH DEFINED 26,950
ACXIOM CORP COM 005125109 979.44 1,3 56,000.00 SH DEFINED 56,000
AETNA INC COM 00817Y108 1,385.13 1,3 28,875.00 SH DEFINED 28,875
AFFIL COMPUTER SUBNTCV3.5 008190AF7 3,057.60 1,3 2,400,000.00 PRN DEFINED 55,256
AFFILIATED COMPUTER-A CL A 008190100 2,013.15 1,3 42,400.00 SH DEFINED 42,400
AGCO CORP COM 001084102 138.94 1,3 7,125.00 SH DEFINED 7,125
AGERE SYSTEMS INC-A CL A 00845V100 909.86 2,3 649,900.00 SH DEFINED 649,900
AGILENT TECH INC COM 00846U101 4,235.72 1,2,3 179,100.00 SH DEFINED 179,100
ALCOA INC COM 013817101 4,906.20 1,2,3 148,000.00 SH DEFINED 148,000
ALLSTATE CORPORATION COM 020002101 761.79 1,3 20,600.00 SH DEFINED 20,600
ALLTEL CORP COM 020039103 8,836.00 1,2,3 188,000.00 SH DEFINED 188,000
AMBAC FINANCIAL GRP INC COM 023139108 7,392.00 1,2,3 110,000.00 SH DEFINED 110,000
AMER INTL GROUP DBCV 11/0 026874AP2 1,224.60 2,3 2,000,000.00 PRN DEFINED 12,125
AMERADA HESS COM 023551104 9,075.00 1,2,3 110,000.00 SH DEFINED 110,000
AMERICA ONLINE NOTE 02364JAC8 6,349.50 2,3 12,450,000.00 PRN DEFINED 72,631
AMERICAN EXPRESS COM 025816109 2,360.80 1,3 65,000.00 SH DEFINED 65,000
AMERICAN INTL GROUP INC COM 026874107 2,899.78 1,3 42,500.00 SH DEFINED 42,500
AMERICAN NATL INSURANCE COM 028591105 481.50 1,3 5,000.00 SH DEFINED 5,000
AMERICAN PHYSICIANS CAP COM 028884104 520.54 1,3 28,200.00 SH DEFINED 28,200
AMERISOURCEBERGEN CORP COM 03073E105 3,124.36 1,3 41,110.00 SH DEFINED 41,110
AMGEN INC COM 031162100 5,645.42 1,2,3 134,800.00 SH DEFINED 134,800
ANADARKO PETROLEUM CORP COM 032511107 5,780.43 2,3 117,250.00 SH DEFINED 117,250
ANIXTER INTL INC COM 035290105 328.41 1,3 13,975.00 SH DEFINED 13,975
ANNUITY & LIFE RE HLDGS ORD G03910109 217.98 1,3 12,050.00 SH DEFINED 12,050
ANTEC CORP NOTE 4.5% 5/1 03664PAB1 2,019.38 2,3 2,250,000.00 PRN DEFINED 93,750
AON CORP COM 037389103 11,644.60 1,2,3 395,000.00 SH DEFINED 395,000
APACHE CORP COM 037411105 2,327.94 1,3 40,500.00 SH DEFINED 40,500
APPLIED MATERIALS INC. COM 038222105 2,624.76 1,3 138,000.00 SH DEFINED 138,000
ARDEN REALTY GROUP INC COM 039793104 1,007.13 2,3 35,400.00 SH DEFINED 35,400
ARRIS GROUP COM 04269Q100 175.96 2,3 40,000.00 SH DEFINED 40,000
ARTESYN TECH INC COM 043127109 392.26 1,3 60,525.00 SH DEFINED 60,525
ARVINMERITOR INC COM 043353101 349.80 1,3 14,575.00 SH DEFINED 14,575
AT & T CORPORATION COM 001957109 4,315.31 2,3 403,300.00 SH DEFINED 403,300
AT&T WIRELESS SRVCS INC COM 00209A106 549.86 2,3 93,993.00 SH DEFINED 93,993
ATLAS AIR WORLDWIDE HLDGS COM 049164106 181.30 2,3,4 49,000.00 SH DEFINED 49,000
AVAYA INC COM 053499109 509.36 1,2,3 102,900.00 SH DEFINED 102,900
AVAYA INC LYN10/31/21 053499AA7 1,622.16 1,2,3 4,500,000.00 PRN DEFINED 168,497
BARNES & NOBLE INC COM 067774109 1,492.77 1,3 56,480.00 SH DEFINED 56,480
BARRICK GOLD CORP COM 067901108 1,875.37 2,3 150,000.00 SH DEFINED 150,000
BECTON DICKINSON & CO COM 075887109 2,308.15 2,3 67,000.00 SH DEFINED 67,000
BEDFORD PRPTY INVESTORS COMPR.02 076446301 154.47 2,3 5,700.00 SH DEFINED 5,700
BELLSOUTH CORP COM 079860102 2,520.00 2,3 80,000.00 SH DEFINED 80,000
BISYS GROUP SBCV4 055472AB0 3,118.52 1,3 2,650,000.00 PRN DEFINED 79,356
BISYS GROUP INC/THE COM 055472104 1,691.64 1,3 50,800.00 SH DEFINED 50,800
BJ SERVICES CO COM 055482103 1,524.60 1,2,3 45,000.00 SH DEFINED 45,000
BKF CAPITAL GROUP INC COM 05548G102 188.81 1,3 6,625.00 SH DEFINED 6,625
BOEING COMPANY COM 097023105 1,207.13 1,3 26,825.00 SH DEFINED 26,825
BORG WARNER AUTO INC COM 099724106 457.75 1,3 7,925.00 SH DEFINED 7,925
BOSTON PROPERTIES INC COM 101121101 1,198.50 2,3 30,000.00 SH DEFINED 30,000
BOWNE & CO INC COM 103043105 457.68 1,3 31,050.00 SH DEFINED 31,050
BRANDYWINE REALTY TRUST SHINTNW 105368203 510.23 2,3 19,700.00 SH DEFINED 19,700
BRISTOL-MYERS SQUIBB CO COM 110122108 4,518.06 2,3 175,800.00 SH DEFINED 175,800
BURLINGTON RESOURCES INC COM 122014103 2,116.60 2,3 55,700.00 SH DEFINED 55,700
BURR-BROWN CORP NOTE 4.25 2/1 122574AF3 1,011.61 2,3 1,000,000.00 PRN DEFINED 22,497
CABLEVISION SYSTEMS - CL A 12686C109 1,674.42 1,2,3 177,000.00 SH DEFINED 177,000
CARDINAL HEALTH INC. COM 14149Y108 3,957.08 1,3 64,437.00 SH DEFINED 64,437
CARNIVAL CORP COM 143658102 9,170.93 1,2,3 331,200.00 SH DEFINED 331,200
CATELLUS DEVELOPMENT CORP COM 149111106 2,199.72 2,3 107,724.00 SH DEFINED 107,724
CELESTICA INC SUBVTGSHS 15101Q108 2,250.56 1,2,3 99,100.00 SH DEFINED 99,100
CELESTICA INC LYONZR 15101QAA6 10,279.10 1,2,3 24,380,000.00 PRN DEFINED 138,352
CENDANT CORP DEBT 151313AF0 9,382.09 1,2,3 14,005,000.00 PRN DEFINED 467,767
CENDANT CORPORATION COM 151313103 4,217.73 1,2,3 265,600.00 SH DEFINED 265,600
CENTEX CORP COM 152312104 751.27 1,3 13,000.00 SH DEFINED 13,000
CEPHALON INC COM 156708109 1,310.80 1,3 29,000.00 SH DEFINED 29,000
CHARLES RIVER DBCV 3.5 2/0 159863AL3 1,611.31 1,3 1,450,000.00 PRN DEFINED 37,304
CHARLES RIVER LABS COM 159864107 949.86 1,3 27,100.00 SH DEFINED 27,100
CHARTER COMM INC SUBCV5.75 16117MAB3 2,994.60 2,3 5,600,000.00 PRN DEFINED 259,740
CHARTER COMMUNICATIONS- CLA 16117M107 1,978.80 1,2,3 485,000.00 SH DEFINED 485,000
CHIRON CORP COM 170040109 3,146.15 1,2,3 89,000.00 SH DEFINED 89,000
CHIRON CORP LYONZR31 170040AE9 29,897.88 1,2,3 54,500,000.00 PRN DEFINED 390,291
CISCO SYSTEMS INC COM 17275R102 3,417.75 1,3 245,000.00 SH DEFINED 245,000
CITIGROUP INC COM 172967101 7,478.75 1,2,3 193,000.00 SH DEFINED 193,000
CLEAR CHANNEL NOTE2.625 184502AB8 2,854.80 2,3 3,000,000.00 PRN DEFINED 48,426
CLEAR CHANNEL NOTE1.5 184502AE2 6,240.00 2,3 6,500,000.00 PRN DEFINED 61,425
CLEAR CHANNEL COM 184502102 1,761.10 1,2,3 55,000.00 SH DEFINED 55,000
CLEVELAND-CLIFFS INC COM 185896107 467.13 1,3 16,925.00 SH DEFINED 16,925
CNA SURETY CORPORATION COM 12612L108 399,035.89 2,3,4 27,425,147.00 SH DEFINED 27,425,147
CNF INC COM 12612W104 1,867.67 1,3 49,175.00 SH DEFINED 49,175
COCA COLA CO COM 191216100 1,960.00 1,3 35,000.00 SH DEFINED 35,000
COLT TELECOM GROUP- SPNSADR 196877104 14.98 2,3 5,760.00 SH DEFINED 5,760
COMCAST CORP CL A SPL CLASPL 200300200 2,145.60 1,3 90,000.00 SH DEFINED 90,000
COMMSCOPE INC COM 203372107 237.50 1,3 19,000.00 SH DEFINED 19,000
COMPUTER ASSOC INTL INC COM 204912109 1,280.34 1,3 80,575.00 SH DEFINED 80,575
CONOCO INC COM 208251504 1,876.50 2,3 67,500.00 SH DEFINED 67,500
CORRECTIONS CORP PFDCVB12 22025Y308 0.05 2,3 2.00 SH DEFINED 2
CSX CORP. COM 126408103 2,909.15 2,3 83,000.00 SH DEFINED 83,000
CYTEC INDUSTRIES INC COM 232820100 1,428.16 1,3 45,425.00 SH DEFINED 45,425
DARDEN RESTAURANTS INC COM 237194105 296.40 1,3 12,000.00 SH DEFINED 12,000
DEL MONTE FOODS CO COM 24522P103 429.23 1,3 36,375.00 SH DEFINED 36,375
DELL COMPUTER CORP COM 247025109 2,091.20 1,3 80,000.00 SH DEFINED 80,000
DELPHI FINANCIAL GROUP- CL A 247131105 5,531.46 1,2,3 127,600.00 SH DEFINED 127,600
DILLARDS INC-CL A CL A 254067101 406.18 1,3 15,450.00 SH DEFINED 15,450
DOMINION RESOURCES INC COM 25746U109 1,655.00 1,2,3 25,000.00 SH DEFINED 25,000
DR HORTON INC COM 23331A109 14,837.10 1,2,3 570,000.00 SH DEFINED 570,000
DTE ENERGY COMPANY COM 233331107 892.80 2,3 20,000.00 SH DEFINED 20,000
DU PONT DE NEMOURS E.I. COM 263534109 888.00 2,3 20,000.00 SH DEFINED 20,000
DYCOM INDUSTRIES INC COM 267475101 2,641.17 2,3 225,934.00 SH DEFINED 225,934
DYNEGY INC-CL A CL A 26816Q101 50.22 1,3 6,975.00 SH DEFINED 6,975
EATON VANCE CORP COMNOVTG 278265103 770.64 1,2,3 24,700.00 SH DEFINED 24,700
ECHOSTAR COMM SBCV4.875 278762AD1 453.59 1,3 590,000.00 PRN DEFINED 12,984
ECHOSTAR COMMUNICATIONS CL A 278762109 179.75 1,3 9,685.00 SH DEFINED 9,685
EDO CORP COM 281347104 333.45 1,3 11,700.00 SH DEFINED 11,700
EL PASO CORP COM 28336L109 3,011.12 2,3 146,100.00 SH DEFINED 146,100
ELDERTRUST COMSHINT 284560109 1,644.78 2,3 208,200.00 SH DEFINED 208,200
ELEC DATA SYSTEM SRCVZRO 285661AB0 15,636.81 1,2,3 21,000,000.00 PRN DEFINED 204,317
ELECTRONIC DATA SYSTEMS COM 285661104 1,355.98 1,2,3 36,500.00 SH DEFINED 36,500
ENCANA CORP COM 292505104 1,397.47 2,3 45,669.00 SH DEFINED 45,669
ENTERASYS NETWORKS INC COM 293637104 366.95 1,3 206,150.00 SH DEFINED 206,150
ESTERLINE TECH CORP COM 297425100 586.23 1,3 25,825.00 SH DEFINED 25,825
FIFTH THIRD BANCORP COM 316773100 333.25 1,3 5,000.00 SH DEFINED 5,000
FIRST CITIZENS BCSHS -CL A 31946M103 55.30 1,3 500.00 SH DEFINED 500
FIRST DATA CORP COM 319963104 4,464.00 1,3 120,000.00 SH DEFINED 120,000
FLEET BOSTON FINANCIAL COM 339030108 1,455.75 2,3 45,000.00 SH DEFINED 45,000
FLEMING COS INC COM 339130106 1,130.75 1,3 62,300.00 SH DEFINED 62,300
FMC CORP (NEW) COMNEW 302491303 1,325.22 1,3 43,925.00 SH DEFINED 43,925
FMC TECHNOLOGIES INC COM 30249U101 208.64 1,3 10,050.00 SH DEFINED 10,050
FOOT LOCKER INC COM 344849104 1,713.77 1,3 118,600.00 SH DEFINED 118,600
FOOTSTAR INC COM 344912100 216.56 1,3 8,850.00 SH DEFINED 8,850
FORD CAP TRST II PFD TR CV6.5% 345395206 25,875.00 1,2,3 460,000.00 SH DEFINED 460,000
FORD MOTOR COMPANY COM.01 345370860 15,520.00 1,2,3 970,000.00 SH DEFINED 970,000
FPL GROUP COM 302571104 5,465.09 1,2,3 91,100.00 SH DEFINED 91,100
FRANKLIN RES INC NOTE 5/1 354613AC5 23,672.80 2,3 40,000,000.00 PRN DEFINED 374,416
FREDDIE MAC COM 313400301 13,708.80 1,2,3 224,000.00 SH DEFINED 224,000
FREEPORT MCMORAN COP&GLD CLB 35671D857 1,260.66 1,3 70,625.00 SH DEFINED 70,625
FRONTLINE LTD. ORD G3682E127 2,383.05 1,2,3 250,000.00 SH DEFINED 250,000
GABLES RESIDENTIAL TRUST SHINT 362418105 441.43 1,3 13,825.00 SH DEFINED 13,825
GENENTECH INC COMNEW 368710406 1,306.50 1,3 39,000.00 SH DEFINED 39,000
GENERAL CABLE CORP COM 369300108 254.52 1,3 40,400.00 SH DEFINED 40,400
GENERAL ELECTRIC CO COM 369604103 3,979.85 1,3 137,000.00 SH DEFINED 137,000
GENERAL MOTORS CORP COM 370442105 21,914.50 1,2,3 410,000.00 SH DEFINED 410,000
GENERAL MOTORS-HUGHES ELCT CLH 370442832 816.40 2,3 78,500.00 SH DEFINED 78,500
GENUITY INC-A CLA 37248E202 38.00 2,3 10,000.00 SH DEFINED 10,000
GEORGIA-PACIFIC CORP COMGAPAC 373298108 939.57 1,3 38,225.00 SH DEFINED 38,225
GLIMCHER REALTY TRUST SHINT 379302102 793.65 1,3 42,900.00 SH DEFINED 42,900
GREAT LAKES REIT INC COM 390752103 1,233.70 2,3 65,000.00 SH DEFINED 65,000
HARRIS CORP COM 413875105 362.40 1,3 10,000.00 SH DEFINED 10,000
HCA INC COM 404119109 3,800.00 1,3 80,000.00 SH DEFINED 80,000
HEALTH CARE PPTYS INVEST INC COM 421915109 1,415.70 2,3 33,000.00 SH DEFINED 33,000
HEALTH NET INC COM 42222G108 1,531.91 1,3 57,225.00 SH DEFINED 57,225
HEALTHCARE REALTY TRUST INC COM 421946104 7,292.80 1,2,3 227,900.00 SH DEFINED 227,900
HEALTHSOUTH CORP SBCV3.35 421924AF8 3,920.00 2,3 4,000,000.00 PRN DEFINED 109,200
HEALTHSOUTH CORP. COM 421924101 7,993.75 2,3 625,000.00 SH DEFINED 625,000
HEARST-ARGYLE TELEVISION INC COM 422317107 3,720.75 1,2,3 165,000.00 SH DEFINED 165,000
HERCULES INC COM 427056106 911.76 2,3 78,600.00 SH DEFINED 78,600
HEWLETT-PACKARED CO COM 428236103 935.14 1,3 61,200.00 SH DEFINED 61,200
HOME DEPOT COM 437076102 2,313.99 1,3 63,000.00 SH DEFINED 63,000
HOUSEHOLD INTL INC COM 441815107 7,952.00 1,2,3 160,000.00 SH DEFINED 160,000
IDEC PHARMACEUTICALS CORP COM 449370105 1,208.85 1,2,3 34,100.00 SH DEFINED 34,100
IMC GLOBAL INC COM 449669100 833.75 2,3 66,700.00 SH DEFINED 66,700
INGERSOLL RAND CO CL A G4776G101 1,369.80 2,3 30,000.00 SH DEFINED 30,000
INSITUFORM TECHNOLOGIES-CL A 457667103 148.26 2,3 7,000.00 SH DEFINED 7,000
INSWEB CORPORATION COM 45809K202 252.04 2,3 112,019.50 SH DEFINED 112,020
INTEL CORP COM 458140100 1,446.98 1,3 79,200.00 SH DEFINED 79,200
INTERNATIONAL BUS MACHINE COM 459200101 16,416.00 1,2,3 228,000.00 SH DEFINED 228,000
INTERNATIONAL PAPER CO. COM 460146103 4,358.00 2,3 100,000.00 SH DEFINED 100,000
INTERSTATE BAKERIES COM 46072H108 232.48 1,3 8,050.00 SH DEFINED 8,050
INTL RECTIFIER CORP COM 460254105 376.04 1,3 12,900.00 SH DEFINED 12,900
IONICS INC COM 462218108 1,697.50 2,3 70,000.00 SH DEFINED 70,000
IPC HOLDINGS LTD ORD G4933P101 1,060.50 1,3 34,725.00 SH DEFINED 34,725
IVAX CORP COM 465823102 653.67 1,3 60,525.00 SH DEFINED 60,525
IVAX CORP SRSBNTCV 465823AD4 1,953.00 1,3 2,400,000.00 PRN DEFINED 80,754
JOHNSON & JOHNSON COM 478160104 2,108.17 1,2,3 40,340.00 SH DEFINED 40,340
KELLWOOD CO COM 488044108 364.81 1,3 11,225.00 SH DEFINED 11,225
KENNAMETAL INC COM 489170100 366.00 1,3 10,000.00 SH DEFINED 10,000
KERR MC GEE CORP COM 492386107 7,497.00 1,2,3 140,000.00 SH DEFINED 140,000
KEY3MEDIA GROUP COM 49326R104 17.92 1,3 38,950.00 SH DEFINED 38,950
KEYSPAN CORP COM 49337W100 564.75 2,3 15,000.00 SH DEFINED 15,000
KINDRED HEALTHCARE INC COM 494580103 13.96 2,3 314.00 SH DEFINED 314
KULICKE & SOFFA SUBCV5.75 501242AE1 2,898.00 1,3 3,450,000.00 PRN DEFINED 150,657
KULICKE & SOFFA COM 501242101 1,305.91 1,3 105,400.00 SH DEFINED 105,400
L-3 COMMUNICATIONS CORP COM 502424104 4,845.96 1,3 89,740.00 SH DEFINED 89,740
LABORATORY CRP AMER HLDGS COMNEW 50540R409 8,783.06 1,2,3 192,400.00 SH DEFINED 192,400
LAMAR ADVERTISIN NTCV5.25 512815AF8 2,844.52 1,3 2,800,000.00 PRN DEFINED 60,540
LAMAR ADVERTISING CO CL A 512815101 1,453.05 1,3 39,050.00 SH DEFINED 39,050
LATTICE SEMICOND SUBCV4.75 518415AC8 2,084.71 1,3 2,450,000.00 PRN DEFINED 118,243
LATTICE SEMICONDUCTOR COM 518415104 776.11 1,3 88,800.00 SH DEFINED 88,800
LEAR CORP COM 521865105 1,233.72 1,3 26,675.00 SH DEFINED 26,675
LEHMAN BROS HLDG FRNT 4/0 524908EC0 2,537.50 2,3 2,500,000.00 PRN DEFINED 26,016
LIBERTY MEDIA COMA 530718105 13,480.48 1,2,3 1,348,048.00 SH DEFINED 1,348,048
LINCOLN NATIONAL CORP IN COM 534187109 3,780.00 1,2,3 90,000.00 SH DEFINED 90,000
LOCKHEED MARTIN CORP COM 539830109 3,266.50 1,3 47,000.00 SH DEFINED 47,000
LONGVIEW FIBRE CO COM 543213102 538.82 2,3 57,200.00 SH DEFINED 57,200
LOWES COMPANIES NOTE.861 548661CG0 19,466.80 1,2,3 20,000,000.00 PRN DEFINED 344,240
LOWE'S COS INC COM 548661107 7,431.07 1,2,3 163,680.00 SH DEFINED 163,680
LUBRIZOL CORP COM 549271104 1,330.79 1,3 39,725.00 SH DEFINED 39,725
LUCENT TECHNOLOGIES COM 549463107 4,579.11 1,2,3 2,758,500.00 SH DEFINED 2,758,500
MARATHON OIL CORP COM 565849106 5,535.87 1,2,3 204,125.00 SH DEFINED 204,125
MAXTOR CORP COM 577729205 204.98 1,3 45,350.00 SH DEFINED 45,350
MBIA INC COM 55262C100 1,413.25 2,3 25,000.00 SH DEFINED 25,000
MEDTRONIC INC COM 585055106 6,127.55 1,3 143,000.00 SH DEFINED 143,000
MERRILL LYNCH NOTE 5/2 590188A65 14,187.60 1,2,3 28,000,000.00 PRN DEFINED 159,004
MERRILL LYNCH FRNT 3/1 590188A73 35,268.13 1,2,3 36,500,000.00 PRN DEFINED 504,477
MERRILL LYNCH & CO COM 590188108 4,803.30 1,2,3 118,600.00 SH DEFINED 118,600
METLIFE INC COM 59156R108 5,702.40 1,2,3 198,000.00 SH DEFINED 198,000
MICRON TECHNOLOGY INC COM 595112103 1,516.50 1,3 75,000.00 SH DEFINED 75,000
MICROSOFT CORP COM 594918104 3,008.50 1,3 55,000.00 SH DEFINED 55,000
MILACRON INC COM 598709103 433.15 1,3 42,675.00 SH DEFINED 42,675
MONSANTO CO COM 61166W101 563.82 1,3 31,675.00 SH DEFINED 31,675
MORGAN STANLEY INDIA INVEST COM 61745C105 530.06 2,3 57,366.00 SH DEFINED 57,366
MSDW ASIA PACIFIC FUND COM 61744U106 2,175.71 2,3 252,990.00 SH DEFINED 252,990
NABORS INDS INC DBCV 629568AF3 7,068.00 2,3 12,000,000.00 PRN DEFINED 84,894
NABORS INDUSTRIES INC COM 629568106 317.70 1,3 9,000.00 SH DEFINED 9,000
NACCO INDUSTRIES-CL A CL A 629579103 527.26 1,3 9,075.00 SH DEFINED 9,075
NATIONWIDE FINANCIAL SERV-A CL A 638612101 1,975.00 2,3 50,000.00 SH DEFINED 50,000
NEWHALL LAND & FARMING CO-LP DEPREC 651426108 3,536.00 2,3 110,500.00 SH DEFINED 110,500
NEWMONT MINING CORP HLDG CO COM 651639106 1,711.45 2,3 65,000.00 SH DEFINED 65,000
NEWS AMER INC NOTE 652482AZ3 33,115.52 1,2,3 70,300,000.00 PRN DEFINED 854,025
NEWS CORP LTD -SPONS ADRNEW 652487703 458.60 2,3 20,000.00 SH DEFINED 20,000
NIKE INC CL B CL B 654106103 1,877.75 1,3 35,000.00 SH DEFINED 35,000
NORFOLK SOUTHERN CORP. COM 655844108 13,209.70 2,3 565,000.00 SH DEFINED 565,000
NORTH FORK BANCORP COM 659424105 3,981.00 2,3 100,000.00 SH DEFINED 100,000
NVIDIA CORP COM 67066G104 625.35 1,3 36,400.00 SH DEFINED 36,400
NVIDIA CORP SBNTCV4.75 67066GAA2 1,849.73 1,3 2,250,000.00 PRN DEFINED 48,538
OGDEN CORP SDCV 6.0% 6/0 676346AC3 687.50 2,3 2,500,000.00 PRN DEFINED 63,976
OLD REPUBLIC INTL CORP COM 680223104 8,089.20 1,2,3 256,800.00 SH DEFINED 256,800
OMNICOM GROUP COM 681919106 2,322.06 1,2,3 50,700.00 SH DEFINED 50,700
OMNICOM GROUP NOTE 681919AK2 8,340.12 2,3 9,000,000.00 PRN DEFINED 81,810
ON COMMAND COR- WTBEX 682160122 5.66 2,3 113,266.00 SH CALL DEFINED 113,266
PACIFICARE HEALTH SYSTEMS COM 695112102 377.40 1,3 13,875.00 SH DEFINED 13,875
PALL CORP COM 696429307 2,282.50 2,3 110,000.00 SH DEFINED 110,000
PATHMARK STORES INC COM 70322A101 13,814.67 2,3 734,432.00 SH DEFINED 734,432
PAYCHEX INC COM 704326107 17.52 2,3 560.00 SH DEFINED 560
PAYLESS SHOESOURCE INC COM 704379106 1,634.38 1,3 28,350.00 SH DEFINED 28,350
PEABODY ENERGY CORP COM 704549104 1,981.00 1,3 70,000.00 SH DEFINED 70,000
PEPSI BOTTLING GRP INC COM 713409100 6,160.00 2,3 200,000.00 SH DEFINED 200,000
PEPSICO INCORPORATED COM 713448108 3,952.40 1,3 82,000.00 SH DEFINED 82,000
PERFORMANCE FOOD SUBNTCV5.5 713755AA4 3,263.00 1,3 2,600,000.00 PRN DEFINED 78,907
PERFORMANCE FOOD GRP CO COM 713755106 2,202.59 1,3 65,050.00 SH DEFINED 65,050
PFIZER INC COM 717081103 5,705.00 1,3 163,000.00 SH DEFINED 163,000
PHARMACIA CORPORATION COM 71713U102 2,628.99 2,3 70,200.00 SH DEFINED 70,200
PHILLIPS PETROLEUM CO COM 718507106 674.18 1,3 11,450.00 SH DEFINED 11,450
PHOENIX COMPANIES INC COM 71902E109 2,128.60 2,3 116,000.00 SH DEFINED 116,000
PIONEER STANDARD ELECTR COM 723877106 513.01 1,3 49,375.00 SH DEFINED 49,375
PLUM CREEK TIMBER CO COM 729251108 1,535.00 2,3 50,000.00 SH DEFINED 50,000
PPL CORPORATION COM 69351T106 992.40 2,3 30,000.00 SH DEFINED 30,000
PRECISION DRILLING CORP COM 74022D100 1,153.37 1,3 33,200.00 SH DEFINED 33,200
PREMCOR INC. COM 74045Q104 72.02 2,3 2,800.00 SH DEFINED 2,800
PRESIDENTIAL LIFE CORP COM 740884101 166.72 1,3 8,225.00 SH DEFINED 8,225
PRIME HOSPITALITY CORP COM 741917108 82.81 2,3 6,375.00 SH DEFINED 6,375
PROSPECT STREET INCOME SH COM 743590101 1,016.08 2,3 161,282.86 SH DEFINED 161,283
PROVINCE HEALTHC SBNTCV4.5 743977AC4 1,947.13 1,3 1,850,000.00 PRN DEFINED 69,957
PROVINCE HEALTHCARE CO COM 743977100 1,086.70 1,3 48,600.00 SH DEFINED 48,600
PRUDENTIAL FINANCIAL COM 744320102 2,401.92 2,3 72,000.00 SH DEFINED 72,000
PUBLIC SVC CO N MEX COM 69349H107 446.49 1,3 18,450.00 SH DEFINED 18,450
PULTE CORP COM 745867101 11,266.08 1,2,3 196,000.00 SH DEFINED 196,000
QUALCOMM INC COM 747525103 1,786.85 1,3 65,000.00 SH DEFINED 65,000
QUANTUM CORP DLT & STORAGE COM DSSG 747906204 497.70 1,3 118,500.00 SH DEFINED 118,500
QWEST COMMUNICATIONS INTL COM 749121109 980.00 2,3 350,000.00 SH DEFINED 350,000
R.H. DONNELLEY CORP COMNEW 74955W307 478.29 1,3 17,100.00 SH DEFINED 17,100
RADIAN GROUP INC COM 750236101 671.69 1,3 13,750.00 SH DEFINED 13,750
RAYTHEON COMPANY COMNEW 755111507 1,525.68 1,2,3 37,440.00 SH DEFINED 37,440
REGENERON PHARM NOTE 5.5 75886FAB3 2,054.00 2,3 2,600,000.00 PRN DEFINED 85,947
REPUBLIC BANCORP COM 760282103 447.53 1,3 29,955.00 SH DEFINED 29,955
RESMED INC COM 761152107 423.36 1,3 14,400.00 SH DEFINED 14,400
RESMED INC NOTE 4.0% 6/2 761152AB3 1,199.88 1,3 1,450,000.00 PRN DEFINED 23,927
SARA LEE CORP COM 803111103 1,066.06 1,3 51,650.00 SH DEFINED 51,650
SCANA CORP COM 80589M102 1,994.85 2,3 64,621.00 SH DEFINED 64,621
SCHLUMBERGER LIMITED COM 806857108 2,724.90 1,3 58,600.00 SH DEFINED 58,600
SEMTECH CORP COM 816850101 1,150.77 1,3 43,100.00 SH DEFINED 43,100
SEMTECH CORP SBNTCV4.5 816850AD3 2,273.28 1,3 2,400,000.00 PRN DEFINED 56,832
SENIOR HOUSING PROP TRUST SHINT 81721M109 471.00 2,3 30,000.00 SH DEFINED 30,000
SERVICEMASTER COMPANY COM 81760N109 1,032.43 1,3 75,250.00 SH DEFINED 75,250
SHERWIN WILLIAMS CO COM 824348106 686.89 1,3 22,950.00 SH DEFINED 22,950
SIRIUS SATELLITE RADIO COM 82966U103 6,102.66 2,3 1,619,172.00 SH DEFINED 1,619,172
SIZELER PROP INV SDCV 9.0% 7/1 830137AC9 4,000.00 2,3 4,000,000.00 PRN DEFINED 363,636
SOUTHTRUST CORP COM 844730101 400.29 1,3 15,325.00 SH DEFINED 15,325
SOUTHWEST AIR CO COM 844741108 323.20 1,3 20,000.00 SH DEFINED 20,000
SPANISH BROADCASTING SYS CLA 846425882 2,448.00 2,3 244,800.00 SH DEFINED 244,800
SPRINT CORP-FON GROUP COMFON 852061100 212.20 2,3 20,000.00 SH DEFINED 20,000
SPRINT CORP-PCS GROUP PCSCOM1 852061506 6,283.16 1,2,3,4 1,405,628.00 SH DEFINED 1,405,628
STAR GAS PARTNER SRSBUN 85512C204 302.52 2,3 29,229.00 SH DEFINED 29,229
STARBUCKS CORP COM 855244109 1,739.50 1,3 70,000.00 SH DEFINED 70,000
STEIN MART INC COM 858375108 148.08 1,3 12,475.00 SH DEFINED 12,475
SUNOCO INC COM 86764P109 3,206.70 2,3 90,000.00 SH DEFINED 90,000
TECH DATA CORP COM 878237106 4,053.74 1,2,3 107,100.00 SH DEFINED 107,100
TEEKAY SHIPPING CORP COM Y8564W103 7,400.46 1,2,3 200,500.00 SH DEFINED 200,500
TEJON RANCH COM 879080109 1,215.98 2,3 37,300.00 SH DEFINED 37,300
TELLABS INC COM 879664100 632.56 1,3 102,025.00 SH DEFINED 102,025
TENET HEALTHCARE CORP COM 88033G100 500.85 1,3 7,000.00 SH DEFINED 7,000
TJX COS INC NOTE 872540AL3 9,017.32 1,2,3 11,800,000.00 PRN DEFINED 385,471
TJX COS. INC. NEW COM 872540109 4,435.78 1,2,3 226,200.00 SH DEFINED 226,200
TRANSOCEAN SEDCO DBCV 893830AA7 3,037.50 2,3 5,000,000.00 PRN DEFINED 40,783
TRAVELERS PPTY CASUALT- CL A 89420G109 708.00 1,2,3 40,000.00 SH DEFINED 40,000
TRENWICK GROUP LTD COM G9032C109 27,805.50 2,3 3,707,400.00 SH DEFINED 3,707,400
TRIBUNE CO NEW COM 896047107 3,915.00 1,3 90,000.00 SH DEFINED 90,000
TRINITY INDUSTRIES COM 896522109 306.14 1,3 14,775.00 SH DEFINED 14,775
TRIZEC PROPERTIES INC COM 89687P107 1,018.77 1,3 60,425.00 SH DEFINED 60,425
TYCO INTERNATIONAL LTD COM 902124106 226.29 1,3 16,750.00 SH DEFINED 16,750
UNION PACIFIC COM 907818108 1,227.63 1,3 19,400.00 SH DEFINED 19,400
UNITED PARCEL SERVICE CL B 911312106 2,747.88 1,3 44,500.00 SH DEFINED 44,500
UNIVERSAL CORP-VA COM 913456109 458.75 1,3 12,500.00 SH DEFINED 12,500
UNOCAL CORP COM 915289102 923.50 2,3 25,000.00 SH DEFINED 25,000
US BANCORP COM 902973304 2,101.50 1,2,3 90,000.00 SH DEFINED 90,000
USFREIGHTWAYS CORP COM 916906100 481.90 1,3 12,725.00 SH DEFINED 12,725
VALERO ENERGY CORP COM 91913Y100 7,858.20 1,2,3 210,000.00 SH DEFINED 210,000
VEECO INSTRUMENTS INC. COM 922417100 500.33 1,3 21,650.00 SH DEFINED 21,650
VENATOR GROUP NOTE5.5 922944AB9 2,825.00 1,3 2,500,000.00 PRN DEFINED 158,168
VENTAS INC COM 92276F100 2,585.06 1,2,3 202,750.00 SH DEFINED 202,750
VIAD CORP COM 92552R109 954.20 1,3 36,700.00 SH DEFINED 36,700
VISHAY INTERTECHNOLOGY COM 928298108 494.19 1,3 22,463.00 SH DEFINED 22,463
WAL MART STORES INC COM 931142103 3,548.15 1,3 64,500.00 SH DEFINED 64,500
WASHINGTON MUTUAL INC COM 939322103 1,186.59 1,3 31,975.00 SH DEFINED 31,975
WELLS FARGO & COMPANY COM 949746101 5,006.00 1,3 100,000.00 SH DEFINED 100,000
WEYERHAEUSER COMPANY COM 962166104 319.25 1,3 5,000.00 SH DEFINED 5,000
WILLIAMS COS INC COM 969457100 13.85 3,4 2,312.00 SH DEFINED 2,312
WILSONS THE LEATHER EXPERTS COM 972463103 232.05 1,3 16,575.00 SH DEFINED 16,575
WORLDCOM INC-WORLDCOM GRP COM 98157D106 128.36 1,3 154,650.00 SH DEFINED 154,650
XL CAPITAL LTD-CLASS A CL A G98255105 550.55 1,3 6,500.00 SH DEFINED 6,500
YOUNG BROADCASTING INC- CL A 987434107 1,180.59 1,2,3 66,400.00 SH DEFINED 66,400