FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 1999
Check here if Amendment [ x ]; Amendment Number:1
This Amendment (Check only one.): [ x ] 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:
November 12, 2002
Chicago, Illinois, 60685
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
Assets reported herein are described as having shared
investment discretion among Loews Corporation, CNA
Financial Corporation,The Continental Corporation,
Continental Casualty Company and Continental Assurance
Company. Each of the foregoing entities specifically disclaims
ownership of any securities in this report which are not
beneficially owned by that entity and states that such
assets are solely under the control of its board of directors.
The characterization of shared investment discretion with parent
holding companies is made solely as a consequence of SEC
interpretations regarding control of the subsidiary through
share ownership. Loews Corporation owns approximately 90%
of the outstanding shares of CNA Financial Corporation;
CNA Financial Corporation owns 100% of the outstanding
shares of Continental Casualty Company and The Continental
Corporation; and Continental Casualty Company owns 100%
of the outstanding shares of Continental Assurance Company.
Loews Corporation will report separately on securities over which
it has investment discretion which are not part of this report.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 4
Form 13F Information Table Entry Total: 254
Form 13F Information Table Value Total: 3,180,189 (in thousands)
List of Other Included Managers:
No. 13F File Number Name
1 28-172 The Continental Corporation
2 28 -217 Loews Corporation
3 28-386 Continental Assurance Company
4 28-387 Continental Casualty Company
13F INFORMATION TABLE
CLASS VALUE OTHER PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE CUSIP (X1000) MGRS AMOUNT TYPE CALL DSCRETN SOLE SH NONE
ACME COMMUNICATIONS INC COM 004631107 22,430 4,2 674,595 SH DEFINED 674,595
ACNIELSEN CORP COM 004833109 369 2 15,000 SH DEFINED 15,000
ACX TECHNOLOGIES COM 005123104 0 2,1 2 SH DEFINED 2
ADVANTICA RESTAURANT GRP COM 00758B109 6,785 4,2 3,877,287 SH DEFINED 3,877,287
AES CORP JR SBDB CV 00130HAN5 7,828 3,2 5,330,000 PRN DEFINED
AFFIL COMPUTER SB NT CV 008190AD2 5,673 3,2 4,720,000 PRN DEFINED
AGNICO-EAGLE MINES LTD COM 008474108 2,715 4,2 365,000 SH DEFINED 365,000
AGRIUM INC COM 008916108 42 2,1 5,400 SH DEFINED 5,400
ALEXANDRIA REAL EST EQUITIES COM 015271109 127 4,2 4,000 SH DEFINED 4,000
ALLIANCE FOREST PRODUCTS COM 01859J108 18 2,1 1,500 SH DEFINED 1,500
ALLIN COMMUNICATIONS CORP COM 019924109 1,700 4,2 340,000 SH DEFINED 340,000
ALLTEL CORP COM 020039103 8,298 4,2,1 100,352 SH DEFINED 100,352
ALPHARMA INC SB NT CV 020813AB7 6,290 3,2 5,280,000 PRN DEFINED
ALTIVA FINANCIAL CORP COM 021497300 30 4,2 32,000 SH DEFINED 32,000
ALZA CORP COM 022615108 1,073 4,2 31,000 SH DEFINED 31,000
AMERICA ONLINE INC COM 02364J104 3,018 3,2 40,000 SH DEFINED 40,000
AMERICA WEST HOLDINGS CL B 023657208 442 3,2 21,278 SH DEFINED 21,278
AMERICAN BUSINESS FINL SVCS COM 02476B106 294 4,2 25,042 SH DEFINED 25,042
AMERICAN CAPITAL STRATEGIES COM 024937104 3,697 4,2 162,500 SH DEFINED 162,500
AMERICAN EXPRESS COM 025816109 4,156 3,2 25,000 SH DEFINED 25,000
AMERICAN INTL GROUP INC COM 026874107 1,622 4,2,1 15,002 SH DEFINED 15,002
AMERICAN TOWER NT CV 029912AA0 7,833 3,2 5,600,000 PRN DEFINED
AMGEN INC COM 031162100 4,445 3,2,1 74,000 SH DEFINED 74,000
AMR CORP COM 001765106 2,345 4,2 35,000 SH DEFINED 35,000
ANHEUSER BUSCH CO COM 035229103 3,551 3,4,2 50,100 SH DEFINED 50,100
ANTEC CORP SB NT CV 03664PAA3 3,893 4,2 2,250,000 PRN DEFINED
APPLIED MATERIALS INC. COM 038222105 8,754 3,2,1 69,100 SH DEFINED 69,100
ARCHER DANIELS COM 039483102 4,790 2 395,078 SH DEFINED 395,078
ARGUSS HOLDINGS INC COM 040282105 4,744 4,2 364,912 SH DEFINED 364,912
ASHANTI GOLDFIELDS GDR 043743202 1,260 4,2 480,000 SH DEFINED 480,000
AT & T CORPORATION COM 001957109 12,891 3,4,2 254,000 SH DEFINED 254,000
AUTOTOTE CORP CL A 053323101 1,626 4,2 500,403 SH DEFINED 500,403
AVIRON SB NT CV 053762AC4 212 2 250,000 PRN DEFINED
BANGOR HYDRO-ELECTRIC CO COM 060077104 110 4,2 6,700 SH DEFINED 6,700
BANK UNITED CORP CL A 065412108 1,908 3,2 70,000 SH DEFINED 70,000
BARRICK GOLD CORP COM 067901108 27 2,1 1,500 SH DEFINED 1,500
BAYCORP HOLDINGS LTD COM 072728108 6,469 3,4,2 667,842 SH DEFINED 667,842
BCE INC. COM 05534B109 234 2,1 2,600 SH DEFINED 2,600
BEVERLY ENTERPRISES INC COM 087851309 3,653 4,2 834,900 SH DEFINED 834,900
BIOGEN INC COM 090597105 1,115 2,1 13,200 SH DEFINED 13,200
BUCKHEAD AMERICA CORP COM 11835A105 120 4,2 21,579 SH DEFINED 21,579
BUILDING ONE SERVICES CORP COM 120114103 516 4,2 54,718 SH DEFINED 54,718
BURLINGTON RESOURCES INC COM 122014103 1,818 4,2 55,000 SH DEFINED 55,000
CABOT INDUSTRIAL TRUST COM 127072106 257 4,2 14,000 SH DEFINED 14,000
CANADIAN IMPERIAL BANK COMM COM 136069101 85 2,1 3,600 SH DEFINED 3,600
CANADIAN NATL RAILWAY CO COM 136375102 6 3,2 224 SH DEFINED 224
CANADIAN OCCIDENTAL PETE COM 136420106 43 2,1 2,200 SH DEFINED 2,200
CAPITAL ONE FINANCIAL CORP COM 14040H105 241 4,2 5,000 SH DEFINED 5,000
CARDINAL HEALTH INC. COM 14149Y108 3,333 3,2 69,625 SH DEFINED 69,625
CARNIVAL CORP COM 143658102 2,343 3,2 49,000 SH DEFINED 49,000
CATELLUS DEVELOPMENT CORP COM 149111106 1,380 4,2 107,724 SH DEFINED 107,724
CH ENERGY GROUP INC. COM 12541M102 1,073 4,2 32,500 SH DEFINED 32,500
CHARTER COMMUNICATIONS INC-A CL A 16117M107 2,188 4,2 100,000 SH DEFINED 100,000
CHECKPOINT SYS SDBCV 162825AA1 2,723 3,2 3,730,000 PRN DEFINED
CISCO SYSTEMS INC COM 17275R102 13,991 3,2,1 130,600 SH DEFINED 130,600
CITIGROUP INC COM 172967101 4,501 3,2 81,000 SH DEFINED 81,000
CNA INCOME SHARES INC COM 126119106 871 4,2 122,198 SH DEFINED 122,198
CNA SURETY CORPORATION COM 12612L108 352,253 4,2,1 27,096,347 SH DEFINED 27,096,347
COCA COLA CO COM 191216100 355 2,1 6,100 SH DEFINED 6,100
COLUMBIA HCA HEALTHCARE COM 197677107 2,931 4,2 100,000 SH DEFINED 100,000
COMCAST CORP CL A SPL 200300200 11,124 3,4,2 220,000 SH DEFINED 220,000
COMMUNICATION INTELLIGENCE COM 20338K106 6,188 4,2 750,000 SH DEFINED 750,000
CONECTIV INC COM 206829103 883 4,2 52,500 SH DEFINED 52,500
COX COMMUNICATIONS INC CL A 224044107 721 2,1 14,000 SH DEFINED 14,000
CREDENCE SYSTEMS NT CV 225302AC2 3,768 3,2 2,750,000 PRN DEFINED
CREDENCE SYSTEMS CORP COM 225302108 519 2 6,000 SH DEFINED 6,000
CRESCENT REAL ESTATE EQT CO COM 225756105 2,664 4,2 145,000 SH DEFINED 145,000
CROWN RESOURCE CORP COM 228569109 940 4,2 501,400 SH DEFINED 501,400
CYPRESS SEMICON SUB NT CONV 232806AD1 7,245 3,2 4,950,000 PRN DEFINED
DELL COMPUTER CORP COM 247025109 2,055 2,1 40,300 SH DEFINED 40,300
DELTA AIR INC COM 247361108 1,245 4,2 25,000 SH DEFINED 25,000
DONALDSON LUFKIN & JENRETTE COM 257661108 726 4,2 15,000 SH DEFINED 15,000
EASTERN UTILITIES ASSOC COM 277173100 3,486 4,2 115,000 SH DEFINED 115,000
EAST-WEST BANCORP INC. COM 27579R104 22,874 4,2 2,000,000 SH DEFINED 2,000,000
ECOLAB INC COM 278865100 47 2 1,200 SH DEFINED 1,200
EMC CORP SUB NT CONV 268648AE2 2,620 4,2 2,000,000 PRN DEFINED
EMC CORPORATION COM 268648102 6,555 3,2 60,000 SH DEFINED 60,000
ENGEL GENERAL DEVELOPERS ORD M40515104 360 4,2 120,000 SH DEFINED 120,000
ENRON CORP COM 293561106 6,213 3,2 140,000 SH DEFINED 140,000
EQUANT NV NY REG SHS 294409107 3,360 3,2 30,000 SH DEFINED 30,000
EQUITY OFFICE PROPERTIES TR PFD CV B 294741509 7,293 4,2 187,000 SH DEFINED 187,000
ESTEE LAUDER COMPANIES CL A 518439104 50 4,2 1,000 SH DEFINED 1,000
EXIGENT INTERNATIONAL INC COM 302056106 0 3,2 125 SH DEFINED 125
EXIGENT INTERNATIONAL INC WT EXP 302056114 0 3,2 200 SH CALL DEFINED
FIRST ALLIANCE CORP COM 317936102 492 4,2 262,500 SH DEFINED 262,500
FIRST DATA CORP COM 319963104 3,698 3,2 75,000 SH DEFINED 75,000
FOX ENTERTAINMENT GRP INC CL A 35138T107 2,494 4,2 100,000 SH DEFINED 100,000
FRIEDMAN BILLINGS RAMSEY CL A 358433100 402 4,2 51,000 SH DEFINED 51,000
GENENTECH INC SUB DEB CV 368710AA7 6,878 4,2 7,165,000 PRN DEFINED
GENERAL COMMUNICATION CL A 369385109 35 3,2 7,913 SH DEFINED 7,913
GENERAL ELECTRIC CO COM 369604103 6,654 3,2 43,000 SH DEFINED 43,000
GENZYME CORP SB NT CV 372917AF1 3,456 2 2,700,000 PRN DEFINED
GILLETTE CO. COM 375766102 3,892 3,2,1 94,500 SH DEFINED 94,500
GLAMIS GOLD LTD COM 376775102 2,538 4,2 1,400,640 SH DEFINED 1,400,640
GLENBOROUGH REALTY TRUST COM 37803P105 334 4,2 25,000 SH DEFINED 25,000
GLOBAL CROSSING LTD COM G3921A100 1,822,137 4,2 36,442,735 SH DEFINED 36,442,735
GOLD RESERVE INC CL A 38068N108 1,045 4,2 1,114,950 SH DEFINED 1,114,950
GOLD STANDARD INC COM 380724302 104 4,2 82,813 SH DEFINED 82,813
GOLDCORP INC CL A SUB VT 380956102 2,155 4,2 375,000 SH DEFINED 375,000
GOLDEN STATE BANCORP COM 381197102 2,382 4,2 138,100 SH DEFINED 138,100
GOLDMAN SACHS GROUP INC COM 38141G104 94 2,1 1,000 SH DEFINED 1,000
GREENPOINT FINANCIAL CORP COM 395384100 1,219 4,2 51,200 SH DEFINED 51,200
HAYES LEMMERZ INTL INC COM COM 420781106 4,961 4,2 284,500 SH DEFINED 284,500
HEALTHCARE REALTY TRUST COM 421946104 4,555 4,2 291,500 SH DEFINED 291,500
HEALTHSOUTH CORP. COM 421924101 3,763 4,2 700,000 SH DEFINED 700,000
HEWLET-PACKARD SB LYON ZR 428236AC7 41,669 4,2 60,500,000 PRN DEFINED
HEWLETT-PACK FIN SB LYONZR 428236AA1 10,181 4,2 15,000,000 PRN DEFINED
HOME DEPOT COM 437076102 2,207 2,1 32,100 SH DEFINED 32,100
HOMESTAKE MINING CO COM 437614100 1,419 4,2 181,639 SH DEFINED 181,639
HOMETOWN BUFFET SUBNTCONV 437862AA3 166 3,2 165,000 PRN DEFINED
HORIZON GROUP PROPERTIES COM 44041U102 2 4,2 630 SH DEFINED 630
HUMANA INC. COM 444859102 1,433 4,2 175,000 SH DEFINED 175,000
IDACORP INC COM 451107106 1,341 4,2 50,000 SH DEFINED 50,000
ILLINOIS TOOL WORKS INC COM 452308109 3,500 3,2 51,800 SH DEFINED 51,800
IMPERIAL CREDIT COMMERCIAL COM 45272T102 1,706 4,2 150,000 SH DEFINED 150,000
IMPERIAL OIL LTD-CO. PERTOLIN COM 453038408 70 2,1 3,300 SH DEFINED 3,300
INCO LTD COM 453258402 31 2,1 1,300 SH DEFINED 1,300
INFINITY BROADCASTING CORP CL A 45662S102 2,750 3,2 76,000 SH DEFINED 76,000
INSWEB CORPORATION COM 45809K103 57,360 4,2 2,243,967 SH DEFINED 2,243,967
INTEL CORP COM 458140100 5,433 3,2,1 66,000 SH DEFINED 66,000
INTERMEDIA COMMUNICATIONS COM 458801107 4,192 3,2 108,000 SH DEFINED 108,000
INTL BUSINESS MACHINE COM 459200101 6,577 3,4,2 60,900 SH DEFINED 60,900
INTERSTATE BAKERIES COM 46072H108 2,266 4,2 125,000 SH DEFINED 125,000
JPS INDUSTRIES INC COM 46624E405 1,415 4,2 419,243 SH DEFINED 419,243
KANSAS CITY SOUTHERN INDS COM 485170104 1,895 2,1 25,400 SH DEFINED 25,400
KEMPER INTERMEDIATE GOVT TR SH BEN INT 488413105 964 4,2 149,800 SH DEFINED 149,800
KEYSPAN CORPORATION COM 49337W100 9,086 4,2 391,860 SH DEFINED 391,860
KEYSTONE FINANCIAL INC COM 493482103 21 2,1 1,013 SH DEFINED 1,013
KROGER COMPANY COM 501044101 5,383 3,4,2 285,200 SH DEFINED 285,200
L-3 COMMUNICATIONS CORP COM 502424104 1,819 3,2 43,700 SH DEFINED 43,700
LAIDLAW INC COM 50730K503 16 2 3,000 SH DEFINED 3,000
LASALLE RE HOLDINGS ORD G5383Q101 23,518 4,2 1,425,354 SH DEFINED 1,425,354
LIBERTY MEDIA COM 001957208 15,948 3,2 281,024 SH DEFINED 281,024
LIBERTY PROPERTY TRUST SH BRN INT 531172104 1,156 4,2 46,700 SH DEFINED 46,700
LILLY (ELI) & CO. COM 532457108 2,514 3,2 37,800 SH DEFINED 37,800
LORAL SPACE & COMM COM G56462107 3,926 3,2 161,500 SH DEFINED 161,500
LUCENT TECHNOLOGIES COM 549463107 743 2,1 9,900 SH DEFINED 9,900
MACK-CALI REALTY CORP COM 554489104 261 4,2 10,000 SH DEFINED 10,000
MAXIM INTEGRATED PRODUCTS COM 57772K101 1,472 2,1 31,200 SH DEFINED 31,200
MCI WORLDCOM INC. COM 55268B106 3,184 3,2 60,000 SH DEFINED 60,000
MCKESSON HBOC INC COM 58155Q103 6,750 4,2 300,000 SH DEFINED 300,000
MCLEODUSA INC-CL A COM 582266102 648 2 11,000 SH DEFINED 11,000
MEDIAONE GROUP, INC COM 58440J104 10,532 4,2,1 137,117 SH DEFINED 137,117
MEDTRONIC INC COM 585055106 4,970 3,2,1 136,400 SH DEFINED 136,400
MELLON FINANCIAL CORP COM 58551A108 443 2 13,000 SH DEFINED 13,000
MERIDIAN GOLD INC COM 589975101 2,475 4,2 365,000 SH DEFINED 365,000
MGIC AETNA INC. COM 008117103 35,441 4,2 635,000 SH DEFINED 635,000
MGIC GPU INC. COM 36225X100 1,041 4,2 35,000 SH DEFINED 35,000
MICROCELL TELECOMM CL B NON VT 59501T304 1,583 4,2 48,147 SH DEFINED 48,147
MICROSOFT CORP COM 594918104 5,639 3,2,1 48,300 SH DEFINED 48,300
MIRAGE RESORTS INC COM 60462E104 749 2,1 49,500 SH DEFINED 49,500
MOLEX CL A 608554200 3,511 3,2 77,595 SH DEFINED 77,595
MONSANTO CO ADJ CONVR 611662305 166 2 5,000 SH DEFINED 5,000
MONSANTO CO COM 611662107 2,850 3,2 80,000 SH DEFINED 80,000
MORRISON KNUDSEN CORP WT EXP 61844A117 0 2,1 35 SH CALL DEFINED
MOTOROLA INC COM 620076109 5,743 3,2 39,000 SH DEFINED 39,000
MSDW ASIA PACIFIC FUND COM 61744U106 2,243 4,2 189,900 SH DEFINED 189,900
MSDW INDIA INVESTMENT FUND COM 61745C105 2,102 4,2 127,400 SH DEFINED 127,400
NACCO INDS INC CL A CL A 629579103 950 4,2 17,100 SH DEFINED 17,100
NATL DATA CORP SUB NT CONV 635621AA3 4,323 3,2 4,750,000 PRN DEFINED
NETOPIA INC COM 64114K104 867 2,1 15,957 SH DEFINED 15,957
NIAGARA MOHAWK HOLDINGS INC COM 653520106 3,299 4,2 236,700 SH DEFINED 236,700
NORFOLK SOUTHERN CORP. COM 655844108 1,722 4,2 84,000 SH DEFINED 84,000
NORTH FORK BANCORPORATION COM 659424105 2,211 4,2 127,250 SH DEFINED 127,250
NOVA CHEMICALS CORP COM 66977W109 14 2,1 718 SH DEFINED 718
OGE ENERGY CORP COM 670837103 1,222 4,2 64,300 SH DEFINED 64,300
ON COMMAND CORPORATION COM 682160106 6,521 4,2 352,480 SH DEFINED 352,480
ON COMMAND CORPORATION WT B EX 682160122 754 4,2 123,130 SH CALL DEFINED
ORBITAL SCIENCES SB NT CV 685564AC0 358 3,2 420,000 PRN DEFINED
OWENS-ILL INC PFD CONV 690768502 3,084 4,2 98,700 SH DEFINED 98,700
OWENS-ILLINOIS INC COM 690768403 2,967 4,2 118,400 SH DEFINED 118,400
PACTIV CORPORATION COM 695257105 2,019 4,2 190,000 SH DEFINED 190,000
PAYCHEX INC COM 704326107 814 2,1 20,350 SH DEFINED 20,350
PENNEY (J.C.) CO. INC. COM 708160106 1,396 4,2 70,000 SH DEFINED 70,000
PEPSI BOTTLING GROUP INC COM 713409100 7,619 4,2 460,000 SH DEFINED 460,000
PEPSICO INCORPORATED COM 713448108 3,490 3,2 99,000 SH DEFINED 99,000
PFIZER INC COM 717081103 5,135 3,2,1 158,300 SH DEFINED 158,300
PHILIP MORRIS COMPANIES INC COM 718154107 3,450 4,2 150,000 SH DEFINED 150,000
PITNEY-BOWES INC COM 724479100 1,981 3,2 41,000 SH DEFINED 41,000
PLACER DOME INC COM 725906101 4,375 4,2,1 406,952 SH DEFINED 406,952
POLICY MANAGEMENT SYSTEMS COE COM 731108106 38,829 4,2 1,519,024 SH DEFINED 1,519,024
POTASH CORP OF SASKATCHEWAN COM 73755L107 4,236 4,2 87,900 SH DEFINED 87,900
POTOMAC ELECTRIC POWER COM 737679100 19,519 4.2 851,000 SH DEFINED 851,000
PREMIER PARKS COM 740540208 315 2 10,900 SH DEFINED 10,900
PRENTISS PROPERTIES TRUST SH BEN INT 740706106 86 4,2 4,000 SH DEFINED 4,000
PRICE (T. ROWE) ASSOCIATES COM 741477103 646 2,1 17,500 SH DEFINED 17,500
PRIME HOSPITALITY CORP COM 741917108 56 4,2 6,375 SH DEFINED 6,375
PRIME RETAIL INC COM 741570105 71 4,2 12,600 SH DEFINED 12,600
PRISON REALTY TRUST INC COM 74264N105 2,169 4,2 428,400 SH DEFINED 428,400
PROCTER & GAMBLE CO COM 742718109 6,398 3,2,1 58,400 SH DEFINED 58,400
PROGRESSIVE CORP COM 743315103 1,009 2,1 13,800 SH DEFINED 13,800
PROVIDIAN FINANCIAL CORP COM 74406A102 801 2,1 8,800 SH DEFINED 8,800
PSINET INC COM 74437C101 2,624 3,2 42,500 SH DEFINED 42,500
PUBLIC SERVICE CO OF N MEX COM 744499104 1,430 4,2 88,000 SH DEFINED 88,000
RADIO ONE INC CL A 75040P108 956 4,2,1 10,391 SH DEFINED 10,391
REYNOLDS METALS CO COM 761763101 7,364 4,2 96,100 SH DEFINED 96,100
RGS ENERGY GROUP INC COM 74956K104 1,594 4,2 77,500 SH DEFINED 77,500
ROCKWELL INTL CORP COM 773903109 2,901 4,2 60,600 SH DEFINED 60,600
SAFEWAY INC COM 786514208 3,862 3,4,2,1 108,600 SH DEFINED 108,600
SANMINA CORP SB DB CV 800907AA5 1,489 3,2 1,130,000 PRN DEFINED
SANMINA CORP SUB NTCV 800907AB3 4,901 3,2 3,720,000 PRN DEFINED
SCANA CORP COM 805898103 14,513 4,2 540,000 SH DEFINED 540,000
SCHERING PLOUGH COM 806605101 5,273 3,2 125,000 SH DEFINED 125,000
SCHLUMBERGER LIMITED COM 806857108 4,196 3,2 74,600 SH DEFINED 74,600
SCHWAB(CHARLES) CORP COM 808513105 1,186 2,1 31,000 SH DEFINED 31,000
SEACOR HOLDINGS SUBNTCV 811904AE1 241 2 250,000 PRN DEFINED
SEAGATE TECHNOLOGY INC. COM 811804103 4,610 4,2 99,000 SH DEFINED 99,000
SEPRACOR INC SB DB CV 817315AF1 5,544 3,2 5,200,000 PRN DEFINED
SFX ENTERTAINMENT INC CL A 784178105 36 4,2 1,000 SH DEFINED 1,000
SIEBEL SYSTEMS INC COM 826170102 2,050 2,1 24,400 SH DEFINED 24,400
SIERRA PACIFIC RESOURCES COM 826428104 999 4,2 57,500 SH DEFINED 57,500
SMITH CHARLES E RESIDENTIAL COM 832197107 265 4,2 7,500 SH DEFINED 7,500
SOLUTIA INC COM 834376105 309 2 20,000 SH DEFINED 20,000
SPANISH BROADCASTING SYS CL A 846425882 403 4,2 10,000 SH DEFINED 10,000
SPEEDWAY MOTORSP SB DB CV 847788AC0 4,948 3,2 4,781,000 PRN DEFINED
SPLITROCK SERVICES INC COM 848636304 1,538 4,2 77,364 SH DEFINED 77,364
SPRINT CORP COM 852061100 6,318 3,2,1 93,856 SH DEFINED 93,856
SPRINT CORP (PCS GROUP) COM SER 1 852061506 73 2,1 714 SH DEFINED 714
ST. LAURENT PAPERBOARD COM 790907109 25 2,1 1,900 SH DEFINED 1,900
STAR GAS PARTNER-SEN SUB UTS SR SUB UN 85512C204 215 4,2 42,434 SH DEFINED 42,434
STMICROELECTRON SB LYONZR 861012AB8 44,864 3,4,2 35,050,000 PRN DEFINED
STORAGE TECHNOLOGY COM 862111200 51 3,2 2,754 SH DEFINED 2,754
SUN MICROSYSTEMS INC COM 866810104 5,188 3,2 67,000 SH DEFINED 67,000
SUNBEAM CORP SRSDCV ZR 867071AA0 14,914 4,2 97,000,000 PRN DEFINED
TANDY CORP COM 875382103 3,197 3,2 65,000 SH DEFINED 65,000
TECNOMATIX TECHNOLOGIES ORD M8743P105 29 4,2 1,000 SH DEFINED 1,000
TELLABS INC COM 879664100 4,878 3,2 76,000 SH DEFINED 76,000
TEXAS INSTRUMENTS INC COM 882508104 5,909 3,2 61,000 SH DEFINED 61,000
THOUSAND TRAILS, INC COM 885502104 798 4,2 159,660 SH DEFINED 159,660
TIME WARNER INC COM 887315109 8,005 4,2,1 110,700 SH DEFINED 110,700
TORONTO DOMINION BK COM 891160509 139 2,1 5,200 SH DEFINED 5,200
TOWER AUTOMOTIVE SB NT CV 891707AE1 4,732 3,2 5,600,000 PRN DEFINED
TRANSCANADA PIPELINES LTD. COM 893526103 31 2,1 3,592 SH DEFINED 3,592
TRIBUNE CO NEW COM 896047107 5,451 3,4,2 99,000 SH DEFINED 99,000
TYCO INTERNATIONAL LTD COM 902124106 4,276 3,2 110,000 SH DEFINED 110,000
UGLY DUCKLING CORP COM 903512101 344 4,2 50,000 SH DEFINED 50,000
UNITED TECHNOLOGIES CORP. COM 913017109 3,016 3,2 46,400 SH DEFINED 46,400
UNOCAL CORP COM 915289102 2,651 4,2 79,000 SH DEFINED 79,000
US AIR GROUP INC COM 911905107 2,323 4,2 72,462 SH DEFINED 72,462
US WEST INC COM 91273H101 21 2,1 293 SH DEFINED 293
USEC INC COM 90333E108 2,867 4,2 409,500 SH DEFINED 409,500
UST INC COM 902911106 12,594 4,2 500,000 SH DEFINED 500,000
WAL MART STORES INC COM 931142103 3,767 3,2 54,500 SH DEFINED 54,500
WARNER LAMBERT CO COM 934488107 926 4,2,1 11,300 SH DEFINED 11,300
WASHINGTON GAS LIGHT CO COM 938837101 3,025 4,2 110,000 SH DEFINED 110,000
WASHINGTON REAL ESTATE INV SH BEN INT 939653101 60 4,2 4,000 SH DEFINED 4,000
WASTE MANAGEMENT INC COM 94106L109 9,178 4,2 534,000 SH DEFINED 534,000
WELLS FARGO COMPANY COM 949746101 3,639 3,2 90,000 SH DEFINED 90,000
WILLIAMS COS INC COM 969457100 7,467 3,4,2,1 244,312 SH DEFINED 244,312
WIND RIVER SYSTEMS COM 973149107 187 3,2 5,100 SH DEFINED 5,100
WIND RIVER SYSTM SUB NT CONV 973149AC1 3,468 3,2 2,725,000 PRN DEFINED
WISCONSIN ENERGY CORP COM 976657106 1,136 4,2 59,000 SH DEFINED 59,000
WPS RESOURCES CORP COM 92931B106 1,088 4,2 43,300 SH DEFINED 43,300
XEROX CORP COM 984121103 2,496 4,2 110,000 SH DEFINED 110,000
XTRA CORP COM 984138107 686 3,2 16,089 SH DEFINED 16,089