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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 13F

       INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS PURSUANT
  TO SECTION 13(f) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES THEREUNDER

         REPORT FOR THE CALENDAR YEAR OR QUARTER ENDED

                                 March 31, 2001
- --------------------------------------------------------------------------------
                (PLEASE READ INSTRUCTIONS BEFORE PREPARING FORM.)
- --------------------------------------------------------------------------------

IF AMENDED REPORT CHECK HERE: |_|

Allstate Life Insurance Company
- --------------------------------------------------------------------------------
NAME OF INSTITUTIONAL INVESTMENT MANAGER

3075 Sanders Road, Suite 64A          Northbrook         Illinois     60062-7127
- --------------------------------------------------------------------------------
BUSINESS ADDRESS         (STREET)       (CITY)            (STATE)     (ZIP)

Doug Welch     Assistant Vice President, Unvestment Operations    (847) 402-7581
- --------------------------------------------------------------------------------
NAME, PHONE NO., AND TITLE OF PERSON DULY AUTHORIZED TO SUBMIT THIS REPORT.

- ------------------------------------ATTENTION-----------------------------------
           INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE
                          FEDERAL CRIMINAL VIOLATIONS.
                    SEE 18 U.S.C. 1001 AND 15 U.S.C. 78FF(A).
- --------------------------------------------------------------------------------

     THE  INSTITUTIONAL   INVESTMENT   MANAGER  SUBMITTING  THIS  FORM  AND  ITS
ATTACHMENTS  AND THE  PERSON  BY WHOM IT IS  SIGNED  REPRESENT  HEREBY  THAT ALL
INFORMATION  CONTAINED THEREIN IS TRUE,  CORRECT AND COMPLETE.  IT IS UNDERSTOOD
THAT ALL REQUIRED ITEMS,  STATEMENTS AND SCHEDULES ARE CONSIDERED INTEGRAL PARTS
OF THIS  FORM AND THAT  THE  SUBMISSION  OF ANY  AMENDMENT  REPRESENTS  THAT ALL
UNAMENDED ITEMS,  STATEMENTS AND SCHEDULES REMAIN TRUE,  CORRECT AND COMPLETE AS
PREVIOUSLY SUBMITTED.

     PURSUANT  TO THE  REQUIREMENTS  OF  SECURITIES  EXCHANGE  ACT OF 1934,  THE
UNDERSIGNED INSTITUTIONAL INVESTMENT MANAGER HAS CAUSED THIS REPORT TO BE SIGNED
ON ITS BEHALF IN ON THE 11 DAY OF FEBRUARY, 2000.


                                      ------------------------------------------
                                      (NAME OF INSTITUTIONAL INVESTMENT MANAGER)


                                      ------------------------------------------
                                      (MANUAL    SIGNATURE    OF   PERSON   DULY
                                      AUTHORIZED TO SUBMIT THIS REPORT)

Report Type:

[X]      13F HOLDINGS REPORT.

[ ]      13F NOTICE.

[ ]      13F COMBINATION REPORT.

NAME AND 13F FILE NUMBERS OF ALL INSTITUTIONAL  INVESTMENT MANAGERS WITH RESPECT
TO WHICH THIS SCHEDULE IS FILED (OTHER THAN THE ONE FILING THIS  REPORT):  (LIST
IN ALPHABETICAL ORDER).

13F FILE NUMBERS WILL BE ASSIGNED TO  INSTITUTIONAL  INVESTMENT  MANAGERS  AFTER
THEY FILE THEIR FIRST REPORT.

NAME:                                                          13F FILE NO.:
- -------------------------------------------------------------- ---------------
1.
- -------------------------------------------------------------- ---------------
2.
- -------------------------------------------------------------- ---------------
3.
- -------------------------------------------------------------- ---------------
4.
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5.
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FORM 13F REPORT NAME OF REPORTING MANAGER: ALLSTATE LIFE INSURANCE COMPANY - ----------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 INVESTMENT DISCRETION VOTING AUTHORITY FAIR SHARES OR SHARED (SHARES) NAME OF ISSUER TITLE CUSIP MARKET PRINCIPAL SOLE SHARED OTHER MANA- SOLE SHARED NONE CLASS NUMBER VALUE AMOUNT (A) (B) (C) GERS (A) (B) (C) - ----------------------------------------------------------------------------------------------------------------------------------- 3 COM COMMON STOCK 885535104 57,760 10,100 X 1 X A D C TELECOM COMMON STOCK 000886101 430,950 50,700 X 1 X ABBOTT LABS COMMON STOCK 002824100 976,833 20,700 X 1 X ADVANCED MICRO DEVICES COMMON STOCK 007903107 302,556 11,400 X 1 X ALUMINUM CO OF AMERICA COMMON STOCK 013817101 588,573 16,372 X 1 X AMERICAN EXPRESS COMMON STOCK 025816109 330,400 8,000 X 1 X AMERICAN GENERAL COMMON STOCK 026351106 1,174,887 30,716 X 1 X AMERICAN HOME PRODUCTS COMMON STOCK 026609107 775,500 13,200 X 1 X AMERICAN INTL COMMON STOCK 026874107 2,798,341 34,762 X 1 X AMGEN COMMON STOCK 031162100 1,017,169 16,900 X 1 X ANALOG DEVICES COMMON STOCK 032654105 395,016 10,900 X 1 X AOL TIME WARNER INC COMMON STOCK 00184A105 2,531,458 63,050 X 1 X APPLIED MATERIALS COMMON STOCK 038222105 543,750 12,500 X 1 X AT & T COMMON STOCK 001957109 1,468,848 68,960 X 1 X AT&T CORP - LIBERTY MEDIA -A COMMON STOCK 001957208 435,400 31,100 X 1 X ATMEL CORP COMMON STOCK 049513104 120,694 12,300 X 1 X AUTOMATIC DATA PROCESSING COMMON STOCK 053015103 206,644 3,800 X 1 X BANK OF AMERICA CORP COMMON STOCK 060505104 1,299,437 23,734 X 1 X BANK OF NEW YORK COMMON STOCK 064057102 216,656 4,400 X 1 X BANK ONE CORPORATION COMMON STOCK 06423A103 249,642 6,900 X 1 X BAXTER INTL COMMON STOCK 071813109 1,110,852 11,800 X 1 X BECKMAN COULTER INC COMMON STOCK 075811109 500,352 12,800 X 1 X BELLSOUTH COMMON STOCK 079860102 1,162,128 28,400 X 1 X BIOVAIL CORP NON-REDEEM P/S 09067J208 427,520 6,400 X 1 X BJ SERVICES COMMON STOCK 055482103 405,840 5,700 X 1 X BOEING COMMON STOCK 097023105 857,934 15,400 X 1 X BRISTOL-MYERS-SQUIBB COMMON STOCK 110122108 2,096,820 35,300 X 1 X C I G N A COMMON STOCK 125509109 633,424 5,900 X 1 X CADENCE DESIGNS SYS INC COMMON STOCK 127387108 351,310 19,000 X 1 X

FORM 13F REPORT NAME OF REPORTING MANAGER: ALLSTATE LIFE INSURANCE COMPANY - ----------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 INVESTMENT DISCRETION VOTING AUTHORITY FAIR SHARES OR SHARED (SHARES) NAME OF ISSUER TITLE CUSIP MARKET PRINCIPAL SOLE SHARED OTHER MANA- SOLE SHARED NONE CLASS NUMBER VALUE AMOUNT (A) (B) (C) GERS (A) (B) (C) - ----------------------------------------------------------------------------------------------------------------------------------- CALPINE CORP COMMON STOCK 131347106 611,277 11,100 X 1 X CAMDEN PROPERTY TRUST SERIES A PFD NON-REDEEM P/S 133131201 2,590,000 100,000 X 1 X CARDINAL HEALTH COMMON STOCK 14149Y108 696,600 7,200 X 1 X CENDANT COPORATION COMMON STOCK 151313103 1,334,985 91,500 X 1 X CHEVRON COMMON STOCK 166751107 939,460 10,700 X 1 X CINCINNATI FINL CORP COMMON STOCK 172062101 1,915,844 50,500 X 1 X CINERGY COMMON STOCK 172474108 399,245 11,900 X 1 X CISCO SYSTEMS, INC. COMMON STOCK 17275R102 1,657,150 104,800 X 1 X CITIGROUP INC COMMON STOCK 172967101 3,659,843 81,366 X 1 X CITIZENS UTILITIES 5.0% CONVERTIBLE REDEEMABLE P/S 177351202 913,345 18,500 X 1 X CLEAR CHANNEL COMMUNICATIONS COMMON STOCK 184502102 539,055 9,900 X 1 X COCA-COLA COMMON STOCK 191216100 1,422,540 31,500 X 1 X COLUMBIA HEALTHCARE COMMON STOCK 404119109 1,536,381 38,152 X 1 X COMCAST CLASS A SPECIAL COMMON STOCK 200300200 1,086,181 25,900 X 1 X COMMSCOPE INC COMMON STOCK 203372107 383,640 23,000 X 1 X COMPAQ COMPUTER COMMON STOCK 204493100 880,880 48,400 X 1 X COMPUTER SCIENCES COMMON STOCK 205363104 407,610 12,600 X 1 X COMVERSE TECHNOLOGY COMMON STOCK 205862402 412,230 7,000 X 1 X CONSTELLATION ENERGY GROUP COMMON STOCK 210371100 330,750 7,500 X 1 X CORNING COMMON STOCK 219350105 1,214,503 58,700 X 1 X CVS CORP COMMON STOCK 126650100 514,712 8,800 X 1 X DELL COMPUTER COMMON STOCK 247025109 398,156 15,500 X 1 X DISNEY (WALT) COMMON STOCK 254687106 809,380 28,300 X 1 X DOW CHEMICAL COMMON STOCK 260543103 808,192 25,600 X 1 X DU PONT DE NEMOURS COMMON STOCK 263534109 252,381 6,201 X 1 X DUKE ENERGY CORP COMMON STOCK 264399106 615,456 14,400 X 1 X E M C COMMON STOCK 268648102 758,520 25,800 X 1 X EASTMAN CHEMICAL COMMON STOCK 277432100 423,292 8,600 X 1 X EL PASO CORPORATION COMMON STOCK 28336L109 541,990 8,300 X 1 X

FORM 13F REPORT NAME OF REPORTING MANAGER: ALLSTATE LIFE INSURANCE COMPANY - ----------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 INVESTMENT DISCRETION VOTING AUTHORITY FAIR SHARES OR SHARED (SHARES) NAME OF ISSUER TITLE CUSIP MARKET PRINCIPAL SOLE SHARED OTHER MANA- SOLE SHARED NONE CLASS NUMBER VALUE AMOUNT (A) (B) (C) GERS (A) (B) (C) - ----------------------------------------------------------------------------------------------------------------------------------- EL PASO ENERGY CAPITAL TRUST I, 4.75%, NON-REDEEM P/S 283678209 5,013,900 61,900 X 1 X ELAN CORP. PLC (ADR) COMMON STOCK 284131208 249,964 4,784 X 1 X FOREIGN ELECTRONIC DATA SYSTEMS COMMON STOCK 285661104 787,626 14,100 X 1 X ENRON COMMON STOCK 293561106 534,520 9,200 X 1 X EQUITY RESIDENTIAL PROPERTIES SERIES G NON-REDEEM P/S 29476L859 2,413,000 100,000 X 1 X EXXON COMMON STOCK 30231G102 3,971,025 49,025 X 1 X FEDERAL NAT'L MORT. ASSOC COMMON STOCK 313586109 477,600 6,000 X 1 X FEDERATED DEPARTMENT STORES COMMON STOCK 31410H101 797,760 19,200 X 1 X FEDEX CORP COMMON STOCK 31428X106 350,112 8,400 X 1 X FIRST UNION COMMON STOCK 337358105 755,700 22,900 X 1 X FLEET BOSTON FINANCIAL CORP COMMON STOCK 339030108 1,554,696 41,184 X 1 X FORD MOTOR COMPANY COMMON STOCK 345370860 316,294 11,248 X 1 X FREDDIE MAC COMMON STOCK 313400301 2,016,213 31,100 X 1 X GENERAL ELECTRIC COMMON STOCK 369604103 6,161,792 147,200 X 1 X GENERAL MOTORS COMMON STOCK 370442105 451,095 8,700 X 1 X GENERAL MOTORS CL H COMMON STOCK 370442832 664,950 34,100 X 1 X GENZYME CORP. COMMON STOCK 372917104 234,858 2,600 X 1 X GUIDANT COMMON STOCK 401698105 535,381 11,900 X 1 X HALLIBURTON COMMON STOCK 406216101 334,425 9,100 X 1 X HARRAH'S ENTERTAINMENT COMMON STOCK 413619107 314,901 10,700 X 1 X HEWLETT-PACKARD COMMON STOCK 428236103 762,988 24,400 X 1 X HOME DEPOT COMMON STOCK 437076102 1,433,075 33,250 X 1 X HOUSEHOLD INTL COMMON STOCK 441815107 811,588 13,700 X 1 X INTEL COMMON STOCK 458140100 2,770,706 105,300 X 1 X INTERPUBLIC GROUP OF COS COMMON STOCK 460690100 367,545 10,700 X 1 X INTL BUSINESS MACHINES COMMON STOCK 459200101 3,116,232 32,400 X 1 X JDS UNIPHASE CORP COMMON STOCK 46612J101 309,750 16,800 X 1 X JOHNSON & JOHNSON COMMON STOCK 478160104 2,370,437 27,100 X 1 X JP MORGAN CHASE & COMPANY COMMON STOCK 46625H100 2,384,190 53,100 X 1 X

FORM 13F REPORT NAME OF REPORTING MANAGER: ALLSTATE LIFE INSURANCE COMPANY - ----------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 INVESTMENT DISCRETION VOTING AUTHORITY FAIR SHARES OR SHARED (SHARES) NAME OF ISSUER TITLE CUSIP MARKET PRINCIPAL SOLE SHARED OTHER MANA- SOLE SHARED NONE CLASS NUMBER VALUE AMOUNT (A) (B) (C) GERS (A) (B) (C) - ----------------------------------------------------------------------------------------------------------------------------------- KIMBERLY-CLARK COMMON STOCK 494368103 820,743 12,100 X 1 X LENNAR COMMON STOCK 526057104 362,726 9,100 X 1 X LILLY (ELI) COMMON STOCK 532457108 1,249,558 16,300 X 1 X LINCOLN NATIONAL COMMON STOCK 534187109 908,858 21,400 X 1 X LOWE'S COMMON STOCK 548661107 800,765 13,700 X 1 X LUCENT TECHNOLOGIES INC COMMON STOCK 549463107 421,601 42,287 X 1 X MCDONALD'S COMMON STOCK 580135101 209,745 7,900 X 1 X MCLEODUSA INC NON-REDEEM P/S 582266201 217,375 925 X 1 X MEDTRONICS COMMON STOCK 585055106 329,328 7,200 X 1 X MERCK COMMON STOCK 589331107 3,438,270 45,300 X 1 X MERRILL LYNCH COMMON STOCK 590188108 509,680 9,200 X 1 X MICROSOFT COMMON STOCK 594918104 4,555,469 83,300 X 1 X MINNESOTA MNG & MFG COMMON STOCK 604059105 249,360 2,400 X 1 X MONSANTO COMPANY COMMON STOCK 61166W101 450,342 12,700 X 1 X MORGAN STANLEY DEAN WITTER & CO COMMON STOCK 617446448 770,400 14,400 X 1 X MOTOROLA COMMON STOCK 620076109 516,212 36,200 X 1 X NABORS INDUSTRIES COMMON STOCK 629568106 352,512 6,800 X 1 X NATIONWIDE FINANCIAL COMMON STOCK 638612101 995,076 26,200 X 1 X NOBLE DRILLING COMMON STOCK 655042109 613,928 13,300 X 1 X NORTEL NETWORKS CORP COMMON STOCK 656568102 609,770 43,400 X 1 X FOREIGN OCCIDENTAL PETROLEUM COMMON STOCK 674599105 772,200 31,200 X 1 X OMNICOM GROUP COMMON STOCK 681919106 314,944 3,800 X 1 X ORACLE SYSTEMS COMMON STOCK 68389X105 1,310,750 87,500 X 1 X PEPSICO COMMON STOCK 713448108 650,460 14,800 X 1 X PFIZER COMMON STOCK 717081103 4,537,260 110,800 X 1 X PHARMACIA CORPORATION COMMON STOCK 71713U102 741,245 14,716 X 1 X PPL CORPORATION COMMON STOCK 69351T106 549,500 12,500 X 1 X PROCTER & GAMBLE COMMON STOCK 742718109 1,039,160 16,600 X 1 X PROVIDIAN FINANCIAL CORP COMMON STOCK 74406A102 927,045 18,900 X 1 X

FORM 13F REPORT NAME OF REPORTING MANAGER: ALLSTATE LIFE INSURANCE COMPANY - ----------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 INVESTMENT DISCRETION VOTING AUTHORITY FAIR SHARES OR SHARED (SHARES) NAME OF ISSUER TITLE CUSIP MARKET PRINCIPAL SOLE SHARED OTHER MANA- SOLE SHARED NONE CLASS NUMBER VALUE AMOUNT (A) (B) (C) GERS (A) (B) (C) - ----------------------------------------------------------------------------------------------------------------------------------- QUALCOM COMMON STOCK 747525103 679,500 12,000 X 1 X QWEST COMMUNICATIONS INTL COMMON STOCK 749121109 823,254 23,488 X 1 X RADIOSHACK CORP COMMON STOCK 750438103 201,795 5,500 X 1 X ROCKWELL INTL COMMON STOCK 773903109 345,325 9,500 X 1 X ROWAN COMMON STOCK 779382100 203,500 7,400 X 1 X ROYAL BK SCOTLND REDEEMABLE P/S 780097804 838,200 33,000 X 1 X ROYAL DUTCH PETROLEUM COMMON STOCK 780257804 709,632 12,800 X 1 X FOREIGN RYDER COMMON STOCK 783549108 293,237 16,300 X 1 X SBC COMMUNICATIONS COMMON STOCK 78387G103 2,060,924 46,178 X 1 X SCHERING-PLOUGH COMMON STOCK 806605101 825,578 22,600 X 1 X SCHWAB CHARLES CORP NEW COMMON STOCK 808513105 500,379 32,450 X 1 X SEALED AIR COMMON STOCK 81211K100 386,628 11,600 X 1 X SEALED AIR CORP., $2.00, CONVERTIBLE NON-REDEEM P/S 81211K209 496,800 13,500 X 1 X SENSOMATIC ELECTRONICS NON-REDEEM P/S 817265804 252,938 9,500 X 1 X SIEBEL SYSTEMS INC COMMON STOCK 826170102 228,480 8,400 X 1 X SIMON PROPERTY GROUP 6.5% PFD B NON-REDEEM P/S 828806406 3,625,000 50,000 X 1 X SOUTHERN COMMON STOCK 842587107 694,782 19,800 X 1 X SOVEREIGN BANCORP COMMON STOCK 845905108 470,865 55,600 X 1 X SOVEREIGN BANCORP NON-REDEEM P/S 845905306 487,088 9,300 X 1 X SPRINT CORP (PCS GROUP) COMMON STOCK 852061506 243,200 12,800 X 1 X STARWOOD HOTELS & RESORTS TRUST COMMON STOCK 85590A203 472,739 13,900 X 1 X SUN MICROSYSTEMS COMMON STOCK 866810104 639,208 41,588 X 1 X SYBASE INC COMMON STOCK 871130100 579,700 37,400 X 1 X TELLABS COMMON STOCK 879664100 297,019 7,300 X 1 X TEXACO COMMON STOCK 881694103 471,440 7,100 X 1 X TEXAS INSTRUMENTS COMMON STOCK 882508104 759,010 24,500 X 1 X TIDEWATER COMMON STOCK 886423102 492,680 10,900 X 1 X TOYS R US COMMON STOCK 892335100 376,500 15,000 X 1 X TRANSOCEAN SEDCO FOREX INC COMMON STOCK G90078109 227,501 5,248 X 1 X

FORM 13F REPORT NAME OF REPORTING MANAGER: ALLSTATE LIFE INSURANCE COMPANY - ----------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 INVESTMENT DISCRETION VOTING AUTHORITY FAIR SHARES OR SHARED (SHARES) NAME OF ISSUER TITLE CUSIP MARKET PRINCIPAL SOLE SHARED OTHER MANA- SOLE SHARED NONE CLASS NUMBER VALUE AMOUNT (A) (B) (C) GERS (A) (B) (C) - ----------------------------------------------------------------------------------------------------------------------------------- TXU CORPORATION (HLDG) COMMON STOCK 873168108 590,876 14,300 X 1 X TYCO INTERNATIONAL COMMON STOCK 902124106 1,705,424 39,450 X 1 X U.S. BANCORP COMMON STOCK 902973304 266,800 11,500 X 1 X UNISYS COMMON STOCK 909214108 218,400 15,600 X 1 X UNITED TECH COMMON STOCK 913017109 894,260 12,200 X 1 X UNIVISION COMMUNICATION INC COMMON STOCK 914906102 381,600 10,000 X 1 X US CELLULAR CORP COMMON STOCK 911684108 2,914,650 45,900 X 1 X USA EDUCATION INC. COMMON STOCK 90390U102 842,740 11,600 X 1 X VERITAS SOFTWARE CORP COMMON STOCK 923436109 235,824 5,100 X 1 X VERIZON COMMUNICATIONS COMMON STOCK 92343V104 798,660 16,200 X 1 X VIACOM -CL B COMMON STOCK 925524308 984,005 22,379 X 1 X VOICESTREAM WIRELESS CORP COMMON STOCK 928615103 346,406 3,750 X 1 X WALGREEN COMMON STOCK 931422109 248,880 6,100 X 1 X WAL-MART STORES COMMON STOCK 931142103 3,358,250 66,500 X 1 X WEATHERFORD INTERNATIONAL COMMON STOCK 947074100 370,125 7,500 X 1 X WELLMAN COMMON STOCK 949702104 209,825 10,900 X 1 X WELLS FARGO & CO (NEW) COMMON STOCK 949746101 1,177,386 23,800 X 1 X WENDY'S INTL COMMON STOCK 950590109 319,176 14,300 X 1 X WORLDCOM INC. COMMON STOCK 98157D106 1,286,410 68,838 X 1 X WRIGLEY COMMON STOCK 982526105 250,900 5,200 X 1 X ADELPHIA COMM. DEBT 006848BG9 1,906,125 1,950,000 X 1 X ADT OPERATIONS INC CONV DEBT 000945AC9 3,071,644 1,305,000 X 1 X AFFILIATED COMPUTER DEBT 008190AE0 3,150,000 3,150,000 X 1 X AFFYMETRIX INC DEBT 00826TAB4 1,471,875 1,875,000 X 1 X ALLERGAN INC DEBT 018490AB8 10,188,750 16,500,000 X 1 X ALPHARMA INC DEBT 020813AD3 525,938 450,000 X 1 X ALZA CORP DEBT 02261WAA7 19,030,313 28,725,000 X 1 X ALZA CORP. DEBT 022615AC2 19,721,925 18,540,000 X 1 X

FORM 13F REPORT NAME OF REPORTING MANAGER: ALLSTATE LIFE INSURANCE COMPANY - ----------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 INVESTMENT DISCRETION VOTING AUTHORITY FAIR SHARES OR SHARED (SHARES) NAME OF ISSUER TITLE CUSIP MARKET PRINCIPAL SOLE SHARED OTHER MANA- SOLE SHARED NONE CLASS NUMBER VALUE AMOUNT (A) (B) (C) GERS (A) (B) (C) - ----------------------------------------------------------------------------------------------------------------------------------- AMERICA ONLINE DEBT 02364JAC8 33,817,313 65,190,000 X 1 X AMERICAN INTERNATIONAL GROUP DEBT 026874AN7 6,508,688 6,525,000 X 1 X AMERICAN TOWER DEBT 029912AF9 2,138,063 2,715,000 X 1 X ANADARKO PETROLEUM CORP DEBT 032511AP2 9,510,000 12,000,000 X 1 X ANALOG DEVICES DEBT 032654AC9 30,667,500 34,800,000 X 1 X ANALOG DEVICES DEBT 032654AD7 660,938 750,000 X 1 X ANNTAYLOR STORES DEBT 036115AC7 554,063 1,125,000 X 1 X ASPEN TECHNOLOGY DEBT 045327AB9 361,688 450,000 X 1 X AUTOMATIC DATA PROCESSING INC CONV DEBT 053015AC7 2,961,000 2,100,000 X 1 X AVON PRODUCTS INC DEBT 054303AN2 3,582,000 7,200,000 X 1 X BARNES & NOBLE DEBT 067774AC3 896,625 900,000 X 1 X BEA SYSTEMS DEBT 073325AD4 1,514,550 1,380,000 X 1 X BERKSHIRE HATHAWAY INC DEL CONV DEBT 084670AF5 5,641,125 2,100,000 X 1 X BISYS GROUP DEBT 055472AA2 468,563 450,000 X 1 X BURR-BROWN CORP DEBT 122574AF3 9,334,500 8,400,000 X 1 X CELESTICA INC DEBT 15101QAA6 1,797,750 5,100,000 X 1 X CENDANT CORP. DEBT 151313AE3 16,833,000 27,150,000 X 1 X CHARTER COMM INC DEBT 16117MAA5 1,365,469 1,125,000 X 1 X CHECKFREE HLDGS DEBT 162816AC6 235,500 300,000 X 1 X CIENA CORP DEBT 171779AA9 931,500 1,200,000 X 1 X CITRIX SYSTEMS DEBT 177376AB6 1,026,000 2,400,000 X 1 X CLEAR CHANNEL COMM., INC., CONVERTIBLE DEBT 184502AB8 18,474,375 17,700,000 X 1 X CLEAR CHANNEL COMMUNICATIONS DEBT 184502AE2 19,572,938 20,850,000 X 1 X COMCAST DEBT 200300BH3 33,108,750 40,875,000 X 1 X COMMSCOPE INC DEBT 203372AB3 730,800 960,000 X 1 X COMVERSE TECH. DEBT 205862AH8 2,145,188 2,550,000 X 1 X COR THERAPEUTICS DEBT 217753AD4 864,000 960,000 X 1 X CORNING INC. DEBT 219350AJ4 42,383,250 72,450,000 X 1 X COSTCO DEBT 22160QAC6 19,333,556 20,595,000 X 1 X

FORM 13F REPORT NAME OF REPORTING MANAGER: ALLSTATE LIFE INSURANCE COMPANY - ----------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 INVESTMENT DISCRETION VOTING AUTHORITY FAIR SHARES OR SHARED (SHARES) NAME OF ISSUER TITLE CUSIP MARKET PRINCIPAL SOLE SHARED OTHER MANA- SOLE SHARED NONE CLASS NUMBER VALUE AMOUNT (A) (B) (C) GERS (A) (B) (C) - ----------------------------------------------------------------------------------------------------------------------------------- COX COMMUNICATION DEBT 224044AX5 15,323,625 38,550,000 X 1 X COX COMMUNICATIONS DEBT 224044AW7 5,551,875 10,500,000 X 1 X COX COMMUNICATIONS DEBT 224044BA4 11,182,500 15,750,000 X 1 X COX ENTERPRISES DEBT 224050AM6 10,644,375 10,500,000 X 1 X CUC INTL INC DEBT 126545AD4 4,320,000 4,500,000 X 1 X CYMER DEBT 232572AC1 752,813 825,000 X 1 X CYPRESS SEMICONDUCTOR DEBT 232806AE9 1,277,550 1,530,000 X 1 X DANAHER CORP. DEBT 235851AD4 14,280,000 24,000,000 X 1 X DEUTSCHE BANK FINANCIAL DEBT 25153EBE0 30,185,438 23,175,000 X 1 X DEVON ENERGY DEBT 25179MAC7 16,252,500 33,000,000 X 1 X DEVON ENERGY CORP DEBT 25179MAA1 4,586,063 4,650,000 X 1 X DEVON ENERGY CORP. DEBT 25179MAB9 23,001,323 23,322,000 X 1 X DEVON ENERGY CORP. DEBT 25179MAD5 812,625 1,650,000 X 1 X DIAMOND OFFSHORE DEBT 25271CAB8 5,890,500 11,550,000 X 1 X DUPONT PHOTOMASK DEBT 26613XAC5 5,821,125 6,450,000 X 1 X E*TRADE GROUP DEBT 269246AB0 757,688 1,350,000 X 1 X ECHOSTAR COMMUNICATIONS DEBT 278762AD1 1,387,969 1,575,000 X 1 X ELAN FINANCE DEBT 284129AC7 30,621,375 38,700,000 X 1 X ENRON CORP. DEBT 293561CC8 990,000 1,650,000 X 1 X EXODUS COMM INC DEBT 302088AP4 595,125 900,000 X 1 X EXODUS CORP. DEBT 302088AJ8 559,125 1,050,000 X 1 X FIRST DATA DEBT 319963AD6 16,170,375 16,050,000 X 1 X FIRST UNION DEBT 33737PAC9 25,476,750 33,969,000 X 1 X FOUR SEASONS HOTEL DEBT 35100EAD6 573,750 1,800,000 X 1 X GENZYME CORP DEBT 372917AF1 1,082,869 465,000 X 1 X GLOBAL MARINE DEBT 379352AN7 14,204,925 27,990,000 X 1 X GOLDMAN SACHS / WELLS FARGO DEBT 38141GAB0 3,120,000 3,000,000 X 1 X HANOVER COMPRESSOR DEBT 410768AC9 300,375 300,000 X 1 X HEWLETT PACKARD CO CONV DEBT 428236AC7 21,693,750 39,000,000 X 1 X

FORM 13F REPORT NAME OF REPORTING MANAGER: ALLSTATE LIFE INSURANCE COMPANY - ----------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 INVESTMENT DISCRETION VOTING AUTHORITY FAIR SHARES OR SHARED (SHARES) NAME OF ISSUER TITLE CUSIP MARKET PRINCIPAL SOLE SHARED OTHER MANA- SOLE SHARED NONE CLASS NUMBER VALUE AMOUNT (A) (B) (C) GERS (A) (B) (C) - ----------------------------------------------------------------------------------------------------------------------------------- HILTON HOTELS CORP CONV DEBT 432848AL3 1,159,313 1,350,000 X 1 X HOME DEPOT EXHANGEABLE TRUST DEBT 40414EAA3 5,340,000 6,000,000 X 1 X HUMAN GENOME DEBT 444903AF5 1,187,025 1,140,000 X 1 X I2 TECHNOLOGIES DEBT 465754AF6 654,844 825,000 X 1 X IDEC PHARMACEUT DEBT 449370AC9 660,656 405,000 X 1 X IMCLONE SYSTEMS DEBT 45245WAD1 895,125 1,050,000 X 1 X INHALE THERAPEUTICS DEBT 457191AG9 369,000 600,000 X 1 X INTERNATIONAL RECTIFIER CORP DEBT 460254AD7 1,357,125 1,650,000 X 1 X INTERPUBLIC GROUP DEBT 460690AG5 8,287,500 9,750,000 X 1 X INTERPUBLIC GROUP DEBT 460690AJ9 3,952,500 4,650,000 X 1 X INVITROGEN CORP DEBT 46185RAB6 795,094 825,000 X 1 X IVAX CORP DEBT 465823AD4 330,000 300,000 X 1 X IVAX CORP. DEBT 465823AB8 660,000 600,000 X 1 X JACOR COMM INC DEBT 469858AA2 2,329,800 2,640,000 X 1 X JMH FINANCE LIMITED DEBT 46621WAA9 8,610,000 8,400,000 X 1 X JONES APPAREL DEBT 480081AB4 9,112,500 18,000,000 X 1 X JUNIPER NETWORKS DEBT 48203RAA2 1,794,690 2,484,000 X 1 X KERR-MCGEE DEBT 492386AP2 22,531,875 18,300,000 X 1 X KERR-MCGEE CORP DEBT 492386AL1 8,684,381 8,739,000 X 1 X KOHL'S CORP. DEBT 500255AG9 6,536,250 10,500,000 X 1 X L-3 COMM. DEBT 502424AA2 1,399,500 1,200,000 X 1 X LAM RESH CORP CONV DEBT 512807AC2 1,059,600 960,000 X 1 X LAMAR ADVERTISING CO DEBT 512815AF8 484,200 480,000 X 1 X LATTICE SEMICOND DEBT 518415AC8 842,456 765,000 X 1 X LEVEL 3 COMMUNICATIONS DEBT 52729NAG5 658,125 1,350,000 X 1 X LIBERTY MEDIA DEBT 530715AK7 6,049,875 10,950,000 X 1 X LIBERTY MEDIA DEBT 530715AM3 15,895,125 21,300,000 X 1 X LIBERTY MEDIA DEBT 530715AP6 13,095,000 13,500,000 X 1 X LIBERTY MEDIA / AT&T CORP DEBT 530715AG6 4,903,125 7,500,000 X 1 X

FORM 13F REPORT NAME OF REPORTING MANAGER: ALLSTATE LIFE INSURANCE COMPANY - ----------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 INVESTMENT DISCRETION VOTING AUTHORITY FAIR SHARES OR SHARED (SHARES) NAME OF ISSUER TITLE CUSIP MARKET PRINCIPAL SOLE SHARED OTHER MANA- SOLE SHARED NONE CLASS NUMBER VALUE AMOUNT (A) (B) (C) GERS (A) (B) (C) - ----------------------------------------------------------------------------------------------------------------------------------- LIBERTY MEDIA GROUP DEBT 530715AF8 9,904,313 15,150,000 X 1 X LIEBERT CONV DEBT 531735AA6 2,754,000 600,000 X 1 X LOWES COMPANIES DEBT 548661CD7 4,556,063 7,050,000 X 1 X LSI LOGIC DEBT 502161AD4 646,575 555,000 X 1 X MAGNA INTL INC CONV DEBT 559222AE4 21,433,125 21,300,000 X 1 X MERCURY INTERACTIVE DEBT 589405AB5 720,281 975,000 X 1 X MERRILL LYNCH - J&J DEBT 590188A40 4,325,625 4,500,000 X 1 X MILLENNIUM PHARMACEUTICALS DEBT 599902AB9 633,938 630,000 X 1 X NABORS DEBT 629568AE6 9,162,375 15,900,000 X 1 X NABORS INDS INC DEBT 629568AD8 6,892,875 9,900,000 X 1 X NABORS INDUSTRIES INC DEBT 629568AC0 5,952,938 8,550,000 X 1 X NEWS AMERICA DEBT 652482AY6 9,562,500 20,400,000 X 1 X NEWS CORP DEBT 652478AS7 11,587,500 18,540,000 X 1 X NEXTEL DEBT 65332VAT0 1,215,000 1,350,000 X 1 X OBBLIGAZIONI OLIVETTI FINANCE NV DEBT T92376AA9 3,350 3,306 X 1 X OFFICE DEPOT INC DEBT 676220AA4 1,217,250 1,800,000 X 1 X OFFSHORE LOGISTICS INC DEBT 676255AF9 549,000 480,000 X 1 X OMNICOM GROUP DEBT 681919AH9 6,925,875 6,900,000 X 1 X OMNICOM GROUP INC DEBT 681919AG1 15,358,613 8,910,000 X 1 X ONI SYSTEMS DEBT 68273FAA1 186,375 300,000 X 1 X PEREGRINE SYS DEBT 71366QAA9 846,450 810,000 X 1 X PERKINELMER INC DEBT 714046AA7 13,669,763 26,415,000 X 1 X PROTEIN DESIGN DEBT 74369LAB9 484,650 540,000 X 1 X PROVIDIAN FINANCIAL CORP DEBT 74406AAA0 1,364,438 1,425,000 X 1 X QUANTA SERVICES DEBT 74762EAA0 278,850 390,000 X 1 X RATIONAL SOFTWARE DEBT 75409PAC7 937,969 1,125,000 X 1 X REDBACK NETWORKS DEBT 757209AB7 476,888 810,000 X 1 X RF MICRO DEVICES DEBT 749941AB6 766,500 1,200,000 X 1 X ROBBINS & MYERS INC CONV DEBT 770196AA1 772,500 750,000 X 1 X

FORM 13F REPORT NAME OF REPORTING MANAGER: ALLSTATE LIFE INSURANCE COMPANY - ----------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 INVESTMENT DISCRETION VOTING AUTHORITY FAIR SHARES OR SHARED (SHARES) NAME OF ISSUER TITLE CUSIP MARKET PRINCIPAL SOLE SHARED OTHER MANA- SOLE SHARED NONE CLASS NUMBER VALUE AMOUNT (A) (B) (C) GERS (A) (B) (C) - ----------------------------------------------------------------------------------------------------------------------------------- ROCHE HLDGS INC., CONVERTIBLE DEBT 771196AC6 3,343,200 5,970,000 X 1 X ROCHE HLDGS/GENENTECH DEBT 771196AG7 27,805,781 38,025,000 X 1 X ROYAL CARIBBEAN DEBT 780153AK8 14,156,250 37,500,000 X 1 X SANMINA CORP DEBT 800907AB3 1,412,063 1,275,000 X 1 X SCI SYSTEMS INC DEBT 783890AF3 6,828,188 9,150,000 X 1 X SEACOR HLDGS INC., CONVERTIBLE DEBT 811904AE1 363,975 345,000 X 1 X SEPRACOR INC DEBT 817315AL8 667,950 1,095,000 X 1 X SOLECTRON DEBT 834182AJ6 7,816,500 16,200,000 X 1 X SOLECTRON DEBT 834182AL1 15,843,750 37,500,000 X 1 X SOLECTRON CORP DEBT 834182AK3 28,503,563 57,150,000 X 1 X SPDR EXCHANGE TRUST DEBT 78463LAA7 146,157,000 50,000,000 X 1 X SPECTRASITE DEBT 84760TAK6 132,188 225,000 X 1 X SPX CORP. DEBT 784635AC8 2,145,000 3,900,000 X 1 X SUNRISE ASSISTED DEBT 86768KAC0 1,058,775 1,140,000 X 1 X SWISS LIFE FIN. DEBT G86220AA1 6,045,300 6,000,000 X 1 X SWISS LIFE FINANCE LTD DEBT G86220AB9 5,259,375 5,100,000 X 1 X TEVA PHARMACEUTICAL DEBT 88163VAA7 9,801,000 9,900,000 X 1 X THERMO ELECTRON CORP CONV DEBT 883556AF9 16,667,813 17,250,000 X 1 X THERMO INSTR SYS INC CONV DEBT 883559AC0 4,297,500 4,500,000 X 1 X THERMO INSTR SYS INC., CONVERTIBLE DEBT 883556AH5 9,712,500 10,500,000 X 1 X TIMES MIRROR CO. DEBT 887364AE7 7,239,375 11,700,000 X 1 X TRANSOCEAN SEDCO FOREX DEBT 893830AA7 21,214,650 36,420,000 X 1 X TRANSWITCH CORP. DEBT 894065AA9 586,125 900,000 X 1 X TRIQUINT SEMICON DEBT 89674KAB9 677,700 1,080,000 X 1 X TYCO DEBT 902124AA4 46,721,531 63,675,000 X 1 X TYCO INT'L DEBT 902124AC0 22,342,688 30,450,000 X 1 X UNITED PARCEL DEBT 911312AB2 10,480,500 10,200,000 X 1 X UNIV HEALTH SVCS DEBT 913903AL4 4,877,813 8,250,000 X 1 X UNIVERSAL HEALTH SERVICES DEBT 913903AJ9 7,095,000 12,000,000 X 1 X

FORM 13F REPORT NAME OF REPORTING MANAGER: ALLSTATE LIFE INSURANCE COMPANY - ----------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 INVESTMENT DISCRETION VOTING AUTHORITY FAIR SHARES OR SHARED (SHARES) NAME OF ISSUER TITLE CUSIP MARKET PRINCIPAL SOLE SHARED OTHER MANA- SOLE SHARED NONE CLASS NUMBER VALUE AMOUNT (A) (B) (C) GERS (A) (B) (C) - ----------------------------------------------------------------------------------------------------------------------------------- VERITAS SOFTWARE DEBT 92343RAA1 2,234,531 1,575,000 X 1 X VITESSE SEMICOND DEBT 928497AB2 1,197,638 1,635,000 X 1 X WEATHERFORD INTERNATIONAL DEBT 947074AA8 16,065,000 25,500,000 X 1 X WEATHERFORD INT'L DEBT 947074AB6 3,685,500 5,850,000 X 1 X WELLPOINT DEBT 94973HAA6 7,692,000 9,600,000 X 1 X WHOLE FOODS MKT DEBT 966837AC0 586,875 1,500,000 X 1 X WIND RIV SYS INC., CONVERTIBLE DEBT 973149AC1 484,800 480,000 X 1 X XO COMM. DEBT 983764AA9 642,938 1,350,000 X 1 X YOUNG & RUBICAM DEBT 987425AC9 5,610,000 6,000,000 X 1 X