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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, 2000
- --------------------------------------------------------------------------------
(PLEASE READ INSTRUCTIONS BEFORE PREPARING FORM.)
- --------------------------------------------------------------------------------
IF AMENDED REPORT CHECK HERE: |_|
ALLSTATE LIFE INSURANCE COMPANY
- --------------------------------------------------------------------------------
NAME OF INSTITUTIONAL INVESTMENT MANAGER
3075 SANDERS ROAD SUITE G4A NORTHBROOK ILLINOIS 60062-7127
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BUSINESS ADDRESS (STREET) (CITY) (STATE) (ZIP)
DOUGLAS B. WELCH (847)402-6046 ASSISTANT VICE PRESIDENT, INVESTMENT OPERATIONS
- --------------------------------------------------------------------------------
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.
ALLSTATE LIFE INSURANCE COMPANY
------------------------------------------
(NAME OF INSTITUTIONAL INVESTMENT MANAGER)
/S/ DOUGLAS B. WELCH
------------------------------------------
(MANUAL SIGNATURE OF PERSON DULY
AUTHORIZED TO SUBMIT THIS 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. ALLSTATE INSURANCE COMPANY 28-35
- -------------------------------------------------------------- ---------------
2.
- -------------------------------------------------------------- ---------------
3.
- -------------------------------------------------------------- ---------------
4.
- -------------------------------------------------------------- ---------------
5.
- -------------------------------------------------------------- ---------------
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
--------------------- (SHARES)
TITLE FAIR SHARES OR (A) (B) (C) MANA- ----------------
NAME OF ISSUER OF CUSIP MARKET PRINCIPAL SOLE SHARED SHARED GERS (A) (B) (C)
CLASS NUMBER VALUE AMOUNT OTHER SOLE SHARED NONE
- ------------------------------------------------------------------------------------------------------------------------------------
A D C TELECOM COMMON STOCK 000886101 506,425 9,400 X 1 X
ABBOTT LABS COMMON STOCK 002824100 380,025 10,800 X 1 X
ALLTEL COMMON STOCK 020039103 460,356 7,300 X 1 X
ALTERA COMMON STOCK 021441100 722,925 8,100 X 1 X
ALUMINUM CO OF AMERICA COMMON STOCK 013817101 428,525 6,100 X 1 X
AMERICA ON-LINE COMMON STOCK 02364J104 3,254,900 48,400 X 1 X
AMERICAN EXPRESS COMMON STOCK 025816109 1,578,738 10,600 X 1 X
AMERICAN HOME PRODUCTS COMMON STOCK 026609107 1,458,600 27,200 X 1 X
AMERICAN INTL COMMON STOCK 026874107 5,194,242 47,436 X 1 X
AMERICAN POWER CONVERSION COMMON STOCK 029066107 343,000 8,000 X 1 X
AMERICAN STANDARD COMPANIES COMMON STOCK 029712106 384,800 10,400 X 1 X
AMGEN COMMON STOCK 031162100 1,196,813 19,500 X 1 X
ANALOG DEVICES COMMON STOCK 032654105 998,975 12,400 X 1 X
APPLE COMPUTER COMMON STOCK 037833100 298,788 2,200 X 1 X
APPLIED MATERIALS COMMON STOCK 038222105 928,268 9,849 X 1 X
ASSOCIATES FIRST CAPITAL CRP COMMON STOCK 046008108 456,790 21,308 X 1 X
AT & T COMMON STOCK 001957109 3,191,625 56,740 X 1 X
AT&T CORP - LIBERTY MEDIA -A COMMON STOCK 001957208 385,125 6,500 X 1 X
ATLANTIC RICHFIELD COMMON STOCK 048825103 3,816,500 44,900 X 1 X
ATMEL CORP COMMON STOCK 049513104 526,575 10,200 X 1 X
BAKER HUGHES COMMON STOCK 057224107 281,325 9,300 X 1 X
BANK OF AMERICA CORP COMMON STOCK 060505104 1,743,652 33,252 X 1 X
BANK OF NEW YORK COMMON STOCK 064057102 1,246,875 30,000 X 1 X
BANK ONE CORPORATION COMMON STOCK 06423A103 794,063 23,100 X 1 X
BAXTER INTL COMMON STOCK 071813109 369,856 5,900 X 1 X
BELL ATLANTIC COMMON STOCK 077853109 1,649,764 26,990 X 1 X
BELLSOUTH COMMON STOCK 079860102 1,536,900 32,700 X 1 X
BEST BUY COMMON STOCK 086516101 266,600 3,100 X 1 X
BJ SERVICES COMMON STOCK 055482103 1,758,225 23,800 X 1 X
BOEING COMMON STOCK 097023105 682,875 18,000 X 1 X
BOWATER COMMON STOCK 102183100 341,600 6,400 X 1 X
BRISTOL-MYERS-SQUIBB COMMON STOCK 110122108 2,217,600 38,400 X 1 X
BROADWING INC COMMON STOCK 111620100 639,625 17,200 X 1 X
BURLINGTON RESOURCES COMMON STOCK 122014103 643,800 17,400 X 1 X
CATERPILLAR COMMON STOCK 149123101 378,600 9,600 X 1 X
CBS CORPORATION COMMON STOCK 12490K107 719,138 12,700 X 1 X
CENDANT COPORATION COMMON STOCK 151313103 340,400 18,400 X 1 X
CHASE MANHATTAN CORP NEW COMMON STOCK 16161A108 1,307,813 15,000 X 1 X
CHEVRON COMMON STOCK 166751107 748,744 8,100 X 1 X
CHIRON COMMON STOCK 170040109 4,084,763 81,900 X 1 X
CINTAS COMMON STOCK 172908105 630,919 16,100 X 1 X
CISCO SYSTEMS, INC. COMMON STOCK 17275R102 10,298,025 133,200 X 1 X
CITIGROUP INC COMMON STOCK 172967101 3,447,539 58,125 X 1 X
CITIZENS UTILITIES 5.0% REDEEMABLE P/S 177351202 5,042,188 80,675 X 1 X
CITY NATIONAL COMMON STOCK 178566105 387,406 11,500 X 1 X
CLEAR CHANNEL COMMUNICATIONS COMMON STOCK 184502102 517,969 7,500 X 1 X
CNF TRUST I 5% SERIES A REDEEMABLE P/S 12612V205 2,316,250 54,500 X 1 X
COCA-COLA COMMON STOCK 191216100 1,868,113 39,800 X 1 X
COLGATE-PALMOLIVE COMMON STOCK 194162103 529,925 9,400 X 1 X
COLUMBIA HEALTHCARE COMMON STOCK 197677107 1,102,410 43,552 X 1 X
COMCAST CLASS A SPECIAL COMMON STOCK 200300200 615,925 14,200 X 1 X
COMDISCO COMMON STOCK 200336105 317,700 7,200 X 1 X
COMPAQ COMPUTER COMMON STOCK 204493100 378,075 14,200 X 1 X
COMPUTER ASSOCIATES INTL COMMON STOCK 204912109 639,225 10,800 X 1 X
COMVERSE TECHNOLOGY COMMON STOCK 205862402 699,300 3,700 X 1 X
CONSOLIDATED STORES COMMON STOCK 210149100 174,038 15,300 X 1 X
CONSTELLATION ENERGY GROUP COMMON STOCK 210371100 223,125 7,000 X 1 X
CONVERGYS CORP COMMON STOCK 212485106 274,238 7,100 X 1 X
CORNING COMMON STOCK 219350105 9,515,700 49,050 X 1 X
COSTO WHOLESALE CORP COMMON STOCK 22160K105 441,525 8,400 X 1 X
CYPRESS SEMICONDUCTOR COMMON STOCK 232806109 300,806 6,100 X 1 X
DELL COMPUTER COMMON STOCK 247025109 2,189,863 40,600 X 1 X
DELPHI AUTOMOTIVE SYSTEMS COMMON STOCK 247126105 202,672 12,667 X 1 X
DISNEY (WALT) COMMON STOCK 254687106 1,799,813 43,500 X 1 X
DOW CHEMICAL COMMON STOCK 260543103 228,000 2,000 X 1 X
DU PONT DE NEMOURS COMMON STOCK 263534109 942,656 17,828 X 1 X
DUKE ENERGY CORP COMMON STOCK 264399106 693,000 13,200 X 1 X
E M C COMMON STOCK 268648102 2,350,000 18,800 X 1 X
EL PASO ENERGY CAPITAL TRUST NON-REDEEM P/S 283678209 9,313,500 177,400 X 1 X
EL PASO ENERGY CORP DELAWARE COMMON STOCK 283905107 290,700 7,200 X 1 X
ELECTRONIC DATA SYSTEMS COMMON STOCK 285661104 789,506 12,300 X 1 X
EMERSON ELEC COMMON STOCK 291011104 264,375 5,000 X 1 X
ENRON COMMON STOCK 293561106 12,766,188 170,500 X 1 X
EVEREST RE GROUP LTD COMMON STOCK G3223R108 479,588 14,700 X 1 X
EVI INC., 5.0%, REDEEMABLE P/S 268939204 4,812,500 100,000 X 1 X
EXXON COMMON STOCK 30231G102 4,503,632 57,878 X 1 X
FEDERAL NAT'L MORT. ASSOC COMMON STOCK 313586109 1,094,888 19,400 X 1 X
FEDEX CORP COMMON STOCK 31428X106 230,100 5,900 X 1 X
FIFTH THIRD BANCORP COMMON STOCK 316773100 661,500 10,500 X 1 X
FIRST UNION COMMON STOCK 337358105 223,500 6,000 X 1 X
FIRSTAR CORPORATION COMMON STOCK 33763V109 795,931 34,700 X 1 X
FISERV INC. COMMON STOCK 337738108 284,484 7,650 X 1 X
FLEET BOSTON FINANCIAL CORP COMMON STOCK 339030108 744,016 20,384 X 1 X
FORD MOTOR COMMON STOCK 345370100 1,116,281 24,300 X 1 X
FOREST LABS COMMON STOCK 345838106 937,950 11,100 X 1 X
FREDDIE MAC COMMON STOCK 313400301 592,113 13,400 X 1 X
FREEPORT MCMORAN B COMMON STOCK 35671D857 232,806 19,300 X 1 X
G T E COMMON STOCK 362320103 1,320,600 18,600 X 1 X
GAP STORES COMMON STOCK 364760108 722,281 14,500 X 1 X
GENERAL ELECTRIC COMMON STOCK 369604103 8,783,613 56,600 X 1 X
GENERAL MOTORS COMMON STOCK 370442105 1,333,281 16,100 X 1 X
GILLETTE COMMON STOCK 375766102 358,031 9,500 X 1 X
GLOBAL MARINE COMMON STOCK 379352404 616,613 24,300 X 1 X
GRAINGER COMMON STOCK 384802104 2,240,525 41,300 X 1 X
HALLIBURTON COMMON STOCK 406216101 270,600 6,600 X 1 X
HEWLETT-PACKARD COMMON STOCK 428236103 2,399,381 18,100 X 1 X
HOME DEPOT COMMON STOCK 437076102 2,489,700 38,600 X 1 X
HONEYWELL INTERNATIONAL INC COMMON STOCK 438516106 818,606 15,537 X 1 X
HOUSEHOLD INTL COMMON STOCK 441815107 305,963 8,200 X 1 X
HUBBELL, CL B COMMON STOCK 443510201 654,263 23,900 X 1 X
ICN PHARMACEUTICALS COMMON STOCK 448924100 438,725 16,100 X 1 X
ILLINOIS TOOL WORKS COMMON STOCK 452308109 215,475 3,900 X 1 X
INTEL COMMON STOCK 458140100 7,929,444 60,100 X 1 X
INTERPUBLIC GROUP OF COS COMMON STOCK 460690100 439,425 9,300 X 1 X
INTL BUSINESS MACHINES COMMON STOCK 459200101 3,610,800 30,600 X 1 X
INTUIT INC COMMON STOCK 461202103 413,250 7,600 X 1 X
IVAX CORP COMMON STOCK 465823102 479,600 17,600 X 1 X
JABIL CIRCUIT INC COMMON STOCK 466313103 242,200 5,600 X 1 X
JACOBS ENGINEERING GRP COMMON STOCK 469814107 203,175 6,300 X 1 X
JOHNSON & JOHNSON COMMON STOCK 478160104 1,639,462 23,400 X 1 X
KANSAS CITY SOUTHERN COMMON STOCK 485170104 214,844 2,500 X 1 X
KEYSTONE FINANCIAL INC COMMON STOCK 493482103 295,838 16,100 X 1 X
KIMBERLY-CLARK COMMON STOCK 494368103 1,008,000 18,000 X 1 X
KLA-TENCOR CORP COMMON STOCK 482480100 244,325 2,900 X 1 X
L S I LOGIC COMMON STOCK 502161102 900,550 12,400 X 1 X
LANDS' END COMMON STOCK 515086106 221,400 3,600 X 1 X
LEGG MASON COMMON STOCK 524901105 501,700 11,600 X 1 X
LEXMARK INT'L GROUP A COMMON STOCK 529771107 232,650 2,200 X 1 X
LILLY (ELI) COMMON STOCK 532457108 1,398,600 22,200 X 1 X
LINCOLN NATIONAL COMMON STOCK 534187109 381,900 11,400 X 1 X
LOWE'S COMMON STOCK 548661107 636,288 10,900 X 1 X
LUCENT TECHNOLOGIES INC COMMON STOCK 549463107 3,178,561 52,322 X 1 X
MARSH & MC LENNAN COMMON STOCK 571748102 805,281 7,300 X 1 X
MAXIM INTEGRATED PRODUCTS COMMON STOCK 57772K101 625,350 8,800 X 1 X
MBNA CORP COMMON STOCK 55262L100 318,750 12,500 X 1 X
MCDONALD'S COMMON STOCK 580135101 901,500 24,000 X 1 X
MCLEOD INC -CL A COMMON STOCK 582266102 695,463 8,200 X 1 X
MEDIAONE GROUP COMMON STOCK 58440J104 372,600 4,600 X 1 X
MEDIMMUNE INC COMMON STOCK 584699102 870,625 5,000 X 1 X
MEDTRONICS COMMON STOCK 585055106 920,731 17,900 X 1 X
MERCK COMMON STOCK 589331107 2,398,025 38,600 X 1 X
MERRILL LYNCH COMMON STOCK 590188108 861,000 8,200 X 1 X
MICROCHIP TECHNOLOGY INC COMMON STOCK 595017104 230,125 3,500 X 1 X
MICRON TECH COMMON STOCK 595112103 201,600 1,600 X 1 X
MICROSOFT COMMON STOCK 594918104 10,104,375 95,100 X 1 X
MINNESOTA MNG & MFG COMMON STOCK 604059105 354,250 4,000 X 1 X
MONSANTO COMMON STOCK 611662107 272,950 5,300 X 1 X
MONTANA PWR COMMON STOCK 612085100 281,600 4,400 X 1 X
MORGAN STANLEY DEAN WITTER COMMON STOCK 617446448 1,329,469 16,300 X 1 X
MOTOROLA COMMON STOCK 620076109 4,107,804 28,852 X 1 X
NABORS INDUSTRIES COMMON STOCK 629568106 889,272 22,912 X 1 X
NATIONAL AUSTRALIA BANK NON-REDEEM P/S 632525309 962,500 40,000 X 1 X
NATIONWIDE FINANCIAL COMMON STOCK 638612101 497,250 17,000 X 1 X
NAVISTAR INTL COMMON STOCK 63934E108 216,675 5,400 X 1 X
NEW YORK TIMES COMMON STOCK 650111107 1,107,788 25,800 X 1 X
NEXTEL COMMUNICATIONS INC COMMON STOCK 65332V103 889,500 6,000 X 1 X
NIAGARA MOHAWK HOLDINGS INC COMMON STOCK 653520106 236,250 17,500 X 1 X
NORTEL NETWORKS CORP COMMON FOREIGN 656568102 3,994,200 31,700 X 1 X
NORTHERN TRUST COMMON STOCK 665859104 675,625 10,000 X 1 X
NORTHROP GRUMMAN COMMON STOCK 666807102 232,925 4,400 X 1 X
OMNICOM GROUP COMMON STOCK 681919106 2,083,656 22,300 X 1 X
ORACLE SYSTEMS COMMON STOCK 68389X105 4,246,600 54,400 X 1 X
PECO ENERGY CO COMMON STOCK 693304107 295,000 8,000 X 1 X
PEPSICO COMMON STOCK 713448108 940,100 27,200 X 1 X
PFIZER COMMON STOCK 717081103 2,135,250 58,400 X 1 X
PHARMACIA & UPJOHN INC COMMON STOCK 716941109 379,200 6,400 X 1 X
PNC FINANCIAL SERVICES GROUP COMMON STOCK 693475105 265,869 5,900 X 1 X
PROCTER & GAMBLE COMMON STOCK 742718109 945,000 16,800 X 1 X
QUALCOM COMMON STOCK 747525103 1,642,438 11,000 X 1 X
QWEST COMMUNICATIONS INTL COMMON STOCK 749121109 344,350 7,100 X 1 X
RALSTON-RALSTON PURINA COMMON STOCK 751277302 369,563 13,500 X 1 X
RATIONAL SOFTWARE CORP COMMON STOCK 75409P202 260,100 3,400 X 1 X
READERS DIGEST COMMON STOCK 755267101 2,543,463 71,900 X 1 X
RELIASTAR FINL COMMON STOCK 75952U103 904,463 26,700 X 1 X
REYNOLDS & REYNOLDS COMMON STOCK 761695105 896,400 33,200 X 1 X
ROHM & HAAS COMMON STOCK 775371107 452,810 10,147 X 1 X
ROYAL DUTCH PETROLEUM COMMON FOREIGN 80257804 1,726,875 30,000 X 1 X
S C I SYSTEMS COMMON STOCK 783890106 473,550 8,800 X 1 X
SAFEWAY INC COMMON STOCK 786514208 506,800 11,200 X 1 X
SBC COMMUNICATIONS COMMON STOCK 78387G103 2,283,708 54,374 X 1 X
SCHERING-PLOUGH COMMON STOCK 806605101 915,075 24,900 X 1 X
SCHLUMBERGER COMMON STOCK 806857108 466,650 6,100 X 1 X
SCHWAB CHARLES CORP NEW COMMON STOCK 808513105 914,681 16,100 X 1 X
SEPRACOR INC COMMON STOCK 817315104 305,813 4,200 X 1 X
SIEBEL SYSTEMS INC COMMON STOCK 826170102 967,444 8,100 X 1 X
SMURFIT-STONE CONTAINER CORP COMMON STOCK 832727101 357,381 21,100 X 1 X
SNAP-ON COMMON STOCK 833034101 518,513 19,800 X 1 X
SOUTHERN COMMON STOCK 842587107 389,325 17,900 X 1 X
SPDR S&P DEP RCPT TRADES AND COMMON STOCK 78462F103 39,146,250 260,000 X 1 X
SPRINT COMMON STOCK 852061100 875,700 13,900 X 1 X
SPRINT CORP (PCS GROUP) COMMON STOCK 852061506 1,018,875 15,600 X 1 X
STAPLES COMMON STOCK 855030102 310,000 15,500 X 1 X
STATE STREET CORP COMMON STOCK 857477103 329,375 3,400 X 1 X
STRYKER COMMON STOCK 863667101 857,925 12,300 X 1 X
SUN MICROSYSTEMS COMMON STOCK 866810104 2,787,105 29,744 X 1 X
SYBRON CORP COMMON STOCK 87114F106 348,000 12,000 X 1 X
SYMBOL TECH COMMON STOCK 871508107 312,788 3,800 X 1 X
T R W COMMON STOCK 872649108 204,750 3,500 X 1 X
TANDY COMMON STOCK 875382103 268,975 5,300 X 1 X
TARGET CORP COMMON STOCK 87612E106 351,325 4,700 X 1 X
TELLABS COMMON STOCK 879664100 403,100 6,400 X 1 X
TENET HEALTHCARE COMMON STOCK 88033G100 213,900 9,300 X 1 X
TEXACO COMMON STOCK 881694103 450,450 8,400 X 1 X
TEXAS INSTRUMENTS COMMON STOCK 882508104 2,320,000 14,500 X 1 X
TEXAS UTILITIES CO (HLDG) COMMON STOCK 882848104 385,938 13,000 X 1 X
TIDEWATER COMMON STOCK 886423102 372,206 11,700 X 1 X
TIME WARNER COMMON STOCK 887315109 2,120,000 21,200 X 1 X
TRIBUNE COMMON STOCK 896047107 296,156 8,100 X 1 X
TYCO INTERNATIONAL COMMON STOCK 902124106 2,092,256 41,950 X 1 X
UNILEVER N.V. COMMON FOREIGN 904784709 208,141 4,325 X 1 X
UNITED TECH COMMON STOCK 913017109 726,656 11,500 X 1 X
US WEST COMMON STOCK 91273H101 290,500 4,000 X 1 X
USA NETWORKS COMMON STOCK 902984103 225,625 10,000 X 1 X
VERITAS SOFTWARE CORP COMMON STOCK 923436109 1,617,850 12,350 X 1 X
VIACOM -CL B COMMON STOCK 925524308 564,425 10,700 X 1 X
VIAD CORP COMMON STOCK 92552R109 313,388 13,700 X 1 X
VISHAY INTERTECH. INC COMMON STOCK 928298108 278,125 5,000 X 1 X
VITESSE SEMICONDUCTOR COMMON STOCK 928497106 452,375 4,700 X 1 X
WADDELL & REED FINANCIAL COMMON STOCK 930059100 533,138 12,600 X 1 X
WALGREEN COMMON STOCK 931422109 270,375 10,500 X 1 X
WAL-MART STORES COMMON STOCK 931142103 4,206,900 75,800 X 1 X
WARNER-LAMBERT COMMON STOCK 934488107 1,462,500 15,000 X 1 X
WASHINGTON MUTUAL COMMON STOCK 939322103 402,800 15,200 X 1 X
WEATHERFORD INTERNATIONAL COMMON STOCK 947074100 595,269 10,100 X 1 X
WELLS FARGO & CO (NEW) COMMON STOCK 949746101 1,002,969 24,500 X 1 X
WEYERHAEUSER COMMON STOCK 962166104 438,900 7,700 X 1 X
WISCONSIN ENERGY COMMON STOCK 976657106 265,169 13,300 X 1 X
WORLDCOM INC. COMMON STOCK 98157D106 2,219,225 48,976 X 1 X
WRIGLEY COMMON STOCK 982526105 867,981 11,300 X 1 X
XILINX, INC. COMMON STOCK 983919101 405,781 4,900 X 1 X
ADT OPERATIONS INC CONV DEBT 000945AC9 19,413,938 7,050,000 X 1 X
ALZA CORP CONV DEBT 022615AD0 63,106,875 58,500,000 X 1 X
AMERICAN GEN DEL CONV DEBT 02637G200 24,495,000 34,500,000 X 1 X
ANADARKO PETROLEUM CORP DEBT 032511AP2 13,080,000 24,000,000 X 1 X
ATHENA DEBT 046854AB1 11,497,500 8,400,000 X 1 X
ATHENA NEUROSCIENCES INC., DEBT 046854AA3 16,425,000 12,000,000 X 1 X
AUTOMATIC DATA PROCESSING DEBT 053015AC7 21,735,000 17,250,000 X 1 X
BELL ATLANTIC FINL SVCS DEBT 07785GAB6 5,355,000 5,250,000 X 1 X
BELL ATLANTIC FINL SVCS DEBT 07785GAC4 4,301,250 3,000,000 X 1 X
BERKSHIRE HATHAWAY INC DEL DEBT 084670AF5 19,688,813 7,350,000 X 1 X
CENTOCOR INC. DEBT 152342AE1 29,801,250 27,000,000 X 1 X
CHIRON CORP CONV DEBT 170040AB5 23,270,625 13,500,000 X 1 X
CLEAR CHANNEL COMM., INC., DEBT 184502AB8 38,469,375 31,500,000 X 1 X
CLEAR CHANNEL COMMUNICATIONS DEBT 184502AE2 48,759,375 52,500,000 X 1 X
COSTCO DEBT 22160QAC6 61,837,500 51,000,000 X 1 X
CUC INTL INC DEBT 126545AD4 15,365,625 16,500,000 X 1 X
CUC INTL INC CONV DEBT 126545AB8 15,365,625 16,500,000 X 1 X
DEUTSCHE BANK FINANCIAL DEBT 25153EBE0 115,143,750 69,000,000 X 1 X
DEVON ENERGY CORP DEBT 25179MAA1 8,089,875 8,100,000 X 1 X
DEVON ENERGY CORP. DEBT 25179MAB9 46,780,403 46,722,000 X 1 X
DIAMOND OFFSHORE CONV DEBT 25271CAA0 71,478,000 62,700,000 X 1 X
DSC COMMUNICATIONS CORP DEBT 233311AC3 21,363,750 20,250,000 X 1 X
ELAN FINANCE DEBT 284129AC7 14,831,250 21,000,000 X 1 X
ELAN INTL FIN CONV DEBT 284129AA1 42,375,000 60,000,000 X 1 X
GOLDMAN SACHS GIN-GIP DEBT 38141GAG9 9,117,270 9,000,000 X 1 X
GOLDMAN SACHS / WELLS FARGO DEBT 38141GAB0 8,280,000 9,000,000 X 1 X
HD EXCHANGEABLE TRUST DEBT 40414EAA3 6,705,000 6,000,000 X 1 X
HEALTH & RETIREMENT PPTYS DEBT U40488AA3 16,020,000 18,000,000 X 1 X
HEALTH CARE PPTY INVS INC DEBT 421915AC3 16,005,000 16,500,000 X 1 X
HEWLETT PACKARD CO CONV DEBT 428236AC7 61,053,750 81,000,000 X 1 X
HEWLETT PACKARD CO., DEBT 428236AA1 28,265,625 37,500,000 X 1 X
INCO LTD CONV DEBT 453258AH8 5,242,669 6,105,000 X 1 X
INTERPUBLIC GROUP DEBT 460690AG5 8,332,500 8,250,000 X 1 X
Interpublic Group DEBT 460690AJ9 20,452,500 20,250,000 X 1 X
KERR-MCGEE DEBT 492386AP2 32,775,000 28,500,000 X 1 X
KERR-MCGEE CORP DEBT 492386AL1 33,435,188 35,475,000 X 1 X
LEVEL ONE COMMUNICATIONS, DEBT 527295AC3 30,054,375 7,020,000 X 1 X
LIBERTY MEDIA DEBT 530715AK7 45,971,250 39,000,000 X 1 X
LIBERTY MEDIA GROUP DEBT 530715AF8 64,627,500 42,000,000 X 1 X
LIEBERT CONV DEBT 531735AA6 5,979,375 1,500,000 X 1 X
MAGNA INTL INC CONV DEBT 559222AE4 37,905,000 39,900,000 X 1 X
MOTOROLA CONV LIQUID YIELD DEBT 620076AJ8 9,600,000 6,000,000 X 1 X
NEWS CORP DEBT 652478AS7 72,581,550 63,390,000 X 1 X
OFFICE DEPOT INC DEBT 676220AA4 6,923,250 10,200,000 X 1 X
OMNICOM GROUP INC DEBT 681919AG1 50,531,250 26,250,000 X 1 X
POTOMAC ELEC PWR CO DEBT 737679BT6 8,505,000 9,000,000 X 1 X
SCI SYSTEMS INC DEBT 783890AF3 25,003,125 22,500,000 X 1 X
SOLECTRON DEBT 834182AJ6 18,022,500 27,000,000 X 1 X
SOLECTRON CORP. DEBT 834182AG2 44,055,000 66,000,000 X 1 X
ST PAUL CAPITAL CONV. DEBT 792856205 15,953,250 26,700,000 X 1 X
SWISS LIFE FIN. DEBT CP5026911 8,712,900 9,000,000 X 1 X
SWISS LIFE FINANCE LTD DEBT VV3084256 8,859,600 9,000,000 X 1 X
TECNOST INTL DEBT EC1437234 3,383 3,306 X 1 X
THERMO ELECTRON CORP CONV DEBT 883556AF9 22,893,750 24,750,000 X 1 X
THERMO INSTR SYS INC CONV DEBT 883559AC0 13,725,000 15,000,000 X 1 X
THERMO INSTR SYS INC., DEBT 883559AE6 9,121,875 10,500,000 X 1 X
U S CELLULAR CORP CONV DEBT 911684AA6 31,617,570 46,668,000 X 1 X
WELLPOINT DEBT 94973HAA6 14,934,375 22,500,000 X 1 X
XEROX DEBT 984121BB8 23,458,313 43,950,000 X 1 X
XEROX CREDIT CORP., DEBT 984121AY9 1,921,500 3,600,000 X 1 X
YOUNG & RUBICAM DEBT 987425AA3 5,550,000 6,000,000 X 1 X