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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
DECEMBER 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 G4A Northbrook Illinois 60062-7127
- --------------------------------------------------------------------------------
BUSINESS ADDRESS (STREET) (CITY) (STATE) (ZIP)
Doug Welch (847) 402-2170 Assistant Vice President, Investment Operation
- --------------------------------------------------------------------------------
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 9 DAY OF NOVEMBER, 2001.
ALLSTATE LIFE INSURANCE CO
------------------------------------------
(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. ALLSTATE INSURANCE COMPANY 28-35
- -------------------------------------------------------------- ---------------
2.
- -------------------------------------------------------------- ---------------
3.
- -------------------------------------------------------------- ---------------
4.
- -------------------------------------------------------------- ---------------
5.
- -------------------------------------------------------------- ---------------
FORM 13F REPORT
NAME OF REPORTING MANAGER: ALLSTATE LIFE INSURANCE COMPANY
ITEM 6: ITEM 8:
INVESTMENT VOTING AUTHORITY
DISCRETION (SHARES)
------------ ----------------
(A) (B) (C) (A) (B) (C)
S S O S
H H T H
ITEM 4: ITEM 5: S A A H S A N
ITEM 3: FAIR SHARES OR O R R E O R O
ITEM 1: ITEM 2: CUSIP MARKET PRINCIPAL L E E R ITEM 7: L E N
NAME OF ISSUER TITLE CLASS NUMBER VALUE AMOUNT E D D MANAGERS E D E
- --------------------------------------------------------------------------------------------------------------------------------
AUTOMATIC DATA PROCESSING COMMON STOCK 053015103 736,250 12,500 X 1 X
CINCINNATI FINL CORP COMMON STOCK 172062101 724,850 19,000 X 1 X
COMCAST CLASS A SPECIAL COMMON STOCK 200300200 936,000 26,000 X 1 X
EL PASO ENERGY CAPITAL TRUST I, 4.75%, NON-REDEEM P/S 283678209 1,225,500 21,500 X 1 X
EQUITY RESIDENTIAL PROPERTIES SERIES G NON-REDEEM P/S 29476L859 2,530,000 100,000 X 1 X
HCA INC COMMON STOCK 404119109 1,343,196 34,852 X 1 X
LUCENT TECHNOLOGIES REDEEMABLE P/S 549463206 699,875 550 X 1 X
MIRANT TRUST I, SERIES A PREFERRED REDEEMABLE P/S 60467Q102 569,100 14,000 X 1 X
OMNICOM GROUP COMMON STOCK 681919106 1,429,600 16,000 X 1 X
ROYAL BK SCOTLND REDEEMABLE P/S 780097804 855,360 33,000 X 1 X
SEALED AIR CORP., $2.00, CONVERTIBLE NON-REDEEM P/S 81211K209 580,300 14,000 X 1 X
SIMON PROPERTY GROUP 6.5% PFD B NON-REDEEM P/S 828806406 4,187,500 50,000 X 1 X
SOVEREIGN BANCORP NON-REDEEM P/S 845905306 490,000 7,000 X 1 X
ADELPHIA COMM. DEBT 006848BG9 2,345,625 2,700,000 X 1 X
AFFILIATED COMPUTER DEBT 008190AE0 8,207,513 5,910,000 X 1 X
AFFILIATED COMPUTER SVCS INC DEBT 008190AF7 4,166,250 3,000,000 X 1 X
AFFILIATED MANAGERS DEBT 008252AC2 6,158,250 6,300,000 X 1 X
AGILENT TECH INC DEBT 00846UAA9 16,539,188 14,850,000 X 1 X
ALKERMES INC DEBT 01642TAB4 1,321,125 1,950,000 X 1 X
ALLERGAN INC DEBT 018490AA0 12,663,938 20,550,000 X 1 X
ALLERGAN INC DEBT 018490AB8 2,773,125 4,500,000 X 1 X
ALZA CORP DEBT 02261WAA7 866,250 1,050,000 X 1 X
ALZA CORP. DEBT 02261WAB5 14,602,500 17,700,000 X 1 X
AMDOCS LIMITED DEBT 02342TAB5 3,295,313 3,750,000 X 1 X
AMER INTL GROUP DEBT 026874AP2 10,815,188 17,550,000 X 1 X
AMERICA ONLINE DEBT 02364JAC8 28,575,938 53,790,000 X 1 X
AMERICAN INTERNATIONAL GROUP DEBT 026874AN7 11,157,750 11,400,000 X 1 X
AMERICAN TOWER DEBT 029912AD4 865,688 1,350,000 X 1 X
ANADARKO PETROLEUM CORP DEBT 032511AP2 10,028,625 14,100,000 X 1 X
ANALOG DEVICES DEBT 032654AC9 5,563,950 5,880,000 X 1 X
ANALOG DEVICES DEBT 032654AD7 28,075,238 29,670,000 X 1 X
APOGENT TECH DEBT 03760AAD3 6,837,000 6,450,000 X 1 X
FORM 13F REPORT
NAME OF REPORTING MANAGER: ALLSTATE INSURANCE COMPANY
ITEM 6: ITEM 8:
INVESTMENT VOTING AUTHORITY
DISCRETION (SHARES)
------------ ----------------
(A) (B) (C) (A) (B) (C)
S S O S
H H T H
ITEM 4: ITEM 5: S A A H S A N
ITEM 3: FAIR SHARES OR O R R E O R O
ITEM 1: ITEM 2: CUSIP MARKET PRINCIPAL L E E R ITEM 7: L E N
NAME OF ISSUER TITLE CLASS NUMBER VALUE AMOUNT E D D MANAGERS E D E
- ------------------------------------------------------------------------------------------------------------------------------
ARROW ELECTRONIC DEBT 042735AY6 8,482,500 18,000,000 X 1 X
AUTOMATIC DATA PROCESSING INC CONV DEBT 053015AC7 1,435,373 942,000 X 1 X
AVON PRODUCTS DEBT 054303AP7 5,499,375 10,500,000 X 1 X
BAXTER INTL. DEBT 071813AQ2 18,675,000 18,000,000 X 1 X
BEA SYSTEMS DEBT 073325AD4 1,901,250 2,250,000 X 1 X
BEST BUY DEBT 086516AC5 8,302,500 10,800,000 X 1 X
BROCADE COM SYS DEBT 111621AA6 1,501,875 1,500,000 X 1 X
BROOKS AUTOMATION DEBT 11434AAA8 1,223,438 1,350,000 X 1 X
BURR-BROWN CORP DEBT 122574AF3 17,156,100 16,185,000 X 1 X
CALPINE CORP DEBT 131347AZ9 2,081,250 1,800,000 X 1 X
CALPINE CORP. DEBT 131347AX4 7,477,875 7,650,000 X 1 X
CARNIVAL CORP DEBT 143658AM4 4,317,375 4,350,000 X 1 X
CELESTICA INC DEBT 15101QAA6 2,161,125 5,100,000 X 1 X
CENDANT DEBT 151313AG8 11,865,000 12,000,000 X 1 X
CENDANT CORP DEBT 151313AF0 235,950 330,000 X 1 X
CENDANT CORP. DEBT 151313AE3 21,128,250 29,550,000 X 1 X
CEPHALON INC DEBT 156708AD1 2,449,688 2,250,000 X 1 X
CHARTER COMM DEBT 16117MAC1 1,772,063 1,950,000 X 1 X
CHARTER COMM. DEBT 16117MAB3 456,750 450,000 X 1 X
CIENA CORP DEBT 171779AA9 768,000 1,200,000 X 1 X
CITRIX SYSTEMS DEBT 177376AB6 680,625 1,500,000 X 1 X
CLEAR CHANNEL COMM., INC., CONVERTIBLE DEBT 184502AB8 12,683,438 12,450,000 X 1 X
CLEAR CHANNEL COMMUNICATIONS DEBT 184502AE2 15,595,594 15,975,000 X 1 X
COMCAST DEBT 200300BH3 6,997,500 9,000,000 X 1 X
COMVERSE TECH. DEBT 205862AH8 1,934,813 2,550,000 X 1 X
CONEXANT SYSTEMS DEBT 207142AB6 909,563 1,050,000 X 1 X
COR THERAPEUTICS DEBT 217753AE2 1,329,750 1,350,000 X 1 X
COR THERAPEUTICS DEBT 217753AG7 1,388,850 1,410,000 X 1 X
CORNING INC DEBT 219350AK1 7,215,938 6,450,000 X 1 X
CORNING INC. DEBT 219350AJ4 16,689,375 32,250,000 X 1 X
COSTCO DEBT 22160QAC6 13,369,950 13,140,000 X 1 X
FORM 13F REPORT
NAME OF REPORTING MANAGER: ALLSTATE INSURANCE COMPANY
ITEM 6: ITEM 8:
INVESTMENT VOTING AUTHORITY
DISCRETION (SHARES)
------------ ----------------
(A) (B) (C) (A) (B) (C)
S S O S
H H T H
ITEM 4: ITEM 5: S A A H S A N
ITEM 3: FAIR SHARES OR O R R E O R O
ITEM 1: ITEM 2: CUSIP MARKET PRINCIPAL L E E R ITEM 7: L E N
NAME OF ISSUER TITLE CLASS NUMBER VALUE AMOUNT E D D MANAGERS E D E
- ------------------------------------------------------------------------------------------------------------------------------
COX COMMUNICATION DEBT 224044AX5 8,039,063 18,750,000 X 1 X
COX COMMUNICATIONS DEBT 224044AW7 6,142,500 10,500,000 X 1 X
COX COMMUNICATIONS DEBT 224044BA4 11,162,813 15,750,000 X 1 X
COX ENTERPRISES DEBT 224050AM6 15,357,375 15,300,000 X 1 X
CYMER DEBT 232572AC1 794,063 825,000 X 1 X
CYPRESS SEMICONDUCTOR DEBT 232806AE9 1,949,400 2,280,000 X 1 X
DANAHER DEBT 235851AF9 3,882,188 6,150,000 X 1 X
DANAHER CORP. DEBT 235851AD4 8,332,500 13,200,000 X 1 X
DEVON ENERGY DEBT 25179MAC7 4,215,450 9,420,000 X 1 X
DEVON ENERGY CORP DEBT 25179MAA1 4,632,563 4,650,000 X 1 X
DEVON ENERGY CORP. DEBT 25179MAB9 12,298,388 12,222,000 X 1 X
DEVON ENERGY CORP. DEBT 25179MAD5 483,300 1,080,000 X 1 X
DIAMOND OFFSHORE DEBT 25271CAD4 15,323,588 16,770,000 X 1 X
DIAMOND OFFSHORE DEBT 25271CAE2 3,426,563 3,750,000 X 1 X
ECHOSTAR COMM. DEBT 278762AE9 3,222,000 3,600,000 X 1 X
ECHOSTAR COMMUNICATIONS DEBT 278762AD1 1,063,500 1,200,000 X 1 X
EL PASO CORP. DEBT 28336LAC3 7,007,813 17,250,000 X 1 X
ELAN FINANCE DEBT 284129AC7 18,828,563 26,850,000 X 1 X
ELEC DATA SYSTEM DEBT 285661AB0 11,934,000 14,400,000 X 1 X
ELECTRO SCI INDS DEBT 285229AA8 755,625 750,000 X 1 X
ENZON DEBT 293904AA6 1,183,500 1,200,000 X 1 X
EXTREME NETWORKS DEBT 30226DAA4 405,000 450,000 X 1 X
FEI COMPANY DEBT 30241LAA7 876,375 900,000 X 1 X
FIAT FIN LUX SA DEBT 31563NAA1 25,608,000 26,400,000 X 1 X
FIRST DATA DEBT 319963AD6 10,556,813 9,150,000 X 1 X
GENZYME CORP DEBT 372917AJ3 1,638,750 1,500,000 X 1 X
GILEAD SCIENCES DEBT 375558AB9 1,836,000 1,200,000 X 1 X
GOLDMAN SACHS / WELLS FARGO DEBT 38141GAB0 2,842,500 3,000,000 X 1 X
HANOVER COMPRESSOR DEBT 410768AC9 811,988 885,000 X 1 X
HEALTH MANAGEMENT DEBT 421933AB8 6,722,100 10,185,000 X 1 X
HILTON HOTELS CORP CONV DEBT 432848AL3 2,522,250 2,850,000 X 1 X
HNC SOFTWARE DEBT 40425PAB3 749,063 750,000 X 1 X
HOME DEPOT EXHANGEABLE TRUST DEBT 40414EAA3 2,763,750 3,000,000 X 1 X
HUMAN GENOME DEBT 444903AF5 1,080,000 1,200,000 X 1 X
HUMAN GENOME SCIENCES DEBT 444903AH1 1,183,219 1,575,000 X 1 X
FORM 13F REPORT
NAME OF REPORTING MANAGER: ALLSTATE INSURANCE COMPANY
ITEM 6: ITEM 8:
INVESTMENT VOTING AUTHORITY
DISCRETION (SHARES)
------------ ----------------
(A) (B) (C) (A) (B) (C)
S S O S
H H T H
ITEM 4: ITEM 5: S A A H S A N
ITEM 3: FAIR SHARES OR O R R E O R O
ITEM 1: ITEM 2: CUSIP MARKET PRINCIPAL L E E R ITEM 7: L E N
NAME OF ISSUER TITLE CLASS NUMBER VALUE AMOUNT E D D MANAGERS E D E
- ------------------------------------------------------------------------------------------------------------------------------
ICN PHARMACEUTICALS DEBT 448924AK6 2,027,250 1,800,000 X 1 X
IDEC PHARMACEUT DEBT 449370AC9 1,722,769 615,000 X 1 X
IMCLONE SYSTEMS DEBT 45245WAD1 796,875 750,000 X 1 X
INTERNATIONAL PAPER DEBT 460146BL6 16,683,188 33,450,000 X 1 X
INTERNATIONAL RECTIFIER CORP DEBT 460254AD7 740,250 900,000 X 1 X
INTERPUBLIC GROUP DEBT 460690AG5 4,521,600 5,760,000 X 1 X
INTERPUBLIC GROUP DEBT 460690AJ9 3,720,900 4,740,000 X 1 X
INTERPUBLIC GRP DEBT 460690AP5 10,678,125 12,750,000 X 1 X
INTL RECTIFIER DEBT 460254AE5 1,233,750 1,500,000 X 1 X
INVITROGEN CORP DEBT 46185RAB6 823,969 825,000 X 1 X
INVITROGEN INC DEBT 46185RAC4 3,618,750 3,750,000 X 1 X
IVAX DEBT 465823AE2 2,126,063 2,550,000 X 1 X
JABIL CIRCUIT DEBT 466313AA1 567,750 600,000 X 1 X
JACOR COMM INC DEBT 469858AB0 5,688,375 11,550,000 X 1 X
JMH FINANCE LIMITED DEBT 46621WAA9 7,980,000 8,400,000 X 1 X
JONES APPAREL DEBT 480081AD0 8,721,000 17,100,000 X 1 X
JUNIPER NETWORKS DEBT 48203RAA2 1,361,190 1,884,000 X 1 X
KERR-MCGEE DEBT 492386AP2 11,944,969 10,725,000 X 1 X
L-3 COMM HLDGS DEBT 502424AC8 1,989,000 1,950,000 X 1 X
LABORATORY CORP OF AMERICA DEBT 50540RAB8 11,441,250 16,200,000 X 1 X
LAM RESEARCH DEBT 512807AD0 1,063,500 1,200,000 X 1 X
LATTICE SEMICOND DEBT 518415AC8 1,624,350 1,365,000 X 1 X
LEGG MASON DEBT 524901AE5 4,289,063 9,150,000 X 1 X
LEGG MASON INC DEBT 524901AG0 2,812,500 6,000,000 X 1 X
LIBERTY MEDIA DEBT 530715AK7 6,474,188 10,950,000 X 1 X
LIBERTY MEDIA DEBT 530715AL5 1,419,000 2,400,000 X 1 X
LIBERTY MEDIA DEBT 530715AM3 9,234,000 12,150,000 X 1 X
LIBERTY MEDIA DEBT 530715AP6 12,853,500 13,200,000 X 1 X
LIBERTY MEDIA / AT&T CORP DEBT 530715AG6 5,475,000 7,500,000 X 1 X
LIBERTY MEDIA GROUP DEBT 530715AF8 4,161,000 5,700,000 X 1 X
LOWES COMPANIES DEBT 548661CD7 13,559,794 16,215,000 X 1 X
LOWES COMPANIES DEBT 548661CF2 6,271,875 7,500,000 X 1 X
FORM 13F REPORT
NAME OF REPORTING MANAGER: ALLSTATE INSURANCE COMPANY
ITEM 6: ITEM 8:
INVESTMENT VOTING AUTHORITY
DISCRETION (SHARES)
------------ ----------------
(A) (B) (C) (A) (B) (C)
S S O S
H H T H
ITEM 4: ITEM 5: S A A H S A N
ITEM 3: FAIR SHARES OR O R R E O R O
ITEM 1: ITEM 2: CUSIP MARKET PRINCIPAL L E E R ITEM 7: L E N
NAME OF ISSUER TITLE CLASS NUMBER VALUE AMOUNT E D D MANAGERS E D E
- ------------------------------------------------------------------------------------------------------------------------------
LSI LOGIC DEBT 502161AD4 626,456 555,000 X 1 X
LSI LOGIC DEBT 502161AE2 2,022,000 2,400,000 X 1 X
LSI LOGIC DEBT 502161AF9 2,047,500 2,250,000 X 1 X
LTX CORP DEBT 502392AD5 295,500 300,000 X 1 X
MAGNA INTL INC DEBT 559222AG9 7,055,250 6,900,000 X 1 X
MARRIOTT INTERNATIONAL DEBT 571903AA1 8,938,125 10,500,000 X 1 X
MEDAREX DEBT 583916AA9 1,069,500 1,200,000 X 1 X
MEDIACOM COMM. DEBT 58446KAA3 1,067,625 900,000 X 1 X
MEDTRONIC DEBT 585055AA4 19,664,063 18,750,000 X 1 X
MERCURY INTERACTIVE DEBT 589405AB5 788,531 975,000 X 1 X
MERRILL LYNCH DEBT 590188A65 33,708,000 63,600,000 X 1 X
MIRANT CORP DEBT 604675AB4 2,591,813 3,450,000 X 1 X
MORGAN STANLEY DEBT 617446GR4 4,162,500 4,500,000 X 1 X
NABORS DEBT 629568AE6 8,625,750 15,900,000 X 1 X
NABORS DEBT 629568AF3 11,880,750 21,900,000 X 1 X
NETWORKS ASSOCIATES DEBT 64123LAA9 967,500 600,000 X 1 X
NEWS AMERICA DEBT 652482AY6 8,075,250 16,650,000 X 1 X
NEXTEL DEBT 65332VBB8 2,789,063 3,750,000 X 1 X
NORTEL NETWORKS DEBT 656568AA0 18,191,250 18,900,000 X 1 X
NOVELLUS SYSTEMS DEBT 670008AA9 10,705,500 10,800,000 X 1 X
OBBLIGAZIONI OLIVETTI FINANCE NV DEBT T92376AA9 3,335 3,306 X 1 X
OFFSHORE LOGISTICS INC DEBT 676255AF9 478,800 480,000 X 1 X
OMNICOM GROUP DEBT 681919AH9 3,978,000 3,900,000 X 1 X
PENNEY (JC) CO DEBT 708160BU9 1,843,875 1,650,000 X 1 X
PERFORMANCE FOOD DEBT 713755AA4 960,000 750,000 X 1 X
PERKINELMER INC DEBT 714046AA7 16,876,519 30,615,000 X 1 X
PMC-SIERRA DEBT 69344FAA4 664,688 750,000 X 1 X
PMI GROUP DEBT 69344MAC5 5,538,750 5,250,000 X 1 X
PRIDE INTL INC DEBT 741932AB3 2,515,125 5,700,000 X 1 X
PROTEIN DESIGN DEBT 74369LAB9 602,775 540,000 X 1 X
PROVINCE HEALTHC DEBT 743977AD2 1,837,500 1,875,000 X 1 X
RATIONAL SOFTWARE DEBT 75409PAC7 1,016,719 1,125,000 X 1 X
REEBOK DEBT 758110AD2 7,055,250 6,900,000 X 1 X
RF MICRO DEVICES DEBT 749941AB6 800,719 975,000 X 1 X
FORM 13F REPORT
NAME OF REPORTING MANAGER: ALLSTATE INSURANCE COMPANY
ITEM 6: ITEM 8:
INVESTMENT VOTING AUTHORITY
DISCRETION (SHARES)
------------ ----------------
(A) (B) (C) (A) (B) (C)
S S O S
H H T H
ITEM 4: ITEM 5: S A A H S A N
ITEM 3: FAIR SHARES OR O R R E O R O
ITEM 1: ITEM 2: CUSIP MARKET PRINCIPAL L E E R ITEM 7: L E N
NAME OF ISSUER TITLE CLASS NUMBER VALUE AMOUNT E D D MANAGERS E D E
- ------------------------------------------------------------------------------------------------------------------------------
RIVER STONE DEBT 769320AA0 1,193,063 1,050,000 X 1 X
ROCHE HLDGS/GENENTECH DEBT 771196AG7 23,706,750 32,475,000 X 1 X
SANMINA DEBT 800907AD9 1,497,450 4,020,000 X 1 X
SCI SYSTEMS INC DEBT 783890AF3 9,390,750 11,400,000 X 1 X
SEMTECH CORP. DEBT 816850AD3 1,296,000 1,200,000 X 1 X
SEPRACOR DEBT 817315AH7 2,801,250 2,700,000 X 1 X
SHAW GROUP DEBT 820280AA3 2,359,875 4,650,000 X 1 X
SHAW GROUP DEBT 820280AC9 2,664,375 5,250,000 X 1 X
SIEBEL SYSTEMS DEBT 826170AC6 1,050,000 750,000 X 1 X
SOLECTRON CORP DEBT 834182AK3 28,286,100 53,370,000 X 1 X
SPDR EXCHANGE TRUST DEBT 78463LAA7 146,157,000 150,000,000 X 1 X
SPX CORP. DEBT 784635AC8 2,208,750 3,000,000 X 1 X
SYMANTEC CORP DEBT 871503AA6 1,263,938 1,050,000 X 1 X
TEVA PHARMACEUTICAL DEBT 88163VAA7 7,858,500 7,800,000 X 1 X
TEVA PHARMACEUTICAL DEBT 88163XAA3 6,244,875 6,300,000 X 1 X
THERMO INSTR SYS INC., CONVERTIBLE DEBT 883556AH5 9,712,500 10,500,000 X 1 X
TJX COMPANIES DEBT 872540AL3 7,397,813 9,750,000 X 1 X
TRANSOCEAN SEDCO FOREX DEBT 893830AD1 15,638,250 17,400,000 X 1 X
TRIQUINT SEMICON DEBT 89674KAB9 438,000 600,000 X 1 X
TYCO INT'L DEBT 902124AC0 5,197,500 6,750,000 X 1 X
TYCO INTL GROUP DEBT 902118AW8 57,423,938 76,950,000 X 1 X
UNITED PARCEL DEBT 911312AB2 9,945,000 10,200,000 X 1 X
UNIV HEALTH SVCS DEBT 913903AL4 7,449,750 12,900,000 X 1 X
US BANCORP DEBT 902973AC0 13,342,500 18,000,000 X 1 X
VEECO INSTRUMENT DEBT 922417AA8 1,335,000 1,200,000 X 1 X
VERITAS SOFTWARE DEBT 92343RAA1 1,490,625 1,125,000 X 1 X
VERIZON GLOBAL DEBT 92343VAA2 35,030,531 65,325,000 X 1 X
VISHAY DEBT 928298AC2 1,908,000 3,600,000 X 1 X
WEATHERFORD INTERNATIONAL DEBT 947074AA8 2,446,500 4,200,000 X 1 X
WEATHERFORD INT'L DEBT 947074AB6 3,407,625 5,850,000 X 1 X
WIND RIVER SYSTM DEBT 973149AD9 765,000 750,000 X 1 X
XEROX DEBT 984121BB8 1,586,250 3,000,000 X 1 X
XL CAPITAL DEBT 98372PAC2 4,203,563 7,050,000 X 1 X