FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 2000
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: 235
Form 13F Information Table Value Total: 2,027,915 (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 12,311 4,2 674,595 SH DEFINED 674,595
ADVANCED ENERGY SUB NT CV 007973AA8 4,797 3,2 3,550,000 PRN DEFINED
ADVANTICA RESTAURANT GROUP COM 00758B109 3,753 4,2 3,877,287 SH DEFINED 3,877,287
AES CORP JR SBDB CV 00130HAN5 5,317 3,2 3,045,000 PRN DEFINED
AFFIL COMPUTER SB NT CV 008190AD2 4,602 3,2 4,720,000 PRN DEFINED
AGILENT TECHNOLOGIES INC COM 00846U101 3,098 3,2 42,000 SH DEFINED 42,000
AGNICO-EAGLE MINES LTD COM 008474108 1,545 4,2 240,000 SH DEFINED 240,000
ALCOA INC COM 013817101 9,692 3,4,2 334,200 SH DEFINED 334,200
ALLIN COMMUNICATIONS CORP COM 019924109 786 4,2 340,000 SH DEFINED 340,000
ALLTEL CORP COM 020039103 6,216 4,2,1 100,352 SH DEFINED 100,352
AMERADA HESS COM 023551104 1,544 4,2 25,000 SH DEFINED 25,000
AMERICA ONLINE INC COM 02364J104 3,323 3,2 63,000 SH DEFINED 63,000
AMERICA WEST HOLDINGS CL B 023657208 364 3,2 21,278 SH DEFINED 21,278
AMERICAN BUSINESS FINL SVCS COM 02476B106 286 4,2 25,042 SH DEFINED 25,042
AMERICAN CAPITAL STRATEGIES COM 024937104 3,880 4,2 162,500 SH DEFINED 162,500
AMERICAN EXPRESS COM 025816109 4,431 3,2 85,000 SH DEFINED 85,000
AMERICAN INTL GROUP INC COM 026874107 1,072 4,2 9,127 SH DEFINED 9,127
AMERICAN TOWER NT CV 029912AE2 971 3,2 960,000 PRN DEFINED
AMR CORP COM 001765106 1,256 4,2 47,500 SH DEFINED 47,500
ANADARKO PETROLEUM CORP COM 032511107 4,882 4,2 99,000 SH DEFINED 99,000
ANHEUSER BUSCH CO COM 035229103 2,622 4,2 35,100 SH DEFINED 35,100
ANTEC CORP SB NT CV 03664PAA3 3,983 4,2 2,250,000 PRN DEFINED
AON CORP COM 037389103 795 4,2 25,600 SH DEFINED 25,600
APPLIED MATERIALS INC. COM 038222105 8,609 3,2 95,000 SH DEFINED 95,000
ARCHER DANIELS COM 039483102 9,321 4,2 949,978 SH DEFINED 949,978
ARGUSS COMMUNICATIONS INC COM 040282105 7,947 4.2 421,012 SH DEFINED 421,012
ASHANTI GOLDFIELDS GDR 043743202 1,015 4,2 580,000 SH DEFINED 580,000
AT & T CORPORATION COM 001957109 12,725 4,2 400,000 SH DEFINED 400,000
BANK UNITED CORP-CL A CL A 065412108 2,463 3,2 70,000 SH DEFINED 70,000
BAYCORP HOLDINGS LTD COM 072728108 3,140 3,2 386,442 SH DEFINED 386,442
BECTON DICKINSON & CO COM 075887109 3,586 4,2 125,000 SH DEFINED 125,000
BELL ATLANTIC CORP COM 077853109 2,287 3.2 45,000 SH DEFINED 45,000
BEVERLY ENTERPRISES INC COM 087851309 2,348 4,2 834,900 SH DEFINED 834,900
BLACKROCK INSD MUNI TERM COM 092474105 894 4,2 89,400 SH DEFINED 89,400
BLACKROCK MUNI TARGET TRUST COM 09247M105 866 4,2 85,500 SH DEFINED 85,500
BLOCK H & R INC COM 093671105 2,752 4,2 85,000 SH DEFINED 85,000
BOEING COMPANY COM 097023105 7,317 4,2 175,000 SH DEFINED 175,000
BOSTON PROPERTIES INC COM 101121101 8,324 2 215,500 SH DEFINED 215,500
BRISTOL-MYERS SQUIBB CO COM 110122108 8,738 3.2 150,000 SH DEFINED 150,000
BUCKHEAD AMERICA CORP COM 11835A105 111 3.2 21,579 SH DEFINED 21,579
BURLINGTON RESOURCES INC COM 122014103 3,634 3.2 95,000 SH DEFINED 95,000
CABOT INDUSTRIAL TRUST COM 127072106 276 3.2 14,000 SH DEFINED 14,000
CAMBREX CORP COM 132011107 383 2 8,500 SH DEFINED 8,500
CANADIAN NATL RAILWAY CO COM 136375102 7 3,2 224 SH DEFINED 224
CAPITAL ONE FINANCIAL CORP COM 14040H105 2,231 4,2 50,000 SH DEFINED 50,000
CARDINAL HEALTH INC. COM 14149Y108 4,782 3,2 64,625 SH DEFINED 64,625
CATELLUS DEVELOPMENT COM 149111106 1,616 4,2 107,724 SH DEFINED 107,724
CENTRAL VERMONT PUB SERV COM 155771108 518 4,2 47,100 SH DEFINED 47,100
CH ENERGY GROUP INC. COM 12541M102 1,103 4,2 32,500 SH DEFINED 32,500
CISCO SYSTEMS INC COM 17275R102 12,713 3,2 200,000 SH DEFINED 200,000
CITIGROUP INC COM 172967101 4,880 3,2 81,000 SH DEFINED 81,000
CNA INCOME SHARES INC COM 126119106 1,025 4,2 130,042 SH DEFINED 130,042
CNA SURETY CORPORATION COM 12612L108 323,463 4,2,1 27,096,347 SH DEFINED 27,096,347
COMCAST CORP CL A SPL 200300200 8,910 3,4,2 220,000 SH DEFINED 220,000
COMMUNICATION INTELLIGENCE COM 20338K106 3,363 4,2 750,000 SH DEFINED 750,000
CONECTIV INC COM 206829103 1,050 4,2 67,500 SH DEFINED 67,500
CONSOLIDATED EDISON INC COM 209115104 1,037 4,2 35,000 SH DEFINED 35,000
CREDENCE SYSTEMS CORP COM 225302108 331 2 6,000 SH DEFINED 6,000
CRESCENT REAL ESTATE EQT COM 225756105 1,229 4,2 60,000 SH DEFINED 60,000
CROWN RESOURCE CORP COM 228569109 355 4,2 501,400 SH DEFINED 501,400
DOW CHEMICAL CORP COM 260543103 4,890 4,2 162,000 SH DEFINED 162,000
DU PONT DE NEMOURS E.I. COM 263534109 2,844 4,2 65,000 SH DEFINED 65,000
EAST-WEST BANCORP INC. COM 27579R104 28,750 4,2 2,000,000 SH DEFINED 2,000,000
EBIX.COM INC COM 278715107 1,553 2.1 304,924 SH DEFINED 304,924
EMC CORPORATION COM 268648102 6,647 3,2 86,400 SH DEFINED 86,400
EMERSON ELECTRIC COMPANY COM 291011104 5,784 3,4,2 95,800 SH DEFINED 95,800
ENCOMPASS SERVICES CORP COM 29255U104 393 4,2 68,397 SH DEFINED 68,397
ENGEL GENERAL DEVELOPERS ORD M40515104 390 4,2 120,000 SH DEFINED 120,000
ENRON CORP COM 293561106 9,030 3,2 140,000 SH DEFINED 140,000
EQUANT NV NY REG SHS 294409107 1,935 3,2 45,000 SH DEFINED 45,000
EQUITY OFFICE PROPERTIES COM 294741103 1,378 2 50,000 SH DEFINED 50,000
EQUITY OFFICE PROPERTIES TR PFD CV B 294741509 1,758 4,2 41,600 SH DEFINED 41,600
EQUITY RESIDENTIAL PROPERTY TSH BEN INT 29476L107 9,197 2 200,000 SH DEFINED 200,000
ERICSSON (LM) TEL ADR CL B SE 294821400 300 2 15,000 SH DEFINED 15,000
ESTEE LAUDER COMPANIES CL A 518439104 49 4,2 1,000 SH DEFINED 1,000
EXCITE@HOME SB NT CV 045919AD9 12,996 3,4,2 18,500,000 PRN DEFINED
FIRST DATA CORP COM 319963104 3,722 3,2 75,000 SH DEFINED 75,000
FORD MOTOR COMPANY COM 345370100 4,958 4,2 115,300 SH DEFINED 115,300
FRIEDMAN BILLINGS RAMSEY CL A 358433100 414 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 41 3,2 7,913 SH DEFINED 7,913
GENERAL ELECTRIC CO COM 369604103 6,837 3,2 129,000 SH DEFINED 129,000
GENERAL MOTORS CORP COM 370442105 8,568 4,2 147,563 SH DEFINED 147,563
GENERAL MOTORS CORP CL H 370442832 1,709 4,2 19,420 SH DEFINED 19,420
GENZYME CORP SB NT CV 372917AF1 4,465 3,2 2,700,000 PRN DEFINED
GILLETTE CO. COM 375766102 3,284 3,2 94,000 SH DEFINED 94,000
GLAMIS GOLD LTD COM 376775102 2,233 4,2 1,152,840 SH DEFINED 1,152,840
GLENBOROUGH REALTY TRUST COM 37803P105 436 4,2 25,000 SH DEFINED 25,000
GLOBAL CROSSING LTD COM G3921A100 742,394 4,2 28,215,035 SH DEFINED 28,215,035
GOLD STANDARD INC COM 380724302 186 4,2 82,813 SH DEFINED 82,813
GOLDCORP INC CL A SUBVTG 380956102 536 4,2 75,000 SH DEFINED 75,000
GOLDEN STATE BANCORP COM 381197102 2,704 4,2 150,100 SH DEFINED 150,100
HAYES LEMMERZ INTL INC COM 420781106 3,432 4,2 284,500 SH DEFINED 284,500
HEALTHCARE REALTY TRUST COM 421946104 5,581 4,2 326,500 SH DEFINED 326,500
HEALTHSOUTH CORP. COM 421924101 7,187 4,2 1,000,000 SH DEFINED 1,000,000
HEWLET-PACKARD SB LYONZR 428236AC7 10,395 4,2 11,000,000 PRN DEFINED
HEWLETT-PACK FIN SB LYONZR 428236AA1 14,175 4,2 15,000,000 PRN DEFINED
HOME DEPOT COM 437076102 599 2 12,000 SH DEFINED 12,000
HORIZON GROUP PROPERTIES COM 44041U102 2 4,2 630 SH DEFINED 630
HOUSEHOLD INTL INC COM 441815107 2,078 4,2 50,000 SH DEFINED 50,000
HUMANA INC. COM 444859102 926 4,2 190,000 SH DEFINED 190,000
IKON MBIA INC. COM 55262C100 1,927 4,2 40,000 SH DEFINED 40,000
ILLINOIS TOOL WORKS INC COM 452308109 2,953 3,2 51,800 SH DEFINED 51,800
INFINITY BROADCASTING CORP CL A 45662S102 3,498 3,2 96,000 SH DEFINED 96,000
INSWEB CORPORATION COM 45809K103 2,978 4,2 1,401,467 SH DEFINED 1,401,467
INTEL CORP COM 458140100 4,626 3,2 34,600 SH DEFINED 34,600
INTERMEDIA COMMUNICATIONS COM 458801107 3,332 3,2 112,000 SH DEFINED 112,000
INTL BUSINESS MACHINE COM 459200101 9,028 3,4,2 82,400 SH DEFINED 82,400
INTERNATIONAL PAPER CO. COM 460146103 5,217 4,2 175,000 SH DEFINED 175,000
INTERSTATE BAKERIES COM 46072H108 1,936 4,2 138,300 SH DEFINED 138,300
JPS INDUSTRIES INC COM 46624E405 2,201 4,2 419,243 SH DEFINED 419,243
KEMPER INTERMEDIATE GOVT TR SH BEN INT 488413105 964 4,2 149,800 SH DEFINED 149,800
KEYSPAN CORPORATION COM 49337W100 6,063 4,2 197,160 SH DEFINED 197,160
KEYSTONE FINANCIAL INC COM 493482103 22 2,1 1,013 SH DEFINED 1,013
KROGER COMPANY COM 501044101 7,594 3,4,2 344,200 SH DEFINED 344,200
LASALLE RE HOLDINGS ORD G5383Q101 20,221 4,2 1,425,354 SH DEFINED 1,425,354
LIBERTY MEDIA COM 001957208 13,533 3,2 558,048 SH DEFINED 558,048
LIBERTY PROPERTY TRUST SH BEN INT 531172104 10,440 4,2 402,500 SH DEFINED 402,500
LIGHTSPAN INC COM 53226T103 41 3,2 7,500 SH DEFINED 7,500
LILLY (ELI) & CO. COM 532457108 779 3,2 7,800 SH DEFINED 7,800
LORAL SPACE & COMM COM G56462107 1,120 3,2 161,500 SH DEFINED 161,500
LSI CORP COM 502161102 1,624 3,2 30,000 SH DEFINED 30,000
MACK-CALI REALTY CORP COM 554489104 257 4,2 10,000 SH DEFINED 10,000
MCLEODUSA INC CL A 582266102 676 4,2 32,664 SH DEFINED 32,664
MEDIAONE GROUP, INC COM 58440J104 854 3,2 12,917 SH DEFINED 12,917
MEDTRONIC INC COM 585055106 5,978 3,2 120,000 SH DEFINED 120,000
MELLON FINANCIAL CORP COM 58551A108 474 2 13,000 SH DEFINED 13,000
MERIDIAN GOLD INC COM 589975101 395 4,2 65,000 SH DEFINED 65,000
MGIC AETNA INC. COM 008117103 321 4,2 5,000 SH DEFINED 5,000
MGIC GPU INC. COM 36225X100 947 4,2 35,000 SH DEFINED 35,000
MICROCELL TELECOMM CL B NONVTG 59501T304 385 4,2 10,647 SH DEFINED
MICRON TECHNOLOGY INC COM 595112103 1,321 3,2 15,000 SH DEFINED 15,000
MICROSOFT CORP COM 594918104 3,840 3,2 48,000 SH DEFINED 48,000
MOLEX CL A NONVTG 608554200 3,045 3,2 86,993 SH DEFINED 86,993
MOTOROLA INC COM 620076109 3,400 3,2 117,000 SH DEFINED 117,000
MSDW ASIA PACIFIC FUND COM 61744U106 3,121 4,2 306,400 SH DEFINED 306,400
MSDW INDIA INVESTMENT FUND COM 61745C105 797 4,2 66,400 SH DEFINED 66,400
MSDW INSURED MUNICIPAL INC INSD MUN IN 61745P791 757 4,2 57,400 SH DEFINED 57,400
MUNIVEST FUND INC COM 626295109 5,423 4,2 711,200 SH DEFINED 711,200
MUNIYIELD INSURED FUND INC COM 62630E107 2,823 4,2 227,000 SH DEFINED 227,000
MUNIYIELD QUALITY FUND COM 626302103 8,363 4,2 693,300 SH DEFINED 693,300
NACCO INDS INC CL A CL A 629579103 601 4,2 17,100 SH DEFINED 17,100
NETOPIA INC COM 64114K104 642 2,1 15,957 SH DEFINED 15,957
NIAGARA MOHAWK HOLDINGS COM 653520106 3,299 4,2 236,700 SH DEFINED 236,700
NOKIA CORP ADR 654902204 2,747 3,2 55,000 SH DEFINED 55,000
NORFOLK SOUTHERN CORP. COM 655844108 3,577 4,2 240,500 SH DEFINED 240,500
NORTH FORK BANCORPORATION COM 659424105 2,229 4,2 147,250 SH DEFINED 147,250
NUVEEN MUNICIPAL VALUE FUND COM 670928100 378 4,2 44,800 SH DEFINED 44,800
OGE ENERGY CORP COM 670837103 1,467 4,2 79,300 SH DEFINED 79,300
ON COMMAND CORPORATION COM 682160106 5,023 4,2 352,480 SH DEFINED 352,480
ON COMMAND CORPORATION WT B 682160122 500 4,2 123,130 SH CALL DEFINED
OWENS-ILL INC PFD CONV 690768502 1,466 4,2 65,900 SH DEFINED 65,900
PACTIV CORPORATION COM 695257105 2,756 4,2 350,000 SH DEFINED 350,000
PENNEY (J.C.) CO. INC. COM 708160106 3,595 4,2 195,000 SH DEFINED 195,000
PEPSI BOTTLING GROUP INC COM 713409100 6,590 4,2 225,800 SH DEFINED 225,800
PEPSICO INCORPORATED COM 713448108 4,088 3,2 92,000 SH DEFINED 92,000
PFIZER INC COM 717081103 6,384 3,2 133,000 SH DEFINED 133,000
PHARMACIA CORPORATION COM 71713U102 4,135 3,2 80,000 SH DEFINED 80,000
PITNEY-BOWES INC COM 724479100 1,800 3,2 45,000 SH DEFINED 45,000
PLACER DOME INC COM 725906101 4,498 4,2 470,352 SH DEFINED 470,352
POLICY MANAGEMENT SYSTEMS COE COM 731108106 23,355 4,2 1,519,024 SH DEFINED 1,519,024
POTASH CORP OF SASKATCHEWAN COM 73755L107 4,851 4,2 87,900 SH DEFINED 87,900
POTOMAC ELECTRIC POWER COM 737679100 8,206 4,2 315,600 SH DEFINED 315,600
PRIME HOSPITALITY CORP COM 741917108 60 4,2 6,375 SH DEFINED 6,375
PRIME RETAIL INC COM 741570105 16 4,2 12,600 SH DEFINED 12,600
PRISON REALTY TRUST INC COM 74264N105 530 4,2 157,000 SH DEFINED 157,000
PSINET INC COM 74437C101 2,035 3,2 81,000 SH DEFINED 81,000
QWEST COMMUNICATIONS INTL COM 749121109 500 2 10,000 SH DEFINED 10,000
RADIO ONE INC CL A 75040P108 744 2,1 25,173 SH DEFINED 25,173
RATIONAL SOFTWAR SUB NT CV 75409PAA1 5,252 3,2 3,600,000 SH DEFINED 3,600,000
RAYTHEON CO. COM CL B 755111408 732 4,2 38,000 SH DEFINED 38,000
RGS ENERGY GROUP INC COM 74956K104 1,726 4,2 77,500 SH DEFINED 77,500
RHYTHMS NETCONNECTIONS INC COM 762430205 63 4,2 5,000 SH DEFINED 5,000
ROBERT MONDAVI CORP CL A 609200100 307 2 10,000 SH DEFINED 10,000
ROCKWELL INTL CORP COM 773903109 3,011 4,2 95,600 SH DEFINED 95,600
ROSS STORES INC COM 778296103 341 4,2 20,000 SH DEFINED 20,000
RYDER SYSTEM INC COM 783549108 1,894 4,2 100,000 SH DEFINED 100,000
SAFEWAY INC COM 786514208 3,610 3,2 80,000 SH DEFINED 80,000
SANMINA CORP SB DB CV 800907AA5 2,276 3,2 1,130,000 PRN DEFINED
SANMINA CORP SUB NTCV 800907AB3 826 3,2 410,000 PRN DEFINED
SCANA CORP COM 80589M102 9,650 4,2 400,000 SH DEFINED 400,000
SCHERING PLOUGH COM 806605101 6,060 3,2 120,000 SH DEFINED 120,000
SCHLUMBERGER LIMITED COM 806857108 4,821 3,2 64,600 SH DEFINED 64,600
SEAGATE TECHNOLOGY INC. COM 811804103 825 4,2 15,000 SH DEFINED 15,000
SFX ENTERTAINMENT INC CL A 784178105 45 4,2 1,000 SH DEFINED 1,000
SIEBEL SYSTEMS INC COM 826170102 2,453 3,2 15,000 SH DEFINED 15,000
SIERRA PACIFIC RESOURCES COM 826428104 974 4,2 77,500 SH DEFINED 77,500
SIRIUS SATELLITE RADIO INC COM 82966U103 107,345 4,2 2,422,472 SH DEFINED 2,422,472
SIX FLAGS INC COM 740540208 248 2 10,900 SH DEFINED 10,900
SMITH CHARLES E RESIDENTIAL COM 832197107 285 4,2 7,500 SH DEFINED 7,500
SOLECTRON CORP COM 834182107 2,303 3,2 55,000 SH DEFINED 55,000
SPANISH BROADCASTING SYS CL A 846425882 206 4,2 10,000 SH DEFINED 10,000
SPRINT CORP COM 852061100 5,297 3,2,1 103,856 SH DEFINED 103,856
SPRINT CORP (PCS GROUP) COM SER1 852061506 85 2,1 1,428 SH DEFINED 1,428
STAR GAS PARTNER SR SUB UN 85512C204 284 4,2 42,434 PRN DEFINED
STMICROELECTRON SUB LYONZR 861012AB8 42,257 3,4,2 24,550,000 PRN DEFINED
STORAGE TECHNOLOGY COM PAR 862111200 30 3,2 2,754 SH DEFINED 2,754
SUN MICROSYSTEMS INC COM 866810104 6,820 3,2 75,000 SH DEFINED 75,000
SUNBEAM CORP SRSDCV ZR 867071AA0 15,278 4,2 97,000,000 PRN DEFINED
TAUBMAN CENTERS INC COM 876664103 8,250 2 750,000 SH DEFINED 750,000
TECNOMATIX TECHNOLOGIES LTD ORD M8743P105 14 4,2 1,000 SH DEFINED 1,000
TELLABS INC COM 879664100 4,859 3,2 71,000 SH DEFINED 71,000
TEXAS INSTRUMENTS INCORPORATE COM 882508104 5,426 3,2 79,000 SH DEFINED 79,000
TEXTRON INC COM 883203101 1,901 3,2 35,000 SH DEFINED 35,000
THE HEALTHCARE COMPANY COM 404119109 2,430 4,2 80,000 SH DEFINED 80,000
THOUSAND TRAILS, INC COM 885502104 718 4,2 159,660 SH DEFINED 159,660
TRANSOCEON SEDCO FOREX INC ORD G90078109 2,704 3,2 50,606 SH DEFINED 50,606
TRIBUNE CO NEW COM 896047107 3,815 3,4,2 109,000 SH DEFINED 109,000
TRIQUINT SEMICON SB NT CV 89674KAA1 981 3,2 1,080,000 PRN DEFINED
TVX GOLD INC COM 87308K101 1,564 4,2 2,501,900 SH DEFINED 2,501,900
TYCO INTERNATIONAL LTD COM 902124106 4,595 3,2 97,000 SH DEFINED 97,000
UGLY DUCKLING CORP COM 903512101 353 4,2 50,000 SH DEFINED 50,000
UNION PACIFIC COM 907818108 2,421 4,2 65,100 SH DEFINED 65,100
UNION PACIFIC RESOURCES COM 907834105 4,950 4,2 225,000 SH DEFINED 225,000
UNOCAL CORP COM 915289102 4,803 4,2 145,000 SH DEFINED 145,000
US AIR GROUP INC COM 911905107 293 4,2 7,500 SH DEFINED 7,500
US WEST INC COM 91273H101 25 2,1 293 SH DEFINED 293
USEC INC COM 90333E108 275 4,2 59,500 SH DEFINED 59,500
UST INC COM 902911106 14,687 4,2 1,000,000 SH DEFINED 1,000,000
USX - MARATHON GROUP INC COM 902905827 2,256 4,2 90,000 SH DEFINED 90,000
VAN KAMPEN ADV MUNI INC SH BEN INT 921124103 1,529 4,2 120,500 SH DEFINED 120,500
VAN KAMPEN MUNI OPPOR TR-II COM 920944105 486 4,2 43,000 SH DEFINED 43,000
VAN KAMPEN MUNI OPPOR TR COM 920935103 920 4,2 67,500 SH DEFINED 67,500
VAN KAMPEN VALUE MUNI INCOME COM 921132106 2,017 4,2 171,700 SH DEFINED 171,700
WAL MART STORES INC COM 931142103 3,141 3,2 54,500 SH DEFINED 54,500
WASHINGTON GAS LIGHT CO COM 938837101 1,251 4,2 52,000 SH DEFINED 52,000
WASTE MANAGEMENT INC COM 94106L109 1,710 4,2 90,000 SH DEFINED 90,000
WELLS FARGO & COMPANY COM 949746101 3,875 3,2 100,000 SH DEFINED 100,000
WILLIAMS COMMUNICATIONS CL A 969455104 2,647 4,2 80,000 SH DEFINED 80,000
WILLIAMS COS INC COM 969457100 8,517 3,4,2,1 204,312 SH DEFINED 204,312
WIND RIVER SYSTM SUB NT CONV 973149AC1 3,765 3,2 3,078,000 PRN DEFINED
WISCONSIN ENERGY CORP COM 976657106 1,209 4,2 61,000 SH DEFINED 61,000
WORLDCOM INC. COM 98157D106 4,129 3,2 90,000 SH DEFINED 90,000
XEROX CORP COM 984121103 1,612 4,2 77,700 SH DEFINED 77,700
XTRA CORP COM 984138107 635 3,2 16,089 SH DEFINED 16,089