FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 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: 326
Form 13F Information Table Value Total: 2,378,483 (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 6,156 4,2 674595 SH DEFINED 674595
ADELPHIA COMMUNICATIONS CL A 006848105 10,325 4,2 200000 SH DEFINED 200000
ADVANCED ENERGY INDUSTRIES COM 007973100 1,363 3,2 60570 SH DEFINED 60570
ADVANTICA RESTAURANT GRP COM 00758B109 2,016 4,2 3225087 SH DEFINED 3225087
AFFIL COMPUTER SB NT CV 008190AD2 7,145 3,2 4720000 PRN DEFINED
AFFILIATED COMPUTER SVCS CL A 008190100 5,249 3,2 86500 SH DEFINED 86500
AGCO CORP COM 001084102 2,152 4,2 177500 SH DEFINED 177500
AGILENT TECHNOLOGIES INC COM 00846U101 1,095 3,2 20000 SH DEFINED 20000
AGNICO-EAGLE MINES LTD COM 008474108 1,440 4,2 240000 SH DEFINED 240000
ALCOA INC COM 013817101 7,571 3,2 226000 SH DEFINED 226000
ALLERGAN INC COM 018490102 3,282 3,4,2 33900 SH DEFINED 33900
ALLERGAN INC LYONZR 018490AB8 6,210 3,4,2 9000000 PRN DEFINED
ALLIN COMMUNICATIONS CORP COM 019924109 425 4,2 340000 SH DEFINED 340000
ALLTEL CORP COM 020039103 6,297 4,2,1 100852 SH DEFINED 100852
AMBAC FINANCIAL GROUP INC COM 023139108 5,248 4,2 90000 SH DEFINED 90000
AMERADA HESS COM 023551104 9,133 4,2 125000 SH DEFINED 125000
AMERICA ONLINE INC COM 02364J104 2,192 3,2 63000 SH DEFINED 63000
AMERICA WEST HOLDINGS CL B 023657208 273 3,2 21278 SH DEFINED 21278
AMERICAN BUSINESS FINL SVCS COM 02476B106 146 4,2 25042 SH DEFINED 25042
AMERICAN CAPITAL STRATEGIES COM 024937104 4,093 4,2 162500 SH DEFINED 162500
AMERICAN EXPRESS COM 025816109 4,670 3,2 85000 SH DEFINED 85000
AMERICAN INTL GROUP INC COM 026874107 1,349 4,2 13690 SH DEFINED 13690
AMERICAN TOWER NT CV 029912AE2 880 3,2 960000 PRN DEFINED
AMERICAN TOWER NT CONV 029912AF9 1,320 3,2 1440000 PRN DEFINED
AMR CORP COM 001765106 3,135 4,2 80000 SH DEFINED 80000
ANADARKO PETROLEUM CORP COM 032511107 8,334 4,2 117250 SH DEFINED 117250
ANHEUSER BUSCH CO COM 035229103 1,597 4,2 35100 SH DEFINED 35100
ANTEC CORP COM 03664P105 316 2 40000 SH DEFINED 40000
ANTEC CORP SB NT CV 03664PAA3 1,187 4,2 2250000 PRN DEFINED
AON CORP COM 037389103 17,639 4,2 515000 SH DEFINED 515000
APPLIED MATERIALS INC. COM 038222105 3,628 3,2 95000 SH DEFINED 95000
ARCHER DANIELS COM 039483102 11,688 4,2 779231 SH DEFINED 779231
ARGUSS COMMUNICATIONS INC COM 040282105 5,185 4,2 568212 SH DEFINED 568212
AT & T CORPORATION COM 001957109 11,153 4,2,1 646565 SH DEFINED 646565
AT HOME CORP SB DB CV 045919AC1 2,118 4,2 7000000 PRN DEFINED
AT HOME CORP SUB NT CV 045919AF4 10,378 3,4,2 20500000 PRN DEFINED
AT HOME CORP COM SERA 045919107 1,659 4,2 300000 SH DEFINED 300000
BANK ONE CORP COM 06423A103 458 4,2 12500 SH DEFINED 12500
BAYCORP HOLDINGS LTD COM 072728108 2,560 3,2 386442 SH DEFINED 386442
BEAR STEARNS COMPANIES INC COM 073902108 3,548 4,2 70000 SH DEFINED 70000
BELO CORPORATION COM SERA 080555105 3,200 4,2 200000 SH DEFINED 200000
BEVERLY ENTERPRISES INC COM NEW 087851309 6,221 4,2 759900 SH DEFINED 759900
BOEING COMPANY COM 097023105 6,600 4,2 100000 SH DEFINED 100000
BOWATER INC COM 102183100 2,920 4,2 51800 SH DEFINED 51800
BRIGGS & STRATTON CORP COM 109043109 257 4,2 5800 SH DEFINED 5800
BUCKHEAD AMERICA CORP COM 11835A105 78 4,2 21579 SH DEFINED 21579
BURLINGTON NORTHERN SANTA FE COM 12189T104 2,010 4,2 71000 SH DEFINED 71000
BURLINGTON RESOURCES INC COM 122014103 10,605 4,2 210000 SH DEFINED 210000
CABOT OIL & GAS CORP CL A 127097103 1,095 4,2 35100 SH DEFINED 35100
CALPINE CORPORATION COM 131347106 5,855 3,4,2 126800 SH DEFINED 126800
CANADIAN NATL RAILWAY CO COM 136375102 7 3,2 224 SH DEFINED 224
CAPITAL ONE FINANCIAL CORP COM 14040H105 3,291 4,2 50000 SH DEFINED 50000
CARDINAL HEALTH INC. COM 14149Y108 5,940 3,2 59625 SH DEFINED 59625
CATELLUS DEVELOPMENT CORP COM 149111106 1,885 4,2 107724 SH DEFINED 107724
CELESTICA INC SUB VTGSHS 15101Q108 24,413 3,4,2 450000 SH DEFINED 450000
CELESTICA INC LYONZR 15101QAA6 57,638 3,4,2 134380000 PRN DEFINED
CENTRAL VERMONT PUB SERV COM 155771108 991 4,2 81300 SH DEFINED 81300
CH ENERGY GROUP INC. COM 12541M102 1,137 4,2 25400 SH DEFINED 25400
CISCO SYSTEMS INC COM 17275R102 5,738 3,2 150000 SH DEFINED 150000
CITIGROUP INC COM 172967101 5,515 3,2 108000 SH DEFINED 108000
CLEAR CHANNEL COMM COM 184502102 6,828 3,4,2 140000 SH DEFINED 140000
CLOROX CO COM 189054109 2,840 4,2 80000 SH DEFINED 80000
CNA INCOME SHARES INC COM 126119106 937 4,2 137472.81 SH DEFINED 137472.81
CNA SURETY CORPORATION COM 12612L108 390,808 4,2,1 27425147 SH DEFINED 27425147
COLT TELECOM GROUP ADR 196877104 263 4,2 3000 SH DEFINED 3000
COMCAST CORP CL A SPL 200300200 5,010 3,2 120000 SH DEFINED 120000
COMMUNICATION INTELLIGENCE COM 20338K106 680 2 660000 SH DEFINED 660000
CONECTIV COM 206829103 766 4,2 38200 SH DEFINED 38200
CONOCO INC CL A 208251306 4,008 4,2 140000 SH DEFINED 140000
CONSOLIDATED FREIGHTWAYS COM 209232107 670 4,2 159900 SH DEFINED 159900
CONSTELLATION ENERGY GRP COM 210371100 6,462 4,2 143400 SH DEFINED 143400
CONVERGYS CORP COM 212485106 453 2 10000 SH DEFINED 10000
CORN PRODUCTS INTL INC COM 219023108 3,764 4,2 129500 SH DEFINED 129500
CORNING INC. COM 219350105 6,824 3,4,2 124600 SH DEFINED 124600
CYANOTECH CORP COM 232437202 473 2,1 605155 SH DEFINED 605155
CYPRESS SEMICON SUB NT CV 232806AE9 3,172 3,2 4100000 PRN DEFINED
CYPRESS SEMICONDUCTOR COM 232806109 1,309 3,2 66500 SH DEFINED 66500
D.R. HORTON INC COM 23331A109 3,543 4,2 145000 SH DEFINED 145000
DEAN FOODS CO COM 242361103 1,169 4,2 38100 SH DEFINED 38100
DEERE & CO COM 244199105 3,207 4,2 70000 SH DEFINED 70000
DEL MONTE FOODS CO COM 24522P103 1,772 4,2 244400 SH DEFINED 244400
DELPHI AUTOMOTIVE SYSTEMS COM 247126105 1,431 4,2 127200 SH DEFINED 127200
DELPHI FINANCIAL GROUP CL A 247131105 4,235 4,2 110000 SH DEFINED 110000
DELTA AIR INC COM 247361108 4,050 4,2 80700 SH DEFINED 80700
DOLLAR THRIFTY AUTOMOTIVE COM 256743105 2,156 2 115000 SH DEFINED 115000
DOW CHEMICAL CORP COM 260543103 4,029 4,2 110000 SH DEFINED 110000
DU PONT DE NEMOURS E.I. COM 263534109 1,449 4,2 30000 SH DEFINED 30000
EAST-WEST BANCORP INC. COM 27579R104 31,922 4,2 1280100 SH DEFINED 1280100
ECHOSTAR COMM SUB NT CV 278762AB5 975 3,2 1300000 PRN DEFINED
ECHOSTAR COMMUNICATIONS CL A 278762109 501 3,2 22030 SH DEFINED 22030
EDISON INTERNATIONAL COM 281020107 531 4,2 34000 SH DEFINED 34000
EMC CORPORATION COM 268648102 4,416 3,2 66400 SH DEFINED 66400
EMERSON ELECTRIC COMPANY COM 291011104 3,862 3,2 49000 SH DEFINED 49000
ENCOMPASS SERVICES CORP COM 29255U104 346 4,2 68397 SH DEFINED 68397
ENERGY EAST CORPORATION COM 29266M109 2,370 4,2 120400 SH DEFINED 120400
ENGEL GENERAL DEVELOPERS ORD M40515104 465 4,2 120000 SH DEFINED 120000
ENRON CORP COM 293561106 9,975 3,2 120000 SH DEFINED 120000
EQUANT NV NY REG SHS 294409107 1,433 3,2 55000 SH DEFINED 55000
ERICSSON (LM) TEL ADR CL B 294821400 168 2 15000 SH DEFINED 15000
ESTEE LAUDER COMPANIES CL A 518439104 44 4,2 1000 SH DEFINED 1000
EXCITE@HOME SB NT CV 045919AD9 10,378 3,4,2 20500000 PRN DEFINED
EXIGENT INTERNATIONAL INC COM 302056106 0 3,2 125 SH DEFINED 125
EXODUS COMMUNICATIONS INC COM 302088109 40 4,2 2000 SH DEFINED 2000
FEDERAL HM LOAN MORTGAGE CORP COM 313400301 3,168 3,2 46000 SH DEFINED 46000
FEDERATED DEPART STORES INC COM 31410H101 914 4,2 26100 SH DEFINED 26100
FIRST DATA CORP COM 319963104 3,952 3,2 75000 SH DEFINED 75000
FIRST UNION CORP COM 337358105 2,781 4,2 100000 SH DEFINED 100000
FORD MOTOR COMPANY COM 345370860 7,302 4,2 311564 SH DEFINED 311564
FOX ENTERTAINMENT GRP INC CL A 35138T107 894 4,2 50000 SH DEFINED 50000
FPL GROUP COM 302571104 3,946 4,2 55000 SH DEFINED 55000
FRIEDMAN BILLINGS RAMSEY CL A 358433100 335 4,2 51000 SH DEFINED 51000
GEN SEMICONDUCTR SUB NT CV 370787AB9 643 3,2 1000000 PRN DEFINED
GENENTECH INC COM NEW 368710406 2,364 3,2 29000 SH DEFINED 29000
GENERAL COMMUNICATION CL A 369385109 55 3,2 7913 SH DEFINED 7913
GENERAL ELECTRIC CO COM 369604103 6,184 3,2 129000 SH DEFINED 129000
GENERAL MOTORS CORP COM 370442105 3,951 4,2 77563 SH DEFINED 77563
GENERAL MOTORS CORP CL H 370442832 5,957 3,4,2 259000 SH DEFINED 259000
GENERAL SEMICONDUCTOR INC COM 370787103 268 3,2 42900 SH DEFINED 42900
GENZYME CORP - GENL DIVISION COM 372917104 5,594 3,2 62200 SH DEFINED 62200
GENZYME SURGICAL PRODUCTS COM 372917609 78 3,2 11150 SH DEFINED 11150
GENZYME-MOLECULAR ONCOLOGY COM 372917500 62 3,2 6700 SH DEFINED 6700
GEORGIA-PACIFIC CORPORATION COM 373298108 3,797 4,2 122000 SH DEFINED 122000
GILLETTE CO. COM 375766102 2,673 3,2 74000 SH DEFINED 74000
GLAMIS GOLD LTD SV COM 376775102 1,127 4,2 721240 SH DEFINED 721240
GLOBAL CROSSING LTD COM G3921A100 276,835 4,2 19342157 SH DEFINED 19342157
GOLD STANDARD INC COM 380724302 78 4,2 82812.5 SH DEFINED 82812.5
GRAPHIC PACKAGING INTL COM 388690109 0 2,1 2 SH DEFINED 2
GULF CANADA RES LTD ORD 40218L305 3,905 4,2 771400 SH DEFINED 771400
HAIN CELESTIAL GROUP INC COM 405217100 1,463 3,2 45000 SH DEFINED 45000
HAYES LEMMERZ INTL INC COM COM 420781106 1,902 2 284500 SH DEFINED 284500
HEALTH CARE PPTYS INVEST INC COM 421915109 1,912 4,2 64000 SH DEFINED 64000
HEALTHCARE REALTY TRUST INC COM 421946104 4,698 4,2 221100 SH DEFINED 221100
HEALTHSOUTH CORP SB DB CV 421924AF8 4,413 4,2 5000000 PRN DEFINED
HEALTHSOUTH CORP. COM 421924101 8,164 4,2 500500 SH DEFINED 500500
HEARST-ARGYLE TELEVISION INC COM 422317107 4,903 4,2 239900 SH DEFINED 239900
HERCULES INC COM 427056106 1,525 4,2 80000 SH DEFINED 80000
HILTON HOTELS CORP COM 432848109 6,353 4,2 605000 SH DEFINED 605000
HOME DEPOT COM 437076102 457 2 10000 SH DEFINED 10000
HOMESTAKE MINING CO COM 437614100 1,256 4,2 300000 SH DEFINED 300000
HORIZON GROUP PROPERTIES COM 44041U102 2 4,2 630 SH DEFINED 630
HOUSEHOLD INTL INC COM 441815107 15,840 4,2 288000 SH DEFINED 288000
IKON MBIA INC. COM 55262C100 2,965 4,2 40000 SH DEFINED 40000
IMC GLOBAL INC COM 449669100 1,038 4,2 66700 SH DEFINED 66700
INGERSOLL RAND CO COM 456866102 5,528 4,2 132000 SH DEFINED 132000
INSWEB CORPORATION COM 45809K103 1,198 4,2 1368967 SH DEFINED 1368967
INTEL CORP COM 458140100 2,093 3,2 69200 SH DEFINED 69200
INTL BUSINESS MACHINE COM 459200101 19,414 3,4,2 228400 SH DEFINED 228400
INTERNATIONAL PAPER CO. COM 460146103 4,081 4,2 100000 SH DEFINED 100000
INTERSTATE BAKERIES COM 46072H108 2,801 4,2 199200 SH DEFINED 199200
INTL RECTIFIER SUB NT CV 460254AD7 3,112 3,2 4680000 PRN DEFINED
INTL RECTIFIER CORP COM 460254105 1,338 3,2 44600 SH DEFINED 44600
IVAX CORP COM 465823102 3,658 3,2 95500 SH DEFINED 95500
IVAX CORP SR SUB CV 465823AB8 5,380 3,2 4300000 PRN DEFINED
JOHNSON & JOHNSON COM 478160104 4,012 3,2 38184 SH DEFINED 38184
JPS INDUSTRIES INC COM 46624E405 1,991 4,2 419243 SH DEFINED 419243
KEYSPAN CORPORATION COM 49337W100 2,754 4,2 65000 SH DEFINED 65000
KINROSS GOLD CORP COM 496902107 1,135 4,2 2100000 SH DEFINED 2100000
KOHLS CORP COM 500255104 6,820 3,4,2 111800 SH DEFINED 111800
KROGER COMPANY COM 501044101 12,968 3,4,2 479200 SH DEFINED 479200
KULICKE & SOFFA INDUSTRIES SUB NT CV 501242AE1 2,510 3,2 3450000 PRN DEFINED
KULICKE & SOFFA INDUSTRIES COM 501242101 696 3,2 61900 SH DEFINED 61900
L-3 COMM HLDGS SR SB CV 502424AA2 4,442 3,2 4000000 PRN DEFINED
L-3 COMMUNICATIONS CORP COM 502424104 2,526 3,2 32800 SH DEFINED 32800
LAM RESEARCH CORP COM 512807108 1,289 3,2 88900 SH DEFINED 88900
LAMAR ADVERTISIN NT CV 512815AF8 2,520 3,2 2450000 PRN DEFINED
LAMAR ADVERTISING CO CL A 512815101 1,567 3,2 40600 SH DEFINED 40600
LATTICE SEMICOND SUB NT CV 518415AC8 2,824 3,2 2600000 PRN DEFINED
LIBERTY MEDIA COM 001957208 7,297 3,2 538048 SH DEFINED 538048
LIBERTY PROPERTY TRUST SH BEN INT 531172104 19,642 4,2 687700 SH DEFINED 687700
LIGHTSPAN INC COM 53226T103 11 3,2 7500 SH DEFINED 7500
LILLY (ELI) & CO. COM 532457108 3,518 3,2 37800 SH DEFINED 37800
LOCKHEED MARTIN CORP COM 539830109 4,753 4,2 140000 SH DEFINED 140000
LORAL SPACE & COMM COM G56462107 892 4,2 279900 SH DEFINED 279900
LSI CORP COM 502161102 2,594 3,2 151800 SH DEFINED 151800
LSI LOGIC SB NT CV 502161AD4 3,508 3,2 2800000 PRN DEFINED
LUBRIZOL CORP COM 549271104 3,154 4,2 122500 SH DEFINED 122500
LUCENT TECHNOLOGIES COM 549463107 2,093 4,2 155000 SH DEFINED 155000
MASTEC INC COM 576323109 200 2 10000 SH DEFINED 10000
MAY DEPARTMENT STORES CO COM 577778103 1,310 4,2 40000 SH DEFINED 40000
MCCORMICK & CO COM NON VTG 579780206 1,406 4,2 39000 SH DEFINED 39000
MCLEODUSA INC-CL A CL A 582266102 283 2 20000 SH DEFINED 20000
MEDICALOGIC/MEDSCAPE INC COM 584642102 4,416 4,2 1910000 SH DEFINED 1910000
MEDTRONIC INC COM 585055106 6,641 3,2 110000 SH DEFINED 110000
MELLON FINANCIAL CORP COM 58551A108 4,329 3,2 88000 SH DEFINED 88000
MERCATOR SOFTWARE INC COM 587587106 403 4,2 75000 SH DEFINED 75000
MERCURY INTERACT SB NT CV 589405AA7 4,347 3,2 4150000 PRN DEFINED
MERCURY INTERACT SB NT CV 589405AB5 524 3,2 500000 PRN DEFINED
MERCURY INTERACTIVE CORP COM 589405109 3,276 3,2 36300 SH DEFINED 36300
MICRON TECHNOLOGY INC COM 595112103 355 3,2 10000 SH DEFINED 10000
MICROSOFT CORP COM 594918104 2,088 3,2 48000 SH DEFINED 48000
MITCHELL ENERGY & DEV CL A 606592202 1,225 4,2 20000 SH DEFINED 20000
MOLEX - CLASS A NON-VOTING CL A 608554200 2,213 3,2 86993 SH DEFINED 86993
MOTOROLA INC COM 620076109 2,572 3,2 127000 SH DEFINED 127000
MSDW ASIA PACIFIC FUND COM 61744U106 2,662 4,2 306400 SH DEFINED 306400
MSDW INDIA INVESTMENT FUND COM 61745C105 996 4,2 90000 SH DEFINED 90000
MUNIYIELD QUALITY FUND COM 626302103 1,819 4,2 141900 SH DEFINED 141900
NATIONWIDE HEALTH PPTYS INC COM 638620104 794 4,2 61700 SH DEFINED 61700
NEIMAN MARCUS GROUP CL B 640204301 3,273 4,2 98800 SH DEFINED 98800
NETOPIA INC COM 64114K104 69 2,1 15957 SH DEFINED 15957
NEWHALL LAND & FARMING CO DEP REC 651426108 1,628 4,2 70000 SH DEFINED 70000
NEWMONT MINING CORP COM 651639106 1,280 4,2 75000 SH DEFINED 75000
NEWS CORP LTD ADR 652487703 4,876 4,2 151200 SH DEFINED 151200
NEWS CORP LTD ADR PFD 652487802 15,403 4,2 530000 SH DEFINED 530000
NEXTEL COMMNS, INC CL A 65332V103 493 3,2 19925 SH DEFINED 19925
NIAGARA MOHAWK HOLDINGS COM 653520106 4,450 4,2 266700 SH DEFINED 266700
NOKIA CORP ADR 654902204 2,393 3,2 55000 SH DEFINED 55000
NORFOLK SOUTHERN CORP. COM 655844108 6,922 4,2 520000 SH DEFINED 520000
NORTH FORK BANCORPORATION COM 659424105 4,845 4,2 197250 SH DEFINED 197250
NORTHROP GRUMMAN CORP COM 666807102 2,490 4,2 30000 SH DEFINED 30000
OGE ENERGY CORP COM 670837103 1,938 4,2 79300 SH DEFINED 79300
ON COMMAND CORPORATION COM 682160106 3,084 4,2 352480 SH DEFINED 352480
ON COMMAND CORPORATION WT B 682160122 154 4,2 123130 SH CALL DEFINED
OVERSEAS SHIPHOLDING GROUP COM 690368105 2,897 4,2 126300 SH DEFINED 126300
OWENS-ILL INC PFD CONV 690768502 267 4,2 20500 SH DEFINED 20500
P G & E CORPORATION COM 69331C108 600 4,2 30000 SH DEFINED 30000
PACTIV CORPORATION COM 695257105 1,052 4,2 85000 SH DEFINED 85000
PALL CORP COM 696429307 1,598 4,2 75000 SH DEFINED 75000
PATHMARK STORES INC COM 70322A101 17,604 4,2 1066932 SH DEFINED 1066932
PENNEY (J.C.) CO. INC. COM 708160106 1,958 4,2 180000 SH DEFINED 180000
PEPSI BOTTLING GROUP INC COM 713409100 5,176 4,2 130000 SH DEFINED 130000
PEPSICO INCORPORATED COM 713448108 4,064 3,2 82000 SH DEFINED 82000
PFIZER INC COM 717081103 6,118 3,2 133000 SH DEFINED 133000
PHARMACIA CORPORATION COM 71713U102 4,880 3,2 80000 SH DEFINED 80000
PILGRIMS PRIDE CORP-CL B CL B 721467108 560 4,2 71700 SH DEFINED 71700
PITNEY-BOWES INC COM 724479100 1,656 2 50000 SH DEFINED 50000
PLACER DOME INC COM 725906101 6,067 4,2 630352 SH DEFINED 630352
PLC CAP TRUST II INC PRIDES 743674202 3,713 3,4,2 72100 SH DEFINED 72100
POTASH CORP OF SASKATCHEWAN COM 73755L107 4,534 4,2 57900 SH DEFINED 57900
POTOMAC ELECTRIC POWER COM 737679100 5,575 4,2 225600 SH DEFINED 225600
PRAXAIR INC COM 74005P104 2,574 4,2 58000 SH DEFINED 58000
PRIME HOSPITALITY CORP COM 741917108 946 4,2 81375 SH DEFINED 81375
PRIME RETAIL INC COM 741570105 6 4,2 12600 SH DEFINED 12600
PROTECTIVE LIFE CORP COM 743674103 3,135 3,4,2 97200 SH DEFINED 97200
QUALCOMM INC COM 747525103 1,233 3,2 15000 SH DEFINED 15000
QUANTA SERVICES SUB NT CONV 74762EAA0 3,929 3,2 4680000 PRN DEFINED
QUANTA SERVICES INC COM 74762E102 2,102 3,2 65300 SH DEFINED 65300
QWEST COMMUNICATIONS INTL COM 749121109 429 2,1 10506 SH DEFINED 10506
RADIO ONE INC CL A 75040P108 90 2,1 8391 SH DEFINED 8391
RADIO ONE INC CL D NON VT 75040P405 185 2,1 16782 SH DEFINED 16782
RADIO UNICA COMMUNICATIONS COM 75040Q106 19 4,2 5000 SH DEFINED 5000
RADISYS CORP COM 750459109 1,273 3,2 49200 SH DEFINED 49200
RADISYS CORP SUB NT CV 750459AA7 1,812 3,2 2730000 PRN DEFINED
RATIONAL SOFTWAR SUB NT CV 75409PAA1 4,613 3,2 3600000 PRN DEFINED
RATIONAL SOFTWARE CORP COM 75409P202 3,726 3,2 95700 SH DEFINED 95700
RAYTHEON CO. COM CL B 755111408 3,650 4,2 117500 SH DEFINED 117500
REPUBLIC SERVICES INC COM 760759100 584 4,2 34000 SH DEFINED 34000
RGS ENERGY GROUP INC COM 74956K104 2,430 4,2 74900 SH DEFINED 74900
RHYTHMS NETCONNECTIONS COM 762430205 6 4,2 5000 SH DEFINED 5000
ROCKWELL INTL CORP COM 773903109 5,077 4,2 106600 SH DEFINED 106600
ROLLINS TRUCK LEASING CORP COM 775741101 346 2 43200 SH DEFINED 43200
SAFEWAY INC COM 786514208 5,000 3,2 80000 SH DEFINED 80000
SCANA CORP COM 80589M102 16,280 4,2 550700 SH DEFINED 550700
SCHERING PLOUGH COM 806605101 6,243 3,2 110000 SH DEFINED 110000
SCHLUMBERGER LIMITED COM 806857108 4,365 3,2 54600 SH DEFINED 54600
SCHULMAN (A.) INC COM 808194104 534 4,2 46400 SH DEFINED 46400
SCI SYSTEMS INC SUB NT CONV 783890AF3 3,284 3,2 4150000 PRN DEFINED
SCI SYSTEMS INC. COM 783890106 1,396 3,2 52940 SH DEFINED 52940
SEARS ROEBUCK & COMPANY COM 812387108 4,879 4,2 140400 SH DEFINED 140400
SEMTECH CORP COM 816850101 1,077 3,2 48800 SH DEFINED 48800
SEMTECH CORP SUB NT CV 816850AD3 1,791 3,2 2400000 PRN DEFINED
SHERWIN WILLIAMS CO COM 824348106 2,434 4,2 92500 SH DEFINED 92500
SHOPKO STORES INC COM 824911101 585 4,2 116900 SH DEFINED 116900
SIEBEL SYSTEMS INC COM 826170102 1,016 3,2 15000 SH DEFINED 15000
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