FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 2002
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:
October 28,2002
Chicago, Illinois,
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934
Loews Corporation also has investment discretion over the securities reported
on herein by CNA Financial Corportion, Continental Assurance Company,
Continental Casualty Company,and The Continental Corporation.
Loews Corporation will report separately on securities over
which it has investment discretion which are not part of such holdings.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 4
Form 13F Information Table Entry Total: 311
Form 13F Information Table Value 1,391,497.7(in thousands)
List of Other Included Managers:
No. 13F File Number Name
1 28-386 Continental Assurance Company
2 28-387 Continental Casualty Company
3 28-346 CNA Financial Corporation
4 28-172 The Continental Corporation
FORM 13F INFORMATION TABLE
CLASS VALUE OTHER INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE CUSIP (X1000) MGRS AMOUNT TYPE DSCRETN SOLE
ACCENTURE LTD CL A G1150G111 2491 2,3 131100 SH Defined 131100
ACME COMMUNICATIONS INC COM 004631107 486 2,3 66071 SH Defined 66071
ACUITY BRANDS INC COM 00508Y102 490 1,3 26950 SH Defined 26950
ACXIOM CORP COM 005125109 979 1,3 56000 SH Defined 56000
AETNA INC COM 00817Y108 1385 1,3 28875 SH Defined 28875
AFFIL COMPUTER SUBNTCV 008190AF7 3058 1,3 2400000 PRN Defined 55256
AFFILIATED COMPUTER SVCS CL A 008190100 2013 1,3 42400 SH Defined 42400
AGCO CORP COM 001084102 139 1,3 7125 SH Defined 7125
AGERE SYSTEMS INC-A CL A 00845V100 910 2,3 649900 SH Defined 649900
AGILENT TECHNOLOGIES INC COM 00846U101 4236 1,2,3 179100 SH Defined 179100
ALCOA INC COM 013817101 4906 1,2,3 148000 SH Defined 148000
ALLSTATE CORPORATION COM 020002101 762 1,3 20600 SH Defined 20600
ALLTEL CORP COM 020039103 8836 1,2,3 188000 SH Defined 188000
AMBAC FINANCIAL GROUP INC COM 023139108 7392 1,2,3 110000 SH Defined 110000
AMER INTL GROUP DBCV 026874AP2 1225 2,3 2000000 PRN Defined 12125
AMERADA HESS COM 023551104 9075 1,2,3 110000 SH Defined 110000
AMERICA ONLINE NOTE 02364JAC8 6350 2,3 12450000 PRN Defined 72631
AMERICAN EXPRESS COM 025816109 2361 1,3 65000 SH Defined 65000
AMERICAN INTL GROUP INC COM 026874107 2900 1,3 42500 SH Defined 42500
AMERICAN NATIONAL INSURANCE COM 028591105 482 1,3 5000 SH Defined 5000
AMERICAN PHYSICIANS CAP INC COM 028884104 521 1,3 28200 SH Defined 28200
AMERISOURCEBERGEN CORP COM 03073E105 3124 1,3 41110 SH Defined 41110
AMGEN INC COM 031162100 5645 1,2,3 134800 SH Defined 134800
ANADARKO PETROLEUM CORP COM 032511107 5780 2,3 117250 SH Defined 117250
ANIXTER INTERNATIONAL INC COM 035290105 328 1,3 13975 SH Defined 13975
ANNUITY AND LIFE RE HOLDINGS ORD G03910109 218 1,3 12050 SH Defined 12050
ANTEC CORP NOTE 03664PAB1 2019 2,3 2250000 PRN Defined 93750
AON CORP COM 037389103 11645 1,2,3 395000 SH Defined 395000
APACHE CORP COM 037411105 2328 1,3 40500 SH Defined 40500
APPLIED MATERIALS INC. COM 038222105 2625 1,3 138000 SH Defined 138000
ARDEN REALTY GROUP INC COM 039793104 1007 2,3 35400 SH Defined 35400
ARRIS GROUP COM 04269Q100 176 2,3 40000 SH Defined 40000
ARTESYN TECHNOLOGIES INC COM 043127109 392 1,3 60525 SH Defined 60525
ARVINMERITOR INC COM 043353101 350 1,3 14575 SH Defined 14575
AT & T CORPORATION COM 001957109 4315 2,3 403300 SH Defined 403300
AT&T WIRELESS SERVICES INC COM 00209A106 550 2,3 93993 SH Defined 93993
ATLAS AIR WORLDWIDE HLDGS COM 049164106 181 2,3,4 49000 SH Defined 49000
AVAYA INC COM 053499109 509 1,2,3 102900 SH Defined 102900
AVAYA INC LYONZR 053499AA7 1622 1,2,3 4500000 PRN Defined 168497
BARNES & NOBLE INC COM 067774109 1493 1,3 56480 SH Defined 56480
BARRICK GOLD CORP COM 067901108 1875 2,3 150000 SH Defined 150000
BECTON DICKINSON & CO COM 075887109 2308 2,3 67000 SH Defined 67000
BEDFORD PROPERTY INVESTORS COMPR 076446301 154 2,3 5700 SH Defined 5700
BELLSOUTH CORP COM 079860102 2520 2,3 80000 SH Defined 80000
BISYS GROUP SBCV 055472AB0 3119 1,3 2650000 PRN Defined 79356
BISYS GROUP INC/THE COM 055472104 1692 1,3 50800 SH Defined 50800
BJ SERVICES CO COM 055482103 1525 1,2,3 45000 SH Defined 45000
BKF CAPITAL GROUP INC COM 05548G102 189 1,3 6625 SH Defined 6625
BOEING COMPANY COM 097023105 1207 1,3 26825 SH Defined 26825
BORG WARNER AUTOMOTIVE INC COM 099724106 458 1,3 7925 SH Defined 7925
BOSTON PROPERTIES INC COM 101121101 1199 2,3 30000 SH Defined 30000
BOWNE & CO INC COM 103043105 458 1,3 31050 SH Defined 31050
BRANDYWINE REALTY TRUST SHINTNW 105368203 510 2,3 19700 SH Defined 19700
BRISTOL-MYERS SQUIBB CO COM 110122108 4518 2,3 175800 SH Defined 175800
BURLINGTON RESOURCES INC COM 122014103 2117 2,3 55700 SH Defined 55700
BURR-BROWN CORP NOTE 122574AF3 1012 2,3 1000000 PRN Defined 22497
CABLEVISION SYSTEMS CLANYCBL 12686C109 1674 1,2,3 177000 SH Defined 177000
CARDINAL HEALTH INC. COM 14149Y108 3957 1,3 64437 SH Defined 64437
CARNIVAL CORP COM 143658102 9171 1,2,3 331200 SH Defined 331200
CATELLUS DEVELOPMENT CORP COM 149111106 2200 2,3 107724 SH Defined 107724
CELESTICA INC SUBVTGSH 15101Q108 2251 1,2,3 99100 SH Defined 99100
CELESTICA INC LYONZR 15101QAA6 10279 1,2,3 24380000 PRN Defined 138352
CENDANT CORP DEBT 151313AF0 9382 1,2,3 14005000 PRN Defined 467767
CENDANT CORPORATION COM 151313103 4218 1,2,3 265600 SH Defined 265600
CENTEX CORP COM 152312104 751 1,3 13000 SH Defined 13000
CEPHALON INC COM 156708109 1311 1,3 29000 SH Defined 29000
CHARLES RIVER DBCV 159863AL3 1611 1,3 1450000 PRN Defined 37304
CHARLES RIVER LABORATORIES COM 159864107 950 1,3 27100 SH Defined 27100
CHARTER COMM INC SUBCV 16117MAB3 2995 2,3 5600000 PRN Defined 259740
CHARTER COMMUNICATIONS CLA 16117M107 1979 1,2,3 485000 SH Defined 485000
CHIRON CORP COM 170040109 3146 1,2,3 89000 SH Defined 89000
CHIRON CORP LYONZR 170040AE9 29898 1,2,3 54500000 PRN Defined 390291
CISCO SYSTEMS INC COM 17275R102 3418 1,3 245000 SH Defined 245000
CITIGROUP INC COM 172967101 7479 1,2,3 193000 SH Defined 193000
CLEAR CHANNEL NOTE 184502AB8 2855 2,3 3000000 PRN Defined 48426
CLEAR CHANNEL NOTE 184502AE2 6240 2,3 6500000 PRN Defined 61425
CLEAR CHANNEL COM 184502102 1761 1,2,3 55000 SH Defined 55000
CLEVELAND-CLIFFS INC COM 185896107 467 1,3 16925 SH Defined 16925
CNA SURETY CORPORATION COM 12612L108 399036 2,3,4 27425147 SH Defined 27425147
CNF INC COM 12612W104 1868 1,3 49175 SH Defined 49175
COCA COLA CO COM 191216100 1960 1,3 35000 SH Defined 35000
COLT TELECOM GROUP SPNSADR 196877104 15 2,3 5760 SH Defined 5760
COMCAST CORP CL A SPL CLASPL 200300200 2146 1,3 90000 SH Defined 90000
COMMSCOPE INC COM 203372107 238 1,3 19000 SH Defined 19000
COMPUTER ASSOCIATES INTL INC COM 204912109 1280 1,3 80575 SH Defined 80575
CONOCO INC COM 208251504 1877 2,3 67500 SH Defined 67500
CORRECTIONS CORP PFDCVB12 22025Y308 0 2,3 2 SH Defined 2
CSX CORP. COM 126408103 2909 2,3 83000 SH Defined 83000
CYTEC INDUSTRIES INC COM 232820100 1428 1,3 45425 SH Defined 45425
DARDEN RESTAURANTS INC COM 237194105 296 1,3 12000 SH Defined 12000
DEL MONTE FOODS CO COM 24522P103 429 1,3 36375 SH Defined 36375
DELL COMPUTER CORP COM 247025109 2091 1,3 80000 SH Defined 80000
DELPHI FINANCIAL GROUP CL A 247131105 5531 1,2,3 127600 SH Defined 127600
DILLARDS INC-CL A CL A 254067101 406 1,3 15450 SH Defined 15450
DOMINION RESOURCES INC COM 25746U109 1655 1,2,3 25000 SH Defined 25000
DR HORTON INC COM 23331A109 14837 1,2,3 570000 SH Defined 570000
DTE ENERGY COMPANY COM 233331107 893 2,3 20000 SH Defined 20000
DU PONT DE NEMOURS E.I. COM 263534109 888 2,3 20000 SH Defined 20000
DYCOM INDUSTRIES INC COM 267475101 2641 2,3 225934 SH Defined 225934
DYNEGY INC-CL A CL A 26816Q101 50 1,3 6975 SH Defined 6975
EATON VANCE CORP COMNOVTG 278265103 771 1,2,3 24700 SH Defined 24700
ECHOSTAR COMM SBCV 278762AD1 454 1,3 590000 PRN Defined 12984
ECHOSTAR COMMUNICATIONS CL A 278762109 180 1,3 9685 SH Defined 9685
EDO CORP COM 281347104 333 1,3 11700 SH Defined 11700
EL PASO CORP COM 28336L109 3011 2,3 146100 SH Defined 146100
ELDERTRUST COMSHINT 284560109 1645 2,3 208200 SH Defined 208200
ELEC DATA SYSTEM SRCVZRO 285661AB0 15637 1,2,3 21000000 PRN Defined 204317
ELECTRONIC DATA SYSTEMS CORP COM 285661104 1356 1,2,3 36500 SH Defined 36500
ENCANA CORP COM 292505104 1397 2,3 45669 SH Defined 45669
ENTERASYS NETWORKS INC COM 293637104 367 1,3 206150 SH Defined 206150
ESTERLINE TECHNOLOGIES CORP COM 297425100 586 1,3 25825 SH Defined 25825
FIFTH THIRD BANCORP COM 316773100 333 1,3 5000 SH Defined 5000
FIRST CITIZENS BCSHS -CL A CL A 31946M103 55 1,3 500 SH Defined 500
FIRST DATA CORP COM 319963104 4464 1,3 120000 SH Defined 120000
FLEET BOSTON FINANCIAL CORP COM 339030108 1456 2,3 45000 SH Defined 45000
FLEMING COS INC COM 339130106 1131 1,3 62300 SH Defined 62300
FMC CORP (NEW) COM 302491303 1325 1,3 43925 SH Defined 43925
FMC TECHNOLOGIES INC COM 30249U101 209 1,3 10050 SH Defined 10050
FOOT LOCKER INC COM 344849104 1714 1,3 118600 SH Defined 118600
FOOTSTAR INC COM 344912100 217 1,3 8850 SH Defined 8850
FORD CAP TRST II PFDTR 345395206 25875 1,2,3 460000 SH Defined 460000
FORD MOTOR COMPANY COM 345370860 15520 1,2,3 970000 SH Defined 970000
FPL GROUP COM 302571104 5465 1,2,3 91100 SH Defined 91100
FRANKLIN RES INC NOTE 354613AC5 23673 2,3 40000000 PRN Defined 374416
FREDDIE MAC COM 313400301 13709 1,2,3 224000 SH Defined 224000
FREEPORT MCMORAN COPPER&GOLD CLB 35671D857 1261 1,3 70625 SH Defined 70625
FRONTLINE LTD. ORD G3682E127 2383 1,2,3 250000 SH Defined 250000
GABLES RESIDENTIAL TRUST SHINT 362418105 441 1,3 13825 SH Defined 13825
GENENTECH INC COM 368710406 1307 1,3 39000 SH Defined 39000
GENERAL CABLE CORP COM 369300108 255 1,3 40400 SH Defined 40400
GENERAL ELECTRIC CO COM 369604103 3980 1,3 137000 SH Defined 137000
GENERAL MOTORS CORP COM 370442105 21915 1,2,3 410000 SH Defined 410000
GM-HUGHES ELECT CLH 370442832 816 2,3 78500 SH Defined 78500
GENUITY INC-A CLA 37248E202 38 2,3 10000 SH Defined 10000
GEORGIA-PACIFIC CORPORATION COMGAPAC 373298108 940 1,3 38225 SH Defined 38225
GLIMCHER REALTY TRUST SHINT 379302102 794 1,3 42900 SH Defined 42900
GREAT LAKES REIT INC COM 390752103 1234 2,3 65000 SH Defined 65000
HARRIS CORP COM 413875105 362 1,3 10000 SH Defined 10000
HCA INC COM 404119109 3800 1,3 80000 SH Defined 80000
HEALTH CARE PPTYS INVEST INC COM 421915109 1416 2,3 33000 SH Defined 33000
HEALTH NET INC COM 42222G108 1532 1,3 57225 SH Defined 57225
HEALTHCARE REALTY TRUST INC COM 421946104 7293 1,2,3 227900 SH Defined 227900
HEALTHSOUTH CORP SBCV 421924AF8 3920 2,3 4000000 PRN Defined 109200
HEALTHSOUTH CORP. COM 421924101 7994 2,3 625000 SH Defined 625000
HEARST-ARGYLE TELEVISION INC COM 422317107 3721 1,2,3 165000 SH Defined 165000
HERCULES INC COM 427056106 912 2,3 78600 SH Defined 78600
HEWLETT-PACKARED CO COM 428236103 935 1,3 61200 SH Defined 61200
HOME DEPOT COM 437076102 2314 1,3 63000 SH Defined 63000
HOUSEHOLD INTL INC COM 441815107 7952 1,2,3 160000 SH Defined 160000
IDEC PHARMACEUTICALS CORP COM 449370105 1209 1,2,3 34100 SH Defined 34100
IMC GLOBAL INC COM 449669100 834 2,3 66700 SH Defined 66700
INGERSOLL RAND CO CL A G4776G101 1370 2,3 30000 SH Defined 30000
INSITUFORM TECHNOLOGIES CL A 457667103 148 2,3 7000 SH Defined 7000
INSWEB CORPORATION COM 45809K202 252 2,3 112019 SH Defined 112020
INTEL CORP COM 458140100 1447 1,3 79200 SH Defined 79200
INT'L BUSINESS MACHINE COM 459200101 16416 1,2,3 228000 SH Defined 228000
INTERNATIONAL PAPER CO. COM 460146103 4358 2,3 100000 SH Defined 100000
INTERSTATE BAKERIES COM 46072H108 232 1,3 8050 SH Defined 8050
INTL RECTIFIER CORP COM 460254105 376 1,3 12900 SH Defined 12900
IONICS INC COM 462218108 1698 2,3 70000 SH Defined 70000
IPC HOLDINGS LTD ORD G4933P101 1061 1,3 34725 SH Defined 34725
IVAX CORP COM 465823102 654 1,3 60525 SH Defined 60525
IVAX CORP SRSBNTCV 465823AD4 1953 1,3 2400000 PRN Defined 80754
JOHNSON & JOHNSON COM 478160104 2108 1,2,3 40340 SH Defined 40340
KELLWOOD CO COM 488044108 365 1,3 11225 SH Defined 11225
KENNAMETAL INC COM 489170100 366 1,3 10000 SH Defined 10000
KERR MC GEE CORP COM 492386107 7497 1,2,3 140000 SH Defined 140000
KEY3MEDIA GROUP COM 49326R104 18 1,3 38950 SH Defined 38950
KEYSPAN CORP COM 49337W100 565 2,3 15000 SH Defined 15000
KINDRED HEALTHCARE INC COM 494580103 14 2,3 314 SH Defined 314
KULICKE & SOFFA SUBCV 501242AE1 2898 1,3 3450000 PRN Defined 150657
KULICKE & SOFFA INDUSTRIES COM 501242101 1306 1,3 105400 SH Defined 105400
L-3 COMMUNICATIONS CORP COM 502424104 4846 1,3 89740 SH Defined 89740
LABORATORY CRP OF AMER HLDGS COM 50540R409 8783 1,2,3 192400 SH Defined 192400
LAMAR ADVERTISIN NTCV 512815AF8 2845 1,3 2800000 PRN Defined 60540
LAMAR ADVERTISING CO CL A 512815101 1453 1,3 39050 SH Defined 39050
LATTICE SEMICOND SUBCV 518415AC8 2085 1,3 2450000 PRN Defined 118243
LATTICE SEMICONDUCTOR CORP COM 518415104 776 1,3 88800 SH Defined 88800
LEAR CORP COM 521865105 1234 1,3 26675 SH Defined 26675
LEHMAN BROS HLDG FRNT 524908EC0 2538 2,3 2500000 PRN Defined 26016
LIBERTY MEDIA COMA 530718105 13480 1,2,3 1348048 SH Defined 1348048
LINCOLN NATIONAL CORP INDIANA COM 534187109 3780 1,2,3 90000 SH Defined 90000
LOCKHEED MARTIN CORP COM 539830109 3267 1,3 47000 SH Defined 47000
LONGVIEW FIBRE CO COM 543213102 539 2,3 57200 SH Defined 57200
LOWES COMPANIES NOTE 548661CG0 19467 1,2,3 20000000 PRN Defined 344240
LOWE'S COS INC COM 548661107 7431 1,2,3 163680 SH Defined 163680
LUBRIZOL CORP COM 549271104 1331 1,3 39725 SH Defined 39725
LUCENT TECHNOLOGIES COM 549463107 4579 1,2,3 2758500 SH Defined 2758500
MARATHON OIL CORP COM 565849106 5536 1,2,3 204125 SH Defined 204125
MAXTOR CORP COM 577729205 205 1,3 45350 SH Defined 45350
MBIA INC COM 55262C100 1413 2.3 25000 SH Defined 25000
MEDTRONIC INC COM 585055106 6128 1,3 143000 SH Defined 143000
MERRILL LYNCH NOTE 590188A65 14188 1,2,3 28000000 PRN Defined 159004
MERRILL LYNCH FRNT 590188A73 35268 1,2,3 36500000 PRN Defined 504477
MERRILL LYNCH & CO INC COM 590188108 4803 1,2,3 118600 SH Defined 118600
METLIFE INC COM 59156R108 5702 1,2,3 198000 SH Defined 198000
MICRON TECHNOLOGY INC COM 595112103 1517 1,3 75000 SH Defined 75000
MICROSOFT CORP COM 594918104 3009 1,3 55000 SH Defined 55000
MILACRON INC COM 598709103 433 1,3 42675 SH Defined 42675
MONSANTO CO COM 61166W101 564 1,3 31675 SH Defined 31675
MORGAN STANLEY INDIA INVEST COM 61745C105 530 2,3 57366 SH Defined 57366
MSDW ASIA PACIFIC FUND COM 61744U106 2176 2,3 252990 SH Defined 252990
NABORS INDS INC DBCV 629568AF3 7068 2,3 12000000 PRN Defined 84894
NABORS INDUSTRIES INC COM 629568106 318 1,3 9000 SH Defined 9000
NACCO INDUSTRIES-CL A CL A 629579103 527 1,3 9075 SH Defined 9075
NATIONWIDE FINANCIAL SERV-A CL A 638612101 1975 2,3 50000 SH Defined 50000
NEWHALL LAND & FARMING CO DEPREC 651426108 3536 2,3 110500 SH Defined 110500
NEWMONT MINING CORP HLDG CO COM 651639106 1711 2,3 65000 SH Defined 65000
NEWS AMER INC NOTE 652482AZ3 33116 1,2,3 70300000 PRN Defined 854025
NEWS CORP LTD -SPONS ADR ADRNEW 652487703 459 2,3 20000 SH Defined 20000
NIKE INC CL B CL B 654106103 1878 1,3 35000 SH Defined 35000
NORFOLK SOUTHERN CORP. COM 655844108 13210 2,3 565000 SH Defined 565000
NORTH FORK BANCORPORATION COM 659424105 3981 2,3 100000 SH Defined 100000
NVIDIA CORP COM 67066G104 625 1,3 36400 SH Defined 36400
NVIDIA CORP SBNTCV 67066GAA2 1850 1,3 2250000 PRN Defined 48538
OGDEN CORP SDCV 676346AC3 688 2,3 2500000 PRN Defined 63976
OLD REPUBLIC INTL CORP COM 680223104 8089 1,2,3 256800 SH Defined 256800
OMNICOM GROUP COM 681919106 2322 1,2,3 50700 SH Defined 50700
OMNICOM GROUP NOTE 681919AK2 8340 2,3 9000000 PRN Defined 81810
ON COMMAND CORPORATION WTBEX 682160122 6 2,3 113266 SH Defined 113266
PACIFICARE HEALTH SYSTEMS COM 695112102 377 1,3 13875 SH Defined 13875
PALL CORP COM 696429307 2283 2,3 110000 SH Defined 110000
PATHMARK STORES INC COM 70322A101 13815 2,3 734432 SH Defined 734432
PAYCHEX INC COM 704326107 18 2,3 560 SH Defined 560
PAYLESS SHOESOURCE INC COM 704379106 1634 1,3 28350 SH Defined 28350
PEABODY ENERGY CORP COM 704549104 1981 1,3 70000 SH Defined 70000
PEPSI BOTTLING GROUP INC COM 713409100 6160 2,3 200000 SH Defined 200000
PEPSICO INCORPORATED COM 713448108 3952 1,3 82000 SH Defined 82000
PERFORMANCE FOOD SUBNTCV 713755AA4 3263 1,3 2600000 PRN Defined 78907
PERFORMANCE FOOD GROUP CO COM 713755106 2203 1,3 65050 SH Defined 65050
PFIZER INC COM 717081103 5705 1,3 163000 SH Defined 163000
PHARMACIA CORPORATION COM 71713U102 2629 2,3 70200 SH Defined 70200
PHILLIPS PETROLEUM COMPANY COM 718507106 674 1,3 11450 SH Defined 11450
PHOENIX COMPANIES INC COM 71902E109 2129 2,3 116000 SH Defined 116000
PIONEER STANDARD ELECTRONICS COM 723877106 513 1,3 49375 SH Defined 49375
PLUM CREEK TIMBER CO COM 729251108 1535 2,3 50000 SH Defined 50000
PPL CORPORATION COM 69351T106 992 2,3 30000 SH Defined 30000
PRECISION DRILLING CORP COM 74022D100 1153 1,3 33200 SH Defined 33200
PREMCOR INC. COM 74045Q104 72 2,3 2800 SH Defined 2800
PRESIDENTIAL LIFE CORP COM 740884101 167 1,3 8225 SH Defined 8225
PRIME HOSPITALITY CORP COM 741917108 83 2,3 6375 SH Defined 6375
PROSPECT STREET INC SHARES COM 743590101 1016 2,3 161283 SH Defined 161283
PROVINCE HEALTHC SBNTCV 743977AC4 1947 1,3 1850000 PRN Defined 69957
PROVINCE HEALTHCARE CO COM 743977100 1087 1,3 48600 SH Defined 48600
PRUDENTIAL FINANCIAL INC COM 744320102 2402 2,3 72000 SH Defined 72000
PUBLIC SVC CO N MEX COM COM 69349H107 446 1,3 18450 SH Defined 18450
PULTE CORP COM 745867101 11266 1,2,3 196000 SH Defined 196000
QUALCOMM INC COM 747525103 1787 1,3 65000 SH Defined 65000
QUANTUM CORP-DLT & STORAGE COM DSSG 747906204 498 1,3 118500 SH Defined 118500
QWEST COMMUNICATIONS INTL COM 749121109 980 2,3 350000 SH Defined 350000
R.H. DONNELLEY CORP COM 74955W307 478 1,3 17100 SH Defined 17100
RADIAN GROUP INC COM 750236101 672 1,3 13750 SH Defined 13750
RAYTHEON COMPANY COM 755111507 1526 1,2,3 37440 SH Defined 37440
REGENERON PHARM NOTE 75886FAB3 2054 2,3 2600000 PRN Defined 85947
REPUBLIC BANCORP COM 760282103 448 1,3 29955 SH Defined 29955
RESMED INC COM 761152107 423 1,3 14400 SH Defined 14400
RESMED INC NOTE 761152AB3 1200 1,3 1450000 PRN Defined 23927
SARA LEE CORP COM 803111103 1066 1,3 51650 SH Defined 51650
SCANA CORP COM 80589M102 1995 2,3 64621 SH Defined 64621
SCHLUMBERGER LIMITED COM 806857108 2725 1,3 58600 SH Defined 58600
SEMTECH CORP COM 816850101 1151 1,3 43100 SH Defined 43100
SEMTECH CORP SBNTCV 816850AD3 2273 1,3 2400000 PRN Defined 56832
SENIOR HOUSING PROP TRUST SHINT 81721M109 471 2,3 30000 SH Defined 30000
SERVICEMASTER COMPANY COM 81760N109 1032 1,3 75250 SH Defined 75250
SHERWIN WILLIAMS CO COM 824348106 687 1,3 22950 SH Defined 22950
SIRIUS SATELLITE RADIO INC COM 82966U103 6103 2,3 1619172 SH Defined 1619172
SIZELER PROP INV SDCV 830137AC9 4000 2,3 4000000 PRN Defined 363636
SOUTHTRUST CORP COM 844730101 400 1,3 15325 SH Defined 15325
SOUTHWEST AIR CO COM 844741108 323 1,3 20000 SH Defined 20000
SPANISH BROADCASTING CLA 846425882 2448 2,3 244800 SH Defined 244800
SPRINT CORP-FON GROUP COMFON 852061100 212 2,3 20000 SH Defined 20000
SPRINT CORP-PCS GROUP PCSCOM1 852061506 6283 1,2,3,4 1405628 SH Defined 1405628
STAR GAS PARTNER SRSBUN 85512C204 303 2,3 29229 SH Defined 29229
STARBUCKS CORP COM 855244109 1740 1,3 70000 SH Defined 70000
STEIN MART INC COM 858375108 148 1,3 12475 SH Defined 12475
SUNOCO INC COM 86764P109 3207 2,3 90000 SH Defined 90000
TECH DATA CORP COM 878237106 4054 1,2,3 107100 SH Defined 107100
TEEKAY SHIPPING CORP COM Y8564W103 7400 1,2,3 200500 SH Defined 200500
TEJON RANCH COM 879080109 1216 2,3 37300 SH Defined 37300
TELLABS INC COM 879664100 633 1,3 102025 SH Defined 102025
TENET HEALTHCARE CORP COM 88033G100 501 1,3 7000 SH Defined 7000
TJX COS INC NOTE 872540AL3 9017 1,2,3 11800000 PRN Defined 385471
TJX COS. INC. NEW COM 872540109 4436 1,2,3 226200 SH Defined 226200
TRANSOCEAN SEDCO DBCV 893830AA7 3038 2,3 5000000 PRN Defined 40783
TRAVELERS PPTY CASUALTY CL A 89420G109 708 1,2,3 40000 SH Defined 40000
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TRIBUNE CO NEW COM 896047107 3915 1,3 90000 SH Defined 90000
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TRIZEC PROPERTIES INC COM 89687P107 1019 1,3 60425 SH Defined 60425
TYCO INTERNATIONAL LTD COM 902124106 226 1,3 16750 SH Defined 16750
UNION PACIFIC COM 907818108 1228 1,3 19400 SH Defined 19400
UNITED PARCEL SERVICE -CL B CL B 911312106 2748 1,3 44500 SH Defined 44500
UNIVERSAL CORP-VA COM 913456109 459 1,3 12500 SH Defined 12500
UNOCAL CORP COM 915289102 924 2,3 25000 SH Defined 25000
US BANCORP COMNEW 902973304 2102 1,2,3 90000 SH Defined 90000
USFREIGHTWAYS CORPORATION COM 916906100 482 1,3 12725 SH Defined 12725
VALERO ENERGY CORP COM 91913Y100 7858 1,2,3 210000 SH Defined 210000
VEECO INSTRUMENTS INC. COM 922417100 500 1,3 21650 SH Defined 21650
VENATOR GROUP NOTE 922944AB9 2825 1,3 2500000 PRN Defined 158168
VENTAS INC COM 92276F100 2585 1,2,3 202750 SH Defined 202750
VIAD CORP COM 92552R109 954 1,3 36700 SH Defined 36700
VISHAY INTERTECHNOLOGY INC COM 928298108 494 1,3 22463 SH Defined 22463
WAL MART STORES INC COM 931142103 3548 1,3 64500 SH Defined 64500
WASHINGTON MUTUAL INC COM 939322103 1187 1,3 31975 SH Defined 31975
WELLS FARGO & COMPANY COM 949746101 5006 1,3 100000 SH Defined 100000
WEYERHAEUSER COMPANY COM 962166104 319 1,3 5000 SH Defined 5000
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WORLDCOM GROUP COM 98157D106 128 1,3 154650 SH Defined 154650
XL CAPITAL LTD-CLASS A CL A G98255105 551 1,3 6500 SH Defined 6500
YOUNG BROADCASTING INC-A CL A 987434107 1181 1,2,3 66400 SH Defined 66400