FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2001
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: 325
Form 13F Information Table Value Total: 1,986,941 (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
AGCO CORP COM 001084102 3,086 4,2 321500 SH DEFINED 321500
AK STEEL HOLDING CORP COM 001547108 2,902 4,2 288800 SH DEFINED 288800
AMR CORP COM 001765106 3,161 4,2 90000 SH DEFINED 90000
AOL TIME WARNER COM 00184A105 2,529 3,2 63000 SH DEFINED 63000
AT & T CORPORATION COM 001957109 6,956 4,2,1 326565 SH DEFINED 326565
LIBERTY MEDIA COMA 001957208 7,533 3,2 538048 SH DEFINED 538048
A T & T WIRELESS GROUP COM 001957406 7,672 4,2 400000 SH DEFINED 400000
ACME COMMUNICATIONS INC COM 004631107 5,895 4,2 558095 SH DEFINED 558095
ADELPHIA COMMUNICATIONS CL A 006848105 14,681 4,2 362500 SH DEFINED 362500
AFFILIATED COMPUTER SVCS CL A 008190100 2,135 3,2 32900 SH DEFINED 32900
AFFIL COMPUTER SBNTCV 008190AD2 2,761 3,2 1720000 PRN DEFINED
AGILENT TECHNOLOGIES INC COM 00846U101 922 3,2 30000 SH DEFINED 30000
AKAMAI TECH SBNTCV 00971TAC5 1,550 4,2 4000000 PRN DEFINED
ALCOA INC COM 013817101 8,125 3,4,2 226000 SH DEFINED 226000
ALLEGHENY ENERGY INC COM 017361106 1,448 4,2 31300 SH DEFINED 31300
ALLIN COMMUNICATIONS CORP COM 019924109 191 4,2 340000 SH DEFINED 340000
ALLTEL CORP COM 020039103 5,291 4,2,1 100852 SH DEFINED 100852
AMBAC FINANCIAL GROUP INC COM 023139108 5,709 4,2 90000 SH DEFINED 90000
AMERADA HESS COM 023551104 9,765 4,2 125000 SH DEFINED 125000
AMERICA WEST HOLDINGS CL B 023657208 204 3,2 21278 SH DEFINED 21278
AMERICAN BUSINESS FINL SVCS COM 02476B106 257 4,2 25042 SH DEFINED 25042
AMERICAN CAPITAL STRATEGIES COM 024937104 4,134 4,2 162500 SH DEFINED 162500
AMERICAN EXPRESS COM 025816109 3,511 3,2 85000 SH DEFINED 85000
AMERICAN INTL GROUP INC COM 026874107 1,102 4,2 13690 SH DEFINED 13690
AMERICAN TOWER CORP CL A 029912201 377 3,2 20400 SH DEFINED 20400
AMERICAN TOWER NTCV 029912AE2 756 3,2 960000 PRN DEFINED
AMERICAN TOWER NTCONV 029912AF9 465 3,2 590000 PRN DEFINED
AMERISOURCE HEALTH CORP CL A 03071P102 1,722 3,2 35100 SH DEFINED 35100
AMERISOURCE HEAL SBNTCV 03071PAB8 2,948 3,2 2480000 PRN DEFINED
AMKOR TECHNOLOGY INC COM 031652100 1,142 4,2 70000 SH DEFINED 70000
ANADARKO PETROLEUM CORP COM 032511107 7,361 4,2 117250 SH DEFINED 117250
ANHEUSER BUSCH CO COM 035229103 1,612 4,2 35100 SH DEFINED 35100
ANTEC CORP COM 03664P105 291 4,2 40000 SH DEFINED 40000
ANTEC CORP SBNTCV 03664PAA3 1,443 4,2 2250000 PRN DEFINED
AON CORP COM 037389103 20,235 4,2 570000 SH DEFINED 570000
APACHE CORP COM 037411105 1,440 4,2 25000 SH DEFINED 25000
APPLIED BIOSYSTEMS GROUP COM 038020103 278 2 10000 SH DEFINED 10000
APPLIED MATERIALS INC. COM 038222105 4,133 3,2 95000 SH DEFINED 95000
ARGUSS COMMUNICATIONS INC COM 040282105 3,591 4,2 608612 SH DEFINED 608612
AT HOME CORP COM SER A 045919107 1,904 4,2 425000 SH DEFINED 425000
AT HOME CORP SBDBCV 045919AC1 2,704 4,2 7000000 PRN DEFINED
EXCITE@HOME SBNTCV 045919AD9 12,146 3,4,2 20500000 PRN DEFINED
AT HOME CORP SUBNTCV 045919AF4 19,256 3,4,2 32500000 PRN DEFINED
BANK ONE CORP COM 06423A103 9,027 4,2 249500 SH DEFINED 249500
BAYCORP HOLDINGS LTD COM 072728108 3,092 3,2 386442 SH DEFINED 386442
BEA SYSTEMS INC COM 073325102 1,575 3,2 53600 SH DEFINED 53600
BEA SYSTEMS INC SBNTCV 073325AD4 2,469 3,2 2250000 PRN DEFINED
BEAR STEARNS COMPANIES INC COM 073902108 3,202 4,2 70000 SH DEFINED 70000
BELLSOUTH CORP COM 079860102 1,023 4,2 25000 SH DEFINED 25000
BELO CORPORATION COM SER A 080555105 4,118 4,2 250000 SH DEFINED 250000
BETHLEHEM STEEL CORP COM 087509105 729 4,2 301100 SH DEFINED 301100
BEVERLY ENTERPRISES INC COM NEW 087851309 4,850 4,2 606300 SH DEFINED 606300
BOEING COMPANY COM 097023105 5,571 4,2 100000 SH DEFINED 100000
BOWATER INC COM 102183100 3,877 4,2 81800 SH DEFINED 81800
BROADWING INC PFD CV DEP 111620407 470 2 10000 SH DEFINED 10000
BUCKHEAD AMERICA CORP COM 11835A105 67 4,2 21579 SH DEFINED 21579
BURLINGTON NORTHERN SANTA FE COM 12189T104 2,157 4,2 71000 SH DEFINED 71000
BURLINGTON RESOURCES INC COM 122014103 4,028 4,2 90000 SH DEFINED 90000
CMS ENERGY ADJ CV TR 125896308 340 2 10000 SH DEFINED 10000
CNA INCOME SHARES INC COM 126119106 1,195 4,2 141036.61 SH DEFINED 141036.61
CNA SURETY CORPORATION COM 12612L108 364,206 4,2,1 27425147 SH DEFINED 27425147
CABOT OIL & GAS CORP -CL A CL A 127097103 1,123 4,2 41600 SH DEFINED 41600
CALPINE CORPORATION COM 131347106 7,396 3,4,2 134300 SH DEFINED 134300
CANADIAN NATL RAILWAY CO COM 136375102 8 3,2 224 SH DEFINED 224
CAPITAL ONE FINANCIAL CORP COM 14040H105 2,775 4,2 50000 SH DEFINED 50000
CARDINAL HEALTH INC. COM 14149Y108 5,769 3,2 59625 SH DEFINED 59625
CATELLUS DEVELOPMENT CORP CALL 149111106 1,697 4,2 107724 SH CALL DEFINED 107724
CATERPILLAR INC COM 149123101 1,110 4,2 25000 SH DEFINED 25000
CELESTICA INC SUBVTGSHS 15101Q108 6,837 3,4,2 247900 SH DEFINED 247900
CELESTICA INC LYONZR 15101QAA6 28,180 3,4,2 79380000 PRN DEFINED
CHEVRON CORP COM 166751107 1,756 4,2 20000 SH DEFINED 20000
CISCO SYSTEMS INC COM 17275R102 2,372 3,2 150000 SH DEFINED 150000
CITIGROUP INC COM 172967101 4,858 3,2 108000 SH DEFINED 108000
CLEAR CHANNEL COMMUNICATIONS COM 184502102 5,173 3,4,2 95006 SH DEFINED 95006
COLT TELECOM GROUP ADR 196877104 127 4,2 3000 SH DEFINED 3000
COMCAST CORP CL A SPL 200300200 7,800 3,4,2 186000 SH DEFINED 186000
COMMUNICATION INTELLIGENCE COM 20338K106 1,113 4,2 660000 SH DEFINED 660000
COMPUTER ASSOCIATES INTL INC COM 204912109 4,366 4,2 160500 SH DEFINED 160500
CONAGRA INC COM 205887102 730 4,2 40000 SH DEFINED 40000
CONECTIV COM 206829103 1,768 4,2 80900 SH DEFINED 80900
CONOCO INC-CL A CL A 208251306 2,108 4,2 75000 SH DEFINED 75000
CONSTELLATION ENERGY GROUP COM 210371100 2,867 4,2 65000 SH DEFINED 65000
CONVERGYS CORP COM 212485106 361 2 10000 SH DEFINED 10000
CORN PRODUCTS INTL INC COM 219023108 3,323 4,2 129500 SH DEFINED 129500
CORNING INC. COM 219350105 1,783 3,4,2 86200 SH DEFINED 86200
CORRECTIONS CORP PFD CV B 22025Y308 1 4,2 95 SH DEFINED 95
COX COMMUNICATIONS INC CL A 224044107 2,225 3,4,2 50000 SH DEFINED 50000
CYANOTECH CORP COM NEW 232437202 421 2,1 408155 SH DEFINED 408155
D.R. HORTON INC COM 23331A109 5,097 4,2 241000 SH DEFINED 241000
DEERE & CO COM 244199105 2,544 4,2 70000 SH DEFINED 70000
DEL MONTE FOODS CO COM 24522P103 1,989 4,2 244400 SH DEFINED 244400
DELPHI AUTOMOTIVE SYSTEMS COM 247126105 1,802 4,2 127200 SH DEFINED 127200
DELPHI FINANCIAL GROUP CL A 247131105 3,256 4,2 110000 SH DEFINED 110000
DELTA AIR INC COM 247361108 3,978 4,2 100700 SH DEFINED 100700
DOLLAR THRIFTY AUTOMOTIVE COM 256743105 2,369 2 115000 SH DEFINED 115000
DOW CHEMICAL CORP COM 260543103 8,682 4,2 275000 SH DEFINED 275000
DU PONT DE NEMOURS E.I. COM 263534109 1,221 4,2 30000 SH DEFINED 30000
DUKE POWER CO. COM 264399106 6,719 3,4,2 157200 SH DEFINED 157200
DUKE ENERGY CORP CORP UNITS 264399585 12,581 3,4,2 460000 SH DEFINED 460000
EMC CORPORATION COM 268648102 1,805 3,2 61400 SH DEFINED 61400
EAST-WEST BANCORP INC. COM 27579R104 23,447 4,2 1218000 SH DEFINED 1218000
ECHOSTAR COMMUNICATIONS CL A 278762109 633 3,2 22880 SH DEFINED 22880
ECHOSTAR COMM SUB NT CV 278762AB5 1,146 3,2 1300000 PRN DEFINED
ELDERTRUST COM SH BEN 284560109 721 4,2 200700 SH DEFINED 200700
EMERSON ELECTRIC COMPANY COM 291011104 3,038 3,2 49000 SH DEFINED 49000
ENCOMPASS SERVICES CORP COM 29255U104 335 4,2 68397 SH DEFINED 68397
ENERGY EAST CORPORATION COM 29266M109 2,349 4,2 135400 SH DEFINED 135400
ENRON CORP COM 293561106 13,014 3,4,2 224000 SH DEFINED 224000
EXIGENT INTERNATIONAL INC COM 302056106 0 3,2 125 SH DEFINED 125
EXODUS COMMUNICATIONS INC COM 302088109 22 4,2 2000 SH DEFINED 2000
FPL GROUP COM 302571104 4,904 4,2 80000 SH DEFINED 80000
FEDERAL HM LOAN MGT CORP COM 313400301 2,982 3,2 46000 SH DEFINED 46000
FIRST DATA CORP COM 319963104 3,881 3,2 65000 SH DEFINED 65000
FIRST UNION CORP COM 337358105 2,475 4,2 75000 SH DEFINED 75000
FRIEDMAN BILLINGS RAMSEY-A CL A 358433100 279 4,2 51000 SH DEFINED 51000
GENENTECH INC COM NEW 368710406 1,970 3,2 39000 SH DEFINED 39000
GENERAL COMMUNICATION -CL A CL A 369385109 71 3,2 7913 SH DEFINED 7913
GENERAL DYNAMICS CORP. COM 369550108 1,882 3,2 30000 SH DEFINED 30000
GENERAL ELECTRIC CO COM 369604103 5,400 3,2 129000 SH DEFINED 129000
GENERAL MOTORS CORP COM 370442105 2,725 4,2 52563 SH DEFINED 52563
GENERAL MOTORS CORP CL H CL H NEW 370442832 3,588 3,4,2 184000 SH DEFINED 184000
GENERAL SEMICONDUCTOR INC COM 370787103 406 3,2 42900 SH DEFINED 42900
GEN SEMICONDUCTR SUB NT CV 370787AB9 853 3,2 1000000 PRN DEFINED
GEORGIA-PACIFIC CORPORATION COM 373298108 2,058 4,2 70000 SH DEFINED 70000
GOLD STANDARD INC COM 380724302 135 4,2 82812.5 SH DEFINED 82812.5
GRAPHIC PACKAGING INTERNATIO COM 388690109 0 2,1 2 SH DEFINED 2
GULF CANADA RES LTD -ORD ORD 40218L305 4,227 4,2 771400 SH DEFINED 771400
THE HEALTHCARE COMPANY COM 404119109 3,222 3,2 80000 SH DEFINED 80000
HAIN CELESTIAL GROUP INC COM 405217100 1,885 3,2 65000 SH DEFINED 65000
HAYES LEMMERZ INTL INC COM COM 420781106 1,588 4,2 284500 SH DEFINED 284500
HEALTH CARE PPTYS INVEST INC COM 421915109 2,171 4,2 64000 SH DEFINED 64000
HEALTHSOUTH CORP. COM 421924101 6,451 4,2 500500 SH DEFINED 500500
HEALTHSOUTH CORP SB DB CV 421924AF8 3,628 4,2 4000000 PRN DEFINED
HEALTHCARE REALTY TRUST INC COM 421946104 5,329 4,2 221100 SH DEFINED 221100
HEARST-ARGYLE TELEVISION INC COM 422317107 4,942 4,2 239900 SH DEFINED 239900
HERCULES INC COM 427056106 1,949 4,2 150000 SH DEFINED 150000
HILTON HOTELS CORP COM 432848109 6,322 4,2 605000 SH DEFINED 605000
HORIZON GROUP PROPERTIES COM 44041U102 2 4,2 630 SH DEFINED 630
HOUSEHOLD INTL INC COM 441815107 15,284 4,2 258000 SH DEFINED 258000
HUGHES SUPPLY INC COM 444482103 1,418 4,2 97000 SH DEFINED 97000
IMC GLOBAL INC COM 449669100 820 4,2 66700 SH DEFINED 66700
INGERSOLL RAND CO COM 456866102 1,271 4,2 32000 SH DEFINED 32000
INTEL CORP COM 458140100 1,295 3,2 49200 SH DEFINED 49200
INSWEB CORPORATION COM 45809K103 1,625 4,2 1368967 SH DEFINED 1368967
INTLL BUSINESS MACHINE COM 459200101 22,448 3,4,2 233400 SH DEFINED 233400
INTERNATIONAL PAPER CO. COM 460146103 3,608 4,2 100000 SH DEFINED 100000
INTL RECTIFIER CORP COM 460254105 1,231 3,2 30400 SH DEFINED 30400
INTL RECTIFIER SUB NT CV 460254AD7 2,456 3,2 2930000 PRN DEFINED
INTERSTATE BAKERIES COM 46072H108 1,464 4,2 95800 SH DEFINED 95800
ISPAT INTL NV NY REG CL 464899103 773 4,2 275000 SH DEFINED 275000
I2 TECHNOLOGIES INC COM 465754109 650 3,2 44850 SH DEFINED 44850
I2 TECHNOLOGIES SUB NT CV 465754AF6 1,691 3,2 2130000 PRN DEFINED
IVAX CORP COM 465823102 1,679 3,2 53300 SH DEFINED 53300
IVAX CORP SR SB CV 465823AB8 2,697 3,2 2400000 PRN DEFINED
JPS INDUSTRIES INC COM 46624E405 1,952 4,2 419243 SH DEFINED 419243
J.P. MORGAN CHASE & CO. COM 46625H100 3,143 3,4,2 70000 SH DEFINED 70000
KPMG CONSULTING INC COM 48265R109 3,242 4,2 249400 SH DEFINED 249400
KINROSS GOLD CORP COM 496902107 663 4,2 1322000 SH DEFINED 1322000
KROGER COMPANY COM 501044101 12,359 3,4,2 479200 SH DEFINED 479200
KULICKE & SOFFA INDUSTRIES COM 501242101 1,634 3,2 120500 SH DEFINED 120500
KULICKE & SOFFA INDUSTRIES SUB NT CV 501242AE1 2,864 3,2 3450000 PRN DEFINED
LSI CORP COM 502161102 1,663 3,2 105700 SH DEFINED 105700
LSI LOGIC SB NT CV 502161AD4 2,333 3,2 1950000 PRN DEFINED
L-3 COMMUNICATIONS CORP COM 502424104 1,761 3,2 22300 SH DEFINED 22300
L-3 COMM HLDGS SR SB CV 502424AA2 2,850 3,2 2400000 PRN DEFINED
LAM RESEARCH CORP COM 512807108 1,264 3,2 53200 SH DEFINED 53200
LAMAR ADVERTISING CO CL A 512815101 1,580 3,2 43000 SH DEFINED 43000
LAMAR ADVERTISIN NT CV 512815AF8 2,572 3,2 2550000 PRN DEFINED
LATTICE SEMICOND SUB NT CV 518415AC8 2,702 3,2 2450000 PRN DEFINED
ESTEE LAUDER COMPANIES CL A 518439104 36 4,2 1000 SH DEFINED 1000
LENNAR CORP COM 526057104 1,815 3,4,2 43900 SH DEFINED 43900
LIBERTY PROPERTY TRUST SH BEN INT 531172104 9,791 3,4,2 346700 SH DEFINED 346700
LIGHTSPAN INC COM 53226T103 14 3,2 7500 SH DEFINED 7500
LILLY (ELI) & CO. COM 532457108 4,048 3,2 52800 SH DEFINED 52800
LOCAL FINANCIAL CORP COM 539553107 19,661 4,2 1549700 SH DEFINED 1549700
LOCKHEED MARTIN CORP COM 539830109 4,456 4,2 125000 SH DEFINED 125000
LOWES CO INC COM 548661107 1,169 3,4,2 20000 SH DEFINED 20000
LUBRIZOL CORP COM 549271104 3,030 4,2 100000 SH DEFINED 100000
IKON MBIA INC. COM 55262C100 4,034 4,2 50000 SH DEFINED 50000
MCCORMICK & CO- COM NONVTG 579780206 1,218 4,2 29000 SH DEFINED
MEDICALOGIC/MEDSCAPE INC COM 584642102 2,924 4,2 1910000 SH DEFINED 1910000
MEDTRONIC INC COM 585055106 5,580 3,2 122000 SH DEFINED 122000
MELLON FINANCIAL CORP COM 58551A108 3,566 3,2 88000 SH DEFINED 88000
MERCATOR SOFTWARE INC COM 587587106 441 4,2 120500 SH DEFINED 120500
MERCURY INTERACTIVE CORP COM 589405109 812 3,2 19400 SH DEFINED 19400
MERCURY INTERACT SB NT CV 589405AA7 1,625 3,2 2200000 PRN DEFINED
MERCURY INTERACT SB NT CV 589405AB5 369 3,2 500000 PRN DEFINED
MICROSOFT CORP COM 594918104 2,625 3,2 48000 SH DEFINED 48000
MIRANT CORPORATION COM 604675108 533 2 15000 SH DEFINED 15000
MITCHELL ENERGY & DEV CL A 606592202 1,050 4,2 20000 SH DEFINED 20000
MOLEX - CLASS A NON-VOTING CL A 608554200 2,419 3,2 86993 SH DEFINED 86993
MSDW ASIA PACIFIC FUND COM 61744U106 2,384 4,2 306400 SH DEFINED 306400
MSDW INDIA INVESTMENT FUND COM 61745C105 790 4,2 90000 SH DEFINED 90000
MOTOROLA INC COM 620076109 1,811 3,2 127000 SH DEFINED 127000
NRG ENERGY INC COM 629377102 2,002 4,2 55000 SH DEFINED 55000
NEIMAN MARCUS GROUP -CL B CL B 640204301 2,984 4,2 98800 SH DEFINED 98800
NETOPIA INC COM 64114K104 46 2,1 15957 SH DEFINED 15957
NEWHALL LAND & FARMING CO DEP REC 651426108 1,785 4,2 70000 SH DEFINED 70000
NEWMONT MINING CORP COM 651639106 1,934 4,2 120000 SH DEFINED 120000
NEWS CORP LTD ADR 652487703 5,024 4,2 160000 SH DEFINED 160000
NEWS CORP LTD SP DR PFD 652487802 20,586 3,4,2 771000 SH DEFINED 771000
NEXTEL COMMNS, INC CL A 65332V103 176 3,2 12250 SH DEFINED 12250
NIAGARA MOHAWK HOLDINGS INC COM 653520106 3,324 4,2 196700 SH DEFINED 196700
NOKIA CORP ADR 654902204 1,200 3,2 50000 SH DEFINED 50000
NORFOLK SOUTHERN CORP. COM 655844108 10,881 4,2 650000 SH DEFINED 650000
NORTEL NETWORKS CORP COM 656568102 6,498 4,2 462500 SH DEFINED 462500
NORTH FORK BANCORPORATION COM 659424105 3,893 4,2 150000 SH DEFINED 150000
NORTHROP GRUMMAN CORP COM 666807102 2,610 4,2 30000 SH DEFINED 30000
OGE ENERGY CORP COM 670837103 1,823 4,2 79300 SH DEFINED 79300
OMNICOM GROUP COM 681919106 5,636 3,4,2 68000 SH DEFINED 68000
ON COMMAND CORPORATION COM 682160106 2,203 4,2 352480 SH DEFINED 352480
ON COMMAND CORPORATION WT B 682160122 108 4,2 123130 PRN CALL DEFINED
OVERSEAS SHIPHOLDING GROUP COM 690368105 3,472 4,2 126300 SH DEFINED 126300
OWENS-ILL INC PFD CONV 690768502 374 4,2 20500 SH DEFINED 20500
PACTIV CORPORATION COM 695257105 1,029 4,2 85000 SH DEFINED 85000
PALL CORP COM 696429307 2,411 4,2 110000 SH DEFINED 110000
PATHMARK STORES INC COM 70322A101 18,351 4,2 1066932 SH DEFINED 1066932
PEPSI BOTTLING GROUP INC COM 713409100 3,801 4,2 100000 SH DEFINED 100000
PEPSICO INCORPORATED COM 713448108 3,604 3,2 82000 SH DEFINED 82000
PFIZER INC COM 717081103 5,446 3,2 133000 SH DEFINED 133000
PHARMACIA CORPORATION COM 71713U102 4,533 3,2 90000 SH DEFINED 90000
PILGRIMS PRIDE CORP CL B 721467108 569 4,2 57800 SH DEFINED 57800
PLACER DOME INC COM 725906101 5,453 4,2 630352 SH DEFINED 630352
POTASH CORP OF SASKATCHEWAN COM 73755L107 3,359 4,2 57900 SH DEFINED 57900
POTOMAC ELECTRIC POWER COM 737679100 6,560 4,2 280600 SH DEFINED 280600
PRAXAIR INC COM 74005P104 4,242 4,2 95000 SH DEFINED 95000
PRIME RETAIL INC COM 741570105 5 4,2 12600 SH DEFINED 12600
PRIME HOSPITALITY CORP COM 741917108 879 4,2 81375 SH DEFINED 81375
PROVINCE HEALTHCARE CO COM 743977100 341 3,2 11200 SH DEFINED 11200
PROVINCE HEALTHCARE CO SB NT CV 743977AA8 653 3,2 650000 PRN DEFINED
PROVIDIAN FINANCIAL CORP COM 74406A102 2,345 3,4,2 47800 SH DEFINED 47800
PROVIDIAN FIN LYONZR 74406AAB8 4,950 3,4,2 12000000 PRN DEFINED
QUALCOMM INC COM 747525103 1,416 3,2 25000 SH DEFINED 25000
QUANTA SERVICES INC COM 74762E102 1,038 3,2 46500 SH DEFINED 46500
QUANTA SERVICES SUBNTCONV 74762EAA0 2,381 3,2 3330000 PRN DEFINED
QWEST COMMUNICATIONS INTL COM 749121109 368 2,1 10506 SH DEFINED 10506
RADIO ONE INC CL A 75040P108 147 2,1 8391 SH DEFINED 8391
RADIO ONE INC CLD NONVTG 75040P405 258 2,1 16782 SH DEFINED
RADIO UNICA COMMUNICATIONS COM 75040Q106 20 4,2 5000 SH DEFINED 5000
RADIOSHACK CORP COM 750438103 294 2 8000 SH DEFINED 8000
RATIONAL SOFTWARE CORP COM NEW 75409P202 833 3,2 46935 SH DEFINED 46935
RATIONAL SOFTWAR SUB NT CV 75409PAA1 1,459 3,2 1750000 PRN DEFINED
RATIONAL SOFTWAR SUB NT CV 75409PAC7 223 3,2 265000 PRN DEFINED
RAYTHEON CO. COM CL B 755111408 5,215 4,2 177500 SH DEFINED 177500
REPUBLIC SERVICES INC COM 760759100 638 4,2 34000 SH DEFINED 34000
RHYTHMS NETCONNECTIONS INC COM 762430205 2 4,2 5000 SH DEFINED 5000
SPX CORP COM 784635104 2,859 3,4,2 31500 SH DEFINED 31500
SAFEWAY INC COM NEW 786514208 4,412 3,2 80000 SH DEFINED 80000
SANMINA CORP COM 800907107 1,376 3,2 70345 SH DEFINED 70345
SANMINA CORP SUB NTCV 800907AB3 2,215 3,2 2000000 PRN DEFINED
SCANA CORP COM 80589M102 13,078 4,2 481711 SH DEFINED 481711
SCHLUMBERGER LIMITED COM 806857108 3,146 3,2 54600 SH DEFINED 54600
SCHULMAN (A.) INC COM 808194104 942 4,2 78900 SH DEFINED 78900
SCIENTIFIC ATLANTA INC COM 808655104 4,159 4,2 100000 SH DEFINED 100000
SCUDDER INTERMEDIATE GOVT SH BEN INT 811163104 1,008 4,2 149800 SH DEFINED 149800
SEARS ROEBUCK & COMPANY INC COM 812387108 4,952 4,2 140400 SH DEFINED 140400
SEMTECH CORP COM 816850101 1,437 3,2 48800 SH DEFINED 48800
SEMTECH CORP SUB NT CV 816850AD3 2,232 3,2 2400000 PRN DEFINED
SHERWIN WILLIAMS CO COM 824348106 2,357 4,2 92500 SH DEFINED 92500
SHOPKO STORES INC COM 824911101 1,301 4,2 162600 SH DEFINED 162600
SIEBEL SYSTEMS INC COM 826170102 408 3,2 15000 SH DEFINED 15000
SIERRA PACIFIC RESOURCES COM 826428104 1,347 4,2 91000 SH DEFINED 91000
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