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Lehman Brothers Holdings Inc. Plan Trust – ‘13F-HR’ for 3/31/00

As of: Monday, 5/15/00 · For: 3/31/00 · Accession #: 806085-0-45 · File #: 28-03182 · Deletion: This Filing was Deleted by the SEC on 6/7/00.

  As Of               Filer                 Filing    For·On·As Docs:Size

 5/15/00  Lehman Brothers Holdings Inc.     13F-HR      3/31/00    1:279K

Quarterly Holdings and Combination Report by a Money Manager — Form 13F
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 13F-HR      Lehman Brothers Holdings Inc. Form 13F                69±   483K 

13F-HR 1st “Page” of 3 TOC ↑Top Previous Next ↓Bottom Just 1st
 
UNITED STATES 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 13F

 Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended:       March 31, 2000             

Check here if Amendment    [        ];      Amendment Number:                   
This Amendment (Check only one.):    [        ] is a restatement                
                               [        ] adds new holdings entries.

Institutional Investment Manager Filing this Report:                            

Name:     Lehman Brothers Holdings Inc.                                         
Address:  3 World Financial Center                                              
New York, New York  10285                                   

Form 13F File Number:    28-3182                                                

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 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:             Jennifer Marre                                                
Title:            Vice President and Secretary                                  
Phone:            212 526-1936                                                  

Signature, Place and Date of Signing:                                           

/s/Jennifer Marre                   New York, NY              May 15, 2000      
------------------                  ------------              ------------      

Report Type (Check only one.):                                                  

[ X  ]        13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)               

[    ]        13F NOTICE.  (Check here if no holdings reported are in this      
        report,  and all  holdings are reported by another reporting
manager(s).)                                        

[    ]        13F COMBINATION REPORT. (Check here if a portion of the holdings  
              for this  reporting  manager  are  reported  in this  report and a
portion are reported by other reporting manager(s).)

13F-HR 2nd “Page” of 3 TOC 1st Previous Next ↓Bottom Just 2nd
 Form 13F SUMMARY SUMMARY PAGE

Report Summary:                                                                 

Number of Other Included Managers:               1                              

Form 13F Information Table Entry Total:       3628                              

Form 13F Information Table Value Total  25,106,326                              
          ----------
           (thousands)

List of Other Included Managers:                                                

Provide a numbered list of the name(s) and Form 13F file number(s) of all       
institutional investment managers with respect to which this report is filed,   
other than the manager filing this report.                                      

No.           Form 13F File Number           Name                               
1             28-1159                        Lehman Brothers Inc.               

13F-HR Last “Page” of 3 TOC 1st Previous Next ↓Bottom Just 3rd
                                                        [Enlarge/Download Table]


                                                                                                                              
                                 TITLE OF            VALUE     SHRS OR SH/ PUT/ INVESTMENT  OTHER          VOTING AUTHORITY   
NAME OF ISSUER                   CLASS    CUSIP     (X$1000)   PRN AMT PRN CALL DISCRETION MANAGERS     SOLE   SHARED     NONE
-------------------------------- -------- --------- --------   ------- --- ---- ---------- --------     ----   ------     ----
***LERNOUT & HAUSPIE SPEECH      COMMON   B5628B104     1437     13009 SH       DEFINED    01          13009        0        0
CONONCO INC CL B FRACTIONS       COMMON   CAJ251400        0    170000 SH       DEFINED    01         170000        0        0
FRACTIONS CROWN CASTLE           COMMON   CCJ227307       11    117992 SH       DEFINED    01         117992        0        0
DU PONT E I DE NEMOU             COMMON   CGD534105        0     69280 SH       DEFINED    01          69280        0        0
***DAIMLERCHRYSLER A.G.          ADR      D1668R123      204      3124 SH       DEFINED    01              0        0     3124
***BUNDOBLIGATION REP            CEURO    D20601TE6      114    113000 SH       DEFINED    01         113000        0        0
***INFINEON TECHNOLOGIES AG      COMMON   D35415104      774     15000 SH       DEFINED    01          15000        0        0
***ALLIANCE INVESTMENTS LTD      CEURO    G0178LAA0        0   2000000 SH       DEFINED    01        2000000        0        0
***BSCH FINANCE LTD              PREFERED G16547138      528     22000 SH       DEFINED    01              0        0    22000
***BSCH FINANCE LTD              PREFERED G16547153      352     16000 SH       DEFINED    01              0        0    16000
***CHINA.COM CORP                COMMON   G2108N109     1106     13662 SH       DEFINED    01          13662        0        0
***FRUIT OF THE LOOM LTD CL A    COMMON   G3682L105       16     13500 SH       DEFINED    01          13500        0        0
***GEMSTAR INTERNATIONAL GROUP   COMMON   G3788V106    17402    202350 SH       DEFINED    01              0        0   202350
***GEMSTAR INTERNATIONAL GROUP   COMMON   G3788V106     2880     33496 SH       DEFINED    01          33496        0        0
GLOBAL CROSSING LTD              COMMON   G3921A100     6571    160527 SH       DEFINED    01         160527        0        0
***WTS GLOBALSTAR                WARRANT  G3930H146    12782    112705 SH       DEFINED    01         112705        0        0
PUT  GLOBALSTAR T JUN 22.5****   OPTLEQTY G3930H9R7     2072    149400     PUT  DEFINED    01         149400        0        0
***HONGKONG.COM CORP             COMMON   G45869107      980   1532000 SH       DEFINED    01        1532000        0        0
***ICO GLOBAL COMMUNICATIONS     ADR      G4705T109       23     40138 SH       DEFINED    01          40138        0        0
***LORAL SPACE &                 COMMON   G56462107      196     19300 SH       DEFINED    01              0        0    19300
***LORAL SPACE & COMMUNICATION   PREFCONV G56462149     5600    175000 SH       DEFINED    01         175000        0        0
***QPL INTERNATIONAL HOLDINGS    COMMON   G7302M153      164     80000 SH       DEFINED    01              0        0    80000
***TOMMY HILFIGER CORP-ORD       COMMON   G8915Z102      168     11600 SH       DEFINED    01              0        0    11600
***TRANSOCEAN SEDCO FOREX INC    COMMON   G90078109      557     10872 SH       DEFINED    01          10872        0        0
***XL CAPITAL LTD-CL A           COMMON   G98255105      747     13500 SH       DEFINED    01          13500        0        0
***WTS LEHMAN BROS FIN S A       WARRANT  H48731550        0     36000 SH       DEFINED    01              0        0    36000
***DENMARK GOVT                  CFGN     K28842KN9       45    332000 SH       DEFINED    01         332000        0        0
***GILAT SATELLITE NETWORKS      ADR      M51474100      290      2478 SH       DEFINED    01           2478        0        0
INTERNET GOLD GOLDEN LINES LTD   COMMON   M56595107      229      9200 SH       DEFINED    01           9200        0        0
***JACADA LTD                    COMMON   M6184R101      263     18000 SH       DEFINED    01              0        0    18000
***JACADA LTD                    COMMON   M6184R101      653     44717 SH       DEFINED    01          44717        0        0
***ORBOTECH LTD-ORD              ADR      M75253100      473      5566 SH       DEFINED    01           5566        0        0
***RADVISION LTD                 COMMON   M81869105      353      6750 SH       DEFINED    01              0        0     6750
***RADVISION LTD                 COMMON   M81869105     1092     20863 SH       DEFINED    01          20863        0        0
***TECHNOMATIX TECHNOLOGIES      CFGNCNV  M8743PAA3        0    100000 SH       DEFINED    01         100000        0        0
***BAAN COMPANY NV               ADR      N08044104     1059    183320 SH       DEFINED    01         183320        0        0
***IFCO SYSTEMS NV               COMMON   N4396J107    11233    472600 SH       DEFINED    01         472600        0        0
***MADGE NETWORKS NV             ADR      N5424G106      340     40000 SH       DEFINED    01              0        0    40000
U S MONEY MARKET FUND NV-CL II   OFFSHORE N90407110      529    529459 SH       DEFINED    01              0        0   529459
U S MONEY MARKET FD NV-CL III    OFFSHORE N90407128      188    188127 SH       DEFINED    01              0        0   188127
***U S MONEY MARKET FUND NV-CL   OFFSHORE N90407136     8621   8621084 SH       DEFINED    01              0        0  8621084
***VERSATEL TELECOM B            COMMON   N9322B102      324      7000 SH       DEFINED    01           7000        0        0
***GRUPO FIN BANAMEX-AC          COMMON   P0701E195     2059    450000 SH       DEFINED    01         450000        0        0
***BANCO DE GALICIA Y BUENOS     COMMON   P09669113      591    116756 SH       DEFINED    01         116756        0        0
***BANCOMEXT TRUST DIVISION      CEURO    P14724AC5     1633   1500000 SH       DEFINED    01        1500000        0        0
***FIDEICOMISO PETACALCO         EUROFX   P39848AA7    10239    100000 SH       DEFINED    01              0        0   100000
***FIDEICOMISO PETACALCO         EUROFX   P39848AA7  2201428  21500000 SH       DEFINED    01       21500000        0        0
***ALFA SA DE CV-SER A           COMMON   P47194116     3412    349987 SH       DEFINED    01         349987        0        0
***HYLSA SA DE CV                CFGN     P5229WAC0      162    175000 SH       DEFINED    01              0        0   175000
***MEXICO VALUE RECOVERY         RIGHT    P66279103    39982    499000 SH       DEFINED    01              0        0   499000
***TELEFONICA DE ARGENTINA       CEURO    P90325AE4    16432  16725000 SH       DEFINED    01       16725000        0        0
***DAVNET LIMITED                COMMON   Q3123S106        8     20000 SH       DEFINED    01          20000        0        0
***DIGICALL GROUP LTD-ORD        COMMON   Q3189W108        6     80000 SH       DEFINED    01          80000        0        0
***ECORP                         COMMON   Q3386D101       36     15000 SH       DEFINED    01          15000        0        0
***IT CAPITAL LIMITED            COMMON   Q4984X119        5     20000 SH       DEFINED    01              0        0    20000
***NORMANDY MINING LTD-ORD       COMMON   Q6860G102       26     50000 SH       DEFINED    01          50000        0        0
***BLACK RANGE MINERALS NL-ORD   COMMON   Q9328M109       15    100000 SH       DEFINED    01         100000        0        0
***TELECOM ITALIA MOBILE SPA     COMMON   T9276A112       76     16020 SH       DEFINED    01              0        0    16020
***TELECOM ITALIA SPA-SVGS SHS   COMMON   T9277N105      118     17441 SH       DEFINED    01              0        0    17441
***TELECOM ITALIA SPA-ORD        COMMON   T9277N121      210     14116 SH       DEFINED    01              0        0    14116
CURAGEN CORP                     CBONDCNV U12698AA1     2400   2400000 SH       DEFINED    01        2400000        0        0
***CETUS CORP CONV               CEUROCNV U15719AA2    13627   9965000 SH       DEFINED    01        9965000        0        0
***FEDERAL REALTY INVS TRUST     CEUROCNV U31374AB4     2635   3065000 SH       DEFINED    01        3065000        0        0
***GLOBIX CORPORATION            CBOND    U34055AA8     2070   2070000 SH       DEFINED    01        2070000        0        0
***FUJI BANK CAPITAL SECS        PFDTRUST U3595KAA5        0    200000 SH       DEFINED    01         200000        0        0
*** HEALTH CARE PROPERTIES       CEUROCNV U42191AA1      175    185000 SH       DEFINED    01         185000        0        0
***NATIONAL HEALTH INVESTORS     CFGNCNV  U63633AC2       27     30000 SH       DEFINED    01          30000        0        0
***OMNICOM GROUP CONV            CFGNCNV  U68191AC6      129     80000 SH       DEFINED    01          80000        0        0
***ROCHE HOLDING INC             CFGN     U75000AE6     8192  12340000 SH       DEFINED    01       12340000        0        0
***WORLD AIRWAYS INC             CFGNCNV  U9871WAA1        0     10000 SH       DEFINED    01          10000        0        0
***ROYAL CARIBBEAN CRUISES LTD   COMMON   V7780T103      231      8250 SH       DEFINED    01           8250        0        0
ACAT DELIVERY IN PROGRESS        COMMON   XXA000849        0    573321 SH       DEFINED    01              0        0   573321
***BANGKOK BANK PUBLIC CO LTD    COMMON   XXB000033       14     14000 SH       DEFINED    01              0        0    14000
***CARDIA MINING NL              COMMON   XXC002511       48    200000 SH       DEFINED    01         200000        0        0
***CERVECERA NACIONAL            COMMON   XXC004406        0     50809 SH       DEFINED    01          50809        0        0
***CORP BANCA CA                 COMMON   XXC007315       13     14500 SH       DEFINED    01          14500        0        0
***GENERAL FINANCE & SECS CO     COMMON   XXG158331        3     10000 SH       DEFINED    01              0        0    10000
***LAFAYETTE MINING N            COMMON   XXL001426       27    200000 SH       DEFINED    01         200000        0        0
NASDAQ TEST SECURITIES           COMMON   XXN003284      285      4256 SH       DEFINED    01           4256        0        0
OHIO EDISON CO-8.45% PFD         PREFCUMU XXP003235     2000     20000 SH       DEFINED    01          20000        0        0
***WTS THAI FARMERS BANK         WARRANT  XXT001505        2     16000 SH       DEFINED    01              0        0    16000
TEST SECURITY                    COMMON   XXT710751      221     25707 SH       DEFINED    01          25707        0        0
VALUTRON DISTRIBUTION TRUST      COMMON   XXV130012        0     28000 SH       DEFINED    01          28000        0        0
***WESTERN METALS LTD-ORD        COMMON   XXW000003       11     60000 SH       DEFINED    01          60000        0        0
CORPUS-ON T /BOND 13.875% 2011   USTRES   XX5L00183        0    400000 SH       DEFINED    01         400000        0        0
WARREC CO CONV SUB PROM NOTES    CBOND    XX5L00082        0    100000 SH       DEFINED    01         100000        0        0
U S LEISURE INC                  CBOND    XX5L00096      200  20000000 SH       DEFINED    01       20000000        0        0
***DGB                           CFGN     XX5007551       60    428000 SH       DEFINED    01         428000        0        0
***VETERINARY CENTERS AMERICA    CFGNCNV  XX5011977       12     20000 SH       DEFINED    01          20000        0        0
***WESTLB FINANCE CURACAO NV     CFGN     XX5028702       99    100000 SH       DEFINED    01         100000        0        0
***HEALTH & RETIREMENT PPTYS     CFGNCNV  XX5029048     2167   2435000 SH       DEFINED    01        2435000        0        0
***THERMO CARDIOSYSTEMS INC      CFGNCNV  XX5051879      153    181000 SH       DEFINED    01         181000        0        0
***MACERICH CO                   CFGNCNV  XX5067392      898   1010000 SH       DEFINED    01        1010000        0        0
***FORD MOTOR CREDIT             CEURO    XX5148376      548    550000 SH       DEFINED    01              0        0   550000
***FRENCH OATS                   CFGN     XX5163191      102    105000 SH       DEFINED    01         105000        0        0
***NORDBANKEN                    CFGN     XX5239443        0   2000000 SH       DEFINED    01        2000000        0        0
***KFW INTL FINANCE              CBOND    XX5264762    19979  20000000 SH       DEFINED    01       20000000        0        0
***VOICESTREAM WIR COR           CBOND    XX5273256        0     40000 SH       DEFINED    01          40000        0        0
***NEXTLINK COMMUNICATIONS       CBOND    XX5281037        0     60000 SH       DEFINED    01          60000        0        0
***INTL BANK RECON & DEV         CFGN     XX5315832      337    350000 SH       DEFINED    01         350000        0        0
***ISRAEL ST 4TH ECON DEV        CFGN     XX5338577        0     25000 SH       DEFINED    01          25000        0        0
***UK TREASURY                   CFGN     XX5338910      160     82000 SH       DEFINED    01          82000        0        0
*** MEXICO SERIES B -FRN-        EUROFLT  XX5349365    31768    325000 SH       DEFINED    01              0        0   325000
***COMPANIA PETROLEO IPIRANGA    CFGN     XX5396622       40     40000 SH       DEFINED    01              0        0    40000
***INTERNATIONAL BANK RECON &    CEURO    XX5555184      336  29500000 SH       DEFINED    01       29500000        0        0
***NEW ZEALAND GOVT              CFGN     XX5581865      403    205000 SH       DEFINED    01         205000        0        0
***BUNDESREPUBLIK DEUTSCHLAND    CFGN     XX5618869       78     78000 SH       DEFINED    01          78000        0        0
PUT CISCO SYS JAN 56.625 ****    OPTLEQTY XX8C14489     5798     75000     PUT  DEFINED    01          75000        0        0
PUT 2CYQ07 EQUITY FLEXOPT        OPTLEQTY XX8S19235     7731    100000     PUT  DEFINED    01         100000        0        0
UTS GROUP ONE INT'L TR-#1M       UITCORPR XX9L00435        6     38049 SH       DEFINED    01          38049        0        0
WTS ACTIVE NOISE & VIBRATION     RESTRICT XX9L00013        0     10000 SH       DEFINED    01          10000        0        0
LEHMAN MANAGEMENT CO INC         COMMON   XX9L01080        0     34715 SH       DEFINED    01          34715        0        0
LEASEWAY HLDGS INC CL A          COMMON   XX9L01175        0     24500 SH       DEFINED    01          24500        0        0
PRODUCTIVITY SOFTWARE INTL INC   RESTRICT XX9L01624        0     95353 SH       DEFINED    01          95353        0        0
WTS MC CO RESTRICTED             WARRANT  XX9L01040        0    157500 SH       DEFINED    01         157500        0        0
GRAND UNION HLDG 12.00% PFD      RESTRICT XX9L02577        0     12000 SH       DEFINED    01          12000        0        0
CANGENE CORPORATION              RESTRICT XX9L02727       90    111360 SH       DEFINED    01         111360        0        0
ACTIVE NOISE & VIBRATION TECH    PREFCONV XX9L02234        0     10200 SH       DEFINED    01          10200        0        0
WTS INTERDIGITAL COMNCTNS CORP   WARRANT  XX9L03466      492     59667 SH       DEFINED    01          59667        0        0
WTS INTERDIGITAL COMMUNICATION   WARRANT  XX9L04207      923    111891 SH       DEFINED    01         111891        0        0
WYLY COLLECTION                  COMMON   XX9L08093        0     16080 SH       DEFINED    01          16080        0        0
WTS US LEISURE INC               WARRANT  XX9L08006        0    573292 SH       DEFINED    01         573292        0        0
*** JPY HOLDINGS LTD             RESTRICT XX9L13745       12     93116 SH       DEFINED    01          93116        0        0
GENERAL HOMES CORP               RESTRICT XX9L14213        0   5206228 SH       DEFINED    01        5206228        0        0
CARGILL INC SR NTS  REG          CBOND    XX9L15222    16191  15000000 SH       DEFINED    01       15000000        0        0
INTERNEURON PHARMACEUTICALS      RESTRICT XX9L17188       32     10715 SH       DEFINED    01          10715        0        0
GLOBAL FINANCIAL INFORMATION     RESTRICT XX9L17238      493   1450335 SH       DEFINED    01        1450335        0        0
MINIMED INC.                     RESTRICT XX9L17847    51800    400000 SH       DEFINED    01              0        0   400000
WTS ENERGY CONVERSION DEVICES    RESTRICT XX9L18387     2043    100000 SH       DEFINED    01         100000        0        0
SILICON STORAGE TECHNOLOGY       RESTRICT XX9L18416   183210   2480000 SH       DEFINED    01              0        0  2480000
CLEVELAND ELECTRIC ILLUM CO      RESTRICT XX9L18704    17063     18663 SH       DEFINED    01          18663        0        0
CALL 100 DC HOUSING FIN AGENCY   OPTMTGC  XX9L19353        0   7069000          DEFINED    01        7069000        0        0
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CALL 100 DC HOUSING FIN AGENCY   OPTMTGC  XX9L19357        0  12162000          DEFINED    01       12162000        0        0
CALL 100 DC HOUSING FIN AGENCY   OPTMTGC  XX9L19358        0  15090998          DEFINED    01       15090998        0        0
CALL 100 DC HOUSING FIN AGENCY   OPTMTGC  XX9L19359        0  12130000          DEFINED    01       12130000        0        0
GEMSTAR INTERNATIONAL GROUP      RESTRICT XX9L19067        0   1286394 SH       DEFINED    01              0        0  1286394
SARA LEE CORP EMPLOYEE STOCK     CBOND    XX9L19645    49173  44497472 SH       DEFINED    01       44497472        0        0
**WTS RIGCO NORTH AMERICA LLC    WARRANT  XX9L19349     1640    328116 SH       DEFINED    01         328116        0        0
CONTINENTAL AIR 14%              CBOND    XX9L22151     2904   2904990 SH       DEFINED    01        2904990        0        0
LOCKHEAD ESOP TRUST SER A        CBOND    XX9L22679    27343  25000000 SH       DEFINED    01       25000000        0        0
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CITADEL BROADCASTING             COMMON   XX9L23360        0     62820 SH       DEFINED    01          62820        0        0
WTS LEHMAN BROTHERS FINANCE      RESTRICT XX9L23547        0    290700 SH       DEFINED    01         290700        0        0
MAY DEPT STORES GUAR SER A       CBOND    XX9L23206    28937  26846350 SH       DEFINED    01       26846350        0        0
COAST DIVERSIFIED FUND LLC       MFOTNLGV XX9L23257        0    347826 SH       DEFINED    01         347826        0        0
WALTER INDUSTRIES INC RSTD       RESTRICT XX9L24644    22028   2842435 SH       DEFINED    01        2842435        0        0
LITTLE WING LP RESTRICTED        RESTRICT XX9L24677        0     11356 SH       DEFINED    01          11356        0        0
R2 FUNDING LTD                   COMMON   XX9L24756        0     15000 SH       DEFINED    01          15000        0        0
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MEDLOGIC GLOBAL CORP             RESTRICT XX9L24870        0     25000 SH       DEFINED    01          25000        0        0
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ADVANCED MEDICINE INC            RESTRICT XX9L25042        0    933366 SH       DEFINED    01         933366        0        0
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NOEL GROUP INC                   RESTRICT XX9L25327      459    565395 SH       DEFINED    01         565395        0        0
ON ASSIGNMENT                    RESTRICT XX9L25873      715     15908 SH       DEFINED    01              0        0    15908
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ML (BERMUDA) LIMITED             RESTRICT XX9L26020        0   8282415 SH       DEFINED    01        8282415        0        0
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CRITICAL PATH INC-RSTD           RESTRICT XX9L26430        0     68182 SH       DEFINED    01              0        0    68182
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MAKER COMMUNICATIONS OLD RSTD    RESTRICT XX9L26818     1156     19999 SH       DEFINED    01              0        0    19999
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OPTICAL NETWORKS INCORPORATED    RESTRICT XX9L27102        0   1506850 SH       DEFINED    01        1506850        0        0
REGENERATION TECHNOLOGIES INC    RESTRICT XX9L27103        0     44572 SH       DEFINED    01          44572        0        0
PEMSTAR INC SERIES A PRF RSTD    RESTRICT XX9L27104        0    520160 SH       DEFINED    01         520160        0        0
SENSAR INC SERIES D CONV PRF     RESTRICT XX9L27105    81046   1738254 SH       DEFINED    01        1738254        0        0
RESONATE INC SER D PFD STK       RESTRICT XX9L27114        0    270270 SH       DEFINED    01         270270        0        0
PLAINS RESOURCES INC RSTD STK    RESTRICT XX9L27248        0    750000 SH       DEFINED    01         750000        0        0
FIREPOND INCORPORATED            RESTRICT XX9L27261        0   1322752 SH       DEFINED    01        1322752        0        0
WTS COYOTE SPORTS INCORPORATED   RESTRICT XX9L27296        2     35000 SH       DEFINED    01          35000        0        0
EXTENSITY INC                    RESTRICT XX9L27336        0    166667 SH       DEFINED    01         166667        0        0
ACTIVE SOFTWARE INC              RESTRICT XX9L27437   126803   1993479 SH       DEFINED    01        1993479        0        0
RIGHTWORKS CORPORATION SER H     RESTRICT XX9L27523        0   1288851 SH       DEFINED    01        1288851        0        0
PEMSTAR INC SER B PREF           RESTRICT XX9L27527        0    673312 SH       DEFINED    01         673312        0        0
PEMSTAR INC COM STK              RESTRICT XX9L27528        0    100000 SH       DEFINED    01         100000        0        0
COYOTE SPORTS INC                RESTRICT XX9L27548       16    246464 SH       DEFINED    01         246464        0        0
CORIO INC SERIES C PREFERRED     RESTRICT XX9L27621        0    318602 SH       DEFINED    01         318602        0        0
IMX, INCORPORATED                COMMON   XX9L27678        0   1657626 SH       DEFINED    01        1657626        0        0
L-3 COMMUNICATIONS HOLDINGS      RESTRICT XX9L27794        0   1274081 SH       DEFINED    01        1274081        0        0
ADAUCTION.COM INCORPORATED       RESTRICT XX9L27796        0    591094 SH       DEFINED    01         591094        0        0
NYFIX INCORPORATED               RESTRICT XX9L27818        0    187500 SH       DEFINED    01         187500        0        0
PABST BREWING COMPANY            CBOND    XX9L27351    34643  43036000 SH       DEFINED    01       43036000        0        0
ANGLIAN WATER                    CBOND    XX9L27469    44674  50000000 SH       DEFINED    01       50000000        0        0
HARNISCHFEGER INDUSTRIES INC     CBOND    XX9L27963     1428   3400000 SH       DEFINED    01        3400000        0        0
PUT E/P SPX @ 1133.31            OPTOEQTY XX9L27361    50577     33750     PUT  DEFINED    01          33750        0        0
PUT E/P SPX @ 959.98             OPTOEQTY XX9L27363    50577     33750     PUT  DEFINED    01          33750        0        0
CALL E/C SPX @ 1643.30           OPTOEQTY XX9L27364    50577     33750     PUT  DEFINED    01          33750        0        0
CALL E/C SPX @ 1500              OPTOEQTY XX9L27870    52450     35000     CAL  DEFINED    01          35000        0        0
PUT E/P SPX @ 1100               OPTOEQTY XX9L27871    52450     35000     PUT  DEFINED    01          35000        0        0
CALL E/C SPX @ 1600              OPTOEQTY XX9L27873    29971     20000     CAL  DEFINED    01          20000        0        0
PUT E/P SPX @ 1100               OPTOEQTY XX9L27874    29971     20000     PUT  DEFINED    01          20000        0        0
PUT E/P SPX @ 1423               OPTOEQTY XX9L27875    29971     20000     PUT  DEFINED    01          20000        0        0
MYPOINTS.COM INC                 RESTRICT XX9L28036      276     10304 SH       DEFINED    01              0        0    10304
INTELLIPOST CORPORATION          RESTRICT XX9L28038        0     41262 SH       DEFINED    01              0        0    41262
THERASENSE INC SER C PFD         RESTRICT XX9L28407        0   1656728 SH       DEFINED    01        1656728        0        0
ENNOVATE NETWORKS INC SERIES D   RESTRICT XX9L28424        0    713594 SH       DEFINED    01         713594        0        0
PHYSICIANS HEALTH ALLIANCE INC   RESTRICT XX9L28459        0    603502 SH       DEFINED    01         603502        0        0
IAM.COM INC (F/K/A WHYNOT-.COM   RESTRICT XX9L28484        0   1647847 SH       DEFINED    01        1647847        0        0
IAM.COM INC SERIES C PREFERED    RESTRICT XX9L28485        0    828364 SH       DEFINED    01         828364        0        0
OMNICELL.COM                     RESTRICT XX9L28569        0    162600 SH       DEFINED    01         162600        0        0
NEUVIS INC                       RESTRICT XX9L28587        0    462632 SH       DEFINED    01         462632        0        0
IMX EXCHANGE INC.                RESTRICT XX9L28613        0    178989 SH       DEFINED    01         178989        0        0
LEGG MASON CAP MTGE CORP LEASE   CBOND    XX9L28490      499    998467 SH       DEFINED    01         998467        0        0
MANUFACTURERS HANOVER TRUST      CBOND    XX9L28491     1480   1463889 SH       DEFINED    01        1463889        0        0
PUT E/P SPX @ STRIKE 750         OPTOEQTY XX9L28278  1333736    890000     PUT  DEFINED    01         890000        0        0
PUT E/P SPX @ STRIKE 955         OPTOEQTY XX9L28279   749290    500000     PUT  DEFINED    01         500000        0        0
PUT E/P SPX @ 950                OPTOEQTY XX9L28289   584446    390000     PUT  DEFINED    01         390000        0        0
PUT SPX E/P @ STRIKE 825         OPTOEQTY XX9L28385   299716    200000     PUT  DEFINED    01         200000        0        0
PUT SPX E/P @ STRIKE 1025        OPTOEQTY XX9L28386   299716    200000     PUT  DEFINED    01         200000        0        0
PUT E/P SPX @ 800                OPTOEQTY XX9L28392    26225     17500     PUT  DEFINED    01          17500        0        0
PUT E/P SPX @ 995                OPTOEQTY XX9L28393    26225     17500     PUT  DEFINED    01          17500        0        0
CALL E/C DRG @ STRIKE 327.55     OPTOEQTY XX9L28469    53324    153500     PUT  DEFINED    01         153500        0        0
PUT E/P DRG @ STRIKE 327.55      OPTOEQTY XX9L28470        0    153500     PUT  DEFINED    01         153500        0        0
CALL E/C NDX @ 4800              OPTOEQTY XX9L28487     2544      1200     CAL  DEFINED    01           1200        0        0
CALL E/C XOI @448.77             OPTOEQTY XX9L28510    10541     21000     CAL  DEFINED    01          21000        0        0
PUT E/P XOI @448.77              OPTOEQTY XX9L28511    10541     21000     PUT  DEFINED    01          21000        0        0
CALL E/C XOI @471.75             OPTOEQTY XX9L28512    10541     21000     CAL  DEFINED    01          21000        0        0
PUT E/P XOI @471.75              OPTOEQTY XX9L28513    10541     21000     PUT  DEFINED    01          21000        0        0
CALL E/C DJT @2332.70            OPTOEQTY XX9L28514      137     43000     CAL  DEFINED    01          43000        0        0
PUT E/P DJT @2332.70             OPTOEQTY XX9L28515      137     43000     PUT  DEFINED    01          43000        0        0
CALL E/C DJT @2270.90            OPTOEQTY XX9L28516      137     43000     CAL  DEFINED    01          43000        0        0
PUT E/P DJT @2270.90             OPTOEQTY XX9L28517      137     43000     PUT  DEFINED    01          43000        0        0
CALL E/C DRG @318.91             OPTOEQTY XX9L28518    27443     79000     CAL  DEFINED    01          79000        0        0
PUT E/P DRG @318.91              OPTOEQTY XX9L28519    27443     79000     PUT  DEFINED    01          79000        0        0
CALL E/C RUY @ STRIKE 455        OPTOEQTY XX9L28528        0    315900     CAL  DEFINED    01         315900        0        0
PUT E/P RUY @ STRIKE 455         OPTOEQTY XX9L28529        0    315900     PUT  DEFINED    01         315900        0        0
CALL E/C CMR @ STRIKE 490        OPTOEQTY XX9L28530    25738     52300     CAL  DEFINED    01          52300        0        0
PUT E/P CMR @ STRIKE 490         OPTOEQTY XX9L28531    25738     52300     PUT  DEFINED    01          52300        0        0
CALL E/C SPX @ 1600              OPTOEQTY XX9L28578    14985     10000     CAL  DEFINED    01          10000        0        0
NO MORE EXTENSIONS               PAPERS   XX9009047        0   1218487 SH       DEFINED    01        1218487        0        0
THIS ACCOUNT IS GUARANTEED       COMMON   XX9009109        0    214199 SH       DEFINED    01              0        0   214199
GUARANTEES ANOTHER ACCOUNT       COMMON   XX9009118        0    152498 SH       DEFINED    01              0        0   152498
DAY TRADE #1                     COMMON   XX9051163        0    597187 SH       DEFINED    01              0        0   597187
DAY TRADE #1                     COMMON   XX9051163        0     81196 SH       DEFINED    01          81196        0        0
DAY TRADE #2                     COMMON   XX9051164        0    259395 SH       DEFINED    01              0        0   259395
DAY TRADE #2                     COMMON   XX9051164        0     40800 SH       DEFINED    01          40800        0        0
DAY TRADE #3                     COMMON   XX9051165        0     32299 SH       DEFINED    01              0        0    32299
DAY TRADE #3                     COMMON   XX9051165        0    266889 SH       DEFINED    01         266889        0        0
PATTERN DAYTRADER                COMMON   XX9051781        0     71399 SH       DEFINED    01              0        0    71399
PATTERN DAYTRADER                COMMON   XX9051781        0     55598 SH       DEFINED    01          55598        0        0
DATAWORLD SOLUTIONS INC RSTD     COMMON   XX9300055        0    139102 SH       DEFINED    01              0        0   139102
ADVANCED MEDICINE INC SER C      RESTRICT XX9300453        0    462185 SH       DEFINED    01         462185        0        0
DISCOVERY ZONE INC RSTD          RESTRICT XX9300687        5     50000 SH       DEFINED    01          50000        0        0
INTELLIGENT MEDICAL IMAGING      RESTRICT XX9301309        0     25000 SH       DEFINED    01          25000        0        0
WTS INTERDIGITAL COMMUNICATION   RESTRICT XX9301773     9784    387500 SH       DEFINED    01         387500        0        0
ELAN CORP PLC ADR RSTD           RESTRICT XX9302032     2247     47316 SH       DEFINED    01          47316        0        0
LIGAND PHARMACEUTICALS INC       RESTRICT XX9302714        0     13578 SH       DEFINED    01          13578        0        0
QUALCOMM INC RESTRICTED          RESTRICT XX9303157   906625   6072000 SH       DEFINED    01              0        0  6072000
SCOTGEN BIOPHARMACEUTICALS INC   RESTRICT XX9303186        0     12500 SH       DEFINED    01          12500        0        0
MICREL INC RSTD                  RESTRICT XX9303603        0    252000 SH       DEFINED    01              0        0   252000
WATSON PHARMACEUTICALS RSTD      RESTRICT XX9304351     1585     39945 SH       DEFINED    01              0        0    39945
VITESSE SEMICONDUCTOR CORP       RESTRICT XX9304733     5797     60235 SH       DEFINED    01              0        0    60235
ACAT REJECTION NOTICE SENT       COMMON   XX9306500        0    122199 SH       DEFINED    01              0        0   122199
MICROTEL INTERNATIONAL INC NEW   COMMON   XX9380022        0     15966 SH       DEFINED    01              0        0    15966
SPANISH BROADCASTING SYSTEM      RESTRICT XX9381186    27386   1167700 SH       DEFINED    01        1167700        0        0
TREGA BIOSCIENCES INC -RSTD-     COMMON   XX9381554        0     12121 SH       DEFINED    01          12121        0        0
WTS INSIGNIA FINANCIAL GROUP     WARRANT  XX9381719      297    148894 SH       DEFINED    01         148894        0        0
FUNDS IN ADVANCE OF TRADING      PAPERS   XX9997345        0     31001 SH       DEFINED    01              0        0    31001
EXCESIVE LIQUIDATIONS*********   PAPERS   XX9997407        0     81701 SH       DEFINED    01              0        0    81701
EXCESIVE LIQUIDATIONS*********   PAPERS   XX9997407        0     22201 SH       DEFINED    01          22201        0        0
LIQUIDATION #1                   PAPERS   XX9997871        0   1125303 SH       DEFINED    01              0        0  1125303
LIQUIDATION #1                   PAPERS   XX9997871        0    102799 SH       DEFINED    01         102799        0        0
LIQUIDATIONS #2                  PAPERS   XX9997880        0    128400 SH       DEFINED    01              0        0   128400
LIQUIDATIONS #2                  PAPERS   XX9997880        0    110299 SH       DEFINED    01         110299        0        0
***BANGKOK BANK PUBLIC CO        CFGNCNV  Y0606RAA9        0   1250000 SH       DEFINED    01              0        0  1250000
***CITIC PACIFIC LTD NEW         COMMON   Y1639J116       96     16000 SH       DEFINED    01              0        0    16000
***CREATIVE TECHNOLOGY LTD-ORD   ADR      Y1775U107      272      8598 SH       DEFINED    01           8598        0        0
***FLEXTRONICS INTERNATIONAL     COMMON   Y2573F102     2355     33441 SH       DEFINED    01          33441        0        0
***KOREA THRUNET CO. LTD         COMMON   Y49975108      821     21247 SH       DEFINED    01          21247        0        0
***PACIFIC CENTURY CYBERWORKS    COMMON   Y6801N100      705    302000 SH       DEFINED    01              0        0   302000
***PTTEP INTERNATIONAL LTD       CFGN     Y7148EAA8      474    500000 SH       DEFINED    01         500000        0        0
***SUN HUNG KAI PROPERTIES LTD   COMMON   Y82594121      190     22000 SH       DEFINED    01              0        0    22000
***THAI FARMERS BANK PUBLIC CO   COMMON   Y86219105       76     11000 SH       DEFINED    01              0        0    11000
***UNITED ENGINEERS BERHAD       COMMON   Y9190H114       28     10000 SH       DEFINED    01              0        0    10000
AAR CORP                         COMMON   000361105     1147     68765 SH       DEFINED    01          68765        0        0
ABN-AMRO BK NV-NY BRANCH         MEDNOTE  00077DAF6      502    500000 SH       DEFINED    01         500000        0        0
ADC TELECOMMUNICATIONS INC       COMMON   000886101     3163     58723 SH       DEFINED    01          58723        0        0
**ACM INSTITUTIONAL RESERVES     MFOTLDEQ 000929406       19     19040 SH       DEFINED    01              0        0    19040
**ACM INSTITUTIONAL RESERVES     MFOTLDEQ 000929406      164    164442 SH       DEFINED    01         164442        0        0
AES RED OAK LLC                  CBOND    00103YAA9    15000  15000000 SH       DEFINED    01       15000000        0        0
AES CORP                         COMMON   00130H105      622      7908 SH       DEFINED    01           7908        0        0
PUT  AES CORP     AUG 070 ****   OPTLEQTY 00130H9T4     1181     15000     PUT  DEFINED    01          15000        0        0
AMB PROPERTY CORP                REIT     00163T109     4349    202300 SH       DEFINED    01         202300        0        0
AMC ENTMT INC                    CBOND    001669AK6     1300   2550000 SH       DEFINED    01        2550000        0        0
AMFM INC                         COMMON   001693100    13978    225000 SH       DEFINED    01         225000        0        0
AMFM OPER INC                    CBOND    001694AA6     3535   3128600 SH       DEFINED    01        3128600        0        0
AMR CORP DEBS                    CBOND    001765AU0     2110   2000000 SH       DEFINED    01        2000000        0        0
ARM FINL GROUP INC               PREFERED 001944404     4575    200000 SH       DEFINED    01         200000        0        0
A T & T CORP                     CEURO    001957AW9    19561  22500000 SH       DEFINED    01       22500000        0        0
AT&T CORP                        COMMON   001957109     6458    114816 SH       DEFINED    01              0        0   114816
AT&T CORP                        COMMON   001957109    24702    439156 SH       DEFINED    01         439156        0        0
AT&T CORP LIBERTY MEDIA GROUP    COMMON   001957208    10031    169300 SH       DEFINED    01         169300        0        0
AT&T CORP NOTES                  CBOND    001957AS8     4975   5000000 SH       DEFINED    01        5000000        0        0
CALL AT&T CORP    APR 055 CBOE   OPTLEQTY 0019579D3     2812     50000     CAL  DEFINED    01          50000        0        0
CALL AT&T CORP    JUL 055 CBOE   OPTLEQTY 0019579G6     5625    100000     CAL  DEFINED    01         100000        0        0
PUT  AT&T CORP    APR 050 CBOE   OPTLEQTY 0019579P6     5625    100000     PUT  DEFINED    01         100000        0        0
PUT  AT&T CORP    JUL 050 CBOE   OPTLEQTY 0019579S0     5625    100000     PUT  DEFINED    01         100000        0        0
APS INC                          CBOND    002030AC8     1398  15535000 SH       DEFINED    01       15535000        0        0
A T & T CAP CORP                 MEDNOTE  00206HH72      311    325000 SH       DEFINED    01         325000        0        0
A T & T CAP CORP                 MEDNOTE  00206HL36     4849   5000000 SH       DEFINED    01        5000000        0        0
A T & E CORP                     COMMON   002062107        4    135963 SH       DEFINED    01         135963        0        0
ABBOTT LABORATORIES              COMMON   002824100     1675     47625 SH       DEFINED    01          47625        0        0
PUT  ABBOTT LABS  MAY 32.5PBW    OPTLEQTY 0028249Q5     2526     71800     PUT  DEFINED    01          71800        0        0
ABBEY NATL CAP TR I              CEURO    002927AA9    31017  30465000 SH       DEFINED    01       30465000        0        0
ABILENE TEX HLTH FACS DEV CORP   MUNI     003450BM4   300000   3000000 SH       DEFINED    01              0        0  3000000
ABN AMRO NORTH AMERICA INC       PREFERED 003714102     2231     23000 SH       DEFINED    01          23000        0        0
ABN AMRO NORTH AMER INC-6.075%   PREFERED 003714870      453      4500 SH       DEFINED    01           4500        0        0
ACACIA RESEARCH CORP             COMMON   003881109     3649     85500 SH       DEFINED    01              0        0    85500
ACCESS HEALTHNET INC NEW         COMMON   004315305        0     19030 SH       DEFINED    01          19030        0        0
ACTIVE SOFTWARE INC              COMMON   00504E100      572      9000 SH       DEFINED    01              0        0     9000
ADAPTEC INC                      COMMON   00651F108      532     13778 SH       DEFINED    01          13778        0        0
ADELPHIA COMMUNICATIONS CORP     CBOND    006848AS4     3465   3500000 SH       DEFINED    01        3500000        0        0
ADELPHIA COMMUNICATIONS CORP     CBOND    006848BC8     2295   2700000 SH       DEFINED    01        2700000        0        0
ADELPHIA COMMUNICATIONS CORP     CBOND    006848BD6       17     20000 SH       DEFINED    01          20000        0        0
***ADELPHIA COMMUNICATIONS CP    CBOND    006848BE4     2812   3000000 SH       DEFINED    01        3000000        0        0
ADELPHIA COMMUNICATIONS CORP     PREFCONV 006848402     2359     15500 SH       DEFINED    01          15500        0        0
ADELPHIA COMMUNICATIONS CORP     CLASS    006848105      895     18280 SH       DEFINED    01          18280        0        0
ADOBE SYSTEMS INC                COMMON   00724F101     2089     18772 SH       DEFINED    01          18772        0        0
ADTEC INC                        COMMON   00738C102        0     16947 SH       DEFINED    01          16947        0        0
ADVANCED FIBRE COMMUNICATIONS    COMMON   00754A105      658     10500 SH       DEFINED    01              0        0    10500
ADVANCED FIBRE COMMUNICATIONS    COMMON   00754A105      901     14377 SH       DEFINED    01          14377        0        0
ADVANTICA RESTAURANT GROUP INC   CBOND    00758BAA7       17     26655 SH       DEFINED    01          26655        0        0
AERO SYSTEMS INC                 COMMON   007698103        3     60405 SH       DEFINED    01          60405        0        0
ADVANCED MICRO DEVICES INC       COMMON   007903107     5927    103881 SH       DEFINED    01         103881        0        0
ADVANCED ENERGY INDUSTRIES INC   COMMON   007973100      295      5803 SH       DEFINED    01           5803        0        0
ADVANCED DETECTORS INC           COMMON   007977101        0     33530 SH       DEFINED    01          33530        0        0
AETNA INC                        COMMON   008117103     1460     26224 SH       DEFINED    01          26224        0        0
AFFILIATED BANC CORP             COMMON   008179103        0     83181 SH       DEFINED    01          83181        0        0
AFFYMETRIX INC                   COMMON   00826T108     1742     11739 SH       DEFINED    01          11739        0        0
***AFFYMETRIX INC                CFGNCNV  00826TAA6     7211   5505000 SH       DEFINED    01        5505000        0        0
AFFYMETRIX INC                   CBONDCNV 00826TAC2     2934   4300000 SH       DEFINED    01        4300000        0        0
AFRICAN DEV BK SUB NT            CBOND    008281AH0     1005   1000000 SH       DEFINED    01        1000000        0        0
AFRICAN DEV BANK                 CBOND    008281AL1     6117   6440000 SH       DEFINED    01        6440000        0        0
AGENCY STRIPS FNMA DEBS SER 1    GOVAGNCY 008452CH5        4     13000 SH       DEFINED    01          13000        0        0
AGILE SOFTWARE CORP DEL          COMMON   00846X105      781     12500 SH       DEFINED    01          12500        0        0
AGRIBIOTECH INC-NEV              COMMON   008494106        1     12069 SH       DEFINED    01          12069        0        0
AIR 2 US                         CBOND    00922KAC4     3755   3500000 SH       DEFINED    01        3500000        0        0
AIRCRAFT FIN TR                  CBOND    009341AE8     3817   3800000 SH       DEFINED    01        3800000        0        0
AIRTRAN HOLDINGS INC             COMMON   00949P108      154     35000 SH       DEFINED    01          35000        0        0
AKAMAI TECHNOLOGIES INC          COMMON   00971T101     1893     11774 SH       DEFINED    01          11774        0        0
ALABAMA HSG FIN AUTH SGL FAM     MUNICIPL 010308A61      215    210000 SH       DEFINED    01              0        0   210000
ALABAMA HFA SFMR-PROG SER B-2    MUNICIPL 010308A61        0     10000 SH       DEFINED    01              0        0    10000
ALABAMA HSG FIN AUTH SFMR        MUNICIPL 010308K37      249    245000 SH       DEFINED    01              0        0   245000
ALABAMA HSG FIN AUTH SFMR        MUNICIPL 010308L44        0     20000 SH       DEFINED    01              0        0    20000
ALABAMA POWER CO                 PREFERED 010392595    21388   1024600 SH       DEFINED    01        1024600        0        0
ALABAMA ST IDA SOLID WSTE DISP   MUNICIPL 010586AC9     3192   3345000 SH       DEFINED    01        3345000        0        0
ALABAMA ST PUB SCH & COLLEGE     MUNICIPL 010608TQ0    29859  30500000 SH       DEFINED    01       30500000        0        0
ALAMEDA CNTY CALIF IDA INDL RV   MUNIFLT  011106AJ0      250    250000 SH       DEFINED    01         250000        0        0
ALASKA INDL DEV & EXPT AUTH      MUNIFLT  011710AY6       50     50000 SH       DEFINED    01              0        0    50000
ALASKA INDL DEV & EXPT AUTH      MUNIFLT  011710AY6       10     10000 SH       DEFINED    01          10000        0        0
ALASKA INDL DEV&EXPT AU SER A    MUNIFLT  011710BE9       15     15000 SH       DEFINED    01          15000        0        0
ALASKA ST G/O HSG FIN CORP       MUNICIPL 011831QM9      350    350000 SH       DEFINED    01              0        0   350000
ALASKA ST HSG FIN CORP RI-TRS    MUNIFLT  011831Y24       96    100000 SH       DEFINED    01         100000        0        0
ALASKA HOUSING FINANCE CORP      MUNICIPL 0118317V0       99    100000 SH       DEFINED    01              0        0   100000
ALASKA ST HSG FIN CORP           MUNIRIB  011832AB8      100    100000 SH       DEFINED    01         100000        0        0
ALASKA ST HSG FIN CORP REG       MUNIRIB  011832AF9        0   1380000 SH       DEFINED    01        1380000        0        0
ALBANY CNTY N Y ARPT AUTH ARPT   MUNIFLT  012123AV7      101    100000 SH       DEFINED    01         100000        0        0
ALBERTA ENERGY COMPANY LTD       PREFERED 012873808     1564     64500 SH       DEFINED    01          64500        0        0
ALBERTSONS INC                   COMMON   013104104     1211     39096 SH       DEFINED    01          39096        0        0
***ALCAN ALUMINIUM LTD           COMMON   013716105    12043    355529 SH       DEFINED    01         355529        0        0
ALCOA INC                        COMMON   013817101     1012     14419 SH       DEFINED    01          14419        0        0
CALL ALCOA INC    APR 075 CBOE   OPTLEQTY 0138179D5     2493     35500     CAL  DEFINED    01          35500        0        0
PUT  ALCOA INC    APR 075 CBOE   OPTLEQTY 0138179P8     1124     16000     PUT  DEFINED    01          16000        0        0
***ALCATEL - SPONSORED ADR       ADR      013904305   175530   4006395 SH       DEFINED    01        4006395        0        0
ALGOREX CORP                     COMMON   015867104       10     34502 SH       DEFINED    01          34502        0        0
ALLEGHENY ENERGY INC             COMMON   017361106      203      7394 SH       DEFINED    01           7394        0        0
ALLERION INC                     COMMON   01849X100       85    341800 SH       DEFINED    01         341800        0        0
ALLFIRST PFD CAPITAL TRUST       CBOND    01852FAC7     2948   3000000 SH       DEFINED    01        3000000        0        0
ALLIANCE RESOURCE PARTNERS L P   COMMON   01877R108      190     15000 SH       DEFINED    01              0        0    15000
ALLIANT ASSURANCE LTD            PREFERED 01879P209        0     20000 SH       DEFINED    01          20000        0        0
ALLICO CORP                      COMMON   018836106        0     71428 SH       DEFINED    01          71428        0        0
ALLIED WASTE NORTH AMERICA INC   CBOND    01958XAK3     1282   1500000 SH       DEFINED    01        1500000        0        0
ALLIED WASTE NOTRTH AMERICA      CBOND    01958XAL1      205    250000 SH       DEFINED    01         250000        0        0
ALLIED WASTE NOTRTH AMERICA      CBOND    01958XAM9      397    500000 SH       DEFINED    01         500000        0        0
ALLSTATE CORP                    COMMON   020002101     1055     44322 SH       DEFINED    01          44322        0        0
CALL ALLSTATE CP  APR 025 ****   OPTLEQTY 0200029D5      642     27000     CAL  DEFINED    01          27000        0        0
PUT  ALLSTATE CP  JUL 025 ****   OPTLEQTY 0200029S2      595     25000     PUT  DEFINED    01          25000        0        0
ALLTEL CORP                      COMMON   020039103      461      7319 SH       DEFINED    01           7319        0        0
ALLTEL CORP                      CBOND    020039AF0     1989   2000000 SH       DEFINED    01        2000000        0        0
ALPHA TECHNOLOGIES GROUP INC     COMMON   020781100     2466    334393 SH       DEFINED    01              0        0   334393
ALPHARMA INC-CL A                COMMON   020813101      402     10944 SH       DEFINED    01          10944        0        0
ALPHA 1 BIOMEDICAL INC           COMMON   020910105        9     59230 SH       DEFINED    01          59230        0        0
ALTAMONTE SPRINGS FL HLTH FACS   MUNICIPL 021433AM9      302    260000 SH       DEFINED    01              0        0   260000
ALTERA CORP                      COMMON   021441100     7730     86615 SH       DEFINED    01          86615        0        0
PUT  ALTERA CORP  JUN 065 ****   OPTLEQTY 0214419R3     2677     30000     PUT  DEFINED    01          30000        0        0
ALTEON WEBSYSTEMS INC            COMMON   02145A109     1868     22782 SH       DEFINED    01          22782        0        0
ALTUS BANK-A FEDERAL SVGS BANK   COMMON   022145106        0    101098 SH       DEFINED    01         101098        0        0
CALL AMAZON COM   JAN 075 ****   OPTLEQTY 02313M9A9      335      5000     CAL  DEFINED    01           5000        0        0
PUT  AMAZON COM   JAN 075 ****   OPTLEQTY 02313M9M3     4690     70000     PUT  DEFINED    01          70000        0        0
AMAZON.COM INC                   COMMON   023135106     4400     65678 SH       DEFINED    01          65678        0        0
AMBAC FINANCIAL GROUP INC        COMMON   023139108      246      4885 SH       DEFINED    01           4885        0        0
AMBERS STORES INC                COMMON   023187107        0     72000 SH       DEFINED    01          72000        0        0
AMERADA HESS CORP                COMMON   023551104      206      3202 SH       DEFINED    01           3202        0        0
AMERICA ONLINE INC-DEL           COMMON   02364J104     4072     60554 SH       DEFINED    01              0        0    60554
AMERICA ONLINE INC-DEL           COMMON   02364J104     7681    114225 SH       DEFINED    01         114225        0        0
CALL AMER ONLINE  JAN 050 ****   OPTLEQTY 02364K9A1      336      5000     CAL  DEFINED    01           5000        0        0
AMERICAN AIRLINES ASTBK/SERIES   CBOND    02378JAA6     1168   1100000 SH       DEFINED    01        1100000        0        0
AMERICAN CAPITAL CORP            COMMON   024898108        1     24100 SH       DEFINED    01          24100        0        0
AMERICAN COMPLEX CARE INC NEW    COMMON   025207309        1     90800 SH       DEFINED    01          90800        0        0
AMERICAN ELECTRIC POWER CO INC   COMMON   025537101      330     11087 SH       DEFINED    01          11087        0        0
CALL AM ELEC PWR  MAY 030 CBOE   OPTLEQTY 0255379E3      596     20000     CAL  DEFINED    01          20000        0        0
PUT  AMERN EXPRES JAN 120 AMEX   OPTLEQTY 02581K9M2     2978     20000     PUT  DEFINED    01          20000        0        0
AMERICAN EXPRESS COMPANY         COMMON   025816109      446      3000 SH       DEFINED    01              0        0     3000
AMERICAN EXPRESS COMPANY         COMMON   025816109      866      5815 SH       DEFINED    01           5815        0        0
CALL AMERN EXPRES APR 145 ****   OPTLEQTY 0258169D3     1489     10000     CAL  DEFINED    01          10000        0        0
AMERICAN GENERAL FINL CORP       CBOND    02635KBG8     1224   1225000 SH       DEFINED    01        1225000        0        0
AMERICAN GEN FIN CORP SR NT      CBOND    02635KBL7      969   1000000 SH       DEFINED    01        1000000        0        0
AMERICAN GENERAL CORP            COMMON   026351106      279      4983 SH       DEFINED    01           4983        0        0
CALL AMERN GEN CP JUL 070 CBOE   OPTLEQTY 0263519G3     3681     65600     CAL  DEFINED    01          65600        0        0
AMERICAN GENERAL INSTL CAP B     PFDTRUST 02637XAA2      152    160000 SH       DEFINED    01         160000        0        0
AMERICAN HOME PRODUCTS CORP      COMMON   026609107      485      9050 SH       DEFINED    01              0        0     9050
AMERICAN HOME PRODUCTS CORP      COMMON   026609107     5987    111646 SH       DEFINED    01         111646        0        0
CALL AM HOME PROD APR 045 AMEX   OPTLEQTY 0266099D1      804     15000     CAL  DEFINED    01          15000        0        0
PUT  AM HOME PROD APR 040 AMEX   OPTLEQTY 0266099P4     1072     20000     PUT  DEFINED    01          20000        0        0
PUT  AM HOME PROD APR 045 AMEX   OPTLEQTY 0266099P4     5362    100000     PUT  DEFINED    01         100000        0        0
AMERICAN INTEGRITY CORP          COMMON   026863100       36    146811 SH       DEFINED    01         146811        0        0
AMERICAN INTERNATIONAL GROUP     COMMON   026874107     1824     16665 SH       DEFINED    01          16665        0        0
PUT  AMER INTL GP APR 090 ****   OPTLEQTY 0268749P4     1292     11800     PUT  DEFINED    01          11800        0        0
PUT  AMER INTL GP APR 100 ****   OPTLEQTY 0268749P4      547      5000     PUT  DEFINED    01           5000        0        0
CALL AMER INTL GP JAN 080 CBOE   OPTLEQTY 0269279A3     8212     75000     CAL  DEFINED    01          75000        0        0
PUT  AMER INTL GP JAN 080 CBOE   OPTLEQTY 0269279M7    15187    138700     PUT  DEFINED    01         138700        0        0
AMERICAN POWER CONVERSION CORP   COMMON   029066107     2226     51921 SH       DEFINED    01          51921        0        0
AMERICAN RE CAPITAL-8.50% CUM    PREFERED 029162203     3917    167600 SH       DEFINED    01         167600        0        0
AMERICAN RE CORP                 CBOND    029163AD4      172    183000 SH       DEFINED    01         183000        0        0
AMERICAN SAVINGS BANK FSB NY     COMMON   029404100        0     95000 SH       DEFINED    01          95000        0        0
***AMERICAN SENSORS INC          COMMON   029579109        0     14715 SH       DEFINED    01          14715        0        0
AMERICAN TOWER CORP              CBONDCNV 029912AE2     1527   1370000 SH       DEFINED    01        1370000        0        0
CALL AT & T CORP  JAN 055 CBOE   OPTLEQTY 03018C9A7      393      7000     CAL  DEFINED    01              0        0     7000
CALL AT & T CORP  JAN 060 CBOE   OPTLEQTY 03018C9A7     1406     25000     CAL  DEFINED    01          25000        0        0
PUT  AT & T CORP  JAN 045 CBOE   OPTLEQTY 03018C9M1     1406     25000     PUT  DEFINED    01          25000        0        0
PUT  AT & T CORP  JAN 050 CBOE   OPTLEQTY 03018C9M1     1406     25000     PUT  DEFINED    01          25000        0        0
PUT  AT & T CORP  JAN 055 CBOE   OPTLEQTY 03018C9M1     7256    129000     PUT  DEFINED    01         129000        0        0
PUT  AT & T CORP  JAN 070 CBOE   OPTLEQTY 03018C9M1    14062    250000     PUT  DEFINED    01         250000        0        0
AMERIFIRST BANK FSB              COMMON   030700108        0     39141 SH       DEFINED    01          39141        0        0
AMERITRADE HOLDING CORP-CL A     COMMON   03072H109      681     32600 SH       DEFINED    01          32600        0        0
AMES DEPARTMENT STORES INC       CBOND    030789AM3     2926   3130000 SH       DEFINED    01        3130000        0        0
AMERITECH CAPITAL FUNDING CORP   CBOND    030955AH1      267    280000 SH       DEFINED    01         280000        0        0
AMERITECH FUNDING CORP           CBOND    030955AJ7     4737   5300000 SH       DEFINED    01        5300000        0        0
AMERITECH CAPITAL FUNDING CORP   CBOND    030955AK4      474    480000 SH       DEFINED    01         480000        0        0
AMGEN INC                        COMMON   031162100      589      9600 SH       DEFINED    01              0        0     9600
AMGEN INC                        COMMON   031162100    10575    172310 SH       DEFINED    01         172310        0        0
AMOSKEAG BANK SHARES INC         COMMON   031822109        0    179574 SH       DEFINED    01         179574        0        0
AMRESCO INC                      CBOND    031909AE4     3330   4500000 SH       DEFINED    01        4500000        0        0
AMPHENOL CORP                    CBOND    032094AD6       91     90000 SH       DEFINED    01          90000        0        0
ANADARKO PETROLEUM CORP          CBONDCNV 032511AP2     4441   8150000 SH       DEFINED    01        8150000        0        0
ANADARKO PETROLEUM CORP-DEP      PREFERED 032511305     6459     74242 SH       DEFINED    01          74242        0        0
ANALOG DEVICES INC               COMMON   032654105      757      9400 SH       DEFINED    01              0        0     9400
ANGELICA CORP                    COMMON   034663104      253     25500 SH       DEFINED    01          25500        0        0
ANHEUSER BUSCH COMPANIES INC     COMMON   035229103     2012     32330 SH       DEFINED    01          32330        0        0
CALL ANHEUSER B   JUN 065 PBW    OPTLEQTY 0352299F2    10613    170500     CAL  DEFINED    01         170500        0        0
ANTEC CORP                       CBONDCNV 03664PAB1     1921   1000000 SH       DEFINED    01        1000000        0        0
***ANTENNA TV SA SPONSORED ADR   ADR      03672N100      255     10921 SH       DEFINED    01          10921        0        0
***AO TORGOVY DOM GUM            ADR      037379104       89     17200 SH       DEFINED    01          17200        0        0
AON CAPITAL A                    PFDTRUST 037388AE5     9622  10120000 SH       DEFINED    01       10120000        0        0
APACHE CORP                      PREFERED 037411402     1325     15000 SH       DEFINED    01          15000        0        0
APARTMENT INVESTMENT &           REIT     03748R101    17346    454250 SH       DEFINED    01         454250        0        0
APOLLO GROUP INC-CL A            CLASS    037604105      443     15730 SH       DEFINED    01          15730        0        0
APPLE COMPUTER INC               COMMON   037833100     4858     35770 SH       DEFINED    01          35770        0        0
APPLIED FILMS CORP               COMMON   038197109     2500    125000 SH       DEFINED    01              0        0   125000
APPLIED MICRO CIRCUITS CORP      COMMON   03822W109     3891     25932 SH       DEFINED    01          25932        0        0
APPLIED MATERIALS INC            COMMON   038222105     1329     14104 SH       DEFINED    01              0        0    14104
APPLIED MATERIALS INC            COMMON   038222105     8761     92958 SH       DEFINED    01          92958        0        0
APPLING CNTY GA DEV AUTH         MUNICIPL 038315ED5      106    100000 SH       DEFINED    01              0        0   100000
AQUA-CHEM INC                    CBOND    038374AB0      440    800000 SH       DEFINED    01         800000        0        0
AQUANATURAL CO                   COMMON   03838P106        0     70086 SH       DEFINED    01          70086        0        0
ARADIGM CORP                     COMMON   038505103      480     23000 SH       DEFINED    01              0        0    23000
ARCADIA FINANCIAL LTD            COMMON   039101100     1416    283207 SH       DEFINED    01         283207        0        0
ARCH COMMUNICATIONS GROUP INC    CBOND    039381AB4     5592  10168000 SH       DEFINED    01       10168000        0        0
ARCHER-DANIELS-MIDLAND CO        COMMON   039483102      131     12628 SH       DEFINED    01          12628        0        0
ARCHSTONE CMNTYS TR SBI          REIT     039581103     2502    125500 SH       DEFINED    01         125500        0        0
ARDEN REALTY INC                 REIT     039793104     5705    273300 SH       DEFINED    01         273300        0        0
ARGOCY GAMING CO                 CBOND    040228AG3     7254   7165000 SH       DEFINED    01        7165000        0        0
ARIBA INC                        COMMON   04033V104     1027      4900 SH       DEFINED    01              0        0     4900
ARIBA INC                        COMMON   04033V104     6477     30900 SH       DEFINED    01          30900        0        0
ARIL GROUP INC                   COMMON   040394108        0    184912 SH       DEFINED    01         184912        0        0
ARIX CORP                        COMMON   040453102       21    191168 SH       DEFINED    01         191168        0        0
ARIZONA EDL LN MARKETING CORP    MUNI     040504CU4    10000    100000 SH       DEFINED    01              0        0   100000
ARZONIA ST TRANSN BRD EXCISE     MUNICIPL 040649FQ3        9     10000 SH       DEFINED    01          10000        0        0
ARROW ELECTRONICS INC            COMMON   042735100      214      6092 SH       DEFINED    01           6092        0        0
CALL LUCENT TECH  JAN 050 ****   OPTLEQTY 0429229A4     1518     25000     CAL  DEFINED    01          25000        0        0
ARVIN INDUSTRIES INC             COMMON   043339100      546     24140 SH       DEFINED    01          24140        0        0
ASIAN DEV BANK NT                CFGN     045167AQ6       26     27000 SH       DEFINED    01          27000        0        0
ASPECT TELECOMMUNICATIONS CORP   CBONDCNV 045237AE4     2830   7400000 SH       DEFINED    01        7400000        0        0
ASPEN TECHNOLOGY INC             COMMON   045327103      526     13044 SH       DEFINED    01          13044        0        0
PUT  ASPEN TECHNO AUG 035 AMEX   OPTLEQTY 0453279T2      403     10000     PUT  DEFINED    01          10000        0        0
ASSISTED LIVING CONCEPTS INC     CBONDCNV 04543LAE9      928   1580000 SH       DEFINED    01        1580000        0        0
ASSISTED LIVING CONCEPTS INC     CBONDCNV 04543LAG4       42     70000 SH       DEFINED    01          70000        0        0
ASSOCIATES CORP N A              MEDNOTE  045906AM6      432    430000 SH       DEFINED    01         430000        0        0
ASSOCIATES CORP NORTH AMERICAN   MEDNOTE  045906DD3      174    170000 SH       DEFINED    01         170000        0        0
ASSOCIATES CORP NORTH AMERICA    MEDNOTE  045906HK3     3000   3000000 SH       DEFINED    01        3000000        0        0
ASSOCIATES CORP N A              MEDNOTE  045906HY3      326    330000 SH       DEFINED    01              0        0   330000
ASSOCIATES CORP NORTH AMERICA    MEDNOTE  045906MV3     1026   1050000 SH       DEFINED    01        1050000        0        0
ASSOCIATES CORP NORTH AMERICA    CBOND    045906EZ3      182    178000 SH       DEFINED    01         178000        0        0
AT HOME CORP-SER A               COMMON   045919107     4317    131082 SH       DEFINED    01              0        0   131082
AT HOME CORP-SER A               COMMON   045919107     2062     62629 SH       DEFINED    01          62629        0        0
ASSOCIATES CORP NORTH AMER       CFGN     046003JS9        9     10000 SH       DEFINED    01          10000        0        0
ASSOCIATES CORP NORTH AMER       CBOND    046003EQ8     1418   1500000 SH       DEFINED    01        1500000        0        0
ASSOCIATES CORP NORTH AMERICA    CBOND    046003FK0     1168   1200000 SH       DEFINED    01        1200000        0        0
***ASSOCIATES CRP NRTH AMERICA   CBOND    046003JU4      150    165000 SH       DEFINED    01         165000        0        0
ASSOCIATES FIRST CAPITAL CORP    COMMON   046008108      214     10000 SH       DEFINED    01              0        0    10000
ASSOCIATES FIRST CAPITAL CORP    COMMON   046008108      351     16385 SH       DEFINED    01          16385        0        0
ASTEC INDUSTRIES INC             COMMON   046224101      475     17900 SH       DEFINED    01          17900        0        0
ATLANTA GA ARPT FACS REV         MUNICIPL 047793DQ4       51     50000 SH       DEFINED    01              0        0    50000
ATLANTIC RICHFIELD CO            COMMON   048825103    39197    461146 SH       DEFINED    01         461146        0        0
PUT  AT RICHFIELD APR 070 CBOE   OPTLEQTY 0488259P0     1275     15000     PUT  DEFINED    01          15000        0        0
ATMEL CORP                       COMMON   049513104     2002     38796 SH       DEFINED    01          38796        0        0
ATRATECH INC NEW                 COMMON   049901309        0     13000 SH       DEFINED    01          13000        0        0
AUTOMATIC DATA PROCESSING INC    COMMON   053015103      948     19654 SH       DEFINED    01          19654        0        0
CALL AUTONATION   APR 17.5****   OPTLEQTY 05329W9D6      198     25000     CAL  DEFINED    01          25000        0        0
PUT  AUTONATION   APR 010 ****   OPTLEQTY 05329W9P9      611     77000     PUT  DEFINED    01          77000        0        0
AVALON CABLE HOLDINGS LLC        CBOND    053402AB9     7638  11935000 SH       DEFINED    01       11935000        0        0
***AVENTIS                       ADR      053561106      501      9287 SH       DEFINED    01           9287        0        0
AVERY DENNISON CORP              COMMON   053611109      278      4568 SH       DEFINED    01           4568        0        0
AVIATION SALES CO                COMMON   053672101      378     60000 SH       DEFINED    01          60000        0        0
AVIS RENT A CAR INC              COMMON   053790101      299     17021 SH       DEFINED    01          17021        0        0
AVIS RENT A CAR INC              CBOND    053790AC5     1111   1120000 SH       DEFINED    01        1120000        0        0
***AVON ENERGY PARTNERS HLDG     CFGN     054042AA4     5693   5875000 SH       DEFINED    01        5875000        0        0
CALL AVON PRODS   APR 030 CBOE   OPTLEQTY 0543039D6      659     22700     CAL  DEFINED    01          22700        0        0
***AXIOHM INC                    CFGN     054602AC1     5144  25723000 SH       DEFINED    01       25723000        0        0
AZTAR CORP                       COMMON   054802103      287     30300 SH       DEFINED    01          30300        0        0
BB&T CORP                        COMMON   054937107      303     10806 SH       DEFINED    01          10806        0        0
B & G FOODS INC                  CBOND    055088AC2     4526   5588000 SH       DEFINED    01        5588000        0        0
***BCE INC                       COMMON   05534B109   246628   1966144 SH       DEFINED    01        1966144        0        0
***BC PACIFIC CAPITAL CORP       COMMON   05535M104        3     24852 SH       DEFINED    01          24852        0        0
BISYS GROUP INC                  COMMON   055472104     1190     17900 SH       DEFINED    01          17900        0        0
BJS WHOLESALE CLUB INC           COMMON   05548J106      618     16007 SH       DEFINED    01          16007        0        0
BJ SERVICES CO                   COMMON   055482103      504      6835 SH       DEFINED    01           6835        0        0
***BP AMOCO P L C                ADR      055622104      543     10248 SH       DEFINED    01              0        0    10248
***BP AMOCO P L C                ADR      055622104    28467    536491 SH       DEFINED    01         536491        0        0
BP AMERICA GUARANTEED NOTES      CBOND    055625AJ6       25     25000 SH       DEFINED    01          25000        0        0
BRCH CORP                        MUNIFLT  05564NAA4       95     95000 SH       DEFINED    01          95000        0        0
BMC SOFTWARE INC                 COMMON   055921100     1539     31172 SH       DEFINED    01          31172        0        0
BAKER HUGHES INC                 COMMON   057224107      559     18503 SH       DEFINED    01          18503        0        0
BAKER J INC                      COMMON   057232100      530     75800 SH       DEFINED    01          75800        0        0
BALTIMORE GAS & ELECTRIC CO.     CBOND    059165CE8       23     25000 SH       DEFINED    01          25000        0        0
BALTIMORE GAS & ELECTRIC CO      PREFCUMU 059165688     1016     10000 SH       DEFINED    01          10000        0        0
BALTIMORE GAS & ELECTRIC CO      PREFERED 059165696    12030    116800 SH       DEFINED    01         116800        0        0
BALTIMORE GAS & ELECTRIC CO      PREFERED 059165761     9805     95900 SH       DEFINED    01          95900        0        0
***BANCO BILBAO VIZCAYA INTL     ADR      059456103     5999    236439 SH       DEFINED    01         236439        0        0
***BANCO DE GALICIA Y BUENOS     ADR      059538207      412     20392 SH       DEFINED    01          20392        0        0
***BANCO SUD AMERICANO SUB       CFGN     059647AA5     7941   8790000 SH       DEFINED    01        8790000        0        0
BANCOKLAHOMA CORP                COMMON   059680108        0     83424 SH       DEFINED    01          83424        0        0
BANESTO FINANCE LTD GTD SUB      CBOND    05987PAA8     5934   6065000 SH       DEFINED    01        6065000        0        0
BANGKO SENTRAL NG PILIPINAS      CEURO    059891AA9     1414   1780000 SH       DEFINED    01        1780000        0        0
BANGOR HYDRO-ELECTRIC CO         COMMON   060077104      592     34200 SH       DEFINED    01          34200        0        0
CALL BANK OF AMER JAN 075 ****   OPTLEQTY 0605029A1     1310     25000     CAL  DEFINED    01          25000        0        0
BANK OF AMER CORP                COMMON   060505104     9776    186435 SH       DEFINED    01         186435        0        0
***BANK AMERICA CORP             CBOND    060505AD6     8561   8495000 SH       DEFINED    01        8495000        0        0
CALL BANK OF AMER MAY 050 ****   OPTLEQTY 0605059E6     6161    117500     CAL  DEFINED    01         117500        0        0
CALL BANK OF AMER MAY 060 ****   OPTLEQTY 0605059E6     1310     25000     CAL  DEFINED    01          25000        0        0
CALL BANK OF AMER MAY 065 ****   OPTLEQTY 0605059E6     1782     34000     CAL  DEFINED    01          34000        0        0
CALL BANK OF AMER MAY 47.5****   OPTLEQTY 0605059E6     1310     25000     CAL  DEFINED    01          25000        0        0
PUT  BANK OF AMER JAN 035 ****   OPTLEQTY 0605059M8     1310     25000     PUT  DEFINED    01          25000        0        0
PUT  BANK OF AMER APR 050 ****   OPTLEQTY 0605059P1    10487    200000     PUT  DEFINED    01         200000        0        0
PUT  BANK OF AMER MAY 045 ****   OPTLEQTY 0605059Q9     3932     75000     PUT  DEFINED    01          75000        0        0
PUT  BANK OF AMER MAY 055 ****   OPTLEQTY 0605059Q9     5212     99400     PUT  DEFINED    01          99400        0        0
PUT  BANK OF AMER AUG 055 ****   OPTLEQTY 0605059T3     2359     45000     PUT  DEFINED    01          45000        0        0
PUT  BANK OF AMER AUG 42.5****   OPTLEQTY 0605059T3      524     10000     PUT  DEFINED    01          10000        0        0
BANK OF NEW ENGLAND CORP         COMMON   063840102        3     16600 SH       DEFINED    01          16600        0        0
BANK OF NEW YORK CO INC          COMMON   064057102      987     23757 SH       DEFINED    01          23757        0        0
BANK ONE CORP                    COMMON   06423A103      240      7000 SH       DEFINED    01              0        0     7000
BANK ONE CORP                    COMMON   06423A103     1699     49443 SH       DEFINED    01          49443        0        0
CALL BANK ONE CP  MAY 040 ****   OPTLEQTY 06423A9E5     1168     34000     CAL  DEFINED    01          34000        0        0
PUT  BANK ONE CP  APR 27.5****   OPTLEQTY 06423A9P0      687     20000     PUT  DEFINED    01          20000        0        0
PUT  BANK ONE CP  MAY 025 ****   OPTLEQTY 06423A9Q8      859     25000     PUT  DEFINED    01          25000        0        0
PUT  BANK ONE CP  MAY 27.5****   OPTLEQTY 06423A9Q8      687     20000     PUT  DEFINED    01          20000        0        0
BANK UNITED HOUSTON TEX          MEDNOTE  06541EAA0     4488   5000000 SH       DEFINED    01        5000000        0        0
BANK UNITED CORP                 PREFCONV 065412306     2932     68600 SH       DEFINED    01          68600        0        0
BANK UNITED-10.12% NON-CUM PFD   PREFERED 065414203     2324     90264 SH       DEFINED    01          90264        0        0
BANK UNITED-9.60% NON-CUM PFD    PREFERED 065414302      582     22200 SH       DEFINED    01          22200        0        0
BANKBOSTON CORP                  CBOND    065913AE5     9195  10000000 SH       DEFINED    01       10000000        0        0
BANKBOSTON CAPITAL TRUST I       CBOND    06605WAC9     5129   5285000 SH       DEFINED    01        5285000        0        0
BANKAMERICA CORP                 CEURO    066050CV5    26717  29970000 SH       DEFINED    01       29970000        0        0
BANKAMERICA CORP                 CBOND    066050BJ3      143    135000 SH       DEFINED    01         135000        0        0
BANKAMERICA CORP-SUB NTS         CBOND    066050BL8       50     50000 SH       DEFINED    01          50000        0        0
***BANK OF AMERICA CORP          CBOND    066050CW3       48     50000 SH       DEFINED    01              0        0    50000
BANKERS TRUST N Y CORP DEB       CBOND    066365DB0      247    250000 SH       DEFINED    01              0        0   250000
BANKERS TRUST CORP-DEP SHS       PREFERED 066365719     6754    292100 SH       DEFINED    01         292100        0        0
BANPONCE FINL CORP               MEDNOTE  06670QCS5       40     40000 SH       DEFINED    01          40000        0        0
***BANPAIS SA-SPONSORED ADR      ADR      066700105      712    760000 SH       DEFINED    01         760000        0        0
BARBERTON OHIO INDL DEV REV      MUNICIPL 067215AE3      313    300000 SH       DEFINED    01              0        0   300000
***BARRICK GOLD CORP             COMMON   067901108     7914    504481 SH       DEFINED    01         504481        0        0
BARNETT CAPITAL III CAP SECS     CBOND    06808NAE0     5789   6000000 SH       DEFINED    01        6000000        0        0
**BARR ROSENBERG MARKET          MFOTLDEQ 068310879    22457   3026634 SH       DEFINED    01        3026634        0        0
***BASIS 100 INC                 COMMON   070120100     6427    807750 SH       DEFINED    01         807750        0        0
BASIX CORP NEW                   COMMON   070121207       12    241031 SH       DEFINED    01         241031        0        0
BAXTER INTERNATIONAL INC         COMMON   071813109     1268     20241 SH       DEFINED    01          20241        0        0
BAXTER INTERNATIONAL INC         COMMON   071813125       10     54302 SH       DEFINED    01          54302        0        0
CALL BAXTER INTL  MAY 055 CBOE   OPTLEQTY 0718139E1     2194     35000     CAL  DEFINED    01          35000        0        0
CALL BAXTER INTL  MAY 060 CBOE   OPTLEQTY 0718139E1     7961    127000     CAL  DEFINED    01         127000        0        0
PUT  BAXTER INTL  NOV 060 CBOE   OPTLEQTY 0718139W1     3134     50000     PUT  DEFINED    01          50000        0        0
BAYER CORP                       CBOND    072732AB6     8607   8750000 SH       DEFINED    01        8750000        0        0
BAYERISCHE LANDESBANKS           CFGN     072738AA5     2672   2675000 SH       DEFINED    01        2675000        0        0
BAYERISCHE LANDESBANK            MEDNOTE  07274RBZ6      354    400000 SH       DEFINED    01         400000        0        0
BAYONNE N J SCH REF G/O          MUNICIPL 072887RT1      191    210000 SH       DEFINED    01              0        0   210000
BEAR STEARNS COMPANIES INC       CEURO    073902BJ6      576    600000 SH       DEFINED    01         600000        0        0
BEAR STEARNS COMPANIES INC       COMMON   073902702    20591    467990 SH       DEFINED    01         467990        0        0
BEAR STEARNS COS INC-SR NTS      CBOND    073902AH1     3406   3500000 SH       DEFINED    01        3500000        0        0
BEAR STEARNS COMPANIES INC       PREFERED 073902207     3511     83000 SH       DEFINED    01          83000        0        0
BEAR STEARNS COS-5.72% CUM PFD   PREFCUMU 073902876      592     15300 SH       DEFINED    01          15300        0        0
BECTON DICKINSON & CO            COMMON   075887109      274     10421 SH       DEFINED    01          10421        0        0
BED BATH & BEYOND INC            COMMON   075896100     1206     30653 SH       DEFINED    01          30653        0        0
BELL ATLANTIC CORP               COMMON   077853109     1871     30614 SH       DEFINED    01          30614        0        0
CALL BELL ATLANT  APR 060 CBOE   OPTLEQTY 0778539D3     3056     50000     CAL  DEFINED    01          50000        0        0
CALL BELL ATLANT  JUL 060 CBOE   OPTLEQTY 0778539G6    12225    200000     CAL  DEFINED    01         200000        0        0
CALL BELL ATLANT  OCT 060 ****   OPTLEQTY 0778539J0     9168    150000     CAL  DEFINED    01         150000        0        0
BELL ATLANTIC NEW ZEALND         PREFERED 07786G208     1042     10000 SH       DEFINED    01          10000        0        0
BELL SAVINGS HOLDINGS INC        COMMON   077900108        2     50895 SH       DEFINED    01          50895        0        0
PUT  BELL ATLANT  JAN 045 CBOE   OPTLEQTY 0779099M3     1833     30000     PUT  DEFINED    01          30000        0        0
BELLSOUTH CORP                   COMMON   079860102     1900     40432 SH       DEFINED    01          40432        0        0
CALL BELLSOUTH CP APR 045 AMEX   OPTLEQTY 0798609D6     1175     25000     CAL  DEFINED    01          25000        0        0
BELLSOUTH TELECOMM INC DEBS      CBOND    079867AH0     1790   2000000 SH       DEFINED    01        2000000        0        0
BERKSHIRE HATHAWAY INC-DEL       COMMON   084670207     3965      2179 SH       DEFINED    01           2179        0        0
BEST PRODUCTS CO INC NEW         COMMON   086553104       24    487719 SH       DEFINED    01         487719        0        0
BETHLEHEM STEEL CORP             COMMON   087509105     1327    221224 SH       DEFINED    01         221224        0        0
BEVERLY HILLS CALIF PUB FING     MUNIRIB  088006AP6      654    650000 SH       DEFINED    01              0        0   650000
***BIO TECHNOLOGY GENERAL CORP   COMMON   090578105      881     56868 SH       DEFINED    01          56868        0        0
BIOGEN INC                       COMMON   090597105     4964     71055 SH       DEFINED    01          71055        0        0
BIOMEDICAL WASTE SYSTEMS INC     COMMON   09061E106        2    153079 SH       DEFINED    01         153079        0        0
BIOMET INC                       COMMON   090613100      886     24370 SH       DEFINED    01          24370        0        0
BIOPLASTY INC                    COMMON   090648106        1     29400 SH       DEFINED    01          29400        0        0
BIOPOOL INTERNATIONAL INC        COMMON   090649104       65     40000 SH       DEFINED    01              0        0    40000
BIOVAIL CORP CONV SUB PFD        COMMON   09067J208     1156     25000 SH       DEFINED    01          25000        0        0
WTS BIRCH TELECOM                COMMON   09069B112      102     20480 SH       DEFINED    01          20480        0        0
BIRCH TELECOM INC                CBOND    09069BAC8    25536  25505000 SH       DEFINED    01       25505000        0        0
BLACKROCK NEW JERSEY INVT        COMMON   09247C107      964     83000 SH       DEFINED    01              0        0    83000
BLACKROCK 2001 TERM TRUST INC    COMMON   092477108    18805   2118900 SH       DEFINED    01        2118900        0        0
BLOUNT CNTY TENN INDL DEV BRD    MUNIFLT  095170AA4      100    100000 SH       DEFINED    01         100000        0        0
***BLOUNT INC                    CFGN     095173AC4      789    902000 SH       DEFINED    01         902000        0        0
***BLUE SQUARE ISRAEL LTD        ADR      096055108      248     25000 SH       DEFINED    01          25000        0        0
BOEING CO                        COMMON   097023105      379     10000 SH       DEFINED    01              0        0    10000
BOEING CO                        COMMON   097023105     2981     78601 SH       DEFINED    01          78601        0        0
CALL BOEING CO    MAY 045 CBOE   OPTLEQTY 0970239E7     1896     50000     CAL  DEFINED    01          50000        0        0
CALL BOEING CO    AUG 045 CBOE   OPTLEQTY 0970239H0      948     25000     CAL  DEFINED    01          25000        0        0
PUT  BOEING CO    AUG 040 CBOE   OPTLEQTY 0970239T4     1896     50000     PUT  DEFINED    01          50000        0        0
PUT  BOEING CO    AUG 050 CBOE   OPTLEQTY 0970239T4      948     25000     PUT  DEFINED    01          25000        0        0
CALL BOEING CO    JAN 040 CBOE   OPTLEQTY 0970269A8      572     15100     CAL  DEFINED    01          15100        0        0
PUT  BOEING CO    JAN 040 CBOE   OPTLEQTY 0970269M2     9010    237500     PUT  DEFINED    01         237500        0        0
PUT  BOEING CO    JAN 045 CBOE   OPTLEQTY 0970269M2     4267    112500     PUT  DEFINED    01         112500        0        0
BONNEVILLE PACIFIC CORP          COMMON   098904998        0     23250 SH       DEFINED    01          23250        0        0
BOSTON EDISON CO-8% PFD          PREFERED 100599885    19245    185500 SH       DEFINED    01         185500        0        0
BOSTON PROPERTIES INC            REIT     101121101     7953    250000 SH       DEFINED    01         250000        0        0
BOSTON SCIENTIFIC CORP           COMMON   101137107     1225     57516 SH       DEFINED    01          57516        0        0
CALL BOSTON SCIEN MAY 025 CBOE   OPTLEQTY 1011379E9     1065     50000     CAL  DEFINED    01          50000        0        0
CALL BOSTON SCIEN MAY 22.5CBOE   OPTLEQTY 1011379E9      532     25000     CAL  DEFINED    01          25000        0        0
BOSTON UNIV                      MEDNOTE  10115PAA3     1101   1165000 SH       DEFINED    01        1165000        0        0
***BOUYGUES OFFSHORE SA          ADR      102112109      235     10000 SH       DEFINED    01          10000        0        0
BOWNE & CO INC                   COMMON   103043105      136     10600 SH       DEFINED    01          10600        0        0
***BRAZIL REPUBLIC               CFGN     105756AH3      161    160000 SH       DEFINED    01              0        0   160000
***BRAZIL FEDERATIVE REPUBLIC    CFGN     105756AJ9      108    100000 SH       DEFINED    01              0        0   100000
BRAZOS TEX HGHR ED AUTH INC      MUNICIPL 106238CT3      302    295000 SH       DEFINED    01              0        0   295000
***BRE-X MINERALS LTD            COMMON   10625K109        0     20919 SH       DEFINED    01          20919        0        0
BRINKER INTERNATIONAL INC        COMMON   109641100      201      6786 SH       DEFINED    01           6786        0        0
BRISTOL MYERS SQUIBB CO          COMMON   110122108     2497     43242 SH       DEFINED    01          43242        0        0
CALL BRISTOL SQB  APR 060 ****   OPTLEQTY 1101229D2     2887     50000     CAL  DEFINED    01          50000        0        0
PUT  BRISTOL SQB  APR 055 ****   OPTLEQTY 1101229P5     1732     30000     PUT  DEFINED    01          30000        0        0
PUT  BRISTOL SQB  JUN 050 ****   OPTLEQTY 1101229R1     2310     40000     PUT  DEFINED    01          40000        0        0
PUT  BRISTOL SQB  SEP 050 ****   OPTLEQTY 1101229U4     2887     50000     PUT  DEFINED    01          50000        0        0
CALL BRISTOL SQB  JAN 040 CBOE   OPTLEQTY 1101249A4     5428     94000     CAL  DEFINED    01          94000        0        0
CALL BRISTOL SQB  JAN 045 CBOE   OPTLEQTY 1101249A4     8212    142200     CAL  DEFINED    01         142200        0        0
BRITISH COLUMBIA PROVINCE        CEURO    110709EQ1     7718   8775000 SH       DEFINED    01        8775000        0        0
***BRITISH SKY BROADCASTING      ADR      111013108     7089     44608 SH       DEFINED    01          44608        0        0
***BRITISH TELECOMMUNICATIONS    ADR      111021408      448      2385 SH       DEFINED    01           2385        0        0
BRITT AIRWAYS INC NOTES-REG      CBOND    1110409A1        0  12420000 SH       DEFINED    01       12420000        0        0
BROADCOM CORP                    CLASS    111320107     3545     14597 SH       DEFINED    01          14597        0        0
BROADVISION INC                  COMMON   111412102     3474     77416 SH       DEFINED    01          77416        0        0
BROADWAY FINANCIAL CORP-N.J.     COMMON   111443107        0     26886 SH       DEFINED    01          26886        0        0
BROADWING INC                    COMMON   111620100      850     22872 SH       DEFINED    01          22872        0        0
BROCADE COMMUNICATIONS SYS INC   COMMON   111621108     2707     15100 SH       DEFINED    01          15100        0        0
BUCKEYE PARTNERS LP              COMMON   118230101      260     10000 SH       DEFINED    01              0        0    10000
***BUENOS AIRES EMBOTELLADORA    ADR      119424208       14     57865 SH       DEFINED    01          57865        0        0
BURBANK ILL G/O M/F ELDERLY      MUNICIPL 120829BX3       18     20000 SH       DEFINED    01          20000        0        0
BURKE INDUSTRIES INC             CBOND    121360AE1      700   2000000 SH       DEFINED    01        2000000        0        0
BURLINGTON KANS PCR REG RIBS-    MUNINOTY 121825BF9      325    300000 SH       DEFINED    01         300000        0        0
BURLINGTON KANS POLLUTION CTL    MUNIFLT  121825BS1    10983   8250000 SH       DEFINED    01        8250000        0        0
BURLINGTON NORTHERN SANTA FE     CBOND    12189PAE2      396    400000 SH       DEFINED    01         400000        0        0
BURLINGTON NORTHERN SANTA FE     COMMON   12189T104      209      9487 SH       DEFINED    01           9487        0        0
CALL BURLINGTON N JAN26.62CBOE   OPTLEQTY 1219039A8     2876    130000     CAL  DEFINED    01         130000        0        0
BURLINGTON RESOURCES INC         COMMON   122014103      788     21315 SH       DEFINED    01          21315        0        0
PUT  BRLNGTON RES MAY 025 ****   OPTLEQTY 1220149Q8      925     25000     PUT  DEFINED    01          25000        0        0
BURRITT INTERFINANCIAL           COMMON   122756109        0     55091 SH       DEFINED    01          55091        0        0
***BUSINESS OBJECTS SA           ADR      12328X107     3482     35000 SH       DEFINED    01              0        0    35000
BUTLER CNTY OHIO MULTIFAMILY     MUNIFLT  123558AU2    17825  17825000 SH       DEFINED    01       17825000        0        0
BUTLER CO PA IDA FLO FIXED RTE   MUNIFLT  123599AB8       45     45000 SH       DEFINED    01          45000        0        0
CALL S&P 500 INDX APR 1450CBOE   OPTLIDXB 12486Q9D4      349      5200          DEFINED    01           5200        0        0
CALL S&P 500 INDX JUN 1350CBOE   OPTLIDXB 12488Y9F0      959      5050          DEFINED    01           5050        0        0
CBS CORP                         COMMON   12490K107      382      6762 SH       DEFINED    01           6762        0        0
CALL CBS CORP     APR 065 AMEX   OPTLEQTY 12490K9D1     5662    100000     CAL  DEFINED    01         100000        0        0
CALL CBS CORP     APR 070 AMEX   OPTLEQTY 12490K9D1     2831     50000     CAL  DEFINED    01          50000        0        0
C-CUBE MICROSYSTEMS INC          COMMON   125015107     6465     88795 SH       DEFINED    01          88795        0        0
CD RADIO INC                     CBOND    125127AA8    15418  29091000 SH       DEFINED    01       29091000        0        0
CD RADIO INC                     CBOND    125127AD2      471    510000 SH       DEFINED    01         510000        0        0
CDW COMPUTER CENTERS INC         COMMON   125129106      231      2746 SH       DEFINED    01           2746        0        0
***CESP-COMPANHIA ENERGETICA     EUROFX   12517FAA5    12740    130000 SH       DEFINED    01              0        0   130000
***CIT GROUP INC                 CEURO    125577AD8     9409   9540000 SH       DEFINED    01        9540000        0        0
CIT GROUP HOLDINGS               MEDNOTE  12560QAQ2     2977   3000000 SH       DEFINED    01        3000000        0        0
CK WITCO CORP                    COMMON   12562C108      105     10326 SH       DEFINED    01          10326        0        0
CMGI INC                         COMMON   125750109     6792     59949 SH       DEFINED    01          59949        0        0
CML GROUP INC                    COMMON   125820100        0     50310 SH       DEFINED    01          50310        0        0
CMS PANHANDLE HOLDINGS COMPANY   CBOND    12589YAB5      467    500000 SH       DEFINED    01         500000        0        0
CMS ENERGY CORP                  CBOND    125896AK6     2741   3000000 SH       DEFINED    01        3000000        0        0
CNF TRANSPORTATION INC           COMMON   12612W104      263      9482 SH       DEFINED    01           9482        0        0
CNET NETWORKS INC                COMMON   12613R104     1155     22789 SH       DEFINED    01          22789        0        0
CPC REXCEL INC                   COMMON   126150101        0     97746 SH       DEFINED    01          97746        0        0
CSC HOLDINGS INC-11.75% EXCH     COMMON   126304609     3040     28085 SH       DEFINED    01          28085        0        0
CSC HLDGS INC                    CBOND    126304AA2     4663   4663000 SH       DEFINED    01        4663000        0        0
***CSC HOLDINGS INC              CBOND    126304AB0     1526   1500000 SH       DEFINED    01        1500000        0        0
CSC HOLDINGS INC                 CBOND    126304AC8      905    935000 SH       DEFINED    01         935000        0        0
CSC HOLDINGS INC                 CBOND    126304AE4     5807   5715000 SH       DEFINED    01        5715000        0        0
CSC HOLDINGS INC                 CBOND    126304AF1     1070   1000000 SH       DEFINED    01        1000000        0        0
CSC HOLDINGS INC                 CBOND    126304AG9      102    110000 SH       DEFINED    01         110000        0        0
CSC HOLDINGS INC                 CBOND    126304AJ3     6878   7415000 SH       DEFINED    01        7415000        0        0
CSC HOLDINGS INC                 CBOND    126304AK0     3999   4430000 SH       DEFINED    01        4430000        0        0
CSC HOLDINGS INC                 CBOND    126304AM6     3775   3850000 SH       DEFINED    01        3850000        0        0
CSC HOLDINGS INC-DEP SHS         PREFERED 126304401     7797     72701 SH       DEFINED    01          72701        0        0
CSX CORP DEB                     CBOND    126408BK8     3830   3930000 SH       DEFINED    01        3930000        0        0
CSX CORP                         CBOND    126408BR3     9010  10000000 SH       DEFINED    01       10000000        0        0
CV THERAPEUTICS INC              CBONDCNV 126667AA2     4283   5200000 SH       DEFINED    01        5200000        0        0
***CABLE & WIRELESS              CFGN     12682PAB0    37714  38166000 SH       DEFINED    01       38166000        0        0
***CABLE & WIRELESS              CFGN     12682PAC8     8419   8400000 SH       DEFINED    01        8400000        0        0
CABLE & WIRELESS COMM INC        CBOND    12682PAA2    21298  21647000 SH       DEFINED    01       21647000        0        0
CABLE & WIRELESS COMMUNICATION   CBOND    12682PAD6    10186  10160000 SH       DEFINED    01       10160000        0        0
***CABLE & WIRELESS PLC          ADR      126830207    12443    222200 SH       DEFINED    01         222200        0        0
CALL CABLEVISION  APR 060 CBOE   OPTLEQTY 12686C9D3      759     12500     CAL  DEFINED    01          12500        0        0
CALL CABLEVISION  MAY 070 CBOE   OPTLEQTY 12686C9E1     3037     50000     CAL  DEFINED    01          50000        0        0
CABLETRON SYSTEMS INC            COMMON   126920107      425     14500 SH       DEFINED    01              0        0    14500
CADENCE DESIGN SYSTEMS INC       COMMON   127387108      790     38082 SH       DEFINED    01          38082        0        0
CALENERGY CAPITAL TRUST II       PREFCONV 12946P403     2147     52690 SH       DEFINED    01          52690        0        0
CAL ENGERGY CO INC               CBOND    129466AK4    11424  11700000 SH       DEFINED    01       11700000        0        0
CAL ENERGY CO INC                CBOND    129466AL2    19526  19910000 SH       DEFINED    01       19910000        0        0
CALIFORNIA CNTYS INDL DEV AUTH   MUNIFLT  130166AA9      180    180000 SH       DEFINED    01         180000        0        0
CALIFORNIA EDL FACS AUTH REV     MUNIFLT  1301744T9       90    100000 SH       DEFINED    01         100000        0        0
CALIFORNIA FEDERAL PFD CAPITAL   PREFERED 130214208      481     22000 SH       DEFINED    01          22000        0        0
CALIFORNIA HLTH FAC AU 7DA PUT   MUNIFLT  130326QR5      200    200000 SH       DEFINED    01         200000        0        0
CALIFORNIA HFA HOME OWNERSHIP&   MUNICIPL 130329XU4        1     10000 SH       DEFINED    01          10000        0        0
CALIFORNIA HSG FIN AGY HOME      MUNICIPL 13033CPZ4       10     10000 SH       DEFINED    01          10000        0        0
CALIFORNIA HSG FIN AGY HOME      MUNICIPL 13033EAQ6       96     95000 SH       DEFINED    01              0        0    95000
CALIFORNIA HSG FIN AGY REV       MUNICIPL 13033EQF3      277    275000 SH       DEFINED    01              0        0   275000
CALIFORNIA HLTH F/F AU RV-A-     MUNIFLT  13033HNG7      100    100000 SH       DEFINED    01         100000        0        0
CALIFORNIA HEALTH FACS FING      MUNI     13033HZD1        0    300000 SH       DEFINED    01              0        0   300000
CALIFORNIA HLTH FACS FING AUTH   MUNI     13033HZE9        0    100000 SH       DEFINED    01              0        0   100000
CALIFORNIA HSG FIN AGY REV VAR   MUNIFLT  13033KCV9       20     20000 SH       DEFINED    01          20000        0        0
CALIFORNIA POLLUTN CTL FING      MUNICIPL 130534GY0        0     15000 SH       DEFINED    01          15000        0        0
CALIFORNIA PUB CAP IMPTS FING    MUNIRIB  130552BH4     1381    975000 SH       DEFINED    01         975000        0        0
CALIFORNIA ST VAR PURP N/C       MUNICIPL 130621EW1       52     50000 SH       DEFINED    01              0        0    50000
CALIFORNIA STATE VETS-SER AQ     MUNICIPL 130621FF7       26     25000 SH       DEFINED    01              0        0    25000
CALIFORNIA ST G/O VAR PURP       MUNICIPL 130622SW4       32     30000 SH       DEFINED    01              0        0    30000
CALIFORNIA ST REG SAVRS-CRS      MUNI     130625DJ2        0    400000 SH       DEFINED    01         400000        0        0
CALIFORNIA ST G/O RI-CRS         MUNIRIB  130625DK9      491    400000 SH       DEFINED    01         400000        0        0
CALIFORNIA ST RI TRS SER A39     MUNIRIB  130629MA3     5177    500000 SH       DEFINED    01         500000        0        0
CALIFORNIA ST G/O RESIDUAL       MUNIFLT  130629UQ9        0     45000 SH       DEFINED    01          45000        0        0
CALIFORNIA ST G/O RESIDUAL       MUNIFLT  130629UT3        0     45000 SH       DEFINED    01          45000        0        0
CALIFORNIA ST G/O RESIDUAL       MUNIFLT  130629UW6        0     45000 SH       DEFINED    01          45000        0        0
CALIFORNIA ST ECONOMIC DEV       MUNICIPL 13066R9N6        0   1600000 SH       DEFINED    01        1600000        0        0
CALIFORNIA ST DEPT WTR RES       MUNINOTY 130663L88      400    300000 SH       DEFINED    01         300000        0        0
CALIFORNIA STATE PUB WKS BRD     MUNICIPL 130679CE1      196    180000 SH       DEFINED    01              0        0   180000
CALIFORNIA STATE PUB WKS BRD     MUNI     13068GHL3    65413    600000 SH       DEFINED    01         600000        0        0
CALIFORNIA ST PUB WKS BRD LSE    MUNICIPL 13068GMS2      141    140000 SH       DEFINED    01              0        0   140000
CALIFORNIA ST PUB WKS BRD        MUNICIPL 13068HA79       10     10000 SH       DEFINED    01          10000        0        0
CALIFORNIA STATEWIDE CMNTYS      MUNI     13077TJT5        0   3000000 SH       DEFINED    01              0        0  3000000
CALIFORNIA STATEWIDE CMNTYS      MUNI     13077TJU2        0    100000 SH       DEFINED    01              0        0   100000
CALIFORNIA ST UNIV RV REG RIBS   MUNINOTY 130774G63      107    100000 SH       DEFINED    01         100000        0        0
CALIFORNIA ST UNIV REV REG       MUNI     130774G71        0    100000 SH       DEFINED    01         100000        0        0
CALIFORNIA ST UNIV REV           MUNIFLT  1307744M1        0    200000 SH       DEFINED    01         200000        0        0
CALIFORNIA STATEWIDE CMNTYS      MUNIFLT  130905AE2      365    365000 SH       DEFINED    01         365000        0        0
CALIFORNIA STATEWIDE CMNTYS      MUNIFLT  130905AS1       25     25000 SH       DEFINED    01          25000        0        0
CALIFORNIA STATEWIDE CMNTYS      MUNIFLT  130905BB7      385    385000 SH       DEFINED    01         385000        0        0
CALIFORNIA STATEWIDE CMNTYS      MUNIFLT  130905BM3      100    100000 SH       DEFINED    01         100000        0        0
CALIFORNIA STWIDE CMNTYS DEV     MUNIFLT  130905CD2      750    750000 SH       DEFINED    01         750000        0        0
CALIFORNIA STWIDE CDC REV        MUNIFLT  130905CN0     1000   1000000 SH       DEFINED    01        1000000        0        0
CALLAWAY GOLF CO                 COMMON   131193104     5186    334611 SH       DEFINED    01         334611        0        0
CALPINE CORP                     COMMON   131347106     1495     15909 SH       DEFINED    01          15909        0        0
CAMBRIDGE TECHNOLOGY PARTNERS    COMMON   132524109     1112     82000 SH       DEFINED    01              0        0    82000
CAMDEN CNTY N J G/O IMPT AUTH    MUNICIPL 13281KET1      675    680000 SH       DEFINED    01              0        0   680000
***GOVERNMENT OF CANADA          CFGN     135087WB6       95    129000 SH       DEFINED    01         129000        0        0
***CANADIAN PACIFIC LTD NEW      COMMON   135923100      362     16200 SH       DEFINED    01          16200        0        0
CANADIAN NATL RY CO              CBOND    136375BD3      707    800000 SH       DEFINED    01         800000        0        0
CAPITAL ONE BANK CORP            MEDNOTE  14040EHC9     4788   5000000 SH       DEFINED    01        5000000        0        0
CAPITAL REGION ARPT COMMN VA     MUNIFLT  140442BM5     1000   1000000 SH       DEFINED    01        1000000        0        0
CAPSTAR BROADCASTING PARTNERS    CBOND    14066PAC0      534    600000 SH       DEFINED    01         600000        0        0
CAREADVANTAGE INC NEW            COMMON   14166N209       22     58408 SH       DEFINED    01          58408        0        0
CAREERCOM CORP                   COMMON   141686105        0    213128 SH       DEFINED    01         213128        0        0
***CARLTON COMMUNICATIONS PLC    ADR      142872209      346      5902 SH       DEFINED    01           5902        0        0
CARMIKE CINEMAS INC              CBOND    143436AD5      333    525000 SH       DEFINED    01         525000        0        0
CARNIVAL CORP-CL A               CLASS    143658102      361     14585 SH       DEFINED    01          14585        0        0
CAROLCO PICTURES INC             COMMON   143763100        2     94177 SH       DEFINED    01          94177        0        0
CAROLINA POWER & LIGHT CO        CBOND    144141CH9     6523   6800000 SH       DEFINED    01        6800000        0        0
CAROLINA POWER AND LIGHT CO      CBOND    144141CK2     4506   5000000 SH       DEFINED    01        5000000        0        0
CARRAMERICA REALTY CORP          REIT     144418100     1587     75150 SH       DEFINED    01          75150        0        0
CARSON INC                       CLASS    145845103      656    150000 SH       DEFINED    01         150000        0        0
CASCADE INTERNATIONAL INC        COMMON   147280101        0    311114 SH       DEFINED    01         311114        0        0
**MUNICIPAL CASH SERIES II       OFFSHORE 147552103     1793   1793436 SH       DEFINED    01              0        0  1793436
CASINO DATA SYSTEMS              COMMON   147583108     1720    335644 SH       DEFINED    01         335644        0        0
CASINO REINVESTMENT DEV AUTH     MUNICIPL 147602AG1      201    200000 SH       DEFINED    01              0        0   200000
CASINO MAGIC LOUISIANA CO        CBOND    147907AD1     1075   1000000 SH       DEFINED    01        1000000        0        0
CATERPILLAR FINL SVCS CORP       CBOND    14911RAC3       97    100000 SH       DEFINED    01              0        0   100000
CATERPILLAR FINL SVCS CORP       MEDNOTE  14912LA27       96    100000 SH       DEFINED    01         100000        0        0
CATERPILLAR INC                  COMMON   149123101      276      7000 SH       DEFINED    01              0        0     7000
CATERPILLAR INC                  COMMON   149123101     1988     50425 SH       DEFINED    01          50425        0        0
CALL CATERPILLAR  AUG 050 AMEX   OPTLEQTY 1491239H6     3943    100000     CAL  DEFINED    01         100000        0        0
PUT  CATERPILLAR  AUG 050 AMEX   OPTLEQTY 1491239T0     2563     65000     PUT  DEFINED    01          65000        0        0
PUT  CATERPILLAR  JAN 050 AMEX   OPTLEQTY 1491289M4     3943    100000     PUT  DEFINED    01         100000        0        0
PUT  CATERPILLAR  JAN 055 AMEX   OPTLEQTY 1491289M4      985     25000     PUT  DEFINED    01          25000        0        0
CATTLEGUARD INC                  COMMON   149472102        0     19600 SH       DEFINED    01          19600        0        0
***CELESTICA INC                 COMMON   15101Q108      265      5000 SH       DEFINED    01           5000        0        0
CELLNET DATA SYSTEMS INC         COMMON   15115M101       15     10949 SH       DEFINED    01          10949        0        0
***CELULOSA ARAUCO Y CONSTITCN   CFGN     151191AB9       47     50000 SH       DEFINED    01              0        0    50000
***CELULOSA ARAUCO Y CONSTITCN   CFGN     151191AB9      163    173000 SH       DEFINED    01         173000        0        0
CELULOSA ARAUCO CONSTRITUION     CEURO    151191AF0      522    575000 SH       DEFINED    01         575000        0        0
CENDANT CORP                     COMMON   151313103      720     38961 SH       DEFINED    01          38961        0        0
CENTAUR FUNDING CORP             PREFERED 151327202     4276     40925 SH       DEFINED    01          40925        0        0
CENTENNIAL CELLULAR OPER CO      CBOND    15134QAB5      742    750000 SH       DEFINED    01         750000        0        0
PUT  CENTEX CORP  APR 020 CBOE   OPTLEQTY 1523129P1      476     20000     PUT  DEFINED    01          20000        0        0
CENTRAL MAINE POWER CO           MMPREF   154051874        0     91608 SH       DEFINED    01          91608        0        0
CENTRAL VALLEY SCHS FING AUTH    MUNIRIB  155747AE8     1709    100000 SH       DEFINED    01         100000        0        0
CENTURI INC                      COMMON   156410102        0     12900 SH       DEFINED    01          12900        0        0
CENTURY COMMUNICATIONS CORP      CBOND    156503AD6       35     35000 SH       DEFINED    01          35000        0        0
CENTURY COMMUNICATIONS CORP      CBOND    156503AE4      679    677000 SH       DEFINED    01         677000        0        0
CENTURY COMMUNICATIONS CORP SR   CBOND    156503AG9       98    100000 SH       DEFINED    01         100000        0        0
CENVEST INC                      COMMON   156702102        0     70854 SH       DEFINED    01          70854        0        0
CEPHALON INC                     COMMON   156708109      793     21164 SH       DEFINED    01          21164        0        0
CERRITOS CALIF PUB FING AUTH     MUNICIPL 156809BV6    16180  16015000 SH       DEFINED    01       16015000        0        0
CATS-SER Z-COUPON-INT PMT ON     USTRES   156883BR0       24     34000 SH       DEFINED    01          34000        0        0
CATS-SER S-COUPON-INT PMT ON     USTRES   156884E87        6     12000 SH       DEFINED    01          12000        0        0
CATS SER J-COUPON-INT PMT ON     USTRES   156884XL7       22     26000 SH       DEFINED    01          26000        0        0
CHAMPION ENTERPRISES INC         COMMON   158496109       88     15400 SH       DEFINED    01          15400        0        0
CHARTER ONE FINANCIAL INC        COMMON   160903100      490     23365 SH       DEFINED    01          23365        0        0
CHARTER COMMUNICATIONS HLDG      CBOND    16117PAE0     3971   4500000 SH       DEFINED    01        4500000        0        0
CHARTER COMMUNICATIONS HLDGS     CBOND    16117PAH3     1930   2000000 SH       DEFINED    01        2000000        0        0
CHARTER COMM HLD CHTR            CBOND    16117PAJ9     1102   2000000 SH       DEFINED    01        2000000        0        0
CHASE CAPITAL I                  PFDTRUST 161477AA2      459    500000 SH       DEFINED    01         500000        0        0
***CHASE CAPITAL II              PFDTRUST 161480AA6     6643   7000000 SH       DEFINED    01        7000000        0        0
CHASE MANHATTAN CORP NEW         COMMON   16161A108    10066    115457 SH       DEFINED    01         115457        0        0
CHASE MANHATTAN CORP             CBOND    16161ABT4     1400   1500000 SH       DEFINED    01        1500000        0        0
CHASE MANHATTAN CORP NEW-ADJ     PREFERED 16161A405     8385    368600 SH       DEFINED    01         368600        0        0
CHASE MANHATTAN CORP NEW         PREFERED 16161A835     1621     62985 SH       DEFINED    01          62985        0        0
CHASE MANHATTAN CORP NEW         PREFERED 16161A884    10373    383313 SH       DEFINED    01         383313        0        0
CALL CHASE MNHATN APR 105 AMEX   OPTLEQTY 16161A9D2     3051     35000     CAL  DEFINED    01          35000        0        0
CALL CHASE MNHATN APR 095 AMEX   OPTLEQTY 16161A9D2     6539     75000     CAL  DEFINED    01          75000        0        0
PUT  CHASE MNHATN APR 085 AMEX   OPTLEQTY 16161A9P5     5928     68000     PUT  DEFINED    01          68000        0        0
PUT  CHASE MNHATN SEP 065 AMEX   OPTLEQTY 16161A9U4    19617    225000     PUT  DEFINED    01         225000        0        0
PUT  CHASE MNHATN SEP 080 AMEX   OPTLEQTY 16161A9U4      871     10000     PUT  DEFINED    01          10000        0        0
CALL CHASE MNHATN JAN 060 AMEX   OPTLEQTY 16161J9A9     2615     30000     CAL  DEFINED    01          30000        0        0
PUT  CHASE MNHATN JAN 040 AMEX   OPTLEQTY 16161J9M3     2092     24000     PUT  DEFINED    01          24000        0        0
PUT  CHASE MNHATN JAN 070 AMEX   OPTLEQTY 16161J9M3    13078    150000     PUT  DEFINED    01         150000        0        0
CALL CHASE MNHATN JAN 100 AMEX   OPTLEQTY 16161K9A6      871     10000     CAL  DEFINED    01          10000        0        0
CHASE MANHAT CRP                 MEDNOTE  16161LCJ1     4850   5000000 SH       DEFINED    01        5000000        0        0
CHATHAM CNTY GA HOSP AUTH REV    MUNICIPL 162033DQ4       51     50000 SH       DEFINED    01              0        0    50000
CHATTANOOGA VY CORP SECD 1ST     CBOND    162451BR8       11     19000 SH       DEFINED    01          19000        0        0
CHATTEM INC                      CBOND    162456AH0     1394   1650000 SH       DEFINED    01        1650000        0        0
CHECKFREE HOLDINGS CORP          COMMON   162816102     1798     25509 SH       DEFINED    01          25509        0        0
CHESAPEAKE POTOMAC TELEPHONE     CBOND    165069AQ8     5342   5115000 SH       DEFINED    01        5115000        0        0
CHESAPEAKE & POTOMAC TEL CO VA   CBOND    165087AL1     5562   5000000 SH       DEFINED    01        5000000        0        0
CHESAPEAKE INDUSTRIES INC        COMMON   165195108        0     18400 SH       DEFINED    01          18400        0        0
CHEVRON CORP                     COMMON   166751107      709      7680 SH       DEFINED    01           7680        0        0
CHEVY CHASE SAVINGS BANK F S B   PREFCONV 166784207     2500    100000 SH       DEFINED    01         100000        0        0
CHICAGO ILL G/O RFDG SER A       MUNICIPL 1674832J4     4983   5000000 SH       DEFINED    01        5000000        0        0
CHICAGO ILL EQUIP NTS            MUNICIPL 167484DY7     3988   3900000 SH       DEFINED    01        3900000        0        0
CHICAGO ILL G/O PROJ & RFDG      MUNICIPL 167484HW7     2342   2305000 SH       DEFINED    01        2305000        0        0
CHICAGO ILL G/O BRD ED           MUNICIPL 167501SU0     3168   7195000 SH       DEFINED    01        7195000        0        0
CHICAGO ILL G/O BRD ED           MUNICIPL 167501SV8     1337   3245000 SH       DEFINED    01        3245000        0        0
CHICAGO ILL G/O BRD ED CHICAGO   MUNICIPL 167501TH8       90    100000 SH       DEFINED    01              0        0   100000
CHICAGO ILL G/O BRD ED-SCH       MUNICIPL 167501VH5     5413  35000000 SH       DEFINED    01       35000000        0        0
CHICAGO ILL GAS SUPPLY REV REG   MUNINOTY 16753LAS7      141    150000 SH       DEFINED    01         150000        0        0
CHICAGO ILL PUB BLDG COMMN BLD   MUNIFLT  167664TU5     3421   3500000 SH       DEFINED    01        3500000        0        0
CHIQUITA BRANDS INTL INC         CBOND    170032AK2      985   1248000 SH       DEFINED    01        1248000        0        0
CHIQUITA BRANDS INTERNATIONAL    CBOND    170032AL0      507    650000 SH       DEFINED    01         650000        0        0
CHIRON CORP                      COMMON   170040109     4973     99710 SH       DEFINED    01          99710        0        0
CHIRON CORP CONV                 CBONDCNV 170040AB5     9146   5306000 SH       DEFINED    01        5306000        0        0
CALL CHIRON CORP  MAY 045 ****   OPTLEQTY 1700409E1      997     20000     CAL  DEFINED    01          20000        0        0
CHOICE ONE COMMUNICATIONS INC    COMMON   17038P104      787     22178 SH       DEFINED    01          22178        0        0
CHRIS-CRAFT INDUSTRIES INC       COMMON   170520100      304      4784 SH       DEFINED    01           4784        0        0
CHROMATICS COLOR SCIENCES        COMMON   171116304       86     15400 SH       DEFINED    01              0        0    15400
CHUBB CORP                       COMMON   171232101      233      3450 SH       DEFINED    01           3450        0        0
CIENA CORP                       COMMON   171779101     2711     21500 SH       DEFINED    01              0        0    21500
CIENA CORP                       COMMON   171779101     3043     24128 SH       DEFINED    01          24128        0        0
CILCORP INC                      CBOND    171794AF7     4886   4670000 SH       DEFINED    01        4670000        0        0
CINCINNATI BELL TEL              CBOND    171875AD9     4127   5500000 SH       DEFINED    01        5500000        0        0
CINERGY CORP                     CBOND    172474AF5     7790   8290000 SH       DEFINED    01        8290000        0        0
CISCO SYSTEMS INC                COMMON   17275R102    11334    146600 SH       DEFINED    01              0        0   146600
CISCO SYSTEMS INC                COMMON   17275R102    32383    418871 SH       DEFINED    01         418871        0        0
CALL CISCO SYSTEM JAN 030 ****   OPTLEQTY 17275R9A2     4638     60000     CAL  DEFINED    01          60000        0        0
PUT  CISCO SYSTEM JAN 025 ****   OPTLEQTY 17275R9M6     1546     20000     PUT  DEFINED    01          20000        0        0
PUT  CISCO SYSTEM JAN 030 ****   OPTLEQTY 17275R9M6     4638     60000     PUT  DEFINED    01          60000        0        0
PUT  CISCO SYSTEM JAN 013 ****   OPTLEQTY 17275R9M6     6185     80000     PUT  DEFINED    01          80000        0        0
PUT  CISCO SYSTEM JAN 016 ****   OPTLEQTY 17275R9M6    18555    240000     PUT  DEFINED    01         240000        0        0
PUT  CISCO SYSTEM JAN 32.5****   OPTLEQTY 17275R9M6     7731    100000     PUT  DEFINED    01         100000        0        0
PUT  CISCO SYS    APR 035 ****   OPTLEQTY 17275R9P9    46387    600000     PUT  DEFINED    01         600000        0        0
CINTAS CORP                      COMMON   172908105     1821     46477 SH       DEFINED    01          46477        0        0
PUT  CITIGROUP    JAN 040 PBW    OPTLEQTY 1729659M9     2965     50000     PUT  DEFINED    01          50000        0        0
PUT  CITIGROUP    JAN 050 PBW    OPTLEQTY 1729659M9    12925    275000     PUT  DEFINED    01         275000        0        0
PUT  CITIGROUP    JAN 060 PBW    OPTLEQTY 1729659M9     5338     90000     PUT  DEFINED    01          90000        0        0
CITIGROUP INC                    CEURO    172967AX9     4587   5000000 SH       DEFINED    01        5000000        0        0
CITIGROUP INC                    COMMON   172967101     5541     93437 SH       DEFINED    01              0        0    93437
CITIGROUP INC                    COMMON   172967101    13397    225888 SH       DEFINED    01         225888        0        0
CITIGROUP INC-DEP SHS-REPSTG     PREFCUMU 172967309     7924    165093 SH       DEFINED    01         165093        0        0
CITIGROUP INC-DEP SHS-REPSTG     PREFCUMU 172967507    12425    270130 SH       DEFINED    01         270130        0        0
CITIGROUP INC-DEP SHS-REPSTG     PREFCUMU 172967663    14409    570658 SH       DEFINED    01         570658        0        0
CITIGROUP INC-DEP SHS-REPSTG     PREFCUMU 172967705      212      4449 SH       DEFINED    01           4449        0        0
CITIGROUP INC-DEP SHS-REPSTG     PREFCUMU 172967853    18031    693508 SH       DEFINED    01         693508        0        0
CALL CITIGROUP    APR 050 ****   OPTLEQTY 1729679D5     1482     25000     CAL  DEFINED    01          25000        0        0
CALL CITIGROUP    APR 060 ****   OPTLEQTY 1729679D5     6791    114500     CAL  DEFINED    01         114500        0        0
CALL CITIGROUP    JUN 070 ****   OPTLEQTY 1729679F0      593     10000     CAL  DEFINED    01          10000        0        0
CALL CITIGROUP    SEP 060 ****   OPTLEQTY 1729679I4      593     10000     CAL  DEFINED    01          10000        0        0
PUT  CITIGROUP    APR 045 ****   OPTLEQTY 1729679P8     2965     50000     PUT  DEFINED    01          50000        0        0
PUT  CITIGROUP    APR 060 ****   OPTLEQTY 1729679P8     2461     41500     PUT  DEFINED    01          41500        0        0
PUT  CITIGROUP    JUN 050 ****   OPTLEQTY 1729679R4     2075     35000     PUT  DEFINED    01          35000        0        0
CITIGROUP CAPITAL I TRUST        COMMON   17305F201      470     20000 SH       DEFINED    01              0        0    20000
CITRIX SYSTEMS INC               COMMON   177376100     2878     43450 SH       DEFINED    01              0        0    43450
CITRIX SYSTEMS INC               COMMON   177376100     2339     35314 SH       DEFINED    01          35314        0        0
CITRIX SYS INC                   CBONDCNV 177376AA8     3736   3980000 SH       DEFINED    01        3980000        0        0
CITRIX SYSTEMS INC               CBONDCNV 177376AB6    10259  10929000 SH       DEFINED    01       10929000        0        0
CITY UNIV N Y CTFS PARTN RFDG    MUNICIPL 178711AV9      199    200000 SH       DEFINED    01              0        0   200000
CITYFED FINANCIAL CORP           COMMON   178762100        5     27300 SH       DEFINED    01          27300        0        0
CITYSCAPE FINANCIAL CORP         COMMON   178778106        0     10000 SH       DEFINED    01          10000        0        0
CLARK CNTY NEV INDL DEV REV      MUNIRIB  181004CE0     1244    200000 SH       DEFINED    01         200000        0        0
CLEAR CHANNEL COMMUNICATIONS     COMMON   184502102      548      7938 SH       DEFINED    01           7938        0        0
CLEVELAND OHIO ARPT SPL REV      MUNICIPL 186347AF7     4296   5000000 SH       DEFINED    01        5000000        0        0
CALL AMER ONLINE  APR 055 ****   OPTLEQTY 18799W9D0     1681     25000     CAL  DEFINED    01          25000        0        0
CALL AMER ONLINE  APR 080 ****   OPTLEQTY 18799W9D0     2824     42000     CAL  DEFINED    01          42000        0        0
CALL AMER ONLINE  JUL 070 ****   OPTLEQTY 18799W9G3    13450    200000     CAL  DEFINED    01         200000        0        0
CALL AMER ONLINE  JUL 075 ****   OPTLEQTY 18799W9G3     3362     50000     CAL  DEFINED    01          50000        0        0
PUT  AMER ONLINE  APR 52.5****   OPTLEQTY 18799W9P3     7397    110000     PUT  DEFINED    01         110000        0        0
PUT  AMER ONLINE  APR 065 ****   OPTLEQTY 18799W9P3     8742    130000     PUT  DEFINED    01         130000        0        0
CLOROX CO                        COMMON   189054109      463     14250 SH       DEFINED    01          14250        0        0
CLOSURE MEDICAL CORP             COMMON   189093107      530     20200 SH       DEFINED    01              0        0    20200
CLOTHESTIME INC                  COMMON   189095102        0     13800 SH       DEFINED    01          13800        0        0
COACHMEN INDUSTRIES INC          COMMON   189873102      333     24117 SH       DEFINED    01          24117        0        0
COASTAL CORP                     COMMON   190441105     1581     34388 SH       DEFINED    01          34388        0        0
CALL COASTAL CORP SEP 040 ****   OPTLEQTY 1904419I8     2806     61000     CAL  DEFINED    01          61000        0        0
COASTAL FINANCE I-8.375%         PREFERED 190463208      246     11000 SH       DEFINED    01              0        0    11000
COBB CNTY GA SCH DIST SER B      MUNICIPL 190819HA3       20     20000 SH       DEFINED    01              0        0    20000
COCA COLA CO                     COMMON   191216100     2125     45280 SH       DEFINED    01              0        0    45280
COCA COLA CO                     COMMON   191216100    12902    274887 SH       DEFINED    01         274887        0        0
CALL COCA COLA CO MAY 065 ****   OPTLEQTY 1912169E2    10560    225000     CAL  DEFINED    01         225000        0        0
PUT  COCA COLA CO MAY 045 ****   OPTLEQTY 1912169Q5     2346     50000     PUT  DEFINED    01          50000        0        0
PUT  COCA COLA CO MAY 065 ****   OPTLEQTY 1912169Q5     3520     75000     PUT  DEFINED    01          75000        0        0
PUT  COCA COLA CO AUG 045 ****   OPTLEQTY 1912169T9     2346     50000     PUT  DEFINED    01          50000        0        0
COCA COLA ENTERPRISES INC        CBOND    191219BF0      307    345000 SH       DEFINED    01         345000        0        0
CALL COCA COLA CO JAN 040 ****   OPTLEQTY 19123F9A8     2628     56000     CAL  DEFINED    01          56000        0        0
CALL COCA COLA CO JAN 045 ****   OPTLEQTY 19123F9A8     3872     82500     CAL  DEFINED    01          82500        0        0
CALL COCA COLA CO JAN 050 CBOE   OPTLEQTY 19123F9A8     1173     25000     CAL  DEFINED    01          25000        0        0
CALL COCA COLA CO JAN 070 CBOE   OPTLEQTY 19123F9A8      352      7500     CAL  DEFINED    01           7500        0        0
CALL COCA COLA CO JAN 075 ****   OPTLEQTY 19123F9A8      685     14600     CAL  DEFINED    01          14600        0        0
CALL COCA COLA CO JAN 090 CBOE   OPTLEQTY 19123F9A8     3050     65000     CAL  DEFINED    01          65000        0        0
PUT  COCA COLA CO JAN 050 CBOE   OPTLEQTY 19123F9M2     1408     30000     PUT  DEFINED    01          30000        0        0
PUT  COCA COLA CO JAN 060 CBOE   OPTLEQTY 19123F9M2      469     10000     PUT  DEFINED    01          10000        0        0
CALL COCA COLA CO JAN 040 ****   OPTLEQTY 19123G9A6     8448    180000     CAL  DEFINED    01         180000        0        0
CALL COCA COLA CO JAN 050 CBOE   OPTLEQTY 19123G9A6     1173     25000     CAL  DEFINED    01          25000        0        0
COGENTRIX ENERGY INC             CBOND    192395AD3     1003   1000000 SH       DEFINED    01        1000000        0        0
COINMACH CORP                    CBOND    192596AE4       94    100000 SH       DEFINED    01         100000        0        0
COLGATE PALMOLIVE CO             COMMON   194162103      951     16882 SH       DEFINED    01          16882        0        0
COLONIAL PROPERTIES TRUST        REIT     195872106      237     10000 SH       DEFINED    01              0        0    10000
COLONIAL REALTY LTD PARTNERSHP   MEDNOTE  195896AD7    10808  11750000 SH       DEFINED    01       11750000        0        0
COLOR TILE INC-INCREASING RATE   PREFERED 196267405      469    187700 SH       DEFINED    01         187700        0        0
COLORADO HLTH FAC AUTH REV       MUNI     1964736H0        0    400000 SH       DEFINED    01              0        0   400000
COLORADO HSG FIN AUTH RFDG       MUNICIPL 1964773N1     2373   2200000 SH       DEFINED    01              0        0  2200000
COLORADO HSG FIN AUTH RFDG       MUNICIPL 1964773Q4      372    345000 SH       DEFINED    01              0        0   345000
COLORADO HSG FIN AUTH RESIDUAL   MUNIFLT  1964785L1        0    100000 SH       DEFINED    01         100000        0        0
COLORADO HSG FIN AUTH RESIDUAL   MUNIFLT  1964785P2        0    100000 SH       DEFINED    01         100000        0        0
COLORADO SPRINGS COLO UTILS      MUNIFLT  196630H83       89    100000 SH       DEFINED    01         100000        0        0
***COLT TELECOM GROUP PLC        ADR      196877104     7259     36689 SH       DEFINED    01          36689        0        0
COLUMBIA/HCA HEALTHCARE CORP     MEDNOTE  19767QAJ4      382    390000 SH       DEFINED    01         390000        0        0
COLUMBIA/HCA HEALTHCARE CORP     MEDNOTE  19767QAK1       48     50000 SH       DEFINED    01          50000        0        0
COLUMBIA/HCA HEALTHCARE CORP     MEDNOTE  19767QAL9       87     90000 SH       DEFINED    01          90000        0        0
COLUMBIA/HCA HEALTHCARE CORP     MEDNOTE  19767QAM7      114    120000 SH       DEFINED    01         120000        0        0
COLUMBIA /HCA HEALTHCARE CORP    MEDNOTE  19767QAQ8       57     70000 SH       DEFINED    01          70000        0        0
COLUMBIA/HCA HEALTHCARE          MEDNOTE  197677AK3     1567   1750000 SH       DEFINED    01        1750000        0        0
COLUMBIA HCA HEALTHCARE CORP     CBOND    197677AD9     1856   2275000 SH       DEFINED    01        2275000        0        0
COLUMBIA/HCA HEALTHCARE          CBOND    197677AL1      616    700000 SH       DEFINED    01         700000        0        0
COLUMBIA HLTHCARE CORP NOTE      CBOND    197679AA1     2456   2500000 SH       DEFINED    01        2500000        0        0
COLUMBIA SAVINGS & LOAN ASSN     COMMON   198415101     2931    405954 SH       DEFINED    01         405954        0        0
CALL CONEXANT SYS OCT 130 ****   OPTLEQTY 2C399W9J1     3727     52500     CAL  DEFINED    01              0        0    52500
COMCAST CORP-SPECIAL CL A        CLASS    200300200     2547     58724 SH       DEFINED    01          58724        0        0
COMDISCO INC                     COMMON   200336105      587     13312 SH       DEFINED    01          13312        0        0
COMERICA INC                     COMMON   200340107      273      6520 SH       DEFINED    01           6520        0        0
COMERICA INC-FIXED/ADJ PFD       PREFERED 200340503    10175    200000 SH       DEFINED    01         200000        0        0
COMFED BANCORP INC               COMMON   200380103        0    165227 SH       DEFINED    01         165227        0        0
***COMMEMORATIVE BRANDS INC      CBOND    200505AA3     2175   3750000 SH       DEFINED    01        3750000        0        0
COMMERCE ONE INC                 COMMON   200693109     3970     26600 SH       DEFINED    01          26600        0        0
COMMERCIAL CREDIT NOTES          CBOND    201615BQ3     5771   5000000 SH       DEFINED    01        5000000        0        0
COMMERCIAL LOAN FUNDING TR I     CBOND    201721AD9    33000  33000000 SH       DEFINED    01       33000000        0        0
COMMONWEALTH EDISON CO IST MTG   CBOND    202795FA3       99    100000 SH       DEFINED    01              0        0   100000
COMMUNITY HEALTH COMPUTING       COMMON   203660105       18    144350 SH       DEFINED    01         144350        0        0
COMMUNITY HEALTH SYS INC SER A   MUNIFLT  203666AA0        0     30000 SH       DEFINED    01          30000        0        0
***COMPANHIA ENERGETICA DE SAO   ADR      20440P209      202    100000 SH       DEFINED    01         100000        0        0
***COMPANIA DE TELECOMUNICACI-   ADR      204449300      624     27450 SH       DEFINED    01          27450        0        0
COMPAQ COMPUTER CORP             COMMON   204493100    16881    634035 SH       DEFINED    01         634035        0        0
CALL COMPAQ COMP  APR 030 PSE    OPTLEQTY 2044939D4     5325    200000     CAL  DEFINED    01         200000        0        0
CALL COMPAQ COMP  APR 32.5PSE    OPTLEQTY 2044939D4     2662    100000     CAL  DEFINED    01         100000        0        0
COMPLETE MANAGEMENT INC          CBONDCNV 20452CAA2        4     25000 SH       DEFINED    01          25000        0        0
CALL COMPUT ASSOC MAY 070 CBOE   OPTLEQTY 2049129E1     2367     40000     CAL  DEFINED    01          40000        0        0
PUT  COMPUT ASSOC APR 075 CBOE   OPTLEQTY 2049129P6     5918    100000     PUT  DEFINED    01         100000        0        0
COMPUWARE CORP                   COMMON   205638109      754     35839 SH       DEFINED    01          35839        0        0
COMVERSE TECHNOLOGY INC NEW      COMMON   205862402     2692     14244 SH       DEFINED    01          14244        0        0
COMVERSE TECHNOLOGY INC          CBONDCNV 205862AG0     3539    810000 SH       DEFINED    01         810000        0        0
CONAGRA INC                      COMMON   205887102      957     52849 SH       DEFINED    01          52849        0        0
CALL CONAGRA INC  SEP 22.5AMEX   OPTLEQTY 2058879I5      906     50000     CAL  DEFINED    01          50000        0        0
***CONCENTRIC NETWORK CORP       COMMON   20589R107     1387     25232 SH       DEFINED    01          25232        0        0
COMPUTER HORIZONS CORP           COMMON   205908106     2671    156000 SH       DEFINED    01         156000        0        0
CONCORD EFS INC                  COMMON   206197105     1148     50079 SH       DEFINED    01          50079        0        0
***CONCORDIA PAPER HOLDINGS      ADR      206575102       20     50390 SH       DEFINED    01          50390        0        0
CONECTIV                         MEDNOTE  20682PAA5     3274   3375000 SH       DEFINED    01        3375000        0        0
CONEXANT SYSTEMS INC             COMMON   207142100     5379     75766 SH       DEFINED    01              0        0    75766
CONEXANT SYSTEMS INC             COMMON   207142100     2507     35312 SH       DEFINED    01          35312        0        0
CALL CONEXANT SYS APR 035 ****   OPTLEQTY 2071429D4      710     10000     CAL  DEFINED    01              0        0    10000
CALL CONEXANT SYS APR 37.5****   OPTLEQTY 2071429D4      710     10000     CAL  DEFINED    01              0        0    10000
CALL CONEXANT SYS OCT 100 ****   OPTLEQTY 2071429J1      710     10000     CAL  DEFINED    01              0        0    10000
CONNECTICUT ST HLTH & EDL FACS   MUNIFLT  20774LBN4      150    150000 SH       DEFINED    01         150000        0        0
CONNECTICUT ST HLTH & EDL FACS   MUNIFLT  20774LBP9       50     50000 SH       DEFINED    01          50000        0        0
CONNECTICUT ST HLTH & EDL FACS   MUNI     207742WX1        0   1800000 SH       DEFINED    01              0        0  1800000
CONNECTICUT HSG FIN AUTH HSG     MUNICIPL 207745U57      408    400000 SH       DEFINED    01              0        0   400000
CONNECTICUT STATE HSG FIN AUTH   MUNICIPL 2077453X6     2235   2160000 SH       DEFINED    01              0        0  2160000
CONNECTICUT ST HSG FIN AUTH      MUNICIPL 2077454J6      298    285000 SH       DEFINED    01              0        0   285000
CONNECTICUT ST HSG FIN AUTH      MUNICIPL 2077454X5       50     50000 SH       DEFINED    01              0        0    50000
CONNECTICUT ST HSG FIN AUTH      MUNICIPL 207746C55      769    760000 SH       DEFINED    01              0        0   760000
CONNECTICUT ST HSG FIN AUTH      MUNICIPL 207746C55     1027   1015000 SH       DEFINED    01        1015000        0        0
CONNECTICUT ST HSG FIN AUTH      MUNICIPL 2077463L0      146    150000 SH       DEFINED    01              0        0   150000
CONNECTOR 2000 ASSN INC S C      MUNICIPL 20786LAB7     3781   5245000 SH       DEFINED    01        5245000        0        0
CONNECTOR 2000 ASSOC INC TOLL    MUNICIPL 20786LAS0     2384  12700000 SH       DEFINED    01       12700000        0        0
CONNECTOR 2000 ASSOC INC TOLL    MUNICIPL 20786LAT8     2235  13000000 SH       DEFINED    01       13000000        0        0
CONNECTOR 2000 ASSOC INC TOLL    MUNICIPL 20786LAV3     2386  16200000 SH       DEFINED    01       16200000        0        0
CONNECTOR 2000 ASSOC INC TOLL    MUNICIPL 20786LBP5      346    900000 SH       DEFINED    01         900000        0        0
CONNECTOR 2000 ASSOC INC TOLL    MUNICIPL 20786LBQ3     1453   4100000 SH       DEFINED    01        4100000        0        0
CONNECTOR 2000 ASSOC INC TOLL    MUNICIPL 20786LBR1     1363   4200000 SH       DEFINED    01        4200000        0        0
CONNECTOR 2000 ASSOC INC TOLL    MUNICIPL 20786LBX8      780   4000000 SH       DEFINED    01        4000000        0        0
CONNECTOR 2000 ASSOC INC TOLL    MUNICIPL 20786LBY6      801   4465000 SH       DEFINED    01        4465000        0        0
CONNECTICUT ST ARPT REV          MUNIFLT  207904CF8     1840    185000 SH       DEFINED    01         185000        0        0
CONNECTICUT ST ARPTS REV RI-     MUNIRIB  207904CJ0     2081     30000 SH       DEFINED    01          30000        0        0
CONOCO INC-CL B                  COMMON   208251405      223      8741 SH       DEFINED    01           8741        0        0
CONOCO INC                       CBOND    208251AC2    27617  29035000 SH       DEFINED    01       29035000        0        0
CONOCO INC                       CBOND    208251AE8    10040  11000000 SH       DEFINED    01       11000000        0        0
CONSECO FINANCING TRUST VII      COMMON   20846D206      702     41000 SH       DEFINED    01              0        0    41000
CONSECO FINANCING TRUST VII      COMMON   20846D206     1048     61200 SH       DEFINED    01          61200        0        0
CONSECO FING TRUST II            CBOND    20846GAA8    10870  14115000 SH       DEFINED    01       14115000        0        0
CONSECO FINANCE TR III           CBOND    20846JAA2     3888   5000000 SH       DEFINED    01        5000000        0        0
CALL CONSECO INC  MAY 020 ****   OPTLEQTY 2084649E9      228     20000     CAL  DEFINED    01          20000        0        0
CONSOLIDATED EDISON INC          COMMON   209115104      215      7429 SH       DEFINED    01           7429        0        0
CONSOLIDATED PAPERS INC          COMMON   209759109      221      5750 SH       DEFINED    01           5750        0        0
CONSUMERS ENERGY CO FINANCING    COMMON   21052A209      793     37000 SH       DEFINED    01          37000        0        0
CONTIFINANCIAL CORP              CBOND    21075VAA5     1161  12900000 SH       DEFINED    01       12900000        0        0
CONTIFINANCIAL CORP              CBOND    21075VAC1     1148  12760000 SH       DEFINED    01       12760000        0        0
CONTIFINANCIAL CORP              CBOND    21075VAD9      472   5250000 SH       DEFINED    01        5250000        0        0
CONTINENTAL AIRLINES HLDGS INC   CBOND    2108029E6        0    500000 SH       DEFINED    01         500000        0        0
CONTINENTAL AIRLINES PASS THRU   CBOND    210805BF3      573    560000 SH       DEFINED    01         560000        0        0
CONTINENTAL AIRLINES INC         CBOND    210805CB1     5753   6170000 SH       DEFINED    01        6170000        0        0
CONTL AIR 00-1 PASS-THRU         CBOND    210805CZ8     8191   8000000 SH       DEFINED    01        8000000        0        0
CONTINUUM GROUP INC NEW          COMMON   212178305      125    125266 SH       DEFINED    01         125266        0        0
CONTRA COSTA CALIF TRANSN AUTH   MUNICIPL 21221MBW9       49     50000 SH       DEFINED    01              0        0    50000
CONTRA COSTA CNTY CALIF          MUNIRIB  21223TMG5       96    100000 SH       DEFINED    01         100000        0        0
CONVERGYS CORP                   COMMON   212485106      448     11620 SH       DEFINED    01          11620        0        0
COOK CNTY ILL G/O RFDG SER A     MUNICIPL 213183WG7       50     50000 SH       DEFINED    01          50000        0        0
COOK CO ILL SINGLE FAM MTG REV   MUNICIPL 216144CE3        1     10000 SH       DEFINED    01          10000        0        0
COOPER CAMERON CORP              COMMON   216640102      615      9200 SH       DEFINED    01           9200        0        0
COPART INC                       COMMON   217204106      549     31428 SH       DEFINED    01          31428        0        0
COR THERAPEUTICS INC             COMMON   217753102     1683     25540 SH       DEFINED    01          25540        0        0
COR THERAPEUTICS  INC            CBONDCNV 217753AC6     3200   2750000 SH       DEFINED    01        2750000        0        0
CORAL COMPANIES INC NEW          COMMON   217764307        0    153600 SH       DEFINED    01         153600        0        0
CORECOMM LTD                     CBONDCNV 21869NAC9     1753   1000000 SH       DEFINED    01        1000000        0        0
PUT  CORNING INC  MAY 085 CBOE   OPTLEQTY 2193509Q0     1940     10000     PUT  DEFINED    01          10000        0        0
***CORP ANDINA DE FORMENTO       CBOND    219868AD8      194    200000 SH       DEFINED    01         200000        0        0
LEHMAN BROTHERS CORP             CBOND    21988EAB7     3500   3500000 SH       DEFINED    01        3500000        0        0
CALL JDS UNIPHASE SEP 100 ****   OPTLEQTY 22099W9I8     1205     10000     CAL  DEFINED    01              0        0    10000
COSTCO WHOLESALE CORP-NEW        COMMON   22160K105     2137     40663 SH       DEFINED    01          40663        0        0
COSTILLA ENERGY INC              CBOND    22161GAA1     2432  13900000 SH       DEFINED    01       13900000        0        0
COSTILLA ENERGY INC              CBOND    22161GAD5     1101   6295000 SH       DEFINED    01        6295000        0        0
COUNTRYWIDE FUNDING CORP         MEDNOTE  22237LDZ2      926    960000 SH       DEFINED    01         960000        0        0
COUNTRYWIDE FUNDING CORP         MEDNOTE  22237LEA6       98    100000 SH       DEFINED    01              0        0   100000
COUNTRYWIDE HOME LNS INC         MEDNOTE  22237LEJ7      245    250000 SH       DEFINED    01         250000        0        0
COUNTRYWIDE HOME LN INC          MEDNOTE  22237LEY4     4363   4602000 SH       DEFINED    01        4602000        0        0
COUNTY BANK-A FED SVGS BANK      COMMON   222403107        0    108105 SH       DEFINED    01         108105        0        0
COUPON-TREAS RCPT-INT PMT ON     USTRES   222655EY4       13     13960 SH       DEFINED    01          13960        0        0
COUPON TREAS RCPT-INT PMT ON     USTRES   222655LT7       69     82315 SH       DEFINED    01          82315        0        0
COURTYARD BY MARRIOTT II LTD     CBOND    222746AC3    14433  13845000 SH       DEFINED    01       13845000        0        0
COVAD COMMUNICATIONS GROUP INC   COMMON   222814204      911     12578 SH       DEFINED    01          12578        0        0
COVINGTON DEVELOPMENT GROUP      COMMON   223141102        0     26900 SH       DEFINED    01          26900        0        0
CALL AT&T CP-LIB  APR 050 ****   OPTLEQTY 22399W9D6     4443     75000     CAL  DEFINED    01          75000        0        0
CALL AT&T CP-LIB  APR 055 ****   OPTLEQTY 22399W9D6     2962     50000     CAL  DEFINED    01          50000        0        0
CALL AT&T CP-LIB  APR 060 ****   OPTLEQTY 22399W9D6     2962     50000     CAL  DEFINED    01          50000        0        0
CALL AT&T CP-LIB  MAY 055 ****   OPTLEQTY 22399W9E4      888     15000     CAL  DEFINED    01          15000        0        0
CALL AT&T CP-LIB  JUL 055 ****   OPTLEQTY 22399W9G9     1185     20000     CAL  DEFINED    01          20000        0        0
CALL AT&T CP-LIB  JUL 065 ****   OPTLEQTY 22399W9G9     1185     20000     CAL  DEFINED    01          20000        0        0
PUT  AT&T CP-LIB  JUL 050 ****   OPTLEQTY 22399W9S3     5925    100000     PUT  DEFINED    01         100000        0        0
PUT  AT&T CP-LIB  JUL 055 ****   OPTLEQTY 22399W9S3     1185     20000     PUT  DEFINED    01          20000        0        0
COX COMMUNICATIONS INC NEW       CBOND    224044AN7     9318  10930000 SH       DEFINED    01       10930000        0        0
COX COMMUNICATIONS INC NEW       CLASS    224044107      327      6750 SH       DEFINED    01           6750        0        0
COX INTERPRISES INC              CBOND    224050AJ3     2718   2735000 SH       DEFINED    01        2735000        0        0
CRAY COMPUTER CORP               COMMON   225222108        0     38800 SH       DEFINED    01          38800        0        0
CRIIMI MAE INC                   CBOND    226603AB4    20279  23650000 SH       DEFINED    01       23650000        0        0
CRIIMI MAE INC-10.875% CUM       PREFCONV 226603207     1202     78200 SH       DEFINED    01          78200        0        0
CRITICAL INDUSTRIES INC          COMMON   22674J107        0    135100 SH       DEFINED    01         135100        0        0
CRITICAL PATH INC                COMMON   22674V100    38158    448927 SH       DEFINED    01              0        0   448927
CRITICAL PATH INC                COMMON   22674V100     1743     20512 SH       DEFINED    01          20512        0        0
CROSS TIMBERS OIL CO             COMMON   227573102      376     28800 SH       DEFINED    01          28800        0        0
CROSS TIMBERS OIL CO             CBOND    227573AG7     2104   2300000 SH       DEFINED    01        2300000        0        0
CROSSLAND SVGS FEDL SVGS BK      CBOND    227901AF2        0   5000000 SH       DEFINED    01        5000000        0        0
PUT  AMER ONLINE  APR 32.5****   OPTLEQTY 22799W9P5    13450    200000     PUT  DEFINED    01         200000        0        0
CROWN CASTLE INTL CORP           COMMON   228227104      200      5300 SH       DEFINED    01              0        0     5300
CROWN CASTLE INTL CORP           CBOND    228227AB0     5762   8351000 SH       DEFINED    01        8351000        0        0
CROWN CASTLE INTL CORP           CBOND    228227AH7      121    130000 SH       DEFINED    01         130000        0        0
CROWN CORK & SEAL CO INC         COMMON   228255105      708     44262 SH       DEFINED    01          44262        0        0
CROWN PACKAGING ENTERPRISES      COMMON   228441101        0   1359637 SH       DEFINED    01        1359637        0        0
WTS CROWN PACKAGING HOLDINGS     WARRANT  228443115     1353     46283 SH       DEFINED    01          46283        0        0
CRYSTAL BRANDS INC               COMMON   229070107        0     30300 SH       DEFINED    01          30300        0        0
CUCAMONGA CALIF CNTY WTR DIST    MUNIRIB  229694CX0     2970   1350000 SH       DEFINED    01        1350000        0        0
CUDDY INTL CORP                  CBOND    229786AC2     8602  18500000 SH       DEFINED    01       18500000        0        0
CUMULUS MEDIA INC                COMMON   231082207      431      4146 SH       DEFINED    01           4146        0        0
***CUMULUS MEDIA INC             CBOND    231082AA6     8424   9600000 SH       DEFINED    01        9600000        0        0
CUMULUS MEDIA INC-CL A           CLASS    231082108     2245    156243 SH       DEFINED    01         156243        0        0
CURAGEN CORP                     COMMON   23126R101      251      5373 SH       DEFINED    01           5373        0        0
CURAGEN CORP                     CBONDCNV 23126RAA9    13361  16470000 SH       DEFINED    01       16470000        0        0
CYPRESS BIOSCIENCES INC          COMMON   232674101      102     33333 SH       DEFINED    01          33333        0        0
CYPRESS SEMICONDUCTOR CORP       COMMON   232806109      469      9524 SH       DEFINED    01           9524        0        0
DR STRUCTURED FIN CORP SER       CBOND    232928AF8       16   1692173 SH       DEFINED    01        1692173        0        0
DII GROUP INC                    COMMON   232949107     2859     25288 SH       DEFINED    01          25288        0        0
DQE                              COMMON   23329J104      216      4768 SH       DEFINED    01           4768        0        0
DR INVESTMENTS SR NT             CBOND    23330WAA0    20992  21300000 SH       DEFINED    01       21300000        0        0
D R HORTON INC                   COMMON   23331A109     2336    178851 SH       DEFINED    01              0        0   178851
DST SYSTEMS INC-DEL              COMMON   233326107      260      4015 SH       DEFINED    01           4015        0        0
DADE CNTY FLA IDA IDR SER A      MUNIFLT  233905CE6       20     20000 SH       DEFINED    01          20000        0        0
DALLAS FORT WORTH TEX INTL       MUNIFLT  235036AS9        0   5000000 SH       DEFINED    01        5000000        0        0
DALLAS TEX G/O                   MUNICIPL 235218UP7     3294   3465000 SH       DEFINED    01        3465000        0        0
DALLAS TEX WTRWKS & SWR SYS      MUNIFLT  235416QY3        0   1225000 SH       DEFINED    01        1225000        0        0
DIGITAL ARTS & SCIENCES CP       PREFERED 237671110        0     20000 SH       DEFINED    01          20000        0        0
DATASCOPE CORP                   COMMON   238113104     1476     46500 SH       DEFINED    01          46500        0        0
DAYS INNS OF AMERICA INC SR      CBOND    239623AJ0        0   1500000 SH       DEFINED    01        1500000        0        0
DELAWARE RIV&BAY AUTH DEL AUTH   MUNICIPL 246307BE1      100    100000 SH       DEFINED    01              0        0   100000
DELAWARE RIV AND BAY AUTH DEL    MUNICIPL 246307BF8       99    100000 SH       DEFINED    01              0        0   100000
DELAWARE RIV & BAY AUTH DEL      MUNICIPL 246307BG6       99    100000 SH       DEFINED    01              0        0   100000
DELAWARE RIV PORT AUTH PA & N    MUNICIPL 246348BK1    36645  36790000 SH       DEFINED    01       36790000        0        0
DELL COMPUTER CORP               COMMON   247025109    14798    274367 SH       DEFINED    01         274367        0        0
CALL DELL COMPUTR APR 47.5****   OPTLEQTY 2470259D3     2696     50000     CAL  DEFINED    01          50000        0        0
CALL DELL COMPUTR MAY 055 ****   OPTLEQTY 2470259E1     3236     60000     CAL  DEFINED    01          60000        0        0
PUT  DELL COMPUTR APR 37.5****   OPTLEQTY 2470259P6     1078     20000     PUT  DEFINED    01          20000        0        0
DELPHI AUTOMOTIVE SYS CORP       COMMON   247126105      218     13677 SH       DEFINED    01          13677        0        0
DELTA AIRLINES INC DEL PASS      CBOND    247367AF2     1234   1000000 SH       DEFINED    01        1000000        0        0
DENVER COLO CITY & CNTY ARPT     MUNICIPL 249181SL3     2774   3000000 SH       DEFINED    01        3000000        0        0
DENVER COLO CITY & CNTY ARPT     MUNIFLT  249181WA2       84    100000 SH       DEFINED    01         100000        0        0
DENVER COLO CITY & CNTY ARPT     MUNIRIB  249181WQ7       44     40000 SH       DEFINED    01          40000        0        0
DENVER COLO CITY & CNTY ARPT     MUNIRIB  249181XD5     1100     30000 SH       DEFINED    01          30000        0        0
DENVER COLO CITY & CNTY ARPT     MUNIRIB  249181XG8     1274     65000 SH       DEFINED    01          65000        0        0
DENVER COLO CITY & CNTY ARPT     MUNIFLT  249181XM5        0    250000 SH       DEFINED    01         250000        0        0
DENVER COLO CITY & CNTY ARPT     MUNIFLT  249181XQ6        0    890000 SH       DEFINED    01         890000        0        0
***DESCARTES SYSTEMS GROUP INC   COMMON   249906108      287      6100 SH       DEFINED    01           6100        0        0
DETROIT MICH SEW DISP REV        MUNICIPL 251237VV2     4977   4900000 SH       DEFINED    01        4900000        0        0
DETROIT MICH SEW DISP REV        MUNIFLT  251237WE9        0   3795000 SH       DEFINED    01        3795000        0        0
DETROIT MICH WTR SUPPLY SYS      MUNIFLT  251255ZN8        0   1155000 SH       DEFINED    01        1155000        0        0
***DEUTSCHE TELEKOM AG           ADR      251566105      477      5945 SH       DEFINED    01           5945        0        0
DEVELOPERS DIVERSIFIED REALTY    REIT     251591103      334     24120 SH       DEFINED    01          24120        0        0
DEVON ENERGY CORPORATION NEW     COMMON   25179M103      293      6048 SH       DEFINED    01           6048        0        0
DEVON ENERGY CORP NEW            CBONDCNV 25179MAB9     1372   1400000 SH       DEFINED    01        1400000        0        0
DIAMOND OFFSHORE DRILLING INC    CBONDCNV 25271CAA0     1531   1343000 SH       DEFINED    01        1343000        0        0
DIAMONDS TRUST-UNIT SERIES 1     COMMON   252787106      612      5600 SH       DEFINED    01           5600        0        0
DICKINSON N D HEALTHCARE FACS    MUNICIPL 253259AK1     9843   9650000 SH       DEFINED    01        9650000        0        0
DICKINSON N D HLTHCARE FAC REV   MUNICIPL 253259AL9     2794   2740000 SH       DEFINED    01        2740000        0        0
DIEBOLD INC                      COMMON   253651103      476     17314 SH       DEFINED    01          17314        0        0
DIGITAL ISLAND INC DEL           COMMON   25385N101     1106     18155 SH       DEFINED    01          18155        0        0
DIGITRAN SYSTEMS INC             COMMON   253898100        7     52300 SH       DEFINED    01          52300        0        0
CALL DIME BANCORP APR 17.5AMEX   OPTLEQTY 25429Q9D6      381     20600     CAL  DEFINED    01          20600        0        0
DISCOVERY SYSTEMS LTD NEW        COMMON   254679202        0     13000 SH       DEFINED    01          13000        0        0
WALT DISNEY COMPANY              CBOND    25468PBJ4     1960   2000000 SH       DEFINED    01        2000000        0        0
WALT DISNEY CO HOLDING CO        COMMON   254687106     3558     86012 SH       DEFINED    01          86012        0        0
CALL WALT DISNEY  APR 035 ****   OPTLEQTY 2546879D0     1655     40000     CAL  DEFINED    01          40000        0        0
CALL WALT DISNEY  APR 37.5****   OPTLEQTY 2546879D0     2068     50000     CAL  DEFINED    01          50000        0        0
CALL WALT DISNEY  APR 27.5****   OPTLEQTY 2546879D0     2068     50000     CAL  DEFINED    01          50000        0        0
CALL WALT DISNEY  APR 32.5****   OPTLEQTY 2546879D0     2275     55000     CAL  DEFINED    01          55000        0        0
CALL WALT DISNEY  JUL 025 ****   OPTLEQTY 2546879G3     3818     92300     CAL  DEFINED    01          92300        0        0
CALL WALT DISNEY  JUL 37.5****   OPTLEQTY 2546879G3     2068     50000     CAL  DEFINED    01          50000        0        0
PUT  WALT DISNEY  APR 37.5****   OPTLEQTY 2546879P3     6206    150000     PUT  DEFINED    01         150000        0        0
PUT  WALT DISNEY  JUL 32.5****   OPTLEQTY 2546879S7     2068     50000     PUT  DEFINED    01          50000        0        0
CALL WALT DISNEY  JAN 020 ****   OPTLEQTY 25469G9A5      413     10000     CAL  DEFINED    01          10000        0        0
CALL WALT DISNEY JAN 040  ****   OPTLEQTY 25469G9A5     2772     67000     CAL  DEFINED    01          67000        0        0
CALL WALT DISNEY JAN 050  ****   OPTLEQTY 25469G9A5     4137    100000     CAL  DEFINED    01         100000        0        0
PUT  WALT DISNEY JAN 040  ****   OPTLEQTY 25469G9M9     1034     25000     PUT  DEFINED    01          25000        0        0
DISTRICT COLUMBIA G/O SER A      MUNICIPL 254760UA7      204    200000 SH       DEFINED    01              0        0   200000
DISTRICT COLUMBIA G/O VAR-GEN    MUNIFLT  254760WY3      400    400000 SH       DEFINED    01         400000        0        0
DISTRICT COLUMBIA REV-SER A      MUNICIPL 254839GD9      105    100000 SH       DEFINED    01              0        0   100000
DISTRICT COLUMBIA REV RFDG       MUNICIPL 254839MN0      100    100000 SH       DEFINED    01              0        0   100000
DISTRICT COLUMBIA REV RFDG-      MUNICIPL 254839QF3      572    560000 SH       DEFINED    01         560000        0        0
DIXCOM INC                       COMMON   255425100        1    232500 SH       DEFINED    01         232500        0        0
DOBSON COMMUNICATIONS CORP       COMMON   256069105      529     23000 SH       DEFINED    01              0        0    23000
DOBSON COMMUNICATIONS CORP       COMMON   256069105      897     39000 SH       DEFINED    01          39000        0        0
DOBSON SYGNET COMMUNICATIONS     CBOND    25607PAB4     4295   4170000 SH       DEFINED    01        4170000        0        0
DOBSON COMMUNICATIONS CORP       PREFERED 256072307     1160     11936 SH       DEFINED    01          11936        0        0
DOBSON COMMUNICATIONS CORP       PREFERED 256072505     1574     14891 SH       DEFINED    01          14891        0        0
DOLLAR FINANCIAL GROUP INC       CBOND    256666AB4     7014   7050000 SH       DEFINED    01        7050000        0        0
DOLLAR TREE STORES INC           COMMON   256747106      672     12893 SH       DEFINED    01          12893        0        0
DOMINION RESOURCES CAP TR I      PFDTRUST 25746RAE6      911   1000000 SH       DEFINED    01        1000000        0        0
DONALDSON LUFKIN& JENRETTE INC   MEDNOTE  25766CAN4      694    725000 SH       DEFINED    01         725000        0        0
DONALDSON LUFKIN & JENRETTE      COMMON   257661504      183     13800 SH       DEFINED    01          13800        0        0
DONALDSON LUFLIN & JENRETTE      PREFERED 257661207     3650     73100 SH       DEFINED    01          73100        0        0
DONALDSON LUFKIN & JENRETTE      PREFERED 257661306    18603    385568 SH       DEFINED    01         385568        0        0
DOUBLECLICK INC                  COMMON   258609304     1984     21200 SH       DEFINED    01          21200        0        0
DOW CAPITAL B V-NTS              CBOND    260540AF6       99    100000 SH       DEFINED    01              0        0   100000
DOW CHEMICAL CO                  COMMON   260543103      306      2689 SH       DEFINED    01           2689        0        0
CALL DOW CHEMICAL APR 115 ****   OPTLEQTY 2605439D7     4560     40000     CAL  DEFINED    01          40000        0        0
PUT  DOW CHEMICAL APR 105 ****   OPTLEQTY 2605439P0      957      8400     PUT  DEFINED    01           8400        0        0
PUT  DOW CHEMICAL JUN 090 CBOE   OPTLEQTY 2605439R6     2850     25000     PUT  DEFINED    01          25000        0        0
DOW CORNING CORP                 MEDNOTE  260547AE4     4068   3100000 SH       DEFINED    01        3100000        0        0
DOW CORNING CORP                 MEDNOTE  260547AF1      399    300000 SH       DEFINED    01         300000        0        0
DOW CORNING CORP DEBS-REG        CBOND    260547AB0     7441   5315000 SH       DEFINED    01        5315000        0        0
DOW CORNING CORP DEB             CBOND    260547AC8     4093   3032000 SH       DEFINED    01        3032000        0        0
DOW CORNING CORP                 CBOND    260547AG9     1213   1500000 SH       DEFINED    01        1500000        0        0
DRESDNER FUNDING TRUST I         CBOND    26156FAA1    32369  34615000 SH       DEFINED    01       34615000        0        0
E I DU PONT DE NEMOURS & CO      COMMON   263534109     1527     28885 SH       DEFINED    01          28885        0        0
CALL DUPONT       APR 060 ****   OPTLEQTY 2635349D3     1586     30000     CAL  DEFINED    01          30000        0        0
PUT  DUPONT       APR 045 ****   OPTLEQTY 2635349P6     5287    100000     PUT  DEFINED    01         100000        0        0
PUT  DUPONT       JUL 045 ****   OPTLEQTY 2635349S0     2643     50000     PUT  DEFINED    01          50000        0        0
DUKE ENERGY CORP                 COMMON   264399106      581     11074 SH       DEFINED    01          11074        0        0
PUT  DUKE ENERGY  JUL 045 PBW    OPTLEQTY 2643999S7     1050     20000     PUT  DEFINED    01          20000        0        0
DYNATRONICS CORP                 COMMON   268157104       41     39060 SH       DEFINED    01          39060        0        0
DYNEGY HOLDINGS INC              CBOND    26816LAC6     2497   2500000 SH       DEFINED    01        2500000        0        0
DYNEGY INC (HOLDING CO)          COMMON   26816Q101      545      8693 SH       DEFINED    01           8693        0        0
EES COKE BATTERY INC SR          CBOND    26842EAC0       93    100000 SH       DEFINED    01         100000        0        0
EEX CORPORATION - NEW            COMMON   26842V207     2631    779800 SH       DEFINED    01         779800        0        0
EECO INC                         COMMON   268420106        0     68144 SH       DEFINED    01          68144        0        0
EMC CORP-MASS                    COMMON   268648102     2839     22713 SH       DEFINED    01          22713        0        0
ENSCO INTERNATIONAL INC          COMMON   26874Q100      432     11968 SH       DEFINED    01          11968        0        0
EOG RES INC                      PREFCUMU 26875P200    10000     10000 SH       DEFINED    01          10000        0        0
ERD WASTE CORP                   COMMON   268928108        0     10000 SH       DEFINED    01          10000        0        0
ETEC SYSTEMS INC                 COMMON   26922C103     6120     49112 SH       DEFINED    01          49112        0        0
ETC TECHNOLOGIES CORP            COMMON   269221107       50     10000 SH       DEFINED    01          10000        0        0
E-TEK DYNAMICS INC               COMMON   269240107      846      3600 SH       DEFINED    01           3600        0        0
E TRADE GROUP INC                COMMON   269246104      548     18201 SH       DEFINED    01          18201        0        0
EARTHLINK INC                    COMMON   270321102      298     15346 SH       DEFINED    01          15346        0        0
***EAST COAST POWER LLC          CBOND    271790AF4     7529   8185000 SH       DEFINED    01        8185000        0        0
PUT  AMER ONLINE  JAN 045 ****   OPTLEQTY 27499W9M4     2017     30000     PUT  DEFINED    01          30000        0        0
EASTERN ENERGY LTD               CBOND    27636PAA7     9403  10000000 SH       DEFINED    01       10000000        0        0
EASTLAND FINANCIAL CORP          COMMON   277379103        0     87887 SH       DEFINED    01          87887        0        0
EASTMAN KODAK CO                 COMMON   277461109      704     12973 SH       DEFINED    01          12973        0        0
CALL EASTMAN KODK JAN 060 CBOE   OPTLEQTY 2774649A3     2715     50000     CAL  DEFINED    01          50000        0        0
PUT  EASTMAN KODK JAN 055 CBOE   OPTLEQTY 2774649M7     1357     25000     PUT  DEFINED    01          25000        0        0
PUT  EASTMAN KODK JAN 065 CBOE   OPTLEQTY 2774649M7     1357     25000     PUT  DEFINED    01          25000        0        0
ETR SER 6 INT PMT 2009/14&PRIN   USTRES   277847JT7        7     14000 SH       DEFINED    01          14000        0        0
EBAY INC                         COMMON   278642103     3083     17521 SH       DEFINED    01          17521        0        0
***ECHOSTAR DEBENTURES CORP      CFGN     27876GAE8       96    100000 SH       DEFINED    01         100000        0        0
ECHOSTAR COMMUNICATIONS CORP     COMMON   278762109    62387    789710 SH       DEFINED    01         789710        0        0
EDIETS COM INC                   COMMON   280597105        0     18572 SH       DEFINED    01          18572        0        0
EDISON INTERNATIONAL             COMMON   281020107     1385     83634 SH       DEFINED    01          83634        0        0
***EDISPATCH COM WIRELESS        COMMON   281066100      164     15000 SH       DEFINED    01          15000        0        0
EDUCATION LNS INC S D STUDENT    MUNICIPL 28139WAH7    12401  13300000 SH       DEFINED    01       13300000        0        0
A G EDWARDS INC                  COMMON   281760108      227      5683 SH       DEFINED    01           5683        0        0
EGGHEAD.COM INC                  COMMON   282329101      488     69500 SH       DEFINED    01          69500        0        0
EL PASO ENERGY CAPITAL TRUST I   PREFCONV 283678209      987     18800 SH       DEFINED    01          18800        0        0
EL PASO TENNESSEE PIPELINE CO    PREFCUMU 283727204    25174    485000 SH       DEFINED    01         485000        0        0
***ELAN CORP PLC-ADR             ADR      284131208     1363     28700 SH       DEFINED    01          28700        0        0
ELECTRO BRAIN INTL CORP NEW      COMMON   285062204       36    328029 SH       DEFINED    01         328029        0        0
ELECTRONIC ARTS INC              COMMON   285512109     1032     14509 SH       DEFINED    01          14509        0        0
ELECTRONIC DATA SYSTEMS INC      CBOND    285659AB4     2999   3000000 SH       DEFINED    01        3000000        0        0
ELIZABETHTON TENN HLTH & EDL     MUNICIPL 286830DK7    16388  16170000 SH       DEFINED    01       16170000        0        0
EMARKETPLACE INC                 COMMON   290783109      146     16304 SH       DEFINED    01          16304        0        0
***EMBRATEL PARTICIPACOES SA     ADR      29081N100      597     23324 SH       DEFINED    01          23324        0        0
EMBRACE SYSTEMS CORP             COMMON   290816107      179    179211 SH       DEFINED    01         179211        0        0
EMERGE INTERACTIVE INC           COMMON   29088W103      212      7050 SH       DEFINED    01              0        0     7050
EMERSON ELECTRIC CO              COMMON   291011104      941     17801 SH       DEFINED    01          17801        0        0
EMMIS BROADCASTING CORP          CBOND    291525AE3       15     17000 SH       DEFINED    01          17000        0        0
EMMIS COMMUNICATIONS CORP-CL A   CLASS    291525103      391      8419 SH       DEFINED    01           8419        0        0
EMPRESA NACIONAL DE              CBOND    29244TAA9     2665   3000000 SH       DEFINED    01        3000000        0        0
***EMPRESA NACIONAL DE ELECTR-   ADR      29244T101      464     42700 SH       DEFINED    01          42700        0        0
ENCINITAS CALIF SPL TAX          MUNIFLT  292528AH9        0    255000 SH       DEFINED    01         255000        0        0
***ENERSIS SA-SPONSORED ADR      ADR      29274F104      461     22710 SH       DEFINED    01          22710        0        0
ENOGEX INC                       CBOND    293489AA8     5042   5000000 SH       DEFINED    01        5000000        0        0
ENRON CORP                       COMMON   293561106      368      4921 SH       DEFINED    01           4921        0        0
PUT  ENRON CORP   APR 060 CBOE   OPTLEQTY 2935619P3     1871     25000     PUT  DEFINED    01          25000        0        0
ENRON OIL & GAS CO               CBOND    293562AD6     1135   1370000 SH       DEFINED    01        1370000        0        0
ENTERGY GULF STATES UTILITIES    PREFERED 29364L771    34221   1355300 SH       DEFINED    01        1355300        0        0
ENTERGY GULF STATES UTILITIES    PREFERED 29364L821     1091     22169 SH       DEFINED    01          22169        0        0
ENTERGY GULF STATES UTILITIES    PREFERED 29364L839      487      5016 SH       DEFINED    01           5016        0        0
ENTREMED INC                     COMMON   29382F103     1659     28000 SH       DEFINED    01              0        0    28000
ENTREMED INC                     COMMON   29382F103     3702     62492 SH       DEFINED    01          62492        0        0
CALL ENRON CORP   JAN 040 CBOE   OPTLEQTY 2939139A9     1422     19000     CAL  DEFINED    01          19000        0        0
CALL ENRON CORP   JAN 060 CBOE   OPTLEQTY 2939139A9     2995     40000     CAL  DEFINED    01          40000        0        0
PUT  ENRON CORP   JAN 040 CBOE   OPTLEQTY 2939139M3     1422     19000     PUT  DEFINED    01          19000        0        0
PUT  ENRON CORP   JAN 060 CBOE   OPTLEQTY 2939139M3     2995     40000     PUT  DEFINED    01          40000        0        0
ENTRECAP INTERNATIONAL INC       COMMON   293957106        0     29047 SH       DEFINED    01          29047        0        0
ENVIROSURE MANAGEMENT CORP       COMMON   294096102        1    447100 SH       DEFINED    01         447100        0        0
EOTT ENERGY PARTNERS L P /       CBOND    29410YAA6     1750   1750000 SH       DEFINED    01        1750000        0        0
EQUITY OFFICE PROPERTIES TRUST   REIT     294741103     7017    279300 SH       DEFINED    01         279300        0        0
EQUITY RESIDENTIAL PPTYS TRUST   PREFCONV 29476L859     1318     66765 SH       DEFINED    01          66765        0        0
EQUITY RESIDENTIAL PROPERTIES    REIT     29476L107    11290    280950 SH       DEFINED    01         280950        0        0
CALL L M ERICSSON APR 080 ****   OPTLEQTY 2948219D7     2345     25000     CAL  DEFINED    01          25000        0        0
PUT  ERICSSON L M JAN 080 ****   OPTLEQTY 2948219M7     2814     30000     PUT  DEFINED    01          30000        0        0
***L M ERICSSON TELEPHONE CO     ADR      294821400     6713     71558 SH       DEFINED    01          71558        0        0
CALL ERICSSON L M JAN 065 ****   OPTLEQTY 2949409A1    12664    135000     CAL  DEFINED    01         135000        0        0
PUT  ERICSSON L M JAN 065 ****   OPTLEQTY 2949409M5    12664    135000     PUT  DEFINED    01         135000        0        0
ERMIS MARITIME HOLDINGS LTD      CBOND    295851AB5     7797  29991300 SH       DEFINED    01       29991300        0        0
ESCAGENETICS CORP                COMMON   296053101       12    110000 SH       DEFINED    01         110000        0        0
ESSEX CNTY N J IMPT AUTH         MUNICIPL 29680NAP0      244    250000 SH       DEFINED    01              0        0   250000
ESSEX CNTY N J G/O RFDG-SER      MUNICIPL 2968033F4      142    135000 SH       DEFINED    01              0        0   135000
ESSEX CNTY N J G/O GEN IMPT      MUNICIPL 2968035S4      398    400000 SH       DEFINED    01              0        0   400000
ESSEX CNTY N J IMPT AUTH G/O     MUNIRIB  296806HB1       66     25000 SH       DEFINED    01          25000        0        0
ETOYS INC                        COMMON   297862104      138     15646 SH       DEFINED    01          15646        0        0
EUROPEAN AMERICAN BANK-5.84%     PREFERED 29874F207     1643     16500 SH       DEFINED    01          16500        0        0
EUROPEAN AMERICAN BANK-6.01%     PREFERED 29874F306      783      7795 SH       DEFINED    01           7795        0        0
EUROPEAN INVESTMENT BANK NTS-    CFGN     298785CB0       71     70000 SH       DEFINED    01          70000        0        0
EVEREX SYSTEMS INC               COMMON   300072105        0    434905 SH       DEFINED    01         434905        0        0
EXIDE CORP SR NOTES              CBOND    302051AE7      528    550000 SH       DEFINED    01         550000        0        0
EXODUS COMMUNICATIONS INC        COMMON   302088109     3692     26282 SH       DEFINED    01          26282        0        0
EXPEDITORS INTERNATIONAL OF      COMMON   302130109     2170     54600 SH       DEFINED    01          54600        0        0
EXPORT IMPORT BANK KOREA         CEURO    302154AE9    22089  23215000 SH       DEFINED    01       23215000        0        0
***EXPORT IMPORT BK KOREA        CFGN     302154AF6     1042   1075000 SH       DEFINED    01        1075000        0        0
***KOREA EXPORT IMPORT BANK      CFGN     302154AG4     5428   5500000 SH       DEFINED    01        5500000        0        0
EXXON MOBIL CORP                 COMMON   30231G102     1321     16977 SH       DEFINED    01          16977        0        0
CALL EXXON MOBIL  APR 085 ****   OPTLEQTY 30231G9D6     3890     50000     CAL  DEFINED    01          50000        0        0
F A TUCKER GROUP INC             COMMON   302396106        0     32180 SH       DEFINED    01          32180        0        0
FMR CORP DEB 144A                CBOND    302508AQ9     3855   4000000 SH       DEFINED    01        4000000        0        0
FPA MEDICAL MANAGEMENT INC       COMMON   302543103       16    131800 SH       DEFINED    01         131800        0        0
***FPL GROUP CAPITAL INC         CFGN     302570AK2    17766  17760000 SH       DEFINED    01       17760000        0        0
FPL GROUP INC                    COMMON   302571104      327      7113 SH       DEFINED    01           7113        0        0
FRM NEXUS INC                    COMMON   30262F106       53     33228 SH       DEFINED    01          33228        0        0
UIT FIRST TRUST         #390 S   UNITSTK  30264K343      174     17000 SH       DEFINED    01              0        0    17000
UIT FIRST TRUST         #390 S   UNITSTK  30264K350     1704    165800 SH       DEFINED    01              0        0   165800
UIT FIRST TRUST         #390 S   UNITSTK  30264K350      113     11078 SH       DEFINED    01          11078        0        0
UIT FIRST TRUST# FT 343 LEHMAN   UITSTKPR 30264W446     6728    516396 SH       DEFINED    01              0        0   516396
FW PFD CAP TR I 9% PFD SECS      PREFERED 302684204      731     44000 SH       DEFINED    01              0        0    44000
FW PFD CAP TR I 9% PFD SECS      PREFERED 302684204      631     38000 SH       DEFINED    01          38000        0        0
FWT INC                          COMMON   302686209        0     18667 SH       DEFINED    01          18667        0        0
F & M DISTRIBUTORS INC           COMMON   302723101        1    113005 SH       DEFINED    01         113005        0        0
FAIRFAX CNTY VA INDL DEV AUTH    MUNIRIB  303823FB9      141     55000 SH       DEFINED    01          55000        0        0
FALCONBRIDGE LTD                 CBOND    305915AB6      216    225000 SH       DEFINED    01         225000        0        0
FAMILY DOLLAR STORES INC         COMMON   307000109      329     15839 SH       DEFINED    01          15839        0        0
FAMOUS RESTAURANTS INC           COMMON   307091108        3    148800 SH       DEFINED    01         148800        0        0
FARMINGTON N MEX UTIL SYS REV    MUNICIPL 311457DT9     1431   1480000 SH       DEFINED    01        1480000        0        0
FARMINGTON N MEX UTIL SYS REV    MUNICIPL 311457ED3     1470   1520000 SH       DEFINED    01        1520000        0        0
FARMLAND INDUSTRIES INC          PREFERED 311549505     5012    100000 SH       DEFINED    01         100000        0        0
FAST FOOD OPERATORS INC          COMMON   311870109        0     24600 SH       DEFINED    01          24600        0        0
FEDERAL HOME LOAN MORTGAGE       CMO      312904GT6      892      9247 SH       DEFINED    01           9247        0        0
CALL FREDDIE MAC  JAN 040 AMEX   OPTLEQTY 3129219A9     3314     75000     CAL  DEFINED    01          75000        0        0
CALL FREDDIE MAC  JAN 050 AMEX   OPTLEQTY 3129219A9     3844     87000     CAL  DEFINED    01          87000        0        0
CALL FREDDIE MAC  JAN 060 AMEX   OPTLEQTY 3129219A9     1414     32000     CAL  DEFINED    01          32000        0        0
PUT  FREDDIE MAC  JAN 040 AMEX   OPTLEQTY 3129219M3      441     10000     PUT  DEFINED    01          10000        0        0
FEDERAL HOME LOAN BANK           GOVAGNCY 3133M2M20      368    400000 SH       DEFINED    01         400000        0        0
FEDERAL HOME LOAN BANK           GOVAGNCY 3133M7WV4      359    375000 SH       DEFINED    01              0        0   375000
FEDERAL HOME LOAN BANK           GOVAGNCY 3133M7WV4       33     35000 SH       DEFINED    01          35000        0        0
PUT  FEDEX CORP   JAN 045 CBOE   OPTLEQTY 31331B9M4     1950     50000     PUT  DEFINED    01          50000        0        0
CALL FEDEX CORP   JAN 050 CBOE   OPTLEQTY 31331D9A6      780     20000     CAL  DEFINED    01          20000        0        0
CALL FDX CORP     JAN 52.5CBOE   OPTLEQTY 31331D9A6      960     24500     CAL  DEFINED    01          24500        0        0
FEDERAL EXPRESS CORP             CBOND    31331FAX9     2942   3097160 SH       DEFINED    01        3097160        0        0
FEDERAL EXPRESS CORP             CBOND    31331FAY7      725    750000 SH       DEFINED    01         750000        0        0
FEDERAL FARM CREDIT BANK         GOVAGNCY 31331NCJ1       74     75000 SH       DEFINED    01          75000        0        0
FEDERAL HOME LOAN BANK           GOVAGNCY 313393FZ8       34     35000 SH       DEFINED    01          35000        0        0
FREDDIE MAC-VOTING COMMON        COMMON   313400301     3518     79636 SH       DEFINED    01          79636        0        0
FREDDIE MAC-6.14% NON-CUM PFD    PREFERED 313400806     2700     54000 SH       DEFINED    01          54000        0        0
CALL FREDDIE MAC  APR 045 ****   OPTLEQTY 3134009D7     1701     38500     CAL  DEFINED    01          38500        0        0
CALL FREDDIE MAC  APR 055 AMEX   OPTLEQTY 3134009D7     3535     80000     CAL  DEFINED    01          80000        0        0
CALL FREDDIE MAC  MAY 050 ****   OPTLEQTY 3134009E5     4418    100000     CAL  DEFINED    01         100000        0        0
PUT  FREDDIE MAC  APR 040 ****   OPTLEQTY 3134009P0      552     12500     PUT  DEFINED    01          12500        0        0
PUT  FREDDIE MAC  APR 045 ****   OPTLEQTY 3134009P0      552     12500     PUT  DEFINED    01          12500        0        0
PUT  FREDDIE MAC  APR 050 AMEX   OPTLEQTY 3134009P0     1546     35000     PUT  DEFINED    01          35000        0        0
FEDERAL JUCICIARY OFFICE BLDG    GOVAGNCY 313490BV5       13     38000 SH       DEFINED    01          38000        0        0
FEDERAL MOGUL CORP               COMMON   313549107     3296    197566 SH       DEFINED    01         197566        0        0
FEDERAL MOGUL CORP               CBOND    313549AQ0     3773   4650000 SH       DEFINED    01        4650000        0        0
FANNIE MAE                       COMMON   313586109     3698     65535 SH       DEFINED    01              0        0    65535
FANNIE MAE                       COMMON   313586109     5157     91381 SH       DEFINED    01          91381        0        0
FANNIE MAE-6.50% NON-CUM PFD     PREFERED 313586307      422      8400 SH       DEFINED    01           8400        0        0
FANNIE MAE-6.45% NON-CUM PFD     PREFERED 313586406     1752     35000 SH       DEFINED    01          35000        0        0
FEDERAL NATL MTG ASSN            PREFERED 313586703    29500    590000 SH       DEFINED    01         590000        0        0
PUT  FED NATL MTG APR 060 ****   OPTLEQTY 3135869P6     1128     20000     PUT  DEFINED    01          20000        0        0
PUT  FED NATL MTG APR 065 ****   OPTLEQTY 3135869P6     4740     84000     PUT  DEFINED    01          84000        0        0
PUT  FED NATL MTG MAY 060 ****   OPTLEQTY 3135869Q4     2116     37500     PUT  DEFINED    01          37500        0        0
FANNIE MAE-6.41% NON-CUM PFD     PREFERED 31359C204     1722     34100 SH       DEFINED    01          34100        0        0
FEDERAL NATL MTG ASSN            GOVAGNCY 31364FY54       96    100000 SH       DEFINED    01              0        0   100000
FEDERAL NATL MTG ASSN            GOVAGNCY 31364GUA5      879    925000 SH       DEFINED    01              0        0   925000
FEDERAL NATL MTG ASSN            GOVAGNCY 31364GVR7       23     25000 SH       DEFINED    01              0        0    25000
FEDERAL NATL MTG ASSN            GOVAGNCY 31364G4E6      122    125000 SH       DEFINED    01              0        0   125000
FEDERAL NATIONAL MTG ASSN        GOVAGNCY 31364G5C9      321    325000 SH       DEFINED    01         325000        0        0
FEDERATED DEPARTMENT STORES      COMMON   31410H101      244      5865 SH       DEFINED    01           5865        0        0
FEDERATED DEPT STORE INC DEL     CBOND    31410HAF8       35     35000 SH       DEFINED    01          35000        0        0
FEDEX CORP                       COMMON   31428X106      374      9592 SH       DEFINED    01           9592        0        0
CALL FEDEX CORP   JUL 050 CBOE   OPTLEQTY 31428X9G3      975     25000     CAL  DEFINED    01          25000        0        0
FIDELITY NATIONAL FINANCIAL      COMMON   316326107      425     30800 SH       DEFINED    01          30800        0        0
FIFTH THIRD BANCORP              COMMON   316773100      283      4494 SH       DEFINED    01           4494        0        0
FINANCING CORP FED               GOVAGNCY 31771JUR9       13     25000 SH       DEFINED    01          25000        0        0
***FINOVA CAP CORP               CBOND    318074AU5      736    800000 SH       DEFINED    01         800000        0        0
***FINOVA CAPITAL CORP           CBOND    318074AY7      619    651000 SH       DEFINED    01         651000        0        0
FINOVA CAPITAL CORPORATION       MEDNOTE  31808CAL6       57     60000 SH       DEFINED    01          60000        0        0
1ST AMERICAN BANCORP INC         COMMON   318470101        0    232745 SH       DEFINED    01         232745        0        0
FIRST AMERICAN BANK & TRUST      CLASS    318472107        0    153436 SH       DEFINED    01         153436        0        0
FIRST BANK SYSTEMS INC           CBOND    319279BP9     2396   2500000 SH       DEFINED    01        2500000        0        0
FIRST CAPITAL HOLDINGS CORP      COMMON   319417101        0     90000 SH       DEFINED    01          90000        0        0
FIRST CAPITOL FINANCIAL CORP     COMMON   319418109        0     60506 SH       DEFINED    01          60506        0        0
FIRST DATA CORP                  COMMON   319963104     6546    147937 SH       DEFINED    01         147937        0        0
FIRST FEDERAL BANCORP INC-DEL    COMMON   32017G108        3    115043 SH       DEFINED    01         115043        0        0
FIRST MARYLAND BANCORP           CBOND    320806AG7     1892   2000000 SH       DEFINED    01        2000000        0        0
PUT  ORACLE CORP  JAN 080 ****   OPTLEQTY 32299W9M6     2146     27500     PUT  DEFINED    01          27500        0        0
PUT  CISCO SYS    JAN 070 ****   OPTLEQTY 33299W9M4     5411     70000     PUT  DEFINED    01          70000        0        0
FIRST SECURITY CORP-DEL          COMMON   336294103      230     19230 SH       DEFINED    01          19230        0        0
FIRST SERVICE BANK FOR SVGS      COMMON   336408109        0     20000 SH       DEFINED    01          20000        0        0
FIRST UNION CORP                 COMMON   337358105     2118     56877 SH       DEFINED    01          56877        0        0
PUT  FIRST UNION  APR 040 PSE    OPTLEQTY 3373589P2     1117     30000     PUT  DEFINED    01          30000        0        0
FIRST UN NATL BK N C CHARLOTTE   MEDNOTE  33738MAA9      191    205000 SH       DEFINED    01         205000        0        0
FIRSTWORLD COMMUNICATIONS INC    COMMON   337625305      676     33200 SH       DEFINED    01              0        0    33200
FIRSTWORLD COMMUNICATIONS INC    COMMON   337625305      413     20288 SH       DEFINED    01          20288        0        0
FIRSTWORLD COMMUNICATIONS INC    CBOND    337625AC1     1410   3000000 SH       DEFINED    01        3000000        0        0
FIRSTAR CORP WIS-NEW             COMMON   33763V109     2732    119121 SH       DEFINED    01              0        0   119121
FIRSTAR CORP WIS-NEW             COMMON   33763V109     3505    152845 SH       DEFINED    01         152845        0        0
FISERV INC                       COMMON   337738108     1164     31325 SH       DEFINED    01          31325        0        0
FISHER SCIENTIFIC INTL INC NEW   COMMON   338032204      283      6365 SH       DEFINED    01           6365        0        0
FLEET CAPITAL TRUST II           PFDTRUST 338899AA5     9544  10250000 SH       DEFINED    01       10250000        0        0
FLEET BOSTON CORP                COMMON   33901A603    12586    247400 SH       DEFINED    01         247400        0        0
FLEETBOSTON FINL CORP            COMMON   339030108     1735     47545 SH       DEFINED    01          47545        0        0
FLEETBOSTON FINL CORP            COMMON   339030603    12698    505406 SH       DEFINED    01         505406        0        0
FLEETBOSTON FINL CORP            COMMON   339030702     6805    136100 SH       DEFINED    01         136100        0        0
CALL FLEETBOSTON  APR 035 ****   OPTLEQTY 3390309D2    11625    318500     CAL  DEFINED    01         318500        0        0
FLOATING POINT SYSTEMS INC       COMMON   339734105        0    219585 SH       DEFINED    01         219585        0        0
FLORIDA COAST PAPER CO L L C     CBOND    340606AC6     5045   7884000 SH       DEFINED    01        7884000        0        0
FLORIDA HSG FIN AGY RI-TRS       MUNIFLT  34073ENX4       96    100000 SH       DEFINED    01         100000        0        0
FLORIDA HSG FIN AGY REV SER G2   MUNICIPL 340736KM8      118    120000 SH       DEFINED    01              0        0   120000
FLORIDA HFA V/R WKLY M/F LOAN    MUNIFLT  340736PD3       20     20000 SH       DEFINED    01          20000        0        0
FLORIDA HFA M/F HSG FEE          MUNIFLT  340737H73       25     25000 SH       DEFINED    01          25000        0        0
FLORIDA HFA RFDG-M/FAM BRANDON   MUNIFLT  3407375T8       85     85000 SH       DEFINED    01          85000        0        0
FLORIDA LOC GOVT FIN AUTH REV    MUNIFLT  340776BF9      500    500000 SH       DEFINED    01         500000        0        0
FLORIDA POWER & LIGHT CO         PREFERED 341081776     6078     61552 SH       DEFINED    01          61552        0        0
FLORIDA POWER & LIGHT CO         PREFERED 341081784     7003     67587 SH       DEFINED    01          67587        0        0
FLORIDA POWER & LIGHT CO         PREFERED 341081792     6768     65000 SH       DEFINED    01          65000        0        0
FLORIDA ST BRD ED CAP OUTLAY     MUNINOTY 341421FP5      753    700000 SH       DEFINED    01         700000        0        0
FLORIDA ST BRD ED CAP OUTLAY     MUNICIPL 341421RF4       25     25000 SH       DEFINED    01              0        0    25000
FLORIDA ST BRD ED CAP OUTLAY     MUNIFLT  341422ZD8        0    850000 SH       DEFINED    01         850000        0        0
FLORIDA ST BRD ED LOTTERY REV    MUNICIPL 341507FH9     2945   2915000 SH       DEFINED    01        2915000        0        0
FLORIDA ST BRD ED LOTTERY REV    MUNICIPL 341507FJ5     1616   1600000 SH       DEFINED    01        1600000        0        0
FLORIDA ST DEPT TRANSPORTATION   MUNICIPL 343136CG0       36     35000 SH       DEFINED    01              0        0    35000
FLUSHING FINANCIAL CORP          COMMON   343873105      203     15031 SH       DEFINED    01              0        0    15031
FLYFAIRE INTERNATIONAL INC       COMMON   344070107        0     18000 SH       DEFINED    01          18000        0        0
***FOMENTO ECONOMICO MEXICANO    ADR      344419106      270      6019 SH       DEFINED    01           6019        0        0
WTS FORCENERGY INC               COMMON   345206130        0    503325 SH       DEFINED    01         503325        0        0
FORCENERGY INC                   COMMON   345206304        0     11185 SH       DEFINED    01          11185        0        0
FORCENERGY INC SR SUB NOTE       CBOND    345206AA4    29253  37030000 SH       DEFINED    01       37030000        0        0
FORCENERGY INC                   CBOND    345206AD8    35113  44447000 SH       DEFINED    01       44447000        0        0
FORD CAPITAL BV                  CBOND    345220AA5     5211   5000000 SH       DEFINED    01        5000000        0        0
FORD MOTOR CO                    COMMON   345370100     2788     60710 SH       DEFINED    01              0        0    60710
FORD MOTOR CO                    COMMON   345370100     5645    122890 SH       DEFINED    01         122890        0        0
FORD MOTOR CO DEBS               CBOND    345370BP4     6957   7200000 SH       DEFINED    01        7200000        0        0
***FORD MOTOR CO DEL             CBOND    345370BY5      174    200000 SH       DEFINED    01         200000        0        0
FORD MOTOR CO-DEP SHS-REPSTG     PREFCUMU 345370407     4312    164300 SH       DEFINED    01         164300        0        0
CALL FORD MOTOR   APR 040 ****   OPTLEQTY 3453709D4      689     15000     CAL  DEFINED    01          15000        0        0
CALL FORD MOTOR   JUN 045 CBOE   OPTLEQTY 3453709F9     1148     25000     CAL  DEFINED    01          25000        0        0
PUT  FORD MOTOR   JUN 050 CBOE   OPTLEQTY 3453709R3      574     12500     PUT  DEFINED    01          12500        0        0
PUT  FORD MOTOR   JUN 055 CBOE   OPTLEQTY 3453709R3      689     15000     PUT  DEFINED    01          15000        0        0
PUT  FORD MOTOR   JAN 040 CBOE   OPTLEQTY 3453729M0     3215     70000     PUT  DEFINED    01          70000        0        0
PUT  FORD MOTOR   JAN 045 CBOE   OPTLEQTY 3453729M0     3215     70000     PUT  DEFINED    01          70000        0        0
PUT  FORD MOTOR   JAN 050 CBOE   OPTLEQTY 3453729M0     1148     25000     PUT  DEFINED    01          25000        0        0
PUT  FORD MOTOR   JAN 055 CBOE   OPTLEQTY 3453729M0     7120    155000     PUT  DEFINED    01         155000        0        0
PUT  FORD MOTOR   JAN 060 CBOE   OPTLEQTY 3453729M0     1837     40000     PUT  DEFINED    01          40000        0        0
FORD MOTOR CREDIT COMPANY        CFGN     345397SJ3     3538   3650000 SH       DEFINED    01        3650000        0        0
FORD MOTOR CREDIT CO SR NT       CBOND    345397HM8       91     90000 SH       DEFINED    01          90000        0        0
***FORD MOTOR CREDIT CO          CBOND    345397SG9     9240  10450000 SH       DEFINED    01       10450000        0        0
***FORD MOTOR CREDIT CO          CBOND    345397SM6    19566  20000000 SH       DEFINED    01       20000000        0        0
FORD MOTOR CREDIT CO             CBOND    345397SQ7     4036   4050000 SH       DEFINED    01        4050000        0        0
FOREST LABORATORIES INC          COMMON   345838106      629      7452 SH       DEFINED    01           7452        0        0
FORTIS REGCAPS FND TR II         PREFERED 349916205    10478    101000 SH       DEFINED    01         101000        0        0
FORTIS U S REGCAPS FDG TR II     PREFERED 349917203    83136     82000 SH       DEFINED    01          82000        0        0
FOSTER WHEELER CORP              COMMON   350244109     1269    188088 SH       DEFINED    01         188088        0        0
FOUNDATION HEALTH SYSTEMS INC    CLASS    350404109     2561    320240 SH       DEFINED    01         320240        0        0
***FRANCE TELECOM                ADR      35177Q105     5649     31927 SH       DEFINED    01          31927        0        0
FREEHOLD N J G/O REGL HIGH SCH   MUNICIPL 356478FN2      257    250000 SH       DEFINED    01              0        0   250000
FREEMARKETS INC                  COMMON   356602102      629      5200 SH       DEFINED    01           5200        0        0
FREEPORT MCMORAN COPPER & GOLD   PREFERED 35671D881     5588    340000 SH       DEFINED    01         340000        0        0
FRIES ENTERTAINMENT INC          COMMON   358616100        0    120692 SH       DEFINED    01         120692        0        0
***FRONTIER OIL CORP             CBOND    35914PAB1     4600   5000000 SH       DEFINED    01        5000000        0        0
FRONTIERVISION OPER PARTNERS     CBOND    35921LAA3     1984   1931000 SH       DEFINED    01        1931000        0        0
FRONTIERVISION HLDGS CAP CORP    CBOND    35921QAB0      195    225000 SH       DEFINED    01         225000        0        0
FRONTIERVISION HOLDINGS L P      CBOND    35921XAB5     1087   1250000 SH       DEFINED    01        1250000        0        0
WTS FRUEHAUF TRAILER CORP 144A   WARRANT  359397122        0     15000 SH       DEFINED    01          15000        0        0
FRUIT OF THE LOOM INC DEBS-REG   CBOND    359416AH7     2142   7403000 SH       DEFINED    01        7403000        0        0
FRUIT OF THE LOOM INC            CBOND    359416AK0     3402   8507000 SH       DEFINED    01        8507000        0        0
FRUIT OF THE LOOM INC            CBOND    359416AL8     7730  19325000 SH       DEFINED    01       19325000        0        0
FRUIT OF THE LOOM INC            CBOND    359416AQ7      930  21885000 SH       DEFINED    01       21885000        0        0
FUJI JGB INV LLC PFD SER A       PFDTRUST 359577AA1    12600  12600000 SH       DEFINED    01       12600000        0        0
FULLERTON CALIF IDA REV PCL      MUNIFLT  359794AA2      100    100000 SH       DEFINED    01         100000        0        0
FULTON CNTY GA HSG AUTH MULTI-   MUNICIPL 360055CH8      110    100000 SH       DEFINED    01              0        0   100000
FULTON FEDERAL SAVINGS BANK      COMMON   360266100        0     87341 SH       DEFINED    01          87341        0        0
FUTURE COMMUNICATIONS INC NEW    COMMON   360906200        0     13197 SH       DEFINED    01          13197        0        0
G N M A PASS THRU POOL 001033M   GNMA     36202BEE1      754      8210 SH       DEFINED    01           8210        0        0
G N M A PASS THRU POOL 001273M   GNMA     36202BMW2      463      4594 SH       DEFINED    01           4594        0        0
G N M A PASS THRU POOL 001468M   GNMA     36202BTZ8      340      3573 SH       DEFINED    01           3573        0        0
G N M A PASS THRU POOL 363758X   GNMA     36204AB38      662      7358 SH       DEFINED    01           7358        0        0
G R I CORP                       COMMON   362232100        0     28473 SH       DEFINED    01          28473        0        0
G S ESCROW CORP                  CBOND    36227TAM9     2601   2941000 SH       DEFINED    01        2941000        0        0
GST NETWORK FUNDING INC          CBOND    36228YAC9     6930  16500000 SH       DEFINED    01       16500000        0        0
GTE CALIF INC                    CBOND    362311AF9    11484  12200000 SH       DEFINED    01       12200000        0        0
GTE CALIF INC                    CBOND    362311AH5      976   1100000 SH       DEFINED    01        1100000        0        0
GTE CALIFORNIA                   CBOND    362311AJ1     7412   8505000 SH       DEFINED    01        8505000        0        0
GTE CORP                         COMMON   362320103      736     10377 SH       DEFINED    01          10377        0        0
GTE CORP                         CBOND    362320BA0      296    330000 SH       DEFINED    01         330000        0        0
GTE CORP                         CBOND    362320BB8     2615   2750000 SH       DEFINED    01        2750000        0        0
***GALACTIC RESOURCES LTD        COMMON   362903106        0     11800 SH       DEFINED    01          11800        0        0
*** GANDALF TECHNOLOGIES INC     COMMON   364717108        0     13050 SH       DEFINED    01          13050        0        0
GAP INC                          COMMON   364760108      262      5267 SH       DEFINED    01           5267        0        0
CALL GAP INC      APR 040 CBOE   OPTLEQTY 3647609D2    14943    300000     CAL  DEFINED    01         300000        0        0
CALL GAP INC      JUN 030 CBOE   OPTLEQTY 3647609F7     1618     32500     CAL  DEFINED    01          32500        0        0
CALL GAP INC      JUN 050 CBOE   OPTLEQTY 3647609F7     2490     50000     CAL  DEFINED    01          50000        0        0
PUT  GAP INC      JUN 040 CBOE   OPTLEQTY 3647609R1     2490     50000     PUT  DEFINED    01          50000        0        0
GATEWAY INC                      COMMON   367626108      237      4476 SH       DEFINED    01           4476        0        0
GENENTECH INC                    COMMON   368710406     1839     12100 SH       DEFINED    01          12100        0        0
***GENENTECH INCORP CV           CEUROCNV 368710AA7      868    905000 SH       DEFINED    01         905000        0        0
GENERAL DEVELOPMENT CORP NEW     COMMON   369497102        0     10184 SH       DEFINED    01          10184        0        0
GENERAL DYNAMICS CORP            COMMON   369550108      349      7025 SH       DEFINED    01           7025        0        0
GENERAL ELECTRIC CO              COMMON   369604103      434      2800 SH       DEFINED    01              0        0     2800
GENERAL ELECTRIC CO              COMMON   369604103     9339     60182 SH       DEFINED    01          60182        0        0
CALL GENL ELECT   JUN 105 CBOE   OPTLEQTY 3696049F2    15518    100000     CAL  DEFINED    01         100000        0        0
CALL GENL ELECT   JAN 100 CBOE   OPTLEQTY 3696079A6     3103     20000     CAL  DEFINED    01          20000        0        0
CALL GENL ELECT   JAN 160 CBOE   OPTLEQTY 3696079A6     3879     25000     CAL  DEFINED    01          25000        0        0
PUT  GENL ELECT   JAN 110 CBOE   OPTLEQTY 3696079M0    14510     93500     PUT  DEFINED    01          93500        0        0
PUT  GENL ELECT   JAN 060 CBOE   OPTLEQTY 3696079M0    16713    107700     PUT  DEFINED    01         107700        0        0
PUT  GENERAL ELEC JAN 180 CBOE   OPTLEQTY 3696089M8     6983     45000     PUT  DEFINED    01          45000        0        0
GENERAL ELEC CAP CORP            MEDNOTE  36962GRK2     4857   5000000 SH       DEFINED    01        5000000        0        0
GENERAL ELECTRIC CAPITAL CORP    MEDNOTE  36962GTR5    23609  24250000 SH       DEFINED    01       24250000        0        0
GENERAL ELEC CAP CORP-SER A      MEDNOTE  36962GUA0    13752  13900000 SH       DEFINED    01       13900000        0        0
GENERAL ELECTRIC CAPITAL CORP    MEDNOTE  36962GUJ1    63632  64375000 SH       DEFINED    01       64375000        0        0
GENERAL ELECTRIC CAPITAL CORP    CBOND    369622CB9     1074   1000000 SH       DEFINED    01        1000000        0        0
GENERAL GROWTH PROPERTIES INC    REIT     370021107    23943    786650 SH       DEFINED    01         786650        0        0
GENERAL HOMES CORP S/NOTES-REG   CBOND    370054AA6        0   6290000 SH       DEFINED    01        6290000        0        0
GENERAL HOMES CORP S/NOTES-REG   CBOND    370054AB4        0  28984000 SH       DEFINED    01       28984000        0        0
GENERAL MILLS INC                COMMON   370334104      993     27448 SH       DEFINED    01          27448        0        0
GENERAL MOTORS ACCEPTANCE CORP   MEDNOTE  37042WVU2    26428  27700000 SH       DEFINED    01       27700000        0        0
GENERAL MOTORS ACCEPTANCE CORP   MEDNOTE  37042WZM6     4998   5000000 SH       DEFINED    01        5000000        0        0
GENERAL MOTORS ACCEPT CORP       CFGN     370425QT0     2431   2500000 SH       DEFINED    01        2500000        0        0
GENERAL MOTORS ACCEPTANCE CORP   CBOND    370425QW3      141    150000 SH       DEFINED    01         150000        0        0
GENERAL MOTORS ACCEPTANCE CORP   CBOND    370425RF9      503    525000 SH       DEFINED    01         525000        0        0
***GENERAL MTRS ACCEPT CORP      CBOND    370425RP7     5923   5905000 SH       DEFINED    01        5905000        0        0
GENERAL MOTORS CORP              COMMON   370442105    22562    272452 SH       DEFINED    01         272452        0        0
GENERAL MOTORS CORP-CL H NEW     COMMON   370442832    56074    450400 SH       DEFINED    01         450400        0        0
GENERAL MOTORS CORP-DEP SHS      PREFERED 370442857     5582    222200 SH       DEFINED    01         222200        0        0
CALL GENL MOTORS  JUN 090 CBOE   OPTLEQTY 3704429F4      828     10000     CAL  DEFINED    01          10000        0        0
PUT  GENERAL MTRS APR 070 ****   OPTLEQTY 3704429P2      952     11500     PUT  DEFINED    01          11500        0        0
PUT  GENL MOTORS  JUN 080 CBOE   OPTLEQTY 3704429R8     6210     75000     PUT  DEFINED    01          75000        0        0
PUT  GENL MOTORS  JUN 085 CBOE   OPTLEQTY 3704429R8     2070     25000     PUT  DEFINED    01          25000        0        0
PUT  GENL MOTORS  JAN 060 CBOE   OPTLEQTY 3704459M2    13829    167000     PUT  DEFINED    01         167000        0        0
PUT  GENERAL MOTO JAN 060 CBOE   OPTLEQTY 3704469M0    10351    125000     PUT  DEFINED    01         125000        0        0
PUT  GENERAL MOTO JAN 065 CBOE   OPTLEQTY 3704469M0     6210     75000     PUT  DEFINED    01          75000        0        0
PUT  GENERAL MOTO JAN 070 CBOE   OPTLEQTY 3704469M0     6210     75000     PUT  DEFINED    01          75000        0        0
CALL GENL MTRS-H  APR 120 CBOE   OPTLEQTY 3709999D8     2490     20000     CAL  DEFINED    01          20000        0        0
CALL GENL MTRS-H  APR 125 CBOE   OPTLEQTY 3709999D8     8839     71000     CAL  DEFINED    01          71000        0        0
GENESIS HEALTH VENTURES INC      COMMON   371912106      223    325250 SH       DEFINED    01         325250        0        0
GENEVA STEEL                     CBOND    372252AA4     1570   8264000 SH       DEFINED    01        8264000        0        0
GENEVA STEEL CO                  CBOND    372252AC0     5301  27902000 SH       DEFINED    01       27902000        0        0
GENEVA STEEL CO-14% EXCH PFD     PREFERED 372252403     2657     36400 SH       DEFINED    01          36400        0        0
GENZYME CORP-GENERAL DIVISION    COMMON   372917104     4129     82392 SH       DEFINED    01          82392        0        0
GEORGIA MUN ASSOC POOL BD CTFS   MUNIFLT  373285AA3      755    755000 SH       DEFINED    01              0        0   755000
GEORGIA PACIFIC CORP             COMMON   373298108     1155     29202 SH       DEFINED    01          29202        0        0
PUT  GA. PAC-GRP  JUL 040 PBW    OPTLEQTY 3732989S9     1978     50000     PUT  DEFINED    01          50000        0        0
GEORGIA STATE HSG & FIN AUTH     MUNICIPL 373538CY1      254    250000 SH       DEFINED    01              0        0   250000
GEORGIA STATE HSG & FIN AUTH     MUNICIPL 373538CY1        0     25000 SH       DEFINED    01              0        0    25000
GEORGIA MUN ELEC AUTH PWR REV    MUNICIPL 373540G49       51     50000 SH       DEFINED    01              0        0    50000
GEORGIA MUN ELEC AUTH PWR REV    MUNICIPL 373540RK1       29     50000 SH       DEFINED    01              0        0    50000
GEORGIA MUN ELEC AUTH PWR REV    MUNICIPL 373541LH2      295    300000 SH       DEFINED    01              0        0   300000
GEORGIA STATE RESIDENTIAL FIN    MUNICIPL 373590LG1       86     85000 SH       DEFINED    01              0        0    85000
GEOTEK COMMUNICATIONS INC        COMMON   373654102        4    143307 SH       DEFINED    01         143307        0        0
GIANT INDS INC SR SUB NOTES      CBOND    374508AA7     8163   8460000 SH       DEFINED    01        8460000        0        0
GIANT INDUSTRIES INC             CBOND    374508AD1     1272   1414000 SH       DEFINED    01        1414000        0        0
GILAT SATELLITE NETWORKS LTD     CBONDCNV 375255AB2     1501    540000 SH       DEFINED    01         540000        0        0
GILAT SATELLITE NETWORKS LTD     CBONDCNV 375255AC0     4625   5450000 SH       DEFINED    01        5450000        0        0
GILEAD SCIENCES INC              COMMON   375558103     1423     22456 SH       DEFINED    01          22456        0        0
GILLETTE CO                      COMMON   375766102      640     17000 SH       DEFINED    01              0        0    17000
GILLETTE CO                      COMMON   375766102     2272     60296 SH       DEFINED    01          60296        0        0
CALL GILLETTE CO  JUN 035 AMEX   OPTLEQTY 3757669F1     3768    100000     CAL  DEFINED    01         100000        0        0
PUT  GILLETTE CO  JUN 035 AMEX   OPTLEQTY 3757669R5     3768    100000     PUT  DEFINED    01         100000        0        0
GITANO GROUP INC                 COMMON   376365102        1     38400 SH       DEFINED    01          38400        0        0
GLOBAL CROSSING HOLDING LTD      CBOND    37931KAF8     1900   2000000 SH       DEFINED    01        2000000        0        0
GLOBAL CROSSING LTD              COMMON   37932J301     2627     10850 SH       DEFINED    01          10850        0        0
GLOBAL MARINE INC NEW            COMMON   379352404      967     38127 SH       DEFINED    01          38127        0        0
PUT  GLOBAL MARIN JUL 020 ****   OPTLEQTY 3793529S8     2537    100000     PUT  DEFINED    01         100000        0        0
GLOBAL TELESYSTEMS GROUP INC     COMMON   37936U104      237     11600 SH       DEFINED    01          11600        0        0
GLOBAL TELESYSTEMS GROUP INC     PREFCONV 37936U401     1030     27300 SH       DEFINED    01          27300        0        0
***GLOBALSTAR CAP CORP           CFGN     379363AL8      175    500000 SH       DEFINED    01         500000        0        0
GLOBALSTAR LP /GLOBALSTAR CAP    CBOND    379363AP9     1544   4609000 SH       DEFINED    01        4609000        0        0
GLOBALSTAR L P / GLOBALSTAR      CBOND    379363AR5      850   2500000 SH       DEFINED    01        2500000        0        0
GLOBALSTAR TELECOMM LTD 8%       PREFCONV 379364508     1643     47800 SH       DEFINED    01          47800        0        0
GLOBALSTAR TELECOMMUNICATIONS    PREFCONV 379364870     1146     36100 SH       DEFINED    01          36100        0        0
GLOBIX CORP                      COMMON   37957F101      405     10627 SH       DEFINED    01          10627        0        0
GLOBIX CORPORATION               CBOND    37957FAB7    33290  36185000 SH       DEFINED    01       36185000        0        0
***GLYKO BIOMEDICAL LTD          COMMON   379904105      258     41700 SH       DEFINED    01          41700        0        0
GOLD STD INC - PAR 0.001         COMMON   380724302       34     14938 SH       DEFINED    01          14938        0        0
GOLDOME                          COMMON   380934109        0    604203 SH       DEFINED    01         604203        0        0
GOLDEN OCEAN GROUP LTD           CBOND    381138AE6      880   7045000 SH       DEFINED    01        7045000        0        0
CALL GOLDEN WEST  MAY36.625PBW   OPTLEQTY 3813179E8     2058     66000     CAL  DEFINED    01          66000        0        0
GOLDMAN SACHS GROUP INC          COMMON   38141G104      315      3000 SH       DEFINED    01              0        0     3000
GOLDMAN SACHS GROUP INC          COMMON   38141G104      262      2500 SH       DEFINED    01           2500        0        0
PUT  GOLDMAN SACH APR 085 ****   OPTLEQTY 38141G9P1     2102     20000     PUT  DEFINED    01          20000        0        0
GOLF ROUNDS COM INC              COMMON   38168R108       33     11216 SH       DEFINED    01          11216        0        0
GOTHIC PRODUCTION CORP           CBOND    382903AB8     8925  10500000 SH       DEFINED    01       10500000        0        0
GOSS HOLDINGS INC CL B           COMMON   383413101        0     69694 SH       DEFINED    01          69694        0        0
GOSS HLDGS INC                   CBOND    383413AA9      700   2500000 SH       DEFINED    01        2500000        0        0
GOTHAM APPAREL CORP              COMMON   383450103        7     10000 SH       DEFINED    01          10000        0        0
GOTHIC ENERGY CORP               CBOND    383482AK2        3     10000 SH       DEFINED    01          10000        0        0
GOTTSCHALKS INC                  COMMON   383485109      525    100000 SH       DEFINED    01         100000        0        0
GO2NET INC                       COMMON   383486107      323      4020 SH       DEFINED    01           4020        0        0
GOVERNMENT BACKED TRS CTF        GOVAGNCY 383665BF2       13     16000 SH       DEFINED    01          16000        0        0
GOVERNMENT BACKED TR             GOVAGNCY 383665DN3       18     22000 SH       DEFINED    01          22000        0        0
GOVERNMENT BACKED TR CTFS        GOVAGNCY 383665DV5       17     26000 SH       DEFINED    01          26000        0        0
GOVT TRUST CTFS ISRAEL STATE     GOVAGNCY 383752DX7       17     27000 SH       DEFINED    01          27000        0        0
W W GRAINGER INC                 COMMON   384802104     1076     19840 SH       DEFINED    01          19840        0        0
GRAND ISLAND NEB ELEC REV        MUNICIPL 385640CP0      551    525000 SH       DEFINED    01              0        0   525000
GRAND MET INVT CORP              CBOND    386088AG3      453    596000 SH       DEFINED    01         596000        0        0
GRAND MET INVT CORP GTD SR       CBOND    386088AH1       92     93000 SH       DEFINED    01          93000        0        0
GREAT AMERICAN BANK-A FSB        COMMON   389908104        0    304174 SH       DEFINED    01         304174        0        0
GREAT ATLANTIC & PAC TEA INC     CBOND    390064AG8     4148   4500000 SH       DEFINED    01        4500000        0        0
GREYHOUND LINES INC SR NT        CBOND    3980489C4        0  14350000 SH       DEFINED    01       14350000        0        0
GRIP TECHNOLOGIES INC            COMMON   398613109        0     21000 SH       DEFINED    01          21000        0        0
GROSSMANS INC                    COMMON   399215102        0     10300 SH       DEFINED    01          10300        0        0
GROVE HLDGS LLC                  CBOND    39958EAB5       94   1175000 SH       DEFINED    01        1175000        0        0
GROVE WORLDWIDE CAP INC          CBOND    399626AB6      695   1545000 SH       DEFINED    01        1545000        0        0
***GRUPO CARSO SA DE CV          ADR      400485207       77     10000 SH       DEFINED    01          10000        0        0
*** GRUPO TELEVISA SA DE CVGDS   ADR      40049J206      748     11000 SH       DEFINED    01          11000        0        0
GUAM GOVT SER A                  MUNICIPL 40065BAS2      200    200000 SH       DEFINED    01              0        0   200000
***GUANGDONG INTL TR &INVT       CFGN     40065LAB7      626   3915000 SH       DEFINED    01        3915000        0        0
GUARDIAN BANCORP-LOS ANGELES     COMMON   401321104        6    197772 SH       DEFINED    01         197772        0        0
WTS GULF STATES STEEL ACQUISI-   WARRANT  402548119      164     18240 SH       DEFINED    01          18240        0        0
GULF USA CORP                    COMMON   402571103       69    372223 SH       DEFINED    01         372223        0        0
GULFMARK OFFSHORE INC            CBOND    402629AB5     3068   3400000 SH       DEFINED    01        3400000        0        0
HMH PPTYS INC MARRIOT CORP       CBOND    40423QAE7     1384   1575000 SH       DEFINED    01        1575000        0        0
HMH PROPERTIES INC               CBOND    40423QAF4     2270   2695000 SH       DEFINED    01        2695000        0        0
HSBC USA INC NEW                 COMMON   40428H706     6896    310400 SH       DEFINED    01         310400        0        0
***HSBC HOLDINGS PLC             ADR      404280406      201      3301 SH       DEFINED    01           3301        0        0
H S RESOURCES INC SR SUB         CBOND    404297AA1       19     20000 SH       DEFINED    01          20000        0        0
HS RESOURCES INC                 CBOND    404297AE3     2393   2500000 SH       DEFINED    01        2500000        0        0
HAGGAR CORP                      COMMON   405173105      672     48900 SH       DEFINED    01          48900        0        0
PUT  NASDAQ 100   APR 106 AMEX   OPTLEQTY 40599W9P9     3288     30000     PUT  DEFINED    01          30000        0        0
PUT  NASDAQ 100   JUN 105 AMEX   OPTLEQTY 40599W9R5     2192     20000     PUT  DEFINED    01          20000        0        0
PUT  NASDAQ 100   JUN 109 AMEX   OPTLEQTY 40599W9R5     1973     18000     PUT  DEFINED    01          18000        0        0
PUT  NASDAQ 100   JUN 110 AMEX   OPTLEQTY 40599W9R5      877      8000     PUT  DEFINED    01           8000        0        0
PUT  NASDAQ 100   JUN 102 AMEX   OPTLEQTY 40599W9R5     7947     72500     PUT  DEFINED    01          72500        0        0
PUT  NASDAQ 100   JUN 103 AMEX   OPTLEQTY 40599W9R5      877      8000     PUT  DEFINED    01           8000        0        0
PUT  NASDAQ 100   JUN 104 AMEX   OPTLEQTY 40599W9R5     2192     20000     PUT  DEFINED    01          20000        0        0
PUT  NASDAQ 100   SEP 105 AMEX   OPTLEQTY 40599W9U8     6577     60000     PUT  DEFINED    01          60000        0        0
PUT  NASDAQ 100   SEP 110 AMEX   OPTLEQTY 40599W9U8     3288     30000     PUT  DEFINED    01          30000        0        0
HALLIBURTON CO                   COMMON   406216101     1034     25221 SH       DEFINED    01          25221        0        0
HAMMONS JOHN Q HOTELS L P        CBOND    408625AA9     2055   2310000 SH       DEFINED    01        2310000        0        0
HAMMONS JOHN Q HOTELS L P        CBOND    408628AC9      122    140000 SH       DEFINED    01         140000        0        0
HANNAFORD BROS CO                COMMON   410550107     5950     80679 SH       DEFINED    01          80679        0        0
HANOVER DIRECT INC               COMMON   410783104      285    120000 SH       DEFINED    01              0        0   120000
JOHN HANSON BANCORP INC          COMMON   411337108        3    103480 SH       DEFINED    01         103480        0        0
HAPPINESS EXPRESS INC            COMMON   411381106      252     96215 SH       DEFINED    01          96215        0        0
HARMAN INTERNATIONAL             COMMON   413086109     1857     30964 SH       DEFINED    01          30964        0        0
HARRIS CNTY TEX HLTH FACS DEV    MUNIFLT  41315RBH6       99    100000 SH       DEFINED    01         100000        0        0
HARNISCHFEGER INDS INC DEB       CBOND    413345AA7     1680   4000000 SH       DEFINED    01        4000000        0        0
HARNISCHFEGER INDS INC           CBOND    413345AF6     1260   3000000 SH       DEFINED    01        3000000        0        0
HARRAH'S OPERATING CO INC        CBOND    413627AE0     2399   2600000 SH       DEFINED    01        2600000        0        0
HARRIS CORP-DEL                  COMMON   413875105      520     15052 SH       DEFINED    01          15052        0        0
HARRIS CO TEX TOLL RD UNLTD      MUNICIPL 414003CX9    17397  15980000 SH       DEFINED    01       15980000        0        0
HARRIS CNTY TEX SUB LIEN-TOLL    MUNIFLT  414003Z71      100    100000 SH       DEFINED    01         100000        0        0
HARRIS CNTY TEX HEALTH FACS      MUNIRIB  414152PR3      550     70000 SH       DEFINED    01          70000        0        0
HARTFORD FINANCIAL SERVICES      COMMON   416515104      229      4360 SH       DEFINED    01           4360        0        0
HARVARD INDUSTRIES INC           COMMON   417434503     5450   1090143 SH       DEFINED    01        1090143        0        0
HAUSERMAN INC                    COMMON   419148101        0     45700 SH       DEFINED    01          45700        0        0
HAWAII STATE DPT BDGT&FIN SPL    MUNIFLT  419798EP4       30     30000 SH       DEFINED    01          30000        0        0
HAWAII ST DEPT BUDGET & FIN      MUNIRIB  419798ND1     1329    200000 SH       DEFINED    01         200000        0        0
HEALTH MANAGEMENT ASSOCIATES     CLASS    421933102      250     17597 SH       DEFINED    01          17597        0        0
HEALTHEON/WEBMD CORPORATION      COMMON   422209106      274     11939 SH       DEFINED    01          11939        0        0
HEALTHCENTRAL.COM                COMMON   42221V106      281     50600 SH       DEFINED    01              0        0    50600
HEALTHCENTRAL.COM                COMMON   42221V106      841    151256 SH       DEFINED    01         151256        0        0
HELDOR INDUSTRIES INC            COMMON   423085109        0     78200 SH       DEFINED    01          78200        0        0
HELLER FINANCIAL INC-8.125%      PREFCUMU 423328707     2275     88800 SH       DEFINED    01          88800        0        0
HELLER FINANCIAL INC             PREFERED 423328871    32010    310400 SH       DEFINED    01         310400        0        0
HELLER FINANCIAL INC             PREFERED 423328889     6483     65000 SH       DEFINED    01          65000        0        0
HELLER FINL INC                  MEDNOTE  42333HJM5     2999   3000000 SH       DEFINED    01        3000000        0        0
***HELLER FINANCIAL INC          MEDNOTE  42333HME9     1960   2000000 SH       DEFINED    01        2000000        0        0
HELMERICH & PAYNE INC            COMMON   423452101      317     10240 SH       DEFINED    01          10240        0        0
HERITAGE BANCORP INC-DEL         COMMON   427207105        0     38259 SH       DEFINED    01          38259        0        0
HERITAGE MEDIA CORP              CBOND    427241AB0    21893  22115000 SH       DEFINED    01       22115000        0        0
HERSHEY FOODS CORP               CBOND    427866AF5      982   1000000 SH       DEFINED    01        1000000        0        0
PUT  HEWLETT PACK JAN 140 ****   OPTLEQTY 4279139M2     3976     30000     PUT  DEFINED    01          30000        0        0
PUT  NASDAQ 100   JUN 095 AMEX   OPTLEQTY 42799W9R9     5919     54000     PUT  DEFINED    01          54000        0        0
PUT  NASDAQ 100   JUN 098 AMEX   OPTLEQTY 42799W9R9     4385     40000     PUT  DEFINED    01          40000        0        0
PUT  NASDAQ 100   JUN 099 AMEX   OPTLEQTY 42799W9R9     1096     10000     PUT  DEFINED    01          10000        0        0
PUT  NASDAQ 100   SEP 099 AMEX   OPTLEQTY 42799W9U2     1315     12000     PUT  DEFINED    01          12000        0        0
HEWLETT PACKARD CO               COMMON   428236103      202      1530 SH       DEFINED    01              0        0     1530
HEWLETT PACKARD CO               COMMON   428236103      216      1630 SH       DEFINED    01           1630        0        0
PUT  HEWLETT PACK APR 125 ****   OPTLEQTY 4282369P0      848      6400     PUT  DEFINED    01           6400        0        0
HIBERNIA CORP-CL A               CLASS    428656102      124     11879 SH       DEFINED    01          11879        0        0
HIGH SPEED ACCESS CORP           COMMON   42979U102     3452    264300 SH       DEFINED    01              0        0   264300
HIGHLINE INDUSTRIES INC          COMMON   431108109        1     40000 SH       DEFINED    01          40000        0        0
WTS HILLS STORES CO NEW          WARRANT  431692128       38     38106 SH       DEFINED    01          38106        0        0
PUT  YAHOO INC    APR 115 ****   OPTLEQTY 43299W9P6    17137    100000     PUT  DEFINED    01         100000        0        0
HISPANIC BROADCASTING CORP       COMMON   43357B104     1150     10163 SH       DEFINED    01          10163        0        0
HOBOKEN N J G/O REF              MUNICIPL 434110PG1      170    175000 SH       DEFINED    01              0        0   175000
PUT  YAHOO INC    JAN 125 ****   OPTLEQTY 43599W9M0    10282     60000     PUT  DEFINED    01          60000        0        0
***HOLLYWOOD CASINO CORP         CBOND    436132AF1     6840   6840000 SH       DEFINED    01        6840000        0        0
HOLLYWOOD PK INTL                CBOND    43625PAB5    13284  13625000 SH       DEFINED    01       13625000        0        0
HOLLYWOOD PARK INC NEW           CBOND    436255AC7      796    825000 SH       DEFINED    01         825000        0        0
HOLMES PRODUCTS CORP             CBOND    43641PAB5       70    100000 SH       DEFINED    01         100000        0        0
HOME DEPOT INC                   COMMON   437076102      379      5887 SH       DEFINED    01              0        0     5887
HOME DEPOT INC                   COMMON   437076102      599      9288 SH       DEFINED    01           9288        0        0
HOME OWNERS SAVINGS BANK FSB     COMMON   437292105        0     92337 SH       DEFINED    01          92337        0        0
HOME OWNERSHIP FUNDING CORP      PREFERED 437296205    25000     25000 SH       DEFINED    01          25000        0        0
HOME OWNERSHIP FUNDING CORP II   PREFERED 437297203     4043     50000 SH       DEFINED    01          50000        0        0
HOMEFED CORP NEW                 COMMON   43739D208       18     28938 SH       DEFINED    01          28938        0        0
CALL HONEYWELL    JUN 045 ****   OPTLEQTY 4385169F5      790     15000     CAL  DEFINED    01          15000        0        0
CALL HONEYWELL    JUN 055 PBW    OPTLEQTY 4385169F5     2634     50000     CAL  DEFINED    01          50000        0        0
HORMEL FOODS CORP                COMMON   440452100      180     11007 SH       DEFINED    01          11007        0        0
HOST MARRIOTT FINANCIAL TRUST    PREFERED 441079407     2013     65475 SH       DEFINED    01          65475        0        0
HOST MARRIOTT LP                 CFGN     44108EAK4     1350   1500000 SH       DEFINED    01        1500000        0        0
***HOUSEHOLD FINANCE CORP        CBOND    441812FY5      431    470000 SH       DEFINED    01         470000        0        0
***HOUSEHOLD FINANCE CORP        CBOND    441812GD0     2550   2770000 SH       DEFINED    01        2770000        0        0
HOUSEHOLD INTERNATIONAL INC      COMMON   441815107      482     12932 SH       DEFINED    01          12932        0        0
HOUSEHOLD INTL INC-DEP SHS       PREFERED 441815834     8574    329800 SH       DEFINED    01         329800        0        0
HOUSEHOLD INTL NETHERLANDS B V   CBOND    441916AE3      673    700000 SH       DEFINED    01         700000        0        0
HOUSTON OIL ROYALTY TRUST UBI    COMMON   442283107        0     39713 SH       DEFINED    01          39713        0        0
HOUSTON TEX HIGHER ED FIN CORP   MUNIFLT  442378BS3        0   5000000 SH       DEFINED    01        5000000        0        0
HOUSTON TEX WTR & SWR SYS REV    MUNIFLT  442436B67       88    100000 SH       DEFINED    01         100000        0        0
HOUSTON TEX WTR & SWR SYS REV    MUNIRIB  442436H53      169     50000 SH       DEFINED    01          50000        0        0
HOWARD CNTY MD CONS PUB IMPT     MUNICIPL 442564G46      100    100000 SH       DEFINED    01              0        0   100000
HOWARD SAVINGS BANK-NEWARK N J   COMMON   442765103        5    175874 SH       DEFINED    01         175874        0        0
PUT   AMGEN       JUL 055 ****   OPTLEQTY 44299W9S8     3375     55000     PUT  DEFINED    01          55000        0        0
PUT   AMGEN       JUL 060 ****   OPTLEQTY 44299W9S8     2946     48000     PUT  DEFINED    01          48000        0        0
HUDSON CNTY N J IMPT AUTH FAC    MUNICIPL 44372BCX9     1006   1000000 SH       DEFINED    01              0        0  1000000
HUDSON CNTY N J G/O SER-A        MUNICIPL 443726SV7      248    250000 SH       DEFINED    01              0        0   250000
HUDSON CNTY N J G/O VOCATIONAL   MUNICIPL 443726TE4      301    300000 SH       DEFINED    01              0        0   300000
HUDSON CNTY N J CTFS PARTN       MUNIRIB  443727CB6   114374   3290000 SH       DEFINED    01        3290000        0        0
HUMAN GENOME SCIENCES INC        COMMON   444903108     1737     20912 SH       DEFINED    01          20912        0        0
HUNGARY REPUBLIC                 CEURO    445545AA4     9924  10000000 SH       DEFINED    01       10000000        0        0
HUNTINGTON BEACH CALIF UN HIGH   MUNICIPL 446231AJ1       15     15000 SH       DEFINED    01              0        0    15000
HYDRO QUEBEC DEBS                CFGN     448814DB6       60     55000 SH       DEFINED    01          55000        0        0
*** HYDRO-QUEBEC DEBENTURES      CFGN     448814DM2      591    500000 SH       DEFINED    01         500000        0        0
***HYDRO QUEBEC U$               CFGN     448814ED1    11942  11517000 SH       DEFINED    01       11517000        0        0
*** HYDRO QUEBEC DEBS REG        CBOND    448814CF8     2659   2015000 SH       DEFINED    01        2015000        0        0
HYDRO-QUEBEC                     CBOND    448814EK5      697    700000 SH       DEFINED    01         700000        0        0
HYSEQ INC                        COMMON   449163302      349      7824 SH       DEFINED    01           7824        0        0
IBJ PREFERRED CAP CO LLC PFD     PFDTRUST 44921RAA2    10287  10800000 SH       DEFINED    01       10800000        0        0
IBP INC                          COMMON   449223106      183     11667 SH       DEFINED    01          11667        0        0
IDEC PHARMACEUTICALS CORP        COMMON   449370105      590      6010 SH       DEFINED    01           6010        0        0
IPM INC NEW                      COMMON   449816206        0     12000 SH       DEFINED    01          12000        0        0
IRT CORP NEW                     COMMON   450052303        0     93791 SH       DEFINED    01          93791        0        0
PUT  IBM          JAN 110 CBOE   OPTLEQTY 4502049M6     4720     40000     PUT  DEFINED    01          40000        0        0
ITXC CORP                        COMMON   45069F109    25664    545318 SH       DEFINED    01         545318        0        0
IBASIS INC                       CBONDCNV 450732AA0      673   1000000 SH       DEFINED    01        1000000        0        0
ITT CORP NEV NT                  CBOND    450912AB6     6536   7300000 SH       DEFINED    01        7300000        0        0
ITT CORP                         CBOND    450912AC4       49     60000 SH       DEFINED    01          60000        0        0
IDAHO HSG AGY RFDG SGL FAM MTG   MUNICIPL 451296JK4       20     20000 SH       DEFINED    01              0        0    20000
IDAHO POWER CO-7.07% PFD         PREFERED 451380703     1233     11500 SH       DEFINED    01          11500        0        0
ILLINOIS BELL TEL 1ST MTG-REG-   CBOND    451794AJ0       23     25000 SH       DEFINED    01          25000        0        0
ILLINOIS CENTRAL RAILROAD CO     MEDNOTE  45186WAD2     2985   3000000 SH       DEFINED    01        3000000        0        0
ILLINOIS DEV FIN AUTH POLLUTN    MUNICIPL 451888BU4      392    375000 SH       DEFINED    01              0        0   375000
ILLINOIS HSG DEV AU RESDNTL      MUNIRIB  451904A97       51     50000 SH       DEFINED    01          50000        0        0
ILLINOIS HSG DEV AUTH RSDNTL     MUNIFLT  451904C20      202    200000 SH       DEFINED    01         200000        0        0
ILLIONIS DEV FIN AUTH REV        MUNICIPL 451908J24      266    300000 SH       DEFINED    01         300000        0        0
ILLINOIS DEV FIN AUTH            MUNIFLT  451916AE0      240    240000 SH       DEFINED    01         240000        0        0
ILLINOIS HEALTH FACS AUTH REV    MUNICIPL 45200L5A0     1739   2000000 SH       DEFINED    01        2000000        0        0
ILL HLTH FAC AU RV COMB CENT     MUNIFLT  452008NQ4      300    300000 SH       DEFINED    01         300000        0        0
ILLINOIS HSG DEV AUTH SER A      MUNICIPL 4520108D6       89    100000 SH       DEFINED    01              0        0   100000
ILLINOIS PWR CO                  CBOND    452092BW8     2913   3000000 SH       DEFINED    01        3000000        0        0
ILLINOIS TOOL WORKS INC          COMMON   452308109      369      6691 SH       DEFINED    01           6691        0        0
IMAGYN MEDICAL TECHNOLOGIES      COMMON   45244E100        0     22500 SH       DEFINED    01          22500        0        0
IMAGING DIAGNOSTIC SYSTEMS INC   COMMON   45244W100       26     10000 SH       DEFINED    01              0        0    10000
IMCLONE SYSTEMS INC              CBONDCNV 45245WAA7     8379   9800000 SH       DEFINED    01        9800000        0        0
IMMUNEX CORP NEW                 COMMON   452528102     9782    154211 SH       DEFINED    01         154211        0        0
IN STORE ADVERTISING INC         COMMON   452918105        0     50300 SH       DEFINED    01          50300        0        0
INACOM CORP                      COMMON   45323G109      143     52150 SH       DEFINED    01          52150        0        0
***INCO LTD                      COMMON   453258402      188     10287 SH       DEFINED    01          10287        0        0
INCYTE PHARMACEUTICALS INC       COMMON   45337C102      539      6171 SH       DEFINED    01           6171        0        0
INCYTE PHARMACEUTICALS INC       CBONDCNV 45337CAA0     1908   2400000 SH       DEFINED    01        2400000        0        0
INDIANA UNIV REVS RI-TRS-SER     MUNIFLT  455167YP5        0   1285000 SH       DEFINED    01        1285000        0        0
INDIANAPOLIS POWER & LIGHT CO    COMMON   455434878    13422    140000 SH       DEFINED    01         140000        0        0
INDUS INTERNATIONAL INC          COMMON   45578L100    30258   3612947 SH       DEFINED    01              0        0  3612947
***INDUSTRIAL FIN CORP           CFGN     456147AA5       71     75000 SH       DEFINED    01          75000        0        0
INDUSTRIAL FIN CORP THAILAND     CBOND    456147AB3      142    150000 SH       DEFINED    01         150000        0        0
INFINITY BROADCASTING CORP NEW   COMMON   45662S102      456     14100 SH       DEFINED    01          14100        0        0
INFORMATION SCIENCE INC          COMMON   456751106        0     13600 SH       DEFINED    01          13600        0        0
INFORMIX CORP                    COMMON   456779107      394     23289 SH       DEFINED    01          23289        0        0
INFOSPACE COM INC                COMMON   45678T102     3083     21200 SH       DEFINED    01          21200        0        0
INFOTECHNOLOGY INC               COMMON   456798107        0     22600 SH       DEFINED    01          22600        0        0
INHALE THERAPUETIC SYSTEMS INC   CBONDCNV 457191AD6      519    500000 SH       DEFINED    01         500000        0        0
INKTOMI CORP                     COMMON   457277101      203      1043 SH       DEFINED    01           1043        0        0
INNOVET INC                      COMMON   45765P104        0     25600 SH       DEFINED    01          25600        0        0
INSTEEL INDUSTRIES INC           COMMON   45774W108      100     17800 SH       DEFINED    01          17800        0        0
INTEGRA-A HOTEL & RESTAURANT     COMMON   457948107        0    185566 SH       DEFINED    01         185566        0        0
INTEGRATED DEVICE TECHNOLOGY     COMMON   458118106     1062     26824 SH       DEFINED    01          26824        0        0
INTEGRATED HEALTH SERVICES INC   COMMON   45812C106       58    225420 SH       DEFINED    01         225420        0        0
INTERGRATED HEALTH SERVICES      CBOND    45812CAL0       41   1500000 SH       DEFINED    01        1500000        0        0
***INTEGRATED  HLTH SVCS INC     CBOND    45812CAQ9      382  13900000 SH       DEFINED    01       13900000        0        0
***INTEGRATED HEALTH SVCS INC    CBOND    45812CAR7      451  16401000 SH       DEFINED    01       16401000        0        0
***INTEGRATED MICRO PRODUCTS     COMMON   45812R996        0     98000 SH       DEFINED    01          98000        0        0
INTEGRATED RESOURCES INC         COMMON   458124104      279      5890 SH       DEFINED    01           5890        0        0
CALL INTEL CORP   JAN 120 AMEX   OPTLEQTY 45814D9A2     6596     50000     CAL  DEFINED    01          50000        0        0
CALL INTEL CORP   JAN 065 AMEX   OPTLEQTY 45814D9A2     4617     35000     CAL  DEFINED    01          35000        0        0
PUT  INTEL CORP   JAN 045 AMEX   OPTLEQTY 45814D9M6    13193    100000     PUT  DEFINED    01         100000        0        0
PUT  INTEL CORP   JAN 060 AMEX   OPTLEQTY 45814D9M6     4617     35000     PUT  DEFINED    01          35000        0        0
PUT  INTEL CORP   JAN 090 AMEX   OPTLEQTY 45814G9M9     3298     25000     PUT  DEFINED    01          25000        0        0
INTELIDATA TECHNOLOGIES CORP     COMMON   45814T107      640     40000 SH       DEFINED    01              0        0    40000
INTEL CORP                       COMMON   458140100     6813     51640 SH       DEFINED    01              0        0    51640
INTEL CORP                       COMMON   458140100    53914    408639 SH       DEFINED    01         408639        0        0
CALL INTEL CORP   JUL 075 AMEX   OPTLEQTY 4581409G7     3298     25000     CAL  DEFINED    01          25000        0        0
PUT  INTEL CORP   APR 120 AMEX   OPTLEQTY 4581409P7     1451     11000     PUT  DEFINED    01          11000        0        0
PUT  INTEL CORP   APR 100 AMEX   OPTLEQTY 4581409P7    13193    100000     PUT  DEFINED    01         100000        0        0
PUT  INTEL CORP   JUL 050 AMEX   OPTLEQTY 4581409S1    26387    200000     PUT  DEFINED    01         200000        0        0
PUT  INTEL CORP   JUL 065 AMEX   OPTLEQTY 4581409S1     6596     50000     PUT  DEFINED    01          50000        0        0
PUT  INTEL CORP   JUL 100 AMEX   OPTLEQTY 4581409S1    27706    210000     PUT  DEFINED    01         210000        0        0
INTELOGIC TRACE INC NEW          COMMON   45815W109       10    109648 SH       DEFINED    01         109648        0        0
INTELOGIC TRACE INC NEW          PREFERED 45815W208        0     12392 SH       DEFINED    01          12392        0        0
INTER AMERICAN DEVEL BANK        CEURO    458182CJ9     3581   4000000 SH       DEFINED    01        4000000        0        0
INTER AMERN DEV BANK             CBOND    458182BW1      191    200000 SH       DEFINED    01         200000        0        0
INTERIM SERVICES INC             COMMON   45868P100     1842     99252 SH       DEFINED    01          99252        0        0
INTERMAGNETICS GENERAL CORP      COMMON   458771102     1424     83800 SH       DEFINED    01          83800        0        0
INTERMEDIA COMMUNICATIONS FL.    CBOND    458801AF4    20408  21945000 SH       DEFINED    01       21945000        0        0
INTERMEDIA COMMUNICATIONS INC    CBOND    458801AV9      440    500000 SH       DEFINED    01         500000        0        0
*** INTERNATIONAL BK FOR RECON   GOVAGNCY 459056PF8      193    200000 SH       DEFINED    01         200000        0        0
***INTERNATIONAL BANK FOR        GOVAGNCY 459056PP6    26434  27500000 SH       DEFINED    01       27500000        0        0
*** INTL BANK FOR RECON & DEV    CBOND    459056HY6       32    100000 SH       DEFINED    01         100000        0        0
INTERNATIONAL BROADCASTING       COMMON   459173209        2     39501 SH       DEFINED    01          39501        0        0
IBM CORP                         MEDNOTE  45920QCG7     4724   5000000 SH       DEFINED    01        5000000        0        0
INTERNATIONAL BUSINESS           COMMON   459200101      454      3854 SH       DEFINED    01              0        0     3854
INTERNATIONAL BUSINESS           COMMON   459200101     3426     29034 SH       DEFINED    01          29034        0        0
INTL BUSINESS MACHINES CORP      PREFERED 459200309     7262    285521 SH       DEFINED    01         285521        0        0
PUT  IBM          APR 125 ****   OPTLEQTY 4592009P8     5900     50000     PUT  DEFINED    01          50000        0        0
PUT  IBM          MAY 090 ****   OPTLEQTY 4592009Q6     4130     35000     PUT  DEFINED    01          35000        0        0
PUT  IBM          JUL 115 ****   OPTLEQTY 4592009S2    12980    110000     PUT  DEFINED    01         110000        0        0
CALL INTL BU MACH JAN 095 CBOE   OPTLEQTY 4592039A5     1817     15400     CAL  DEFINED    01          15400        0        0
PUT  INTL BU MACH JAN 105 CBOE   OPTLEQTY 4592039M9     1180     10000     PUT  DEFINED    01          10000        0        0
PUT  INTL BU MACH JAN 070 CBOE   OPTLEQTY 4592039M9     2950     25000     PUT  DEFINED    01          25000        0        0
INTL CONSUMER BRANDS INC         COMMON   459356101        0     20800 SH       DEFINED    01          20800        0        0
INTL FAST FOOD CORP              COMMON   45950Q107       17     23072 SH       DEFINED    01          23072        0        0
INTL FLAVORS & FRAGRANCES INC    COMMON   459506101      891     25421 SH       DEFINED    01          25421        0        0
INTL GAMING MANAGEMENT INC       COMMON   459548103        5    102100 SH       DEFINED    01         102100        0        0
INTL HOME FOODS INC              CBOND    459655AC0     1964   2015000 SH       DEFINED    01        2015000        0        0
INTERNATIONAL LEASE FIN CORP     MEDNOTE  45974VWM6      384    400000 SH       DEFINED    01         400000        0        0
PUT  INTL PAPER   JAN 055 CBOE   OPTLEQTY 4599369M4     4275    100000     PUT  DEFINED    01         100000        0        0
CALL CISCO SYSTEM APR 47.5****   OPTLEQTY 45999W9D1     4638     60000     CAL  DEFINED    01          60000        0        0
PUT  CISCO SYSTEM APR 050 ****   OPTLEQTY 45999W9P4    60303    780000     PUT  DEFINED    01         780000        0        0
INTERNATIONAL PAPER CO           COMMON   460146103     3672     85895 SH       DEFINED    01          85895        0        0
PUT  INTL PAPER   JUL 050 CBOE   OPTLEQTY 4601469S4     3206     75000     PUT  DEFINED    01          75000        0        0
PUT  INTL PAPER   JUL 055 CBOE   OPTLEQTY 4601469S4     2137     50000     PUT  DEFINED    01          50000        0        0
INTL RESEARCH & DEVELOPMENT      COMMON   460263106      153    136796 SH       DEFINED    01         136796        0        0
INTERNATIONAL SEMI TECH          CBOND    46031KAA9      500  44507000 SH       DEFINED    01       44507000        0        0
INTERNET CAPITAL GROUP INC       COMMON   46059C106     7757     85900 SH       DEFINED    01          85900        0        0
CALL INTERNET CAP APR 095 ****   OPTLEQTY 46059C9D0     3612     40000     CAL  DEFINED    01          40000        0        0
PUT  INTERNET CAP JUN 095 ****   OPTLEQTY 46059C9R9    13546    150000     PUT  DEFINED    01         150000        0        0
***INTRAWEST CORP NEW            COMMON   460915200      337     20000 SH       DEFINED    01          20000        0        0
INTERVOICE-BRITE INC             COMMON   461142101     4081    141339 SH       DEFINED    01              0        0   141339
INTUIT INC                       COMMON   461202103     3846     70733 SH       DEFINED    01          70733        0        0
INVERSIONES CMPC S A             CBOND    46128MAA9       76     80000 SH       DEFINED    01          80000        0        0
INVESTORS FINANCIAL CORP-VA      COMMON   46150T107        0     95471 SH       DEFINED    01          95471        0        0
INVITROGEN CORP                  CBONDCNV 46185RAA8     4179   5200000 SH       DEFINED    01        5200000        0        0
IOMEGA CORP                      COMMON   462030107      698    183172 SH       DEFINED    01         183172        0        0
***IONA TECHNOLOGIES PLC         ADR      46206P109     4355     58857 SH       DEFINED    01          58857        0        0
***WTS IONICA PLC                WARRANT  462213117      562      7500 SH       DEFINED    01           7500        0        0
IOSCO KO MICH EDC LTD OBLIG      MUNICIPL 462241AP5        0     25000 SH       DEFINED    01          25000        0        0
IOWA SELECT FARMS L P            CBOND    46254EAA3     9800  51580000 SH       DEFINED    01       51580000        0        0
IRIDIUM LLC CAP CORP             CBOND    46268KAL9       16    800000 SH       DEFINED    01         800000        0        0
WTS IRIDIUM WORLD                COMMON   46268L111      520      4500 SH       DEFINED    01           4500        0        0
IRIDIUM OPER CAP CORP LLC        CBOND    462691AB2        1     50000 SH       DEFINED    01          50000        0        0
IROQUOIS BRANDS LTD              COMMON   463349100        0     16759 SH       DEFINED    01          16759        0        0
ISRAEL ELECTRIC CORP LTD         MEDNOTE  46507VAB8       26     30000 SH       DEFINED    01          30000        0        0
ISRAEL ELECTRIC CORP LTD         MEDNOTE  46507VAE2     1902   1958000 SH       DEFINED    01        1958000        0        0
***ISRAEL ST U S GOVT GTD NTS    GOVAGNCY 465139BF9       62    175000 SH       DEFINED    01         175000        0        0
***ISRAEL ST U S GOVT GTD NTS    GOVAGNCY 465139DB6       62    175000 SH       DEFINED    01         175000        0        0
ITRON INC                        COMMON   465741106      168     24300 SH       DEFINED    01          24300        0        0
I2 TECHNOLOGIES INC              COMMON   465754109     5769     47243 SH       DEFINED    01          47243        0        0
IVAX CORP                        COMMON   465823102      337     12367 SH       DEFINED    01          12367        0        0
JTS CORP                         COMMON   465940104        0     18100 SH       DEFINED    01          18100        0        0
J CREW OPER CORP                 CBOND    46612GAB3     1575   1780000 SH       DEFINED    01        1780000        0        0
***JDS UNIPHASE CORP             COMMON   46612J101     5338     44284 SH       DEFINED    01              0        0    44284
***JDS UNIPHASE CORP             COMMON   46612J101    15760    130722 SH       DEFINED    01         130722        0        0
JPM INDUSTRIES INC-CL A          CLASS    46624D100        0   1284289 SH       DEFINED    01        1284289        0        0
JABIL CIRCUIT INC                COMMON   466313103     1126     26053 SH       DEFINED    01          26053        0        0
JACKSON CNTY MICH ECONOMIC DEV   MUNIFLT  467145BE7      700    700000 SH       DEFINED    01         700000        0        0
JACKSON CO MO SINGLE FAM MTG     MUNICIPL 467577CV2        1     10000 SH       DEFINED    01          10000        0        0
JACKSON TWP N J G/O SCH DIST     MUNICIPL 469034GD8      175    185000 SH       DEFINED    01              0        0   185000
JEFFERSON CNTY ALA SWR REV RI    MUNIFLT  472682FX6       97    100000 SH       DEFINED    01         100000        0        0
JEFFERSON CNTY KY HOSP REV REG   MUNIFLT  473033DM7     6734   6400000 SH       DEFINED    01        6400000        0        0
JEFFERSON CNTY KY HOSP REV       MUNIFLT  473033EC8     3953   3800000 SH       DEFINED    01        3800000        0        0
JEFFERSON CO MO IDA 1ST MTG RV   MUNICIPL 473155AL3        0     10000 SH       DEFINED    01          10000        0        0
JEFFERSON CO TEX HSG FIN AUTH    MUNICIPL 473532BY4        4     25000 SH       DEFINED    01              0        0    25000
JEFFERSON NATIONAL BANK          COMMON   474243102        0     36892 SH       DEFINED    01          36892        0        0
JET EQUIPMENT TRUST              CBOND    477122AW5     1846   1740000 SH       DEFINED    01        1740000        0        0
CALL JOHNSON & JO JAN 115 ****   OPTLEQTY 47816K9A0     2802     40000     CAL  DEFINED    01          40000        0        0
JOHNSON & JOHNSON                COMMON   478160104     3517     50199 SH       DEFINED    01          50199        0        0
CALL JOHNSON&JOHN MAY 085 ****   OPTLEQTY 4781609E6      700     10000     CAL  DEFINED    01          10000        0        0
CALL JOHNSON&JOHN JUL 105 ****   OPTLEQTY 4781609G1      420      6000     CAL  DEFINED    01           6000        0        0
CALL JOHNSON&JOHN JAN 095 CBOE   OPTLEQTY 4781639A8     1751     25000     CAL  DEFINED    01          25000        0        0
JOHNSON CITY TENN HEALTH & EDL   MUNIFLT  478271FB0      100    100000 SH       DEFINED    01         100000        0        0
JONES APPAREL GROUP INC          COMMON   480074103      248      7796 SH       DEFINED    01           7796        0        0
JONES INTERCABLE INC             CBOND    480206AJ0     9618   9308000 SH       DEFINED    01        9308000        0        0
JONES INTERCABLE INC             CBOND    480206AK7     6718   6882000 SH       DEFINED    01        6882000        0        0
JONES INTERCABLE INC             CBOND    480206AL5      692    700000 SH       DEFINED    01         700000        0        0
JONES PHARMA INC.                COMMON   480236108     2212     72830 SH       DEFINED    01          72830        0        0
JONES PLUMBING SYSTEMS INC       COMMON   480237106        5     11815 SH       DEFINED    01          11815        0        0
JUMBOSPORTS INC                  CBONDCNV 481386AA8        1     25000 SH       DEFINED    01          25000        0        0
JUNIPER NETWORKS                 COMMON   48203R104     3821     14500 SH       DEFINED    01          14500        0        0
KBC BK FDG TR III                CBOND    48239AAA7      778    735000 SH       DEFINED    01         735000        0        0
KLA-TENCOR CORP                  COMMON   482480100     7965     94549 SH       DEFINED    01              0        0    94549
KLA-TENCOR CORP                  COMMON   482480100     4249     50435 SH       DEFINED    01          50435        0        0
K-MART CORP                      MEDNOTE  48258HAP5     1385   1440000 SH       DEFINED    01        1440000        0        0
K-MART CORP                      MEDNOTE  48258HAS9      480    500000 SH       DEFINED    01         500000        0        0
K MART                           MEDNOTE  48258HBM1       29     30000 SH       DEFINED    01          30000        0        0
***K MART CORP                   MEDNOTE  48258HBR0       48     50000 SH       DEFINED    01          50000        0        0
K-MART CORP                      MEDNOTE  48258HBV1       48     50000 SH       DEFINED    01          50000        0        0
K-MART CORP                      MEDNOTE  48258HCM0       49     50000 SH       DEFINED    01          50000        0        0
K MART CORP PASS THRU TR         CBOND    48258VAG4       10     10000 SH       DEFINED    01          10000        0        0
K MART CORP PASS THRU TR         CBOND    48258VAH2      186    188952 SH       DEFINED    01         188952        0        0
K MART CORP                      COMMON   482584109     9803   1011928 SH       DEFINED    01        1011928        0        0
K-MART CORP                      CBOND    482584AM1       54     60000 SH       DEFINED    01          60000        0        0
K MART CORP-DEBS                 CBOND    482584AN9      273    300000 SH       DEFINED    01         300000        0        0
K MART CORP-DEBS                 CBOND    482584AQ2      265    302000 SH       DEFINED    01         302000        0        0
K-MART CORP                      CBOND    482584BA6     3896   4000000 SH       DEFINED    01        4000000        0        0
KN ENERGY INC                    CBOND    482620AT8     8807   9135000 SH       DEFINED    01        9135000        0        0
K N ENERGY INC                   CBOND    482620HA2     3378   3440000 SH       DEFINED    01        3440000        0        0
KANSAS CITY KANS UTIL SYS REV    MUNIFLT  484790JX9      109    100000 SH       DEFINED    01         100000        0        0
KANSAS CITY LEAVENWORTH&LENEXA   MUNIFLT  484827CS7        4     20000 SH       DEFINED    01          20000        0        0
KANSAS CITY MO IDA MFHR J C      MUNIFLT  485029BF8       10     10000 SH       DEFINED    01          10000        0        0
KANSAS CITY MO INDL DEV REV      MUNICIPL 485032AC0      301    300000 SH       DEFINED    01              0        0   300000
KANSAS CITY SOUTHERN INDS INC    COMMON   485170104      792      9218 SH       DEFINED    01           9218        0        0
KEANE INC                        COMMON   486665102     4392    173942 SH       DEFINED    01         173942        0        0
KELLOGG CO                       COMMON   487836108      331     12952 SH       DEFINED    01          12952        0        0
KELLEY OIL & GAS CORP SR SUB     CBOND    487906AD1    19500  39000000 SH       DEFINED    01       39000000        0        0
KELLEY OIL AND GAS CORP          CBOND    487906AG4     2272   5050000 SH       DEFINED    01        5050000        0        0
***KELLEY OIL & GAS CORP         CBOND    487906AJ8    35298  35654750 SH       DEFINED    01       35654750        0        0
KELLWOOD CO                      COMMON   488044108      582     33156 SH       DEFINED    01          33156        0        0
CALL KEMET CORP   JUL 060 ****   OPTLEQTY 4883609G5     1125     17800     CAL  DEFINED    01          17800        0        0
KENDALL SQUARE RESEARCH CORP     COMMON   488789108        7    116394 SH       DEFINED    01         116394        0        0
KENTUCKY ASSET / LIABILITY       MUNIFLT  49118NAD7       30     30000 SH       DEFINED    01          30000        0        0
KENTUCKY HSG CORP REV GTD        MUNICIPL 491308SZ6       25     25000 SH       DEFINED    01              0        0    25000
KENTUCKY ST TPK AUTH ECON DEV    MUNICIPL 491552GF6     4158   4100000 SH       DEFINED    01        4100000        0        0
KENTUCKY ST TPK AUTH RES REC     MUNIFLT  491557GR9        0    515000 SH       DEFINED    01         515000        0        0
KENTUCKY UTILITIES CO            COMMON   491674602     1580     15000 SH       DEFINED    01          15000        0        0
KERR MCGEE CORP                  COMMON   492386107     7959    137826 SH       DEFINED    01         137826        0        0
KERR MCGEE CORP                  CBONDCNV 492386AL1      855    900000 SH       DEFINED    01         900000        0        0
KERR-MCGEE CORP                  CBONDCNV 492386AP2     2381   2500000 SH       DEFINED    01        2500000        0        0
KERR MCGEE CORP                  PREFCONV 492386305     2412     53600 SH       DEFINED    01          53600        0        0
CALL KERR MCGEE   APR 060 CBOE   OPTLEQTY 4923869D1     2310     40000     CAL  DEFINED    01          40000        0        0
KEY ENERGY GROUP INC             CBONDCNV 492914AD8      376    505000 SH       DEFINED    01         505000        0        0
KEY ENERGY SERVICES INC          CBOND    492914AK2     3067   2840000 SH       DEFINED    01        2840000        0        0
KEY PLASTICS INC                 CBOND    493137AD5      311   3465000 SH       DEFINED    01        3465000        0        0
KEYCORP NEW                      COMMON   493267108      360     18950 SH       DEFINED    01          18950        0        0
KEYSPAN CORP                     COMMON   49337W100     3686    133462 SH       DEFINED    01         133462        0        0
KEYSPAN CORP                     PREFERED 49337W209    58976   2335700 SH       DEFINED    01        2335700        0        0
KIMBERLY CLARK CORP              COMMON   494368103      965     17234 SH       DEFINED    01          17234        0        0
CALL KIMBRLY CLRK OCT 055 ****   OPTLEQTY 4943689J4      352      6300     CAL  DEFINED    01           6300        0        0
KIMCO REALTY CORP 7.50% CV PFD   PREFERED 49446R877     1175     50000 SH       DEFINED    01          50000        0        0
KINDER MORGAN INC KANS           COMMON   49455P101      242      7031 SH       DEFINED    01           7031        0        0
CALL MOTOROLA INC APR 170 ****   OPTLEQTY 49899W9D4     3986     28000     CAL  DEFINED    01          28000        0        0
PUT  MOTOROLA INC APR 175 ****   OPTLEQTY 49899W9P7      783      5500     PUT  DEFINED    01           5500        0        0
***KONINKLIJKE PHILIPS           ADR      500472204      404      2363 SH       DEFINED    01           2363        0        0
***KOREA DEV BANK                MEDNOTE  50063HAW1      203    200000 SH       DEFINED    01         200000        0        0
***KOREA TELECOM                 ADR      50063P103      218      5000 SH       DEFINED    01           5000        0        0
***KOREA DEV BANK                CEURO    500630AD0     2441   2450000 SH       DEFINED    01        2450000        0        0
***KOREA DEV BANK                CFGN     500630AJ7     5410   5830000 SH       DEFINED    01        5830000        0        0
***KOREAN DEVELOPMENT BANK       CEURO    500630AL2      466    487000 SH       DEFINED    01         487000        0        0
***KOREA DEVELOPMENT BANK        CFGN     500630AN8    13278  14015000 SH       DEFINED    01       14015000        0        0
***KOREA DEVELOPEMENT BANK       CFGN     500630AS7     1288   1333000 SH       DEFINED    01        1333000        0        0
***KOREA DEVELOPMENT BANK        CBOND    500630BA5     9855  10000000 SH       DEFINED    01       10000000        0        0
***KOREA ELEC PWR CORP DEB       CFGN     500631AB2     1537   1650000 SH       DEFINED    01        1650000        0        0
***KOREA ELEC PWR CORP NOTE      CBOND    500631AC0    10800  11553000 SH       DEFINED    01       11553000        0        0
*** KOREA ELECTRIC POWER CORP    CBONDCNV 500631AF3      465    500000 SH       DEFINED    01         500000        0        0
KOREA ELECTRIC POWER CORP        CBOND    500631AH9     6749   7380000 SH       DEFINED    01        7380000        0        0
***KOREA ELEC PWR                CBOND    500631AJ5     3481   3595000 SH       DEFINED    01        3595000        0        0
KRONOS INC                       COMMON   501052104     1119     37788 SH       DEFINED    01          37788        0        0
KULICKE & SOFFA INDUSTRIES INC   COMMON   501242101      648     10128 SH       DEFINED    01          10128        0        0
L & H CAP TR I                   PREFCONV 501608202     1149     12343 SH       DEFINED    01          12343        0        0
LTV CORP NEW                     COMMON   501921100       35     10000 SH       DEFINED    01              0        0    10000
L-3 COMMUNICATIONS CORP          CBOND    502413AC1     1841   1855000 SH       DEFINED    01        1855000        0        0
L-3 COMMUNICATIONS HLDINGS INC   COMMON   502424104      832     16000 SH       DEFINED    01              0        0    16000
CALL MOTOROLA INC JAN 200 ****   OPTLEQTY 50299W9A4     1423     10000     CAL  DEFINED    01          10000        0        0
LABORATORY CORP OF AMERICA       PREFERED 50540R201     1638     21000 SH       DEFINED    01          21000        0        0
***LAIDLAW INC                   COMMON   50730K503      102     71200 SH       DEFINED    01          71200        0        0
LAIDLAW INC DEBS                 CBOND    50730KAA5     6883   9834000 SH       DEFINED    01        9834000        0        0
LAIDLAW INC                      CBOND    50730KAB3      975   1500000 SH       DEFINED    01        1500000        0        0
LAIDLAW INC                      CBOND    50730KAG2     1369   2200000 SH       DEFINED    01        2200000        0        0
LAIDLAW INC                      CBOND    50730KAK3     2708   4440000 SH       DEFINED    01        4440000        0        0
LAIDLAW INC                      CBOND    50730KAL1     5417   9850000 SH       DEFINED    01        9850000        0        0
LAIDLAW INC                      CBOND    50730KAM9     2508   4180000 SH       DEFINED    01        4180000        0        0
LAIDLAW INC                      CBOND    50730KAN7      526    975000 SH       DEFINED    01         975000        0        0
LAKEWOOD CO COLO FLO FIXED RT    MUNIFLT  512525AN6       25     25000 SH       DEFINED    01              0        0    25000
LAKEWOOD CO COLO FLO FIXED RT    MUNIFLT  512525AN6      200    200000 SH       DEFINED    01         200000        0        0
LANDMARK COMMUNITY BANCORP INC   COMMON   515057107        0     28412 SH       DEFINED    01          28412        0        0
LASALLE NATIONAL CORP            COMMON   518028758    12667     12860 SH       DEFINED    01          12860        0        0
LASALLE NATIONAL CORP-5.99%      PREFERED 518028790      997     20000 SH       DEFINED    01          20000        0        0
LASMO USA INC GTD NOTE           CBOND    51808BAB8      230    225000 SH       DEFINED    01         225000        0        0
LASMO USA INC                    CBOND    51808BAE2     7477   8390000 SH       DEFINED    01        8390000        0        0
LASMO USA INC GTD NT             CBOND    51808BAF9      930   1000000 SH       DEFINED    01        1000000        0        0
LASMO AMERICA LTD                PREFERED 51808V207     6922     65000 SH       DEFINED    01          65000        0        0
LAWRENCE INSURANCE GROUP INC     COMMON   520075102        6     67900 SH       DEFINED    01          67900        0        0
LEAR CORPORATION                 CBOND    521865AA3     3007   3100000 SH       DEFINED    01        3100000        0        0
LEAR CORP                        CBOND    521865AC9      329    355000 SH       DEFINED    01         355000        0        0
LEATHER FACTORY INC              COMMON   522126101       36     32672 SH       DEFINED    01          32672        0        0
LEE PHARMACEUTICALS INC          COMMON   524038106       13     50000 SH       DEFINED    01          50000        0        0
LEGATO SYSTEMS INC               COMMON   524651106      931     20870 SH       DEFINED    01          20870        0        0
CALL LEGATO SYS   JUN 075 CBOE   OPTLEQTY 5246519F5      446     10000     CAL  DEFINED    01              0        0    10000
LEGRAND S A DEB                  CBOND    524671AA2     7160   6825000 SH       DEFINED    01        6825000        0        0
LEGG MASON INC                   COMMON   524901105      235      5453 SH       DEFINED    01           5453        0        0
LEHMAN BROTHERS HOLDINGS INC     MEDNOTE  524908CB4      218    190000 SH       DEFINED    01         190000        0        0
LEHMAN BROTHERS HOLDINGS INC     COMMON   524908100      259      2678 SH       DEFINED    01              0        0     2678
LEHMAN BROTHERS HOLDINGS INC     COMMON   524908100      333      3441 SH       DEFINED    01           3441        0        0
LEHMAN BROTHERS HLDGS INC-5%     COMMON   524908258    33889    353013 SH       DEFINED    01         353013        0        0
LEHMAN BROS HOLDINGS INC         CBOND    524908BM1     5069   4825000 SH       DEFINED    01        4825000        0        0
LEHMAN BROS HOLDINGS INC         CBOND    524908CA6     2193   1855000 SH       DEFINED    01        1855000        0        0
LEHMAN BROTHERS HLDGS INC        CBONDCNV 524908CE8    11660  11000000 SH       DEFINED    01       11000000        0        0
***LEHMAN BROTHERS HOLDINGS      CBOND    524908CG3      499    500000 SH       DEFINED    01         500000        0        0
LEHMAN BROTHERS HLDGS INC        CBONDCNV 524908CH1     1800   1800000 SH       DEFINED    01        1800000        0        0
LEHMAN BROTHERS HOLDINGS INC     PREFERED 524908167    27592   1123359 SH       DEFINED    01        1123359        0        0
LEHMAN BROS INC DEP CUST RCPTS   MUNIFLT  52517AAA2        0    400000 SH       DEFINED    01         400000        0        0
LEHMAN BROTHERS INC CUSTD/RCPT   MUNIFLT  52517BAA0        0    615000 SH       DEFINED    01         615000        0        0
LEHMAN BROTHERS HLDGS INC        MEDNOTE  52517PPQ8       30     30000 SH       DEFINED    01          30000        0        0
LEHMAN BROS HLDGS INC            MEDNOTE  52517PQE4       15     15000 SH       DEFINED    01          15000        0        0
LEHMAN BROTHERS HOLDINGS         CBOND    52517PKU4       10     11000 SH       DEFINED    01          11000        0        0
WTS LEHMAN BROTHERS FINANCE SA   WARRANT  52518V321     1892     94800 SH       DEFINED    01          94800        0        0
WTS LEHMAN BROS FIN S A          WARRANT  52518V362       74     12700 SH       DEFINED    01              0        0    12700
WTS LEHMAN BROS FIN S A          WARRANT  52518V362     1036    175600 SH       DEFINED    01         175600        0        0
LEHMAN BROTHERS FINANCE S A      WARRANT  52518V370     2764    477000 SH       DEFINED    01         477000        0        0
LEHMAN BROTHERS FINANCE S A      WARRANT  52518V396        0    475000 SH       DEFINED    01         475000        0        0
WTS LEHMAN BROS FIN S A          WARRANT  52518V420    15405     20000 SH       DEFINED    01          20000        0        0
WT LEHMAN BROS FIN S A           WARRANT  52518V446        0   6000000 SH       DEFINED    01        6000000        0        0
LEHMAN BROTHERS FINANCE S A      WARRANT  52518V511    27819    326460 SH       DEFINED    01         326460        0        0
WTS LEHMN BROS FIN S A CALL WT   WARRANT  52518V537        0     55000 SH       DEFINED    01          55000        0        0
WTS LEHMAN BROS FIN S A          WARRANT  52518V560      138     13800 SH       DEFINED    01          13800        0        0
WTS LEHMAN BROS FIN S A          WARRANT  52518V586      111     18000 SH       DEFINED    01          18000        0        0
WTS LEHMAN BROS FIN S A          WARRANT  52518V610     1667     52900 SH       DEFINED    01          52900        0        0
WTS LEHMAN BROTHERS FINANCE SA   WARRANT  52518V644     4856    393200 SH       DEFINED    01         393200        0        0
WTS LEHMAN BROTHERS FIN SA       WARRANT  52518V669     2374     87800 SH       DEFINED    01              0        0    87800
WTS LEHMAN BROTHERS FIN SA       WARRANT  52518V669    47725   1765000 SH       DEFINED    01        1765000        0        0
WTS LEHMAN BROS FIN S A          WARRANT  52518V685     7929    923600 SH       DEFINED    01         923600        0        0
WTS LEHMAN BROS FIN S A          WARRANT  52518V719    10715    422300 SH       DEFINED    01              0        0   422300
WTS LEHMAN BROS FIN S A          WARRANT  52518V719    21763    857700 SH       DEFINED    01         857700        0        0
WTS LEHMAN BROS FIN S A          WARRANT  52518V735      127     15000 SH       DEFINED    01              0        0    15000
WTS LEHMAN BROS FIN S A          WARRANT  52518V735     7069    831700 SH       DEFINED    01         831700        0        0
WTS LEHMAN BROS FIN S A          WARRANT  52518V750     1359    241700 SH       DEFINED    01         241700        0        0
WTS LEHMAN BROS FIN S A CALL     WARRANT  52518V776    20805    815900 SH       DEFINED    01         815900        0        0
LEHMAN TAX FREE RESERVES INC     COMMON   525188108        0    100000 SH       DEFINED    01         100000        0        0
LENFEST COMMUNICATIONS INC       CBOND    526055AA6     2542   2500000 SH       DEFINED    01        2500000        0        0
LENFEST COMMUNICATIONS INC       CBOND    526055AD0     5357   4795000 SH       DEFINED    01        4795000        0        0
LENFEST COMMUNICATIONS INC       CBOND    526055AG3     1949   2000000 SH       DEFINED    01        2000000        0        0
LENFEST COMMUNICATIONS           CBOND    526055AK4     2769   2790000 SH       DEFINED    01        2790000        0        0
***LEP GROUP PLC                 ADR      526689203       25     87200 SH       DEFINED    01          87200        0        0
LEVEL 3 COMMUNICATIONS INC       COMMON   52729N100     3942     37284 SH       DEFINED    01          37284        0        0
LEVEL 3 COMMUN144-A              CBOND    52729NAP5     1492   3000000 SH       DEFINED    01        3000000        0        0
LEVI STRAUSS & CO NEW NOTE       CBOND    52736RAC6     2220   3700000 SH       DEFINED    01        3700000        0        0
WTS LEVITZ FURNITURE INC         WARRANT  527482111        0     13175 SH       DEFINED    01          13175        0        0
LIBERATE TECHNOLOGIES            COMMON   530129105     1267     20200 SH       DEFINED    01          20200        0        0
LIBERTY MEDIA CORP               CBOND    530715AD3      159    160000 SH       DEFINED    01         160000        0        0
LIBERTY MEDIA CORP               CBOND    530715AH4    32757  33995000 SH       DEFINED    01       33995000        0        0
LIFEPOINT HOSPITALS HLDG         CBOND    53219JAC8     1250   1250000 SH       DEFINED    01        1250000        0        0
LILIHA PKG L P HAWAII REV        MUNIFLT  532394AA1       35     35000 SH       DEFINED    01              0        0    35000
LILIHA PKG L P HAWAII REV        MUNIFLT  532394AA1       20     20000 SH       DEFINED    01          20000        0        0
ELI LILLY & CO                   COMMON   532457108     2987     47423 SH       DEFINED    01              0        0    47423
ELI LILLY & CO                   COMMON   532457108     4919     78087 SH       DEFINED    01          78087        0        0
CALL ELI LILLY    APR 065 AMEX   OPTLEQTY 5324579D2      945     15000     CAL  DEFINED    01          15000        0        0
LINEAR TECHNOLOGY CORP           COMMON   535678106     4580     83288 SH       DEFINED    01          83288        0        0
LIQUID AUDIO INC                 COMMON   53631T102     1113     84050 SH       DEFINED    01              0        0    84050
LIPOSOME CO INC                  COMMON   536310105      185     10602 SH       DEFINED    01          10602        0        0
LIVERMORE CALIF M/FAM REV RFDG   MUNIFLT  537900AD4       95     95000 SH       DEFINED    01          95000        0        0
LITTON INDUSTRIES INC            COMMON   538021106      560     12686 SH       DEFINED    01          12686        0        0
LOCKHEED MARTIN CORP             CBOND    539830AL3     4994   5000000 SH       DEFINED    01        5000000        0        0
LOEWEN GROUP INTL INC            CBOND    54042DAF5      610   1388000 SH       DEFINED    01        1388000        0        0
LOEWEN GROUP INTL INC            CBOND    54042DAN8       57    131000 SH       DEFINED    01         131000        0        0
LOEWS CINEPLEX ENTMT CORP        CBOND    540423AB6      630   1000000 SH       DEFINED    01        1000000        0        0
LOEWS CORP SUB NOTE              CBONDCNV 540424AL2     3473   3958000 SH       DEFINED    01        3958000        0        0
LOMAS FINANCIAL CORP NEW         COMMON   541535100        7    163892 SH       DEFINED    01         163892        0        0
LONE STAR LIQUIDATING TRUST      COMMON   54229R102       64   1153000 SH       DEFINED    01        1153000        0        0
LONG BEACH CALIF HBR REV RI-     MUNIFLT  542424GA8      741    100000 SH       DEFINED    01         100000        0        0
LONG ISLAND PWR AUTH N Y ELEC    MUNICIPL 542690HS4       95    100000 SH       DEFINED    01              0        0   100000
CALL EMULEX CORP  APR 180 ****   OPTLEQTY 54299W9D0      545      5000     CAL  DEFINED    01           5000        0        0
PUT  EMULEX CORP  APR 145 ****   OPTLEQTY 54299W9P3      218      2000     PUT  DEFINED    01           2000        0        0
PUT  EMULEX CORP  APR 165 ****   OPTLEQTY 54299W9P3     1636     15000     PUT  DEFINED    01          15000        0        0
PUT  EMULEX CORP  JUL 150 ****   OPTLEQTY 54299W9S7     2728     25000     PUT  DEFINED    01          25000        0        0
LOOMIS FARGO & CO                CBOND    543462AC9    10839  11005000 SH       DEFINED    01       11005000        0        0
LORAL CORP SENIOR DEBENTURES     CBOND    543859AK8     5711   5750000 SH       DEFINED    01        5750000        0        0
***LORAL SPACE &                 CFGN     543885AD9     1008   1575000 SH       DEFINED    01        1575000        0        0
LORAL SPACE & COMMS LTD          PREFCONV 543885602    18410    526000 SH       DEFINED    01         526000        0        0
LOS ANGELES CA CRA-FLO RT-MO     MUNIFLT  544391AQ8       15     15000 SH       DEFINED    01          15000        0        0
LOS ANGELES CA CMNTY REDEV AGY   MUNIFLT  544393AG6      390    390000 SH       DEFINED    01         390000        0        0
LOS ANGELES CALIF CONVENTION &   MUNIFLT  544399BG2       95    100000 SH       DEFINED    01         100000        0        0
LOS ANGELES CALIF DEPT WTR &     MUNICIPL 544508DH4      313    300000 SH       DEFINED    01         300000        0        0
LOS ANGELES CA HBR DEPT REV      MUNIFLT  544552JC7      658    620000 SH       DEFINED    01         620000        0        0
LOS ANGELES CALIF HBR DEPT REV   MUNIRIB  544552JH6       25     20000 SH       DEFINED    01          20000        0        0
LOS ANGELES CALIF UNI SCH DIST   MUNIRIB  544644EG8    37714   6840000 SH       DEFINED    01        6840000        0        0
LOS ANGELES CALIF WASTEWTR SYS   MUNIRIB  544652RD4      847    800000 SH       DEFINED    01         800000        0        0
LOS ANGELES CALIF WSTWTR SYS     MUNINOTY 544652WK2      162    150000 SH       DEFINED    01         150000        0        0
LOS ANGELES CALIF WSTWTR SYS     MUNIRIB  544652WM8      210    200000 SH       DEFINED    01         200000        0        0
LOS ANGELES CNTY CALIF MET       MUNICIPL 544712CX8      187    175000 SH       DEFINED    01              0        0   175000
LOS ANGELES CNTY CALIF MET       MUNIFLT  544712KR2       87    100000 SH       DEFINED    01         100000        0        0
LOS ANGELES CNTY CALIF PUB WKS   MUNIFLT  544738EF0        0   1500000 SH       DEFINED    01        1500000        0        0
LOS ANGELES CNTY CA SAN DISTS    MUNICIPL 545149AJ5      102    100000 SH       DEFINED    01              0        0   100000
LOS RIOS CALIF CMNTY COLLEGE     MUNIFLT  545624CF3    17212   1000000 SH       DEFINED    01        1000000        0        0
LOUISIANA HSG FIN AGY MTG REV    MUNIRIB  5462655R6      545     60000 SH       DEFINED    01          60000        0        0
LOUISIANA PUB FACS AUTH HOSP     MUNICIPL 546395RS5      102    100000 SH       DEFINED    01              0        0   100000
LOUISIANA PUB FACS AUTH HOSP     MUNICIPL 546395RT3      102    100000 SH       DEFINED    01              0        0   100000
LOUISIANA PUB FACS AU HSP REV    MUNICIPL 546395VH4     2619   3025000 SH       DEFINED    01        3025000        0        0
LOUISIANA PUB FACS AUTH HOSP     MUNICIPL 546395WF7     1798   1700000 SH       DEFINED    01        1700000        0        0
LOUISIANA PUB FACS AUTH HOSP     MUNIRIB  546395YT5        0   4755000 SH       DEFINED    01        4755000        0        0
LOUISIANA PUB FACS AU     WKLY   MUNIFLT  546396SM5       15     15000 SH       DEFINED    01          15000        0        0
LOUISVILLE & JEFFERSON CNTY KY   MUNIFLT  546589GJ5        0   3030000 SH       DEFINED    01        3030000        0        0
LOUISVILLE & JEFFERSON CNTY KY   MUNIFLT  546589HM7    13781  12960000 SH       DEFINED    01       12960000        0        0
LOWER COLO RIV AUTH TEX REV      MUNICIPL 548100HJ8       25     25000 SH       DEFINED    01          25000        0        0
***LOWES COMPANIES INC           CFGN     548661AK3      126    150000 SH       DEFINED    01         150000        0        0
CALL LUCENT TECH  JAN 045 ****   OPTLEQTY 54946C9A7      303      5000     CAL  DEFINED    01           5000        0        0
PUT  LUCENT TECH  JAN 050 ****   OPTLEQTY 54946C9M1     1518     25000     PUT  DEFINED    01          25000        0        0
PUT  LUCENT TECH  JAN 060 ****   OPTLEQTY 54946C9M1     1518     25000     PUT  DEFINED    01          25000        0        0
PUT  LUCENT TECH  JAN 57.5****   OPTLEQTY 54946C9M1     3948     65000     PUT  DEFINED    01          65000        0        0
PUT  LUCENT TECH  JAN 62.5****   OPTLEQTY 54946C9M1     3037     50000     PUT  DEFINED    01          50000        0        0
LUCENT TECHNOLOGIES INC          COMMON   549463107      292      4811 SH       DEFINED    01              0        0     4811
LUCENT TECHNOLOGIES INC          COMMON   549463107     5514     90769 SH       DEFINED    01          90769        0        0
CALL LUCENT TECH  JUL 055 ****   OPTLEQTY 5494639G4    11493    189200     CAL  DEFINED    01         189200        0        0
CALL LUCENT TECH  JUL 060 ****   OPTLEQTY 5494639G4     1518     25000     CAL  DEFINED    01          25000        0        0
CALL LUCENT TECH  JUL 065 ****   OPTLEQTY 5494639G4    10631    175000     CAL  DEFINED    01         175000        0        0
CALL LUCENT TECH  JUL 070 ****   OPTLEQTY 5494639G4     2126     35000     CAL  DEFINED    01          35000        0        0
PUT  LUCENT TECH  APR 040 ****   OPTLEQTY 5494639P4     7909    130200     PUT  DEFINED    01         130200        0        0
PUT  LUCENT TECH  APR 055 ****   OPTLEQTY 5494639P4    12150    200000     PUT  DEFINED    01         200000        0        0
PUT  LUCENT TECH  JUL 055 ****   OPTLEQTY 5494639S8    10631    175000     PUT  DEFINED    01         175000        0        0
PUT  LUCENT TECH  JUL 060 ****   OPTLEQTY 5494639S8     6682    110000     PUT  DEFINED    01         110000        0        0
PUT  LUCENT TECH  JUL 065 ****   OPTLEQTY 5494639S8     4100     67500     PUT  DEFINED    01          67500        0        0
CALL LUCENT TECH  JAN 080 ****   OPTLEQTY 5494669A0      911     15000     CAL  DEFINED    01          15000        0        0
LYCOS INC                        COMMON   550818108     1791     25505 SH       DEFINED    01          25505        0        0
LYDALL INC                       COMMON   550819106      110     12600 SH       DEFINED    01          12600        0        0
***LYONDELL CHEMICAL COMPANY     CFGN     552078AL1     8003   8425000 SH       DEFINED    01        8425000        0        0
MBNA CORP-7.50% CUM PFD SER A    PREFCUMU 55262L209     1640     66300 SH       DEFINED    01          66300        0        0
MBNA CORP-ADJ RATE CUM PFD       PREFCUMU 55262L308    15097    610000 SH       DEFINED    01         610000        0        0
CALL MBNA CORP    JUN 020 ****   OPTLEQTY 55262L9F9     1096     43000     CAL  DEFINED    01          43000        0        0
CALL MBNA CORP    JAN 035 ****   OPTLEQTY 55263R9A6     1530     60000     CAL  DEFINED    01          60000        0        0
MCI CAPITAL I-8% CUM QUARTERLY   PREFERED 55267Y206     2137     95000 SH       DEFINED    01          95000        0        0
MCI COMMUNICATIONS CORP          CBOND    552673AV7     7211   7400000 SH       DEFINED    01        7400000        0        0
MCI WORLDCOM INC                 COMMON   55268B106      538     11882 SH       DEFINED    01              0        0    11882
MCI WORLDCOM INC                 COMMON   55268B106    21635    477483 SH       DEFINED    01         477483        0        0
PUT  MCI WORLDCOM MAY 035 ****   OPTLEQTY 55268B9Q1     3398     75000     PUT  DEFINED    01          75000        0        0
MEPC INTL CAPITAL LP-9.125%      PREFERED 55271M206      867     44200 SH       DEFINED    01          44200        0        0
MEI DIVERSIFIED INC              COMMON   552712101        8    129300 SH       DEFINED    01         129300        0        0
MGM GRAND INC                    CBOND    552953AA9     2157   2350000 SH       DEFINED    01        2350000        0        0
ML CAPITAL TRUST I               CBOND    55306AAC6      754    650000 SH       DEFINED    01         650000        0        0
M-S-R PUB PWR AGY CA SAN JUAN    MUNIGAIN 553751BJ6       20     20000 SH       DEFINED    01          20000        0        0
M-S-R PUB PWR AGY CALIF SAN      MUNIRIB  553751HH4       31     25000 SH       DEFINED    01          25000        0        0
MACERICH CO                      REIT     554382101     2070    100404 SH       DEFINED    01         100404        0        0
MACROMEDIA INC                   COMMON   556100105      279      3099 SH       DEFINED    01           3099        0        0
PUT  INCYTE PHARM JUN 160 PBW    OPTLEQTY 55899W9R0      262      3000     PUT  DEFINED    01           3000        0        0
PUT  QUALCOMM INC JAN 085 ****   OPTLEQTY 55999W9M0    10153     68000     PUT  DEFINED    01          68000        0        0
MAHWAH TWP N J SCH DIST          MUNICIPL 560262FF9      422    420000 SH       DEFINED    01              0        0   420000
***MALAYSIA                      CFGN     560904AE4     8493   8250000 SH       DEFINED    01        8250000        0        0
MALLARD COACH CO INC             COMMON   561208109        0    129060 SH       DEFINED    01         129060        0        0
MANAGEMENT TECHNOLOGIES INC      COMMON   561704305        0     12000 SH       DEFINED    01          12000        0        0
***MANDALAY RESORT GROUP         COMMON   562567107      183     10851 SH       DEFINED    01          10851        0        0
***PROVINCE OF MANITOBA (CDA)    CFGN     563469CZ6     3492   3025000 SH       DEFINED    01        3025000        0        0
MANPOWER INC-WISC                COMMON   56418H100      248      6997 SH       DEFINED    01           6997        0        0
MANUFACTURED HOMES INC-CL A      COMMON   564685105        0     70576 SH       DEFINED    01          70576        0        0
MARICOPA CNTY ARIZ INDL DEV      MUNIFLT  56682HAG4      150    150000 SH       DEFINED    01         150000        0        0
MARIN CNTY CALIF G/O             MUNIRIB  567830BG8     4105    720000 SH       DEFINED    01         720000        0        0
MARIN CO CALIF REDEV AGCY REV    MUNICIPL 567873AW4       45     45000 SH       DEFINED    01          45000        0        0
MARINER POST ACUTE NETWWORK      CBOND    568459AA9        8    440000 SH       DEFINED    01         440000        0        0
MARINER POST ACUTE NETWORK INC   CBOND    568459AB7      130  13000000 SH       DEFINED    01       13000000        0        0
MARSH & MCLENNAN COMPANIES INC   COMMON   571748102      214      1949 SH       DEFINED    01           1949        0        0
MARSHALL & ILSLEY CORP           COMMON   571834100      384      6653 SH       DEFINED    01           6653        0        0
MARRIOT INTERNATIONAL INC        CBOND    571900AQ2     7003   7044000 SH       DEFINED    01        7044000        0        0
MARYLAND ST CMNTY DEV ADMIN      MUNIFLT  57419H6M4        0     70000 SH       DEFINED    01          70000        0        0
MASSACHUSETTS BAY TRANSN AUTH    MUNICIPL 575567AU6      154    150000 SH       DEFINED    01              0        0   150000
MASSACHUSETTS BAY TRANSN AUTH    MUNIRIB  575567NR9      971    230000 SH       DEFINED    01         230000        0        0
MASSACHUSETTS ELEC CO SECD       MEDNOTE  57564EAW7     4940   5000000 SH       DEFINED    01        5000000        0        0
MASS INSTITUTE OF TECH           MEDNOTE  57571KAB0     1488   1610000 SH       DEFINED    01        1610000        0        0
MASSACHUSETTS MUN WHSL ELEC CO   MUNICIPL 575765LJ9      100    100000 SH       DEFINED    01              0        0   100000
MASSACHUSETTS MUN WHSL ELEC      MUNICIPL 575765MV1       44     50000 SH       DEFINED    01          50000        0        0
MASSACHUSETTS MUN WHSL ELEC      MUNIRIB  575765TQ5      720     25000 SH       DEFINED    01          25000        0        0
MASSACHUSETTS ST FED HWY         MUNIFLT  57583PAZ2      277     50000 SH       DEFINED    01          50000        0        0
MASSACHUSETTS HLTH & EDUC FACS   MUNICIPL 57585J6S5     6249   7120000 SH       DEFINED    01        7120000        0        0
MASSACHUSETTS HLTH & EDUC        MUNI     57585KDV7        0     50000 SH       DEFINED    01              0        0    50000
MASSACHUSETTS ST HEALTH & EDL    MUNIFLT  57585KKR8        0     20000 SH       DEFINED    01          20000        0        0
MASSACHUSETTS STATE HLTH & EDL   MUNICIPL 575851JP6      145    150000 SH       DEFINED    01         150000        0        0
MASSACHUSETTS ST H&E FACSAUTH    MUNICIPL 575851YD6        6     20000 SH       DEFINED    01          20000        0        0
MASSACHUSETTS ST INDL FIN AGY    MUNICIPL 575857BD8        0    194989 SH       DEFINED    01         194989        0        0
MASSACHUSETTS ST HSG FIN AGY     MUNICIPL 575915FK4       45     45000 SH       DEFINED    01          45000        0        0
MASSACHUSETTS ST HSG FIN AGY     MUNIFLT  575930BL5      122     25000 SH       DEFINED    01          25000        0        0
MASSACHUSETTS ST TPK AUTH MET    MUNICIPL 576018CX1    24596  28800000 SH       DEFINED    01       28800000        0        0
MASSMUTUAL PARTICIPATION         COMMON   576299101      183     21000 SH       DEFINED    01              0        0    21000
MATTEL INC                       COMMON   577081102     4576    438453 SH       DEFINED    01         438453        0        0
MAXIM INTEGRATED PRODUCTS INC    COMMON   57772K101     5734     80692 SH       DEFINED    01          80692        0        0
MAY DEPT STORES CO               CBOND    577778BJ1      921   1015000 SH       DEFINED    01        1015000        0        0
CALL MAY DEPT STR SEP 025 CBOE   OPTLEQTY 5777789I6      541     19000     CAL  DEFINED    01          19000        0        0
WTS MCCAW INTERNATIONAL LTD      WARRANT  579472119        0     11690 SH       DEFINED    01          11690        0        0
MCCRORY CORP SF S/D-REG-         CBOND    579865AH9        0     19400 SH       DEFINED    01          19400        0        0
MCDONALDS CORP                   COMMON   580135101      295      7880 SH       DEFINED    01              0        0     7880
MCDONALDS CORP                   COMMON   580135101     1236     32919 SH       DEFINED    01          32919        0        0
PUT  MCDONALDS    SEP 42.5****   OPTLEQTY 5801359U7     3756    100000     PUT  DEFINED    01         100000        0        0
PUT  MCDONALDS    JAN 030 CBOE   OPTLEQTY 5801389M9     1878     50000     PUT  DEFINED    01          50000        0        0
MCGRAW HILL COMPANIES INC        COMMON   580645109      286      6294 SH       DEFINED    01           6294        0        0
MCKESSON FINANCING TRUST-5%      COMMON   58155P501     2657     74075 SH       DEFINED    01          74075        0        0
MCKESSON HBOC INC                COMMON   58155Q103     1361     64820 SH       DEFINED    01          64820        0        0
MCLEODUSA INC-CL A               COMMON   582266102     2200     25947 SH       DEFINED    01          25947        0        0
MCLEODUSA INC                    CBOND    582266AF9      234    250000 SH       DEFINED    01         250000        0        0
MC LEODUSA INC                   CBOND    582266AJ1      335    375000 SH       DEFINED    01         375000        0        0
MC MINN CNTY TENN INDL DEV BRD   MUNICIPL 582359AC9     7728   7500000 SH       DEFINED    01        7500000        0        0
PUT  MCI WORLDCO JAN46.625****   OPTLEQTY 58299W9M1     6117    135000     PUT  DEFINED    01         135000        0        0
MEDIAONE GROUP INC               COMMON   58440J104    29060    358767 SH       DEFINED    01         358767        0        0
***MEDIAONE GROUP INC            PREFCONV 58440J500      208      4000 SH       DEFINED    01              0        0     4000
MEDIA VISION TECHNOLOGY INC      COMMON   58445H103        0    180904 SH       DEFINED    01         180904        0        0
***MEDIACOM LLC/MEDIACOM CAP     CBOND    58445MAE2      648    750000 SH       DEFINED    01         750000        0        0
MEDIAONE FINANCE TRUST III       PREFERED 584458202    22698    907952 SH       DEFINED    01         907952        0        0
MEDICAL CARE INTL INC SUB DEB    CBONDCNV 584505AC5     1226   1432000 SH       DEFINED    01        1432000        0        0
MEDICAL PROPERTIES INC           REIT     58461M101        0     34366 SH       DEFINED    01          34366        0        0
MEDIMMUNE INC                    COMMON   584699102     5486     31507 SH       DEFINED    01          31507        0        0
MEGAFOODS STORES INC             COMMON   584951107        0    144855 SH       DEFINED    01         144855        0        0
MEDITRUST NOTE                   CBOND    58501TAF5     1314   2075000 SH       DEFINED    01        2075000        0        0
MEDITRUST CORP-PAIRED CTF        REIT     58501T306       26     14403 SH       DEFINED    01          14403        0        0
MEDTRONIC INC                    COMMON   585055106     1644     31971 SH       DEFINED    01          31971        0        0
CALL MEDTRONIC    MAY 045 CBOE   OPTLEQTY 5850559E8     2571     50000     CAL  DEFINED    01          50000        0        0
CALL MEDTRONIC    AUG 060 ****   OPTLEQTY 5850559H1     2859     55600     CAL  DEFINED    01          55600        0        0
MELLON FINL CORP                 COMMON   58551A108      306     10400 SH       DEFINED    01              0        0    10400
MELLON FINL CORP                 COMMON   58551A108      926     31407 SH       DEFINED    01          31407        0        0
MELLON CAPITAL I                 PFDTRUST 58551GAA3      368    400000 SH       DEFINED    01         400000        0        0
CALL HOME DEPOT   JAN 040 ****   OPTLEQTY 58599W9A4      774     12000     CAL  DEFINED    01          12000        0        0
CALL HOME DEPOT   MAY 040 ****   OPTLEQTY 58699W9E5     8175    126750     CAL  DEFINED    01         126750        0        0
MERCK & CO INC                   COMMON   589331107      421      6785 SH       DEFINED    01              0        0     6785
MERCK & CO INC                   COMMON   589331107     5080     81780 SH       DEFINED    01          81780        0        0
CALL MERCK & CO   APR 065 CBOE   OPTLEQTY 5893319D1      590      9500     CAL  DEFINED    01           9500        0        0
CALL MERCK & CO   JUL 070 CBOE   OPTLEQTY 5893319G4     1242     20000     CAL  DEFINED    01          20000        0        0
PUT  MERCK & CO   APR 055 CBOE   OPTLEQTY 5893319P4     3833     61700     PUT  DEFINED    01          61700        0        0
PUT  MERCK & CO   APR 065 CBOE   OPTLEQTY 5893319P4     5280     85000     PUT  DEFINED    01          85000        0        0
PUT  MERCK & CO   JUL 055 CBOE   OPTLEQTY 5893319S8     1553     25000     PUT  DEFINED    01          25000        0        0
PUT  MERCK & CO   JUL 065 CBOE   OPTLEQTY 5893319S8     6212    100000     PUT  DEFINED    01         100000        0        0
CALL MERCK & CO   JAN 060 CBOE   OPTLEQTY 5893349A1    15531    250000     CAL  DEFINED    01         250000        0        0
CALL MERCK & CO   JAN 085 CBOE   OPTLEQTY 5893359A8      776     12500     CAL  DEFINED    01          12500        0        0
MERCURY GENERAL CORP NEW         COMMON   589400100     1684     57100 SH       DEFINED    01          57100        0        0
MERET INC                        COMMON   589493105        0     56744 SH       DEFINED    01          56744        0        0
MERIDIAN MICH EDC LTD OBLIG      MUNIFLT  589664AB7       15     15000 SH       DEFINED    01          15000        0        0
***MERISTAR HOSPITALITY CORP     CBOND    58984YAB9      223    250000 SH       DEFINED    01         250000        0        0
PUT  MERRILL LYNC JAN 060 AMEX   OPTLEQTY 59018X9M7    12600    120000     PUT  DEFINED    01         120000        0        0
PUT  MERRILL LYNC JAN 070 AMEX   OPTLEQTY 59018X9M7     3150     30000     PUT  DEFINED    01          30000        0        0
PUT  MERRILL LYNC JAN 075 ****   OPTLEQTY 59018X9M7    10500    100000     PUT  DEFINED    01         100000        0        0
PUT  MERRILL LYNC JAN 080 ****   OPTLEQTY 59018X9M7     2362     22500     PUT  DEFINED    01          22500        0        0
MERRILL LYNCH & CO INC           COMMON   590188108     3068     29228 SH       DEFINED    01          29228        0        0
MERRILL LYNCH & CO INC           CBOND    590188JM1        9     10000 SH       DEFINED    01          10000        0        0
MERRILL LYNCH & CO INC           CBOND    590188JN9      878    980000 SH       DEFINED    01         980000        0        0
MERRILL LYNCH & CO INC-DEP SHS   PREFERED 590188819    84553   2960313 SH       DEFINED    01        2960313        0        0
CALL MERRIL LYNCH APR 075 ****   OPTLEQTY 5901889D2     3150     30000     CAL  DEFINED    01          30000        0        0
CALL MERRIL LYNCH APR 080 ****   OPTLEQTY 5901889D2     5250     50000     CAL  DEFINED    01          50000        0        0
CALL MERRIL LYNCH APR 085 ****   OPTLEQTY 5901889D2     1050     10000     CAL  DEFINED    01          10000        0        0
CALL MERRIL LYNCH APR 100 ****   OPTLEQTY 5901889D2     2625     25000     CAL  DEFINED    01          25000        0        0
CALL MERRIL LYNCH JUL 065 ****   OPTLEQTY 5901889G5      577      5500     CAL  DEFINED    01           5500        0        0
PUT  MERRIL LYNCH APR 110 ****   OPTLEQTY 5901889P5     5250     50000     PUT  DEFINED    01          50000        0        0
PUT  MERRIL LYNCH APR 065 ****   OPTLEQTY 5901889P5     1575     15000     PUT  DEFINED    01          15000        0        0
PUT  MERRIL LYNCH APR 080 ****   OPTLEQTY 5901889P5     5250     50000     PUT  DEFINED    01          50000        0        0
PUT  MERRIL LYNCH JUL 070 ****   OPTLEQTY 5901889S9     4200     40000     PUT  DEFINED    01          40000        0        0
PUT  MERRIL LYNCH JUL 075 ****   OPTLEQTY 5901889S9     6825     65000     PUT  DEFINED    01          65000        0        0
PUT  MERRIL LYNCH JUL 080 ****   OPTLEQTY 5901889S9     5775     55000     PUT  DEFINED    01          55000        0        0
PUT  MERRIL LYNCH JUL 085 ****   OPTLEQTY 5901889S9    12600    120000     PUT  DEFINED    01         120000        0        0
PUT  MERRIL LYNCH OCT 095 ****   OPTLEQTY 5901889V2     6300     60000     PUT  DEFINED    01          60000        0        0
MERRIMACK BANCORP INC-MASS       COMMON   590270104        0     89910 SH       DEFINED    01          89910        0        0
MERRY-GO-ROUND ENTERPRISES INC   COMMON   590436101        0     62880 SH       DEFINED    01          62880        0        0
MESA ARIZ INDL DEV AUTH REV      MUNICIPL 590515AN2       98    100000 SH       DEFINED    01              0        0   100000
***METRICOM INC / METRICOM FIN   CBOND    59159PAA7    45403  58210000 SH       DEFINED    01       58210000        0        0
METROCALL INC NOTES              CBOND    591647AF9     3300   4000000 SH       DEFINED    01        4000000        0        0
METROMEDIA FIBER NETWORK INC     COMMON   591689104     3257     33672 SH       DEFINED    01          33672        0        0
METROMEDIA FIBER NETWORK INC     CBOND    591689AE4      433    455000 SH       DEFINED    01         455000        0        0
METROPOLITAN FEDERAL BANK FSB    COMMON   591911102        0     26800 SH       DEFINED    01          26800        0        0
METROPOLITAN LIFE INS CO         CBOND    592173AA6      955   1000000 SH       DEFINED    01        1000000        0        0
METROPOLITAN PIER & EXPO AU IL   MUNICIPL 592247KW9     5335   5000000 SH       DEFINED    01        5000000        0        0
METROPOLITAN TRANSN AUTH N Y     MUNICIPL 592596JJ0       49     50000 SH       DEFINED    01              0        0    50000
METROPOLITAN TRANSN AUTH N Y     MUNIFLT  592596KV1      115    100000 SH       DEFINED    01         100000        0        0
METROPOLITAN WASH D C ARPTS AU   MUNIRIB  592650HS7      145    150000 SH       DEFINED    01         150000        0        0
METROPOLITAN WASH D C ARPTS      MUNIRIB  592650PH2      665     20000 SH       DEFINED    01          20000        0        0
METROPOLITAN WTR DIST SOUTHN     MUNICIPL 592659KH8       10     10000 SH       DEFINED    01              0        0    10000
METROPOLTIAN WTR DIST SOUTH      MUNIRIB  592663NR5     1569   1650000 SH       DEFINED    01        1650000        0        0
METROPOLITAN WTR DIST SOUTHN     MUNIFLT  592663XA1      106    100000 SH       DEFINED    01         100000        0        0
FRED MEYER INC                   CBOND    592907AA7     5095   5225000 SH       DEFINED    01        5225000        0        0
FRED MEYER INC                   CBOND    592907AC3     2444   2500000 SH       DEFINED    01        2500000        0        0
***MEXICAN STATES GLOBAL         EUROFX   593048BB6  1133600  10900000 SH       DEFINED    01       10900000        0        0
MIAMI-DADE CNTY FLA EDL FACS     MUNICIPL 59333AAZ4      961   1000000 SH       DEFINED    01        1000000        0        0
MIAMI-DADE CNTY FLA SPL OBLIG    MUNIFLT  59333NER0        0   2210000 SH       DEFINED    01        2210000        0        0
MICHIGAN ST BLDG AUTH REV RFDG   MUNICIPL 5946134D0     3899   3815000 SH       DEFINED    01        3815000        0        0
MICHIGAN ST BLDG AUTH REV FACS   MUNICIPL 594614GA1     1315   1325000 SH       DEFINED    01              0        0  1325000
MICHIGAN ST HOSP FIN AUTH        MUNIFLT  59465CZC4        0   1775000 SH       DEFINED    01        1775000        0        0
MICHIGAN ST STRATEGIC FD LTD     MUNIRIB  59469CB36     4061   2000000 SH       DEFINED    01        2000000        0        0
MICROSOFT CORP                   COMMON   594918104     4340     40850 SH       DEFINED    01              0        0    40850
MICROSOFT CORP                   COMMON   594918104    63820    600667 SH       DEFINED    01         600667        0        0
CALL MICROSOFT    JAN 100 PSE    OPTLEQTY 5949189A4     5312     50000     CAL  DEFINED    01          50000        0        0
CALL MICROSOFT CP APR 100 PSE    OPTLEQTY 5949189D8      605      5700     CAL  DEFINED    01           5700        0        0
PUT  MICROSOFT    JAN 060 PSE    OPTLEQTY 5949189M8     1593     15000     PUT  DEFINED    01          15000        0        0
PUT  MICROSOFT    JAN 080 PSE    OPTLEQTY 5949189M8     6640     62500     PUT  DEFINED    01          62500        0        0
CALL MICROSOFT    JAN 080 PSE    OPTLEQTY 5949369A6     2656     25000     CAL  DEFINED    01          25000        0        0
CALL MICROSOFT    JAN 090 PSE    OPTLEQTY 5949369A6     2656     25000     CAL  DEFINED    01          25000        0        0
PUT  MICROSOFT    JAN 105 PSE    OPTLEQTY 5949369M0     4250     40000     PUT  DEFINED    01          40000        0        0
PUT  MICROSOFT    JAN 050 PSE    OPTLEQTY 5949369M0    10625    100000     PUT  DEFINED    01         100000        0        0
PUT  MICROSOFT    JAN 070 PSE    OPTLEQTY 5949369M0     7968     75000     PUT  DEFINED    01          75000        0        0
PUT  MICROSOFT    JAN 075 PSE    OPTLEQTY 5949369M0    13812    130000     PUT  DEFINED    01         130000        0        0
MICROCHIP TECHNOLOGY INC         COMMON   595017104     1712     26051 SH       DEFINED    01          26051        0        0
***MICROFORUM INC                COMMON   59507N103       61     10000 SH       DEFINED    01          10000        0        0
MICRON TECHNOLOGY INC            COMMON   595112103     1877     14899 SH       DEFINED    01          14899        0        0
CALL MICRON TECH  APR 060 ****   OPTLEQTY 5951129D7     2520     20000     CAL  DEFINED    01          20000        0        0
MIDDLESEX CNTY N J G/O           MUNICIPL 596561Q37      509    515000 SH       DEFINED    01              0        0   515000
MIDDLESEX CNTY N J CTFS PARTN    MUNICIPL 596562EH7      328    350000 SH       DEFINED    01              0        0   350000
MIDDLESEX CNTY N J UTILS AUTH    MUNICIPL 596585CU1       17     20000 SH       DEFINED    01              0        0    20000
MILLENNIUM PHARMACEUTICALS INC   COMMON   599902103     3373     25977 SH       DEFINED    01          25977        0        0
MILLENNIUM PHARMACEUTICALS INC   CBONDCNV 599902AA1     5427   6030000 SH       DEFINED    01        6030000        0        0
PUT  NASDAQ 100   JUN 120 AMEX   OPTLEQTY 6F399W9R2    13155    120000     PUT  DEFINED    01         120000        0        0
HERMAN MILLER INC                COMMON   600544100      412     14740 SH       DEFINED    01          14740        0        0
MILWAUKEE WIS RI-TRS-            MUNIRIB  602364K91     2971    200000 SH       DEFINED    01         200000        0        0
MILWAUKEE WIS RESIDUAL           MUNIFLT  602364P39        0    250000 SH       DEFINED    01         250000        0        0
MINIMED INC                      COMMON   60365K108      294      2274 SH       DEFINED    01           2274        0        0
MINISCRIBE CORP                  COMMON   603669102        0     30700 SH       DEFINED    01          30700        0        0
MINNEAPOLIS MINN G/O RFDG        MUNICIPL 60374AKL2       99    100000 SH       DEFINED    01              0        0   100000
MINNEAPOLIS MINN MUN REDEV MTG   MUNICIPL 603784BJ7        3     20000 SH       DEFINED    01          20000        0        0
MINNEAPOLIS & ST PAUL MINN MET   MUNICIPL 603827AD8     2627   3000000 SH       DEFINED    01        3000000        0        0
MINNEAPOLIS & ST PAUL MN MET     MUNIRIB  603827BZ8       83    100000 SH       DEFINED    01         100000        0        0
MINNEAPOLIS & ST PAUL MINN MET   MUNIFLT  603827CF1      962   2200000 SH       DEFINED    01        2200000        0        0
MINNEAPOLIS & ST PAUL MINN MET   MUNIFLT  603827CJ3     1097   2040000 SH       DEFINED    01        2040000        0        0
MINNESOTA MINING & MFG CO        COMMON   604059105      965     10902 SH       DEFINED    01          10902        0        0
CALL MINN MNG&MFG OCT 090 CBOE   OPTLEQTY 6040599J6     3896     44000     CAL  DEFINED    01          44000        0        0
PUT  MINN MNG&MFG OCT 080 CBOE   OPTLEQTY 6040599V9     3896     44000     PUT  DEFINED    01          44000        0        0
MINNESOTA STATE REG RI-CRS       MUNIRIB  604128JX7      320    300000 SH       DEFINED    01         300000        0        0
MIRAGE RESORTS INC               COMMON   60462E104     3396    175294 SH       DEFINED    01         175294        0        0
MIRAGE RESORTS INC               CBOND    60462EAF1     2502   2785000 SH       DEFINED    01        2785000        0        0
MISSOURI ST HSG DEV COMMN MTG    MUNIFLT  60635NJQ0        0    300000 SH       DEFINED    01         300000        0        0
MIZLOU COMMUNICATIONS CO INC     COMMON   606910107        0     69900 SH       DEFINED    01          69900        0        0
MOBILEMEDIA CORP-CL A            COMMON   607415106        0     25729 SH       DEFINED    01          25729        0        0
MODIS PROFESSIONAL SVCS INC      COMMON   607830106      132     10671 SH       DEFINED    01          10671        0        0
MOFFAT CO COLO WKLY ADJ FIXED    MUNIFLT  607874BQ6       35     35000 SH       DEFINED    01          35000        0        0
MOHAVE CO AZ USD#1 LAKE HAVASU   MUNICIPL 608106CG3      144    140000 SH       DEFINED    01              0        0   140000
***MOHAVE GOLD INC               COMMON   60812R102        0     10000 SH       DEFINED    01          10000        0        0
MOLEX INC                        COMMON   608554101     1220     20782 SH       DEFINED    01          20782        0        0
MONARCH CAPITAL CORP             COMMON   609023106      404     16000 SH       DEFINED    01          16000        0        0
**MONEY MKT OBLIGS TR            MFOTLDEQ 60934N294       82     82850 SH       DEFINED    01              0        0    82850
**AUTOMATED CASH MGMT TRUST II   OFFSHORE 60934N831    10354  10354155 SH       DEFINED    01              0        0 10354155
**AUTOMATED CASH MGMT TRUST II   OFFSHORE 60934N831     5663   5663922 SH       DEFINED    01        5663922        0        0
MONITERM CORP                    COMMON   609395108        0     64434 SH       DEFINED    01          64434        0        0
MONMOUTH CNTY N J IMPT AUTH      MUNICIPL 609566EQ3      209    200000 SH       DEFINED    01              0        0   200000
MONMOUTH CNTY N J IMPT AUTH RV   MUNICIPL 609566HB3       10     10000 SH       DEFINED    01              0        0    10000
MONMOUTH CNTY N J G/O IMPT       MUNICIPL 609566PP3      813    810000 SH       DEFINED    01              0        0   810000
MONSANTO CO NOTES -REG-          CBOND    611662AJ6      163    150000 SH       DEFINED    01         150000        0        0
CALL MONSANTO CO  APR 040 CBOE   OPTLEQTY 6116629D1     2575     50000     CAL  DEFINED    01          50000        0        0
CALL MONSANTO CO  APR 045 CBOE   OPTLEQTY 6116629D1     2575     50000     CAL  DEFINED    01          50000        0        0
MONTANA POWER CO                 COMMON   612085100      446      6984 SH       DEFINED    01           6984        0        0
MONTANA POWER CO-$6.875 PFD      PREFERED 612085506     5350     50420 SH       DEFINED    01          50420        0        0
MONTEBELLO CALIF UNI SCH DIST    MUNICIPL 612292AJ1       50     50000 SH       DEFINED    01          50000        0        0
MONTGOMERY ALA MED CLINIC BRD    MUNICIPL 613058BJ4       51     50000 SH       DEFINED    01              0        0    50000
MONTGOMERY CNTY MD G/O RFDG      MUNICIPL 613340KB3      101    100000 SH       DEFINED    01              0        0   100000
MONTGOMERY CO MD HSG OPPTYS      MUNICIPL 613348GS4       15    185000 SH       DEFINED    01         185000        0        0
MORGAN J P & CO INC              MEDNOTE  61688AAX6      444    500000 SH       DEFINED    01         500000        0        0
J P MORGAN & CO INC              COMMON   616880100      383      2910 SH       DEFINED    01           2910        0        0
J P MORGAN & CO INC-DEP SHS      PREFERED 616880886    11998    240575 SH       DEFINED    01         240575        0        0
PUT  J P MORGAN   APR 110 ****   OPTLEQTY 6168809P7     3293     25000     PUT  DEFINED    01          25000        0        0
PUT  J P MORGAN   APR 100 ****   OPTLEQTY 6168809P7     2529     19200     PUT  DEFINED    01          19200        0        0
CALL M.S.D.W.&CO  JAN 035 ****   OPTLEQTY 6169329A9    19493    239000     CAL  DEFINED    01         239000        0        0
MORGAN STANLEY DEAN WITTER &     COMMON   617446448      334      4100 SH       DEFINED    01              0        0     4100
MORGAN STANLEY DEAN WITTER &     COMMON   617446448     2200     26985 SH       DEFINED    01          26985        0        0
MORGAN STANLEY DEAN WITTER &     PREFCUMU 617446521     6878    136300 SH       DEFINED    01         136300        0        0
MORGAN STANLEY DEAN WITTER &     PREFERED 617446562    41321    796550 SH       DEFINED    01         796550        0        0
CALL M.S.D.W.&CO  APR 67.5****   OPTLEQTY 6174469D3      815     10000     CAL  DEFINED    01          10000        0        0
PUT  M.S.D.W.&CO  APR 045 ****   OPTLEQTY 6174469P6     3262     40000     PUT  DEFINED    01          40000        0        0
PUT  M.S.D.W.&CO  APR 065 ****   OPTLEQTY 6174469P6     6525     80000     PUT  DEFINED    01          80000        0        0
PUT  M.S.D.W.&CO  JUL 57.5****   OPTLEQTY 6174469S0     8156    100000     PUT  DEFINED    01         100000        0        0
MORRIS MATERIALS HANDLING INC    CBOND    618121AC1      240   1500000 SH       DEFINED    01        1500000        0        0
MOTOROLA INC                     COMMON   620076109     6200     43548 SH       DEFINED    01              0        0    43548
MOTOROLA INC                     COMMON   620076109     4983     35004 SH       DEFINED    01          35004        0        0
CALL MOTOROLA CP  APR 115 AMEX   OPTLEQTY 6200769D3     2135     15000     CAL  DEFINED    01          15000        0        0
PUT  MOTOROLA CP  APR 100 AMEX   OPTLEQTY 6200769P6     2135     15000     PUT  DEFINED    01          15000        0        0
PUT  MOTOROLA INC JAN 120 AMEX   OPTLEQTY 6200799M7     4897     34400     PUT  DEFINED    01          34400        0        0
PUT  MOTOROLA INC JAN 070 AMEX   OPTLEQTY 6200799M7     4271     30000     PUT  DEFINED    01          30000        0        0
PUT  MOTOROLA CP  JAN 160 AMEX   OPTLEQTY 62008C9M9     3915     27500     PUT  DEFINED    01          27500        0        0
MOUNT OLIVE TWP N J G/O BRD ED   MUNICIPL 622214FB5      279    275000 SH       DEFINED    01              0        0   275000
MOVIE STAR INC-N.Y.              COMMON   624591103       54     50867 SH       DEFINED    01          50867        0        0
MP3.COM INC                      COMMON   62473M109      598     28500 SH       DEFINED    01          28500        0        0
MULTICARE COMPANIES INC          CBOND    62543VAF2       21    432000 SH       DEFINED    01         432000        0        0
MUNIYIELD NEW JERSEY INSURED     COMMON   625921101      247     20000 SH       DEFINED    01              0        0    20000
MUNICIPAL ELEC AUTH GA           MUNIFLT  626207HL1        0   1910000 SH       DEFINED    01        1910000        0        0
MURPHY OIL CORP                  COMMON   626717102      264      4597 SH       DEFINED    01           4597        0        0
MUSICLAND GROUP INC              CBOND    627578AC1      701    845000 SH       DEFINED    01         845000        0        0
***MUZAK LLC/ MUZAK FIN CORP     CBOND    62844KAC9     6902   7190000 SH       DEFINED    01        7190000        0        0
MUZAK HLDGS LLC/MUZAK HLDGS      CBOND    62844VAC5     8112  13750000 SH       DEFINED    01       13750000        0        0
MYLAN LABORATORIES INC           COMMON   628530107     1669     60720 SH       DEFINED    01          60720        0        0
MYRIAD GENETICS INC              COMMON   62855J104      304      5047 SH       DEFINED    01           5047        0        0
NCT GROUP INC                    COMMON   62888Q109     1867   1624062 SH       DEFINED    01        1624062        0        0
NDC AUTOMATION INC NEW           COMMON   628881203       64     57066 SH       DEFINED    01          57066        0        0
NESB CORP                        COMMON   628914103        0    122566 SH       DEFINED    01         122566        0        0
NATIONSBANK CAPITAL TRUST II     CBOND    628958AB6     6129   6545000 SH       DEFINED    01        6545000        0        0
NGC CORPORATION                  CBOND    629121AB0      236    250000 SH       DEFINED    01         250000        0        0
NGC CORP                         CBOND    629121AF1       70     77000 SH       DEFINED    01          77000        0        0
ENERGY SOUTH CENTRAL NRG         CBOND    62937MAA7     5500   5500000 SH       DEFINED    01        5500000        0        0
ENERGY SOUTH CENTRAL NRG         CBOND    62937MAD1     7579   7500000 SH       DEFINED    01        7500000        0        0
NTL INC                          COMMON   629407107     2317     24972 SH       DEFINED    01          24972        0        0
NWA TRUST                        CBOND    62945CAM3      279    250000 SH       DEFINED    01         250000        0        0
NABISCO HOLDINGS CORP-CL A       CLASS    629526104      289      9000 SH       DEFINED    01           9000        0        0
NABORS INDUSTRIES INC            COMMON   629568106      705     18187 SH       DEFINED    01          18187        0        0
NAHAMA & WEAGANT ENERGY CO NEW   COMMON   629775206        0     20000 SH       DEFINED    01          20000        0        0
NASDAQ 100 SHARES                COMMON   631100104      947      8640 SH       DEFINED    01              0        0     8640
NASDAQ 100 SHARES                COMMON   631100104    22670    206800 SH       DEFINED    01         206800        0        0
NASH-FINCH CO                    COMMON   631158102      210     25900 SH       DEFINED    01          25900        0        0
NASSAU CNTY FLA POLLUTN CTL RV   MUNICIPL 631582AE3      300    300000 SH       DEFINED    01              0        0   300000
NATIONAL CITY CORP               COMMON   635405103      435     21120 SH       DEFINED    01          21120        0        0
NATIONAL CITY CORP               CBOND    635405AM5     3565   4000000 SH       DEFINED    01        4000000        0        0
NATIONAL RURAL UTILS COOP FIN    MEDNOTE  63743HCE0    10914  12000000 SH       DEFINED    01       12000000        0        0
NATIONAL RURAL UTILITIES COOP    CBOND    637432CG8     5680   7100000 SH       DEFINED    01        7100000        0        0
NATIONAL RURAL UTILS COOP FIN    CBOND    637432CJ2     1600   2000000 SH       DEFINED    01        2000000        0        0
NATIONAL SEMICONDUCTOR           COMMON   637640103      406      6709 SH       DEFINED    01           6709        0        0
NATIONAL WESTMINSTER BK PLC      CEURO    638539AH9     7231   8700000 SH       DEFINED    01        8700000        0        0
***NATIONAL WESTMINSTER BANK     PREFERED 638539809     6801    307420 SH       DEFINED    01         307420        0        0
***NATIONAL WESTMINSTER BANK     ADR      638539700      381     17500 SH       DEFINED    01              0        0    17500
***NATIONAL WESTMINSTER BANK     ADR      638539882    13132    583660 SH       DEFINED    01         583660        0        0
NATIONSBANK CORP                 CBOND    638585BJ7     3795   4000000 SH       DEFINED    01        4000000        0        0
NATIONWIDE CREDIT INC            CBOND    638608AB5     5518   7560000 SH       DEFINED    01        7560000        0        0
NATIONWIDE LEGAL SERVICES INC    COMMON   638654103        0     12300 SH       DEFINED    01          12300        0        0
NAVIGATOR GAS TRANSPORT          CBOND    63935KAA1     8645  20105000 SH       DEFINED    01       20105000        0        0
NEBRASKA EDL FIN AUTH REV        MUNIFLT  63966PCN2      160    160000 SH       DEFINED    01         160000        0        0
NEBRASKA INVT FIN AUTH SER A-1   MUNICIPL 63967CBL5       10     10000 SH       DEFINED    01              0        0    10000
NEBRASKA INVT FIN AUTH SINGLE    MUNICIPL 63967CCW0       66     65000 SH       DEFINED    01          65000        0        0
NEBRASKA INVT FIN AUTH SGLFAM    MUNICIPL 63967CER9      150    150000 SH       DEFINED    01              0        0   150000
NEBRASKA INVT FIN AUTH SGLFAM    MUNICIPL 63967CES7      150    150000 SH       DEFINED    01              0        0   150000
NEBRASKA INVT FIN AUTH SFHR      MUNIFLT  63967CKV3      961    570000 SH       DEFINED    01         570000        0        0
NEBRASKA INVT FIN AUTH SFMR      MUNIRIB  639672XK5      849    900000 SH       DEFINED    01              0        0   900000
NEBRASKA INVT FIN SGLFAM LNKD    MUNIRIB  639672YE8       97    100000 SH       DEFINED    01              0        0   100000
NEBRASKA INVT FIN AUTH SINGLE    MUNIFLT  639672YM0      202     40000 SH       DEFINED    01          40000        0        0
NEBRASKA INVT FIN AUTH MFMR      MUNIFLT  639673DG4       10     10000 SH       DEFINED    01          10000        0        0
NEBRASKA PUB PWR DIST REV        MUNICIPL 639683T43      101    100000 SH       DEFINED    01              0        0   100000
***NELSON GOLD CORP LTD          COMMON   639911106       41    465580 SH       DEFINED    01         465580        0        0
THOMAS NELSON INC                COMMON   640376109      674     85000 SH       DEFINED    01          85000        0        0
NEOMAGIC CORP                    COMMON   640497103      192     38700 SH       DEFINED    01          38700        0        0
NETWORK ASSOCIATES INC           COMMON   640938106     4595    142503 SH       DEFINED    01         142503        0        0
NETRATINGS INC                   COMMON   64116M108     1603     64300 SH       DEFINED    01              0        0    64300
NETRATINGS INC                   COMMON   64116M108      438     17576 SH       DEFINED    01          17576        0        0
NETWORK APPLIANCE INC            COMMON   64120L104     3938     47598 SH       DEFINED    01          47598        0        0
NETWORK SOLUTIONS INC            COMMON   64121Q102     1848     12024 SH       DEFINED    01          12024        0        0
NEVADA HSG DIV S/FAM PROG-SR-    MUNICIPL 641270XT5      561    555000 SH       DEFINED    01              0        0   555000
NEVADA HSG DIV S/FAM PROG-SR-    MUNICIPL 641270XT5        0    110000 SH       DEFINED    01              0        0   110000
NEVADA HSG DIV S/FAM PG-SR B-1   MUNICIPL 6412704D2      108    110000 SH       DEFINED    01              0        0   110000
NEVADA HSG DIV SINGLE FAMILY     MUNICIPL 6412704D2        0     10000 SH       DEFINED    01              0        0    10000
NEVADA ST RI-TRS-SER 36-144A     MUNIFLT  641459B92       91    100000 SH       DEFINED    01         100000        0        0
NEW CANAAN CONN G/O              MUNICIPL 643136NM2      227    245000 SH       DEFINED    01              0        0   245000
NEW CASTLE CO DEL PCT JOHNSON    MUNIFLT  64328FAB3      355    355000 SH       DEFINED    01         355000        0        0
NEW ENGLAND TEL & TEL -REGD-     CBOND    644239AL9     5490   6000000 SH       DEFINED    01        6000000        0        0
NEW ENGLAND TEL & TEL DEBS       CBOND    644239AY1      230    230000 SH       DEFINED    01         230000        0        0
NEW HAMPSHIRE SAVINGS BANK       COMMON   644670101        4    117438 SH       DEFINED    01         117438        0        0
NEW HAMPSHIRE ST HSG FIN AUTH    MUNICIPL 64468TCH8       20     20000 SH       DEFINED    01          20000        0        0
NEW HAMPSHIRE ST HSG FIN AUTH    MUNIRIB  644686L39       97    100000 SH       DEFINED    01              0        0   100000
NEW HAMPSHIRE ST HSG FIN AUTH    MUNIRIB  644686L39       48     50000 SH       DEFINED    01          50000        0        0
NEW JERSEY ECONOMIC DEV AUTH     MUNICIPL 64577MW63     1492   1500000 SH       DEFINED    01        1500000        0        0
NEW JERSEY BLDG AUTH ST ST       MUNICIPL 645771HJ8      641    650000 SH       DEFINED    01              0        0   650000
NEW JERSEY ECONOMIC DEV AUTH     MUNICIPL 64578CAE1     1867   2000000 SH       DEFINED    01        2000000        0        0
NEW JERSEY ECONOMIC DEV AUTH     MUNICIPL 64578CAH4     9161  10000000 SH       DEFINED    01       10000000        0        0
NEW JERSEY ECONOMIC DEV AUTH     MUNIFLT  645780DR5       82    100000 SH       DEFINED    01         100000        0        0
NEW JERSEY HLTH CARE FACS FING   MUNICIPL 64579CPG9      100    100000 SH       DEFINED    01              0        0   100000
NEW JERSEY HLTH CARE FACS FING   MUNICIPL 64579CPH7      301    300000 SH       DEFINED    01              0        0   300000
NEW JERSEY HLTH CARE FACS FING   MUNICIPL 64579CPJ3      100    100000 SH       DEFINED    01              0        0   100000
NEW JERSEY HLTH CARE FACS FING   MUNICIPL 64579CVK3       24     25000 SH       DEFINED    01              0        0    25000
NEW JERSEY HLTH CARE FACS FING   MUNICIPL 64579CXQ8      300    300000 SH       DEFINED    01              0        0   300000
NEW JERSEY HLTH CARE FACS FING   MUNICIPL 64579C4E7      301    300000 SH       DEFINED    01              0        0   300000
NEW JERSEY HEALTH CARE FACS      MUNICIPL 64579ECP9      215    220000 SH       DEFINED    01              0        0   220000
NEW JERSEY HLTH CARE FACS FING   MUNICIPL 64579EMA1      167    175000 SH       DEFINED    01              0        0   175000
NEW JERSEY HEALTH CARE FACS      MUNICIPL 64579EQJ8       99    100000 SH       DEFINED    01              0        0   100000
NEW JERSEY HEALTH CARE FACS      MUNICIPL 64579ERA6      185    200000 SH       DEFINED    01              0        0   200000
NEW JERSEY HEALTH CARE FACS      MUNICIPL 64579ETG1      230    250000 SH       DEFINED    01              0        0   250000
NEW JERSEY ECONOMIC DEV AUTH     MUNICIPL 6459054U1      251    250000 SH       DEFINED    01              0        0   250000
NEW JERSEY ECONOMIC DEV AUTH     MUNICIPL 6459056A3      498    500000 SH       DEFINED    01              0        0   500000
NEW JERSEY ECONOMIC DEV AUTH     MUNICIPL 645910AD2      200    200000 SH       DEFINED    01              0        0   200000
NEW JERSEY ECONOMIC DEV AUTH     MUNICIPL 645913AA2    23971  24100000 SH       DEFINED    01       24100000        0        0
NEW JERSEY ECONOMIC DEV AUTH     MUNICIPL 645913AW4     2005   7275000 SH       DEFINED    01        7275000        0        0
NEW JERSEY ECONOMIC DEV AUTH     MUNICIPL 645913BD5        5     36000 SH       DEFINED    01          36000        0        0
NEW JERSEY ECON DEV AUTH REV     MUNICIPL 645916BP1      246    250000 SH       DEFINED    01              0        0   250000
NEW JERSEY ECON DEV AUTH REV     MUNICIPL 645916BR7      247    250000 SH       DEFINED    01              0        0   250000
NEW JERSEY STATE CALLABLE RTS    COMMON   64603H117     1952     12800 SH       DEFINED    01          12800        0        0
NEW JERSEY SPORTS & EXPOSITION   MUNIFLT  64603REX1       34     30000 SH       DEFINED    01          30000        0        0
NEW JERSEY SPORTS & EXPOSITION   MUNICIPL 646030GA8      399    400000 SH       DEFINED    01              0        0   400000
NEW JERSEY STATE G/O SER D       MUNICIPL 646038WD7      258    250000 SH       DEFINED    01              0        0   250000
NEW JERSEY ST CTFS PARTN         MUNICIPL 646046JW3      381    400000 SH       DEFINED    01              0        0   400000
NEW JERSEY STATE HSG FIN AGCY    MUNICIPL 646115BS3       10     10000 SH       DEFINED    01              0        0    10000
NEW JERSEY STATE HSG FIN AGY     MUNICIPL 646122FW6       13     15000 SH       DEFINED    01              0        0    15000
NEW JERSEY HSG& MTG FIN AGCY     MUNI     6461286B9    51654    450000 SH       DEFINED    01         450000        0        0
NEW JERSEY ST HSG & MTG FIN      MUNICIPL 646129BE5      200    200000 SH       DEFINED    01              0        0   200000
NEW JERSEY STATE TRANSN TR FD    MUNICIPL 646135EY5      202    200000 SH       DEFINED    01              0        0   200000
NEW JERSEY ST TRANSN TR FD AU    MUNICIPL 646135FS7      314    300000 SH       DEFINED    01         300000        0        0
NEW JERSEY ST TRANSN TR FD       MUNICIPL 646135NW9      199    200000 SH       DEFINED    01              0        0   200000
NEW JERSEY STATE TPK AUTH REV    MUNICIPL 646139JJ5      205    200000 SH       DEFINED    01              0        0   200000
NEW JERSEY TURNPIKE AUTH REV     MUNICIPL 646139KJ3      128    125000 SH       DEFINED    01              0        0   125000
NEW MEXICO STATE G/O CAP PROJS   MUNICIPL 647293FE4      100    100000 SH       DEFINED    01              0        0   100000
NEW PLAN EXCEL REALTY TRUST      REIT     648053106     2841    206650 SH       DEFINED    01         206650        0        0
NEW YORK INST TECHNOLOGY SER-A   MUNICIPL 64949TAB2     3300   3300000 SH       DEFINED    01        3300000        0        0
NEW YORK CITY N Y G/O SER C      MUNICIPL 649650D39      301    300000 SH       DEFINED    01              0        0   300000
NEW YORK CITY G/O-REG ACES       MUNI     649652RM8     2000     20000 SH       DEFINED    01          20000        0        0
NEW YORK CITY N Y G/O SER B      MUNICIPL 649652RT3      203    200000 SH       DEFINED    01              0        0   200000
NEW YORK CITY N Y G/O -F- CPN    MUNICIPL 649653JD5        7     10000 SH       DEFINED    01          10000        0        0
NEW YORK CITY N Y PRIN C-SAVER   MUNICIPL 649656FR1        5     10000 SH       DEFINED    01          10000        0        0
NEW YORK CITY SAVRS              MUNI     649657JU8        0     40000 SH       DEFINED    01          40000        0        0
NEW YORK CITY SUBSER A-10        MUNIFLT  649658HQ7      100    100000 SH       DEFINED    01         100000        0        0
NEW YORK CITY G/O-SUBSER A-9     MUNIFLT  649659GE3       35     35000 SH       DEFINED    01          35000        0        0
NEW YORK N Y G/O RANS RI TRS     MUNIRIB  64966ADL6     5250    750000 SH       DEFINED    01         750000        0        0
NEW YORK N Y G/O RANS RI-SER     MUNIRIB  64966ADP7     5250    750000 SH       DEFINED    01         750000        0        0
NEW YORK CITY G/O-SUBSER A-6     MUNIFLT  649660NX1       30     30000 SH       DEFINED    01          30000        0        0
NEW YORK CITY SER F-4 G/O VAR    MUNIFLT  649660SG3       20     20000 SH       DEFINED    01          20000        0        0
NEW YORK CITY G/O SER C          MUNICIPL 649665LZ7      100    100000 SH       DEFINED    01              0        0   100000
NEW YORK N Y G/O SER B           MUNICIPL 649666DE1      240    230000 SH       DEFINED    01              0        0   230000
NEW YORK N Y G/O RFDG SER J      MUNICIPL 649666QE7       10     10000 SH       DEFINED    01          10000        0        0
NEW YORK N Y G/O RFDG-SER B      MUNICIPL 649666WC4      116    115000 SH       DEFINED    01              0        0   115000
NEW YORK N Y G/O RFDG-SER B      MUNICIPL 649666WD2      390    385000 SH       DEFINED    01              0        0   385000
NEW YORK N Y CITY MUN WTR FIN    MUNIFLT  64970KDS3      100    100000 SH       DEFINED    01         100000        0        0
NEW YORK NY CITY MUN WTR FIN     MUNIFLT  64970KEU7       97    100000 SH       DEFINED    01         100000        0        0
NEW YORK N Y CITY HSG DEV CORP   MUNICIPL 649702FH5       38    200000 SH       DEFINED    01              0        0   200000
NEW YORK CITY MUN WTR FIN AUTH   MUNINOTY 649706SC3      276    200000 SH       DEFINED    01         200000        0        0
NEW YORK CITY N Y MUNI WTR FIN   MUNICIPL 649706XF0       60     60000 SH       DEFINED    01              0        0    60000
NEW YORK CITY MUN WTR FIN        MUNIFLT  6497065Z7       98    100000 SH       DEFINED    01         100000        0        0
NEW YORK N Y CITY G/O IDA SPL    MUNICIPL 64971SAY5      101    100000 SH       DEFINED    01         100000        0        0
NEW YORK N Y CITY TRANSITIONAL   MUNIFLT  649716GY7      405    405000 SH       DEFINED    01         405000        0        0
NEW YORK N Y CITY TRANSITIONAL   MUNIRIB  649716PE1     5145    500000 SH       DEFINED    01         500000        0        0
NEW YORK N Y CITY TRANSITIONAL   MUNIRIB  649716PN1     1646    160000 SH       DEFINED    01         160000        0        0
NEW YORK N Y CITY TRANSITIONAL   MUNIRIB  649716PR2     4733    460000 SH       DEFINED    01         460000        0        0
NEW YORK ST DORM AUTH LEASE      MUNICIPL 64982PPK2      100    100000 SH       DEFINED    01         100000        0        0
NEW YORK ST DORM AUTH REVS       MUNIFLT  64983WSL1        0   3500000 SH       DEFINED    01        3500000        0        0
NEW YORK ST DORM AUTH REVS       MUNIFLT  64983WXF8        0    500000 SH       DEFINED    01         500000        0        0
NEW YORK STATE DORM AUTH REVS    MUNICIPL 649831MH4       10     10000 SH       DEFINED    01          10000        0        0
NEW YORK ST DORM AUTH REVS SPL   MUNICIPL 649831V84      113    125000 SH       DEFINED    01         125000        0        0
NEW YORK STATE DORM AUTH REVS    MUNICIPL 649832LQ3     1718   1605000 SH       DEFINED    01        1605000        0        0
NEW YORK ST DORM AUTH REVS REG   MUNIRIB  649832TG7    15284  14500000 SH       DEFINED    01       14500000        0        0
NEW YORK ST DORM AUTH REVS       MUNI     649832TH5        0  14200000 SH       DEFINED    01       14200000        0        0
NEW YORK ST DORM AUTH REVS       MUNICIPL 649835K20       99    100000 SH       DEFINED    01              0        0   100000
NEW YORK ST DORM AU CITY UNIV    MUNICIPL 649835UV5      100    100000 SH       DEFINED    01              0        0   100000
NEW YORK ST DORM AUTH REVS       MUNICIPL 649836PB3    10008  10000000 SH       DEFINED    01       10000000        0        0
NEW YORK ST ENERGY RESH & DEV    MUNICIPL 64984EBN4      104    100000 SH       DEFINED    01         100000        0        0
NEW YORK ST ENERGY RESH & DEV    MUNIFLT  649842BR1       93    100000 SH       DEFINED    01         100000        0        0
NEW YORK ST ENERGY RESH&DEV AU   MUNIRIB  649845DQ4      174    150000 SH       DEFINED    01         150000        0        0
NEW YORK ENERGY RESH & DEV       MUNIFLT  649845DX9       55     55000 SH       DEFINED    01          55000        0        0
NEW YORK ST ENVIRONMENTAL FACS   MUNICIPL 649850H80      105    100000 SH       DEFINED    01         100000        0        0
NEW YORK ST ENVROMNTL FAC CORP   MUNICIPL 649850RD8      205    200000 SH       DEFINED    01              0        0   200000
NEW YORK ST HSG FIN AGY          MUNICIPL 649860XW8       20     20000 SH       DEFINED    01              0        0    20000
NEW YORK STATE LOCAL GOVT        MUNICIPL 649876AT6      104    100000 SH       DEFINED    01              0        0   100000
NEW YORK STATE LOC GOVT ASST     MUNICIPL 649876CW7      104    100000 SH       DEFINED    01              0        0   100000
NEW YORK STATE LOCAL GOVT        MUNICIPL 649876GT0      230    220000 SH       DEFINED    01              0        0   220000
NEW YORK ST LOC GOVT             MUNICIPL 649876MN6       38     38000 SH       DEFINED    01          38000        0        0
NEW YORK ST MTG AGY HOMEOWNER    MUNICIPL 649885K58     2264   2280000 SH       DEFINED    01              0        0  2280000
NEW YORK ST MTG AGY HOMEOWNER    MUNICIPL 649885K58        0    210000 SH       DEFINED    01              0        0   210000
NEW YORK STATE MTG AGY REV       MUNICIPL 649886DD7       75     75000 SH       DEFINED    01              0        0    75000
NEW YORK STATE MTG AGY REV       MUNICIPL 649886DJ4       50     50000 SH       DEFINED    01              0        0    50000
NEW YORK STATE MTG AGY REV       MUNICIPL 649886DL9      102    100000 SH       DEFINED    01              0        0   100000
NEW YORK ST PROJ FIN AGY HUD     MUNICIPL 649890FN5      199    200000 SH       DEFINED    01              0        0   200000
NEW YORK ST PROJ FIN AGY HUD     MUNICIPL 649890FQ8      198    200000 SH       DEFINED    01              0        0   200000
NEW YORK ST PWR AUTH REV & GEN   MUNICIPL 649892H41      509    500000 SH       DEFINED    01              0        0   500000
NEW YORK STATE PWR AUTH REV&     MUNICIPL 649892PR1      228    200000 SH       DEFINED    01              0        0   200000
NEW YORK ST PWR AUTH REV&GEN     MUNICIPL 649892P26      408    400000 SH       DEFINED    01              0        0   400000
NEW YORK ST PWR AUTH REV & GEN   MUNICIPL 649892VW3       25     25000 SH       DEFINED    01              0        0    25000
NEW YORK ST THRUWAY AUTH GEN     MUNICIPL 650009ER0       49     50000 SH       DEFINED    01              0        0    50000
NEW YORK ST TWY AUTH HWY &       MUNICIPL 650013PV1       45     45000 SH       DEFINED    01          45000        0        0
NEW YORK STATE URBAN DEV CORP    MUNICIPL 650033YP2      201    200000 SH       DEFINED    01              0        0   200000
NEWARK N J GEN IMPT              MUNICIPL 6503662N6      400    400000 SH       DEFINED    01              0        0   400000
NEWARK N J NHA                   MUNICIPL 650383HZ8      223    230000 SH       DEFINED    01         230000        0        0
*** NEWBRIDGE NETWORKS CORP      COMMON   650901101     8031    247600 SH       DEFINED    01         247600        0        0
NEWELL RUBBERMAID INC            COMMON   651229106      795     32077 SH       DEFINED    01          32077        0        0
***NEWS AMER HLDGS INC           CBOND    652478AR9      149    160000 SH       DEFINED    01         160000        0        0
PUT  INTEL CORP   JAN 080 AMEX   OPTLEQTY 65248L9M2     6596     50000     PUT  DEFINED    01          50000        0        0
NEWS AMERICA INC                 CBOND    652482AJ9     1091   1250000 SH       DEFINED    01        1250000        0        0
NEWS AMERICA INC                 CBOND    652482AR1     7396   8000000 SH       DEFINED    01        8000000        0        0
***NEWS CORP LTD-ADR NEW         ADR      652487703     5203     92500 SH       DEFINED    01          92500        0        0
NEXTEL COMMUNICATIONS INC-CL A   COMMON   65332V103    12498     84307 SH       DEFINED    01          84307        0        0
***NEXTEL COMMUNICATIONS INC     CBOND    65332VAH6      151    220000 SH       DEFINED    01         220000        0        0
NEXTEL COMMUNICATIONS INC        CBOND    65332VAJ2     4041   5555000 SH       DEFINED    01        5555000        0        0
NEXTEL COMMUNICATIONS INC        CBONDCNV 65332VAR4     8355   2600000 SH       DEFINED    01        2600000        0        0
NEXTEL STRYPES TR-STRUCTURED     PREFCONV 65332Y107     2125     17000 SH       DEFINED    01          17000        0        0
NEXTLINK COMMUNICATIONS INC      COMMON   65333H608    26045    510689 SH       DEFINED    01         510689        0        0
NEXTLINK COMMUNICATIONS INC      COMMON   65333H707     5721     46259 SH       DEFINED    01          46259        0        0
NIAGARA MOHAWK POWER CORP        CBOND    653522DJ8    11800  12000000 SH       DEFINED    01       12000000        0        0
NIAGARA MOHAWK POWER CORP        PREFERED 653522771    31668    627100 SH       DEFINED    01         627100        0        0
NIAGARA MOHAWK POWER CORP        PREFERED 653522847     4264    169714 SH       DEFINED    01         169714        0        0
PUT  NIKE INC     JUL 27.5PSE    OPTLEQTY 6541069S4     2971     75000     PUT  DEFINED    01          75000        0        0
NIKE INC-CL B                    CLASS    654106103      991     25027 SH       DEFINED    01          25027        0        0
CALL 99 CENT STOR APR 035 ****   OPTLEQTY 65440K9D0     3611     92000     CAL  DEFINED    01          92000        0        0
NIPSCO CAPITAL TRUST I PFD       PREFERED 654639202     4834    100000 SH       DEFINED    01         100000        0        0
NISOURCE INC-PREMIUM INCOME      COMMON   65473P402        0    100000 SH       DEFINED    01         100000        0        0
NISOURCE INC PREMIUM INCOME      PREFCONV 65473P303     3650    100000 SH       DEFINED    01         100000        0        0
***NOKIA CORP-SPONSORED ADR      ADR      654902204     1320      6078 SH       DEFINED    01           6078        0        0
NOBLE DRILLING CORP              COMMON   655042109      733     17697 SH       DEFINED    01          17697        0        0
NOMAS CORP NEV                   COMMON   65531N100        0     53525 SH       DEFINED    01          53525        0        0
NOMAS CORP NEV                   COMMON   65531N209        0     53525 SH       DEFINED    01          53525        0        0
***NORDBANKEN A B                CBOND    65555RAA0    21234  21000000 SH       DEFINED    01       21000000        0        0
NORDSTROM INC                    COMMON   655664100     5201    176310 SH       DEFINED    01         176310        0        0
NORFOLK SOUTHERN CORP            COMMON   655844108      203     14150 SH       DEFINED    01          14150        0        0
NORFOLK SOUTHERN CORP            CBOND    655844AH1    17398  17850000 SH       DEFINED    01       17850000        0        0
NORMAN OKLA REGL HOSP AUTH       MUNICIPL 656178AV2      299    300000 SH       DEFINED    01              0        0   300000
NORSK HYDRO A S DEB              CFGN     656531AB6      272    250000 SH       DEFINED    01         250000        0        0
NORSK HYDRO A S DEBS             CBOND    656531AC4     2924   3000000 SH       DEFINED    01        3000000        0        0
NORSK HYDRO A/S NTS              CBOND    656531AF7     1061   1200000 SH       DEFINED    01        1200000        0        0
***NORTEL NETWORKS CORP          COMMON   656569100      385      3056 SH       DEFINED    01           3056        0        0
NORTH AMERICAN RECYCLING         COMMON   657077103        0     88000 SH       DEFINED    01          88000        0        0
NORTH AMERICAN VACCINE INC       COMMON   657201109      437    162700 SH       DEFINED    01         162700        0        0
NORTH CAROLINA EDL F/F AGY REV   MUNIFLT  657903DK3      200    200000 SH       DEFINED    01         200000        0        0
RTS NORTH CAROLINA EASTN MUN     MUNICIPL 65819K141        0     43220 SH       DEFINED    01          43220        0        0
NORTH CAROLINA EASTN MUN PWR     MUNICIPL 658196GA2       42     50000 SH       DEFINED    01          50000        0        0
NORTH CAROLINA EASTN MUN PWR     MUNIRIB  658196RB8      314    300000 SH       DEFINED    01         300000        0        0
NORTH CAROLINA MED CARE COMMN    MUNICIPL 658202Y83      528    500000 SH       DEFINED    01              0        0   500000
NORTH CAROLINA MUN PWR AGY       MUNICIPL 658203XY5    10317  10135000 SH       DEFINED    01       10135000        0        0
NORTH DAKOTA ST HSG FIN AGY      MUNICIPL 65888MWK3       31     35000 SH       DEFINED    01          35000        0        0
NORTH FORK BANCORPORATION INC    COMMON   659424105      221     12405 SH       DEFINED    01          12405        0        0
NORTHERN CA PWR AGY MULTIPLE     MUNI     664842CD1        0   1200000 SH       DEFINED    01              0        0  1200000
NORTHERN CA PWR AGY MULTIPLE     MUNI     664842CD1        0     25000 SH       DEFINED    01          25000        0        0
NORTHERN CALIF TRANSMISSION      MUNIFLT  664850DM3       89    100000 SH       DEFINED    01         100000        0        0
NORTHERN STATES POWER COMPANY    CBOND    665772BQ1     1970   2270000 SH       DEFINED    01        2270000        0        0
NORTHLAND PINES SCH DIST WIS     MUNICIPL 666509BC7       55     55000 SH       DEFINED    01          55000        0        0
NORTHVALE N J G/O                MUNICIPL 667162DH1       46     50000 SH       DEFINED    01              0        0    50000
NORTHWEST AIRLINES CORP          CLASS    667280101      243     10748 SH       DEFINED    01          10748        0        0
NORTHWEST AIRLINES CORP NT       CBOND    667281AH2      364    400000 SH       DEFINED    01         400000        0        0
NOVA CORP-GA                     COMMON   669784100     2005     68872 SH       DEFINED    01          68872        0        0
PROVINCE OF NOVA SCOTIA NOTES    CBOND    669827DK0     1042   1000000 SH       DEFINED    01        1000000        0        0
NOVELL INC                       COMMON   670006105     2578     90079 SH       DEFINED    01          90079        0        0
NOVELLUS SYSTEMS INC             COMMON   670008101      434      7743 SH       DEFINED    01           7743        0        0
NUMERICA FINANCIAL CORP          COMMON   67053K100        0     84064 SH       DEFINED    01          84064        0        0
NUVEEN PREMIUM INCOME            COMMON   6706K4105      186     15708 SH       DEFINED    01              0        0    15708
OGE ENERGY CAPITAL TRUST I       PREFERED 67084C200     1955     80000 SH       DEFINED    01              0        0    80000
NUVEEN NEW JERSEY INVESTMENT     COMMON   670971100     2317    167008 SH       DEFINED    01              0        0   167008
NUVEEN NEW JERSEY PREMIUM        COMMON   67101N106      391     30000 SH       DEFINED    01              0        0    30000
O SULLIVAN INDS HLDGS INC        COMMON   67104Q205      708   1222050 SH       DEFINED    01        1222050        0        0
UTS O SULLIVAN INDS 144A         UNTCORPC 67104RAC8     1360     13775 SH       DEFINED    01          13775        0        0
OCEAN CNTY N J GEN IMPT          MUNICIPL 674735ND3      705    700000 SH       DEFINED    01              0        0   700000
OCEAN ENERGY INC TEX (NEW)       COMMON   67481E106      167     11657 SH       DEFINED    01          11657        0        0
OCWEN ASSET INVESTMENT CORP      CBOND    67574MAB2     1579   1880000 SH       DEFINED    01        1880000        0        0
***OCWEN FED BK FSB FT LEE NJ    CFGN     67574NBM5      526    560000 SH       DEFINED    01         560000        0        0
OCWEN FINL CORP                  CBOND    675746AA9      634    690000 SH       DEFINED    01         690000        0        0
OFFICE PRODUCTS OF AMERICA INC   CLASS    676221104        0     42500 SH       DEFINED    01          42500        0        0
OHIO HSG FIN AGY REV RESIDUAL    MUNIFLT  676901E72      100    100000 SH       DEFINED    01         100000        0        0
OHIO HSG FIN AGY MTG REV         MUNIFLT  676901L82       85    100000 SH       DEFINED    01         100000        0        0
OHIO HSG FIN AGY SINGLE FAMILY   MUNIFLT  677377M91      674    100000 SH       DEFINED    01         100000        0        0
OHIO HSG FIN AGY SINGLE FAMILY   MUNIRIB  677377N66       54     40000 SH       DEFINED    01          40000        0        0
OHIO HSG FIN AGY SFM REV S-E     MUNICIPL 677377UA9        2     15000 SH       DEFINED    01          15000        0        0
OHIO HSG FIN AGY SFMR REG RIBS   MUNIRIB  677377XS7       36     35000 SH       DEFINED    01          35000        0        0
OHIO POWER CO UNSECURED          MEDNOTE  67741PAB3    11659  12775000 SH       DEFINED    01       12775000        0        0
***OHIO POWER CO                 CBOND    677415BY6     2899   3000000 SH       DEFINED    01        3000000        0        0
OHIO ST RFDG-DEV ASSISTANCE      MUNICIPL 677518JQ6     3062   3060000 SH       DEFINED    01        3060000        0        0
OHIO ST ECON DEV REV COURT STR   MUNIFLT  677555UC6      100    100000 SH       DEFINED    01         100000        0        0
OHIO ST WTR DEV AUTH SOLID       MUNICIPL 67766NAG7    23629  25700000 SH       DEFINED    01       25700000        0        0
OKLAHOMA HSG FIN AGY SINGLE      MUNIFLT  678864K57       39     20000 SH       DEFINED    01          20000        0        0
OKLAHOMA HSG FIN AGY SINGLE      MUNIFLT  678864K81        0     10000 SH       DEFINED    01          10000        0        0
OKLAHOMA DEV FIN AUTH REV RFDG   MUNICIPL 678908QS6     4318   5320000 SH       DEFINED    01        5320000        0        0
OKLAHOMA DEV FIN AUTH REV PUB    MUNICIPL 678908QT4     4298   5575000 SH       DEFINED    01        5575000        0        0
OMAHA NEB COPS                   MUNICIPL 681728AC5       14     30000 SH       DEFINED    01          30000        0        0
OMNICARE INC                     COMMON   681904108     2635    218473 SH       DEFINED    01         218473        0        0
***OMNIPOINT CORP                CFGN     68212DAH5       15     15000 SH       DEFINED    01          15000        0        0
OMNIPOINT CORP                   COMMON   68212D102      633      5162 SH       DEFINED    01           5162        0        0
OMNIPOINT CORP                   CBOND    68212DAE2      390    370000 SH       DEFINED    01         370000        0        0
OMNIPOINT CORP                   CBOND    68212DAF9       21     20000 SH       DEFINED    01          20000        0        0
OMNITEC INC                      COMMON   682124102        1     15100 SH       DEFINED    01          15100        0        0
ON ASSIGNMENT INC                COMMON   682159108     2345     52122 SH       DEFINED    01              0        0    52122
ONE BANCORP                      COMMON   682316104        0    136516 SH       DEFINED    01         136516        0        0
***ONTARIO HYDRO                 CFGN     683078FY0      148    150000 SH       DEFINED    01         150000        0        0
***PROVINCE OF ONTARIO           CBOND    683234JM1     2178   2206000 SH       DEFINED    01        2206000        0        0
OPTEL INC                        CBOND    683817AH3     1660   2000000 SH       DEFINED    01        2000000        0        0
ORACLE CORP                      COMMON   68389X105      431      5530 SH       DEFINED    01              0        0     5530
ORACLE CORP                      COMMON   68389X105    20715    265377 SH       DEFINED    01         265377        0        0
OPTO MECHANIK INC                COMMON   683891105        0     22335 SH       DEFINED    01          22335        0        0
CALL ORACLE CORP  JAN 020 ****   OPTLEQTY 6839649A0    15612    200000     CAL  DEFINED    01         200000        0        0
ORANGE & ROCKLAND UTIL INC       CBOND    684065AP0     4946   5100000 SH       DEFINED    01        5100000        0        0
ORANGE CNTY FL HLTH FACS AUTH    MUNI     684503PV1        0    900000 SH       DEFINED    01              0        0   900000
ORANGE CNTY FLA SCH DIST         MUNIFLT  684519BE0     1131     90000 SH       DEFINED    01          90000        0        0
ORANGE PLC                       CBOND    685211AD6      122    120000 SH       DEFINED    01         120000        0        0
ORANGE PLC                       CBOND    685211AE4     6322   6260000 SH       DEFINED    01        6260000        0        0
ORBITRON CAPITAL CORP NEW        COMMON   685566309       11    184174 SH       DEFINED    01         184174        0        0
ORCKIT COMMUNICATIONS LTD        CBONDCNV 685725AA1      951   1000000 SH       DEFINED    01        1000000        0        0
ORGANOGENESIS INC                COMMON   685906109      956     79300 SH       DEFINED    01          79300        0        0
OREGON STATE ECO DEV PCR F/FXD   MUNIFLT  686076AB6      265    265000 SH       DEFINED    01         265000        0        0
ORION NETWORK SYSTEMS INC        CBOND    68628KAD6     2760   6000000 SH       DEFINED    01        6000000        0        0
ORTEL CORP                       COMMON   68749W102     1313      7000 SH       DEFINED    01           7000        0        0
ORYX ENERGY COMPANY              CBOND    68763FAL4      302    300000 SH       DEFINED    01         300000        0        0
OWENS-ILLINOIS INC               CBOND    690768BD7       44     50000 SH       DEFINED    01          50000        0        0
OXFORD HEALTH PLANS INC          COMMON   691471106      404     26550 SH       DEFINED    01          26550        0        0
***PC HLDGS S A                  ADR      693200107     1094     63902 SH       DEFINED    01          63902        0        0
PECO ENERGY CO                   COMMON   693304107      788     21386 SH       DEFINED    01          21386        0        0
PECO ENERGY CO-$7.48 PFD         PREFERED 693304800    11538    125250 SH       DEFINED    01         125250        0        0
CALL PECO ENERGY  JUL 045 PSE    OPTLEQTY 6933049G4      737     20000     CAL  DEFINED    01          20000        0        0
PUT  PECO ENERGY  JUL 040 PSE    OPTLEQTY 6933049S8      921     25000     PUT  DEFINED    01          25000        0        0
PG&E CORP                        COMMON   69331C108      225     10717 SH       DEFINED    01          10717        0        0
PE CORP                          COMMON   69332S102      561      5815 SH       DEFINED    01           5815        0        0
PE CORP                          COMMON   69332S201      504      5506 SH       DEFINED    01           5506        0        0
PIMCO ADVISORS HOLDINGS LP       COMMON   69338P102     1394     36400 SH       DEFINED    01          36400        0        0
PMC-SIERRA INC                   COMMON   69344F106     4528     22232 SH       DEFINED    01          22232        0        0
PNC FINANCIAL GROUP INC          COMMON   693475105      524     11642 SH       DEFINED    01          11642        0        0
PNC FINANCIAL SERVICES GP INC    PREFERED 693475709     9774    195000 SH       DEFINED    01         195000        0        0
PPG INDUSTRIES INC               COMMON   693506107      261      5000 SH       DEFINED    01              0        0     5000
PPG INDUSTRIES INC               COMMON   693506107      294      5635 SH       DEFINED    01           5635        0        0
PPL ELEC UTILS CORP              COMMON   69351U806     2534     25000 SH       DEFINED    01          25000        0        0
***PSEG ENERGY HOLDINGS INC      CBOND    69361LAA9     9003   8700000 SH       DEFINED    01        8700000        0        0
PSEG                             CBOND    69361LAB7     2987   3000000 SH       DEFINED    01        3000000        0        0
PSI ENERGY INC-6.875% CUM PFD    PREFERED 693627879    18652    176800 SH       DEFINED    01         176800        0        0
***P T INTI INDORAYON UTAMA      ADR      69364L207        7     46010 SH       DEFINED    01          46010        0        0
P & L COAL HLDGS CORP            CBOND    693682AB2     3540   3923000 SH       DEFINED    01        3923000        0        0
P & L COAL HLDGS CORP            CBOND    693682AD8    11042  12442000 SH       DEFINED    01       12442000        0        0
PACCAR INC -DEL-                 COMMON   693718108      741     14831 SH       DEFINED    01          14831        0        0
PACESETTER BUSINESS PROPERTIES   COMMON   69373E103        0     16046 SH       DEFINED    01          16046        0        0
PACESETTER HOMES INC             COMMON   69373G108        0     21000 SH       DEFINED    01          21000        0        0
PACIFIC AEROSPACE &              CBOND    693758AB0      660   1100000 SH       DEFINED    01        1100000        0        0
PACIFIC BELL DEBENTURES          CBOND    694032AT0    10688  11485000 SH       DEFINED    01       11485000        0        0
PACIFIC GAS & ELECTRIC CO        PREFERED 694308685     5165    199160 SH       DEFINED    01         199160        0        0
PACIFIC GAS & ELECTRIC CO        PREFERED 694308693     9685    373400 SH       DEFINED    01         373400        0        0
PACIFIC SOUTHWEST CORP           COMMON   694838103        0     66000 SH       DEFINED    01          66000        0        0
PACIFICA PAPERS INC              CBOND    694940AC1     5204   5365000 SH       DEFINED    01        5365000        0        0
PACIFICARE HEALTH SYSTEMS INC    CLASS    695112102      496      9950 SH       DEFINED    01           9950        0        0
PACIFICORP SECD                  MEDNOTE  69512EGJ8       14     15000 SH       DEFINED    01          15000        0        0
PACIFICORP SECD                  MEDNOTE  69512EGN9     3799   4000000 SH       DEFINED    01        4000000        0        0
PACKAGING CORP AMER              CBOND    695156AD1      985   1000000 SH       DEFINED    01        1000000        0        0
PAGING NETWORK INC               CBOND    695542AB6    23539  34115000 SH       DEFINED    01       34115000        0        0
PAGING NETWORK INC               CBOND    695542AC4     7631  11060000 SH       DEFINED    01       11060000        0        0
PAGING NETWORK INC               CBOND    695542AG5     3877   5620000 SH       DEFINED    01        5620000        0        0
PAIN SUPPRESSION LABS INC        COMMON   695624106        0     13500 SH       DEFINED    01          13500        0        0
PALM BEACH CNTY FLA ARPT SYS     MUNIRIB  696499BM3    35475   1040000 SH       DEFINED    01        1040000        0        0
PALM BEACH CNTY FLA SCH DIST     MUNIRIB  696552DM7     1321     90000 SH       DEFINED    01          90000        0        0
PAN AM CORP                      COMMON   697757102        0     11435 SH       DEFINED    01          11435        0        0
PANAMSAT CORP NEW                COMMON   697933109     2981     60769 SH       DEFINED    01          60769        0        0
PARADIGM ADVANCED TECHNOLOGIES   COMMON   699004107      296    100000 SH       DEFINED    01              0        0   100000
PARAMETRIC TECHNOLOGY CORP       COMMON   699173100     1396     66304 SH       DEFINED    01          66304        0        0
BANQUE PARIBAS NY BRH            CBOND    699490AA6     4972   5435000 SH       DEFINED    01        5435000        0        0
CALL RAMBUS INC   MAY 420 ****   OPTLEQTY 7C199W9E9     1914      6500     CAL  DEFINED    01           6500        0        0
PARKPLACE ENTERTAINMENT CORP     COMMON   700690100      263     22794 SH       DEFINED    01          22794        0        0
PASSAIC CNTY N J G/O             MUNICIPL 7027242K0      861    895000 SH       DEFINED    01              0        0   895000
PATHE COMMUNICATIONS CORP        COMMON   703193102        0     14300 SH       DEFINED    01          14300        0        0
PATHMARK STORES INC              CBOND    70321BAA8       34    114000 SH       DEFINED    01         114000        0        0
PATHMARK STORES INC              CBOND    70321BAB6      540    750000 SH       DEFINED    01         750000        0        0
PATHMARK STORES INC              CBOND    70321BAC4      534   6680000 SH       DEFINED    01        6680000        0        0
***PATHMARK STORES INC           CBOND    70321BAD2      750   2500000 SH       DEFINED    01        2500000        0        0
PATHOGENESIS CORP                COMMON   70321E104     4429    194700 SH       DEFINED    01         194700        0        0
PAYCHEX INC                      COMMON   704326107     2005     38295 SH       DEFINED    01          38295        0        0
PAYLESS SHOESOURCE INC           COMMON   704379106     1034     19926 SH       DEFINED    01          19926        0        0
PEARSON INC                      CBOND    704913AA0     4959   5000000 SH       DEFINED    01        5000000        0        0
PEGASUS SHIPPING HELLAS LTD      CBOND    70557CAC7    21391  54850000 SH       DEFINED    01       54850000        0        0
PENNEY JC INC                    MEDNOTE  70816FAB9     3973   4300000 SH       DEFINED    01        4300000        0        0
J C PENNEY CO INC                COMMON   708160106      442     29781 SH       DEFINED    01          29781        0        0
PENNEY J C INC                   CBOND    708160BE5     7393  10175000 SH       DEFINED    01       10175000        0        0
CALL JC PENNEY    AUG 020 AMEX   OPTLEQTY 7081609H1      632     42500     CAL  DEFINED    01          42500        0        0
PUT  JC PENNEY    AUG 020 AMEX   OPTLEQTY 7081609T5      632     42500     PUT  DEFINED    01          42500        0        0
PENNSYLVANIA EDA FING RES        MUNICIPL 708690AD4     2963   3000000 SH       DEFINED    01        3000000        0        0
PENNSYLVANIA ENGINEERING CORP    COMMON   708713102        0     11325 SH       DEFINED    01          11325        0        0
PENNSYLVANIA HSG FIN AGY-SFMR    MUNI     708791ZC5        0     50000 SH       DEFINED    01              0        0    50000
PENNSYLVANIA ST HGHR EDL FACS    MUNIFLT  70917NBK9       10     10000 SH       DEFINED    01          10000        0        0
PENNSYLVANIA ST HGHR EDL FACS    MUNIFLT  709172BN9      100    100000 SH       DEFINED    01         100000        0        0
PENNSYLVANIA ST HGHR EDL FACS    MUNIFLT  709174K88      100    100000 SH       DEFINED    01         100000        0        0
PENNSYLVANIA ST HIGHER EDL       MUNICIPL 709174RS7     1035   1000000 SH       DEFINED    01        1000000        0        0
PEOPLESOFT INC                   COMMON   712713106     1242     62143 SH       DEFINED    01          62143        0        0
PEPSI BOTTLING HOLDINGS INC      CBOND    713411AA4     3358   3605000 SH       DEFINED    01        3605000        0        0
PEPSI BOTTLING HOLDINGS INC      CBOND    713411AB2      528    600000 SH       DEFINED    01         600000        0        0
PEPSICO INC                      COMMON   713448108      224      6500 SH       DEFINED    01              0        0     6500
PEPSICO INC                      COMMON   713448108     1065     30834 SH       DEFINED    01          30834        0        0
PEROT SYSTEMS CORP               COMMON   714265105     4156    206550 SH       DEFINED    01         206550        0        0
PERPETUAL FINANCIAL CORP         COMMON   714275104        0    197543 SH       DEFINED    01         197543        0        0
PERSON CO N C INDL FACS &P/CTL   MUNIFLT  715333AC4      300    300000 SH       DEFINED    01         300000        0        0
PERSON CNTY N C INDL FAC&PLT     MUNIFLT  715333AD2       55     55000 SH       DEFINED    01          55000        0        0
***PETROLEOS MEXICANOS           CFGN     71654QAP7    21395  22000000 SH       DEFINED    01       22000000        0        0
***PETRO GEO SVCS                CBOND    716597AC3     5624   6500000 SH       DEFINED    01        6500000        0        0
PETROLIAM NASIONAL BERHD         CBOND    716708AF9       22     25000 SH       DEFINED    01          25000        0        0
PHARMACIA & UPJOHN INC           COMMON   716941109     1223     20654 SH       DEFINED    01          20654        0        0
PFIZER INC                       COMMON   717081103      536     14674 SH       DEFINED    01              0        0    14674
PFIZER INC                       COMMON   717081103     1915     52393 SH       DEFINED    01          52393        0        0
CALL PFIZER INC   JUN 030 AMEX   OPTLEQTY 7170819F2    11005    301000     CAL  DEFINED    01         301000        0        0
CALL PFIZER INC   JUN 27.5AMEX   OPTLEQTY 7170819F2     8775    240000     CAL  DEFINED    01         240000        0        0
PHARMACOPEIA INC                 COMMON   71713B104      608     12413 SH       DEFINED    01          12413        0        0
PHELPS DODGE CORP                COMMON   717265102      202      4269 SH       DEFINED    01           4269        0        0
PHILADELPHIA PA AUTH FOR INDL    MUNICIPL 71781LAM1    20548  23141000 SH       DEFINED    01       23141000        0        0
CALL PHIL MOR COS JAN 060 AMEX   OPTLEQTY 71815L9A9      350     16600     CAL  DEFINED    01          16600        0        0
PHILIP MORRIS COMPANIES INC      COMMON   718154107      503     23850 SH       DEFINED    01              0        0    23850
PHILIP MORRIS COMPANIES INC      COMMON   718154107    15943    754707 SH       DEFINED    01         754707        0        0
***PHILIPPINE LONG DIST TEL      MEDNOTE  71825PAB4      468    500000 SH       DEFINED    01         500000        0        0
***PHILIPPINE LONG DISTANCE      COMMON   718252109     1120     15600 SH       DEFINED    01          15600        0        0
***REPUBLIC OF PHILIPPINES       CFGN     718286AE7    15590  16900000 SH       DEFINED    01       16900000        0        0
***REPUBLIC OF PHILIPPINES       CFGN     718286AK3     1511   1675000 SH       DEFINED    01        1675000        0        0
***PHILIPPINES REP               CEURO    718286AP2    10400  10919000 SH       DEFINED    01       10919000        0        0
***PHILIPPINES REPUBLIC          CBOND    718286AL1     2291   2387000 SH       DEFINED    01        2387000        0        0
***PHILIPPINES REP               CBOND    718286AN7    10436  10857000 SH       DEFINED    01       10857000        0        0
PHILLIPS PETROLEUM CO            COMMON   718507106      309      6688 SH       DEFINED    01           6688        0        0
PHOENIX ARIZ CIVIC IMPT CORP     MUNICIPL 71883FCL1      142    145000 SH       DEFINED    01              0        0   145000
PHOENIX LASER SYSTEMS INC NEW    COMMON   719088502        3     88800 SH       DEFINED    01          88800        0        0
PHOENIX MEDICAL TECHNOLOGY INC   COMMON   719095101        6     19400 SH       DEFINED    01          19400        0        0
PHONE.COM INC                    COMMON   71920Q100    49361    302597 SH       DEFINED    01         302597        0        0
PHOTON DYNAMICS INC              COMMON   719364101     4864     70500 SH       DEFINED    01              0        0    70500
PHYCOR INC                       COMMON   71940F100      202    196640 SH       DEFINED    01         196640        0        0
PHYSICIAN COMPUTER NETWORK INC   COMMON   71940K109       22    400000 SH       DEFINED    01         400000        0        0
PICCADILLY CAFETERIAS INC        COMMON   719567109     1672    557400 SH       DEFINED    01         557400        0        0
PIEDMONT FEDERAL CORP            COMMON   720142108        0     20643 SH       DEFINED    01          20643        0        0
PIEDMONT MUN PWR AGY S C ELEC    MUNICIPL 720175ML9      107    105000 SH       DEFINED    01              0        0   105000
PIEDMONT MUN PWR AGY SC ELEC     MUNICIPL 720175RH3     3403   4150000 SH       DEFINED    01        4150000        0        0
PILLOWTEX CORP                   CBOND    721501AB0     2300   6480000 SH       DEFINED    01        6480000        0        0
PILLOWTEX CORP                   CBOND    721501AE4     1894   5155000 SH       DEFINED    01        5155000        0        0
PIMA CNTY ARIZ INDL DEV AUTH     MUNICIPL 721774DF1     4321   5000000 SH       DEFINED    01        5000000        0        0
PINNACLE WEST CAPITAL CORP       COMMON   723484101     1649     58526 SH       DEFINED    01          58526        0        0
PIONEER SAVINGS BANK FSB         COMMON   723876108        0     48127 SH       DEFINED    01          48127        0        0
PIONEER SYSTEMS INC              COMMON   723886107        0     16500 SH       DEFINED    01          16500        0        0
PITT CNTY N C HOSP REV PITT      MUNICIPL 724506BD1       15     15000 SH       DEFINED    01              0        0    15000
PLAINS RESOURCES INC NEW         COMMON   726540503      125     10000 SH       DEFINED    01          10000        0        0
PLANO TEX ISD SER B-SCH BLDG     MUNICIPL 727193P73      141    140000 SH       DEFINED    01              0        0   140000
PLYMOUTH FIVE CENTS SAVINGS      COMMON   729513101        0     53933 SH       DEFINED    01          53933        0        0
POHANG IRON & STEEL LTD          CEURO    730450AD5      279    300000 SH       DEFINED    01         300000        0        0
POLAROID CORP                    MEDNOTE  73109PAB7       53     65000 SH       DEFINED    01          65000        0        0
POLAROID CORP                    COMMON   731095105     4233    178250 SH       DEFINED    01         178250        0        0
***POLESTAR EXPLORATION INC      COMMON   73110E103        0     21000 SH       DEFINED    01          21000        0        0
POLIFLY FINANCIAL CORP           COMMON   731113106        3     15400 SH       DEFINED    01          15400        0        0
POLK CNTY FLA INDL DEV AUTH      MUNICIPL 731120MQ1     3985   4000000 SH       DEFINED    01        4000000        0        0
POLK CO IOWA VAR/RT MULTI MODE   MUNIFLT  731200AB7      350    350000 SH       DEFINED    01              0        0   350000
WTS PON HOLDING CORP             WARRANT  732290119        0   1200000 SH       DEFINED    01        1200000        0        0
POPE EVANS & ROBBINS INC         COMMON   732852108    14508    110450 SH       DEFINED    01         110450        0        0
PORT AUTH N Y & N J              MUNIMM   7335H7XL8     3000   3000000 SH       DEFINED    01        3000000        0        0
PORT AUTH N Y & N J SPL OBLIG    MUNIFLT  73358EBW3     8690   3445000 SH       DEFINED    01        3445000        0        0
PORT AUTH N Y & N J DELTA        MUNICIPL 733580WH3      262    250000 SH       DEFINED    01              0        0   250000
PORT AUTH N Y&N J G/O RI TRS-    MUNIFLT  733581JM5      345    335000 SH       DEFINED    01         335000        0        0
PORT OAKLAND CALIF PORT REV      MUNIFLT  734897TK7        0     25000 SH       DEFINED    01          25000        0        0
PORT OAKLAND CALIF PORT REV      MUNIRIB  734897TN1       50     30000 SH       DEFINED    01          30000        0        0
PORT SEATTLE WASH REV            MUNIMM   73538RGU6       99    100000 SH       DEFINED    01         100000        0        0
PORT SEATTLE WASH REV            MUNIMM   73538RJL3     1145   1145000 SH       DEFINED    01        1145000        0        0
PORT SEATTLE WASH REV            MUNIMM   73538TDV3     2595   2595000 SH       DEFINED    01        2595000        0        0
POTOMAC ELECTRIC POWER CO        COMMON   737679100      273     12095 SH       DEFINED    01          12095        0        0
POTOMAC ELECTRIC POWER CO        COMMON   737679811      256      5000 SH       DEFINED    01           5000        0        0
PRAXAIR INC-7.48% PFD SER B      PREFERED 74005P203    10050    100000 SH       DEFINED    01         100000        0        0
PRAXAIR INC-6.75% PFD SER B      PREFERED 74005P302     2562     25000 SH       DEFINED    01          25000        0        0
PREFERRED HOMECARE OF AMERICA    COMMON   740374103        0     59400 SH       DEFINED    01          59400        0        0
***PREMIER GRAPHICS INC          CFGN     74050WAC7     8662  19250000 SH       DEFINED    01       19250000        0        0
PREMIER PARKS INC                CBOND    740540AC3     4108   4208000 SH       DEFINED    01        4208000        0        0
PREMIER PARKS INC                CBOND    740540AD1     2465   2665000 SH       DEFINED    01        2665000        0        0
PREMIER PARKS INC                CBOND    740540AE9     1117   1763000 SH       DEFINED    01        1763000        0        0
PRICELINE.COM INC                COMMON   741503106     3980     49750 SH       DEFINED    01          49750        0        0
PRIME GROUP REALTY TRUST-SBI     REIT     74158J103      143     10000 SH       DEFINED    01              0        0    10000
PRIMUS TELECOMMUNICATIONS        COMMON   741929103      343      6650 SH       DEFINED    01              0        0     6650
PRIMUS TELECOMMUNICATIONS        CBOND    741929AA1    15845  16679000 SH       DEFINED    01       16679000        0        0
PRIMUS TELECOMMUNICATIONS        CBOND    741929AF0     2830   3077000 SH       DEFINED    01        3077000        0        0
PRIMUS TELECOMMUNICATIONS        CBONDCNV 741929AK9    31192  27036000 SH       DEFINED    01       27036000        0        0
WTS PRIMUS TELECOMMUNICATIONS    WARRANT  741929111      730     73010 SH       DEFINED    01          73010        0        0
PRIDE INTL INC                   CBONDCNV 741932AB3     3125   8226000 SH       DEFINED    01        8226000        0        0
PRINCIPAL PROTECTED S&P LINKED   CBOND    74251WAA8       29     30000 SH       DEFINED    01          30000        0        0
PRISON REALTY TR INC             CBOND    74264NAB1    22161  23115000 SH       DEFINED    01       23115000        0        0
PROCTER & GAMBLE CO              COMMON   742718109      340      6050 SH       DEFINED    01              0        0     6050
PROCTER & GAMBLE CO              COMMON   742718109     7050    125350 SH       DEFINED    01         125350        0        0
CALL PROCT&GAMBLE APR 090 AMEX   OPTLEQTY 7427189D3     5619     99900     CAL  DEFINED    01          99900        0        0
CALL PROCT&GAMBLE JUL 105 ****   OPTLEQTY 7427189G6     1406     25000     CAL  DEFINED    01          25000        0        0
CALL PROCT&GAMBLE JUL 095 ****   OPTLEQTY 7427189G6      281      5000     CAL  DEFINED    01           5000        0        0
PROFIT TECHNOLOGY INC            COMMON   743169104        0     62300 SH       DEFINED    01          62300        0        0
PROGENITOR INC                   COMMON   743188104       21     85856 SH       DEFINED    01          85856        0        0
WTS PROGENITOR INC               WARRANT  743188112        3     96820 SH       DEFINED    01          96820        0        0
PROGRAMMING & SYSTEMS INC        COMMON   743209108        0     66458 SH       DEFINED    01          66458        0        0
PROTEIN DESIGN LABS INC          COMMON   74369L103      675      8500 SH       DEFINED    01           8500        0        0
PROVIDENT CAPITAL TRUST II       PREFERED 74386E207     3451    167850 SH       DEFINED    01         167850        0        0
PRUDENTIAL INSURANCE CO AMER     CBOND    743917AN6     5219   5585000 SH       DEFINED    01        5585000        0        0
PROVIDIAN FINANCIAL CORP         COMMON   74406A102      239      2767 SH       DEFINED    01           2767        0        0
CALL PROVIDIAN FI APR 075 CBOE   OPTLEQTY 74406A9D6      606      7000     CAL  DEFINED    01           7000        0        0
PROJECTOS DE ENERGIA S A DE CV   CBOND    744291AA3     4700   5000000 SH       DEFINED    01        5000000        0        0
PSINET INC                       CBOND    74437CAD3      100    100000 SH       DEFINED    01         100000        0        0
***PUBLIC SERVICE CO COLORADO    CFGN     744448BL4    23666  25000000 SH       DEFINED    01       25000000        0        0
PUBLIC SERVICE ELEC & GAS CO     PREFERED 744567710     1282     11700 SH       DEFINED    01          11700        0        0
PUERTO RICO COMWLTH YCNS         MUNICIPL 745144GH2      790    750000 SH       DEFINED    01              0        0   750000
PUERTO RICO G/O COMWLTH RFDG     MUNICIPL 7451442H7      101    100000 SH       DEFINED    01              0        0   100000
PUERTO RICO COMWLTH RESIDUAL     MUNIFLT  7451447S8        0    250000 SH       DEFINED    01         250000        0        0
PUERTO RICO COMWLTH G/O          MUNIFLT  745145ML3        0    600000 SH       DEFINED    01         600000        0        0
PUERTO RICO COMWLTH AQUEDUCT&    MUNICIPL 745160GP0      795    765000 SH       DEFINED    01              0        0   765000
PUERTO RICO COMWLTH AQUEDUCT&    MUNICIPL 745160JJ1       11     10000 SH       DEFINED    01              0        0    10000
PUERTO RICO COMWLTH AQUEDUCT &   MUNIGAIN 745160LG4       10     10000 SH       DEFINED    01          10000        0        0
PUERTO RICO COMWLTH HWY&TRANSN   MUNICIPL 745181BM8      500    500000 SH       DEFINED    01              0        0   500000
PUERTO RICO PUB BLDGS AUTH GTD   MUNICIPL 745232KM9      300    300000 SH       DEFINED    01              0        0   300000
PUERTO RICO ELEC PWR AUTH PWR    MUNICIPL 745268L42     6155   6000000 SH       DEFINED    01        6000000        0        0
PUERTO RICO ELEC PWR AUTH PWR    MUNICIPL 745268SW3      208    200000 SH       DEFINED    01              0        0   200000
PUERTO RICO INDL MED & ENVIRML   MUNICIPL 745271CY0       14     15000 SH       DEFINED    01          15000        0        0
PUERTO RICO NEW PUB HSG AUTH     MUNICIPL 745281X34       15     15000 SH       DEFINED    01              0        0    15000
PUERTO RICO TEL AUTH REV RI-     MUNINOTY 745297FY2      322    300000 SH       DEFINED    01         300000        0        0
PUERTO RICO TEL AUTH REV REG     MUNIRIB  745297JT9       42     40000 SH       DEFINED    01          40000        0        0
PUERTO RICO TEL AU REV REG       MUNI     745297KA8        0   2000000 SH       DEFINED    01              0        0  2000000
PUGET SOUND ENERGY INC-7.45%     PREFERED 745332775    19229    699237 SH       DEFINED    01         699237        0        0
QLOGIC CORP                      COMMON   747277101     2194     16197 SH       DEFINED    01          16197        0        0
QUADREX CORP                     COMMON   747309102        8    270770 SH       DEFINED    01         270770        0        0
QUALCOMM INC                     COMMON   747525103     4551     30485 SH       DEFINED    01              0        0    30485
QUALCOMM INC                     COMMON   747525103    22735    152269 SH       DEFINED    01         152269        0        0
QUALITY PRODUCTS INC NEW         COMMON   747578409       37     34870 SH       DEFINED    01          34870        0        0
QUANTUM HLTH RESOURCES INC       CBONDCSD 74763LAA3      922   1000000 SH       DEFINED    01        1000000        0        0
QUANTUM EFFECT DEVICES INC       COMMON   74764T107      407      5121 SH       DEFINED    01           5121        0        0
QUANTUM CORP DSSG COM            COMMON   747906204      142     11952 SH       DEFINED    01          11952        0        0
***QUEBEC PROVINCE CANADA        CFGN     748148QQ9      736    825000 SH       DEFINED    01         825000        0        0
***PROVINCE OF QUEBEC            CFGN     748148QR7     4953   5000000 SH       DEFINED    01        5000000        0        0
QUINTILES TRANSNATIONAL CORP     COMMON   748767100      438     25699 SH       DEFINED    01          25699        0        0
QUINTILES TRANSNATIONAL CORP     CBONDCNV 748767AC4     4012   4018000 SH       DEFINED    01        4018000        0        0
QWEST COMMUNICATIONS INTL INC    CBOND    749121AE9    21898  20000000 SH       DEFINED    01       20000000        0        0
QWEST COMMUNICATIONS INTL INC    CBOND    749121AP4     4790   5000000 SH       DEFINED    01        5000000        0        0
CALL QWEST COMMUN APR 065 ****   OPTLEQTY 7491219D3      970     20000     CAL  DEFINED    01          20000        0        0
CALL QWEST COMMUN APR 040 ****   OPTLEQTY 7491229D1    14065    290000     CAL  DEFINED    01         290000        0        0
CALL QWEST COMMUN APR 045 ****   OPTLEQTY 7491239D9     1455     30000     CAL  DEFINED    01          30000        0        0
CALL QWEST COMMUN JAN 045 ****   OPTLEQTY 74913B9A6      315      6500     CAL  DEFINED    01              0        0     6500
RCN CORP                         CBOND    749361AC5      134    150000 SH       DEFINED    01         150000        0        0
RLI INC                          COMMON   74961D103        0     50000 SH       DEFINED    01          50000        0        0
RPM INC-OHIO                     COMMON   749685103      624     56763 SH       DEFINED    01          56763        0        0
RSL COMMUNICATIONS PLC           CEURO    74972EAD0    10388  19600000 SH       DEFINED    01       19600000        0        0
RSL COMMUNICATION PLC            CBOND    74972EAC2     1000   1250000 SH       DEFINED    01        1250000        0        0
RSL COMMUNICATIONS PLC           CBOND    74972EAG3      173    205000 SH       DEFINED    01         205000        0        0
RSL COMMUNICATIONS LTD           PREFCONV 74972Q200     8171    138500 SH       DEFINED    01         138500        0        0
RF MICRO DEVICES INC             COMMON   749941100     1797     13380 SH       DEFINED    01          13380        0        0
CALL RADIAN GROUP APR 045 PBW    OPTLEQTY 7502369D5      476     10000     CAL  DEFINED    01          10000        0        0
RADNOR TWP PA SCH AUTH SCH REV   MUNICIPL 750582LC0       25     30000 SH       DEFINED    01          30000        0        0
RAILAMERICA INC                  COMMON   750753105      263     39000 SH       DEFINED    01          39000        0        0
RALSTON PURINA COMPANY           CBOND    751277AS3     1291   1435000 SH       DEFINED    01        1435000        0        0
RALSTON PURINA CO                CBOND    751277AU8     4655   4750000 SH       DEFINED    01        4750000        0        0
RANCHO VENTURES LTD              COMMON   752155101        0    100000 SH       DEFINED    01         100000        0        0
RATIONAL SOFTWARE CORP NEW       COMMON   75409P202      446      5833 SH       DEFINED    01           5833        0        0
RAYTHEON COMPANY                 CBOND    755111AL5     3407   3800000 SH       DEFINED    01        3800000        0        0
RAYTHEON CO                      CBOND    755111AX9     4983   5000000 SH       DEFINED    01        5000000        0        0
RAYTHEON CO                      CBOND    755111AY7     5060   5000000 SH       DEFINED    01        5000000        0        0
RAYTHEON CO-CL B                 CLASS    755111408     2283    128658 SH       DEFINED    01         128658        0        0
RAZORFISH INC                    COMMON   755236106     1048     38111 SH       DEFINED    01          38111        0        0
READERS DIGEST ASSOCIATION INC   CLASS    755267101      270      7658 SH       DEFINED    01           7658        0        0
REALNETWORKS INC                 COMMON   75605L104     2758     48446 SH       DEFINED    01          48446        0        0
RECKSON ASSOCS RLTY CORP         COMMON   75621K304      932     45467 SH       DEFINED    01          45467        0        0
***RED HAT INC                   COMMON   756577102     3513     82903 SH       DEFINED    01              0        0    82903
***RED HAT INC                   COMMON   756577102      618     14600 SH       DEFINED    01          14600        0        0
PUT  MICROSOFT CP JAN 42.5PSE    OPTLEQTY 75699W9M1     5312     50000     PUT  DEFINED    01          50000        0        0
REDBACK NETWORKS INC             COMMON   757209101     3465     11553 SH       DEFINED    01          11553        0        0
REDDING CALIF ELEC SYS REV COP   MUNI     75728MBQ6        0    100000 SH       DEFINED    01              0        0   100000
REGAL COMMUNICATIONS CORP NEW    COMMON   758756308        3    150706 SH       DEFINED    01         150706        0        0
CALL AMER ONLINE  JAN 075 ****   OPTLEQTY 75899W9A5     6388     95000     CAL  DEFINED    01          95000        0        0
REGIONS ASST MGT                 PREFERED 75913Y202     9405     10000 SH       DEFINED    01          10000        0        0
RELIASTAR FINANCIAL CORP         COMMON   75952U103      202      5966 SH       DEFINED    01           5966        0        0
RENAL TREATMENT CNTERS INC       CBONDCNV 759671AC4     3678   6030000 SH       DEFINED    01        6030000        0        0
REPUBLIC N Y CORP SUB NT         CBOND    760719AU8      250    250000 SH       DEFINED    01              0        0   250000
REPUBLIC NEW YORK CORP-SUB NTS   CBOND    760719AW4      118    120000 SH       DEFINED    01         120000        0        0
REPUBLIC NEW YORK CORP           CBOND    760719AX2       49     50000 SH       DEFINED    01          50000        0        0
REPUBLIC SERVICES INC            COMMON   760759100     1078     98650 SH       DEFINED    01          98650        0        0
CALL AUTONATION   JAN 020 ****   OPTLEQTY 7609719A1     1984    250000     CAL  DEFINED    01         250000        0        0
CALL AUTONATION   JAN 025 ****   OPTLEQTY 7609719A1      198     25000     CAL  DEFINED    01          25000        0        0
RESOLUTION FDG CORP FED          GOVAGNCY 76116EBW9        4     10000 SH       DEFINED    01          10000        0        0
RESTRUCTURED ASSET CTFS          CBOND    76126CDX7    42460  42460490 SH       DEFINED    01       42460490        0        0
RESTRUCTURED ASSET CTFS          CBOND    76126CDY5        0  83000000 SH       DEFINED    01       83000000        0        0
CALL REYNOLDS MTL APR 070 PSE    OPTLEQTY 7617639D5      468      7000     CAL  DEFINED    01           7000        0        0
REYNOLDS R J TOB HLDGS INC       CBOND    76182KAE5       35     50000 SH       DEFINED    01          50000        0        0
REXON INC                        COMMON   761901107       35    230239 SH       DEFINED    01         230239        0        0
RHODE ISLAND HSG & MTG FIN       MUNICIPL 762211XS4     1027   1000000 SH       DEFINED    01              0        0  1000000
RHODE ISLAND HSG & MTG FIN       MUNIFLT  7622115W6       99    100000 SH       DEFINED    01         100000        0        0
RIGGS CAPITAL TRUST II           PFDTRUST 76656RAB3      184    210000 SH       DEFINED    01         210000        0        0
RIGGS CAPITAL II                 CBOND    76656RAA5     2201   2500000 SH       DEFINED    01        2500000        0        0
RITE AID CORP                    COMMON   767754104     7085   1288221 SH       DEFINED    01        1288221        0        0
RITE AID CORP                    CBOND    767754AF1     2800   5000000 SH       DEFINED    01        5000000        0        0
RITE AID CORP                    CBOND    767754AJ3     2878   5700000 SH       DEFINED    01        5700000        0        0
RITE AID CORP                    CBONDCNV 767754AK0        9     25000 SH       DEFINED    01          25000        0        0
RITE AID CORP                    CBOND    767754AN4     4289   5999000 SH       DEFINED    01        5999000        0        0
RITE AID CORP                    CBOND    767754AP9     1665   3000000 SH       DEFINED    01        3000000        0        0
RITE AID CORP                    CBOND    767754AQ7     1474   2835000 SH       DEFINED    01        2835000        0        0
PUT  RITE AID CRP APR 07.5PBW    OPTLEQTY 7677549P1      550    100000     PUT  DEFINED    01         100000        0        0
PUT  RITE AID CRP JUL 005 PBW    OPTLEQTY 7677549S5      925    168300     PUT  DEFINED    01         168300        0        0
RITE AID LEASE MGMT COMPANY      PREFERED 767757206    19253    213000 SH       DEFINED    01         213000        0        0
ROBERT HALF INTERNATIONAL INC    COMMON   770323103      340      7188 SH       DEFINED    01           7188        0        0
***ROCHE HOLDING LTD             ADR      771195104      489      4510 SH       DEFINED    01           4510        0        0
ROCHE HLDGS INC                  CBONDCNV 771196AG7     6868   8250000 SH       DEFINED    01        8250000        0        0
ROHM & HAAS CO                   CBOND    775371AU1    15258  15000000 SH       DEFINED    01       15000000        0        0
ROSWELL GA HSG AUTH MFHR         MUNIFLT  778542AL4       20     20000 SH       DEFINED    01          20000        0        0
ROUSE CO                         COMMON   779273101      212     10050 SH       DEFINED    01          10050        0        0
ROWAN COMPANIES INC              COMMON   779382100     3267    111000 SH       DEFINED    01              0        0   111000
ROWAN COMPANIES INC              COMMON   779382100      274      9326 SH       DEFINED    01           9326        0        0
***ROYAL BK OF SCOTLND GRP PLC   COMMON   780097853     4016    170000 SH       DEFINED    01              0        0   170000
***ROYAL BK OF SCOTLND GRP PLC   COMMON   780097853     3049    129067 SH       DEFINED    01         129067        0        0
***ROYAL BK SCOTLAND GP PLC      COMMON   780097861     1029     46000 SH       DEFINED    01              0        0    46000
***ROYAL BK SCOTLAND GROUP PLC   CBOND    780097AE1     5146   5000000 SH       DEFINED    01        5000000        0        0
***ROYAL BK SCOTLAND GROUP PLC   CBOND    780097AF8     3058   3000000 SH       DEFINED    01        3000000        0        0
***ROYAL BANK SCOTLAND GRP       ADR      780097879     2018    100000 SH       DEFINED    01              0        0   100000
CALL ROYAL DUTCH  JUL 065 AMEX   OPTLEQTY 7802579G8     2878     50000     CAL  DEFINED    01          50000        0        0
***ROYAL DUTCH PETROLEUM CO      ADR      780257804      898     15617 SH       DEFINED    01          15617        0        0
ROYAL PALM SAVINGS BANK          COMMON   780907101        0     20000 SH       DEFINED    01          20000        0        0
RSL COMMUNICATIONS LTD           CBOND    781076AC8     2016   2027000 SH       DEFINED    01        2027000        0        0
RUBY TUESDAY INC                 COMMON   781182100      459     26272 SH       DEFINED    01          26272        0        0
PUT  SUN MICROSYS JAN 100 ****   OPTLEQTY 78199W9M0     5387     57500     PUT  DEFINED    01          57500        0        0
PUT  SUN MICROSYS JAN 090 ****   OPTLEQTY 78199W9M0     9370    100000     PUT  DEFINED    01         100000        0        0
PUT  SBC COMMUNIC JAN 060 PSE    OPTLEQTY 7838PD9M4    10500    250000     PUT  DEFINED    01         250000        0        0
SBC COMMUNICATIONS INC           COMMON   78387G103      383      9128 SH       DEFINED    01              0        0     9128
SBC COMMUNICATIONS INC           COMMON   78387G103    10342    246260 SH       DEFINED    01         246260        0        0
SBT CORP                         COMMON   783877103        0     16727 SH       DEFINED    01          16727        0        0
S C G HLDG CORP/SEMICONDUCTOR    CBOND    783885AC0     4280   4000000 SH       DEFINED    01        4000000        0        0
SCI SYSTEMS INC                  COMMON   783890106      486      9040 SH       DEFINED    01           9040        0        0
SDL INC                          COMMON   784076101     2223     10446 SH       DEFINED    01          10446        0        0
SFE TECHNOLOGIES                 COMMON   784125106        0    348935 SH       DEFINED    01         348935        0        0
SFX ENTERTAINMENT INC            CBOND    784178AC9     1820   1848000 SH       DEFINED    01        1848000        0        0
SFX ENTERTAINMENT INC            CBOND    784178AE5      285    290000 SH       DEFINED    01         290000        0        0
SFX ENTERTAINMENT INC-CL A       CLASS    784178105    11223    275000 SH       DEFINED    01         275000        0        0
SI FINANCING TRUST I-9.50% TR    PREFERED 784252207     1192     47000 SH       DEFINED    01              0        0    47000
SI FINANCING TRUST I-9.50% TR    PREFERED 784252207     8470    333800 SH       DEFINED    01         333800        0        0
SL GREEN REALTY CORP PFD         PREFCONV 78440X200     7030    275700 SH       DEFINED    01         275700        0        0
SLM HOLDING CORPORATION          PREFERED 78442A307     8585    170000 SH       DEFINED    01         170000        0        0
STANDARD & POORS DEPOSITORY      COMMON   78462F103    44053    292595 SH       DEFINED    01              0        0   292595
STANDARD & POORS DEPOSITORY      COMMON   78462F103    85067    565000 SH       DEFINED    01         565000        0        0
S1 CORP                          COMMON   78463B101      450      5255 SH       DEFINED    01           5255        0        0
SPX CORP                         COMMON   784635104      242      2128 SH       DEFINED    01           2128        0        0
SACRAMENTO CALIF MUN UTIL DIST   MUNICIPL 786005BD9       15     15000 SH       DEFINED    01              0        0    15000
SACRAMENTO CALIF MUN UTIL DIST   MUNICIPL 786005BL1       36     35000 SH       DEFINED    01              0        0    35000
SACRAMENTO CNTY CALIF RI TRS-    MUNIRIB  786106FX7    23375   4100000 SH       DEFINED    01        4100000        0        0
SAFECO CAPITAL TRUST I           CBOND    786427AC8     9173  10550000 SH       DEFINED    01       10550000        0        0
SAFEGUARD SCIENTIFICS INC        COMMON   786449108    12445    177000 SH       DEFINED    01              0        0   177000
SAFEGUARD SCIENTIFICS INC        COMMON   786449108      537      7650 SH       DEFINED    01           7650        0        0
SAFEWAY INC                      COMMON   786514208     4939    109160 SH       DEFINED    01              0        0   109160
SAFRA REPUBLIC HOLDINGS S A      CBOND    786581AA6   163413 166900000 SH       DEFINED    01       66900000        0        0
SAGA PETEROLEUM A S-NOTE         CBOND    786609AA5     3088   3000000 SH       DEFINED    01        3000000        0        0
ST FRANCIS HEALTHCARE FNDTN      MUNIFLT  789411AA3      160    160000 SH       DEFINED    01         160000        0        0
SAKS INC                         CBOND    79377WAA6      334    350000 SH       DEFINED    01         350000        0        0
SAKS INTL INC                    CBOND    79377WAB4     5006   5350000 SH       DEFINED    01        5350000        0        0
SAKS INC                         CBOND    79377WAC2     9582  10700000 SH       DEFINED    01       10700000        0        0
SALEM CNTY N J INDL PLTN CTL     MUNINOTY 794103BR1      329    300000 SH       DEFINED    01         300000        0        0
CALL NEXTEL COMMU AUG 160 ****   OPTLEQTY 79499W9H6      815      5500     CAL  DEFINED    01           5500        0        0
SALINE CO KANS SINGLE FAM MTG    MUNICIPL 795165BW8        4     25000 SH       DEFINED    01          25000        0        0
SALT LAKE CITY UTAH ARPT REV     MUNIRIB  795576EX1    27243    450000 SH       DEFINED    01         450000        0        0
SALTON INC                       CBOND    795757AB9      866    880000 SH       DEFINED    01         880000        0        0
SAN ANTONIO TEX WTR REV          MUNIFLT  796422D67        0   2000000 SH       DEFINED    01        2000000        0        0
SAN BERNARDINO CNTY CA HSG AU    MUNIFLT  79683FBZ6     2264   2264000 SH       DEFINED    01        2264000        0        0
SAN BERNARDINO CNTY CALIF INDL   MUNIFLT  796901AM8      220    220000 SH       DEFINED    01         220000        0        0
SAN BERNARDINO CNTY CA IDA REV   MUNIFLT  796901AP1      100    100000 SH       DEFINED    01         100000        0        0
SAN DIEGO CALIF INDL DEV REV     MUNIRIB  797284CR5     2182   1200000 SH       DEFINED    01        1200000        0        0
SAN DIEGO CNTY CALIF COPS-1996   MUNICIPL 797391LB3      101    100000 SH       DEFINED    01              0        0   100000
SAN DIMAS CA.REDV A/C/D RV-REG   MUNIFLT  797523AA5      390    390000 SH       DEFINED    01         390000        0        0
SAN FRANCISCO CALIF CITY&CNTY    MUNICIPL 79765AEZ5    10199  11245000 SH       DEFINED    01       11245000        0        0
SAN FRANCISCO CALIF CITY&CNTY    MUNICIPL 797652LW2      100    100000 SH       DEFINED    01              0        0   100000
SAN FRANCISCO CALIF CITY& CNTY   MUNICIPL 797652TF1      229    200000 SH       DEFINED    01         200000        0        0
SAN FRANCISCO CALIF BAY AREA     MUNICIPL 797669FN3       73     75000 SH       DEFINED    01              0        0    75000
SAN FRANCISCO CALIF CITY&CNTY    MUNIFLT  79771NAA8      300    300000 SH       DEFINED    01         300000        0        0
SAN JOSE CA FING AUTH REV VAR-   MUNIFLT  798154EL0      630    630000 SH       DEFINED    01         630000        0        0
SAN JUAN CALIF UNI SCH DIST      MUNIRIB  798306BR6     1285     70000 SH       DEFINED    01          70000        0        0
SANMINA CORP                     COMMON   800907107    16151    239062 SH       DEFINED    01         239062        0        0
CALL SANMINA CORP OCT 060 ****   OPTLEQTY 8009079J8     2702     40000     CAL  DEFINED    01          40000        0        0
SANTA CLARA CNTY CALIF RI-TRS    MUNIFLT  801546LR1    12273   2200000 SH       DEFINED    01        2200000        0        0
SANTA CRUZ CNTY ARIZ INDL DEV    MUNIPUT  801789AX6       95    100000 SH       DEFINED    01              0        0   100000
SANTA FE SNYDER CORP             COMMON   80218K105      110     11512 SH       DEFINED    01          11512        0        0
SANTA MONICA CALIF WASTEWTR      MUNICIPL 802470BA1      104    100000 SH       DEFINED    01              0        0   100000
CALL SARA LEE CRP APR 17.5AMEX   OPTLEQTY 8031119D7     3600    200000     CAL  DEFINED    01         200000        0        0
PUT  SARA LEE CRP APR 17.5AMEX   OPTLEQTY 8031119P0      450     25000     PUT  DEFINED    01          25000        0        0
***SAVIA S A DE C V              ADR      805175106      233     10169 SH       DEFINED    01          10169        0        0
SCANA CORPORATION NEW            COMMON   80589M102      244      9967 SH       DEFINED    01           9967        0        0
SCHERING PLOUGH CORP             COMMON   806605101     4562    124155 SH       DEFINED    01         124155        0        0
CALL SCHERNG PLGH MAY 035 PSE    OPTLEQTY 8066059E3     1837     50000     CAL  DEFINED    01          50000        0        0
CALL SCHERNG PLGH AUG 035 PSE    OPTLEQTY 8066059H6     7798    212200     CAL  DEFINED    01         212200        0        0
CALL SCHERNG PLGH JAN 050 PSE    OPTLEQTY 8066089A5      367     10000     CAL  DEFINED    01          10000        0        0
PUT  SCHERNG PLGH JAN 045 PSE    OPTLEQTY 8066089M9      367     10000     PUT  DEFINED    01          10000        0        0
SCHICK TECHNOLOGIES INC          COMMON   806683108      364    148000 SH       DEFINED    01         148000        0        0
SCHLUMBERGER LTD                 COMMON   806857108      306      4000 SH       DEFINED    01              0        0     4000
SCHLUMBERGER LTD                 COMMON   806857108     2649     34633 SH       DEFINED    01          34633        0        0
PUT  SCHLUMBERGER APR 070 CBOE   OPTLEQTY 8068579P5     1530     20000     PUT  DEFINED    01          20000        0        0
PUT  SCHLUMBERGER MAY 070 CBOE   OPTLEQTY 8068579Q3     2295     30000     PUT  DEFINED    01          30000        0        0
PUT  SCHLUMBERGER JAN 040 CBOE   OPTLEQTY 8069059M9     3825     50000     PUT  DEFINED    01          50000        0        0
PUT  SCHLUMBERGER JAN 040 ****   OPTLEQTY 8069059M9     3825     50000     PUT  DEFINED    01          50000        0        0
SCHOOL SPECIALTY INC             COMMON   807863105      361     16800 SH       DEFINED    01          16800        0        0
CHARLES SCHWAB CORP NEW          COMMON   808513105      681     12000 SH       DEFINED    01              0        0    12000
CHARLES SCHWAB CORP NEW          COMMON   808513105    14567    256418 SH       DEFINED    01         256418        0        0
CALL SCHWAB CORP  APR 055 CBOE   OPTLEQTY 8085139D9     2840     50000     CAL  DEFINED    01          50000        0        0
PUT  SCHWAB CORP  APR 050 CBOE   OPTLEQTY 8085139P2     1420     25000     PUT  DEFINED    01          25000        0        0
PUT  SCHWAB CORP  APR 47.5CBOE   OPTLEQTY 8085139P2     1846     32500     PUT  DEFINED    01          32500        0        0
PUT  SCHWAB CORP  JUN 040 CBOE   OPTLEQTY 8085139R8     5681    100000     PUT  DEFINED    01         100000        0        0
SCIENT CORP                      COMMON   80864H109     2667     29417 SH       DEFINED    01          29417        0        0
SEAGATE TECHNOLOGY INC           COMMON   811804103     1989     33015 SH       DEFINED    01          33015        0        0
JOSEPH E SEAGRAM & SONS INC      CBOND    811845AV8     5592   6000000 SH       DEFINED    01        6000000        0        0
SEAGULL ENERGY CORP SR NTS       CBOND    812007AC6      480    500000 SH       DEFINED    01         500000        0        0
SEARS ROEBUCK & CO               COMMON   812387108      967     31348 SH       DEFINED    01          31348        0        0
PUT  SEARS        APR 030 CBOE   OPTLEQTY 8123879P5     1543     50000     PUT  DEFINED    01          50000        0        0
SEARS ROEBUCK ACCEP CORP         MEDNOTE  81240QEF5       29     30000 SH       DEFINED    01          30000        0        0
SECOND NATIONAL BANCORPORATION   COMMON   813192101        0    151645 SH       DEFINED    01         151645        0        0
SEMINOLE CNTY FLA INDL DEV       MUNIFLT  816688AA3      400    400000 SH       DEFINED    01         400000        0        0
SEPRACOR INC                     COMMON   817315104     1037     14247 SH       DEFINED    01          14247        0        0
SEPRACOR INC                     CBONDCNV 817315AE4      186     60000 SH       DEFINED    01          60000        0        0
***SEPRACOR INC                  CBONDCNV 817315AF1      163    125000 SH       DEFINED    01         125000        0        0
***SEPRACOR INC                  CFGNCNV  817315AH7     3631   2775000 SH       DEFINED    01        2775000        0        0
SERVICE CORP INTERNATIONAL       COMMON   817565104      559    186601 SH       DEFINED    01         186601        0        0
SERVICE COMPANY INTL             CBOND    817565AG9     1220   2000000 SH       DEFINED    01        2000000        0        0
SERVICE CORP INTL NT             CBOND    817565AK0     1396   2850000 SH       DEFINED    01        2850000        0        0
SERVICE CORP INTL NOTE           CBOND    817565AM6     2082   4250000 SH       DEFINED    01        4250000        0        0
SERVICE CORP INTL NOTES          CBOND    817565AP9     2940   6000000 SH       DEFINED    01        6000000        0        0
SERVICE CORP INTL                CBOND    817565AS3       79    150000 SH       DEFINED    01         150000        0        0
SERVICE CORP INTL                CBOND    817565AT1     6337  12675000 SH       DEFINED    01       12675000        0        0
SHAWNEE CO KANS SINGLE FAM MTG   MUNICIPL 820624CB8        1     10000 SH       DEFINED    01              0        0    10000
SHOPKO STORES INC                COMMON   824911101      842     47452 SH       DEFINED    01          47452        0        0
SIEBEL SYSTEMS INC               COMMON   826170102     9010     75441 SH       DEFINED    01          75441        0        0
SIERRA PACIFIC POWER CO          PREFERED 826418709    10058    377800 SH       DEFINED    01         377800        0        0
SIGMA-ALDRICH CORP               COMMON   826552101      453     16858 SH       DEFINED    01          16858        0        0
SILICON LABORATORIES INC         COMMON   826919102     1704     19258 SH       DEFINED    01          19258        0        0
SIMI VY CALIF UNI SCH DIST       MUNICIPL 828645BK6        9     10000 SH       DEFINED    01          10000        0        0
SIMON PROPERTY GROUP INC         REIT     828806109     5030    209600 SH       DEFINED    01         209600        0        0
SIMPSON MANUFACTURING CO INC     COMMON   829073105      351      8900 SH       DEFINED    01           8900        0        0
SINGER CO N V NOTES              CBOND    82930FAA7       15    250000 SH       DEFINED    01         250000        0        0
SIRIUS SATELLITE RADIO INC       COMMON   82966U103     6284    110248 SH       DEFINED    01         110248        0        0
SIRIUS SATELLITE RADIO INC       COMMON   82966U202    20368     61864 SH       DEFINED    01          61864        0        0
PUT  SIRIUS SATE  SEP 055 AMEX   OPTLEQTY 82966U9U9     1710     30000     PUT  DEFINED    01          30000        0        0
SIPEX CORP                       COMMON   829909100      408     11567 SH       DEFINED    01          11567        0        0
SKOLNIKS INC NEW                 COMMON   830798401       27     32209 SH       DEFINED    01          32209        0        0
SMITH CORONA CORP                COMMON   831858105        1     12800 SH       DEFINED    01          12800        0        0
SMITH INTERNATIONAL INC          COMMON   832110100      954     12320 SH       DEFINED    01          12320        0        0
***SMITHKLINE BEECHAM PLC-ADR    ADR      832378301      261      3952 SH       DEFINED    01           3952        0        0
SMURFIT-STONE CONTAINER CORP     COMMON   832727101      516     30510 SH       DEFINED    01          30510        0        0
SOFTNET SYSTEMS INC              COMMON   833964109     1712     58548 SH       DEFINED    01              0        0    58548
CALL SOFTNET SYST MAY 045 ****   OPTLEQTY 8339649E1      263      9000     CAL  DEFINED    01              0        0     9000
SOLAR FINANCIAL SERVICES INC     COMMON   83414F201        0     47800 SH       DEFINED    01          47800        0        0
SOLECTRON CORP                   COMMON   834182107     2756     68812 SH       DEFINED    01          68812        0        0
PUT  SOLECTRON CP APR 42.5****   OPTLEQTY 8341829P4     1001     25000     PUT  DEFINED    01          25000        0        0
SOLO SERVE CORP NEW              COMMON   834263204        3     45590 SH       DEFINED    01          45590        0        0
SOMERA COMMUNICATIONS INC        COMMON   834458101      247     20400 SH       DEFINED    01              0        0    20400
SONIC AUTOMOTIVE INC-CL A        CLASS    83545G102      283     30000 SH       DEFINED    01          30000        0        0
***SONY CORP-ADR NEW             ADR      835699307      238       850 SH       DEFINED    01              0        0      850
SOUTH CAROLINA ELEC & GAS CO     CBOND    837004AX8     2427   2300000 SH       DEFINED    01        2300000        0        0
SOUTH CAROLINA ELEC & GAS CO     PREFERED 837004829     7593     75000 SH       DEFINED    01          75000        0        0
SOUTH CAROLINA ST PORTS AUTH     MUNIRIB  837123EY0       26     25000 SH       DEFINED    01          25000        0        0
SOUTH CAROLINA ST PUB SVC AUTH   MUNIRIB  837147JH1     2035   2000000 SH       DEFINED    01              0        0  2000000
SOUTH CAROLINA ST PUB SVC AUTH   MUNICIPL 837147PS0      257    350000 SH       DEFINED    01         350000        0        0
SOUTHERN CALIFORNID EDISON CO    PREFERED 842400798    16372    158000 SH       DEFINED    01         158000        0        0
SOUTHERN CALIF PUB PWR AUTH      MUNICIPL 842475XB6       15     15000 SH       DEFINED    01              0        0    15000
SOUTHERN CALIF PUB PWR AUTH      MUNICIPL 842475XG5       10     10000 SH       DEFINED    01              0        0    10000
SOUTHERN COMPANY CAPITAL TR I    PFDTRUST 84258PAC1    27845  29600000 SH       DEFINED    01       29600000        0        0
SOUTHERN CO CAP TRUST II         PFDTRUST 84258RAC7      660    700000 SH       DEFINED    01         700000        0        0
SOUTHLAND CORP 1ST PRIORITY SR   CBOND    844436AR6     1662   1900000 SH       DEFINED    01        1900000        0        0
SOUTHMARK CORP NEW               COMMON   844544809        1     40255 SH       DEFINED    01          40255        0        0
SOUTHWEST AIRLINES CO            CBOND    844741AM0      174    150000 SH       DEFINED    01         150000        0        0
CALL SOWEST AIRLS SEP 17.5CBOE   OPTLEQTY 8447419I1      884     42500     CAL  DEFINED    01          42500        0        0
SOVEREIGN BANCORP INC            COMMON   845905108     1425    188500 SH       DEFINED    01              0        0   188500
SOVEREIGN BANCORP INC            COMMON   845905108      109     14416 SH       DEFINED    01          14416        0        0
SOVEREIGN BANCORP                CBOND    845905AJ7     4882   5000000 SH       DEFINED    01        5000000        0        0
SOVEREIGN BANCORP INC            CBOND    845905AK4      990   1000000 SH       DEFINED    01        1000000        0        0
***SOVEREIGN BANCORP INC         CBOND    845905AL2     2052   2076000 SH       DEFINED    01        2076000        0        0
SOVEREIGN BANCORP INC            PREFCONV 845905306     9451    193887 SH       DEFINED    01         193887        0        0
SPANISH BROADCASTING SYSTEM      COMMON   846425882     2357    100500 SH       DEFINED    01              0        0   100500
SPANISH BROADCASTING SYSTEM      COMMON   846425882      277     11848 SH       DEFINED    01          11848        0        0
SPANISH BROADCASTING SYSTEM      CBOND    846425AH9      161    170000 SH       DEFINED    01         170000        0        0
SPECIALTY RETAILERS              CBOND    847514AN6      514   1700000 SH       DEFINED    01        1700000        0        0
SPECTRACITE HOLDINGS INC         CBOND    84760TAE0     2575   5000000 SH       DEFINED    01        5000000        0        0
SPENDTHRIFT FARM INC SR S/D      CBOND    848325AB2        0     10000 SH       DEFINED    01          10000        0        0
SPIEKER PROPERTIES INC           REIT     848497103     2225     50000 SH       DEFINED    01          50000        0        0
SPLITROCK SERVICES INC           COMMON   848636304      508     12400 SH       DEFINED    01          12400        0        0
SPORT OF KINGS INC               COMMON   848917100        4    136800 SH       DEFINED    01         136800        0        0
SPORTSTOWN INC                   COMMON   849198106       16    106705 SH       DEFINED    01         106705        0        0
CALL SPRINT CORP  JAN 050 PBW    OPTLEQTY 8519059A9     2205     35000     CAL  DEFINED    01          35000        0        0
***SPRINT CAPITAL CORP           CFGN     852060AB8      710    750000 SH       DEFINED    01         750000        0        0
SPRINT CAP CORP                  CEURO    852060AC6     9069  10000000 SH       DEFINED    01       10000000        0        0
SPRINT CAPITAL CORP              CBOND    852060AE2       56     60000 SH       DEFINED    01          60000        0        0
SPRINT CAPITAL CORP              CBOND    852060AG7    33355  36500000 SH       DEFINED    01       36500000        0        0
SPRINT CORP                      COMMON   852061100      226      3600 SH       DEFINED    01              0        0     3600
SPRINT CORP                      COMMON   852061100     5203     82595 SH       DEFINED    01          82595        0        0
SPRINT CORP PCS SER 1            COMMON   852061506      381      5838 SH       DEFINED    01           5838        0        0
PUT  SPRINT CORP  AUG 045 ****   OPTLEQTY 8520619T9     2939     45000     PUT  DEFINED    01          45000        0        0
SPRINT SPECTRUM LP / FIN CORP    CBOND    85207FAA6      107    100000 SH       DEFINED    01         100000        0        0
STANDARD PACIFIC CORP            CBOND    85375CAD3      129    150000 SH       DEFINED    01         150000        0        0
***STAR RESOURCES CORP           COMMON   854920105       13     20000 SH       DEFINED    01          20000        0        0
STAPLES INC                      COMMON   855030102      999     49988 SH       DEFINED    01          49988        0        0
STARBUCKS CORP                   COMMON   855244109      690     15400 SH       DEFINED    01              0        0    15400
STARBUCKS CORP                   COMMON   855244109     2257     50386 SH       DEFINED    01          50386        0        0
STARS TO GO INC                  COMMON   855682100       26    106087 SH       DEFINED    01         106087        0        0
STARTEC GLOBAL COMMUNICATIONS    CBOND    85569EAB9     2570   3135000 SH       DEFINED    01        3135000        0        0
WTS STARTEC GLOBAL COMMUNCORP    WARRANT  85569E111        3     13335 SH       DEFINED    01          13335        0        0
STARWOOD FINANCIAL INC           COMMON   85569R104     6448    365900 SH       DEFINED    01         365900        0        0
STATE PUB SCH BLDG AUTH PA       MUNICIPL 857321B77       60     60000 SH       DEFINED    01          60000        0        0
STATE PUB SCH BLDG AUTH PA       MUNICIPL 857321C50       55     55000 SH       DEFINED    01          55000        0        0
STATE PUB SCH BLDG AUTH PA SCH   MUNICIPL 857321C76       25     25000 SH       DEFINED    01          25000        0        0
STATE STREET CORP                COMMON   857477103      412      4259 SH       DEFINED    01           4259        0        0
STATEWIDE BANCORP-N.J.           COMMON   857658108        0    129772 SH       DEFINED    01         129772        0        0
STATORDYNE CORP                  COMMON   85771N107        5     21360 SH       DEFINED    01          21360        0        0
STEEL HEDDLE MANUFACTURER CO     CBOND    858127AB9      125    250000 SH       DEFINED    01         250000        0        0
STERLING COMMERCE INC            COMMON   859205106      208      4729 SH       DEFINED    01           4729        0        0
STERLING SOFTWARE INC            COMMON   859547101    61172   2005660 SH       DEFINED    01        2005660        0        0
***STMICROELECTRONICS N V        ADR      861012102      271      1450 SH       DEFINED    01              0        0     1450
STOP & SHOP COS INC SR SUB NT    CBOND    862099AA6     9084   8779000 SH       DEFINED    01        8779000        0        0
STOTLER GROUP INC                COMMON   862280104        0     39165 SH       DEFINED    01          39165        0        0
***STRESSGEN BIOTECHNOLOGIES     CLASS    86330P104       64     15000 SH       DEFINED    01          15000        0        0
STRIP RCPTS-ISRAEL ST            GOVAGNCY 86331TCH6      113    189000 SH       DEFINED    01         189000        0        0
STRYKER CORP                     COMMON   863667101      449      6445 SH       DEFINED    01           6445        0        0
SUFFOLK CNTY N Y G/O RI-TRS      MUNIRIB  864766QH6     1890    150000 SH       DEFINED    01         150000        0        0
SUFFLOK CNTY N Y INDL DEV AGY    MUNIFLT  864772CL0      100    100000 SH       DEFINED    01         100000        0        0
SUMTER CNTY S C INDL REV-        MUNIFLT  866568AL2     2400   2400000 SH       DEFINED    01        2400000        0        0
SUN MICROSYSTEMS INC             COMMON   866810104     4300     45900 SH       DEFINED    01              0        0    45900
SUN MICROSYSTEMS INC             COMMON   866810104    16545    176572 SH       DEFINED    01         176572        0        0
PUT  SUN MICRO    APR 040 PSE    OPTLEQTY 8668109P1    17803    190000     PUT  DEFINED    01         190000        0        0
CALL SUN MICROS   JAN 025 PSE    OPTLEQTY 8668129A0     2117     22600     CAL  DEFINED    01          22600        0        0
CALL SUN MICROS   JAN11.25PSE    OPTLEQTY 8668129A0     8433     90000     CAL  DEFINED    01          90000        0        0
CALL SUN MICROS   JAN 27.5PSE    OPTLEQTY 8668129A0     4591     49000     CAL  DEFINED    01          49000        0        0
SUN STATE SVGS & LN ASSN-ARIZ    COMMON   866876105        0    132218 SH       DEFINED    01         132218        0        0
SUN HEALTHCARE GROUP INC         CBONDCSD 866933AA2        0     25000 SH       DEFINED    01          25000        0        0
SUN HEALTHCARE GROUP INC         CBOND    866933AJ3       90   1500000 SH       DEFINED    01        1500000        0        0
***SUNCOR ENERGY INC             COMMON   867229106     1071     25200 SH       DEFINED    01          25200        0        0
SUNGARD DATA SYSTEMS INC         COMMON   867363103     1287     34116 SH       DEFINED    01          34116        0        0
SUNRISE SVGS & LOAN ASSN FLA     COMMON   867903106        2     11680 SH       DEFINED    01          11680        0        0
SUNTRUST BANKS INC               COMMON   867914103      595     10318 SH       DEFINED    01          10318        0        0
SUNTRUST BANK INC SR NT          CBOND    867914AE3      448    450000 SH       DEFINED    01              0        0   450000
SUPERCOMPUTING SOLUTIONS INC     COMMON   868047101        0     80290 SH       DEFINED    01          80290        0        0
SUPERIOR TELECOM INC             COMMON   868365107     9574    743639 SH       DEFINED    01         743639        0        0
SUPERMARKETS GENERAL HOLDINGS    CBOND    868446AE5       35     35000 SH       DEFINED    01          35000        0        0
SYCAMORE NETWORKS INC            COMMON   871206108      677      5250 SH       DEFINED    01              0        0     5250
SYMANTEC CORP                    COMMON   871503108      281      3747 SH       DEFINED    01           3747        0        0
SYMBION INC                      COMMON   871504106        0     13400 SH       DEFINED    01          13400        0        0
SYMBOL TECHNOLOGIES INC          COMMON   871508107      618      7513 SH       DEFINED    01           7513        0        0
SYNOPSYS INC                     COMMON   871607107      833     17106 SH       DEFINED    01          17106        0        0
SYQUEST TECHNOLOGY INC           COMMON   871660106        2    113400 SH       DEFINED    01         113400        0        0
SYSCO CORP                       COMMON   871829107      884     24790 SH       DEFINED    01          24790        0        0
SYSTEMS OF EXCELLENCE INC        COMMON   87203C105        4     50000 SH       DEFINED    01          50000        0        0
TBC CORP                         COMMON   872180104      506    100000 SH       DEFINED    01         100000        0        0
TCI COMMUNICATIONS FIN III       PFDTRUST 87228TAA7      175    155000 SH       DEFINED    01         155000        0        0
TCI COMMUNICATIONS FINANCING     PREFERED 87228U205     3142    121730 SH       DEFINED    01         121730        0        0
***TCI COMMUNICATION  FIN        PREFERED 872285200     1985     81228 SH       DEFINED    01          81228        0        0
TCI COMMUNICATIONS FINANCING     PREFERED 872286208     1122     44000 SH       DEFINED    01              0        0    44000
TCI COMMUNICATIONS FINANCING     PREFERED 872286208     5367    210500 SH       DEFINED    01         210500        0        0
***TCI COMMUNICATIONS INC        CFGN     872287AM9     6033   6200000 SH       DEFINED    01        6200000        0        0
TDX CORP                         COMMON   872363106        2     33000 SH       DEFINED    01          33000        0        0
TE PRODUCTS PIPELINE CO LTD      CBOND    87238KAA4     7118   7715000 SH       DEFINED    01        7715000        0        0
***TLC LASER EYE CTRS INC        COMMON   87255E108      116     11600 SH       DEFINED    01          11600        0        0
***TWR INC                       MEDNOTE  87265CBM1      963   1000000 SH       DEFINED    01        1000000        0        0
TSL HOLDINGS INC                 COMMON   872918107        8   1390194 SH       DEFINED    01        1390194        0        0
***TXU EASTERN FUNDING           CBOND    873169AF3     1315   1415000 SH       DEFINED    01        1415000        0        0
TXU EASTERN FUNDING CO           CBOND    873169AJ5     4199   4635000 SH       DEFINED    01        4635000        0        0
***TAIWAN SEMICONDUCTOR MFG CO   ADR      874039100     9211    161600 SH       DEFINED    01         161600        0        0
TALISMAN ENERGY INC 9% PFD       PREFERED 87425E400      933     43669 SH       DEFINED    01          43669        0        0
TALISMAN ENERGY INC              PREFERED 87425E509     1320     62900 SH       DEFINED    01          62900        0        0
TALK CITY INC                    COMMON   874263106     1353    223325 SH       DEFINED    01         223325        0        0
TANDY CORP                       COMMON   875382103      517     10200 SH       DEFINED    01              0        0    10200
TANDY CORP                       COMMON   875382103      775     15287 SH       DEFINED    01          15287        0        0
TARRANT CO TX HFC REV REF M/F    MUNIFLT  876394ME4      400    400000 SH       DEFINED    01         400000        0        0
TATHAM OFFSHORE INC NEW          COMMON   876628603      435   1395143 SH       DEFINED    01        1395143        0        0
TATHAM OFFSHORE INC-12% CONV     PREFCONV 876628207       79    232128 SH       DEFINED    01         232128        0        0
TATHAM OFFSHORE INC-8% CONV      PREFCONV 876628306        2     20000 SH       DEFINED    01          20000        0        0
TECNOMATIX TECHNOLOGIES LTD      CBONDCNV 878732AD8     2387   2115000 SH       DEFINED    01        2115000        0        0
***TEE-COMM ELECTRONICS INC      COMMON   87900H100        0     14200 SH       DEFINED    01          14200        0        0
TEKELEC INC                      COMMON   879101103     1250     33672 SH       DEFINED    01          33672        0        0
CALL TEKELEC INC  AUG 025 AMEX   OPTLEQTY 8791019H8     1299     35000     CAL  DEFINED    01          35000        0        0
TEKTRONIX INC                    COMMON   879131100     1370     24480 SH       DEFINED    01          24480        0        0
CALL TEKTRONIX    APR 055 ****   OPTLEQTY 8791319D4      392      7000     CAL  DEFINED    01           7000        0        0
***TELE CENTRO OESTE CELLULAR    ADR      87923P105      252     21678 SH       DEFINED    01          21678        0        0
***TELE CELLULAR SUL             ADR      879238103      205      4102 SH       DEFINED    01           4102        0        0
***TELE CENTRO SUL               ADR      879239101      389      4805 SH       DEFINED    01           4805        0        0
***TELE NORDESTE CELLULAR        ADR      87924W109     1273     17751 SH       DEFINED    01          17751        0        0
***TELE NORTE LESTE              ADR      879246106      517     19424 SH       DEFINED    01          19424        0        0
***TELESP SUDESTE CELLULAR       ADR      879252104     8050    161205 SH       DEFINED    01         161205        0        0
***TELECOM ITALIA SPA            ADR      87927W106      472      3107 SH       DEFINED    01           3107        0        0
CALL TELEBRAS HLD APR 135 ****   OPTLEQTY 8792879D4     6735     45000     CAL  DEFINED    01          45000        0        0
CALL TELEBRAS HLD JUL 120 ****   OPTLEQTY 8792879G7    14968    100000     CAL  DEFINED    01         100000        0        0
PUT  TELEBRAS HLD APR 150 ****   OPTLEQTY 8792879P7     2245     15000     PUT  DEFINED    01          15000        0        0
***TELECOMINICAOES BRASILEIRAS   ADR      879287308      419      2800 SH       DEFINED    01           2800        0        0
TELECOMUNICACOES DE SAO PAULO    ADR      87929A102    43600   1468649 SH       DEFINED    01        1468649        0        0
***TELEFONICA DE ARGENTINA SA    ADR      879378206     3925    100000 SH       DEFINED    01         100000        0        0
CALL TELEFONICA D JAN 035 ****   OPTLEQTY 8793819A1      392     10000     CAL  DEFINED    01          10000        0        0
***TELEFONICA SA                 ADR      879382208   356281   4774293 SH       DEFINED    01        4774293        0        0
***TELEFONICA DEL PERU SA        ADR      879384105     2826    166256 SH       DEFINED    01         166256        0        0
*** TELEFONOS DE MEXICO SADE     ADR      879403780     3385     50528 SH       DEFINED    01          50528        0        0
TELEGLOBE INC                    CBOND    87941TAD7     2887   3000000 SH       DEFINED    01        3000000        0        0
CALL TELFONOS MEX JAN 045 ****   OPTLEQTY 8794109A8      670     10000     CAL  DEFINED    01          10000        0        0
TELEPHONE & DATA SYSTEMS INC     COMMON   879433100      791      7127 SH       DEFINED    01           7127        0        0
***TELE1 EUROPE HLDG AB          ADR      87944T201     4968    259807 SH       DEFINED    01         259807        0        0
***TELESP CELLULAR               ADR      87952L108      448      7910 SH       DEFINED    01           7910        0        0
TELIGENT INC-CL A                COMMON   87959Y103      230      3445 SH       DEFINED    01           3445        0        0
TELLABS INC                      COMMON   879664100      845     13430 SH       DEFINED    01              0        0    13430
TELLABS INC                      COMMON   879664100     6494    103114 SH       DEFINED    01         103114        0        0
CALL TELLABS INC  APR 055 ****   OPTLEQTY 8796649D4     1058     16800     CAL  DEFINED    01          16800        0        0
PUT  TELLABS INC  APR 055 ****   OPTLEQTY 8796649P7      377      6000     PUT  DEFINED    01           6000        0        0
TELESPHERE COMMUNICATIONS INC    COMMON   879908101        0    329107 SH       DEFINED    01         329107        0        0
TENFOLD CORP                     COMMON   88033A103     1028     17000 SH       DEFINED    01              0        0    17000
TENET HEALTHCARE CORP            CBONDCNV 88033GAD2     1302   1589000 SH       DEFINED    01        1589000        0        0
TENET HEALTHCARE CORP            CBOND    88033GAF7     7799   8210000 SH       DEFINED    01        8210000        0        0
TENET HEALTHCARE CORP SR SUB     CBOND    88033GAM2     1600   2000000 SH       DEFINED    01        2000000        0        0
TENNECO PACKAGING INC            CBOND    880394AB7      234    250000 SH       DEFINED    01         250000        0        0
TENNECO PACKAGING INC            CBOND    880394AD3     2885   2980000 SH       DEFINED    01        2980000        0        0
TENNESSEE HSG DEV AGY            MUNICIPL 880459HF2    19517  20595000 SH       DEFINED    01       20595000        0        0
TENNESSEE VALLEY AUTH FED        GOVAGNCY 88059FAH4       48     50000 SH       DEFINED    01              0        0    50000
TENNIS LADY INC                  COMMON   880647102        0     18056 SH       DEFINED    01          18056        0        0
TERADYNE INC                     COMMON   880770102      510      6202 SH       DEFINED    01           6202        0        0
TERAYON COMMUNICATION SYSTEMS    COMMON   880775101      938      4576 SH       DEFINED    01           4576        0        0
***TEREX CORP NEW                CBOND    880779AH6      217    250000 SH       DEFINED    01         250000        0        0
CALL SUN MICROSYS APR 075 ****   OPTLEQTY 88099W9D0     5434     58000     CAL  DEFINED    01          58000        0        0
***TEVA PHARMACEUTICAL           ADR      881624209      373     10000 SH       DEFINED    01              0        0    10000
***TEVA PHARMACEUTICAL           ADR      881624209      537     14394 SH       DEFINED    01          14394        0        0
TEXAS A & M UNIV PERM UNIV FD    MUNICIPL 882117ZZ0     5165   5000000 SH       DEFINED    01        5000000        0        0
TEXAS BIOTECHNOLOGY CORP         COMMON   88221T104      156     10900 SH       DEFINED    01          10900        0        0
WTS TEXAS BIOTECHNOLOGY CORP     WARRANT  88221T120      826    134900 SH       DEFINED    01         134900        0        0
TEXAS HIGHER ED AU EDL FACS RV   MUNIFLT  88248HAB5      105    105000 SH       DEFINED    01         105000        0        0
TEXAS INSTRUMENTS INC            COMMON   882508104     4984     31154 SH       DEFINED    01          31154        0        0
CALL TEXAS INSTRS JAN 050 CBOE   OPTLEQTY 8825109A0     8800     55000     CAL  DEFINED    01          55000        0        0
CALL TEXAS INSTRS JAN 075 CBOE   OPTLEQTY 8825109A0     8576     53600     CAL  DEFINED    01          53600        0        0
CALL TEXAS INSTRS JAN 080 CBOE   OPTLEQTY 8825109A0     2400     15000     CAL  DEFINED    01          15000        0        0
PUT  TEXAS INSTRS JAN 045 CBOE   OPTLEQTY 8825109M4     8000     50000     PUT  DEFINED    01          50000        0        0
PUT  TEXAS INSTRS JAN 050 CBOE   OPTLEQTY 8825109M4    20800    130000     PUT  DEFINED    01         130000        0        0
TEXAS NATL RESH LAB COMMN FING   MUNICIPL 882585AH5      498    475000 SH       DEFINED    01              0        0   475000
TEXAS ST DEPT HSG & CMNTY        MUNICIPL 88275FDN6      981    970000 SH       DEFINED    01              0        0   970000
TEXAS WTR DEV BRD REV            MUNIFLT  882854HV7        0   1255000 SH       DEFINED    01        1255000        0        0
TEXTRON INC                      COMMON   883203101      254      4174 SH       DEFINED    01           4174        0        0
THE GROUP INC                    COMMON   883353104        0     20993 SH       DEFINED    01          20993        0        0
THERMA-WAVE INC                  COMMON   88343A108      221      6500 SH       DEFINED    01              0        0     6500
THERMA-WAVE INC                  COMMON   88343A108     1843     54234 SH       DEFINED    01          54234        0        0
3COM CORP                        COMMON   885535104     3506     63046 SH       DEFINED    01          63046        0        0
TICKETMASTER ONLINE-CITYSEARCH   COMMON   88633P203      279     11150 SH       DEFINED    01          11150        0        0
TIDEWATER INC                    COMMON   886423102     2883     90633 SH       DEFINED    01          90633        0        0
CALL TIDEWATER IN JUL 035 ****   OPTLEQTY 8864239G9      795     25000     CAL  DEFINED    01          25000        0        0
PUT  TIDEWATER IN APR 030 ****   OPTLEQTY 8864239P9     1590     50000     PUT  DEFINED    01          50000        0        0
TIFFANY & CO NEW                 COMMON   886547108     2642     31595 SH       DEFINED    01          31595        0        0
TIME WARNER ENTERTAINMENT        CBOND    88731EAJ9     6098   5890000 SH       DEFINED    01        5890000        0        0
CALL TIME WARNER  JAN 125 PBW    OPTLEQTY 88731N9A0      500      5000     CAL  DEFINED    01           5000        0        0
CALL TIME WARNER  JAN 040 PBW    OPTLEQTY 88731N9A0      660      6600     CAL  DEFINED    01           6600        0        0
CALL TIME WARNER  JAN 080 PBW    OPTLEQTY 88731N9A0     2500     25000     CAL  DEFINED    01          25000        0        0
CALL TIME WARNER  JAN 125 PBW    OPTLEQTY 88731P9A5     5000     50000     CAL  DEFINED    01          50000        0        0
CALL TIME WARNER  JAN 130 ****   OPTLEQTY 88731P9A5     5000     50000     CAL  DEFINED    01          50000        0        0
TIME WARNER INC                  COMMON   887315109     4291     42918 SH       DEFINED    01          42918        0        0
TIME WARNER INC-DEBS             CBOND    887315AM1      218    200000 SH       DEFINED    01         200000        0        0
TIME WARNER INC                  CBOND    887315AY5      248    280000 SH       DEFINED    01         280000        0        0
TIME WARNER INC                  CBOND    887315BA6      354    350000 SH       DEFINED    01         350000        0        0
TIME WARNER INC                  CBOND    887315BH1      433    455000 SH       DEFINED    01         455000        0        0
CALL TIME WARNER  APR 090 ****   OPTLEQTY 8873159D3     7500     75000     CAL  DEFINED    01          75000        0        0
CALL TIME WARNER  JUN 055 PBW    OPTLEQTY 8873159F8    13300    133000     CAL  DEFINED    01         133000        0        0
TIME WARNER TELECOM LLC          CBOND    887321AA5      409    405000 SH       DEFINED    01         405000        0        0
TOKAI PFD CAP CO LLC             PFDTRUST 88906VAA9     1006   1000000 SH       DEFINED    01              0        0  1000000
TOKAI PFD CAP CO LLC             PFDTRUST 88906VAA9      135    135000 SH       DEFINED    01         135000        0        0
TOO INC                          COMMON   890333107     1048     33214 SH       DEFINED    01          33214        0        0
TOSCO FINANCING TRUST-5.75%      PREFCONV 891491409     4876     99014 SH       DEFINED    01          99014        0        0
TOTAL ASSETS PROTECTION INC      COMMON   891495103        0     41285 SH       DEFINED    01          41285        0        0
TOTAL RENAL CARE HLDGS INC       CBONDCNV 89151AAA5     6791  11710000 SH       DEFINED    01       11710000        0        0
TRADITIONAL INDUSTRIES INC NEW   COMMON   892682204        0     70370 SH       DEFINED    01          70370        0        0
TRANSACTION SYSTEMS ARCHITECTS   COMMON   893416107     5656    195907 SH       DEFINED    01         195907        0        0
CALL TRANSACTN SY APR 030 PBW    OPTLEQTY 8934169D1     3580    124000     CAL  DEFINED    01         124000        0        0
TRANSAMERICA CAPITAL I CAP TR    PFDTRUST 893471AA0     8654   9500000 SH       DEFINED    01        9500000        0        0
TRANSAMERICA FINANCE CORP        MEDNOTE  89350LJQ6    18543  19150000 SH       DEFINED    01       19150000        0        0
TRANSAMERICAN REFINING CORP      CBOND    89351KAR4      919   9190000 SH       DEFINED    01        9190000        0        0
TRANSCONTINENTAL GAS PIPE LINE   CBOND    893570BM2      328    360000 SH       DEFINED    01         360000        0        0
CALL CITIGROUP    JAN 035 ****   OPTLEQTY 8939269A5     2224     37500     CAL  DEFINED    01          37500        0        0
CALL CITIGROUP   JAN33.375****   OPTLEQTY 8939269A5    12900    217500     CAL  DEFINED    01         217500        0        0
CALL CITIGROUP   JAN46.625****   OPTLEQTY 8939269A5      889     15000     CAL  DEFINED    01          15000        0        0
PUT  CITIGROUP    JAN 045 ****   OPTLEQTY 8939269M9     6524    110000     PUT  DEFINED    01         110000        0        0
PUT  CITIGROUP    JAN 040 ****   OPTLEQTY 8939269M9     4448     75000     PUT  DEFINED    01          75000        0        0
TRAVELERS P&C CAPITAL I          PREFERED 893931204      463     20000 SH       DEFINED    01              0        0    20000
TRAVELERS PROPERTY CASUALTY      COMMON   893939108      569     13800 SH       DEFINED    01          13800        0        0
TRANSWITCH CORP                  COMMON   894065101      252      2622 SH       DEFINED    01           2622        0        0
TIGR-SER 18-COUPON-INT PMT ON    USTRES   894643F42       17     32000 SH       DEFINED    01          32000        0        0
TIGR SER 7-INT PMT 2008/13 &     USTRES   894643MG7       25     70000 SH       DEFINED    01          70000        0        0
TBR-SER 5-COUPON-INT PMT ON      USTRES   894903HZ9       28     30400 SH       DEFINED    01          30400        0        0
TRENWICK CAPITAL TRUST I         CBOND    895287AC4      263    300000 SH       DEFINED    01         300000        0        0
TRICON GLOBAL RESTAURANTS INC    COMMON   895953107      221      7131 SH       DEFINED    01           7131        0        0
TRICON GLOBAL RESTAURANTS INC    CBOND    895953AB3      191    200000 SH       DEFINED    01         200000        0        0
TRICO MARINE SERVICES INC        CBOND    896106AK7      179    199000 SH       DEFINED    01         199000        0        0
TRIQUINT SEMICONDUCTOR INC       COMMON   89674K103      289      3933 SH       DEFINED    01           3933        0        0
***TRIZEC HAHN CORP-SUB VTG      COMMON   896938107     2248    149904 SH       DEFINED    01         149904        0        0
TRUE NORTH COMMUNICATIONS INC    COMMON   897844106     3973    101073 SH       DEFINED    01         101073        0        0
TRUMP PLAZA HOLDING ASSOC/       CBOND    897907AA9      704   1055000 SH       DEFINED    01        1055000        0        0
TULARIK INC                      COMMON   899165104     2747     89000 SH       DEFINED    01              0        0    89000
TULSA OKLA MUN ARPT TR REV       MUNIRIB  899661CR1     1465   1390000 SH       DEFINED    01        1390000        0        0
TULSA OKLA IDR RFDG UNIV TULSA   MUNIFLT  899676HZ6      140    140000 SH       DEFINED    01         140000        0        0
CALL VERTICALNET  JUL 260 ****   OPTLEQTY 9C299W9G1     4352     32000     CAL  DEFINED    01              0        0    32000
TURNER BROADCASTING SYSTEMS      CBOND    900262AR7      227    221000 SH       DEFINED    01         221000        0        0
TUT SYSTEMS                      COMMON   901103101     7207    121000 SH       DEFINED    01         121000        0        0
***TV AZTECA SA DE CV            ADR      901145102      210     14300 SH       DEFINED    01          14300        0        0
TWO PESOS INC                    COMMON   902068105        0    181910 SH       DEFINED    01         181910        0        0
***TYCO INTL GROUP S A           CFGN     902118AQ1      490    500000 SH       DEFINED    01         500000        0        0
***TYCO INTERNATIONAL LTD        COMMON   902124106     3321     66601 SH       DEFINED    01              0        0    66601
***TYCO INTERNATIONAL LTD        COMMON   902124106    12457    249769 SH       DEFINED    01         249769        0        0
TYLER TEX H/F DEV CORP HSP REV   MUNICIPL 902261EV4      700    700000 SH       DEFINED    01         700000        0        0
TYSON FOODS INC-CL A             CLASS    902494103      266     23944 SH       DEFINED    01          23944        0        0
UAL CORP-DEPOSITARY SHS-REPSTG   PREFCUMU 902549708    14942    452800 SH       DEFINED    01         452800        0        0
UBS INC PFD SER H %              PREFCUMU 90261B803     2295       340 SH       DEFINED    01            340        0        0
UDC HOMES INC                    COMMON   902646108        0     44531 SH       DEFINED    01          44531        0        0
UDS CAPITAL I-8.32% TRUST        PREFERED 902655208      412     20000 SH       DEFINED    01              0        0    20000
UDS CAPITAL I-8.32% TRUST        PREFERED 902655208     6800    329700 SH       DEFINED    01         329700        0        0
USX-MARATHON GROUP               COMMON   902905827     3924    150563 SH       DEFINED    01         150563        0        0
USX-MARATHON GROUP DEB           CBOND    902905AQ1     3458   3500000 SH       DEFINED    01        3500000        0        0
USX-MARATHON GROUP               CBOND    902905AR9       48     50000 SH       DEFINED    01          50000        0        0
USX MARATHON GROUP               CBOND    902905AS7     2102   2235000 SH       DEFINED    01        2235000        0        0
USA CLASSIC INC                  COMMON   902928100        0    119156 SH       DEFINED    01         119156        0        0
U S BANCORP-DEL                  COMMON   902973106      232     10641 SH       DEFINED    01          10641        0        0
USA NETWORKS INC                 COMMON   902984103     1100     48764 SH       DEFINED    01          48764        0        0
USAA CAPITAL CORP                MEDNOTE  90327QCD9    25070  25500000 SH       DEFINED    01       25500000        0        0
USAA CAPITAL CORP                MEDNOTE  90327QCE7    11185  11500000 SH       DEFINED    01       11500000        0        0
US CAN CORP SR SUB NOTE SER B    CBOND    90328WAC9       74     70000 SH       DEFINED    01          70000        0        0
USA BANCORP INC                  COMMON   90329A102        4     49200 SH       DEFINED    01          49200        0        0
USA MOBILE COMMUNICATIONS INC    CBOND    90329KAA8     7750   7750000 SH       DEFINED    01        7750000        0        0
USG CORP NEW                     COMMON   903293405      374      8935 SH       DEFINED    01           8935        0        0
USG CORP                         CBOND    903293AP3     1433   1385000 SH       DEFINED    01        1385000        0        0
US BANK NA MILWAUKEE WISC        CBOND    90331VAW2     3742   4040000 SH       DEFINED    01        4040000        0        0
US AWYS PASS THRU TRS            CBOND    90332UAA1      124    135000 SH       DEFINED    01         135000        0        0
USEC INC                         COMMON   90333E108      110     23998 SH       DEFINED    01          23998        0        0
USEC INC                         CBOND    90333EAA6     8437  10700000 SH       DEFINED    01       10700000        0        0
***US UNWIRED INC                CBOND    90338RAA2     5699  10703000 SH       DEFINED    01       10703000        0        0
UNICOM CORP                      COMMON   904911104     3927    107601 SH       DEFINED    01         107601        0        0
UNIFORET INC SR NT               CBOND    904912AE2      833   2975000 SH       DEFINED    01        2975000        0        0
UNION CITY N J G/O RFDG-SER A    MUNICIPL 905734KJ7      142    140000 SH       DEFINED    01              0        0   140000
UNION CNTY N J UTILS AUTH        MUNIFLT  906365EA5       90    100000 SH       DEFINED    01         100000        0        0
UNION PACIFIC CORP               COMMON   907818108      294      7533 SH       DEFINED    01           7533        0        0
UNION PAICFIC CORP DEB           CBOND    907818AZ1      181    199000 SH       DEFINED    01         199000        0        0
UNION PACIFIC CORP               MEDNOTE  90782EGV0     4002   4225000 SH       DEFINED    01        4225000        0        0
UNION TANK CAR CO                MEDNOTE  90858PAC2     4800   5000000 SH       DEFINED    01        5000000        0        0
UNISYS CORP                      COMMON   909214108      802     31462 SH       DEFINED    01          31462        0        0
UNITED AIRLINES INC NTS          CBOND    909279AS0       10     10000 SH       DEFINED    01          10000        0        0
UNITED COS FINL CORP             CBOND    909870AA5    11169  30600000 SH       DEFINED    01       30600000        0        0
UNITED COS FINANCIAL CORP        CBOND    909870AC1      194   7760000 SH       DEFINED    01        7760000        0        0
UNITED COMPANIES FINL CORP       CBOND    909870AD9     5283  44025000 SH       DEFINED    01       44025000        0        0
UNITED DEFENSE INDUSTRIES INC    CBOND    91018BAC8     1845   2000000 SH       DEFINED    01        2000000        0        0
UNITED HEALTHCARE CORP           COMMON   910581107      271      4552 SH       DEFINED    01           4552        0        0
PUT  UNITED HLTHC JUN 045 ****   OPTLEQTY 9105819R0     1490     25000     PUT  DEFINED    01          25000        0        0
UNITED MERCHANTS & MFRS INC      COMMON   910858109        1     90000 SH       DEFINED    01          90000        0        0
UNITED MERCHANTS &               COMMON   910858406        0   1192780 SH       DEFINED    01        1192780        0        0
UNITED MERCHANT & MFGRS INC      CBOND    910858AF6       54   8870000 SH       DEFINED    01        8870000        0        0
ESCROW UTD MERCHANTS & MFR       CBOND    9108589E1      103  10309000 SH       DEFINED    01       10309000        0        0
A WTS UNITED MERCHANTS &         WARRANT  910858992        0    298195 SH       DEFINED    01         298195        0        0
UNITED MERCHANTS & MFRS INC      PREFERED 910858307       22     18845 SH       DEFINED    01          18845        0        0
UNITED MEXICAN STATES            CFGN     91086QAB4      168    160000 SH       DEFINED    01              0        0   160000
UNITED RENTALS TRUST I           PREFCONV 91136H207      293      9000 SH       DEFINED    01           9000        0        0
US AIR 1989-A PASS THRU TRS      CMO      91154FAA7        0     32146 SH       DEFINED    01          32146        0        0
US AIR INC 1993-A-PASS THRU TR   CBOND    91154RAC7      903   1000000 SH       DEFINED    01        1000000        0        0
U S AIR EQUIP TRUST CTFS         CBOND    911546EK1      239    239000 SH       DEFINED    01         239000        0        0
U S AIR INC SR NOTES             CBOND    911546VV8     1495   1505000 SH       DEFINED    01        1505000        0        0
US AIR INC                       CBOND    911546WB1      486    495000 SH       DEFINED    01         495000        0        0
US CELLULAR CORP                 COMMON   911684108      681      9600 SH       DEFINED    01           9600        0        0
US AIRWAYS GROUP INC             COMMON   911905107      420     15125 SH       DEFINED    01          15125        0        0
U S WEST INC NEW                 COMMON   91273H101     2033     28006 SH       DEFINED    01          28006        0        0
PUT  U S WEST INC APR 075 AMEX   OPTLEQTY 91273H9P8      842     11600     PUT  DEFINED    01          11600        0        0
UNITED STATES TREASURY BILLS     USTBIL   912795DT5     9956  10000000 SH       DEFINED    01       10000000        0        0
UNITED STATES TREASURY BILLS     USTBIL   912795EF4     2917   3000000 SH       DEFINED    01        3000000        0        0
UNITED STATES TREASURY BILLS     USTBIL   912795EJ6     3834   4000000 SH       DEFINED    01        4000000        0        0
UNITED STATES TREASURY BILLS     USTBIL   912795ES6    14785  15500000 SH       DEFINED    01       15500000        0        0
UNITED STATES TREASURY BILLS     USTBIL   912795FV8    11343  12005000 SH       DEFINED    01       12005000        0        0
UNITED STATES TREAS BDS STRIP    USTRES   912803BE2      581   2500000 SH       DEFINED    01        2500000        0        0
UNITED STATES TREASURY BONDS     USTRES   912810BZ0      103    100000 SH       DEFINED    01              0        0   100000
UNITED STATES TREASURY BONDS     USTRES   912810DU9       14     13000 SH       DEFINED    01              0        0    13000
UNITED STATES TREASURY BONDS     USTRES   912810DU9       38     34000 SH       DEFINED    01          34000        0        0
UNITED STATES TREASURY BONDS     USTRES   912810DZ8    51162  40000000 SH       DEFINED    01       40000000        0        0
UNITED STATES TREASURY BONDS     USTRES   912810ED6    80959  66616000 SH       DEFINED    01       66616000        0        0
UNITED STATES TREASURY BONDS     USTRES   912810EF1    64515  50000000 SH       DEFINED    01       50000000        0        0
UNITED STATES TREASURY BONDS     USTRES   912810EG9     4586   3545000 SH       DEFINED    01        3545000        0        0
UNITED STATES TREASURY BONDS     USTRES   912810EL8    21915  18000000 SH       DEFINED    01       18000000        0        0
UNITED STATES TREASURY BONDS     USTRES   912810EM6       15     14000 SH       DEFINED    01              0        0    14000
UNITED STATES TREASURY BONDS     USTRES   912810EM6       40     36000 SH       DEFINED    01          36000        0        0
UNITED STATES TREASURY BONDS     USTRES   912810ET1       28     24000 SH       DEFINED    01          24000        0        0
UNITED STATES TREASURY BONDS     USTRES   912810EZ7     8127   7580000 SH       DEFINED    01        7580000        0        0
UNITED STATES TREASURY BONDS     USTRES   912810FB9    50469  50000000 SH       DEFINED    01       50000000        0        0
UNITED STATES TREASURY BONDS     USTRES   912810FD5   142359 150000000 SH       DEFINED    01       50000000        0        0
UNITED STATES TREASURY BONDS     USTRES   912810FF0      536    600000 SH       DEFINED    01         600000        0        0
UNITED STATES TREASURY BONDS     USTRES   912810FH6   298087 300625000 SH       DEFINED    01         625000        0        0
UNITED STATES TREASURY NOTES     USTRES   912827G55       21     22000 SH       DEFINED    01          22000        0        0
UNITED STATES TREASURY NOTES     USTRES   912827J78       23     24000 SH       DEFINED    01          24000        0        0
UNITED STATES TREASURY NOTES     USTRES   912827P89      206    200000 SH       DEFINED    01              0        0   200000
UNITED STATES TREASURY NOTES     USTRES   912827R87       15     15000 SH       DEFINED    01              0        0    15000
UNITED STATES TREASURY NOTES     USTRES   912827T85      100    100000 SH       DEFINED    01              0        0   100000
UNITED STATES TREASURY NOTES     USTRES   912827U83       16     16000 SH       DEFINED    01          16000        0        0
UNITED STATES TREASURY NOTES     USTRES   912827W24      199    200000 SH       DEFINED    01              0        0   200000
UNITED STATES TREASURY NOTES     USTRES   912827W40       99    100000 SH       DEFINED    01              0        0   100000
UNITED STATES TREASURY NOTES     USTRES   912827X80       25     25000 SH       DEFINED    01              0        0    25000
UNITED STATES TREASURY NOTES     USTRES   912827Y48       50     50000 SH       DEFINED    01              0        0    50000
UNITED STATES TREASURY NOTES     USTRES   912827Y48    14464  14460000 SH       DEFINED    01       14460000        0        0
UNITED STATES TREASURY NOTES     USTRES   912827Y55      103    100000 SH       DEFINED    01              0        0   100000
UNITED STATES TREASURY NOTES     USTRES   912827ZE5      106    105000 SH       DEFINED    01              0        0   105000
UNITED STATES TREASURY NOTES     USTRES   912827ZE5       13     13000 SH       DEFINED    01          13000        0        0
UNITED STATES TREASURY NOTES     USTRES   912827ZX3      110    109000 SH       DEFINED    01              0        0   109000
UNITED STATES TREASURY NOTES     USTRES   912827ZX3       24     24000 SH       DEFINED    01          24000        0        0
UNITED STATES TREASURY NOTES     USTRES   9128272M3    80137  83260000 SH       DEFINED    01       83260000        0        0
UNITED STATES TREASURY NOTES     USTRES   9128273A8   126254 126650000 SH       DEFINED    01       26650000        0        0
UNITED STATES TREASURY NOTES     USTRES   9128273C4       98    100000 SH       DEFINED    01              0        0   100000
UNITED STATES TREASURY NOTES     USTRES   9128273C4       24     25000 SH       DEFINED    01          25000        0        0
UNITED STATES TREASURY NOTES     USTRES   9128273E0       17     18000 SH       DEFINED    01          18000        0        0
UNITED STATES TREASURY NOTES     USTRES   9128273T7   308176 316585000 SH       DEFINED    01       16585000        0        0
UNITED STATES TREASURY NOTES     USTRES   9128273X8       11     12000 SH       DEFINED    01          12000        0        0
UNITED STATES TREASURY NOTES     USTRES   9128273Z3       97    100000 SH       DEFINED    01              0        0   100000
UNITED STATES TREASURY NOTES     USTRES   9128274V1    16222  18000000 SH       DEFINED    01       18000000        0        0
UNITED STATES TREASURY NOTES     USTRES   9128274Y5   519533 525110000 SH       DEFINED    01       25110000        0        0
UNITED STATES TREASURY NOTES     USTRES   9128275A6    12280  13000000 SH       DEFINED    01       13000000        0        0
UNITED STATES TREASURY NOTES     USTRES   9128275E8      985   1000000 SH       DEFINED    01        1000000        0        0
UNITED STATES TREASURY NOTES     USTRES   9128275N8       98    100000 SH       DEFINED    01              0        0   100000
UNITED STATES TREASURY NOTES     USTRES   9128275N8     1401   1420000 SH       DEFINED    01        1420000        0        0
UNITED STATES TREASURY NOTES     USTRES   9128275Q1     6719   6815000 SH       DEFINED    01        6815000        0        0
U S TREAS STRIP-TINT 8/15/00     USTRES   912833CC2       12     13000 SH       DEFINED    01          13000        0        0
U S TREAS STRIP-TINT-2/15/03     USTRES   912833CH1     4175   5000000 SH       DEFINED    01        5000000        0        0
U S TREAS STRIP TINT 8/15/05     USTRES   912833CN8      427    600000 SH       DEFINED    01         600000        0        0
U S WEST CAP FDG INC             CBOND    912912AP7     2288   2500000 SH       DEFINED    01        2500000        0        0
***U S WEST COMMUNICATIONS INC   CBOND    912920AT2     9981  10105000 SH       DEFINED    01       10105000        0        0
UNITED TECHNOLOGIES CORP         COMMON   913017109      603      9550 SH       DEFINED    01              0        0     9550
UNITED TECHNOLOGIES CORP         COMMON   913017109     1192     18871 SH       DEFINED    01          18871        0        0
UNITED TECHNOLOGIES              CBOND    913017AW9      944   1000000 SH       DEFINED    01        1000000        0        0
CALL UNITED TECH  MAY 050 CBOE   OPTLEQTY 9130179E1     1263     20000     CAL  DEFINED    01          20000        0        0
CALL UNITED TECH  MAY 055 CBOE   OPTLEQTY 9130179E1      663     10500     CAL  DEFINED    01          10500        0        0
CALL UNITED TECH  MAY 060 CBOE   OPTLEQTY 9130179E1     1516     24000     CAL  DEFINED    01          24000        0        0
CALL UNITED TECH  AUG 060 CBOE   OPTLEQTY 9130179H4      947     15000     CAL  DEFINED    01          15000        0        0
PUT  UNITED TECH  MAY 050 CBOE   OPTLEQTY 9130179Q4     1516     24000     PUT  DEFINED    01          24000        0        0
UNITED UTILITIES PLC             CBOND    91311QAB1       91     98000 SH       DEFINED    01          98000        0        0
UNITED UTILITIES PLC             CBOND    91311QAC9    20081  23645000 SH       DEFINED    01       23645000        0        0
UNITEDGLOBALCOM                  COMMON   913247508      683      9100 SH       DEFINED    01           9100        0        0
UNITY HEALTHCARE HOLDING CO      COMMON   913298105        0     84800 SH       DEFINED    01          84800        0        0
UNIVERSAL CORP-VA                COMMON   913456109      239     15899 SH       DEFINED    01          15899        0        0
UNIVERSITY ALA UNIV REVS-ADJ-    MUNIFLT  9140295P4       85     85000 SH       DEFINED    01          85000        0        0
UNIVERSITY ATHLETIC ASSN INC     MUNIFLT  914086AB9      100    100000 SH       DEFINED    01         100000        0        0
UNIVERSITY BANK N.A.             COMMON   914101100        0    101136 SH       DEFINED    01         101136        0        0
UNIVERSITY CALIF REVS MULTI      MUNICIPL 9141132Z7      197    200000 SH       DEFINED    01              0        0   200000
UNIVERSITY MEDICINE &            MUNICIPL 914447BP1      289    300000 SH       DEFINED    01              0        0   300000
UNIVERSITY MINNESOTA INFLOS      MUNIRIB  914460AV2      497    500000 SH       DEFINED    01              0        0   500000
UNIVERSITY N C CHAPEL HILL RV    MUNIFLT  914713JL7      280    280000 SH       DEFINED    01         280000        0        0
UNIVISION COMMUNICATIONS INC     COMMON   914906102      718      6359 SH       DEFINED    01           6359        0        0
UNOCAL CAPITAL TRUST-6.25%       PREFCONV 91528T207     4324     99979 SH       DEFINED    01          99979        0        0
URECOATS INDUSTRIES INC          COMMON   91724E103       42     18970 SH       DEFINED    01          18970        0        0
URETHANE TECHNOLOGIES INC NEW    COMMON   917246209        0     27500 SH       DEFINED    01          27500        0        0
VA LINUX SYS INC                 COMMON   91819B105      996     16500 SH       DEFINED    01              0        0    16500
VTN CORP                         COMMON   918346107        0     27500 SH       DEFINED    01          27500        0        0
VALASSIS COMMUNICATIONS INC      COMMON   918866104      250      7516 SH       DEFINED    01           7516        0        0
VALDEZ ALASKA MARINE TERM REV    MUNIRIB  919061EF4     1681   1000000 SH       DEFINED    01        1000000        0        0
VALERO ENERGY CORP               CBOND    919138AC1      948   1000000 SH       DEFINED    01        1000000        0        0
VALLEY INDUSTRIES INC            COMMON   919720102        0    113900 SH       DEFINED    01         113900        0        0
VALUE ADDED COMMUNICATIONS INC   COMMON   920383106        9    196175 SH       DEFINED    01         196175        0        0
VALUE TRADING INDUSTRIES INC     COMMON   92047F108        0     28751 SH       DEFINED    01          28751        0        0
VARCO INTERNATIONAL INC          COMMON   922126107      222     17651 SH       DEFINED    01          17651        0        0
VENANGO PA IDA PCR FLO FIXED     MUNIFLT  922599AA3       20     20000 SH       DEFINED    01          20000        0        0
VENCOR OPER INC                  CBOND    92260GAB2      270   1500000 SH       DEFINED    01        1500000        0        0
VENCOR INC (NEW)                 COMMON   92260R102        2     15557 SH       DEFINED    01          15557        0        0
***VENTURE SEISMIC LTD           COMMON   92327K108        0     13000 SH       DEFINED    01          13000        0        0
VERISIGN INC                     COMMON   92343E102     1121      7500 SH       DEFINED    01           7500        0        0
VERIO INC                        COMMON   923433106      457     10158 SH       DEFINED    01          10158        0        0
VERITAS SOFTWARE CORP            COMMON   923436109    11651     88945 SH       DEFINED    01          88945        0        0
VERMONT EDL&HLTH BLDG FIN AGY    MUNI     924160ZB3        0    400000 SH       DEFINED    01              0        0   400000
VERTEX PHARMACEUTICALS INC       COMMON   92532F100      596     12742 SH       DEFINED    01          12742        0        0
VERTEX PHARMACEUTICS INC         CBONDCNV 92532FAA8     1455   2000000 SH       DEFINED    01        2000000        0        0
VERTICALNET INC-PA               COMMON   92532L107     1022      7522 SH       DEFINED    01              0        0     7522
VERTICALNET INC-PA               COMMON   92532L107     2661     19572 SH       DEFINED    01          19572        0        0
VESTA CAPITAL TRUST I CAP SECS   CBOND    925388AA8      980   2750000 SH       DEFINED    01        2750000        0        0
***VIASYSTEMS INC                CBOND    92552SAC1     1764   2100000 SH       DEFINED    01        2100000        0        0
***VICAP SA DE CV                CFGN     925609AC3      172    175000 SH       DEFINED    01              0        0   175000
VIGNETTE CORP                    COMMON   926734104     1265      7900 SH       DEFINED    01           7900        0        0
VIRGINIA COMWLTH TRANSN BRD      MUNIFLT  927793DY2        0   3000000 SH       DEFINED    01        3000000        0        0
VIRGINIA ELECTRIC & POWER CO     PREFERED 927804625     7556     75000 SH       DEFINED    01          75000        0        0
VIRGINIA ELECTRIC & POWER CO     PREFCUMU 927804633     5187     50000 SH       DEFINED    01          50000        0        0
VIRGINIA ELECTRIC & POWER CO     PREFERED 927804690     2774     27500 SH       DEFINED    01          27500        0        0
VIRGINIA ELECTRIC & POWER CO     MEDNOTE  92781FBP2     1937   2150000 SH       DEFINED    01        2150000        0        0
VIRGINIA ST HSG DEV AUTH SER C   MUNICIPL 92812RCP8     1631   1625000 SH       DEFINED    01              0        0  1625000
VIRGINIA ST HSG DEV AUTH         MUNICIPL 92812TRF0     1378   1500000 SH       DEFINED    01        1500000        0        0
VIRGINIA ST HSG DEV AUTH         MUNIFLT  92812TUU3        0    300000 SH       DEFINED    01         300000        0        0
VIRGINIA ST HSG DEV AUTH MULTI   MUNICIPL 928134N50      593    575000 SH       DEFINED    01              0        0   575000
VIRGINIA ST TRANSN BRD TRANSN    MUNIRIB  928184CS7      320    300000 SH       DEFINED    01         300000        0        0
VIRGINIA ST TRANSN BRD TRANSN    MUNIFLT  928184JL5       41     20000 SH       DEFINED    01          20000        0        0
VIRTUALSELLERS.COM INC           COMMON   92825Y105      175     27000 SH       DEFINED    01          27000        0        0
VISHAY INTERTECHNOLOGY INC       COMMON   928298108      866     15574 SH       DEFINED    01          15574        0        0
VISX INC-DEL                     COMMON   92844S105      282     15495 SH       DEFINED    01          15495        0        0
VITAL HEART SYSTEMS INC          COMMON   92846T101        2     30000 SH       DEFINED    01          30000        0        0
VITESSE SEMICONDUCTOR CORP       COMMON   928497106    12714    132094 SH       DEFINED    01              0        0   132094
VITESSE SEMICONDUCTOR CORP       COMMON   928497106     3281     34089 SH       DEFINED    01          34089        0        0
VITESSE SEMICONDUCTOR CORP       CBONDCNV 928497AA4    25906  25000000 SH       DEFINED    01       25000000        0        0
CALL VITESSE SEMI APR 090 CBOE   OPTLEQTY 9284979D0      721      7500     CAL  DEFINED    01              0        0     7500
VLASIC FOODS INTL INC            CBOND    928559AB9       37     63000 SH       DEFINED    01          63000        0        0
***VODAFONE AIRTOUCH PLC         ADR      92857T107      208      3750 SH       DEFINED    01              0        0     3750
***VODAFONE AIRTOUCH PLC         ADR      92857T107     6385    114916 SH       DEFINED    01         114916        0        0
***VOICESTREAM WIRELESS CORP /   CBOND    92861LAA6     2646   2660000 SH       DEFINED    01        2660000        0        0
VOICESTREAM WIRELESS CORP        COMMON   928615103     2686     20854 SH       DEFINED    01          20854        0        0
VORNADO REALTY TRUST             REIT     929042109    10733    320400 SH       DEFINED    01         320400        0        0
WACHOVIA CAP                     CBOND    92977EAA3     5211   5500000 SH       DEFINED    01        5500000        0        0
WACHOVIA CORP NEW                COMMON   929771103      522      7732 SH       DEFINED    01           7732        0        0
WACHOVIA CORP                    CBOND    929771AH6     2744   3000000 SH       DEFINED    01        3000000        0        0
***WAL-MART STORES INC           CFGN     931142BC6     1979   2000000 SH       DEFINED    01        2000000        0        0
***WAL-MART STORES INC NOTE      CFGN     931142BD4       97    100000 SH       DEFINED    01              0        0   100000
WAL-MART STORES INC              CEURO    931142BE2     1701   1750000 SH       DEFINED    01        1750000        0        0
WAL-MART STORES INC              COMMON   931142103      475      8575 SH       DEFINED    01              0        0     8575
WAL-MART STORES INC              COMMON   931142103     2010     36222 SH       DEFINED    01          36222        0        0
***WAL-MART STORES INC           CBOND    931142BF9    13424  13150000 SH       DEFINED    01       13150000        0        0
CALL WAL-MART STR MAY 060 ****   OPTLEQTY 9311429E5     1387     25000     CAL  DEFINED    01          25000        0        0
PUT  WAL-MART STR MAY 045 ****   OPTLEQTY 9311429Q8     1387     25000     PUT  DEFINED    01          25000        0        0
PUT  WAL-MART STR MAY 47.5****   OPTLEQTY 9311429Q8     1387     25000     PUT  DEFINED    01          25000        0        0
CALL WAL-MART STR JAN 030 CBOE   OPTLEQTY 9311449A9    21156    381200     CAL  DEFINED    01         381200        0        0
CALL WAL-MART STR JAN 045 CBOE   OPTLEQTY 9311449A9     1387     25000     CAL  DEFINED    01          25000        0        0
CALL WAL-MART STR JAN 57.5CBOE   OPTLEQTY 9311449A9     4301     77500     CAL  DEFINED    01          77500        0        0
WALGREEN CO                      COMMON   931422109      864     33584 SH       DEFINED    01          33584        0        0
WALNUT CALIF IMPT AGY IDA IDR    MUNIFLT  932653AA6      395    395000 SH       DEFINED    01         395000        0        0
CALL WARNER LAMBT APR 095 AMEX   OPTLEQTY 9344819D6     7312     75000     CAL  DEFINED    01          75000        0        0
WARNER-LAMBERT CO                COMMON   934488107    10374    106401 SH       DEFINED    01         106401        0        0
WARREN  CNTY OHIO HLTH CARE      MUNICIPL 93515PAB3      685    685000 SH       DEFINED    01         685000        0        0
PUT  YAHOO INC    APR 090 ****   OPTLEQTY 93599W9P8    17137    100000     PUT  DEFINED    01         100000        0        0
PUT  YAHOO INC    APR 100 ****   OPTLEQTY 93599W9P8    19365    113000     PUT  DEFINED    01         113000        0        0
WARWICK INSURANCE MANAGERS INC   COMMON   936586403        6    100000 SH       DEFINED    01         100000        0        0
WASHINGTON MUTUAL INC            COMMON   939322103      653     24665 SH       DEFINED    01          24665        0        0
WASHINGTON POST CO-CL B          COMMON   939640108      590      1092 SH       DEFINED    01           1092        0        0
WASHINGTON ST G/O SER B          MUNICIPL 939745M36       35     35000 SH       DEFINED    01          35000        0        0
WASHINGTON ST PUB PWR SUPPLY     MUNIRIB  939830PR0     2541   2600000 SH       DEFINED    01              0        0  2600000
WASHINGTON SUBN SAN DIST MD      MUNICIPL 940156VA7      100    100000 SH       DEFINED    01              0        0   100000
WASHOE CNTY NEV GAS & WTR FACS   MUNICIPL 940797AF0     6300   6075000 SH       DEFINED    01        6075000        0        0
WASTE MANAGEMENT INC DEL         COMMON   94106L109      175     12854 SH       DEFINED    01          12854        0        0
WATERS CORP                      COMMON   941848103      418      4391 SH       DEFINED    01           4391        0        0
WATSON PHARMACEUTICALS INC       COMMON   942683103      238      6000 SH       DEFINED    01              0        0     6000
CALL XILINX INC   JAN 080 ****   OPTLEQTY 94699W9A8      414      5000     CAL  DEFINED    01              0        0     5000
WEATHERFORD INTERNATIONAL INC    COMMON   947074100     2707     45940 SH       DEFINED    01          45940        0        0
WEBVAN GROUP INC                 COMMON   94845V103      309     40200 SH       DEFINED    01          40200        0        0
WELLS FARGO CAPITAL NOTES        CBOND    94974WAA2     1158   1220000 SH       DEFINED    01        1220000        0        0
CALL WELLS FARGO  APR 040 ****   OPTLEQTY 9497409D8      818     20000     CAL  DEFINED    01          20000        0        0
PUT  WELLS FARGO  APR 035 ****   OPTLEQTY 9497409P1    18503    452000     PUT  DEFINED    01         452000        0        0
CALL WELLS FARGO  JAN 050 AMEX   OPTLEQTY 9497429A0     1023     25000     CAL  DEFINED    01          25000        0        0
WELLS FARGO & CO-NEW             COMMON   949746101     3956     96639 SH       DEFINED    01          96639        0        0
CALL WELLS FARGO  MAY 040 ****   OPTLEQTY 9497469E3    21492    525000     CAL  DEFINED    01         525000        0        0
CALL WELLS FARGO  JUL 035 ****   OPTLEQTY 9497469G8      614     15000     CAL  DEFINED    01          15000        0        0
CALL WELLS FARGO  JUL 050 ****   OPTLEQTY 9497469G8      614     15000     CAL  DEFINED    01          15000        0        0
WELLS AMERICAN CORP              COMMON   949900104        0     30320 SH       DEFINED    01          30320        0        0
WELLSTEAD INDUSTRIES INC         COMMON   950246108        1     19120 SH       DEFINED    01          19120        0        0
WENTEX INTERNATIONAL INC-NEW     COMMON   950675207        0     10000 SH       DEFINED    01          10000        0        0
WEST VIRGINIA SCH BLDG AUTH      MUNICIPL 956540DH8      314    300000 SH       DEFINED    01              0        0   300000
WEST VIRGINIA ST HSG DEV FD      MUNICIPL 95662MKX7       30     30000 SH       DEFINED    01              0        0    30000
WEST VIRGINIA STATE HOSP FIN     MUNIFLT  956622KJ2     1493   1500000 SH       DEFINED    01        1500000        0        0
WEST VIRGINIA ST HSP FIN AU RV   MUNICIPL 956622KL7       50     50000 SH       DEFINED    01          50000        0        0
WESTELL TECHNOLOGIES INC-CL A    COMMON   957541105     1035     32500 SH       DEFINED    01          32500        0        0
WESTERN SAVINGS & LOAN ASSN      COMMON   959432105        0     78500 SH       DEFINED    01          78500        0        0
WESTINGHOUSE ELEC CO             CBOND    960402AR6       24     25000 SH       DEFINED    01          25000        0        0
WESTWOOD ONE INC                 COMMON   961815107      263      7281 SH       DEFINED    01           7281        0        0
WEYERHAEUSER CO                  COMMON   962166104      310      5450 SH       DEFINED    01           5450        0        0
WILLIAMS HLDGS OF DELAWARE INC   CBOND    968905AC3      946   1000000 SH       DEFINED    01        1000000        0        0
WILLIAMS COMPANIES INC           COMMON   969457100      208      4750 SH       DEFINED    01              0        0     4750
WILLIAMS COMPANIES INC           COMMON   969457100      537     12242 SH       DEFINED    01          12242        0        0
WILLIAMS COS INC                 CBOND    969457AQ3     2864   3000000 SH       DEFINED    01        3000000        0        0
WILLIAMS SONOMA INC              COMMON   969904101      298      9630 SH       DEFINED    01           9630        0        0
WIND RIVER SYSTEMS INC           CBONDCNV 973149AC1      873    695000 SH       DEFINED    01         695000        0        0
WINSTAR COMMUNICATIONS INC       COMMON   975515875     2549     27675 SH       DEFINED    01          27675        0        0
WINSTAR COMMUNICATIONS INC       CBOND    975515AD9      142    140000 SH       DEFINED    01         140000        0        0
WINSTAR COMMUNICATIONS INC       CBOND    975515AT4      153    155000 SH       DEFINED    01         155000        0        0
WISCONSIN HSG & ECONOMIC DEV     MUNICIPL 97689PML9       96    100000 SH       DEFINED    01         100000        0        0
WISCONSIN HSG & EDA HOME OWERS   MUNIRIB  9769003K4      256    250000 SH       DEFINED    01         250000        0        0
WISCONSIN ST HLTH & EDL FACS     MUNICIPL 97710NS72     8019  10000000 SH       DEFINED    01       10000000        0        0
WISCONSIN ST HLTH & EDL FACS     MUNICIPL 97710NZ33     7559   9000000 SH       DEFINED    01        9000000        0        0
CALL AT&T CORP    JAN 050 CBOE   OPTLEQTY 97899W9A9     1687     30000     CAL  DEFINED    01          30000        0        0
CALL AT&T CORP    JAN 080 CBOE   OPTLEQTY 97899W9A9      632     11250     CAL  DEFINED    01          11250        0        0
CALL AT&T CORP JAN 63.375 CBOE   OPTLEQTY 97899W9A9     3796     67500     CAL  DEFINED    01          67500        0        0
CALL AT&T CORP JAN 66.625 CBOE   OPTLEQTY 97899W9A9     3796     67500     CAL  DEFINED    01          67500        0        0
WORCESTER MASS G/O PENSION       MUNICIPL 981305SA4    26518  31000000 SH       DEFINED    01       31000000        0        0
WORKFLOW MANAGEMENT INC          COMMON   98137N109      231      8599 SH       DEFINED    01           8599        0        0
WORLD ACCESS INC NEW             COMMON   98141A101      607     31782 SH       DEFINED    01          31782        0        0
WORLD ACCESS INC                 CBOND    98141AAD3     9787  11250000 SH       DEFINED    01       11250000        0        0
***WORLDCOM INC                  CFGN     98155KAG7    14559  15000000 SH       DEFINED    01       15000000        0        0
***WORLDCOM INC GA               CBOND    98155KAJ1    12424  13600000 SH       DEFINED    01       13600000        0        0
WORLDWIDE COLLECTIONS FUND INC   COMMON   98155T103        0     10200 SH       DEFINED    01          10200        0        0
PUT  MCI WORLDCOM JAN 060 ****   OPTLEQTY 9819169M3     9062    200000     PUT  DEFINED    01         200000        0        0
WM WRIGLEY JR CO                 COMMON   982526105      332      4325 SH       DEFINED    01           4325        0        0
WYOMING CMNTY DEV AUTH SGLFAM    MUNICIPL 983219WU6       49     50000 SH       DEFINED    01              0        0    50000
WYOMING CMNTY DEV AUTH SGLFAM    MUNICIPL 983219WW2       50     50000 SH       DEFINED    01              0        0    50000
WYOMING CMNTY DEV AUTH HSG REV   MUNICIPL 98322PAX7       15     15000 SH       DEFINED    01          15000        0        0
UTS XM SATELLITE RADIO INC       UNTCORPC 98375YAD8      950     10000 SH       DEFINED    01          10000        0        0
XILINX INC                       COMMON   983919101     5539     66892 SH       DEFINED    01          66892        0        0
CALL XILINX INC   JUN 47.5****   OPTLEQTY 9839199F0     1076     13000     CAL  DEFINED    01              0        0    13000
XIRCOM                           COMMON   983922105     2494     67432 SH       DEFINED    01          67432        0        0
CALL TEXAS INSTRU JUL 100 CBOE   OPTLEQTY 98399W9G9    20800    130000     CAL  DEFINED    01         130000        0        0
PUT  TEXAS INSTRU APR 090 CBOE   OPTLEQTY 98399W9P9     9280     58000     PUT  DEFINED    01          58000        0        0
***XENOVA GROUP PLC              ADR      984111104      150     47587 SH       DEFINED    01          47587        0        0
XEROX CORP                       COMMON   984121103      403     15500 SH       DEFINED    01              0        0    15500
XEROX CORP                       COMMON   984121103     3192    122801 SH       DEFINED    01         122801        0        0
CALL XEROX CORP   APR 22.5****   OPTLEQTY 9841219D7     1560     60000     CAL  DEFINED    01          60000        0        0
Y & A GROUP INC                  COMMON   984190108        2     18450 SH       DEFINED    01          18450        0        0
*** YPF SOCIEDAD ANONIMA NEG     EUROFX   984245AA8   484399   4900000 SH       DEFINED    01        4900000        0        0
***YPF SOCIEDAD ANONIMA          CEURO    984245AE0     8596   8835000 SH       DEFINED    01        8835000        0        0
***YPF SOCIEDAD ANONIMA          ADR      984245100      624     17600 SH       DEFINED    01          17600        0        0
YAHOO INC                        COMMON   984332106     2930     17100 SH       DEFINED    01              0        0    17100
YAHOO INC                        COMMON   984332106    14314     83529 SH       DEFINED    01          83529        0        0
YORK CO S C F/F RT PCR NAT RUR   MUNIFLT  986476AE9      305    305000 SH       DEFINED    01         305000        0        0
PUT  YAHOO INC    JAN 190 ****   OPTLEQTY 98699W9M3     4712     27500     PUT  DEFINED    01          27500        0        0
YOUNG BROADCASTING INC           CBOND    987434AF4       31     35000 SH       DEFINED    01          35000        0        0
ZSFH LLC                         CBOND    98878WAA0        0     15000 SH       DEFINED    01          15000        0        0
***ZI CORPORATION                COMMON   988918108      201     12500 SH       DEFINED    01          12500        0        0
ZIONS BANCORPORATION             COMMON   989701107      273      6561 SH       DEFINED    01           6561        0        0
NOEL GROUP INC                   COMMON   655260107        0    565395 SH       DEFINED    01         565395        0        0
GULFMARK OFFSHORE INC            COMMON   402629109     42000  2030226 SH       DEFINED    01        2030226        0        0
WEATHERFORD INTL INC             COMMON   292740107    210081  3598832 SH       DEFINED    01        3598832        0        0
ACTIVE SOFTWARE INC              COMMON   00504E100    137624  2163060 SH       DEFINED    01        2163060        0        0
BLOUNT INTL INC                  COMMON   095180105    394111 26262111 SH       DEFINED    01       26262111        0        0
L3 COMMUNICATIONS HOLDINGS INC   COMMON   502424104    282959  5501027 SH       DEFINED    01        5501027        0        0
WALTER INDUSTRIES INC            COMMON   93317Q105     22082  2849321 SH       DEFINED    01        2849321        0        0

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Dates Referenced Herein and Documents Incorporated by Reference

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This ‘13F-HR’ Filing	Date	First	Last	Other Filings

Deleted on:	6/7/00			13F-HR
Filed on:	5/15/00	1		13F-HR/A
For Period end:	3/31/00	1		13F-HR, 13F-HR/A
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Filing Submission 0000806085-00-000045 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Lehman Brothers Holdings Inc. Plan Trust – ‘13F-HR’ for 3/31/00

As of: Monday, 5/15/00 · For: 3/31/00 · Accession #: 806085-0-45 · File #: 28-03182 · Deletion: This Filing was Deleted by the SEC on 6/7/00.

Previous ‘13F-HR’: ‘13F-HR/A’ on 5/15/00 for 3/31/99 · Next: ‘13F-HR’ on 6/7/00 for 3/31/00 · Latest: ‘13F-HR’ on 11/6/12 for 9/30/12

Quarterly Holdings and Combination Report by a Money Manager — Form 13FFiling Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

Quarterly Holdings and Combination Report by a Money Manager — Form 13F
Filing Table of Contents