Form 13F Cover Page
Report for the Calendar Year of Quarter Ended: March 31, 2002
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: CNA Financial Corporation
Address: CNA Plaza
Chicago, Il 60685
13F File Number: 28-346
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true, correct, and complete, and
that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this
form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Lynne Gugenheim
Title: Senior Vice President and Deputy General Counsel
Phone: (312) 822 4921
Signature, Place, and Date of Signing:
May 10, 2002
Chicago, Illinois,
Report Type (Check only one.):
(X) 13F Holdings Report.
( ) 13F Notice.
( ) 13F Combination Report.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
Loews Corporation also has investment discretion over the securities
reported on herein by CNA Financial Corporation, Continental Assurance
Company, Continental Casualty Company, and The Continental Corporation.
Loews Corporation will report separately on securities over which it
has investment discretion which are not part of such holdings.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 4
Form 13F Information Table Entry Total: 324
Form 13F Information Table Value Total: 1,663,789.9 (in thousands)
List of Other Included Managers:
No. 13F File Number Name
1 28-386 Continental Assurance Company
2 28-387 Continental Casualty Company
3 28-346 CNA Financial Corporation
4 28-172 The Continental Corporation
ACCENTURE-CL A CL A G1150G111 7,298.78 2,3 272,200.00 SH DEFINED 272,200
ACME COMM INC COM 004631107 1,371.03 1,3 132,595.00 SH DEFINED 132,595
ACXIOM CORP COM 005125109 407.22 1,3 24,800.00 SH DEFINED 24,800
ADELPHIA COMM NOTE6% 006848BG9 5,524.40 2,3,4 7,000,000.00 PRN DEFINED
AETNA INC COM 00817Y108 2,030.29 3 52,300.00 SH DEFINED 52,300
AFFIL COMP SBCV3.5 008190AF7 3,465.12 1,3 2,400,000.00 PRN DEFINED
AFFILIATED COMP CL A 008190100 2,379.91 1,3 42,400.00 SH DEFINED 42,400
AGCO CORP COM 001084102 162.59 3 7,125.00 SH DEFINED 7,125
AGERE SYS INC-A CL A 00845V100 1,902.60 2,3 489,100.00 SH DEFINED 489,100
AGILENT TECH COM 00846U101 6,261.34 1,2,3 179,100.00 SH DEFINED 179,100
ALBERTA EN COM 012873105 3,156.41 2,3 71,900.00 SH DEFINED 71,900
ALCOA INC COM 013817101 5,585.52 1,2,3 148,000.00 SH DEFINED 148,000
ALLEGHENYEN INC COM 017361106 4,300.40 2,3 104,000.00 SH DEFINED 104,000
ALLSTATE CORP COM 020002101 778.06 1,3 20,600.00 SH DEFINED 20,600
ALLTEL CORP COM 020039103 5,582.78 2,3 100,500.00 SH DEFINED 100,500
AMBAC FIN GRP COM 023139108 6,497.70 1,2,3 110,000.00 SH DEFINED 110,000
AMERADA HESS COM 023551104 8,729.60 2,3 110,000.00 SH DEFINED 110,000
AMERICA ONLINE NOTE 02364JAC8 6,629.63 2,3 12,450,000.00 PRN DEFINED
AMERICAN EXP COM 025816109 2,662.40 1,2,3 65,000.00 SH DEFINED 65,000
AMERICAN INTLGR COM 026874107 4,342.11 1,2,3 60,190.00 SH DEFINED 60,190
AMERICAN NATINS COM 028591105 472.50 3 5,000.00 SH DEFINED 5,000
AMERICNPHYSCAP COM 028884104 549.90 3 28,200.00 SH DEFINED 28,200
AMERISORCEBRGEN COM 03073E105 2,807.81 1,3 41,110.00 SH DEFINED 41,110
AMGEN INC COM 031162100 10,432.06 1.2.3 174,800.00 SH DEFINED 174,800
AMNHALTHCARESER COM 001744101 403.50 2,3 15,000.00 SH DEFINED 15,000
ANADARKO PET COM 032511107 6,617.59 2,3 117,250.00 SH DEFINED 117,250
ANIXTERINTL COM 035290105 414.08 3 13,975.00 SH DEFINED 13,975
AON CORP COM 037389103 17,500.00 2,3 500,000.00 SH DEFINED 500,000
APACHE CORP COM 037411105 2,303.64 1,3 40,500.00 SH DEFINED 40,500
APPLIED MAT INC COM 038222105 3,527.55 1,3 65,000.00 SH DEFINED 65,000
ARDENRLTYGROUP COM 039793104 1,005.36 2,3 35,400.00 SH DEFINED 35,400
ARRIS GROUP COM 04269Q100 372.00 2,3 40,000.00 SH DEFINED 40,000
ARVINMERITORINC COM 043353101 416.12 3 14,575.00 SH DEFINED 14,575
AT&T CORP COM 001957109 5,573.52 1,3 355,001.00 SH DEFINED 355,001
AT&TWRLESS SER COM 00209A106 662.24 2,3 73,993.00 SH DEFINED 73,993
ATLASAIRWWHLDGS COM 049164106 645.33 2,3,4 49,000.00 SH DEFINED 49,000
AVAYA INC COM 053499109 759.41 1,2,3 102,901.00 SH DEFINED 102,901
AVAYA INC LYN21 053499AA7 1,848.69 1,2,3 4,500,000.00 PRN DEFINED
BARNES&NOBLE COM 067774109 1,750.32 1,3 56,480.00 SH DEFINED 56,480
BEA SYSTEMSINC COM 073325102 678.65 1,3 49,500.00 SH DEFINED 49,500
BEA SYSTEMSINC SBCV4% 073325AD4 1,959.31 1,3 2,350,000.00 PRN DEFINED
BECKMANCOULTER COM 075811109 306.42 3 6,000.00 SH DEFINED 6,000
BECTONDICKINSON COM 075887109 2,527.24 2,3 67,000.00 SH DEFINED 67,000
BEDFORDPPTY INV COMPR02 076446301 145.92 2,3 5,700.00 SH DEFINED 5,700
BELLSOUTH CORP COM 079860102 2,580.20 2,3 70,000.00 SH DEFINED 70,000
BISYS GROUP SBCV4 055472AB0 3,286.00 1,3 2,650,000.00 PRN DEFINED
BISYSGROUPC/THE COM 055472104 1,790.70 1,3 50,800.00 SH DEFINED 50,800
BKFCAPITALGR COM 05548G102 197.76 3 6,625.00 SH DEFINED 6,625
BOEING CO COM 097023105 1,294.31 3 26,825.00 SH DEFINED 26,825
BORGWARNERAUT COM 099724106 498.64 3 7,925.00 SH DEFINED 7,925
BOSTON PPTY COM 101121101 1,183.50 2,3 30,000.00 SH DEFINED 30,000
BOWNE&CO INC COM 103043105 436.87 3 31,050.00 SH DEFINED 31,050
BRANDYWINE SHINTNW 105368203 470.83 2,3 19,700.00 SH DEFINED 19,700
BRSTLMYERSQUIBB COM 110122108 5,073.40 2,3 125,300.00 SH DEFINED 125,300
BUCKHEADAMERICA COM 11835A105 3.88 2,3 21,579.00 SH DEFINED 21,579
BRLNGTONRESINC COM 122014103 1,431.21 2,3 35,700.00 SH DEFINED 35,700
CBLVISONSYS-CLA CLANY 12686C109 6,018.00 2,3 177,000.00 SH DEFINED 177,000
CARDINALHALTH COM 14149Y108 4,567.94 1,3 64,437.00 SH DEFINED 64,437
CARNIVAL CORP COM 143658102 12,282.93 1,2,3 376,200.00 SH DEFINED 376,200
CATELLUSDEV COM 149111106 2,118.93 2,3 107,724.00 SH DEFINED 107,724
CBRLGROUPINC COM 12489V106 1,226.47 3 43,600.00 SH DEFINED 43,600
CELESTICAINC SUBVTG 15101Q108 4,318.57 1,2,3 119,100.00 SH DEFINED 119,100
CELESTICAINC LYONZR 15101QAA6 10,535.33 1,2,3 24,380,000.00 PRN DEFINED
CENDANTCORP DEBT 151313AF0 10,126.18 1,2,3 14,005,000.00 PRN DEFINED
CENDANTCORP COM 151313103 6,347.52 1,2,3 330,600.00 SH DEFINED 330,600
CENTEXCORP COM 152312104 675.09 3 13,000.00 SH DEFINED 13,000
CEPHALONINC COM 156708109 1,827.00 3 29,000.00 SH DEFINED 29,000
CHARTERCOMM SBCV575 16117MAB3 3,690.12 2,3 4,200,000.00 PRN DEFINED
CHARTERCOMM-A CLA 16117M107 5,136.95 1,2,3 455,000.00 SH DEFINED 455,000
CHIRON CORP COM 170040109 11,054.90 1,2,3 240,900.00 SH DEFINED 240,900
CHIRON CORP LYNZR31 170040AE9 29,963.01 1,2,3 54,500,000.00 PRN DEFINED
CISCO SYS COM 17275R102 4,063.20 1,3 240,000.00 SH DEFINED 240,000
CITIGROUP COM 172967101 8,566.96 1,2,3 173,000.00 SH DEFINED 173,000
CLEAR CHANNEL NT2.625 184502AB8 3,056.94 2,3 3,000,000.00 PRN DEFINED
CLEAR CHANNEL NT1.5 184502AE2 6,337.50 2,3 6,500,000.00 PRN DEFINED
CLEAR CHANNEL COM 184502102 2,827.55 1,2,3 55,000.00 SH DEFINED 55,000
CLEVELANDCLFFS COM 185896107 372.35 3 16,925.00 SH DEFINED 16,925
CNA SURETY CORP COM 12612L108 412,748.46 2,3,4 27,425,147.00 SH DEFINED 27,425,147
CNF INC COM 12612W104 1,622.28 3 49,175.00 SH DEFINED 49,175
COCA COLA CO COM 191216100 1,567.80 1,3 30,000.00 SH DEFINED 30,000
COLT TEL SPNSADR 196877104 16.99 2,3 5,760.00 SH DEFINED 5,760
COMCAST CO CLASPL 200300200 3,180.00 1,3 100,000.00 SH DEFINED 100,000
COMMUN INTELL COM 20338K106 452.76 2,3 411,600.00 SH DEFINED 411,600
COMP ASS INTL COM 204912109 1,384.54 3 63,250.00 SH DEFINED 63,250
CONOCO INC COM 208251504 4,639.62 2,3 159,000.00 SH DEFINED 159,000
CONSTELLTON EGY COM 210371100 4,467.08 2,3 144,800.00 SH DEFINED 144,800
COOPER IND COM 216669101 1,558.44 3 37,150.00 SH DEFINED 37,150
CORRECTIONS PFDCV 22025Y308 0.04 2,3 2.00 SH DEFINED 2
CORRECTIONS COMNEW 22025Y407 27.56 2,3 2,120.00 SH DEFINED
CSX CORP COM 126408103 4,496.98 2,3 118,000.00 SH DEFINED 118,000
CYTEC IND COM 232820100 1,166.61 3 38,350.00 SH DEFINED 38,350
DEL MONTEFOODS COM 24522P103 353.93 3 36,375.00 SH DEFINED 36,375
DELL COMPUTER COM 247025109 2,088.80 1,3 80,000.00 SH DEFINED 80,000
DELPHI FINCLGRP CL A 247131105 5,003.20 2,3 127,600.00 SH DEFINED 127,600
DELTA AIR INC COM 247361108 327.20 3 10,000.00 SH DEFINED
DILLARDS CL A 254067101 760.54 3 31,875.00 SH DEFINED 31,875
DOLLAR THRIFTY COM 256743105 2,115.00 3 100,000.00 SH DEFINED 100,000
DOMINION RES COM 25746U109 1,629.00 1,2,3 25,000.00 SH DEFINED
DR HORTON INC COM 23331A109 13,572.00 2,3 360,000.00 SH DEFINED 360,000
DU PONT DE NEM COM 263534109 471.50 2,3 10,000.00 SH DEFINED 10,000
DUKE POWER CO WI 264399106 378.00 3 10,000.00 SH DEFINED 10,000
DYCOM IND INC COM 267475101 3,377.71 2,3 225,934.00 SH DEFINED 225,934
EATON VANCE CMNOVTG 278265103 4,242.69 1,2,3 106,200.00 SH DEFINED 106,200
ECHOSTAR COMM SB4.875 278762AD1 532.83 1,3 590,000.00 PRN DEFINED
ECHOSTAR COMM CL A 278762109 274.28 1,3 9,685.00 SH DEFINED 9,685
EL PASO CORP COM 28336L109 3,324.27 2,3 75,500.00 SH DEFINED 75,500
ELDERTRUST CMSHINT 284560109 1,644.78 2,3 208,200.00 SH DEFINED 208,200
ELEC DATA SYS SRCVZRO 285661AB0 20,425.08 1,2,3 26,000,000.00 PRN DEFINED
ELEC DATA SYS COM 285661104 13,952.39 1,2,3 240,600.00 SH DEFINED 240,600
ELI LILLY & CO COM 532457108 3,421.38 1,3 44,900.00 SH DEFINED 44,900
EMC CORP COM 268648102 5.72 2,3 480.00 SH DEFINED 480
ESTERLINE TECH COM 297425100 526.83 3 25,825.00 SH DEFINED 25,825
FIRST CITIZN BC CL A 31946M103 51.48 3 500.00 SH DEFINED 500
FIRST DATA CORP COM 319963104 4,798.75 1,3 55,000.00 SH DEFINED 55,000
FLEET BOSTONFIN COM 339030108 700.00 2,3 20,000.00 SH DEFINED 20,000
FLEMING COS INC COM 339130106 1,395.52 1,3 62,300.00 SH DEFINED 62,300
FMC CORP (NEW) COMNEW 302491303 1,841.34 3 43,925.00 SH DEFINED 43,925
FMC TECH INC COM 30249U101 530.14 3 26,600.00 SH DEFINED 26,600
FOOT LOCKER INC COM 344849104 2,129.29 1,.3 131,600.00 SH DEFINED 131,600
FORD MOTOR COM.01 345370860 15,665.50 1,2,3 950,000.00 SH DEFINED 950,000
FORTUNE BRANDS COM 349631101 1,271.28 3 25,750.00 SH DEFINED 25,750
FPL GROUP COM 302571104 1,191.00 2,3 20,000.00 SH DEFINED 20,000
FREDDIE MAC COM 313400301 10,392.68 1,3 164,000.00 SH DEFINED 164,000
FREEPORTMCMORAN CLB 35671D857 1,389.78 3 78,875.00 SH DEFINED 78,875
FRONTLINE LTD. ORD G3682E127 5,428.43 2,3 500,000.00 SH DEFINED 500,000
GABLES RESTRST SHINT 362418105 429.27 3 13,825.00 SH DEFINED 13,825
GEN SEMICONDCTR NOTE5.75370787AB9 993.00 3 1,000,000.00 PRN DEFINED
GENENTECH INC COMNEW 368710406 1,986.22 1,2,3 39,370.00 SH DEFINED 39,370
GENERAL CABLE COM 369300108 216.34 3 15,150.00 SH DEFINED 15,150
GENERAL ELEC COM 369604103 5,149.75 1,2,3 137,510.00 SH DEFINED 137,510
GENERAL MOTORS DEBSRCVB370442733 34,162.50 1,2,3 1,250,000.00 PRN DEFINED
GENERAL MOTORS DEBSRCVA370442741 18,564.00 1,2,3 700,000.00 PRN DEFINED
GENERAL MOTORS COM 370442105 16,321.50 1,2,3 270,000.00 SH DEFINED 270,000
GENERALMOT-HGHS CLH 370442832 4,647.13 2,3 282,500.00 SH DEFINED 282,500
GENUITY INC-A CLA 37248E103 152.25 2,3 175,000.00 SH DEFINED 175,000
GEORGIA-PAC CO COMGAPAC373298108 598.25 3 19,975.00 SH DEFINED 19,975
GLIMCHERRALTRST SHINT 379302102 795.80 3 42,900.00 SH DEFINED 42,900
GREAT LAKESREIT COM 390752103 1,101.10 2,3 65,000.00 SH DEFINED 65,000
HARRIS CORP COM 413875105 359.10 3 10,000.00 SH DEFINED 10,000
HCA INC COM 404119109 3,526.40 1,3 80,000.00 SH DEFINED 80,000
HEALTHCRE PPTYS COM 421915109 1,338.15 2,3 33,000.00 SH DEFINED 33,000
HEALTH NET INC COM 42222G108 1,570.25 3 57,225.00 SH DEFINED 57,225
HEALTHCRERLTY COM 421946104 7,150.54 2,3 235,525.00 SH DEFINED 235,525
HEALTHSOUTH SBCV3.35421924AF8 3,860.00 2,3 4,000,000.00 PRN DEFINED
HEALTHSOUTH COM 421924101 8,968.75 2,3 625,000.00 SH DEFINED 625,000
HEARST-ARGYLE COM 422317107 4,575.05 2,3 185,000.00 SH DEFINED 185,000
HERBALIFEINTL CL B 426908307 328.97 3 24,100.00 SH DEFINED 24,100
HERCULES NC COM 427056106 1,046.17 2,3 78,600.00 SH DEFINED 78,600
HEWLETT-PACK COM 428236103 2,656.47 2,3 148,075.00 SH DEFINED 148,075
HILTON HOTELS COM 432848109 357.50 2,3 25,000.00 SH DEFINED 25,000
HOME DEPOT COM 437076102 2,576.33 1,3 53,000.00 SH DEFINED 53,000
HONEYWEL INC COM 438516106 2,296.20 1,3 60,000.00 SH DEFINED 60,000
HOUSEHOLDINC COM 441815107 7,952.00 1,2,3 140,000.00 SH DEFINED 140,000
IMC GLOBAL INC COM 449669100 983.83 2,3 66,700.00 SH DEFINED 66,700
INGERSOLL RND CL A G4776G101 2,963.95 2,3 65,000.00 SH DEFINED 65,000
INSWEB CORP COM 45809K202 599.86 2,3 117,619.50 SH DEFINED 117,620
INTEL CORP COM 458140100 2,104.37 1,3 69,200.00 SH DEFINED 69,200
IBM COM 459200101 23,990.72 1,2,3 230,680.00 SH DEFINED 230,680
INTNL PAPER COM 460146103 4,301.00 2,3 100,000.00 SH DEFINED 100,000
INTERSTATE BAK COM 46072H108 194.89 3 8,050.00 SH DEFINED 8,050
INTL RECTIFIER COM 460254105 585.79 1,3 12,900.00 SH DEFINED 12,900
IONICS INC COM 462218108 961.80 2,3 30,000.00 SH DEFINED 30,000
IPC HOLDINGS ORD G4933P101 791.22 2,3 24,575.00 SH DEFINED 24,575
IVAX CORP COM 465823102 971.43 1,3 60,525.00 SH DEFINED 60,525
IVAX CORP SRSBCV 465823AD4 2,148.00 1,3 2,400,000.00 PRN DEFINED
JOHNSON&JOHNSON COM 478160104 1,321.08 1,2,3 20,340.00 SH DEFINED 20,340
JOY GLOBAL INC COM 481165108 370.01 2,3 22,700.00 SH DEFINED 22,700
KELLWOOD CO COM 488044108 637.61 3 26,250.00 SH DEFINED 26,250
KENNAMETAL INC COM 489170100 404.30 3 10,000.00 SH DEFINED 10,000
KERR MCGEE COM 492386107 8,799.00 2,3 140,000.00 SH DEFINED 140,000
KEY3MEDIA GR COM 49326R104 178.78 3 38,950.00 SH DEFINED 38,950
KEYSPAN CORP COM 49337W100 4,366.80 2,3 120,000.00 SH DEFINED 120,000
KINDREDHALTHCRE COM 494580103 12.72 2.3 314.00 SH DEFINED 314
KULICKE&SOFFA SUB5.75 501242AE1 3,747.56 1,3 3,450,000.00 PRN DEFINED
KULICKE&SOFFA COM 501242101 2,193.37 1,3 105,400.00 SH DEFINED 105,400
L-3 COMM COM 502424104 2,617.44 1,3 23,370.00 SH DEFINED 23,370
LABORATORYCRP COMNEW 50540R409 9,365.52 1,2,3 97,700.00 SH DEFINED 97,700
LAM RESEARCH COM 512807108 804.25 1,3 27,430.00 SH DEFINED 27,430
LAMAR ADVRTSNG NT5.25 512815AF8 2,977.52 1,3 2,800,000.00 PRN DEFINED
LAMAR ADVRTSNG CL A 512815101 1,586.21 1,3 39,050.00 SH DEFINED 39,050
LATTICESEMICOND SUB4.75 518415AC8 2,618.44 1,3 2,450,000.00 PRN DEFINED
LATTICESEMICOND COM 518415104 1,556.66 1,3 88,800.00 SH DEFINED 88,800
LEAR CORP COM 521865105 1,269.73 3 26,675.00 SH DEFINED 26,675
LIBERTY MEDIA COMA 530718105 17,039.33 1,2,3 1,348,048.00 SH DEFINED 1,348,048
LINCOLN NA IND COM 534187109 4,565.70 2,3 90,000.00 SH DEFINED 90,000
LOCKHEED MART COM 539830109 2,706.26 1.3 47,000.00 SH DEFINED 47,000
LONGVIEWFIBRECO COM 543213102 1,979.66 2,3 192,200.00 SH DEFINED 192,200
LORALSPACE&COMM COM G56462107 973.52 2,3 378,800.00 SH DEFINED 378,800
LOWESCO NTE.861 548661CG0 19,035.20 1,2,3 20,000,000.00 PRN DEFINED
LOWE'S COS INC COM 548661107 8,901.53 1,2,3 204,680.00 SH DEFINED 204,680
LSI CORP COM 502161102 542.30 1,3 31,900.00 SH DEFINED 31,900
LSI LOGIC SB4.25 502161AD4 1,055.15 1,3 910,000.00 PRN DEFINED
LUBRIZOL CORP COM 549271104 1,382.03 3 39,725.00 SH DEFINED 39,725
LUCENT TECH COM 549463107 10,230.99 1,2,3 2,163,000.00 SH DEFINED 2,163,000
MARATHON OIL COM 565849106 6,842.88 1,2,3 237,600.00 SH DEFINED 237,600
MBIA INC COM 55262C100 1,367.25 2,3 25,000.00 SH DEFINED 25,000
MEDTRONIC INC COM 585055106 6,465.03 1,2,3 143,000.00 SH DEFINED 143,000
MERRILL LYNCH COM 590188108 8,799.88 1,2,3 158,900.00 SH DEFINED 158,900
METLIFE INC COM 59156R108 6,804.00 2,3 216,000.00 SH DEFINED 216,000
MICRON TECH COM 595112103 1,809.50 1,3 55,000.00 SH DEFINED 55,000
MICROSOFT CORP COM 594918104 3,317.05 1,2,3 55,000.00 SH DEFINED 55,000
MILACRON INC COM 598709103 622.63 3 42,675.00 SH DEFINED 42,675
MONSANTO CO COM 61166W101 528.34 3 16,725.00 SH DEFINED 16,725
MORGAN STNLY DW COMNEW 617446448 29.80 2,3 520.00 SH DEFINED 520
MORGANSTNLYIND COM 61745C105 779.48 2,3 78,026.00 SH DEFINED 78,026
MSDW ASIA PAC COM 61744U106 2,855.15 2,3 335,900.00 SH DEFINED 335,900
NABORS INDSINC DBCV 629568AF3 8,622.75 2.3 15,000,000.00 PRN DEFINED
NABORS IND COM 629568106 380.25 1,3 9,000.00 SH DEFINED 9,000
NACCO IND CL A 629579103 601.58 3 9,075.00 SH DEFINED 9,075
NATIONWIDE FIN CL A 638612101 2,140.00 2,3 50,000.00 SH DEFINED 50,000
NEIMAN MARCUS CL B 640204301 222.70 2,3 6,800.00 SH DEFINED 6,800
NEWHALL LANDLP DEPREC 651426108 4,084.65 2,3 130,500.00 SH DEFINED 130,500
NEWMONT MIN CO COM 651639106 4,984.20 2,3 180,000.00 SH DEFINED 180,000
NEWS AMER INC NOTE 652482AZ3 21,932.66 1,2,3 46,500,000.00 PRN DEFINED
NEWS -SPNSADR ADRNEW 652487703 567.60 2,3 20,000.00 SH DEFINED 20,000
NEWS -SPONS ADR PRF 652487802 10,111.20 1,2,3 421,300.00 SH DEFINED 421,300
NIKE INC CL B CL B 654106103 2,100.35 1.3 35,000.00 SH DEFINED 35,000
NOKIA CORP SPNSADR 654902204 1,037.00 1,3 50,000.00 SH DEFINED 50,000
NORFOLKSOUTHERN COM 655844108 13,526.10 2,3 565,000.00 SH DEFINED 565,000
NORTH FORK BANC COM 659424105 3,556.00 2,3 100,000.00 SH DEFINED 100,000
NOVELLUS SYS NOTE7/2 670008AB7 4,118.24 1,2,3 4,000,000.00 PRN DEFINED
NOVELLUS SYS COM 670008101 259.87 1,2,3 4,800.00 SH DEFINED 4,800
NVIDIA CORP COM 67066G104 1,849.81 1,3 41,700.00 SH DEFINED 41,700
NVIDIA CORP SBNT475 67066GAA2 2,728.13 1,3 2,250,000.00 PRN DEFINED
OCEAN ENERGY COM 67481E106 959.82 3 48,500.00 SH DEFINED 48,500
OLD REPUBLIC COM 680223104 8,209.90 1,2,3 256,800.00 SH DEFINED 256,800
OMNICOM GROUP COM 681919106 4,842.72 1,2,3 51,300.00 SH DEFINED 51,300
OMNICOM GROUP NOTE 681919AK2 24,714.48 1,2,3 24,000,000.00 PRN DEFINED
ON COMMNDCLBWTS WTBEX 682160122 23.39 2,3 123,130.00 SH CALL DEFINED 123,130
OWENS-ILL INC PFDCONV 690768502 527.88 2,3 20,500.00 SH DEFINED 20,500
PALL CORP COM 696429307 2,049.00 2,3 100,000.00 SH DEFINED 100,000
PATHMARKSTRS COM 70322A101 17,589.65 2,3 734,432.00 SH DEFINED 734,432
PAXSON COMM COM 704231109 577.59 2,3 52,700.00 SH DEFINED 52,700
PAYCHEX INC COM 704326107 22.23 2,3 560.00 SH DEFINED 560
PAYLESS SHOES COM 704379106 1,730.77 3 28,350.00 SH DEFINED 28,350
PEABODY ENG COM 704549104 2,026.50 1,3 70,000.00 SH DEFINED 70,000
PEPSI BOTTLING COM 713409100 5,174.00 2,3 200,000.00 SH DEFINED 200,000
PEPSICO INC COM 713448108 4,223.00 1,3 82,000.00 SH DEFINED 82,000
PERFORMANCEFOOD SBNT5.5 713755AA4 3,159.00 1,3 2,600,000.00 PRN DEFINED
PERFORMANCEFD COM 713755106 2,124.53 1,3 65,050.00 SH DEFINED 65,050
PFIZER INC COM 717081103 5,285.42 1,3 133,000.00 SH DEFINED 133,000
PHARMACIA CORP COM 71713U102 5,193.22 2,3 115,200.00 SH DEFINED 115,200
PHILLIPS PET CO COM 718507106 2,917.06 1,2,3 46,450.00 SH DEFINED 46,450
PHOENIX CO INC COM 71902E109 2,304.00 2,3 120,000.00 SH DEFINED 120,000
PIONEER STNDRD COM 723877106 484.28 3 34,225.00 SH DEFINED 34,225
PLACER DOME COM 725906101 1,153.09 2,3 94,130.00 SH DEFINED 94,130
PLUM CREEK TIMB COM 729251108 1,485.50 2,3 50,000.00 SH DEFINED 50,000
POTOMACELECPOW COM 737679100 380.61 2,3 16,300.00 SH DEFINED 16,300
PPL CORPORATION COM 69351T106 3,168.80 2,3 80,000.00 SH DEFINED 80,000
PRECISION DRILL COM 74022D100 1,061.07 3 33,200.00 SH DEFINED 33,200
PRESIDENTIALLIFECOM 740884101 187.12 3 8,225.00 SH DEFINED 8,225
PRIME HOSPIT COM 741917108 83.83 1,2,3 6,375.00 SH DEFINED 6,375
PROSPECTST INC COM 743590101 1,058.61 2,3 157,063.99 SH DEFINED 157,064
PROVINCE HLTHC SBNT4.5 743977AC4 1,914.75 1,3 1,850,000.00 PRN DEFINED
PROVINCEHLTHCRE COM 743977100 1,029.35 1,3 32,400.00 SH DEFINED 32,400
PRUDENTIAL FIN COM 744320102 5,946.08 2,3 191,500.00 SH DEFINED 191,500
PUBLIC SVCNM COM 69349H107 565.68 3 18,450.00 SH DEFINED 18,450
PULTE CORP COM 745867101 9,378.60 1,2,3 196,000.00 SH DEFINED 196,000
QUALCOMM INC COM 747525103 2,070.20 1,3 55,000.00 SH DEFINED 55,000
QUANTUM-DLTSTOR COMDSSG 747906204 943.26 3 118,500.00 SH DEFINED 118,500
QWEST COMM COM 749121109 1,644.00 2,3 200,000.00 SH DEFINED 200,000
RH DONNELLEY COMNEW 74955W307 520.35 3 17,100.00 SH DEFINED 17,100
RADIAN GROUP COM 750236101 1,229.45 3 25,050.00 SH DEFINED 25,050
RAYTHEON CO COMNEW 755111507 3,234.74 2,3 78,800.00 SH DEFINED 78,800
REGENERON PHRM NOTE5.5 75886FAB3 2,749.50 2,3 2,600,000.00 PRN DEFINED
REPUBLIC BNCRP COM 760282103 419.37 3 29,955.00 SH DEFINED 29,955
SARA LEE CORP COM 803111103 851.68 3 41,025.00 SH DEFINED 41,025
SCANA CORP COM 80589M102 14,596.20 2,3 477,000.00 SH DEFINED 477,000
SCHLUMBERGER COM 806857108 3,446.85 1,3 58,600.00 SH DEFINED 58,600
SCUDDER INTRMD SHBNNT 811163104 1,021.64 2,3 149,800.00 SH DEFINED 149,800
SEMTECH CORP SBNT4.5 816850AD3 2,643.36 1,3 2,400,000.00 PRN DEFINED
SENIOR HOUSING SHINT 81721M109 432.00 2,3 30,000.00 SH DEFINED 30,000
SERVICEMASTR CO COM 81760N109 1,034.69 3 75,250.00 SH DEFINED 75,250
SHERWIN WLLAMS COM 824348106 964.76 3 33,875.00 SH DEFINED 33,875
SIERRA PACIFIC COM 826428104 413.09 3 27,375.00 SH DEFINED 27,375
SIRIUS SAT RDIO COM 82966U103 8,614.00 2,3 1,619,172.00 SH DEFINED 1,619,172
SLI INC COM 78442T108 15.56 3 6,100.00 SH DEFINED 6,100
SOUTHTRUST CORP COM 844730101 404.58 3 15,325.00 SH DEFINED 15,325
SPANISH BROAD CLA 846425882 3,317.04 2,3 244,800.00 SH DEFINED 244,800
SPRINT CORP(PCS)EU 852061605 21,483.00 1,2,3 1,540,000.00 SH DEFINED 1,540,000
SPRINT CORP-FON COMFON 852061100 611.60 2,3,4 40,000.00 SH DEFINED 40,000
SPRINT CORP PCSCOM1 852061506 15,059.70 1,2,3,4 1,463,528.00 SH DEFINED 1,463,528
STARGASPART SRSBUN 85512C204 498.75 2,3 34,829.00 SH DEFINED 34,829
STARBUCKS COM 855244109 1,619.10 3 70,000.00 SH DEFINED 70,000
STEIN MART INC COM 858375108 124.87 3 12,475.00 SH DEFINED 12,475
SUN MICROSYS COM 866810104 14.55 1,2,3 1,650.00 SH DEFINED 1,650
SUPERVALU INC NT11/0 868536AN3 3,786.25 2,3 13,000,000.00 PRN DEFINED
TARGET CORP COM 87612E106 2,587.20 1,3 60,000.00 SH DEFINED 60,000
TEEKAY SHIPPING COM Y8564W103 16,089.89 2,3 441,000.00 SH DEFINED 441,000
TEJON RANCH COM 879080109 1,167.49 2,3 37,300.00 SH DEFINED 37,300
TELLABS INC COM 879664100 1,068.20 3 102,025.00 SH DEFINED 102,025
TENET HALTHCRE COM 88033G100 469.14 1,3 7,000.00 SH DEFINED 7,000
THE GAP INC COM 364760108 706.13 3 46,950.00 SH DEFINED 46,950
TJX COS INC NOTE 872540AL3 9,035.26 1,2,3 11,800,000.00 PRN DEFINED
TJX COS. INC COM 872540109 4,625.16 1,2,3 115,600.00 SH DEFINED 115,600
TRANSOCEAN DBCV 893830AA7 2,995.50 2,3 5,000,000.00 PRN DEFINED
TRANSOCEON ORD G90078109 1,880.59 1,3 55,606.00 SH DEFINED 55,606
TRENWICKGROUP COM G9032C109 70,959.64 2,3 7,414,800.00 SH DEFINED 7,414,800
TRIBUNE CONEW COM 896047107 5,909.80 1,2,3 130,000.00 SH DEFINED 130,000
TRINITY IND COM 896522109 359.18 3 14,775.00 SH DEFINED 14,775
TRIZECHAHNCORP SUBVTG 896938107 3,093.58 2,3 195,425.00 SH DEFINED 195,425
TYCO INTL COM 902124106 1,034.24 1,2,3 32,000.00 SH DEFINED 32,000
UCAR INTL COM 90262K109 74.91 3 5,275.00 SH DEFINED 5,275
UNION PACIFIC COM 907818108 1,205.52 3 19,400.00 SH DEFINED 19,400
UNITED PARCEL CL B 911312106 2,401.60 1,3 39,500.00 SH DEFINED 39,500
UNIVERSALCRP-VA COM 913456109 548.09 3 13,925.00 SH DEFINED 13,925
UNOCAL CORP COM 915289102 973.75 2,3 25,000.00 SH DEFINED 25,000
US BANCORP COMNEW 902973304 4,288.30 2,3 190,000.00 SH DEFINED 190,000
USFREIGHTWAYS COM 916906100 450.97 3 12,725.00 SH DEFINED 12,725
VALERO ENERGY COM 91913Y100 12,875.20 2,3 260,000.00 SH DEFINED 260,000
VENATOR GROUP NOTE5.5 922944AB9 3,006.25 3 2,500,000.00 PRN DEFINED
VENTAS INC COM 92276F100 2,564.79 2,3 202,750.00 SH DEFINED 202,750
VISHAY INTRTCH COM 928298108 456.90 1,3 22,463.00 SH DEFINED 22,463
WACHOVIA CORP COM 929903102 1,483.20 2,3 40,000.00 SH DEFINED 40,000
WACKENHUT-CL B COMSERB 929794303 651.40 2,3 20,000.00 SH DEFINED 20,000
WAL MART STORES COM 931142103 3,953.21 1,3 64,500.00 SH DEFINED 64,500
WASHINGTON MUT COM 939322103 1,059.33 3 31,975.00 SH DEFINED 31,975
WELLS FARGO CO COM 949746101 4,940.00 1,3 100,000.00 SH DEFINED 100,000
WESTERN RES COM 959425109 2,265.52 2,3 132,100.00 SH DEFINED 132,100
WEYERHAEUSER COM 962166104 314.30 3 5,000.00 SH DEFINED 5,000
WILLIAMS COSINC COM 969457100 2,410.47 3,4 102,312.00 SH DEFINED 102,312
XEROX CORP COM 984121103 7,927.05 1,2,3 737,400.00 SH DEFINED 737,400
XLCPTL LTD CL A G98255105 1,200.62 3 13,000.00 SH DEFINED 13,000
YOUNG BRDCSTNG CL A 987434107 2,234.11 2,3 89,400.00 SH DEFINED 89,400