FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2001
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: Group Vice President and Deputy General Counsel
Phone: (312) 822 4921
Signature, Place, and Date of Signing:
May 9, 2001
Chicago, Illinois,
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934
Loews Corporation also has investment discretion over the securities reported on
herein by CNA Financial Corportion, Continental Assurance Company, Continental
Casualty Company, and The Continental Corporation. Loews Corporation will report
separately on securities over which it has investment discretion which are not
part of such holdings.
FORM 13F INFORMATION TABLE
VALUE OTHER SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x1000) MANAGERS PRN AMT PRN CALL DSCRETN SOLE SHARED NONE
-----------------------------------------------------------------------------------------------------------------------------
AGCO CORP COM 001084102 3,086.4 2,3 321,500 SH DEFINED 321,500 0 0
AK STEEL HOLDING CORP COM 001547108 2,902.4 2,3 288,800 SH DEFINED 288,800 0 0
AMR CORP COM 001765106 3,160.8 2,3 90,000 SH DEFINED 90,000 0 0
AOL TIME WARNER COM 00184A105 2,529.5 1,3 63,000 SH DEFINED 63,000 0 0
AT & T CORPORATION COM 001957109 6,955.8 2,3,4 326,565 SH DEFINED 326,565 0 0
LIBERTY MEDIA COM LIB GRP A 001957208 7,532.7 1,3 538,048 SH DEFINED 538,048 0 0
A T & T WIRELESS GROUP COM WIRLES GRP 001957406 7,672.0 2,3 400,000 SH DEFINED 400,000 0 0
ACME COMMUNICATIONS INC COM 004631107 5,894.6 2,3 558,095 SH DEFINED 558,095 0 0
ADELPHIA COMMUNICATIONS-CL A CL A 006848105 14,681.3 2,3 362,500 SH DEFINED 362,500 0 0
AFFILIATED COMPUTER SVCS-A CL A 008190100 2,135.2 1,3 32,900 SH DEFINED 32,900 0 0
AFFIL COMPUTER SB NT CV 4% 05 008190AD2 2,760.6 1,3 1,720,000 PRN DEFINED
AGILENT TECHNOLOGIES INC COM 00846U101 921.9 1,3 30,000 SH DEFINED 30,000 0 0
AKAMAI TECH SB NT CV 5% 07 00971TAC5 1,550.0 2,3 4,000,000 PRN DEFINED
ALCOA INC COM 013817101 8,124.7 1,2,3 226,000 SH DEFINED 226,000 0 0
ALLEGHENY ENERGY INC COM 017361106 1,447.9 2,3 31,300 SH DEFINED 31,300 0 0
ALLIN COMMUNICATIONS CORP COM 019924109 191.1 2,3 340,000 SH DEFINED 340,000 0 0
ALLTEL CORP COM 020039103 5,290.7 2,3,4 100,852 SH DEFINED 100,852 0 0
AMBAC FINANCIAL GROUP INC COM 023139108 5,708.7 2,3 90,000 SH DEFINED 90,000 0 0
AMERADA HESS COM 023551104 9,765.0 2,3 125,000 SH DEFINED 125,000 0 0
AMERICA WEST HOLDINGS CL B 023657208 204.3 1,3 21,278 SH DEFINED 21,278 0 0
AMERICAN BUSINESS FINL SVCS COM 02476B106 256.7 2,3 25,042 SH DEFINED 25,042 0 0
AMERICAN CAPITAL STRATEGIES COM 024937104 4,133.5 2,3 162,500 SH DEFINED 162,500 0 0
AMERICAN EXPRESS COM 025816109 3,510.5 1,3 85,000 SH DEFINED 85,000 0 0
AMERICAN INTL GROUP INC COM 026874107 1,102.0 2,3 13,690 SH DEFINED 13,690 0 0
AMERICAN TOWER CORP -CL A CL A 029912201 377.4 1,3 20,400 SH DEFINED 20,400 0 0
AMERICAN TOWER NT CV 144A 5% 10 029912AE2 756.0 1,3 960,000 PRN DEFINED
AMERICAN TOWER NT CONV 5%10 029912AF9 464.6 1,3 590,000 PRN DEFINED
AMERISOURCE HEALTH CORP-CL A CL A 03071P102 1,721.7 1,3 35,100 SH DEFINED 35,100 0 0
AMERISOURCE HEAL SB NT CV 144A 07 03071PAB8 2,948.1 1,3 2,480,000 PRN DEFINED
AMKOR TECHNOLOGY INC COM 031652100 1,141.8 2,3 70,000 SH DEFINED 70,000 0 0
ANADARKO PETROLEUM CORP COM 032511107 7,361.0 2,3 117,250 SH DEFINED 117,250 0 0
ANHEUSER BUSCH CO COM 035229103 1,612.1 2,3 35,100 SH DEFINED 35,100 0 0
ANTEC CORP COM 03664P105 291.2 2,3 40,000 SH DEFINED 40,000 0 0
ANTEC CORP SB NT CV 144A 03 03664PAA3 1,442.8 2,3 2,250,000 PRN DEFINED
AON CORP COM 037389103 20,235.0 2,3 570,000 SH DEFINED 570,000 0 0
APACHE CORP COM 037411105 1,440.3 2,3 25,000 SH DEFINED 25,000 0 0
APPLIED BIOSYSTEMS GROUP COM AP BIO GRP 038020103 277.5 3 10,000 SH DEFINED 10,000 0 0
APPLIED MATERIALS INC. COM 038222105 4,132.5 1,3 95,000 SH DEFINED 95,000 0 0
ARGUSS COMMUNICATIONS INC COM 040282105 3,590.8 2,3 608,612 SH DEFINED 608,612 0 0
AT HOME CORP -SER A COM SER A 045919107 1,904.0 2,3 425,000 SH DEFINED 425,000 0 0
AT HOME CORP SB DB CV0.525%18 045919AC1 2,703.8 2,3 7,000,000 PRN DEFINED
EXCITE@HOME SB NT CV 144A 06 045919AD9 12,146.3 1,2,3 20,500,000 PRN DEFINED
AT HOME CORP SUB NT CV4.75%06 045919AF4 19,256.3 1,2,3 32,500,000 PRN DEFINED
BANK ONE CORP COM 06423A103 9,026.9 2,3 249,500 SH DEFINED 249,500 0 0
BAYCORP HOLDINGS LTD COM 072728108 3,091.5 1,3 386,442 SH DEFINED 386,442 0 0
BEA SYSTEMS INC COM 073325102 1,574.5 1,3 53,600 SH DEFINED 53,600 0 0
BEA SYSTEMS INC SB NT CV 4%06 073325AD4 2,469.4 1,3 2,250,000 PRN DEFINED
BEAR STEARNS COMPANIES INC COM 073902108 3,201.8 2,3 70,000 SH DEFINED 70,000 0 0
BELLSOUTH CORP COM 079860102 1,023.0 2,3 25,000 SH DEFINED 25,000 0 0
BELO CORPORATION COM SER A 080555105 4,117.5 2,3 250,000 SH DEFINED 250,000 0 0
BETHLEHEM STEEL CORP COM 087509105 728.7 2,3 301,100 SH DEFINED 301,100 0 0
BEVERLY ENTERPRISES INC COM NEW 087851309 4,850.4 2,3 606,300 SH DEFINED 606,300 0 0
BOEING COMPANY COM 097023105 5,571.0 2,3 100,000 SH DEFINED 100,000 0 0
BOWATER INC COM 102183100 3,877.3 2,3 81,800 SH DEFINED 81,800 0 0
BROADWING INC PFD CV DEP1/20 111620407 470.0 3 10,000 SH DEFINED 10,000 0 0
BUCKHEAD AMERICA CORP COM 11835A105 67.4 2,3 21,579 SH DEFINED 21,579 0 0
BURLINGTON NORTHERN SANTA FE COM 12189T104 2,157.0 2,3 71,000 SH DEFINED 71,000 0 0
BURLINGTON RESOURCES INC COM 122014103 4,027.5 2,3 90,000 SH DEFINED 90,000 0 0
CMS ENERGY ADJ CV TR8.75% 125896308 340.4 3 10,000 SH DEFINED 10,000 0 0
CNA INCOME SHARES INC COM 126119106 1,194.6 2,3 141,037 SH DEFINED 141,037 0 0
CNA SURETY CORPORATION COM 12612L108 364,206.0 2,3,4 27,425,147 SH DEFINED 27,425,147 0 0
CABOT OIL & GAS CORP -CL A CL A 127097103 1,123.2 2,3 41,600 SH DEFINED 41,600 0 0
CALPINE CORPORATION COM 131347106 7,395.9 1,2,3 134,300 SH DEFINED 134,300 0 0
CANADIAN NATL RAILWAY CO COM 136375102 8.4 1,3 224 SH DEFINED 224 0 0
CAPITAL ONE FINANCIAL CORP COM 14040H105 2,775.0 2,3 50,000 SH DEFINED 50,000 0 0
CARDINAL HEALTH INC. COM 14149Y108 5,768.7 1,3 59,625 SH DEFINED 59,625 0 0
CATERPILLAR INC COM 149123101 1,109.5 2,3 25,000 SH DEFINED 25,000 0 0
CELESTICA INC SUB VTG SHS 15101Q108 6,837.1 1,2,3 247,900 SH DEFINED 247,900 0 0
CELESTICA INC LYON ZERO 20 15101QAA6 28,179.9 1,2,3 79,380,000 PRN DEFINED
CHEVRON CORP COM 166751107 1,756.0 2,3 20,000 SH DEFINED 20,000 0 0
CISCO SYSTEMS INC COM 17275R102 2,371.9 1,3 150,000 SH DEFINED 150,000 0 0
CITIGROUP INC COM 172967101 4,857.8 1,3 108,000 SH DEFINED 108,000 0 0
CLEAR CHANNEL COMMUNICATIONS COM 184502102 5,173.1 1,2,3 95,006 SH DEFINED 95,006 0 0
COLT TELECOM GRP-SPONS ADR SPONSORED ADR 196877104 127.3 2,3 3,000 SH DEFINED 3,000 0 0
COMCAST CORP CL A SPL CL A SPL 200300200 7,800.4 1,2,3 186,000 SH DEFINED 186,000 0 0
COMMUNICATION INTELLIGENCE COM 20338K106 1,113.4 2,3 660,000 SH DEFINED 660,000 0 0
COMPUTER ASSOCIATES INTL INC COM 204912109 4,365.6 2,3 160,500 SH DEFINED 160,500 0 0
CONAGRA INC COM 205887102 729.6 2,3 40,000 SH DEFINED 40,000 0 0
CONECTIV COM 206829103 1,767.7 2,3 80,900 SH DEFINED 80,900 0 0
CONOCO INC-CL A CL A 208251306 2,107.5 2,3 75,000 SH DEFINED 75,000 0 0
CONSTELLATION ENERGY GROUP COM 210371100 2,866.5 2,3 65,000 SH DEFINED 65,000 0 0
CONVERGYS CORP COM 212485106 360.7 3 10,000 SH DEFINED 10,000 0 0
CORN PRODUCTS INTL INC COM 219023108 3,323.0 2,3 129,500 SH DEFINED 129,500 0 0
CORNING INC. COM 219350105 1,783.5 1,2,3 86,200 SH DEFINED 86,200 0 0
CORRECTIONS CORP PFD CV B 12% 22025Y308 0.9 2,3 95 SH DEFINED 95 0 0
COX COMMUNICATIONS INC-CL A CL A 224044107 2,224.5 1,2,3 50,000 SH DEFINED 50,000 0 0
CYANOTECH CORP NEW COM NEW 232437202 420.8 3,4 408,155 SH DEFINED 408,155 0 0
D.R. HORTON INC COM 23331A109 5,097.2 2,3 241,000 SH DEFINED 241,000 0 0
DEERE & CO COM 244199105 2,543.8 2,3 70,000 SH DEFINED 70,000 0 0
DEL MONTE FOODS CO COM 24522P103 1,989.4 2,3 244,400 SH DEFINED 244,400 0 0
DELPHI AUTOMOTIVE SYSTEMS COM 247126105 1,802.4 2,3 127,200 SH DEFINED 127,200 0 0
DELPHI FINANCIAL GROUP-CL A CL A 247131105 3,256.0 2,3 110,000 SH DEFINED 110,000 0 0
DELTA AIR INC COM 247361108 3,977.7 2,3 100,700 SH DEFINED 100,700 0 0
DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 2,369.0 3 115,000 SH DEFINED 115,000 0 0
DOW CHEMICAL CORP COM 260543103 8,681.8 2,3 275,000 SH DEFINED 275,000 0 0
DU PONT DE NEMOURS E.I. COM 263534109 1,221.0 2,3 30,000 SH DEFINED 30,000 0 0
DUKE POWER CO. COM 264399106 6,718.7 1,2,3 157,200 SH DEFINED 157,200 0 0
DUKE ENERGY CORP CORP UNITS 264399585 12,581.0 1,2,3 460,000 SH DEFINED 460,000 0 0
EMC CORPORATION COM 268648102 1,805.2 1,3 61,400 SH DEFINED 61,400 0 0
EAST-WEST BANCORP INC. COM 27579R104 23,446.5 2,3 1,218,000 SH DEFINED 1,218,000 0 0
ECHOSTAR COMMUNICATIONS - A CL A 278762109 633.5 1,3 22,880 SH DEFINED 22,880 0 0
ECHOSTAR COMM SUB NT CV 144A 07 278762AB5 1,145.6 1,3 1,300,000 PRN DEFINED
ELDERTRUST COM SH BEN INT 284560109 720.5 2,3 200,700 SH DEFINED 200,700 0 0
EMERSON ELECTRIC COMPANY COM 291011104 3,038.0 1,3 49,000 SH DEFINED 49,000 0 0
ENCOMPASS SERVICES CORP COM 29255U104 335.1 2,3 68,397 SH DEFINED 68,397 0 0
ENERGY EAST CORPORATION COM 29266M109 2,349.2 2,3 135,400 SH DEFINED 135,400 0 0
ENRON CORP COM 293561106 13,014.4 1,2,3 224,000 SH DEFINED 224,000 0 0
EXIGENT INTERNATIONAL INC COM 302056106 0.2 1,3 125 SH DEFINED 125 0 0
EXODUS COMMUNICATIONS INC COM 302088109 21.5 2,3 2,000 SH DEFINED 2,000 0 0
FPL GROUP COM 302571104 4,904.0 2,3 80,000 SH DEFINED 80,000 0 0
FEDERAL HM LOAN MORTGAGE CORP COM 313400301 2,982.2 1,3 46,000 SH DEFINED 46,000 0 0
FIRST DATA CORP COM 319963104 3,881.2 1,3 65,000 SH DEFINED 65,000 0 0
FIRST UNION CORP COM 337358105 2,475.0 2,3 75,000 SH DEFINED 75,000 0 0
FRIEDMAN BILLINGS RAMSEY-A CL A 358433100 279.5 2,3 51,000 SH DEFINED 51,000 0 0
GENENTECH INC COM NEW 368710406 1,969.5 1,3 39,000 SH DEFINED 39,000 0 0
GENERAL COMMUNICATION -CL A CL A 369385109 71.2 1,3 7,913 SH DEFINED 7,913 0 0
GENERAL DYNAMICS CORP. COM 369550108 1,882.2 1,3 30,000 SH DEFINED 30,000 0 0
GENERAL ELECTRIC CO COM 369604103 5,399.9 1,3 129,000 SH DEFINED 129,000 0 0
GENERAL MOTORS CORP COM 370442105 2,725.4 2,3 52,563 SH DEFINED 52,563 0 0
GENERAL MOTORS CORP CLASS H CL H NEW 370442832 3,588.0 1,2,3 184,000 SH DEFINED 184,000 0 0
GENERAL SEMICONDUCTOR INC COM 370787103 406.3 1,3 42,900 SH DEFINED 42,900 0 0
GEN SEMICONDUCTR SUB NT CV5.75%06 370787AB9 852.5 1,3 1,000,000 PRN DEFINED
GEORGIA-PACIFIC CORP COM GA PAC GRP 373298108 2,058.0 2,3 70,000 SH DEFINED 70,000 0 0
GOLD STANDARD INC COM PAR $0.001 380724302 134.6 2,3 82,813 SH DEFINED 82,813 0 0
GRAPHIC PACKAGING INTL CORP COM 388690109 0.0 3,4 2 SH DEFINED 2 0 0
GULF CANADA RES LTD -ORD ORD 40218L305 4,227.3 2,3 771,400 SH DEFINED 771,400 0 0
THE HEALTHCARE COMPANY COM 404119109 3,221.6 1,3 80,000 SH DEFINED 80,000 0 0
HAIN CELESTIAL GROUP INC COM 405217100 1,885.0 1,3 65,000 SH DEFINED 65,000 0 0
HAYES LEMMERZ INTL INC COM COM 420781106 1,587.5 2,3 284,500 SH DEFINED 284,500 0 0
HEALTH CARE PPTYS INVEST INC COM 421915109 2,170.9 2,3 64,000 SH DEFINED 64,000 0 0
HEALTHSOUTH CORP. COM 421924101 6,451.4 2,3 500,500 SH DEFINED 500,500 0 0
HEALTHSOUTH CORP SB DB CV 3.25%03 421924AF8 3,628.4 2,3 4,000,000 PRN DEFINED
HEALTHCARE REALTY TRUST INC COM 421946104 5,328.5 2,3 221,100 SH DEFINED 221,100 0 0
HEARST-ARGYLE TELEVISION INC COM 422317107 4,941.9 2,3 239,900 SH DEFINED 239,900 0 0
HERCULES INC COM 427056106 1,948.5 2,3 150,000 SH DEFINED 150,000 0 0
HILTON HOTELS CORP COM 432848109 6,322.3 2,3 605,000 SH DEFINED 605,000 0 0
HORIZON GROUP PROPERTIES INC COM 44041U102 1.7 2,3 630 SH DEFINED 630 0 0
HOUSEHOLD INTL INC COM 441815107 15,283.9 2,3 258,000 SH DEFINED 258,000 0 0
HUGHES SUPPLY INC COM 444482103 1,418.1 2,3 97,000 SH DEFINED 97,000 0 0
IMC GLOBAL INC COM 449669100 820.4 2,3 66,700 SH DEFINED 66,700 0 0
INGERSOLL RAND CO COM 456866102 1,270.7 2,3 32,000 SH DEFINED 32,000 0 0
INTEL CORP COM 458140100 1,294.6 1,3 49,200 SH DEFINED 49,200 0 0
INSWEB CORPORATION COM 45809K103 1,625.0 2,3 1,368,967 SH DEFINED 1,368,967 0 0
INTERNATIONAL BUSINESS MACHINE COM 459200101 22,448.4 1,2,3 233,400 SH DEFINED 233,400 0 0
INTERNATIONAL PAPER CO. COM 460146103 3,608.0 2,3 100,000 SH DEFINED 100,000 0 0
INTL RECTIFIER CORP COM 460254105 1,231.2 1,3 30,400 SH DEFINED 30,400 0 0
INTL RECTIFIER SUB NT CV 144A07 460254AD7 2,455.7 1,3 2,930,000 PRN DEFINED
INTERSTATE BAKERIES COM 46072H108 1,463.8 2,3 95,800 SH DEFINED 95,800 0 0
ISPAT INTL NV-NY R SHS NY REG SH CLs A 464899103 772.8 2,3 275,000 SH DEFINED 275,000 0 0
I2 TECHNOLOGIES INC COM 465754109 650.3 1,3 44,850 SH DEFINED 44,850 0 0
I2 TECHNOLOGIES SUB NT CV5.25%06 465754AF6 1,690.7 1,3 2,130,000 PRN DEFINED
IVAX CORP COM 465823102 1,679.0 1,3 53,300 SH DEFINED 53,300 0 0
IVAX CORP SR SB CV 144A 07 465823AB8 2,697.0 1,3 2,400,000 PRN DEFINED
JPS INDUSTRIES INC COM 46624E405 1,952.0 2,3 419,243 SH DEFINED 419,243 0 0
J.P. MORGAN CHASE & CO. COM 46625H100 3,143.0 1,2,3 70,000 SH DEFINED 70,000 0 0
KPMG CONSULTING INC COM 48265R109 3,242.2 2,3 249,400 SH DEFINED 249,400 0 0
KINROSS GOLD CORP COM 496902107 662.8 2,3 1,322,000 SH DEFINED 1,322,000 0 0
KROGER COMPANY COM 501044101 12,358.6 1,2,3 479,200 SH DEFINED 479,200 0 0
KULICKE & SOFFA INDUSTRIES COM 501242101 1,634.2 1,3 120,500 SH DEFINED 120,500 0 0
KULICKE & SOFFA SUB NT CV4.75%06 501242AE1 2,863.5 1,3 3,450,000 PRN DEFINED
LSI CORP COM 502161102 1,662.7 1,3 105,700 SH DEFINED 105,700 0 0
LSI LOGIC SB NT CV 4A505 502161AD4 2,332.7 1,3 1,950,000 PRN DEFINED
L-3 COMMUNICATIONS CORP COM 502424104 1,760.6 1,3 22,300 SH DEFINED 22,300 0 0
L-3 COMM HLDGS SR SB CV 144A 09 502424AA2 2,850.0 1,3 2,400,000 PRN DEFINED
LAM RESEARCH CORP COM 512807108 1,263.5 1,3 53,200 SH DEFINED 53,200 0 0
LAMAR ADVERTISING CO CL A 512815101 1,580.3 1,3 43,000 SH DEFINED 43,000 0 0
LAMAR ADVERTISIN NT CV 5.25%06 512815AF8 2,572.3 1,3 2,550,000 PRN DEFINED
LATTICE SEMICOND SUB NT CV4.75%06 518415AC8 2,702.4 1,3 2,450,000 PRN DEFINED
ESTEE LAUDER COMPANIES CL A 518439104 36.4 2,3 1,000 SH DEFINED 1,000 0 0
LENNAR CORP COM 526057104 1,815.2 1,2,3 43,900 SH DEFINED 43,900 0 0
LIBERTY PROPERTY TRUST SH BEN INT 531172104 9,790.8 1,2,3 346,700 SH DEFINED 346,700 0 0
LIGHTSPAN INC COM 53226T103 14.1 1,3 7,500 SH DEFINED 7,500 0 0
LILLY (ELI) & CO. COM 532457108 4,047.6 1,3 52,800 SH DEFINED 52,800 0 0
LOCAL FINANCIAL CORP COM 539553107 19,661.0 2,3 1,549,700 SH DEFINED 1,549,700 0 0
LOCKHEED MARTIN CORP COM 539830109 4,456.3 2,3 125,000 SH DEFINED 125,000 0 0
LOWES CO INC COM 548661107 1,169.0 1,2,3 20,000 SH DEFINED 20,000 0 0
LUBRIZOL CORP COM 549271104 3,030.0 2,3 100,000 SH DEFINED 100,000 0 0
IKON MBIA INC. COM 55262C100 4,034.0 2,3 50,000 SH DEFINED 50,000 0 0
MCCORMICK & CO-NON VTG SHRS COM NON VTG 579780206 1,217.7 2,3 29,000 SH DEFINED
MEDICALOGIC/MEDSCAPE INC COM 584642102 2,924.2 2,3 1,910,000 SH DEFINED 1,910,000 0 0
MEDTRONIC INC COM 585055106 5,580.3 1,3 122,000 SH DEFINED 122,000 0 0
MELLON FINANCIAL CORP COM 58551A108 3,565.8 1,3 88,000 SH DEFINED 88,000 0 0
MERCATOR SOFTWARE INC COM 587587106 440.5 2,3 120,500 SH DEFINED 120,500 0 0
MERCURY INTERACTIVE CORP COM 589405109 812.4 1,3 19,400 SH DEFINED 19,400 0 0
MERCURY INTERACT SB NT CV 144A07 589405AA7 1,625.3 1,3 2,200,000 PRN DEFINED
MERCURY INTERACT SB NT CV 4.75%07 589405AB5 369.4 1,3 500,000 PRN DEFINED
MICROSOFT CORP COM 594918104 2,625.0 1,3 48,000 SH DEFINED 48,000 0 0
MIRANT CORPORATION COM 604675108 532.5 3 15,000 SH DEFINED 15,000 0 0
MITCHELL ENERGY & DEV-CL A CL A 606592202 1,050.0 2,3 20,000 SH DEFINED 20,000 0 0
MOLEX - CLASS A NON-VOTING CL A 608554200 2,419.5 1,3 86,993 SH DEFINED 86,993 0 0
MSDW ASIA PACIFIC FUND COM 61744U106 2,383.8 2,3 306,400 SH DEFINED 306,400 0 0
MSDW INDIA INVESTMENT FUND COM 61745C105 790.2 2,3 90,000 SH DEFINED 90,000 0 0
MOTOROLA INC COM 620076109 1,811.0 1,3 127,000 SH DEFINED 127,000 0 0
NRG ENERGY INC COM 629377102 2,002.0 2,3 55,000 SH DEFINED 55,000 0 0
NEIMAN MARCUS GROUP -CL B CL B 640204301 2,983.8 2,3 98,800 SH DEFINED 98,800 0 0
NETOPIA INC COM 64114K104 45.9 3,4 15,957 SH DEFINED 15,957 0 0
NEWHALL LAND & FARMING LP DEPOSITORY REC 651426108 1,785.0 2,3 70,000 SH DEFINED 70,000 0 0
NEWMONT MINING CORP COM 651639106 1,934.4 2,3 120,000 SH DEFINED 120,000 0 0
NEWS CORP LTD -SPONS ADR ADR NEW 652487703 5,024.0 2,3 160,000 SH DEFINED 160,000 0 0
NEWS CORP LTD -SPONS ADR PRF SP DR PFD 652487802 20,585.7 1,2,3 771,000 SH DEFINED 771,000 0 0
NEXTEL COMMNS, INC CL A CL A 65332V103 176.1 1,3 12,250 SH DEFINED 12,250 0 0
NIAGARA MOHAWK HOLDINGS INC COM 653520106 3,324.2 2,3 196,700 SH DEFINED 196,700 0 0
NOKIA CORP -SPON ADR SPONSORED ADR 654902204 1,200.0 1,3 50,000 SH DEFINED 50,000 0 0
NORFOLK SOUTHERN CORP. COM 655844108 10,881.0 2,3 650,000 SH DEFINED 650,000 0 0
NORTEL NETWORKS CORP COM 656568102 6,498.1 2,3 462,500 SH DEFINED 462,500 0 0
NORTH FORK BANCORPORATION COM 659424105 3,892.5 2,3 150,000 SH DEFINED 150,000 0 0
NORTHROP GRUMMAN CORP COM 666807102 2,610.0 2,3 30,000 SH DEFINED 30,000 0 0
OGE ENERGY CORP COM 670837103 1,823.1 2,3 79,300 SH DEFINED 79,300 0 0
OMNICOM GROUP COM 681919106 5,635.8 1,2,3 68,000 SH DEFINED 68,000 0 0
ON COMMAND CORPORATION COM 682160106 2,203.0 2,3 352,480 SH DEFINED 352,480 0 0
ON COMMAND CORP- CL B WTS WT B EX 100703 682160122 107.7 2,3 123,130 PRN CALL DEFINED
OVERSEAS SHIPHOLDING GRP COM 690368105 3,472.0 2,3 126,300 SH DEFINED 126,300 0 0
OWENS-ILL INC PFD CONV $.01 690768502 374.1 2,3 20,500 SH DEFINED 20,500 0 0
PACTIV CORPORATION COM 695257105 1,029.4 2,3 85,000 SH DEFINED 85,000 0 0
PALL CORP COM 696429307 2,411.2 2,3 110,000 SH DEFINED 110,000 0 0
PATHMARK STORES INC COM 70322A101 18,351.2 2,3 1,066,932 SH DEFINED1,066,932 0 0
PEPSI BOTTLING GROUP INC COM 713409100 3,801.0 2,3 100,000 SH DEFINED 100,000 0 0
PEPSICO INCORPORATED COM 713448108 3,603.9 1,3 82,000 SH DEFINED 82,000 0 0
PFIZER INC COM 717081103 5,446.4 1,3 133,000 SH DEFINED 133,000 0 0
PHARMACIA CORPORATION COM 71713U102 4,533.3 1,3 90,000 SH DEFINED 90,000 0 0
PILGRIMS PRIDE CORP-CL B CL B 721467108 569.3 2,3 57,800 SH DEFINED 57,800 0 0
PLACER DOME INC COM 725906101 5,452.5 2,3 630,352 SH DEFINED 630,352 0 0
POTASH CORP OF SASKATCHEWAN COM 73755L107 3,358.8 2,3 57,900 SH DEFINED 57,900 0 0
POTOMAC ELECTRIC POWER COM 737679100 6,560.4 2,3 280,600 SH DEFINED 280,600 0 0
PRAXAIR INC COM 74005P104 4,241.8 2,3 95,000 SH DEFINED 95,000 0 0
PRIME RETAIL INC COM 741570105 4.9 2,3 12,600 SH DEFINED 12,600 0 0
PRIME HOSPITALITY CORP COM 741917108 878.9 2,3 81,375 SH DEFINED 81,375 0 0
PROVINCE HEALTHCARE CO COM 743977100 340.9 1,3 11,200 SH DEFINED 11,200 0 0
PROVINCE HEALTHC SB NT CV 144A 05 743977AA8 653.3 1,3 650,000 PRN DEFINED
PROVIDIAN FINANCIAL CORP COM 74406A102 2,344.6 1,2,3 47,800 SH DEFINED 47,800 0 0
PROVIDIAN FIN NT ZERO CV 21 74406AAB8 4,950.0 1,2,3 12,000,000 PRN DEFINED
QUALCOMM INC COM 747525103 1,415.6 1,3 25,000 SH DEFINED 25,000 0 0
QUANTA SERVICES INC COM 74762E102 1,037.9 1,3 46,500 SH DEFINED 46,500 0 0
QUANTA SERVICES SUB NT CONV 4%07 74762EAA0 2,381.0 1,3 3,330,000 PRN DEFINED
QWEST COMMUNICATIONS INTL COM 749121109 368.2 3,4 10,506 SH DEFINED 10,506 0 0
RADIO ONE INC CL A 75040P108 147.4 3,4 8,391 SH DEFINED 8,391 0 0
RADIO ONE INC -CL D CL D NON VTG 75040P405 258.0 3,4 16,782 SH DEFINED
RADIO UNICA COMMUNICATIONS COM 75040Q106 20.3 2,3 5,000 SH DEFINED 5,000 0 0
RADIOSHACK CORP COM 750438103 293.5 3 8,000 SH DEFINED 8,000 0 0
RATIONAL SOFTWARE CORP COM NEW 75409P202 833.1 1,3 46,935 SH DEFINED 46,935 0 0
RATIONAL SOFTWAR SUB NT CV 144A07 75409PAA1 1,459.1 1,3 1,750,000 PRN DEFINED
RATIONAL SOFTWAR SUB NT CONV 5%07 75409PAC7 222.9 1,3 265,000 PRN DEFINED
RAYTHEON CO. COM CL B 755111408 5,215.0 2,3 177,500 SH DEFINED 177,500 0 0
REPUBLIC SERVICES INC COM 760759100 637.5 2,3 34,000 SH DEFINED 34,000 0 0
RHYTHMS NETCONNECTIONS INC COM 762430205 2.2 2,3 5,000 SH DEFINED 5,000 0 0
SPX CORP COM 784635104 2,858.9 1,2,3 31,500 SH DEFINED 31,500 0 0
SAFEWAY INC COM NEW 786514208 4,412.0 1,3 80,000 SH DEFINED 80,000 0 0
SANMINA CORP COM 800907107 1,376.1 1,3 70,345 SH DEFINED 70,345 0 0
SANMINA CORP SUB NTCV 4.25% 04 800907AB3 2,215.0 1,3 2,000,000 PRN DEFINED
SCANA CORP COM 80589M102 13,078.5 2,3 481,711 SH DEFINED 481,711 0 0
SCHLUMBERGER LIMITED COM 806857108 3,145.5 1,3 54,600 SH DEFINED 54,600 0 0
SCHULMAN (A.) INC COM 808194104 941.8 2,3 78,900 SH DEFINED 78,900 0 0
SCIENTIFIC ATLANTA INC COM 808655104 4,159.0 2,3 100,000 SH DEFINED 100,000 0 0
SCUDDER INTERMEDIATE GOVT TR SH BEN INT 811163104 1,008.2 2,3 149,800 SH DEFINED 149,800 0 0
SEARS ROEBUCK & COMPANY INC COM 812387108 4,951.9 2,3 140,400 SH DEFINED 140,400 0 0
SEMTECH CORP COM 816850101 1,436.5 1,3 48,800 SH DEFINED 48,800 0 0
SEMTECH CORP SUB NT CV 4.5% 07 816850AD3 2,232.0 1,3 2,400,000 PRN DEFINED
SHERWIN WILLIAMS CO COM 824348106 2,356.9 2,3 92,500 SH DEFINED 92,500 0 0
SHOPKO STORES INC COM 824911101 1,300.8 2,3 162,600 SH DEFINED 162,600 0 0
SIEBEL SYSTEMS INC COM 826170102 408.0 1,3 15,000 SH DEFINED 15,000 0 0
SIERRA PACIFIC RESOURCES COM 826428104 1,346.8 2,3 91,000 SH DEFINED 91,000 0 0
SIRIUS SATELLITE RADIO INC COM 82966U103 29,272.6 2,3 2,353,672 SH DEFINED2,353,672 0 0
SOLECTRON CORP COM 834182107 7,868.2 1,2,3 413,900 SH DEFINED 413,900 0 0
SOLECTRON CORP SR LYON ZERO 20 834182AK3 12,453.1 1,2,3 25,000,000 PRN DEFINED
SOLECTRON CORP LYON ZERO CPN 20 834182AL1 14,590.6 1,2,3 35,000,000 PRN DEFINED
SONIC AUTOMOTIVE INC CL A 83545G102 780.0 3 100,000 SH DEFINED 100,000 0 0
SOUTHERN COMPANY COM 842587107 614.1 2,3 17,500 SH DEFINED 17,500 0 0
SOVEREIGN BANCORP INC COM 845905108 2,201.7 2,3 260,000 SH DEFINED 260,000 0 0
SPANISH BROADCSTING SYS CLA CL A 846425882 1,591.2 2,3 244,800 SH DEFINED 244,800 0 0
SPRINT CORP COM FON GROUP 852061100 62.8 3,4 2,856 SH DEFINED 2,856 0 0
SPRINT CORP (PCS GROUP) PCS COM SER 1 852061506 6,867.1 2,3,4 361,428 SH DEFINED 361,428 0 0
STAR GAS PARTNER-SEN SUB UTS SR SUB UN LTD 85512C204 721.4 2,3 42,434 SH DEFINED 42,434 0 0
STMICROELECTRONICS NV-NY SHS NY REGISTRY 861012102 18,809.2 1,2,3 550,460 SH DEFINED 550,460 0 0
STMICROELECTRON SUB LYON ZERO 09 861012AB8 22,959.6 1,2,3 22,050,000 PRN DEFINED
STMICROELECTRON SR CV ZERO144A 10 861012AC6 16,231.3 1,2,3 24,500,000 PRN DEFINED
STORAGE TECHNOLOGY /NEW/COM COM PAR $0.10 862111200 30.0 1,3 2,754 SH DEFINED 2,754 0 0
SUN MICROSYSTEMS INC COM 866810104 2,136.4 1,3 139,000 SH DEFINED 139,000 0 0
SYBASE INC COM 871130100 1,685.3 2,3 108,730 SH DEFINED 108,730 0 0
TJX COS. INC. NEW COM 872540109 7,065.6 1,2,3 220,800 SH DEFINED 220,800 0 0
T/R SYSTEMS INC COM 87263U102 191.5 3,4 50,243 SH DEFINED 50,243 0 0
TVX GOLD INC COM NEW 87308K200 450.9 2,3 490,080 SH DEFINED 490,080 0 0
TXU CORPORATION COM 873168108 743.8 2,3 18,000 SH DEFINED 18,000 0 0
TAUBMAN CENTERS INC COM 876664103 4,518.8 1,3 375,000 SH DEFINED 375,000 0 0
TELLABS INC COM 879664100 3,295.7 1,3 81,000 SH DEFINED 81,000 0 0
TEMPLE-INLAND INC COM 879868107 2,655.0 2,3 60,000 SH DEFINED 60,000 0 0
TEXTRON INC COM 883203101 14,778.4 1,2,3 260,000 SH DEFINED 260,000 0 0
THOUSAND TRAILS, INC COM 885502104 973.9 2,3 159,660 SH DEFINED 159,660 0 0
TOWER AUTOMOTIVE INC COM 891707101 1,272.6 2,3 118,600 SH DEFINED 118,600 0 0
TRIBUNE CO NEW COM 896047107 3,666.6 1,3 90,000 SH DEFINED 90,000 0 0
TRIZEC HAHN CORPORATION SUB VTG 896938107 4,364.5 2,3 290,000 SH DEFINED 290,000 0 0
TYCO INTERNATIONAL LTD COM 902124106 26,132.5 1,2,3 604,500 SH DEFINED 604,500 0 0
TYCO INTL LTD LYON ZRO 144A 20 902124AA4 110,437.5 1,2,3 150,000,000 PRN DEFINED
TYCO INTL LTD LYON ZERO 20 902124AC0 3,681.3 1,2,3 5,000,000 PRN DEFINED
UAL CORP COM PAR $0.01 902549500 2,313.5 2,3 70,000 SH DEFINED 70,000 0 0
USX - MARATHON GROUP INC COM NEW 902905827 4,851.0 2,3 180,000 SH DEFINED 180,000 0 0
USX - U S STEEL GROUP COM 90337T101 4,774.3 2,3 325,000 SH DEFINED 325,000 0 0
UGLY DUCKLING CORP COM 903512101 175.0 2,3 50,000 SH DEFINED 50,000 0 0
UNIFI INC COM 904677101 983.4 2,3 138,700 SH DEFINED 138,700 0 0
UNISYS CORP COM 909214108 385.0 2,3 27,500 SH DEFINED 27,500 0 0
UNITED PARCEL SERVICE -CL B CL B 911312106 341.4 3 6,000 SH DEFINED 6,000 0 0
UNITED TECHNOLOGIES CORP. COM 913017109 2,199.0 2,3 30,000 SH DEFINED 30,000 0 0
UNOCAL CORP COM 915289102 1,431.2 2,3 41,400 SH DEFINED 41,400 0 0
VERIZON COMMUNICATIONS INC. COM 92343V104 2,218.5 1,3 45,000 SH DEFINED 45,000 0 0
VISTEON CORP -W/I COM 92839U107 3,008.0 2,3 200,000 SH DEFINED 200,000 0 0
VODAFONE AIRTOUCH PLC-SP ADR SPONS ADR 92857W100 12,862.1 1,2,3 470,950 SH DEFINED 470,950 0 0
WAL MART STORES INC COM 931142103 3,257.3 1,3 64,500 SH DEFINED 64,500 0 0
WASHINGTON GROUP INTL, INC WT EXP 031103 938862117 0.0 3,4 35 PRN CALL DEFINED
WATSON PHARMACEUTICALS INC COM 942683103 2,472.2 1,3 47,000 SH DEFINED 47,000 0 0
WELLS FARGO & COMPANY COM 949746101 4,947.0 1,3 100,000 SH DEFINED 100,000 0 0
WESTERN RESOURCES INC COM 959425109 4,157.1 2,3 174,300 SH DEFINED 174,300 0 0
WILLIAMS COS INC COM 969457100 3,827.0 1,3,4 89,312 SH DEFINED 89,312 0 0
WIND RIVER SYSTEMS COM 973149107 890.0 1,3 38,280 SH DEFINED 38,280 0 0
WIND RIVER SYSTM SUB NT CONV 5%02 973149AC1 2,248.9 1,3 2,263,000 PRN DEFINED
WISCONSIN ENERGY CORP COM 976657106 1,879.6 2,3 87,100 SH DEFINED 87,100 0 0
WORLDCOM INC+ COM 98157D106 934.4 2,3 50,000 SH DEFINED 50,000 0 0
XTRA CORP COM 984138107 767.4 1,3 16,089 SH DEFINED 16,089 0 0
YOUNG BROADCASTING INC-A CL A 987434107 2,629.2 2,3 83,800 SH DEFINED 83,800 0 0
GLOBAL CROSSING LTD COM G3921A100 260,925.7 2,3 19,342,157 SH DEFINED19,342,157 0 0
LORAL SPACE & COMMUNICATIONS COM G56462107 667.7 2,3 304,900 SH DEFINED 304,900 0 0
TRANSOCEON SEDCO FOREX INC ORD G90078109 2,410.5 1,3 55,606 SH DEFINED 55,606 0 0
TRENWICK GROUP LTD COM G9032C109 73,147.0 2,3 3,707,400 SH DEFINED3,707,400 0 0
ENGEL GENERAL DEVELOPERS ORD M40515104 502.4 2,3 120,000 SH DEFINED 120,000 0 0
TECNOMATIX TECHNOLOGIES LTD ORD M8743P105 3.8 2,3 1,000 SH DEFINED 1,000 0 0
TEEKAY SHIPPING CORP COM Y8564W103 9,393.3 2,3 220,500 SH DEFINED 220,500 0 0
1,986,940.69
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 4
Form 13F Information Table Entry Total: 325
Form 13F Information Table Value Total: 1,986,941 (in thousands)
List of Other Included Managers:
No. 13F File Number Name
1 28-386 Continental Assurance Company
2 28-387 Continental Casualty Company
3 28-346 CNA Financial Corporation