FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: September 30, 2000

Check here if Amentment [   ]; 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.
By: /s/ Lynne Gugenheim

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:

Chicago, Illinois, November 10, 2000 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


<PAGE>

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.


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                           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
-----------------------------------------------------------------------------------------------------------------------------------
ACXIOM CORP                     COM        005125109   6,404    1,3      201,690.00  SH            DEFINED   201,690   0       0
ADELPHIA COMMUNICATIONS-CL A    CL A       006848105   8,338    2,3      302,500.00  SH            DEFINED   302,500   0       0
ADVANCED ENERGY           SUB NT CV5.25%06 007973AA8   3,513    1,3    3,850,000.00  PRN           DEFINED
ADVANCED ENERGY INDUSTRIES      COM        007973100   1,995    1,3       60,570.00  SH            DEFINED    60,570   0       0
ADVANTICA RESTAURANT GROUP      COM        00758B109   2,299    2,3    3,877,287.00  SH            DEFINED 3,877,287   0       0
AFFIL COMPUTER            SB NT CV 4%05    008190AD2   6,116    1,3    4,720,000.00  PRN           DEFINED
AFFILIATED COMPUTER SVCS-A      CL A       008190100   3,955    1,3       79,300.00  SH            DEFINED    79,300   0       0
AGILENT TECHNOLOGIES INC        COM        00846U101   1,468    1,3       30,000.00  SH            DEFINED    30,000   0       0
AGNICO-EAGLE MINES LTD          COM        008474108   1,395    2,3      240,000.00  SH            DEFINED   240,000   0       0
ALCOA INC                       COM        013817101   8,505    1,2,3    336,000.00  SH            DEFINED   336,000   0       0
ALLIN COMMUNICATIONS CORP       COM        019924109     701    2,3      340,000.00  SH            DEFINED   340,000   0       0
ALLTEL CORP                     COM        020039103   5,263    2,3,4    100,852.00  SH            DEFINED   100,852   0       0
AMBAC FINANCIAL GROUP INC       COM        023139108   4,395    2,3       60,000.00  SH            DEFINED    60,000   0       0
AMERADA HESS                    COM        023551104   1,004    2,3       15,000.00  SH            DEFINED    15,000   0       0
AMERICA ONLINE INC              COM        02364J104   3,386    1,3       63,000.00  SH            DEFINED    63,000   0       0
AMERICA WEST HOLDINGS           CL B       023657208     259    1,3       21,278.00  SH            DEFINED    21,278   0       0
AMERICAN BUSINESS FINL SVCS     COM        02476B106     172    2,3       25,042.00  SH            DEFINED    25,042   0       0
AMERICAN CAPITAL STRATEGIES     COM        024937104   3,849    2,3      162,500.00  SH            DEFINED   162,500   0       0
AMERICAN EXPRESS                COM        025816109   5,164    1,3       85,000.00  SH            DEFINED    85,000   0       0
AMERICAN INTL GROUP INC         COM        026874107   1,310    2,3       13,690.50  SH            DEFINED    13,691   0       0
AMERICAN TOWER            NT CV 144A 5%10  029912AE2     912    1,3      960,000.00  PRN           DEFINED
AMERICAN TOWER            NT CV ACRD 5%10  029912AF9   1,368    1,3    1,440,000.00  PRN           DEFINED
AMR  CORP                       COM        001765106   1,883    2,3       57,500.00  SH            DEFINED    57,500   0       0
ANADARKO PETROLEUM CORP         COM        032511107   7,792    2,3      117,250.00  SH            DEFINED   117,250   0       0
ANHEUSER BUSCH CO               COM        035229103   2,970    2,3       70,200.00  SH            DEFINED    70,200   0       0
ANIXTER INTL INC        LYON ZERO 144A 20  035290AA3   3,746   1,2,3  13,500,000.00  PRN           DEFINED
ANTEC CORP                      COM        03664P105   1,180    2,3       40,000.00  SH            DEFINED    40,000   0       0
ANTEC CORP               SB NT CV 144A 03  03664PAA3   2,978    2,3    2,250,000.00  PRN           DEFINED
APPLIED MATERIALS INC.          COM        038222105   5,635    1,3       95,000.00  SH            DEFINED    95,000   0       0
ARCHER DANIELS                  COM        039483102  10,867    2,3    1,259,976.90  SH            DEFINED 1,259,977   0       0
ARGUSS COMMUNICATIONS INC       COM        040282105  10,961    2,3      536,312.00  SH            DEFINED   536,312   0       0
AT & T CORPORATION              COM        001957109     335    3,4       11,565.00  SH            DEFINED    11,565   0       0
AT HOME CORP            SB DB CV0.525%18   045919AC1   3,001    2,3    7,000,000.00  PRN           DEFINED
AT HOME CORP            SB DB CV4.75%06    045919AF4   8,025    1,3   12,000,000.00  PRN           DEFINED
AT HOME CORP -SER A           COM SER A    045919107   2,825    2,3      200,000.00  SH            DEFINED    200,000  0       0
AVIS GROUP HOLDINGS INC        CL A        053790101     593    2,3       20,000.00  SH            DEFINED     20,000  0       0
BANK ONE CORP                   COM        06423A103   3,837    2,3      100,800.00  SH            DEFINED    100,800  0       0
BAYCORP HOLDINGS LTD            COM        072728108   3,333    1,3      386,442.00  SH            DEFINED    386,442  0       0
BECTON DICKINSON & CO           COM        075887109     529    2,3       20,000.00  SH            DEFINED     20,000  0       0
BELLSOUTH CORP                  COM        079860102   1,567    2,3       38,700.00  SH            DEFINED     38,700  0       0
BEVERLY ENTERPRISES INC       COM NEW      087851309   4,957    2,3      834,900.00  SH            DEFINED    834,900  0       0
BLACKROCK MUNI TARGET TRUST     COM        09247M105     459    2,3       47,100.00  SH            DEFINED     47,100  0       0
BLOCK H & R INC                 COM        093671105   3,150    2,3       85,000.00  SH            DEFINED     85,000  0       0
BOEING COMPANY                  COM        097023105   6,450    2,3      100,000.00  SH            DEFINED    100,000  0       0
BRISTOL-MYERS SQUIBB CO         COM        110122108   8,625    2,3      150,000.00  SH            DEFINED    150,000  0       0
BUCKHEAD AMERICA CORP           COM        11835A105      94    2,3       21,579.00  SH            DEFINED     21,579  0       0
BUFFETS INC                     COM        119882108     134    1,3        9,800.00  SH            DEFINED      9,800  0       0
BURLINGTON RESOURCES INC        COM        122014103  13,436    2,3      365,000.00  SH            DEFINED    365,000  0       0
CABOT OIL & GAS CORP  -CL A     CL A       127097103     611    2,3       30,000.00  SH            DEFINED     30,000  0       0
CALPINE CORPORATION             COM        131347106   4,889    1,2,3     48,200.00  SH            DEFINED     48,200  0       0
CAMBREX CORP                    COM        132011107     315    3          8,500.00  SH            DEFINED      8,500  0       0
CANADIAN NATL RAILWAY CO        COM        136375102       7    1,3          224.00  SH            DEFINED        224  0       0
CAPITAL ONE FINANCIAL CORP      COM        14040H105   3,503    2,3       50,000.00  SH            DEFINED     50,000  0       0
CARDINAL HEALTH  INC.           COM        14149Y108   4,817    1,3       54,625.00  SH            DEFINED     54,625  0       0
CARNIVAL CORP                   COM        143658102   4,014    2,3      163,000.00  SH            DEFINED    163,000  0       0
CATELLUS DEVELOPMENT CORP       COM        149111106   1,885    2,3      107,724.00  SH            DEFINED    107,724  0       0
CELESTICA INC               SUB VTG SHS    15101Q108  32,165    1,2,3    441,900.00  SH            DEFINED    441,900  0       0
CELESTICA INC               LYON ZERO 20   15101QAA6  66,374    1,2,3 134,380,000.00 PRN           DEFINED
CENTRAL VERMONT PUB SERV        COM        155771108     845    2,3       82,900.00  SH            DEFINED     82,900  0       0
CH ENERGY GROUP INC.            COM        12541M102   1,013    2,3       25,400.00  SH            DEFINED     25,400  0       0
CHASE MANHATTAN CORP COM STK    COM        16161A108   3,695    2,3       80,000.00  SH            DEFINED     80,000  0       0
CISCO SYSTEMS INC               COM        17275R102   9,945    1,3      180,000.00  SH            DEFINED    180,000  0       0
CITIGROUP INC                   COM        172967101   5,839    1,3      108,000.00  SH            DEFINED    108,000  0       0
CLEAR CHANNEL COMMUNICATIONS    COM        184502102   8,741    1,2,3    154,700.00  SH            DEFINED    154,700  0       0
CNA INCOME SHARES INC           COM        126119106   1,080    2,3      133,904.29  SH            DEFINED    133,904  0       0
CNA SURETY CORPORATION          COM        12612L108 311,608    2,3,4 27,096,347.00  SH            DEFINED 27,096,347  0       0
COLT TELECOM GROUP-SPONS ADR   SPONS ADR   196877104     331    2,3        3,000.00  SH            DEFINED      3,000  0       0
COMCAST CORP CL A SPL          CL A SPL    200300200   4,913    1,3      120,000.00  SH            DEFINED    120,000  0       0
COMMUNICATION INTELLIGENCE      COM        20338K106   1,485    2,3      660,000.00  SH            DEFINED    660,000  0       0
CONECTIV                        COM        206829103   1,565    2,3       87,500.00  SH            DEFINED     87,500  0       0
CONSOLIDATED EDISON INC COM     COM        209115104   1,536    2,3       45,000.00  SH            DEFINED     45,000  0       0
CONSOLIDATED FREIGHTWAYS CRP    COM        209232107   1,103    2,3      220,600.00  SH            DEFINED    220,600  0       0
COX COMMUNICATIONS INC-CL A     CL A       224044107     639    2,3       16,700.00  SH            DEFINED     16,700  0       0
CREDENCE SYSTEMS CORP           COM        225302108     180    3          6,000.00  SH            DEFINED      6,000  0       0
CROWN RESOURCE CORP/COLO        COM        228569109     266    2,3      501,400.00  SH            DEFINED    501,400  0       0
CYANOTECH CORP NEW            COM NEW      232437202      99    3,4       65,775.00  SH            DEFINED     65,775  0       0
CYPRESS SEMICON            SUB NT CV 4%05  232806AE9   4,689    1,3    4,100,000.00  PRN           DEFINED
D.R. HORTON INC                 COM        23331A109     761    2,3       43,500.00  SH            DEFINED     43,500  0       0
DEERE & CO                      COM        244199105   1,496    2,3       45,000.00  SH            DEFINED     45,000  0       0
DEL MONTE FOODS CO              COM        24522P103     155    2,3       25,000.00  SH            DEFINED     25,000  0       0
DOW CHEMICAL CORP               COM        260543103   5,785    2,3      232,000.00  SH            DEFINED    232,000  0       0
EAST-WEST BANCORP INC.          COM        27579R104  39,124    2,3    2,000,000.00  SH            DEFINED  2,000,000  0       0
EBIX.COM INC                    COM        278715107   1,086    3,4      304,924.00  SH            DEFINED    304,924  0       0
ECHOSTAR COMM         SUB NT CV 144A07     278762AB5   1,716    1,3    1,300,000.00  PRN           DEFINED
ECHOSTAR COMMUNICATIONS - A     CL A       278762109   1,162    1,3       22,030.00  SH            DEFINED     22,030  0       0
EMC CORPORATION                 COM        268648102   7,573    1,3       76,400.00  SH            DEFINED     76,400  0       0
EMERSON ELECTRIC COMPANY        COM        291011104   3,283    1,3       49,000.00  SH            DEFINED     49,000  0       0
ENCOMPASS SERVICES CORP         COM        29255U104     556    2,3       68,397.00  SH            DEFINED     68,397  0       0
ENGEL GENERAL DEVELOPERS        ORD        M40515104     540    2,3      120,000.00  SH            DEFINED    120,000  0       0
ENRON CORP                      COM        293561106  10,515    1,3      120,000.00  SH            DEFINED    120,000  0       0
EQUANT NV-NY REGISTERED SHR  NY REG SHRS   294409107   2,018    1,3       55,000.00  SH            DEFINED     55,000  0       0
ERICSSON (LM) TEL-SP ADR  ADR CL B SEK10   294821400     222    3         15,000.00  SH            DEFINED     15,000  0       0
ESTEE LAUDER COMPANIES          CL A       518439104      37    2,3        1,000.00  SH            DEFINED      1,000  0       0
EXCITE@HOME              SB NT CV 144A 06  045919AD9  12,372    1,2,3 18,500,000.00  PRN           DEFINED
EXIGENT INTERNATIONAL INC       COM        302056106       0    1,3          125.00  SH            DEFINED        125  0       0
EXODUS COMMUNICATIONS INC       COM        302088109      99    2,3        2,000.00  SH            DEFINED      2,000  0       0
FEDERAL HM LOAN MORTGAGE COP    COM        313400301   2,487    1,3       46,000.00  SH            DEFINED     46,000  0       0
FEDERATED DEPART STORES INC     COM        31410H101   2,613    2,3      100,000.00  SH            DEFINED    100,000  0       0
FIRST DATA CORP                 COM        319963104   4,008    1,2,3    102,600.00  SH            DEFINED    102,600  0       0
FORD MOTOR COMPANY          COM PAR $0.01  345370860   6,415    2,3      251,564.00  SH            DEFINED    251,564  0       0
FPL GROUP                       COM        302571104   4,932    2,3       75,000.00  SH            DEFINED     75,000  0       0
FRIEDMAN BILLINGS RAMSEY-A      CL A       358433100     475    2,3       51,000.00  SH            DEFINED     51,000  0       0
GEN SEMICONDUCTR        SUB NT CV5.75%06   370787AB9     975    1,3    1,000,000.00  PRN           DEFINED
GENENTECH INC                  COM NEW     368710406   1,857    1,3       10,000.00  SH            DEFINED     10,000  0       0
GENERAL COMMUNICATION  -CL A    CL A       369385109      57    1,3        7,913.00  SH            DEFINED      7,913  0       0
GENERAL ELECTRIC CO             COM        369604103   7,442    1,3      129,000.00  SH            DEFINED    129,000  0       0
GENERAL MOTORS CORP             COM        370442105  11,867    2,3      182,563.00  SH            DEFINED    182,563  0       0
GENERAL MOTORS CORP CLASS H   CL H NEW     370442832   4,936    1,2,3    132,760.00  SH            DEFINED    132,760  0       0
GENERAL SEMICONDUCTOR INC       COM        370787103     566    1,3       42,900.00  SH            DEFINED     42,900  0       0
GENZYME CORP            SB NT CV 5.25%05   372917AF1   4,951    1,3    2,700,000.00  PRN           DEFINED
GENZYME CORP - GENL DIV    COM GENL DIV    372917104   4,084    1,3       59,900.00  SH            DEFINED     59,900  0       0
GENZYME SURGICAL PROD     COM SURG PROD    372917609      82    1,3       11,150.00  SH            DEFINED     11,150  0       0
GENZYME-MOLECLR ONCLGY    COM-MOLECULAR    372917500      90    1,3        6,700.00  SH            DEFINED      6,700  0       0
GILLETTE CO.                    COM        375766102   2,285    1,3       74,000.00  SH            DEFINED     74,000  0       0
GLAMIS GOLD LTD          SV     COM        376775102   1,036    2,3      721,240.00  SH            DEFINED    721,240  0       0
GLOBAL CROSSING LTD             COM        G3921A100 599,607    2,3   19,342,157.00  SH            DEFINED 19,342,157  0       0
GOLD STANDARD INC       COM PAR $0.001     380724302     135    2,3       82,812.50  SH            DEFINED     82,813  0       0
GRAPHIC PACKAGING INTl CORP     COM        388690109       0    3,4            2.00  SH            DEFINED          2  0       0
HAYES LEMMERZ INTL INC COM      COM        420781106   3,058    2,3      284,500.00  SH            DEFINED    284,500  0       0
HEALTHCARE REALTY TRUST INC     COM        421946104   6,158    2,3      291,500.00  SH            DEFINED    291,500  0       0
HEALTHSOUTH CORP         SB DB CV 3.25%03  421924AF8   4,200    2,3    5,000,000.00  PRN           DEFINED
HEALTHSOUTH CORP.               COM        421924101  10,997    2,3    1,364,000.00  SH            DEFINED  1,364,000  0       0
HEARST-ARGYLE TELEVISION INC    COM        422317107     560    2,3       28,000.00  SH            DEFINED     28,000  0       0
HERCULES INC                    COM        427056106   4,520    2,3      320,000.00  SH            DEFINED    320,000  0       0
HERTZ CORP-CL A                CL A        428040109   2,299    2,3       72,400.00  SH            DEFINED     72,400  0       0
HEWLET-PACKARD           SBLYON144AZERO17  428236AC7     736    2,3    1,000,000.00  PRN           DEFINED
HEWLETT-PACK FIN         SBLYON144AZERO17  428236AA1  11,044    2,3   15,000,000.00  PRN           DEFINED
HEWLETT-PACKARD CO.             COM        428236103   5,376    2,3       50,300.00  SH            DEFINED     50,300  0       0
HOME DEPOT                      COM        437076102     529    3         10,000.00  SH            DEFINED     10,000  0       0
HOMESTAKE MINING CO             COM        437614100   1,556    2,3      300,000.00  SH            DEFINED    300,000  0       0
HORIZON GROUP PROPERTIES INC    COM        44041U102       3    2,3          630.00  SH            DEFINED        630  0       0
HOUSEHOLD INTL INC              COM        441815107   2,831    2,3       50,000.00  SH            DEFINED     50,000  0       0
HUMANA INC.                     COM        444859102   2,043    2,3      190,000.00  SH            DEFINED    190,000  0       0
IKON MBIA INC.                  COM        55262C100   2,845    2,3       40,000.00  SH            DEFINED     40,000  0       0
ILLINOIS TOOL WORKS INC         COM        452308109   1,218    1,3       21,800.00  SH            DEFINED     21,800  0       0
IMC GLOBAL INC                  COM        449669100   1,402    2,3       96,700.00  SH            DEFINED     96,700  0       0
INSWEB CORPORATION              COM        45809K103   2,890    2,3    1,401,467.00  SH            DEFINED  1,401,467  0       0
INTEL CORP                      COM        458140100   2,880    1,3       69,200.00  SH            DEFINED     69,200  0       0
INTERNATIONAL BUSINESS MACHINES COM        459200101  11,520    1,2,3    102,400.00  SH            DEFINED    102,400  0       0
INTERNATIONAL PAPER CO.         COM        460146103   5,924    2,3      206,500.00  SH            DEFINED    206,500  0       0
INTERSTATE BAKERIES             COM        46072H108   1,584    2,3      108,300.00  SH            DEFINED    108,300  0       0
INTL RECTIFIER           SUB NT CV 144A07  460254AD7   4,282    1,3    4,680,000.00  PRN           DEFINED
INTL RECTIFIER CORP             COM        460254105   2,439    1,3       44,600.00  SH            DEFINED     44,600  0       0
IVAX CORP                       COM        465823102   4,393    1,3       95,500.00  SH            DEFINED     95,500  0       0
IVAX CORP               SR SB CV 144A 07   465823AB8   6,192    1,3    4,300,000.00  PRN           DEFINED
JOHNS MANVILLE CORPORATION      COM        478129109     735    2,3       65,000.00  SH            DEFINED     65,000  0       0
JOHNSON & JOHNSON               COM        478160104   3,561    1,3       38,184.00  SH            DEFINED     38,184  0       0
JOHNSON CONTROL INC             COM        478366107     106    2,3        2,000.00  SH            DEFINED      2,000  0       0
JPS INDUSTRIES INC              COM        46624E405   2,096    2,3      419,243.00  SH            DEFINED    419,243  0       0
KEMPER INTERMEDIATE GOVT TR  SH BEN INT    488413105     974    2,3      149,800.00  SH            DEFINED    149,800  0       0
KEYSPAN CORPORATION             COM        49337W100   2,609    2,3       65,000.00  SH            DEFINED     65,000  0       0
KINROSS GOLD CORP               COM        496902107     785    2,3    2,100,000.00  SH            DEFINED  2,100,000  0       0
KOHLS CORP                      COM        500255104   6,165    1,2,3    104,600.00  SH            DEFINED    104,600  0       0
KROGER COMPANY                  COM        501044101   7,992    1,2,3    354,200.00  SH            DEFINED    354,200  0       0
KULICKE & SOFFA      SUB NT CV 4.75%06     501242AE1   2,920    1,3    3,450,000.00  PRN           DEFINED
KULICKE & SOFFA INDUSTRIES      COM        501242101     820    1,3       61,900.00  SH            DEFINED     61,900  0       0
LAM RESEARCH CORP               COM        512807108   1,856    1,3       88,900.00  SH            DEFINED     88,900  0       0
LAMAR ADVERTISIN          NT CV 5.25%06    512815AF8   2,475    1,3    2,450,000.00  PRN           DEFINED
LAMAR ADVERTISING CO            CL A       512815101   1,533    1,3       40,600.00  SH            DEFINED     40,600  0       0
LASALLE RE HOLDINGS             ORD        G5383Q101  26,904    2,3    1,425,354.00  SH            DEFINED  1,425,354  0       0
LEAR CORPORATION                COM        521865105     617    2,3       30,000.00  SH            DEFINED     30,000  0       0
LIBERTY FINANCIAL COMPANIES     COM        530512102     907    2,3       38,600.00  SH            DEFINED     38,600  0       0
LIBERTY MEDIA              COM LIB GRP A   001957208   9,685    1,3      538,048.00  SH            DEFINED    538,048  0       0
LIBERTY PROPERTY TRUST       SH BEN INT    531172104   9,534    2,3      346,700.00  SH            DEFINED    346,700  0       0
LIGHTSPAN INC                   COM        53226T103      18    1,3        7,500.00  SH            DEFINED      7,500  0       0
LILLY (ELI) & CO.               COM        532457108   7,893    1,2,3     97,300.00  SH            DEFINED     97,300  0       0
LSI CORP                        COM        502161102     569    1,3       18,800.00  SH            DEFINED     18,800  0       0
LSI LOGIC                  SUB NT CV 4%05  502161AE2   1,580    1,3    1,960,000.00  PRN           DEFINED
LUBRIZOL CORP                   COM        549271104     787    2,3       40,000.00  SH            DEFINED     40,000  0       0
LUCENT TECHNOLOGIES             COM        549463107   4,575    2,3      150,000.00  SH            DEFINED    150,000  0       0
MASTEC INC                      COM        576323109     310    3         10,000.00  SH            DEFINED     10,000  0       0
MCLEODUSA INC-CL A              CL A       582266102     754    2,3       52,664.00  SH            DEFINED     52,664  0       0
MEDICALOGIC/MEDSCAPE INC        COM        584642102   6,803    2,3    1,910,000.00  SH            DEFINED  1,910,000  0       0
MEDTRONIC INC                   COM        585055106   6,218    1,3      120,000.00  SH            DEFINED    120,000  0       0
MELLON FINANCIAL CORP           COM        58551A108   4,081    1,3       88,000.00  SH            DEFINED     88,000  0       0
MERCURY INTERACT          SB NT CV 144A07  589405AA7   6,516    1,3    4,150,000.00  PRN           DEFINED
MERCURY INTERACTIVE CORP        COM        589405109   5,141    1,3       32,800.00  SH            DEFINED     32,800  0       0
MERIDIAN GOLD INC               COM        589975101     432    2,3       65,000.00  SH            DEFINED     65,000  0       0
METLIFE INC                     COM        59156R108  36,094    2,3    1,375,000.00  SH            DEFINED  1,375,000  0       0
MGIC AETNA INC.                 COM        008117103   3,193    2,3       55,000.00  SH            DEFINED     55,000  0       0
MGIC GPU INC.                   COM        36225X100     649    2,3       20,000.00  SH            DEFINED     20,000  0       0
MICROCELL TELECOMM         CL B NON VTG    59501T304     309    2,3       10,647.00  SH            DEFINED
MICRON TECHNOLOGY INC           COM        595112103   1,610    1,3       35,000.00  SH            DEFINED     35,000  0       0
MICROSOFT CORP                  COM        594918104   2,892    1,3       48,000.00  SH            DEFINED     48,000  0       0
MITCHELL ENERGY & DEV-CL A      CL A       606592202     933    2,3       20,000.00  SH            DEFINED     20,000  0       0
MOLEX - CLASS A NON-VOTING      CL A       608554200   3,605    1,3       86,993.00  SH            DEFINED     86,993  0       0
MOTOROLA INC                    COM        620076109   7,825    1,2,3    277,000.00  SH            DEFINED    277,000  0       0
MSDW ASIA PACIFIC FUND          COM        61744U106   2,891    2,3      306,400.00  SH            DEFINED    306,400  0       0
MSDW INDIA INVESTMENT FUND      COM        61745C105     934    2,3       90,000.00  SH            DEFINED     90,000  0       0
MUNIVEST FUND INC               COM        626295109   1,876    2,3      229,100.00  SH            DEFINED    229,100  0       0
MUNIYIELD QUALITY FUND          COM        626302103   5,561    2,3      442,700.00  SH            DEFINED    442,700  0       0
NACCO INDS INC CL A             CL A       629579103     718    2,3       17,100.00  SH            DEFINED     17,100  0       0
NATIONWIDE HEALTH PPTYS INC     COM        638620104     459    2,3       28,800.00  SH            DEFINED     28,800  0       0
NEIMAN MARCUS GROUP -CL B       CL B       640204301     959    2,3       33,500.00  SH            DEFINED     33,500  0       0
NETOPIA INC                     COM        64114K104     176    3,4       15,957.00  SH            DEFINED     15,957  0       0
NEWS CORP LTD -SPONS ADR       ADR NEW     652487703   5,606    2,3      100,000.00  SH            DEFINED    100,000  0       0
NEWS CORP LTD -SPONS ADR PRF  SP ADR PFD   652487802   6,094    2,3      130,000.00  SH            DEFINED    130,000  0       0
NEXTEL COMMNS, INC CL A         CL A       65332V103     931    1,3       19,925.00  SH            DEFINED     19,925  0       0
NIAGARA MOHAWK HOLDINGS INC      COM       653520106   5,072    2,3      321,700.00  SH            DEFINED    321,700  0       0
NOKIA CORP -SPON ADR       SPONSORED ADR   654902204   2,190    1,3       55,000.00  SH            DEFINED     55,000  0       0
NORFOLK SOUTHERN CORP.           COM       655844108   6,888    2,3      475,000.00  SH            DEFINED    475,000  0       0
NORTH FORK BANCORPORATION        COM       659424105   4,266    2,3      197,250.00  SH            DEFINED    197,250  0       0
NORTHPOINT COMMUNICATIONS        COM       666610100     710    2,3       80,000.00  SH            DEFINED     80,000  0       0
NUVEEN INSD PREM INC MUNI II     COM       6706D8104     501    2,3       44,000.00  SH            DEFINED     44,000  0       0
NUVEEN PREMIUM INC MUNI FD 2     COM       67063W102     302    2,3       22,200.00  SH            DEFINED     22,200  0       0
OGE ENERGY CORP                  COM       670837103   1,692    2,3       79,300.00  SH            DEFINED     79,300  0       0
ON COMMAND CORPORATION           COM       682160106   4,329    2,3      352,480.00  SH            DEFINED    352,480  0       0
ON COMMAND CORP- CL B WTS  WT B EX 100703  682160122     323    2,3      123,130.00  SH     CALL   DEFINED
OWENS-ILL INC              PFD CONV $.01   690768502   1,137    2,3       65,900.00  SH            DEFINED
P G 7 E CORPORATION              COM       69331C108     726    2,3       30,000.00  PRN           DEFINED
PACTIV CORPORATION               COM       695257105   2,797    2,3      250,000.00  SH            DEFINED    250,000  0       0
PENNEY (J.C.) CO.  INC.          COM       708160106   1,358    2,3      115,000.00  SH            DEFINED    115,000  0       0
PEPSI BOTTLING GROUP INC         COM       713409100   6,012    2,3      200,000.00  SH            DEFINED    200,000  0       0
PEPSICO INCORPORATED             COM       713448108   3,772    1,3       82,000.00  SH            DEFINED     82,000  0       0
PFIZER INC                       COM       717081103   5,977    1,3      133,000.00  SH            DEFINED    133,000  0       0
PHARMACIA CORPORATION            COM       71713U102   4,815    1,3       80,000.00  SH            DEFINED     80,000  0       0
PHILADELPHIA CONS HLDG CO        COM       717528103   5,132    1,2,3    248,800.00  SH            DEFINED    248,800  0       0
PLACER DOME INC                  COM       725906101   5,383    2,3      570,352.00  SH            DEFINED    570,352  0       0
PLC CAP TRUST II             INC PRIDES    743674202   3,569    1,2,3     72,100.00  SH            DEFINED     72,100  0       0
POTASH CORP OF SASKATCHEWAN      COM       73755L107   5,121    2,3       97,900.00  SH            DEFINED     97,900  0       0
POTOMAC ELECTRIC POWER           COM       737679100   7,954    2,3      315,600.00  SH            DEFINED    315,600  0       0
PRAXAIR INC                      COM       74005P104   5,158    2,3      138,000.00  SH            DEFINED    138,000  0       0
PRIME HOSPITALITY CORP           COM       741917108      65    2,3        6,375.00  SH            DEFINED      6,375  0       0
PRIME RETAIL INC                 COM       741570105       4    2,3       12,600.00  SH            DEFINED     12,600  0       0
PSINET INC                       COM       74437C101     809    1,2,3     84,000.00  SH            DEFINED     84,000  0       0
QUANTA SERVICES          SUB NT CONV 4%07  74762EAA0   3,654    1,3    4,680,000.00  PRN           DEFINED
QUANTA SERVICES INC              COM       74762E102   1,853    1,3       65,300.00  SH            DEFINED     65,300  0       0
QWEST COMMUNICATIONS INTL        COM       749121109     506    3,4       10,506.00  SH            DEFINED     10,506  0       0
RADIO ONE INC                    CL A      75040P108      70    3,4        8,391.00  SH            DEFINED      8,391  0       0
RADIO ONE INC -CL D          CL D NON VTG  75040P405     119    3,4       16,782.00  SH            DEFINED
RADIO UNICA COMMUNICATIONS       COM       75040Q106      19    2,3        5,000.00  SH            DEFINED      5,000  0       0
RADISYS CORP                     COM       750459109   2,488    1,3       49,200.00  SH            DEFINED     49,200  0       0
RADISYS CORP           SUB NT CV 144A07    750459AA7   4,570    1,3    4,730,000.00  PRN           DEFINED
RATIONAL SOFTWAR       SUB NT CV 144A07    75409PAA1   7,452    1,3    3,600,000.00  PRN           DEFINED
RATIONAL SOFTWARE CORP          COM NEW    75409P202   6,639    1,3       95,700.00  SH            DEFINED     95,700  0       0
REPTRON ELEC           SB NT CV 6.75%04    76026WAA7     177    3        250,000.00  PRN           DEFINED
RGS ENERGY GROUP INC             COM       74956K104   2,182    2,3       77,500.00  SH            DEFINED     77,500  0       0
RHYTHMS NETCONNECTIONS INC       COM       762430205      37    2,3        5,000.00  SH            DEFINED      5,000  0       0
ROCKWELL INTL CORP               COM       773903109   2,292    2,3       75,600.00  SH            DEFINED     75,600  0       0
S3 INC                 SB NT CV 5.75%03    784849AC5     458    3        500,000.00  PRN           DEFINED
SAFEWAY INC                    COM NEW     786514208   3,735    1,3       80,000.00  SH            DEFINED     80,000  0       0
SCANA CORP                       COM       80589M102  15,459    2,3      500,400.00  SH            DEFINED    500,400  0       0
SCHERING PLOUGH                  COM       806605101   5,580    1,3      120,000.00  SH            DEFINED    120,000  0       0
SCHLUMBERGER LIMITED             COM       806857108   4,494    1,3       54,600.00  SH            DEFINED     54,600  0       0
SCI SYSTEMS INC      SUB NT CONV 3% 07     783890AF3   4,134    1,3    4,150,000.00  PRN           DEFINED
SCI SYSTEMS INC.                 COM       783890106   2,227    1,3       52,940.00  SH            DEFINED     52,940  0       0
SEMTECH CORP                     COM       816850101   2,019    1,3       48,800.00  SH            DEFINED     48,800  0       0
SHERWIN WILLIAMS CO              COM       824348106     748    2,3       35,000.00  SH            DEFINED     35,000  0       0
SHOPKO STORES INC                COM       824911101     674    2,3       65,000.00  SH            DEFINED     65,000  0       0
SIEBEL SYSTEMS INC               COM       826170102   1,113    1,3       10,000.00  SH            DEFINED     10,000  0       0
SIERRA PACIFIC RESOURCES         COM       826428104   1,396    2,3       77,500.00  SH            DEFINED     77,500  0       0
SIRIUS SATELLITE RADIO INC       COM       82966U103 124,450    2,3    2,353,672.00  SH            DEFINED  2,353,672  0       0
SOLECTRON CORP                   COM       834182107  45,335    1,2,3    965,600.00  SH            DEFINED    965,600  0       0
SOLECTRON CORP          SR LYON ZERO 20    834182AK3  83,750  1,2,3  125,000,000.00  PRN           DEFINED
SPANISH BROADCASTING SYS CLA    CL A       846425882   2,876    2,3      244,800.00  SH            DEFINED    244,800  0       0
SPRINT CORP              COM FON GROUP     852061100      84    3,4        2,856.00  SH            DEFINED      2,856  0       0
SPRINT CORP (PCS GROUP)  PCS COM SER 1     852061506   1,167    1,2,3,4   33,228.00  SH            DEFINED     33,228  0       0
SPX CORP                         COM       784635104   1,845    1,3       13,000.00  SH            DEFINED     13,000  0       0
STAR GAS PRTNR-SN SUB UTS SR SUB UN LTD    85512C204     382    2,3       42,434.00  PRN           DEFINED
STMICROELECTRON        SUB LYON ZERO 09    861012AB8  28,748  1,2,3   22,050,000.00  PRN           DEFINED
STMICROELECTRONICS NV-NY SHS     COM       861012102  28,158    1,2,3    530,660.00  SH            DEFINED    530,660  0       0
STORAGE TECH/NEW/COM     COM PAR $0.10     862111200      37    1,3        2,754.00  SH            DEFINED      2,754  0       0
SUN MICROSYSTEMS INC             COM       866810104   7,472    1,3       64,000.00  SH            DEFINED     64,000  0       0
SUNBEAM CORP            SRSDCV ZRO144A18   867071AA0   9,215    2,3   97,000,000.00  PRN           DEFINED
SYBASE INC                       COM       871130100   2,501    2,3      108,730.00  PRN           DEFINED
T/R SYSTEMS INC                  COM       87263U102     446    3,4       50,243.00  PRN           DEFINED
TAUBMAN CENTERS INC              COM       876664103   8,672    3        750,000.00  SH            DEFINED    750,000  0       0
TECNOMATIX TECHNOLOGIES LD       ORD       M8743P105      13    2,3        1,000.00  SH            DEFINED      1,000  0       0
TELLABS INC                      COM       879664100   3,868    1,3       81,000.00  SH            DEFINED     81,000  0       0
TEXAS INSTRUMENTS INC            COM       882508104   3,728    1,3       79,000.00  SH            DEFINED     79,000  0       0
TEXTRON INC                      COM       883203101   2,356    2,3       51,000.00  SH            DEFINED     51,000  0       0
THE HEALTHCARE COMPANY           COM       404119109   2,970    1,3       80,000.00  SH            DEFINED     80,000  0       0
THOUSAND TRAILS, INC             COM       885502104     718    2,3      159,660.00  SH            DEFINED    159,660  0       0
TIME WARNER INC                  COM       887315109   3,133    2,3       40,000.00  SH            DEFINED     40,000  0       0
TOWER AUTOMOTIVE INC             COM       891707101     567    2,3       60,500.00  SH            DEFINED     60,500  0       0
TRANSOCEON SEDCO FOREX INC       ORD       G90078109   3,260    1,3       55,606.00  SH            DEFINED     55,606  0       0
TRIBUNE CO NEW                   COM       896047107   6,631    1,2,3    152,000.00  SH            DEFINED    152,000  0       0
TRIQUINT SEMICON       SUB NT CV 144A07    89674KAA1     849    1,3    1,080,000.00  PRN           DEFINED
TRIQUINT SEMICON       SUB NT CV 4%07      89674KAB9   2,610    1,3    3,320,000.00  PRN           DEFINED
TRIQUINT SEMICONDUCTOR INC       COM       89674K103   1,819    1,3       50,000.00  SH            DEFINED     50,000  0       0
TRIZEC HAHN CORPORATION        SUB VTG     896938107     588    2,3       35,000.00  SH            DEFINED     35,000  0       0
TVX GOLD INC                   COM NEW     87308K200     813    2,3      500,380.00  PRN           DEFINED
TYCO INTERNATIONAL LTD           COM       902124106   5,551    1,3      107,000.00  SH            DEFINED    107,000  0       0
U.S. BANCORP                     COM       902973106   5,506    2,3      242,000.00  SH            DEFINED    242,000  0       0
UGLY DUCKLING CORP               COM       903512101     291    2,3       50,000.00  SH            DEFINED     50,000  0       0
UNISYS CORP                      COM       909214108     788    2,3       70,000.00  SH            DEFINED     70,000  0       0
UNOCAL CORP                      COM       915289102   5,188    2,3      146,400.00  SH            DEFINED    146,400  0       0
US AIR GROUP INC                 COM       911905107     228    2,3        7,500.00  SH            DEFINED      7,500  0       0
USEC INC                         COM       90333E108     253    2,3       59,500.00  SH            DEFINED     59,500  0       0
UST INC                          COM       902911106  18,872    2,3      825,000.00  SH            DEFINED    825,000  0       0
USX - MARATHON GROUP INC       COM NEW     902905827   2,412    2,3       85,000.00  SH            DEFINED     85,000  0       0
VAN KAMPEN MUNI OPPOR TRUST      COM       920935103     593    2,3       42,000.00  SH            DEFINED     42,000  0       0
VENTAS INC                       COM       92276F100      38    2,3        7,500.00  SH            DEFINED      7,500  0       0
VERIZON COMMUNICATIONS INC.      COM       92343V104   8,244    1,2,3    170,200.00  SH            DEFINED    170,200  0       0
VIATEL INC                       COM       925529208      51    2,3        5,000.00  SH            DEFINED      5,000  0       0
VISTEON CORP -W/I                COM       92839U107   1,059    2,3       70,000.00  SH            DEFINED     70,000  0       0
VODAFONE AIRTOUCH PLC-SP ADR  SPONS ADR    92857W100  35,067    1,2,3    940,700.00  SH            DEFINED    940,700  0       0
VORNADO REALTY TRUST          SH BEN INT   929042109     928    2,3       25,000.00  SH            DEFINED     25,000  0       0
WAL MART STORES INC              COM       931142103   3,104    1,3       64,500.00  SH            DEFINED     64,500  0       0
WASHINGTON GAS LIGHT CO          COM       938837101   1,398    2,3       52,000.00  SH            DEFINED     52,000  0       0
WASTE MANAGEMENT INC             COM       94106L109   1,133    2,3       65,000.00  SH            DEFINED     65,000  0       0
WELLS FARGO & COMPANY            COM       949746101   4,594    1,3      100,000.00  SH            DEFINED    100,000  0       0
WESTERN RESOURCES INC            COM       959425109     216    2,3       10,000.00  SH            DEFINED     10,000  0       0
WILLIAMS COS INC                 COM       969457100   3,773    1,3,4     89,312.00  SH            DEFINED     89,312  0       0
WIND RIVER SYSTEMS               COM       973149107   3,985    1,3       83,240.00  SH            DEFINED     83,240  0       0
WIND RIVER SYSTM      SUB NT CONV 5% 02    973149AC1   4,563    1,3    3,078,000.00  PRN           DEFINED
WISCONSIN ENERGY CORP            COM       976657106   1,738    2,3       87,100.00  SH            DEFINED     87,100  0       0
WORLDCOM INC.                    COM       98157D106   2,734    1,3       90,000.00  SH            DEFINED     90,000  0       0
XEROX CORP                       COM       984121103   1,166    2,3       77,700.00  SH            DEFINED     77,700  0       0
XTRA CORP                        COM       984138107     715    1,3       16,089.00  SH            DEFINED     16,089  0       0
</TABLE>
                             FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers: 4

Form 13F Information Table Entry Total:  2,382,904  (in thousands)

Form 13F Information Table Value Total: 311



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