FORM 13F COVER PAGE

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

Check here if Amendment [ x ]; Amendment Number:1
This Amendment (Check only one.):  [ x ] is a restatement.
                                   [   ] adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:    CNA Financial Corporation
Address: CNA Plaza
         Chicago,IL 60685


13F File Number:  28-346

The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true, correct, and complete, and
that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form.


Person Signing this Report on Behalf of Reporting Manager:

Name: Lynne Gugenheim
Title:  Senior Vice President and Deputy General Counsel
Phone: (312) 822 4921
Signature, Place, and Date of Signing:
November 12, 2002
Chicago, Illinois,  60685

I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934

Report Type (Check only one.):

 [  X ]              13F HOLDINGS REPORT.

 [    ]              13F NOTICE.

 [    ]              13F COMBINATION REPORT.

List of Other Managers Reporting for this Manager:

Assets reported herein are described as having shared
investment discretion among Loews Corporation, CNA
Financial Corporation,The Continental Corporation,
Continental Casualty Company and Continental Assurance
Company. Each of the foregoing entities specifically disclaims
ownership of any securities in this report which are not
beneficially owned by that entity and states that such
assets are solely under the control of its board of directors.
The characterization of shared investment discretion with parent
holding companies is made solely as a consequence of SEC
interpretations regarding control of the subsidiary through
share ownership.  Loews Corporation owns approximately 90%
of the outstanding shares of CNA Financial Corporation;
CNA Financial Corporation owns 100% of the outstanding
shares of Continental Casualty Company and The Continental
Corporation; and Continental Casualty Company owns 100%
of the outstanding shares of Continental Assurance Company.
Loews Corporation will report separately on securities over which
it has investment discretion which are not part of this report.
<Page>

FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers: 4

Form 13F Information Table Entry Total: 226

Form 13F Information Table Value Total: 2,786,113   (in thousands)



List of Other Included Managers:

No.     13F File Number  Name

   1     28-172         The Continental Corporation
   2    28 -217         Loews Corporation
   3     28-386         Continental Assurance Company
   4     28-387         Continental Casualty Company
<Page>

<Table><S><C>
                                             13F INFORMATION TABLE
                              CLASS                  VALUE     OTHER                  PUT/  INVSTMT  VOTING AUTHORITY
NAME OF ISSUER                TITLE       CUSIP     (X1000)    MGRS     AMOUNT  TYPE  CALL  DSCRETN  SOLE   SH  NONE
ACME COMMUNICATIONS INC          COM     004631107   15,431     4,2    674,595    SH        DEFINED  674,595
ACX TECHNOLOGIES                 COM     005123104      0       2,1       2       SH        DEFINED     2
ADVANTICA RESTAURANT GRP         COM     00758B109    5,816     4,2   3,877,287   SH        DEFINED 3,877,287
AES CORP                     JR SBDB CV  00130HAN5    8,344     3,2   5,445,000   PRN       DEFINED
AFFIL COMPUTER                SB NT CV   008190AD2    4,921     3,2   4,720,000   PRN       DEFINED
AGILENT TECHNOLOGIES INC         COM     00846U101    2,288     3,2     22,000    SH        DEFINED   22,000
AGNICO-EAGLE MINES LTD           COM     008474108    2,030     4,2    365,000    SH        DEFINED  365,000
AIR PRODUCTS & CHEMICAL          COM     009158106     569      4,2     20,000    SH        DEFINED   20,000
ALLIN COMMUNICATIONS CORP        COM     019924109    1,169     4,2    340,000    SH        DEFINED  340,000
ALLTEL CORP                      COM     020039103    6,328    4,2,1   100,352    SH        DEFINED  100,352
ALPHARMA INC                  SB NT CV   020813AB7    7,168     3,2   5,280,000   PRN       DEFINED
ALTIVA FINANCIAL CORP           COM      021497300     52       4,2     32,000    SH        DEFINED   32,000
AMERADA HESS                     COM     023551104    1,616     4,2     25,000    SH        DEFINED   25,000
AMERICA ONLINE INC               COM     02364J104    4,237     3,2     63,000    SH        DEFINED   63,000
AMERICA WEST HOLDINGS           CL B     023657208     330      3,2     21,278    SH        DEFINED   21,278
AMERICAN BUSINESS FINL SVCS      COM     02476B106     443      4,2     25,042    SH        DEFINED   25,042
AMERICAN CAPITAL STRATEGIES      COM     024937104    4,123     4,2    162,500    SH        DEFINED  162,500
AMERICAN EXPRESS                 COM     025816109    3,723     3,2     25,000    SH        DEFINED   25,000
AMERICAN INTL GROUP INC          COM     026874107     999      4,2     9,127     SH        DEFINED   9,127
AMR  CORP                        COM     001765106    1,913     4,2     60,000    SH        DEFINED   60,000
ANHEUSER BUSCH CO                COM     035229103    2,185     4,2     35,100    SH        DEFINED   35,100
ANTEC CORP                    SB NT CV   03664PAA3    4,323     4,2   2,250,000   PRN       DEFINED
AON CORP                         COM     037389103    2,148     4,2     66,600    SH        DEFINED   66,600
APPLIED MATERIALS INC.           COM     038222105    9,048     3,2     48,000    SH        DEFINED   48,000
ARCHER DANIELS                   COM     039483102    9,287     4,2    900,578    SH        DEFINED  900,578
ARGUSS HOLDINGS INC              COM     040282105    8,212     3,2    367,012    SH        DEFINED  367,012
ASHANTI GOLDFIELDS               GDR     043743202    1,233     4,2    580,000    SH        DEFINED  580,000
AT & T CORPORATION               COM     001957109   22,525     4,2    400,000    SH        DEFINED  400,000
BANGOR HYDRO-ELECTRIC CO         COM     060077104     116      4,2     6,700     SH        DEFINED   6,700
BANK ONE CORP                    COM     06423A103    4,538     4,2    132,000    SH        DEFINED  132,000
BANK UNITED CORP                CL A     065412108    2,209     3,2     70,000    SH        DEFINED   70,000
BAYCORP HOLDINGS LTD             COM     072728108    8,653     3,2    397,842    SH        DEFINED  397,842
BECTON DICKINSON & CO            COM     075887109    4,328     4,2    164,500    SH        DEFINED  164,500
BELL ATLANTIC CORP               COM     077853109    2,139     4,2     35,000    SH        DEFINED   35,000
BELLSOUTH CORP                   COM     079860102    1,641     4,2     35,000    SH        DEFINED   35,000
BEVERLY ENTERPRISES INC         COM      087851309    3,078     4,2    834,900    SH        DEFINED  834,900
BOEING COMPANY                   COM     097023105    3,781     4,2    100,000    SH        DEFINED  100,000
BUCKHEAD AMERICA CORP            COM     11835A105     111      4,2     21,579    SH        DEFINED   21,579
BURLINGTON NORTHERN SANTA FE     COM     12189T104   13,768     4,2    605,200    SH        DEFINED  605,200
BURLINGTON RESOURCES INC         COM     122014103    2,220     4,2     60,000    SH        DEFINED   60,000
CABOT INDUSTRIAL TRUST           COM     127072106     261      4,2     14,000    SH        DEFINED   14,000
CANADIAN NATL RAILWAY CO         COM     136375102      6       3,2      224      SH        DEFINED    224
CAPITAL ONE FINANCIAL CORP       COM     14040H105    2,397     4,2     50,000    SH        DEFINED   50,000
CARDINAL HEALTH  INC.            COM     14149Y108    3,194     3,2     69,625    SH        DEFINED   69,625
CARNIVAL CORP                    COM     143658102    2,233     3,2     90,000    SH        DEFINED   90,000
CATELLUS DEVELOPMENT CORP        COM     149111106    1,495     4,2    107,724    SH        DEFINED  107,724
CH ENERGY GROUP INC.             COM     12541M102     987      4,2     32,500    SH        DEFINED   32,500
CHARTER COMMUNICATIONS INC-A    CL A     16117M107    2,794     4,2    195,000    SH        DEFINED  195,000
CISCO SYSTEMS INC                COM     17275R102   16,236     3,2    210,000    SH        DEFINED  210,000
CITIGROUP INC                    COM     172967101    4,804     3,2     81,000    SH        DEFINED   81,000
CNA INCOME SHARES INC            COM     126119106     939      4,2    126,125    SH        DEFINED  126,125
CNA SURETY CORPORATION           COM     12612L108   377,655   4,2,1  27,096,347  SH        DEFINED 27,096,347
COMCAST CORP                  CL A SPL   200300200    5,205     3,2    120,000    SH        DEFINED  120,000
COMMUNICATION INTELLIGENCE       COM     20338K106    4,476     4,2    750,000    SH        DEFINED  750,000
CONECTIV INC                     COM     206829103     919      4,2     52,500    SH        DEFINED   52,500
CREDENCE SYSTEMS               NT CV     225302AC2    6,550     3,2   3,550,000   PRN       DEFINED
CREDENCE SYSTEMS CORP            COM     225302108     501       2      4,000     SH        DEFINED   4,000
CRESCENT REAL ESTATE EQT         COM     225756105    1,575     4,2     90,000    SH        DEFINED   90,000
CROWN RESOURCE CORP              COM     228569109     693      4,2    501,400    SH        DEFINED  501,400
CYANOTECH CORP                  COM      232437202    1,172     2,1    493,400    SH        DEFINED  493,400
DTE ENERGY COMPANY               COM     233331107    1,313     4,2     45,000    SH        DEFINED   45,000
EASTERN UTILITIES ASSOC          COM     277173100    2,667     4,2     85,000    SH        DEFINED   85,000
EAST-WEST BANCORP INC.           COM     27579R104   22,124     4,2   2,000,000   SH        DEFINED 2,000,000
ECOLAB INC                       COM     278865100     44        2      1,200     SH        DEFINED   1,200
EMC CORPORATION                  COM     268648102    7,163     3,2     57,300    SH        DEFINED   57,300
ENGEL GENERAL DEVELOPERS         ORD     M40515104     465      4,2    120,000    SH        DEFINED  120,000
ENRON CORP                       COM     293561106   10,483     3,2    140,000    SH        DEFINED  140,000
EQUANT NV                     NY REGSHS  294409107    2,977     3,2     35,000    SH        DEFINED   35,000
EQUITY OFFICE PROPERTIES         COM     294741103    2,643     4,2    105,200    SH        DEFINED  105,200
EQUITY OFFICE PROPERTIES TR   PFD CV B   294741509    7,106     4,2    187,000    SH        DEFINED  187,000
EQUITY RESIDENTIAL PROPERTY TSH BEN INT  29476L107   13,652     4,2    339,700    SH        DEFINED  339,700
ESTEE LAUDER COMPANIES          CL A     518439104     50       4,2     1,000     SH        DEFINED   1,000
EXCITE@HOME                   SB NT CV   045919AD9    2,408     4,2   3,000,000   PRN       DEFINED
EXIGENT INTERNATIONAL INC        COM     302056106      1       3,2      125      SH        DEFINED    125
FIRST ALLIANCE CORP/CA           COM     317936102     476      4,2    262,500    SH        DEFINED  262,500
FIRST DATA CORP                  COM     319963104    3,319     3,2     75,000    SH        DEFINED   75,000
FORD MOTOR COMPANY               COM     345370100    8,269     4,2    180,000    SH        DEFINED  180,000
FRIEDMAN BILLINGS RAMSEY        CL A     358433100     555      4,2     51,000    SH        DEFINED   51,000
GENENTECH INC                SUB DEB CV  368710AA7    6,878     4,2   7,165,000   PRN       DEFINED
GENERAL COMMUNICATION           CL A     369385109     43       3,2     7,913     SH        DEFINED   7,913
GENERAL ELECTRIC CO              COM     369604103    6,673     3,2     43,000    SH        DEFINED   43,000
GENZYME CORP                  SB NT CV   372917AF1    3,918     3,2   2,700,000   PRN       DEFINED
GILLETTE CO.                     COM     375766102    3,543     3,2     94,000    SH        DEFINED   94,000
GLAMIS GOLD LTD                  COM     376775102    2,364     4,2   1,260,740   SH        DEFINED 1,260,740
GLENBOROUGH REALTY TRUST         COM     37803P105     363      4,2     25,000    SH        DEFINED   25,000
GLOBAL CROSSING LTD              COM     G3921A100  1,479,575   4,2   36,142,735  SH        DEFINED 36,142,735
GOLD STANDARD INC               COM      380724302     191      4,2     82,813    SH        DEFINED   82,813
GOLDCORP INC                 CL A SUB VT 380956102    2,282     4,2    375,000    SH        DEFINED  375,000
GOLDEN STATE BANCORP             COM     381197102    2,137     4,2    143,100    SH        DEFINED  143,100
GREENPOINT FINANCIAL CORP        COM     395384100    1,005     4,2     51,200    SH        DEFINED   51,200
HAYES LEMMERZ INTL INC COM       COM     420781106    5,441     4,2    284,500    SH        DEFINED  284,500
HEALTHCARE REALTY TRUST          COM     421946104    6,544     4,2    390,700    SH        DEFINED  390,700
HEALTHSOUTH CORP.                COM     421924101    5,687     4,2   1,000,000   SH        DEFINED 1,000,000
HEINZ H J CO                     COM     423074103     157      4,2     4,500     SH        DEFINED   4,500
HEWLET-PACKARD                SB LYONZR  428236AC7   45,602     4,2   60,500,000  PRN       DEFINED
HEWLETT-PACK FIN              SB LYONZR  428236AA1   11,306     4,2   15,000,000  PRN       DEFINED
HOME DEPOT                       COM     437076102     774       2      12,000    SH        DEFINED   12,000
HORIZON GROUP PROPERTIES         COM     44041U102      3       4,2      630      SH        DEFINED    630
HUMANA INC.                      COM     444859102    1,280     4,2    175,000    SH        DEFINED  175,000
IDACORP INC                      COM     451107106    1,199     4,2     34,500    SH        DEFINED   34,500
ILLINOIS TOOL WORKS INC          COM     452308109    2,862     3,2     51,800    SH        DEFINED   51,800
IMC GLOBAL INC                   COM     449669100    1,475     4,2    100,000    SH        DEFINED  100,000
IMPERIAL CREDIT COMMERCIAL       COM     45272T102    1,725     4,2    150,000    SH        DEFINED  150,000
INFINITY BROADCASTING CORP      CL A     45662S102    3,108     3,2     96,000    SH        DEFINED   96,000
INSWEB CORPORATION               COM     45809K103   13,489     4,2   1,401,467   SH        DEFINED 1,401,467
INTEL CORP                       COM     458140100    5,884     3,2     44,600    SH        DEFINED   44,600
INTERMEDIA COMMUNICATIONS        COM     458801107    5,218     3,2    108,000    SH        DEFINED  108,000
INTL BUSINESS MACHINE            COM     459200101    3,705     3,2     31,400    SH        DEFINED   31,400
INTERSTATE BAKERIES              COM     46072H108    6,056     4,2    425,000    SH        DEFINED  425,000
JPS INDUSTRIES INC               COM     46624E405    1,467     4,2    419,243    SH        DEFINED  419,243
KEMPER INTERMEDIATE GOVT TR  SH BEN INT  488413105     946      4,2    149,800    SH        DEFINED  149,800
KEYSPAN CORPORATION              COM     49337W100    9,748     4,2    352,860    SH        DEFINED  352,860
KEYSTONE FINANCIAL INC           COM     493482103     19       2,1     1,013     SH        DEFINED   1,013
KROGER COMPANY                   COM     501044101    5,343    3,4,2   304,200    SH        DEFINED  304,200
L-3 COMMUNICATIONS CORP          COM     502424104    2,272     3,2     43,700    SH        DEFINED   43,700
LASALLE RE HOLDINGS              ORD     G5383Q101   19,777     4,2   1,425,354   SH        DEFINED 1,425,354
LIBERTY MEDIA                   COM      001957208   16,532     3,2    279,024    SH        DEFINED  279,024
LIBERTY PROPERTY TRUST       SH BEN INT  531172104    4,550     4,2    190,100    SH        DEFINED  190,100
LILLY (ELI) & CO.                COM     532457108    2,381     3,2     37,800    SH        DEFINED   37,800
LOCKHEED MARTIN CORP             COM     539830109    1,022     4,2     50,000    SH        DEFINED   50,000
LORAL SPACE & COMM               COM     G56462107    1,645     3,2    161,500    SH        DEFINED  161,500
MACK-CALI REALTY CORP            COM     554489104     255      4,2     10,000    SH        DEFINED   10,000
MATTEL INC                       COM     577081102    5,250     4,2    500,000    SH        DEFINED  500,000
MCKESSON HBOC INC                COM     58155Q103    2,262     4,2    107,700    SH        DEFINED  107,700
MCLEODUSA INC                    COM     582266102     848       2      10,000    SH        DEFINED   10,000
MEDIAONE GROUP, INC              COM     58440J104    1,046     2,1     12,917    SH        DEFINED   12,917
MEDTRONIC INC                    COM     585055106    6,173     3,2    120,000    SH        DEFINED  120,000
MELLON FINANCIAL CORP            COM     58551A108     387       2      13,000    SH        DEFINED   13,000
MERIDIAN GOLD INC                COM     589975101    1,512     4,2    265,000    SH        DEFINED  265,000
MGIC AETNA INC.                  COM     008117103   12,071     4,2    217,500    SH        DEFINED  217,500
MGIC GPU INC.                    COM     36225X100     958      4,2     35,000    SH        DEFINED   35,000
MICROCELL TELECOMM           CL B NONVTG 59501T304     472      4,2     10,647    SH        DEFINED   10,647
MICROSOFT CORP                   COM     594918104    4,569     3,2     43,000    SH        DEFINED   43,000
MOLEX                        CL A NONVTG 608554200    3,860     3,2     86,993    SH        DEFINED   86,993
MORRISON KNUDSEN CORP          WT EXP    61844A117      0       2,1       35      SH   CALL DEFINED
MOTOROLA INC                     COM     620076109    5,553     3,2     39,000    SH        DEFINED   39,000
MSDW ASIA PACIFIC FUND           COM     61744U106    2,065     4,2    189,900    SH        DEFINED  189,900
MSDW INDIA INVESTMENT FUND       COM     61745C105     533      4,2     40,400    SH        DEFINED   40,400
NACCO INDS INC CL A             CL A     629579103     820      4,2     17,100    SH        DEFINED   17,100
NATL DATA CORP                 SUB NT    635621AA3    3,878     3,2   4,610,000   PRN       DEFINED
NETOPIA INC                      COM     64114K104    1,148     2,1     15,957    SH        DEFINED   15,957
NIAGARA MOHAWK HOLDINGS          COM     653520106    3,195     4,2    236,700    SH        DEFINED  236,700
NORFOLK SOUTHERN CORP.           COM     655844108    2,907     4,2    204,000    SH        DEFINED  204,000
NORTH FORK BANCORPORATION        COM     659424105    2,275     4,2    127,250    SH        DEFINED  127,250
OGE ENERGY CORP                  COM     670837103    1,522     4,2     79,300    SH        DEFINED   79,300
OMNICARE INC                 SUB DEB CV  681904AD0     368       2     500,000    PRN       DEFINED
ON COMMAND CORPORATION           COM     682160106    5,287     4,2    352,480    SH        DEFINED  352,480
ON COMMAND CORPORATION          WT B     682160122     554      4,2    123,130    SH   CALL DEFINED
OWENS-ILL INC                 PFD CONV   690768502    1,783     4,2     65,900    SH        DEFINED   65,900
OWENS-ILLINOIS INC              COM      690768403     926      4,2     54,900    SH        DEFINED   54,900
PACTIV CORPORATION               COM     695257105    1,651     4,2    190,000    SH        DEFINED  190,000
PENNEY (J.C.) CO.  INC.          COM     708160106    1,934     4,2    130,000    SH        DEFINED  130,000
PEPSI BOTTLING GROUP INC         COM     713409100    7,600     4,2    380,000    SH        DEFINED  380,000
PEPSICO INCORPORATED             COM     713448108    3,180     3,2     92,000    SH        DEFINED   92,000
PFIZER INC                       COM     717081103    4,863     3,2    133,000    SH        DEFINED  133,000
PHILIP MORRIS COMPANIES INC      COM     718154107   24,213     4,2   1,166,900   SH        DEFINED 1,166,900
PITNEY-BOWES  INC                COM     724479100    2,011     3,2     45,000    SH        DEFINED   45,000
PLACER DOME INC                  COM     725906101    3,479     4,2    445,352    SH        DEFINED  445,352
POLICY MANAGEMENT SYSTEMS COE    COM     731108106   18,228     4,2   1,519,024   SH        DEFINED 1,519,024
POTASH CORP OF SASKATCHEWAN      COM     73755L107    4,395     4,2     87,900    SH        DEFINED   87,900
POTOMAC ELECTRIC POWER           COM     737679100   20,134     4,2    889,900    SH        DEFINED  889,900
PREMIER PARKS                   COM      740540208     229       2      10,900    SH        DEFINED   10,900
PRIME HOSPITALITY CORP           COM     741917108     46       4,2     6,375     SH        DEFINED   6,375
PRIME RETAIL INC                 COM     741570105     28       4,2     12,600    SH        DEFINED   12,600
PRISON REALTY TRUST INC          COM     74264N105     668      4,2    218,300    SH        DEFINED  218,300
PROCTER & GAMBLE CO              COM     742718109    3,988    3,4,2    70,900    SH        DEFINED   70,900
PROVIDIAN FINANCIAL CORP         COM     74406A102    1,299     4,2     15,000    SH        DEFINED   15,000
PSINET INC                       COM     74437C101    2,755     3,2     81,000    SH        DEFINED   81,000
RADIO ONE INC                   CL A     75040P108     559      2,1     8,391     SH        DEFINED   8,391
RAYTHEON CO. COM                CL B     755111408     888      4,2     50,000    SH        DEFINED   50,000
REYNOLDS METALS CO               COM     761763101    3,050     4,2     45,600    SH        DEFINED   45,600
RGS ENERGY GROUP INC             COM     74956K104    1,647     4,2     77,500    SH        DEFINED   77,500
ROCKWELL INTL CORP               COM     773903109    1,112     4,2     26,600    SH        DEFINED   26,600
SAFEWAY INC                     COM      786514208    4,525    3,4,2   100,000    SH        DEFINED  100,000
SANMINA CORP                  SB DB CV   800907AA5    1,849     3,2   1,130,000   PRN       DEFINED
SANMINA CORP                  SUB NTCV   800907AB3    6,087     3,2   3,720,000   PRN       DEFINED
SBC COMMUNICATIONS INC           COM     78387G103     843      4,2     20,000    SH        DEFINED   20,000
SCANA CORP                       COM     80589M102    9,640     4,2    392,466    SH        DEFINED  392,466
SCHERING PLOUGH                  COM     806605101    4,410     3,2    120,000    SH        DEFINED  120,000
SCHLUMBERGER LIMITED             COM     806857108    4,942     3,2     64,600    SH        DEFINED   64,600
SEACOR HOLDINGS               SUBNTCV    811904AE1     511       2     500,000    PRN       DEFINED
SEAGATE TECHNOLOGY INC.          COM     811804103     615      4,2     10,000    SH        DEFINED   10,000
SFX ENTERTAINMENT INC           CL A     784178105     41       4,2     1,000     SH        DEFINED   1,000
SIEBEL SYSTEMS INC               COM     826170102    2,986     3,2     25,000    SH        DEFINED   25,000
SIERRA PACIFIC RESOURCES         COM     826428104     969      4,2     77,500    SH        DEFINED   77,500
SMITH CHARLES E RESIDENTIAL      COM     832197107     271      4,2     7,500     SH        DEFINED   7,500
SOLECTRON CORP                   COM     834182107    1,605     3,2     40,000    SH        DEFINED   40,000
SOLUTIA INC                      COM     834376105    1,078     4,2     80,600    SH        DEFINED   80,600
SPANISH BROADCASTING SYS CLA    CL A     846425882     235      4,2     10,000    SH        DEFINED   10,000
SPEEDWAY MOTORSP              SB DB CV   847788AC0    4,572     3,2   4,781,000   PRN       DEFINED
SPLITROCK SERVICES INC           COM     848636304     832      4,2     20,364    SH        DEFINED   20,364
SPRINT CORP                     COM      852061100    5,913    3,2,1    93,856    SH        DEFINED   93,856
SPRINT CORP (PCS GROUP)       COM SER1   852061506     94       2,1     1,428     SH        DEFINED   1,428
STAR GAS PARTNER              SR SUB UN  85512C204     191      4,2     42,434    PRN       DEFINED
STMICROELECTRON              SUB LYONZR  861012AB8   47,036    3,4,2  28,550,000  PRN       DEFINED
STORAGE TECHNOLOGY              COM      862111200     44       3,2     2,754     SH        DEFINED   2,754
SUN MICROSYSTEMS INC             COM     866810104    7,028     3,2     75,000    SH        DEFINED   75,000
SUNBEAM CORP                  SRSDCV ZR  867071AA0   16,248     4,2   97,000,000  PRN       DEFINED
TANDY CORP                       COM     875382103    3,167     3,2     62,400    SH        DEFINED   62,400
TECNOMATIX TECHNOLOGIES LTD      ORD     M8743P105     43       4,2     1,000     SH        DEFINED   1,000
TEEKAY SHIPPING CORP             COM     Y8564W103    1,516     4,2     55,000    SH        DEFINED   55,000
TELLABS INC                      COM     879664100    4,472     3,2     71,000    SH        DEFINED   71,000
TEXAS INSTRUMENTS INCORPORATE    COM     882508104    6,880     3,2     43,000    SH        DEFINED   43,000
THOUSAND TRAILS, INC             COM     885502104     778      4,2    159,660    SH        DEFINED  159,660
TOWER AUTOMOTIVE              SB NT CV   891707AE1    4,830     3,2   5,600,000   PRN       DEFINED
TRIBUNE CO NEW                   COM     896047107    3,985    3,4,2   109,000    SH        DEFINED  109,000
TVX GOLD INC                     COM     87308K101    1,876     4,2   2,501,900   SH        DEFINED 2,501,900
TYCO INTERNATIONAL LTD           COM     902124106    4,838     3,2     97,000    SH        DEFINED   97,000
UGLY DUCKLING CORP               COM     903512101     384      4,2     50,000    SH        DEFINED   50,000
UNION PACIFIC                    COM     907818108    3,916     4,2    100,100    SH        DEFINED  100,100
UNITED TECHNOLOGIES CORP.        COM     913017109    2,932     3,2     46,400    SH        DEFINED   46,400
UNOCAL CORP                      COM     915289102    2,053     4,2     69,000    SH        DEFINED   69,000
US AIR GROUP INC                 COM     911905107     417      4,2     15,000    SH        DEFINED   15,000
US WEST INC                      COM     91273H101     21       3,2      293      SH        DEFINED    293
USEC INC                         COM     90333E108     283      4,2     59,500    SH        DEFINED   59,500
UST INC                          COM     902911106   19,520     4,2   1,249,300   SH        DEFINED 1,249,300
WAL MART STORES INC              COM     931142103    2,470     3,2     44,500    SH        DEFINED   44,500
WASHINGTON GAS LIGHT CO          COM     938837101    2,808     4,2    103,300    SH        DEFINED  103,300
WASTE MANAGEMENT INC             COM     94106L109    1,560     4,2    114,000    SH        DEFINED  114,000
WELLS FARGO & COMPANY            COM     949746101    3,684     3,2     90,000    SH        DEFINED   90,000
WILLIAMS COS INC                 COM     969457100    8,977   3,4,2,1  204,312    SH        DEFINED  204,312
WIND RIVER SYSTM             SUB NT CONV 973149AC1    3,742     3,2   3,078,000   PRN       DEFINED
WISCONSIN ENERGY CORP            COM     976657106    1,176     4,2     59,000    SH        DEFINED   59,000
WPS RESOURCES CORP               COM     92931B106    1,123     4,2     43,300    SH        DEFINED   43,300
XEROX CORP                       COM     984121103    2,020     4,2     77,700    SH        DEFINED   77,700
XTRA CORP                        COM     984138107     611      3,2     16,089    SH        DEFINED   16,089
</Table>