FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: June 30, 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: 235

Form 13F Information Table Value Total: 2,027,915   (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   12,311     4,2    674,595     SH        DEFINED  674,595
ADVANCED ENERGY               SUB NT CV  007973AA8    4,797     3,2   3,550,000   PRN        DEFINED
ADVANTICA RESTAURANT GROUP       COM     00758B109    3,753     4,2   3,877,287    SH        DEFINED 3,877,287
AES CORP                     JR SBDB CV  00130HAN5    5,317     3,2   3,045,000   PRN        DEFINED
AFFIL COMPUTER               SB NT CV    008190AD2    4,602     3,2   4,720,000   PRN        DEFINED
AGILENT TECHNOLOGIES INC         COM     00846U101    3,098     3,2     42,000     SH        DEFINED   42,000
AGNICO-EAGLE MINES LTD           COM     008474108    1,545     4,2    240,000     SH        DEFINED  240,000
ALCOA INC                        COM     013817101    9,692    3,4,2   334,200     SH        DEFINED  334,200
ALLIN COMMUNICATIONS CORP        COM     019924109     786      4,2    340,000     SH        DEFINED  340,000
ALLTEL CORP                      COM     020039103    6,216    4,2,1   100,352     SH        DEFINED  100,352
AMERADA HESS                     COM     023551104    1,544     4,2     25,000     SH        DEFINED   25,000
AMERICA ONLINE INC               COM     02364J104    3,323     3,2     63,000     SH        DEFINED   63,000
AMERICA WEST HOLDINGS           CL B     023657208     364      3,2     21,278     SH        DEFINED   21,278
AMERICAN BUSINESS FINL SVCS      COM     02476B106     286      4,2     25,042     SH        DEFINED   25,042
AMERICAN CAPITAL STRATEGIES      COM     024937104    3,880     4,2    162,500     SH        DEFINED  162,500
AMERICAN EXPRESS                 COM     025816109    4,431     3,2     85,000     SH        DEFINED   85,000
AMERICAN INTL GROUP INC          COM     026874107    1,072     4,2     9,127      SH        DEFINED   9,127
AMERICAN TOWER                 NT CV     029912AE2     971      3,2    960,000    PRN        DEFINED
AMR  CORP                        COM     001765106    1,256     4,2     47,500     SH        DEFINED   47,500
ANADARKO PETROLEUM CORP          COM     032511107    4,882     4,2     99,000     SH        DEFINED   99,000
ANHEUSER BUSCH CO                COM     035229103    2,622     4,2     35,100     SH        DEFINED   35,100
ANTEC CORP                    SB NT CV   03664PAA3    3,983     4,2   2,250,000   PRN        DEFINED
AON CORP                         COM     037389103     795      4,2     25,600     SH        DEFINED   25,600
APPLIED MATERIALS INC.           COM     038222105    8,609     3,2     95,000     SH        DEFINED   95,000
ARCHER DANIELS                   COM     039483102    9,321     4,2    949,978     SH        DEFINED  949,978
ARGUSS COMMUNICATIONS INC        COM     040282105    7,947     4.2    421,012     SH        DEFINED  421,012
ASHANTI GOLDFIELDS               GDR     043743202    1,015     4,2    580,000     SH        DEFINED  580,000
AT & T CORPORATION               COM     001957109   12,725     4,2    400,000     SH        DEFINED  400,000
BANK UNITED CORP-CL A           CL A     065412108    2,463     3,2     70,000     SH        DEFINED   70,000
BAYCORP HOLDINGS LTD             COM     072728108    3,140     3,2    386,442     SH        DEFINED  386,442
BECTON DICKINSON & CO            COM     075887109    3,586     4,2    125,000     SH        DEFINED  125,000
BELL ATLANTIC CORP               COM     077853109    2,287     3.2     45,000     SH        DEFINED   45,000
BEVERLY ENTERPRISES INC         COM      087851309    2,348     4,2    834,900     SH        DEFINED  834,900
BLACKROCK INSD MUNI TERM         COM     092474105     894      4,2     89,400     SH        DEFINED   89,400
BLACKROCK MUNI TARGET TRUST      COM     09247M105     866      4,2     85,500     SH        DEFINED   85,500
BLOCK H & R INC                  COM     093671105    2,752     4,2     85,000     SH        DEFINED   85,000
BOEING COMPANY                   COM     097023105    7,317     4,2    175,000     SH        DEFINED  175,000
BOSTON PROPERTIES INC            COM     101121101    8,324      2     215,500     SH        DEFINED  215,500
BRISTOL-MYERS SQUIBB CO          COM     110122108    8,738     3.2    150,000     SH        DEFINED  150,000
BUCKHEAD AMERICA CORP            COM     11835A105     111      3.2     21,579     SH        DEFINED   21,579
BURLINGTON RESOURCES INC         COM     122014103    3,634     3.2     95,000     SH        DEFINED   95,000
CABOT INDUSTRIAL TRUST           COM     127072106     276      3.2     14,000     SH        DEFINED   14,000
CAMBREX CORP                     COM     132011107     383       2      8,500      SH        DEFINED   8,500
CANADIAN NATL RAILWAY CO         COM     136375102      7       3,2      224       SH        DEFINED    224
CAPITAL ONE FINANCIAL CORP       COM     14040H105    2,231     4,2     50,000     SH        DEFINED   50,000
CARDINAL HEALTH  INC.            COM     14149Y108    4,782     3,2     64,625     SH        DEFINED   64,625
CATELLUS DEVELOPMENT             COM     149111106    1,616     4,2    107,724     SH        DEFINED  107,724
CENTRAL VERMONT PUB SERV         COM     155771108     518      4,2     47,100     SH        DEFINED   47,100
CH ENERGY GROUP INC.             COM     12541M102    1,103     4,2     32,500     SH        DEFINED   32,500
CISCO SYSTEMS INC                COM     17275R102   12,713     3,2    200,000     SH        DEFINED  200,000
CITIGROUP INC                    COM     172967101    4,880     3,2     81,000     SH        DEFINED   81,000
CNA INCOME SHARES INC            COM     126119106    1,025     4,2    130,042     SH        DEFINED  130,042
CNA SURETY CORPORATION           COM     12612L108   323,463   4,2,1  27,096,347   SH        DEFINED 27,096,347
COMCAST CORP                  CL A SPL   200300200    8,910    3,4,2   220,000     SH        DEFINED  220,000
COMMUNICATION INTELLIGENCE       COM     20338K106    3,363     4,2    750,000     SH        DEFINED  750,000
CONECTIV INC                     COM     206829103    1,050     4,2     67,500     SH        DEFINED   67,500
CONSOLIDATED EDISON INC          COM     209115104    1,037     4,2     35,000     SH        DEFINED   35,000
CREDENCE SYSTEMS CORP            COM     225302108     331       2      6,000      SH        DEFINED   6,000
CRESCENT REAL ESTATE EQT         COM     225756105    1,229     4,2     60,000     SH        DEFINED   60,000
CROWN RESOURCE CORP              COM     228569109     355      4,2    501,400     SH        DEFINED  501,400
DOW CHEMICAL CORP                COM     260543103    4,890     4,2    162,000     SH        DEFINED  162,000
DU PONT DE NEMOURS E.I.          COM     263534109    2,844     4,2     65,000     SH        DEFINED   65,000
EAST-WEST BANCORP INC.           COM     27579R104   28,750     4,2   2,000,000    SH        DEFINED 2,000,000
EBIX.COM INC                     COM     278715107    1,553     2.1    304,924     SH        DEFINED  304,924
EMC CORPORATION                  COM     268648102    6,647     3,2     86,400     SH        DEFINED   86,400
EMERSON ELECTRIC COMPANY         COM     291011104    5,784    3,4,2    95,800     SH        DEFINED   95,800
ENCOMPASS SERVICES CORP          COM     29255U104     393      4,2     68,397     SH        DEFINED   68,397
ENGEL GENERAL DEVELOPERS         ORD     M40515104     390      4,2    120,000     SH        DEFINED  120,000
ENRON CORP                       COM     293561106    9,030     3,2    140,000     SH        DEFINED  140,000
EQUANT NV                    NY REG SHS  294409107    1,935     3,2     45,000     SH        DEFINED   45,000
EQUITY OFFICE PROPERTIES         COM     294741103    1,378      2      50,000     SH        DEFINED   50,000
EQUITY OFFICE PROPERTIES TR   PFD CV B   294741509    1,758     4,2     41,600     SH        DEFINED   41,600
EQUITY RESIDENTIAL PROPERTY TSH BEN INT  29476L107    9,197      2     200,000     SH        DEFINED  200,000
ERICSSON (LM) TEL            ADR CL B SE 294821400     300       2      15,000     SH        DEFINED   15,000
ESTEE LAUDER COMPANIES          CL A     518439104     49       4,2     1,000      SH        DEFINED   1,000
EXCITE@HOME                   SB NT CV   045919AD9   12,996    3,4,2  18,500,000  PRN        DEFINED
FIRST DATA CORP                  COM     319963104    3,722     3,2     75,000     SH        DEFINED   75,000
FORD MOTOR COMPANY               COM     345370100    4,958     4,2    115,300     SH        DEFINED  115,300
FRIEDMAN BILLINGS RAMSEY        CL A     358433100     414      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     41       3,2     7,913      SH        DEFINED   7,913
GENERAL ELECTRIC CO              COM     369604103    6,837     3,2    129,000     SH        DEFINED  129,000
GENERAL MOTORS CORP              COM     370442105    8,568     4,2    147,563     SH        DEFINED  147,563
GENERAL MOTORS CORP             CL H     370442832    1,709     4,2     19,420     SH        DEFINED   19,420
GENZYME CORP                  SB NT CV   372917AF1    4,465     3,2   2,700,000   PRN        DEFINED
GILLETTE CO.                     COM     375766102    3,284     3,2     94,000     SH        DEFINED   94,000
GLAMIS GOLD LTD                  COM     376775102    2,233     4,2   1,152,840    SH        DEFINED 1,152,840
GLENBOROUGH REALTY TRUST         COM     37803P105     436      4,2     25,000     SH        DEFINED   25,000
GLOBAL CROSSING LTD              COM     G3921A100   742,394    4,2   28,215,035   SH        DEFINED 28,215,035
GOLD STANDARD INC               COM      380724302     186      4,2     82,813     SH        DEFINED   82,813
GOLDCORP INC                 CL A SUBVTG 380956102     536      4,2     75,000     SH        DEFINED   75,000
GOLDEN STATE BANCORP             COM     381197102    2,704     4,2    150,100     SH        DEFINED  150,100
HAYES LEMMERZ INTL INC           COM     420781106    3,432     4,2    284,500     SH        DEFINED  284,500
HEALTHCARE REALTY TRUST          COM     421946104    5,581     4,2    326,500     SH        DEFINED  326,500
HEALTHSOUTH CORP.                COM     421924101    7,187     4,2   1,000,000    SH        DEFINED 1,000,000
HEWLET-PACKARD                SB LYONZR  428236AC7   10,395     4,2   11,000,000  PRN        DEFINED
HEWLETT-PACK FIN              SB LYONZR  428236AA1   14,175     4,2   15,000,000  PRN        DEFINED
HOME DEPOT                       COM     437076102     599       2      12,000     SH        DEFINED   12,000
HORIZON GROUP PROPERTIES         COM     44041U102      2       4,2      630       SH        DEFINED    630
HOUSEHOLD INTL INC               COM     441815107    2,078     4,2     50,000     SH        DEFINED   50,000
HUMANA INC.                      COM     444859102     926      4,2    190,000     SH        DEFINED  190,000
IKON MBIA INC.                   COM     55262C100    1,927     4,2     40,000     SH        DEFINED   40,000
ILLINOIS TOOL WORKS INC          COM     452308109    2,953     3,2     51,800     SH        DEFINED   51,800
INFINITY BROADCASTING CORP      CL A     45662S102    3,498     3,2     96,000     SH        DEFINED   96,000
INSWEB CORPORATION               COM     45809K103    2,978     4,2   1,401,467    SH        DEFINED 1,401,467
INTEL CORP                       COM     458140100    4,626     3,2     34,600     SH        DEFINED   34,600
INTERMEDIA COMMUNICATIONS        COM     458801107    3,332     3,2    112,000     SH        DEFINED  112,000
INTL BUSINESS MACHINE            COM     459200101    9,028    3,4,2    82,400     SH        DEFINED   82,400
INTERNATIONAL PAPER CO.          COM     460146103    5,217     4,2    175,000     SH        DEFINED  175,000
INTERSTATE BAKERIES              COM     46072H108    1,936     4,2    138,300     SH        DEFINED  138,300
JPS INDUSTRIES INC               COM     46624E405    2,201     4,2    419,243     SH        DEFINED  419,243
KEMPER INTERMEDIATE GOVT TR  SH BEN INT  488413105     964      4,2    149,800     SH        DEFINED  149,800
KEYSPAN CORPORATION              COM     49337W100    6,063     4,2    197,160     SH        DEFINED  197,160
KEYSTONE FINANCIAL INC           COM     493482103     22       2,1     1,013      SH        DEFINED   1,013
KROGER COMPANY                   COM     501044101    7,594    3,4,2   344,200     SH        DEFINED  344,200
LASALLE RE HOLDINGS              ORD     G5383Q101   20,221     4,2   1,425,354    SH        DEFINED 1,425,354
LIBERTY MEDIA                   COM      001957208   13,533     3,2    558,048     SH        DEFINED  558,048
LIBERTY PROPERTY TRUST       SH BEN INT  531172104   10,440     4,2    402,500     SH        DEFINED  402,500
LIGHTSPAN INC                    COM     53226T103     41       3,2     7,500      SH        DEFINED   7,500
LILLY (ELI) & CO.                COM     532457108     779      3,2     7,800      SH        DEFINED   7,800
LORAL SPACE & COMM               COM     G56462107    1,120     3,2    161,500     SH        DEFINED  161,500
LSI CORP                         COM     502161102    1,624     3,2     30,000     SH        DEFINED   30,000
MACK-CALI REALTY CORP            COM     554489104     257      4,2     10,000     SH        DEFINED   10,000
MCLEODUSA INC                   CL A     582266102     676      4,2     32,664     SH        DEFINED   32,664
MEDIAONE GROUP, INC              COM     58440J104     854      3,2     12,917     SH        DEFINED   12,917
MEDTRONIC INC                    COM     585055106    5,978     3,2    120,000     SH        DEFINED  120,000
MELLON FINANCIAL CORP            COM     58551A108     474       2      13,000     SH        DEFINED   13,000
MERIDIAN GOLD INC                COM     589975101     395      4,2     65,000     SH        DEFINED   65,000
MGIC AETNA INC.                  COM     008117103     321      4,2     5,000      SH        DEFINED   5,000
MGIC GPU INC.                    COM     36225X100     947      4,2     35,000     SH        DEFINED   35,000
MICROCELL TELECOMM           CL B NONVTG 59501T304     385      4,2     10,647     SH        DEFINED
MICRON TECHNOLOGY INC            COM     595112103    1,321     3,2     15,000     SH        DEFINED   15,000
MICROSOFT CORP                   COM     594918104    3,840     3,2     48,000     SH        DEFINED   48,000
MOLEX                        CL A NONVTG 608554200    3,045     3,2     86,993     SH        DEFINED   86,993
MOTOROLA INC                     COM     620076109    3,400     3,2    117,000     SH        DEFINED  117,000
MSDW ASIA PACIFIC FUND           COM     61744U106    3,121     4,2    306,400     SH        DEFINED  306,400
MSDW INDIA INVESTMENT FUND       COM     61745C105     797      4,2     66,400     SH        DEFINED   66,400
MSDW INSURED MUNICIPAL INC   INSD MUN IN 61745P791     757      4,2     57,400     SH        DEFINED   57,400
MUNIVEST FUND INC                COM     626295109    5,423     4,2    711,200     SH        DEFINED  711,200
MUNIYIELD INSURED FUND INC       COM     62630E107    2,823     4,2    227,000     SH        DEFINED  227,000
MUNIYIELD QUALITY FUND           COM     626302103    8,363     4,2    693,300     SH        DEFINED  693,300
NACCO INDS INC CL A             CL A     629579103     601      4,2     17,100     SH        DEFINED   17,100
NETOPIA INC                      COM     64114K104     642      2,1     15,957     SH        DEFINED   15,957
NIAGARA MOHAWK HOLDINGS          COM     653520106    3,299     4,2    236,700     SH        DEFINED  236,700
NOKIA CORP                       ADR     654902204    2,747     3,2     55,000     SH        DEFINED   55,000
NORFOLK SOUTHERN CORP.           COM     655844108    3,577     4,2    240,500     SH        DEFINED  240,500
NORTH FORK BANCORPORATION        COM     659424105    2,229     4,2    147,250     SH        DEFINED  147,250
NUVEEN MUNICIPAL VALUE FUND      COM     670928100     378      4,2     44,800     SH        DEFINED   44,800
OGE ENERGY CORP                  COM     670837103    1,467     4,2     79,300     SH        DEFINED   79,300
ON COMMAND CORPORATION           COM     682160106    5,023     4,2    352,480     SH        DEFINED  352,480
ON COMMAND CORPORATION          WT B     682160122     500      4,2    123,130     SH   CALL DEFINED
OWENS-ILL INC                 PFD CONV   690768502    1,466     4,2     65,900     SH        DEFINED   65,900
PACTIV CORPORATION               COM     695257105    2,756     4,2    350,000     SH        DEFINED  350,000
PENNEY (J.C.) CO.  INC.          COM     708160106    3,595     4,2    195,000     SH        DEFINED  195,000
PEPSI BOTTLING GROUP INC         COM     713409100    6,590     4,2    225,800     SH        DEFINED  225,800
PEPSICO INCORPORATED             COM     713448108    4,088     3,2     92,000     SH        DEFINED   92,000
PFIZER INC                       COM     717081103    6,384     3,2    133,000     SH        DEFINED  133,000
PHARMACIA CORPORATION            COM     71713U102    4,135     3,2     80,000     SH        DEFINED   80,000
PITNEY-BOWES  INC                COM     724479100    1,800     3,2     45,000     SH        DEFINED   45,000
PLACER DOME INC                  COM     725906101    4,498     4,2    470,352     SH        DEFINED  470,352
POLICY MANAGEMENT SYSTEMS COE    COM     731108106   23,355     4,2   1,519,024    SH        DEFINED 1,519,024
POTASH CORP OF SASKATCHEWAN      COM     73755L107    4,851     4,2     87,900     SH        DEFINED   87,900
POTOMAC ELECTRIC POWER           COM     737679100    8,206     4,2    315,600     SH        DEFINED  315,600
PRIME HOSPITALITY CORP           COM     741917108     60       4,2     6,375      SH        DEFINED   6,375
PRIME RETAIL INC                 COM     741570105     16       4,2     12,600     SH        DEFINED   12,600
PRISON REALTY TRUST INC          COM     74264N105     530      4,2    157,000     SH        DEFINED  157,000
PSINET INC                       COM     74437C101    2,035     3,2     81,000     SH        DEFINED   81,000
QWEST COMMUNICATIONS INTL        COM     749121109     500       2      10,000     SH        DEFINED   10,000
RADIO ONE INC                   CL A     75040P108     744      2,1     25,173     SH        DEFINED   25,173
RATIONAL SOFTWAR             SUB NT CV   75409PAA1    5,252     3,2   3,600,000    SH        DEFINED 3,600,000
RAYTHEON CO. COM                CL B     755111408     732      4,2     38,000     SH        DEFINED   38,000
RGS ENERGY GROUP INC             COM     74956K104    1,726     4,2     77,500     SH        DEFINED   77,500
RHYTHMS NETCONNECTIONS INC       COM     762430205     63       4,2     5,000      SH        DEFINED   5,000
ROBERT MONDAVI CORP             CL A     609200100     307       2      10,000     SH        DEFINED   10,000
ROCKWELL INTL CORP               COM     773903109    3,011     4,2     95,600     SH        DEFINED   95,600
ROSS STORES INC                  COM     778296103     341      4,2     20,000     SH        DEFINED   20,000
RYDER SYSTEM  INC                COM     783549108    1,894     4,2    100,000     SH        DEFINED  100,000
SAFEWAY INC                     COM      786514208    3,610     3,2     80,000     SH        DEFINED   80,000
SANMINA CORP                  SB DB CV   800907AA5    2,276     3,2   1,130,000   PRN        DEFINED
SANMINA CORP                  SUB NTCV   800907AB3     826      3,2    410,000    PRN        DEFINED
SCANA CORP                       COM     80589M102    9,650     4,2    400,000     SH        DEFINED  400,000
SCHERING PLOUGH                  COM     806605101    6,060     3,2    120,000     SH        DEFINED  120,000
SCHLUMBERGER LIMITED             COM     806857108    4,821     3,2     64,600     SH        DEFINED   64,600
SEAGATE TECHNOLOGY INC.          COM     811804103     825      4,2     15,000     SH        DEFINED   15,000
SFX ENTERTAINMENT INC           CL A     784178105     45       4,2     1,000      SH        DEFINED   1,000
SIEBEL SYSTEMS INC               COM     826170102    2,453     3,2     15,000     SH        DEFINED   15,000
SIERRA PACIFIC RESOURCES         COM     826428104     974      4,2     77,500     SH        DEFINED   77,500
SIRIUS SATELLITE RADIO INC       COM     82966U103   107,345    4,2   2,422,472    SH        DEFINED 2,422,472
SIX FLAGS INC                   COM      740540208     248       2      10,900     SH        DEFINED   10,900
SMITH CHARLES E RESIDENTIAL      COM     832197107     285      4,2     7,500      SH        DEFINED   7,500
SOLECTRON CORP                   COM     834182107    2,303     3,2     55,000     SH        DEFINED   55,000
SPANISH BROADCASTING SYS        CL A     846425882     206      4,2     10,000     SH        DEFINED   10,000
SPRINT CORP                     COM      852061100    5,297    3,2,1   103,856     SH        DEFINED  103,856
SPRINT CORP (PCS GROUP)       COM SER1   852061506     85       2,1     1,428      SH        DEFINED   1,428
STAR GAS PARTNER             SR SUB UN   85512C204     284      4,2     42,434    PRN        DEFINED
STMICROELECTRON              SUB LYONZR  861012AB8   42,257    3,4,2  24,550,000  PRN        DEFINED
STORAGE TECHNOLOGY            COM PAR    862111200     30       3,2     2,754      SH        DEFINED   2,754
SUN MICROSYSTEMS INC             COM     866810104    6,820     3,2     75,000     SH        DEFINED   75,000
SUNBEAM CORP                  SRSDCV ZR  867071AA0   15,278     4,2   97,000,000  PRN        DEFINED
TAUBMAN CENTERS INC              COM     876664103    8,250      2     750,000     SH        DEFINED  750,000
TECNOMATIX TECHNOLOGIES LTD      ORD     M8743P105     14       4,2     1,000      SH        DEFINED   1,000
TELLABS INC                      COM     879664100    4,859     3,2     71,000     SH        DEFINED   71,000
TEXAS INSTRUMENTS INCORPORATE    COM     882508104    5,426     3,2     79,000     SH        DEFINED   79,000
TEXTRON INC                      COM     883203101    1,901     3,2     35,000     SH        DEFINED   35,000
THE HEALTHCARE COMPANY           COM     404119109    2,430     4,2     80,000     SH        DEFINED   80,000
THOUSAND TRAILS, INC             COM     885502104     718      4,2    159,660     SH        DEFINED  159,660
TRANSOCEON SEDCO FOREX INC       ORD     G90078109    2,704     3,2     50,606     SH        DEFINED   50,606
TRIBUNE CO NEW                   COM     896047107    3,815    3,4,2   109,000     SH        DEFINED  109,000
TRIQUINT SEMICON              SB NT CV   89674KAA1     981      3,2   1,080,000   PRN        DEFINED
TVX GOLD INC                     COM     87308K101    1,564     4,2   2,501,900    SH        DEFINED 2,501,900
TYCO INTERNATIONAL LTD           COM     902124106    4,595     3,2     97,000     SH        DEFINED   97,000
UGLY DUCKLING CORP               COM     903512101     353      4,2     50,000     SH        DEFINED   50,000
UNION PACIFIC                    COM     907818108    2,421     4,2     65,100     SH        DEFINED   65,100
UNION PACIFIC RESOURCES          COM     907834105    4,950     4,2    225,000     SH        DEFINED  225,000
UNOCAL CORP                      COM     915289102    4,803     4,2    145,000     SH        DEFINED  145,000
US AIR GROUP INC                 COM     911905107     293      4,2     7,500      SH        DEFINED   7,500
US WEST INC                      COM     91273H101     25       2,1      293       SH        DEFINED    293
USEC INC                         COM     90333E108     275      4,2     59,500     SH        DEFINED   59,500
UST INC                          COM     902911106   14,687     4,2   1,000,000    SH        DEFINED 1,000,000
USX - MARATHON GROUP INC        COM      902905827    2,256     4,2     90,000     SH        DEFINED   90,000
VAN KAMPEN ADV MUNI INC      SH BEN INT  921124103    1,529     4,2    120,500     SH        DEFINED  120,500
VAN KAMPEN MUNI OPPOR TR-II      COM     920944105     486      4,2     43,000     SH        DEFINED   43,000
VAN KAMPEN MUNI OPPOR TR         COM     920935103     920      4,2     67,500     SH        DEFINED   67,500
VAN KAMPEN VALUE MUNI INCOME     COM     921132106    2,017     4,2    171,700     SH        DEFINED  171,700
WAL MART STORES INC              COM     931142103    3,141     3,2     54,500     SH        DEFINED   54,500
WASHINGTON GAS LIGHT CO          COM     938837101    1,251     4,2     52,000     SH        DEFINED   52,000
WASTE MANAGEMENT INC             COM     94106L109    1,710     4,2     90,000     SH        DEFINED   90,000
WELLS FARGO & COMPANY            COM     949746101    3,875     3,2    100,000     SH        DEFINED  100,000
WILLIAMS COMMUNICATIONS         CL A     969455104    2,647     4,2     80,000     SH        DEFINED   80,000
WILLIAMS COS INC                 COM     969457100    8,517   3,4,2,1  204,312     SH        DEFINED  204,312
WIND RIVER SYSTM             SUB NT CONV 973149AC1    3,765     3,2   3,078,000   PRN        DEFINED
WISCONSIN ENERGY CORP            COM     976657106    1,209     4,2     61,000     SH        DEFINED   61,000
WORLDCOM INC.                    COM     98157D106    4,129     3,2     90,000     SH        DEFINED   90,000
XEROX CORP                       COM     984121103    1,612     4,2     77,700     SH        DEFINED   77,700
XTRA CORP                        COM     984138107     635      3,2     16,089     SH        DEFINED   16,089
</Table>