Form 13F Cover Page
Report for the Calendar Year of Quarter Ended: December 31, 2001
Check here if Amendment( ); Amendment Number:
This Amendment (Check only one.) ( ) is a restatement.
( ) adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: CNA Financial Corporation
Address: CNA Plaza
Chicago, Il 60685
13F File Number: 28-346
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true, correct, and complete, and
that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this
form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Lynne Gugenheim
Title: Group Vice President and Deputy General Counsel
Phone: (312) 822 4921
Signature, Place, and Date of Signing:
February 8, 2002
Chicago, Illinois,
Report Type (Check only one.):
(X) 13F Holdings Report.
( ) 13F Notice.
( ) 13F Combination Report.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
Loews Corporation also has investment discretion over the securities
reported on herein by CNA Financial Corporation, Continental Assurance
Company, Continental Casualty Company, and The Continental Corporation.
Loews Corporation will report separately on securities over which it
has investment discretion which are not part of such holdings.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 4
Form 13F Information Table Entry Total: 330
Form 13F Information Table Value Total: 1,697,535.4 (in thousands)
List of Other Included Managers:
No. 13F File Number Name
1 28-386 Continental Assurance Company
2 28-387 Continental Casualty Company
3 28-346 CNA Financial Corporation
4 28-172 The Continental Corporation
FORM 13F INFORMATION TABLE
VALUE OTHER SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x1000) MANAGERS PRN AMT PRN CALL DSCRETN SOLE SHARED NONE
AGCO CORP COM 001084102 112 3 7,125 SH DEFINED 7,125 - -
AOL TIME WARNER COM 00184A105 2,054 1,3 64,000 SH DEFINED 64,000 - -
AT & T CORPORATION COM 001957109 6,258 2,3 345,000 SH DEFINED 345,000 - -
AT&T WIRELESS SERVICES INC COM 00209A106 1,063 2,3 73,993 SH DEFINED 73,993 - -
ACME COMMUNICATIONS INC COM 004631107 1,062 1,3 157,595 SH DEFINED 157,595 - -
ACTIVISION INC COM NEW 004930202 260 1,3 10,000 SH DEFINED 10,000 - -
ADELPHIA COMMUNICATIONS-CL A CL A 006848105 1,715 2,3 55,000 SH DEFINED 55,000 - -
AETNA INC COM 00817Y108 1,725 3 52,300 SH DEFINED 52,300 - -
AFFILIATED COMPUTER SVCS-A CL A 008190100 2,250 1,3 21,200 SH DEFINED 21,200 - -
AFFIL COMPUTER SUB NT CV 3.5%06 008190AF7 3,333 1,3 2,400,000 PRN DEFINED - - -
AGERE SYSTEMS INC-A CL A 00845V100 711 2,3 125,000 SH DEFINED 125,000 - -
AGILENT TECHNOLOGIES INC COM 00846U101 2,281 1,2,3 80,000 SH DEFINED 80,000 - -
AGILENT TECH INC SR DEB CV 144A21 00846UAA9 5,588 1,2,3 5,000,000 PRN DEFINED - - -
AIR PRODUCTS & CHEMICAL COM 009158106 1,173 2,3 25,000 SH DEFINED 25,000 - -
ALCOA INC COM 013817101 5,724 1,2,3 161,000 SH DEFINED 161,000 - -
ALLEGHENY ENERGY INC COM 017361106 6,157 2,3 170,000 SH DEFINED 170,000 - -
ALLMERICA FINANCIAL CORP COM 019754100 668 2,3 15,000 SH DEFINED 15,000 - -
ALLTEL CORP COM 020039103 6,204 2,3 100,500 SH DEFINED 100,500 - -
ALPHARMA INC-CL A CL A 020813101 784 1,3 29,640 SH DEFINED 29,640 - -
ALPHARMA INC SR SB NT CV 3%06 020813AD3 1,308 1,3 1,250,000 PRN DEFINED - - -
AMBAC FINANCIAL GROUP INC COM 023139108 5,497 1,2,3 95,000 SH DEFINED 95,000 - -
AMERADA HESS COM 023551104 6,875 2,3 110,000 SH DEFINED 110,000 - -
AMERICAN EXPRESS COM 025816109 5,125 1,2,3 143,600 SH DEFINED 143,600 - -
AMERICAN INTL GROUP INC COM 026874107 4,779 1,2,3 60,190 SH DEFINED 60,190 - -
AMERICAN NATIONAL INSURANCE COM 028591105 421 3 5,000 SH DEFINED 5,000 - -
AMERICAN PHYSICIANS CAP INC COM 028884104 613 3 28,200 SH DEFINED 28,200 - -
AMERISOURCEBERGEN CORP COM 03073E105 2,613 1,3 41,110 SH DEFINED 41,110 - -
ANADARKO PETROLEUM CORP COM 032511107 6,666 2,3 117,250 SH DEFINED 117,250 - -
ANIXTER INTERNATIONAL INC COM 035290105 405 3 13,975 SH DEFINED 13,975 - -
ANNTAYLOR STORES CORP COM 036115103 309 3 8,825 SH DEFINED 8,825 - -
AON CORP COM 037389103 16,694 2,3 470,000 SH DEFINED 470,000 - -
APACHE CORP COM 037411105 25 1,3 500 SH DEFINED 500 - -
APPLIED MATERIALS INC. COM 038222105 3,409 1,3 85,000 SH DEFINED 85,000 - -
ARCHER DANIELS COM 039483102 1,733 2,3 120,800 SH DEFINED 120,800 - -
ARDEN REALTY GROUP INC COM 039793104 938 2,3 35,400 SH DEFINED 35,400 - -
ARGUSS COMMUNICATIONS INC COM 040282105 2,752 2,3 677,874 SH DEFINED 677,874 - -
ARRIS GROUP COM 04269Q100 390 2,3 40,000 SH DEFINED 40,000 - -
ARVINMERITOR INC COM 043353101 147 3 7,475 SH DEFINED 7,475 - -
ATLAS AIR WORLDWIDE HLDGS COM 049164106 718 2,3,4 49,000 SH DEFINED 49,000 - -
AVAYA INC COM 053499109 1,372 1,2,3 112,900 SH DEFINED 112,900 - -
AVAYA INC LYON 10/31/21 053499AA7 2,430 1,2,3 4,500,000 PRN DEFINED - - -
BISYS GROUP INC (THE) COM 055472104 761 1,3 11,900 SH DEFINED 11,900 - -
BISYS GROUP SB NT CV 4%06 055472AB0 1,461 1,3 1,250,000 PRN DEFINED - - -
BARNES & NOBLE INC COM 067774109 1,672 1,3 56,480 SH DEFINED 56,480 - -
BARNES & NOBLE SUB NT CV 144A09 067774AC3 2,799 1,3 2,450,000 PRN DEFINED - - -
BEA SYSTEMS INC COM 073325102 2,226 1,3 144,500 SH DEFINED 144,500 - -
BEA SYSTEMS INC SB NT CV 4%06 073325AD4 2,010 1,3 2,350,000 PRN DEFINED - - -
BEDFORD PROPERTY INVESTORS COM PAR .02 076446301 128 2,3 5,700 SH DEFINED 5,700 - -
BELLSOUTH CORP COM 079860102 2,671 2,3 70,000 SH DEFINED 70,000 - -
BOEING COMPANY COM 097023105 1,040 3 26,825 SH DEFINED 26,825 - -
BORG WARNER AUTOMOTIVE INC COM 099724106 111 3 2,125 SH DEFINED 2,125 - -
BOSTON PROPERTIES INC COM 101121101 1,140 2,3 30,000 SH DEFINED 30,000 - -
BOWNE & CO INC COM 103043105 137 3 10,700 SH DEFINED 10,700 - -
BUCKHEAD AMERICA CORP COM 11835A105 22 2,3 21,579 SH DEFINED 21,579 - -
BURLINGTON RESOURCES INC COM 122014103 2,816 2,3 75,000 SH DEFINED 75,000 - -
CBRL GROUP INC COM 12489V106 1,090 3 37,025 SH DEFINED 37,025 - -
CMS ENERGY ADJ CV TR8.75% 125896308 302 1,3 10,000 SH DEFINED 10,000 - -
CNA SURETY CORPORATION COM 12612L108 425,090 2,3,4 27,425,147 SH DEFINED 27,425,147 - -
CNF INC COM 12612W104 1,650 3 49,175 SH DEFINED 49,175 - -
CABLEVISION SYSTEMS -CL A CL A NY CABLVS 12686C109 6,026 2,3 127,000 SH DEFINED 127,000 - -
CABOT OIL & GAS CORP -CL A CL A 127097103 1,203 2,3 50,000 SH DEFINED 50,000 - -
CALPINE CORPORATION COM 131347106 3,526 1,2,3 210,000 SH DEFINED 210,000 - -
CARDINAL HEALTH INC. COM 14149Y108 4,166 1,3 64,437 SH DEFINED 64,437 - -
CARNIVAL CORP COM 143658102 9,581 1,2,3 341,200 SH DEFINED 341,200 - -
CATELLUS DEVELOPMENT CORP COM 149111106 1,982 2,3 107,724 SH DEFINED 107,724 - -
CELESTICA INC SUB VTG SHS 15101Q108 4,568 1,2,3 113,100 SH DEFINED 113,100 - -
CELESTICA INC LYON ZERO 20 15101QAA6 10,392 1,2,3 24,380,000 PRN DEFINED - - -
CENDANT CORPORATION COM 151313103 6,483 1,2,3 330,600 AR DEFINED - - -
CENTEX CORP COM 152312104 742 3 13,000 AR DEFINED - - -
CHARTER COMM INC SUB NT CV5.75%05 16117MAB3 4,126 2,3 4,000,000 PRN DEFINED - - -
CHIRON CORP COM 170040109 7,931 1,2,3 180,900 SH DEFINED 180,900 - -
CHIRON CORP LYON ZERO 31 170040AE9 29,941 1,2,3 54,500,000 PRN DEFINED - - -
CHUBB CORP COM 171232101 1,290 3 18,700 SH DEFINED 18,700 - -
CISCO SYSTEMS INC COM 17275R102 3,622 1,3 200,000 SH DEFINED 200,000 - -
CITIGROUP INC COM 172967101 10,601 1,2,3 210,000 SH DEFINED 210,000 - -
CLEAR CHANNEL COMMUNICATIONS COM 184502102 2,800 1,2,3 55,000 SH DEFINED 55,000 - -
CLEVELAND-CLIFFS INC COM 185896107 67 3 3,650 SH DEFINED 3,650 - -
COLT TELECOM GROUP-SPONS ADR SPONS ADR 196877104 21 2,3 3,000 SH DEFINED 3,000 - -
COMCAST CORP CL A SPL CL A SPL 200300200 4,320 1,3 120,000 SH DEFINED 120,000 - -
COMMUNICATION INTELLIGENCE COM 20338K106 422 2,3 660,000 SH DEFINED 660,000 - -
COMPUTER ASSOCIATES INTL INC COM 204912109 1,219 3 35,350 SH DEFINED 35,350 - -
CONOCO INC COM 208251504 7,570 2,3 267,500 SH DEFINED 267,500 - -
CONSTELLATION ENERGY GROUP COM 210371100 16,727 2,3 630,000 SH DEFINED 630,000 - -
COOPER INDUSTRIES INCORPORATED COM 216669101 1,297 3 37,150 SH DEFINED 37,150 - -
CORN PRODUCTS INTL INC COM 219023108 51 3 1,450 SH DEFINED 1,450 - -
CORRECTIONS CORP PFD CV B 12% 22025Y308 0 2,3 2 SH DEFINED 2 - -
COX COMMUNICATIONS INC-CL A CL A 224044107 515 1,2,3 12,300 SH DEFINED 12,300 - -
CYTEC INDUSTRIES INC COM 232820100 560 3 20,725 SH DEFINED 20,725 - -
DR HORTON INC COM 23331A109 13,633 2,3 420,000 SH DEFINED 420,000 - -
DEL MONTE FOODS CO COM 24522P103 310 3 36,375 SH DEFINED 36,375 - -
DELL COMPUTER CORP COM 247025109 1,631 1,3 60,000 SH DEFINED 60,000 - -
DELPHI FINANCIAL GROUP-CL A CL A 247131105 4,084 2,3 122,650 SH DEFINED 122,650 - -
DILLARDS INC-CL A CL A 254067101 510 3 31,875 SH DEFINED 31,875 - -
DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 1,783 3 115,000 SH DEFINED 115,000 - -
DOW CHEMICAL CORP COM 260543103 845 2,3 25,000 SH DEFINED 25,000 - -
DU PONT DE NEMOURS E.I. COM 263534109 850 2,3 20,000 SH DEFINED 20,000 - -
EMC CORPORATION COM 268648102 19 2,3 1,380 SH DEFINED 1,380 - -
EATON VANCE CORP COM NON VTG 278265103 1,045 1,2,3 29,400 SH DEFINED
ECHOSTAR COMMUNICATIONS - A CL A 278762109 266 1,3 9,685 SH DEFINED 9,685 - -
ECHOSTAR COMM SB NT CV 4.875%07 278762AD1 530 1,3 590,000 PRN DEFINED - - -
ELDERTRUST COM SH BEN INT 284560109 1,707 2,3 208,200 SH DEFINED 208,200 - -
ELECTRONIC _DATA SYSTEMS_CORP COM 285661104 34,693 1,2,3 506,100 SH DEFINED 506,100 - -
ELEC DATA SYSTEM SR NT CV ZERO 21 285661AB0 30,143 1,2,3 36,000,000 PRN DEFINED - - -
EQUITY OFFICE PROPERTIES TR COM 294741103 301 1,3 10,000 SH DEFINED 10,000 - -
ESTERLINE TECHNOLOGIES CORP COM 297425100 413 3 25,825 SH DEFINED 25,825 - -
EXELON CORP COM 30161N101 7,182 2,3 150,000 SH DEFINED 150,000 - -
FMC CORP (NEW) COM NEW 302491303 5,584 3 93,850 SH DEFINED 93,850 - -
FPL GROUP COM 302571104 5,922 2,3 105,000 SH DEFINED 105,000 - -
FREDDIE MAC COM 313400301 3,008 1,3 46,000 SH DEFINED 46,000 - -
FEDERATED DEPART STORES INC COM 31410H101 4,704 1,2,3 115,000 SH DEFINED 115,000 - -
FIRST CITIZENS BCSHS -CL A CL A 31946M103 49 3 500 SH DEFINED 500 - -
FIRST DATA CORP COM 319963104 5,099 1,3 65,000 SH DEFINED 65,000 - -
FLEMING COS INC COM 339130106 1,153 1,3 62,300 SH DEFINED 62,300 - -
FOOT LOCKER INC COM 344849104 1,667 1,.3 106,500 SH DEFINED 106,500 - -
FORTUNE BRANDS INC COM 349631101 1,019 3 25,750 SH DEFINED 25,750 - -
FREEPORT MCMORAN COPPER&GOLD CL B 35671D857 1,056 3 78,875 SH DEFINED 78,875 - -
GABLES RESIDENTIAL TRUST SH BEN INT 362418105 409 3 13,825 SH DEFINED 13,825 - -
THE GAP INC. COM 364760108 654 3 46,950 SH DEFINED 46,950 - -
GENENTECH INC COM NEW 368710406 2,136 1,2,3 39,370 SH DEFINED 39,370 - -
GENERAL DYNAMICS CORP. COM 369550108 1,991 1,3 25,000 SH DEFINED 25,000 - -
GENERAL ELECTRIC CO COM 369604103 5,191 1,2,3 129,510 SH DEFINED 129,510 - -
GENERAL MOTORS CORP CLASS H CL H NEW 370442832 2,627 2,3 170,000 SH DEFINED 170,000 - -
GENUITY INC-A CL A 37248E103 198 2,3 125,000 SH DEFINED 125,000 - -
GEORGIA-PACIFIC CORPORATION COM GA PAC GRP 373298108 552 3 19,975 SH DEFINED 19,975 - -
GLIMCHER REALTY TRUST SH BEN INT 379302102 207 3 10,975 SH DEFINED 10,975 - -
GREAT LAKES REIT INC COM 390752103 1,040 2,3 65,000 SH DEFINED 65,000 - -
GUCCI GROUP NV-NY REG SHRS COM NY REG 401566104 16,131 2,3 190,000 SH DEFINED 190,000 - -
HCA INC COM 404119109 3,083 1,3 80,000 SH DEFINED 80,000 - -
HANOVER COMPRESSOR CO COM 410768105 897 1,3 35,500 SH DEFINED 35,500 - -
HANOVER COMPRESS SR NT CV 4.75%08 410768AC9 2,243 1,3 2,400,000 PRN DEFINED - - -
HEALTH CARE PPTYS INVEST INC COM 421915109 1,195 2,3 33,000 SH DEFINED 33,000 - -
HEALTHSOUTH CORP. COM 421924101 9,263 2,3 625,000 SH DEFINED 625,000 - -
HEALTHSOUTH CORP. SB DB CV 3.35%03 421924AF8 3,816 2,3 4,000,000 PRN DEFINED - - -
HEALTHCARE REALTY TRUST INC COM 421946104 7,019 2,3 250,675 SH DEFINED 250,675 - -
HEALTH NET INC COM 42222G108 1,246 3 57,225 SH DEFINED 57,225 - -
HEARST-ARGYLE TELEVISION INC COM 422317107 5,172 2,3 239,900 SH DEFINED 239,900 - -
HERBALIFE INTERNATIONAL-CL B CL B 426908307 318 3 24,100 SH DEFINED 24,100 - -
HERCULES INC COM 427056106 3,013 2,3 301,250 SH DEFINED 301,250 - -
HEWLETT-PACKARD CO. COM 428236103 1,920 2,3 93,475 SH DEFINED 93,475 - -
HILTON HOTELS CORP COM 432848109 5,515 2,3 505,000 SH DEFINED 505,000 - -
HOME DEPOT COM 437076102 2,704 1,3 53,000 SH DEFINED 53,000 - -
HONEYWELL INTERNATIONAL INC COM 438516106 2,029 1,3 60,000 SH DEFINED 60,000 - -
HOUSEHOLD INTL INC COM 441815107 4,056 1,2,3 70,000 SH DEFINED 70,000 - -
IMC GLOBAL INC COM 449669100 867 2,3 66,700 SH DEFINED 66,700 - -
INSWEB CORPORATION COM 45809K202 3,752 2,3 882,717 SH DEFINED 882,717 - -
INTEL CORP COM 458140100 2,176 1,3 69,200 SH DEFINED 69,200 - -
INTERNATIONAL BUSINESS MACHINE COM 459200101 25,450 1,2,3 210,400 SH DEFINED 210,400 - -
INTERNATIONAL PAPER CO. COM 460146103 4,035 2,3 100,000 SH DEFINED 100,000 - -
INTL RECTIFIER CORP COM 460254105 450 1,3 12,900 SH DEFINED 12,900 - -
INTL RECTIFIER SB NT CV 144A07 460254AD7 1,221 1,3 1,465,000 PRN DEFINED - - -
INTERSTATE BAKERIES COM 46072H108 195 3 8,050 SH DEFINED 8,050 - -
IONICS INC COM 462218108 1,643 2,3 54,700 SH DEFINED 54,700 - -
IVAX CORP COM 465823102 1,219 1,3 60,525 SH DEFINED 60,525 - -
IVAX CORP SR SB NT CV 07 465823AD4 2,403 1,3 2,400,000 PRN DEFINED - - -
JOHNSON & JOHNSON COM 478160104 611 1,2,3 10,340 SH DEFINED 10,340 - -
JOY GLOBAL INC COM 481165108 410 2,3 24,400 SH DEFINED 24,400 - -
KELLWOOD CO COM 488044108 155 3 6,450 SH DEFINED 6,450 - -
KENNAMETAL INC COM 489170100 403 3 10,000 SH DEFINED 10,000 - -
KERR MC GEE CORP COM 492386107 7,672 2,3 140,000 SH DEFINED 140,000 - -
KEY3MEDIA GROUP COM 49326R104 39 3 7,225 SH DEFINED 7,225 - -
KEYSPAN CORPORATION COM 49337W100 5,544 2,3 160,000 SH DEFINED 160,000 - -
KULICKE & SOFFA INDUSTRIES COM 501242101 2,067 1,3 120,500 SH DEFINED 120,500 - -
KULICKE & SOFFA SUB NTCV5.75%06 501242AE1 3,312 1,3 3,450,000 PRN DEFINED - - -
LSI CORP COM 502161102 1,374 1,3 87,100 SH DEFINED 87,100 - -
LSI LOGIC SB NT CV 4.25%04 502161AD4 2,267 1,3 1,950,000 PRN DEFINED - - -
L-3 COMMUNICATIONS CORP COM 502424104 3,903 1,3 43,370 SH DEFINED 43,370 - -
L-3 COMM HLDGS SR SB CV 144A 09 502424AA2 3,132 1,3 2,400,000 PRN DEFINED - - -
LABORATORY CRP OF AMER HLDGS COM NEW 50540R409 6,444 1,2,3 79,700 SH DEFINED 79,700 - -
LABORATORY CP LYONS 144A 21 50540RAB8 14,963 1,2,3 21,000,000 PRN DEFINED - - -
LAM RESEARCH CORP COM 512807108 637 1,3 27,430 SH DEFINED 27,430 - -
LAMAR ADVERTISING CO CL A 512815101 1,516 1,3 35,800 SH DEFINED 35,800 - -
LAMAR ADVERTISIN NT CV 5.25%06 512815AF8 2,824 1,3 2,550,000 PRN DEFINED - - -
LATTICE SEMICONDUCTOR CORP COM 518415104 1,827 1,3 88,800 SH DEFINED 88,800 - -
LATTICE SEMICOND SUB NT CV4.75%06 518415AC8 2,966 1,3 2,450,000 PRN DEFINED - - -
LEAR CORPORATION COM 521865105 1,017 3 26,675 SH DEFINED 26,675 - -
LEGG MASON INC COM 524901105 5,738 1,2,3 114,800 SH DEFINED 114,800 - -
LIBERTY MEDIA COM SER A 530718105 11,776 1,2,3 841,148 SH DEFINED 841,148 - -
LIBERTY PROPERTY TRUST SH BEN INT 531172104 11,782 2,3 394,700 SH DEFINED 394,700 - -
LILLY (ELI) & CO. COM 532457108 3,526 1,3 44,900 SH DEFINED 44,900 - -
LINCOLN NATIONAL CORP INDIANA COM 534187109 3,886 2,3 80,000 SH DEFINED 80,000 - -
LOCAL FINANCIAL CORP COM 539553107 8,738 2,3 624,600 SH DEFINED 624,600 - -
LONGVIEW FIBRE CO COM 543213102 2,186 2,3 185,100 SH DEFINED 185,100 - -
LOWES CO INC COM 548661107 10,362 1,2,3 223,280 SH DEFINED 223,280 - -
LUBRIZOL CORP COM 549271104 1,102 3 31,400 SH DEFINED 31,400 - -
LUCENT TECHNOLOGIES COM 549463107 11,201 1,2,3 1,778,000 SH DEFINED 1,778,000 - -
LUCENT TECH PFD CV 8%144A 549463206 27,298 1,2,3 24,000 SH DEFINED 24,000 - -
MBIA INC COM 55262C100 1,341 2,3 25,000 SH DEFINED 25,000 - -
MARRIOTT INTERNATIONAL- CL A CL A 571903202 659 2,3 16,200 SH DEFINED 16,200 - -
MARRIOTT INTL SRLYON ZRO144A21 571903AA1 8,341 2,3 9,700,000 PRN DEFINED - - -
MEDICALOGIC/MEDSCAPE INC COM 584642102 205 2,3 730,900 SH DEFINED 730,900 - -
MEDTRONIC INC COM 585055106 10,396 1,2,3 203,000 SH DEFINED 203,000 - -
MEDTRONIC INC CONV DEB 144A 21 585055AA4 9,019 2,3 8,600,000 PRN DEFINED - - -
MERRILL LYNCH & CO INC COM 590188108 464 1,2,3 8,900 SH DEFINED 8,900 - -
METLIFE INC COM 59156R108 6,843 2,3 216,000 SH DEFINED 216,000 - -
MICROSOFT CORP COM 594918104 4,440 1,2,3 67,000 SH DEFINED 67,000 - -
MILACRON INC COM 598709103 93 3 5,875 SH DEFINED 5,875 - -
MIRANT CORPORATION COM 604675108 256 1,3 16,000 SH DEFINED 16,000 - -
MOLEX - CLASS A NON-VOTING CL A 608554200 2,353 1,3 86,993 SH DEFINED
MONSANTO CO COM 61166W101 565 3 16,725 SH DEFINED 16,725 - -
MORGAN ST DEAN WITTER DISCOV COM NEW 617446448 29 2,3 520 SH DEFINED 520 - -
MSDW ASIA PACIFIC FUND COM 61744U106 2,066 2,3 275,900 SH DEFINED 275,900 - -
MORGAN STANLEY INDIA INVEST COM 61745C105 459 2,3 53,026 SH DEFINED 53,026 - -
NRG ENERGY INC COM 629377102 775 2,3 50,000 SH DEFINED 50,000 - -
NABORS INDUSTRIES INC COM 629568106 309 1,3 9,000 SH DEFINED 9,000 - -
NACCO INDS INC CL A CL A 629579103 515 3 9,075 SH DEFINED 9,075 - -
NATIONWIDE FINANCIAL SERV-A CL A 638612101 2,073 2,3 50,000 SH DEFINED 50,000 - -
NEIMAN MARCUS GROUP -CL B CL B 640204301 2,934 2,3 98,800 SH DEFINED 98,800 - -
NEWHALL LAND & FARMING CO-LP DEPOSITARY REC 651426108 4,100 2,3 138,500 SH DEFINED 138,500 - -
NEWMONT MINING CORP COM 651639106 3,058 2,3 160,000 SH DEFINED 160,000 - -
NEWS CORP LTD -SPONS ADR ADR NEW 652487703 1,591 2,3 50,000 SH DEFINED 50,000 - -
NEWS CORP LTD -SPONS ADR PRF SP ADR PFD 652487802 11,148 1,2,3 421,300 SH DEFINED 421,300 - -
NIAGARA MOHAWK HOLDINGS INC COM 653520106 1,651 2,3 93,100 SH DEFINED 93,100 - -
NOKIA CORP -SPON ADR SPONSORED ADR 654902204 1,227 1,3 50,000 SH DEFINED 50,000 - -
NORFOLK SOUTHERN CORP. COM 655844108 10,356 2,3 565,000 SH DEFINED 565,000 - -
NORTH FORK BANCORPORATION COM 659424105 3,199 2,3 100,000 SH DEFINED 100,000 - -
NOVELLUS SYSTEMS INC COM 670008101 1,404 1,2,3 35,600 SH DEFINED 35,600 - -
NVIDIA CORP COM 67066G104 2,790 1,3 41,700 SH DEFINED 41,700 - -
NVIDIA CORP SB NT CV 4.75%07 67066GAA2 3,724 1,3 2,250,000 PRN DEFINED - - -
OCEAN ENERGY INC COM 67481E106 931 3 48,500 SH DEFINED 48,500 - -
OLD REPUBLIC INTL CORP COM 680223104 7,193 1,2,3 256,800 SH DEFINED 256,800 - -
OMNICOM GROUP COM 681919106 2,350 1,2,3 26,300 SH DEFINED 26,300 - -
ON COMMAND CORPORATION- CLASS B WTS WT B EX 100703 682160122 12 2,3 123,130 SH CALL DEFINED
OWENS-ILL INC PFD CONV .01 690768502 420 2,3 20,500 SH DEFINED 20,500 - -
PALL CORP COM 696429307 4,090 2,3 170,000 SH DEFINED 170,000 - -
PATHMARK STORES INC COM 70322A101 18,111 2,3 734,432 SH DEFINED 734,432 - -
PAXSON COMMUNICATIONS COM 704231109 1,020 2,3 97,600 SH DEFINED 97,600 - -
PAYCHEX INC COM 704326107 20 2,3 560 SH DEFINED 560 - -
PAYLESS SHOESOURCE INC COM 704379106 1,592 3 28,350 SH DEFINED 28,350 - -
PEABODY ENERGY CORP COM 704549104 2,255 1,3 80,000 SH DEFINED 80,000 - -
PEPSI BOTTLING GROUP INC COM 713409100 4,700 2,3 200,000 SH DEFINED 200,000 - -
PEPSICO INCORPORATED COM 713448108 3,993 1,3 82,000 SH DEFINED 82,000 - -
PERFORMANCE FOOD GROUP CO COM 713755106 2,261 1,3 64,300 SH DEFINED 64,300 - -
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