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.
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
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