UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 2006
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: Cohen & Steers Capital Management Inc.
Address: 280 Park Avenue
10th Floor
New York, NY 10017
Form 13F File Number: 28-2405
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: Robert Steers
Title: Co-Chariman and Co-Chief Executive Officer
Phone: (212) 832-3232
Signature, Place, and Dating of Signing:
/s/ Robert Steers New York, NY November 14, 2006
----------------- --------------- ------------------
Report Type (Check only one.):
[ ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all
holdings are reported by other reporting manager(s).)
[X] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
028-01190 FRANK RUSSELL COMPANY
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 245
Form 13F Information Table Value Total: 19,294,219 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
No. Form 13F File Number Name
01 Houlihan Rovers, SA
FORM 13F INFORMATION TABLE
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
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TITLE
OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
-------------------------- ------- -------- ------- --------- -------- ------- -------- ------ ------- -------
3M Co COM 88579Y101 1,801 24,200 SH Defined 24,200
AGL Resources COM 001204106 17,009 465,996 SH Defined 465,996
AMB Property Corp. COM 00163T109 169,383 3,063,697 SH Defined 2,904,485 159,212
AT&T Corp COM 00206R102 651 20,000 SH Defined 20,000
Abbott Laboratories COM 002824100 2,807 57,800 SH Defined 57,800
Ace ltd COM G0070K103 432 7,900 SH Defined 7,900
Aflac Inc COM 001055102 1,002 21,900 SH Defined 21,900
Alcoa Inc. COM 013817101 252 9,000 SH Defined 9,000
Alexandria Real Estate COM 015271109 187,108 1,993,417 SH Defined 1,869,269 124,148
Allegheny Energy, Inc. COM 017361106 1,285 32,000 SH Defined 32,000
Allstate Corp COM 020002101 527 8,400 SH Defined 8,400
Altria Group Inc COM 02209S103 6,185 80,800 SH Defined 80,800
Ameren Corp COM 023608102 148,860 2,819,844 SH Defined 2,819,844
American Campus Communities COM 024835100 69,135 2,710,100 SH Defined 2,710,100
American Financial Realty Tr COM 02607P305 36,417 3,263,200 SH Defined 3,263,200
American International Group COM 026874107 311 4,700 SH Defined 4,700
Anheuser-Busch Co COM 035229103 1,991 41,900 SH Defined 41,900
Apartment Investment COM 03748R101 464,349 8,523,022 SH Defined 8,120,125 402,897
Aquila Inc COM 03840P102 799 184,600 SH Defined 184,600
Archstone-Smith Tr. COM 039583109 517,532 9,485,610 SH Defined 9,147,328 338,282
Ashford Hospitality Trust COM 044103109 42,285 3,544,400 SH Defined 3,544,400
Atmos Energy Corp COM 049560105 6,010 210,500 SH Defined 210,500
Automatic Data Processing COM 053015103 431 9,100 SH Defined 9,100
AvalonBay Comm. COM 053484101 568,038 4,709,817 SH Defined 4,464,113 245,704
Avery Dennison Corp. COM 053611109 1,805 30,000 SH Defined 30,000
BP plc COM 055622104 354 5,400 SH Defined 5,400
BRE Properties COM 05564E106 278,236 4,651,972 SH Defined 4,337,495 314,477
Baker Hughes Inc COM 057224107 552 8,100 SH Defined 8,100
Bank of America Corp. COM 060505104 7,269 135,700 SH Defined 135,700
Becton Dickinson COM 075887109 205 2,900 SH Defined 2,900
Bellsouth Corp COM 079860102 4,348 101,700 SH Defined 101,700
BioMed Property Trust COM 09063H107 117,013 3,856,733 SH Defined 3,701,933 154,800
Boeing Co COM 097023105 315 4,000 SH Defined 4,000
Boston Properties COM 101121101 484,240 4,674,449 SH Defined 4,437,968 236,481
Brandywine Realty Tr. COM 105368203 288,226 8,850,407 SH Defined 8,811,985 38,422
Brookfield Properties COM 112900105 376,557 10,661,304 SH Defined 10,048,254 613,050
C&S Advantage Income Realty Fund COM 19247W102 291 11,046 SH Defined 11,046
C&S Quality Income Realty Fund COM 19247l106 248 10,293 SH Defined 10,293
CBL & Associates COM 124830100 114,281 2,718,540 SH Defined 2,635,129 83,411
CMS Energy Corp COM 125896100 1,741 120,600 SH Defined 120,600
Camden Ppty Trust COM 133131102 213,878 2,812,724 SH Defined 2,756,834 55,890
Carnival Corp. COM 143658300 259 5,500 SH Defined 5,500
Cathay Pacific Airways COM 148906308 270 26,400 SH Defined 26,400
Cedar Shopping Centers Inc. COM 150602209 83,429 5,159,500 SH Defined 5,159,500
ChevronTexaco Corp. COM 166764100 4,553 70,200 SH Defined 70,200
Citigroup Inc COM 172967101 6,611 133,100 SH Defined 133,100
Citizens Communications Co. COM 17453B101 32,855 2,340,100 SH Defined 2,340,100
Cleco Corporation COM 12561W105 13,382 530,200 SH Defined 530,200
Coca-cola Co/The COM 191216100 1,899 42,500 SH Defined 42,500
Colonial Property Tr COM 195872106 256,113 5,356,886 SH Defined 5,265,256 91,630
Comerica COM 200340107 4,144 72,800 SH Defined 72,800
ConocoPhillips COM 20825C104 2,185 36,700 SH Defined 36,700
Consolidated Edison Inc COM 209115104 110,959 2,401,700 SH Defined 2,401,700
Contrywide Financial Corp COM 222372104 361 10,300 SH Defined 10,300
Costco Wholesale Corp COM 22160K105 273 5,500 SH Defined 5,500
Cousins Properties COM 222795106 63,095 1,844,341 SH Defined 1,666,238 178,103
Crescent Real Estate COM 225756105 35,273 1,617,264 SH Defined 1,549,864 67,400
DCP Midstream Partners LP COM 23311P100 10,654 380,500 SH Defined 380,500
DPL Inc. COM 233293109 10,612 391,300 SH Defined 391,300
DTE Energy Co COM 233331107 95,979 2,312,200 SH Defined 2,312,200
Developers Divers. COM 251591103 126,671 2,271,723 SH Defined 2,210,123 61,600
Diageo Capital PLC COM 25243Q205 646 9,100 SH Defined 9,100
Diamondrock Hospitality Company COM 252784301 78,552 4,729,200 SH Defined 4,729,200
Digital Realty Trust Inc. COM 253868103 12,672 404,600 SH Defined 404,600
Dominion Resources Inc COM 25746U109 47,940 626,744 SH Defined 626,744
Dow Chemical Co COM 260543103 3,458 88,700 SH Defined 88,700
Du Pont (E.I.) De Nemours COM 263534109 3,646 85,100 SH Defined 85,100
Duke Energy Corporation COM 26441C105 265,890 8,804,320 SH Defined 8,804,320
Duke Realty Corp COM 264411505 85,393 2,285,165 SH Defined 2,239,100 46,065
E.ON AG-Spons ADR COM 268780103 57,888 1,459,238 SH Defined 1,459,238
Eastgroup Properties COM 277276101 59,116 1,185,633 SH Defined 1,060,633 125,000
Eastman Chemical Company COM 277432100 3,781 70,000 SH Defined 70,000
Edison International COM 281020107 70,094 1,683,340 SH Defined 1,683,340
Education Realty Trust COM 28140H104 46,913 3,178,400 SH Defined 3,178,400
El Paso Electric Co COM 283677854 2,104 94,200 SH Defined 94,200
Eli Lilly & Co COM 532457108 1,807 31,700 SH Defined 31,700
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
--------------------------- ------- --------- ------- ----------------- ------- -------- --------------------------
TITLE
OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (X1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
--------------------------- ------- -------- ------- -------- --- ---- ------- -------- ---- ------ ------
Energy East Corp COM 29266M109 10,653 449,100 SH Defined 449,100
Entergy Corp COM 29364G103 96,959 1,239,404 SH Defined 1,239,404
Entertainment Properties COM 29380T105 76,382 1,548,700 SH Defined 1,548,700
Equitable Resources Inc COM 294549100 53,181 1,520,320 SH Defined 1,520,320
Equity Inns Inc COM 294703103 22,430 1,408,900 SH Defined 1,408,900
Equity Office Pptys COM 294741103 1,151,807 28,927,908 SH Defined 27,829,390 1,098,518
Equity One COM 294752100 30,181 1,259,100 SH Defined 1,259,100
Equity Residential COM 29476L107 626,312 12,354,218 SH Defined 11,659,404 694,814
Essex Property Tr. COM 297178105 189,772 1,563,139 SH Defined 1,462,039 101,100
Exelon Corp COM 30161N101 162,386 2,682,297 SH Defined 2,682,297
Extra Space Storage Inc. COM 30225T102 128,705 7,435,308 SH Defined 7,043,408 391,900
Exxon Mobil Corp COM 30231G102 651 9,700 SH Defined 9,700
FPL Group Inc COM 302571104 72,193 1,604,286 SH Defined 1,604,286
Fairpoint Communicationss Inc COM 305560104 32,033 1,841,000 SH Defined 1,841,000
Federal Realty Inv. COM 313747206 207,285 2,789,701 SH Defined 2,589,401 200,300
Fifth Third Bancorp COM 316773100 3,522 92,500 SH Defined 92,500
First Horizon National Corp. COM 320517105 4,746 124,850 SH Defined 124,850
First Industrial Rlty COM 32054K103 92,890 2,111,000 SH Defined 2,110,500 500
FirstEnergy Corp COM 337932107 97,356 1,742,855 SH Defined 1,742,855
Forest City Enterprises COM 345550107 22,304 410,750 SH Defined 269,050 141,700
Freddie Mac COM 313400301 405 6,100 SH Defined 6,100
GMH Communities Trust COM 36188G102 62,826 4,978,267 SH Defined 4,902,267 76,000
General Dynamics Corp COM 369550108 588 8,200 SH Defined 8,200
General Electric COM 369604103 4,423 125,300 SH Defined 125,300
General Growth COM 370021107 238,953 4,998,499 SH Defined 4,793,370 205,129
General Mills Inc COM 370334104 2,100 37,100 SH Defined 37,100
Glimcher Realty Tr COM 379302102 141,675 5,717,300 SH Defined 5,717,300
GlobalSantaFe Corp COM G3930E101 725 14,500 SH Defined 14,500
Gramercy Capital Corp COM 384871109 55,462 2,200,000 SH Defined 2,200,000
HCC Insurance Inc COM 404132102 763 23,200 SH Defined 23,200
HJ Heinz Company COM 423074103 3,036 72,400 SH Defined 72,400
HRPT Properties Tr. COM 40426W101 90,678 7,588,100 SH Defined 7,588,100
HSBC Holdings - Spons ADR COM 404280406 824 9,000 SH Defined 9,000
Harrah's Entertainment COM 413619107 485 7,300 SH Defined 7,300
Hawaiian Electric Industries COM 419870100 19,770 730,600 SH Defined 730,600
Health Care Ppty COM 421915109 223,657 7,200,802 SH Defined 7,192,100 8,702
Health Care REIT COM 42217K106 199,143 4,977,325 SH Defined 4,970,525 6,800
Healthcare Rlty Tr. COM 421946104 54,515 1,419,300 SH Defined 1,419,300
Hershey Company COM 427866108 444 8,300 SH Defined 8,300
Highwoods Properties COM 431284108 124,765 3,353,000 SH Defined 3,353,000
Hilton Hotels Corp COM 432848109 186,205 6,648,099 SH Defined 6,164,312 483,787
Home Properties COM 437306103 249,890 4,367,298 SH Defined 4,350,640 16,658
Hongkong Land Holdings Ltd COM 6434915 69,779 17,984,383 SH Defined 17,984,383
Hospitality Pptys Tr COM 44106M102 153,608 3,254,400 SH Defined 3,254,400
Host Hotels & Resorts COM 44107P104 379,989 16,528,847 SH Defined 15,422,785 1,106,062
ITC Holdings Corp. COM 465685105 14,676 470,400 SH Defined 470,400
Inland Real Estate Corp COM 457461200 108,613 6,199,400 SH Defined 6,152,900 46,500
Intel Corp COM 458140100 241 11,700 SH Defined 11,700
Intercontinental Hotels - ADR COM 45857P202 409 23,213 SH Defined 23,213
International Business Machines COM 459200101 229 2,800 SH Defined 2,800
J.C. Penney COM 708160106 554 8,100 SH Defined 8,100
JPMorgan Chase and Co COM 46625H100 662 14,100 SH Defined 14,100
Johnson and Johnson COM 478160104 773 11,900 SH Defined 11,900
Kellogg Co COM 487836108 3,664 74,000 SH Defined 74,000
KeyCorp COM 493267108 5,354 143,000 SH Defined 143,000
Kilroy Realty COM 49427F108 112,311 1,490,613 SH Defined 1,448,313 42,300
Kimberly-Clark Corp COM 494368103 4,033 61,700 SH Defined 61,700
Kimco Realty Corp. COM 49446R109 6,277 130,865 SH Defined 72,700 58,165
Kite Realty Group Trust COM 49803T102 5,627 330,200 SH Defined 330,200
Leggett & Platt Inc COM 524660107 1,835 73,300 SH Defined 73,300
Lexington Corporate COM 529043101 41,589 1,963,600 SH Defined 1,963,600
Liberty Property Tr COM 531172104 517,811 10,827,237 SH Defined 10,604,442 222,795
Limited Brands COM 532716107 1,984 74,900 SH Defined 74,900
Linear Technology Corp COM 535678106 523 16,800 SH Defined 16,800
Lockheed Martin Corp COM 539830109 671 7,800 SH Defined 7,800
Macerich COM 554382101 434,260 5,681,637 SH Defined 5,498,137 183,500
Mack-Cali Realty COM 554489104 482,544 9,308,526 SH Defined 9,010,665 297,861
Magellan Midstream Holdings COM 55907R108 4,545 202,000 SH Defined 202,000
Maguire Properties COM 559775101 270,436 6,635,586 SH Defined 6,387,700 247,886
Masco Corp COM 574599106 1,549 56,500 SH Defined 56,500
Medical Properties Trust COM 58463J304 29,951 2,236,800 SH Defined 2,236,800
Medtronic Inc COM 585055106 520 11,200 SH Defined 11,200
Microchip Technology COM 595017104 509 15,700 SH Defined 15,700
Microsoft Corp COM 594918104 350 12,800 SH Defined 12,800
Mid-America Apartment CommunitiesCOM 59522J103 73,727 1,204,300 SH Defined 1,204,300
Mills Corp COM 601148109 36,624 2,191,727 SH Defined 2,079,435 112,292
Mission West COM 605203108 31,767 2,786,600 SH Defined 2,786,600
Monsanto Company COM 61166W101 235 5,000 SH Defined 5,000
Morgan Stanley COM 617446448 343 4,700 SH Defined 4,700
National City Corp. COM 635405103 5,625 153,700 SH Defined 153,700
National Retail Properties COM 637417106 20,179 934,200 SH Defined 934,200
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
--------------------------- ------- --------- ------- ----------------- ------- -------- --------------------------
TITLE
OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (X1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
--------------------------- ------- --------- ------- -------- --- ---- ------- -------- ------ ------- ------
Nationwide Health COM 638620104 256,131 9,578,577 SH Defined 9,507,277 71,300
New Plan Excel Rlty COM 648053106 32,613 1,204,127 SH Defined 1,198,400 5,727
Newcastle Investment Corporation COM 65105M108 156,431 5,707,076 SH Defined 5,707,076
Newell Rubbermaid Inc. COM 651229106 4,036 142,500 SH Defined 142,500
NiSource Inc COM 65473P105 3,761 173,000 SH Defined 173,000
Nike Inc. COM 654106103 552 6,300 SH Defined 6,300
Nordstrom Inc COM 655664100 389 9,200 SH Defined 9,200
Northeast Utilities COM 664397106 15,179 652,300 SH Defined 652,300
Northrop Grumman Corp COM 666807102 470 6,900 SH Defined 6,900
Nstar COM 67019E107 24,256 727,100 SH Defined 727,100
Omega Healthcare COM 681936100 3,095 206,200 SH Defined 206,200
PACCAR Inc. COM 693718108 217 3,800 SH Defined 3,800
PG&E Corp COM 69331C108 103,326 2,480,807 SH Defined 2,480,807
PPG Industries Inc. COM 693506107 1,925 28,700 SH Defined 28,700
PPL Corp COM 69351T106 51,218 1,556,778 SH Defined 1,556,778
Parkway Pptys COM 70159Q104 72,642 1,562,532 SH Defined 1,416,432 146,100
Paychex Inc. COM 704326107 251 6,800 SH Defined 6,800
Pennsylvania REIT COM 709102107 67,712 1,590,600 SH Defined 1,590,600
Pepco Holdings Inc COM 713291102 58,008 2,400,000 SH Defined 2,400,000
Petro-Canada COM 71644E102 315 7,800 SH Defined 7,800
Pfizer Inc. COM 717081103 6,268 221,000 SH Defined 221,000
Pinnacle West Capital Corp COM 723484101 59,709 1,325,400 SH Defined 1,325,400
Pitney Bowes Inc COM 724479100 3,669 82,700 SH Defined 82,700
Post Properties COM 737464107 171,394 3,600,292 SH Defined 3,388,544 211,748
ProLogis COM 743410102 320,216 5,595,919 SH Defined 5,298,065 297,854
Procter & Gamble Company COM 742718109 893 14,400 SH Defined 14,400
Progress Energy Inc COM 743263105 90,971 2,004,650 SH Defined 2,004,650
Public Service Enterprise Group COM 744573106 87,627 1,432,043 SH Defined 1,432,043
Public Storage Inc. COM 74460D109 395,443 4,585,983 SH Defined 4,310,725 275,258
Public Storage-Series A COM 74460D729 22,638 826,200 SH Defined 826,200
Questar Corp COM 748356102 1,279 15,639 SH Defined 15,639
RR Donnelley & Sons COM 257867101 3,632 110,200 SH Defined 110,200
Ramco-Gershenson COM 751452202 51,647 1,616,500 SH Defined 1,616,500
Reckson Assoc COM 75621K106 177,031 4,124,610 SH Defined 3,964,104 160,506
Republic Property Trust COM 760737106 1,033 93,740 SH Defined 93,740
SL Green Realty COM 78440X101 135,668 1,208,442 SH Defined 1,140,597 67,845
Scana Corp Hldg Co. COM 80589M102 18,726 465,000 SH Defined 465,000
Schlumberger Ltd COM 806857108 248 4,000 SH Defined 4,000
Scottish Power Plc-ADR COM 81013T804 18,051 371,730 SH Defined 371,730
Sempra Energy COM 816851109 10,677 212,468 SH Defined 212,468
Senior Housing Pptys COM 81721M109 96,790 4,535,600 SH Defined 4,320,500 215,100
Sierra Pacific Resources COM 826428104 1,550 108,100 SH Defined 108,100
Simon Property Group COM 828806109 591,508 6,509,342 SH Defined 6,254,120 255,222
Sonoco Products Co COM 835495102 1,827 54,300 SH Defined 54,300
Southern Co COM 842587107 135,642 3,936,224 SH Defined 3,936,224
Southern Union Co COM 844030106 1,725 65,300 SH Defined 65,300
Sovran Self Storage COM 84610H108 80,664 1,452,100 SH Defined 1,452,100
Spirit Finance Corp. COM 848568309 93,083 8,017,500 SH Defined 8,017,500
Starwood Hotels COM 85590A401 194,556 3,383,871 SH Defined 3,093,634 290,237
Strategic Hotel Capital COM 86272T106 194,602 9,788,856 SH Defined 9,333,256 455,600
Sun Communities COM 866674104 92,627 2,898,228 SH Defined 2,727,528 170,700
TXU Corp COM 873168108 112,797 1,804,180 SH Defined 1,804,180
Tanger Factory Ctrs COM 875465106 91,517 2,567,851 SH Defined 2,463,248 104,603
Taubman Centers COM 876664103 55,565 1,242,121 SH Defined 1,75,225 66,896
Teco Energy COM 872375100 5,916 378,000 SH Defined 378,000
Teekay LNG Partners LP COM Y8564M105 5,472 179,700 SH Defined 179,700
Teva Pharmaceutical COM 881624209 259 7,600 SH Defined 7,600
Thomas Properties Group COM 884453101 8,094 629,900 SH Defined 421,500 208,400
U-Store-It Trust COM 91274F104 119,736 5,579,502 SH Defined 5,315,902 263,600
US Bancorp COM 902973304 6,504 195,800 SH Defined 195,800
United Dominion COM 910197102 134,301 4,435,227 SH Defined 4,391,000 44,227
United Parcel Svc COM 911312106 619 8,600 SH Defined 8,600
Urstadt Biddle Class A COM 917286205 29,797 1,639,877 SH Defined 1,639,877
Vectren Corporation COM 92240G101 14,410 536,667 SH Defined 536,667
Ventas Inc. COM 92276F100 391,643 10,161,983 SH Defined 10,032,483 129,500
Verizon Communications COM 92343V104 6,279 169,100 SH Defined 169,100
Vodafone Group Plc COM 92857W209 205 8,988 SH Defined 8,988
Vornado Realty Tr. COM 929042109 738,130 6,761,261 SH Defined 6,550,472 210,789
WPS Resources Corp COM 92931B106 3,757 75,700 SH Defined 75,700
Wal-Mart De Mexico SA COM 93114W107 554 16,300 SH Defined 16,300
Washington Mutual COM 939322103 5,964 137,200 SH Defined 137,200
Waste Management Inc COM 94106L109 1,346 36,700 SH Defined 36,700
Wells Fargo and Co COM 949746101 1,056 29,200 SH Defined 29,200
Weyerhaeuser Co COM 962166104 1,514 24,600 SH Defined 24,600
Williams Cos Inc COM 969457100 437 18,300 SH Defined 18,300
Williams Partners LP COM 96950F104 11,704 324,300 SH Defined 324,300
Windrose Medical Properties COM 973491103 31,258 1,768,000 SH Defined 1,731,700 36,300
Worthington Industries Inc COM 981811102 3,136 183,800 SH Defined 183,800
Xcel Energy Inc COM 98389B100 69,871 3,383,603 SH Defined 3,383,603
iStar Financial COM 45031U101 145,070 3,478,900 SH Defined 3,478,900
Abbey Nat. ADR 7.375% (ANB B) PFD 002920700 2,865 109,200 SH Defined 109,200
Abbey Nat. ADR 7.375% (ANB C) PFD 002920809 12,578 493,264 SH Defined 493,264
Crescent Real Estate Pr.A PFD 225756204 53,158 2,425,100 SH Defined 2,425,100
Felcor Lodging Pr.A PFD 31430F200 1,036 41,600 SH Defined 41,600
HSBC Holdings PLC 6.20% (HBC A) PFD 404280604 528 21,100 SH Defined 21,100
Royal Bank of Scotland Pr.H PFD 780097879 2,934 115,100 SH Defined 115,100
Royal Bank of Scotland Pr.K PFD 780097820 774 30,600 SH Defined 30,600
Windrose Medical Prop. Pr.A PFD 973491202 8,422 300,800 SH Defined 300,800
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245 Data Records
19,294,219 Value Total
01 Other Manager on whose behalf report is filed