UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 13F

                               FORM 13F COVER PAGE

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

Check here if Amendment [x]; Amendment Number:3

This Amendment (Check only one.): [x] is a restatement.
                                  [ ] adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:    Mitchell A. Danaher
Title:   Assistant Comptroller
Phone:   (203) 373-3563

13F File Number:  28-01502

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:     Mitchell A. Danaher
Title:    Assistant Comptroller
Phone:    (203) 373-3563

Signature, Place, and Date of Signing:

Mitchell A. Danaher     Fairfield, CT  06431          March 9, 2001
-------------------     -------------  -----          -----------------


Report Type (Check only one.):

[X]  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).)

[ ]  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).)




                              FORM 13F SUMMARY PAGE


Report Summary:

Number of Other Included Managers:             01

Form 13F Information Table Entry Total:     455

Form 13F Information Table Value Total:  $6012753
                                        (thousands)

List of Other Included Managers:

No. Form 13F File Number  Name
--  --------------------  ----
01                        Employers Reinsurance Corporation


FROM 13F INFORMATION TABLE
                                                                                              
                                    TITLE OF             VALUE    SHRS OR  SH/  PUT/  INVESTMENT  OTHER     ----VOTING AUTHORITY----
NAME OF ISSUER                      CLASS    CUSIP     (x$1000)   PRN AMT  PRN  CALL  DISCRETION  MANAGERS     SOLE   SHARED   NONE

BANK OF BERMUDA                       COM    G07644100      218       7650   SH         SOLE                   7650
GEMSTAR                               COM    G3788V106    24181     281179   SH         SOLE                 281179
GLOBALSTAR                            COM    G3930H104    38153    2749760   SH         SOLE                2749760
TEEKAY SHIPPING                       COM    Y8564W103      323      20000   SH         SOLE                  20000
EXODUS COMM                           COM    302088109     5706      40598   SH         SOLE                  40598
AFLAC INC                             COM    001055102      205       4500   SH         SOLE                   4500
AT&T CORPORATION                      COM    001957109     2365      42000   SH         SOLE                  42000
ABBOTT LABORATORIES                   COM    002824100      211       6000   SH         SOLE                   6000
ACCRUE SOFTWARE                       COM    00437W102    27681     604432   SH         SOLE                 604432
AC NIELSEN CORP                       COM    004833109      910      40462   SH         SOLE                  40462
ACXIOM CORPORATION                    COM    005125109     1081      32500   SH         SOLE                  32500
ADVANCED RADIO                        COM    00754U101    41406    1250000   SH         SOLE                1250000
AETNA INC                             COM    008117103     3508      63200   SH         SOLE                  63200
ALBERTSON'S INC                       COM    013104104     4106     133000   SH         SOLE                 133000
ALLEGIANCE TELECOM INC                COM    01747T102     1783      22118   SH         SOLE                  22118
ALLERGAN INC                          COM    018490102     2435      48700   SH         SOLE                  48700
ALLSTATE CORP                         COM    020002101      714      30000   SH         SOLE                  30000
ALTERA CORPORATION                    COM    021441100     3793      42500   SH         SOLE                  42500
ALTEON                                COM    02145A109    33620     410000   SH         SOLE                 410000
AMAZON.COM, INC                       COM    023135106     2513      37500   SH         SOLE                  37500
AMERICA ONLINE INC                    COM    02364J104    11141     165200   SH         SOLE                 165200
AMERICA WEST                          COM    023657203      324      20892   SH         SOLE                  20892
AMERICAN EXPRESS                      COM    025816109      968       6500   SH         SOLE                   6500
AMERICAN HOME PRODUCTS CORP           COM    026609107     1290      24000   SH         SOLE                  24000
AMERICAN INTL GROUP                   COM    026874107     2697      24633   SH         SOLE                  24633
AMGEN INC                             COM    031162100      614      10000   SH         SOLE                  10000
ANALOG DEVICES INC                    COM    032654105     4025      50000   SH         SOLE                  50000
ANHEUSER-BUSCH COS INC                COM    035229103     2179      35000   SH         SOLE                  35000
AON CORP                              COM    037389103      871      27000   SH         SOLE                  27000
AIMCO                                 COM    03748R101     1784      46728   SH         SOLE                  46728
APPLE COMPUTER INC                    COM    037833100     2119      15600   SH         SOLE                  15600
APPLIED MATERIALS                     COM    038222105     3096      32844   SH         SOLE                  32844
ASK JEEVES                            COM    045174109      383       6055   SH         SOLE                   6055
ASSOCIATES FIRST CAPITAL              COM    046008108      428      20000   SH         SOLE                  20000
AURORA BIOSCIENCES                    COM    051920106      475       8645   SH         SOLE                   8645
AUTOBYTEL.COM                         COM    05275N106    15669    1906501   SH         SOLE                1906501
AVERY DENNISON CORP                   COM    053611109      611      10000   SH         SOLE                  10000
AVNET INC                             COM    053807103      313       5827   SH         SOLE                   5827
AVON PRODUCTS INC                     COM    054303102     1024      35000   SH         SOLE                  35000
BJ WHOLESALE CLUB                     COM    05548J106     2617      68200   SH         SOLE                  68200
BAKER HUGHES INCORPORATED             COM    057224107      343      13900   SH         SOLE                  13900
BANK OF AMERICA CORP                  COM    060505104     2706      51608   SH         SOLE                  51608
BANK OF NEW YORK CO INC               COM    064057102      790      19000   SH         SOLE                  19000
BANK ONE CORP                         COM    06423A103     3469     101900   SH         SOLE                 101900
BAXTER INTERNATIONAL INC              COM    071813109      940      15000   SH         SOLE                  15000
BEA SYSTEMS INC                       COM    073325102     1159      15800   SH         SOLE                  15800
BELL ATLANTIC CORP                    COM    077853109     2936      48034   SH         SOLE                  48034
BERKSHIRE HATWY                       COM    084670108     3032         53   SH         SOLE                     53
BIOCHEM PHARMA INC                    COM    09058T108      644      23000   SH         SOLE                  23000
BLUESTONE                             COM    09623P102    75712    2243310   SH         SOLE                2243310
BOEING CO                             COM    097023105     1158      28500   SH         SOLE                  28500
BREAKAWAY                             COM    106372105    56021    1231222   SH         SOLE                1231222
BRISTOL-MYERS SQUIBB CO               COM    110122108     1102      19000   SH         SOLE                  19000
BROCADE COMMUNICATIONS SYS            COM    111621108     1867      11010   SH         SOLE                  11010
BULL RUN                              COM    120182100    13829    3457251   SH         SOLE                3457251
BURLINGTON NORTHERN SANTA FE          COM    12189T104      887      39000   SH         SOLE                  39000
BURLINGTON RESOURCES                  COM    122014103      222       6000   SH         SOLE                   6000
CVS CORP                              COM    126650100      563      15000   SH         SOLE                  15000
CV THERAPEUTICS                       COM    126667104      215       5000   SH         SOLE                   5000
CABLETRON SYSTEMS                     COM    126920107     3225     109800   SH         SOLE                 109800
CAREER BUILDER                        COM    141684100     3784     917431   SH         SOLE                 917431
CATERPILLAR INC                       COM    149123101      526      12400   SH         SOLE                  12400
CHAMPION INTERNATIONAL                COM    158525105     1618      30381   SH         SOLE                  30381
CHARTER ONE FINANCIAL INC             COM    160903100     1111      52900   SH         SOLE                  52900
CHASE MANHATTAN CORP NEW              COM    16161A108     6121      70200   SH         SOLE                  70200
CHECKFREE HOLDINGS CORP               COM    162816102      874      12400   SH         SOLE                  12400
CHOICE ONE                            COM    17038P104     9393     264602   SH         SOLE                 264602
CIRCUIT CITY STORES                   COM    172737108      925      15200   SH         SOLE                  15200
CISCO SYSTEMS                         COM    17275R102     2742      35472   SH         SOLE                  35472
CINTAS CORP                           COM    172908105     1761      44930   SH         SOLE                  44930
CITIGROUP INC                         COM    172967101     9297     155279   SH         SOLE                 155279
COASTAL CORP                          COM    190441105     1375      29900   SH         SOLE                  29900
COBALT GROUP                          COM    19074Q103     5937     454545   SH         SOLE                 454545
COCA-COLA COMPANY                     COM    191216100      689      12000   SH         SOLE                  12000
COMMERCEONE                           COM    200693109   135325     906697   SH         SOLE                 906697
COMVERSE TECHNOLOGY INC               COM    205862402     3752      19850   SH         SOLE                  19850
CONNETICS CORP                        COM    208192104      229      27318   SH         SOLE                  27318
CONOCO INC                            CL A   208251306      788      32000   SH         SOLE                  32000
CONOCO INC                            CL B   208251405      275      11667   SH         SOLE                  11667
CONSOLIDATED STORES CORP              COM    210149100     1723     151500   SH         SOLE                 151500
CONVERGYS CORP                        COM    212485106     1822      47100   SH         SOLE                  47100
COOPER CAMERON CORP                   COM    216640102     1966      29400   SH         SOLE                  29400
CORSAIR                               COM    220406102     7848     410355   SH         SOLE                 410355
COULTER PHARMA                        COM    222116105      319       8187   SH         SOLE                   8187
COVAD COMMUNICATIONS GROUP            COM    222814204      638       8800   SH         SOLE                   8800
CROWN CASTLE INTL CORP                COM    228227104     1189      31400   SH         SOLE                  31400
CYBERSOURCE                           COM    23251J106    49312    1323802   SH         SOLE                1323802
DANAHER CORP                          COM    235851102     1586      31100   SH         SOLE                  31100
DARDEN RESTAURANTS INC                COM    237194105      267      15000   SH         SOLE                  15000
DEERE & CO                            COM    244199105      467      10700   SH         SOLE                  10700
DELL COMPUTER CORP                    COM    247025109     9613     183400   SH         SOLE                 183400
DEVON ENERGY                          COM    25179M103     1360      28000   SH         SOLE                  28000
DIAMOND TECH PARTNERS INC             COM    252762109      684      10400   SH         SOLE                  10400
DIGITAL THINK                         COM    25388M100    60554    1537281   SH         SOLE                1537281
WALT DISNEY CO                        COM    254687106      726      20000   SH         SOLE                  20000
DOMINION RESOURCES INC/VA             COM    25746U109     1441      37500   SH         SOLE                  37500
DOVER CORP                            COM    260003108     1293      27000   SH         SOLE                  27000
DUPONT E I DE NEMOURS & CO            COM    263534109     1384      25505   SH         SOLE                  25505
DUKE ENERGY CORP                      COM    264399106     1811      34500   SH         SOLE                  34500
DYCOM INDUSTRIES INC                  COM    267475101     2491      51100   SH         SOLE                  51100
EMC CORP/MASS                         COM    268648102     1134       9000   SH         SOLE                   9000
E-STAMP                               COM    269154100     1431     193986   SH         SOLE                 193986
EATON CORP                            COM    278058102     1560      20000   SH         SOLE                  20000
ECOLAB INC                            COM    278865100      649      17700   SH         SOLE                  17700
EMBREX                                 WT    290817105      570      30000   SH         SOLE                  30000
EMCORE                                COM    290846104    39235     341000   SH         SOLE                 341000
EMERSON ELECTRIC CO                   COM    291011104     1330      25043   SH         SOLE                  25043
ENHANCE FINANCIAL SVCS GROUP          COM    293310108     1259      89100   SH         SOLE                  89100
ENRON CORP                            COM    293561106     1535      20500   SH         SOLE                  20500
ENTERCOM COMMUNICATIONS CORP          COM    293639100      230       4500   SH         SOLE                   4500
EQUITY RESIDENTIAL PROPERTIES         COM    29476L107      435      10800   SH         SOLE                  10800
ETOYS                                 COM    297862104      235      16097   SH         SOLE                  16097
EXTREME NETWORKS                      COM    30226D106     7266      77344   SH         SOLE                  77344
EXODUS COMM                           COM    302088109     5704      40598   SH         SOLE                  40598
EXXON MOBIL CORPORATION               COM    30231G102     4224      54192   SH         SOLE                  54192
FAMILY DOLLAR STORES                  COM    307000109     2420     116300   SH         SOLE                 116300
FATBRAIN COM INC                      COM    311889109      329      19091   SH         SOLE                  19091
FANNIE MAE                            COM    313586109     5351      94600   SH         SOLE                  94600
FEDERATED DEPT STORES INC NEW         COM    31410H101     1606      38000   SH         SOLE                  38000
FEDEX CORP                            COM    31428X106      748      18900   SH         SOLE                  18900
FINOVA GROUP INC                      COM    317928109     2465     146600   SH         SOLE                 146600
FIRST DATA CORP                       COM    319963104     2396      54000   SH         SOLE                  54000
FIRSERV INC                           COM    337738108     2389      64250   SH         SOLE                  64250
FLEET BOSTON FINANCIAL CORP           COM    339030108     4327     118560   SH         SOLE                 118560
FORD MOTOR CO DEL                     COM    345370100     1286      28000   SH         SOLE                  28000
FOREST LABORATORIES INC               COM    345838106      710       8400   SH         SOLE                   8400
FRANKLIN RESOURCES INC.               COM    354613101      863      25800   SH         SOLE                  25800
FURNITURE BRANDS INTL INC             COM    360921100     1234      65600   SH         SOLE                  65600
GANNETT CO                            COM    364730101     1232      17500   SH         SOLE                  17500
GATEWAY INC                           COM    367626108     5883     110900   SH         SOLE                 110900
GENERAL DYNAMICS                      COM    369550108      920      18500   SH         SOLE                  18500
GENERAL MOTORS CORP                   COM    370442105     3776      45600   SH         SOLE                  45600
GILEAD SCIENCES INC                   COM    375558103     1432      22600   SH         SOLE                  22600
GILETTE COMPANY                       COM    375766102      489      13000   SH         SOLE                  13000
GLOBAL MARINE INC                     COM    379352404     1956      77100   SH         SOLE                  77100
GREENPOINT FINANCIAL CORP             COM    395384100     1148      58500   SH         SOLE                  58500
HEALTH & REHABILITATION               COM    40426W101      319      34000   SH         SOLE                  34000
HALLIBURTON CO                        COM    406216101      434      12000   SH         SOLE                  12000
HARLEY-DAVIDSON INC                   COM    412822108     1810      22800   SH         SOLE                  22800
HARRAHS ENTERTAINMENT INC             COM    413619107      639      34400   SH         SOLE                  34400
HARTFORD FINANCIAL SVCS GRP           COM    416515104      791      15000   SH         SOLE                  15000
HARTFORD LIFE-CL A                    COM    416592103     2325      49600   SH         SOLE                  49600
HEALTHSOUTH CORPORATION             CVT BOND 421924AF8    19569   25250000   PRN        SOLE               25250000
HEARTPORT                             COM    421969106      170      32500   SH         SOLE                  32500
HEALTHGATE DATA                       COM    42222H106    14099    2506456   SH         SOLE                2506456
HEINZ (H J) CO                        COM    423074103      959      27500   SH         SOLE                  27500
HEWLETT PACKARD CO                    COM    428236103     2658      20000   SH         SOLE                  20000
HI-RISE                                WT    428396105      570    1000158   SH         SOLE                1000158
HOLLYWOOD ENTERTAINMENT CORP          COM    436141105     1352     167700   SH         SOLE                 167700
HOME PRODUCTS INTERNATIONAL           COM    437305105      378      34000   SH         SOLE                  34000
HOMELAND HOLDING                      COM    43739T104      479     112678   SH         SOLE                 112678
HOMESTORE                             COM    437852106   172540    3539300   SH         SOLE                3539300
HOUSEHOLD INTERNATIONAL               COM    441815107    13339     357507   SH         SOLE                 357507
ICG COMMUNICATIONS INC                COM    449246107     5285     146300   SH         SOLE                 146300
IDEC PHARMACEUTIALS CORP              COM    449370105      275       2800   SH         SOLE                   2800
IMS HEALTH INC                        COM    449934108      384      22700   SH         SOLE                  22700
ISS GROUP INC                         COM    450306105      291       2500   SH         SOLE                   2500
IXL                                   COM    450718101    89613    3200458   SH         SOLE                3200458
IXL ENTERPRISES INC                   COM    450718101     4370     437038   SH         SOLE                 437038
IDEXX LABORATORIES INC                COM    45168D104      856      36700   SH         SOLE                  36700
IMMUNEX CORP                          COM    452528102     1757      27700   SH         SOLE                  27700
IMPROVENET                            COM    45321E106     9578    1298701   SH         SOLE                1298701
INFORMATICA CORP                      COM    45666Q102      594       6342   SH         SOLE                   6342
INHALE THERAPEUTIC SYSTEM INC         COM    457191104      499       6700   SH         SOLE                   6700
INSIGHT COMMUNICATIONS INC            COM    45768V108      635      30800   SH         SOLE                  30800
INTEL CORP                            COM    458140100     5937      45000   SH         SOLE                  45000
INTERNATIONL BUSINESS MACHINES        COM    459200101     7021      59500   SH         SOLE                  59500
INTERNET CAPITAL GROUP                COM    46059C106   782484    8664181   SH         SOLE                8664181
INTERACTIVE PICTURES                  COM    46059S101    51991    1531951   SH         SOLE                1531951
INTERPUBLIC GROUP COS                 COM    460690100      425       9000   SH         SOLE                   9000
INTEVAC INC                         CVT BOND 461148AC2      540    1000000   PRN        SOLE                1000000
INTUIT INC                            COM    461202103     2197      40400   SH         SOLE                  40400
IVAX CORP                             COM    465823102     1654      60700   SH         SOLE                  60700
JABIL CIRCUIT INC                     COM    466313103     1596      36900   SH         SOLE                  36900
JAZZTEL                               COM    47214R152    92120    1138159   SH         SOLE                1138159
KEYNOTE SYSTEMS                       COM    493308100   129548    1266969   SH         SOLE                1266969
LSI LOGIC CORP                        COM    502161102     2019      27800   SH         SOLE                  27800
LADISH COMPANY INC                    COM    505754200      404      59833   SH         SOLE                  59833
LAM RESEARCH CORPORATION              COM    512807108     1307      29000   SH         SOLE                  29000
ESTEE LAUDER COMPANY                  COM    518439104     1427      28500   SH         SOLE                  28500
LAUNCH MEDIA                          COM    518567102    12255     784313   SH         SOLE                 784313
LENDING TREE                          COM    52602Q105    20658    1530202   SH         SOLE                1530202
LILLY (ELI) & CO                      COM    532457108     1033      16500   SH         SOLE                  16500
LINENS 'N THINGS                      COM    535679104     1195      34900   SH         SOLE                  34900
LOWES CO INC                          COM    548661107     1534      26275   SH         SOLE                  26275
M&T BANK CORPORATION                  COM    55261F104      856       1917   SH         SOLE                   1917
MBNA CORP                             COM    55262L100     2301      90250   SH         SOLE                  90250
MCI WORLDCOM INC                      COM    55268B106     5754     126982   SH         SOLE                 126982
MGIC INVESTMENT CORP                  COM    552848103     2482      56900   SH         SOLE                  56900
MACROMEDIA INC                        COM    556100105     1129      12500   SH         SOLE                  12500
MAGNA INTERNATIONAL                   COM    559222401      418      10000   SH         SOLE                  10000
MANDALAY RESORT GROUP                 COM    562567107     2568     152200   SH         SOLE                 152200
MARKETING SERVCIES                    COM    570907105    76524    4311220   SH         SOLE                4311220
MARSH & MCLENNAN COS                  COM    571748102     1930      17500   SH         SOLE                  17500
MARSHALL & ILSLEY CORP                COM    571834100      889      15400   SH         SOLE                  15400
MARTIN MARIETTA MATERIALS             COM    573284106      950      20000   SH         SOLE                  20000
MASTEC INC                            COM    576323109     1753      19700   SH         SOLE                  19700
MASTER GRAPHICS                       COM    576346100      152     220000   SH         SOLE                 220000
MATRIXONE                             COM    57685P304    17972     450000   SH         SOLE                 450000
MAXIM INTEGRATED PRODUCTS             COM    57772K101     3873      54500   SH         SOLE                  54500
MCDONALD'S CORPORATION                COM    580135101      804      21500   SH         SOLE                  21500
MCKESSON HBOC INC                     COM    58155Q103     1961      93400   SH         SOLE                  93400
MCLEOD INC                            COM    582266102     1925      22700   SH         SOLE                  22700
COLUMBIA HCA HEALTHCARE CORP        CVT BOND 584505AC5      342     400000   PRN        SOLE                 400000
MEDIMMUNE INC                         COM    584699102     2856      16400   SH         SOLE                  16400
MEDTRONIC                             COM    585055106     3687      71700   SH         SOLE                  71700
MELLON BANK CORP                      COM    58551A108      755      22000   SH         SOLE                  22000
MDERCK & CO. INC                      COM    589331107     2485      40000   SH         SOLE                  40000
METAMORE WORLDWIDE                    COM    59133P100    36924    1186300   SH         SOLE                1186300
MICROSOFT CORPORATION                 COM    594918104     6094      59728   SH         SOLE                  59728
MICROFIELD GRAPHICS                   COM    595062104       19      34239   SH         SOLE                  34239
MIDCOAST ENERGY RESOURCES             COM    59563W104      209      12383   SH         SOLE                  12383
MODIS PROFESSIONAL SERVICES           COM    607830106     2026     163700   SH         SOLE                 163700
MORGAN STANLEY DEAN WITTER            COM    617446448     1086      13108   SH         SOLE                  13108
MURPHY OIL CORP                       COM    626717102     1550      26900   SH         SOLE                  26900
NABI INC                            CVT BOND 628716AB8      710    1000000   PRN        SOLE                1000000
NTL INCORPORATED                      COM    629407107      870       9375   SH         SOLE                   9375
NABISCO INC                           COM    629526104      392      13000   SH         SOLE                  13000
NATL COMMERCE BANCORPORATION          COM    635449101      370      20000   SH         SOLE                  20000
NATIONAL DATA CORP                    COM    635621105     1897      72957   SH         SOLE                  72957
NATIONAL OIL WELL                     COM    637071101    65954    2135800   SH         SOLE                2135800
NEOFORMA                              COM    640475109    28829    1760563   SH         SOLE                1760563
NET2PHONE                             COM    64108N106   137307    2322333   SH         SOLE                2322333
NEUROCRINE BIOSCIENCES                COM    64125C109      592      20000   SH         SOLE                  20000
NEWMONT MINING                        COM    651639106      561      25000   SH         SOLE                  25000
NEXTEL COMMUNICATIONS INC A           COM    65332V103     6271      42300   SH         SOLE                  42300
NOBLE AFFILIATES INC                  COM    654894104      547      27285   SH         SOLE                  27285
NOBLE DRILLING CORP                   COM    655042109     2214      53500   SH         SOLE                  53500
NORTEL NETWORKS CORP                  COM    656569100     1587      12582   SH         SOLE                  12582
NORTH FORK BANCORPORATION             COM    659424105     1176      65800   SH         SOLE                  65800
NOVASTAR FINANCIAL                    COM    669947400     2417     666666   SH         SOLE                 666666
OMNICOM GROUP CV                      COM    681919106     1217      13000   SH         SOLE                  13000
ON COMMAND (SPECTRAVISION)            COM    682160106    13982     932117   SH         SOLE                 932117
ON COMMAND (SPECTRAVISION)             WT    682160122     1335     296598   SH         SOLE                 296598
ONVIA                                 COM    68338T106    90605    4289000   SH         SOLE                4289000
PE CORP                               COM    69332S102     1409      14600   SH         SOLE                  14600
PMC - SIERRA INC                      COM    69344F106     1589       7800   SH         SOLE                   7800
PNC BANK CORP                         COM    693475105     1555      34500   SH         SOLE                  34500
PAINEWEBBER GROUP                     COM    695629105  1388700   31523600   SH         SOLE               31523600
PEGASUS COMMUNICATIONS                COM    705904100      513       4648   SH         SOLE                   4648
PEREGRINE SYSTEMS INC                 COM    71366Q104     1549      23100   SH         SOLE                  23100
PERKINELMER INC                       COM    714046109     2999      45100   SH         SOLE                  45100
PHARMACIA & UPJOHN INC                COM    716941109     2234      37552   SH         SOLE                  37552
PFIZER INC                            COM    717081103      651      18000   SH         SOLE                  18000
PHARMOR                                WT    717113112       66     131664   SH         SOLE                 131664
PHARMOR                               COM    717113203      317      99299   SH         SOLE                  99299
PHILLIP MORRIS COMPANIES INC          COM    718154107      438      21000   SH         SOLE                  21000
PHONE.COM INC                         COM    71920Q100     1093       6700   SH         SOLE                   6700
PILOT NETWORKS                        COM    721596104     6613     200000   SH         SOLE                 200000
PINNACLE ENTERTAINMENT INC            COM    723456109     1438      70800   SH         SOLE                  70800
PITNEY BOWES INC                      COM    724479100      871      19500   SH         SOLE                  19500
SWING-N-SLIDE CORP                    COM    72811G102      303      40388   SH         SOLE                  40388
PRAXAIR INC                           COM    74005P104     1557      37400   SH         SOLE                  37400
PRIME RETAIL INC                      COM    741570105      202      87264   SH         SOLE                  87264
PRIMEDIA INC                          COM    74157K101      602      18800   SH         SOLE                  18800
PROCTER & GAMBLE CO                   COM    742718109      706      12500   SH         SOLE                  12500
PROXICOM                              COM    744282104    35736     806448   SH         SOLE                 806448
QUEST SOFTWARE INC                    COM    74834T103      406       3600   SH         SOLE                   3600
QUINTUS                               COM    748798105    16907     569509   SH         SOLE                 569509
RGS ENERGY                            COM    74956K104      390      15000   SH         SOLE                  15000
RADIAN GROUP INC                      COM    750236101     1500      31500   SH         SOLE                  31500
RADIO ONE INC                         COM    75040P108     1506      22600   SH         SOLE                  22600
RATIONAL SOFTWARE CORPORATION         COM    75409P202     2448      32000   SH         SOLE                  32000
RECKSON                               COM    75621K106     1461      77938   SH         SOLE                  77938
REDBACK NETWORKS                      COM    757209101      660       2200   SH         SOLE                   2200
REGENT COMMUNICATIONS                 COM    758865109    13618    1100000   SH         SOLE                1100000
REPUBLIC SERVICES INC.                COM    760759100     3903     356800   SH         SOLE                 356800
SBC COMMUNICATIONS INC                COM    78387G103     2485      59000   SH         SOLE                  59000
SCI SYSTEMS INC                       COM    783890106     2016      37500   SH         SOLE                  37500
SANMINA CORP                          COM    800907107     1669      24700   SH         SOLE                  24700
SARA LEE CORP                         COM    803111103     1080      60000   SH         SOLE                  60000
SAWTEK INC                            COM    805468105      946      18000   SH         SOLE                  18000
SCHLUMBERGER LTD                      COM    806857108     2219      29000   SH         SOLE                  29000
SCIQUEST.COM                          COM    80908Q107    17250     669895   SH         SOLE                 669895
SEALED AIR CORP                       COM    81211K100      907      16700   SH         SOLE                  16700
SEPRACOR INC                          COM    817315104      583       8000   SH         SOLE                   8000
SIEBEL SYSTEMS INC                    COM    826170102     3762      31500   SH         SOLE                  31500
SMITH INTERNATIONAL INC               COM    832110100     1620      20900   SH         SOLE                  20900
SOLITRON DEVICES, INC.                COM    834256208       56      33048   SH         SOLE                  33048
SPANISH BROADCASTING SYS              COM    846425882     1161      49500   SH         SOLE                  49500
SPEEDWAY MOTORSPORTS INC              COM    847788106      479      19200   SH         SOLE                  19200
STANDARD CHEMICAL CORP              CVT BOND 853258AA9      306     644000   PRN        SOLE                 644000
STAR MEDIA                            COM    855546107    44980    1496213   SH         SOLE                1496213
STEEL DYNAMICS                        COM    858119100    49824    4310000   SH         SOLE                4310000
STREAMLINE                            COM    863239109     1232     214286   SH         SOLE                 214286
SUN INC                             CVT BOND 866762AG2      461     500000   PRN        SOLE                 500000
SUN MICROSYSTEMS                      COM    866810104     1312      14000   SH         SOLE                  14000
SUNGARD DATA SYSTEMS INC              COM    867363103     3216      85200   SH         SOLE                  85200
SYBASE INC                            COM    871130100     2659     130900   SH         SOLE                 130900
SYMANTEC CORP                         COM    871503108     3629      48300   SH         SOLE                  48300
SYMBOL TECHNOLOGIES INC               COM    871508107     4502      54700   SH         SOLE                  54700
SYNOPSYS INC                          COM    871607107     1241      25454   SH         SOLE                  25454
TMP WORLDWIDE INC                     COM    872941109      793      10200   SH         SOLE                  10200
TALK.COM INC                          COM    874264104     3069     191800   SH         SOLE                 191800
TARGET CORP                           COM    87612E103     3155      42204   SH         SOLE                  42204
TELEPHONE AND DATA SYSTEMS            COM    879433100     1665      15000   SH         SOLE                  15000
TELESCAN                              COM    879516102    55078    2331348   SH         SOLE                2331348
TERADYNE INC                          COM    880770102     2485      30300   SH         SOLE                  30300
TEXACO INC                            COM    881694103      883      16422   SH         SOLE                  16422
TIFFANY & CO                          COM    886547108     2141      25600   SH         SOLE                  25600
TOSCO CORP                            COM    891490302     1148      37500   SH         SOLE                  37500
TOYS "R" US INC                       COM    892335100     3014     203500   SH         SOLE                 203500
TRITEL                                COM    89675X104    81295    2125360   SH         SOLE                2125360
U. S. BANCORP                         COM    902973106      656      30000   SH         SOLE                  30000
U. S. FOODSERVICE                     COM    90331R101      798      31000   SH         SOLE                  31000
UNISYS CORP                           COM    909214108      835      32500   SH         SOLE                  32500
UNITED HEALTHCARE CORP                COM    910581107     5009      84000   SH         SOLE                  84000
US WEST INC                           COM    91273H101     1271      17500   SH         SOLE                  17500
UNITED TECHNOLOGIES CORP              COM    913017109     1232      19500   SH         SOLE                  19500
UNIVISION COMMUNICATIONS - A          COM    914906102     2588      22900   SH         SOLE                  22900
VALASSIS COMMUNICATIONS INC           COM    918866104      633      19000   SH         SOLE                  19000
VALENTIS                              COM    91913E104      203      14629   SH         SOLE                  14629
VALUE VISION                          COM    92047K107   441707   10674418   SH         SOLE               10674418
VERIO                                 COM    923433106     4525     100407   SH         SOLE                 100407
VERITAS SOFTWARE CORPORATION          COM    923436109     7988      60975   SH         SOLE                  60975
VERISIGN INC                          COM    92343E102      374       2500   SH         SOLE                   2500
VERSATA                               COM    925298101    10825     179856   SH         SOLE                 179856
VIRTUAL FUND.COM                      COM    92825A909     2384     410300   SH         SOLE                 410300
VITESSE SEMICONDUCTOR CORP            COM    928497106     2839      29500   SH         SOLE                  29500
VOICESTREAM WIRLESS CORP              COM    928615103     1475      11454   SH         SOLE                  11454
WMF GROUP                             COM    929289106      109      20833   SH         SOLE                  20833
WMX TECHNOLOGIES                    CVT BOND 92929QAF4     2490    3000000   PRN        SOLE                3000000
WALMART STORES INC                    COM    931142103     1874      33172   SH         SOLE                  33172
WASHINGTON MUTUAL INC                 COM    939322103     4308     162580   SH         SOLE                 162580
WASTE MANAGEMENT                      COM    94106L109     1912     139700   SH         SOLE                 139700
WELLPOINT HEALTH NETWORKS             COM    94973H108     2585      37000   SH         SOLE                  37000
WELLS FARGO COMPANY                   COM    949746101      408      10000   SH         SOLE                  10000
WESTVACO CORP                         COM    961548104     1402      42000   SH         SOLE                  42000
WHITE PINE SOFTWARE                   COM    964347108     5845     162893   SH         SOLE                 162893
WILLIAMS COS INC                      COM    969457100      659      15000   SH         SOLE                  15000
WINK COMM                             COM    974168106    35419    1061250   SH         SOLE                1061250
WRIGLEY WM JR CO                      COM    982526105      624       8000   SH         SOLE                   8000
YOUNG & RUBICAM INC                   COM    987425105     1922      40900   SH         SOLE                  40900
ZIFF DAVIS INC                        COM    989511209      635      29900   SH         SOLE                  29900
ZINDART                               COM    989597109      421      96111   SH         SOLE                  96111
ZIONS BANCORPORATION                  COM    989701107      708      17000   SH         SOLE                  17000
CNET                                  COM    12613R104   164795    3251200   SH         SOLE                3251200
DIGITAL ISLAND                        COM    25385N101    56957     934678   SH         SOLE                 934678
HOOVER'S                              COM    439321100     2344     206045   SH         SOLE                 206045
I-VILLAGE                             COM    46588H105    28805    1838009   SH         SOLE                1838009
LOUDEYE                               COM    545754103    13687     392465   SH         SOLE                 392465
TERRA LYCOS                           COM    550818108      832      10594   SH         SOLE                  10594
MAIL.COM                              CL A   560311102    12420     720000   SH         SOLE                 720000
PROMOTION.COM                         COM    74341U106     1417     166667   SH         SOLE                 166667
TELOCITY                              COM    87971D103    95646    7729007   SH         SOLE                7729007
TODAYS MAN                            COM    888910205       16      22140   SH         SOLE                  22140
TRAVELOCITY                           COM    893953109      252       8591   SH         SOLE                   8591
WHITTMAN-HART                         COM    966834103    16498     462295   SH         SOLE                 462295
TRANSOCEAN SEDCO FOREX, INC           COM    G90078109      801      17691   SH         SOLE        01        17691
AMR CORPORATION                       COM    001765106      417      13100   SH         SOLE        01        13100
AT&T CORP                             COM    001957109     7039     122950   SH         SOLE        01       122950
ABBOTT LABORATORIES                   COM    002824100     4162     123100   SH         SOLE        01       123100
AMERICAN EXPRESS                      COM    025816109      795       5100   SH         SOLE        01         5100
AMERICAN INTERNATIONAL                COM    026874107     6201      59450   SH         SOLE        01        59450
ANALOG DEVICES                        COM    032654105    19023     210200   SH         SOLE        01       210200
ANHEUSER BUSCH COS.                   COM    035229103     4582      77500   SH         SOLE        01        77500
APPLIED MATERIALS                     COM    038222105      969       9464   SH         SOLE        01         9464
ARIBA, INC.                           COM    04033V104      743       2800   SH         SOLE        01         2800
AUTOMATIC DATA PROCESSING, INC        COM    053015103    10843     210800   SH         SOLE        01       210800
BP AMOCO PLC ADR                      COM    055622104     5412     105080   SH         SOLE        01       105080
BROADCOM CORP                         COM    111320107      783       3182   SH         SOLE        01         3182
CSC HOLDINGS, INC                     PFD    126304401     2815      26311   SH         SOLE        01        26311
CVS CORP                              COM    126650100     3798     104223   SH         SOLE        01       104223
CELESTICA INC                         COM    15101Q108      239       4248   SH         SOLE        01         4248
CENDANT CORP                          COM    151313103      181      10300   SH         SOLE        01        10300
CHARTERED SEMICONDUCTOR ADR           COM    16133R106     1356      13907   SH         SOLE        01        13907
CHINA TELECOM HONG KONG               COM    169428109      922       4800   SH         SOLE        01         4800
CISCO SYSTEMS                         COM    17275R102      975      12524   SH         SOLE        01        12524
COFLEXIP SA                           COM    192384105     1536      30266   SH         SOLE        01        30266
COLGATE PALMOLIVE COMPANY             COM    194162103     3841      72300   SH         SOLE        01        72300
COMCAST CORP                          COM    200300200     6594     166400   SH         SOLE        01       166400
COMVERSE TECHNOLOGY                   COM    205862402     3062      15348   SH         SOLE        01        15348
CONTINENTAL AIRLINES                  CL B   210795308      854      21000   SH         SOLE        01        21000
DANIELSON HOLDING CORP                COM    236274106       98      17489   SH         SOLE        01        17489
DELTA AIRLINES                        COM    247361108      817      15400   SH         SOLE        01        15400
DEUTSCHE TELEKOM                      COM    251566105      684       8099   SH         SOLE        01         8099
ECI TELECOMMUNICATIONS                COM    268258100     2864     106075   SH         SOLE        01       106075
EL PASO ENERGY CORP                   COM    283905107     3296      89222   SH         SOLE        01        89222
EMC CORPORATION                       COM    268648102      893       6493   SH         SOLE        01         6493
EMULEX CORP                           COM    292475209      734       3650   SH         SOLE        01         3650
ENSCO INTERNATIONAL                   COM    26874Q100      954      29012   SH         SOLE        01        29012
ERICSSON                              COM    294821400      916       9262   SH         SOLE        01         9262
EXODUS COMMUNICATIONS                 COM    302088109     5706      40598   SH         SOLE        01        40598
EXXON CORP                            COM    30231G102    13762     182278   SH         SOLE        01       182278
FANNIE MAE                            COM    313586109     6250     100000   SH         SOLE        01       100000
FIRST DATA CORP                       COM    319963104    15354     324100   SH         SOLE        01       324100
GANNETT CO                            COM    364730101     6107      84675   SH         SOLE        01        84675
GLOBAL TELESYSTEMS GROUP, INC         COM    37936U104      259      10600   SH         SOLE        01        10600
GOLDMAN SACHS                         COM    38141G104      940       7900   SH         SOLE        01         7900
GRUPO TELEVISIA                       COM    40049J206     2474      34092   SH         SOLE        01        34092
HELLENIC TELECOMMUNICATIONS           COM    423325307      616      43799   SH         SOLE        01        43799
HOME DEPOT                            COM    437076102    12113     188900   SH         SOLE        01       188900
HUBBELL, INC                          COM    443510201     2416      93378   SH         SOLE        01        93378
INKTOMI CORP                          COM    457277101      777       3650   SH         SOLE        01         3650
INTEL CORP                            COM    458140100    31164     218500   SH         SOLE        01       218500
INTERPUBLIC GROUP OF COS, INC         COM    460690100     3600      83000   SH         SOLE        01        83000
JDS UNIPHASE CORP                     COM    46612J101      833       6168   SH         SOLE        01         6168
JUNIPER NETWORKS INC                  COM    48203R104      757       2805   SH         SOLE        01         2805
KANSAS CITY SOUTHERN IND              COM    485170104      803       9050   SH         SOLE        01         9050
KIMBERLY-CLARK                        COM    494368103     6300     117900   SH         SOLE        01       117900
KNIGHT-RIDDER INC                     COM    499040103      402       8047   SH         SOLE        01         8047
KOREA TELECOM                         COM    50063P103     1099      23883   SH         SOLE        01        23883
LAM RESEARCH CORP                     COM    512807108      712      13650   SH         SOLE        01        13650
MANDALAY RESORT GROUP                 COM    562567107     1068      70891   SH         SOLE        01        70891
MARSH AND MCLENNAN COS, INC           COM    571748102    11812     121848   SH         SOLE        01       121848
MARTIN MARIETTA MATERIALS, INC        COM    573284106     5117     109742   SH         SOLE        01       109742
MASTER TRUST                          COM    576300107        0      12785   SH         SOLE        01        12785
MCDONALD'S CORP                       COM    580135101     2118      60200   SH         SOLE        01        60200
MCI WORLDCOM INC                      COM    55268B106     3461      80607   SH         SOLE        01        80607
MCLEOD USA                            COM    582266102      794       9122   SH         SOLE        01         9122
MEADOWBROOK INS GROUP                 COM    58319P108     1248     246448   SH         SOLE        01       246448
MERCK AND CO, INC                     COM    589331107     5376      85500   SH         SOLE        01        85500
MERRILL LYNCH                         COM    590188108      786       7150   SH         SOLE        01         7150
MICROSOFT CORP                        COM    594918104     9789      87500   SH         SOLE        01        87500
MOLEX INC                             COM    608554200     4802     121557   SH         SOLE        01       121557
MORGAN STANLEY DEAN WITTER            COM    617446448      981      10350   SH         SOLE        01        10350
MOTOROLA INC                          COM    620076109      666       4100   SH         SOLE        01         4100
NABORS INDUSTRIES, INC                COM    629568106    21268     535891   SH         SOLE        01       535891
NEXTEL COMMUNICATIONS                 COM    65332V103      875       5499   SH         SOLE        01         5499
NOBLE DRILLING CORP                   COM    655042109      808      21291   SH         SOLE        01        21291
NOKIA CORP                            COM    654902204      560       2550   SH         SOLE        01         2550
NORTEL NETWORK CORP                   COM    656569100     5815      42370   SH         SOLE        01        42370
NOVELLUS SYSTEMS                      COM    670008101      727      11712   SH         SOLE        01        11712
QLOGIC CORP                           COM    747227101      588       4054   SH         SOLE        01         4054
ORACLE CORP                           COM    68389X105      804       9252   SH         SOLE        01         9252
PARTNER COMMUNICATIONS ADR            COM    70211M109      321      18500   SH         SOLE        01        18500
PEPSICO INC                           COM    713448108    18660     553900   SH         SOLE        01       553900
PFIZER                                COM    717081103     3472      98500   SH         SOLE        01        98500
PHARMACIA AND UPJOHN INC              COM    716941109     5068      85081   SH         SOLE        01        85081
PITNEY BOWES INC                      COM    724479100     3472      76000   SH         SOLE        01        76000
PMC-SIERRA INC                        COM    69344F106      768       3370   SH         SOLE        01         3370
REDBACK NETWORKS                      COM    757209101      620       2000   SH         SOLE        01         2000
SABRE HOLDINGS CORP                   COM    785905100      390       9466   SH         SOLE        01         9466
SCHWAB CHARLES CORP                   COM    808513105     1085      17500   SH         SOLE        01        17500
724 SOLUTIONS, INC                    COM    81788Q100      980       5525   SH         SOLE        01         5525
SHELL TRANSPORT AND TRADING           COM    822703609      793      16800   SH         SOLE        01        16800
SIEBEL SYSTEMS INC                    COM    826170102      688       4790   SH         SOLE        01         4790
SK TELECOM CO LTD                     COM    78440P108      461      11500   SH         SOLE        01        11500
SOUTHWEST AIRLINES                    COM    844741108      806      39700   SH         SOLE        01        39700
STMICROELECTRONICS                    COM    861012102     1364       7158   SH         SOLE        01         7158
SUN MICROSYSTEMS INC                  COM    866810104      828       8468   SH         SOLE        01         8468
SYBON INTERNATIONAL CORP              COM    87114F106     1930      74591   SH         SOLE        01        74591
TAIWAN SEMICONDUCTOR MFG LTD          COM    874039100     7724     133025   SH         SOLE        01       133025
TARGET CORP                           COM    87612E106     4468      65700   SH         SOLE        01        65700
TEKSCAN INC                           PFD    879128205     3688     625000   SH         SOLE        01       625000
TELEKOMUNIKACJA POLSKA                COM    87943D108     1659     171554   SH         SOLE        01       171554
TERADYNE INC                          COM    880770102      741       8400   SH         SOLE        01         8400
TOTAL FINA SA                         ADR    89151E109      764      11000   SH         SOLE        01        11000
UNISYS CORP                           COM    909214108    14652     550300   SH         SOLE        01       550300
US AIRWAYS GROUP                      COM    911905107      844      36000   SH         SOLE        01        36000
USX-MARATHON GROUP                    COM    902905827      687      30200   SH         SOLE        01        30200
VERITAS SOFTWARE CORP                 COM    923436109      780       4908   SH         SOLE        01         4908
WAL-MART STORES                       COM    931142103     8386     155300   SH         SOLE        01       155300
WATSON PHARMACEUTICALS INC            COM    942683103    27834     724140   SH         SOLE        01       724140
WEATHERFORD INTERNATIONAL             COM    947074100      968      17269   SH         SOLE        01        17269