-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IsUNCKC/qfyJNb0jnuM+IRFERKghBcX2Kn+TkiGOmDRFlNIG33A2DOgfmKm/yTba A1gQa2QzXp8DVaR3bOlmeQ== 0001166588-03-000008.txt : 20031110 0001166588-03-000008.hdr.sgml : 20031110 20031110090739 ACCESSION NUMBER: 0001166588-03-000008 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030930 FILED AS OF DATE: 20031110 EFFECTIVENESS DATE: 20031110 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BNP PARIBAS ARBITRAGE SA CENTRAL INDEX KEY: 0001166588 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10038 FILM NUMBER: 03986798 BUSINESS ADDRESS: STREET 1: 555 CROTON ROAD STREET 2: 4TH FLOOR CITY: KING OF PRUSSIA STATE: PA ZIP: 19046 BUSINESS PHONE: 610 491 1400 MAIL ADDRESS: STREET 1: 555 CROTON ROAD STREET 2: 4TH FLOOR CITY: KING OF PRUSSIA STATE: PA ZIP: 19406 13F-HR 1 bnparb13f.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended:Sep 30, 2003 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: BNP Paribas Arbitrage S.A. Address: 555 CROTON RD KING OF PRUSSIA, PA 19406 13F File Number: 028-10038 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: Fred Hoevenaar Title: MANAGING DIRECTOR, COMPLIANCE Phone: 610-491-1439 Signature ,Place, and Date of Signing: Fred Hoevenaar KING OF PRUSSIA,PA 11/10/03 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 managers(s).) List of Other Managers Reporting for this Manager: **NONE** I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total:1336 Form 13F Information Table Value Total:$148550203825 List of Other Included Managers: No. 13F File Number Name **NONE**
Manager: BNP Paribas Arbitrage S.A. Period End Date: Sep 30, 2003 Page 1 of 26 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- AGILENT TECHNOLOGIES INC COM 00846U101 2653 119972 SH SOLE 119972 0 0 ALCOA INC COM 013817101 7279 278243 SH SOLE 278243 0 0 AIRTRAN HOLDINGS CONV 144-A Treasury 00949PAA6 461875 2500000 SH SOLE 2500000 0 0 APPLE COMPUTER INC COM 037833100 1900 91688 SH SOLE 91688 0 0 AMERISOURCEBERGEN CORP COM 03073E105 1834 33929 SH SOLE 33929 0 0 APPLIED BIOSYSTEMS COM 038020103 1169 52387 SH SOLE 52387 0 0 AMBAC INC COM 023139108 1644 25686 SH SOLE 25686 0 0 ABN AMRO HOLDING NV-SP ADR COM 000937102 702 37998 SH SOLE 37998 0 0 ALBERTSON INCORPORATED COM 013104104 11870 577044 SH SOLE 577044 0 0 ABBOTT LABORATORIES COM 002824100 41846 983457 SH SOLE 983457 0 0 BARRICKS GOLD CORP. COM 067901108 495 26300 SH SOLE 26300 0 0 ALLIANCE CAPITAL MGMT HOLD COM 01855A101 318 9500 SH SOLE 9500 0 0 ACE LTD COM G0070K103 2215 66961 SH SOLE 66961 0 0 ALBERTO-CULVER COMPANY CL B COM 013068101 832 14143 SH SOLE 14143 0 0 ADOBE SYSTEMS INC COM 00724F101 882 22389 SH SOLE 22389 0 0 ADC TELECOMMUNICATIONS INC COM 000886101 94 40308 SH SOLE 40308 0 0 ANALOG DEVICES INCORPORATED COM 032654105 4677 123009 SH SOLE 123009 0 0 ARCHER-DANIELS-MIDLAND CO COM 039483102 2034 155165 SH SOLE 155165 0 0 AUTOMATIC DATA PROCESSING INC COM 053015103 9533 265906 SH SOLE 265906 0 0 ADAPTEC INC COM 00651F108 151 20000 SH SOLE 20000 0 0 ADAPTEC INC (CONV) Treasury 00651FAE8 341286 3734999 SH SOLE 3734999 0 0 AUTODESK INCORPORATED COM 052769106 483 28406 SH SOLE 28406 0 0 ADVANCE PCS COM 00790K109 13130 288119 SH SOLE 288119 0 0 AMEREN CORP COM 023608102 3124 72792 SH SOLE 72792 0 0 AEGON N.V. ORD AMER REG CTF COM 007924103 1625 138874 SH SOLE 138874 0 0 AMERICAN ELECTRIC POWER CO COM 025537101 2852 95054 SH SOLE 95054 0 0 AES CORP COM 00130H105 1107 149130 SH SOLE 149130 0 0 AETNA US HEALTHCARE COM 00817Y108 4585 75131 SH SOLE 75131 0 0 AFFYMETRIX INC COM 00826T108 281 13370 SH SOLE 13370 0 0 AFLAC INC COM 001055102 3995 123696 SH SOLE 123696 0 0 ALLERGAN INC COM 018490102 2474 31422 SH SOLE 31422 0 0 AGERE SYSTEMS INC-B COM 00845V209 274 94892 SH SOLE 94892 0 0 AMERADA HESS CORPORATION COM 023551104 1385 27643 SH SOLE 27643 0 0 APRIA HEALTHCARE 144-A (CONV) Treasury 037933AA6 165000 1499999 SH SOLE 1499999 0 0 KONINKLIJKE AHOLD NV SPON ADR COM 500467303 575 60294 SH SOLE 60294 0 0 AMERICAN INTL GROUP INC COM 026874107 59800 1036395 SH SOLE 1036395 0 0 AMERICAN INTL GROUP CONV Treasury 026874AP2 16276750 248500000 SH SOLE 248500000 0 0 Apartment Investment & Managem COM 03748R101 891 22642 SH SOLE 22642 0 0 AKZO NOBEL N V ADR COM 010199305 303 9713 SH SOLE 9713 0 0 ALCATEL ALSTHOM CGE-SPON ADR COM 013904305 261 22100 SH SOLE 22100 0 0 ALLIED CAPITAL CORP COM 01903Q108 420 17100 SH SOLE 17100 0 0 ALASKA AIR GROUP CONV 144-A Treasury 011659AF6 828016 6500000 SH SOLE 6500000 0 0 ALLSTATE CORP COM 020002101 6551 179343 SH SOLE 179343 0 0 ALTERA CORP COM 021441100 343 18096 SH SOLE 18096 0 0 AMERICAN GREETINGS CORP COM 026375105 308 15873 SH SOLE 15873 0 0 APPLIED MATERIALS INC COM 038222105 18092 997883 SH SOLE 997883 0 0 APPLIED MICRO CIRCUITS CORP COM 03822W109 547 112509 SH SOLE 112509 0 0 ADVANCED MICRO DEVICES INC COM 007903107 2062 185589 SH SOLE 185589 0 0 ADVANCED MICRO DEVICES CONV Treasury 007903AE7 644344 7250000 SH SOLE 7250000 0 0 ADVANCED MICRO DEVICES (CONV) Treasury 007903AF4 1521000 9000000 SH SOLE 9000000 0 0 AMGEN INC COM 031162100 23207 359689 SH SOLE 359689 0 0 AMGEN INC, CNV Treasury 031162AE0 3501750 46000000 SH SOLE 46000000 0 0 AMR CORP COM 001765106 250 21800 SH SOLE 21800 0 0 AMERICAN AIRLINES SER 144A CON Treasury 001765AZ9 454375 5000000 SH SOLE 5000000 0 0 Manager: BNP Paribas Arbitrage S.A. Period End Date: Sep 30, 2003 Page2 of 26 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- AMAZON COMM INC COM 023135106 10617 219230 SH SOLE 219230 0 0 AUTONATION INC COM 05329W102 1161 66187 SH SOLE 66187 0 0 ANDREW CORPORATION COM 034425108 446 36955 SH SOLE 36955 0 0 ABERCROMBIE & FITCH CO CL A COM 002896207 635 22899 SH SOLE 22899 0 0 AON CORP COM 037389103 1570 75286 SH SOLE 75286 0 0 AOL TIME WARNER COM 00184A105 25365 1678667 SH SOLE 1678667 0 0 AMERICA ONLINE ZERO COUPON 2019Treasury 02364JAC8 3093822 50204000 SH SOLE 50204000 0 0 APACHE CORPORATION COM 037411105 10292 148433 SH SOLE 148433 0 0 ANADARKO PETROLEUM CORP COM 032511107 10150 243047 SH SOLE 243047 0 0 AMERICAN POWER CONVERSION COR COM 029066107 489 28253 SH SOLE 28253 0 0 AIR PRODUCTS & CHEMICALS COM 009158106 2466 54689 SH SOLE 54689 0 0 APOLLO GROUP INC COM 037604105 1050 15907 SH SOLE 15907 0 0 AMERICAN PHARMACEUTICAL PART COM 02886P109 1218 38842 SH SOLE 38842 0 0 AMERICAN STANDARD COS INC COM 029712106 1465 17387 SH SOLE 17387 0 0 ASHLAND INC COM 044204105 540 16424 SH SOLE 16424 0 0 ASM INTERNATIONAL COM N07045102 1022 69407 SH SOLE 69407 0 0 AMSOUTH BANCORPORATION COM 032165102 1791 84393 SH SOLE 84393 0 0 ALLTEL CORPORATION COM 020039103 3524 76036 SH SOLE 76036 0 0 ANTHEM INC COM 03674B104 2379 33358 SH SOLE 33358 0 0 AT HOME CORP SER A COM 045919107 0 31282 SH SOLE 31282 0 0 Allegheny Technologies Inc COM 01741R102 128 19538 SH SOLE 19538 0 0 ATMEL CORP COM 049513104 65 16100 SH SOLE 16100 0 0 AVAYA INC COM 053499109 1183 108501 SH SOLE 108501 0 0 AVON PRODUCTS INCORPORATED COM 054303102 3670 56842 SH SOLE 56842 0 0 AVERY DENNISON CORP COM 053611109 1343 26582 SH SOLE 26582 0 0 ALLIED WASTE INDUSTRIES COM 019589308 544 50382 SH SOLE 50382 0 0 AT & T WIRELESS SERVICES COM 00209A106 5873 717970 SH SOLE 717970 0 0 AMERICAN EXPRESS CO COM 025816109 32077 711861 SH SOLE 711861 0 0 ALLEGHENY ENERGY INC COM 017361106 276 30243 SH SOLE 30243 0 0 AUTOZONE INC COM 053332102 1928 21534 SH SOLE 21534 0 0 BOEING CO COM 097023105 41511 1209182 SH SOLE 1209182 0 0 BRITISH AIRWAYS ADS COM 110419306 373 13200 SH SOLE 13200 0 0 BANK OF AMERICA CORP COM 060505104 71097 911026 SH SOLE 911026 0 0 BAXTER INTERNATIONAL INC COM 071813109 5615 193227 SH SOLE 193227 0 0 BED BATH & BEYOND INC COM 075896100 2046 53456 SH SOLE 53456 0 0 BB&T COPRORATION COM 054937107 6390 177942 SH SOLE 177942 0 0 BANCO BILBAO VIZCAYA - SP ADR COM 05946K101 434 42020 SH SOLE 42020 0 0 BEST BUY COMPANY INC COM 086516101 4352 91581 SH SOLE 91581 0 0 BRUNSWICK CORP COM 117043109 560 21788 SH SOLE 21788 0 0 Boise Cascade Corp COM 097383103 388 14065 SH SOLE 14065 0 0 C R BARD INCORPORATED COM 067383109 885 12470 SH SOLE 12470 0 0 BLACK & DECKER MANUFACTURING COM 091797100 758 18694 SH SOLE 18694 0 0 BECTON DICKINSON & COMPANY COM 075887109 2207 61108 SH SOLE 61108 0 0 FRANKLIN RESOURCES INC COM 354613101 2670 60393 SH SOLE 60393 0 0 BASF AG - SPON ADR COM 055262505 333 7620 SH SOLE 7620 0 0 BROWN FORMAN CORP COM 115637209 1155 14595 SH SOLE 14595 0 0 Bally Total Fitness Holding Co COM 05873K108 173 20000 SH SOLE 20000 0 0 BIOGEN INC MASS COM 090597105 8324 218366 SH SOLE 218366 0 0 BAKER HUGHES INC COM 057224107 3064 103541 SH SOLE 103541 0 0 BJ SERVICES CO. COM 055482103 1302 38089 SH SOLE 38089 0 0 BANK NEW YORK INC COM 064057102 9966 342363 SH SOLE 342363 0 0 BIG LOTS INC COM 089302103 444 28090 SH SOLE 28090 0 0 BALL CORPORATION COM 058498106 734 13600 SH SOLE 13600 0 0 BELLSOUTH CORP COM 079860102 30877 1303945 SH SOLE 1303945 0 0 Manager: BNP Paribas Arbitrage S.A. Period End Date: Sep 30, 2003 Page3 of 26 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- BMC SOFTWARE INC COM 055921100 783 56181 SH SOLE 56181 0 0 BIOMET INCORPORATED COM 090613100 305 9115 SH SOLE 9115 0 0 BEMIS COMPANY INCORPORATED COM 081437105 566 12781 SH SOLE 12781 0 0 BRISTOL MYERS SQUIBB CO. COM 110122108 36806 1434380 SH SOLE 1434380 0 0 BURLINGTON NORTHERN SANTE FE COM 12189T104 2905 100607 SH SOLE 100607 0 0 BUSINESS OBJECTS S.A. SPONS COM 12328X107 3868 154975 SH SOLE 154975 0 0 BAUSCH & LOMB INCORPORATED COM 071707103 566 12809 SH SOLE 12809 0 0 BP PLC COM 055622104 524 12441 SH SOLE 12441 0 0 BURLINGTON RESOURCES COM 122014103 2328 48300 SH SOLE 48300 0 0 BROCADE COMMUNICATIONS SYS COM 111621108 70 13321 SH SOLE 13321 0 0 BROADCOM CORP COM 111320107 1060 39760 SH SOLE 39760 0 0 BRIO SOFTWARE INC. COM 109704106 2459 683134 SH SOLE 683134 0 0 BERKSHIRE HATHAWAY INC CL A COM 084670108 825 11 SH SOLE 11 0 0 BERKSHIRE HATHAWAY INC COM 084670207 474 190 SH SOLE 190 0 0 BEAR STEARNS COS INC COM 073902108 1795 23995 SH SOLE 23995 0 0 BOSTON SCIENTIFIC CORP COM 101137107 6958 109054 SH SOLE 109054 0 0 ANHEUSER BUSCH INCORPORATED COM 035229103 13108 265675 SH SOLE 265675 0 0 CITIGROUP INC COM 172967101 99555 2187533 SH SOLE 2187533 0 0 COMPUTER ASSOCIATES INTL INC COM 204912109 7248 277600 SH SOLE 277600 0 0 CONAGRA FOODS INC COM 205887102 3722 175216 SH SOLE 175216 0 0 CARDINAL HEALTH INC COM 14149Y108 11464 196333 SH SOLE 196333 0 0 CANDESCENT TECHNOLOGY CORP 7% Treasury 137392AA4 100000 1000000 SH SOLE 1000000 0 0 CATERPILLAR INC COM 149123101 21379 310554 SH SOLE 310554 0 0 Chubb Corp COM 171232101 3660 56409 SH SOLE 56409 0 0 CB Bancshares Inc COM 124785106 1208 19725 SH SOLE 19725 0 0 COOPER INDUSTRIES INC CL-A COM G24182100 1064 22151 SH SOLE 22151 0 0 CIRCUIT CITY STORES- COM 172737108 479 50255 SH SOLE 50255 0 0 COCA COLA ENTERPRISES INC. COM 191219104 2287 119976 SH SOLE 119976 0 0 CARNIVAL CORP COM 143658300 5114 155502 SH SOLE 155502 0 0 CLEAR CHANNEL COMMUNICATIONS COM 184502102 6529 170472 SH SOLE 170472 0 0 CENDANT CORPORATION COM 151313103 4730 253052 SH SOLE 253052 0 0 CONCORD EFS, INC. COM 206197105 6477 473837 SH SOLE 473837 0 0 CONSTELLATION ENERGY GROUP COM 210371100 1437 40163 SH SOLE 40163 0 0 CELGENE CORP 1.75% CONV NOTE D Treasury 151020AB0 634562 5500000 SH SOLE 5500000 0 0 CEPHALON INC COM 156708109 2464 53686 SH SOLE 53686 0 0 CHARTER ONE FINANCIAL COM 160903100 1662 54306 SH SOLE 54306 0 0 COUNTRYWIDE FINANCIAL CORP COM 222372104 3298 42126 SH SOLE 42126 0 0 CHIRON CORPORATION COM 170040109 1674 32307 SH SOLE 32307 0 0 CHIRON CORP (CONV) 144-A Treasury 170040AF6 1612500 15000000 SH SOLE 15000000 0 0 CHESAPEAKE ENERGY CORP COM 165167107 162 15000 SH SOLE 15000 0 0 CHECK POINT SOFTWARE TECH COM M22465104 2701 160399 SH SOLE 160399 0 0 Computer Horizons Corp COM 205908106 433 117016 SH SOLE 117016 0 0 CIGNA CORPORATION COM 125509109 2306 51644 SH SOLE 51644 0 0 CIENA CORP COM 171779101 797 136045 SH SOLE 136045 0 0 CINERGY CORP COM 172474108 2914 79403 SH SOLE 79403 0 0 CINCINNATI FINANCIAL CORP COM 172062101 1544 38607 SH SOLE 38607 0 0 COLGATE PALMOLIVE CO COM 194162103 18067 323266 SH SOLE 323266 0 0 CLOROX COM 189054109 2613 56954 SH SOLE 56954 0 0 COMERICA INC COM 200340107 1965 42174 SH SOLE 42174 0 0 COMCAST CORP CLASS A (NEW) COM 20030N101 14795 480038 SH SOLE 480038 0 0 COMCAST CORP-SPECIAL CL A COM 20030N200 978 33000 SH SOLE 33000 0 0 CMGI INC COM 125750109 18 11500 SH SOLE 11500 0 0 CMS Energy Corp COM 125896100 256 34669 SH SOLE 34669 0 0 Comverse Technology Inc COM 205862402 232 15518 SH SOLE 15518 0 0 Manager: BNP Paribas Arbitrage S.A. Period End Date: Sep 30, 2003 Page4 of 26 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- CENTERPOINT ENERGY INC COM 15189T107 675 73582 SH SOLE 73582 0 0 CAPITAL ONE FINANCIAL CORP. COM 14040H105 4762 83485 SH SOLE 83485 0 0 ROCKWELL COLLINS COM 774341101 1089 43148 SH SOLE 43148 0 0 CONOCOPHILLIPS COM 20825C104 8958 163617 SH SOLE 163617 0 0 COSTCO WHOLESALE CORP COM 22160K105 2333 74910 SH SOLE 74910 0 0 CAMPBELL SOUP COMPANY COM 134429109 2732 103088 SH SOLE 103088 0 0 CALPINE CORPORATION COM 131347106 451 92177 SH SOLE 92177 0 0 CALPINE CORP (CONV) Treasury 131347BA3 458125 5000000 SH SOLE 5000000 0 0 COMPUWARE CORP COM 205638109 408 76120 SH SOLE 76120 0 0 CRANE COMPANY COM 224399105 334 14270 SH SOLE 14270 0 0 APPLERA CORP CELERA GENOMICS COM 038020202 164 14000 SH SOLE 14000 0 0 COMPUTER SCIENCES CORPORATION COM 205363104 2068 55033 SH SOLE 55033 0 0 CISCO SYS INC COM 17275R102 63395 3236103 SH SOLE 3236103 0 0 CREDIT SUISSE GROUP - SPON AD COM 225401108 311 9726 SH SOLE 9726 0 0 C S X CORPORATION COM 126408103 1506 51486 SH SOLE 51486 0 0 CINTAS CORPORATION COM 172908105 363 9809 SH SOLE 9809 0 0 COOPER TIRE & RUBR CO COM 216831107 282 17739 SH SOLE 17739 0 0 CENTURYTEL INC COM 156700106 1174 34629 SH SOLE 34629 0 0 CENTEX CORPORATION COM 152312104 1157 14861 SH SOLE 14861 0 0 CITRIX SYSTEMS INC. COM 177376100 884 39931 SH SOLE 39931 0 0 CUMMINS INC COM 231021106 444 9988 SH SOLE 9988 0 0 Cablevision Systems Corp COM 12686C109 317 17500 SH SOLE 17500 0 0 CONVERGYS COPR COM 212485106 672 36657 SH SOLE 36657 0 0 CVS CORPORATION COM 126650100 3261 104984 SH SOLE 104984 0 0 CHEVRONTEXACO CORP COM 166764100 55530 777191 SH SOLE 777191 0 0 Crown American Realty Trust COM 228186102 2636 221480 SH SOLE 221480 0 0 CABLE & WIRELESS PLC SPONS ADR COM 126830207 123 21699 SH SOLE 21699 0 0 CITIZENS COMMUNICATIONS CO COM 17453B101 767 68419 SH SOLE 68419 0 0 DOMINION RESOURCES INC COM 25746U109 9707 156813 SH SOLE 156813 0 0 GROUPE DANONE-SPONS ADR COM 399449107 499 16350 SH SOLE 16350 0 0 DELTA AIR LINES INC DEL COM 247361108 395 29689 SH SOLE 29689 0 0 DEUTSCHE BANK AG-REG COM D18190898 522 8600 SH SOLE 8600 0 0 DEUTSCHE BANK LUX S.A. CONV 14 Treasury 251536AC2 6067987 37500000 SH SOLE 37500000 0 0 DANA CORPORATION COM 235811106 552 35763 SH SOLE 35763 0 0 DAIMLERCHRYSLER AG COM D1668R123 4602 131258 SH SOLE 131258 0 0 DU PONT E I DE NEMOURS & CO COM 263534109 22468 561567 SH SOLE 561567 0 0 DILLARDS INC - CLASS A COM 254067101 281 20114 SH SOLE 20114 0 0 DEERE & COMPANY COM 244199105 3071 57604 SH SOLE 57604 0 0 DELL INC COM 24702R101 35814 1071637 SH SOLE 1071637 0 0 DEAN FOODS CO. COM 242370104 396 12750 SH SOLE 12750 0 0 DOLLAR GENERAL CORPORATION COM 256669102 1651 82569 SH SOLE 82569 0 0 QUEST DIAGNOSTICS COM 74834L100 1535 25310 SH SOLE 25310 0 0 DANAHER CORPORATION COM 235851102 3158 42756 SH SOLE 42756 0 0 DISNEY WALT CO COM 254687106 27399 1358415 SH SOLE 1358415 0 0 WALT DISNEY & CO CONV Treasury 254687AU0 8118938 79500000 SH SOLE 79500000 0 0 DOW JONES & CO INC COM 260561105 928 19599 SH SOLE 19599 0 0 DELUXE CORP COM 248019101 514 12796 SH SOLE 12796 0 0 GENENTECH INC COM 368710406 1729 21578 SH SOLE 21578 0 0 R R DONNELLEY & SON COMPANY COM 257867101 679 27291 SH SOLE 27291 0 0 Diamond Offshore Drilling COM 25271C102 292 15300 SH SOLE 15300 0 0 DOVER CORP COM 260003108 1724 48753 SH SOLE 48753 0 0 DOW CHEM CO COM 260543103 27709 851525 SH SOLE 851525 0 0 AMDOCS LTD COM G02602103 329 17500 SH SOLE 17500 0 0 DELPHI CORPORATION COM 247126105 1826 201820 SH SOLE 201820 0 0 Manager: BNP Paribas Arbitrage S.A. Period End Date: Sep 30, 2003 Page5 of 26 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- DUANE READE INC CONV 2.1478% Treasury 263578AC0 282562 5500000 SH SOLE 5500000 0 0 DARDEN RESTAURANTS INC WI COM 237194105 751 39543 SH SOLE 39543 0 0 Dreyer's Grand Ice Cream Holdi COM 261877104 111380 1432360 SH SOLE 1432360 0 0 DST SYSTEMS INC 144-A (CONV) Treasury 233326AA5 333000 2999999 SH SOLE 2999999 0 0 DST SYSTEMS INC 144-A (CONV) Treasury 233326AC1 160125 1499999 SH SOLE 1499999 0 0 DEUTSCHE TELEKOM AG SPONC ADR COM 251566105 1054 73017 SH SOLE 73017 0 0 DTE ENERGY CO. COM 233331107 2814 76287 SH SOLE 76287 0 0 DUKE ENERGY CORP COM 264399106 10351 581180 SH SOLE 581180 0 0 DUKE ENERGY 1.75% CONV BOND Treasury 264399EJ1 4708438 47500000 SH SOLE 47500000 0 0 DEVON ENERGY CORP COM 25179M103 2795 58008 SH SOLE 58008 0 0 DYNEGY INC COM 26816Q101 325 90148 SH SOLE 90148 0 0 DYNEGY INC 144-A (CONV) Treasury 26816QAA9 1033875 9000000 SH SOLE 9000000 0 0 EBAY INC COM 278642103 9326 173861 SH SOLE 173861 0 0 ENGLEHARD CORPORATION COM 292845104 834 30139 SH SOLE 30139 0 0 ECOLAB INC COM 278865100 1578 62501 SH SOLE 62501 0 0 CONSOLIDATED EDISON INC COM 209115104 4114 100934 SH SOLE 100934 0 0 ELECTRONIC DATA SYSTEMS CORP. COM 285661104 4436 219613 SH SOLE 219613 0 0 EDS 0.00% CONV DUE 10/10/21 Treasury 2856619B2 2654875 33500000 SH SOLE 33500000 0 0 iShares MSCI EAFE Index Fund COM 464287465 5101 43596 SH SOLE 43596 0 0 EQUIFAX INCORPORATED COM 294429105 752 33767 SH SOLE 33767 0 0 EDISON INTERNATIONAL COM 281020107 1498 78404 SH SOLE 78404 0 0 EASTMAN KODAK COMPANY COM 277461109 17464 834013 SH SOLE 834013 0 0 ENDESA SPONSORED ADR COM 29258N107 529 34000 SH SOLE 34000 0 0 ELAN CORP PLC ADR COM 284131208 488 92300 SH SOLE 92300 0 0 ECHELON CORP COM 27874N105 145 12145 SH SOLE 12145 0 0 EMULEX CORP CONV Treasury 292475AB6 650125 7000000 SH SOLE 7000000 0 0 E M C CORP MASS COM 268648102 5546 535865 SH SOLE 535865 0 0 EASTMAN CHEMICAL COMPANY COM 277432100 624 18622 SH SOLE 18622 0 0 EMERSON ELECTRIC CO COM 291011104 6440 122317 SH SOLE 122317 0 0 ERON CORP ZERO COUPON DUE 2021 Treasury 293561CC8 374400 31199998 SH SOLE 31199998 0 0 ENRON CORP COM 293561106 3 51000 SH SOLE 51000 0 0 EOG RESOURCES INC COM 26875P101 1154 27646 SH SOLE 27646 0 0 EQUITY OFFICE PROPERTIES TR COM 294741103 2643 96001 SH SOLE 96001 0 0 EL PASO CORPORATION COM 28336L109 2378 325744 SH SOLE 325744 0 0 EQUITY RESIDENTIAL COM 29476L107 1928 65864 SH SOLE 65864 0 0 ELECTRONIC ARTS COM 285512109 1253 13596 SH SOLE 13596 0 0 EXPRESS SCRIPTS INC COM COM 302182100 503 8224 SH SOLE 8224 0 0 EATON CORPORATION COM 278058102 1602 18073 SH SOLE 18073 0 0 ENTERGY CORP COM 29364G103 2971 54858 SH SOLE 54858 0 0 ETOYS INC COM 297862104 0 16100 SH SOLE 16100 0 0 ISHARES MSCI SINGAPORE (FREE) COM 464286673 313 56000 SH SOLE 56000 0 0 EXELON CORPORATION COM 30161N101 6884 108413 SH SOLE 108413 0 0 VISX INC COM 92844S105 229 12000 SH SOLE 12000 0 0 FORD MOTOR COMPANY COM 345370860 6562 609267 SH SOLE 609267 0 0 FLEET BOSTON FINANCIAL CORP COM 339030108 9263 307220 SH SOLE 307220 0 0 FREEPORT MCMORAN COPPER & COM 35671D857 1341 40525 SH SOLE 40525 0 0 FREEPORT-MCMORAN C&G 8.25% Treasury 35671DAF2 1248000 5999999 SH SOLE 5999999 0 0 FREEPORT-MCMORAN C&G (CONV) Treasury 35671DAK1 570000 5000000 SH SOLE 5000000 0 0 FEDERATED DEPT. STORES INC. COM 31410H101 1869 44606 SH SOLE 44606 0 0 FIRST DATA CORP COM 319963104 7677 192126 SH SOLE 192126 0 0 FAMILY DOLLAR STORES COM 307000109 1651 41385 SH SOLE 41385 0 0 FEDEX CORP COM 31428X106 5246 81422 SH SOLE 81422 0 0 FIRST ENERGY CORP COM 337932107 5860 183690 SH SOLE 183690 0 0 FEDERATED INVESTORS INC COM 314211103 724 26138 SH SOLE 26138 0 0 Manager: BNP Paribas Arbitrage S.A. Period End Date: Sep 30, 2003 Page6 of 26 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- FISERVE INC COM 337738108 351 9667 SH SOLE 9667 0 0 FIFTH THIRD BANCORP COM 316773100 7615 137106 SH SOLE 137106 0 0 FLEXTRONICS INTL LTD COM Y2573F102 2349 165178 SH SOLE 165178 0 0 FLUOR CORP COM 343412102 733 19648 SH SOLE 19648 0 0 FANNIE MAE COM 313586109 24383 347337 SH SOLE 347337 0 0 FORTUNE BRANDS INC COM 349631101 1983 34950 SH SOLE 34950 0 0 SPRINT CORP COM 852061100 6813 451167 SH SOLE 451167 0 0 FPL GROUP INCORPORATED COM 302571104 2793 44189 SH SOLE 44189 0 0 FEDERAL HOME LOAN MTG CORP COM 313400301 17564 335516 SH SOLE 335516 0 0 FOREST LABORATORIES INC COM 345838106 4776 92828 SH SOLE 92828 0 0 FIRST TENNESSEE NATIONAL CORP COM 337162101 1286 30280 SH SOLE 30280 0 0 GILLETTE COMPANY COM 375766102 42099 1316416 SH SOLE 1316416 0 0 NICOR INCORPORATED COM 654086107 698 19851 SH SOLE 19851 0 0 GBC BANCORP CALIFORNIA (OLD) COM 361475106 7984 208897 SH SOLE 208897 0 0 GANNETT COMPANY INCORPORATED COM 364730101 5829 75161 SH SOLE 75161 0 0 GENERAL DYNAMICS CORPORATION COM 369550108 4766 61060 SH SOLE 61060 0 0 GUIDANT CORP COM 401698105 5241 111872 SH SOLE 111872 0 0 GOLDEN WEST FINANCIAL CORP COM 381317106 3281 36656 SH SOLE 36656 0 0 GENERAL ELECTRIC COMPANY COM 369604103 119456 4007243 SH SOLE 4007243 0 0 GENZYME CORP COM 372917104 3172 68503 SH SOLE 68503 0 0 GILEAD SCIENCES INC COM 375558103 2914 51996 SH SOLE 51996 0 0 GENERAL MILLS INCORPORATED COM 370334104 4480 95172 SH SOLE 95172 0 0 GREAT LAKES CHEMICAL CORP COM 390568103 245 12166 SH SOLE 12166 0 0 CORNING INC COM 219350105 3365 357184 SH SOLE 357184 0 0 GENERAL MTRS CORP COM 370442105 49686 1213929 SH SOLE 1213929 0 0 GEMSTAR TV GUIDE INTL INC COM 36866W106 57 12000 SH SOLE 12000 0 0 GENESIS MICROCHIP INC COM 37184C103 288 25600 SH SOLE 25600 0 0 GEORGIA PACIFIC CORPORATION COM 373298108 1480 61053 SH SOLE 61053 0 0 GENIUNE PARTS COMPANY COM 372460105 1339 41856 SH SOLE 41856 0 0 GAP INCORPORATED COM 364760108 4489 262196 SH SOLE 262196 0 0 GOODRICH CORP COM 382388106 686 28297 SH SOLE 28297 0 0 GOLDMAN SACHS GROUP INC COM 38141G104 10094 120307 SH SOLE 120307 0 0 GLOBALSANTAFE CORP COM G3930E101 273 11400 SH SOLE 11400 0 0 GOODYEAR TIRE & RUBR CO COM 382550101 1311 199567 SH SOLE 199567 0 0 GATEWAY INC COM 367626108 464 81986 SH SOLE 81986 0 0 GUCCI GROUP INC. COM 401566104 15210 180426 SH SOLE 180426 0 0 W W GRAINGER INC COM 384802104 1045 21975 SH SOLE 21975 0 0 HAIN CELESTIAL GROUP INT COM 405217100 218 12000 SH SOLE 12000 0 0 HALLIBURTON CO (HOLDING CO) COM 406216101 5107 210584 SH SOLE 210584 0 0 HANDSPRING INC COM 410293104 1682 1488580 SH SOLE 1488580 0 0 HASBRO INCORPORATED COM 418056107 781 41800 SH SOLE 41800 0 0 HUNTINGTON BANCSHARES COM 446150104 1092 55032 SH SOLE 55032 0 0 HSBC HOLDING PLC-SPONS ADR COM 404280406 379 5736 SH SOLE 5736 0 0 HCA INC COM 404119109 5120 138901 SH SOLE 138901 0 0 Horizon Organic Holding Corp COM 44043T103 4055 169598 SH SOLE 169598 0 0 MANOR CARE INC COM 564055101 643 21437 SH SOLE 21437 0 0 HOME DEPOT INCORPORATED COM 437076102 33352 1047149 SH SOLE 1047149 0 0 HARLEY DAVIDSON INCORPORATED COM 412822108 4019 83381 SH SOLE 83381 0 0 HARRAHS ENT. INC. COM 413619107 1115 26483 SH SOLE 26483 0 0 HUMAN GENOME SCIENCES INC COM 444903108 884 64420 SH SOLE 64420 0 0 HARTFORD FINANCIAL SVCS GRP COM 416515104 3840 72960 SH SOLE 72960 0 0 HILTON HOTELS CORPORATION COM 432848109 1474 90882 SH SOLE 90882 0 0 HEALTH MGMT ASSOC INC COM 421933102 1302 59709 SH SOLE 59709 0 0 HOST MARRIOTT CONV PFD 6.75% COM 441079407 7660 160835 SH SOLE 160835 0 0 Manager: BNP Paribas Arbitrage S.A. Period End Date: Sep 30, 2003 Page7 of 26 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- H.J.HEINZ COMPANY COM 423074103 11686 340890 SH SOLE 340890 0 0 HONEYWELL INTERNATIONAL INC COM 438516106 9229 350260 SH SOLE 350260 0 0 STARWOOD HOTELS & RESORTS COM 85590A203 1685 48415 SH SOLE 48415 0 0 HERCULES INCORPORATED COM 427056106 302 26685 SH SOLE 26685 0 0 HEWLETT-PACKARD INCORPORATED COM 428236103 31849 1645107 SH SOLE 1645107 0 0 BLOCK H & R INC COM 093671105 1865 43231 SH SOLE 43231 0 0 HERSHEY FOODS CORP COM 427866108 2284 31427 SH SOLE 31427 0 0 HUMANA INC COM 444859102 702 38900 SH SOLE 38900 0 0 INTERACTIVE CORP COM 45840Q101 773 23286 SH SOLE 23286 0 0 INTL BUSINESS MACHINES INC COM 459200101 112832 1277396 SH SOLE 1277396 0 0 ICOS CORP COM 449295104 609 15881 SH SOLE 15881 0 0 INTEGRATED DEFENSE TECHNOLOGY COM 45819B101 1221 72754 SH SOLE 72754 0 0 IDEC PHARMACUETICAL COM 449370105 28202 847148 SH SOLE 847148 0 0 INTEGRATED DEVICE TECHNOLOGY COM 458118106 159 12772 SH SOLE 12772 0 0 INTL FLAVORS & FRAGRANCES INC COM 459506101 750 22669 SH SOLE 22669 0 0 IGEN INC COM 449536101 1150 19969 SH SOLE 19969 0 0 INTERNATIONAL GAME TECHNOLOGY COM 459902102 2337 83036 SH SOLE 83036 0 0 Imanage Inc COM 45245Y105 2902 436458 SH SOLE 436458 0 0 IMCLONE SYSTEMS INC COM 45245W109 2703 69430 SH SOLE 69430 0 0 SAN PAOLO-IMI SPA-SPONS ADR COM 799175104 369 18500 SH SOLE 18500 0 0 HEWLETT PACKARD/INDIGO CVR COM ECJCVR992 0 48773 SH SOLE 48773 0 0 ING GROEP N.V.-SPONSORED ADR COM 456837103 293 15831 SH SOLE 15831 0 0 INTEL CORP COM 458140100 63298 2300076 SH SOLE 2300076 0 0 INTUIT INC COM 461202103 705 14606 SH SOLE 14606 0 0 INTERNATIONAL PAPER COMPANY COM 460146103 2605 66754 SH SOLE 66754 0 0 INTERNATIONAL PAPER CO Treasury 460146BM4 16622015 312884992 SH SOLE 312884992 0 0 INTERPUBLIC GROUP OF COMPANIE COM 460690100 1330 94186 SH SOLE 94186 0 0 INGERSOLL-RAND CO-A COM G4776G101 2203 41224 SH SOLE 41224 0 0 INTERNET SECURITY SYSTEMS INC COM 46060X107 352 28172 SH SOLE 28172 0 0 ITT INDUSTRIES INC COM 450911102 1330 22226 SH SOLE 22226 0 0 ILLINOIS TOOLS WORKS INC COM 452308109 4909 74084 SH SOLE 74084 0 0 IVAX CORP FORMERLY IVACO INDS COM 465823102 666 34000 SH SOLE 34000 0 0 JAKKS PACIFIC INC CONV 144-A Treasury 47012EAA4 46625 500000 SH SOLE 500000 0 0 JABIL CIRCUIT INC COM 466313103 1247 47854 SH SOLE 47854 0 0 JOHNSON CONTROLS INCORPORATED COM 478366107 2038 21543 SH SOLE 21543 0 0 PENNEY (J.C.) CO COM 708160106 1396 65340 SH SOLE 65340 0 0 JDS UNIPHASE CORP COM 46612J101 480 133288 SH SOLE 133288 0 0 JOHN HANCOCK FINANCIAL SRVCS COM 41014S106 2352 69584 SH SOLE 69584 0 0 JOHNSON & JOHNSON INCORPORATE COM 478160104 109269 2206561 SH SOLE 2206561 0 0 JUNIPER NETWORKS INC COM 48203R104 279 18576 SH SOLE 18576 0 0 JANUS CAPITAL GROUP INC COM 47102X105 3607 258178 SH SOLE 258178 0 0 JONES APPAREL GROUP INC COM 480074103 912 30455 SH SOLE 30455 0 0 JEFFERSON PILOT CORP COM 475070108 1514 34119 SH SOLE 34119 0 0 JPMORGAN CHASE & CO COM 46625H100 254766 7421079 SH SOLE 7421079 0 0 NORDSTROM INCORPORATED COM 655664100 811 32686 SH SOLE 32686 0 0 KELLOGG CO COM 487836108 8641 259097 SH SOLE 259097 0 0 KB HOME COM 48666K109 693 11620 SH SOLE 11620 0 0 KEYCORP (NEW) COM 493267108 2589 101268 SH SOLE 101268 0 0 KRAFT FOODS INC CLASS A COM 50075N104 1735 58800 SH SOLE 58800 0 0 KING PHARMACEUTICALS COM 495582108 1106 73008 SH SOLE 73008 0 0 KLA INSTRUMENTS CORP COM 482480100 911 17656 SH SOLE 17656 0 0 KIMBERLY-CLARK CORPORATION COM 494368103 7750 151021 SH SOLE 151021 0 0 KERR MCGEE CORP COM 492386107 1083 24268 SH SOLE 24268 0 0 KINDER MORGAN INC COM 49455P101 1602 29667 SH SOLE 29667 0 0 Manager: BNP Paribas Arbitrage S.A. Period End Date: Sep 30, 2003 Page8 of 26 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- COCA COLA CO COM 191216100 82098 1911042 SH SOLE 1911042 0 0 KROGER COMPANY COM 501044101 3715 207910 SH SOLE 207910 0 0 MBNA CORP COM 55262L100 7694 337459 SH SOLE 337459 0 0 KNIGHT RIDDER INC COM 499040103 1397 20946 SH SOLE 20946 0 0 KEYSPAN CORP COM 49337W100 2497 71186 SH SOLE 71186 0 0 KOHLS CORP COM 500255104 4959 92692 SH SOLE 92692 0 0 KANSAS CITY SO INDS PFD CONV COM 485170609 646 1350 SH SOLE 1350 0 0 LIBERTY MEDIA CORP-A COM 530718105 1874 188000 SH SOLE 188000 0 0 LEGGETT & PLATT INCORPORATED COM 524660107 1001 46298 SH SOLE 46298 0 0 LEHMAN BROTHERS HLDGS INC COM 524908100 8000 115812 SH SOLE 115812 0 0 LEGATO SYSTEM INC COM 524651106 20653 1827700 SH SOLE 1827700 0 0 LIZ CLAIBORNE INC COM 539320101 892 26200 SH SOLE 26200 0 0 L-3 COMMUNICATIONS HLDGS COM 502424104 294 6800 SH SOLE 6800 0 0 LINEAR TECHNOLOGY CORP COM 535678106 1857 51693 SH SOLE 51693 0 0 ELI LILLY & COMPANY COM 532457108 18883 317901 SH SOLE 317901 0 0 LOCKHEED MARTIN CORP COM 539830109 8904 192939 SH SOLE 192939 0 0 LOCKHEED MARTIN CORP 144-A (CO Treasury 539830AN9 897435 9000000 SH SOLE 9000000 0 0 LINCOLN NATIONAL CORPORATION COM 534187109 11844 334766 SH SOLE 334766 0 0 LOWES COS INCORPORATED COM 548661107 9786 188546 SH SOLE 188546 0 0 LOUISIANA-PACIFIC CORPORATION COM 546347105 347 25173 SH SOLE 25173 0 0 LSI LOGIC CORPORATION COM 502161102 819 91144 SH SOLE 91144 0 0 LIMITED BRANDS INC. COM 532716107 1892 125476 SH SOLE 125476 0 0 LOEWS CORPORATION COM 540424108 1802 44628 SH SOLE 44628 0 0 LUCENT TECHNOLOGY COM 549463107 2459 1138556 SH SOLE 1138556 0 0 LUCENT TECHNOLOGY CONV PFD COM 549463305 571 5500 SH SOLE 5500 0 0 SOUTHWEST AIRLINES COM 844741108 3671 207405 SH SOLE 207405 0 0 LUXOTTICA GROUP SPA COM 55068R202 189 13200 SH SOLE 13200 0 0 LEVEL 3 COMMUNUNICATIONS CONV Treasury 52729NBA7 408256 4150000 SH SOLE 4150000 0 0 LEXMARK INTERNATIONAL, INC COM 529771107 8375 132922 SH SOLE 132922 0 0 MARRIOTT INTL CLASS A COM 571903202 2412 56052 SH SOLE 56052 0 0 MASCO CORP DEL COM 574599106 3447 140798 SH SOLE 140798 0 0 MATTEL INC COM 577081102 2424 127829 SH SOLE 127829 0 0 MAY DEPARTMENT STORES CO COM 577778103 1710 69415 SH SOLE 69415 0 0 M B I A INC COM 55262C100 1917 34879 SH SOLE 34879 0 0 MCDONALDS CORPORATION COM 580135101 22280 946472 SH SOLE 946472 0 0 MCKESSON CORP COM 58155Q103 3951 118695 SH SOLE 118695 0 0 ESCROW MCLEOD USA COM 582266995 0 11425 SH SOLE 11425 0 0 MOODY'S CORPORATION COM 615369105 1974 35902 SH SOLE 35902 0 0 MICRON TECHNOLOGY -WT08 COM 595112111 2940 175000 SH SOLE 175000 0 0 MEREDITH CORP COM 589433101 553 11968 SH SOLE 11968 0 0 MEDTRONIC INCORPORATED COM 585055106 15047 320687 SH SOLE 320687 0 0 MEDTRONIC INC 1.25% Treasury 585055AB2 12745175 124494992 SH SOLE 124494992 0 0 MEDIMMUNE INC COM 584699102 2524 76407 SH SOLE 76407 0 0 MELLON FINANCIAL CORP COM 58551A108 3123 103623 SH SOLE 103623 0 0 MERRILL LYNCH & CO INC COM 590188108 16826 314320 SH SOLE 314320 0 0 MERRILL LYNCH & CO Treasury 590188A73 14918242 146500000 SH SOLE 146500000 0 0 MERRILL LYNCH Treasury 590188A65 10379000 194000000 SH SOLE 194000000 0 0 MERCURY INTERACTIVE CP COM 589405109 290 6363 SH SOLE 6363 0 0 METLIFE INC COM 59156R108 6197 220922 SH SOLE 220922 0 0 MCGRAW HILL INC COM 580645109 3120 50210 SH SOLE 50210 0 0 MEDCO HEALTH SOLUTIONS INC COM 58405U102 1921 74065 SH SOLE 74065 0 0 MARSHALL & ISLEY CORPORATION COM 571834100 1724 54701 SH SOLE 54701 0 0 MILLIPORE CORPORATION COM 601073109 671 14558 SH SOLE 14558 0 0 MCCORMICK & COMPANY INC COM 579780206 920 33562 SH SOLE 33562 0 0 Manager: BNP Paribas Arbitrage S.A. Period End Date: Sep 30, 2003 Page9 of 26 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- MILLENNIUM PHARMACTCUAL COM 599902103 1926 124671 SH SOLE 124671 0 0 MARSH & MCLENNAN COMPANIES IN COM 571748102 8273 173774 SH SOLE 173774 0 0 3M CO COM 88579Y101 13864 200717 SH SOLE 200717 0 0 MONSTER WORLDWIDE INC COM 611742107 218 8653 SH SOLE 8653 0 0 MONY GROUP INC COM 615337102 3239 99500 SH SOLE 99500 0 0 ALTRIA GROUP INC COM 02209S103 114974 2624984 SH SOLE 2624984 0 0 MOLEX INC COM 608554101 886 31009 SH SOLE 31009 0 0 MONSANTO CO COM 61166W101 3173 132522 SH SOLE 132522 0 0 MOTOROLA INCORPORATED COM 620076109 8481 709739 SH SOLE 709739 0 0 MERCK & CO. INC COM 589331107 67879 1340958 SH SOLE 1340958 0 0 MARATHON OIL CORP COM 565849106 2127 74632 SH SOLE 74632 0 0 MICROSOFT CORP COM 594918104 241261 8678467 SH SOLE 8678467 0 0 MetaSolv Inc COM 59139P104 89 40100 SH SOLE 40100 0 0 MGIC INVESTMENT CORP WIS COM 552848103 1273 24449 SH SOLE 24449 0 0 MICRON TECHNOLOGY INC COM 595112103 4525 337159 SH SOLE 337159 0 0 MORGAN STANLEY COM 617446448 28995 574612 SH SOLE 574612 0 0 MEADWESTVACO CORP COM 583334107 1230 48222 SH SOLE 48222 0 0 MAXIM INTEGRATED PRODS INC COM 57772K101 1832 46520 SH SOLE 46520 0 0 MAYTAG COMPANY COM 578592107 562 22488 SH SOLE 22488 0 0 NAVISTAR INTL CORP (NEW) COM 63934E108 945 25344 SH SOLE 25344 0 0 NABOR INDUSTRIES INC. COM G6359F103 1941 52091 SH SOLE 52091 0 0 NATIONAL CITY CORP COM 635405103 5856 198794 SH SOLE 198794 0 0 NCR CORP COM 62886E108 723 22814 SH SOLE 22814 0 0 NOBLE CORP COM G65422100 1093 32167 SH SOLE 32167 0 0 NEWMONT MINING CORP COM 651639106 14243 364360 SH SOLE 364360 0 0 NORTH FORK BANCORPORATION COM 659424105 1272 36618 SH SOLE 36618 0 0 Newhall Land & Farming Co COM 651426108 14366 363612 SH SOLE 363612 0 0 NISOURCE INC COM 65473P105 5522 276399 SH SOLE 276399 0 0 NIKE INCORPORATED CLASS B COM 654106103 15046 247378 SH SOLE 247378 0 0 NAUTILUS GROUP INC COM 63910B102 251 19900 SH SOLE 19900 0 0 NORTHROP GRUMMAN CORP COM 666807102 5141 59623 SH SOLE 59623 0 0 NORTHROP GRUMMAN PFD COM 666807409 1467 15000 SH SOLE 15000 0 0 NOKIA CORP SPON ADR COM 654902204 7989 512112 SH SOLE 512112 0 0 NOVELL INC COM 670006105 474 89362 SH SOLE 89362 0 0 NORFOLK SOUTHERN CORPORATION COM 655844108 1737 93898 SH SOLE 93898 0 0 NATIONAL SEMICONDUCTOR COM 637640103 1655 51250 SH SOLE 51250 0 0 NORTEL NETWORKS CORP COM 656568102 423 103268 SH SOLE 103268 0 0 NETWORK APPLIANCE INC COM 64120L104 571 27802 SH SOLE 27802 0 0 NORTHERN TRUST COMPANY COM 665859104 2250 53127 SH SOLE 53127 0 0 NUCOR CORP COM 670346105 863 18820 SH SOLE 18820 0 0 NVIDIA CORP COM 67066G104 438 27432 SH SOLE 27432 0 0 NOVELLUS SYSTEMS INC COM 670008101 434 12913 SH SOLE 12913 0 0 NOVARTIS AG-ADR COM 66987V109 318 8200 SH SOLE 8200 0 0 NORTHWEST AIRLINES CORP (CONV) Treasury 667280AC5 600625 6200000 SH SOLE 6200000 0 0 NEWELL RUBBERMAID INC COM 651229106 1929 89031 SH SOLE 89031 0 0 NEWS CORP LTD - SPONSORED ADR COM 652487703 418 12750 SH SOLE 12750 0 0 NEXTEL COMMUNICATIONS INC CL COM 65332V103 4818 244425 SH SOLE 244425 0 0 NEW YORK TIMES CO CLASS A COM 650111107 1610 37055 SH SOLE 37055 0 0 OMNICARE INCORPORATED COM 681904108 1587 44000 SH SOLE 44000 0 0 OFFICE DEPOT INC COM 676220106 1343 95560 SH SOLE 95560 0 0 OXFORD HEALTH PLANS INC COM 691471106 967 23400 SH SOLE 23400 0 0 OMNICOM GROUP COM 681919106 8171 113729 SH SOLE 113729 0 0 OMNICOM GROUP 144-A (CONV) Treasury 681919AN6 2303000 23500002 SH SOLE 23500002 0 0 BANK ONE CORP COM 06423A103 18689 483557 SH SOLE 483557 0 0 Manager: BNP Paribas Arbitrage S.A. Period End Date: Sep 30, 2003 Page10 of 26 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- OPENWAVE SYSTEMS INC (CONV) 14 Treasury 683718AA8 49562 500000 SH SOLE 500000 0 0 ORACLE SYSTEMS CORP COM 68389X105 37799 3359895 SH SOLE 3359895 0 0 OSI PHARMACEUTICALS INC COM 671040103 378 11581 SH SOLE 11581 0 0 OVERTURE SERVICE INC COM 69039R100 12027 456790 SH SOLE 456790 0 0 Omnivision Technologies Inc COM 682128103 1743 41290 SH SOLE 41290 0 0 OCCIDENTAL PETROLEUM CORP DEL COM 674599105 3245 92111 SH SOLE 92111 0 0 PAYCHEX INC COM 704326107 1234 36185 SH SOLE 36185 0 0 PEPSI BOTTLING GROUP INC COM 713409100 1327 64458 SH SOLE 64458 0 0 PITNEY BOWES INC COM 724479100 2158 56309 SH SOLE 56309 0 0 PETROLEO BRASILEIRO S.A. ADR COM 71654V408 321 14000 SH SOLE 14000 0 0 PACCAR COM 693718108 606 8140 SH SOLE 8140 0 0 PG+E CORP COM 69331C108 2370 99150 SH SOLE 99150 0 0 Plum Creek Timber Co Inc (REIT)COM 729251108 1120 44031 SH SOLE 44031 0 0 SPRINT CORP PCS GROUP COM 852061506 2008 350436 SH SOLE 350436 0 0 PHELPS DODGE CORPORATION COM 717265102 1003 21426 SH SOLE 21426 0 0 PLACER DOME INC COM 725906101 646 47000 SH SOLE 47000 0 0 PROTEIN DESIGN LABS INC COM 74369L103 335 23844 SH SOLE 23844 0 0 PUBLIC SVC ENTERPRISE GROUP COM 744573106 2288 54474 SH SOLE 54474 0 0 PEPSICO INCORPORATED COM 713448108 43848 956756 SH SOLE 956756 0 0 PFIZER INCORPORATED COM 717081103 111437 3668116 SH SOLE 3668116 0 0 PRINCIPAL FINANCIAL GROUP COM 74251V102 2414 77885 SH SOLE 77885 0 0 PROCTER & GAMBLE COMPANY COM 742718109 117441 1265259 SH SOLE 1265259 0 0 PEOPLES ENERGY CORPORATION COM 711030106 679 16411 SH SOLE 16411 0 0 PROGRESS ENERGY INC COM 743263105 5726 128792 SH SOLE 128792 0 0 PROGRESSIVE CORP (OHIO) COM 743315103 3613 52281 SH SOLE 52281 0 0 PARKER HANNIFIN CORP COM 701094104 1718 38435 SH SOLE 38435 0 0 PHILIPS ELECTRONICS - NY SHS COM 500472303 3834 167287 SH SOLE 167287 0 0 PULTE HOMES INC COM 745867101 1008 14821 SH SOLE 14821 0 0 PERKINELMER INC COM 714046109 467 30495 SH SOLE 30495 0 0 POSCO ADR COM 693483109 266 9300 SH SOLE 9300 0 0 Prologis COM 743410102 1306 43173 SH SOLE 43173 0 0 PALL CORPORATION COM 696429307 670 29867 SH SOLE 29867 0 0 PMC-SIERRA INC COM 69344F106 541 41015 SH SOLE 41015 0 0 PARAMETRIC TECHNOLOGY CORP COM 699173100 202 64074 SH SOLE 64074 0 0 PNC BANK CORP COM 693475105 4349 91402 SH SOLE 91402 0 0 PINNACLE WEST CAPITAL CORP COM 723484101 780 21963 SH SOLE 21963 0 0 P P G INDUSTRIES INC COM 693506107 2133 40843 SH SOLE 40843 0 0 PPL CORP COM 69351T106 1741 42524 SH SOLE 42524 0 0 PRUDENTIAL FINANCIAL INC COM 744320102 4906 131324 SH SOLE 131324 0 0 PRACTICEWORKS INC COM 739419109 4231 197237 SH SOLE 197237 0 0 PHARMACEUTICAL RESOURCES CONV Treasury 717125AA6 107000 1000000 SH SOLE 1000000 0 0 PEOPLESOFT INC COM 712713106 10477 573459 SH SOLE 573459 0 0 PACTIV CORP COM 695257105 769 37899 SH SOLE 37899 0 0 PROVIDIAN FINANCIAL CORP COM 74406A102 918 77825 SH SOLE 77825 0 0 Power-One Inc COM 739308104 208 19989 SH SOLE 19989 0 0 PRAXAIR INC COM 74005P104 2429 39217 SH SOLE 39217 0 0 QWEST COMMUNICATIONS INTL COM 749121109 1681 494363 SH SOLE 494363 0 0 QUALCOMM INC COM 747525103 5611 134649 SH SOLE 134649 0 0 QLOGIC CORP COM 747277101 378 8040 SH SOLE 8040 0 0 NASDAQ 100 COM 631100104 29385 906380 SH SOLE 906380 0 0 RYDER SYSTEM INC COM 783549108 448 15265 SH SOLE 15265 0 0 RITE AID INC COM 767754104 66 12700 SH SOLE 12700 0 0 REEBOK INTL LTD COM 758110100 475 14214 SH SOLE 14214 0 0 Resource Bankshares Corp /VA COM 76121R104 783 26857 SH SOLE 26857 0 0 Manager: BNP Paribas Arbitrage S.A. Period End Date: Sep 30, 2003 Page11 of 26 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- ROYAL DUTCH PETRO - NY SHARES COM 780257804 234 5287 SH SOLE 5287 0 0 ROWAN COMPANIES INC COM 779382100 1170 47585 SH SOLE 47585 0 0 REPSOL YPF, S.A. COM 76026T205 1960 118976 SH SOLE 118976 0 0 REGIONS FINANCIAL CORP COM 758940100 1835 53589 SH SOLE 53589 0 0 RF MICRO DEVICES COM 749941100 462 49973 SH SOLE 49973 0 0 ROYAL GOLD INC FORMERLY ROYAL COM 780287108 251 13756 SH SOLE 13756 0 0 ROBERT HALF INTL INC COM 770323103 800 41007 SH SOLE 41007 0 0 TRANSOCEAN INC COM G90078109 1700 84975 SH SOLE 84975 0 0 RESEARCH IN MOTION COM 760975102 957 25050 SH SOLE 25050 0 0 RJ REYNOLDS TOBACCO HOLDINGS COM 76182K105 802 20290 SH SOLE 20290 0 0 COORS (ADOLPH)COMPANY CL B COM 217016104 1369 25460 SH SOLE 25460 0 0 ROADWAY CORPORATION COM 769742107 209 4288 SH SOLE 4288 0 0 ROHM & HAAS COMPANY COM 775371107 1790 53508 SH SOLE 53508 0 0 ROCKWELL AUTOMATION INC COM 773903109 1167 44467 SH SOLE 44467 0 0 ROCHE HOLDINGS INC 144-A (CONV Treasury 771196AG7 537250 7000000 SH SOLE 7000000 0 0 RADIOSHACK CORP COM 750438103 1132 39843 SH SOLE 39843 0 0 ROSLYN BANCORP INC COM 778162107 7435 316374 SH SOLE 316374 0 0 Retail HOLDRs Trust COM 76127U101 2529 29800 SH SOLE 29800 0 0 RAYTHEON COMPANY COM 755111507 3572 127576 SH SOLE 127576 0 0 IMS Health Inc COM 449934108 1258 59636 SH SOLE 59636 0 0 SEARS & ROEBUCK COMPANY COM 812387108 3398 77696 SH SOLE 77696 0 0 SAFECO CORPORATION COM 786429100 1178 33324 SH SOLE 33324 0 0 SANMINA-SCI CORP COM 800907107 384 39778 SH SOLE 39778 0 0 SBC COMMUNICATIONS INC COM 78387G103 95135 4275741 SH SOLE 4275741 0 0 SYMBOL TECHNOLOGIES INC COM 871508107 663 55482 SH SOLE 55482 0 0 Connecticut Bancshares Inc/de COM 207540105 5156 100600 SH SOLE 100600 0 0 STARBUCKS CORPORATION COM 855244109 1224 42508 SH SOLE 42508 0 0 SHELL TRANS & TRADING PLC COM 822703609 319 8441 SH SOLE 8441 0 0 CHARLES SCHWAB CORP NEW COM 808513105 7698 646332 SH SOLE 646332 0 0 SUNGARD DATA SYSTEMS INC COM 867363103 1878 71375 SH SOLE 71375 0 0 SIEBEL SYSTEMS INC COM 826170102 1008 103267 SH SOLE 103267 0 0 SEALED AIR CORP COM 81211K100 965 20425 SH SOLE 20425 0 0 SCIENTIFIC-ATLANTA INC COM 808655104 1117 35854 SH SOLE 35854 0 0 SCHERING-PLOUGH CORP COM 806605101 17518 1149486 SH SOLE 1149486 0 0 SUN FINANCING I **CHAPTER 11* Treasury 866749203 0 100000 SH SOLE 100000 0 0 SHIRE PHARMACY GROUP PLC ADR COM 82481R106 594 26863 SH SOLE 26863 0 0 SHERWIN-WILLIAMS COMPANY COM 824348106 1033 35127 SH SOLE 35127 0 0 SIEMENS AG-SPONS ADR COM 826197501 476 8018 SH SOLE 8018 0 0 SIGMA-ALDRICH CORPORATION COM 826552101 348 6680 SH SOLE 6680 0 0 Sierra Health Services COM 826322109 555 27000 SH SOLE 27000 0 0 SINA CORPORATION COM G81477104 2261 63315 SH SOLE 63315 0 0 SK TELECOM CO LTD - ADR COM 78440P108 453 25400 SH SOLE 25400 0 0 ESCROW SUBURBAN LODGES OF AMER COM 864444997 0 11325 SH SOLE 11325 0 0 SCHLUMBERGER LIMITED COM 806857108 8199 169399 SH SOLE 169399 0 0 SARA LEE CORP COM 803111103 3433 187009 SH SOLE 187009 0 0 SLM CORP COM 78442P106 4227 108498 SH SOLE 108498 0 0 SOLECTRON CORP COM 834182107 1941 331787 SH SOLE 331787 0 0 SEMICONDUCTOR HOLDRS TRUST COM 816636203 2707 78700 SH SOLE 78700 0 0 SNAP-ON INC HLDG CO COM 833034101 388 14041 SH SOLE 14041 0 0 SANDISK CORP. COM 80004C101 1145 17971 SH SOLE 17971 0 0 SONY CORPORATION ADR COM 835699307 317 9115 SH SOLE 9115 0 0 SMITH AND NEPHEW PLC SPON ADR COM 83175M205 519 7799 SH SOLE 7799 0 0 SYNOVUS FINANCIAL CORP COM 87161C105 1813 72539 SH SOLE 72539 0 0 SOUTHERN COMPANY COM 842587107 13704 466921 SH SOLE 466921 0 0 Manager: BNP Paribas Arbitrage S.A. Period End Date: Sep 30, 2003 Page12 of 26 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- SOUTHTRUST CORP COM 844730101 2385 81224 SH SOLE 81224 0 0 ST PAUL COMPANIES INC COM 792860108 2030 54818 SH SOLE 54818 0 0 SIMON PROPERTY GROUP INC COM 828806109 2017 46282 SH SOLE 46282 0 0 STAPLES INC COM 855030102 1701 71348 SH SOLE 71348 0 0 SERONO SA ADR COM 81752M101 243 14862 SH SOLE 14862 0 0 SEMPRA ENERGY COM 816851109 1475 50226 SH SOLE 50226 0 0 BANCO SANTANDER (NEW) COM 05964H105 134 15700 SH SOLE 15700 0 0 St Francis Capital Corp COM 789374105 2634 89463 SH SOLE 89463 0 0 SUNTRUST BANKS INC COM 867914103 4313 71438 SH SOLE 71438 0 0 ST JUDE MEDICAL INCORPORATED COM 790849103 3674 68335 SH SOLE 68335 0 0 ST MICROELECTRONICS NV - COM 861012102 318 13204 SH SOLE 13204 0 0 STATE STREET CORP. COM 857477103 3604 80099 SH SOLE 80099 0 0 SUNOCO INC COM 86764P109 745 18511 SH SOLE 18511 0 0 SUN MICROSYSTEMS INC COM 866810104 17898 5407401 SH SOLE 5407401 0 0 SUPERVALU INC COM 868536103 769 32218 SH SOLE 32218 0 0 Software HOLDRs Trust COM 83404B103 251 7400 SH SOLE 7400 0 0 STANLEY WORKS INCORPORATED COM 854616109 39027 1322068 SH SOLE 1322068 0 0 SAFEWAY INC COM 786514208 2593 113017 SH SOLE 113017 0 0 STRYKER CORP COM 863667101 3609 47922 SH SOLE 47922 0 0 SYMANTEC CORP COM 871503108 780 12344 SH SOLE 12344 0 0 SYSCO CORPORATION COM 871829107 5277 161324 SH SOLE 161324 0 0 AT&T CORP (NEW) COM 001957505 17993 834924 SH SOLE 834924 0 0 TRAVELERS PROPERTY CASUALTY COM 89420G109 252 15889 SH SOLE 15889 0 0 TRAVELERS PROPERTY CASUALTY COM 89420G406 4635 291902 SH SOLE 291902 0 0 Taubman Centers Inc COM 876664103 921 47000 SH SOLE 47000 0 0 TIDEWATER INCORPORATED COM 886423102 357 12600 SH SOLE 12600 0 0 TECO ENERGY INC COM 872375100 1139 82452 SH SOLE 82452 0 0 TEKTRONIX INCORPORATED COM 879131100 505 20424 SH SOLE 20424 0 0 TERADYNE INCORPORATED COM 880770102 1265 68008 SH SOLE 68008 0 0 TEVA PHARMACEUTICAL - SP ADR COM 881624209 935 16348 SH SOLE 16348 0 0 TARGET CORP COM 87612E106 10038 266762 SH SOLE 266762 0 0 TENET HEALTHCARE GROUP COM 88033G100 3367 232517 SH SOLE 232517 0 0 TIFFANY & CO NEW COM 886547108 1454 38939 SH SOLE 38939 0 0 TEMPLE INLAND INC COM 879868107 1167 24032 SH SOLE 24032 0 0 TJX COS INC NEW COM 872540109 6699 344948 SH SOLE 344948 0 0 TELLABS INCORPORATED COM 879664100 1052 154501 SH SOLE 154501 0 0 TORCHMARK CORPORATION COM 891027104 1117 27482 SH SOLE 27482 0 0 THERMO ELECTRON CORPORATION COM 883556102 847 39050 SH SOLE 39050 0 0 THOMSON S.A. COM 885118109 423 24300 SH SOLE 24300 0 0 TRANSMETA CORP COM 89376R109 84 29438 SH SOLE 29438 0 0 TELEFONOS DE MEXICO SA DE CV COM 879403780 208 6800 SH SOLE 6800 0 0 Thomas & Betts Corp COM 884315102 223 14071 SH SOLE 14071 0 0 TOYS R US INC COM 892335100 618 51346 SH SOLE 51346 0 0 TRIBUNE COMPANY NEW COM 896047107 3805 82887 SH SOLE 82887 0 0 T ROWE PRICE GROUP INC COM 74144T108 1227 29722 SH SOLE 29722 0 0 TRIARC COS (CONV) Treasury 895927AD3 478125 5000000 SH SOLE 5000000 0 0 SABRE GROUP HOLDINGS ICN COM 785905100 743 34554 SH SOLE 34554 0 0 TAIWAN SEMICONDUCTOR - SP ADR COM 874039100 237 21896 SH SOLE 21896 0 0 TITAN CORP COM 888266103 8138 390480 SH SOLE 390480 0 0 TAKE-TWO INTERACTIVE SOFTWARE COM 874054109 551 16125 SH SOLE 16125 0 0 TUPPERWARE CORP. COM 899896104 188 14062 SH SOLE 14062 0 0 TRANSWITCH CORP. COM 894065101 62 25000 SH SOLE 25000 0 0 TEXAS INSTRUMENTS INCORPORATE COM 882508104 31031 1361005 SH SOLE 1361005 0 0 TEXTRON INCORPORATED COM 883203101 1286 32610 SH SOLE 32610 0 0 Manager: BNP Paribas Arbitrage S.A. Period End Date: Sep 30, 2003 Page13 of 26 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- TXU CORPORATION COM 873168108 5866 248984 SH SOLE 248984 0 0 TYCO INTERNATIONAL LTD COM 902124106 15579 762552 SH SOLE 762552 0 0 UBS AG COM H8920M855 1186 21086 SH SOLE 21086 0 0 UNOCAL CORPORATION COM 915289102 2593 82268 SH SOLE 82268 0 0 UNISYS CORP COM 909214108 1072 79212 SH SOLE 79212 0 0 UNILEVER PLC AMERICAN SHARES COM 904767704 915 26423 SH SOLE 26423 0 0 UNITED MICROELECTONICS ADR COM 910873207 743 164804 SH SOLE 164804 0 0 UNILEVER NV (NEW) COM 904784709 244 4131 SH SOLE 4131 0 0 UNITEDHEALTH GROUP INC COM 91324P102 7346 145994 SH SOLE 145994 0 0 UNUM CORP COM 91529Y106 1052 71220 SH SOLE 71220 0 0 UNION PACIFIC CORP COM 907818108 3564 61272 SH SOLE 61272 0 0 UNION PLANTERS CORP OF MEMPHI COM 908068109 1492 47166 SH SOLE 47166 0 0 UNITED PARCEL SERVICE CL-B COM 911312106 18914 296458 SH SOLE 296458 0 0 U.S. BANCORP COM 902973304 13046 543798 SH SOLE 543798 0 0 U S T INC FORMERLY COM 902911106 2465 70061 SH SOLE 70061 0 0 UTSTARCOM INC COM 918076100 563 17704 SH SOLE 17704 0 0 UNITED TECHNOLOGIES CORP COM 913017109 14501 187644 SH SOLE 187644 0 0 UNIVISION COMMUNCIATIONS INC COM 914906102 2509 78591 SH SOLE 78591 0 0 VISTEON CORP COM 92839U107 212 32166 SH SOLE 32166 0 0 V F CORPORATION COM 918204108 1006 25853 SH SOLE 25853 0 0 VIACOM INC NON VOTING COM 925524308 21535 562283 SH SOLE 562283 0 0 VALERO ENERGY CORP COM 91913Y100 501 13100 SH SOLE 13100 0 0 VULCAN MATERIALS COMPANY COM 929160109 976 24454 SH SOLE 24454 0 0 VODAFONE GROUP PLC SP ADR COM 92857W100 828 40880 SH SOLE 40880 0 0 VERISIGN INC COM 92343E102 712 52922 SH SOLE 52922 0 0 VERITAS SOFTWARE CORP COM 923436109 2844 90231 SH SOLE 90231 0 0 VERITAS SOFTWARE CORP 144-A (C Treasury 923436AC3 249688 2500000 SH SOLE 2500000 0 0 VERIZON COMMUNICATIONS COM 92343V104 88425 2725790 SH SOLE 2725790 0 0 VERIZON GLOBAL Treasury 92344GAN6 26349750 441000000 SH SOLE 441000000 0 0 WALGREEN COMPANY COM 931422109 8278 270178 SH SOLE 270178 0 0 WATERS CORP. COM 941848103 811 29570 SH SOLE 29570 0 0 WACHOVIA CORP COM 929903102 16887 409979 SH SOLE 409979 0 0 Webvan Group Inc COM 94845V103 0 62900 SH SOLE 62900 0 0 WORLDCOM INC./WORLDCOM GROUP COM 98157D106 50 774314 SH SOLE 774314 0 0 WENDYS INTERNATIONAL INC COM 950590109 2077 64306 SH SOLE 64306 0 0 WELLS FARGO COMPANY COM 949746101 42264 820650 SH SOLE 820650 0 0 WHIRLPOOL CORPORATION COM 963320106 1122 16561 SH SOLE 16561 0 0 WINN-DIXIE STORES INC COM 974280109 327 33887 SH SOLE 33887 0 0 WELLPOINT HEALTH NETWORKS COM 94973H108 2723 35330 SH SOLE 35330 0 0 WASHINGTON MUTUAL INC COM 939322103 13109 332967 SH SOLE 332967 0 0 WILLIAMS COMPANIES COM 969457100 1400 148643 SH SOLE 148643 0 0 WASTE MANAGEMENT INC COM 94106L109 3965 151511 SH SOLE 151511 0 0 WAL-MART STORES INC COM 931142103 132738 2376687 SH SOLE 2376687 0 0 WORTHINGTON INDUSTRIES INC COM 981811102 260 20679 SH SOLE 20679 0 0 WATSON PHARMACEUTICALS INC COM 942683103 1081 25926 SH SOLE 25926 0 0 WilTel Communications Group IncCOM 972487102 9812 611343 SH SOLE 611343 0 0 WRIGLEY WM JR COMPANY COM 982526105 2995 54161 SH SOLE 54161 0 0 WEYERHAEUSER COMPANY COM 962166104 3083 52742 SH SOLE 52742 0 0 WYETH COM 983024100 20747 450052 SH SOLE 450052 0 0 UNITED STATES STEEL CORP COM 912909108 457 24853 SH SOLE 24853 0 0 Equity Securities Trust I COM 29477R103 7174 344900 SH SOLE 344900 0 0 XCEL ENERGY INC COM 98389B100 1484 95954 SH SOLE 95954 0 0 XL CAPITAL LTD COM G98255105 2546 32871 SH SOLE 32871 0 0 XILINX INC COM 983919101 1539 54127 SH SOLE 54127 0 0 Manager: BNP Paribas Arbitrage S.A. Period End Date: Sep 30, 2003 Page14 of 26 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- XM SATELLITE RADIO HLDG COM 983759101 634 40925 SH SOLE 40925 0 0 EXXON MOBIL CORP COM 30231G102 89739 2451887 SH SOLE 2451887 0 0 XEROX CORPORATION COM 984121103 2409 234802 SH SOLE 234802 0 0 XEROX CORP CONV PFD SER 144A COM 98411F202 11309 175000 SH SOLE 175000 0 0 XEROX CORP 6.25% CONV PFD COM 984121509 4094 40000 SH SOLE 40000 0 0 YELLOW CORP 144-A (CONV) Treasury 985509AM0 117375 1000000 SH SOLE 1000000 0 0 YAHOO INC. COM 984332106 4328 122291 SH SOLE 122291 0 0 YUM BRANDS INC COM 988498101 2181 73628 SH SOLE 73628 0 0 ZIONS BANCORP FORMERLY ZIONS COM 989701107 1209 21593 SH SOLE 21593 0 0 ZIMMER HOLDINGS INC COM 98956P102 3161 57367 SH SOLE 57367 0 0 NORTEL NETWORKS CORP COM 656568102 13 2500 SH CALL SOLE 2500 0 0 CLEAR CHANNEL COMMUNICATIONS COM 184502102 4 390 SH CALL SOLE 390 0 0 GENERAL MOTORS CLASS H COM 370442832 0 2000 SH CALL SOLE 2000 0 0 IGEN INC COM 449536101 5 393 SH PUT SOLE 393 0 0 ABX Air Inc COM 00080S101 0 1613 SH PUT SOLE 1613 0 0 MEDTRONIC INCORPORATED COM 585055106 47 943 SH PUT SOLE 943 0 0 ORACLE SYSTEMS CORP COM 68389X105 159 7820 SH CALL SOLE 7820 0 0 ADOBE SYSTEMS INC COM 00724F101 120 2000 SH CALL SOLE 2000 0 0 ST JUDE MEDICAL INCORPORATED COM 790849103 5 114 SH CALL SOLE 114 0 0 AON CORP COM 037389103 9 217 SH CALL SOLE 217 0 0 SBC COMMUNICATIONS INC COM 78387G103 519 11397 SH CALL SOLE 11397 0 0 BANK OF AMERICA CORP COM 060505104 188 2480 SH CALL SOLE 2480 0 0 ELI LILLY & COMPANY COM 532457108 90 2402 SH CALL SOLE 2402 0 0 Diamond Offshore Drilling COM 25271C102 9 205 SH CALL SOLE 205 0 0 TIDEWATER INCORPORATED COM 886423102 15 184 SH CALL SOLE 184 0 0 MCDATA CORPORATION COM 580031102 0 162 SH PUT SOLE 162 0 0 SUN MICROSYSTEMS INC COM 866810104 39 658 SH CALL SOLE 658 0 0 CADENCE DESIGN SYS INC COM 127387108 0 211 SH CALL SOLE 211 0 0 HEWLETT-PACKARD INCORPORATED COM 428236103 122 3001 SH CALL SOLE 3001 0 0 WASTE MANAGEMENT INC COM 94106L109 20 174 SH CALL SOLE 174 0 0 ARIBA INC COM 04033V104 0 581 SH CALL SOLE 581 0 0 APPLIED MATERIALS INC COM 038222105 465 3000 SH PUT SOLE 3000 0 0 INFINEON TECHNOLOGIES ADR COM 45662N103 0 2000 SH CALL SOLE 2000 0 0 CISCO SYS INC COM 17275R102 1560 17932 SH CALL SOLE 17932 0 0 KEYCORP (NEW) COM 493267108 9 121 SH CALL SOLE 121 0 0 ATMEL CORP COM 049513104 14 144 SH CALL SOLE 144 0 0 BCE INC COM 05534B109 0 246 SH CALL SOLE 246 0 0 VODAFONE GROUP PLC SP ADR COM 92857W100 186 1797 SH CALL SOLE 1797 0 0 INTERACTIVE CORP COM 45840Q101 12 63 SH PUT SOLE 63 0 0 ABBOTT LABORATORIES COM 002824100 54 2100 SH CALL SOLE 2100 0 0 COCA COLA ENTERPRISES INC. COM 191219104 16 331 SH CALL SOLE 331 0 0 CDW COMPUTER CENTERS INC COM 125129106 0 497 SH PUT SOLE 497 0 0 BMC SOFTWARE INC COM 055921100 8 143 SH CALL SOLE 143 0 0 CIRCUIT CITY STORES- COM 172737108 21 372 SH CALL SOLE 372 0 0 JOHNSON & JOHNSON INCORPORATE COM 478160104 253 2379 SH CALL SOLE 2379 0 0 UNIVISION COMMUNCIATIONS INC COM 914906102 39 510 SH CALL SOLE 510 0 0 HONEYWELL INTERNATIONAL INC COM 438516106 210 2229 SH CALL SOLE 2229 0 0 MELLON FINANCIAL CORP COM 58551A108 10 109 SH PUT SOLE 109 0 0 ALCATEL ALSTHOM CGE-SPON ADR COM 013904305 22 202 SH PUT SOLE 202 0 0 CLOROX COM 189054109 15 100 SH CALL SOLE 100 0 0 CONOCOPHILLIPS COM 20825C104 44 1032 SH CALL SOLE 1032 0 0 JANUS CAPITAL GROUP INC COM 47102X105 41 305 SH CALL SOLE 305 0 0 NAUTILUS GROUP INC COM 63910B102 72 345 SH CALL SOLE 345 0 0 ALLIED CAPITAL CORP COM 01903Q108 84 895 SH CALL SOLE 895 0 0 Manager: BNP Paribas Arbitrage S.A. Period End Date: Sep 30, 2003 Page15 of 26 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- ADVANCE PCS COM 00790K109 37 283 SH PUT SOLE 283 0 0 Omnivision Technologies Inc COM 682128103 35 165 SH CALL SOLE 165 0 0 ABERCROMBIE & FITCH CO CL A COM 002896207 8 83 SH CALL SOLE 83 0 0 ASK JEEVES INC COM 045174109 0 497 SH CALL SOLE 497 0 0 BROCADE COMMUNICATIONS SYS COM 111621108 64 1877 SH CALL SOLE 1877 0 0 SCHERING-PLOUGH CORP COM 806605101 11 559 SH CALL SOLE 559 0 0 KRAFT FOODS INC CLASS A COM 50075N104 29 219 SH CALL SOLE 219 0 0 WATERS CORP. COM 941848103 11 105 SH CALL SOLE 105 0 0 PROVIDIAN FINANCIAL CORP COM 74406A102 12 139 SH PUT SOLE 139 0 0 MARSH & MCLENNAN COMPANIES IN COM 571748102 16 106 SH CALL SOLE 106 0 0 DISNEY WALT CO COM 254687106 882 15446 SH CALL SOLE 15446 0 0 DISNEY WALT CO COM 254687106 377 2775 SH PUT SOLE 2775 0 0 NEWS CORP LTD - SPONSORED ADR COM 652487703 18 159 SH PUT SOLE 159 0 0 RAYTHEON COMPANY COM 755111507 9 227 SH CALL SOLE 227 0 0 AT&T CORP (NEW) COM 001957505 736 9098 SH CALL SOLE 9098 0 0 TELEFONOS DE MEXICO SA DE CV COM 879403780 25 318 SH PUT SOLE 318 0 0 NIKE INCORPORATED CLASS B COM 654106103 19 110 SH PUT SOLE 110 0 0 AMERICAN EXPRESS CO COM 025816109 485 2965 SH PUT SOLE 2965 0 0 GATEWAY INC COM 367626108 22 169 SH CALL SOLE 169 0 0 TEXAS INSTRUMENTS INCORPORATE COM 882508104 124 2219 SH CALL SOLE 2219 0 0 GENERAL MTRS CORP COM 370442105 334 1746 SH PUT SOLE 1746 0 0 XEROX CORPORATION COM 984121103 397 8396 SH PUT SOLE 8396 0 0 CORNING INC COM 219350105 80 622 SH PUT SOLE 622 0 0 INTERNATIONAL PAPER COMPANY COM 460146103 117 1543 SH PUT SOLE 1543 0 0 TAIWAN SEMICONDUCTOR - SP ADR COM 874039100 16 263 SH CALL SOLE 263 0 0 ECHELON CORP COM 27874N105 32 119 SH PUT SOLE 119 0 0 ICN PHARM. COM 448924100 0 172 SH PUT SOLE 172 0 0 AT&T CORP (NEW) COM 001957505 917 4599 SH PUT SOLE 4599 0 0 PULTE HOMES INC COM 745867101 50 295 SH PUT SOLE 295 0 0 CISCO SYS INC COM 17275R102 730 14553 SH PUT SOLE 14553 0 0 RJ REYNOLDS TOBACCO HOLDINGS COM 76182K105 199 556 SH CALL SOLE 556 0 0 SBC COMMUNICATIONS INC COM 78387G103 891 4209 SH PUT SOLE 4209 0 0 ATMEL CORP COM 049513104 29 226 SH PUT SOLE 226 0 0 SOUTHWEST AIRLINES COM 844741108 19 339 SH PUT SOLE 339 0 0 HEWLETT-PACKARD INCORPORATED COM 428236103 383 1615 SH PUT SOLE 1615 0 0 ORACLE SYSTEMS CORP COM 68389X105 385 1250 SH PUT SOLE 1250 0 0 PRUDENTIAL FINANCIAL INC COM 744320102 46 324 SH PUT SOLE 324 0 0 VIVENDI UNIVERSAL SP ADR COM 92851S204 0 133 SH CALL SOLE 133 0 0 AT & T WIRELESS SERVICES COM 00209A106 135 1098 SH CALL SOLE 1098 0 0 CIENA CORP COM 171779101 114 1402 SH CALL SOLE 1402 0 0 OVERTURE SERVICE INC COM 69039R100 1 81 SH PUT SOLE 81 0 0 HOME DEPOT INCORPORATED COM 437076102 1084 4784 SH PUT SOLE 4784 0 0 M B I A INC COM 55262C100 38 207 SH PUT SOLE 207 0 0 ELAN CORP PLC ADR COM 284131208 66 489 SH CALL SOLE 489 0 0 A T & T CORP (OLD) COM 001957109 0 608 SH CALL SOLE 608 0 0 APPLIED MATERIALS INC COM 038222105 119 564 SH CALL SOLE 564 0 0 JANUS CAPITAL GROUP INC COM 47102X105 41 193 SH PUT SOLE 193 0 0 PLACER DOME INC COM 725906101 39 399 SH PUT SOLE 399 0 0 SOVEREIGN BANCORP INC COM 845905108 0 729 SH CALL SOLE 729 0 0 CYPRESS SEMICONDUCTOR CORP COM 232806109 0 249 SH PUT SOLE 249 0 0 PENNEY (J.C.) CO COM 708160106 18 334 SH PUT SOLE 334 0 0 COCA COLA CO COM 191216100 587 5781 SH CALL SOLE 5781 0 0 PROTEIN DESIGN LABS INC COM 74369L103 24 258 SH PUT SOLE 258 0 0 VALERO ENERGY CORP COM 91913Y100 14 224 SH CALL SOLE 224 0 0 Manager: BNP Paribas Arbitrage S.A. Period End Date: Sep 30, 2003 Page16 of 26 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- VERISIGN INC COM 92343E102 24 308 SH CALL SOLE 308 0 0 MICROCHIP TECHNOLOGY INC COM 595017104 0 613 SH CALL SOLE 613 0 0 SEMTECH CORPORATION COM 816850101 0 127 SH CALL SOLE 127 0 0 BRISTOL MYERS SQUIBB CO. COM 110122108 703 7852 SH CALL SOLE 7852 0 0 SEARS & ROEBUCK COMPANY COM 812387108 399 950 SH CALL SOLE 950 0 0 EMERSON ELECTRIC CO COM 291011104 131 769 SH CALL SOLE 769 0 0 TELEFONOS DE MEXICO SA DE CV COM 879403780 27 192 SH CALL SOLE 192 0 0 ALTERA CORP COM 021441100 29 185 SH PUT SOLE 185 0 0 GENESIS MICROCHIP INC COM 37184C103 43 441 SH CALL SOLE 441 0 0 TAIWAN SEMICONDUCTOR - SP ADR COM 874039100 58 471 SH PUT SOLE 471 0 0 UNOCAL CORPORATION COM 915289102 15 69 SH CALL SOLE 69 0 0 EOG RESOURCES INC COM 26875P101 8 113 SH PUT SOLE 113 0 0 ADVANCED FIBRE COMMUNICATION COM 00754A105 0 370 SH CALL SOLE 370 0 0 BANK NEW YORK INC COM 064057102 256 2653 SH CALL SOLE 2653 0 0 HONEYWELL INTERNATIONAL INC COM 438516106 315 1205 SH PUT SOLE 1205 0 0 SYBASE INC COM 871130100 0 234 SH CALL SOLE 234 0 0 UNITED STATES STEEL CORP COM 912909108 978 2401 SH CALL SOLE 2401 0 0 SOUTHERN COMPANY COM 842587107 55 281 SH CALL SOLE 281 0 0 Software HOLDRs Trust COM 83404B103 16 186 SH CALL SOLE 186 0 0 INTERNET SECURITY SYSTEMS INC COM 46060X107 16 169 SH CALL SOLE 169 0 0 VALERO ENERGY CORP COM 91913Y100 23 323 SH PUT SOLE 323 0 0 STAPLES INC COM 855030102 14 129 SH CALL SOLE 129 0 0 AMERITRADE HOLDING CORP CL A COM 03074K100 0 332 SH PUT SOLE 332 0 0 INTERNATIONAL PAPER COMPANY COM 460146103 574 4992 SH CALL SOLE 4992 0 0 ERICSSON (LM) TEL-SP ADR COM 294821608 0 192 SH CALL SOLE 192 0 0 SYNOPSYS INC COM 871607107 0 481 SH PUT SOLE 481 0 0 SIEBEL SYSTEMS INC COM 826170102 24 745 SH CALL SOLE 745 0 0 GAP INCORPORATED COM 364760108 109 728 SH PUT SOLE 728 0 0 YUM BRANDS INC COM 988498101 29 101 SH CALL SOLE 101 0 0 RITE AID INC COM 767754104 8 122 SH PUT SOLE 122 0 0 COMCAST CORP CLASS A COM 200300101 0 479 SH PUT SOLE 479 0 0 AMERICAN TOWER SYSTEMS CLASS COM 029912201 0 200 SH PUT SOLE 200 0 0 InterMune Inc COM 45884X103 0 110 SH CALL SOLE 110 0 0 GOODYEAR TIRE & RUBR CO COM 382550101 86 507 SH CALL SOLE 507 0 0 DEUTSCHE TELEKOM AG SPONC ADR COM 251566105 9 153 SH CALL SOLE 153 0 0 KNIGHT TRADING GROUP INC COM 499063105 0 117 SH CALL SOLE 117 0 0 FEDERATED DEPT. STORES INC. COM 31410H101 23 204 SH PUT SOLE 204 0 0 GENERAL MTRS CORP COM 370442105 1571 4523 SH CALL SOLE 4523 0 0 INTERACTIVE CORP COM 45840Q101 76 147 SH CALL SOLE 147 0 0 USG CORP NEW COM 903293405 0 291 SH CALL SOLE 291 0 0 SHIRE PHARMACY GROUP PLC ADR COM 82481R106 41 322 SH PUT SOLE 322 0 0 EL PASO CORPORATION COM 28336L109 145 1389 SH CALL SOLE 1389 0 0 KING PHARMACEUTICALS COM 495582108 27 243 SH CALL SOLE 243 0 0 MAYTAG COMPANY COM 578592107 23 93 SH PUT SOLE 93 0 0 COMCAST CORP-SPECIAL CL A COM 200300200 0 477 SH CALL SOLE 477 0 0 NETWORK APPLIANCE INC COM 64120L104 28 354 SH PUT SOLE 354 0 0 LIBERTY MEDIA CORP-A COM 530718105 29 128 SH CALL SOLE 128 0 0 BANK OF AMERICA CORP COM 060505104 677 1500 SH PUT SOLE 1500 0 0 COMCAST CORP-SPECIAL CL A COM 200300200 0 102 SH PUT SOLE 102 0 0 MAYTAG COMPANY COM 578592107 60 270 SH CALL SOLE 270 0 0 AMERICREDIT CORP COM 03060R101 0 426 SH CALL SOLE 426 0 0 RJ REYNOLDS TOBACCO HOLDINGS COM 76182K105 302 560 SH PUT SOLE 560 0 0 DEUTSCHE TELEKOM AG SPONC ADR COM 251566105 17 139 SH PUT SOLE 139 0 0 MELLON FINANCIAL CORP COM 58551A108 42 236 SH CALL SOLE 236 0 0 Manager: BNP Paribas Arbitrage S.A. Period End Date: Sep 30, 2003 Page17 of 26 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- MICRON TECHNOLOGY INC COM 595112103 9834 59364 SH CALL SOLE 59364 0 0 Pre-Paid Legal Services Inc COM 740065107 0 244 SH CALL SOLE 244 0 0 DOW CHEM CO COM 260543103 64 543 SH PUT SOLE 543 0 0 TEXAS INSTRUMENTS INCORPORATE COM 882508104 1402 2550 SH PUT SOLE 2550 0 0 XEROX CORPORATION COM 984121103 256 2417 SH CALL SOLE 2417 0 0 CIGNA CORPORATION COM 125509109 2 77 SH CALL SOLE 77 0 0 GOODYEAR TIRE & RUBR CO COM 382550101 51 381 SH PUT SOLE 381 0 0 TEVA PHARMACEUTICAL - SP ADR COM 881624209 46 331 SH PUT SOLE 331 0 0 FORD MOTOR COMPANY COM 345370860 214 3041 SH CALL SOLE 3041 0 0 DELL INC COM 24702R101 95 751 SH CALL SOLE 751 0 0 CV THERAPEUTICS INC COM 126667104 0 819 SH CALL SOLE 819 0 0 CONCORD EFS, INC. COM 206197105 183 1774 SH PUT SOLE 1774 0 0 MOTOROLA INCORPORATED COM 620076109 501 3725 SH CALL SOLE 3725 0 0 BALLARD POWER SYSTEMS COM 05858H104 0 457 SH CALL SOLE 457 0 0 BELLSOUTH CORP COM 079860102 79 5091 SH CALL SOLE 5091 0 0 Diamond Offshore Drilling COM 25271C102 33 213 SH PUT SOLE 213 0 0 NORTHROP GRUMMAN CORP COM 666807102 111 907 SH CALL SOLE 907 0 0 U.S. BANCORP COM 902973304 88 774 SH PUT SOLE 774 0 0 TRANSOCEAN INC COM G90078109 58 353 SH CALL SOLE 353 0 0 UNITED TECHNOLOGIES CORP COM 913017109 787 2017 SH PUT SOLE 2017 0 0 TECO ENERGY INC COM 872375100 111 316 SH PUT SOLE 316 0 0 GENERAL ELECTRIC COMPANY COM 369604103 2278 22631 SH CALL SOLE 22631 0 0 SOUTHWEST AIRLINES COM 844741108 25 134 SH CALL SOLE 134 0 0 ABX Air Inc COM 00080S101 0 331 SH CALL SOLE 331 0 0 FUELCELL ENERGY INC COM 35952H106 0 300 SH CALL SOLE 300 0 0 PROTEIN DESIGN LABS INC COM 74369L103 39 332 SH CALL SOLE 332 0 0 GENESIS MICROCHIP INC COM 37184C103 114 423 SH PUT SOLE 423 0 0 SOUTHERN COMPANY COM 842587107 8 234 SH PUT SOLE 234 0 0 INTERSIL CORPORATION COM COM 46069S109 0 471 SH CALL SOLE 471 0 0 TXU CORPORATION COM 873168108 86 266 SH CALL SOLE 266 0 0 HUMAN GENOME SCIENCES INC COM 444903108 41 149 SH CALL SOLE 149 0 0 KING PHARMACEUTICALS COM 495582108 26 218 SH PUT SOLE 218 0 0 DELL INC COM 24702R101 26 93 SH PUT SOLE 93 0 0 SOVEREIGN BANCORP INC COM 845905108 0 472 SH PUT SOLE 472 0 0 RESEARCH IN MOTION COM 760975102 83 392 SH PUT SOLE 392 0 0 PAYCHEX INC COM 704326107 45 316 SH PUT SOLE 316 0 0 VERISIGN INC COM 92343E102 45 235 SH PUT SOLE 235 0 0 FEDEX CORP COM 31428X106 32 422 SH PUT SOLE 422 0 0 CONCORD EFS, INC. COM 206197105 361 3257 SH CALL SOLE 3257 0 0 PENNEY (J.C.) CO COM 708160106 119 638 SH CALL SOLE 638 0 0 JPMORGAN CHASE & CO COM 46625H100 755 2191 SH PUT SOLE 2191 0 0 TERADYNE INCORPORATED COM 880770102 95 539 SH PUT SOLE 539 0 0 GATEWAY INC COM 367626108 14 192 SH PUT SOLE 192 0 0 ROYAL GOLD INC FORMERLY ROYAL COM 780287108 45 120 SH PUT SOLE 120 0 0 PAYCHEX INC COM 704326107 47 579 SH CALL SOLE 579 0 0 COSTCO WHOLESALE CORP COM 22160K105 214 1838 SH CALL SOLE 1838 0 0 UNOCAL CORPORATION COM 915289102 10 102 SH PUT SOLE 102 0 0 WASHINGTON MUTUAL INC COM 939322103 52 396 SH CALL SOLE 396 0 0 RF MICRO DEVICES COM 749941100 83 518 SH PUT SOLE 518 0 0 CENDANT CORPORATION COM 151313103 39 440 SH PUT SOLE 440 0 0 InterMune Inc COM 45884X103 0 270 SH PUT SOLE 270 0 0 RF MICRO DEVICES COM 749941100 75 451 SH CALL SOLE 451 0 0 INTERSIL CORPORATION COM COM 46069S109 0 337 SH PUT SOLE 337 0 0 WILLIAMS COMPANIES COM 969457100 136 453 SH CALL SOLE 453 0 0 Manager: BNP Paribas Arbitrage S.A. Period End Date: Sep 30, 2003 Page18 of 26 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- IVAX CORP FORMERLY IVACO INDS COM 465823102 67 835 SH PUT SOLE 835 0 0 COMCAST CORP-SPECIAL CL A COM 20030N200 237 1503 SH CALL SOLE 1503 0 0 CORNING INC COM 219350105 187 695 SH CALL SOLE 695 0 0 KEYCORP (NEW) COM 493267108 34 171 SH PUT SOLE 171 0 0 PROVIDIAN FINANCIAL CORP COM 74406A102 31 166 SH CALL SOLE 166 0 0 DELTA AIR LINES INC DEL COM 247361108 75 725 SH PUT SOLE 725 0 0 DU PONT E I DE NEMOURS & CO COM 263534109 373 4759 SH CALL SOLE 4759 0 0 RAYTHEON COMPANY COM 755111507 58 237 SH PUT SOLE 237 0 0 HARLEY DAVIDSON INCORPORATED COM 412822108 57 645 SH PUT SOLE 645 0 0 KROGER COMPANY COM 501044101 34 192 SH PUT SOLE 192 0 0 CENTEX CORPORATION COM 152312104 31 83 SH PUT SOLE 83 0 0 Cablevision Systems Corp COM 12686C109 217 827 SH PUT SOLE 827 0 0 GAP INCORPORATED COM 364760108 61 339 SH CALL SOLE 339 0 0 INVITROGEN CORP COM 46185R100 0 108 SH PUT SOLE 108 0 0 COCA COLA CO COM 191216100 767 3412 SH PUT SOLE 3412 0 0 ELI LILLY & COMPANY COM 532457108 73 100 SH PUT SOLE 100 0 0 LOCKHEED MARTIN CORP COM 539830109 32 96 SH CALL SOLE 96 0 0 TIDEWATER INCORPORATED COM 886423102 8 81 SH PUT SOLE 81 0 0 XM SATELLITE RADIO HLDG COM 983759101 113 1043 SH PUT SOLE 1043 0 0 BED BATH & BEYOND INC COM 075896100 128 514 SH PUT SOLE 514 0 0 ICN PHARM. COM 448924100 0 283 SH CALL SOLE 283 0 0 PNC BANK CORP COM 693475105 42 249 SH CALL SOLE 249 0 0 AMERITRADE HOLDING CORP CL A COM 03074K100 0 799 SH CALL SOLE 799 0 0 CADENCE DESIGN SYS INC COM 127387108 0 121 SH PUT SOLE 121 0 0 AUTONATION INC COM 05329W102 24 143 SH PUT SOLE 143 0 0 AMERICAN TOWER SYSTEMS CLASS COM 029912201 0 847 SH CALL SOLE 847 0 0 USG CORP NEW COM 903293405 0 167 SH PUT SOLE 167 0 0 APPLIED MICRO CIRCUITS CORP COM 03822W109 20 121 SH PUT SOLE 121 0 0 DAIMLERCHRYSLER AG COM D1668R123 8 114 SH CALL SOLE 114 0 0 GENTA INC COM 37245M207 0 407 SH CALL SOLE 407 0 0 JETBLUE AIRWAYS INC COM 477143101 0 288 SH PUT SOLE 288 0 0 TEVA PHARMACEUTICAL - SP ADR COM 881624209 62 709 SH CALL SOLE 709 0 0 AUTONATION INC COM 05329W102 55 407 SH CALL SOLE 407 0 0 SIEBEL SYSTEMS INC COM 826170102 18 152 SH PUT SOLE 152 0 0 FLEET BOSTON FINANCIAL CORP COM 339030108 44 204 SH PUT SOLE 204 0 0 AMERICAN POWER CONVERSION COR COM 029066107 47 189 SH CALL SOLE 189 0 0 COMCAST CORP-SPECIAL CL A COM 20030N200 109 867 SH PUT SOLE 867 0 0 MEDIMMUNE INC COM 584699102 155 533 SH PUT SOLE 533 0 0 TXU CORPORATION COM 873168108 11 96 SH PUT SOLE 96 0 0 COMCAST CORP CL A COM 200300101 0 188 SH CALL SOLE 188 0 0 AMDOCS LTD COM G02602103 90 435 SH PUT SOLE 435 0 0 TENET HEALTHCARE GROUP COM 88033G100 70 595 SH CALL SOLE 595 0 0 ANN TAYLOR STORES CORP. COM 036115103 0 485 SH CALL SOLE 485 0 0 ELECTRONIC DATA SYSTEMS CORP. COM 285661104 100 1723 SH CALL SOLE 1723 0 0 SAFEWAY INC COM 786514208 49 245 SH PUT SOLE 245 0 0 BP PLC COM 055622104 58 415 SH CALL SOLE 415 0 0 E M C CORP MASS COM 268648102 474 3666 SH CALL SOLE 3666 0 0 SAFEWAY INC COM 786514208 74 279 SH CALL SOLE 279 0 0 UNIVISION COMMUNCIATIONS INC COM 914906102 251 705 SH PUT SOLE 705 0 0 DUKE ENERGY CORP COM 264399106 104 851 SH CALL SOLE 851 0 0 AOL TIME WARNER COM 00184A105 1582 38550 SH CALL SOLE 38550 0 0 DOW CHEM CO COM 260543103 166 1039 SH CALL SOLE 1039 0 0 WELLPOINT HEALTH NETWORKS COM 94973H108 17 179 SH PUT SOLE 179 0 0 WILLIAMS COMPANIES COM 969457100 49 688 SH PUT SOLE 688 0 0 Manager: BNP Paribas Arbitrage S.A. Period End Date: Sep 30, 2003 Page19 of 26 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- STARBUCKS CORPORATION COM 855244109 60 798 SH PUT SOLE 798 0 0 BAKER HUGHES INC COM 057224107 20 175 SH CALL SOLE 175 0 0 E M C CORP MASS COM 268648102 184 1426 SH PUT SOLE 1426 0 0 NAVISTAR INTL CORP (NEW) COM 63934E108 51 116 SH PUT SOLE 116 0 0 TRIMERIS INC COM 896263100 0 1131 SH CALL SOLE 1131 0 0 DUKE ENERGY CORP COM 264399106 61 608 SH PUT SOLE 608 0 0 KROGER COMPANY COM 501044101 47 246 SH CALL SOLE 246 0 0 NOKIA CORP SPON ADR COM 654902204 160 3001 SH CALL SOLE 3001 0 0 TERADYNE INCORPORATED COM 880770102 43 230 SH CALL SOLE 230 0 0 ALLTEL CORPORATION COM 020039103 26 269 SH CALL SOLE 269 0 0 BED BATH & BEYOND INC COM 075896100 31 328 SH CALL SOLE 328 0 0 NATIONAL SEMICONDUCTOR COM 637640103 58 312 SH PUT SOLE 312 0 0 4Kids Entertainment Inc COM 350865101 0 175 SH CALL SOLE 175 0 0 MCDONALDS CORPORATION COM 580135101 711 4211 SH PUT SOLE 4211 0 0 APPLE COMPUTER INC COM 037833100 576 3459 SH CALL SOLE 3459 0 0 ADVANCED MICRO DEVICES INC COM 007903107 566 2637 SH CALL SOLE 2637 0 0 DANAHER CORPORATION COM 235851102 155 839 SH PUT SOLE 839 0 0 HUMAN GENOME SCIENCES INC COM 444903108 40 256 SH PUT SOLE 256 0 0 DEERE & COMPANY COM 244199105 63 192 SH CALL SOLE 192 0 0 AFFYMETRIX INC COM 00826T108 22 149 SH CALL SOLE 149 0 0 NVIDIA CORP COM 67066G104 91 1205 SH CALL SOLE 1205 0 0 TAKE-TWO INTERACTIVE SOFTWARE COM 874054109 77 328 SH PUT SOLE 328 0 0 AMERICAN PHARMACEUTICAL PART COM 02886P109 112 214 SH CALL SOLE 214 0 0 IDEC PHARMACUETICAL COM 449370105 93 900 SH CALL SOLE 900 0 0 WATERS CORP. COM 941848103 44 235 SH PUT SOLE 235 0 0 TECO ENERGY INC COM 872375100 80 407 SH CALL SOLE 407 0 0 A G EDWARDS INCORPORATED COM 281760108 0 265 SH CALL SOLE 265 0 0 CENDANT CORPORATION COM 151313103 166 756 SH CALL SOLE 756 0 0 AFFYMETRIX INC COM 00826T108 41 269 SH PUT SOLE 269 0 0 ADVANCED DIGITAL INFO CORP COM 007525108 0 272 SH CALL SOLE 272 0 0 SYNOPSYS INC COM 871607107 0 610 SH CALL SOLE 610 0 0 BARRICKS GOLD CORP. COM 067901108 68 415 SH CALL SOLE 415 0 0 OVERTURE SERVICE INC COM 69039R100 65 137 SH CALL SOLE 137 0 0 LOCKHEED MARTIN CORP COM 539830109 81 360 SH PUT SOLE 360 0 0 CIENA CORP COM 171779101 205 1008 SH PUT SOLE 1008 0 0 AMR CORP COM 001765106 1000 3983 SH CALL SOLE 3983 0 0 U.S. BANCORP COM 902973304 177 2212 SH CALL SOLE 2212 0 0 AT & T WIRELESS SERVICES COM 00209A106 86 492 SH PUT SOLE 492 0 0 Cymer Inc COM 232572107 0 214 SH PUT SOLE 214 0 0 MYLAN LABS INCORPORATED COM 628530107 0 268 SH CALL SOLE 268 0 0 UTSTARCOM INC COM 918076100 136 572 SH CALL SOLE 572 0 0 HALLIBURTON CO (HOLDING CO) COM 406216101 59 610 SH CALL SOLE 610 0 0 IVAX CORP FORMERLY IVACO INDS COM 465823102 42 1011 SH CALL SOLE 1011 0 0 Pre-Paid Legal Services Inc COM 740065107 0 165 SH PUT SOLE 165 0 0 SCHLUMBERGER LIMITED COM 806857108 81 363 SH CALL SOLE 363 0 0 BANK ONE CORP COM 06423A103 161 1084 SH PUT SOLE 1084 0 0 MERCK & CO. INC COM 589331107 438 9325 SH CALL SOLE 9325 0 0 FORD MOTOR COMPANY COM 345370860 778 3210 SH PUT SOLE 3210 0 0 OIL SERVICE HOLDERS TRUST COM 678002106 0 442 SH CALL SOLE 442 0 0 LIBERTY MEDIA CORP-A COM 530718105 271 2142 SH PUT SOLE 2142 0 0 ALCATEL ALSTHOM CGE-SPON ADR COM 013904305 58 219 SH CALL SOLE 219 0 0 AGILENT TECHNOLOGIES INC COM 00846U101 97 819 SH PUT SOLE 819 0 0 NOKIA CORP SPON ADR COM 654902204 427 4396 SH PUT SOLE 4396 0 0 Cablevision Systems Corp COM 12686C109 92 510 SH CALL SOLE 510 0 0 Manager: BNP Paribas Arbitrage S.A. Period End Date: Sep 30, 2003 Page20 of 26 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- BROCADE COMMUNICATIONS SYS COM 111621108 98 697 SH PUT SOLE 697 0 0 LINEAR TECHNOLOGY CORP COM 535678106 275 1062 SH PUT SOLE 1062 0 0 FLEXTRONICS INTL LTD COM Y2573F102 166 912 SH CALL SOLE 912 0 0 AUTOZONE INC COM 053332102 101 562 SH CALL SOLE 562 0 0 CARDINAL HEALTH INC COM 14149Y108 120 857 SH CALL SOLE 857 0 0 SAP AG SPONSORED ADR COM 803054204 0 488 SH PUT SOLE 488 0 0 SOHU.COM INC COM 83408W103 0 241 SH PUT SOLE 241 0 0 DELTA AIR LINES INC DEL COM 247361108 407 1241 SH CALL SOLE 1241 0 0 CATERPILLAR INC COM 149123101 596 1523 SH PUT SOLE 1523 0 0 MACROMEDIA INC COM 556100105 0 114 SH CALL SOLE 114 0 0 ALCOA INC COM 013817101 501 3272 SH PUT SOLE 3272 0 0 AMERICAN ELECTRIC POWER CO COM 025537101 191 812 SH CALL SOLE 812 0 0 ALLIED CAPITAL CORP COM 01903Q108 237 619 SH PUT SOLE 619 0 0 APPLE COMPUTER INC COM 037833100 233 2083 SH PUT SOLE 2083 0 0 FLEET BOSTON FINANCIAL CORP COM 339030108 167 956 SH CALL SOLE 956 0 0 AMERADA HESS CORPORATION COM 023551104 60 203 SH CALL SOLE 203 0 0 NEXTEL COMMUNICATIONS INC CL COM 65332V103 219 1925 SH PUT SOLE 1925 0 0 WALGREEN COMPANY COM 931422109 586 1037 SH PUT SOLE 1037 0 0 AMERICAN EXPRESS CO COM 025816109 962 4312 SH CALL SOLE 4312 0 0 AUTOZONE INC COM 053332102 130 412 SH PUT SOLE 412 0 0 CYPRESS SEMICONDUCTOR CORP COM 232806109 0 226 SH CALL SOLE 226 0 0 SEMICONDUCTOR HOLDRS TRUST COM 816636203 232 1160 SH PUT SOLE 1160 0 0 VODAFONE GROUP PLC SP ADR COM 92857W100 41 496 SH PUT SOLE 496 0 0 MILLENNIUM PHARMACTCUAL COM 599902103 206 1082 SH CALL SOLE 1082 0 0 WALGREEN COMPANY COM 931422109 251 1443 SH CALL SOLE 1443 0 0 ABERCROMBIE & FITCH CO CL A COM 002896207 64 225 SH PUT SOLE 225 0 0 XM SATELLITE RADIO HLDG COM 983759101 199 607 SH CALL SOLE 607 0 0 MILLENNIUM PHARMACTCUAL COM 599902103 192 1319 SH PUT SOLE 1319 0 0 VISX INC COM 92844S105 21 188 SH PUT SOLE 188 0 0 INTL BUSINESS MACHINES INC COM 459200101 2477 6513 SH CALL SOLE 6513 0 0 TITAN CORP COM 888266103 71 149 SH CALL SOLE 149 0 0 PFIZER INCORPORATED COM 717081103 1042 16953 SH CALL SOLE 16953 0 0 MEDIMMUNE INC COM 584699102 24 429 SH CALL SOLE 429 0 0 SINA CORPORATION COM G81477104 140 1023 SH CALL SOLE 1023 0 0 MERCURY INTERACTIVE CP COM 589405109 211 1230 SH PUT SOLE 1230 0 0 BARRICKS GOLD CORP. COM 067901108 110 561 SH PUT SOLE 561 0 0 MICROCHIP TECHNOLOGY INC COM 595017104 0 399 SH PUT SOLE 399 0 0 COCA COLA ENTERPRISES INC. COM 191219104 67 193 SH PUT SOLE 193 0 0 FLEXTRONICS INTL LTD COM Y2573F102 839 4103 SH PUT SOLE 4103 0 0 Retail HOLDRs Trust COM 76127U101 9 60 SH CALL SOLE 60 0 0 L-3 COMMUNICATIONS HLDGS COM 502424104 110 374 SH CALL SOLE 374 0 0 EASTMAN KODAK COMPANY COM 277461109 148 5621 SH CALL SOLE 5621 0 0 ALTERA CORP COM 021441100 44 402 SH CALL SOLE 402 0 0 GUIDANT CORP COM 401698105 14 58 SH CALL SOLE 58 0 0 ST JUDE MEDICAL INCORPORATED COM 790849103 58 317 SH PUT SOLE 317 0 0 FIRST DATA CORP COM 319963104 73 305 SH PUT SOLE 305 0 0 AMDOCS LTD COM G02602103 100 381 SH CALL SOLE 381 0 0 FOUNDRY NETWORKS INC COM 35063R100 0 733 SH CALL SOLE 733 0 0 KRAFT FOODS INC CLASS A COM 50075N104 57 210 SH PUT SOLE 210 0 0 GLOBALSANTAFE CORP COM G3930E101 19 119 SH PUT SOLE 119 0 0 BELLSOUTH CORP COM 079860102 63 325 SH PUT SOLE 325 0 0 COMCAST CORP CLASS A (NEW) COM 20030N101 33 204 SH PUT SOLE 204 0 0 EXXON MOBIL CORP COM 30231G102 2835 25339 SH CALL SOLE 25339 0 0 Cymer Inc COM 232572107 0 270 SH CALL SOLE 270 0 0 Manager: BNP Paribas Arbitrage S.A. Period End Date: Sep 30, 2003 Page21 of 26 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- JPMORGAN CHASE & CO COM 46625H100 2321 8350 SH CALL SOLE 8350 0 0 ANALOG DEVICES INCORPORATED COM 032654105 145 453 SH PUT SOLE 453 0 0 AFFILIATED COMPUTER SVCS COM 008190100 0 304 SH PUT SOLE 304 0 0 HOME DEPOT INCORPORATED COM 437076102 929 5246 SH CALL SOLE 5246 0 0 RAMBUS INC DEL COM 750917106 0 359 SH CALL SOLE 359 0 0 ANALOG DEVICES INCORPORATED COM 032654105 127 543 SH CALL SOLE 543 0 0 KB HOME COM 48666K109 43 145 SH CALL SOLE 145 0 0 WACHOVIA CORP COM 929903102 143 1068 SH CALL SOLE 1068 0 0 INTERNET SECURITY SYSTEMS INC COM 46060X107 74 401 SH PUT SOLE 401 0 0 NOVELLUS SYSTEMS INC COM 670008101 131 1327 SH CALL SOLE 1327 0 0 FIFTH THIRD BANCORP COM 316773100 282 1239 SH CALL SOLE 1239 0 0 FEDERAL HOME LOAN MTG CORP COM 313400301 228 1358 SH PUT SOLE 1358 0 0 NASDAQ 100 COM 631100104 48719 103687 SH PUT SOLE 103687 0 0 FIRST DATA CORP COM 319963104 137 870 SH CALL SOLE 870 0 0 USA INTERACTIVE COM 902984103 0 263 SH PUT SOLE 263 0 0 KIMBERLY-CLARK CORPORATION COM 494368103 308 1002 SH CALL SOLE 1002 0 0 LEXMARK INTERNATIONAL, INC COM 529771107 73 414 SH CALL SOLE 414 0 0 MOTOROLA INCORPORATED COM 620076109 216 2378 SH PUT SOLE 2378 0 0 QUEST DIAGNOSTICS COM 74834L100 229 319 SH CALL SOLE 319 0 0 EOG RESOURCES INC COM 26875P101 80 237 SH CALL SOLE 237 0 0 BP PLC COM 055622104 85 600 SH PUT SOLE 600 0 0 NIKE INCORPORATED CLASS B COM 654106103 139 372 SH CALL SOLE 372 0 0 GENERAL DYNAMICS CORPORATION COM 369550108 223 394 SH PUT SOLE 394 0 0 HARLEY DAVIDSON INCORPORATED COM 412822108 135 540 SH CALL SOLE 540 0 0 OSI PHARMACEUTICALS INC COM 671040103 295 440 SH PUT SOLE 440 0 0 FEDEX CORP COM 31428X106 134 658 SH CALL SOLE 658 0 0 MCDONALDS CORPORATION COM 580135101 1116 5404 SH CALL SOLE 5404 0 0 BIOGEN INC MASS COM 090597105 56 819 SH CALL SOLE 819 0 0 HCA INC COM 404119109 276 678 SH CALL SOLE 678 0 0 ALCOA INC COM 013817101 925 5518 SH CALL SOLE 5518 0 0 INTUIT INC COM 461202103 107 440 SH CALL SOLE 440 0 0 ADVANCED MICRO DEVICES INC COM 007903107 296 2552 SH PUT SOLE 2552 0 0 CDW COMPUTER CENTERS INC COM 125129106 0 141 SH CALL SOLE 141 0 0 UNITED PARCEL SERVICE CL-B COM 911312106 382 2985 SH CALL SOLE 2985 0 0 TAKE-TWO INTERACTIVE SOFTWARE COM 874054109 47 66 SH CALL SOLE 66 0 0 BANK ONE CORP COM 06423A103 130 2620 SH CALL SOLE 2620 0 0 TARGET CORP COM 87612E106 138 697 SH CALL SOLE 697 0 0 SEALED AIR CORP COM 81211K100 52 167 SH PUT SOLE 167 0 0 ANADARKO PETROLEUM CORP COM 032511107 95 1379 SH CALL SOLE 1379 0 0 AMR CORP COM 001765106 677 3850 SH PUT SOLE 3850 0 0 NABOR INDUSTRIES INC. COM G6359F103 109 306 SH PUT SOLE 306 0 0 HCA INC COM 404119109 43 417 SH PUT SOLE 417 0 0 QUEST DIAGNOSTICS COM 74834L100 167 312 SH PUT SOLE 312 0 0 COMPUTER ASSOCIATES INTL INC COM 204912109 575 1660 SH PUT SOLE 1660 0 0 TYCO INTERNATIONAL LTD COM 902124106 245 2087 SH PUT SOLE 2087 0 0 AFFILIATED COMPUTER SVCS COM 008190100 0 727 SH CALL SOLE 727 0 0 KOHLS CORP COM 500255104 42 560 SH CALL SOLE 560 0 0 SINA CORPORATION COM G81477104 346 988 SH PUT SOLE 988 0 0 NETWORK APPLIANCE INC COM 64120L104 143 686 SH CALL SOLE 686 0 0 CENTEX CORPORATION COM 152312104 39 151 SH CALL SOLE 151 0 0 INTUIT INC COM 461202103 124 802 SH PUT SOLE 802 0 0 AOL TIME WARNER COM 00184A105 4048 15710 SH PUT SOLE 15710 0 0 ELAN CORP PLC ADR COM 284131208 210 1179 SH PUT SOLE 1179 0 0 Retail HOLDRs Trust COM 76127U101 185 365 SH PUT SOLE 365 0 0 Manager: BNP Paribas Arbitrage S.A. Period End Date: Sep 30, 2003 Page22 of 26 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- ROYAL DUTCH PETRO - NY SHARES COM 780257804 140 1125 SH CALL SOLE 1125 0 0 BOEING CO COM 097023105 536 2800 SH CALL SOLE 2800 0 0 XILINX INC COM 983919101 443 1084 SH CALL SOLE 1084 0 0 INTEL CORP COM 458140100 8738 27049 SH CALL SOLE 27049 0 0 GEORGIA PACIFIC CORPORATION COM 373298108 164 494 SH CALL SOLE 494 0 0 Chubb Corp COM 171232101 77 258 SH CALL SOLE 258 0 0 CIGNA CORPORATION COM 125509109 73 341 SH PUT SOLE 341 0 0 AETNA US HEALTHCARE COM 00817Y108 131 574 SH PUT SOLE 574 0 0 JOHNSON & JOHNSON INCORPORATE COM 478160104 4331 6097 SH PUT SOLE 6097 0 0 TYCO INTERNATIONAL LTD COM 902124106 933 2346 SH CALL SOLE 2346 0 0 BAKER HUGHES INC COM 057224107 44 161 SH PUT SOLE 161 0 0 PEPSICO INCORPORATED COM 713448108 162 854 SH PUT SOLE 854 0 0 HALLIBURTON CO (HOLDING CO) COM 406216101 192 1416 SH PUT SOLE 1416 0 0 M B I A INC COM 55262C100 86 201 SH CALL SOLE 201 0 0 COLGATE PALMOLIVE CO COM 194162103 99 440 SH PUT SOLE 440 0 0 PEPSICO INCORPORATED COM 713448108 628 6390 SH CALL SOLE 6390 0 0 LINEAR TECHNOLOGY CORP COM 535678106 60 773 SH CALL SOLE 773 0 0 GENZYME CORP COM 372917104 115 426 SH PUT SOLE 426 0 0 Chubb Corp COM 171232101 32 151 SH PUT SOLE 151 0 0 WYETH COM 983024100 537 3023 SH CALL SOLE 3023 0 0 PNC BANK CORP COM 693475105 35 195 SH PUT SOLE 195 0 0 COMPUTER ASSOCIATES INTL INC COM 204912109 122 364 SH CALL SOLE 364 0 0 GUIDANT CORP COM 401698105 125 299 SH PUT SOLE 299 0 0 AMAZON COMM INC COM 023135106 438 4294 SH PUT SOLE 4294 0 0 DELL COMPUTER COM 247025109 0 8325 SH PUT SOLE 8325 0 0 CLOROX COM 189054109 135 109 SH PUT SOLE 109 0 0 INTERNATIONAL RECTIFIER CORP COM 460254105 0 160 SH PUT SOLE 160 0 0 GEORGIA PACIFIC CORPORATION COM 373298108 57 418 SH PUT SOLE 418 0 0 UNITED PARCEL SERVICE CL-B COM 911312106 122 1965 SH PUT SOLE 1965 0 0 BALLARD POWER SYSTEMS COM 05858H104 0 320 SH PUT SOLE 320 0 0 GENTA INC COM 37245M207 0 177 SH PUT SOLE 177 0 0 FEDERATED DEPT. STORES INC. COM 31410H101 205 270 SH CALL SOLE 270 0 0 COLGATE PALMOLIVE CO COM 194162103 180 1684 SH CALL SOLE 1684 0 0 PRUDENTIAL FINANCIAL INC COM 744320102 233 789 SH CALL SOLE 789 0 0 INTL BUSINESS MACHINES INC COM 459200101 1503 3448 SH PUT SOLE 3448 0 0 SOHU.COM INC COM 83408W103 0 475 SH CALL SOLE 475 0 0 NEXTEL COMMUNICATIONS INC CL COM 65332V103 304 1040 SH CALL SOLE 1040 0 0 CONOCOPHILLIPS COM 20825C104 163 271 SH PUT SOLE 271 0 0 NABOR INDUSTRIES INC. COM G6359F103 51 145 SH CALL SOLE 145 0 0 Omnivision Technologies Inc COM 682128103 219 825 SH PUT SOLE 825 0 0 XILINX INC COM 983919101 318 951 SH PUT SOLE 951 0 0 UNITED TECHNOLOGIES CORP COM 913017109 1699 2470 SH CALL SOLE 2470 0 0 NAUTILUS GROUP INC COM 63910B102 73 168 SH PUT SOLE 168 0 0 OSI PHARMACEUTICALS INC COM 671040103 130 457 SH CALL SOLE 457 0 0 MICROSOFT CORP COM 594918104 9974 74819 SH CALL SOLE 74819 0 0 MARVELL TECHNOLOGY GROUP LTD COM G5876H105 0 327 SH CALL SOLE 327 0 0 AGILENT TECHNOLOGIES INC COM 00846U101 367 1158 SH CALL SOLE 1158 0 0 TARGET CORP COM 87612E106 56 461 SH PUT SOLE 461 0 0 SAP AG SPONSORED ADR COM 803054204 0 636 SH CALL SOLE 636 0 0 MAXIM INTEGRATED PRODS INC COM 57772K101 212 550 SH PUT SOLE 550 0 0 L-3 COMMUNICATIONS HLDGS COM 502424104 156 343 SH PUT SOLE 343 0 0 NEWMONT MINING CORP COM 651639106 808 4834 SH PUT SOLE 4834 0 0 KB HOME COM 48666K109 39 117 SH PUT SOLE 117 0 0 CEPHALON INC COM 156708109 538 1506 SH PUT SOLE 1506 0 0 Manager: BNP Paribas Arbitrage S.A. Period End Date: Sep 30, 2003 Page23 of 26 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- AMERICAN PHARMACEUTICAL PART COM 02886P109 224 625 SH PUT SOLE 625 0 0 NASDAQ 100 COM 631100104 52981 109966 SH CALL SOLE 109966 0 0 CV THERAPEUTICS INC COM 126667104 0 292 SH PUT SOLE 292 0 0 MAXIM INTEGRATED PRODS INC COM 57772K101 57 498 SH CALL SOLE 498 0 0 CABOT MICROELECTRONICS CORP COM 12709P103 0 651 SH PUT SOLE 651 0 0 STARBUCKS CORPORATION COM 855244109 235 1158 SH CALL SOLE 1158 0 0 LEXMARK INTERNATIONAL, INC COM 529771107 118 249 SH PUT SOLE 249 0 0 SCIENTIFIC-ATLANTA INC COM 808655104 202 557 SH PUT SOLE 557 0 0 COSTCO WHOLESALE CORP COM 22160K105 263 1496 SH PUT SOLE 1496 0 0 PHILIP MORRIS COS INC COM 718154107 0 3720 SH PUT SOLE 3720 0 0 VIACOM INC NON VOTING COM 925524308 511 12824 SH CALL SOLE 12824 0 0 SCIENTIFIC-ATLANTA INC COM 808655104 494 1353 SH CALL SOLE 1353 0 0 ALTRIA GROUP INC COM 02209S103 1491 6121 SH CALL SOLE 6121 0 0 SCHERING-PLOUGH CORP COM 806605101 383 1550 SH PUT SOLE 1550 0 0 DEERE & COMPANY COM 244199105 28 178 SH PUT SOLE 178 0 0 EMERSON ELECTRIC CO COM 291011104 56 232 SH PUT SOLE 232 0 0 NATIONAL SEMICONDUCTOR COM 637640103 345 421 SH CALL SOLE 421 0 0 WACHOVIA CORP COM 929903102 351 731 SH PUT SOLE 731 0 0 SYMANTEC CORP COM 871503108 178 759 SH PUT SOLE 759 0 0 CHIRON CORPORATION COM 170040109 295 1182 SH PUT SOLE 1182 0 0 COUNTRYWIDE FINANCIAL CORP COM 222372104 420 876 SH PUT SOLE 876 0 0 CAPITAL ONE FINANCIAL CORP. COM 14040H105 180 737 SH CALL SOLE 737 0 0 UNITEDHEALTH GROUP INC COM 91324P102 314 1001 SH PUT SOLE 1001 0 0 INTERNATIONAL RECTIFIER CORP COM 460254105 0 363 SH CALL SOLE 363 0 0 CITIGROUP INC COM 172967101 2092 18626 SH CALL SOLE 18626 0 0 ELECTRONIC DATA SYSTEMS CORP. COM 285661104 479 1351 SH PUT SOLE 1351 0 0 ADVANCE PCS COM 00790K109 466 1557 SH CALL SOLE 1557 0 0 VERITAS SOFTWARE CORP COM 923436109 354 2674 SH PUT SOLE 2674 0 0 WAL-MART STORES INC COM 931142103 1935 24352 SH CALL SOLE 24352 0 0 WELLS FARGO COMPANY COM 949746101 258 2406 SH PUT SOLE 2406 0 0 MORGAN STANLEY COM 617446448 421 1925 SH PUT SOLE 1925 0 0 WELLS FARGO COMPANY COM 949746101 263 6034 SH CALL SOLE 6034 0 0 KLA INSTRUMENTS CORP COM 482480100 178 454 SH PUT SOLE 454 0 0 UTSTARCOM INC COM 918076100 372 545 SH PUT SOLE 545 0 0 SUN MICROSYSTEMS INC COM 866810104 576 2784 SH PUT SOLE 2784 0 0 CARDINAL HEALTH INC COM 14149Y108 241 874 SH PUT SOLE 874 0 0 BROADCOM CORP COM 111320107 1750 3928 SH CALL SOLE 3928 0 0 AMERADA HESS CORPORATION COM 023551104 56 374 SH PUT SOLE 374 0 0 WASHINGTON MUTUAL INC COM 939322103 142 992 SH PUT SOLE 992 0 0 ICOS CORP COM 449295104 139 378 SH CALL SOLE 378 0 0 VIACOM INC NON VOTING COM 925524308 1060 2985 SH PUT SOLE 2985 0 0 GENENTECH INC COM 368710406 253 1161 SH PUT SOLE 1161 0 0 SCHLUMBERGER LIMITED COM 806857108 127 722 SH PUT SOLE 722 0 0 CHEVRONTEXACO CORP COM 166764100 217 1136 SH PUT SOLE 1136 0 0 MERCURY INTERACTIVE CP COM 589405109 241 604 SH CALL SOLE 604 0 0 IGEN INC COM 449536101 328 181 SH CALL SOLE 181 0 0 UNITEDHEALTH GROUP INC COM 91324P102 111 831 SH CALL SOLE 831 0 0 BIOGEN INC MASS COM 090597105 524 834 SH PUT SOLE 834 0 0 AMERICAN INTL GROUP INC COM 026874107 2157 12243 SH CALL SOLE 12243 0 0 INTEL CORP COM 458140100 5146 16229 SH PUT SOLE 16229 0 0 OXFORD HEALTH PLANS INC COM 691471106 250 568 SH CALL SOLE 568 0 0 FANNIE MAE COM 313586109 958 1891 SH PUT SOLE 1891 0 0 MARSH & MCLENNAN COMPANIES IN COM 571748102 102 145 SH PUT SOLE 145 0 0 CEPHALON INC COM 156708109 322 947 SH CALL SOLE 947 0 0 Manager: BNP Paribas Arbitrage S.A. Period End Date: Sep 30, 2003 Page24 of 26 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- DELL COMPUTER COM 247025109 0 11893 SH CALL SOLE 11893 0 0 EXXON MOBIL CORP COM 30231G102 2717 8570 SH PUT SOLE 8570 0 0 MERRILL LYNCH & CO INC COM 590188108 1202 2284 SH CALL SOLE 2284 0 0 LEHMAN BROTHERS HLDGS INC COM 524908100 552 1675 SH CALL SOLE 1675 0 0 NVIDIA CORP COM 67066G104 444 1009 SH PUT SOLE 1009 0 0 NEWMONT MINING CORP COM 651639106 470 1707 SH CALL SOLE 1707 0 0 WAL-MART STORES INC COM 931142103 9912 8299 SH PUT SOLE 8299 0 0 SANDISK CORP. COM 80004C101 392 1576 SH PUT SOLE 1576 0 0 SEMICONDUCTOR HOLDRS TRUST COM 816636203 154 446 SH CALL SOLE 446 0 0 LEHMAN BROTHERS HLDGS INC COM 524908100 377 430 SH PUT SOLE 430 0 0 FANNIE MAE COM 313586109 2351 6398 SH CALL SOLE 6398 0 0 FIFTH THIRD BANCORP COM 316773100 78 561 SH PUT SOLE 561 0 0 RESEARCH IN MOTION COM 760975102 118 139 SH CALL SOLE 139 0 0 ICOS CORP COM 449295104 342 477 SH PUT SOLE 477 0 0 CAPITAL ONE FINANCIAL CORP. COM 14040H105 272 1169 SH PUT SOLE 1169 0 0 CITIGROUP INC COM 172967101 4715 8454 SH PUT SOLE 8454 0 0 YAHOO INC. COM 984332106 506 3449 SH PUT SOLE 3449 0 0 GILEAD SCIENCES INC COM 375558103 486 1029 SH PUT SOLE 1029 0 0 IMCLONE SYSTEMS INC COM 45245W109 655 1357 SH PUT SOLE 1357 0 0 AMGEN INC COM 031162100 1288 2327 SH PUT SOLE 2327 0 0 VERITAS SOFTWARE CORP COM 923436109 825 2520 SH CALL SOLE 2520 0 0 GOLDMAN SACHS GROUP INC COM 38141G104 1649 6638 SH CALL SOLE 6638 0 0 ROYAL DUTCH PETRO - NY SHARES COM 780257804 130 706 SH PUT SOLE 706 0 0 CHEVRONTEXACO CORP COM 166764100 301 1756 SH CALL SOLE 1756 0 0 NOVELLUS SYSTEMS INC COM 670008101 278 704 SH PUT SOLE 704 0 0 ANADARKO PETROLEUM CORP COM 032511107 833 2575 SH PUT SOLE 2575 0 0 MERRILL LYNCH & CO INC COM 590188108 153 1212 SH PUT SOLE 1212 0 0 INVITROGEN CORP COM 46185R100 0 536 SH CALL SOLE 536 0 0 VERIZON COMMUNICATIONS COM 92343V104 262 9426 SH CALL SOLE 9426 0 0 MERCK & CO. INC COM 589331107 1513 3572 SH PUT SOLE 3572 0 0 GENERAL DYNAMICS CORPORATION COM 369550108 306 503 SH CALL SOLE 503 0 0 DANAHER CORPORATION COM 235851102 89 207 SH CALL SOLE 207 0 0 CATERPILLAR INC COM 149123101 2072 3758 SH CALL SOLE 3758 0 0 OXFORD HEALTH PLANS INC COM 691471106 220 835 SH PUT SOLE 835 0 0 3M CO COM 88579Y101 730 3264 SH PUT SOLE 3264 0 0 KIMBERLY-CLARK CORPORATION COM 494368103 749 1284 SH PUT SOLE 1284 0 0 ALLTEL CORPORATION COM 020039103 93 182 SH PUT SOLE 182 0 0 PROCTER & GAMBLE COMPANY COM 742718109 1137 3618 SH PUT SOLE 3618 0 0 IMCLONE SYSTEMS INC COM 45245W109 510 798 SH CALL SOLE 798 0 0 TRANSOCEAN INC COM G90078109 70 589 SH PUT SOLE 589 0 0 PFIZER INCORPORATED COM 717081103 2583 10879 SH PUT SOLE 10879 0 0 GENERAL ELECTRIC COMPANY COM 369604103 6454 15550 SH PUT SOLE 15550 0 0 OMNICOM GROUP COM 681919106 249 827 SH PUT SOLE 827 0 0 MORGAN STANLEY COM 617446448 776 4950 SH CALL SOLE 4950 0 0 DU PONT E I DE NEMOURS & CO COM 263534109 1676 4518 SH PUT SOLE 4518 0 0 YAHOO INC. COM 984332106 3846 12143 SH CALL SOLE 12143 0 0 BOEING CO COM 097023105 1495 4369 SH PUT SOLE 4369 0 0 JETBLUE AIRWAYS INC COM 477143101 0 242 SH CALL SOLE 242 0 0 BANK NEW YORK INC COM 064057102 154 689 SH PUT SOLE 689 0 0 AMERICAN ELECTRIC POWER CO COM 025537101 52 473 SH PUT SOLE 473 0 0 PULTE HOMES INC COM 745867101 303 451 SH CALL SOLE 451 0 0 QUALCOMM INC COM 747525103 2932 15644 SH CALL SOLE 15644 0 0 IDEC PHARMACUETICAL COM 449370105 391 787 SH PUT SOLE 787 0 0 WELLPOINT HEALTH NETWORKS COM 94973H108 56 324 SH CALL SOLE 324 0 0 Manager: BNP Paribas Arbitrage S.A. Period End Date: Sep 30, 2003 Page25 of 26 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 - ------------------------------ ------------------ --------- --------- ------------------ ------- -------- --------------------- Value Shrs or SH/ PUT/ Other Voting Authority Name of Issuer Title of Class CUSIP (x$1000) Prn Amt PRN CALL Dscretn Managers Sole Shared None - ------------------------------ ------------------ --------- --------- --------- --- ---- ------- -------- --------- ------ ---- AMERICAN INTL GROUP INC COM 026874107 1642 4204 SH PUT SOLE 4204 0 0 KLA INSTRUMENTS CORP COM 482480100 282 988 SH CALL SOLE 988 0 0 CHIRON CORPORATION COM 170040109 282 725 SH CALL SOLE 725 0 0 PROCTER & GAMBLE COMPANY COM 742718109 2580 7239 SH CALL SOLE 7239 0 0 EL PASO CORPORATION COM 28336L109 847 2785 SH PUT SOLE 2785 0 0 ALTRIA GROUP INC COM 02209S103 1496 5906 SH PUT SOLE 5906 0 0 SYMANTEC CORP COM 871503108 985 1244 SH CALL SOLE 1244 0 0 BROADCOM CORP COM 111320107 417 1266 SH PUT SOLE 1266 0 0 WYETH COM 983024100 818 1353 SH PUT SOLE 1353 0 0 BEAZER HOMES USA INC COM 07556Q105 0 302 SH CALL SOLE 302 0 0 EBAY INC COM 278642103 3560 5127 SH CALL SOLE 5127 0 0 SEALED AIR CORP COM 81211K100 82 237 SH CALL SOLE 237 0 0 GENENTECH INC COM 368710406 236 604 SH CALL SOLE 604 0 0 DAIMLERCHRYSLER AG COM D1668R123 289 721 SH PUT SOLE 721 0 0 CABOT MICROELECTRONICS CORP COM 12709P103 0 650 SH CALL SOLE 650 0 0 KOHLS CORP COM 500255104 213 428 SH PUT SOLE 428 0 0 AMAZON COMM INC COM 023135106 4536 3088 SH CALL SOLE 3088 0 0 MICRON TECHNOLOGY INC COM 595112103 3805 8917 SH PUT SOLE 8917 0 0 GILEAD SCIENCES INC COM 375558103 272 846 SH CALL SOLE 846 0 0 TENET HEALTHCARE GROUP COM 88033G100 527 1493 SH PUT SOLE 1493 0 0 VERIZON COMMUNICATIONS COM 92343V104 2242 3182 SH PUT SOLE 3182 0 0 EASTMAN KODAK COMPANY COM 277461109 5321 5570 SH PUT SOLE 5570 0 0 PHILIP MORRIS COS INC COM 718154107 0 3382 SH CALL SOLE 3382 0 0 GOLDMAN SACHS GROUP INC COM 38141G104 565 1678 SH PUT SOLE 1678 0 0 TRIMERIS INC COM 896263100 0 527 SH PUT SOLE 527 0 0 BRISTOL MYERS SQUIBB CO. COM 110122108 582 1313 SH PUT SOLE 1313 0 0 COUNTRYWIDE FINANCIAL CORP COM 222372104 710 583 SH CALL SOLE 583 0 0 AETNA US HEALTHCARE COM 00817Y108 319 253 SH CALL SOLE 253 0 0 OMNICOM GROUP COM 681919106 90 469 SH CALL SOLE 469 0 0 MICROSOFT CORP COM 594918104 15377 57770 SH PUT SOLE 57770 0 0 GENZYME CORP COM 372917104 231 637 SH CALL SOLE 637 0 0 3M CO COM 88579Y101 9061 4749 SH CALL SOLE 4749 0 0 AMGEN INC COM 031162100 2881 9642 SH CALL SOLE 9642 0 0 EBAY INC COM 278642103 2803 7087 SH PUT SOLE 7087 0 0 NORTHROP GRUMMAN CORP COM 666807102 315 446 SH PUT SOLE 446 0 0 QUALCOMM INC COM 747525103 564 3420 SH PUT SOLE 3420 0 0 SANDISK CORP. COM 80004C101 1487 879 SH CALL SOLE 879 0 0 NASDAQ 100 COM 12490H104 0 185 SH PUT SOLE 185 0 0 S&P 500 INDEX OPTION COM 648815108 0 4729 SH PUT SOLE 4729 0 0 S&P 500 INDEX COM 648815983 0 2253 SH PUT SOLE 2253 0 0
-----END PRIVACY-ENHANCED MESSAGE-----