UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE

~~-------------------~~Report ~~FORM~~for ~~13F~~the ~~(SEC~~Calendar ~~USE~~Year ~~ONLY)~~or ~~Name~~Quarter of Reporting Manager Citadel Limited Partnership --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6Ended: ~~Item~~SEPTEMBER 8:30, ~~Item~~2000 1:Check ~~Item~~here 2:if ~~Item~~Amendment 3:[ ~~Item~~]; 4:Amendment ~~Item 5~~Number: ~~Investment~~___________ ~~Discretion~~This ~~Item~~Amendment ~~7: Voting Authority~~ (~~Shares)~~Check ~~---------------------------~~only ~~---------------------- Name of Issuer Title of CUSIP Fair Maket Shares of (b~~one.): ~~Shared-~~[ ~~(c)~~] ~~Managers~~is ~~Class Number Value Principal (~~a) ~~As Defined Shared- See Instr~~restatement. V[ ~~(a)~~] ~~(b)~~adds ~~(c)~~new ~~Amount~~holdings ~~Sole in Instr~~entries. VInstitutional ~~Other~~Investment ~~Sole~~Manager ~~Shared~~Filing ~~None~~this ~~------------------------------------------------------------------------------------------------------------------------------------~~Report: ~~APPLE~~Name: ~~COMPUTER~~CITADEL ~~INC~~LIMITED ~~Cmn~~PARTNERSHIP ~~37833100~~Address: ~~4,580,718~~225 ~~87,460~~WEST XWASHINGTON n9/aTH/ XFLOOR ~~------------------------------------------------------------------------------------------------------------------------------------~~CHICAGO, ~~AAPL~~IL ~~40.0~~60606 ~~STRIKE~~13F ~~PUT~~File ~~01/20~~Number: ~~Opt~~28-5912 ~~(P)~~The ~~37833100~~institutional ~~775,000~~investment ~~2,000~~manager Xfiling ~~n/a~~this ~~n/a~~report ~~------------------------------------------------------------------------------------------------------------------------------------~~and ~~AAPL~~the ~~42.50~~person ~~STRIKE~~by ~~PUT~~whom ~~01/2~~it ~~Opt~~is ~~(P)~~signed ~~37833100~~hereby ~~500,000~~represent ~~1,000~~that Xthe ~~n/a~~person ~~n/a~~signing ~~------------------------------------------------------------------------------------------------------------------------------------~~the ~~ADELPHIA~~report ~~BUSINESS~~is ~~SOLUTION~~authorized ~~Cmn~~to ~~6847107~~submit 3it,~~443,344~~ ~~148,500~~that Xall ~~n/a~~information Xcontained ~~------------------------------------------------------------------------------------------------------------------------------------~~herein ~~ALBERTSONS~~is ~~INC~~true, ~~Cmn~~correct ~~13104104~~and 5complete,~~130,475~~ ~~154,300~~and Xthat ~~n/a~~it Xis ~~------------------------------------------------------------------------------------------------------------------------------------~~understood ~~ABBOTT~~that ~~LABS~~all ~~Cmn~~required ~~2824100~~items, 6statements,~~537~~ schedules,~~319~~ ~~146~~lists,~~700~~ Xand ~~n/a X ------------------------------------------------------------------------------------------------------------------------------------ ARMSTRONG HOLDINGS INC Cmn 42384107 2~~tables,~~025,844~~ ~~132,300~~are Xconsidered ~~n/a~~integral Xparts ~~------------------------------------------------------------------------------------------------------------------------------------~~of ~~ACE~~this ~~LTD 8~~form.~~25%~~ ~~FELINE~~Person ~~PRIDE~~Signing ~~Pfd~~this ~~4408209~~Report ~~1,709,400~~on ~~29,600~~Behalf Xof ~~n/a~~Reporting ~~n/a~~Manager: ~~------------------------------------------------------------------------------------------------------------------------------------~~Name: ~~ACTION~~GERALD ~~PERFORMANCE 4~~A.~~75%~~ CBBEESON ~~004933AB3~~Title: ~~1,136,351~~DIRECTOR ~~3,262~~OF XFINANCE ~~n/a~~AND ~~n/a~~ACCOUNTING ~~------------------------------------------------------------------------------------------------------------------------------------~~Phone: ~~ACXIOM~~ (~~OLD MAY & SPEH~~312) ~~CB 577777AA3 9,232,309 6,380 X n/a n/a~~ 696-~~-----------------------------------------------------------------------------------------------------------------------------------~~2121 ~~ANALOG DEVICES INC Cmn 32654105 1~~Signature,~~512,400~~ 19Place,~~900~~ Xand ~~n/a~~Date Xof ~~------------------------------------------------------------------------------------------------------------------------------------~~Signing: ~~AUTODESK INC Cmn 52769106 1~~CHICAGO,~~803,611~~ ~~51,996~~ILLINOIS ~~X n~~10/~~a X ------------------------------------------------------------------------------------------------------------------------------------ ADEPT TECHNOLOGY INC Cmn 6854103 1,168,750 25,000 X n~~18/a00 X______________________________________ -----------------~~-------------------------------------------------------------------------------------------------------------------~~ ~~ADVANTA CORP~~ - ~~CLASS B CB 7942204 707,200 83,200 X n/a n/a~~ -------~~-----------------------------------------------------------------------------------------------------------------------------~~ ~~ADVANCED~~[Signature] ~~ENERGY 5.25% CB 0 007973AA8 8~~[City,~~860,036~~ ~~6,525~~State] X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 49,122,756 ------------------------------------------------------------------------------------------------------------------------------------[Date]

Report Type (Check only one.): [X ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 848 Form 13F Information Table Value Total: $9,355,224 (thousands) List of Other Included Managers: NONE

-------------------------- FORM 13F (SEC USE ONLY) Page 1 of 61 Name of Reporting Manager Citadel Limited Partnership - -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ -- ----------------------- Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared- (c) Managers (a) (b) (c) Class Number Value Principal ~~(a)~~Sole As Defined Shared- See Instr. V ~~(a)~~Sole ~~(b)~~Shared ~~(c)~~None Amount ~~Sole~~ in Instr. V Other ~~Sole Shared None~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~AMC~~AAPL ~~ENTERTAINMENT,~~15.00 ISTRIKE ~~9.5%~~PUT CB01/2 ~~001669AG5~~Opt ~~500~~(P) 037833100 265,~~000~~625 15,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~AMC~~AAPL ~~ENTERTAINMENT~~17.50 ~~Cmn~~STRIKE ~~1669100~~PUT ~~349~~01/2 Opt (P) 037833100 412,~~538~~500 714,~~700~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~AEP~~AAPL ~~INDUSTRIES~~37.50 ~~INC~~STRIKE ~~Cmn~~PUT ~~1031103~~01/2 ~~1,040,300~~Opt 41(P) 037833100 772,~~200~~500 600 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~AMERICAN~~AAPL ~~ELEC~~40.0 ~~PWR~~STRIKE ~~INC~~PUT ~~Cmn~~01/20 ~~25537101~~Opt 2(P) 037833100 3,~~509~~000,~~238~~000 842,~~700~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~AES~~AAPL ~~CORP~~42.50 ~~5.5%~~STRIKE CVPUT ~~PFD~~01/2 ~~Pfd~~Opt ~~1034305~~(P) 5037833100 1,~~015~~725,~~272~~000 611,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~AFFYMETRIX~~ABBOTT ~~5.0%~~LABS CBCmn CB2824100 ~~00826TAB4~~ 2,~~796~~263,~~925~~975 47,600 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ACE LTD 8.25% Pfd 4408209 1,~~900~~842,861 22,600 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~AFLAC~~ACTUANT ~~INC~~CORPORATION Cmn ~~1055102~~00508X104 15,~~731~~906,~~844~~250 371,~~700~~500,000 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~APRIA~~ACXIOM ~~HEALTHCARE~~(OLD ~~GROUP~~MAY ~~Cmn~~& ~~37933108~~SPEH) 15. CB 577777AA3 10,~~078~~351,~~000~~463 886,~~000~~380 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~AMERICAN~~ADC ~~HOME~~TELECOMMUNICATIONS ~~PRODUCTS~~ Cmn ~~26609107~~886101 2493,~~185,500~~201 3718,~~200~~341 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~ATHM~~ADELPHIA ~~20.000~~BUSINESS ~~STRIKE~~SOLUTION ~~PUT~~Cmn ~~Opt~~6847107 ~~(P)~~4,794,694 ~~045919107 215~~405,~~625~~900 ~~500~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~AKAMAI~~ADI ~~TECHNOLOGIES~~70.0 5STRIKE 1PUT 01/2%19/ CBOpt ~~00971TAA9~~(P) 3032654105 1,~~855~~275,~~061~~000 31,~~250~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ AKADOLPH ~~STEEL~~COORS COMPANY Cmn ~~1547108~~217016104 ~~479~~1,~~200~~762,931 5927,900 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~ALGOMA~~ADVANCED ~~STL~~ENERGY ~~LTD~~5.25% ~~Cmn~~CB ~~01566M105~~CB ~~793,100~~007973AA8 ~~793~~430,~~100~~964 475 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~ALKERMES~~ADVANCED ~~INC~~MICRO DEVICES Cmn ~~01642T108~~7903107 3,~~058~~642,~~413~~975 64154,~~900~~200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 2538,~~608~~939,~~015~~939 ------------------------------------------------------------------------------------------------------------------------------------

-------------------------- FORM 13F (SEC USE ONLY) Page 2 of 61 Name of Reporting Manager Citadel Limited Partnership - -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ --------- ----------------- Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared- (c) Managers (a) (b) (c) Class Number Value Principal ~~(a)~~ Sole As Defined ~~(c)~~ Shared- See Instr. V ~~(a)~~Sole ~~(b)~~Shared ~~(c)~~None Amount in Instr. V Other ~~Sole Shared None~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~MICRO~~ADVANTICA ~~CIRCUITS~~RESTAURANT ~~CORP~~GRP Cmn ~~03822W109~~00758B109 ~~493~~152,~~750~~534 5256,~~000~~900 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~AMER~~AEP ~~CLASSIC~~INDUSTRIES ~~VOYAGES~~INC 7%Cmn ~~Pfd~~1031103 ~~1648203 840~~770,~~996~~381 2022,~~000~~700 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~ADVANCED~~AES ~~MICRO~~CORP. ~~DEVICES 6~~5.5% CBCV ~~007903AC1~~PFD 19Pfd 1034305 7,~~499~~451,~~026~~760 961,~~030~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~AMKOR~~AES ~~TECH.~~CORPORATION 59.375% CB ~~03/15/07~~00104CAA6 ~~CB 031652AF7 856~~502,~~914~~500 ~~940~~500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~AMR~~AGILENT ~~CORPORATION~~TECHNOLOGIES INC Cmn ~~1765106~~00846U101 21,~~146~~054,~~725~~946 8121,~~200~~557 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~AMERICAN~~ALBERTO ~~MANAGEMENT~~CULVER ~~SYST~~CO Cmn ~~27352103~~13068101 ~~773~~221,~~956~~856 237,~~576~~700 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~AMERICAN~~ALBERTSONS ~~TOWER~~INC ~~2.25%~~Cmn ~~OID~~13104104 ~~CB 029912AD4 176~~2,~~298~~310,~~121~~000 ~~135~~110,~~945~~000 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~AMERITRADE~~ALGOMA ~~5.75%~~STL CBLTD CBCmn ~~03072HAB5~~01566M105 19497,~~692,069~~125 32795,~~040~~400 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~AMZN~~ALKERMES 63.~~875~~75% CB CB ~~023135106~~01642TAB4 5514,~~021~~767,~~881~~876 8919,~~285~~750 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~ANDREW~~ALLEGHENY ~~CORP~~ENERGY INC Cmn ~~34425108~~17361106 1885,~~934,878~~950 5723,~~650~~200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~ANTEC~~ALLERGAN ~~CORP~~INC ~~4.5%~~Cmn CB18490102 ~~CB 03664PAB1 23~~3,~~788~~774,~~076~~356 1344,~~250~~700 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~AUTONATION~~ALLIANCE ~~INC~~CAPITAL MGMT Cmn ~~05329W102~~01855A101 ~~674~~796,~~469~~988 9515,~~500~~900 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~AON~~ALLIED ~~CORP~~RISER ~~Cmn~~COMMUNICATION ~~37389103~~CB 019496AA6 1,~~798~~200,~~519~~000 572,~~900~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~AOL~~ALLIED 45WASTE 7.0875% ~~STRIKE~~SR. ~~PUT~~CB ~~01/20/~~01958XAM9 ~~Opt (P) 02364J104 725~~4,895,000 25,~~000~~500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~304~~39,~~544~~281,~~379~~272 ------------------------------------------------------------------------------------------------------------------------------------

-------------------------- FORM 13F (SEC USE ONLY) Page 3 of 61 Name of Reporting Manager Citadel Limited Partnership - -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ --------- ---------------- Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared- (c) Managers (a) (b) (c) Class Number Value Principal ~~(a)~~ Sole As Defined ~~(c)~~ Shared- See Instr. V ~~(a)~~Sole ~~(b)~~Shared ~~(c)~~None Amount in Instr. V Other ~~Sole Shared None~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~AOL~~ALLIED 0%WASTE CBINDS CBINC ~~02364JAC8~~Cmn ~~259~~19589308 1,~~952~~711,~~891~~631 ~~515~~186,~~750~~300 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~AOL~~ALTERA ~~52.500~~CORP ~~STRIKE~~Cmn ~~PUT~~21441100 ~~01/2 Opt (P) 02364J104 2~~4,~~081~~830,~~250~~247 3101,~~000~~157 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~AOL~~ALTR 5735.~~5000~~0 STRIKE PUT 01/20 Opt (P) ~~02364J104~~21441100 1231,~~937,500~~250 21,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~AOL~~ALTR 5540.~~000~~0 STRIKE PUT 01/219 Opt (P) ~~02364J104~~21441100 ~~818~~1,~~750~~012,500 1,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~AOL~~ALTR 7042.005 STRIKE PUT 01/2019 Opt (P) ~~02364J104~~21441100 51,~~625~~150,000 31,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~AOL~~AMAT 7560.~~000~~0 STRIKE PUT 01/219 Opt (P) ~~02364J104~~038222105 ~~462~~773,500 ~~200~~520 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~AOL~~AMBAC ~~70.000~~FINANCIAL ~~STRIKE~~GROUP ~~PUT~~Cmn ~~07/2~~23139108 ~~Opt (P) 02364J104 2~~871,~~587,500~~675 111,~~500~~900 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~AIR~~AMD ~~PRODS~~15.0 &STRIKE ~~CHEMS~~PUT ~~INC~~01/20/ ~~Cmn~~Opt ~~9158106~~(P) 3007903107 231,~~133,631~~250 ~~101~~2,~~700~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~APGR~~AMD 925.030 STRIKE ~~09/~~PUT 01/0019/ WtOpt ~~39381116~~(P) ~~105~~007903107 2,~~469~~418,750 ~~112~~3,~~500~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~ARCH~~AMDOCS ~~COMMUNICATIONS~~TRACES ~~GROUP~~6.75% ~~Cmn~~Pfd ~~39381504~~02342R202 212,~~640~~383,~~625~~000 ~~406~~232,~~250~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~AMPHENOL~~AMER ~~CORP~~CLASSIC ~~Cmn~~VOYAGES ~~32095101~~7% 2Pfd 1648203 644,~~376,131~~891 3520,~~900~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~ATML~~AMER ~~40.000~~SKIING ~~STRIKE~~CO ~~PUT~~Cmn ~~08/~~29654308 ~~Opt (P) 049513104 625~~356,~~000~~563 1163,000 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~ALLIED~~AMERADA ~~RISER~~HESS ~~COMMUNICATION~~CORP Cmn ~~019496AA6~~23551104 25,~~531~~462,~~250~~100 281,~~500~~600 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~ARROW~~AMERICAN ~~ELEC.~~EXPRESS CO Cmn ~~42735100~~25816109 ~~861~~1,~~800~~038,825 2717,~~800~~100 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~285~~33,~~739~~116,~~298~~182 ------------------------------------------------------------------------------------------------------------------------------------

~~FORM 13F~~ -------------------------- FORM 13F (SEC USE ONLY) Page 4 of 61 Name of Reporting Manager Citadel Limited Partnership ~~(SEC~~- ~~USE~~-- ~~ONLY)~~ --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ --------- ---------------- Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c) Class Number Value Principal ~~(a)~~ Sole As Defined ~~(c)~~ Shared- See Instr. V ~~(a)~~Sole ~~(b)~~Shared ~~(c)~~None Amount in Instr. V Other ~~Sole Shared None~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~ASPECT~~AMERICAN ~~TELECOM~~GREETINGS ~~INC~~CORP 0%Cmn CB26375105 CB763,000 ~~045237AB0 365~~43,~~625~~600 ~~900~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~ASPECT~~AMERICAN ~~TELECOM~~HOME ~~INC~~PRODUCTS 0%Cmn CB26609107 ~~CB 045237AE4 26~~3,~~448~~557,~~701~~781 6462,~~890~~900 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~AUSPEX~~AMERICAN ~~SYSTEMS~~INTL GROUP INC Cmn ~~52116100~~26874107 ~~544~~282,~~927~~278 ~~110~~2,~~365~~950 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~ACTIVE~~AMERICAN ~~SOFTWARE~~PWR ~~INC~~CNVRSION Cmn ~~00504E100~~29066107 112,~~893~~032,~~956~~705 ~~153~~105,~~100~~939 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ATAMERICAN ~~HOME~~TOWER ~~CORP~~ 2.~~5246~~25% CBOID CB ~~045919AC1~~029912AD4 20163,~~315~~013,~~944~~009 44135,~~801~~945 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~ATMEL~~AMERITRADE ~~CORP 0~~5.75% CB CB ~~049513AB0~~03072HAB5 420,~~921~~713,~~950~~901 428,~~710~~440 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~ATML~~AMES ~~CORP~~DEPARTMENT 0%STORES CBCmn CB30789507 ~~049513AC8 160~~1,~~767~~728,~~238~~016 ~~153~~298,~~016~~900 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~ALLTEL~~AMES ~~CORP~~DEPT ~~Cmn~~STORES ~~20039103~~INC ~~557~~10% CB 030789AM3 1,~~438~~960,000 94,000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~ACTIVISION~~AMKOR TECHNOLOGY, INC Cmn ~~4930202~~31652100 ~~241~~1,~~150~~875,775 3771,~~100~~800 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~AGILENT~~AMPHENOL ~~TECHNOLOGIES~~CORP ~~INC~~ Cmn ~~00846U101~~32095101 12,~~018~~362,~~266~~906 1341,~~807~~500 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~AVISTA~~AMR ~~CORP~~CORPORATION Cmn ~~05379B107~~1765106 ~~786~~300,~~431~~725 459,~~100~~200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~AVIALL~~AMT ~~INC~~30.000 ~~Cmn~~STRIKE ~~05366B102~~CALL ~~383,150~~01 77Opt (Call) 029912201 387,~~600~~500 400 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~AVL~~AMT 730.5000 STRIKE ~~PUT~~CALL ~~09/16/~~01 Opt (PCall) ~~05366B102~~029912201 ~~251~~442,~~550~~500 ~~936~~300 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~AVERY~~AMT ~~DENNISON~~30.000 ~~CORP~~STRIKE ~~Cmn~~PUT ~~53611109~~01 1Opt (Put) 029912201 493,~~369,350~~750 201,~~400~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~229~~199,~~865~~913,~~676~~846 ------------------------------------------------------------------------------------------------------------------------------------

~~FORM 13F~~ ------------------------- FORM 13F (SEC USE ONLY) Page 5 of 61 Name of Reporting Manager Citadel Limited Partnership ~~(SEC~~- ~~USE~~-- ~~ONLY)~~ --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ----------------------- ---------- ---------------- Managers (a) (b) (c) Name of Issuer Title of CUSIP Fair Maket Shares of (a) (b) Shared ~~Managers~~(c) See Instr. Sole Shared None Class Number Value Principal ~~(a)~~ Sole As Defined ~~(c)~~ Shared- ~~See Instr.~~ V ~~(a) (b) (c)~~ Amount in Instr. V Other ~~Sole Shared None~~ ------------------------------------- ----------------------------------------------------------------------------------------------- ~~ALLIED~~AMT ~~WASTE 7~~40.~~875%~~000 ~~SR.~~STRIKE CBCALL ~~01958XAM9~~01/ ~~4,675,000~~Opt 5(Call) 029912201 251,~~500~~250 600 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~ALLIED~~AMTD ~~WASTE~~10.000 ~~INDS~~STRIKE ~~INC~~PUT ~~Cmn~~01/ ~~19589308~~Opt 2(Put) 03072H109 1,~~393~~303,~~000~~750 ~~239~~7,~~300~~450 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~ANIXTER~~AMTD ~~INTERNATIONAL~~15.0 ~~INC~~STRIKE ~~Cmn~~PUT ~~35290105~~01/19 ~~747~~Opt (Put) 03072H109 418,~~300~~750 281,~~200~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~AXA~~AMTD ~~FINANCIAL~~16.625 ~~Cmn~~STRIKE ~~2451102~~PUT 401/ Opt (Put) 03072H109 919,~~491,400~~125 ~~132~~3,~~100~~420 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~AMERICAN~~AMTD ~~EXPRESS CO~~20.0 ~~Cmn~~STRIKE ~~25816109~~PUT 401/19 Opt (Put) 03072H109 737,~~164,788~~500 791,~~900~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~AUTOZONE~~AMZN ~~INC~~25.000 ~~Cmn~~STRIKE ~~53332102~~PUT 201/ Opt (Put) 023135106 1,~~043~~075,~~800~~000 922,~~900~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~ASPEN~~AMZN ~~TECH~~30.0 ~~5.25.%~~STRIKE CBPUT CB01/19 ~~045327AB9~~Opt 41(Put) 023135106 3,~~827~~100,~~308~~000 424,~~276~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~BAANF~~AMZN ~~COMPANY N~~40.V.0 CBSTRIKE CBPUT ~~056072AB7~~01/19 Opt (Put) 023135106 2,~~436~~687,~~000~~500 2,~~800~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~BAC~~AMZN ~~35.000~~45 STRIKE PUT 0104/21/2 Opt (PPut) ~~060505104~~023135106 ~~406~~1,306,250 21,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~BAC~~AMZN 45.~~000~~0 STRIKE ~~PUT~~CALL 0104/2 Opt (PCall) ~~060505104~~023135106 ~~363~~393,750 ~~600~~500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~BANKAMERICA~~AMZN ~~CORP~~45.0 ~~Cmn~~STRIKE ~~60505104~~PUT 101/19 Opt (Put) 023135106 4,~~978~~109,~~000~~375 462,~~000~~500 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~BED~~AMZN ~~BATH~~50.00 &STRIKE ~~BEYOND~~PUT ~~INC~~01/2 ~~Cmn~~Opt ~~75896100~~(Put) 2023135106 4,~~989~~764,~~864~~375 823,~~479~~300 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~BURR-BROWN~~AMZN ~~CORP~~55.000 ~~Cmn~~STRIKE ~~122574106~~PUT 9801/ Opt (Put) 023135106 5,~~783~~290,~~874~~313 12,~~139,540~~850 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~BB&T~~AMZN ~~CORP~~60.0 ~~Cmn~~STRIKE ~~54937107~~CALL 04/2 Opt (Call) 023135106 443,~~435,250~~750 ~~102~~1,000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~169~~26,~~735~~800,~~583~~688 ------------------------------------------------------------------------------------------------------------------------------------

------------------------- FORM 13F (SEC USE ONLY) Page 6 of 61 Name of Reporting Manager Citadel Limited Partnership - -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ -------- ----------------- Managers (a) (b) (c) Name of Issuer Title of ~~Class~~ CUSIP Fair Maket Shares of (a) (b) Shared ~~Managers~~(c) See Sole Shared None Class Number Value Principal ~~(a)~~ Sole As Defined ~~(c)~~ Shared- ~~See~~Instr. ~~(a)~~V ~~(b) (c)~~ Amount in Instr. V Other ~~Instr. V Sole Shared None~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~BIOCHEM~~AMZN ~~PHARMA~~70.000 ~~INC~~STRIKE ~~Cmn~~PUT ~~09058T108~~01/ ~~313~~Opt (Put) 023135106 3,~~107~~187,500 121,~~715~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~BRUNSWICK~~AMZN ~~CORP~~75.000 ~~Cmn~~STRIKE ~~117043209~~PUT ~~907,625~~01/ 54Opt (Put) 023135106 1,~~800~~831,250 500 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~BUDGET~~ANALOG ~~GROUP~~DEVICES INC Cmn ~~119003101~~32654105 ~~990~~22,~~825~~523,050 ~~240~~272,~~200~~800 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~BECTON~~ANC ~~DICKINSON~~RENT &CORP CO Cmn ~~75887109~~1813104 468,~~268,700~~638 ~~148~~11,~~800~~937 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~BEAS~~ANDREW ~~SYSTEMS~~CORP 4%Cmn CB34425108 ~~CB 073325AD4 7~~213,~~917,817~~428 58,~~005~~150 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ BEANIXTER ~~AEROSPACE~~INTERNATIONAL INC Cmn ~~73302101~~35290105 2958,~~343,000~~213 ~~340~~32,~~800~~900 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~BECKMAN~~ANNTAYLOR ~~COULTER~~STORES ~~INC~~CORP Cmn ~~75811109~~36115103 1722,~~301,763~~625 2218,~~300~~800 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~BROWN~~-~~FORMAN~~ ~~-CL~~ANTEC BCORP ~~Cmn~~4.5% ~~115637209~~CB ~~381~~DUE CB 03664PAB1 17,~~625~~388,552 713,~~100~~250 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~BESTFOODS,~~AOL ~~INC.~~0% ~~Cmn~~CB ~~08658U101~~CB 4202364JAC8 293,~~616~~037,~~450~~362 ~~615~~575,~~400~~750 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~BAKER~~AOL ~~HUGHES~~45.0 ~~Cmn~~STRIKE ~~57224107~~PUT 201/20/ Opt (Put) 02364J104 335,~~739,200~~000 852,~~600~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ BJAOL ~~SERVICES~~45.000 COSTRIKE CBPUT ~~55482103~~01/1 ~~762~~Opt (Put) 02364J104 520,~~500~~000 121,~~200~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~BOOKHAM~~AOL ~~TECHNOLOGY~~50.0 ~~PLC~~STRIKE ~~Cmn~~PUT ~~09856Q108~~01/19/ ~~296~~Opt (Put) 02364J104 4,~~250~~230,000 56,000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~RBAK~~AOL ~~120~~52.0500 STRIKE ~~CALL~~PUT 1001/2 Opt (CPut) ~~757209101~~02364J104 1,~~442~~245,~~500~~000 ~~200~~3,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~RBAK~~AOL ~~140~~55.0 STRIKE ~~CALL~~PUT 1001/19/ Opt (CPut) ~~757209101~~02364J104 71,~~712~~870,000 12,~~200~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 73348,~~406~~130,~~361~~617 ------------------------------------------------------------------------------------------------------------------------------------

-------------------------- FORM 13F (SEC USE ONLY) Page 7 of 61 Name of Reporting Manager Citadel Limited Partnership - -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ -------- ----------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Maket Shares of (ba) ~~Shared Managers Number Value Principal~~ (ab) ~~Sole~~Shared ~~As Defined~~ (c) ~~Shared-~~Managers ~~See~~ (a) (b) (c) ~~Amount~~Class inNumber ~~Instr.~~Value VPrincipal ~~Other~~Sole As Defined Shared- See Instr. V Sole Shared None Amount in Instr. V Other ------------------------------------------------------------------------------------------------------------------------------------ ~~BMC~~AOL ~~SOFTWARE~~55.000 ~~INC~~STRIKE ~~Cmn~~PUT ~~55921100~~ 01/2 Opt (Put) 02364J104 540,~~865,446~~000 781,~~539~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~BEMIS~~AOL ~~INC~~57.5000 ~~Cmn~~STRIKE ~~81437105~~PUT ~~517~~01/ Opt (Put) 02364J104 1,~~825~~360,000 152,~~400~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~BRISTOL~~AOL ~~MYERS~~70.00 ~~SQUIBB~~STRIKE COPUT ~~Cmn~~01/20 ~~110122108~~Opt 7(Put) 02364J104 4,~~898~~950,~~700~~000 ~~135~~3,~~600~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~BOWATER,~~AOL ~~INC~~75.000 ~~Cmn~~STRIKE ~~102183100~~PUT ~~578,038~~01/2 13Opt (Put) 02364J104 424,~~100~~000 200 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~BURLINGTON~~AON ~~RES~~CORP ~~INC~~ Cmn ~~122014103~~37389103 2,~~325~~107,~~600~~725 6053,~~800~~700 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SALOMON~~APACHE ~~(BROADWING~~CORP ~~INC)~~Cmn 6.37411105 ~~Pfd 79549B867 18~~1,~~841~~625,~~525~~938 ~~146~~27,~~200~~500 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~BOSTON~~APGR ~~SCIENTIFIC~~9.03 ~~CORP~~STRIKE ~~Cmn~~09/01/200 ~~101137107~~Wt 239392113 70,~~911,106~~313 ~~132~~112,~~700~~500 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~BIO~~APPLE ~~TECHNOLOGY~~COMPUTER ~~GENERAL~~INC 95 Cmn ~~90578105~~37833100 ~~416~~10,~~804~~135,071 31393,~~606~~595 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~LAIDLAW~~APPLIED ~~INC~~MATERIAL ~~11.500%~~Cmn ~~04/15~~38222105 ~~CB 398048AH1 1~~4,~~872~~180,~~000~~345 270,~~600~~480 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~BIOVAIL~~APRIA ~~CORPORATION~~HEALTHCARE ~~6.75%~~GROUP ~~Pfd~~Cmn ~~09067J208~~37933108 71,~~033~~644,~~292~~625 ~~130~~118,000 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~BANCWEST~~ARCH ~~CORP~~WIRELESS INC Cmn ~~59790105~~39392105 ~~215~~1,~~331~~980,750 13396,~~100~~150 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~BEYOND.COM~~ARMSTRONG ~~7.25%~~HOLDINGS CBINC CBCmn ~~08860EAA9~~42384107 63,~~715~~432,~~896~~031 32287,~~687~~500 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~CONAGRA~~ARTESYN TECHNOLOGIES INC Cmn ~~205887102~~43127109 4920,~~580,719~~670 ~~240~~31,~~300~~611 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~CARDINAL~~ASHLAND ~~HEALTH,~~ INC. Cmn ~~14149Y108~~44204105 1879,~~302,400~~244 1726,~~600~~100 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 5834,~~074~~250,~~682~~712 ------------------------------------------------------------------------------------------------------------------------------------

-------------------------- FORM 13F (SEC USE ONLY) Page 8 of 61 Name of Reporting Manager Citadel Limited Partnership - -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ ---------- ---------------- Name of Issuer Title of ~~Class~~ CUSIP Fair ~~Market~~Maket Shares of (ba) ~~Shared Managers Number Value Principal~~ (ab) ~~Sole~~Shared ~~As Defined~~ (c) ~~Shared-~~Managers ~~See~~ (a) (b) (c]) ~~Amount~~Class inNumber ~~Instr.~~Value VPrincipal ~~Other~~Sole As Defined Shared- See Instr. V Sole Shared None Amount in Instr. V Other ------------------------------------------------------------------------------------------------------------------------------------ ~~CATERPILLAR~~ASPECT TELECOM INC ~~Cmn~~0% ~~149123101~~CB ~~4,447,788~~CB ~~131~~045237AB0 264,~~300~~375 900 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~CABOT~~ASPECT ~~CORP~~TELECOM ~~Cmn~~INC ~~127055101~~0% 11CB CB 045237AE4 7,~~049~~575,~~875~~813 ~~405~~25,~~500~~790 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~CROWN~~ASPEN ~~CORK~~TECH. &5.25.% ~~SEAL~~CB ~~INC~~CB ~~Cmn~~045327AB9 ~~228255105 504~~47,~~000~~950,099 3346,~~600~~026 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~CIRCUIT~~AT ~~CITY~~HOME ~~STORES~~CORP ~~INC~~ Cmn ~~172737108~~45919107 6628,~~591,038~~563 ~~198~~44,~~600~~500 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~CENDANT~~AT&T ~~CORP~~CANADA ~~RIGHTS~~INC -CL B Cmn ~~151313111~~00207Q202 ~~253~~14,~~125~~640,000 30480,000 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~COMDISCO~~AT&T ~~INC~~ Cmn ~~200336105~~1957109 612,~~037~~858,~~763~~172 ~~270~~437,~~600~~725 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~CENDANT~~AT&T CORP ~~Cmn~~6.25% ~~151313103~~Pfd 158440J401 32,~~045~~379,~~800~~366 74388,~~700~~300 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~CONCORD~~ATHM ~~EFS~~20.000 ~~INC~~STRIKE ~~Cmn~~PUT ~~206197105~~01 ~~1,152,424~~Opt 44(Put) 045919107 328,~~324~~125 500 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~BRIGHTPOINT~~ATLAS 0%AIR ~~OID~~INC CBCmn ~~109473AA6~~49164106 ~~567~~1,~~625~~039,350 124,~~900~~600 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~BRIGHTPOINT~~ATMEL CORP 0% ~~OID~~CB CB ~~109473AC2~~049513AB0 4,~~509~~191,~~394~~900 144,~~709~~710 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~CERIDIAN~~ATML CORP. ~~Cmn~~0% ~~15677T106~~CB 2CB 049513AC8 136,~~476~~184,~~031~~240 ~~102~~153,~~900~~016 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~CEPHALON~~ATWOOD ~~7.25%~~OCEANICS ~~PFD~~Cmn ~~Pfd~~50095108 ~~156708307 627~~633,~~321~~650 315,~~700~~200 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~CHARTER~~AUTONATION ~~ONE FINL~~ INC Cmn ~~160903100~~05329W102 ~~570~~633,~~400~~000 24105,~~800~~500 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~ATLAS~~AVERY ~~AIR~~DENNISON ~~INC~~CORP Cmn ~~49164106~~53611109 ~~703~~3,~~150~~301,900 1971,~~600~~200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 40262,~~535~~608,~~733~~552 ------------------------------------------------------------------------------------------------------------------------------------

-------------------------- FORM 13F (SEC USE ONLY) Page 9 of 61 Name of Reporting Manager Citadel Limited Partnership - -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ ---------- ---------------- Name of Issuer Title of CUSIP Fair ~~Market~~Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c) Class Number Value Principal ~~(a)~~ Sole As Defined ~~(c)~~ Shared- See ~~(a)~~Instr. ~~(b)~~V ~~(c]~~Sole Shared None Amount in Instr. V Other ~~Instr. V Sole Shared None~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~COASTAL~~AVIS ~~CORP~~GROUP ~~6.625%~~HOLDINGS ~~PFD~~INC ~~Pfd~~Cmn ~~190441865~~53790101 1367,~~605,450~~350 4612,~~200~~400 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~COLUMBIA~~AVISTA ~~ENERGY~~CORP ~~GROUP~~ Cmn ~~197648108~~05379B107 22596,~~095,938~~250 ~~336~~26,~~700~~500 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~CHEVRON~~AWE ~~Cmn~~35.0 ~~166751107~~STRIKE 20PUT 10/21/ Opt(Put) 001957406 2,~~448~~837,~~294~~500 ~~241~~2,~~100~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~CARMIKE~~AXA ~~CINEMAS~~87.000 ~~INC~~STRIKE ~~-CL~~PUT A10/1 ~~Cmn~~Opt(Put) ~~143436103~~2451102 ~~320~~2,~~463~~789,063 821,~~700~~250 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SEACOR~~AXA ~~HLDGS~~91.000 ~~INC~~STRIKE ~~Cmn~~PUT ~~811904101~~10/1 ~~309~~Opt(Put) 2451102 3,~~500~~841,625 81,~~000~~460 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~CHECKPOINT~~AXA ~~SYSTEMS~~FINANCIAL ~~5.25%~~Cmn CB2451102 ~~179584107 634~~30,~~116~~924,156 1607,~~000~~100 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~CLAIRES~~AXA ~~STORES~~SPONS ~~INC~~ADR Cmn ~~179584107~~54536107 ~~544~~6,~~775~~902,156 28106,~~300~~700 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~CLOROX~~BALL COCORP Cmn ~~189054109~~58498106 1202,~~859,719~~800 416,~~500~~400 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~CHASE~~BANK ~~MANHATTAN~~OF ~~BANK~~NEW YORK Cmn ~~16161A108~~64057102 ~~921~~6,~~250~~026,719 20107,~~000~~500 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ CBANKAMERICA ~~45.000~~CORP ~~STRIKE~~Cmn ~~PUT~~60505104 ~~01/20/ Opt (P) 172967101 963~~544,~~281~~700 610,~~850~~400 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ BARD C ~~50.000~~R ~~STRIKE~~INC ~~PUT~~Cmn ~~01/20/~~67383109 ~~Opt (P) 172967101 682~~1,~~500~~470,300 234,800 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ CBARR ~~55.000~~LABORATORIES ~~STRIKE~~INC ~~PUT~~Cmn ~~01/20/~~68306109 ~~Opt~~2,188,313 ~~(P) 172967101 225~~33,000 ~~600~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ CBARRICK ~~60.000~~GOLD ~~STRIKE~~CORP ~~PUT~~Cmn ~~01/20/~~67901108 ~~Opt (P) 172967101 296~~762,~~875~~ 500 50,000 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~CUMULUS~~BAXTER ~~MEDIA~~INTL INC Cmn ~~231082108~~71813109 ~~839~~8,~~500~~771,394 92109,~~000~~900 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 5168,~~746~~224,~~659~~825 ------------------------------------------------------------------------------------------------------------------------------------

-------------------------- FORM 13F (SEC USE ONLY) Page 10 of 61 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ ------- ------------------ Name of Issuer Title of CUSIP Fair ~~Market~~Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c) Class Number Value Principal ~~(a)~~ Sole As Defined ~~(c)~~ Shared- See Instr. V ~~(a)~~Sole ~~(b)~~Shared ~~(c)~~None Amount in Instr. V Other ~~Sole Shared None~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~CREDENCE~~BE ~~SYS.~~AEROSPACE ~~REG~~INC ~~5.25%~~Cmn CB73302101 ~~225302AC2 36~~4,~~712~~239,~~241~~263 22262,~~233~~900 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~CMS~~BEAR ~~ENERGY~~STEARNS ~~8.75%~~COMPANIES CVINC ~~PFD~~Cmn ~~Pfd~~73902108 ~~125896308 2~~4,~~787~~548,~~438~~600 ~~103~~72,~~000~~200 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~COMVERSE~~BEAS ~~TECH 4~~60.5%0 CBSTRIKE CBPUT ~~205862AF2~~03/17 ~~697~~Opt(Put) 073325102 1,~~790~~912,500 ~~160~~3,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~COMVERSE~~BEAS ~~TECH~~SYSTEMS 4.5% CB DUE 12/ CB ~~205862AG0~~073325AD4 19240,~~137~~835,~~412~~283 4102,~~390~~100 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~CAREMARK~~BECKMAN RXCOULTER INC ~~6.5%~~Cmn ~~DEBT~~75811109 ~~Pfd 58503X206 3~~339,~~374,800~~350 ~~377~~4,~~600~~400 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~CONSECO~~BECTON ~~INC~~DICKINSON ~~6.8%~~& ~~6/15/05~~CO CBCmn ~~20846NAB1~~75887109 1,~~980~~395,~~000~~900 352,~~000~~800 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~CONSECO,~~BEMIS INC. ~~8.796%~~Cmn ~~04/01~~81437105 ~~CB 20846JAA2 1~~700,~~540,000~~325 321,~~500~~800 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~CONSECO,~~BERGEN ~~INC.~~BRUNSWIG 9%CORP ~~10/15/200~~Cmn CB83739102 ~~208464AR8 3~~494,~~740,000~~381 542,~~500~~300 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~CNET NETWORKS INC~~BEYOND.COM 510.00875% CB CB ~~125945AA3~~08860EAB7 ~~731~~5,~~816~~071,500 ~~860~~20,700 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~CNET~~BIOVAIL ~~NETWORKS~~CORPORATION ~~INC~~6. ~~5.00~~75% CBPfd CB09067J208 ~~125945AC9 22~~21,~~039~~545,~~083~~657 25289,~~890~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~CONSOLIDATED~~BJ ~~STORES~~SERVICES ~~CORP~~CO CB Cmn ~~210149100~~55482103 ~~368~~4,~~400~~242,075 3069,~~700~~400 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~CONEXANT~~BLACK ~~SYSTEMS~~BOX ~~4.25%~~CORP CBCmn CB91826107 ~~207142AA8 7~~773,~~551,761~~975 316,~~420~~600 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~CONEXANT~~BLOCK ~~SYSTEMS~~H ~~4.25%~~& CBR CBINC ~~207142AB6~~Cmn ~~205~~93671105 2,~~914~~683,~~502~~325 9372,~~240~~400 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~CONEXANT~~BMC ~~SYSTEMS~~SOFTWARE 4%INC CBCmn CB55921100 ~~207142AF7 1~~208,~~698,498~~730 210,~~190~~914 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~308~~288,~~273~~990,~~742~~864 ------------------------------------------------------------------------------------------------------------------------------------

--------------------------------- ~~FORM 13F~~ (SEC USE ONLY) FORM 13F Page 11 of 61 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Investment Voting Authority Item 1: Item 2: Item 3: Item 4: Item 5: ~~Investment~~ Discretion Item 7: ~~Voting Authority~~ (Shares) ------------------------~~-------~~ ------------------- Name of Issuer Title of Class CUSIP Fair ~~Market~~Maket Shares of (b) Shared (c) Managers ~~Class~~(a) (b) (c) Number Value Principal (a) ~~Sole~~ As Defined ~~(c)~~ Shared- See Instr. V ~~(a)~~Sole ~~(b)~~Shared ~~(c)~~None Amount Sole in Instr. V Other ~~Sole Shared None~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~CORECOMM~~BOSTON 6%SCIENTIFIC CBCORP ~~DUE~~Cmn ~~10/1/06~~101137107 ~~CB 21869NAC9 6~~1,~~644~~152,~~138~~269 770,~~670~~100 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ 3BOWATER, ~~COM~~INC. ~~CORP~~ Cmn ~~885535104~~102183100 461,~~647~~648,~~438~~531 ~~809~~35,500 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~CONVERGENT~~BRIGGS ~~COMMUNICATIONS~~& STRATTON CORP Cmn ~~211914403~~109043109 82839,~~400~~438 1022,~~300~~200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~COVAD~~BRIGHTPOINT ~~COMMUNICATIONS~~0% ~~GROUP~~OID ~~Cmn~~CB ~~222814204~~109473AC2 1335,~~419,~~000 881,~~000~~340 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~COX~~BRINKER ~~EXCHG~~INTL ~~0.4259%~~INC ~~INTO~~Cmn ~~PCS~~109641100 ~~CB 224044AX5 111~~1,~~790~~650,~~625~~850 ~~215~~54,~~500~~800 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~COX~~BROWN-FORMAN ~~COMMS~~-CL 7%B ~~FELINE~~Cmn ~~PRIDES~~115637209 ~~Pfd 224044305 6~~394,~~220,870~~200 957,~~500~~200 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~COX~~BRUNSWICK ~~COMMUNICATIONS~~CORP ~~7.75%~~Cmn ~~PFD~~117043109 ~~Pfd 224044503 165~~644,~~379,913~~225 135,~~502,600~~300 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~CAMPBELL~~BUDGET ~~SOUP~~GROUP CO Cmn ~~134429109~~119003101 4775,~~185,263~~775 ~~143~~200,~~700~~200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~COMPAQ~~BURLINGTON ~~COMPUTER~~RES ~~CORP~~INC Cmn ~~204493100~~122014103 42,~~568~~488,~~019~~525 ~~178~~67,~~700~~600 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~COMPUWARE~~BVF ~~CORP~~25.0 ~~Cmn~~STRIKE ~~205638109~~CALL ~~997,971~~10/2 96Opt (Call) 09067J109 472,~~190~~500 150 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~NETA~~C 3045.~~000~~0 STRIKE PUT 01/19/20 Opt (PPut) ~~640938106~~172967101 ~~834~~465,~~375~~500 ~~750~~1,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~NETA~~C 4045.000 STRIKE PUT 01/19 Opt (PPut) ~~640938106~~172967101 4687,~~968,750~~500 2,~~500~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~NETA~~CABLEVISION ~~45.000~~SYSTEMS ~~STRIKE~~-CL ~~PUT~~A ~~01/~~Cmn ~~Opt~~12686C109 ~~(P) 640938106 1~~2,~~231~~122,~~250~~000 ~~500~~32,000 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~CMVT~~CABOT ~~85.0~~CORP ~~STRIKE~~Cmn ~~PUT~~127055101 10~~/21~~,783,256 ~~Opt (P) 205862402 370~~340,~~000~~300 ~~400~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~355~~24,~~340~~459,~~010~~569 ------------------------------------------------------------------------------------------------------------------------------------

--------------------------------- (SEC USE ONLY) FORM 13F Page 12 of 61 Name of ~~reporting~~Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Investment Voting Authority Item 1: Item 2: Item 3: Item 4: Item 5: ~~Investment~~ Discretion Item 7: (Shares) ------------------------~~------~~ -------------------- ~~Shares of (b) Shared~~ Name of Issuer Title of CUSIP Fair ~~Market~~Maket ~~Principal~~Shares of (ab) ~~Sole~~Shared As(c) ~~Defined~~Managers Class Number Value Principal (ca) As Defined Shared- ~~Managers~~See Instr. V (a) (b) (c) ~~Class Number Value~~ Amount Sole in ~~Intr~~Instr. V Other ~~See Intr. V~~ Sole Shared None ------------------------------------------------------------------------------------------------------------------------------------ ~~CHARLES~~CALPINE ~~RIVER~~5.5% ~~LABORATORIES~~MIPS ~~Cmn~~DUE ~~159864107~~ 2/1/ Pfd 13134E309 22,~~109~~656,~~375~~125 50211,000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~CRANE~~CAMPBELL SOUP CO Cmn ~~224399105~~134429109 ~~488~~1,~~681~~637,888 2063,~~100~~300 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~CISCO~~CANADIAN ~~SYS~~PAC ~~INC~~LTD NEW Cmn ~~17275R102~~135923100 181,~~706~~562,~~126~~600 ~~294~~60,~~295~~100 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~CINTAS~~CARDINAL ~~CORP~~HEALTH, INC. Cmn ~~172908105~~14149Y108 17,~~814~~381,~~307~~294 4983,~~453~~700 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~CTS~~CAREMARK ~~CORP~~RX INC Cmn ~~126501105~~141705103 1562,~~287~~500 50,000 ~~28,600~~ X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~CITRIX~~CARLISLE ~~SYS~~COS INC 0%Cmn ~~DUE~~142339100 ~~3/22 CB 177376AA8 2~~597,~~553,221~~600 714,~~080~~400 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~CITRIX~~CARNIVAL ~~SYS~~CORP 0%Cmn CB143658102 ~~DUE 3/22/ CB 177376AB6 135~~253,~~851,880~~638 ~~376~~10,~~646~~300 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~C-CUBE~~CATALINA ~~MICROSYSTEMS~~MARKETING ~~INC~~CORP (N Cmn ~~12501N108~~148867104 41,~~072~~113,~~188~~700 ~~207~~29,~~500~~600 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~CUMMINS~~CATELLUS ~~ENGINE~~DEVELOPMENT Cmn ~~231021106~~149111106 ~~299~~435,750 1124,~~000~~900 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~CITIGROUP~~CATERPILLAR INC. Cmn ~~172967101~~149123101 308,~~091~~764,~~863~~875 ~~499~~259,~~450~~700 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~CABLEVISION~~CELESTICA ~~SYSTEMS~~0% ~~-CL~~CB ACB ~~Cmn~~15101QAA6 ~~12686C109 515~~61,~~850~~316,250 7124,~~600~~500 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~CVS~~CENDANT CORP 6%Cmn ~~DEBT~~151313103 ~~PERC DUE Pfd 126645209 6~~594,~~977,344~~863 9754,~~500~~700 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~CSCO~~CENDANT ~~50.0~~CORP ~~STRIKE~~RIGHTS ~~PUT~~Cmn ~~01/20~~151313111 ~~Opt (P) 17275R102 725~~195,~~000~~900 230,000 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~CSCO~~CENTENNIAL ~~55.000~~COMMUNICATIONS ~~STRIKE~~Cmn ~~PUT~~15133V208 ~~01/ Opt (P) 17275R102 518~~5,~~750~~007,288 1227,~~000~~604 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~205~~112,~~011~~080,~~335~~269 ------------------------------------------------------------------------------------------------------------------------------------

----------------------------- (SEC USE ONLY) FORM 13F Page 13 of 61 Name of ~~reporting~~Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: ~~Invement~~Investment Discretion Item 7: Voting Authority (Shares) -------------------------- ----------------------------- ~~(Shares)~~ Name of Issuer Title of CUSIP Fair ~~Market~~ Shares of (a) (b) Shared ~~--------------------~~(c) ~~Class~~Managers of Number ~~Value~~Maket Principal ~~(a)~~ Sole As Defined ~~(c)~~ Shared- ~~Managers~~See Instr. (a) Sole (b) Shared (c) None Class Value Amount in ~~Intr~~Instr. V Other ~~See Intr.~~ V ~~Sole Shared None~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~CSCO~~CENTEX ~~60.000~~CORP ~~STRIKE~~Cmn ~~PUT~~152312104 ~~01/ Opt (P) 17275R102 706~~1,~~250~~262,513 139,~~000~~300 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~CYPRESS~~CENTURYTEL ~~SEMICONDUCTOR~~INC 6%Cmn CB156700106 ~~232806AD1 44~~299,~~231,329~~750 2411,~~431~~000 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~CENTENNIAL~~CERIDIAN ~~COMMUNICATIONS~~CORP. Cmn ~~15133V208~~15677T106 2735,~~190,375~~238 ~~159~~26,~~300~~200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~CITY~~CG ~~NATIONAL~~55.000 ~~CORP~~STRIKE CALL 11/1 Opt (PCall) ~~178566105~~197648108 ~~799~~249,~~250~~375 ~~23,000~~150 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ CYCHECKPOINT 40SYSTEMS 5.025% ~~STRIKE~~CB ~~PUT~~162825103 ~~08/19/2~~600,000 ~~Cmn 232806109 354~~1,~~375~~000 ~~900~~ X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~DIEBOLD~~CHEVRON ~~INC~~ Cmn ~~253651103~~166751107 ~~245~~17,~~300~~032,950 8199,800 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~DONALDSON~~CHIRON COCORP ~~INC~~ Cmn ~~257651109~~170040109 ~~264~~1,~~650~~972,935 1343,~~400~~843 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~DOUBLECLICK~~CHUBB 4CORP.~~75%~~ CBCmn CB171232101 ~~258609AC0 59~~3,~~532~~964,~~775~~163 5550,~~196~~100 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~DILLARD~~CIGNA ~~DEPT~~CORP. ~~STORES INC~~ Cmn ~~254067101~~125509109 ~~736~~271,~~225~~440 602,~~100~~600 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~DELL~~CINCINNATI ~~COMPUTER~~FINANCIAL Cmn ~~247025109~~172062101 3940,~~345,163~~750 6726,~~836~~500 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~DEERE~~CINERGY &CORP ~~COMPANY~~ Cmn ~~244199105~~172474108 1,~~953~~858,~~600~~113 5256,~~800~~200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~DEAN~~CIRCUIT ~~FOODS~~CITY COSTORES INC Cmn ~~242361103~~172737108 ~~782~~1,~~681~~018,900 2444,~~700~~300 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~ADVANTICA~~CISCO ~~RESTAURANT~~SYS ~~GRP~~INC Cmn ~~00758B109~~17275R102 ~~146~~2,~~959~~642,939 ~~151~~47,~~700~~836 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~ECHOSTAR~~CITIGROUP ~~COMMUNICATIONS~~INC. Cmn ~~278762109~~172967101 711,~~247~~241,~~642~~360 ~~218~~207,~~900~~933 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~122~~44,~~536~~090,~~575~~424 ------------------------------------------------------------------------------------------------------------------------------------

~~FORM 13F~~ ----------------------------- (SEC USE ONLY) FORM 13F Page 14 of 61 Name of Reporting Manager Citadel Limited Partnership ~~(SEC~~-- ~~USE~~-- ~~ONLY)~~ --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) -------------------------- --- -------------------------- Name of Issuer Title of CUSIP Fair ~~Maket~~ Shares of (a) (b) Shared (c) Managers ~~Class~~of Number ~~Value~~Maket Principal ~~(a)~~ Sole As Defined ~~(c) Shares~~Shared- See Instr. ~~V Amount in Instr. V Other~~ (a) Sole (b) Shared (c) ~~Sole~~None ~~Shared~~Class ~~None~~Value Amount in Instr. V Other V --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ ~~DISNEY~~CITRIX ~~WALT~~SYS CO% ~~Cmn~~CB ~~254687106~~CB 7177376AB6 97,~~979~~824,~~850~~486 ~~205~~260,~~600~~914 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~DOW~~CITRIX ~~JONES~~SYS ~~& CO~~ INC ~~Cmn~~0% ~~260561105~~CB 4177376AA8 2,~~006~~654,~~775~~504 547,~~700~~080 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~DELTA~~CITY &NATIONAL ~~PINE~~CORP ~~LAND CO~~ Cmn ~~247357106~~178566105 1,~~253~~062,~~125~~188 5027,~~000~~500 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~DELL~~CKE ~~40.000~~RESTAURANTS ~~STRIKE~~INC ~~PUT~~9.125% ~~01/~~CB ~~Opt~~12561EAE5 ~~(P) 247025109 468~~4,~~750 2~~095,000 6,500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~DELUXE~~CKE ~~CORP~~RESTAURANTS INC Cmn ~~248019101~~12561E105 ~~567~~519,~~856~~706 24169,~~100~~700 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~DIMON,~~CLAIRES STORES INC. Cmn ~~254394109~~179584107 ~~462~~466,~~825~~200 ~~217~~25,~~800~~900 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~DONNELLEY~~CLEAR RCHANNEL RCOMMUNICATIONS ~~& SONS CO~~ Cmn ~~257867101~~184502102 117,~~482~~943,~~356~~948 65317,~~700~~592 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~DIAMOND~~CLEARNET ~~OFFSHORE~~COMM ~~DRILLING~~WT ~~Cmn~~Wt ~~25271C102~~184902112 ~~702~~1,~~500~~899,600 2060,000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~DOVER~~CLS ~~CORP~~55.0 ~~Cmn~~STRIKE ~~260003108~~PUT ~~4,441,594~~03/17 ~~109~~Opt (Put) 15101Q108 285,~~500~~938 750 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~DOW~~CLS ~~CHEMICAL~~65.0 ~~COMPANY~~STRIKE ~~Cmn~~PUT ~~260543103~~03/17/ 9Opt (Put) 15101Q108 1,~~409~~525,~~444~~000 ~~311~~2,~~700~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~AMDOCS~~CMGI ~~TRACES 6~~15.~~75%~~0 ~~DUE~~STRIKE 6PUT ~~Pfd~~01/19 ~~02342R202~~Opt 16(Put) 125750109 891,~~656,813~~250 ~~257~~3,~~000~~100 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~DUKE-WEEKS~~CMGI ~~REALTY~~20.000 ~~CORP~~STRIKE ~~Cmn~~PUT ~~264411505~~01/ ~~277~~Opt (Put) 125750109 1,~~450~~178,750 122,~~400~~300 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~DREYER'S~~CMGI ~~GRAND~~25.000 ~~ICE~~STRIKE ~~CREAM~~PUT ~~Cmn~~01/ ~~261878102~~Opt 1(Put) 125750109 2,~~577~~287,~~100~~688 752,~~100~~905 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~DALLAS~~CMGI ~~SEMICONDUCTOR~~30.0 ~~CORP~~STRIKE ~~Cmn~~PUT ~~235204104~~01/18 2Opt (Put) 125750109 1,~~094~~484,~~550~~700 511,~~400~~212 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 51134,~~380~~118,~~988~~957 ------------------------------------------------------------------------------------------------------------------------------------

~~Form 13F~~ -------------------------- FORM 13F (SEC USE ONLY) Page 15 of 61 Name of Reporting Manager Citadel Limited Partnership ~~(SEC~~-- ~~USE~~-- ~~ONLY)~~ --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ----------------------- ------- ------------------ Name of Issuer Title of CUSIP Fair Maket Shares of (ba) ~~Shared Class Number Value Principal~~ (ab) ~~Sole~~Shared ~~As Defined~~ (c) ~~Shared-~~ Managers (a) (b) (c) ~~Amount~~Class inNumber ~~Instr.~~Value VPrincipal ~~Other~~Sole As Defined Shared- See Instr.V Sole Shared None Amount in Instr. Other V V ------------------------------------------------------------------------------------------------------------------------------------ ~~DTE~~CMGI ~~ENERGY~~30.000 COSTRIKE ~~Cmn~~PUT ~~233331107~~01/ ~~2,298,300~~Opt 75(Put) 125750109 761,~~200~~250 700 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~ESTEE~~CMGI ~~LAUDER MAND~~35.0 ~~6.25%~~STRIKE TPUT ~~Pfd~~10/21 ~~518437207~~Opt ~~23,945,625~~(Put) ~~283~~125750109 393,~~800~~750 500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~CALLAWAY~~CMOS ~~GOLF~~55.0 COSTRIKE ~~Cmn~~PUT ~~131193104~~02/17 ~~450,225~~Opt 27(Put) 225302108 650,~~600~~000 250 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~EMC~~CMS ~~CORPORATION~~17.500 ~~Cmn~~STRIKE ~~268648102~~CALL ~~10,817,413~~12/ ~~140~~Opt (Call) 125896100 240,~~600~~625 250 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~ENRON~~CMS ~~CORP.~~ENERGY ~~Cmn~~7% ~~293561106~~DEBT 2Pfd 125896605 13,~~618~~744,~~700~~500 40539,~~600~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SEPR~~CMVT 5780.50000 STRIKE ~~CALL~~PUT 0704/ Opt (CPut) ~~817315104~~205862402 ~~633~~209,~~750~~375 ~~100~~500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~EXPRESS~~CNET ~~SCRIPTS~~NETWORKS INC. ~~-CL~~5.00% ACB ~~Cmn~~125945AA3 ~~302182100 13~~751,~~520~~161 860 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~ENTERGY~~CNET ~~CORP~~NETWORKS ~~NEW~~INC. ~~Cmn~~5.00% ~~29364G103~~CB ~~516,563~~125945AC9 19,~~000~~119,602 21,890 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~WEBS~~CNF ~~MEXICO~~TRANSPORTATION ~~INDEX SERIES~~ Cmn ~~464286822~~12612W104 ~~739~~2,~~688~~000,275 4589,~~000~~900 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~EXODUS~~COASTAL ~~COMM~~CORP ~~11.625%~~Cmn ~~DUE~~190441105 ~~7 CB 302088109 4~~53,~~000~~896,~~000~~288 4727,~~000~~100 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~EXODUS~~COASTAL ~~COMMUNICATIONS~~CORP ~~INC~~6.625% ~~Cmn~~Pfd ~~302088109~~190441865 31,~~744~~920,~~881~~188 8146,~~300~~200 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~EXFO~~COHERENT ~~ELECTRO-OPTICAL~~INC ~~ENGIN~~ Cmn ~~302043104~~192479103 ~~438~~865,~~750~~096 1012,~~000~~722 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~EXIDE~~COLGATE ~~CORP~~PALMOLIVE CO Cmn ~~302051107~~194162103 13,~~559~~771,~~480~~280 ~~194~~79,~~935~~900 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~FIRST~~COLUMBIA ~~AMER~~ENERGY ~~FINL~~GROUP ~~CP CA~~ Cmn ~~318522307~~197648108 ~~194~~157,~~650~~967,900 132,~~600~~224,900 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 52256,~~797~~291,~~954~~289 ------------------------------------------------------------------------------------------------------------------------------------

-------------------------- FORM 13F (SEC USE ONLY) Page 16 of 61 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ----------------------- --------- ----------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c) Class Number Value Principal ~~(a)~~ Sole As Defined ~~(c)~~ Shared- See ~~(a)~~Instr. ~~(b)~~Sole ~~(c)~~Shared None Amount in Instr. V Other ~~Instr.~~V V ~~Sole Shared None~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~FLEET~~COMDISCO ~~BOSTON~~INC ~~FINANCIAL~~ Cmn ~~339030108~~200336105 35,~~553~~783,~~000~~563 ~~104~~303,~~500~~400 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~CKFR~~COMERICA ~~55.000~~INC ~~STRIKE~~Cmn ~~PUT~~200340107 ~~08/~~4,230,875 ~~Opt (P) 162813109 212~~72,~~500~~400 ~~250~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~CKFR~~COMPUTER ~~75.000~~ASSOCIATE ~~STRIKE~~INTL ~~PUT~~Cmn ~~08/~~204912109 ~~Opt~~8,664,500 ~~(P) 162813109 485~~344,000 ~~200~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~FIRST~~COMPUWARE ~~DATA~~ CORP. Cmn ~~319963104~~205638109 51,~~235~~320,~~438~~235 ~~105~~157,~~500~~640 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~FEDEX~~COMVERSE ~~CORPORATION~~TECH ~~Cmn~~4.5% ~~31428X106~~CB ~~1,162,800~~CB 30205862AF2 804,~~600~~921 160 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~FLC~~COMVERSE 9TECH 4.5% ~~STRIKE~~CB ~~05/01/2009~~CB Wt205862AG0 ~~74912E123 5~~22,~~086~~114,~~696~~625 84,~~520~~390 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~FLEXTRONICS~~CONAGRA ~~INTERNATIONAL~~FOODS INC Cmn ~~Y2573F102~~205887102 ~~755~~2,~~563~~253,019 11112,~~000~~300 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~FMC~~CONEXANT ~~CORP~~SYSTEMS ~~Cmn~~4.25% ~~302491303~~CB ~~249,400~~CB 207142AA8 4,~~300~~152,635 2,170 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~GFC~~CONEXANT ~~FINANCIAL~~SYSTEMS ~~CORP 6~~4.~~125~~25% CB ~~318074AU5~~CB 1207142AB6 93,~~211~~749,~~000~~714 148,~~400~~990 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~GFC~~CONSECO ~~FINANCIAL~~INC ~~CORP~~ 6.~~375~~8% 6/15/05 CB ~~318074AQ4~~20846NAB1 101,~~858~~920,~~250~~000 123,~~850~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~FINOVA~~CONSECO ~~CAPITAL CORP 7~~INC.~~30%~~ CBCmn ~~31808CCV2~~208464107 8602,~~917,500~~375 1079,~~250~~000 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~GFC~~CONSECO, ~~FINANCIAL~~INC. ~~CORP 7~~8.25796% 04/01 CB ~~318074AV3~~20846JAA2 1,~~680~~365,000 23,~~000~~500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~FPL~~CONSECO, ~~GROUP~~ INC. ~~Cmn~~9% ~~302571104~~10/15/00 5CB 208464AR8 3,~~935~~685,~~050~~000 ~~119~~5,~~900~~500 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~NXTL~~COOPER ~~37.50~~TIRE ~~STRIKE~~& ~~PUT~~RUBR ~~01/2~~CO ~~Opt~~Cmn ~~(P)~~216831107 ~~65332V103 218~~342,~~750~~125 134,000 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 45150,~~560~~988,~~946~~586 ------------------------------------------------------------------------------------------------------------------------------------

------------------------------- ~~FORM 13F~~ (SEC USE ONLY) FORM 13F Page 17 of 61 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) -------------------------- ------ --------------------- Name of Issuer Title ~~of Class~~ CUSIP Fair ~~Maket~~ Shares of (b) Shared Managers of Number ~~Value~~Maket Principal (a) ~~Sole~~ As ~~Defined~~ (c) ~~Shared-~~ See Instr.v (a) Sole (b) Shared (c) None Class Value Amount inSole ~~Instr.~~Defined VShared- ~~Other~~in Instr. V ~~Sole~~Other ~~Shared None~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~FOUR~~COR ~~SEASONS~~THERAPEUTICS 05% CB CB ~~35100EAD6~~217753AD4 1752,~~101~~261,~~808~~405 4826,~~285~~500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~FOREST~~CORNING ~~OIL~~INC Cmn ~~346091606~~219350105 ~~572~~8,~~156~~137,800 3527,~~900~~400 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~FLAG~~COUNTRYWIDE ~~TELECOM~~CREDIT ~~HILDGS~~IND ~~LTD~~ Cmn ~~G3529L102~~222372104 2,~~717~~616,~~663~~075 ~~182~~69,~~700~~300 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~FIRST~~COVAD ~~uNION~~COMMUNICATIONS ~~CORP~~12% ~~Cmn~~CB ~~337358105~~CB 2222814AM7 1,~~069~~620,~~363~~000 832,~~400~~160 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~FIRST~~COVAD ~~VIRGINIA~~COMMUNICATIONS ~~BANKS~~GROUP ~~INC~~ Cmn ~~337477103~~222814204 ~~619~~1,~~663~~942,050 17145,~~800~~200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~FOSTER~~COVAD ~~WHEELER~~COMMUNICATIONS ~~CORP~~GRP CB ~~350244109~~222814AN5 45,~~023~~107,~~563~~342 ~~466~~5,500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~FWIS~~COX ~~0.01~~COMMS ~~STRIKE~~7% ~~04/15/2000~~FELINE WtPRIDES ~~337625115~~Pfd ~~207~~224044305 1,~~872~~009,625 220,~~560~~500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~NICOR~~COX ~~INC~~COMMUNICATIONS ~~Cmn~~7.75% ~~654086107~~Pfd ~~538~~224044503 140,~~313~~381,709 161,~~500~~926,600 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~GLOBAL~~COX ~~CROSSING~~EXCHG 70.4259% ~~PFD~~INTO ~~Pfd~~PCS ~~G3921A142~~CB 96224044AX5 60,~~500~~906,~~875~~860 ~~541~~145,~~000~~400 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~GANNETT~~CREDENCE ~~INC~~SYSTEMS CORP Cmn ~~364730101~~225302108 7580,~~530,394~~740 ~~125~~19,~~900~~358 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ GECROMPTON ~~43.375~~CORP ~~STRIKE~~Cmn ~~PUT~~227116100 ~~01/2000 Opt (P) 369604103 745~~522,~~313~~113 466,~~500~~300 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~GENZYME~~CROWN ~~CORP-~~CASTLE ~~GENL~~INTL ~~DIVIS~~7% ~~Cmn~~Pfd ~~372917104~~24366F203 ~~778~~6,~~631~~835,500 13248,~~100~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~GETTY~~CROWN ~~IMAGES~~CORK & SEAL INC Cmn ~~374276103~~228255105 1433,~~101,979~~913 2940,~~733~~600 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~GENERAL~~CRUS ~~ELECTRIC~~25.0 ~~CORP~~STRIKE ~~Cmn~~PUT ~~369604103~~01/19 ~~18,115,400~~Opt ~~341~~(Put) 172755100 313,~~800~~438 850 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~152~~282,~~622~~668,~~990~~568 ------------------------------------------------------------------------------------------------------------------------------------

-------------------------------- ~~FORM 13F~~ (SEC USE ONLY) Page 18 of 61 FORM 13F -- -- Name of Reporting Manager Citadel Limited Partnership --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) --------------------------- --------------------------- ~~(b) Shared~~ Name of Issuer Title of CUSIP Fair ~~Market~~ Shares of (b) Shared Managers of Number Maket Principal (a) As (c) ~~Managers~~See Instr.v (a) Sole (b) Shared (c) None Class ~~Number~~ Value ~~Principal~~Amount Sole Defined Shared- ~~See~~in Instr. V ~~Sole Shared None Amount in Instr.V~~ Other ------------------------------------------------------------------------------------------------------------------------------------ ~~GEORGIA~~CSCO ~~GULF~~42.5 ~~CORP~~STRIKE ~~Cmn~~PUT ~~373200203~~01/19 ~~297~~Opt (Put) 17275R102 1,~~619~~100,000 142,~~300~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~GENESIS~~CSCO ~~HEALTH~~50.0 ~~VENTURES~~STRIKE ~~Cmn~~PUT ~~371912106~~01/20 72Opt (Put) 17275R102 912,~~612~~500 ~~403~~2,~~400~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~GILAT~~CSCO ~~SATELLITE~~55.000 ~~NETWORKS,~~STRIKE ~~Cmn~~PUT ~~M51474100~~01/ ~~409~~Opt (Put) 17275R102 656,~~313~~250 51,~~900~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~GLOBAL~~CSCO ~~MARINE~~60.000 ~~Cmn~~STRIKE ~~379352404~~PUT ~~476~~01/ Opt (Put) 17275R102 918,~~369~~750 161,~~900~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~GEMSTAR-TV~~CTS ~~GUIDE~~CORP ~~INTL~~ Cmn ~~36866W106~~126501105 41,~~043~~721,~~616~~250 6534,~~800~~000 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~GENERAL~~CUMULUS ~~MOTORS~~MEDIA Cmn ~~370442105~~231082108 12806,~~146,675~~663 ~~209~~131,~~200~~700 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~GENUINE~~CURAGEN ~~PARTS~~6.0% COCB ~~Cmn~~CB ~~372460105~~3126RAC5 13,~~540~~111,~~000~~455 773,~~000~~085 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~GAP~~CVS ~~INC~~40.000 ~~Cmn~~STRIKE ~~364760108~~PUT ~~984,375 31,500 X n~~05/a1 XOpt ~~------------------------------------------------------------------------------------------------------------------------------------~~(Put) ~~GREENPOINT~~126650100 ~~FINANCIAL CORP Cmn 395384100 609~~287,~~375~~500 321,~~500~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ GSCVS ~~80.000~~CORP ~~STRIKE~~6% ~~PUT~~DEBT ~~01/20~~PERC ~~Opt(P)~~Pfd ~~38141G104~~126645209 ~~212~~11,~~500~~205,600 ~~340~~139,200 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~GLOBALSTAR~~CYPRESS ~~TELCOMM.~~SEMICONDUCTOR ~~LTD.~~6% ~~Cmn~~CB ~~379364870~~232806109 ~~435~~34,~~000~~184,958 2019,~~000~~431 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~GTECH~~DALLAS ~~HOLDINGS~~SEMICONDUCTOR CORP Cmn ~~400518106~~235204104 ~~304~~1,~~013~~643,750 1350,~~400~~000 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~GLOBAL~~DANAHER ~~TELESYSTEMS~~CORP ~~5.75%~~Cmn CB235851102 ~~37936UAE4 3~~1,~~531~~422,~~024~~850 628,~~000~~600 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~GLOBAL~~DEAN ~~TELESYSTEMS~~FOODS ~~7.25%~~CO Cmn ~~37936U609~~242361103 ~~739~~658,~~670~~350 3219,~~000~~800 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~GOODYEAR~~DEERE ~~TIRE~~& ~~COMMON~~COMPANY ~~STOCK~~ Cmn ~~382550101~~244199105 1851,~~224,000~~200 6125,~~200~~600 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 2759,~~026~~481,~~159~~076 ------------------------------------------------------------------------------------------------------------------------------------

-------------------------- FORM 13F (SEC USE ONLY) Page 19 of 61 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ ------------------------- ~~(b) Shared~~ Name of Issuer Title of CUSIP Fair ~~Market~~Maket Shares of (a) As(b) Shared (c) Managers (a) (b) (c) Class Number Value Principal Sole As Defined Shared- See Instr. V Sole Shared None Amount in Instr. V Other ------------------------------------------------------------------------------------------------------------------------------------ ~~GILLETTE~~DELL CO30.0 ~~Cmn~~STRIKE ~~375766102~~PUT 601/19 Opt (Put) 247025109 2,~~512~~593,~~350~~750 ~~186~~5,~~400~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~GREY~~DELL ~~WOLF~~32.500 ~~INC~~STRIKE ~~Cmn~~PUT ~~397888108~~01 ~~409~~Opt (Put) 247025109 425,000 811,~~800~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~CMGI~~DELL 1540.0000 STRIKE PUT 01~~/19~~ Opt (PPut) ~~125750109~~247025109 ~~350~~1,950,000 2,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~CMGI~~DELL 2045.~~000~~0 STRIKE PUT 01/19 Opt (PPut) ~~125750109~~247025109 ~~476~~3,~~875~~087,500 12,~~400~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~CMGI~~DELL ~~25.000~~COMPUTER ~~STRIKE~~Cmn ~~PUT~~247025109 018,777,280 284,861 X n/a ~~Opt~~X ~~(P)~~------------------------------------------------------------------------------------------------------------------------------------ ~~125750109~~DELUXE 1CORP Cmn 248019101 869,~~343,750~~375 242,~~500~~800 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ DEUTSCHE TELEKOM AG -SPONS Cmn 251566105 156,005,325 4,554,900 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~CMGI~~DILLARD'S ~~30.000~~INC ~~STRIKE~~- ~~PUT~~CL ~~01/~~A ~~Opt~~Cmn ~~(P)~~254067101 ~~125750109~~561,000 ~~533~~52,~~750~~800 ~~700~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~HALLIBURTON~~DIMON, COINC. Cmn ~~406216101~~254394109 ~~391~~740,~~656~~350 8227,~~300~~800 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~HARMAN~~DISNEY ~~INTERNATIONAL~~WALT ~~INDS~~CO Cmn ~~413086109~~254687106 ~~640~~6,~~500~~204,150 10162,~~500~~200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~HASBRO~~DNA 94140.0 ~~Cmn~~STRIKE ~~418056107~~PUT ~~890,194~~03/17 59Opt (Put) 368710406 462,~~100~~500 500 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~HOME~~DOBSON ~~DEPOT~~COMMUNICATIONS Cmn ~~437076102~~256069105 ~~274~~2,~~656~~618,781 5178,~~500~~300 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~HARRAH'S~~DOLLAR ~~ENTERTAINMENT~~GEN ~~INC~~CORP Cmn ~~413619107~~256669102 2935,~~726,063~~906 ~~130~~55,~~200~~875 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~HAWAIIAN~~DONNELLEY ~~ELECTRIC~~R ~~INDS~~R & SONS CO Cmn ~~419870100~~257867101 ~~495~~1,~~469~~176,544 1547,~~100~~900 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~HOUSEHOLD~~DOUBLECLICK ~~INTL INC~~4.75% ~~Cmn~~CB ~~441815107~~DUE 43 0 258609AC0 37,~~010~~455,~~781~~215 9638,~~500~~711 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 19223,~~055~~862,~~044~~676 ------------------------------------------------------------------------------------------------------------------------------------

-------------------------- FORM 13F (SEC USE ONLY) Page 20 of 61 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) -------------------------- ------------------------- Name of Issuer Title oof f CUSIP Fair ~~Market~~Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c) Class Number Value Principal ~~(a)~~Sole As Defined Shared- See Instr. V ~~(a)~~Sole ~~(b)~~Shared ~~(c)~~None Amount ~~Sole~~ in Instr. V Other ~~Sole Shared None~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~HILTON~~DOW ~~HOTELS~~JONES ~~CORP~~& CO INC Cmn ~~432848109~~260561105 ~~695~~3,~~625~~327,500 7455,~~200~~000 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~HOLLYWOOD~~DPL ~~ENTMT~~INC ~~CORP~~ Cmn ~~436141105~~233293109 3395,~~457,125~~675 ~~439~~13,~~000~~300 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~HEILIG~~DQE ~~MEYERS~~INC CO Cmn ~~422893107~~23329J104 64357,~~125~~113 548,~~000~~900 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~HNC~~DR ~~SOFTWARE,~~HORTON ~~INC~~9. 4.75% CBDUE 9/15/2 CB ~~40425PAA5~~23331AAF6 46990,~~030,004~~000 311,~~950~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~STARWOOD~~DYCOM ~~HOTELS~~INDUSTRIES &INC ~~RESORT~~ Cmn ~~85590A203~~267475101 ~~735~~1,~~913~~948,050 2246,~~600~~800 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~HOUSTON~~E ~~INTO~~TRADE ~~TIME~~GROUP ~~WARNER~~INC Cmn ~~442161204~~269246104 13488,~~590,650~~194 ~~108~~29,~~400~~700 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~HELMERICH~~EARTHWEB &INC ~~PAYNE~~US ~~INC~~7% ~~Cmn~~CB ~~423452101~~CB 127032CAB4 2,~~618~~018,~~338~~068 435,~~300~~220 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~HEALTHSOUTH~~EATON CORP Cmn ~~421924101~~278058102 ~~930~~15,~~781~~597,288 ~~129~~253,~~500~~100 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~HANNAFORD~~ECHOSTAR ~~BROTHERS~~COMM CO4.875% ~~Cmn~~CB ~~410550107~~278762AD1 4333,~~067~~821,~~500~~813 ~~599~~25,~~200~~550 X n/a ~~X ------------------------------------------------------------------------------------------------------------------------------------ HARRIS CORP DEL Cmn 413875105 265,275 8,100 X~~ n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~HARSCO~~ECOLAB ~~CORP~~INC Cmn ~~415864107~~278865100 ~~331~~778,~~500~~950 1321,~~000~~600 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~HUBBELL~~EDWARDS ~~INC~~(A ~~-CL~~G) BINC ~~CMN STK~~ Cmn ~~443510201~~281760108 ~~308~~1,~~550~~684,463 1232,~~100~~200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~HWP~~EGRP ~~115~~17.00500 STRIKE PUT 0110/2 Opt (PPut) ~~428236103~~269246104 ~~780~~607,~~000~~188 13,~~200~~350 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~HWP~~EL ~~110~~40.0 STRIKE PUT 1104/1821/2 Opt (PPut) ~~428236103~~518439104 ~~362,500~~ 1,290,000 2,150 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~112~~63,~~237~~304,~~885~~299 ------------------------------------------------------------------------------------------------------------------------------------

-------------------------- FORM 13F (SEC USE ONLY) Page 21 of 61 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------- ------------------------- Name of Issuer Title of CUSIP Fair ~~Market~~Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c) Class Number Value Principal Sole As Defined Shared- See Instr. V ~~(a)~~Sole ~~(b)~~Shared ~~(c)~~None Amount in Instr. V Other ~~Sole Shared None~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~HEWLETT~~EL ~~PACKARD~~45.0 COSTRIKE ~~Cmn~~PUT ~~428236103~~04/21/2 ~~4,820,175~~Opt 38(Put) 518439104 475,~~600~~000 500 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~IBM~~ELECTRO ~~105.0~~SCIENTIFIC ~~STRIKE~~INDS ~~PUT~~Cmn ~~01/20~~285229100 ~~Opt (P) 459200101 918~~800,~~750~~323 122,~~000~~785 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~IBM~~ELECTRONIC ~~100.00~~DATA ~~STRIKE~~SYSTEMS ~~PUT~~Cmn ~~01/2~~285661104 ~~Opt (P) 459200101 1~~5,~~412~~183,~~500~~350 2124,~~000~~900 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~IBM~~EMC ~~CMN~~70.0 ~~STOCK~~STRIKE ~~Cmn~~PUT ~~459200101~~01/19/ 21Opt (Put) 268648102 1,~~726~~375,~~244~~000 ~~198~~2,~~300~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~INSIGHT~~EMC ~~COMMUNICATIONS~~80.0 ~~INC~~STRIKE ~~Cmn~~PUT ~~45768V108~~01/19/ ~~2,846,875~~Opt ~~182~~(Put) 268648102 253,~~200~~125 250 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~INTERMEDIA~~ENERGY ~~COMM~~EAST ~~FLA~~CORPORATION ~~INC~~ Cmn ~~458801107~~29266M109 2615,~~469,250~~400 8327,~~000~~200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~IDACORP~~ENGELHARD ~~INC~~CORP Cmn ~~451107106~~292845104 ~~309~~230,~~600~~750 914,~~600~~200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~IDEC~~ENHANCE ~~PHARMACEUTICALS~~FINANCIAL 0%SVCS CBGRP CBCmn ~~449370AA3~~293310108 13198,~~475,250~~900 815,~~475~~300 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~IDEC~~ESTEE ~~PHARM~~LAUDER MAND. 06.25% CBPfd CB518437207 ~~449370AC9 235~~33,~~359~~404,~~750~~400 ~~148~~518,~~025~~400 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~IMC~~ETHAN ~~GLOBAL~~ALLEN INTERIORS INC Cmn ~~449669100~~297602104 ~~345~~588,~~800~~900 2620,~~600~~800 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~IKON~~ETYS ~~OFFICE~~15.0 ~~SOLUTIONS~~STRIKE ~~INC~~PUT ~~Cmn~~11/18 ~~451713101~~Opt ~~2,872,925~~(Put) ~~741~~297862104 314,~~400~~000 320 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~IMPERIAL~~ETYS ~~OIL~~20.000 ~~LTD~~STRIKE CBPUT ~~453038408~~11/ ~~275,438~~Opt 11(Put) 297862104 737,~~300~~500 500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~INPRISE~~EXIDE ~~CORPORATION~~CORP Cmn ~~45766C102~~302051107 21,~~458~~589,~~612~~880 ~~401~~175,~~406~~435 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~INTC~~EXODUS ~~50.0~~COMMUNICATIONS ~~STRIKE~~Cmn ~~PUT~~302088109 ~~01/20 Opt (P) 458140100 418~~5,~~750~~934,875 1120,~~000~~200 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~289~~51,~~709~~701,~~918~~403 ------------------------------------------------------------------------------------------------------------------------------------

~~FORM 13F~~ -------------------------- FORM 13F (SEC USE ONLY) Page 22 of 61 Name of Reporting Manager Citadel Limited Partnership ~~(SEC~~-- ~~USE~~-- ~~ONLY)~~ --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ -------- ------------------- Name of Issuer Title of CUSIP Fair ~~Market~~Maket Shares of (a) (b) Shared (c) Managers (~~Shares~~a) (b) (c) Class Number Value Principal ~~(a)~~ Sole As Defined ~~(c)~~ Shared- See Instr. V ~~(a)~~Sole ~~(b)~~Shared ~~(c)~~None Amount in Instr. V Other ~~Sole Shared None~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~INTC~~EXPRESS ~~65.0~~SCRIPTS ~~STRIKE~~INC ~~PUT~~-CL ~~01/20~~A ~~Opt~~Cmn ~~(P)~~302182100 ~~458140100 1~~622,~~425,000~~795 18,~~000~~620 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~INTEL~~EXXON ~~CMN~~MOBIL ~~STOCK~~CORP Cmn ~~458140100~~30231G102 1510,~~779~~793,~~136~~038 ~~118~~121,~~030~~100 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~INTEREPUBLIC~~FEDERAL-MOGUL ~~GRP~~CORPOR OF7.5% ~~COS~~CB ~~Cmn~~313549AS6 ~~460690100 1~~975,~~780,200~~000 412,~~400~~500 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~INTERNATIONAL~~FEDERAL-MOGUL ~~PAPER~~CORPOR CO7.875% ~~Cmn~~CB ~~460146103~~313549AM9 5780,~~777,752~~000 ~~193~~2,~~803~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~INGERSOLL-RAND~~FINOVA CAPITAL CORP 6.7550% DPCB ~~Pfd~~31808CBW1 ~~456867209 2~~3,~~673~~112,~~125~~500 ~~131~~5,~~600~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~ITC~~FINOVA ~~DELTACOM~~CAPITAL ~~INC~~CORP ~~Cmn~~6.55% ~~45031T104~~CB ~~281~~31808CAL6 780,~~138~~000 121,~~600~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ I2FINOVA ~~TECH.~~CAPITAL 5CORP 7.2530% CB CB31808CCV2 ~~465754AD1 773~~7,~~461~~ 687,500 10,250 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ I2FINOVA ~~TECHNOLOGY~~GROUP ~~5.25%~~INC CBCmn CB317928109 ~~465754AF6 73~~1,~~740~~361,~~698~~550 47187,~~496~~800 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ITFIRST ~~GROUP~~DATA ~~INC~~CORP. Cmn ~~465266104~~319963104 110,~~388~~582,~~888~~031 ~~284~~270,900 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~IVAX~~FIRST ~~CORP~~HEALTH ~~5.5%~~GROUP CBCORP CBCmn ~~465823AB8~~320960107 2557,~~709,977~~022 217,~~070~~272 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~JOHNSON~~FIRST ~~CTLS~~TENNESSEE ~~INC~~NATL CORP Cmn ~~478366107~~337162101 1559,~~488,063~~988 2927,~~000~~400 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~PENNEY~~FLAG ~~(J.C.)~~TELECOM ~~COMPAN~~HLDGS ~~7.375~~LTD CBCmn ~~708160BG0~~G3529L102 18,~~860~~515,~~000~~100 2774,~~000~~100 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~PENNEY~~FLC J9.5 CSTRIKE ~~INC~~05/01/2009 ~~Cmn~~Wt ~~708160106~~74912E101 ~~355~~6,~~844~~257,258 198,~~300~~520 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~JACOBS~~FLEET ~~ENGINEERING~~BOSTON ~~GROUP~~FINANCIAL CORP Cmn ~~469814107~~339030108 ~~428~~10,~~206~~631,400 13272,~~100~~600 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~110~~63,~~461~~215,~~486~~182 ------------------------------------------------------------------------------------------------------------------------------------

~~FORM 13F~~ -------------------------- FORM 13F (SEC USE ONLY) Page 2423 of 5261 Name of Reporting Manager Citadel Limited Partnership ~~(SEC USE ONLY)~~ -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ -------- ------------------- Name of Issuer Title of CUSIP Fair ~~Market~~Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c) Class Number Value Principal ~~(a)~~ Sole As Defined ~~(c)~~ Shared- See Instr. V ~~(a)~~Sole ~~(b)~~Shared ~~(c)~~None Amount in Instr. V Other ~~Sole Shared None~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~HARLAND~~FLEMING ~~(JOHN~~COS ~~H.)~~INC COCmn CB339130106 ~~805897AA3 1~~147,~~301,085~~606 111,~~420~~300 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~JOHNSON~~FMC &CORP ~~JOHNSON~~ Cmn ~~478160104~~302491303 21,~~568~~669,~~371~~856 2524,~~211~~900 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~JUNIPER~~FOSTER ~~4.75%~~WHEELER CBCORP ~~DUE~~Cmn ~~3/15/~~350244109 ~~CB 48203RAA2 164~~5,~~331~~090,~~686~~950 ~~148~~702,~~100~~200 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~JONES~~FOUR ~~APPAREL~~SEASONS ~~GROUP~~0% ~~INC~~CB ~~Cmn~~CB ~~480074103~~35100EAD6 211,~~601~~651,~~450~~925 ~~110~~28,~~700~~285 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~MORGAN~~FPL JGROUP ~~P & CO~~ INC Cmn ~~616880100~~302571104 4473,~~371,963~~400 397,~~700~~200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~JEFFERSON~~GALILEO ~~PILOT~~INTL ~~CORP~~INC Cmn ~~475070108~~363547100 14,~~772~~888,~~138~~700 31315,400 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~JUNO~~GANNETT ~~LIGHTING~~ INC ~~(NEW)~~ Cmn ~~482047206~~364730101 ~~121~~1,~~200~~706,600 2032,200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~NORDSTROM~~GAP INC Cmn ~~655664100~~364760108 ~~615~~2,~~188~~906,050 25144,~~500~~400 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~KAUFMAN~~GBLX &25.0 ~~BROAD~~STRIKE ~~8.25%~~PUT ~~PFD~~01/19 ~~Pfd~~Opt ~~486168503~~(Put) 1G3921A100 493,~~738,224~~750 ~~276~~1,~~400~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~KEANE~~GBLX ~~INC~~40.000 ~~CMN~~STRIKE ~~STK~~PUT ~~Cmn~~01/ ~~486665102~~Opt 1(Put) G3921A100 2,~~154~~125,~~775~~000 532,~~400~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~KEY~~GE ~~ENERGY~~40.0 ~~GROUP~~STRIKE ~~INC~~PUT ~~Cmn~~01/19/2 ~~492914106~~Opt ~~739~~(Put) 369604103 335,~~200~~938 762,~~800~~500 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~KEMET~~GE ~~CORP~~46.625 ~~Cmn~~STRIKE ~~488360108~~PUT 501/19 Opt (Put) 369604103 787,~~085,181~~500 ~~202~~3,~~900~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~KEYCORP~~GE ~~Cmn~~50 ~~493267108~~STRIKE 2PUT 01/19/200 Opt (Put) 369604103 1,~~106~~725,~~188~~000 ~~119~~4,~~500~~600 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~KIMBERLY~~GELTEX ~~CLARK~~PHARMACEUTICALS ~~CORP~~ Cmn ~~494368103~~368538104 57,~~077~~021,~~688~~875 88150,~~500~~000 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~193~~41,~~584~~024,~~335~~150 ------------------------------------------------------------------------------------------------------------------------------------

~~FORM 13F~~ -------------------------- FORM 13F (SEC USE ONLY) Page 24 of 61 Name of Reporting Manager Citadel Limited Partnership ~~(SEC~~-- ~~USE~~-- ~~ONLY)~~ --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ -------- ------------------- Name of Issuer Title of CUSIP Fair ~~Market~~Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c) Class Number Value Principal ~~(a)~~ Sole As Defined ~~(c)~~ Shared- See Instr. V ~~(a)~~Sole ~~(b)~~Shared ~~(c)~~None Amount in Instr. V Other ~~Sole Shared None~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~KERR~~GENERAL ~~MCGEE~~DYNAMICS CORP CBCmn ~~492386107~~369550108 26,~~599~~287,~~144~~531 44100,100 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ KGENERAL ~~MART~~MOTORS ~~CORP~~ Cmn ~~482584109~~370442105 417,~~121~~829,~~563~~500 ~~605~~274,~~000~~300 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~COCA~~GENUINE ~~COLA~~PARTS CO Cmn ~~191216100~~372460105 31,~~802~~315,~~363~~313 6669,~~200~~000 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~MBNA~~GEORGIA-PACIFIC CORP Cmn ~~55262L100~~373298108 51,~~807~~298,~~463~~375 ~~214~~55,~~100~~250 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~KROGER~~GETTY ~~CO.~~IMAGES INC Cmn ~~501044101~~374276103 2360,~~643,088~~167 ~~119~~11,~~800~~833 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~KOHLS~~GFC FINANCIAL CORP ~~Cmn~~6.125% ~~500255104~~CB 318074AU5 5,~~835~~328,~~063~~000 ~~104~~7,~~900~~400 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~KITTY~~GFC ~~HAWK~~FINANCIAL ~~INC~~CORP 96.9525% ~~11/15~~ CB ~~498326AC1~~318074AS0 53,~~502~~900,~~350~~000 135,~~930~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~KELLOGG~~GFC COFINANCIAL ~~Cmn~~CORP ~~487836108~~6.375% 1CB 318074AQ4 9,~~505~~612,~~350~~000 5013,~~600~~350 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~LAFARGE~~GFC ~~CORPORATION~~FINANCIAL ~~Cmn~~CORP ~~505862102~~6.75% ~~510~~CB 318074AT8 680,~~300~~000 241,~~300~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~LYCOS~~GFC ~~INC~~FINANCIAL ~~Cmn~~CORP ~~550818108~~7.25% 19CB 318074AV3 1,~~099~~442,~~800~~500 ~~353~~2,~~700~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~WCOM~~GFC ~~40.000~~FINANCIAL ~~STRIKE~~CORP ~~CALL~~9.125% 08CB ~~Opt~~318074AA9 ~~(C) 98157D106 2~~902,~~800,000~~500 41,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~LEHMAN~~GILAT ~~BROTHERS~~SATELLITE ~~HOLDINGS~~NET. ~~Cmn~~4.25% ~~524908100~~CB ~~661~~375255AE6 11,~~938~~921,261 715,~~000~~850 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~LENNAR~~GLOBAL ~~CORP~~CROSSING ~~Cmn~~7% ~~526057104~~PERP. ~~739~~PREF Pfd G3921A142 85,~~125~~383,063 36431,500 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~LERNOUT~~GLOBAL &MARINE ~~HAUSPIE~~Cmn ~~4.75%~~379352404 ~~CV Pfd 501608202 13~~373,~~296,344~~588 ~~171~~12,~~000~~100 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 68146,~~923~~633,~~888~~796 ------------------------------------------------------------------------------------------------------------------------------------

~~FORM 13F~~ -------------------------- FORM 13F (SEC USE ONLY) Page 25 of 61 Name of Reporting Manager Citadel Limited Partnership ~~(SEC~~-- ~~USE~~-- ~~ONLY)~~ --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ -------- ------------------- Name of Issuer Title of CUSIP Fair ~~Market~~Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c) Class Number Value Principal ~~(a)~~ Sole As Defined ~~(c)~~ Shared- See Instr. V ~~(a)~~Sole ~~(b)~~Shared ~~(c)~~None Amount in Instr. V Other ~~Sole Shared None~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~LITTON~~GLOBAL ~~INDUSTRIES~~TELESYSTEMS ~~INC~~5.75% ~~Cmn~~CB ~~538021106~~37936UAE4 ~~512~~1,~~400~~879,276 126,~~200~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~ELI~~GLOBAL ~~LILLY~~TELESYSTEMS ~~Cmn~~7.25% ~~532457108~~Pfd 437936U609 1,~~344~~005,~~563~~701 4388,~~500~~750 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~LOCKHEED~~GOLDEN ~~MARTIN~~WEST FINL CORP Cmn ~~539830109~~381317106 ~~952~~3,~~800~~389,100 3863,~~400~~200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~LINCOLN~~GOODYEAR ~~NATL~~TIRE ~~CORP IND~~ Cmn ~~534187109~~382550101 ~~989~~1,~~825~~852,200 27102,~~400~~900 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~LODGIAN~~GP ~~(WAS~~35.000 ~~SERVICO)~~STRIKE 7%PUT ~~PFD~~01/20 ~~Pfd~~Opt ~~540217205~~(Put) ~~369,179~~373298108 40460,000 400 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~LORAL~~GRAINGER ~~SPACE~~W &W ~~COMM~~INC 6%Cmn ~~PFD~~384802104 ~~Pfd G56462149 20~~1,~~987~~236,~~285~~688 ~~911~~47,~~033~~000 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~LOWE'S~~GREAT ~~COMPANIES~~ATLANTIC & PAC TEA Cmn ~~548661107~~390064103 7690,~~169,513~~300 ~~174~~62,~~600~~400 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~LAM~~GREENPOINT ~~RESEARCH~~FINANCIAL 5%Cmn CB395384100 ~~CB 512807AC2 130~~663,~~380,154~~600 9322,~~784~~400 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~LSI~~GREY 4%WOLF CBINC ~~DUE~~Cmn ~~2/15/2005~~397888108 ~~CB 502161AE2 14~~470,~~783,855~~350 1481,~~000~~800 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~LONE~~GTECH ~~STAR~~HOLDINGS ~~TECHNOLOGIES~~CORP ~~INC~~ Cmn ~~542312103~~400518106 ~~411~~226,~~625~~906 813,~~900~~700 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~LIMITED~~HALLIBURTON ~~INC~~CO Cmn ~~532716107~~406216101 ~~659~~1,~~563~~384,931 3028,~~500~~300 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~ALTR~~HARCOURT ~~35.0~~GENERAL ~~STRIKE~~Cmn ~~PUT~~41163G101 ~~01/20~~1,539,900 ~~Opt (P) 021441100 306~~26,~~250~~100 ~~500~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~LTV~~HARLAND ~~CORP~~(JOHN H.) ~~Cmn~~CO ~~501921100~~CB ~~460~~805897AA3 1,~~000~~315,191 ~~160~~1,~~000~~420 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~LUCENT~~HARLEY-DAVIDSON ~~TECHNOLOGIES~~ INC Cmn ~~549463107~~412822108 3,~~329~~150,~~850~~175 5665,~~200~~800 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~185~~19,~~656~~264,~~860~~318 ------------------------------------------------------------------------------------------------------------------------------------

--------------------------- FORM 13F (SEC USE ONLY) Page 26 of 61 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ ------ ------------------- Name of Issuer Title of CUSIP Fair ~~Market~~Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c) Class Number Value Principal ~~(a)~~ Sole As Defined ~~(c)~~ Shared- See Instr. V Sole Shared None Amount in Instr. V Other ------------------------------------------------------------------------------------------------------------------------------------ ~~SOUTHWEST~~------------------------------------------------------------------------------------------------------------------------------------ ~~AIRLINES~~HARMAN INTERNATIONAL INDS Cmn ~~844741108~~413086109 ~~698~~523,~~794~~940 3613,~~900~~400 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~LEVEL~~HARRIS 3CORP ~~COMMUNICATIONS~~DEL ~~INC~~ Cmn ~~52729N100~~413875105 1398,~~487,200~~125 1614,~~900~~000 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~LYO~~HARSCO ~~12.500~~CORP ~~STRIKE~~Cmn ~~CALL~~415864107 09231,656 ~~Opt (C) 552078107 309~~10,~~875~~500 ~~740~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~LA-Z-BOY~~HASBRO ~~CHAIR~~94 CO Cmn ~~505336107~~418056107 ~~152~~939,~~600~~019 1082,~~900~~100 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~HANNA~~HAVAS (MADVERTISING A)SA CO- ADR Cmn ~~410522106~~419313101 ~~143~~63,~~100~~922,389 154,~~900~~048,283 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~MANPOWER,~~HEALTH ~~INC~~MANAGEMENT ~~Cmn~~ASSOC ~~56418H100~~CB ~~1,625,600~~421933AA0 50615,~~800~~764 850 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~MATTEL~~HEALTHSOUTH ~~INC~~CORP Cmn ~~577081102~~421924101 ~~906~~1,~~641~~616,875 68199,~~750~~000 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~MAVERICK~~HEILIG ~~TUBE~~MEYERS ~~CORP~~CO ~~Cmn~~7.6% ~~577914104~~08/ ~~594~~CB 556109AC0 277,~~150~~500 201,~~400~~500 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~MANDALAY~~HELMERICH ~~RESORT~~& ~~GROUP~~PAYNE INC Cmn ~~562567107~~423452101 ~~858~~1,000,663 4227,~~900~~700 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~MBIA~~HEWLETT ~~INC~~PACKARD CO Cmn ~~55262C100~~428236103 35,~~276~~499,~~750~~900 6856,~~000~~700 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~McLeodUSA~~HIBERNIA ~~Inc.~~CORP ~~6.75%~~CL ~~PFD~~'A' ~~Pfd~~Cmn ~~582266201~~428656102 68433,~~052,367~~650 ~~122~~35,~~300~~400 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~MERCURY~~HIGHWOODS ~~GENERAL~~PROPERTIES ~~CORP~~INC Cmn ~~589400100~~431284108 ~~295~~557,~~313~~550 1223,~~500~~600 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~MEDTRONIC~~HILLENBRAND ~~INC~~INDUSTRIES Cmn ~~585055106~~431573104 6259,~~744,613~~550 ~~135~~5,~~400~~800 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~MEDIMMUNE~~HNC SOFTWARE INC Cmn ~~584699102~~40425P107 240,~~201~~227,~~352~~206 29491,~~748~~700 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 87116,~~346~~503,~~354~~786 ------------------------------------------------------------------------------------------------------------------------------------

----------------------------------- Page 27 of 61 FORM 13F (SEC USE ONLY) -- -- Name of Reporting Manager Citadel Limited Partnership --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) -------------------------- ----- ---------------------- Name of Issuer Title of CUSIP Fair ~~Market~~ Shares of (~~b) Shared Managers (~~a) (b) Shared (c) ~~Class~~Managers of Number ~~Value~~Maket Principal ~~(a)~~ Sole As Defined ~~(c)~~ Shared- See Instr. V(a) Sole (b) Shared (c) None Class Value Amount in Instr. V Other V ------------------------------------------------------------------------------------------------------------------------------------ ~~METLIFE~~HOLLYWOOD ~~INC~~ENTMT ~~8.0%~~CORP ~~EQUITY~~Cmn ~~Pfd~~436141105 ~~59156R207 21~~2,~~161~~609,~~250~~075 ~~307~~350,800 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~METHODE~~HOME ~~ELECTRONICS~~DEPOT ~~-CL A~~ Cmn ~~591520200~~437076102 5896,~~769,996~~756 ~~149~~16,~~385~~900 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~METROMEDIA~~HUNTINGTON ~~FIBEWR~~BANCSHARES NECmn ~~10%~~446150104 ~~CB 591689AD6 995~~314,~~000~~853 121,~~000~~437 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~METROMEDIA~~HUTCHINSON ~~FIBER~~TECH ~~NETWORK~~Cmn ~~Pfd~~448407106 ~~24366Q209 40~~245,~~535,775~~041 ~~579~~11,~~600~~634 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~MICHAEL~~HWP ~~STORES~~110.0 ~~Cmn~~STRIKE ~~594087108~~PUT ~~380~~11/18 Opt (Put) 428236103 612,~~244~~500 81,~~300~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~MUSICLAND~~HWP ~~STORES~~115.00 ~~CORP~~STRIKE ~~Cmn~~PUT ~~62758B109~~Opt 3(Put) 428236103 1,~~673~~320,~~381~~000 ~~493~~1,~~900~~200 X n/a Xn/a 01/2 ------------------------------------------------------------------------------------------------------------------------------------ ~~MUELLER~~HWP ~~INDUSTRIES~~95.000 ~~Cmn~~STRIKE ~~624756102~~PUT ~~215~~01/1 Opt (Put) 428236103 1,~~600~~087,500 71,~~700~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~MEDICAL~~I2 ~~MANAGER~~TECH. ~~CORP~~5.25% ~~Cmn~~CB ~~58461U103~~DUE 1512/1 CB 465754AD1 1,~~845~~289,~~875~~895 ~~465,200~~500 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~MINNESOTA~~I2 ~~MNG~~TECHNOLOGY &5.25% ~~MFG~~CB COCB ~~Cmn~~465754AF6 ~~604059105 3~~400,~~349~~055,~~500~~775 40155,~~600~~073 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~MOT~~IBM 31100.~~625~~00 STRIKE PUT 01/2 Opt (PPut) ~~620076109~~459200101 1875,~~800,~~000 32,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~MOT~~IBM 33105.~~375~~0 STRIKE PUT 01/220 Opt (PPut) ~~620076109~~459200101 ~~217~~606,~~500~~250 ~~300~~1,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~MOT~~IBM 3680.~~625~~0 STRIKE PUT 01/219/ Opt (PPut) ~~620076109~~459200101 41,~~954~~725,~~688~~000 54,~~250~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~MOTOROLA~~IBM ~~Cmn~~90.000 ~~620076109~~STRIKE 10PUT 01/1 Opt (Put) 459200101 675,~~026,563~~000 ~~345~~1,000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~MERCK~~IBM ~~& CO~~ Cmn ~~589331107~~459200101 431,~~926~~252,~~988~~500 64277,~~300~~800 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~113~~443,~~852~~565,~~358~~145 ------------------------------------------------------------------------------------------------------------------------------------

----------------------------------- Page 28 of 61 FORM 13F (SEC USE ONLY) -- -- Name of Reporting Manager Citadel Limited Partnership --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) -------------------------- --- ------------------------ Name of Issuer Title of CUSIP Fair ~~Market~~ Shares of (~~b) Shared Managers (~~a) (b) Shared (c) ~~Class~~Managers of Number ~~Value~~Maket Principal ~~(a)~~ Sole As Defined ~~(c)~~ Shared- See Instr.V (a) Sole (b) Shared (c) None Class Value Amount in Instr. V Other V ------------------------------------------------------------------------------------------------------------------------------------ ~~USX-MARATHON~~ICG ~~GROUP~~COMMUNICATIONS, INC. Cmn ~~902905827~~449246107 6137,~~082,669~~813 ~~242~~315,~~700~~000 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~MRV~~ICN ~~COMMUNICATIONS~~PHARMACEUTICALS 5%Cmn ~~6/15~~448924100 ~~CB 553477AB6 159~~1,~~474~~110,~~454~~550 3133,~~851~~400 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~MICROSOFT~~IDACORP INC Cmn ~~594918104~~451107106 31670,~~370,960~~625 ~~392~~14,~~137~~500 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~MONTANA~~IDEC ~~POWER~~PHARM. CO0% ~~Cmn~~CB ~~612085100~~CB 1449370AC9 350,~~380~~177,~~719~~858 39148,~~100~~025 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~MANITOWOC~~IDEC ~~COMPANY,~~PHARMACEUTICALS ~~INC.~~0% ~~Cmn~~CB ~~563571108~~CB ~~254~~449370AA3 20,~~125~~049,034 98,~~500~~475 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~MICRON~~IDPH ~~TECHNOLOGY~~170.0 ~~INC~~STRIKE ~~Cmn~~PUT ~~595112103~~04/ 5Opt (Put) 449370105 1,~~944~~106,~~219~~875 ~~67,500~~350 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~MORGAN~~IKON ~~STANLEY~~OFFICE ~~DEAN~~SOLUTIONS ~~WITTER~~INC Cmn ~~617446448~~451713101 83,~~941~~281,~~050~~119 ~~107~~833,~~400~~300 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~MAIL~~-~~WELL~~ IMC GLOBAL INC ~~CMn~~Cmn ~~560321200~~449669100 ~~818~~1,~~513~~777,700 94122,~~900~~600 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~NAVISTAR~~IMPERIAL ~~INTERNATIONAL~~OIL 93LTD ~~Pfd~~Cmn ~~63934E108~~453038408 1286,~~556,231~~770 5011,~~100~~000 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~NBC~~INCO ~~INTERNET INC TRACES 7~~LTD. ~~Pfd~~Cmn ~~62873C206~~453258402 ~~818~~1,~~913~~186,800 3473,~~300~~600 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~NBC~~INFINITY ~~INTERNET~~BROADCASTING ~~INC~~CORP Cmn ~~62873D105~~45662S102 ~~192~~63,772,500 151,~~400~~932,500 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~NATIONAL~~INSIGHT ~~COMM~~COMMUNICATION ~~BANCORP/TN~~ Cmn ~~635449101~~45768V108 ~~571~~3,~~825~~765,550 35237,~~600~~200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~NCS~~INTC ~~HEALTHCARE 5~~32.~~75%~~5 ~~Pfd~~STRIKE ~~628874AC3~~PUT ~~338~~01/20 Opt (Put) 458140100 376,~~100~~250 2,~~415~~800 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~NEWMONT~~INTC ~~MINING~~40.0 ~~CORP~~STRIKE ~~Cmn~~PUT ~~651639106~~01/20 4Opt (Put) 458140100 775,~~156,325~~000 ~~192~~2,~~200~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~221~~448,~~900~~474,~~602~~443 ------------------------------------------------------------------------------------------------------------------------------------

--------------------------- FORM 13F (SEC USE ONLY) Page 29 of 61 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ -------- ------------------ Name of Issuer Title of CUSIP Fair ~~Market~~Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c) Class Number Value Principal ~~(a)~~ Sole As Defined ~~(c)~~ Shared- See Instr. V Sole Shared None Amount in Instr. V Other ------------------------------------------------------------------------------------------------------------------------------------ ~~CLEARNET~~INTC ~~COMM~~50.0 ~~WARRANT~~STRIKE WtPUT ~~184902112~~01/20 ~~890~~Opt(Put) 458140100 2,~~400~~012,500 602,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~NETWORK~~INTC ~~ASSOC~~60. 0% ~~OID~~STRIKE CBPUT ~~640938AB2~~01/19 49Opt(Put) 458140100 4,~~606~~025,~~479~~000 ~~140~~2,~~123~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~NATIONAL~~INTC ~~FUEL~~65.0 ~~GAS~~STRIKE COPUT ~~Cmn~~01/20 ~~636180101~~Opt(Put) ~~253~~458140100 4,~~500~~675,000 52,~~200~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~NFX~~INTC ~~6.5%~~75 ~~MIPS~~STRIKE ~~DUE~~PUT 801/1520/292 ~~Pfd~~Opt(Put) ~~651291205~~458140100 36,~~620~~675,~~565~~000 592,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~NABISCO~~INTEL ~~GROUP HOLDINGS~~ Cmn ~~62952P102~~458140100 624,~~484~~191,~~375~~453 ~~250~~582,~~000~~050 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~NISOURCE~~INTERMEDIA ~~INC.~~COMM 7FLA 8.~~75%~~875 ~~PIES~~CB ~~Pfd~~458801AS6 ~~65473P303 2~~1,~~964~~950,~~137~~000 792,~~400~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~NIKE~~INTERMEDIA COMM FLA INC Cmn ~~654106103~~458801107 4613,~~263,919~~600 ~~107~~20,~~100~~800 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~NORTHEAST~~INTERNATIONAL ~~OPTIC~~RECTIFIER ~~NETWORK~~ Cmn ~~664334109~~460254105 ~~308~~6,~~125~~724,813 5133,000 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~NOVELL~~INTERSTATE ~~INC~~BAKERIES CP Cmn ~~670006105~~46072H108 ~~390~~558,~~359~~675 4238,~~201~~200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~NETWORK~~INTRAWARE ~~PLUS~~INC ~~CORP~~Cmn ~~7.5%~~46118M103 ~~Pfd 64122D605 2~~586,~~563,236~~611 8578,~~000~~542 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~NORFOLK~~IT ~~SOUTHN~~GROUP ~~CORP~~INC. Cmn ~~655844108~~465266104 21,~~714~~662,~~688~~025 ~~182~~349,~~500~~900 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~NATIONAL~~ITC ~~SEMICONDUCTOR~~DELTACOM INC Cmn ~~637640103~~45031T104 ~~232~~419,~~675~~750 436,~~100~~500 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~HNCS~~IVGN 8580.~~000~~0 STRIKE PUT 0710/21 Opt (PPut) ~~40425P107~~46185R100 13,~~231~~688,~~250~~688 ~~500~~3,090 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~NATL~~JABIL ~~EQUIP~~CIRCUIT ~~SVCS~~ INC Cmn ~~635847106~~466313103 1873,~~516,800~~950 ~~252~~15,~~800~~400 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 7758,~~040~~657,~~507~~064 ------------------------------------------------------------------------------------------------------------------------------------

-------------------------- FORM 13F (SEC USE ONLY) Page 30 of 61 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ ----- -------------------- Name of Issuer Title of CUSIP Fair ~~Market~~Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c) Class Number Value Principal ~~(a)~~ Sole As Defined Shared- See Instr. V ~~(a)~~Sole ~~(b)~~Shared ~~(c)~~None Amount in Instr. V Other ~~Sole Shared None~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~NORTEK~~JACK IN THE BOX INC. Cmn ~~656559101~~466367109 ~~643~~623,~~850~~831 3229,~~600~~100 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~NORTHERN~~JDSU ~~TRUST~~110.0 ~~Cmn~~STRIKE ~~665859104~~PUT ~~266~~03/1 Opt(Put) 46612J101 2,~~756~~587,500 41,~~100~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~NORTEL~~JEFFERSON ~~NETWORKS~~PILOT CORP Cmn ~~656568102~~475070108 32,~~822~~572,~~000~~463 5637,~~000~~900 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~NUCOR~~JLG ~~CORP~~INDUSTRIES INC Cmn ~~670346105~~466210101 ~~438~~196,~~075~~219 1316,~~200~~100 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~INCO~~JNPR ~~LTD~~125.00 ~~Cmn~~STRIKE ~~453258402~~PUT ~~790,275~~04/ 51Opt(Put) 48203R104 371,~~400~~875 500 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~NORTHEAST~~JOHNSON ~~UTIL.~~& JOHNSO Cmn ~~664397106~~478160104 2311,~~888~~151,~~025~~415 1118,~~098,300~~711 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~NEWELL~~JUNIPER ~~RUBBERMAID~~4.75% ~~INC~~CB ~~Cmn~~CB ~~651229106~~48203RAA2 1294,~~346~~826,~~725~~276 52193,~~300~~965 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~NEXTLINK~~JUNO ~~COMMUNICATIONS~~LIGHTING 10INC CB(NEW) ~~65333HAP8~~Cmn 2482047206 364,~~925,000~~313 367,000 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~NEXTLINK~~K ~~COMMUNICATIONS~~MART CORP Cmn ~~65333H707~~482584109 54,~~935~~740,~~398~~000 ~~156~~790,~~452~~000 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~NEXTEL~~KAUFMAN ~~COMMUNICATIONS~~& ~~Cmn~~BROAD ~~65332V103~~8.25% Pfd 486168503 2,~~379~~297,~~460~~575 38276,~~888~~400 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~NEXT~~KEMET ~~LEVEL~~CORP ~~COMMUNCATION~~ Cmn ~~65333U104~~488360108 ~~857~~1,~~500~~143,675 1041,~~000~~400 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~OFFICE~~KENT ~~DEPOT~~ELECTRONICS CORP Cmn ~~676220106~~490553104 ~~556~~553,~~250~~900 8923,~~000~~200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~OWENS-ILLINOIS~~KEY ENERGY GROUP INC Cmn ~~690768403~~492914106 2410,~~995,506~~163 ~~256~~41,~~300~~800 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~OLIN~~KITTY ~~CORP~~HAWK ~~Cmn~~INC ~~680665205~~9.95% ~~212~~11/15 CB 498326AC1 7,~~850~~099,200 12,~~900~~240 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 47328,~~057~~938,~~670~~403 ------------------------------------------------------------------------------------------------------------------------------------

-------------------------- FORM 13F (SEC USE ONLY) Page 31 of 61 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------- ------------------------- Name of Issuer Title of CUSIP Fair ~~Market~~Maket Shares of (a) (b) Shared (c) Managers (a) (b) (c) Class Number Value Principal ~~(a)~~Sole As Defined ~~(c)~~Shared- See Instr. V ~~(a)~~Sole ~~(b)~~Shared ~~(c)~~None Amount ~~Sole~~ in Instr. V ~~Shared- Sole Shared None~~ Other ------------------------------------------------------------------------------------------------------------------------------------ ~~BANK~~KLAC ~~ONE CORP~~35.000 ~~Cmn~~STRIKE ~~06423A103~~PUT ~~9,735,156~~01/ ~~366~~Opt(Put) 482480100 209,375 500 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ONKLA-TENCOR ~~SEMICONDUCTOR~~INSTRUMENTS ~~CORP~~ Cmn ~~682189105~~482480100 ~~437~~795,~~500~~454 2019,~~000~~313 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~ORBITAL~~KNIGHT 5%RIDDER CBINC CBCmn ~~685564AC0~~499040103 32,~~713~~987,~~624~~775 558,~~455~~800 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~ORACLE~~KNIGHT ~~SYS~~TRADING ~~CORP~~GROUP INC Cmn ~~68389X105~~499063105 10936,~~047,570~~000 ~~119~~26,~~525~~000 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ON-~~LINE~~ ~~SOFTWARE~~KOHL ~~INTL~~CORPORATION ~~6.25~~0% CB ~~682180AA2~~CB ~~518~~500255AG9 2,~~760~~345,719 ~~524~~4,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~OUTBACK~~KOHLS ~~STEAKHOUSE~~CORP ~~INC~~ Cmn ~~689899102~~500255104 1,~~517~~315,~~783~~275 5122,~~890~~800 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~OCCIDENTAL~~KROGER ~~PETROLEUM~~CO. Cmn ~~674599105~~501044101 ~~989~~4,~~938~~110,888 47182,~~000~~200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~PAGING~~LAM ~~NETWORK~~RESEARCH ~~INC 10.125~~5% CB ~~695542AC4~~DUE ~~200~~09/ CB 512807AC2 100,~~000~~042,030 ~~500~~95,734 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~PAYCHEX~~LENNAR ~~INC~~CORP Cmn ~~704326107~~526057104 ~~582~~1,~~876~~047,969 1335,~~878~~300 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~PRECISION~~LERNOUT ~~CASTPARTS~~& ~~CORP~~HAUSPIE ~~Cmn~~4.75% ~~740189105~~PFD ~~452~~Pfd 501608202 2,~~500~~352,513 1099,~~000~~725 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~PCS~~LEVEL ~~50.000~~3 ~~STRIKE~~COMMUNICATIONS ~~PUT~~Cmn ~~Opt(P)~~52729N100 ~~852061506 292~~2,~~500~~074,663 26,900 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~PHELPS~~LHSP ~~DODGE~~30.0 ~~CORP~~STRIKE ~~Cmn~~PUT ~~717265102~~01/19 ~~490~~Opt(Put) B5628B104 2,~~875~~934,375 131,~~200~~500 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ PELHSP ~~CORP-PE~~45.000 ~~BIOSYSTEMS~~STRIKE ~~Cmn~~PUT ~~69332S102~~01/ 1Opt(Put) B5628B104 14,~~067~~078,~~175~~125 164,~~200~~250 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~PEC~~LHSP ~~SOLUTIONS~~50.0 ~~INC~~STRIKE ~~Cmn~~PUT ~~705107100~~01/19 1Opt(Put) B5628B104 11,~~117~~325,~~188~~000 ~~137~~3,~~500~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 31146,~~163~~555,~~444~~159 ------------------------------------------------------------------------------------------------------------------------------------

-------------------------- FORM 13F (SEC USE ONLY) Page 32 of 61 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ -------- ----------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Maket Shares of (ba) ~~Shared Managers Number Value Principal~~ (ab) ~~Sole~~Shared ~~As Defined~~ (c) ~~Shared-~~Managers ~~See~~ (a) (b) (c) ~~Amount~~Class inNumber ~~Instr.~~Value VPrincipal ~~Other~~Sole As Defined Shared- See Instr. V Sole Shared None Amount in Instr. V Other ------------------------------------------------------------------------------------------------------------------------------------ ~~PEPSICO~~LHSP ~~INC~~55.0 ~~Cmn~~STRIKE ~~713448108~~PUT 101/19 Opt(Put) B5628B104 4,~~981~~275,~~913~~000 441,~~600~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~PFIZER~~LINCOLN ~~INC~~NATL CORP Cmn ~~717081103~~534187109 83,~~169~~359,~~600~~125 ~~170~~69,~~200~~800 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~PROVIDENT~~LIZ ~~FINANCIAL~~CLAIBORNE ~~GROUP~~INC Cmn ~~743866105~~539320101 ~~271~~2,~~463~~021,250 1152,~~400~~500 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~PROGRESSIVE~~LMG/A ~~CORP-OHIO~~3.75% ~~Cmn~~INTO ~~743315103~~PCS 1CB 530715AL5 47,~~332~~436,~~000~~541 1861,~~000~~400 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~PEGASUS~~LOCKHEED ~~COMMUNICATIONS~~MARTIN CORP Cmn ~~705904100~~539830109 2,~~673~~208,~~906~~320 5467,~~500~~000 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~PROCTER~~LODGIAN &(WAS ~~GAMBLE~~SERVICO)7% COpfd ~~Cmn~~540217205 ~~742718109 9~~235,~~268,775~~000 ~~161~~20,~~900~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~PULTE~~LONGS ~~CORPORATION~~DRUG STORES CORP Cmn ~~745867101~~543162101 ~~300~~208,~~588~~463 1310,900 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~PARKER~~LOR ~~HANNIFIN~~5.0 ~~CORP~~STRIKE ~~Cmn~~PUT ~~701094104~~ 01/19/2 Opt(Put) G56462107 318,~~592,725~~750 752,~~700~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~PIER~~LORAL 16% ~~IMPORTS~~CONV ~~Cmn~~PFD ~~720279108~~Pfd ~~819~~G56462305 9,~~000~~796,027 84441,~~000~~832 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~PARKER~~LORAL ~~DRILLING~~SPACE CO& ~~Cmn~~COMM ~~701081101~~6% 3PFD Pfd G56462149 26,~~718~~532,~~688~~061 ~~601~~1,~~000~~314,933 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SIX~~LOWE'S ~~FLAGS~~COMPANIES ~~INC~~Cmn ~~7.5%~~548661107 ~~4/1/200 Pfd 740540307 3~~5,~~828~~636,~~125~~300 87125,~~500~~600 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~PROTECTIVE~~LRCX ~~LIFE~~16.625 ~~CORP~~STRIKE ~~Cmn~~PUT ~~743674103~~01/ ~~867~~Opt(Put) 512807108 300,~~975~~000 321,~~600~~500 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~PNC~~LRCX ~~FINANCIAL~~20.0 ~~SERVICES~~STRIKE ~~Cmn~~PUT ~~693475105~~01/19 ~~5,840,625~~Opt(Put) ~~124~~512807108 281,~~600~~875 550 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~PRECISE~~LRCX ~~SOFTWARE~~25.0 ~~SOLUTIONS~~STRIKE ~~Cmn~~PUT ~~M41450103~~01/20 ~~480,000~~Opt(Put) 20512807108 405,000 600 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 42103,~~145~~013,~~381~~711 ------------------------------------------------------------------------------------------------------------------------------------

-------------------------- FORM 13F (SEC USE ONLY) Page 33 of 61 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ -------- ----------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Maket Shares of (ba) ~~Shared Managers Number Value Principal~~ (ab) ~~Sole~~Shared ~~As Defined~~ (c) ~~Shared-~~Managers ~~See~~ (a) (b) (c) ~~Amount~~Class inNumber ~~Instr.~~Value VPrincipal ~~Other~~Sole As Defined Shared- See Instr. V Sole Shared None Amount in Instr. V Other ------------------------------------------------------------------------------------------------------------------------------------ ~~PRIMUS~~LSI ~~TELECOMM~~50.000 ~~GROUP~~STRIKE ~~INC~~PUT ~~Cmn~~01/2 ~~741929103~~Opt(Put) ~~308~~502161102 2,~~450~~125,000 121,~~400~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~PRICE~~LSI ~~COMMUNICATIONS~~LOGIC CORP. Cmn ~~741437305~~502161102 14,~~691~~144,~~788~~725 71141,~~800~~700 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~PUGET~~LTV ~~SOUND~~CORP. ~~POWER & LIGHT~~ Cmn ~~745332106~~501921100 ~~569~~483,~~044~~000 26368,~~700~~000 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~PEOPLESOFT~~LU ~~INC 4~~30.~~75%~~0 ~~REG~~STRIKE CPUT CB01/19/2 ~~922091AC7~~Opt(Put) 5549463107 1,~~020~~781,~~007~~250 53,~~712~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~PSINET~~LU ~~11% SR~~55.000 ~~NOTES~~STRIKE ~~08/~~PUT 01/20 CBOpt(Put) ~~69363VAB3~~549463107 1,~~890~~225,000 ~~2,000~~500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~PSINET~~LUCENT TECHNOLOGIES INC ~~CMN STOCK~~ Cmn ~~74437C101~~549463107 26,~~107~~821,~~988~~550 83223,~~900~~200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~PTEL~~LVLT 1860.~~150~~000 STRIKE ~~02/~~PUT 01/2 WtOpt(Put) ~~73936C117~~52729N100 2276,~~255,550~~563 ~~34,824~~750 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~PILLOWTEX~~LVLT ~~CORP~~60.000 ~~10%~~STRIKE 11PUT 01/~~15/2~~ CBOpt(Put) ~~721501AB0~~52729N100 ~~914~~577,~~250~~500 ~~2,650~~550 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~PILLOWTEX~~LYCOS ~~CORP~~INC 9%Cmn 550818108 12~~/15/20~~,618,492 ~~CB 721501AE4 586~~183,500 ~~1,700~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~PHILLIPS~~M ~~PETE~~& COT BANK CORP Cmn ~~718507106~~55261F104 7617,~~065,838~~100 ~~139~~1,~~400~~210 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~PAINE~~MAGNA ~~WEBBER~~INTL ~~GROUP INC~~ Cmn ~~695629105~~559222401 ~~600~~320,~~600~~050 137,~~200~~400 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~PRAXAIR~~MAIL.COM ~~INC~~CB ~~Cmn~~DUE ~~74005P104~~ 2/1 CB 560311AC6 3,~~182~~062,~~606~~501 586,~~300~~750 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~PENNZOIL~~MAIL-~~QUAKER~~WELL ~~STATE(NEW)~~INC Cmn ~~709323109~~560321200 21,~~990~~238,~~294~~506 ~~247~~279,~~900~~100 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~QUALCOMM~~MARINE ~~INC~~DRILLING ~~CMN~~CO ~~STK~~ Cmn ~~747525103~~568240204 31,~~210~~542,~~420~~375 5354,~~507~~000 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 3136,~~393~~833,~~333~~612 ------------------------------------------------------------------------------------------------------------------------------------

-------------------------- FORM 13F (SEC USE ONLY) Page 34 of 61 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ -------- ----------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Maket Shares of (ba) ~~Shared Managers Number Value Principal~~ (ab) ~~Sole~~Shared ~~As Defined~~ (c) ~~Shared-~~Managers ~~See~~ (a) (b) (c) ~~Amount~~Class inNumber ~~Instr.~~Value VPrincipal ~~Other~~Sole As Defined Shared- See Instr. V Sole Shared None Amount in Instr. V Other ------------------------------------------------------------------------------------------------------------------------------------ ~~EGRP~~MASTEC, 15INC.0 ~~STRIKE~~Cmn ~~PUT~~576323109 ~~01/20 Opt (P) 269246104 293~~1,468,750 147,000 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~EGRP~~MAT 1720.~~500~~000 STRIKE PUT 101/20 Opt (PPut) ~~269246104~~577081102 1397,~~193,438~~500 ~~3,350~~500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~GBLX~~MBIA ~~40.000~~INC ~~STRIKE~~Cmn ~~PUT~~55262C100 ~~01/ Opt (P) G3921A100 3~~1,~~062~~984,~~500~~388 227,~~000~~900 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~LVLT~~MCCORMICK 60& CO.~~000~~ ~~STRIKE~~Cmn ~~PUT~~579780206 ~~01/~~214,200 ~~Opt (P) 52729N100 295~~7,~~313~~200 ~~750~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~QWEST~~McLeodUSA ~~COMMUNICATIONS~~Inc. ~~CMN~~6.75% SPFD ~~Cmn~~Pfd ~~749121109~~582266201 254,~~126~~254,~~625~~992 42137,~~800~~600 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~CNXT~~MEDIMMUNE ~~60.000~~INC ~~STRIKE~~Cmn ~~PUT~~584699102 ~~07/~~4,522,679 ~~Opt (P) 207142100 900~~58,~~000~~546 ~~750~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~ORCT~~MEDTRONIC ~~55.000~~INC ~~STRIKE~~Cmn ~~PUT~~585055106 ~~10/ Opt (P) M7531S107~~ 1,~~113~~632,~~000~~094 ~~420~~31,500 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~ORCT~~MER 7045.~~000~~0 STRIKE PUT 1001/19/ Opt (PPut) ~~M7531S107~~590188108 1281,~~012,500~~ 250 1,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~RITE~~MER ~~AID~~65.0 ~~CORPORATION~~STRIKE ~~5.5%~~PUT CB04/21/ ~~767754AN4~~Opt(Put) 9590188108 966,~~700,000~~875 101,~~000~~300 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~RITE~~MERCANTILE ~~AID~~BANKSHARES CORP ~~NEW YORK~~ Cmn ~~767754104~~587405101 ~~241~~379,~~500~~520 3610,~~800~~456 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~RALSTON~~MERCK ~~PURINA~~& 7%CO ~~8/1/2000~~Cmn ~~Pfd~~589331107 ~~751277401 1~~3,~~277~~007,~~063~~275 4140,~~700~~400 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~RALSTON~~MERCURY ~~PURINA~~GENERAL COCORP Cmn ~~751277302~~589400100 2232,~~884,956~~163 ~~144~~8,~~700~~200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~REDBACK~~MERCURY ~~NETWORKS~~INTERACTIVE 5%CORP CB4 ~~04/~~ CB ~~757209AA9~~589405AA7 134,~~294~~834,~~887~~959 122,~~128~~215 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~RENT~~-~~A-CENTER~~ ~~INC~~MEREDITH CORP Cmn ~~76009N100~~589433101 ~~600~~236,~~750~~000 268,~~700~~000 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 25104,~~996~~412,~~280~~643 ------------------------------------------------------------------------------------------------------------------------------------

-------------------------- FORM 13F (SEC USE ONLY) Page 35 of 61 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ -------- ----------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Maket Shares of (ba) ~~Shared Managers Number Value Principal~~ (ab) ~~Sole~~Shared ~~As Defined~~ (c) ~~Shared-~~Managers ~~See~~ (a) (b) (c) ~~Amount~~Class inNumber ~~Instr.~~Value VPrincipal ~~Other~~Sole As Defined Shared- See Instr. V Sole Shared None Amount in Instr. V Other ------------------------------------------------------------------------------------------------------------------------------------ ~~RCN~~MERQ ~~CORP~~80.000 ~~Cmn~~STRIKE ~~749361101~~PUT ~~1,037,838~~04/ 40Opt (Put) 589405109 393,750 900 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~READERS~~METHODE ~~DIGEST~~ELECTRONICS ~~$1.9336~~-CL ~~SER~~A Cmn ~~755271202~~591520200 1831,~~341~~296,~~313~~368 ~~519~~706,~~400~~265 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~ROWAN~~METLIFE ~~COS~~ INC ~~Cmn~~8.0% ~~779382100~~EQUITY 3Pfd 59156R207 4,~~945~~811,~~713~~850 ~~129~~57,~~900~~800 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~RADIAN~~METROMEDIA ~~GROUP~~FIBER ~~INC~~NETWORK ~~Cmn~~Pfd ~~750236101~~24366Q209 130,~~630~~072,~~125~~300 31679,~~500~~600 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~REVLON~~MFNX ~~INC~~12.5 9%STRIKE ~~11/~~PUT 01/~~2006~~19 CBOpt ~~761519AQ0~~(Put) ~~710~~591689104 232,~~000~~050 1,~~000~~326 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~REVLON~~MFNX ~~INC~~25.0 -STRIKE CLPUT A01/19 ~~Cmn~~Opt ~~761525500~~(Put) ~~943~~591689104 930,~~719~~000 ~~149~~1,~~500~~200 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~REYNOLDS~~MGIC &INV ~~REYNOLDS~~CORP ~~-CL A~~ Cmn ~~761695105~~552848103 ~~688~~867,~~025~~975 3714,~~700~~200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~ROBERT~~MGM ~~HALF~~MIRAGE ~~INTL INC~~ Cmn ~~770323103~~552953101 1695,~~701,450~~013 5918,~~700~~200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~TRANSOCEAN~~MICHAEL 0%STORES CBCmn CB594087108 ~~893830AA7 25~~244,~~870,694~~000 426,~~900~~100 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~RAYMOND~~MICROCHIP ~~JAMES~~TECHNOLOGY ~~FINANCIAL~~INC Cmn ~~754730109~~595017104 ~~344~~4,~~250~~379,839 15132,~~300~~472 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~RELIASTAR~~MICRON ~~FINANCIAL~~TECHNOLOGY ~~CORP~~INC Cmn ~~75952U103~~595112103 526,~~437~~743,~~500~~600 1146,~~000,000~~600 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~RUSSELL~~MICROSOFT ~~CORP~~ Cmn ~~782352108~~594918104 168,~~502~~564,~~000~~577 751,~~100~~136,822 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~PDLI~~MILACRON ~~150.0~~INC ~~STRIKE~~Cmn ~~PUT~~598709103 ~~02/1~~213,000 ~~Opt (P) 74369L103 1~~16,~~087,500~~000 ~~300~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~RSCR~~MILLER ~~17.500~~(HERMAN) ~~STRIKE~~INC ~~PUT~~Cmn ~~08/~~600544100 ~~Opt~~538,650 ~~(P) 760943100 301~~16,~~000~~800 ~~250~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~110~~149,~~541~~982,~~125~~971 ------------------------------------------------------------------------------------------------------------------------------------

-------------------------- FORM 13F (SEC USE ONLY) Page 36 of 61 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ -------- ----------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Maket Shares of (ba) ~~Shared Managers Number Value Principal~~ (ab) ~~Sole~~Shared ~~As Defined~~ (c) ~~Shared-~~Managers ~~See~~ (a) (b) (c) ~~Amount~~Class inNumber ~~Instr.~~Value VPrincipal ~~Other~~Sole As Defined Shared- See Instr. V Sole Shared None Amount in Instr. V Other ----------------------------------------------------------------------------------------------------------------------------------- ~~RES~~-~~CARE~~ ~~INC.~~MILLIPORE 6%CORP ~~REG~~Cmn CB601073109 ~~CB 760943AC4 2~~3,~~625~~439,~~424~~063 671,~~011~~000 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~REPUBLIC~~MINNESOTA ~~SERVICES~~MNG & MFG Cmn ~~760759100~~604059105 212,~~092~~684,~~800~~600 ~~130~~139,~~800~~200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~RSL~~MONTANA ~~COMMUNICATIONS~~POWER ~~LTD~~CO - Cmn ~~G7702U102~~612085100 2,~~293~~663,~~219~~325 ~~200~~79,~~500~~800 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~RHYTHMS~~MORGAN ~~NETCONNECTIONS~~J P & CO INC Cmn ~~762430205~~616880100 1133,~~692~~297,~~169~~663 ~~134~~815,~~700~~900 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~RAYTHEON~~MORGAN ~~CLASS~~STANLEY BDEAN WITTER Cmn ~~755111408~~617446448 14,~~233~~562,~~925~~731 6449,~~100~~900 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~RYERSON~~MOT ~~TULL~~31.625 ~~INC~~STRIKE ~~Cmn~~PUT ~~78375P107~~01/2 3Opt (Put) 620076109 1,~~496~~612,~~375~~500 ~~337~~3,000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~MRVC~~MOT 6536.00625 STRIKE ~~CALL~~PUT 01/2 Opt (CPut) ~~553477100~~620076109 ~~650~~4,~~000~~823,438 ~~400~~5,250 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SAMINA~~MOTOROLA ~~4.25%~~Cmn CB620076109 ~~DUE 5/1/20 CB 800907AB3 64~~17,~~519~~074,~~058~~300 31604,~~900~~400 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~SAP AG~~ - ~~SPONS~~MRV ~~ADR~~COMMUNICATIONS ~~PFD~~5% ~~1:1~~6/15 ~~Pfd~~CB ~~803054204~~553477AB6 2107,~~331~~471,~~250~~297 5031,~~000~~851 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SINCLAIR~~MSFT ~~BROADCASTING~~50.0 ~~GRP~~STRIKE ~~Cmn~~PUT ~~829226109~~01/19 2Opt (Put) 594918104 775,~~255,~~000 ~~205~~2,000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SCHWAB~~MSFT ~~CHARLES~~57.50 ~~CORP~~STRIKE ~~NEW~~PUT ~~Cmn~~01/2 ~~808513105~~Opt 5(Put) 594918104 356,~~314,431~~250 ~~158~~1,~~050~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SCI~~MSFT 4060.~~000~~0 STRIKE PUT 1001/19 Opt (PPut) ~~783890106~~594918104 ~~215~~3,100,000 ~~400~~4,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~STOLT~~MSFT ~~OFFSHORE~~62.50 SASTRIKE ~~Cmn~~PUT ~~L8873E103~~01/2 ~~991~~Opt (Put) 594918104 1,~~575~~627,500 702,~~200~~800 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SYSTEM~~MSFT &65.0 ~~COMPUTER~~STRIKE ~~TECH~~PUT 5%01/19 CBOpt ~~871873AB1~~(Put) 10594918104 3,~~850~~131,~~513~~250 113,~~479~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~100~~296,~~560~~618,~~739~~916 ------------------------------------------------------------------------------------------------------------------------------------

-------------------------- FORM 13F (SEC USE ONLY) Page 37 of 61 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ -------- ----------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Maket Shares of (ba) ~~Shared Managers Number Value Principal~~ (ab) ~~Sole~~Shared ~~As Defined~~ (c) ~~Shared-~~Managers ~~See~~ (a) (b) (c) ~~Amount~~Class inNumber ~~Instr.~~Value VPrincipal ~~Other~~Sole As Defined Shared- See Instr. V Sole Shared None Amount in Instr. V Other ------------------------------------------------------------------------------------------------------------------------------------ ~~SANTA~~MSFT FE70.0 ~~INTL~~STRIKE ~~CORP~~PUT ~~Cmn~~01/19 ~~G7805C108~~Opt(Put) 1594918104 4,~~746~~068,~~875~~750 503,000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SUNGARD~~MSFT ~~DATA~~75.0 ~~SYSTEMS~~STRIKE ~~Cmn~~PUT ~~867363103~~01/19 Opt(Put) 594918104 3,~~019~~475,~~400~~000 972,~~400~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SEBL~~MSFT ~~SYSTESM 5~~75.~~50%~~000 CBSTRIKE CBPUT ~~826170AC6~~01/ ~~118~~Opt(Put) 594918104 3,~~013~~025,~~750~~000 322,~~695~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SEALED~~MSFT ~~AIR~~80.000 ~~CORP~~STRIKE 4%PUT CV01/ ~~PFD~~Opt(Put) ~~Pfd~~594918104 ~~58440J104 802~~1,~~023~~975,000 161,~~100~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SEMCO~~MSFT ~~ENERGY~~95.000 ~~11%~~STRIKE ~~MAND.~~PUT ~~Pfd~~01/ ~~78412D307~~Opt(Put) ~~536~~594918104 3,~~359~~450,000 501,~~900~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SEPRACOR~~MU ~~INC~~25.00 7%STRIKE CBPUT CB01/20/ ~~817315AH7~~Opt(Put) 4595112103 375,~~480,033~~000 24,~~200~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SAFEGUARD~~MU ~~SCIENTIFICS~~30.00 5%STRIKE CBPUT CB01/20/ ~~786449AD0~~Opt(Put) 1595112103 362,~~542,750~~500 12,~~100~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SAFEGUARD~~MU ~~SCIENTIFICS~~60.00 5%STRIKE CBPUT CB01/20/ ~~786449AE8~~Opt(Put) 21595112103 3,~~535~~400,~~615~~000 142,~~760~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SANTA~~MURPHY FEOIL ~~SNYDER~~ CORP Cmn ~~80218K105~~626717102 1,~~792~~043,~~700~~481 ~~157~~16,~~600~~100 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SFX~~MUSICLAND ~~ENTERTAINMENT~~STORES ~~INC~~CORP ~~CL A~~ Cmn ~~784178105~~62758B109 ~~108~~3,~~183~~066,~~594~~538 2434,~~387,500~~200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SCHERING~~MWD ~~PLOUGH~~60.0 ~~CORP~~STRIKE ~~CMn~~PUT ~~806605101~~01/19/ 1Opt(Put) 617446448 368,~~383,700~~750 271,~~400~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SUN~~MYLAN ~~HEALTHCARE~~LABORATORIES ~~GROUP~~Cmn 7%628530107 ~~PFD Pfd 866749203 63~~2,~~049~~968,513 ~~900~~110,~~700~~200 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~SIGMA~~NABISCO ~~ALDRICH~~GROUP ~~CORP~~HOLDINGS Cmn ~~826552101~~62952P102 153,~~185~~371,~~064~~950 401,~~515~~872,700 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~AMER~~NABISCO ~~SKIING~~HOLDINGS CO- ~~CMN~~CL ~~STOCK~~A Cmn ~~29654308~~629526104 ~~448~~25,531,250 ~~163~~475,000 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~264~~106,~~733~~481,~~162~~731 ------------------------------------------------------------------------------------------------------------------------------------

-------------------------- FORM 13F (SEC USE ONLY) Page 38 of 61 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ -------- ----------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Maket Shares of (ba) ~~Shared Managers Number Value Principal~~ (ab) ~~Sole~~Shared ~~As Defined~~ (c) ~~Shared-~~Managers ~~See~~ (a) (b) (c) ~~Amount~~Class inNumber ~~Instr.~~Value VPrincipal ~~Other~~Sole As Defined Shared- See Instr. V Sole Shared None Amount in Instr. V Other ------------------------------------------------------------------------------------------------------------------------------------ ~~SAKS~~NATIONAL ~~INCORPORATED~~FUEL GAS CO Cmn ~~79377W108~~636180101 ~~518~~207,~~700~~431 493,~~400~~700 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SOLECTRON~~NATIONAL 0%SEMICONDUCTOR ~~OID~~Cmn ~~DUE~~637640103 ~~5/8/2 CB 834182AK3 278~~3,~~157~~288,~~551~~425 ~~435~~81,~~500~~700 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~SPRING~~NATL ~~INDS~~EQUIP SVCS INC ~~CL A~~ Cmn ~~851783100~~635847106 ~~454~~1,~~400~~256,775 14257,~~200~~800 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SNYDER~~NAVISTAR ~~COMMUNICATIONS~~INTl ~~INC~~ Cmn ~~832914105~~58440J104 601,~~633~~296,~~750~~294 243,~~553,000~~300 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SYNOPSYS~~NCS ~~INC~~HEALTHCARE ~~Cmn~~5.75% ~~871607107~~CB 4CB 628874AC3 241,~~236,153~~500 ~~122~~2,~~565~~415 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SYNOVUS~~NEIMAN ~~FINANCIAL~~MARCUS ~~CORP~~GROUPS INC Cmn ~~87161C105~~640204202 ~~202~~561,~~688~~169 1117,~~500~~300 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SONOCO~~NEON ~~PRODUCTS~~COMMUNICATIONS INC Cmn ~~835495102~~640506101 ~~518~~310,~~175~~388 258,~~200~~900 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SOUTHTRUST~~NETA ~~CORP~~30.000 ~~Cmn~~STRIKE ~~844730101~~PUT ~~352,950~~01/ 15Opt(Put) 640938106 618,~~600~~750 750 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SIMON~~NETA ~~PROPERTY~~40.000 ~~GROUP~~STRIKE ~~INC~~PUT ~~Cmn~~01/ ~~828806109~~Opt(Put) ~~390~~640938106 4,~~500~~343,750 172,~~600~~500 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SPIEKER~~NETA ~~PROPERTIES~~45.000 ~~INC~~STRIKE ~~Cmn~~PUT ~~848497103~~01/ Opt(Put) 640938106 1,~~444~~118,~~400~~750 ~~31,400~~500 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~STAPLES~~NETWORK APPLIANCE INC Cmn ~~855030102~~64120L104 ~~727~~343,~~653~~913 472,~~327~~700 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SPYGLASS~~NETWORK ~~INC~~ASSOC. ~~Cmn~~0% ~~852192103~~OID 5CB 640938AB2 27,~~673~~085,~~825~~819 ~~181~~70,~~200~~298 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SOURCE~~NETWORKS ~~MEDIA~~ASSOCIATES INC Cmn ~~836153304~~640938106 1235,~~474,941~~323 ~~377~~10,~~585~~401 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SRCM~~NEXTEL ~~11.000~~COMMUNICATIONS ~~STRIKE~~INC ~~06/23/2~~Cmn Wt65332V103 ~~836153114 67~~1,~~580~~474,682 ~~109~~31,~~000~~544 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~354~~42,~~853~~382,~~266~~968 ------------------------------------------------------------------------------------------------------------------------------------

-------------------------- FORM 13F (SEC USE ONLY) Page 39 of 61 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------- ------- ------------------ Name of Issuer Title of ~~Class~~ CUSIP Fair Maket Shares of (ba) ~~Shared Managers Number Value Principal~~ (ab) ~~Sole~~Shared ~~As Defined~~ (c) ~~Shared-~~Managers ~~See~~ (a) (b) (c) ~~Amount~~Class inNumber ~~Instr.~~Value VPrincipal ~~Other~~Sole As Defined Shared- See Instr. V Sole Shared None Amount in Instr. V Other ----------------------------------------------------------------------------------------------------------------------------------- ~~STAAR~~NEXTLINK ~~SURGICAL~~COMMUNICATIONS CO Cmn ~~852312305~~65333H707 ~~268~~6,~~500~~734,852 24191,~~000~~399 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ STNFX ~~JUDE~~6.5% ~~MED~~MIPS ~~INC~~DUE ~~Cmn~~8/15/29 ~~790849103~~Pfd ~~367~~651291205 4,~~000~~152,422 859,000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~STORAGE~~NICOR ~~TECHNOLOGY~~INC Cmn ~~862111200~~654086107 ~~558~~712,~~906~~894 5119,~~100~~700 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~STMICROELECTRONICS~~NORDSTROM 0%INC CBCmn CB655664100 ~~861012AA0 244~~967,~~185,944~~988 7062,~~810~~200 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~STM~~NORTEK ~~ELECTRONICS~~INC 0%Cmn CB656559101 ~~CB 861012AB8 150~~1,~~472~~517,~~920~~250 8786,~~675~~700 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~SUNOCO~~NORTHEAST ~~INC~~UTIL. Cmn ~~86764P109~~664397106 137,~~981~~764,~~144~~444 671,741,300 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SUN~~NOVELLUS ~~MICROSYSTEMS~~SYSTEMS INC Cmn ~~866810104~~670008101 41,~~438~~898,~~023~~167 4840,~~803~~766 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SUPERIOR~~NUCOR ~~INDUSTRIES~~CORP ~~INT'L~~ Cmn ~~868168105~~670346105 ~~329~~2,~~600~~349,750 1278,~~800~~000 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SUPERVALU~~NXTL ~~INC~~35.00 ~~Cmn~~STRIKE ~~868536103~~PUT ~~379~~01/2 Opt (Put) 65332V103 231,~~344~~000 191,~~900~~120 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SPX~~NXTL ~~1300~~37.050 STRIKE PUT 0801/12 Opt (PPut) ~~n/a~~65332V103 ~~525~~293,~~000~~750 1,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SYSCO~~NXTL ~~CORP~~40.0 ~~Cmn~~STRIKE ~~871829107~~PUT ~~446,525~~01/19 10Opt (Put) 65332V103 350,~~600~~000 500 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SUIZA~~OAKWOOD ~~FOODS~~HOMES 58.5125% ~~PFD~~03/01 ~~Pfd~~CB ~~86507G408~~674098AE8 1720,~~793,663~~000 462,~~875~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SPX~~OAKWOOD ~~1225.0~~HOMES ~~STRIKE~~Cmn ~~PUT~~674098108 ~~08/1 Opt (P) n/a 212~~241,500 1161,000 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~SPX~~OCCIDENTAL ~~1250.0~~PETROLEUM ~~STRIKE~~Cmn ~~PUT~~674599105 ~~08/1 Opt (P) n/a 288~~3,~~750~~548,894 1162,~~100~~700 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~406~~61,~~247~~482,~~819~~910 ------------------------------------------------------------------------------------------------------------------------------------

-------------------------- FORM 13F (SEC USE ONLY) Page 40 of 61 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) -------------------------- ------ ------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Maket Shares of (ba) ~~Shared Managers Number Value Principal~~ (ab) ~~Sole~~Shared ~~As Defined~~ (c) ~~Shared-~~Managers ~~See~~ (a) (b) (c) ~~Amount~~Class inNumber ~~Instr.~~Value VPrincipal ~~Other~~Sole As Defined Shared- See Instr. V Sole Shared None Amount in Instr. V Other ------------------------------------------------------------------------------------------------------------------------------------ ~~SPX~~OGE ~~INDEX~~ENERGY ~~1250~~Cmn ~~PUT~~670837103 ~~9/16/00~~622,325 ~~Opt (P) n/a 393~~29,~~750~~200 ~~750~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~TELE~~-~~COMMUNICATIONS~~ ~~(TCI~~OLD ~~PFD)~~KENT ~~Pfd~~FINANCIAL ~~872294202~~Cmn 12679833103 865,~~206,250~~087 6229,~~000~~895 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~AT&T~~OLD ~~CORP~~REPUBLIC ~~6.25%~~INTL ~~MAND~~Cmn ~~PREF~~680223104 ~~Pfd 58440J401 158~~221,~~324,098~~375 19,~~756,900~~200 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~TELEFONICA~~OLIN DECORP ~~ARGENTINA ADR~~ Cmn ~~879378206~~680665205 73168,~~331,242~~350 210,~~090,000~~400 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~TIMBERLAND CO~~ -CL AOMNICOM GROUP Cmn ~~887100105~~681919106 ~~502~~3,~~769~~756,281 751,~~100~~500 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~THERMO~~ON-LINE ~~CARDIOSYS~~SOFTWARE 4INTL 6.~~75%~~25 ~~CON~~ CB ~~88355KAA9~~682180AA2 1518,~~638,180~~760 ~~1,916~~524 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TECNOMATIX~~ORACLE ~~TECH~~SYS ~~5.25%~~CORP ~~REG~~Cmn CB68389X105 ~~878732AD8 822~~2,~~151~~702,464 134,~~137~~317 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~DCLK~~ORB 6710.~~500~~0 STRIKE PUT 01/19/ Opt (PPut) ~~258609304~~685564106 1249,~~175,000~~375 ~~400~~700 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TIDEWATER~~ORB ~~Cmn~~10.000 ~~886423102~~STRIKE ~~464~~PUT 01/2 Opt (Put) 685564106 282,~~400~~188 121,~~900~~075 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TENNECO~~ORB ~~AUTOMOTIVE~~15.000 ~~INC~~STRIKE ~~Cmn~~PUT ~~880349105~~01/1 ~~3,651,900~~Opt ~~695~~(Put) 685564106 356,~~600~~250 500 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TEREX~~ORB ~~CORP~~15.000 ~~Cmn~~STRIKE ~~880779103~~PUT ~~536,750~~01/2 38Opt (Put) 685564106 261,~~000~~225 387 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~THERMO~~ORBITAL ~~FIBERTEK 4.~~5% CB DUE 10/1/02 CB ~~88355WAA3~~685564AC0 1816,~~630,000~~119 21,~~000~~423 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~THERMO~~ORCKIT ~~FIBERTEK~~COMMUNICATIONS ~~4.5%~~Cmn ~~REG~~M7531S107 ~~CB U8835NAA8 2~~464,~~502,050~~225 359,~~070~~900 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~TELEFLEX~~ORCL ~~INC~~25.0 ~~Cmn~~STRIKE ~~879369106~~PUT ~~486~~01/19 Opt (Put) 68389X105 487,~~200~~500 131,~~600~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~257~~11,~~664~~771,~~740~~523 ------------------------------------------------------------------------------------------------------------------------------------

-------------------------- FORM 13F (SEC USE ONLY) Page 41 of 61 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ -------- ----------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Maket Shares of (ba) ~~Shared Managers Number Value Principal~~ (ab) ~~Sole~~Shared ~~As Defined~~ (c) ~~Shared-~~Managers ~~See~~ (a) (b) (c) ~~Amount~~Class inNumber ~~Instr.~~Value VPrincipal ~~Other~~Sole As Defined Shared- See Instr. V Sole Shared None Amount in Instr. V Other ------------------------------------------------------------------------------------------------------------------------------------ ~~TITANIUM~~ORCL ~~METALS 6~~31.~~625%~~25 CVSTRIKE ~~Pfd~~PUT ~~887381408~~01/1 ~~419~~Opt (Put) 68389X105 1,~~011~~825,000 412,~~900~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TEMPLE~~ORCT ~~INLAND~~55.000 ~~INC~~STRIKE ~~Cmn~~PUT ~~879868107~~10/ ~~449,400~~Opt 10(Put) M7531S107 1,~~700~~632,750 420 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TJX~~ORCT ~~COMPANIES~~70.000 ~~Cmn~~STRIKE ~~872540109~~PUT 210/ Opt (Put) M7531S107 1,~~025~~346,~~000~~875 ~~108,000~~250 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TEKELEC~~OVERSEAS ~~3.25%~~SHIPHOLDING ~~OID~~GROUP ~~DUE~~Cmn ~~11/2~~690368105 CB229,950 ~~879101AA1 691~~8,~~250~~400 ~~250~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~TORCHMARK~~OWENS ~~CORP~~CORNING ~~Cmn~~7% ~~891027104~~03/15/200 ~~715~~CB 69073FAE3 680,~~938~~000 292,000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~THERMO~~OWENS ~~ELECTRON~~CORNING 27.~~875~~7% 05/01/2 CB ~~883901AD2~~69073FAC7 2340,~~233,800~~000 21,~~628~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TECHNITROL~~OWENS ~~INC~~CORNING Cmn ~~878555101~~69073F103 ~~910~~872,~~625~~813 9332,~~400~~500 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~TQNT~~OWENS-ILLINOIS ~~47.5~~INC ~~STRIKE~~Cmn ~~PUT~~690768403 ~~02/17~~3,293,000 ~~Opt (P) 89674K103 873~~356,~~750~~000 ~~300~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~TOKHEIM~~PACKAGED ~~CORP~~ICE INC Cmn ~~889073102~~695148106 ~~244~~476,~~400~~575 ~~150~~173,~~400~~300 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~AMTD~~PAINE ~~16.625~~WEBBER ~~STRIKE~~GROUP ~~PUT~~INC 01Cmn ~~Opt~~695629105 ~~(P) 03072H109 2~~118,~~308~~387,~~500~~625 31,~~420~~737,800 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~TRIQUINT~~PALM 4%70.000 CBSTRIKE CBPUT ~~89674KAB9~~ 11/ Opt (Put) 696642107 3,~~467~~550,~~522~~000 122,~~500~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TRIQUINT~~PALM ~~SEMICONDUCTOR~~ INC COM Cmn ~~89674K103~~696642107 1410,~~056~~587,~~494~~500 ~~146~~200,~~900~~000 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~TERRA~~PARKER ~~INDUSTRIES~~DRILLING CO Cmn ~~880915103~~701081101 722,~~569~~562,000 68366,~~300~~000 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~TRIBUNE~~PARTNER 2%COMMUNICATIONS ~~EXCHG INTO AOL~~ CB ~~896047305~~70211MAA7 56492,~~611,364~~500 ~~485,900~~500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 93146,~~079~~276,~~622~~588 ------------------------------------------------------------------------------------------------------------------------------------

-------------------------- FORM 13F (SEC USE ONLY) Page 42 of 61 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ -------- ----------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Maket Shares of (ba) ~~Shared Managers Number Value Principal~~ (ab) ~~Sole~~Shared ~~As Defined~~ (c) ~~Shared-~~Managers ~~See~~ (a) (b) (c) ~~Amount~~Class inNumber ~~Instr.~~Value VPrincipal ~~Other~~Sole As Defined Shared- See Instr. V Sole Shared None Amount in Instr. V Other ------------------------------------------------------------------------------------------------------------------------------------ ~~SPEEDWAY~~PCS ~~MOTORSPORTS 5~~30.~~75%~~000 CBSTRIKE ~~847788AC0~~PUT 01/2 Opt (Put) 852061506 445,~~580,508~~250 2,~~750~~740 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TRY~~PCS 0%35.000 ~~DEB~~STRIKE ~~DUE~~PUT 201/~~9/18~~1 CBOpt ~~895927AB7~~(Put) 4852061506 960,~~510,328~~000 171,~~950~~600 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TELECOMUNICACOES~~PCS ~~-ADR~~40.000 STRIKE PUT 01/1~~:10~~ ~~Cmn~~Opt ~~87929A102~~(Put) ~~119~~852061506 1,~~628~~996,~~640~~875 42,~~397,700~~250 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TITAN~~PCS 540.000 ~~3/4~~STRIKE ~~MIPS~~PUT W01/~~REM~~2 ~~Pfd~~Opt ~~888262300~~(Put) 2852061506 1,~~192~~170,~~141~~313 401,~~000~~750 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~CROWN~~PCS ~~CASTLE~~45.000 ~~INTL~~STRIKE 7%PUT ~~DECS~~01/2 ~~Pfd~~Opt ~~24366F203~~(Put) ~~7,905,000~~852061506 ~~248~~525,000 500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TOWER~~PCS ~~AUTOMOTIVE~~50.000 ~~INC~~STRIKE ~~Cmn~~PUT ~~891707101~~01/2 ~~808,125~~Opt 64(Put) 852061506 1,~~650~~350,000 900 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TIME~~PDLI ~~WARNER~~75.0 ~~INC~~STRIKE ~~Cmn~~PUT ~~887315109~~02/17 ~~13,809,200~~Opt ~~181~~(Put) 74369L103 330,~~700~~000 600 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TEXTRON~~PEGASUS ~~INC~~COMMUNICATIONS Cmn ~~883203101~~705904100 ~~238~~1,~~975~~584,650 432,~~400~~800 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~TEXACO~~PENNEY J C INC Cmn ~~881694103~~708160106 165,~~470~~906,~~225~~250 ~~309~~500,~~300~~000 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~TXU~~PENNZOIL-QUAKER ~~CORP~~STATE(NEW) Cmn ~~873168108~~709323109 13,~~457~~098,~~300~~550 49295,~~400~~100 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~TYCO~~PEOPLES ~~INTERNATIONAL~~ENERGY ~~LTD~~CORP Cmn ~~902124106~~711030106 8283,~~290,625~~688 ~~175~~8,~~000~~500 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~TYC~~PEOPLESOFT 37INC 4.~~500~~75% ~~STRIKE~~REG ~~PUT~~CB ~~10/2~~922091AC7 ~~Opt (P) 902124106 1~~9,~~500~~935,~~000~~380 710,~~500~~712 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~UNOCAL~~PERKINELMER, ~~CORP~~INC ~~Cmn~~0% ~~915289102~~CB 5CB 714046AA7 135,~~379~~566,~~500~~304 ~~162~~198,~~400~~809 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~UNICOM~~PFIZER ~~CORP~~INC Cmn ~~904911104~~717081103 16,~~191~~817,~~575~~019 30151,~~800~~700 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~185~~169,~~962~~969,~~142~~278 ------------------------------------------------------------------------------------------------------------------------------------

-------------------------- FORM 13F (SEC USE ONLY) Page 43 of 61 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ -------- ----------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Maket Shares of (ba) ~~Shared Managers Number Value Principal~~ (ab) ~~Sole~~Shared ~~As Defined~~ (c) ~~Shared-~~Managers ~~See~~ (a) (b) (c) ~~Amount~~Class inNumber ~~Instr.~~Value VPrincipal ~~Other~~Sole As Defined Shared- See Instr. V Sole Shared None Amount in Instr. V Other ------------------------------------------------------------------------------------------------------------------------------------ ~~UNISYS~~PG&E CORP Cmn ~~909214108~~69331C108 ~~862~~1,~~100~~985,794 5982,~~200~~100 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~MEDIAONE~~PHARMACIA ~~GROUP~~CORP ~~INC~~6.5% ~~Cmn~~PFD ~~58440J104~~Pfd ~~231~~611662305 516,~~037,105~~875 310,~~484,~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ USPHELPS ~~UNWIRED~~DODGE ~~INC~~CORP ~~CL-A~~ Cmn ~~90338R104~~717265102 ~~650~~2,~~000~~822,300 5067,~~000~~600 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~UBIQUITEL~~PHILLIPS ~~INC~~PETE CO Cmn ~~903474302~~718507106 ~~707~~1,~~813~~788,375 7528,~~000~~500 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~UNION~~PIER ~~PAC~~1 ~~RES~~IMPORTS ~~GROUP INC~~ Cmn ~~907834105~~720279108 151,~~633~~196,~~200~~213 ~~710~~88,~~600~~200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~PALM~~PILLOWTEX ~~50.0~~CORP ~~STRIKE~~10% ~~PUT 08~~11/1915/2 ~~Opt~~CB ~~(P)~~721501AB0 ~~696642107 10~~297,~~120,775~~000 51,~~362~~650 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~PALM~~PILLOWTEX ~~70.000~~CORP ~~STRIKE~~9% ~~PUT~~12/15/20 11CB ~~Opt~~721501AE4 ~~(P) 696642107 7~~576,~~650,~~000 23,~~000~~200 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~UNITED~~PLANTRONICS ~~RENTALS~~ INC Cmn ~~911363109~~727493108 2224,~~013~~200 5,900 ~~117,600~~ X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~USA~~PLAYTEX ~~NETWORKS~~PRODUCTS INC ~~Cmn~~8.875 ~~902984103~~CB ~~251~~72813PAD2 2,~~758~~000,000 112,~~642~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~UNITED~~PLUM ~~TECHNOLOGIES~~CREEK ~~CORP~~TIMBER ~~Cmn~~INC ~~913017109~~-LP 2Opt (Put) 729251108 359,~~979,075~~231 5016,~~600~~100 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~VALSPAR~~PMC ~~CORP~~- SIERRA SEMICONDUCTOR Cmn ~~920355104~~69344F106 ~~246~~944,~~375~~087 74,~~300~~386 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~VARIAN~~PMI ~~MEDICAL~~GROUP ~~SYSTEMS~~ INC Cmn ~~92220P105~~69344M101 ~~915~~1,~~525~~897,000 2328,~~400~~000 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ VPNC FFINANCIAL ~~CORP~~SERVICES Cmn ~~918204108~~693475105 12,~~338~~528,~~263~~500 5638,~~200~~900 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~VIACOM,~~POLAROID ~~INC.~~CORP ~~- CLASS B~~ Cmn ~~925524308~~731095105 7205,~~684,731~~594 ~~112~~15,~~700~~300 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~282~~17,~~090~~341,~~620~~168 ------------------------------------------------------------------------------------------------------------------------------------

-------------------------- FORM 13F (SEC USE ONLY) Page 44 of 61 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ -------- ----------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Maket Shares of (ba) ~~Shared Managers Number Value Principal~~ (ab) ~~Sole~~Shared ~~As Defined~~ (c) ~~Shared-~~Managers ~~See~~ (a) (b) (c) ~~Amount~~Class inNumber ~~Instr.~~Value VPrincipal ~~Other~~Sole As Defined Shared- See Instr. V Sole Shared None Amount in Instr. V Other ----------------------------------------------------------------------------------------------------------------------------------- ~~VIACOM, INC.~~ - ~~CLASS~~POLYMER AGROUP INC Cmn ~~925524100~~731745105 ~~403~~128,~~413~~325 517,~~900~~400 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~VALERO~~POTASH ~~7.75%~~CORP ~~MAND.~~Cmn ~~CVT~~73755L107 ~~Pfd 91821D107 3~~1,~~969~~161,~~075~~338 ~~150~~22,~~000~~200 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~VALERO~~POTLATCH ~~ENERGY~~ CORP Cmn ~~91913Y100~~737628107 1461,~~555,750~~725 4914,~~000~~600 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~VLASIC~~POTOMAC ~~FOODS~~ELECTRIC ~~INTL~~POWER ~~INC~~ Cmn ~~928559103~~737679100 561,~~875~~181,294 3546,~~000~~900 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~VANTAGEMED~~PRAXAIR ~~CORP~~INC Cmn ~~92208W106~~74005P104 363,~~250~~281,525 2087,~~000~~800 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SEAGRAM~~PRECISION ~~CO.~~CASTPARTS ~~LTD~~CORP Cmn ~~811850106~~740189105 ~~626~~1,~~400~~185,788 1030,~~800~~900 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~VINTAGE~~PRICE ~~PETROLEUM~~(T. ~~INC~~ROWE) ASSOCIATE Cmn ~~927460105~~741477103 ~~347~~565,~~463~~879 1512,~~400~~056 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~VTSS~~PRICE ~~50.0~~COMMUNICATIONS ~~STRIKE~~Cmn ~~PUT~~741437305 ~~01/20 Opt (P) 928497106 587~~1,~~500~~334,163 168,~~000~~200 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~VERIO~~PRICELINE.COM INC 10.~~625%~~ ~~11/15/2~~Cmn CB741503106 ~~923433AN6~~178,125 815,~~338,~~000 ~~7,580~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~VERIO~~PRIDE ~~INC~~INTERNATIONAL ~~Cmn~~0% ~~923433106~~CB ~~69,355,469~~CB 1741932AB3 11,~~250~~025,000 24,500 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~VERITAS~~PRIMUS ~~SOFTWARE~~TELECOMM ~~1.856%~~GROUP CBCmn CB741929103 ~~92343RAA1 336~~95,~~960,202~~000 ~~105~~10,~~648~~000 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~VISHAY~~PROCTER ~~INTERTECHNOLOGY~~& GAMBLE CO Cmn ~~928298108~~742718109 74,~~640~~783,~~613~~800 ~~201~~71,400 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~VIAD~~PROGRESSIVE CORP-OHIO Cmn ~~92552R109~~743315103 ~~239~~548,~~800~~563 86,~~800~~700 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~VIATEL~~PROLOGIS ~~INC~~TRUST Cmn ~~925529208~~743410102 1553,~~002,544~~375 3523,~~100~~300 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~431~~26,~~119~~483,~~352~~897 ------------------------------------------------------------------------------------------------------------------------------------

------------------------- FORM 13F (SEC USE ONLY) Page 45 of 61 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) --------------------- ----------- ---------------- Name of Issuer Title ~~of Class~~ CUSIP Fair ~~Maket~~ Shares of (b) Shared Managers of Number ~~Value~~Maket Principal (a) ~~Sole~~ As Defined (c) ~~Shared-~~ See (a) (b) (c) ~~Amount~~Class inValue ~~Instr.~~Amount VSole ~~Other~~in Shared- Instr. V Sole Shared None Instr. V Other ------------------------------------------------------------------------------------------------------------------------------------ ~~VERIZON~~PROTECTIVE ~~COMM~~LIFE ~~4.25%~~CORP ~~EXCH~~Cmn IN743674103 ~~CB 07785GAC4 91~~702,~~390,020~~063 7423,~~325~~500 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~VERIZON~~PROTEIN ~~COMM~~DESIGN 4LABS 5.25% ~~EXCH IN~~ CB ~~92343V104~~74369LAB9 ~~119~~22,~~311~~904,~~744~~000 9613,~~640~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~VERIZON~~PROVIDIAN ~~COMMUNICATIONS~~FINANCIAL ~~Cmn~~CORP ~~92343V104~~CB 1674406AAA0 23,~~071~~544,~~994~~715 ~~316~~21,~~300~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~WINSTAR~~PROVIDIAN ~~COMMUNICATIONS~~FINANCIAL ~~INC~~CORP Cmn ~~975515107~~74406A102 1,~~764~~625,~~888~~600 5212,~~100~~800 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~WESTERN~~PSINET ~~DIGITAL~~11% ~~Cmn~~SR. ~~958102105~~NOTES ~~375~~08/01 CB 69363VAB3 2,620,000 754,000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~DELL~~PSINET ~~30.0~~INC ~~STRIKE~~Cmn ~~PUT~~74437C101 ~~01/19 Opt (P) 247025109 443~~1,~~750~~755,600 2182,~~000~~400 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~AMZN~~PSIX 4540.0000 STRIKE PUT 01/19 Opt (PPut) ~~023135106~~74437C101 4608,~~656,250~~750 ~~2,500~~200 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~WELLS~~PSIX ~~FARGO~~50.000 COSTRIKE ~~Cmn~~PUT ~~949746101~~01/ ~~697,500~~Opt 18(Put) 74437C101 808,~~000~~750 200 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~WEATHERFORD~~PTEL ~~INTL~~18.150 ~~INC~~STRIKE 0%02/01/2 CBWt CB73936C117 ~~947074AA8 808~~2,~~125~~426,536 134,~~500~~824 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~PSIX~~PUBLIC ~~40.000~~SVC ~~STRIKE~~ENTERPRISES ~~PUT~~Cmn ~~01/~~744573106 ~~Opt~~808,844 ~~(P) 74437C101 343~~18,~~750~~100 ~~200~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~WASHINGTON~~PUGET ~~GAS~~SOUND ~~LIGHT~~POWER CO& LIGHT Cmn ~~938837101~~745332106 ~~283~~291,~~938~~813 11,~~800~~500 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~WHIRLPOOL~~PULTE CORP. Cmn ~~963320106~~745867101 2287,~~741,550~~100 588,~~800~~700 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~VOD~~PVN 4590.0 STRIKE PUT 101/19~~/02~~ Opt (PPut) ~~0719210~~74406A102 ~~330~~365,~~000~~625 ~~300~~450 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~IBM~~QCOM 8072.050 STRIKE PUT 01/~~19/~~2 Opt (PPut) ~~459200101~~747525103 1,~~762~~357,500 31,~~000~~200 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~240~~60,~~981~~106,~~008~~895 ------------------------------------------------------------------------------------------------------------------------------------

------------------------- FORM 13F (SEC USE ONLY) Page 46 of 61 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) --------------------- ----------- ---------------- Name of Issuer Title ~~of Class~~ CUSIP Fair ~~Maket~~ Shares of (b) Shared Managers of Number ~~Value~~Maket Principal (a) ~~Sole~~ As Defined (c) ~~Shared-~~ See (a) (b) (c) ~~Amount~~Class inValue ~~Instr.~~Amount VSole ~~Other~~in Shared- Instr. V Sole Shared None Instr. V Other ------------------------------------------------------------------------------------------------------------------------------------ ~~IBM~~QUALCOMM ~~90.000~~INC ~~STRIKE~~Cmn ~~PUT~~747525103 ~~01/1 Opt (P) 459200101 862~~2,~~500~~750,749 138,~~000~~607 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~WIND~~QWEST ~~RIVER~~COMM TRENDS 5.75% ~~REG~~Pfd CB74912L105 ~~CB 973149AC1 69~~1,~~477~~153,~~343~~956 5514,~~598~~800 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~CSCO~~R ~~42.5~~& ~~STRIKE~~B ~~PUT~~FALCON ~~01/19~~CORP ~~Opt~~INC ~~(P)~~Cmn ~~17275R102~~74912E101 168,~~012~~876,~~500~~338 2,~~000~~470,900 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~AMTD~~RADIAN ~~10.000~~GROUP ~~STRIKE~~INC ~~PUT~~Cmn ~~01/~~750236101 ~~Opt (P) 03072H109 318~~1,626,750 124,~~000~~100 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~WELLPOINT~~RALSTON ~~HLTH~~PURINA ~~NETWRK~~CO ~~-CL~~ Cmn ~~94973H108~~751277302 32,~~180~~030,~~006~~019 4385,~~900~~700 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~WILLIAMS~~RATIONAL ~~COMPANIES~~SOFTWARE ~~Cmn~~5% ~~969457100~~CB 4CB 75409PAC7 195,~~564~~775,~~781~~364 ~~109~~94,~~500~~378 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~MSFT~~RAYTHEON ~~50.0~~CLASS ~~STRIKE~~B ~~PUT~~Cmn ~~01/19~~755111408 ~~Opt (P) 594918104 350~~1,~~000~~822,844 264,~~000~~100 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~MSFT~~RBAK 60120.0 STRIKE ~~PUT~~CALL ~~01/19~~101 Opt (PCall) ~~594918104~~757209101 ~~750~~911,~~000~~250 ~~2,000~~200 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~MSFT~~RBAK 75125.0 STRIKE PUT 0104/192 Opt (PPut) ~~594918104~~757209101 1,750,000 21,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~WASTE~~RBAK ~~MANAGEMENT~~140.0 ~~Cmn~~STRIKE ~~94106L109~~CALL 110/ Opt (Call) 757209101 3,~~850~~427,~~866~~500 971,~~414~~200 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~WAUSAU~~RCN ~~MOSINEE PAPER~~ CORP Cmn ~~943315101~~749361101 ~~101~~890,~~894~~175 1142,900 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~WAL~~READERS ~~MART~~DIGEST ~~STORES~~$1.9336 ~~INC~~Pfd ~~Cmn~~755271202 ~~931142103 10~~16,~~424~~231,~~363~~250 ~~180~~519,~~900~~400 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~WESTWOOD~~REDBACK ~~ONE~~NETWORKS ~~Cmn~~5% ~~961815107~~CB 1CB 757209AB7 53,~~528~~993,~~800~~742 4448,~~800~~636 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~ORCL~~REGIONS 50FINANCIAL CORP.0 ~~STRIKE~~Cmn ~~PUT~~758940100 ~~01/19~~328,969 ~~Opt (P) 68389X105 512~~14,500 ~~1,000~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 96351,~~684~~568,~~303~~904 ------------------------------------------------------------------------------------------------------------------------------------

-------------------------- FORM 13F (SEC USE ONLY) Page 47 of 61 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ -------- ----------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Maket Shares of (ba) ~~Shared Managers Number Value Principal~~ (ab) ~~Sole~~Shared ~~As Defined~~ (c) ~~Shared-~~Managers ~~See~~ (a) (b) (c) ~~Amount~~Class inNumber ~~Instr.~~Value VPrincipal ~~Other~~Sole As Defined Shared- See Instr. V Sole Shared None Amount in Instr. V Other ------------------------------------------------------------------------------------------------------------------------------------ ~~WORTHINGTON~~RENT-A-CENTER ~~INDS~~ INC Cmn ~~981811102~~76009N100 ~~586~~752,~~950~~719 5521,~~900~~700 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~HWP~~REPUBLIC ~~95.000~~SERVICES ~~STRIKE~~Cmn ~~PUT~~760759100 ~~01/1 Opt (P) 428236103 675~~2,~~000~~307,375 1175,~~000~~800 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~AMAT~~REVLON 60INC 8.0625% ~~STRIKE~~CB ~~PUT~~761519AN7 ~~01/19 Opt (P) 038222105 481~~3,915,000 ~~520~~6,750 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~WASHINGTON~~REVLON ~~POST~~INC ~~-CL~~9% B11/01/2006 ~~Cmn~~CB ~~939640108~~761519AQ0 ~~525~~720,~~800~~000 1,~~100~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SEPR~~REVLON 85INC.0 ~~STRIKE~~- ~~PUT~~CL ~~01/19~~A ~~Opt~~Cmn ~~(P)~~761525500 ~~817315104~~300,938 ~~532~~45,~~500~~000 ~~300~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ CRHYTHMS ~~40.0~~NETCONNECTIONS ~~STRIKE~~Cmn ~~PUT~~762430205 ~~01/19/20 Opt (P) 172967101 250~~946,~~000~~213 1128,~~000~~300 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~ORB~~RII 1512.~~000~~500 STRIKE PUT 01/12 Opt (PPut) ~~685564106~~767754104 ~~259~~537,~~375~~ 500 1,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~WEIRTON~~RITE ~~STEEL~~AID ~~CORP~~CORPORATION ~~Cmn~~6% ~~948774104~~12 ~~201~~CB 767754AP9 875,~~825~~000 622,~~100~~500 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~WESTVACO~~RITE ~~CORP~~AID ~~Cmn~~CORPORATION ~~961548104~~7.125 ~~712~~CB 767754AH7 1,~~119~~400,000 284,~~700~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~WMI~~RITE ~~12.500~~AID ~~STRIKE~~CORPORATION ~~PUT~~7.625 ~~01/1~~CB ~~Opt~~767754AF1 ~~(P) 94106L109 323~~740,~~438~~000 2,~~300~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~PCS~~ROCHE ~~35.000~~INTO ~~STRIKE~~DNA ~~PUT~~0% ~~01/~~DUE 1/19 ~~Opt~~CB ~~(P)~~771196AG7 ~~852061506 330~~1,~~000~~432,857 1,~~600~~505 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~PCS~~ROWAN ~~40.000~~COS ~~STRIKE~~INC ~~PUT~~Cmn ~~01/1~~779382100 ~~Opt (P) 852061506 717~~4,~~188~~938,700 2170,~~250~~300 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~AMD~~ROYAL ~~50.0~~CARIBBEAN ~~STRIKE~~CRUISES ~~PUT~~Cmn ~~01/19/~~V7780T103 ~~Opt~~1,590,732 ~~(P) 007903107 471~~61,~~875~~800 ~~500~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~AMT~~ROYAL ~~30.000~~DUTCH ~~STRIKE~~PETRO ~~CALL~~NY ~~01/~~Cmn ~~Opt~~780257804 ~~(C) 029912201 566~~6,~~250~~131,606 102,300 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 626,~~633~~588,~~319~~639 ------------------------------------------------------------------------------------------------------------------------------------

-------------------------- FORM 13F (SEC USE ONLY) Page 48 of 61 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ -------- ----------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Maket Shares of (ba) ~~Shared Managers Number Value Principal~~ (ab) ~~Sole~~Shared ~~As Defined~~ (c) ~~Shared-~~Managers ~~See~~ (a) (b) (c) ~~Amount~~Class inNumber ~~Instr.~~Value VPrincipal ~~Other~~Sole As Defined Shared- See Instr. V Sole Shared None Amount in Instr. V Other ------------------------------------------------------------------------------------------------------------------------------------ ~~WESTERN~~RPM, ~~WIRELESS CORP~~INC. Cmn ~~95988E208~~749685103 ~~872~~229,~~000~~281 1625,~~000~~300 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SCH~~RSL ~~20.0~~COMMUNICATIONS ~~STRIKE~~PLC ~~PUT~~9.1 ~~01/19/~~CB ~~Opt~~74972EAC2 ~~(P) 808513105 262~~2,~~500~~248,750 112,~~000~~850 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~AMZN~~RYDER ~~30.0~~SYS ~~STRIKE~~INC ~~PUT~~Cmn ~~01/19~~783549108 ~~Opt (P) 023135106 2~~3,~~700~~729,~~000~~906 3202,~~000~~300 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~AMZN~~RYERSON ~~40.0~~TULL ~~STRIKE~~INC ~~PUT~~Cmn ~~01/19~~78375P107 ~~Opt (P) 023135106~~ 3,~~075~~848,~~000~~613 2407,~~000~~800 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~MWD~~RYLAND 70GROUP 9.~~000~~75% ~~STRIKE~~DUE ~~PUT 01~~9/2 ~~Opt~~CB ~~(P)~~783764AF0 ~~617446448 531~~1,~~250~~000,000 1,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~XLNX~~SAFEGUARD ~~100.0~~SCIENTIFICS ~~STRIKE~~5% ~~CALL~~CB ~~01/~~786449AD0 ~~Opt~~1,050,283 ~~(C) 983919101 525~~1,~~000~~040 ~~500~~ X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~EXXON~~SAFEGUARD ~~MOBIL~~SCIENTIFICS ~~CORP~~5% ~~Cmn~~CB ~~30231G102~~786449AE8 114,~~122~~461,~~550~~482 14,~~300~~320 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~LHSP~~SAFEWAY ~~45.00~~INC ~~STRIKE~~Cmn ~~PUT~~786514208 ~~09/~~1 ~~Opt (P) B5628B104 1~~,~~046~~190,~~250~~531 125,~~800~~500 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~LHSP~~SALOMON ~~42.50 STRIKE PUT 09/1 Opt~~ (PBROADWING INC) ~~B5628B104~~Pfd ~~450~~79549B867 15,~~000~~414,963 1146,~~000~~200 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~NBCI~~SALTON ~~75.000~~INC ~~STRIKE~~Cmn ~~PUT~~795757103 ~~09/~~623,631 ~~Opt (P) 62873D105 3~~19,~~125,000~~300 ~~500~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~XEROX~~SANM ~~CORP~~60.0 ~~Cmn~~STRIKE ~~984121103~~PUT ~~11,429,100~~01/19 ~~550~~Opt (Put) 800907107 337,~~800~~500 450 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~USX~~SANM ~~CORP~~70.0 ~~Cmn~~STRIKE ~~90337T101~~PUT ~~425~~01/19 Opt (Put) 800907107 2,~~081~~906,250 222,~~900~~500 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~CTXS~~SANMINA 804.0025% ~~STRIKE~~CB ~~PUT~~DUE 095/1/2 ~~Opt~~CB ~~(P)~~800907AB3 ~~177376100 6~~30,~~112~~558,~~500~~458 113,~~000~~900 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~CTXS~~SANMINA ~~90.000~~CORP ~~STRIKE~~0% ~~PUT~~CB 09DUE 9/1 ~~Opt~~CB ~~(P)~~800907AC1 ~~177376100 2~~8,~~133~~339,~~750~~749 ~~300~~20,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 3385,~~809~~939,~~981~~396 ------------------------------------------------------------------------------------------------------------------------------------

-------------------------- FORM 13F (SEC USE ONLY) Page 49 of 61 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ -------- ----------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Maket Shares of (ba) ~~Shared Managers Number Value Principal~~ (ab) ~~Sole~~Shared ~~As Defined~~ (c) ~~Shared-~~Managers ~~See~~ (a) (b) (c) ~~Amount~~Class inNumber ~~Instr.~~Value VPrincipal ~~Other~~Sole As Defined Shared- See Instr. V Sole Shared None Amount in Instr. V Other ------------------------------------------------------------------------------------------------------------------------------------ ~~YAHOO!~~SAP ~~INC~~AG ~~Cmn~~- ~~984332106~~SPONS 14ADR PFD 1:1 Pfd 803054204 3,~~505~~075,~~763~~000 ~~117~~50,~~100~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~UMG~~SBC ~~50.000~~COMMUNICATIONS ~~STRIKE~~INC ~~CALL~~Cmn ~~07/~~78387G103 ~~Opt (C) 58440J104 15~~7,~~661~~269,~~200~~950 9145,~~600~~399 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~YHOO~~SCH ~~150~~30.000 STRIKE PUT 0701/19/ Opt (PPut) ~~984332106~~808513105 ~~548~~487,~~750~~500 ~~200~~1,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~YOUNG~~SCHERING &PLOUGH ~~RUBICAM~~CORP ~~INC~~ Cmn ~~987425105~~806605101 ~~149~~916,~~185,031~~050 219,~~608,~~700 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~AMZN~~SCHLUMBERGER ~~70.000~~LTD ~~STRIKE~~Cmn ~~PUT~~806857108 ~~01/ Opt (P) 023135106~~ 3,~~475~~374,~~000~~813 141,000 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~AMZN~~SDL ~~75.000~~INC ~~STRIKE~~Cmn ~~PUT~~784076101 ~~01/ Opt (P) 023135106 1~~20,~~962~~414,~~500~~625 ~~500~~66,000 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~YHOO~~SEAGATE ~~155.00~~TECHNOLOGY ~~STRIKE~~Cmn ~~PUT~~811804103 ~~07/~~346,462,800 ~~Opt (P) 984332106 1~~5,~~600~~021,~~000~~200 ~~500~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~YHOO~~SEAGRAM ~~160~~CO.00 ~~STRIKE~~LTD. ~~PUT~~Cmn ~~07/~~811850106 ~~Opt~~91,130,338 ~~(P) 984332106 3~~1,~~296~~586,~~250~~600 ~~900~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~AMZN~~SEALED ~~50.00~~AIR ~~STRIKE~~CORP ~~PUT~~4% ~~01/2~~CV ~~Opt~~PFD ~~(P)~~Pfd ~~023135106~~81211K209 59,~~816~~736,~~250~~041 3214,~~300~~825 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~AMZN~~SEARS ~~55.000~~ROEBUCK ~~STRIKE~~& ~~PUT~~CO ~~01/~~Cmn ~~Opt~~812387108 ~~(P) 023135106 6~~3,~~234~~206,~~375~~338 298,~~850~~900 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~MER~~SEMCO ~~80.000~~ENERGY ~~STRIKE~~11% ~~PUT~~MAND. ~~01/2~~Pfd ~~Opt~~78412D307 ~~(P) 590188108 275~~13,~~000~~990,089 1,~~000~~215,800 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ LUSEMTECH 554.~~000~~5% ~~STRIKE~~CB ~~PUT~~DUE 012/1/20 ~~Opt~~CB ~~(P)~~816850AD3 ~~549463107 256~~5,~~250~~366,430 4,500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~PSIX~~SEPR 5060.~~000~~0 STRIKE ~~PUT~~CALL 01/2 Opt (PCall) ~~74437C101~~817315104 ~~513~~323,~~750~~125 ~~200~~50 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ GPSEPR 3575.000 STRIKE PUT 01/20 Opt (PPut) ~~373298108~~817315104 ~~370~~424,000 ~~400~~200 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~203~~506,~~700~~177,~~119~~098 ------------------------------------------------------------------------------------------------------------------------------------

-------------------------- FORM 13F (SEC USE ONLY) Page 50 of 61 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ -------- ----------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Maket Shares of (ba) ~~Shared Managers Number Value Principal~~ (ab) ~~Sole~~Shared ~~As Defined~~ (c) ~~Shared-~~Managers ~~See~~ (a) (b) (c) ~~Amount~~Class inNumber ~~Instr.~~Value VPrincipal ~~Other~~Sole As Defined Shared- See Instr. V Sole Shared None Amount in Instr. V Other ------------------------------------------------------------------------------------------------------------------------------------ ~~LEH~~SEPR 8085.~~000~~0 STRIKE PUT 01/219 Opt (PPut) ~~524908100~~817315104 ~~668~~450,~~750 1,~~000 300 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SUNW~~SEPRACOR ~~70.0~~5% ~~STRIKE~~CB ~~PUT~~CB ~~01/20~~817315AL8 ~~Opt~~66,214,694 ~~(P) 866810104 207~~44,~~500~~200 ~~400~~ X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SUNW~~SEPRACOR ~~75.000~~INC ~~STRIKE~~7% ~~PUT~~CB ~~01/~~CB ~~Opt~~817315AH7 ~~(P)~~52,260,985 ~~866810104 350~~25,~~000~~200 ~~500~~ X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~AMT~~SIEBEL 30SYSTEMS INC.~~000~~ ~~STRIKE~~5.50% ~~CALL~~CB ~~01/~~826170AC6 ~~Opt~~134,283,213 ~~(C) 029912201 570~~27,~~000~~695 ~~400~~ X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~AMT~~SILGAN ~~40.000~~HOLDINGS ~~STRIKE~~Cmn ~~CALL~~827048109 ~~01/~~439,550 ~~Opt (C) 029912201 498~~47,~~750~~200 ~~600~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~MSFT~~SIMON ~~75.000~~PROPERTY ~~STRIKE~~GROUP ~~PUT~~INC ~~01/~~Cmn ~~Opt~~828806109 ~~(P)~~457,031 ~~594918104 1~~19,~~087,~~500 ~~2,000~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~MSFT~~SINCLAIR ~~80.000~~BROADCASTING ~~STRIKE~~GROUP ~~PUT~~Cmn ~~01/~~829226109 ~~Opt (P) 594918104 781~~2,~~250~~402,969 1219,~~000~~700 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~MSFT~~SIX ~~95.000~~FLAGS ~~STRIKE~~INC ~~PUT~~Cmn ~~01/~~83001P109 ~~Opt (P) 594918104 1~~2,~~712~~301,~~500~~750 1148,~~000~~500 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~MSFT~~SMITH ~~62.50~~INTL ~~STRIKE~~Cmn ~~PUT~~832110100 ~~01/~~2 ~~Opt (P) 594918104 533~~,~~750~~577,375 231,~~800~~600 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~QCOM~~SNAP ~~72.50~~ON ~~STRIKE~~INC ~~PUT~~Cmn ~~01/2~~833034101 ~~Opt (P) 747525103 2~~530,~~490,000~~156 122,~~200~~500 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~SEPR~~SOLECTRON ~~60.~~0% ~~STRIKE~~OID ~~CALL~~DUE 015/8/2 ~~Opt~~CB ~~(C)~~834182AK3 ~~817315104~~345,026,400 ~~328~~511,~~750~~500 50 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SEPR~~SOURCE 75MEDIA 11.000 STRIKE ~~PUT~~Pfd ~~01/~~836153130 ~~Opt~~32,700 ~~(P) 817315104 462~~109,~~500~~000 ~~200~~ X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~LSI~~SOURCE ~~50.000~~MEDIA ~~STRIKE~~INC ~~PUT~~12% 0111/201 ~~Opt~~CB ~~(P)~~836153AC0 ~~502161102 906~~2,~~250~~104,200 15,~~000~~010 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~MAT~~SOURCE ~~20.000~~MEDIA ~~STRIKE~~INC ~~PUT~~Cmn ~~1/20~~836153304 ~~Opt~~622,882 ~~(P) 577081102 322~~115,~~500~~885 ~~500~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 10609,~~920~~703,~~000~~905 ------------------------------------------------------------------------------------------------------------------------------------

-------------------------- FORM 13F (SEC USE ONLY) Page 51 of 61 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 6: Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares) ------------------------ -------- ----------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Maket Shares of (ba) ~~Shared Managers Number Value Principal~~ (ab) ~~Sole~~Shared ~~As Defined~~ (c) ~~Shared-~~Managers ~~See~~ (a) (b) (c) ~~Amount~~Class inNumber ~~Instr.~~Value VPrincipal ~~Other~~Sole As Defined Shared- See Instr. V Sole Shared None Amount in Instr. V Other ------------------------------------------------------------------------------------------------------------------------------------ ~~YHOO~~SOUTHERN ~~140.00~~CO ~~STRIKE~~Cmn ~~PUT~~842587107 ~~01/ Opt (P) 984332106 1~~3,~~337~~678,~~500~~413 113,400 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ MUSOVEREIGN 60BANCORP 7.005% ~~STRIKE~~CB ~~PUT~~CB ~~01/20/~~845905306 ~~Opt (P) 595112103~~ 1,~~037~~014,~~500~~152 218,~~000~~100 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~------------------------------------------------------------------------------------------------------------------------------------~~SPECTRASITE HOLDINGS INC Pfd 84760T100 928,125 50,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ SPEEDWAY MOTORSPORTS 5.75% CB 847788AC0 2,463,230 2,750 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ SPRING INDS INC CL A Cmn 851783100 326,975 11,600 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ SPX 1250.0 STRIKE PUT 10/2 Opt (Put) 784635104 326,375 3,730 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ SPX 1275.0 STRIKE PUT 11/1 Opt (Put) 784635104 2,531,250 5,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ SPX 1275.0 STRIKE PUT 12/1 Opt (Put) 784635104 730,000 800 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ SPX 1300.0 STRIKE PUT 06/1 Opt (Put) 784635104 1,800,000 500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ SPX CORP Cmn 784635104 667,106 4,700 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ STANDARD PACIFIC CORP 9.50 CB 85375CAJ0 500,000 500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ STARWOOD HOTELS & RESORT Cmn 85590A203 2,003,125 64,100 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ STILLWATER MINING CO. Cmn 86074Q102 473,725 17,500 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~COLUMN~~STLW ~~TOTALS~~45.00 2STRIKE PUT 03/1 Opt (Put) 863100103 1,~~375~~811,~~000~~250 900 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~LONG~~COLUMN ~~MARKET~~TOTALS ~~VALUE 7~~19,~~348~~253,~~411,497~~725 ------------------------------------------------------------------------------------------------------------------------------------

Filing Compare · CITADEL LIMITED PARTNERSHIP