13F-HR 1 d13fhr.txt FORM 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: JUNE 30, 2001 Check here if Amendment [X]; Amendment Number:___________ This Amendment (Check only one.): [_] is a restatement. [_] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: CITADEL LIMITED PARTNERSHIP Address: 225 WEST WASHINGTON 9/TH/ FLOOR CHICAGO, IL 60606 Form 13F File Number: 28-5912 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: GERALD A. BEESON Title: MANAGING DIRECTOR, FINANCE AND ACCOUNTING Phone: (312) 696-2121 Signature, Place, and Date of Signing: CHICAGO, ILLINOIS 09/1/01 ________________________ ----------------- ------- [Signature] [City, State] [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: 1,263 Form 13F Information Table Value Total: $9,120,334 (thousands) List of Other Included Managers: NONE

-------------------- ~~Page 1 of 64~~ FORM 13F (SEC USE ONLY) -Page --1 of 91 Name of Reporting Manager Citadel Limited Partnership - -- --------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------------ ~~Item 7:~~ -------------------- Name of Issuer Title of CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ----------------------------------------------------------------------------------------------------------------------------------- ~~AAPL~~ALCOA 15INC 6.0050% ~~STRIKE~~DUE ~~PUT 01~~6/21/20 ~~Opt~~Corp ~~(P)~~Bond ~~037833100~~013817AD3 ~~609~~7,~~375~~940,000 58,000 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~AAPL~~APPLE ~~17.50~~COMPUTER ~~STRIKE~~INC ~~PUT~~Cmn ~~01/2 Opt (P)~~ 037833100 12,~~212~~478,~~500~~752 4106,~~000~~613 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~ACE~~ALCOA ~~LTD~~INC CMN STOCK Cmn ~~G0070K103~~013817101 15,~~731~~393,~~450~~624 40136,~~800~~894 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~ACS~~APPLIED ~~50.0~~BIOSYSTEMS- ~~STRIKE~~APLERA ~~PUT~~Cmn ~~07/21/~~038020103 ~~Opt (P) 008190100 440~~6,~~625~~313,187 1236,~~500~~007 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~ACTUANT~~ADELPHIA ~~CORPORATION~~BUSINESS ~~-CL~~SOLUTION A Cmn ~~00508X203~~006847107 41,~~500~~560,~~000~~440 1380,~~500,000~~595 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~ACXIOM~~AMBAC ~~(OLD~~FINANCIAL ~~MAY~~GROUP &INC ~~SPEH)~~Cmn 5.023139108 ~~CB 577777AA3 6~~2,~~746,~~306,815 339,~~380~~636 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~ADELPHIA~~ABN ~~BUSINESS~~AMRO ~~SOLUTION~~HOLDING NV -SP ADR Cmn ~~6847107~~00937102 ~~141~~241,~~929~~755 3312,~~395~~771 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~ADI~~ALBERTSONS ~~70.0~~INC ~~STRIKE~~Cmn ~~PUT~~013104104 ~~01/19/ Opt (P) 32654105~~ 2,~~562~~436,~~500~~927 181,~~000~~258 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~ADOBE~~ABBOTT ~~SYSTEMS~~LABS Cmn ~~00724F101~~02824100 216,~~647~~486,~~240~~538 45343,~~495~~398 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~ADOLPH~~BARRICK ~~COORS~~GOLD ~~COMPANY~~CORP ~~CLASS~~ Cmn ~~217016104~~067901108 ~~546~~4,~~125~~966,215 6327,~~800~~803 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~ADVANCED~~ABITIBI-CONSOLIDATED ~~MICRO~~INC ~~DEVICES~~ Cmn ~~7903107~~03924107 4430,~~236,294~~695 ~~306~~56,~~700~~300 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~AEP~~AMERICAN ~~INDUSTRIES~~CAPITAL ~~INC~~STRATEGIE Cmn ~~1031103~~024937104 ~~397~~2,~~719~~104,500 875,~~900~~000 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~AES~~ARMSTRONG ~~CORPORATION~~HOLDINGS 96.~~375~~35% ~~DUE~~0 CBCorp ~~00104CAA6~~Bond ~~500~~042476AG6 5,~~000~~611,200 ~~500~~13,360 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~AFFILIATED~~ARMSTRONG ~~COMPUTER~~HOLDINGS ~~SVSC~~6.5% ~~Cmn~~08 ~~8190100~~Corp ~~224~~Bond 042476AD3 840,~~544~~000 32,~~700~~000 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~AGILENT~~ARMSTRONG ~~TECHNOLOGIES~~HOLDINGS ~~INC~~7.45% ~~Cmn~~0 ~~00846U101~~Corp Bond 042476AH4 1,~~202~~869,~~693~~000 214,~~967~~450 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS 2760,~~699~~979,~~300~~649 -----------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 2 of 64~~ FORM 13F (SEC USE ONLY) -Page --2 of 91 Name of Reporting Manager Citadel Limited Partnership - -- --------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------------ ~~Item 7:~~ -------------------- Name of Issuer Title of CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~AKAMAI~~ARMSTRONG ~~TECHNOLOGIES~~WORLD ~~5 1/2~~7.45% CBPFD ~~00971TAC5~~Pfd 12042476606 465,~~844,041~~000 3050,~~750~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~ALKERMES~~ARMSTRONG ~~3.75~~WORLD 9% CBOF ~~DUE 2~~6/15 CBCorp ~~01642TAB4~~Bond 1404248#AB6 1,~~639~~260,~~738~~420 223,~~250~~001 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~ALKS~~ARMSTRONG 25HOLDINGS 9.~~000~~75% ~~STRIKE~~0 ~~PUT~~Corp ~~05/~~Bond ~~Opt~~042476AA9 ~~(P) 01642T108 267~~264,~~188~~600 ~~750~~630 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~ALLEGIANCE~~ARMSTRONG ~~TELECOM~~HOLDINGS INC Cmn ~~01747T102~~042384107 ~~289~~2,~~453~~624,160 13739,~~000~~200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~ALLIANCE~~ACTRADE ~~CAPITAL~~FIN'L ~~MGMT~~TECHNOLOGIES ~~-LP~~ Cmn ~~01855A101~~00507P102 ~~521~~221,~~438~~034 109,~~300~~350 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~ALLIED~~AFFILIATED ~~RISER~~COMPUTER ~~COMMUNICATIONS~~SVSC CBCmn ~~019496AB4~~008190100 43,~~006~~351,~~448~~006 1746,~~350~~600 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~ALLIED~~ALLIANCE ~~WASTE~~CAPITAL ~~7.875%~~MGMT ~~SR.~~-LP UNCmn CB01855A101 ~~01958XAM9 5~~339,~~142,500~~584 56,~~500~~400 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~ALLIED~~ALBERTO ~~WASTE~~CULVER ~~INDS~~CO ~~INC~~ Cmn ~~19589308~~013068101 1953,~~332,469~~509 9122,~~500~~681 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~ALTERA~~ACXIOM ~~CORP~~(OLD ~~CMN~~MAY ~~STK~~& ~~Cmn~~SPEH) ~~21441100~~ 5. Conv Bond 577777AA3 1,~~075~~285,~~102~~943 ~~192~~1,~~878~~380 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~ALTR~~ACXIOM ~~35.0~~CORP ~~STRIKE~~CMN ~~PUT~~STK ~~01/20~~Cmn ~~Opt~~005125109 ~~(P) 021441100 893~~554,~~750~~113 142,~~000~~331 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~ALTR~~ADOBE ~~40.0~~SYSTEMS ~~STRIKE~~Cmn ~~PUT~~00724F101 ~~01/19 Opt (P) 021441100~~ 1,~~737~~780,~~500~~877 137,~~000~~891 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~ALTR~~ADC ~~40.000~~TELECOMMUNICATIONS ~~STRIKE~~INC ~~CALL~~Cmn 06000886101 ~~Opt (Call) 021441100 312~~2,~~500~~600,228 1393,~~000~~974 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~ALTR~~ANALOG ~~42.5~~DEVICES ~~STRIKE~~INC ~~PUT~~Cmn ~~01/19~~032654105 ~~Opt (P) 021441100 1~~10,~~937~~902,~~500~~936 1252,~~000~~091 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~ALZA~~ARCHER ~~CORP~~DANIELS ~~COMMON~~MIDLAND ~~AZA~~ Cmn ~~22615108~~039483102 31,~~820~~303,~~750~~133 89100,~~900~~241 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 5227,~~820~~906,~~376~~544 ------------------------------------------------------------------------------------------------------------------------------------

---------------------~~----~~ ~~Page 3 of 64~~ FORM 13F (SEC USE ONLY) -Page --3 of 91 Name of Reporting Manager Citadel Limited Partnership - -- --------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 68: Item 86: ~~Investment Discretion~~ Voting ~~Authority (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ----------------------- ~~Item 7:~~ ------- -------------------- Name of Issuer Title of CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole in Instr. V Other Instr. V Sole Shared None ----------------------------------------------------------------------------------------------------------------------------------- ~~AMAT~~AUTOMATIC 40DATA PROC.~~000~~ ~~STRIKE~~Cmn ~~PUT~~053015103 ~~01/~~18,323,744 ~~Opt (P) 038222105 236~~368,~~250~~687 ~~600~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~AMAT~~AUTODESK ~~60.0~~INC ~~STRIKE~~Cmn ~~PUT~~052769106 ~~01/19~~317,908 ~~Opt (P) 038222105 1~~8,~~319,500~~523 ~~520~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~AMBAC~~AMEREN ~~FINANCIAL~~CORP ~~GROUP INC~~ Cmn ~~23139108~~023608102 21,~~758~~082,~~181~~189 4725,~~300~~344 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~AMD~~AEP 126.5125% ~~STRIKE~~DUE ~~PUT 01~~5/2015/2006 ~~Opt~~S ~~(P)~~Corp ~~007903107~~Bond ~~215~~025537AA9 4,~~625~~975,000 35,000 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~AMD~~AMERICAN ~~15.0~~ELEC ~~STRIKE~~PWR ~~PUT~~INC ~~01/20/~~Cmn ~~Opt~~025537101 ~~(P) 007903107 418~~9,~~750~~084,686 2196,~~000~~766 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~AMD~~AES ~~25.0~~CORP ~~STRIKE~~Cmn ~~PUT~~00130H105 ~~01/19/ Opt (P) 007903107~~ 3,~~675~~636,~~000~~692 384,~~000~~476 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~AMER~~AETNA ~~CLASSIC~~INC ~~VOYAGES~~- 7%NEW ~~Pfd~~Cmn ~~1648203~~00817Y108 ~~334~~679,~~080~~812 1126,~~600~~278 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~AMER~~AFLAC ~~SKIING~~INC CO Cmn ~~29654308~~001055102 ~~229~~4,~~281~~356,516 ~~159~~138,~~500~~346 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~AMERICAN~~ARGENTINA ~~ELEC~~FUND ~~PWR~~ INC Cmn ~~25537101~~040112104 2413,~~655,150~~216 5734,~~100~~900 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~AMERICAN~~AGC ~~EXPRESS CO~~30.0 ~~Cmn~~STRIKE ~~25816109~~CALL 410/20 Opt(Call) 026351106 45,~~136~~152,~~739~~000 7527,~~299~~200 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- AMERICAN ~~GREETINGS~~GEN CORP~~-CL~~ Cmn ~~26375105~~026351106 ~~536~~154,~~050~~781,201 563,~~800~~332,211 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~AMERICAN~~EDWARDS ~~HOME~~(A ~~PRODUCTS~~G) INC Cmn ~~26609107~~281760108 ~~703~~2,~~943~~749,500 1161,~~077~~100 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~AMERICAN~~ALLERGAN ~~TOWER~~INC ~~2.25%~~Cmn ~~OID~~018490102 ~~D CB 029912AD4 87~~1,~~062~~788,~~127~~147 7120,~~945~~914 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~AMERITRADE~~AMERADA ~~5.75%~~HESS CBCORP ~~DUE~~Cmn 8/023551104 ~~CB 03072HAB5 8~~1,~~615~~138,~~254~~068 1814,~~390~~085 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ~~112~~248,~~895~~478,~~930~~678 -----------------------------------------------------------------------------------------------------------------------------------

----------------------~~---~~ ~~Page 4 of 64~~ FORM 13F (SEC USE ONLY) -Page --4 of 91 Name of Reporting Manager Citadel Limited Partnership - -- --------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 68: Item 86: ~~Investment Discretion~~ Voting ~~Authority (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ----------------------- ~~Item 7:~~ ------- -------------------- Name of Issuer Title of CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole in Instr. V Other Instr. V Sole Shared None ----------------------------------------------------------------------------------------------------------------------------------- ~~AMERN~~APRIA ~~AXLE~~HEALTHCARE &GROUP ~~MFG HLDGS~~ INC Cmn ~~24061103~~037933108 ~~165~~1,~~100~~240,550 2043,~~800~~000 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~AMES~~AMERICAN ~~DEPARTMENT~~HOME ~~STORES~~PRODUC C6.7% ~~Cmn~~Corp ~~30789507~~Bond 1026609AM9 2,~~010~~955,~~518~~000 ~~702~~3,~~969~~000 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~AMES~~AMERICAN ~~DEPT~~HOME ~~STORES~~PRODUCTS ~~INC~~Cmn ~~10%~~026609107 ~~0 CB 030789AM3 1~~14,~~215~~142,~~000~~246 9241,~~000~~996 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~AMKOR~~AMERICAN ~~TECHNOLOGY,~~INTL GROUP INC. Cmn ~~31652100~~026874107 531,~~762~~793,~~503~~082 ~~371~~369,~~400~~687 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~AMPHENOL~~ALBANY ~~CORP~~INTERNATIONAL Cmn ~~32095101~~012348108 1253,~~465,613~~260 3713,400 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~AMR~~GALLAGHER ~~CORPORATION~~(ARTHUR J.) & CO Cmn ~~1765106~~363576109 21,~~061~~183,~~263~~000 5245,~~600~~500 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~AMT~~AKAMAI ~~30.000~~TECHNOLOGIES ~~STRIKE~~5 ~~CALL 01~~1/2% ~~Opt~~Conv ~~(Call)~~Bond ~~029912201~~00971TAC5 ~~332~~5,~~500~~470,224 ~~400~~11,750 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~AMT~~ADI 3070.~~000~~0 STRIKE ~~CALL~~PUT 01/19/ Opt (~~Call~~Put) ~~029912201~~032654105 ~~408~~2,750,000 ~~300~~1,000 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~AMT~~AK ~~30.000~~STEEL ~~STRIKE~~COMMON ~~PUT~~STOCK ~~01/1~~Cmn ~~Opt~~001547108 ~~(P) 029912201 431~~176,~~250~~814 114,~~000~~100 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~AMTD~~ALGOMA 10STEEL 12.0375% ~~STRIKE~~1ST ~~PUT~~M ~~01/18~~Corp ~~Opt~~Bond ~~(P)~~01566MAA3 ~~03072H109~~980,000 ~~240~~4,~~625~~900 ~~500~~ X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~AMTD~~ALLEGIANCE ~~10.000~~TELECOM ~~STRIKE~~INC ~~PUT~~Cmn ~~01/~~01747T102 ~~Opt (P) 03072H109 3~~966,~~749,688~~855 864,~~450~~500 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~AMTD~~ALKERMES 153.075% ~~STRIKE~~CB ~~PUT~~DUE 012/1915 ~~Opt~~Conv ~~(P)~~Bond ~~03072H109~~01642TAB4 ~~875~~6,~~000~~545,158 18,~~000~~750 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~AMTD~~ALLSTATE ~~16.625~~CORP ~~STRIKE~~Cmn ~~PUT~~020002101 ~~01/ Opt (P) 03072H109 3~~5,~~270~~879,~~375~~132 3133,~~420~~647 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~AMTD~~ALTERA ~~20.0~~CORP ~~STRIKE~~Cmn ~~PUT~~021441100 ~~01/19 Opt (P) 03072H109 1~~5,~~337~~595,~~500~~695 1192,~~000~~955 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS 2279,~~325~~931,~~684~~016 -----------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 5 of 64~~ FORM 13F (SEC USE ONLY) -Page --5 of 91 Name of Reporting Manager Citadel Limited Partnership - -- --------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------------ ~~Item 7:~~ -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ----------------------------------------------------------------------------------------------------------------------------------- ~~AMZN~~ALCAN ~~15.0~~INC ~~STRIKE~~Cmn ~~PUT~~013716105 ~~01/18 Opt (P) 023135106 612~~2,~~500~~124,741 150,~~000~~565 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~AMZN~~APPLIED ~~20.0~~MATERIAL ~~STRIKE~~Cmn ~~PUT~~038222105 ~~01/18 Opt (P) 023135106 1~~9,~~987~~991,~~500~~015 2203,~~000~~483 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~AMZN~~APPLIED ~~25.000~~MICRO ~~STRIKE~~CIRCUITS ~~PUT~~Cmn ~~01/~~03822W109 ~~Opt (P) 023135106 2~~951,~~817,500~~487 255,~~300~~319 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~AMZN~~AMD 3025.0 STRIKE PUT 01/19/ Opt (PPut) ~~023135106~~G02602103 81,~~125~~035,000 53,000 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~AMZN~~AMD 3527.05 STRIKE PUT 01/1819/ Opt (PPut) ~~023135106~~G02602103 4910,~~375,~~000 2,000 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~AMZN~~ADVANCED ~~40.0~~MICRO ~~STRIKE~~DEVICES ~~PUT~~Cmn ~~01/18~~007903107 ~~Opt (P) 023135106 1~~5,~~306~~973,~~250~~453 ~~500~~206,837 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~AMZN~~AMES ~~40.0~~DEPT ~~STRIKE~~STORES ~~PUT~~INC ~~01/19~~10% ~~Opt~~0 ~~(P)~~Corp ~~023135106~~Bond 5030789AM3 2,~~037~~117,500 219,~~000~~250 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~AMZN~~HILLS 45STORES ~~STRIKE~~12.5% ~~PUT~~SR ~~04/21/2~~NOTE ~~Opt~~Corp ~~(P)~~Bond ~~023135106~~431692AC6 2225,~~950,000~~500 12,~~000~~050 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~AMZN~~AMES ~~45.0~~DEPARTMENT ~~STRIKE~~STORES ~~PUT~~Cmn ~~01/19~~030789507 ~~Opt (P) 023135106 7~~468,~~531,250~~989 2337,~~500~~402 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~ANALOG~~AMGEN ~~DEVICES~~INC ~~4.75%~~Cmn CB031162100 ~~CB 032654AD7 1~~18,~~332~~456,~~515~~672 1304,~~500~~164 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~ANALOG~~AMR ~~DEVICES~~CORPORATION ~~INC~~ Cmn ~~32654105~~001765106 ~~645~~8,~~116~~149,411 12225,~~603~~558 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~ANNTAYLOR~~AMERICAN ~~STORES~~TOWER ~~CORP~~2.25% ~~Cmn~~OID ~~36115103~~D ~~249~~Conv Bond 029912AD4 49,~~375~~164,662 1059,~~000~~038 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~ANTEC~~AMERITRADE HLDG CORP ~~4.5%~~- CBCL ~~DUE~~Cmn ~~200~~03072H109 CB3,194,030 ~~03664PAB1 397~~401,~~148~~260 ~~750~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~AOL~~AMT 30.0000 STRIKE PUT 01/~~19/~~1 Opt (PPut) ~~00184A105~~029912201 2995,~~375,~~000 51,000 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS 39103,~~741~~757,~~655~~458 -----------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 6 of 64~~ FORM 13F (SEC USE ONLY) -Page --6 of 91 Name of Reporting Manager Citadel Limited Partnership - -- --------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------------ ~~Item 7:~~ -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ----------------------------------------------------------------------------------------------------------------------------------- ~~AOL~~AMERICAN ~~45.0~~TOWER ~~STRIKE~~CORP ~~PUT~~- ~~01/20/~~CL ~~Opt~~A ~~(P)~~Cmn ~~00184A105~~029912201 21,~~120~~998,~~000~~789 296,~~000~~700 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~AOL~~AMERICAN ~~50.0~~GREETINGS ~~STRIKE~~CORP-CL ~~PUT~~Cmn ~~01/19/~~026375105 ~~Opt (P) 00184A105 1~~956,~~320,000~~483 186,~~000~~953 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~AOL~~AMAZON ~~50.0~~COM ~~STRIKE~~INC ~~PUT~~Cmn ~~01/19/~~023135106 ~~Opt (P) 00184A105 10~~3,~~140~~038,~~000~~231 6214,~~000~~716 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~AOL~~ANDOVER ~~52.500~~BANCORP ~~STRIKE PUT 01~~INC/2DE ~~Opt~~Cmn ~~(P)~~034258103 ~~00184A105 5~~2,~~370~~512,~~000~~500 350,000 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~AOL~~ANDREW ~~55.0~~CORP ~~STRIKE~~Cmn ~~PUT~~034425108 ~~01/19/ Opt (P) 00184A105 4~~238,~~220,000~~485 212,~~000~~926 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~AOL~~AMAT 5560.~~000~~0 STRIKE PUT 01/219 Opt (PPut) ~~00184A105~~038222105 2769,~~040,000~~600 ~~1,000~~520 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~AOL~~AON ~~57.5000~~CORP ~~STRIKE~~Cmn ~~PUT~~037389103 ~~01/ Opt (P) 00184A105 4~~1,~~580~~454,~~000~~460 241,~~000~~556 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- AOL 7030.000 STRIKE PUT 01/2019/ Opt (PPut) 00184A105 8625,~~347,320~~000 210,~~358~~000 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- AOL 7545.000 STRIKE PUT 01/21 Opt (PPut) 00184A105 ~~808~~285,000 ~~200~~1,000 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- AOL TIME WARNER 0% Cb CB Conv Bond 02364JAC8 ~~214~~23,~~246~~519,~~040~~305 ~~441~~43,~~990~~490 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~APGR~~AOL 950.030 STRIKE ~~09/~~PUT 01/~~200~~19/ WtOpt ~~39392113~~(Put) 100184A105 2,~~758~~762,500 ~~112~~6,500 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~APOGENT~~AOL ~~TECHNOLOGIES~~TIME WARNER INC Cmn ~~03760A101~~00184A105 167,~~016~~115,~~800~~331 491,~~600~~266,327 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~APPLE~~AOL ~~COMPUTER~~55.0 ~~INC~~STRIKE ~~Cmn~~PUT ~~37833100~~01/19/ 6Opt (Put) 00184A105 1,~~257~~290,~~734~~000 ~~420~~2,~~688~~000 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~APPLIED~~APOGENT ~~BIOSYSTEMS-APLERA~~TECHNOLOGIES Cmn ~~38020103~~03760A101 ~~545~~733,~~563~~080 529,800 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ~~261~~107,~~013~~298,~~214~~764 -----------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 7 of 64~~ FORM 13F (SEC USE ONLY) -Page --7 of 91 Name of Reporting Manager Citadel Limited Partnership - -- --------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------------ ~~Item 7:~~ -------------------- Name of Issuer Title of CUSIP Fair Shares of (b) Shared ~~(c)~~Managers ~~Manaers~~ Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ----------------------------------------------------------------------------------------------------------------------------------- ~~APRIA~~APACHE ~~HEALTHCARE~~CORP ~~GROUP~~COMMON ~~INC~~APA Cmn ~~37933108~~037411105 1,~~576~~626,~~750~~081 5332,~~000~~041 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~ARBITRON~~ANADARKO ~~INC~~FINANCE ~~Cmn~~CO ~~03875Q108~~Corp Bond 032479AA5 1,~~481~~990,~~356~~000 742,~~300~~000 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~ARMSTRONG~~AMERICAN ~~HOLDINGS~~PWR ~~6.35%~~CNVRSION 0Cmn CB029066107 ~~042476AG6 783~~2,~~900~~811,139 3178,~~015~~485 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~ARMSTRONG~~ANADARKO ~~HOLDINGS~~PETROLEUM ~~7.45%~~Cmn 0032511107 ~~CB 042476AH4 260~~6,~~000~~569,400 1121,~~000~~588 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~ARMSTRONG~~AIR ~~HOLDINGS~~PRODS & CHEMS INC Cmn ~~42384107~~009158106 ~~238~~1,~~631~~655,510 ~~115~~36,~~700~~186 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~ASM~~MORGAN ~~LITHOGRAPHY~~STANLEY ~~HOLDING~~ASIA -PACIFIC Cmn ~~N07059111~~61744U106 2616,~~982,763~~233 ~~132~~73,~~200~~100 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~ASPECT~~APGR ~~TELECOM~~9.03 ~~INC~~STRIKE 0%09/01/200 CBWt CB039392113 ~~045237AE4 4~~3,~~300,438~~375 20112,~~725~~500 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~ASPEN~~ATML ~~TECH~~10.0 ~~5.25.%~~STRIKE CBPUT CB01/19 ~~045327AB9~~Opt 13(Put) 049513AC8 450,~~993,643~~000 164,~~131~~500 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~ASPT~~ARBITRON ~~15.000~~INC ~~STRIKE~~Cmn ~~PUT~~03875Q108 ~~03/ Opt (P) 04523Q102 737~~838,~~500~~680 134,~~000~~800 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~AT&T~~ARROW ~~CANADA~~ELECTRONICS ~~INC~~0% ~~-CL~~CB BConv ~~Cmn~~Bond ~~00207Q202~~042735AY6 3220,~~792~~706,~~156~~750 150,~~123,500~~000 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~AT&T~~ARROW ~~CORP 6~~ELEC.~~25%~~ ~~MAND~~Cmn ~~PREF.~~042735100 ~~CB 58440J401 27~~1,~~425~~093,~~981~~050 ~~338~~45,~~300~~000 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~ATLAS~~ASSOCIATED ~~AIR~~BANC-CORP ~~WORLDWIDE HLDGS~~ Cmn ~~49164106~~045487105 1422,~~357,200~~811 4111,~~600~~748 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~ATMEL~~AMERICAN ~~CORP~~STD 0%COS CBINC CBDEL ~~049513AC8~~C 35Cmn 029712106 3,~~076~~768,~~330~~270 5062,~~516~~700 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~AUTOZONE~~ASHLAND INC Cmn ~~53332102~~044204105 12,~~405~~110,~~050~~944 4952,~~300~~642 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ~~124~~44,~~411~~662,~~697~~241 -----------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 8 of 64~~ FORM 13F (SEC USE ONLY) -Page --8 of 91 Name of Reporting Manager Citadel Limited Partnership - -- --------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------------ ~~Item 7:~~ -------------------- Name of Issuer Title of CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None in----------------------------------------------------------------------------------------------------------------------------------- ~~Instr. V~~ ----------------------------------------------------------------------------------------------------------------------------------- ~~AVAYA~~AMSOUTH ~~INC~~BANCORPORATION Cmn ~~53499109~~032165102 ~~250~~2,~~078~~892,982 24156,~~250~~462 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~AVERY~~ASPECT ~~DENNISON~~TELECOM ~~CORP~~INC ~~Cmn~~0% ~~53611109~~CB 4Conv Bond 045237AE4 16,~~439~~200,~~388~~250 8075,~~900~~350 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~AVISTA~~ASYST ~~CORP~~TECHNOLOGIES INC Cmn ~~05379B107~~04648X107 ~~569~~4,~~900~~050,000 27300,~~800~~000 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~AVNET~~AGL RESOURCES, INC. Cmn ~~53807103~~001204106 2470,~~745,550~~250 ~~127~~19,~~700~~800 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~AVON~~ALLEGHENY ~~PRODS~~TECHNOLOGIES INC Cmn ~~54303102~~01741R102 2269,~~475,185~~016 5114,~~701~~871 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~AXA~~ATMEL ~~FINANCIAL~~CORP ~~Cmn~~0% ~~054536107~~CB 14Conv Bond 049513AC8 44,~~233~~656,~~675~~629 ~~250~~55,~~000~~697 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~AXA~~ALLTEL ~~FINANCIAL~~CORP ~~INC~~CMN -STK ~~NON TE~~ Cmn ~~054536107~~020039103 412,~~944~~099,~~938~~769 88197,~~500~~515 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~AXA~~ACTUANT ~~SPONS~~CORPORATION ~~ADR~~-CL A Cmn ~~54536107~~00508X203 403,~~217~~648,~~154~~610 ~~560~~221,~~030~~800 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~BAC~~AGILENT ~~40.0~~TECHNOLOGIES ~~STRIKE~~INC ~~PUT~~Cmn ~~01/19/~~00846U101 ~~Opt~~3,984,273 ~~(P) 060505104 234~~122,~~375~~593 ~~500~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~BAKER~~AVISTA ~~HUGHES~~CORP Cmn ~~57224107~~05379B107 5573,~~461,313~~426 ~~131~~28,~~400~~700 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~BANK~~AVON OFPRODS ~~NEW~~INC ~~YORK~~ Cmn ~~64057102~~054303102 73,~~121~~161,~~064~~155 ~~129~~68,~~034~~305 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~BANKAMERICA~~AVNET, ~~CORP~~INC. Cmn ~~60505104~~053807103 21,~~162~~121,~~272~~000 4750,~~134~~000 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~BARD~~AVAYA ~~C R~~ INC Cmn ~~67383109~~053499109 1715,~~131,469~~222 2452,~~300~~206 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~BARNES~~AVERY &DENNISON ~~NOBLE~~CORP ~~INC~~ Cmn ~~67774109~~053611109 ~~413~~1,~~400~~471,976 1528,~~600~~834 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS 8695,~~399~~314,~~760~~559 -----------------------------------------------------------------------------------------------------------------------------------

--------------------~~-----~~ ~~Page 9 of 64~~ FORM 13F (SEC USE ONLY) -Page --9 of 91 Name of Reporting Manager Citadel Limited Partnership - -- --------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 68: Item 86: ~~Investment Discretion~~ Voting ~~Authority (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ----------------------- ~~Item 7:~~ ------- -------------------- Name of Issuer Title of CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole in Instr. V Other Instr. V Sole Shared None ----------------------------------------------------------------------------------------------------------------------------------- ~~BARRICK~~ALLIED ~~GOLD~~WASTE ~~CORP~~7.875% ~~Cmn~~SR. ~~67901108~~UN ~~659~~Corp Bond 01958XAM9 5,~~033~~362,500 405,~~234~~500 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~BAUSCH~~ALLIED &WASTE ~~LOMB~~INDS INC CMN Cmn ~~71707103~~019589308 21,~~656~~392,~~744~~650 6574,~~700~~553 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- BEAMERN ~~AEROSPACE~~AXLE & MFG HLDGS INC Cmn ~~73302101~~024061103 1438,~~336,000~~600 8325,~~500~~800 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~BEAS~~AMERICAN 60EXPRESS CO.0 ~~STRIKE~~Cmn ~~PUT~~025816109 ~~03/17 Opt (P) 073325102 2~~11,~~606~~960,~~250~~604 3308,~~000~~263 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~BEAS~~ALLEGHENY ~~SYSTEMS~~ENERGY 4%INC CBCmn ~~DUE~~017361106 ~~12/ CB 073325AD4 137~~3,~~891~~804,~~553~~657 6678,~~200~~853 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~BECKMAN~~AUTOZONE ~~COULTER~~ INC Cmn ~~75811109~~053332102 1666,~~442,650~~563 3417,~~400~~775 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~BELLSOUTH~~ASPEN ~~CORP~~TECH. ~~Cmn~~5.25.% ~~79860102~~CB 4Conv Bond 045327AB9 7,~~220~~181,~~861~~317 ~~103~~8,~~105~~687 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~BELO~~BANKAMERICA CORP ~~-SER A COM~~ Cmn ~~80555105~~060505104 ~~540~~18,~~800~~414,323 33306,~~800~~752 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~BEMIS~~BOEING ~~INC~~CO. COMMON STOCK Cmn ~~81437105~~097023105 ~~520~~11,~~219~~254,774 15202,~~500~~424 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~BENCHMARK~~BAXTER ~~ELECTRONICS~~INTL INC Cmn ~~08160H101~~071813109 ~~430~~4,~~944~~603,305 1993,~~100~~945 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~BERGEN~~BED ~~BRUNSWIG~~BATH ~~CORP~~& ~~-CL~~BEYOND INC Cmn ~~83739102~~075896100 ~~506~~2,~~560~~788,968 3289,~~000~~390 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~BEYOND.COM~~BB&T 10CORP.~~875%~~ CBCmn ~~DUE~~054937107 ~~CB 08860EAB7 968~~5,~~283~~962,796 14162,~~700~~474 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~BHE~~BANKATLANTIC ~~45.0~~BANCORP ~~STRIKE~~Cmn ~~PUT~~065908501 ~~04/21/~~1,520,750 ~~Opt (P) 08160H101 462~~175,~~500~~000 ~~200~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~BIO~~BEST ~~TECHNOLOGY~~BUY ~~GENERAL~~CO. 95 Cmn ~~90578105~~086516101 ~~105~~3,~~055~~343,375 1452,~~875~~635 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ~~154~~78,~~347~~695,~~450~~182 -----------------------------------------------------------------------------------------------------------------------------------

--------------------~~-----~~ ~~Page 10 of 64~~ FORM 13F (SEC USE ONLY) --Page --10 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 68: Item 86: ~~Investment Discretion~~ Voting ~~Authority (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ----------------------- ~~Item 7:~~ ------- -------------------- Name of Issuer Title of CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole in Instr. V Other Instr. V Sole Shared None ----------------------------------------------------------------------------------------------------------------------------------- ~~BIOCHEM~~BOISE ~~PHARMA~~CASCADE ~~INC~~CORP. Cmn ~~09058T108~~097383103 14319,~~354,080~~625 ~~448~~9,~~565~~088 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~BIOMET~~BCE INC Cmn ~~90613100~~05534B109 ~~879~~999,~~594~~400 2238,~~163~~000 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~BIOVAIL~~BARD ~~CORPORATION~~C ~~6.75%~~R ~~Pfd~~INC ~~09067J208~~Cmn 20067383109 58,~~888~~253,~~920~~699 ~~289~~1,~~000~~022,892 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- BJBRUNSWICK ~~SERVICES~~CORP ~~CO CMN STK~~ Cmn ~~55482103~~117043109 4814,~~821,250~~521 7033,~~000~~896 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~BLOCK~~BLACK H & RDECKER ~~INC~~CORP Cmn ~~93671105~~091797100 ~~753~~507,~~025~~337 1812,~~200~~857 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~BMC~~BECTON ~~SOFTWARE~~DICKINSON ~~INC~~& ~~CMN~~CO ~~STK~~ Cmn ~~55921100~~075887109 21,~~079~~460,~~322~~483 ~~148~~40,~~523~~807 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~BOEING~~BEAS ~~CO.~~SYSTEMS ~~Cmn~~4% ~~97023105~~CB 7DUE 12/ Conv Bond 073325AD4 57,~~695~~362,~~666~~023 ~~116~~50,~~601~~155 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~BOSTON~~BE ~~SCIENTIFIC~~AEROSPACE ~~CORP~~INC Cmn ~~101137107~~073302101 ~~457~~1,~~929~~158,126 3360,~~456~~794 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~BOWATER,~~BECKMAN COULTER INC. Cmn ~~102183100~~075811109 21,~~283~~350,~~188~~480 4033,~~500~~100 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~BRIGGS~~FRANKLIN &RESOURCES ~~STRATTON~~INC ~~CORP~~ Cmn ~~109043109~~354613101 ~~696~~9,~~688~~961,703 15217,~~700~~647 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~BRIGHTPOINT~~BROWN-FORMAN 0%-CL ~~OID~~B ~~DUE~~Cmn ~~3/1~~115637209 ~~CB 109473AC2 346~~699,~~160~~056 110,~~340~~933 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~BRINKER~~BIOGEN ~~INTL INC~~ Cmn ~~109641100~~090597105 ~~912~~1,~~600~~279,580 2123,~~600~~539 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~BRISTOL~~BRIGGS ~~MYERS~~& ~~SQUIBB~~STRATTON CO8.875% ~~Cmn~~D ~~110122108~~Corp 6Bond 109043AC3 1,~~063~~000,~~097~~000 821,~~003~~000 X n/a Xn/a -------------------------------------------------------------------------------------------------------------------------------- ~~BROWN~~-~~FORMAN~~ -CL- BBRIGGS & STRATTON CORP Cmn ~~115637209~~109043109 ~~738~~635,~~150~~710 1115,100 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS 62135,~~969~~801,~~668~~743 -----------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 11 of 64~~ FORM 13F (SEC USE ONLY) --Page --11 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------------ ~~Item 7:~~ -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ----------------------------------------------------------------------------------------------------------------------------------- ~~BRUNSWICK~~BAKER ~~CORP~~HUGHE Cmn ~~117043109~~057224107 ~~690~~1,~~375~~785,014 4253,~~000~~284 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~BUDGET~~SOTHEBY'S ~~GROUP~~HOLDINGS ~~9.125%~~-CL ~~04/01/~~A CBCmn ~~119003AF8~~835898107 ~~280~~230,~~000~~659 114,~~000~~300 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~BUDGET~~BANK ~~GROUP~~OF NEW YORK Cmn ~~119003101~~064057102 ~~203~~25,~~575~~005,168 95520,~~800~~941 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~BURLINGTON~~BIG ~~RES~~LOTS INC Cmn ~~122014103~~089302103 1246,~~040,300~~418 2018,~~600~~013 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- CBALL ~~45.0~~CORP ~~STRIKE~~Cmn ~~PUT~~058498106 ~~01/19/20 Opt (P) 172967101 623~~209,~~438~~692 14,~~000~~409 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- CBELLSOUTH ~~45.000~~CORP ~~STRIKE~~Cmn ~~PUT~~079860102 ~~01/19/ Opt (P) 172967101 912~~11,~~500~~969,090 2297,~~000~~221 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~CABOT~~BMC ~~CORP~~SOFTWARE INC Cmn ~~127055101~~055921100 16,~~355~~776,~~675~~538 51300,~~400~~645 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~CALLAWAY~~BIOMET ~~GOLF~~INC CO Cmn ~~131193104~~090613100 ~~262~~1,~~613~~363,847 1428,~~100~~378 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~CALPINE~~BEMIS ~~CORP~~INC Cmn ~~131347106~~081437105 ~~213~~338,~~461~~673 48,~~737~~431 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~CAMPBELL~~BRISTOL ~~SOUP~~MYERS SQUIBB CO Cmn ~~134429109~~110122108 225,~~045~~638,~~437~~558 59490,~~074~~221 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~CANADIAN~~BURLINGTON ~~PAC~~NORTHERN ~~LTD~~SANTA ~~NEW~~ Cmn ~~135923100~~12189T104 12,~~428~~358,~~125~~902 5078,~~000~~187 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~CARDINAL~~BANTA ~~HEALTH,~~CORP ~~INC.~~ Cmn ~~14149Y108~~066821109 4301,~~016,282~~790 4010,~~314~~300 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~CARPENTER~~BAUSCH ~~TECHNOLOGY~~& LOMB INC Cmn ~~144285103~~071707103 ~~346~~1,~~500~~628,626 944,~~900~~940 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~CAT~~BORLAND 45SOFTWARE ~~STRIKE~~CORP ~~CALL~~Cmn ~~01/19/2~~099849101 ~~Opt~~836,129 ~~(Call) 149123101 228~~53,~~125~~598 ~~250~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS 1378,~~646~~689,~~406~~103 -----------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 12 0f 64~~ FORM 13F (SEC USE ONLY) --Page --12 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------------ ~~Item 7:~~ -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ----------------------------------------------------------------------------------------------------------------------------------- ~~CATELLUS~~BOSTON ~~DEVELOPMENT~~PRIVATE FINL HOLDIN Cmn ~~149111106~~101119105 ~~490~~210,~~000~~560 289,~~000~~400 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~CBRL~~BROADCOM ~~GROUP~~CORP ~~INC~~ Cmn ~~12489V106~~111320107 ~~336~~2,~~014~~032,083 1847,~~475~~523 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- CDBROOKS 20AUTOMATION 4.~~000~~75% ~~STRIKE~~CB ~~PUT~~Conv ~~01/20~~Bond ~~Opt~~11434AAA8 ~~(P)~~2,345,083 ~~151313103 208~~2,~~750~~500 ~~200~~ X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~CELESTICA~~BURLINGTON 0%RES CBINC ~~DUE~~Cmn ~~8/01/2~~122014103 ~~CB 15101QAA6 73~~1,~~602~~714,~~567~~654 ~~170~~42,~~000~~920 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~CENDANT~~BETHLEHEM ~~CORP~~STEEL ~~RIGHTS~~10.375% F09 WtCorp ~~151313111~~Bond ~~177~~087509AL9 250,~~188~~000 301,000 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~CENTENNIAL~~BETHLEHEM ~~COMMUNICATIONS~~STEEL ~~Cmn~~7.625% ~~15133V208~~08/ ~~363~~Corp Bond 549866AA9 750,~~825~~000 193,~~404~~000 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~CENTEX~~BSC ~~CORP~~50.0 ~~Cmn~~STRIKE ~~152312104~~PUT 201/19/ Opt (Put) 1001801000 250,~~208,675~~000 581,~~800~~000 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~CHAMPION~~BEAR ~~ENTERPRISES~~STEARNS ~~7.625~~COMPANIES CBINC ~~158496AB5~~Cmn ~~912~~073902108 4,~~000~~385,894 274,~~400~~375 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~CHAMPION~~BETHLEHEM ~~ENTERPRISES~~STEEL ~~INC~~ Cmn ~~158496109~~087509105 ~~324~~209,~~775~~272 ~~118~~103,~~100~~600 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~CHECKFREE~~BOSTON ~~HOLDINGS~~SCIENTIFIC ~~6.50%~~CORP CBCmn ~~162816AC6~~101137107 81,~~772~~082,~~701~~288 1063,~~103~~664 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~CHECKPOINT~~JOHN ~~SYSTEMS~~HANCOCK ~~5.25%~~BANK CBCmn ~~5775642~~409735107 ~~602~~2,~~900~~846,383 1320,~~000~~900 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~CHUBB~~ANHEUSER ~~CORP~~BUSCH COS INC 6.0 ~~Cmn~~Corp ~~171232101~~Bond 035229CH4 2,~~032~~932,~~750~~500 233,~~500~~000 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~CIGNA~~ANHEUSER ~~CORP~~BUSCH COS INC Cmn ~~125509109~~035229103 110,~~865~~818,~~430~~296 14262,~~100~~580 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~CIRRUS~~BIOVAIL ~~LOGIC~~CORPORATION ~~INC~~6.75% ~~Cmn~~Pfd ~~172755100~~09067J208 118,~~259~~563,~~175~~823 67239,~~156~~000 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS 9348,~~156~~390,~~750~~836 -----------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 13 of 64~~ FORM 13F (SEC USE ONLY) --Page --13 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------------ ~~Item 7:~~ -------------------- Name of Issuer Title of CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ----------------------------------------------------------------------------------------------------------------------------------- ~~CISCO~~BROADVISION ~~SYS~~ INC Cmn ~~17275R102~~111412102 15251,~~529,730~~550 ~~406~~50,~~006~~310 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~CITADEL~~BEYOND.COM ~~COMMUNICATIONS~~10.875% ~~Cmn~~CB ~~172853202~~Conv ~~913~~Bond 08860EAB7 336,~~200~~555 64,~~100~~838 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~CITIGROUP INC~~BEYOND.COM CORP Cmn ~~172967101~~08860E309 1321,~~807,198~~402 ~~270~~107,~~398~~009 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~CITRIX~~BRAZIL ~~SYS~~FUND 0%INC CBCmn ~~DUE~~105759104 ~~3/22/ CB 177376AB6 82~~731,~~654,721~~745 ~~200~~48,~~660~~300 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~CITY~~ON-LINE ~~NATIONAL~~SOFTWARE ~~CORP~~INTL ~~Cmn~~6.25 ~~178566105~~Conv ~~225,113~~Bond 5682180AA2 518,~~800~~760 524 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~CKE~~CONAGRA ~~RESTAURANTS~~FOODS INC ~~9.125%~~Cmn CB205887102 ~~12561EAE5 2~~1,~~542~~960,~~500~~913 498,~~500~~986 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~CKE~~CARDINAL ~~RESTAURANTS~~HEALTH INC ~~Cmn 1~~6.~~2561E+109~~75% 1Corp Bond 14149YAF5 2,~~560~~040,~~350~~000 ~~567~~2,~~400~~000 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~CKFR~~CARDINAL 40HEALTH, INC.0 ~~STRIKE~~Cmn ~~PUT~~14149Y108 ~~05/19~~5,803,935 ~~Opt (P) 162813109 325~~84,~~000~~115 ~~500~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~CLEAR~~CONTINENTAL ~~CHANNEL~~AIRLS ~~COMMUNICATIONS~~INC -CL Cmn ~~184502102~~210795308 73,~~277~~166,~~783~~775 ~~150~~64,~~251~~300 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~CLEARNET~~CAT ~~COMM~~45 WTSTRIKE WtCALL ~~184902112~~01/19/2 ~~1,829,400~~Opt 60(Call) 149123101 201,~~000~~250 250 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~CLS~~CATERPILLAR ~~55.0~~INC ~~STRIKE~~Cmn ~~PUT~~149123101 ~~03/17~~19,368,749 ~~Opt (P) 15101Q108 604~~386,~~688~~988 ~~750~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~CLS~~COMPUTER ~~65.0~~ASSOCIATE ~~STRIKE~~INTL ~~PUT~~Cmn ~~03/17/~~204912109 ~~Opt (P) 15101Q108 2~~7,~~887~~228,~~500~~152 2200,~~000~~782 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~CMGI~~COOPER ~~10.0~~INDUSTRIES ~~STRIKE~~Cmn ~~PUT~~216669101 ~~01/18 Opt (P) 125750109 1~~587,~~033,500~~159 114,~~590~~831 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~CMGI~~CAMBREX ~~10.0~~CORP ~~STRIKE~~Cmn ~~PUT~~132011107 ~~01/19~~662,598 ~~Opt (P) 125750109 569~~13,~~875~~100 ~~970~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ~~131~~42,~~760~~879,~~557~~544 -----------------------------------------------------------------------------------------------------------------------------------

--------------------- ~~Page 14 of 64~~ FORM 13F (SEC USE ONLY) --Page --14 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------------ ~~Item 7:~~ -------------------- Name of Issuer Title of CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ----------------------------------------------------------------------------------------------------------------------------------- ~~CMGI~~COMPASS ~~15.0~~BANCSHARES ~~STRIKE~~INC ~~PUT~~Cmn ~~01/18~~20449H109 ~~Opt (P) 125750109 1~~532,~~924,875~~650 120,~~770~~100 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~CMGI~~CABOT ~~15.0~~CORP ~~STRIKE~~Cmn ~~PUT~~127055101 ~~01/19 Opt (P) 125750109 3~~1,~~941~~401,~~125~~178 338,~~845~~900 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~CMGI~~CHUBB 15CORP.0 ~~STRIKE~~Cmn ~~PUT~~171232101 ~~06/16~~2,903,780 ~~Opt (P) 125750109 292~~37,~~500~~502 ~~300~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~CMGI~~COCA ~~20.0~~COLA ~~STRIKE~~ENTERPRISES ~~PUT~~INC ~~01/18~~Cmn ~~Opt~~191219104 ~~(P) 125750109 5~~1,~~682~~434,~~600~~892 387,~~696~~761 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~CMGI~~CROWN ~~20.000~~CASTLE ~~STRIKE~~INTL ~~PUT~~Cmn ~~01/~~228227104 ~~Opt (P) 125750109 4~~1,~~202~~527,~~188~~283 293,~~825~~127 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~CMGI~~CROWN ~~25.000~~CORK ~~STRIKE~~& ~~PUT~~SEAL ~~01/~~IN ~~Opt~~6.75% ~~(P)~~Corp ~~125750109~~Bond 5228255AC9 1,~~701~~440,~~063~~000 23,~~905~~200 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~CMGI~~CROWN ~~30.0~~CORK ~~STRIKE~~& ~~PUT~~SEAL ~~01/18~~PLC ~~Opt~~6.75 ~~(P)~~Corp ~~125750109~~Bond 222825LAA8 5,~~999~~632,~~700~~000 112,~~212~~800 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~CMGI~~CROWN ~~30.000~~CORK ~~STRIKE~~& ~~PUT~~SEAL ~~01/~~IN ~~Opt~~8.375 ~~(P)~~Corp ~~125750109~~Bond 228255AF2 1,~~715~~710,000 ~~700~~3,000 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~CMGI~~CARNIVAL ~~5.0~~CORP ~~STRIKE~~Cmn ~~PUT~~143658102 ~~01/18/ Opt (P) 125750109 556~~2,~~875~~846,965 292,~~200~~735 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~CMGI~~COUNTRYWIDE ~~7.5~~CREDIT ~~STRIKE~~IND ~~PUT~~Cmn ~~01/19/~~222372104 ~~Opt (P) 125750109 805~~4,~~613~~394,341 295,~~046~~779 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~CMOS~~CIRCUIT ~~55.0~~CITY ~~STRIKE~~STORES ~~PUT~~INC- ~~02/17~~Cmn ~~Opt~~172737108 ~~(P)~~594,576 ~~225302108 793~~33,~~750~~032 ~~250~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~CMS~~CLEAR ~~ENERGY~~CHANNEL 7%COMMUNIC ~~DEBT~~Cmn ~~PERC~~184502102 ~~CB 125896605 23~~6,~~166~~806,~~563~~712 ~~823~~108,~~700~~560 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~CMVT~~CENDANT ~~80.000~~0% ~~STRIKE~~CB ~~PUT~~DUE 045/4/21 ~~Opt~~1 ~~(P)~~Conv ~~205862402~~Bond 1151313AG8 12,~~275~~615,~~000~~225 212,~~000~~500 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~CNET~~CADENCE ~~NETWORKS~~DESIGN SYS INC. ~~5.00%~~Cmn C127387108 ~~CB 125945AC9 11~~2,~~094~~127,~~924~~546 16114,~~665~~200 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS 6445,~~151~~967,~~774~~147 -----------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 15 of 64~~ FORM 13F (SEC USE ONLY) --Page --15 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ----------------------------- ~~Item 7:~~ -------------------- Name of Issuer Title of CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~CNF~~COMDISCO, INC. ~~Cmn~~5.95% ~~12612W104~~04/30 ~~524~~Corp Bond 200336AU9 4,~~094~~560,000 156,~~500~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~COASTAL~~COMDISCO, ~~CORP~~INC. ~~Cmn~~6% ~~190441105~~01/30/20 ~~99,660,656~~Corp Bond 200336AT2 1,~~128~~350,500 1,825 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~COCA~~COMDISCO, ~~COLA~~INC. CO9.5% ~~Cmn~~08/15/ ~~191216100~~Corp 1Bond 200336AW5 7,~~840~~410,~~008~~000 309,~~195~~750 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~COMDISCO~~CDO ~~INC~~10.0 ~~Cmn~~STRIKE PUT 01/19/ Opt (Put) 200336105 2544,~~161,688~~950 ~~189,000~~630 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ COMDISCO, INC. ~~5.95%~~CMN ~~04/30~~STK CBCmn ~~00336AU9~~200336105 2416,~~310,000~~290 3313,000 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~COMDISCO,~~CENDANT ~~INC.~~CORP 6%Cmn ~~01/30/20~~151313103 ~~CB 00336AT2 1~~2,~~460~~846,~~000~~435 1145,~~825~~971 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~COMDISCO,~~CONCORD EFS INC. ~~9.5%~~Cmn ~~08/15/~~206197105 ~~CB 00336AW5 7~~1,~~110~~983,~~000~~297 938,~~000~~133 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~COMERICA~~CONSTELLATION ~~INC~~ENERGY GROUP Cmn ~~200340107~~210371100 103,~~640~~124,~~000~~838 ~~179~~73,~~200~~353 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~COMMERCE~~CRESCENT ~~BANCORP~~R E EQUITIES INC Cmn ~~200519106~~225756105 ~~533~~1,~~325~~029,483 741,~~800~~900 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~COMPAQ~~BRIGHTPOINT ~~COMPUTER~~0% ~~CORP~~OID ~~Cmn~~DUE ~~204493100~~3/1 Conv Bond 109473AC2 1,~~588~~495,~~016~~684 ~~105~~4,~~516~~309 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~COMPASS~~CEPHALON ~~BANCSHARES~~ INC Cmn ~~20449H109~~156708109 ~~284~~2,~~113~~784,750 1139,~~900~~500 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~COMPUTER~~COMMERCIAL ~~ASSOCIATE~~FEDERAL ~~INTL~~ Cmn ~~204912109~~201647104 5256,~~287,503~~410 ~~271~~11,~~154~~100 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~COMPUTER~~CHARTER ~~SCIENCES~~ONE ~~CORP~~FINL INC Cmn ~~205363104~~160903100 2,~~206~~807,~~588~~615 3688,~~700~~013 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~CONCORD~~COGNEX ~~EFS~~CORP ~~INC~~ Cmn ~~206197105~~192422103 2601,~~441,827~~278 5517,~~575~~763 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~138~~31,~~047~~211,~~816~~529 ------------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 16 of 64~~ FORM 13F (SEC USE ONLY) --Page --16 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ----------------------------- ~~Item 7:~~ -------------------- Name of Issuer Title of CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ----------------------------------------------------------------------------------------------------------------------------------- -~~----------------------------------------------------------------------------------------------------------------------------------~~ ~~CONOCO~~ATLAS ~~INC~~AIR CLWORLDWIDE AHLDGS Cmn ~~208251306~~049164106 ~~340~~444,~~638~~624 1131,~~900~~400 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~CONSECO,~~CHURCH ~~INC.~~& ~~8.796%~~DWIGHT ~~04/01~~INC CBCmn ~~20846JAA2~~171340102 1376,~~260,000~~660 314,~~500~~800 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~CONSTELLATION~~CHARLOTTE ~~ENERGY~~RUSSE ~~GROUP~~HLDG INC Cmn ~~210371100~~161048103 2203,~~000,775~~680 447,~~400~~600 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~CONTINENTAL~~CHIRON ~~AIRLS~~CORP ~~INC~~NASDAQ ~~-CL~~ Cmn ~~210795308~~170040109 12,~~171~~323,~~888~~560 2245,~~700~~560 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~COOPER~~CHARTER ~~INDUSTRIES~~COMM ~~Cmn~~HLDGS ~~216669101~~LLC 110. Corp Bond 16117PBA7 2,~~759~~000,~~406~~000 382,~~300~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~COR~~CHARTER ~~THERAPEUTICS~~COMM 5%HLDGS CBLLC ~~DUE~~9.6 CBCorp ~~217753AD4~~Bond 2416117PAY6 1,~~865~~980,~~336~~000 202,~~500~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~CORNING~~CHEVRON ~~INCORPORATED~~Cmn 0%166751107 ~~CB CB 219350AJ4 49~~23,~~994~~267,~~431~~098 70257,~~000~~095 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~COUNTRYWIDE~~CIENA ~~CREDIT~~CORPORATION ~~IND~~3.75% ~~INC~~CB ~~Cmn~~Conv ~~222372104~~Bond ~~638~~171779AA9 15,~~175~~906,324 1221,~~700~~500 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~COVAD~~CINCINNATI ~~COMMUNICATIONS~~FINANCIAL ~~12.5%~~Cmn CB172062101 ~~222814AJ4 750~~1,~~000~~004,999 225,~~500~~443 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~COVAD~~CINERGY ~~COMMUNICATIONS~~CORP ~~GROUP~~ Cmn ~~222814204~~172474108 ~~119~~1,~~084~~025,398 7129,~~900~~339 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~COVAD~~CIGNA ~~COMMUNICATIONS~~CORP. ~~GRP~~Cmn 6125509109 ~~CB 222814AN5 195~~3,~~000~~410,425 135,~~000~~592 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~COX~~CHECKFREE ~~COMMS~~HOLDINGS 76.50% ~~FELINE~~Conv ~~PRIDES~~Bond CB162816AC6 ~~224044305 1~~30,~~250~~062,~~500~~505 2036,~~500~~003 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~COX~~CHECKPOINT ~~COMMUNICATIONS~~SYSTEMS 75.7525% PConv CBBond ~~224044503~~162825103 471,~~415~~069,~~375~~524 ~~936~~1,~~600~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~COX~~CROMPTON ~~EXCHG~~CORP ~~0.4259%~~CMN ~~INTO~~STK ~~PCS~~Cmn CB227116100 ~~224044AX5 8~~185,~~108,349~~300 2117,~~400~~000 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~139~~83,~~868~~260,~~956~~096 ------------------------------------------------------------------------------------------------------------------------------------

--------------------- ~~Page 17 of 64~~ FORM 13F (SEC USE ONLY) --Page --17 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------ ~~Item 7:~~ ----- -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~CPQ~~CELESTICA ~~20.~~0% ~~STRIKE~~CB ~~PUT~~DUE 8/01/~~19/~~2 ~~Opt~~Conv ~~(P)~~Bond ~~204493100~~15101QAA6 ~~655~~20,~~000~~565,090 ~~1000~~46,500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~CREDENCE~~COLGATE ~~SYSTEMS~~PALMOLIVE ~~CORP~~CO Cmn ~~225302108~~194162103 ~~571~~5,~~734~~249,166 2488,~~858~~984 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~CRESCENT~~CLOROX RCO ~~E EQUITIES INC~~ Cmn ~~225756105~~189054109 ~~660~~1,~~825~~425,390 2942,~~700~~109 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~CROWN~~COMERICA ~~CASTLE~~INC ~~INTL~~ Cmn ~~228227104~~200340107 1,~~999~~893,~~919~~082 7332,~~900~~866 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~CROWN~~COMCAST ~~CORK~~CORP &- ~~SEAL~~SPECIAL ~~INC~~ Cmn ~~228255105~~200300200 ~~227~~9,~~588~~186,435 30211,~~600~~669 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~CRUS~~C 2540.0 STRIKE PUT 01/19/20 Opt (PPut) ~~172755100~~172967101 ~~786~~410,~~250~~000 ~~850~~4,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~CSCO~~C 3745.5000 STRIKE PUT 01/2019/ Opt (PPut) ~~17275R102~~172967101 ~~290~~375,~~625~~000 12,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~CSCO~~CUMULUS ~~42.5~~MEDIA ~~STRIKE~~Cmn ~~PUT~~231082108 ~~01/19 Opt (P) 17275R102 2~~329,~~175,000~~994 224,~~000~~300 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~CSCO~~CMS 50ENERGY 7.025% ~~STRIKE~~DEBT ~~PUT~~PERC ~~01/20~~C ~~Opt~~Bond ~~(P)~~125896605 ~~17275R102 2~~21,~~350~~242,~~000~~936 2778,~~000~~700 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~CSCO~~CMS ~~55.000~~ENERGY ~~STRIKE~~CORP ~~PUT~~Cmn ~~01/~~125896100 ~~Opt (P) 17275R102 1~~616,~~675,000~~627 122,~~000~~141 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~CTS~~COMVERSE ~~CORP~~TECHNOLOGY ~~CMN STK~~ Cmn ~~126501105~~205862402 1,~~621~~793,~~469~~911 4431,~~500~~417 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~CUMULUS~~CAREMARK ~~MEDIA~~RX INC Cmn ~~231082108~~141705103 ~~167~~906,~~838~~938 4655,~~300~~133 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~CURAGEN~~CNA ~~6.0%~~FINL CBCORP CBCmn ~~23126RAC5~~126117100 7721,~~425,876~~935 1118,~~000~~300 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~CVS~~COLONIAL ~~CORP~~BANCGROUP 6%INC ~~DEBT~~Cmn ~~PERC~~195493309 ~~DUE CB 126645209 48~~365,~~986,438~~252 ~~491~~25,400 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 6965,~~593~~081,~~560~~754 ------------------------------------------------------------------------------------------------------------------------------------

--------------------- ~~Page 18 of 64~~ FORM 13F (SEC USE ONLY) --Page --18 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------ ~~Item 7:~~ ----- -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ------------------------------------------------------------------------------------------------------------------------------------ 30CONSECO, ~~STRIKE~~INC. ~~CALL~~8.796% 0604/~~16/20~~01 ~~Opt~~Corp ~~(Call)~~Bond ~~232806109~~20846JAA2 ~~356~~2,~~250~~345,000 13,500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~CYPRESS~~CONSECO ~~SEMICONDUCTOR~~INC. Cmn ~~232806109~~208464107 2845,~~756,250~~208 ~~140~~61,~~000~~920 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~DALLAS~~CNF ~~SEMICONDUCTOR~~INC Cmn ~~235204104~~12612W104 ~~263~~1,~~938~~638,500 1058,~~300~~000 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~DANA~~CONEXANT ~~CORP~~SYS INC Cmn ~~235811106~~207142100 1406,~~344,438~~509 8745,~~800~~420 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~DANAHER~~CONOCO ~~CORP~~CL B Cmn ~~235851102~~208251405 23,~~249~~325,~~538~~639 32115,~~900~~074 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~DEAN~~CAPITAL ~~FOODS~~ONE COFINL CORP Cmn ~~242361103~~14040H105 ~~362~~3,~~113~~746,520 1162,~~800~~442 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~DEERE~~COHERENT &INC ~~COMPANY~~ Cmn ~~244199105~~192479103 2369,~~414,319~~404 5210,~~700~~213 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~DELHAIZE~~COR ~~AMERICA~~THERAPEUTICS ~~'A'~~5% ~~Cmn~~CB ~~246688105~~Conv 2Bond 217753AD4 3,~~432~~624,~~031~~987 ~~137~~3,~~500~~376 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~DELL~~COSTCO ~~20.0~~WHOLESALE ~~STRIKE~~CORP ~~PUT~~Cmn ~~01/19~~22160K105 ~~Opt (P) 247025109 556~~3,~~250~~404,793 182,~~000~~882 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~DELL~~COVAD 30COMMUNICATIONS 12.05% ~~STRIKE~~Corp ~~PUT~~Bond ~~01/19~~222814AJ4 ~~Opt (P) 247025109 6~~2,~~593~~030,~~750~~875 511,~~000~~605 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~DELL~~COVAD ~~32.500~~COMMUNICATIONS ~~STRIKE~~GROUP ~~PUT~~Cmn ~~01/~~222814204 ~~Opt (P) 247025109 1~~57,~~500,000~~570 157,000 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~DELL~~COX ~~45.0~~ENTERPRISES ~~STRIKE~~2% ~~PUT~~CB ~~01/19~~Conv ~~Opt~~Bond ~~(P)~~224050AM6 ~~247025109 5~~4,~~500~~037,~~000~~340 24,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~DELL~~COX ~~COMPUTER~~COMMUNICATIONS ~~Cmn~~7.75% ~~247025109~~P 10C Bond 224044503 59,~~492~~601,~~754~~813 ~~601~~1,~~735~~007,000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~DEUTSCHE~~COX ~~TELEKOM~~40.0 AGSTRIKE ~~-SPONS~~PUT ~~Cmn~~09/22/ ~~251566105~~Opt ~~289~~(Put) 224044107 365,~~653,975~~625 93,~~902,700~~750 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 85,799,782 ------------------------------------------------------------------------------------------------------------------------------------

--------------------- ~~Page 19 of 64~~ FORM 13F (SEC USE ONLY) --Page --19 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------ ~~Item 7:~~ ----- -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~DEVON~~COX ~~ENERGY~~COMMUNICATIONS ~~CORP~~- CLASS Cmn ~~25179M103~~224044107 1,~~883~~262,~~973~~550 3028,~~900~~500 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~DIGITAL~~CAMPBELL ~~ISLAND~~SOUP 6%CO CBCmn ~~DUE~~134429109 ~~2 CB 25385NAA9 1~~5,~~160~~238,~~999~~529 5203,~~000~~438 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~DIMON,~~CPN ~~INC~~35.0 ~~Cmn~~STRIKE ~~254394109~~PUT ~~1,047,200~~01/19/ ~~190~~Opt (Put) 131347106 279,~~400~~000 600 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~DISH~~CPN 2540.0 STRIKE PUT 01/19/ Opt (PPut) ~~278762109~~131347106 ~~418~~720,~~750~~000 ~~500~~1,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~DNA~~CALPINE ~~70.0~~CORP ~~STRIKE~~Cmn ~~PUT~~131347106 ~~03/17/ Opt (P) 368710406 462~~3,~~500~~192,437 184,~~000~~456 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~DOBSON~~CPQ ~~COMMUNICATIONS~~20.0 ~~-CL~~STRIKE ~~Cmn~~PUT ~~256069105~~01/19/ ~~960~~Opt (Put) 204493100 535,~~863~~000 651,~~700~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~DOVER~~COMPAQ COMPUTER CORP Cmn ~~260003108~~204493100 34,~~423~~149,~~475~~647 84267,~~400~~892 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ DRCANADIAN ~~HORTON~~PAC ~~9.75%~~LTD ~~DUE~~Cmn ~~9/15/2~~135923100 ~~CB 23331AAF6 985~~3,~~000~~588,250 192,~~000~~600 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~DUKE~~COMPUWARE ~~ENERGY~~CORP Cmn ~~264399106~~205638109 2815,~~311,554~~981 2758,~~115~~326 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~DYCOM~~CMVT ~~INDUSTRIES~~50.0 ~~INC~~STRIKE ~~Cmn~~PUT ~~267475101~~01/19 Opt (Put) 205862402 1,~~649~~610,~~531~~000 452,~~900~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~DYNEGY~~CMVT ~~INC~~50.0 ~~Cmn~~STRIKE ~~26816Q101~~PUT ~~205,918~~10/20 3Opt (Put) 205862402 277,~~673~~500 500 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~E*TRADE~~CURAGEN 6.0% ~~2/1/07~~ CB ~~269246AB0~~Conv 54Bond 23126RAC5 9,~~441~~454,~~198~~412 9911,~~950~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~EARTHWEB~~CRANE ~~INC~~CO USCmn 7%224399105 CB1,136,491 ~~DUE CB 27032CAB4 340~~36,~~455~~661 ~~970~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~EASYLINK~~CIRRUS ~~SERVICES~~LOGIC ~~CORP~~INC CBCmn ~~560311AC6~~172755100 ~~552~~888,~~051~~958 438,~~250~~600 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~EATON~~CISCO ~~VANCE~~SYS ~~CORP~~INC Cmn ~~278265103~~17275R102 ~~499~~29,~~875~~647,800 151,~~500~~629,000 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 7062,~~343~~796,~~341~~554 ------------------------------------------------------------------------------------------------------------------------------------

--------------------- ~~Page 20 of 64~~ FORM 13F (SEC USE ONLY) --Page --20 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------ ~~Item 7:~~ ----- -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~ECHOSTAR~~COMPUTER ~~COMMUNICATIONS~~SCIENCES CORP Cmn ~~278762109~~205363104 3,~~393~~912,~~299~~533 ~~149~~113,~~156~~079 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~ECI~~CSX ~~TELECOM~~CORP ~~LTD~~ Cmn ~~268258100~~126408103 ~~694~~5,~~492~~918,137 49163,~~662~~304 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~ECOLAB~~CINTAS ~~INC~~CORP Cmn ~~278865100~~172908105 1,~~835~~239,~~469~~778 4226,~~500~~806 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~EDWARDS~~COOPER (ATIRE G)& ~~INC~~RUBR CO Cmn ~~281760108~~216831107 21,~~054~~195,~~044~~228 4384,~~300~~171 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~EGRP~~CENTURYTEL ~~15.0~~INC ~~STRIKE~~Cmn ~~PUT~~156700106 ~~01/20 Opt (P) 269246104 762~~1,~~500~~495,275 149,~~000~~349 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ELCITRIX ~~40.~~SYS 0% ~~STRIKE~~CB ~~PUT~~DUE 043/2122/2 ~~Opt~~Conv ~~(P)~~Bond ~~518439104~~177376AB6 ~~483~~99,~~750~~982,256 2173,~~150~~505 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ELCITRIX ~~45.0~~SYS ~~STRIKE~~INC ~~PUT~~Cmn ~~04/21/2~~177376100 ~~Opt~~1,189,776 ~~(P) 518439104 234~~34,~~375~~091 ~~500~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~ELAN~~CENTEX CORP 0%Cmn ~~OID~~152312104 ~~DUE 12/14 CB 284129AC7 161~~2,~~149~~873,~~844~~079 ~~219~~70,~~625~~505 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~ELECTRONICS~~CUMMINGS ~~FOR~~INC ~~IMAGING IN~~ Cmn ~~286082102~~231021106 ~~150~~2,~~553~~057,834 1053,~~802~~174 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~ELI~~CRUS ~~LILLY~~25.0 ~~Cmn~~STRIKE ~~532457108~~PUT ~~1,948,263~~01/19 20Opt (Put) 172755100 531,~~935~~250 850 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~EMC~~CITIGROUP 70INC.0 ~~STRIKE~~Cmn ~~PUT~~172967101 ~~01/19/ Opt (P) 268648102 3~~45,~~350~~236,~~000~~007 2856,~~000~~094 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~EMC~~CSC ~~75.0~~HOLDINGS ~~STRIKE~~INC ~~PUT~~7.625% ~~01/19/~~DU ~~Opt~~Corp ~~(P)~~Bond ~~268648102~~126304AN4 ~~993~~10,~~750~~ 500,000 10,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~EMC~~CABLEVISION ~~80.0~~SYSTEMS ~~STRIKE~~-CL ~~PUT~~A ~~01/19/~~Cmn ~~Opt~~12686C109 ~~(P) 268648102 2~~1,~~890~~790,~~625~~100 130,~~250~~600 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~179~~177,~~940~~921,~~964~~252 ------------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 21 of 64~~ FORM 13F (SEC USE ONLY) --Page --21 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ----------------------------- ~~Item 7:~~ -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~EMC~~CONVERGYS ~~CORPORATION~~CORP Cmn ~~268648102~~212485106 6954,~~481,489~~388 9731,~~466~~550 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~EMERSON~~CVS ~~ELECTRIC~~45.0 ~~Cmn~~STRIKE ~~291011104~~PUT ~~424~~01/19/ Opt (Put) 126650100 845,~~090~~000 51,~~381~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~ENERGY~~CVS ~~EAST~~45.0 ~~CORPORATION~~STRIKE ~~Cmn~~PUT ~~29266M109~~08/18/ ~~291,375~~Opt 14(Put) 126650100 500,~~800~~500 700 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~ENGELHARD~~CVS CORP Cmn ~~292845104~~126650100 ~~462~~5,~~513~~541,030 22143,~~700~~550 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~ENSCO~~CENTENNIAL ~~INTL~~COMMUNICATIONS ~~INC~~ Cmn ~~26874Q100~~15133V208 1919,~~655,438~~396 4869,~~600~~704 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~EQUIFAX~~CITY ~~INC~~NATIONAL CORP Cmn ~~294429105~~178566105 ~~413~~757,~~100~~359 1417,~~400~~100 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~ESTEE~~CSCO ~~LAUDER MAND~~27.5 ~~6.25%~~STRIKE TPUT CB01/19 ~~518437207~~Opt ~~55,026,606~~(Put) ~~734~~17275R102 482,~~300~~500 500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~ETYS~~CYPRESS ~~10.0~~SEMICONDUCTOR ~~STRIKE~~Cmn ~~PUT~~232806109 ~~01/20 Opt (P) 297862104 2~~338,~~784,750~~670 214,~~820~~200 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~ETYS~~CITIZEN 5COMMUNICATION 6.~~0000~~75 ~~STRIKE~~C ~~PUT~~Bond ~~02/~~17453B200 ~~Opt (P) 297862104 562~~3,~~875~~778,125 1150,~~140~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~EXELON~~CITIZENS ~~CORP~~COMMUNICATIONS Cmn ~~30161N101~~17453B101 23,~~123~~207,~~853~~715 30266,~~250~~643 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~EXIDE~~DELTA ~~CORP~~AIRLINES Cmn ~~302051107~~247361108 1863,~~231,704~~219 ~~161~~19,~~535~~583 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~EXODUS~~DOBSON COMMUNICATIONS -CL Cmn ~~302088109~~256069105 72,~~164~~032,~~000~~360 ~~358~~119,200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~EXXON~~DANA ~~MOBIL~~ CORP Cmn ~~30231G102~~235811106 9685,~~451,671~~052 ~~108~~29,~~718~~351 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~FANNIE~~DILLARD'S ~~MAE~~INC - CL A Cmn ~~313586109~~254067101 2,~~406~~017,~~011~~763 27132,~~735~~139 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 9022,~~479~~923,~~475~~076 ------------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 22 of 64~~ FORM 13F (SEC USE ONLY) --Page --22 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ----------------------------- ~~Item 7:~~ -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~FASTENAL~~DU PONT DE NEMOURS & CO. Cmn ~~311900104~~263534109 ~~680~~8,~~450~~235,774 12170,~~400~~725 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~FEDERAL~~DELL ~~HOME~~COMPUTER ~~LN MTG CORP~~ Cmn ~~313400301~~247025109 ~~356~~16,~~979~~506,795 5631,~~183~~235 X n/a X --------------------------------------------------------------------------------------------------------------------------------- ~~FEDERAL~~-~~MOGUL~~-- ~~CORPOR~~DEERE ~~7.37~~& CBCOMPANY ~~313549AQ0~~Cmn ~~560~~244199105 1,~~000~~868,162 349,~~500~~357 X n/a ~~n/a~~X --------------------------------------------------------------------------------------------------------------------------------- ~~FEDERAL~~-~~MOGUL~~-- ~~CORPOR~~DEAN ~~7.875~~FOODS CBCO ~~313549AM9~~Cmn ~~880~~242361103 6,~~000~~472,200 5161,~~500~~000 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~FEDEX~~DOLLAR ~~CORPORATION~~GEN CORP Cmn ~~31428X106~~256669102 1,~~866~~188,~~971~~116 4660,~~721~~929 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~FINOVA~~D ~~CAPITAL~~R ~~7.25%~~HORTON ~~07/12~~INC CBCmn ~~318074AV3~~23331A109 1,~~140~~726,~~000~~471 276,~~000~~056 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~FINOVA~~DANAHER ~~CAPITAL~~ CORP ~~6.125%~~Cmn CB235851102 ~~318074AU5~~ 2,~~400~~025,~~000~~240 436,~~000~~165 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~FINOVA~~ECHOSTAR ~~CAPITAL CORP 6~~10.375% CBDUE ~~318074AQ4~~10/1/ 7Corp Bond 27876MAB1 2,~~676~~000,~~250~~000 132,~~350~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~FINOVA~~ECHOSTAR ~~CAPITAL~~COMMUNICATIONS ~~CORP~~- ~~6.50%~~Cmn CB278762109 ~~31808CBW1 2~~1,~~825~~916,~~000~~022 559,~~000~~100 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~FINOVA~~DISNEY ~~CAPITAL~~WALT ~~CORP~~CO ~~6.75%~~Cmn CB254687106 ~~318074AT8 2~~16,~~429~~663,~~500~~896 4576,~~300~~805 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~FINOVA~~DOW ~~CAPITAL~~JONES ~~CORP~~& ~~7.30%~~CO CBINC ~~31808CCV2~~Cmn 2260561105 817,~~015,000~~967 313,~~250~~699 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~FINOVA~~DELL ~~CAPITAL~~30.0 ~~CORP~~STRIKE ~~7.625%~~PUT CB01/19 ~~318074AW1~~Opt 3(Put) 247025109 2,~~420~~725,000 65,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~FIRST~~DELUXE ~~UNION~~ CORP Cmn ~~337358105~~248019101 31,~~946~~798,~~705~~823 ~~141~~62,~~904~~243 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~FIRST~~DIME ~~VIRGINIA~~BANCORP ~~BANKS~~ INC C Cmn ~~337477103~~25429Q102 ~~566~~37,~~400~~648,575 111,~~800~~010,700 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 30101,~~763~~593,~~255~~042 ------------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 23 of 64~~ FORM 13F (SEC USE ONLY) --Page --23 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ----------------------------- ~~Item 7:~~ -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~FISERV~~DIMON, INC. ~~CMN STK~~ Cmn ~~337738108~~254394109 1563,~~562,591~~000 3256,~~940~~300 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~FLAG~~DONNELLEY ~~TELECOM~~R ~~HLDGS~~R ~~LTD~~& SONS CO Cmn ~~G3529L102~~257867101 ~~984~~553,~~375~~757 ~~157~~18,~~500~~645 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~FLC~~DOLE ~~9.5~~FOOD ~~STRIKE~~INC ~~05/01/2009~~Cmn Wt256605106 ~~74912E119 4~~417,~~752,967~~195 821,~~520~~900 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~FLOWERS~~DO ~~INDUSTRIES~~30.0 ~~Cmn~~STRIKE ~~343498101~~PUT 1101/19/2 Opt (Put) 25271C102 240,~~562,075~~000 ~~734~~1,~~100~~000 X n/a Xn/a -------------------------------------------------------------------------------------------------------------------------------- ~~FOREST LABORATORIES~~ -CL--- ADOVER CORP Cmn ~~345838106~~260003108 36,~~095~~077,~~988~~312 23161,~~300~~416 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~FOREST~~DOW ~~OIL~~CHEMICAL ~~CORP~~COMPANY Cmn ~~346091705~~260543103 ~~739~~4,~~344~~732,705 20142,~~050~~337 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~FORT~~AMDOCS ~~JAMES~~LTD ~~CORPORATI~~Cmn ~~6.875~~G02602103 ~~CB 347471AR5 6~~3,~~020~~274,~~000~~080 760,~~000~~800 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~FOSTER~~DELPHI ~~WHEELER~~AUTOMOTIVE ~~CORP~~SYSTEMS Cmn ~~350244109~~247126105 ~~410~~1,~~025~~643,180 78103,~~100~~150 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~FOUR~~DPL ~~SEASONS~~INC 0%Cmn CB233293109 ~~DUE 9/2 CB 35100EAD6 9~~839,~~597,760~~840 2529,~~785~~000 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~FPL~~DUKE ~~GROUP~~REALTY ~~INC~~CORP Cmn ~~302571104~~264411505 1,~~678~~071,~~950~~035 2343,~~400~~100 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~FRANKLIN~~DARDEN ~~RESOURCES~~RESTAURANTS, INC. Cmn ~~354613101~~237194105 1608,~~592,771~~304 4121,~~805~~803 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~FREMONT~~DEUTSCHE ~~GENERAL~~TELEKOM 7FIN 8.~~875~~00% ~~03/~~Corp CBBond ~~356609AF4~~25156PAB9 115,~~350~~525,000 315,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~FREMONT~~DTEG ~~GENERAL CORP~~18.150 ~~Cmn~~STRIKE ~~357288109~~02/01/2 ~~739~~Wt 73936C117 1,~~125~~823,733 ~~262~~34,~~800~~824 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~FRONTLINE~~DTE ~~CAPITAL~~ENERGY ~~GROUP~~CO Cmn ~~35921N101~~233331107 1,~~329~~213,~~688~~059 ~~100~~26,~~000~~121 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 4538,~~415~~582,~~657~~199 ------------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 24 of 64~~ FORM 13F (SEC USE ONLY) --Page --24 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ----------------------------- ~~Item 7:~~ -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~GALILEO~~DUKE ~~TECHNOLOGY~~ENERGY ~~LTD~~ Cmn ~~363547100~~264399106 28,~~902~~044,~~500~~174 ~~215~~206,~~000~~208 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~GALLAGHER~~DOMINION ~~(ARTHUR~~RES ~~J.)~~INC &VA CO Cmn ~~363576109~~25746U109 ~~992~~7,~~550~~632,842 15126,~~600~~939 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~GAP~~DEVON ~~INC~~ENERGY CORP Cmn ~~364760108~~25179M103 21,~~278~~078,~~604~~193 8920,~~357~~537 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~GATX~~DEVX ~~CORPORATION~~ENERGY INC Cmn ~~361448103~~25189P203 ~~867~~65,~~825~~500 1710,~~400~~000 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~GBLX~~DYNEGY ~~25.0~~INC ~~STRIKE~~Cmn ~~PUT~~26816Q101 ~~01/19 Opt (P) G3921A100 1~~2,~~231~~791,~~250~~302 160,~~000~~028 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~GBLX~~EASYLINK ~~40.000~~SERVICES ~~STRIKE~~CORP ~~PUT~~Conv ~~01/~~Bond ~~Opt~~560311AC6 ~~(P) G3921A100 5~~348,~~200,~~000 24,~~000~~350 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ GEEMC 4080.0 STRIKE PUT 01/19/2 Opt (PPut) ~~369604103~~268648102 ~~750~~6,~~000 2~~262,500 1,250 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ GEECI ~~43.375~~TELECOM ~~STRIKE~~LTD ~~PUT~~Cmn ~~01/20~~268258100 ~~Opt (P) 369604103 309~~108,~~375~~910 421,~~500~~782 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ GEECOLAB ~~46.625~~INC ~~STRIKE~~Cmn ~~PUT~~278865100 ~~01/19 Opt (P) 369604103 3~~2,~~262~~225,~~500~~122 654,~~000~~311 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ GEENGELHARD 50CORP ~~STRIKE~~Cmn ~~PUT~~292845104 ~~01/19/200 Opt (P) 369604103 3~~2,~~191~~709,~~250~~678 4105,~~600~~067 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~GENERAL~~ELECTRONIC ~~DYNAMICS~~DATA ~~CORP~~SYSTEMS Cmn ~~369550108~~285661104 426,~~820~~074,~~400~~938 61417,~~800~~199 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~GENERAL~~CONSOLIDATED ~~MOTORS~~EDISON ~~(HUGHES)~~INC. Cmn ~~370442832~~209115104 21,~~208~~342,~~000~~573 9633,~~000~~733 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~GENERAL~~ELECTRONICS ~~PUBLIC~~FOR ~~UTILITIES~~IMAGING Cmn ~~36225X100~~286082102 14904,~~459,950~~382 ~~392~~30,~~800~~657 X n/a X -------------------------------------------------------------------------------------------------------------------------------- ~~GENZYME CORP~~---- ~~GENL~~EQUIFAX ~~DIVIS~~INC Cmn ~~372917104~~294429105 3832,~~979,914~~269 4422,~~252~~690 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 4660,~~454~~420,~~118~~382 ------------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 25 of 64~~ FORM 13F (SEC USE ONLY) --Page --25 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ----------------------------- ~~Item 7:~~ -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~GEORGIA~~EDISON ~~GULF~~INTERNATIONAL ~~CORP~~Corp ~~Cmn~~Bond ~~373200203~~84240AQK0 ~~458~~2,~~981~~160,000 263,~~900~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~GEORGIA~~SCECORP ~~PACIFIC~~5.625% ~~TIMBER~~10/01/2002 ~~GRO~~Corp ~~Cmn~~Bond ~~373298702~~842400DK6 41,~~454~~513,~~700~~000 481,~~800~~700 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~GETTY~~SCECORP ~~IMAGES 5~~6.025% CB06/15/2003 ~~DUE~~S 3Corp CBBond ~~374276AE3~~842400DF7 61,~~955~~552,~~251~~950 91,~~086~~785 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~GILAT~~EDISON ~~SATELLITE~~INTERNATIONAL ~~NETWORKS,~~ Cmn ~~M51474100~~281020107 1576,~~685,550~~232 6651,~~100~~680 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~GILEAD~~EMC ~~SCIENCES~~70.0 ~~INC~~STRIKE ~~Cmn~~PUT ~~375558103~~01/19/ ~~331~~Opt (Put) 268648102 8,~~750~~020,000 42,000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~GLOBAL~~EMC ~~CROSSING~~75.0 7%STRIKE ~~PERP.~~PUT P01/19/ ~~Pfd~~Opt ~~G3921A142~~(Put) 28268648102 1,~~039~~720,~~211~~000 ~~226,~~500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~GLOBAL~~EASTMAN ~~MARINE~~KODAK 0%Cmn CB277461109 ~~6/23/2 CB 379352AN7 16~~11,~~359~~942,~~106~~891 31255,~~672~~846 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~GOLDEN~~ELAN ~~STATE~~CORP ~~BANCORP~~0% ~~Cmn~~OID ~~381197102~~DUE ~~660~~12/14 Conv Bond 284129AC7 378,~~188~~447,711 21431,~~000~~907 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~GOLDEN~~ESTEE-LAUDER ~~WEST~~COMPANIES ~~FINL CORP~~ Cmn ~~381317106~~518439104 5575,~~143,500~~126 7613,~~200~~344 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~GOODRICH~~EMC ~~(B.F.)~~CORPORATION ~~CO.~~ Cmn ~~382388106~~268648102 ~~803~~38,~~888~~441,633 221,~~100~~323,292 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~GOODYEAR~~EASTMAN ~~TIRE~~CHEMICAL &CO ~~RUBB~~Cmn ~~8.5%~~277432100 ~~CB 382550AG6 9~~677,~~240,000~~680 1014,~~500~~228 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~GRAINGER~~EMERSON WELECTRIC ~~W INC~~ Cmn ~~384802104~~291011104 213,~~284~~984,~~900~~394 62231,~~600~~147 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~GREAT~~ENE ~~ATLANTIC~~40.0 &STRIKE ~~PAC~~PUT ~~TEA~~01/19/ ~~Cmn~~Opt ~~390064103~~(Put) ~~305~~293561106 540,~~900~~000 432,~~700~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~GREENPOINT~~ENRON ~~FINANCIAL~~ CORP. Cmn ~~395384100~~293561106 ~~401~~10,~~188~~815,721 9220,~~800~~729 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 77470,~~124~~967,~~112~~337 ------------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 26 of 64~~ FORM 13F (SEC USE ONLY) --Page --26 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ----------------------------- ~~Item 7:~~ -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~GREY~~ENAMELON ~~WOLF~~ INC Cmn ~~397888108~~292499100 ~~539,325~~535 9121,~~800~~404 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~GTECH~~ENZON ~~HOLDINGS CORP~~ Cmn ~~400518106~~293904108 ~~207~~1,~~681~~406,250 1022,~~100~~500 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ GXEOG ~~15.0~~RESOURCES ~~STRIKE~~INC ~~PUT~~Cmn ~~01/18/2~~26875P101 ~~Opt (P) G3921A100 575~~3,~~000~~516,037 198,~~000~~904 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ GXEL ~~20.0~~PASO ~~STRIKE~~CORP ~~PUT~~Cmn ~~01/18/2~~28336L109 ~~Opt~~4,245,390 ~~(P) G3921A100 225~~80,~~000~~803 ~~250~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~HAL~~EQUITABLE ~~40.0~~RESOURCES ~~STRIKE~~INC ~~PUT~~Cmn ~~04/21/~~294549100 ~~Opt~~1,072,582 ~~(P) 406216101 363~~32,~~375~~200 ~~570~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~HALLIBURTON~~SEPR CO30.0 ~~COMMON~~STRIKE ~~Cmn~~PUT ~~406216101~~01/19 ~~996~~Opt (Put) 817315104 647,~~803~~500 271,~~498~~750 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~HARLAND~~SEPR ~~(JOHN H~~35.)0 COSTRIKE CBPUT ~~805897AA3~~01/19 ~~1,080,975~~Opt 1(Put) 817315104 287,~~420~~500 500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~HARLEY-DAVIDSON~~SEPR ~~INC~~40.0 ~~Cmn~~STRIKE ~~412822108~~PUT ~~2,929,575~~01/19 73Opt (Put) 817315104 577,500 700 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~HARRAH'S~~SEPR ~~ENTERTAINMENT~~45.0 ~~INC~~STRIKE ~~Cmn~~PUT ~~413619107~~01/19 ~~844~~Opt (Put) 817315104 1,130,000 321,000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~HARRIS~~SEPR ~~CORP~~50.0 ~~DEL~~STRIKE ~~Cmn~~PUT ~~413875105~~01/19 ~~897,313~~Opt 29(Put) 817315104 740,~~300~~000 500 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~HASBRO,~~SEPR ~~INC~~55.0 ~~5.6%~~STRIKE ~~11/~~PUT 01/2019 CBOpt ~~418056AJ6~~(Put) 817315104 1,~~400~~850,000 21,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~HASBRO,~~SEPR ~~INC~~80.0 ~~8.5%~~STRIKE 03PUT 01/~~15/20~~19 CBOpt ~~418056AL1~~(Put) ~~810,000~~817315104 1405,000 100 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~HCA~~ELECTRONIC -ARTS ~~THE~~INC ~~HEALTHCARE CO~~ Cmn ~~404119109~~285512109 1,~~382~~410,~~882~~734 3124,~~422~~365 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~HEALTH~~SEPR ~~MANAGEMNT~~85.0 ~~ASSC~~STRIKE ~~Cmn~~PUT ~~421933102~~01/19 ~~622,500~~Opt 30(Put) 817315104 1,359,000 300 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 1218,~~874~~648,~~428~~027 ------------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 27 of 64~~ FORM 13F (SEC USE ONLY) --Page --27 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------- ~~Item 7:~~ ---- ------------------ Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~HEALTHSOUTH~~SEPR ~~CORP~~90.0 ~~Cmn~~STRIKE ~~421924101~~PUT 401/19 Opt (Put) 817315104 2,~~781~~510,~~765~~000 ~~293,135~~500 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~HERSHEY~~E*TRADE ~~FOODS~~6% ~~CORP~~2/1/07 ~~Cmn~~Conv ~~427866108~~Bond 4269246AB0 13,~~744~~996,~~438~~457 7323,~~700~~081 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~HEWLETT~~ENTRADE ~~PACKARD~~INC COCMN STOCK Cmn ~~428236103~~29382L100 218,~~475,384~~910 7831,~~428~~516 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~HIBERNIA~~EATON CORP ~~CL 'A'~~ Cmn ~~428656102~~278058102 ~~451~~766,~~350~~263 3510,~~400~~931 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~HILLENBRAND~~ENTERGY ~~INDUSTRIES~~CORP NEW Cmn ~~431573104~~29364G103 ~~417~~1,~~150~~564,661 840,~~100~~757 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~HILLS~~ENTERASYS ~~STORES~~NETWORKS ~~12.5%~~INC SRCmn ~~NOTE~~293637104 ~~CB 431692AC6 155~~683,~~000~~878 129,~~550~~929 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~HONEYWELL~~E ~~INTl~~TRADE GROUP INC Cmn ~~438516106~~269246104 47304,~~354,987~~440 147,~~000,898~~200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~HUNTINGTON~~ETOYS ~~BANCSHARES~~INC CMN Cmn ~~446150104~~297862104 ~~421~~14,~~652~~301 261,~~048~~181,865 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~HWP~~WEBS ~~115.00~~MEXICO ~~STRIKE~~INDEX ~~PUT~~SERIES ~~01/2~~Cmn ~~Opt~~464286822 ~~(P) 428236103~~ 3,~~690~~061,~~000~~645 1181,~~200~~700 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~HWP~~EXELON ~~95.0~~CORP ~~STRIKE~~Cmn ~~PUT~~30161N101 ~~01/19/ Opt (P) 428236103 2~~7,~~025~~757,~~000~~302 1120,~~000~~981 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ I2EXODUS ~~TECHNOLOGY~~COMMUNICATION 511.~~25%~~62 CBCorp ~~12/~~Bond CB302088AL3 ~~465754AF6 113~~1,~~363~~480,~~140~~000 704,~~113~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~IBM~~EXODUS ~~100~~5.0025% ~~STRIKE~~CB ~~PUT~~DUE 012/15/2 ~~Opt~~Conv ~~(P)~~Bond ~~459200101~~302088AP4 32,150,~~000~~067 210,~~000~~590 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~IBM~~EXODUS ~~105.0~~COMMUNICATIONS ~~STRIKE~~INC ~~PUT~~Cmn ~~01/20~~302088109 ~~Opt (P) 459200101 2~~488,~~025,000~~181 1236,~~000~~981 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~IBM~~EXIDE ~~80.0~~TECHNOLOGIES ~~STRIKE~~Cmn ~~PUT~~302051107 ~~01/19/ Opt (P) 459200101 4~~1,~~200~~551,~~000~~753 4134,~~000~~935 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~189~~36,~~254~~347,~~865~~856 ------------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 28 of 64~~ FORM 13F (SEC USE ONLY) --Page --28 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------- ~~Item 7:~~ ---- ------------------ Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~IBM~~FIRST ~~85.000~~AMER ~~STRIKE~~FINL ~~PUT~~CP ~~01/2~~CA ~~Opt~~Cmn ~~(P)~~318522307 ~~459200101~~1,193,220 ~~265~~63,~~625~~000 ~~500~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~IBM~~FLEET ~~90.000~~BOSTON ~~STRIKE~~FINANCIAL ~~PUT~~Cmn ~~01/1~~339030108 ~~Opt (P) 459200101 1~~6,~~537~~776,~~500~~642 1171,~~000~~778 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~IBM~~FELCOR LODGING TRUST INC Cmn ~~459200101~~31430F101 37568,~~032,545~~620 ~~435~~24,~~677~~300 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~IBP~~FOCAL ~~INC~~COMMUNICATIONS ~~Cmn~~0% ~~449223106~~02 23Corp Bond 344155AC0 2,~~869~~493,~~025~~700 ~~892~~11,~~300~~335 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~IDACORP~~FOCAL ~~INC~~COMMUNICATIONS CORP Cmn ~~451107106~~344155106 ~~696~~303,~~688~~260 14128,~~200~~500 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~IDEC~~CKFR ~~PHARM~~40. 0% CBSTRIKE ~~DUE~~PUT 208/1618 CBOpt ~~449370AC9~~(Put) ~~299,544,653~~162813109 ~~117~~245,~~200~~625 375 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~IDPH~~FREEPORT-MCMORAN ~~41.625~~COPPER ~~STRIKE~~Cmn ~~PUT~~35671D857 ~~04/ Opt (P) 449370105 887~~293,~~500~~576 126,~~000~~568 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~IDPH~~FIRST 53DATA CORP.~~375~~ ~~STRIKE~~Cmn ~~PUT~~319963104 ~~04/~~10,483,094 ~~Opt (P) 449370105 397~~163,~~500~~161 ~~200~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~IDPH~~FEDERATED ~~53.375~~DEPT ~~STRIKE~~STORES ~~PUT~~Cmn ~~07/~~31410H101 ~~Opt (P) 449370105~~ 1,~~381~~546,~~250~~830 ~~500~~36,396 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~IDPH~~FEDEX ~~56.625~~CORPORATION ~~STRIKE~~Cmn ~~PUT~~31428X106 ~~04/~~2,265,833 ~~Opt (P) 449370105 831~~56,~~250~~364 ~~350~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~IKON~~FIRSTENERGY ~~OFFICE~~CORP ~~SOLUTIONS INC~~ Cmn ~~451713101~~337932107 ~~410~~1,~~750~~329,494 ~~164~~41,~~300~~340 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~INCO~~FAIR ~~LTD.~~ISAAC ~~COMMON~~& ~~STOCK~~COMPANY NINC Cmn ~~453258402~~303250104 1479,~~122,920~~105 677,~~000~~750 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~INFINITY~~FISERV ~~BROADCASTING~~INC ~~CORP~~ Cmn ~~45662S102~~337738108 611,~~163~~261,~~569~~558 219,~~189,300~~718 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~INGERSOLL~~FIFTH ~~RAND~~THIRD COBANCORP Cmn ~~456866102~~316773100 5,~~004~~479,~~063~~803 ~~119~~91,~~500~~254 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~434~~34,~~144~~720,~~837~~360 ------------------------------------------------------------------------------------------------------------------------------------

--------------------- ~~Page 29 of 64~~ FORM 13F (SEC USE ONLY) --Page --28 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ----------------------------- ~~Item 7:~~ ------------------ Name of Issuer Title of CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~INTC~~FLUOR ~~32.5~~CORP ~~STRIKE PUT 01/20 Opt~~ (PNEW) ~~458140100~~Cmn ~~980~~343412102 654,~~000~~720 214,~~800~~501 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~INTC~~FMC ~~40.0~~CORP ~~STRIKE~~COMMON ~~PUT~~STOCK ~~01/20~~Cmn ~~Opt~~302491303 ~~(P) 458140100 1~~387,~~962,500~~227 25,~~000~~648 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~INTC~~FEDERAL-MOGUL 42CORP 7.~~500~~5% ~~STRIKE~~Corp ~~CALL~~Bond 07313549AK3 ~~Opt (Call) 458140100 342~~722,~~188~~500 14,~~500~~250 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~INTC~~FEDERAL-MOGUL 50CORP 7.0375 ~~STRIKE~~Corp ~~PUT~~Bond ~~01/20~~313549AQ0 ~~Opt (P) 458140100 2~~520,~~600,~~000 14,~~300~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~INTC~~FEDERAL ~~60.0~~MOGUL ~~STRIKE~~Cmn ~~PUT~~313549107 ~~01/19 Opt (P) 458140100 5~~300,~~975,000~~144 2177,~~000~~600 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~INTC~~FANNIE 65MAE 7.0125% ~~STRIKE~~DUE ~~PUT 01~~06/201 ~~Opt~~Corp ~~(P)~~Bond ~~458140100~~31359MFS7 653,~~950~~348,~~000~~750 250,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~INTEL~~FANNIE ~~CMN~~MAE ~~STOCK~~7.250% ~~Cmn~~DUE ~~458140100~~01/1 23Corp Bond 31359MFG3 209,~~964~~600,~~893~~430 ~~797~~195,~~169~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~INTEREPUBLIC~~FANNIE ~~GRP~~MAE ~~OF COS~~ Cmn ~~460690100~~313586109 323,~~813~~584,~~600~~421 89276,~~600~~975 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~INTERMEDIA~~FINOVA ~~COMM~~CORP ~~FLA 8.~~6.25% CB11/01/20 ~~458801AV9~~Corp 2Bond 318074AS0 4,~~318~~650,000 35,~~800~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~INTERMEDIA~~FINOVA ~~COMM~~CAPITAL ~~FLA~~CORP 86.~~875~~375% CBCorp ~~458801AS6~~Bond 1318074AQ4 6,~~300~~510,000 27,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~INTERMEDIA~~FINOVA ~~COMM~~CAPITAL ~~FLA~~CORP ~~INC~~6.75% ~~Cmn~~Corp ~~458801107~~Bond 318074AT8 1,~~797~~860,~~019~~000 ~~250~~2,~~020~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~INTERNATIONAL~~FINOVA ~~RECTIFIER~~CAPITAL ~~Cmn~~CORP ~~460254105~~6.50% 5Corp Bond 31808CBW1 4,~~766~~650,000 ~~192~~5,~~200~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~INTRAWARE~~SPRINT ~~INC~~CORP Cmn ~~46118M103~~852061100 ~~115~~7,~~359~~702,181 78360,~~542~~589 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~INVITROGEN~~FORTUNE 5BRANDS INC.~~50%~~ CBCmn ~~DUE~~349631101 ~~3/ CB 46185RAB6 5~~928,~~793,409~~197 424,~~750~~197 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 63315,~~677~~418,~~967~~570 ------------------------------------------------------------------------------------------------------------------------------------

--------------------- ~~Page 30 of 64~~ FORM 13F (SEC USE ONLY) --Page --28 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ----------------------------- ~~Item 7:~~ ------------------ Name of Issuer Title of CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~IPALCO~~FPL ~~ENTERPRISES~~GROUP INC Cmn ~~462613100~~302571104 162,~~449~~067,~~919~~672 ~~680~~34,~~100~~341 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ITFEDERAL ~~GROUP~~HOME ~~INC.~~LN MTG CORP Cmn ~~465266104~~313400301 114,~~629~~984,~~500~~970 ~~325~~214,~~900~~071 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~ITC~~FOREST ~~DELTACOM~~LABORATORIES ~~INC~~-CL A Cmn ~~45031T104~~345838106 ~~391~~2,~~359~~225,566 7231,~~600~~346 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~ITRA~~FEDERAL ~~5.0~~SIGNAL ~~STRIKE~~CORP ~~PUT~~Cmn ~~04/21/~~313855108 ~~Opt~~410,725 ~~(P) 46118M103 224~~17,~~938~~500 ~~590~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~IVAX~~FOREST OIL CORP ~~5.5%~~Cmn CB346091705 ~~5/15/07 CB 465823AD4 42~~1,~~303~~194,~~930~~200 3342,~~850~~650 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ J2FRANCE ~~GLOBAL~~TELECOM ~~COMMUNICATIONS~~7.75% ~~Cmn~~DUE ~~46626E205~~3 ~~697,899~~Corp 4Bond 35177PAB3 5,~~135~~050,~~700~~000 5,000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~JDSU~~FLAG ~~110.0~~TELECOM ~~STRIKE~~HLDGS ~~PUT~~LTD ~~03/1~~Cmn ~~Opt~~G3529L102 ~~(P) 46612J101 6~~545,~~812,500~~592 1107,~~000~~400 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~JNPR~~FIRST ~~125.00~~TENNESSEE ~~STRIKE~~NATL ~~PUT~~CORP ~~04/~~Cmn ~~Opt~~337162101 ~~(P)~~735,852 ~~48203R104 1~~21,~~446,875~~200 ~~500~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~JNPR~~FIRST ~~130.0~~UNION ~~STRIKE~~CORP ~~PUT~~Cmn ~~01/1~~337358105 ~~Opt (P) 48203R104 4~~9,~~300~~630,~~000~~722 1275,~~000~~636 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~JNPR~~FORD ~~150.0~~MOTOR ~~STRIKE~~COMPANY ~~PUT~~Cmn ~~01/1~~345370860 ~~Opt (P) 48203R104 3~~8,~~955~~289,~~000~~430 ~~700~~337,655 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~JNPR~~FOSTER ~~170.0~~WHEELER ~~STRIKE~~LTD ~~PUT~~6.75% ~~01/~~1 ~~Opt~~Corp ~~(P)~~Bond ~~48203R104~~350244AA7 14,~~405~~050,000 ~~200~~5,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~JNPR~~FOSTER ~~80.0~~WHEELER ~~STRIKE~~LTD ~~PUT~~Cmn ~~01/18~~G36535105 ~~Opt~~678,750 ~~(P) 48203R104 1~~75,~~081,250~~000 ~~500~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~JOHNSON~~GREAT ATLANTIC & ~~JOHNSON~~PAC TEA I Cmn ~~478160104~~390064103 2568,~~582,121~~320 2438,~~577~~400 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~JONES~~NICOR ~~APPAREL GROUP~~ INC Cmn ~~480074103~~654086107 1282,~~590,063~~878 497,~~400~~257 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 8450,~~870~~714,~~354~~677 ------------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 31 of 64~~ FORM 13F (SEC USE ONLY) --Page --28 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------ ~~Item 7:~~ ----- ------------------ Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ------------------------------------------------------------------------------------------------------------------------------------ JPGANNETT ~~MORGAN~~INC ~~CHASE & CO~~ Cmn ~~46625H100~~364730101 62,~~307~~764,~~452~~900 ~~138~~41,~~816~~956 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~JUNIPER~~GUIDANT ~~4.75%~~CORP CBCmn ~~DUE~~401698105 ~~3/15/ CB 48203RAA2 148~~1,~~169~~754,~~815~~244 ~~145~~48,~~265~~729 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ KGENERAL ~~MART~~DYNAMICS CORP Cmn ~~482584109~~369550108 ~~518~~2,~~203~~483,851 9731,~~544~~922 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~KAUFMAN~~GOLDEN &WEST ~~BROAD~~FINL ~~8.25%~~CORP CBDEL ~~486168503~~Cmn 2381317106 5,~~662~~878,~~423~~153 ~~276~~91,~~400~~503 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~KELLOGG~~GE CO40.0 ~~Cmn~~STRIKE ~~487836108~~PUT 101/19/2 Opt (Put) 369604103 362,~~578,728~~500 602,~~142~~500 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~KEMET~~GE ~~CORP~~50 ~~Cmn~~STRIKE ~~488360108~~PUT 301/19/200 Opt (Put) 369604103 2,~~687~~139,~~475~~000 ~~243~~4,~~800~~600 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~KENNAMETAL~~GE ~~INC~~46.625 ~~Cmn~~STRIKE ~~489170100~~PUT ~~314~~01/19 Opt (Put) 369604103 2,~~550~~010,000 106,~~800~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~KERR~~GENZYME ~~MCGEE~~ CORP- GENL DIVIS Cmn ~~492386107~~372917104 2462,~~389,669~~136 357,~~700~~576 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~KEYCORP~~GENERAL ELECTRIC CORP Cmn ~~493267108~~369604103 3122,~~793~~658,~~412~~413 ~~135~~2,~~479~~516,070 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~KIMBERLY~~NEW ~~CLARK~~GERMANY ~~CORP~~FUND Cmn ~~494368103~~644465106 11641,~~070,125~~344 ~~156~~91,~~601~~100 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~KITTY~~GEORGIA ~~HAWK~~GULF ~~INC~~CORP ~~9.95%~~Cmn ~~11/15~~373200203 ~~CB 498326AC1 3~~441,~~625,600~~750 828,~~240~~500 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~KLAC~~GILAT ~~35.000~~SATELLITE ~~STRIKE~~NETWORKS ~~PUT~~Cmn ~~01/~~M51474100 ~~Opt~~1,754,400 ~~(P) 482480100 209~~146,~~375~~200 ~~500~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~KNIGHT~~GENERAL ~~RIDDER~~MLS INC Cmn ~~499040103~~370334104 12,~~427~~589,~~563~~018 2559,~~100~~137 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~KOHL~~GREAT ~~CORPORATION~~LAKES 0%CHEM CBCORP ~~6/1~~Cmn CB390568103 ~~500255AJ3 9~~245,~~576,276~~905 157,~~822~~971 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~195~~146,~~330~~185,~~664~~614 ------------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 32 of 64~~ FORM 13F (SEC USE ONLY) --Page --28 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------ ~~Item 7:~~ ----- ------------------ Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~KONINKLIJKE~~GLOBAL ~~KPN~~MARINE ~~NV-~~0% SPCB ~~ADR~~6/23/2 ~~Cmn~~Conv ~~780641205~~Bond 1379352AN7 16,~~487~~363,~~413~~023 ~~133~~34,~~700~~172 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~KROGER~~GLOBAL ~~CO.~~MARINE Cmn ~~501044101~~379352404 ~~303~~5,~~831~~818,149 11312,~~227~~300 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~LABORATORY~~CORNING ~~CORP.~~INC ~~OF AMER.~~ Cmn ~~50540R409~~219350105 12,~~742~~696,~~400~~894 9161,~~900~~394 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~LAM~~GALYAN'S ~~RESEARCH~~TRADING 5%COMPANY, CBCmn ~~DUE~~36458R101 ~~09/ CB 512807AC2~~ 4,~~279~~080,~~905~~000 4200,~~529~~000 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~LANDS~~GMAC ~~END~~6.75% ~~INC~~DUE ~~Cmn~~1/15/2006 ~~515086106~~Corp ~~329~~Bond 370425RT9 5,~~072~~080,000 135,~~100~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~LEH~~GENERAL ~~35.000~~MAGIC ~~STRIKE~~INC ~~PUT~~Cmn ~~01/1~~370253106 ~~Opt (P) 524908100 609~~103,~~375~~000 2100,~~500~~000 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~LEHMAN~~GENERAL ~~BROTHERS~~MOTORS ~~HOLDINGS~~(HUGHES) ISE Cmn ~~524908100~~370442832 71,~~276~~686,~~247~~825 ~~107~~83,~~597~~300 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~LENNAR~~GATX ~~CORP~~CORPORATION Cmn ~~526057104~~361448103 1,~~968~~716,~~375~~280 5442,~~300~~800 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~LEVEL~~GENERAL 3MOTORS 6%Cmn CB370442105 ~~DUE 3/15/201 CB 52729NAS9 23~~6,~~145~~608,~~056~~874 46102,~~333~~702 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~LH 140~~GOTO.0COM ~~STRIKE~~INC ~~PUT~~Cmn ~~08/18/~~38348T107 ~~Opt (P) 50540R409 427~~583,500 ~~300~~30,000 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~LHSP~~FORT ~~30.0~~JAMES ~~STRIKE~~CORPORATI ~~PUT~~6.875 ~~01/19~~Corp ~~Opt~~Bond ~~(P)~~347471AR5 ~~B5628B104 4~~6,~~387~~938,~~500~~750 17,~~500~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~LHSP~~GENUINE ~~45.000~~PARTS ~~STRIKE~~CO ~~PUT~~Cmn ~~01/~~372460105 ~~Opt (P) B5628B104 18~~857,~~806,250~~777 427,~~250~~231 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~LHSP~~GAP ~~50.0~~INC ~~STRIKE~~Cmn ~~PUT~~364760108 ~~01/19 Opt (P) B5628B104 14~~18,~~775~~582,~~000~~997 3640,~~000~~793 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~LHSP~~GREENPOINT ~~55.0~~FINANCIAL ~~STRIKE~~CORP ~~PUT~~Cmn ~~01/19~~395384100 ~~Opt (P) B5628B104 5~~2,~~425~~369,~~000~~280 161,~~000~~700 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 8473,~~962~~485,~~924~~348 ------------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 33 of 64~~ FORM 13F (SEC USE ONLY) --Page --28 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------ ~~Item 7:~~ ----- ------------------ Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~LINCOLN~~GEORGIA-PACIFIC ~~NATL~~ CORP ~~IND~~ Cmn ~~534187109~~373298108 18,~~329~~070,~~481~~517 28238,~~100~~420 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~LINEAR~~GENERAL ~~TECHNOLOGY~~PUBLIC ~~CORP~~UTILITIES Cmn ~~535678106~~36225X100 1775,~~217,855~~163 2622,~~332~~053 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~LIZ~~GOODRICH ~~CLAIBORNE~~(B.F.) ~~INC~~CO. Cmn ~~539320101~~382388106 2,~~139~~437,~~525~~442 5164,~~400~~177 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~LMG/A~~GOLDEN ~~3.75%~~STATE ~~INTO~~BANCORP ~~PCS~~Cmn CB381197102 ~~530715AL5 29~~1,~~443~~700,~~116~~160 5155,~~400~~200 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~LOCKHEED~~GS ~~MARTIN~~60.0 ~~CORP~~STRIKE ~~Cmn~~PUT ~~539830109~~01/19/2 ~~498~~Opt (Put) 38141G104 404,~~556~~250 142,~~685~~100 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~LONGVIEW~~GS ~~FIBRE~~80.0 COSTRIKE ~~Cmn~~PUT ~~543213102~~01/19/2 ~~148~~Opt (Put) 38141G104 725,~~500~~000 111,000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~LOR~~GOODYEAR ~~5.0~~TIRE ~~STRIKE~~& ~~PUT~~RUBB ~~01/19/2~~8.5% ~~Opt~~Corp ~~(P)~~Bond ~~G56422107~~382550AG6 ~~500~~10,815,000 210,~~000~~500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~LORAL~~GOODYEAR 6%TIRE ~~CONV~~Cmn ~~PREF~~382550101 ~~Pfd G56462305 165~~1,~~671~~187,172 1142,~~832~~399 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~LORAL~~GATEWAY ~~SPACE~~INC &Cmn ~~COMM~~367626108 ~~6% Pfd G56462149 15~~979,~~808,755~~630 159,~~441,254~~552 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~LRCX~~GILLETTE ~~15.000~~CO ~~STRIKE~~Cmn ~~PUT~~375766102 ~~01/ Opt (P) 512807108 1~~4,~~531~~848,~~250~~346 3167,~~500~~242 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~LRCX~~GREY ~~16.625~~WOLF ~~STRIKE~~INC ~~PUT~~Cmn ~~01/~~397888108 ~~Opt (P) 512807108 393~~327,~~750~~200 181,~~500~~800 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~LRCX~~GRAINGER ~~20.0~~W ~~STRIKE~~W ~~PUT~~INC ~~01/18~~Cmn ~~Opt~~384802104 ~~(P)~~619,417 ~~512807108 621~~15,~~250~~049 ~~700~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~LRCX~~GLOBAL 20CROSSING 10.050% ~~STRIKE~~PFD ~~PUT~~Pfd ~~01/19~~37931K309 ~~Opt~~1,500,000 ~~(P) 512807108 440~~30,000 ~~550~~ X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~LSI~~GLOBAL ~~15.000~~CROSSING ~~STRIKE~~7% ~~PUT~~PERP ~~01/2~~Pfd ~~Opt~~G3921A142 ~~(P) 502161102 340~~12,~~000~~950,438 4136,~~000~~500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 5447,~~577~~339,~~708~~735 ------------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 34 of 64~~ FORM 13F (SEC USE ONLY) --Page --28 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------ ~~Item 7:~~ ----- ------------------ Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~LSI~~GX 3025.~~000~~0 STRIKE ~~CALL~~PUT 0701/19/2 Opt (~~Call~~Put) ~~502161102~~G3921A100 ~~273~~1,~~750~~645,000 1,~~500~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~LSI~~GLOBAL ~~LOGIC~~CROSSING ~~CORP.~~LTD Cmn ~~502161102~~G3921A100 32,~~284~~549,~~698~~120 ~~192~~295,~~200~~037 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~LTV~~HAEMONETICS ~~CORP.~~CORPORATION Cmn ~~501921100~~405024100 71219,~~431~~600 ~~207~~7,~~800~~200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ LUHALLIBURTON ~~30.0~~CORP ~~STRIKE~~Cmn ~~PUT~~406216101 ~~01/19/~~2 ~~Opt (P) 549463107 4~~,~~687~~422,~~500~~616 368,~~000~~051 X n/a ~~n/a~~X ~~LUCENT~~------------------------------------------------------------------------------------------------------------------------------------ ~~TECHNOLOGIES~~HARMAN ~~INC~~INTERNATIONAL INDS Cmn ~~549463107~~413086109 4822,~~854,114~~744 ~~359~~21,~~564~~600 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~LVLT~~HASBRO, 30INC.0 ~~STRIKE~~5.6% ~~PUT~~ 11/01/1820 ~~Opt~~Corp ~~(P)~~Bond ~~52729N100~~418056AJ6 ~~537~~1,~~500~~680,000 ~~500~~2,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~LVLT~~HASBRO, 45INC.~~000~~ ~~STRIKE~~8.5% ~~PUT 01~~03/15/20 ~~Opt~~Corp ~~(P)~~Bond ~~52729N100~~418056AL1 1930,~~262,500~~000 1,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~LVLT~~HASBRO ~~55.0~~94 ~~STRIKE~~Cmn ~~PUT~~418056107 ~~01/19~~1,737,656 ~~Opt (P) 52729N100 256~~120,~~250~~253 ~~100~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~LVLT~~HAYES ~~60.000~~LEMMERZ ~~STRIKE~~INTL ~~PUT~~INC. ~~01/~~Cmn ~~Opt~~420781106 ~~(P) 52729N100~~ 1,~~636~~493,~~250~~120 ~~550~~233,300 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~MAGNA~~HUNTINGTON ~~INTERNATIONAL~~BANCSHARES ~~INC -~~ Cmn ~~559222401~~446150104 ~~746~~651,~~488~~466 1739,~~800~~845 X n/a X -------------------------------------------------------------------------------------------------------------------------------- ~~MAIL~~-~~WELL~~--- ~~INC~~HILLENBRAND INDUSTRIES Cmn ~~560321200~~431573104 ~~399~~256,~~769~~995 924,~~700~~500 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~MANU~~THE ~~27.5~~HEALTHCARE ~~STRIKE~~CO ~~PUT~~7.125% ~~04/21~~D ~~Opt~~Corp ~~(P)~~Bond ~~565011103~~404119AD1 ~~232~~5,~~500~~940,000 16,~~200~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~MARINE~~HCA ~~DRILLING CO~~ INC Cmn ~~568240204~~404119109 ~~398~~4,~~575~~192,005 1492,~~900~~764 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~MASSEY~~MANOR ~~ENERGY~~CARE ~~COMPANY~~INC. Cmn ~~576206106~~564055101 3600,~~119,925~~901 ~~244~~18,~~700~~926 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 2125,~~761~~141,~~250~~222 ------------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 35 of 64~~ FORM 13F (SEC USE ONLY) --Page --28 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------ ~~Item 7:~~ ----- ------------------ Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~MASTEC,~~HARLEY-DAVIDSON INC. Cmn ~~576323109~~412822108 15,~~090~~248,~~000~~384 54111,~~500~~478 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~MATTEL~~HOME ~~INC~~DEPOT Cmn ~~577081102~~437076102 239,~~745~~310,~~477~~544 ~~190~~844,~~130~~480 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~MAXIM~~HARRAH'S ~~INTEGRATED~~ENTERTAINMENT ~~PRODUCTS~~INC Cmn ~~57772K101~~413619107 4,~~556~~167,~~340~~977 95118,~~296~~073 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~MAY~~HIBERNIA ~~DEPT~~CORP ~~STORES~~CL CO'A' Cmn ~~577778103~~428656102 2802,~~043,600~~780 6245,~~400~~100 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~MBIA~~HARTFORD ~~INC~~FINANCIAL SVCS GR Cmn ~~55262C100~~416515104 2,~~149~~615,~~625~~753 2938,~~000~~242 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~MCCORMICK~~HOUSEHOLD &INTL COINC. Cmn ~~579780206~~441815107 ~~508~~4,~~481~~906,652 1473,~~100~~563 X n/a X ---------------------------------------------------------------------------------------------------------------------------------- ~~MCGRAW~~-~~HILL,~~- HIGHWOODS PROPERTIES INC. C Cmn ~~580645109~~431284108 3343,~~159,888~~785 5312,900 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~McLeodUSA~~HILTON ~~Inc.~~HOTELS ~~6.75%~~CORP ~~PERPE~~Cmn ~~Pfd~~432848109 ~~582266201 53~~1,~~171~~800,~~392~~842 ~~137~~155,~~600~~245 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~MCN~~HEALTH ~~ENERGY~~MANAGEMNT ~~GROUP~~ASSC ~~INC~~ Cmn ~~55267J100~~421933102 4727,~~153,125~~984 ~~150~~34,~~000~~600 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~MEDIA~~HOST ~~GENERAL~~MARRIOT ~~-CL~~CORP A Cmn ~~584404107~~44107P104 ~~243~~1,~~880~~219,448 697,~~700~~400 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~MELLON~~HOMESTAKE ~~FINANCIAL~~MINING ~~CORP~~ Cmn ~~58551A108~~437614100 2324,~~274,922~~524 4641,~~250~~874 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~MER~~HON ~~40.000~~INDUSTRIES ~~STRIKE~~Cmn ~~PUT~~438092108 ~~01/1 Opt (P) 590188108 337~~271,~~500~~264 211,~~000~~200 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~MER~~HEALTH ~~45.0~~NET ~~STRIKE~~INC ~~PUT~~Cmn ~~01/19/~~42222G108 ~~Opt (P) 590188108 268~~1,~~750~~663,440 195,~~000~~600 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~MER~~HEINZ 47(H.5J.) ~~STRIKE~~CO. ~~PUT~~Cmn ~~01/19/~~423074103 ~~Opt (P) 590188108 337~~2,~~500~~261,626 155,~~000~~310 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 7765,~~040~~665,~~480~~002 ------------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 36 of 64~~ FORM 13F (SEC USE ONLY) --Page --28 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------ ~~Item 7:~~ ----- ------------------ Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~MER~~HONEYWELL ~~65.0~~INTL ~~STRIKE~~Cmn ~~PUT~~438516106 ~~04/21/ Opt (P) 590188108 682~~5,~~500~~206,302 1148,~~300~~794 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~MER~~STARWOOD ~~70.0~~HOTELS ~~STRIKE~~& ~~CALL~~RESORT ~~01/19~~Cmn ~~Opt~~85590A203 ~~(Call)~~1,173,724 ~~590188108 386~~31,~~250~~484 ~~300~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~MERCANTILE~~HERCULES ~~BANKSHARES~~INC. ~~CORP~~COMMON STOCK Cmn ~~587405101~~427056106 ~~535~~223,~~136~~853 1219,~~391~~810 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~MERCURY~~HELMERICH ~~GENERAL~~& ~~CORP~~PAYNE INC Cmn ~~589400100~~423452101 ~~285~~2,~~188~~998,786 697,~~500~~300 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~MERCURY~~BLOCK ~~INTERACTIVE~~H ~~CORP~~& 4R CBINC ~~589405AB5~~Cmn 093671105 5,~~846~~623,~~015~~854 587,~~600~~124 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~MEREDITH~~HEALTHSOUTH CORP Cmn ~~589433101~~421924101 ~~421~~3,~~656~~521,465 13220,~~100~~505 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~MERQ~~HARRIS ~~80.000~~CORP ~~STRIKE~~DEL ~~PUT~~Cmn ~~04/~~413875105 ~~Opt (P) 589405109~~ 1,~~338~~768,~~750~~650 ~~900~~65,000 X n/a ~~n/a~~X ---------------------------------------------------------------------------------------------------------------------------------- ~~METHODE ELECTRONICS~~ -CL- AHARSCO CORP Cmn ~~591520200~~415864107 7349,~~359,841~~977 ~~320~~12,~~865~~900 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~METLIFE~~HERSHEY ~~INC~~FOODS ~~8.0%~~CORP ~~EQUITY~~Cmn SE427866108 ~~CB 59156R207 853~~1,~~125~~335,281 721,~~800~~638 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~METROMEDIA~~HUBBELL ~~FIBER~~INC ~~NETWORK~~-CL 6B CBCmn ~~24366Q209~~443510201 19400,~~621,875~~200 ~~910~~13,~~000~~800 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~MEXICO~~HUMANA ~~FUND~~INCORPORATED ~~COM SHS~~ Cmn ~~592835102~~444859102 9897,~~857,719~~099 ~~665~~91,~~500~~076 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~MFNX~~HARCOURT ~~12.5~~GENERAL ~~STRIKE~~Cmn ~~PUT~~41163G101 ~~01/19 Opt (P) 591689104 721~~76,~~013~~518,453 1,~~326~~314,976 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~MFNX~~HEWLETT ~~15.0~~PACKARD ~~STRIKE~~CO ~~PUT~~Cmn ~~01/20~~428236103 ~~Opt (P) 591689104 506~~12,~~250~~758,231 1446,~~000~~092 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~MFNX~~HEXCEL 20CORP.0 ~~STRIKE~~Cmn ~~PUT~~428291108 ~~01/19~~144,075 ~~Opt (P) 591689104 230~~11,~~000~~300 ~~200~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 48112,~~645~~919,~~317~~950 ------------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 37 of 64~~ FORM 13F (SEC USE ONLY) --Page --37 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------------ ~~Item 7:~~ -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ----------------------------------------------------------------------------------------------------------------------------------- ~~MFNX~~IBM 2580.0 STRIKE PUT 01/19/ Opt (PPut) ~~591689104~~459200101 1,~~905~~000,000 15,~~200~~000 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~MGIC~~IBM ~~INV~~90.000 ~~CORP~~STRIKE ~~Cmn~~PUT ~~552848103~~01/1 Opt (Put) 459200101 1,~~591~~750,~~525~~000 235,~~600~~000 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~MGM~~IBM ~~MIRAGE~~CMN STOCK Cmn ~~552953101~~459200101 159,~~347~~413,~~363~~479 47525,~~800~~783 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~MICHAEL~~IBP ~~STORES~~15.0 ~~Cmn~~STRIKE ~~594087108~~CALL 108/18 Opt (Call) 449223106 3,~~842~~200,~~943~~000 693,~~545~~200 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~MICRON~~INSIGHT ~~TECHNOLOGY~~COMMUNICATIONS INC Cmn ~~595112103~~45768V108 91,~~039~~760,~~685~~000 ~~254~~70,~~639~~400 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~MICROSOFT~~IDACORP INC Cmn ~~594918104~~451107106 73840,~~340,098~~608 124,~~690,838~~100 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~MILLER~~IDEC ~~(HERMAN)~~PHARM. ~~INC~~0% ~~Cmn~~CB ~~600544100~~DUE ~~530~~2/16 Conv Bond 449370AC9 254,~~926~~778,250 1892,~~467~~900 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~MINNESOTA~~INTEGRATED ~~MNG~~DEVICE &TECH ~~MFG~~INC CO Cmn ~~604059105~~458118106 24,~~692~~887,~~452~~359 22154,~~344~~224 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~MOHAWK~~INTL ~~INDUSTRIES~~FLAVORS ~~INC~~& FRAGRANCES Cmn ~~608190104~~459506101 ~~243~~2,~~638~~056,413 881,~~900~~831 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~MOLEX~~IMC ~~INC~~FERTILIZER ~~Cmn~~GROUP ~~608554101~~6.5% ~~475~~Corp Bond 449669CC2 1,~~452~~935,750 132,~~393~~175 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~MOT~~IMC 31FERTILIZER GROUP 7.625 ~~STRIKE~~Corp ~~PUT~~Bond ~~01/2~~449669CG3 ~~Opt (P) 620076109 3~~1,~~468~~720,~~750~~000 32,000 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~MOT~~INTERNATIONAL ~~33.375~~GAME ~~STRIKE~~TECH ~~PUT~~Cmn ~~01/2~~459902102 ~~Opt~~727,900 ~~(P) 620076109 395~~11,~~625~~600 ~~300~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~MOT~~IDPH 3660.~~625~~0 STRIKE PUT 01/219 Opt (PPut) ~~620076109~~449370105 7231,~~993,125~~250 ~~4,900~~250 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~MOT~~IKON ~~38.375~~OFFICE ~~STRIKE~~SOLUTIONS ~~PUT~~INC ~~01/2~~Cmn ~~Opt~~451713101 ~~(P)~~2,923,340 ~~620076109 270~~298,~~938~~300 ~~150~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ~~105~~337,~~137~~224,~~518~~349 -----------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 38 of 64~~ FORM 13F (SEC USE ONLY) --Page --38 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------------ ~~Item 7:~~ -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ----------------------------------------------------------------------------------------------------------------------------------- ~~MOTOROLA~~INVERNESS MEDICAL TECH Cmn ~~620076109~~461268104 169,~~191~~930,~~131~~800 ~~799~~268,~~562~~400 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~MRV~~INTERNATIONAL ~~COMMUNICATIONS~~MULTIFOODS 5%Cmn ~~6/15~~460043102 ~~CB 553477AB6 35~~6,~~014~~743,~~578~~750 31325,~~851~~000 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~MSFT~~INTEL ~~50.0~~CMN ~~STRIKE~~STOCK ~~PUT~~Cmn ~~01/19~~458140100 ~~Opt (P) 594918104 2~~39,~~287~~275,~~500~~087 21,~~000~~342,738 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~MSFT~~INTUIT ~~57.50~~INC ~~STRIKE~~Cmn ~~PUT 01/2 Opt (P)~~ 58440J104 1,~~406~~324,~~250~~829 133,~~000~~129 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~MSFT~~INTEREPUBLIC ~~60.0~~GRP ~~STRIKE~~OF ~~PUT~~COS ~~01/19~~Cmn ~~Opt~~460690100 ~~(P) 594918104 7~~1,~~425~~744,~~000~~623 459,~~000~~442 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~MSFT~~INTERNATIONAL 62PAPER CO.50 ~~STRIKE~~CO ~~PUT~~Cmn ~~01/2~~460146103 ~~Opt (P) 594918104 5~~7,~~337~~566,~~500~~615 2211,~~800~~950 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~MSFT~~INTERNATIONAL ~~65.0~~RECTIFIER ~~STRIKE~~Cmn ~~PUT~~460254105 ~~01/19 Opt (P) 594918104 6~~433,~~787,500~~070 312,~~000~~700 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~MSFT~~IRIDIUM ~~70.0~~WORLD ~~STRIKE~~COMMUN ~~PUT~~14% ~~01/19~~0 ~~Opt~~Corp ~~(P)~~Bond ~~594918104~~46268KAK1 8200,~~100,~~000 35,000 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~MSFT~~IRIDIUM 75LLC/CAP 10.0875% ~~STRIKE~~DUE ~~PUT~~Corp ~~01/19~~Bond ~~Opt~~462691AB2 ~~(P) 594918104 6~~360,~~325,~~000 29,000 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~MSFT~~INGERSOLL ~~75.000~~RAND ~~STRIKE~~CO ~~PUT~~Cmn ~~01/~~456866102 ~~Opt (P) 594918104 4~~7,~~427~~554,~~500~~144 1183,~~400~~353 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~MSFT~~ITC ~~80.000~~DELTACOM ~~STRIKE~~INC ~~PUT~~Cmn ~~01/~~45031T104 ~~Opt (P) 594918104 3~~129,~~662,500~~200 132,~~000~~300 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~MSFT~~ITMN 9546.~~000~~0 STRIKE PUT 0107/06 Opt (PPut) ~~594918104~~45884X103 51,~~162~~712,~~500~~700 1,~~000~~650 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~MSTR~~INTERMUNE ~~12.~~INC 5.75% ~~STRIKE~~CB ~~PUT~~Conv ~~07/21~~Bond ~~Opt~~45884XAA1 ~~(P)~~7,735,000 ~~594972101 258~~7,~~500~~000 ~~440~~ X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~MSTR~~INTERMUNE ~~15.0~~INC ~~STRIKE~~CMN ~~PUT~~STOCK ~~07/21~~Cmn ~~Opt~~45884X103 ~~(P)~~915,434 ~~594972101 527~~25,~~625~~700 ~~670~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ~~102~~85,~~913~~625,~~084~~251 -----------------------------------------------------------------------------------------------------------------------------------

-------------------- FORM 13F (SEC USE ONLY) Page 39 of 6491 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------------ ~~Item 7:~~ -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ----------------------------------------------------------------------------------------------------------------------------------- ~~MSTR~~ITT ~~17.5~~INDUSTRIES ~~STRIKE~~INC ~~PUT~~Cmn ~~04/21~~450911102 ~~Opt (P) 594972101 1~~618,~~304,875~~748 113,~~430~~983 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~MSTR~~I2 ~~17.~~TECHNOLOGY 5.25% ~~STRIKE~~CB ~~PUT 07~~12/21 ~~Opt~~Conv ~~(P)~~Bond ~~594972101~~465754AF6 ~~602~~16,~~375~~376,730 ~~610~~18,578 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~MSTR~~ILLINOIS ~~20.0~~TOOL ~~STRIKE~~WKS ~~PUT~~INC ~~01/20~~Cmn ~~Opt~~452308109 ~~(P)~~3,054,225 ~~594972101 855~~48,~~938~~250 ~~825~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- MUIT 25GROUP INC.00 ~~STRIKE~~Cmn ~~PUT~~465266104 ~~01/20/ Opt (P) 595112103 200~~828,~~000~~040 4130,~~000~~400 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- MUINVITROGEN 305.0050% ~~STRIKE~~CB ~~PUT~~DUE ~~01/20/~~Conv ~~Opt~~Bond ~~(P)~~46185RAB6 ~~595112103 250~~14,~~000~~807,950 213,~~000~~333 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- MUIVAX 60CORP 5.005% ~~STRIKE~~CB ~~PUT 01~~5/2015/07 ~~Opt~~Conv ~~(P)~~Bond ~~595112103~~465823AD4 454,~~900~~175,~~000~~474 236,~~000~~925 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~MURPHY~~JABIL ~~OIL~~CIRCUIT ~~CORP~~1.75% ~~Cmn~~CB ~~626717102~~Conv ~~326~~Bond 466313AA1 76,~~363~~048,604 572,~~400~~562 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~MUTUAL~~JBL ~~RISK~~25.0 ~~MANAGEMENT~~STRIKE ~~Cmn~~PUT ~~628351108~~09/22/ ~~329~~Opt (Put) 466313103 205,~~569~~000 211,~~700~~000 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~MWD~~JABIL ~~50.0~~CIRCUIT ~~STRIKE~~INC ~~PUT~~Cmn ~~01/19/~~466313103 ~~Opt (P) 617446448 881~~935,~~250~~459 330,~~000~~313 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~MWD~~JOHNSON ~~60.0~~CTLS ~~STRIKE~~INC ~~PUT~~Cmn ~~01/19/~~478366107 ~~Opt (P) 617446448 518~~4,~~750~~007,084 155,~~000~~293 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~MYLAN~~J2 ~~LABORATORIES~~GLOBAL COMMUNICATIONS I Cmn ~~628530107~~46626E205 2,~~664~~145,~~838~~392 ~~105~~1,~~800~~033,924 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~NAT~~PENNEY (J.C.) ~~DATA~~COMPAN ~~CORP 5~~6% CB05 CBCorp ~~635621AA3~~Bond ~~1,168,761~~708160AH9 1510,~~272~~000 600 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~NATIONAL~~PENNEY ~~AUSTRALIA~~(J.C.) COMPAN 7.~~875%~~375 ~~Pfd~~Corp ~~632525309~~Bond 65708160BH8 10,~~551~~534,~~300~~550 211,~~320,400~~089 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~NATL~~PENNEY ~~EQUIP~~(J.C.) ~~SVCS~~COMPAN ~~INC~~7.65% ~~Cmn~~Corp ~~635847106~~Bond ~~404~~708160BJ4 1,~~163~~560,000 ~~208~~2,~~600~~000 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS 79185,~~958~~807,~~180~~256 -----------------------------------------------------------------------------------------------------------------------------------

-------------------- FORM 13F (SEC USE ONLY) Page 40 of 6491 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------------ ~~Item 7:~~ -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~------------------------------------------------------------------------------------------------------------------------------------~~PENNEY ~~NATURAL~~(J.C.) ~~MICROSYSTEMS~~COMPAN 57.4% CBCorp CBBond ~~638882AA8~~708160BS4 79,~~025~~555,~~750~~000 1510,~~700~~500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~NAVISTAR~~PENNEY ~~INTERNATION~~(J.C.) COMPAN 8.25% 02Corp CBBond ~~638901AP3~~708160BB1 13,~~033~~080,~~600~~000 14,~~360~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~NAVISTAR~~PENNEY ~~INTERNATIONAL~~J 93C INC Cmn ~~6.3934E+112~~708160106 1,~~301~~685,~~519~~511 4963,~~700~~942 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~NBR~~JDS ~~45.0~~UNIPHASE ~~STRIKE~~CORP ~~PUT~~Cmn ~~01/19/~~46612J101 ~~Opt~~3,028,650 ~~(P) 629568106 232~~242,~~500~~292 ~~500~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~NEON~~JACOBS ~~COMMUNICATIONS~~ENGINEERING ~~INC~~GROUP Cmn ~~640506101~~469814107 ~~434~~2,~~850~~159,113 6633,~~900~~100 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~NETA~~HARLAND 15(JOHN H.0) ~~STRIKE~~CO. ~~PUT~~Conv ~~01/18~~Bond ~~Opt~~412693103 ~~(P)~~1,377,400 ~~640938106 575~~1,~~000~~420 ~~500~~ X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~NETWORK~~JOHN ~~ASSOC.~~HANCOCK 0%FINL ~~OID~~SVCS ~~DUE~~Cmn CB41014S106 ~~640938AA4~~ 2,~~931~~282,~~715~~138 1056,~~000~~685 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~NETWORK~~JOHN ~~ASSOC.~~NUVEEN 0%CO ~~OID~~-CL ~~DUE~~A CBCmn ~~640938AB2~~478035108 21266,~~727,601~~255 744,~~223~~700 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~NEWELL~~JOHNSON ~~RUBBERMAID~~& ~~INC~~JOHNSON Cmn ~~651229106~~478160104 350,~~635~~394,~~450~~850 ~~159~~1,~~800~~007,897 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~NEXTEL~~JUNIPER ~~COMMUNICATIONS~~4.75% ~~INC~~CB ~~Cmn~~DUE ~~65332V103~~3/15/ 11Conv Bond 48203RAA2 19,~~470~~560,~~140~~346 ~~463~~27,~~440~~620 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~NFX~~JPM 635.5%0 ~~MIPS~~STRIKE ~~DUE~~PUT 801/1519/29 ~~Pfd~~Opt ~~651291205~~(Put) 446625H100 457,~~163,501~~500 593,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~NISOURCE~~JPM ~~INC~~ 45.0% ~~MANDATORY~~STRIKE CBPUT ~~65473P600~~01/19/ 20Opt (Put) 46625H100 490,~~304,059~~000 71,~~785,~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~NOK/ADR~~JP ~~30.000~~MORGAN ~~STRIKE~~CHASE ~~PUT~~& ~~Opt~~CO ~~(P)~~Cmn ~~654902204~~46625H100 ~~281~~15,~~250~~006,696 1336,~~000~~473 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~NORFOLK~~JEFFERSON ~~SOUTHN~~PILOT CORP Cmn ~~655844108~~475070108 ~~740~~4,~~601~~788,029 5599,~~632~~090 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 75114,~~857~~131,~~536~~488 ------------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 41 of 64~~ FORM 13F (SEC USE ONLY) --Page --41 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 8: Item 6: Voting ~~Authority Investment Discretion~~ Item ~~7: (Shares) Item~~ 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------ ------ -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ----------------------------------------------------------------------------------------------------------------------------------- ~~NORTEK~~JNPR ~~INC~~50.0 ~~Cmn~~STRIKE ~~656559101~~PUT 01/19 Opt (Put) 48203R104 1,~~752~~055,~~875 74,~~000 500 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~NORTHEAST~~NORDSTROM ~~UTIL.~~INC Cmn ~~664397106~~655664100 16395,~~485,150~~115 ~~679~~21,~~800~~300 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~NORTHERN~~KADANT ~~TRUST~~INC ~~Cmn~~4.5% ~~665859104~~CB 4DUE 7/1 Conv Bond 88355WAA3 1,~~279~~830,~~340~~000 522,~~467~~000 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~NOVELL~~KADANT INC ~~Cmn~~4.5% ~~670006105~~REG ~~988~~S CB D Conv Bond U8835NAA8 2,~~645~~809,050 ~~189~~3,~~441~~070 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- NTKANA ~~45.0~~SOFTWARE ~~STRIKE~~INC ~~PUT~~Cmn ~~01/19/2~~483600102 ~~Opt (P) 656568102 1~~4,~~637~~719,~~500~~254 12,~~000~~313,360 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~NVIDIA~~KB ~~CORP~~HOME ~~4.75%~~COM CBCmn ~~DUE~~48666K109 1 ~~CB 67066GAA2 16~~,~~441~~268,~~593~~528 2642,~~000~~046 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~NXTL~~KEMET ~~35.00~~CORP ~~STRIKE~~Cmn ~~PUT~~488360108 ~~01/2 Opt (P) 65332V103 1~~374,~~197,000~~409 118,~~120~~900 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~NXTL~~KEYCORP ~~37.50~~Cmn ~~STRIKE~~493267108 ~~PUT 01/2 Opt (P) 65332V103~~ 1,~~293~~884,~~750~~118 172,~~000~~327 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~NXTL~~KING ~~40.0~~PHARMACEUTICALS ~~STRIKE~~INC ~~PUT~~Cmn ~~01/19~~495582108 ~~Opt~~1,691,889 ~~(P) 65332V103 881~~31,~~250~~477 ~~500~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~NXTL~~KLA-TENCOR ~~40.00~~INSTRUMENTS ~~STRIKE~~Cmn ~~PUT~~482480100 ~~01/~~2,213,148 ~~Opt (P) 65332V103 420~~37,~~188~~851 ~~270~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~NYLIFE~~KANSAS ~~HEALTHCARE~~CITY ~~MGMT~~POWER CB& ~~302181201~~LIGHT 7Cmn 485134100 896,~~171,875~~075 7536,~~000~~500 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~OCCIDENTAL~~KMAG ~~PETROLEUM~~5.75% ~~Cmn~~REG ~~674599105~~CB DUE 1/15 Conv Bond 403917AD9 520,~~229,863~~625 502,~~716~~713 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~OKE~~KIMBERLY ~~57.000~~CLARK ~~STRIKE~~CORP ~~PUT~~Cmn ~~1/5/~~494368103 ~~Opt (P) 682680103~~ 5,~~325~~204,~~000~~011 693,~~000~~095 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~OLD~~KERR ~~KENT~~MCGEE ~~FINANCIAL~~CORP Cmn ~~316773100~~492386107 761,~~571~~190,~~250~~673 117,~~750,200~~967 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ~~135~~26,~~675~~051,~~279~~895 -----------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 42 of 64~~ FORM 13F (SEC USE ONLY) --Page --42 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 8: Item 6: Voting ~~Authority Investment Discretion~~ Item ~~7: (Shares) Item~~ 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------ ------ -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ----------------------------------------------------------------------------------------------------------------------------------- ~~OLD~~KINDER ~~REPUBLIC~~MORGAN ~~INTL~~INC. Cmn ~~680223104~~49455P101 1916,~~382,400~~359 4318,~~200~~236 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~OMNICOM~~K ~~GROUP~~MART CORP Cmn ~~681919106~~482584109 42,~~251~~399,~~488~~501 51209,~~300~~198 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~ONEOK~~COCA ~~INC~~COLA CO Cmn ~~682680103~~191216100 420,~~586~~940,~~313~~255 95465,~~300~~339 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~ONI~~KONINKLIJKE ~~SYSTEMS~~KPN ~~CORP~~NV-SP 5%ADR CBCmn ~~DUE~~780641205 ~~CB 68273FAA1 19~~103,~~092,013~~267 2818,~~250~~245 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~ONIS~~MBNA ~~55.0~~CORP ~~STRIKE~~Cmn ~~PUT~~55262L100 ~~04/21 Opt (P) 68273F103 1~~15,~~056~~889,~~250~~446 ~~500~~482,229 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~ON-LINE~~KNIGHT ~~SOFTWARE~~RIDDER ~~INTL~~INC ~~6.25~~Cmn CB499040103 ~~682180AA2~~693,751 ~~518~~11,~~760~~699 ~~524~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~ORACLE~~KROGER ~~SYS~~CO. ~~CORP~~ Cmn ~~68389X105~~501044101 73,~~740~~214,~~623~~750 ~~266~~128,~~344~~590 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~ORB~~KEYSPAN ~~10.0~~CORP ~~STRIKE~~Cmn ~~PUT~~49337W100 ~~01/19/~~964,641 ~~Opt (P) 685564106 420~~26,~~000~~443 ~~700~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~ORB~~KOHL ~~10.000~~CORPORATION ~~STRIKE~~0% ~~PUT~~CB 016/21 ~~Opt~~Conv ~~(P)~~Bond ~~685564106~~500255AJ3 ~~631~~40,~~563~~824,909 166,~~075~~560 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~ORB~~KOHLS ~~15.000~~CORP ~~STRIKE~~Cmn ~~PUT~~500255104 ~~01/1~~10,860,821 ~~Opt (P) 685564106 543~~173,~~750~~136 ~~500~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~ORBITAL~~KOREA 5%TELECOM CBADR ~~DUE 10/~~1~~/02~~:0.5 CBCmn ~~685564AC0~~50063P103 34,~~149~~396,~~633~~000 7200,~~273~~000 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~ORCL~~KELLOGG ~~25.0~~CO ~~STRIKE~~Cmn ~~PUT~~487836108 ~~01/19 Opt (P) 68389X105~~ 1,~~012~~866,~~500~~759 264,~~000~~371 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~ORCL~~LAFARGE ~~31.25~~CORP ~~STRIKE~~Cmn ~~PUT~~505862102 ~~01/1 Opt (P) 68389X105 3~~355,~~300,000~~206 410,~~000~~600 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~OUTBACK~~LATIN ~~STEAKHOUSE~~AMERICA ~~INC~~EQUITY FUND Cmn ~~689899102~~51827Q106 1,~~603~~121,~~991~~190 6184,~~990~~300 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS 49104,~~289~~546,~~283~~854 -----------------------------------------------------------------------------------------------------------------------------------

--------------------- ~~Page 43 of 64~~ FORM 13F (SEC USE ONLY) --Page --43 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 8: Item 6: Voting ~~Authority Investment Discretion~~ Item ~~7: (Shares) Item~~ 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------ ------ -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole in Instr. V Other Instr. V Sole Shared None ----------------------------------------------------------------------------------------------------------------------------------- ~~OWENS~~LATIN ~~CORNING~~AMERICAN ~~7.7%~~DISCOVERY ~~05/01/2~~Cmn CB51828C106 ~~69073FAC7 500~~1,~~000~~297,890 2125,~~500~~400 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~OWENS~~LONGS ~~CORNING~~DRUG STORES CORP Cmn ~~69073F103~~543162101 ~~162~~380,~~988~~702 ~~200~~17,~~600~~666 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~OWENS-ILLINOIS~~LEAR ~~INC~~CORP Cmn ~~690768403~~521865105 1457,~~569,750~~190 ~~276~~13,~~000~~100 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~PACKAGED~~LEE ~~ICE~~ENTERPRISES ~~INC~~ Cmn ~~695148106~~523768109 ~~344~~326,~~550~~700 ~~229~~9,~~700~~900 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~PANAMSAT~~LEGGETT ~~CORP~~& PLATT INC Cmn ~~697933109~~524660107 1686,~~475,155~~235 4231,~~527~~150 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~PARTNER~~LEHMAN ~~COMMUNICATIONS~~BROTHERS ~~13.~~HOLDINGS CBCmn ~~70211MAA7~~524908100 ~~350~~11,~~000~~396,751 ~~500~~146,582 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~PCLN~~LENNAR ~~7.5~~CORP ~~STRIKE~~Cmn ~~PUT~~526057104 ~~01/19/ Opt (P) 741503106 656~~5,~~250~~829,660 1139,~~000~~800 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~PCS~~LABORATORY 30CORP.~~000~~ ~~STRIKE~~OF ~~PUT~~AMER ~~01/2~~Cmn ~~Opt~~50540R409 ~~(P) 852061506 2~~1,~~671~~153,500 215,~~740~~000 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~PCS~~LIZ ~~35.000~~CLAIBORNE ~~STRIKE~~INC ~~PUT~~Cmn ~~01/1~~539320101 ~~Opt (P) 852061506 2~~946,~~380,000~~745 118,~~600~~766 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~PCS~~LRCX 4015.000 STRIKE PUT 01/1 Opt (PPut) ~~852061506~~512807108 4236,~~387~~250 3,500 ~~2,250~~ X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~PCS~~L-3 ~~40.000~~COMMUNICATIONS ~~STRIKE~~HLDGS ~~PUT~~I ~~01/2~~Cmn ~~Opt~~502424104 ~~(P) 852061506 1~~381,~~852,~~500 ~~950~~5,000 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~PCS~~LINEAR ~~45.000~~TECHNOLOGY ~~STRIKE~~CORP ~~PUT~~Cmn ~~01/2~~535678106 ~~Opt (P) 852061506 1~~8,~~231~~572,~~250~~180 ~~500~~193,853 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~PDLI~~ELI ~~75.0~~LILLY ~~STRIKE~~Cmn ~~PUT~~532457108 ~~02/17~~25,955,352 ~~Opt (P) 74369L103 540~~350,~~000~~748 ~~600~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~PEGASUS~~LEGG ~~COMMUNICATIONS~~MASON ~~COR~~0% ~~Cmn~~CB ~~705904100~~DUE 46/6/2 Conv Bond 524901AE5 15,~~606~~444,~~675~~429 ~~178~~33,~~900~~000 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS 2273,~~728~~065,~~118~~083 -----------------------------------------------------------------------------------------------------------------------------------

--------------------- ~~Page 44 of 64~~ FORM 13F (SEC USE ONLY) --Page --44 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 8: Item 6: Voting ~~Authority Investment Discretion~~ Item ~~7: (Shares) Item~~ 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------ ------ -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole in Instr. V Other Instr. V Sole Shared None ----------------------------------------------------------------------------------------------------------------------------------- ~~PENNACO~~LMG/A ~~ENERGY~~3.75% ~~INC~~INTO ~~CMN~~PCS ~~STO~~Conv ~~Cmn~~Bond ~~708046107~~530715AL5 53,~~887~~337,~~500~~373 ~~300~~5,~~000~~400 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~PENNEY~~LOCKHEED ~~(J.C.)~~MARTIN ~~COMPAN~~CORP 6%Cmn 05539830109 CB3,574,621 ~~708160AH9 318~~96,~~000~~481 ~~600~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~PENNEY~~LINCOLN ~~(J.C.)~~NATL ~~COMPAN~~CORP ~~7.375~~IND CBCmn ~~708160BH8~~534187109 61,~~431~~539,~~620~~925 1129,~~089~~757 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~PENNEY~~ALLIANT ~~(J.C.)~~ENERGY ~~COMPAN~~CORP ~~7.4%~~CMN CBST ~~708160BS4~~Cmn 1018802108 673,~~600,000~~365 223,~~500~~100 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~PENNEY~~LORAL ~~(J.C.)~~SPACE ~~COMPAN~~& 7.COMM 6% CBCV ~~708160BP0~~PFD 6Pfd G56462149 15,~~200~~280,~~000~~085 101,~~000~~055,619 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~PENNEY~~LOR (J5.~~C.)~~0 ~~COMPAN~~STRIKE ~~7.65%~~PUT CB01/19/2 ~~708160BJ4~~Opt ~~960~~(Put) G56462107 510,000 2,000 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~PENNEY~~LOWE'S ~~(J.C.)~~COMPANIES ~~COMPAN~~Cmn ~~8.25%~~548661107 ~~CB 708160BB1 1~~11,~~920~~267,~~000~~741 4155,~~000~~310 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~PENNEY~~LOUISIANA-PACIFIC JCORP ~~C INC~~ Cmn ~~708160106~~546347105 ~~800~~450,~~628~~866 7338,~~621~~437 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~PENNZOIL-QUAKER~~LAM ~~STATE(NEW)~~RESEARCH ~~Cmn~~5% ~~709323109~~CB ~~880~~DUE 09/ Conv Bond 512807AC2 56,~~650~~814,448 6846,~~400~~878 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~PEP~~LAM ~~45.0~~RESEARCH ~~STRIKE~~Cmn ~~CALL~~512807108 ~~04/21 Opt (Call) 713448108 5~~200,~~023,125~~553 76,~~050~~764 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~PEREGRINE~~LIBERTY ~~SYSTEMS~~PROPERTY ~~5.5%~~TRUST CBCmn CB531172104 ~~71366QAA9 2~~544,~~471,406~~640 218,~~500~~400 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~PERKINELMER,~~LATTICE ~~INC~~SEMICONDUCTOR 0%4.75 CBConv ~~DUE~~Bond CB518415AC8 ~~714046AA7 114~~17,~~374~~033,~~807~~238 ~~163~~12,~~809~~500 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~PFIZER~~LSI ~~INC~~LOGIC ~~Cmn~~4.25% ~~717081103~~DUE 53/15/2 Conv Bond 502161AD4 52,~~741~~938,~~306~~259 ~~124~~38,~~811~~961 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~PG&E~~LSI ~~CORP~~17.5 ~~Cmn~~STRIKE ~~69331C108~~PUT 101/19/ Opt (Put) 502161102 255,~~744,720~~000 871,~~236~~000 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS ~~154~~164,~~353~~420,~~763~~112 -----------------------------------------------------------------------------------------------------------------------------------

--------------------- ~~Page 45 of 64~~ FORM 13F (SEC USE ONLY) --Page --45 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------ ~~Item 7:~~ ----- -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~PGTV~~LSI ~~35.0~~LOGIC ~~STRIKE~~CORP ~~PUT~~Cmn ~~03/17~~502161102 ~~Opt (P) 705904100 556~~1,250,350 ~~500~~66,508 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~PHILLIPS~~LONE ~~PETE~~STAR COTECHNOLOGIES INC Cmn ~~718507106~~542312103 5629,~~728,166~~880 ~~100~~17,~~715~~400 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~PINNACLE~~LIMITED ~~WEST~~INC Cmn ~~723484101~~532716107 21,~~105~~118,~~025~~272 4467,~~200~~692 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~PLAYTEX~~ALTR ~~PRODUCTS~~40.0 ~~INC~~STRIKE ~~8.875~~PUT CB01/19 ~~72813PAD2~~Opt (Put) 021441100 1,~~960~~315,000 21,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~PMI~~ALTR ~~GROUP~~42.5 ~~INC~~STRIKE ~~CMN~~PUT ~~STOCK~~01/19 ~~Cmn~~Opt ~~69344M101~~(Put) 2021441100 1,~~700~~515,~~731~~000 391,~~900~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~POLYMER~~LOEWS ~~GROUP INC~~CORP. ~~COMMON~~ Cmn ~~731745105~~540424108 ~~406~~2,~~888~~343,061 7536,~~700~~366 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~POTASH~~LUCENT ~~CORP~~TECHNOLOGIES OF6.45% ~~SASKATCHEWA~~Corp ~~Cmn~~Bond ~~73755L107~~549463AE7 ~~822~~4,~~281~~640,000 108,~~500~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~PRAXAIR~~LUCENT ~~INC~~TECHNOLOGIES ~~Cmn~~7.25% ~~74005P104~~Corp 1Bond 549463AB3 5,~~193~~960,~~688~~000 268,~~900~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~PRICE~~LEUCADIA ~~COMMUNICATIONS~~NATIONAL ~~CORP~~ Cmn ~~741437305~~527288104 1220,~~079,363~~660 646,~~200~~800 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~PRICELINE.COM~~LUCENT TECHNOLOGIES INC. ~~CMN~~ Cmn ~~741503106~~549463107 ~~111~~4,~~694~~045,667 85652,~~100~~527 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~PRIDE~~SOUTHWEST ~~INTERNATIONAL~~AIRLINES 0%Cmn CB844741108 ~~CB 741932AB3 26~~2,~~488~~233,~~625~~222 59120,~~525~~780 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~PRIMUS~~LEVEL ~~TELECOMM~~THREE ~~GROU~~6% ~~11.75~~ CB ~~741929AA1~~DUE ~~560,000~~9/15 Conv Bond 52729NAG5 2,073,624 8,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~PRIMUS~~LEVEL ~~TELECOMM~~3 ~~GROU~~6% ~~9.875~~ CB ~~741929AD5~~DUE ~~375~~3/15/201 Conv Bond 52729NAS9 5,~~000~~258,154 122,~~500~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~PRIMUS~~LEXMARK ~~TELECOMM~~INTERNATIONAL ~~GROUP~~ INC Cmn ~~741929103~~529771107 1,~~556~~631,~~033~~149 ~~672~~24,~~879~~255 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 4534,~~643~~234,~~742~~040 ------------------------------------------------------------------------------------------------------------------------------------

--------------------- ~~Page 46 of 64~~ FORM 13F (SEC USE ONLY) --Page --46 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------ ~~Item 7:~~ ----- -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~PROCTER~~LA-Z-BOY &CHAIR ~~GAMBLE~~ CO Cmn ~~742718109~~505336107 5297,~~598,006~~850 7116,~~369~~100 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~PROGRESS~~MANUGISTICS ~~ENERGY~~GROUP ~~INC~~5% ~~Cmn~~CB ~~743263105~~Conv ~~727~~Bond 565011AB9 13,~~975~~885,536 1416,~~800~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~PROGRESSIVE~~MARRIOTT ~~CORP-OHIO~~INTL INC Cmn ~~743315103~~571903202 12,~~502~~119,~~563~~743 1444,~~500~~777 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~PROTEIN~~MASCO ~~DESIGN~~CORP ~~LABS~~Cmn ~~5.25%~~574599106 ~~CB 74369LAB9 27~~1,~~792~~820,~~484~~258 2072,~~925~~927 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~PROVIDIAN~~MATTEL ~~FINANCIAL~~INC ~~CORP~~Cmn 3577081102 ~~CB 74406AAA0 33~~2,~~101~~691,~~281~~824 32142,~~500~~274 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~PROVINCE~~MAY ~~HEALTHCARE~~DEPT ~~4.5%~~STORES CCO CBCmn ~~743977AA8~~577778103 1,~~153~~623,~~125~~890 147,~~000~~399 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~PSINET~~MBIA ~~11%~~INC ~~SR.~~Cmn ~~NOTES~~55262C100 ~~08/01 CB 69363VAB3~~ 1,~~120~~304,~~000~~360 423,~~000~~426 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~PTEL~~MEDIACOM ~~18.150~~COMMUNICATIONS ~~STRIKE~~Cmn ~~02/01/2~~58446K105 ~~Wt 73936C117 1~~8,~~908~~829,~~703~~347 34499,~~824~~963 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~PUBLIC~~MCDONALDS ~~SVC~~CORP ~~ENTERPRISES~~ Cmn ~~744573106~~580135101 16,~~390~~205,~~675~~913 28229,~~600~~339 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~PUGET~~WORLDCOM ~~ENERGY~~INC-MCI ~~CMN~~GROUP ~~STK~~ Cmn ~~745310102~~98157D304 ~~597~~305,~~969~~900 2119,~~500~~000 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~PULTE~~MCKESSON ~~CORPORATION~~CORP Cmn ~~745867101~~58155Q103 1,~~096~~946,~~875~~276 2652,~~000~~432 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~PVN~~McLeodUSA 32Inc.5 ~~STRIKE~~6.75% ~~PUT~~PERP ~~01/19/~~Pfd ~~Opt~~582266201 ~~(P) 74406A102 407~~1,~~813~~700,969 112,~~450~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~PVN~~METRICOM ~~35.0~~INC ~~STRIKE~~13% ~~PUT 01~~02/1915/201 ~~Opt~~Corp ~~(P)~~Bond ~~74406A102~~59159PAA7 ~~687~~440,~~500~~000 2,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~PVN~~METRICOM ~~42.5~~INC ~~STRIKE~~CMN ~~PUT~~STK ~~01/19/~~Cmn ~~Opt~~591596101 ~~(P) 74406A102 675~~86,~~000~~673 150,~~200~~100 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 7743,~~759~~258,~~968~~538 ------------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 47 of 64~~ FORM 13F (SEC USE ONLY) --Page --47 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ----------------------------- ~~Item 7:~~ -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole in Instr. V Other Instr. V Sole Shared None ------------------------------------------------------------------------------------------------------------------------------------ ~~PVN~~MOODY'S ~~45.0~~CORP ~~STRIKE~~Cmn ~~PUT~~615369105 ~~01/19/ Opt (P) 74406A102 1~~974,~~235,000~~884 129,~~900~~101 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- -~~----------------------------------------------------------------------------------------------------------------------------------~~ ~~QCOM~~MEREDITH ~~72.50~~CORP ~~STRIKE~~Cmn ~~PUT~~589433101 ~~01/2 Opt (P) 747525103 352~~1,~~500~~071,650 129,~~200~~926 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- -~~----------------------------------------------------------------------------------------------------------------------------------~~ ~~QUALCOMM~~MEDTRONIC INC Cmn ~~747525103~~585055106 ~~793~~11,~~027~~561,761 9251,~~649~~288 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- -~~----------------------------------------------------------------------------------------------------------------------------------~~ ~~QUESTAR~~MDU ~~CORP~~RESOURCES GROUP INC Cmn ~~748356102~~552690109 ~~952~~980,~~981~~840 31,~~700~~000 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- -~~----------------------------------------------------------------------------------------------------------------------------------~~ ~~QWEST~~MEAD ~~COMM TRENDS 5~~CORP.~~75%~~ DCmn CB582834107 ~~74912L105 8~~1,~~371~~943,~~983~~903 ~~122~~71,~~200~~625 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- -~~----------------------------------------------------------------------------------------------------------------------------------~~ RMEDIMMUNE ~~& B FALCON CORP~~ INC Cmn ~~74912E101~~584699102 571,~~797~~593,~~913~~850 233,~~519,800~~768 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- -~~----------------------------------------------------------------------------------------------------------------------------------~~ ~~RADIOSHACK~~MASSEY ~~CORP~~ENERGY COMPANY Cmn ~~750438103~~576206106 41,~~550~~914,~~969~~744 ~~106~~96,~~300~~900 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- -~~----------------------------------------------------------------------------------------------------------------------------------~~ ~~RALSTON~~MELLON ~~PURINA~~FINANCIAL COCORP Cmn ~~751277302~~58551A108 111,~~896~~056,~~675~~652 72240,~~600~~362 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- -~~----------------------------------------------------------------------------------------------------------------------------------~~ ~~RATIONAL~~MENTOR ~~SOFTWARE~~GRAPHICS 5%CORP CBCmn CB587200106 ~~75409PAC7 71~~2,~~443~~223,~~179~~148 55127,~~258~~037 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- -~~----------------------------------------------------------------------------------------------------------------------------------~~ ~~RATL~~MERRILL ~~25.~~LYNCH 0% ~~STRIKE~~CB ~~PUT~~DUE 015/18 ~~Opt~~Conv ~~(P)~~Bond ~~75409P202~~590188A65 ~~331~~37,~~250~~906,196 74,500 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- -~~----------------------------------------------------------------------------------------------------------------------------------~~ ~~RAYMOND~~MER ~~JAMES~~40.000 ~~FINANCIAL~~STRIKE ~~Cmn~~PUT ~~754730109~~01/1 ~~268~~Opt (Put) 590188108 506,~~538~~250 74,~~700~~050 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- -~~----------------------------------------------------------------------------------------------------------------------------------~~ ~~RAYTHEON~~MER ~~CLASS~~45.0 ASTRIKE ~~Cmn~~PUT ~~755111309~~01/19/ 9Opt (Put) 590188108 911,~~332,200~~250 ~~321~~4,~~800~~500 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- -~~----------------------------------------------------------------------------------------------------------------------------------~~ ~~RBAK~~MER ~~125~~47.05 STRIKE PUT 0401/219/ Opt (PPut) ~~757209101~~590188108 8272,~~362,~~500 1,000 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- -~~----------------------------------------------------------------------------------------------------------------------------------~~ ~~RCN~~MERCURY INTERACTIVE CORP ~~CMN~~4 ~~STOCK~~Conv ~~Cmn~~Bond ~~749361101~~589405AB5 ~~350~~71,~~975~~961,126 5582,~~600~~637 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- -~~----------------------------------------------------------------------------------------------------------------------------------~~ COLUMN TOTALS ~~166~~144,~~039~~878,~~690~~752 ------------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 48 of 64~~ FORM 13F (SEC USE ONLY) --Page --48 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ----------------------------- ~~Item 7:~~ -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole in ~~instr~~Instr. V Other Instr. V Sole Shared None ------------------------------------------------------------------------------------------------------------------------------------ ~~READERS~~MERCURY ~~DIGEST~~INTERACTIVE ~~$1.9336~~CORP ~~SER~~Cmn CB589405109 ~~755267101 1~~910,~~524,980~~181 4415,~~400~~195 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- -~~----------------------------------------------------------------------------------------------------------------------------------~~ ~~REDBACK~~MERRILL ~~NETWORKS~~LYNCH 5%& CBCO ~~4/1~~INC CBCmn ~~757209AB7~~590188108 1113,~~286~~889,~~253~~741 21234,~~136~~426 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- -~~----------------------------------------------------------------------------------------------------------------------------------~~ ~~RENT-A-CENTER~~METLIFE INC Cmn ~~76009N100~~59156R108 ~~576~~4,~~150~~291,164 16138,~~700~~514 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- -~~----------------------------------------------------------------------------------------------------------------------------------~~ ~~REPUBLIC~~METROMEDIA ~~SERVICES~~FIBER ~~Cmn~~NETWORK ~~760759100~~1 Corp Bond 591689AE4 1,~~847~~324,~~656~~050 ~~107~~3,~~500~~395 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- -~~----------------------------------------------------------------------------------------------------------------------------------~~ ~~REVLON~~METROMEDIA ~~INC~~FIBER ~~8.625%~~NETWORK ~~DUE~~- ~~2/1/~~Cmn CB591689104 ~~761519AN7 1~~595,~~080,000~~429 2291,~~000~~877 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- -~~----------------------------------------------------------------------------------------------------------------------------------~~ RFMAGNA ~~MICRO~~INTERNATIONAL ~~DEVICES~~INC ~~3.75%~~Cmn ~~REG~~559222401 ~~CB 749941AB6 6~~1,~~372~~420,~~923~~419 723,~~500~~100 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- -~~----------------------------------------------------------------------------------------------------------------------------------~~ ~~RHYTHMS~~MGM ~~NETCONNECTIONS~~MIRAGE Cmn ~~762430205~~552953101 421,~~413~~530,956 3751,~~700~~100 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- -~~----------------------------------------------------------------------------------------------------------------------------------~~ ~~RITE~~MOHAWK ~~AID~~INDUSTRIES ~~CORP~~INC ~~NEW YORK~~ Cmn ~~767754104~~608190104 ~~451~~675,~~250~~840 ~~190~~19,~~000~~200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ MCGRAW-~~----------------------------------------------------------------------------------------------------------------------------------~~HILL, ~~RITE~~INC. ~~AID~~Cmn ~~CORPORATION~~580645109 ~~6% 12 CB 767754AP9 580~~5,~~000~~869,291 288,~~000~~727 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- -~~----------------------------------------------------------------------------------------------------------------------------------~~ ~~RITE~~MICHAEL ~~AID~~STORES ~~CORPORATION~~Cmn ~~6.5%~~594087108 ~~CB 767754AM6~~ 1,~~280~~534,~~000~~712 437,~~000~~432 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- -~~----------------------------------------------------------------------------------------------------------------------------------~~ ~~ROBERT~~MILLIPORE ~~HALF~~CORP ~~INTL INC CMN S~~ Cmn ~~770323103~~601073109 1462,~~878,850~~743 707,~~900~~466 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- -~~----------------------------------------------------------------------------------------------------------------------------------~~ ~~ROSS~~MIRANT ~~STORES~~CORP ~~INC CMN STK~~ Cmn ~~778296103~~604675108 ~~473~~4,~~816~~500,793 28130,~~078~~837 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- -~~----------------------------------------------------------------------------------------------------------------------------------~~ ~~ROYAL~~MARKEL ~~DUTCH~~CORP ~~PETRO~~ Cmn ~~780257804~~570535104 11648,~~465,~~450 ~~189~~3,~~316~~300 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- -~~----------------------------------------------------------------------------------------------------------------------------------~~ ~~RPM,~~MARSH & MCLENNAN COS INC. Cmn ~~749685103~~571748102 ~~334~~7,~~794~~710,542 3976,~~100~~342 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- -~~----------------------------------------------------------------------------------------------------------------------------------~~ COLUMN TOTALS 3945,~~194~~364,~~535~~309 ------------------------------------------------------------------------------------------------------------------------------------

--------------------- ~~Page 49 of 64~~ FORM 13F (SEC USE ONLY) --Page --49 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion~~ Item ~~7: (Shares) Item~~ 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------ ----- -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ----------------------------------------------------------------------------------------------------------------------------------- -~~----------------------------------------------------------------------------------------------------------------------------------~~ ~~RSL~~MINNESOTA ~~COMMUNICATIONS~~MNG ~~PLC~~& ~~9.1~~MFG CBCO ~~74972EAC2~~Cmn ~~385~~604059105 14,~~500~~404,555 12126,~~850~~245 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~RYDER~~MUTUAL ~~SYS~~RISK ~~INC~~MANAGEMENT Cmn ~~783549108~~628351108 1315,~~449,700~~950 8735,~~200~~500 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~RYERSON~~MOLEX ~~TULL~~ INC Cmn ~~78375P107~~608554101 43,~~439~~163,~~325~~315 ~~538~~86,~~100~~595 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~RYLAND~~MOTOROLA ~~GROUP~~Cmn ~~9.75%~~620076109 ~~DUE 9/1 CB 783764AF0 1~~6,~~005~~084,~~000~~260 1367,~~000~~407 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~S&P~~PHILIP ~~500~~MORRIS ~~DEPOSITARY~~COS ~~RECEIPT~~INC Cmn ~~78462F103~~718154107 220,~~781~~593,~~175~~183 21405,~~200~~777 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~S&P MID~~-~~CAP~~ ~~400~~MERCK ~~DEPOSITORY~~& CO Cmn ~~595635103~~589331107 123,~~141~~241,~~938~~766 12363,~~100~~664 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SAFEGUARD~~USX-MARATHON ~~SCIENTIFICS~~GROUP 5%INC CCmn CB902905827 ~~786449AE8 4~~3,~~249~~759,~~556~~102 7127,~~959~~384 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~SALOMON~~MRV ~~(BROADWING~~COMMUNICATIONS ~~INC)~~5% 6./15 CBConv ~~111620100~~Bond 10553477AB6 21,~~524~~752,~~280~~064 9623,~~200~~851 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SANM~~MRV ~~30.0~~COMMUNICATIONS ~~STRIKE~~INC ~~PUT~~Cmn ~~01/19~~553477100 ~~Opt~~821,921 ~~(P) 800907107 596~~87,~~250~~906 ~~450~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~SANM~~MICROSOFT ~~35.0~~Cmn ~~STRIKE~~594918104 ~~PUT~~103,941,634 ~~01/18 Opt (P) 800907107 221~~1,~~375~~423,858 ~~110~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~SANM~~MSFT 3550.0 STRIKE PUT 01/19 Opt (PPut) ~~800907107~~594918104 4320,~~531,250~~000 2,~~500~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SANM~~MSFT 4060.0 STRIKE PUT 01/1819 Opt (PPut) ~~800907107~~594918104 ~~643~~1,~~750~~400,000 ~~250~~4,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SANMINA~~MSFT ~~CORP~~ 65.0% CBSTRIKE ~~DUE~~PUT 901/119 CBOpt ~~800907AD9~~(Put) 594918104 1,~~882~~530,~~737~~000 53,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SAP~~MSFT AG70.0 -STRIKE ~~SPONS~~PUT ~~ADR~~01/19 ~~PFD~~Opt ~~1:1~~(Put) ~~Cmn~~594918104 ~~803054204 1~~2,~~684~~055,~~375~~000 503,000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 35203,~~536~~382,~~210~~750 ------------------------------------------------------------------------------------------------------------------------------------

--------------------- ~~Page 50 of 64~~ FORM 13F (SEC USE ONLY) --Page --50 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion~~ Item ~~7: (Shares) Item~~ 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------ ----- -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ----------------------------------------------------------------------------------------------------------------------------------- -~~----------------------------------------------------------------------------------------------------------------------------------~~ ~~SCANA~~MSFT ~~CORP~~75.0 ~~CMN~~STRIKE ~~STK~~PUT ~~Cmn~~01/19 ~~80589M102~~Opt ~~620~~(Put) 594918104 1,~~813~~840,000 212,000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SCH~~MISSION ~~20.0~~RESOURCES ~~STRIKE~~CORP ~~PUT~~10. ~~01/19/~~Corp ~~Opt~~Bond ~~(P)~~605109AA5 ~~808513105 296~~3,~~875~~045,000 13,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SCH~~MICROSTRATEGY ~~30.0~~INC ~~STRIKE~~Cmn ~~PUT~~594972101 ~~01/19/ Opt (P) 808513105 756~~2,~~250~~800,000 1,000,000 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~SCHERING~~MGIC ~~PLOUGH~~INV CORP Cmn ~~806605101~~552848103 41,~~213~~230,~~517~~158 7416,~~247~~935 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SCHLUMBERGER~~MONTANA ~~LTD~~POWER CO Cmn ~~806857108~~612085100 1,~~434~~492,~~478~~920 17128,~~945~~700 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SCHWAB~~MICRON ~~CHARLES~~TECHNOLOGY ~~CORP~~INC ~~NEW~~ Cmn ~~808513105~~595112103 19,~~036~~223,~~227~~210 36224,~~519~~409 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SCI~~MWD 3550.0 STRIKE PUT 0401/2119/ Opt (PPut) ~~783890106~~617446448 ~~247~~1,~~500~~050,000 ~~200~~3,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SCI~~MWD ~~SYSTEMS~~55.0 ~~CMN~~STRIKE ~~STOCK~~PUT ~~Cmn~~01/19/ ~~783890106~~Opt ~~279,575~~(Put) 10617446448 255,~~600~~000 500 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SCIENTIFIC~~MWD ~~ATLANTA~~60.0 ~~INC~~STRIKE ~~Cmn~~PUT ~~808655104~~01/19/ 6Opt (Put) 617446448 685,~~808,819~~000 ~~209~~1,~~100~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SDL~~MORGAN ~~INC~~STANLEY ~~CMN~~DEAN ~~STOCK~~WITTER Cmn ~~78407611~~617446448 3711,~~061~~336,~~101~~210 ~~250~~176,~~096~~494 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SEALED~~MAIL-WELL ~~AIR~~INC ~~CORP~~Cmn 4%560321200 ~~CV PF D Pfd 81211K209 3~~220,~~370,663~~575 ~~104~~51,~~825~~900 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~SEARS~~MENS ~~ROEBUCK~~WEARHOUSE &INC CO Cmn ~~812387108~~587118100 3778,~~874,625~~320 ~~111~~28,~~500~~200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SEMCO~~MEXICO ~~ENERGY~~FUND ~~11%~~COM ~~MAND.~~SHS ~~CV.~~Cmn CB592835102 ~~78412D307~~ 13,~~571~~174,~~800~~524 1679,~~091,200~~800 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~SEMTECH~~MAXIM ~~4.5%~~INTEGRATED CBPRODUCTS ~~DUE~~Cmn ~~2/1/20~~57772K101 ~~CB 816850AD3 7~~8,~~713~~000,~~015~~728 10180,~~380~~971 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 8155,~~285~~131,~~257~~645 ------------------------------------------------------------------------------------------------------------------------------------

--------------------~~----~~ ~~Page 51 of 64~~ FORM 13F (SEC USE ONLY) --Page --51 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ----------------------------- ~~Item 7:~~ -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~SENSORMATIC~~MAYTAG CORPORATION Cmn ~~817265101~~578592107 ~~371~~354,~~156~~017 1812,~~500~~099 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SEPR~~MILACRON ~~55.0~~INC ~~STRIKE~~Cmn ~~PUT~~598709103 ~~01/18~~247,586 ~~Opt (P) 817315104 675~~15,~~000~~800 ~~450~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~SEPR~~NATIONAL 55AUSTRALIA 7.0875% ~~STRIKE~~Pfd ~~PUT~~632525309 ~~01/19 Opt (P) 817315104 1~~97,~~025~~654,~~000~~294 13,~~000~~118,700 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SEPR~~NAVISTAR ~~80.0~~INTL ~~STRIKE~~93 ~~PUT~~Cmn ~~01/19~~63934E108 ~~Opt~~2,348,574 ~~(P) 817315104 226~~83,~~250~~490 ~~100~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~SEPR~~NOK/ADR 8530.0000 STRIKE PUT ~~01/19~~ Opt (PPut) ~~817315104~~654902204 ~~772~~880,~~500~~000 ~~300~~1,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SEPR~~NABORS ~~90.~~INDUSTRIES 0% ~~STRIKE PUT 01~~6/1920/ ~~Opt~~Conv ~~(P)~~Bond ~~817315104~~629568AD8 127,~~443~~718,~~750~~110 ~~500~~45,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SEPRACOR~~NBR 5%45.0 ~~CONV~~STRIKE ~~BOND~~PUT ~~DUE~~01/19/ CBOpt ~~817315AL8~~(Put) 46629568106 1,~~163~~477,~~646~~500 441,~~200~~500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SEPRACOR~~NABORS ~~INC~~INDUSTRIES 7%Cmn CB629568106 ~~DUE 12/ CB 817315AH7 32~~9,~~076~~637,~~173~~553 22259,~~700~~074 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~SFD~~NATIONAL ~~42.000~~CITY ~~STRIKE~~CORP ~~PUT~~Cmn ~~01/0~~635405103 ~~Opt (P) 832248108 3~~2,~~480~~932,~~000~~626 395,~~000~~277 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~SFE~~NCR ~~22.500~~CORP ~~STRIKE~~NEW ~~PUT~~Cmn ~~02/1~~62886E108 ~~Opt~~831,195 ~~(P) 786449108 400~~17,~~000~~685 ~~250~~ X n/a ~~n/a~~X --------------------------------------------------------------------------------------------------------------------------------- ~~SHERWIN~~-~~WILLIAMS~~-- NEWMONT MINING CORP Cmn ~~824348106~~651639106 ~~823~~4,~~581~~792,950 31257,~~300~~547 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SHP~~NETWORK 45ASSOC. 0% ~~STRIKE~~OID ~~CALL~~DUE ~~04/21~~Conv ~~Opt~~Bond ~~(P)~~640938AB2 ~~82481R106~~1,091,552 ~~320~~2,~~625~~673 ~~450~~ X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SHP~~NETWORKS ~~50.0~~ASSOCIATES ~~STRIKE~~INC ~~CALL~~Cmn ~~04/21~~640938106 ~~Opt~~1,394,699 ~~(P) 82481R106 227~~112,~~813~~024 ~~450~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~SIEBEL~~NOBLE ~~SYSTEMS~~DRILLING ~~INC.~~Cmn ~~5.50%~~655042109 ~~CB 826170AC6 83~~699,~~380,789~~507 2721,~~695~~359 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~171~~152,~~386~~060,~~283~~161 ------------------------------------------------------------------------------------------------------------------------------------

---------------------- ~~Page 52 of 64~~ FORM 13F (SEC USE ONLY) --Page --52 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ----------------------------- ~~Item 7:~~ -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~SIGMA~~NEUBERGER ~~ALDRICH~~BERMAN ~~CORP~~INC Cmn ~~826552101~~641234109 13,~~662~~400,~~801~~000 4250,~~297~~000 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SILGAN~~NATIONAL ~~HOLDINGS~~FUEL GAS CO Cmn ~~827048109~~636180101 ~~494~~899,~~100~~427 5417,~~900~~300 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SINCLAIR~~NFX ~~BROADCASTING~~6.5% ~~GROUP~~MIPS ~~Cmn~~DUE ~~829226109~~8/15/29 1Pfd 651291205 3,~~060~~107,~~303~~111 ~~105~~59,~~700~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SIX~~NEWFIELD ~~FLAGS~~EXPLORATION ~~INC~~CO ~~CMN~~7. ~~STOCK~~Corp ~~Cmn~~Bond ~~83001P109~~651290AE8 74,~~486~~925,~~875~~000 ~~435~~5,~~600~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SLR~~NISOURCE ~~25.~~INC 0% ~~STRIKE~~MAND ~~PUT~~C ~~01/18/~~Bond ~~Opt~~65473P600 ~~(P) 834182107 1~~18,~~351~~996,~~500~~367 27,~~650~~884,600 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SLR~~NOVA ~~30.0~~CORP ~~STRIKE~~GA ~~PUT~~Cmn ~~01/18/~~669784100 ~~Opt (P) 834182107 906~~70,~~250~~762,500 12,250,000 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~SLR~~NISOURCE ~~35.0~~INC ~~STRIKE~~Cmn ~~PUT~~65473P105 ~~01/18/~~896,260 ~~Opt (P) 834182107 472~~32,~~500~~794 ~~500~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~SLR~~NIKE ~~35.0~~INC ~~STRIKE~~Cmn ~~PUT~~654106103 ~~01/19/ Opt (P) 834182107 2~~1,~~904~~806,~~500~~032 343,~~700~~011 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~SMITH~~NTL ~~INTERNATIONAL~~INCORPORATED Cmn ~~832110100~~629407107 35,~~668~~212,~~475~~059 49432,~~200~~536 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SMITHFIELD~~NEIMAN ~~FOODS~~MARCUS GROUPS INC Cmn ~~832248108~~640204202 5530,~~830,720~~100 ~~191~~17,~~800~~100 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SNAP~~NEIMAN ONMARCUS ~~INC~~GROUP- CL B Cmn ~~833034101~~640204301 18,~~045~~850,~~313~~000 37300,~~500~~000 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SOLECTRON~~NIAGARA 0%MOHAWK CBPWR ~~DUE~~CORP ~~11/20/~~Cmn CB653520106 ~~834182AL1 80~~523,~~776,427~~058 ~~157~~29,~~900~~568 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~SOLECTRON~~NORTHROP 0%GRUMMAN ~~OID~~CORP ~~DUE~~Cmn ~~5/8/2~~666807102 ~~CB 834182AK3 167~~3,~~752~~683,~~919~~399 ~~297~~45,~~055~~985 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~SONOCO~~NEON ~~PRODUCTS~~COMMUNICATIONS ~~Cmn~~INC ~~835495102~~12 ~~315~~Corp Bond 664334AA7 2,~~725~~065,000 147,~~600~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~275~~125,~~728~~656,~~408~~312 ------------------------------------------------------------------------------------------------------------------------------------

--------------------- ~~Page 53 of 64~~ FORM 13F (SEC USE ONLY) --Page --53 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ----------------------------- ~~Item 7:~~ -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole in Instr. V Other Instr. V Sole Shared None ------------------------------------------------------------------------------------------------------------------------------------ ~~SOURCE~~NOVELL ~~MEDIA~~INC ~~11.000~~Cmn ~~STRIKE~~670006105 ~~Wt 836153130 1~~286,~~199~~526 ~~109~~50,~~000~~356 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~SOURCE~~NORTHPOINT ~~MEDIA~~COMMUNICA ~~INC~~ 12%.87 ~~11/01~~Corp CBBond ~~836153AC0~~666610AB6 ~~751~~450,~~500~~000 515,~~010~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SOURCE~~NRG ~~MEDIA~~ENERGY INC CMN ~~STOCK~~STK Cmn ~~836153304~~629377102 55218,~~165~~592 ~~117~~9,~~685~~900 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SOVEREIGN~~NORFOLK ~~BANCORP~~SOUTHERN ~~INC~~6.75% ~~CMN~~DUE ~~Cmn~~Corp ~~845905108~~Bond ~~140~~655844AP3 1,~~205~~967,000 172,~~256~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SPECTRASITE~~NORFOLK ~~HOLDINGS~~SOUTHN ~~INC~~CORP C Cmn ~~84760T100~~655844108 18,~~465~~210,~~993~~924 ~~110~~396,~~641~~663 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SPHERION~~NATIONAL ~~CORPORATION~~SVC ~~CMN~~INDS SINC Cmn ~~848420105~~637657107 ~~234~~754,~~169~~335 2033,~~700~~422 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SPIEKER~~NATIONAL ~~PROPERTIES~~SEMICONDUCTOR ~~INC CMN~~ Cmn ~~848497103~~637640103 1801,~~538,838~~208 3027,~~700~~514 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SPX~~NATL ~~CORP~~EQUIP SVCS INC CMN ST Cmn ~~784635104~~635847106 1403,~~601,175~~700 14146,800 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ STNORTEL ~~PAUL~~NETWORKS ~~COS~~LTD ~~INC~~6.125% ~~Cmn~~Corp ~~792860108~~Bond 656569AA8 1,~~461~~760,~~006~~000 262,~~900~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~STANDARD~~NETWORK ~~PACIFIC~~APPLIANCE ~~CORP~~INC ~~9.50~~Cmn CB64120L104 ~~85375CAJ0~~856,360 ~~500~~62,~~000~~508 ~~500~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~STANLEY~~NORTEK ~~WKS~~INC Cmn ~~854616109~~656559101 ~~224~~730,~~550~~548 723,~~200~~400 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~STAPLES~~NETPLEX GROUP INC Cmn ~~855030102~~641147103 ~~775~~181,~~361~~186 651,~~639~~006,591 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~STARBUCKS~~NORTHERN TRUST Cmn ~~855244109~~665859104 32,~~040~~394,~~683~~688 6838,~~716~~315 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~STATE~~NETRATINGS ~~STREET~~INC ~~CORP~~CMN Cmn ~~857477103~~64116M108 41,~~943~~152,~~558~~000 3980,~~800~~000 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 1620,~~733~~167,~~401~~065 ------------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 54 of 64~~ FORM 13F (SEC USE ONLY) --Page --54 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ----------------------------- ~~Item 7:~~ -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole in Instr. V Other Instr. V Sole Shared None ------------------------------------------------------------------------------------------------------------------------------------ ~~STILLWATER~~NORTEL ~~MINING~~NETWORKS ~~CO.~~CORP Cmn ~~86074Q102~~656568102 ~~869~~7,~~635~~901,628 22869,~~100~~266 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~STLW~~NUCOR ~~40.0~~CORP ~~STRIKE~~Cmn ~~PUT~~670346105 ~~06/16 Opt (P) 863100103 3~~2,~~265~~088,~~625~~776 142,~~250~~724 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~STLW~~INCO 45LTD.00 ~~STRIKE~~Cmn ~~PUT~~453258402 ~~03/1~~498,797 ~~Opt (P) 863100103 2~~28,~~671,875~~899 ~~900~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~STLW~~NVIDIA 70CORP 4.075% ~~STRIKE~~CB ~~PUT~~DUE ~~03/17~~1 ~~Opt~~Conv ~~(P)~~Bond ~~863100103~~67066GAA2 1354,~~796~~988,~~875~~046 244,~~500~~113 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~STM~~NOVELLUS ~~ELECTRONICS~~SYSTEMS 0%INC CBCmn ~~DUE~~670008101 ~~CB 861012AB8 226~~1,~~742~~282,~~213~~034 ~~187~~22,~~175~~575 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~STM~~NEWELL ~~ELECTRONICS~~RUBBERMAID 0%INC CBCmn ~~DUE~~651229106 ~~CB 861012AC6 997~~2,~~500~~494,287 199,~~500~~374 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~STMICROELECTRONICS~~NEXTWAVE 0%TELECOM CBINC DCmn CB65332M103 ~~861012AA0 169~~6,~~283~~125,~~364~~000 73700,~~600~~000 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~STORAGE~~NEW ~~TECHNOLOGY~~PLAN EXCEL REALTY TRUS Cmn ~~862111200~~648053106 ~~283~~497,~~500~~250 3132,500 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~STRYKER~~NEXTEL ~~CORP~~COMMUNICATIONS ~~CMN~~9.5% ~~STK~~Corp ~~Cmn~~Bond ~~863667101~~65332VBA0 26,~~812~~240,~~804~~000 558,~~600~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SUIZA~~NEXTEL ~~FOODS~~COMMUNICATIONS ~~5.5%~~INC ~~PFD~~Cmn ~~DUE~~65332V103 ~~2 Pfd 86507G408 1~~3,~~726~~474,~~923~~993 46198,~~875~~571 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~SUMMIT~~NYFIX ~~BANCORP~~INC ~~(NEW)~~ Cmn ~~866005101~~670712108 45639,~~026,881~~000 120,~~179,100~~000 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SUN~~NYLIFE HEALTHCARE ~~GROUP~~MGMT 7%C PFBond ~~Pfd~~302181201 ~~866749203~~17,981,250 ~~- 820~~175,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SUN~~NEW ~~MICROSYSTEMS~~YORK ~~INC~~TIMES COMPANY Cmn ~~866810104~~650111107 251,~~657~~234,~~404~~170 ~~920~~29,~~445~~385 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SUNGARD~~CKFR ~~DATA~~25.0 ~~SYSTEMS~~STRIKE ~~Cmn~~PUT ~~867363103~~01/18 1Opt (Put) 162813109 528,~~960,400~~000 411,~~600~~100 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~495~~105,~~095~~973,~~000~~231 ------------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 55 of 64~~ FORM 13F (SEC USE ONLY) --Page --55 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ----------------------------- ~~Item 7:~~ -------------------- Name of Issuer Title of CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~SUNOCO~~QUAKER ~~INC~~OATS ~~Cnm~~CO ~~86764P109~~Cmn 747402105 2,~~048~~225,~~200~~496 6024,~~800~~389 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SUNW~~OFFICE ~~21.25~~DEPOT ~~STRIKE~~Cmn ~~PUT~~676220106 ~~01/2 Opt (P) 866810104 350~~490,~~000~~362 447,~~000~~241 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~SUNW~~MFNX 3512.05 STRIKE PUT 01/1918 Opt (PPut) ~~866810104~~591689104 4262,~~550,000~~500 ~~4,000~~250 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SUNW~~VRTS 3550.0 STRIKE PUT 01/2018 Opt (PPut) ~~866810104~~923436109 ~~610~~2,390,000 ~~800~~2,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SUNW~~OHIO ~~37.5~~ST ~~STRIKE~~SOLID ~~PUT~~WASTE ~~01/20~~DISP ~~Opt~~5 ~~(P)~~Corp ~~866810104~~Bond ~~987,500~~677599AD4 1,120,000 400 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SUNW~~SEBL 4035.0 STRIKE PUT 01/1918 Opt (PPut) ~~866810104~~826170102 4954,~~462,500~~000 31,~~000~~200 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SUNW~~DOX 4050.0 STRIKE PUT 01/2018/ Opt (PPut) ~~866810104~~G02602103 ~~250~~5,~~000~~067,700 ~~200~~5,420 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SUNW~~DOX 4560.0 STRIKE PUT 01/2018/ Opt (PPut) ~~866810104~~G02602103 32,~~450~~167,~~000~~500 21,~~000~~500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SUNW~~OWENS-ILLINOIS ~~50.0~~INC ~~STRIKE~~CMN ~~PUT~~STK ~~01/19~~Cmn ~~Opt~~690768403 ~~(P) 866810104 4~~1,~~650~~579,~~000~~740 2233,000 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~SUNW~~EBAY 5550.0 STRIKE PUT 0401/2118 Opt (PPut) ~~866810104~~278642103 51,~~475~~100,000 21,000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SYBASE~~ONEOK INC Cmn ~~871130100~~682680103 ~~607~~852,~~689~~813 3043,~~672~~290 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~SYMANTEC~~JBL ~~CORP~~20.0 ~~Cmn~~STRIKE ~~871503108~~PUT ~~306~~01/18/ Opt (Put) 466313103 1,~~917~~274,000 92,~~196~~800 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SYMBOL~~JBL ~~TECHNOLOGIES~~25.0 ~~Cmn~~STRIKE ~~871508107~~PUT 101/18/ Opt (Put) 466313103 660,~~017,~~000 281,~~250~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SYNOPSYS~~NVDA ~~INC~~60.0 ~~Cmn~~STRIKE ~~871607107~~PUT ~~758,336~~01/18 15Opt (Put) 67066G104 481,~~986~~000 370 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 2920,~~523~~625,~~141~~111 ------------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 56 of 64~~ FORM 13F (SEC USE ONLY) --Page --56 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ----------------------------- ~~Item 7:~~ -------------------- Name of Issuer Title of CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~SYSCO~~IRF ~~CORP~~45.0 ~~Cmn~~STRIKE ~~871829107~~PUT ~~6,040,590~~01/18/ ~~201~~Opt (Put) 460254105 513,~~353~~000 300 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~SYSTEMS~~OLIN &CORP ~~COMPUTER~~Cmn ~~TECH~~680665205 ~~5% CB 871873AB1 7,797,~~339,800 1020,~~729~~000 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~SZA~~OMNICOM ~~40.0~~GROUP ~~STRIKE~~Cmn ~~CALL~~681919106 ~~03/17~~2,530,378 ~~Opt (P) 865077101 237~~29,~~500~~423 ~~250~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~TALBOTS~~BANK ~~INC~~ONE ~~CMN~~CORP. ~~STK~~ Cmn ~~874161102~~06423A103 212,~~523~~718,~~063~~415 55355,~~300~~263 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~TARGET~~ONI SYSTEMS CORP ~~CMN~~5% ~~STK~~CB ~~Cmn~~DUE ~~8.7612E+110~~Conv ~~803~~Bond 68273FAA1 5,~~315~~237,467 246,~~909~~750 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TCF~~SANM ~~FINANCIAL~~35.0 ~~CORP~~STRIKE ~~Cmn~~PUT ~~872275102~~01/18 ~~1,827,063~~Opt 41(Put) 800907107 336,~~000~~600 220 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TECH~~SANM ~~DATA~~40.0 ~~CORP~~STRIKE ~~Cmn~~PUT ~~878237106~~01/18 ~~1,582,729~~Opt 58(Put) 800907107 957,~~518~~500 500 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TECO~~ORBITAL ~~ENERGY~~5% ~~INC~~CB ~~Cmn~~DUE ~~872375100~~10/1/02 ~~249~~Conv Bond 685564AC0 6,~~288~~252,087 79,~~700~~845 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TEKELEC~~ORB 310.~~25%~~0 ~~OID~~STRIKE ~~DUE~~PUT 1101/219/ CBOpt ~~879101AC7~~(Put) ~~98,365,951~~685564106 55437,~~356~~500 700 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TEKTRONIX~~ORB ~~INC~~15.000 ~~Cmn~~STRIKE ~~879131100~~PUT ~~2,324,438~~01/1 69Opt (Put) 685564106 560,000 500 X n/a Xn/a -------------------------------------------------------------------------------------------------------------------------------- ~~TELE~~-~~COMMUNICATIONS~~--- ~~(TCI~~ORACLE ~~Pfd~~SYS ~~872294202~~CORP 7Cmn 68389X105 27,~~223~~279,~~801~~953 621,~~000~~435,787 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~TELEPHONE~~OLD &REPUBLIC ~~DATA~~INTL Cmn ~~879433100~~680223104 1,~~215~~577,~~000~~600 1354,~~500~~400 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~TELIGENT~~ORCL 1125.5%0 ~~DUE~~STRIKE 12PUT 01/~~1/07~~19 CBOpt ~~87959YAA1~~(Put) ~~598~~68389X105 1,410,000 42,~~600~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TELIGENT~~ORCL ~~INC 11~~31.5%25 ~~DUE~~STRIKE 3PUT 01/1 CBOpt ~~87959YAD5~~(Put) ~~504~~68389X105 4,960,000 84,~~400~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~131~~65,~~292~~110,~~076~~300 ------------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 57 of 64~~ FORM 13F (SEC USE ONLY) --Page --57 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ----------------------------- ~~Item 7:~~ -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~TELLABS~~OSCA INC Cmn ~~879664100~~687836106 ~~576~~2,~~978~~210,824 10106,~~212~~700 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~TENET~~OVERSEAS ~~HEALTHCARE~~SHIPHOLDING ~~CORP~~GROUP Cmn ~~88033G100~~690368105 ~~408~~412,~~825~~290 913,~~200~~500 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~TENNECO~~DISH ~~AUTOMOTIVE~~20.0 ~~INC~~STRIKE ~~Cmn~~CALL ~~880349105~~ 01/1~~,296,000~~ ~~432~~pt (Call) 278762109 237,000 150 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TERAYON~~OWENS ~~COMMUNICATIONS~~CORNING 7.5% CB05/01/2 ~~880775AA9~~Corp 3Bond 69073FAB9 980,~~111,015~~000 133,~~030~~500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TEREX~~OWENS ~~CORP~~CORNING ~~CMN~~7.7% ~~STOCK~~05/01/2 ~~Cmn~~Corp ~~880779103~~Bond 69073FAC7 1,~~576~~960,~~663~~000 977,~~400~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TERRA~~OWENS ~~INDUSTRIES~~CORNING ~~Cmn~~7% ~~880915103~~03/15/200 ~~170~~Corp Bond 69073FAE3 1,~~750~~120,000 684,~~300~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TEXACO~~OWENS ~~INC~~CORNING ~~Cmn~~7.5% ~~881694103~~08/01/2 52Corp Bond 69073FAD5 1,~~764~~680,~~005~~000 ~~849~~6,~~320~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TEXTRON~~OWENS ~~INC~~CORNING Cmn ~~883203101~~69073F103 4242,~~119,900~~205 88120,~~600~~500 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~TGNT~~JNPR 580.0 STRIKE PUT 0501/~~19/~~18 Opt (PPut) ~~87959Y103~~48203R104 ~~584~~2,~~375 1~~505,~~700~~000 500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TGNT~~JNPR 750.50 STRIKE PUT 0501/~~19/~~18 Opt (PPut) ~~87959Y103~~48203R104 ~~984,375~~ 1,~~750~~215,000 500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~THE~~OCCIDENTAL ~~BISYS~~PETROLEUM ~~GROUP INC~~ Cmn ~~55472104~~674599105 ~~933~~6,~~038~~998,648 17263,~~900~~206 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~THERMO~~YHOO ~~CARDIOSYS 4~~20.~~75%~~0 CBSTRIKE ~~88355KAA9~~PUT 01/18 Opt (Put) 984332106 1,~~683~~250,~~793~~000 12,~~916~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~THERMO~~YHOO ~~ELECTRON 2~~30.~~875%~~0 ~~DUE~~STRIKE CBPUT ~~883901AD2~~01/18 2Opt (Put) 984332106 1,~~711~~315,~~719~~000 21,~~628~~000 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~THERMO~~YHOO ~~FIBERTEK 4~~45.5%0 CBSTRIKE CBPUT ~~88355WAA3~~01/18 Opt (Put) 984332106 1,~~719~~287,~~075~~500 ~~2,000~~500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 7223,~~640~~413,~~511~~467 ------------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 58 of 64~~ FORM 13F (SEC USE ONLY) --Page --58 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ----------------------------- ~~Item 7:~~ -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ -------------------------------------------------------------------------------------------------------------------------------- ----~~----------------------------------------------------------------------------------------------------------------------------~~ ~~THERMO~~PA ~~FIBERTEK~~ECONOMIC ~~4.5%~~DEV ~~REG~~FIN SAUTH CB6 ~~U8835NAA8~~Corp Bond 708692AD0 2,~~638~~800,~~665~~000 ~~3,070~~50 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~THOMAS~~PALM &INC ~~BETTS CORP~~ Cmn ~~884315102~~696642107 ~~773~~634,~~763~~133 47104,~~800~~470 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~TIDEWATER~~PEPSIAMERICAS IN Cmn ~~886423102~~71343P200 5341,~~120,875~~810 ~~115~~25,~~400~~700 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~TIFFANY~~PAYCHEX INC Cmn ~~886547108~~704326107 2,~~375~~367,~~038~~680 7559,~~100~~192 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~TIMKEN~~PEPSI COBOTTLING GROUP INC Cmn ~~887389104~~713409100 ~~356~~1,~~950~~060,204 2326,~~600~~439 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~TITAN~~PITNEY 5BOWES ~~3/4~~INC ~~MIPS~~Cmn ~~W/REM~~724479100 ~~Pfd 888262300 1~~2,~~533~~664,~~982~~722 5163,~~775~~265 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~TITANIUM~~PACCAR ~~METALS~~INC ~~6.625%~~Cmn ~~Pfd~~693718108 ~~887381408 1~~625,~~129,950~~576 7212,~~900~~166 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~TJX~~PG&E ~~COMPANIES~~CORP ~~Cmn~~5.875% ~~872540109~~10/01/200 ~~2,972,497~~Corp ~~107~~Bond 694308EW3 614,~~117~~900 715 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TOLL~~PG&E ~~BROTHERS~~CORP ~~Cmn~~6.25% ~~889478103~~08/01/2003 ~~886~~Corp Bond 694308EU7 2,~~988~~138,155 212,~~700~~389 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TOMMY~~PG&E ~~HILFIGER~~ CORP ~~CMN~~6.25% ST03/01/2004 ~~Cmn~~Corp ~~G8915Z102~~Bond ~~732~~694308FA0 4,~~994~~470,135 745,~~700~~051 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TORCHMARK~~PG&E CORP ~~Cmn~~7.25% ~~891027104~~08/01/2026 1Corp Bond 694308EV5 835,~~875,750~~000 481,~~800~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TOSCO~~PG&E CORP 7.875% ~~Cmn~~03/01/200 ~~891490302~~Corp 3Bond 694308EA1 1,~~773~~222,~~850~~000 ~~111~~1,~~200~~300 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TOTAL~~PG&E ~~SYSTEM~~CORP ~~SERVICES~~8.375% ~~INC~~05/01/202 ~~Cmn~~Corp ~~891906109~~Bond 2694308EF0 4,~~186~~450,~~038~~000 975,~~700~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TOWER~~PG&E ~~AUTOMOTIVE~~CORP ~~INC~~8.25% ~~Cmn~~11/01/2022 ~~891707101~~Corp ~~235,350~~Bond 26694308EG8 810,~~150~~790 911 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS 2625,~~592~~035,~~687~~104 ------------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 59 of 64~~ FORM 13F (SEC USE ONLY) --Page --59 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ----------------------------- ~~Item 7:~~ -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~TOYS~~PG&E RCORP ~~US INC~~ Cmn ~~892335100~~69331C108 1687,~~037,963~~646 6261,~~200~~397 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~TQNT~~POTLATCH ~~47.5~~CORP ~~STRIKE~~Cmn ~~PUT~~737628107 ~~02/17~~271,323 ~~Opt (P) 87959Y103 525~~7,~~000~~885 ~~600~~ X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~TRANSATLANTIC~~PRICELINE.COM ~~HOLDINGS~~ INC. Cmn ~~893521104~~741503106 ~~455~~347,~~263~~520 438,~~300~~400 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~TRANSOCEAN~~PLUM 0%CREEK CBTIMBER ~~5/24/20~~INC CB-LP ~~893830AA7~~Cmn 62729251108 3,~~113~~167,~~472~~438 ~~105~~112,~~300~~600 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~TRIAD~~PRECISION ~~HOSPS~~CASTPARTS ~~INC~~CORP Cmn ~~89579K109~~740189105 31,~~344~~766,~~169~~224 ~~102~~47,~~700~~200 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~TRIBUNE~~PCS 2%25.0 ~~EXCHG~~STRIKE ~~INTO~~CALL ~~AOL~~01/19 CBpt ~~896047305~~(Call) 31852061506 600,~~808,196~~000 ~~355~~1,~~200~~500 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TRIQUINT~~PCS ~~SEMICONDUCTOR~~35.000 ~~INC~~STRIKE ~~Cmn~~PUT ~~89674K103~~01/1 Opt (Put) 852061506 1,~~201~~880,~~406~~000 271,~~500~~600 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TRY~~PCS 0%40.000 ~~DEB~~STRIKE ~~DUE~~PUT 201/~~9/18~~1 CBOpt ~~895927AB7~~(Put) 2852061506 3,~~672~~633,~~187~~750 82,~~000~~250 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TWX~~SPRINT ~~55.0~~COPR ~~STRIKE~~(PCS ~~PUT~~GRP ~~01/19/~~Cmn ~~Opt~~852061506 ~~(P) 887315109 1~~4,~~012~~165,~~500~~972 ~~900~~172,504 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~TWX~~PRIDE ~~65.~~INTERNATIONAL 0% ~~STRIKE~~CB ~~PUT~~Conv ~~01/19/~~Bond ~~Opt~~741932AE7 ~~(P)~~49,676,414 ~~887315109 438~~82,~~750~~326 ~~250~~ X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~TYC~~PDE 4022.05 STRIKE PUT 01/19/ Opt (PPut) ~~902124106~~741932107 ~~618~~332,~~750~~500 ~~2,200~~700 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ UPRIDE ~~35.0~~INTERNATIONAL ~~STRIKE~~INC ~~CALL~~Cmn ~~03/17/2~~741932107 ~~Opt (Call) 911905107 1~~2,~~150~~175,~~938~~500 1114,~~450~~500 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ UPDE 20.S.0 ~~BANCORP~~STRIKE ~~Cmn~~PUT ~~902973304~~10/20/ ~~24,583,114~~Opt ~~842~~(Put) 741932107 227,~~248~~375 850 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~UAL~~PLACER ~~CORP.~~DOME INC Cmn ~~902549500~~725906101 2,~~196~~131,~~075~~618 56217,~~400~~512 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~133~~71,~~157~~063,~~781~~279 ------------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 60 of 64~~ FORM 13F (SEC USE ONLY) --Page --60 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ------------------------------------------------------------------------------------------------------------------------------------ Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ----------------------------- ~~Item 7:~~ -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ --------------------------------------------------------------------------------------------------------------------------------- ~~EMC CORPORATION Cmn 268648102 6,481,489 97,466 X n/a X~~ ---~~------------------------------------------------------------------------------------------------------------------------------~~ UKPROTEIN ~~30.0~~DESIGN ~~STRIKE~~LABS ~~CALL~~5.25% ~~01/20/~~Conv ~~Opt~~Bond ~~(Call)~~74369LAB9 ~~260543103 1~~47,~~203~~283,~~125~~034 ~~500~~34,521 X n/a n/a ------------------------------------------------------------------------------------------------------------------------------------ ~~UNION~~PROTEIN ~~CARBIDE~~DESIGN LABS INC Cmn ~~260543103~~74369L103 23287,~~241,619~~349 ~~431~~3,~~900~~312 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~UNION~~PHELPS ~~PLANTERS~~DODGE CORP Cmn ~~908068109~~717265102 1520,~~404,975~~452 3912,~~300~~541 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~UNISYS~~PEC ~~CMN~~SOLUTIONS ~~STOCK~~INC Cmn ~~909214108~~705107100 ~~731~~552,~~250~~500 5025,000 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~UNITED~~PUBLIC ~~RENTALS~~SVC ~~INC~~ENTERPRISES ~~CMN STO~~ Cmn ~~911363109~~744573106 ~~790~~3,~~125~~952,636 5880,~~800~~831 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~UNITED~~PEPSICO ~~TECHNOLOGIES~~INC ~~CORP~~ Cmn ~~913017109~~713448108 832,~~800~~339,~~260~~681 ~~111~~731,~~927~~667 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~UNOCAL~~PFIZER ~~CORP~~INC ~~Cmn~~5.625% ~~915289102~~DUE 42/1/ Corp Bond 717081AL7 7,~~162~~000,~~968~~000 ~~107~~7,~~605~~000 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ USPFE ~~CELLULAR~~35.0 ~~CORP~~STRIKE ~~Cmn~~PUT ~~911684108~~01/19/ 1Opt (Put) 717081103 511,~~030,275~~500 173,100 X n/a Xn/a ------------------------------------------------------------------------------------------------------------------------------------ ~~USG~~PFIZER ~~CORPORATION~~INC Cmn ~~903293405~~717081103 ~~549~~45,~~000~~463,759 241,~~400~~135,175 X n/a X --------------------------------------------------------------------------------------------------------------------------------- ~~USX~~-~~MARATHON~~-- ~~GROUP~~PEOPLES ~~INC~~ENERGY CORP Cmn ~~902905827~~711030106 5290,~~389,050~~606 ~~194~~7,~~200~~229 X n/a X ------------------------------------------------------------------------------------------------------------------------------------ ~~VALERO~~PROGRESS ~~7.75%~~ENERGY ~~MAND.~~INC ~~CVT~~Cmn ~~DUE~~743263105 ~~CB 91821D107 8~~1,~~162~~469,~~987~~737 ~~269~~32,~~100~~719 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~VERITAS~~PROGRESSIVE ~~SOFTWARE~~CORP-OHIO ~~1.856%~~Cmn CB743315103 ~~CB 92343RAA1 270~~1,~~599~~583,~~484~~751 ~~108~~11,~~398~~715 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~VERIZON~~PEGASUS ~~COMM~~COMMUNICATIONS ~~4.25%~~CORP ~~EXCH~~Cmn IN705904100 ~~CB 07785GAC4 76~~1,~~643~~714,~~940~~500 7476,~~325~~200 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ ~~VERIZON~~PROCTER ~~COMM~~& ~~4.25%~~GAMBLE ~~EXCH~~CO INCmn CB742718109 ~~92343V104 165~~19,~~418~~015,~~968~~271 ~~159~~298,~~640~~045 X n/a ~~n/a~~X ------------------------------------------------------------------------------------------------------------------------------------ COLUMN TOTALS ~~568~~161,~~128~~984,~~027~~776 ------------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 61 of 64~~ FORM 13F (SEC USE ONLY) --Page --61 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------------ ~~Item 7:~~ -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ----------------------------------------------------------------------------------------------------------------------------------- ~~VERIZON~~PHARMACIA ~~COMMUNICATIONS~~CORP Cmn ~~92343V104~~71713U102 1015,~~032~~457,~~118~~212 ~~200~~336,~~142~~392 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~VIATEL~~PULTE HOMES INC ~~11.25%~~Cmn ~~04/15/20~~745867101 ~~CB 925529AG4 630~~2,~~000~~219,659 252,~~100~~068 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~VIATEL~~PARKER ~~INC~~HANNIFIN ~~11.5%~~CORP ~~03/15/200~~Cmn CB701094104 ~~925529BN8 2~~3,~~250~~477,~~000~~788 781,~~500~~946 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~VISHAY~~POLARIS ~~INTERTECHNOLOGY~~INDS INC Cmn ~~928298108~~731068102 ~~586~~774,~~850~~020 3816,~~800~~900 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~VISTEON~~PROXYMED ~~CORP~~PHARMACY INC Cmn ~~92839U107~~744290305 777,680 1,~~381~~009,~~265~~974 ~~120,110~~ X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~VITESSE~~PERKINELMER, ~~SEMI.~~INC 40% ~~DUE~~CB ~~3/15/~~Conv CBBond ~~928497AB2~~714046AA7 1642,~~322~~819,~~145~~117 2082,~~531~~309 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~VIVENDI~~PERKINELMER ~~7.5%~~INC ~~DUE~~Cmn ~~6/21/02~~714046109 ~~CB 811850205 10~~6,~~426~~986,~~416~~618 ~~200~~253,~~200~~782 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~VLO~~SIX ~~25.0~~FLAGS ~~STRIKE~~INC ~~PUT~~Cmn ~~06/16/~~83001P109 ~~Opt~~1,415,992 ~~(P) 91913Y100 260~~67,~~000~~300 ~~200~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~VOD~~PALL 40CORP ~~STRIKE~~Cmn ~~PUT~~696429307 ~~1/20/01~~459,447 ~~Opt (P) 92857W100 243~~19,~~750~~526 ~~500~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~VOD~~PLANTRONICS 45INC ~~STRIKE~~Cmn ~~PUT~~727493108 1~~/19/02~~,358,905 ~~Opt (P) 92857W100 337~~58,~~500~~700 ~~300~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~VOD~~PROTECTIVE 45LIFE ~~STRIKE~~CORP ~~PUT~~Cmn 743674103 1~~/20/01~~,037,974 ~~Opt (P) 92857W100 450~~30,~~000~~200 ~~500~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~VOICESTREAM~~PLAINS ~~WIRELESS~~RESOURCES ~~CORP~~INC Cmn ~~928615103~~726540503 458,~~592~~400,~~483~~000 ~~453~~350,~~093~~000 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~VTSS~~PMC ~~50.0~~- ~~STRIKE~~SIERRA ~~PUT~~SEMICONDUCTOR ~~01/20~~Cmn ~~Opt~~69344F106 ~~(P) 928497106 637~~2,~~500~~953,856 295,~~000~~071 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~VTSS~~PMI ~~60.0~~GROUP ~~STRIKE~~INC ~~PUT~~Cmn ~~04/21~~69344M101 ~~Opt~~3,494,946 ~~(P) 928497106 693~~48,~~750~~100 ~~500~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS 8991,~~843~~633,~~777~~215 -----------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 62 of 64~~ FORM 13F (SEC USE ONLY) --Page --62 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------------ ~~Item 7:~~ -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ----------------------------------------------------------------------------------------------------------------------------------- ~~VTSS~~PARAMETRIC 70TECHNOLOGY ~~STRIKE~~CORP ~~PUT~~Cmn ~~04/21/2~~699173100 ~~Opt (P) 928497106 5~~1,~~125~~347,~~000~~069 296,~~500~~288 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~VYTL~~PNC ~~5.0~~FINANCIAL ~~STRIKE~~SERVICES ~~PUT~~Cmn ~~04/21/~~693475105 ~~Opt~~12,517,140 ~~(P) 925529208 253~~190,~~125~~259 ~~900~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~WACHOVIA~~PNM ~~CORP~~42.0000 ~~Cmn~~STRIKE ~~929771103~~PUT 307/ Opt (Put) 744499104 6,~~382~~497,~~875~~730 586,~~200~~570 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~WAL~~PUBLIC ~~MART~~SERVICE ~~STORES~~CO ~~INC~~OF N AMER Cmn ~~931142103~~744499104 819,~~533~~834,~~681~~590 ~~160~~617,~~634~~900 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~WALGREEN~~PENTAIR COINC Cmn ~~931422109~~709631105 ~~883~~872,~~958~~040 2125,~~141~~800 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~WALLACE~~PINNACLE ~~COMPUTER~~WEST ~~SVCS INC~~ Cmn ~~932270101~~723484101 ~~287~~1,~~300~~395,788 1629,~~900~~447 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~WASHINGTON~~PIEDMONT ~~POST~~NATURAL ~~-CL~~GAS BCO ~~CMN~~ Cmn ~~939640108~~720186105 ~~370~~266,~~125~~400 ~~600~~7,500 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~WASTE~~POTOMAC ~~MANAGEMENT~~ELECTRIC POWER Cmn ~~94106L109~~737679100 4460,~~298,864~~240 ~~154~~22,~~914~~000 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~WCG~~PARK ~~25.0~~PLACE ~~STRIKE~~ENTERTAINMENT ~~PUT~~Cmn ~~02/17/~~700690100 ~~Opt~~205,700 ~~(P) 969455104 1~~17,~~890,~~000 ~~1,400~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~WCOM~~PPG ~~32.5~~INDS ~~STRIKE~~INC ~~PUT~~Cmn ~~03/17~~693506107 ~~Opt~~1,404,145 ~~(P) 98157D106 371~~26,~~250~~710 ~~200~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~WEATHERFORD~~PPL ~~INTL~~7.75% ~~INC~~MAN 0%DUE CB5/18/04 CBC ~~947074AB6~~Bond 1169352F204 1,~~855~~943,~~209~~693 1975,~~500~~000 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~WEBS~~PPL ~~MEXICO~~CORPORATION ~~INDEX SERIES~~ Cmn ~~464286822~~69351T106 21,~~418~~268,~~881~~905 ~~181~~23,~~700~~071 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~WENDY'S~~POLAROID ~~INTERNATIONAL~~CORP ~~Cmn~~11.5% ~~950590109~~02/15/ 1Corp Bond 731095AF2 435,~~609,125~~000 611,~~300~~500 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~WESTERN~~POLAROID ~~RESOURCES~~CORP. ~~INC~~7.25% ~~CMN~~MTN ~~Cmn~~Corp ~~959425109~~Bond ~~12,331,813~~73109PAB7 ~~497~~840,000 3,500 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS 5349,~~611~~288,~~206~~439 -----------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 63 of 64~~ FORM 13F (SEC USE ONLY) --Page --63 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------------ ~~Item 7:~~ -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ----------------------------------------------------------------------------------------------------------------------------------- ~~WESTVACO~~POLAROID CORP Cmn ~~961548104~~731095105 1134,~~672,444~~160 5751,~~300~~600 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~WESTWOOD~~PEREGRINE ~~ONE~~SYSTEMS ~~Cmn~~5.5% ~~961815107~~CB ~~198~~Conv Bond 71366QAC5 36,~~919~~601,688 1026,~~300~~475 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~WILLAMETTE~~PROVINCE ~~INDS~~HEALTHCARE ~~INC~~4.5% ~~Cmn~~Conv ~~969133107~~Bond 23743977AC4 3,~~473~~306,~~444~~184 ~~500~~2,~~100~~962 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~WILLIAMS~~PRIMUS ~~COMMUNICATIONS~~TELECOMM GRGROUP ~~Cmn~~11.75 ~~969455104~~Corp 1Bond 741929AA1 210,~~539,250~~000 ~~131~~1,000 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- ~~WISCONSIN~~PRIMUS ~~ENERGY~~TELECOMM ~~CORP~~GROUP ~~CMN~~INC Cmn ~~976657106~~741929103 4165,~~422,250~~476 ~~196~~201,~~000~~800 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~WRIGLEY~~PRICE WMCOMMUNICATIONS JRCORP CO Cmn ~~982526105~~741437305 27,~~012~~555,~~063~~098 21374,~~000~~200 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~XEROX~~PEOPLESOFT ~~0.57%~~INC CBCmn ~~DUE~~712713106 4~~/21/18 CB 984121BB8 2~~,~~235~~208,~~000~~082 1485,~~900~~478 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~XEROX~~PACTIV ~~CAP~~CORP ~~EUROPE~~Cmn ~~PLC~~695257105 ~~5.75% CB 98411MAB4 3~~390,~~300,000~~396 529,~~000~~134 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~XEROX~~PHILLIPS ~~CAP~~PETE ~~EUROPE~~CO ~~PLC~~Cmn ~~5.875~~718507106 ~~CB 98411MAA6 570~~17,~~000~~242,215 1302,~~000~~495 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~XEROX~~PROVIDIAN FINANCIAL CORP ~~6.25%~~3 ~~DUE~~Conv ~~11/15~~Bond CB74406AAA0 ~~98412JBM5 2~~21,~~622~~787,~~000~~482 420,~~600~~500 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~XEROX~~PVN ~~CORP 7~~35.~~20%~~0 ~~DUE~~STRIKE 4PUT 01/119/2 CBOpt ~~98412JBA1~~(Put) 774406A102 225,~~579,440~~000 172,~~226~~000 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~XEROX~~PVN ~~CORP 7~~40.~~38%~~0 ~~DUE~~STRIKE 8PUT 01/1619/ CBOpt ~~98412JAY0~~(Put) 1374406A102 355,~~250,~~000 252,000 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~XEROX~~PVN ~~CORPORATION 5~~45.5%0 11STRIKE PUT 01/19/ CBOpT ~~984121AW3~~(Put) 374406A102 494,~~163,500~~000 51,~~550~~900 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- XLPVN ~~CAPITAL~~42.5 ~~LTD~~STRIKE ~~-CL~~PUT A01/19/ ~~Cmn~~OPT ~~G98255105~~(Put) ~~891~~74406A102 258,~~225~~000 101,200 X n/a Xn/a ----------------------------------------------------------------------------------------------------------------------------------- COLUMN TOTALS 6692,~~929~~932,~~534~~780 -----------------------------------------------------------------------------------------------------------------------------------

-------------------- ~~Page 64 of 64~~ FORM 13F (SEC USE ONLY) --Page --64 of 91 Name of Reporting Manager Citadel Limited Partnership -- -- --------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 8: Item 6: Voting ~~Authority Investment Discretion (Shares)~~ Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares) ------------------------------ ~~Item 7:~~ -------------------- Name of Issuer Title of ~~Class~~ CUSIP Fair Shares of (b) Shared ~~(c)~~ Managers Class Number Market Principal (a) As Defined (c) Shared- See (a) (b) (c) Value Amount Sole ~~Defined~~in Instr. V Other Instr. V Sole Shared None ~~in Instr. V~~ ----------------------------------------------------------------------------------------------------------------------------------- ~~XLNX~~PROVIDIAN 40FINANCIAL CORP.0 ~~STRIKE~~Cmn ~~PUT~~74406A102 ~~01/19 Opt (P) 983919101 2~~3,~~187.500~~114,275 252,~~500~~606 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~XLNX~~POWER-ONE ~~45.0~~INC ~~STRIKE~~Cmn ~~PUT~~739308104 ~~01/19~~241,530 ~~Opt (P) 983919101 568~~14,~~750~~515 ~~500~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~XRX~~PWR 1030.0 STRIKE PUT 0111/1917/ Opt (PPut) ~~984121103~~74762E102 ~~293~~1,~~750~~530,000 ~~500~~1,800 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~YAHOO!~~PRAXAIR INC Cmn ~~984332106~~74005P104 101,~~887~~195,~~796~~116 ~~362~~25,~~172~~428 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~YHOO~~PLAYTEX ~~100.0~~PRODUCTS ~~STRIKE~~INC ~~PUT~~8.875 ~~01/1~~Corp ~~Opt~~Bond ~~(P)~~72813P100 ~~984332106 9~~1,~~800~~960,000 12,~~400~~000 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~YHOO~~PITTSTON ~~45.0~~BRINK'S ~~STRIKE~~GROUP ~~PUT~~Cmn ~~01/18~~725701106 ~~Opt~~563,937 ~~(P) 984332106 1~~25,~~056,250~~300 ~~500~~ X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~YHOO~~PENNZOIL-QUAKER 55STATE 6.075 ~~STRIKE~~Corp ~~PUT~~Bond ~~01/19~~709323AA7 ~~Opt (P) 984332106 4~~3,~~143~~892,~~750~~500 14,500 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~YHOO~~PENNZOIL-QUAKER ~~75.0 STRIKE PUT 01/19 Opt~~ STATE(PNEW) ~~984332106~~Cmn 4709323109 621,~~575,000~~600 155,~~000~~500 X n/a ~~n/a~~X ----------------------------------------------------------------------------------------------------------------------------------- ~~YHOO~~QWEST ~~90.0~~COMM ~~STRIKE~~TRENDS ~~PUT~~5.75% ~~01/19~~D ~~Opt~~C ~~(P)~~Bond ~~984332106~~74912L105 65,~~012~~627,~~500~~980 1100,000 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~ZEBRA~~QUALCOMM ~~TECHNOLOGIES~~INC ~~CP -CL~~ Cmn ~~989207105~~747525103 ~~448~~8,~~480~~151,761 10139,~~993~~394 X n/a X ----------------------------------------------------------------------------------------------------------------------------------- ~~ZIONS~~MFNX ~~BANCORPORATION~~12.5 ~~Cmn~~STRIKE ~~989701107~~PUT ~~974,025~~01/19 15Opt (Put) 591689104 300,~~600~~300 286 X n/a Xn/a ---------------------------------------------------------------------------------------------------------------------------------- -~~---------------------------------------------------------------------------------------------------------------------------------~~ CMGI 5.0 STRIKE PUT 01/19/ Opt (Put) 125750109 1,075,620 4,137 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- CMGI 10.0 STRIKE PUT 01/19 OpT (Put) 125750109 1,486,250 2,050 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~COLUMN~~CMGI ~~TOTALS~~15.0 40STRIKE PUT 01/19 Opt (Put) 125750109 5,~~947~~003,~~801~~350 4,135 X n/a n/a ----------------------------------------------------------------------------------------------------------------------------------- ~~LONG~~COLUMN ~~MARKET~~TOTALS ~~VALUE 7~~34,~~071~~764,~~969,665~~219 -----------------------------------------------------------------------------------------------------------------------------------

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