Fahnestock Proprietary Trading Offerings Sheet

Mark Wetzler or Michael J. McIntyre (212) 668-8155 or 1-800-932-4633

Issue Name Type Coupon Maturity Cusip # Moody

Aes Corporation Sr Notes 8.53 12/31/08 00130HAP0 B3

Amerco Sr Notes 7.8500% 05/15/03 023586AA8 Caa2
Amerco Sr Notes 8.8000% 02/04/05 023586AF7 Caa2
AT&T Corporation Sr Notes 6.5000% 03/15/29 001957AW9 Baa2
AT&T Corporation Nts 8.0000% 05/15/25 00206QAN4 Baa2
AT&T Corporation Nts 8.6000% 05/15/25 00206QAS3 Baa2
AT&T Corporation Debentures 8.1250% 01/15/22 001957AJ8 Baa2
AT&T Corporation Debentures 8.1250% 07/15/24 001957AK5 Baa2
AT&T Corporation Sr Notes 8.3500% 01/15/25 001957AQ2 Baa2
AT&T Corporation Debentures 8.6250% 12/31/31 001957AL3 Baa2
Borden Chemical & Plastics Sr Notes 9.5000% 05/01/05 099542AA0 Ca
Calpine Corp Sr Notes 8.2500% 08/15/05 131347AU0 B1
Calpine Corp Sr Notes 8.7500% 07/15/07 131347AF3 B1
Cincinnati Bell Nts 6.3000% 12/01/28 171870AD9 Ba2
Cincinnati Bell Nts 7.2500% 06/15/23 171870AK4 Ba2
CMS Energy Corp Nts 8.0000% 08/15/11 12589SDK5 B3
CMS Energy Corp Nts 8.0000% 09/15/13 12589SDU3 B3
CMS Energy Corp Nts 8.0000% 09/15/13 12589SDY5 B3
CMS Energy Corp Nts 8.0000% 09/15/13 12589SEC2 B3
Coca Cola Femsa Sr Notes 8.9500% 11/01/06 191241AB4 Baa3
Comcast Cable Communication Sr Sub Nts 8.2500% 02/15/08 526055AK4 Ba1
Enron Corporation Nts 6.7500% 08/01/09 293561BA3 Ca
Enron Corporation Nts 7.8750% 06/15/03 293561CB0 Ca
Enron Corporation Debentures 9.8750% 06/15/03 293561AF3 Ca
Exodus Communications Sr Notes 10.7500% 12/15/09 302088AH2 Ca
Exodus Communications Sr Notes 11.6250% 07/15/10 302088AL3 Ca
Finova Group Inc. Sr Notes 7.5000% 11/15/09 317928AA7 NA
Georgia Pacific Corp. Nts 8.1250% 05/15/11 373298BV9 Ba3
Georgia Pacific Corp. Debentures 8.1250% 06/15/23 373298BK3 Ba3
Georgia Pacific Corp. Debentures 8.2500% 03/01/23 373298BJ6 Ba3
Georgia Pacific Corp. Debentures 8.6250% 04/30/25 373298BL1 Ba3
Georgia Pacific Corp. Debentures 9.1250% 07/01/22 373298BH0 Ba3
Georgia Pacific Corp. Debentures 9.6250% 03/15/22 373298BH0 Ba3
Georgia Pacific Corp. Debentures 9.8750% 11/01/21 373298BF4 Ba3
Goodyear Tire & Rubber Nts 7.8570% 08/15/11 382550AH4 Baa3
Goodyear Tire & Rubber Nts 8.5000% 03/15/07 382550AG6 Baa3
Healthsouth Corporation Sr Notes 6.8750% 06/15/05 421924AJ0 Caa1
Healthsouth Corporation Sr Notes 7.0000% 06/15/08 421924AM3 Caa1
Healthsouth Corporation Sr Notes 7.3750% 10/01/06 421924AU5 Caa1
Healthsouth Corporation Sr Notes 7.6250% 06/01/12 421924AZ4 Caa1
Healthsouth Corporation Sr Notes 8.3750% 10/01/11 421924AX9 Caa1
Healthsouth Corporation Sr Notes 8.5000% 02/01/08 421924AR2 Caa1
K Mart Corporation Debentures 7.7500% 10/01/12 482584AP4 Ca
K Mart Corporation Debentures 7.9500% 02/01/23 482584AQ2 Ca
K Mart Corporation Nts 8.1250% 12/01/06 482584AL3 Ca
K Mart Corporation Debentures 8.2500% 01/01/22 482584AM1 Ca
K Mart Corporation Debentures 8.3750% 07/01/22 482584AN9 Ca
K Mart Corporation Sec Nts 8.5400% 01/02/15 482584AH2 Caa2
K Mart Corporation Nts 8.9600% 12/10/19 482584BC3 Ca
K Mart Corporation Pass Thru Cert 8.9900% 07/05/10 48258VAF6 Caa2
K Mart Corporation Pass Thru Cert 9.4400% 07/01/18 48258WAG2 Caa2
K Mart Corporation Pass Thru Cert 9.7800% 01/05/20 48258VAG4 Caa2
K Mart Corporation Debentures 12.5000% 03/01/05 482584AG4 Ca
K Mart Funding Corp. Sec Nts 8.8000% 07/01/10 48258WAF4 Caa2
K Mart Funding Corp. Pass Thru Cert 9.3500% 01/02/20 48258VAJ8 Caa2
Level 3 Communications Sr Notes 9.1250% 05/01/08 52729NAC4 Caa3
Level 3 Communications Sr Disc Notes 10.5000% 12/01/08 52729NAE0 Caa3
Level 3 Communications Sr Notes 11.0000% 03/15/08 52729NAK6 Caa3
Level 3 Communications Sr Notes 11.2500% 03/15/10 52729NAN0 Caa3
Level 3 Communications Sr Disc Nts 12.8750% 03/15/10 52729NAR1 Caa3
Lucent Technologies Nts 5.5000% 11/15/08 549463AD9 Caa1
Lucent Technologies Debentures 6.5000% 01/15/28 549463AC1 Caa1
Lucent Technologies Debentures 6.4500% 03/15/29 549463AE7 Caa1
Lucent Technologies Nts 7.2500% 07/15/06 549463AB3 Caa1
Lucent Technologies Nts 7.7000% 05/19/10 54946EAD5 Caa1
Mountain States Tel & Teleg Co. Debentures 5.5000% 06/01/05 624284AH8 Baa2
Mountain States Tel & Teleg Co. Debentures 7.3750% 05/01/30 624284BD6 Baa2
Northwestern Bell Telephone Debentures 6.2500% 01/01/07 668027AG0 Baa2
Ogden Corporation Convertible 5.7500% 10/20/02 676346AD1 Ba2
Ogden Corporation Convertible 6.0000% 06/01/02 676346AC3 Ba2
Owens Corning Sr Notes 7.0000% 03/15/09 69073FAE3 Ca
Owens Corning Sr Notes 7.5000% 05/01/05 69073FAB9 Ca
Owens Corning Sr Notes 7.5000% 08/01/18 69073FAD5 Ca
Owens Corning Sr Notes 7.7000% 05/08/08 69073FAC7 Ca
Pacific Gas & Electric 1st Mtg Nts 5.8750% 10/01/05 694308EW3 B3
Pacific Gas & Electric 1st Mtg Nts 6.2500% 08/01/03 694308EU7 B3
Pacific Gas & Electric 1st Mtg Nts 6.2500% 03/01/04 694308FA0 B3
Pacific Gas & Electric 1st Mtg Nts 6.7500% 10/01/23 694308EY9 B3
Pacific Gas & Electric 1st Mtg Nts 7.0500% 03/01/24 694308FB8 B3
Pacific Gas & Electric 1st Mtg Nts 7.2500% 03/01/26 694308EM5 B3
Pacific Gas & Electric 1st Mtg Nts 7.2500% 03/01/26 694308ET0 Aaa
Pacific Gas & Electric 1st Mtg Nts 7.2500% 08/01/26 694308EV5 B3
Pacific Gas & Electric 1st Mtg Nts 8.2500% 11/01/22 694308EG8 B3
Pacific Gas & Electric 1st Mtg Nts 8.3750% 05/01/25 694308EF0 B3
PSEG Energy Holdings Sr Notes 8.6250% 02/15/08 69361LAF8 Baa3
PSEG Energy Holdings Sr Notes 9.1250% 02/10/04 69361LAD3 Baa3
PSEG Energy Holdings Sr Notes 10.0000% 10/01/09 69361LAC5 Baa3
Qwest Capital Funding Corp. Co. Guarnt 6.2500% 07/15/05 912912AN2 Ba2
Qwest Capital Funding Corp. Co. Guarnt 6.8750% 07/15/28 912912AQ5 Ba2
Qwest Capital Funding Corp. Co. Guarnt 7.6250% 08/03/21 74913EAQ3 Ba2
Qwest Corporation Nts 6.1250% 11/15/05 912920AE5 Ba3
Qwest Corporation Nts 6.6250% 09/15/05 912920AF2 Ba3
Qwest Corporation Debentures 6.8750% 09/15/33 912920AC9 Ba3
Qwest Corporation Nts 7.2000% 11/01/04 912920AU9 Ba3
Qwest Corporation Nts 7.2000% 11/10/26 912920AL9 Ba3
Qwest Corporation Debentures 7.2500% 10/15/35 912920AM7 Ba3
Qwest Corporation Debentures 7.5000% 06/15/23 912920AB1 Ba3
Republic of Argentina Sovereign 9.7500% 09/19/27 040114AV2 B2
Republic of Argentina Sovereign 11.3750% 03/15/10 040114FC9 B2
Republic of Argentina Sovereign 11.7500% 06/15/15 040114GA2 B2
Republic of Argentina Sovereign 12.3750% 02/21/12 040114GD6 B2
Republic of Brazil Sovereign 10.1250% 05/15/27 105756AE0 B1
Republic of Brazil Sovereign 11.0000% 08/17/40 105756AP5 B1
Republic of Brazil Sovereign 11.2500% 07/26/07 105756AM2 B1
Republic of Brazil Sovereign 14.5000% 10/15/09 105756AJ9 B1
Southern Calif Edison Sr Notes 6.3750% 01/15/06 842400DX8 Ba3
Southern Calif Edison Sr Notes 6.6500% 04/01/29 842400EB5 Ba3
Southern Calif Edison 1st Mtg Nts 6.9000% 10/01/18 842400DJ9 Ba2
Southern Calif Edison 1st Mtg Nts 7.1250% 07/15/25 842400DG5 Ba2
Southern Calif Edison 1st Mtg Nts 7.2500% 03/01/26 842400DC4 Ba2
Southern Calif Edison Sr Notes 7.6250% 01/15/10 842400EE9 Ba3
Sprint Capital Corp. Co. Guarnt 6.8750% 11/15/28 852060AD4 Baa3
Telefonica De Argentina Sr Notes 11.8750% 11/01/04 879378AC1 B2
Tennessee Gas Pipeline Co. Debentures 6.0000% 12/15/11 880451AJ8 Baa2
Tennessee Gas Pipeline Co. Debentures 7.0000% 10/15/28 880451AV1 Baa2
Time Warner Inc. Debentures 9.1250% 01/15/13 887315AK5 Baa1
Time Warner Inc. Debentures 9.1500% 02/01/23 887315AM1 Baa1
West Penn Power Co Nts 6.3750% 06/01/04 95527PAC2 Baa1
West Penn Power Co Nts 6.6250% 04/15/12 955278BF2 Baa1
Williams Cos Inc. Nts 6.5000% 12/01/08 968905AD1 Caa1
Williams Cos Inc. Nts 7.1250% 09/01/11 969457BF6 Caa1
Williams Cos Inc. Nts 7.5000% 01/15/31 969457BB5 Caa1
Williams Cos Inc. Nts 7.7500% 06/15/31 969457BD1 Caa1
Williams Cos Inc. Nts 7.8750% 09/01/21 969457BG4 Caa1
Worldcom Inc. Sr Notes 6.4000% 08/15/05 98155KAH5 Ca
Worldcom Inc. Nts 6.5000% 05/15/04 98157DAH9 Ca
Worldcom Inc. Sr Notes 7.5000% 05/15/11 98157DAJ5 Ca
Worldcom Inc. Sr Notes 7.8750% 05/15/03 98157DAB2 Ca
Worldcom Inc. Sr Notes 8.2500% 05/15/31 98157DAK2 Ca
S&P Delivery Quanity Ask Price

B- DTC 145.4 93.000

CC DTC 105 100.000
CC DTC 100 90.000
BBB+ DTC 100 92.000
BBB+ DTC 66 103.000
BBB+ DTC 8 104.000
BBB+ DTC 100 103.500
BBB+ DTC 100 103.500
BBB+ DTC 100 104.000
BBB+ DTC 100 104.000
NR DTC 100 1.500
B+ DTC 250 87.000
B+ DTC 250 77.000
B- DTC 250 84.000
B- DTC 250
B+ DTC 169 89.000
B+ DTC 38 92.000
B+ DTC 74 92.000
B+ DTC 164 91.000
BBB- DTC 100 118.000
BBB DTC 355 104.750
D DTC 100 19.000
D DTC 100 19.000
D DTC 100 19.000
NR DTC 100 8.000
NR DTC 100 8.000
NA DTC 250 43.000
BB+ DTC 100 102.000
BB+ DTC 100 88.000
BB+ DTC 100 88.000
BB+ DTC 100 88.000
BB+ DTC 100 94.000
BB+ DTC 100 96.000
BB+ DTC 500 98.000
BB+ DTC 200 77.000
BB+ DTC 100 89.000
CCC- DTC 100 73.000
CCC- DTC 100 69.000
CCC- DTC 100 73.000
CCC- DTC 100 69.000
CCC- DTC 100 69.000
CCC- DTC 100 69.000
D DTC 100 18.000
D DTC 100 18.000
D DTC 100 18.000
D DTC 100 18.000
D DTC 100 18.000
CCC- DTC 100 70.000
D DTC 100 18.000
CCC- DTC 100 80.000
D DTC 100 65.000
CCC- DTC 100 65.000
D DTC 100 21.000
D DTC 100 70.000
CCC- DTC 100 70.000
CC DTC 100 84.000
CC DTC 100 80.000
CC DTC 100 91.000
CC DTC 100 89.000
CC DTC 250 64.500
CCC+ DTC 100 87.000
CCC+ DTC 100 76.000
CCC+ DTC 100 76.000
CCC+ DTC 100 98.000
CCC+ DTC 75 87.000
BBB DTC 100 98.000
BBB DTC 100 88.000
BBB DTC 100 96.500
BBB- DTC 100 12.000
BBB- DTC 100 12.000
D DTC 100 28.000
D DTC 100 28.000
D DTC 100 28.000
D DTC 100 28.000
CCC DTC 100 102.000
CCC DTC 25 100.125
CCC DTC 20 100.750
CCC DTC 100 100.500
CCC DTC 100 101.000
CCC DTC 100 102.000
AAA DTC 12 102.500
CCC DTC 125 102.000
CCC DTC 100 103.000
CCC DTC 100 103.000
BBB- DTC 100 110.000
BBB- DTC 100 108.000
BBB- DTC 100 115.000
BB DTC 100 93.000
BB DTC 100 80.000
BB DTC 100 78.000
B- DTC 100 100.000
B- DTC 100 102.000
B- DTC 100 88.000
B- DTC 100 102.000
B- DTC 100 90.000
B- DTC 100 90.000
B- DTC 100 92.000
B+ DTC 200 34.000
B+ DTC 200 34.000
 B+ DTC 200 34.000
B+ DTC 200 34.000
BB- DTC 200 86.500
BB- DTC 200 92.000
BB- DTC 200 102.500
BB- DTC 200 116.000
B+ DTC 100 102.000
B+ DTC 30 90.000
CC DTC 100 100.000
CC DTC 48 101.500
CC DTC 5 102.000
B+ DTC 100 103.500
BBB- DTC 100 95.000
BB+ DTC 44 94.000
BBB+ DTC 400 92.000
BBB+ DTC 50 85.000
BBB+ DTC 100 124.000
BBB+ DTC 100 122.000
BB DTC 500 102.500
BB DTC 100 104.000
B DTC 100 97.000
B DTC 100 96.500
B DTC 100 92.000
B DTC 100 92.000
B DTC 100 95.000
D DTC 100 30.000
D DTC 100 30.000
D DTC 100 30.000
D DTC 100 30.000
D DTC 100 30.000