13F-HR 1 y05784e13fvhr.txt U.S. TRUST CORP. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended December 31, 2004 Check here if Amendment [ ]; Amendment Number: ---- This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries Institutional Investment Manager Filing this Report: Name: U.S. Trust Corporation* ------------------------------------------------------------------------- Address: 114 West 47th Street ----------------------------------------------------------------------- New York, NY 10036-1532 ----------------------------------------------------------------------- ----------------------------------------------------------------------- *U.S. Trust Corporation ("UST"), a Bank Holding Company, is a wholly-owned direct subsidiary of The Charles Schwab Corporation ("Schwab"), which is a publicly-traded company. Charles Schwab Investment Management, Inc. ("CSIM"), which is a wholly-owned direct subsidiary of Schwab, files separate Forms 13F. Neither UST nor CSIM shares any power with respect to the voting or disposition of securities reflected on the other's Forms 13F. United States Trust Company of New York, which is a New York State-Chartered Bank, is a wholly-owned direct subsidiary of UST. U.S. Trust Company, N.A., which is a National Bank with headquarters in Connecticut, is a wholly-owned direct subsidiary of UST. Form 13F File Number: 28- 06577 The Institutional Investment Manager filing this report and the person by whom it is signed 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: Michael J. Murphy Title: Authorized Agent/Senior Vice President Phone: (212) 852-1713 Page 1 Signature, Place, and Date of Signing: /s/ Michael J. Murphy New York, NY 2/14/04 ------------------------------- --------------- ------------ [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check if no holdings reported are in this report, and all holdings are reported in this report and a portion are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check 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).) List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.] Form 13F File Number Name 28- --------------------------- ----------------------------- [Repeat as necessary.] FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 2 ---------- Form 13F Information Table Entry Total: 4,210 ---------- Form 13F Information Table Value Total: 60,448,552 ---------- (thousands)
List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
No. Form 13F File Number Name --- -------------------- ---------------------------------------- 01 28 - 380 United States Trust Company of New York 02 28 - 4052 U.s. Trust Company, N.A.
Page 2 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE PUT/ INVESTMENT DISCRETION VOTING AUTHORITY NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE --------------------- ----- --------- ------------- ------------ ---- ---- ------ ------- ---------- ---------- --------- 1-800 CONTACTS INC COM 681977104 2 100 X 100 0 0 21ST CENTY INS GROUP COM 90130N103 33 2,400 X 2,400 0 0 24 / 7 REAL MEDIA INC NEW COM 901314203 5 1,100 X 1,100 0 0 3COM CORP COM 885535104 19,838 4,757,220 X 2,169,385 67,200 2,520,635 3D SYS CORP DEL NEW COM 88554D205 66 3,300 X 0 0 3,300 3M CO COM 88579Y101 488,718 5,954,888 X 4,729,926 262,339 962,623 3M CO LIQUID YIELD OPT NT ZERO CPN BD 88579YAB7 27 30,000 X 30,000 0 0 4 KIDS ENTMT INC COM 350865101 17 800 X 800 0 0 7-ELEVEN INC NEW COM 817826209 1,386 57,903 X 2,401 0 55,502 99 CENTS ONLY STORES COM 65440K106 102 6,322 X 4,640 0 1,682 A C MOORE ARTS & CRAFTS INC COM 00086T103 7,966 276,500 X 56,500 0 220,000 A S V INC COM 001963107 43 900 X 900 0 0 AAIPHARMA INC COM 00252W104 98 30,000 X 30,000 0 0 AAMES INVT CORP MD COM 00253G108 18 1,674 X 0 0 1,674 AAON INC COM 000360206 493 30,692 X 12,192 0 18,500 AAR CORP COM 000361105 1,758 129,070 X 900 0 128,170 AARON RENTS INC CL B COM 002535201 256 10,250 X 1,300 0 8,950 ABBEY NATL PLC ADR SER B REPSTG PREF PFD 002920700 248 9,000 X 9,000 0 0 ABBEY NATL PLC TIER ONE PERP SUB DEBTP FD 002920809 157 5,800 X 5,800 0 0 ABBOTT LABORATORIES COM 002824100 234,165 5,019,611 X 3,414,663 208,495 1,396,453 ABERCROMBIE & FITCH CO CL A COM 002896207 4,515 96,169 X 40,829 1,300 54,040 ABERDEEN ASIA-PACIFIC INCOME FD INC COM 003009107 472 72,890 X 54,730 10,000 8,160 ABGENIX INC COM 00339B107 483 46,740 X 6,840 3,000 36,900 ABIOMED INC COM 003654100 46 3,000 X 2,900 0 100 ABITIBI-CONSOLIDATED INC NPV COM 003924107 15 2,158 X 2,058 0 100 ABLE LABORATORIES INC NEW COM 00371N407 7 300 X 300 0 0 ABM INDS INC COM 000957100 37,135 1,883,104 X 1,468,270 1,050 413,784 ABN AMRO HLDG N V SPONSORED ADR COM 000937102 635 23,873 X 10,177 0 13,696 ABRAXAS PETE CORP COM 003830106 28 12,000 X 10,000 2,000 0 ACACIA RESH CORP AR COMBIMATRIX COM 003881208 397 100,000 X 100,000 0 0 ACADIA RLTY TR COM 004239109 178 10,900 X 6,300 0 4,600 ACCELRYS INC COM 00430U103 4 500 X 500 0 0 ACCENTURE LTD BERMUDA CL A PAYS COM G1150G111 53,124 1,967,548 X 1,195,433 21,700 750,415 ACCREDITED HOME LENDERS HLDG CO COM 00437P107 5 100 X 100 0 0 ACCREDO HEALTH INC COM 00437V104 138 4,986 X 2,546 0 2,440 ACE CASH EXPRESS INC COM 004403101 148 5,000 X 0 5,000 0 ACE LIMITED F SHS COM G0070K103 189,331 4,428,786 X 1,757,417 66,634 2,604,735 ACETO CORP COM 004446100 14 750 X 750 0 0 ACM GOVT INCOME FD INC COM 000912105 267 32,764 X 19,273 0 13,491 ACM MANAGED INCOME FD INC COM 000919100 19 4,937 X 0 0 4,937 ACTEL CORP COM 004934105 68 3,900 X 3,900 0 0 ACTION PERFORMANCE COS INC COM 004933107 13 1,150 X 1,150 0 0 ACTIVE PWR INC COM 00504W100 24 5,100 X 5,100 0 0 ACTIVISION INC NEW COM 004930202 254 12,610 X 6,980 0 5,630
Page 1 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- --------- -------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- ACTUANT CORP CL-A COM 00508X203 211 4,050 X 0 0 4,050 ACTUATE SOFTWARE CORP COM 00508B102 1 400 X 400 0 0 ACUITY BRANDS INC COM 00508Y102 3,472 109,190 X 65,165 225 43,800 ACUSPHERE INC COM 00511R870 268 43,700 X 0 3,200 40,500 ACXIOM CORP COM 005125109 489 18,600 X 4,900 0 13,700 ADAMS EXPRESS CO COM 006212104 140 10,678 X 10,678 0 0 ADAPTEC INC COM 00651F108 73 9,580 X 5,510 0 4,070 ADC TELECOMMUNICATIONS INC COM 000886101 7,205 2,688,562 X 1,615,940 0 1,072,622 ADECCO SA SPONSORED ADR COM 006754105 3 220 X 220 0 0 ADESA INC COM 00686U104 1,010 47,605 X 31,025 5,600 10,980 ADMINISTAFF INC COM 007094105 107 8,500 X 0 0 8,500 ADOBE SYS INC COM 00724F101 61,917 986,879 X 550,391 39,613 396,875 ADOLOR CORP COM 00724X102 70 7,020 X 6,020 0 1,000 ADTRAN INC COM 00738A106 29 1,520 X 1,320 0 200 ADVANCED AUTO PTS INC COM 00751Y106 244 5,575 X 2,055 2,000 1,520 ADVANCED DIGITAL INFORMATION CORP COM 007525108 104 10,333 X 10,200 0 133 ADVANCED MARKETING SVCS INC COM 00753T105 24 2,350 X 1,500 250 600 ADVANCED MED OPTICS INC COM 00763M108 6,166 149,873 X 71,726 0 78,147 ADVANCED MICRO DEVICES COM 007903107 2,562 116,354 X 77,754 900 37,700 ADVANCED NEUROMODULATION SYS INC COM 00757T101 253 6,400 X 400 0 6,000 ADVANCED PHOTONIX INC CL A COM 00754E107 2 1,000 X 1,000 0 0 ADVANCIS PHARMACEUTICAL CORP COM 00764L109 413 108,000 X 1,000 2,700 104,300 ADVANTA CORP CL B COM 007942204 32 1,300 X 1,300 0 0 ADVENT SOFTWARE INC COM 007974108 3,799 185,503 X 106,846 0 78,657 ADVISORY BRD CO COM 00762W107 39 1,060 X 700 0 360 ADVO INC COM 007585102 96 2,694 X 978 0 1,716 AEGON N V COM 007924103 1,632 119,048 X 38,273 0 80,775 AEROFLEX INC COM 007768104 265 21,835 X 1,910 0 19,925 AEROPOSTALE COM 007865108 82 2,779 X 379 0 2,400 AES CORP COM 00130H105 83,288 6,092,739 X 3,398,142 184,750 2,509,847 AES CORP CONV BD 00130HAN5 302 300,000 X 0 0 300,000 AES TRUST III CVT PFD SER 6.75% PFD 00808N202 345 7,000 X 7,000 0 0 AETHER SYSTEMS INC COM 00808V105 15 4,440 X 3,100 0 1,340 AETNA U S HEALTHCARE INC COM 00817Y108 12,375 99,202 X 75,377 1,500 22,325 AFC ENTERPRISES INC COM 00104Q107 15 613 X 613 0 0 AFFILIATED COMPUTER SVCS INC CL A COM 008190100 4,508 74,895 X 49,792 600 24,503 AFFILIATED MANAGERS GROUP COM 008252108 472 6,971 X 2,071 0 4,900 AFFILIATED MANAGERS GROUP LIQUID YIEL BD 008252AC2 42 35,000 X 35,000 0 0 AFFIRMATIVE INS HLDGS INC COM 008272106 13 800 X 0 0 800 AFFORDABLE RESIDENTIAL CMNTYS INC COM 008273104 26 1,820 X 1,700 0 120 AFFYMETRIX INC CAP STK COM 00826T108 424 11,607 X 9,027 0 2,580 AFLAC INC COM 001055102 70,886 1,779,274 X 1,290,075 48,680 440,519 AGCO CORP COM 001084102 39,039 1,783,421 X 132,921 0 1,650,500 AGERE SYS INC CL A COM 00845V100 9,523 6,951,406 X 10,322 152 6,940,932 AGERE SYS INC CL B COM 00845V209 307 227,402 X 46,735 3,810 176,857
Page 2 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ------------ ------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- AGILE SOFTWARE CORP DEL COM 00846X105 21 2,600 X 2,600 0 0 AGILENT TECHNOLOGIES INC COM 00846U101 10,397 431,389 X 306,071 46,048 79,270 AGILENT TECHNOLOGIES INC SR CONV DEB BD 00846UAB7 28 28,000 X 28,000 0 0 AGILYSYS INC COM 00847J105 128 7,450 X 2,450 0 5,000 AGL RES INC COM 001204106 536 16,116 X 11,416 0 4,700 AGNICO EAGLE MINES LTD COM NPV COM 008474108 10 750 X 750 0 0 AGREE RLTY CORP COM 008492100 16 500 X 0 0 500 AGRIUM INC COM 008916108 84 5,000 X 5,000 0 0 AIR PRODUCTS & CHEMICALS INC COM 009158106 115,318 1,989,266 X 1,429,622 56,525 503,119 AIRGAS INC COM 009363102 2,481 93,575 X 76,310 0 17,265 AIRNET COMMUNICATIONS CORP NEW COM 00941P403 0 50 X 50 0 0 AIRSPAN NETWORKS INC COM 00950H102 27 5,000 X 5,000 0 0 AIRTRAN HLDGS INC COM 00949P108 9 800 X 750 0 50 AK STL HLDG CORP COM 001547108 1,101 76,105 X 1,410 0 74,695 AKAMAI TECHNOLOGIES INC COM 00971T101 769 59,005 X 58,665 0 340 AKAMAI TECHNOLOGIES INC SUB NT CONV BD 00971TAC5 182 180,000 X 180,000 0 0 AKAMI TECHNOLOGIES INC CALL COM 01999L9970999 50,000 600,000 CALL X 50,000 AKZO N V SPONSORED ADR COM 010199305 3,418 80,440 X 200 0 80,240 ALABAMA NATL BANCORPORATION DEL COM 010317105 172 2,659 X 2,659 0 0 ALADDIN KNOWLEDGE SYSTEMS LTD COM M0392N101 0 1 X 1 0 0 ALAMOSA HLDGS INC COM 011589108 450 36,120 X 1,120 35,000 0 ALASKA AIR GROUP INC COM 011659109 84 2,500 X 2,500 0 0 ALBANY INTL CORP NEW CL A COM 012348108 943 26,826 X 26,826 0 0 ALBANY MOLECULAR RESH INC COM 012423109 48 4,300 X 4,300 0 0 ALBEMARLE CORP COM 012653101 141 3,650 X 2,850 0 800 ALBERTO CULVER CO COM 013068101 24,452 503,443 X 317,715 46,500 139,228 ALBERTSONS INC COM 013104104 24,583 1,029,433 X 622,115 7,550 399,768 ALCAN INC CAD NPV COM 013716105 1,135 23,140 X 11,641 2,250 9,249 ALCATEL ALSTHOM COM 013904305 253 16,195 X 13,110 1,000 2,085 ALCOA INC COM 013817101 52,669 1,676,287 X 1,074,176 48,366 553,745 ALCON INC PAYS IN U S DOLLARS COM H01301102 26,338 326,773 X 60,330 12,410 254,033 ALDERWOODS GROUP INC COM 014383103 1 100 X 100 0 0 ALERIS INTL INC COM 014477103 136 8,045 X 8,045 0 0 ALEXANDER & BALDWIN INC COM 014482103 3,003 70,782 X 4,682 0 66,100 ALEXANDERS INC COM 014752109 22 100 X 100 0 0 ALEXANDRIA REAL ESTATE EQUITIES INC COM 015271109 418 5,620 X 4,920 0 700 ALEXION PHARMACEUTICALS INC COM 015351109 3,024 119,982 X 69,034 0 50,948 ALFA CORP COM 015385107 6 400 X 400 0 0 ALICO INC COM 016230104 211 3,600 X 3,600 0 0 ALIGN TECHNOLOGY INC COM 016255101 401 37,322 X 37,322 0 0 ALKERMES INC COM 01642T108 3,661 259,800 X 158,994 0 100,806 ALLEGHANY CORP DEL NEW COM 017175100 2,217 7,773 X 3,564 400 3,809 ALLEGHENY ENERGY INC COM 017361106 1,139 57,743 X 46,875 0 10,868 ALLEGHENY TECHNOLOGIES INC COM 01741R102 722 33,328 X 32,128 0 1,200 ALLERGAN INC COM 018490102 18,615 229,614 X 152,014 5,300 72,300
Page 3 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ---------- ------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- ALLETE INC NEW COM 018522300 50,211 1,366,295 X 1,360,828 1,865 3,602 ALLIANCE CAP MGMT HLDG L P UNIT LTD COM 01855A101 24,514 583,671 X 493,321 7,800 82,550 ALLIANCE DATA SYS CORP COM 018581108 277 5,825 X 1,000 0 4,825 ALLIANCE FINL CORP COM 019205103 254 8,316 X 8,316 0 0 ALLIANCE GAMING CORP NEW COM 01859P609 90 6,500 X 5,300 0 1,200 ALLIANCE IMAGING INC DEL COM 018606202 2 200 X 200 0 0 ALLIANCE RESOURCE PARTNERS L P UNIT COM 01877R108 2,314 31,275 X 25,775 1,500 4,000 ALLIANCE WORLD DLR GOVT FD II MUTU COM 01879R106 545 44,038 X 26,355 3,500 14,183 ALLIANCE WORLD DLR GOVT FD INC COM 018796102 38 2,974 X 2,974 0 0 ALLIANT CORP COM 018802108 1,313 45,918 X 35,258 1,110 9,550 ALLIANT TECHSYSTEMS INC COM 018804104 2,602 39,792 X 35,140 0 4,652 ALLIANT TECHSYSTEMS INC SR SUB NT CONV BD 018804AH7 7 7,000 X 7,000 0 0 ALLIANZ AKTIENGESELLSCHAFT SPON COM 018805101 433 32,610 X 1,700 0 30,910 ALLIED CAP CORP NEW COM 01903Q108 9,897 383,010 X 141,177 31,350 210,483 ALLIED DOMECQ PLC SPONSORED ADR NEW COM 019121201 16 400 X 400 0 0 ALLIED HEALTHCARE INTL INC COM 01923A109 13 2,300 X 0 0 2,300 ALLIED IRISH BKS P L C SPONSORED ADR COM 019228402 1,016 24,615 X 6,250 0 18,365 ALLIED WASTE INDS INC COM 019589308 118 12,740 X 6,310 0 6,430 ALLIED WASTE INDS INC SR PFD SER PFD 019589605 21 400 X 400 0 0 ALLMERICA FINL CORP COM 019754100 577 17,590 X 14,770 0 2,820 ALLMERICA SECURITIES TRUST COM 019921105 11 1,086 X 0 0 1,086 ALLOY ONLINE INC COM 019855105 97 12,000 X 12,000 0 0 ALLSCRIPTS HEALTHCARE SOLUTIONS INC COM 01988P108 267 24,997 X 3,000 0 21,997 ALLSTATE CORP COM 020002101 98,518 1,904,839 X 1,083,485 54,916 766,438 ALLTEL CORP COM 020039103 63,119 1,074,183 X 807,245 40,341 226,597 ALLTEL CORP CORPORATE UNITS PFD 020039822 6,771 128,015 X 93,235 1,000 33,780 ALPHARMA INC CL A COM 020813101 13 790 X 790 0 0 ALTEON INC COM 02144G107 0 - X 0 0 0 ALTERA CORP COM 021441100 4,514 218,073 X 167,101 19,200 31,772 ALTIRIS INC COM 02148M100 59 1,675 X 0 0 1,675 ALTRIA GROUP INC COM 02209S103 192,181 3,145,352 X 1,601,332 105,296 1,438,724 ALVARION LTD SHS PAYS COM M0861T100 33 2,500 X 2,500 0 0 AMARIN CORP PLC SPONSORED ADR COM 023111107 27 10,000 X 10,000 0 0 AMAZON.COM INC COM 023135106 1,425 32,180 X 25,916 0 6,264 AMAZON.COM INC CONV SUB NT BD 023135AF3 255 255,000 X 219,000 0 36,000 AMB PPTY CORP COM 00163T109 4,621 114,416 X 25,426 0 88,990 AMBAC INC COM 023139108 2,976 36,239 X 26,528 2,700 7,011 AMCOL INTL CORP COM 02341W103 44 2,200 X 2,200 0 0 AMCOR LTD ADR COM 02341R302 13 563 X 563 0 0 AMCORE FINL INC COM 023912108 100 3,120 X 3,120 0 0 AMDOCS LTD COM G02602103 85 3,220 X 320 0 2,900 AMEDISYS INC COM 023436108 1,837 56,700 X 0 0 56,700 AMERADA HESS CORP COM 023551104 3,367 40,875 X 16,955 0 23,920 AMERADA HESS CORP PFD CONV ACES % PFD 023551401 10 135 X 135 0 0 AMEREN CORP COM 023608102 7,470 148,988 X 83,308 34,852 30,828
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MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ------------ ------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- AMEREN CORP CALL OPTIONS COM 02499J9950999 9,300 416,068 CALL X 9,300 AMERICA FIRST APT INVS INC COM 02363X104 238 19,856 X 18,753 0 1,103 AMERICA FIRST TAX EXEMPT INVS L P BEN COM 02364V107 40 5,500 X 0 0 5,500 AMERICA MOVIL S A DE C V SPONSORED ADR COM 02364W105 127,087 2,427,635 X 262,639 7,320 2,157,676 AMERICA MOVIL S A DE C V SPONSORED ADR COM 02364W204 6 123 X 70 0 53 AMERICA SVC GROUP INC COM 02364L109 1,182 44,136 X 0 0 44,136 AMERICA WEST HLDG CORP CL B COM 023657208 13 2,000 X 2,000 0 0 AMERICAN AXLE & MFG HLDGS INC COM 024061103 4,357 142,120 X 6,510 0 135,610 AMERICAN CAMPUS CMNTYS INC COM 024835100 4 200 X 0 0 200 AMERICAN CAP STRATEGIES LTD COM 024937104 50,742 1,521,497 X 1,159,724 40,500 321,273 AMERICAN EAGLE OUTFITTERS INC NEW COM 02553E106 516 10,950 X 4,600 200 6,150 AMERICAN ELECTRIC POWER CO INC COM 025537101 8,959 260,885 X 130,579 22,420 107,886 AMERICAN EQUITY INVT LIFE HLDG CO COM 025676206 17 1,600 X 0 0 1,600 AMERICAN EXPRESS CO COM 025816109 188,236 3,339,407 X 2,139,764 267,276 932,367 AMERICAN FINL GROUP HLDGS INC COM 025932104 543 17,350 X 4,750 570 12,030 AMERICAN FINL GROUP HLDGS INC SR NT C BD 025932AD6 43 100,000 X 100,000 0 0 AMERICAN FINL RLTY TR COM 02607P305 305 18,820 X 15,210 0 3,610 AMERICAN GREETINGS CORP CL A COM 026375105 362 14,296 X 14,046 0 250 AMERICAN HEALTHWAYS INC COM 02649V104 94 2,834 X 2,684 0 150 AMERICAN HOME MTG INVT CORP COM 02660R107 58 1,690 X 1,590 0 100 AMERICAN INDEPENDENCE CORP NEW COM 026760405 241 16,466 X 16,466 0 0 AMERICAN INSD MTG-INVS L P SER 85 DEPO COM 02686E106 2 1,245 X 0 0 1,245 AMERICAN INTL GROUP CALL OPTIONS COM 02699Z7320999 500 33,675 CALL X 500 AMERICAN INTL GROUP INC COM 026874107 731,038 11,132,081 X 6,883,410 945,912 3,302,759 AMERICAN INTL GROUP INC ZERO CPN CONV BD 026874AP2 33 50,000 X 50,000 0 0 AMERICAN ITALIAN PASTA CO CL A COM 027070101 40,063 1,723,126 X 805,595 28,630 888,901 AMERICAN MED SYS HLDGS INC COM 02744M108 27 635 X 535 0 100 AMERICAN NATIONAL INS CO COM 028591105 124 1,190 X 1,190 0 0 AMERICAN NATL BANKSHARES INC DANV COM 027745108 12 500 X 500 0 0 AMERICANPHARMACEUTICALS PARTNERS INC COM 02886P109 65 1,735 X 1,665 0 70 AMERICAN PHYSICIANS CAP INC COM 028884104 41 1,140 X 1,120 0 20 AMERICAN PWR CONVERSION CORP COM 029066107 74,194 3,467,023 X 2,045,748 389,700 1,031,575 AMERICAN PWR CONVERSION CORP COM 02999O9810999 3,000 61,530 CALL X 3,000 AMERICAN REAL ESTATE PARTNERS L P DEPO COM 029169109 18 644 X 0 0 644 AMERICAN SCIENCE & ENGINEERING INC COM 029429107 41 1,000 X 1,000 0 0 AMERICAN STD COS INC DEL COM 029712106 7,249 175,431 X 77,478 0 97,953 AMERICAN STS WTR CO COM 029899101 249 9,596 X 9,296 0 300 AMERICAN SUPERCONDUCTOR CORP COM 030111108 1,184 79,503 X 54,303 25,000 200 AMERICAN TECHNOLOGY CORP NEW COM 030145205 2 200 X 200 0 0 AMERICAN TOWER SYS CORP CL A COM 029912201 1,195 64,950 X 57,530 0 7,420 AMERICAN VANGUARD CORP COM 030371108 33 900 X 0 0 900 AMERICAN WOODMARK CORP COM 030506109 8,079 184,970 X 74,270 37,600 73,100 AMERICANWEST BANCORPORATION COM 03058P109 1 50 X 0 0 50 AMERICREDIT CORP COM 03060R101 378 15,474 X 13,114 0 2,360 AMERIGAS PARTNERS L P UNIT LTD PART COM 030975106 1,106 37,350 X 22,500 8,000 6,850
Page 5 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ------------- -------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- AMERIGROUP CORP COM 03073T102 30 400 X 300 0 100 AMERISERV FINL INC COM 03074A102 29 5,700 X 0 0 5,700 AMERISOURCEBERGEN CORP COM 03073E105 95,741 1,631,579 X 417,845 8,300 1,205,434 AMERISTAR CASINOS INC COM 03070Q101 99 2,300 X 2,300 0 0 AMERITRADE HLDG CORP NEW CL A COM 03074K100 323 22,733 X 21,213 0 1,520 AMERIVEST PPTYS INC DEL COM 03071L101 1,472 230,000 X 15,000 0 215,000 AMERON INTL CORP DEL COM 030710107 4 100 X 100 0 0 AMERUS GROUP CO COM 03072M108 112 2,470 X 2,470 0 0 AMETEK INC NEW COM 031100100 5,150 144,382 X 138,922 0 5,460 AMGEN INC COM 031162100 298,573 4,654,274 X 3,151,890 206,786 1,295,598 AMIS HLDGS INC COM 031538101 42 2,570 X 2,570 0 0 AMKOR TECHNOLOGY INC COM 031652100 110 16,490 X 16,000 0 490 AMLI RESIDENTIAL PPTYS TR SH BEN INT COM 001735109 67 2,090 X 1,890 0 200 AMN HEALTHCARE SVCS INC COM 001744101 25 1,600 X 1,600 0 0 AMPAL AMERICAN ISRAEL CORP 6.50% CV P PFD 032015307 3 270 X 0 0 270 AMPHENOL CORP NEW CL A COM 032095101 757 20,600 X 13,310 0 7,290 AMR CORP COM 001765106 16,883 1,541,831 X 33,640 0 1,508,191 AMSOUTH BANCORPORATION COM 032165102 6,678 257,843 X 91,908 15,542 150,393 AMSURG CORP COM 03232P405 116 3,926 X 2,273 0 1,653 AMVESCAP PLC SPONSORED ADR COM 03235E100 41,241 3,283,515 X 617,435 0 2,666,080 AMX CORP NEW AMYLIN COM 00180C105 16 1,000 X 1,000 0 0 PHARMACEUTICALS INC COM 032346108 502 21,491 X 8,070 0 13,421 ANADARKO PETE CORP COM 032511107 135,476 2,090,358 X 1,264,477 167,834 658,047 ANADARKO PETE CORP CALL OPTIONS COM 03499W9Z60999 3,000 181,200 CALL X 3,000 ANADIGICS INC COM 032515108 25 6,620 X 0 0 6,620 ANALEX CORP COM 032653107 13 3,000 X 3,000 0 0 ANALOG DEVICES INC COM 032654105 116,344 3,151,234 X 2,084,940 117,191 949,103 ANALOGIC CORP COM 032657207 35 790 X 500 0 290 ANALYSTS INTL CORP COM 032681108 1 200 X 200 0 0 ANALYTICAL SURVEYS INC COM 032683401 1 150 X 150 0 0 ANCHOR BANCORP WIS INC COM 032839102 3 100 X 0 0 100 ANCHOR GLASS CONTAINER CORP NEW NEW COM 03304B300 31 4,670 X 4,670 0 0 ANDREW CORP COM 034425108 487 35,717 X 18,434 0 17,283 ANDRX GROUP COM 034553107 275 12,593 X 8,823 0 3,770 ANGLO AMERICAN PLC SPONS ADR COM 03485P102 93 3,893 X 850 0 3,043 ANGLOGOLD LTD SPONSORED ADR COM 035128206 204 5,600 X 3,500 0 2,100 ANHEUSER BUSCH COS INC COM 035229103 152,715 3,010,334 X 2,061,999 83,685 864,650 ANIMAS CORP DEL COM 03525Y105 10 650 X 650 0 0 ANIXTER INTL INC COM 035290105 426 11,829 X 4,530 1,000 6,299 ANIXTER INTL INC LIQUID YIELD OPT NT Z BD 035290AC9 35 100,000 X 100,000 0 0 ANNALY MTG MGMT INC COM 035710409 3,376 172,055 X 155,070 300 16,685 ANNTAYLOR STORES CORP COM 036115103 210 9,760 X 1,735 0 8,025 ANSWERTHINK INC COM 036916104 10 2,100 X 0 0 2,100 ANSYS INC COM 03662Q105 32 1,000 X 900 0 100 ANTEON INTL CORP COM 03674E108 3,381 80,762 X 1,362 0 79,400
Page 6 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ---------- ------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- ANTHRACITE CAP INC COM 037023108 316 25,594 X 15,900 0 9,694 ANTIGENICS INC DEL COM 037032109 409 40,450 X 3,550 2,700 34,200 ANWORTH MTG ASSET CORP COM 037347101 139 12,950 X 7,750 0 5,200 AO TATNEFT SPONSORED ADR REG S COM 03737P306 29 1,000 X 0 1,000 0 AON CORP COM 037389103 1,822 76,386 X 51,939 4,000 20,447 APAC TELESERVICES INC COM 00185E106 9 4,900 X 0 0 4,900 APACHE CORP COM 037411105 77,544 1,533,389 X 909,089 35,069 589,231 APARTMENT INVT & MGMT CO CL A COM 03748R101 13,825 358,719 X 186,798 1,600 170,321 APCO ARGENTINA INC CAYMAN IS COM 037489101 5 137 X 137 0 0 APEX SILVER MINES LTD COM G04074103 1 45 X 45 0 0 APHTON CORP COM 03759P101 1 250 X 0 0 250 APOGEE ENTERPRISES INC COM 037598109 62 4,600 X 4,600 0 0 APOLLO GROUP INC CL A COM 037604105 12,589 155,973 X 49,331 2,745 103,897 APOLLO INVT CORP SH BEN INT COM 03761U106 24,992 1,655,100 X 5,100 0 1,650,000 APPLE COMPUTER INC COM 037833100 25,969 403,238 X 172,539 3,440 227,259 APPLE COMPUTER INC CALL OPTIONS COM 0379999R20999 1,200 77,400 CALL X 1,200 APPLE COMPUTER INC CALL OPTIONS COM 0379999U50999 2,100 135,450 CALL X 2,100 APPLEBEES INTL INC COM 037899101 8,075 305,282 X 130,395 6,000 168,887 APPLERA CORP APPLIED BIOSYS GRP COM 03899U9450999 4,000 80,880 CALL X 4,000 APPLERA CORPORATION APPLIED BIOS COM 038020103 10,189 487,276 X 330,971 32,899 123,406 APPLERA CORPORATION CELERA GENO COM 038020202 3,199 232,655 X 195,623 1,650 35,382 APPLICA INC COM 03815A106 2 400 X 400 0 0 APPLIED DIGITAL SOLUTIONS INC NEW COM 038188306 34 5,000 X 5,000 0 0 APPLIED FILMS CORP COM 038197109 13 600 X 100 0 500 APPLIED INDL TECHNOLOGIES INC COM 03820C105 374 13,650 X 12,600 0 1,050 APPLIED INNOVATION INC COM 037916103 3 1,000 X 0 0 1,000 APPLIED MATERIALS INC COM 038222105 75,923 4,439,937 X 3,088,227 96,800 1,254,910 APPLIED MATLS INC CALL OPTIONS COM 03799J9Q20999 2,500 40,550 CALL X 2,500 APPLIED MICRO CIRCUITS CORP COM 03822W109 71 16,866 X 15,768 0 1,098 APPLIED SIGNAL TECHNOLOGY INC COM 038237103 81 2,300 X 2,300 0 0 APRIA HEALTHCARE GROUP INC COM 037933108 77 2,326 X 1,326 0 1,000 APROPOS TECHNOLOGY INC COM 038334108 14 4,200 X 4,200 0 0 APTARGROUP INC COM 038336103 14,822 280,832 X 207,532 0 73,300 AQUA AMER INC COM 03836W103 18,625 757,441 X 289,049 0 468,392 AQUANTIVE INC COM 03839G105 103 11,500 X 11,500 0 0 AQUILA INC DEL NEW COM 03840P102 386 104,679 X 100,679 0 4,000 AQUILA INC DEL NEW PREMIUM INCOME EQUI PFD 03840P409 225 6,500 X 4,000 0 2,500 ARACRUZ CELULOSE S.AADS SPONSORED ADR COM 038496204 190,348 5,049,006 X 2,930,602 213,490 1,904,914 ARAMARK CORP CL B COM 038521100 494,981 18,671,494 X 0 18,671,494 0 ARBITRON INC COM 03875Q108 40 1,015 X 1,015 0 0 ARCADIS N.V. N Y REGISTRY SH COM 03923E107 22 1,200 X 0 0 1,200 ARCH CHEMICALS INC COM 03937R102 71 2,479 X 245 0 2,234 ARCH COAL INC COM 039380100 7,991 224,843 X 52,857 0 171,986 ARCHER DANIELS MIDLAND CO COM 039483102 15,667 702,234 X 305,199 0 397,035 ARCHSTONE-SMITH TR COM 039583109 5,335 139,298 X 75,644 12,600 51,054
Page 7 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ---------- ------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- ARCTIC CAT INC COM 039670104 26 975 X 975 0 0 ARDEN RLTY GROUP INC COM 039793104 999 26,485 X 15,905 0 10,580 ARENA PHARMACEUTICALS INC COM 040047102 3,530 526,804 X 244,168 4,200 278,436 ARGONAUT GROUP INC COM 040157109 556 26,307 X 26,107 0 200 ARGOSY GAMING CORP COM 040228108 67 1,426 X 1,426 0 0 ARIBA INC NEW COM 04033V203 453 27,270 X 27,200 0 70 ARISTOTLE CORP NEW COM 040448201 21 3,000 X 0 0 3,000 ARKANSAS BEST CORP DEL COM 040790107 8 169 X 100 0 69 ARLINGTON TANKERS LTD COM G04899103 13,756 599,400 X 18,100 0 581,300 ARMOR HLDGS INC COM 042260109 3,302 70,226 X 0 0 70,226 ARQULE INC COM 04269E107 30 5,200 X 5,200 0 0 ARRIS GROUP INC COM 04269Q100 9 1,210 X 810 0 400 ARROW ELECTRONICS INC COM 042735100 885 36,406 X 22,180 0 14,226 ARROW FINL CORP COM 042744102 6 200 X 0 0 200 ARROW INTL INC COM 042764100 17,179 554,345 X 184,345 0 370,000 ART TECHNOLOGY GROUP INC COM 04289L107 10 6,918 X 6,718 0 200 ARTESYN TECHNOLOGIES INC COM 043127109 84 7,400 X 1,000 0 6,400 ARTHROCARE CORP COM 043136100 101 3,150 X 2,150 0 1,000 ARVINMERITOR INC COM 043353101 42 1,892 X 1,692 0 200 ASA BERMUDA LIMITED COM G3156P103 102 2,525 X 2,525 0 0 ASBURY AUTOMOTIVE GROUP INC COM 043436104 44 3,180 X 3,180 0 0 ASCENTIAL SOFTWARE CORP NEW COM 04362P207 153 9,356 X 5,410 2,001 1,945 ASHFORD HOSPITALITY TR INC SHS COM 044103109 4 400 X 0 0 400 ASHLAND INC COM 044204105 9,312 159,506 X 8,717 0 150,789 ASHWORTH INC COM 04516H101 7 600 X 600 0 0 ASK JEEVES INC COM 045174109 81 3,036 X 1,186 0 1,850 ASM INTERNATIONAL N V COM N07045102 622 37,950 X 0 0 37,950 ASM LITHOGRAPHY HOLDING NV PAYS COM N07059111 68 4,241 X 4,109 0 132 ASPECT COMMUNICATIONS INC COM 04523Q102 3 300 X 300 0 0 ASPECT MEDICAL SYS INC COM 045235108 2 75 X 75 0 0 ASSOCIATED BANC CORP COM 045487105 487 14,658 X 14,658 0 0 ASSOCIATED ESTATES RLTY CORP COM 045604105 29 2,839 X 2,839 0 0 ASSURANT INC COM 04621X108 316 10,347 X 1,205 0 9,142 ASTEA INTL INC NEW COM 04622E208 215 31,910 X 0 3,160 28,750 ASTEC INDS INC COM 046224101 40 2,300 X 2,300 0 0 ASTORIA FINL CORP COM 046265104 4,148 103,773 X 97,293 0 6,480 ASTRAZENECA PLC SPONSORED ADR COM 046353108 966 26,553 X 15,438 0 11,115 ASYST TECHNOLOGIES INC COM 04648X107 22 4,385 X 4,335 0 50 AT ROAD INC COM 04648K105 8 1,200 X 1,200 0 0 AT&T CORP COM NEW COM 001957505 25,936 1,360,761 X 612,055 16,548 732,158 ATHEROGENICS INC COM 047439104 43 1,835 X 1,000 0 835 ATLANTIC LIBERTY FINL CORP COM 048668107 38 1,632 X 0 0 1,632 ATLAS AMER INC COM 049167109 21 580 X 580 0 0 ATMEL CORP COM 049513104 163 41,603 X 38,913 0 2,690 ATMI INC COM 00207R101 166 7,380 X 2,380 0 5,000
Page 8 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE --------------------- ----- ------------ -------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- ATMOS ENERGY CORP COM 049560105 6,003 219,487 X 164,680 600 54,207 ATS MED INC COM 002083103 25 5,399 X 1,400 0 3,999 ATWOOD OCEANICS INC COM 050095108 83 1,600 X 800 0 800 AU OPTRONICS CORP CALL OPTION COM 00Z9969930999 4,000 53,400 CALL X 4,000 AU OPTRONICS CORP SPONSORED ADR COM 002255107 43,525 3,039,445 X 2,020,896 17,646 1,000,903 AUDIO CODES COM M15342104 17 1,000 X 1,000 0 0 AUDIOVOX INC COM 050757103 66 4,200 X 2,200 0 2,000 AUTHENTIDATE HLDG CORP COM 052666104 16 2,600 X 600 0 2,000 AUTODESK INC COM 052769106 3,435 90,530 X 67,500 0 23,030 AUTOLIV INC COM 052800109 960 19,886 X 15,190 0 4,696 AUTOMATIC DATA PROCESSING INC COM 053015103 307,895 6,942,372 X 5,117,063 292,662 1,532,647 AUTOMATIC DATA PROCESSING INC SUB LIQU BD 053015AC7 594 515,000 X 365,000 0 150,000 AUTONATION INC COM 05329W102 514 26,780 X 22,880 0 3,900 AUTOZONE INC COM 053332102 118,024 1,292,568 X 746,271 43,912 502,385 AUTOZONE OPTION CALL OPTIONS COM 05099K9320999 1,500 135,435 CALL X 1,500 AVALONBAY CMNTYS INC COM 053484101 10,046 133,408 X 19,503 4,907 108,998 AVANEX CORP COM 05348W109 16 4,727 X 4,727 0 0 AVANEX CORP PUT OPTION COM 05099L9630999 10,000 29,100 PUT X 10,000 AVANIR PHARMACEUTICALS CL A COM 05348P104 38 11,000 X 11,000 0 0 AVATAR HOLDINGS INC COM 053494100 119 2,470 X 2,440 0 30 AVAYA INC COM 053499109 46,829 2,722,635 X 41,363 373 2,680,899 AVERY DENNISON CORP COM 053611109 392,666 6,547,704 X 447,852 6,045,071 54,781 AVI BIOPHARMA INC COM 002346104 0 200 X 100 0 100 AVIALL INC NEW COM 05366B102 16 700 X 700 0 0 AVICI SYS INC NEW COM 05367L802 275 30,369 X 4,019 1,750 24,600 AVID TECHNOLOGY INC COM 05367P100 342 5,540 X 1,100 0 4,440 AVISTA CORP COM 05379B107 140 7,938 X 6,425 0 1,513 AVITAR INC NEW COM 053801106 0 2,200 X 2,200 0 0 AVNET INC COM 053807103 408 22,367 X 17,192 0 5,175 AVNET INC SR DEB CONV BD 053807AL7 7 7,000 X 7,000 0 0 AVOCENT CORP COM 053893103 651 16,035 X 2,700 0 13,335 AVON PRODUCTS INC COM 054303102 182,883 4,725,649 X 2,454,978 113,850 2,156,821 AVX CORP NEW COM 002444107 17,203 1,365,313 X 655,707 33,780 675,826 AXA SA SPONSORED ADR COM 054536107 813 32,856 X 11,507 0 21,349 AXCAN PHARMA INC COM 054923107 9 466 X 0 0 466 AXCELIS TECHNOLOGIES INC COM 054540109 121 14,910 X 14,910 0 0 AXONYX INC COM 05461R101 417 67,259 X 65,259 0 2,000 AXT INC COM 00246W103 47 30,000 X 20,500 2,000 7,500 AZTAR CORP COM 054802103 108 3,100 X 2,500 0 600 B2B INTERNET HOLDRS TR DEPOSITARY RCPT COM 056033103 19 6,750 X 4,750 0 2,000 BACK YD BURGERS INC COM 05635W101 8 1,000 X 1,000 0 0 BADGER METER INC COM 056525108 60 2,000 X 2,000 0 0 BAKER HUGHES INC COM 057224107 17,329 406,109 X 326,528 2,666 76,915 BAKER MICHAEL CORP COM 057149106 6 300 X 300 0 0 BALDOR ELECTRIC CO COM 057741100 64 2,320 X 2,120 0 200
Page 9 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE --------------------- ----- ------------- ------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- BALL CORP COM 058498106 560 12,730 X 11,290 0 1,440 BALLARD PWR SYS INC COM 05858H104 253 37,389 X 6,250 0 31,139 BALLYS TOTAL FITNESS HLDG CORP COM 05873K108 31 7,300 X 7,300 0 0 BANCO BILBAO VIZCAYA ARGENTARIA S A SP COM 05946K101 116 6,531 X 2,300 3,826 405 BANCO LATINOAMERICANO COM P16994132 135 6,780 X 6,780 0 0 BANCO SANTANDER CENTRAL HISPANO SA COM 05964H105 753 60,906 X 60,906 0 0 BANCO SANTANDER CHILE NEW SPON COM 05965X109 41 1,200 X 1,200 0 0 BANCORP RHODE ISLAND INC COM 059690107 99 2,500 X 0 0 2,500 BANCORPSOUTH INC COM 059692103 461 18,907 X 18,407 0 500 BANCSHARES FLA INC COM 05976U102 137 8,500 X 1,000 0 7,500 BANCTRUST FINL GROUP INC COM 05978R107 874 35,500 X 750 0 34,750 BANDAG INC COM 059815100 33 660 X 660 0 0 BANDAG INC CL A COM 059815308 14 300 X 0 0 300 BANK AMER CORP CALL OPTIONS COM 02199W9V00999 1,800 81,522 CALL X 1,800 BANK GRANITE CORP COM 062401104 51 2,430 X 2,430 0 0 BANK HAWAII CORP COM 062540109 869 17,120 X 9,320 0 7,800 BANK MARIN CORTE MADERA CALIF COM 063431100 62 1,575 X 0 0 1,575 BANK MONTREAL QUE COM 063671101 289 6,000 X 6,000 0 0 BANK MUT CORP NEW COM 063750103 112 9,237 X 1,989 0 7,248 BANK OF AMER CORP COM 060505104 370,058 7,875,247 X 5,272,649 313,690 2,288,908 BANK OF AMERICA CORP PUT OPTION COM 02199W9U20999 20,000 905,800 PUT X 20,000 BANK OF NEW YORK CO INC COM 064057102 29,274 875,956 X 448,326 57,262 370,368 BANK OF NOVA SCOTIA CAD COM NPV COM 064149107 227 6,700 X 0 0 6,700 BANK SOUTH CAROLINA CORP COM 065066102 5 350 X 350 0 0 BANKATLANTIC BANCORP INC CL A NON VTG COM 065908501 901 45,271 X 13,871 0 31,400 BANKNORTH GROUP INC NEW COM 06646R107 42,062 1,149,242 X 1,130,786 0 18,456 BANKUNITED FINL CORP CL A COM 06652B103 58 1,830 X 1,830 0 0 BANNER CORP COM 06652V109 10 320 X 120 0 200 BANTA CORP COM 066821109 316 7,052 X 6,952 0 100 BARCLAYS PLC ADR COM 06738E204 1,142 24,995 X 18,130 0 6,865 BARD C R INC COM 067383109 9,584 149,789 X 105,465 4,000 40,324 BARNES & NOBLE INC COM 067774109 583 18,080 X 13,530 0 4,550 BARNES GROUP INC COM 067806109 42 1,600 X 1,100 0 500 BARR PHARMACEUTICALS INC COM 068306109 160,213 3,518,064 X 2,272,608 133,173 1,112,283 BARRETT BILL CORP COM COM 06846N104 246 7,700 X 0 0 7,700 BARRICK GOLD CORP CAD COM 067901108 2,155 88,967 X 53,243 0 35,724 BASF AG SPONSORED ADR COM 055262505 786 10,915 X 4,105 0 6,810 BASSETT FURNITURE INDUSTRIES INC COM 070203104 300 15,296 X 3,916 0 11,380 BAUSCH & LOMB INC COM 071707103 2,788 43,246 X 30,646 5,700 6,900 BAXTER INTL INC COM 071813109 70,392 2,037,981 X 1,224,482 57,428 756,071 BAXTER INTL INC CONV PFD PFD 071813406 129,459 2,292,935 X 840,294 51,657 1,400,984 BAY VIEW CAP CORP DEL NEW COM 07262L309 31 2,021 X 2,021 0 0 BAYER A G SPONSORED ADR COM 072730302 118 3,486 X 3,486 0 0 BB&T CORP COM 054937107 33,444 795,346 X 647,255 7,300 140,791 BCE INC CAD NPV COM 05534B109 218 9,050 X 6,150 2,600 300
Page 10 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ---------- ------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- BE AEROSPACE INC COM 073302101 23 2,000 X 2,000 0 0 BEA SYS INC COM 073325102 2,693 303,896 X 176,781 0 127,115 BEACON ROOFING SUPPLY INC COM 073685109 828 41,700 X 0 0 41,700 BEAR STEARNS CO INC COM 073902108 9,211 90,026 X 28,535 0 61,491 BEARINGPOINT INC COM 074002106 350 43,627 X 17,380 0 26,247 BEASLEY BROADCAST GROUP INC CL A COM 074014101 4 200 X 200 0 0 BEAZER HOMES USA INC COM 07556Q105 113 772 X 772 0 0 BEBE STORES INC COM 075571109 603 22,350 X 0 0 22,350 BECKMAN COULTER INC COM 075811109 2,628 39,233 X 23,176 7,900 8,157 BECTON DICKINSON & CO COM 075887109 22,913 403,394 X 246,889 13,350 143,155 BED BATH & BEYOND INC COM 075896100 192,199 4,825,493 X 397,598 21,550 4,406,345 BEDFORD PPTY INVS INC PAR $0.02 COM 076446301 92 3,250 X 3,250 0 0 BEL FUSE INC CL B COM 077347300 3 100 X 100 0 0 BELDEN CDT INC COM 077454106 39 1,696 X 966 500 230 BELL INDUSTRIES INC DEL COM 078107109 0 10 X 0 0 10 BELL MICROPRODUCTS INC COM 078137106 284 29,550 X 0 0 29,550 BELLSOUTH CORP COM 079860102 59,265 2,132,582 X 1,497,906 102,720 531,956 BELO CORPORATION CL A COM 080555105 23,587 898,903 X 136,937 21,800 740,166 BEMA GOLD CORP COM 08135F107 63 20,500 X 10,500 0 10,000 BEMIS CO INC COM 081437105 7,330 251,980 X 226,760 0 25,220 BENCHMARK ELECTRS INC COM 08160H101 1,001 29,340 X 18,215 0 11,125 BENETTON GROUP SPA ADR NEW COM 081795403 214 8,000 X 0 0 8,000 BENTHOS INC COM 082641101 13 750 X 750 0 0 BENTLEY PHARMACEUTICAL COM 082657107 111 10,300 X 800 0 9,500 BERKLEY W R CORP COM 084423102 237 5,017 X 4,296 0 721 BERKSHIRE HATHAWAY INC DEL CL B COM 084670207 162,296 55,278 X 36,569 3,744 14,965 BERKSHIRE HATHAWAY INC DELAWARE CL A COM 084670108 160,330 1,824 X 1,215 128 481 BERKSHIRE HILLS BANCORP INC COM 084680107 63 1,700 X 700 0 1,000 BERRY PETROLEUM CO CL A COM 085789105 83 1,730 X 1,630 0 100 BEST BUY INC COM 086516101 33,343 561,145 X 361,846 300 198,999 BEVERLY ENTERPRISES INC NEW COM 087851309 24 2,670 X 2,670 0 0 BEVERLY HILLS BANCORP DEL COM 087866109 4 400 X 0 0 400 BF ENTERPRISES INC COM 055387104 148 18,700 X 0 0 18,700 BG PLC ADR FINAL INSTALLMENT NEW COM 055434203 760 22,051 X 1,190 0 20,861 BHP BILLITON PLC SPONSORED ADR COM 05545E209 12 500 X 500 0 0 BHP LTD SPONSORED ADR COM 088606108 7,677 319,600 X 156,550 20,000 143,050 BIG 5 SPORTING GOODS CORP COM 08915P101 1,276 43,800 X 100 0 43,700 BIG LOTS INC COM 089302103 149 12,256 X 2,500 0 9,756 BIMINI MTG MGMT INC CL A COM 09031E400 19 1,180 X 0 0 1,180 BINDVIEW DEV CORP COM 090327107 506 117,900 X 0 8,600 109,300 BIO RAD LABS CL A COM 090572207 87 1,519 X 1,500 0 19 BIO RAD LABS CL B COM 090572108 73 1,300 X 1,300 0 0 BIOENVISION INC COM 09059N100 9 1,000 X 0 0 1,000 BIOGEN IDEC INC COM 09062X103 50,595 759,564 X 681,666 4,850 73,048 BIOMARIN PHARMACEUTICAL INC COM 09061G101 24 3,700 X 3,700 0 0
Page 11 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ---------- ------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- BIOMED RLTY TR INC COM 09063H107 10 460 X 0 0 460 BIOMET INC COM 090613100 55,972 1,289,971 X 875,470 45,532 368,969 BIOPURE CORP CL A COM 09065H105 2 3,000 X 0 0 3,000 BIOSITE INC COM 090945106 732 11,900 X 8,900 0 3,000 BIOTECH HOLDRS TR DEPOSITARY RCPTS COM 09067D201 1,269 8,300 X 8,300 0 0 BIOTIME INC COM 09066L105 0 200 X 200 0 0 BIOVAIL CORP COM 09067J109 27 1,625 X 1,625 0 0 BIOVERIS CORP COM 090676107 144 19,638 X 19,638 0 0 BISYS GROUP INC COM 055472104 1,146 69,660 X 28,540 0 41,120 BISYS GROUP INC CONV SUB NT BD 055472AB0 45 45,000 X 45,000 0 0 BJ SVCS CO COM 055482103 4,453 95,677 X 22,602 0 73,075 BJS RESTAURANTS INC COM 09180C106 11 800 X 800 0 0 BJS WHSL CLUB INC COM 05548J106 26,348 904,514 X 251,621 11,672 641,221 BKF CAP GROUP INC COM 05548G102 19 500 X 500 0 0 BLACK & DECKER CORP COM 091797100 238,371 2,698,642 X 476,776 3,300 2,218,566 BLACK BOX CORP DEL COM 091826107 77 1,600 X 1,500 0 100 BLACK HILLS CORP COM NEW COM 092113109 844 27,500 X 11,275 2,000 14,225 BLACKROCK ADVANTAGE TERM TR INC COM 09247A101 233 22,300 X 22,300 0 0 BLACKROCK CALIF MUN INCOME TR SH BEN COM 09248E102 299 22,166 X 22,166 0 0 BLACKROCK CORE BD TR SHS BEN INT COM 09249E101 23 1,670 X 1,670 0 0 BLACKROCK FLA INSD MUN 2008 TERM TR COM 09247H106 26 1,626 X 1,626 0 0 BLACKROCK FLA INSD MUN INCOME TR COM 09250G102 28 2,000 X 0 0 2,000 BLACKROCK FLA MUN 2020 TERM TR COM 09250M109 70 4,666 X 0 0 4,666 BLACKROCK HIGH YIELD TR SHS COM 09248N102 189 20,000 X 1,000 0 19,000 BLACKROCK INC CL A COM 09247X101 73 950 X 580 0 370 BLACKROCK INCOME TR INC COM 09247F100 593 82,518 X 55,668 0 26,850 BLACKROCK INSD MUN 2008 TERM TR INC COM 09247K109 38 2,350 X 1,850 0 500 BLACKROCK INSD MUN INCOME TR COM 092479104 594 42,625 X 42,625 0 0 BLACKROCK INSD MUN TERM TR INC COM 092474105 119 10,500 X 10,500 0 0 BLACKROCK LTD DURATION INCOME TR SHS COM 09249W101 591 29,150 X 18,400 0 10,750 BLACKROCK MUN BD TR COM 09249H104 74 5,000 X 0 0 5,000 BLACKROCK MUN INCOME TR SH BEN INT COM 09248F109 10 666 X 0 0 666 BLACKROCK MUN TARGET TERM TR INC COM 09247M105 150 14,300 X 14,300 0 0 BLACKROCK N J MUN INCOME TR SH BEN INT COM 09248J101 29 2,000 X 0 0 2,000 BLACKROCK N Y INSD MUN 2008 TERM TR I COM 09247L107 448 27,816 X 19,305 0 8,511 BLACKROCK NORTH AMERN GOVT INCOME TR I COM 092475102 129 11,860 X 11,860 0 0 BLACKROCK PFD OPPORTUNITY TR SHS COM 09249V103 20 800 X 800 0 0 BLACKROCK STRATEGIC DIVID ACHI COM 09249Y107 15 1,000 X 1,000 0 0 BLACKROCK STRATEGIC MUN TR COM 09248T109 96 6,600 X 6,600 0 0 BLOCK H & R INC COM 093671105 27,157 554,216 X 324,863 120,280 109,073 BLOCKBUSTER INC CL A COM 093679108 8,679 909,835 X 271,629 348 637,858 BLOCKBUSTER INC CL B COM 093679207 177 20,066 X 11,573 348 8,145 BLONDER TONGUE LABORATORIES INC COM 093698108 13 3,000 X 3,000 0 0 BLOUNT INTL INC NEW COM 095180105 12 670 X 305 0 365 BLUE CHIP VALUE FD INC COM 095333100 20 3,000 X 3,000 0 0
Page 12 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ---------- ------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- BLUE COAT SYS INC COM 09534T508 4 200 X 200 0 0 BLUE MARTINI SOFTWARE INC NEW COM 095698502 3 1,000 X 0 0 1,000 BLUE NILE INC COM 09578R103 59 2,150 X 0 0 2,150 BLUEGREEN CORP COM 096231105 30 1,536 X 1,536 0 0 BLUELINX HLDGS INC COM 09624H109 20 1,400 X 1,400 0 0 BLYTH INC COM 09643P108 5,379 181,974 X 87,973 1,000 93,001 BMC SOFTWARE INC COM 055921100 2,011 108,136 X 38,225 0 69,911 BNP RESIDNTIAL PROPERTIES INC COM 05564T103 20 1,250 X 1,250 0 0 BOARDWALK BK LINWOOD N J COM 096611108 172 9,570 X 9,570 0 0 BOARDWALK BK LINWOOD N J WTS EXPI WT 096611116 13 2,000 X 2,000 0 0 BOB EVANS FARMS INC COM 096761101 96 3,673 X 3,213 0 460 BOC GROUP PLC SPONSORED ADR COM 055617609 344 9,020 X 70 0 8,950 BOEING CO COM 097023105 1,426,617 27,556,845 X 27,402,188 27,836 126,821 BOK FINL CORP NEW COM 05561Q201 302 6,192 X 6,152 0 40 BOMBAY INC COM 097924104 14 2,500 X 0 0 2,500 BONE CARE INTL INC COM 098072101 3 100 X 100 0 0 BON-TON STORES INC COM 09776J101 0 30 X 30 0 0 BOOKHAM INC COM 09856E105 1 126 X 126 0 0 BOOTS & COOTS INTL WELL CTL INC NEW COM 099469504 46 50,000 X 0 50,000 0 BORDERS GROUP INC COM 099709107 616 24,256 X 7,856 0 16,400 BORG WARNER INC COM 099724106 1,282 23,666 X 21,156 0 2,510 BORLAND SOFTWARE CORP COM 099849101 79 6,800 X 3,400 0 3,400 BOSTON BEER INC CL A COM 100557107 95 4,450 X 4,100 0 350 BOSTON COMMUNICATIONS GROUP INC COM 100582105 94 10,200 X 300 0 9,900 BOSTON PPTYS INC COM 101121101 11,839 183,066 X 72,731 12,000 98,335 BOSTON PRIVATE FINL HLDGS INC COM 101119105 660 23,422 X 21,072 0 2,350 BOSTON SCIENTIFIC CORP COM 101137107 45,855 1,289,872 X 718,410 29,390 542,072 BOSTONFED BANCORP INC COM 101178101 7 150 X 150 0 0 BOWATER INC COM 102183100 192 4,369 X 3,249 0 1,120 BOWNE & CO INC COM 103043105 76 4,693 X 4,493 0 200 BOYD GAMING CORP COM 103304101 1,843 44,250 X 44,150 0 100 BOYKIN LODGING CO COM 103430104 10 1,100 X 0 0 1,100 BP P L C SPONSORED ADR COM 055622104 620,301 10,621,584 X 7,226,168 686,716 2,708,700 BP P L C CALL OPTIONS COM 05Y9999890999 1,000 56,700 CALL X 1,000 BP PRUDHOE BAY RTY TR UNIT BEN INT COM 055630107 691 14,300 X 2,300 1,000 11,000 BRADLEY PHARMACEUTICALS INC CL A COM 104576103 2 94 X 0 0 94 BRADY W H CO CL A COM 104674106 188 6,000 X 6,000 0 0 BRANDYWINE RLTY TR SH BEN INT NEW COM 105368203 496 16,875 X 9,575 1,000 6,300 BRASCAN CORP LTD VTG SHS CL A COM 10549P606 634 17,601 X 7,701 0 9,900 BRASIL TELECOM PARTICIPACOES S A SPON PFD 105530109 15 390 X 0 0 390 BRE PROPERTIES INC COM 05564E106 1,012 25,093 X 19,973 1,000 4,120 BRIGGS & STRATTON CORP COM 109043109 6,475 155,718 X 82,134 30,384 43,200 BRIGHAM EXPL CO COM 109178103 30 3,300 X 0 0 3,300 BRIGHT HORIZONS FAMILY SOLUTIONS INC COM 109195107 11,835 182,751 X 103,960 18,500 60,291 BRIGHTPOINT INC CALL OPTION COM 10999D9880999 4,500 89,685 CALL X 4,500
Page 13 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ------------ ------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- BRIGHTPOINT INC CALL OPTION COM 10999D9960999 4,000 79,720 CALL X 4,000 BRIGHTPOINT INC NEW COM 109473405 168 8,600 X 100 0 8,500 BRILLIAN CORP COM 10949P107 0 8 X 8 0 0 BRINKER INTL INC COM 109641100 13,421 382,694 X 164,704 12,050 205,940 BRINKS CO COM 109696104 18,023 456,050 X 76,150 0 379,900 BRISTOL MYERS SQUIBB CO COM 110122108 161,837 6,316,790 X 3,533,876 280,766 2,502,148 BRISTOL MYERS SQUIBB CO CALL COM 11099Z8870999 10,000 247,900 CALL X 10,000 BRISTOL MYERS SQUIBB CO CONV $2 PFD 110122207 199 410 X 410 0 0 BRISTOL WEST HLDGS INC COM 11037M105 12 600 X 600 0 0 BRITISH AMERN TOB PLC SPONSORED ADR COM 110448107 125 3,595 X 2,715 0 880 BRITISH SKYBROADCASTING GROUP PLC SPON COM 111013108 7 160 X 160 0 0 BROADBAND HOLDRS TR DEPOSITARY RCPT COM 11130P104 1,109 66,400 X 64,500 0 1,900 BROADCOM CORP CLASS A COM 111320107 17,640 546,476 X 225,839 5,680 314,957 BROADWING CORP COM 11161E101 354 38,816 X 19,270 480 19,066 BROCADE COMMUNICATIONS SYS INC COM 111621108 373 48,785 X 48,185 0 600 BROOKFIELD HOMES CORP COM 112723101 3 80 X 80 0 0 BROOKFIELD PPTYS CORP COM 112900105 47 1,264 X 1,104 0 160 BROOKLINE BANCORP INC DEL COM 11373M107 70 4,300 X 3,900 0 400 BROOKS AUTOMATION INC NEW COM 114340102 41 2,385 X 2,385 0 0 BROOKSTONE INC COM 114537103 1,304 66,725 X 16,425 0 50,300 BROWN & BROWN INC COM 115236101 587 13,486 X 10,075 0 3,411 BROWN FORMAN CORP CL B COM 115637209 1,943 39,909 X 31,589 4,500 3,820 BROWN FORMAN INC CLASS A COM 115637100 53 1,050 X 300 0 750 BROWN SHOE INC NEW COM 115736100 1,005 33,690 X 8,790 0 24,900 BRUKER BIOSCIENCES CORP COM 116794108 21 5,300 X 5,300 0 0 BRUNSWICK CORP COM 117043109 805 16,270 X 12,690 0 3,580 BRUSH WELLMAN INC COM 117421107 57 3,100 X 1,500 0 1,600 BRYN MAWR BK CORP COM 117665109 26 1,200 X 1,200 0 0 BSQUARE CORP COM 11776U102 3 2,300 X 0 0 2,300 BT GROUP PLC ADR COM 05577E101 354 8,960 X 2,075 0 6,885 BUCA INC COM 117769109 998 143,400 X 49,000 0 94,400 BUCKEYE PARTNERS L P UNIT LTD PART COM 118230101 2,152 50,846 X 37,746 0 13,100 BUCKEYE TECHNOLOGIES INC COM 118255108 282 21,652 X 21,352 0 300 BUCYRUS INTL INC NEW CL A COM 118759109 1,016 25,000 X 0 0 25,000 BUILD-A-BEAR WORKSHOP INC COM 120076104 14 400 X 200 0 200 BUILDING MATLS HLDG CORP COM 120113105 70 1,840 X 1,840 0 0 BUNGE LIMITED SHS PAYS COM G16962105 265 4,653 X 1,478 0 3,175 BUNGE LTD FIN CORP GTD NT CONV BD 120568AE0 11 6,000 X 6,000 0 0 BURLINGTON COAT FACTORY WAREHOUSE CORP COM 121579106 2 100 X 100 0 0 BURLINGTON NORTHN SANTA FE CORP COM 12189T104 14,469 305,832 X 156,462 11,400 137,970 BURLINGTON RES INC COM 122014103 149,255 3,431,146 X 756,291 58,848 2,616,007 BURLINGTON RES INC CALL OPTIONS COM 1229969S20999 400 16,220 CALL X 400 BUSINESS OBJECTS S A SPONSORED ADR COM 12328X107 69 2,717 X 1,292 0 1,425 C D I CORP COM 125071100 26 1,200 X 1,200 0 0 C D W CORP COM 12512N105 337 5,079 X 4,519 0 560
Page 14 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ---------- ------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- C H ROBINSON WORLDWIDE INC COM 12541W100 2,025 36,466 X 33,916 0 2,550 C&D TECHNOLOGIES INC COM 124661109 92 5,400 X 3,200 0 2,200 CABELAS INC COM 126804301 28 1,250 X 1,000 0 250 CABLE & WIRELESS PUB LTD CO SPON COM 126830207 44 6,400 X 4,400 0 2,000 CABLEVISION SYS CORP NY GRP A COM 12686C109 2,284 91,702 X 39,037 0 52,665 CABOT CORP COM 127055101 42,977 1,111,096 X 1,077,879 1,200 32,017 CABOT MICROELECTRONICS CORP COM 12709P103 18,792 468,986 X 243,755 0 225,231 CABOT OIL & GAS CORP CL A COM 127097103 1,158 26,173 X 26,173 0 0 CACI INTL INC CL A COM 127190304 37,087 544,360 X 138,085 0 406,275 CADBURY SCHWEPPES P L C ADR 10 ORD COM 127209302 3,816 101,213 X 29,470 16,500 55,243 CADENCE DESIGN SYS INC COM 127387108 366 26,471 X 23,146 0 3,325 CADMUS COMMUNICATIONS CORP COM 127587103 13 1,000 X 1,000 0 0 CAESARS ENTMT INC COM 127687101 907 45,011 X 31,654 0 13,357 CAL DIVE INTL INC COM 127914109 24,600 603,683 X 167,735 0 435,948 CALAMOS CONV & HIGH INCOME FD COM SHS COM 12811P108 155 9,000 X 9,000 0 0 CALCASIEU REAL ESTATE & OIL CO COM 128685203 25 2,500 X 0 2,500 0 CALGON CARBON CORP COM 129603106 94 10,400 X 10,000 0 400 CALIFORNIA COASTAL CMNTYS INC NEW COM 129915203 29 1,200 X 1,200 0 0 CALIFORNIA MICRO DEVICES CORP COM 130439102 14 2,000 X 2,000 0 0 CALIFORNIA PIZZA KITCHEN INC COM 13054D109 19 840 X 300 0 540 CALIFORNIA WTR SVC GROUP COM 130788102 336 8,930 X 4,500 0 4,430 CALIPER LIFE SCIENCES INC COM 130872104 24 3,188 X 3,188 0 0 CALLAWAY GOLF CO COM 131193104 16,023 1,186,862 X 670,262 0 516,600 CALPINE CORP COM 131347106 63,405 16,092,657 X 3,287,909 126,100 12,678,648 CALPINE CORP CONTINGENT NT CONV STEP BD 131347BM7 3,664 3,145,000 X 2,545,000 0 600,000 CALPINE CORP SR CONTINGENT NT CONV BD 131347BJ4 1,179 1,355,000 X 705,000 0 650,000 CAMBIOR INC CAD COM NPV COM 13201L103 27 10,000 X 0 0 10,000 CAMBREX CORP COM 132011107 31,382 1,157,993 X 84,673 1,500 1,071,820 CAMBRIDGE ANTIBODY TECHNOLOGY GROU COM 132148107 156 11,000 X 11,000 0 0 CAMDEN NATL CORP COM 133034108 35 900 X 900 0 0 CAMDEN PPTY TR SH BEN INT COM 133131102 4,988 97,797 X 14,947 0 82,850 CAMECO CORP COM 13321L108 210 2,000 X 500 0 1,500 CAMPBELL SOUP CO COM 134429109 3,786 126,678 X 93,098 2,000 31,580 CANADA SOUTHERN PETROLEUM LTD COM PV $ COM 135231108 9 1,146 X 146 0 1,000 CANADIAN NAT RES LTD CAD NPV COM 136385101 3,377 78,946 X 27,000 0 51,946 CANADIAN NATL RY CO COM 136375102 1,293 21,111 X 12,986 1,875 6,250 CANADIAN PAC RY LTD COM 13645T100 1,479 42,987 X 26,487 11,400 5,100 CANARGO ENERGY CORP COM 137225108 471 436,364 X 436,364 0 0 CANCERVAX CORP COM 13738Y107 360 33,200 X 1,900 2,300 29,000 CANDELA CORP COM 136907102 933 82,125 X 2,525 6,000 73,600 CANON INC ADR NEW COM 138006309 8,460 155,918 X 89,250 8,350 58,318 CANTEL MEDICAL CORP CL B CONV COM 138098108 4 100 X 100 0 0 CANTERBURY PK HLDG CORP COM 13811E101 1,192 59,000 X 59,000 0 0 CAPITAL AUTOMOTIVE REIT COM SH BEN INT COM 139733109 172 4,847 X 4,847 0 0 CAPITAL BK CORP COM 139793103 126 6,849 X 6,849 0 0
Page 15 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ---------- ------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- CAPITAL LEASING FDG INC COM 140288101 13,750 1,100,000 X 0 0 1,100,000 CAPITAL ONE FINL CORP COM 14040H105 13,153 156,194 X 88,267 0 67,927 CAPITAL ONE FINL CORP UPPER DECS 6.25 PFD 14040H204 8 145 X 145 0 0 CAPITAL SOUTHWEST CORP COM 140501107 107 1,360 X 0 0 1,360 CAPITAL TITLE GROUP INC COM 140919101 56 9,929 X 9,929 0 0 CAPITALSOURCE INC COM 14055X102 75 2,935 X 2,815 0 120 CAPITOL BANCORP LTD COM 14056D105 12 340 X 140 0 200 CAPITOL FED FINL COM 14057C106 30 820 X 800 0 20 CAPSTEAD MTG CORP COM 14067E506 37 3,475 X 1,975 1,500 0 CAPSTEAD MTG CORP PFD SER B CONV PFD 14067E308 598 43,950 X 36,300 4,150 3,500 CAPSTONE TURBINE CORP COM 14067D102 14 7,389 X 6,589 0 800 CAPTARIS INC COM 14071N104 505 97,800 X 5,500 7,700 84,600 CARAUSTAR INDS INC COM 140909102 9,550 567,794 X 567,794 0 0 CARBO CERAMICS INC COM 140781105 3,482 50,470 X 470 0 50,000 CARDIAC SCIENCE INC COM 141410209 2 1,000 X 1,000 0 0 CARDINAL FINL CORP COM 14149F109 212 19,053 X 1,200 0 17,853 CARDINAL HEALTH INC COM 14149Y108 36,535 628,284 X 397,069 48,185 183,030 CARDINAL ST BK DURHAM NORTH CARO COM 141546101 28 2,548 X 2,548 0 0 CARDIODYNAMICS INTL CORP COM 141597104 134 26,000 X 26,000 0 0 CARDIOTECH INTL INC COM 14160C100 13 4,461 X 2,461 0 2,000 CAREER ED CORP COM 141665109 10,287 257,185 X 33,162 3,850 220,173 CAREMARK RX INC COM 141705103 44,955 1,140,114 X 544,990 29,885 565,239 CARLISLE COMPANIES INC COM 142339100 1,095 16,862 X 3,087 0 13,775 CARMAX INC COM 143130102 1,739 56,015 X 28,209 0 27,806 CARMIKE CINEMAS INC COM 143436400 2 60 X 60 0 0 CARNIVAL CORP CONV DEB BD 143658AN2 29 19,000 X 19,000 0 0 CARNIVAL CORP PAIRED CTF 1 COM CARN COM 143658300 34,327 595,648 X 154,921 16,081 424,646 CAROLINA BK HLDGS INC GREENSBORO N C COM 143785103 10 660 X 660 0 0 CARPENTER TECHNOLOGY CORP COM 144285103 453 7,750 X 4,530 0 3,220 CARRAMERICA RLTY CORP COM 144418100 1,917 58,076 X 50,726 2,100 5,250 CARRIAGE SVCS INC CL A COM 143905107 1 200 X 200 0 0 CARRIZO OIL & GAS INC COM 144577103 2,609 230,900 X 0 0 230,900 CARTER INC COM 146229109 1,173 34,500 X 0 0 34,500 CASCADE BANCORP COM 147154108 98 4,837 X 4,637 0 200 CASCADE CORP COM 147195101 4,036 101,025 X 101,025 0 0 CASCADE NATURAL GAS CORP COM 147339105 400 18,855 X 18,315 0 540 CASELLA WASTE SYS INC CL A COM 147448104 6 400 X 400 0 0 CASEYS GEN STORES INC COM 147528103 111 6,110 X 5,910 0 200 CASH AMER INVTS INC COM 14754D100 324 10,900 X 9,300 0 1,600 CASTLE A M & CO COM 148411101 9,321 780,658 X 774,658 0 6,000 CASTLE ENERGY PAR $0.50 NEW COM 148449309 1 52 X 52 0 0 CATALINA MARKETING CORP COM 148867104 1,609 54,296 X 50,626 1,700 1,970 CATAPULT COMMUNICATIONS CORP COM 149016107 7 300 X 300 0 0 CATELLUS DEV CORP NEW COM 149113102 4,811 157,213 X 35,141 0 122,072 CATERPILLAR INC COM 149123101 63,909 655,410 X 274,373 57,500 323,537
Page 16 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ---------- ------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- CATHAY BANCORP INC COM 149150104 110 2,928 X 2,928 0 0 CATHAY MERCHANT GROUP INC COM 14916A101 25 31,700 X 9,800 0 21,900 CATO CORP NEW CL A COM 149205106 40 1,400 X 100 0 1,300 CAVCO INDS INC DEL COM 149568107 153 3,406 X 680 390 2,336 CB RICHARD ELLIS GROUP INC CL A COM 12497T101 609 18,150 X 50 0 18,100 CBL & ASSOC PPTYS INC COM 124830100 1,950 25,540 X 8,240 0 17,300 CBRL GROUP INC COM 12489V106 90 2,150 X 1,950 0 200 CCC INFORMATION SVCS GROUP INC COM 12487Q109 36 1,642 X 412 0 1,230 CEC ENTMT INC COM 125137109 30 750 X 750 0 0 CEDANT CORP CALL OPTIONS COM 15Z99A9920999 1,000 22,540 CALL X 1,000 CEDAR FAIR L P DEPOSITARY UNIT COM 150185106 1,398 42,483 X 36,633 0 5,850 CEDAR SHOPPING CTRS INC NEW COM 150602209 2,747 192,080 X 1,780 0 190,300 CELADON GROUP INC COM 150838100 767 34,450 X 0 0 34,450 CELERITEK INC COM 150926103 190 122,595 X 20,595 7,400 94,600 CELESTICA INC SUB VTG SHS COM 15101Q108 375 26,589 X 6,510 0 20,079 CELGENE CORP COM COM 151020104 832 31,354 X 21,854 0 9,500 CELL GENESYS INC COM 150921104 184 22,677 X 377 1,300 21,000 CELL THERAPEUTICS INC CDT COM 150934107 8 1,000 X 1,000 0 0 CELLEGY PHARMACEUTICALS INC COM 15115L103 6 2,000 X 0 0 2,000 CELLSTAR CORP COM NEW COM 150925204 4 800 X 800 0 0 CEL-SCI CORP NEW COM 150837409 4 6,000 X 6,000 0 0 CELSION CORP COM 15117N107 1 2,500 X 2,500 0 0 CEMEX S A SPONSOR ADR NEW REP ORD PART COM 151290889 37,821 1,038,462 X 270,479 207,785 560,198 CENDANT CORP COM 151313103 106,583 4,558,735 X 1,152,259 29,834 3,376,642 CENTENE CORP DEL COM 15135B101 48 1,696 X 1,430 0 266 CENTENNIAL CELLULAR CORP CL A NEW COM 15133V208 13 1,600 X 1,600 0 0 CENTER FINL CORP CALIF COM 15146E102 4 200 X 0 0 200 CENTERPLATE INC INCOME DEP SECS IDSS COM 15200E204 106 8,000 X 8,000 0 0 CENTERPOINT ENERGY INC COM 15189T107 151,885 13,441,098 X 7,094,431 610,191 5,736,476 CENTERPOINT PPTYS CORP COM 151895109 2,362 49,324 X 8,020 9,974 31,330 CENTEX CORP COM 152312104 205,495 3,449,075 X 551,708 24,000 2,873,367 CENTILLIUM COMMUNICATIONS INC COM 152319109 185 76,143 X 3,343 4,900 67,900 CENTRAL EUROPEAN DISTR CORP COM 153435102 28 938 X 938 0 0 CENTRAL EUROPEAN EQUITY FD INC COM 153436100 84 3,000 X 3,000 0 0 CENTRAL FGHT LINES INC NEV COM 153491105 6 1,000 X 1,000 0 0 CENTRAL FUND CDA LTD CL A COM 153501101 5 1,000 X 1,000 0 0 CENTRAL GARDEN & PET CO COM 153527106 174 4,157 X 1,757 0 2,400 CENTRAL PAC FINL CORP COM 154760102 136 3,756 X 3,756 0 0 CENTRAL PKG CORP COM 154785109 35 2,340 X 1,700 0 640 CENTRAL VERMONT PUB SERVICE CO COM 155771108 28 1,200 X 1,100 0 100 CENTURY ALUM CO COM 156431108 337 12,850 X 7,900 0 4,950 CENTURY BANCORP INC MASS CL A NON VTG COM 156432106 1,620 54,900 X 54,900 0 0 CENTURY BUSINESS SERVICES COM 156490104 174 39,976 X 0 5,010 34,966 CENTURYTEL INC COM 156700106 9,697 273,394 X 135,884 13,735 123,775 CENVEO INC COM 15670S105 14 4,500 X 0 0 4,500
Page 17 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ------------ ------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- CEPHALON INC COM 156708109 273 5,360 X 5,160 0 200 CERADYNE INC CALIF COM 156710105 300 5,250 X 2,350 0 2,900 CERES GROUP INC COM 156772105 34 6,500 X 1,100 0 5,400 CERIDIAN CORP NEW COM 156779100 477 26,081 X 14,780 0 11,301 CERNER CORP COM 156782104 16,317 306,879 X 90,450 21,400 195,029 CERNER CORP CALL OPTION COM 15699I9630999 15,800 801,218 CALL X 15,800 CERTEGY INC COM 156880106 2,388 67,220 X 5,760 0 61,460 CERUS CORP COM 157085101 68 23,000 X 20,000 0 3,000 CEVA INC COM 157210105 1 70 X 0 0 70 CFS BANCORP INC COM 12525D102 29 2,000 X 2,000 0 0 CH ENERGY GROUP INC COM 12541M102 700 14,570 X 13,416 0 1,154 CHALONE WINE GROUP LTD COM 157639105 68 4,803 X 4,803 0 0 CHAMPION ENTERPRISES INC COM 158496109 14 1,170 X 1,170 0 0 CHARLES & COLVARD LTD COM 159765106 661 62,085 X 62,085 0 0 CHARLES RIV ASSOCS INC COM 159852102 2 36 X 0 0 36 CHARLES RIV LABORATORIES INTL INC COM 159864107 32,055 696,701 X 487,168 27,025 182,508 CHARMING SHOPPES INC COM 161133103 262 28,000 X 5,500 0 22,500 CHARTER COMMUNICATIONS INC DEL CLA COM 16117M107 1 520 X 520 0 0 CHARTER MUN MTG ACCEP CO COM 160908109 342 13,978 X 11,778 0 2,200 CHATTEM INC COM 162456107 76 2,300 X 2,300 0 0 CHECK POINT SOFTWARE TECHNOLOGIES LTD COM M22465104 10,211 414,563 X 317,460 0 97,103 CHECKFREE CORP NEW COM 162813109 8,656 227,323 X 57,923 2,712 166,688 CHECKPOINT SYSTEMS INC COM 162825103 23 1,300 X 1,300 0 0 CHEESECAKE FACTORY INC COM 163072101 402 12,385 X 7,410 0 4,975 CHEMED CORP NEW COM 16359R103 114 1,706 X 830 0 876 CHEMICAL FINL CORP COM 163731102 32 736 X 686 0 50 CHENIERE ENERGY INC NEW COM 16411R208 38 595 X 220 0 375 CHEROKEE INC DEL NEW COM 16444H102 571 16,180 X 15,910 0 270 CHESAPEAKE CORP COM 165159104 102 3,758 X 2,758 0 1,000 CHESAPEAKE ENERGY CORP COM 165167107 6,486 393,065 X 82,325 10,000 300,740 CHESTER VY BANCORP INC COM 166335109 28 1,278 X 0 0 1,278 CHEVRON TEXACO CORP CALL OPTIONS COM 16699M9S40999 1,000 50,880 CALL X 1,000 CHEVRON TEXACO CORP PUT OPTIONS COM 16699M9Q80999 1,000 50,880 PUT X 1,000 CHEVRONTEXACO CORP COM 166764100 349,907 6,663,618 X 4,260,487 507,668 1,895,463 CHICAGO BRIDGE & IRON-NY SHR COM 167250109 21,673 541,819 X 370,759 14,500 156,560 CHICAGO MERCANTILE EXCHANGE HLDGS INC COM 167760107 17,484 76,449 X 11,330 1,320 63,799 CHICOS FAS INC COM 168615102 5,682 124,799 X 80,454 2,100 42,245 CHILDREN'S PLACE COM 168905107 1,707 46,100 X 1,100 0 45,000 CHILE FUND INC COM USD 001 COM 168834109 4 261 X 261 0 0 CHINA FD INC COM 169373107 477 14,567 X 10,767 3,800 0 CHINA LIFE INS CO LTD SPONSORED ADR COM 16939P106 11 429 X 429 0 0 CHINA MOBILE HONG KONG LTD SPON COM 16941M109 5,567 324,445 X 28,948 0 295,497 CHINA PETE & CHEM CORP SPONSORED ADR COM 16941R108 68 1,650 X 150 0 1,500 CHINA TELECOM CORP LTD SPONSORED ADR COM 169426103 74 2,000 X 2,000 0 0 CHIPMOS TECHNOLOGIES BERMUDA LTD COM G2110R106 6 1,000 X 1,000 0 0
Page 18 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE (IN NAME OF ISSUER TITLE CUSIP THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ------------------------- ----- ------------- ---------- ------------ -------- ---- ------ ------- ---------- ---------- ---------- CHIQUITA BRANDS INTL INC COM 170032809 180 8,169 X 3,803 0 4,366 CHIQUITA BRANDS INTL INC WT EXP WT 170032114 271 42,835 X 59 0 42,776 CHIRON CORP COM 170040109 3,357 100,707 X 64,448 2,300 33,959 CHITTENDEN CORP COM 170228100 1,588 55,282 X 54,614 0 668 CHOICE HOTELS INTL INC COM 169905106 96 1,650 X 1,650 0 0 CHOICEPOINT INC COM 170388102 1,092 23,743 X 10,716 0 13,027 CHORDIANT SOFTWARE INC COM 170404107 2 1,010 X 1,010 0 0 CHRISTOPHER & BANKS CORP COM 171046105 9,108 493,670 X 242,508 0 251,162 CHRONIMED INC COM 171164106 16 2,400 X 400 0 2,000 CHUBB CORP COM 171232101 42,022 546,447 X 318,103 44,159 184,185 CHUBB CORP CONV PFD EQUI PFD 171232309 602 20,355 X 13,355 7,000 0 CHUNGHWA TELECOM CO LTD SPONSORED ADR COM 17133Q205 10 483 X 213 0 270 CHURCH & DWIGHT CO INC COM 171340102 21,987 653,990 X 60,500 580,350 13,140 CHURCHILL DOWNS INC COM 171484108 195 4,360 X 4,300 0 60 CIBER INC COM 17163B102 73 7,548 X 800 0 6,748 CIENA CORP COM 171779101 303 90,747 X 28,964 0 61,783 CIENA CORP NT CONV BD 171779AA9 169 190,000 X 190,000 0 0 CIGNA CORP COM 125509109 23,997 294,193 X 194,337 8,370 91,486 CIGNA INVTS SECS INC COM 17179X106 17 925 X 0 0 925 CIM HIGH YIELD SECS SH BEN INT COM 125527101 4 1,000 X 0 0 1,000 CIMAREX ENERGY CO COM 171798101 2,352 62,070 X 12,200 2,123 47,747 CINCINNATI BELL INC NEW COM 171871106 228 54,944 X 10,891 0 44,053 CINCINNATI BELL INC NEW DEPOSITARY SH R PFD 171871403 16 400 X 0 0 400 CINCINNATI FINANCIAL CORP COM 172062101 8,436 190,604 X 186,560 0 4,044 CINERGY CORP COM 172474108 433,673 10,417,315 X 38,165 10,341,122 38,028 CINTAS CORP COM 172908105 12,873 293,495 X 183,230 29,000 81,265 CIPHERGEN BIOSYSTEMS INC COM 17252Y104 12 2,900 X 2,900 0 0 CIPRICO INC COM 172529109 38 9,200 X 0 0 9,200 CIRCOR INTL INC COM 17273K109 6 245 X 45 0 200 CIRCUIT CITY STORES INC COM 172737108 18,200 1,163,709 X 613,862 6,449 543,398 CIRRUS LOGIC INC COM 172755100 4 756 X 756 0 0 CISCO SYS INC COM 17275R102 350,738 18,154,189 X 12,088,117 1,000,370 5,065,702 CISCO SYS INC CALL OPTIONS COM 17699L9620999 3,500 64,995 CALL X 3,500 CISCO SYSTEMS INC PUT OPTIONS COM 17099S8070999 1,500 27,855 PUT X 1,500 CISCO SYSTEMS INC CALL OPTIONS COM 17099S8150999 1,500 27,855 CALL X 1,500 CIT GROUP INC NEW COM 125581108 72,872 1,590,394 X 303,145 16,800 1,270,449 CIT GROUP INC NEW CALL OPTIONS COM 13299R9960999 4,000 171,000 CALL X 4,000 CITADEL BROADCASTING CORP COM 17285T106 594 36,700 X 30,990 0 5,710 CITIGROUP INC COM 172967101 721,337 14,971,714 X 8,476,701 524,842 5,970,171 CITIGROUP INC CALL OPTION COM 17699Z8U90999 3,500 169,610 CALL X 3,500 CITIGROUP INC CALL OPTIONS COM 17699Z8Q80999 2,400 116,304 CALL X 2,400 CITIGROUP INC LITIGATION TRACKING WT WT 172967127 397 279,900 X 183,146 0 96,754 CITIGROUP INVTS CORPORATE LN FD INC COM 17307C107 99 7,090 X 7,090 0 0 CITIZENS BKG CORP MICH COM 174420109 106 3,100 X 3,100 0 0 CITIZENS COMMUNICATIONS CO COM 17453B101 835 60,514 X 42,112 3,020 15,382
Page 19 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE (IN NAME OF ISSUER TITLE CUSIP THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ------------------------- ----- ------------- ---------- ------------ -------- ---- ------ ------- ---------- ---------- ---------- CITIZENS FIRST BANCORP INC DEL COM 17461R106 2 100 X 100 0 0 CITIZENS INC CL A COM 174740100 3 536 X 536 0 0 CITIZENS UTILS TR EQUITY PFD INCO PFD 177351202 71 1,200 X 700 0 500 CITRIX SYS INC COM 177376100 745 30,456 X 27,057 0 3,399 CITY HLDG CO COM 177835105 13 360 X 320 0 40 CITY INVESTING CO LIQUIDATING TRUS COM 177900107 1 585 X 397 0 188 CITY NATIONAL CORP COM 178566105 278 3,933 X 3,268 0 665 CKE RESTAURANTS INC COM 12561E105 23 1,600 X 1,600 0 0 CLAIRES STORES INC COM 179584107 176 8,297 X 3,377 0 4,920 CLARCOR INC COM 179895107 163 2,972 X 2,942 0 30 CLARK INC COM 181457102 194 12,500 X 12,500 0 0 CLASSIC BANCSHARES INC COM 18272M104 49 1,100 X 0 0 1,100 CLEAN HBRS INC COM 184496107 8 500 X 500 0 0 CLEAR CHANNEL COMMUNICATIONS INC COM 184502102 19,760 590,025 X 395,098 14,700 180,227 CLECO CORP NEW COM 12561W105 10,962 541,082 X 225,326 8,175 307,581 CLEVELAND CLIFFS INC COM 185896107 25,174 484,760 X 405,214 0 79,546 CLIFTON SVGS BANCORP INC COM 18712Q103 4 300 X 300 0 0 CLOROX CO COM 189054109 42,956 728,925 X 395,821 9,548 323,556 CLOROX CO CALL OPTION COM 18999H9330999 5,000 287,300 CALL X 5,000 CLOSURE MED CORP COM 189093107 37 1,920 X 1,870 0 50 CMGI INC COM 125750109 22 8,638 X 6,388 850 1,400 CMS ENERGY CORP COM 125896100 4,492 429,852 X 263,057 0 166,795 CNA FINANCIAL CORP COM 126117100 55 2,050 X 1,710 0 340 CNA SURETY CORP COM 12612L108 24 1,800 X 1,800 0 0 CNET NETWORKS INC COM 12613R104 13 1,140 X 840 0 300 CNF INC COM 12612W104 213 4,261 X 4,020 0 241 CNOOC LTD SPONSORED ADR COM 126132109 1,933 35,675 X 13,925 0 21,750 CNS INC COM 126136100 10 800 X 0 0 800 COACH INC COM 189754104 38,530 683,169 X 283,280 3,900 395,989 COACHMEN INDUSTRIES INC COM 189873102 233 13,400 X 1,400 1,800 10,200 COACTIVE MARKETING GROUP INC COM 189875107 42 10,000 X 0 0 10,000 COBIZ INC COM 190897108 12 600 X 600 0 0 COCA COLA BOTTLING CO CONSOL COM 191098102 29 500 X 500 0 0 COCA COLA CO COM 191216100 253,235 6,081,541 X 4,127,664 314,977 1,638,900 COCA COLA ENTERPRISES INC COM 191219104 844 40,520 X 30,500 0 10,020 COCA-COLA FEMSA S A DE C V SPON COM 191241108 71 3,000 X 0 0 3,000 COEUR D ALENE MINES CORP IDA COM 192108108 90 22,988 X 2,988 0 20,000 COGENT INC COM 19239Y108 231 7,000 X 200 0 6,800 COGNEX CORP COM 192422103 3,316 118,840 X 117,020 0 1,820 COGNIZANT TECHNOLOGY SOLUTIONS CORP COM 192446102 1,144 27,016 X 15,438 4,296 7,282 COGNOS INC COM 19244C109 1,137 25,798 X 19,448 0 6,350 COHEN & STEERS ADVANTAGE INCOME RLTY COM 19247W102 7 300 X 0 0 300 COHEN & STEERS PREMIUM INCOME REAL COM 19247V104 143 6,500 X 0 6,500 0 COHEN & STEERS QUALITY INCOME REAL COM 19247L106 120 5,800 X 2,500 3,300 0 COHEN & STEERS REIT & PFD INCOME FD I COM 19247X100 43 1,600 X 1,600 0 0
Page 20 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE (IN NAME OF ISSUER TITLE CUSIP THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ------------------------- ----- ------------- ---------- ------------ -------- ---- ------ ------- ---------- ---------- ---------- COHEN & STEERS TOTAL RETURN RLTY FD I COM 19247R103 193 9,606 X 1,223 8,258 125 COHERENT INC COM 192479103 79 2,600 X 2,500 0 100 COHU INC COM 192576106 15 800 X 800 0 0 COINSTAR INC COM 19259P300 1,207 44,986 X 1,400 0 43,586 COLDWATER CREEK INC COM 193068103 782 25,335 X 0 0 25,335 COLE KENNETH PRODTNS INC CL A COM 193294105 22 712 X 300 0 412 COLGATE PALMOLIVE CO COM 194162103 103,279 2,018,750 X 1,296,283 160,288 562,179 COLLEGIATE FDG SVCS INC COM 19458M108 1 53 X 53 0 0 COLLINS & AIKMAN CORP NEW COM 194830204 44 10,000 X 0 0 10,000 COLONIAL BANCGROUP INC COM 195493309 676 31,835 X 26,565 0 5,270 COLONIAL INTER HIGH INCOME FD SH BEN COM 195763107 91 25,200 X 25,200 0 0 COLONIAL INVT GRADE MUN TR SH BEN INT COM 195768106 1,472 144,489 X 30,330 0 114,159 COLONIAL PPTYS TR SH BEN INT COM 195872106 850 21,650 X 13,650 8,000 0 COLUMBIA BKG SYS INC COM 197236102 22 891 X 691 0 200 COLUMBIA SPORTSWEAR CO COM 198516106 134 2,253 X 2,053 0 200 COMCAST CORP NEW CL A COM 20030N101 39,605 1,190,053 X 657,283 22,308 510,462 COMCAST CORP NEW CL A SPL COM 20030N200 67,984 2,070,161 X 1,275,796 191,534 602,831 COMCAST CORP NEW SPL CL A COM 20199S9900999 9,000 285,480 CALL X 9,000 COMERICA INC COM 200340107 44,740 733,199 X 386,179 56,560 290,460 COMFORT SYS USA INC COM 199908104 1 100 X 0 0 100 COMMERCE BANCORP INC N J COM 200519106 1,415 21,973 X 7,045 0 14,928 COMMERCE BANCSHARES INC COM 200525103 766 15,257 X 10,869 0 4,388 COMMERCE GROUP INC MASS COM 200641108 3,647 59,753 X 59,000 0 753 COMMERCIAL BANKSHARES INC COM 201607108 6,176 160,422 X 160,422 0 0 COMMERCIAL CAP BANCORP INC COM 20162L105 497 21,459 X 17,535 0 3,924 COMMERCIAL FED CORP COM 201647104 401 13,508 X 13,508 0 0 COMMERCIAL METALS CO COM 201723103 147 2,910 X 2,790 0 120 COMMERCIAL NET LEASE RLTY INC COM 202218103 153 7,410 X 6,010 1,000 400 COMMONWEALTH TEL ENTERPRISES INC NEW COM 203349105 41 820 X 800 0 20 COMMSCOPE INC COM 203372107 20,864 1,103,913 X 321,513 0 782,400 COMMUNICATIONS SYSTEMS INC COM 203900105 2 200 X 200 0 0 COMMUNITY BANK SYSTEM INC COM 203607106 102 3,607 X 1,600 0 2,007 COMMUNITY BKS INC MILLERSBURG PA COM 203628102 14 500 X 500 0 0 COMMUNITY HEALTH SYS INC NEW COM 203668108 99 3,555 X 1,980 0 1,575 COMMUNITY TR BANCORP INC COM 204149108 1 30 X 30 0 0 COMPANHIA DE BEBIDAS DAS AMERS - AMBE PFD 20441W203 12 440 X 0 0 440 COMPANHIA VALE DO RIO DOCE SPON COM 204412209 3 120 X 120 0 0 COMPANIA ANONIMA NACIONAL TELE COM 204421101 3,787 169,157 X 17,558 0 151,599 COMPANIA DE MINAS BUENAVENTURA S A SPON COM 204448104 5 200 X 200 0 0 COMPANIA DE TELE COMUNICACIONES DE CHIL COM 204449300 3,688 328,139 X 19,800 0 308,339 COMPASS BANCSHARES INC COM 20449H109 2,646 54,368 X 35,024 0 19,344 COMPASS MINERALS INTL INC COM 20451N101 15 600 X 600 0 0 COMPUTER ASSOC INTL INC COM 204912109 4,386 141,195 X 115,715 0 25,480 COMPUTER NETWORK TECHNOLOGY CORP CONV BD 204925AC5 1,369 1,500,000 X 900,000 100,000 500,000 COMPUTER PROGRAMS & SYS INC COM 205306103 16 700 X 600 0 100
Page 21 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE (IN NAME OF ISSUER TITLE CUSIP THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ------------------------- ----- ------------- ---------- ------------ -------- ---- ------ ------- ---------- ---------- ---------- COMPUTER SCIENCES CORP COM 205363104 39,659 703,554 X 435,006 10,825 257,723 COMPUTER SCIENCES CORP CALL COM 20599F9450999 3,000 162,960 CALL X 3,000 COMPUWARE CORP COM 205638109 1,199 187,090 X 26,660 0 160,430 COMSTOCK RES INC COM NEW COM 205768203 77 3,500 X 300 0 3,200 COMSYS IT PARTNERS INC COM 20581E104 76 7,608 X 7,608 0 0 COMTECH TELE COMMUNICATIONS CORP COM COM 205826209 38 1,000 X 1,000 0 0 COMVERSE TECHNOLOGY INC COM PAR $0.1 COM 205862402 10,622 434,422 X 260,086 2,600 171,736 COMVERSE TECHNOLOGY INC SR DEB CONV BD 205862AJ4 905 923,000 X 615,000 0 308,000 COMVERSE TECHNOLOGY INC ZERO YIELD PUTT BD 205862AL9 9 6,000 X 6,000 0 0 CONAGRA FOODS INC COM 205887102 161,196 5,473,529 X 2,571,722 181,321 2,720,486 CONCEPTUS INC COM 206016107 28 3,500 X 3,500 0 0 CONCORD CAMERA CORP COM 206156101 6 2,800 X 0 0 2,800 CONCORD COMMUNICATIONS INC COM 206186108 435 39,300 X 3,200 2,900 33,200 CONEXANT SYS INC COM 207142100 57 28,469 X 23,291 0 5,178 CONMED CORP COM 207410101 112 3,950 X 1,800 0 2,150 CONNECTICUT WTR SVC INC COM 207797101 658 24,825 X 24,825 0 0 CONNETICS CORP COM 208192104 1,011 41,608 X 1,300 102 40,206 CONOCOPHILLIPS COM 20825C104 139,608 1,607,833 X 533,227 31,998 1,042,608 CONSECO INC NEW COM 208464883 3,330 166,911 X 85,406 0 81,505 CONSECO INC WT EXP SER A 09/0 WT 208464123 301 100,623 X 65,350 0 35,273 CONSOL ENERGY INC COM 20854P109 92,008 2,241,350 X 280,460 19,000 1,941,890 CONSOLIDATED EDISON INC COM 209115104 7,843 179,266 X 146,437 2,072 30,757 CONSOLIDATED GRAPHICS INC COM 209341106 1 20 X 20 0 0 CONSOLIDATED TOMOKA LD CO COM 210226106 4 100 X 100 0 0 CONSTELLATION BRANDS INC COM 21036P108 3,025 65,045 X 60,185 0 4,860 CONSTELLATION BRANDS INC DEPO PFD 21036P306 38 1,000 X 0 0 1,000 CONSTELLATION ENERGY GROUP INC COM 210371100 2,837 64,897 X 45,229 1,500 18,168 CONSUMER PORTFOLIO SVCS INC COM 210502100 73 15,000 X 0 0 15,000 CONTINENTAL AIRLS INC CL B COM 210795308 108 7,990 X 6,790 0 1,200 CONVERA CORP CL A COM 211919105 12 2,500 X 0 0 2,500 CONVERGYS CORP COM 212485106 574 38,290 X 36,620 0 1,670 COOPER CAMERON CORP COM 216640102 5,310 98,679 X 19,550 2,004 77,125 COOPER COS INC NEW COM 216648402 864 12,238 X 1,416 0 10,822 COOPER INDUSTRIES LTD PAYS COM G24182100 2,002 29,485 X 16,994 0 12,491 COOPER TIRE & RUBBER CO COM 216831107 263 12,186 X 8,411 0 3,775 COORS ADOLPH CO CL B COM 217016104 2,148 28,385 X 14,140 0 14,245 COPART INC COM 217204106 506 19,233 X 17,252 0 1,981 CORAUTUS GENETICS INC NEW COM 218139202 36 6,672 X 6,672 0 0 CORCEPT THERAPEUTICS INC COM 218352102 1 100 X 100 0 0 CORE LABORTORIES COM N22717107 2,372 101,575 X 22,600 0 78,975 CORGENTECH INC COM 21872P105 4 514 X 514 0 0 CORINTHIAN COLLEGES INC COM 218868107 31,130 1,651,911 X 485,490 2,000 1,164,421 CORINTHIAN COLLEGES INC CALL COM 21899S9910999 5,000 88,850 CALL X 5,000 CORIXA CORP COM 21887F100 69 19,021 X 3,044 938 15,039 CORN PRODUCTS INTL INC COM 219023108 771 14,386 X 9,761 2,000 2,625
Page 22 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE (IN NAME OF ISSUER TITLE CUSIP THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ------------------------- ----- ------------- ---------- ------------ -------- ---- ------ ------- ---------- ---------- ---------- CORNELL COMPANIES INC COM 219141108 23 1,500 X 1,500 0 0 CORNERSTONE BANCORP INC COM 218925105 399 11,662 X 0 0 11,662 CORNERSTONE RLTY INCOME TR INC COM 21922V102 179 17,900 X 17,400 0 500 CORNING INC COM 219350105 10,977 932,653 X 473,314 23,100 436,239 CORNING INC CONV DEB BD 219350AK1 28 23,000 X 23,000 0 0 CORPORATE EXECUTIVE BRD CO COM 21988R102 1,318 19,695 X 4,117 0 15,578 CORPORATE HIGH YIELD FD III INC COM 219925104 1,105 125,624 X 76,891 0 48,733 CORPORATE HIGH YIELD FD INC COM 219914108 12 1,400 X 1,400 0 0 CORPORATE HIGH YIELD FD V INC COM 219931102 526 33,583 X 22,581 0 11,002 CORPORATE OFFICE PPTYS TR COM 22002T108 234 7,980 X 6,700 0 1,280 CORRECTIONAL PPTYS TR COM 22025E104 16 564 X 364 0 200 CORRECTIONS CORP AMER NEW COM 22025Y407 26 637 X 537 0 100 CORRPRO COS INC COM 220317101 6 5,500 X 0 0 5,500 CORTECH INC NEW COM 22051J308 3 960 X 0 960 0 CORTEX PHARMACEUTICALS INC NEW COM 220524300 9 3,500 X 3,500 0 0 CORUS BANKSHARES INC COM 220873103 99 2,060 X 2,060 0 0 CORUS GROUP PLC SPONS ADR COM 22087M101 2 200 X 200 0 0 CORVEL CORP COM 221006109 8 300 X 300 0 0 COSI INC COM 22122P101 5 850 X 0 0 850 COSINE COMMUNICATIONS INC NEW COM 221222607 0 50 X 50 0 0 COST PLUS INC CALIF COM 221485105 239 7,447 X 1,000 0 6,447 COSTAR GROUP INC COM 22160N109 9 200 X 200 0 0 COSTCO WHOLESALE CALL OPTIONS COM 22199Y9440999 2,000 94,440 CALL X 2,000 COSTCO WHSL CORP NEW COM 22160K105 67,662 13,964,289 X 1,078,548 7,100 12,878,641 COST-U-LESS INC COM 221492101 4 500 X 500 0 0 COUNTRYWIDE CR IND INC COM 222372104 4,248 114,802 X 79,778 2,260 32,764 COUNTRYWIDE FINL CORP CONV SECS ZERO BD 222372AG9 7 4,000 X 4,000 0 0 COURIER CORP COM 222660102 1,577 30,375 X 30,375 0 0 COUSINS PROPERTIES INC COM 222795106 3,335 110,165 X 2,165 0 108,000 COVANCE INC COM 222816100 430 11,098 X 3,218 0 7,880 COVENANT TRANS INC CL A COM 22284P105 2 100 X 100 0 0 COVENTRY HEALTH CARE INC COM 222862104 576 10,858 X 6,469 0 4,389 COX COMMUNICATIONS COM 224044107 59 1,675 X 1,675 COX RADIO INC CL A COM 224051102 139 8,460 X 4,360 0 4,100 CP HOLDRS HOLDING CO DEP RCPT CAN PAC COM 12616K106 497 6,150 X 6,150 0 0 CP SHIPS LTD COM 22409V102 142 9,925 X 6,925 1,250 1,750 CRANE CO COM 224399105 644 22,326 X 12,425 0 9,901 CRAY INC COM 225223106 5 1,100 X 1,100 0 0 CREATIVE TECHNOLOGY LTD COM Y1775U107 578 38,600 X 0 0 38,600 CREDENCE SYS CORP COM 225302108 124 13,520 X 520 0 13,000 CREDICORP LTD COM G2519Y108 588 37,200 X 37,200 0 0 CREDIT SUISSE ASSET MGMT INCOME FD INC COM 224916106 219 49,228 X 31,828 0 17,400 CREDIT SUISSE GROUP SPONSORED ADR COM 225401108 97 2,300 X 2,300 0 0 CREDIT SUISSE HIGH YIELD BD FD COM 22544F103 373 72,814 X 72,814 0 0 CREE INC COM 225447101 12,866 321,018 X 280,374 550 40,094
Page 23 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE (IN NAME OF ISSUER TITLE CUSIP THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ------------------------- ----- ------------- ---------- ------------ -------- ---- ------ ------- ---------- ---------- ---------- CRESCENT FINL CORP COM 225744101 50 3,225 X 3,225 0 0 CRESCENT REAL ESTATE EQUITIES CO PFD PFD 225756204 29 1,300 X 0 0 1,300 CRESCENT REAL ESTATE EQUITIES INC COM 225756105 932 51,029 X 34,529 0 16,500 CRH PLC ADR COM 12626K203 15 545 X 545 0 0 CRIIMI MAE INC COM 226603504 70 4,352 X 852 0 3,500 CRITICAL PATH INC NEW COM 22674V506 92 62,683 X 0 0 62,683 CROMPTON CORP COM 227116100 216 18,287 X 13,972 0 4,315 CROSS A T & CO CL A COM 227478104 10 2,000 X 0 0 2,000 CROSS CTRY HEALTHCARE INC COM 227483104 119 6,600 X 2,700 0 3,900 CROSS TIMBERS RTY TR COM 22757R109 303 7,590 X 7,588 0 2 CROSSROADS SYS INC COM 22765D100 223 151,500 X 0 14,200 137,300 CROSSTEX ENERGY INC COM 22765Y104 3 60 X 60 0 0 CROWN CASTLE INTL CORP COM 228227104 615 36,962 X 31,607 3,000 2,355 CROWN HLDGS INC COM 228368106 264 19,230 X 4,930 0 14,300 CRT PPTYS INC COM 22876P109 236 9,890 X 6,690 0 3,200 CRUCELL N V SPONSORED ADR COM 228769105 10 739 X 739 0 0 CRYOLIFE INC COM 228903100 1 150 X 150 0 0 CSG SYS INTL INC COM 126349109 81 4,310 X 4,110 0 200 CSK AUTO CORP COM 125965103 13 800 X 800 0 0 CSS INDS INC COM 125906107 119 3,750 X 3,750 0 0 CSX CORP COM 126408103 13,042 325,397 X 220,434 22,000 82,963 CT COMMUNICATIONS INC NEW COM 126426402 30 2,468 X 2,468 0 0 CTI INDS CORP NEW COM 125961300 1 396 X 396 0 0 CTI MOLECULAR IMAGING INC COM 22943D105 171 12,020 X 12,020 0 0 CTS CORP COM 126501105 51 3,800 X 3,800 0 0 CUBIC CORP COM 229669106 75 3,000 X 3,000 0 0 CUBIST PHARMACEUTICALS INC COM 229678107 33 2,805 X 1,034 0 1,771 CULLEN FROST BANKERS INC COM 229899109 16,876 347,250 X 278,440 4,000 64,810 CUMMINS INC COM 231021106 289 3,447 X 2,727 0 720 CUMULUS MEDIA INC CL A COM 231082108 21 1,382 X 1,210 0 172 CUNO INC COM 126583103 1,215 20,450 X 18,467 1,233 750 CURAGEN CORP COM 23126R101 74 10,350 X 10,000 0 350 CURIS INC COM 231269101 3 572 X 572 0 0 CURTISS WRIGHT CORP COM 231561101 6 100 X 100 0 0 CURTISS WRIGHT CORP CL B COM 231561408 482 8,576 X 8,308 0 268 CUTTER & BUCK INC COM 232217109 34 2,300 X 0 0 2,300 CV THERAPEUTICS INC COM 126667104 44 1,898 X 1,825 0 73 CVB FINL CORP COM 126600105 321 12,089 X 8,236 0 3,853 CVS CORP COM 126650100 15,449 342,771 X 221,370 25,700 95,701 CVS CORP CALL OPTION COM 12Z99B9710999 3,000 135,750 CALL X 3,000 CVS CORP CALL OPTIONS COM 12Z99B9890999 3,000 135,750 CALL X 3,000 CYANOTECH CORP COM 232437202 0 200 X 200 0 0 CYBERGUARD CORP COM 231910100 0 18 X 18 0 0 CYBERONICS INC COM 23251P102 294 14,200 X 2,200 0 12,000 CYMER INC COM 232572107 53 1,801 X 1,660 0 141
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MARKET VALUE (IN NAME OF ISSUER TITLE CUSIP THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ------------------------- ----- ------------- ---------- ------------ -------- ---- ------ ------- ---------- ---------- ---------- CYPRESS BIOSCIENCES INC COM 232674507 1,989 141,500 X 141,500 0 0 CYPRESS SEMICONDUCTOR CORP COM 232806109 495 42,210 X 23,226 0 18,984 CYTEC INDS INC COM 232820100 620 12,060 X 6,024 684 5,352 CYTOGEN CORP NEW COM 232824300 1 100 X 0 0 100 CYTYC CORP COM 232946103 508 18,413 X 17,919 0 494 D & E COMMUNICATIONS INC COM 232860106 49 4,061 X 700 0 3,361 D R HORTON INC COM 23331A109 1,939 48,090 X 35,271 0 12,819 DADE BEHRING HLDGS INC COM 23342J206 49 872 X 672 0 200 DAIMLERCHRYSLER AG COM D1668R123 534 11,123 X 3,656 0 7,467 DANA CORP COM 235811106 1,299 74,956 X 61,030 0 13,926 DANAHER CORP COM 235851102 143,223 2,494,739 X 1,711,054 63,200 720,485 DANIELSON HLDG CORP COM 236274106 5 600 X 0 0 600 DANKA BUSINESS SYS PLC SPONSORED ADR COM 236277109 1 300 X 300 0 0 DARDEN RESTAURANTS INC COM 237194105 3,979 143,440 X 86,028 0 57,412 DASSAULT SYS S A SPONSORED ADR COM 237545108 56 1,100 X 0 0 1,100 DATASCOPE CORP COM 238113104 445 11,200 X 700 0 10,500 DATAWATCH CORP COM 237917208 40 7,600 X 7,600 0 0 DAVE & BUSTERS INC COM 23833N104 55 2,700 X 2,100 0 600 DAVITA INC COM 23918K108 718 18,166 X 12,475 0 5,691 DEAN FOODS CO NEW COM 242370104 148,727 4,513,718 X 1,202,322 51,550 3,259,846 DEBT STRATEGIES FD INC NEW COM 24276Q109 590 84,301 X 24,224 8,477 51,600 DECKERS OUTDOOR CORP COM 243537107 1,787 38,030 X 1,530 0 36,500 DECODE GENETICS INC COM 243586104 394 50,477 X 35,477 0 15,000 DEERE & CO COM 244199105 6,399 86,010 X 63,789 6,300 15,921 DEL MONTE FOODS CO COM 24522P103 1,318 119,643 X 49,182 11,705 58,756 DELAWARE GROUP DIVID & INCOME FD INC COM 245915103 17 1,423 X 1,423 0 0 DELAWARE INVTS MINN MUN INCOME FD II I COM 24610V103 41 2,413 X 2,413 0 0 DELAWARE INVTS MINN MUN INCOME FD III COM 24610W101 53 3,439 X 3,439 0 0 DELCATH SYS INC COM 24661P104 28 9,316 X 9,316 0 0 DELL INC COM 24702R101 178,576 4,237,680 X 3,009,370 58,955 1,169,355 DELPHI CORP COM 247126105 2,477 274,665 X 75,127 14,544 184,994 DELPHI FINL GROUP INC CLA COM 247131105 93 2,007 X 850 0 1,157 DELTA & PINE LD CO COM 247357106 108 3,943 X 3,943 0 0 DELTA AIR LINES INC COM 247361108 131,400 17,566,833 X 25,999 0 17,540,834 DELTA PETE CORP NEW COM 247907207 113 7,225 X 0 0 7,225 DELTIC TIMBER CORP COM 247850100 106 2,500 X 1,280 0 1,220 DELUXE CORP COM 248019101 82,863 2,219,749 X 599,335 4,624 1,615,790 DENBURY RES INC NEW COM 247916208 262 9,530 X 480 0 9,050 DENDREON CORP COM 24823Q107 99 9,161 X 9,161 0 0 DENDRITE INTL INC COM 248239105 17,758 915,375 X 281,075 0 634,300 DENTSPLY INTL INC NEW COM 249030107 15,109 268,842 X 128,142 93,670 47,030 DEPARTMENT 56 INC COM 249509100 315 18,938 X 17,938 0 1,000 DESCARTES SYS GROUP INC COM 249906108 210 105,200 X 0 7,400 97,800 DESIGN WITHIN REACH INC COM 250557105 437 30,000 X 30,000 0 0 DEUTSCHE BANK AG COM D18190898 1,685 18,933 X 4,647 0 14,286
Page 25 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE (IN NAME OF ISSUER TITLE CUSIP THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ------------------------- ----- ------------- ---------- ------------ -------- ---- ------ ------- ---------- ---------- ----------- DEUTSCHE TELEKOM AG SPONSORED ADR COM 251566105 470 20,741 X 10,542 5,000 5,199 DEVELOPERS DIVERSIFIED RLTY CORP COM 251591103 1,968 44,346 X 30,222 6,800 7,324 DEVON ENERGY CORP NEW COM 25179M103 285,591 7,337,901 X 2,862,440 294,096 4,181,365 DEVON ENERGY CORPORATIOIN NEW DEB CONV BD 25179MAA1 251 228,000 X 0 228,000 0 DEVRY INC DEL COM 251893103 380 21,899 X 9,820 1,700 10,379 DEX MEDIA INC COM 25212E100 5 200 X 200 0 0 DIAGEO PLC SPONSORED ADR NEW COM 25243Q205 1,418 24,507 X 15,072 0 9,435 DIAGNOSTIC PRODUCTS CORP COM 252450101 142 2,577 X 2,038 0 539 DIAMOND OFFSHORE DRILLING INC COM 25271C102 6,709 167,510 X 37,785 0 129,725 DIAMONDCLUSTER INTL INC CL A COM 25278P106 14 1,000 X 1,000 0 0 DIAMONDS TR UNIT SER 1 EXCH COM 252787106 9,319 86,684 X 84,458 0 2,226 DICKS SPORTING GOODS INC COM 253393102 12,824 364,833 X 288,083 0 76,750 DIEBOLD INC COM 253651103 76,870 1,379,321 X 626,734 164,556 588,031 DIGENE CORP COM 253752109 110 4,225 X 1,100 0 3,125 DIGI INTL INC COM 253798102 1,039 60,430 X 18,430 0 42,000 DIGIMARC CORP COM 253807101 23 2,500 X 2,500 0 0 DIGITAL IMPACT INC DEL COM 25385G106 54 38,000 X 0 0 38,000 DIGITAL INSIGHT CORP COM 25385P106 553 30,032 X 30,032 0 0 DIGITAL RIV INC COM 25388B104 35 843 X 40 0 803 DIGITAL THEATER SYS INC COM 25389G102 25 1,250 X 1,250 0 0 DIGITAS INC COM 25388K104 4,283 448,488 X 265,188 0 183,300 DILLARDS INC CLASS A COM 254067101 20,697 770,269 X 384,342 18,900 367,027 DIME BANCORP INC NEW LITIGATION TRAC WT 25429Q110 20 103,449 X 8,182 0 95,267 DIME COMMUNITY BANCORP INC COM 253922108 71 3,987 X 3,687 0 300 DIMON INC COM 254394109 5,118 761,633 X 761,493 0 140 DIODES INC COM 254543101 7 300 X 300 0 0 DIONEX CORP COM 254546104 137 2,424 X 2,100 0 324 DIRECT GEN CORP COM 25456W204 3 100 X 100 0 0 DIRECTV GROUP INC COM 25459L106 4,562,380 272,543,361 X 272,345,730 3,204 194,697 DISCOVERY LABORATORIES INC NEW COM 254668106 278 35,112 X 7,140 0 27,972 DISCOVERY PARTNERS INTL INC COM 254675101 1 124 X 124 0 0 DISNEY WALT CO COM 254687106 168,365 6,056,302 X 4,425,290 409,766 1,221,246 DISNEY WALT CO CALL OPTION COM 2.54687E+12 1,000 27,400 CALL X 1,000 DISNEY WALT CO SR NT CONV BD 254687AU0 10 9,000 X 9,000 0 0 DITECH COMMUNICATIONS CORP COM 25500M103 555 37,109 X 0 0 37,109 DIVERSA CORP COM 255064107 11 1,253 X 686 0 567 DIXIE GROUP INC SUB DEB CONV BD 255519AA8 80 84,000 X 36,000 0 48,000 DJ ORTHOPEDICS INC COM 23325G104 2 100 X 100 0 0 DNP SELECT INCOME FD INC COM 23325P104 338 28,345 X 28,345 0 0 DOCUCORP INTL INC COM 255911109 10 1,000 X 1,000 0 0 DOCUMENT SCIENCES CORP COM 25614R105 282 57,800 X 0 0 57,800 DOLLAR GENERAL CORP COM 256669102 1,622 78,092 X 58,864 0 19,228 DOLLAR THRIFTY AUTOMOTIVE GROUP INC COM 256743105 30 990 X 820 0 170 DOLLAR TREE STORES INC COM 256747106 2,578 89,621 X 50,230 0 39,391 DOMINION HOMES INC COM 257386102 3 100 X 100 0 0
Page 26 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE (IN NAME OF ISSUER TITLE CUSIP THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ------------------------ -------- ------------ ---------- ------------ -------- ---- ------ ------- ---------- ---------- ---------- DOMINION RES BLACK WARRIOR TR COM 25746Q108 63 1,750 X 1,750 0 0 DOMINION RES INC VA NEW COM 25746U109 55,191 814,743 X 543,283 92,882 178,578 DOMINOS PIZZA INC COM 25754A201 9 500 X 500 0 0 DONALDSON COMPANY INC COM 257651109 10,581 324,772 X 266,288 26,400 32,084 DONEGAL GROUP INC CL A COM 257701201 34 1,500 X 0 0 1,500 DONNELLEY R R & SONS CO COM 257867101 57,020 1,615,757 X 982,541 46,325 586,891 DORAL FINL CORP COM 25811P100 3,914 79,466 X 69,427 0 10,039 DORCHESTER MINERALS L P UNITS COM 25820R105 4,595 192,100 X 113,395 42,588 36,117 DOUBLECLICK INC COM 258609304 44 5,670 X 3,660 0 2,010 DOVER CORP COM 260003108 41,376 986,571 X 549,185 38,200 399,186 DOVER DOWNS GAMING & ENTMT INC COM 260095104 7 500 X 500 0 0 DOVER MOTORSPORTS INC COM 260174107 1 200 X 200 0 0 DOW CHEMICAL CO COM 260543103 67,715 1,367,712 X 778,134 87,101 502,477 DOW JONES & CO INC COM 260561105 117,944 2,739,054 X 1,756,467 32,800 949,787 DOW JONES & CO INC - CLASS B CLASS B 260561204 166,514 3,700,311 X 2,825,366 62,000 812,945 DOWNEY FINL CORP COM 261018105 67 1,173 X 420 0 753 DPL INC COM 233293109 1,981 78,873 X 55,800 0 23,073 DR REDDYS LABS LTD ADR REPSTG 1/2 SH COM 256135203 89 4,500 X 3,000 0 1,500 DRAXIS HEALTH INC COM 26150J101 5 1,000 X 1,000 0 0 DREAMWORKS ANIMATION INC CL A COM 26153C103 21 550 X 450 0 100 DRESS BARN INC COM 261570105 7,435 422,428 X 188,402 6,675 227,351 DREW INDS INC COM NEW COM 26168L205 90 2,500 X 2,000 0 500 DREYERS GRAND ICE CREAM HLDGS INC CL A COM 261877104 322 4,000 X 1,500 0 2,500 DREYFUS MUN INCOME INC COM 26201R102 5 500 X 500 0 0 DREYFUS STRATEGIC MUNS INC COM 261932107 33 3,893 X 0 0 3,893 DRIL-QUIP INC COM 262037104 8 310 X 310 0 0 DRS TECHNOLOGIES INC COM 23330X100 201 4,707 X 2,207 0 2,500 DRUGSTORE COM INC COM 262241102 2 700 X 600 0 100 DSL.NET INC COM 262506108 13 57,937 X 57,937 0 0 DSP GROUP INC COM 23332B106 47 2,110 X 1,800 0 310 DST SYS INC DEL COM 233326107 2,973 57,048 X 55,878 0 1,170 DTE ENERGY CO COM 233331107 1,871 43,385 X 39,089 173 4,123 DTF TAX-FREE INCOME INC COM 23334J107 277 17,718 X 17,718 0 0 DU PONT DE NEMOURS EI CO COM 263534109 317,127 6,465,381 X 4,346,170 555,001 1,564,210 DUCOMMUN INC DEL COM 264147109 60 2,900 X 400 0 2,500 DUFF & PHELPS UTIL & CORPORATE BD TR I COM 26432K108 204 13,895 X 13,895 0 0 DUKE ENERGY CO COM 264399106 81,204 3,205,853 X 1,407,351 105,723 1,692,779 DUKE REALTY CORP NEW COM 264411505 32,159 941,975 X 536,956 33,565 371,454 DUN & BRADSTREET CORP DEL NEW COM 26483E100 4,810 80,633 X 18,529 6,350 55,754 DUPONT PHOTOMASKS INC COM 26613X101 127 4,790 X 4,790 0 0 DUQUESNE LT HLDGS INC COM 266233105 258 13,694 X 10,094 0 3,600 DURATEK INC COM 26658Q102 12 500 X 500 0 0 DYAX CORP COM 26746E103 23 3,245 X 3,245 0 0 DYCOM INDS INC COM 267475101 816 26,735 X 10,460 0 16,275 DYNAMEX INC COM 26784F103 7 400 X 400 0 0
Page 27 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE (IN NAME OF ISSUER TITLE CUSIP THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ------------------------- ----- ------------- ---------- ------------ -------- ---- ------ ------- ---------- ---------- ---------- DYNEGY INC NEW CL A COM 26816Q101 145 31,450 X 12,150 0 19,300 E M C CORP MASS COM 268648102 45,286 3,045,444 X 2,071,634 84,470 889,340 E ON AG SPONSORED ADR COM 268780103 680 7,471 X 1,465 0 6,006 E TRADE GROUP INC COM 269246104 16,548 1,106,891 X 388,639 0 718,252 E.PIPHANY INC COM 26881V100 27 5,600 X 5,500 0 100 EAGLE BANCORP INC MD COM 268948106 292 14,225 X 4,500 0 9,725 EAGLE BROADBAND INC COM 269437109 353 535,000 X 535,000 0 0 EAGLE HOSPITALITY PPTYS TR INC COM 26959T102 82 8,000 X 8,000 0 0 EAGLE MATLS INC COM 26969P108 416 4,821 X 1,478 1,474 1,869 EAGLE MATLS INC CL B COM 26969P207 36,997 438,869 X 23,735 1,264 413,870 EARTHLINK INC COM 270321102 65 5,650 X 5,350 0 300 EAST WEST BANCORP INC COM 27579R104 81 1,941 X 1,741 0 200 EASTERN AMERN NAT GAS TR SPERS RCPT COM 276217106 177 7,000 X 7,000 0 0 EASTERN CO COM 276317104 255 12,750 X 0 0 12,750 EASTGROUP PPTYS INC COM 277276101 499 13,020 X 12,020 1,000 0 EASTMAN CHEM CO COM 277432100 22,150 383,680 X 238,742 2,724 142,214 EASTMAN KODAK CO COM 277461109 78,637 2,438,351 X 1,585,829 92,532 759,990 EASTMAN KODAK CO CALL OPTION COM 2774629R00999 2,500 80,875 CALL X 2,500 EASTMAN KODAK CO CALL OPTION COM 2774629S80999 3,500 113,225 CALL X 3,500 EASTMAN KODAK CO SR NT CONV BD 277461BE8 8 6,000 X 6,000 0 0 EATON CORP COM 278058102 3,935 54,377 X 44,017 0 10,360 EATON VANCE CALIF MUN INCOME TR SH BEN COM 27826F101 15 1,000 X 1,000 0 0 EATON VANCE CORP COM 278265103 2,882 55,260 X 7,665 0 47,595 EATON VANCE INSD MUN BD FD COM 27827X101 14 1,000 X 1,000 0 0 EATON VANCE LTD DURATION INCOME FD COM 27828H105 110 5,835 X 750 0 5,085 EATON VANCE MASS MUN INCOME TR SH BEN COM 27826E104 122 7,027 X 7,027 0 0 EATON VANCE MUN INCOME TR SH BEN INT COM 27826U108 333 20,310 X 20,310 0 0 EATON VANCE SR INCOME TR SH BEN INT COM 27826S103 123 14,086 X 12,086 0 2,000 EATON VANCE TAX- ADVANTAGED DIVID INCO COM 27828G107 15 679 X 679 0 0 EBAY INC COM 278642103 33,596 288,769 X 95,107 1,770 191,892 ECHELON CORP COM 27874N105 496 58,799 X 37,132 0 21,667 ECHOSTAR COMMUNICATIONS CORP CL A NEW COM 278762109 17,190 516,990 X 398,140 0 118,850 ECLIPSYS CORP COM 278856109 29 1,400 X 700 0 700 ECOLAB INC COM 278865100 100,744 2,867,737 X 1,543,985 764,936 558,816 EDAP TMS S A SPONSORED ADR COM 268311107 11 2,800 X 0 0 2,800 EDGAR ONLINE INC COM 279765101 100 65,050 X 65,050 0 0 EDGE PETE CORP DEL COM 279862106 7 489 X 489 0 0 EDISON INTL COM 281020107 4,125 128,780 X 112,544 0 16,236 EDO CORP COM 281347104 70 2,200 X 2,200 0 0 EDUCATION MGMT CORP COM 28139T101 216 6,559 X 2,200 0 4,359 EDWARDS A G INC COM 281760108 8,548 197,834 X 112,429 42,794 42,611 EDWARDS LIFESCIENCES CORP COM 28176E108 598 14,492 X 5,210 1,501 7,781 EFUNDS CORP COM 28224R101 201 8,392 X 8,292 0 100 EGL INC COM 268484102 71 2,367 X 2,230 0 137 EL PASO CORP COM 28336L109 53,257 5,120,872 X 3,006,464 118,445 1,995,963
Page 28 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE (IN NAME OF ISSUER TITLE CUSIP THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ------------------------- ----- ------------- ---------- ------------ -------- ---- ------ ------- ---------- ---------- ---------- EL PASO CORP ZERO CPN CONV DEB BD 28336LAC3 868 1,650,000 X 850,000 0 800,000 EL PASO ELEC CO NEW COM 283677854 71 3,760 X 3,380 0 380 EL PASO ENERGY CAP TR I PFD CONV TR S PFD 283678209 27,408 746,811 X 436,351 17,988 292,472 ELAN PLC ADR REPRESENTING SHS COM 284131208 2,927 107,423 X 91,823 600 15,000 ELDORADO GOLD CORP NEW COM 284902103 30 10,000 X 0 0 10,000 ELECTRO SCIENTIFIC INDUSTRIES INC COM 285229100 429 21,706 X 16,306 0 5,400 ELECTROGLAS INC COM 285324109 28 6,000 X 6,000 0 0 ELECTRONIC ARTS INC COM 285512109 34,790 564,034 X 240,366 7,450 316,218 ELECTRONIC DATA SYS CORP NEW COM 285661104 46,819 2,026,785 X 901,780 24,209 1,100,796 ELECTRONIC DATA SYS CORP NEW SR NT CONV BD 285661AF1 3 3,000 X 3,000 0 0 ELECTRONIC DATA SYS CORP NEW ZERO CPN BD 285661AB0 80 100,000 X 0 0 100,000 ELECTRONICS BOUTIQUE HLDGS CORP COM 286045109 9 200 X 200 0 0 ELECTRONICS FOR IMAGING INC COM 286082102 127 7,280 X 2,230 0 5,050 ELIZABETH ARDEN INC COM 28660G106 55 2,300 X 0 0 2,300 ELK CORP COM 287456107 644 18,832 X 200 0 18,632 EMBARCADERO TECHNOLOGIES INC COM 290787100 1,403 149,050 X 149,050 0 0 EMBRAER-EMPRESA BRASILEIRA DE AERO COM 29081M102 87,327 2,611,465 X 707,605 0 1,903,860 EMBREX INC COM 290817105 24 1,800 X 1,800 0 0 EMC INS GROUP INC COM 268664109 15 700 X 0 0 700 EMCOR GROUP INC COM 29084Q100 162 3,594 X 200 0 3,394 EMCORE CORP COM 290846104 7 2,000 X 2,000 0 0 EMERGE INTERACTIVE INC CL A COM 29088W103 48 30,000 X 30,000 0 0 EMERSON ELEC CO COM 291011104 170,899 2,438,435 X 1,837,275 108,126 493,034 EMISPHERE TECHNOLOGIES INC COM 291345106 85 21,100 X 5,100 0 16,000 EMMIS COMMUNICATIONS CORP CL A COM 291525103 21 1,120 X 400 0 720 EMPIRE DISTRICT ELECTRIC CO COM 291641108 330 14,570 X 5,530 0 9,040 EMS TECHNOLOGIES INC COM 26873N108 453 27,241 X 2,741 1,300 23,200 EMULEX CORP COM 292475209 2,103 124,873 X 7,985 0 116,888 ENBRIDGE ENERGY MGMT L L C COM 29250X103 124 2,527 X 797 0 1,730 ENBRIDGE ENERGY PARTNERS L P COM 29250R106 7,637 148,085 X 83,510 11,500 53,075 ENCANA CORP COM 292505104 12,556 220,043 X 185,151 7,840 27,052 ENCORE ACQUISITION CO COM 29255W100 161 4,600 X 4,600 0 0 ENCORE CAP GROUP INC COM 292554102 6 250 X 0 0 250 ENCORE MED CORP COM 29256E109 957 140,900 X 0 0 140,900 ENCORE WIRE CORP COM 292562105 6 450 X 450 0 0 ENCYSIVE PHARMACEUTICALS INC COM 29256X107 144 14,485 X 14,485 0 0 ENDEAVOUR INTL CORP COM 29259G101 2,514 600,000 X 0 0 600,000 ENDESA S A SPONSORED ADR COM 29258N107 985 42,320 X 12,285 0 30,035 ENDO PHARMACEUTICALS HLDGS INC COM 29264F205 230 10,970 X 1,970 0 9,000 ENDOLOGIX INC COM 29266S106 173 25,200 X 0 2,400 22,800 ENDURANCE SPECIALTY HOLDINGS LTD SHS COM G30397106 37 1,090 X 0 0 1,090 ENDWAVE CORP NEW COM 29264A206 20 1,149 X 0 0 1,149 ENEL SOCIETA PER AZIONI ADR COM 29265W108 1,969 39,825 X 11,125 0 28,700 ENERGEN CORP COM 29265N108 1,433 24,309 X 2,900 0 21,409 ENERGIZER HLDGS INC COM 29266R108 514 10,351 X 7,461 0 2,890
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MARKET VALUE (IN NAME OF ISSUER TITLE CUSIP THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ------------------------- ----- ------------- ---------- ------------ -------- ---- ------ ------- ---------- ---------- ---------- ENERGY CONVERSION DEVICES INC COM 292659109 272 14,100 X 8,800 0 5,300 ENERGY EAST CORP COM 29266M109 1,916 71,795 X 39,559 1,260 30,976 ENERGY PARTNERS LTD COM 29270U105 113 5,574 X 5,574 0 0 ENERGY TRANSFER PARTNERS L P UNIT LTD COM 29273R109 841 14,200 X 10,900 0 3,300 ENERGYSOUTH INC COM 292970100 12,597 449,258 X 2,096 0 447,162 ENERPLUS RES FD TR UNIT SER G NEW COM 29274D604 2,979 82,048 X 53,487 7,500 21,061 ENGELHARD CORP COM 292845104 1,972 64,300 X 19,334 0 44,966 ENGINEERED SUPPORT SYS INC COM 292866100 178 3,000 X 300 0 2,700 ENI S P A SPONSORED ADR COM 26874R108 988 7,851 X 1,575 0 6,276 ENNIS BUSINESS FORMS INC COM 293389102 1,424 73,950 X 31,875 0 42,075 ENPRO INDS INC COM 29355X107 2,012 68,026 X 1,906 0 66,120 ENSCO INTL INC COM 26874Q100 726 22,885 X 17,461 0 5,424 ENSTAR GROUP INC GA COM 29358R107 625 10,000 X 0 0 10,000 ENTEGRIS INC COM 29362U104 92 9,210 X 9,210 0 0 ENTERASYS NETWORKS INC COM 293637104 128 71,025 X 70,825 0 200 ENTERCOM COMMUNICATIONS CORP COM 293639100 96 2,682 X 640 0 2,042 ENTERGY CORP NEW COM 29364G103 21,177 313,319 X 275,126 8,900 29,293 ENTERPRISE PRODS PARTNERS L P COM 293792107 20,722 801,320 X 419,866 46,115 335,339 ENTERTAINMENT PPTYS TR COM SH BEN INT COM 29380T105 460 10,320 X 9,060 0 1,260 ENTRAVISION COMMUNICATIONS CORP CL A COM 29382R107 38 4,600 X 4,600 0 0 ENTREMED INC COM 29382F103 13 4,000 X 3,500 0 500 ENTRUST INC COM 293848107 4 1,100 X 500 0 600 ENTRX CORP COM 293850103 0 5 X 5 0 0 ENZO BIOCHEM INC COM 294100102 410 21,042 X 19,828 0 1,214 ENZON INC COM 293904108 344 25,045 X 25,045 0 0 EOG RES INC COM 26875P101 5,812 81,450 X 57,066 0 24,384 EON LABS INC COM 29412E100 36 1,330 X 1,310 0 20 EP MEDSYSTEMS INC COM 26881P103 1 200 X 200 0 0 EPICOR SOFTWARE CORP COM 29426L108 97 6,890 X 2,890 0 4,000 EPIMMUNE INC COM 29425Y101 72 43,500 X 43,500 0 0 EPIQ SYS INC COM 26882D109 13 900 X 900 0 0 EQUIFAX INC COM 294429105 4,672 166,251 X 21,851 0 144,400 EQUINIX INC NEW COM 29444U502 8 176 X 176 0 0 EQUITABLE RESOURCES INC COM 294549100 2,219 36,584 X 13,210 0 23,374 EQUITY INCOME FD UNIT FIRSTEXCH UIT 294700703 477 5,544 X 4,734 300 510 EQUITY INNS INC COM 294703103 119 10,100 X 8,600 0 1,500 EQUITY LIFESTYLE PPTYS INC COM 29472R108 83 2,319 X 2,319 0 0 EQUITY OFFICE PPTYS TR COM 294741103 23,010 790,189 X 535,214 7,493 247,482 EQUITY ONE INC COM 294752100 235 9,915 X 7,505 0 2,410 EQUITY RESIDENTIAL PFD CONV PFD 29476L842 52 1,000 X 1,000 0 0 EQUITY RESIDENTIAL SH BEN INT COM 29476L107 21,975 607,384 X 269,404 49,400 288,580 ERICSSON L M TEL CO ADR CL B SEK COM 294821608 1,937 61,525 X 36,913 0 24,612 ERIE INDTY CO CL A COM 29530P102 78 1,480 X 1,460 0 20 ESCALADE INC COM 296056104 43 3,200 X 0 0 3,200 ESCO TECHNOLOGIES INC COM 296315104 345 4,500 X 2,800 0 1,700
Page 30 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE (IN NAME OF ISSUER TITLE CUSIP THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ------------------------- ----- ------------- ---------- ------------ -------- ---- ------ ------- ---------- ---------- ---------- ESPEED INC CL A COM 296643109 21 1,700 X 1,700 0 0 ESPIRITO SANTO FINL HLDG S A SPON COM 29665F200 48 1,844 X 1,844 0 0 ESS TECHNOLOGY INC COM 269151106 18 2,491 X 1,291 0 1,200 ESSEX PPTY TR INC COM 297178105 16 186 X 186 0 0 ESTERLINE TECHNOLOGIES CORP COM 297425100 2,526 77,375 X 3,675 0 73,700 ETABLISSEMENTS DELHAIZE FRERES ET CIE COM 29759W101 521 6,872 X 6,872 0 0 ETHAN ALLEN INTERIORS INC COM 297602104 2,434 60,815 X 20,290 500 40,025 EURONET SVCS INC COM 298736109 75 2,900 X 2,900 0 0 EUROPE FD INC COM 29874M103 0 - X 0 0 0 EVEREST RE GROUP LTD COM G3223R108 93 1,037 X 560 0 477 EVERGREEN INCOME ADVANTAGE FD SHS COM 30023Y105 16 1,000 X 1,000 0 0 EVERGREEN SOLAR INC COM 30033R108 31 7,000 X 7,000 0 0 EXAR CORP COM 300645108 37 2,600 X 2,600 0 0 EXCEL TECHNOLOGY INC COM 30067T103 191 7,345 X 4,220 0 3,125 EXELIXIS INC COM 30161Q104 286 30,135 X 2,700 4,472 22,963 EXELON CORP COM 30161N101 24,381 553,232 X 299,769 1,000 252,463 EXIDE TECHNOLOGIES NEW COM 302051206 6 400 X 0 0 400 EXPEDITORS INTL WASH INC COM 302130109 16,745 299,668 X 99,282 3,310 197,076 EXPRESS SCRIPTS INC CL A COM 302182100 1,935 25,316 X 20,496 4,200 620 EXPRESSJET HLDGS INC COM 30218U108 356 27,650 X 7,500 0 20,150 EXTREME NETWORKS INC COM 30226D106 60 9,160 X 9,160 0 0 EXXON MOBIL CORP COM 30231G102 1,901,294 37,091,172 X 21,594,111 2,321,123 13,175,938 EXXON MOBIL CORP CALL OPTION COM 30099L7Q90999 3,000 148,470 CALL X 3,000 EXXON MOBIL CORP CALL OPTION COM 30099L8880999 29,100 1,440,159 CALL X 29,100 EXXON MOBIL CORP CALL OPTION COM 30099L7N60999 360,000 17,816,400 CALL X 360,000 EXXON MOBIL CORP CALL OPTION COM 30099L7R70999 3,100 153,419 CALL X 3,100 EXXON MOBIL CORP CALL OPTION COM 30099L7V80999 5,000 247,450 CALL X 5,000 EXXON MOBIL CORP CALL OPTION COM 30099L8E50999 10,700 529,543 CALL X 10,700 EXXON MOBIL CORP CALL OPTIONS COM 30099L7140999 2,600 128,674 CALL X 2,600 EXXON MOBIL CORP CALL OPTIONS COM 30099L7W60999 900 44,541 CALL X 900 EXXON MOBIL CORP CALL OPTIONS COM 30099L7X40999 800 39,592 CALL X 800 EXXON MOBIL CORP CALL OPTIONS COM 30099L8L90999 1,000 49,490 CALL X 1,000 EXXON MOBIL CORP PUT OPTION COM 30099L7M80999 360,000 17,816,400 PUT X 360,000 EXXON MOBIL CORP PUT OPTIONS COM 30099L7220999 1,000 49,490 PUT X 1,000 EXXON MOBIL CORP PUT OPTIONS COM 30099L7890999 700 34,643 PUT X 700 EXXON MOBIL CORP PUT OPTIONS COM 30099L7970999 10,700 529,543 PUT X 10,700 EYETECH PHARMACEUTICALS INC COM 302297106 64 1,410 X 800 0 610 F N B CORP PA COM 302520101 333 16,350 X 2,602 0 13,748 FAIR ISAAC & CO INC COM 303250104 5,148 140,360 X 118,443 690 21,227 FAIRCHILD SEMICONDUCTOR INTL INC CL A COM 303726103 610 37,488 X 37,118 0 370 FAIRFAX FINANCIAL HOLDING LTD COM 303901102 18 106 X 0 0 106 FAIRMONT HOTELS RESORTS INC COM 305204109 171 4,925 X 2,850 1,250 825 FALCON FINL INVT TR COM 306032103 1 74 X 74 0 0 FALCONSTOR SOFTWARE INC COM 306137100 300 31,300 X 1,600 4,000 25,700 FAMILY DOLLAR STORES INC COM 307000109 1,100 35,215 X 27,345 0 7,870
Page 31 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE (IN NAME OF ISSUER TITLE CUSIP THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ------------------------- ----- ------------- ---------- ------------ -------- ---- ------ ------- ---------- ---------- ---------- FANNIE MAE COM 313586109 271 3,809 X 3,809 FEDDERS CORP COM 313135501 5 1,430 X 1,430 FEDERAL NATL MTG ASSN CALL OPTION COM 32599G9480999 4,000 279,200 CALL X 4,000 FEDEX CORP COM 31428X106 118 1,200 X 1,200 0 0 FEI CO COM 30241L109 14,198 676,090 X 544,715 2,300 129,075 FIDELITY BANKSHARES INC NEW COM 31604Q107 87 2,030 X 2,030 0 0 FIDELITY NATL FINL INC COM 316326107 2,118 46,366 X 31,880 0 14,486 FIFTH THIRD BANCORP COM 316773100 59,949 1,267,413 X 1,166,179 2,390 98,844 FILENET CORP COM 316869106 30 1,150 X 1,150 0 0 FINANCIAL FED CORP COM 317492106 4 100 X 100 0 0 FINDWHAT COM COM 317794105 27 1,500 X 0 0 1,500 FINISH LINE INC CL A COM 317923100 2,086 114,000 X 5,400 0 108,600 FINLAY ENTERPRISES INC NEW COM 317884203 36 1,800 X 200 0 1,600 FIRST AMERICAN CORPORATION COM 318522307 455 12,941 X 11,741 0 1,200 FIRST BANCORP N C COM 318910106 73 2,700 X 2,700 0 0 FIRST BANCORP P R COM 318672102 108 1,700 X 1,600 0 100 FIRST BUSEY CORP COM 319383105 6 300 X 0 0 300 FIRST CHARTER CORP COM 319439105 39 1,480 X 1,200 0 280 FIRST COMMUNITY BANCSHARES INC COM 31983A103 4 100 X 100 0 0 FIRST COMWLTH FINL CORP COM 319829107 67 4,325 X 4,325 0 0 FIRST CTZNS BANCSHARES INC N C CL A COM 31946M103 3,094 20,869 X 12,025 0 8,844 FIRST DATA CORP COM 319963104 112,868 2,653,233 X 2,051,373 50,507 551,353 FIRST FINL BANCORP COM 320209109 33 1,900 X 1,900 0 0 FIRST FINL BANKSHARES INC COM 32020R109 5 110 X 110 0 0 FIRST FINL CORP IND COM 320218100 42 1,192 X 1,192 0 0 FIRST FINL FD INC COM 320228109 19 900 X 900 0 0 FIRST FINL HLDGS INC COM 320239106 151 4,600 X 4,400 0 200 FIRST HEALTH GROUP CORP COM 320960107 349 18,637 X 17,450 0 1,187 FIRST HORIZON NATL CORP COM 320517105 2,966 68,795 X 51,240 0 17,555 FIRST HORIZON PHARMACEUTICAL CORP COM 32051K106 2,887 126,110 X 2,600 0 123,510 FIRST IND CORP COM 32054R108 5 230 X 30 0 200 FIRST INDL RLTY TR INC COM 32054K103 2,557 62,771 X 36,971 0 25,800 FIRST ISRAEL FD INC COM 32063L100 15 1,000 X 1,000 0 0 FIRST LONG IS CORP COM 320734106 32 625 X 625 0 0 FIRST MARBLEHEAD CORP COM 320771108 69 1,230 X 1,220 0 10 FIRST MERCHANTS CORP COM 320817109 1,315 46,456 X 46,456 0 0 FIRST MIDWEST BANCORP INC DEL COM 320867104 136 3,755 X 2,655 0 1,100 FIRST NATL BANKSHARES FLA INC NEW COM 321100109 59 2,463 X 2,463 0 0 FIRST NATL LINCOLN CORP ME COM 335716106 21 1,200 X 1,200 0 0 FIRST NIAGARA FINL GROUP INC NEW COM 33582V108 35 2,489 X 2,089 0 400 FIRST PL FINL CORP DEL COM 33610T109 1 50 X 50 0 0 FIRST REPUBLIC BANK COM 336158100 1,578 29,771 X 28,671 0 1,100 FIRST SOURCE CORP COM 336901103 13 500 X 500 0 0 FIRST ST BANCORPORATION COM 336453105 19 520 X 520 0 0 FIRST UNION REAL ESTATE EQUITY & MTG COM 337400105 75 20,000 X 0 0 20,000
Page 32 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE (IN NAME OF ISSUER TITLE CUSIP THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ------------------------- ----- ------------- ---------- ------------ -------- ---- ------ ------- ---------- ---------- ----------- FIRST W VA BANCORP INC COM 337493100 18 734 X 0 0 734 FIRSTCITY FINL CORP COM 33761X107 20 2,000 X 0 0 2,000 FIRSTENERGY CORP COM 337932107 2,883 72,990 X 38,859 360 33,771 FIRSTFED FINL CORP DEL COM 337907109 21 400 X 400 0 0 FIRSTMERIT CORP COM 337915102 2,478 86,994 X 33,376 4,100 49,518 FIRSTSERVICE CORP SUB VTG SH COM 33761N109 20 1,200 X 0 0 1,200 FISERV INC COM 337738108 7,408 184,316 X 151,311 0 33,005 FISHER COS INC COM 337756209 39 800 X 800 0 0 FISHER SCIENTIFIC INTL INC NEW COM 338032204 1,743 27,938 X 7,878 0 20,060 FIVE STAR QUALITY CARE INC COM 33832D106 16 1,937 X 17 0 1,920 FLAG FINL CORP COM 33832H107 2 100 X 100 0 0 FLAGSTAR BANCORP INC COM 337930101 39 1,738 X 1,738 0 0 FLAHERTY & CRUMRINE PFD INCOME OPPO COM 33848E106 343 25,414 X 17,414 0 8,000 FLAHERTY & CRUMRINE PFD INCOME FD INC COM 338480106 113 6,206 X 6,206 0 0 FLEETWOOD ENTERPRISES INC COM 339099103 41 3,050 X 3,050 0 0 FLEXTRONICS INTL LTD COM Y2573F102 15,166 1,097,369 X 1,054,203 4,550 38,616 FLEXTRONICS INTL LTD LONG COM 33939C9930999 40,500 526,500 CALL X 40,500 FLIR SYS INC COM 302445101 2,067 32,400 X 28,300 0 4,100 FLORIDA EAST COAST INDUSTRIES INC COM 340632108 2,069 45,865 X 40,689 0 5,176 FLORIDA ROCK INDUSTRIES INC COM 341140101 2,470 41,500 X 3,960 0 37,540 FLOWERS FOODS INC COM 343498101 1,600 50,674 X 50,544 0 130 FLOWSERVE CORP COM 34354P105 186 6,760 X 6,560 0 200 FLUOR CORP (NEW)-WI COM 343412102 7,253 133,067 X 45,829 2,000 85,238 FLUOR CORP NEW SR NT CONV BD 343412AA0 25 22,000 X 22,000 0 0 FLUSHING FINL CORP COM 343873105 50 2,477 X 2,177 0 300 FLYI INC COM 34407T104 4 2,200 X 2,200 0 0 FMC CORP COM NEW COM 302491303 105 2,165 X 1,645 0 520 FMC TECHNOLOGIES INC COM 30249U101 221 6,869 X 1,476 0 5,393 FNB FINL SVCS CORP COM 302526108 146 6,415 X 0 0 6,415 FOMENTO ECONOMICO MEXICANO S A DE C V COM 344419106 74 1,400 X 1,400 0 0 FONAR CORP COM 344437108 62 39,775 X 0 0 39,775 FOOT LOCKER INC COM 344849104 597 22,174 X 12,924 0 9,250 FOOTHILL INDPT BANCORP COM 344905104 750 31,944 X 31,539 0 405 FORD MTR CO CAP TR II CONV PFD PFD 345395206 97,061 1,838,624 X 526,622 11,720 1,300,282 FORD MTR CO DEL COM 345370860 6,852 468,040 X 314,061 14,501 139,478 FORDING CDN COAL TR TR UNIT COM 345425102 309 4,001 X 900 2,174 927 FOREST CITY ENTERPRISES INC CLAS COM 345550107 4,657 80,917 X 4,999 21,500 54,418 FOREST LABORATORIES INC COM 345838106 16,883 376,346 X 230,598 2,050 143,698 FOREST OIL CORP COM 346091705 224 7,068 X 1,368 0 5,700 FORMFACTOR INC COM 346375108 43 1,600 X 1,600 0 0 FORRESTER RESH INC COM 346563109 17,613 981,750 X 275,850 0 705,900 FORTUNE BRANDS INC COM 349631101 62,075 804,285 X 495,404 80,458 228,423 FORTUNE BRANDS INC PF D CONV $2.67 PFD 349631200 0 1 X 1 0 0 FORWARD AIR CORP COM 349853101 55 1,230 X 1,130 0 100 FOSSIL INC COM 349882100 25,652 1,000,471 X 263,619 49,575 687,277
Page 33 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE (IN NAME OF ISSUER TITLE CUSIP THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ------------------------- ----- ------------- ---------- ------------ -------- ---- ------ ------- ---------- ---------- ---------- FOUNDATION COAL HLDGS INC COM 35039W100 16,534 717,000 X 0 0 717,000 FOUNDRY NETWORKS INC COM 35063R100 596 45,320 X 43,200 0 2,120 FOUR SEASONS HOTELS INC SUB VTG SH COM 35100E104 395 4,834 X 2,173 0 2,661 FOX ENTMT GROUP INC CL A COM 35138T107 913 29,213 X 16,768 0 12,445 FOXHOLLOW TECHNOLOGI COM 35166A103 61 2,500 X 2,500 FPL GROUP INC COM 302571104 37,877 506,724 X 354,000 32,426 120,298 FRANCE TELECOM SPONSORED ADR COM 35177Q105 393 11,871 X 0 0 11,871 FRANKLIN BK CORP DEL COM 352451108 5 300 X 300 0 0 FRANKLIN ELEC CO INC COM 353514102 52 1,235 X 785 0 450 FRANKLIN RES INC COM 354613101 24,020 344,864 X 296,597 0 48,267 FREDDIE MAC COM 313400301 147 2,000 X 2,000 FREDS INC CL A COM 356108100 99 5,675 X 600 0 5,075 FREEPORT-MCMORAN COPPER & GOLD INC CL B COM 35671D857 66,316 1,734,664 X 898,124 141,111 695,429 FREEPORT-MCMORAN COPPER & GOLD INC SR N BD 35671DAK1 983 655,000 X 595,000 30,000 30,000 FREESCALE SEMICONDUCTOR INC CL A COM 35687M107 412 23,127 X 1,627 0 21,500 FREESCALE SEMICONDUCTOR INC CL B COM 35687M206 3,742 203,803 X 136,510 7,150 60,143 FREMONT GENERAL CORP COM 357288109 396 15,736 X 10,036 0 5,700 FREQUENCY ELECTRONICS INC COM 358010106 45 3,000 X 0 0 3,000 FRESENIUS MED CARE AKTI COM 358029106 55 2,054 X 1,426 0 628 FRESH DEL MONTE PRODUCE INC COM G36738105 27 905 X 905 0 0 FRIEDMAN BILLINGS RAMSEY GROUP INC NEW COM 358434108 81,945 4,226,145 X 1,310,165 10,200 2,905,780 FRONTIER AIRLS INC NEW COM 359065109 63 5,500 X 5,500 0 0 FRONTIER FINL CORP WASH CDT COM 35907K105 8 200 X 120 0 80 FRONTIER OIL CORP COM 35914P105 90 3,365 X 1,590 0 1,775 FRONTLINE LTD SHS PAYS COM G3682E127 33 750 X 250 0 500 FSI INTL INC COM 302633102 117 25,000 X 0 0 25,000 FTI CONSULTING INC COM 302941109 31 1,470 X 1,470 0 0 FUELCELL ENERGY INC COM 35952H106 824 83,225 X 67,425 15,000 800 FUEL-TECH N V COM 359523107 117 25,000 X 0 25,000 0 FUJI PHOTO FILM CO LTD ADR 2 ORD COM 359586302 54 1,450 X 1,055 0 395 FULLER H B CO COM 359694106 1,853 64,996 X 63,987 0 1,009 FULTON FINANCIAL CORP PA COM 360271100 1,068 45,817 X 8,439 0 37,378 FURNITURE BRANDS INTL INC COM 360921100 16,171 645,546 X 397,780 15,900 231,866 G & K SVCS INC COM 361268105 1,300 29,932 X 25,507 0 4,425 GABELLI ASSET MGMT INC CL A COM 36239Y102 49 1,010 X 970 0 40 GABELLI CONV SECS FD INC COM 36240B109 59 6,400 X 3,900 0 2,500 GABELLI EQUITY TR INC COM 362397101 75 8,279 X 2,966 0 5,313 GABELLI GLOBAL MULTIMEDIA TR INC COM 36239Q109 4 334 X 334 0 0 GABLES RESIDENTIAL TR SH BEN INT COM 362418105 301 8,410 X 4,910 0 3,500 GALLAGHER ARTHUR J & CO COM 363576109 1,055 32,449 X 16,199 0 16,250 GALLAHER GROUP PLC SPONSORED ADR COM 363595109 3,989 65,698 X 16,446 4,508 44,744 GAMESTOP CORP CL A COM 36466R101 259 11,575 X 200 0 11,375 GAMESTOP CORP CL B COM 36466R200 159 7,110 X 5,945 0 1,165 GANDER MTN CO COM 36471P108 40 3,080 X 3,080 0 0 GANNETT CO INC COM 364730101 62,096 760,043 X 619,050 15,128 125,865
Page 34 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE (IN NAME OF ISSUER TITLE CUSIP THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ------------------------- ----- ------------- ---------- ------------ -------- ---- ------ ------- ---------- ---------- ---------- GAP INC COM 364760108 7,154 338,733 X 194,852 2,800 141,081 GAP INC SR NT CONV BD 364760AJ7 8 6,000 X 6,000 0 0 GARDNER DENVER MACHY INC COM 365558105 133 3,675 X 775 0 2,900 GARMIN CORP COM G37260109 103 1,700 X 1,200 0 500 GARTNER GROUP INC NEW CL A COM 366651107 55 4,400 X 4,400 0 0 GARTNER GROUP INC NEW CL B COM 366651206 3 221 X 0 0 221 GATEWAY INC COM 367626108 131 21,798 X 21,198 0 600 GATX CORP COM 361448103 1,195 40,418 X 17,493 650 22,275 GAYLORD ENTMT CO NEW COM 367905106 2,144 51,616 X 50 0 51,566 GB&T BANCSHARES INC COM 361462104 5 220 X 20 0 200 GEAC COMPUTER LTD COM 368289104 31 4,200 X 0 0 4,200 GEHL CO COM 368483103 47 2,000 X 2,000 0 0 GEMSTAR-TV GUIDE INTL INC COM 36866W106 117 19,834 X 18,944 0 890 GENAERA CORP COM 36867G100 1 400 X 400 0 0 GENCORP INC COM 368682100 99 5,308 X 2,100 0 3,208 GENENTECH INC NEW COM 368710406 66,054 1,213,344 X 686,008 76,550 450,786 GENERAL AMERICAN INVESTORS CO INC COM 368802104 3,838 122,534 X 18,655 36,116 67,763 GENERAL BEARING CORP COM 369147103 384 76,761 X 76,761 0 0 GENERAL CABLE CORP COM 369300108 464 33,498 X 1,608 0 31,890 GENERAL COMMUNICATION INC CL A COM 369385109 1,007 91,229 X 14,129 0 77,100 GENERAL DYNAMICS CORP COM 369550108 52,988 506,575 X 290,977 15,990 199,608 GENERAL DYNAMICS CORP CALL OPTION COM 3.69552E+12 1,500 148,905 CALL X 1,500 GENERAL ELEC CO CALL OPTION COM 37399I8H70999 10,640 520,985 CALL X 10,640 GENERAL ELEC CO CALL OPTIONS COM 37399I7U90999 9,500 341,335 CALL X 9,500 GENERAL ELEC CO PUT OPTION COM 37399I7T20999 13,000 467,090 PUT X 13,000 GENERAL ELECTRIC CO COM 369604103 1,430,160 39,182,445 X 25,761,975 2,753,814 10,666,656 GENERAL GROWTH PPTYS INC COM 370021107 6,506 179,921 X 37,755 0 142,166 GENERAL MARITIME CORP COM Y2692M103 1,598 40,000 X 0 0 40,000 GENERAL MILLS INC COM 370334104 79,665 1,602,594 X 1,183,596 63,283 355,715 GENERAL MLS INC SR DEB CONV ZERO CPN BD 370334AU8 23 33,000 X 33,000 0 0 GENERAL MOTORS CORP COM 370442105 11,586 289,209 X 167,045 26,560 95,604 GENERAL MTRS CORP CONV PFD 5.250 PFD 370442741 25 1,000 X 1,000 0 0 GENERAL MTRS CORP CONVERTIBLE PFD PFD 370442733 831 36,005 X 10,505 0 25,500 GENERAL MTRS CORP CVT PFD SUBJ PFD 370442717 2,540 95,270 X 65,870 0 29,400 GENESCO INC COM 371532102 19 600 X 400 0 200 GENESEE & WYO INC CL A COM 371559105 14 500 X 500 0 0 GENESIS ENERGY L P UNIT LTD PART COM 371927104 176 14,000 X 14,000 0 0 GENESIS MICROCHIP INC DEL COM 37184C103 18 1,100 X 1,100 0 0 GENITOPE CORP COM 37229P507 68 3,973 X 2,572 0 1,401 GENLYTE GROUP INC COM 372302109 48 565 X 535 0 30 GEN-PROBE INC NEW COM 36866T103 138 3,061 X 2,941 0 120 GENTA INC NEW COM 37245M207 11 6,000 X 3,000 2,000 1,000 GENTEK INC NEW COM 37245X203 36 800 X 0 0 800 GENTEX CORP COM 371901109 26,077 704,415 X 562,604 2,550 139,261 GENTIVA HEALTH SVCS INC COM 37247A102 18 1,057 X 1,057 0 0
Page 35 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE (IN NAME OF ISSUER TITLE CUSIP THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ------------------------- ----- ------------- ---------- ------------ -------- ---- ------ ------- ---------- ---------- ----------- GENUINE PARTS CO COM 372460105 11,502 261,055 X 167,987 800 92,268 GENWORTH FINL INC CL A COM 37247D106 871 32,264 X 2,244 0 30,020 GENZYME CORP COM 372917104 25,089 432,045 X 236,294 27,950 167,801 GENZYME CORP SR NT CONV BD 372917AN4 7 7,000 X 7,000 0 0 GEO GROUP INC COM 36159R103 3 95 X 95 0 0 GEORGIA GULF CORP COM PAR $0.01 COM 373200203 5,762 115,700 X 115,600 0 100 GEORGIA PACIFIC CORP COM 373298108 101,759 2,715,032 X 548,199 8,900 2,157,933 GERBER SCIENTIFIC INC COM 373730100 31 4,018 X 4,018 0 0 GERMAN AMERN BANCORP COM 373865104 27 1,700 X 1,700 0 0 GERMANY FD INC COM 374143105 58 7,180 X 7,180 0 0 GERON CORP COM 374163103 405 50,768 X 43,768 0 7,000 GETTY IMAGES INC COM 374276103 2,136 31,028 X 22,713 0 8,315 GETTY RLTY CORP NEW COM 374297109 279 9,700 X 3,600 0 6,100 GIANT INDS INC COM 374508109 1 40 X 40 0 0 GIBRALTAR INDS INC COM 374689107 503 21,300 X 0 0 21,300 GILEAD SCIENCES INC COM 375558103 34,969 999,401 X 393,403 25,800 580,198 GILLETTE CO COM 375766102 151,516 3,383,554 X 2,333,269 332,174 718,111 GIVEN IMAGING COM M52020100 11 300 X 300 0 0 GLACIER BANCORP INC NEW COM 37637Q105 20 597 X 597 0 0 GLACIER WTR SVCS INC COM 376395109 67 2,500 X 0 0 2,500 GLADSTONE CAP CORP COM 376535100 127 5,350 X 5,150 0 200 GLATFELTER COM 377316104 357 23,366 X 10,960 5,000 7,406 GLAXOSMITHKLINE PLC SPONSORED ADR COM 37733W105 25,929 547,136 X 299,934 5,900 241,302 GLENAYRE TECHNOLOGIES INC COM 377899109 560 256,800 X 0 17,100 239,700 GLENBOROUGH RLTY TR INC COM 37803P105 217 10,185 X 9,885 0 300 GLENBOROUGH RLTY TR INC PFD CONV @7.7 PFD 37803P204 23 900 X 0 0 900 GLIMCHER RLTY TR SH BEN INT COM 379302102 984 35,520 X 11,220 0 24,300 GLOBAL CROSSING LTD COM G3921A175 0 - X 0 0 0 GLOBAL HIGH INCOME DLR FD INC COM 37933G108 69 3,521 X 3,071 0 450 GLOBAL IMAGING SYS INC COM 37934A100 217 5,500 X 5,500 0 0 GLOBAL INDS LTD COM 379336100 11 1,300 X 900 0 400 GLOBAL PMTS INC COM 37940X102 2,603 44,467 X 2,755 0 41,712 GLOBAL PWR EQUIP GROUP INC COM 37941P108 15 1,500 X 1,500 0 0 GLOBAL SIGNAL INC COM 37944Q103 55 2,000 X 0 0 2,000 GLOBALSANTAFE CORPORATION SHS COM G3930E101 12,970 391,730 X 193,980 24,400 173,350 GMH CMNTYS TR COM 36188G102 1,445 102,475 X 2,475 0 100,000 GOL LINHAS AEREAS INTELIGENTES SPON COM 38045R107 39,353 1,234,400 X 86,300 0 1,148,100 GOLAR LNG LIMITED PAYS COM G9456A100 476 31,945 X 31,945 0 0 GOLD BANC CORP INC COM 379907108 48 3,300 X 3,300 0 0 GOLD FIELDS LTD SP ADR COM 38059T106 3,256 260,900 X 22,700 0 238,200 GOLDCORP INC NEW COM 380956409 22,648 1,505,852 X 834,502 78,700 592,650 GOLDEN TELECOM INC COM 38122G107 3 100 X 100 0 0 GOLDEN WEST FINL CORP DEL COM 381317106 13,016 211,915 X 139,365 0 72,550 GOLDMAN SACHS GROUP INC USD0 COM 38141G104 118,068 1,134,830 X 630,543 22,810 481,477 GOLDMAN SACHS GROUP INC PUT COM 38299H9V60999 5,000 519,000 PUT X 5,000
Page 36 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE (IN NAME OF ISSUER TITLE CUSIP THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ------------------------- ----- ------------- ---------- ------------ -------- ---- ------ ------- ---------- ---------- ---------- GOLDMAN SACHS GROUP INC PUT COM 38299H9W40999 5,000 519,000 PUT X 5,000 GOOD TIMES RESTAURANTS INC PAR $0.0 COM 382140887 82 27,100 X 0 8,500 18,600 GOODRICH B F CO COM 382388106 4,586 140,491 X 86,649 0 53,842 GOODRICH PETE CORP NEW COM 382410405 16 1,000 X 1,000 0 0 GOODYEAR TIRE & RUBBER CO COM 382550101 177 12,103 X 8,193 0 3,910 GOODYS FAMILY CLOTHING INC COM 382588101 35 3,800 X 0 0 3,800 GOOGLE INC CL A COM 38259P508 1,086 5,635 X 1,209 0 4,426 GOVERNMENT PPTYS TR INC COM 38374W107 56 5,700 X 0 0 5,700 GRACE W R & CO DEL NEW COM 38388F108 47 3,417 X 3,217 0 200 GRACO INC COM 384109104 14,163 379,197 X 15,799 0 363,398 GRAFTECH INTL LTD COM 384313102 6 600 X 600 0 0 GRAINGER W W INC COM 384802104 59,395 891,543 X 429,157 73,828 388,558 GRAMERCY CAP CORP COM 384871109 4 200 X 0 0 200 GRANITE CONSTR INC COM 387328107 142 5,350 X 3,950 0 1,400 GRANT PRIDECO INC COM 38821G101 1,318 65,744 X 14,815 0 50,929 GRAPHIC PACKAGING CORP DEL COM 388688103 55 7,605 X 0 0 7,605 GRAY TELEVISION INC COM 389375106 80 5,147 X 5,000 0 147 GRAY TELEVISION INC CL A COM 389375205 11 757 X 0 0 757 GREAT AMERN FINL RES INC COM 389915109 9 522 X 500 0 22 GREAT LAKES CHEMICAL CORP COM 390568103 158 5,560 X 5,300 0 260 GREAT NORTHERN IRON ORE PROPERTIES CBI COM 391064102 140 1,200 X 1,000 0 200 GREAT PLAINS ENERGY INC COM 391164100 1,237 40,866 X 31,166 1,200 8,500 GREATER BAY BANCORP COM 391648102 797 28,600 X 28,600 0 0 GREATER CHINA FD INC COM 39167B102 8,567 543,941 X 284,141 143,300 116,500 GREATER CMNTY BANCORP COM 39167M108 69 4,231 X 4,231 0 0 GREEN MTN COFFEE INC COM 393122106 25 1,000 X 600 0 400 GREENBRIER COS INC COM 393657101 200 5,900 X 5,900 0 0 GREENE CNTY BANCSHARES INC NEW COM 394361208 3 100 X 100 0 0 GREENFIELD ONLINE INC COM 395150105 466 21,200 X 0 0 21,200 GREENMAN TECHNOLOGIES INC NEW COM 395379308 3 1,900 X 1,900 0 0 GREIF BROS CORP CL A COM 397624107 56 1,000 X 1,000 0 0 GREY WOLF INC COM 397888108 15,623 2,964,503 X 2,958,703 5,000 800 GRIFFON CORP COM 398433102 73,135 2,708,700 X 225,130 2,483,570 0 GROUP 1 AUTOMOTIVE INC COM 398905109 158 5,000 X 4,100 0 900 GROUPE DANONE SPONSORED ADR COM 399449107 113 6,110 X 6,110 0 0 GRUPO AEROPORTUARIO DEL SURESTE S A DE COM 40051E202 3,845 140,600 X 11,000 0 129,600 GRUPO RADIO CENTRO S A DE C V SPON COM 40049C102 3 497 X 0 0 497 GRUPO TELEVISA SA DE CV SPON COM 40049J206 333 5,510 X 35 0 5,475 GRUPO TMM S A DE C V SPONSORED ADR REPS COM 40051D105 68 18,700 X 0 0 18,700 GSE SYS INC COM 36227K106 17 6,189 X 0 0 6,189 GTECH HLDGS CORP COM 400518106 203 7,838 X 5,978 0 1,860 GTX INC DEL COM 40052B108 425 31,500 X 0 2,200 29,300 GUESS INC COM 401617105 15 1,170 X 700 0 470 GUIDANT CORP COM 401698105 88,832 1,232,072 X 800,265 30,208 401,599 GUIDANT CORP CALL OPTIONS COM 40299Q9L40999 2,500 179,425 CALL X 2,500
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MARKET VALUE (IN NAME OF ISSUER TITLE CUSIP THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ------------------------- ----- ------------- ---------- ------------ -------- ---- ------ ------- ---------- ---------- ---------- GUILFORD PHARMACEUTICALS INC COM 401829106 1 245 X 245 0 0 GUITAR CTR INC COM 402040109 18 350 X 250 0 100 GULF IS FABRICATION INC COM 402307102 74 3,400 X 3,400 0 0 GULFMARK OFFSHORE INC COM 402629109 118 5,300 X 5,300 0 0 GYMBOREE CORP COM 403777105 22 1,700 X 0 0 1,700 H & Q HEALTHCARE FD SH BEN INT COM 404052102 468 25,629 X 5,041 0 20,588 H & Q LIFE SCIENCES INVS SH BEN INT COM 404053100 0 5 X 5 0 0 HAEMONETICS CORP MASS COM 405024100 141 3,900 X 500 0 3,400 HAIN CELESTIAL GROUP INC COM 405217100 8,757 423,680 X 306,676 3,300 113,704 HALLIBURTON CO COM 406216101 15,041 383,319 X 151,020 7,500 224,799 HANCOCK FABRICS INC COM 409900107 52 5,000 X 5,000 0 0 HANCOCK HLDG CO COM 410120109 7 200 X 200 0 0 HANCOCK JOHN BK & THRIFT OPPO COM 409735107 170 15,735 X 193 0 15,542 HANCOCK JOHN INCOME SECS TST SBI COM 410123103 2 100 X 100 0 0 HANCOCK JOHN INVS TR SH BEN INT COM 410142103 13 600 X 100 0 500 HANCOCK JOHN PATRIOT PFD DIVID FD COM 41013J107 21 1,500 X 1,500 0 0 HANCOCK JOHN PATRIOT PREM DIVID FD I COM 41013Q101 148 14,800 X 14,800 0 0 HANCOCK JOHN PFD INCOME FD II COM 41013X106 138 5,500 X 5,500 0 0 HANCOCK JOHN PFD INCOME FD SH BEN INT COM 41013W108 304 12,228 X 12,228 0 0 HANDLEMAN CO COM 410252100 4 200 X 200 0 0 HANGER ORTHOPEDIC GROUP INC COM 41043F208 26 3,175 X 3,175 0 0 HANMI FINANCIAL CORPORATION COM 410495105 140 3,900 X 3,900 0 0 HANOVER COMPRESSOR CO COM 410768105 135 9,550 X 6,920 0 2,630 HANSON PLC NEW SPONSORED ADR COM 411349103 24 551 X 118 0 433 HARBOR FLA BANCSHARES INC COM 411901101 37 1,060 X 860 0 200 HARLAND JOHN H CO COM 412693103 181 5,000 X 5,000 0 0 HARLEY DAVIDSON INC COM 412822108 56,209 925,243 X 682,866 26,250 216,127 HARLEYSVILLE GROUP INC COM 412824104 98 4,100 X 4,100 0 0 HARLEYSVILLE NATL CORP PA COM 412850109 13 505 X 205 0 300 HARLEYSVILLE SVGS FINL CORP COM 412865107 21 700 X 0 0 700 HARMAN INTL INDS INC NEW COM 413086109 176,892 1,392,849 X 58,330 0 1,334,519 HARMONIC INC COM 413160102 25 3,010 X 3,010 0 0 HARMONY GOLD MNG LTD SPONSORED ADR COM 413216300 60 6,520 X 1,370 0 5,150 HARRAHS ENTMT INC COM 413619107 1,126 16,837 X 14,622 0 2,215 HARRIS & HARRIS GROUP INC COM 413833104 141 8,600 X 8,600 0 0 HARRIS CORP DEL COM 413875105 159,983 2,589,138 X 523,763 2,400 2,062,975 HARRIS INTERACTIVE INC COM 414549105 15 1,900 X 1,900 0 0 HARSCO CORP COM 415864107 635 11,389 X 10,129 0 1,260 HARTE-HANKS COMMUNICATIONS INC NEW COM 416196103 1,639 63,100 X 6,769 2,100 54,231 HARTFORD FINL SVCS GROUP INC COM 416515104 57,352 827,463 X 591,298 36,517 199,648 HARTMARX CORP COM 417119104 40 5,190 X 5,190 0 0 HARVEST NAT RES INC COM 41754V103 48 2,800 X 2,800 0 0 HASBRO INC COM 418056107 1,029 53,084 X 37,112 0 15,972 HASBRO INC SR DEB CONV BD 418056AN7 3 3,000 X 3,000 0 0 HAVERTY FURNITURE COS INC COM 419596101 37 2,000 X 2,000 0 0
Page 38 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE (IN SHARES PUT/ SOLE SHAR NAME OF ISSUER TITLE CUSIP THOUSANDS) OWNED CALL SOLE SHARED MANAGER VOTE VOTE NO VOTE ------------------------------- ----- ---------- ---------- --------- ---- ---- ------ ------- --------- ------- --------- HAWAIIAN ELEC INDS INC COM 419870100 736 25,246 X 14,946 0 10,300 HAWKINS INC COM 420261109 14 1,222 X 0 0 1,222 HAYES LEMMERZ INTL INC NEW COM 420781304 42 4,764 X 4,764 0 0 HCA-HEALTHCARE CO COM 404119109 98,483 2,464,533 X 869,699 18,589 1,576,245 HCC INS HLDGS INC COM 404132102 465 14,047 X 7,105 0 6,942 HCC INS HLDGS INC NT CONV BD 404132AB8 43 40,000 X 40,000 0 0 HDFC BK LTD ADR REPSTG 3 SHS COM 40415F101 154 3,400 X 400 0 3,000 HEADWATERS INCORPORATED COM 42210P102 2,206 77,410 X 3,910 0 73,500 HEALTH CARE PPTY INVS INC COM 421915109 2,443 88,224 X 73,204 7,628 7,392 HEALTH CARE REIT INC COM 42217K106 552 14,477 X 6,547 0 7,930 HEALTH MGMT ASSOC INC NEW CONV BD 421933AD4 2 2,000 X 2,000 0 0 HEALTH MGMT ASSOC INC NEW CL A COM 421933102 71,114 3,130,027 X 1,571,432 83,167 1,475,428 HEALTH NET INC COM 42222G108 550 19,045 X 7,825 0 11,220 HEALTHCARE RLTY TR COM 421946104 15,083 370,601 X 110,946 26,100 233,555 HEALTHCARE SERVICES GROUP INC COM 421906108 27 1,305 X 0 0 1,305 HEALTHEXTRAS INC COM 422211102 69 4,225 X 0 0 4,225 HEALTHTRONICS SURGICAL SVCS INC COM 42222L107 26 2,400 X 0 0 2,400 HEARST-ARGYLE TELEVISION INC COM 422317107 533 20,190 X 17,080 0 3,110 HEARTLAND EXPRESS INC COM 422347104 1,943 86,471 X 4,200 0 82,271 HEARTLAND FINL USA INC COM 42234Q102 4 200 X 200 0 0 HEARUSA INC NEW COM 422360305 120 73,000 X 0 73,000 0 HECLA MINING CO COM 422704106 62 10,670 X 5,670 0 5,000 HECTOR COMMUNICATION CORP COM 422730101 24 1,100 X 1,100 0 0 HEICO CORP NEW COM 422806109 14 600 X 400 0 200 HEIDRICK & STRUGGLES INTL INC COM 422819102 1,621 47,303 X 2,450 0 44,853 HEINZ H J CO COM 423074103 21,442 549,939 X 300,469 41,130 208,340 HEINZ H J CO 3RD PFD CONV $1.70 PFD 423074509 1 2 X 0 0 2 HELEN OF TROY LTD-NEW COM G4388N106 103 3,079 X 2,079 0 1,000 HELIX TECHNOLOGY CORP COM 423319102 110 6,300 X 6,300 0 0 HELMERICH & PAYNE INC COM 423452101 15,206 446,706 X 129,359 3,100 314,247 HENRY JACK & ASSOC INC COM 426281101 493 24,741 X 7,200 0 17,541 HERCULES INC COM 427056106 254 17,101 X 7,221 0 9,880 HERITAGE PPTY INVT TR INC COM 42725M107 3,197 99,628 X 728 0 98,900 HERLEY INDS INC DEL COM 427398102 2 115 X 115 0 0 HERSHEY FOODS CORP COM 427866108 15,423 277,697 X 198,997 6,000 72,700 HEWITT ASSOCS INC COM 42822Q100 298 9,295 X 2,120 0 7,175 HEWLETT PACKARD CO COM 428236103 141,568 6,750,938 X 4,699,847 399,564 1,651,527 HEXCEL CORP NEW COM 428291108 10 691 X 691 0 0 HI / FN INC COM 428358105 2,642 286,600 X 217,700 4,100 64,800 HIBBETT SPORTING GOODS INC COM 428565105 12,342 463,825 X 258,788 18,550 186,487 HIBERNIA CORP CLASS A COM 428656102 4,196 142,204 X 58,147 13,000 71,057 HIGH INCOME OPPORTUNITY FD INC COM 42967Q105 652 97,090 X 73,890 0 23,200 HIGH YIELD INCOME FD INC COM 429904105 545 90,200 X 90,200 0 0 HIGH YIELD PLUS FD INC COM 429906100 1 300 X 300 0 0 HIGHLAND HOSPITALITY CORP COM 430141101 34 3,000 X 0 0 3,000
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MARKET VALUE (IN SHARES PUT/ SOLE SHAR NAME OF ISSUER TITLE CUSIP THOUSANDS) OWNED CALL SOLE SHARED MANAGER VOTE VOTE NO VOTE ------------------------------- ----- ------------- ---------- --------- ---- ---- ------ ------- --------- ------ --------- HIGHWOODS PPTYS INC COM 431284108 230 8,310 X 7,650 0 660 HILB ROGAL & HAMILTON CO COM 431294107 1,570 43,325 X 43,119 0 206 HILLENBRAND INDUSTRIES INC COM 431573104 44,212 796,035 X 789,494 0 6,541 HILTON HOTELS CORP COM 432848109 1,830 80,468 X 50,873 0 29,595 HITACHI LTD ADR 10 COM 433578507 112 1,616 X 1,201 0 415 HI-TECH PHARMACAL INC COM 42840B101 92 5,000 X 5,000 0 0 HMS HLDGS CORP COM COM 40425J101 77 8,500 X 6,000 0 2,500 HNI CORP COM 404251100 371 8,610 X 6,800 0 1,810 HOLLINGER INTL INC CL A COM 435569108 87 5,570 X 5,500 0 70 HOLLIS-EDEN PHARMACEUTICALS INC COM 435902101 0 20 X 0 0 20 HOLLY CORP COM PAR $0.01 NEW COM 435758305 301 10,792 X 10,792 0 0 HOLLY ENERGY PARTNERS L P COM 435763107 131 3,800 X 2,300 0 1,500 HOLLYWOOD ENTMT CORP COM 436141105 8 600 X 600 0 0 HOLOGIC INC COM 436440101 698 25,400 X 500 0 24,900 HOME DEPOT INC COM 437076102 252,185 5,900,442 X 3,926,119 330,656 1,643,667 HOME PPTYS N Y INC COM 437306103 3,510 81,625 X 19,725 0 61,900 HOMEBANC CORP GA COM 43738R109 30 3,120 X 3,120 0 0 HOMESTORE.COM INC COM 437852106 136 44,945 X 1,345 4,500 39,100 HONDA MOTOR CO LTD ADR COM 438128308 5,987 229,740 X 74,540 600 154,600 HONEYWELL INTL INC COM 438516106 246,002 6,947,235 X 616,258 54,031 6,276,946 HONEYWELL INTL INC CALL OPTION COM 43799U9590999 1,000 34,570 CALL X 1,000 HOOKER FURNITURE CORP COM 439038100 1 40 X 0 0 40 HOOPER HOLMES INC COM 439104100 190 32,080 X 6,900 0 25,180 HORACE MANN EDUCATORS CORP COM 440327104 312 16,366 X 16,066 0 300 HORIZON FINL CORP WASH COM 44041F105 23 1,100 X 1,100 0 0 HORMEL FOODS CORP COM 440452100 456 14,545 X 5,845 0 8,700 HORNBECK OFFSHORE SVCS INC NEW COM 440543106 1,930 100,000 X 0 0 100,000 HOSPIRA INC COM 441060100 11,339 338,476 X 174,653 15,174 148,649 HOSPITALITY PPTYS TR SH BEN INT COM 44106M102 10,465 227,500 X 120,475 32,400 74,625 HOST MARRIOTT CORP NEW COM 44107P104 28,303 1,636,021 X 32,158 0 1,603,863 HOT TOPIC INC COM 441339108 29 1,700 X 1,000 0 700 HOUSEVALUES INC COM 44183Y102 10 670 X 670 0 0 HOUSTON EXPL CO COM 442120101 34 602 X 602 0 0 HOVNANIAN ENTERPRISES INC CL A COM 442487203 151 3,048 X 2,948 0 100 HRPT PPTYS TR SH BEN INT COM 40426W101 1,857 144,754 X 44,116 71,400 29,238 HSBC HLDGS PLC SPONSORED ADR NEW COM 404280406 27,232 319,851 X 178,047 17,071 124,733 HUANENG PWR INTL INC SPONSORED ADR SER COM 443304100 789 26,270 X 3,025 1,400 21,845 HUBBELL INC CL A COM 443510102 10 200 X 200 0 0 HUBBELL INC CL B COM 443510201 28,390 542,819 X 275,092 19,750 247,977 HUDSON CITY BANCORP INC COM 443683107 48 1,300 X 1,100 0 200 HUDSON HIGHLAND GROUP INC COM 443792106 2,382 82,721 X 50,121 8,000 24,600 HUDSON RIV BANCORP INC COM 444128102 16 800 X 500 0 300 HUDSON UNITED BANCORP COM 444165104 5,848 148,499 X 25,098 0 123,401 HUGHES SUPPLY INC COM 444482103 4,570 141,276 X 3,976 0 137,300 HUGOTON RTY TR TEX UNIT BEN INT COM 444717102 886 33,800 X 33,800 0 0
Page 40 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE (IN SHARES PUT/ SOLE SHAR NAME OF ISSUER TITLE CUSIP THOUSANDS) OWNED CALL SOLE SHARED MANAGER VOTE VOTE NO VOTE ------------------------------- ----- ------------- ---------- --------- ---- ---- ------ ------- --------- ------- --------- HUMAN GENOME SCIENCES INC COM 444903108 4,008 333,434 X 181,544 12,800 139,090 HUMAN GENOME SCIENCES INC SUB NT CONV BD 444903AH1 2,769 2,855,000 X 2,010,000 0 845,000 HUMANA INC COM 444859102 1,033 34,792 X 28,382 1,450 4,960 HUMMINGBIRD LTD COM 44544R101 41 1,537 X 37 0 1,500 HUNT J B TRANS SVCS INC COM 445658107 27 610 X 490 0 120 HUNTINGTON BANCSHARES INC COM 446150104 2,163 87,448 X 33,912 20,487 33,049 HUTCHINSON TECHNOLOGIES COM 448407106 76 2,203 X 2,173 0 30 HUTTIG BLDG PRODS INC COM 448451104 7 708 X 0 0 708 HYDRIL CO COM 448774109 137 3,000 X 2,000 0 1,000 HYPERCOM CORP COM 44913M105 1,499 253,219 X 135,650 0 117,569 HYPERION 2005 INVT GRADE OPPO COM 448918102 15 1,500 X 1,500 0 0 HYPERION SOLUTIONS CORP COM 44914M104 112 2,400 X 1,500 0 900 HYPERION TOTAL RETURN & INCOME FD INC COM 449145101 5 500 X 500 0 0 IAC / INTERACTIVECORP COM 44919P102 3,751 135,824 X 91,204 5,000 39,620 IBM CORP CALL OPTION COM 46399H8640999 5,000 482,500 CALL X 5,000 IBM CORP CALL OPTION COM 46399H8720999 3,500 337,750 CALL X 3,500 IBM CORP CALL OPTIONS COM 4559989V80999 100 9,650 CALL X 100 IBM CORP OPTION CALL OPTION COM 46399H8560999 4,000 386,000 CALL X 4,000 IBM CORP PUT OPTION COM 4559989X40999 4,000 386,000 PUT X 4,000 IBM CORP PUT OPTION COM 4559989Y20999 1,000 96,500 PUT X 1,000 ICICI BK LTD ADR COM 45104G104 6,024 298,980 X 25,700 0 273,280 ICON PUB LTD CO SPONSORED ADR COM 45103T107 30 785 X 785 0 0 ICORIA INC COM 451045108 27 41,880 X 41,880 0 0 ICOS CORP COM 449295104 622 21,995 X 16,175 0 5,820 ICT GROUP INC COM 44929Y101 11,586 1,193,084 X 1,137,778 0 55,306 ID BIOMEDICAL CORP COM 44936D108 15 1,000 X 1,000 0 0 IDACORP INC COM 451107106 726 23,763 X 9,850 0 13,913 IDEC PHARMACEUTICALS CORP LIQUID YIEL BD 449370AE5 29 45,000 X 45,000 0 0 IDENTIX INC COM 451906101 56 7,604 X 7,604 0 0 IDEX CORP COM 45167R104 1,896 46,815 X 40,345 1,800 4,670 IDEXX LABORATORIES INC COM 45168D104 7,785 142,611 X 96,461 5,000 41,150 IDT CORP COM 448947101 3,963 269,986 X 9,236 0 260,750 IDT CORP CL B COM 448947309 83 5,330 X 4,500 0 830 IDX SYS CORP COM 449491109 317 9,200 X 9,200 0 0 IFC CAP TR III GTD TR CONV PFD PFD 449498203 524 14,150 X 14,150 0 0 IGATE CAP CORP COM 45169U105 29 7,100 X 7,100 0 0 IHOP CORP COM 449623107 26 630 X 630 0 0 II-VI INC COM 902104108 22 528 X 500 0 28 IKON OFFICE SOLUTIONS INC COM 451713101 37 3,194 X 2,894 0 300 ILLINOIS TOOL WORKS CALL OPTIONS COM 4.5231E+12 5,000 460,600 CALL X 5,000 ILLINOIS TOOL WORKS INC COM 452308109 264,306 2,851,813 X 2,014,065 130,076 707,672 ILLUMINA INC COM 452327109 1,521 160,406 X 99,906 0 60,500 IMAGEWARE SYS INC COM 45245S108 24 8,000 X 8,000 0 0 IMAGISTICS INTL INC COM 45247T104 1,474 43,801 X 36,803 160 6,838 I-MANY INC COM 44973Q103 38 25,000 X 25,000 0 0
Page 41 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ------------- -------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- IMATION CORP COM 45245A107 1,914 60,129 X 58,229 0 1,900 IMAX CORP COM 45245E109 18 2,200 X 2,000 0 200 IMCLONE SYS INC COM 45245W109 360 7,808 X 5,548 0 2,260 IMMUCOR INC COM 452526106 209 8,875 X 8,775 0 100 IMMUNOMEDICS INC COM 452907108 3 1,000 X 1,000 0 0 IMPAC MTG HLDGS INC COM 45254P102 2,487 109,698 X 23,670 0 86,028 IMPAX LABORATORIES INC COM 45256B101 17 1,070 X 500 0 570 IMPCO TECHNOLOGIES INC COM 45255W106 181 24,000 X 24,000 0 0 IMPERIAL CHEMICAL INDUSTRIES PLC ADR COM 452704505 2 100 X 100 0 0 IMPERIAL OIL LTD NEW COM 453038408 18,162 305,862 X 196,234 12,500 97,128 IMPERIAL TOB GROUP PLC SPONSORED ADR COM 453142101 56 1,007 X 0 0 1,007 IMS HEALTH INC COM 449934108 4,398 189,470 X 101,386 11,946 76,138 INAMED CORP COM 453235103 46 720 X 610 0 110 INCO LTD COM 453258402 361 9,811 X 4,811 0 5,000 INCO LTD LIQUID YLD OPT NT ZERO BD 453258AM7 10 10,000 X 10,000 0 0 INCYTE CORP COM 45337C102 398 39,800 X 1,900 2,600 35,300 INCYTE CORP SUB NT CONV BD 45337CAC6 128 128,000 X 124,000 0 4,000 INDEPENDENCE CMNTY BK CORP COM 453414104 1,686 39,596 X 15,226 0 24,370 INDEPENDENT BK CORP COM 453838104 7 229 X 29 0 200 INDEPENDENT BK CORP MASS COM 453836108 176 5,227 X 5,127 0 100 INDEVUS PHARMACEUTICALS INC COM 454072109 6 1,000 X 1,000 0 0 INDIA FD INC COM 454089103 14,159 477,865 X 114,215 1,350 362,300 INDYMAC BANCORP INC COM 456607100 227 6,601 X 6,486 0 115 INDYMAC BANCORP INC WIRES (WRNTS & INC PFD 456607209 15 250 X 0 0 250 INERGY L P UNIT LTD PARTNERSHIP INT COM 456615103 52 1,800 X 1,800 0 0 INFINITY PPTY & CAS CORP COM 45665Q103 17 480 X 300 0 180 INFOCUS CORP COM 45665B106 321 34,986 X 11,700 1,900 21,386 INFORMATICA CORP COM 45666Q102 12 1,500 X 1,500 0 0 INFOSPACE INC NEW COM 45678T201 23 494 X 370 0 124 INFOSYS TECHNOLOGIES LTD SPON COM 456788108 125 1,800 X 1,800 0 0 INFOUSA INC NEW COM 456818301 299 26,700 X 0 0 26,700 ING GROEP N V SPONSORED ADR COM 456837103 571 18,878 X 5,230 0 13,648 ING PRIME RATE TR SH BEN INT COM 44977W106 56 7,450 X 7,450 0 0 INGERSOLL RAND CO LTD CL A PAYS COM G4776G101 26,330 327,889 X 243,327 26,650 57,912 INGLES MKTS INC CL A COM 457030104 119 9,640 X 8,740 0 900 INGRAM MICRO INC CL A COM 457153104 252 12,124 X 8,274 0 3,850 INKINE PHARMACEUTICAL INC COM 457214104 60 11,000 X 2,000 0 9,000 INLAND REAL ESTATE CORP NEW COM 457461200 16 1,000 X 1,000 0 0 INNKEEPERS USA TR COM 4576J0104 162 11,390 X 10,600 0 790 INNOVEX INC COM 457647105 5 1,000 X 1,000 0 0 INPHONIC INC COM 45772G105 110 4,000 X 4,000 0 0 INPUT/OUTPUT INC COM 457652105 3,906 441,900 X 600 0 441,300 INSIGHT COMMUNICATIONS INC CL A COM 45768V108 32 3,500 X 3,500 0 0 INSIGHT ENTERPRISES INC COM 45765U103 646 31,500 X 4,000 0 27,500 INSIGNIA SOLUTIONS PLC SPONSORED ADR COM 45766J107 10 11,100 X 0 0 11,100
Page 42 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ------------- -------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- INSITUFORM TECHNOLOGIES INC CL A COM 457667103 129 5,700 X 5,000 0 700 INSPIRE PHARMACEUTICALS INC COM 457733103 936 55,798 X 11,498 3,100 41,200 INSTINET GROUP INC COM 457750107 6,504 1,078,560 X 75,060 0 1,003,500 INSURANCE AUTO AUCTIONS INC COM 457875102 33 1,470 X 1,470 0 0 INSURED MUN INCOME FD COM 45809F104 13 1,000 X 1,000 0 0 INTEGRA BK CORP COM 45814P105 24 1,038 X 1,038 0 0 INTEGRA LIFESCIENCES CORP NEW COM 457985208 457 12,375 X 375 0 12,000 INTEGRAL SYS INC MD COM 45810H107 2 100 X 100 0 0 INTEGRATED CIRCUIT SYS INC COM 45811K208 129 6,182 X 5,920 0 262 INTEGRATED DEVICE TECHNOLOGY INC COM 458118106 72 6,246 X 5,946 0 300 INTEGRATED ELECTRICAL SVCS INC COM 45811E103 4 850 X 850 0 0 INTEGRATED SILICON SOLUTION INC COM 45812P107 479 58,400 X 0 1,900 56,500 INTEL CORP COM 458140100 474,943 20,305,405 X 14,885,086 652,720 4,767,599 INTEL CORP CALL OPTION COM 45899Y5000999 15,000 335,850 CALL X 15,000 INTEL CORP CALL OPTION COM 45899Y5750999 2,500 55,975 CALL X 2,500 INTEL CORP CALL OPTION COM 45899Y6E90999 5,000 111,950 CALL X 5,000 INTEL CORP CALL OPTIONS COM 45899Y5670999 3,000 67,170 CALL X 3,000 INTEL CORP CALL OPTIONS COM 45899Y5Z30999 12,500 279,875 CALL X 12,500 INTEL CORP PUT OPTION COM 45899Y5910999 5,000 111,950 PUT X 5,000 INTEL CORP PUT OPTIONS COM 45899Y5590999 3,000 67,170 PUT X 3,000 INTELIDATA TECHNOLOGIES CORP COM 45814T107 7 10,000 X 10,000 0 0 INTER TEL INC COM 458372109 4,587 167,544 X 89,399 0 78,145 INTERACTIVE DATA CORP COM 45840J107 12 550 X 150 0 400 INTERCHANGE FIN SVCES CORP COM 458447109 52 2,000 X 0 0 2,000 INTERCONTINENTAL HOTELS GROUP PLC SPON COM 458573201 683 54,123 X 1,512 0 52,611 INTERDIGITAL COMMUNICATIONS CORP COM 45866A105 69 3,120 X 2,920 0 200 INTERFACE INC CL A COM 458665106 85 8,476 X 8,476 0 0 INTERGRAPH CORP COM 458683109 156 5,800 X 2,500 700 2,600 INTERLAND INC MINN NEW COM 458727203 1 370 X 370 0 0 INTERLINK ELECTRS COM 458751104 7 750 X 0 0 750 INTERMAGNETICS GENERAL CORP COM 458771102 46 1,825 X 1,150 0 675 INTERMEDIATE MUNI FD INC COM 45880P104 154 16,498 X 10,498 0 6,000 INTERMUNE INC COM 45884X103 87 6,525 X 5,700 0 825 INTERNAP NETWORK SVCS CORP COM 45885A102 28 30,629 X 5,000 0 25,629 INTERNATIONAL ALUMINUM CORP COM 458884103 10 300 X 300 0 0 INTERNATIONAL BANCSHARES CORP COM 459044103 91 2,302 X 2,302 0 0 INTERNATIONAL BUSINESS CALL COM 46199I7240999 5,000 482,500 CALL X 5,000 INTERNATIONAL BUSINESS CALL OPTION COM 46199I8P20999 2,500 241,250 CALL X 2,500 INTERNATIONAL GAME TECHNOLOGY COM 459902102 18,785 546,384 X 461,424 3,425 81,535 INTERNATIONAL GAME TECHNOLOGY ZERO CPN BD 459902AL6 46 60,000 X 60,000 0 0 INTERNATIONAL PAPER CO COM 460146103 19,156 456,098 X 301,145 9,014 145,939 INTERNATIONAL PAPER CO DEB CONV ZERO BD 460146BM4 33 60,000 X 60,000 0 0 INTERNATIONAL RECTIFIER CORP COM 460254105 614 13,785 X 8,700 0 5,085 INTERNATIONAL SPEEDWAY CORP CL A COM 460335201 3,783 71,642 X 30,031 2,600 39,011 INTERNATIONAL STL GROUP INC COM 460377104 49 1,199 X 1,169 0 30
Page 43 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ------------- -------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- INTERNET CAP GROUP INC NEW COM 46059C205 13 1,478 X 337 0 1,141 INTERNET SEC SYS INC COM 46060X107 47 2,030 X 950 0 1,080 INTEROIL CORP COM 460951106 1,423 37,600 X 0 0 37,600 INTERPUBLIC GROUP COMPANIES INC COM 460690100 58,135 4,338,464 X 802,204 3,176 3,533,084 INTERPUBLIC GROUP COS INC PFD CONV SER PFD 460690308 1 30 X 30 0 0 INTERSIL HLDG CORP CL A COM 46069S109 173 10,328 X 9,578 0 750 INTERSTATE HOTELS & RESORTS INC COM 46088S106 4 719 X 719 0 0 INTERVEST BANCSHARES CORP CL A COM 460927106 491 24,879 X 3,000 0 21,879 INTERVIDEO INC COM 46114Y101 19 1,400 X 1,400 0 0 INTERVOICE INC COM 461142101 1,319 98,800 X 98,700 0 100 INTERWOVEN INC NEW COM 46114T508 99 9,105 X 9,105 0 0 INTEVAC INC COM 461148108 27 3,610 X 1,700 0 1,910 INTL BUSINESS MACHINES CORP COM 459200101 553,514 5,614,864 X 3,588,619 518,841 1,507,404 INTL FLAVORS & FRAGRANCES INC COM 459506101 9,324 217,637 X 144,993 4,800 67,844 INTRABIOTICS PHARMACEUTICALS INC COM 46116T506 33 8,108 X 0 550 7,558 INTRADO INC COM 46117A100 23 1,900 X 1,900 0 0 INTRAWEST CORP NEW COM 460915200 3 124 X 124 0 0 INTRUSION INC NEW COM 46121E205 4 1,325 X 1,325 0 0 INTUIT COM 461202103 3,252 73,904 X 40,230 0 33,674 INTUITIVE SURGICAL INC NEW COM 46120E602 5,331 133,199 X 133,199 0 0 INVACARE CORP COM 461203101 564 12,200 X 10,800 0 1,400 INVERNESS MED INNOVATIONS INC COM 46126P106 16 640 X 590 0 50 INVESTMENT GRADE MUN INCOME FD COM 461368102 198 14,580 X 14,580 0 0 INVESTMENT TECHNOLOGY GROUP INC NEW COM 46145F105 111 5,560 X 5,560 0 0 INVESTORS FINL SERVICES CORP COM 461915100 189 3,786 X 3,501 0 285 INVESTORS REAL ESTATE TR SH BEN INT COM 461730103 53 5,040 X 4,440 0 600 INVESTORS TITLE COMPANY COM 461804106 122 3,300 X 0 3,300 0 INVITROGEN CORP COM 46185R100 844 12,571 X 11,821 0 750 IOMEGA CORP COM 462030305 1 143 X 43 0 100 IONICS INC COM 462218108 468 10,795 X 10,675 0 120 IOWA TELECOMMUNICATION SVCS INC COM 462594201 19,413 900,000 X 0 0 900,000 IPASS INC COM 46261V108 87 11,730 X 11,730 0 0 IPAYMENT INC COM 46262E105 243 4,900 X 0 0 4,900 IPSCO INC COM 462622101 2,682 56,100 X 0 0 56,100 IRELAND BK SPONSORED ADR COM 46267Q103 125 1,868 X 1,845 0 23 IRON MTN INC PA COM 462846106 28,127 922,495 X 726,654 10,437 185,404 IRSA INVERSIONES Y REPR COM 450047204 1,860 165,300 X 19,300 0 146,000 IRWIN FINL CORP COM 464119106 40 1,400 X 1,400 0 0 ISHARES INC MSCI AUSTRALIA INDEX EXCH COM 464286103 420 25,125 X 25,125 0 0 ISHARES INC MSCI AUSTRIA INDEX FD (ETF COM 464286202 167 7,235 X 7,235 0 0 ISHARES INC MSCI BRAZIL FREE INDEX FD E COM 464286400 9 400 X 400 0 0 ISHARES INC MSCI CDA INDEX FD EXCH COM 464286509 318 18,401 X 18,301 0 100 ISHARES INC MSCI EMU INDEX FD COM 464286608 9,924 136,697 X 64,697 50,400 21,600 ISHARES INC MSCI FRANCE INDEX FD EXCH COM 464286707 14 600 X 600 0 0 ISHARES INC MSCI HONG KONG INDEX FD COM 464286871 46 3,800 X 3,800 0 0
Page 44 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ------------- -------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- ISHARES INC MSCI JAPAN INDEX FD EXCH COM 464286848 39,317 3,600,501 X 2,232,527 320,200 1,047,774 ISHARES INC MSCI MEXICO FREE INDEX FD COM 464286822 75 3,000 X 3,000 0 0 ISHARES INC MSCI PACIFIC EX-JAPAN INDE COM 464286665 4,907 54,423 X 39,715 1,000 13,708 ISHARES INC MSCI SINGAPORE INDEX FD COM 464286673 189 26,400 X 22,400 0 4,000 ISHARES INC MSCI SOUTH KOREA INDEX FD COM 464286772 13,052 446,225 X 436,560 0 9,665 ISHARES INC MSCI SWEDEN INDEX COM 464286756 7 350 X 350 0 0 ISHARES INC MSCI TAIWAN INDEX FD ETF COM 464286731 14,027 1,163,100 X 145,500 0 1,017,600 ISHARES INC MSCI UNITED KINGDOM INDE COM 464286699 43 2,400 X 2,400 0 0 ISHARES TR 1-3 YR TREAS INDEX FD EXCH COM 464287457 10,832 133,020 X 121,820 0 11,200 ISHARES TR 20+ TREAS INDEX FD ETF COM 464287432 481 5,430 X 4,705 0 725 ISHARES TR 7-10 YR TREAS INDEX FD EXCH COM 464287440 3,227 37,985 X 37,710 0 275 ISHARES TR COHEN & STEERS REALTY MAJO COM 464287564 1,304 9,570 X 6,370 0 3,200 ISHARES TR DJ US REAL ESTATE COM 464287739 4,117 33,419 X 33,419 0 0 ISHARES TR DOW JONES SELECT DIVID INDE COM 464287168 2,730 44,462 X 37,167 4,095 3,200 ISHARES TR DOW JONES U S TECH COM 464287721 1,676 34,588 X 28,086 0 6,502 ISHARES TR DOW JONES U S CONSUMER CYCL COM 464287580 10 163 X 163 0 0 ISHARES TR DOW JONES U S FINL SECT COM 464287788 322 3,300 X 2,900 0 400 ISHARES TR DOW JONES U S FINL SVCS COMP COM 464287770 75 663 X 663 0 0 ISHARES TR DOW JONES U S INDL SECT COM 464287754 164 2,895 X 2,395 0 500 ISHARES TR DOW JONES U S UTILS SECT COM 464287697 106 1,550 X 1,450 0 100 ISHARES TR DOW JONES US HEALTHCARE SECT COM 464287762 977 16,560 X 15,460 0 1,100 ISHARES TR FTSE XINHAU HK CHINA 25 INDE COM 464287184 658 11,854 X 2,975 0 8,879 ISHARES TR GOLDMAN SACHS MULT COM 464287531 20 650 X 650 0 0 ISHARES TR GOLDMAN SACHS SOFT COM 464287515 21 500 X 500 0 0 ISHARES TR GOLDMAN SACHS TECH COM 464287549 131 2,800 X 2,800 0 0 ISHARES TR GOLDMAN SACHS CORP BD FD ( COM 464287242 16,143 144,745 X 49,400 0 95,345 ISHARES TR GOLDMAN SACHS NAT RES INDE COM 464287374 7 50 X 50 0 0 ISHARES TR GOLDMAN SACHS SEMI- COND COM 464287523 1,163 21,616 X 21,096 0 520 ISHARES TR LEHMAN U S AGGREGATE BD FD E COM 464287226 6,350 62,016 X 61,795 0 221 ISHARES TR MSCI EAFE INDEX FD EXCH COM 464287465 133,813 835,027 X 800,424 0 34,603 ISHARES TR MSCI EMERGING MKTS INDE COM 464287234 27,637 136,919 X 128,118 0 8,801 ISHARES TR NASDAQ BIOTECHNOLOGY INDE COM 464287556 5,438 72,128 X 62,128 0 10,000 ISHARES TR RUSSELL 1000 GROWTH INDE COM 464287614 4,382 89,157 X 74,958 0 14,199 ISHARES TR RUSSELL 1000 INDEX FD EXCH COM 464287622 3,381 52,067 X 38,565 0 13,502 ISHARES TR RUSSELL 1000 VALUE INDE COM 464287598 2,716 40,917 X 40,917 0 0 ISHARES TR RUSSELL 2000 GROWTH INDE COM 464287648 8,945 132,917 X 75,684 0 57,233 ISHARES TR RUSSELL 2000 INDEX FD EXCH COM 464287655 41,572 321,020 X 294,030 0 26,990 ISHARES TR RUSSELL 2000 VALUE INDE COM 464287630 4,225 21,894 X 19,089 0 2,805 ISHARES TR RUSSELL 3000 GROWTH INDE COM 464287671 119 3,000 X 3,000 0 0 ISHARES TR RUSSELL 3000 INDEX FD EXCH COM 464287689 6,395 92,475 X 88,543 2,133 1,799 ISHARES TR RUSSELL MIDCAP GROWTH INDE COM 464287481 1,384 16,375 X 10,565 0 5,810 ISHARES TR RUSSELL MIDCAP INDEX FD (ETF COM 464287499 2,235 28,178 X 26,903 0 1,275 ISHARES TR RUSSELL MIDCAP VALUE INDE COM 464287473 1,784 15,810 X 7,610 0 8,200 ISHARES TR S&P 100 INDEX FD ETF COM 464287101 17 300 X 0 0 300 ISHARES TR S&P 500 INDEX FD EXCH COM 464287200 23,812 196,792 X 162,567 20,861 13,364
Page 45 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ------------- -------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- ISHARES TR S&P 500/BARRA GROWTH INDE COM 464287309 277 4,798 X 1,798 0 3,000 ISHARES TR S&P 500/BARRA VALUE INDE COM 464287408 125 1,988 X 1,988 0 0 ISHARES TR S&P GLOBAL 100 INDEX FD COM 464287572 245 3,985 X 0 0 3,985 ISHARES TR S&P GLOBAL ENERGY SECT COM 464287341 95 1,305 X 1,305 0 0 ISHARES TR S&P GLOBAL INFO TECH COM 464287291 283 5,500 X 3,100 2,400 0 ISHARES TR S&P LATIN AMER 40 INDEX FD E COM 464287390 8,434 104,708 X 101,927 0 2,781 ISHARES TR S&P MIDCAP 400 INDEX FD EXCH COM 464287507 4,595 34,730 X 27,608 710 6,412 ISHARES TR S&P MIDCAP 400/BARRA GROW COM 464287606 1,414 10,521 X 10,371 0 150 ISHARES TR S&P MIDCAP 400/BARRA VALU COM 464287705 26 200 X 200 0 0 ISHARES TR S&P/TOPIX 150 INDEX FD (ETF COM 464287382 75 800 X 600 0 200 ISHARES U S TREAS INFLATION PROT COM 464287176 20,452 193,290 X 180,306 0 12,984 ISTA PHARMACEUTICALS INC NEW COM 45031X204 320 31,600 X 100 2,500 29,000 ISTAR FINL INC COM 45031U101 16,279 359,687 X 242,450 0 117,237 ITC DELTACOM INC NEW COM 45031T401 0 11 X 11 0 0 ITT EDL SVCS INC COM 45068B109 1,345 28,288 X 21,930 0 6,358 ITT INDS INC COM 450911102 93,287 1,104,639 X 704,016 83,014 317,609 IVAX CORP COM 465823102 638 40,307 X 24,222 0 16,085 IVAX DIAGNOSTICS INC COM 45070W109 9 2,000 X 2,000 0 0 IVILLAGE INC COM 46588H105 131 21,138 X 17,732 0 3,406 IXIA COM 45071R109 17 1,000 X 1,000 0 0 IXYS CORP DEL COM 46600W106 19 1,850 X 1,100 0 750 J & J SNACK FOODS CORP COM 466032109 25 500 X 500 0 0 J F CHINA REGION FD INC COM 46614T107 13 1,004 X 1,004 0 0 J JILL GROUP INC COM 466189107 6 400 X 400 0 0 J P MORGAN CHASE & CO COM 46625H100 343,896 8,815,579 X 4,172,580 492,280 4,150,719 J P MORGAN CHASE & CO CALL OPTIONS COM 46799X9F40999 3,000 115,470 CALL X 3,000 J2 GLOBAL COMMUNICATONS INC NEW COM 46626E205 273 7,900 X 700 0 7,200 JABIL CIRCUIT INC COM 466313103 1,648 64,425 X 59,645 0 4,780 JACK IN THE BOX INC COM 466367109 37 1,000 X 1,000 0 0 JACKSON HEWITT TAX SVC INC COM 468202106 1,346 53,300 X 0 0 53,300 JACOBS ENGINEERING GROUP INC COM 469814107 63,500 1,328,728 X 886,007 45,898 396,823 JACUZZI BRANDS INC COM 469865109 21 2,440 X 2,200 0 240 JAKKS PAC INC COM 47012E106 115 5,180 X 580 0 4,600 JAMDAT MOBILE INC COM 47023T100 2 100 X 100 0 0 JAMES HARDIE INDS N V SPONSORED ADR COM 47030M106 18 700 X 700 0 0 JAMES MONROE BANCORP INC COM 470338104 112 5,816 X 0 0 5,816 JANUS CAP GROUP INC COM 47102X105 4,401 261,790 X 211,416 0 50,374 JAPAN EQUITY FD INC COM 471057109 50 7,500 X 7,500 0 0 JAPAN SMALLER CAPITALIZATION FD INC COM 47109U104 436 36,000 X 0 36,000 0 JARDEN CORP COM 471109108 3,369 77,550 X 5,350 0 72,200 JDA SOFTWARE GROUP INC COM 46612K108 39 2,900 X 1,100 0 1,800 JDS UNIPHASE CORP COM 46612J101 3,959 1,249,028 X 740,133 5,010 503,885 JEFFERIES GROUP INC NEW COM 472319102 24,587 610,395 X 186,995 0 423,400 JEFFERSON BANCSHARES INC TENN COM 472375104 18 1,400 X 1,400 0 0 JEFFERSON PILOT CORP COM 475070108 23,912 460,191 X 383,297 0 76,894
Page 46 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ------------- -------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- JEFFERSONVILLE BANCORP CDT COM 47559A103 19 1,000 X 1,000 0 0 JETBLUE AWYS CORP COM 477143101 521 22,433 X 17,503 0 4,930 JLG INDS INC COM 466210101 39 2,000 X 1,500 0 500 JOHNSON & JOHNSON COM 478160104 1,152,425 18,171,317 X 9,889,890 4,128,116 4,153,311 JOHNSON & JOHNSON - CALL OPTION COM 47899L9N00999 1,700 106,522 CALL X 1,700 JOHNSON & JOHNSON - PUT OPTION COM 47899L9P50999 41,600 2,606,656 PUT X 41,600 JOHNSON & JOHNSON CALL OPTIONS COM 47899L8760999 2,000 125,320 CALL X 2,000 JOHNSON CONTROLS INC COM 478366107 20,911 329,614 X 195,374 12,300 121,940 JONES APPAREL GROUP INC COM 480074103 5,230 143,019 X 85,507 24,325 33,187 JONES LANG LASALLE INC COM 48020Q107 158 4,220 X 4,100 0 120 JOS A BANK CLOTHIERS INC COM 480838101 3,668 129,600 X 80,500 0 49,100 JOURNAL COMMUNICATIONS INC CL A COM 481130102 27,543 1,524,260 X 24,260 0 1,500,000 JOURNAL REGISTER CO COM 481138105 327 16,926 X 10,814 0 6,112 JOY GLOBAL INC COM 481165108 257 5,915 X 4,030 0 1,885 JUNIPER NETWORKS INC COM 48203R104 5,218 191,916 X 92,384 1,700 97,832 K L A TENCOR CORP COM 482480100 3,004 64,494 X 42,689 11,500 10,305 K V PHARMACEUTICAL CO CL A COM 482740206 182 8,271 X 8,160 0 111 K2 INC COM 482732104 1,607 101,172 X 0 0 101,172 KADANT INC COM 48282T104 111 5,398 X 1,828 992 2,578 KAMAN CORP CL A COM 483548103 168 13,289 X 2,500 0 10,789 KANA SOFTWARE INC COM 483600300 0 1 X 0 0 1 KANEB PIPE LINE PARTNERS L P UNIT COM 484169107 920 15,117 X 3,375 0 11,742 KANEB SVCS LLC COM 484173109 281 6,500 X 1,500 0 5,000 KANSAS CITY LIFE INS CO COM 484836101 5 100 X 100 0 0 KANSAS CITY SOUTHN INDS INC NEW COM 485170302 35,436 1,998,638 X 665,232 0 1,333,406 KAYDON CORP COM 486587108 188 5,684 X 2,800 0 2,884 KAYNE ANDERSON MLP INVT CO COM 486606106 100 4,000 X 4,000 0 0 KB HOME COM 48666K109 460 4,406 X 3,250 0 1,156 KCS ENERGY INC NEW COM 482434206 6,066 410,446 X 275,246 0 135,200 KEANE INC COM 486665102 21,401 1,455,825 X 419,925 0 1,035,900 KEITHLEY INSTRS INC COM 487584104 167 8,500 X 800 0 7,700 KELLOGG CO COM 487836108 14,306 320,339 X 203,962 1,900 114,477 KELLWOOD CO COM 488044108 14 401 X 401 0 0 KELLY SERVICES INC CLASS A COM 488152208 185 6,120 X 40 0 6,080 KEMET CORP COM 488360108 4,746 530,227 X 320,331 0 209,896 KENNAMETAL INC COM 489170100 1,769 35,545 X 9,400 0 26,145 KENSEY NASH CORP COM 490057106 28,336 820,630 X 243,230 0 577,400 KERR-MC GEE CORP COM 492386107 47,879 828,495 X 475,947 20,095 332,453 KERZNER INTL LTD COM P6065Y107 6 100 X 100 0 0 KEY ENERGY GROUP INC COM 492914106 112 9,525 X 4,400 0 5,125 KEYCORP NEW COM 493267108 12,256 361,518 X 196,697 22,928 141,893 KEYNOTE SYS INC COM 493308100 457 32,800 X 600 1,600 30,600 KEYSPAN CORP COM 49337W100 3,665 92,891 X 75,605 3,625 13,661 KEYSTONE AUTOMOTIVE INDS INC COM 49338N109 68 2,930 X 930 0 2,000 KFORCE INC COM 493732101 256 23,100 X 0 2,900 20,200
Page 47 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ------------- -------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- KFX INC COM 48245L107 486 33,450 X 0 30,000 3,450 KILROY RLTY CORP COM 49427F108 202 4,715 X 4,555 0 160 KIMBALL INTERNATIONAL INC CLASS B COM 494274103 9 610 X 610 0 0 KIMBERLY CLARK CORP COM 494368103 86,465 1,313,851 X 1,035,430 27,448 250,973 KIMCO RLTY CORP COM 49446R109 31,755 547,590 X 232,571 31,100 283,919 KINDER MORGAN ENERGY PARTNERS L P UNIT COM 494550106 20,349 459,038 X 307,901 16,400 134,737 KINDER MORGAN INC KANS COM 49455P101 9,022 123,366 X 104,662 0 18,704 KINDRED HEALTHCARE INC COM 494580103 12 400 X 400 0 0 KINETIC CONCEPTS INC NEW COM 49460W208 429 5,626 X 1,051 0 4,575 KING PHARMACEUTICALS INC COM 495582108 271 21,830 X 18,310 0 3,520 KINROSS GOLD CORP COM 496902404 18 2,526 X 2,526 0 0 KIRBY CORP COM 497266106 1,830 41,227 X 40,037 0 1,190 KIRKLANDS INC COM 497498105 32 2,600 X 2,600 0 0 KITE RLTY GROUP TR COM 49803T102 6 400 X 0 0 400 KMART HLDG CORPORATON COM 498780105 56 570 X 550 0 20 KMG AMER CORP COM 482563103 20 1,800 X 0 0 1,800 KNBT BANCORP INC COM 482921103 12 700 X 400 0 300 KNIGHT RIDDER INC COM 499040103 62,609 935,301 X 286,371 1,550 647,380 KNIGHT TRADING GROUP INC COM 499063105 23,929 2,185,290 X 468,450 1,700 1,715,140 KNIGHTSBRIDGE TANKERS LTD COM G5299G106 416 12,430 X 12,430 0 0 KOHLS CORP COM 500255104 23,740 482,818 X 232,061 11,670 239,087 KOMAG INC NEW COM 500453204 18 977 X 977 0 0 KONINKLIJKE AHOLD NV SPONSORED ADR NEW COM 500467303 261 33,609 X 12,729 0 20,880 KONINKLIJKE PHILIPS ELECTRS N V COM 50399M9720999 1,000 25,160 PUT X 1,000 KONINKLIJKE PHILIPS ELECTRS N V COM 50399M9800999 1,000 25,160 CALL X 1,000 KONINKLIJKE PHILIPS ELECTRS N V SPON COM 500472303 7,947 299,904 X 213,505 0 86,399 KOOKMIN BK NEW SPONSORED ADR COM 50049M109 281 7,192 X 0 0 7,192 KOPIN CORP COM 500600101 978 252,586 X 160,586 0 92,000 KOREA ELEC PWR CORP SPONSORED ADR COM 500631106 560 42,320 X 9,375 0 32,945 KOREA FD INC COM 500634100 30 1,232 X 1,232 0 0 KORN FERRY INTL NEW COM 500643200 5,078 244,742 X 241,061 0 3,681 KOS PHARMACEUTICALS INC COM 500648100 75 2,000 X 2,000 0 0 KRAFT FOODS INC CL A COM 50075N104 155,409 4,364,188 X 1,871,453 43,570 2,449,165 KRAMONT RLTY TR COM 50075Q107 201 8,590 X 2,650 0 5,940 KRAMONT RLTY TR PFD CONV SH BEN INT PFD 50075Q206 19,119 579,723 X 700 0 579,023 KRISPY KREME DOUGHNUTS INC COM 501014104 10,396 825,103 X 24,504 0 800,599 KROGER CO COM 501044101 5,312 302,835 X 223,582 1,500 77,753 KROGER CO CALL OPTION COM 50Z99A9730999 1,200 19,860 CALL X 1,200 KROGER CO PUT OPTION COM 50Z99A9810999 1,800 29,790 PUT X 1,800 KRONOS INC COM 501052104 167 3,273 X 3,146 0 127 KRONOS WORLDWIDE INC COM 50105F105 116 2,843 X 2,379 0 464 K-SEA TRANSN PARTNERS L P COM 48268Y101 35 1,000 X 1,000 0 0 K-SWISS INC CL A COM 482686102 2,239 76,900 X 2,700 1,000 73,200 KT CORP SPONSORED ADR COM 48268K101 5,110 234,313 X 19,000 0 215,313 KULICKE & SOFFA IND INC COM 501242101 8,669 1,005,650 X 3,650 0 1,002,000
Page 48 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ------------- -------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- KVH INDS INC COM 482738101 26 2,700 X 2,700 0 0 KYOCERA LTD ADR R/B/ COM 501556203 2,442 31,719 X 26,190 0 5,529 KYPHON INC COM 501577100 26 1,000 X 1,000 0 0 L L & E ROYALTY TRUST UBI COM 502003106 22 3,500 X 3,000 0 500 L S I INDUSTRIES INC (OHIO) COM 50216C108 23 2,025 X 2,025 0 0 L S I LOGIC INC COM 502161102 13,608 2,483,262 X 1,272,785 21,662 1,188,815 L T X CORP COM 502392103 124 16,175 X 13,175 0 3,000 L-3 COMMUNICATIONS HLDGS INC COM 502424104 30,583 417,577 X 371,893 825 44,859 LA QUINTA CORP COM 50419U202 155 17,057 X 6,726 0 10,331 LABONE INC COM 50540L105 92 2,860 X 2,860 0 0 LABOR READY INC NEW COM 505401208 206 12,200 X 12,200 0 0 LABORATORY CORP AMER HLDGS LIQUID YIEL BD 50540RAC6 31 40,000 X 40,000 0 0 LABORATORY CORP AMER HLDGS NEW COM 50540R409 1,650 33,128 X 24,565 5,000 3,563 LABRANCHE & CO INC COM 505447102 14,381 1,605,000 X 2,000 0 1,603,000 LACLEDE GROUP INC COM 505597104 131 4,190 X 4,190 0 0 LAFARGE CORP COM 505862102 67,157 1,308,584 X 64,584 0 1,244,000 LAFARGE S A SPONSORED ADR NEW COM 505861401 273 11,300 X 1,800 0 9,500 LAIDLAW INTL INC COM 50730R102 88,562 4,138,397 X 170,113 0 3,968,284 LAKELAND BANCORP INC COM 511637100 6 370 X 70 0 300 LAM RESEARCH CORP COM 512807108 859 29,703 X 19,053 0 10,650 LAMAR ADVERTISING CO CL A COM 512815101 226 5,276 X 5,066 0 210 LAMSON & SESSIONS CO COM 513696104 0 19 X 19 0 0 LANCASTER COLONY CORP COM 513847103 1,781 41,554 X 37,805 0 3,749 LANCE INC COM 514606102 334 17,565 X 4,965 12,400 200 LANDAMERICA FINL GROUP INC COM 514936103 73 1,345 X 1,325 0 20 LANDAUER INC COM 51476K103 233 5,100 X 3,000 0 2,100 LANDEC CORP COM 514766104 71 10,436 X 0 5,500 4,936 LANDRYS RESTAURANTS INC COM 51508L103 9 300 X 300 0 0 LANDSTAR SYS INC COM 515098101 439 5,964 X 5,864 0 100 LANNETT INC COM 516012101 0 20 X 0 0 20 LANTRONIX INC COM 516548104 91 90,000 X 0 7,400 82,600 LANVISION SYS INC COM 516555109 20 7,000 X 7,000 0 0 LARGE SCALE BIOLOGY CORP COM 517053104 95 75,161 X 75,161 0 0 LAS VEGAS SANDS CORP COM 517834107 158 3,300 X 1,500 0 1,800 LASALLE HOTEL PPTYS COM SH BEN INT COM 517942108 131 4,100 X 4,000 0 100 LASERCARD CORP COM 51807U101 12 1,150 X 1,150 0 0 LATTICE SEMICONDUCTOR CORP COM 518415104 929 163,039 X 87,744 0 75,295 LAUDER ESTEE COS INC CL A COM 518439104 5,448 119,030 X 107,730 500 10,800 LAUREATE ED INC COM 518613104 7,208 163,479 X 65,379 2,000 96,100 LAWSON PRODUCTS INC COM 520776105 33 650 X 50 600 0 LAWSON SOFTWARE INC COM 520780107 3,716 540,955 X 374,215 0 166,740 LA-Z-BOY CHAIR CO COM 505336107 7,842 510,242 X 509,632 0 610 LCA-VISION INC COM 501803308 61 2,625 X 2,625 0 0 LEAPFROG ENTERPRISES INC CL A COM 52186N106 429 31,560 X 4,090 0 27,470 LEAR CORP COM 521865105 1,210 19,834 X 12,570 0 7,264
Page 49 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ------------- -------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- LEARNING TREE INTL INC COM 522015106 19 1,395 X 595 0 800 LECROY CORP COM 52324W109 12 500 X 500 0 0 LEE ENTERPRISES INC COM 523768109 3,536 76,726 X 72,266 0 4,460 LEGG MASON INC COM 524901105 11,238 153,396 X 13,505 150 139,741 LEGGETT & PLATT INC COM 524660107 65,844 2,316,000 X 1,441,666 110,685 763,649 LEHMAN BROS HLDGS INC COM 524908100 197,467 2,257,291 X 876,990 46,711 1,333,590 LENNAR CORP COM 526057104 1,556 27,455 X 18,131 1,000 8,324 LENNAR CORP CL B COM 526057302 32 608 X 424 0 184 LENNAR CORP SR SUB NT CONV ZERO CPN BD 526057AF1 81 100,000 X 100,000 0 0 LENNOX INTL INC COM 526107107 14,125 694,127 X 694,127 0 0 LEUCADIA NATIONAL CORP COM 527288104 905 19,541 X 4,189 0 15,352 LEVEL 3 COMMUNICATIONS INC COM 52729N100 248 73,171 X 67,760 0 5,411 LEVITT CORP FLA CL A COM 52742P108 109 3,567 X 2,892 0 675 LEXAR MEDIA INC COM 52886P104 114 14,500 X 14,000 0 500 LEXICON GENETICS INC COM 528872104 84 10,850 X 5,350 0 5,500 LEXINGTON CORPORATE PPTYS TR COM 529043101 311 13,778 X 12,208 0 1,570 LEXMARK INTL GROUP INC CL A COM 529771107 28,409 334,225 X 191,055 15,550 127,620 LG PHILIPS LCD CO LTD SPONSORED ADR COM 50186V102 7 400 X 400 0 0 LIBBEY INC COM 529898108 334 15,020 X 4,940 10,000 80 LIBERTY ALL STAR EQUITY FD SH BEN INT COM 530158104 28 2,949 X 0 0 2,949 LIBERTY CORP SOUTH CAROLINA COM 530370105 501 11,400 X 11,200 0 200 LIBERTY MEDIA CORP NEW SER A COM 530718105 155,005 14,116,984 X 7,266,683 429,749 6,420,552 LIBERTY MEDIA CORP NEW SR EXCH BD 530718AF2 7 6,000 X 6,000 0 0 LIBERTY MEDIA CORP SR EXCHANGEABLE DEB BD 530715AR2 3 3,000 X 3,000 0 0 LIBERTY MEDIA INTL INC SER A COM 530719103 20,686 447,464 X 340,791 4,902 101,771 LIBERTY PPTY TR SH BEN INT COM 531172104 13,998 324,033 X 101,039 36,191 186,803 LIFE TIME FITNESS INC COM 53217R207 1,112 42,950 X 40,950 0 2,000 LIFECORE BIOMEDICAL INC COM 532187101 3 300 X 300 0 0 LIFELINE SYSMS INC COM 532192101 10 400 X 400 0 0 LIFEPOINT HOSPITALS INC COM 53219L109 108,762 3,123,557 X 157,861 2,505,930 459,766 LIGAND PHARMACEUTICALS INC CL B COM 53220K207 542 46,534 X 44,534 0 2,000 LIGHTBRIDGE INC COM 532226107 296 49,088 X 1,000 3,600 44,488 LILLY ELI & CO COM 532457108 138,215 2,435,507 X 1,331,629 122,152 981,726 LIMITED BRANDS INC COM 532716107 29,690 1,289,739 X 704,729 8,300 576,710 LIN TV CORP CL A COM 532774106 5 257 X 150 0 107 LINCARE HLDGS INC COM 532791100 4,169 97,754 X 76,865 0 20,889 LINCOLN ELEC HLDGS INC COM 533900106 6,605 191,235 X 18,055 0 173,180 LINCOLN NATIONAL CORP IND COM 534187109 9,223 197,573 X 152,778 1,600 43,195 LINCOLN NATL CONV SECS FD INC COM 534183108 4 292 X 292 0 0 LINDSAY MFG CO COM 535555106 310 11,975 X 11,975 0 0 LINEAR TECHNOLOGY CORP COM 535678106 30,687 791,710 X 704,447 12,400 74,863 LINENS N THINGS INC COM 535679104 1,204 48,556 X 10,355 0 38,201 LIONBRIDGE TECHNOLOGIES INC COM 536252109 14 2,025 X 600 0 1,425 LIONS GATE ENTERTAINMENT COR NEW COM 535919203 138 13,000 X 13,000 0 0 LITHIA MTRS INC CL A COM 536797103 40 1,500 X 1,500 0 0
Page 50 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ------------- -------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- LITTELFUSE INC COM 537008104 615 18,000 X 7,400 0 10,600 LIZ CLAIBORNE INC COM 539320101 2,254 53,405 X 33,120 1,000 19,285 LKQ CORP COM 501889208 24 1,200 X 1,200 0 0 LLOYDS TSB GROUP PLC SPONSORED ADR COM 539439109 536 14,570 X 4,530 0 10,040 LNR PROPERTY CORP COM 501940100 17 267 X 267 0 0 LO JACK CORP COM 539451104 440 36,386 X 86 0 36,300 LOCKHEED MARTIN CORP COM 539830109 4,064,488 73,168,102 X 973,407 71,699,061 495,634 LOEWS CORP COM 540424108 53,893 766,609 X 28,294 0 738,315 LOEWS CORP CAROLINA GROUP STK COM 540424207 74,401 2,569,980 X 386,310 2,470 2,181,200 LOEWS CORP SUB NTS CONV BD 540424AL2 211 215,000 X 140,000 75,000 0 LOGITECH INTL S A SPONSORED ADR COM 541419107 18 300 X 0 0 300 LONE STAR STEAKHOUSE SALOON COM 542307103 8,356 298,437 X 182,912 3,650 111,875 LONE STAR TECHNOLOGIES INC COM 542312103 437 13,050 X 6,050 7,000 0 LONGS DRUG STORES CORP COM 543162101 376 13,620 X 7,800 0 5,820 LONGVIEW FIBRE CO COM (WAS COM 543213102 272 15,000 X 14,800 0 200 LOUDEYE TECHNOLOGIES INC COM 545754103 2 1,000 X 1,000 0 0 LOUISIANA PACIFIC CORP COM 546347105 409 15,281 X 14,981 0 300 LOWES COMPANIES INC COM 548661107 190,708 3,311,478 X 1,938,092 173,984 1,199,402 LOWRANCE ELECTRS INC COM 548900109 16 500 X 500 0 0 LTC PPTYS INC COM 502175102 231 11,600 X 10,800 0 800 LUBRIZOL CORP COM 549271104 8,597 233,226 X 221,226 0 12,000 LUBYS CAFETERIAS INC COM 549282101 38 5,000 X 5,000 0 0 LUCENT TECHNOLOGIES INC COM 549463107 4,917 1,307,691 X 876,942 24,024 406,725 LUCENT TECHNOLOGIES INC SUB DEB CONV BD 549463AK3 490 440,000 X 440,000 0 0 LUFKIN INDS INC COM 549764108 1,152 29,065 X 29,065 0 0 LUMINENT MTG CAP INC COM 550278303 15,505 1,302,900 X 300 0 1,302,600 LUMINEX CORP DEL COM 55027E102 517 58,275 X 33,350 0 24,925 LUXOTTICA GROUP S P A SPONSORED ADR COM 55068R202 16,287 798,795 X 483,595 152,700 162,500 LYDALL INC COM 550819106 4 300 X 300 0 0 LYNCH CORP COM 551137102 7 500 X 500 0 0 LYNCH INTERACTIVE CORP COM 551146103 32 1,000 X 1,000 0 0 LYNX THERAPEUTICS INC COM 551812407 27 7,000 X 7,000 0 0 LYON WILLIAM HOMES COM 552074106 2 30 X 30 0 0 LYONDELL PETROCHEMICAL CO COM 552078107 7,474 258,446 X 16,328 3,770 238,348 M & T BK CORP COM 55261F104 6,144 56,977 X 16,780 12,340 27,857 M / I SCHOTTENSTEIN HOMES INC NEW COM 55305B101 3 54 X 54 0 0 M D C HOLDINGS INC DEL COM 552676108 63 730 X 730 0 0 M T S SYSMS CORP COM 553777103 429 12,700 X 12,600 0 100 MACATAWA BK CORP COM 554225102 3 100 X 0 0 100 MACDERMID INC COM 554273102 602 16,667 X 9,967 0 6,700 MACE SEC INTL INC NEW COM 554335208 12 2,450 X 2,450 0 0 MACERICH CO COM 554382101 4,666 74,294 X 9,844 0 64,450 MAC-GRAY CORP COM 554153106 1 100 X 0 0 100 MACK CALI RLTY CORP COM 554489104 4,469 97,093 X 53,593 18,000 25,500 MACROCHEM CORP DEL COM 555903103 2 2,500 X 0 0 2,500
Page 51 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ------------- -------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- MACROMEDIA INC COM 556100105 311 9,985 X 5,880 0 4,105 MACROVISION CORP COM 555904101 58 2,240 X 2,140 0 100 MAD CATZ INTERACTIVE INC COM 556162105 8 10,000 X 10,000 0 0 MADDEN STEVEN LTD COM 556269108 28 1,500 X 0 0 1,500 MAF BANCORP INC COM 55261R108 15 341 X 341 0 0 MAGELLAN HEALTH SVCS INC NEW COM 559079207 3 100 X 100 0 0 MAGELLAN MIDSTREAM PARTNERS LP COM 559080106 1,059 18,050 X 12,250 0 5,800 MAGELLAN PETROLEUM CORP COM 559091301 78 59,368 X 59,368 0 0 MAGMA DESIGN AUTOMATION INC COM 559181102 10 800 X 800 0 0 MAGNA ENTMT CORP SUB VTG CL A COM 559211107 4 700 X 700 0 0 MANOR CARE INC NEW COM 564055101 11,349 320,316 X 249,571 0 70,745 MANPOWER INC WIS COM 56418H100 1,515 31,362 X 22,067 450 8,845 MANPOWER INC WIS DEB CONV ZERO CPN BD 56418HAC4 11 16,000 X 16,000 0 0 MANTECH INTL CORP CL A COM 564563104 1,117 47,070 X 300 0 46,770 MANUGISTICS GROUP INC COM 565011103 10 3,500 X 2,000 0 1,500 MANULIFE FINL CORP COM 56501R106 2,571 55,642 X 48,965 0 6,677 MAPICS INC COM 564910107 97 9,204 X 0 752 8,452 MARATHON OIL CORP COM 565849106 6,328 168,256 X 117,196 0 51,060 MARCUS CORP COM 566330106 23 900 X 900 0 0 MARINE PETROLEUM TST CBI COM 568423107 52 1,900 X 1,900 0 0 MARINE PRODS CORP COM 568427108 1 30 X 30 0 0 MARINEMAX INC COM 567908108 1,390 46,700 X 0 0 46,700 MARISA CHRISTINA INC COM 570268102 25 24,409 X 0 0 24,409 MARKEL CORP COM 570535104 794 2,180 X 2,105 0 75 MARKEL CORP LIQUID YIELD OPT NT LYON BD 570535AC8 43 100,000 X 100,000 0 0 MARKETAXESS HLDGS INC COM 57060D108 17 1,000 X 1,000 0 0 MARRIOTT INTL INC NEW CL A COM 571903202 7,629 121,131 X 90,576 3,100 27,455 MARSH & MCLENNAN CO INC COM 571748102 68,925 2,094,989 X 1,454,547 49,123 591,319 MARSHALL & ILSLEY CORP COM 571834100 3,510 79,414 X 58,265 7,000 14,149 MARTEK BIOSCIENCES CORP COM 572901106 708 13,828 X 985 0 12,843 MARTHA STEWART LIVING OMNIMEDIA INC COM 573083102 188 6,480 X 4,580 100 1,800 MARTIN MARIETTA MATLS INC COM 573284106 2,207 41,132 X 39,942 0 1,190 MARVEL ENTERPRISES INC COM 57383M108 294 14,360 X 11,260 0 3,100 MARVELL TECHNOLOGY GROUP LTD COM G5876H105 1,107 31,216 X 262 0 30,954 MASCO CORP COM 574599106 50,304 1,377,050 X 946,897 58,375 371,778 MASSACHUSETTS HEALTH & ED TAX EXEM COM 575672100 81 5,000 X 5,000 0 0 MASSEY ENERGY CORP COM 576206106 408 11,677 X 6,327 0 5,350 MASSMUTUAL PARTN INVS SH BEN INT COM 576299101 21 1,554 X 1,554 0 0 MASTEC INC COM 576323109 11 1,100 X 1,100 0 0 MATERIAL SCIENCES CORP COM 576674105 36 2,000 X 0 0 2,000 MATRIA HEALTHCARE INC NEW COM 576817209 74 1,900 X 1,500 0 400 MATRITECH INC COM 576818108 2 2,000 X 0 2,000 0 MATRIX CAP CORP COM 576819106 75 6,000 X 6,000 0 0 MATRIX SVC CO COM 576853105 17 2,100 X 2,100 0 0 MATRIXONE INC COM 57685P304 376 57,337 X 51,975 0 5,362
Page 52 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ------------- -------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- MATRIXX INITIATIVES INC COM 57685L105 1 100 X 100 0 0 MATSUSHITA ELEC INDUSTL LTD ADR COM 576879209 2,756 171,690 X 4,465 0 167,225 MATTEL INC COM 577081102 5,675 291,174 X 216,704 5,500 68,970 MATTHEWS INTL CORP CL A COM 577128101 81 2,190 X 1,775 0 415 MATTSON TECHNOLOGY INC COM 577223100 24 2,128 X 2,128 0 0 MAVERICK TUBE CORP COM 577914104 3,490 115,190 X 12,230 0 102,960 MAX RE CAPITAL LTD COM G6052F103 1 57 X 57 0 0 MAXIM INTEGRATED PRODS INC COM 57772K101 20,446 482,326 X 333,207 0 149,119 MAXIM PHARMACEUTICALS INC COM 57772M107 5 1,800 X 1,800 0 0 MAXIMUS INC COM 577933104 6,324 203,222 X 52 0 203,170 MAXTOR CORP COM 577729205 61 11,512 X 10,857 0 655 MAXXAM INC COM 577913106 64 1,960 X 567 0 1,393 MAXYGEN INC COM 577776107 33 2,557 X 2,257 0 300 MAY DEPT STORES CO COM 577778103 36,343 1,236,149 X 571,951 78,190 586,008 MAYTAG CORP COM 578592107 1,248 59,168 X 22,358 0 36,810 MB FINL INC NEW COM 55264U108 1 24 X 24 0 0 MBIA INC COM 55262C100 16,057 253,743 X 145,855 17,200 90,688 MBNA CORP COM 55262L100 73,089 2,592,709 X 1,376,979 237,325 978,405 MBT FINL CORP COM 578877102 637 27,380 X 27,180 0 200 MC CORMICK & CO INC NV COM 579780206 14,778 382,842 X 302,167 35,575 45,100 MC DONALDS CORP COM 580135101 78,573 2,450,826 X 1,793,711 44,404 612,711 MC GRAW HILL INC COM 580645109 139,776 1,526,941 X 864,432 167,109 495,400 MCAFEE INC COM 579064106 18,288 632,157 X 405,502 29,050 197,605 MCCLATCHY NEWSPAPERS INC CL A COM 579489105 455 6,340 X 5,120 0 1,220 MCCORMICK & SCHMICKS SEAFOOD REST COM 579793100 43 2,550 X 0 0 2,550 MCDATA CORP CL A COM 580031201 160 26,810 X 26,292 0 518 MCDATA CORP CL B COM 580031102 6 1,000 X 800 0 200 MCDERMOTT INTL INC COM 580037109 565 30,781 X 27,587 0 3,194 MCG CAP CORP COM 58047P107 44,984 2,626,024 X 230,442 0 2,395,582 MCGRATH RENTCORP COM 580589109 125 2,860 X 320 0 2,540 MCGRAW HILL INC CALL OPTIONS COM 58099Z9Y00999 500 45,100 CALL X 500 MCGRAW HILL INC PUT OPTIONS COM 58099Z9X20999 500 45,100 PUT X 500 MCI INC COM 552691107 52 2,560 X 1,790 0 770 MCKESSON CORP COM 58155Q103 21,423 680,963 X 313,901 36,300 330,762 MCLEODUSA INC CL A COM 582266706 9 13,187 X 510 0 12,677 MCMORAN EXPLORATION CO COM 582411104 4,996 267,160 X 417 43 266,700 MDU RES GROUP INC COM 552690109 1,798 67,393 X 25,533 1,200 40,660 MEADOWBROOK INS GROUP INC COM 58319P108 17 3,500 X 0 0 3,500 MEADWESTVACO CORP COM 583334107 10,220 301,565 X 92,719 0 208,846 MEASUREMENT SPECIALTIES INC COM 583421102 1 30 X 0 0 30 MEDAREX INC COM 583916101 2,691 249,599 X 146,757 0 102,842 MEDCO HEALTH SOLUTIONS INC COM 58405U102 18,142 436,117 X 311,523 38,446 86,148 MEDIA GENERAL INC CL A COM 584404107 224 3,460 X 1,930 0 1,530 MEDIACOM COMMUNICATIONS CORP CL A COM 58446K105 6 962 X 740 0 222 MEDICAL ACTION INDS INC COM 58449L100 6 300 X 300 0 0
Page 53 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ------------- -------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- MEDICAL STAFFING NETWORK HLDGS INC COM 58463F104 33 4,000 X 4,000 0 0 MEDICINES CO COM 584688105 965 33,495 X 795 0 32,700 MEDICIS PHARMACEUTICAL CORP CONT BD 58470KAA2 29 22,000 X 22,000 0 0 MEDICIS PHARMACEUTICAL CORP CL A NEW COM 584690309 494 14,069 X 9,730 500 3,839 MEDIMMUNE INC COM 584699102 3,590 132,415 X 106,030 7,400 18,985 MEDIS TECHNOLOGIES LTD COM 58500P107 37 2,000 X 0 0 2,000 MEDIWARE INFORMATION SYS INC COM 584946107 13 1,000 X 0 0 1,000 MEDTOX SCIENTIFIC INC COM 584977201 23 2,541 X 0 0 2,541 MEDTRONIC INC COM 585055106 484,754 9,759,465 X 6,684,134 344,852 2,730,479 MEDTRONIC INC SR CONV DEB BD 585055AB2 40 40,000 X 40,000 0 0 MELLON FINL CORP COM 58551A108 62,624 2,012,965 X 707,115 117,401 1,188,449 MEMC ELECTR MATLS INC COM 552715104 81 6,100 X 4,630 0 1,470 MENS WEARHOUSE INC COM 587118100 3,803 119,000 X 900 0 118,100 MENTOR CORP MINN COM 587188103 273 8,100 X 3,000 0 5,100 MENTOR GRAPHICS CORP COM 587200106 1,371 89,635 X 89,435 0 200 MERCANTILE BANKSHARES CORP COM 587405101 18,820 360,541 X 163,021 38,641 158,879 MERCANTILE BK CORP COM 587376104 22 565 X 565 0 0 MERCHANTS BANCSHARES INC COM 588448100 532 18,330 X 18,330 0 0 MERCK & CO INC COM 589331107 287,443 8,943,472 X 6,120,739 640,556 2,182,177 MERCURY COMPUTER SYS INC COM 589378108 12 400 X 400 0 0 MERCURY GEN CORP NEW COM 589400100 82 1,370 X 1,360 0 10 MERCURY INTERACTIVE CORP COM 589405109 814 17,872 X 7,673 0 10,199 MEREDITH CORP COM 589433101 734 13,546 X 8,961 0 4,585 MERGE TECHNOLOGIES INC COM 589981109 22 1,000 X 1,000 0 0 MERIDIAN BIOSCIENCE INC COM 589584101 40 2,298 X 2,298 0 0 MERISTAR HOSPITALITY CORP COM 58984Y103 3,476 416,390 X 222,929 0 193,461 MERIT MED SYS INC COM 589889104 15 1,000 X 1,000 0 0 MERITAGE CORP COM 59001A102 261 2,320 X 820 1,500 0 MERIX CORP COM 590049102 2 200 X 200 0 0 MERRILL LYNCH & CO INC COM 590188108 42,877 717,368 X 471,181 25,250 220,937 MERRILL LYNCH & CO INC CONV SECS EXCH BD 590188P51 53 50,000 X 50,000 0 0 MERRILL MERCHANTS BANCSHARES INC COM 59021H103 156 7,205 X 7,205 0 0 MESA AIR GROUP INC COM 590479101 94 11,900 X 11,900 0 0 MESA ROYALTY TST UBI COM 590660106 168 2,500 X 0 2,500 0 MESABI TRUST CBI COM 590672101 27 2,000 X 2,000 0 0 MESTEK INC COM 590829107 2 100 X 100 0 0 METAL MGMT INC NEW COM 591097209 2 70 X 70 0 0 METALS USA INC COM NEW COM 591324207 2,288 123,350 X 123,350 0 0 METHANEX CORP COM 59151K108 89 4,896 X 398 0 4,498 METHODE ELECTRS INC CL A COM 591520200 9 700 X 700 0 0 METLIFE INC COM 59156R108 71,785 1,772,037 X 321,159 0 1,450,878 METRIS COS INC COM 591598107 44 3,400 X 3,400 0 0 METRO ONE TELECOMMUNICATIONS INC COM 59163F105 325 204,100 X 203,163 0 937 METROCORP BANCSHARES INC COM 591650106 96 4,300 X 500 0 3,800 METRO-GOLDWYN-MAYER INC NEW COM 591610100 75 6,300 X 6,300 0 0
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MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ------------- -------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- METROLOGIC INSTRS INC COM 591676101 1,065 50,100 X 0 0 50,100 METTLER-TOLEDO INTL INC COM 592688105 2,690 52,436 X 19,860 10,000 22,576 MEXICO FUND INC COM 592835102 8 388 X 388 0 0 MFA MTG INVTS INC COM 55272X102 50 5,672 X 4,352 0 1,320 MFC BANCORP LTD NEW COM 55271X202 70 3,505 X 3,505 0 0 MFS CHARTER INCOME TR SH BEN INT COM 552727109 53 5,957 X 4,957 0 1,000 MFS GOVT MKTS INCOME TR SH BEN INT COM 552939100 44 6,635 X 6,135 0 500 MFS INTER INCOME TR SH BEN INT COM 55273C107 288 44,445 X 22,755 0 21,690 MFS MULTIMARKET INCOME TR SH BEN INT COM 552737108 89 14,004 X 6,504 2,500 5,000 MFS MUNI INCOME TR S B I COM 552738106 100 13,021 X 9,821 0 3,200 MGE ENERGY INC COM 55277P104 87 2,420 X 2,170 0 250 MGI PHARMA INC COM 552880106 2,193 78,278 X 1,968 6,600 69,710 MGIC INVT CORP WIS COM 552848103 1,704 24,721 X 20,965 0 3,756 MGM GRAND INC COM 552953101 271 3,720 X 3,520 0 200 MI DEVS INC CL A SUB VTG SHS PAYS COM 55304X104 231 7,652 X 5,398 0 2,254 MICHAELS STORES INC COM 594087108 472 15,735 X 9,610 0 6,125 MICREL INC COM 594793101 35 3,171 X 3,025 0 146 MICRO LINEAR CORP COM 594850109 1 200 X 200 0 0 MICRO THERAPEUTICS INC NEW COM 59500W100 1 300 X 300 0 0 MICROCHIP TECHNOLOGY INC COM 595017104 1,415 53,230 X 23,130 0 30,100 MICROMUSE INC COM 595094103 0 10 X 10 0 0 MICRON TECHNOLOGY INC COM 595112103 1,156 93,635 X 70,180 0 23,455 MICROS SYS INC COM 594901100 81 1,035 X 1,035 0 0 MICROSEMI CORP COM 595137100 236 13,610 X 5,910 0 7,700 MICROSOFT CORP COM 594918104 593,416 22,208,707 X 14,992,814 883,106 6,332,787 MICROSOFT CORP - CALL OPTION COM 59499Z7J90999 3,500 93,730 CALL X 3,500 MICROSOFT CORP PUT OPTION FOR COM 59499Z7H30999 10,000 267,800 PUT X 10,000 MICROSOFT CORP CALL OPTION FOR COM 59499Z7G50999 13,500 361,530 CALL X 13,500 MICROSTRATEGY INC CL A NEW COM 594972408 28 468 X 431 0 37 MICROTEK MED HLDGS INC COM 59515B109 9 2,300 X 0 0 2,300 MICROTUNE INC DEL COM 59514P109 39 6,309 X 6,309 0 0 MICROVISION INC WASH COM 594960106 6 800 X 800 0 0 MID-AMER APT CMNTYS INC COM 59522J103 1,046 25,382 X 23,132 0 2,250 MIDAS GROUP INC COM 595626102 0 20 X 0 0 20 MIDCAP SPDR TR UNIT SER 1 EXCH COM 595635103 119,856 990,544 X 954,748 415 35,381 MIDDLEBURG FINL CORP COM 596094102 928 24,720 X 0 23,400 1,320 MIDDLESEX WATER CO COM 596680108 309 16,333 X 7,400 533 8,400 MIDSOUTH BANCORP INC COM 598039105 68 2,500 X 0 0 2,500 MID-STATE BANCSHARES COM 595440108 17 600 X 400 0 200 MIDWAY GAMES INC COM 598148104 32 3,000 X 0 0 3,000 MIDWEST BANC HLDGS INC COM 598251106 157 7,200 X 7,200 0 0 MILACRON INC COM 598709103 8,034 2,370,031 X 1,397,516 0 972,515 MILLEA HLDGS INC ADR COM 60032R106 66 891 X 226 0 665 MILLENNIUM PHARMACEUTICALS INC COM 599902103 5,355 441,148 X 297,365 0 143,783 MILLENNIUM PHARMACEUTICALS INC CONV BD 599902AB9 152 150,000 X 150,000 0 0
Page 55 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ------------- -------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- MILLER HERMAN INC COM 600544100 25,881 936,684 X 598,520 48,500 289,664 MILLER INDS INC TENN COM 600551204 0 20 X 20 0 0 MILLICOM INTERNATIONAL CELLULAR SA COM L6388F110 27 1,200 X 0 0 1,200 MILLIPORE CORP COM 601073109 6,166 123,786 X 71,109 9,267 43,410 MILLS CORP COM 601148109 497 7,800 X 2,250 0 5,550 MIM CORP COM 553044108 191 30,000 X 0 0 30,000 MIND CTI LTD COM M70240102 0 42 X 0 0 42 MINDSPEED TECHNOLOGIES INC COM 602682106 21 7,533 X 7,472 0 61 MINE SAFETY APPLIANCES CO COM 602720104 842 16,600 X 900 0 15,700 MINERALS TECHNOLOGIES INC COM 603158106 13 200 X 200 0 0 MIPS TECHNOLOGIES INC COM 604567107 2 155 X 155 0 0 MISSION RES CORP COM 605109107 12 2,000 X 2,000 0 0 MISSION WEST PPTYS INC MD COM 605203108 98 9,200 X 9,200 0 0 MITCHELLS & BUTLERS PLC SPONSORED ADR COM 60668M207 3 410 X 410 0 0 MITSUBISHI TOKYO FINL GROUP INC SPON COM 606816106 125 12,260 X 7,860 0 4,400 MITY-LITE INC COM 606850105 4 300 X 300 0 0 MKS INSTRS INC COM 55306N104 19 1,000 X 1,000 0 0 ML MACADAMIA ORCHARDS L P DEPO COM 55307U107 1 100 X 0 0 100 MMO2 PLC ADR COM 55309W101 12 500 X 500 0 0 MOBILE MINI INC COM 60740F105 1,679 50,825 X 1,000 0 49,825 MOCON INC COM 607494101 232 24,700 X 24,700 0 0 MODINE MFG CO COM 607828100 430 12,739 X 1,000 0 11,739 MOHAWK INDS INC COM 608190104 21,600 236,715 X 88,925 3,200 144,590 MOLECULAR DEVICES CORP COM 60851C107 4 200 X 200 0 0 MOLEX INC COM 608554101 8,534 284,466 X 114,432 11,886 158,148 MOLEX INC CL A COM 608554200 61,579 2,310,636 X 1,371,380 137,326 801,930 MOLINA HEALTHCARE INC COM 60855R100 9 200 X 200 0 0 MONACO COACH CORP COM 60886R103 4 200 X 200 0 0 MONEYGRAM INTL INC COM 60935Y109 42,976 2,032,909 X 378,645 400 1,653,864 MONMOUTH REAL ESTATE INVT CORP CL A COM 609720107 46 5,300 X 0 0 5,300 MONSANTO CO NEW COM 61166W101 49,001 882,101 X 619,694 20,996 241,411 MONSTER WORLDWIDE INC COM 611742107 410 12,185 X 10,875 0 1,310 MONTEREY PASTA CO COM 612570101 10 3,000 X 3,000 0 0 MONTPELIER RE HOLDINGS LTD PAY COM G62185106 727 18,900 X 5,650 4,500 8,750 MOODYS CORP COM 615369105 41,120 473,460 X 349,223 11,900 112,337 MOOG INC CL A COM 615394202 31 681 X 681 0 0 MORGAN STANLEY ASIA-PAC FD INC COM 61744U106 93 7,267 X 267 0 7,000 MORGAN STANLEY DEAN WITTER & CO NEW COM 617446448 224,978 4,052,185 X 1,577,239 158,590 2,316,356 MORGAN STANLEY DEAN WITTER CALIF INSD COM 61745P502 86 6,500 X 6,500 0 0 MORGAN STANLEY DEAN WITTER INSD CALI COM 61745P825 7 500 X 500 0 0 MORGAN STANLEY DEAN WITTER INSD MUN COM 61745P791 11 820 X 575 0 245 MORGAN STANLEY DEAN WITTER INSD MUN COM 61745P866 100 7,326 X 7,321 0 5 MORGAN STANLEY DEAN WITTER MUN INCO COM 61745P437 33 4,000 X 4,000 0 0 MORGAN STANLEY DEAN WITTER MUN INCO COM 61745P445 31 4,000 X 4,000 0 0 MORGAN STANLEY DEAN WITTER MUN PREM COM 61745P429 12 1,290 X 1,290 0 0
Page 56 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ------------- -------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- MORGAN STANLEY DEAN WITTER N Y QUAL COM 61745P528 103 7,504 X 4,167 0 3,337 MORGAN STANLEY DEAN WITTER QUALITY MUN COM 61745P585 14 1,000 X 1,000 0 0 MORGAN STANLEY DEAN WITTER QUALITY MUN COM 61745P668 66 4,905 X 4,905 0 0 MORGAN STANLEY DEAN WITTER QUALITY MUN COM 61745P734 192 14,178 X 11,305 0 2,873 MORGAN STANLEY EMERGING MKTS DEBT FD I COM 61744H105 162 16,855 X 6,255 0 10,600 MORGAN STANLEY EMERGING MKTS FD INC COM 61744G107 485 27,618 X 22,800 0 4,818 MORGAN STANLEY HIGH YIELD FD INC COM 61744M104 9 1,450 X 200 0 1,250 MORGAN STANLEY INDIA INVT FD INC COM 61745C105 28 893 X 893 0 0 MOSAIC CO COM 61945A107 185 11,322 X 7,154 299 3,869 MOSCOW CABLECOM CORP COM 61945R100 1,504 245,000 X 0 0 245,000 MOTIVE INC COM 61980V107 556 48,900 X 0 0 48,900 MOTOROLA INC COM 620076109 33,723 1,960,594 X 1,441,237 64,850 454,507 MOVIE GALLERY INC COM 624581104 310 16,282 X 232 0 16,050 MPS GROUP INC COM 553409103 152 12,405 X 2,280 0 10,125 MRO SOFTWARE INC COM 55347W105 339 26,000 X 3,600 0 22,400 MRV COMMUNICATIONS INC COM 553477100 15 4,010 X 4,010 0 0 MSC INDL DIRECT INC CL A COM 553530106 2,660 73,920 X 1,600 0 72,320 MSC SOFTWARE CORP COM 553531104 89 8,538 X 3,148 0 5,390 MTC TECHNOLOGIES INC COM 55377A106 20 600 X 600 0 0 MTR GAMING GROUP INC COM 553769100 60 5,700 X 5,700 0 0 MUELLER INDS INC COM 624756102 20,194 627,139 X 224,524 9,300 393,315 MULTIMEDIA GAMES INC COM 625453105 55 3,500 X 0 0 3,500 MUNIASSETS FD INC COM 62618Q106 0 22 X 0 0 22 MUNICIPAL MTG & EQUITY L L C GROW COM 62624B101 726 26,676 X 18,300 0 8,376 MUNIENHANCED FD INC COM 626243109 102 9,400 X 3,900 0 5,500 MUNIHOLDINGS CALIF INSD FD II INC COM 625933106 20 1,436 X 1,436 0 0 MUNIHOLDINGS FLA INSD FD COM 62624W105 115 7,574 X 6,600 0 974 MUNIHOLDINGS INSD FD INC COM 625930102 102 7,125 X 5,400 0 1,725 MUNIHOLDINGS N Y INSD FD INC COM 625931100 264 18,759 X 478 0 18,281 MUNIHOLDINGS NEW JERSEY INSD FD INC COM 625936109 71 4,734 X 3,034 0 1,700 MUNIVEST FD II INC COM 62629P105 82 5,385 X 5,385 0 0 MUNIVEST FD INC COM 626295109 441 46,615 X 41,325 0 5,290 MUNIYIELD CALIF FD INC COM 626296107 103 7,265 X 7,265 0 0 MUNIYIELD CALIF INSD FD II INC COM 62629L104 19 1,449 X 1,449 0 0 MUNIYIELD FD INC COM 626299101 362 26,067 X 26,067 0 0 MUNIYIELD FLA FD COM 626297105 110 7,782 X 7,782 0 0 MUNIYIELD INSD FD INC COM 62630E107 50 3,553 X 0 0 3,553 MUNIYIELD N J FD INC COM 62630L101 114 7,752 X 1,552 0 6,200 MUNIYIELD N J INSD FD INC COM 625921101 147 9,646 X 6,646 0 3,000 MUNIYIELD N Y INSD FUND INC COM 626301105 49 3,847 X 1,006 0 2,841 MUNIYIELD PA FD COM 62630V109 13 800 X 0 0 800 MUNIYIELD QUALITY FD II INC CLOSED END COM 62630T104 9 700 X 0 0 700 MUNIYIELD QUALITY FD INC COM 626302103 1,103 76,640 X 33,990 0 42,650 MURPHY OIL CORP COM 626717102 7,817 97,169 X 27,605 0 69,564 MVC CAP COM 553829102 34 3,750 X 3,750 0 0
Page 57 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ------------- -------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- MYERS INDS INC COM 628464109 8 650 X 550 0 100 MYKROLIS CORP COM 62852P103 454 32,028 X 9,883 1,353 20,792 MYLAN LABORATORIES INC COM 628530107 1,253 70,856 X 53,861 0 16,995 MYOGEN INC COM 62856E104 330 40,900 X 1,600 0 39,300 MYRIAD GENETICS INC COM 62855J104 64 2,850 X 2,850 0 0 MYSTIC FINL INC COM 628643108 1 25 X 0 0 25 N.S. GROUP INC COM 628916108 1,676 60,300 X 5,900 0 54,400 NABI BIOPHARMACEUTICALS COM 629519109 10 700 X 500 0 200 NABORS INDUSTRIES LTD SHS PAYS COM G6359F103 46,662 909,767 X 427,369 6,225 476,173 NACCO INDS INC CL A COM 629579103 2,009 19,062 X 19,062 0 0 NAM TAI ELECTRS INC PAR $0.01 COM 629865205 11 560 X 560 0 0 NANOGEN INC COM 630075109 23 3,100 X 3,100 0 0 NARA BANCORP INC COM 63080P105 21 1,000 X 1,000 0 0 NASDAQ 100 OPTIONS U/L CUSIP COM 63199X9M00999 10,000 385,400 PUT X 10,000 NASDAQ 100 TR UNIT SER 1 ETF COM 631100104 11,599 290,583 X 246,278 1,725 42,580 NASH FINCH CO COM 631158102 72 1,900 X 800 0 1,100 NASHUA CORP COM 631226107 1 100 X 0 0 100 NASTECH PHARMACEUTICAL INC COM 631728409 3,952 326,650 X 168,300 22,000 136,350 NATIONAL AUSTRALIA BK LTD ADR NEW COM 632525408 313 2,790 X 2,190 0 600 NATIONAL AUSTRALIA BK LTD CAP UNIT EXCH PFD 632525309 35 930 X 930 0 0 NATIONAL CITY CORP COM 635405103 31,170 830,086 X 687,441 43,000 99,645 NATIONAL FINL PARTNERS CORP COM 63607P208 31 800 X 700 0 100 NATIONAL FUEL GAS CO COM 636180101 9,235 325,847 X 139,000 3,700 183,147 NATIONAL GRID GROUP PLC SPONSORED ADR COM 636274102 72 1,509 X 1,509 0 0 NATIONAL HEALTH INVS INC USD0 COM 63633D104 102 3,500 X 2,500 1,000 0 NATIONAL HEALTH RLTY INC COM 635905102 26 1,300 X 1,300 0 0 NATIONAL HEALTHCARE CORP COM 635906100 4 100 X 100 0 0 NATIONAL INSTRS CORP COM 636518102 37,303 1,368,914 X 996,831 47,550 324,533 NATIONAL PENN BANCSHARES INC COM 637138108 100 3,624 X 3,307 0 317 NATIONAL PRESTO INDUSTRIES INC COM 637215104 18 400 X 0 0 400 NATIONAL SEMICONDUCTOR CORP COM 637640103 1,385 77,181 X 53,910 0 23,271 NATIONAL WESTMINSTER BK PLC SPON PFD 638539882 26 1,000 X 1,000 0 0 NATIONAL WESTMINSTER BK PLC ADR SER PFD 638539700 671 26,411 X 21,261 0 5,150 NATIONAL-OILWELL INC COM 637071101 2,422 68,633 X 10,555 0 58,078 NATIONWIDE FINL SVCS INC CL A COM 638612101 1,677 43,874 X 34,302 150 9,422 NATIONWIDE HEALTH PPTYS INC COM 638620104 1,138 47,909 X 34,846 6,300 6,763 NATURAL RESOURCE PARTNERS L P UNIT COM 63900P103 127 2,200 X 2,200 0 0 NATURES SUNSHINE PRODS INC COM 639027101 26 1,300 X 1,300 0 0 NATUS MED INC DEL COM 639050103 145 18,132 X 9,766 0 8,366 NAUTILUS GROUP INC COM 63910B102 2,053 84,937 X 7,337 0 77,600 NAVIGANT CONSULTING INC COM 63935N107 2,429 91,324 X 500 0 90,824 NAVIGANT INTL INC COM 63935R108 49 4,004 X 4,004 0 0 NAVIGATORS GROUP INC COM 638904102 3 100 X 100 0 0 NAVISTAR INTL CORP NEW COM 63934E108 398 9,039 X 7,822 0 1,217 NAVTEQ CORP COM 63936L100 31 660 X 510 0 150
Page 58 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE (IN SHARES PUT/ SOLE SHAR NO NAME OF ISSUER TITLE CUSIP THOUSANDS) OWNED CALL SOLE SHARED MANAGER VOTE VOTE VOTE --------------------------------- ----- ------------- --------- --------- ---- ---- ------ ------- -------- -------- --------- NBT BANCORP INC COM 628778102 141 5,500 X 5,180 0 320 NBTY INC COM 628782104 161 6,709 X 6,709 0 0 NCI BLDG SYS INC COM 628852105 2,306 61,500 X 39,875 0 21,625 NCO GROUP INC COM 628858102 107 4,150 X 4,150 0 0 NCR CORPORATION COM 62886E108 7,714 111,423 X 12,758 37 98,628 NDCHEALTH CORP COM 639480102 73 3,930 X 860 0 3,070 NEENAH PAPER INC COM 640079109 897 27,503 X 20,720 379 6,404 NEIGHBORCARE INC COM 64015Y104 6 200 X 100 0 100 NEIMAN-MARCUS GROUP INC CL A COM 640204202 194 2,712 X 2,512 0 200 NEIMAN-MARCUS GROUP INC CL B COM 640204301 163 2,442 X 2,442 0 0 NEKTAR THEARPEUTICS COM 640268108 170 8,397 X 5,185 0 3,212 NELNET INC CL A COM 64031N108 3 100 X 100 0 0 NELSON THOMAS INC COM COM 640376109 11 500 X 300 0 200 NEOFORMA INC NEW COM 640475505 7 959 X 959 0 0 NEOMAGIC CORP COM 640497103 25 20,300 X 0 6,600 13,700 NEON SYS INC COM 640509105 58 16,300 X 0 3,200 13,100 NEOPHARM INC COM 640919106 10 800 X 800 0 0 NEOSE TECHNOLOGIES INC COM 640522108 1 200 X 200 0 0 NEOWARE SYS INC COM 64065P102 51 5,500 X 5,500 0 0 NET2PHONE INC COM 64108N106 21 6,200 X 6,100 0 100 NETBANK INC COM 640933107 89 8,544 X 6,344 0 2,200 NETFLIX COM INC COM 64110L106 29 2,390 X 2,360 0 30 NETGEAR INC COM 64111Q104 42 2,300 X 2,300 0 0 NETIQ CORP COM 64115P102 63 5,200 X 5,200 0 0 NETRATINGS INC COM 64116M108 17 900 X 900 0 0 NETSMART TECHNOLOGIES INC NEW COM 64114W306 22 2,500 X 2,500 0 0 NETWORK APPLIANCE INC COM 64120L104 5,163 155,423 X 94,753 0 60,670 NETWORK APPLIANCE INC CALL COM 64Z99B9980999 1,500 47,175 CALL X 1,500 NETWORK EQUIP TECHNOLOGIES COM COM 641208103 98 10,000 X 10,000 0 0 NEUBERGER BERMAN INCOME OPPO COM 64126L108 246 16,333 X 16,333 0 0 NEUBERGER BERMAN INTER MUN FD INC COM 64124P101 22 1,700 X 1,700 0 0 NEUBERGER BERMAN REAL ESTATE SECS INCO COM 64190A103 15 1,000 X 1,000 0 0 NEUROBIOLOGICAL TECHNOLOGIES INC COM 64124W106 3 700 X 0 0 700 NEUROCRINE BIOSCIENCES INC COM 64125C109 310 6,278 X 4,710 0 1,568 NEW CENTY FINL CORP MD COM 6435EV108 106 1,661 X 1,111 0 550 NEW ENGLAND RLTY ASSOC LTD PART COM 644206104 35 400 X 400 0 0 NEW GERMANY FD INC COM 644465106 8 900 X 900 0 0 NEW HAMPSHIRE THRIFT BANCSHARES INC COM 644722100 285 8,700 X 8,200 0 500 NEW IRELAND FD INC COM 645673104 11 513 X 513 0 0 NEW JERSEY RESOURCES CORP COM 646025106 8,659 199,787 X 117,544 3,500 78,743 NEW PLAN EXCEL RLTY TR INC COM 648053106 2,143 79,120 X 32,820 6,600 39,700 NEW YORK & CO INC COM 649295102 1 37 X 37 0 0 NEW YORK CMNTY BANCORP INC COM 649445103 25,257 1,227,839 X 594,268 25,512 608,059 NEW YORK CMNTY CAP TR V CUM CONV PFD PFD 64944P307 25 445 X 445 0 0 NEW YORK TIMES CO CL A COM 650111107 22,107 541,838 X 460,911 18,814 62,113
Page 59 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE (IN SHARES PUT/ SOLE SHAR NO NAME OF ISSUER TITLE CUSIP THOUSANDS) OWNED CALL SOLE SHARED MANAGER VOTE VOTE VOTE --------------------------------- ----- --------- --------- ----------- ---- ---- ------ ------- --------- --------- --------- NEWALLIANCE BANCSHARES INC COM 650203102 301 19,670 X 1,000 0 18,670 NEWCASTLE INVT CORP NEW COM 65105M108 505 15,900 X 14,900 0 1,000 NEWELL RUBBERMAID INC COM 651229106 204,996 8,474,400 X 3,610,264 293,475 4,570,661 NEWFIELD EXPL CO COM 651290108 6,944 117,600 X 11,871 200 105,529 NEWMARKET CORP COM 651587107 58 2,920 X 2,600 0 320 NEWMONT MINING CORP COM 651639106 14,722 331,486 X 198,262 10,650 122,574 NEWPARK RES INC PAR $0.01 NEW COM 651718504 73 14,200 X 10,700 0 3,500 NEWPORT CORP COM 651824104 378 26,800 X 26,800 0 0 NEWS CORP CL A COM 65248E104 148,773 7,972,834 X 4,678,275 186,153 3,108,406 NEWS CORP CL B COM 65248E203 31,221 1,626,102 X 965,980 76,900 583,222 NEXEN INC COM 65334H102 33 800 X 0 0 800 NEXSTAR BROADCASTING GROUP INC CL A COM 65336K103 15 1,600 X 1,600 0 0 NEXTEL COMMUNICATIONS INC CL A COM 65332V103 133,556 4,450,378 X 1,181,598 241,867 3,026,913 NEXTEL COMMUNICATIONS INC CONV SR NT BD 65332VAY9 138 135,000 X 105,000 0 30,000 NEXTEL PARTNERS INC CL A COM 65333F107 558 28,545 X 3,030 0 25,515 NIC INC COM 62914B100 5 1,000 X 0 0 1,000 NICOR INC COM 654086107 2,107 57,043 X 24,193 0 32,850 NII HLDGS INC CL B NEW COM 62913F201 369 7,785 X 1,275 0 6,510 NIKE INC CL B COM 654106103 6,192 68,277 X 41,588 0 26,689 NIKU CORP NEW COM 654113703 1 38 X 38 0 0 NIPPON TELEG & TEL CORP SPONSORED ADR COM 654624105 342 15,165 X 13,560 0 1,605 NISOURCE INC COM 65473P105 1,582 69,465 X 40,188 0 29,277 NISSAN MOTOR SPONSORED ADR COM 654744408 4,324 197,252 X 148,335 4,600 44,317 NITROMED INC COM 654798503 107 4,000 X 4,000 0 0 NL INDS INC COM NEW COM 629156407 120 5,422 X 4,534 0 888 NMS COMMUNICATIONS CORP COM 629248105 205 32,500 X 5,500 4,800 22,200 NN INC COM 629337106 37 2,800 X 0 0 2,800 NOBLE CORP PAYS COM G65422100 22,622 454,795 X 105,140 3,500 346,155 NOBLE ENERGY INC COM 655044105 51,471 834,750 X 29,767 0 804,983 NOBLE INTERNATIONAL LTD COM 655053106 306 15,000 X 15,000 0 0 NOKIA CORP SPONSORED ADR COM 654902204 178,980 11,421,826 X 5,256,493 595,853 5,569,480 NOMURA HLDGS INC SPONSORED ADR COM 65535H208 400 27,500 X 700 0 26,800 NORAM ENERGY CORP SUB DEB CONV BD 655419AC3 78 78,000 X 78,000 0 0 NORANDA INC COM 655422103 158 9,000 X 9,000 0 0 NORDIC AMERICAN TANKER SHIPPING LIMI COM G65773106 81 2,066 X 530 0 1,536 NORDSON CORP COM 655663102 101 2,525 X 2,500 0 25 NORDSTROM INC COM 655664100 4,006 85,736 X 40,761 0 44,975 NORFOLK SOUTHERN CORP COM 655844108 29,503 815,237 X 510,928 82,296 222,013 NORSK HYDRO A S SPONSORED ADR COM 656531605 1,640 20,838 X 16,788 0 4,050 NORSTAN INC COM 656535101 6 1,000 X 1,000 0 0 NORTEL NETWORKS CORP NEW COM 656568102 5,883 1,695,308 X 1,108,461 9,700 577,147 NORTEL NETWORKS CORP NEW GTD SR NT CONV BD 656568AB8 97 100,000 X 100,000 0 0 NORTH AMERN PALLADIUM LTD COM 656912102 187 22,798 X 20,398 0 2,400 NORTH AMERN SCIENTIFIC INC COM 65715D100 25 4,603 X 1,903 0 2,700 NORTH EUROPEAN OIL ROYALTY TRUST CTFS COM 659310106 973 42,864 X 29,564 5,000 8,300
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MARKET VALUE (IN SHARES PUT/ SOLE SHAR NO NAME OF ISSUER TITLE CUSIP THOUSANDS) OWNED CALL SOLE SHARED MANAGER VOTE VOTE VOTE --------------------------------- ----- --------- --------- ----------- ---- ---- ------ ------- --------- --------- --------- NORTH FORK BANCORPORATION INC N Y COM 659424105 133,117 4,614,092 X 2,811,870 315,050 1,487,172 NORTH PITTSBURGH SYS INC COM 661562108 84 3,400 X 3,400 0 0 NORTHEAST BANCORP COM 663904100 16 700 X 0 0 700 NORTHEAST UTILITIES CO COM 664397106 372 19,723 X 13,150 693 5,880 NORTHERN BORDER PARTNERS L P UNIT LTD COM 664785102 2,675 55,516 X 32,783 0 22,733 NORTHERN TRUST CORP COM 665859104 59,262 1,219,872 X 1,084,114 34,700 101,058 NORTHRIM BANCORP INC COM 666762109 12 500 X 500 0 0 NORTHROP GRUMMAN CORP COM 666807102 10,326 189,969 X 157,047 191 32,731 NORTHWAY FINL INC COM 667270102 237 7,100 X 7,100 0 0 NORTHWEST AIRLS CORP CL A COM 667280101 204 18,650 X 18,600 0 50 NORTHWEST BANCORP INC PA COM 667328108 10 400 X 400 0 0 NORTHWEST NATURAL GAS CO COM 667655104 489 14,504 X 9,304 0 5,200 NORTHWEST PIPE CO COM 667746101 40 1,600 X 0 0 1,600 NORTHWESTERN CORP NEW COM 668074305 494 17,648 X 17,648 0 0 NOVA CHEMICALS CORP COM 66977W109 2,338 49,428 X 10,200 0 39,228 NOVARTIS AG SPONSORED ADR COM 66987V109 47,916 948,086 X 607,045 33,340 307,701 NOVASTAR FINL INC COM 669947400 381 7,700 X 7,600 0 100 NOVAVAX INC COM 670002104 65 20,000 X 20,000 0 0 NOVELL INC COM 670006105 297 43,970 X 30,420 0 13,550 NOVELLUS SYS INC COM 670008101 935 33,527 X 22,971 0 10,556 NOVEN PHARMACEUTICALS INC COM 670009109 6,844 401,153 X 374,178 0 26,975 NOVO-NORDISK A S ADR COM 670100205 74,930 1,380,945 X 762,466 50,535 567,944 NPS PHARMACEUTICALS INC COM 62936P103 1,030 56,345 X 50,345 0 6,000 NRG ENERGY INC NEW COM 629377508 121 3,370 X 640 0 2,730 NSTAR COM 67019E107 1,033 19,023 X 17,894 0 1,129 NTL INC DEL COM 62940M104 263 3,603 X 2,893 0 710 NTL INC DEL SER A WTS EXPI WT 62940M138 0 95 X 36 0 59 NTN COMMUNICATIONS INC NEW COM 629410309 2 700 X 0 0 700 NTT DOCOMO INC SPONSORED ADR COM 62942M201 9 492 X 492 0 0 NU SKIN ENTERPRISES INC COM 67018T105 36 1,404 X 1,304 0 100 NUANCE COMMUNICATIONS INC COM 669967101 21 5,180 X 5,180 0 0 NUCOR CORP COM 670346105 7,918 151,268 X 101,728 0 49,540 NUTRITION 21 INC COM 67069V108 5 4,700 X 4,700 0 0 NUVASIVE INC COM 670704105 10 1,000 X 1,000 0 0 NUVEEN CALIF DIVID ADVANTAGE MUN FD COM 67066Y105 112 7,500 X 7,500 0 0 NUVEEN CALIF INVT QUALITY MUN FD INC COM 67062A101 15 1,027 X 1,027 0 0 NUVEEN CALIF MUN VALUE FD INC COM 67062C107 14 1,500 X 1,500 0 0 NUVEEN CALIF PERFORMANCE PLUS MUN FD I COM 67062Q106 49 3,500 X 3,500 0 0 NUVEEN CALIF QUALITY INCOME MUN FD INC COM 670985100 8 532 X 532 0 0 NUVEEN CALIF SELECT QUALITY MUN FD INC COM 670975101 158 11,000 X 11,000 0 0 NUVEEN CONN DIVID ADVANTAGE MUN FD 3 CO COM 67071Y108 18 1,335 X 1,335 0 0 NUVEEN CONN DIVID ADVANTAGE MUN FD SH B COM 67069T103 16 1,000 X 0 0 1,000 NUVEEN CONN PREM INCOME MUN FD SH BEN COM 67060D107 374 24,600 X 12,000 1,600 11,000 NUVEEN DIVID ADVANTAGE MUN FD COM 67066V101 219 14,754 X 10,754 0 4,000 NUVEEN DIVID ADVANTAGE MUN FD 2 COM 67070F100 26 1,667 X 1,667 0 0
Page 61 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE (IN SHARES PUT/ SOLE SHAR NO NAME OF ISSUER TITLE CUSIP THOUSANDS) OWNED CALL SOLE SHARED MANAGER VOTE VOTE VOTE --------------------------------- ----- --------- --------- ----------- ---- ---- ------ ------- --------- --------- --------- NUVEEN DIVID ADVANTAGE MUN FD 3 COM 67070X101 261 18,375 X 18,375 0 0 NUVEEN FLA INVT QUALITY MUN FD COM 670970102 266 17,500 X 6,000 0 11,500 NUVEEN INSD CALIF PREM INCOME MUN FD 2 COM 67061U108 18 1,200 X 1,200 0 0 NUVEEN INSD CALIF PREM INCOME MUN FD I COM 67061X102 100 6,200 X 6,200 0 0 NUVEEN INSD CALIF SELECT TAX FREE INCO COM 67063R103 68 5,175 X 5,175 0 0 NUVEEN INSD DIVID ADVANTAGE MUN FD COM 67071L106 18 1,300 X 1,300 0 0 NUVEEN INSD FLA PREMIUM COM 67101V108 298 18,516 X 18,516 0 0 NUVEEN INSD MUN OPPORTUNITY FD INC COM 670984103 301 19,079 X 16,412 0 2,667 NUVEEN INSD N Y PREM INCOME MUN FD INC COM 67101R107 166 10,941 X 10,000 0 941 NUVEEN INSD N Y SELECT TAX FREE INCO COM 67063V104 452 34,275 X 21,325 0 12,950 NUVEEN INSD PREM INCOME MUN FD 2 COM 6706D8104 41 3,100 X 3,100 0 0 NUVEEN INSD QUALITY MUN FD INC COM 67062N103 98 6,300 X 6,300 0 0 NUVEEN INSD TAX-FREE ADVANTAGE MUN FD COM 670657105 14 1,000 X 1,000 0 0 NUVEEN INVT QUALITY MUN FD INC COM 67062E103 69 4,649 X 4,649 0 0 NUVEEN INVTS INC CL A COM 67090F106 1,130 28,640 X 13,610 0 15,030 NUVEEN MASS PREM INCOME MUN FD COM 67061E104 176 11,100 X 6,000 0 5,100 NUVEEN MICH DIVID ADVANTAGE MUN FD COM 67070W103 33 2,100 X 2,100 0 0 NUVEEN MUN ADVANTAGE FD INC COM 67062H106 9 613 X 613 0 0 NUVEEN MUN HIGH INCOME OPPORTUNITY FD COM 670682103 9 600 X 600 0 0 NUVEEN MUN MKT OPPORTUNITY FD INC COM 67062W103 42 2,963 X 2,963 0 0 NUVEEN MUN VALUE FD INC COM 670928100 266 28,965 X 21,465 0 7,500 NUVEEN N C PREM INCOME MUN FD COM 67060P100 79 4,500 X 4,500 0 0 NUVEEN N J INVT QUALITY MUN FD INC COM 670971100 418 27,415 X 17,730 4,000 5,685 NUVEEN N J PREM INCOME MUN FD INC COM 67101N106 195 12,306 X 6,000 0 6,306 NUVEEN N Y DIVID ADVANTAGE MUN FD COM 67066X107 264 17,000 X 2,000 0 15,000 NUVEEN N Y INVT QUALITY MUN FD INC COM 67062X101 246 15,891 X 3,998 0 11,893 NUVEEN N Y MUN VALUE FD INC COM 67062M105 340 37,872 X 35,675 0 2,197 NUVEEN N Y PERFORMANCE PLUS MUN FD INC COM 67062R104 175 11,231 X 8,740 0 2,491 NUVEEN N Y QUALITY INCOME MUN FD INC COM 670986108 98 6,775 X 300 0 6,475 NUVEEN N Y SELECT QUALITY MUN FD INC COM 670976109 86 5,546 X 46 0 5,500 NUVEEN NEW JERSEY DIVID ADVANTAGE MUN COM 67069Y102 156 10,300 X 0 10,300 0 NUVEEN NEW JERSEY DIVID ADVANTAGE MUN COM 67071T109 81 5,400 X 0 5,400 0 NUVEEN NORTH CAROLINA DIVID ADVA COM 67071D104 79 5,000 X 5,000 0 0 NUVEEN PA INVT QUALITY MUN FD COM COM 670972108 79 5,130 X 0 0 5,130 NUVEEN PERFORMANCE PLUS MUN FD INC COM 67062P108 330 22,780 X 22,780 0 0 NUVEEN PFD & CONV INCOME FD COM 67073B106 57 4,000 X 2,000 0 2,000 NUVEEN PFD & CONV INCOME FD 2 COM SHS COM 67073D102 186 13,409 X 13,409 0 0 NUVEEN PREM INCOME MUN FD 2 INC COM 67063W102 144 10,250 X 10,250 0 0 NUVEEN PREM INCOME MUN FD 4 INC COM 6706K4105 30 2,465 X 2,465 0 0 NUVEEN PREM INCOME MUN FD INC COM 67062T100 269 19,378 X 7,288 0 12,090 NUVEEN PREMIER INSD MUN INCOME FD INC COM 670987106 163 10,882 X 10,882 0 0 NUVEEN PREMIER MUN INCOME FD INC COM 670988104 131 9,433 X 3,250 0 6,183 NUVEEN QUALITY INCOME MUN FD INC COM 670977107 632 44,697 X 38,664 0 6,033 NUVEEN QUALITY PFD INCOME FD COM 67071S101 54 3,824 X 3,824 0 0 NUVEEN QUALITY PFD INCOME FD 3 COM COM 67072W101 29 2,000 X 2,000 0 0
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MARKET VALUE (IN SHARES PUT/ SOLE SHAR NO NAME OF ISSUER TITLE CUSIP THOUSANDS) OWNED CALL SOLE SHARED MANAGER VOTE VOTE VOTE --------------------------------- ----- --------- --------- ----------- ---- ---- ------ ------- --------- --------- --------- NUVEEN QUALITY PFD INCOME FD II COM 67072C105 300 20,860 X 20,860 0 0 NUVEEN REAL ESTATE INCOME FD COM 67071B108 83 4,000 X 4,000 0 0 NUVEEN SELECT MAT MUN FD SH BEN INT COM 67061T101 5 500 X 500 0 0 NUVEEN SELECT QUALITY MUN FD INC COM 670973106 64 4,245 X 4,245 0 0 NUVEEN SELECT TAX FREE INCOME PORT COM 67063C106 15 1,119 X 1,119 0 0 NUVEEN SELECT TAX FREE INCOME PORT COM 67063X100 322 24,892 X 24,892 0 0 NUVEEN SELECT TAX-FREE INCOME PORT COM 67062F100 11 800 X 800 0 0 NUVEEN TEX QUALITY INCOME MUN FD COM 670983105 74 4,951 X 4,951 0 0 NUVELO INC NEW COM 67072M301 2 200 X 0 0 200 NVIDIA CORP COM 67066G104 568 24,090 X 21,640 0 2,450 NVR INC COM 62944T105 100 130 X 130 0 0 NYFIX INC COM 670712108 12 2,000 X 2,000 0 0 NYMAGIC INC COM 629484106 61 2,426 X 426 2,000 0 O CHARLEYS INC COM 670823103 30 1,530 X 500 0 1,030 O REILLY AUTOMOTIVE INC COM 686091109 3,476 77,166 X 57,091 10,000 10,075 OAK INDS INC SUB NT CONV BD 671400AL3 26 25,000 X 25,000 0 0 OAKLEY INC COM 673662102 15,316 1,201,250 X 273,050 0 928,200 OCA INC COM 67083Q101 20 3,100 X 3,100 0 0 OCCIDENTAL PETROLEUM CORP COM 674599105 43,584 746,808 X 408,708 34,200 303,900 OCEAN BIO CHEM INC COM 674631106 1 667 X 0 0 667 OCEANEERING INTL INC COM 675232102 11,304 302,900 X 3,900 0 299,000 OCEANFIRST FINANCIAL CORP COM 675234108 52 2,100 X 2,100 0 0 OCTEL CORP COM 675727101 1,387 66,665 X 38,604 0 28,061 OCULAR SCIENCES INC COM 675744106 25 500 X 500 0 0 ODYSSEY HEALTHCARE INC COM 67611V101 41 2,985 X 1,795 0 1,190 ODYSSEY RE HLDGS CORP COM 67612W108 83 3,300 X 300 0 3,000 OFFICE DEPOT INC COM 676220106 667 38,436 X 27,150 0 11,286 OFFICEMAX INC DEL COM 67622P101 17,845 568,663 X 287,443 890 280,330 OFFSHORE LOGISTICS INC COM 676255102 103 3,170 X 3,170 0 0 OGE ENERGY CORP COM 670837103 3,372 127,207 X 57,005 2,800 67,402 OHIO CASUALTY CORP COM 677240103 42 1,800 X 1,600 0 200 OIL STS INTL INC COM 678026105 9 490 X 490 0 0 OIL SVC HOLDRS TR OIL SVC HOLDRS DEPO COM 678002106 68 800 X 700 0 100 OLD DOMINION FGHT LINES INC COM 679580100 1,061 30,500 X 300 0 30,200 OLD NATL BANCORP IND COM 680033107 106 4,110 X 4,110 0 0 OLD REPUBLIC INTL CORP COM 680223104 1,783 70,490 X 22,761 0 47,729 OLD SECOND BANCORP INC DEL COM 680277100 7 220 X 20 0 200 OLIN CORP COM NEW COM 680665205 322 14,618 X 8,300 0 6,318 OLYMPLC STL INC COM 68162K106 53 2000 X 2,000 0 0 OM GROUP INC COM 670872100 1,250 38,554 X 23,489 0 15,065 OMEGA FINL CORP COM 682092101 152 4,421 X 800 0 3,621 OMEGA HEALTHCARE INVS INC COM 681936100 7 630 X 0 0 630 OMEGA PROTEIN CORP COM 68210P107 9 1,000 X 1,000 0 0 OMI CORPORATION COM Y6476W104 571 33,889 X 614 33,000 275 OMNICARE INC COM 681904108 1,203 34,738 X 27,518 3,200 4,020
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MARKET VALUE (IN SHARES PUT/ SOLE SHAR NO NAME OF ISSUER TITLE CUSIP THOUSANDS) OWNED CALL SOLE SHARED MANAGER VOTE VOTE VOTE --------------------------------- ----- --------- --------- ----------- ---- ---- ------ ------- --------- --------- --------- OMNICOM GROUP INC COM 681919106 34,404 408,012 X 260,492 2,700 144,820 OMNIVISION TECHNOLOGIES INC COM 682128103 201 10,930 X 4,060 0 6,870 OMNOVA SOLUTIONS INC COM 682129101 59 10,517 X 3,955 0 6,562 ON ASSIGNMENT INC COM 682159108 347 66,900 X 26,700 10,200 30,000 ON SEMICONDUCTOR CORP COM 682189105 89 19,668 X 19,668 0 0 ON2.TECHNOLOGIES INC COM 68338A107 1 1,000 X 1,000 0 0 ONEOK INC NEW COM 682680103 1,303 45,848 X 35,548 0 10,300 ONLINE RES CORP COM 68273G101 422 56,000 X 15,000 0 41,000 ONVIA COM INC NEW COM 68338T403 3 500 X 500 0 0 ONYX PHARMACEUTICALS INC COM 683399109 58 1,805 X 100 0 1,705 OPEN JT STK CO-VIMPEL COMM COM 68370R109 54 1,507 X 0 0 1,507 OPEN SOLUTIONS INC COM 68371P102 1,233 47,500 X 0 0 47,500 OPEN TEXT CORP COM 683715106 565 28,200 X 1,500 0 26,700 OPENTV CORP CL A COM G67543101 8 2,199 X 0 0 2,199 OPENWAVE SYS INC NEW COM 683718308 22 1,441 X 1,408 0 33 OPINION RESH CORP COM 683755102 23 3,481 X 3,481 0 0 OPNET TECHNOLOGIES INC COM 683757108 37 4,400 X 0 0 4,400 OPPENHEIMER HLDGS INC CL A NON VTG SHS COM 683797104 43 1,700 X 1,700 0 0 OPPENHEIMER MULTI-SECTOR INCOME TR SH B COM 683933105 5 569 X 569 0 0 OPSWARE INC COM 68383A101 1 100 X 100 0 0 OPTIMAL ROBOTICS CORP CL A NEW COM 68388R208 2 200 X 200 0 0 OPTION CARE INC COM 683948103 33 1,906 X 706 0 1,200 ORACLE SYS CORP COM 68389X105 54,773 3,992,252 X 2,595,792 166,850 1,229,610 ORBITAL SCIENCES CORP COM 685564106 4 300 X 200 0 100 ORCHID BIOSCIENCES INC PAR $0.0 COM 68571P506 194 16,906 X 16,800 0 106 OREGON STL MLS INC COM 686079104 254 12,500 X 100 0 12,400 ORIENT EXPRESS HOTELS LTD CL A COM G67743107 4,633 225,235 X 91,335 0 133,900 ORIENTAL FINANCIAL GROUP COM 68618W100 77 2,592 X 2,592 0 0 ORIX CORP SPONSORED ADR COM 686330101 3 40 X 0 0 40 ORLEANS HOMEBUILDERS INC COM 686588104 7 340 X 340 0 0 ORTHOFIX INTERNATIONAL NV COM N6748L102 195 4,979 X 4,979 0 0 ORTHOLOGIC CORP COM 68750J107 293 46,800 X 0 6,800 40,000 ORTHOVITA INC COM 68750U102 7,385 1,762,500 X 362,500 0 1,400,000 OSCIENT PHARMACEUTICALS CORP COM 68812R105 194 53,067 X 0 0 53,067 OSHKOSH TRUCK CORP CL B COM 688239201 72 1,047 X 947 0 100 OSI PHARMACEUTICALS INC COM 671040103 2,847 38,030 X 3,930 1,500 32,600 OSI SYS INC COM 671044105 2 105 X 105 0 0 OTTER TAIL CORP COM 689648103 466 18,248 X 15,198 0 3,050 OUTBACK STEAKHOUSE INC COM 689899102 3,693 80,662 X 54,987 0 25,675 OVERLAND STORAGE INC COM 690310107 38 2,300 X 1,100 0 1,200 OVERNITE CORP COM 690322102 46,552 1,250,046 X 46 0 1,250,000 OVERSEAS SHIPHOLDING GROUP INC COM 690368105 140 2,530 X 1,510 0 1,020 OVERSTOCK COM INC DEL COM 690370101 17 240 X 200 0 40 OWENS & MINOR INC NEW COM 690732102 70 2,500 X 1,000 0 1,500 OWENS ILL INC COM 690768403 7,757 342,489 X 5,970 0 336,519
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MARKET VALUE (IN SHARES PUT/ SOLE SHAR NO NAME OF ISSUER TITLE CUSIP THOUSANDS) OWNED CALL SOLE SHARED MANAGER VOTE VOTE VOTE --------------------------------- ----- --------- --------- ----------- ---- ---- ------ ------- --------- --------- --------- OWENS ILL INC PFD CONV @4.750% PFD 690768502 41 1,000 X 1,000 0 0 P A M TRANSN SVCS INC COM 693149106 32 1,700 X 1,500 0 200 P.F. CHANGS CHINA BISTRO INC COM 69333Y108 205 3,644 X 1,091 0 2,553 PACCAR INC COM 693718108 7,468 92,790 X 74,444 0 18,346 PACER INTL INC TENN COM 69373H106 105 4,933 X 3,133 0 1,800 PACIFIC CAP BANCORP NEW COM 69404P101 5,602 164,816 X 24,203 0 140,613 PACIFIC ENERGY PARTNERS L P UNIT COM 69422R105 32 1,100 X 1,100 0 0 PACIFIC SUNWEAR CALIF INC COM 694873100 122 5,486 X 5,236 0 250 PACIFICARE HEALTH SYS INC DEL CL A COM 695112102 408 7,211 X 6,881 0 330 PACKAGING CORP AMER COM 695156109 135 5,721 X 571 0 5,150 PACKETEER INC COM 695210104 948 65,590 X 65,190 0 400 PACTIV CORP COM 695257105 380 15,006 X 13,571 0 1,435 PAIN THERAPEUTICS INC COM 69562K100 258 35,800 X 2,000 4,400 29,400 PALATIN TECHNOLOGIES INC COM 696077304 40 15,000 X 15,000 0 0 PALL CORP COM 696429307 20,415 705,165 X 400,329 43,260 261,576 PALM HBR HOMES INC COM 696639103 7,370 436,633 X 178,750 57,226 200,657 PALMONE INC COM 69713P107 3,219 102,023 X 47,222 0 54,801 PALMSOURCE INC COM 697154102 16 1,221 X 662 0 559 PALOMAR MED TECHNOLOGIES INC NEW COM 697529303 156 6,000 X 6,000 0 0 PAN AMERN SILVER CORP COM 697900108 201 12,550 X 8,550 0 4,000 PAN PAC RETAIL PPTYS INC COM 69806L104 3,848 61,377 X 6,267 0 55,110 PANERA BREAD COMPANY CL A COM 69840W108 17,468 433,226 X 117,130 2,800 313,296 PANTRY INC COM 698657103 1 40 X 40 0 0 PAPA JOHNS INTL INC COM 698813102 66 1,930 X 1,030 0 900 PAR PHARMACEUTICAL COS INC COM 69888P106 1,923 46,479 X 32,934 0 13,545 PARADYNE NETWORKS INC COM 69911G107 9 2,500 X 2,500 0 0 PARAMETRIC TECHNOLOGY CORP COM 699173100 1,082 183,711 X 19,400 0 164,311 PAREXEL INTL CORP COM 699462107 193 9,500 X 300 0 9,200 PARK ELECTROCHEMICAL CORP COM 700416209 4 200 X 200 0 0 PARK NATL CORP COM 700658107 18,372 135,584 X 51,457 0 84,127 PARKER DRILLING CO COM 701081101 83 21,000 X 21,000 0 0 PARKER HANNIFIN CORP COM 701094104 16,499 217,833 X 137,221 37,362 43,250 PARKERVISION INC COM 701354102 64 7,200 X 7,200 0 0 PARKWAY PPTYS INC COM 70159Q104 3,963 78,082 X 3,082 0 75,000 PARTNERRE LTD ORDS COM G6852T105 597 9,634 X 1,355 5,400 2,879 PARTNERS TR FINL GROUP INC NEW COM 70213F102 282 24,243 X 8,043 9,000 7,200 PARTY CITY CORP COM 702145103 2 159 X 159 0 0 PATHMARK STORES INC NEW COM 70322A101 13 2,200 X 2,200 0 0 PATINA OIL & GAS CORP COM 703224105 206 5,486 X 3,442 0 2,044 PATRICK INDS INC COM 703343103 9 900 X 900 0 0 PATTERSON COS INC COM 703395103 35,514 818,480 X 239,311 23,950 555,219 PATTERSON-UTI ENERGY INC COM 703481101 4,509 231,822 X 9,560 0 222,262 PAULA FINL DEL COM 703588103 7 3,352 X 1,500 0 1,852 PAXAR CORP COM 704227107 195 8,810 X 8,810 0 0 PAYCHEX INC COM 704326107 16,425 481,937 X 326,989 10,768 144,180
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MARKET VALUE (IN SHARES PUT/ SOLE SHAR NO NAME OF ISSUER TITLE CUSIP THOUSANDS) OWNED CALL SOLE SHARED MANAGER VOTE VOTE VOTE --------------------------------- ----- --------- --------- ----------- ---- ---- ------ ------- --------- --------- --------- PAYLESS SHOESOURCE INC COM 704379106 6,400 520,344 X 283,606 330 236,408 PC MALL INC COM 69323K100 22 1,000 X 0 0 1,000 PC-TEL INC COM 69325Q105 10 1,200 X 1,200 0 0 PDF SOLUTIONS INC COM 693282105 95 5,870 X 5,870 0 0 PDI INC COM 69329V100 29 1,300 X 1,300 0 0 PEABODY ENERGY CORP COM 704549104 6,867 84,875 X 16,920 0 67,955 PEAPACK GLADSTONE FINANCIAL CORP COM 704699107 999 31,661 X 18,853 0 12,808 PEARSON PLC SPONSORED ADR COM 705015105 1,526 125,500 X 118,650 0 6,850 PEC SOLUTIONS INC COM 705107100 3 200 X 200 0 0 PEDIATRIX MED GROUP COM 705324101 182 2,843 X 1,231 0 1,612 PEERLESS SYS CORP COM 705536100 21 15,800 X 0 0 15,800 PEETS COFFEE & TEA INC COM 705560100 472 17,821 X 17,768 0 53 PEGASUS COMMUNICATIONS CORP CL A NEW COM 705904605 614 66,330 X 608 0 65,722 PEGASYSTEMS INC COM 705573103 43 5,000 X 5,000 0 0 PEMSTAR INC COM 706552106 8 4,500 X 0 0 4,500 PENFORD CORP COM 707051108 7 426 X 426 0 0 PENGROWTH ENERGY TR TR UNITS CL A COM 706902301 1,667 80,073 X 56,343 0 23,730 PENN ENGINEERING & MFG CORP COM 707389102 17 1,140 X 1,140 0 0 PENN ENGR & MFG CORP NON-VTG COM 707389300 40 2,232 X 2,232 0 0 PENN NATL GAMING INC COM 707569109 221 3,655 X 480 0 3,175 PENN VA RESOURCE PARTNERS L P COM COM 707884102 3,530 67,757 X 29,806 0 37,951 PENN VIRGINIA CORP COM 707882106 42 1,028 X 1,000 0 28 PENN-AMER GROUP INC COM 707247102 18 1,162 X 1,162 0 0 PENNEY J C CO INC COM 708160106 3,204 77,394 X 64,999 400 11,995 PENNFED FINL SVCS INC COM 708167101 51 3,160 X 3,160 0 0 PENNSYLVANIA REAL ESTATE INV TRUST SBI COM 709102107 1,209 28,248 X 19,541 3,500 5,207 PENTAIR INDUSTRIES INC COM 709631105 1,903 43,695 X 17,320 0 26,375 PENWEST PHARMACEUTICALS CO COM 709754105 12 1,039 X 1,039 0 0 PEOPLES BANCORP INC COM 709789101 149 5,430 X 990 0 4,440 PEOPLES BK BRIDGEPORT CONN COM 710198102 2,554 65,684 X 21,749 0 43,935 PEOPLES ENERGY CORP COM 711030106 1,040 23,666 X 7,771 1,800 14,095 PEOPLESOFT INC COM 712713106 1,691 63,831 X 45,246 0 18,585 PEP BOYS MANNY MOE & JACK COM 713278109 231 13,545 X 1,900 0 11,645 PEP BOYS MANNY MOE & JACK SR NT CONV BD 713278AP4 3 3,000 X 3,000 0 0 PEPCO HLDGS INC COM 713291102 1,617 75,825 X 37,386 2,600 35,839 PEPSI BOTTLING GROUP INC COM 713409100 1,415 52,320 X 39,735 0 12,585 PEPSIAMERICAS INC COM 71343P200 212 9,976 X 7,130 0 2,846 PEPSICO INC COM 713448108 482,288 9,239,233 X 6,319,332 338,233 2,581,668 PEPSICO INC CALL OPTIONS COM 7.1345E+12 600 30,978 CALL X 600 PEPSICO INC PUT OPTIONS COM 7.1345E+12 600 30,978 PUT X 600 PEPSICO INC. COM 99140BX1 21 751,753 CALL X 751,753 PERFORMANCE FOOD GROUP CO COM 713755106 358 13,315 X 5,365 0 7,950 PERFORMANCE TECHNOLOGIES INC COM 71376K102 93 10,000 X 0 0 10,000 PERICOM SEMICONDUCTOR CORP COM 713831105 5 560 X 560 0 0 PERINI CORP COM 713839108 4 260 X 260 0 0
Page 66 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE (IN SHARES PUT/ SOLE SHAR NO NAME OF ISSUER TITLE CUSIP THOUSANDS) OWNED CALL SOLE SHARED MANAGER VOTE VOTE VOTE --------------------------------- ----- ------------- --------- ----------- ---- ---- ------ ------- --------- --------- --------- PERINI CORP DEPOSITARY CONV PFD EXCH PFD 713839306 36 1,000 X 0 0 1,000 PERKINELMER INC COM 714046109 1,071 47,618 X 34,964 0 12,654 PERMIAN BASIN ROYALTY TRUST UBI COM 714236106 377 27,000 X 27,000 0 0 PEROT SYS CORP CL A COM 714265105 1,803 112,493 X 76,793 0 35,700 PERRIGO CO COM 714290103 99 5,750 X 4,880 0 870 PER-SE TECHNOLOGIES INC COM 713569309 896 56,576 X 56,485 0 91 PERUSAHAAN PERSEROAN PERSERO P T TELE COM 715684106 710 33,770 X 17,900 0 15,870 PETCO ANIMAL SUPPLIES INC NEW COM 716016209 429 10,860 X 660 0 10,200 PETRO-CDA COM 71644E102 495 9,700 X 0 0 9,700 PETROCHINA CO LTD ADR COM 71646E100 1,169 21,780 X 14,580 0 7,200 PETROFUND ENERGY TR TR UNIT COM 71648W108 118 9,017 X 9,017 0 0 PETROKAZAKHSTAN INC COM 71649P102 967 26,060 X 12,000 0 14,060 PETROLEO BRASILEIRO SA SPON COM 71654V101 526 14,515 X 14,000 0 515 PETROLEO BRASILEIRO SA PETROBRAS SPON COM 71654V408 52,298 1,314,690 X 62,650 0 1,252,040 PETROLEUM DEVELOPMENT CORP COM 716578109 220 5,700 X 1,400 0 4,300 PETROLEUM HELICOPTERS INC NON VTG COM 716604202 13 500 X 0 0 500 PETROQUEST ENERGY INC COM 716748108 2,495 503,000 X 3,000 0 500,000 PETSMART INC COM 716768106 27,929 786,078 X 330,782 12,200 443,096 PFF BANCORP INC COM 69331W104 14 294 X 294 0 0 PFIZER INC COM 717081103 759,546 28,246,392 X 18,358,638 2,180,381 7,707,373 PFIZER INC CALL OPTION COM 7170828H70999 3,500 91,945 CALL X 3,500 PFIZER INC CALL OPTION COM 71799W7250999 3,000 78,810 CALL X 3,000 PFIZER INC CALL OPTION COM 71799W7660999 5,000 131,350 CALL X 5,000 PFIZER INC CALL OPTION COM 71799W8160999 11,000 288,970 CALL X 11,000 PFIZER INC CALL OPTION COM 71799W8A60999 2,500 65,675 CALL X 2,500 PFIZER INC CALL OPTION COM 71799W8L20999 11,400 299,478 CALL X 11,400 PFIZER INC CALL OPTIONS COM 71799W7X70999 8,000 210,160 CALL X 8,000 PFIZER INC CALL OPTIONS COM 71799W8Z10999 4,000 105,080 CALL X 4,000 PFIZER INC PUT OPTION COM 71799W7S80999 2,500 65,675 PUT X 2,500 PFSWEB INC COM 717098107 524 184,700 X 0 24,600 160,100 PG&E CORP COM 69331C108 2,947 88,555 X 71,313 0 17,242 PHARMACEUTICAL HOLDRS TR DEPO COM 71712A206 308 4,240 X 100 400 3,740 PHARMACEUTICAL PROD DEV INC COM 717124101 126 3,055 X 2,165 0 890 PHARMACOPEIA DRUG DISCOVERY INC COM 7171EP101 1 250 X 250 0 0 PHARMACYCLICS INC COM 716933106 698 66,646 X 48,346 1,900 16,400 PHARMION CORP COM 71715B409 8 200 X 200 0 0 PHELPS DODGE CORP COM 717265102 27,838 281,416 X 201,593 4,600 75,223 PHELPS DODGE CORP MANDATORY CONV PFD PFD 717265508 618 3,010 X 310 2,400 300 PHILADELPHIA CONS HLDG CORP COM 717528103 27,649 418,040 X 131,990 0 286,050 PHILLIPS VAN HEUSEN CORP COM 718592108 16 600 X 600 0 0 PHOENIX COS INC NEW COM 71902E109 216 17,254 X 12,829 0 4,425 PHOENIX TECHNOLOGY LTD COM 719153108 5 619 X 619 0 0 PHOTOMEDEX INC COM 719358103 11 3,900 X 3,900 0 0 PHOTON DYNAMICS INC COM 719364101 164 6,766 X 6,766 0 0 PHOTRONICS INC COM 719405102 261 15,805 X 12,100 0 3,705
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MARKET VALUE (IN SHARES PUT/ SOLE SHAR NO NAME OF ISSUER TITLE CUSIP THOUSANDS) OWNED CALL SOLE SHARED MANAGER VOTE VOTE VOTE --------------------------------- ----- --------- --------- ----------- ---- ---- ------ ------- --------- --------- --------- PHYSIOMETRIX INC COM 718928104 11 10,000 X 10,000 0 0 PICO HLDGS INC NEW COM 693366205 213 10,270 X 10,020 0 250 PIEDMONT NATURAL GAS CO COM 720186105 12,119 521,455 X 215,045 18,500 287,910 PIER I INC COM 720279108 8,976 455,637 X 319,482 8,700 127,455 PIMCO CALIF MUN INCOME FD II COM COM 72200M108 2,521 180,588 X 180,588 0 0 PIMCO CALIF MUN INCOME FD III COM 72201C109 14 1,000 X 1,000 0 0 PIMCO COML MTG SECS TR INC COM 693388100 43 3,260 X 3,260 0 0 PIMCO CORPORATE INCOME FD COM 72200U100 13 825 X 825 0 0 PIMCO FLOATING RATE INCOME FD COM 72201H108 43 2,050 X 2,050 0 0 PIMCO HIGH INCOME FD COM SHS COM 722014107 149 10,000 X 7,000 0 3,000 PIMCO MUN INCOME FD COM 72200R107 14 1,000 X 1,000 0 0 PIMCO MUN INCOME FD II COM 72200W106 519 35,913 X 33,508 0 2,405 PIMCO MUN INCOME FD III COM 72201A103 865 61,160 X 27,198 0 33,962 PIMCO NEW YORK MUN INCOME FD COM 72200T103 22 1,700 X 0 0 1,700 PIMCO STRATEGIC GLOBAL GOVT FD INC COM 72200X104 54 4,475 X 4,475 0 0 PINNACLE AIRL CORP COM 723443107 47 3,370 X 3,370 0 0 PINNACLE ENTMT INC COM 723456109 10 500 X 300 0 200 PINNACLE SYS INC COM 723481107 443 72,651 X 6,885 3,600 62,166 PINNACLE WEST CAP CORP COM 723484101 1,362 30,680 X 27,110 0 3,570 PIONEER INT SHS INC COM 723703104 14 1,265 X 1,265 0 0 PIONEER NAT RES CO COM 723787107 1,693 48,240 X 13,879 669 33,692 PIPER JAFFRAY COS COM 724078100 436 9,091 X 4,633 278 4,180 PITNEY BOWES INC COM 724479100 87,558 1,891,927 X 1,025,731 141,329 724,867 PIXAR COM 725811103 289 3,380 X 2,515 0 865 PIXELWORKS INC COM 72581M107 7 600 X 600 0 0 PLACER DOME INC CAD COM NPV COM 725906101 2,180 115,606 X 101,781 0 13,825 PLACER SIERRA BANCSHARES COM 726079106 17 600 X 0 0 600 PLAINS ALL AMERN PIPELINE L P UNIT LTD COM 726503105 366 9,700 X 9,300 0 400 PLAINS EXPL & PRODTN CO COM 726505100 4,841 186,200 X 6,000 0 180,200 PLANTRONICS INC NEW COM 727493108 55,775 1,344,953 X 134,873 2,000 1,208,080 PLATINUM UNDERWRITERS HOLDINGS LTD SHS COM G7127P100 12,658 407,015 X 272,395 1,850 132,770 PLATO LEARNING INC COM 72764Y100 15 2,000 X 0 0 2,000 PLAYBOY ENTERPRISES INC CL B COM 728117300 64 5,200 X 5,200 0 0 PLAYTEX PRODS INC COM 72813P100 11,179 1,399,065 X 760,693 0 638,372 PLEXUS CORP COM 729132100 31 2,400 X 2,400 0 0 PLUG PWR INC COM 72919P103 31 5,138 X 1,700 0 3,438 PLUM CREEK TIMBER CO INC COM 729251108 113,403 2,950,122 X 1,893,525 182,359 874,238 PLYMOUTH RUBR INC CL A COM 730026101 29 31,971 X 31,971 0 0 PLYMOUTH RUBR INC CL B COM 730026200 33 62,219 X 62,219 0 0 PMA CAP CORP CL A COM 693419202 99 9,600 X 9,600 0 0 PMC-SIERRA INC COM 69344F106 248 21,983 X 21,023 0 960 PMI GROUP INC COM 69344M101 369 8,838 X 4,430 0 4,408 PNC FINL SVCS GROUP INC COM 693475105 68,872 1,199,030 X 224,023 7,200 967,807 PNM RES INC COM 69349H107 378 14,971 X 12,308 0 2,663 POGO PRODUCING CO COM 730448107 563 11,610 X 6,210 0 5,400
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MARKET VALUE (IN SHARES PUT/ SOLE SHAR NO NAME OF ISSUER TITLE CUSIP THOUSANDS) OWNED CALL SOLE SHARED MANAGER VOTE VOTE VOTE --------------------------------- ----- --------- --------- ----------- ---- ---- ------ ------- --------- --------- --------- POINT THERAPEUTICS INC COM 730694106 3 500 X 500 0 0 POLARIS INDS INC COM 731068102 757 11,130 X 3,320 0 7,810 POLO RALPH LAUREN CORP CL A COM 731572103 383 9,000 X 2,100 0 6,900 POLYCOM INC COM 73172K104 2,696 115,613 X 106,224 0 9,389 POLYMEDICA CORP COM 731738100 563 15,102 X 3,002 0 12,100 POLYONE CORP COM 73179P106 3,983 439,668 X 221,324 0 218,344 POMEROY COMPUTER RES INC COM 731822102 322 21,200 X 2,000 0 19,200 POPE & TALBOT INC COM 732827100 7,109 415,496 X 227,596 8,000 179,900 POPE RES DEL LTD PARTNERSHIP DEPO COM 732857107 4,104 164,163 X 78,765 1,500 83,898 POPULAR INC COM 733174106 770 26,692 X 14,260 0 12,432 PORTAL SOFTWARE INC COM 736126301 1 400 X 400 0 0 PORTFOLIO RECOVERY ASSOCS INC COM 73640Q105 16 400 X 400 0 0 PORTUGAL TELECOM SGPS S.A. COM 737273102 8 630 X 0 0 630 POSCO SPONSORED ADR COM 693483109 36 808 X 764 0 44 POSSIS CORP COM 737407106 13 1,000 X 0 0 1,000 POST PPTYS INC COM 737464107 2,950 84,522 X 3,982 0 80,540 POTASH CORP OF SASKATCHEWAN INC COM 73755L107 1,688 20,321 X 2,546 1,000 16,775 POTLATCH CORP COM 737628107 2,400 47,444 X 47,044 0 400 POWER INTEGRATIONS INC COM 739276103 150 7,600 X 3,800 0 3,800 POWER-ONE INC COM 739308104 237 26,605 X 26,355 0 250 POWERSHARES EXCHANGE-TRADED FD TR DYNA COM 73935X104 20 501 X 501 0 0 POWERWAVE TECHNOLOGIES INC COM 739363109 1,849 218,100 X 3,900 0 214,200 POZEN INC COM 73941U102 1 200 X 200 0 0 PPG IND INC COM 693506107 83,753 1,228,759 X 196,412 4,300 1,028,047 PPL CORP COM 69351T106 3,305 62,028 X 29,380 3,900 28,748 PRA INTL COM 69353C101 741 29,900 X 0 0 29,900 PRAECIS PHARMACEUTICALS INC PAR COM 739421105 1 376 X 376 0 0 PRAXAIR INC COM 74005P104 31,486 713,147 X 399,031 14,600 299,516 PRE PAID LEGAL SVCS INC COM 740065107 94 2,500 X 2,500 0 0 PRECISION CASTPARTS CORP COM 740189105 2,312 35,196 X 26,716 0 8,480 PRECISION DRILLING CORP CL A COM 74022D100 363 5,774 X 4,200 0 1,574 PREFORMED LINE PRODS CO COM 740444104 580 20,000 X 20,000 0 0 PREMCOR INC COM 74045Q104 5,029 119,264 X 19,844 0 99,420 PRENTISS PPTYS TR SH BEN INT COM 740706106 4,857 127,145 X 11,046 0 116,099 PRESIDENTIAL LIFE CORP COM 740884101 32 1,900 X 1,700 0 200 PRESSTEK INC COM 741113104 290 30,000 X 5,000 0 25,000 PRG-SCHULTZ INTL INC COM 69357C107 25 4,900 X 4,900 0 0 PRICE COMMUNICATIONS CORP NEW COM 741437305 140 7,545 X 7,545 0 0 PRICE T ROWE GROUP INC COM 74144T108 50,395 810,216 X 626,401 875 182,940 PRICELINE.COM INC COM 741503403 29 1,240 X 1,190 0 50 PRIDE INTL INC DEL COM 74153Q102 184 8,954 X 7,250 0 1,704 PRIMEDIA INC COM 74157K101 18 4,650 X 2,310 0 2,340 PRIMUS GUARANTY LTD SHS COM G72457107 27,863 1,700,000 X 0 0 1,700,000 PRIMUS TELECOMMUNICATIONS GROUP INC COM 741929103 5 1,510 X 510 0 1,000 PRINCETON REVIEW INC CL A COM 742352107 4 600 X 600 0 0
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MARKET VALUE (IN SHARES PUT/ SOLE SHAR NO NAME OF ISSUER TITLE CUSIP THOUSANDS) OWNED CALL SOLE SHARED MANAGER VOTE VOTE VOTE --------------------------------- ----- ------------- --------- ----------- ---- ---- ------ ------- --------- --------- --------- PRINCIPAL FINL GROUP INC COM 74251V102 1,709 41,746 X 29,126 0 12,620 PRINCIPLED EQUITY MKT FD SH BEN INT COM 742959109 29 2,063 X 2,063 0 0 PRINTRONIX INC COM 742578107 18 1,000 X 500 0 500 PRIORITY HEALTHCARE CORP CL B COM 74264T102 2,378 109,245 X 107,997 0 1,248 PRIVATEBANCORP INC COM 742962103 480 14,900 X 200 0 14,700 PROASSURANCE CORP COM 74267C106 48 1,226 X 1,126 0 100 PROCENTURY CORP COM 74268T108 27 2,200 X 0 0 2,200 PROCTER & GAMBLE CO COM 742718109 496,992 9,023,079 X 5,687,996 376,296 2,958,787 PROCTER & GAMBLE CO CALL OPTION COM 73999X9F60999 700 38,549 CALL X 700 PROCTER & GAMBLE CO CALL OPTION COM 73999X9J80999 3,000 165,210 CALL X 3,000 PROCTER & GAMBLE CO PUT OPTION COM 73999X9G40999 3,000 165,210 PUT X 3,000 PROGRESS ENERGY INC COM 743263105 8,083 178,678 X 147,328 2,600 28,750 PROGRESS SOFTWARE CORP COM 743312100 833 35,655 X 4,705 0 30,950 PROGRESSIVE CORP OHIO COM 743315103 20,321 239,519 X 150,777 4,950 83,792 PROLOGIS TR SH BEN INT COM 743410102 4,949 114,207 X 19,657 600 93,950 PROQUEST CO COM 74346P102 74 2,500 X 200 0 2,300 PROSPERITY BANCSHARES INC COM 743606105 53 1,810 X 350 0 1,460 PROTECTIVE LIFE CORP COM 743674103 786 18,415 X 5,915 0 12,500 PROTEIN DESIGN LABS INC COM 74369L103 106 5,120 X 4,490 0 630 PROVIDE COMM INC COM 74373W103 25 683 X 0 0 683 PROVIDENCE SVC CORP COM 743815102 41 1,975 X 0 0 1,975 PROVIDENT BANCORP INC DEL COM 74383A109 6 461 X 61 0 400 PROVIDENT BANKSHARES CORP COM 743859100 270 7,424 X 3,024 0 4,400 PROVIDENT ENERGY TR TR UNIT COM 74386K104 54 5,700 X 900 0 4,800 PROVIDENT FINL SVCS INC COM 74386T105 165 8,544 X 5,215 0 3,329 PROVIDIAN FINL CORP COM 74406A102 868 52,683 X 46,073 0 6,610 PROVIDIAN FINL CORP CONV SR NT BD 74406AAA0 50 50,000 X 50,000 0 0 PROVIDIAN FINL CORP SR NT CONV BD 74406AAC6 4 3,000 X 3,000 0 0 PROVINCE HEALTHCARE CO COM 743977100 45 1,995 X 1,995 0 0 PROXIM CORP CL A NEW COM 744283201 13 3,064 X 1,286 0 1,778 PROXYMED INC NEW COM 744290305 5 500 X 500 0 0 PRUDENTIAL FINL INC COM 744320102 8,870 161,402 X 110,189 300 50,913 PS BUSINESS PKS INC CALIF COM 69360J107 139 3,090 X 970 2,000 120 PSS WORLD MED INC COM 69366A100 495 39,525 X 1,300 2,000 36,225 PTEK HLDGS INC COM 69366M104 803 74,932 X 70,732 0 4,200 PUBLIC STORAGE INC COM 74460D109 4,681 83,962 X 11,262 0 72,700 PUBLIC STORAGE INC DPS COM 74460D729 68 2,357 X 1,657 0 700 PUBLIC SVC ENTERPRISE GROUP INC COM 744573106 61,133 1,180,866 X 326,530 34,067 820,269 PUGET ENERGY INC NEW COM 745310102 335 13,579 X 7,121 0 6,458 PULITZER INC COM 745769109 49 760 X 710 0 50 PULTE HOMES INC COM 745867101 1,761 27,600 X 15,430 0 12,170 PURECYCLE CORP NEW COM 746228303 3 300 X 0 0 300 PUTNAM MANAGED HIGH YIELD TR SH BEN COM 746819101 1,151 137,700 X 75,900 12,000 49,800 PUTNAM MANAGED MUN INCOME TR COM 746823103 3,957 551,944 X 525,344 600 26,000 PUTNAM MASTER INCOME TR SH BEN INT COM 74683K104 102 15,500 X 15,500 0 0
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MARKET VALUE (IN SHARES PUT/ SOLE SHAR NO NAME OF ISSUER TITLE CUSIP THOUSANDS) OWNED CALL SOLE SHARED MANAGER VOTE VOTE VOTE --------------------------------- ----- ------------- --------- ----------- ---- ---- ------ ------- --------- --------- --------- PUTNAM MASTER INTER INCOME TR SH BEN COM 746909100 366 55,811 X 55,807 0 4 PUTNAM MUN BD FD INC SH BEN INT COM 74683V100 64 5,000 X 5,000 0 0 PUTNAM MUN OPPORTUNITIES TR SH BEN INT COM 746922103 121 9,900 X 9,900 0 0 PUTNAM PREMIER INCOME TR SH BEN INT COM 746853100 260 39,560 X 37,860 0 1,700 PUTNAM TAX FREE HEALTH CARE FD SH BEN COM 746920107 60 5,000 X 0 0 5,000 PXRE GROUP LIMITED COM G73018106 2 63 X 63 0 0 PYR ENERGY CORP COM 693677106 143 134,750 X 134,750 0 0 Q MED INC COM 747914109 44 4,000 X 0 0 4,000 QIAGEN N V EURO.01 PAYS COM N72482107 4,116 375,910 X 128,700 0 247,210 QLOGIC CORP COM 747277101 2,140 58,265 X 48,335 0 9,930 QLT PHOTOTHERAPEUTICS INC COM 746927102 22 1,345 X 1,345 0 0 QUADRAMED CORP COM 74730W101 1 431 X 431 0 0 QUAKER CHEMICAL CORP COM 747316107 996 40,108 X 24,730 0 15,378 QUAKER FABRIC CORP NEW COM 747399103 56 10,000 X 0 0 10,000 QUALCOMM INC COM 747525103 87,385 2,060,975 X 1,190,084 50,036 820,855 QUALCOMM INC CALL OPTION COM 71799R9V00999 2,000 84,620 CALL X 2,000 QUALCOMM INC PUT OPTION COM 71799R9X60999 2,000 84,620 PUT X 2,000 QUALITY DISTR INC FLA COM 74756M102 35 4,100 X 4,100 0 0 QUALITY SYSM INC COM 747582104 7 110 X 110 0 0 QUALSTAR CORP COM 74758R109 14 2,900 X 0 0 2,900 QUANEX CORP COM 747620102 13,743 300,630 X 630 0 300,000 QUANTA SVCS INC COM 74762E102 23,267 2,908,326 X 775,975 1,400 2,130,951 QUANTUM CORP DSSG COM 747906204 64 24,510 X 23,740 0 770 QUANTUM FUEL SYS TECHNOLOGIES WORL COM 74765E109 301 50,000 X 50,000 0 0 QUEST DIAGNOSTICS INC COM 74834L100 2,427 25,396 X 15,220 0 10,176 QUEST DIAGNOSTICS INC CONTINGENT CONV BD 74834LAF7 8 7,000 X 7,000 0 0 QUEST SOFTWARE INC COM 74834T103 18 1,120 X 1,000 0 120 QUESTAR CORP COM 748356102 18,431 361,673 X 253,243 9,200 99,230 QUICKSILVER INC COM 74838C106 69 2,325 X 800 0 1,525 QUICKSILVER RES INC COM 74837R104 208 5,650 X 200 0 5,450 QUINTON CARDIOLOGY SYS INC COM 748773108 23 2,200 X 0 0 2,200 QUIXOTE CORP COM 749056107 97 4,740 X 240 0 4,500 QUOVADX INC COM 74913K106 193 80,600 X 0 5,400 75,200 QWEST COMMUNICATIONS INTL INC COM 749121109 1,296 291,914 X 206,438 1,338 84,138 R H DONNELLEY CORP COM 74955W307 785 13,291 X 1,408 1,000 10,883 R&G FINL CORP CL B COM 749136107 134 3,457 X 3,457 0 0 RADCOM LTD COM M81865103 9 3,700 X 3,700 0 0 RADIAN GROUP INC COM 750236101 515 9,668 X 8,418 0 1,250 RADIO ONE INC CL D NON VTG COM 75040P405 52 3,202 X 1,910 0 1,292 RADIOSHACK CORP COM 750438103 1,972 59,968 X 38,384 0 21,584 RADISYS CORP COM 750459109 52 2,650 X 0 0 2,650 RADVISION LTD COM M81869105 135 10,000 X 0 0 10,000 RADWARE LTD COM M81873107 726 27,800 X 0 0 27,800 RAE SYS INC COM 75061P102 867 118,700 X 0 0 118,700 RAILAMERICA INC COM 750753105 127 9,710 X 9,710 0 0
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MARKET VALUE (IN SHARES PUT/ SOLE SHAR NO NAME OF ISSUER TITLE CUSIP THOUSANDS) OWNED CALL SOLE SHARED MANAGER VOTE VOTE VOTE --------------------------------- ----- ------------- --------- ----------- ---- ---- ------ ------- --------- --------- --------- RAINDANCE COMMUNICATIONS INC COM 75086X106 0 46 X 46 0 0 RAIT INVESTMENT TRUST COM 749227104 116 4,140 X 4,140 0 0 RALCORP HLDGS INC NEW COM 751028101 1,835 43,768 X 27,842 2,000 13,926 RAMBUS INC DEL COM 750917106 83 3,610 X 3,310 0 300 RAMCO-GERSHENSON PPTYS TR COM SH BEN COM 751452202 101 3,140 X 640 0 2,500 RANGE RES CORP COM 75281A109 2,748 134,325 X 1,300 30,000 103,025 RARE HOSPITALITY INTL INC COM 753820109 58 1,825 X 200 0 1,625 RAVEN INDS INC COM 754212108 102 4,800 X 3,200 0 1,600 RAYMOND JAMES FINL INC COM 754730109 644 20,790 X 20,340 0 450 RAYONIER INC COM 754907103 19,879 406,443 X 225,916 1,673 178,854 RAYOVAC CORP COM 755081106 178 5,840 X 5,840 0 0 RAYTHEON CO NEW COM 755111507 14,886 383,355 X 272,848 19,162 91,345 READERS DIGEST ASSN INC CL A NON VTG COM 755267101 217 15,633 X 9,520 0 6,113 REALNETWORKS INC COM 75605L104 19 2,900 X 2,500 0 400 REALTY INCOME CORP COM 756109104 164 5,480 X 2,080 0 3,400 RECKSON ASSOCS RLTY CORP COM 75621K106 425 12,942 X 10,542 0 2,400 RED HAT INC COM 756577102 681 51,020 X 14,017 1,050 35,953 RED ROBIN GOURMET BURGERS INC COM 75689M101 238 4,450 X 200 0 4,250 REDBACK NETWORKS INC NEW COM 757209507 6 1,101 X 1,101 0 0 REDWOOD TR INC COM 758075402 10,795 173,866 X 113,516 5,550 54,800 REEBOK INTL LTD COM 758110100 142 3,220 X 2,920 0 300 REED ELSEVIER N V SPONSORED ADR COM 758204101 419 15,269 X 839 0 14,430 REED ELSEVIER P L C SPONSORED ADR COM 758205108 380 10,230 X 10,230 0 0 REGAL BELOIT CORP COM 758750103 1,282 44,836 X 1,400 0 43,436 REGAL ENTMT GROUP CL A COM 758766109 249 11,980 X 2,990 0 8,990 REGENCY CTRS CORP COM 758849103 139 2,515 X 2,015 0 500 REGENERATION TECHNOLOGIES INC DEL COM 75886N100 10 1,000 X 1,000 0 0 REGENERON PHARMACEUTICALS INC COM 75886F107 48 5,175 X 1,175 0 4,000 REGENT COMMUNICATIONS INC DEL COM 758865109 146 27,667 X 27,667 0 0 REGIONAL BK HOLDRS TR DEPOSITARY RCPT COM 75902E100 14 100 X 100 0 0 REGIONS FINL CORP NEW COM 7591EP100 13,192 370,657 X 317,203 0 53,454 REGIS CORP COM 758932107 5,416 117,359 X 96,210 800 20,349 REGISTER.COM INC COM 75914G101 6 997 X 0 0 997 REHABCARE GROUP INC COM 759148109 28 1,000 X 200 0 800 REINSURANCE GROUP AMER INC COM 759351109 78 1,607 X 987 0 620 RELIANCE STL & ALUM CO COM 759509102 104 2,680 X 2,660 0 20 RELIANT ENERGY INC COM 75952B105 7,772 569,374 X 328,785 2,928 237,661 RELIANT ENERGY INC CALL OPTIONS COM 75Z99D9900999 900 11,718 CALL X 900 RELIV INTL INC COM 75952R100 5 532 X 532 0 0 REMEC INC COM 759543101 413 57,300 X 3,600 3,700 50,000 REMINGTON OIL & GAS CORP COM 759594302 4 147 X 147 0 0 REMOTE DYNAMICS INC COM 75962A105 0 280 X 280 0 0 RENAISSANCE HOLDINGS LTD COM G7496G103 88,697 1,703,100 X 1,037,100 60,784 605,216 RENAISSANCE LEARNING INC COM 75968L105 1,930 104,000 X 100,000 0 4,000 RENAL CARE GROUP INC COM 759930100 3,036 84,357 X 73,732 0 10,625
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MARKET VALUE (IN SHARES PUT/ SOLE SHAR NO NAME OF ISSUER TITLE CUSIP THOUSANDS) OWNED CALL SOLE SHARED MANAGER VOTE VOTE VOTE --------------------------------- ----- --------- --------- ----------- ---- ---- ------ ------- --------- --------- --------- RENOVIS INC COM 759885106 731 50,844 X 18,544 2,300 30,000 RENT A CTR INC NEW COM 76009N100 149 5,630 X 1,910 0 3,720 RENT WAY INC COM 76009U104 166 20,692 X 0 4,000 16,692 REPLIGEN CORP COM 759916109 6 2,000 X 2,000 0 0 REPSOL YPF S A SPONSORED ADR COM 76026T205 1,301 49,830 X 35,030 0 14,800 REPUBLIC AWYS HLDGS INC COM 760276105 5 360 X 360 0 0 REPUBLIC BANCORP INC COM 760282103 151 9,881 X 9,581 0 300 REPUBLIC SVCS INC CL A COM 760759100 650 19,381 X 13,611 0 5,770 RESEARCH IN MOTION LTD COM 760975102 11,421 138,568 X 16,783 2,210 119,575 RESMED INC COM 761152107 1,371 26,825 X 1,300 0 25,525 RESOURCE AMER INC CL A COM 761195205 138 4,220 X 4,220 0 0 RESOURCES CONNECTION INC COM 76122Q105 202 3,717 X 200 0 3,517 RESPIRONICS INC COM 761230101 4,750 87,375 X 46,225 2,050 39,100 RETAIL HOLDRS TR DEPOSITARY RCPT (ETF COM 76127U101 138 1,400 X 1,400 0 0 RETEK INC COM 76128Q109 13 2,100 X 2,100 0 0 RETRACTABLE TECHNOLOGIES INC COM 76129W105 1 300 X 0 0 300 REUTERS GROUP PLC SPONSORED ADR COM 76132M102 1,153 26,851 X 10,142 5,997 10,712 REVLON INC CL A COM 761525500 6 2,600 X 2,600 0 0 REWARDS NETWORK INC COM 761557107 70 10,000 X 0 0 10,000 REYNOLDS & REYNOLDS CO CL A COM 761695105 812 30,614 X 5,750 0 24,864 REYNOLDS AMERN INC COM 761713106 1,721 21,902 X 16,176 0 5,726 RF MICRO DEVICES INC COM 749941100 552 80,698 X 6,498 0 74,200 RICHARDSON ELECTRS LTD COM 763165107 65 6,175 X 500 0 5,675 RIGEL PHARMACEUTICALS INC NEW COM 766559603 74 3,030 X 3,030 0 0 RIGGS NATIONAL CORP WASH DC COM 766570105 236 11,100 X 3,600 0 7,500 RINKER GROUP LTD SPONSORED ADR COM 76687M101 2 19 X 19 0 0 RIO NARCEA GOLD MINES INC COM 766909105 11 5,000 X 5,000 0 0 RIO TINTO PLC SPONSORED ADR COM 767204100 39,459 331,005 X 161,811 27,236 141,958 RITE AID CORP COM 767754104 388 106,111 X 35,861 0 70,250 RLI CORP COM 749607107 5 130 X 30 0 100 RMR REAL ESTATE FD COM 74963F106 2 102 X 102 0 0 ROBBINS & MYERS INC COM 770196103 5 200 X 200 0 0 ROBERT HALF INTL INC COM 770323103 1,656 56,290 X 25,890 20,000 10,400 ROCK-TENN CO CL A COM 772739207 21 1,373 X 1,373 0 0 ROCKWELL AUTOMATION INC COM 773903109 3,548 71,609 X 54,834 0 16,775 ROCKWELL COLLINS INC COM 774341101 2,367 60,017 X 42,067 0 17,950 ROFIN SINAR TECHNOLOGIES INC COM 775043102 13 300 X 300 0 0 ROGERS COMMUNICATIONS INC CL B NON COM 775109200 948 36,240 X 35,500 0 740 ROGERS CORP COM 775133101 228 5,300 X 600 0 4,700 ROHM AND HAAS CO COM 775371107 7,328 165,671 X 45,865 1,800 118,006 ROLLINS INC COM 775711104 1,555 59,092 X 4,617 8,625 45,850 ROPER INDS INC NEW COM 776696106 2,461 40,492 X 3,284 0 37,208 ROSS STORES INC COM 778296103 2,080 72,045 X 46,365 0 25,680 ROSTELECOM LONG DISTANCE & INTL TELE COM 778529107 4,069 371,900 X 31,300 0 340,600 ROWAN CO INC COM 779382100 305 11,795 X 7,965 0 3,830
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MARKET VALUE (IN SHARES PUT/ SOLE SHAR NO NAME OF ISSUER TITLE CUSIP THOUSANDS) OWNED CALL SOLE SHARED MANAGER VOTE VOTE VOTE --------------------------------- ----- ------------- --------- ----------- ---- ---- ------ ------- --------- --------- --------- ROYAL & SUN ALLIANCE INS GROUP PLC SPON COM 78004V202 22 2,900 X 2,900 0 0 ROYAL BANCSHARES PA INC CL A COM 780081105 32 1,156 X 1,156 0 0 ROYAL BANK OF CANADA MONTREAL QUE CAD COM 780087102 3,481 65,147 X 65,147 0 0 ROYAL BK SCOTLAND GROUP SPON PFD 780097820 181 6,870 X 6,000 0 870 ROYAL BK SCOTLAND GROUP PLC SPON PFD 780097705 98 3,628 X 1,661 0 1,967 ROYAL BK SCOTLAND GROUP PLC SPON PFD 780097788 34 1,400 X 1,000 0 400 ROYAL BK SCOTLAND GROUP PLC SPON PFD 780097804 136 5,000 X 5,000 0 0 ROYAL BK SCOTLAND GROUP PLC SPON PFD 780097853 74 2,900 X 2,900 0 0 ROYAL BK SCOTLAND GROUP PLC SPON PFD 780097861 102 4,000 X 2,000 0 2,000 ROYAL BK SCOTLAND GROUP PLC SPON PFD 780097879 357 13,950 X 12,950 0 1,000 ROYAL BK SCOTLAND GROUP PLC ADR 7.40 PFD 780097887 103 4,000 X 4,000 0 0 ROYAL BK SCOTLAND GROUP PLC ADR PFD PFD 780097606 210 8,000 X 8,000 0 0 ROYAL CARIBBEAN CRUISES LTD COM V7780T103 258 4,737 X 187 0 4,550 ROYAL CARIBBEAN CRUISES LTD CALL COM V7799A9540999 100 5,285 CALL X 100 ROYAL CARIBBEAN CRUISES LTD NOTES UNSE BD 780153AK8 54 84,000 X 84,000 0 0 ROYAL CARIBBEAN CRUISES LTD SR NT CONV BD 780153AM4 35 41,000 X 41,000 0 0 ROYAL DUTCH PETE CO N Y COM 780257804 204,725 3,567,874 X 2,025,376 309,925 1,232,573 ROYAL GOLD INC COM 780287108 73 4,000 X 3,850 0 150 ROYCE VALUE TR INC COM COM 780910105 684 33,445 X 33,445 0 0 RPM INTL INC COM 749685103 15,643 795,664 X 388,688 9,900 397,076 RPM INTL INC SR NT CONV STEP CPN RATE BD 749685AK9 8 14,000 X 14,000 0 0 RSA SEC INC COM 749719100 23,232 1,158,112 X 372,812 0 785,300 RTI INTL METALS INC COM 74973W107 142 6,920 X 6,920 0 0 RUBIOS RESTAURANTS INC COM 78116B102 12 1,000 X 1,000 0 0 RUBY TUESDAY INC COM 781182100 3,019 115,750 X 3,025 0 112,725 RUDDICK CORP COM 781258108 58 2,680 X 2,680 0 0 RUSH ENTERPRISES INC CL A COM 781846209 385 23,700 X 0 0 23,700 RUSH ENTERPRISES INC CL B COM 781846308 370 21,400 X 0 0 21,400 RUSS BERRIE & CO INC COM 782233100 864 37,849 X 10,130 0 27,719 RUSSELL CORP COM 782352108 8 400 X 400 0 0 RYANAIR HLDGS PLC SPONSORED ADR COM 783513104 503 12,350 X 2,350 0 10,000 RYANS RESTAURANT GROUP INC COM 783520109 84 5,450 X 5,450 0 0 RYDER SYSTEM INC COM 783549108 50,317 1,053,310 X 3,180 0 1,050,130 RYDEX ETF TR S&P 500 EQUAL WEIG COM 78355W106 261 1,673 X 0 0 1,673 RYERSON TULL INC NEW COM 78375P107 6,560 416,510 X 240,984 0 175,526 RYLAND GROUP INC COM 783764103 933 16,220 X 1,930 0 14,290 S & T BANCORP INC COM 783859101 32 840 X 750 0 90 S R TELECOM INC NEW COM 78464P208 0 28 X 0 0 28 S&P 500 PROTECTED EQUITY FD INC COM 78379P103 1,051 10,550 X 10,550 0 0 S1 CORP COM 78463B101 20,550 2,270,700 X 1,939,700 14,000 317,000 SABINE RTY TRUST UNIT BEN INT COM 785688102 1,025 28,488 X 5,750 0 22,738 SABRE GROUP HLDGS INC CL A COM 785905100 313 14,117 X 11,081 600 2,436 SAFECO CORP COM 786429100 8,096 154,971 X 117,411 0 37,560 SAFEGUARD SCIENTIFICS INC COM 786449108 52 24,535 X 12,535 0 12,000 SAFENET INC COM 78645R107 62 1,682 X 1,682 0 0
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MARKET VALUE (IN SHARES PUT/ SOLE SHAR NO NAME OF ISSUER TITLE CUSIP THOUSANDS) OWNED CALL SOLE SHARED MANAGER VOTE VOTE VOTE --------------------------------- ----- ------------- --------- ----------- ---- ---- ------ ------- --------- --------- --------- SAFETY INS GROUP INC COM 78648T100 4 130 X 30 0 100 SAFEWAY INC COM 786514208 2,423 122,752 X 95,007 0 27,745 SAGA COMMUNICATIONS INC CL A COM 786598102 186 11,056 X 10,856 0 200 SAKS INC COM 79377W108 418 28,820 X 11,190 1,800 15,830 SALESFORCE COM INC COM 79466L302 4,284 252,922 X 252,535 0 387 SALISBURY BANCORP INC COM 795226109 89 2,056 X 2,056 0 0 SALIX PHARMACEUTICALS LTD COM 795435106 215 12,238 X 2,763 0 9,475 SALOMON BROS 2008 WORLDWIDE DLR GOVT COM 79548R103 7 600 X 600 0 0 SALOMON BROS EMERGING MKTS DEBT FD INC COM 79550E107 39 2,000 X 0 0 2,000 SALOMON BROS EMERGING MKTS INCOME FD I COM 794908103 13 639 X 639 0 0 SALOMON BROS EMERGING MKTS INCOME II F COM 794910109 8 500 X 500 0 0 SALOMON BROS FD INC COM 795477108 264 20,314 X 20,314 0 0 SALOMON BROS GLOBAL PARTNERS INCO COM 794914101 118 8,230 X 8,230 0 0 SALOMON BROS HIGH INCOME FD II INC COM 794907105 154 12,666 X 12,666 0 0 SALOMON BROS HIGH INCOME FD INC COM 79547Q106 20 1,942 X 1,942 0 0 SALOMON BROS WORLDWIDE INCOME FD INC COM 79548T109 107 6,142 X 6,142 0 0 SAN JUAN BASIN ROYALTY TR UNIT COM 798241105 1,155 39,225 X 31,850 0 7,375 SAN PAOLO-IMI S P A SPONSORED ADR COM 799175104 5 191 X 0 0 191 SANDERSON FARMS INC COM 800013104 113 2,604 X 804 0 1,800 SANDISK CORP COM 80004C101 790 31,639 X 17,504 0 14,135 SANDISK CORP CALL OPTIONS COM 80099E9620999 5,000 115,850 CALL X 5,000 SANDISK CORP CALL OPTIONS COM 80099E9700999 5,000 115,850 CALL X 5,000 SANDY SPRING BANCORP INC CMT COM 800363103 91 2,380 X 680 0 1,700 SANFILIPPO JOHN B & SON INC COM 800422107 15 600 X 600 0 0 SANGAMO BIOSCIENCES INC COM 800677106 5 800 X 800 0 0 SANMINA CORP COM 800907107 696 82,214 X 76,284 0 5,930 SANOFI-SYNTHELABO SPONSORED ADR COM 80105N105 601 15,008 X 10,949 0 4,059 SANTA FE ENERGY TR SPERS RCPT REPS COM 802013102 33 1,000 X 1,000 0 0 SANTANDER BANCORP COM 802809103 35 1,177 X 1,177 0 0 SAP AKTIENGESELLSCHAFT SPONSORED ADR COM 803054204 54,645 1,236,031 X 419,684 38,925 777,422 SAPIENT CORP COM 803062108 33 4,188 X 4,010 0 178 SAPPI LTD SPONSORED ADR NEW COM 803069202 26 1,804 X 1,804 0 0 SARA LEE CORP COM 803111103 59,302 2,456,586 X 1,379,942 169,834 906,810 SASOL LTD SPONSORED ADR COM 803866300 423 19,522 X 18,787 0 735 SATCON TECHNOLOGY CORP COM 803893106 4 2,000 X 2,000 0 0 SAUL CTRS INC COM 804395101 88 2,300 X 300 0 2,000 SAXON CAP INC NEW COM 80556T106 24,579 1,024,546 X 124,546 0 900,000 SBA COMMUNICATIONS CORP COM 78388J106 5 500 X 500 0 0 SBC COMMUNICATIONS INC COM 78387G103 106,663 4,139,029 X 2,869,668 215,886 1,053,475 SBS BROADCASTING S A COM L8137F102 12 300 X 0 0 300 SBS TECHNOLOGIES INC COM 78387P103 27 1,900 X 1,900 0 0 SCANA CORP NEW COM 80589M102 916 23,254 X 14,414 0 8,840 SCANSOFT INC COM 80603P107 93 22,234 X 19,804 0 2,430 SCANSOURCE INC COM 806037107 1,430 23,000 X 100 0 22,900 SCHEIN HENRY INC COM 806407102 5,358 76,937 X 47,144 4,575 25,218
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MARKET VALUE (IN SHARES PUT/ SOLE SHAR NO NAME OF ISSUER TITLE CUSIP THOUSANDS) OWNED CALL SOLE SHARED MANAGER VOTE VOTE VOTE --------------------------------- ----- --------- --------- ----------- ---- ---- ------ ------- --------- --------- --------- SCHERING PLOUGH CORP MANDATORY PFD CONV PFD 806605606 67 1,200 X 600 0 600 SCHERING-PLOUGH CORP COM 806605101 143,371 6,866,401 X 6,122,972 43,529 699,900 SCHLUMBERGER LTD COM 806857108 178,182 2,661,411 X 1,643,276 213,453 804,682 SCHLUMBERGER LTD SR NT CONV SER A BD 806857AC2 8 7,000 X 7,000 0 0 SCHMITT INDS INC ORE NEW COM 806870200 16 2,200 X 2,200 0 0 SCHNITZER STL INDS INC CL A COM 806882106 26 780 X 760 0 20 SCHOLASTIC CORP COM 807066105 1,241 33,586 X 26,460 1,000 6,126 SCHOOL SPECIALTY INC COM 807863105 210 5,459 X 4,559 0 900 SCHULMAN A INC COM 808194104 222 10,374 X 5,166 0 5,208 SCHWAB CHARLES CORP NEW COM 808513105 44,564 3,726,146 X 2,158,335 88,303 1,479,508 SCHWEITZER-MAUDUIT INTL INC COM 808541106 104 3,065 X 1,025 0 2,040 SCI SYS INC SUB NT CONV BD 783890AF3 19 20,000 X 20,000 0 0 SCICLONE PHARMACEUTICALS INC COM 80862K104 261 70,500 X 0 5,000 65,500 SCIENTIFIC ATLANTA INC COM 808655104 2,163 65,534 X 31,582 0 33,952 SCIENTIFIC GAMES CORP CL A COM 80874P109 1,424 59,745 X 13,145 0 46,600 SCIENTIFIC LEARNING CORP COM 808760102 90 15,000 X 15,000 0 0 SCITEX CORP LTD COM 809090103 5 1,000 X 1,000 0 0 SCOTTISH ANNUITY & LIFE HLDG COM G7885T104 72 2,780 X 480 0 2,300 SCOTTISH PWR PLC SPONSORED ADR FINA COM 81013T705 2,741 87,961 X 30,643 12,010 45,308 SCOTTS CO CL A COM 810186106 12,825 174,444 X 110,279 50,375 13,790 SCP POOL CORP COM 784028102 166 5,217 X 4,607 0 610 SCRIPPS HOWARD INC CL A COM 811054204 1,929 39,950 X 17,390 0 22,560 SCS TRANSN INC COM 81111T102 19 800 X 800 0 0 SCUDDER GLOBAL HIGH INCOME FD INC COM 81115E101 338 43,683 X 36,783 0 6,900 SCUDDER HIGH INCOME TR SHS COM 811153105 112 15,922 X 15,922 0 0 SCUDDER INTER GOVT TR SHS COM 811163104 9 1,300 X 0 0 1,300 SCUDDER MULTI-MARKET INCOME TR COM 81118Q101 19 2,000 X 2,000 0 0 SCUDDER NEW ASIA FD INC COM 811183102 6 400 X 0 0 400 SCUDDER STRATEGIC INCOME TR SHS COM 81123W101 8 600 X 600 0 0 SCUDDER STRATEGIC MUN INCOME TR SHS COM 811234103 25 2,000 X 2,000 0 0 SEA CONTAINERS LTD CL A COM 811371707 29 1,483 X 819 0 664 SEABULK INTL INC COM 81169P101 4 300 X 300 0 0 SEACHANGE INTL INC COM 811699107 40 2,300 X 2,300 0 0 SEACOAST BKG CORP FLA COM 811707306 1,215 54,612 X 1,400 0 53,212 SEACOR SMIT INC COM 811904101 582 10,900 X 5,380 0 5,520 SEAGATE TECHNOLOGY HOLDINGS PAYS COM G7945J104 3,400 196,856 X 192,489 0 4,367 SEALED AIR CORP NEW COM 81211K100 5,598 105,095 X 50,522 16,282 38,291 SEARS ROEBUCK & CO COM 812387108 10,112 198,159 X 78,607 19,203 100,349 SEATTLE GENETICS INC COM 812578102 27 4,155 X 3,855 0 300 SECTOR SPDR TR SHS BEN INT- COM 81369Y209 421 13,951 X 13,951 0 0 SECTOR SPDR TR SHS BEN INT- COM 81369Y308 187 8,093 X 8,093 0 0 SECTOR SPDR TR SHS BEN INT- COM 81369Y407 376 10,661 X 10,061 0 600 SECTOR SPDR TR SHS BEN INT- COM 81369Y605 337 11,031 X 10,831 0 200 SECTOR SPDR TR SHS BEN INT- COM 81369Y803 1,459 69,134 X 68,134 0 1,000 SECTOR SPDR TR SHS BEN INT- COM 81369Y886 1,223 43,917 X 28,617 0 15,300
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MARKET VALUE (IN SHARES PUT/ SOLE SHAR NO NAME OF ISSUER TITLE CUSIP THOUSANDS) OWNED CALL SOLE SHARED MANAGER VOTE VOTE VOTE --------------------------------- ----- --------- --------- ----------- ---- ---- ------ ------- --------- --------- --------- SECTOR SPDR TR SHS BEN INT-BASIC INDU COM 81369Y100 261 8,782 X 8,782 0 0 SECTOR SPDR TR SHS BEN INT-ENERGY EXCH COM 81369Y506 308 8,470 X 8,470 0 0 SECURE COMPUTING CORP COM 813705100 846 84,749 X 5,349 0 79,400 SEGUE SOFTWARE INC COM 815807102 39 6,300 X 0 2,100 4,200 SEI INVTS CO COM 784117103 946 22,569 X 14,669 0 7,900 SELECT COMFORT CORP COM 81616X103 465 25,900 X 900 0 25,000 SELECT MED CORP COM 816196109 82 4,655 X 880 0 3,775 SELECT SECTOR SPDR TR INDL (ETF COM 81369Y704 512 16,489 X 16,489 0 0 SEMCO ENERGY INC COM 78412D109 14 2,600 X 2,600 0 0 SERACARE LIFE SCIENCES INC COM 81747Q100 24 1,587 X 1,587 0 0 SERENA SOFTWARE INC COM 817492101 2,399 111,000 X 0 0 111,000 SEROLOGICALS CORP COM 817523103 1,574 71,165 X 1,665 0 69,500 SERONO S A SPONSORED ADR COM 81752M101 33 2,000 X 1,000 0 1,000 SERVICE CORP INTERNATIONAL COM 817565104 111 14,889 X 10,594 0 4,295 SERVICEMASTER CO COM 81760N109 4,305 312,187 X 165,454 7,331 139,402 SFBC INTL INC COM 784121105 2 46 X 0 0 46 SHAW COMMUNICATIONS INC CL B COM 82028K200 15,483 846,524 X 366,589 16,700 463,235 SHAW GROUP INC COM 820280105 155 8,660 X 2,910 0 5,750 SHELL TRANS & TRADING PLC NEW YORK SH N COM 822703609 3,811 74,143 X 44,902 5,000 24,241 SHENANDOAH TELECOMMUNICATIONS CO COM 82312B106 6 200 X 200 0 0 SHERWIN WILLIAMS CO COM 824348106 24,992 559,973 X 280,717 8,700 270,556 SHILOH INDS INC COM 824543102 35 2,500 X 0 0 2,500 SHIP FINANCE INTERNATIONAL LIMITED SHS COM G81075106 2 86 X 36 0 50 SHIRE PHARMACEUTICALS GROUP PLC SPON COM 82481R106 7,433 232,648 X 10,748 0 221,900 SHOPKO STORES INC COM 824911101 65 3,500 X 3,500 0 0 SHOPPING COM LTD COM M8405Q102 28 1,000 X 260 0 740 SHORE BANCSHARES INC COM 825107105 44 1,211 X 0 0 1,211 SHUFFLE MASTER INC COM 825549108 158 3,351 X 551 0 2,800 SHURGARD STORAGE CTRS INC CL A COM 82567D104 156 3,552 X 3,202 0 350 SI INTL INC COM 78427V102 881 28,625 X 0 0 28,625 SI TECHNOLOGIES INC COM 783978109 38 9,500 X 9,500 0 0 SIEBEL SYS INC COM 826170102 1,933 184,284 X 150,083 250 33,951 SIEMENS A G SPONSORED ADR COM 826197501 1,666 19,677 X 12,104 0 7,573 SIERRA HEALTH SVCS INC COM 826322109 95 1,729 X 1,629 0 100 SIERRA PAC RES NEW COM 826428104 3,382 322,112 X 109,010 15,000 198,102 SIGMA ALDRICH CORP COM 826552101 39,727 657,079 X 421,223 46,939 188,917 SIGMATEL INC COM 82661W107 20 560 X 500 0 60 SIGNET GROUP PLC SPONSORED ADR REPS COM 82668L872 195 9,020 X 0 0 9,020 SILICON GRAPHICS INC COM 827056102 208 120,100 X 25,000 0 95,100 SILICON IMAGE INC COM 82705T102 207 12,570 X 1,670 0 10,900 SILICON LABORATORIES INC COM 826919102 202 5,730 X 3,190 0 2,540 SILICON STORAGE TECHNOLOGY INC COM 827057100 0 60 X 0 0 60 SILICON VY BANCSHARES COM 827064106 1,562 34,857 X 6,120 0 28,737 SILICON VY BANCSHARES SUB NT CONV ZERO BD 827064AC0 8 6,000 X 6,000 0 0 SILICONIX INC COM NEW COM 827079203 7 200 X 200 0 0
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MARKET VALUE (IN SHARES PUT/ SOLE SHAR NO NAME OF ISSUER TITLE CUSIP THOUSANDS) OWNED CALL SOLE SHARED MANAGER VOTE VOTE VOTE --------------------------------- ----- --------- --------- ----------- ---- ---- ------ ------- --------- --------- --------- SILVER STD RES INC COM 82823L106 60 5,000 X 1,000 0 4,000 SIMON PPTY GROUP INC NEW COM 828806109 10,200 157,729 X 42,318 1,300 114,111 SIMON PPTY GROUP INC NEW PERP PFD CONV PFD 828806802 173 2,920 X 2,770 0 150 SIMPLETECH INC COM 828823104 2 400 X 400 0 0 SIMPSON MFG INC COM 829073105 35,351 1,012,910 X 511,760 0 501,150 SINA.COM COM G81477104 9,282 289,525 X 41,120 0 248,405 SINCLAIR BROADCAST GROUP INC CL A COM 829226109 5 552 X 552 0 0 SINCLAIR BROADCAST GROUP INC PFD CONV PFD 829226505 43 1,000 X 1,000 0 0 SINOVAC BIOTECH LTD COM P8696W104 7 2,000 X 2,000 0 0 SIPEX CORP COM 829909100 46 9,900 X 9,900 0 0 SIRENZA MICRODEVICES INC COM 82966T106 4 598 X 0 0 598 SIRF TECHNOLOGY HLDGS INC COM 82967H101 81 6,375 X 0 0 6,375 SIRIUS SATELLITE RADIO INC COM 82966U103 2,881 378,093 X 250,310 2,200 125,583 SIRNA THERAPEUTICS INC COM 829669100 204 64,334 X 64,200 0 134 SIRVA INC COM 82967Y104 15 800 X 800 0 0 SIX FLAGS INC COM 83001P109 4 700 X 700 0 0 SIZELER PPTY INVS INC COM 830137105 5 447 X 447 0 0 SJW CORP COM 784305104 221 6,070 X 6,070 0 0 SK TELECOM LTD SPONSORED ADR COM 78440P108 4,992 224,355 X 11,470 0 212,885 SKECHERS U S A INC CL A COM 830566105 16 1,200 X 1,200 0 0 SKILLSOFT PUB LTD CO SPONSORED ADR COM 830928107 42 7,500 X 7,500 0 0 SKY FINL GROUP INC COM 83080P103 625 21,810 X 17,710 0 4,100 SKYEPHARMA PLC SPONSORED ADR COM 830808101 1 100 X 0 0 100 SKYLINE CORP COM 830830105 20 500 X 500 0 0 SKYWEST INC COM 830879102 1,493 74,432 X 6,700 0 67,732 SKYWORKS SOLUTIONS INC COM 83088M102 1,013 107,439 X 13,339 0 94,100 SL GREEN RLTY CORP COM 78440X101 225 3,710 X 2,510 1,000 200 SLM CORP COM 78442P106 55,328 1,036,288 X 468,917 64,972 502,399 SMART & FINAL INC COM 831683107 4 300 X 300 0 0 SMITH & NEPHEW P L C SPONSORED ADR NEW COM 83175M205 166 3,200 X 3,200 0 0 SMITH A O CORP CL B COM 831865209 19 650 X 0 0 650 SMITH INTERNATIONAL INC COM 832110100 5,958 109,497 X 32,697 0 76,800 SMITHFIELD FOODS INC COM 832248108 415 14,040 X 13,240 0 800 SMITHTOWN BANCORP INC COM 832449102 191 6,000 X 0 0 6,000 SMTC CORP NEW COM 832682207 2 760 X 760 0 0 SMUCKER J M CO NEW COM 832696405 29,221 620,807 X 354,004 57,504 209,299 SMURFIT-STONE CONTAINER CORP COM 832727101 543 29,059 X 20,034 0 9,025 SMURFIT-STONE CONTAINER CORP PFD CONV PFD 832727200 51 2,000 X 2,000 0 0 SNAP ON INC COM 833034101 15,638 455,108 X 209,696 3,885 241,527 SOHU COM INC PAYS COM 83408W103 7 400 X 400 0 0 SOLA INTL INC COM 834092108 162 5,900 X 400 0 5,500 SOLECTRON CORP COM 834182107 7,643 1,434,022 X 914,206 16,700 503,116 SOMANETICS CORP NEW COM 834445405 442 28,708 X 11,558 0 17,150 SONIC AUTOMATIC INC COM 83545G102 17 700 X 700 0 0 SONIC CORP COM 835451105 10,776 353,297 X 318,076 0 35,221
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MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------------- ----- --------- -------------- ------------ -------- ---- ------ ------- --------- --------- --------- SONIC FDRY INC COM 83545R108 0 100 X 0 0 100 SONIC INNOVATIONS INC COM 83545M109 24 5,805 X 5,805 0 0 SONIC SOLUTIONS COM 835460106 45 2,000 X 0 0 2,000 SONICWALL INC COM 835470105 26 4,094 X 4,094 0 0 SONOCO PRODUCTS CO COM 835495102 44,322 1,494,823 X 1,057,998 42,275 394,550 SONOSIGHT INC COM 83568G104 255 7,508 X 1,033 0 6,475 SONUS NETWORKS INC COM 835916107 97 16,975 X 16,975 0 0 SONY CORP NEW AMER DEPOSITORY SHS COM 835699307 5,637 144,688 X 21,273 6,200 117,215 SOTHEBYS HLDGS INC CL A COM 835898107 51,644 2,843,811 X 1,168,202 50,800 1,624,809 SOUND FED BANCORP INC COM 83607V104 4 276 X 276 0 0 SOURCE CAPITAL INC COM 836144105 675 9,438 X 3,413 4,666 1,359 SOURCE INFORMATION MGMT CO NEW COM 836151209 446 33,600 X 5,000 0 28,600 SOURCECORP INC COM 836167106 4 200 X 200 0 0 SOUTH FINL GROUP INC COM 837841105 195 5,995 X 4,415 0 1,580 SOUTH JERSEY INDUSTRIES INC COM 838518108 319 6,068 X 3,300 0 2,768 SOUTHERN CMNTY FINL CORP COM 842632101 13 1,300 X 1,300 0 0 SOUTHERN CO COM 842587107 12,895 384,693 X 231,121 17,600 135,972 SOUTHERN PERU COPPER CORP COM 843611104 194 4,110 X 3,710 0 400 SOUTHERN UN CO NEW COM 844030106 114 4,765 X 4,565 0 200 SOUTHWEST AIRLINES CO COM 844741108 50,644 3,110,836 X 2,414,775 1,525 694,536 SOUTHWEST BANCORP INC OKLA COM 844767103 10 400 X 400 0 0 SOUTHWEST BANCORPORATION TEX INC COM 84476R109 1,141 48,998 X 6,600 0 42,398 SOUTHWEST GAS CORP COM 844895102 677 26,660 X 26,440 0 220 SOUTHWEST WTR CO COM 845331107 17 1,229 X 699 0 530 SOUTHWESTERN ENERGY CO COM 845467109 6,397 126,205 X 13,987 0 112,218 SOVEREIGN BANCORP INC COM 845905108 25,448 1,128,533 X 442,701 50,000 635,832 SOVRAN SELF STORAGE INC COM 84610H108 344 8,171 X 2,840 0 5,331 SPAIN FD INC COM 846330108 151 11,300 X 9,000 0 2,300 SPANISH BROADCASTING SYS INC CL A COM 846425882 53 5,050 X 5,050 0 0 SPARTECH CORP COM NEW COM 847220209 27 995 X 995 0 0 SPATIALIGHT INC COM 847248101 124 13,800 X 13,800 0 0 SPDR TR UNIT SER 1 EXCH COM 78462F103 127,986 1,058,871 X 965,644 639 92,588 SPECIALTY LABORATORIES INC COM 84749R100 54 4,900 X 4,900 0 0 SPECTRALINK CORP COM 847580107 152 10,700 X 3,800 0 6,900 SPECTRASITE INC COM 84761M104 580 10,019 X 3,689 0 6,330 SPECTRUM PHARMACEUTICALS INC COM 84763A108 1 80 X 0 0 80 SPEEDWAY MOTORSPORTS INC COM 847788106 39 1,000 X 1,000 0 0 SPHERION CORP COM 848420105 3 400 X 400 0 0 SPINNAKER EXPL CO COM 84855W109 95 2,700 X 2,700 0 0 SPIRE COM 848565107 13 3,000 X 3,000 0 0 SPORTS AUTH INC NEW COM 84917U109 8 300 X 300 0 0 SPRINT CORP (FON GROUP) COM 852061100 19,837 798,239 X 557,592 50,664 189,983 SPSS INC COM 78462K102 26 1,632 X 0 0 1,632 SPX CORP COM 784635104 782 19,527 X 17,345 0 2,182 SRA INTL INC CL A COM 78464R105 915 14,256 X 100 0 14,156
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MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------------- ----- --------- -------------- ------------ -------- ---- ------ ------- --------- --------- --------- SS&C TECHNOLOGIES INC COM 85227Q100 105 5,100 X 1,300 0 3,800 ST JOE CORP COM 790148100 251,187 3,912,776 X 2,044,446 196,595 1,671,735 ST JUDE MED INC COM 790849103 8,787 209,561 X 152,595 0 56,966 ST MARY LD & EXPL CO COM 792228108 102 2,446 X 2,446 0 0 ST PAUL COS INC COM 792860108 27,118 731,549 X 562,729 26,048 142,772 ST PAUL COS INC EQUITY UNIT EQUI PFD 792860306 382 5,700 X 3,700 0 2,000 STAGE STORES INC NEW COM 85254C305 20 474 X 454 0 20 STAMPS.COM INC NEW COM 852857200 29 1,800 X 1,500 0 300 STANCORP FINL GROUP INC COM 852891100 699 8,477 X 7,906 0 571 STANDARD COMMERCING TOBACCO CO INC COM 853258101 41 2,120 X 1,250 800 70 STANDARD MICROSYSTEMS CORP COM 853626109 299 16,790 X 16,790 0 0 STANDARD MOTOR PRODUCTS INC COM 853666105 5 310 X 310 0 0 STANDARD PAC CORP COM 85375C101 4,905 76,470 X 8,370 0 68,100 STANDARD REGISTER CO COM 853887107 472 33,420 X 28,220 0 5,200 STANDEX INTERNATIONAL CORP COM 854231107 9 320 X 300 0 20 STANLEY FURNITURE INC NEW COM 854305208 111 2,477 X 1,727 0 750 STANLEY WORKS COM 854616109 2,660 54,295 X 37,738 3,000 13,557 STAPLES INC COM 855030102 27,135 804,962 X 576,330 17,350 211,282 STAR GAS PARTNERS L P UNIT LTD PART COM 85512C105 44 5,887 X 4,987 0 900 STARBUCKS CORP COM 855244109 82,317 1,320,029 X 815,925 22,255 481,849 STARRETT L S CO COM 855668109 52 2,522 X 1,281 0 1,241 STARTEK INC COM 85569C107 64 2,250 X 400 0 1,850 STARWOOD HOTELS & RESORTS WORL COM 85590A203 7,483 128,137 X 41,981 0 86,156 STATE BANCORP NY COM 855716106 1,654 60,147 X 52,551 0 7,596 STATE FINL SVCS CORP CL A COM 856855101 6 200 X 200 0 0 STATE STR CORP COM 857477103 82,365 1,676,811 X 1,245,450 11,770 419,591 STATION CASINOS INC COM 857689103 31 576 X 476 0 100 STEAK N SHAKE CO COM 857873103 18 900 X 900 0 0 STEEL DYNAMICS INC COM 858119100 18,599 491,010 X 133,510 0 357,500 STEELCASE INC CL A COM 858155203 360 25,990 X 24,400 0 1,590 STEINER LEISURE LTD COM P8744Y102 6 185 X 185 0 0 STEINWAY MUSICAL INSTRS INC ORD COM 858495104 48 1,650 X 1,650 0 0 STEMCELLS INC COM 85857R105 10 2,398 X 2,000 0 398 STERICYCLE INC COM 858912108 52,082 1,133,450 X 815,919 25,825 291,706 STERIS CORP COM 859152100 779 32,850 X 19,100 0 13,750 STERLING BANCORP COM 859158107 109 3,874 X 3,874 0 0 STERLING BANCSHARES INC COM 858907108 376 26,346 X 15,346 0 11,000 STERLING FINL CORP WASH COM 859319105 65 1,653 X 1,603 0 50 STEWART & STEVENSON SERVICES INC COM 860342104 190 9,400 X 9,200 0 200 STEWART ENTERPRISES INC CL A COM 860370105 6 900 X 500 0 400 STEWART INFORMATION SERVICES CORP COM 860372101 29 700 X 700 0 0 STEWART W P & CO LTD COM G84922106 46,589 1,969,109 X 1,048,695 53,323 867,091 STILLWATER MNG CO COM 86074Q102 4,533 402,615 X 2,615 0 400,000 STMICROELECTRONICS N V SHS-N Y REGI COM 861012102 535 27,710 X 12,440 0 15,270 STONE ENERGY CORP COM 861642106 329 7,291 X 200 0 7,091
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MARKET VALUE PUT/ NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------------- ----- ------------- -------------- ------------ ---- ---- ------ ------- --------- --------- --------- STONERIDGE INC COM 86183P102 51 3,400 X 2,600 0 800 STORA ENSO CORP SPONSORED ADR REPS COM 86210M106 1,725 113,388 X 111,574 0 1,814 STORAGE TECHNOLOGY CORP COM PAR $0.1 COM 862111200 1,195 37,800 X 11,410 0 26,390 STRATAGENE CORP COM 86269H107 16 2,000 X 2,000 0 0 STRATEGIC GLOBAL INCOME FD INC COM 862719101 228 14,500 X 9,500 0 5,000 STRATEX NETWORKS INC COM 86279T109 21 9,400 X 9,400 0 0 STRATTEC SEC CORP COM 863111100 31 500 X 0 0 500 STRATUS PPTYS INC NEW COM 863167201 4 232 X 44 0 188 STRAYER ED INC COM 863236105 5 42 X 42 0 0 STREETTRACKS GOLD TR ETF GOLD COM 863307104 1,171 26,740 X 7,000 7,000 12,740 STREETTRACKS SER TR DOW JONES U S LARG COM 86330E109 40 816 X 816 0 0 STREETTRACKS SER TR DOW JONES U S LARG COM 86330E208 421 3,083 X 3,083 0 0 STREETTRACKS SER TR HIGH TECH 35 INDE COM 86330E703 27 530 X 530 0 0 STREETTRACKS SER TR WILSHIRE REIT INDE COM 86330E604 17,950 95,693 X 92,263 0 3,430 STRIDE RITE CORP COM 863314100 116 10,395 X 7,795 0 2,600 STRYKER CORP COM 863667101 72,199 1,496,558 X 1,337,188 2,175 157,195 STUDENT LN CORP COM 863902102 132 720 X 720 0 0 STURM RUGER & CO INC COM 864159108 40 4,433 X 1,433 0 3,000 SUBURBAN PROPANE PARTNERS L P COM 864482104 897 25,819 X 17,619 0 8,200 SUFFOLK BANCORP COM 864739107 7 200 X 0 0 200 SUMMIT PPTYS INC COM 866239106 1,742 53,500 X 51,500 0 2,000 SUN BANCORP INC N J COM 86663B102 301 12,372 X 12,372 0 0 SUN CMNTYS INC COM 866674104 271 6,725 X 5,025 0 1,700 SUN LIFE FINL SVCS CDA INC COM 866796105 1,099 32,770 X 23,015 0 9,755 SUN MICROSYSTEMS INC COM 866810104 15,778 2,927,167 X 2,061,449 24,500 841,218 SUNCOR ENERGY INC COM 867229106 92,563 2,614,775 X 1,518,124 75,725 1,020,926 SUNCOR ENERGY INC CALL OPTION COM 86Z99C9730999 3,500 112,665 CALL X 3,500 SUNGARD DATA SYS INC COM 867363103 14,721 519,617 X 381,648 50 137,919 SUNOCO INC COM 86764P109 3,187 39,001 X 17,756 4,900 16,345 SUNOCO LOGISTICS PARTNERS L P M UNIT COM 86764L108 1,557 36,165 X 19,571 0 16,594 SUNRISE SR LIVING INC COM 86768K106 17,185 370,680 X 269,750 4,600 96,330 SUNSTONE HOTEL INVS INC NEW COM 867892101 4 175 X 175 0 0 SUNTERRA CORP NEW COM 86787D208 22 1,580 X 1,580 0 0 SUNTRUST BKS INC COM 867914103 80,679 1,092,028 X 357,148 20,425 714,455 SUPERCONDUCTOR TECHNOLOGIES INC COM 867931107 7 5,020 X 5,000 0 20 SUPERGEN INC COM 868059106 38 5,400 X 5,400 0 0 SUPERIOR CONSULTANT INC COM 868146101 167 19,800 X 0 1,600 18,200 SUPERIOR ENERGY SVCS INC COM 868157108 754 48,946 X 26,446 0 22,500 SUPERIOR INDUSTRIES INT INC COM 868168105 261 9,000 X 4,250 0 4,750 SUPERTEX INC COM 868532102 66 3,030 X 3,030 0 0 SUPERVALU INC COM 868536103 5,119 148,290 X 140,515 0 7,775 SUPERVALU INC LIQUID YIELD OPT NT ZERO BD 868536AP8 34 95,000 X 95,000 0 0 SUPPORT.COM INC COM 868587106 23 3,525 X 0 0 3,525 SUREWEST COMMUNICATIONS COM 868733106 99 3,504 X 500 0 3,004 SURMODICS INC COM 868873100 221 6,800 X 6,300 0 500
Page 81 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE PUT/ NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------------- ----- ------------- -------------- ------------ ---- ---- ------ ------- --------- --------- --------- SUSQUEHANNA BANCSHARES INC PA COM 869099101 1,135 45,473 X 4,375 0 41,098 SWIFT ENERGY CO COM 870738101 70 2,410 X 2,410 0 0 SWIFT TRANSPORTATION CO INC COM 870756103 39 1,800 X 1,800 0 0 SWISS HELVETIA FUND, INC. COM 870875101 168 11,206 X 10,206 0 1,000 SWS GROUP INC COM 78503N107 42 1,920 X 1,920 0 0 SYBASE INC COM 871130100 1,638 82,081 X 6,804 1,202 74,075 SYBRON DENTAL SPECIALTIES INC COM 871142105 193 5,450 X 5,350 0 100 SYCAMORE NETWORKS INC COM 871206108 513 126,450 X 82,500 0 43,950 SYMANTEC CORP COM 871503108 64,652 2,509,784 X 1,499,238 86,450 924,096 SYMBOL TECHNOLOGIES INC COM 871508107 10,647 615,437 X 155,910 0 459,527 SYMMETRICOM INC COM 871543104 500 51,468 X 0 4,800 46,668 SYMMETRY MED INC COM 871546206 221 10,500 X 0 0 10,500 SYMYX TECHNOLOGIES INC COM 87155S108 769 25,592 X 25,592 0 0 SYNAPTICS INC COM 87157D109 214 6,997 X 2,178 925 3,894 SYNERGY FINL GROUP INC N J COM 87162V102 20 1,500 X 1,500 0 0 SYNGENTA AG SPONSORED ADR COM 87160A100 1,529 71,622 X 14,584 0 57,038 SYNOPSYS INC COM 871607107 3,367 172,240 X 163,950 0 8,290 SYNOVIS LIFE TECHNOLOGIES INC COM 87162G105 54 5,000 X 5,000 0 0 SYNOVUS FINL CORP COM 87161C105 2,236 78,251 X 65,121 0 13,130 SYNTEL INC COM 87162H103 5 300 X 300 0 0 SYSCO CORP COM 871829107 433,067 11,345,729 X 8,165,678 374,140 2,805,911 SYSTEMAX INC COM 871851101 15 2,000 X 0 0 2,000 TAIWAN FD INC COM 874036106 27 2,000 X 2,000 0 0 TAIWAN SEMICONDUCTOR MFG CO LTD ADR COM 874039100 7,276 856,970 X 120,752 969 735,249 TAKE-TWO INTERACTIVE SOFTWARE INC COM 874054109 56 1,600 X 1,500 0 100 TALBOTS INC COM 874161102 2,587 95,019 X 2,504 0 92,515 TALISMAN ENERGY INC COM 87425E103 1,591 59,031 X 2,300 1,500 55,231 TALK AMER HLDGS INC NEW COM 87426R202 1 100 X 100 0 0 TANGER FACTORY OUTLET CTRS INC COM 875465106 370 13,980 X 8,860 0 5,120 TANOX INC COM 87588Q109 280 18,400 X 600 1,300 16,500 TAPESTRY PHARMACEUTICALS INC COM 876031105 12 11,900 X 0 0 11,900 TARGET CORP COM 87612E106 235,058 4,526,430 X 3,145,798 211,458 1,169,174 TARO PHARMACEUTICAL\ INDUSTRIES LTD COM M8737E108 2,583 75,906 X 36,506 1,900 37,500 TARRAGON RLTY INVS INC COM 876287103 176 9,876 X 2,721 0 7,155 TASER INTL INC COM 87651B104 11 360 X 360 0 0 TASTY BAKING CO COM 876553306 7 900 X 900 0 0 TAUBMAN CTRS INC COM 876664103 430 14,357 X 11,397 0 2,960 TAYLOR CAP GROUP INC COM 876851106 15 440 X 400 0 40 TBC CORP NEW COM 872183108 199 7,142 X 792 0 6,350 TC PIPELINES LP UNIT LTD PART COM 87233Q108 30 800 X 0 0 800 TCF FINANCIAL CORP COM 872275102 20,801 647,189 X 460,425 9,350 177,414 TCW CONV SECS FD INC COM 872340104 75 14,000 X 4,000 0 10,000 TDC A/S COM 87236N102 21 1,000 X 1,000 0 0 TECH DATA CORP COM 878237106 472 10,390 X 8,650 0 1,740 TECHNE CORP COM 878377100 1,539 39,560 X 38,990 0 570
Page 82 of 94 U.S. TRUST CORPORATION - 13F AS OF 12/31/04
MARKET VALUE PUT/ NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------------- ----- ------------- -------------- ------------ ---- ---- ------ ------- --------- --------- --------- TECHNITROL INC COM 878555101 15,950 876,370 X 225,620 0 650,750 TECHNOLOGY SOLUTIONS CO COM 87872T108 6 5,000 X 5,000 0 0 TECO ENERGY INC COM 872375100 3,402 221,597 X 125,168 20,400 76,029 TECUMSEH PRODS CO CL A COM 878895200 20,787 434,881 X 225,080 3,350 206,451 TEEKAY SHIPPING CORP COM Y8564W103 486 11,550 X 9,550 0 2,000 TEGAL CORP COM 879008100 18 10,860 X 10,860 0 0 TEJON RANCH CO COM 879080109 153 3,750 X 3,700 0 50 TEKELEC COM 879101103 227 11,086 X 2,100 0 8,986 TEKTRONIX INC COM 879131100 773 25,572 X 10,332 0 15,240 TELE CENTRO OESTE CELULAR PART PFD 87923P105 1 126 X 4 0 122 TELE NORTE LESTE PARTICIPACOES S A SPON PFD 879246106 6 381 X 0 0 381 TELE SUDESTE CELULAR PARTICIPACOES S A PFD 879252104 0 8 X 0 0 8 TELECOM CORP NEW ZEALAND LTD COM 879278208 221 6,227 X 6,227 0 0 TELECOM ITALIA S P A NEW SPONSORED ADR COM 87927Y102 53 1,287 X 0 0 1,287 TELECOMUNICACOES BRASILEIRAS S A SONS PFD 879287308 15 480 X 0 0 480 TELECOMUNICACOES DE SAO PAULO S A TELE PFD 87929A102 1 40 X 0 0 40 TELEDYNE TECHNOLOGIES INC COM 879360105 308 10,477 X 10,377 0 100 TELEFLEX INCORPORATED COM 879369106 18,859 363,095 X 149,463 21,750 191,882 TELEFONOS DE MEXICO COM 879403780 40 1,050 X 1,050 0 0 TEMPLETON EMERGING MKTS INCOME FD INC COM 880192109 267 19,400 X 11,100 4,000 4,300 TEMPLETON GLOBAL INCOME FD INC COM 880198106 201 20,203 X 6,035 434 13,734 TEMPUR PEDIC INTL INC COM 88023U101 191 9,025 X 100 0 8,925 TENET HEALTHCARE CORP COM 88033G100 43,711 3,980,928 X 81,928 0 3,899,000 TENGASCO INC NEW COM 88033R205 1 2,205 X 2,205 0 0 TENNANT CO COM 880345103 64 1,606 X 1,606 0 0 TENNECO AUTOMOTIVE INC COM 880349105 26 1,497 X 1,487 0 10 TEPPCO PARTNERS L P UNIT LTD PART COM 872384102 19,812 502,981 X 264,779 63,475 174,727 TERADYNE INC COM 880770102 907 53,129 X 33,055 0 20,074 TERAYON COMMUNICATION SYS COM 880775101 3 1,275 X 1,175 0 100 TEREX CORP NEW COM 880779103 93 1,948 X 1,848 0 100 TERRA NETWORKS S A SPONSORED ADR COM 88100W103 0 8 X 8 0 0 TERREMARK WORLDWIDE INC COM 881448104 38 60,000 X 20,000 0 40,000 TESORO PETROLEUM CORP COM 881609101 68 2,120 X 1,930 0 190 TESSERA TECHNOLOGIES INC COM 88164L100 738 19,840 X 19,100 0 740 TETRA TECH INC NEW COM 88162G103 98 5,880 X 5,880 0 0 TETRA TECHNOLOGIES INC DEL COM 88162F105 304 10,750 X 10,750 0 0 TEVA PHARMACEUTICAL FIN II LLC SR DEB BD 88164RAA5 18 18,000 X 18,000 0 0 TEVA PHARMACEUTICAL FIN II LLC SR DEB BD 88164RAB3 7 7,000 X 7,000 0 0 TEVA PHARMACEUTICAL INDS LTD - COM 88Z9959820999 1,000 27,800 CALL X 1,000 TEVA PHARMACEUTICAL INDS LTD ADR COM 881624209 86,776 2,906,086 X 1,545,170 77,568 1,283,348 TEXAS CAP BANCSHARES INC COM 88224Q107 491 22,689 X 22,449 0 240 TEXAS INDUSTRIES INC COM 882491103 422 6,770 X 1,240 0 5,530 TEXAS INSTRUMENTS INC COM 882508104 187,462 7,614,238 X 3,459,549 699,192 3,455,497 TEXAS INSTRUMENTS INC CALL OPTION COM 88599K9170999 1,000 22,890 CALL X 1,000 TEXAS INSTRUMENTS INC CALL OPTIONS COM 88599K9W90999 1,500 34,335 CALL X 1,500
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MARKET VALUE PUT/ NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------------- ----- ------------- -------------- ------------ ---- ---- ------ ------- --------- --------- --------- TEXAS INSTRUMENTS INC PUT OPTIONS COM 88699S9680999 1,500 34,335 CALL X 1,500 TEXAS PACIFIC LAND TRUST SUB SHARE COM 882610108 486 3,600 X 0 0 3,600 TEXAS REGL BANCSHARES INC CL A COM 882673106 622 19,042 X 8,850 0 10,192 TEXTRON INC COM 883203101 3,367 45,624 X 32,272 700 12,652 THAI CAP FD INC NEW COM 882905201 2 250 X 250 0 0 THERAGENICS CORP COM 883375107 81 20,000 X 20,000 0 0 THERMO ELECTRON CORP COM 883556102 11,520 381,580 X 197,143 36,000 148,437 THERMO ELECTRON CORP GTD SUB DEB CONV BD 883556AJ1 35 35,000 X 35,000 0 0 THERMOGENESIS CORP NEW COM 883623209 51 8,000 X 0 0 8,000 THOMAS & BETTS CORPORATION TENN COM 884315102 28,649 931,683 X 231,857 0 699,826 THOMAS INDUSTRIES INC COM 884425109 23 575 X 275 0 300 THOMAS PPTYS GROUP INC COM 884453101 20 1,600 X 0 0 1,600 THOMSON CORP COM 884903105 49 1,386 X 1,386 0 0 THOMSON MULTIMEDIA SPONSORED ADR COM 885118109 393 14,800 X 0 0 14,800 THOR INDS INC COM 885160101 22,600 609,975 X 269,050 0 340,925 THORATEC CORPORATION COM 885175307 360 34,560 X 33,725 0 835 THORNBURG MTG ASSET CORP COM 885218107 2,619 90,428 X 52,290 0 38,138 T-HQ INC NEW COM 872443403 38 1,640 X 1,640 0 0 THREE-FIVE SYS INC COM 88554L108 0 16 X 16 0 0 TIB FINL CORP COM 872449103 6 250 X 250 0 0 TIBCO SOFTWARE INC COM 88632Q103 539 40,422 X 17,497 0 22,925 TIDEWATER INC COM 886423102 3,683 103,427 X 24,505 0 78,922 TIERONE CORP COM 88650R108 5 200 X 0 0 200 TIFFANY & CO NEW COM 886547108 40,144 1,255,677 X 863,959 45,800 345,918 TIM PARTICIPACOES S A SPONSORED ADR PFD 88706P106 1 45 X 1 0 44 TIMBERLAND CO CL A COM 887100105 47,557 758,847 X 539,392 30,950 188,505 TIME WARNER INC NEW COM 887317105 116,096 5,968,957 X 3,289,099 364,793 2,315,065 TIME WARNER INC NEW CALL OPTION COM 88799F9810999 1,000 18,910 CALL X 1,000 TIME WARNER INC NEW CALL OPTION COM 88799F9Y40999 3,000 56,730 CALL X 3,000 TIME WARNER INC NEW CALL OPTIONS COM 88799F9Z10999 5,000 94,550 CALL X 5,000 TIMKEN CO COM 887389104 2,877 110,580 X 4,780 0 105,800 TITAN CORP COM 888266103 327 20,160 X 19,960 0 200 TITAN PHARMACEUTICALS INC DEL COM 888314101 135 41,900 X 200 3,500 38,200 TITANIUM METALS CORP NEW COM 888339207 225 9,300 X 500 0 8,800 TIVO INC COM 888706108 19 3,300 X 3,300 0 0 TJX COS INC NEW COM 872540109 96,055 3,822,310 X 1,144,865 8,100 2,669,345 TJX COS INC NEW LIQUID YIELD OPT NT Z BD 872540AL3 48 55,000 X 55,000 0 0 TODCO CL A COM 88889T107 37,733 2,048,460 X 293,560 0 1,754,900 TOLL BROS INC COM 889478103 164 2,395 X 2,295 0 100 TOLLGRADE COMMUNICATIONS INC COM 889542106 65 5,350 X 0 0 5,350 TOMMY HILFIGER COM G8915Z102 5 445 X 445 0 0 TOMPKINS CNTY TRUSTCO INC COM 890110109 69 1,288 X 0 0 1,288 TOO INC COM 890333107 10 420 X 161 0 259 TOOTSIE ROLL INDUSTRIES INC COM 890516107 2,472 71,380 X 39,364 0 32,016 TOP TANKERS INC COM Y8897Y107 600 36,900 X 0 0 36,900
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MARKET VALUE PUT/ NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------------- ----- ------------- -------------- ------------ ---- ---- ------ ------- --------- --------- --------- TOPPS INC COM 890786106 71 7,320 X 5,920 0 1,400 TORCHMARK CORP COM 891027104 4,231 74,042 X 31,297 1,300 41,445 TOREADOR RESOURCES CORPORATION COM 891050106 89 4,000 X 0 0 4,000 TORO CO COM 891092108 1,337 16,435 X 11,925 0 4,510 TORONTO DOMINION BANK COM COM 891160509 579 13,900 X 13,600 0 300 TOTAL FINA ELF S A CALL OPTIONS COM 89Y9999750999 500 52,630 CALL X 500 TOTAL FINA ELF S A PUT OPTIONS COM 89Y9999420999 500 52,630 PUT X 500 TOTAL S A SPON COM 89151E109 16,102 146,594 X 128,692 0 17,902 TOTAL SYS SVCS INC COM 891906109 143 5,900 X 3,200 0 2,700 TOWER AUTOMOTIVE INC COM 891707101 1 312 X 312 0 0 TOWER GROUP INC COM 891777104 1,692 140,999 X 140,999 0 0 TOWN & CTRY TR SH BEN INT COM 892081100 264 9,566 X 8,596 0 970 TOYOTA MOTOR CORP SPONSORED ADRCOM 892331307 8,966 109,513 X 52,733 16,190 40,590 TOYS-R-US INC COM 892335100 536 26,205 X 20,826 3,000 2,379 TPG N V SPONSORED ADR COM 892339102 386 14,150 X 0 0 14,150 TRACTOR SUPPLY CO COM 892356106 5,970 160,449 X 127,999 100 32,350 TRADESTATION GROUP INC COM 89267P105 5 700 X 700 0 0 TRAMMELL CROW CO COM 89288R106 73 4,040 X 840 0 3,200 TRANS LUX CORP COM 893247106 6 797 X 797 0 0 TRANS WORLD ENTMT CORP COM 89336Q100 37 3,000 X 0 0 3,000 TRANSACT TECHNOLOGIES INC COM 892918103 352 16,500 X 16,500 0 0 TRANSACTION SYS ARCHITECTS INC CL A COM 893416107 66 3,300 X 3,300 0 0 TRANSATLANTIC HLDGS INC COM 893521104 2,481 40,129 X 16,849 0 23,280 TRANSCANADA CORP COM 89353D107 274 10,998 X 3,700 0 7,298 TRANSGENOMIC INC COM 89365K206 2 1,800 X 1,800 0 0 TRANSKARYOTIC THERAPIES INC COM 893735100 34 1,337 X 945 0 392 TRANSMONTAIGNE INC COM 893934109 2 400 X 400 0 0 TRANSOCEAN INC COM G90078109 13,395 315,987 X 111,791 14,272 189,924 TRAVELZOO INC COM 89421Q106 29 300 X 300 0 0 TRC COS INC COM 872625108 12 700 X 700 0 0 TREDEGAR INDS INC COM 894650100 365 18,050 X 17,330 0 720 TREX INC COM 89531P105 165 3,150 X 2,000 0 1,150 TRI CONTINENTAL CORP COM 895436103 1,626 88,966 X 61,382 0 27,584 TRI VY CORP COM 895735108 31 2,500 X 2,500 0 0 TRIAD GTY INC COM 895925105 56 931 X 931 0 0 TRIAD HOSPITALS INC COM 89579K109 99,610 2,676,978 X 1,550,144 0 1,126,834 TRIARC COS INC CL A COM 895927101 33 2,500 X 2,500 0 0 TRIARC COS INC CL B SER 1 COM 895927309 96 7,800 X 7,800 0 0 TRIBUNE CO COM NEW COM 896047107 26,135 620,199 X 408,132 61,707 150,360 TRIBUNE CO NEW EXCHANGEABLE SUB DEB PFD 896047305 9 100 X 100 0 0 TRIDENT MICROSYSTEMS INC COM 895919108 328 19,625 X 19,625 0 0 TRIKON TECHNOLOGIES INC NEW COM 896187408 336 146,200 X 38,100 7,700 100,400 TRIMBLE NAV LTD COM 896239100 546 16,539 X 9,184 0 7,355 TRIMERIS INC COM 896263100 42 2,942 X 2,900 0 42 TRINITY BIOTECH PLC SPONSORED ADR COM 896438108 37 12,400 X 2,400 0 10,000
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MARKET VALUE PUT/ NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------------- ----- ------------- -------------- ------------ ---- ---- ------ ------- --------- --------- --------- TRINITY INDUSTRIES INC COM 896522109 73 2,130 X 2,030 0 100 TRIPATH IMAGING INC COM 896942109 58 6,501 X 1,500 0 5,001 TRIPOS INC COM 896928108 172 32,294 X 32,294 0 0 TRIQUINT SEMICONDUCTOR INC COM 89674K103 451 101,264 X 101,264 0 0 TRIUMPH GROUP INC NEW COM 896818101 7,114 180,100 X 100 0 180,000 TRIZEC HAHN CORP DEB EXCHANGEABLE PAYS BD 896938AB3 264 325,000 X 325,000 0 0 TRIZEC PPTYS INC COM 89687P107 16,819 888,941 X 592,213 0 296,728 TRUSTCO BK CORP N Y COM 898349105 663 48,058 X 32,058 0 16,000 TRUSTMARK CORP COM 898402102 19 600 X 600 0 0 TRW AUTOMOTIVE HLDGS CORP COM 87264S106 14 700 X 700 0 0 TSAKOS ENERGY NAVIGATION LTD COM G9108L108 1,707 47,700 X 1,000 0 46,700 TTM TECHNOLOGIES INC COM 87305R109 616 52,200 X 100 0 52,100 TUESDAY MORNING CORP NEW COM 899035505 12 400 X 400 0 0 TUFCO TECHNOLOGIES INC COM 899040109 13 1,500 X 1,500 0 0 TUMBLEWEED COMMUNICATIONS CORP COM 899690101 10 2,865 X 2,865 0 0 TUPPERWARE CORP COM 899896104 3,207 154,797 X 60,125 13,700 80,972 TUPPERWARE CORP CALL OPTION COM 89999G9930999 1,500 29,685 CALL X 1,500 TUT SYS INC COM 901103101 509 126,600 X 0 11,600 115,000 TXU CORP COM 873168108 20,684 320,383 X 131,642 9,600 179,141 TYCO INTL GROUP S A SR DEB CONV SER BD 902118BF4 21 13,000 X 13,000 0 0 TYCO INTL LTD NEW COM 902124106 133,289 3,729,402 X 1,528,642 20,133 2,180,627 TYSON FOODS INC COM 902494103 559 30,375 X 20,942 0 9,433 U S B HLDG INC COM 902910108 189 7,605 X 7,605 0 0 U S CONCRETE INC COM 90333L102 14 1,781 X 881 0 900 U S I HLDGS CORP COM 90333H101 1,133 97,967 X 300 0 97,667 U S RESTAURANT PPTYS INC COM 902971100 798 44,200 X 43,900 0 300 U S XPRESS ENTERPRISES INC CL A COM 90338N103 548 18,700 X 300 0 18,400 UBIQUITEL INC COM 903474302 0 10 X 10 0 0 UBS AG COM H8920M855 9,103 108,571 X 31,694 0 76,877 UCBH HLDGS INC COM 90262T308 310 6,757 X 6,227 0 530 UGI CORP NEW COM 902681105 13,274 324,477 X 191,028 81,250 52,199 UICI COM 902737105 35 1,030 X 900 0 130 UIL HLDG CORP COM 902748102 192 3,740 X 2,690 0 1,050 ULTICOM INC COM 903844108 5 300 X 300 0 0 ULTIMATE SOFTWARE GROUP INC COM 90385D107 6 500 X 0 0 500 ULTRA PETE CORP COM 903914109 3,218 66,861 X 86 0 66,775 ULTRALIFE BATTERIES INC COM 903899102 1 60 X 0 0 60 ULTRATECH STEPPER INC COM 904034105 43 2,300 X 2,300 0 0 UMB FINL CORP COM 902788108 27 470 X 370 0 100 UMPQUA HLDGS CORP COM 904214103 126 4,982 X 4,082 0 900 UNIBANCO-UNIAO DE BANCOS BRAS COM 90458E107 5,237 165,105 X 12,800 0 152,305 UNIFI INC COM 904677101 648 169,184 X 169,184 0 0 UNIFIRST CORP COM 904708104 5,830 206,149 X 168,134 0 38,015 UNILEVER N V COM 904784709 8,760 131,311 X 47,942 5,857 77,512 UNILEVER PLC ADR COM 904767704 634 16,047 X 5,738 0 10,309
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MARKET VALUE PUT/ NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------------- ----- ------------- -------------- ------------ ---- ---- ------ ------- --------- --------- --------- UNION BANKSHARES CORP COM 905399101 4 100 X 0 0 100 UNION PACIFIC CORP COM 907818108 134,960 2,006,842 X 540,306 62,609 1,403,927 UNIONBANCAL CORP COM 908906100 273 4,233 X 2,250 0 1,983 UNISOURCE ENERGY CORP COM 909205106 200 8,300 X 2,800 0 5,500 UNISYS CORP COM 909214108 23,318 2,290,601 X 45,880 4,030 2,240,691 UNIT CORP COM 909218109 131 3,421 X 2,148 0 1,273 UNITED AUTO GROUP INC COM 909440109 214 7,232 X 1,400 0 5,832 UNITED BANCSHARES INC OHIO COM 909458101 214 12,586 X 2,713 0 9,873 UNITED BANKSHARES INC W VA COM 909907107 3,862 101,245 X 895 0 100,350 UNITED CMNTY BKS INC BLAIRSVILLE GA C COM 90984P105 13 500 X 300 0 200 UNITED CMNTY FINL CORP OHIO COM 909839102 20 1,800 X 1,400 0 400 UNITED DEFENSE INDS INC COM 91018B104 281 5,946 X 2,696 0 3,250 UNITED DOMINION RLTY TR INC COM 910197102 4,303 173,508 X 104,516 29,900 39,092 UNITED FIRE & CAS CO COM 910331107 416 12,346 X 472 0 11,874 UNITED INDUSTL CORP COM 910671106 97 2,500 X 2,500 0 0 UNITED NAT FOODS INC COM 911163103 267 8,600 X 8,600 0 0 UNITED ONLINE INC COM 911268100 29 2,547 X 2,547 0 0 UNITED PARCEL SERVICE INC CALL COM 92099F8U20999 1,000 83,750 CALL X 1,000 UNITED PARCEL SERVICE INC CALL COM 92099F8W80999 45,500 3,810,625 CALL X 45,500 UNITED PARCEL SVC INC CL B COM 911312106 565,766 6,620,233 X 4,258,683 180,362 2,181,188 UNITED RENTALS INC COM 911363109 105,108 5,561,265 X 1,190,620 0 4,370,645 UNITED STATES CELLULAR CORP COM 911684108 319 7,131 X 5,641 0 1,490 UNITED STATIONERS INC COM 913004107 226 4,900 X 4,100 0 800 UNITED STS STL CORP NEW COM 912909108 1,050 20,495 X 12,288 0 8,207 UNITED SURGICAL PARTNERS INTL INC COM 913016309 276 6,625 X 1,500 0 5,125 UNITED TECHNOLOGIES CORP COM 913017109 612,110 5,922,689 X 646,796 4,373 5,271,520 UNITED TECHNOLOGIES CORP CALL COM 9.13019E+12 600 60,630 CALL X 600 UNITED TECHNOLOGIES CORP PUT COM 9130189Z20999 600 60,630 PUT X 600 UNITED THERAPEUTICS CORP DEL COM 91307C102 18 400 X 400 0 0 UNITEDGLOBALCOM CL A COM 913247508 6,643 687,643 X 406,221 0 281,422 UNITEDHEALTH GROUP INC COM 91324P102 38,713 439,763 X 302,810 3,667 133,286 UNITIL CORP COM 913259107 185 6,526 X 1,416 0 5,110 UNITRIN INC COM 913275103 4,342 95,530 X 72,420 0 23,110 UNIVERSAL AMERN FINL CORP COM 913377107 99 6,400 X 3,000 0 3,400 UNIVERSAL COMPRESSION HLDGS INC COM 913431102 40 1,148 X 1,148 0 0 UNIVERSAL CORP VA COM 913456109 232 4,840 X 4,810 0 30 UNIVERSAL DISPLAY CORP COM 91347P105 37 4,100 X 0 0 4,100 UNIVERSAL ELECTRS INC COM 913483103 289 16,408 X 15,308 0 1,100 UNIVERSAL FST PRODS INC COM 913543104 218 5,020 X 4,920 0 100 UNIVERSAL HEALTH RLTY INCOME TR SH BEN COM 91359E105 172 5,365 X 4,365 0 1,000 UNIVERSAL HEALTH SVCS INC CL B COM 913903100 246 5,524 X 5,324 0 200 UNIVERSAL HEALTH SVCS INC DEB CONV BD 913903AL4 5 9,000 X 9,000 0 0 UNIVERSAL SEC INSTRS INC NEW COM 913821302 3 200 X 0 0 200 UNIVERSAL STAINLESS & ALLOY PRODS INC COM 913837100 52 3,500 X 3,500 0 0 UNIVERSAL TECHNICAL INST INC COM 913915104 32 830 X 30 0 800
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MARKET VALUE PUT/ NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------------- ----- ------------- -------------- ------------ ---- ---- ------ ------- --------- --------- --------- UNIVEST CORP PA COM 915271100 742 16,127 X 0 0 16,127 UNIVISION COMMUNICATIONS INC COM 914906102 32,443 1,108,430 X 442,504 17,625 648,301 UNIZAN FINL CORP COM 91528W101 703 26,661 X 0 0 26,661 UNOCAL CORP COM 915289102 12,415 287,111 X 178,596 0 108,515 UNOVA INC COM 91529B106 3,838 151,742 X 135,292 0 16,450 UNUMPROVIDENT CORP COM 91529Y106 36,154 2,015,290 X 1,847,071 2,400 165,819 UNUMPROVIDENT CORP CALL OPTION COM 91W9999650999 40,000 688,800 CALL X 40,000 UNUMPROVIDENT CORP CALL OPTION COM 91W9999990999 30,500 525,210 CALL X 30,500 UNUMPROVIDENT CORP CALL OPTIONS COM 91W9999320999 60,000 1,033,200 CALL X 60,000 UNUMPROVIDENT CORP CALL OPTIONS COM 91W9999400999 90,000 1,549,800 CALL X 90,000 UNUMPROVIDENT CORP CALL OPTIONS COM 91W9999570999 65,000 1,119,300 CALL X 65,000 UPM KYMMENE CORP SPONSORED ADR COM 915436109 39 1,727 X 327 0 1,400 UQM TECHNOLOGIES INC COM 903213106 78 30,000 X 30,000 0 0 URBAN OUTFITTERS INC COM 917047102 15,311 344,838 X 85,780 0 259,058 UROLOGIX INC COM 917273104 8 1,300 X 1,300 0 0 URS CORP NEW COM 903236107 93 2,900 X 1,700 0 1,200 URSTADT BIDDLE PPTYS INC COM 917286106 304 18,800 X 0 1,200 17,600 URSTADT BIDDLE PPTYS INC CL A COM 917286205 691 40,500 X 3,200 18,200 19,100 US BANCORP DEL CALL OPTIONS COM 90Y9999810999 1,400 43,484 CALL X 1,400 US BANCORP DEL NEW COM 902973304 147,189 4,699,505 X 3,052,272 180,150 1,467,083 USEC INC COM 90333E108 5,852 603,900 X 3,500 0 600,400 USF CORP COM 91729Q101 34 900 X 900 0 0 USG CORP COM 903293405 465 11,540 X 1,390 0 10,150 UST INC COM 902911106 15,002 311,825 X 45,108 13,800 252,917 U-STORE-IT TR COM 91274F104 717 41,300 X 1,300 0 40,000 UTI WORLDWIDE INC COM G87210103 157 2,302 X 0 0 2,302 UTSTARCOM INC COM 918076100 1,161 52,415 X 21,945 0 30,470 V F CORP COM 918204108 1,752 31,640 X 13,710 0 17,930 VAIL RESORTS INC COM 91879Q109 51 2,281 X 1,601 0 680 VALASSIS COMMUNICATIONS INC COM 918866104 69 1,970 X 1,510 0 460 VALEANT PHARMACEUTICALS INTL COM 91911X104 429 16,282 X 14,962 0 1,320 VALERO L P COM 91913W104 1,945 33,174 X 29,024 0 4,150 VALERO REFNG & MARKETING CO COM 91913Y100 4,974 109,566 X 86,138 4,488 18,940 VALHI INC NEW COM 918905100 23 1,440 X 1,100 0 340 VALLEY BANCORP NEV COM 91929R107 21 500 X 500 0 0 VALLEY NATIONAL BANCORP COM 919794107 2,882 104,220 X 44,327 0 59,893 VALMONT INDUSTRIES INC COM 920253101 5 200 X 200 0 0 VALSPAR CORP COM 920355104 102,614 2,051,865 X 2,043,125 0 8,740 VALUECLICK INC COM 92046N102 930 69,800 X 2,500 0 67,300 VALUEVISION INTL INC COM 92047K107 19 1,400 X 1,400 0 0 VAN DER MOOLEN HLDG NV SPONSORED ADR COM 921020103 18,231 2,402,017 X 1,112,595 9,140 1,280,282 VAN KAMPEN AMERCIAN CAPITAL FLOR COM 920921103 15 1,000 X 0 0 1,000 VAN KAMPEN AMERICAN CAPITAL ADVA COM 921124103 45 3,115 X 2,000 0 1,115 VAN KAMPEN AMERICAN CAPITAL MUNI COM 920909108 21 2,378 X 2,378 0 0 VAN KAMPEN AMERICAN CAPITAL MUNI COM 920919107 69 4,671 X 3,000 0 1,671
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MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ---------------------- ----- --------- -------------- ------------ -------- ---- ------ ------- ---------- --------- -------- VAN KAMPEN AMERICAN CAPITAL STRA COM 920943107 10 823 X 823 0 0 VAN KAMPEN AMERICAN CAPITAL TR INSD COM 920928108 43 2,970 X 2,970 0 0 VAN KAMPEN AMERICAN CAPITAL TR INVT COM 920931102 345 23,036 X 19,036 0 4,000 VAN KAMPEN AMERN CAP BD FD INC COM 920955101 34 1,900 X 1,700 0 200 VAN KAMPEN AMERN CAP MASS VALUE MUN COM 92112R102 148 8,283 X 3,283 0 5,000 VAN KAMPEN AMERN CAP SR INCOME TR COM 920961109 1,496 177,638 X 174,256 0 3,382 VAN KAMPEN MERRITT LTD TERM HIGH INCO COM 920913100 45 8,800 X 8,800 0 0 VAN KAMPEN MERRITT MUN OPPORTUNITY TR COM 920935103 496 33,864 X 2,000 0 31,864 VAN KAMPEN MERRITT TR INVT GRADE MUNS COM 920929106 64 4,255 X 100 0 4,155 VAN KAMPEN MERRITT TR INVT GRADE NJ M COM 920933108 178 10,670 X 0 8,670 2,000 VAN KAMPEN MERRITT VALUE MUN INCO COM 921132106 51 3,700 X 2,700 0 1,000 VAN KAMPEN PA VALUE MUN INCOME TR COM COM 92112T108 40 2,500 X 0 0 2,500 VANGUARD INDEX TR EXTENDED MARKET INDE COM 922908652 203 2,447 X 0 0 2,447 VANGUARD INDEX TR VANGUARD TOTAL STK COM 922908769 5,179 43,871 X 20,888 0 22,983 VARCO INTL INC DEL COM 922122106 86 2,954 X 2,734 0 220 VARIAN INC COM 922206107 376 9,176 X 3,271 0 5,905 VARIAN MED SYS INC COM 92220P105 7,779 179,910 X 104,488 9,600 65,822 VARIAN SEMICONDUCTOR EQUIPTMENT ASSO COM 922207105 328 8,898 X 8,756 0 142 VASOGEN INC COM 92232F103 203 40,000 X 0 0 40,000 VASOMEDICAL INC COM 922321104 51 55,000 X 0 0 55,000 VCA ANTECH INC COM 918194101 2,420 123,873 X 122,938 0 935 VECTOR GROUP LTD COM 92240M108 333 19,999 X 19,999 0 0 VECTREN CORP COM 92240G101 12,090 451,137 X 261,498 3,225 186,414 VEECO INSTRS INC DEL COM 922417100 83 3,935 X 3,885 0 50 VEECO INSTRS INC DEL SUB NT CONV BD 922417AB6 22 22,000 X 22,000 0 0 VELCRO INDUSTRIES NV COM PV $1 COM 922571104 33 2,500 X 2,500 0 0 VENTANA MED SYS INC COM 92276H106 889 13,900 X 7,300 500 6,100 VENTAS INC COM 92276F100 102 3,730 X 2,830 0 900 VEOLIA ENVIRONNEMENT SPONSORED ADR COM 92334N103 77 2,114 X 0 0 2,114 VERILINK CORP COM 923432108 104 38,500 X 0 0 38,500 VERINT SYS INC COM 92343X100 5 141 X 100 0 41 VERISIGN INC COM 92343E102 2,661 79,187 X 47,147 0 32,040 VERISITY LTD COM M97385112 34 4,097 X 0 0 4,097 VERITAS DGC INC COM 92343P107 92 4,125 X 3,225 0 900 VERITAS SOFTWARE CO COM 923436109 23,919 837,762 X 184,082 12,420 641,260 VERITY INC COM 92343C106 20 1,500 X 1,500 0 0 VERIZON COMMUNICATIONS INC COM 92343V104 221,952 5,478,953 X 3,745,210 382,105 1,351,638 VERIZON GLOBAL FDG CORP NT CONV ZERO BD 92344GAN6 0 500 X 500 0 0 VERMONT PURE HLDGS LTD NEW COM 924237100 63 35,000 X 35,000 0 0 VERNALIS PLC SPONSORED ADR COM 92431M107 48 15,000 X 0 1,000 14,000 VERSO TECHNOLOGIES INC COM 925317109 1 2,000 X 2,000 0 0 VERTEX PHARMACEUTICALS INC COM 92532F100 19 1,820 X 1,520 0 300 VERTEX PHARMACEUTICALS INC SUB NT CONV BD 92532FAD2 19 20,000 X 20,000 0 0 VERTICALNET INC COM NEW COM 92532L206 0 105 X 100 0 5 VERTURE INC COM 92534N101 72 1,900 X 1,900 0 0
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MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE -------------------- ----- ----------- -------------- ------------ -------- ---- ------ ------- ---------- ---------- --------- VESTA INS GROUP INC COM 925391104 11 3,000 X 0 0 3,000 VESTAUR SECS INC COM 925464109 14 1,000 X 1,000 0 0 VIACOM INC COM 925524100 8,551 230,599 X 113,239 16,550 100,810 VIACOM INC CLASS B NON COM 925524308 104,566 2,873,471 X 933,887 111,610 1,827,974 VIAD CORP COM NEW COM 92552R406 1,857 65,170 X 26,876 100 38,194 VIASAT INC COM 92552V100 24 1,000 X 1,000 0 0 VIASYS HEALTHCARE INC NEW COM 92553Q209 479 25,193 X 22,193 1,562 1,438 VICAL INC COM 925602104 163 34,672 X 34,672 0 0 VICOR CORP COM 925815102 41 3,100 X 3,100 0 0 VICURON PHAMACEUTI CALS INC COM 926471103 26 1,480 X 1,480 0 0 VIEWPOINT CORPORAT ION COM 92672P108 50 16,237 X 16,237 0 0 VIGNETTE CORP COM 926734104 12 8,390 X 8,390 0 0 VIISAGE TECHNOLOGY INC COM 92675K106 52 5,730 X 2,400 0 3,330 VINA CONCHA Y TORO S A SPONSORED ADR COM 927191106 3,043 42,379 X 7,687 0 34,692 VINEYARD NATL BANCO RP COM 927426106 7 200 X 200 0 0 VINTAGE PETE INC COM 927460105 4,523 199,345 X 76,585 43,900 78,860 VION PHARMACEUTICALS INC COM 927624106 5 1,000 X 0 0 1,000 VIRAGE LOGIC CORP COM 92763R104 102 5,500 X 0 0 5,500 VIRAGEN INC NEW COM 927638403 1 600 X 500 0 100 VIROLOGIC INC COM 92823R201 7 2,500 X 2,500 0 0 VISHAY INTERTECHNO LOGY INC COM 928298108 74,292 4,946,190 X 1,136,379 145,200 3,664,611 VISTACARE INC CL A COM 92839Y109 17 1,010 X 1,010 0 0 VISTEON CORP COM 92839U107 1,673 171,189 X 99,010 2,077 70,102 VISUAL NETWORKS INC COM 928444108 184 52,909 X 52,514 0 395 VISX INC DEL COM 92844S105 320 12,359 X 12,210 0 149 VITAL IMAGES INC COM 92846N104 84 5,000 X 5,000 0 0 VITAL SIGNS INC COM 928469105 4 100 X 100 0 0 VITESSE SEMICONDUC TOR CORP COM 928497106 17 4,757 X 4,757 0 0 VITRAN INC COM 92850E107 722 42,200 X 0 0 42,200 VIVENDI UNIVERSAL SPONSORED ADR NEW COM 92851S204 1,089 33,942 X 24,902 2,080 6,960 VODAFONE GROUP PLC NEW SPONSORED ADR COM 92857W100 91,872 3,355,433 X 2,366,919 190,192 798,322 VOLTERRA SEMICONDUC TOR CORP COM 928708106 7 300 X 300 0 0 VOLVO AKTIEBOLAGET ADR B COM 928856400 3 76 X 26 0 50 VORNADO RLTY TR COM 929042109 12,305 161,632 X 16,622 71,300 73,710 VULCAN MATERIALS CO COM 929160109 10,864 198,930 X 126,970 2,400 69,560 W HLDG CO INC COM 929251106 17 728 X 708 0 20 W.P.CAREY & CO LLC COM 92930Y107 292 8,296 X 8,296 0 0 WABASH NATL CORP COM 929566107 1,126 41,800 X 5,400 0 36,400 WABTEC CORP COM 929740108 84 3,925 X 2,225 0 1,700 WACHOVIA CORP 2ND NEW COM 929903102 94,628 1,799,017 X 1,325,934 43,936 429,147 WADDELL & REED FINL INC CL A COM 930059100 393 16,469 X 15,068 0 1,401 WAL MART STORES INC CALL OPTION COM 9311439X10999 10,000 532,900 CALL X 10,000 WAL MART STORES INC CALL OPTION COM 9311439Y90999 10,000 532,900 CALL X 10,000 WALGREEN CALL OPTION COM 93199A9130999 2,000 82,240 CALL X 2,000 WALGREEN CO COM 931422109 152,354 3,970,648 X 2,783,791 110,975 1,075,882
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MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ----------- -------------- ------------ -------- ---- ------ ------- ---------- ---------- -------- WAL-MART STORES INC COM 931142103 290,438 5,498,625 X 3,901,769 71,029 1,525,827 WALTER INDS INC COM 93317Q105 37 1,087 X 1,087 0 0 WARNACO GROUP INC NEW COM 934390402 18 821 X 761 0 60 WARWICK VALLEY TEL CO COM 936750108 122 5,401 X 1,886 0 3,515 WASHINGTON FED INC COM 938824109 307 11,555 X 10,755 0 800 WASHINGTON GROUP INTL INC NEW COM 938862208 12 300 X 200 0 100 WASHINGTON MUT INC COM 939322103 69,839 1,651,816 X 599,526 72,693 979,597 WASHINGTON MUT INC CALL OPTIONS COM 93999B9470999 500 20,490 CALL X 500 WASHINGTON POST CO CLASS B COM 939640108 30,804 31,336 X 14,830 0 16,506 WASHINGTON REAL ESTATE INVT TRUST SH B COM 939653101 702 20,714 X 8,257 0 12,457 WASHINGTON TR BANCORP INC COM 940610108 106 3,600 X 3,400 0 200 WASHTENAW GROUP INC COM 941022105 38 25,143 X 25,143 0 0 WASTE CONNECTIONS INC COM 941053100 66 1,925 X 775 0 1,150 WASTE MGMT INC DEL COM 94106L109 8,819 294,552 X 135,722 0 158,830 WATCHGUARD TECHNOLOGIES INC COM 941105108 151 34,100 X 0 2,400 31,700 WATER PIK TECHNOLOGIES INC COM 94113U100 57 3,200 X 900 0 2,300 WATERS CORP COM 941848103 13,644 291,610 X 153,500 67,450 70,660 WATSCO INC CL A COM 942622200 197 5,600 X 900 0 4,700 WATSON PHARMACEUTICALS INC COM 942683103 1,348 41,083 X 32,283 0 8,800 WATSON PHARMACEUTICALS INC SR CONV DEB BD 942683AC7 67 65,000 X 65,000 0 0 WATSON WYATT & CO HLDGS CL A COM 942712100 98 3,630 X 1,200 0 2,430 WATTS INDS INC CL A COM 942749102 1,285 39,862 X 2,662 0 37,200 WAUSAU-MOSINEE PAPER CORP COM 943315101 1,640 91,810 X 91,510 0 300 WAVE SYS CORP CL A COM 943526103 4 3,786 X 1,500 0 2,286 WAYPOINT FINL CORP COM 946756103 19 660 X 660 0 0 WCI CMNTYS INC COM 92923C104 35 1,180 X 1,180 0 0 WD 40 CO COM 929236107 3,338 117,480 X 40,130 52,600 24,750 WEATHERFORD INTL LTD BERMUDA PAYS COM G95089101 14,150 275,826 X 220,087 0 55,739 WEBEX INC COM 94767L109 7 279 X 200 0 79 WEBMD CORP COM 94769M105 372 45,545 X 17,460 0 28,085 WEBMETHODS INC COM 94768C108 168 23,317 X 11,577 0 11,740 WEBSENSE INC COM 947684106 38 740 X 640 0 100 WEBSTER FINANCIAL CORP DELAWARE COM 947890109 2,304 45,500 X 20,876 8,436 16,188 WEIGHT WATCHERS INTL INC COM 948626106 31,490 766,740 X 469,379 30,300 267,061 WEIGHT WATCHERS INTL INC NEW COM 94899B9790999 700 28,406 CALL X 700 WEINGARTEN RLTY INVS SH BEN INT COM 948741103 18,390 458,599 X 197,664 27,375 233,560 WEIS MARKETS INC COM 948849104 19 500 X 500 0 0 WELLCHOICE INC COM 949475107 125 2,334 X 2,334 0 0 WELLMAN INC COM 949702104 1,461 136,650 X 82,300 10,800 43,550 WELLPOINT INC COM 94973V107 140,992 1,226,010 X 694,717 56,990 474,303 WELLS FARGO & CO NEW COM 949746101 353,433 5,686,760 X 4,453,541 145,987 1,087,232 WENDYS INTL INC COM 950590109 6,403 163,102 X 154,742 325 8,035 WERNER ENTERPRISES INC COM 950755108 1,852 81,805 X 280 0 81,525 WESBANCO INC COM 950810101 19 580 X 580 0 0 WESCAST INDS INC CL A SUB VTG SHS PAYS COM 950813105 397 15,600 X 2,000 0 13,600
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MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ------------- -------------- ------------ -------- ---- ------ ------- --------- --------- ------- WESCO FINANCIAL CORP COM 950817106 373 950 X 950 0 0 WESCO INTL INC COM 95082P105 2 60 X 40 0 20 WEST BANCORPORATION INC CAP STK COM 95123P106 79 4,470 X 4,070 0 400 WEST COAST BANCORP ORE NEW COM 952145100 102 4,009 X 3,739 0 270 WEST CORP COM 952355105 20 619 X 400 0 219 WEST MARINE INC COM 954235107 215 8,700 X 8,700 0 0 WEST PHARMACEUTICAL SVCS INC COM 955306105 40 1,600 X 1,000 0 600 WESTAMERICA BANCORPORATION COM 957090103 492 8,440 X 5,370 0 3,070 WESTAR ENERGY INC COM 95709T100 393 17,200 X 13,657 0 3,543 WESTCOAST HOSPITALITY CORP COM 95750P106 10 1,600 X 0 0 1,600 WESTCORP INC COM 957907108 33 723 X 713 0 10 WESTELL TECHNOLOGIES INC CL A COM 957541105 2 300 X 300 0 0 WESTERN DIGITAL CORP COM 958102105 231 21,328 X 20,590 0 738 WESTERN GAS RES INC COM 958259103 103 3,535 X 3,435 0 100 WESTERN WIRELESS CORP CL A COM 95988E204 558 19,048 X 18,848 0 200 WESTFIELD FINL INC COM 96008D101 21 800 X 600 0 200 WESTLAKE CHEM CORP COM 960413102 3,340 100,000 X 0 0 100,000 WESTMORELAND COAL CO COM 960878106 64 2,100 X 2,100 0 0 WESTPAC BKG LTD SPONSORED ADR COM 961214301 349 4,590 X 4,590 0 0 WESTWOOD HLDGS GROUP INC COM 961765104 197 10,000 X 0 0 10,000 WESTWOOD ONE INC COM 961815107 886 32,905 X 27,788 0 5,117 WET SEAL INC CL A COM 961840105 2 1,100 X 0 0 1,100 WEYERHAEUSER CO PAR USD1.25 COM 962166104 55,412 824,336 X 493,137 193,800 137,399 WFS FINL INC COM 92923B106 57 1,120 X 227 0 893 WGL HLDGS INC COM 92924F106 2,546 82,564 X 42,314 22,400 17,850 WHEATON RIV MINERALS LTD COM 962902102 33 10,000 X 0 0 10,000 WHEELING PITTSBURGH CORP NEW COM 963142302 146,835 3,809,942 X 3,769,622 0 40,320 WHIRLPOOL CORP COM 963320106 7,255 104,827 X 43,998 5,100 55,729 WHIRLPOOL CORP CALL OPTION COM 96399C9690999 5,000 339,600 CALL X 5,000 WHIRLPOOL CORP CALL OPTION COM 96399C9770999 5,000 339,600 CALL X 5,000 WHIRLPOOL CORP CALL OPTION COM 96399C9930999 10,000 679,200 CALL X 10,000 WHITE MOUNTAINS INS GRP LTD COM G9618E107 14,540 22,507 X 14,157 0 8,350 WHITEHALL JEWELLERS INC COM 965063100 36 4,499 X 0 0 4,499 WHITING PETE CORP NEW COM 966387102 221 7,295 X 0 0 7,295 WHITNEY HOLDING CORP COM 966612103 5,086 113,037 X 37,785 0 75,252 WHOLE FOODS MKT INC COM 966837106 75,387 790,630 X 532,920 19,120 238,590 WHX CORP PFD CONV SER B $ PFD 929248300 1 300 X 300 0 0 WILBER CORP COM 967797101 315 26,046 X 0 0 26,046 WILD OATS MKTS INC COM 96808B107 27 3,120 X 3,120 0 0 WILEY JOHN & SONS INC COM CL A COM 968223206 114,435 3,284,591 X 2,038,497 139,130 1,106,964 WILEY JOHN & SONS INC COM CL B COM 968223305 437 12,801 X 12,801 0 0 WILLAMETTE VY VINEYARD INC COM 969136100 2 600 X 600 0 0 WILLBROS GROUP INC COM 969199108 6,917 300,100 X 500 0 299,600 WILLIAMS CLAYTON ENERGY INC COM 969490101 0 20 X 20 0 0 WILLIAMS COAL SEAM GAS RTY TR TR UNIT COM 969450105 80 5,000 X 5,000 0 0
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MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ------------ -------------- ------------ -------- ---- ------ ------- ---------- --------- -------- WILLIAMS COMPANIES COM 969457100 30,746 1,887,447 X 292,146 17,434 1,577,867 WILLIAMS SONOMA INC COM 969904101 1,140 32,546 X 20,176 6,000 6,370 WILLIS GROUP HOLDINGS LTD PAYS COM G96655108 1,147 27,870 X 23,470 1,000 3,400 WILLIS LEASE FIN CORP COM 970646105 28 3,600 X 0 0 3,600 WILLOW GROVE BANCORP INC NEW COM 97111W101 104 5,500 X 5,500 0 0 WILMINGTON TR CORP COM 971807102 2,870 79,388 X 35,584 2,150 41,654 WILSON GREATBATCH TECHNOLOGIES INC COM 972232102 84 3,725 X 3,725 0 0 WIND RIV SYS INC COM 973149107 238 17,590 X 1,910 0 15,680 WINN DIXIE STORES INC COM 974280109 254 55,798 X 54,212 0 1,586 WINNEBAGO INDUSTRIES INC COM 974637100 149 3,800 X 2,900 0 900 WINSTON HOTELS INC COM 97563A102 143 12,100 X 8,500 0 3,600 WINTRUST FINL CORP COM 97650W108 1,088 19,105 X 17,105 2,000 0 WIRELESS FACS INC COM 97653A103 15 1,589 X 1,500 0 89 WISCONSIN ENERGY CORP COM 976657106 1,802 53,459 X 40,291 800 12,368 WITNESS SYS INC COM 977424100 304 17,400 X 0 0 17,400 WJ COMMUNICATIONS INC COM 929284107 9 2,600 X 2,600 0 0 WMS INDS INC COM 929297109 7 200 X 200 0 0 WOLVERINE WORLD WIDE INC COM 978097103 7,007 222,998 X 99,998 39,700 83,300 WOODHEAD INDUSTRIES INC COM 979438108 24 1,500 X 0 0 1,500 WOODWARD GOVERNOR CO COM 980745103 43 600 X 600 0 0 WORLD ACCEP CORP COM 981419104 28 1,010 X 1,010 0 0 WORLD FUEL SVCS CORP COM 981475106 375 7,538 X 6,038 0 1,500 WORLD WRESTLING ENTMT INC CL A COM 98156Q108 215 17,710 X 17,410 0 300 WORTHINGTON INDUSTRIES INC COM 981811102 4,561 232,925 X 225,725 0 7,200 WPP GROUP PLC SPONSORED ADR NEW COM 929309300 2,042 37,345 X 25,914 2,254 9,177 WPS RES CORP COM 92931B106 324 6,480 X 4,900 0 1,580 WRIGHT MED GROUP INC COM 98235T107 23 800 X 800 0 0 WRIGLEY WM JR CO COM 982526105 98,244 1,419,913 X 852,411 68,400 499,102 WSFS FINL CORP COM 929328102 60 1,000 X 1,000 0 0 WVS FINL CORP COM 929358109 84 5,000 X 5,000 0 0 WYETH COM 983024100 248,323 5,830,552 X 3,314,256 381,929 2,134,367 WYETH CALL OPTIONS COM 98399L9Z10999 3,500 144,725 CALL X 3,500 WYETH OPTIONS CALL OPTIONS COM 98399L9400999 1,100 45,485 CALL X 1,100 WYNDHAM INTL INC CL A COM 983101106 31 26,014 X 12,014 0 14,000 WYNN RESORTS LTD COM 983134107 90 1,340 X 1,130 0 210 XATA CORP NEW COM 983882309 6 1,000 X 1,000 0 0 XCEL ENERGY INC COM 98389B100 9,499 521,941 X 368,329 8,403 145,209 XEROX CORP COM 984121103 6,579 386,752 X 115,561 500 270,691 XEROX CORP PFD CONV SER C 6.25% PFD 984121509 38 255 X 255 0 0 XETA CORP COM 983909102 0 100 X 0 0 100 XILINX INC COM 983919101 7,769 261,837 X 137,181 0 124,656 XL CAPITAL LTD CL A COM G98255105 38,867 500,542 X 28,891 0 471,651 XM SATELLITE RADIO HLDGS INC CL A COM 983759101 626,426 16,651,422 X 11,012,907 300 5,638,215 XOMA LTD COM G9825R107 13 5,000 X 0 0 5,000 X-RITE INC COM 983857103 6 400 X 400 0 0
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MARKET VALUE NAME OF ISSUER TITLE CUSIP (IN THOUSANDS) SHARES OWNED PUT/CALL SOLE SHARED MANAGER SOLE VOTE SHAR VOTE NO VOTE ----------------------- ----- ------------ ------------- ------------ -------- ---- ------ ------- --------- --------- --------- XTO ENERGY INC COM 98385X106 6,838 193,262 X 18,224 0 175,038 YAHOO INC COM 984332106 13,081 347,175 X 241,983 0 105,192 YANKEE CANDLE INC COM 984757104 2,107 63,506 X 1,406 0 62,100 YARDVILLE NATL BANCORP COM 985021104 3 100 X 100 0 0 YELLOW ROADWAY CORP COM 985577105 4,090 73,419 X 12,819 0 60,600 YORK INTL CORP COM 986670107 12,423 359,669 X 78,045 0 281,624 YORK WATER CO COM 987184108 230 11,865 X 7,973 0 3,892 YOUNG BROADCASTING INC CL A COM 987434107 6 600 X 600 0 0 YUM BRANDS INC COM 988498101 31,295 663,323 X 282,884 53,960 326,479 YUM BRANDS INC CALL OPTION COM 98899D9920999 2,000 92,180 CALL X 2,000 ZALE CORP NEW COM 988858106 78,205 2,618,190 X 141,090 0 2,477,100 ZEBRA TECHNOLOGIES CORP CL A COM 989207105 585 10,386 X 7,137 0 3,249 ZENITH NATL INS CORP COM 989390109 30 600 X 600 0 0 ZENIX INCOME FD INC COM 989414107 2 600 X 600 0 0 ZHONE TECHNOLOGIES INC NEW COM 98950P108 1 550 X 500 0 50 ZILA INC COM PAR $0.01 COM 989513205 6 1,300 X 1,200 0 100 ZIMMER HLDGS INC COM 98956P102 81,801 1,020,982 X 615,476 29,060 376,446 ZIONS BANCORP COM 989701107 1,826 26,839 X 9,645 0 17,194 ZIPREALTY INC COM 98974V107 370 20,700 X 0 0 20,700 ZIXIT CORP COM 98974P100 15 3,000 X 3,000 0 0 ZOLL MEDICAL CORP COM 989922109 16,981 493,620 X 142,920 0 350,700 ZOLTEK COS INC COM 98975W104 844 56,465 X 55,465 0 1,000 ZORAN CORP COM 98975F101 93 8,000 X 8,000 0 0 ZWEIG TOTAL RETURN FD INC COM 989837109 416 77,733 X 77,733 0 0 ZYGO CORP COM 989855101 5 400 X 400 0 0 ZYMOGENETICS INC COM 98985T109 29 1,260 X 1,200 0 60 TOTALS 60,448,552 1,819,057,970 ========== =============
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