ON THE HORIZON

ADVANCED SEMICONDUCTOR ENGINEERING INC.: (Symbol: ASX): $135 million of five-year convertible notes, with a $15 million greenshoe; via lead manager Goldman Sachs International; the Taiwanese semiconductor testing firm also plans to sell 60 million American Depositary Shares, which will each represent five ordinary shares with a par value of NT$10 each; timing will be as soon as the registration statement at the Securities and Exchange Commission becomes effective.

RECENT SHELF FILINGS WITH THE SEC:

CAPSTEAD MORTGAGE CORP. (Symbol: CMO): $24.97 million shelf filed June 22 for common stock and $1.3 million of $1.26 cumulative convertible preferred stock; Dallas real estate investment trust will use proceeds for general corporate purposes.

GENERAL MILLS, INC. (Symbol: GIS): $5.943 billion shelf filed June 23 for debt securities, common stock, preference stock, depositary shares, securities warrants, purchase contracts, purchase units and units; securities may be issued as convertibles; includes $3.443 billion previously registered but unsold; also 49.91 million shares of common stock owned by Diageo plc; Minneapolis manufacturer of packaged consumer goods will use proceeds for general corporate purposes.

RUSSELL CORP. (Symbol: RML): $250 million shelf filed June 25 for debt securities, common stock, preferred stock and warrants; securities may be issued as convertibles; Atlanta athletic and sporting goods company will use proceeds for general corporate purposes.

SOVEREIGN BANCORP, INC. (Symbol: SOV): $1 billion shelf filed June 24 for debt securities, preferred stock, depositary shares, common stock, warrants, stock purchase contracts, stock purchase units and trust preferreds; securities may be issued as convertibles; Philadelphia bank will use proceeds for general corporate purposes.

TRIZEC PROPERTIES, INC. (Symbol: TRZ): $750 million shelf filed June 25 for preferred stock, depositary shares, common stock and warrants; preferreds may be sold as convertibles; includes some securities previously registered but unsold; Chicago office real estate investment trust will use proceeds for general corporate purposes.

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