UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULES 13d-1(b)(c)AND (d) AND AMENDMENTS
THERETO FILED PURSUANT TO RULE 13d-2(b)
(Amendment No. 1)
RECKSON ASSOCIATES REALTY
CORPORATION-Class B
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
75621K304
(CUSIP Number)
Basso Securities Ltd.
1281 East Main Street
Stamford, Connecticut 06902
(203) 324-8400
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
-with copies to-
Stephen M. Schultz
Kleinberg Kaplan Wolff & Cohen, P. C.
551 Fifth Avenue - 18th Floor
New York, NY 10176
March 31, 2001
(Date of Event Which Requires Filing of this Statement)
Check the following box to designate the rule pursuant
to which this Schedule is filed:
Rule 13d-1(b)
X Rule 13d-1(c)
Rule 13d-1(d)
The information required in the remainder of this cover
page shall be deemed to be "filed" for the purpose of
Section 18 of the Securities Exchange Act of 1934 ("Act")
or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the
Act .
CUSIP No. 75621K304
1. Name of Reporting Person I.R.S. Identification Nos.
of Above Persons (entities only)
Basso Securities Ltd.
2. Check the Appropriate Box If A Member Of A Group
(See Instructions)
(a)
(b)
3. SEC Use Only
4. Citizen Or Place Of Organization: Delaware
Number of Shares Beneficially Owned by Reporting Person
With
5. Sole Voting Power 0
6. Shared Voting Power 1,554,100 shares of Class B
common stock
7. Sole Dispositive Power 0
8. Shared Dispositive Power 1,554,100 shares of Class B
common stock
(Basso Securities Ltd. has entered into an Advisory
Services Agreement with DKR Management Company Inc.
(DKRMCI) a registered investment adviser, to act as the
portfolio manager to certain funds managed by DKRMCI.
As such, DKRMCI and Basso Securities have Shared
dispositive and voting power over the securities.)
9. Aggregate Amount Beneficially Owned by Each
Reporting Person
1,554,100 shares of Class B common stock
10. Check if the Aggregate Amount in Row (9) Excludes
Certain Shares
(See Instruction)
11. Percent of Class Represented by Amount in Row 9
2.58%
12. Type of Reporting Person (See Instructions) CO
CUSIP No. 75621K304
Item 1: Security and Issuer
1(a) Name of Issuer
Reckson Associates Realty Corporation
1(b) Address of Issuer's Principal Executive Offices
225 Broadhollow Road
Melville, New York 11747
United States
Item 2: Identity and Background
2(a) Name of person Filing:
Basso Securities Ltd.
2(b) Address of Principal Business Office or, if none,
Residence:
The address of the reporting person is:
1281 East Main Street
Stamford, CT 06902
2(c) Citizenship/ Corporation organized
Delaware, USA
2(d) Title of Class of Security
Common Stock
2(e) Cusip Number
75621K304
Item 3: If this statement is filed pursuant to
Rule 13d-1(b) or 13d-2(b) or 13d-2(c) promulgated under
the Securities Exchange Act of 1934, check whether the
filing is a:
a. Broker or Dealer registered under Section 15 of the
Act,
b. Bank as defined in Section 3(a)(6) of the Act,
c. Insurance Company as defined in Section 3(a)(19)
of the Act,
d. Investment Company registered under Section 8 of
the Investment Company Act,
e. Investment Adviser in accordance with Rule 13d-
1(b)(1)(ii)(E),
e. Employee Benefit Plan, or Endowment Fund in
accordance with Rule 13d-1(b)(ii)(F),
f. Parent Holding Company or Control Person, in
accordance with Rule 13d-1(b)(ii)(G); (Note: see
Item 7)
g. A saving association as defined in Section 3(b)
of the Federal Deposit Insurance Act (12 U.S.C. 1813)
h. A church plan that is excluded form the definition
of an investment company under section 3(c)(14) of the
Investment Company Act of 1940;
j. Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4: Ownership
4(a) Amount Beneficially Owned
An aggregate 1,554,100 shares of Class B common stock
were beneficially owned by Basso Securities Ltd., as an
advisor (portfolio manager) to certain funds managed by
DKR Management Company Inc. (DKRMCI). Basso Securities
Ltd. disclaims beneficial ownership of the holdings reported
herein.
4(b) Percent of Class 2.58%
(The percentage was calculated by dividing 1,554,100 shares
of Reckson Associates Realty Corp Class B Common Stock by
60,161,000(which represents the sum of all outstanding
Reckson Common Stock (49,877,000 shares) and Reckson
Class B Common Stock (10,284,000 shares) (both numbers based
on the latest information provided by Bloomberg)). Holders
of Reckson Class B common stock and Reckson common stock
vote together as a single class.)
4(c) Number of shares as to which the person has
(i) Sole Power to vote or to direct the vote
0
(ii) Shared power to vote or to direct the vote
1,554,100 shares of Class B common stock (Holders of
Reckson Associates Realty Corp Class B common stock and
Reckson Associates Realty Corp common stock vote together
as a single class.)
(iii) Sole power to dispose or to direct the disposition of
0
(iv) Shared power to dispose or to direct the disposition
of 1,554,100 shares of Class B common stock
(Basso Securities Ltd. has entered into an Advisory Services
Agreement with DKR Management Company Inc. (DKRMCI) a
registered investment adviser, to act as the portfolio
manager to certain funds managed by DKRMCI. As such,
DKRMCI and Basso Securities have Shared dispositive and
voting power over the securities.)
Instruction:
For computation regarding securities which represent a
right to acquire an underlying security see Rule 13d-3(d)(1).
Item 5: Ownership of Five Percent or less of a Class
If this statement is being filed to report the fact that
as of the date hereof the reporting person has ceased to be
the beneficial owner of more than five percent of the class
of securities, check the following X
Instruction: Dissolution of a group requires a response
to this item.
Item 6: Ownership of More than Five percent on
Behalf of Another Person.
Not Applicable
Item 7: Identification and Classification
of the Subsidiary Which Acquired the Security Being
Reported on By the Parent Holding Company.
If a parent holding company has filed this schedule,
pursuant to Rule 13d-1(b)(ii)(G), so indicate under
Item 3(g) and attach an exhibit stating the identity
and the Item 3 classification of the relevant subsidiary.
If a parent holding company has filed this schedule
pursuant to Rule 13d-1(c), attach an exhibit stating the
identity of each member of the group.
Not Applicable
Item 8: Identification and Classification of
Members of the Group.
If a group his filed this schedule pursuant to Rule
13d-1(b)(ii)(H), so indicate under item 3(h) and attach
an exhibit stating the identity and Item 3 classification
of each member of the group. If a group has filed this
schedule pursuant to Rule 13d-1(c), attach an exhibit stating
the identity of each member of the group.
Not Applicable
Item 9: Notice of Dissolution of Group
Notice of dissolution of a group may be furnished as an
exhibit stating the date of the dissolution and that all
further filings with respect to transactions in the
security reported on will be filed, if required, by
members of he group, in their individual capacity.
See item 5.
Not Applicable
Item 10: Certification
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to
above were not acquired and are not held for the purpose
of or with the effect of changing influencing the control
of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in
any transaction having that purpose or effect.
Signature
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in
this statement is true, complete and correct.
Date: February 14, 2002
____________________________
Signature
Howard I. Fischer
President