UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
REPORT FOR THE YEAR OR QUARTER ENDED: MARCH 31, 1999
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:
GENERAL RE - NEW ENGLAND ASSET MANAGEMENT, INC.
ADDRESS: POND VIEW CORPORATE CENTER
76 BATTERSON PARK ROAD
FARMINGTON, CT, 06032
13F FILE NUMBER: 28-5194
THE INSTITUTIONAL INVESTMENT MANAGER FILING THIS REPORT AND THE
PERSON BY WHOM IT IS SIGNED HEREBY REPRESENT THAT THE PERSON
SIGNING THE REPORT IS AUTHORIZED TO SUBMIT IT, THAT ALL
INFORMATION CONTAINED HEREIN IS TRUE, CORRECT AND COMPLETE, AND
THAT IT IS UNDERSTOOD THAT ALL REQUIRED ITEMS, STATEMENTS,
SCHEDULES, LISTS, AND TABLES, ARE CONSIDERED INTEGRAL PARTS OF
THIS FORM.
PERSON SIGNING THIS REPORT ON BEHALF OF REPORTING MANAGER:
NAME: GERARD T. LYNCH
TITLE: PRESIDENT
PHONE: (860) 676-8722
SIGNATURE, PLACE AND DATE OF SIGNING:
GERARD T. LYNCH FARMINGTON, CT MAY 4, 1999
REPORT TYPE (CHECK ONLY ONE.):
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
LIST OF OTHER MANAGERS REPORTING FOR THIS MANAGER:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934
<PAGE>
FORM 13F SUMMARY PAGE
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 1
FORM 13F INFORMATION TABLE ENTRY TOTAL: 361
FORM 13F INFORMATION TABLE VALUE TOTAL: 507400
LIST OF OTHER INCLUDED MANAGERS:
NO. 13F FILE NUMBER NAME
01 28-5194 GENERAL RE-NEW ENGLAND ASSET MANAGEMENT,INC.
02 28-4922 GENERAL RE CORPORATION
<PAGE>
<TABLE> <C> <C>
FORM 13F INFORMATION TABLE
GENERAL RE - NEW ENGLAND ASSET MANAGEMENT, INC.
SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP VALUE SHARES PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------- --------- -------- -------- --- ---- -------- ----------- -------- -------- --------
AGL RESOURCES INC COMMON STK 001204106 63 3600 SH SOLE 01 0 0 3600
AMLI RESIDENTIAL PROPERTIES COMMON STK 001735109 95 4600 SH SOLE 01 4600 0 0
AMR CORP/DE COMMON STK 001765106 922 15750 SH SOLE 01 15750 0 0
A T & T CORP COMMON STK 001957109 1828 22900 SH SOLE 01 22900 0 0
ABBOTT LABORATORIES COMMON STK 002824100 2074 44300 SH SOLE 01 44300 0 0
ABBOTT LABORATORIES COMMON STK 002824100 197 4200 SH SOLE 01 0 0 4200
ABBEY NATIONAL PREFER STK 002920205 19781 750000 SH DEFINED 01 02 750000 0 0
ADOBE SYSTEMS INC COMMON STK 00724F101 1419 25000 SH SOLE 01 25000 0 0
AIR PRODUCTS & CHEMICALS INC COMMON STK 009158106 34 1000 SH SOLE 01 1000 0 0
AIR PRODUCTS & CHEMICALS INC COMMON STK 009158106 130 3800 SH SOLE 01 0 0 3800
AIRTOUCH COMMUNICATIONS INC COMMON STK 00949T100 425 4400 SH SOLE 01 4400 0 0
AIRTOUCH COMMUNICATIONS INC COMMON STK 00949T100 87 900 SH SOLE 01 0 0 900
ALCOA INC COMMON STK 013817101 66 1600 SH SOLE 01 1600 0 0
ALIANT COMMUNICATIONS INC COMMON STK 016090102 1793 43800 SH SOLE 01 43800 0 0
ALLEGHENY TELEDYNE INC COMMON STK 017415100 701 37000 SH SOLE 01 37000 0 0
ALLIEDSIGNAL INC COMMON STK 019512102 64 1300 SH SOLE 01 1300 0 0
ALLSTATE CORP COMMON STK 020002101 1731 46700 SH SOLE 01 46700 0 0
ALLTEL CORPORATION COMMON STK 020039103 1809 29000 SH SOLE 01 29000 0 0
AMERADA HESS CORPORATION COMMON STK 023551104 41 800 SH SOLE 01 800 0 0
AMERICAN EXPRESS COMPANY COMMON STK 025816109 130 1100 SH SOLE 01 1100 0 0
AMERICAN HOME PRODUCTS CORPORA COMMON STK 026609107 581 8900 SH SOLE 01 8900 0 0
AMERICAN HOME PRODUCTS CORPORA COMMON STK 026609107 7353 112692 SH SOLE 01 0 0 112692
AMERICAN INTERNATIONAL GROUP I COMMON STK 026874107 241 2000 SH SOLE 01 2000 0 0
AMERICAN INTERNATIONAL GROUP I COMMON STK 026874107 3298 27337 SH SOLE 01 0 0 27337
AMERICAN STORES CO COMMON STK 030096101 198 6000 SH SOLE 01 6000 0 0
AMGEN INC COMMON STK 031162100 2396 32000 SH SOLE 01 32000 0 0
AMP INCORPORATED COMMON STK 031897101 59 1100 SH SOLE 01 1100 0 0
AMSOUTH BANCORPORATION COMMON STK 032165102 216 4750 SH SOLE 01 4750 0 0
ANDREW CORPORATION COMMON STK 034425108 528 42900 SH SOLE 01 42900 0 0
ARGONAUT GROUP INC COMMON STK 040157109 154 6000 SH SOLE 01 0 0 6000
ARMSTRONG WORLD INDUSTRIES INC COMMON STK 042476101 307 6800 SH SOLE 01 6800 0 0
ASCEND COMMUNICATIONS INC COMMON STK 043491109 2009 24000 SH SOLE 01 24000 0 0
ASIA PULP AND PAPER ADR COMMON STK 04516V100 754 90000 SH SOLE 01 90000 0 0
ASSOCIATES FIRST CAPITAL CORPO COMMON STK 046008108 12 262 SH SOLE 01 262 0 0
ATLANTIC RICHFIELD COMPANY COMMON STK 048825103 1090 18500 SH SOLE 01 18500 0 0
ATLANTIC RICHFIELD COMPANY COMMON STK 048825103 2537 35200 SH SOLE 01 0 0 35200
AUTOMATIC DATA PROCESSING INC COMMON STK 053015103 799 19300 SH SOLE 01 19300 0 0
AUTOMATIC DATA PROCESSING INC COMMON STK 053015103 1821 44000 SH SOLE 01 0 0 44000
AVERY DENNISON CORPORATION COMMON STK 053611109 1415 24600 SH SOLE 01 24600 0 0
AVERY DENNISON CORPORATION COMMON STK 053611109 1725 30000 SH SOLE 01 0 0 30000
AVISTA CORP $1.24 (WA WATER) PREFER STK 05379B503 600 35000 SH SOLE 01 35000 0 0
AVON PRODUCTS INC COMMON STK 054303102 2127 45200 SH SOLE 01 45200 0 0
BP AMOCO PLC ADR COMMON STK 055622104 134 1323 SH SOLE 01 1323 0 0
BMC SOFTWARE INC COMMON STK 055921100 1445 39000 SH SOLE 01 39000 0 0
BANDAG INCORPORATED COMMON STK 059815100 57 2000 SH SOLE 01 2000 0 0
BANDAG INCORPORATED COMMON STK 059815100 327 11500 SH SOLE 01 0 0 11500
BANDAG INCORPORATED-CL A COMMON STK 059815308 273 11500 SH SOLE 01 0 0 11500
BANK OF NEW YORK CO INC COMMON STK 064057102 180 5000 SH SOLE 01 5000 0 0
BANK OF NEW YORK CO INC COMMON STK 064057102 352 9800 SH SOLE 01 0 0 9800
BANK ONE CORPORATION COMMON STK 06423A103 39 700 SH SOLE 01 700 0 0
BANK ONE CORPORATION COMMON STK 06423A103 75 1371 SH SOLE 01 0 0 1371
BANKAMERICA CORPORATION COMMON STK 06605F102 1050 14862 SH SOLE 01 14862 0 0
BANKAMERICA CORPORATION COMMON STK 06605F102 1423 20150 SH SOLE 01 0 0 20150
BANKBOSTON CORPORATION COMMON STK 06605R106 147 3400 SH SOLE 01 3400 0 0
BANKBOSTON CORPORATION COMMON STK 06605R106 295 6800 SH SOLE 01 0 0 6800
BARCLAYS BANK PLC PREFER STK 06738C802 1078 39200 SH DEFINED 01 02 39200 0 0
BARRICK GOLD CORPORATION COMMON STK 067901108 162 9500 SH SOLE 01 9500 0 0
BAXTER INTERNATIONAL INC COMMON STK 071813109 162 2450 SH SOLE 01 2450 0 0
BECKMAN COULTER INC COMMON STK 075811109 133 3000 SH SOLE 01 3000 0 0
BECTON DICKINSON & CO COMMON STK 075887109 284 7400 SH SOLE 01 7400 0 0
BEDFORD PROPERTY INVESTORS COMMON STK 076446301 1185 81000 SH SOLE 01 81000 0 0
BELL ATLANTIC CORPORATION COMMON STK 077853109 687 13300 SH SOLE 01 13300 0 0
BELO (A.H.) CORP - SER A COMMON STK 080555105 1506 82500 SH SOLE 01 82500 0 0
BELO (A.H.) CORP - SER A COMMON STK 080555105 5139 281580 SH SOLE 01 0 0 281580
BESTFOODS COMMON STK 08658U101 174 3700 SH SOLE 01 3700 0 0
BESTFOODS COMMON STK 08658U101 132 2800 SH SOLE 01 0 0 2800
BOEING COMPANY (THE) COMMON STK 097023105 105 3100 SH SOLE 01 3100 0 0
BOEING COMPANY (THE) COMMON STK 097023105 2 66 SH SOLE 01 0 0 66
BOSTON SCIENTIFIC CORP COMMON STK 101137107 366 9000 SH SOLE 01 9000 0 0
BRISTOL-MYERS SQUIBB COMPANY COMMON STK 110122108 2360 36800 SH SOLE 01 36800 0 0
BRISTOL-MYERS SQUIBB COMPANY COMMON STK 110122108 7246 113000 SH SOLE 01 0 0 113000
BUCKEYE PARTNERS L.P. COMMON STK 118230101 1744 64000 SH SOLE 01 64000 0 0
BURLINGTON NORTHERN SANTA FE C COMMON STK 12189T104 118 3600 SH SOLE 01 3600 0 0
BURLINGTON RESOURCES INC COMMON STK 122014103 783 19600 SH SOLE 01 19600 0 0
BURLINGTON RESOURCES INC COMMON STK 122014103 451 11700 SH SOLE 01 0 0 11700
CBS CORPORATION COMMON STK 12490K107 196 4800 SH SOLE 01 4800 0 0
CSX CORPORATION COMMON STK 126408103 39 1000 SH SOLE 01 1000 0 0
CADENCE DESIGN SYSTEMS INC COMMON STK 127387108 180 7000 SH SOLE 01 7000 0 0
CALIFORNIA FED BANK-SCLP COMMON STK 130209703 288 25000 SH SOLE 01 25000 0 0
CARAUSTAR INDUSTRIES INC COMMON STK 140909102 389 16900 SH SOLE 01 16900 0 0
CARAUSTAR INDUSTRIES INC COMMON STK 140909102 1302 56600 SH SOLE 01 0 0 56600
CARDINAL HEALTH INC COMMON STK 14149Y108 924 14000 SH SOLE 01 14000 0 0
CARNIVAL CORPORATION COMMON STK 143658102 2287 47100 SH SOLE 01 47100 0 0
CAROLINA FIRST CORP COMMON STK 143877108 22 1002 SH SOLE 01 1002 0 0
CENDANT CORP COMMON STK 151313103 64 4000 SH SOLE 01 4000 0 0
CHASE MANHATTAN CORPORATION (T COMMON STK 16161A108 130 1600 SH SOLE 01 1600 0 0
CHEVRON CORPORATION COMMON STK 166751107 89 1000 SH SOLE 01 0 0 1000
CINCINNATI FINANCIAL CORP COMMON STK 172062101 120 3300 SH SOLE 01 3300 0 0
CISCO SYSTEMS INC COMMON STK 17275R102 2367 21600 SH SOLE 01 21600 0 0
CITIGROUP INC COMMON STK 172967101 463 7250 SH SOLE 01 7250 0 0
CLOROX COMPANY COMMON STK 189054109 59 500 SH SOLE 01 500 0 0
COCA-COLA COMPANY COMMON STK 191216100 2670 43500 SH SOLE 01 43500 0 0
COCA-COLA COMPANY COMMON STK 191216100 3498 57000 SH SOLE 01 0 0 57000
COLGATE-PALMOLIVE COMPANY COMMON STK 194162103 202 2200 SH SOLE 01 2200 0 0
COLUMBIA/HCA HEALTHCARE CORPOR COMMON STK 197677107 27 1400 SH SOLE 01 1400 0 0
COMPAQ COMPUTER CORPORATION COMMON STK 204493100 1492 47100 SH SOLE 01 47100 0 0
COMPUTER ASSOCIATES INTERNATIO COMMON STK 204912109 1595 44850 SH SOLE 01 44850 0 0
COMPUTER ASSOCIATES INTERNATIO COMMON STK 204912109 203 5699 SH SOLE 01 0 0 5699
COMPUTER SCIENCES CORPORATION COMMON STK 205363104 66 1200 SH SOLE 01 0 0 1200
COMPUWARE CORP COMMON STK 205638109 721 30200 SH SOLE 01 30200 0 0
CONECTIV INC-CL A COMMON STK 206829202 2056 57200 SH SOLE 01 57200 0 0
CONSECO INC COMMON STK 208464107 28 900 SH SOLE 01 900 0 0
COOPER TIRE & RUBBER COMPANY COMMON STK 216831107 202 11000 SH SOLE 01 11000 0 0
CORNING INC COMMON STK 219350105 90 1500 SH SOLE 01 1500 0 0
COX COMMUNICATIONS INC CLASS A COMMON STK 224044107 303 4000 SH SOLE 01 4000 0 0
CROWN CORK & SEAL 4.50% PREFER STK 228255303 136 5000 SH SOLE 01 5000 0 0
DST SYSTEMS INC COMMON STK 233326107 54 900 SH SOLE 01 900 0 0
DTE ENERGY COMPANY COMMON STK 233331107 58 1500 SH SOLE 01 1500 0 0
DANAHER CORP COMMON STK 235851102 1891 36200 SH SOLE 01 36200 0 0
DAYTON HUDSON CORPORATION COMMON STK 239753106 373 5600 SH SOLE 01 5600 0 0
DEERE & COMPANY COMMON STK 244199105 498 12900 SH SOLE 01 0 0 12900
DELL COMPUTER CORPORATION COMMON STK 247025109 1913 46800 SH SOLE 01 46800 0 0
DELTA AIR LINES INC COMMON STK 247361108 1227 17650 SH SOLE 01 17650 0 0
DELUXE CORPORATION COMMON STK 248019101 638 21900 SH SOLE 01 21900 0 0
DEVON ENERGY CORPORATION COMMON STK 251799102 1957 71000 SH SOLE 01 71000 0 0
DISNEY (THE WALT) COMPANY COMMON STK 254687106 691 22210 SH SOLE 01 22210 0 0
DISNEY (THE WALT) COMPANY COMMON STK 254687106 1303 41877 SH SOLE 01 0 0 41877
DOLLAR GENERAL COMMON STK 256669102 2332 68600 SH SOLE 01 68600 0 0
DOVER CORPORATION COMMON STK 260003108 132 4000 SH SOLE 01 4000 0 0
DU PONT (E.I.) DE NEMOURS & CO COMMON STK 263534109 46 800 SH SOLE 01 800 0 0
DUKE ENERGY CORPORATION COMMON STK 264399106 110 2000 SH SOLE 01 2000 0 0
DUKE ENERGY CORPORATION COMMON STK 264399106 230 4200 SH SOLE 01 0 0 4200
DUN & BRADSTREET CORP COMMON STK 26483B106 2034 57100 SH SOLE 01 57100 0 0
EMC CORP/MA COMMON STK 268648102 2248 17600 SH SOLE 01 17600 0 0
EAGLE GEOPHYSICAL INC COMMON STK 269524104 934 245000 SH SOLE 01 245000 0 0
EASTMAN KODAK COMPANY COMMON STK 277461109 1808 28300 SH SOLE 01 28300 0 0
JD EDWARDS & COMPANY COMMON STK 281667105 597 50000 SH SOLE 01 50000 0 0
800 - JR CIGAR INC COMMON STK 282491109 357 46000 SH SOLE 01 46000 0 0
ELECTRONIC DATA SYSTEMS CORP COMMON STK 285661104 97 2000 SH SOLE 01 2000 0 0
EMERSON ELECTRIC CO COMMON STK 291011104 175 3300 SH SOLE 01 3300 0 0
ENTERPRISE OIL PLC PREFER STK 293779203 991 40770 SH DEFINED 01 02 40770 0 0
EQUIFAX INC COMMON STK 294429105 1667 48500 SH SOLE 01 48500 0 0
EQUITY OFFICE PROPERTIES TRUST COMMON STK 294741103 299 11800 SH SOLE 01 11800 0 0
EXXON CORPORATION COMMON STK 302290101 261 3700 SH SOLE 01 3700 0 0
EXXON CORPORATION COMMON STK 302290101 1729 24500 SH SOLE 01 0 0 24500
FREDDIE MAC COMMON STK 313400301 1599 27900 SH SOLE 01 27900 0 0
FREDDIE MAC COMMON STK 313400301 1731 30200 SH SOLE 01 0 0 30200
FANNIE MAE COMMON STK 313586109 2078 30000 SH SOLE 01 30000 0 0
FANNIE MAE COMMON STK 313586109 2084 30100 SH SOLE 01 0 0 30100
FERRO CORPORATION COMMON STK 315405100 448 27200 SH SOLE 01 27200 0 0
FERRO CORPORATION COMMON STK 315405100 26 1500 SH SOLE 01 0 0 1500
FINLAY ENTERPRISES INC COMMON STK 317884203 119 11000 SH SOLE 01 11000 0 0
FIRST AUSTRALIA PRIME INCOME F COMMON STK 318653102 2280 372300 SH SOLE 01 372300 0 0
FIRST AUSTRALIA PRIME INCOME F COMMON STK 318653102 3318 541700 SH SOLE 01 0 0 541700
FIRST HEALTH GROUP CORP COMMON STK 320960107 504 31400 SH SOLE 01 31400 0 0
FIRST UNION CORPORATION COMMON STK 337358105 160 3000 SH SOLE 01 3000 0 0
FIRST UNION CORPORATION COMMON STK 337358105 139 2592 SH SOLE 01 0 0 2592
FIRSTAR CORPORATION COMMON STK 33763V109 1808 20200 SH SOLE 01 20200 0 0
FLEET FINANCIAL GROUP INC COMMON STK 338915101 1806 48000 SH SOLE 01 0 0 48000
FORD MOTOR COMPANY COMMON STK 345370100 119 2100 SH SOLE 01 2100 0 0
FORTUNE BRANDS INC COMMON STK 349631101 223 5800 SH SOLE 01 5800 0 0
FREEPORT MCMORAN COPPER & GOLD PREFER STK 35671D501 611 38500 SH SOLE 01 38500 0 0
FREEPORT MCMORAN COPPER & GOLD COMMON STK 35671D857 1196 110000 SH SOLE 01 110000 0 0
FREMONT GENERAL CORP COMMON STK 357288109 2 94 SH SOLE 01 94 0 0
FRONTIER CORPORATION COMMON STK 35906P105 306 5900 SH SOLE 01 5900 0 0
GANNETT CO INC COMMON STK 364730101 1544 24500 SH SOLE 01 24500 0 0
GANNETT CO INC COMMON STK 364730101 1096 17400 SH SOLE 01 0 0 17400
GAP INC COMMON STK 364760108 2056 30550 SH SOLE 01 30550 0 0
GATEWAY 2000 INC COMMON STK 367833100 1741 25400 SH SOLE 01 25400 0 0
GENERAL ELECTRIC COMPANY COMMON STK 369604103 719 6500 SH SOLE 01 6500 0 0
GENERAL ELECTRIC COMPANY COMMON STK 369604103 5454 49300 SH SOLE 01 0 0 49300
GENERAL MILLS INC COMMON STK 370334104 45 600 SH SOLE 01 600 0 0
GENERAL MOTORS CORPORATION COMMON STK 370442105 261 3000 SH SOLE 01 3000 0 0
GENERAL MOTORS CORPORATION CLA COMMON STK 370442832 202 4000 SH SOLE 01 4000 0 0
GILLETTE COMPANY COMMON STK 375766102 83 1400 SH SOLE 01 1400 0 0
GILLETTE COMPANY COMMON STK 375766102 480 8080 SH SOLE 01 0 0 8080
GUIDANT CORP COMMON STK 401698105 2390 39500 SH SOLE 01 39500 0 0
GUILDFORD MILLS INC COMMON STK 401794102 547 62500 SH SOLE 01 62500 0 0
HMT TECHNOLOGY COMMON STK 403917107 35 10000 SH SOLE 01 10000 0 0
HCR MANOR CARE INC COMMON STK 404134108 1636 71700 SH SOLE 01 71700 0 0
HARTFORD STEAMBOILER COMMON STK 40428N109 22186 597609 SH DEFINED 01 02 0 597609 0
HALLIBURTON COMPANY COMMON STK 406216101 474 12300 SH SOLE 01 12300 0 0
HEINZ (H.J.) COMPANY COMMON STK 423074103 261 5500 SH SOLE 01 5500 0 0
HEINZ (H.J.) COMPANY COMMON STK 423074103 251 5300 SH SOLE 01 0 0 5300
HEWLETT-PACKARD COMPANY COMMON STK 428236103 339 5000 SH SOLE 01 5000 0 0
HEWLETT-PACKARD COMPANY COMMON STK 428236103 705 10400 SH SOLE 01 0 0 10400
HOME DEPOT INC (THE) COMMON STK 437076102 249 4000 SH SOLE 01 4000 0 0
HOUSEHOLD INTERNATIONAL INC COMMON STK 441815107 183 4000 SH SOLE 01 4000 0 0
ILLINOIS TOOL WORKS INC COMMON STK 452308109 371 6000 SH SOLE 01 0 0 6000
INCO LTD COMMON STK 453258402 378 28400 SH SOLE 01 28400 0 0
INCO LTD COMMON STK 453258402 300 22500 SH SOLE 01 0 0 22500
INGERSOLL-RAND COMPANY COMMON STK 456866102 45 900 SH SOLE 01 900 0 0
INSURANCE MGMT SOLUTIONS GROUP COMMON STK 458045101 1638 182000 SH DEFINED 01 02 0 182000 0
INTEL CORPORATION COMMON STK 458140100 1902 16000 SH SOLE 01 16000 0 0
INTERMEDIA COMMUNICATIONS INC COMMON STK 458801107 15 570 SH SOLE 01 570 0 0
INTERMET CORPORATION COMMON STK 45881K104 1941 145100 SH SOLE 01 145100 0 0
INTL BUSINESS MACHINES CORPORA COMMON STK 459200101 532 3000 SH SOLE 01 3000 0 0
INTL FLAVORS & FRAGRANCES INC COMMON STK 459506101 1018 27100 SH SOLE 01 0 0 27100
INTERNATIONAL PAPER COMPANY COMMON STK 460146103 46 1100 SH SOLE 01 1100 0 0
INTIMATE BRANDS INC COMMON STK 461156101 1790 37200 SH SOLE 01 37200 0 0
INTIMATE BRANDS INC COMMON STK 461156101 1911 39700 SH SOLE 01 0 0 39700
JOHNS MANVILLE CORPORATION COMMON STK 478129109 997 57800 SH SOLE 01 57800 0 0
JOHNSON & JOHNSON COMMON STK 478160104 795 8500 SH SOLE 01 8500 0 0
JOHNSON & JOHNSON COMMON STK 478160104 2955 31600 SH SOLE 01 0 0 31600
JOSTENS INC COMMON STK 481088102 1602 75400 SH SOLE 01 75400 0 0
JOURNAL REGISTER COMPANY COMMON STK 481138105 900 75000 SH SOLE 01 75000 0 0
KCS ENERGY INC COMMON STK 482434206 144 110000 SH SOLE 01 110000 0 0
KELLOGG COMPANY COMMON STK 487836108 34 1000 SH SOLE 01 1000 0 0
KIMBERLY CLARK CORPORATION COMMON STK 494368103 135 2808 SH SOLE 01 0 0 2808
KMART FINANCING TRUST 7.75% PREFER STK 498778208 908 15000 SH SOLE 01 15000 0 0
ESTEE LAUDER COMPANIES INC CLA COMMON STK 518439104 236 2500 SH SOLE 01 2500 0 0
LEAR CORPORATION COMMON STK 521865105 1306 30600 SH SOLE 01 30600 0 0
LEVIATHAN GAS PIPELINE PARTNER COMMON STK 527367205 735 32400 SH SOLE 01 32400 0 0
LILLY (ELI) & COMPANY COMMON STK 532457108 2071 24400 SH SOLE 01 24400 0 0
LIZ CLAIBORNE INC COMMON STK 539320101 199 6100 SH SOLE 01 6100 0 0
LOCKHEED MARTIN CORPORATION COMMON STK 539830109 204 5400 SH SOLE 01 5400 0 0
LUCENT TECHNOLOGIES INC COMMON STK 549463107 2138 19800 SH SOLE 01 19800 0 0
MCI WORLDCOM INC COMMON STK 55268B106 2267 25601 SH SOLE 01 25601 0 0
MAYTAG CORP COMMON STK 578592107 1660 27500 SH SOLE 01 27500 0 0
MCDONALDS CORPORATION COMMON STK 580135101 54 1200 SH SOLE 01 1200 0 0
MEDIAONE GROUP INC. COMMON STK 58440J104 1903 30000 SH SOLE 01 0 0 30000
MEDIAONE GROUP INC 4.500% SER PREFER STK 58440J203 5596 43525 SH SOLE 01 0 0 43525
MEDITRUST COMPANIES-PAIRED-SHA COMMON STK 58501T306 311 25000 SH SOLE 01 25000 0 0
MEDTRONIC INC COMMON STK 585055106 1553 21600 SH SOLE 01 21600 0 0
MELLON BANK CORPORATION COMMON STK 585509102 56 800 SH SOLE 01 800 0 0
MERCK & CO INC COMMON STK 589331107 2139 26700 SH SOLE 01 26700 0 0
MERCK & CO INC COMMON STK 589331107 7211 90000 SH SOLE 01 0 0 90000
MERCURY GENERAL CORP COMMON STK 589400100 209 6000 SH SOLE 01 6000 0 0
MERCURY GENERAL CORP COMMON STK 589400100 73 2100 SH SOLE 01 0 0 2100
MICROSOFT CORPORATION COMMON STK 594918104 2599 29000 SH SOLE 01 29000 0 0
MICROSOFT CORPORATION COMMON STK 594918104 1255 14000 SH SOLE 01 0 0 14000
MIDLAND BANK PLC PREFER STK 597433309 2180 84660 SH DEFINED 01 02 84660 0 0
MIDLAND BANK PLC PREFER STK 597433606 2893 107413 SH DEFINED 01 02 107413 0 0
MIDLAND BANK PLC PREFER STK 597433861 16856 639092 SH DEFINED 01 02 639092 0 0
MINNESOTA MINING & MFG COMPANY COMMON STK 604059105 200 2825 SH SOLE 01 2825 0 0
MINNESOTA MINING & MFG COMPANY COMMON STK 604059105 85 1200 SH SOLE 01 0 0 1200
MOBIL CORPORATION COMMON STK 607059102 361 4100 SH SOLE 01 4100 0 0
MOBIL CORPORATION COMMON STK 607059102 194 2200 SH SOLE 01 0 0 2200
MOMENTUM BUSINESS APPLICATIONS COMMON STK 60877P108 3 366 SH SOLE 01 366 0 0
MORGAN (J.P.) & COMPANY INC COMMON STK 616880100 148 1200 SH SOLE 01 1200 0 0
MORGAN (J.P.) & COMPANY INC COMMON STK 616880100 1481 12000 SH SOLE 01 0 0 12000
MORGAN STANLEY DEAN WITTER & C COMMON STK 617446448 100 1000 SH SOLE 01 1000 0 0
MOTOROLA INC COMMON STK 620076109 505 6900 SH SOLE 01 0 0 6900
NALCO CHEMICAL COMPANY COMMON STK 629853102 638 24000 SH SOLE 01 24000 0 0
NALCO CHEMICAL COMPANY COMMON STK 629853102 513 19300 SH SOLE 01 0 0 19300
NATIONAL WESTMINSTER PLC PREFER STK 638539882 10107 387800 SH DEFINED 01 02 387800 0 0
NEW YORK TIMES CO CL A COMMON STK 650111107 177 6200 SH SOLE 01 6200 0 0
NIKE INC CLASS B COMMON STK 654106103 167 2900 SH SOLE 01 0 0 2900
NOBLE AFFILIATES INC COMMON STK 654894104 116 4000 SH SOLE 01 4000 0 0
NOBLE DRILLING CORPORATION COMMON STK 655042109 1738 100000 SH SOLE 01 100000 0 0
NORFOLK SOUTHERN CORPORATION COMMON STK 655844108 47 1800 SH SOLE 01 0 0 1800
NORTH FORK BANCORP COMMON STK 659424105 539 25500 SH SOLE 01 25500 0 0
NORTH FORK BANCORP COMMON STK 659424105 471 22300 SH SOLE 01 0 0 22300
NORTHERN STATES POWER COMPANY COMMON STK 665772109 32 1400 SH SOLE 01 0 0 1400
NORTHERN TELECOM LTD COMMON STK 665815106 1174 18900 SH SOLE 01 18900 0 0
NUEVO FINANCING TR 5.75% SER A PREFER STK 670511203 639 20000 SH SOLE 01 20000 0 0
NVEST LP COMMON STK 67065F107 162 6700 SH SOLE 01 0 0 6700
OCCIDENTAL PETROLEUM CORPORATI COMMON STK 674599105 38 2100 SH SOLE 01 2100 0 0
OFFICE DEPOT INC COMMON STK 676220106 1879 50200 SH SOLE 01 50200 0 0
OMNICOM GROUP INC COMMON STK 681919106 1966 24600 SH SOLE 01 24600 0 0
OMNICOM GROUP INC COMMON STK 681919106 1759 22000 SH SOLE 01 0 0 22000
OMEGA HEALTHCARE INVESTORS, IN COMMON STK 681936100 229 10000 SH SOLE 01 10000 0 0
OMEGA WORLDWIDE INC COMMON STK 68210B108 860 229463 SH SOLE 01 229463 0 0
ORACLE CORPORATION COMMON STK 68389X105 852 32300 SH SOLE 01 32300 0 0
OWENS CORNING COMMON STK 69073F103 1113 35000 SH SOLE 01 35000 0 0
P G & E CORPORATION COMMON STK 69331C108 118 3800 SH SOLE 01 3800 0 0
PNC BANK CORP COMMON STK 693475105 39 700 SH SOLE 01 700 0 0
PARAMETRIC TECHNOLOGY CORP COMMON STK 699173100 1142 57800 SH SOLE 01 57800 0 0
PAYCHEX INC COMMON STK 704326107 1874 39500 SH SOLE 01 39500 0 0
PAYCHEX INC COMMON STK 704326107 6332 133480 SH SOLE 01 0 0 133480
PENNEY (J.C.) COMPANY INC COMMON STK 708160106 12 300 SH SOLE 01 300 0 0
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