UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended:06/30/99
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: Fraser Management Associates
Address: 309 South Willard Street
Burlington VT 05401
Form 13F File Number: 28-5216
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: James L. Fraser
Title: President
Phone: 802-658-0322
Signature, Place, and Date of Signing:
James L. Fraser Burlington, VT 08/10/99
[Signature] [City, State] [Date]
Report Type (Check only one.):
[x] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and
all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here 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).)
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total:90
Form 13F Information Table Value Total: $132,650
(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.
[If there are no entries in this list, state "NONE" and omit the column
headings and list entries.]
NONE
<PAGE>
<TABLE> <C> <C>
NAME OF ISSUER TITLE OF VALUE SHARES/ SH PUT/ INVSTMT OTHER VOTING AUTHORITY
CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MNGRS SOLE SH NONE
GENERAL ELECTRIC COM 369604103 11545 102172SH SOLE 102172
UNISYS COM 909214108 7255 186312SH SOLE 186312
EXXON COM 302290101 6793 88075SH SOLE 88075
WICOR COM 929253102 5859 209711SH SOLE 209711
AT&T COM 001957109 3942 70625SH SOLE 70625
AQUARION COM 03838W101 3857 111000SH SOLE 111000
AMERON INTERNATIONAL COM 030710107 3839 86997SH SOLE 86997
PNC BANK COM 693475105 3590 62303SH SOLE 62303
MOBIL COM 607059102 3516 35514SH SOLE 35514
REPSOL ADR ADR 76026T205 3252 160100SH SOLE 160100
UTILICORP COM 918005109 3242 133350SH SOLE 133350
NCR COM 6288GE108 2946 60350SH SOLE 60350
GTE COM 362320103 2304 30515SH SOLE 30515
BLUEGREEN COM 703365106 2254 414586SH SOLE 414586
BLUEGREEN C.V. 8.250% 05-15-12 BOND 703365AB2 2176 2303000SH SOLE 0
KMART CV PFD T PFD 498778208 2162 36953SH SOLE 36953
FRONTIER COM 35906P105 2139 36254SH SOLE 36254
ENERGY RESEARCH COM 29271E100 2030 142450SH SOLE 142450
US WEST COM 912889102 2022 34416SH SOLE 34416
GENERAL MILLS COM 370334104 1929 24000SH SOLE 24000
DUPONT, E.I. COM 263534109 1857 27212SH SOLE 27212
PEPSICO COM 713448108 1795 46400SH SOLE 46400
UNITED WATER RES. COM 913190104 1701 74957SH SOLE 74957
CHEMED COM 163596109 1679 50500SH SOLE 50500
AMERITECH COM 030954101 1626 22125SH SOLE 22125
INTERMAGNETICS GENERAL COM 458771102 1543 199042SH SOLE 199042
NORTHWEST PIPE COM 667746101 1503 90425SH SOLE 90425
SOUTHERN CO COM 842587107 1486 56066SH SOLE 56066
EASTMAN KODAK COM 277461109 1455 21474SH SOLE 21474
AUSTRALIA & NZ BANKING GROUP ADR 052528304 1362 36700SH SOLE 36700
HEALTH CARE REIT COM 42217K106 1357 58350SH SOLE 58350
BP AMOCO ADR ADR 055622104 1342 12371SH SOLE 12371
FLOW INTERNATIONAL COM 343468104 1310 121200SH SOLE 121200
NABORS IND COM 629568106 1289 52900SH SOLE 52900
EVERCEL COM 299759100 1264 114244SH SOLE 114244
EQUITABLE RESOURCES COM 294549100 1252 33169SH SOLE 33169
IBM COM 459200101 1208 9326SH SOLE 9326
REGIONS FINANCIAL COM 758940100 1135 29531SH SOLE 29531
PROCTER & GAMBLE COM 742718109 1129 12650SH SOLE 12650
GREEN MOUNTAIN COFFEE COM 393122106 1120 163600SH SOLE 163600
HSB GROUP COM 40428N109 1108 26900SH SOLE 26900
TEXACO COM 881694103 1060 17000SH SOLE 17000
ULTRALIFE BATTERIES COM 903899102 1059 192600SH SOLE 192600
BCE COM 05534B109 1011 20500SH SOLE 20500
LAYNE CHRISTENSEN COM 521050104 1001 157000SH SOLE 157000
CMS ENERGY CLASS G COM 125896209 985 41907SH SOLE 41907
PLUM CREEK TIMBER COM 729237107 931 29850SH SOLE 29850
BRISTOL MYERS SQUIBB COM 110122108 902 12800SH SOLE 12800
HARMON IND COM 413136102 837 42250SH SOLE 42250
IMPERIAL OIL COM 453038408 788 41611SH SOLE 41611
KAMAN COM 483548103 762 48550SH SOLE 48550
INCO LTD CV 7.750% 03-15-16 BOND 453258AH8 757 845000SH SOLE 0
PENNZENERGY COM 70931Q109 753 45280SH SOLE 45280
TRANSCANADA PIPELINES COM 893526103 724 51700SH SOLE 51700
DE BEERS CONS MNS ADR ADR 240253302 683 28600SH SOLE 28600
PENNZOIL-QUAKER STATE COM 709323109 682 45480SH SOLE 45480
FREQUENCY ELECTRONICS COM 358010106 669 79850SH SOLE 79850
CHEVRON COM 166751107 662 6968SH SOLE 6968
CORNING INC COM 219350105 656 9350SH SOLE 9350
RITE AID COM 767754104 625 25400SH SOLE 25400
JOHNSON & JOHNSON COM 478160104 596 6080SH SOLE 6080
HEALTHSOUTH COM 421924101 589 39600SH SOLE 39600
MORRISON KNUDSEN COM 485797104 565 54774SH SOLE 54774
INACOM COM 45323G109 523 41400SH SOLE 41400
PACIFICORP COM 695114108 507 27600SH SOLE 27600
WARNER-LAMBERT COM 934488107 498 7200SH SOLE 7200
MERCK COM 589331107 492 6686SH SOLE 6686
CONSOLIDATED NATURAL GAS COM 209615103 486 8000SH SOLE 8000
PHILIP MORRIS COM 718154107 482 12000SH SOLE 12000
KENT ELEC CV 4.500% 09-01-04 BOND 490553AA2 460 575000SH SOLE 0
MORGAN STANLEY DEAN WITTER D COM 617446448 411 4000SH SOLE 4000
INCO COM 453258402 392 21800SH SOLE 21800
IRISH INVEST FUND COM 462710104 343 20800SH SOLE 20800
GLOBAL INDUSTRIAL TECHNOLOGI COM 379335102 341 28300SH SOLE 28300
AMERICAN HOME PRODUCTS COM 026609107 321 5600SH SOLE 5600
EASTMAN CHEMICAL COM 277432100 317 6133SH SOLE 6133
UNION PACIFIC COM 907818108 315 5400SH SOLE 5400
PEOPLESOFT COM 712713106 312 18100SH SOLE 18100
ROYAL DUTCH PETROLEUM COM 780257705 301 5000SH SOLE 5000
ODS NETWORKS COM 67082N109 296 75100SH SOLE 75100
ALLSTATE COM 020002101 287 8000SH SOLE 8000
IDT COM 448947101 274 12300SH SOLE 12300
PHELPS DODGE COM 717265102 260 4200SH SOLE 4200
BANK OF AMERICA COM 060505104 253 3450SH SOLE 3450
SEARS ROEBUCK COM 812387108 245 5500SH SOLE 5500
COCA-COLA COM 191216100 245 3948SH SOLE 3948
MASCOTECH CV 4.500% 12-15-03 BOND 574670AB1 219 265000SH SOLE 0
MICROSOFT COM 594918104 216 2400SH SOLE 2400
BELL SOUTH COM 079860102 210 4532SH SOLE 4532
CYPRUS AMAX MINERALS COM 232809103 210 13750SH SOLE 13750
</TABLE>
