UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2000
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 April 7, 2000
[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
92
Form 13F Information Table Entry Total: ______________
132215
Form 13F Information Table Value Total: $______________
(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 14201 91322SH SOLE 91322
EXXON-MOBIL COM 302290101 10136 130054SH SOLE 130054
WICOR COM 929253102 5422 174898SH SOLE 174898
UNISYS COM 909214108 3907 152106SH SOLE 152106
FLOW INTERNATIONAL COM 343468104 3820 325100SH SOLE 325100
EVERCEL COM 299759100 3800 184244SH SOLE 184244
AT&T COM 001957109 3317 58900SH SOLE 58900
INTERMAGNETICS GENERAL COM 458771102 3302 194249SH SOLE 194249
AMERON INTERNATIONAL COM 030710107 3080 86597SH SOLE 86597
UTILICORP COM 918005109 2805 155307SH SOLE 155307
NCR COM 6288GE108 2590 64550SH SOLE 64550
PNC FINANCIAL SERVICES GROUP COM 693475105 2506 55603SH SOLE 55603
ULTRALIFE BATTERIES COM 903899102 2486 177600SH SOLE 177600
FUELCELL ENERGY COM 29271E100 2414 30850SH SOLE 30850
UNITED WATER RES. COM 913190104 2367 68107SH SOLE 68107
US WEST COM 912889102 2173 29916SH SOLE 29916
NO STATES POWER CO MINN COM 665772109 2151 108204SH SOLE 108204
GTE COM 362320103 1975 27817SH SOLE 27817
GREEN MOUNTAIN COFFEE COM 393122106 1918 150400SH SOLE 150400
PLUM CREEK TIMBER COM 729237107 1887 76632SH SOLE 76632
DOLE FOOD COM 256605106 1850 95184SH SOLE 95184
NABORS IND COM 629568106 1824 47000SH SOLE 47000
BANK OF AMERICA COM 060505104 1761 33575SH SOLE 33575
GENERAL MILLS COM 370334104 1737 48000SH SOLE 48000
ORBITAL SCIENCES COM 685564106 1701 113384SH SOLE 113384
NORTHWEST PIPE COM 667746101 1624 115975SH SOLE 115975
KMART CV PFD T PFD 498778208 1479 34353SH SOLE 34353
BLUEGREEN C.V. 8.25 DUE 5-15-12 BOND 703365AB2 1425 2142800PRN SOLE 0
EQUITABLE RESOURCES COM 294549100 1375 30673SH SOLE 30673
DELUXE COM 248019101 1344 50700SH SOLE 50700
PEPSICO COM 713448108 1336 38301SH SOLE 38301
DUPONT, E.I. COM 263534109 1324 25012SH SOLE 25012
SBC COMMUNICATIONS COM 78387G103 1276 30285SH SOLE 30285
BP AMOCO ADR ADR 055622104 1205 22626SH SOLE 22626
FREQUENCY ELECTRONICS COM 358010106 1200 65750SH SOLE 65750
BLUEGREEN COM 703365106 1168 381376SH SOLE 381376
EASTMAN KODAK COM 277461109 1166 21474SH SOLE 21474
STRUCTURAL DYNAMICS RESEARCH COM 863555108 1056 78247SH SOLE 78247
IBM COM 459200101 1033 8754SH SOLE 8754
LAYNE CHRISTENSEN COM 521050104 1026 221800SH SOLE 221800
CHEMED COM 163596109 1014 33803SH SOLE 33803
WOLVERINE WORLD WIDE COM 978097103 973 88425SH SOLE 88425
HARMON IND COM 413136102 949 52350SH SOLE 52350
TEXACO COM 881694103 914 17000SH SOLE 17000
HSB GROUP COM 40428N109 913 31555SH SOLE 31555
HEALTH CARE REIT COM 42217K106 903 64494SH SOLE 64494
COMPUTER TASK GRP COM 205477102 844 76700SH SOLE 76700
REPSOL ADR ADR 76026T205 824 38658SH SOLE 38658
HEALTHSOUTH COM 421924101 814 143053SH SOLE 143053
IMPERIAL OIL COM 453038408 794 37911SH SOLE 37911
BRISTOL MYERS SQUIBB COM 110122108 742 12800SH SOLE 12800
WARNER-LAMBERT COM 934488107 738 7550SH SOLE 7550
CMS ENERGY COM 125896100 724 39922SH SOLE 39922
PROCTER & GAMBLE COM 742718109 715 12650SH SOLE 12650
INCO LTD CV 7.75 DUE 2-15-16 BOND 453258AH8 700 820000PRN SOLE 0
CHEVRON COM 166751107 700 7568SH SOLE 7568
HOST MARRIOTT COM 441078102 698 78600SH SOLE 78600
REGIONS FINANCIAL COM 758940100 685 30036SH SOLE 30036
AUSTRALIA & NZ BANKING GROUP ADR 052528304 668 21200SH SOLE 21200
DEVON ENERGY COM 251791410 664 13665SH SOLE 13665
XEROX COM 984121103 650 25000SH SOLE 25000
MORRISON KNUDSEN COM 485797104 599 81274SH SOLE 81274
MORGAN STANLEY DEAN WITTER COM 617446448 580 7000SH SOLE 7000
CORNING INC COM 219350105 543 2800SH SOLE 2800
MCDERMOTT INTERNATIONAL COM 580037109 480 52200SH SOLE 52200
TIMKEN COM 887389104 471 29006SH SOLE 29006
NETWORK ASSOCIATES COM 640938106 469 14550SH SOLE 14550
KENT ELECTRONICS CV 4.5 DUE 9-01BOND 490553AA2 452 525800PRN SOLE 0
DE BEERS CONS MNS ADR ADR 240253302 452 19700SH SOLE 19700
JOHNSON & JOHNSON COM 478160104 427 6080SH SOLE 6080
MERCK COM 589331107 415 6686SH SOLE 6686
PEOPLESOFT COM 712713106 408 20400SH SOLE 20400
INCO COM 453258402 401 21800SH SOLE 21800
DOMINION RESOURCES COM 25746U109 395 10284SH SOLE 10284
KAMAN COM 483548103 392 40200SH SOLE 40200
TRANSCANADA PIPELINES COM 893526103 366 48400SH SOLE 48400
SANTA CRUZ OPERATION COM 801833104 346 36950SH SOLE 36950
NETOPTIX COM 363544107 344 2000SH SOLE 2000
CARPENTER TECHNOLOGY COM 144285103 330 15883SH SOLE 15883
AMERICAN HOME PRODUCTS COM 026609107 301 5600SH SOLE 5600
APPLIX COM 038316105 297 25550SH SOLE 25550
ROYAL DUTCH PETROLEUM COM 780257705 289 5000SH SOLE 5000
EASTMAN CHEMICAL COM 277432100 279 6133SH SOLE 6133
MICROSOFT COM 594918104 266 2505SH SOLE 2505
AXENT TECHNOLOGIES COM 05459C108 261 13900SH SOLE 13900
PHILIP MORRIS COM 718154107 254 12000SH SOLE 12000
PHELPS DODGE COM 717265102 248 5231SH SOLE 5231
PENNZOIL-QUAKER STATE COM 709323109 242 23150SH SOLE 23150
AMGEN COM 031162100 233 3800SH SOLE 3800
AMERICAN INT'L GROUP COM 026874107 220 2006SH SOLE 2006
BELL SOUTH COM 079860102 212 4532SH SOLE 4532
UNION PACIFIC COM 907818108 207 5300SH SOLE 5300
</TABLE>
