UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
REPORT FOR THE CALENDAR YEAR OR QUARTER ENDED: 3/31/99
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: MICHAEL S. COMPTON
ADDRESS: PIONEER TRUST BANK
P.O. BOX 2305
SALEM, OR 97308
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: BRYAN STRUVE
TITLE: TRUST OFFICER & OPERATIONS MGR
PHONE: (503)363-3136
SIGNATURE,PLACE,AND DATE OF SIGNING:
BRYAN STRUVE SALEM, OR 5/12/99
REPORT TYPE (CHECK ONLY ONE.):
( X) 13F HOLDINGS REPORT
( ) 13F NOTICE
( ) 13F COMBINATION REPORT
LIST OF OTHER MANAGERS REPORTING FOR THIS MANAGER:
NONE
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: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 126
FORM 13F INFORMATION TABLE VALUE TOTAL: $170,831,849
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<TABLE> <C> <C>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
A T & T CORP COM COMMON STOCK 001957109 284 3555 SH SOLE 3555 0 0
A T & T CORP COM COMMON STOCK 001957109 217 2718 SH OTHER 2718 0 0
ABBOTT LABS COM COMMON STOCK 002824100 2198 46960 SH SOLE 46960 0 0
ABBOTT LABS COM COMMON STOCK 002824100 346 7400 SH OTHER 7400 0 0
ALLIED SIGNAL INC COM COMMON STOCK 019512102 157 3200 SH SOLE 3200 0 0
ALLIED SIGNAL INC COM COMMON STOCK 019512102 246 5000 SH OTHER 5000 0 0
AMERICAN HOME PRODS CORP COM COMMON STOCK 026609107 7793 119428 SH SOLE 119428 0 0
AMERICAN HOME PRODS CORP COM COMMON STOCK 026609107 860 13180 SH OTHER 13180 0 0
AMERICAN INTL GROUP INC COM COMMON STOCK 026874107 203 1687 SH OTHER 1687 0 0
AMERITECH CORP NEW COM COMMON STOCK 030954101 594 10300 SH SOLE 10300 0 0
AMERITECH CORP NEW COM COMMON STOCK 030954101 102 1776 SH OTHER 1776 0 0
AON CORP COM COMMON STOCK 037389103 4205 66483 SH SOLE 66483 0 0
AON CORP COM COMMON STOCK 037389103 18 288 SH OTHER 288 0 0
BANK NEW YORK INC COM COMMON STOCK 064057102 378 10526 SH SOLE 10526 0 0
BANK NEW YORK INC COM COMMON STOCK 064057102 165 4600 SH OTHER 4600 0 0
BANKAMERICA CORP NEW COM COMMON STOCK 06605F102 3346 47372 SH SOLE 47372 0 0
BANKAMERICA CORP NEW COM COMMON STOCK 06605F102 726 10284 SH OTHER 10284 0 0
BELL ATLANTIC CORP COM COMMON STOCK 077853109 1464 28318 SH SOLE 28318 0 0
BELL ATLANTIC CORP COM COMMON STOCK 077853109 315 6098 SH OTHER 6098 0 0
BELLSOUTH CORP COM COMMON STOCK 079860102 3256 81280 SH SOLE 81280 0 0
BELLSOUTH CORP COM COMMON STOCK 079860102 508 12674 SH OTHER 12674 0 0
BERKSHIRE HATHAWAY INC DEL COM COMMON STOCK 084670207 2414 1027 SH SOLE 1027 0 0
BERKSHIRE HATHAWAY INC DEL COM COMMON STOCK 084670207 722 307 SH OTHER 307 0 0
BESTFOODS COM COMMON STOCK 08658U101 2120 45108 SH SOLE 45108 0 0
BESTFOODS COM COMMON STOCK 08658U101 526 11200 SH OTHER 11200 0 0
BOEING CO COM COMMON STOCK 097023105 1595 46906 SH SOLE 46906 0 0
BOEING CO COM COMMON STOCK 097023105 492 14480 SH OTHER 14480 0 0
BP AMOCO PLC SPONSORED ADR COMMON STOCK 055622104 4737 46900 SH SOLE 46900 0 0
BP AMOCO PLC SPONSORED ADR COMMON STOCK 055622104 892 8836 SH OTHER 8836 0 0
BRISTOL MYERS SQUIBB CO COM COMMON STOCK 110122108 244 3800 SH SOLE 3800 0 0
BRISTOL MYERS SQUIBB CO COM COMMON STOCK 110122108 359 5600 SH OTHER 5600 0 0
CHASE MANHATTAN CORP NEW COM COMMON STOCK 16161A108 276 3390 SH SOLE 3390 0 0
CHEVRON CORP COM COMMON STOCK 166751107 924 10411 SH SOLE 10411 0 0
CHEVRON CORP COM COMMON STOCK 166751107 110 1234 SH OTHER 1234 0 0
CISCO SYS INC COM COMMON STOCK 17275R102 564 5150 SH SOLE 5150 0 0
CISCO SYS INC COM COMMON STOCK 17275R102 329 3000 SH OTHER 3000 0 0
CITIGROUP INC COM COMMON STOCK 172967101 328 5140 SH SOLE 5140 0 0
DAYTON HUDSON CORP COM COMMON STOCK 239753106 449 6740 SH SOLE 6740 0 0
DAYTON HUDSON CORP COM COMMON STOCK 239753106 227 3400 SH OTHER 3400 0 0
E I DU PONT DE NEMOURS & CO CO COMMON STOCK 263534109 2137 36810 SH SOLE 36810 0 0
E I DU PONT DE NEMOURS & CO CO COMMON STOCK 263534109 173 2974 SH OTHER 2974 0 0
ELECTRONIC DATA SYSTEMS CORP C COMMON STOCK 285661104 127 2600 SH SOLE 2600 0 0
ELECTRONIC DATA SYSTEMS CORP C COMMON STOCK 285661104 140 2880 SH OTHER 2880 0 0
EMERSON ELECTRIC CO COM COMMON STOCK 291011104 1563 29522 SH SOLE 29522 0 0
EMERSON ELECTRIC CO COM COMMON STOCK 291011104 74 1400 SH OTHER 1400 0 0
EQUIFAX INC COM COMMON STOCK 294429105 5848 170113 SH SOLE 170113 0 0
EQUIFAX INC COM COMMON STOCK 294429105 386 11240 SH OTHER 11240 0 0
EXXON CORP COM COMMON STOCK 302290101 5708 80899 SH SOLE 80899 0 0
EXXON CORP COM COMMON STOCK 302290101 943 13364 SH OTHER 13364 0 0
FORTUNE BRANDS INC COM COMMON STOCK 349631101 324 8422 SH SOLE 8422 0 0
FORTUNE BRANDS INC COM COMMON STOCK 349631101 60 1550 SH OTHER 1550 0 0
GENERAL ELEC CO COM COMMON STOCK 369604103 10855 98120 SH SOLE 98120 0 0
GENERAL ELEC CO COM COMMON STOCK 369604103 2075 18760 SH OTHER 18760 0 0
GTE CORPORATION COM COMMON STOCK 362320103 606 10009 SH SOLE 10009 0 0
GTE CORPORATION COM COMMON STOCK 362320103 54 900 SH OTHER 900 0 0
HEINZ H J CO COM COMMON STOCK 423074103 306 6450 SH SOLE 6450 0 0
HEINZ H J CO COM COMMON STOCK 423074103 182 3844 SH OTHER 3844 0 0
HEWLETT PACKARD CO COM COMMON STOCK 428236103 4300 63408 SH SOLE 63408 0 0
HEWLETT PACKARD CO COM COMMON STOCK 428236103 528 7785 SH OTHER 7785 0 0
INTEL CORP COM COMMON STOCK 458140100 5839 49116 SH SOLE 49116 0 0
INTEL CORP COM COMMON STOCK 458140100 510 4290 SH OTHER 4290 0 0
INTERNATIONAL BUSINESS MACHS C COMMON STOCK 459200101 268 1510 SH SOLE 1510 0 0
INTERNATIONAL BUSINESS MACHS C COMMON STOCK 459200101 416 2345 SH OTHER 2345 0 0
JOHNSON & JOHNSON COM COMMON STOCK 478160104 3236 34606 SH SOLE 34606 0 0
JOHNSON & JOHNSON COM COMMON STOCK 478160104 449 4800 SH OTHER 4800 0 0
KELLOGG CO COM COMMON STOCK 487836108 517 15300 SH SOLE 15300 0 0
KELLOGG CO COM COMMON STOCK 487836108 215 6344 SH OTHER 6344 0 0
KEYCORP NEW COM COMMON STOCK 493267108 3394 111960 SH SOLE 111960 0 0
KEYCORP NEW COM COMMON STOCK 493267108 53 1734 SH OTHER 1734 0 0
LILLY ELI & CO COM COMMON STOCK 532457108 349 4110 SH SOLE 4110 0 0
LILLY ELI & CO COM COMMON STOCK 532457108 98 1150 SH OTHER 1150 0 0
LUCENT TECHNOLOGIES INC COM COMMON STOCK 549463107 7223 66876 SH SOLE 66876 0 0
LUCENT TECHNOLOGIES INC COM COMMON STOCK 549463107 1132 10482 SH OTHER 10482 0 0
MCCORMICK & CO INC COM NON VTG COMMON STOCK 579780206 580 20000 SH OTHER 20000 0 0
MCI WORLDCOM INC COM COMMON STOCK 55268B106 673 7600 SH SOLE 7600 0 0
MCI WORLDCOM INC COM COMMON STOCK 55268B106 310 3500 SH OTHER 3500 0 0
MERCK & CO INC COM COMMON STOCK 589331107 7813 97508 SH SOLE 97508 0 0
MERCK & CO INC COM COMMON STOCK 589331107 1162 14500 SH OTHER 14500 0 0
MICROSOFT CORP COM COMMON STOCK 594918104 792 8840 SH SOLE 8840 0 0
MICROSOFT CORP COM COMMON STOCK 594918104 951 10610 SH OTHER 10610 0 0
MINNESOTA MNG & MFG CO COM COMMON STOCK 604059105 183 2584 SH SOLE 2584 0 0
MINNESOTA MNG & MFG CO COM COMMON STOCK 604059105 33 462 SH OTHER 462 0 0
MOBIL CORP COM COMMON STOCK 607059102 290 3290 SH SOLE 3290 0 0
MONTANA PWR CO COM COMMON STOCK 612085100 331 4500 SH SOLE 4500 0 0
MOTOROLA INC COM COMMON STOCK 620076109 1572 21465 SH SOLE 21465 0 0
MOTOROLA INC COM COMMON STOCK 620076109 22 300 SH OTHER 300 0 0
NORFOLK SOUTHN CORP COM COMMON STOCK 655844108 874 33150 SH SOLE 33150 0 0
NORFOLK SOUTHN CORP COM COMMON STOCK 655844108 166 6275 SH OTHER 6275 0 0
NUCOR CORP COM COMMON STOCK 670346105 1743 39565 SH SOLE 39565 0 0
NUCOR CORP COM COMMON STOCK 670346105 187 4250 SH OTHER 4250 0 0
PACIFICORP COM COMMON STOCK 695114108 406 23541 SH SOLE 23541 0 0
PACIFICORP COM COMMON STOCK 695114108 116 6706 SH OTHER 6706 0 0
PEPSICO INC COM COMMON STOCK 713448108 3706 94567 SH SOLE 94567 0 0
PEPSICO INC COM COMMON STOCK 713448108 609 15550 SH OTHER 15550 0 0
PFIZER INC COM COMMON STOCK 717081103 4593 33106 SH SOLE 33106 0 0
PFIZER INC COM COMMON STOCK 717081103 2178 15700 SH OTHER 15700 0 0
PHILIP MORRIS COS INC COM COMMON STOCK 718154107 95 2700 SH SOLE 2700 0 0
PHILIP MORRIS COS INC COM COMMON STOCK 718154107 277 7860 SH OTHER 7860 0 0
PRECISION CASTPARTS CORP COM COMMON STOCK 740189105 310 7710 SH SOLE 7710 0 0
PROCTER & GAMBLE CO COM COMMON STOCK 742718109 6131 62600 SH SOLE 62600 0 0
PROCTER & GAMBLE CO COM COMMON STOCK 742718109 1199 12242 SH OTHER 12242 0 0
PROVIDIAN FINL CORP COM COMMON STOCK 74406A102 264 2400 SH SOLE 2400 0 0
RALSTON-RALSTON PURINA GROUP C COMMON STOCK 751277302 301 11283 SH SOLE 11283 0 0
SAFECO CORP COM COMMON STOCK 786429100 3398 84022 SH SOLE 84022 0 0
SAFECO CORP COM COMMON STOCK 786429100 474 11714 SH OTHER 11714 0 0
SARA LEE CORP COM COMMON STOCK 803111103 373 15060 SH SOLE 15060 0 0
SBC COMMUNICATIONS INC COM COMMON STOCK 78387G103 542 11486 SH SOLE 11486 0 0
SBC COMMUNICATIONS INC COM COMMON STOCK 78387G103 160 3400 SH OTHER 3400 0 0
SCHLUMBERGER LTD COM COMMON STOCK 806857108 2875 47775 SH SOLE 47775 0 0
SCHLUMBERGER LTD COM COMMON STOCK 806857108 616 10242 SH OTHER 10242 0 0
TYCO INTL LTD NEW COM COMMON STOCK 902124106 520 7250 SH SOLE 7250 0 0
TYCO INTL LTD NEW COM COMMON STOCK 902124106 126 1750 SH OTHER 1750 0 0
UNITED HEALTHCARE CORP COM COMMON STOCK 910581107 145 2750 SH SOLE 2750 0 0
UNITED HEALTHCARE CORP COM COMMON STOCK 910581107 199 3790 SH OTHER 3790 0 0
US BANCORP DEL NEW COM COMMON STOCK 902973106 5758 169050 SH SOLE 169050 0 0
US BANCORP DEL NEW COM COMMON STOCK 902973106 1177 34560 SH OTHER 34560 0 0
VALMONT INDS INC COM COMMON STOCK 920253101 2927 210967 SH SOLE 210967 0 0
WAL MART STORES INC COM COMMON STOCK 931142103 5509 59760 SH SOLE 59760 0 0
WAL MART STORES INC COM COMMON STOCK 931142103 144 1563 SH OTHER 1563 0 0
WASHINGTON MUT INC COM COMMON STOCK 939322103 947 23157 SH SOLE 23157 0 0
WASHINGTON MUT INC COM COMMON STOCK 939322103 393 9603 SH OTHER 9603 0 0
WELLS FARGO & CO NEW COM COMMON STOCK 949746101 130 3710 SH SOLE 3710 0 0
WELLS FARGO & CO NEW COM COMMON STOCK 949746101 278 7920 SH OTHER 7920 0 0
WEST COAST BANCORP ORE COM COMMON STOCK 952145100 738 39494 SH SOLE 39494 0 0
WEST COAST BANCORP ORE COM COMMON STOCK 952145100 516 27621 SH OTHER 27621 0 0
WILLAMETTE INDS INC COM COMMON STOCK 969133107 245 6480 SH SOLE 6480 0 0
</TABLE>
