United States Securities and Excahnge Comission
Washington, D.C. 20549
Form 13F
Form 13F Cover Page
Report for the Calender Year or Quarter Ended: September 30, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing the Report:
Name: Heritage Financial Management, LLC
Address: 614 East High Street
Charlottesville, VA 22902
13F File Number:
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: Russell J. Bell
Title: Managing Director
Phone: 804-977-4420
Signature, Place, and Date of Signing:
Russell J Bell Charlottesville, VA November 9, 1999
Report Type (Check only one.):
[X] 13F Holdings Report.
[ ] 13F Notice
[ ] 13F Combination Report
List of Other Managers Reporting for this Manager:
<PAGE>
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 54
Form 13F Information Table Value Total: 110,204,000
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Form 13F Information Table
Voting Authority
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- ---------------
Value
Value Shares/ Sh/ Put/ Invstmt
Name of Title ofCUSIP (x$1000)Prn Amt Prn Call Dscretn Managers Sole
Shared None
- --------------------------------------- --- ---- ------- -------- -----------
- -------------
D A A R COCOM 00036110 1472 81790SH Sole 81790
D ABBOTT LCOM 00282410 1233 33600SH Sole 33600
D ALLEGHANCOM 01717510 933 5269SH Sole 5269
D ALLIANCECOM 01854810 4134 150653SH Sole 150653
D AMERICANCOM 02581610 8665 64185SH Sole 64185
D AMERICANCOM 02660910 2099 50580SH Sole 50580
D AMERICANCOM 02687410 199522943.75SH Sole 22943.75
D AMGEN INCOM 03116210 1448 17770SH Sole 17770
D APACHE ECOM 03741110 1795 41574SH Sole 41574
D BERKSHIRCOM 08467010 1551 28SH Sole 28
D BERKSHIRCOM 08467020 217 118SH Sole 118
D BP AMOCOCOM 05562210 221 1994SH Sole 1994
D BRISTOL COM 11012210 2665 39484SH Sole 39484
D BROWN-FOCOM 11563720 3220 51055SH Sole 51055
D CHEVRON COM 16675110 1680 18930SH Sole 18930
D CHICAGO COM 16822810 531 13290SH Sole 13290
D CHUBB COCOM 17123210 298 6000SH Sole 6000
D CITIGROUCOM 17296710 3230 73408SH Sole 73408
D DU PONT COM 26353410 665 11000SH Sole 11000
D EXXON COCOM 30229010 2816 37050SH Sole 37050
D FEDERAL COM 31354910 1835 66570SH Sole 66570
D FREDDIE COM 31340030 5607 107826SH Sole 107826
D GENERAL COM 36960410 1636 13800SH Sole 13800
D GILLETTECOM 37576610 407 12000SH Sole 12000
D IBM COM 45920010 2384 19700SH Sole 19700
D JOHNSON COM 47816010 2678 29146SH Sole 29146
D KIMBERLYCOM 49436810 422 8000SH Sole 8000
D LEHMAN BCOM 52490810 801 13728SH Sole 13728
D MANPOWERCOM 56418H10 1513 51965SH Sole 51965
D MARSH & COM 57174810 740 10800SH Sole 10800
D MCDONALDCOM 58013510 2733 63188SH Sole 63188
D MERCK & COM 58933110 2289 35320SH Sole 35320
D MEREDITHCOM 58943310 3568 98270SH Sole 98270
D MILACRONCOM 59870910 1205 67898SH Sole 67898
D MORGAN SCOM 61744644 2109 23651SH Sole 23651
D NABISCO COM 62952610 1516 43850SH Sole 43850
D PFIZER ICOM 71708110 7398 206221SH Sole 206221
D PHILLIPSCOM 71850710 1599 32793SH Sole 32793
D PITNEY-BCOM 72447910 475 7800SH Sole 7800
D PROGRESSCOM 74331510 2211 27064SH Sole 27064
D QUAKER OCOM 74740210 978 15800SH Sole 15800
D R & B FACOM 74912e10 1830 139456SH Sole 139456
D SCHERINGCOM 80660510 1581 36240SH Sole 36240
D SCHLUMBECOM 80685710 3737 59971SH Sole 59971
D SEALED ACOM 81211k10 3840 74830SH Sole 74830
D TEXACO ICOM 88169410 593 9400SH Sole 9400
D TIME-WARCOM 88731510 3506 57715SH Sole 57715
D UNION PACOM 90783410 1167 71800SH Sole 71800
D USX MARACOM 90290582 827 28290SH Sole 28290
D USX-US SCOM 90337t10 1104 42865SH Sole 42865
D ROCHE HOCOM 77119510 1793 15494SH Sole 15494
D SOCIETE COM 28626910 1409 15380SH Sole 15380
D TELEFONICOM 87938220 2358 49130SH Sole 49130
D TOTAL FICOM e9054166 1486 13149SH Sole 13149
S REPORT 54 DATA RECORDS 110204 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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