PARSONS CAPITAL MANAGEMENT INC/RI
13F-HR, 1999-08-11
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FORM 13F

Report for the Calendar Year or Quarter Ended:	June 30, 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:		Parsons Capital Management, Inc.
Address:	10 Weybosset Street
		Suite 106
		Providence, RI   02903

13F File Number:

The institutional investment manager filing this report and the person by whom
it is signed herebdment (Check only one.):	[


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