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 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: Robert W. Parsons
Title: Vice President
Phone: 401-521-2440
Signature, Place, and Date of Signing:
Robert W. Parsons Providence, Rhode Island August 11, 1999
Report Type (Check only one.):
[x] 13F HOLDING REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 4
Form 13F Information Table Entry Total: 144
Form 13F Information Table Value Total: $254,952
List of Other Included Managers:
No. 13F File Number Name
01 Peter M. Hunt
02 J. Geddes Parsons and Robert W. Parsons
03 Edwin G. Fischer
04 David von Hemert
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<TABLE>
FORM 13F
INFORMATION TABLE
VALUE SHARES/ SH/
PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN
CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- ---
- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C>
<C> <C> <C> <C> <C> <C>
HILTON HOTELS CONV SUB NOTE CNV 432848al3 69 75000 PRN
DEFINED 02 75000
NOVACARE INC CONV SUB DEB CNV 669930aa7 286 310000 PRN
DEFINED 02 310000
ARCHSTONE COMM'TY TR SER A CPR 039581202 295 10000 SH
DEFINED 02 10000
MEDIAONE GROUP PFD CONV D CPR 58440j203 14303 95473 SH
DEFINED 02 01 95473
ABBOTT LABS COM 002824100 1243 27400 SH
DEFINED 04 02 27400
ALCOA INC. COM 013817101 421 6800 SH
DEFINED 01 02 6800
AMERICA ONLINE, INC. COM 02364j104 4189 38085 SH
DEFINED 01 02 38085
AMERICA SERVICE GROUP INC COM 02364l109 655 42925 SH
DEFINED 02 42925
AMERICAN EXPRESS CO COM 025816109 4137 31790 SH
DEFINED 01 02 31790
AMERICAN GENERAL CORP COM 026351106 420 5576 SH
DEFINED 02 5576
AMERICAN HOME PRODS CORP COM 026609107 2075 36167 SH
DEFINED 02 01 04 36167
AMERICAN INT'L GROUP COM 026874107 13235 112879 SH
DEFINED 04 01 02 03 112879
AMERICAN TOWER CORP CL A COM 029912201 1435 59800 SH
DEFINED 01 02 03 59800
AMERICAN WATER WORKS, INC. COM 030411102 258 8400 SH
DEFINED 02 04 8400
AMERITECH CORP NEW COM 030954101 829 11281 SH
DEFINED 02 04 11281
AMGEN COM 031162100 724 11900 SH
DEFINED 02 11900
AMLI RESIDENTIAL PPTYS SBI COM 001735109 555 24800 SH
DEFINED 02 24800
ANADARKO PETROLEUM CORP COM 032511107 1314 35706 SH
DEFINED 01 02 35706
AT HOME CP COM SER A COM 045919107 870 16132 SH
DEFINED 01 02 03 16132
AT&T CORP COM 001957109 3304 59190 SH
DEFINED 02 03 04 01 59190
ATLANTIC RICHFIELD CO COM 048825103 983 11764 SH
DEFINED 02 01 04 11764
AUTOMATIC DATA PROCESSING COM 053015103 2402 54590 SH
DEFINED 04 01 02 54590
BANK OF AMERICA CORP COM 060505104 390 5323 SH
DEFINED 02 5323
BANK RHODE ISLAND COM 064576101 304 30000 SH
DEFINED 02 30000
BANKBOSTON CORP COM 06605r106 1502 29385 SH
DEFINED 04 02 03 29385
BELL ATLANTIC CORP COM 077853109 858 13128 SH
DEFINED 02 01 04 13128
BELLSOUTH CORP COM 079860102 560 12137 SH
DEFINED 02 01 12137
BELO, A.H. CORP DEL $1.67 CL A COM 080555105 11723 595476 SH
DEFINED 02 01 04 595476
BERKSHIRE HATHAWAY CL B COM 084670207 2280 1018 SH
DEFINED 01 02 1018
BERKSHIRE HATHAWAY INC COM 084670108 2963 43 SH
DEFINED 01 02 43
BESTFOODS COM 08658u101 542 10950 SH
DEFINED 04 01 10950
BOEING COMPANY COM 097023105 468 10632 SH
DEFINED 01 02 04 10632
BP AMOCO PLC SPON ADR COM 055622104 1883 17353 SH
DEFINED 01 02 04 17353
BRISTOL MYERS SQUIBB CO COM 110122108 1122 15930 SH
DEFINED 04 01 02 15930
CHASE MANHATTAN CORP NEW COM 16161a108 1559 18028 SH
DEFINED 04 02 01 18028
CHEVRON CORP COM 166751107 2004 21081 SH
DEFINED 01 02 04 21081
CISCO SYSTEMS INC COM 17275r102 3128 48636 SH
DEFINED 04 01 02 03 48636
COCA COLA CO COM 191216100 680 10967 SH
DEFINED 01 02 04 10967
COLGATE PALMOLIVE CO COM 194162103 345 3500 SH
DEFINED 01 02 04 3500
COMCAST CORP SP CLASS A COM 200300200 230 5990 SH
DEFINED 02 5990
COMPAQ COMPUTER COM 204493100 349 14735 SH
DEFINED 01 04 02 14735
CVS CORP DELAWARE COM 126650100 209 4120 SH
DEFINED 01 04 02 4120
DAYTON HUDSON COM 239753106 556 8548 SH
DEFINED 04 02 8548
DISNEY WALT COMPANY COM 254687106 1314 42635 SH
DEFINED 04 01 02 42635
DOW CHEMICAL CORP COM 260543103 457 3603 SH
DEFINED 01 02 3603
DU PONT E I DE NEMOURS CO COM 263534109 1443 21130 SH
DEFINED 01 02 21130
DUKE ENERGY CORP COM 264399106 248 4555 SH
DEFINED 02 4555
DUKE REALTY INVESTMTS NEW COM 264411505 1794 79520 SH
DEFINED 02 03 79520
EASTMAN KODAK COM 277461109 335 4945 SH
DEFINED 04 02 01 4945
EL PASO ENERGY CORP COM 283905107 249 7080 SH
DEFINED 02 7080
ELAN CORP PLC COM 284131208 803 28950 SH
DEFINED 01 02 03 04 28950
EMERSON ELEC CO COM 291011104 649 10304 SH
DEFINED 02 04 10304
ENRON CORP COM 293561106 470 5750 SH
DEFINED 02 5750
ERICSSON LM TEL SEK10B ADR COM 294821400 649 19700 SH
DEFINED 01 02 19700
EXXON CORP COM 302290101 8495 110150 SH
DEFINED 02 01 04 110150
FEDERAL NAT MORTGAGE ASSN COM 313586109 1888 27665 SH
DEFINED 04 01 02 27665
FIRSTAR CORP COM 33763v109 250 8940 SH
DEFINED 02 8940
FLEET FINL GRP INC NEW COM 338915101 1570 35378 SH
DEFINED 02 04 01 35378
FREDDIE MAC COM 313400301 639 11020 SH
DEFINED 02 11020
GENERAL ELECTRIC COMPANY COM 369604103 12725 112611 SH
DEFINED 04 01 02 03 112611
GENERAL MILLS INC COM 370334104 363 4514 SH
DEFINED 02 01 4514
GENERAL MOTORS CORP COM 370442105 703 10650 SH
DEFINED 02 04 01 10650
GENTEX CORP COM 371901109 2940 105000 SH
DEFINED 02 105000
GEORGIA PAC CORP COM 373298108 287 6050 SH
DEFINED 04 01 02 6050
GILLETTE CO COM 375766102 683 16670 SH
DEFINED 01 02 04 16670
GTE CORP COM 362320103 1507 19960 SH
DEFINED 02 01 04 19960
HALLIBURTON CO COM 406216101 298 6591 SH
DEFINED 01 04 6591
HARKEN ENERGY CRP COM 412552101 36 22000 SH
DEFINED 02 22000
HEALTHCARE REALTY TRUST COM 421946104 1417 67100 SH
DEFINED 02 03 67100
HEWLETT- PACKARD CO COM 428236103 1122 11160 SH
DEFINED 04 01 02 11160
HOME DEPOT INC COM 437076102 7801 121065 SH
DEFINED 02 03 01 04 121065
HYSEQ INC COM 449163302 192 55350 SH
DEFINED 01 02 55350
IDENTIX INC COM 451906101 99 10000 SH
DEFINED 02 01 10000
INGERSOLL-RAND COM 456866102 324 5015 SH
DEFINED 04 02 5015
INT'L BUSINESS MACHINES COM 459200101 7188 55616 SH
DEFINED 01 02 03 55616
INTEL CORP COM 458140100 2716 45645 SH
DEFINED 02 04 01 45645
INTERNATIONAL PAPER CO COM 460146103 211 4190 SH
DEFINED 01 02 4190
INTERPUBLIC GROUP OF COMPANIES COM 460690100 230 2650 SH
DEFINED 04 02 2650
JOHN HANCOCK BANK &T OPPTY COM 409735107 392 41220 SH
DEFINED 02 41220
JOHNSON & JOHNSON COM 478160104 4425 45148 SH
DEFINED 04 01 02 45148
JOHNSTON INDS INC COM 479368102 85 40000 SH
DEFINED 01 40000
KEYCORP NEW COM 493267108 212 6590 SH
DEFINED 02 6590
KIMBERLY-CLARK COM 494368103 205 3595 SH
DEFINED 01 02 04 3595
KNIGHT RIDDER COM 499040103 3930 71381 SH
DEFINED 02 71381
LILLY ELI & CO COM 532457108 312 4350 SH
DEFINED 01 02 4350
LOWE'S COMPANIES, INC. COM 548661107 340 6000 SH
DEFINED 02 6000
LUCENT TECHNOLOGIES COM 549463107 1607 23835 SH
DEFINED 02 01 04 23835
MCDONALDS CORP COM 580135101 1408 34246 SH
DEFINED 04 01 02 34246
MCI WORLDCOM INC COM 55268b106 3964 46065 SH
DEFINED 04 01 02 03 46065
MEDIAONE GROUP COM 58440j104 18913 254290 SH
DEFINED 02 01 254290
MEDTRONIC, INC COM 585055106 596 7650 SH
DEFINED 01 02 7650
MERCK & CO COM 589331107 5426 73693 SH
DEFINED 04 01 02 03 73693
MICROSOFT CORP COM 594918104 4891 54231 SH
DEFINED 01 02 04 54231
MILLER INDS COM 600551105 94 24000 SH
DEFINED 04 24000
MINNESOTA MNG & MFG CO COM 604059105 7833 90095 SH
DEFINED 01 02 04 90095
MOBIL CORP COM 607059102 4904 49661 SH
DEFINED 01 02 04 49661
MONSANTO COMPANY COM 611662107 712 17992 SH
DEFINED 01 02 04 17992
MONTANA POWER CO COM 612085100 359 5090 SH
DEFINED 02 5090
MORGAN J P & CO INC COM 616880100 2718 19344 SH
DEFINED 01 02 04 19344
MORGAN STANLEY DEAN WITTER COM 617446448 243 2368 SH
DEFINED 02 2368
NATIONAL CITY CORP COM 635405103 467 7130 SH
DEFINED 02 7130
NEW CENTURY ENERGIES INC. COM 64352u103 303 7809 SH
DEFINED 02 7809
NORFOLK SOUTHERN CO COM 655844108 591 19620 SH
DEFINED 02 01 19620
NOVACARE INC COM 669930109 148 98796 SH
DEFINED 02 98796
ORACLE CORP COM 68389x105 1015 27341 SH
DEFINED 04 01 02 27341
ORBITAL SCIENCES CORP COM 685564106 2845 120425 SH
DEFINED 01 02 03 120425
PENNSYLVANIA ENTERPRISES COM 708720107 221 7200 SH
DEFINED 02 7200
PEPSICO INC COM 713448108 1604 41470 SH
DEFINED 04 01 02 41470
PFIZER INC COM 717081103 2335 21424 SH
DEFINED 01 02 03 04 21424
PHARMACIA & UPJOHN, INC. COM 716941109 583 10262 SH
DEFINED 02 04 10262
PHILIP MORRIS COS COM 718154107 958 23845 SH
DEFINED 02 01 23845
PROCTER & GAMBLE CO COM 742718109 1650 18489 SH
DEFINED 01 02 04 18489
QUAKER FABRIC CORP NEW COM 747399103 230 55000 SH
DEFINED 01 55000
QUAKER OATS CO COM 747402105 602 9067 SH
DEFINED 02 9067
QUALCOMM, INC. COM 747525103 215 1500 SH
DEFINED 02 1500
RACING CHAMPIONS CORP COM 750069106 593 83250 SH
DEFINED 02 01 83250
ROYAL DUTCH PETE NY GLDR5 COM 780257804 2222 36875 SH
DEFINED 04 01 02 36875
SARA LEE CORP COM 803111103 409 18010 SH
DEFINED 04 01 02 18010
SBC COMMUNICATIONS PV$1 COM 78387g103 1429 24631 SH
DEFINED 02 01 04 24631
SCHLUMBERGER LTD COM 806857108 1636 25691 SH
DEFINED 04 02 01 25691
SCI SYSTEMS COM 783890106 1061 22398 SH
DEFINED 02 22398
SERVICEMASTER COMPANY COM 81760n109 828 44143 SH
DEFINED 02 44143
SHERWIN WILLIAMS CO COM 824348106 578 20815 SH
DEFINED 04 02 20815
SIGMA ALDRICH CORP COM 826552101 303 8800 SH
DEFINED 02 8800
SYMBOL TECHNOLOGIES COM 871508107 328 8887 SH
DEFINED 02 8887
TEMPLE INLAND INC COM 879868107 257 3750 SH
DEFINED 02 3750
TEXACO INC COM 881694103 1316 21095 SH
DEFINED 02 01 21095
TEXTRON INC COM 883203101 437 5310 SH
DEFINED 02 5310
THERMO BIOANALYSIS CORP COM 88355h108 625 36000 SH
DEFINED 02 36000
THERMO CARDIOSYSTEMS INC COM 88355k200 779 71675 SH
DEFINED 01 02 71675
THERMO ELECTRON CORP COM 883556102 1183 58964 SH
DEFINED 04 02 01 58964
THERMO INSTRUMENT SYSTEMS COM 883559106 713 44590 SH
DEFINED 02 44590
TIME WARNER INC COM 887315109 3890 53565 SH
DEFINED 02 53565
TYCO INT'L LTD NEW COM 902124106 393 4148 SH
DEFINED 04 01 02 4148
U S WEST INC (NEW) COM 91273h101 456 7761 SH
DEFINED 02 01 04 7761
VODAFONE GROUP PUBLIC CO COM 92857t107 342 1736 SH
DEFINED 02 04 1736
WAL MART STORES INC COM 931142103 1796 37230 SH
DEFINED 02 01 37230
WARNER LAMBERT CO COM 934488107 1101 15929 SH
DEFINED 01 02 15929
WELLS FARGO & CO NEW COM 949746101 355 8300 SH
DEFINED 04 02 8300
WEYERHAEUSER CO COM 962166104 251 3650 SH
DEFINED 02 04 3650
WILLIAMS COMPANIES COM 969457100 255 6000 SH
DEFINED 02 6000
ALLIANCE CAP MGT L P PTR 018548107 1780 55100 SH
DEFINED 02 55100
KINDER MORGAN ENERGY PARTNERS PTR 494550106 1031 27860 SH
DEFINED 02 27860
PIMCO ADVSR HLDGS LP PTR 69338p102 1515 50917 SH
DEFINED 02 50917
</TABLE>
