FORM 13F
Report for the Calendar Year or Quarter Ended: March 31, 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 May 6, 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: 3
Form 13F Information Table Entry Total: 140
Form 13F Information Table Value Total: $230,720
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
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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 70 75000 PRN
DEFINED 02 75000
KELLEY O&G PART LTD SUB DEB CNV 487736aa8 7 25000 PRN
DEFINED 02 25000
NOVACARE INC CONV SUB DEB CNV 669930aa7 223 310000 PRN
DEFINED 02 310000
ARCHSTONE COMM'TY TR SER A CPR 039581202 267 10000 SH
DEFINED 02 10000
MEDIAONE GROUP PFD CONV D CPR 58440j203 12274 95473 SH
DEFINED 02 01 95473
THE EDISON PROJECT INC SER C CPR 281028910 274 68965 SH
DEFINED 02 68965
THE EDISON PROJECT INC SER D CPR 281028928 113 20099 SH
DEFINED 02 20099
ABBOTT LABS COM 002824100 1273 27200 SH
DEFINED 02 27200
AGRIBIOTECH INC NEV COM 008494106 67 10650 SH
DEFINED 02 10650
AIRTOUCH COMMUNICATIONS COM 00949t100 315 3260 SH
DEFINED 02 3260
ALCOA INC. COM 013817101 280 6800 SH
DEFINED 01 02 6800
AMERICA ONLINE, INC. COM 02364j104 8187 55693 SH
DEFINED 01 02 55693
AMERICA SERVICE GROUP INC COM 02364l109 440 37425 SH
DEFINED 02 37425
AMERICAN EXPRESS CO COM 025816109 3767 31990 SH
DEFINED 01 02 31990
AMERICAN GENERAL CORP COM 026351106 393 5576 SH
DEFINED 02 5576
AMERICAN HOME PRODS CORP COM 026609107 2279 34933 SH
DEFINED 02 01 34933
AMERICAN INT'L GROUP COM 026874107 13626 112961 SH
DEFINED 01 02 112961
AMERICAN WATER WORKS, INC. COM 030411102 233 8000 SH
DEFINED 02 8000
AMERITECH CORP NEW COM 030954101 643 11156 SH
DEFINED 02 11156
AMGEN COM 031162100 1715 22900 SH
DEFINED 02 22900
AMLI RESIDENTIAL PPTYS SBI COM 001735109 532 25800 SH
DEFINED 02 25800
ANADARKO PETROLEUM CORP COM 032511107 1364 36134 SH
DEFINED 01 02 36134
AT&T CORP COM 001957109 2833 35490 SH
DEFINED 02 01 35490
ATLANTIC RICHFIELD CO COM 048825103 838 11464 SH
DEFINED 02 01 11464
AUTOMATIC DATA PROCESSING COM 053015103 2104 50840 SH
DEFINED 01 02 50840
BANK OF AMERICA CORP COM 060505104 299 4228 SH
DEFINED 02 4228
BANK RHODE ISLAND COM 064576101 571 55000 SH
DEFINED 02 55000
BANKBOSTON CORP COM 06605r106 505 11650 SH
DEFINED 02 03 11650
BELL ATLANTIC CORP COM 077853109 671 12978 SH
DEFINED 02 01 12978
BELLSOUTH CORP COM 079860102 457 11412 SH
DEFINED 02 01 11412
BELO, A.H. CORP DEL $1.67 CL A COM 080555105 10884 596404 SH
DEFINED 02 01 596404
BERKSHIRE HATHAWAY CL B COM 084670207 2356 1002 SH
DEFINED 01 02 1002
BERKSHIRE HATHAWAY INC COM 084670108 3070 43 SH
DEFINED 01 02 43
BESTFOODS COM 08658u101 352 7500 SH
DEFINED 01 7500
BOEING COMPANY COM 097023105 354 10412 SH
DEFINED 02 01 10412
BP AMOCO PLC SPON ADR COM 055622104 1736 17192 SH
DEFINED 01 02 17192
BRISTOL MYERS SQUIBB CO COM 110122108 907 14152 SH
DEFINED 01 02 14152
CHASE MANHATTAN CORP NEW COM 16161a108 1389 17074 SH
DEFINED 02 01 17074
CHEVRON CORP COM 166751107 1876 21135 SH
DEFINED 01 02 21135
CISCO SYSTEMS INC COM 17275r102 2172 19823 SH
DEFINED 01 02 19823
COCA COLA CO COM 191216100 666 10850 SH
DEFINED 01 02 10850
COLGATE PALMOLIVE CO COM 194162103 304 3300 SH
DEFINED 01 02 3300
DATA DIMENSIONS INC COM 237654207 53 11400 SH
DEFINED 02 11400
DAYTON HUDSON COM 239753106 433 6500 SH
DEFINED 02 6500
DISNEY WALT COMPANY COM 254687106 1192 38290 SH
DEFINED 01 02 38290
DOW CHEMICAL CORP COM 260543103 342 3671 SH
DEFINED 01 02 3671
DU PONT E I DE NEMOURS CO COM 263534109 1212 20875 SH
DEFINED 01 02 20875
DUKE ENERGY CORP COM 264399106 250 4555 SH
DEFINED 02 4555
DUKE REALTY INVESTMTS NEW COM 264411505 1652 76820 SH
DEFINED 02 76820
EASTMAN KODAK COM 277461109 278 4360 SH
DEFINED 02 01 4360
EL PASO ENERGY CORP COM 283905107 231 7080 SH
DEFINED 02 7080
ELAN CORP PLC COM 284131208 565 8100 SH
DEFINED 01 02 8100
EMERSON ELEC CO COM 291011104 527 9954 SH
DEFINED 02 9954
ENRON CORP COM 293561106 369 5750 SH
DEFINED 02 5750
ERICSSON LM TEL SEK10B ADR COM 294821400 471 19800 SH
DEFINED 01 02 19800
EXXON CORP COM 302290101 7648 108384 SH
DEFINED 02 01 108384
FEDERAL NAT MORTGAGE ASSN COM 313586109 1748 25245 SH
DEFINED 01 02 25245
FIRST TR REIT VALUE SER 231 COM 30264n719 432 56500 SH
DEFINED 02 56500
FIRSTAR CORP COM 33763v109 267 2980 SH
DEFINED 02 2980
FLEET FINL GRP INC NEW COM 338915101 1058 28114 SH
DEFINED 02 01 28114
FREDDIE MAC COM 313400301 632 11020 SH
DEFINED 02 11020
GENERAL ELECTRIC COMPANY COM 369604103 13760 124380 SH
DEFINED 01 02 124380
GENERAL MILLS INC COM 370334104 341 4514 SH
DEFINED 02 01 4514
GENERAL MOTORS CORP COM 370442105 909 10450 SH
DEFINED 02 01 10450
GENIUS TECHNOLOGIES INC COM 372300103 4 40000 SH
DEFINED 02 40000
GENTEX CORP COM 371901109 2264 105000 SH
DEFINED 02 105000
GEORGIA PAC CORP COM 373298108 219 2950 SH
DEFINED 01 02 2950
GILLETTE CO COM 375766102 899 15120 SH
DEFINED 01 02 15120
GTE CORP COM 362320103 1108 18310 SH
DEFINED 02 01 18310
HARKEN ENERGY CRP COM 412552101 36 22000 SH
DEFINED 02 22000
HEALTHCARE REALTY TRUST COM 421946104 1282 67450 SH
DEFINED 02 67450
HEARX LTD. COM 422360107 35 69890 SH
DEFINED 02 69890
HEWLETT- PACKARD CO COM 428236103 285 4205 SH
DEFINED 01 02 4205
HOME DEPOT INC COM 437076102 7312 117460 SH
DEFINED 02 01 117460
HYSEQ INC COM 449163302 166 55350 SH
DEFINED 01 02 55350
INT'L BUSINESS MACHINES COM 459200101 4814 27158 SH
DEFINED 01 02 27158
INTEL CORP COM 458140100 2027 17050 SH
DEFINED 02 01 17050
JOHN HANCOCK BANK &T OPPTY COM 409735107 380 41620 SH
DEFINED 02 41620
JOHNSON & JOHNSON COM 478160104 3987 42645 SH
DEFINED 01 02 42645
KNIGHT RIDDER COM 499040103 3565 71305 SH
DEFINED 02 71305
LILLY ELI & CO COM 532457108 369 4350 SH
DEFINED 01 02 4350
LOWE'S COMPANIES, INC. COM 548661107 363 6000 SH
DEFINED 02 6000
LUCENT TECHNOLOGIES COM 549463107 1231 11397 SH
DEFINED 02 01 11397
MCDONALDS CORP COM 580135101 1334 29446 SH
DEFINED 01 02 29446
MCI WORLDCOM INC COM 55268b106 3273 36960 SH
DEFINED 02 01 36960
MEDIAONE GROUP COM 58440j104 16131 254290 SH
DEFINED 02 01 254290
MEDTRONIC, INC COM 585055106 528 7350 SH
DEFINED 01 02 7350
MERCK & CO COM 589331107 4040 50418 SH
DEFINED 01 02 50418
MICROSOFT CORP COM 594918104 4548 50749 SH
DEFINED 01 02 50749
MINNESOTA MNG & MFG CO COM 604059105 6642 93880 SH
DEFINED 01 02 93880
MOBIL CORP COM 607059102 4292 48776 SH
DEFINED 01 02 48776
MOLEX INC CL A NON VTG COM 608554200 305 11786 SH
DEFINED 01 02 11786
MONSANTO COMPANY COM 611662107 807 17567 SH
DEFINED 01 02 17567
MONTANA POWER CO COM 612085100 374 5090 SH
DEFINED 02 5090
MORGAN J P & CO INC COM 616880100 2325 18844 SH
DEFINED 01 02 18844
MORGAN STANLEY DEAN WITTER COM 617446448 237 2368 SH
DEFINED 02 2368
NATIONAL CITY CORP COM 635405103 523 7880 SH
DEFINED 02 7880
NEW CENTURY ENERGIES INC. COM 64352u103 303 8909 SH
DEFINED 02 8909
NORFOLK SOUTHERN CO COM 655844108 494 18720 SH
DEFINED 02 01 18720
NOVACARE INC COM 669930109 173 98796 SH
DEFINED 02 98796
NOVARTIS ADR COM 66987v109 404 5000 SH
DEFINED 02 5000
ORACLE CORP COM 68389x105 396 14998 SH
DEFINED 01 02 14998
ORBITAL SCIENCES CORP COM 685564106 3156 111225 SH
DEFINED 01 02 03 111225
PEPSICO INC COM 713448108 1448 36945 SH
DEFINED 01 02 36945
PFIZER INC COM 717081103 2385 17189 SH
DEFINED 01 02 17189
PHARMACIA & UPJOHN, INC. COM 716941109 203 3262 SH
DEFINED 02 3262
PHILIP MORRIS COS COM 718154107 948 26940 SH
DEFINED 02 01 26940
PROCTER & GAMBLE CO COM 742718109 1608 16414 SH
DEFINED 01 02 16414
QUAKER FABRIC CORP NEW COM 747399103 306 55000 SH
DEFINED 01 55000
QUAKER OATS CO COM 747402105 564 9067 SH
DEFINED 02 9067
RACING CHAMPIONS CORP COM 750069106 819 74500 SH
DEFINED 02 01 74500
ROYAL DUTCH PETE NY GLDR5 COM 780257804 1891 36375 SH
DEFINED 01 02 36375
SARA LEE CORP COM 803111103 322 13000 SH
DEFINED 01 02 13000
SBC COMMUNICATIONS PV$1 COM 78387g103 1284 27215 SH
DEFINED 02 01 27215
SCHLUMBERGER LTD COM 806857108 1386 23026 SH
DEFINED 02 01 23026
SCI SYSTEMS COM 783890106 664 22398 SH
DEFINED 02 22398
SERVICEMASTER COMPANY COM 81760n109 897 44143 SH
DEFINED 02 44143
SHERWIN WILLIAMS CO COM 824348106 689 24500 SH
DEFINED 02 24500
SIGMA ALDRICH CORP COM 826552101 257 8800 SH
DEFINED 02 8800
SYMBOL TECHNOLOGIES COM 871508107 267 5925 SH
DEFINED 02 5925
TEMPLE INLAND INC COM 879868107 235 3750 SH
DEFINED 02 3750
TEXACO INC COM 881694103 1014 17870 SH
DEFINED 02 01 17870
TEXTRON INC COM 883203101 411 5310 SH
DEFINED 02 5310
THERMO BIOANALYSIS CORP COM 88355h108 655 36000 SH
DEFINED 02 36000
THERMO CARDIOSYSTEMS INC COM 88355k200 569 71175 SH
DEFINED 01 02 71175
THERMO ELECTRON CORP COM 883556102 993 73190 SH
DEFINED 02 01 73190
THERMO INSTRUMENT SYSTEMS COM 883559106 648 44902 SH
DEFINED 02 44902
TIME WARNER INC COM 887315109 3791 53540 SH
DEFINED 02 53540
TYCO INT'L LTD NEW COM 902124106 225 3134 SH
DEFINED 01 02 3134
U S WEST INC (NEW) COM 91273h101 441 8005 SH
DEFINED 02 01 8005
UNUM CORP COM 903192102 533 11200 SH
DEFINED 02 11200
WAL MART STORES INC COM 931142103 1716 18615 SH
DEFINED 02 01 18615
WALGREEN COMPANY COM 931422109 243 8600 SH
DEFINED 01 02 8600
WARNER LAMBERT CO COM 934488107 1019 15379 SH
DEFINED 01 02 15379
WELLS FARGO & CO NEW COM 949746101 273 7800 SH
DEFINED 02 7800
WILLIAMS COMPANIES COM 969457100 237 6000 SH
DEFINED 02 6000
ALLIANCE CAP MGT L P PTR 018548107 1392 55000 SH
DEFINED 02 55000
KINDER MORGAN ENERGY PARTNERS PTR 494550106 975 28147 SH
DEFINED 02 28147
PIMCO ADVSR HLDGS LP PTR 69338p102 1601 50917 SH
DEFINED 02 50917
LATIN AMERICAN DISCOVERY FD CMF 51828c106 125 15200.00 SH
DEFINED 02 01 15200.00
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