FORM 13F
Report for the Calendar Year or Quarter Ended: September 30, 1999
Check here if Amendment [X]; Amendment Number: 1
This Amendment (Check only one.): [X] 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 October 15, 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.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 4
Form 13F Information Table Entry Total: 160
Form 13F Information Table Value Total: $290,366,000
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 vonHemert
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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 61 75000 PRN
DEFINED 02 75000
ARCHSTONE COMM'TY TR SER A CPR 039581202 266 10000 SH
DEFINED 02 10000
MEDIAONE GROUP PFD CONV D CPR 58440j203 18647 138127 SH
DEFINED 02 04 01 138127
ABBOTT LABS COM 002824100 1154 31450 SH
DEFINED 04 02 31450
ALCOA INC. COM 013817101 422 6800 SH
DEFINED 01 02 6800
AMERICA ONLINE, INC. COM 02364j104 5355 51460 SH
DEFINED 01 02 04 51460
AMERICA SERVICE GROUP INC COM 02364l109 698 51725 SH
DEFINED 02 51725
AMERICAN EXPRESS CO COM 025816109 4221 31270 SH
DEFINED 01 02 31270
AMERICAN GENERAL CORP COM 026351106 335 5300 SH
DEFINED 02 5300
AMERICAN HOME PRODS CORP COM 026609107 1630 39267 SH
DEFINED 02 04 01 39267
AMERICAN INT'L GROUP COM 026874107 12304 141529 SH
DEFINED 04 01 02 03 141529
AMERICAN TOWER CORP CL A COM 029912201 1492 76025 SH
DEFINED 01 02 03 76025
AMERICAN WATER WORKS, INC. COM 030411102 243 8400 SH
DEFINED 02 04 8400
AMERITECH CORP NEW COM 030954101 753 11281 SH
DEFINED 02 04 11281
AMGEN COM 031162100 970 11900 SH
DEFINED 02 11900
AMLI RESIDENTIAL PPTYS SBI COM 001735109 521 24800 SH
DEFINED 02 24800
ANADARKO PETROLEUM CORP COM 032511107 1063 34788 SH
DEFINED 01 02 04 34788
AT HOME CP COM SER A COM 045919107 545 13157 SH
DEFINED 01 02 03 13157
AT&T CORP COM 001957109 2813 64676 SH
DEFINED 02 03 04 01 64676
AT&T LIBERTY MEDIA A COM 001957208 1348 36135 SH
DEFINED 02 01 36135
ATLANTIC RICHFIELD CO COM 048825103 1147 12944 SH
DEFINED 04 02 01 12944
AUTOMATIC DATA PROCESSING COM 053015103 2789 62490 SH
DEFINED 04 01 02 62490
BANK OF AMERICA CORP COM 060505104 296 5323 SH
DEFINED 02 5323
BANK OF NEW YORK CO INC COM 064057102 498 14900 SH
DEFINED 04 01 14900
BANK RHODE ISLAND COM 064576101 304 30000 SH
DEFINED 02 30000
BANKBOSTON CORP COM 06605r106 2583 59548 SH
DEFINED 04 02 03 59548
BAXTER INTL INC COM 071813109 272 4510 SH
DEFINED 04 02 4510
BELL ATLANTIC CORP COM 077853109 941 13978 SH
DEFINED 02 04 01 13978
BELLSOUTH CORP COM 079860102 921 20457 SH
DEFINED 02 01 04 20457
BELO, A.H. CORP DEL $1.67 CL A COM 080555105 14754 771476 SH
DEFINED 02 04 01 771476
BERKSHIRE HATHAWAY CL B COM 084670207 2134 1150 SH
DEFINED 01 02 04 1150
BERKSHIRE HATHAWAY INC COM 084670108 2530 46 SH
DEFINED 01 02 46
BESTFOODS COM 08658u101 716 14745 SH
DEFINED 04 01 14745
BOEING COMPANY COM 097023105 662 15524 SH
DEFINED 01 02 04 15524
BP AMOCO PLC SPON ADR COM 055622104 2118 19110 SH
DEFINED 01 02 04 19110
BRISTOL MYERS SQUIBB CO COM 110122108 1279 18944 SH
DEFINED 04 01 02 18944
CARDINAL HEALTH INC COM 14149y108 372 6821 SH
DEFINED 04 02 6821
CHASE MANHATTAN CORP NEW COM 16161a108 1439 19089 SH
DEFINED 04 02 01 19089
CHEVRON CORP COM 166751107 1889 21281 SH
DEFINED 01 02 04 21281
CISCO SYSTEMS INC COM 17275r102 4201 61275 SH
DEFINED 04 01 02 03 61275
COCA COLA CO COM 191216100 651 13483 SH
DEFINED 01 02 04 13483
COLGATE PALMOLIVE CO COM 194162103 320 7000 SH
DEFINED 01 02 04 7000
COMCAST CORP SP CLASS A COM 200300200 239 5990 SH
DEFINED 02 5990
COMPAQ COMPUTER COM 204493100 920 40235 SH
DEFINED 01 04 02 40235
CONEXANT SYS INC COM 207142100 1136 15631 SH
DEFINED 04 15631
CONVERGYS CORP COM 212485106 388 19575 SH
DEFINED 04 19575
DAYTON HUDSON COM 239753106 591 9848 SH
DEFINED 04 02 9848
DELPHI AUTOMOTIVE SYSTEMS COM 247126105 316 19643 SH
DEFINED 02 04 01 19643
DISNEY WALT COMPANY COM 254687106 1214 46708 SH
DEFINED 04 01 02 46708
DOW CHEMICAL CORP COM 260543103 409 3603 SH
DEFINED 01 02 3603
DU PONT E I DE NEMOURS CO COM 263534109 1330 21980 SH
DEFINED 01 02 04 21980
DUKE ENERGY CORP COM 264399106 251 4555 SH
DEFINED 02 4555
DUKE REALTY INVESTMTS NEW COM 264411505 1599 82020 SH
DEFINED 02 03 82020
EASTMAN KODAK COM 277461109 339 4485 SH
DEFINED 04 02 01 4485
EL PASO ENERGY CORP COM 283905107 285 7080 SH
DEFINED 02 7080
ELAN CORP PLC COM 284131208 1242 37015 SH
DEFINED 01 02 03 04 37015
EMC CORP MASS COM 268648102 282 3945 SH
DEFINED 04 02 3945
EMERSON ELEC CO COM 291011104 651 10304 SH
DEFINED 02 04 10304
ENRON CORP COM 293561106 509 12400 SH
DEFINED 02 04 12400
ERICSSON LM TEL SEK10B ADR COM 294821400 651 20835 SH
DEFINED 01 02 04 20835
EXXON CORP COM 302290101 8607 113250 SH
DEFINED 02 01 04 113250
FEDERAL NAT MORTGAGE ASSN COM 313586109 2056 32797 SH
DEFINED 04 01 02 32797
FIRSTAR CORP COM 33763v109 302 11791 SH
DEFINED 02 11791
FLEET BOSTON CORP COM 33901a108 1837 50150 SH
DEFINED 04 02 01 50150
FORD MOTOR COMPANY COM 345370100 317 6315 SH
DEFINED 04 02 01 6315
FREDDIE MAC COM 313400301 573 11020 SH
DEFINED 02 11020
GENERAL ELECTRIC COMPANY COM 369604103 16064 135491 SH
DEFINED 04 01 02 03 135491
GENERAL MILLS INC COM 370334104 431 5307 SH
DEFINED 02 04 01 5307
GENERAL MOTORS CORP COM 370442105 681 10825 SH
DEFINED 02 04 01 10825
GENTEX CORP COM 371901109 2642 127900 SH
DEFINED 02 03 127900
GEORGIA PAC CORP COM 373298108 260 6430 SH
DEFINED 04 01 02 6430
GILLETTE CO COM 375766102 369 10870 SH
DEFINED 04 02 01 10870
GTE CORP COM 362320103 1538 20010 SH
DEFINED 02 04 01 20010
HALLIBURTON CO COM 406216101 325 7928 SH
DEFINED 01 04 7928
HARKEN ENERGY CRP COM 412552101 30 27000 SH
DEFINED 02 27000
HEALTHCARE REALTY TRUST COM 421946104 1230 65600 SH
DEFINED 02 03 65600
HEWLETT- PACKARD CO COM 428236103 2319 25555 SH
DEFINED 04 01 02 25555
HOME DEPOT INC COM 437076102 8407 122503 SH
DEFINED 04 02 03 01 122503
HONEYWELL INC COM 438506107 1635 14685 SH
DEFINED 02 03 01 14685
HYSEQ INC COM 449163302 294 59550 SH
DEFINED 02 59550
INGERSOLL-RAND COM 456866102 327 5952 SH
DEFINED 04 02 5952
INT'L BUSINESS MACHINES COM 459200101 6978 57667 SH
DEFINED 01 02 03 04 57667
INTEL CORP COM 458140100 6337 85278 SH
DEFINED 02 04 01 85278
INTERNATIONAL PAPER CO COM 460146103 680 14140 SH
DEFINED 01 02 04 14140
INTERPUBLIC GROUP OF COMPANIES COM 460690100 218 5300 SH
DEFINED 04 02 5300
INTUIT COM 461202103 719 8200 SH
DEFINED 02 04 8200
JOHN HANCOCK BANK &T OPPTY COM 409735107 350 41220 SH
DEFINED 02 41220
JOHNSON & JOHNSON COM 478160104 5053 54997 SH
DEFINED 04 01 02 54997
JOHNSTON INDS INC COM 479368102 97 40000 SH
DEFINED 01 40000
KIMBERLY-CLARK COM 494368103 251 4765 SH
DEFINED 01 04 02 4765
KNIGHT RIDDER COM 499040103 3920 71269 SH
DEFINED 02 71269
LILLY ELI & CO COM 532457108 379 5904 SH
DEFINED 04 01 02 5904
LOWE'S COMPANIES, INC. COM 548661107 292 6000 SH
DEFINED 02 6000
LUCENT TECHNOLOGIES COM 549463107 1853 28570 SH
DEFINED 02 01 04 28570
MCDONALDS CORP COM 580135101 1858 42971 SH
DEFINED 04 01 02 42971
MCI WORLDCOM INC COM 55268b106 3567 49625 SH
DEFINED 04 01 02 03 49625
MEDIAONE GROUP COM 58440j104 19968 292310 SH
DEFINED 02 04 01 292310
MEDTRONIC, INC COM 585055106 544 15300 SH
DEFINED 01 02 15300
MERCK & CO COM 589331107 5363 82752 SH
DEFINED 04 01 02 03 82752
MERITOR AUTOMOTIVE COM 59000g100 208 9964 SH
DEFINED 04 9964
MGM GRAND INC COM 591610100 309 6041 SH
DEFINED 04 6041
MICROSOFT CORP COM 594918104 5255 58026 SH
DEFINED 01 02 04 58026
MINNESOTA MNG & MFG CO COM 604059105 9870 102750 SH
DEFINED 01 02 04 102750
MOBIL CORP COM 607059102 5795 57518 SH
DEFINED 01 02 03 04 57518
MONSANTO COMPANY COM 611662107 664 18608 SH
DEFINED 01 02 04 18608
MONTANA POWER CO COM 612085100 310 10180 SH
DEFINED 02 10180
MORGAN J P & CO INC COM 616880100 2224 19469 SH
DEFINED 01 02 04 19469
MORGAN STANLEY DEAN WITTER COM 617446448 211 2368 SH
DEFINED 02 2368
MOTOROLA INC COM 620076109 208 2369 SH
DEFINED 04 02 2369
NATIONAL CITY CORP COM 635405103 327 12260 SH
DEFINED 02 12260
NATIONAL SEMICONDUCTOR COM 637640103 306 10000 SH
DEFINED 02 04 10000
NEOMAGIC COM 640497103 79 10200 SH
DEFINED 04 10200
NEW CENTURY ENERGIES INC. COM 64352u103 261 7809 SH
DEFINED 02 7809
NORFOLK SOUTHERN CO COM 655844108 481 19620 SH
DEFINED 02 01 19620
NOVACARE INC COM 669930109 117 98796 SH
DEFINED 02 98796
ORACLE CORP COM 68389x105 2737 60153 SH
DEFINED 04 01 02 60153
ORBITAL SCIENCES CORP COM 685564106 1686 96325 SH
DEFINED 01 02 96325
PENNSYLVANIA ENTERPRISES COM 708720107 201 6200 SH
DEFINED 02 6200
PEPSICO INC COM 713448108 1681 55120 SH
DEFINED 04 01 02 55120
PFIZER INC COM 717081103 3298 91926 SH
DEFINED 01 02 03 04 91926
PHARMACIA & UPJOHN, INC. COM 716941109 1777 35812 SH
DEFINED 02 04 35812
PHILIP MORRIS COS COM 718154107 752 22010 SH
DEFINED 02 01 22010
PROCTER & GAMBLE CO COM 742718109 2298 24509 SH
DEFINED 01 02 04 24509
QUAKER FABRIC CORP NEW COM 747399103 241 55000 SH
DEFINED 01 55000
QUAKER OATS CO COM 747402105 561 9067 SH
DEFINED 02 9067
QUALCOMM, INC. COM 747525103 255 1350 SH
DEFINED 02 1350
RACING CHAMPIONS CORP COM 750069106 580 101950 SH
DEFINED 02 101950
ROCKWELL INTL COM 773903109 1444 27500 SH
DEFINED 04 27500
ROYAL DUTCH PETE NY GLDR5 COM 780257804 3018 51107 SH
DEFINED 04 01 02 51107
SARA LEE CORP COM 803111103 622 26624 SH
DEFINED 04 01 02 26624
SBC COMMUNICATIONS PV$1 COM 78387g103 1391 27251 SH
DEFINED 02 01 04 27251
SCHLUMBERGER LTD COM 806857108 2028 32551 SH
DEFINED 04 02 01 32551
SCI SYSTEMS COM 783890106 995 22398 SH
DEFINED 02 22398
SCIENTIFIC GAMES COM 808747109 446 22600 SH
DEFINED 04 22600
SERVICEMASTER COMPANY COM 81760n109 484 30143 SH
DEFINED 02 30143
SHERWIN WILLIAMS CO COM 824348106 449 21465 SH
DEFINED 04 02 21465
SIGMA ALDRICH CORP COM 826552101 279 8800 SH
DEFINED 02 8800
SUN MICROSYSTEM INC COM 866810104 218 2340 SH
DEFINED 02 04 01 2340
SYBRON INT'L CORP COM 87114f106 249 9250 SH
DEFINED 04 9250
SYMBOL TECHNOLOGIES COM 871508107 299 8887 SH
DEFINED 02 8887
TEMPLE INLAND INC COM 879868107 229 3750 SH
DEFINED 02 3750
TEXACO INC COM 881694103 1332 21095 SH
DEFINED 02 01 21095
TEXTRON INC COM 883203101 419 5410 SH
DEFINED 02 04 5410
THERMO BIOANALYSIS CORP COM 88355h108 643 35000 SH
DEFINED 02 35000
THERMO CARDIOSYSTEMS INC COM 88355k200 418 58725 SH
DEFINED 01 02 58725
THERMO ELECTRON CORP COM 883556102 690 51325 SH
DEFINED 04 02 01 51325
THERMO INSTRUMENT SYSTEMS COM 883559106 452 42306 SH
DEFINED 02 42306
TIME WARNER INC COM 887315109 3289 54140 SH
DEFINED 02 54140
TYCO INT'L LTD NEW COM 902124106 567 5489 SH
DEFINED 04 01 02 5489
U S WEST INC (NEW) COM 91273h101 577 10108 SH
DEFINED 02 04 01 10108
UNUMPROVIDENT CORP COM COM 91529y106 363 12325 SH
DEFINED 04 02 12325
VODAFONE GROUP PUBLIC CO COM 92857t107 413 1736 SH
DEFINED 02 04 1736
WAL MART STORES INC COM 931142103 1434 30150 SH
DEFINED 04 02 01 30150
WARNER LAMBERT CO COM 934488107 1057 15929 SH
DEFINED 01 02 15929
WELLS FARGO & CO NEW COM 949746101 549 13850 SH
DEFINED 04 02 13850
WEYERHAEUSER CO COM 962166104 225 3900 SH
DEFINED 04 02 3900
WILLIAMS COMPANIES COM 969457100 226 6000 SH
DEFINED 02 6000
ALLIANCE CAP MGT L P PTR 018548107 1375 50100 SH
DEFINED 02 50100
KINDER MORGAN ENERGY PARTNERS PTR 494550106 1207 27860 SH
DEFINED 02 27860
PIMCO ADVSR HLDGS LP PTR 69338p102 1604 50917 SH
DEFINED 02 50917
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