UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 13F
FORM 13F COVER PAGE
Report for the 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: Cutler & Company, LLC
Address: 503 Airport Road
Medford, OR 97504
13F File number: 28-1384
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: Carol S. Fischer
Title: Chief Operating Officer
Phone: 541-770-9000
Signature, Place, and Date of Signing
/s/ Carol S. Fischer Medford, OR July 15, 1999
Report Type (Check only one.):
[X] 13F Holdings Report.
[ ] 13F Notice.
[ ] 13F Combination Report.
List of other Managers Reporting for this Manager: NONE
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: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 116
FORM 13F INFORMATION TABLE VALUE TOTAL: $1,230,868,000
LIST OF OTHER INCLUDED MANAGERS:
NO. 13F FILE NUMBER NAME
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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
- ------------------------------ ---------------- --------- -------- -------- ---
- ---- ------- ------------ -------- -------- --------
<C> <C> <C> <C> <C> <C>
<C> <C> <C> <C> <C> <C>
A T & T CORP. COM 001957109 47691 854489 SH
SOLE 787089 0 67400
ABBOTT LABORATORIES COM 002824100 34334 756670 SH
SOLE 682470 0 74200
ACE LTD ORD COM G0070K103 24533 868440 SH
SOLE 782990 0 85450
AETNA INC. COM 008117103 832 9300 SH
SOLE 9300 0 0
ALBERTSON'S INC. COM 013104104 2460 47700 SH
SOLE 47700 0 0
ALCOA INC COM COM 013817101 11243 181700 SH
SOLE 163550 0 18150
ALLSTATE CORP COM 020002101 10680 297705 SH
SOLE 267805 0 29900
AMER INT'L GROUP COM 026874107 6630 56550 SH
SOLE 56150 0 400
AMERICAN HOME PRODUCTS COM 026609107 1636 28520 SH
SOLE 28520 0 0
APPLE COMPUTER INC COM COM 037833100 1232 26600 SH
SOLE 26600 0 0
ARCHER-DANIELS-MIDLAND COM 039483102 155 10065 SH
SOLE 10065 0 0
ATLANTIC RICHFIELD CO. COM 048825103 19939 238615 SH
SOLE 220315 0 18300
AUTOMATIC DATA PROCESSING COM 053015103 6037 137200 SH
SOLE 136100 0 1100
AVERY DENNISON CORP COM COM 053611109 3689 61100 SH
SOLE 61100 0 0
BANK OF AMERICA COM 060505104 42397 578305 SH
SOLE 522755 0 55550
BANK ONE CORP COM COM 06423A103 2043 34300 SH
SOLE 34300 0 0
BELL ATLANTIC CORP COM 077853109 1087 16626 SH
SOLE 16626 0 0
BELLSOUTH CORP COM 079860102 14522 314850 SH
SOLE 313250 0 1600
BEMIS INC COM COM 081437105 1196 30100 SH
SOLE 30100 0 0
BESTFOODS COM 08658U101 856 17300 SH
SOLE 17300 0 0
BOEING COMPANY COM 097023105 1536 34900 SH
SOLE 34900 0 0
BP AMOCO ADS COM 055622104 258 2381 SH
SOLE 2381 0 0
BRISTOL MYERS SQUIBB COM 110122108 9585 136082 SH
SOLE 135482 0 600
CATERPILLAR, INC. COM 149123101 9964 166065 SH
SOLE 149415 0 16650
CHEVRON CORPORATION COM 166751107 4862 51150 SH
SOLE 44150 0 7000
CIGNA CORP. COM 125509109 534 6000 SH
SOLE 6000 0 0
CITIGROUP INC. COM 172967101 18415 387690 SH
SOLE 349415 0 38275
CMS ENERGY CORP COM COM 125896100 448 10700 SH
SOLE 10700 0 0
COLGATE-PALMOLIVE CO. COM 194162103 10500 213200 SH
SOLE 212200 0 1000
CONAGRA INC COM COM 205887102 34047 1278755 SH
SOLE 1158505 0 120250
CONSOLIDATED NATRL GAS COM 209615103 3001 49400 SH
SOLE 49400 0 0
COOPER INDS INC COM COM 216669101 920 17700 SH
SOLE 17700 0 0
CORNING INC. COM 219350105 9642 137500 SH
SOLE 137100 0 400
DAIMLERCHRYSLER AG ORD COM D1668R123 12798 143793 SH
SOLE 129443 0 14350
DOVER CORP COM 260003108 298 8500 SH
SOLE 8500 0 0
DOW CHEMICAL COMPANY COM 260543103 7460 58800 SH
SOLE 58400 0 400
DU PONT E.I. DE NEMOURS COM 263534109 38978 570580 SH
SOLE 514230 0 56350
DUKE POWER COMPANY COM 264399106 1462 26850 SH
SOLE 26850 0 0
ELECTRONIC DATA SYS CORP NEWCO COM 285661104 7121 125750 SH
SOLE 124850 0 900
ELI LILLY & CO. COM 532457108 860 12000 SH
SOLE 12000 0 0
EMERSON ELECTRIC CO. COM 291011104 31228 496170 SH
SOLE 448770 0 47400
ENGELHARD CORP COM COM 292845104 2509 110900 SH
SOLE 110900 0 0
EQUITABLE RES INC COM COM 294549100 970 25700 SH
SOLE 25700 0 0
FEDERAL HOME LN MTG CORP COM COM 313400301 348 6000 SH
SOLE 0 0 6000
FEDERAL NATL MTG ASSN COM COM 313586109 14056 205950 SH
SOLE 185650 0 20300
FIRST SEC CORP DEL COM COM 336294103 42468 1558470 SH
SOLE 1401020 0 157450
FIRST UNION CORP N.C. COM 337358105 1734 36800 SH
SOLE 36800 0 0
G T E CORPORATION COM 362320103 46656 617955 SH
SOLE 558405 0 59550
GANNETT COMPANY, INC. COM 364730101 35893 502875 SH
SOLE 452875 0 50000
GENERAL ELECTRIC CO COM 369604103 6365 56330 SH
SOLE 56330 0 0
GENERAL MILLS, INC. COM 370334104 1985 24700 SH
SOLE 24700 0 0
GOLF TRAINING SYS INC WT 03-09 WARRANT AND RIGH 38168F112 0 67000 SH
SOLE 0 0 67000
H.J. HEINZ CO. COM 423074103 1657 33050 SH
SOLE 33050 0 0
HALLIBURTON CO COM COM 406216101 4851 107200 SH
SOLE 107200 0 0
HERSHEY FOODS CORP COM 427866108 362 6100 SH
SOLE 6100 0 0
HEWLETT PACKARD COMPANY COM 428236103 52637 523750 SH
SOLE 479700 0 44050
HONEYWELL INC COM COM 438506107 14987 129341 SH
SOLE 120091 0 9250
HOUSEHOLD INTERNATIONAL COM 441815107 5124 108150 SH
SOLE 107650 0 500
ILLINOIS TOOL WORKS COM 452308109 5469 66900 SH
SOLE 66800 0 100
INTL BUSINESS MACHINES COM 459200101 44174 341775 SH
SOLE 307475 0 34300
INTL FLAVORS & FRAGRANC COM 459506101 1404 31900 SH
SOLE 31900 0 0
J.P.MORGAN & COMPANY COM 616880100 4637 33000 SH
SOLE 32800 0 200
JC PENNEY CO., INC. COM 708160106 2889 59500 SH
SOLE 59500 0 0
KERR MCGEE CORP COM COM 492386107 4356 86800 SH
SOLE 86800 0 0
KEYCORP COM 493267108 17304 538650 SH
SOLE 484900 0 53750
KIMBERLY-CLARK CORP COM 494368103 4648 81550 SH
SOLE 80950 0 600
KNIGHT RIDDER INC. COM 499040103 1110 20150 SH
SOLE 20150 0 0
LINCOLN NATIONAL CORP COM 534187109 2898 55400 SH
SOLE 55400 0 0
LUCENT TECHNOLOGIES INC COM COM 549463107 13053 193550 SH
SOLE 192150 0 1400
MARSH & MCLENNAN COS. COM 571748102 7251 95800 SH
SOLE 95400 0 400
MAY DEPT STORES CO COM 577778103 264 6450 SH
SOLE 6450 0 0
MCDONALDS CORP COM COM 580135101 11285 274400 SH
SOLE 272600 0 1800
MCGRAW-HILL COS. INC. COM 580645109 1564 29000 SH
SOLE 29000 0 0
MERRILL LYNCH TAX-EXEMPT FUND MUTUAL FUNDS 589908102 83 83447 SH
SOLE 83447 0 0
MERRILL LYNCH & CO. COM 590188108 7167 90150 SH
SOLE 90150 0 0
MOBIL CORPORATION COM 607059102 4187 42400 SH
SOLE 41400 0 1000
MONY GROUP INC COM COM 615337102 596 18260 SH
SOLE 18260 0 0
MOTOROLA, INC. COM 620076109 7144 75400 SH
SOLE 75400 0 0
NORFOLK SOUTHERN CORP COM 655844108 2842 94325 SH
SOLE 94325 0 0
NORTHERN STATES POWER COM 665772109 13176 544750 SH
SOLE 491800 0 52950
PARKER HANNIFIN CORP COM COM 701094104 2896 63300 SH
SOLE 63300 0 0
PECO ENERGY CO COM COM 693304107 12435 296960 SH
SOLE 272460 0 24500
PFIZER, INC. COM 717081103 6180 170100 SH
SOLE 168600 0 1500
PHILLIPS PETE CO COM COM 718507106 25763 512050 SH
SOLE 460550 0 51500
PITNEY-BOWES INC COM 724479100 3810 59300 SH
SOLE 58900 0 400
PNC BANK CORP. COM 693475105 18082 313780 SH
SOLE 283780 0 30000
PUBLIC SERVICE ENTERPRS COM 744573106 664 16280 SH
SOLE 16280 0 0
ROCKWELL INTL CORP NEW COM COM 773903109 6740 110950 SH
SOLE 110550 0 400
ROHM & HAAS COMPANY COM 775371107 23941 558390 SH
SOLE 505140 0 53250
RR DONNELLEY & SONS CO COM 257867101 226 6100 SH
SOLE 6100 0 0
SAFECO CORP COM COM 786429100 10705 242615 SH
SOLE 217665 0 24950
SARA LEE CORP. COM 803111103 1840 81100 SH
SOLE 81100 0 0
SBC COMMUNICATIONS INC COM 78387G103 41493 715400 SH
SOLE 666000 0 49400
SCHLUMBERGER LTD COM COM 806857108 1165 18300 SH
SOLE 18300 0 0
STATE STR CORP COM COM 857477103 777 9100 SH
SOLE 9100 0 0
SUNTRUST BKS INC COM COM 867914103 13628 196270 SH
SOLE 176570 0 19700
SYSCO CO COM 871829107 635 21300 SH
SOLE 21300 0 0
TELECOM BRASILEIRAS-TELEBRASAD FOREIGN COMMON S 879287308 39236 435960 SH
SOLE 392110 0 43850
TELECOMUNICACOES BRASILEIRASSP FOREIGN COMMON S 879287100 27 432615 SH
SOLE 393965 0 38650
TEXACO, INC. COM 881694103 10715 171785 SH
SOLE 154485 0 17300
TEXAS INSTRS INC COM COM 882508104 10526 73100 SH
SOLE 72600 0 500
THE CHASE MANHATTAN CORPORATIO COM 16161A108 33057 382160 SH
SOLE 344360 0 37800
TIMKEN CO COM COM 887389104 675 34600 SH
SOLE 34600 0 0
TRIBUNE CO. COM 896047107 1481 17000 SH
SOLE 17000 0 0
UNION PAC CORP COM COM 907818108 30906 530000 SH
SOLE 476050 0 53950
UNITED TECHNOLOGIES COM 913017109 17392 241550 SH
SOLE 226900 0 14650
UNOCAL CORP COM COM 915289102 9357 236130 SH
SOLE 212380 0 23750
US BANCORP DEL COM COM 902973106 28452 852500 SH
SOLE 766550 0 85950
WACHOVIA CORPORATION COM 929771103 10562 123445 SH
SOLE 110945 0 12500
WALGREEN CO. COM 931422109 12455 424000 SH
SOLE 421400 0 2600
WAL-MART STORES INC COM 931142103 14214 294600 SH
SOLE 293000 0 1600
WELLS FARGO NEW COM 949746101 1943 45450 SH
SOLE 45450 0 0
WESTVACO CORP. COM 961548104 1662 57300 SH
SOLE 57300 0 0
WEYERHAEUSER CO. COM 962166104 3633 52850 SH
SOLE 52850 0 0
WISCONSIN ENERGY CORP COM 976657106 719 28700 SH
SOLE 28700 0 0
XEROX CORP COM COM 984121103 5664 95900 SH
SOLE 95200 0 700
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