UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended: September 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 October 5, 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.
<PAGE>
FORM 13F SUMMARY PAGE
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 130
FORM 13F INFORMATION TABLE VALUE TOTAL: $1,190,955,000
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 44786 1029554 SH
SOLE 911304 0 118250
ABBOTT LABORATORIES COM 002824100 35205 959580 SH
SOLE 828380 0 131200
ACE LTD ORD COM G0070K103 16651 983110 SH
SOLE 849260 0 133850
AETNA INC. COM 008117103 571 11600 SH
SOLE 11600 0 0
ALBERTSON'S INC. COM 013104104 5674 143421 SH
SOLE 143421 0 0
ALCOA INC COM COM 013817101 12745 205365 SH
SOLE 175915 0 29450
ALLSTATE CORP COM 020002101 8625 345854 SH
SOLE 297554 0 48300
AMER INT'L GROUP COM 026874107 5411 62237 SH
SOLE 61737 0 500
AMERICAN HOME PRODUCTS COM 026609107 1300 31320 SH
SOLE 31320 0 0
AMERITECH CORP. COM 030954101 1509 22600 SH
SOLE 16200 0 6400
ANHEUSER-BUSCH COS. COM 035229103 308 4400 SH
SOLE 0 0 4400
APPLE COMPUTER INC COM COM 037833100 2241 35400 SH
SOLE 35400 0 0
ATLANTIC RICHFIELD CO. COM 048825103 22486 253720 SH
SOLE 225020 0 28700
AUTOMATIC DATA PROCESSING COM 053015103 5806 130100 SH
SOLE 129000 0 1100
AVERY DENNISON CORP COM COM 053611109 3223 61100 SH
SOLE 61100 0 0
BANK OF AMERICA COM 060505104 36641 657983 SH
SOLE 570883 0 87100
BANK ONE CORP COM COM 06423A103 1751 50300 SH
SOLE 50300 0 0
BELL ATLANTIC CORP COM 077853109 1522 22616 SH
SOLE 16626 0 5990
BELLSOUTH CORP COM 079860102 13552 301150 SH
SOLE 299550 0 1600
BEMIS INC COM COM 081437105 1020 30100 SH
SOLE 30100 0 0
BESTFOODS COM 08658U101 792 16300 SH
SOLE 16300 0 0
BOEING COMPANY COM 097023105 1475 34600 SH
SOLE 34600 0 0
BP AMOCO ADS COM 055622104 1485 13401 SH
SOLE 10225 0 3176
BRISTOL MYERS SQUIBB COM 110122108 8862 131282 SH
SOLE 130682 0 600
BURLINGTON NORTHN SANTA FE COM COM 12189T104 220 8000 SH
SOLE 8000 0 0
CATERPILLAR, INC. COM 149123101 17040 310875 SH
SOLE 266125 0 44750
CHEVRON CORPORATION COM 166751107 4495 50650 SH
SOLE 43650 0 7000
CIGNA CORP. COM 125509109 669 8600 SH
SOLE 8600 0 0
CITIGROUP INC. COM 172967101 16744 380556 SH
SOLE 325556 0 55000
CMS ENERGY CORP COM COM 125896100 343 10100 SH
SOLE 10100 0 0
COLGATE-PALMOLIVE CO. COM 194162103 8880 194100 SH
SOLE 193100 0 1000
COLUMBIA ENERGY GROUP COM COM 197648108 604 10900 SH
SOLE 10900 0 0
COMPUSA INC COM COM 204932107 70 11650 SH
SOLE 11650 0 0
CONAGRA INC COM COM 205887102 22940 1016750 SH
SOLE 883000 0 133750
CONOCO INC CL A COM 208251306 1093 39400 SH
SOLE 39400 0 0
CONOCO INC CL B COM 208251405 15912 581254 SH
SOLE 506487 0 74767
CONSOLIDATED NATRL GAS COM 209615103 2152 34500 SH
SOLE 34500 0 0
COOPER INDS INC COM COM 216669101 781 16700 SH
SOLE 16700 0 0
CORNING INC. COM 219350105 8563 124900 SH
SOLE 124500 0 400
DAIMLERCHRYSLER AG ORD COM D1668R123 13522 194730 SH
SOLE 166380 0 28350
DELTA AIR LINES INC DEL COM COM 247361108 272 5600 SH
SOLE 5600 0 0
DOVER CORP COM 260003108 327 8000 SH
SOLE 8000 0 0
DOW CHEMICAL COMPANY COM 260543103 6443 56700 SH
SOLE 56300 0 400
DU PONT E.I. DE NEMOURS COM 263534109 29570 488764 SH
SOLE 419251 0 69513
DUKE POWER COMPANY COM 264399106 1596 28950 SH
SOLE 28950 0 0
ELECTRONIC DATA SYS CORP NEWCO COM 285661104 5969 112750 SH
SOLE 111850 0 900
ELI LILLY & CO. COM 532457108 770 12000 SH
SOLE 12000 0 0
EMERSON ELECTRIC CO. COM 291011104 38105 603039 SH
SOLE 521539 0 81500
ENGELHARD CORP COM COM 292845104 2024 110900 SH
SOLE 110900 0 0
EQUITABLE RES INC COM COM 294549100 972 25700 SH
SOLE 25700 0 0
EXXON CORPORATION COM 302290101 471 6200 SH
SOLE 2200 0 4000
FEDERAL HOME LN MTG CORP COM COM 313400301 312 6000 SH
SOLE 0 0 6000
FEDERAL NATL MTG ASSN COM COM 313586109 28351 452253 SH
SOLE 389653 0 62600
FIRST SEC CORP DEL COM COM 336294103 41774 1756585 SH
SOLE 1506485 0 250100
FIRST UNION CORP N.C. COM 337358105 780 21900 SH
SOLE 21900 0 0
FORTUNE BRANDS INC COM 349631101 235 7280 SH
SOLE 7280 0 0
G T E CORPORATION COM 362320103 45822 596065 SH
SOLE 517165 0 78900
GANNETT COMPANY, INC. COM 364730101 38846 561460 SH
SOLE 481060 0 80400
GENERAL ELECTRIC CO COM 369604103 5967 50330 SH
SOLE 50330 0 0
GENERAL MILLS, INC. COM 370334104 2685 33100 SH
SOLE 33100 0 0
GOLF TRAINING SYS INC WT 03-09 WARRANT AND RIGH 38168F112 0 67000 SH
SOLE 0 0 67000
GRAINGER W.W INC COM 384802104 288 6000 SH
SOLE 6000 0 0
H.J. HEINZ CO. COM 423074103 1662 38650 SH
SOLE 38650 0 0
HALLIBURTON CO COM COM 406216101 590 14400 SH
SOLE 14400 0 0
HEALTHSOUTH CORP COM COM 421924101 82 13450 SH
SOLE 13450 0 0
HERSHEY FOODS CORP COM 427866108 282 5800 SH
SOLE 5800 0 0
HEWLETT PACKARD COMPANY COM 428236103 39916 439848 SH
SOLE 390198 0 49650
HONEYWELL INC COM COM 438506107 14890 133769 SH
SOLE 121919 0 11850
HOUSEHOLD INTERNATIONAL COM 441815107 3738 93150 SH
SOLE 92650 0 500
ILLINOIS TOOL WORKS COM 452308109 4899 65700 SH
SOLE 65600 0 100
IMPERIAL CHEM INDS PLC ADR NEW COM 452704505 205 4750 SH
SOLE 4750 0 0
INTL BUSINESS MACHINES COM 459200101 30320 250575 SH
SOLE 218125 0 32450
INTL FLAVORS & FRAGRANC COM 459506101 1101 31900 SH
SOLE 31900 0 0
J.P.MORGAN & COMPANY COM 616880100 3645 31900 SH
SOLE 31700 0 200
JC PENNEY CO., INC. COM 708160106 2321 67265 SH
SOLE 67265 0 0
KEYCORP COM 493267108 3424 132655 SH
SOLE 114005 0 18650
KIMBERLY-CLARK CORP COM 494368103 16810 318665 SH
SOLE 282265 0 36400
KNIGHT RIDDER INC. COM 499040103 1471 26750 SH
SOLE 26750 0 0
LINCOLN NATIONAL CORP COM 534187109 1961 52200 SH
SOLE 52200 0 0
LUCENT TECHNOLOGIES INC COM COM 549463107 10941 168650 SH
SOLE 167250 0 1400
MARSH & MCLENNAN COS. COM 571748102 6740 98400 SH
SOLE 92900 0 5500
MATTEL INC COM COM 577081102 1683 88600 SH
SOLE 88600 0 0
MCDONALDS CORP COM COM 580135101 11236 259800 SH
SOLE 258000 0 1800
MCGRAW-HILL COS. INC. COM 580645109 1364 28200 SH
SOLE 28200 0 0
MEDIAONE GROUP INC COM COM 58440J104 506 7400 SH
SOLE 7400 0 0
MERRILL LYNCH TAX-EXEMPT FUND MUTUAL FUNDS 589908102 84 84100 SH
SOLE 84100 0 0
MERRILL LYNCH & CO. COM 590188108 5498 81600 SH
SOLE 81600 0 0
MOBIL CORPORATION COM 607059102 4413 43800 SH
SOLE 39600 0 4200
MONY GROUP INC COM COM 615337102 527 18260 SH
SOLE 18260 0 0
MOTOROLA, INC. COM 620076109 5720 65000 SH
SOLE 65000 0 0
NABISCO GROUP HLDG CORP COM COM 62952P102 170 11300 SH
SOLE 11300 0 0
NORFOLK SOUTHERN CORP COM 655844108 2311 94325 SH
SOLE 94325 0 0
NORTHERN STATES POWER COM 665772109 17597 816105 SH
SOLE 699255 0 116850
PARKER HANNIFIN CORP COM COM 701094104 2837 63300 SH
SOLE 63300 0 0
PECO ENERGY CO COM COM 693304107 14984 399585 SH
SOLE 349235 0 50350
PHILIP MORRIS COS., INC COM 718154107 291 8500 SH
SOLE 8500 0 0
PHILLIPS PETE CO COM COM 718507106 18458 378630 SH
SOLE 331530 0 47100
PITNEY-BOWES INC COM 724479100 3260 53500 SH
SOLE 53100 0 400
PNC BANK CORP. COM 693475105 18554 352160 SH
SOLE 303560 0 48600
PRAXAIR INC COM COM 74005P104 207 4500 SH
SOLE 4500 0 0
PUBLIC SERVICE ENTERPRS COM 744573106 629 16280 SH
SOLE 16280 0 0
ROCKWELL INTL CORP NEW COM COM 773903109 5300 100950 SH
SOLE 100550 0 400
ROHM & HAAS COMPANY COM 775371107 24230 670717 SH
SOLE 586767 0 83950
SAFECO CORP COM COM 786429100 9722 347200 SH
SOLE 296950 0 50250
SARA LEE CORP. COM 803111103 2569 109900 SH
SOLE 109900 0 0
SBC COMMUNICATIONS INC COM 78387G103 32695 640285 SH
SOLE 584085 0 56200
SCHLUMBERGER LTD COM COM 806857108 1140 18300 SH
SOLE 18300 0 0
STATE STR CORP COM COM 857477103 653 10100 SH
SOLE 10100 0 0
SUNTRUST BKS INC COM COM 867914103 20133 306200 SH
SOLE 265200 0 41000
SYSCO CO COM 871829107 705 20100 SH
SOLE 20100 0 0
TELECOM BRASILEIRAS-TELEBRASAD FOREIGN COMMON S 879287308 33345 449095 SH
SOLE 392895 0 56200
TELECOMUNICACOES BRASILEIRASSP FOREIGN COMMON S 879287100 13 423115 SH
SOLE 393965 0 29150
TEXACO, INC. COM 881694103 9830 155730 SH
SOLE 133430 0 22300
TEXAS INSTRS INC COM COM 882508104 11137 135400 SH
SOLE 134400 0 1000
THE CHASE MANHATTAN CORPORATIO COM 16161A108 26958 357655 SH
SOLE 307055 0 50600
TIME WARNER INC COM COM 887315109 225 3700 SH
SOLE 3700 0 0
TIMKEN CO COM COM 887389104 558 34600 SH
SOLE 34600 0 0
TRIBUNE CO. COM 896047107 1274 25600 SH
SOLE 25600 0 0
U S WEST INC NEW COM COM 91273H101 280 4900 SH
SOLE 0 0 4900
UNION PAC CORP COM COM 907818108 28668 596465 SH
SOLE 511415 0 85050
UNITED TECHNOLOGIES COM 913017109 22748 383530 SH
SOLE 345380 0 38150
US BANCORP DEL COM COM 902973106 28881 956705 SH
SOLE 822255 0 134450
WACHOVIA CORPORATION COM 929771103 10873 138290 SH
SOLE 118390 0 19900
WALGREEN CO. COM 931422109 9693 382000 SH
SOLE 379400 0 2600
WAL-MART STORES INC COM 931142103 12728 267600 SH
SOLE 266000 0 1600
WELLS FARGO NEW COM 949746101 2716 68550 SH
SOLE 68550 0 0
WESTVACO CORP. COM 961548104 10243 399730 SH
SOLE 350430 0 49300
WEYERHAEUSER CO. COM 962166104 7765 134750 SH
SOLE 134050 0 700
WISCONSIN ENERGY CORP COM 976657106 673 28700 SH
SOLE 28700 0 0
XEROX CORP COM COM 984121103 20625 491800 SH
SOLE 432650 0 59150
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