UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended: December 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: 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 January 3, 2000
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: 100
FORM 13F INFORMATION TABLE VALUE TOTAL: $1,231,134,000
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 47778 940277 SH
SOLE 826277 0 114000
ABBOTT LABORATORIES COM 002824100 39178 1078905 SH
SOLE 935805 0 143100
ACE LTD ORD COM G0070K103 17563 1052480 SH
SOLE 905530 0 146950
AETNA INC. COM 008117103 474 8500 SH
SOLE 8500 0 0
ALCOA INC COM COM 013817101 18014 217040 SH
SOLE 185490 0 31550
ALLSTATE CORP COM 020002101 10094 419504 SH
SOLE 367304 0 52200
ALZA CORP COM COM 022615108 1427 41200 SH
SOLE 41200 0 0
AMER INT'L GROUP COM 026874107 6747 62396 SH
SOLE 62096 0 300
AMERICAN HOME PRODUCTS COM 026609107 1119 28520 SH
SOLE 28520 0 0
APPLE COMPUTER INC COM COM 037833100 3259 31700 SH
SOLE 31700 0 0
ATLANTIC RICHFIELD CO. COM 048825103 21794 251955 SH
SOLE 221055 0 30900
AUTOMATIC DATA PROCESSING COM 053015103 6344 117750 SH
SOLE 117250 0 500
BANK OF AMERICA COM 060505104 38594 768999 SH
SOLE 672899 0 96100
BANK ONE CORP COM COM 06423A103 1542 48200 SH
SOLE 48200 0 0
BELL ATLANTIC CORP COM 077853109 1024 16626 SH
SOLE 16626 0 0
BELLSOUTH CORP COM 079860102 11389 243300 SH
SOLE 242200 0 1100
BESTFOODS COM 08658U101 909 17300 SH
SOLE 17300 0 0
BOEING COMPANY COM 097023105 203 4900 SH
SOLE 4900 0 0
BP AMOCO ADS COM 055622104 1018 17162 SH
SOLE 17162 0 0
BRISTOL MYERS SQUIBB COM 110122108 8485 132190 SH
SOLE 131790 0 400
CATERPILLAR, INC. COM 149123101 15499 329325 SH
SOLE 281075 0 48250
CHEVRON CORPORATION COM 166751107 2473 28550 SH
SOLE 21550 0 7000
CIGNA CORP. COM 125509109 483 6000 SH
SOLE 6000 0 0
CISCO SYS INC COM COM 17275R102 214 2000 SH
SOLE 2000 0 0
CITIGROUP INC. COM 172967101 17501 314265 SH
SOLE 268515 0 45750
CMS ENERGY CORP COM COM 125896100 334 10700 SH
SOLE 10700 0 0
COLUMBIA ENERGY GROUP COM COM 197648108 689 10900 SH
SOLE 10900 0 0
CONAGRA INC COM COM 205887102 19492 859165 SH
SOLE 746715 0 112450
CONOCO INC CL A COM 208251306 702 28370 SH
SOLE 28370 0 0
CONOCO INC CL B COM 208251405 18060 726013 SH
SOLE 618078 0 107936
CORNING INC. COM 219350105 13242 102700 SH
SOLE 102300 0 400
DAIMLERCHRYSLER AG ORD COM D1668R123 16045 205705 SH
SOLE 175355 0 30350
DOVER CORP COM 260003108 386 8500 SH
SOLE 8500 0 0
DOW CHEMICAL COMPANY COM 260543103 6908 51700 SH
SOLE 51600 0 100
DU PONT E.I. DE NEMOURS COM 263534109 39312 596768 SH
SOLE 511628 0 85140
ELECTRONIC DATA SYS CORP NEWCO COM 285661104 6670 99650 SH
SOLE 99250 0 400
ELI LILLY & CO. COM 532457108 6587 99050 SH
SOLE 98250 0 800
EMERSON ELECTRIC CO. COM 291011104 45190 787619 SH
SOLE 686019 0 101600
EXXON CORPORATION COM 30231G102 2996 37184 SH
SOLE 35864 0 1320
FEDERAL NATL MTG ASSN COM COM 313586109 34122 546503 SH
SOLE 466553 0 79950
FIRST SEC CORP DEL COM COM 336294103 37605 1472915 SH
SOLE 1257665 0 215250
FIRST UNION CORP N.C. COM 337358105 754 22900 SH
SOLE 22900 0 0
G T E CORPORATION COM 362320103 40274 570750 SH
SOLE 494400 0 76350
GANNETT COMPANY, INC. COM 364730101 43921 538495 SH
SOLE 461095 0 77400
GENERAL ELECTRIC CO COM 369604103 4991 32254 SH
SOLE 32254 0 0
GENERAL MILLS, INC. COM 370334104 2388 66800 SH
SOLE 66800 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 1248 31350 SH
SOLE 31350 0 0
HERSHEY FOODS CORP COM 427866108 7165 151050 SH
SOLE 130050 0 21000
HEWLETT PACKARD COMPANY COM 428236103 60811 534598 SH
SOLE 474598 0 60000
HONEYWELL INTERNATIONAL, INC. COM 438516106 18874 327178 SH
SOLE 295859 0 31319
HOUSEHOLD INTERNATIONAL COM 441815107 3151 84600 SH
SOLE 84200 0 400
ILLINOIS TOOL WORKS COM 452308109 4463 66050 SH
SOLE 65950 0 100
INTL BUSINESS MACHINES COM 459200101 31679 293665 SH
SOLE 254815 0 38850
J.P.MORGAN & COMPANY COM 616880100 3261 25750 SH
SOLE 25650 0 100
KIMBERLY-CLARK CORP COM 494368103 21538 329145 SH
SOLE 290495 0 38650
KNIGHT RIDDER INC. COM 499040103 1689 28350 SH
SOLE 28350 0 0
KROGER CO COM COM 501044101 1710 90600 SH
SOLE 90600 0 0
LINCOLN NATIONAL CORP COM 534187109 808 20200 SH
SOLE 20200 0 0
LUCENT TECHNOLOGIES INC COM COM 549463107 10246 136607 SH
SOLE 135907 0 700
MARSH & MCLENNAN COS. COM 571748102 6411 67000 SH
SOLE 66900 0 100
MATTEL INC COM COM 577081102 2544 193800 SH
SOLE 193800 0 0
MCDONALDS CORP COM COM 580135101 8609 213550 SH
SOLE 212550 0 1000
MCGRAW-HILL COS. INC. COM 580645109 961 15600 SH
SOLE 15600 0 0
MERCK & COMPANY, INC. COM 589331107 1737 25850 SH
SOLE 25650 0 200
MERRILL LYNCH TAX-EXEMPT FUND MUTUAL FUNDS 589908102 85 84782 SH
SOLE 84782 0 0
MERRILL LYNCH & CO. COM 590188108 6353 76250 SH
SOLE 76250 0 0
MOTOROLA, INC. COM 620076109 14224 96600 SH
SOLE 96300 0 300
NORFOLK SOUTHERN CORP COM 655844108 300 14625 SH
SOLE 14625 0 0
NORTHERN STATES POWER COM 665772109 18938 971185 SH
SOLE 844085 0 127100
PECO ENERGY CO COM COM 693304107 16120 463880 SH
SOLE 409830 0 54050
PHILLIPS PETE CO COM COM 718507106 23921 508965 SH
SOLE 434615 0 74350
PITNEY-BOWES INC COM 724479100 2462 50950 SH
SOLE 50850 0 100
PNC BANK CORP. COM 693475105 16607 373180 SH
SOLE 321180 0 52000
PUBLIC SERVICE ENTERPRS COM 744573106 567 16280 SH
SOLE 16280 0 0
ROCKWELL INTL CORP NEW COM COM 773903109 4615 96400 SH
SOLE 96100 0 300
ROHM & HAAS COMPANY COM 775371107 27119 666527 SH
SOLE 574977 0 91550
SAFECO CORP COM COM 786429100 18373 738630 SH
SOLE 632780 0 105850
SARA LEE CORP. COM 803111103 2546 115400 SH
SOLE 115400 0 0
SBC COMMUNICATIONS INC COM 78387G103 29451 604126 SH
SOLE 547804 0 56322
STATE STR CORP COM COM 857477103 365 5000 SH
SOLE 5000 0 0
SUNTRUST BKS INC COM COM 867914103 22423 325850 SH
SOLE 280200 0 45650
TELECOM BRASILEIRAS-TELEBRASAD FOREIGN COMMON S 879287308 44014 341860 SH
SOLE 298860 0 43000
TELLABS INC COM COM 879664100 1682 26200 SH
SOLE 26200 0 0
TEXACO, INC. COM 881694103 15983 294270 SH
SOLE 251620 0 42650
TEXAS INSTRS INC COM COM 882508104 11725 121350 SH
SOLE 120850 0 500
THE CHASE MANHATTAN CORPORATIO COM 16161A108 13620 175320 SH
SOLE 151670 0 23650
TJX COS INC NEW COM COM 872540109 394 19300 SH
SOLE 19300 0 0
TRIBUNE CO. COM 896047107 1151 20900 SH
SOLE 20900 0 0
UNION PAC CORP COM COM 907818108 26331 602710 SH
SOLE 515960 0 86750
UNITED TECHNOLOGIES COM 913017109 24419 375675 SH
SOLE 336725 0 38950
UNOCAL CORP COM COM 915289102 446 13300 SH
SOLE 13300 0 0
US BANCORP DEL COM COM 902973106 24328 1021655 SH
SOLE 873305 0 148350
WACHOVIA CORPORATION COM 929771103 9947 146275 SH
SOLE 125175 0 21100
WALGREEN CO. COM 931422109 2375 81200 SH
SOLE 80500 0 700
WAL-MART STORES INC COM 931142103 16065 232400 SH
SOLE 231200 0 1200
WELLS FARGO NEW COM 949746101 2509 62050 SH
SOLE 62050 0 0
WESTVACO CORP. COM 961548104 11857 363420 SH
SOLE 310370 0 53050
WEYERHAEUSER CO. COM 962166104 7300 101650 SH
SOLE 101350 0 300
XEROX CORP COM COM 984121103 11821 521025 SH
SOLE 449875 0 71150
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