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United States Securities and Exchange Commission
Washington, DC 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 2000
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: Cypress Asset Management
Address: 2929 Allen Parkway, Suite 2200
Houston, TX 77019
13F File Number: 28-5956
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: Will Garwood
Title: President
Phone: 713-512-2100
Signature, Place, and Date of Signing:
/s/ Will Garwood
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Report Type (check only one):
[ X ] 13F HOLDINGS REPORT; (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 121
Form 13F Information Value Total (thousands): 503,699
Confidential Information has been omitted from the public Form 13F and filed
separately with the Commission.
List of Other Included Managers None
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FORM 13F
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(SEC USE ONLY)
Page 1 of 1 09/30/00 Name of Reporting Manager: CYPRESS ASSET MANAGEMENT, INC.
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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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A T & T COM 001957109 1389 47289 SH SOLE 37939 9350
ABBOTT LABS COM 002824100 8496 178618 SH SOLE 148048 30570
AETHER SYSTEMS INC COM 00808v105 605 5730 SH SOLE 4610 1120
AFLAC INC COM 001055102 320 5000 SH SOLE 5000
AGILENT TECH. COM 00846u101 760 15529 SH SOLE 12056 3473
ALLSTATE COM 020002101 1179 33920 SH SOLE 28220 5700
ALTERA COM 021441100 2469 51700 SH SOLE 30600 21100
ALZA CL A COM 022615108 1243 14367 SH SOLE 13867 500
AMER EXPRESS COM 025816109 495 8150 SH SOLE 5150 3000
AMER GENERAL COM 026351106 11162 143103 SH SOLE 121753 21350
AMER HOME PROD COM 026609107 8290 146557 SH SOLE 121537 25020
AMER INTL GROUP COM 026874107 13621 142353 SH SOLE 120665 21688
AMER PWR CONVERSION COM 029066107 286 14890 SH SOLE 14090 800
AMERICA ONLINE COM 02364J104 325 6040 SH SOLE 5440 600
AMGEN COM 031162100 2431 34810 SH SOLE 29730 5080
ANALOG DEVICES COM 032654105 20434 247500 SH SOLE 209255 38245
APPLIED MATERIALS COM 038222105 5748 96915 SH SOLE 82950 13965
ASSOCIATES FIRST CAP COM 046008108 257 6766 SH SOLE 6766
ATMEL CORP. COM 049513104 253 16660 SH SOLE 16660
BANK OF AMERICA COM 06605F102 4472 85388 SH SOLE 68448 16940
BANK OF NEW YORK COM 064057102 7334 130825 SH SOLE 107675 23150
BANK ONE COM 06423A103 1141 29550 SH SOLE 27200 2350
BERKSHIRE HATHAWAY CL B COM 084670207 2896 1399 SH SOLE 1133 266
BMC SOFTWARE COM 055921100 1190 62235 SH SOLE 43485 18750
BP AMOCO COM 055622104 297 5608 SH SOLE 4658 950
BRISTOL-MYERS COM 110122108 4970 87000 SH SOLE 70589 16411
BURLINGTON RESRS COM 122014103 2522 68505 SH SOLE 54355 14150
CABLEVISION SYS COM 12686C109 265 4000 SH SOLE 4000
CHASE MANHATTAN COM 16161A108 564 12208 SH SOLE 11974 234
CHEVRON COM 166751107 753 8829 SH SOLE 8829
CISCO SYSTEMS COM 17275R102 11239 203423 SH SOLE 170687 32736
CITIGROUP COM 172967101 20366 376703 SH SOLE 311055 65648
COCA-COLA COM 191216100 9580 173779 SH SOLE 145769 28010
COSTCO WHOLESALE COM 22160K105 568 16250 SH SOLE 15150 1100
CYPRESS SEMI. COM 232806109 479 11525 SH SOLE 10825 700
DIAGEO PLC ADR COM 25243Q205 352 9955 SH SOLE 3955 6000
DISNEY, WALT COM 254687106 8381 219115 SH SOLE 186752 32363
EDS COM 285661104 1827 44025 SH SOLE 36725 7300
EMC COM 268648102 3925 39598 SH SOLE 29412 10186
EMERSON ELECTRIC COM 291011104 1868 27875 SH SOLE 19725 8150
ERICSSON COM 294821400 647 43675 SH SOLE 14675 29000
EXODUS COMM. INC. COM 302088109 254 5140 SH SOLE 5140
EXXON MOBIL CORP COM 30231g102 4112 46143 SH SOLE 42841 3302
FANNIE MAE COM 313586109 4484 62714 SH SOLE 49589 13125
FEDEX CORP COM 31428X106 219 4950 SH SOLE 4350 600
FIRST INVESTORS FINCL SVCS COM 32058A101 77 19999 SH SOLE 19999
FLEXTRONICS INTL COM Y2573F102 314 3825 SH SOLE 2525 1300
FOREST LABS COM 345838106 459 4000 SH SOLE 4000
FREDDIE MAC COM 313400301 432 8000 SH SOLE 7150 850
GENERAL ELECTRIC COM 369604103 18858 326892 SH SOLE 282067 44825
GILLETTE COM 375766102 660 21385 SH SOLE 19885 1500
GLOBAL CROSSING COM G3921A100 4122 132965 SH SOLE 116770 16195
GOLDMAN SACHS COM 38141g104 654 5740 SH SOLE 5230 510
GUIDANT COM 401698105 5214 73765 SH SOLE 59100 14665
HEWLETT PACKARD COM 428236103 8301 85575 SH SOLE 70025 15550
HOME DEPOT COM 437076102 280 5271 SH SOLE 4971 300
HONEYWELL INTL. COM 438516106 1987 55770 SH SOLE 47945 7825
HUBBELL CL B COM 443510201 217 8650 SH SOLE 3000 5650
IBM COM 459200101 11566 102811 SH SOLE 84851 17960
INTEL COM 458140100 7952 191315 SH SOLE 166861 24454
JOHNSON & JOHN COM 478160104 10575 112575 SH SOLE 91894 20681
KERR-MC GEE COM 492386107 517 7811 SH SOLE 7811
KLA TENCOR COM 482480100 232 5625 SH SOLE 5625
KROGER COM 501044101 226 10000 SH SOLE 10000
KYOCERA CORP ADR COM 501556203 526 3498 SH SOLE 2968 530
LILLY, ELI COM 532457108 1754 21620 SH SOLE 17575 4045
LINEAR TECH COM 535678106 4758 73485 SH SOLE 64935 8550
LSI LOGIC COM 502161102 314 10750 SH SOLE 8300 2450
LUCENT TECH COM 549463107 5952 194763 SH SOLE 165530 29233
MARSH MC LENNAN COM 571748102 319 2405 SH SOLE 2325 80
MBIA COM 55262C100 288 4050 SH SOLE 2550 1500
MBNA COM 55262L100 431 11205 SH SOLE 11205
MEDTRONIC COM 585055106 2109 40699 SH SOLE 36849 3850
MELLON FINANCIAL COM 58551A108 2467 53200 SH SOLE 44000 9200
MERCK COM 589331107 10445 140319 SH SOLE 122029 18290
MERRILL LYNCH COM 590188108 4068 61640 SH SOLE 48840 12800
MICROSOFT COM 594918104 4906 81339 SH SOLE 67404 13935
MINN MINING&MFG COM 604059105 749 8215 SH SOLE 7065 1150
MOLEX COM 608554101 1290 23706 SH SOLE 19894 3812
MOLEX CL A COM 608554200 9789 236226 SH SOLE 197590 38636
MORGAN STANLEY DEAN WITTER COM 617446448 12344 134994 SH SOLE 117742 17252
MOTOROLA COM 620076109 6735 238423 SH SOLE 186988 51435
NATIONAL CITY COM 635405103 210 9500 SH SOLE 9500
NATL SEMI. COM 637640103 373 9270 SH SOLE 9270
NOKIA ADR COM 654902204 9957 250095 SH SOLE 209865 40230
NORTEL COM 656569100 232 3890 SH SOLE 3090 800
ORACLE COM 68389X105 431 5475 SH SOLE 5475
PAINE WEBBER COM 695629105 204 3000 SH SOLE 3000
PALM,INC COM 696642107 790 14917 SH SOLE 14217 700
PEPSICO COM 713448108 9631 209365 SH SOLE 168585 40780
PFIZER COM 717081103 16764 373059 SH SOLE 320301 52758
PHARMACIA CORP COM 611662107 3788 62940 SH SOLE 52195 10745
PROCTER GAMBLE COM 742718109 7087 105779 SH SOLE 88104 17675
QWEST COMM INTL COM 749121109 726 15097 SH SOLE 13659 1438
RIVIANA FOODS COM 769536103 234 14000 SH SOLE 14000
ROYAL DUTCH COM 780257804 5655 94352 SH SOLE 80377 13975
SABRE HLDGS CORP COM 785905100 304 10500 SH SOLE 6500 4000
SBC COMM COM 78387G103 3611 72218 SH SOLE 61896 10322
SCHERING PLOUGH COM 806605101 5966 128300 SH SOLE 104785 23515
SEAGATE TECH COM 811804103 201 2920 SH SOLE 2020 900
SMITH KLINE BEECHAM COM 832378301 682 9945 SH SOLE 9620 325
SOLECTRON COM 834182107 1213 26305 SH SOLE 19505 6800
SONERA CORP. COM 835433202 537 21260 SH SOLE 20190 1070
SONY COM 835699307 5428 53775 SH SOLE 45495 8280
ST JUDE MEDICAL COM 790849103 357 7000 SH SOLE 7000
SUN MICROSYSTEMS COM 866810104 325 2788 SH SOLE 2350 438
SUNGARD DATA SYSTEMS COM 867363103 657 15345 SH SOLE 15045 300
TAIWAN SEMI. COM 874039100 314 15420 SH SOLE 11720 3700
TARGET CORP. COM 239753106 4099 159971 SH SOLE 138596 21375
TEXACO COM 881694103 1495 28467 SH SOLE 22667 5800
TEXAS INSTRMTS COM 882508104 17184 364157 SH SOLE 308972 55185
TIME WARNER COM 887315109 11693 149430 SH SOLE 129055 20375
UNILEVER NV COM 904784709 2130 44151 SH SOLE 38201 5950
VERIZON COMMUNICATIONS COM 92343v104 4505 93010 SH SOLE 76622 16388
VIACOM CL B COM 925524308 11720 200336 SH SOLE 171241 29095
VODAFONE GROUP COM 92857t107 4475 120955 SH SOLE 103105 17850
WAL-MART COM 931142103 9451 196389 SH SOLE 166004 30385
WALGREEN COM 931422109 461 12153 SH SOLE 11503 650
WELLS FARGO COM 949746101 697 15175 SH SOLE 15175
WM WRIGLEY COM 982526105 294 3925 SH SOLE 3925
XILINX COM 983919101 30407 355113 SH SOLE 300728 54385
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