UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 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: Sovereign Asset Management Corporation
Address: 101 Huntington Street
Boston, MA 02199
13F File Number: 801-42023
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 is, 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: John F. Snyder, III
Title: Executive Vice President
Phone: (610)993-9883
Signature, Place, and Date of Signing:
/s/John F. Snyder, III Berwyn, PA April 21, 1999
- --------------------------------------------------------------------------------
Signature Place Date
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: None
Form 13F information table entry total:
Form 13F information table value total:
List of other included managers:
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No. 13F File number Name
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Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
Title of Cusip Fair Shrs/Prin Inv Discretion Voting Authority (Shrs)
Name of Issuer Class Number Market Value Amount Sole Shrd Othr Mgr A-Sole B-Shrd C-None
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ABBOTT LABS COM 2824100 11,936,064 254,976 X 01 73,436 0 181,540
AFLAC CORP COM 1055102 6,405,661 117,670 X 01 28,030 0 89,640
AIR PRODUCTS & CHEM INC COM 9158106 1,883,271 54,986 X 01 2,950 0 52,036
ALBERTSONS INC COM 13104104 9,129,985 167,715 X 01 45,085 0 122,630
ALLTEL COM 20039103 2,532,986 40,609 X 01 2,209 0 38,400
AMERICAN HOME PRODS CORP COM 26609107 1,838,223 28,172 X 01 9,917 0 18,255
AMERICAN INTL GROUP INC COM 26874107 12,321,603 102,148 X 01 35,191 0 66,957
AMERITECH CORP COM 30954101 5,010,321 86,947 X 01 31,414 0 55,533
AMP INC COM 31897101 270,175 5,050 X 01 0 0 5,050
ARCHER DANIELS MIDLAND COM 39483102 333,068 22,677 X 01 4,047 0 18,630
AT&T CORP COM 1957109 1,123,521 14,077 X 01 185 0 13,892
ATLANTIC RICHFIELD CO COM 48825103 239,850 3,280 X 01 600 0 2,680
AUTO DATA PROCESSING COM 53015103 10,808,184 261,225 X 01 66,693 0 194,532
BANK OF NEW YORK COM 64057102 215,625 6,000 X 01 0 0 6,000
BANK ONE CORP COM 06423A103 6,134,568 111,411 X 01 9,359 0 102,052
BANKAMERICA CORPORATION COM 06605F102 8,457,556 119,753 X 01 41,471 0 78,282
BAXTER INTL INC COM 71813109 15,535,542 235,387 X 01 68,271 0 167,116
BBT CORPORATION COM 54937107 525,877 14,532 X 01 8,750 0 5,782
BECTON DICKINSON & CO COM 75887109 7,605,338 198,508 X 01 70,922 0 127,586
BELL ATLANTIC CORP COM 77853109 7,304,891 141,328 X 01 47,136 0 94,192
BELLSOUTH CORP COM 79860102 575,939 14,376 X 01 540 0 13,836
BEMIS INC COM 81437105 7,251,789 233,458 X 01 63,806 0 169,652
BEST FOODS COM 08658U101 4,916,905 104,615 X 01 23,225 0 81,390
BRISTOL MYERS SQUIBB COM 110122108 15,499,910 241,714 X 01 64,409 0 177,305
CENTURY TELEPHONE ENTERPRI COM 156686107 5,430,676 77,305 X 01 29,265 0 48,040
CHESTER VALLEY BANK COM 166335109 770,278 42,207 X 01 1,335 0 40,872
CHEVRON CORPORATION COM 166751107 5,042,509 56,817 X 01 18,862 0 37,955
CHUBB CORPORATION COM 171232101 662,635 11,315 X 01 5,700 0 5,615
CISCO SYSTEMS INC COM 17275R102 405,381 3,700 X 01 100 0 3,600
CITIGROUP INC COM 172967101 13,593,686 212,817 X 01 68,143 0 144,674
COCA-COLA COMPANY COM 191216100 262,133 4,271 X 01 1,546 0 2,725
COLGATE PALMOLIVE COM 194162103 254,380 2,765 X 01 1,045 0 1,720
COMPAQ COMPUTER CORP COM 204493100 356,484 11,250 X 01 0 0 11,250
CONOCO INC-CL A COM 208251306 265,275 10,800 X 01 0 0 10,800
DAYTON HUDSON CORP COM 239753106 14,607,198 219,245 X 01 72,699 0 146,546
DOVER CORPORATION COM 260003108 3,100,902 94,324 X 01 4,890 0 89,434
DU PONT E I DE NEMOURS COM 263534109 4,809,607 82,835 X 01 4,575 0 78,260
DUKE POWER CO COM 264399106 1,159,558 21,155 X 01 1,155 0 20,000
ECOLAB INC COM 278865100 1,677,375 47,250 X 01 4,100 0 43,150
ELECTRONIC DATA SYSTEMS CO COM 285661104 331,659 6,812 X 01 0 0 6,812
EMC CORPORATION COM 268648102 360,894 2,825 X 01 100 0 2,725
EMERSON ELEC COM 291011104 11,091,306 209,517 X 01 58,979 0 150,538
EXXON CORP COM 302290101 2,733,027 38,732 X 01 6,926 0 31,806
FEDERAL NATL MTG ASSN COM 313586109 5,499,489 79,415 X 01 4,400 0 75,015
FIRST AMERICAN CORPORATION COM 318900107 429,594 11,650 X 01 1,100 0 10,550
FIRST TENNESEE NATL CORP COM 337162101 5,481,627 149,669 X 01 55,487 0 94,182
FIRST UNION CORP COM 337358105 11,672,246 218,428 X 01 54,575 0 163,853
FLOWERS INDUSTRIES INC COM 343496105 221,625 9,000 X 01 2,000 0 7,000
GANNETT COMPANY COM 364730101 12,943,413 205,451 X 01 51,420 0 154,031
GENERAL ELEC CO COM 369604103 16,127,023 145,781 X 01 19,324 0 126,457
GENERAL MLS INC COM 370334104 1,755,317 23,230 X 01 13,850 0 9,380
GILLETTE COM 375766102 215,164 3,620 X 01 2,720 0 900
GRAINGER (W.W.) INC COM 384802104 4,645,841 107,886 X 01 2,350 0 105,536
GTE CORP COM 362320103 497,189 8,218 X 01 630 0 7,588
HASBRO INC COM 418056107 11,505,593 397,602 X 01 136,555 0 261,047
HEWLETT PACKARD CO COM 428236103 6,598,970 97,312 X 01 28,424 0 68,888
HOME DEPOT INC. COM 437076102 13,163,212 211,457 X 01 62,293 0 149,164
HONEYWELL INC COM 438506107 8,172,967 107,805 X 01 17,685 0 90,120
HOUSEHOLD INTERNATIONAL IN COM 441815107 2,428,573 53,229 X 01 0 0 53,229
ILLINOIS TOOL WORKS INC COM 452308109 1,808,297 29,225 X 01 6,435 0 22,790
INTEL CORP COM 458140100 7,759,447 65,274 X 01 38,387 0 26,887
INTERNATIONAL BUSINESS MAC COM 459200101 1,088,315 6,140 X 01 1,746 0 4,394
INTERPUBLIC GROUP OF COMPA COM 460690100 15,132,436 194,317 X 01 49,189 0 145,128
JOHN WILEY & SONS COM 968223206 336,000 8,000 X 01 0 0 8,000
JOHNSON & JOHNSON COM 478160104 12,050,093 128,878 X 01 27,248 0 101,630
JOHNSON CONTROLS COM 478366107 3,359,829 53,865 X 01 165 0 53,700
KEY CORP COM 493267108 1,141,720 37,665 X 01 21,590 0 16,075
KIMBERLY CLARK CORP COM 494368103 694,662 14,491 X 01 8,045 0 6,446
LEGGETT & PLATT INC COM 524660107 9,371,160 468,558 X 01 139,060 0 329,498
LILLY ELI CO COM 532457108 247,580 2,917 X 01 295 0 2,622
LOWES COMPANIES COM 548661107 5,137,660 84,920 X 01 7,120 0 77,800
LUCENT TECHNOLOGIES INC COM 549463107 1,214,136 11,242 X 01 657 0 10,585
MASCO CORPORATION COM 574599106 12,483,816 441,905 X 01 109,994 0 331,911
MAY DEPT STORES COM 577778103 704,250 18,000 X 01 3,000 0 15,000
MCDONALDS CORP COM 580135101 7,455,991 164,546 X 01 73,358 0 91,188
MCGRAW-HILL COMPANIES INC COM 580645109 12,518,814 229,703 X 01 68,407 0 161,296
MCI WORLDCOM INC COM 98155K102 234,514 2,648 X 01 448 0 2,200
MEDTRONIC INC COM 585055106 3,031,472 42,177 X 01 19,415 0 22,762
MERCK & CO INC COM 589331107 5,989,905 74,757 X 01 18,480 0 56,277
MICROSOFT CORP COM 594918104 649,781 7,250 X 01 950 0 6,300
MINNESOTA MNG & MFG CO COM 604059105 5,750,914 81,285 X 01 19,514 0 61,771
MOBIL CORP COM 607059102 12,621,224 143,423 X 01 43,303 0 100,120
MOLEX INC COM 608554101 1,194,858 40,676 X 01 2,216 0 38,460
NABISCO HOLDINGS CORP CL A COM 629526104 241,063 5,800 X 01 0 0 5,800
NATIONAL FUEL GAS CO COM 636180101 2,115,575 53,900 X 01 1,500 0 52,400
PARKER HANNIFIN CORP COM 701094104 367,811 10,739 X 01 3,458 0 7,281
PENTAIR INC COM 709631105 9,204,300 272,720 X 01 84,947 0 187,773
PEPSICO INC COM 713448108 13,982,805 356,818 X 01 102,226 0 254,592
PFIZER INC COM 717081103 1,212,814 8,741 X 01 2,660 0 6,081
PHILIP MORRIS COS INC COM 718154107 4,921,922 139,877 X 01 34,926 0 104,951
PITNEY-BOWES INC COM 724479100 12,560,280 197,024 X 01 69,659 0 127,365
PNC BANK COM 693475105 295,481 5,318 X 01 0 0 5,318
PROCTER & GAMBLE CO COM 742718109 2,121,914 21,666 X 01 2,691 0 18,975
QUESTAR CORP COM 748356102 3,502,675 206,800 X 01 15,900 0 190,900
REGIONS FINANCIAL CORP COM 758940100 225,063 6,500 X 01 5,700 0 800
RELIASTAR FINANCIAL CORP COM 75952U103 12,024,470 282,099 X 01 89,949 0 192,150
ROYAL DUTCH ADR NY REG GL COM 780257804 2,732,080 52,540 X 01 7,000 0 45,540
RPM INC-OHIO COM 749685103 6,462,859 485,473 X 01 169,826 0 315,647
SARA LEE CORP COM 803111103 9,107,975 367,999 X 01 126,529 0 241,470
SBC COMMUNICATIONS INC COM 78387G103 6,012,773 127,423 X 01 46,138 0 81,285
SCHERING PLOUGH CORP COM 806605101 4,175,243 75,570 X 01 10,420 0 65,150
SIGMA-ALDRICH COM 826552101 3,393,322 116,011 X 01 9,535 0 106,476
SONOCO PRODUCTS CO COM 835495102 1,794,345 78,015 X 01 4,941 0 73,074
SUNTRUST BKS INC COM 867914103 4,149,274 66,655 X 01 1,795 0 64,860
SYSCO CORPORATION COM 871829107 15,645,334 594,597 X 01 166,488 0 428,109
TECO ENERGY INC COM 87237510 1,192,500 60,000 X 01 5,000 0 55,000
UNITED TECHNOLOGIES CORP COM 913017109 1,643,263 12,133 X 01 12,133 0 0
UNUM CORP COM 903192102 12,185,513 256,200 X 01 72,785 0 183,415
WAL MART STORES INC COM 931142103 10,028,802 108,787 X 01 26,401 0 82,386
WARNER LAMBERT CO COM 934488107 472,760 7,136 X 01 1,055 0 6,081
WELLS FARGO COMPANY COM 949746101 8,603,145 245,366 X 01 59,061 0 186,305
XEROX CORPORATION COM 984121103 371,756 7,132 X 01 132 0 7,000
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