UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or 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: Voyageur Asset Management LLC
Address: 90 South Seventh Street, Suite 4300
Minneapolis, MN 55402
13F File Number: 28-6284
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: Frank C. Tonnemaker
Title: CEO
Phone: (612) 376-7059
Signature, Place and Date of Signing:
/s/ Frank C. Tonnemaker Minneapolis, Minnesota Date: August 9, 1999
Frank C. Tonnemaker
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.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: None
Form 13F Information Table Entry Total: 69
Form 13F Information Table Value Total: $812,023,081
List of Other Included Managers: None
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FORM 13F
As/of June 30, 1999
Name of Reporting Manager: Voyageur Asset Management LLC
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Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8: Voting Authority
Invesment Discretion (Shares)
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Name of Issuer Title of Class Cusip Fair Market Shares of (a) (b) (c) Managers (a) (b) (c)
Number Value Principal Sole Share as Shared see Sole Shared None
Amt defined Other Instr. V
in Instr.V
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ADC Telecommuni- -Common Stock 000886101 9,602,402 210,750 X 202,850 - 7,900
cations
Abbott Labs ..... -Common Stock 002824100 26,747,837 589,484 X 528,564 - 60,920
Albertsons Inc .. -Common Stock 013104104 19,847,166 384,911 X 335,631 - 49,280
Allied Signal Inc -Common Stock 019512102 8,442,000 134,000 X 129,200 - 4,800
American Interna- -Common Stock 026874107 7,271,845 62,020 X 59,705 - 2,315
tional Group Inc
Anheuser Busch .. -Common Stock 035229103 27,035,607 381,116 X 343,796 - 37,320
Associates First -Common Stock 046008108 7,461,538 169,100 X 163,100 - 6,000
Capital
AT&T Corp. ..... -Common Stock 001957109 5,793,613 103,804 X 100,354 - 3,450
Automatic Data . -Common Stock 53015103 21,936,904 498,566 X 450,376 - 48,190
Processing
Baker Hughes Inc -Common Stock 057224107 1,810,675 54,050 X 52,500 - 1,550
Bankamerica Corp -Common Stock 066050105 4,910,651 66,982 X 64,835 - 2,147
Bellsouth Corp . -Common Stock 079860102 9,100,463 197,300 X 191,550 - 5,750
Bemis .......... -Common Stock 081437105 20,354,663 512,067 X 458,867 - 53,200
Bristol Meyers ... -Common Stock 110122108 7,015,625 99,600 X 94,600 - 5,000
Cisco Systems Inc. -Common Stock 17275R102 13,109,911 203,450 X 196,000 - 7,450
Clear Channel .... -Common Stock 184502102 5,327,184 77,275 X 74,575 - 2,700
Communications
Computer Sciences -Common Stock 205363104 7,183,444 103,825 X 101,475 - 2,350
Corp
Compuware Corp ... -Common Stock 205638109 0 0 X 0 0
ConAgra Inc ...... -Common Stock 205887102 21,391,430 803,434 X 725,124 - 78,310
Duke Energy ...... -Common Stock 264399106 3,554,801 65,300 X 63,700 - 1,600
Corporation
EMC Corp./ Mass ... -Common Stock 268648102 6,479,550 117,810 X 113,260 - 4,550
Electronic Data ... -Common Stock 285661104 0 0 X 0 - 0
Systems
Emerson Electric .. -Common Stock 291011104 4,326,988 68,750 X 65,725 - 3,025
Exxon Corp ........ -Common Stock 302290101 8,640,314 112,030 X 102,680 - 9,350
Fannie Mae ........ -Common Stock 313586109 6,251,700 91,600 X 88,150 - 3,450
Gannett Company ... -Common Stock 364730101 21,243,484 297,632 X 264,462 - 33,170
General Electric Co -Common Stock 369604103 11,843,530 104,810 X 99,585 - 5,225
Genuine Parts ..... -Common Stock 372460105 20,226,220 577,892 X 515,792 - 62,100
Grainger WW Inc ... -Common Stock 384802104 21,786,354 404,853 X 366,583 - 38,270
Heller Financial -Common Stk P0 423328103 3,991,166 143,500 X 137,650 - 5,850
Inc
Hewlett Packard -Common Stock 428236103 29,291,429 291,457 X 259,677 - 31,780
Home Depot Inc -Common Stock 437076102 5,261,363 81,650 X 78,850 - 2,800
Honeywell Inc . -Common Stock 438506107 3,059,100 26,400 X 26,400 - 0
Illinois Tool . -Common Stock 452308109 26,983,223 330,070 X 300,310 - 29,760
Works
Infinity Broad -Common Stock 45662S102 6,026,418 203,850 X 195,650 - 8,200
casting CP New
Intel Corp .... -Common Stock 458140100 24,812,095 417,010 X 376,650 - 40,360
Keycorp - New . -Common Stock 493267108 18,988,252 591,074 X 528,304 - 62,770
Johnson & ..... -Common Stock 478160104 10,280,396 104,902 X 101,702 - 3,200
Johnson Co
Lowe's Company -Common Stock 548661107 5,884,214 103,800 X 99,900 - 3,900
May Department -Common Stock 577778103 0 0 X 0 - 0
Stores Co
McDonalds Corp ... -Common Stock 580135101 518,998 12,620 X 1,220 - 11,400
Medtronic Inc ......-Common Stock 585055106 5,068,105 65,080 X 61,825 - 3,255
Merck & Co .........-Common Stock 589331107 28,278,405 384,087 X 349,147 - 34,940
Merrill Lynch & Co .-Common Stock 590188108 6,656,138 83,725 X 81,075 - 2,650
Microsoft Corp. ....-Common Stock 594918104 3,855,537 42,750 X 39,950 - 2,800
Morgan Stanley .....-Common Stock 617446448 6,827,128 66,525 X 64,275 - 2,250
Dean Witter Discover
New York Times ... -Common Stock 650111107 3,445,697 93,600 X 90,550 - 3,050
Class A
Omnicom Group, Inc -Common Stock 681919106 8,168,000 102,100 X 98,750 - 3,350
Oracle Systems ... -Common Stock 68389X105 4,514,400 121,600 X 118,200 - 3,400
Corporation
Parametric ....... -Common Stock 699173100 2,145,769 154,650 X 149,500 - 5,150
Technology Corp
Pepsi Bottling ... -Common Stock 713409100 2,270,875 98,200 X 96,200 - 2,000
Group
Pepsico Inc .... -Common Stock 713448108 4,021,618 103,950 X 98,400 - 5,550
Philip Morris .. -Common Stock 718154107 31,914,175 794,122 X 745,342 - 48,780
Procter & Gamble -Common Stock 742718109 3,168,375 35,500 X 34,225 - 1,275
Providian ...... -Common Stock 74406A102 9,014,478 96,670 X 93,200 - 3,470
Financial Corp
Royal Dutch .... -Common Stk P2 780257804 22,545,128 374,193 X 337,823 - 36,370
Petroleum
Schering Plough -Common Stock 806605101 27,481,178 523,451 X 476,011 - 47,440
Corp
Shell Trans & .... -Common Stock 822703609 22,797,069 491,581 X 441,001 - 50,580
New York Trading
PLC Sh
Sherwin Williams . -Common Stock 824348106 19,262,552 694,146 X 620,856 - 73,290
Sigma-Aldrich .... -Common Stock 826552101 21,979,640 638,238 X 577,978 - 60,260
Southtrust ....... -Common Stock 844730101 20,157,313 525,272 X 468,947 - 56,325
Corporation
Sysco Corporation -Common Stock 871829107 22,472,699 779,950 X 690,020 - 89,930
Tellabs Inc ...... -Common Stk P0 879664100 6,961,016 103,030 X 98,880 - 4,150
U S Bancorp ...... -Common Stock 902973106 1,960,448 58,740 X 600 - 58,140
US Foodservice Inc -Common Stk P0 90331R101 3,392,950 79,600 X 76,850 - 2,750
UST Inc .......... -Common Stock 902911106 18,271,936 623,339 X 576,369 - 46,970
United Interna- - -Common Stock 910734102 6,711,781 99,250 X 96,660 - 2,590
tional Hldgs A
Vitesse Semi- ......-Common Stock 928497106 5,813,156 86,200 X 82,250 - 3,950
Conductor Corp
Walmart Stores .....-Common Stock 931142103 29,074,968 602,590 X 544,440 - 58,150
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