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, 2000
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: April 27, 2000
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: 101
Form 13F Information Table Value Total: $803,971,969
List of Other Included Managers: None
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FORM 13F
As of March 31, 2000
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
Invesment Discretion Authority (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 in Other Instr. V
Instr.V
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ADC Telecommuni -Common Stock 000886101 1,632,413 30,300 X 26,550 - 3,750
cations
Abbott Labs -Common Stock 002824100 24,185,064 687,310 X 289,970 - 397,340
AES Corporation -Common Stock 00130H105 12,844,913 163,110 X 144,010 - 19,100
Aflac Inc -Common Stock 001055102 8,625,304 189,305 X 180,265 - 9,040
Albertsons Inc -Common Stock 013104104 11,910,340 385,760 X 338,780 - 46,980
Altera Corporation -Common Stock 21441100 205,275 2,300 X 2,100 - 200
American Express -Common Stock 025816109 327,664 2,200 X 1,900 - 300
American Interna- -Common Stock 026874107 12,085,406 110,369 X 89,470 - 20,899
tional Group Inc
Amgen Inc -Common Stock 31162100 675,125 11,000 X 11,000 - 0
Anheuser Busch -Common Stock 035229103 513,563 8,250 X 6,700 - 1,550
Applied Materials Inc-Common Stock 38222105 377,000 4,000 X 4,000 - 0
Automatic Data -Common Stock 53015103 12,297,767 254,876 X 217,116 - 37,760
Processing
Bell Atlantic Corp -Common Stock 077853109 268,950 4,400 X 3,800 - 600
Bemis -Common Stock 081437105 12,105,509 328,285 X 291,095 - 37,190
Bristol Meyers -Common Stock 110122108 8,112,460 139,870 X 131,080 - 8,790
Cardinal Health -Common Stock 14149Y108 8,546,008 186,289 X 167,705 - 18,584
Carnival Corporation -Common Stock 143658102 6,475,449 260,970 X 213,190 - 47,780
Cintas corp -Common Stock 172908105 11,224,932 286,438 X 246,523 - 39,915
Cisco Systems Inc. -Common Stock 17275R102 36,658,964 474,163 X 357,033 - 117,130
Clear Channel -Common Stock 184502102 376,393 5,450 X 3,900 - 1,550
Communications
Computer Associates -Common Stock 204912109 9,935,298 167,860 X 144,390 - 23,470
Computer Sciences -Common Stock 205363104 9,283,341 117,325 X 113,385 - 3,940
Corp
ConAgra Inc -Common Stock 205887102 9,810,428 541,265 X 483,385 - 57,880
Concord EFS Inc -Common Stock 206197105 7,512,424 327,510 X 276,720 - 50,790
Conoco Inc - Cl A -Common Stock 208251306 334,900 13,600 X 11,600 - 2,000
CVS Corporation -Common Stock 126650100 315,529 8,400 X 7,200 - 1,200
Disney Walt Co -Common Stock 254687106 231,000 5,600 X 5,600 - 0
Corporation
Ecolab Inc -Common Stock 278865100 9,505,127 259,080 X 227,140 - 31,940
EMC Corp./ Mass -Common Stock 268648102 19,024,992 150,992 X 111,162 - 39,830
Emerson Electric -Common Stock 291011104 11,298,572 212,679 X 188,334 - 24,345
Enron Corporation -Common Stock 293561106 374,375 5,000 X 5,000 - 0
Ercsson L M Tel Co -Common Stock 294821400 300,202 3,200 X 3,200 - 0
SP ADR
Exxon Mobil -Common Stock 302290101 1,231,732 15,804 X 8,054 - 7,750
Corporation
Fannie Mae -Common Stock 313586109 8,595,596 151,965 X 133,130 - 18,835
Freddie Mac -Common Stock 313400301 541,745 12,260 X 1,300 - 10,960
Gannett Company -Common Stock 364730101 11,680,843 165,980 X 144,355 - 21,625
General Electric Co -Common Stock 369604103 28,163,923 180,973 X 158,693 - 22,280
Genuine Parts -Common Stock 372460105 10,674,727 447,109 X 395,909 - 51,200
Gentex Corp -Common Stock 371901109 9,748,496 263,025 X 225,265 - 37,760
Grainger WW Inc -Common Stock 384802104 12,189,812 224,697 X 195,617 - 29,080
GTE Coporation -Common Stk P0 362320103 1,856,082 26,142 X 26,142 - 0
Harley-Davidson Inc -Common Stk P0 412822108 12,562,284 158,265 X 122,945 - 35,320
Hewlett Packard -Common Stock 428236103 12,548,184 94,436 X 75,856 - 18,580
Home Depot Inc -Common Stock 437076102 9,680,805 150,090 X 142,885 - 7,205
Honeywell Interna- -Common Stock 438516106 578,883 10,987 X 8,137 - 2,850
tional Inc
I2 Technologies Inc -Common Stock 465754109 311,419 2,550 X 2,250 - 300
Illinois Tool -Common Stock 452308109 15,137,561 273,983 X 245,328 - 28,655
Works
Infinity Broad -Common Stock 45662S102 472,675 14,600 X 10,300 - 4,300
casting CP New
Ingersoll-Rand Co -Common Stock 456866102 415,950 9,400 X 6,700 - 2,700
Intel Corp -Common Stock 458140100 28,967,252 219,552 X 191,206 - 28,346
Interpublic Group Co -Common Stock 460690100 415,800 8,800 X 7,500 - 1,300
Keycorp - New -Common Stock 493267108 10,240,810 538,990 X 480,975 - 58,015
Jefferson Pilot -Common Stock 493267108 12,318,482 185,065 X 163,975 - 21,090
Johnson Control Inc -Common Stock 478366107 882,308 16,320 X 6,620 - 9,700
Johnson & -Common Stock 478160104 7,407,863 105,450 X 92,960 - 12,490
Johnson Co
Kohls Corporation -Common Stock 500255104 13,364,463 130,385 X 112,045 - 18,340
Linear Technology -Common Stock 535678106 1,100,000 20,000 X 20,000 - 0
Corp
Lucent Technologies -Common Stock 549463107 396,900 6,480 X 0 - 6,480
Inc
MBNA Corporation -Common Stock 55262L100 1,566,465 61,430 X 2,500 - 58,930
McDonalds Corp -Common Stock 580135101 382,720 10,240 X 840 - 9,400
MCI Worldcom Inc -Common Stock 55268B106 435,005 9,600 X 7,150 - 2,450
Medtronic Inc -Common Stock 585055106 13,195,390 256,530 X 207,940 - 48,590
Merck & Co -Common Stock 589331107 17,545,218 282,418 X 252,538 - 29,880
Microchip Tech- -Common Stock 595017104 249,850 3,800 X 3,500 - 300
nology Inc
Microsoft Corp. -Common Stock 594918104 18,634,125 175,380 X 157,670 - 17,710
Morgan Stanley -Common Stock 617446448 12,181,796 146,990 X 140,830 - 6,160
Dean Witter Discover
Newell Rubbermaid -Common Stock 651229106 9,288,350 374,334 X 331,164 - 43,170
Inc
Northern Trust corp -Common Stock 665859104 1,553,949 23,000 X 19,600 - 3,400
New York Times -Common Stock 650111107 429,380 10,000 X 0 - 10,000
Class A
Omnicom Group, Inc -Common Stock 681919106 12,684,315 135,480 X 113,440 - 22,040
Oracle Systems -Common Stock 68389X105 27,791,053 356,008 X 327,888 - 28,120
Corporation
Paychex Inc -Common Stock 704326107 15,437,008 294,740 X 240,785 - 53,955
Group
Pepsico Inc -Common Stock 713448108 409,781 11,750 X 8,800 - 2,950
Pfizer Inc -Common Stock 717081103 1,116,678 31,400 X 0 - 31,400
Pitney Bowes -Common Stock 724479100 925,935 20,720 X 5,620 - 15,100
Praxair Inc -Common Stock 74005P104 8,821,836 211,936 X 201,026 - 10,910
Procter & Gamble -Common Stock 742718109 270,635 4,790 X 4,040 - 750
Providian -Common Stock 74406A102 8,903,318 102,780 X 98,760 - 4,020
Financial Corp
Royal Dutch -Common Stk P2 780257804 10,857,108 187,797 X 161,977 - 25,820
Petroleum
Schering Plough -Common Stock 806605101 10,628,405 286,287 X 247,057 - 39,230
Corp
Schlumberger LTd -Common Stock 806857108 9,309,668 121,695 X 114,825 - 6,870
Shell Trans & -Common Stock 822703609 11,771,833 239,933 X 210,008 - 29,925
New York Trading
PLC Sh
Sherwin Williams -Common Stock 824348106 11,611,289 524,804 X 462,804 - 62,000
Sigma-Aldrich -Common Stock 826552101 9,430,491 350,902 X 308,627 - 42,275
Solectron Corpor- -Common Stock 834182107 11,679,986 291,090 X 276,870 - 14,220
ation
Southtrust -Common Stock 844730101 9,811,564 385,705 X 338,515 - 47,190
Corporation
Sun Microsystems -Common Stock 866810104 26,620,085 284,090 X 237,690 - 46,400
Sybron Intl Corp -Common Stock 87114F106 11,871,005 409,345 X 354,395 - 54,950
Sysco Corporation -Common Stock 871829107 24,447,269 676,741 X 581,796 - 94,945
Target Corporation -Common Stk P0 87612E106 455,975 6,100 X 5,200 - 900
Tellabs Inc -Common Stk P0 879664100 11,843,511 188,040 X 146,200 - 41,840
Texas Instruments -Common Stock 882508104 464,000 2,900 X 2,500 - 400
Inc
Tyco International -Common Stock 902124106 8,693,680 173,440 X 167,610 - 5,830
ltd
U S Bancorp -Common Stock 902973106 1,258,688 57,540 X 0 - 7,540
US West Inc -Common Stock 91273H101 312,288 4,300 X 3,100 - 1,200
USX Marathon -Common Stock 902905827 239,780 9,200 X 7,900 - 1,300
Group Inc
Vitesse Semi- -Common Stock 928497106 423,500 4,400 X 3,000 - 1,400
Conductor Corp
Walgreen Co -Common Stock 931422109 9,017,779 350,205 X 282,975 - 67,230
Walmart Stores -Common Stock 931142103 12,541,983 221,982 X 189,467 - 32,515
Wells Fargo Company -Common Stock 949746101 949,475 23,300 X 0 - 23,300
Wm Wrigley Jr Co -Common Stock 982526105 353,340 4,600 X 4,600 - 0
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