UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or 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: 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: February 14, 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: 105
Form 13F Information Table Value Total: $871,699,628
List of Other Included Managers: None
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FORM 13F
As/of December 31, 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 1,335,159 18,400 X 15,625 - 2,775
cations
Abbott Labs -Common Stock 002824100 28,517,761 785,332 X 385,102 - 400,230
AES Corporation -Common Stock 00130H105 10,660,098 142,610 X 130,410 - 12,200
Aflac Inc -Common Stock 001055102 7,464,434 158,185 X 149,685 - 8,500
Albertsons Inc -Common Stock 013104104 10,896,275 337,869 X 296,519 - 41,350
American Express -Common Stock 025816109 365,750 2,200 X 1,800 - 400
American Interna- -Common Stock 026874107 11,228,133 103,844 X 83,235 - 20,609
tional Group Inc
Amgen Inc -Common Stock 31162100 660,693 11,000 X 11,000 - 0
Anheuser Busch -Common Stock 035229103 442,969 6,250 X 4,800 - 1,450
Applied Materials
Inc -Common Stock 38222105 253,376 2,000 X 2,000 - 0
Associates First -Common Stock 046008108 5,055,314 184,245 X 160,895 - 23,350
Capital
AT&T Corp. -Common Stock 001957109 100,152 1,971 X 1,971 - 0
Automatic Data -Common Stock 53015103 23,212,098 430,851 X 382,861 - 47,990
Processing
Bell Atlantic Corp -Common Stock 077853109 273,955 4,450 X 3,450 - 1,000
Bemis -Common Stock 081437105 14,679,446 420,916 X 380,356 - 40,560
Bristol Meyers -Common Stock 110122108 8,052,385 125,450 X 115,750 - 9,700
Cardinal Health -Common Stock 14149Y108 822,205 17,174 X 6,750 - 10,424
Carnival Corporation -Common Stock 143658102 9,830,353 205,600 X 160,250 - 45,350
Cintas corp -Common Stock 172908105 8,516,734 160,315 X 133,655 - 26,660
Cisco Systems Inc. -Common Stock 17275R102 21,025,424 196,270 X 138,320 - 57,950
Clear Channel -Common Stock 184502102 468,563 5,250 X 3,500 - 1,750
Communications
Computer Associates -Common Stock 204912109 8,703,085 124,440 X 114,140 - 10,300
Computer Sciences -Common Stock 205363104 10,511,891 111,090 X 107,190 - 3,900
Corp
ConAgra Inc -Common Stock 205887102 13,211,200 582,299 X 529,639 - 52,660
Conoco Inc - Cl A -Common Stock 208251306 336,600 13,600 X 10,600 - 3,000
CVS Corporation -Common Stock 126650100 334,950 8,400 X 6,700 - 1,700
Dayton Hudson -Common Stock 239753106 447,972 6,100 X 4,800 - 1,300
Duke Energy -Common Stock 264399106 220,550 4,400 X 3,600 - 800
Corporation
Ecolab Inc -Common Stock 278865100 8,221,336 210,130 X 193,130 - 17,000
EMC Corp./ Mass -Common Stock 268648102 17,684,298 161,870 X 115,370 - 46,500
Emerson Electric -Common Stock 291011104 15,120,894 263,545 X 241,865 - 21,680
Enron Corporation -Common Stock 293561106 221,875 5,000 X 5,000 - 0
Ercsson L M Tel
Co SP ADR -Common Stock 294821400 262,752 4,000 X 4,000 - 0
Equifax Inc -Common Stock 294429105 235,630 10,000 X 7,900 - 2,100
Exxon Mobil
Corporation -Common Stock 302290101 1,370,699 17,014 X 8,764 - 8,250
Fannie Mae -Common Stock 313586109 8,299,571 132,925 X 114,775 - 18,150
Fifth Third
Bancorp -Common Stock 316773100 223,794 3,050 X 1,700 - 1,350
Freddie Mac -Common Stock 313400301 774,657 16,460 X 5,500 - 10,960
Gannett Company -Common Stock 364730101 20,988,851 257,333 X 232,153 - 25,180
General Electric Co -Common Stock 369604103 14,828,145 95,820 X 83,820 - 12,000
Genuine Parts -Common Stock 372460105 12,060,607 486,060 X 453,640 - 32,420
Grainger WW Inc -Common Stock 384802104 17,303,812 361,906 X 327,741 - 34,165
GTE Coporation -Common Stk P0 362320103 1,844,658 26,142 X 26,142 - 0
Harley-Davidson Inc -Common Stk P0 412822108 9,628,669 150,300 X 116,100 - 34,200
Hewlett Packard -Common Stock 428236103 26,401,830 232,104 X 203,894 - 28,210
Home Depot Inc -Common Stock 437076102 9,035,606 131,427 X 126,252 - 5,175
Honeywell
International Inc -Common Stock 438516106 545,902 9,463 X 6,713 - 2,750
I2 Technologies Inc -Common Stock 465754109 287,625 1,475 X 1,325 - 150
Illinois Tool -Common Stock 452308109 24,028,781 355,650 X 326,690 - 28,960
Works
Infinity Broad -Common Stock 45662S102 528,345 14,600 X 9,500 - 5,100
casting CP New
Ingersoll-Rand Co -Common Stock 456866102 346,897 6,300 X 5,000 - 1,300
Intel Corp -Common Stock 458140100 31,547,774 383,266 X 342,145 - 41,121
Interpublic Group Co -Common Stock 460690100 534,422 9,264 X 7,364 - 1,900
Keycorp - New -Common Stock 493267108 10,560,240 477,299 X 438,349 - 38,950
Jefferson Pilot -Common Stock 493267108 15,389,147 225,482 X 207,382 - 18,100
Johnson Control Inc -Common Stock 478366107 928,200 16,320 X 6,620 - 9,700
Johnson & -Common Stock 478160104 9,597,290 102,920 X 89,970 - 12,950
Johnson Co
Kohls Corporation -Common Stock 500255104 8,411,346 116,520 X 98,720 - 17,800
Linear Technology
Corp -Common Stock 535678106 715,630 10,000 X 10,000 - 0
Lowe's Company -Common Stock 548661107 418,250 7,000 X 4,500 - 2,500
Lucent Technologies
Inc -Common Stock 549463107 541,275 7,217 X 737 - 6,480
MBNA Corporation -Common Stock 55262L100 1,673,968 61,430 X 2,500 - 58,930
McDonalds Corp -Common Stock 580135101 492,625 12,220 X 1,220 - 11,000
MCI Worldcom Inc -Common Stock 55268B106 343,052 6,465 X 4,215 - 2,250
Medtronic Inc -Common Stock 585055106 6,144,176 168,620 X 136,560 - 32,060
Merck & Co -Common Stock 589331107 22,971,712 341,902 X 311,922 - 29,980
Microsoft Corp. -Common Stock 594918104 6,232,115 53,380 X 50,880 - 2,500
Morgan Stanley -Common Stock 617446448 9,727,699 68,145 X 65,395 - 2,750
Dean Witter
Discover
Newell Rubbermaid
Inc -Common Stock 651229106 12,665,460 436,740 X 381,300 - 55,440
Northern Trust corp -Common Stock 665859104 1,219,000 23,000 X 19,600 - 3,400
New York Times -Common Stock 650111107 6,628,928 134,940 X 119,790 - 15,150
Class A
Omnicom Group, Inc -Common Stock 681919106 11,824,000 118,240 X 97,240 - 21,000
Oracle Systems -Common Stock 68389X105 4,594,525 130,235 X 124,735 - 5,500
Corporation
Paychex Inc -Common Stock 704326107 10,631,600 265,790 X 213,865 - 51,925
Group
Pepsico Inc -Common Stock 713448108 234,413 6,650 X 4,000 - 2,650
Pfizer Inc -Common Stock 717081103 1,018,553 31,400 X 0 - 31,400
Philip Morris -Common Stock 718154107 22,820,301 992,187 X 917,687 - 74,500
Pitney Bowes -Common Stock 724479100 1,037,763 21,480 X 5,780 - 15,700
Praxair Inc -Common Stock 74005P104 7,451,406 148,101 X 141,001 - 7,100
Procter & Gamble -Common Stock 742718109 7,746,652 70,705 X 67,755 - 2,950
Providian -Common Stock 74406A102 8,753,431 96,125 X 91,855 - 4,270
Financial Corp
Royal Dutch -Common Stk P2 780257804 18,565,648 306,551 X 277,251 - 29,300
Petroleum
Schering Plough -Common Stock 806605101 15,930,966 375,952 X 340,842 - 35,110
Corp
Schlumberger LTd -Common Stock 806857108 5,669,748 101,020 X 95,620 - 5,400
Shell Trans & -Common Stock 822703609 19,265,820 393,180 X 353,990 - 39,190
New York Trading
PLC Sh
Sherwin Williams -Common Stock 824348106 28,810,446 1,371,926 X 1,333,566 - 38,360
Sigma-Aldrich -Common Stock 826552101 16,012,035 532,616 X 488,786 - 43,830
Solectron
Corporation -Common Stock 834182107 11,083,965 116,520 X 110,820 - 5,700
Southtrust -Common Stock 844730101 17,585,125 465,055 X 420,560 - 44,495
Corporation
Sun Microsystems -Common Stock 866810104 15,021,423 193,980 X 144,280 - 49,700
Sybron Intl Corp -Common Stock 87114F106 6,782,534 274,730 X 247,310 - 27,420
Sysco Corporation -Common Stock 871829107 36,738,993 928,620 X 811,820 - 116,800
Tellabs Inc -Common Stk P0 879664100 9,949,140 155,000 X 114,550 - 40,450
Texas Instruments
Inc -Common Stock 882508104 299,538 3,100 X 2,400 - 700
Transocean Sedco
Forex Inc -Common Stock G90078109 658,297 19,541 X 18,495 - 1,046
Tribune Company -Common Stock 896047107 220,252 4,000 X 4,000 - 0
Tyco International
ltd -Common Stock 902124106 5,892,705 151,095 X 145,345 - 5,750
U S Bancorp -Common Stock 902973106 1,370,200 57,540 X 0 - 57,540
US West Inc -Common Stock 91273H101 309,600 4,300 X 2,900 - 1,400
USX Marathon -Common Stock 902905827 227,130 9,200 X 7,300 - 1,900
Group Inc
Vitesse Semi- -Common Stock 928497106 262,190 5,000 X 3,600 - 1,400
Conductor Corp
Walgreen Co -Common Stock 931422109 7,575,458 258,990 X 195,690 - 63,300
Walmart Stores -Common Stock 931142103 32,740,711 473,645 X 429,605 - 44,040
Wells Fargo Company -Common Stock 949746101 1,019,038 25,200 X 0 - 25,200
Wm Wrigley Jr Co -Common Stock 982526105 381,515 4,600 X 4,600 - 0
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