UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 13F
August 6, 1999
Institutional Investment Manager Filing this Report:
Name: Albion Management Group
Address: 2010 South 1000 East
Salt Lake City, UT 84105
13F File Number: 28-6676
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 is understood that all required items,
statements, schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report:
Name: John Q. Bird
Title: Executive Vice-President
Phone: 801-487-3700
Signature, Place, and Date of Signing:
John Q. Bird Salt Lake City, Utah August 6, 1999
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 425
Form 13F Information Table Value Total: $222,397,574
<PAGE>
<TABLE> <C> <C>
Name of Reporting Manager: Albion Management Group
Voting Authority (share
(b) Shared- Manage(a) (b) Sh(c) None
Name of Issuer Title CUSIP n Value Shares(a) SoleAs Def(c) ShaSee Intr. V
PRN AMT in InsOther
3DFX Interactive, Inc. COM 88553X10 7813 500 X X
AC Nielson Corporation COM 00483310 3025 100 X X
ADC Telecom, Inc. COM 00088610 2050313 45000 X X
AES Corp. COM 00130H10 17438 300 X X
AT&T Corp. COM 00195710 1966107 35227 X X
AXA-UAP SA ADR FSponsored COM 05453610 6231 100 X X
Abbott Laboratories COM 00282410 127050 2800 X X
About.com, Inc. COM 00373610 5188 100 X X
AboveNet Communications InCOM 00374310 4038 100 X X
Advanced Polymer Systems COM 00754G10 7000 1000 X X
Advanced Precision Tech. COM 00754H20 2000 10000 X X
Advanced Radio Telecom CorCOM 00754U10 28750 2000 X X
Aegis Realty, Inc. COM 00760P10 1707 174 X X
Aetna, Inc. COM 00811710 35775 400 X X
Air Products and ChemicalsCOM 00915810 28175 700 X X
Albertsons, Inc. COM 01310410 851967 16523 X X
Alexander & Baldwin COM 01448210 1224 55 X X
Allegheny Energy, Inc. COM 01741110 25650 800 X X
Allergan Inc. COM 01849010 41292 372 X X
Allergan Specialty TherapeCOM 01849010 196 18 X X
Allstate Corp COM 02000210 33220 926 X X
Amazon Com, Inc. COM 02313510 143894 1150 X X
America Online COM 02364J10 1276990 11609 X X
American Express COM 02581610 26025 200 X X
American Home Prods. Corp.COM 02660910 214238 3734 X X
American Italian Pasta ComCOM 02707010 6075 200 X X
Ameritech Corp. New COM 03095410 439971 5986 X X
Amgen Corp. COM 03116210 60875 1000 X X
Analog Devices, Inc. COM 03265410 1410269 28100 X X
Ancor Communications COM 03332K10 16188 500 X X
Apple Computer, Inc. COM 03783310 4631 100 X X
Applied Materials Inc. DelCOM 03822210 7388 100 X X
Archer-Daniels-Midland Co.COM 03948310 5403 350 X X
Asarco Inc. COM 04341310 4703 250 X X
Associated Estates Realty COM 04560410 11813 1000 X X
Associates First Capital COM 04600810 46243 1048 X X
At Home Corporation COM 04591910 21575 400 X X
Auto Data Processing, Inc.COM 05301510 29304 666 X X
Auto Desk, Inc. COM 05276910 2808 95 X X
Axent Technologies Inc. COM 05459C10 668 60 X X
Axogen COM G0690R10 1884853 60075 X X
BF Goodrich Company COM 38238810 102000 2400 X X
BP Amoco p.l.c. COM 05562210 645792 5952 X X
Bank of America Corp. COM 06605F10 57037 778 X X
BankBoston Corp. COM 06605R10 11248 220 X X
Barrick Gold Corp. COM 06790110 19375 1000 X X
Baxter International COM 07181310 16126 266 X X
Beckman Coulter Inc. COM 07581110 4814 99 X X
Bell Atlantic Corp. COM 07785310 321253 4914 X X
BellSouth Corp. COM 07986010 326196 7072 X X
Bestfoods COM 08658U10 39600 800 X X
Bid.Com COM 08878810 6225 800 X X
Biochem Pharma, Inc. COM 09058T10 279375 14900 X X
Biosys Inc New COM 09066N20 6 573 X X
Boeing COM 09702310 121000 2750 X X
Borders Group, Inc. COM 09970910 1581 100 X X
Bristol Myers Squibb Co. COM 11012210 887692 12603 X X
Broadcast.com COM 11131010 13356 100 X X
Broadcom Corporation COM 11132010 14456 100 X X
Broken Hill Proprietary CoCOM 11216960 2375 100 X X
Burlington Northern Santa COM 12189T10 195300 6300 X X
Burlington Resources, Inc.COM 12201410 5969 138 X X
CBS Corp. COM 22049310 73185 1680 X X
CEC Inds. Corp. New COM 12513820 140 2800 X X
CFI International Co. COM 12525210 0 500 X X
Cabot Corporation COM 12705510 29025 1200 X X
Cardinal Health, Inc. COM 14149Y10 4168 65 X X
Careerbuilder Inc. COM 14168410 13125 1000 X X
Caterpillar Inc. COM 14912310 6025 100 X X
Celgene Corporation COM 15102010 1756 100 X X
Central and Southwest CorpCOM 15235710 23375 1000 X X
Charles Schwab CorporationCOM 80851310 54500 500 X X
Chase Manhattan Corp. New COM 16161A10 244968 2832 X X
Chevron COM 16675110 505733 5320 X X
Chris-Craft Industries COM 17052010 2010353 42660 X X
Cisco Systems COM 17275R10 341519 5300 X X
Citigroup, Inc. COM 17303410 195700 4120 X X
Citrix Systems Inc. COM 17737610 161025 2850 X X
Claire's Stores COM 17958410 625159 24278 X X
Coca-Cola Co. COM 19121610 1041600 16800 X X
Colorado Casino COM 19633410 156 1000 X X
Compaq Computer COM 20449310 146863 6200 X X
Computer Sciences CorporatCOM 20536310 1836928 26550 X X
Computerized Thermal ImagiCOM 20557C10 3285 4500 X X
Conseco Inc. COM 20846410 45656 1500 X X
Consolidated Graphics COM 20934110 10000 200 X X
Consolidated Natural Gas COM 20961510 117491 1934 X X
Cordant Technologies Inc. COM 21841210 904 20 X X
Corn Products InternationaCOM 21902310 3044 100 X X
Covol Technologies Inc. COM 22357510 20756 4050 X X
Cox Communications Inc. ClCOM 22404410 4418 120 X X
Curtiss Wright COM 23156110 544 14 X X
Cytogen COM 23282410 1744 900 X X
DaimlerChrysler AG COM D1668R12 55625 625 X X
Daltex Med Sciences Inc COM 23550210 68 1500 X X
Darden Restaurants COM 23719410 7983 366 X X
Dayton Hudson COM 23975310 13000 200 X X
Del Rio Resources Inc. COM 24537010 0 22500 X X
Dell Computer COM 24702510 14800 400 X X
Delphi Automotive Systems COM 24712610 25788 1394 X X
Delta Air Lines COM 24736110 115250 2000 X X
Dial Corp COM 25247D10 13908 374 X X
Diamond Offshore Drilling COM 25271C10 14188 500 X X
Diversinet Corp New COM 25536K20 2984 500 X X
Dominion Resources COM 25747010 77876 1798 X X
Dover COM 26000310 49000 1400 X X
Du Pont De Nemours COM 26353410 405093 5930 X X
Dun and Bradstreet COM 26483010 10631 300 X X
E Toys COM 29786210 4075 100 X X
E-Trade Group, Inc. COM 26924610 7988 200 X X
EMC Corp COM 26864810 165000 3000 X X
Earl Owensby Studios COM 27010010 500 5000 X X
Edison International COM 28102010 196559 7348 X X
El Paso Natural Gas COM 28369587 3519 100 X X
Elan Corp. COM 28413120 3421409123294 X X
Electronic Data Systems COM 28566110 1812 32 X X
Electronics For Imaging, ICOM 28608210 10275 200 X X
Eli Lilly & Co. COM 53245710 286500 4000 X X
Emerson Electric COM 29101110 18881 300 X X
Energen Corp COM 29265N10 3725 200 X X
Enron Corp. COM 29356110 67117 821 X X
Entergy Corp. New COM 29364G10 35156 1125 X X
Exxon COM 30229010 1602580 20779 X X
FMC Corp. COM 30249130 27325 400 X X
Fairmile Gold Corp COM 30490110 40 2000 X X
Fannie Mae COM 31358610 68250 1000 X X
FelCor Lodging Trust Inc. COM 31430510 2075 100 X X
Finova Group COM 31792810 1895 36 X X
First Data COM 31996310 15464 316 X X
First Security Corp COM 33629410 581818 21351 X X
First Union Corporation COM 33735810 7729 164 X X
FirstEnergy Corp COM 33793210 15500 500 X X
Firstar Corp. COM 33761C10 4200 150 X X
Fluor Corp. COM 34386110 121500 3000 X X
Ford Motor Co. COM 34537010 112875 2000 X X
Fortune Brands COM 34963110 161363 3900 X X
Frontier Oil Corp. COM 93067610 6813 1000 X X
GTE Corp. COM 36232010 566250 7500 X X
Gallaher Group Plc ADS COM 36359510 95306 3900 X X
General Electric COM 3696041013084970115796 X X
General Mills COM 37033410 29417 366 X X
General Motors Corp COM 37044210 131868 1998 X X
General Motors Corp. CL H COM 37044250 6082 108 X X
General Public Utilities COM 36225X10 126563 3000 X X
Genesee & Wyoming Inc., ClCOM 37155910 1031 100 X X
Genetronics Biomedical LtdCOM 37191610 2813 1000 X X
Gillette Co. COM 37576610 58958 1438 X X
Glaxo Wellcome Plc Adr COM 37733W10 60362 1066 X X
Gliatech, Inc. COM 37929C10 5100 200 X X
Global Crossing COM G3921A10 2028950 47600 X X
Globalstar TelecommunicatiCOM G3930H10 565787 24400 X X
Goodyear Tire & Rubber COM 38255010 66458 1130 X X
Harley-Davidson Inc. COM 41282210 10875 200 X X
Healtheon Corporation COM 42220910 38500 500 X X
Healthsouth Corporation COM 42192410 7438 500 X X
Hewlett-Packard COM 42823610 155172 1544 X X
Hilton Hotels COM 43284810 14188 1000 X X
Hispanic Broadcasting CorpCOM 42279910 18969 250 X X
Home Depot COM 43707610 48328 750 X X
Homestake Mining COM 43761410 8188 1000 X X
Honeywell, Inc. COM 43850610 370800 3200 X X
IDX Systems Corporation COM 44949110 22563 1000 X X
ITI Tech. Inc. COM 45056410 2263 100 X X
Idacorp Inc. COM 45138010 31500 1000 X X
Ikon Office Solutions COM 45171310 75000 5000 X X
Imation Corp. COM 45245A10 10471 422 X X
Immunex Corp. COM 45252810 25488 200 X X
Infoseek Corporation COM 45678M10 7191 150 X X
Inktomi Corporation COM 45727710 78900 600 X X
Intel Corp. COM 45814010 3664031 61580 X X
Intercapital Quality Muni COM 45844G10 9506 650 X X
International Business MacCOM 45920010 671583 5196 X X
International Paper COM 46014610 136479 2716 X X
Intimate Brands, Inc. COM 46115610 1449675 30600 X X
Intuit Inc. COM 46120210 9013 100 X X
Ipalco Enterprises Inc. COM 46261310 49579 2340 X X
Isis Pharmaceuticals, Inc.COM 46433010 25469 2500 X X
Itron, Inc. COM 46574110 8563 1000 X X
J.P. Morgan COM 61688010 84300 600 X X
JP Realty, Inc. COM 46624A10 20563 1000 X X
Johnson & Johnson COM 47816010 2861600 29200 X X
Johnson Controls COM 47836610 153874 2220 X X
Kansas City So. Ind COM 48517010 19144 300 X X
Kimberly-Clark Corp. COM 49436810 45600 800 X X
Knight/Trimark Group Inc. COM 49906710 54900 900 X X
Liberty Media Group, ClassCOM 00195720 37044 1008 X X
Ligand Pharmaceuticals IncCOM 53220K20 134 12 X X
Loews Corp. COM 54042410 7913 100 X X
Loral Space & CommunicatioCOM G5646210 1582110 87895 X X
Lucent Technologies COM 54946310 4450875 66000 X X
Lycos Inc. COM 55081810 9188 100 X X
Lydall, Inc. COM 55081910 8050 700 X X
MSH Entertainment:CorporatCOM 55357410 280 800 X X
Maxicare Health Plans COM 57790420 10 2 X X
McDonalds Corp. COM 58013510 8225 200 X X
McGraw-Hill Companies, IncCOM 58064510 75513 1400 X X
McWhorter COM 58280310 607747 42095 X X
MediaOne Group Inc. COM 91288920 32948 443 X X
Medpartners Inc. COM 58503X10 15000 2000 X X
Medtronic, Inc. COM 58505510 9345 120 X X
Megafoods Stores, Inc. COM 58495110 0 10000 X X
Mellon Bank Corp. COM 58550910 145500 4000 X X
Merck & Co., Inc. COM 58933110 1078901 14654 X X
Microsoft Corp. COM 59491810 3458691 38350 X X
Millipore Corporation COM 60107310 64900 1600 X X
Minnesota Mining and ManufCOM 60405910 419560 4826 X X
Minnesota Muni Term Trust COM 60406510 7076 666 X X
Mirage Resorts, Inc. COM 60462E10 838 50 X X
Mobil Corp. COM 60705910 501650 5080 X X
Morgan Stanley Dean WitterCOM 61744644 60549 590 X X
Motorola, Inc. COM 62007610 66704 704 X X
Muniinsured FD Inc. COM 62624510 69500 8000 X X
NAL Financial Group Inc. COM 62872M10 22 2000 X X
NCR Corp. COM 62886E10 10641 218 X X
Nasdaq 100 Index COM 63110010 1729 15 X X
National Energy Group, IncCOM 63581210 31 447 X X
Nevada Power COM 64142310 16250 650 X X
Newport News Shipbuilding COM 65222810 3157 107 X X
Nexar Tech. Inc. Com. COM 65332P10 82 2000 X X
Nisource Inc. COM 62914010 40009 1550 X X
Noble Drilling Corp. COM 65504210 7875 400 X X
Nokia Corp. COM 65490220 73250 800 X X
Norfolk Southern COM 65584410 108450 3600 X X
Norsk Hydro ASA COM 65653160 22950 600 X X
Northern States Power COM 66577210 32702 1352 X X
Novell COM 67000610 29150 1100 X X
Ogden Corp. COM 67634610 4041 150 X X
Oracle Systems COM 68389X10 18748 505 X X
Orbital Sciences Corp. COM 68556410 849319 35950 X X
PDG Environmental COM 69328310 108 150 X X
PG&E Corp. COM 69331C10 146228 4508 X X
PP&L Resources, Inc. COM 69349910 7380 240 X X
Pacificorp COM 69511410 26203 1426 X X
Peoples Energy COM 71103010 11306 300 X X
PepsiCo, Inc. COM 71344810 7738 200 X X
PetsMart, Inc. COM 71676810 2050 200 X X
Pfizer, Inc. COM 71708110 87200 800 X X
Philip Morris COM 71815410 7234 180 X X
Pinnacle West COM 72348410 4025 100 X X
Pitney Bowes COM 72447910 38550 600 X X
Potomac Electric Power ComCOM 73767910 14719 500 X X
Powertel COM 73936C10 2988 100 X X
Priceline.com IncorporatedCOM 74150310 11556 100 X X
Procter & Gamble Co. COM 74271810 185640 2080 X X
Providian Financial CorporCOM 74406A10 9325 100 X X
Public Service EnterprisesCOM 74457310 20202 495 X X
Puget Sound Energy Inc. COM 74533210 42960 1790 X X
QLogic Corporation COM 74727710 26400 200 X X
Qualcomm Inc. COM 74752510 7749000 54000 X X
Questar Corp. COM 74835610 63916 3342 X X
Qwest Communications Intl.COM 74912110 73796 2232 X X
R.H. Donnelley CorporationCOM 74955W30 1174 60 X X
Raytheon Class B COM 75511140 56400 800 X X
Raytheon Co. Class A COM 75511130 5382 78 X X
Restoration Hardware, Inc.COM 76098110 5350 400 X X
Royal Dutch Petroleum Co. COM 78025780 192800 3200 X X
SBC Communications Inc. COM 78387G10 263030 4535 X X
SPX Corporation COM 78463510 8350 100 X X
Schering Plough Corp COM 80660510 252000 4800 X X
Schlumberger Ltd. COM 80685710 452181 7100 X X
Scios Inc. COM 80890510 7579 2332 X X
Sears Roebuck COM 81238710 22281 500 X X
Sempra Energy COM 81685110 104822 4633 X X
Sherwin Williams COM 82434810 2775 100 X X
SkyWest Inc. COM 83087910 24938 1000 X X
SmarTire Systems, Inc. COM 83191310 2188 1000 X X
Smithkline Beecham PLC COM 83237830 211400 3200 X X
Softech, Inc. COM 83402110 1156 500 X X
Sony Corporation COM 83569930 8278 75 X X
Sprint Corp. COM 85206110 106000 2000 X X
Sprint PCS Series 1 COM 85206150 28500 500 X X
Standard & Poors DepositorCOM 78462F10 75213 549 X X
Starbucks Corp. COM 85524410 7513 200 X X
Sterling Commerce, Inc. COM 85920510 1424063 38750 X X
Suburban Propane Partners,COM 86448210 19500 1000 X X
Sun Microsystems COM 86681010 151525 2200 X X
Sunoco Inc. COM 86764P10 30157 999 X X
Sunshine Mng. & Refng. COM 86783310 1875 5000 X X
Supervalu, Inc. COM 86853610 27583 1066 X X
Teco Energy, Inc. COM 87237510 11375 500 X X
TeleBanc Financial CorporaCOM 87925R10 7750 200 X X
Tellabs, Inc. COM 87966410 16215 240 X X
Tenneco COM 88037E10 12845 538 X X
Texaco, Inc. COM 88169410 355288 5696 X X
Thermo Electron COM 88355610 440372 21950 X X
Thermo Fibertek COM 88355W10 314 44 X X
Toys R Us COM 89233510 2751 133 X X
Trans World Airlines, Inc.COM 89334983 5 1 X X
Transocean Offshore, Inc. COM 89381710 39375 1500 X X
Trex Medical Corp. COM 89531R10 600 100 X X
Tyco International COM 90212410 350670 3701 X X
Tyler Technologies, Inc. COM 90218410 4485 690 X X
UAL Corporation COM 90254950 2068 32 X X
US West, Inc. COM 91273H10 38716 659 X X
US Worldlink, Inc. COM 91274A10 188 500 X X
USA Networks, Inc. COM 90298410 3611 90 X X
USX-Marathon Group Inc. COM 90290582 1498 46 X X
USX-United States Steel COM 90337T10 243 9 X X
Unilever N. V. COM 90478470 12416 178 X X
Union Pacific Corp. COM 90781810 236516 4056 X X
Union Pacific Resources GrCOM 90783410 33261 2039 X X
United Illuminating CompanCOM 91063710 21219 500 X X
United Stationers COM 91300410 616 28 X X
United Technologies Corp. COM 91301710 90432 1256 X X
Usana Inc. COM 90328M10 8250 1000 X X
Usec Inc. COM 90333E10 22313 1500 X X
VISX, Incorporated COM 92844S10 2142022 27050 X X
Valspar Corp. COM 92035510 8066640212280 X X
VeriSign, Inc. COM 92343E10 17250 200 X X
VerticalNet COM 92532L10 10500 100 X X
Viewcast.com Inc. COM 92671310 6719 1000 X X
Vignette Corporation COM 92673410 75000 1000 X X
Vodafone COM 92857T10 39006 198 X X
Wal-Mart Stores COM 93114210 35223 730 X X
Wall Street Deli Inc COM 93190410 313 100 X X
Walt Disney Company COM 25468710 1454042 47190 X X
Warner Lambert COM 93448810 580650 8400 X X
Waste Management Inc COM 94106L10 5375 100 X X
Watson Pharmaceuticals, InCOM 94268310 27980 798 X X
Weingarten Realty InvestorCOM 94874110 167000 4000 X X
Wells Fargo & Co. COM 94974610 79772 1866 X X
Western Health Plans Inc. COM 95830510 0 600 X X
Williams Companies, Inc. COM 96945710 25538 600 X X
Wind River Systems, Inc. COM 97314910 16063 1000 X X
Wm. Wrigley Jr. Co. COM 98252610 214050 2400 X X
Workflow Management Inc. COM 98137N10 1425 100 X X
World Wireless CommunicatiCOM 98155B10 3375 2000 X X
Wyndham International Inc.COM 98310110 63 14 X X
XXSYS Technologies COM 98385810 100 1000 X X
Xerox COM 98412110 53156 900 X X
Yahoo, Inc. COM 98433210 34450 200 X X
Zions Bancorp COM 98970110 19050 300 X X
Zweig Fund COM 98983410 13350 1200 X X
Zweig Total Return Fund InCOM 98983710 43350 5100 X X
eBay Inc. COM 27864210 68119 450 X X
Cytel Corp. RSTD COM 23282E10 372 119 X X
Health Care Property INVS COM 42191510 5775 200 X X
Iomed, Inc. 10/24/98 COM 46202810 95708 42537 X X
Central Hudson Gas & ElectCOM 15360920 741 10 X X
Central Hudson Gas & ElectCOM 15360930 78 1 X X
Merrill Lynch & Co. Inc DeCOM 59018881 46226 1500 X X
Pacificorp QUIDS 8.55% COM 69511461 5000 200 X X
Unisys Corp PFD A Ser CV COM 90921420 15956 245 X X
Alabama Power TOP 7.375% DCOM 01038320 24563 1000 X X
Allstate Corp Quibs 7.1COM 02000220 24438 1000 X X
Appalachian Power 8.000%COM 03773581 24813 1000 X X
BNKAM Cap IV 7.000COM 06604420 24125 1000 X X
Citigroup Cap I 8.COM 17305F20 64069 2550 X X
Colum So PW 7.92% DEF Ser COM 19957579 24875 1000 X X
Farmers Group 8.450%COM 30959320 25289 1000 X X
HL&P Capital Trust 8.125%COM 40420220 25188 1000 X X
Sears ACC Ser Quib 7.000% COM 81240420 23875 1000 X X
Tennessee Valley Auth. 6.7COM 88059130 24125 1000 X X
Transamerica Quibs 7.100% COM 89395020 23750 1000 X X
Elan 1996 Warrant WT 28413170 2082938 66125 X X
Intellicell Corp Wts WT 45815F11 0 1750 X X
Ligand Pharm. Inc. Wts @3.WT 53220K11 133 26 X X
Dreyfus Strategic GovernmeCOM 26193810 3278 380 X X
Leviathan Gas Pipeline LP COM 52736710 6863 300 X X
AIM Weingarten Fund COM 00141330 15788 567.71 X X
Achievement Funds-Equity FCOM 00446920 44925 2384.5 X X
Achievement Funds-Muni BonCOM 00446940 504997 50753. X X
Babson Growth Fund COM 05616110 36021 1800.1 X X
CGM Realty COM 12532540 15504 1213.1 X X
Cohen & Steers Realty SharCOM 19247610 17748 441.39 X X
Cohen & Steers Special EquCOM 19247M10 2983 129.35 X X
Dreyfus Appreciation Fund COM 26197010 200079 4450.1 X X
Federated US Govt SecurityCOM 31428M10 130021 12502. X X
Fidelity - Equity Income FCOM 31614510 5870 183.43 X X
Fidelity Advisor Equity GrCOM 31580510 39836 607.24 X X
Fidelity Contrafund COM 31607110 84081 1338.2 X X
Fidelity Dividend Growth FCOM 31638940 84684 2633.1 X X
Fidelity Growth & Income COM 31638920 2689 55.167 X X
Fidelity Low Price Stock ACOM 31634530 31330 1276.6 X X
Fidelity Magellan Fund COM 31618410 2720 20.962 X X
Fidelity New Millennium FuCOM 31620030 16593 452.85 X X
Franklin Templeton Global COM 35472810 41871 3597.1 X X
Invesco INT European Fund COM 46127X10 3984 236.18 X X
Invesco INT Pacific Basin COM 46127X20 1441 165.84 X X
Invesco ISP Financial ServCOM 46127P60 16611 542.31 X X
Janus Fund Inc COM 47102310 185663 4618.4 X X
Janus Growth and Income FuCOM 47102320 306502 8998.8 X X
Janus High Yield Fund COM 47102376 7335 698.57 X X
Janus Mercury Fund COM 47102385 272458 8498.3 X X
Lord Abbett Affiliated FunCOM 54400110 111243 6669.2 X X
MFS High Income Class A COM 55298410 37821 7343.9 X X
MFS Managed Municipal BondCOM 55298750 62178 5910.4 X X
MFS Total Return Class A COM 55298130 88270 5739.2 X X
MSDW American OpportunitieCOM 61693320 37718 1066.6 X X
MSDW Global Dividend Gr SeCOM 61694120 2237 160.96 X X
MSDW Health Sciences COM 24192310 13180 1000 X X
MSDW U.S. Government SecurCOM 24190610 209487 23697. X X
Montgomery Global CommunicCOM 61382850 12641 472.89 X X
Municipal Income OpportuniCOM 61745P45 18625 2000 X X
Municipal Income OpportuniCOM 61745P44 9904 1228.4 X X
Oakmark Fund COM 41383810 322066 8100.2 X X
Oppenheimer CA Tax Exempt COM 68391210 91929 8664.3 X X
Oppenheimer Growth FD CL ACOM 68396710 3263 82.786 X X
Oppenheimer Strategic IncoCOM 68380K10 16834 3808.5 X X
Papp America-Abroad COM 69887510 57119 1707.0 X X
Prudential Jennison GrowthCOM 74435j10 13996 667.43 X X
Prudential Small CompaniesCOM 74396810 29788 2138.4 X X
Putnam Health Sciences TR COM 74677810 164827 2775.3 X X
Schwab 1000 Fund COM 80851710 188676 5056.9 X X
Scudder Growth & Income FuCOM 46096588 197962 6798.1 X X
Spartan Market Index COM 31591220 26590 280.51 X X
T Rowe Price Growth Stock COM 74147910 167971 4825.3 X X
T. Rowe Price Dividend GroCOM 77954610 54382 2388.3 X X
T. Rowe Price Equity IncomCOM 77954710 27603 948.89 X X
T. Rowe Price High Yield COM 74148110 7592 922.47 X X
T. Rowe Price Science & TeCOM 77957M10 9796 198.78 X X
T. Rowe Price Value Fund COM 77957810 74044 3536.0 X X
USAA Tax Exempt Int-term FCOM 90328920 38128 2928.4 X X
Vanguard Bond Index Fund TCOM 92193710 9556 974.13 X X
Vanguard Fixed Income Sec COM 92203120 7524 991.36 X X
Vanguard Index Trust 500 PCOM 92290810 631110 4976.0 X X
Vanguard Muni Bond Ltd TrmCOM 92290770 15774 1481.1 X X
Vanguard Sp Health Care PoCOM 92190830 28113 282.23 X X
Vanguard Wellesley Inc. FuCOM 92193810 2822 132.35 X X
Vanguard Wellington Fund COM 92193510 4441 143.11 X X
Vanguard Windsor II Fund COM 92201810 8098 246.59 X X
Qualcom Call January 2000 COM 7475259 228250 22 X X
GE Leap January 2000 @90 COM zcgv1 -159000 -60 X X
Novell August 1999 25 COM 66799M47 -3125 -10 X X
Waste Management COM 92929QAF 7595 7000 X X
$222,397,574
</TABLE>
