UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 13F
November 15, 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 November 15, 1999
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 393
Form 13F Information Table Value Total: $ 228,090,177
<PAGE>
<TABLE> <C> <C>
Name of Reporting Manager: Albion Management Group
Voting Authority (shares
(b) Shared-Manag(a) S(b) Sh(c) None
Name of Issuer Title o CUSIP n Value Shares/ (a) SAs Def(c) SSee Intr. V
PRN AMT in InsOther
ADC Telecom, Inc. COM 00088610 1,983,644 47300 X X
AES Corp. COM 00130H10 17,700 300 X X
AT&T Corp. COM 00195710 1,545,425 35527 X X
Abbott Laboratories COM 00282410 102,725 2800 X X
Advanced Digital InformaCOM 00752510 5,563 200 X X
Advanced Polymer SystemsCOM 00754G10 4,125 1000 X X
Advanced Precision Tech.COM 00754H20 2,000 10000 X X
Advanced Radio Telecom CCOM 00754U10 25,250 2000 X X
Aegis Realty, Inc. COM 00760P10 1,577 174 X X
Aetna, Inc. COM 00811710 19,700 400 X X
Air Products and ChemicaCOM 00915810 20,475 700 X X
Albertsons, Inc. COM 01310410 640,042 16178 X X
Alexander & Baldwin COM 01448210 1,313 55 X X
Allergan Inc. COM 01849010 40,920 372 X X
Amazon Com, Inc. COM 02313510 167,869 2100 X X
America Online COM 02364J10 1,128,974 10849 X X
American Express COM 02581610 27,000 200 X X
American Home Prods. CorCOM 02660910 159,111 3834 X X
American Italian Pasta CCOM 02707010 5,725 200 X X
Ameritech Corp. New COM 03095410 268,736 4026 X X
Amgen Corp. COM 03116210 81,500 1000 X X
Analog Devices, Inc. COM 03265410 1,419,625 27700 X X
Apple Computer, Inc. COM 03783310 6,331 100 X X
Applied Materials Inc. DCOM 03822210 7,769 100 X X
Associated Estates RealtCOM 04560410 9,188 1000 X X
Associates First CapitalCOM 04600810 38,056 1048 X X
At Home Corporation COM 04591910 16,575 400 X X
Auto Desk, Inc. COM 05276910 2,078 95 X X
Automatic Data ProcessinCOM 05301510 53,550 1200 X X
Aviron COM 05376210 12,125 500 X X
Axent Technologies Inc. COM 05459C10 776 60 X X
Axogen COM G0690R10 1,917,059 59675 X X
BF Goodrich Company COM 38238810 69,600 2400 X X
BP Amoco p.l.c. COM 05562210 659,556 5952 X X
Bank of America Corp. COM 06605F10 43,325 778 X X
Barrick Gold Corp. COM 06790110 21,750 1000 X X
Baxter International COM 07181310 12,050 200 X X
Bell Atlantic Corp. COM 07785310 330,774 4914 X X
BellSouth Corp. COM 07986010 264,240 5872 X X
Bestfoods COM 08658U10 38,850 800 X X
Bid.Com COM 08878810 4,100 800 X X
Biochem Pharma, Inc. COM 09058T10 896,459 37450 X X
Biogen COM 09059710 7,881 100 X X
Biosys Inc New COM 09066N20 0 573 X X
Boeing COM 09702310 19,181 450 X X
Bristol Myers Squibb Co.COM 11012210 721,072 10682.54 X X
Broken Hill Proprietary COM 11216960 2,325 100 X X
Burlington Northern SantCOM 12189T10 173,250 6300 X X
Burlington Resources, InCOM 12201410 5,072 138 X X
CBS Corp. COM 22049310 77,700 1680 X X
CEC Inds. Corp. New COM 12513820 140 2800 X X
CFI International Co. COM 12525210 0 500 X X
CMGI, Inc. COM 12575010 10,250 100 X X
Cabot Corporation COM 12705510 28,500 1200 X X
Cardinal Health, Inc. COM 14149Y10 3,543 65 X X
Careerbuilder Inc. COM 14168410 7,031 1000 X X
Caremark Rx, Inc. COM 14170510 11,500 2000 X X
Caterpillar Inc. COM 14912310 5,504 100.4119 X X
Celgene Corporation COM 15102010 2,706 100 X X
Central and Southwest CoCOM 15235710 21,125 1000 X X
Charles Schwab CorporatiCOM 80851310 33,438 1000 X X
Chase Manhattan Corp. NeCOM 16161A10 213,462 2832 X X
Chevron COM 16675110 472,150 5320 X X
Chris-Craft Industries COM 17052010 1,672,525 29800 X X
Cisco Systems COM 17275R10 335,956 4900 X X
Citigroup, Inc. COM 17303410 181,280 4120 X X
Citrix Systems Inc. COM 17737610 306,591 4950 X X
Claire's Stores COM 17958410 973,511 58778 X X
Coca-Cola Co. COM 19121610 728,575 15100 X X
Colorado Casino COM 19633410 80 1000 X X
Compaq Computer COM 20449310 141,825 6200 X X
Computer Sciences CorporCOM 20536310 2,601,563 37000 X X
Computerized Thermal ImaCOM 20557C10 6,435 4500 X X
Compuware Corporation COM 20563810 2,606 100 X X
Consolidated Graphics COM 20934110 8,425 200 X X
Consolidated Natural GasCOM 20961510 58,258 934 X X
Cordant Technologies IncCOM 21841210 609 20 X X
Corn Products InternatioCOM 21902310 3,044 100 X X
Covol Technologies Inc. COM 22357510 10,125 4050 X X
Cox Communications Inc. COM 22404410 5,010 120 X X
Curtiss Wright COM 23156110 452 14 X X
Cytogen COM 23282410 1,800 900 X X
Daltex Med Sciences Inc COM 23550210 35 1500 X X
Dayton Hudson COM 23975310 12,013 200 X X
Del Rio Resources Inc. COM 24537010 0 22500 X X
Dell Computer COM 24702510 16,725 400 X X
Delphi Automotive SystemCOM 24712610 23,997 1493.968 X X
Delta Air Lines COM 24736110 97,000 2000 X X
Dial Corp COM 25247D10 6,987 274 X X
Diamond Offshore DrillinCOM 25271C10 16,688 500 X X
Diversinet Corp New COM 25536K20 5,094 500 X X
Dominion Resources COM 25747010 81,135 1798 X X
Dover COM 26000310 57,225 1400 X X
Du Pont De Nemours COM 26353410 358,765 5930 X X
Dun and Bradstreet COM 26483010 8,963 300 X X
E Toys COM 29786210 19,969 300 X X
EBay Inc. COM 27864210 49,372 350 X X
EMC Corp COM 26864810 214,125 3000 X X
Earl Owensby Studios COM 27010010 500 5000 X X
Edison International COM 28102010 178,648 7348 X X
Elan Corp. COM 28413120 4,210,214 125444 X X
Electronic Data Systems COM 28566110 1,694 32 X X
Electronics For Imaging,COM 28608210 10,281 200 X X
Eli Lilly & Co. COM 53245710 256,750 4000 X X
Emerson Electric COM 29101110 22,116 350 X X
Emulex Corporation COM 29247520 8,588 100 X X
Energen Corp COM 29265N10 4,050 200 X X
Enron Corp. COM 29356110 67,425 1642 X X
Epimmune Inc. COM 29425Y10 417 119 X X
Exabyte Corp. COM 30061510 434 100 X X
Exxon COM 30229010 1,222,004 16079 X X
FDX Corp. COM 31304N10 7,775 200 X X
FMC Corp. COM 30249130 19,300 400 X X
Fairmile Gold Corp COM 30490110 20 2000 X X
Fannie Mae COM 31358610 62,688 1000 X X
FelCor Lodging Trust IncCOM 31430510 1,750 100 X X
Finova Group COM 31792810 1,314 36 X X
First Data COM 31996310 13,865 316 X X
First Security Corp COM 33629410 417,507 17556.12 X X
First Union Corporation COM 33735810 5,843 164 X X
FirstEnergy Corp COM 33793210 12,656 500 X X
Firstar Corp. COM 33761C10 3,844 150 X X
Ford Motor Co. COM 34537010 100,500 2000 X X
Fortune Brands COM 34963110 125,775 3900 X X
Frontier Oil Corp. COM 93067610 6,813 1000 X X
GTE Corp. COM 36232010 530,438 6900 X X
Gallaher Group Plc ADS COM 36359510 106,031 3900 X X
General Electric COM 36960410 136,828,47 1154062 X X
General Mills COM 37033410 29,692 366 X X
General Motors Corp COM 37044210 114,295 1816 X X
General Motors Corp. CL COM 37044250 6,183 108 X X
General Public UtilitiesCOM 36225X10 97,875 3000 X X
Genesee & Wyoming Inc., COM 37155910 1,138 100 X X
Genetronics Biomedical LCOM 37191610 3,563 1000 X X
Gillette Co. COM 37576610 48,802 1438 X X
Glaxo Wellcome Plc Adr COM 37733W10 55,432 1066 X X
Gliatech, Inc. COM 37929C10 3,425 200 X X
Global Crossing COM G3921A10 55,173 2082 X X
Globalstar Telecom Ltd. COM G3930H10 616,400 26800 X X
Goodyear Tire & Rubber COM 38255010 54,381 1130 X X
Harley-Davidson Inc. COM 41282210 10,013 200 X X
Healtheon Corporation COM 42220910 18,500 500 X X
Healthsouth Corporation COM 42192410 3,063 500 X X
Hewlett-Packard COM 42823610 58,443 644 X X
Hilton Hotels COM 43284810 9,875 1000 X X
Hispanic Broadcasting CoCOM 42279910 19,031 250 X X
Home Depot COM 43707610 58,331 850 X X
Homestake Mining COM 43761410 9,188 1000 X X
Honeywell, Inc. COM 43850610 356,200 3200 X X
IDX Systems Corporation COM 44949110 18,125 1000 X X
ITI Tech. Inc. COM 45056410 3,006 100 X X
Ikon Office Solutions COM 45171310 53,438 5000 X X
Imation Corp. COM 45245A10 18,600 600 X X
Inktomi Corporation COM 45727710 72,019 600 X X
Intel Corp. COM 45814010 4,583,621 61680.35 X X
Intercapital Quality MunCOM 45844G10 8,856 650 X X
International Business MCOM 45920010 2,473,966 20446 X X
International Paper COM 46014610 130,538 2716 X X
Ipalco Enterprises Inc. COM 46261310 45,484 2340 X X
Isis Pharmaceuticals, InCOM 46433010 27,969 2500 X X
Itron, Inc. COM 46574110 5,875 1000 X X
J.P. Morgan COM 61688010 22,850 200 X X
Johnson & Johnson COM 47816010 2,728,688 29700 X X
Johnson Controls COM 47836610 147,214 2220 X X
Kansas City So. Ind COM 48517010 13,950 300 X X
Kimberly-Clark Corp. COM 49436810 42,200 800 X X
Knight/Trimark Group IncCOM 49906710 11,850 400 X X
Labor Ready IncorporatedCOM 50540120 10,364 1030 X X
Liberty Media Group, ClaCOM 00195720 26,119 700 X X
Loews Corp. COM 54042410 7,019 100 X X
Loral Space & Com Ltd. COM G5646210 1,574,289 91595 X X
Lucent Technologies COM 54946310 4,327,163 66700 X X
Lydall, Inc. COM 55081910 7,219 700 X X
MCI WorldCom, Inc. COM 55268B10 35,938 500 X X
MSH Entertainment:CorporCOM 55357410 224 800 X X
Maxicare Health Plans COM 57790420 9 2 X X
McDonalds Corp. COM 58013510 8,650 200 X X
McGraw-Hill Companies, ICOM 58064510 67,725 1400 X X
McWhorter COM 58280310 620,901 42095 X X
MediaOne Group Inc. COM 91288920 30,262 443 X X
Medtronic, Inc. COM 58505510 8,535 240 X X
Megafoods Stores, Inc. COM 58495110 100 10000 X X
Mellon Financial Corp. COM 58550910 6,725 200 X X
Merck & Co., Inc. COM 58933110 956,244 14754 X X
Microsoft Corp. COM 59491810 3,473,072 38350 X X
Minimed Inc. COM 60365K10 9,825 100 X X
Minnesota Mining and ManCOM 60405910 463,598 4826 X X
Mirage Resorts, Inc. COM 60462E10 700 50 X X
Mobil Corp. COM 60705910 511,810 5080 X X
Morgan Stanley Dean WittCOM 61744644 52,621 590 X X
Motorola, Inc. COM 62007610 17,952 204 X X
Muniinsured FD Inc. COM 62624510 64,000 8000 X X
NAL Financial Group Inc.COM 62872M10 16 2000 X X
NCR Corp. COM 62886E10 3,042 92 X X
Nasdaq 100 Index COM 63110010 1,806 15 X X
Nexar Tech. Inc. Com. COM 65332P10 50 2000 X X
Nisource Inc. COM 62914010 34,294 1550 X X
Noble Drilling Corp. COM 65504210 8,750 400 X X
Nokia Corp. COM 65490220 80,888 900 X X
Norfolk Southern COM 65584410 85,750 3500 X X
Norsk Hydro ASA COM 65653160 25,800 600 X X
Northern States Power COM 66577210 18,371 852 X X
Novell COM 67000610 22,756 1100 X X
Ogden Corp. COM 67634610 1,556 150 X X
Old Republic Intl Corp. COM 68022310 1,444 100 X X
Oracle Systems COM 68389X10 2,618,753 57555 X X
Orbital Sciences Corp. COM 68556410 611,625 34950 X X
PDG Environmental COM 69328310 33 150 X X
PG&E Corp. COM 69331C10 116,645 4508 X X
PNC Bank Corp. COM 69347510 5,269 100 X X
PP&L Resources, Inc. COM 69349910 6,495 240 X X
Pacificorp COM 69511410 28,698 1426 X X
Peoples Energy COM 71103010 10,556 300 X X
PepsiCo, Inc. COM 71344810 6,100 200 X X
PetsMart, Inc. COM 71676810 744 200 X X
Pfizer, Inc. COM 71708110 86,100 2400 X X
Philip Morris COM 71815410 6,154 180 X X
Pinnacle West COM 72348410 3,638 100 X X
Pitney Bowes COM 72447910 36,563 600 X X
Potomac Electric Power CCOM 73767910 12,719 500 X X
Powertel COM 73936C10 5,506 100 X X
Procter & Gamble Co. COM 74271810 187,500 2000 X X
Public Service EnterprisCOM 74457310 19,119 495 X X
Puget Sound Energy Inc. COM 74533210 11,219 500 X X
QLogic Corporation COM 74727710 13,963 200 X X
Qualcomm Inc. COM 74752510 10,433,691 55150 X X
Questar Corp. COM 74835610 60,574 3342 X X
Qwest Communications IntCOM 74912110 65,984 2232 X X
R.H. Donnelley CorporatiCOM 74955W30 1,118 60 X X
Raytheon Co. Class A COM 75511130 734 15.1368 X X
Restoration Hardware, InCOM 76098110 3,000 400 X X
Royal Dutch Petroleum CoCOM 78025780 94,500 1600 X X
SBC Communications Inc. COM 78387G10 231,568 4535 X X
SPX Corporation COM 78463510 9,075 100 X X
Sapient Corporation COM 80306210 9,425 100 X X
Schering Plough Corp COM 80660510 218,125 5000 X X
Schlumberger Ltd. COM 80685710 442,419 7100 X X
Scios Inc. COM 80890510 8,599 2332 X X
Scotts Co. Cl A COM 81018610 3,463 100 X X
Sealed Air Corp New COM 81211K10 3,848 75 X X
Sears Roebuck COM 81238710 15,688 500 X X
Sempra Energy COM 81685110 96,424 4633 X X
SkyWest Inc. COM 83087910 21,938 1000 X X
SmarTire Systems, Inc. COM 83191310 2,063 1000 X X
Smithkline Beecham PLC COM 83237830 184,400 3200 X X
Softech, Inc. COM 83402110 781 500 X X
Sony Corporation COM 83569930 11,255 75 X X
Southwest Airlines Co. COM 84474110 3,417 225 X X
Sprint PCS Series 1 COM 85206150 37,281 500 X X
Standard & Poors DepositCOM 78462F10 64,246 499 X X
Staples Inc. COM 85503010 3,272 150 X X
Starbucks Corp. COM 85524410 4,956 200 X X
Summit Technology, Inc. COM 86627E10 1,329,488 72600 X X
Sun Microsystems COM 86681010 204,600 2200 X X
Sunoco Inc. COM 86764P10 27,348 999 X X
Sunshine Mng. & Refng. COM 86783310 1,250 625 X X
Symbol Technologies, IncCOM 87150810 6,288 187 X X
Teco Energy, Inc. COM 87237510 10,563 500 X X
Tellabs, Inc. COM 87966410 13,665 240 X X
Texaco, Inc. COM 88169410 359,560 5696 X X
Thermo Electron COM 88355610 285,547 21250 X X
Thermo Fibertek COM 88355W10 270 44 X X
TranSwitch Corporation COM 89406510 11,400 200 X X
Trans World Airlines, InCOM 89334983 4 1 X X
Transocean Offshore, IncCOM 89381710 45,938 1500 X X
TriQuint Semiconductor ICOM 89674K10 5,719 100 X X
Tyco International COM 90212410 392,453 3801 X X
Tyler Technologies, Inc.COM 90218410 3,062 690 X X
UNUMProvident Corp. COM 90319210 5,888 200 X X
US West, Inc. COM 91273H10 37,604 659 X X
US Worldlink, Inc. COM 91274A10 159 500 X X
USA Networks, Inc. COM 90298410 3,488 90 X X
USX-Marathon Group Inc. COM 90290582 1,346 46 X X
USX-United States Steel COM 90337T10 232 9 X X
Union Pacific Corp. COM 90781810 185,329 3856 X X
Union Pacific Resources COM 90783410 30,388 1870 X X
United Illuminating CompCOM 91063710 24,188 500 X X
United Stationers COM 91300410 597 28 X X
United Technologies CorpCOM 91301710 74,497 1256 X X
Usana Inc. COM 90328M10 7,375 1000 X X
VISX, Incorporated COM 92844S10 1,042,060 13175 X X
Valspar Corp. COM 92035510 6,866,990 210080 X X
VeriSign, Inc. COM 92343E10 10,650 100 X X
Veritas Software CorporaCOM 92343610 15,188 200 X X
Viewcast.com Inc. COM 92671310 6,500 1000 X X
Vignette Corporation COM 92673410 90,500 1000 X X
Vodafone COM 92857T10 47,075 198 X X
Wal-Mart Stores COM 93114210 34,721 730 X X
Walgreen Co. COM 93142210 5,075 200 X X
Wall Street Deli Inc COM 93190410 175 100 X X
Walt Disney Company COM 25468710 1,234,740 47490 X X
Warner Lambert COM 93448810 557,550 8400 X X
Waste Management Inc COM 94106L10 1,925 100 X X
Watson Pharmaceuticals, COM 94268310 24,389 798 X X
Weingarten Realty InvestCOM 94874110 145,763 3900 X X
Wells Fargo & Co. COM 94974610 55,475 1400 X X
Western Health Plans IncCOM 95830510 0 600 X X
Williams Companies, Inc.COM 96945710 22,575 600 X X
Wind River Systems, Inc.COM 97314910 19,000 1000 X X
Wm. Wrigley Jr. Co. COM 98252610 116,981 1700 X X
Workflow Management Inc.COM 98137N10 1,300 100 X X
World Wireless CommunicaCOM 98155B10 3,188 2000 X X
Wyndham International InCOM 98310110 37 14 X X
XXSYS Technologies COM 98385810 130 1000 X X
Xerox COM 98412110 37,744 900 X X
Yahoo, Inc. COM 98433210 49,722 277 X X
Ziff-Davis Inc. COM 98951110 16,125 1000 X X
Health Care Property INVCOM 42191510 5,250 200 X X
Iomed, Inc. 10/24/98 COM 46202810 99,220 41777 X X
Central Hudson Gas & EleCOM 15360920 700 10 X X
Central Hudson Gas & EleCOM 15360930 79 1 X X
Ford Motor Co. Dep SH COM 34537040 55,500 2000 X X
Merrill Lynch & Co. Inc COM 59018881 45,750 1500 X X
Pacificorp QUIDS 8.55% COM 69511461 5,000 200 X X
Alabama Power TOP 7.375%COM 01038320 23,438 1000 X X
Allstate Corp Quibs 7COM 02000220 22,125 1000 X X
Appalachian Power 8.00COM 03773581 24,000 1000 X X
BNKAM Cap IV 7.0COM 06604420 22,313 1000 X X
Citigroup Cap I COM 17305F20 113,466 4550 X X
Colum So PW 7.92% DEF SeCOM 19957579 23,750 1000 X X
Farmers Group 8.45COM 30959320 24,688 1000 X X
HL&P Capital Trust 8.12COM 40420220 24,500 1000 X X
Sears ACC Ser Quib 7.000COM 81240420 21,875 1000 X X
Tennessee Valley Auth. 6COM 88059130 23,125 1000 X X
Transamerica Quibs 7.100COM 89395020 22,000 1000 X X
Elan 1996 Warrant WT 28413170 3,372,019 89325 X X
Intellicell Corp Wts WT 45815F11 0 1750 X X
Dreyfus Strategic GovernCOM 26193810 3,111 380 X X
Leviathan Gas Pipeline LCOM 52736710 6,825 300 X X
AIM Weingarten Fund COM 00141330 15,385 567.718 X X
Achievement Funds-EquityCOM 00446920 41,802 2384.57 X X
Achievement Funds-Muni BCOM 00446940 39,936 4121.34 X X
Babson Growth Fund COM 05616110 33,536 1800.13 X X
CGM Realty COM 12532540 14,059 1234.324 X X
Cohen & Steers Realty ShCOM 19247610 16,138 447.277 X X
Cohen & Steers Special ECOM 19247M10 2,682 129.356 X X
Dreyfus Appreciation FunCOM 26197010 186,773 4450.155 X X
Federated US Govt SecuriCOM 31428M10 131,614 12655.146 X X
Fidelity - Equity IncomeCOM 31614510 5,422 183.967 X X
Fidelity Advisor Equity COM 31580510 38,730 607.249 X X
Fidelity Contrafund COM 31607110 80,174 1338.237 X X
Fidelity Dividend GrowthCOM 31638940 76,588 2834.503 X X
Fidelity Growth & IncomeCOM 31638920 3,251 75.405 X X
Fidelity Low Price StockCOM 31634530 28,979 1338.504 X X
Fidelity Magellan Fund COM 31618410 3,303 27.072 X X
Fidelity New Millennium COM 31620030 16,908 474.811 X X
Franklin Templeton GlobaCOM 35472810 42,374 3597.122 X X
Franklin US Govt SecuritCOM 35349660 31 4.678 X X
Invesco INT European FunCOM 46127X10 4,044 236.186 X X
Invesco INT Pacific BasiCOM 46127X20 1,531 165.849 X X
Invesco ISP Financial SeCOM 46127P60 14,089 542.314 X X
Janus Fund Inc COM 47102310 176,133 4451.176 X X
Janus Growth and Income COM 47102320 306,052 9004.184 X X
Janus High Yield Fund COM 47102376 7,197 714.653 X X
Janus Mercury Fund COM 47102385 268,154 8089.101 X X
Lord Abbett Affiliated FCOM 54400110 103,820 6693.739 X X
MFS High Income Class A COM 55298410 36,573 7343.967 X X
MFS Managed Municipal BoCOM 55298750 61,589 5985.337 X X
MFS Total Return Class ACOM 55298130 83,621 5739.259 X X
MSDW American OpportunitCOM 61693320 36,833 1066.696 X X
MSDW Global Dividend Gr COM 61694120 2,202 160.965 X X
MSDW Health Sciences COM 24192310 12,830 1000 X X
MSDW U.S. Government SecCOM 24190610 210,910 24076.437 X X
Montgomery Global CommunCOM 61382850 12,716 472.899 X X
Municipal Income OpportuCOM 61745P45 17,000 2000 X X
Municipal Income OpportuCOM 61745P44 9,290 1228.452 X X
Oakmark Fund COM 41383810 214,673 6245.929 X X
Oppenheimer CA Tax ExempCOM 68391210 90,119 8775.023 X X
Oppenheimer Growth FD CLCOM 68396710 3,283 82.786 X X
Oppenheimer Strategic InCOM 68380K10 16,861 3894.082 X X
Papp America-Abroad COM 69887510 52,715 1707.097 X X
Prudential Jennison GrowCOM 74435j10 13,389 667.435 X X
Prudential Small CompaniCOM 74396810 26,837 2138.413 X X
Putnam Health Sciences TCOM 74677810 155,336 2775.337 X X
Schwab 1000 Fund COM 80851710 176,084 5056.972 X X
Scudder Growth & Income COM 46096588 176,145 6832.606 X X
Spartan Market Index COM 31591220 24,918 280.513 X X
T Rowe Price Growth StocCOM 74147910 157,307 4825.361 X X
T. Rowe Price Dividend GCOM 77954610 49,847 2402.277 X X
T. Rowe Price Equity IncCOM 77954710 25,251 953.588 X X
T. Rowe Price High YieldCOM 74148110 7,490 944.546 X X
T. Rowe Price Science & COM 77957M10 10,567 198.785 X X
T. Rowe Price Value FundCOM 77957810 86,393 4654.784 X X
USAA Tax Exempt Int-termCOM 90328920 37,808 2967.68 X X
Vanguard Bond Index FundCOM 92193710 9,630 989.75 X X
Vanguard Fixed Income SeCOM 92203120 7,453 1012.655 X X
Vanguard Index Trust 500COM 92290810 586,010 4943.15 X X
Vanguard Muni Bond Ltd TCOM 92290770 15,914 1497.121 X X
Vanguard Sp Health Care COM 92190830 26,087 282.234 X X
Vanguard Wellesley Inc. COM 92193810 2,735 134.177 X X
Vanguard Wellington FundCOM 92193510 4,208 144.346 X X
Vanguard Windsor II FundCOM 92201810 7,001 246.596 X X
Waste Management COM 92929QAF 5,723 7000 X X
228,090,177
</TABLE>
