|
|
|
|
|
|
|
|
|
|
|
|
|
<PAGE>
FORM 13F
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT
MANAGERS PURSUANT TO SECTION 13(f) OF THE SECURITIES
EXCHANGE ACT OF 1934 AND RULES THEREUNDER
Securities and Exchange Commission
Washington, D.C. 20549
Report for the Calendar Quarter Ended 3/31/99
-------
If amended report check here: [_]
Name of Institutional Manager:
Welch & Forbes, Inc.
- --------------------------------------------------------------------------------
Business Address:
Street 45 School Street City Boston State MA Zip 02108
--------------------- --------- ----- ----------
Name, Phone No. and Title of Person Duly Authorized to Submit Report:
V. William Efthim, (617) 523-1635, Vice President
- --------------------------------------------------------------------------------
The institutional investment manager submitting this Form and its
attachments and the person by whom it is signed represent hereby that all the
information contained therein is true, correct and complete. It is understood
that all the required items, statements and schedules are considered integral
parts of this Form and that the submission of any amendment represents that all
unamended items, statements and schedules remain true, correct and complete as
previously submitted.
Pursuant to the requirements of Securities Exchange Act of 1934, the
undersigned institutional investment manager has caused this report to be signed
on his behalf in the City of Boston and State of Massachusetts on the 21st day
of April , 1999.
--------------------------------
--------------------------------
Name and 13F file numbers of all Institutional Investment Managers with respect
to which this schedule is filed (other than the one filing this report).
<PAGE>
<TABLE>
<S> <C> <C>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 1
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
<CAPTION>
HOLDING COMPANY: (2) WELCH AND FORBES
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON
------
A T & T CORP 001957109 411,992.15 5162 X 0 0 5162
5,063,812.40 63446 X 0 0 63446
----------------- -------------- ------------- ---------- ----------
5,475,804.55 68608 0 0 68608
A T & T CORP-LIBERTY MEDIA 001957208 2,422,768.71 46069 X 0 0 46069
GROUP A
ABBOTT LABS 002824100 13,423,952.54 286760 X 0 0 286760
50,647,614.13 1081925 X 0 0 1081925
----------------- -------------- ------------- ---------- ----------
64,071,566.67 1368685 0 0 1368685
AETNA INC 008117103 785,595.00 9465 X 0 0 9465
AFLAC INC 001055102 287,865.51 5288 X 0 0 5288
AIR PRODS & CHEMS INC 009158106 99,325.00 2900 X 0 0 2900
6,961,586.50 203258 X 0 0 203258
----------------- -------------- ------------- ---------- ----------
7,060,911.50 206158 0 0 206158
AIRTOUCH COMMUNICATIONS 00949T100 411,139.38 4255 X 0 0 4255
6,926,176.64 71681 X 0 0 71681
----------------- -------------- ------------- ---------- ----------
7,337,316.02 75936 0 0 75936
ALBERTSONS INC 013104104 21,775.00 400 X 0 0 400
348,835.50 6408 X 0 0 6408
----------------- -------------- ------------- ---------- ----------
370,610.50 6808 0 0 6808
ALCOA INC. 013817101 300,668.75 7300 X 0 0 7300
ALLEGIANCE TELECOM INC 01747T102 31,250.00 1250 X 0 0 1250
415,000.00 16600 X 0 0 16600
----------------- -------------- ------------- ---------- ----------
446,250.00 17850 0 0 17850
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 88,559,357.21 1812167 0 0 1812167
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 2
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
<CAPTION>
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
ALLSTATE CORP 020002101 5,559.38 150 X 0 0 150
2,818,417.89 76045 X 0 0 76045
----------------- -------------- ------------- ---------- ----------
2,823,977.27 76195 0 0 76195
ALLTEL CORP 020039103 198,103.00 3176 X 0 0 3176
11,104,434.13 178027 X 0 0 178027
----------------- -------------- ------------- ---------- ----------
11,302,537.13 181203 0 0 181203
ALZA CORP DEL 022615108 59,287.50 1550 X 0 0 1550
2,574,225.00 67300 X 0 0 67300
----------------- -------------- ------------- ---------- ----------
2,633,512.50 68850 0 0 68850
AMAZON.COM 023135106 292,717.90 1700 X 0 0 1700
AMERICA ONLINE INC 02364J104 156,555.00 1065 X 0 0 1065
4,116,000.00 28000 X 0 0 28000
----------------- -------------- ------------- ---------- ----------
4,272,555.00 29065 0 0 29065
AMERICAN ELEC PWR INC 025537101 259,834.07 6547 X 0 0 6547
AMERICAN EXPRESS CO 025816109 536,940.00 4560 X 0 0 4560
6,081,552.00 51648 X 0 0 51648
----------------- -------------- ------------- ---------- ----------
6,618,492.00 56208 0 0 56208
AMERICAN GENERAL CORP 026351106 172,795.50 2451 X 0 0 2451
18,468,039.00 261958 X 0 0 261958
----------------- -------------- ------------- ---------- ----------
18,640,834.50 264409 0 0 264409
AMERICAN HOME PRODS CORP 026609107 1,047,262.50 16050 X 0 0 16050
47,326,477.50 725310 X 0 0 725310
----------------- -------------- ------------- ---------- ----------
48,373,740.00 741360 0 0 741360
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 95,218,200.37 1425537 0 0 1425537
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 3
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
<CAPTION>
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
AMERICAN INTL GROUP 026874107 3,675,081.91 30467 X 0 0 30467
90,915,183.56 753701 X 0 0 753701
----------------- -------------- ------------- ---------- ----------
94,590,265.47 784168 0 0 784168
AMERICAN WTR WKS INC 030411102 466,000.00 16000 X 0 0 16000
AMERITECH CORP NEW 030954101 107,182.50 1860 X 0 0 1860
2,475,454.76 42958 X 0 0 42958
----------------- -------------- ------------- ---------- ----------
2,582,637.26 44818 0 0 44818
AMGEN INC 031162100 186,438.75 2490 X 0 0 2490
7,690,860.50 102716 X 0 0 102716
----------------- -------------- ------------- ---------- ----------
7,877,299.25 105206 0 0 105206
AMP INC 031897101 3,569,680.50 66723 X 0 0 66723
ANADARKO PETE CORP 032511107 461,531.50 12226 X 0 0 12226
ANALOG DEVICES INC 032654105 55,037.50 1850 X 0 0 1850
959,735.00 32260 X 0 0 32260
----------------- -------------- ------------- ---------- ----------
1,014,772.50 34110 0 0 34110
ANHEUSER BUSCH COS INC 035229103 11,289,337.50 148300 X 0 0 148300
ANIKA THERAPEUTICS INC 035255108 217,539.00 41436 X 0 0 41436
APPLIED MATLS INC 038222105 129,542.70 2100 X 0 0 2100
2,378,774.09 38562 X 0 0 38562
----------------- -------------- ------------- ---------- ----------
2,508,316.79 40662 0 0 40662
AQUAFUTURE 0383799A3 933,975.00 1575 X 0 0 1575
ARGUS SOFTWARE 0402769C3 9,600.00 8000 X 0 0 8000
903,000.00 752500 X 0 0 752500
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 126,423,954.77 2055724 0 0 2055724
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 4
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
<CAPTION>
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
----------------- -------------- ------------- ---------- ----------
912,600.00 760500 0 0 760500
ARGUSS HLDGS INC 040282105 666,540.88 41498 X 0 0 41498
ATLANTIC RICHFIELD CO 048825103 29,250.00 400 X 0 0 400
5,489,347.50 75068 X 0 0 75068
----------------- -------------- ------------- ---------- ----------
5,518,597.50 75468 0 0 75468
AU BON PAIN INC A 050103100 7,875.00 1500 X 0 0 1500
107,257.50 20430 X 0 0 20430
----------------- -------------- ------------- ---------- ----------
115,132.50 21930 0 0 21930
AU BON PAIN INC B 050990100 21,216.44 4297 X 0 0 4297
699,115.46 141593 X 0 0 141593
----------------- -------------- ------------- ---------- ----------
720,331.90 145890 0 0 145890
AUTOMATIC DATA PROCESSING 053015103 777,353.50 18788 X 0 0 18788
5,677,312.00 137216 X 0 0 137216
----------------- -------------- ------------- ---------- ----------
6,454,665.50 156004 0 0 156004
AVALONBAY COMMUNITIES INC 053484101 212,510.63 6667 X 0 0 6667
AVANDEL HEALTHCARE INC 9899479J7 750,000.00 750000 X 0 0 750000
AVERY DENNISON CORP 053611109 580,750.00 10100 X 0 0 10100
AVERY DEWING CORP 0536229A6 654,385.68 1083 X 0 0 1083
AVIRON 053762100 12,150.00 600 X 0 0 600
233,401.50 11526 X 0 0 11526
----------------- -------------- ------------- ---------- ----------
245,551.50 12126 0 0 12126
BANK NEW YORK INC 064057102 502,514.06 13983 X 0 0 13983
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 16,420,980.15 1234749 0 0 1234749
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 5
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
<CAPTION>
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
1,814,843.75 50500 X 0 0 50500
----------------- -------------- ------------- ---------- ----------
2,317,357.81 64483 0 0 64483
BANK ONE CORPORATION 06423A103 120,421.70 2187 X 0 0 2187
16,619,294.18 301826 X 0 0 301826
----------------- -------------- ------------- ---------- ----------
16,739,715.88 304013 0 0 304013
BANKAMERICA CORP- NEW 06605F102 233,698.13 3309 X 0 0 3309
6,511,625.00 92200 X 0 0 92200
----------------- -------------- ------------- ---------- ----------
6,745,323.13 95509 0 0 95509
BANKBOSTON CORP 06605R106 13,860.00 320 X 0 0 320
1,930,611.40 44574 X 0 0 44574
----------------- -------------- ------------- ---------- ----------
1,944,471.40 44894 0 0 44894
BANKERS TRUST N Y CORP 066365107 250,894.75 2843 X 0 0 2843
BANYAN SYS INC 066908104 4,733,552.67 388410 X 0 0 388410
BAXTER INTL INC 071813109 1,177,968.00 17848 X 0 0 17848
BEACON CAP PARTNERS INC 073561102 1,320,000.00 66000 X 0 0 66000
BECTON DICKINSON & CO 075887109 237,537.50 6200 X 0 0 6200
298,837.50 7800 X 0 0 7800
----------------- -------------- ------------- ---------- ----------
536,375.00 14000 0 0 14000
BELL ATLANTIC CORP 077853109 523,284.25 10124 X 0 0 10124
1,862,610.80 36036 X 0 0 36036
----------------- -------------- ------------- ---------- ----------
2,385,895.05 46160 0 0 46160
BELLSOUTH CORP 079860102 154,320.75 3852 X 0 0 3852
31,359,683.09 782769 X 0 0 782769
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 69,163,043.47 1816798 0 0 1816798
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 6
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
<CAPTION>
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
----------------- -------------- ------------- ---------- ----------
31,514,003.84 786621 0 0 786621
BELO A H CORP DEL 080555105 1,277,938.00 70024 X 0 0 70024
BERKSHIRE HATHAWAY INC B 084670207 883,976.00 376 X 0 0 376
34,256,421.00 14571 X 0 0 14571
----------------- -------------- ------------- ---------- ----------
35,140,397.00 14947 0 0 14947
BERKSHIRE HATHAWAY INC CL A 084670108 285,600.00 4 X 0 0 4
CONV
BESTFOODS 08658U101 1,538,874.00 32742 X 0 0 32742
BIOGEN INC 090597105 891,633.60 7800 X 0 0 7800
BLACK & DECKER CORP 091797100 1,282,158.51 23128 X 0 0 23128
BLACK BOX CORP DEL 091826107 99,200.00 3200 X 0 0 3200
334,800.00 10800 X 0 0 10800
----------------- -------------- ------------- ---------- ----------
434,000.00 14000 0 0 14000
BLUE DIAMOND OIL CORP 095599908 134,400.00 22400 X 0 0 22400
BOSTON PRIVATE FINANCIAL 101119105 110,625.00 15000 X 0 0 15000
HOLDINGS INC
BOSTON SCIENTIFIC CORP 101137107 485,062.50 11940 X 0 0 11940
1,482,812.50 36500 X 0 0 36500
----------------- -------------- ------------- ---------- ----------
1,967,875.00 48440 0 0 48440
BRISTOL MYERS SQUIBB CO 110122108 3,113,268.75 48550 X 0 0 48550
33,377,960.25 520514 X 0 0 520514
----------------- -------------- ------------- ---------- ----------
36,491,229.00 569064 0 0 569064
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 79,554,730.11 817549 0 0 817549
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 7
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
<CAPTION>
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
BROKEN HILL PROPRIETARY LTD 112169602 260,975.25 15129 X 0 0 15129
ADR
BROOKLINE BANCCORP INC 113739106 153,744.50 13516 X 0 0 13516
BURLINGTN NORTHN SANTA FE 12189T104 917,245.38 27901 X 0 0 27901
BURLINGTON RESOURCES INC 122014103 503,731.70 12613 X 0 0 12613
CABLESOFT CORP 1269109D2 175.72 4393 X 0 0 4393
12,709.80 317745 X 0 0 317745
----------------- -------------- ------------- ---------- ----------
12,885.52 322138 0 0 322138
CABOT CORP 127055101 1,049,070.00 49368 X 0 0 49368
CABOT INDUSTRIAL TRUST 127072106 33,031.25 1750 X 0 0 1750
8,690,050.00 460400 X 0 0 460400
----------------- -------------- ------------- ---------- ----------
8,723,081.25 462150 0 0 462150
CAIRNSTONE INC 1277669C9 0.00 200000 X 0 0 200000
CAMPBELL SOUP CO 134429109 71,203.13 1750 X 0 0 1750
10,419,661.90 256090 X 0 0 256090
----------------- -------------- ------------- ---------- ----------
10,490,865.03 257840 0 0 257840
CAPITAL ONE FINL CORP 14040H105 1,223,100.00 8100 X 0 0 8100
CARDINAL HEALTH INC 14149Y108 248,820.00 3770 X 0 0 3770
876,216.00 13276 X 0 0 13276
----------------- -------------- ------------- ---------- ----------
1,125,036.00 17046 0 0 17046
CAROLINA PWR & LT CO 144141108 98,312.50 2600 X 0 0 2600
3,958,968.77 104700 X 0 0 104700
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 28,517,015.90 1493101 0 0 1493101
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 8
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
<CAPTION>
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
----------------- -------------- ------------- ---------- ----------
4,057,281.27 107300 0 0 107300
CATERPILLAR INC 149123101 145,070.63 3158 X 0 0 3158
334,425.00 7280 X 0 0 7280
----------------- -------------- ------------- ---------- ----------
479,495.63 10438 0 0 10438
CBS CORP 12490K107 102,031.25 2500 X 0 0 2500
285,687.50 7000 X 0 0 7000
----------------- -------------- ------------- ---------- ----------
387,718.75 9500 0 0 9500
CENTAUR INC 151327996 111,639.00 74426 X 0 0 74426
CHAMPION ENTERPRISES INC 158496109 202,468.75 10450 X 0 0 10450
2,961,468.75 152850 X 0 0 152850
----------------- -------------- ------------- ---------- ----------
3,163,937.50 163300 0 0 163300
CHASE GEN CORP 161555107 0.00 19129 X 0 0 19129
CHASE MANHATTAN CORP NEW 16161A108 256,819.50 3156 X 0 0 3156
CHEVRON CORP 166751107 330,150.00 3720 X 0 0 3720
6,410,856.25 72235 X 0 0 72235
----------------- -------------- ------------- ---------- ----------
6,741,006.25 75955 0 0 75955
CHUBB CORP 171232101 1,789,904.25 30564 X 0 0 30564
CIGNA CORP 125509109 73,419.76 876 X 0 0 876
3,187,473.18 38031 X 0 0 38031
----------------- -------------- ------------- ---------- ----------
3,260,892.94 38907 0 0 38907
CINTAS CORP 172908105 1,594,496.27 24390 X 0 0 24390
39,737,278.53 607836 X 0 0 607836
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 57,523,188.62 1057601 0 0 1057601
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 9
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
<CAPTION>
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
----------------- -------------- ------------- ---------- ----------
41,331,774.80 632226 0 0 632226
CISCO SYSTEMS INC 17275R102 2,041,578.30 18634 X 0 0 18634
17,393,953.55 158759 X 0 0 158759
----------------- -------------- ------------- ---------- ----------
19,435,531.85 177393 0 0 177393
CITIGROUP INC. 172967101 663,852.88 10393 X 0 0 10393
2,052,431.51 32132 X 0 0 32132
----------------- -------------- ------------- ---------- ----------
2,716,284.39 42525 0 0 42525
CLOSURE MED CORP 189093107 106,780.00 2810 X 0 0 2810
824,600.00 21700 X 0 0 21700
----------------- -------------- ------------- ---------- ----------
931,380.00 24510 0 0 24510
CMGI INC 125750109 3,633,780.70 19850 X 0 0 19850
COCA COLA CO 191216100 342,349.75 5578 X 0 0 5578
19,999,105.19 325851 X 0 0 325851
----------------- -------------- ------------- ---------- ----------
20,341,454.94 331429 0 0 331429
COGNEX CORP 192422103 207,261.25 8750 X 0 0 8750
12,708,312.37 536510 X 0 0 536510
----------------- -------------- ------------- ---------- ----------
12,915,573.62 545260 0 0 545260
COLGATE PALMOLIVE CO 194162103 204,240.00 2220 X 0 0 2220
7,740,696.00 84138 X 0 0 84138
----------------- -------------- ------------- ---------- ----------
7,944,936.00 86358 0 0 86358
COMERICA INC 200340107 279,220.50 4472 X 0 0 4472
COMPAQ COMPUTER CORP 204493100 246,275.25 7772 X 0 0 7772
513,337.50 16200 X 0 0 16200
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 68,957,774.75 1255769 0 0 1255769
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 10
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
<CAPTION>
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
----------------- -------------- ------------- ---------- ----------
759,612.75 23972 0 0 23972
COMPUTER SCIENCES CORP 205363104 751,101.88 13610 X 0 0 13610
CONAGRA INC 205887102 260,913.75 10182 X 0 0 10182
CONCORD EFS INC 206197105 158,205.88 5740 X 0 0 5740
286,093.56 10380 X 0 0 10380
----------------- -------------- ------------- ---------- ----------
444,299.44 16120 0 0 16120
CONSOLIDATED STORES CORP 210149100 512,766.25 16916 X 0 0 16916
CORNING INC 219350105 54,000.00 900 X 0 0 900
5,070,361.68 84506 X 0 0 84506
----------------- -------------- ------------- ---------- ----------
5,124,361.68 85406 0 0 85406
CORP FOR LASER OPTICS RES 2200359A9 12,501.00 6945 X 0 0 6945
137,500.20 76389 X 0 0 76389
----------------- -------------- ------------- ---------- ----------
150,001.20 83334 0 0 83334
COX COMMUNICATIONS INC A 224044107 186,113.13 2461 X 0 0 2461
1,195,706.88 15811 X 0 0 15811
----------------- -------------- ------------- ---------- ----------
1,381,820.01 18272 0 0 18272
CSX CORP 126408103 155,750.00 4000 X 0 0 4000
200,138.76 5140 X 0 0 5140
----------------- -------------- ------------- ---------- ----------
355,888.76 9140 0 0 9140
CVS CORP 126650100 285,000.00 6000 X 0 0 6000
DAYTON HUDSON CORP 239753106 333,791.25 5010 X 0 0 5010
DEVRY INC DEL 251893103 327,700.00 11300 X 0 0 11300
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 9,927,644.22 275290 0 0 275290
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 11
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
<CAPTION>
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
DIGITRACE CARE SYS 2538979A2 60,000.00 20000 X 0 0 20000
DII GROUP INC 232949107 1,755.00 60 X 0 0 60
2,590,409.25 88561 X 0 0 88561
----------------- -------------- ------------- ---------- ----------
2,592,164.25 88621 0 0 88621
DISNEY WALT CO 254687106 130,476.00 4192 X 0 0 4192
3,580,526.64 115037 X 0 0 115037
----------------- -------------- ------------- ---------- ----------
3,711,002.64 119229 0 0 119229
DOVER CORP 260003108 101,912.50 3100 X 0 0 3100
25,773,934.26 783998 X 0 0 783998
----------------- -------------- ------------- ---------- ----------
25,875,846.76 787098 0 0 787098
DOW CHEM CO 260543103 4,283,270.24 45964 X 0 0 45964
DOW JONES & CO INC 260561105 589,843.75 12500 X 0 0 12500
DPL INC 233293109 15,460.50 937 X 0 0 937
421,987.50 25575 X 0 0 25575
----------------- -------------- ------------- ---------- ----------
437,448.00 26512 0 0 26512
DU PONT E I DE NEMOURS 263534109 810,204.13 13954 X 0 0 13954
20,855,287.53 359187 X 0 0 359187
----------------- -------------- ------------- ---------- ----------
21,665,491.66 373141 0 0 373141
DUKE ENERGY CORP 264399106 70,160.01 1280 X 0 0 1280
336,877.64 6146 X 0 0 6146
----------------- -------------- ------------- ---------- ----------
407,037.65 7426 0 0 7426
DUN & BRADSTREET CORP 26483B106 736,155.01 20664 X 0 0 20664
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 60,358,259.96 1501155 0 0 1501155
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 12
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
<CAPTION>
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
E M C CORP MASS 268648102 2,606,100.00 20400 X 0 0 20400
20,756,820.00 162480 X 0 0 162480
----------------- -------------- ------------- ---------- ----------
23,362,920.00 182880 0 0 182880
E TOWN 269242103 303,795.00 7536 X 0 0 7536
E-TRAVEL SYSTEMS 2691999A5 24,128.00 92800 X 0 0 92800
EASTMAN KODAK CO 277461109 16,671.38 261 X 0 0 261
585,989.26 9174 X 0 0 9174
----------------- -------------- ------------- ---------- ----------
602,660.64 9435 0 0 9435
EDO CORP 281347104 182,000.00 28000 X 0 0 28000
EDUCATION PARTNERS LP III 2813909B2 15,385.00 1000 X 0 0 1000
251,775.53 16365 X 0 0 16365
----------------- -------------- ------------- ---------- ----------
267,160.53 17365 0 0 17365
ELAN PLC ADR 284131208 11,508.75 165 X 0 0 165
5,453,892.00 78192 X 0 0 78192
----------------- -------------- ------------- ---------- ----------
5,465,400.75 78357 0 0 78357
EMERSON ELEC CO 291011104 263,099.38 4970 X 0 0 4970
9,223,459.53 174233 X 0 0 174233
----------------- -------------- ------------- ---------- ----------
9,486,558.91 179203 0 0 179203
EMPOWER 2921999A6 200,000.00 100000 X 0 0 100000
ENERGY RESH CORP N Y 29271E100 323,000.00 38000 X 0 0 38000
ENERGYNORTH INC 292925104 493,817.50 17957 X 0 0 17957
ENRON CORP 293561106 35,980.00 560 X 0 0 560
280,258.50 4362 X 0 0 4362
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 41,027,679.83 756455 0 0 756455
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 13
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
<CAPTION>
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
----------------- -------------- ------------- ---------- ----------
316,238.50 4922 0 0 4922
EPICON INC 2942559C0 0.00 108350 X 0 0 108350
EQUIFAX INC 294429105 152,968.75 4450 X 0 0 4450
391,875.00 11400 X 0 0 11400
----------------- -------------- ------------- ---------- ----------
544,843.75 15850 0 0 15850
EQUITY OFFICE PPTYS TR 294741103 135,578.63 5343 X 0 0 5343
5,755,430.69 226815 X 0 0 226815
----------------- -------------- ------------- ---------- ----------
5,891,009.32 232158 0 0 232158
EXXON CORP 302290101 12,570,921.08 178153 X 0 0 178153
132,041,913.12 1871276 X 0 0 1871276
----------------- -------------- ------------- ---------- ----------
144,612,834.20 2049429 0 0 2049429
FEDERAL NATL MTG ASSN 313586109 405,112.50 5850 X 0 0 5850
2,262,120.50 32666 X 0 0 32666
----------------- -------------- ------------- ---------- ----------
2,667,233.00 38516 0 0 38516
FIDUCIARY CO INC 316476902 270,375.00 1250 X 0 0 1250
FIRST DATA CORP 319963104 427,500.00 10000 X 0 0 10000
FIRST UNION CORP 337358105 8,015.63 150 X 0 0 150
789,539.08 14775 X 0 0 14775
----------------- -------------- ------------- ---------- ----------
797,554.71 14925 0 0 14925
FIRSTAR CORP NEW WIS 33763V109 5,140,343.00 57434 X 0 0 57434
FLEET FINL GROUP INC NEW 338915101 79,012.50 2100 X 0 0 2100
8,725,764.25 231914 X 0 0 231914
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 169,156,469.73 2761926 0 0 2761926
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 14
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
<CAPTION>
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
----------------- -------------- ------------- ---------- ----------
8,804,776.75 234014 0 0 234014
FOCUS ENHANCEMENT 344159108 2,426.13 1493 X 0 0 1493
95,948.18 59045 X 0 0 59045
----------------- -------------- ------------- ---------- ----------
98,374.31 60538 0 0 60538
FPL GROUP INC 302571104 53,250.00 1000 X 0 0 1000
751,304.25 14109 X 0 0 14109
----------------- -------------- ------------- ---------- ----------
804,554.25 15109 0 0 15109
GAMEWRIGHT INC 364625996 6,250.00 6250 X 0 0 6250
156,150.00 156150 X 0 0 156150
----------------- -------------- ------------- ---------- ----------
162,400.00 162400 0 0 162400
GANNETT INC 364730101 602,973.00 9571 X 0 0 9571
GELTEX PHARMACEUTICALS 368538104 7,734.10 550 X 0 0 550
675,679.10 48050 X 0 0 48050
----------------- -------------- ------------- ---------- ----------
683,413.20 48600 0 0 48600
GENERAL ELEC CO 369604103 7,749,170.64 70049 X 0 0 70049
206,933,244.50 1870583 X 0 0 1870583
----------------- -------------- ------------- ---------- ----------
214,682,415.14 1940632 0 0 1940632
GENERAL MLS INC 370334104 181,350.00 2400 X 0 0 2400
6,927,721.14 91682 X 0 0 91682
----------------- -------------- ------------- ---------- ----------
7,109,071.14 94082 0 0 94082
GENERAL MTRS CORP 370442105 43,500.00 500 X 0 0 500
345,564.00 3972 X 0 0 3972
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 224,532,265.04 2335404 0 0 2335404
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 15
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
<CAPTION>
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
----------------- -------------- ------------- ---------- ----------
389,064.00 4472 0 0 4472
GENERAL ORTHOPEDICS 3719909F1 10,840.20 18067 X 0 0 18067
GENRAD INC 372447102 2,037,340.00 141728 X 0 0 141728
GENZYME CORP 372917104 478,041.89 9478 X 0 0 9478
13,812,122.02 273849 X 0 0 273849
----------------- -------------- ------------- ---------- ----------
14,290,163.91 283327 0 0 283327
GENZYME CORP TISSUE REPAIR 372917401 5,863.23 2536 X 0 0 2536
246,912.36 106796 X 0 0 106796
----------------- -------------- ------------- ---------- ----------
252,775.59 109332 0 0 109332
GEOPETRO COMPANY 373160993 151,000.00 302000 X 0 0 302000
GEORGIA PAC CORP 373298108 7,425.00 100 X 0 0 100
465,473.25 6269 X 0 0 6269
----------------- -------------- ------------- ---------- ----------
472,898.25 6369 0 0 6369
GILLETTE CO 375766102 2,063,551.13 34718 X 0 0 34718
44,673,700.94 751608 X 0 0 751608
----------------- -------------- ------------- ---------- ----------
46,737,252.07 786326 0 0 786326
GREAT LAKES CHEM CORP 390568103 117,600.00 3200 X 0 0 3200
1,296,429.75 35277 X 0 0 35277
----------------- -------------- ------------- ---------- ----------
1,414,029.75 38477 0 0 38477
GREEN POWER ASIA LTD 393400999 0.00 620375 X 0 0 620375
GSI LUMONICS 36229U102 405,094.50 87588 X 0 0 87588
GTE CORP 362320103 781,660.00 12920 X 0 0 12920
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 66,553,054.27 2406509 0 0 2406509
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 16
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
<CAPTION>
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
14,899,304.87 246270 X 0 0 246270
----------------- -------------- ------------- ---------- ----------
15,680,964.87 259190 0 0 259190
HALLIBURTON CO 406216101 38,500.00 1000 X 0 0 1000
528,220.00 13720 X 0 0 13720
----------------- -------------- ------------- ---------- ----------
566,720.00 14720 0 0 14720
HANNAFORD BROS CO 410550107 340,781.25 7500 X 0 0 7500
HARTFORD FINL SVCS GROUP 416515104 742,312.13 13066 X 0 0 13066
HEINZ H J CO 423074103 66,325.00 1400 X 0 0 1400
797,984.50 16844 X 0 0 16844
----------------- -------------- ------------- ---------- ----------
864,309.50 18244 0 0 18244
HELENA SILVER MINES INC 423209105 11.11 11110 X 0 0 11110
HELIX TECHNOLOGY CORP 423319102 242,925.00 15800 X 0 0 15800
HEMAGEN DIAGNOSTICS INC 423501105 99,000.00 88000 X 0 0 88000
HEWLETT PACKARD CO 428236103 1,270,806.26 18740 X 0 0 18740
36,011,692.58 531048 X 0 0 531048
----------------- -------------- ------------- ---------- ----------
37,282,498.84 549788 0 0 549788
HOME DEPOT INC 437076102 2,194,312.50 35250 X 0 0 35250
46,357,824.00 744704 X 0 0 744704
----------------- -------------- ------------- ---------- ----------
48,552,136.50 779954 0 0 779954
HOUGHTON MIFFLIN CO 441560109 2,765,625.00 59000 X 0 0 59000
HSB GROUP INC 40428N109 44,550.00 1200 X 0 0 1200
404,217.00 10888 X 0 0 10888
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 106,804,391.20 1815540 0 0 1815540
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 17
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
<CAPTION>
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
----------------- -------------- ------------- ---------- ----------
448,767.00 12088 0 0 12088
HUBBELL INC B 443510201 69,360.00 1734 X 0 0 1734
7,430,880.00 185772 X 0 0 185772
----------------- -------------- ------------- ---------- ----------
7,500,240.00 187506 0 0 187506
I2 TECHNOLOGIES INC 465754109 332,425.00 12500 X 0 0 12500
IBM CORP 459200101 3,084,327.25 17401 X 0 0 17401
43,700,278.50 246546 X 0 0 246546
----------------- -------------- ------------- ---------- ----------
46,784,605.75 263947 0 0 263947
IDEXX LABORATORIES INC 45168D104 245,186.69 10243 X 0 0 10243
ILLINOIS GAS CO 4520459A7 1,200,000.00 600 X 0 0 600
ILLINOIS TOOL WKS INC 452308109 210,993.75 3410 X 0 0 3410
441,354.38 7133 X 0 0 7133
----------------- -------------- ------------- ---------- ----------
652,348.13 10543 0 0 10543
IMS HEALTH INCORPORATED 449934108 966,620.63 29181 X 0 0 29181
13,339,835.01 402712 X 0 0 402712
----------------- -------------- ------------- ---------- ----------
14,306,455.64 431893 0 0 431893
INFORMATION MAPPING INC 4567099A4 0.00 28667 X 0 0 28667
INTEL CORP 458140100 4,016,786.25 33790 X 0 0 33790
61,184,249.27 514694 X 0 0 514694
----------------- -------------- ------------- ---------- ----------
65,201,035.52 548484 0 0 548484
INTERNATIONAL PAPER C0 460146103 1,278,196.88 30298 X 0 0 30298
INTERPUBLIC GROUP COS 460690100 735,140.00 9440 X 0 0 9440
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 138,235,633.61 1534121 0 0 1534121
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 18
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
<CAPTION>
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
27,517,131.31 353350 X 0 0 353350
----------------- -------------- ------------- ---------- ----------
28,252,271.31 362790 0 0 362790
INTERSTATE ENERGY CORP 460845100 5,325.00 200 X 0 0 200
3,039,989.25 114178 X 0 0 114178
----------------- -------------- ------------- ---------- ----------
3,045,314.25 114378 0 0 114378
INTL FLAVORS & FRAGRANCES 459506101 239,460.94 6375 X 0 0 6375
INVESTORS FINL SVCS 461915100 1,471,770.00 51192 X 0 0 51192
IPALCO ENTERPRISES INC 462613100 224,552.25 10236 X 0 0 10236
JEFFERSON PILOT CORP 475070108 734,410.00 10840 X 0 0 10840
JML CORP 4662189D8 211,541.00 1000 X 0 0 1000
JOHNSON & JOHNSON 478160104 1,178,100.00 12600 X 0 0 12600
25,507,080.50 272803 X 0 0 272803
----------------- -------------- ------------- ---------- ----------
26,685,180.50 285403 0 0 285403
JOHNSON CTLS INC 478366107 292,663.50 4692 X 0 0 4692
K MART CORP 482584109 229,490.63 13650 X 0 0 13650
KEYCORP NEW 493267108 205,033.75 6764 X 0 0 6764
KIMBERLY CLARK CORP 494368103 6,716,810.75 140116 X 0 0 140116
KINNEY OIL CO 496625997 0.00 14952 X 0 0 14952
LEADVILLE CORP 5217119A1 136,308.75 181745 X 0 0 181745
LILLY ELI & CO 532457108 510,947.50 6020 X 0 0 6020
14,334,878.25 168894 X 0 0 168894
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 82,555,493.38 1369607 0 0 1369607
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 19
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
<CAPTION>
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
----------------- -------------- ------------- ---------- ----------
14,845,825.75 174914 0 0 174914
LINCOLN NATL CORP IND 534187109 395,500.00 4000 X 0 0 4000
LINEAR TECHNOLOGY CORP 535678106 1,173,368.75 22895 X 0 0 22895
28,601,087.50 558070 X 0 0 558070
----------------- -------------- ------------- ---------- ----------
29,774,456.25 580965 0 0 580965
LUCENT TECHNOLOGIES INC 549463107 2,705,940.00 25055 X 0 0 25055
25,624,512.00 237264 X 0 0 237264
----------------- -------------- ------------- ---------- ----------
28,330,452.00 262319 0 0 262319
M & T BANK CORP 55261F104 668,205.00 1395 X 0 0 1395
M C I WORLDCOM INC 55268B106 252,136.01 2847 X 0 0 2847
1,863,875.85 21046 X 0 0 21046
----------------- -------------- ------------- ---------- ----------
2,116,011.86 23893 0 0 23893
MACDERMID INC 554273102 553,181.25 16300 X 0 0 16300
MARSH & MCLENNAN COS 571748102 26,061.75 351 X 0 0 351
587,466.00 7912 X 0 0 7912
----------------- -------------- ------------- ---------- ----------
613,527.75 8263 0 0 8263
MASCO CORP 574599106 225,830.50 7994 X 0 0 7994
23,157,542.00 819736 X 0 0 819736
----------------- -------------- ------------- ---------- ----------
23,383,372.50 827730 0 0 827730
MATRITECH INC 576818108 143,391.60 91800 X 0 0 91800
MAXIM INTERGRATED PRODUCTS INC 57772K101 589,529.50 10892 X 0 0 10892
MAY DEPT STORES CO 577778103 39,594.50 1012 X 0 0 1012
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 86,607,222.21 1828569 0 0 1828569
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 20
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
<CAPTION>
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
349,816.63 8941 X 0 0 8941
----------------- -------------- ------------- ---------- ----------
389,411.13 9953 0 0 9953
MAYTAG CORP 578592107 241,500.00 4000 X 0 0 4000
MBIA INC 55262C100 235,190.00 4055 X 0 0 4055
24,054,398.00 414731 X 0 0 414731
----------------- -------------- ------------- ---------- ----------
24,289,588.00 418786 0 0 418786
MBNA CORP 55262L100 264,535.00 11080 X 0 0 11080
57,371.63 2403 X 0 0 2403
----------------- -------------- ------------- ---------- ----------
321,906.63 13483 0 0 13483
MCDONALDS CORP 580135101 486,429.69 10735 X 0 0 10735
3,456,029.69 76271 X 0 0 76271
----------------- -------------- ------------- ---------- ----------
3,942,459.38 87006 0 0 87006
MCGRAW HILL COS INC 580645109 427,280.00 7840 X 0 0 7840
MEDIA ONE GROUP INC 58440J104 9,135.00 144 X 0 0 144
3,100,254.07 48871 X 0 0 48871
----------------- -------------- ------------- ---------- ----------
3,109,389.07 49015 0 0 49015
MEDTRONIC INC 585055106 961,687.50 13380 X 0 0 13380
3,581,531.25 49830 X 0 0 49830
----------------- -------------- ------------- ---------- ----------
4,543,218.75 63210 0 0 63210
MELLON BK CORP 585509102 802,275.00 11400 X 0 0 11400
MERCK & CO INC 589331107 81,283,287.00 1014456 X 0 0 1014456
231,583,685.00 2890280 X 0 0 2890280
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 350,894,405.46 4568417 0 0 4568417
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 21
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
COMMON (cont.)
--------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
----------------- -------------- ------------- ---------- ----------
312,866,972.00 3904736 0 0 3904736
META GROUP INC 591002100 142,680.00 9280 X 0 0 9280
4,342,668.77 282450 X 0 0 282450
----------------- -------------- ------------- ---------- ----------
4,485,348.77 291730 0 0 291730
MGI PPTYS 552885105 176,568.75 6450 X 0 0 6450
11,263,060.51 411436 X 0 0 411436
----------------- -------------- ------------- ---------- ----------
11,439,629.26 417886 0 0 417886
MICROSOFT CORP 594918104 4,868,250.75 54318 X 0 0 54318
74,159,130.75 827438 X 0 0 827438
----------------- -------------- ------------- ---------- ----------
79,027,381.50 881756 0 0 881756
MIDAMERICAN ENERGY HOLDINGS 59562V107 249,200.00 8900 X 0 0 8900
COMPANY
MILLIPORE CORP 601073109 5,666,866.08 234896 X 0 0 234896
MINNESOTA MNG & MFG CO 604059105 14,503.75 205 X 0 0 205
22,052,916.50 311702 X 0 0 311702
----------------- -------------- ------------- ---------- ----------
22,067,420.25 311907 0 0 311907
MOBIL CORP 607059102 1,311,552.00 14904 X 0 0 14904
16,526,048.00 187796 X 0 0 187796
----------------- -------------- ------------- ---------- ----------
17,837,600.00 202700 0 0 202700
MONSANTO CO 611662107 30,318.75 660 X 0 0 660
5,088,956.30 110780 X 0 0 110780
----------------- -------------- ------------- ---------- ----------
5,119,275.05 111440 0 0 111440
MORGAN J P & CO INC 616880100 80,193.75 650 X 0 0 650
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 145,972,914.66 2461865 0 0 2461865
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 22
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
COMMON (cont.)
--------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
4,221,769.13 34219 X 0 0 34219
----------------- -------------- ------------- ---------- ----------
4,301,962.88 34869 0 0 34869
MORGAN STANLEY DEAN WITTER 617446448 218,263.51 2184 X 0 0 2184
MOTOROLA INC 620076109 161,150.00 2200 X 0 0 2200
9,289,198.75 126815 X 0 0 126815
----------------- -------------- ------------- ---------- ----------
9,450,348.75 129015 0 0 129015
MYLAN LABS INC 628530107 767,756.13 27982 X 0 0 27982
NALCO CHEM CO 629853102 217,812.50 8200 X 0 0 8200
NATIONAL CITY CORP 635405103 6,637.50 100 X 0 0 100
451,084.50 6796 X 0 0 6796
----------------- -------------- ------------- ---------- ----------
457,722.00 6896 0 0 6896
NETWORK APPLIANCE INC 64120L104 465,750.00 9200 X 0 0 9200
NEW ENGLAND BUSINESS SVC 643872104 1,234,078.89 43018 X 0 0 43018
NEWELL RUBBERMAID INC. 651229106 218,500.00 4600 X 0 0 4600
134,757.50 2837 X 0 0 2837
----------------- -------------- ------------- ---------- ----------
353,257.50 7437 0 0 7437
NORDSTROM INC 655664100 1,338,411.00 32744 X 0 0 32744
NORFOLK SOUTHERN CORP 655844108 79,125.00 3000 X 0 0 3000
286,828.13 10875 X 0 0 10875
----------------- -------------- ------------- ---------- ----------
365,953.13 13875 0 0 13875
NORTHERN STS PWR MINN 665772109 204,792.01 8832 X 0 0 8832
NORTHERN TR CORP 665859104 31,084.20 350 X 0 0 350
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 19,326,998.75 323952 0 0 323952
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 23
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
COMMON (cont.)
--------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
2,522,260.80 28400 X 0 0 28400
----------------- -------------- ------------- ---------- ----------
2,553,345.00 28750 0 0 28750
NOVARTIS AG SPONSORED ADR 66987V109 202,767.50 2500 X 0 0 2500
NOVELL INC 670006105 243,256.05 9658 X 0 0 9658
NOVEN PHARMACEUTICALS 670009109 477,646.89 103275 X 0 0 103275
O REILLY AUTOMOTIVE INC 686091109 256,641.25 5735 X 0 0 5735
1,109,352.50 24790 X 0 0 24790
----------------- -------------- ------------- ---------- ----------
1,365,993.75 30525 0 0 30525
OBJECT DESIGN INC 674416102 89,175.00 17400 X 0 0 17400
3,893,975.00 759800 X 0 0 759800
----------------- -------------- ------------- ---------- ----------
3,983,150.00 777200 0 0 777200
OCEAN NATL CORP 674856109 315,210.00 3318 X 0 0 3318
ONE VALLEY BANCORP INC 682419106 882,128.28 25294 X 0 0 25294
OVERSEAS PARTNERS LTD 690350921 5,155,701.76 259864 X 0 0 259864
PARAMETRIC TECHNOLOGY CRP 699173100 276,500.00 14000 X 0 0 14000
3,152,100.00 159600 X 0 0 159600
----------------- -------------- ------------- ---------- ----------
3,428,600.00 173600 0 0 173600
PAYCHEX INC 704326107 1,982,771.74 41798 X 0 0 41798
49,509,380.49 1043687 X 0 0 1043687
----------------- -------------- ------------- ---------- ----------
51,492,152.23 1085485 0 0 1085485
PENNEY J C CO INC 708160106 286,092.00 7064 X 0 0 7064
PEOPLES HERITAGE FINL GRP 711147108 249,840.00 13880 X 0 0 13880
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 70,604,799.26 2520063 0 0 2520063
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 24
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
COMMON (cont.)
--------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PEPSICO INC 713448108 672,065.63 17150 X 0 0 17150
3,692,403.07 94224 X 0 0 94224
----------------- -------------- ------------- ---------- ----------
4,364,468.70 111374 0 0 111374
PERITUS SOFTWARE SVCS INC 714006103 438.00 2000 X 0 0 2000
7,970.94 36397 X 0 0 36397
----------------- -------------- ------------- ---------- ----------
8,408.94 38397 0 0 38397
PFIZER INC 717081103 5,856,915.00 42212 X 0 0 42212
61,218,858.75 441217 X 0 0 441217
----------------- -------------- ------------- ---------- ----------
67,075,773.75 483429 0 0 483429
PHARMACIA & UPJOHN INC 716941109 417,912.50 6700 X 0 0 6700
PHILIP MORRIS COS INC 718154107 28,853.75 820 X 0 0 820
1,605,992.68 45641 X 0 0 45641
----------------- -------------- ------------- ---------- ----------
1,634,846.43 46461 0 0 46461
PHILLIPS PETE CO 718507106 434,794.50 9202 X 0 0 9202
PHOTOSCAPE ASSOCIATES 7193469A8 0.00 10000 X 0 0 10000
PIONEER HI BRED INTL INC 723686101 1,091,125.00 29000 X 0 0 29000
PITNEY BOWES INC 724479100 31,875.00 500 X 0 0 500
6,157,357.50 96586 X 0 0 96586
----------------- -------------- ------------- ---------- ----------
6,189,232.50 97086 0 0 97086
PMC COML TR 693434102 121,600.00 7600 X 0 0 7600
1,528,800.00 95550 X 0 0 95550
----------------- -------------- ------------- ---------- ----------
1,650,400.00 103150 0 0 103150
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 82,866,962.32 934799 0 0 934799
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 25
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
COMMON (cont.)
--------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PNC BK CORP 693475105 1,271,381.13 22882 X 0 0 22882
POINT THERAPEUTICS 9899469P5 125,000.00 12500 X 0 0 12500
POLARIS VENTURE PARTNERS 731111910 162,641.00 162641 X 0 0 162641
POLICY MGMT SYS CORP 731108106 1,138,974.39 37191 X 0 0 37191
POLYMEDICA CORPORATION 731738100 195,000.00 26000 X 0 0 26000
POTOMAC ELEC PWR CO 737679100 482,300.00 20800 X 0 0 20800
PPG INDS INC 693506107 215,250.00 4200 X 0 0 4200
PRIAM CORP 741400105 0.00 26550 X 0 0 26550
PROCTER & GAMBLE CO 742718109 8,115,982.69 82869 X 0 0 82869
108,717,382.87 1110069 X 0 0 1110069
----------------- -------------- ------------- ---------- ----------
116,833,365.56 1192938 0 0 1192938
PROGRESSIVE CORP OHIO 743315103 6,457.50 45 X 0 0 45
6,864,466.00 47836 X 0 0 47836
----------------- -------------- ------------- ---------- ----------
6,870,923.50 47881 0 0 47881
PROVIDIAN FINL CORP 74406A102 2,782,560.00 25296 X 0 0 25296
PUMA TECHNOLOGY INC 745887109 109,500.00 29200 X 0 0 29200
6,478,095.00 1727492 X 0 0 1727492
----------------- -------------- ------------- ---------- ----------
6,587,595.00 1756692 0 0 1756692
QUESTECH CORPORATION 4580999F7 164,250.00 36500 X 0 0 36500
QUINTILES TRANSNATIONAL 748767100 906,000.00 24000 X 0 0 24000
QWEST COMMUNICATIONS INTL INC 749121109 169,637.18 2353 X 0 0 2353
9,272,585.98 128618 X 0 0 128618
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 147,177,463.74 3527042 0 0 3527042
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 26
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
<CAPTION>
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
----------------- -------------- ------------- ---------- ----------
9,442,223.16 130971 0 0 130971
R & B FALCON CORP 74912E101 127,650.00 14800 X 0 0 14800
562,746.75 65246 X 0 0 65246
----------------- -------------- ------------- ---------- ----------
690,396.75 80046 0 0 80046
RAPID COMMUNICATION L P 753388990 50,000.00 50000 X 0 0 50000
RAVINE BEECH CO INC 753865997 3,933,769.64 12887 X 0 0 12887
RAYTHEON CO B 755111408 140,700.00 2400 X 0 0 2400
10,808,105.00 184360 X 0 0 184360
----------------- -------------- ------------- ---------- ----------
10,948,805.00 186760 0 0 186760
REED & BARTON CORP 758140909 15,798,086.61 9402 X 0 0 9402
969,527.33 577 X 0 0 577
----------------- -------------- ------------- ---------- ----------
16,767,613.94 9979 0 0 9979
RELIANT ENERGY INC 75952J108 256,246.51 9832 X 0 0 9832
RELIASTAR FINL CORP 75952U103 127,875.00 3000 X 0 0 3000
4,697,275.00 110200 X 0 0 110200
----------------- -------------- ------------- ---------- ----------
4,825,150.00 113200 0 0 113200
ROCHDALE CORP 7713159A8 240,125.00 21250 X 0 0 21250
SAFECO CORP 786429100 214,316.10 5300 X 0 0 5300
SALEM OIL & GREASE 794438903 455,566.20 740 X 0 0 740
SAP AKTIENGESELLSCHAFT ADR 803054204 1,052,500.00 40000 X 0 0 40000
SAPIENT CORP 803062108 413,975.00 5800 X 0 0 5800
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 39,848,464.14 535794 0 0 535794
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 27
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
<CAPTION>
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
SARA LEE CORP 803111103 113,850.00 4600 X 0 0 4600
2,651,467.50 107130 X 0 0 107130
----------------- -------------- ------------- ---------- ----------
2,765,317.50 111730 0 0 111730
SBC COMMUNICATIONS INC 78387G103 1,271,420.01 26944 X 0 0 26944
3,645,328.87 77252 X 0 0 77252
----------------- -------------- ------------- ---------- ----------
4,916,748.88 104196 0 0 104196
SCHERING PLOUGH CORP 806605101 1,668,550.00 30200 X 0 0 30200
18,829,255.25 340801 X 0 0 340801
----------------- -------------- ------------- ---------- ----------
20,497,805.25 371001 0 0 371001
SCHLUMBERGER LTD 806857108 244,361.25 4060 X 0 0 4060
8,065,185.27 134001 X 0 0 134001
----------------- -------------- ------------- ---------- ----------
8,309,546.52 138061 0 0 138061
SEALED AIR CORP NEW 81211K100 368,906.25 7500 X 0 0 7500
13,178,118.26 267916 X 0 0 267916
----------------- -------------- ------------- ---------- ----------
13,547,024.51 275416 0 0 275416
SEARS ROEBUCK & CO 812387108 3,389.06 75 X 0 0 75
1,241,978.46 27485 X 0 0 27485
----------------- -------------- ------------- ---------- ----------
1,245,367.52 27560 0 0 27560
SHERWIN WILLIAMS CO 824348106 782,662.50 27828 X 0 0 27828
17,999,465.64 639981 X 0 0 639981
----------------- -------------- ------------- ---------- ----------
18,782,128.14 667809 0 0 667809
SKLAR CORP 8306299A1 0.00 10000 X 0 0 10000
SOLUTIA INC 834376105 695.00 40 X 0 0 40
218,577.50 12580 X 0 0 12580
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 70,283,210.82 1718393 0 0 1718393
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 28
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
<CAPTION>
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
----------------- -------------- ------------- ---------- ----------
219,272.50 12620 0 0 12620
SONAMED CORP 8354099C9 1,952,000.00 488000 X 0 0 488000
SONAT INC 835415100 6,000.00 200 X 0 0 200
1,746,000.00 58200 X 0 0 58200
----------------- -------------- ------------- ---------- ----------
1,752,000.00 58400 0 0 58400
SPRINT CORP FON GROUP 852061100 91,658,268.16 934097 X 0 0 934097
11,012,470.71 112229 X 0 0 112229
----------------- -------------- ------------- ---------- ----------
102,670,738.87 1046326 0 0 1046326
SPRINT CORP PCS SER 1 852061506 20,693,848.89 466998 X 0 0 466998
2,287,632.91 51625 X 0 0 51625
----------------- -------------- ------------- ---------- ----------
22,981,481.80 518623 0 0 518623
ST PAUL COS INC 792860108 810,482.75 26092 X 0 0 26092
STAPLES INC 855030102 1,302,507.51 39620 X 0 0 39620
17,454,028.13 530921 X 0 0 530921
----------------- -------------- ------------- ---------- ----------
18,756,535.64 570541 0 0 570541
STATE STREET CORP 857477103 1,176,175.00 14300 X 0 0 14300
45,542,154.00 553704 X 0 0 553704
----------------- -------------- ------------- ---------- ----------
46,718,329.00 568004 0 0 568004
STRYKER CORP 863667101 453,937.50 9000 X 0 0 9000
438,806.25 8700 X 0 0 8700
----------------- -------------- ------------- ---------- ----------
892,743.75 17700 0 0 17700
SUMMIT BANCORP 866005101 87,750.00 2250 X 0 0 2250
6,033,300.00 154700 X 0 0 154700
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 202,655,361.81 3450636 0 0 3450636
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 29
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
<CAPTION>
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
----------------- -------------- ------------- ---------- ----------
6,121,050.00 156950 0 0 156950
SUN MICROSYSTEMS INC 866810104 487,741.80 3900 X 0 0 3900
SUNTRUST BKS INC 867914103 385,701.00 6196 X 0 0 6196
19,568,225.25 314349 X 0 0 314349
----------------- -------------- ------------- ---------- ----------
19,953,926.25 320545 0 0 320545
SYSCO CORP 871829107 473,625.00 18000 X 0 0 18000
2,778,915.76 105612 X 0 0 105612
----------------- -------------- ------------- ---------- ----------
3,252,540.76 123612 0 0 123612
SYSTEMSOFT CORP 871926101 981.40 14020 X 0 0 14020
TECO ENERGY INC 872375100 1,319,878.90 66409 X 0 0 66409
TEKTRONIX INC 879131100 12,625.00 500 X 0 0 500
3,494,726.25 138405 X 0 0 138405
----------------- -------------- ------------- ---------- ----------
3,507,351.25 138905 0 0 138905
TELEFONICA DE ESPANA S A ADR 879382208 255,500.00 2000 X 0 0 2000
TEMPLE INLAND INC 879868107 462,969.50 7378 X 0 0 7378
TERADYNE INC 880770102 1,720,683.00 31536 X 0 0 31536
TEXACO INC 881694103 121,728.75 2145 X 0 0 2145
6,432,726.00 113352 X 0 0 113352
----------------- -------------- ------------- ---------- ----------
6,554,454.75 115497 0 0 115497
TEXAS INSTRS INC 882508104 729,487.50 7350 X 0 0 7350
3,873,231.25 39025 X 0 0 39025
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 42,118,746.36 870177 0 0 870177
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 30
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
<CAPTION>
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
----------------- -------------- ------------- ---------- ----------
4,602,718.75 46375 0 0 46375
THOMAS & BETTS CORP 884315102 225,375.00 6000 X 0 0 6000
TIME WARNER INC 887315109 495,687.50 7000 X 0 0 7000
6,610,488.51 93352 X 0 0 93352
----------------- -------------- ------------- ---------- ----------
7,106,176.01 100352 0 0 100352
TIMES MIRROR CO NEW A 887364107 188,625.63 3485 X 0 0 3485
859,126.14 15873 X 0 0 15873
----------------- -------------- ------------- ---------- ----------
1,047,751.77 19358 0 0 19358
TRANSFUSION TECHNOLOGIES 893650994 151,200.00 16800 X 0 0 16800
TRIBUNE CO 896047107 65,437.50 1000 X 0 0 1000
68,477,988.00 1046464 X 0 0 1046464
----------------- -------------- ------------- ---------- ----------
68,543,425.50 1047464 0 0 1047464
TRW INC 872649108 797,615.00 17530 X 0 0 17530
4,735,367.00 104074 X 0 0 104074
----------------- -------------- ------------- ---------- ----------
5,532,982.00 121604 0 0 121604
TYCO INTL LTD NEW 902124106 77,101,976.00 1074592 X 0 0 1074592
U S WEST INC NEW 91273H101 8,094.19 147 X 0 0 147
428,661.56 7785 X 0 0 7785
----------------- -------------- ------------- ---------- ----------
436,755.75 7932 0 0 7932
UNION CAMP CORP 905530101 26,850.00 400 X 0 0 400
318,843.75 4750 X 0 0 4750
----------------- -------------- ------------- ---------- ----------
345,693.75 5150 0 0 5150
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 160,491,335.78 2399252 0 0 2399252
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 31
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
<CAPTION>
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
UNION PAC CORP 907818108 42,750.00 800 X 0 0 800
1,327,280.64 24838 X 0 0 24838
----------------- -------------- ------------- ---------- ----------
1,370,030.64 25638 0 0 25638
UNITED PARCEL SVC AMER 911308104 24,940.00 580 X 0 0 580
42,204,543.00 981501 X 0 0 981501
----------------- -------------- ------------- ---------- ----------
42,229,483.00 982081 0 0 982081
UNITED TECHNOLOGIES CORP 913017109 1,793,192.51 13240 X 0 0 13240
31,435,179.32 232101 X 0 0 232101
----------------- -------------- ------------- ---------- ----------
33,228,371.83 245341 0 0 245341
UNOCAL CORP 915289102 379,075.00 10280 X 0 0 10280
US BANCORP DEL 902973106 374,755.63 11002 X 0 0 11002
6,328,505.97 185791 X 0 0 185791
----------------- -------------- ------------- ---------- ----------
6,703,261.60 196793 0 0 196793
UST INC 902911106 845,143.75 32350 X 0 0 32350
USX-MARATHON GROUP 902905827 977,790.00 35556 X 0 0 35556
VALSPAR CORP 920355104 310,006.88 9822 X 0 0 9822
VARIAN ASSOC INC 922204102 2,085,137.50 53810 X 0 0 53810
VERITAS SOFTWARE CORP 923436109 24,225.00 300 X 0 0 300
726,750.00 9000 X 0 0 9000
----------------- -------------- ------------- ---------- ----------
750,975.00 9300 0 0 9300
VERTEX PHARMACEUTICALS 92532F100 61,231.25 2425 X 0 0 2425
7,146,709.50 283038 X 0 0 283038
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 96,087,215.95 1886434 0 0 1886434
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 32
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
<CAPTION>
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
----------------- -------------- ------------- ---------- ----------
7,207,940.75 285463 0 0 285463
VICOR CORP 925815102 3,582,750.00 286620 X 0 0 286620
VULCAN POWER CO CL A COMMON 929187995 0.00 206791 X 0 0 206791
WACHOVIA CORP NEW 929771103 8,118.75 100 X 0 0 100
4,276,145.63 52670 X 0 0 52670
----------------- -------------- ------------- ---------- ----------
4,284,264.38 52770 0 0 52770
WAL MART STORES INC 931142103 553,125.00 6000 X 0 0 6000
3,987,662.51 43256 X 0 0 43256
----------------- -------------- ------------- ---------- ----------
4,540,787.51 49256 0 0 49256
WALGREEN CO 931422109 161,025.00 5700 X 0 0 5700
2,808,050.00 99400 X 0 0 99400
----------------- -------------- ------------- ---------- ----------
2,969,075.00 105100 0 0 105100
WARNER LAMBERT CO 934488107 159,000.00 2400 X 0 0 2400
4,575,688.75 69067 X 0 0 69067
----------------- -------------- ------------- ---------- ----------
4,734,688.75 71467 0 0 71467
WASHINGTON MUTUAL INC 939322103 196,608.75 4810 X 0 0 4810
1,673,422.50 40940 X 0 0 40940
----------------- -------------- ------------- ---------- ----------
1,870,031.25 45750 0 0 45750
WASHINGTON POST CO CL B 939640108 15,564,167.50 29845 X 0 0 29845
WATSON PHARMACEUTICALS INC 942683103 498,612.50 11300 X 0 0 11300
WELLS FARGO & CO 949746101 266,825.63 7610 X 0 0 7610
215,949.93 6159 X 0 0 6159
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 38,527,152.45 872668 0 0 872668
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 33
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
COMMON (cont.)
--------------
<S> <C> <C> <C> <C> <C> <C> <C>
----------------- -------------- ------------- ---------- ----------
482,775.56 13769 0 0 13769
WEST PHARMACEUTICAL SERVICES 955306105 318,750.00 10000 X 0 0 10000
INC
WEYERHAEUSER CO 962166104 1,570,650.00 28300 X 0 0 28300
WHOLE FOODS MKT INC 966837106 18,906.25 550 X 0 0 550
589,875.00 17160 X 0 0 17160
----------------- -------------- ------------- ---------- ----------
608,781.25 17710 0 0 17710
WILEY JOHN & SONS INC 968223305 655,000.00 16000 X 0 0 16000
WILEY JOHN & SONS INC A 968223206 1,008,000.00 24000 X 0 0 24000
WILLIAMS COS INC 969457100 39,500.00 1000 X 0 0 1000
302,175.00 7650 X 0 0 7650
----------------- -------------- ------------- ---------- ----------
341,675.00 8650 0 0 8650
WILMINGTON TR CORP 971807102 822,600.00 14400 X 0 0 14400
WISCONSIN ENERGY CORP 976657106 1,942,959.39 74550 X 0 0 74550
WPS RES CORP 92931B106 495,600.00 16800 X 0 0 16800
WYMAN GORDON CO 983085101 552,215.75 59699 X 0 0 59699
XEROX CORP 984121103 497,793.75 9550 X 0 0 9550
9,013,246.50 172916 X 0 0 172916
----------------- -------------- ------------- ---------- ----------
9,511,040.25 182466 0 0 182466
================= ============== ============= ========== ==========
TOTALS FOR COMMON 3,100,778,661.94 56075638 0 0 56075638
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 34
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
PREFERRED
---------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
AIRTOUCH COMM CV $1.740 PFD 00949T209 242,550.00 3080 X 0 0 3080
Ser B
AMERICAN EXPRESS 7% CAPITAL TR 02583Y205 250,000.00 10000 X 0 0 10000
$1.75 PFD
BIZFON INC PFD Ser A 0910999A1 10,000.00 10000 X 0 0 10000
504,000.00 504000 X 0 0 504000
----------------- -------------- ------------- ---------- ----------
514,000.00 514000 0 0 514000
BIZFON INC PFD Ser B 0910999B9 471,768.10 248299 X 0 0 248299
CABLESOFT CORP CV PFD Ser A 126910991 10,020.00 16700 X 0 0 16700
699,755.40 1166259 X 0 0 1166259
----------------- -------------- ------------- ---------- ----------
709,775.40 1182959 0 0 1182959
CABLESOFT CORP CV PFD Ser B 126910983 209,460.00 41892 X 0 0 41892
CABLESOFT CORP CV PFD Ser D 126910967 184,424.41 322743 X 0 0 322743
CAIRNSTONE INC CV PFD Ser A 1277669D7 0.00 11111 X 0 0 11111
CENDANT CORP INCOME PRIDES 151313301 478,287.50 16600 X 0 0 16600
$3.75 PFD
CIPHERGEN BIOSYSTEMS INC PFD 172922916 120,000.00 60000 X 0 0 60000
Ser D
CORPORATION FOR LASER OPTICS 2200359B7 10,000.00 2500 X 0 0 2500
RESEARCH PFD Ser B
208,000.00 52000 X 0 0 52000
----------------- -------------- ------------- ---------- ----------
218,000.00 54500 0 0 54500
DELPHI INTERNET SVS CV PFD Ser 2471829A8 454,005.00 30267 X 0 0 30267
B
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 3,852,270.41 2495451 0 0 2495451
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 35
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
PREFERRED (cont.)
-----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
EDUCATION PARTNERS L P CV PFD 2813909A4 241,387.50 15700 X 0 0 15700
Ser C
EMPOWER PFD Ser B 2921999B4 220,500.00 63000 X 0 0 63000
FAXNET CORPORATION PFD Ser D 3121019D2 808,000.00 808 X 0 0 808
FAXNET CV PFD Ser B 3121019A8 10,000.00 10 X 0 0 10
650,000.00 650 X 0 0 650
----------------- -------------- ------------- ---------- ----------
660,000.00 660 0 0 660
GENERAL ORTHOPEDICS CV PFD Ser 371990979 85,000.00 42500 X 0 0 42500
C
GENERAL ORTHOPEDICS CV PFD Ser 371990953 171,500.00 42875 X 0 0 42875
E
GENERAL ORTHOPEDICS CV PFD Ser 371990920 20,000.00 4000 X 0 0 4000
F
468,000.00 93600 X 0 0 93600
----------------- -------------- ------------- ---------- ----------
488,000.00 97600 0 0 97600
GENERAL ORTHOPEDICS PFD Ser D 371990961 354,000.00 118000 X 0 0 118000
GLOBALSTAR TELECOMM LTD $4.000 379364508 11,775.00 300 X 0 0 300
PFD
431,750.00 11000 X 0 0 11000
----------------- -------------- ------------- ---------- ----------
443,525.00 11300 0 0 11300
IBM CORP DEP SH REP 1/4 $1.875 459200309 27,312.50 1000 X 0 0 1000
PFD Ser A
619,993.75 22700 X 0 0 22700
----------------- -------------- ------------- ---------- ----------
647,306.25 23700 0 0 23700
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 4,119,218.75 416143 0 0 416143
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 36
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
PREFERRED (cont.)
-----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
INTERNET COMMERCE SVCS CO CV 4605679A0 720,000.00 720000 X 0 0 720000
PFD Ser A
MARATHON TECHNOLOGIES CORP CV 565915998 605,000.00 121000 X 0 0 121000
PFD Ser A
MARATHON TECHNOLOGIES CORP CV 565915980 45,000.00 5625 X 0 0 5625
PFD Ser B
935,000.00 116875 X 0 0 116875
----------------- -------------- ------------- ---------- ----------
980,000.00 122500 0 0 122500
MARATHON TECHNOLOGIES CORP CV 5659159A5 542,364.00 45197 X 0 0 45197
PFD Ser D
MEDIA ONE GROUP INC PFD Ser D 58440J203 1,681,597.51 13080 X 0 0 13080
NETWORKS ON-LINE INC CV PFD 641218912 0.00 6376 X 0 0 6376
Ser B
0.00 48624 X 0 0 48624
----------------- -------------- ------------- ---------- ----------
0.00 55000 0 0 55000
NOBLENET INC PFD Ser A 6550989A1 350,000.00 280000 X 0 0 280000
PACIFIC FIBEROPTICS INC PFD 694240995 50,000.00 20000 X 0 0 20000
Ser D
PACIFIC TELESIS FING II $2.125 694889205 51,625.00 2000 X 0 0 2000
PFD
397,512.50 15400 X 0 0 15400
----------------- -------------- ------------- ---------- ----------
449,137.50 17400 0 0 17400
QUICKBUY INC CV PFD Ser B 7484499A5 776,925.00 103590 X 0 0 103590
RELIASTAR FING II $2.025 PFD 75952F205 51,000.00 2000 X 0 0 2000
1,139,850.00 44700 X 0 0 44700
----------------- -------------- ------------- ---------- ----------
SUBTOTALS FOR THIS PAGE 7,345,874.01 1544467 0 0 1544467
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 37
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ----------
PREFERRED (cont.)
-----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
----------------- -------------- ------------- ---------- ----------
1,190,850.00 46700 0 0 46700
RSP FINE CHEMICALS INC CV PFD 7496999A4 50,000.00 10000 X 0 0 10000
Ser A
SPECTRA SCIENCE CORP CONV PFD 847619996 104,917.50 46630 X 0 0 46630
Ser A
732,690.00 325640 X 0 0 325640
----------------- -------------- ------------- ---------- ----------
837,607.50 372270 0 0 372270
SURGICAL SEALANTS INC CV PFD 8688889A8 275,025.00 7334 X 0 0 7334
Ser A
SURGICAL SEALANTS INC CV PFD 8688889B6 480,000.00 7680 X 0 0 7680
Ser B
================= ============== ============= ========== ==========
TOTALS FOR PREFERRED 16,959,995.67 4853345 0 0 4853345
================= ============== ============= ========== ==========
GRAND TOTALS 3,117,738,657.61 60928983 0 0 60928983
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 04/22/1999 at 10:44 AM EQUITIES DISCLOSURE (13-F) PAGE 38
BUSINESS DATE: 04/22/1999 R33.002.001
As of 03/31/1999
Produced on trust2>WELCHDB
The parameters used in producing report R33.002.001 were:
<S> <C> <C>
ASOF## = 03/31/1999
BK_LIST## = ()
DV_SUM# = YES
BK_SUM# = NO
MIN_SHARES# = 10,000
MIN_CORP_SHARES# = 10,000
MIN_MKT_VAL# = 200,000.00
============================================= End of Report =============================================
</TABLE>
|
|