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<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 12/31/99
--------
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 5th day of
January, 2000.
WELCH & FORBES, INC.
------------------------
________________________
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>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 1
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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 660,301.27 13124 X 0 0 13
3,516,592.27 69895 X 0 0 69
3,516,592.27 69895 X 0 0 69
----------------- -------------- ------------- ---------- ------
4,176,893.54 83019 0 0 83
A T & T CORP-LIBERTY MEDIA 001957208 365,218.75 6500 X 0 0 6
GROUP A
6,317,610.14 112438 X 0 0 112
----------------- -------------- ------------- ---------- ------
6,682,828.89 118938 0 0 118
ABBOTT LABS 002824100 15,332,183.19 417913 X 0 0 417
34,839,624.06 949632 X 0 0 949
----------------- -------------- ------------- ---------- ------
50,171,807.25 1367545 0 0 1367
ABTECH INDUSTRIES INC 00352099A 30,003.75 5715 X 0 0 5
79,994.25 15237 X 0 0 15
----------------- -------------- ------------- ---------- ------
109,998.00 20952 0 0 20
ADAPTEC INC 00651F108 298,121.99 6000 X 0 0 6
AETNA INC 008117103 491,453.44 8865 X 0 0 8
AFLAC INC 001055102 680,119.00 14548 X 0 0 14
969,595.00 20740 X 0 0 20
----------------- -------------- ------------- ---------- ------
1,649,714.00 35288 0 0 35
AIR PRODS & CHEMS INC 009158106 1,068,877.50 32268 X 0 0 32
6,188,180.63 186813 X 0 0 186
----------------- -------------- ------------- ---------- ------
7,257,058.13 219081 0 0 219
ALBERTSONS INC 013104104 12,875.00 400 X 0 0
190,163.75 5908 X 0 0 5
----------------- -------------- ------------- ---------- ------
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 71,040,913.99 1865996 0 0 1865
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 2
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
- --------------
- --------------
----------------- -------------- ------------- ---------- ------
203,038.75 6308 0 0 6
ALCOA INC. 013817101 249,743.75 3100 X 0 0 3
563,937.50 7000 X 0 0 7
----------------- -------------- ------------- ---------- ------
813,681.25 10100 0 0 10
ALLEGIANCE TELECOM INC 01747T102 191,552.10 2150 X 0 0 2
1,487,869.80 16700 X 0 0 16
----------------- -------------- ------------- ---------- ------
1,679,421.90 18850 0 0 18
ALLIANT ENERGY CORP 018802108 5,512.50 200 X 0 0
3,074,266.13 111538 X 0 0 111
----------------- -------------- ------------- ---------- ------
3,079,778.63 111738 0 0 111
ALLSTATE CORP 020002101 48,000.00 2000 X 0 0 2
959,304.00 39971 X 0 0 39
----------------- -------------- ------------- ---------- ------
1,007,304.00 41971 0 0 41
ALLTEL CORP 020039103 1,447,246.38 17569 X 0 0 17
12,452,958.25 151174 X 0 0 151
----------------- -------------- ------------- ---------- ------
13,900,204.63 168743 0 0 168
ALZA CORP DEL 022615108 34,750.00 1000 X 0 0 1
2,147,550.00 61800 X 0 0 61
----------------- -------------- ------------- ---------- ------
2,182,300.00 62800 0 0 62
AMERICA ONLINE INC 02364J104 507,257.50 6620 X 0 0 6
1,210,675.00 15800 X 0 0 15
----------------- -------------- ------------- ---------- ------
1,717,932.50 22420 0 0 22
1,717,932.50 22420 0 0 22
AMERICAN BIOGENETIC 024611105 10,620.00 20000 X 0 0 20
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 24,391,242.91 456622 0 0 456
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 3
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
AMERICAN ELEC PWR INC 025537101 213,186.69 6547 X 0 0 6
AMERICAN EXPRESS CO 025816109 1,555,563.75 9385 X 0 0 9
8,302,749.00 50092 X 0 0 50
----------------- -------------- ------------- ---------- ------
9,858,312.75 59477 0 0 59
AMERICAN GENERAL CORP 026351106 496,345.50 6753 X 0 0 6
17,831,835.00 242610 X 0 0 242
----------------- -------------- ------------- ---------- ------
18,328,180.50 249363 0 0 249
AMERICAN HOME PRODS CORP 026609107 2,852,577.76 71538 X 0 0 71
26,787,147.76 671778 X 0 0 671
26,787,147.76 671778 X 0 0 671
----------------- -------------- ------------- ---------- ------
29,639,725.52 743316 0 0 743
AMERICAN INTL GROUP 026874107 9,669,815.19 89277 X 1800 0 87
98,125,493.35 905948 X 0 0 905
----------------- -------------- ------------- ---------- ------
107,795,308.54 995225 1800 0 993
AMERICAN WTR WKS INC 030411102 341,000.00 16000 X 0 0 16
AMGEN INC 031162100 2,317,075.51 35716 X 800 0 34
13,629,848.25 210094 X 0 0 210
----------------- -------------- ------------- ---------- ------
15,946,923.76 245810 800 0 245
ANADARKO PETE CORP 032511107 414,919.88 12226 X 0 0 12
ANALOG DEVICES INC 032654105 477,510.01 5280 X 0 0 5
3,518,923.13 38910 X 0 0 38
3,518,923.13 38910 X 0 0 38
----------------- -------------- ------------- ---------- ------
3,996,433.14 44190 0 0 44
ANHEUSER BUSCH COS INC 035229103 267,671.25 3780 X 0 0 3
10,055,375.00 142000 X 0 0 142
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 196,857,037.03 2517934 2600 0 2515
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 4
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
INVEST
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.)
--------------
----------------- -------------- ------------- ---------- ------
10,323,046.25 145780 0 0 145
ANIKA THERAPEUTICS INC 035255108 284,872.51 41436 X 0 0 41
AON CORP 037389103 601,035.88 15073 X 0 0 15
96,896.26 2430 X 0 0 2
----------------- -------------- ------------- ---------- ------
697,932.14 17503 0 0 17
APPLIED MATLS INC 038222105 1,004,328.13 8075 X 0 0 8
3,731,250.00 30000 X 0 0 30
3,731,250.00 30000 X 0 0 30
----------------- -------------- ------------- ---------- ------
4,735,578.13 38075 0 0 38
ARGUSS HLDGS INC 040282105 594,374.38 46165 X 0 0 46
ATLANTIC RICHFIELD CO 048825103 207,442.26 2428 X 0 0 2
6,355,268.47 74385 X 0 0 74
----------------- -------------- ------------- ---------- ------
6,562,710.73 76813 0 0 76
AU BON PAIN INC B 050990100 21,216.44 4297 X 0 0 4
699,115.46 141593 X 0 0 141
----------------- -------------- ------------- ---------- ------
720,331.90 145890 0 0 145
AUTOMATIC DATA PROCESSING 053015103 2,883,945.33 52735 X 500 0 52
7,466,156.29 136524 X 0 0 136
----------------- -------------- ------------- ---------- ------
10,350,101.62 189259 500 0 188
10,350,101.62 189259 500 0 188
AVALONBAY COMMUNITIES INC 053484101 229,594.81 6667 X 0 0 6
AVANDEL HEALTHCARE INC 9899479J7 750,000.00 750000 X 0 0 750
AVERY DENNISON CORP 053611109 782,756.25 10900 X 0 0 10
AVERY DEWING CORP 0536229A6 654,385.68 1083 X 0 0 1
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 26,362,638.15 1323791 500 0 1323
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 5
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
AVIRON 053762100 89,415.90 5700 X 0 0 5
364,346.26 23226 X 0 0 23
----------------- -------------- ------------- ---------- ------
453,762.16 28926 0 0 28
BANK NEW YORK INC 064057102 437,400.00 10800 X 0 0 10
2,045,250.00 50500 X 0 0 50
----------------- -------------- ------------- ---------- ------
2,482,650.00 61300 0 0 61
BANK OF AMERICA CORP 060505104 756,612.34 14927 X 0 0 14
4,937,621.43 97413 X 0 0 97
----------------- -------------- ------------- ---------- ------
5,694,233.77 112340 0 0 112
BANK ONE CORP 06423A103 918,224.33 28417 X 0 0 28
9,276,175.59 287077 X 0 0 287
----------------- -------------- ------------- ---------- ------
10,194,399.92 315494 0 0 315
BANYAN SYS INC 066908104 546,488.88 27240 X 0 0 27
8,866,802.14 441970 X 0 0 441
----------------- -------------- ------------- ---------- ------
9,413,291.02 469210 0 0 469
BAXTER INTL INC 071813109 1,062,888.50 16888 X 0 0 16
BEACON CAP PARTNERS INC 073561102 1,290,000.00 64500 X 0 0 64
BECTON DICKINSON & CO 075887109 5,387.50 200 X 0 0
231,662.50 8600 X 0 0 8
----------------- -------------- ------------- ---------- ------
237,050.00 8800 0 0 8
BELL ATLANTIC CORP 077853109 1,015,611.00 16514 X 0 0 16
2,187,063.00 35562 X 0 0 35
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 34,030,949.37 1129534 0 0 1129
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 6
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
----------------- -------------- ------------- ---------- ------
3,202,674.00 52076 0 0 52
BELLSOUTH CORP 079860102 830,734.67 17746 X 0 0 17
35,027,734.02 748256 X 0 0 748
----------------- -------------- ------------- ---------- ------
35,858,468.69 766002 0 0 766
BELO A H CORP DEL 080555105 1,225,570.50 66024 X 0 0 66
BERKSHIRE HATHAWAY INC B 084670207 776,340.00 454 X 0 0
19,945,440.00 11664 X 0 0 11
----------------- -------------- ------------- ---------- ------
20,721,780.00 12118 0 0 12
BERKSHIRE HATHAWAY INC CL A 084670108 420,800.00 8 X 0 0
CONV
BESTFOODS 08658U101 793,156.25 14930 X 0 0 14
926,075.00 17432 X 0 0 17
----------------- -------------- ------------- ---------- ------
1,719,231.25 32362 0 0 32
BIOGEN INC 090597105 1,406,850.00 16600 X 0 0 16
BLACK & DECKER CORP 091797100 1,038,890.75 20726 X 0 0 20
BLACK BOX CORP DEL 091826107 211,798.40 3200 X 0 0 3
529,496.00 8000 X 0 0 8
----------------- -------------- ------------- ---------- ------
741,294.40 11200 0 0 11
BLUE DIAMOND OIL CORP 095599908 134,400.00 22400 X 0 0 22
BOEING CO 097023105 215,943.75 5235 X 0 0 5
37,125.00 900 X 0 0
----------------- -------------- ------------- ---------- ------
253,068.75 6135 0 0 6
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 63,520,354.34 953575 0 0 953
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 7
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
BOSTON PRIVATE FINANCIAL 101119105 277,984.00 32000 X 0 0 32
HOLDINGS INC
BOSTON PROPERTYS INC 101121101 77,812.50 2500 X 0 0 2
186,750.00 6000 X 0 0 6
----------------- -------------- ------------- ---------- ------
264,562.50 8500 0 0 8
BOSTON SCIENTIFIC CORP 101137107 100,687.50 4500 X 0 0 4
285,370.75 12754 X 0 0 12
----------------- -------------- ------------- ---------- ------
386,058.25 17254 0 0 17
BRADLEY REAL ESTATE INC 104580105 207,000.00 12000 X 0 0 12
BRISTOL MYERS SQUIBB CO 110122108 4,893,423.75 74995 X 1400 0 73
34,652,839.50 531078 X 0 0 531
----------------- -------------- ------------- ---------- ------
39,546,263.25 606073 1400 0 604
BROKEN HILL PROPRIETARY LTD 112169602 299,617.50 11414 X 0 0 11
ADR
ADR
BURLINGTN NORTHN SANTA FE 12189T104 636,518.25 26316 X 0 0 26
BURLINGTON RESOURCES INC 122014103 407,475.50 12442 X 0 0 12
BURNHAM PACIFIC PROPERTIES INC 12232C108 180,000.00 20000 X 0 0 20
MD
CABLESOFT CORP 1269109D2 0.00 144340 X 0 0 144
CABOT CORP 127055101 984,506.26 48468 X 0 0 48
CABOT INDUSTRIAL TRUST 127072106 180,659.50 10178 X 0 0 10
8,027,473.00 452252 X 0 0 452
----------------- -------------- ------------- ---------- ------
8,208,132.50 462430 0 0 462
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 51,398,118.01 1401237 1400 0 1399
SUBTOTALS FOR THIS PAGE 51,398,118.01 1401237 1400 0 1399
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 8
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
CAIRNSTONE INC 1277669C9 0.00 200000 X 0 0 200
CAMPBELL SOUP CO 134429109 186,300.00 4800 X 0 0 4
7,255,220.63 186930 X 0 0 186
----------------- -------------- ------------- ---------- ------
7,441,520.63 191730 0 0 191
CAPITAL ONE FINL CORP 14040H105 1,158,806.25 24300 X 0 0 24
CARDINAL HEALTH INC 14149Y108 809,895.64 16829 X 0 0 16
1,337,441.88 27791 X 0 0 27
----------------- -------------- ------------- ---------- ------
2,147,337.52 44620 0 0 44
CAROLINA PWR & LT CO 144141108 135,025.00 4400 X 0 0 4
2,824,723.03 92048 X 0 0 92
----------------- -------------- ------------- ---------- ------
2,959,748.03 96448 0 0 96
CATERPILLAR INC 149123101 132,848.00 2888 X 0 0 2
316,480.00 6880 X 0 0 6
----------------- -------------- ------------- ---------- ------
449,328.00 9768 0 0 9
CBS CORP 12490K107 1,798,402.50 28890 X 0 0 28
8,632,207.50 138670 X 0 0 138
----------------- -------------- ------------- ---------- ------
10,430,610.00 167560 0 0 167
CENTAUR INC 151327996 111,639.00 74426 X 0 0 74
CHAMPION ENTERPRISES INC 158496109 310,260.25 37046 X 0 0 37
1,508,371.00 180104 X 0 0 180
----------------- -------------- ------------- ---------- ------
1,818,631.25 217150 0 0 217
CHASE GEN CORP 161555107 0.00 19129 X 0 0 19
CHASE MANHATTAN CORP NEW 16161A108 234,187.50 3000 X 0 0 3
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 26,751,808.18 1048131 0 0 1048
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 9
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
249,019.38 3190 X 0 0 3
----------------- -------------- ------------- ---------- ------
483,206.88 6190 0 0 6
CHEVRON CORP 166751107 651,510.00 7620 X 0 0 7
5,872,824.00 68688 X 0 0 68
----------------- -------------- ------------- ---------- ------
6,524,334.00 76308 0 0 76
CHOICEPOINT INC 170388102 171,150.00 4200 X 0 0 4
71,720.00 1760 X 0 0 1
----------------- -------------- ------------- ---------- ------
242,870.00 5960 0 0 5
CHUBB CORP 171232101 1,660,761.00 29394 X 0 0 29
CIGNA CORP 125509109 418,472.81 5235 X 0 0 5
2,512,835.34 31435 X 0 0 31
----------------- -------------- ------------- ---------- ------
2,931,308.15 36670 0 0 36
CINTAS CORP 172908105 3,774,498.00 69576 X 1000 0 68
45,046,758.75 830355 X 0 0 830
----------------- -------------- ------------- ---------- ------
48,821,256.75 899931 1000 0 898
CIRCUIT CITY GROUP 172737108 270,000.00 6000 X 0 0 6
CISCO SYSTEMS INC 17275R102 9,618,099.91 90577 X 1100 0 89
38,389,361.37 361526 X 0 0 361
----------------- -------------- ------------- ---------- ------
48,007,461.28 452103 1100 0 451
CITIGROUP INC. 172967101 1,356,373.13 24522 X 1450 0 23
2,649,413.46 47899 X 0 0 47
2,649,413.46 47899 X 0 0 47
----------------- -------------- ------------- ---------- ------
4,005,786.59 72421 1450 0 70
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 112,712,797.15 1581977 3550 0 1578
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 10
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
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.)
--------------
CLARITY IMAGING TECHNOLOGIES 170000954 0.00 120000 X 0 0 120
INC
CLOSURE MED CORP 189093107 28,067.50 2060 X 0 0 2
403,300.00 29600 X 0 0 29
----------------- -------------- ------------- ---------- ------
431,367.50 31660 0 0 31
CMGI INC 125750109 1,710,181.94 6362 X 500 0 5
12,001,918.17 44648 X 0 0 44
----------------- -------------- ------------- ---------- ------
13,712,100.11 51010 500 0 50
COCA COLA CO 191216100 211,835.94 3625 X 0 0 3
15,120,878.49 258753 X 0 0 258
----------------- -------------- ------------- ---------- ------
15,332,714.43 262378 0 0 262
COGNEX CORP 192422103 902,627.77 23734 X 0 0 23
19,164,049.09 503906 X 0 0 503
----------------- -------------- ------------- ---------- ------
20,066,676.86 527640 0 0 527
COLGATE PALMOLIVE CO 194162103 1,474,000.00 23584 X 0 0 23
10,216,000.00 163456 X 0 0 163
----------------- -------------- ------------- ---------- ------
11,690,000.00 187040 0 0 187
COMCAST CORP SPL A 200300200 376,837.56 7380 X 0 0 7
102,124.00 2000 X 0 0 2
----------------- -------------- ------------- ---------- ------
478,961.56 9380 0 0 9
478,961.56 9380 0 0 9
COMPAQ COMPUTER CORP 204493100 202,269.25 7372 X 0 0 7
430,768.75 15700 X 0 0 15
----------------- -------------- ------------- ---------- ------
633,038.00 23072 0 0 23
COMPUTER ASSOC INTL INC 204912109 935,987.50 13300 X 0 0 13
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 63,280,845.96 1225480 500 0 1224
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 11
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
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.)
--------------
119,848.63 1703 X 0 0 1
----------------- -------------- ------------- ---------- ------
1,055,836.13 15003 0 0 15
COMPUTER SCIENCES CORP 205363104 1,922,575.01 21200 X 0 0 21
1,234,256.88 13610 X 0 0 13
----------------- -------------- ------------- ---------- ------
3,156,831.89 34810 0 0 34
COMVERSE TECHNOLOGY INC 205862402 235,875.00 1700 X 0 0 1
COMVERSE TECHNOLOGY INC 205862402 235,875.00 1700 X 0 0 1
CONCORD EFS INC 206197105 235,950.00 9075 X 0 0 9
763,100.00 29350 X 0 0 29
----------------- -------------- ------------- ---------- ------
999,050.00 38425 0 0 38
CONOCO INC B 208251405 310,470.19 12544 X 0 0 12
3,233,166.75 130633 X 0 0 130
----------------- -------------- ------------- ---------- ------
3,543,636.94 143177 0 0 143
CONSOLIDATED NAT GAS CO 209615103 207,600.00 3200 X 0 0 3
83,559.00 1288 X 0 0 1
----------------- -------------- ------------- ---------- ------
291,159.00 4488 0 0 4
CONSOLIDATED STORES CORP 210149100 260,632.13 16614 X 0 0 16
CORNING INC 219350105 60,968.75 500 X 0 0
CORNING INC 219350105 60,968.75 500 X 0 0
7,576,220.78 62132 X 0 0 62
----------------- -------------- ------------- ---------- ------
7,637,189.53 62632 0 0 62
CORP FOR LASER OPTICS RES 2200359A9 12,501.00 6945 X 0 0 6
137,500.20 76389 X 0 0 76
----------------- -------------- ------------- ---------- ------
150,001.20 83334 0 0 83
COX COMMUNICATIONS INC A 224044107 535,747.13 10622 X 1000 0 9
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 16,929,971.45 397505 1000 0 396
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 12
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
As of 12/31/1999
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
------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
1,576,121.44 31249 X 0 0 31
----------------- -------------- ------------- ---------- ------
2,111,868.57 41871 1000 0 40
CRITICAL PATH 22674V100 255,899.60 2875 X 0 0 2
CVS CORP 126650100 26,950.00 700 X 0 0
CVS CORP 126650100 26,950.00 700 X 0 0
367,675.00 9550 X 0 0 9
----------------- -------------- ------------- ---------- ------
394,625.00 10250 0 0 10
DAYTON HUDSON CORP 239753106 206,675.00 2800 X 0 0 2
298,940.63 4050 X 0 0 4
----------------- -------------- ------------- ---------- ------
505,615.63 6850 0 0 6
DELL COMPUTER CORP 247025109 239,485.20 4600 X 0 0 4
DEVRY INC DEL 251893103 204,750.00 10500 X 0 0 10
DIAMOND TECHNOLOGY PARTNERS 252762109 527,680.00 6208 X 0 0 6
6,704,205.00 78873 X 0 0 78
----------------- -------------- ------------- ---------- ------
7,231,885.00 85081 0 0 85
DIGITRACE CARE SYS 2538979A2 60,000.00 20000 X 0 0 20
DIGITRACE CARE SYS 2538979A2 60,000.00 20000 X 0 0 20
DII GROUP INC 232949107 5,633,461.50 81057 X 0 0 81
DISNEY WALT CO 254687106 490,202.89 16831 X 0 0 16
2,456,868.51 84356 X 0 0 84
----------------- -------------- ------------- ---------- ------
2,947,071.40 101187 0 0 101
DOLLAR GENERAL CORP 256669102 317,625.01 14000 X 0 0 14
DOVER CORP 260003108 1,024,496.25 22830 X 0 0 22
34,643,141.02 771992 X 0 0 771
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 55,034,177.05 1162471 0 0 1162
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 13
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 13
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
----------------- -------------- ------------- ---------- ------
35,667,637.27 794822 0 0 794
DOW CHEM CO 260543103 1,298,981.25 9897 X 0 0 9
DOW CHEM CO 260543103 1,298,981.25 9897 X 0 0 9
5,220,075.00 39772 X 0 0 39
----------------- -------------- ------------- ---------- ------
6,519,056.25 49669 0 0 49
DOW JONES & CO INC 260561105 847,656.25 12500 X 0 0 12
DPL INC 233293109 16,046.13 937 X 0 0
437,971.88 25575 X 0 0 25
----------------- -------------- ------------- ---------- ------
454,018.01 26512 0 0 26
DU PONT E I DE NEMOURS 263534109 2,026,820.28 31122 X 0 0 31
20,820,730.80 319704 X 0 0 319
----------------- -------------- ------------- ---------- ------
22,847,551.08 350826 0 0 350
DUKE ENERGY CORP 264399106 164,784.38 3255 X 0 0 3
289,423.13 5717 X 0 0 5
----------------- -------------- ------------- ---------- ------
454,207.51 8972 0 0 8
DUN & BRADSTREET CORP 26483B106 1,821.25 62 X 0 0
604,743.14 20587 X 0 0 20
----------------- -------------- ------------- ---------- ------
606,564.39 20649 0 0 20
E M C CORP MASS 268648102 9,157,695.75 83063 X 1600 0 81
42,219,465.75 382943 X 0 0 382
----------------- -------------- ------------- ---------- ------
51,377,161.50 466006 1600 0 464
E TOWN 269242103 458,337.50 7400 X 0 0 7
EASTMAN KODAK CO 277461109 560,942.00 8564 X 0 0 8
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 84,125,494.49 951098 1600 0 949
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 14
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
EATON VANCE CORP NON VTG 278265103 363,000.00 9600 X 0 0 9
EATON VANCE CORP NON VTG 278265103 363,000.00 9600 X 0 0 9
EDO CORP 281347104 135,700.00 23600 X 0 0 23
EDUCATION PARTNERS LP III 2813909B2 0.00 12365 X 0 0 12
EL PASO ENERGY CORP 283905107 81,923.00 2074 X 0 0 2
2,221,875.00 56250 X 0 0 56
----------------- -------------- ------------- ---------- ------
2,303,798.00 58324 0 0 58
ELAN PLC ADR 284131208 191,157.75 6678 X 0 0 6
4,980,921.75 174006 X 0 0 174
----------------- -------------- ------------- ---------- ------
5,172,079.50 180684 0 0 180
EMERSON ELEC CO 291011104 1,253,414.25 21846 X 0 0 21
9,804,985.88 170893 X 0 0 170
----------------- -------------- ------------- ---------- ------
11,058,400.13 192739 0 0 192
11,058,400.13 192739 0 0 192
EMPOWER 2921999A6 200,000.00 100000 X 0 0 100
ENERGYNORTH INC 292925104 987,635.00 17957 X 0 0 17
ENRON CORP 293561106 1,045,804.50 23634 X 0 0 23
2,983,512.00 67424 X 0 0 67
----------------- -------------- ------------- ---------- ------
4,029,316.50 91058 0 0 91
EPICON INC 2942559C0 0.00 108350 X 0 0 108
EQUIFAX INC 294429105 83,318.88 3574 X 0 0 3
307,725.00 13200 X 0 0 13
----------------- -------------- ------------- ---------- ------
391,043.88 16774 0 0 16
EQUITY OFFICE PPTYS TR 294741103 298,235.26 12204 X 0 0 12
4,470,865.24 182951 X 0 0 182
4,470,865.24 182951 X 0 0 182
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 29,410,073.51 1006606 0 0 1006
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 15
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
----------------- -------------- ------------- ---------- ------
4,769,100.50 195155 0 0 195
EXPEDITORS INTL WASH INC 302130109 51,450.00 1200 X 0 0 1
235,812.50 5500 X 0 0 5
----------------- -------------- ------------- ---------- ------
287,262.50 6700 0 0 6
EXXON MOBIL CORP 30231G102 27,369,342.06 340256 X 1000 0 339
162,888,190.08 2025028 X 1550 0 2023
----------------- -------------- ------------- ---------- ------
190,257,532.14 2365284 2550 0 2362
FEDERAL NATL MTG ASSN 313586109 584,038.13 9439 X 0 0 9
1,922,703.76 31074 X 0 0 31
----------------- -------------- ------------- ---------- ------
2,506,741.89 40513 0 0 40
2,506,741.89 40513 0 0 40
FEDERAL RLTY INVT TR 313747206 187,500.00 10000 X 0 0 10
FIDUCIARY CO INC 316476902 270,375.00 1250 X 0 0 1
FIFTH THIRD BANCORP 316773100 120,574.87 1637 X 0 0 1
220,968.00 3000 X 0 0 3
----------------- -------------- ------------- ---------- ------
341,542.87 4637 0 0 4
FIRST DATA CORP 319963104 501,250.00 10000 X 0 0 10
FIRST UNION CORP 337358105 16,718.75 500 X 0 0
850,148.45 25425 X 0 0 25
----------------- -------------- ------------- ---------- ------
866,867.20 25925 0 0 25
FIRST WASHINGTON REALTY TRUST 337489504 226,500.00 12000 X 0 0 12
FIRSTAR CORP NEW WIS 33763V109 3,623,025.00 172525 X 0 0 172
FLEETBOSTON FINANCIAL CORP 339030108 1,912,974.96 54559 X 0 0 54
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 200,981,571.56 2703393 2550 0 2700
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 16
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
11,168,002.34 318517 X 0 0 318
----------------- -------------- ------------- ---------- ------
13,080,977.30 373076 0 0 373
FOCUS ENHANCEMENT 344159108 12,596.44 1493 X 0 0 1
498,162.66 59045 X 0 0 59
----------------- -------------- ------------- ---------- ------
510,759.10 60538 0 0 60
FPL GROUP INC 302571104 102,450.00 2400 X 0 0 2
452,871.69 10609 X 0 0 10
----------------- -------------- ------------- ---------- ------
555,321.69 13009 0 0 13
GAMEWRIGHT INC 364625996 6,250.00 6250 X 0 0 6
156,150.00 156150 X 0 0 156
----------------- -------------- ------------- ---------- ------
162,400.00 162400 0 0 162
GANNETT INC 364730101 2,430.00 30 X 0 0
719,442.00 8882 X 0 0 8
----------------- -------------- ------------- ---------- ------
721,872.00 8912 0 0 8
GELTEX PHARMACEUTICALS 368538104 6,806.25 550 X 0 0
378,675.00 30600 X 0 0 30
----------------- -------------- ------------- ---------- ------
385,481.25 31150 0 0 31
GENERAL ELEC CO 369604103 27,654,635.00 178417 X 1600 0 176
273,418,295.00 1763989 X 0 0 1763
----------------- -------------- ------------- ---------- ------
301,072,930.00 1942406 1600 0 1940
301,072,930.00 1942406 1600 0 1940
GENERAL MLS INC 370334104 287,161.25 8132 X 0 0 8
5,689,867.82 161129 X 0 0 161
----------------- -------------- ------------- ---------- ------
5,977,029.07 169261 0 0 169
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 320,553,795.45 2706193 1600 0 2704
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 17
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
GENERAL MTRS CORP 370442105 43,575.00 600 X 0 0
192,601.50 2652 X 0 0 2
----------------- -------------- ------------- ---------- ------
236,176.50 3252 0 0 3
GENERAL MTRS CORP NEW H 370442832 746,000.00 8000 X 0 0 8
GENERAL ORTHOPEDICS 3719909F1 0.00 18067 X 0 0 18
GENRAD INC 372447102 35,076.50 2263 X 0 0 2
1,874,182.50 120915 X 0 0 120
1,874,182.50 120915 X 0 0 120
----------------- -------------- ------------- ---------- ------
1,909,259.00 123178 0 0 123
GENUINE PARTS CO 372460105 395,000.00 16000 X 0 0 16
GENZYME CORP 372917104 849,991.50 18428 X 0 0 18
12,401,305.88 268863 X 0 0 268
----------------- -------------- ------------- ---------- ------
13,251,297.38 287291 0 0 287
GENZYME CORP TISSUE REPAIR 372917401 3,042.73 1036 X 0 0 1
196,156.36 66788 X 0 0 66
----------------- -------------- ------------- ---------- ------
199,199.09 67824 0 0 67
GENZYME SURGICAL PRODUCTS 372917609 744.88 137 X 0 0
86,692.99 15945 X 0 0 15
----------------- -------------- ------------- ---------- ------
87,437.87 16082 0 0 16
87,437.87 16082 0 0 16
GEOPETRO COMPANY 373160993 151,000.00 302000 X 0 0 302
GEORGIA PAC CORP 373298108 620,631.00 12538 X 0 0 12
GILLETTE CO 375766102 3,947,253.43 95258 X 0 0 95
25,701,982.64 620259 X 0 0 620
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 47,245,236.91 1569749 0 0 1569
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 18
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
----------------- -------------- ------------- ---------- ------
29,649,236.07 715517 0 0 715
GOLDMAN SACHS GROUP 38141G104 212,031.25 2300 X 0 0 2
GRAINGER W W INC 384802104 502,080.00 10460 X 0 0 10
GREAT LAKES CHEM CORP 390568103 121,400.00 3200 X 0 0 3
GREAT LAKES CHEM CORP 390568103 121,400.00 3200 X 0 0 3
962,284.69 25365 X 0 0 25
----------------- -------------- ------------- ---------- ------
1,083,684.69 28565 0 0 28
GREEN POWER ASIA LTD 393400999 0.00 620375 X 0 0 620
GSI LUMONICS 36229U102 568,231.95 67350 X 0 0 67
GTE CORP 362320103 1,057,032.50 15020 X 0 0 15
17,221,311.78 244708 X 0 0 244
----------------- -------------- ------------- ---------- ------
18,278,344.28 259728 0 0 259
HALLIBURTON CO 406216101 148,528.75 3833 X 0 0 3
531,650.00 13720 X 0 0 13
----------------- -------------- ------------- ---------- ------
680,178.75 17553 0 0 17
HANNAFORD BROS CO 410550107 516,562.50 7500 X 0 0 7
HANNAFORD BROS CO 410550107 516,562.50 7500 X 0 0 7
HARDING ENERGY INC 411699911 416,000.00 1664 X 0 0 1
HARTFORD FINL SVCS GROUP 416515104 86,595.00 1840 X 0 0 1
567,856.13 12066 X 0 0 12
----------------- -------------- ------------- ---------- ------
654,451.13 13906 0 0 13
HEALTHEON/WEBMD CORP 422209106 236,325.00 6250 X 0 0 6
HEARST-ARGYLE TELEVISION INC. 422317107 372,594.75 14262 X 0 0 14
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 23,520,484.30 1049913 0 0 1049
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 19
BUSINESS DATE: 12/31/1999 R33.002.001
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
HEINZ H J CO 423074103 6,981.75 174 X 0 0
314,339.25 7834 X 0 0 7
----------------- -------------- ------------- ---------- ------
321,321.00 8008 0 0 8
HELIX TECHNOLOGY CORP 423319102 570,900.00 13200 X 0 0 13
HEMAGEN DIAGNOSTICS INC 423501105 74,023.00 79000 X 0 0 79
HEWLETT PACKARD CO 428236103 4,123,299.25 35777 X 0 0 35
58,431,750.00 507000 X 0 0 507
----------------- -------------- ------------- ---------- ------
62,555,049.25 542777 0 0 542
HITCHINER MFG CO INC 43363*101 355,408.00 4850 X 0 0 4
HOME DEPOT INC 437076102 11,962,682.04 117066 X 2700 0 114
110,617,867.16 1082499 X 0 0 1082
----------------- -------------- ------------- ---------- ------
122,580,549.20 1199565 2700 0 1196
HONEYWELL INTL INC 438516106 141,875.00 2500 X 0 0 2
192,950.00 3400 X 0 0 3
----------------- -------------- ------------- ---------- ------
----------------- -------------- ------------- ---------- ------
334,825.00 5900 0 0 5
HOUGHTON MIFFLIN CO 441560109 2,520,000.00 60000 X 0 0 60
HSB GROUP INC 40428N109 40,125.00 1200 X 0 0 1
337,317.51 10088 X 0 0 10
----------------- -------------- ------------- ---------- ------
377,442.51 11288 0 0 11
HUBBELL INC B 443510201 48,010.13 1734 X 0 0 1
3,704,393.70 133793 X 0 0 133
----------------- -------------- ------------- ---------- ------
3,752,403.83 135527 0 0 135
I2 TECHNOLOGIES INC 465754109 5,983,110.00 30000 X 0 0 30
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 199,425,031.79 2090115 2700 0 2087
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 20
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
IBM CORP 459200101 5,836,395.00 53668 X 200 0 53
IBM CORP 459200101 5,836,395.00 53668 X 200 0 53
53,946,851.25 496063 X 0 0 496
----------------- -------------- ------------- ---------- ------
59,783,246.25 549731 200 0 549
IDEXX LABORATORIES INC 45168D104 163,242.69 10243 X 0 0 10
ILLINOIS GAS CO 4520459A7 1,200,000.00 600 X 0 0
ILLINOIS TOOL WKS INC 452308109 324,534.38 4950 X 0 0 4
371,477.12 5666 X 0 0 5
----------------- -------------- ------------- ---------- ------
696,011.50 10616 0 0 10
IMATRON INC 452906100 25,310.00 10000 X 0 0 10
IMS HEALTH INCORPORATED 449934108 1,361,044.22 50526 X 0 0 50
15,564,191.28 577789 X 0 0 577
----------------- -------------- ------------- ---------- ------
16,925,235.50 628315 0 0 628
16,925,235.50 628315 0 0 628
INFORMATION MAPPING INC 4567099A4 0.00 28667 X 0 0 28
INTEL CORP 458140100 10,907,763.59 130340 X 500 0 129
86,926,272.71 1038707 X 0 0 1038
----------------- -------------- ------------- ---------- ------
97,834,036.30 1169047 500 0 1168
INTERNATIONAL PAPER C0 460146103 32,373.00 594 X 0 0
2,004,782.50 36785 X 0 0 36
----------------- -------------- ------------- ---------- ------
2,037,155.50 37379 0 0 37
INTERNET CAPITAL GROUP INC 46059C106 99,150.00 600 X 0 0
165,250.00 1000 X 0 0 1
----------------- -------------- ------------- ---------- ------
264,400.00 1600 0 0 1
----------------- -------------- ------------- ---------- ------
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 178,928,637.74 2446198 700 0 2445
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 21
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
INTERPUBLIC GROUP COS 460690100 2,873,170.17 52121 X 600 0 51
42,391,290.38 769003 X 0 0 769
----------------- -------------- ------------- ---------- ------
45,264,460.55 821124 600 0 820
INTL FLAVORS & FRAGRANCES 459506101 225,000.00 6000 X 0 0 6
INVESTORS FINL SVCS 461915100 1,722,637.50 37500 X 0 0 37
IPALCO ENTERPRISES INC 462613100 168,254.25 10236 X 0 0 10
JDS UNIPHASE CORP 46612J101 3,933,000.00 24000 X 0 0 24
JEFFERSON PILOT CORP 475070108 10,087.50 150 X 0 0
728,990.00 10840 X 0 0 10
----------------- -------------- ------------- ---------- ------
739,077.50 10990 0 0 10
JML CORP 4662189D8 311,540.00 1000 X 0 0 1
JOHNSON & JOHNSON 478160104 2,930,196.50 31339 X 200 0 31
24,941,779.50 266757 X 0 0 266
----------------- -------------- ------------- ---------- ------
27,871,976.00 298096 200 0 297
JOHNSON CTLS INC 478366107 265,098.00 4692 X 0 0 4
KIMBERLY CLARK CORP 494368103 319,800.00 4920 X 0 0 4
8,089,120.00 124448 X 0 0 124
----------------- -------------- ------------- ---------- ------
8,408,920.00 129368 0 0 129
KINNEY OIL CO 496625997 0.00 14952 X 0 0 14
KLA-TENCOR CORP 482480100 8,827,014.70 81215 X 0 0 81
LEADVILLE CORP 5217119A1 136,308.75 181745 X 0 0 181
LEADVILLE CORP 5217119A1 136,308.75 181745 X 0 0 181
LILLY ELI & CO 532457108 1,349,035.00 20060 X 0 0 20
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 99,222,322.25 1640978 800 0 1640
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 22
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
7,107,518.00 105688 X 0 0 105
----------------- -------------- ------------- ---------- ------
8,456,553.00 125748 0 0 125
LINCOLN NATL CORP IND 534187109 317,000.00 8000 X 0 0 8
LINEAR TECHNOLOGY CORP 535678106 3,601,714.74 50953 X 0 0 50
37,317,151.72 527921 X 0 0 527
----------------- -------------- ------------- ---------- ------
40,918,866.46 578874 0 0 578
LUCENT TECHNOLOGIES INC 549463107 7,799,652.08 104256 X 1800 0 102
41,778,367.41 558441 X 0 0 558
----------------- -------------- ------------- ---------- ------
49,578,019.49 662697 1800 0 660
49,578,019.49 662697 1800 0 660
M & T BANK CORP 55261F104 564,282.00 1363 X 0 0 1
M C I WORLDCOM INC 55268B106 3,365,658.77 42402 X 2025 0 40
9,697,164.38 122169 X 0 0 122
----------------- -------------- ------------- ---------- ------
13,062,823.15 164571 2025 0 162
MACDERMID INC 554273102 520,000.00 13000 X 0 0 13
MARSH & MCLENNAN COS 571748102 810,207.25 8551 X 0 0 8
830,199.50 8762 X 0 0 8
----------------- -------------- ------------- ---------- ------
1,640,406.75 17313 0 0 17
MASCO CORP 574599106 429,870.50 16694 X 0 0 16
19,823,071.00 769828 X 0 0 769
----------------- -------------- ------------- ---------- ------
20,252,941.50 786522 0 0 786
20,252,941.50 786522 0 0 786
MATRITECH INC 576818108 291,371.60 81800 X 0 0 81
MAXIM INTERGRATED PRODUCTS INC 57772K101 875,178.00 19000 X 0 0 19
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 135,128,406.95 2438828 3825 0 2435
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 23
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
MAY DEPT STORES CO 577778103 28,800.00 900 X 0 0
228,608.00 7144 X 0 0 7
----------------- -------------- ------------- ---------- ------
257,408.00 8044 0 0 8
MBIA INC 55262C100 273,508.75 5185 X 0 0 5
18,745,503.75 355365 X 0 0 355
----------------- -------------- ------------- ---------- ------
19,019,012.50 360550 0 0 360
MBNA CORP 55262L100 301,930.00 11080 X 0 0 11
93,058.75 3415 X 0 0 3
93,058.75 3415 X 0 0 3
----------------- -------------- ------------- ---------- ------
394,988.75 14495 0 0 14
MCDONALDS CORP 580135101 1,663,366.26 41780 X 0 0 41
3,133,562.25 78708 X 0 0 78
----------------- -------------- ------------- ---------- ------
4,796,928.51 120488 0 0 120
MCGRAW HILL COS INC 580645109 24,425.00 400 X 0 0
490,942.50 8040 X 0 0 8
----------------- -------------- ------------- ---------- ------
515,367.50 8440 0 0 8
MEDIA ONE GROUP INC 58440J104 16,892.69 221 X 0 0
5,484,161.32 71747 X 0 0 71
----------------- -------------- ------------- ---------- ------
5,501,054.01 71968 0 0 71
MEDTRONIC INC 585055106 1,402,930.01 38240 X 2000 0 36
MEDTRONIC INC 585055106 1,402,930.01 38240 X 2000 0 36
3,593,907.50 97960 X 0 0 97
----------------- -------------- ------------- ---------- ------
4,996,837.51 136200 2000 0 134
MELLON FINANCIAL CORP 58551A108 13,675.00 400 X 0 0
765,800.00 22400 X 0 0 22
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 36,261,071.78 742985 2000 0 740
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 24
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
----------------- -------------- ------------- ---------- ------
779,475.00 22800 0 0 22
MERCK & CO INC 589331107 81,477,397.03 1201510 X 500 0 1201
186,821,471.28 2754971 X 0 0 2754
----------------- -------------- ------------- ---------- ------
268,298,868.31 3956481 500 0 3955
META GROUP INC 591002100 151,829.00 7991 X 0 0 7
META GROUP INC 591002100 151,829.00 7991 X 0 0 7
1,661,816.00 87464 X 0 0 87
----------------- -------------- ------------- ---------- ------
1,813,645.00 95455 0 0 95
MGI PPTYS 552885105 32,550.00 6200 X 0 0 6
841,370.25 160261 X 0 0 160
----------------- -------------- ------------- ---------- ------
873,920.25 166461 0 0 166
MICROMUSE INC 595094103 608,248.00 4000 X 0 0 4
MICROSOFT CORP 594918104 9,724,882.18 82677 X 1300 0 81
90,707,459.77 771158 X 0 0 771
----------------- -------------- ------------- ---------- ------
100,432,341.95 853835 1300 0 852
MILLIPORE CORP 601073109 7,871,852.32 203802 X 0 0 203
MINNESOTA MNG & MFG CO 604059105 2,371,017.76 24602 X 0 0 24
MINNESOTA MNG & MFG CO 604059105 2,371,017.76 24602 X 0 0 24
25,235,119.15 261843 X 0 0 261
----------------- -------------- ------------- ---------- ------
27,606,136.91 286445 0 0 286
MONSANTO CO 611662107 367,581.25 10300 X 0 0 10
3,387,279.09 94915 X 0 0 94
----------------- -------------- ------------- ---------- ------
3,754,860.34 105215 0 0 105
MORGAN J P & CO INC 616880100 917,831.27 7252 X 0 0 7
4,233,135.94 33447 X 0 0 33
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 416,410,840.29 5712393 1800 0 5710
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 25
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
----------------- -------------- ------------- ---------- ------
5,150,967.21 40699 0 0 40
MORGAN STANLEY DEAN WITTER 617446448 42,375.00 300 X 0 0
308,490.00 2184 X 0 0 2
----------------- -------------- ------------- ---------- ------
----------------- -------------- ------------- ---------- ------
350,865.00 2484 0 0 2
MOTOROLA INC 620076109 1,180,000.00 8000 X 0 0 8
16,433,712.50 111415 X 0 0 111
----------------- -------------- ------------- ---------- ------
17,613,712.50 119415 0 0 119
MYLAN LABS INC 628530107 4,912.50 200 X 0 0
440,872.32 17949 X 0 0 17
----------------- -------------- ------------- ---------- ------
445,784.82 18149 0 0 18
NATIONAL CITY CORP 635405103 321,111.00 13592 X 0 0 13
NATIONAL SEMICONDUCTOR 637640103 255,000.00 6000 X 0 0 6
NETWORK APPLIANCE INC 64120L104 1,561,700.00 18400 X 0 0 18
NEW ENGLAND BUSINESS SVC 643872104 994,308.50 42311 X 0 0 42
NEW ENGLAND BUSINESS SVC 643872104 994,308.50 42311 X 0 0 42
NEWELL RUBBERMAID INC. 651229106 130,900.00 4400 X 0 0 4
84,400.75 2837 X 0 0 2
----------------- -------------- ------------- ---------- ------
215,300.75 7237 0 0 7
NORDSTROM INC 655664100 847,251.00 32744 X 0 0 32
NORTHERN TR CORP 665859104 148,888.25 2766 X 0 0 2
3,111,258.40 57800 X 0 0 57
----------------- -------------- ------------- ---------- ------
3,260,146.65 60566 0 0 60
NOVELL INC 670006105 169,591.50 4500 X 0 0 4
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 26,034,771.72 325398 0 0 325
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 26
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
339,183.00 9000 X 0 0 9
----------------- -------------- ------------- ---------- ------
508,774.50 13500 0 0 13
508,774.50 13500 0 0 13
NOVEN PHARMACEUTICALS 670009109 1,337,765.64 79275 X 0 0 79
O REILLY AUTOMOTIVE INC 686091109 426,021.64 20470 X 2000 0 18
1,058,914.56 50880 X 0 0 50
----------------- -------------- ------------- ---------- ------
1,484,936.20 71350 2000 0 69
OBJECT DESIGN INC 674416102 97,559.00 7000 X 0 0 7
666,885.45 47850 X 0 0 47
----------------- -------------- ------------- ---------- ------
764,444.45 54850 0 0 54
OCEAN NATL CORP 674856109 315,210.00 3318 X 0 0 3
OMNICOM GROUP INC 681919106 79,750.00 800 X 0 0
162,889.38 1634 X 0 0 1
----------------- -------------- ------------- ---------- ------
242,639.38 2434 0 0 2
242,639.38 2434 0 0 2
ONE VALLEY BANCORP INC 682419106 656,253.03 22152 X 0 0 22
OVERSEAS PARTNERS LTD 690350921 5,155,701.76 259864 X 0 0 259
PANERA BREAD CO 69840W108 11,250.00 1500 X 0 0 1
153,225.00 20430 X 0 0 20
----------------- -------------- ------------- ---------- ------
164,475.00 21930 0 0 21
PARAMETRIC TECHNOLOGY CRP 699173100 626,014.25 22973 X 0 0 22
6,398,354.50 234802 X 0 0 234
----------------- -------------- ------------- ---------- ------
7,024,368.75 257775 0 0 257
PAYCHEX INC 704326107 4,563,267.52 109465 X 2000 0 107
66,640,463.31 1598591 X 0 0 1598
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 88,688,708.04 2490004 4000 0 2486
SUBTOTALS FOR THIS PAGE 88,688,708.04 2490004 4000 0 2486
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 27
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
----------------- -------------- ------------- ---------- ------
71,203,730.83 1708056 2000 0 1706
PE CORP - CELLERA GENOMICS 69332S201 16,250.00 100 X 0 0
GROUP
975,000.00 6000 X 0 0 6
----------------- -------------- ------------- ---------- ------
991,250.00 6100 0 0 6
PE CORP - PE BIOSYSTEMS GROUP 69332S102 95,900.00 800 X 0 0
959,000.00 8000 X 0 0 8
----------------- -------------- ------------- ---------- ------
1,054,900.00 8800 0 0 8
PEOPLES HERITAGE FINL GRP 711147108 164,008.26 10980 X 0 0 10
PEPSICO INC 713448108 1,057,900.00 29800 X 0 0 29
3,078,915.00 86730 X 0 0 86
----------------- -------------- ------------- ---------- ------
----------------- -------------- ------------- ---------- ------
4,136,815.00 116530 0 0 116
PFIZER INC 717081103 9,507,094.02 290848 X 0 0 290
39,174,301.80 1198449 X 0 0 1198
----------------- -------------- ------------- ---------- ------
48,681,395.82 1489297 0 0 1489
PHARMACIA & UPJOHN INC 716941109 8,745.31 193 X 0 0
303,593.75 6700 X 0 0 6
----------------- -------------- ------------- ---------- ------
312,339.06 6893 0 0 6
PHILIP MORRIS COS INC 718154107 1,010,390.31 42655 X 0 0 42
PHILLIPS PETE CO 718507106 433,069.13 9202 X 0 0 9
PHOTOSCAPE ASSOCIATES 7193469A8 0.00 10000 X 0 0 10
PITNEY BOWES INC 724479100 230,606.25 4900 X 0 0 4
PITNEY BOWES INC 724479100 230,606.25 4900 X 0 0 4
4,453,806.76 94636 X 0 0 94
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 61,468,580.59 1799993 0 0 1799
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 28
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
----------------- -------------- ------------- ---------- ------
4,684,413.01 99536 0 0 99
PMC COML TR 693434102 20,250.00 2000 X 0 0 2
494,100.00 48800 X 0 0 48
----------------- -------------- ------------- ---------- ------
514,350.00 50800 0 0 50
PNC BK CORP 693475105 78,312.50 1750 X 0 0 1
979,219.50 21882 X 0 0 21
----------------- -------------- ------------- ---------- ------
1,057,532.00 23632 0 0 23
POINT THERAPEUTICS 9899469P5 125,000.00 12500 X 0 0 12
POLARIS VENTURE PARTNERS 731111910 180,641.00 180641 X 0 0 180
POLARIS VENTURE PARTNERS 731111910 180,641.00 180641 X 0 0 180
POLICY MGMT SYS CORP 731108106 867,543.25 33691 X 0 0 33
POLYMEDICA CORPORATION 731738100 651,000.00 28000 X 0 0 28
POTOMAC ELEC PWR CO 737679100 474,500.00 20800 X 0 0 20
POWERTEL INC 73936C109 200,250.00 2000 X 0 0 2
PPG INDS INC 693506107 379,725.00 6100 X 0 0 6
261,450.00 4200 X 0 0 4
----------------- -------------- ------------- ---------- ------
641,175.00 10300 0 0 10
PRIAM CORP 741400105 0.00 26550 X 0 0 26
PROCTER & GAMBLE CO 742718109 11,942,437.90 108939 X 1000 0 107
115,620,500.94 1054691 X 0 0 1054
----------------- -------------- ------------- ---------- ------
----------------- -------------- ------------- ---------- ------
127,562,938.84 1163630 1000 0 1162
PROGRESSIVE CORP OHIO 743315103 1,111.88 15 X 0 0
2,519,286.38 33987 X 0 0 33
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 134,795,328.35 1586546 1000 0 1585
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 29
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
INVEST
MARKET INVEST AUTH VOTING AUTH (SHARES)
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.)
--------------
----------------- -------------- ------------- ---------- ------
2,520,398.26 34002 0 0 34
PROVIDIAN FINL CORP 74406A102 178,333.25 1987 X 0 0 1
2,426,481.00 27036 X 0 0 27
----------------- -------------- ------------- ---------- ------
2,604,814.25 29023 0 0 29
PULITZER INC 745769109 268,757.50 6740 X 0 0 6
PUMA TECHNOLOGY INC 745887109 4,889,800.00 42520 X 0 0 42
136,052,130.00 1183062 X 0 0 1183
----------------- -------------- ------------- ---------- ------
----------------- -------------- ------------- ---------- ------
140,941,930.00 1225582 0 0 1225
QUALCOMM INC 747525103 6,858,200.00 10600 X 0 0 10
13,328,200.00 20600 X 0 0 20
----------------- -------------- ------------- ---------- ------
20,186,400.00 31200 0 0 31
QUESTECH CORPORATION 4580999F7 164,250.00 36500 X 0 0 36
QUINTILES TRANSNATIONAL 748767100 459,000.00 24000 X 0 0 24
QWEST COMMUNICATIONS INTL INC 749121109 1,065,346.33 25328 X 2000 0 23
13,872,636.37 329814 X 0 0 329
----------------- -------------- ------------- ---------- ------
14,937,982.70 355142 2000 0 353
R & B FALCON CORP 74912E101 109,650.00 8600 X 0 0 8
639,999.00 50196 X 0 0 50
----------------- -------------- ------------- ---------- ------
----------------- -------------- ------------- ---------- ------
749,649.00 58796 0 0 58
RAPID COMMUNICATION L P 753388990 50,000.00 50000 X 0 0 50
RAVINE BEECH CO INC 753865997 3,889,670.32 12887 X 0 0 12
RAYTHEON CO B 755111408 97,498.51 3732 X 0 0 3
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 184,349,952.28 1833602 2000 0 1831
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 30
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
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.)
--------------
3,984,532.75 152518 X 0 0 152
----------------- -------------- ------------- ---------- ------
4,082,031.26 156250 0 0 156
REED & BARTON CORP 758140909 16,195,321.08 9402 X 0 0 9
993,905.58 577 X 0 0
----------------- -------------- ------------- ---------- ------
17,189,226.66 9979 0 0 9
RELIANT ENERGY INC 75952J108 25,734.38 1125 X 0 0 1
RELIANT ENERGY INC 75952J108 25,734.38 1125 X 0 0 1
183,732.00 8032 X 0 0 8
----------------- -------------- ------------- ---------- ------
209,466.38 9157 0 0 9
RELIASTAR FINL CORP 75952U103 74,693.75 1900 X 0 0 1
3,722,893.76 94700 X 0 0 94
----------------- -------------- ------------- ---------- ------
3,797,587.51 96600 0 0 96
ROCHDALE CORP 7713159A8 240,125.00 21250 X 0 0 21
ROUSE CO 779273101 206,031.25 9500 X 0 0 9
SAFE ROOF SYSTEMS INC 793743A96 210,000.00 8400 X 0 0 8
SALEM OIL & GREASE 794438903 455,566.20 740 X 0 0
SAPIENT CORP 803062108 159,450.00 1200 X 0 0 1
1,476,905.63 11115 X 0 0 11
1,476,905.63 11115 X 0 0 11
----------------- -------------- ------------- ---------- ------
1,636,355.63 12315 0 0 12
SARA LEE CORP 803111103 204,700.00 9200 X 0 0 9
1,425,112.50 64050 X 0 0 64
----------------- -------------- ------------- ---------- ------
1,629,812.50 73250 0 0 73
SBC COMMUNICATIONS INC 78387G103 3,206,269.09 67235 X 0 0 67
6,113,966.86 128209 X 0 0 128
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 38,878,939.83 589153 0 0 589
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 31
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
As of 12/31/1999
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
------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
----------------- -------------- ------------- ---------- ------
9,320,235.95 195444 0 0 195
SCHERING PLOUGH CORP 806605101 1,623,846.88 39070 X 1000 0 38
11,632,637.23 279883 X 0 0 279
----------------- -------------- ------------- ---------- ------
13,256,484.11 318953 1000 0 317
13,256,484.11 318953 1000 0 317
SCHLUMBERGER LTD 806857108 957,863.00 16444 X 0 0 16
6,982,835.25 119877 X 0 0 119
----------------- -------------- ------------- ---------- ------
7,940,698.25 136321 0 0 136
SCHOLASTIC CORP 807066105 208,687.50 3500 X 0 0 3
SEALED AIR CORP NEW 81211K100 397,512.50 7700 X 0 0 7
12,486,332.25 241866 X 0 0 241
----------------- -------------- ------------- ---------- ------
12,883,844.75 249566 0 0 249
SHERWIN WILLIAMS CO 824348106 375,043.38 18578 X 0 0 18
9,576,001.22 474353 X 0 0 474
----------------- -------------- ------------- ---------- ------
9,951,044.60 492931 0 0 492
SIGMA ALDRICH CORP 826552101 210,000.00 7000 X 0 0 7
SIGMA ALDRICH CORP 826552101 210,000.00 7000 X 0 0 7
42,000.00 1400 X 0 0 1
----------------- -------------- ------------- ---------- ------
252,000.00 8400 0 0 8
SKLAR CORP 8306299A1 0.00 10000 X 0 0 10
SOLUTIA INC 834376105 194,990.00 12580 X 0 0 12
SONAMED CORP 8354099C9 1,972,000.00 493000 X 0 0 493
SPECIALITY RETAIL GROUP INC 8475129A0 50,000.00 10000 X 0 0 10
SPRINT CORP FON GROUP 852061100 128,291,306.29 1909452 X 0 0 1909
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 175,001,055.50 3644703 1000 0 3643
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 32
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
14,643,381.31 217948 X 0 0 217
----------------- -------------- ------------- ---------- ------
142,934,687.60 2127400 0 0 2127
SPRINT CORP PCS SER 1 852061506 49,921,066.14 486738 X 1000 0 485
5,389,454.34 52548 X 0 0 52
----------------- -------------- ------------- ---------- ------
55,310,520.48 539286 1000 0 538
ST PAUL COS INC 792860108 718,638.75 21492 X 0 0 21
STAPLES INC 855030102 3,149,040.75 151761 X 2000 0 149
22,055,673.00 1062924 X 0 0 1062
----------------- -------------- ------------- ---------- ------
25,204,713.75 1214685 2000 0 1212
STATE STREET CORP 857477103 2,286,144.91 31157 X 0 0 31
40,259,101.50 548676 X 0 0 548
----------------- -------------- ------------- ---------- ------
42,545,246.41 579833 0 0 579
STRYKER CORP 863667101 630,562.50 9000 X 0 0 9
602,537.50 8600 X 0 0 8
----------------- -------------- ------------- ---------- ------
1,233,100.00 17600 0 0 17
SUMMIT BANCORP 866005101 94,743.78 3100 X 0 0 3
1,691,634.38 55350 X 0 0 55
----------------- -------------- ------------- ---------- ------
1,786,378.16 58450 0 0 58
SUN MICROSYSTEMS INC 866810104 1,584,427.40 20200 X 0 0 20
SUNTRUST BKS INC 867914103 440,524.51 6396 X 0 0 6
19,599,827.63 284571 X 0 0 284
----------------- -------------- ------------- ---------- ------
20,040,352.14 290967 0 0 290
SYSCO CORP 871829107 807,300.00 20700 X 700 0 20
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 163,874,058.40 2981161 3700 0 2977
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 33
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
4,162,548.00 106732 X 0 0 106
----------------- -------------- ------------- ---------- ------
4,969,848.00 127432 700 0 126
TECO ENERGY INC 872375100 27,094.00 1426 X 0 0 1
1,149,006.00 60474 X 0 0 60
----------------- -------------- ------------- ---------- ------
1,176,100.00 61900 0 0 61
TEKTRONIX INC 879131100 24,907.50 648 X 0 0
3,532,483.21 91902 X 0 0 91
----------------- -------------- ------------- ---------- ------
3,557,390.71 92550 0 0 92
TELEFONICA DE ESPANA S A ADR 879382208 484,245.00 6120 X 0 0 6
TELLABS INC 879664100 3,131,250.00 50000 X 0 0 50
TEMPLE INLAND INC 879868107 358,386.50 5578 X 0 0 5
TERADYNE INC 880770102 3,705,480.00 63072 X 0 0 63
TEXACO INC 881694103 147,886.88 2745 X 0 0 2
5,734,185.63 106435 X 0 0 106
----------------- -------------- ------------- ---------- ------
5,882,072.51 109180 0 0 109
TEXAS INSTRS INC 882508104 2,129,109.38 21425 X 1000 0 20
10,099,481.25 101630 X 0 0 101
----------------- -------------- ------------- ---------- ------
12,228,590.63 123055 1000 0 122
TEXAS UTILS CO 882848104 328,886.25 9380 X 0 0 9
THERMO ELECTRON CORP 883556102 67,404.69 4475 X 0 0 4
306,476.69 20347 X 0 0 20
----------------- -------------- ------------- ---------- ------
373,881.38 24822 0 0 24
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 35,388,830.98 652389 1000 0 651
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 34
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
THOMAS & BETTS CORP 884315102 15,812.50 500 X 0 0
189,750.00 6000 X 0 0 6
----------------- -------------- ------------- ---------- ------
205,562.50 6500 0 0 6
TIME WARNER INC 887315109 2,070,640.00 28960 X 1800 0 27
11,206,695.50 156737 X 0 0 156
----------------- -------------- ------------- ---------- ------
13,277,335.50 185697 1800 0 183
TIMES MIRROR CO NEW A 887364107 231,752.50 3485 X 0 0 3
1,044,183.00 15702 X 0 0 15
----------------- -------------- ------------- ---------- ------
1,275,935.50 19187 0 0 19
TRANSFUSION TECHNOLOGIES 893650994 151,200.00 16800 X 0 0 16
TRIBUNE CO 896047107 583,875.00 10800 X 2000 0 8
109,647,291.88 2028158 X 0 0 2028
----------------- -------------- ------------- ---------- ------
110,231,166.88 2038958 2000 0 2036
TRUSTCO BANK N Y 898349105 197,808.00 15216 X 0 0 15
TRW INC 872649108 970,985.25 18763 X 0 0 18
3,212,640.00 62080 X 0 0 62
----------------- -------------- ------------- ---------- ------
4,183,625.25 80843 0 0 80
TYCO INTL LTD NEW 902124106 1,675,591.75 44534 X 0 0 44
84,391,370.00 2242960 X 0 0 2242
----------------- -------------- ------------- ---------- ------
86,066,961.75 2287494 0 0 2287
U S WEST INC NEW 91273H101 8,773.44 125 X 0 0
532,372.20 7585 X 0 0 7
532,372.20 7585 X 0 0 7
----------------- -------------- ------------- ---------- ------
541,145.64 7710 0 0 7
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 216,130,741.02 4658405 3800 0 4654
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 35
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
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 40,909.38 950 X 0 0
698,818.26 16228 X 0 0 16
----------------- -------------- ------------- ---------- ------
739,727.64 17178 0 0 17
UNITED PARCEL SERVICE CLASS A 911308104 135,730.00 1960 X 0 0 1
134,786,676.50 1946378 X 0 0 1946
----------------- -------------- ------------- ---------- ------
134,922,406.50 1948338 0 0 1948
UNITED PARCEL SERVICE CLASS B 911312106 207,750.00 3000 X 0 0 3
554,000.00 8000 X 0 0 8
----------------- -------------- ------------- ---------- ------
761,750.00 11000 0 0 11
761,750.00 11000 0 0 11
UNITED TECHNOLOGIES CORP 913017109 2,673,691.89 41695 X 0 0 41
27,673,079.63 431549 X 0 0 431
----------------- -------------- ------------- ---------- ------
30,346,771.52 473244 0 0 473
UNOCAL CORP 915289102 347,592.51 10280 X 0 0 10
US BANCORP DEL 902973106 752,054.47 31749 X 0 0 31
3,949,559.02 166736 X 0 0 166
----------------- -------------- ------------- ---------- ------
4,701,613.49 198485 0 0 198
UST INC 902911106 602,371.88 23450 X 0 0 23
USX-MARATHON GROUP 902905827 872.81 35 X 0 0
851,815.13 34158 X 0 0 34
----------------- -------------- ------------- ---------- ------
852,687.94 34193 0 0 34
852,687.94 34193 0 0 34
VALSPAR CORP 920355104 406,999.13 9822 X 0 0 9
VARIAN INC 922206107 576,684.72 25560 X 0 0 25
VARIAN MEDICAL SYSTEMS INC 92220P105 1,640,868.75 56460 X 0 0 56
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 175,899,474.08 2808010 0 0 2808
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 36
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
VARIAN SEMICONDUCTOR EQUIPMENT 922207105 967,640.00 28460 X 0 0 28
ASSOC INC
VERITAS SOFTWARE CORP 923436109 4,106,250.00 30000 X 0 0 30
VERTEX PHARMACEUTICALS 92532F100 237,290.63 6903 X 0 0 6
9,851,875.03 286600 X 0 0 286
----------------- -------------- ------------- ---------- ------
10,089,165.66 293503 0 0 293
VERTICALNET INC 92532L107 217,700.00 1400 X 0 0 1
VICOR CORP 925815102 8,496,060.28 206120 X 0 0 206
VIEW TECH INC 926707100 87,153.98 32814 X 0 0 32
VULCAN MATERIALS CO 929160109 270,180.00 6840 X 0 0 6
18,723.00 474 X 0 0
----------------- -------------- ------------- ---------- ------
288,903.00 7314 0 0 7
VULCAN POWER CO CL A COMMON 929187995 0.00 206791 X 0 0 206
WACHOVIA CORP NEW 929771103 20,343.75 300 X 0 0
3,434,431.88 50646 X 0 0 50
----------------- -------------- ------------- ---------- ------
3,454,775.63 50946 0 0 50
WAL MART STORES INC 931142103 2,319,187.50 34200 X 0 0 34
WAL MART STORES INC 931142103 2,319,187.50 34200 X 0 0 34
6,517,595.02 96112 X 0 0 96
----------------- -------------- ------------- ---------- ------
8,836,782.52 130312 0 0 130
WALGREEN CO 931422109 760,650.00 26400 X 0 0 26
2,640,031.75 91628 X 0 0 91
----------------- -------------- ------------- ---------- ------
3,400,681.75 118028 0 0 118
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 39,945,112.82 1105688 0 0 1105
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 37
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
WARNER LAMBERT CO 934488107 318,016.13 3846 X 0 0 3
5,111,741.25 61820 X 0 0 61
----------------- -------------- ------------- ---------- ------
5,429,757.38 65666 0 0 65
WASHINGTON MUTUAL INC 939322103 106,459.38 4075 X 0 0 4
889,425.63 34045 X 0 0 34
----------------- -------------- ------------- ---------- ------
----------------- -------------- ------------- ---------- ------
995,885.01 38120 0 0 38
WASHINGTON POST CO CL B 939640108 349,496.00 632 X 0 0
14,469,245.00 26165 X 0 0 26
----------------- -------------- ------------- ---------- ------
14,818,741.00 26797 0 0 26
WATSON PHARMACEUTICALS INC 942683103 239,525.00 6700 X 0 0 6
WEBCREDIT INC. 9292999A5 471,480.00 157160 X 0 0 157
WELLS FARGO & CO 949746101 598,812.50 14740 X 0 0 14
417,381.27 10274 X 0 0 10
----------------- -------------- ------------- ---------- ------
1,016,193.77 25014 0 0 25
WEST PHARMACEUTICAL SERVICES 955306105 250,087.50 8100 X 0 0 8
INC
WESTERN PROPERTIES TRUST 959261108 188,750.00 20000 X 0 0 20
WEYERHAEUSER CO 962166104 7,093.75 100 X 0 0
1,798,265.64 25350 X 0 0 25
----------------- -------------- ------------- ---------- ------
1,805,359.39 25450 0 0 25
WHOLE FOODS MKT INC 966837106 36,500.00 800 X 0 0
349,487.50 7660 X 0 0 7
----------------- -------------- ------------- ---------- ------
385,987.50 8460 0 0 8
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 25,601,766.55 381467 0 0 381
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 38
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON (cont.)
--------------
WILEY JOHN & SONS INC 968223305 558,000.00 32000 X 0 0 32
WILEY JOHN & SONS INC A 968223206 831,000.00 48000 X 0 0 48
WILLIAMS COS INC 969457100 48,431.25 1575 X 0 0 1
WILLIAMS COS INC 969457100 48,431.25 1575 X 0 0 1
212,021.25 6895 X 0 0 6
----------------- -------------- ------------- ---------- ------
260,452.50 8470 0 0 8
WILMINGTON TR CORP 971807102 44,505.87 926 X 0 0
514,268.75 10700 X 0 0 10
----------------- -------------- ------------- ---------- ------
558,774.62 11626 0 0 11
WISCONSIN ENERGY CORP 976657106 66,901.88 3453 X 0 0 3
1,405,656.26 72550 X 0 0 72
----------------- -------------- ------------- ---------- ------
1,472,558.14 76003 0 0 76
WPS RES CORP 92931B106 422,100.00 16800 X 0 0 16
XEROX CORP 984121103 8,235.00 360 X 0 0
1,193,617.50 52180 X 0 0 52
----------------- -------------- ------------- ---------- ------
----------------- -------------- ------------- ---------- ------
1,201,852.50 52540 0 0 52
ZAPWORLD.COM 98912M102 150,000.00 12500 X 0 0 12
ZOLL MED CORP 989922109 297,237.50 7900 X 0 0 7
================= ============== ============= ========== ======
TOTALS FOR COMMON 3,885,333,116.03 65245061 43625 0 65201
================= ============== ============= ========== ======
GRAND TOTALS 3,885,333,116.03 65245061 43625 0 65201
PREFERRED
---------
ARGUS SOFTWARE PFD 0402769C3 9,600.00 8000 X 0 0 8
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 7,776,427,807.32 130763961 87250 0 130676
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 39
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PREFERRED (cont.)
- -----------------
903,000.00 752500 X 0 0 752
----------------- -------------- ------------- ---------- ------
----------------- -------------- ------------- ---------- ------
912,600.00 760500 0 0 760
BANKAMERICA CAPITAL $1.938 PFD 066046202 220,625.00 10000 X 0 0 10
BIZFON INC PFD Ser A 0910999A1 30,000.00 30000 X 0 0 30
484,000.00 484000 X 0 0 484
----------------- -------------- ------------- ---------- ------
514,000.00 514000 0 0 514
BIZFON INC PFD Ser B 0910999B9 1,710.00 900 X 0 0
470,058.10 247399 X 0 0 247
----------------- -------------- ------------- ---------- ------
471,768.10 248299 0 0 248
BIZFON INC. PFD Ser C 0910999C7 50,000.00 20000 X 0 0 20
95,000.00 38000 X 0 0 38
----------------- -------------- ------------- ---------- ------
145,000.00 58000 0 0 58
BIZFON INC PFD Ser D 0910999D5 218,799.60 729332 X 0 0 729
CABLESOFT CORP CV PFD Ser A 126910991 0.00 522840 X 0 0 522
CABLESOFT CORP CV PFD Ser B 126910983 0.00 25902 X 0 0 25
CABLESOFT CORP CV PFD Ser D 126910967 0.00 147719 X 0 0 147
CAIRNSTONE INC CV PFD Ser A 1277669D7 0.00 11111 X 0 0 11
CIPHERGEN BIOSYSTEMS INC PFD 172922916 120,000.00 60000 X 0 0 60
Ser D
CORPORATION FOR LASER OPTICS 2200359B7 10,000.00 2500 X 0 0 2
RESEARCH PFD Ser B
208,000.00 52000 X 0 0 52
----------------- -------------- ------------- ---------- ------
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 2,811,192.70 3134203 0 0 3134
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 40
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PREFERRED (cont.)
- -----------------
- -----------------
----------------- -------------- ------------- ---------- ------
218,000.00 54500 0 0 54
DELPHI FORUMS INC CV PFD Ser B 2471539B7 454,005.00 605340 X 32000 0 573
EDUCATION PARTNERS L P CV PFD 2813909A4 0.00 15700 X 0 0 15
Ser C
EMPOWER PFD Ser B 2921999B4 220,500.00 63000 X 0 0 63
EMPOWER PFD Ser D 2921999D0 587,832.00 146958 X 0 0 146
FAXNET CORPORATION PFD Ser D 3121019D2 808,000.00 808 X 0 0
FAXNET CV PFD Ser B 3121019A8 25,000.00 25 X 0 0
635,000.00 635 X 0 0
----------------- -------------- ------------- ---------- ------
660,000.00 660 0 0
660,000.00 660 0 0
GENERAL ORTHOPEDICS CV PFD Ser 371990979 0.00 42500 X 0 0 42
C
GENERAL ORTHOPEDICS CV PFD Ser 371990953 0.00 42875 X 0 0 42
E
GENERAL ORTHOPEDICS CV PFD Ser 371990920 0.00 61600 X 0 0 61
F
0.00 34000 X 0 0 34
----------------- -------------- ------------- ---------- ------
0.00 95600 0 0 95
GENERAL ORTHOPEDICS PFD Ser D 371990961 0.00 78000 X 0 0 78
0.00 40000 X 0 0 40
----------------- -------------- ------------- ---------- ------
0.00 118000 0 0 118
GLOBALSTAR TELECOMM LTD $4.000 379364508 19,837.50 300 X 0 0
GLOBALSTAR TELECOMM LTD $4.000 379364508 19,837.50 300 X 0 0
PFD
694,312.50 10500 X 0 0 10
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 3,444,487.00 1142241 32000 0 1110
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 41
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PREFERRED (cont.)
- -----------------
----------------- -------------- ------------- ---------- ------
714,150.00 10800 0 0 10
IBM CORP DEP SH REP 1/4 $1.875 459200309 25,500.00 1000 X 0 0 1
PFD Ser A
609,450.00 23900 X 0 0 23
----------------- -------------- ------------- ---------- ------
634,950.00 24900 0 0 24
INTERNET COMMERCE SVCS CO CV 4605679A0 720,000.00 720000 X 0 0 720
PFD Ser A
MARATHON TECHNOLOGIES CORP CV 565915998 605,000.00 121000 X 0 0 121
PFD Ser A
MARATHON TECHNOLOGIES CORP CV 565915980 70,000.00 8750 X 0 0 8
PFD Ser B
910,000.00 113750 X 0 0 113
----------------- -------------- ------------- ---------- ------
980,000.00 122500 0 0 122
MARATHON TECHNOLOGIES CORP CV 5659159A5 542,364.00 45197 X 0 0 45
PFD Ser D
MEDIA ONE GROUP 7% PREM INC 58440J500 338,625.00 7000 X 0 0 7
EXCHAN SEC $3.500 PFD
653,062.50 13500 X 0 0 13
----------------- -------------- ------------- ---------- ------
991,687.50 20500 0 0 20
MOTOROLA 6.68% CAPITAL TR PFD 620074203 97,812.50 5000 X 2000 0 3
252,356.25 12900 X 0 0 12
----------------- -------------- ------------- ---------- ------
350,168.75 17900 2000 0 15
350,168.75 17900 2000 0 15
NETWORKS ON-LINE INC CV PFD 641218912 0.00 6376 X 0 0 6
Ser B
0.00 48624 X 0 0 48
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 4,824,170.25 1126997 2000 0 1124
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 42
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
HOLDING COMPANY: (2) WELCH AND FORBES (Cont.)
INVEST
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>
PREFERRED (cont.)
- -----------------
----------------- -------------- ------------- ---------- ------
0.00 55000 0 0 55
NOBLENET INC PFD Ser A 6550989A1 300,000.00 240000 X 0 0 240
PACIFIC TELESIS FING II $2.125 694889205 49,000.00 2000 X 0 0 2
PFD
352,800.00 14400 X 0 0 14
----------------- -------------- ------------- ---------- ------
401,800.00 16400 0 0 16
PRIZMA INC CONV PFD Ser B 7418099B5 102,000.00 34000 X 0 0 34
PRIZMA INC CONV PFD Ser B 7418099B5 102,000.00 34000 X 0 0 34
QUICKBUY INC CV PFD Ser B 7484499A5 776,925.00 103590 X 0 0 103
RELIASTAR FING II $2.025 PFD 75952F205 41,750.00 2000 X 0 0 2
688,875.00 33000 X 0 0 33
----------------- -------------- ------------- ---------- ------
730,625.00 35000 0 0 35
ROVING SOFTWARE INC CONV PFD 77938R9A5 10,010.00 9100 X 0 0 9
Ser A
189,970.00 172700 X 0 0 172
----------------- -------------- ------------- ---------- ------
199,980.00 181800 0 0 181
RSP FINE CHEMICALS INC CV PFD 7496999A4 50,000.00 10000 X 0 0 10
Ser A
SEALED AIR CORP CV $2.000 PFD 81211K209 19,900.00 400 X 0 0
686,550.00 13800 X 0 0 13
686,550.00 13800 X 0 0 13
----------------- -------------- ------------- ---------- ------
706,450.00 14200 0 0 14
SONAMED CORP PFD Ser A 8354099H8 28,768.00 4495 X 0 0 4
499,168.00 77995 X 0 0 77
----------------- -------------- ------------- ---------- ------
527,936.00 82490 0 0 82
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 3,795,716.00 717480 0 0 717
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 43
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PREFERRED (cont.)
- -----------------
SPECTRA SCIENCE CORP CONV PFD 847619996 104,917.50 46630 X 0 0 46
Ser A
867,667.50 385630 X 0 0 385
----------------- -------------- ------------- ---------- ------
972,585.00 432260 0 0 432
SURGICAL SEALANTS INC CV PFD 8688889A8 275,025.00 7334 X 0 0 7
Ser A
SURGICAL SEALANTS INC CV PFD 8688889B6 480,000.00 7680 X 0 0 7
Ser B
TRANSFUSION TECHNOLOGIES PFD 893658971 128,272.50 11402 X 0 0 11
Ser E
TURNSTONE PUBLISHING GROUP INC 8998994A3 200,001.88 3299 X 0 0 3
CONV PFD Ser A
UNIVERSAL LEARNING TECH INC CV 9134569A9 174,948.00 117120 X 0 0 117
PFD Ser B
UNIVERSAL LEARNING TECH INC CV 9134569C5 119,695.30 30770 X 0 0 30
PFD Ser C
1,042,971.24 268116 X 0 0 268
----------------- -------------- ------------- ---------- ------
1,162,666.54 298886 0 0 298
VIRTUAL INK PFD Ser C 928257A95 79,533.60 24000 X 0 0 24
VIRTUAL INK PFD Ser C 928257A95 79,533.60 24000 X 0 0 24
823,504.15 248500 X 0 0 248
----------------- -------------- ------------- ---------- ------
903,037.75 272500 0 0 272
WEB CT INC PFD Ser E 929920908 107,800.00 20000 X 0 0 20
185,955.00 34500 X 0 0 34
----------------- -------------- ------------- ---------- ------
293,755.00 54500 0 0 54
----------------- -------------- ------------- ---------- ------
SUBTOTALS FOR THIS PAGE 4,590,291.67 1204981 0 0 1204
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 44
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
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
- ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PREFERRED (cont.)
- -----------------
================= ============== ============= ========== ======
TOTALS FOR PREFERRED 19,475,457.62 7333902 34000 0 7299
================= ============== ============= ========== ======
GRAND TOTALS 19,475,457.62 7333902 34000 0 7299
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT RUN: 12/31/1999 at 08:07 AM EQUITIES DISCLOSURE (13-F) PAGE 45
BUSINESS DATE: 12/31/1999 R33.002.001
As of 12/31/1999
Produced on trust2*WELCHDB
The parameters used in producing report R33.002.001 were:
<S> <C>
ASOF## = 12/31/1999
BK_LIST## = 2
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>
* greater than
|
|