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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13 F COVER PAGE
Report for the Calendar Year or Quarter Ended September 30, 1999.
Check here if Amendment [ ]: Amendment Number: ______________
This Amendment (Check one only):
[ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Laurel Trust Company
Address: 551 Main Street
Johnstown, PA 15901
Form 13F File Number: 28-07668
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete and that it is understood that all required items, statements,
schedules, lists and tables are considered integral parts of this form.
Signature, Place, and Date of Signing:
/s/ Kim Craig Johnstown, Pennsylvania 11/12/99
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[Signature] [City, State] [Date]
Report Type (Check only one):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and
all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Mangers: 1
Form 13F Information Table Entry Total: 79
Form 13F Information Table Value Total: $128,924 (thousands)
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List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report. [If there are no entries in this
list, state "NONE" and omit the column headings and list entries.]
Number 1
Form 13F File Number 28-07666
Name BT Financial Corporation
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FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
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Column 1: Column 2: Column 3: Column 4: Column 5: Column 6: Column 7: Column 8:
Name of Issuer Title of CUSIP Value Investment Other Voting Authority
Class Number (x$1000) Discretion Managers
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Shares of SH/PRN PUT/
Principal CALL Sole Shared None
Amount
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AT&T Corporation Strategy Common 00195710P 293 6,747 SH DEFINED 1 6,242 0 505
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Abbott Laboratories Common 002824100 2,742 74,778 SH DEFINED 1 72,047 717 2,014
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Allied Signal Corporation Common 019512102 898 14,996 SH DEFINED 1 14,496 0 500
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America Online Inc. Common 02364J104 798 7,670 SH DEFINED 1 7,373 0 300
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American General Corp. Common 026351106 230 3,648 SH DEFINED 1 3,648 0 0
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American Home Products Common 026609107 285 6,889 SH DEFINED 1 4,889 0 2,000
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American International
Group, Inc. Common 026874107 2,830 32,567 SH DEFINED 1 31,309 381 877
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Ameritech Corporation Common 030954101 261 3,917 SH DEFINED 1 3,917 0 0
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Amgen Common 031162100 3,300 40,498 SH DEFINED 1 38,998 200 1,300
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Automatic Data Processing
Inc. Common 053015103 3,376 75,668 SH DEFINED 1 73,032 840 1,796
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BT Financial Corporation Common 055763106 3,480 144,310 SH DEFINED 1 104,573 0 39,737
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BT Financial Corporation Common 055763106 574 23,821 SH OTHER 1 6,364 0 17,457
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Bell Atlantic Corp. Common 077853109 867 12,894 SH DEFINED 1 12,418 0 476
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PAGE 1 TOTAL 19,934
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</TABLE>
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<TABLE>
<CAPTION>
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Column 1: Column 2: Column 3: Column 4: Column 5: Column 6: Column 7: Column 8:
Name of Issuer Title of CUSIP Value Investment Other Voting Authority
Class Number (x$1000) Discretion Managers
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Shares of SH/PRN PUT/
Principal CALL Sole Shared None
Amount
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CBS Corporation Common 12490K107 3,696 79,933 SH DEFINED 1 77,117 925 1,891
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Cardinal Health Inc. Common 14149Y108 2,543 46,675 SH DEFINED 1 45,946 547 182
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Caterpillar, Inc. Strategy Common 14912310P 1,015 18,537 SH DEFINED 1 17,629 199 709
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Chevron Corporation
Strategy Common 16675110P 1,423 16,045 SH DEFINED 1 15,463 185 397
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Cisco Systems Common 17275R102 5,449 79,493 SH DEFINED 1 77,133 744 1,616
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Citigroup Inc. Common 172967101 3,652 83,004 SH DEFINED 1 78,111 951 3,942
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The Coca Cola Company Common 191216100 306 6,350 SH DEFINED 1 6,350 0 0
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Computer Assoc Intl Inc. Common 204912109 910 14,905 SH DEFINED 1 12,880 0 2,025
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Dell Computer Corporation Common 247025109 1,481 35,443 SH DEFINED 1 33,923 400 1,120
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Delphi Automotive Systems Common 247126105 183 11,447 SH DEFINED 1 11,001 115 331
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Dupont E I DeNemours Common 26353410P 1,900 31,419 SH DEFINED 1 30,532 244 643
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EMC Corporation Common 268648102 4,635 64,950 SH DEFINED 1 62,550 600 1,800
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Eastman Kodak Company Common 27746110P 1,091 14,431 SH DEFINED 1 13,869 156 406
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Eastman Kodak Co. Common 277461109 344 4,561 SH DEFINED 1 49 0 4,512
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Exxon Corporation Common 30229010P 2,516 33,114 SH DEFINED 1 32,376 262 476
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Exxon Corporation Common 302290101 224 2,953 SH DEFINED 1 2,913 0 40
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PAGE 2 TOTAL 31,368
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</TABLE>
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<TABLE>
<CAPTION>
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Column 1: Column 2: Column 3: Column 4: Column 5: Column 6: Column 7: Column 8:
Name of Issuer Title of CUSIP Value Investment Other Voting Authority
Class Number (x$1000) Discretion Managers
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Shares of SH/PRN PUT/
Principal CALL Sole Shared None
Amount
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Federal Home Loan Mortgage
Corporation Common 313400301 2,202 42,355 SH DEFINED 1 40,635 622 1,098
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Federal National Mortgage
Association Common 313586109 307 4,900 SH DEFINED 1 4,700 0 200
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First Comwlth Finl Corp PA Common 319829107 333 13,083 SH DEFINED 1 3,698 0 9,385
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GTE Corporation Common 362320103 704 9,169 SH DEFINED 1 6,619 0 2,550
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General Electric Company Common 369604103 4,009 33,821 SH DEFINED 1 32,575 530 716
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General Motors Corporation Common 37044210P 1,024 16,276 SH DEFINED 1 15,632 165 479
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Gillette Company Common 375766102 1,336 39,394 SH DEFINED 1 37,925 490 979
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Goodyear Tire and Rubber Common 38255010P 853 17,742 SH DEFINED 1 16,983 181 578
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Huntington Bancshares, Inc. Common 446150104 9,518 358,387 SH DEFINED 1 316,825 0 41,562
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Illinois Tool Wks Inc. Common 452308109 1,615 21,670 SH DEFINED 1 21,460 110 100
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Intel Corporation Common 458140100 4,524 60,888 SH DEFINED 1 59,163 437 1,288
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Intel Corporation Common 458140100 225 3,039 SH OTHER 1 527 0 2,512
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International Business
Machines Common 459200101 5,892 48,702 SH DEFINED 1 46,460 608 1,634
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Johnson & Johnson Common 478160104 555 6,045 SH DEFINED 1 5,445 0 600
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PAGE 3 TOTAL 33,097
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</TABLE>
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<TABLE>
<CAPTION>
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Column 1: Column 2: Column 3: Column 4: Column 5: Column 6: Column 7: Column 8:
Name of Issuer Title of CUSIP Value Investment Other Voting Authority
Class Number (x$1000) Discretion Managers
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Shares of SH/PRN PUT/
Principal CALL Sole Shared None
Amount
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Lucent Technologies Common 549463107 3,031 46,736 SH DEFINED 1 45,302 138 1,296
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Lucent Technologies Common 549463107 244 3,764 SH OTHER 1 843 0 2,921
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MBNA Corporation Common 55262L100 2,355 103,276 SH DEFINED 1 99,174 1,232 2,870
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MCI Worldcom, Inc. Common 55268B106 207 2,881 SH DEFINED 1 2,881 0 0
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McDonalds Corp Common 580135101 1,293 29,904 SH DEFINED 1 29,104 0 800
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Medtronic, Inc. Common 585055106 2,842 79,942 SH DEFINED 1 75,076 966 3,900
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Merck & Co Inc. Common 589331107 661 10,200 SH DEFINED 1 10,200 0 0
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Merrill Lynch & Co. Common 590188108 2,622 38,934 SH DEFINED 1 37,517 482 935
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Microsoft Corporation Common 594918104 4,874 53,828 SH DEFINED 1 52,097 487 1,244
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Minnesota Mining and Mfg Co Common 60405910P 1,372 14,286 SH DEFINED 1 13,739 151 396
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Mobile Corp. Common 607059102 272 2,700 SH DEFINED 1 2,700 0 0
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Morgan JP & Company Common 61688010P 1,212 10,610 SH DEFINED 1 10,204 138 268
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National City Corp. Common 635405103 229 8,600 SH DEFINED 1 8,600 0 0
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Northern Trust Corporation Common 665859104 2,599 31,127 SH DEFINED 1 30,063 331 733
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PAGE 4 TOTAL 23,813
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</TABLE>
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<TABLE>
<CAPTION>
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Column 1: Column 2: Column 3: Column 4: Column 5: Column 6: Column 7: Column 8:
Name of Issuer Title of CUSIP Value Investment Other Voting Authority
Class Number (x$1000) Discretion Managers
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Shares of SH/PRN PUT/
Principal CALL Sole Shared None
Amount
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PNC Bank Corp. Common 693475105 201 3,830 SH DEFINED 1 3,330 0 500
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Peoples Heritage Financial
Group Inc. Common 711147108 214 12,892 SH DEFINED 1 12,892 0 0
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Pepsico Inc. Common 713448108 524 17,190 SH DEFINED 1 7,190 0 10,000
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Phillip Morris Company Common 71815410P 1,275 37,325 SH DEFINED 1 36,802 48 475
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Proctor & Gamble Co. Common 742718109 1,672 17,840 SH DEFINED 1 17,407 152 281
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Rambus Incorporated Common 750917106 397 6,000 SH DEFINED 1 6,000 0 0
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Royal Dutch Petroleum
Company Common 780257804 265 4,500 SH DEFINED 1 4,500 0 0
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S & T Bancorp, Inc. Common 783859101 273 12,032 SH DEFINED 1 12,032 0 0
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SBC Communications Inc. Common 78387G103 246 4,821 SH DEFINED 1 4,821 0 0
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Safeway, Inc. Common 786514208 1,972 51,839 SH DEFINED 1 49,763 589 1,487
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Schering Plough Corp. Common 806605101 2,582 59,209 SH DEFINED 1 57,120 616 1,473
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Charles Schwab Corp. Common 808513105 1,129 33,800 SH DEFINED 1 32,500 200 1,100
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Susquehanna Banchares, Inc. Common 869099101 862 50,000 SH DEFINED 1 50,000 0 0
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Tyco Intl Ltd. Common 902124106 360 3,490 SH DEFINED 1 3,490 0 0
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US Bancorp, Del Common 902973106 755 25,047 SH DEFINED 1 19,677 0 5,370
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PAGE 5 TOTAL 12,727
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</TABLE>
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<TABLE>
<CAPTION>
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Column 1: Column 2: Column 3: Column 4: Column 5: Column 6: Column 7: Column 8:
Name of Issuer Title of CUSIP Value Investment Other Voting Authority
Class Number (x$1000) Discretion Managers
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Shares of SH/PRN PUT/
Principal CALL Sole Shared None
Amount
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
USABankcorp Inc PA Common 917292104 1,661 123,087 SH DEFINED 1 102,151 0 20,936
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Wal-Mart Stores, Inc. Common 931142103 1,726 36,299 SH DEFINED 1 34,920 586 793
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Warner Lambert Company Common 934488107 285 4,300 SH DEFINED 1 4,300 0 0
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Xerox Corporation Common 984121103 1,975 47,117 SH DEFINED 1 45,287 519 1,311
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MFS Inter Income Trust Sh Mutual 55273C107 86 13,615 SH DEFINED 1 13,615 0 0
Ben Int Funds-Fixed
Income
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Putnam Premier Income Mutual 746853100 96 14,000 SH DEFINED 1 14,000 0 0
Trust Sh Ben Int Funds-Fixed
Income
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Royal Bank Scotland Group Preferred 780097879 2,156 100,000 SH DEFINED 1 100,000 0 0
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PAGE 6 TOTAL 7,985
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GRAND TOTAL 128,924
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</TABLE>
