<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 1999
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Check here if Amendment [ ]: Amendment Number:
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This Amendment (Check only one): [ ] is a restatement.
[ ] adds new holdings
entries.
Institutional Investment Manager Filing this Report:
Name: Laurel Trust Company
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Address: 551 Main Street
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Johnstown, PA 15901
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Form 13F File Number: 28-07668
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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, PA 8/16/99
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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 Managers: 1
Form 13F Information Table Entry Total: 74
Form 13F Information Table Value Total: $129,606 (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>
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8
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Invest-
ment Other
Title of CUSIP Value Discre- Man-
Name of Issuer Class Number (x$1000) tion agers Voting Authority
--------------------------- -----------------------------
Shares of SH/PRN
Principal PUT/
Amount CALL Sole Shared None
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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AT&T Corporation Strategy Common 00195710P 376 6,747 SH SOLE 1 6,242 0 505
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Abbott Laboratories Common 002824100 3,123 68,841 SH SOLE 1 66,110 717 2,014
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Allied Signal Corporation Common 019512102 991 15,746 SH SOLE 1 15,246 0 500
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America Online Inc. Common 02364J104 403 3,670 SH SOLE 1 3,570 0 100
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American General Corp. Common 026351106 274 3,648 SH SOLE 1 3,648 0 0
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American Home Products Common 026609107 229 4,000 SH SOLE 1 2,000 0 2,000
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American International Common 026874107 3,013 25,706 SH SOLE 1 24,698 305 703
Group, Inc.
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Ameritech Corporation Common 030954101 298 4,067 SH SOLE 1 4,067 0 0
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Amgen Common 031162100 2,513 41,298 SH SOLE 1 39,798 200 1,300
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Ascend Communications, Inc. Common 043491109 2,383 22,619 SH SOLE 1 21,748 84 787
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Automatic Data Processing Common 053015103 3,293 74,854 SH SOLE 1 72,318 840 1,696
Inc.
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BT Financial Corporation Common 055763106 3,545 144,547 SH SOLE 1 103,428 0 41,119
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BT Financial Corporation Common 055763106 535 21,834 SH DEFINED 4,834 0 17,000
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Bankamerica Corp. Common 060505104 261 3,565 SH SOLE 1 3,565 0 0
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Bell Atlantic Corp. Common 077853109 842 12,894 SH SOLE 1 12,418 0 476
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PAGE 1 TOTAL 22,079
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</TABLE>
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<TABLE>
<CAPTION>
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8
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Invest-
ment Other
Title of CUSIP Value Discre- Man-
Name of Issuer Class Number (x$1000) tion agers Voting Authority
--------------------------- -----------------------------
Shares of SH/PRN
Principal PUT/
Amount CALL Sole Shared None
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CBS Corporation Common 12490K107 3,464 79,531 SH SOLE 1 76,715 925 1,891
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Cardinal Health Inc. Common 14149Y108 3,151 49,154 SH SOLE 1 47,968 547 639
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Caterpillar, Inc. Strategy Common 14912310P 1,115 18,590 SH SOLE 1 17,764 199 627
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Chevron Corporation Common 16675110P 1,534 16,146 SH SOLE 1 15,564 185 397
Strategy
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Cisco Systems Common 17275R102 5,055 78,463 SH SOLE 1 76,203 744 1,516
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Citigroup Inc. Common 172967101 3,896 82,035 SH SOLE 1 77,142 951 3,942
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The Coca Cola Company Common 191216100 452 7,300 SH SOLE 1 7,300 0 0
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Computer Assoc Intl Inc. Common 204912109 816 14,905 SH SOLE 1 12,880 0 2,025
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Dell Computer Corporation Common 247025109 247 6,700 SH SOLE 1 6,500 0 200
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Delphi Automotive Systems Common 247126105 246 13,342 SH SOLE 1 12,896 115 331
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Dupont E I DeNemours Common 26353410P 2,006 29,371 SH SOLE 1 28,529 286 556
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EMC Corporation Common 268648102 3,555 64,650 SH SOLE 1 62,550 600 1,500
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Eastman Kodak Company Common 27746110P 983 14,521 SH SOLE 1 13,959 156 406
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Eastman Kodak Co. Common 277461109 308 4,547 SH SOLE 1 35 0 4,512
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Exxon Corporation Common 30229010P 2,575 33,392 SH SOLE 32,654 262 476
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PAGE 2 TOTAL 29,403
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</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8
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Invest-
ment Other
Title of CUSIP Value Discre- Man-
Name of Issuer Class Number (x$1000) tion agers Voting Authority
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Shares of SH/PRN
Principal PUT/
Amount CALL Sole Shared None
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Federal Home Loan Mortgage Common 313400301 2,458 42,386 SH SOLE 1 40,666 622 1,098
Corporation
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Federal National Mortgage Common 313586109 245 3,600 SH SOLE 1 3,400 0 200
Association
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First Comwlth Finl Corp PA Common 319829107 312 13,083 SH SOLE 1 3,698 0 9,385
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GTE Corporation Common 362320103 653 8,655 SH SOLE 1 6,105 0 2,550
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General Electric Company Common 369604103 3,629 32,119 SH SOLE 1 30,873 530 716
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General Motors Corporation Common 37044210P 1,082 16,405 SH SOLE 1 15,761 165 479
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Gillette Company Common 375766102 1,536 37,481 SH SOLE 1 36,012 490 979
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Goodyear Tire and Rubber Common 38255010P 1,049 17,848 SH SOLE 1 17,089 181 578
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Huntington Bancshares, Inc. Common 446150104 11,077 316,513 SH SOLE 1 278,502 0 38,011
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Illinois Tool Wks Inc. Common 452308109 1,779 21,770 SH SOLE 1 21,560 110 100
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Intel Corporation Common 458140100 943 15,855 SH SOLE 1 15,405 52 398
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International Business Common 459200101 6,200 47,970 SH SOLE 1 45,728 608 1,634
Machines
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Johnson & Johnson Common 478160104 435 4,445 SH SOLE 1 3,845 0 600
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Level One Communications, Common 527295109 2,493 50,973 SH SOLE 1 49,486 448 1,039
Inc.
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PAGE 3 TOTAL 33,891
</TABLE>
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<TABLE>
<CAPTION>
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8
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Invest-
ment Other
Title of CUSIP Value Discre- Man-
Name of Issuer Class Number (x$1000) tion agers Voting Authority
--------------------------- -----------------------------
Shares of SH/PRN
Principal PUT/
Amount CALL Sole Shared None
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Lucent Technologies Common 549463107 446 6,625 SH SOLE 1 6,625 0 0
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MBNA Corporation Common 55262L100 3,111 101,614 SH SOLE 1 97,512 1,232 2,870
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MCI Worldcom, Inc. Common 55268B106 230 2,681 SH SOLE 1 2,681 0 0
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McDonalds Corp Common 580135101 1,204 29,304 SH SOLE 1 28,504 0 800
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Medtronic, Inc. Common 585055106 3,062 39,328 SH SOLE 1 36,895 483 1,950
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Merck & Co Inc. Common 589331107 552 7,500 SH SOLE 1 7,500 0 0
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Merrill Lynch & Co. Common 590188108 3,046 38,322 SH SOLE 1 37,105 482 735
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Microsoft Corporation Common 594918104 4,527 50,203 SH SOLE 1 48,472 487 1,244
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Minnesota Mining and Mfg Co Common 60405910P 1,252 14,407 SH SOLE 1 13,860 151 396
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Morgan JP & Company Common 61688010P 1,501 10,686 SH SOLE 1 10,280 138 268
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Mylan Laboratories Common 628530107 220 8,325 SH SOLE 1 8,250 0 75
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National City Corp. Common 635405103 216 3,308 SH SOLE 1 3,308 0 0
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Northern Trust Corporation Common 665859104 2,963 30,551 SH SOLE 1 29,687 331 533
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PAGE 4 TOTAL 22,330 1
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</TABLE>
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<TABLE>
<CAPTION>
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8
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Invest-
ment Other
Title of CUSIP Value Discre- Man-
Name of Issuer Class Number (x$1000) tion agers Voting Authority
--------------------------- -----------------------------
Shares of SH/PRN
Principal PUT/
Amount CALL Sole Shared None
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PNC Bank Corp. Common 693475105 220 3,830 SH SOLE 1 3,330 0 500
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Peoples Heritage Financial Common 711147108 242 12,892 SH SOLE 1 12,892 0 0
Group Inc.
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Pepsico Inc. Common 713448108 603 15,590 SH SOLE 1 5,590 0 10,000
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Phillip Morris Company Common 71815410P 1,518 37,785 SH SOLE 1 37,262 48 475
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Procter & Gamble Co. Common 742718109 1,321 14,809 SH SOLE 1 14,376 152 281
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Rambus Incorporated Common 750917106 470 5,100 SH SOLE 1 5,100 0 0
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S & T Bancorp, Inc. Common 783859101 303 12,032 SH SOLE 1 12,032 0 0
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Safeway, Inc. Common 786514208 2,516 50,843 SH SOLE 1 48,767 589 1,487
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Schering Plough Corp. Common 806605101 3,022 57,576 SH SOLE 1 55,487 616 1,473
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Charles Schwab Corp. Common 808513105 1,863 17,100 SH SOLE 1 16,600 100 400
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US Bancorp, Del Common 902973106 901 27,022 SH SOLE 1 20,157 0 6,865
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PAGE 5 TOTAL 12,979
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</TABLE>
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<TABLE>
<CAPTION>
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8
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Invest-
ment Other
Title of CUSIP Value Discre- Man-
Name of Issuer Class Number (x$1000) tion agers Voting Authority
--------------------------- -----------------------------
Shares of SH/PRN
Principal PUT/
Amount CALL Sole Shared None
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
USABankcorp Inc PA Common 917292104 1,967 124,911 SH SOLE 1 103,975 0 20,936
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Wal-Mart Stores, Inc. Common 931142103 1,700 35,255 SH SOLE 1 33,876 586 793
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Xerox Corporation Common 984121103 2,725 46,152 SH SOLE 1 44,322 519 1,311
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Royal Bank Scotland Group Preferred 780097879 2,337 100,000 SH SOLE 1 100,000 0 0
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Putnam Premier Income Mutual 746853100 108 14,000 SH SOLE 1 14,000 0 0
Trust Sh Ben Int Funds-
Fixed
Income
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MFS Inter Income Trust Sh Mutual 55273C107 87 13,615 SH SOLE 1 13,615 0 0
Ben Int Funds-
Fixed
Income
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PAGE 6 TOTAL 8,924
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GRAND TOTAL 129,606
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</TABLE>
