UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
REPORT FOR THE CALENDER YEAR OR QUARTER ENDED: MARCH 31, 1999
CHECK HERE IF ADMENDMENT []; ADMENDMENT NUMBER:
THIS ADMENDMENT (CHECK ONLY ONE ) [] IS A RESTATEMENT.
[] ADDS NEW HOLDING ENTRIES.
INSTITUTIONAL INVESTMENT MANAGER FILING THIS REPORT:
NAME: NIAGARA INVESTMENT ADVISORS INC /NY
ADDRESS: 3FOUNTAIN PLAZA
SUITE 100
BUFFALO, NEW YORK 14203
13F FILE NUMBER:
THE INSTITUTIONAL INVESTMENT MANAGER FILING THIS REPORT AND THE PERSON BY
WHOM IT IS SIGNED HERBY REPRESENT THAT THE PERSONSIGNING 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, SCHEDUELS, LISTS AND TABLES ARE CONSIDERED INTERGRAL PARTS OF THIS
FORM.
PERSON SIGNING THIS REPORT ON BEHALF OF REPORTING MANAGER:
NAME: D. STEINWACHS
PHONE: 716.853.3000
SIGNATURE, PLACE, AND DATE OF SIGNING:
D.STEINWACHS BUFFALO, NEW YORK MAY 14, 1999
REPORT TYPE (CHECK ONLY ONE):
[X] 13F HOLDINGS REPORT
LIST OF OTHER MANAGERS REPORTING FOR THIS MANAGER:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
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NIAGARA INVESTMENT ADVISORS INC /NY
FORM 13F SUMMARY PAGE
AS OF DATE: 03/31/99
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 76
"FORM 13F INFORMATION TABLE VALUE TOTAL: $123,998,000 "
LIST OF OTHER INCLUDED MANAGERS:
NO. 13F FILE NUMBER NAME
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NIAGARA INVESTMENT ADVISORS INC /NY PAGE1
FORM 13F INFORMATION TABLE
AS OF DATE: 03/31/99
TITLE VALUE SH/
OF X PRN SH/ INVSTMT VOTING AUTH.
NAME OF ISSUER CLASS CUSIP $1K AMT PRN DSCRETN SOLE SHARED NONE
- ------------------------ --- --------- ---- ----- -- ------- ----- ----
A T & T CORP. COM 001957109 1761 33094 SH DEFINED 32440 654 0
ABBOTT LABS COM 002824100 793 16950 SH DEFINED 16475 475 0
AMERICA ONLINE INC COM 02364J104 4043 27500 SH DEFINED 26900 600 0
AMERICAN EXPRESS CO COM 025816109 542 4600 SH SOLE 4600 0 0
AMERICAN HOME PRODS CORP COM 026609107 1196 18325 SH DEFINED 16975 1350 0
AMERICAN INTL GROUP INC COM 026874107 3169 26273 SH DEFINED 26048 225 0
AMGEN INC COM 031162100 2052 27400 SH SOLE 27400 0 0
AMR CORP DEL COM 001765106 1602 27350 SH DEFINED 27150 200 0
AMSOUTH BANCORPORATION COM 032165102 353 7759 SH DEFINED 5973 1786 0
ATLANTIC RICHFIELD CO. COM 048825103 969 13255 SH DEFINED 12130 1125 0
AUTOMATIC DATA PROCESSING COM 053015103 308 7450 SH SOLE 7450 0 0
BANK ONE CORP COM 06423A103 1649 29950 SH DEFINED 29700 250 0
BANKAMERICA CORP NEW COM 06605F102 348 4925 SH DEFINED 4700 225 0
BELLSOUTH CORP COM 079860102 808 20165 SH DEFINED 18590 1575 0
BESTFOODS COM 08658U101 1097 23350 SH DEFINED 23150 200 0
BRISTOL MYERS SQUIBB COM 110122108 2052 32000 SH DEFINED 31600 400 0
BRISTOL MYERS SQUIBB COM 110122108 262 4080 SH OTHER 0 0 4080
CABLEVISION SYS CORP COM 12686C109 208 2800 SH SOLE 2800 0 0
CBS CORPORATION COM 12490K107 1351 33100 SH DEFINED 30475 2625 0
CHASE MANHATTAN CORP. COM 16161A108 1399 17191 SH DEFINED 15725 1466 0
CISCO SYSTEMS COM 17275R102 5090 46453 SH DEFINED 45153 1300 0
CITIGROUP INC. COM 172967101 1349 21122 SH DEFINED 18897 2225 0
COCA COLA CO COM 191216100 994 16200 SH DEFINED 16000 200 0
COPYTELE INC COM 217721109 16 10000 SH SOLE 10000 0 0
CORNING INC COM 219350105 1075 17923 SH DEFINED 16498 1425 0
DANAHER CORP COM 235851102 2323 44450 SH SOLE 44450 0 0
DELL COMPUTER CORP COM 247025109 3617 88490 SH DEFINED 84840 3650 0
DILLARDS INC COM 254067101 764 30125 SH DEFINED 27625 2500 0
DISNEY CO. COM 254687106 2461 79075 SH DEFINED 78050 1025 0
DU PONT (EI) DE NEMOURS COM 263534109 523 9000 SH DEFINED 7575 1425 0
FIRST TENN NATL CORP COM 337162101 776 21175 SH DEFINED 19125 2050 0
FIRST UN CORP COM 337358105 936 17525 SH DEFINED 16325 1200 0
FLEET FINANCIAL GROUP COM 338915101 3031 80552 SH DEFINED 78402 2150 0
GENERAL ELECTRIC COM 369604103 4781 43220 SH DEFINED 42295 925 0
GENERAL ELECTRIC COM 369604103 337 3050 SH OTHER 0 0 3050
GILLETTE CO COM 375766102 2752 46300 SH DEFINED 44775 1525 0
HALLIBURTON COMPANY COM 406216101 254 6600 SH DEFINED 6200 400 0
HEWLETT PACKARD COM 428236103 841 12400 SH DEFINED 11625 775 0
HOME DEPOT COM 437076102 2996 48125 SH DEFINED 46525 1600 0
HONEYWELL INC COM 438506107 1056 3925 SH DEFINED 12850 1075 0
INGERSOLL-RAND COMPANY COM 456866102 211 4250 SH DEFINED 3150 1100 0
INTEL CORP COM 458140100 4155 69900 SH DEFINED 66000 3900 0
I.B.M. COM 459200101 3798 21425 SH DEFINED 20850 575 0
JOHNSON & JOHNSON COM 478160104 2646 28300 SH DEFINED 27700 600 0
KANSAS CITY SO. IND. COM 485170104 328 5750 SH SOLE 5750 0 0
KEYCORP NEW COM 493267108 700 23092 SH DEFINED 20892 2200 0
LUCENT TECHNOLOGIES INC COM 549463107 3872 71703 SH DEFINED 69104 2599 0
LUCENT TECHNOLOGIES INC COM 549463107 368 6824 SH OTHER 0 0 6824
MBNA CORP COM 55262L100 292 12250 SH SOLE 12250 0 0
MCDONALDS CORP COM 580135101 317 7000 SH SOLE 7000 0 0
MEDTRONIC INC COM 585055106 1531 21300 SH DEFINED 21000 300 0
NIAGARA INVESTMENT ADVISORS INC /NY PAGE 2
FORM 13F INFORMATION TABLE
AS OF DATE: 03/31/99
TITLE VALUE SH/
OF X PRN SH/ INVSTMT VOTING AUTH.
NAME OF ISSUER CLASS CUSIP $1K AMT PRN DSCRETN SOLE SH NONE
- --------------------------- --- --------- ---- ----- -- ------- ----- -----
MELLON BK CORP COM 585509102 1142 16230 SH DEFINED 14830 1400 0
MERCK & CO INC COM 589331107 3763 46970 SH DEFINED 44895 2075 0
MERCK & CO INC COM 589331107 417 5200 SH OTHER 0 0 5200
MICROSOFT CORP COM 594918104 5660 63150 SH DEFINED 62350 800 0
MICROSOFT CORP COM 594918104 753 8400 SH OTHER 0 0 8400
MOBIL CORP COM 607059102 1309 14870 SH DEFINED 14620 250 0
MOTOROLA INC COM 620076109 1036 14150 SH DEFINED 13200 950 0
PEPSICO INC COM 713448108 603 15400 SH SOLE 15400 0 0
PFIZER INC COM 717081103 2588 18650 SH DEFINED 18450 200 0
PHARMACIA & UPJOHN, Inc. COM 716941109 1606 25750 SH DEFINED 23800 1950 0
RALSTON PURINA CO COM 751277302 724 27125 SH DEFINED 24875 2250 0
SBC COMMUNICATIONS, INC. COM 78387G103 1152 24410 SH DEFINED 24290 120 0
SMITHKLINE BEECHAM PLC ADR R COM 832378301 863 12075 SH DEFINED 11100 975 0
SOUTHWEST AIRLINES COM 844741108 319 10550 SH SOLE 10550 0 0
STATE STREET CORP COM 857477103 2418 29400 SH DEFINED 29100 300 0
STERIS CORP COM 859152100 1286 48300 SH SOLE 48300 0 0
TIME WARNER INC COM 887315109 3946 55725 SH DEFINED 53875 1850 0
TJX COS INC NEW COM 872540109 2451 72100 SH DEFINED 71600 500 0
TOP SOURCE TECH.INC CO COM 890530108 18 12000 SH SOLE 12000 0 0
TYCO INTL LTD NEW COM 902124106 3361 46850 SH DEFINED 46450 400 0
UNITED TECHNOLOGIES CORP COM 913017109 217 1600 SH SOLE 1600 0 0
WAL MART STORES INC COM 931142103 3123 67750 SH DEFINED 67150 600 0
WARNER LAMBERT CO COM 934488107 2153 32500 SH DEFINED 31150 1350 0
WELLS FARGO NEW COM 949746101 1695 48350 SH SOLE 48350 0 0
WILLIAMS COS INC COM 969457100 1243 31473 SH DEFINED 28823 2650 0
LINE COUNT: 76
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