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UNITED STATES
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SECURITIES AND EXCHANGE COMMISSION
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Washington, D.C. 20549
SEC USE ONLY
FORM 13F
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANGERS PURSUANT
TO SECTION 13(f) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES THEREUNDER
Report for the Calendar Year or Quarter Ended
March 31
,19
99
.
(Please read instructions before preparing form.)
If amended report check here:
0
David Vaughan Investments, Inc.
Name of Institutional Investment Manager
?
5823 N. Forest Park Drive
Peoria
Illinois
61614
1????
????
????
?
Business Address (Street) (City) (State) (Zip)
2
Lawrence Williams IV, 309-685-0033, Senior Vice President
Name, Phone No., and Title of Person Duly Authorized to Submit This Report.
ATTENTION
Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
The institutional investment manager submitting this Form and its attach-
ments and the person by whom it is signed represent hereby that all informa-
tion contained herein is true, correct and complete. It is understood that all
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 its behalf in the City of Peoria and State of Illinois
on the
11th
day of
May 1999
,19
.
David Vaughan Investments, Inc.
(Name of Institutional Investment Manager)
Lawrence Williams IV
(Manual Signature of Person Duly Authorized
to Submit This Report)
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):
(List in alphabetical order).
13F File Numbers will be assigned to Institutional Investment Managers after
they file their first report.
Name:
13F File No.:
?
Name:
13F File No.: ?
1.
3
6.
3
2.
7.
3.
8.
4.
9.
5.
10
(SEC USE ONLY)
Name of Reporting Manager David Vaughan Investments, Inc.
|
|
Item 6:
Item 5:
Investment Discretion
Item 8:
Item 3:
Item 4:
Shares of
(b) Shared-
Item 7:
Voting Authority (Shares)
Item 1:
Item 2:
CUSIP
Fair Market
Principal
As Defined
(c) Shared-
Managers
Name of Issuer
Title of Class
Number
Value
Amount
(a) Sole
in Instr. V
Other
See Instr. V
(a) Sole
(b) Shared
(c) None
A T & T CORP
Common Stk
00206J 10 0
4,247,142
53,214
53,214
42,593
10,621
ABBOTT LABORATORIES
Common Stk
002824 10 0
9,031,161
192,922
192,922
164,034
28,888
AETNA INC
Common Stk
008117 10 3
870,670
10,490
10,490
6,990
3,500
AGL RESOURCES
Common Stk
001204 10 6
3,042,703
173,250
173,250
148,853
24,397
AIR TOUCH COMMUN IN
Common Stk
00949T 10 0
2,058,113
21,300
21,300
17,000
4,300
ALBERTSONS INC
Common Stk
013104 10 4
748,516
13,750
13,750
12,950
800
ALCAN ALUMINUM LTD
Common Stk
013716 10 5
345,888
13,400
13,400
12,400
1,000
ALLEGHENY ENERGY IN
Common Stk
017411 10 9
6,386,750
216,500
216,500
178,250
38,250
ALLIANCE CAP MGMT
Common Stk
018548 10 7
1,497,234
59,150
59,150
54,350
4,800
ALLIED-SIGNAL INC
Common Stk
019512 10 2
3,689,063
75,000
75,000
58,100
16,900
ALLSTATE CORP
Common Stk
020002 10 1
4,083,027
110,166
110,166
84,327
25,839
ALLTEL CORP
Common Stk
020039 10 3
1,930,382
30,948
30,948
26,598
4,350
ALUMINUM CO OF AMER
Common Stk
022249 10 6
494,250
12,000
12,000
9,212
2,788
AMER ELECTRIC PWR C
Common Stk
025537 10 1
398,105
10,031
10,031
7,931
2,100
AMEREN CORP
Common Stk
023608 10 2
1,670,089
46,151
46,151
36,650
9,501
AMERICAN EXPRESS CO
Common Stk
025816 10 9
4,436,820
37,680
37,680
33,280
4,400
AMERICAN GREETINGS
Common Stk
026375 10 5
881,781
34,750
34,750
30,550
4,200
AMERICAN HOME PROD
Common Stk
026609 10 7
11,310,044
173,334
173,334
141,540
31,794
AMERITECH CORP
Common Stk
030954 10 1
5,264,044
91,350
91,350
80,800
10,550
AMP INC
Common Stk
031897 10 1
722,892
13,512
13,512
11,946
1,566
ANHEUSER BUSCH CO I
Common Stk
035229 10 3
4,510,406
59,250
59,250
53,180
6,070
ARCH CHEMICALS INC.
Common Stk
03937R 10 2
570,756
34,075
34,075
31,325
2,750
ASARCO INC
Common Stk
043413 10 3
194,066
14,050
14,050
9,850
4,200
ASHLAND OIL INC
Common Stk
044204 10 5
1,823,766
44,550
44,550
38,653
5,897
ASSOCIATES FIRST CAP
Common Stk
046008 10 8
4,808,025
106,845
106,845
86,537
20,308
ATLANTIC RICHFIELD
Common Stk
048825 10 3
779,001
10,653
10,653
10,100
553
AVISTA CORPORATION
Common Stk
05379B 10 7
351,813
21,650
21,650
19,300
2,350
AVON PRODUCTS INC
Common Stk
054303 10 2
4,207,388
89,400
89,400
84,800
4,600
BAKER HUGHES INC
Common Stk
057224 10 7
2,606,300
107,200
107,200
88,800
18,400
BALDOR ELECTRIC
Common Stk
057741 10 0
1,249,340
62,079
62,079
47,985
14,094
BALTIMORE GAS & ELEC
Common Stk
059165 10 0
340,025
13,400
13,400
6,962
6,438
BANC ONE CORPORATIO
Common Stk
059438 10 1
8,239,387
149,637
149,637
116,048
33,589
BANK OF NEW YORK
Common Stk
064057 10 2
1,725,000
48,000
48,000
42,100
5,900
BANKAMERICA CORP
Common Stk
066050 10 5
8,043,834
113,895
113,895
105,852
8,043
BANK WEST
Common Stk
059790 10 5
1,124,125
26,450
26,450
22,612
3,838
BANKERS TRUST N Y C
Common Stk
066365 10 7
1,151,221
13,045
13,045
10,056
2,989
BARD C R INCORPORAT
Common Stk
067383 10 9
1,795,575
35,600
35,600
32,700
2,900
BAXTER INTERNATIONA
Common Stk
071813 10 9
7,659,300
116,050
116,050
97,003
19,047
BEAR STEARNS COS IN
Common Stk
073902 10 8
6,715,486
150,277
150,277
124,009
26,268
BELL ATLANTIC CORP
Common Stk
077853 10 9
9,932,063
192,156
192,156
163,494
28,662
BELLSOUTH CORPORATI
Common Stk
079860 10 2
8,873,123
221,482
221,482
185,860
35,622
BETHLEHEM STEEL CO
Common Stk
087509 10 5
236,082
28,616
28,616
22,638
5,978
BIRMINGHAM STEEL
Common Stk
091250 10 0
49,219
12,500
12,500
10,800
1,700
BLOCK H & R INCORPO
Common Stk
093671 10 5
1,501,788
31,700
31,700
23,162
8,538
BLOUNT INTERNATIONA
Common Stk
095177 10 1
542,850
18,800
18,800
11,500
7,300
BOEING CO
Common Stk
097023 10 5
4,041,580
118,870
118,870
99,780
19,090
BOISE CASCADE CORP
Common Stk
097383 10 3
2,228,475
69,100
69,100
60,650
8,450
BP AMOCO PLC ADR
Common Stk
055622 10 4
2,741,136
27,140
27,140
23,262
3,878
BRIGGS & STRATTON C
Common Stk
109043 10 9
1,420,200
28,800
28,800
27,800
1,000
BRISTOL-MYERS SQUIB
Common Stk
110122 10 8
9,137,043
142,488
142,488
129,788
12,700
BROWN GROUP INC
Common Stk
115657 10 8
574,975
43,600
43,600
34,200
9,400
BROWNING-FERRIS IND
Common Stk
115885 10 5
2,290,227
59,390
59,390
48,990
10,400
C T G RESOURCES INC
Common Stk
125957 10 0
3,761,811
155,930
155,930
127,456
28,474
C.H. ROBINSON WORLWI
Common Stk
12541W 10 0
228,942
9,000
9,000
9,000
-
CAMPBELL SOUP COMP
Common Stk
134429 10 9
2,209,331
54,300
54,300
49,800
4,500
CARDINAL HEALTH INC
Common Stk
14149Y 10 8
6,256,008
94,788
94,788
82,408
12,381
CASCADE NATURAL GAS
Common Stk
147339 10 5
943,288
63,149
63,149
48,649
14,500
CATERPILLAR INC
Common Stk
149123 10 1
764,951
16,652
16,652
14,432
2,220
CBRL GROUP INC
Common Stk
12489V 10 6
279,900
15,550
15,550
14,250
1,300
CBS CORPORATION
Common Stk
12490k 10 7
3,989,708
97,757
97,757
83,433
14,324
CENTRAL VERMONT PU
Common Stk
155771 10 8
239,488
23,800
23,800
18,303
5,497
CHASE MANHATTAN CO
Common Stk
16161A 10 8
9,206,768
113,140
113,140
99,909
13,231
CHEMED CORP
Common Stk
163596 10 9
1,662,163
64,550
64,550
56,312
8,238
CHEVRON CORPORATIO
Common Stk
166751 10 7
1,934,040
21,792
21,792
15,876
5,916
CHIQUITA BRANDS INT'L
Common Stk
170032 10 6
124,288
12,200
12,200
9,800
2,400
CHOICEPOINT INC
Common Stk
170388 10 2
443,888
8,900
8,900
8,200
700
CHUBB CORPORATION
Common Stk
171232 10 1
327,950
5,600
5,600
4,400
1,200
CIGNA CORP
Common Stk
125509 10 9
582,497
6,950
6,950
6,200
750
CILCORP INC
Common Stk
171794 10 0
2,926,726
48,728
48,728
33,600
15,128
CINCINNATI BELL INC
Common Stk
171870 10 8
2,534,316
112,950
112,950
105,250
7,700
CINERGY CORP
Common Stk
172474 10 8
2,694,093
97,967
97,967
87,900
10,067
CITIGROUP
Common Stk
172967 10 1
3,426,000
53,636
53,636
40,261
13,375
CLOROX COMPANY
Common Stk
189054 10 9
6,234,375
53,200
53,200
47,500
5,700
CMS ENERGY C0RP
Common Stk
125896 10 0
276,276
6,864
6,864
6,064
800
COCA COLA COMPANY
Common Stk
191216 10 0
3,046,225
49,633
49,633
40,958
8,675
COLGATE-PALMOLIVE C
Common Stk
194162 10 3
1,573,200
17,100
17,100
15,900
1,200
CONAGRA INCORPORAT
Common Stk
205887 10 2
637,396
24,874
24,874
20,082
4,792
CONCORD EFS INC
Common Stk
206197 10 5
334,829
12,148
12,148
9,111
3,037
CONECTIV INC
Common Stk
206829 10 3
719,781
37,150
37,150
33,750
3,400
CONEXANT SYSTEMS
Common Stk
207142 10 0
820,907
29,649
29,649
26,799
2,850
CONS NATURAL GAS CO
Common Stk
209615 10 3
1,611,556
33,100
33,100
29,300
3,800
CONSECO INCORPORAT
Common Stk
208464 10 7
1,912,120
61,931
61,931
48,157
13,774
CONSOL EDISON CO OF
Common Stk
209111 10 3
582,719
12,860
12,860
9,010
3,850
CONVERGYS CORP
Common Stk
212485 10 6
1,831,519
106,950
106,950
99,750
7,200
CSX CORP
Common Stk
126408 10 3
809,900
20,800
20,800
20,200
600
CVS CORP
Common Stk
126650 10 0
670,415
14,114
14,114
9,502
4,612
CYPRUS AMAX
Common Stk
232809 10 3
499,623
41,206
41,206
33,406
7,800
D P L INC
Common Stk
233293 10 9
4,581,324
277,656
277,656
240,024
37,632
DANA CORPORATION
Common Stk
235811 10 6
4,845,152
127,504
127,504
104,948
22,556
DE LUXE CORP
Common Stk
248019 10 1
1,740,219
59,750
59,750
51,291
8,459
DEERE & CO
Common Stk
244199 10 5
2,392,819
61,950
61,950
52,491
9,459
DISNEY WALT HLDG CO
Common Stk
245687 10 6
671,335
21,569
21,569
16,824
4,745
DOMINION RESOURCES
Common Stk
257470 10 4
699,966
18,950
18,950
16,353
2,597
DOW CHEMICAL COMPA
Common Stk
260543 10 3
2,475,060
26,560
26,560
23,860
2,700
DTE ENERGY CO
Common Stk
233331 10 7
920,578
23,950
23,950
17,250
6,700
DU PONT E I DE NEMO
Common Stk
263534 10 9
2,834,379
48,816
48,816
42,887
5,929
DUKE POWER CO NC
Common Stk
264399 10 6
1,309,635
23,893
23,893
21,293
2,600
DUN & BRADSTREET CO
Common Stk
264830 10 0
763,408
21,429
21,429
18,525
2,904
EASTMAN CHEMICAL CO
Common Stk
277432 10 0
1,267,133
30,125
30,125
25,875
4,250
EASTMAN KODAK COMP
Common Stk
277461 10 9
6,651,943
104,140
104,140
86,967
17,173
EATON CORPORATION
Common Stk
278058 10 2
743,600
10,400
10,400
10,000
400
EDISON INTERNATIONA
Common Stk
281020 10 7
2,078,150
93,400
93,400
69,700
23,700
EDWARDS A G INC HOL
Common Stk
281760 10 8
3,253,518
99,534
99,534
86,760
12,774
EL PASO NATURAL GAS
Common Stk
283695 87 2
2,944,065
90,067
90,067
71,213
18,854
EMERSON ELECTRIC CO
Common Stk
291011 10 4
1,548,687
29,255
29,255
27,605
1,650
EMPIRE DISTRICT ELE
Common Stk
291641 10 8
2,925,703
128,250
128,250
113,950
14,300
ENESCO GROUP INC
Common Stk
292973 10 4
297,128
16,450
16,450
11,050
5,400
ENNIS BUSINESS FORM
Common Stk
293389 10 2
82,238
10,200
10,200
4,900
5,300
ENRON CORP
Common Stk
293561 10 6
700,903
10,909
10,909
7,101
3,808
ENTERGY CORP NEW
Common Stk
29364G 10 3
1,738,963
63,235
63,235
51,838
11,397
EQUIFAX INC
Common Stk
294429 10 5
5,962,344
173,450
173,450
148,453
24,997
EXXON CORPORATION
Common Stk
302290 10 1
6,765,815
95,884
95,884
75,391
20,493
FIRST UNION CORP
Common Stk
337358 10 5
6,532,040
122,237
122,237
113,307
8,930
FIRSTAR CORP
Common Stk
33761C 10 3
408,031
4,559
4,559
3,270
1,289
FIRSTENERGY CORP
Common Stk
337932 10 7
886,928
31,676
31,676
22,926
8,750
FLEET FINANCIAL GRO
Common Stk
338915 10 1
2,051,842
54,534
54,534
51,178
3,356
FORD MOTOR COMPANY
Common Stk
345370 10 0
9,653,314
170,290
170,290
139,300
30,990
FPL GROUP INC
Common Stk
302571 10 4
444,638
8,350
8,350
6,450
1,900
FRESENIUS MEDICAL C
Common Stk
358029 10 6
574,980
28,482
28,482
23,873
4,609
FRONTIER CORP
Common Stk
35906P 10 5
4,482,000
86,400
86,400
74,300
12,100
G T E CORPORATION
Common Stk
362320 10 3
8,795,369
145,378
145,378
114,731
30,647
GANNETT CO INC DEL
Common Stk
364730 10 1
355,320
5,640
5,640
3,040
2,600
GENERAL ELECTRIC CO
Common Stk
369604 10 3
14,768,659
133,502
133,502
99,256
34,246
GENERAL MILLS INC
Common Stk
370334 10 4
2,323,925
30,755
30,755
27,755
3,000
GENERAL MOTORS COR
Common Stk
370442 10 5
9,136,914
105,022
105,022
87,162
17,860
GENUINE PARTS CO
Common Stk
372460 10 5
3,691,227
128,112
128,112
111,912
16,200
GILLETTE CO
Common Stk
375766 10 2
2,582,678
43,452
43,452
37,634
5,818
GOODRICH B F
Common Stk
382388 10 6
439,200
12,800
12,800
9,200
3,600
GOODYEAR TIRE & RUB
Common Stk
382550 10 1
1,637,835
32,880
32,880
28,880
4,000
GRACE W R & COMPANY
Common Stk
383883 10 5
910,175
75,066
75,066
65,366
9,700
HALLIBURTON CO HLDG
Common Stk
406216 10 1
2,318,470
60,220
60,220
49,773
10,447
HARLAND JOHN H COMP
Common Stk
412693 10 3
473,513
36,600
36,600
26,850
9,750
HAWAIIAN ELEC INDUS
Common Stk
419870 10 0
3,150,927
89,866
89,866
74,366
15,500
HEINZ H J CO
Common Stk
423074 10 3
5,744,882
121,264
121,264
100,614
20,650
HERSHEY FOODS CORP
Common Stk
427866 10 8
3,227,742
57,574
57,574
48,600
8,974
HEWLETT-PACKARD CO
Common Stk
428236 10 3
3,775,258
55,672
55,672
45,078
10,594
HILTON HOTELS CORP
Common Stk
432848 10 9
733,359
52,150
52,150
44,850
7,300
HONEYWELL INCORPOR
Common Stk
438506 10 7
1,918,056
25,300
25,300
22,800
2,500
HUNTINGTON BANCSHA
Common Stk
446150 10 4
923,948
29,865
29,865
28,022
1,843
IDACORP INC
Common Stk
451107 10 6
591,694
20,100
20,100
20,100
-
ILLINOVA CORP
Common Stk
452317 10 0
511,890
24,160
24,160
18,260
5,900
INDIANA ENERGY INC
Common Stk
454707 10 0
3,446,208
181,978
181,978
149,258
32,720
INTEL CORP
Common Stk
458140 10 0
1,162,598
9,780
9,780
6,268
3,512
INTERCAPITAL QUALITY
Common Stk
45843U 10 9
176,512
12,955
12,955
12,955
-
INTERSTATE ENERGY
Common Stk
460845 10 0
1,487,991
55,887
55,887
42,328
13,559
INTL BUSINESS MACHI
Common Stk
459200 10 1
13,574,869
76,586
76,586
61,246
15,340
INTL FLAVOR & FRAGR
Common Stk
459506 10 1
931,550
24,800
24,800
22,100
2,700
IPALCO ENTERPRISES
Common Stk
462613 10 0
3,059,535
139,466
139,466
128,766
10,700
JOHNSON & JOHNSON
Common Stk
478160 10 4
8,846,877
94,619
94,619
88,072
6,547
K MART CORPORATION
Common Stk
482584 10 9
863,994
51,390
51,390
43,540
7,850
KELLOGG COMPANY
Common Stk
487836 10 8
1,591,081
47,056
47,056
41,056
6,000
KELLY SERVICES INC
Common Stk
488152 20 8
2,572,425
92,700
92,700
77,300
15,400
KEYCORP INC NEW
Common Stk
493267 10 8
1,967,281
64,900
64,900
59,000
5,900
KEYSPAN ENERGY
Common Stk
493375 10 9
3,194,644
127,150
127,150
99,550
27,600
KIMBERLY-CLARK CORP
Common Stk
494368 10 3
2,953,909
61,620
61,620
52,537
9,083
KLM ROYAL DUT AIR AM
Common Stk
482516 10 1
2,168,135
78,131
78,131
65,952
12,179
KN ENERGY
Common Stk
482620 10 1
803,980
40,325
40,325
39,325
1,000
KNIGHT RIDDER
Common Stk
499040 10 3
780,000
15,600
15,600
15,100
500
L G & E ENERGY CORP
Common Stk
501917 10 8
5,773,845
277,422
277,422
238,248
39,174
LACLEDE GAS COMPANY
Common Stk
505588 10 3
1,582,875
75,600
75,600
67,103
8,497
LILLY ELI & COMPANY
Common Stk
532457 10 8
4,592,417
54,108
54,108
50,504
3,604
LONGS DRUG STORES C
Common Stk
543162 10 1
1,549,269
50,900
50,900
47,200
3,700
LUBRIZOL CORPORATIO
Common Stk
549271 10 4
1,185,750
52,700
52,700
41,462
11,238
LUBYS CAFETERIAS IN
Common Stk
549282 10 1
438,750
26,000
26,000
21,200
4,800
LUCENT TECHNOLOGIES
Common Stk
549463 10 7
1,765,152
16,344
16,344
7,814
8,530
M C N ENERGY GROUP
Common Stk
55267J 10 0
284,306
17,700
17,700
16,800
900
M D U RESOURCES GRO
Common Stk
552690 10 9
1,538,916
67,275
67,275
58,875
8,400
MANPOWER INC
Common Stk
56418H 10 0
597,231
25,550
25,550
20,550
5,000
MAY DEPARTMENT STO
Common Stk
577778 10 3
994,714
25,424
25,424
24,074
1,350
MAYTAG CORP
Common Stk
578592 10 7
6,961,238
115,300
115,300
95,312
19,988
MCCORMICK & CO INC
Common Stk
579780 20 6
2,154,700
74,300
74,300
61,150
13,150
MCDONALDS CORP
Common Stk
580135 10 1
294,984
6,510
6,510
5,110
1,400
MEAD CORPORATION
Common Stk
582834 10 7
1,671,263
54,350
54,350
48,950
5,400
MEDIA ONE
Common Stk
58440J 10 4
1,846,031
29,100
29,100
27,100
2,000
MELLON BANK CORP
Common Stk
585509 10 2
1,562,325
22,200
22,200
18,500
3,700
MERCK & CO INC
Common Stk
589331 10 7
11,671,809
145,670
145,670
122,770
22,900
MERITOR AUTOMOTIVE
Common Stk
59000G 10 0
218,008
14,065
14,065
13,999
66
MERRILL LYNCH & CO
Common Stk
590188 10 8
1,876,200
21,200
21,200
20,300
900
MICROSOFT CORP
Common Stk
594918 10 4
369,255
4,120
4,120
4,120
-
MINNESOTA MINING & M
Common Stk
604059 10 5
1,987,438
28,091
28,091
24,591
3,500
MINNESOTA POWER & LI
Common Stk
604110 10 6
2,403,575
121,700
121,700
96,900
24,800
MOBIL CORP
Common Stk
607059 10 2
5,737,776
65,202
65,202
52,960
12,242
MONSANTO COMPANY
Common Stk
611662 10 7
3,826,594
83,300
83,300
78,612
4,688
MONTANA POWER CO
Common Stk
612085 10 0
875,394
11,900
11,900
8,900
3,000
MOORE CORP
Common Stk
615785 10 2
100,231
10,150
10,150
8,750
1,400
MORGAN J P & CO INC
Common Stk
616880 10 0
2,594,330
21,028
21,028
18,276
2,752
MORGAN STANLEY DEA
Common Stk
617446 44 8
3,906,357
39,088
39,088
30,118
8,970
MOTOROLA INCORPORA
Common Stk
620076 10 9
426,535
5,823
5,823
4,923
900
NABISCO CO
Common Stk
629526 10 4
839,563
20,200
20,200
18,800
1,400
NATIONAL CITY CORP
Common Stk
635405 10 3
6,697,636
100,906
100,906
81,476
19,430
NATIONAL FUEL GAS C
Common Stk
636180 10 1
3,010,475
76,700
76,700
65,600
11,100
NEVADA POWER CO
Common Stk
641423 10 8
1,628,550
65,800
65,800
58,100
7,700
NEW CENTURY ENERGI
Common Stk
64352V 10 3
4,618,023
135,575
135,575
107,824
27,751
NEW JERSEY RESOURC
Common Stk
646025 10 6
2,302,672
64,750
64,750
54,153
10,597
NEW YORK TIMES CLAS
Common Stk
650111 10 7
2,376,900
83,400
83,400
72,033
11,367
NEWELL RUBBERMAID
Common Stk
651229 10 6
3,440,527
72,432
72,432
56,612
15,821
NIPSCO INDUSTRIES I
Common Stk
629140 10 4
4,863,380
180,125
180,125
160,343
19,782
NORTHWESTERN CORP
Common Stk
668231 10 3
1,509,563
58,200
58,200
51,823
6,377
OCCIDENTAL PETE COR
Common Stk
674599 10 5
1,240,326
68,907
68,907
52,810
16,097
OGE ENERGY
Common Stk
670837 10 3
1,978,731
87,700
87,700
75,900
11,800
OLIN CORP
Common Stk
680665 20 5
906,128
90,050
90,050
74,150
15,900
OMNICOM GROUP INC
Common Stk
681919 10 6
319,750
4,000
4,000
822
3,178
ONEIDA LTD
Common Stk
682505 10 2
1,898,475
111,675
111,675
100,700
10,975
ORANGE & ROCKLAND U
Common Stk
684065 10 5
4,675,413
81,400
81,400
70,200
11,200
OREGON STEEL MILLS
Common Stk
686079 10 4
639,297
61,250
61,250
47,550
13,700
OTTER TAIL POWER CO
Common Stk
689648 10 3
3,684,450
92,400
92,400
75,700
16,700
P N C BANK CORP
Common Stk
693475 10 5
311,150
5,600
5,600
5,600
-
P P & L RESOURCES INC
Common Stk
693499 10 5
475,250
19,202
19,202
16,301
2,901
PACCAR INC
Common Stk
693718 10 8
3,216,744
78,100
78,100
69,600
8,500
PACIFICORP
Common Stk
695114 10 8
559,487
32,434
32,434
27,434
5,000
PAINE WEBBER GROUP
Common Stk
695629 10 5
2,279,335
57,162
57,162
47,000
10,162
PALL CORP
Common Stk
696429 30 7
635,172
38,350
38,350
31,050
7,300
PARK PLACE
ENTERTAINMENT
Common Stk
700690 10 0
324,809
42,950
42,950
37,150
5,800
PECO ENERGY INC
Common Stk
693304 10 7
1,243,478
26,886
26,886
20,903
5,983
PENNEY J C CO INC
Common Stk
708160 10 6
392,850
9,700
9,700
8,300
1,400
PENNZOIL-QUAKER STA
Common Stk
709323 10 9
962,542
77,781
77,781
62,005
15,776
PEOPLES ENERGY COR
Common Stk
711030 10 6
720,569
22,300
22,300
21,800
500
PEPSICO INC
Common Stk
713448 10 8
3,282,345
83,760
83,760
71,044
12,716
PFIZER INCORPORATED
Common Stk
717081 10 3
5,133,889
37,001
37,001
36,347
654
PG&E CORPORATION
Common Stk
69331C 10 8
599,662
19,305
19,305
14,305
5,000
PHARMACIA & UPJOHN
Common Stk
716941 10 9
2,927,134
46,928
46,928
40,585
6,343
PHELPS DODGE CORP
Common Stk
717265 10 2
987,463
20,050
20,050
18,850
1,200
PHILIP MORRIS COS
Common Stk
718154 10 7
883,875
25,119
25,119
23,065
2,054
PHILLIPS PETROLEUM
Common Stk
718507 10 6
3,111,696
65,856
65,856
58,059
7,797
PIEDMONT NATURAL GA
Common Stk
720186 10 5
1,786,750
51,050
51,050
46,353
4,697
PIONEER HY-BRED INT'L
Common Stk
723686 10 1
338,625
9,000
9,000
9,000
-
PITNEY BOWES INC
Common Stk
724479 10 0
5,017,125
78,700
78,700
69,324
9,376
POTOMAC ELECTRIC PW
Common Stk
737679 10 0
3,125,281
134,783
134,783
102,583
32,200
PPG INDUSTRIES
Common Stk
693506 10 7
1,452,938
28,350
28,350
24,050
4,300
PROCTER & GAMBLE CO
Common Stk
742718 10 9
8,811,633
89,972
89,972
78,439
11,533
PUBLIC SVC CO NEW ME
Common Stk
744499 10 4
170,000
10,000
10,000
8,500
1,500
QUAKER OATS CO
Common Stk
747402 10 5
510,450
8,200
8,200
7,000
1,200
QUESTAR CORP
Common Stk
748356 10 2
2,164,613
127,800
127,800
108,300
19,500
R L I CORP
Common Stk
749607 10 7
5,093,800
174,147
174,147
147,634
26,513
READERS DIGEST ASSN
Common Stk
755267 10 1
421,263
13,400
13,400
11,600
1,800
RELIANT ENERGY
Common Stk
75952J 10 8
922,169
35,383
35,383
27,400
7,983
ROCHESTER GAS & ELE
Common Stk
771367 10 9
238,313
9,300
9,300
7,100
2,200
ROCKWELL INTL CORP
Common Stk
774347 10 8
2,673,563
63,000
63,000
56,200
6,800
SARA LEE CORP
Common Stk
803111 10 3
6,339,713
256,150
256,150
206,750
49,400
SBC COMMUNICATIONS
Common Stk
78387G 10 3
8,580,858
181,846
181,846
158,033
23,813
SCHERING PLOUGH CO
Common Stk
806605 10 1
5,478,811
99,164
99,164
89,464
9,700
SEALED AIR CORPORATI
Common Stk
8121K1 10 0
797,428
16,212
16,212
12,735
3,477
SEARS ROEBUCK & CO
Common Stk
812387 10 8
4,332,397
95,876
95,876
77,126
18,750
SEMPRA ENERGY
Common Stk
816851 10 4
930,575
48,499
48,499
44,494
4,005
SERVICEMASTER CO
Common Stk
817615 10 7
5,060,900
249,152
249,152
202,364
46,788
SKYLINE CORP
Common Stk
830830 10 5
1,086,413
39,150
39,150
31,800
7,350
SMITHKLINE BEECHAM
Common Stk
832378 30 1
247,390
3,460
3,460
1,871
1,589
SOLUTIA INC
Common Stk
834376 10 5
245,683
14,140
14,140
12,740
1,400
SOUTHERN COMPANY
Common Stk
842587 10 7
1,756,597
75,350
75,350
60,114
15,236
SOUTHWEST GAS CORP
Common Stk
844895 10 2
247,500
9,000
9,000
7,400
1,600
SPRINT CORPORATION
Common Stk
852061 10 0
5,639,734
57,475
57,475
46,731
10,744
SPRINT PCS GROUP
Common Stk
852061 50 6
1,151,549
25,987
25,987
20,815
5,172
ST JOSEPH LIGHT & PO
Common Stk
790654 10 7
214,594
10,500
10,500
8,500
2,000
ST PAUL COMPANIES I
Common Stk
792860 10 8
1,581,330
50,908
50,908
40,790
10,118
TECO ENERGY
Common Stk
872375 10 0
2,475,372
124,547
124,547
110,797
13,750
TENNECO INC
Common Stk
880370 10 1
2,087,574
74,723
74,723
64,950
9,773
TEXACO INCORPORAT
Common Stk
881694 10 3
919,350
16,200
16,200
15,400
800
TEXAS UTILITIES
Common Stk
882848 10 4
978,600
23,300
23,300
19,500
3,800
TEXTRON INCORPORAT
Common Stk
883203 10 1
3,980,944
51,450
51,450
45,850
5,600
TIMKEN COMPANY
Common Stk
887389 10 4
524,875
32,300
32,300
28,100
4,200
TRUE NORTH COMMUN
Common Stk
897844 10 6
4,695,096
167,682
167,682
139,182
28,500
U S TRUST CORP
Common Stk
91288L 10 5
600,919
8,100
8,100
7,500
600
U S X-MARATHON GROU
Common Stk
902905 82 7
3,458,813
125,775
125,775
104,728
21,047
U S X-US STEEL GROU
Common Stk
90337T 10 1
1,901,150
80,900
80,900
65,012
15,888
UNION CAMP CORP
Common Stk
905530 10 1
832,350
12,400
12,400
10,900
1,500
UNION CARBIDE CORP
Common Stk
905581 10 4
1,342,069
29,700
29,700
28,200
1,500
UNION PACIFIC CORP
Common Stk
907818 10 8
430,493
8,056
8,056
7,400
656
UNIVERSAL FOODS
Common Stk
913538 10 4
259,875
12,600
12,600
8,600
4,000
UNOCAL CORP DELAWA
Common Stk
915289 10 2
715,375
19,400
19,400
15,600
3,800
US WEST COMMUNICATI
Common Stk
912889 10 2
3,534,352
64,188
64,188
55,372
8,816
UTILICORP UNITED IN
Common Stk
918005 10 9
1,781,325
78,300
78,300
72,150
6,150
WACHOVIA CORP
Common Stk
929771 10 3
2,500,575
30,800
30,800
28,100
2,700
WAL-MART STORES INC
Common Stk
931142 10 3
7,177,719
77,860
77,860
64,132
13,728
WASHINGTON FEDERAL
Common Stk
938824 10 9
205,170
9,770
9,770
8,050
1,720
WARNER LAMBERT CO
Common Stk
934488 10 7
5,353,000
80,800
80,800
79,700
1,100
WASHINGTON MUTUAL
Common Stk
939339 10 7
4,802,281
117,487
117,487
102,674
14,813
WASTE MANAGEMENT
Common Stk
94106K 10 1
1,819,994
41,014
41,014
33,247
7,767
WD-40 COMPANY
Common Stk
929236 10 7
2,005,814
69,166
69,166
62,566
6,600
WELLS FARGO
Common Stk
949740 10 4
2,546,239
72,620
72,620
62,220
10,400
WESTCOAST ENERGY IN
Common Stk
95751D 10 2
1,440,778
73,650
73,650
61,050
12,600
WESTERN RESOURCES I
Common Stk
959425 10 9
1,571,227
58,875
58,875
43,725
15,150
WEYERHAEUSER CO
Common Stk
962166 10 4
1,524,863
27,475
27,475
23,225
4,250
WHIRLPOOL CORP
Common Stk
963320 10 6
1,587,750
29,200
29,200
26,100
3,100
WILLIAMS COMPANIES
Common Stk
969457 10 0
2,585,275
65,450
65,450
61,750
3,700
WISCONSIN EGY CP HL
Common Stk
976657 10 6
376,629
14,451
14,451
12,951
1,500
WPS RESOURCES CORP
Common Stk
92931B 10 6
209,450
7,100
7,100
5,600
1,500
WRIGLEY WM JR CO
Common Stk
982526 10 5
233,419
2,581
2,581
1,581
1,000
XEROX CORP
Common Stk
984121 10 3
2,937,140
56,348
56,348
52,548
3,800
BAKER HUGHES INC CV
Conv Debt
057224 AH 0
690,000
1,000,000
1,000,000
1,000,000
-
05/05/08 0.00%
HEALTHSOUTH CORP
Conv Debt
421924 AB 7
813,750
1,000,000
1,000,000
1,000,000
-
04/01/03 3.25%
Call 04/04/01, 101.3
HEWLETT PACKARD
Conv Debt
428236 AA 1
423,750
750,000
750,000
750,000
-
10/14/17 0.00%
Call 10/14/00, 59.029
HILTON HOTELS CP CV
Conv Debt
432848 AL 3
937,500
1,000,000
1,000,000
1,000,000
-
05/15/06 5.00%
Call 05/15/99, 102.59
LOEWS CORP CV DEB
Conv Debt
540424 AL 2
845,000
1,000,000
1,000,000
1,000,000
-
09/15/07 3.125%
Call 09/15/02, 101.56
MOTOROLA INC CV DEB
Conv Debt
620076 AJ 8
800,000
1,000,000
1,000,000
1,000,000
-
09/27/13 0.00%
Call 09/27/98, 71.49
PENNZOIL CO
Conv Debt
709903 BH 0
742,500
750,000
750,000
750,000
-
08/15/08 4.95%
POTOMAC ELECTRIC PW
Conv Debt
737679 BT 6
955,000
1,000,000
1,000,000
1,000,000
-
09/01/02 5.00%
Call 09/01/98, 94.371
USD TEXACO CAPITAL
Conv Debt
VV308157
248,750
250,000
250,000
250,000
-
08/05/04 3.50 %
Call 08/05/99, 100
WMX TECHNOLOGIES
Conv Debt
92929Q AF 4
956,250
1,000,000
1,000,000
1,000,000
-
01/24/05 2.00%
Call 03/15/00, 84.303
XEROX CORP
Conv Debt
983931 BG 0
1,220,000
1,000,000
1,000,000
1,000,000
-
07/01/02 2.875%
Call 07/01/99, 100
COLUMN TOTALS
$ 733,400,614
SEC 1685
(5/91)
c ProFormWare, Inc. (561) 447-6684 SEC 1685 (5/91)
c ProFormWare, Inc. (561) 447-6684
SEC 1685 (5/91)
