OMB APPROVAL
OMB Number: 3235-0006
Expires: February 28,1997
UNITED STATES
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SECURITIES AND EXCHANGE COMMISSION
hours per response.........................24.60
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
June 30
,19
99
.
(Please read instructions before preparing form.)
If amended report check here:
David Vaughan Investments, Inc
Name of Institutional Investment Manager
5823 N. Forest Park Drive
Peoria
IL
61614
1?????????????
Business Address (Street) (City) (State) (Zip)
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
attachments and the person by whom it is signed represent
hereby that all information contained herein is true, correct and complete.
It is understood that all required items, statements and schedules ar
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
7th
day of
August 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
4,587,899
82,202
82,202
66,419
15,783
ABBOTT LABORATORIES
Common Stk
002824 10 0
8,776,523
193,422
193,422
165,034
28,388
AETNA INC
Common Stk
008117 10 3
929,256
10,390
10,390
6,890
3,500
AGL RESOURCES
Common Stk
001204 10 6
3,312,297
179,650
179,650
154,453
25,197
ALBERTSONS INC
Common Stk
013104 10 4
796,641
15,450
15,450
14,550
900
ALCAN ALUMINUM LTD
Common Stk
013716 10 5
434,350
13,600
13,600
12,600
1,000
ALLEGHENY ENERGY INC
Common Stk
017411 10 9
7,079,400
220,800
220,800
182,350
38,450
ALLIANCE CAP MGMT
Common Stk
018548 10 7
2,376,584
73,550
73,550
65,150
8,400
ALLIANT ENERGY
Common Stk
929305 10 0
1,591,781
56,098
56,098
42,428
13,670
ALLIED-SIGNAL INC
Common Stk
019512 10 2
4,775,400
75,800
75,800
60,400
15,400
ALLSTATE CORP
Common Stk
020002 10 1
3,981,085
110,971
110,971
86,727
24,244
ALLTEL CORP
Common Stk
020039 10 3
2,205,632
30,848
30,848
26,498
4,350
ALUMINUM CO OF AMERICA
Common Stk
022249 10 6
742,500
12,000
12,000
9,212
2,788
AMER ELECTRIC PWR C
Common Stk
025537 10 1
386,856
10,299
10,299
7,831
2,468
AMEREN CORP
Common Stk
023608 10 2
1,778,720
46,351
46,351
36,850
9,501
AMERICAN EXPRESS CO
Common Stk
025816 10 9
4,916,123
37,780
37,780
33,380
4,400
AMERICAN GREETINGS
Common Stk
026375 10 5
745,594
24,750
24,750
20,250
4,500
AMERICAN HOME PRODU
Common Stk
026609 10 7
10,039,133
174,974
174,974
144,274
30,700
AMERITECH CORP
Common Stk
030954 10 1
6,692,175
91,050
91,050
80,500
10,550
ANHEUSER BUSCH CO I
Common Stk
035229 10 3
4,219,363
59,480
59,480
53,280
6,200
ARCH CHEMICALS INC.
Common Stk
03937R 10 2
806,567
33,175
33,175
30,775
2,400
ASARCO INC
Common Stk
043413 10 3
264,316
14,050
14,050
9,850
4,200
ASHLAND OIL INC
Common Stk
044204 10 5
1,875,844
46,750
46,750
40,453
6,297
ASSOCIATES FIRST CAP
Common Stk
046008 10 8
4,746,482
107,569
107,569
87,871
19,698
ATLANTIC RICHFIELD
Common Stk
048825 10 3
890,191
10,653
10,653
10,100
553
AVISTA CORPORATION
Common Stk
05379B 10 7
346,938
21,350
21,350
19,300
2,050
AVON PRODUCTS INC
Common Stk
054303 10 2
5,009,430
90,260
90,260
85,460
4,800
BAKER HUGHES INC
Common Stk
057224 10 7
3,688,350
110,100
110,100
91,800
18,300
BALDOR ELECTRIC
Common Stk
057741 10 0
1,300,759
65,447
65,447
50,919
14,528
BANC ONE CORPORATIO
Common Stk
059438 10 1
9,246,423
155,239
155,239
120,190
35,049
BANK OF NEW YORK
Common Stk
064057 10 2
1,808,694
49,300
49,300
43,200
6,100
BANKAMERICA CORP
Common Stk
066050 10 5
8,367,522
114,135
114,135
106,448
7,687
BANK WEST
Common Stk
059790 10 5
981,956
26,450
26,450
22,812
3,638
BARD C R INCORPORAT
Common Stk
067383 10 9
1,745,156
36,500
36,500
33,200
3,300
BAXTER INTERNATIONA
Common Stk
071813 10 9
7,229,531
119,250
119,250
100,403
18,847
BEAR STEARNS COS IN
Common Stk
073902 10 8
7,022,738
150,219
150,219
124,555
25,664
BELL ATLANTIC CORP
Common Stk
077853 10 9
12,587,760
192,547
192,547
164,399
28,148
BELLSOUTH CORPORATI
Common Stk
079860 10 2
10,376,326
224,961
224,961
189,961
35,000
BERKSHIRE HATHAWAY CL A
Common Stk
084670 10 8
344,500
5
5
-
5
BETHLEHEM STEEL CORP
Common Stk
087509 10 5
234,753
30,537
30,537
24,672
5,865
BLOCK H & R INCORPO
Common Stk
093671 10 5
1,620,000
32,400
32,400
23,862
8,538
BLOUNT INTERNATIONA
Common Stk
095177 10 1
511,125
18,800
18,800
11,500
7,300
BOEING CO
Common Stk
097023 10 5
5,340,720
121,380
121,380
102,590
18,790
BOISE CASCADE CORP
Common Stk
097383 10 3
2,984,100
69,600
69,600
61,450
8,150
BP AMOCO PLC ADR
Common Stk
055622 10 4
3,059,158
28,195
28,195
24,647
3,548
BRIGGS & STRATTON C
Common Stk
109043 10 9
1,663,200
28,800
28,800
27,800
1,000
BRISTOL-MYERS SQUIB
Common Stk
110122 10 8
10,130,744
143,826
143,826
131,526
12,300
BROWN SHOE COMPANY
Common Stk
115657 10 8
963,525
44,300
44,300
34,600
9,700
BROWNING-FERRIS IND
Common Stk
115885 10 5
2,553,770
59,390
59,390
49,090
10,300
C T G RESOURCES INC
Common Stk
125957 10 0
5,719,241
157,230
157,230
129,656
27,574
CAMPBELL SOUP COMPA
Common Stk
134429 10 9
2,518,163
54,300
54,300
50,000
4,300
CARDINAL HEALTH INC
Common Stk
14149Y 10 8
5,801,517
90,472
90,472
78,689
11,783
CAROLINA PWR & LIGHT
Common Stk
144141 10 8
231,188
5,400
5,400
4,800
600
CASCADE NATURAL GAS
Common Stk
147339 10 5
1,373,681
72,299
72,299
56,899
15,400
CATERPILLAR INC
Common Stk
149123 10 1
1,017,120
16,952
16,952
14,732
2,220
CBRL GROUP INC
Common Stk
12489V 10 6
224,197
12,950
12,950
11,850
1,100
CBS CORPORATION
Common Stk
12490k 10 7
4,271,608
98,057
98,057
83,733
14,324
CENTRAL VERMONT PUB SV
Common Stk
155771 10 8
285,719
22,300
22,300
16,803
5,497
CHASE MANHATTAN COR
Common Stk
16161A 10 8
9,793,963
113,225
113,225
99,809
13,416
CHEMED CORP
Common Stk
163596 10 9
2,222,763
66,850
66,850
57,312
9,538
CHEVRON CORPORATION
Common Stk
166751 10 7
2,097,649
22,066
22,066
16,650
5,416
CHIQUITA BRANDS INT'L INC
Common Stk
170032 10 6
123,300
13,700
13,700
11,000
2,700
CHOICEPOINT INC
Common Stk
170388 10 2
597,413
8,900
8,900
8,300
600
CHUBB CORPORATION
Common Stk
171232 10 1
389,200
5,600
5,600
4,400
1,200
CIGNA CORP
Common Stk
125509 10 9
618,550
6,950
6,950
6,200
750
CILCORP INC
Common Stk
171794 10 0
3,121,625
49,946
49,946
43,396
6,550
CINCINNATI BELL INC
Common Stk
171870 10 8
2,908,959
116,650
116,650
108,450
8,200
CINERGY CORP
Common Stk
172474 10 8
3,342,944
104,467
104,467
93,800
10,667
CISCO SYSTEMS INC
Common Stk
17275R 10 2
215,092
3,338
3,338
3,338
-
CITIGROUP
Common Stk
172967 10 1
3,807,125
80,150
80,150
61,588
18,562
CLOROX COMPANY
Common Stk
189054 10 9
5,757,194
53,900
53,900
48,300
5,600
CMS ENERGY C0RP
Common Stk
125896 10 0
299,993
7,164
7,164
6,564
600
COCA COLA COMPANY
Common Stk
191216 10 0
3,071,046
49,533
49,533
40,958
8,575
COLGATE-PALMOLIVE C
Common Stk
194162 10 3
1,684,350
34,200
34,200
31,800
2,400
COMPAQ COMPUTER
Common Stk
204493 10 0
505,847
21,355
21,355
18,555
2,800
CONAGRA INCORPORATE
Common Stk
205887 10 2
748,748
28,122
28,122
22,830
5,292
CONCORD EFS INC
Common Stk
206197 10 5
287,175
6,787
6,787
3,750
3,037
CONECTIV INC
Common Stk
206829 10 3
1,020,266
41,750
41,750
38,350
3,400
CONEXANT SYSTEMS
Common Stk
207142 10 0
783,786
13,499
13,499
10,949
2,550
CONS NATURAL GAS CO
Common Stk
209615 10 3
2,010,825
33,100
33,100
29,300
3,800
CONSECO INCORPORATED
Common Stk
208464 10 7
2,135,252
70,152
70,152
55,869
14,283
CONSOL EDISON CO OF
Common Stk
209111 10 3
581,915
12,860
12,860
9,010
3,850
CONSTELLATION ENERGY
Common Stk
210371 10 0
577,688
19,500
19,500
18,762
738
CONVERGYS CORP
Common Stk
212485 10 6
2,043,094
105,450
105,450
98,250
7,200
CSX CORP
Common Stk
126408 10 3
975,563
21,500
21,500
20,900
600
CVS CORP
Common Stk
126650 10 0
706,136
13,914
13914
9,302
4,612
CYPRUS AMAX
Common Stk
232809 10 3
674,142
44,206
44,206
35,506
8,700
D P L INC
Common Stk
233293 10 9
5,352,161
289,306
289,306
251,224
38,082
DANA CORPORATION
Common Stk
235811 10 6
6,203,283
134,671
134,671
112,000
22,671
DE LUXE CORP
Common Stk
248019 10 1
2,454,891
63,250
63,250
54,091
9,159
DEERE & CO
Common Stk
244199 10 5
2,474,691
63,150
63,150
53,891
9,259
DELPHI AUTOMOTIVE SYS
Common Stk
247126 10 5
1,400,094
75,681
75,681
63,838
11,843
DISNEY WALT HLDG CO
Common Stk
245687 10 6
729,302
23,669
23,669
18,824
4,845
DOMINION RESOURCES
Common Stk
257470 10 4
820,772
18,950
18,950
16,353
2,597
DOW CHEMICAL COMPAN
Common Stk
260543 10 3
3,369,800
26,560
26,560
23,860
2,700
DQE INC HOLDING CO
Common Stk
23329J 10 4
208,650
5,200
5,200
4,800
400
DTE ENERGY CO
Common Stk
233331 10 7
967,813
23,750
23,750
17,150
6,600
DU PONT E I DE NEMO
Common Stk
263534 10 9
3,409,545
49,911
49,911
44,050
5,861
DUKE POWER CO NC
Common Stk
264399 10 6
1,393,219
25,593
25,593
22,893
2,700
DUN & BRADSTREET CO
Common Stk
264830 10 0
748,759
21,129
21,129
18,225
2,904
EASTMAN CHEMICAL CO
Common Stk
277432 10 0
1,553,794
30,025
30,025
26,000
4,025
EASTMAN KODAK COMPA
Common Stk
277461 10 9
7,091,935
104,678
104,678
87,825
16,853
EATON CORPORATION
Common Stk
278058 10 2
956,800
10,400
10,400
10,000
400
EDISON INTERNATIONA
Common Stk
281020 10 7
2,763,275
103,300
103,300
79,600
23,700
EDWARDS A G INC HOL
Common Stk
281760 10 8
3,366,384
104,384
104,384
91,060
13,324
EL PASO NATURAL GAS
Common Stk
283695 87 2
3,324,058
94,467
94,467
75,513
18,954
EMERSON ELECTRIC CO
Common Stk
291011 10 4
1,891,587
30,055
30,055
28,505
1,550
EMPIRE DISTRICT ELE
Common Stk
291641 10 8
3,376,397
129,550
129,550
115,450
14,100
ENESCO GROUP INC
Common Stk
292973 10 4
375,781
16,250
16,250
10,650
5,600
ENRON CORP
Common Stk
293561 10 6
920,832
11,264
11,264
7,556
3,708
ENTERGY CORP NEW
Common Stk
29364G 10 3
2,041,719
65,335
65,335
54,338
10,997
EQUIFAX INC
Common Stk
294429 10 5
6,254,234
175,250
175,250
151,553
23,697
EXXON CORPORATION
Common Stk
302290 10 1
7,544,136
97,817
97,817
77,107
20,710
FIRST UNION CORP
Common Stk
337358 10 5
5,961,925
126,513
126,513
117,083
9,430
FIRSTAR CORP
Common Stk
33761C 10 3
382,956
13,677
13,677
9,810
3,867
FIRSTENERGY CORP
Common Stk
337932 10 7
981,956
31,676
31,676
22,926
8,750
FLEET FINANCIAL GRO
Common Stk
338915 10 1
2,455,446
55,334
55,334
51,978
3,356
FORD MOTOR COMPANY
Common Stk
345370 10 0
9,627,673
170,590
170,590
140,843
29,747
FOSTER WHEELER
Common Stk
350244 10 9
333,281
23,700
23,700
18,100
5,600
FPL GROUP INC
Common Stk
302571 10 4
456,119
8,350
8,350
6,650
1,700
FRESENIUS MEDICAL C
Common Stk
358029 10 6
533,582
26,596
26,596
23,664
2,932
FRONTIER CORP
Common Stk
35906P 10 5
5,018,300
85,600
85,600
73,800
11,800
G T E CORPORATION
Common Stk
362320 10 3
11,248,972
148,993
148,993
118,746
30,247
GANNETT CO INC DEL
Common Stk
364730 10 1
402,555
5,640
5,640
3,040
2,600
GENERAL ELECTRIC CO
Common Stk
369604 10 3
17,332,618
153,386
153,386
125,123
28,263
GENERAL MILLS INC
Common Stk
370334 10 4
2,471,933
30,755
30,755
27,880
2,875
GENERAL MOTORS CORP
Common Stk
370442 10 5
7,019,034
106,349
106,349
89,001
17,348
GENUINE PARTS CO
Common Stk
372460 10 5
4,819,920
137,712
137,712
120,362
17,350
GILLETTE CO
Common Stk
375766 10 2
1,787,272
43,592
43,592
38,074
5,518
GOODRICH B F
Common Stk
382388 10 6
680,000
16,000
16,000
12,300
3,700
GOODYEAR TIRE & RUB
Common Stk
382550 10 1
1,969,043
33,480
33,480
29,480
4,000
GRACE W R & COMPANY
Common Stk
383883 10 5
1,464,254
77,066
77,066
67,566
9,500
HALLIBURTON CO HLDG CO
Common Stk
406216 10 1
2,772,468
61,270
61,270
50,823
10,447
HARLAND JOHN H COMP
Common Stk
412693 10 3
584,169
29,300
29,300
21,250
8,050
HAWAIIAN ELEC INDUS
Common Stk
419870 10 0
3,409,207
96,034
96,034
80,066
15,968
HEINZ H J CO
Common Stk
423074 10 3
6,168,583
123,064
123,064
102,714
20,350
HERSHEY FOODS CORP
Common Stk
427866 10 8
3,406,581
57,374
57,374
48,600
8,774
HEWLETT-PACKARD COM
Common Stk
428236 10 3
5,685,486
56,572
56,572
45,978
10,594
HILTON HOTELS CORP
Common Stk
432848 10 9
715,759
50,450
50,450
43,250
7,200
HONEYWELL INCORPORA
Common Stk
438506 10 7
2,236,388
19,300
19,300
16,800
2,500
HUNTINGTON BANCSHAR
Common Stk
446150 10 4
1,041,880
29,768
29,768
27,925
1,843
ILLINOVA CORP
Common Stk
452317 10 0
748,285
27,460
27,460
20,360
7,100
IMS HEALTH INC
Common Stk
449934 10 8
214,063
6,850
6,850
3,250
3,600
INDIANA ENERGY INC
Common Stk
454707 10 0
3,979,982
186,744
186,744
153,823
32,921
INTEL CORP
Common Stk
458140 10 0
1,268,064
21,312
21,312
14,034
7,278
INTERCAPITAL QUALITY MUN
Common Stk
45843U 10 9
168,415
12,955
12,955
12,955
-
INTERNATIONAL PAPER CO
Common Stk
460146 10 3
1,026,708
20,432
20,432
17,505
2,927
INTL BUSINESS MACHI
Common Stk
459200 10 1
19,559,920
151,334
151,334
122,234
29,100
INTL FLAVOR & FRAGR
Common Stk
459506 10 1
1,157,200
26,300
26,300
23,600
2,700
IPALCO ENTERPRISES
Common Stk
462613 10 0
2,954,936
139,466
139,466
128,766
10,700
JOHNSON & JOHNSON
Common Stk
478160 10 4
9,291,184
94,808
94,808
89,011
5,797
K MART CORPORATION
Common Stk
482584 10 9
965,910
58,540
58,540
49,190
9,350
KELLOGG COMPANY
Common Stk
487836 10 8
1,575,948
47,756
47,756
41,556
6,200
KELLY SERVICES INC
Common Stk
488152 20 8
3,170,738
98,700
98,700
83,000
15,700
KEYCORP INC NEW
Common Stk
493267 10 8
2,223,050
69,200
69,200
63,400
5,800
KEYSPAN ENERGY
Common Stk
493375 10 9
3,503,919
132,850
132,850
105,800
27,050
KIMBERLY-CLARK CORP
Common Stk
494368 10 3
3,614,940
63,420
63,420
53,837
9,583
KLM ROYAL DUT AIR AM S
Common Stk
482516 10 1
2,423,014
84,832
84,832
71,583
13,249
KN ENERGY
Common Stk
482620 10 1
230,384
17,225
17,225
15,825
1,400
KNIGHT RIDDER
Common Stk
499040 10 3
858,975
15,600
15600
15,100
500
L G & E ENERGY CORP
Common Stk
501917 10 8
5,859,462
279,022
279,022
240,249
38,773
LACLEDE GAS COMPANY
Common Stk
505588 10 3
1,992,525
85,700
85,700
76,803
8,897
LILLY ELI & COMPANY
Common Stk
532457 10 8
3,960,290
55,292
55,292
51,704
3,588
LONGS DRUG STORES C
Common Stk
543162 10 1
1,752,319
50,700
50,700
47,000
3,700
LUBRIZOL CORPORATIO
Common Stk
549271 10 4
1,564,150
57,400
57,400
45,762
11,638
LUBYS CAFETERIAS IN
Common Stk
549282 10 1
423,000
28,200
28,200
22,700
5,500
LUCENT TECHNOLOGIES
Common Stk
549463 10 7
2,271,565
33,684
33,684
16,104
17,580
M C N ENERGY GROUP INC
Common Stk
55267J 10 0
454,425
21,900
21,900
21,000
900
M D U RESOURCES GRO
Common Stk
552690 10 9
1,620,258
71,025
71,025
63,125
7,900
MANPOWER INC
Common Stk
56418H 10 0
544,131
24,050
24,050
19,050
5,000
MAY DEPARTMENT STOR
Common Stk
577778 10 3
1,039,206
25,424
25,424
24,074
1,350
MAYTAG CORP
Common Stk
578592 10 7
8,028,438
115,000
115,000
95,512
19,488
MCCORMICK & CO INC
Common Stk
579780 20 6
2,442,938
77,400
77,400
64,750
12,650
MCDONALDS CORP
Common Stk
580135 10 1
255,386
6,210
6,210
5,210
1,000
MEAD CORPORATION
Common Stk
582834 10 7
2,377,663
56,950
56,950
51,350
5,600
MEDIA ONE
Common Stk
58440J 10 4
2,155,462
28,981
28,981
26,981
2,000
MELLON BANK CORP
Common Stk
585509 10 2
1,713,263
47,100
47,100
39,500
7,600
MERCK & CO INC
Common Stk
589331 10 7
10,673,416
144,970
144,970
123,070
21,900
MERITOR AUTOMOTIVE INC
Common Stk
59000G 10 0
480,471
18,842
18,842
19,076
(234)
MERRILL LYNCH & CO
Common Stk
590188 10 8
1,685,400
21,200
21,200
21,200
-
MICROSOFT CORP
Common Stk
594918 10 4
412,157
4,570
4,570
4,570
-
MINNESOTA MINING & MFG
Common Stk
604059 10 5
2,455,984
28,250
28,250
24,750
3,500
MINNESOTA POWER & LIGHT
Common Stk
604110 10 6
2,430,713
122,300
122,300
98,500
23,800
MOBIL CORP
Common Stk
607059 10 2
4,657,050
47,160
47,160
35,460
11,700
MONSANTO COMPANY
Common Stk
611662 10 7
3,358,856
84,900
84,900
81,412
3,488
MONTANA POWER COMPANY
Common Stk
612085 10 0
824,850
11,700
11,700
8,700
3,000
MORGAN J P & CO INC
Common Stk
616880 10 0
2,954,434
21,028
21,028
18,402
2,626
MORGAN STANLEY DEAN W
Common Stk
617446 44 8
4,020,848
39,180
39,180
30,084
9,096
MOTOROLA INCORPORATED
Common Stk
620076 10 9
551,729
5,823
5,823
4,923
900
NABISCO CO
Common Stk
629526 10 4
864,300
20,100
20,100
18,700
1,400
NATIONAL CITY CORP
Common Stk
635405 10 3
6,609,343
100,906
100,906
81,876
19,030
NATIONAL FUEL GAS C
Common Stk
636180 10 1
3,758,750
77,500
77,500
66,400
11,100
NEVADA POWER CO
Common Stk
641423 10 8
1,670,000
66,800
66,800
60,200
6,600
NEW CENTURY ENERGIES
Common Stk
64352V 10 3
5,352,438
137,905
137,905
110,134
27,771
NEW JERSEY RESOURCE
Common Stk
646025 10 6
2,491,466
66,550
66,550
55,953
10,597
NEW YORK TIMES CLAS
Common Stk
650111 10 7
3,255,440
88,433
88,433
76,233
12,200
NEWELL RUBBERMAID
Common Stk
651229 10 6
3,738,938
80,624
80,624
64,025
16,599
NISOURCE INC
Common Stk
65473P 10 5
4,651,155
180,190
180,190
160,409
19,781
NORTHWESTERN CORP
Common Stk
668231 10 3
1,499,625
62,000
62,000
55,823
6,177
OCCIDENTAL PETE COR
Common Stk
674599 10 5
1,426,085
67,507
67,507
51,510
15,997
OGE ENERGY
Common Stk
670837 10 3
2,080,500
87,600
87,600
69,400
18,200
OLIN CORP
Common Stk
680665 20 5
1,310,178
99,350
99,350
86,750
12,600
OMNICOM GROUP INC
Common Stk
681919 10 6
344,000
4,300
4,300
1,122
3,178
ONEIDA LTD
Common Stk
682505 10 2
3,180,234
113,075
113,075
101,700
11,375
ORACLE SYSTEMS CORP
Common Stk
68389X 10 5
214,360
5,774
5,774
2,344
3,430
ORANGE & ROCKLAND U
Common Stk
684065 10 5
4,745,888
81,300
81,300
70,100
11,200
OREGON STEEL MILLS INC
Common Stk
686079 10 4
961,828
72,250
72,250
54,650
17,600
OTTER TAIL POWER CO
Common Stk
689648 10 3
3,686,575
95,600
95,600
78,500
17,100
P N C BANK CORP
Common Stk
693475 10 5
316,938
5,500
5,500
5,500
-
P P & L RESOURCES INC
Common Stk
693499 10 5
596,612
19,402
19,402
16,301
3,101
PACCAR INC
Common Stk
693718 10 8
4,318,038
80,900
80,900
71,300
9,600
PACIFICORP
Common Stk
695114 10 8
674,987
36,734
36,734
31,434
5,300
PAINE WEBBER GROUP
Common Stk
695629 10 5
2,761,149
59,062
59,062
48,400
10,662
PALL CORP
Common Stk
696429 30 7
815,391
36,750
36,750
29,650
7,100
PARK PLACE ENTERTAINMENT
Common Stk
700690 10 0
3,616,041
33,050
33,050
28,750
4,300
PECO ENERGY INC
Common Stk
693304 10 7
1,146,998
27,391
27,391
21,708
5,683
PENNEY J C CO INC
Common Stk
708160 10 6
519,619
10,700
10,700
9,400
1,300
PENNZOIL-QUAKER STATE
Common Stk
709323 10 9
845,763
56,384
56,384
44,207
12,177
PEOPLES ENERGY CORP
Common Stk
711030 10 6
840,431
22,300
22,300
21,800
500
PEPSICO INC
Common Stk
713448 10 8
3,440,402
88,928
88,928
76,584
12,344
PFIZER INCORPORATED
Common Stk
717081 10 3
4,027,223
110,841
110,841
108,441
2,400
PG&E CORPORATION
Common Stk
69331C 10 8
626,206
19,305
19,305
14,705
4,600
PHARMACIA & UPJOHN
Common Stk
716941 10 9
2,683,141
47,228
47,228
40,785
6,443
PHELPS DODGE CORPOR
Common Stk
717265 10 2
1,241,847
20,050
20,050
18,850
1,200
PHILIP MORRIS COS I
Common Stk
718154 10 7
734,386
18,274
18,274
16,220
2,054
PHILLIPS PETROLEUM
Common Stk
718507 10 6
3,368,724
66,956
66,956
58,959
7,997
PIEDMONT NATURAL GA
Common Stk
720186 10 5
1,612,275
51,800
51,800
47,103
4,697
PIONEER HY-BRED INT'L
Common Stk
723686 10 1
350,438
9,000
9,000
9,000
-
PITNEY BOWES INC
Common Stk
724479 10 0
5,078,320
79,040
79,040
70,064
8,976
POTOMAC ELECTRIC PW
Common Stk
737679 10 0
4,059,932
137,917
137,917
105,983
31,934
PPG INDUSTRIES
Common Stk
693506 10 7
1,674,422
28,350
28,350
24,050
4,300
PROCTER & GAMBLE CO
Common Stk
742718 10 9
8,008,135
89,727
89,727
79,239
10,488
PUBLIC SVC CO NEW MEXICO
Common Stk
744499 10 4
234,525
11,800
11,800
10,600
1,200
QUAKER OATS CO
Common Stk
747402 10 5
544,275
8,200
8,200
7,000
1,200
QUESTAR CORP
Common Stk
748356 10 2
2,488,163
130,100
130,100
110,900
19,200
R L I CORP
Common Stk
749607 10 7
6,791,945
175,276
175,276
146,304
28,972
READERS DIGEST ASSN
Common Stk
755267 10 1
520,725
13,100
13,100
11,300
1,800
RELIANT ENERGY
Common Stk
75952J 10 8
1,027,180
37,183
37,183
29,600
7,583
RGS ENERGY GROUP
Common Stk
74956K 10 4
313,438
11,800
11,800
9,100
2,700
ROCKWELL INTL CORP
Common Stk
774347 10 8
3,851,550
63,400
63,400
56,800
6,600
ROYAL DUTCH PETROLEUM
Common Stk
780257 80 4
240,277
3,988
3,988
3,688
300
SARA LEE CORP
Common Stk
803111 10 3
6,058,697
267,050
267,050
217,750
49,300
SBC COMMUNICATIONS
Common Stk
78387G 10 3
10,617,770
183,065
183,065
160,039
23,026
SCHERING PLOUGH COR
Common Stk
806605 10 1
5,221,860
99,464
99,464
89,564
9,900
SCHLUMBERGER LTD
Common Stk
806857 10 8
206,348
3,240
3,240
2,240
1,000
SEALED AIR CORPORATION
Common Stk
8121K1 10 0
1,054,089
16,248
16,248
12,735
3,513
SEARS ROEBUCK & CO
Common Stk
812387 10 8
4,408,568
98,930
98,930
80,080
18,850
SEMPRA ENERGY
Common Stk
816851 10 4
1,230,732
54,397
54,397
50,192
4,205
SERVICEMASTER CO
Common Stk
817615 10 7
4,715,194
251,477
251,477
206,264
45,213
SKYLINE CORP
Common Stk
830830 10 5
1,355,703
46,250
46,250
37,900
8,350
SMITHKLINE BEECHAM
Common Stk
832378 30 1
228,577
3,460
3,460
2,171
1,289
SOLUTIA INC
Common Stk
834376 10 5
275,784
12,940
12,940
12,740
200
SOUTH JERSEY INDS INC
Common Stk
838518 10 8
461,494
16,300
16,300
14,600
1,700
SOUTHERN COMPANY
Common Stk
842587 10 7
2,251,175
84,950
84,950
68,014
16,936
SOUTHWEST GAS CORP COM
Common Stk
844895 10 2
257,625
9,000
9,000
7,400
1,600
SPRINT CORPORATION
Common Stk
852061 10 0
6,049,950
114,150
114,150
93,462
20,688
SPRINT PCS GROUP
Common Stk
852061 50 6
1,469,175
25,775
25,775
20,753
5,022
ST JOSEPH LIGHT&POWER C
Common Stk
790654 10 7
223,450
10,900
10,900
8,900
2,000
ST PAUL COMPANIES I
Common Stk
792860 10 8
1,742,625
54,778
54,778
44,634
10,144
TECO ENERGY
Common Stk
872375 10 0
3,136,019
137,847
137,847
123,297
14,550
TENNECO INC
Common Stk
880370 10 1
2,039,474
85,423
85,423
73,050
12,373
TEXACO INCORPORATED
Common Stk
881694 10 3
1,054,138
16,900
16,900
16,200
700
TEXAS UTILITIES
Common Stk
882848 10 4
1,301,138
31,400
31,400
26,800
4,600
TEXTRON INCORPORATED
Common Stk
883203 10 1
4,226,747
51,350
51,350
45,850
5,500
TIMKEN COMPANY
Common Stk
887389 10 4
750,750
38,500
38,500
32,600
5,900
TRUE NORTH COMMUNIC
Common Stk
897844 10 6
5,283,065
177,582
177,582
148,282
29,300
TYCO INTL LTD
Common Stk
902124 10 6
933,856
9,856
9,856
8,751
1,105
U S TRUST CORP
Common Stk
91288L 10 5
749,250
8,100
8,100
7,500
600
U S X-MARATHON GROU
Common Stk
902905 82 7
4,384,313
134,643
134,643
111,928
22,715
U S X-US STEEL GROU
Common Stk
90337T 10 1
2,324,700
86,100
86,100
69,412
16,688
UNION CARBIDE CORP
Common Stk
905581 10 4
1,447,875
29,700
29,700
28,200
1,500
UNION PACIFIC CORP
Common Stk
907818 10 8
469,766
8,056
8,056
7,400
656
UNIVERSAL FOODS
Common Stk
913538 10 4
272,513
12,900
12,900
8,900
4,000
UNOCAL CORP DELAWARE
Common Stk
915289 10 2
884,866
22,331
22,331
18,331
4,000
US WEST COMMUNICATI
Common Stk
912889 10 2
3,969,679
67,569
67,569
57,873
9,696
UTILICORP UNITED IN
Common Stk
918005 10 9
1,974,175
81,200
81,200
74,650
6,550
VODAFONE GROUP PLC ADR
Common Stk
92857T 10 7
2,139,420
10,860
10,860
8,910
1,950
WACHOVIA CORP
Common Stk
929771 10 3
2,635,325
30,800
30,800
28,100
2,700
WAL-MART STORES INC
Common Stk
931142 10 3
7,467,363
154,764
154,764
127,364
27,400
WALLACE COMPUTER SVC
Common Stk
932270 10 1
750,000
30,000
30,000
26,900
3,100
WASHINGTON FEDERAL INC
Common Stk
938824 10 9
448,077
19,970
19,970
17,670
2,300
WARNER LAMBERT COMP
Common Stk
934488 10 7
5,879,081
85,050
85,050
83,550
1,500
WASHINGTON MUTUAL INC
Common Stk
939339 10 7
4,224,149
118,781
118,781
104,373
14,408
WASTE MANAGEMENT INC
Common Stk
94106K 10 1
2,254,514
41,944
41,944
34,205
7,739
WD-40 COMPANY
Common Stk
929236 10 7
1,839,150
73,566
73,566
65,966
7,600
WELLS FARGO
Common Stk
949740 10 4
3,181,455
74,420
74,420
64,020
10,400
WESTCOAST ENERGY IN
Common Stk
95751D 10 2
1,547,413
78,350
78,350
65,050
13,300
WESTERN RESOURCES I
Common Stk
959425 10 9
1,596,834
59,975
59,975
45,025
14,950
WEYERHAEUSER CO
Common Stk
962166 10 4
1,895,781
27,575
27,575
23,325
4,250
WHIRLPOOL CORP
Common Stk
963320 10 6
2,175,600
29,400
29,400
26,500
2,900
WILLIAMS COMPANIES
Common Stk
969457 10 0
2,789,972
66,550
66,550
61,850
4,700
WISCONSIN EGY CP HL
Common Stk
976657 10 6
392,253
15,651
15,651
14,151
1,500
WPS RESOURCES CORP
Common Stk
92931B 10 6
294,000
9,800
9,800
8,000
1,800
WORTHINGTON INDUSTRIES
Common Stk
981811 10 2
164,375
10,000
10,000
9,000
1,000
WRIGLEY WM JR CO
Common Stk
982526 10 5
230,193
2,581
2,581
1,581
1,000
XEROX CORP
Common Stk
984121 10 3
3,398,929
57,548
57,548
53,748
3,800
BAKER HUGHES INC CV DE
Conv Debt
057224 AH 0
740,000
1,000,000
1,000,000
1,000,000
-
05/05/08 0.00%
HEALTHSOUTH CORPORATI
Conv Debt
421924 AB 7
836,250
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
465,000
750,000
750,000
750,000
-
10/14/17 0.00%
Call 10/14/00, 59.029
HILTON HOTELS CP CV DE
Conv Debt
432848 AL 3
917,500
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
850,000
1,000,000
1,000,000
1,000,000
-
09/15/07 3.125%
Call 09/15/02, 101.56
PENNZOIL CO
Conv Debt
709903 BH 0
765,000
750,000
750,000
750,000
-
08/15/08 4.95%
POTOMAC ELECTRIC PW
Conv Debt
737679 BT 6
975,000
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
253,750
250,000
250,000
250,000
-
08/05/04 3.50 %
Call 08/05/99, 100
WMX TECHNOLOGIES
Conv Debt
92929Q AF 4
1,085,000
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
1,173,500
1,000,000
1,000,000
1,000,000
-
07/01/02 2.875%
Call 07/01/99, 100
COLUMN TOTALS
$ 814,075,821
SEC 1685 (5/91)
FORM 13F
(SEC USE ONLY)
Page
of
Name of Reporting Manger
4
Item 5:
Item 6:
5
Item 8
Item 1:
Item 2:
Item 3:
Item 4:
Shares of
Investment Discretion
Item 7:
Voting Authority (Shares)
Name of Issuer
Title of Class
CUSIP
Fair Market
Principal
(b) Shared-
Managers
Number
Value
Amount
(a) Sole
As Defined
(c) Shared-
See Instr. V
(a) Sole
(b)Shared
(c)None
In Instr. V
Other
COLUMN TOTALS
(c) ProFormWare, Inc. (561) 447-6684 SEC 1685 (5/91)
(c) ProFormWare, Inc. (561) 447-6684 SEC 1685 (5/91)
