UNITED STATES
SECURITIES AND EXCHANGE COMMISISON
Washington, D.C. 20549
FORM 13F-HR
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Kennedy Associates, Inc.
Address: 1215 Fourth Avenue
2400 Financial Center
Seattle, WA 98161
13F File Number: 34-14852
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, list, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: James H. Griffin
Title: Executive Vice President, Secretary/Treasurer
Phone: 206-624-9640
Signature, Please, and Date of Signing:
James H. Griffin Seattle, Washington August 5, 1999
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION 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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13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 75
Form 13F Information Table Value Total: $287,771
List of Other Included Managers:
No. 13F File Number Name
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<TABLE>
VALUE SHARES/ SH/ PUT/ INVSMT OTHER -----VOTING AUTHORITY-----
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
<C> <C>
D ALBERTSONS INC COM 013104104 13561 263000 SH SOLE 239200 0 23800
D ALLIEDSIGNAL INC COM 019512102 2608 41400 SH SOLE 39700 0 1700
D AMERICAN EXPRESS CO COM 025816109 4671 35900 SH SOLE 35000 0 900
D AMERICAN INTL GROUP INC COM 026874107 5115 43625 SH SOLE 41800 0 1825
D AMERITECH CORP NEW COM 030954101 15 200 SH SOLE 0 0 200
D AT&T CORP COM 001957109 64 1155 SH SOLE 0 0 1155
D BAKER HUGHES INC COM 057224107 3025 90300 SH SOLE 86500 0 3800
D BECTON DICKINSON & CO COM 075887109 10302 343400 SH SOLE 320500 0 22900
D BELLSOUTH CORP COM 079860102 14 304 SH SOLE 0 0 304
D BERKSHIRE HATHAWAY INC D COM 084670207 3291 1469 SH SOLE 1469 0 0
D BESTFOODS COM 08658U101 4995 100900 SH SOLE 79900 0 21000
D BOEING CO COM 097023105 5183 117800 SH SOLE 112700 0 5100
D BP AMOCO P L C COM 055622104 115 1058 SH SOLE 0 0 1058
D BRISTOL MYERS SQUIBB CO COM 110122108 8396 119200 SH SOLE 109400 0 9800
D BURLINGTON NORTHN SANTA COM 12189T104 56 1800 SH SOLE 0 0 1800
D BURLINGTON RES INC COM 122014103 4 104 SH SOLE 0 0 104
D CHEVRON CORPORATION COM 166751107 162 1700 SH SOLE 0 0 1700
D COCA COLA CO COM 191216100 37 600 SH SOLE 600 0 0
D COLGATE PALMOLIVE CO COM 194162103 2019 20500 SH SOLE 20500 0 0
D COMPUTER SCIENCES CORP COM 205363104 12073 174500 SH SOLE 162900 0 11600
D CONAGRA INC COM 205887102 5053 189800 SH SOLE 181900 0 7900
D CONOCO INC COM 208251306 223 8000 SH SOLE 8000 0 0
D DELPHI AUTOMOTIVE SYS COM 247126105 2390 129200 SH SOLE 124000 0 5200
D DOW CHEMICAL COMPANY COM 260543103 16 126 SH SOLE 0 0 126
D DU PONT E I DE NEMOURS & COM 263534109 8150 119300 SH SOLE 116800 0 2500
D EASTMAN KODAK CO COM 277461109 7 99 SH SOLE 0 0 99
D ELECTRONIC DATA SYSTEM COM 285661104 5510 97300 SH SOLE 94600 0 2700
D EMERSON ELEC CO COM 291011104 7219 114700 SH SOLE 111300 0 3400
D EXXON CORP COM 302290101 8038 104216 SH SOLE 100800 0 3416
D FEDERAL HOME LN MTG CORP COM 313400301 9587 165300 SH SOLE 162200 0 3100
D FEDERAL NATL MTG ASSN COM 313586109 10033 147000 SH SOLE 143800 0 3200
D FORTUNE BRANDS INC COM 349631101 9 224 SH SOLE 0 0 224
D GENERAL ELEC CO COM 369604103 14586 129080 SH SOLE 122300 0 6780
D GENERAL MILLS INC COM 370334104 96 1200 SH SOLE 0 0 1200
D GTE CORP COM 362320103 121 1600 SH SOLE 0 0 1600
D HERCULES INC COM 427056106 5563 141500 SH SOLE 135000 0 6500
D HEWLETT PACKARD CO COM 428236103 8924 88800 SH SOLE 84900 0 3900
D HUSSMANN INTL INC COM 448990101 1 63 SH SOLE 0 0 63
D INTEL CORP COM 458140100 5694 95700 SH SOLE 90800 0 4900
D INTERNATIONAL BUS MACH COM 459200101 4395 34000 SH SOLE 30000 0 4000
D INTERNATIONAL HOME FOODS COM 459655106 3404 184600 SH SOLE 175900 0 8700
D JOHNSON & JOHNSON COM 478160104 9251 94400 SH SOLE 93700 0 700
D KIMBERLY CLARK CORP COM 494368103 8396 147300 SH SOLE 142700 0 4600
D MARSH & MCLENNAN COS INC COM 571748102 60 787 SH SOLE 0 0 787
D MCI WORLDCOM INC COM 55268B106 2444 28400 SH SOLE 28400 0 0
D MERCK & CO INC COM 589331107 236 3200 SH SOLE 0 0 3200
D MINNESOTA MNG & MFG CO COM 604059105 96 1100 SH SOLE 0 0 1100
D NORDSTROM INC COM 655664100 67 2000 SH SOLE 0 0 2000
D NORTHRIM BK ALASKA COM 666764105 776 70576 SH SOLE 70576 0 0
D PACIFICORP COM 695114108 17 900 SH SOLE 0 0 900
D PARKER HANNIFIN CORP COM 701094104 2443 53400 SH SOLE 51200 0 2200
D PEPSI BOTTLING GROUP COM 713409100 7049 304800 SH SOLE 294700 0 10100
D PEPSICO INC COM 713448108 4287 110800 SH SOLE 103900 0 6900
D PHARMACIA & UPJOHN INC COM 716941109 12533 220600 SH SOLE 215000 0 5600
D PHILIP MORRIS COS COM 718154107 2102 52300 SH SOLE 50500 0 1800
D PRAXAIR INC COM 74005P104 6269 128100 SH SOLE 123700 0 4400
D PUBLIC SERVICE ENTERPRIS COM 744996109 38 900 SH SOLE 0 0 900
D SAFECO CORP COM 786429100 397 9000 SH SOLE 0 0 9000
D SAKS INC COM 79377W108 2457 85100 SH SOLE 80900 0 4200
D SBC COMMUNICATIONS INC COM 78387G103 6635 114404 SH SOLE 108400 0 6004
D SCHLUMBERGER LTD COM 806857108 7681 120600 SH SOLE 117200 0 3400
D SEAGATE TECHNOLOGY COM 811804103 1760 68700 SH SOLE 65300 0 3400
D SEARS ROEBUCK & CO COM 812387108 6105 137000 SH SOLE 131500 0 5500
D SHERWIN WILLIAMS CO COM 824348106 4873 175600 SH SOLE 168100 0 7500
D SYSCO CORP COM 871829107 1607 53900 SH SOLE 53900 0 0
D TEXTRON INC COM 883203101 33 400 SH SOLE 0 0 400
D TRICON GLOBAL RESTAURANT COM 895953107 15 270 SH SOLE 0 0 270
D UNION PAC CORP COM 907818108 2496 42800 SH SOLE 42300 0 500
D UNOCAL CORP COM 915289102 3959 99900 SH SOLE 97900 0 2000
D UNUMPROVIDENT CORP COM 91529Y106 2332 42600 SH SOLE 40700 0 1900
D US BANCORP DEL COM 902973106 9048 271100 SH SOLE 252200 0 18900
D WASHINGTON MUTUAL INC COM 939322103 5868 165000 SH SOLE 157500 0 7500
D WELLS FARGO & CO NEW COM 949746101 1701 39800 SH SOLE 37900 0 1900
D WEYERHAEUSER CO COM 962166104 15 222 SH SOLE 0 0 222
D WHITMAN CORP NEW COM 96647R107 2 126 SH SOLE 0 0 126
S REPORT SUMMARY 75 DATA RECORDS 287771 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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