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: September 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 November 9, 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: 72
Form 13F Information Table Value Total: $287,921
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 13104104 11790 298000 SH SOLE 270500 0 27500
D ALLIEDSIGNAL INC COM 19512102 2421 40400 SH SOLE 39100 0 1300
D AMERICAN EXPRESS CO COM 25816109 4847 35900 SH SOLE 34700 0 1200
D AMERICAN HOME PRODS CORP COM 26609107 5084 122500 SH SOLE 122500 0
D AMERICAN INTL GROUP INC COM 26874107 4626 53215 SH SOLE 51403 0 1812
D AMERITECH CORP NEW COM 30954101 13 200 SH SOLE 200 0
D AT&T CORP COM 1957109 50 1155 SH SOLE 1155 0
D BAKER HUGHES INC COM 57224107 2558 88200 SH SOLE 85100 0 3100
D BECTON DICKINSON & CO COM 75887109 9712 346100 SH SOLE 323200 0 22900
D BELLSOUTH CORP COM 79860102 14 304 SH SOLE 304 0
D BERKSHIRE HATHAWAY INC D COM 84670207 2726 1469 SH SOLE 1469 0
D BESTFOODS COM 08658U101 5046 103900 SH SOLE 79900 0 24000
D BOEING CO COM 97023105 4906 115100 SH SOLE 111000 0 4100
D BP AMOCO P L C COM 55622104 117 1058 SH SOLE 1058 0
D BRISTOL MYERS SQUIBB CO COM 110122108 4914 72800 SH SOLE 70700 0 2100
D BURLINGTON NORTHN SANTA COM 12189T104 50 1800 SH SOLE 1800 0
D BURLINGTON RES INC COM 122014103 4 104 SH SOLE 104 0
D CHEVRON CORPORATION COM 166751107 151 1700 SH SOLE 1700 0
D CITIGROUP INC COM 172967101 5135 116700 SH SOLE 113100 0 3600
D COCA COLA CO COM 191216100 29 600 SH SOLE 600 0
D COMPUTER SCIENCES CORP COM 205363104 9120 129700 SH SOLE 126900 0 2800
D CONAGRA INC COM 205887102 4339 192300 SH SOLE 184400 0 7900
D CONOCO INC COM 208251306 222 8000 SH SOLE 8000 0
D DELPHI AUTOMOTIVE SYS CO COM 247126105 2107 131200 SH SOLE 126000 0 5200
D DOW CHEM CO COM 260543103 14 126 SH SOLE 126 0
D DU PONT E I DE NEMOURS & COM 263534109 7127 117800 SH SOLE 115900 0 1900
D EASTMAN KODAK CO COM 277461109 7 99 SH SOLE 99 0
D ELECTRONIC DATA SYS NEW COM 285661104 5151 97300 SH SOLE 94600 0 2700
D EMERSON ELEC CO COM 291011104 7134 112900 SH SOLE 110400 0 2500
D EXXON CORP COM 302290101 8050 105916 SH SOLE 103416 0 2500
D FEDERAL HOME LN MTG CORP COM 313400301 9828 189000 SH SOLE 166800 0 22200
D FEDERAL NATL MTG ASSN COM 313586109 9748 155500 SH SOLE 152900 0 2600
D FORTUNE BRANDS INC COM 349631101 7 224 SH SOLE 224 0
D GENERAL ELEC CO COM 369604103 11214 94580 SH SOLE 92880 0 1700
D GENERAL MLS INC COM 370334104 97 1200 SH SOLE 1200 0
D GTE CORP COM 362320103 123 1600 SH SOLE 1600 0
D HERCULES INC COM 427056106 7070 247000 SH SOLE 239900 0 7100
D HEWLETT PACKARD CO COM 428236103 4011 44200 SH SOLE 42800 0 1400
D HUSSMANN INTL INC COM 448990101 1 63 SH SOLE 63 0
D INTEL CORP COM 458140100 7112 95700 SH SOLE 90800 0 4900
D INTERNATIONAL BUSINESS M COM 459200101 4114 34000 SH SOLE 31200 0 2800
D INTERNATIONAL HOME FOODS COM 459655106 3150 180000 SH SOLE 173400 0 6600
D JOHNSON & JOHNSON COM 478160104 8673 94400 SH SOLE 93700 0 700
D KIMBERLY CLARK CORP COM 494368103 10418 197500 SH SOLE 192900 0 4600
D MARSH & MCLENNAN COS INC COM 571748102 54 787 SH SOLE 787 0
D MATTEL INC COM 577081102 5958 313600 SH SOLE 305200 0 8400
D MCI WORLDCOM INC COM 55268B106 4729 65800 SH SOLE 65800 0
D MERCK & CO INC COM 589331107 207 3200 SH SOLE 3200 0
D MINNESOTA MNG & MFG CO COM 604059105 106 1100 SH SOLE 1100 0
D NORDSTROM INC COM 655664100 54 2000 SH SOLE 2000 0
D NORTHRIM BK ALASKA COM 666764105 675 70576 SH SOLE 70576 0
D PACIFICORP COM 695114108 18 900 SH SOLE 900 0
D PARKER HANNIFIN CORP COM 701094104 2335 52100 SH SOLE 50400 0 1700
D PEPSI BOTTLING GROUP INC COM 713409100 6898 404300 SH SOLE 392000 0 12300
D PEPSICO INC COM 713448108 10193 334200 SH SOLE 295800 0 38400
D PHARMACIA & UPJOHN INC COM 716941109 10793 217500 SH SOLE 213000 0 4500
D PRAXAIR INC COM 74005P104 5791 125900 SH SOLE 122500 0 3400
D PUBLIC SERVICE ENTERPRIS COM 744996109 35 900 SH SOLE 900 0
D SAFECO CORP COM 786429100 252 9000 SH SOLE 9000 0
D SBC COMMUNICATIONS INC COM 78387G103 7920 155104 SH SOLE 151304 0 3800
D SCHLUMBERGER LTD COM 806857108 7515 120600 SH SOLE 117200 0 3400
D SHERWIN WILLIAMS CO COM 824348106 3643 174000 SH SOLE 168100 0 5900
D TEXTRON INC COM 883203101 31 400 SH SOLE 400 0
D TRICON GLOBAL RESTAURANT COM 895953107 11 270 SH SOLE 270 0
D UNION PAC CORP COM 907818108 1999 41600 SH SOLE 41600 0
D UNOCAL CORP COM 915289102 3758 101400 SH SOLE 97200 0 4200
D UNUMPROVIDENT CORP COM 91529Y106 6626 225100 SH SOLE 205900 0 19200
D US BANCORP DEL COM 902973106 10750 356100 SH SOLE 334500 0 21600
D WASHINGTON MUT INC COM 939322103 4756 162600 SH SOLE 155100 0 7500
D WEYERHAEUSER CO COM 962166104 13 222 SH SOLE 222 0
D WHITMAN CORP NEW COM 96647R107 2 126 SH SOLE 126 0
D XEROX CORP COM 984121103 9767 232900 SH SOLE 229200 0 3700
S REPORT SUMMARY 72 DATA RECORDS 287921 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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