UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 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: Boys, Arnold and Company
Address: P.O. Drawer 5255
Asheville, NC 28813-5255
13F File Number: 801-13200
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, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: John B. Kuhns
Title: Vice President
Phone: 828-274-1542
Signature, Place, and Date of Signing:
John B. Kuhns Asheville, North Carolina March 31, 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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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ABBOTT LABORATORIES COM 002824100 2652 56645 SH SOLE 56645
AEGON N.V. COM 007924103 207 2300 SH SOLE 2300
AFLAC COM 001055102 516 9480 SH SOLE 9480
AMER. HOME PRODUCTS COM 026609107 1989 30478 SH SOLE 30478
AMERICA ONLINE COM 02364J104 278 1888 SH SOLE 1888
AMERICAN EXPRESS COM 025816109 455 3860 SH SOLE 3860
AMERICAN INTERNATIONAL GROUP COM 026874107 361 2990 SH SOLE 2990
AMERITECH COM 030954101 495 8587 SH SOLE 8587
AMGEN COM 031162100 1614 21560 SH SOLE 21560
ANHEUSER BUSCH COM 035229103 582 7650 SH SOLE 7650
AT HOME COM 045919107 7863 49925 SH SOLE 49925
AT&T COM 001957109 7791 97622 SH SOLE 97622
AUTOMATIC DATA PROC. COM 053015103 4803 116085 SH SOLE 116085
AVERY DENNISON COM 053611109 408 7100 SH SOLE 7100
BAKER-HUGHES COM 057224107 219 9000 SH SOLE 9000
BANK OF AMERICA COM 060505104 7609 107735 SH SOLE 107735
BANK OF NEW YORK COM 064057102 266 7396 SH SOLE 7396
BB&T COM 054937107 3255 89936 SH SOLE 89936
BECTON DICKINSON COM 075887109 3687 96240 SH SOLE 96240
BELL ATLANTIC COM 077853109 1292 25006 SH SOLE 25006
BELLSOUTH COM 079860102 1310 32710 SH SOLE 32710
BERKSHIRE HATHAWAY - CL B COM 084670207 903 384 SH SOLE 384
BMC SOFTWARE COM 055921100 263 7100 SH SOLE 7100
BOEING COM 097023105 263 7750 SH SOLE 7750
BORDEN CHEM & PLASTIC COM 099541203 387 50000 SH SOLE 50000
BOSTON PRIVATE FINL HOLDING COM 101119105 229 31050 SH SOLE 31050
BP AMOCO PLC ADR 055622104 1773 17552 SH SOLE 17552
BRISTOL-MYERS SQUIBB COM 110122108 7466 116430 SH SOLE 116430
BROADCOM COM 111320107 376 6100 SH SOLE 6100
BROWNING FERRIS COM 115885105 16383 424848 SH SOLE 424848
BURR-BROWN COM 122574106 1636 69600 SH SOLE 69600
CAMPBELL SOUP CO COM 134429109 325 8000 SH SOLE 8000
CAPITAL ONE FINANCIAL COM 14040H105 886 5870 SH SOLE 5870
CAROLINA PWR & LIGHT COM 144141108 642 16966 SH SOLE 16966
CBS COM 12490K107 245 6000 SH SOLE 6000
CCB FINANCIAL COM 124875105 205 3800 SH SOLE 3800
CENTURA BANKS COM 15640T100 1730 29735 SH SOLE 29735
CHARLES SCHWAB COM 808513105 274 2850 SH SOLE 2850
CHEVRON COM 166751107 447 5038 SH SOLE 5038
CINCINNATI BELL COM 171870108 622 27734 SH SOLE 27734
CINTAS COM 172908105 1506 23030 SH SOLE 23030
CISCO SYSTEMS COM 17275R102 10586 96619 SH SOLE 96619
CITIGROUP COM 172967101 5734 89774 SH SOLE 89774
COCA-COLA COM 191216100 4818 78507 SH SOLE 78507
COLGATE-PALMOLIVE COM 194162103 1004 10915 SH SOLE 10915
COMPAQ COMPUTER COM 204493100 4693 148110 SH SOLE 148110
COMPUTER ASSOC. INTL COM 204912109 240 6750 SH SOLE 6750
CONAGRA COM 205887102 326 12706 SH SOLE 12706
CONVERGYS COM 212485106 679 39634 SH SOLE 39634
COX COMMUNICATIONS COM 224044107 529 7000 SH SOLE 7000
DATASTREAM SYSTEMS COM 238124101 315 36500 SH SOLE 36500
DIEBOLD COM 253651103 3634 151409 SH SOLE 151409
DIMON COM 254394109 109 28621 SH SOLE 28621
DOLLAR GENERAL COM 256669102 744 21875 SH SOLE 21875
DUKE POWER COM 264399106 1259 22966 SH SOLE 22966
DUPONT COM 263534109 2864 49330 SH SOLE 49330
DYNAMICS RESEARCH COM 268057106 65 12599 SH SOLE 12599
EAGLE PACIFIC INDUSTRIES COM 269719100 88 55000 SH SOLE 55000
ELI LILLY COM 532457108 6128 72196 SH SOLE 72196
EMC COM 268648102 346 2707 SH SOLE 2707
EMERSON ELECTRIC COM 291011104 570 10760 SH SOLE 10760
ENRON COM 293561106 408 6350 SH SOLE 6350
EXXON COM 302290101 7445 105509 SH SOLE 105509
FEDERAL NATL MTG ASSN COM 313586109 7246 104635 SH SOLE 104635
FIRST CHARTER COM 319439105 300 15787 SH SOLE 15787
FIRST UNION COM 337358105 3291 61586 SH SOLE 61586
FORD MOTOR CO. COM 345370100 210 3700 SH SOLE 3700
FORTUNE BRANDS COM 349631101 388 10083 SH SOLE 10083
FPL GROUP COM 302571104 295 5532 SH SOLE 5532
GANNETT COM 364730101 338 5366 SH SOLE 5366
GENERAL ELECTRIC COM 369604103 27222 246078 SH SOLE 246078
GENERAL MILLS COM 370334104 410 5423 SH SOLE 5423
GENTEX COM 371901109 4152 192550 SH SOLE 192550
GILLETTE COM 375766102 5175 87063 SH SOLE 87063
GLAXO WELCOME PLC ADR 37733W105 870 13000 SH SOLE 13000
GTE COM 362320103 991 16381 SH SOLE 16381
HEINZ COM 423074103 371 7825 SH SOLE 7825
HERSHEY FOODS COM 427866108 428 7640 SH SOLE 7640
HEWLETT PACKARD COM 428236103 7114 104914 SH SOLE 104914
HOME DEPOT COM 437076102 1386 22268 SH SOLE 22268
HOMEGOLD FINANCIAL COM 43740E104 390 270992 SH SOLE 270992
IKON OFFICE SOLUTIONS COM 451713101 1371 106992 SH SOLE 106992
ILLINOIS TOOL WORKS COM 452308109 4498 72696 SH SOLE 72696
INTEL COM 458140100 12320 103641 SH SOLE 103641
INTERNATIONAL BUSINESS MACHINE COM 459200101 7838 44221 SH SOLE 44221
INTERPUBLIC COM 460690100 5796 74422 SH SOLE 74422
JOHNSON & JOHNSON COM 478160104 8627 92272 SH SOLE 92272
KEANE COM 486665102 238 11150 SH SOLE 11150
KIMBERLY-CLARK COM 494368103 291 6080 SH SOLE 6080
LEXMARK COM 529771107 1415 12650 SH SOLE 12650
LOWES COMPANIES COM 548661107 17742 293260 SH SOLE 293260
LUCENT TECHNOLOGY COM 549463107 4489 41562 SH SOLE 41562
MC DONALDS COM 580135101 7040 155364 SH SOLE 155364
MCI WORLDCOM COM 98155K102 572 6457 SH SOLE 6457
MEDTRONIC COM 585055106 4537 63120 SH SOLE 63120
MERCK COM 589331107 5587 69733 SH SOLE 69733
MICROSOFT COM 594918104 923 10298 SH SOLE 10298
MINNESOTA MINING & MANUFACTUR COM 604059105 307 4338 SH SOLE 4338
MOBIL COM 607059102 3120 35453 SH SOLE 35453
MONSANTO COM 611662107 5849 127315 SH SOLE 127315
MOTOROLA COM 620076109 6686 91271 SH SOLE 91271
NETWORK APPLIANCE COM 64120L104 251 4950 SH SOLE 4950
NIKE INC -CL B COM 654106103 268 4650 SH SOLE 4650
NORFOLK SOUTHERN COM 655844108 463 17536 SH SOLE 17536
NORTHERN TELECOM LTD COM 656569100 6736 108420 SH SOLE 108420
OLD KENT FINANCIAL COM 679833103 237 5595 SH SOLE 5595
PEPSICO COM 713448108 5825 148640 SH SOLE 148640
PFIZER COM 717081103 6318 45532 SH SOLE 45532
PHILIP MORRIS COM 718154107 400 11365 SH SOLE 11365
PITNEY BOWES COM 724479100 682 10700 SH SOLE 10700
PROCTER & GAMBLE COM 742718109 3235 33035 SH SOLE 33035
PROTECTIVE LIFE COM 743674103 6198 163633 SH SOLE 163633
PROVIDIAN COM 74406A102 462 4200 SH SOLE 4200
QUAKER OATS COM 747402105 349 5600 SH SOLE 5600
RESORTQUEST INTERNATIONAL COM 761183102 295 18427 SH SOLE 18427
ROYAL DUTCH COM 780257804 3893 74865 SH SOLE 74865
SARA LEE COM 803111103 5524 223175 SH SOLE 223175
SBC COMMUNICATIONS COM 78387G103 1140 24163 SH SOLE 24163
SCHERING PLOUGH COM 806605101 5458 98790 SH SOLE 98790
SCHLUMBERGER COM 806857108 3380 56161 SH SOLE 56161
SCHULMAN A COM 808194104 243 17800 SH SOLE 17800
SHAW INDUSTRIES COM 820286102 2059 111300 SH SOLE 111300
SHERWIN-WILLIAMS COM 824348106 472 16800 SH SOLE 16800
SMITHKLINE BEECHAM PLC ADR 832378301 386 5400 SH SOLE 5400
SONOCO PRODUCTS COM 835495102 1146 49819 SH SOLE 49819
SOUTHERN COMMUNITY BANK & TRUS COM 842630105 378 13750 SH SOLE 13750
SOUTHTRUST COM 844730101 4459 119499 SH SOLE 119499
STRYKER COM 863667101 1420 28150 SH SOLE 28150
SUN MICROSYSTEMS COM 866810104 617 4930 SH SOLE 4930
SUN TRUST BANKS COM 867914103 452 7254 SH SOLE 7254
SYSCO COM 871829107 1308 49696 SH SOLE 49696
TEXAS INSTRUMENTS COM 882508104 3079 31023 SH SOLE 31023
TIMES MIRROR CO. CL A COM 887364107 704 13000 SH SOLE 13000
TOSCO COM 891490302 236 9500 SH SOLE 9500
TRICOM SA COM 89612A100 2002 242700 SH SOLE 242700
U.S. BANCORP COM 902973106 265 7779 SH SOLE 7779
UNISOURCE WORLDWIDE COM 909208100 265 37216 SH SOLE 37216
US WEST COM 91273H101 332 6033 SH SOLE 6033
WACHOVIA COM 929771103 3929 48393 SH SOLE 48393
WAL-MART COM 931142103 10512 114025 SH SOLE 114025
WALGREEN COM 931422109 1221 43208 SH SOLE 43208
WALT DISNEY COM 254687106 3307 106251 SH SOLE 106251
WARNER-LAMBERT COM 934488107 757 11420 SH SOLE 11420
WATSON PHARMACEUTICAL COM 942683103 541 12250 SH SOLE 12250
WILLIAMS COMPANIES COM 969457100 752 19050 SH SOLE 19050
XOMA COM G9825R107 34 11000 SH SOLE 11000
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