UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washinton, D.C. 20549
Form 13F
FORM 13F COVER PAGE
Report for the Semi-Annual 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: Northeast Partners
Address: 50 Congress Street
Suite 1000
Boston, MA 02109
13F File Number:
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.
Perosn signing this Report on behalf of Reporting Manager:
Name: William Oates
Title: Trustee
Phone: 617-523-3588
Signature, Place, and Date of Signing:
William Oates, Boston, MA November 15, 1999
Report Type (Check if 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.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Othe Included Managers: 1
Form 13F Information Table Entry Total:
Form 13F Information Table Value Total:
List of Other Included Managers:
Name: Ernest E. Monrad
Title: Trustee
Phone: 617-523-3588
Signature, Place, and Date of Signing:
Ernest E. Monrad, Boston, MA November 15, 1999
Trustee
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REM870 FORM 13F AS OF 9/30/1999
From Account through 9999999
<S> <C> <C> <C> <C> <C>
Item 6 Item 8
Item 1 Item 3 Item 4 Item 5 Investment Discretion Voting Authority
______________ _____ _________________ _____________________ ________ ________
COMMON STOCKS
DIAMLERCHRYSLER AG D1668R123 25,970.00 374.000 374.000 374.000
PANAMERICAN BEVERAGES INC-A P74823108 19,875.00 1,200.000 1,200.000 1,200.000
AFC CABLE SYSTEM 000950105 31,875.00 750.000 750.000 750.000
AFLAC INC. 001055102 112,727.00 2,692.000 2,692.000 2,692.000
AGL RESOURCES 001204106 6,500.00 400.000 400.000 400.000
AT&T CORP 001957109 1,514,886.00 34,675.000 34,675.000 34,675.000
ABBOTT LABORATORIES 002824100 7,959,184.00 216,945.000 216,945.000 216,945.000
ACNIELSON CORP 004833109 7,555.00 333.000 333.000 333.000
ADOBE SYSTEMS 00724F101 681,000.00 6,000.000 6,000.000 6,000.000
ADVANTICA RESTAURANT 00758B109 7,578.00 2,500.000 2,500.000 2,500.000
AEGON N V ADR 007924103 60,637.00 701.000 701.000 701.000
AGRIBRANDS INTERNATIONAL INC 00849R105 14,441.00 291.000 291.000 291.000
AIR PRODUCTS & CHEMICAL 009158106 346,613.00 11,850.000 11,850.000 11,850.000
ALBERTSONS INC DEL 013104104 121,654.00 3,075.000 3,075.000 3,075.000
ALCAN ALUMINIUM LTD 013716105 24,465.00 760.000 760.000 760.000
ALCOA INC 013817101 54,615.00 880.000 880.000 880.000
ALLAIRE CORP 016714107 13,832.00 247.000 247.000 247.000
ALLEGHENY ENERGY INC 017361106 19,440.00 576.000 576.000 576.000
ALLEGHENY POWER SYS 017411109 2,825.00 100.000 100.000 100.000
ALLIANCE FUND 01859K105 3,452.00 536.000 536.000 536.000
ALLIED SIGNAL 019512102 124,670.00 2,080.000 2,080.000 2,080.000
ALLSTATE CORP 020002101 176,708.00 7,086.000 7,086.000 7,086.000
ALLTEL CORP 020039103 185,438.00 2,635.000 2,635.000 2,635.000
ALCOA 022249106 248.00 4.000 4.000 4.000
ALZA CORP CLASS A 022615108 64,219.00 1,500.000 1,500.000 1,500.000
AMERADA HESS 023551104 50,225.00 820.000 820.000 820.000
AMERICA ONLINE INC 02364J104 10,011,857.00 96,210.000 96,210.000 96,210.000
AMERICAN ELEC PWR CO 025537101 51,326.00 1,504.000 1,504.000 1,504.000
AMERICAN EXPRESS CO 025816109 2,338,470.00 17,322.000 17,322.000 17,322.000
AMERICAN GENERAL 026351106 103,857.00 1,642.000 1,642.000 1,642.000
AMER HOME PRODUCTS 026609107 9,276,082.00 223,520.000 223,520.000 223,520.000
AMER INTERNTL GROUP 026874107 12,098,351.00 139,160.000 139,160.000 139,160.000
AMERICAN STANDARD COS INC 029712106 3,863.00 100.000 100.000 100.000
AMERICAN SUPERCONDUCTOR CORP 030111108 6,500.00 500.000 500.000 500.000
AMERITECH 030954101 899,790.00 13,480.000 13,480.000 13,480.000
AMGEN INC 031162100 579,873.00 7,115.000 7,115.000 7,115.000
AMPCO-PITTSBURGH CORP 032037103 12,150.00 900.000 900.000 900.000
ANADARKO PETE CORP 032511107 38,509.00 1,260.000 1,260.000 1,260.000
ANALOG DEVICES 032654105 222,066.00 4,333.000 4,333.000 4,333.000
ANHEUSER BUSCH 035229103 820,013.00 11,704.000 11,704.000 11,704.000
APPLE COMPUTER INC 037833100 122,826.00 1,940.000 1,940.000 1,940.000
ARCHER DANIELS MIDLD 039483102 69,962.00 5,770.000 5,770.000 5,770.000
ARGUSS HOLDINGS INC 040282105 29,500.00 2,000.000 2,000.000 2,000.000
ARIAD PHARMACEUTICALS INC 04033A100 96,216.00 133,857.000 133,857.000 133,857.000
ARMSTRONG WORLD INDS INC 042476101 29,209.00 650.000 650.000 650.000
ARROW ELECTRONICS 042735100 9,694.00 550.000 550.000 550.000
ASHLAND INC 044204105 5,784.00 150.000 150.000 150.000
ASPEN TECHNOLOGY INC 045327103 3,395.00 100.000 100.000 100.000
ASSOCIATES FIRST CAPITAL 046008108 31,536.00 876.000 876.000 876.000
ATLANTIC RICHFIELD 048825103 938,717.00 10,592.000 10,592.000 10,592.000
REM870 FORM 13F AS OF 9/30/1999 15:43:12 11/16/1999
Page 2
Item 6 Item 8
Item 1 Item 3 Item 4 Item 5 Investment Discretion Voting Authority
______________ _____ _________________ _____________________ ________ ________
COMMON STOCKS
AUTOMATIC DATA PROCESSING 053015103 1,836,320.00 41,150.000 41,150.000 41,150.000
AUTONATION INC 05329W102 3,750.00 300.000 300.000 300.000
AVERY-DENNISON CORP 053611109 726,631.00 13,775.000 13,775.000 13,775.000
AVNET INC 053807103 2,212.00 50.000 50.000 50.000
AZTAR CORP 054802103 5,125.00 500.000 500.000 500.000
BP AMOCO PLC 055622104 4,477,822.00 40,409.000 40,409.000 40,409.000
BANK OF AMERICA CORP 060505104 2,157,001.00 38,734.000 38,734.000 38,734.000
BANK OF NEW YORK CO INC 064057102 1,205,096.00 36,040.000 36,040.000 36,040.000
BANC ONE CORP 06423A103 240,485.00 6,908.000 6,908.000 6,908.000
BANKAMERICA CORP 06605F102 30,177.00 440.000 440.000 440.000
BANKBOSTON CORP 06605R106 25,764,920.00 594,003.000 594,003.000 594,003.000
BANK AMERICA CORP 066050105 46,802.00 970.000 970.000 970.000
BAXTER INTERNATIONAL INC 071813109 139,239.00 2,311.000 2,311.000 2,311.000
BECTON DICKINSON 075887109 50,513.00 1,800.000 1,800.000 1,800.000
BELL ATLANTIC CORP 077853109 2,836,078.00 42,133.000 42,133.000 42,133.000
BELLSOUTH CORP 079860102 1,319,040.00 29,312.000 29,312.000 29,312.000
BELO A H CORP 080555105 748,514.00 39,138.000 39,138.000 39,138.000
BEMIS COMPANY 081437105 436,988.00 12,900.000 12,900.000 12,900.000
BERKSHIRE HATHAWAY INC-A 084670108 4,675,000.00 85.000 85.000 85.000
BERKSHIRE HATHAWAY INC-B 084670207 1,533,056.00 826.000 826.000 826.000
BEST BUY 086516101 403,000.00 6,500.000 6,500.000 6,500.000
BESTFOODS 08658U101 135,976.00 2,800.000 2,800.000 2,800.000
BIOGEN INC 090597105 63,050.00 800.000 800.000 800.000
THE BOEING COMPANY 097023105 56,904.00 1,335.000 1,335.000 1,335.000
BOISE CASCADE OFFICE PRODUCT 097403109 5,709.00 525.000 525.000 525.000
BOSTON ACOUSTICS INC 100534106 6,050.00 400.000 400.000 400.000
BOSTON PRIVATE BANCORP 101119105 8,937.00 1,000.000 1,000.000 1,000.000
BOSTON SCIENTIFIC CORP 101137107 126,365.00 5,290.000 5,290.000 5,290.000
BOWNE & CO INC 103043105 4,850.00 400.000 400.000 400.000
BRISTOL MYERS SQUIBB CO 110122108 19,477,599.00 288,557.000 288,557.000 288,557.000
BROWNE & SHARPE 115223109 475.00 200.000 200.000 200.000
BROWN FORMAN DIST A 115637100 2,828,041.00 48,550.000 48,550.000 48,550.000
BROWN FORMAN DIST B 115637209 432,820.00 6,939.000 6,939.000 6,939.000
BRUNSWICK CORP 117043109 8,112.00 416.000 416.000 416.000
BURLINGTON NORTHERN SANTA FE 12189T104 62,700.00 2,280.000 2,280.000 2,280.000
BURLINGTON RESOURCES 122014103 31,973.00 870.000 870.000 870.000
CAIS US 12476Q102 12,062.00 1,000.000 1,000.000 1,000.000
CCB FINANCIAL CORP 124875105 59,274.00 1,424.000 1,424.000 1,424.000
CBS CORPORATION 12490K107 118,400.00 2,560.000 2,560.000 2,560.000
CECO ENVIROMENTAL CORP 125141101 22,168.00 8,250.000 8,250.000 8,250.000
CIGNA CORP 125509109 412,853.00 5,310.000 5,310.000 5,310.000
CML GROUP 125820100 5.00 575.000 575.000 575.000
C S X CORP 126408103 226,496.00 5,345.000 5,345.000 5,345.000
CVS CORP 126650100 1,491,291.00 36,540.000 36,540.000 36,540.000
CABOT CORP 127055101 127,063.00 5,350.000 5,350.000 5,350.000
CABOT OIL & GAS CORP 127097103 34,500.00 2,000.000 2,000.000 2,000.000
CACI INTL INC CL A 127190304 14,918.00 700.000 700.000 700.000
CADBURY SCHWEPPES PLC 127209302 18,495.00 668.000 668.000 668.000
CALCOMP TECHNOLOGY INC 128701109 2.00 150.000 150.000 150.000
CAMBRIDGE BANCORP 132152109 2,387,416.00 33,864.000 33,864.000 33,864.000
CAMPBELL SOUP CO 134429109 448,764.00 11,470.000 11,470.000 11,470.000
REM870 FORM 13F AS OF 9/30/1999 15:43:12 11/16/1999
Page 3
Item 6 Item 8
Item 1 Item 3 Item 4 Item 5 Investment Discretion Voting Authority
______________ _____ _________________ _____________________ ________ ________
COMMON STOCKS
CANADIAN PACIFIC LTD NEW 135923100 13,687.00 600.000 600.000 600.000
CARDINAL HEALTH INC 14149Y108 17,134.00 314.000 314.000 314.000
CAREMARK INTERNATIONAL INC 141704106 1,500.00 64.000 64.000 64.000
CARLISLE COS INC 142339100 51,350.00 1,300.000 1,300.000 1,300.000
CAROLINA PWR & LIGHT 144141108 3,538.00 100.000 100.000 100.000
CATELLUS DEVELOPMENT CORP 149111106 2,703.00 230.000 230.000 230.000
CATERPILLAR TRACTOR 149123101 167,441.00 3,055.000 3,055.000 3,055.000
CENTRL & SWEST CORP 152357109 323,557.00 14,656.000 14,656.000 14,656.000
CENTRAL NEWSPAPERS CL A 154647101 13,350.00 300.000 300.000 300.000
CHAMPION INTL CORP 158525105 2,825.00 55.000 55.000 55.000
CHASE MANHATTAN CORP NEW 16161A108 4,722,191.00 62,649.000 62,649.000 62,649.000
CHEVRON CORP 166751107 9,891,110.00 111,449.000 111,449.000 111,449.000
CHOICEPOINT INC 170388102 21,560.00 320.000 320.000 320.000
CHUBB CORPORATION 171232101 5,739,095.00 115,649.000 115,649.000 115,649.000
CINCINNATI FINANCIAL CP 172062101 556,589.00 14,830.000 14,830.000 14,830.000
CIRCUIT CITY STORES 172737108 33,150.00 800.000 800.000 800.000
CISCO SYSTEMS INC 17275R102 34,757,334.00 506,876.000 506,876.000 506,876.000
CITIGROUP INC 172967101 4,118,505.00 93,533.000 93,533.000 93,533.000
CITIZENS UTILITY CLASS B 177342201 140,151.00 12,389.000 12,389.000 12,389.000
CLOROX COMPANY 189054109 810,900.00 21,200.000 21,200.000 21,200.000
COCA COLA 191216100 12,509,469.00 259,263.000 259,263.000 259,263.000
COCA COLA ENTERPRISES 191219104 20,306.00 900.000 900.000 900.000
COHERENT INC 192479103 56,897.00 2,550.000 2,550.000 2,550.000
COLGATE PALMOLIVE 194162103 611,586.00 13,368.000 13,368.000 13,368.000
COLONIAL GAS CO 195674106 .00 150.000 150.000 150.000
COMCAST CORP CLASS A 200300101 54,094.00 1,500.000 1,500.000 1,500.000
COMCAST CORP SPECIAL CL A 200300200 187,413.00 4,700.000 4,700.000 4,700.000
COMERICA INC 200340107 10,125.00 200.000 200.000 200.000
COMMERCE BANCSHARES INC 200525103 112,740.00 3,187.000 3,187.000 3,187.000
COMMERCIAL FEDERAL CORP 201647104 43,175.00 2,200.000 2,200.000 2,200.000
COMM FIRST BANKSHARES 203902101 38,813.00 2,300.000 2,300.000 2,300.000
COMPAQ COMPUTER CORP 204493100 847,748.00 36,718.000 36,718.000 36,718.000
COMPUTER ASSOCIATES INTL INC 204912109 41,259.00 675.000 675.000 675.000
CONCORD COMMUNICATIONS 206186108 91,425.00 2,300.000 2,300.000 2,300.000
CONOCO INC 208251405 1,431,542.00 52,388.000 52,388.000 52,388.000
CONSOLIDATED NATURAL GAS 209615103 49,900.00 800.000 800.000 800.000
CONSOLIDATED PAPERS INC 209759109 4,793.00 180.000 180.000 180.000
CONSTELLATION ENERGY 210371100 89,859.00 3,195.000 3,195.000 3,195.000
COOPER INDUSTRIES 216669101 44,274.00 947.000 947.000 947.000
COOPER TIRE & RUBBER 216831107 2,850.00 150.000 150.000 150.000
CORNING INC 219350105 404,520.00 5,900.000 5,900.000 5,900.000
COSTCO COMPANIES INC 22160Q102 360,000.00 5,000.000 5,000.000 5,000.000
COVANCE INC 222816100 2,664.00 275.000 275.000 275.000
COX COMMUNICATIONS INC CLASS A 224044107 1,403,595.00 33,619.000 33,619.000 33,619.000
A T CROSS 227478104 838.00 200.000 200.000 200.000
CROWN CORK & SEAL CO INC 228255105 5,820.00 240.000 240.000 240.000
DANA CORPORATION 235811106 73,879.00 1,990.000 1,990.000 1,990.000
DARDEN RESTAURANTS, INC 237194105 282,681.00 14,450.000 14,450.000 14,450.000
DARLING DELAWARE COMMON STOCK 237266101 1,650.00 1,200.000 1,200.000 1,200.000
DAYTON-HUDSON CORP 239753106 139,125.00 3,000.000 3,000.000 3,000.000
DEERE & CO 244199105 15,475.00 400.000 400.000 400.000
REM870 FORM 13F AS OF 9/30/1999 15:43:12 11/16/1999
Page 4
Item 6 Item 8
Item 1 Item 3 Item 4 Item 5 Investment Discretion Voting Authority
______________ _____ _________________ _____________________ ________ ________
COMMON STOCKS
DELL COMPUTER 247025109 2,787,391.00 66,664.000 66,664.000 66,664.000
DELPHI AUTOMOTIVE SYSTEMS 247126105 33,539.00 2,088.000 2,088.000 2,088.000
DELTA AIRLINES 247361108 60,974.00 1,200.000 1,200.000 1,200.000
DELUXE CORP 248019101 25,500.00 750.000 750.000 750.000
DIEBOLD INC 253651103 752,703.00 32,549.000 32,549.000 32,549.000
DIGITAL RIVER 25388B104 2,175.00 100.000 100.000 100.000
DILLARDS INC-CL A 254067101 4,113.00 175.000 175.000 175.000
DISNEY (WALT) PRODUCTIONS 254687106 11,972,147.00 460,467.000 460,467.000 460,467.000
DOMINION RES INC 257470104 133,435.00 2,957.000 2,957.000 2,957.000
R R DONNELLEY & SONS CO 257867101 164,588.00 5,700.000 5,700.000 5,700.000
DOVER CORP 260003108 51,150.00 1,200.000 1,200.000 1,200.000
DOW CHEMICAL CO 260543103 194,299.00 1,710.000 1,710.000 1,710.000
DOW JONES 260561105 144,113.00 2,700.000 2,700.000 2,700.000
DUPONT 263534109 2,553,827.00 42,212.000 42,212.000 42,212.000
DUFF & PHELPS CREDIT RATING 26432F109 339,734.00 4,250.000 4,250.000 4,250.000
DUKE POWER 264399106 267,136.00 4,846.000 4,846.000 4,846.000
DUN & BRADSTREET CORP 26483B106 260,958.00 8,735.000 8,735.000 8,735.000
EMC CORP/MASS 268648102 16,251,902.00 227,697.000 227,697.000 227,697.000
ESCO 269030201 178.00 16.000 16.000 16.000
EASTERN ENTERPRISES 27637F100 239,989.00 5,168.000 5,168.000 5,168.000
EASTMAN CHEM 277432100 13,557.00 340.000 340.000 340.000
EASTMAN KODAK CO 277461109 638,429.00 8,442.000 8,442.000 8,442.000
EATON CORP 278058102 62,576.00 725.000 725.000 725.000
EATON VANCE CORP 278265103 7,813,856.00 244,183.000 244,183.000 244,183.000
EDISON INTERNATIONAL 281020107 160,706.00 6,610.000 6,610.000 6,610.000
EL PASO ENERGY CORP 283905107 3,301.00 82.000 82.000 82.000
ELAN CORP PLC-SPONS ADR 284131208 114,784.00 3,420.000 3,420.000 3,420.000
ELF AQUITAINE ADR 286269105 426,514.00 4,655.000 4,655.000 4,655.000
EMERSON ELEC CO 291011104 3,149,590.00 49,850.000 49,850.000 49,850.000
ENRON CORP 293561106 590,479.00 14,380.000 14,380.000 14,380.000
ENTERGY CORP 29364G103 12,200.00 400.000 400.000 400.000
ENTREMED INC 29382F103 28,113.00 1,300.000 1,300.000 1,300.000
EQUIFAX 294429105 1,824,188.00 64,860.000 64,860.000 64,860.000
EQUITY INCOME FUND(AT&T) 294700703 294,535.00 1,497.000 1,497.000 1,497.000
EQUITY OFFICE PROPERTIES 294741103 65,379.00 2,812.000 2,812.000 2,812.000
ERICSSON (LM) TEL-SP ADR 294821400 243,750.00 7,800.000 7,800.000 7,800.000
EXTREME NETWORKS INC 30226D106 3,166.00 50.000 50.000 50.000
EXXON CORP 302290101 20,625,868.00 271,393.000 271,393.000 271,393.000
FPL GROUP INC 302571104 80,852.00 1,605.000 1,605.000 1,605.000
FRP PROPERTIES INC 30262E109 90,013.00 3,800.000 3,800.000 3,800.000
FAMILY GOLF CNETERS INC 30701A106 2,620.00 1,035.000 1,035.000 1,035.000
FDX CORP. 31304N107 296,616.00 7,630.000 7,630.000 7,630.000
FANNIE MAE 313586109 386,155.00 6,160.000 6,160.000 6,160.000
FEDERATED DEPARTMENT STORES 31410H101 192,058.00 4,375.000 4,375.000 4,375.000
FERRO CORP 315405100 65,875.00 3,091.000 3,091.000 3,091.000
FIFTH THIRD BANCORP 316773100 12,547,430.00 206,224.000 206,224.000 206,224.000
FIRST AUSTRALIA 318652104 7,941.00 1,033.000 1,033.000 1,033.000
FIRST AUSTRALIA PRIME 318653102 7,411.00 1,210.000 1,210.000 1,210.000
FIRST AMERICAN CORP TENN 318900107 103,095.00 2,370.000 2,370.000 2,370.000
FIRST SECURITY CORP 336294103 1,561,515.00 65,662.000 65,662.000 65,662.000
FIRST TENN NATL CORP 337162101 5,607,145.00 199,365.000 199,365.000 199,365.000
REM870 FORM 13F AS OF 9/30/1999 15:43:12 11/16/1999
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Item 6 Item 8
Item 1 Item 3 Item 4 Item 5 Investment Discretion Voting Authority
______________ _____ _________________ _____________________ ________ ________
COMMON STOCKS
FIRST UNION CORP 337358105 826,004.00 23,186.000 23,186.000 23,186.000
FIRST VIRGINIA BANKS INC 337477103 147,024.00 3,375.000 3,375.000 3,375.000
FIRSTAR CORP 33763V109 29,213.00 1,140.000 1,140.000 1,140.000
FLEET FINL GROUP INC 338902109 5,000.00 400.000 400.000 400.000
FLEET FINANCIAL GROUP INC 338915101 10,636,526.00 278,352.000 278,352.000 278,352.000
FLEET FINANCIAL GROUP-WTS 338915119 115,938.00 3,500.000 3,500.000 3,500.000
FLORIDA ROCK INDS 341140101 111,200.00 3,200.000 3,200.000 3,200.000
FLUOR CORP 343861100 6,263.00 150.000 150.000 150.000
FOOTSTAR INC 344912100 15,404.00 437.000 437.000 437.000
FORD MOTOR CO 345370100 176,780.00 3,518.000 3,518.000 3,518.000
FOREST LABORATORIES 345838106 173,976.00 4,130.000 4,130.000 4,130.000
FORT JAMES CORPORATION 347471104 58,713.00 2,200.000 2,200.000 2,200.000
FORTUNE BRANDS INC 349631101 38,700.00 1,396.000 1,396.000 1,396.000
FOUNDATION HEALTH SYSTEMS -A 350404109 330.00 35.000 35.000 35.000
FREEPORT-MCMORAN 356713107 .00 1.000 1.000 1.000
GATX CORP 361448103 77,656.00 2,500.000 2,500.000 2,500.000
GC COMPANIES 36155Q109 6,900.00 230.000 230.000 230.000
GTE CORP 362320103 3,077,773.00 40,036.000 40,036.000 40,036.000
GALLAHER GROUP PLC-SPON ADR 363595109 5,317.00 196.000 196.000 196.000
GANNETT CO INC 364730101 974,160.00 14,080.000 14,080.000 14,080.000
GAP INC 364760108 141,408.00 4,419.000 4,419.000 4,419.000
GARTNER GROUP INC CL B 366651206 20,709.00 1,241.000 1,241.000 1,241.000
GATEWAY 2000 INC 367833100 17,600.00 400.000 400.000 400.000
GAYLORD CONTAINER COMMON STOCK 368145108 126,826.00 17,800.000 17,800.000 17,800.000
GENERAL ELECTRIC CO 369604103 75,945,988.00 640,556.000 640,556.000 640,556.000
GENERAL MILLS INC 370334104 7,890,794.00 97,267.000 97,267.000 97,267.000
GENERAL MOTORS CORP 370442105 1,132,246.00 17,990.000 17,990.000 17,990.000
GENESIS HEALTH 371912106 118,750.00 50,000.000 50,000.000 50,000.000
GENUINE PARTS CO 372460105 34,996.00 1,318.000 1,318.000 1,318.000
GENZYME CORP 372917104 28,164.00 625.000 625.000 625.000
GEORGIA PACIFIC CO 373298108 173,882.00 4,300.000 4,300.000 4,300.000
GILLETTE CO 375766102 8,312,420.00 244,906.000 244,906.000 244,906.000
GLAXO WELLCOME PLC-SPONS 37733W105 223,600.00 4,300.000 4,300.000 4,300.000
GLEASON CORP 377339106 11,900.00 700.000 700.000 700.000
GOLDEN WEST FINANCIAL CORP 381317106 4,541.00 50.000 50.000 50.000
B.F. GOODRICH 382388106 2,900.00 100.000 100.000 100.000
GOODYEAR TIRE RUBBER 382550101 10,828.00 225.000 225.000 225.000
HALLIBURTON CO 406216101 77,900.00 1,900.000 1,900.000 1,900.000
JOHN HANCOCK BANK & THRIFT 409735107 32,634.00 3,772.000 3,772.000 3,772.000
HARCOURT GENERAL INC 41163G101 91,576.00 2,200.000 2,200.000 2,200.000
HARLEY-DAVIDSON INC 412822108 75,094.00 1,500.000 1,500.000 1,500.000
HARRAH'S ENTERTAINMENT INC 413619107 111,000.00 4,000.000 4,000.000 4,000.000
HARRIS CORP 413875105 7,409.00 264.000 264.000 264.000
HARTFORD FINANCIAL SVCS GRP 416515104 552,335.00 12,486.000 12,486.000 12,486.000
HARTFORD LIFE INC CL A 416592103 1,309,164.00 26,582.000 26,582.000 26,582.000
H J HEINZ CO 423074103 6,309,949.00 146,743.000 146,743.000 146,743.000
HELIX TECHNOLOGY 423319102 9,800.00 800.000 800.000 800.000
HERSHEY FOODS CORP 427866108 3,254,276.00 66,840.000 66,840.000 66,840.000
HEWLETT PACKARD CO 428236103 12,888,128.00 142,130.000 142,130.000 142,130.000
HEXCEL CORP 428291108 29,060.00 5,000.000 5,000.000 5,000.000
HILLENBRAND INDUSTRIES INC 431573104 13,188.00 500.000 500.000 500.000
REM870 FORM 13F AS OF 9/30/1999 15:43:12 11/16/1999
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______________ _____ _________________ _____________________ ________ ________
COMMON STOCKS
HOECHST AKTIENGESELLSHAFT 434390308 13,050.00 300.000 300.000 300.000
HOME DEPOT 437076102 4,388,022.00 63,942.000 63,942.000 63,942.000
HONEYWELL INC 438506107 96,200.00 1,600.000 1,600.000 1,600.000
HORMEL FOODS CORP 440452100 4,025.00 100.000 100.000 100.000
HOST MARRIOTT CORP 44107P104 8,550.00 900.000 900.000 900.000
HOUGHTON MIFFLIN CO 441560109 983,131.00 24,200.000 24,200.000 24,200.000
HOUSEHOLD INTERNATIONAL 441815107 4,232,507.00 105,483.000 105,483.000 105,483.000
HUBBELL INC CL B 443510201 227,779.00 7,146.000 7,146.000 7,146.000
HUMAN GENOME SCIENCES INC 444903108 21,019.00 285.000 285.000 285.000
ICN PHARMACEUTICALS 448924100 11,464.00 667.000 667.000 667.000
IMS HEALTH INC 449934108 108,359.00 4,750.000 4,750.000 4,750.000
ITT INDUSTRIES 450911102 52,268.00 1,643.000 1,643.000 1,643.000
ILLINOIS TOOL WORKS 452308109 104,388.00 1,400.000 1,400.000 1,400.000
IMATION CORPORATION 45245A107 3,193.00 103.000 103.000 103.000
IMPERIAL CHEM INDS 452704505 52,257.00 1,210.000 1,210.000 1,210.000
IMPERIAL OIL LTD 453038408 74,925.00 3,600.000 3,600.000 3,600.000
INDEPENDENT BANK CORP 453836108 213,976.00 16,381.000 16,381.000 16,381.000
INGERSOLL RAND 456866102 376,597.00 6,855.000 6,855.000 6,855.000
INTEGRA INC 45811M105 .00 1,500.000 1,500.000 1,500.000
INTEL CORP 458140100 25,622,886.00 344,799.000 344,799.000 344,799.000
INTERNATL BUS MACH 459200101 15,586,857.00 128,817.000 128,817.000 128,817.000
INTL FLAVORS FRAGRNC 459506101 3,450.00 100.000 100.000 100.000
INTERNATIONAL GAME TECHNOLOGY 459902102 1,800.00 100.000 100.000 100.000
INTL PAPER CO 460146103 194,005.00 4,037.000 4,037.000 4,037.000
INTERPUBLIC GROUP COS INC 460690100 123,375.00 3,000.000 3,000.000 3,000.000
INTIMATE BRANDS 461156101 3,894.00 100.000 100.000 100.000
INTUIT INC 461202103 549,605.00 6,270.000 6,270.000 6,270.000
INVESTORS FINANCIAL COMMON 461915100 1,879,628.00 54,680.000 54,680.000 54,680.000
INVESTORS FINL SVC CO CLS A 461915209 37,369.00 1,003.000 1,003.000 1,003.000
IOMEGA CORP 462030107 2,484.00 750.000 750.000 750.000
IONICS INC 462218108 33,509.00 1,035.000 1,035.000 1,035.000
IPALCO ENTERPRISES INC 462613100 34,988.00 1,800.000 1,800.000 1,800.000
ISIS PHARMACEUTICAL 464330109 19,019.00 1,700.000 1,700.000 1,700.000
ISOMET CORP 464893106 18,750.00 10,000.000 10,000.000 10,000.000
JEFFERSON PILOT 475070108 1,611,405.00 25,502.000 25,502.000 25,502.000
JOHNSON & JOHNSON 478160104 16,716,753.00 181,923.000 181,923.000 181,923.000
K L A INSTRUMENTS CO 482480100 6,500.00 100.000 100.000 100.000
K MART CORP 482584109 29,219.00 2,500.000 2,500.000 2,500.000
KELLOGG CO 487836108 363,968.00 9,722.000 9,722.000 9,722.000
KEY ENERGY SERVICES INC 492914106 54,313.00 11,000.000 11,000.000 11,000.000
KIMBERLY CLARK CORP 494368103 756,119.00 14,334.000 14,334.000 14,334.000
KINROSS GOLD CORP 496902107 72.00 25.000 25.000 25.000
KLEINWORT BENSON AUST 498577105 9,695.00 1,536.000 1,536.000 1,536.000
KROGER CO 501044101 180,913.00 8,200.000 8,200.000 8,200.000
LAMAR ADVERTISING CO 512815101 9,900.00 200.000 200.000 200.000
ESTEE LAUDER COS INC A 518439104 11,719.00 300.000 300.000 300.000
LEUCADIA NATIONAL CORP 527288104 165,438.00 7,878.000 7,878.000 7,878.000
LEXMARK INTL GROUP INC-CL A 529771107 48,300.00 600.000 600.000 600.000
ELI LILLY & CO 532457108 10,066,525.00 156,830.000 156,830.000 156,830.000
LINCOLN NATIONAL CORP 534179106 125,000.00 1,600.000 1,600.000 1,600.000
LINCOLN NATL CORP 534187109 60,099.00 1,600.000 1,600.000 1,600.000
REM870 FORM 13F AS OF 9/30/1999 15:43:12 11/16/1999
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______________ _____ _________________ _____________________ ________ ________
COMMON STOCKS
LINEAR TECHNOLOGY CORP 535678106 117,563.00 2,000.000 2,000.000 2,000.000
LITTON INDUSTRIES INC 538021106 2,190.00 40.000 40.000 40.000
LOCKHEED MARTIN CORP 539830109 39,879.00 1,220.000 1,220.000 1,220.000
LOUISIANA PAC CORP 546347105 8,063.00 516.000 516.000 516.000
LOWES COMPANIES 548661107 58,013.00 1,190.000 1,190.000 1,190.000
LUBRIZOL CORP 549271104 4,111.00 160.000 160.000 160.000
LUCENT TECHNOLOGIES INC 549463107 3,176,216.00 48,959.000 48,959.000 48,959.000
LYONDELL CHEMICAL COMPANY 552078107 1,456.00 100.000 100.000 100.000
MBIA INC 55262C100 19,117.00 410.000 410.000 410.000
MBNA CORPORATION 55262L100 194,477.00 8,525.000 8,525.000 8,525.000
MCN ENERGY GROUP 55267J100 47,550.00 2,744.000 2,744.000 2,744.000
MDC HOLDINGS INC DELAWARE 552676108 .00 200.000 200.000 200.000
MCI WORLDCOM INC 55268B106 8,955,786.00 124,602.000 124,602.000 124,602.000
MFN FINANCIAL CORP 55272N104 665.00 76.000 76.000 76.000
MMC NETWORKS INC 55308N102 15,594.00 500.000 500.000 500.000
MARK IV INDUSTRIES INC 570387100 55,182.00 2,794.000 2,794.000 2,794.000
MARSH & MCLENNAN 571748102 1,069,231.00 15,200.000 15,200.000 15,200.000
MARRIOTT INTERNATIONAL INC 571900109 3,400.00 200.000 200.000 200.000
MARRIOTT INTERNALTIONAL-CL A 571903202 166,118.00 5,082.000 5,082.000 5,082.000
MASCO CORP 574599106 37,200.00 1,200.000 1,200.000 1,200.000
MASTECH CORP 57632N105 21,600.00 1,600.000 1,600.000 1,600.000
MATRIA HEALTHCARE INC 576817100 12.00 2.000 2.000 2.000
MATTEL 577081102 76,361.00 4,019.000 4,019.000 4,019.000
MAY DEPT STORES 577778103 3,540,816.00 97,175.000 97,175.000 97,175.000
MAXXAM INC 577913106 316,470.00 6,460.000 6,460.000 6,460.000
MCDERMOTT INTERNATIONAL INC 580037109 1,742.00 86.000 86.000 86.000
MCDONALD'S CORP 580135101 1,499,910.00 34,680.000 34,680.000 34,680.000
MCGRAW-HILL COMPANIES INC. 580645109 1,713,930.00 35,430.000 35,430.000 35,430.000
MCKESSON HBOC INC 58155Q103 149,273.00 5,209.000 5,209.000 5,209.000
MCKESSON CORP-NEW 581557105 58,000.00 2,000.000 2,000.000 2,000.000
MEAD CORP 582834107 234,440.00 6,820.000 6,820.000 6,820.000
MEDFORD BANCORP INC 584131106 .00 1,200.000 1,200.000 1,200.000
MEDIAONE GROUP INC 58440J104 1,174,360.00 17,191.000 17,191.000 17,191.000
MEDTRONIC 585055106 3,568,273.00 100,338.000 100,338.000 100,338.000
MELLON BANK CORP 585509102 13,524,483.00 402,214.000 402,214.000 402,214.000
MELLON BANK 585518103 17,000.00 850.000 850.000 850.000
MERCANTILE BANKSHARES CORP 587405101 48,844.00 1,500.000 1,500.000 1,500.000
MERCHANTS CAPITAL CORP 588530204 450.00 450.000 450.000 450.000
MERCK & CO 589331107 41,294,100.00 637,040.000 637,040.000 637,040.000
MEREDITH CORP 589433101 3,631.00 100.000 100.000 100.000
MICROSOFT CORP 594918104 34,981,616.00 386,270.000 386,270.000 386,270.000
MILACRON INC 598709103 2,606.00 150.000 150.000 150.000
MILLENNIUM CHEMICALS INC 599903101 5,060.00 220.000 220.000 220.000
MINNESOTA MINING MFG 604059105 2,784,469.00 28,986.000 28,986.000 28,986.000
MIRAGE RESORTS 60462E104 1,115,100.00 79,650.000 79,650.000 79,650.000
MOBIL CORP 607059102 5,906,071.00 58,621.000 58,621.000 58,621.000
MOLEX 608554101 33,174.00 912.000 912.000 912.000
MONSANTO 611662107 1,311,516.00 36,750.000 36,750.000 36,750.000
MONTANA POWER CO 612085100 48,699.00 1,600.000 1,600.000 1,600.000
J P MORGAN & CO 616880100 5,259,054.00 46,031.000 46,031.000 46,031.000
MORGAN ST DEAN WITTER & CO 617446448 236,168.00 2,648.000 2,648.000 2,648.000
REM870 FORM 13F AS OF 9/30/1999 15:43:12 11/16/1999
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______________ _____ _________________ _____________________ ________ ________
COMMON STOCKS
MSDW INCOME SECURITIES INC 61745P874 3,279.00 201.000 201.000 201.000
MOTOROLA INC 620076109 3,396,448.00 38,596.000 38,596.000 38,596.000
NL INDUSTRIES 629156407 173,594.00 13,750.000 13,750.000 13,750.000
NUCO2 INC 629428103 14,850.00 2,700.000 2,700.000 2,700.000
NALCO CHEMICAL CO 629853102 1,515.00 30.000 30.000 30.000
NATIONAL BANCORP ALASKA 632587101 8,117,343.00 316,774.000 316,774.000 316,774.000
NATL CITY CORP 635405103 53,374.00 2,000.000 2,000.000 2,000.000
NATIONAL SEMICONDUCTOR 637640103 6,112.00 200.000 200.000 200.000
NATIONS BANK 638585109 5,635.00 98.000 98.000 98.000
NEW ENGLAND BANCORP 643859101 285.00 285.000 285.000 285.000
NEW ENG ELEC SYS 644001109 303,158.00 5,844.000 5,844.000 5,844.000
NEW PLAN EXCEL 648059103 22,563.00 1,000.000 1,000.000 1,000.000
NEW YORK TIMES CO A 650111107 242,025.00 6,454.000 6,454.000 6,454.000
NEWBRIDGE NETWORKS CORP 650901101 26,062.00 1,000.000 1,000.000 1,000.000
NEWELL RUBBERMAID 651229106 68,550.00 2,400.000 2,400.000 2,400.000
NEWMONT MINING CO 651639106 1,925.00 100.000 100.000 100.000
NEWS ITD ADR NEW 652487703 77,963.00 2,700.000 2,700.000 2,700.000
NIELSEN MEDIA RESEARCH 653929307 28,151.00 757.000 757.000 757.000
NICOR INC 654086107 74,375.00 2,000.000 2,000.000 2,000.000
NIKE 654106103 13,081.00 230.000 230.000 230.000
NOKIA CORP SPONSORED 654902204 288,949.00 3,215.000 3,215.000 3,215.000
NORFOLK & SOUTHERN 655844108 243,579.00 9,942.000 9,942.000 9,942.000
NORTELL NETWORKS CORP 656569100 384,030.00 7,530.000 7,530.000 7,530.000
NORTHERN TRUST 665859104 487,473.00 5,838.000 5,838.000 5,838.000
OGE ENERGY CORP 670837103 95,675.00 4,300.000 4,300.000 4,300.000
OAK INDUSTRIES INC 671400505 68,000.00 2,000.000 2,000.000 2,000.000
OCCIDENTAL PETROLEUM CO 674599105 13,899.00 601.000 601.000 601.000
OHIO CASUALTY CORP 677240103 2,129,628.00 126,200.000 126,200.000 126,200.000
OLD REPUBLIC INTL CP 680223104 2,166.00 150.000 150.000 150.000
OMEGA HEALTHCARE INVESTORS 681936100 4,200.00 200.000 200.000 200.000
ORACLE CORPORATION 68389X105 556,102.00 12,222.000 12,222.000 12,222.000
PECO ENERGY CO 693304107 86,250.00 2,300.000 2,300.000 2,300.000
P G & E CORP 69331C108 29,756.00 1,150.000 1,150.000 1,150.000
PE-CORP CLERA GENOMICS 69332S201 2,582.00 66.000 66.000 66.000
PMC CAPITAL 693430100 8,375.00 1,000.000 1,000.000 1,000.000
PMC- SIERRA INC 69344F106 38,480.00 416.000 416.000 416.000
PP & L RESOURCES 693499105 10,825.00 400.000 400.000 400.000
P P G INDUSTRIES INC 693506107 341,520.00 5,692.000 5,692.000 5,692.000
PACIFIC CENTURY FINANCIAL CORP 694058108 388,318.00 19,000.000 19,000.000 19,000.000
PACIFICARE HELATH SYSTEMS-B 695112201 4,676.00 65.000 65.000 65.000
PACIFICORP 695114108 15,698.00 780.000 780.000 780.000
PAINE WEBBER GROUP INC 695629105 632,528.00 17,449.000 17,449.000 17,449.000
PARAMETRIC TECHNOLOGY CORP 699173100 5,400.00 400.000 400.000 400.000
PAYCHEX INC 704326107 92,138.00 2,700.000 2,700.000 2,700.000
PAYLESS SHOESOURCE INC 704379106 47,824.00 947.000 947.000 947.000
J C PENNEY 708160106 163,703.00 4,745.000 4,745.000 4,745.000
PEOPLE'S HERITAGE SAVINGS 711147108 66,500.00 4,000.000 4,000.000 4,000.000
PEPSICO 713448108 4,068,735.00 133,401.000 133,401.000 133,401.000
PE CORP-PE BIOSYSTEMS GROUP 714041100 14,450.00 200.000 200.000 200.000
PERRIGO COMPANY 714290103 15,750.00 2,000.000 2,000.000 2,000.000
PFIZER INC 717081103 30,418,313.00 847,680.000 847,680.000 847,680.000
REM870 FORM 13F AS OF 9/30/1999 15:43:12 11/16/1999
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COMMON STOCKS
PHELPS DODGE 717265102 27,531.00 500.000 500.000 500.000
PHILIP MORRIS COS INC 718154107 1,643,565.00 48,075.000 48,075.000 48,075.000
PHILLIPS PETROLEUM 718507106 51,188.00 1,050.000 1,050.000 1,050.000
PHYCOR INC 71940F100 3,071.00 702.000 702.000 702.000
PINNACLE WEST CAP CORP 723484101 3,556.00 100.000 100.000 100.000
PIONEER HI-BRED INTL 723686101 35,719.00 900.000 900.000 900.000
PITNEY BOWES INC 724479100 851,156.00 14,000.000 14,000.000 14,000.000
POTOMAC ELEC PWR 737679100 38,156.00 1,500.000 1,500.000 1,500.000
PRAXAIR INC 74005P104 9,400.00 200.000 200.000 200.000
T ROWE PRICE ASSOCIATES 741477103 1,578,205.00 57,520.000 57,520.000 57,520.000
PROCTER & GAMBLE 742718109 26,498,176.00 282,647.000 282,647.000 282,647.000
PROGRESSIVE CORP 743315103 16,337.00 200.000 200.000 200.000
PROPERTY CAPITAL TR.,INC 74343M102 208.00 369.000 369.000 369.000
PROVIDENCE ENERGY CORP 743743106 83,250.00 3,000.000 3,000.000 3,000.000
PROVIDIAN FINANCIAL CORP 74406A102 623,602.00 7,875.000 7,875.000 7,875.000
PUBLIC SERVICE ENTERPRISES 744573106 28,969.00 750.000 750.000 750.000
PUGET SOUND POWER & LIGHT 745332106 2,244.00 100.000 100.000 100.000
QUAKER OATS 747402105 1,345,597.00 21,747.000 21,747.000 21,747.000
QUANTUM CORP 747906105 9,650.00 400.000 400.000 400.000
QUEST DIAGNOSTICS INC 74834L100 29,562.00 1,137.000 1,137.000 1,137.000
QUESTAR CORP 748356102 36,250.00 2,000.000 2,000.000 2,000.000
QUIXOTE CORP 749056107 9,000.00 600.000 600.000 600.000
QWEST COMMUNICATIONS 749121109 82,716.00 2,798.000 2,798.000 2,798.000
RH DONNELLEY CORP 74955W307 23,598.00 1,267.000 1,267.000 1,267.000
RJR NABISCO HOLDINGS CORP 74960K876 2,152.00 110.000 110.000 110.000
RALCORP HOLDINGS INC 751028101 4,705.00 266.000 266.000 266.000
RALSTON-RALSTON PURINA GRP INC 751277302 243,990.00 8,753.000 8,753.000 8,753.000
RANGER OIL LTD 752805101 8,500.00 2,000.000 2,000.000 2,000.000
RAYONIER INC 754907103 5,250.00 125.000 125.000 125.000
RAYTHEON CO CL B 755111408 550,838.00 11,100.000 11,100.000 11,100.000
REGENERON PHARM INC 75886F107 32,500.00 4,000.000 4,000.000 4,000.000
REGIONS FINANCIAL CORP 758940100 600,750.00 20,025.000 20,025.000 20,025.000
RELIANT ENERGY INC 75952J108 80,376.00 2,970.000 2,970.000 2,970.000
REPUBLIC BANCSHARES INC 759929102 2,900.00 200.000 200.000 200.000
REPUBLIC, NY 760719104 59,287.00 965.000 965.000 965.000
REPUBLIC SECURITY FINL CORP 760758102 .00 4,088.000 4,088.000 4,088.000
REUTERS HLDGS PLC 76132M102 109,925.00 1,596.000 1,596.000 1,596.000
REYNOLDS METALS CO 761763101 86,934.00 1,434.000 1,434.000 1,434.000
RIGGS NATIONAL CORP 766570105 42,838.00 2,300.000 2,300.000 2,300.000
RIGHT MANAGEMENT CONSULTANTS 766573109 25,313.00 2,250.000 2,250.000 2,250.000
RITE AID 767754104 55,248.00 4,000.000 4,000.000 4,000.000
ROCKWELL INTL CORP 773903109 51,713.00 985.000 985.000 985.000
ROGERS CORPORATION 775133101 22,050.00 600.000 600.000 600.000
ROYAL BANK OF CANADA 780087102 83,250.00 2,000.000 2,000.000 2,000.000
ROYAL BK OF SCOTLAND PRFD C 780097408 20,929.00 833.000 833.000 833.000
ROYAL DUTCH PETE CO 780257606 309,000.00 4,000.000 4,000.000 4,000.000
ROYAL DUTCH PETRO-NY SHARES 780257804 12,380,952.00 209,624.000 209,624.000 209,624.000
RYDER SYSTEM INC 783549108 2,038.00 100.000 100.000 100.000
SBC COMMUNICATIONS 78387G103 1,833,758.00 35,912.000 35,912.000 35,912.000
SLI INC 78442T108 4,262.00 200.000 200.000 200.000
SAFEGUARD SCIENTIFICS 786449108 1,224,000.00 18,000.000 18,000.000 18,000.000
REM870 FORM 13F AS OF 9/30/1999 15:43:12 11/16/1999
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COMMON STOCKS
SAFESKIN CORP 786454108 38,217.00 4,650.000 4,650.000 4,650.000
SAFEWAY INC NEW 786514208 19,183.00 504.000 504.000 504.000
ST PAUL COMPANIES INC 792860108 1,740,200.00 63,280.000 63,280.000 63,280.000
SANTA FE SNYDER CORP 80218K105 1,138.00 116.000 116.000 116.000
SARA LEE CORP 803111103 6,507,392.00 278,391.000 278,391.000 278,391.000
SCAN OPTICS INC 805894102 2,813.00 1,000.000 1,000.000 1,000.000
SCHERING-PLOUGH CORP 806605101 2,272,753.00 52,097.000 52,097.000 52,097.000
SCHLUMBERGER LTD 806857108 673,973.00 10,816.000 10,816.000 10,816.000
SCOTTS COMPANY 810186106 17,313.00 500.000 500.000 500.000
SEAGRAM CO LTD 811850106 28,438.00 625.000 625.000 625.000
SEARS ROEBUCK & CO 812387108 137,738.00 4,390.000 4,390.000 4,390.000
SERVICEMASTER COMPANY 81760N109 499,174.00 31,077.000 31,077.000 31,077.000
SHARED MED SYS CORP 819486101 18,700.00 400.000 400.000 400.000
SHELL TRANS & TRADING NYSHNEW 822703609 2,726,815.00 59,930.000 59,930.000 59,930.000
SHERWIN WILLIAMS CO 824348106 368,500.00 17,600.000 17,600.000 17,600.000
SINCLAIR BROADCAST GROUP-A 829226109 16,312.00 1,800.000 1,800.000 1,800.000
SMITH INTERNATIONAL 832110100 81,000.00 2,000.000 2,000.000 2,000.000
SMITHKLINE BEECHAM PLC 832378301 402,108.00 6,978.000 6,978.000 6,978.000
SODEXHO MARRIOTT SERVICES 833793102 6,953.00 409.000 409.000 409.000
SONAT 835415100 190,500.00 4,800.000 4,800.000 4,800.000
SOTHEBY'S HOLDINGS CL A 835898107 25,813.00 1,000.000 1,000.000 1,000.000
SOURCE CAPITAL INCC 836144105 14,663.00 300.000 300.000 300.000
SOUTH JERSEY INDUSTRIES INC 838518108 13,451.00 510.000 510.000 510.000
SOUTHERN CO 842587107 144,458.00 5,610.000 5,610.000 5,610.000
SPRINT CORP (FON GROUP) 852061100 195,300.00 3,600.000 3,600.000 3,600.000
STAPLES INC 855030102 802,867.00 36,796.000 36,796.000 36,796.000
STARBUCKS CORPORATION 855244109 109,036.00 4,400.000 4,400.000 4,400.000
STATE BANCORP 855716106 177,881.00 11,664.000 11,664.000 11,664.000
STARWOOD HOTELS & RESORTS WO 85590A203 33,603.00 1,506.000 1,506.000 1,506.000
STARWOOD HOTELS & RESORTS 855905204 4,083.00 183.000 183.000 183.000
STATE STREET CORP 857477103 6,644,300.00 102,813.000 102,813.000 102,813.000
STEPAN CO 858586100 45,250.00 2,000.000 2,000.000 2,000.000
STRIDE RITE CORP 863314100 30,247.00 4,321.000 4,321.000 4,321.000
SUMMIT TECHNOLOGY 86627E101 5,494.00 300.000 300.000 300.000
SUN MICROSYSTEMS INC 866810104 2,788,140.00 29,980.000 29,980.000 29,980.000
SUNRISE TECHNOLOGIES INC 86769L103 4,719.00 1,000.000 1,000.000 1,000.000
SUNTRUST BANKS INC 867914103 223,550.00 3,400.000 3,400.000 3,400.000
SYMBOL TECHNOLOGIES 871508107 483,898.00 14,391.000 14,391.000 14,391.000
SYSCO CORP 871829107 3,198,403.00 91,220.000 91,220.000 91,220.000
TECO ENERGY INC 872375100 1,585,728.00 75,064.000 75,064.000 75,064.000
TJX COS INC 872540109 11,550.00 400.000 400.000 400.000
TRW INC 872649108 79,600.00 1,600.000 1,600.000 1,600.000
TAUBMAN CENTERS INC 876664103 17,250.00 1,500.000 1,500.000 1,500.000
TECH DATA CORP 878237106 2,780.00 75.000 75.000 75.000
TELE DANMARK ADR 879242105 20,738.00 700.000 700.000 700.000
TELECOM CORP NEW ZEALAND 879278208 462,080.00 14,440.000 14,440.000 14,440.000
TELEFONOS DE MEXICO AADR 879403400 3,562.00 1,000.000 1,000.000 1,000.000
TEMPLE INLAND 879868107 105,286.00 1,726.000 1,726.000 1,726.000
TENNECO NEW 88037E101 21,760.00 1,280.000 1,280.000 1,280.000
TERADYNE INC 880770102 2,116.00 60.000 60.000 60.000
TEXACO 881694103 592,176.00 9,381.000 9,381.000 9,381.000
REM870 FORM 13F AS OF 9/30/1999 15:43:12 11/16/1999
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______________ _____ _________________ _____________________ ________ ________
COMMON STOCKS
TEXAS INSTRUMENTS INC 882508104 477,050.00 5,800.000 5,800.000 5,800.000
TEXAS UTILITIES CO 882848104 49,589.00 1,329.000 1,329.000 1,329.000
TEXTRON INC 883203101 2,275,600.00 29,410.000 29,410.000 29,410.000
THERMO ELECTRON CORP 883556102 127,361.00 9,478.000 9,478.000 9,478.000
THOMSON CORP 884903105 20,258.00 700.000 700.000 700.000
3COM CORPORATION 885535104 64,688.00 2,250.000 2,250.000 2,250.000
TIME WARNER 887315109 23,069,069.00 379,737.000 379,737.000 379,737.000
TORCHMARK CORP 891027104 5,175.00 200.000 200.000 200.000
TOYS R US 892335100 47,598.00 2,410.000 2,410.000 2,410.000
TRANSAMERICA CORP 893485102 15,000.00 200.000 200.000 200.000
TREDEGAR INDUSTRIES 894650100 19,238.00 900.000 900.000 900.000
TRENWICK GROUP INC 895290104 14,906.00 900.000 900.000 900.000
TRICON GLOBAL RESTRAURANTS INC 895953107 42,576.00 1,040.000 1,040.000 1,040.000
TRIBUNE CO 896047107 259,695.00 5,220.000 5,220.000 5,220.000
TRINITY INDUSTRIES 896522109 107,136.00 3,470.000 3,470.000 3,470.000
TYCO INTERNATIONAL LTD 902124106 1,927,575.00 18,669.000 18,669.000 18,669.000
UST CORPORATION 902900109 61,500.00 2,000.000 2,000.000 2,000.000
USX-MARATHON GROUP 902905827 58,500.00 2,000.000 2,000.000 2,000.000
U S BANCORP 902973106 90,563.00 3,000.000 3,000.000 3,000.000
USF & G 903290104 11,875.00 500.000 500.000 500.000
ULTRAMAR DIAMOND SHAMROCK CP 904000106 804.00 32.000 32.000 32.000
UNIGENE LABS, INC. 904753100 .00 100.000 100.000 100.000
UNILEVER N V 904784709 41,284.00 606.000 606.000 606.000
UNION CAMP CORP 905530101 7,938.00 100.000 100.000 100.000
UNION CARBIDE CO 905581104 21,045.00 370.000 370.000 370.000
UNION PACIFIC CORP 907818108 593,813.00 12,355.000 12,355.000 12,355.000
UNION PACIFIC RESOURCE GR 907834105 94,640.00 5,824.000 5,824.000 5,824.000
UNITED ASSET MGMT CORP 909420101 3,850.00 200.000 200.000 200.000
UNITED BANKSHARES INC 909907107 2,431.00 100.000 100.000 100.000
US BIO-SCIENCE 911646107 155.00 18.000 18.000 18.000
US WEST INC 91273H101 350,593.00 6,144.000 6,144.000 6,144.000
UNITED TECHNOLOGIES 913017109 1,383,644.00 23,328.000 23,328.000 23,328.000
UNOCAL CORP 915289102 40,769.00 1,100.000 1,100.000 1,100.000
UNUMPROVIDENT 91529Y106 92,581.00 3,145.000 3,145.000 3,145.000
V F CORP 918204108 25,200.00 700.000 700.000 700.000
VSI ENTERPRISES INC 91832B884 1,275.00 2,500.000 2,500.000 2,500.000
VENTURE STORES, INC. 923275101 6.00 869.000 869.000 869.000
VISX INC 92844S105 4,174,964.00 52,785.000 52,785.000 52,785.000
VLASIC FOODS INTERNATIONAL 928559103 3,684.00 531.000 531.000 531.000
VODAFONE GROUP PLC 92857T107 968,594.00 4,074.000 4,074.000 4,074.000
WD-40 CO 929236107 70,219.00 3,000.000 3,000.000 3,000.000
WICOR INC 929253102 2,440.00 80.000 80.000 80.000
WACHOVIA CORPORATION 929771103 124,306.00 1,581.000 1,581.000 1,581.000
WAL-MART STORES INC 931142103 6,265,796.00 131,738.000 131,738.000 131,738.000
WALGREEN CO 931422109 203,000.00 8,000.000 8,000.000 8,000.000
WALTER INDUSTRIES 93317Q105 61,425.00 4,550.000 4,550.000 4,550.000
WARNER LAMBERT CO 934488107 8,563,183.00 129,012.000 129,012.000 129,012.000
WASHINGTON MUTUAL INC 939322103 2,304,893.00 78,800.000 78,800.000 78,800.000
WASHINGTON POST-CL B 939640108 871,590.00 1,709.000 1,709.000 1,709.000
WASTE MANAGEMENT INC 94106L109 49,858.00 2,590.000 2,590.000 2,590.000
WATSON PHARMACEUTICAL INC 942683103 244,496.00 8,000.000 8,000.000 8,000.000
REM870 FORM 13F AS OF 9/30/1999 15:43:12 11/16/1999
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COMMON STOCKS
WATTS INDUSTRIES INC 942749102 43,500.00 2,000.000 2,000.000 2,000.000
WELLS FARGO COMPANY(NEW) 949746101 370,494.00 9,350.000 9,350.000 9,350.000
WESTERN RESOURCES 959425109 51,257.00 2,398.000 2,398.000 2,398.000
WESTPOINT STEVENS INC 961238102 8,483,516.00 359,090.000 359,090.000 359,090.000
WESTVACO CORP 961548104 7,334.00 280.000 280.000 280.000
WEYERHAEUSER CO 962166104 8,644.00 150.000 150.000 150.000
WHIRLPOOL CORP 963320106 10,603.00 150.000 150.000 150.000
WHITE ELECTRONIC DESIGN 963801105 5,775.00 2,200.000 2,200.000 2,200.000
WHOLE FOODS MKT INC 966837106 70,018.00 2,140.000 2,140.000 2,140.000
WILLAMETTE INDUSTRIES INC 969133107 10,350.00 240.000 240.000 240.000
WILLIAMS COMPANIES 969457100 105,350.00 2,800.000 2,800.000 2,800.000
WILMINGTON TRUST CORP 971807102 24,281.00 500.000 500.000 500.000
WIND RIVER SYSTEMS LTD 973149107 8,550.00 450.000 450.000 450.000
WINSTAR COMMUNICATIONS 975515107 300,781.00 7,700.000 7,700.000 7,700.000
WISCONSIN ENERGY CORP 976657106 30,468.00 1,300.000 1,300.000 1,300.000
WRIGLEY WM 982526105 133,632.00 1,942.000 1,942.000 1,942.000
XEROX 984121103 3,257,288.00 77,670.000 77,670.000 77,670.000
ZENECA GROUP PLC ADR 98934D106 153,075.00 3,900.000 3,900.000 3,900.000
ZIONS BANCORPORATION 989701107 25,717,385.00 466,528.000 466,528.000 466,528.000
ZYGO CORP 989855101 .00 500.000 500.000 500.000
COMMON STOCKS TOTAL * 885,851,921.00 16,408,562.000 16,408,562.000 16,408,562.000
GROWTH FUNDS
CENTRAL SECURITIES CORP 155123102 441,544.00 17,231.000 17,231.000 17,231.000
FIRST FINANCIAL FUND 320228109 400,376.00 49,659.000 49,659.000 49,659.000
H&Q HEALTHCARE INVSTRS FD 404052102 62,624.00 3,839.000 3,839.000 3,839.000
LATIN AMERICA EQUITY FUND 51827T100 18,500.00 2,000.000 2,000.000 2,000.000
MEXICO FUND INC 592835102 73,251.00 5,118.000 5,118.000 5,118.000
GROWTH FUNDS TOTAL * 996,295.00 77,847.000 77,847.000 77,847.000
INCOME FUNDS
THE NEW AMERICA HIGH INC FD 641876107 727,249.00 181,812.000 181,812.000 181,812.000
INCOME FUNDS TOTAL * 727,249.00 181,812.000 181,812.000 181,812.000
INCOME & GROWTH FUNDS
FIDELITY EQUITY INCOME FD REAL 316138205 14,057.00 956.000 956.000 956.000
INCOME & GROWTH FUNDS TOTAL * 14,057.00 956.000 956.000 956.000
MUTUAL FUND NON-TAXABLE
NUVEEN NY QUALITY INC 670986108 22,500.00 1,500.000 1,500.000 1,500.000
MUTUAL FUND NON-TAXABLE TOTAL * 22,500.00 1,500.000 1,500.000 1,500.000
LIMITED PARTNERSHIP
BUCKEYE PARTNERS L P 118230101 21,600.00 800.000 800.000 800.000
HERITAGE PROPANE PARTNERS 426918108 21,613.00 950.000 950.000 950.000
KINDER MORGAN ENERGY PRTNRS 494550106 42,056.00 971.000 971.000 971.000
LEVIATHAN GAS 527367106 35,800.00 1,600.000 1,600.000 1,600.000
LIMITED PARTNERSHIP TOTAL * 121,069.00 4,321.000 4,321.000 4,321.000
REM870 FORM 13F AS OF 9/30/1999 15:43:12 11/16/1999
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______________ _____ _________________ _____________________ ________ ________
PREFERRED - CONVERTIBLE
PREFERRED - CONVERTIBLE
MEDIAONE GROUP 58440J203 645,975.00 4,785.000 4,785.000 4,785.000
PREFERRED - CONVERTIBLE TOTAL * 645,975.00 4,785.000 4,785.000 4,785.000
LIMITED PARTNERSHIP
NORTHERN BORDER PARTNERS L P 664785102 14,500.00 500.000 500.000 500.000
LIMITED PARTNERSHIP TOTAL * 14,500.00 500.000 500.000 500.000
GRAND TOTAL ** 888,393,566.00 16,680,283.000 16,680,283.000 16,680,283.000
~
</TABLE>
