UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washinton, D.C. 20549
Form 13F
FORM 13F COVER PAGE
Report for the Quarter ending 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: 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 May 14, 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 May 14, 1999
Trustee
<TABLE>
FORM 13F AS OF 6/30/1999 15:40:22 8/16/1999
Page 1
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
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COMMON STOCKS
DIAMLERCHRYSLER AG D1668R123 33,286.00 374.000 374.000 374.000
PANAMERICAN BEVERAGES INC-A P74823108 28,575.00 1,200.000 1,200.000 1,200.000
AFC CABLE SYSTEM 000950105 26,484.00 750.000 750.000 750.000
AFLAC INC. 001055102 162,392.00 3,392.000 3,392.000 3,392.000
AGL RESOURCES 001204106 7,375.00 400.000 400.000 400.000
AT&T CORP 001957109 2,826,828.00 50,533.000 50,533.000 50,533.000
ABBOTT LABORATORIES 002824100 9,940,534.00 219,075.000 219,075.000 219,075.000
ACNIELSON CORP 004833109 19,148.00 633.000 633.000 633.000
ADOBE SYSTEMS 00724F101 492,936.00 6,000.000 6,000.000 6,000.000
ADVANTICA RESTAURANT 00758B109 8,594.00 2,500.000 2,500.000 2,500.000
AEGON N V ADR 007924103 51,830.00 701.000 701.000 701.000
AGRIBRANDS INTERNATIONAL INC 00849R105 11,513.00 291.000 291.000 291.000
AIR PRODUCTS & CHEMICAL 009158106 489,038.00 12,150.000 12,150.000 12,150.000
AIRTOUCH COMMUNICATIONS 00949T100 74,498.00 692.000 692.000 692.000
ALBERTSONS INC DEL 013104104 126,070.00 2,445.000 2,445.000 2,445.000
ALCAN ALUMINIUM LTD 013716105 24,136.00 760.000 760.000 760.000
ALCOA INC 013817101 54,450.00 880.000 880.000 880.000
ALLEGHENY ENERGY INC 017361106 2,780.00 80.000 80.000 80.000
ALLIANCE FUND 01859K105 3,891.00 536.000 536.000 536.000
ALLIED SIGNAL 019512102 186,354.00 2,958.000 2,958.000 2,958.000
ALLSTATE CORP 020002101 260,237.00 7,254.000 7,254.000 7,254.000
ALLTEL CORP 020039103 188,403.00 2,635.000 2,635.000 2,635.000
ALCOA 022249106 248.00 4.000 4.000 4.000
ALZA CORP CLASS A 022615108 76,313.00 1,500.000 1,500.000 1,500.000
AMERADA HESS 023551104 48,790.00 820.000 820.000 820.000
AMERICA ONLINE INC 02364J104 10,779,670.00 97,997.000 97,997.000 97,997.000
AMERICAN ELEC PWR CO 025537101 56,495.00 1,504.000 1,504.000 1,504.000
AMERICAN EXPRESS CO 025816109 1,945,628.00 14,952.000 14,952.000 14,952.000
AMERICAN GENERAL 026351106 90,909.00 1,290.000 1,290.000 1,290.000
AMER HOME PRODUCTS 026609107 12,440,337.00 216,825.000 216,825.000 216,825.000
AMER INTERNTL GROUP 026874107 12,484,236.00 106,475.000 106,475.000 106,475.000
AMERICAN STANDARD COS INC 029712106 .00 100.000 100.000 100.000
AMERICAN STORES CO 030096101 32,875.00 1,000.000 1,000.000 1,000.000
AMERICAN SUPERCONDUCTOR CORP 030111108 7,618.00 510.000 510.000 510.000
AMERITECH 030954101 973,140.00 13,240.000 13,240.000 13,240.000
AMGEN INC 031162100 420,342.00 6,905.000 6,905.000 6,905.000
AMPCO-PITTSBURGH CORP 032037103 11,531.00 900.000 900.000 900.000
ANADARKO PETE CORP 032511107 46,384.00 1,260.000 1,260.000 1,260.000
ANALOG DEVICES 032654105 217,460.00 4,333.000 4,333.000 4,333.000
ANHEUSER BUSCH 035229103 716,753.00 10,104.000 10,104.000 10,104.000
APPLE COMPUTER INC 037833100 74,100.00 1,600.000 1,600.000 1,600.000
ARCHER DANIELS MIDLD 039483102 102,657.00 6,650.000 6,650.000 6,650.000
ARGUSS HOLDINGS INC 040282105 37,875.00 2,000.000 2,000.000 2,000.000
ARIAD PHARMACEUTICALS INC 04033A100 167,321.00 133,857.000 133,857.000 133,857.000
ARMSTRONG WORLD INDS INC 042476101 37,578.00 650.000 650.000 650.000
ARROW ELECTRONICS 042735100 4,750.00 250.000 250.000 250.000
ASHLAND INC 044204105 6,019.00 150.000 150.000 150.000
ASSOCIATES FIRST CAPITAL 046008108 38,654.00 876.000 876.000 876.000
ATLANTIC RICHFIELD 048825103 898,799.00 10,756.000 10,756.000 10,756.000
AUTOMATIC DATA PROCESSING 053015103 1,810,600.00 41,150.000 41,150.000 41,150.000
REM870 FORM 13F AS OF 6/30/1999 15:40:22 8/16/1999
Page 2
Item 6 Item 8
Item 1 Item 3 Item 4 Item 5 Investment Discretion Voting Authority
-------------- ----- ----------------- --------------------- -------- --------
COMMON STOCKS
AUTONATION INC 05329W102 5,344.00 300.000 300.000 300.000
AVERY-DENNISON CORP 053611109 813,553.00 13,475.000 13,475.000 13,475.000
AVNET INC 053807103 2,325.00 50.000 50.000 50.000
AZTAR CORP 054802103 4,594.00 500.000 500.000 500.000
BP AMOCO PLC 055622104 4,384,378.00 40,409.000 40,409.000 40,409.000
BAKER HUGHES INC 057224107 50,250.00 1,500.000 1,500.000 1,500.000
BANK OF AMERICA CORP 060505104 2,741,081.00 37,389.000 37,389.000 37,389.000
BANK OF NEW YORK CO INC 064057102 1,289,207.00 35,140.000 35,140.000 35,140.000
BANC ONE CORP 06423A103 411,458.00 6,908.000 6,908.000 6,908.000
BANKAMERICA CORP 06605F102 30,177.00 440.000 440.000 440.000
BANKBOSTON CORP 06605R106 30,791,703.00 602,282.000 602,282.000 602,282.000
BANK AMERICA CORP 066050105 46,802.00 970.000 970.000 970.000
BANTA CORP 066821109 31,500.00 1,500.000 1,500.000 1,500.000
BATTLE MOUNTAIN GOLD CLASS A 071593107 244.00 100.000 100.000 100.000
BAXTER INTERNATIONAL INC 071813109 134,042.00 2,211.000 2,211.000 2,211.000
BECTON DICKINSON 075887109 54,000.00 1,800.000 1,800.000 1,800.000
BELL ATLANTIC CORP 077853109 2,584,995.00 39,541.000 39,541.000 39,541.000
BELLSOUTH CORP 079860102 1,335,412.00 28,952.000 28,952.000 28,952.000
BELO A H CORP 080555105 888,657.00 45,138.000 45,138.000 45,138.000
BEMIS COMPANY 081437105 512,775.00 12,900.000 12,900.000 12,900.000
BERKSHIRE HATHAWAY INC-A 084670108 7,504,700.00 85.000 85.000 85.000
BERKSHIRE HATHAWAY INC-B 084670207 1,850,240.00 826.000 826.000 826.000
BESTFOODS 08658U101 138,600.00 2,800.000 2,800.000 2,800.000
BIOGEN INC 090597105 25,725.00 400.000 400.000 400.000
THE BOEING COMPANY 097023105 51,084.00 1,161.000 1,161.000 1,161.000
BOISE CASCADE OFFICE PRODUCT 097403109 6,169.00 525.000 525.000 525.000
BOSTON PRIVATE BANCORP 101119105 7,500.00 1,000.000 1,000.000 1,000.000
BOSTON SCIENTIFIC CORP 101137107 197,720.00 4,500.000 4,500.000 4,500.000
BOWNE & CO INC 103043105 5,350.00 400.000 400.000 400.000
BRISTOL MYERS SQUIBB CO 110122108 19,718,141.00 279,938.000 279,938.000 279,938.000
BRITISH TELECOM PLC 111021408 85,625.00 500.000 500.000 500.000
BROWNE & SHARPE 115223109 1,088.00 200.000 200.000 200.000
BROWN FORMAN DIST A 115637100 2,930,572.00 49,150.000 49,150.000 49,150.000
BROWN FORMAN DIST B 115637209 452,336.00 6,939.000 6,939.000 6,939.000
BURLINGTON NORTHERN SANTA FE 12189T104 55,800.00 1,800.000 1,800.000 1,800.000
BURLINGTON RESOURCES 122014103 37,628.00 870.000 870.000 870.000
CAIS US 12476Q102 18,375.00 1,000.000 1,000.000 1,000.000
CCB FINANCIAL CORP 124875105 75,294.00 1,424.000 1,424.000 1,424.000
CBS CORPORATION 12490K107 111,520.00 2,560.000 2,560.000 2,560.000
CECO ENVIROMENTAL CORP 125141101 28,875.00 8,250.000 8,250.000 8,250.000
CIGNA CORP 125509109 472,590.00 5,310.000 5,310.000 5,310.000
CMG INFO SVCS INC 125750109 313,671.00 2,750.000 2,750.000 2,750.000
CML GROUP 125820100 13.00 575.000 575.000 575.000
C S X CORP 126408103 242,531.00 5,345.000 5,345.000 5,345.000
CVS CORP 126650100 1,814,314.00 35,750.000 35,750.000 35,750.000
CABOT CORP 127055101 129,403.00 5,350.000 5,350.000 5,350.000
CABOT OIL & GAS CORP 127097103 37,250.00 2,000.000 2,000.000 2,000.000
CACI INTL INC CL A 127190304 15,750.00 700.000 700.000 700.000
CADBURY SCHWEPPES PLC 127209302 17,786.00 668.000 668.000 668.000
CALCOMP TECHNOLOGY INC 128701109 3.00 150.000 150.000 150.000
CAMBRIDGE BANCORP 132152109 2,139,192.00 32,412.000 32,412.000 32,412.000
REM870 FORM 13F AS OF 6/30/1999 15:40:22 8/16/1999
Page 3
Item 6 Item 8
Item 1 Item 3 Item 4 Item 5 Investment Discretion Voting Authority
-------------- ----- ----------------- --------------------- -------- --------
COMMON STOCKS
CAMBRIDGE TECH 132524109 8,781.00 500.000 500.000 500.000
CAMPBELL SOUP CO 134429109 606,771.00 13,084.000 13,084.000 13,084.000
CANADIAN PACIFIC LTD NEW 135923100 14,287.00 600.000 600.000 600.000
CARDINAL HEALTH INC 14149Y108 18,620.00 290.000 290.000 290.000
CAREMARK INTERNATIONAL INC 141704106 1,500.00 64.000 64.000 64.000
CARLISLE COS INC 142339100 62,563.00 1,300.000 1,300.000 1,300.000
CAROLINA PWR & LIGHT 144141108 8,562.00 200.000 200.000 200.000
CARPENTER TECH CORP 144285103 17,138.00 600.000 600.000 600.000
CATELLUS DEVELOPMENT CORP 149111106 3,508.00 230.000 230.000 230.000
CATERPILLAR TRACTOR 149123101 195,079.00 3,251.000 3,251.000 3,251.000
CENTRL & SWEST CORP 152357109 293,824.00 12,570.000 12,570.000 12,570.000
CENTRAL NEWSPAPERS CL A 154647101 11,250.00 300.000 300.000 300.000
CHAMPION INTL CORP 158525105 2,688.00 55.000 55.000 55.000
CHANCELLOR MEDIA CORP 158915108 183,346.00 3,326.000 3,326.000 3,326.000
CHASE MANHATTAN CORP NEW 16161A108 5,248,042.00 60,671.000 60,671.000 60,671.000
CHEVRON CORP 166751107 10,566,131.00 111,149.000 111,149.000 111,149.000
CHOICEPOINT INC 170388102 21,480.00 320.000 320.000 320.000
CHUBB CORPORATION 171232101 8,744,217.00 125,816.000 125,816.000 125,816.000
CINCINNATI FINANCIAL CP 172062101 707,306.00 18,830.000 18,830.000 18,830.000
CIRCUIT CITY STORES 172737108 18,600.00 200.000 200.000 200.000
CISCO SYSTEMS INC 17275R102 32,037,842.00 497,192.000 497,192.000 497,192.000
CITIGROUP INC 172967101 4,392,946.00 92,484.000 92,484.000 92,484.000
CITIZENS UTILITY CLASS B 177342201 137,828.00 12,389.000 12,389.000 12,389.000
CLOROX COMPANY 189054109 1,132,207.00 10,600.000 10,600.000 10,600.000
COCA COLA 191216100 15,419,806.00 248,706.000 248,706.000 248,706.000
COHERENT INC 192479103 47,494.00 2,550.000 2,550.000 2,550.000
COLGATE PALMOLIVE 194162103 638,674.00 6,484.000 6,484.000 6,484.000
COMCAST CORP CLASS A 200300101 54,000.00 1,500.000 1,500.000 1,500.000
COMCAST CORP SPECIAL CL A 200300200 134,531.00 3,500.000 3,500.000 3,500.000
COMERICA INC 200340107 11,888.00 200.000 200.000 200.000
COMMERCE BANCSHARES INC 200525103 128,277.00 3,187.000 3,187.000 3,187.000
COMMERCIAL FEDERAL CORP 201647104 51,013.00 2,200.000 2,200.000 2,200.000
COMM FIRST BANKSHARES 203902101 54,913.00 2,300.000 2,300.000 2,300.000
COMPAQ COMPUTER CORP 204493100 834,227.00 35,218.000 35,218.000 35,218.000
COMPUTER ASSOCIATES INTL INC 204912109 36,956.00 675.000 675.000 675.000
CONCORD COMMUNICATIONS 206186108 103,500.00 2,300.000 2,300.000 2,300.000
CONEXANT SYSTEMS INC 207142100 28,567.00 492.000 492.000 492.000
CONSOLIDATED NATURAL GAS 209615103 48,600.00 800.000 800.000 800.000
CONSOLIDATED PAPERS INC 209759109 4,815.00 180.000 180.000 180.000
CONSTELLATION ENERGY 210371100 94,652.00 3,195.000 3,195.000 3,195.000
COOPER INDUSTRIES 216669101 49,244.00 947.000 947.000 947.000
COOPER TIRE & RUBBER 216831107 3,544.00 150.000 150.000 150.000
CORNING INC 219350105 413,738.00 5,900.000 5,900.000 5,900.000
COSTCO COMPANIES INC 22160Q102 400,310.00 5,000.000 5,000.000 5,000.000
COVANCE INC 222816100 6,582.00 275.000 275.000 275.000
COX COMMUNICATIONS INC CLASS A 224044107 66,263.00 1,800.000 1,800.000 1,800.000
CRESTLINE CAPITAL 226153104 1,513.00 90.000 90.000 90.000
A T CROSS 227478104 1,113.00 200.000 200.000 200.000
CROWN CORK & SEAL CO INC 228255105 6,840.00 240.000 240.000 240.000
CYPROS PHARMACEUTICAL CORP 232808105 9,500.00 4,000.000 4,000.000 4,000.000
DANA CORPORATION 235811106 91,664.00 1,990.000 1,990.000 1,990.000
REM870 FORM 13F AS OF 6/30/1999 15:40:22 8/16/1999
Page 4
Item 6 Item 8
Item 1 Item 3 Item 4 Item 5 Investment Discretion Voting Authority
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COMMON STOCKS
DARDEN RESTAURANTS, INC 237194105 273,752.00 12,550.000 12,550.000 12,550.000
DARLING DELAWARE COMMON STOCK 237266101 2,325.00 1,200.000 1,200.000 1,200.000
DEBEERS CONS MNS ADR 240253302 9,550.00 400.000 400.000 400.000
DEERE & CO 244199105 15,675.00 400.000 400.000 400.000
DELL COMPUTER 247025109 2,266,768.00 61,264.000 61,264.000 61,264.000
DELPHI AUTOMOTIVE SYSTEMS 247126105 47,730.00 2,580.000 2,580.000 2,580.000
DELTA AIRLINES 247361108 57,625.00 1,000.000 1,000.000 1,000.000
DELUXE CORP 248019101 67,922.00 1,750.000 1,750.000 1,750.000
DIEBOLD INC 253651103 984,662.00 34,249.000 34,249.000 34,249.000
DIGITAL RIVER 25388B104 3,325.00 100.000 100.000 100.000
DILLARDS INC-CL A 254067101 6,147.00 175.000 175.000 175.000
DISNEY (WALT) PRODUCTIONS 254687106 15,053,984.00 488,567.000 488,567.000 488,567.000
DOMINION RES INC 257470104 128,075.00 2,957.000 2,957.000 2,957.000
R R DONNELLEY & SONS CO 257867101 211,257.00 5,700.000 5,700.000 5,700.000
DOVER CORP 260003108 42,000.00 1,200.000 1,200.000 1,200.000
DOW CHEMICAL CO 260543103 307,039.00 2,420.000 2,420.000 2,420.000
DOW JONES 260561105 180,413.00 3,400.000 3,400.000 3,400.000
DUPONT 263534109 4,110,711.00 60,175.000 60,175.000 60,175.000
DUFF & PHELPS CREDIT RATING 26432F109 284,219.00 4,250.000 4,250.000 4,250.000
DUKE POWER 264399106 263,804.00 4,846.000 4,846.000 4,846.000
DUN & BRADSTREET CORP 26483B106 327,265.00 9,235.000 9,235.000 9,235.000
EMC CORP/MASS 268648102 10,185,230.00 185,186.000 185,186.000 185,186.000
ESCO 269030201 205.00 16.000 16.000 16.000
EASTERN ENTERPRISES 27637F100 205,428.00 5,168.000 5,168.000 5,168.000
EASTMAN CHEM 277432100 17,596.00 340.000 340.000 340.000
EASTMAN KODAK CO 277461109 599,049.00 8,842.000 8,842.000 8,842.000
EATON CORP 278058102 66,700.00 725.000 725.000 725.000
EATON VANCE CORP 278265103 6,352,111.00 184,453.000 184,453.000 184,453.000
ECHO BAY MINES 278751102 144.00 100.000 100.000 100.000
EDISON INTERNATIONAL 281020107 176,818.00 6,610.000 6,610.000 6,610.000
EL PASO ENERGY CORP 283905107 2,885.00 82.000 82.000 82.000
ELAN CORP PLC-SPONS ADR 284131208 94,905.00 3,420.000 3,420.000 3,420.000
EMERSON ELEC CO 291011104 3,219,259.00 51,150.000 51,150.000 51,150.000
ENERGY GROUP PLC-SPON ADR 292691102 6,109.00 108.000 108.000 108.000
ENRON CORP 293561106 587,783.00 7,190.000 7,190.000 7,190.000
ENTREMED INC 29382F103 29,250.00 1,300.000 1,300.000 1,300.000
EQUIFAX 294429105 2,763,783.00 77,445.000 77,445.000 77,445.000
EQUITY INCOME FUND(AT&T) 294700703 310,066.00 1,497.000 1,497.000 1,497.000
EQUITY OFFICE PROPERTIES 294741103 72,058.00 2,812.000 2,812.000 2,812.000
ERICSSON (LM) TEL-SP ADR 294821400 256,909.00 7,800.000 7,800.000 7,800.000
EXTREME NETWORKS INC 30226D106 .00 50.000 50.000 50.000
EXXON CORP 302290101 20,609,770.00 267,225.000 267,225.000 267,225.000
FPL GROUP INC 302571104 87,673.00 1,605.000 1,605.000 1,605.000
FRP PROPERTIES INC 30262E109 97,850.00 3,800.000 3,800.000 3,800.000
FAMILY GOLF CNETERS INC 30701A106 7,957.00 1,035.000 1,035.000 1,035.000
FDX CORP. 31304N107 309,497.00 5,705.000 5,705.000 5,705.000
FANNIE MAE 313586109 420,420.00 6,160.000 6,160.000 6,160.000
FEDERATED DEPARTMENT STORES 31410H101 231,602.00 4,375.000 4,375.000 4,375.000
FERRO CORP 315405100 47,878.00 1,741.000 1,741.000 1,741.000
FIFTH THIRD BANCORP 316773100 13,612,675.00 204,510.000 204,510.000 204,510.000
FIRST AUSTRALIA 318652104 8,199.00 1,033.000 1,033.000 1,033.000
REM870 FORM 13F AS OF 6/30/1999 15:40:22 8/16/1999
Page 5
Item 6 Item 8
Item 1 Item 3 Item 4 Item 5 Investment Discretion Voting Authority
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COMMON STOCKS
FIRST AUSTRALIA PRIME 318653102 7,865.00 1,210.000 1,210.000 1,210.000
FIRST AMERICAN CORP TENN 318900107 140,066.00 3,370.000 3,370.000 3,370.000
FIRST SECURITY CORP 336294103 2,453,502.00 90,037.000 90,037.000 90,037.000
FIRST TENN NATL CORP 337162101 7,341,262.00 191,615.000 191,615.000 191,615.000
FIRST UNION CORP 337358105 1,132,699.00 24,036.000 24,036.000 24,036.000
FIRST VIRGINIA BANKS INC 337477103 165,797.00 3,375.000 3,375.000 3,375.000
FIRSTAR CORP 33763V109 31,920.00 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 13,084,098.00 294,853.000 294,853.000 294,853.000
FLEET FINANCIAL GROUP-WTS 338915119 157,500.00 3,500.000 3,500.000 3,500.000
FLORIDA ROCK INDS 341140101 145,600.00 3,200.000 3,200.000 3,200.000
FLUOR CORP 343861100 10,125.00 250.000 250.000 250.000
FOOTSTAR INC 344912100 16,251.00 437.000 437.000 437.000
FORD MOTOR CO 345370100 198,547.00 3,518.000 3,518.000 3,518.000
FOREST LABORATORIES 345838106 191,013.00 4,130.000 4,130.000 4,130.000
FORT JAMES CORPORATION 347471104 83,325.00 2,200.000 2,200.000 2,200.000
FORTUNE BRANDS INC 349631101 82,750.00 2,000.000 2,000.000 2,000.000
FOUNDATION HEALTH SYSTEMS -A 350404109 525.00 35.000 35.000 35.000
FREEPORT-MCMORAN 356713107 .00 1.000 1.000 1.000
GATX CORP 361448103 95,156.00 2,500.000 2,500.000 2,500.000
GC COMPANIES 36155Q109 8,223.00 230.000 230.000 230.000
GTE CORP 362320103 2,997,805.00 39,706.000 39,706.000 39,706.000
GANNETT CO INC 364730101 1,004,961.00 14,080.000 14,080.000 14,080.000
GAP INC 364760108 214,321.00 4,255.000 4,255.000 4,255.000
GATEWAY 2000 INC 367833100 23,625.00 400.000 400.000 400.000
GAYLORD CONTAINER COMMON STOCK 368145108 141,287.00 17,800.000 17,800.000 17,800.000
GENENTECH INC-SPECIAL COMMON 368710307 17,512.00 200.000 200.000 200.000
GENERAL ELECTRIC CO 369604103 72,068,765.00 637,777.000 637,777.000 637,777.000
GENERAL MILLS INC 370334104 7,487,993.00 93,163.000 93,163.000 93,163.000
GENERAL MOTORS CORP 370442105 257,730.00 3,905.000 3,905.000 3,905.000
GENESIS HEALTH 371912106 150,000.00 50,000.000 50,000.000 50,000.000
GENZYME TRANSGENICS CORP 37246E105 456.00 100.000 100.000 100.000
GENUINE PARTS CO 372460105 46,113.00 1,318.000 1,318.000 1,318.000
GENZYME CORP 372917104 30,313.00 625.000 625.000 625.000
GEORGIA PACIFIC CO 373298108 203,713.00 4,300.000 4,300.000 4,300.000
GILLETTE CO 375766102 9,851,079.00 240,270.000 240,270.000 240,270.000
GLAXO WELLCOME PLC-SPONS 37733W105 243,488.00 4,300.000 4,300.000 4,300.000
GLEASON CORP 377339106 17,653.00 1,050.000 1,050.000 1,050.000
GLOBAL MARINE INC 379352404 40,300.00 2,600.000 2,600.000 2,600.000
GOLDEN WEST FINANCIAL CORP 381317106 4,900.00 50.000 50.000 50.000
B.F. GOODRICH 382388106 4,250.00 100.000 100.000 100.000
GOODYEAR TIRE RUBBER 382550101 27,935.00 475.000 475.000 475.000
HALLIBURTON CO 406216101 128,963.00 2,850.000 2,850.000 2,850.000
JOHN HANCOCK BANK & THRIFT 409735107 64,600.00 6,800.000 6,800.000 6,800.000
HARCOURT GENERAL INC 41163G101 113,438.00 2,200.000 2,200.000 2,200.000
HARLEY-DAVIDSON INC 412822108 92,438.00 1,700.000 1,700.000 1,700.000
HARRAH'S ENTERTAINMENT INC 413619107 88,250.00 4,000.000 4,000.000 4,000.000
HARTFORD FINANCIAL SVCS GRP 416515104 728,085.00 12,486.000 12,486.000 12,486.000
HARTFORD LIFE INC CL A 416592103 1,398,878.00 26,582.000 26,582.000 26,582.000
H J HEINZ CO 423074103 7,181,076.00 143,263.000 143,263.000 143,263.000
HERSHEY FOODS CORP 427866108 3,968,628.00 66,840.000 66,840.000 66,840.000
REM870 FORM 13F AS OF 6/30/1999 15:40:22 8/16/1999
Page 6
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-------------- ----- ----------------- --------------------- -------- --------
COMMON STOCKS
HEWLETT PACKARD CO 428236103 9,426,200.00 93,793.000 93,793.000 93,793.000
HEXCEL CORP 428291108 50,625.00 5,000.000 5,000.000 5,000.000
HILLENBRAND INDUSTRIES INC 431573104 21,625.00 500.000 500.000 500.000
HOECHST AKTIENGESELLSHAFT 434390308 13,800.00 300.000 300.000 300.000
HOME DEPOT 437076102 3,584,786.00 55,632.000 55,632.000 55,632.000
HOMESTAKE MINING CO 437614100 4,913.00 600.000 600.000 600.000
HORMEL FOODS CORP 440452100 4,025.00 100.000 100.000 100.000
HOST MARRIOTT CORP 44107P104 10,688.00 900.000 900.000 900.000
HOUGHTON MIFFLIN CO 441560109 1,138,913.00 24,200.000 24,200.000 24,200.000
HOUSEHOLD INTERNATIONAL 441815107 4,926,195.00 103,983.000 103,983.000 103,983.000
HUMAN GENOME SCIENCES INC 444903108 11,258.00 285.000 285.000 285.000
ICN PHARMACEUTICALS 448924100 21,469.00 667.000 667.000 667.000
IMS HEALTH INC 449934108 298,438.00 9,550.000 9,550.000 9,550.000
ITT INDUSTRIES 450911102 62,639.00 1,643.000 1,643.000 1,643.000
IDEXX LABORATORIES INC 45168D104 1,938.00 100.000 100.000 100.000
ILLINOIS TOOL WORKS 452308109 114,450.00 1,400.000 1,400.000 1,400.000
IMATION CORPORATION 45245A107 2,555.00 103.000 103.000 103.000
IMPERIAL CHEM INDS 452704505 48,098.00 1,210.000 1,210.000 1,210.000
IMPERIAL OIL LTD 453038408 68,175.00 3,600.000 3,600.000 3,600.000
INDEPENDENT BANK CORP 453836108 265,876.00 16,881.000 16,881.000 16,881.000
INGERSOLL RAND 456866102 443,004.00 6,855.000 6,855.000 6,855.000
INTEL CORP 458140100 19,631,373.00 329,939.000 329,939.000 329,939.000
INTELLIGENT MEDICAL IMAGING 45815T106 750.00 1,000.000 1,000.000 1,000.000
INTERNATL BUS MACH 459200101 11,819,146.00 91,444.000 91,444.000 91,444.000
INTL FLAVORS FRAGRNC 459506101 4,400.00 100.000 100.000 100.000
INTERNATIONAL GAME TECHNOLOGY 459902102 1,850.00 100.000 100.000 100.000
INTL PAPER CO 460146103 205,348.00 4,087.000 4,087.000 4,087.000
INTERPUBLIC GROUP COS INC 460690100 129,938.00 1,500.000 1,500.000 1,500.000
INTUIT INC 461202103 549,763.00 6,100.000 6,100.000 6,100.000
INVESTORS FINANCIAL COMMON 461915100 2,294,000.00 57,350.000 57,350.000 57,350.000
IOMEGA CORP 462030107 3,703.00 750.000 750.000 750.000
IONICS INC 462218108 37,778.00 1,035.000 1,035.000 1,035.000
IPALCO ENTERPRISES INC 462613100 38,138.00 1,800.000 1,800.000 1,800.000
ISIS PHARMACEUTICAL 464330109 17,319.00 1,700.000 1,700.000 1,700.000
ISOMET CORP 464893106 22,500.00 10,000.000 10,000.000 10,000.000
JLG INDS INC 466210101 15,281.00 750.000 750.000 750.000
JEFFERSON PILOT 475070108 1,754,099.00 26,502.000 26,502.000 26,502.000
JOHNSON & JOHNSON 478160104 16,869,880.00 172,142.000 172,142.000 172,142.000
K L A INSTRUMENTS CO 482480100 6,488.00 100.000 100.000 100.000
K MART CORP 482584109 41,250.00 2,500.000 2,500.000 2,500.000
KELLOGG CO 487836108 347,226.00 10,522.000 10,522.000 10,522.000
KIMBERLY CLARK CORP 494368103 651,738.00 11,434.000 11,434.000 11,434.000
KLEINWORT BENSON AUST 498577105 10,368.00 1,536.000 1,536.000 1,536.000
KROGER CO 501044101 229,088.00 8,200.000 8,200.000 8,200.000
ESTEE LAUDER COS INC A 518439104 15,038.00 300.000 300.000 300.000
LEUCADIA NATIONAL CORP 527288104 199,904.00 7,878.000 7,878.000 7,878.000
LEXMARK INTL GROUP INC-CL A 529771107 39,300.00 600.000 600.000 600.000
ELI LILLY & CO 532457108 10,230,419.00 142,833.000 142,833.000 142,833.000
LINCOLN NATIONAL CORP 534179106 125,000.00 1,600.000 1,600.000 1,600.000
LINCOLN NATL CORP 534187109 41,850.00 800.000 800.000 800.000
LINEAR TECHNOLOGY CORP 535678106 134,500.00 2,000.000 2,000.000 2,000.000
REM870 FORM 13F AS OF 6/30/1999 15:40:22 8/16/1999
Page 7
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Item 1 Item 3 Item 4 Item 5 Investment Discretion Voting Authority
-------------- ----- ----------------- --------------------- -------- --------
COMMON STOCKS
LITTON INDUSTRIES INC 538021106 2,888.00 40.000 40.000 40.000
LOCKHEED MARTIN CORP 539830109 45,445.00 1,220.000 1,220.000 1,220.000
LOUISIANA PAC CORP 546347105 12,320.00 516.000 516.000 516.000
LOWES COMPANIES 548661107 67,458.00 1,190.000 1,190.000 1,190.000
LUBRIZOL CORP 549271104 17,986.00 660.000 660.000 660.000
LUCENT TECHNOLOGIES INC 549463107 3,272,877.00 48,532.000 48,532.000 48,532.000
LYONDELL CHEMICAL COMPANY 552078107 2,063.00 100.000 100.000 100.000
M & T BANK CORPORATION 55261F104 77,000.00 140.000 140.000 140.000
MBIA INC 55262C100 26,549.00 410.000 410.000 410.000
MBNA CORPORATION 55262L100 261,079.00 8,525.000 8,525.000 8,525.000
MCN ENERGY GROUP 55267J100 53,950.00 2,600.000 2,600.000 2,600.000
MCI WORLDCOM INC 55268B106 9,307,754.00 108,151.000 108,151.000 108,151.000
MMC NETWORKS INC 55308N102 .00 500.000 500.000 500.000
MARK IV INDUSTRIES INC 570387100 59,023.00 2,794.000 2,794.000 2,794.000
MARSH & MCLENNAN 571748102 1,263,981.00 16,700.000 16,700.000 16,700.000
MARRIOTT INTERNATIONAL INC 571900109 3,837.00 200.000 200.000 200.000
MARRIOTT INTERNALTIONAL-CL A 571903202 189,940.00 5,082.000 5,082.000 5,082.000
MASCO CORP 574599106 34,650.00 1,200.000 1,200.000 1,200.000
MATRIA HEALTHCARE INC 576817100 15.00 2.000 2.000 2.000
MATTEL 577081102 104,997.00 4,019.000 4,019.000 4,019.000
MAY DEPT STORES 577778103 3,996,558.00 97,775.000 97,775.000 97,775.000
MAXXAM INC 577913106 384,420.00 5,960.000 5,960.000 5,960.000
MCDONALD'S CORP 580135101 1,409,766.00 34,280.000 34,280.000 34,280.000
MCGRAW-HILL COMPANIES INC. 580645109 2,291,266.00 42,480.000 42,480.000 42,480.000
MCKESSON HBOC INC 58155Q103 163,480.00 5,079.000 5,079.000 5,079.000
MCKESSON CORP-NEW 581557105 64,374.00 2,000.000 2,000.000 2,000.000
MEAD CORP 582834107 67,636.00 1,620.000 1,620.000 1,620.000
MEDIAONE GROUP INC 58440J104 1,278,581.00 17,191.000 17,191.000 17,191.000
MEDTRONIC 585055106 3,673,679.00 47,174.000 47,174.000 47,174.000
MELLON BANK CORP 585509102 14,889,360.00 409,329.000 409,329.000 409,329.000
MERCHANTS CAPITAL CORP 588530204 450.00 450.000 450.000 450.000
MERCK & CO 589331107 46,274,978.00 628,522.000 628,522.000 628,522.000
MERCURY FINANCE 589395102 5,213.00 32,579.000 32,579.000 32,579.000
MEREDITH CORP 589433101 3,463.00 100.000 100.000 100.000
MICROSOFT CORP 594918104 35,535,905.00 394,022.000 394,022.000 394,022.000
MILLENNIUM CHEMICALS INC 599903101 5,184.00 220.000 220.000 220.000
MINNESOTA MINING MFG 604059105 2,708,106.00 31,150.000 31,150.000 31,150.000
MIRAGE RESORTS 60462E104 1,303,988.00 77,850.000 77,850.000 77,850.000
MOBIL CORP 607059102 5,704,299.00 57,765.000 57,765.000 57,765.000
MOLEX 608554101 22,200.00 600.000 600.000 600.000
MONSANTO 611662107 2,512,616.00 63,510.000 63,510.000 63,510.000
MONTANA POWER CO 612085100 56,400.00 800.000 800.000 800.000
J P MORGAN & CO 616880100 6,851,484.00 48,765.000 48,765.000 48,765.000
MORGAN ST DEAN WITTER & CO 617446448 271,750.00 2,648.000 2,648.000 2,648.000
MSDW INCOME SECURITIES INC 61745P874 3,404.00 201.000 201.000 201.000
MOTOROLA INC 620076109 3,656,974.00 38,596.000 38,596.000 38,596.000
NL INDUSTRIES 629156407 152,969.00 13,750.000 13,750.000 13,750.000
NUCO2 INC 629428103 23,625.00 2,700.000 2,700.000 2,700.000
NABORS INDUSTRIES 629568106 36,563.00 1,500.000 1,500.000 1,500.000
NALCO CHEMICAL CO 629853102 1,556.00 30.000 30.000 30.000
NATIONAL BANCORP ALASKA 632587101 7,902,459.00 298,206.000 298,206.000 298,206.000
REM870 FORM 13F AS OF 6/30/1999 15:40:22 8/16/1999
Page 8
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-------------- ----- ----------------- --------------------- -------- --------
COMMON STOCKS
NATL CITY CORP 635405103 65,500.00 1,000.000 1,000.000 1,000.000
NATIONAL SEMICONDUCTOR 637640103 5,063.00 200.000 200.000 200.000
NAVISTAR INTL CORP NEW 63934E108 5,000.00 100.000 100.000 100.000
NEW ENGLAND BANCORP 643859101 285.00 285.000 285.000 285.000
NEW ENG ELEC SYS 644001109 362,003.00 7,222.000 7,222.000 7,222.000
NEW PLAN EXCEL 648059103 22,563.00 1,000.000 1,000.000 1,000.000
NEW YORK TIMES CO A 650111107 237,588.00 6,454.000 6,454.000 6,454.000
NEWBRIDGE NETWORKS CORP 650901101 28,750.00 1,000.000 1,000.000 1,000.000
NEWELL RUBBERMAID 651229106 111,300.00 2,400.000 2,400.000 2,400.000
NEWMONT MINING CO 651639106 21,902.00 1,102.000 1,102.000 1,102.000
NEWPORT NEWS SHIPBUILDING 652228107 1,593.00 54.000 54.000 54.000
NIELSEN MEDIA RESEARCH 653929307 56,131.00 1,919.000 1,919.000 1,919.000
NICOR INC 654086107 76,125.00 2,000.000 2,000.000 2,000.000
NIKE 654106103 14,576.00 230.000 230.000 230.000
NOKIA CORP SPONSORED 654902204 271,484.00 2,965.000 2,965.000 2,965.000
NOBLE DRILLING CORP 655042109 5,906.00 300.000 300.000 300.000
NORFOLK & SOUTHERN 655844108 286,490.00 9,510.000 9,510.000 9,510.000
NORTELL NETWORKS CORP 656569100 370,255.00 4,265.000 4,265.000 4,265.000
NORTHERN TRUST 665859104 566,286.00 5,838.000 5,838.000 5,838.000
OGE ENERGY CORP 670837103 102,125.00 4,300.000 4,300.000 4,300.000
OAK INDUSTRIES INC 671400505 87,750.00 2,000.000 2,000.000 2,000.000
OCCIDENTAL PETROLEUM CO 674599105 9,507.00 450.000 450.000 450.000
OHIO CASUALTY CORP 677240103 2,345,612.00 64,930.000 64,930.000 64,930.000
OLD REPUBLIC INTL CP 680223104 2,597.00 150.000 150.000 150.000
OMEGA HEALTHCARE INVESTORS 681936100 5,162.00 200.000 200.000 200.000
ORACLE CORPORATION 68389X105 490,869.00 13,222.000 13,222.000 13,222.000
PECO ENERGY CO 693304107 96,313.00 2,300.000 2,300.000 2,300.000
P G & E CORP 69331C108 37,303.00 1,150.000 1,150.000 1,150.000
PE-CORP CLERA GENOMICS 69332S201 3,238.00 200.000 200.000 200.000
PMC CAPITAL 693430100 8,375.00 1,000.000 1,000.000 1,000.000
PP & L RESOURCES 693499105 12,300.00 400.000 400.000 400.000
P P G INDUSTRIES INC 693506107 336,184.00 5,692.000 5,692.000 5,692.000
PACIFIC CENTURY FINANCIAL CORP 694058108 409,690.00 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 14,333.00 780.000 780.000 780.000
PAINE WEBBER GROUP INC 695629105 815,742.00 17,449.000 17,449.000 17,449.000
PARAMETRIC TECHNOLOGY CORP 699173100 29,970.00 2,160.000 2,160.000 2,160.000
PAXSON COMM 704231109 12,750.00 1,000.000 1,000.000 1,000.000
PAYCHEX INC 704326107 86,063.00 2,700.000 2,700.000 2,700.000
PAYLESS SHOESOURCE INC 704379106 50,665.00 947.000 947.000 947.000
PEERLESS SYSTEMS CORP 705536100 219,114.00 20,868.000 20,868.000 20,868.000
J C PENNEY 708160106 230,429.00 4,745.000 4,745.000 4,745.000
PEOPLE'S HERITAGE SAVINGS 711147108 75,248.00 4,000.000 4,000.000 4,000.000
PEPSICO 713448108 5,470,702.00 141,407.000 141,407.000 141,407.000
PE CORP-PE BIOSYSTEMS GROUP 714041100 22,950.00 200.000 200.000 200.000
PERRIGO COMPANY 714290103 15,250.00 2,000.000 2,000.000 2,000.000
PFIZER INC 717081103 31,380,419.00 692,629.000 692,629.000 692,629.000
PHELPS DODGE 717265102 30,969.00 500.000 500.000 500.000
PHILIP MORRIS COS INC 718154107 1,875,753.00 46,675.000 46,675.000 46,675.000
PHILLIPS PETROLEUM 718507106 52,828.00 1,050.000 1,050.000 1,050.000
PHYCOR INC 71940F100 5,199.00 702.000 702.000 702.000
REM870 FORM 13F AS OF 6/30/1999 15:40:22 8/16/1999
Page 9
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-------------- ----- ----------------- --------------------- -------- --------
COMMON STOCKS
PINNACLE WEST CAP CORP 723484101 11,512.00 286.000 286.000 286.000
PIONEER HI-BRED INTL 723686101 108,823.00 2,700.000 2,700.000 2,700.000
PITNEY BOWES INC 724479100 764,575.00 11,900.000 11,900.000 11,900.000
PLACER DOME INC 725906101 10,810.00 920.000 920.000 920.000
POTOMAC ELEC PWR 737679100 44,156.00 1,500.000 1,500.000 1,500.000
PRAXAIR INC 74005P104 9,788.00 200.000 200.000 200.000
T ROWE PRICE ASSOCIATES 741477103 2,218,075.00 57,800.000 57,800.000 57,800.000
PROCTER & GAMBLE 742718109 25,028,754.00 280,434.000 280,434.000 280,434.000
PROGRESSIVE CORP 743315103 29,000.00 200.000 200.000 200.000
PROPERTY CAPITAL TRUST 74343M102 185.00 369.000 369.000 369.000
PROVIDENT COMPANIES INC 743862104 305,320.00 7,633.000 7,633.000 7,633.000
PROVIDENT FINANCIAL GROUP 743866105 3,544.00 81.000 81.000 81.000
PROVIDIAN FINANCIAL CORP 74406A102 762,319.00 8,175.000 8,175.000 8,175.000
PUBLIC SERVICE ENTERPRISES 744573106 30,609.00 750.000 750.000 750.000
PUGET SOUND POWER & LIGHT 745332106 2,400.00 100.000 100.000 100.000
QUAKER OATS 747402105 1,443,459.00 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 31,126.00 1,137.000 1,137.000 1,137.000
QUESTAR CORP 748356102 38,250.00 2,000.000 2,000.000 2,000.000
QUIXOTE CORP 749056107 7,313.00 600.000 600.000 600.000
QWEST COMMUNICATIONS 749121109 114,992.00 3,478.000 3,478.000 3,478.000
RH DONNELLEY CORP 74955W307 36,132.00 1,847.000 1,847.000 1,847.000
RJR NABISCO HOLDINGS CORP 74960K876 2,152.00 110.000 110.000 110.000
RALCORP HOLDINGS INC 751028101 4,289.00 266.000 266.000 266.000
RALSTON-RALSTON PURINA GRP INC 751277302 265,993.00 8,739.000 8,739.000 8,739.000
RANGER OIL LTD 752805101 9,875.00 2,000.000 2,000.000 2,000.000
RAYONIER INC 754907103 6,227.00 125.000 125.000 125.000
RAYTHEON CO CL B 755111408 500,550.00 7,100.000 7,100.000 7,100.000
REGENERON PHARM INC 75886F107 31,250.00 4,000.000 4,000.000 4,000.000
REGIONS FINANCIAL CORP 758940100 727,433.00 18,925.000 18,925.000 18,925.000
RELIANT ENERGY INC 75952J108 82,046.00 2,970.000 2,970.000 2,970.000
REPUBLIC BANCSHARES INC 759929102 4,100.00 200.000 200.000 200.000
REPUBLIC, NY 760719104 93,077.00 1,365.000 1,365.000 1,365.000
REPUBLIC SECURITY FINL CORP 760758102 96,916.00 11,572.000 11,572.000 11,572.000
REUTERS HLDGS PLC 76132M102 129,376.00 1,596.000 1,596.000 1,596.000
REYNOLDS METALS CO 761763101 84,606.00 1,434.000 1,434.000 1,434.000
RHONE-POULENC 762426609 18,525.00 400.000 400.000 400.000
RIGGS NATIONAL CORP 766570105 20,563.00 1,000.000 1,000.000 1,000.000
RIGHT MANAGEMENT CONSULTANTS 766573109 34,875.00 2,250.000 2,250.000 2,250.000
RITE AID 767754104 98,500.00 4,000.000 4,000.000 4,000.000
ROCKWELL INTL CORP 773903109 59,839.00 985.000 985.000 985.000
ROGERS CORPORATION 775133101 17,700.00 600.000 600.000 600.000
ROYAL BANK OF CANADA 780087102 88,750.00 2,000.000 2,000.000 2,000.000
ROYAL BK OF SCOTLAND PRFD C 780097408 21,710.00 833.000 833.000 833.000
ROYAL DUTCH PETRO-NY SHARES 780257804 11,960,196.00 198,509.000 198,509.000 198,509.000
RYDER SYSTEM INC 783549108 2,575.00 100.000 100.000 100.000
SBC COMMUNICATIONS 78387G103 2,062,248.00 35,556.000 35,556.000 35,556.000
SLI INC 78442T108 5,400.00 200.000 200.000 200.000
SABRE GROUP HOLDINGS 785905100 20,625.00 300.000 300.000 300.000
SAFEGUARD SCIENTIFICS 786449108 1,134,000.00 18,000.000 18,000.000 18,000.000
SAFESKIN CORP 786454108 59,880.00 4,990.000 4,990.000 4,990.000
REM870 FORM 13F AS OF 6/30/1999 15:40:22 8/16/1999
Page 10
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-------------- ----- ----------------- --------------------- -------- --------
COMMON STOCKS
SAFEWAY INC NEW 786514208 24,948.00 504.000 504.000 504.000
ST PAUL COMPANIES INC 792860108 2,167,902.00 68,146.000 68,146.000 68,146.000
SARA LEE CORP 803111103 6,499,205.00 286,466.000 286,466.000 286,466.000
SCAN OPTICS INC 805894102 4,375.00 1,000.000 1,000.000 1,000.000
SCHERING-PLOUGH CORP 806605101 2,745,582.00 52,297.000 52,297.000 52,297.000
SCHLUMBERGER LTD 806857108 688,846.00 10,816.000 10,816.000 10,816.000
SCOTTS COMPANY 810186106 23,813.00 500.000 500.000 500.000
SEAGRAM CO LTD 811850106 31,484.00 625.000 625.000 625.000
SEARS ROEBUCK & CO 812387108 195,629.00 4,390.000 4,390.000 4,390.000
SERVICE CORPORATION 817565104 23,100.00 1,200.000 1,200.000 1,200.000
SERVICEMASTER COMPANY 81760N109 582,694.00 31,077.000 31,077.000 31,077.000
SHARED MED SYS CORP 819486101 26,100.00 400.000 400.000 400.000
SHELL TRANS & TRADING NYSHNEW 822703609 1,672,793.00 36,050.000 36,050.000 36,050.000
SHERWIN WILLIAMS CO 824348106 488,401.00 17,600.000 17,600.000 17,600.000
SINCLAIR BROADCAST GROUP-A 829226109 29,475.00 1,800.000 1,800.000 1,800.000
SMITH INTERNATIONAL 832110100 86,874.00 2,000.000 2,000.000 2,000.000
SMITHKLINE BEECHAM PLC 832378301 460,986.00 6,978.000 6,978.000 6,978.000
SODEXHO MARRIOTT SERVICES 833793102 12,165.00 634.000 634.000 634.000
SOLUTIA INC 834376105 23,486.00 1,102.000 1,102.000 1,102.000
SONAT 835415100 225,250.00 6,800.000 6,800.000 6,800.000
SOTHEBY'S HOLDINGS CL A 835898107 38,125.00 1,000.000 1,000.000 1,000.000
SOURCE CAPITAL INCC 836144105 14,813.00 300.000 300.000 300.000
SOUTH JERSEY INDUSTRIES INC 838518108 14,439.00 510.000 510.000 510.000
SOUTHERN CO 842587107 143,100.00 5,400.000 5,400.000 5,400.000
SPRINT CORP (FON GROUP) 852061100 318,000.00 6,000.000 6,000.000 6,000.000
SPRINT CORP(PCS GROUP) 852061506 34,200.00 600.000 600.000 600.000
STAAR SURGICAL CO 852312305 13,250.00 1,000.000 1,000.000 1,000.000
STAPLES INC 855030102 1,117,493.00 36,121.000 36,121.000 36,121.000
STARBUCKS CORPORATION 855244109 165,273.00 4,400.000 4,400.000 4,400.000
STATE BANCORP 855716106 120,877.00 7,155.000 7,155.000 7,155.000
STARWOOD HOTELS & RESORTS WO 85590A203 46,027.00 1,506.000 1,506.000 1,506.000
STARWOOD HOTELS & RESORTS 855905204 5,593.00 183.000 183.000 183.000
STATE STREET CORP 857477103 8,245,527.00 96,580.000 96,580.000 96,580.000
STEPAN CO 858586100 50,750.00 2,000.000 2,000.000 2,000.000
STRIDE RITE CORP 863314100 50,768.00 4,923.000 4,923.000 4,923.000
SUMMIT TECHNOLOGY 86627E101 6,600.00 300.000 300.000 300.000
SUN MICROSYSTEMS INC 866810104 1,398,163.00 20,300.000 20,300.000 20,300.000
SUNRISE TECHNOLOGIES INC 86769L103 12,250.00 1,000.000 1,000.000 1,000.000
SUNTRUST BANKS INC 867914103 236,088.00 3,400.000 3,400.000 3,400.000
SYMBOL TECHNOLOGIES 871508107 489,221.00 13,267.000 13,267.000 13,267.000
SYSCO CORP 871829107 2,704,592.00 90,720.000 90,720.000 90,720.000
TCA CABLE TV 872241104 438,450.00 7,900.000 7,900.000 7,900.000
TECO ENERGY INC 872375100 1,707,706.00 75,064.000 75,064.000 75,064.000
TRW INC 872649108 87,800.00 1,600.000 1,600.000 1,600.000
TAUBMAN CENTERS INC 876664103 19,781.00 1,500.000 1,500.000 1,500.000
TECH DATA CORP 878237106 2,869.00 75.000 75.000 75.000
TELE DANMARK ADR 879242105 15,450.00 600.000 600.000 600.000
TELECOM CORP NEW ZEALAND 879278208 533,146.00 15,260.000 15,260.000 15,260.000
TELEFONOS DE MEXICO AADR 879403400 4,000.00 1,000.000 1,000.000 1,000.000
TEMPLE INLAND 879868107 118,447.00 1,726.000 1,726.000 1,726.000
TENNECO NEW 88037E101 50,209.00 2,103.000 2,103.000 2,103.000
REM870 FORM 13F AS OF 6/30/1999 15:40:22 8/16/1999
Page 11
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Item 1 Item 3 Item 4 Item 5 Investment Discretion Voting Authority
-------------- ----- ----------------- --------------------- -------- --------
COMMON STOCKS
TERADYNE INC 880770102 4,306.00 60.000 60.000 60.000
TEXACO 881694103 584,080.00 9,364.000 9,364.000 9,364.000
TEXAS INSTRUMENTS INC 882508104 417,600.00 2,900.000 2,900.000 2,900.000
TEXAS UTILITIES CO 882848104 71,646.00 1,729.000 1,729.000 1,729.000
TEXTRON INC 883203101 2,391,178.00 29,050.000 29,050.000 29,050.000
THERMO ELECTRON CORP 883556102 220,246.00 10,978.000 10,978.000 10,978.000
THERMO INSTRUMENT 883559106 46,848.00 2,928.000 2,928.000 2,928.000
3COM CORPORATION 885535104 60,046.00 2,250.000 2,250.000 2,250.000
TIME WARNER 887315109 27,245,440.00 375,152.000 375,152.000 375,152.000
TORCHMARK CORP 891027104 6,825.00 200.000 200.000 200.000
TRANSAMERICA CORP 893485102 15,000.00 200.000 200.000 200.000
TREDEGAR INDUSTRIES 894650100 20,250.00 900.000 900.000 900.000
TRENWICK GROUP INC 895290104 22,191.00 900.000 900.000 900.000
TRICON GLOBAL RESTRAURANTS INC 895953107 56,290.00 1,040.000 1,040.000 1,040.000
TRIBUNE CO 896047107 227,396.00 2,610.000 2,610.000 2,610.000
TRINITY INDUSTRIES 896522109 116,245.00 3,470.000 3,470.000 3,470.000
TRIZEC HAHN CORP 896938107 10,188.00 500.000 500.000 500.000
TYCO INTERNATIONAL LTD 902124106 1,096,163.00 11,569.000 11,569.000 11,569.000
UST CORPORATION 902900109 60,500.00 2,000.000 2,000.000 2,000.000
USX-MARATHON GROUP 902905827 65,124.00 2,000.000 2,000.000 2,000.000
U S BANCORP 902973106 100,125.00 3,000.000 3,000.000 3,000.000
USF & G 903290104 11,875.00 500.000 500.000 500.000
UNILEVER N V 904784709 52,034.00 746.000 746.000 746.000
UNION CAMP CORP 905530101 43,657.00 550.000 550.000 550.000
UNION CARBIDE CO 905581104 18,038.00 370.000 370.000 370.000
UNION PACIFIC CORP 907818108 720,452.00 12,355.000 12,355.000 12,355.000
UNION PACIFIC RESOURCE GR 907834105 97,760.00 5,993.000 5,993.000 5,993.000
UNITED ASSET MGMT CORP 909420101 4,550.00 200.000 200.000 200.000
UNITED BANKSHARES INC 909907107 2,650.00 100.000 100.000 100.000
US BIO-SCIENCE 911646107 155.00 18.000 18.000 18.000
US WEST INC 91273H101 370,948.00 6,314.000 6,314.000 6,314.000
UNITED TECHNOLOGIES 913017109 1,660,320.00 23,060.000 23,060.000 23,060.000
UNOCAL CORP 915289102 43,588.00 1,100.000 1,100.000 1,100.000
V F CORP 918204108 47,025.00 1,100.000 1,100.000 1,100.000
VSI ENTERPRISES INC 91832B884 1,016.00 2,500.000 2,500.000 2,500.000
VENTURE STORES, INC. 923275101 6.00 869.000 869.000 869.000
VISX INC 92844S105 5,629,044.00 71,085.000 71,085.000 71,085.000
VLASIC FOODS INTERNATIONAL 928559103 7,394.00 1,011.000 1,011.000 1,011.000
VODAFONE GROUP PLC 92857T107 666,932.00 3,388.000 3,388.000 3,388.000
WD-40 CO 929236107 75,000.00 3,000.000 3,000.000 3,000.000
WACHOVIA CORPORATION 929771103 135,274.00 1,581.000 1,581.000 1,581.000
WAL-MART STORES INC 931142103 5,168,836.00 107,126.000 107,126.000 107,126.000
WALGREEN CO 931422109 235,000.00 8,000.000 8,000.000 8,000.000
WALTER INDUSTRIES 93317Q105 58,866.00 4,550.000 4,550.000 4,550.000
WARNER LAMBERT CO 934488107 9,785,764.00 141,566.000 141,566.000 141,566.000
WASHINGTON MUTUAL INC 939322103 8,719,193.00 245,179.000 245,179.000 245,179.000
WASHINGTON POST 939640108 892,127.00 1,659.000 1,659.000 1,659.000
WASTE MANAGEMENT INC 94106L109 139,213.00 2,590.000 2,590.000 2,590.000
WATSON PHARMACEUTICAL INC 942683103 280,496.00 8,000.000 8,000.000 8,000.000
WATTS INDUSTRIES INC 942749102 38,374.00 2,000.000 2,000.000 2,000.000
WELLS FARGO COMPANY(NEW) 949746101 391,163.00 9,150.000 9,150.000 9,150.000
REM870 FORM 13F AS OF 6/30/1999 15:40:22 8/16/1999
Page 12
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Item 1 Item 3 Item 4 Item 5 Investment Discretion Voting Authority
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COMMON STOCKS
WESTERN RESOURCES 959425109 63,847.00 2,398.000 2,398.000 2,398.000
WESTPOINT STEVENS INC 961238102 10,194,100.00 341,940.000 341,940.000 341,940.000
WESTVACO CORP 961548104 8,120.00 280.000 280.000 280.000
WEYERHAEUSER CO 962166104 10,313.00 150.000 150.000 150.000
WHIRLPOOL CORP 963320106 11,100.00 150.000 150.000 150.000
WHITE ELECTRONIC DESIGN 963801105 4,400.00 2,200.000 2,200.000 2,200.000
WHOLE FOODS MKT INC 966837106 102,854.00 2,140.000 2,140.000 2,140.000
WILLAMETTE INDUSTRIES INC 969133107 11,054.00 240.000 240.000 240.000
WILMINGTON TRUST CORP 971807102 28,688.00 500.000 500.000 500.000
WIND RIVER SYSTEMS LTD 973149107 7,228.00 450.000 450.000 450.000
WINSTAR COMMUNICATIONS 975515107 375,375.00 7,700.000 7,700.000 7,700.000
WISCONSIN ENERGY CORP 976657106 32,582.00 1,300.000 1,300.000 1,300.000
WRIGLEY WM 982526105 182,013.00 2,041.000 2,041.000 2,041.000
XEROX 984121103 5,886,172.00 99,660.000 99,660.000 99,660.000
ZENECA GROUP PLC ADR 98934D106 153,075.00 3,900.000 3,900.000 3,900.000
ZIONS BANCORPORATION 989701107 29,779,913.00 468,975.000 468,975.000 468,975.000
COMMON STOCKS TOTAL * 932,042,314.00 15,992,769.000 15,992,769.000 15,992,769.000
GROWTH FUNDS
BAKER FENTRESS & CO 057213100 190,000.00 10,000.000 10,000.000 10,000.000
CENTRAL SECURITIES CORP 155123102 471,699.00 17,231.000 17,231.000 17,231.000
FIRST FINANCIAL FUND 320228109 422,861.00 48,327.000 48,327.000 48,327.000
H&Q HEALTHCARE INVSTRS FD 404052102 55,905.00 3,839.000 3,839.000 3,839.000
LATIN AMERICA EQUITY FUND 51827T100 23,875.00 2,000.000 2,000.000 2,000.000
MEXICO FUND INC 592835102 97,519.00 5,633.000 5,633.000 5,633.000
GROWTH FUNDS TOTAL * 1,261,859.00 87,030.000 87,030.000 87,030.000
INCOME FUNDS
THE NEW AMERICA HIGH INC FD 641876107 767,349.00 170,521.000 170,521.000 170,521.000
NUVEEN OHIO QUALITY INC 670980101 30,742.00 1,763.000 1,763.000 1,763.000
INCOME FUNDS TOTAL * 798,091.00 172,284.000 172,284.000 172,284.000
MUTUAL FUND NON-TAXABLE
NUVEEN NY QUALITY INC 670986108 22,875.00 1,500.000 1,500.000 1,500.000
MUTUAL FUND NON-TAXABLE TOTAL * 22,875.00 1,500.000 1,500.000 1,500.000
LIMITED PARTNERSHIP
BUCKEYE PARTNERS L P 118230101 22,000.00 800.000 800.000 800.000
HERITAGE PROPANE PARTNERS 426918108 21,969.00 950.000 950.000 950.000
KINDER MORGAN ENERGY PRTNRS 494550106 35,927.00 971.000 971.000 971.000
LEVIATHAN GAS 527367106 36,600.00 1,600.000 1,600.000 1,600.000
NORTHERN BORDER PARTNERS L P 664785102 15,531.00 500.000 500.000 500.000
LIMITED PARTNERSHIP TOTAL * 132,027.00 4,821.000 4,821.000 4,821.000
GRAND TOTAL ** 934,257,166.00 16,258,404.000 16,258,404.000 16,258,404.000
</TABLE>
