UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 13 F
FROM 13 F COVER PAGE
Report for the Calendar Year Ended: 9/30/99
Institutional Investment Manager Filing this Report
Griffin Asset Management
767 Fifth Ave
26TH Floor
New York, NY 10153
13f File Number-801-52087
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 herin is true, correct
and complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered itegral parts of this form.
Preson Signing this Report on Behalf of Reporting Manager:
Doug Famigletti
Vice President
212/486/4848
Doug Famigletti New York City NY November 15, 1999
Report Type
13F Holdings Report
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 173
Form 13F Information Table Value Total: $143,701,849.7
List of other included manager: None
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Item 1: Name of issuer Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8: Voting
Share of Investment Man. See Auth.
Principal Discretion Instr. V
09 30 1999 Amount (a)sole(b)shared(c)shared(a)sole(b) (c)
as defined other shared None
Mutual Fund
Municipal Inv. Accum. Prog. Mutual Fund 79547710 4 .255 SOLE N/A x
Municipal Invest. Trust Multi 8T Mutual Fund h8918891 68,588 78 SOLE N/A x
Treasury Bill
Zero coupon PMT 12.375 2004 Treasury bill 912794zz 37,938 50,000 SOLE N/A x
Corporate Bonds
Units Muni SR 253 Inv. Corporate Bon 62623380 973.7 1,000 SOLE SOLE N/A
TR MPS 9.00% DUE 02-05-03
Municipal Bonds
California State G/O Var. Municipal Bon 130622wl 24,901 25 SOLE N/A x
PURP.-4.3% DUE 09-01-03
Lincoln RI FGIC 7.25% Municipal Bon 534697na 51,148 50 SOLE N/A x
DUE 11-01-06
Los Angeles Calif. Uni Sch Dist. Municipal Bond 19,631 20 SOLE N/A x
SER C-4.3% DUE 07-01-06
Los Angeles Cnty CA San Dists-5% Municipal Bon 545149aj 50,980 50 SOLE N/A x
DUE 10-01-03
New York ST Dormitory Authority-6% Municipal Bon 6498324m 104,833 100 SOLE N/A x
DUE 05-15-04
Puerto Rico EL/PWTR 5.50% Municipal Bon 745268pf 253,145 250 SOLE N/A x
DUE 07-01-00
Rhode Island HSG MFC SR 5 Municipal Bon 762211sz 78,338 80 SOLE N/A x
HMW OWN 5.5% UE 10-01-23
Rhode Island ST CONS CAP Municipal Bon 762222hc 33,365 35 SOLE N/A x
5.1% UE 11-01-13
Rhode Island ST PUB BLG Auth. Municipal Bon 762287hx 51,226 50 SOLE N/A x
PRJ 6.00% DUE 02-01-11
San Francisco Calf. City & Cnty Municipal Bon 79765dle 51,214 50 SOLE N/A x
5.25% DUE 04-01-07
Town of Babylon-4.3% Due 08/01/02 Municipal Bon 056201e7 50,051 50 SOLE N/A x
Ferderal M.
FHLB-Callable 5.625% Due 11/25/02 Municipal Bond 97,985 100 SOLE N/A x
FHLB-Callable 6.040% Due 08/16/01 Municipal Bond 498,850 500 SOLE N/A x
FHLB-Callable 6.555% Due 09/27/02 Municipal Bond 300,060 300 SOLE N/A x
FNMA MTN-Callable 5.260% Municipal Bond 49,098 50 SOLE N/A x
DUE 11-15-01
FNMA MTN-Callable 6.5% Due 09/05/02 Municipal Bond 299,400 300 SOLE N/A x
Government M.
GNMA POOL 032179 9.5% Due 7/15/09 Ginnie Mae 3837389r 12,704 11,845 SOLE N/A x
Preferred Stock
Tenn. Valley. Authorithy Preferred Sto 88059120 34,475 1,400 SOLE N/A x
Government Bonds
U.S. Treasury Notes-5.00% Gvt. Bond 892,688 900 SOLE N/A x
DUE 02/28/01
U.S. Treasury Notes-5.00% Gvt. Bond 743,203 750 SOLE N/A x
DUE 04-30-01
U.S. Treasury Notes-5.875% Gvt. Bond 9128272c 200,875 200 SOLE N/A x
DUE 11-30-01
U.S. Treasury Notes-6.250% Gvt. Bond 9128272g 202,313 200 SOLE N/A x
DUE 01-31-02
U.S. Treasury Notes-6.000% Gvt. Bond 9128273d 502,500 500 SOLE N/A x
DUE 08-15-00
U.S. Treasury Notes-5.625% Gvt. Bond 9128273s 497,813 500 SOLE N/A x
DUE 12-31-02
U.S. Treasury Notes-5.500% Gvt. Bond 9128273v 495,781 500 SOLE N/A x
DUE 01-31-03
U.S. Treasury Notes-5.500% Gvt. Bond 9128273y 901,406 900 SOLE N/A x
DUE 02-29-00
U.S. Treasury Notes-5.500% Gvt. Bond 9128273z 792,750 800 SOLE N/A x
DUE 02-28-03
U.S. Treasury Notes-5.625% Gvt. Bond 9128274c 300,656 300 SOLE N/A x
DUE 04-30-00
U.S. Treasury Notes-5.375% Gvt. Bond 9128274m 1,000,000 1,000, SOLE N/A x
DUE 07-31-00
U.S. Treasury Notes-4.625% Gvt. Bond 1,483,594 1,500, SOLE
DUE 12-31-00
U.S. Treasury Notes-5.25% Gvt. Bond 1,391,688 1,500, SOLE
DUE 05-31-01
U.S. Treasury Notes-5.544% Gvt. Bond 39,888 40 SOLE N/A x
DUE 07-31-01
U.S. Treasury Notes-6.625% Gvt. Bond 912827y7 508,281 500 SOLE N/A x
DUE 07-31-01
Common Stock
AT & T Common Stock OO1957109 85,521 1,966 SOLE N/A x
Abbott Laboratories Common Stock OO2824100 1,922,425 52,400 SOLE N/A x
Aetna Inc. Common Stock AET 39,400 800 SOLE N/A x
Air Products & Chemicals, Inc. Common Stock OO8677106 181,350 6,200 SOLE N/A x
Albertson's Inc. Common Stock ABS 352,106 8,900 SOLE N/A x
Allied Signal Inc. Common Stock ALD 293,694 4,900 SOLE N/A x
Allstate Common Stock O20002101 502,391 20,146 SOLE N/A x
American Express Common Stock O25816109 850,500 6,300 SOLE N/A x
American General Co. Common Stock O26351106 1,163,800 18,400 SOLE N/A x
American Home Products Common Stock O26609107 4,249,600 102,400 SOLE N/A x
American Int'l Gro Common Stock AIG 158,748 1,826 SOLE N/A x
Ameritech Corp. New Common Stock AIT 252,048 3,776 SOLE N/A x
Amgen Inc. Common Stock AMGN 29,340 360 SOLE N/A x
Anheuser-Busch Cos. Common Stock O35229103 2,473,206 35,300 SOLE N/A x
Aon Corp. Common Stock O37389103 19,955 675 SOLE N/A x
Associate First Capital A Common Stock O46008108 335,304 9,314 SOLE N/A x
Atlantic Richfield Common Stock O48825103 1,586,388 17,900 SOLE N/A x
Avery Dennison Corp. Common Stock AVY 764,875 14,500 SOLE N/A x
BP Amoco Common Stock BPA 509,073 4,594 SOLE N/A x
Banc One Corp. Common Stock 59438101 1,034,802 29,725 SOLE N/A x
Bank of Boston Corp. Common Stock BKB 499,680 11,520 SOLE N/A x
Bank of New York Common Stock O64057102 922,875 27,600 SOLE N/A x
BankAmerica Corp. Common Stock 66050105 1,047,816 18,816 SOLE N/A x
Bard C. R. Inc. Common Stock O67383109 63,534 1,350 SOLE N/A x
Baxter International Inc. Common Stock O71813109 1,693,025 28,100 SOLE N/A x
Becton, Dickinson Common Stock BDX 1,100,050 39,200 SOLE N/A x
Bell Atlantic Common Stock 77853109 871,832 12,952 SOLE N/A x
BellSouth Common Stock O79860102 606,060 13,468 SOLE N/A x
Berkshire Hathaway Cl. A Common Stock BRK.A 3,685,000 67 SOLE N/A x
Berkshire Hathaway Cl. B Common Stock BRK.B 18,560 10 SOLE N/A x
Bestfoods Common Stock O8658U101 2,457,263 50,600 SOLE N/A x
Boeing Co. Common Stock BA 115,088 2,700 SOLE N/A x
Bristol-Myers Squibb Company Common Stock 110122108 8,005,500 118,600 SOLE N/A x
Burlington Northern Santa Common Stock BNI 6,188 225 SOLE N/A x
CSX Corporation Common Stock 126408103 7,371 200 SOLE N/A x
Campbell Soup Co Common Stock CPB 1,005,513 25,700 SOLE N/A x
Capital One Financial Common Stock COF 11,700 300 SOLE N/A x
Cardinal Health Inc Common Stock CAH 450,879 8,273 SOLE N/A x
Central & South West Common Stock CSR 105,625 5,000 SOLE N/A x
Chase Manhattan Corp. Common Stock 16161A108 195,975 2,600 SOLE N/A x
Chevron Common Stock CHV 17,750 200 SOLE N/A x
Chubb Corp. Common Stock 171232101 553,815 11,160 SOLE N/A x
Cigna Corp. Common Stock CI 489,825 6,300 SOLE N/A x
Cincinnati Bell Inc Common Stock 171870108 367,369 18,900 SOLE N/A x
Citigroup Inc. Common Stock 173034109 3,134,296 71,234 SOLE N/A x
Colgate Palmolive Co Common Stock 194162103 73,200 1,600 SOLE N/A x
Columbia Energy Group Common Stock CG 115,457 2,085 SOLE N/A x
Compaq Computer Corp. Common Stock 204493100 1,226,100 53,600 SOLE N/A x
Computer Associates Intl Inc. Common Stock CA 61,125 1,000 SOLE N/A x
ConAgra Inc. Common Stock 205887102 566,319 25,100 SOLE N/A x
Conoco Cl B Common Stock COC/B 83,959 3,067 SOLE N/A x
Convergy's Common Stock CVG 287,281 14,500 SOLE N/A x
Corn Products International Common Stock 219023108 116,423 3,825 SOLE N/A x
Dayton Hudson Corp. Common Stock 239753106 651,678 10,850 SOLE N/A x
Delphi Automotive Systems Common Stock DPH 4,481 279 SOLE N/A x
Deluxe Corporation Common Stock 248019101 71,400 2,100 SOLE N/A x
E. I.DuPont de Nemours Common Stock DD 759,880 12,560 SOLE N/A x
EMC Corp Common Stock EMC 428,250 6,000 SOLE N/A x
Eastman Kodak Common Stock 277461109 1,958,688 25,900 SOLE N/A x
Electronic Data Systems Common Stock EDS 28,057 530 SOLE N/A x
Eli Lilly Corp. Common Stock 532457108 3,613,756 56,300 SOLE N/A x
Exxon Common Stock 302290101 5,361,040 70,540 SOLE N/A x
Fannie Mae Common Stock FNM 1,618,591 25,820 SOLE N/A x
Federal Express Common Stock FDX 27,213 700 SOLE N/A x
Federal Signal Corp. Common Stock 313855108 306,075 15,400 SOLE N/A x
First Union Corp. Common Stock 337358105 325,969 9,150 SOLE N/A x
Fleet Financial Group Common Stock FLT 65,925 1,800 SOLE N/A x
Ford Motor Company Common Stock 345370100 860,531 17,125 SOLE N/A x
Fortune Brands Common Stock 349631101 1,022,325 31,700 SOLE N/A x
Freddie Mac-voting Common Stock 313400301 2,366,000 45,500 SOLE N/A x
GTE Corp. Common Stock GTE 1,299,341 16,902 SOLE N/A x
Gallaher ADS Common Stock 363595109 774,844 28,500 SOLE N/A x
General Electric Co. Common Stock 369604103 6,289,741 53,050 SOLE N/A x
General Motors Corp. Common Stock GM 44,056 700 SOLE N/A x
Georgia Pacific Timber Group Common Stock TGP 3,431 150 SOLE N/A x
Glaxo Wellcome PLC Sponsored ADR Common Stock 37733W105 65,000 1,250 SOLE N/A x
Global Crossing Common Stock GBLX 706,225 26,650 SOLE N/A x
Golden Western Financial Common Stock GDW 9,831 100 SOLE N/A x
Hartford Financial Services Group Inc Common Stock 416515104 523,200 12,800 SOLE N/A x
Hewlett Packard Co. Common Stock 428236103 4,138,200 45,600 SOLE N/A x
Household International Common Stock HI 343,390 8,558 SOLE N/A x
Intel Corp Common Stock INTC 566,633 7,625 SOLE N/A x
International Business Machines Common Stock 459200101 5,566,000 46,000 SOLE N/A x
J. C. Penney Co. Inc. Common Stock 708160106 379,500 11,000 SOLE N/A x
J. P. Morgan & Co. Common Stock 616880100 834,025 7,300 SOLE N/A x
Johnson & Johnson Common Stock 478160104 4,382,438 47,700 SOLE N/A x
Kimberly-Clark Co. Common Stock KMB 52,750 1,000 SOLE N/A x
Koninklijke Philips Electronics Common Stock PHG 27,876 276 SOLE N/A x
Korea Funds Inc. Common Stock KF 8,500 680 SOLE N/A x
Lincoln National Corp. Common Stock 534187109 503,338 13,400 SOLE N/A x
Liz Clairborne Inc. Common Stock LIZ 248,775 8,025 SOLE N/A x
Loews Corp. Common Stock LTR 14,038 200 SOLE N/A x
Lucent Technologies Common Stock 549463107 168,675 2,600 SOLE N/A x
May Department Stores Co. Common Stock 577778103 1,483,079 40,702 SOLE N/A x
McDonald's Corp. Common Stock 580135101 43,250 1,000 SOLE N/A x
Mediaone Group. Inc. Common Stock UMG 86,074 1,260 SOLE N/A x
Merck & Co Inc. Common Stock 589331107 3,847,270 59,360 SOLE N/A x
Minnesota Mining & Manufacturing Common Stock 604059105 1,440,938 15,000 SOLE N/A x
Nestle S.A. sponsored Common Stock 64106940 282,000 3,000 SOLE N/A x
Ohio Casualty Corp. Common Stock NOB 140,400 8,320 SOLE N/A x
PNC Bank Corp. Common Stock OKAC 225,239 4,275 SOLE N/A x
PPG Industries Common Stock 693506107 888,000 14,800 SOLE N/A x
Peco Energy Co. Common Stock PE 7,500 200 SOLE N/A x
Pepsico Common Stock 713448108 1,502,125 49,250 SOLE N/A x
Pfizer Inc. Common Stock 717081103 64,575 1,800 SOLE N/A x
Pharmacia & Upjohn Common Stock 716941109 636,193 12,820 SOLE N/A x
Philip Morris Cos. Inc. Common Stock 718154107 3,216,018 94,070 SOLE N/A x
Phillips Petroleum Co Common Stock P 19,500 400 SOLE N/A x
Pitney Bowes Common Stock 724479100 7,684,219 126,100 SOLE N/A x
Procter & Gamble Co. Common Stock 742718109 5,700,000 60,800 SOLE N/A x
Raytheon Co - Cl. B Common Stock RTNB 9,925 200 SOLE N/A x
Royal Dutch Petr. Common Stock RD 1,576,969 26,700 SOLE N/A x
SBC Communications Inc. Common Stock 78387G103 699,556 13,700 SOLE N/A x
Schlumberger Ltd Common Stock 806857108 74,775 1,200 SOLE N/A x
Sears Roebuck & Company Common Stock 812387108 508,275 16,200 SOLE N/A x
Southern Co Common Stock SO 11,588 450 SOLE N/A x
Sun Microsystems Inc. Common Stock 866810104 651,000 7,000 SOLE N/A x
Sysco Corp. Common Stock 871829107 490,875 14,000 SOLE N/A x
TJX Companies Inc. Common Stock TJX 412,519 14,700 SOLE N/A x
TRW Inc. Common Stock TMX 84,575 1,700 SOLE N/A x
Texaco Inc. Common Stock 881694103 239,875 3,800 SOLE N/A x
U.S. West Inc. New. Common Stock UMG 187,964 3,294 SOLE N/A x
UST Inc. Common Stock 902911106 316,969 10,500 SOLE N/A x
Unilever NV New York Common Stock 904784501 816,256 11,982 SOLE N/A x
Union Carbide Corp. Common Stock 905581104 357,919 6,300 SOLE N/A x
UNUMProvident Corp Common Stock UNM 5,888 200 SOLE N/A x
V.F. Corp. Common Stock 918204108 252,650 8,150 SOLE N/A x
Vodafone Airtouch Public ADS Common Stock VOD 161,670 680 SOLE N/A x
Wachovia Corp New Common Stock WB 7,863 100 SOLE N/A x
Wal Mart Stores Inc. Common Stock WMT 38,050 800 SOLE N/A x
Walgreen Co. Common Stock 931422109 2,466,450 97,200 SOLE N/A x
Warner Lambert Company Common Stock WLA 39,825 600 SOLE N/A x
Washington Mutual Common Stock WM 587,720 20,093 SOLE N/A x
Well Fargo & Co. Common Stock WFC 752,875 19,000 SOLE N/A x
Weyerhaeuser Co Common Stock 962166104 357,275 6,200 SOLE N/A x
Xerox Corp. Common Stock XRX 16,775 400 SOLE N/A x
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