UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 13 F
FROM 13 F COVER PAGE
Report for the Calendar Year Ended: 12/31/99
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.
Person Signing this Report on Behalf of Reporting Manager:
Doug Famigletti
Vice President
212/486/4848
Doug Famigletti New York City NY January 4, 2000
Report Type
13F Holdings Report
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 169
Form 13F Information Table Value Total: $144,753,401.1
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
12 31 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 68,118 78,000 SOLE N/A x
Treasury Bill
Zero coupon PMT 12.375 2004 Treasury bill 912794zz 37,687 50,000 SOLE N/A x
Corporate Bonds
Units Muni SR 253 Inv. Corporate Bon 62623380 887.1 1,000 SOLE N/A
TR MPS 9.00% DUE 02-05-03
Municipal Bonds
California State G/O Var. Municipal Bon 130622wl 24,698 25,000 SOLE N/A x
PURP.-4.3% DUE 09-01-03
Los Angeles Calif. Uni Sch Dist. Municipal Bond 19,425 20,000 SOLE N/A x
SER C-4.3% DUE 07-01-06
Los Angeles Cnty CA San Dists-5% Municipal Bon 545149aj 50,489 50,000 SOLE N/A x
DUE 10-01-03
New York ST Dormitory Authority-6% Municipal Bon 6498324m 103,480 100,000 SOLE N/A x
DUE 05-15-04
Puerto Rico EL/PWTR 5.50% Municipal Bon 745268pf 251,665 250,000 SOLE N/A x
DUE 07-01-00
Rhode Island HSG MFC SR 5 Municipal Bon 762211sz 62,994 65,000 SOLE N/A x
HMW OWN 5.5% UE 10-01-23
Rhode Island ST CONS CAP Municipal Bon 762222hc 33,327 35,000 SOLE N/A x
5.1% UE 11-01-13
Rhode Island ST PUB BLG Auth. Municipal Bon 762287hx 51,016 50,016 SOLE N/A x
PRJ 6.00% DUE 02-01-11
San Francisco Calf. City & Cnty Municipal Bon 79765dle 50,566 50,566 SOLE N/A x
5.25% DUE 04-01-07
Town of Babylon-4.3% Due 08/01/02 Municipal Bon 056201e7 49,733 50,000 SOLE N/A x
Ferderal M.
FHLB-Callable 5.625% Due 11/25/02 Municipal Bond 97,094 100,000 SOLE N/A x
FHLB-Callable 6.040% Due 08/16/01 Municipal Bond 497,345 500,000 SOLE N/A x
FHLB-Callable 6.555% Due 09/27/02 Municipal Bond 298,689 300,000 SOLE N/A x
FNMA MTN-Callable 5.260% Municipal Bond 48,875 50,000 SOLE N/A x
DUE 11-15-01
FNMA MTN-Callable 6.5% Due 09/05/02 Municipal Bond 298,590 300,000 SOLE N/A x
Government M.
GNMA POOL 032179 9.5% Due 7/15/09 Ginnie Mae 3837389r 11,166 10,485 SOLE N/A x
Preferred Stock
Tenn. Valley. Authorithy Preferred Sto 88059120 32,200 1,400 SOLE N/A x
Government Bonds
U.S. Treasury Notes-5.00% Gvt. Bond 888,750 900,000 SOLE N/A x
DUE 02/28/01
U.S. Treasury Notes-5.00% Gvt. Bond 738,984 750,000 SOLE N/A x
DUE 04-30-01
U.S. Treasury Notes-5.875% Gvt. Bond 9128272c 198,750 200,000 SOLE N/A x
DUE 11-30-01
U.S. Treasury Notes-6.250% Gvt. Bond 9128272g 200,000 200,000 SOLE N/A x
DUE 01-31-02
U.S. Treasury Notes-6.000% Gvt. Bond 9128273d 500,468 500,000 SOLE N/A x
DUE 08-15-00
U.S. Treasury Notes-5.625% Gvt. Bond 9128273s 490,468 500,000 SOLE N/A x
DUE 12-31-02
U.S. Treasury Notes-5.500% Gvt. Bond 9128273v 488,125 500,000 SOLE N/A x
DUE 01-31-03
U.S. Treasury Notes-5.500% Gvt. Bond 9128273y 900,281 900,000 SOLE N/A x
DUE 02-29-00
U.S. Treasury Notes-5.500% Gvt. Bond 9128273z 780,750 800,000 SOLE N/A x
DUE 02-28-03
U.S. Treasury Notes-5.625% Gvt. Bond 9128274c 299,906 300,000 SOLE N/A x
DUE 04-30-00
U.S. Treasury Notes-5.375% Gvt. Bond 9128274m 997,500 1,000,000 SOLE N/A x
DUE 07-31-00
U.S Treasury Notes-4.5% Gvt. Bond 49,453 50,000 SOLE N/A x
Due 09-30-00
U.S. Treasury Notes-4.625% Gvt. Bond 1,478,437 1,500,000 SOLE N/A x
DUE 12-31-00
U.S. Treasury Notes-5.25% Gvt. Bond 1,382,500 1,400,000 SOLE N/A x
DUE 05-31-01
U.S. Treasury Notes-5.544% Gvt. Bond 39,587 40,000 SOLE N/A x
DUE 07-31-01
U.S. Treasury Notes-6.625% Gvt. Bond 912827y7 503,281 500,000 SOLE N/A x
DUE 07-31-01
Common Stock
AT & T Common Stock OO1957109 99,897 1,966 SOLE N/A x
Abbott Laboratories Common Stock OO2824100 1,906,406 52,500 SOLE N/A x
Aetna Inc. Common Stock AET 44,650 800 SOLE N/A x
Air Products & Chemicals, Inc. Common Stock OO8677106 40,275 1,200 SOLE N/A x
Albertson's Inc. Common Stock ABS 80,625 2,500 SOLE N/A x
Allstate Common Stock O20002101 484,763 20,146 SOLE N/A x
American Express Common Stock O25816109 714,875 4,300 SOLE N/A x
American General Co. Common Stock O26351106 1,396,100 18,400 SOLE N/A x
American Home Products Common Stock O26609107 4,019,200 102,400 SOLE N/A x
American Int'l Gro Common Stock AIG 197,436 1,826 SOLE N/A x
Amgen Inc. Common Stock AMGN 43,245 720 SOLE N/A x
Anheuser-Busch Cos. Common Stock O35229103 2,501,887 35,300 SOLE N/A x
Aon Corp. Common Stock O37389103 27,000 675 SOLE N/A x
Associate First Capital A Common Stock O46008108 255,552 9,314 SOLE N/A x
Atlantic Richfield Common Stock O48825103 1,548,350 17,500 SOLE N/A x
Avery Dennison Corp. Common Stock AVY 1,166,000 16,000 SOLE N/A x
BP Amoco Common Stock BPA 541,404 9,128 SOLE N/A x
Banc One Corp. Common Stock 59438101 937,568 29,299 SOLE N/A x
Bank of New York Common Stock O64057102 1,104,000 27,600 SOLE N/A x
BankAmerica Corp. Common Stock 66050105 944,328 18,816 SOLE N/A x
Bard C. R. Inc. Common Stock O67383109 71,550 1,350 SOLE N/A x
Baxter International Inc. Common Stock O71813109 1,765,031 28,100 SOLE N/A x
Becton, Dickinson Common Stock BDX 859,306 31,900 SOLE N/A x
Bell Atlantic Common Stock 77853109 797,357 12,952 SOLE N/A x
BellSouth Common Stock O79860102 630,470 13,468 SOLE N/A x
Berkshire Hathaway Cl. A Common Stock BRK.A 3,758,000 67 SOLE N/A x
Berkshire Hathaway Cl. B Common Stock BRK.B 18,300 10 SOLE N/A x
Bestfoods Common Stock O8658U101 2,659,662 50,600 SOLE N/A x
Boeing Co. Common Stock BA 111,881 2,700 SOLE N/A x
Bristol-Myers Squibb Company Common Stock 110122108 7,387,981 115,100 SOLE N/A x
BroadWing Inc Common Stock BRW 696,937 18,900 SOLE N/A x
Burlington Northern Santa Common Stock BNI 5,456 225 SOLE N/A x
CSX Corporation Common Stock 126408103 6,275 200 SOLE N/A x
Campbell Soup Co Common Stock CPB 649,950 16,800 SOLE N/A x
Capital One Financial Common Stock COF 14,456 300 SOLE N/A x
Cardinal Health Inc Common Stock CAH 396,069 8,273 SOLE N/A x
Chase Manhattan Corp. Common Stock 16161A108 201,987 2,600 SOLE N/A x
Chevron Common Stock CHV 17,325 200 SOLE N/A x
Chubb Corp. Common Stock 171232101 611,553 10,860 SOLE N/A x
Cigna Corp. Common Stock CI 507,543 6,300 SOLE N/A x
Citigroup Inc. Common Stock 173034109 3,823,448 68,659 SOLE N/A x
Colgate Palmolive Co Common Stock 194162103 97,500 1,500 SOLE N/A x
Columbia Energy Group Common Stock CG 123,021 1,945 SOLE N/A x
Compaq Computer Corp. Common Stock 204493100 1,656,225 61,200 SOLE N/A x
Computer Associates Intl Inc. Common Stock CA 69,937 1,000 SOLE N/A x
ConAgra Inc. Common Stock 205887102 569,456 25,100 SOLE N/A x
Conoco Cl B Common Stock COC/B 76,291 3,067 SOLE N/A x
Convergy's Common Stock CVG 445,875 14,500 SOLE N/A x
Corn Products International Common Stock 219023108 125,268 3,825 SOLE N/A x
Dayton Hudson Corp. Common Stock 239753106 796,796 10,850 SOLE N/A x
Delphi Automotive Systems Common Stock DPH 4,394 279 SOLE N/A x
Deluxe Corporation Common Stock 248019101 57,618 2,100 SOLE N/A x
E. I.DuPont de Nemours Common Stock DD 827,390 12,560 SOLE N/A x
EMC Corp Common Stock EMC 655,500 6,000 SOLE N/A x
Eastman Kodak Common Stock 277461109 1,397,875 21,100 SOLE N/A x
Electronic Data Systems Common Stock EDS 35,476 530 SOLE N/A x
Eli Lilly Corp. Common Stock 532457108 3,763,900 56,600 SOLE N/A x
Exxon Common Stock 302290101 5,682,878 70,540 SOLE N/A x
Fannie Mae Common Stock FNM 1,612,136 25,820 SOLE N/A x
Federal Express Common Stock FDX 28,656 700 SOLE N/A x
First Union Corp. Common Stock 337358105 301,378 9,150 SOLE N/A x
FleetBoston Group Common Stock FBF 537,539 15,441 SOLE N/A x
Ford Motor Company Common Stock 345370100 912,976 17,125 SOLE N/A x
Fortune Brands Common Stock 349631101 1,048,081 31,700 SOLE N/A x
Freddie Mac-voting Common Stock 313400301 2,677,856 56,900 SOLE N/A x
GTE Corp. Common Stock GTE 1,192,647 16,902 SOLE N/A x
Gallaher ADS Common Stock 363595109 438,187 28,500 SOLE N/A x
General Electric Co. Common Stock 369604103 8,209,487 53,050 SOLE N/A x
General Motors Corp. Common Stock GM 50,881 700 SOLE N/A x
Georgia Pacific Timber Group Common Stock TGP 3,693 150 SOLE N/A x
Glaxo Wellcome PLC Sponsored ADR Common Stock 37733W105 69,843 1,250 SOLE N/A x
Global Crossing Common Stock GBLX 250,000 5,000 SOLE N/A x
Golden Western Financial Common Stock GDW 10,050 300 SOLE N/A x
HJ Heinz Common Stock HNZ 79,625 2,000 SOLE N/A x
Hartford Financial Services Group Inc Common Stock 416515104 606,400 12,800 SOLE N/A x
Hewlett Packard Co. Common Stock 428236103 5,232,500 46,000 SOLE N/A x
Honeywell Corp Common Stock HON 282,668 4,900 SOLE N/A x
Household International Common Stock HI 318,785 8,558 SOLE N/A x
Intel Corp Common Stock INTC 685,251 8,325 SOLE N/A x
International Business Machines Common Stock 459200101 5,070,125 47,000 SOLE N/A x
J. C. Penney Co. Inc. Common Stock 708160106 127,600 6,400 SOLE N/A x
J. P. Morgan & Co. Common Stock 616880100 924,362 7,300 SOLE N/A x
Johnson & Johnson Common Stock 478160104 4,448,025 47,700 SOLE N/A x
Kimberly-Clark Co. Common Stock KMB 65,437 1,000 SOLE N/A x
Koninklijke Philips Electronics Common Stock PHG 37,260 276 SOLE N/A x
Korea Funds Inc. Common Stock KF 11,560 680 SOLE N/A x
Lincoln National Corp. Common Stock 534187109 540,000 13,500 SOLE N/A x
Liz Clairborne Inc. Common Stock LIZ 227,631 6,050 SOLE N/A x
Loews Corp. Common Stock LTR 12,137 200 SOLE N/A x
Lucent Technologies Common Stock 549463107 195,000 2,600 SOLE N/A x
May Department Stores Co. Common Stock 577778103 1,312,639 40,702 SOLE N/A x
McDonald's Corp. Common Stock 580135101 40,312 1,000 SOLE N/A x
Mediaone Group. Inc. Common Stock UMG 96,783 1,260 SOLE N/A x
Merck & Co Inc. Common Stock 589331107 3,853,875 57,360 SOLE N/A x
Microsoft Corporation Common Stock MSFT 116,750 1,000 SOLE N/A x
Minnesota Mining & Manufacturing Common Stock 604059105 1,468,125 15,000 SOLE N/A x
Nestle S.A. sponsored Common Stock 64106940 273,345 3,000 SOLE N/A x
Ohio Casualty Corp. Common Stock NOB 133,640 8,320 SOLE N/A x
PNC Bank Corp. Common Stock PNC 190,237 4,275 SOLE N/A x
PPG Industries Common Stock 693506107 925,925 14,800 SOLE N/A x
Peco Energy Co. Common Stock PE 6,950 200 SOLE N/A x
Pepsico Common Stock 713448108 1,665,562 47,250 SOLE N/A x
Pfizer Inc. Common Stock 717081103 58,387 1,800 SOLE N/A x
Pharmacia & Upjohn Common Stock 716941109 576,900 12,820 SOLE N/A x
Philip Morris Cos. Inc. Common Stock 718154107 2,069,310 89,970 SOLE N/A x
Phillips Petroleum Co Common Stock P 18,800 400 SOLE N/A x
Pitney Bowes Common Stock 724479100 6,140,518 127,100 SOLE N/A x
Procter & Gamble Co. Common Stock 742718109 6,661,400 60,800 SOLE N/A x
Royal Dutch Petr. Common Stock RD 1,617,018 26,700 SOLE N/A x
SBC Communications Inc. Common Stock 78387G103 910,113 18,669 SOLE N/A x
Schlumberger Ltd Common Stock 806857108 67,350 1,200 SOLE N/A x
Sears Roebuck & Company Common Stock 812387108 400,950 13,200 SOLE N/A x
Southern Co Common Stock SO 10,575 450 SOLE N/A x
Sun Microsystems Inc. Common Stock 866810104 673,706 8,700 SOLE N/A x
Sysco Corp. Common Stock 871829107 553,875 14,000 SOLE N/A x
TJX Companies Inc. Common Stock TJX 300,431 14,700 SOLE N/A x
TRW Inc. Common Stock TMX 88,293 1,700 SOLE N/A x
Texaco Inc. Common Stock 881694103 206,387 3,800 SOLE N/A x
U.S. West Inc. New. Common Stock UMG 165,168 2,294 SOLE N/A x
UST Inc. Common Stock 902911106 251,875 10,000 SOLE N/A x
Unilever NV New York Common Stock 904784501 652,255 11,982 SOLE N/A x
Union Carbide Corp. Common Stock 905581104 420,525 6,300 SOLE N/A x
V.F. Corp. Common Stock 918204108 244,500 8,150 SOLE N/A x
Vodafone Airtouch Public ADS Common Stock VOD 168,300 3,400 SOLE N/A x
Wachovia Corp New Common Stock WB 6,800 100 SOLE N/A x
Wal Mart Stores Inc. Common Stock WMT 55,300 800 SOLE N/A x
Walgreen Co. Common Stock 931422109 2,813,923 96,200 SOLE N/A x
Warner Lambert Company Common Stock WLA 49,162 600 SOLE N/A x
Washington Mutual Common Stock WM 519,906 20,093 SOLE N/A x
Well Fargo & Co. Common Stock WFC 768,312 19,000 SOLE N/A x
Weyerhaeuser Co Common Stock 962166104 445,237 6,200 SOLE N/A x
Xerox Corp. Common Stock XRX 9,075 400 SOLE N/A x
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