NAME OF ISSUER TITLE OF CLASS SYMBOL/CUSIP VALUE SHARES/
INVSTMT OTHER VOTING AUTHORITY
PRN AMT DSCRETN MANAGERS SOLE SHARED NONE
FIDELITY SECS FD BLUE CHIPS MUTUAL FUND 31638930 86987 1460 SOLE
N/A X
JANUS INVT FUND WORLDWIDE MUTUAL FUND 47102330 7432 101 SOLE
N/A X
MUNICIPAL INV. ACCUM. PROG. MUTUAL FUND 62621110 4 0.255 SOLE
N/A X
MUNICIPAL INVSTMT TRUST 8T MUTUAL FUND 62623W64 38725 78 SOLE
N/A X
S.B. INVSTMT GRADE BOND CL B MUTUAL FUND HGBP.B 5051 443 SOLE
N/A X
S.B. INVSTMT GRADE STRAT MUTUAL FUND DSIP.B 4570 634 SOLE
N/A X
S.B. APPRECIATION CL A MUTUAL FUND APPR.A 12866 847 SOLE
N/A X
S.B. APPRECIATION CL B MUTUAL FUND APPR.B 6990 465 SOLE
N/A X
S.B. MANAGED MUNICIPALS CL A MUTUAL FUND SMMU.A 1 0.061 SOLE
N/A X
S.B. MUNI NY CL A MUTUAL FUND SBNY.A 51 4 SOLE
N/A X
S.B. MUNI NY CL B MUTUAL FUND SBNY.B 28 2 SOLE
N/A X
BLACKROCK TARGET TERM TR INC MUTUAL FUND BTT 18763 1900 SOLE
N/A X
MFS INTERMEDIATE INCOME TR SBI MUTUAL FUND MIN 22313 3500 SOLE
N/A X
PUTNAM MASTER INTER INC TR SBI MUTUAL FUND PIM 21930 3407 SOLE
N/A X
FHLB-CALLABLE 5.625% DUE 11/25/02 FEDERAL MORTGAGE 3133M6LV 98141
100000 SOLE N/A X
FHLB-CALLABLE 5.125% DUE 2/26/02 FEDERAL MORTGAGE 3133M7VB 786000
800000 SOLE N/A X
FHLB-CALLABLE 6.040% DUE 8/16/01 FEDERAL MORTGAGE 3133M9JL 497660
500000 SOLE N/A X
FHLB-CALLABLE 6.555% DUE 9/27/02 FEDERAL MORTGAGE 3133M9YL 298548
300000 SOLE N/A X
FHLB-CALLABLE 6.200% DUE 2/27/04 FEDERAL MORTGAGE 3133M5BL 800615
815000 SOLE N/A X
FHLMC-CALLABLE 7.200% DUE 1/14/05 FEDERAL MORTGAGE 312902PM 1010250
1000000 SOLE N/A X
FNMA MTN-CALLABLE 5.260% DUE 11/15/01 FEDERAL MORTGAGE 31364GGL
49298 50000 SOLE N/A X
FNMA MTN-CALLABLE 6.500% DUE 9/5/02 FEDERAL MORTGAGE 31364G5X 298560
300000 SOLE N/A X
ZERO COUPON PMT 12.375 2004 TREASURY BILL 912794ZZ 40099 50000
SOLE N/A X
ENRON CORP NOTES 6.75% DUE 7/1/05 CORPORATE BOND 293561AT 9842
10000 SOLE N/A X
UNITS MUNI SR INV TR FD MPS 9.00% DUE 2/5/03 CORPORATE BOND 62623380
852 1000 SOLE N/A X
CALIFORNIA STATE G/O VAR 4.3% DUE 9/1/03 MUNICIPAL BOND 130622WL
25088 25000 SOLE N/A X
LOS ANGELES CALIF. UNI SCH DIST.C 4.3% DUE 7/1/06 MUNICIPAL BOND
544644ER 19989 20000 SOLE N/A X
LOS ANGELES CNTY CA SAN DISTS 5% DUE 10/1/03 MUNICIPAL BOND 545149AJ
51147 50000 SOLE N/A X
NEW YORK ST DORMITORY AUTHORITY 6% DUE 5/15/04 MUNICIPAL BOND 6498324M
104793 100000 SOLE N/A X
RHODE ISLAND HSG MFC SR 5 HMW 5.55% DUE 10/1/23 MUNICIPAL BOND 762211SZ
55267 55000 SOLE N/A X
RHODE ISLAND ST CONS CAP 5.1% DUE 11/3/13 MUNICIPAL BOND 762222HC
34467 35000 SOLE N/A X
RHODE ISLAND ST PUB BLG AUTH PRJ 6% DUE 2/1/11 MUNICIPAL BOND 762287HX
50262 50000 SOLE N/A X
SAN FRANSCISCO CA CITY & CNTY 5.25% DUE 4/1/07 MUNICIPAL BOND 79765DLE
52526 50000 SOLE N/A X
TWON OF BABYLON 4.3% DUE 8/1/02 MUNICIPAL BOND 056201E7 49910 50000
SOLE N/A X
TENN. VALLEY AUTHORITY PREFERRED STOCK 880559120 33775 1400 SOLE
N/A X
GMNA POOL 032179 9.5% DUE 7/15/09 GMNA 3837389R 10303 9896 SOLE
N/A X
U.S. TREASURY NOTES - 5.00% DUE 2/28/01 GOVERNMENT BONDS 9128275C
895219
900000 SOLE N/A X
U.S. TREASURY NOTES - 5.00% DUE 4/30/01 GOVERNMENT BONDS 9128275E
744375 750000 SOLE N/A X
U.S. TREASURY NOTES - 5.875% DUE 11/30/01 GOVERNMENT BONDS 9128272C
199125 200000 SOLE N/A X
U.S. TREASURY NOTES - 6.25% DUE 1/31/02 GOVERNMENT BONDS 9128272G
200125 200000 SOLE N/A X
U.S. TREASURY NOTES - 5.625% DUE 12/31/02 GOVERNMENT BONDS 9128273S
496250 500000 SOLE N/A X
U.S. TREASURY NOTES - 5.50% DUE 1/31/03 GOVERNMENT BONDS 9128273V
494844 500000 SOLE N/A X
U.S. TREASURY NOTES - 5.50% DUE 2/28/03 GOVERNMENT BONDS 9128273Z
791250 800000 SOLE N/A X
U.S. TREASURY NOTES - 4.50% DUE 9/30/00 GOVERNMENT BONDS 9128274R
50000 50000 SOLE N/A X
U.S. TREASURY NOTES - 4.625% DUE 12/31/00 GOVERNMENT BONDS 9128274X
1492500 1500000 SOLE N/A X
U.S. TREASURY NOTES - 5.25% DUE 5/31/01 GOVERNMENT BONDS 9128275H
1389938 1400000 SOLE N/A X
U.S. TREASURY NOTES - 5.50% DUE 7/31/01 GOVERNMENT BONDS 9128275L
39738 40000 SOLE N/A X
U.S. TREASURY NOTES - 6.50% DUE 3/31/02 GOVERNMENT BONDS 9128276B
1005000 1000000 SOLE N/A X
U.S. TREASURY NOTES - 6.625% DUE 7/31/01 GOVERNMENT BONDS 912827Y7
501250 500000 SOLE N/A X
AT&T COMMON STOCK T 92913 3163 SOLE N/A X
ABBOT LABORATORIES COMMON STOCK ABT 2516056 52900 SOLE
N/A X
AETNA INC COMMON STOCK AET 46450 800 SOLE N/A X
AGILIENT TECHNOLOGIES COMMON STOCK A 868346 17744 SOLE
N/A X
AIR PRODUCTS & CHEMICALS INC. COMMON STOCK APD 43200 1200 SOLE
N/A X
ALBERTSON'S INC COMMON STOCK BABS 46200 2200 SOLE N/A X
ALLSTATE COMMON STOCK ALL 700074 20146 SOLE N/A X
AMERICAN EXPRESS COMMON STOCK AXP 735075 12100 SOLE N/A
X
AMERICAN GENERAL CO COMMON STOCK AGC 1443000 18500 SOLE
N/A X
AMERICAN HOME PRODUCTS COMMON STOCK AHP 5277281 93300 SOLE
N/A X
AMERICAN INT'L GROUP COMMON STOCK AIG 261992 2738 SOLE
N/A X
AMGEN INC. COMMON STOCK AMGN 50276 720 SOLE N/A X
ANHEUSER-BUSCH CO. COMMON STOCK BUD 2987263 70600 SOLE
N/A X
AON CORP. COMMON STOCK AOC 26494 675 SOLE N/A X
ASSOCIATE FIRST CAPITAL A COMMON STOCK AFS 353932 9314
SOLE N/A X
AVERY DENNISON CORP. COMMON STOCK AVY 825475 17800 SOLE
N/A X
BP AMOCO COMMON STOCK BPA 1996722 37674 SOLE N/A X
BANC ONE CORP. COMMON STOCK ONR 1002164 25946 SOLE
N/A X
BANK OF NEW YORK COMMON STOCK BK 1547325 27600 SOLE
N/A X
BANKAMERICA CORP. COMMON STOCK BAC 985488 18816 SOLE
N/A X
BARD C.R. INC. COMMON STOCK BCR 57038 1350 SOLE N/A X
BAXTER INT'L INC. COMMON STOCK BAX 2258694 28300 SOLE
N/A X
"BECTON, DICKINSON" COMMON STOCK BDX 840713 31800 SOLE
N/A X
BELLSOUTH COMMON STOCK BLS 542087 13468 SOLE N/A X
BERKSHIRE HATHAWAY CL A COMMON STOCK BRK.A 4314800 67
SOLE N/A X
BESTFOODS COMMON STOCK BFO 3826650 52600 SOLE N/A X
BOEING CO. COMMON STOCK BA 201600 3200 SOLE N/A X
BRISTOL-MYERS SQUIBB CO COMMON STOCK BMY 6866425 120200
SOLE N/A X
BROADWING COMMON STOCK BRW 442231 17300 SOLE N/A X
BURLINGTON NORTHERN SANTA FE COMMON STOCK BNI 4852 225
SOLE N/A X
CSX CORP. COMMON STOCK CSX 4363 200 SOLE N/A X
CAMPBELL SOUP CO COMMON STOCK CPB 372600 14400 SOLE
N/A X
CAPITAL ONE FINANCIAL COMMON STOCK COF 21019 300 SOLE
N/A X
CARDINAL HEALTH INC COMMON STOCK CAH 1018125 11545 SOLE
N/A X
CHASE MANHATTAN CORP COMMON STOCK CMB 180131 3900 SOLE
N/A X
CHEVRON COMMON STOCK CHV 17050 200 SOLE N/A X
CHUBB CORP COMMON STOCK CB 363975 4600 SOLE N/A X
CIGNA CORP COMMON STOCK CI 657720 6300 SOLE N/A X
CITIGROUP INC COMMON STOCK C 4621010 85475 SOLE N/A X
COLGATE PALMOLIVE CO COMMON STOCK CL 70800 1500 SOLE N/A X
COLUMBIA ENERGY GROUP COMMON STOCK CG 56800 800 SOLE N/A X
COMPAQ COMPUTER CORP COMMON STOCK CPQ 1610672 58400 SOLE
N/A X
COMPUTER ASSOCIATES INT'L INC. COMMON STOCK CA 25188 1000
SOLE N/A X
CONAGRA INC. COMMON STOCK CAG 503569 25100 SOLE N/A X
CONOCO CL B COMMON STOCK COC.B 82617 3067 SOLE N/A X
CONSOLIDATED EDISON COMMON STOCK ED 7644 224 SOLE N/A X
CONVERGY'S COMMON STOCK CVG 563688 14500 SOLE N/A X
CORN PRODUCTS INT'L COMMON STOCK CPO 87019 3825 SOLE N/A X
DAIMLER CHRYSLER AG-EUR COMMON STOCK DCX 2930 66 SOLE N/A X
DELPHI AUTOMOTIVE SYSTEMS COMMON STOCK DPH 4220 279 SOLE
N/A X
DELUXE CORP COMMON STOCK DLX 18281 900 SOLE N/A X
E.I. DUPONT DE NEMOURS COMMON STOCK DD 520455 12560 SOLE
N/A X
EMC CORP COMMON STOCK EMC 1189500 12000 SOLE N/A X
EASTMAN KODAK COMMON STOCK EK 670350 16400 SOLE N/A X
EDWARDS LIFE SCIENCES CORP COMMON STOCK EW 6544 300 SOLE N/A X
ELECTRONIC DATA SYSTEMS COMMON STOCK EDS 21995 530 SOLE N/A X
ELI LILLY CORP COMMON STOCK LLY 3634400 44800 SOLE N/A X
EXXON MOBIL COMMON STOCK XOM 6349265 71240 SOLE N/A X
FANNIE MAY COMMON STOCK FNM 1889030 26420 SOLE N/A X
FEDERAL EXPRESS COMMON STOCK FDX 31038 700 SOLE N/A X
FIRST UNION CORP COMMON STOCK FTU 294516 9150 SOLE N/A X
FLEET BOSTON FINANCIAL COMMON STOCK FBF 594399 15241 SOLE N/A X
FORD MOTOR COMPANY COMMON STOCK F 537891 21250 SOLE N/A X
FORTUNE BRANDS COMMON STOCK FO 850650 32100 SOLE N/A X
FREDDIE MAC-VOTING COMMON STOCK FRE 3789781 70100 SOLE N/A X
GALLAHER ADS COMMON STOCK GLH 671925 28900 SOLE N/A X
GENERAL ELECTRIC CO COMMON STOCK GE 7620519 132100 SOLE N/A X
GENERAL MOTORS CORP COMMON STOCK GM 34125 525 SOLE N/A X
GENERAL MOTORS CORP H NEW COMMON STOCK GMH 20635 555 SOLE N/A X
GLOBAL CROSSING COMMON STOCK GBLX 155000 5000 SOLE N/A X
GOLDEN WESTERN FINANCIAL COMMON STOCK GDW 10725 200 SOLE N/A X
H J HEINZ COMMON STOCK HNZ 111188 3000 SOLE N/A X
HARTFORD FINANCIAL SERVICES GROUP COMMON STOCK HIG 933600 12800 SOLE N/A X
HEWLETT PACKARD CO COMMON STOCK HWP 4321350 44550 SOLE N/A X
HONEYWELL INT'L COMMON STOCK HON 612750 17200 SOLE N/A X
HOUSEHOLD INT'L COMMON STOCK HIG 546884 9658 SOLE N/A X
INTEL CORP COMMON STOCK INTC 692016 16650 SOLE N/A X
INTERNATIONAL BUSINESS MACHINES COMMON STOCK IBM 5592595 49712 SOLE N/A X
INTIMATE BRANDS COMMON STOCK IBI 71910 3848 SOLE N/A X
J P MORGAN & CO COMMON STOCK JPM 1192638 7300 SOLE N/A X
JOHNSON & JOHSON COMMON STOCK JNJ 4292944 45700 SOLE N/A X
KIMBERLY-CLARK CO COMMON STOCK KMB 55813 1000 SOLE N/A X
KONINGLIJKE PHILIPS ELECTRONICS COMMON STOCK PHG 45475 1070 SOLE N/A X
KOREA FUNDS INC COMMON STOCK KF 8160 680 SOLE N/A X
KRISPY KREME COMMON STOCK KREM 8375 100 SOLE N/A X
LINCOLN NATIONAL CORP COMMON STOCK LNC 649688 13500 SOLE N/A X
LIZ CLAIRBORNE INC COMMON STOCK LIZ 232925 6050 SOLE N/A X
LOEWS CORP COMMON STOCK LTR 16675 200 SOLE N/A X
LUCENT TECHNOLOGIES COMMON STOCK LU 100856 3300 SOLE N/A X
MAY DEPARTMENT STORES COMMON STOCK MAY 834391 40702 SOLE N/A X
MC DONALD'S CORP COMMON STOCK MCD 30188 1000 SOLE N/A X
MERCK & CO INC COMMON STOCK MRK 4292066 57660 SOLE N/A X
MICROSOFT CORP COMMON STOCK MSFT 1106734 18350 SOLE N/A X
MINNESOTA MINING & MANUFACTURING COMMON STOCK MMM 1366875 15000 SOLE N/A X
NESTLE SA SPONSORED COMMON STOCK NSRGY 312420 3000 SOLE N/A X
PNC BANK CORP COMMON STOCK PNC 277875 4275 SOLE N/A X
PPG INDUSTRIES COMMON STOCK PPG 567531 14300 SOLE N/A X
PECO ENERGY CO COMMON STOCK PE 12113 200 SOLE N/A X
PEPSICO CO COMMON STOCK PEP 1672100 36350 SOLE N/A X
PFIZER INC COMMON STOCK PFE 155034 3450 SOLE N/A X
PHARMACIA CORP COMMON STOCK PHA 918100 15254 SOLE N/A X
PHILIP MORRIS COS INC COMMON STOCK MO 1338523 45470 SOLE N/A X
PHILLIPS PETROLEUM COMMON STOCK P 25100 400 SOLE N/A X
PITNEY BOWES COMMON STOCK PBI 5036169 127700 SOLE N/A X
PROCTER & GAMBLE CO COMMON STOCK PG 4428700 66100 SOLE N/A X
PUBLIC SERVICE ENTERPRISE COMMON STOCK PEG 29270 655 SOLE N/A X
QWEST COMMUNICATIONS COMMON STOCK Q 24800 516 SOLE N/A X
ROYAL DUTCH PETROLEUM COMMON STOCK RD 1600331 26700 SOLE N/A X
SBC COMMUNICATIONS INC COMMON STOCK SBC 960550 19211 SOLE N/A X
SCHERING PLOUGH COMMON STOCK SGP 841650 18100 SOLE N/A X
SEARS ROEBUCK & CO COMMON STOCK S 427944 13200 SOLE N/A X
SOUTHERN CO COMMON STOCK SO 14597 450 SOLE N/A X
SUN MICROSYSTEMS INC COMMON STOCK SUNW 770550 6600 SOLE N/A X
SYSCO CORP COMMON STOCK SYY 648375 14000 SOLE N/A X
TJX COMPANIES INC COMMON STOCK TJX 333000 14800 SOLE N/A X
TRW INC COMMON STOCK TRW 69063 1700 SOLE N/A X
TARGET CORP COMMON STOCK TGT 568875 22200 SOLE N/A X
TEXACO INC COMMON STOCK TX 199500 3800 SOLE N/A X
UST INC COMMON STOCK UST 215025 9400 SOLE N/A X
UNILEVER NV NEW YORK COMMON STOCK UN 539760 11187 SOLE N/A X
UNION CARBIDE CORP COMMON STOCK UK 237825 6300 SOLE N/A X
V.F. CORP COMMON STOCK VFC 194071 8150 SOLE N/A X
VERIZON COMMUNICATIONS COMMON STOCK VZ 1673419 34548 SOLE N/A X
VISTEON CORP COMMON STOCK VC 41942 2773 SOLE N/A X
VODAPHONE AIRTOUCH PUBLIC ADS COMMON STOCK VOD 125800 3400 SOLE N/A X
WACHOVIA CORP NEW COMMON STOCK WB 5669 100 SOLE N/A X
WAL MART STORES INC COMMON STOCK WMT 38500 800 SOLE N/A X
WALGREEN CO COMMON STOCK WAG 3649588 96200 SOLE N/A X
WASHINGTON MUTUAL COMMON STOCK WMT 803934 20193 SOLE N/A X
WELL FARGO & CO COMMON STOCK WFC 872813 19000 SOLE N/A X
WEYERHAEUSER CO COMMON STOCK WY 250325 6200 SOLE N/A X
XEROX CORP COMMON STOCK XRX 6025 400 SOLE N/A X
