UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 2000
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: Penn Mutual Life Insurance Company
Address: Independence Square
Philadelphia, PA 19172
13F File Number: 28-598
Person Signing this Report on Behalf of Reporting Manager:
Name: Ann Strootman
Title: Vice President & Controller
Phone: 215-956-7649
Signature, Place, and Date of Signing:
Ann Strootman Philadelphia, PA June 30, 2000
Report Type (Check 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 Other Included Managers: 2
Form 13F Information Table Entry Total: 501
Form 13F Information Table Value Total: $1,256,850,054
List of Other Included Managers:
No. 13F File Number Name
01 28-598 INDEPENDENCE CAPITAL MTG. INC.
<PAGE>
FORM 13F SPECIAL ELECTRONIC FILING INSTRUCTIONS Continued
<TABLE> <C> <C>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
----------------------------- -------------- --------- -------- -------- --- ----- -------
</TABLE>
<TABLE> <C> <C>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
----------------------------- -------------- --------- -------- -------- --- ----- ------- --------- -------- -------- -----
ADC TELECOMMUNICATIONS INC COM 000886101 406 4840 SH SHARE 01 4840
A T & T CORP COM COM 001957109 662 20933 SH SHARE 01 20933
A T & T CORP COM COM 001957109 2815 88503 SH SHARE 88503
ABBOTT LABS COM COM 002824100 3400 76298 SH SHARE 01 76298
ABBOTT LABS COM COM 002824100 174 3900 SH SHARE 3900
ADOBE SYSTEM INC COM 00724F101 417 3205 SH SHARE 01 3205
ADOBE SYSTEM INC COM 00724F101 644 4950 SH SHARE 4950
AGILENT TECHNOLOGIES INC COM 00846U101 1278 17334 SH SHARE 01 17334
AGILENT TECHNOLOGIES INC COM 00846U101 40487 548973 SH SHARE 548973
AIRGAS INC COM 009363102 57 10000 SH SHARE 10000
ALCOA INC COM 013817101 284 9800 SH SHARE 01 9800
ALCOA INC COM 013817101 1063 36669 SH SHARE 36669
ALLERGAN INC COM COM 018490102 432 5800 SH SHARE 01 5800
ALLERGAN INC COM COM 018490102 13 180 SH SHARE 180
ALLIANCE FUND INC ^* COM 01859K105 391 59048 SH SHARE 59048
ALLIANCE SELECT INV SR^* COM 01878A401 120 12452 SH SHARE 12452
ALLTEL CORP (DEL) COM 020039103 123 1980 SH SHARE 01 1980
ALLTEL CORP (DEL) COM 020039103 112 1816 SH SHARE 1816
ALTERA CORP COM COM 021441100 714 7000 SH SHARE 01 7000
AMBRA RESOURCES GRP INC COM 023316300 3 35000 SH SHARE 35000
AMERICA ONLINE INC DEL COM 02364J104 1457 27650 SH SHARE 01 27650
AMERICA ONLINE INC DEL COM 02364J104 2054 38848 SH SHARE 38848
AMERICAN EXPRESS CO COM COM 025816109 2850 54678 SH SHARE 01 54678
AMERICAN EXPRESS CO COM COM 025816109 827 15866 SH SHARE 15866
AMERICAN GENERAL CORP COM 026351106 779 12767 SH SHARE 01 12767
AMERICAN HOME PRODS CORP COM COM 026609107 1654 28151 SH SHARE 01 28151
AMERICAN HOME PRODS CORP COM COM 026609107 2059 35054 SH SHARE 35054
AMERICAN INTL GROUP INC COM COM 026874107 11433 108362 SH SHARE 01 108362
AMERICAN INTL GROUP INC COM COM 026874107 925 7873 SH SHARE 7873
AMGEN INC COM COM 031162100 11116 158240 SH SHARE 01 158240
AMGEN INC COM COM 031162100 1630 23205 SH SHARE 23205
ANALOG DEVICES COM 032654105 9500 125000 SH SHARE 01 125000
ANALOG DEVICES COM 032654105 76 1000 SH SHARE 1000
AON CORP COM 037389103 263 8475 SH SHARE 01 8475
APCO ARGENTINA INC CAYMAN IS O COM 037489101 3518 135300 SH SHARE 01 135300
APPLE COMPUTER INC COM 037833100 137 2620 SH SHARE 01 2620
APPLE COMPUTER INC COM 037833100 145 2760 SH SHARE 2760
APPLIED MATLS INC COM COM 038222105 31450 347010 SH SHARE 01 347010
APPLIED MATLS INC COM COM 038222105 24 260 SH SHARE 260
APPLIED MICRO CIRCUITS CORP CO COM 03822w109 879 8900 SH SHARE 01 8900
ATMEL CORP COM COM 049513104 295 8000 SH SHARE 01 8000
ATMEL CORP COM COM 049513104 583 15800 SH SHARE 15800
AUTOMATIC DATA PROCESSING INC COM 053015103 10150 189497 SH SHARE 01 189497
AUTOMATIC DATA PROCESSING INC COM 053015103 61 1135 SH SHARE 1135
AVERY DENNISON CORP COM 053611109 151 2250 SH SHARE 01 2250
AVERY DENNISON CORP COM 053611109 165 2465 SH SHARE 2465
AXYS PHARMACEUTICALS INC COM 054635107 70 11800 SH SHARE 11800
BP AMOCO PLC SPONS ADR F COM 055622104 352 6215 SH SHARE 6215
BANGOR HYDRO ELEC CO COM COM 060077104 2379 101500 SH SHARE 01 101500
BAXTER INTL INC COM 071813109 266 3785 SH SHARE 3785
BELCO HOLDINGS LIMITED COM 077410108 370 19200 SH SHARE 01 19200
BELL ATLANTIC CORP COM COM 077853109 3142 61836 SH SHARE 01 61836
BELL ATLANTIC CORP COM COM 077853109 825 16241 SH SHARE 16241
BELLSOUTH CORP COM COM 079860102 1471 34520 SH SHARE 01 34520
BELLSOUTH CORP COM COM 079860102 225 5285 SH SHARE 5285
BERKSHIRE HATHAWAY INC DEL - B COM 084670207 9 5 SH SHARE 01 5
BERKSHIRE HATHAWAY INC DEL - B COM 084670207 396 225 SH SHARE 225
BESTFOODS COM 08658U101 557 8050 SH SHARE 01 8050
BESTFOODS COM 08658U101 28 400 SH SHARE 400
BIO-PRESERVE INTL CORP COM 09056W103 2 80000 SH SHARE 80000
BIOCONTROL TECHNOLGY INC COM 090586108 3 15000 SH SHARE 15000
BOEING CO COM COM 097023105 110 2620 SH SHARE 01 2620
BOEING CO COM COM 097023105 1927 46077 SH SHARE 46077
BRESLER & REINER INC COM COM 107336109 319 12500 SH SHARE 01 12500
BRISTOL MYERS SQUIBB CO COM COM 110122108 3792 65100 SH SHARE 01 65100
BRISTOL MYERS SQUIBB CO COM COM 110122108 1335 22921 SH SHARE 22921
BROADCOM CORP-CL A COM 111320107 219 1000 SH SHARE 01 1000
BROADCOM CORP-CL A COM 111320107 175 800 SH SHARE 800
BROADVISION INC COM 111412102 809 15925 SH SHARE 01 15925
BROADVISION INC COM 111412102 15 300 SH SHARE 300
BUTTONWOOD FDS INC ^* COM 124232109 252 10575 SH SHARE 10575
C & D TECHNOLOGIES INC COM 124661109 226 4000 SH SHARE 01 4000
CFM TECHNOLOGIES INC COM 12525K106 291 18802 SH SHARE 01 18802
CIGNA CORP COM COM 125509109 696 7448 SH SHARE 01 7448
CIGNA CORP COM COM 125509109 56 600 SH SHARE 600
CVS AUTOMATIC COM EXCHANGE SEC COM 126645209 575 8125 SH SHARE 01 8125
CVS CORP COM 126650100 3017 75425 SH SHARE 01 75425
CVS CORP COM 126650100 77 1930 SH SHARE 1930
CABLE & CO WORLDWIDE INC COM 126827104 0 42900 SH SHARE 42900
CABOT CORP COM COM 127055101 273 10000 SH SHARE 01 10000
CALCASIEU REAL ESTATE&OIL CO C COM 128685203 164 29200 SH SHARE 01 29200
CAMPBELL SOUP CO COM COM 134429109 590 20260 SH SHARE 01 20260
CATERPILLAR INC COM COM 149123101 8 250 SH SHARE 01 250
CATERPILLAR INC COM COM 149123101 318 9392 SH SHARE 9392
CELSION CORP COM 15117N107 43 15000 SH SHARE 01 15000
CENTURYTEL INC COM 156700106 319 11100 SH SHARE 01 11100
CHASE MANHATTAN CORP NEW COM 16161A108 4641 123246 SH SHARE 01 123246
CHASE MANHATTAN CORP NEW COM 16161A108 564 12252 SH SHARE 12252
CHEVRON CORP COM 166751107 719 8478 SH SHARE 01 8478
CHEVRON CORP COM 166751107 612 7216 SH SHARE 7216
CHUBB CORP COM COM 171232101 6 100 SH SHARE 01 100
CHUBB CORP COM COM 171232101 682 11090 SH SHARE 11090
CINCINNATI FINL CORP COM 172062101 318 10128 SH SHARE 10128
CISCO SYS INC COM COM 17275R102 38757 609741 SH SHARE 01 609741
CISCO SYS INC COM COM 17275R102 5405 85033 SH SHARE 85033
CITIZENS & NORTHN CORP COM COM 172922106 293 13187 SH SHARE 01 13187
CITIGROUP INC COM 172967101 38078 632001 SH SHARE 01 632001
CITIGROUP INC COM 172967101 1087 18041 SH SHARE 18041
CLEAN DIESEL TECH INC COM 18449C104 22 10300 SH SHARE 10300
CLOSURE MED CORP COM COM 189093107 905 39332 SH SHARE 01 39332
CLOSURE MED CORP COM COM 189093107 48 2100 SH SHARE 2100
COCA COLA CO COM COM 191216100 1669 29050 SH SHARE 01 29050
COCA COLA CO COM COM 191216100 1632 28416 SH SHARE 28416
COLGATE PALMOLIVE CO COM COM 194162103 7122 118942 SH SHARE 01 118942
COLGATE PALMOLIVE CO COM COM 194162103 2200 36744 SH SHARE 36744
COLUMBIA ENERGY GROUP COM 197648108 51 18775 SH SHARE 01 18775
COMERICA INC COM 200340107 348 7750 SH SHARE 01 7750
COMMERCE BANCORP INC N J COM COM 200519106 20 432 SH SHARE 01 432
COMMERCE BANCORP INC N J COM COM 200519106 225 4881 SH SHARE 4881
COMPAQ COMPUTER CORP COM 204493100 201 7849 SH SHARE 01 7849
COMPAQ COMPUTER CORP COM 204493100 726 28402 SH SHARE 28402
COMPUTER CONCEPTS NEW COM 204897300 9 10100 SH SHARE 10100
COMPUTER SCIENCES CORP COM COM 205363104 1592 21320 SH SHARE 01 21320
COMPUTER SCIENCES CORP COM COM 205363104 9 123 SH SHARE 123
COMPUTER HORIZONS CORP COM 205908106 235 17500 SH SHARE 17500
CONCORDE CAREER COLLEGES COM 20651H102 71 114000 SH SHARE 114000
CONEXANT SYS INC COM 207142100 151 3100 SH SHARE 01 3100
CONEXANT SYS INC COM 207142100 739 15200 SH SHARE 15200
CONSTELLATION ENERGY GROUP INC COM 210371100 330 10120 SH SHARE 01 10120
CONTINENTAL AIRLNS CL B COM 210795308 470 10000 SH SHARE 10000
CONVERGYS CORP COM 212485106 794 15300 SH SHARE 15300
CORNING INC COM 219350105 27403 101540 SH SHARE 01 101540
CORNING INC COM 219350105 219 831 SH SHARE 831
CORRECTIONAL SVCS CORP COM 219921103 41 10500 SH SHARE 10500
COTTON STS LIFE & HEALTH INS C COM 221774102 102 12000 SH SHARE 01 12000
COURIER CORP COM 222660102 297 10500 SH SHARE 01 10500
COVAD COMMUNICATIONS GROUP INC COM 222814204 32 2000 SH SHARE 01 2000
COVAD COMMUNICATIONS GROUP INC COM 222814204 268 16650 SH SHARE 16650
CREE INC COM 225447101 1368 10250 SH SHARE 01 10250
CREE INC COM 225447101 27 200 SH SHARE 200
CYTOGEN CORP COM 232824102 414 40900 SH SHARE 01 40900
CYTOGEN CORP COM 232824102 20 2000 SH SHARE 2000
DALLAS SEMICONDUCTOR COM COM 235204104 1764 43300 SH SHARE 01 43300
DELCO REMY INTL INCCL A COM 246626105 419 50400 SH SHARE 01 50400
DELL COMPUTER CORP COM COM 247025109 215 4370 SH SHARE 01 4370
DELL COMPUTER CORP COM COM 247025109 252 5111 SH SHARE 5111
DISNEY WALT COMPANY NEW COM 254687106 1086 27978 SH SHARE 01 27978
DISNEY WALT COMPANY NEW COM 254687106 188 4850 SH SHARE 4850
DONALDSON LUFKIN & COM 257661108 297 7000 SH SHARE 7000
DOUBLECLICK INC COM 258609304 3 70 SH SHARE 01 70
DOUBLECLICK INC COM 258609304 371 9740 SH SHARE 9740
DOW CHEM CO COM COM 260543103 114 3768 SH SHARE 01 3768
DOW CHEM CO COM COM 260543103 106 3510 SH SHARE 3510
DU PONT E I DE NEMOURS & CO CO COM 263534109 1972 60064 SH SHARE 01 60064
DU PONT E I DE NEMOURS & CO CO COM 263534109 1752 40051 SH SHARE 40051
DUALSTAR TECH CORP COM 263572109 137 35300 SH SHARE 35300
DUKE ENERGY CORP COM 264399106 1696 30082 SH SHARE 01 30082
DUKE ENERGY CORP COM 264399106 57 1019 SH SHARE 1019
DUKE-WEEKS RLTY CORP COM 264411505 448 20000 SH SHARE 01 20000
DUKE-WEEKS RLTY CORP COM 264411505 2 100 SH SHARE 100
EMC CORP MASS COM COM 268648102 36671 476630 SH SHARE 01 476630
EMC CORP MASS COM COM 268648102 2387 31025 SH SHARE 31025
E SPIRE COMMNS INC COM 269153102 169 25000 SH SHARE 25000
E-TEK DYNAMICS INC COM 269240107 633 2400 SH SHARE 01 2400
EASTMAN KODAK CO COM COM 277461109 20 332 SH SHARE 01 332
EASTMAN KODAK CO COM COM 277461109 1213 20378 SH SHARE 20378
ELAN CORP PLC ADR F COM 284131208 332 6850 SH SHARE 6850
EMERSON ELEC CO COM COM 291011104 435 7205 SH SHARE 01 7205
EMERSON ELEC CO COM COM 291011104 6 100 SH SHARE 100
EMPIRE LTD CL A COM 291843407 1045 45000 SH SHARE 01 45000
ENRON CORP COM COM 293561106 444 6880 SH SHARE 01 6880
ENRON CORP COM COM 293561106 137 2129 SH SHARE 2129
ERICSSON L M TEL CO F COM 294821400 378 18900 SH SHARE 18900
EXCEL TECHNOLOGY INC COM 30067T103 15 300 SH SHARE 01 300
EXCEL TECHNOLOGY INC COM 30067T103 201 4000 SH SHARE 4000
EXXON MOBIL CORP COM 30231G102 15829 201648 SH SHARE 01 201648
EXXON MOBIL CORP COM 30231G102 2014 25657 SH SHARE 25657
FAIRFIELD COMMUNITIES INC COM 304231301 1453 184500 SH SHARE 01 184500
FED HOME LOAN MTG COM COM 313400301 1003 24773 SH SHARE 01 24773
FED HOME LOAN MTG COM COM 313400301 4 100 SH SHARE 100
FANNIE MAE COM 313586109 2056 39395 SH SHARE 01 39395
FANNIE MAE COM 313586109 103 1969 SH SHARE 1969
FIRST UNION CORP COM COM 337358105 1217 77056 SH SHARE 01 77056
FIRST UNION CORP COM COM 337358105 1233 49712 SH SHARE 49712
FLEET BOSTON FINANCIAL CORP COM 339030108 195 5746 SH SHARE 01 5746
FLEET BOSTON FINANCIAL CORP COM 339030108 513 15096 SH SHARE 15096
FORD MTR CO DEL COM COM 345370100 226 5263 SH SHARE 01 5263
FORD MTR CO DEL COM COM 345370100 191 4443 SH SHARE 4443
FRANKEL CAPITAL MGMT INC COM 352019103 0 11000 SH SHARE 11000
FUEL-TECH N V F COM 359523107 46 20100 SH SHARE 20100
G T E CORP COM COM 362320103 947 15210 SH SHARE 01 15210
G T E CORP COM COM 362320103 350 5624 SH SHARE 5624
GANNETT INC COM 364730101 2811 46990 SH SHARE 01 46990
GANNETT INC COM 364730101 24 400 SH SHARE 400
GENENTECH INC COM 368710406 344 2000 SH SHARE 01 2000
GENERAL ELEC CO COM COM 369604103 23826 900546 SH SHARE 01 900546
GENERAL ELEC CO COM COM 369604103 4443 83839 SH SHARE 83839
GENERAL MTRS CORP COM COM 370442105 157 2700 SH SHARE 01 2700
GENERAL MTRS CORP COM COM 370442105 454 7824 SH SHARE 7824
GENERAL MTRS CORP CL H NEW COM 370442832 370 4217 SH SHARE 01 4217
GENERAL MTRS CORP CL H NEW COM 370442832 16 186 SH SHARE 186
GENESEE & WYOMING INC COM 371559105 268 16000 SH SHARE 01 16000
GILLETTE CO COM COM 375766102 658 18845 SH SHARE 01 18845
GILLETTE CO COM COM 375766102 283 8110 SH SHARE 8110
GRANITE BROADCASTING CRP COM 387241102 94 12800 SH SHARE 12800
GREY WOLF INC COM 397888108 70 14000 SH SHARE 14000
GUIDANT CORP COM COM 401698105 173 3500 SH SHARE 01 3500
GUIDANT CORP COM COM 401698105 91 1847 SH SHARE 1847
H T E INC COM 403926108 67 51400 SH SHARE 51400
HCA-HEALTHCARE CO COM 404119109 401 13190 SH SHARE 01 13190
FIBERCORE INC COM 40426E101 640 117286 SH SHARE 01 117286
HSB GROUP INC COM COM 40428N109 1528 49090 SH SHARE 01 49090
HALLIBURTON CO COM COM 406216101 2429 51480 SH SHARE 01 51480
HALLIBURTON CO COM COM 406216101 632 13390 SH SHARE 13390
HARLEY DAVIDSON INC COM COM 412822108 370 9600 SH SHARE 01 9600
HARLEY DAVIDSON INC COM COM 412822108 285 7395 SH SHARE 7395
HEINZ H J CO COM COM 423074103 215 4913 SH SHARE 01 4913
HEINZ H J CO COM COM 423074103 29 660 SH SHARE 660
HEWLETT PACKARD CO COM COM 428236103 5824 46640 SH SHARE 01 46640
HEWLETT PACKARD CO COM COM 428236103 178018 1425570 SH SHARE 1425570
HOME DEPOT INC COM 437076102 21965 439854 SH SHARE 01 439854
HOME DEPOT INC COM 437076102 2617 52397 SH SHARE 52397
HOME STAKE OIL & GAS CO COM 437356108 130 12139 SH SHARE 01 12139
HONEYWELL INTERNATIONAL INC COM 438506107 301 8925 SH SHARE 01 8925
HONEYWELL INTL INC COM 438516106 714 21192 SH SHARE 21192
HOUSEHOLD INTL INC COM COM 441815107 860 20695 SH SHARE 01 20695
HOUSEHOLD INTL INC COM COM 441815107 8 200 SH SHARE 200
HUBBELL INC CL B COM 443510201 255 10000 SH SHARE 10000
ILLINOIS TOOL WKS INC COM 452308109 317 5565 SH SHARE 01 5565
ILLINOIS TOOL WKS INC COM 452308109 11 195 SH SHARE 195
IMAGEMAX INC COM 45245V101 41 27325 SH SHARE 27325
INTEGRATED DEVICE TECHNOLOGY I COM 458118106 979 16350 SH SHARE 01 16350
INTEL CORP COM 458140100 14868 111215 SH SHARE 01 111215
INTEL CORP COM 458140100 4931 36886 SH SHARE 36886
INTERNATIONAL BUSINESS MACHS I COM 459200101 10568 96456 SH SHARE 01 96456
INTERNATIONAL BUSINESS MACHS I COM 459200101 2051 18717 SH SHARE 18717
INTERNATIONAL PAPER CO COM COM 460146103 88 2940 SH SHARE 01 2940
INTERNATIONAL PAPER CO COM COM 460146103 2376 79699 SH SHARE 79699
INTL SHIPHOLDING CRP COM NEW COM 460321201 824 94150 SH SHARE 01 94150
INTERNET CAP GROUP INC COM 46059C106 533 14400 SH SHARE 01 14400
INTERNET CAP GROUP INC COM 46059C106 200 5415 SH SHARE 5415
I2 TECHNOLOGIES INC COM 465754109 271 2600 SH SHARE 01 2600
IVAX CORP COM COM 465823102 282 6800 SH SHARE 01 6800
IXYS CORP DEL COM 46600W106 214 4000 SH SHARE 01 4000
JDS UNIPHASE CORP COM 46612J101 27260 227400 SH SHARE 01 227400
JDS UNIPHASE CORP COM 46612J101 905 7550 SH SHARE 7550
JLG INDS INC COM 466210101 296 24900 SH SHARE 01 24900
JLG INDS INC COM 466210101 38 3200 SH SHARE 3200
JOHNSON & JOHNSON COM COM 478160104 18677 183337 SH SHARE 01 183337
JOHNSON & JOHNSON COM COM 478160104 1861 18267 SH SHARE 18267
KCS ENERGY INC NEW COM 482434206 72 52300 SH SHARE 52300
KANSAS CITY SOUTHN INDS INC COM 485170104 3777 42590 SH SHARE 01 42590
KANSAS CITY SOUTHN INDS INC COM 485170104 186 2100 SH SHARE 2100
KERR MCGEE CORP COM 492386107 378 6411 SH SHARE 01 6411
KEYSTONE FINL INC COM 493482103 86 4028 SH SHARE 01 4028
KEYSTONE FINL INC COM 493482103 128 6000 SH SHARE 6000
KIMBERLY CLARK CORP COM COM 494368103 2976 51870 SH SHARE 01 51870
KIMBERLY CLARK CORP COM COM 494368103 60 1040 SH SHARE 1040
KOHLS CORP COM 500255104 359 6450 SH SHARE 01 6450
KONINKLIJKE PHILIPS F COM 500472204 213 4496 SH SHARE 4496
KULICKE & SOFFA IND INC COM 501242101 481 8100 SH SHARE 8100
LEARNING TREE INTERNATIONAL IN COM 522015106 25 400 SH SHARE 01 400
LEARNING TREE INTERNATIONAL IN COM 522015106 306 5000 SH SHARE 5000
LEVEL 3 COMMUNICATIONS INC COM 52729N100 222 2525 SH SHARE 01 2525
LEVEL 3 COMMUNICATIONS INC COM 52729N100 22 250 SH SHARE 250
LIGHTPATH TECHNOLOGIES INC CL COM 532257102 8 200 SH SHARE 01 200
LIGHTPATH TECHNOLOGIES INC CL COM 532257102 213 5350 SH SHARE 5350
LILLY ELI & CO COM COM 532457108 659 6601 SH SHARE 01 6601
LILLY ELI & CO COM COM 532457108 310 3103 SH SHARE 3103
LINCOLN NATL CORP IND COM COM 534187109 397 11000 SH SHARE 01 11000
LINCOLN NATL CORP IND COM COM 534187109 130 3600 SH SHARE 3600
LUCENT TECHNOLOGIES INC COM 549463107 6590 111228 SH SHARE 01 111228
LUCENT TECHNOLOGIES INC COM 549463107 2452 42044 SH SHARE 42044
MBNA CORP COM COM 55262L100 10721 395242 SH SHARE 01 395242
MBNA CORP COM COM 55262L100 9 350 SH SHARE 350
MARITRANS INC COM 570363101 999 164800 SH SHARE 01 164800
MARSH & MCLENNAN COS INC COM 571748102 2345 22450 SH SHARE 01 22450
MARSH & MCLENNAN COS INC COM 571748102 487 4659 SH SHARE 4659
MAXAM GOLD CORP COM 57772F102 12 200000 SH SHARE 01 200000
MAXIM INTEGRATED PRODS INC COM COM 57772K101 1053 15500 SH SHARE 01 15500
MCDONALDS CORP COM COM 580135101 1175 35675 SH SHARE 01 35675
MCDONALDS CORP COM COM 580135101 381 11569 SH SHARE 11569
MCGRAW-HILL COS INC COM COM 580645109 248 4600 SH SHARE 01 4600
MCGRAW-HILL COS INC COM COM 580645109 11 200 SH SHARE 200
MEDTRONIC INC COM COM 585055106 9042 181520 SH SHARE 01 181520
MEDTRONIC INC COM COM 585055106 742 14900 SH SHARE 14900
MELLON FINANCIAL CORP COM 585509102 649 17804 SH SHARE 01 17804
MERCK & CO INC COM COM 589331107 35904 468572 SH SHARE 01 468572
MERCK & CO INC COM COM 589331107 3947 51512 SH SHARE 51512
MERCURY INTERACTIVE CORP COM 589405109 464 4800 SH SHARE 4800
MEREDITH CORP COM 589433101 948 28100 SH SHARE 28100
MERIDIAN INS GROUP INC COM COM 589601103 778 64795 SH SHARE 01 64795
MERIDIAN RES CORP COM 58977Q109 57 10000 SH SHARE 10000
MERRILL LYNCH COM 590188108 1150 10000 SH SHARE 01 10000
MICROSOFT CORP COM COM 594918104 8766 109574 SH SHARE 01 109574
MICROSOFT CORP COM COM 594918104 2418 30225 SH SHARE 30225
MINNESOTA MNG & MFG CO COM COM 604059105 295 3577 SH SHARE 01 3577
MINNESOTA MNG & MFG CO COM COM 604059105 1298 15638 SH SHARE 15638
MINNESOTA PWR INC COM COM 604110106 51 2950 SH SHARE 01 2950
MINNESOTA PWR INC COM COM 604110106 152 8800 SH SHARE 8800
MONY GROUP INC COM 615337102 237 7000 SH SHARE 01 7000
MORGAN J P & CO INC COM COM 616880100 382 3465 SH SHARE 01 3465
MORGAN J P & CO INC COM COM 616880100 171 1556 SH SHARE 1556
MORGAN STANLEY DEAN WITTER & C COM 617446448 16087 193236 SH SHARE 01 193236
MORGAN STANLEY DEAN WITTER & C COM 617446448 355 4270 SH SHARE 4270
MOTHERS WORK INC COM 619903107 1656 147186 SH SHARE 147186
MOTOROLA INC COM COM 620076109 3946 135775 SH SHARE 01 135775
MOTOROLA INC COM COM 620076109 503 16610 SH SHARE 16610
NAHC INC COM 62874P107 1 12000 SH SHARE 12000
NCO GROUP INC COM 628858102 1 50 SH SHARE 01 50
NCO GROUP INC COM 628858102 404 17450 SH SHARE 17450
NAMIBIAN MINERALS CORP F COM 629913104 103 28500 SH SHARE 28500
NASDAQ-100 TRUST SR 1 * PFD 631100104 384 4110 SH SHARE 4110
NATIONAL CITY CORP COM COM 635405103 606 35536 SH SHARE 01 35536
NATIONAL CITY CORP COM COM 635405103 85 5000 SH SHARE 5000
NATIONAL SEMICONDUCTOR CORP COM 637640103 1986 35000 SH SHARE 01 35000
NATIONAL SEMICONDUCTOR CORP COM 637640103 17 300 SH SHARE 300
NAXOS RES LTD F COM 63934H101 2 30000 SH SHARE 30000
NEXTEL COMMUNICATIONS INC COM 65332V103 32962 538705 SH SHARE 01 538705
NEXTEL COMMUNICATIONS INC COM 65332V103 175 2862 SH SHARE 2862
NEXTLINK COMMUNICATIONS INC COM 65333H707 334 8800 SH SHARE 01 8800
NIAGARA MOHAWK HLDGS INC COM 653522102 1458 104600 SH SHARE 01 104600
NOKIA CORP A COM 654902204 15481 310000 SH SHARE 01 310000
NOKIA CORP A COM 654902204 2694 53356 SH SHARE 53356
NOCOPI TECHNOLOGIES INC COM 655212207 17 101300 SH SHARE 101300
NORTEL NETWORKS CORP COM 656568102 18428 270000 SH SHARE 01 270000
NORTEL NETWORKS CORP COM 656568102 1221 17890 SH SHARE 17890
NOVELLUS SYSTEM INC COM 670008101 3504 61950 SH SHARE 01 61950
O C G TECHNOLOGY INC COM 670818103 3 20000 SH SHARE 20000
OMEGA HEALTHCARE INVS INC COM COM 681936100 45 10007 SH SHARE 01 10007
ORACLE CORP COM COM 68389X105 16035 190750 SH SHARE 01 190750
ORACLE CORP COM COM 68389X105 700 8325 SH SHARE 8325
OPPENHEIMER GLOBAL FD ^* COM 683924104 251 3660 SH SHARE 3660
PE CORP PE BIOSYSTEM GRP COM 69332S102 547 8298 SH SHARE 8298
PIMCO FDS HI YLD CL A ^* COM 693390379 192 18924 SH SHARE 18924
PMA CAP CORP CL A COM 693419202 342 18000 SH SHARE 01 18000
PMC-SIERRA INC COM 69344F102 1510 8500 SH SHARE 01 8500
PNC FINANCIAL SERVICES GROUP COM 693475105 632 13487 SH SHARE 01 13487
PNC FINANCIAL SERVICES GROUP COM 693475105 248 5290 SH SHARE 5290
PPL CORPORATION COM 69351T106 396 18047 SH SHARE 01 18047
PPL CORPORATION COM 69351T106 68 3085 SH SHARE 3085
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