UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Report for the Calendar Year or Quarter Ended: June 30, 1999
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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: Elias Asset Management
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Address: 500 Essjay Rd. Suite 220
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Williamsville, NY 14221
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Form 13F File Number: 28-
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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.
Person Signing this Report on Behalf of Reporting Manager:
Name: Nicholas Verbanic
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Title: Portfolio Manager
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Phone: 716-633-3800
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Signature, Place, and Date of Signing:
/s/ Nicholas Verbanic Williamsville, NY August 12, 1999
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[Signature] [City, State] [Date]
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.
[ ] 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
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Form 13F Information Table Entry Total: 96
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Form 13F Information Table Value Total: $422,984
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(thousands)
List of other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.]
<PAGE>
<TABLE>
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AT & T com 001957109 17593 315223 SH SOLE 315223
America Online com 02364J104 1649 14995 SH SOLE 14995
American Express com 025816109 20473 157335 SH SOLE 157335
American International Group com 026874107 16057 136946 SH SOLE 136946
American Precision com 029069101 2690 250250 SH SOLE 250250
Amgen com 031162100 1250 20540 SH SOLE 20540
Bank One Corp. com 06423A103 16021 268979 SH SOLE 268979
Bankamerica Corp. com 060505104 486 6623 SH SOLE 6623
Bristol Myers Squibb com 110122108 19671 279267 SH SOLE 279267
Cisco Sys Inc. com 17275R102 1369 21247 SH SOLE 21247
Citigroup com 172967101 17853 375847 SH SOLE 375847
Clear Channel Communications com 184502102 956 13872 SH SOLE 13872
Compaq Computer com 204493100 10534 444692 SH SOLE 444692
Dell Computer Corp. com 247025109 11694 316063 SH SOLE 316063
EMC Corp. Mass com 268648102 12335 224264 SH SOLE 224264
Exxon Corp com 302290101 14385 186519 SH SOLE 186519
Fannie Mae com 313586109 13801 202217 SH SOLE 202217
General Electric com 369604103 22090 195489 SH SOLE 195489
Gillette Inc. com 375766102 535 13048 SH SOLE 13048
Hartford Financial Svcs Grp com 416515104 729 12500 SH SOLE 12500
Home Depot Inc. com 437076102 294 4566 SH SOLE 4566
Intel Corp. com 458140100 22399 376453 SH SOLE 376453
International Business Machine com 459200101 632 4889 SH SOLE 4889
Johnson & Johnson com 478160104 955 9750 SH SOLE 9750
Lilly, Eli & Co. com 532457108 12698 177278 SH SOLE 177278
Lucent Technologies com 549463107 18759 278174 SH SOLE 278174
MCI WorldCom Inc. com 55268B106 20568 238984 SH SOLE 238984
Media One Group, Inc. com 58440J104 1000 13450 SH SOLE 13450
Merck and Co. com 589331107 19608 266325 SH SOLE 266325
Merrill-Lynch com 590188108 13458 169279 SH SOLE 169279
Microsoft, Inc. com 594918104 16023 177661 SH SOLE 177661
Motorola com 620076109 264 2782 SH SOLE 2782
Pfizer com 717081103 320 2933 SH SOLE 2933
Procter & Gamble com 742718109 13514 151422 SH SOLE 151422
QWest Communications Intl Inc. com 749121109 1118 33800 SH SOLE 33800
Schering-Plough com 806605101 12849 244743 SH SOLE 244743
Solectron com 834182107 1177 17650 SH SOLE 17650
Sovran Self Storage com 84610H108 215 8000 SH SOLE 8000
Wal-Mart Stores com 931142103 16125 334200 SH SOLE 334200
Walt Disney Co. com 254687106 14499 470548 SH SOLE 470548
AT & T com 001957109 265 4742 SH SOLE 4742
Abbott Labs com 002824100 225 4950 SH SOLE 4950
American Express com 025816109 544 4181 SH SOLE 4181
American Home Products com 026609107 1063 18520 SH SOLE 18520
American International Group com 026874107 266 2268 SH SOLE 2268
Ameritech Corp. com 030954101 243 3312 SH SOLE 3312
Amgen com 031162100 1583 26000 SH SOLE 26000
BP Amoco PLC-Spons ADR com 055622104 431 3970 SH SOLE 3970
Banc One Corp. com 06423A103 310 5200 SH SOLE 5200
Bank of New York com 064057102 249 6800 SH SOLE 6800
Bankamerica Corp. com 060505104 282 3852 SH SOLE 3852
Bell Atlantic com 077853109 202 3088 SH SOLE 3088
BellSouth Corp com 079860102 259 5612 SH SOLE 5612
Bestfoods com 08658U101 500 10100 SH SOLE 10100
Bristol Myers Squibb com 110122108 2141 30400 SH SOLE 30400
Chevron com 166751107 399 4200 SH SOLE 4200
Citigroup com 173034109 285 6000 SH SOLE 6000
Coca-Cola com 191216100 202 3260 SH SOLE 3260
Colgate - Palmolive com 194162103 433 4400 SH SOLE 4400
Colonial Bancgroup com 195493309 167 12000 SH SOLE 12000
Computer Task Group com 205477102 2230 131150 SH SOLE 131150
Corning Inc. com 219350105 365 5200 SH SOLE 5200
Dell Computer Corp. com 247025109 446 12050 SH SOLE 12050
DuPont E.I. com 263534109 636 9316 SH SOLE 9316
EMC Corp/Mass com 268648102 291 5300 SH SOLE 5300
Exxon Corp com 302290101 2418 31348 SH SOLE 31348
Fannie Mae com 313586109 461 6750 SH SOLE 6750
General Electric com 369604103 4317 38200 SH SOLE 38200
Gillette Inc. com 375766102 1260 30734 SH SOLE 30734
Intel Corp. com 458140100 1035 17400 SH SOLE 17400
International Business Machine com 459200101 1044 8080 SH SOLE 8080
Jefferson Pilot Corp. com 475070108 201 3037 SH SOLE 3037
Lilly, Eli & Co. com 532457108 286 4000 SH SOLE 4000
Lucent Technologies com 549463107 653 9684 SH SOLE 9684
MCI WorldCom com 55268B106 219 2550 SH SOLE 2550
Mellon Bank Corp. com 585509102 295 8112 SH SOLE 8112
Merck and Co. com 589331107 1708 23200 SH SOLE 23200
Merrill-Lynch com 590188108 223 2800 SH SOLE 2800
Microsoft, Inc. com 594918104 778 8632 SH SOLE 8632
Mobil com 607059102 824 8348 SH SOLE 8348
Motorola com 620076109 322 3400 SH SOLE 3400
Pfizer com 717081103 403 3700 SH SOLE 3700
Pharmacia & Upjohn Inc. com 716941109 201 3535 SH SOLE 3535
Philip Morris com 718154107 263 6555 SH SOLE 6555
Procter & Gamble com 742718109 609 6820 SH SOLE 6820
Rand Capital Corp. com 752185108 9 10000 SH SOLE 10000
SBC Communications com 78387G103 258 4452 SH SOLE 4452
Smithkline Beecham PLC Adr Rep com 832378301 211 3200 SH SOLE 3200
Texaco Corp com 881694103 287 4600 SH SOLE 4600
Union Pacific com 907818108 327 5600 SH SOLE 5600
United Technologies com 913017109 288 4000 SH SOLE 4000
WM Wrigley Jr. Co. com 982526105 268 3000 SH SOLE 3000
Wal-Mart Stores com 931142103 210 4350 SH SOLE 4350
Walgreen and Co. com 931422109 235 8000 SH SOLE 8000
Walt Disney Co. com 254687106 437 14170 SH SOLE 14170
DuPont E.I. com 263534109 269 3940 SH SOLE 3940
</TABLE>
