UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 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: 28-04969
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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:
Williamsville, NY 11/12/99
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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:
NONE
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
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Form 13F Information Table Entry Total: 86
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Form 13F Information Table Value Total: $ 428,374
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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.]
NONE
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<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 15519 356766 SH SOLE 356766
America Online com 02364J104 201 1930 SH SOLE 1930
American Express com 025816109 20386 151005 SH SOLE 151005
American International Group com 026874107 16043 184539 SH SOLE 184539
American Precision com 029069101 2446 238600 SH SOLE 238600
Bank One Corp. com 06423A103 288 8270 SH SOLE 8270
Bankamerica Corp. com 060505104 211 3788 SH SOLE 3788
Bristol Myers Squibb com 110122108 19585 290142 SH SOLE 290142
Cisco Sys Inc. com 17275R102 351 5125 SH SOLE 5125
Citigroup com 172967101 16753 380746 SH SOLE 380746
Coca-Cola Company com 191216100 10592 219525 SH SOLE 219525
Compaq Computer com 204493100 11322 494952 SH SOLE 494952
Dell Computer Corp. com 247025109 14089 336948 SH SOLE 336948
EMC Corp. Mass com 268648102 16678 233664 SH SOLE 233664
Exxon Corp com 302290101 15043 197934 SH SOLE 197934
Fannie Mae com 313586109 13272 211717 SH SOLE 211717
General Electric com 369604103 22229 187489 SH SOLE 187489
Gillette Inc. com 375766102 397 11708 SH SOLE 11708
Home Depot Inc. com 437076102 13949 203259 SH SOLE 203259
Intel Corp. com 458140100 21888 294543 SH SOLE 294543
International Business Machine com 459200101 280 2317 SH SOLE 2317
Lilly, Eli & Co. com 532457108 12886 200758 SH SOLE 200758
Lucent Technologies com 549463107 17055 262885 SH SOLE 262885
MCI WorldCom Inc. com 55268B106 17580 244591 SH SOLE 244591
Merck and Co. com 589331107 17347 267655 SH SOLE 267655
Merrill-Lynch com 590188108 12834 190489 SH SOLE 190489
Microsoft, Inc. com 594918104 16888 186476 SH SOLE 186476
Motorola com 620076109 203 2307 SH SOLE 2307
Pfizer com 717081103 305 8500 SH SOLE 8500
Procter & Gamble com 742718109 14872 158632 SH SOLE 158632
Schering-Plough com 806605101 11527 264238 SH SOLE 264238
United Technologies com 913017109 12139 204658 SH SOLE 204658
Wal-Mart Stores com 931142103 16001 336421 SH SOLE 336421
Walt Disney Co. com 254687106 12871 495044 SH SOLE 495044
Capital Exchange Fund 277919205 437 906.0890 SH SOLE 906.0890
First Mutual Fund 892880105 2066 127146.9270SH SOLE 127146.9270
AT & T com 206 4742 SH SOLE 4742
American Express com 564 4181 SH SOLE 4181
American Home Products com 769 18520 SH SOLE 18520
American International Group com 246 2833 SH SOLE 2833
Ameritech Corp. com 221 3312 SH SOLE 3312
Amgen com 2119 26000 SH SOLE 26000
BP Amoco PLC-Spons ADR com 440 3970 SH SOLE 3970
Bank of New York com 227 6800 SH SOLE 6800
Bankamerica Corp. com 215 3852 SH SOLE 3852
Bell Atlantic com 208 3088 SH SOLE 3088
BellSouth Corp com 253 5612 SH SOLE 5612
Bestfoods com 490 10100 SH SOLE 10100
Bristol Myers Squibb com 2052 30400 SH SOLE 30400
Chevron com 373 4200 SH SOLE 4200
Citigroup com 264 6000 SH SOLE 6000
Colgate - Palmolive com 403 8800 SH SOLE 8800
Colonial Bancgroup com 134 12000 SH SOLE 12000
Computer Task Group com 1934 131150 SH SOLE 131150
Corning Inc. com 357 5200 SH SOLE 5200
Dell Computer Corp. com 504 12050 SH SOLE 12050
DuPont E.I. com 550 9096 SH SOLE 9096
EMC Corp/Mass com 378 5300 SH SOLE 5300
Exxon Corp com 2382 31348 SH SOLE 31348
Fannie Mae com 423 6750 SH SOLE 6750
General Electric com 4494 37900 SH SOLE 37900
Gillette Inc. com 1043 30734 SH SOLE 30734
Intel Corp. com 1118 15050 SH SOLE 15050
International Business Machine com 978 8080 SH SOLE 8080
Lilly, Eli & Co. com 257 4000 SH SOLE 4000
Lucent Technologies com 609 9384 SH SOLE 9384
MCI WorldCom com 255 3546 SH SOLE 3546
Mellon Bank Corp. com 273 8112 SH SOLE 8112
Merck and Co. com 1504 23200 SH SOLE 23200
Microsoft, Inc. com 782 8632 SH SOLE 8632
Mobil com 841 8348 SH SOLE 8348
Motorola com 299 3400 SH SOLE 3400
Pfizer com 398 11100 SH SOLE 11100
Philip Morris com 221 6450 SH SOLE 6450
Procter & Gamble com 639 6820 SH SOLE 6820
Rand Capital Corp. com 10 10000 SH SOLE 10000
SBC Communications com 227 4452 SH SOLE 4452
Safari Assoc. com 3 26500 SH SOLE 26500
Texaco Corp com 290 4600 SH SOLE 4600
Union Pacific com 269 5600 SH SOLE 5600
United Technologies com 394 6650 SH SOLE 6650
WM Wrigley Jr. Co. com 206 3000 SH SOLE 3000
Wal-Mart Stores com 207 4350 SH SOLE 4350
Walgreen and Co. com 203 8000 SH SOLE 8000
Walt Disney Co. com 368 14170 SH SOLE 14170
DuPont E.I. 263534109 238 3940 SH SOLE 3940
</TABLE>
