UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 2000
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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: Michael Brace
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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/ Michael Brace Williamsville, NY 8/11/00
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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.]
Form 13F File Number Name
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28-04969 - [Repeat as necessary.]
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<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
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Form 13F Information Table Entry Total: 89
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Form 13F Information Table Value Total: $528,715
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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 ANONE@ and omit the column headings
and list entries.]
No. Form 13F File Number Name
____ 28-_____________________ __________________________
[Repeat as necessary.]
<PAGE>
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Elias Asset Management
FORM 13F
June 30, 2000
Voting Authority
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Value Shares/ Sh/ Put/ Invstmt Other
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>
AT & T COM 001957109 11700 369962 SH Sole 369962
America Online COM 02364J104 13002 246480 SH Sole 246480
American Express COM 025816109 13894 266543 SH Sole 266543
American International Group COM 026874107 21695 184635 SH Sole 184635
Automatic Data Processing COM 053015103 13972 260855 SH Sole 260855
Bristol Myers Squibb COM 110122108 1118 19200 SH Sole 19200
Cisco Sys Inc. COM 17275R102 788 12391 SH Sole 12391
Citigroup COM 172967101 23285 386468 SH Sole 386468
Clear Channel Communications COM 184502102 15891 211875 SH Sole 211875
Coca-Cola Company COM 191216100 15911 277017 SH Sole 277017
Compaq Computer COM 204493100 710 27794 SH Sole 27794
Dell Computer Corp. COM 247025109 18373 372593 SH Sole 372593
Diamonds Trust COM 252787106 1044 10000 SH Sole 10000
EMC Corp. Mass COM 268648102 27825 361663 SH Sole 361663
Exxon Mobil Corporation COM 30231G102 14494 184638 SH Sole 184638
Fannie Mae COM 313586109 12673 242835 SH Sole 242835
General Electric COM 369604103 29486 556347 SH Sole 556347
Home Depot Inc. COM 437076102 13604 272425 SH Sole 272425
Intel Corp. COM 458140100 25045 187337 SH Sole 187337
International Business Machine COM 459200101 554 5060 SH Sole 5060
Lilly, Eli & Co. COM 532457108 20647 206726 SH Sole 206726
Lucent Technologies COM 549463107 17307 292100 SH Sole 292100
Merck and Co. COM 589331107 22430 292724 SH Sole 292724
Merrill-Lynch COM 590188108 21999 191293 SH Sole 191293
Microsoft, Inc. COM 594918104 17074 213430 SH Sole 213430
Motorola COM 620076109 11833 407161 SH Sole 407161
Nasdaq-100 COM 631100104 934 10000 SH Sole 10000
Pfizer COM 717081103 376 7834 SH Sole 7834
Schering-Plough COM 806605101 707 14000 SH Sole 14000
Tellabs, Inc. COM 879664100 16886 246740 SH Sole 246740
Texas Instruments COM 882508104 15476 225305 SH Sole 225305
United Technologies COM 913017109 16383 278269 SH Sole 278269
Wal-Mart Stores COM 931142103 13738 238410 SH Sole 238410
Walt Disney Co. COM 254687106 19611 505276 SH Sole 505276
WorldCom Inc. COM 98157D106 19563 426439 SH Sole 426439
Brandywine Fund 10532D107 289 6012.7380SH Sole 6012.7380
Capital Exchange Fund 277919205 499 844.7750 SH Sole 844.7750
First Mutual Fund 892880105 2646 131956.0819SH Sole 131956.0819
American Express COM 461 8843 SH Sole 8843
American Home Products COM 1182 20120 SH Sole 20120
American International Group COM 282 2396 SH Sole 2396
Amgen COM 3638 51790 SH Sole 51790
BP Amoco PLC-Spons ADR COM 055622104 262 4626 SH Sole 4626
Bank of New York COM 064057102 223 4800 SH Sole 4800
BellSouth Corp COM 239 5612 SH Sole 5612
Bestfoods COM 08658U101 699 10100 SH Sole 10100
Bristol Myers Squibb COM 1778 30525 SH Sole 30525
Century Business Services COM 156490104 19 10000 SH Sole 10000
Chevron Corp. COM 166751107 364 4290 SH Sole 4290
Citigroup COM 321 5325 SH Sole 5325
Coca-Cola COM 216 3760 SH Sole 3760
Colgate - Palmolive COM 194162103 503 8400 SH Sole 8400
Colonial Bancgroup COM 195493309 108 12000 SH Sole 12000
Computer Task Group COM 205477102 664 131150 SH Sole 131150
Corning Inc. COM 219350105 729 2700 SH Sole 2700
Dell Computer Corp. COM 530 10750 SH Sole 10750
DuPont E.I. COM 398 9096 SH Sole 9096
EMC Corp/Mass COM 723 9400 SH Sole 9400
Exxon Mobil Corporation COM 30231G102 3330 42418 SH Sole 42418
Fannie Mae COM 342 6550 SH Sole 6550
General Electric COM 369604103 5989 113000 SH Sole 113000
Gillette Inc. COM 375766102 1055 30184 SH Sole 30184
Home Depot COM 306 6125 SH Sole 6125
Intel Corp. COM 1263 9450 SH Sole 9450
International Business Machine COM 1050 9580 SH Sole 9580
Johnson & Johnson COM 478160104 265 2600 SH Sole 2600
Lilly, Eli & Co. COM 370 3700 SH Sole 3700
Lucent Technologies COM 556 9384 SH Sole 9384
Mellon Bank Corp. COM 58551A108 296 8112 SH Sole 8112
Merck and Co. COM 1739 22700 SH Sole 22700
Merrill-Lynch COM 590188108 264 2300 SH Sole 2300
Microsoft, Inc. COM 594918104 571 7132 SH Sole 7132
Motorola COM 357 12300 SH Sole 12300
Pfizer COM 374 7800 SH Sole 7800
Rand Capital Corp. COM 752185108 22 10000 SH Sole 10000
SBC Communications COM 381 8809 SH Sole 8809
Safari Assoc. COM 786363101 8 26500 SH Sole 26500
Smithkline Beecham PLC Adr Rep COM 832378301 209 3200 SH Sole 3200
Tellabs, Inc. COM 879664100 260 3800 SH Sole 3800
Texaco Corp COM 881694103 245 4600 SH Sole 4600
Texas Instruments COM 882508104 268 3900 SH Sole 3900
Trustco Bank Corp. COM 898349105 316 25320 SH Sole 25320
Union Pacific COM 907818108 203 5460 SH Sole 5460
United Technologies COM 437 7425 SH Sole 7425
WM Wrigley Jr. Co. COM 982526105 241 3000 SH Sole 3000
Wal-Mart Stores COM 245 4250 SH Sole 4250
Walgreen and Co. COM 931422109 257 8000 SH Sole 8000
Walt Disney Co. COM 488 12570 SH Sole 12570
WorldCom COM 55268B106 206 4500 SH Sole 4500
REPORT SUMMARY 89 528715 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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