UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 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:
/s/ Nicholas Verbanic Williamsville, NY 2/11/00
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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.]
NONE
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
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Form 13F Information Table Entry Total: 36
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Form 13F Information Table Value Total: $492,385
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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
<PAGE>
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
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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 19212 378090 SH SOLE 378090
America Online com 02364J104 273 3595 SH SOLE 3595
American Express com 025816109 13415 80690 SH SOLE 80690
American International Group com 026874107 20252 187306 SH SOLE 187306
American Precision com 029069101 666 78300 SH SOLE 78300
Bristol Myers Squibb com 110122108 19357 301563 SH SOLE 301563
Caterpillar com 149123101 624 13260 SH SOLE 13260
Cisco Sys Inc. com 17275R102 562 5245 SH SOLE 5245
Citigroup com 172967101 22084 396575 SH SOLE 396575
Coca-Cola Company com 191216100 15025 257938 SH SOLE 257938
Compaq Computer com 204493100 13582 501884 SH SOLE 501884
Dell Computer Corp. com 247025109 17653 346138 SH SOLE 346138
EMC Corp. Mass com 268648102 25690 235149 SH SOLE 235149
Exxon Mobil Corporation com 30231G102 16420 203815 SH SOLE 203815
Fannie Mae com 313586109 13621 218155 SH SOLE 218155
General Electric com 369604103 29315 189437 SH SOLE 189437
Gillette Inc. com 375766102 434 10533 SH SOLE 10533
Home Depot Inc. com 437076102 21531 313180 SH SOLE 313180
Intel Corp. com 458140100 26542 322454 SH SOLE 322454
International Business Machine com 459200101 838 7767 SH SOLE 7767
Lilly, Eli & Co. com 532457108 13808 207646 SH SOLE 207646
Lucent Technologies com 549463107 19919 265585 SH SOLE 265585
MCI WorldCom Inc. com 55268B106 20081 378443 SH SOLE 378443
Merck and Co. com 589331107 18986 282579 SH SOLE 282579
Merrill-Lynch com 590188108 16830 202015 SH SOLE 202015
Microsoft, Inc. com 594918104 23389 200336 SH SOLE 200336
Motorola com 620076109 328 2227 SH SOLE 2227
Pfizer com 717081103 221 6813 SH SOLE 6813
Procter & Gamble com 742718109 18127 165450 SH SOLE 165450
Schering-Plough com 806605101 10640 251095 SH SOLE 251095
Tellabs, Inc. com 879664100 14476 225520 SH SOLE 225520
United Technologies com 913017109 17522 269577 SH SOLE 269577
Wal-Mart Stores com 931142103 22233 321631 SH SOLE 321631
Walt Disney Co. com 254687106 15879 542876 SH SOLE 542876
First Mutual Fund 892880105 2590 132687.3189 SH SOLE 132687.3189
DuPont E.I. 263534109 260 3940 SH SOLE 3940
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