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, 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: Elias Asset Management
Address: 500 Essjay Rd. Suite 220
Williamsville, NY 14221
--------------------------
Form 13F File Number: 28-04969
--------
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
Title: Portfolio Manager
Phone: 716-633-3800
Signature, Place, and Date of Signing:
/S/ Williamsville, NY 11/13/00
--------------------- ----------------- --------
[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
28- 04969 - [Repeat as necessary.]
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
--------------
Form 13F Information Table Entry Total: 90
--------------
Form 13F Information Table Value Total: $508532
--------------
(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.]
No. Form 13F File Number Name
____ 28-_____________________ __________________________
[Repeat as necessary.]
<PAGE>
<TABLE>
<CAPTION>
Elias Asset Management
FORM 13F
September 30, 2000
Voting Authority
--------------------------
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>
AT & T COM 001957109 495 16851 SH Sole 16851
Agilent Technologies COM 00846U101 19327 394928 SH Sole 394928
America Online COM 02364J104 13576 252575 SH Sole 252575
American Express COM 025816109 15565 256215 SH Sole 256215
American International Group COM 026874107 24931 260542 SH Sole 260542
Automatic Data Processing COM 053015103 17785 265940 SH Sole 265940
Bankamerica Corp. COM 060505104 13860 264623 SH Sole 264623
Bristol Myers Squibb COM 110122108 1097 19200 SH Sole 19200
Chase Manhattan Bank COM 16161A108 12285 265974 SH Sole 265974
Cisco Sys Inc. COM 17275R102 8949 161976 SH Sole 161976
Citigroup COM 172967101 25060 463539 SH Sole 463539
Clear Channel Communications COM 184502102 11973 211905 SH Sole 211905
Coca-Cola Company COM 191216100 14614 265107 SH Sole 265107
Compaq Computer COM 204493100 703 25500 SH Sole 25500
Dell Computer Corp. COM 247025109 11616 377000 SH Sole 377000
EMC Corp. Mass COM 268648102 31472 317503 SH Sole 317503
Emerson Electric COM 291011104 13869 206995 SH Sole 206995
Exxon Mobil Corporation COM 30231G102 16589 186130 SH Sole 186130
Fannie Mae COM 313586109 16551 231481 SH Sole 231481
General Electric COM 369604103 26730 463363 SH Sole 463363
Home Depot Inc. COM 437076102 13959 263072 SH Sole 263072
Intel Corp. COM 458140100 15288 367831 SH Sole 367831
International Business Machine COM 459200101 12877 114462 SH Sole 114462
Lilly, Eli & Co. COM 532457108 16562 204156 SH Sole 204156
Lucent Technologies COM 549463107 558 18266 SH Sole 18266
Merck and Co. COM 589331107 21535 289299 SH Sole 289299
Microsoft, Inc. COM 594918104 13198 218830 SH Sole 218830
Motorola COM 620076109 11466 405871 SH Sole 405871
Pfizer COM 717081103 307 6833 SH Sole 6833
Schering-Plough COM 806605101 577 12400 SH Sole 12400
Sun Microsystems Inc. COM 866810104 215 1839 SH Sole 1839
Texas Instruments COM 882508104 10917 231345 SH Sole 231345
United Technologies COM 913017109 18448 266403 SH Sole 266403
Wal-Mart Stores COM 931142103 11343 235705 SH Sole 235705
Walt Disney Co. COM 254687106 14935 390446 SH Sole 390446
WorldCom Inc. COM 98157D106 13043 429404 SH Sole 429404
Brandywine Fund 10532D107 278 6012.7380SH Sole 6012.7380
Capital Exchange Fund 277919205 511 845.1270 SH Sole 845.1270
First Mutual Fund 892880105 2355 123810.1858SH Sole 123810.1858
America Online COM 212 3950 SH Sole 3950
American Express COM 537 8843 SH Sole 8843
American Home Products COM 1138 20120 SH Sole 20120
American International Group COM 344 3594 SH Sole 3594
Amgen COM 031162100 3616 51790 SH Sole 51790
BP Amoco PLC-Spons ADR COM 055622104 456 8596 SH Sole 8596
BSB Bancorp Inc. COM 055652101 204 9103 SH Sole 9103
Bank of New York COM 064057102 269 4800 SH Sole 4800
Bankamerica Corp. COM 208 3962 SH Sole 3962
BellSouth Corp COM 226 5612 SH Sole 5612
Bestfoods COM 08658U101 720 9900 SH Sole 9900
Bristol Myers Squibb COM 1355 23725 SH Sole 23725
Century Business Services COM 156490104 13 10000 SH Sole 10000
Chevron Corp. COM 166751107 366 4290 SH Sole 4290
Citigroup COM 384 7099 SH Sole 7099
Coca-Cola COM 207 3760 SH Sole 3760
Colgate - Palmolive COM 194162103 396 8400 SH Sole 8400
Colonial Bancgroup COM 195493309 124 12000 SH Sole 12000
Computer Task Group COM 205477102 441 141150 SH Sole 141150
Corning Inc. COM 219350105 802 2700 SH Sole 2700
Dell Computer Corp. COM 331 10750 SH Sole 10750
DuPont E.I. COM 346 8356 SH Sole 8356
EMC Corp/Mass COM 634 6400 SH Sole 6400
Exxon Mobil Corporation COM 30231G102 3720 41744 SH Sole 41744
Fannie Mae COM 454 6350 SH Sole 6350
General Electric COM 369604103 5994 103900 SH Sole 103900
Gillette Inc. COM 375766102 932 30184 SH Sole 30184
Home Depot COM 314 5925 SH Sole 5925
Intel Corp. COM 624 15020 SH Sole 15020
International Business Machine COM 685 6088 SH Sole 6088
Jefferson Pilot Corp. COM 475070108 206 3037 SH Sole 3037
Lilly, Eli & Co. COM 300 3700 SH Sole 3700
Lucent Technologies COM 254 8304 SH Sole 8304
Merck and Co. COM 1437 19300 SH Sole 19300
Microsoft, Inc. COM 594918104 442 7332 SH Sole 7332
Motorola COM 333 11800 SH Sole 11800
Pfizer COM 357 7937 SH Sole 7937
Rand Capital Corp. COM 752185108 29 10000 SH Sole 10000
SBC Communications COM 440 8809 SH Sole 8809
Safari Assoc. COM 786363101 9 26500 SH Sole 26500
Siebel Systems Inc. COM 312 2800 SH Sole 2800
Smithkline Beecham PLC Adr Rep COM 832378301 220 3200 SH Sole 3200
Texaco Corp COM 881694103 241 4600 SH Sole 4600
Trustco Bank Corp. COM 898349105 312 25320 SH Sole 25320
Union Pacific COM 907818108 212 5460 SH Sole 5460
United Technologies COM 514 7425 SH Sole 7425
Verizon Communications COM 92343V104 228 4710 SH Sole 4710
WM Wrigley Jr. Co. COM 982526105 225 3000 SH Sole 3000
Wal-Mart Stores COM 205 4250 SH Sole 4250
Walgreen and Co. COM 931422109 303 8000 SH Sole 8000
Walt Disney Co. COM 481 12570 SH Sole 12570
REPORT SUMMARY 90 DATA RECORDS 508532 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
