JOHNSTON REID & MITCHELL INC
13F-HR, 1999-07-19
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<PAGE>   1
                                  UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 13F

                               FORM 13F COVER PAGE

Report for the Quarter Ended: June 30, 1999

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:              Johnston, Reid & Mitchell, Inc.
Address:           P O Box 6549
                   Portsmouth, NH  03802

13F File Number:

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:            William Seabury Reid
Title:               Treasurer
Phone:            603-433-3003
Signature, Place, and Date of Signing:

       William Seabury Reid    Portsmouth, NH    July 15,1999

Report Type  (Check only one. ):

[ X ]              13F  HOLDINGS REPORT.

[   ]              13f  NOTICE.

[   ]              13f  COMBINATION REPORT.

List of Other Managers Reporting for this Manager:

- - none -

I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
<PAGE>   2


                              FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included managers:                 0

Form 13F Information Table Entry Total:            229

Form 13F Information Table Value Total:            $137,428



List of Other Included Managers:

None

<PAGE>   3


                        JOHNSTON, REID & MITCHELL, INC.
                                    FORM 13F
                                 June 30, 1999

<TABLE>
<CAPTION>


                                                                     Value            Shares/      Sh/
  Name of Issuer                Title of class        CUSIP          (x$1000)         Prn Amt      Prn
  ----------------------------  ----------------      ---------      --------         -------      ---
<S>                             <C>                   <C>            <C>              <C>          <C>
D Abbott Labs                   COM                   002824100          1247           27472      SH
D Abbott Labs                   COM                   002824100           740           16298      SH
D Air Products                  COM                   009158106           310            7700      SH
D Air Products                  COM                   009158106           290            7200      SH
D Allstate Corp                 COM                   020002101           196            5460      SH
D Allstate Corp                 COM                   020002101            45            1256      SH
D Amer.Int'l.Group              COM                   026874107          1747           14902      SH
D Amer.Int'l.Group              COM                   026874107            20             171      SH
D American Express              COM                   025816109           539            4144      SH
D American Express              COM                   025816109           286            2200      SH
D American Home Prod.           COM                   026609107          1085           18904      SH
D American Home Prods           COM                   026609107          1702           29664      SH
D American Intl Grp             COM                   026874107           365            3111      SH
D American Intl Grp             COM                   026874107           178            1519      SH
D American Tel.&Tel.            COM                   001957109           412            7390      SH
D American Tel.&Tel.            COM                   001957109            25             450      SH
D Ameritech                     COM                   030954101           270            3672      SH
D Amgen                         COM                   031162100           426            7000      SH
D Amgen                         COM                   031162100           170            2800      SH
D Anheuser-Busch                COM                   035229103           142            2000      SH
D Anheuser-Busch                COM                   035229103           135            1900      SH
D Applied Materials             COM                   038222105           318            4300      SH
D Applied Materials             COM                   038222105           340            4600      SH
D At Home Corp Ser A            COM                   045919107           237            4400      SH
D Atlantic Richfield            COM                   048825103           295            3534      SH
D Atlantic Richfield            COM                   048825103           435            5200      SH
D Auto Data Processing          COM                   053015103          1127           25600      SH
D Auto Data Processing          COM                   053015103          1082           24600      SH
D Bank of New York              COM                   064057102            88            2400      SH
D Bank of New York              COM                   064057102           587           16000      SH
D BankAmerica                   COM                   060505104          1037           14142      SH
</TABLE>


<TABLE>
<CAPTION>
                                                                  Voting Authority
                                                                  --------------------------
                                Put/      Invstmt
  Name of Issuer                Call      Dscretn    Managers     Sole         Shared         None
  ----------------------------  ----      -------    ----------   --------     --------       --------
<S>                             <C>      <C>         <C>          <C>          <C>            <C>
D Abbott Labs                             Sole                       21872                         5600
D Abbott Labs                             Other                                                   16298
D Air Products                            Sole                                                     7700
D Air Products                            Other                                                    7200
D Allstate Corp                           Sole                                                     5460
D Allstate Corp                           Other                                                    1256
D Amer.Int'l.Group                        Sole                       14902
D Amer.Int'l.Group                        Other                                                     171
D American Express                        Sole                        3350                          794
D American Express                        Other                                                    2200
D American Home Prod.                     Sole                        5100                        13804
D American Home Prods                     Other                                                   29664
D American Intl Grp                       Sole                                                     3111
D American Intl Grp                       Other                                                    1519
D American Tel.&Tel.                      Sole                        7390
D American Tel.&Tel.                      Other                                                     450
D Ameritech                               Sole                        3672
D Amgen                                   Sole                        5000                         2000
D Amgen                                   Other                                                    2800
D Anheuser-Busch                          Sole                                                     2000
D Anheuser-Busch                          Other                                                    1900
D Applied Materials                       Sole                                                     4300
D Applied Materials                       Other                                                    4600
D At Home Corp Ser A                      Sole                        4400
D Atlantic Richfield                      Sole                                                     3534
D Atlantic Richfield                      Other                                                    5200
D Auto Data Processing                    Sole                       22400                         3200
D Auto Data Processing                    Other                                                   24600
D Bank of New York                        Sole                                                     2400
D Bank of New York                        Other                                                   16000
D BankAmerica                             Sole                       14142
</TABLE>



<PAGE>   4




                        JOHNSTON, REID & MITCHELL, INC.
                                    FORM 13F
                                 June 30, 1999

<TABLE>
<CAPTION>


                                                                     Value            Shares/      Sh/
  Name of Issuer                Title of class        CUSIP          (x$1000)         Prn Amt      Prn
  ----------------------------  ----------------      ---------      --------         -------      ---
<S>                             <C>                   <C>            <C>              <C>          <C>
D Becton Dickinson              COM                   075887109           240            8000      SH
D Bell Atlantic                 COM                   077853109           422            6466      SH
D Bell Atlantic                 COM                   077853109           389            5944      SH
D BellSouth Corp                COM                   079860102          1486           32220      SH
D BellSouth Corp                COM                   079860102           747           16200      SH
D Berkshire Hathaway            COM                   084670207            69              31      SH
D Berkshire Hathaway            COM                   084670207           271             121      SH
D Blyth Indust.                 COM                   09643P108          1044           30700      SH
D Boeing                        COM                   097023105           201            4574      SH
D Boeing                        COM                   097023105            40             900      SH
D BP Amoco                      COM                   055622104          1831           16878      SH
D BP Amoco                      COM                   055622104           680            6268      SH
D Bristol-Myers Squibb          COM                   110122108           511            7248      SH
D Bristol-Myers Squibb          COM                   110122108           909           12900      SH
D Burlington Resources          COM                   122014103           173            4000      SH
D Burlington Resources          COM                   122014103           184            4248      SH
D Cardinal Health               COM                   14149Y108          2924           45600      SH
D Cardinal Health               COM                   14149Y108            74            1162      SH
D Chevron Corp                  COM                   166751107           251            2636      SH
D Cigna Corp                    COM                   125509109           438            4926      SH
D Cincinnati Bell               COM                   171870108           429           17200      SH
D Cincinnati Bell               COM                   171870108           165            6600      SH
D Cintas Corp.                  COM                   172908105          1626           24200      SH
D Cisco Systems Inc             COM                   17275R102           222            3450      SH
D Cisco Systems Inc             COM                   17275R102           116            1800      SH
D Citigroup                     COM                   172967101           132            2778      SH
D Citigroup                     COM                   172967101           826           17391      SH
D Coca Cola                     COM                   191216100          1490           24036      SH
D Coca Cola                     COM                   191216100          1036           16716      SH
D Cognex, Inc.                  COM                   192422103           615           19500      SH
D Compaq Computer Corp          COM                   204493100            99            4200      SH
</TABLE>


<TABLE>
<CAPTION>
                                                                  Voting Authority
                                                                  --------------------------
                                Put/      Invstmt
  Name of Issuer                Call      Dscretn    Managers     Sole         Shared         None
  ----------------------------  ----      -------    ----------   --------     --------       --------
<S>                             <C>      <C>         <C>          <C>          <C>            <C>
D Becton Dickinson                        Sole                        8000
D Bell Atlantic                           Sole                        5252                         1214
D Bell Atlantic                           Other                                                    5944
D BellSouth Corp                          Sole                       25920                         6300
D BellSouth Corp                          Other                                                   16200
D Berkshire Hathaway                      Sole                                                       31
D Berkshire Hathaway                      Other                                                     121
D Blyth Indust.                           Sole                       30700
D Boeing                                  Sole                                                     4574
D Boeing                                  Other                                                     900
D BP Amoco                                Sole                       10045                         6833
D BP Amoco                                Other                                                    6268
D Bristol-Myers Squibb                    Sole                                                     7248
D Bristol-Myers Squibb                    Other                                                   12900
D Burlington Resources                    Sole                                                     4000
D Burlington Resources                    Other                                                    4248
D Cardinal Health                         Sole                       41850                         3750
D Cardinal Health                         Other                                                    1162
D Chevron Corp                            Other                                                    2636
D Cigna Corp                              Other                                                    4926
D Cincinnati Bell                         Sole                                                    17200
D Cincinnati Bell                         Other                                                    6600
D Cintas Corp.                            Sole                       24000                          200
D Cisco Systems Inc                       Sole                                                     3450
D Cisco Systems Inc                       Other                                                    1800
D Citigroup                               Sole                                                     2778
D Citigroup                               Other                                                   17391
D Coca Cola                               Sole                       19036                         5000
D Coca Cola                               Other                                                   16716
D Cognex, Inc.                            Sole                       19500
D Compaq Computer Corp                    Sole                                                     4200
</TABLE>



<PAGE>   5



                        JOHNSTON, REID & MITCHELL, INC.
                                    FORM 13F
                                 June 30, 1999

<TABLE>
<CAPTION>


                                                                     Value            Shares/      Sh/
  Name of Issuer                Title of class        CUSIP          (x$1000)         Prn Amt      Prn
  ----------------------------  ----------------      ---------      --------         -------      ---
<S>                             <C>                   <C>            <C>              <C>          <C>
D Compaq Computer Corp          COM                   204493100           140            5900      SH
D Computer Sciences             COM                   205363104           277            4000      SH
D Concord EFT Corp.             COM                   206197105          1648           38950      SH
D Convergys Corp                COM                   212485106           940           48500      SH
D Convergys Corp                COM                   212485106            91            4700      SH
D Cox Communications            COM                   224044107           243            6600      SH
D CVS Corp                      COM                   126650100           706           13908      SH
D Dana Corp                     COM                   235811106           373            8100      SH
D DII Group                     COM                   232949107          1041           27900      SH
D Dow Chemical                  COM                   260543103           602            4750      SH
D Dow Chemical                  COM                   260543103           336            2650      SH
D Duke Energy                   COM                   264399106            63            1150      SH
D Duke Energy                   COM                   264399106           273            5024      SH
D E.I.duPont                    COM                   263534109           534            7814      SH
D E.I.duPont                    COM                   263534109            14             200      SH
D Eastman Kodak                 COM                   277461109           865           12765      SH
D EDS Corp                      COM                   285661104           738           13028      SH
D Eli Lilly                     COM                   632457108           600            8380      SH
D EMC Corp                      COM                   268648102           154            2800      SH
D EMC Corp                      COM                   268648102           138            2500      SH
D Emerson Electric              COM                   291011104           459            7300      SH
D Emerson Electric              COM                   291011104           277            4400      SH
D Enron                         COM                   293561106           109            1333      SH
D Enron                         COM                   293561106            98            1200      SH
D Exxon                         COM                   302290101          2361           30608      SH
D Exxon                         COM                   302290101          1848           23960      SH
D First Australia Prime         COM                   318653102            13            1967      SH
D First Health Group            COM                   320960107           819           38000      SH
D Ford Motor Co                 COM                   345370100           152            2700      SH
D Ford Motor Co                 COM                   345370100           178            3150      SH
D FPL Group                     COM                   203571104           302            5520      SH
</TABLE>


<TABLE>
<CAPTION>
                                                                  Voting Authority
                                                                  --------------------------
                                Put/      Invstmt
  Name of Issuer                Call      Dscretn    Managers     Sole         Shared         None
  ----------------------------  ----      -------    ----------   --------     --------       --------
<S>                             <C>      <C>         <C>          <C>          <C>            <C>
D Compaq Computer Corp                    Other                                                    5900
D Computer Sciences                       Sole                        4000
D Concord EFT Corp.                       Sole                       38750                          200
D Convergys Corp                          Sole                       35200                        13300
D Convergys Corp                          Other                                                    4700
D Cox Communications                      Sole                        6600
D CVS Corp                                Sole                       13908
D Dana Corp                               Sole                        8100
D DII Group                               Sole                       27900
D Dow Chemical                            Sole                        4000                          750
D Dow Chemical                            Other                                                    2650
D Duke Energy                             Sole                                                     1150
D Duke Energy                             Other                                                    5024
D E.I.duPont                              Sole                        7514                          300
D E.I.duPont                              Other                                                     200
D Eastman Kodak                           Sole                       12615                          150
D EDS Corp                                Sole                       13028
D Eli Lilly                               Other                                                    8380
D EMC Corp                                Sole                                                     2800
D EMC Corp                                Other                                                    2500
D Emerson Electric                        Sole                                                     7300
D Emerson Electric                        Other                                                    4400
D Enron                                   Sole                                                     1333
D Enron                                   Other                                                    1200
D Exxon                                   Sole                       23712                         6896
D Exxon                                   Other                                                   23960
D First Australia Prime                   Other                                                    1967
D First Health Group                      Sole                       38000
D Ford Motor Co                           Sole                                                     2700
D Ford Motor Co                           Other                                                    3150
D FPL Group                               Sole                        5520
</TABLE>


<PAGE>   6

                        JOHNSTON, REID & MITCHELL, INC.
                                    FORM 13F
                                 June 30, 1999

<TABLE>
<CAPTION>


                                                                         Value            Shares/      Sh/
  Name of Issuer                    Title of class        CUSIP          (x$1000)         Prn Amt      Prn
  ----------------------------      ----------------      ---------      --------         -------      ---
<S>                                 <C>                   <C>            <C>              <C>          <C>
D Freddie Mac                       COM                   313400301          2612           45040      SH
D Freddie Mac                       COM                   313400301            46             800      SH
D Friedman, Billings, Ramsey & C    COM                   358433100           119           10000      SH
D Frontier Corp                     COM                   35906p105          2457           41900      SH
D Frontier Corp                     COM                   35906p105           678           11550      SH
D Gap Inc                           COM                   364760108           533           10575      SH
D Gap Inc                           COM                   364760108           181            3600      SH
D General Electric                  COM                   369604103          2223           19674      SH
D General Electric                  COM                   369604103          3582           31701      SH
D Georgia Pacific                   COM                   373298108           209            4404      SH
D Georgia Pacific                   COM                   373298108            62            1300      SH
D GP Timber Co                      COM                   373298702           135            5352      SH
D GP Timber Co                      COM                   373298702            96            3803      SH
D Grainger (WW)                     COM                   384802104          1146           21300      SH
D GTE Corp                          COM                   362320103            60             800      SH
D GTE Corp                          COM                   362320103           204            2703      SH
D Halliburton Co                    COM                   406216101          1699           37550      SH
D Halliburton Co                    COM                   406216101           317            7000      SH
D Hannaford Bros                    COM                   410550107          1255           23450      SH
D Helmerich & Payne                 COM                   423452101          1274           53900      SH
D Helmerich & Payne                 COM                   423452101           114            4850      SH
D Henry Schein                      COM                   806407102           472           14900      SH
D Hewlett Packard                   COM                   428236103          2162           21515      SH
D Hewlett-Packard                   COM                   428236103           834            8300      SH
D IBM                               COM                   459200101           352            2724      SH
D IBM                               COM                   459200101           398            3080      SH
D Intel Corp                        COM                   458140100          2445           41100      SH
D Intel Corp                        COM                   458140100           643           10800      SH
D Int'l Business Mach.              COM                   459200101          1543           11936      SH
D IRT Property Co.                  COM                   450058102           233           23631      SH
D IRT Property Co.                  COM                   450058102            10            1000      SH
</TABLE>


<TABLE>
<CAPTION>
                                                                      Voting Authority
                                                                      --------------------------
                                    Put/      Invstmt
  Name of Issuer                    Call      Dscretn    Managers     Sole         Shared         None
  ----------------------------      ----      -------    ----------   --------     --------       --------
<S>                                 <C>      <C>         <C>          <C>          <C>            <C>
D Freddie Mac                                 Sole                       44640                          400
D Freddie Mac                                 Other                                                     800
D Friedman, Billings, Ramsey & C              Sole                       10000
D Frontier Corp                               Sole                       31600                        10300
D Frontier Corp                               Other                                                   11550
D Gap Inc                                     Sole                                                    10575
D Gap Inc                                     Other                                                    3600
D General Electric                            Sole                        3940                        15734
D General Electric                            Other                                                   31701
D Georgia Pacific                             Sole                                                     4404
D Georgia Pacific                             Other                                                    1300
D GP Timber Co                                Sole                                                     5352
D GP Timber Co                                Other                                                    3803
D Grainger (WW)                               Sole                       21300
D GTE Corp                                    Sole                                                      800
D GTE Corp                                    Other                                                    2703
D Halliburton Co                              Sole                       28500                         9050
D Halliburton Co                              Other                                                    7000
D Hannaford Bros                              Sole                       23000                          450
D Helmerich & Payne                           Sole                       44800                         9100
D Helmerich & Payne                           Other                                                    4850
D Henry Schein                                Sole                       14900
D Hewlett Packard                             Sole                       11650                         9865
D Hewlett-Packard                             Other                                                    8300
D IBM                                         Sole                                                     2724
D IBM                                         Other                                                    3080
D Intel Corp                                  Sole                       33300                         7800
D Intel Corp                                  Other                                                   10800
D Int'l Business Mach.                        Sole                       11636                          300
D IRT Property Co.                            Sole                       22731                          900
D IRT Property Co.                            Other                                                    1000
</TABLE>

<PAGE>   7


                        JOHNSTON, REID & MITCHELL, INC.
                                    FORM 13F
                                 June 30, 1999

<TABLE>
<CAPTION>


                                                                     Value            Shares/      Sh/
  Name of Issuer                Title of class        CUSIP          (x$1000)         Prn Amt      Prn
  ----------------------------  ----------------      ---------      --------         -------      ---
<S>                             <C>                   <C>            <C>              <C>          <C>
D JLG Industries                COM                   466210101          1229           60300      SH
D Johnson & Johnson             COM                   478160104          1228           12531      SH
D Johnson & Johnson             COM                   478160104          1192           12166      SH
D KFX Inc.                      COM                   48245L107            22           15000      SH
D Kimberly Clark                COM                   494368103           530            9300      SH
D Kimberly Clark                COM                   494368103           205            3600      SH
D Lucent Technologies           COM                   549463107           813           12056      SH
D Lucent Technologies           COM                   549463107           592            8776      SH
D Marriott Intl New             COM                   571900109           547           14626      SH
D McDonalds                     COM                   580135101           214            5200      SH
D MCI Worldcom                  COM                   55268B106           180            2097      SH
D MCI Worldcom                  COM                   55268B106            96            1116      SH
D Medtronic, Inc                COM                   585055106           254            3260      SH
D Mellon Bank Corp              COM                   585509102           584           16056      SH
D Mercantile Bankshare          COM                   587405101           177            5000      SH
D Mercantile Bankshare          COM                   587405101          1281           36200      SH
D Merck                         COM                   589331107          1456           19788      SH
D Merck                         COM                   589331107           675            9174      SH
D Microsoft                     COM                   594918104            45             500      SH
D Microsoft                     COM                   594918104          1037           11500      SH
D Mindspring Enterprises        COM                   602683104           222            5000      SH
D Minnesota Mining              COM                   604059105           289            3326      SH
D Minnesota Mining              COM                   604059105           174            2000      SH
D Mobil Corp                    COM                   607059102          1343           13596      SH
D Mobil Corp                    COM                   607059102           427            4328      SH
D Molex Co. "A"                 COM                   608554200          1516           48125      SH
D Monsanto                      COM                   611662107           593           15000      SH
D Morgan J P                    COM                   616880100          1270            9036      SH
D Morgan J P                    COM                   616880100           105             750      SH
D Morgan Stanley Dean Witter    COM                   617446448            78             764      SH
D Morgan Stanley Dean Witter    COM                   617446448           224            2180      SH
</TABLE>

<TABLE>
<CAPTION>
                                                                  Voting Authority
                                                                  --------------------------
                                Put/      Invstmt
  Name of Issuer                Call      Dscretn    Managers     Sole         Shared         None
  ----------------------------  ----      -------    ----------   --------     --------       --------
<S>                             <C>      <C>         <C>          <C>          <C>            <C>
D JLG Industries                          Sole                       60300
D Johnson & Johnson                       Sole                        3300                         9231
D Johnson & Johnson                       Other                                                   12166
D KFX Inc.                                Sole                       15000
D Kimberly Clark                          Sole                        5000                         4300
D Kimberly Clark                          Other                                                    3600
D Lucent Technologies                     Sole                        8056                         4000
D Lucent Technologies                     Other                                                    8776
D Marriott Intl New                       Other                                                   14626
D McDonalds                               Other                                                    5200
D MCI Worldcom                            Sole                                                     2097
D MCI Worldcom                            Other                                                    1116
D Medtronic, Inc                          Other                                                    3260
D Mellon Bank Corp                        Other                                                   16056
D Mercantile Bankshare                    Sole                        5000
D Mercantile Bankshare                    Other                                                   36200
D Merck                                   Sole                        6784                        13004
D Merck                                   Other                                                    9174
D Microsoft                               Sole                                                      500
D Microsoft                               Other                                                   11500
D Mindspring Enterprises                  Sole                        5000
D Minnesota Mining                        Sole                                                     3326
D Minnesota Mining                        Other                                                    2000
D Mobil Corp                              Sole                       12200                         1396
D Mobil Corp                              Other                                                    4328
D Molex Co. "A"                           Sole                       47825                          300
D Monsanto                                Sole                       15000
D Morgan J P                              Sole                        5600                         3436
D Morgan J P                              Other                                                     750
D Morgan Stanley Dean Witter              Sole                                                      764
D Morgan Stanley Dean Witter              Other                                                    2180
</TABLE>


<PAGE>   8



                        JOHNSTON, REID & MITCHELL, INC.
                                    FORM 13F
                                 June 30, 1999

<TABLE>
<CAPTION>


                                                                     Value            Shares/      Sh/
  Name of Issuer                Title of class        CUSIP          (x$1000)         Prn Amt      Prn
  ----------------------------  ----------------      ---------      --------         -------      ---
<S>                             <C>                   <C>            <C>              <C>          <C>
D Motorola Corp                 COM                   620076109           373            3940      SH
D Motorola Corp                 COM                   620076109           280            2950      SH
D NFO Worldwide                 COM                   62910N108           458           32750      SH
D Noble Affiliates              COM                   654894104           716           25414      SH
D Nordstrom                     COM                   655664100           446           13300      SH
D Norfolk Southern Corp         COM                   655844108           305           10125      SH
D Omnicare, Inc                 COM                   681904108           634           50250      SH
D Paychex Inc.                  COM                   704326107           323           10125      SH
D Peoples Heritage Fnl          COM                   711147108          1604           85280      SH
D Peoples Heritage Fnl          COM                   711147108           286           15200      SH
D Pepsico                       COM                   713448108           636           16450      SH
D Pepsico                       COM                   713448108           768           19860      SH
D Pfizer                        COM                   717081103          2158           19800      SH
D Pfizer                        COM                   717081103          1544           14160      SH
D Pharmacia-Upjohn              COM                   716941109           408            7187      SH
D Pharmacia-Upjohn              COM                   716941109           200            3515      SH
D Procter & Gamble              COM                   742718109           571            6400      SH
D Procter & Gamble              COM                   742718109           176            1970      SH
D PSS Worldwide Med.            COM                   40252G105           491           43900      SH
D Quintiles Transnat.           COM                   748767100           638           15200      SH
D Reader's Digest               COM                   755267101           729           18350      SH
D Reliastar Financial           COM                   75952U103           656           15000      SH
D Reuters Group ADR             COM                   761324201           288            3552      SH
D Reuters Group ADR             COM                   761324201           158            1947      SH
D Royal Dutch Petrol            COM                   780257804           904           15000      SH
D Royal Dutch Petrol            COM                   780257804           195            3240      SH
D Sara Lee Corp                 COM                   803111103           250           11000      SH
D Sara Lee Corp                 COM                   803111103           245           10806      SH
D Saul Centers                  COM                   804395101           289           17500      SH
D Saul Centers                  COM                   804395101            13             800      SH
D SBC Communications            COM                   845333103           316            5442      SH
</TABLE>

<TABLE>
<CAPTION>
                                                                  Voting Authority
                                                                  --------------------------
                                Put/      Invstmt
  Name of Issuer                Call      Dscretn    Managers     Sole         Shared         None
  ----------------------------  ----      -------    ----------   --------     --------       --------
<S>                             <C>      <C>         <C>          <C>          <C>            <C>
D Motorola Corp                           Sole                                                     3940
D Motorola Corp                           Other                                                    2950
D NFO Worldwide                           Sole                       32750
D Noble Affiliates                        Sole                       25214                          200
D Nordstrom                               Sole                       13100                          200
D Norfolk Southern Corp                   Other                                                   10125
D Omnicare, Inc                           Sole                       49950                          300
D Paychex Inc.                            Sole                       10125
D Peoples Heritage Fnl                    Sole                       68380                        16900
D Peoples Heritage Fnl                    Other                                                   15200
D Pepsico                                 Sole                                                    16450
D Pepsico                                 Other                                                   19860
D Pfizer                                  Sole                       10400                         9400
D Pfizer                                  Other                                                   14160
D Pharmacia-Upjohn                        Sole                                                     7187
D Pharmacia-Upjohn                        Other                                                    3515
D Procter & Gamble                        Sole                        2600                         3800
D Procter & Gamble                        Other                                                    1970
D PSS Worldwide Med.                      Sole                       43900
D Quintiles Transnat.                     Sole                       15200
D Reader's Digest                         Sole                       18200                          150
D Reliastar Financial                     Sole                       15000
D Reuters Group ADR                       Sole                                                     3552
D Reuters Group ADR                       Other                                                    1947
D Royal Dutch Petrol                      Sole                        8400                         6600
D Royal Dutch Petrol                      Other                                                    3240
D Sara Lee Corp                           Sole                                                    11000
D Sara Lee Corp                           Other                                                   10806
D Saul Centers                            Sole                       16000                         1500
D Saul Centers                            Other                                                     800
D SBC Communications                      Sole                        5442
</TABLE>


<PAGE>   9



                        JOHNSTON, REID & MITCHELL, INC.
                                    FORM 13F
                                 June 30, 1999

<TABLE>
<CAPTION>


                                                                     Value            Shares/      Sh/
  Name of Issuer                Title of class        CUSIP          (x$1000)         Prn Amt      Prn
  ----------------------------  ----------------      ---------      --------         -------      ---
<S>                             <C>                   <C>            <C>              <C>          <C>
D SBC Communications            COM                   845333103           560            9662      SH
D Schering-Plough               COM                   806605101           992           18900      SH
D Schering-Plough               COM                   806605101           558           10633      SH
D Schlumberger                  COM                   806857108           377            5920      SH
D Schlumberger                  COM                   806857108           388            6100      SH
D Sealed Air                    COM                   81211K100           577            8900      SH
D Servicemaster Co              COM                   81760N109           569           30335      SH
D Servicemaster Co              COM                   81760N109            28            1518      SH
D Sigma-Aldrich                 COM                   826552101          1092           31700      SH
D Sigma-Aldrich                 COM                   826552101             7             200      SH
D Solectron Corp                COM                   834182107          3088           46300      SH
D Solectron Corp                COM                   834182107           107            1600      SH
D Spieker Properties            COM                   848497103           241            6200      SH
D Sprint Corp                   COM                   852061100          1765           33300      SH
D Sprint Corp                   COM                   852061100            21             400      SH
D Sun Microsystems Inc          COM                   866810104           372            5400      SH
D Sun Microsystems Inc          COM                   866810104           152            2200      SH
D Sundstrand Corp               COM                   867323107          1725           23256      SH
D Sysco                         COM                   871829107           477           16000      SH
D Teligent, Inc.                COM                   87959Y103           187            3120      SH
D Thomas & Betts                COM                   884315102            76            1600      SH
D Thomas & Betts                COM                   884315102           194            4100      SH
D Titan Corp.                   COM                   888266103           110           10000      SH
D Tribune Co                    COM                   896047107          1525           17500      SH
D Tyco International            COM                   902124106           450            4751      SH
D Tyco International            COM                   902124106           224            2363      SH
D U S Bancorp                   COM                   902973106           328            9813      SH
D U S Bancorp                   COM                   902973106           222            6661      SH
D Unum Corp                     COM                   903192102           233            4250      SH
D Unum Corp                     COM                   903192102           134            2450      SH
D USX-Marathon Group            COM                   902905827            85            2600      SH
</TABLE>


<TABLE>
<CAPTION>
                                                                  Voting Authority
                                                                  --------------------------
                                Put/      Invstmt
  Name of Issuer                Call      Dscretn    Managers     Sole         Shared         None
  ----------------------------  ----      -------    ----------   --------     --------       --------
<S>                             <C>      <C>         <C>          <C>          <C>            <C>
D SBC Communications                      Other                                                    9662
D Schering-Plough                         Sole                                                    18900
D Schering-Plough                         Other                                                   10633
D Schlumberger                            Sole                                                     5920
D Schlumberger                            Other                                                    6100
D Sealed Air                              Sole                        8900
D Servicemaster Co                        Sole                       28297                         2038
D Servicemaster Co                        Other                                                    1518
D Sigma-Aldrich                           Sole                       31300                          400
D Sigma-Aldrich                           Other                                                     200
D Solectron Corp                          Sole                       41700                         4600
D Solectron Corp                          Other                                                    1600
D Spieker Properties                      Sole                        6000                          200
D Sprint Corp                             Sole                       33000                          300
D Sprint Corp                             Other                                                     400
D Sun Microsystems Inc                    Sole                                                     5400
D Sun Microsystems Inc                    Other                                                    2200
D Sundstrand Corp                         Sole                       23256
D Sysco                                   Sole                       16000
D Teligent, Inc.                          Sole                        3120
D Thomas & Betts                          Sole                                                     1600
D Thomas & Betts                          Other                                                    4100
D Titan Corp.                             Sole                       10000
D Tribune Co                              Sole                       17500
D Tyco International                      Sole                        2595                         2156
D Tyco International                      Other                                                    2363
D U S Bancorp                             Sole                                                     9813
D U S Bancorp                             Other                                                    6661
D Unum Corp                               Sole                                                     4250
D Unum Corp                               Other                                                    2450
D USX-Marathon Group                      Sole                                                     2600
</TABLE>



<PAGE>   10



                        JOHNSTON, REID & MITCHELL, INC.
                                    FORM 13F
                                 June 30, 1999

<TABLE>
<CAPTION>


                                                                     Value            Shares/      Sh/
  Name of Issuer                Title of class        CUSIP          (x$1000)         Prn Amt      Prn
  ----------------------------  ----------------      ---------      --------         -------      ---
<S>                             <C>                   <C>            <C>              <C>          <C>
D USX-Marathon Group            COM                   902905827           173            5300      SH
D Walgreen Co                   COM                   931422109          2582           87900      SH
D Walt Disney Co                COM                   254687106           487           15800      SH
D Walt Disney Co                COM                   254687106           160            5200      SH
D Warner Lambert                COM                   934488107            72            1045      SH
D Warner Lambert                COM                   934488107           363            5250      SH
D Washington R.E.I.T.           COM                   939653101           515           30400      SH
D Washington R.E.I.T.           COM                   939653101            21            1250      SH
D Wells Fargo                   COM                   949746101           115            2700      SH
D Wells Fargo                   COM                   949746101           199            4660      SH
D Wm. Wrigley Jr Co             COM                   982526105           103            1150      SH
D Wm. Wrigley Jr Co             COM                   982526105           116            1300      SH

</TABLE>



<TABLE>
<CAPTION>
                                                                  Voting Authority
                                                                  --------------------------
                                Put/      Invstmt
  Name of Issuer                Call      Dscretn    Managers     Sole         Shared         None
  ----------------------------  ----      -------    ----------   --------     --------       --------
<S>                             <C>      <C>         <C>          <C>          <C>            <C>
D USX-Marathon Group                      Other                                                    5300
D Walgreen Co                             Sole                       86900                         1000
D Walt Disney Co                          Sole                                                    15800
D Walt Disney Co                          Other                                                    5200
D Warner Lambert                          Sole                                                     1045
D Warner Lambert                          Other                                                    5250
D Washington R.E.I.T.                     Sole                       29600                          800
D Washington R.E.I.T.                     Other                                                    1250
D Wells Fargo                             Sole                                                     2700
D Wells Fargo                             Other                                                    4660
D Wm. Wrigley Jr Co                       Sole                                                     1150
D Wm. Wrigley Jr Co                       Other                                                    1300

S REPORT SUMMARY 229 DATA RECORDS    137428       0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>








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