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, 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: Liberty Mutual Insurance Company
Address: 175 Berkeley Street
Boston, Massachusetts 02117
Form 13F File Number: 28-33
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: Kenneth J. Kozanda
Title: Attorney in Fact
Phone: (312) 368-7851
Signature, Place, and Date of Signing:
/s/ Kenneth J. Kozanda Chicago, Illinois August 12, 1999
Report Type (Check only one.):
[XX] 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).)
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 226
Form 13F Information Table Value Total: $767,874
(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
<CAPTION>
Column 1 Column 2 Column 3 Column 4 Column 5 Colummn 6 Column 7 Column 8
Name of Issuer Title CUSIP Fair Market Shares or Investment Other Voting Authority
of Class Number Value Principal Discretion Managers (a) (b) (c)
(+000) Amount Sole Shared None
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AT&T CORP Common 001957109 167 3,000 Sole 3,000
A C NIELSEN CORP. Common 004833109 2,475 81,811 Sole 81,811
ABBOT LABS Common 002824100 200 4,400 Sole 4,400
ADAPTEC INC Common 00651F108 67 1,900 Sole 1,900
AEGON NV Amer Reg Sh 007924202 1,982 26,808 Defined 26,808
AIR PRODS & CHEMS INC Common 009158106 28,052 696,946 Sole 696,946
ALCOA INC Common 013817101 416 6,722 Sole 6,722
ALLERGAN INC Common 018490102 117 1,050 Sole 1,050
ALLSTATE CORP. Common 020002101 90 2,500 Sole 2,500
ALLTEL CORP Common 020039103 250 3,500 Sole 3,500
AMERICAN HOME PRODS Common 026609107 367 6,400 Sole 6,400
AMGEN INC Common 031162100 183 3,000 Sole 3,000
ANADARKO PETE CORP. Common 032511107 184 5,000 Sole 5,000
ARCHER DANIELS MIDLAND CO Common 039483102 30 1,937 Sole 1,937
ASTRAZENECA Spn ADR 046353108 57 1,463 Sole 1,463
ATLANTIC RICHFIELD CO Common 048825103 1,554 18,600 Sole 18,600
AUTOMATIC DATA PROCESSING INC Common 053015103 23,730 539,324 Sole 539,324
BANCO SANTANDER CEN Spn ADR 05964H105 1,178 111,500 Defined 111,500
BANK OF AMERICA CORP Common 060505104 238 3,253 Sole 3,253
BANK ONE CORPORATION Common 06423A103 147 2,460 Sole 2,460
BAXTER INTL INC Common 071813109 218 3,600 Sole 3,600
BELLSOUTH CORP Common 079860102 277 6,000 Sole 6,000
BOEING CO Common 097023105 35 800 Sole 800
BRISTOL-MYERS SQUIBB CO. Common 110122108 775 11,000 Sole 11,000
BRITISH TELECOM Spn ADR 111021408 1,516 8,850 Defined 8,850
BURLINGTON NORTHERN SANTA FE Common 12189T104 253 8,150 Sole 8,150
CABOT CORP Common 127055101 181 7,500 Sole 7,500
CARNIVAL CORP Class A 143658102 267 5,500 Sole 5,500
CASE CORP Common 14743R103 48 1,000 Sole 1,000
CATERPILLAR INC CO Common 149123101 60 1,000 Sole 1,000
CBS Common 12490K107 196 4,500 Sole 4,500
CEMIG CIA ENERG MG Spn ADR 204409601 96 4,600 Defined 4,600
CENTURYTEL, INC Common 156700106 573 14,400 Sole 14,400
CHASE MANHATTAN CORP Common 16161A108 631 7,300 Sole 7,300
CHEVRON CORPORATION Common 166751107 221 2,325 Sole 2,325
CHILECTRA S A Spn ADR 168884104 93 4,400 Defined 4,400
CIA TELECOM CHILE Spn ADR 204449300 64 10,400 Defined 10,400
CINTAS CORP. Common 172908105 202 3,000 Sole 3,000
CISCO SYS INC Common 17275R102 772 12,000 Sole 12,000
CITIGROUP INC. Common 172967101 321 6,750 Sole 6,750
CLEAR CHANNEL COMMUNICATIONS Common 184502102 138 2,000 Sole 2,000
COLUMBIA/HCA HEALTHCARE CORP Common 197677107 30 1,300 Sole 1,300
COMCAST CORP Common 200300200 154 4,000 Sole 4,000
COMPUTER ASSOC INTL INC Common 204912109 38 700 Sole 700
COMPUTER SCIENCES CORP Common 205363104 138 2,000 Sole 2,000
CONAGRA INC Common 205887102 170 6,400 Sole 6,400
COOPER TIRE & RUBR CO Common 216831107 40 1,700 Sole 1,700
COUNTRYWIDE CR INDS INC Common 222372104 274 6,400 Sole 6,400
CRESTLINE CAPITAL CORP. Common 226153104 38 2,246 Sole 2,246
DARDEN RESTAURANTS INC. Common 237194105 10,775 494,001 Sole 494,001
DELUXE CORP Common 248019101 5,529 142,467 Sole 142,467
DEVRY INC. Common 251893103 291 13,000 Sole 13,000
DIAMOND OFFSHORE DRILLING INC Common 25271C102 96 3,400 Sole 3,400
DONALDSON INC Common 257651109 196 8,000 Sole 8,000
DORCHESTER HUGOTON Common 258205202 114 10,000 Defined 10,000
DOVER CORP Common 260003108 39 1,100 Sole 1,100
DU PONT E I DE NEMOURS & CO Common 263534109 123 1,800 Sole 1,800
DUKE ENERGY CORP Common 264399106 196 3,595 Sole 3,595
DUN & BRADSTREET CORP. Common 26483B106 8,697 245,433 Sole 245,433
EL PASO ELEC CO Common 283677854 254 28,404 Sole 28,404
EL PASO ENERGY CORP Common 283905107 113 3,200 Sole 3,200
ELECTRONIC DATA SYS Common 285661104 51 900 Sole 900
EMC CORP Common 268648102 440 8,000 Sole 8,000
EMERSON ELECTRIC CO Common 291011104 1,915 30,428 Sole 30,428
ENDESA S A Spn ADR 29258N107 1,245 58,571 Defined 58,571
ENRON CORP Common 293561106 155 1,900 Sole 1,900
ENTERGY CORP Common 29364G103 50 1,600 Sole 1,600
EQUANT NV NY Reg Sh 294409107 964 10,200 Defined 10,200
ERICSSON LM Spn ADR 294821400 1,015 30,816 Defined 30,816
ESAT TELECOM GROUP PLC Spn ADR 26883Y102 359 8,171 Sole 8,171
EXXON CORP Common 302290101 3,777 48,976 Sole 48,976
FEDERAL NATL MTG ASSN Common 313586109 48 700 Sole 700
FELCOR LODGING TR INC Common 31430F101 71 3,400 Sole 3,400
FIFTH THIRD BANCORP. Common 316773100 200 3,000 Sole 3,000
FIRST AMER CORP TENN Common 318900107 179 4,300 Sole 4,300
FIRST DATA CORP. Common 319963104 64 1,300 Sole 1,300
FIRST UN CORP Common 337358105 132 2,800 Sole 2,800
FISERV INCORP Common 337738108 211 6,750 Sole 6,750
FLEET FINANCIAL GROUP INC. Common 338915101 182 4,100 Sole 4,100
FOMENTO ECONOMICO MEX Spn ADR 344419106 108 2,700 Defined 2,700
FORD MTR CO Common 345370100 181 3,200 Sole 3,200
FORTUNE BRANDS INC Common 349631101 153 3,700 Sole 3,700
GANNETT CO INC Common 364730101 10,090 141,370 Sole 141,370
GC COS INC Common 36155Q109 72 2,000 Sole 2,000
GENERAL ELEC CO Common 369604103 94,607 837,232 Sole 837,232
GENERAL MILLS INC Common 370334104 38,508 479,101 Sole 479,101
GOLDMAN SACHS GROUP Common 38141G104 130 1,800 Sole 1,800
GOODYEAR TIRE & RUBR CO Common 382550101 118 2,000 Sole 2,000
GPU INC Common 36225X100 211 5,000 Sole 5,000
GRAINGER W W INC Common 384802104 11,599 215,544 Sole 215,544
GREAT LAKES CHEM CORP Common 390568103 40 875 Sole 875
GRUPO TELEVISA SA Spn GDR 40049J206 125 2,800 Defined 2,800
GTE CORP Common 362320103 687 9,100 Sole 9,100
GULF CANADA RESOURCES INC. Common 40218L305 39,805 9,506,827 Sole 9,506,827
H & R BLOCK Common 093671105 200 4,000 Defined 4,000
H. J. HEINZ Common 423074103 1,328 26,486 Sole 26,486
HANSON PLC Spn ADR 411352404 59 1,325 Sole 1,325
HARCOURT GENERAL Common 41163G101 4 86 Sole 86
HARTFORD FINL SVCS GROUP INC Common 416515104 175 3,000 Sole 3,000
HEWLETT-PACKARD Common 428236103 13,624 135,564 Sole 135,564
HSB GROUP INC. Common 40428N109 30,676 744,800 Sole 744,800
IMPERIAL CHEMICAL Spn ADR 452704505 40 1,000 Sole 1,000
IMS HEALTH INC. Common 449934108 15,340 490,866 Sole 490,866
INFOSYS TECHNOLOGIES ADR 456788108 151 2,600 Defined 2,600
INSURANCE SERVICES OFFICE INC Common 45806@109 8,938 223,447 Sole 223,447
INTEL CORP Common 458140100 321 5,400 Sole 5,400
INTERNATIONAL BUSINESS MACHS Common 459200101 543 4,200 Sole 4,200
INTERPUBLIC GROUP COS INC Common 460690100 273 3,150 Sole 3,150
JDN RLTY CORP Common 465917102 168 7,500 Sole 7,500
JOHNSON & JOHNSON Common 478160104 87,704 894,940 Sole 894,940
KEANE INC. Common 486665102 136 6,000 Sole 6,000
KIMBERLY CLARK CORP Common 494368103 251 4,400 Sole 4,400
KIMBERLY CLARK MEX Spn ADR 494386204 96 5,000 Defined 5,000
KOREA ELECTRIC POWER CORP Spn ADR 500631106 8,739 426,300 Defined 426,300
KOREA TELECOM CORP Spn ADR 50063P103 19,871 496,764 Defined 451,364 45,400
LIBERTY ALL-STAR EQUITY FUND Common 530158104 99,880 7,263,996 Sole 7,263,996
LIBERTY ALL-STAR GROWTH FUND Common 529900102 2,756 249,100 Sole 249,100
LIFEPOINT HOSPITALS Common 53219L109 1 68 Sole 68
LILLY ELI & CO Common 532457108 229 3,200 Sole 3,200
LILLY ELI & CO Common 532457108 287 4,000 Defined 4,000
LOCKHEED MARTIN CORP. Common 539830109 28 750 Sole 750
LOEWS CORP. Common 540424108 138 1,750 Sole 1,750
MARRIOTT INTL INC Class A 571903202 1,547 41,380 Sole 41,380
MARSH & MCLENNAN COS INC Common 571748102 91 1,200 Sole 1,200
MASCO CORP Common 574599106 173 6,000 Sole 6,000
MATAV R T Spn ADR 559776109 198 7,200 Defined 7,200
MAYTAG CORP Common 578592107 188 2,700 Sole 2,700
MBIA, INC. Common 55262C100 308 4,750 Sole 4,750
MCDONALDS Common 580135101 94,131 2,288,884 Sole 2,288,884
MCI WORLDCOM INC Common 55268B106 301 3,500 Sole 3,500
MEDIAONE GROUP INC Common 58440J104 263 3,542 Sole 3,542
MEDTRONIC INC Common 585055106 312 4,000 Sole 4,000
MELLON BK CORP Common 585509102 356 9,800 Sole 9,800
MERCANTILE BANKSHARES CORP. Common 587405101 212 6,000 Sole 6,000
MERCK & CO INC Common 589331107 46,694 634,218 Sole 634,218
MERRILL LYNCH & CO INC Common 590188108 238 3,000 Sole 3,000
MGIC INV CORP WIS Common 552848103 44 900 Sole 900
MICROSOFT CORP. Common 594918104 541 6,000 Sole 6,000
MOBIL CORP Common 607059102 662 6,700 Sole 6,700
MORGAN (JP) & CO Common 616880100 4,501 32,037 Sole 32,037
MORGAN STANLEY, DEAN WITTER Common 617446448 62 600 Sole 600
MOTOROLA INC Common 620076109 417 4,401 Sole 4,401
MYLAN LABS INC Common 628530107 27 1,000 Sole 1,000
NABISCO HOLDING CORP Common 629526104 86 2,000 Defined 2,000
NATIONAL CITY CORP. Common 635405103 39 600 Sole 600
NATIONWIDE FINL SVCS INC Common 638612101 145 3,200 Sole 3,200
NEWELL CO Common 651192106 186 4,000 Sole 4,000
NEWS CORP LTD Common 652487703 53 1,500 Sole 1,500
NICE SYSTEMS LTD Spn ADR 653656108 80 2,900 Defined 2,900
NICOR INC Common 654086107 240 6,300 Sole 6,300
NIELSEN MEDIA RES INC Common 653929307 2,393 81,811 Sole 81,811
NOKIA CORP ADR 654902204 220 2,400 Sole 2,400
NORFOLK SOUTHERN CORP Spn ADR 655844108 48 1,600 Sole 1,600
NORSK HYDRO A S Spn ADR 656531605 42 1,100 Sole 1,100
NORTHERN TR CORP Common 665859104 146 1,500 Sole 1,500
NUCOR CORP Common 670346105 38 800 Sole 800
OLD REP INTL CORP Common 680223104 41 2,350 Sole 2,350
ORACLE SYS CORP Common 68389X105 78 2,100 Sole 2,100
PACIFICORP Common 695114108 90 4,900 Sole 4,900
PANAMERICAN BEVERAGES INC Class A P74823108 124 5,220 Defined 5,220
PAPA JOHNS INT'L INC. Common 698813102 156 3,500 Sole 3,500
PENTAIR INC Common 709631105 275 6,000 Sole 6,000
PHILIPS ELEC CO Common 500472204 325 3,220 Sole 3,220
PHILIPS MORRIS CO INC Common 718154107 313 7,800 Sole 7,800
PILOT NETWORK SVCS INC Common 721596104 732 74,650 Sole 74,650
PITNEY BOWES INC Common 724479100 270 4,200 Sole 4,200
PITTWAY CORP. Common 725790208 308 9,000 Sole 9,000
PRECISION CASTPARTS CORP Common 740189105 30 700 Sole 700
R & B FALCON CORP Common 74912E101 99 10,552 Sole 10,552
R. H. DONNELLEY CORP Common 74955W307 960 49,087 Sole 49,087
RAYTHEON CO Class A 755111309 276 4,000 Sole 4,000
RAYTHEON CO Class B 755111408 49 700 Sole 700
RELIANT ENERGY INC Common 75952J108 171 6,200 Sole 6,200
RELIASTAR FINL CORP Common 75952U103 201 4,600 Sole 4,600
REPSOL S A Spn ADR 76026T205 49 2,400 Sole 2,400
REUTERS GROUP PLC Spn ADR 76132M102 1,035 12,762 Defined 12,762
REYNOLDS METALS CO Common 761763101 148 2,500 Sole 2,500
ROYAL DUTCH PETE CO NY Reg 780257804 187 3,100 Sole 3,100
RUSSELL CORP Common 782352108 29 1,500 Sole 1,500
SAFECO CORP Common 786429100 66 1,500 Sole 1,500
SAFEWAY INC Common 786514208 99 2,000 Defined 2,000
SANDY SPRING BANCORP Common 800363103 711 25,604 Sole 25,604
SEARS ROEBUCK & CO Common 812387108 294 6,600 Sole 6,600
SHAW INDS INC Common 820286102 47 2,700 Sole 2,700
SHERWIN WILLIAMS CO Common 824348106 44 1,600 Sole 1,600
SMITHKLINE BEECHAM Spn ADR 832378301 1,973 29,868 Defined 29,868
SOUTHERN CO Common 842587107 40 1,500 Sole 1,500
SOUTHTRUST CORP Common 844730101 144 3,750 Sole 3,750
SOUTHWEST AIRLS CO Common 844741108 100 3,200 Sole 3,200
SPRINT CORP Common 852061100 318 6,000 Sole 6,000
STAFF LEASING INC Common 852381102 2,575 200,000 Sole 200,000
STMICROELECTRONICS NV Common 861012102 470 6,781 Sole 6,781
SUMMIT BANCORP Common 866005101 213 5,100 Sole 5,100
SUN MICROSYSTEMS INC Common 866810104 482 7,000 Sole 7,000
SYBRON INT'L CORP - WISC Common 87114F106 331 12,000 Sole 12,000
SYNNEX GDR 87161A208 243 10,758 Defined 10,758
TCS ENTERPRISES Common 872339106 3 5,000 Sole 5,000
TELECENTRO SUL Spn ADR 879239101 72 1,300 Defined 1,300
TELE-COMMUNICATIONS INC GRP A Common 87924V507 161 3,000 Sole 3,000
TELEFONICA DE ARGENTINA Spn ADR 879378206 213 6,800 Defined 6,800
TELEFONOS DE MEXICO Spn ADR 879403780 32 400 Defined 400
TELEFONOS DE MEXICO S A Spn ADR rep ord 879403780 57 700 Sole 700
TELESP Part Spn ADR 87952K100 62 2,700 Defined 2,700
TELESUDESTE CELLULAR Part ADR 879252104 171 6,200 Defined 6,200
TENET HEALTHCARE CORP. Common 88033G100 108 5,800 Sole 5,800
TEXACO INC Common 881694103 125 2,000 Sole 2,000
TJX COS INC Common 872540109 167 5,000 Sole 5,000
TORCHMARK CORP Common 891027104 41 1,200 Sole 1,200
TOSCO CORP Common 891490302 215 8,300 Sole 8,300
TRIAD HOSPITAL Common 89579K109 1 68 Sole 68
TYSON FOODS INC CL A Common 902494103 47 2,100 Sole 2,100
U S FOOD SERVICE Common 90331R101 213 5,000 Sole 5,000
UNICOM CORP. Common 904911104 177 4,600 Sole 4,600
UNIFI INC Common 904677101 47 2,200 Sole 2,200
USX - U S STL Common 90337T101 167 6,200 Sole 6,200
V F CORP Common 918204108 209 4,900 Sole 4,900
VINA CONCHA Y TORO S A Spn ADR 927191106 94 2,600 Defined 2,600
WADDELL & REED FINL INC Class A 930059100 2 68 Sole 68
WADDELL & REED FINL INC Class B 930059209 8 293 Sole 293
WASHINGTON MUTUAL INC Common 939322103 98 2,760 Sole 2,760
WHIRLPOOL CORP Common 963320106 44 600 Sole 600
WILLIAMS CO INC Common 969457100 715 16,800 Sole 16,800
XEROX CORP Common 984121103 257 4,350 Sole 4,350
YAGEO CORP Common 984326108 12 2,550 Defined 2,550
YORK INTERNATIONAL CORP. Common 986670107 39 900 Sole 900
YPF SOCIEDAD ANONIMA Spn ADR Cl D 984245100 65 1,700 Sole 1,700
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