[TYPE]
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: CGU Asset Management Inc.
Address: One Beacon Street, B17-01
Boston, MA 02108
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorzied 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: Ronald N. Couture
Title: Manager, Investment Accounting
Phone: 617-725-6564
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FORM 13F INFORMATION TABLE
VALUE SHINVSTMT
NAME OF ISSUER TIT CUSIP (x$1000) SHARES PRDSCRETN
A T & T CORP LIBERTY MEDICOM001957208 250,000 9,187,500SHDEFINED
ABBOTT LABORATORIES COM002824100 319,700 14,506,388SHDEFINED
ACE LTD COMG0070K103 840,000 23,730,000SHDEFINED
AETNA SERVICES COM008117103 250,000 22,359,375SHDEFINED
AFLAC INCORPORATED COM001055102 278,000 13,309,250SHDEFINED
AIR PRODUCTS AND CHEMICALS, COM009158106 241,800 9,732,450SHDEFINED
ALABAMA PWR CO PFD010392306 2,635 207,770SHDEFINED
ALABAMA PWR CO PFD010392405 9,087 729,232SHDEFINED
ALABAMA PWR CO PFD010392504 3,140 254,152SHDEFINED
ALABAMA PWR CO PFD010392603 12,046 991,868SHDEFINED
ALABAMA PWR CO PFD010392702 6,958 597,205SHDEFINED
ALLEGHENY ENERGY INC COM017361106 128,000 4,104,000SHDEFINED
ALLIED SIGNAL INC. COM019512102 563,900 35,525,700SHDEFINED
ALLSTATE CORPORATION COM020002101 111,200 3,989,300SHDEFINED
ALUMINUM COMPANY OF AMERICA COM013817101 212,000 13,117,500SHDEFINED
AMERICAN EXPRESS COM025816109 160,900 20,937,113SHDEFINED
AMERICAN GENERAL CORP COM026351106 361,000 27,210,375SHDEFINED
AMERICAN INT'L. GROUP COM026874107 311,170 36,484,683SHDEFINED
AMERITECH COM030954101 610,800 44,893,800SHDEFINED
AMFM INC COM001693100 100,500 5,540,063SHDEFINED
AMGEN INC COM031162100 346,600 21,099,275SHDEFINED
AMS SERVICES INC COM00179#101 12 273,082SHDEFINED
ANHEUSER-BUSCH COS INC COM035229103 364,600 25,863,813SHDEFINED
ASSOCIATES FIRST CAP CORP COM046008108 676,500 29,850,563SHDEFINED
AT&T CORPORATION COM001957109 645,451 36,024,235SHDEFINED
ATLANTIC RICHFIELD CO COM048825103 30,000 2,506,875SHDEFINED
AUTOMATIC DATA PROCESSING, ICOM053015103 840,300 36,973,200SHDEFINED
BALTIMORE GAS ELEC CO PFD059165688 34,750 3,978,875SHDEFINED
BALTIMORE GAS ELEC CO PFD059165696 20,000 2,156,600SHDEFINED
BALTIMORE GAS ELEC CO PFD059165761 30,000 3,540,000SHDEFINED
BANK ONE COM06423A103 442,500 26,356,406SHDEFINED
BANKAMERICA CORP. COM060505104 386,664 28,347,299SHDEFINED
BANKBOSTON CORPORATION COM06605R106 113,900 5,823,138SHDEFINED
BECTON DICKINSON COM075887109 46,100 1,383,000SHDEFINED
BELL ATLANTIC CORP COM077853109 428,900 28,039,338SHDEFINED
BELLSOUTH CORPORATION COM079860102 334,000 15,405,750SHDEFINED
BESTFOODS COM08658U101 193,700 9,588,150SHDEFINED
BIOGEN INC COM090597105 170,000 10,933,125SHDEFINED
BJ'S WHOLESALE CLUB INC COM05548J106 158,000 4,749,875SHDEFINED
BLACK DECKER CORP COM091797100 250,000 15,781,250SHDEFINED
BMC SOFTWARE INC COM055921100 150,000 8,100,000SHDEFINED
BOSTON EDISON CO PFD100599208 20,550 1,540,017SHDEFINED
BOSTON EDISON CO PFD100599307 45,886 3,867,731SHDEFINED
BP AMOCO PLC -SPONS ADR COM055622104 118,918 12,902,603SHDEFINED
BRISTOL MYERS SQUIBB CO. COM110122108 715,900 50,426,206SHDEFINED
BURLINGTON RESOURCES, INC COM122014103 418,200 18,087,150SHDEFINED
CANADIAN NAT'L RAILWAY CO COM136375102 75,000 5,025,000SHDEFINED
CARDINAL HEALTH COM14149Y108 230,500 14,780,813SHDEFINED
CARNIVAL CORP COM143658102 601,700 29,182,450SHDEFINED
CAROLINA PWR LT CO PFD144141207 10,600 776,662SHDEFINED
CAROLINA PWR LT CO PFD144141405 13,198 1,252,490SHDEFINED
CBS CORP COM12490K107 96,600 4,208,138SHDEFINED
CENTRAL ILL LT CO PFD153645304 42,398 3,438,902SHDEFINED
CENTRAL ILL PUB SVC CO PFD153663307 3,950 345,388SHDEFINED
CENTRAL ILL PUB SVC CO PFD153663406 1,500 130,620SHDEFINED
CENTRAL ILL PUB SVC CO PFD153663802 7,000 528,710SHDEFINED
CERTIFIED CAP CORP COM15689*106 132,500 132,500SHDEFINED
CHAMPION INTL CORP COM158525105 80,000 3,830,000SHDEFINED
CHASE MANHATTAN CORP COM16161A108 276,500 23,917,250SHDEFINED
CHASE MANHATTAN-NEW PFD STK PFD16161A884 4,200 120,488SHDEFINED
CHEVRON CORPORATION COM166751107 298,784 28,403,154SHDEFINED
CISCO SYSTEMS COM17275R102 909,000 58,630,500SHDEFINED
CITIGROUP COM172967101 915,904 43,505,440SHDEFINED
CLEAR CHANNEL COM184502102 205,000 14,132,188SHDEFINED
CLOROX COMPANY COM189054109 210,200 22,451,988SHDEFINED
COASTAL CORP COM190441105 566,500 22,801,625SHDEFINED
COMCAST CORP COM200300200 320,000 12,300,000SHDEFINED
COMPUTER SCIENCES CORP. COM205363104 246,500 17,054,719SHDEFINED
CONOCO INC COM208251306 775,000 21,603,125SHDEFINED
CONSOLIDATED EDISON CO N Y PFD209111301 25,700 2,184,500SHDEFINED
CONSOLIDATED EDISON CO N Y PFD209111400 88,180 7,223,706SHDEFINED
COSTCO COMPANIES INC COM22160Q102 115,000 9,207,188SHDEFINED
DAYTON HUDSON CORP COM239753106 153,200 9,958,000SHDEFINED
DEERE & COMPANY COM244199105 90,000 3,526,875SHDEFINED
DELMARVA PWR LT CO PFD247109200 28,250 1,794,158SHDEFINED
DELMARVA PWR LT CO PFD247109408 11,394 821,393SHDEFINED
DELMARVA PWR LT CO PFD247109507 21,250 1,561,025SHDEFINED
DELMARVA PWR LT CO PFD247109606 8,200 641,814SHDEFINED
DELMARVA PWR LT CO PFD247109705 29,133 2,500,194SHDEFINED
DELTA AIRLINES COM247361108 150,000 8,643,750SHDEFINED
DEPRENYL USA INC COM249681107 102 714SHDEFINED
DU PONT E I DE NEMOURS CO PFD263534208 41,800 2,649,075SHDEFINED
DU PONT E I DE NEMOURS CO PFD263534307 91,400 7,083,500SHDEFINED
DUKE ENERGY COM264399106 358,500 19,515,844SHDEFINED
DUKE ENERGY CORP PFD264399643 42,500 4,628,675SHDEFINED
DUKE ENERGY CORP PFD264399668 7,000 759,570SHDEFINED
DUKE ENERGY CORP PFD264399791 2,800 224,000SHDEFINED
DUPONT EI NEMOURS & CO COM263534109 80,000 4,105,000SHDEFINED
DUQUESNE LT CO PFD266228501 1,700 60,877SHDEFINED
DUQUESNE LT CO PFD266228600 1,000 35,625SHDEFINED
DUQUESNE LT CO PFD266228709 1,600 57,600SHDEFINED
ECOLAB INC COM278865100 141,800 6,186,025SHDEFINED
ELI LILLY COM532457108 300,000 21,487,500SHDEFINED
EMC CORP COM268648102 170,000 9,350,000SHDEFINED
EMERSON ELECTRIC COMPANY COM291011104 156,500 9,849,719SHDEFINED
ENTERGY ARK INC PFD29364D803 1,000 103,690SHDEFINED
EQUITABLE RESOURCES, INC. COM294549100 101,000 3,812,750SHDEFINED
EXXON CORP COM302290101 467,720 36,072,905SHDEFINED
FEDERAL NATIONAL MTG ASSOCIACOM313586109 81,500 5,562,375SHDEFINED
FEDERATED DEPT STORES COM31410H101 320,000 16,940,000SHDEFINED
FIRST UN CORP COM337358105 70,000 3,298,750SHDEFINED
FIRSTAR CORP COM33763V109 500,000 14,000,000SHDEFINED
FIXED INCOME UNITS COM990017790 818,199 12,698,455SHDEFINED
FLORIDA PWR LT CO PFD341081206 29,002 2,213,723SHDEFINED
FLORIDA PWR LT CO PFD341081305 32,775 2,401,424SHDEFINED
FLORIDA PWR LT CO PFD341081776 16,000 1,715,360SHDEFINED
FLORIDA PWR LT CO PFD341081784 87,720 9,501,830SHDEFINED
FLORIDA PWR LT CO PFD341081792 22,500 2,426,400SHDEFINED
FLORIDA PWR & LT PFD3410817*2 2,000 157,900SHDEFINED
FLORIDA PWR CORP PFD341099307 49,750 3,717,320SHDEFINED
FLORIDA PWR CORP PFD341099406 37,088 2,884,334SHDEFINED
FLORIDA PWR CORP PFD341099505 21,585 1,686,004SHDEFINED
FORD MOTOR COMPANY COM345370100 552,800 31,198,650SHDEFINED
FRESENIUS NATL MED CARE HLDGPFD358030203 466,500 7,289SHDEFINED
GANNETT COMPANY, INC. COM364730101 315,700 22,533,088SHDEFINED
GENERAL ELEC CAP CORP PFD STPFD369622683 4,000 400,000SHDEFINED
GENERAL ELECTRIC COMPANY COM369604103 916,700 103,587,100SHDEFINED
GILLETTE COMPANY COM375766102 84,400 3,460,400SHDEFINED
GTE CALIF INC PFD362311300 32,083 533,540SHDEFINED
GTE CALIF INC PFD362311409 97,949 1,799,813SHDEFINED
GTE CORPORATION COM362320103 507,000 38,278,500SHDEFINED
GUIDANT CORP COM401698105 373,400 19,090,075SHDEFINED
GULF PWR CO PFD402479406 8,500 779,790SHDEFINED
HALLIBURTON COMPANY COM406216101 589,300 26,665,825SHDEFINED
HARTFORD FINANCIAL SERVICES COM416515104 185,900 10,840,294SHDEFINED
HEWLETT-PACKARD COMPANY COM428236103 77,000 7,738,500SHDEFINED
HOUGHTON MIFFLIN CO COM441560109 343,500 16,165,969SHDEFINED
HOUSEHOLD INTERNATIONAL INC COM441815107 399,100 18,907,363SHDEFINED
IDAHO PWR CO PFD451380208 2,000 134,020SHDEFINED
ILLINOIS TOOL WORKS COM452308109 352,400 28,808,700SHDEFINED
INGERSOLL-RAND COMPANY COM456866102 483,950 31,275,269SHDEFINED
INTEL CORP COM458140100 641,800 38,187,100SHDEFINED
INTERNATIONAL BUSINESS MACHICOM459200101 574,100 74,202,425SHDEFINED
INTERNATIONAL PAPER COMPANY COM460146103 300,000 15,075,000SHDEFINED
INTERPUBLIC GROUP OF COS. INCOM460690100 206,500 17,888,063SHDEFINED
ITT HARTFORD CAPITAL PFD. STPFD416315208 400,000 9,825,000SHDEFINED
JOHNSON & JOHNSON COM478160104 499,200 48,921,600SHDEFINED
K MART CORP COM482584109 350,000 5,775,000SHDEFINED
KANSAS CITY PWR LT CO PFD485134506 150 13,200SHDEFINED
KEYSPAN COM49337K106 172,800 4,557,600SHDEFINED
KIM MANAGEMENT INC COM254451610 1,000 166,809SHDEFINED
KOHLS CORP COM500255104 70,000 5,381,250SHDEFINED
KROGER CO COM501044101 856,000 23,914,500SHDEFINED
LUCENT TECHNOLOGIES COM549463107 739,546 49,873,133SHDEFINED
MARSH & MCLENNAN COS. COM571748102 80,000 6,055,000SHDEFINED
MASCO CORPORATION COM574599106 779,400 22,505,175SHDEFINED
MCDONALD'S CORPORATION COM580135101 590,000 24,263,750SHDEFINED
MCI WORLDCOM COM55268B106 539,600 46,439,325SHDEFINED
MEAD CORP COM582834107 95,200 3,974,600SHDEFINED
MEDIAONE GROUP COM58440J104 328,000 24,395,000SHDEFINED
MEDTRONIC INC COM585055106 210,000 16,353,750SHDEFINED
MELLON BK CORP COM585509102 820,000 29,827,500SHDEFINED
MERCK & CO. INC. COM589331107 729,000 53,672,625SHDEFINED
MEREDITH CORP COM589433101 56,500 1,956,313SHDEFINED
MERRILL LYNCH & CO COM590188108 80,000 6,360,000SHDEFINED
MICROSOFT CORP COM594918104 1,341,600 120,995,550SHDEFINED
MIDAMERICAN ENERGY CO PFD595620709 12,100 847,968SHDEFINED
MIDAMERICAN ENERGY CO PFD595620808 7,700 568,260SHDEFINED
MIDAMERICAN ENERGY CO PFD595620873 250 20,358SHDEFINED
MISSISSIPPI PWR CO PFD605417500 3,500 362,565SHDEFINED
MOBIL CORPORATION COM607059102 437,100 43,163,625SHDEFINED
MONONGAHELA PWR CO PFD610202301 2,371 197,078SHDEFINED
MONONGAHELA PWR CO PFD610202400 4,910 416,123SHDEFINED
MONONGAHELA PWR CO PFD610202509 15,447 1,610,504SHDEFINED
MONONGAHELA PWR CO PFD610202848 25,000 2,770,000SHDEFINED
MORGAN STANLEY DEAN WITTER COM617446448 85,000 8,723,125SHDEFINED
MOTOROLA, INC. COM620076109 285,000 27,003,750SHDEFINED
MUENCHENER RUECKVER AG-REG COMD55535104 447,294 83,035,166SHDEFINED
NEWBRIDGE NETWORKS COM650901101 135,000 3,881,250SHDEFINED
NEWELL COMPANY COM651229106 107,500 4,985,313SHDEFINED
NEXTEL COMMUNICATIONS COM65332V103 100,000 5,018,750SHDEFINED
NORTEL NETWORKS CORP COM656569100 159,200 13,820,550SHDEFINED
NORTHERN IND PUB SVC CO PFD665262200 3,682 257,666SHDEFINED
NORTHERN IND PUB SVC CO PFD665262507 30,449 2,272,104SHDEFINED
NORTHERN STS PWR CO MINN PFD665772307 47,270 3,616,155SHDEFINED
NORTHERN STS PWR CO MINN PFD665772406 58,480 4,502,960SHDEFINED
NORTHERN STS PWR CO MINN PFD665772505 79,765 6,261,553SHDEFINED
NORTHERN STS PWR CO MINN PFD665772604 44,210 3,384,276SHDEFINED
NORTHERN STS PWR CO MINN PFD665772703 39,165 3,329,025SHDEFINED
ORACLE SYSTEMS CORPORATION COM68389X105 223,500 8,297,438SHDEFINED
PACIFIC ENTERPRISES PFD694232505 4,400 339,900SHDEFINED
PACIFIC ENTERPRISES PFD694232604 6,240 508,186SHDEFINED
PAULA FINANCIAL COM703588103 423,712 3,813,408SHDEFINED
PENNSYLVANIA AMERICA WATER CPFD9591882*3 242 21,357SHDEFINED
PEOPLES HERITAGE FINANCIAL GCOM711147108 456,000 8,578,500SHDEFINED
PEPSICO INCORPORATED COM713448108 410,200 15,869,613SHDEFINED
PFIZER INCORPORATED COM717081103 269,000 29,518,263SHDEFINED
PHARMACIA UPJOHN INC COM716941109 573,200 32,564,925SHDEFINED
PITNEY BOWES INC COM724479100 433,900 27,878,075SHDEFINED
PNC BK CORP COM693475105 175,000 10,084,375SHDEFINED
POTOMAC EDISON CO PFD737662304 29,455 2,949,624SHDEFINED
POTOMAC ELEC PWR CO COM737679100 735,000 21,636,563SHDEFINED
POTOMAC ELEC PWR CO PFD737679209 98,847 3,953,880SHDEFINED
POTOMAC ELEC PWR CO PFD737679308 27,727 1,186,993SHDEFINED
POTOMAC ELEC PWR CO PFD737679506 8,777 378,815SHDEFINED
PROCTER & GAMBLE COMPANY COM742718109 442,100 39,457,425SHDEFINED
PUBLIC SVC ELEC GAS CO PFD744567306 36,800 2,715,840SHDEFINED
PUBLIC SVC ELEC GAS CO PFD744567405 28,380 2,185,260SHDEFINED
PUBLIC SVC ELEC GAS CO PFD744567504 6,200 539,400SHDEFINED
PUBLIC SVC ELEC GAS CO PFD744567603 9,670 869,720SHDEFINED
PUBLIC SVC ELEC GAS CO PFD744567702 12,400 1,153,200SHDEFINED
QUESTAR CORP COM748356102 253,000 4,838,625SHDEFINED
RAYTHEON CO COM755111408 170,800 12,041,400SHDEFINED
ROCHESTER GAS ELEC CORP PFD771367307 7,183 508,556SHDEFINED
ROCHESTER GAS ELEC CORP PFD771367406 2,000 164,040SHDEFINED
ROHM & HAAS CO COM775371107 664,900 28,507,588SHDEFINED
SAFEWAY INC. COM786514208 335,000 16,582,500SHDEFINED
SAN DIEGO GAS ELEC CO PFD797440302 9,000 146,250SHDEFINED
SBC COMMUNICATIONS INC COM78387G103 271,701 15,758,635SHDEFINED
SCHERING-PLOUGH COM806605101 250,000 13,125,000SHDEFINED
SCHLUMBERGER, LTD. COM806857108 200,000 12,737,500SHDEFINED
SIEBEL SYSTEMS COM826170102 105,000 6,962,813SHDEFINED
SOUTHWEST AIRLINES COM844741108 1,235,250 38,447,156SHDEFINED
SPRINT CORP COM852061100 655,600 34,746,800SHDEFINED
SUNMICROSYSTEMS INC COM866810104 223,800 15,414,225SHDEFINED
SYSCO CORPORATION COM871829107 600,900 17,914,331SHDEFINED
TELLABS COM879664100 250,000 16,890,625SHDEFINED
TERADYNE INC COM880770102 125,000 8,968,750SHDEFINED
TEXACO INC COM881694103 369,000 23,016,375SHDEFINED
TEXAS INSTRS INC COM882508104 183,000 26,352,000SHDEFINED
TEXAS UTILITIES COMPANY COM882848104 493,900 20,465,981SHDEFINED
TEXAS UTILS ELEC CO PFD882850506 2,800 217,084SHDEFINED
TEXAS UTILS ELEC CO PFD882850712 4,940 365,560SHDEFINED
TEXAS UTILS ELEC CO PFD882850753 3,550 242,110SHDEFINED
TEXAS UTILS ELEC CO PFD882850845 6,250 543,750SHDEFINED
TEXAS UTILS ELEC CO PFD882850878 18,565 1,266,133SHDEFINED
THE HOME DEPOT, INC. COM437076102 475,700 30,652,919SHDEFINED
TIME WARNER INC COM887315109 507,200 36,835,400SHDEFINED
TJX COMPANIES, INC COM872540109 393,000 13,091,813SHDEFINED
TOYS "R" US COM892335100 175,000 3,620,313SHDEFINED
TYCO INTERNATIONAL LTD COM902124106 484,999 45,953,655SHDEFINED
U S FOOD SERVICE COM90331R101 90,000 3,836,250SHDEFINED
UNION ELEC CO PFD906548300 5,864 369,197SHDEFINED
UNION ELEC CO PFD906548409 3,040 224,960SHDEFINED
UNION ELEC CO PFD906548607 33,500 2,818,188SHDEFINED
UNISYS COM909214108 643,000 25,036,813SHDEFINED
UNITED FIRE CAS CO COM910331107 2,025,680 52,667,680SHDEFINED
UNITED TECHNOLOGIES CORPORATCOM913017109 355,000 25,560,000SHDEFINED
US WEST INC COM91273H101 215,000 12,631,250SHDEFINED
VIRGINIA ELEC PWR CO PFD927804302 21,485 1,522,642SHDEFINED
VIRGINIA ELEC PWR CO PFD927804500 21,684 1,790,448SHDEFINED
VIRGINIA ELEC PWR CO PFD927804633 40,000 4,344,800SHDEFINED
VODAFONE AIRTOUCH PLC-SP ADRCOM92857T107 105,400 20,763,800SHDEFINED
WACHOVIA CORP NEW COM929771103 85,000 7,272,813SHDEFINED
WALGREEN COMPANY COM931422109 110,500 3,245,938SHDEFINED
WAL-MART STORES, INCORPORATECOM931142103 1,025,000 49,456,250SHDEFINED
WALT DISNEY COMPANY COM254687106 301,400 9,286,888SHDEFINED
WASHINGTON GAS LT CO PFD938837606 3,139 267,411SHDEFINED
WASHINGTON MUTUAL INC COM939322103 620,000 22,048,750SHDEFINED
WELLS FARGO COMPANY COM949746101 798,000 34,114,500SHDEFINED
WENDY'S INTL COM950590109 331,500 9,447,750SHDEFINED
WEST PENN PWR CO PFD955278205 16,625 1,175,886SHDEFINED
WEST PENN PWR CO PFD955278304 10,578 730,411SHDEFINED
WESTERN PENN WATER CO PFD9591887*8 227 20,175SHDEFINED
WESTERN RES INC PFD959425307 8,153 711,920SHDEFINED
WILLAMETTE INDUSTRIES, INC. COM969133107 73,200 3,371,775SHDEFINED
WISCONSIN PUB SVC CORP PFD976843300 10,743 937,649SHDEFINED
WISCONSIN PUB SVC CORP PFD976843409 6,430 565,647SHDEFINED
WISCONSIN PUB SVC CORP PFD976843508 25,900 2,715,874SHDEFINED
WISCONSIN PWR LT CO PFD976826206 5,680 429,635SHDEFINED
WISCONSIN PWR LT CO PFD976826404 2,500 204,575SHDEFINED
WISCONSIN PWR LT CO PFD976826503 4,597 379,344SHDEFINED
WISCONSIN PWR LT CO PFD976826602 4,938 421,063SHDEFINED
WRIGLEY WM JR CO COM982526105 48,000 4,281,000SHDEFINED
XEROX CORP COM984121103 524,600 30,984,187SHDEFINED
XL CAPITAL LTD COMG98255105 78,200 4,418,300SHDEFINED
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