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, 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: Thomas Gaylord, Jr.
Title: Investment Accounting Analyst
Phone: 617-725-7057
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FORM 13F INFORMATION TABLE
SHINVSTMT
NAME OF ISSUER TIT CUSIP VALUE SHARES PRDSCRETN
AFLAC INCORPORATED COM001055102 12,332,188 294,500.00SHDEFINED
AMFM INC COM001693100 6,105,375 100,500.00SHDEFINED
AMS SERVICES INC COM00179#101 273,082 12.00SHDEFINED
AT&T CORPORATION COM001957109 18,487,500 425,000.00SHDEFINED
A T & T CORP LIBERTY MEDICOM001957208 16,790,625 450,000.00SHDEFINED
ALABAMA PWR CO PFD010392306 205,978 2,635.00SHDEFINED
ALABAMA PWR CO PFD010392405 722,962 9,087.00SHDEFINED
ALABAMA PWR CO PFD010392504 251,985 3,140.00SHDEFINED
ALABAMA PWR CO PFD010392603 983,315 12,046.00SHDEFINED
ALABAMA PWR CO PFD010392702 592,056 6,958.00SHDEFINED
ALUMINUM COMPANY OF AMERICA COM013817101 9,309,375 150,000.00SHDEFINED
ALLIED SIGNAL INC. COM019512102 27,840,969 464,500.00SHDEFINED
ALLMERICA FINANCIAL CORP. ICOM019754100 4,105,275 86,200.00SHDEFINED
AMERICAN EXPRESS COM025816109 18,576,000 137,600.00SHDEFINED
AMERICAN GENERAL CORP COM026351106 24,104,575 381,100.00SHDEFINED
AMERICAN INT'L. GROUP COM026874107 23,907,812 275,000.00SHDEFINED
AMERITECH COM030954101 31,839,750 477,000.00SHDEFINED
AMGEN INC COM031162100 22,542,900 276,600.00SHDEFINED
ANHEUSER-BUSCH COS INC COM035229103 22,041,663 314,600.00SHDEFINED
ASSOCIATES FIRST CAP CORP COM046008108 17,280,000 480,000.00SHDEFINED
ATLANTIC RICHFIELD CO COM048825103 2,658,750 30,000.00SHDEFINED
AUTOMATIC DATA PROCESSING, ICOM053015103 28,573,388 640,300.00SHDEFINED
BP AMOCO PLC -SPONS ADR COM055622104 13,177,601 118,918.00SHDEFINED
BMC SOFTWARE INC COM055921100 13,239,063 185,000.00SHDEFINED
BALTIMORE GAS ELEC CO PFD059165688 3,978,875 34,750.00SHDEFINED
BALTIMORE GAS ELEC CO PFD059165696 2,149,400 20,000.00SHDEFINED
BALTIMORE GAS ELEC CO PFD059165761 3,540,000 30,000.00SHDEFINED
BELL ATLANTIC CORP COM077853109 21,465,956 318,900.00SHDEFINED
BELLSOUTH CORPORATION COM079860102 15,030,000 334,000.00SHDEFINED
BESTFOODS COM08658U101 23,407,125 482,000.00SHDEFINED
BIOGEN INC COM090597105 9,851,563 125,000.00SHDEFINED
BLACK DECKER CORP COM091797100 12,564,063 275,000.00SHDEFINED
BOSTON EDISON CO PFD100599208 1,526,865 20,550.00SHDEFINED
BOSTON EDISON CO PFD100599307 3,834,234 45,886.00SHDEFINED
BRISTOL MYERS SQUIBB CO. COM110122108 30,503,250 451,900.00SHDEFINED
BURLINGTON RESOURCES, INC COM122014103 21,737,625 591,500.00SHDEFINED
CBS CORP COM12490K107 5,281,750 114,200.00SHDEFINED
CANADIAN NAT'L RAILWAY CO COM136375102 4,486,250 148,000.00SHDEFINED
CARDINAL HEALTH COM14149Y108 10,382,250 190,500.00SHDEFINED
CARNIVAL CORP COM143658102 18,778,950 431,700.00SHDEFINED
CAROLINA PWR LT CO PFD144141207 770,196 10,600.00SHDEFINED
CAROLINA PWR LT CO PFD144141405 1,242,196 13,198.00SHDEFINED
CENTRAL ILL LT CO PFD153645304 3,408,375 42,398.00SHDEFINED
CENTRAL ILL PUB SVC CO PFD153663307 342,465 3,950.00SHDEFINED
CENTRAL ILL PUB SVC CO PFD153663406 129,525 1,500.00SHDEFINED
CENTRAL ILL PUB SVC CO PFD153663802 524,230 7,000.00SHDEFINED
CERTIFIED CAP CORP COM15689*106 132,500 132,500.00SHDEFINED
CHASE MANHATTAN CORP COM16161A108 14,562,450 193,200.00SHDEFINED
CHASE MANHATTAN-NEW PFD STK PFD16161A884 118,650 4,200.00SHDEFINED
CHEVRON CORPORATION COM166751107 21,369,580 240,784.00SHDEFINED
CISCO SYSTEMS COM17275R102 44,599,906 650,500.00SHDEFINED
CITIGROUP COM172967101 28,633,176 650,754.00SHDEFINED
CLEAR CHANNEL COM184502102 10,383,750 130,000.00SHDEFINED
CLOROX COMPANY COM189054109 38,250 1,000.00SHDEFINED
COASTAL CORP COM190441105 22,577,031 551,500.00SHDEFINED
COMCAST CORP COM200300200 12,760,000 320,000.00SHDEFINED
COMPUTER ASSOCIATES INTL COM204912109 12,225,000 200,000.00SHDEFINED
COMPUTER SCIENCES CORP. COM205363104 17,332,031 246,500.00SHDEFINED
CONOCO INC COM208251306 23,323,875 840,500.00SHDEFINED
CONSOLIDATED EDISON CO N Y PFD209111301 2,043,150 25,700.00SHDEFINED
CONSOLIDATED EDISON CO N Y PFD209111400 7,165,507 88,180.00SHDEFINED
COSTCO COMPANIES INC COM22160K105 18,532,800 257,400.00SHDEFINED
DAYTON HUDSON CORP COM239753106 4,997,200 83,200.00SHDEFINED
DEERE & COMPANY COM244199105 5,803,125 150,000.00SHDEFINED
DELMARVA PWR LT CO PFD247109200 1,779,185 28,250.00SHDEFINED
DELMARVA PWR LT CO PFD247109408 814,557 11,394.00SHDEFINED
DELMARVA PWR LT CO PFD247109507 1,548,063 21,250.00SHDEFINED
DELMARVA PWR LT CO PFD247109606 636,484 8,200.00SHDEFINED
DELMARVA PWR LT CO PFD247109705 2,479,510 29,133.00SHDEFINED
WALT DISNEY COMPANY COM254687106 4,066,400 156,400.00SHDEFINED
DU PONT E I DE NEMOURS CO PFD263534208 2,528,900 41,800.00SHDEFINED
DU PONT E I DE NEMOURS CO PFD263534307 6,809,300 91,400.00SHDEFINED
DUKE ENERGY CORP PFD264399643 4,612,100 42,500.00SHDEFINED
DUKE ENERGY CORP PFD264399668 756,910 7,000.00SHDEFINED
DUKE ENERGY CORP PFD264399791 213,500 2,800.00SHDEFINED
DUQUESNE LT CO PFD266228501 57,800 1,700.00SHDEFINED
DUQUESNE LT CO PFD266228600 32,500 1,000.00SHDEFINED
DUQUESNE LT CO PFD266228709 52,800 1,600.00SHDEFINED
EMC CORP COM268648102 7,137,500 100,000.00SHDEFINED
EOG RESOURCES INC COM26875P101 5,960,625 280,500.00SHDEFINED
ECOLAB INC COM278865100 5,146,050 150,800.00SHDEFINED
EMERSON ELECTRIC COMPANY COM291011104 5,573,138 88,200.00SHDEFINED
ENTERGY ARK INC PFD29364D803 103,690 1,000.00SHDEFINED
EQUITABLE RESOURCES, INC. COM294549100 4,972,344 131,500.00SHDEFINED
EXXON CORP COM302290101 24,526,720 322,720.00SHDEFINED
FEDERAL NATIONAL MTG ASSOCIACOM313586109 4,920,969 78,500.00SHDEFINED
FEDERATED DEPT STORES COM31410H101 13,980,000 320,000.00SHDEFINED
FIRSTAR CORP COM33763V109 23,088,125 901,000.00SHDEFINED
FLORIDA PWR LT CO PFD341081206 2,195,741 29,002.00SHDEFINED
FLORIDA PWR LT CO PFD341081305 2,382,087 32,775.00SHDEFINED
FLORIDA PWR & LT PFD3410817*2 212,000 2,000.00SHDEFINED
FLORIDA PWR LT CO PFD341081776 1,710,400 16,000.00SHDEFINED
FLORIDA PWR LT CO PFD341081784 9,470,251 87,720.00SHDEFINED
FLORIDA PWR LT CO PFD341081792 2,418,750 22,500.00SHDEFINED
FLORIDA PWR CORP PFD341099307 3,687,470 49,750.00SHDEFINED
FLORIDA PWR CORP PFD341099406 2,861,710 37,088.00SHDEFINED
FLORIDA PWR CORP PFD341099505 1,672,622 21,585.00SHDEFINED
FORD MOTOR COMPANY COM345370100 16,833,750 335,000.00SHDEFINED
FRESENIUS NATL MED CARE HLDGPFD358030203 7,451 381,500.00SHDEFINED
GTE CALIF INC PFD362311300 473,224 32,083.00SHDEFINED
GTE CALIF INC PFD362311409 1,616,159 97,949.00SHDEFINED
GTE CORPORATION COM362320103 33,594,375 437,000.00SHDEFINED
GANNETT COMPANY, INC. COM364730101 21,842,494 315,700.00SHDEFINED
GENERAL ELECTRIC COMPANY COM369604103 79,045,619 666,700.00SHDEFINED
GENERAL ELEC CAP CORP PFD STPFD369622683 400,000 4,000.00SHDEFINED
GILLETTE COMPANY COM375766102 2,864,325 84,400.00SHDEFINED
GUIDANT CORP COM401698105 20,506,200 382,400.00SHDEFINED
GULF PWR CO PFD402479406 773,245 8,500.00SHDEFINED
HALLIBURTON COMPANY COM406216101 21,701,300 529,300.00SHDEFINED
ITT HARTFORD CAPITAL PFD. STPFD416315208 9,450,000 400,000.00SHDEFINED
HARTFORD FINANCIAL SERVICES COM416515104 4,451,288 108,900.00SHDEFINED
HEWLETT-PACKARD COMPANY COM428236103 6,987,750 77,000.00SHDEFINED
THE HOME DEPOT, INC. COM437076102 22,817,813 332,500.00SHDEFINED
HOUGHTON MIFFLIN CO COM441560109 13,954,688 343,500.00SHDEFINED
HOUSEHOLD INTERNATIONAL INC COM441815107 14,043,750 350,000.00SHDEFINED
IDAHO PWR CO PFD451380208 132,980 2,000.00SHDEFINED
ILLINOIS TOOL WORKS COM452308109 22,547,700 302,400.00SHDEFINED
INGERSOLL-RAND COMPANY COM456866102 22,466,691 408,950.00SHDEFINED
INTEL CORP COM458140100 32,088,138 431,800.00SHDEFINED
INTERNATIONAL BUSINESS MACHICOM459200101 53,736,100 444,100.00SHDEFINED
INTERNATIONAL PAPER COMPANY COM460146103 16,821,875 350,000.00SHDEFINED
INTERPUBLIC GROUP OF COS. INCOM460690100 20,907,950 508,400.00SHDEFINED
JOHNSON & JOHNSON COM478160104 34,021,313 370,300.00SHDEFINED
KANSAS CITY PWR LT CO PFD485134506 12,150 150.00SHDEFINED
KEYSPAN COM49337W100 5,659,163 197,700.00SHDEFINED
KROGER CO COM501044101 14,252,375 646,000.00SHDEFINED
L-3 COMMUNICATIONS HOLDINGS COM502424104 3,899,575 103,300.00SHDEFINED
ELI LILLY COM532457108 16,046,875 250,000.00SHDEFINED
LUCENT TECHNOLOGIES COM549463107 34,484,047 531,546.00SHDEFINED
MCI WORLDCOM COM55268B106 26,320,625 366,200.00SHDEFINED
MARSH & MCLENNAN COS. COM571748102 5,480,000 80,000.00SHDEFINED
MASCO CORPORATION COM574599106 24,161,400 779,400.00SHDEFINED
MCDONALD'S CORPORATION COM580135101 21,625,000 500,000.00SHDEFINED
MEAD CORP COM582834107 3,272,500 95,200.00SHDEFINED
MEDIAONE GROUP COM58440J104 16,395,000 240,000.00SHDEFINED
MEDTRONIC INC COM585055106 10,668,750 300,000.00SHDEFINED
MELLON BK CORP COM58551A108 16,812,500 500,000.00SHDEFINED
MERCK & CO. INC. COM589331107 34,661,725 534,800.00SHDEFINED
MICROSOFT CORP COM594918104 93,424,275 1,031,600.00SHDEFINED
MIDAMERICAN ENERGY CO PFD595620709 841,313 12,100.00SHDEFINED
MIDAMERICAN ENERGY CO PFD595620808 563,640 7,700.00SHDEFINED
MIDAMERICAN ENERGY CO PFD595620873 20,193 250.00SHDEFINED
MISSISSIPPI PWR CO PFD605417500 362,565 3,500.00SHDEFINED
MOBIL CORPORATION COM607059102 35,675,575 354,100.00SHDEFINED
MONONGAHELA PWR CO PFD610202301 195,513 2,371.00SHDEFINED
MONONGAHELA PWR CO PFD610202400 403,848 4,910.00SHDEFINED
MONONGAHELA PWR CO PFD610202509 1,610,968 15,447.00SHDEFINED
MONONGAHELA PWR CO PFD610202848 2,756,250 25,000.00SHDEFINED
MORGAN STANLEY DEAN WITTER COM617446448 7,580,938 85,000.00SHDEFINED
MOTOROLA, INC. COM620076109 18,480,000 210,000.00SHDEFINED
NORTEL NETWORKS CORP COM656569100 17,385,900 340,900.00SHDEFINED
NORTHERN IND PUB SVC CO PFD665262200 255,568 3,682.00SHDEFINED
NORTHERN IND PUB SVC CO PFD665262507 2,253,530 30,449.00SHDEFINED
NORTHERN STS PWR CO MINN PFD665772307 3,261,630 47,270.00SHDEFINED
NORTHERN STS PWR CO MINN PFD665772406 4,035,120 58,480.00SHDEFINED
NORTHERN STS PWR CO MINN PFD665772505 5,080,033 79,765.00SHDEFINED
NORTHERN STS PWR CO MINN PFD665772604 3,337,855 44,210.00SHDEFINED
NORTHERN STS PWR CO MINN PFD665772703 2,988,681 39,165.00SHDEFINED
ORACLE SYSTEMS CORPORATION COM68389X105 10,169,250 223,500.00SHDEFINED
PNC BK CORP COM693475105 9,220,313 175,000.00SHDEFINED
PACIFIC ENTERPRISES PFD694232505 306,900 4,400.00SHDEFINED
PACIFIC ENTERPRISES PFD694232604 455,520 6,240.00SHDEFINED
PAULA FINANCIAL COM703588103 2,621,718 423,712.00SHDEFINED
PEOPLES HERITAGE FINANCIAL GCOM711147108 7,581,000 456,000.00SHDEFINED
PEPSICO INCORPORATED COM713448108 4,471,300 146,600.00SHDEFINED
PHARMACIA UPJOHN INC COM716941109 23,343,600 470,400.00SHDEFINED
PITNEY BOWES INC COM724479100 23,241,563 381,400.00SHDEFINED
POTOMAC EDISON CO PFD737662304 2,925,765 29,455.00SHDEFINED
POTOMAC ELEC PWR CO COM737679100 22,092,469 868,500.00SHDEFINED
POTOMAC ELEC PWR CO PFD737679209 3,921,260 98,847.00SHDEFINED
POTOMAC ELEC PWR CO PFD737679308 1,177,011 27,727.00SHDEFINED
POTOMAC ELEC PWR CO PFD737679506 375,656 8,777.00SHDEFINED
PROCTER & GAMBLE COMPANY COM742718109 31,134,375 332,100.00SHDEFINED
PUBLIC SVC ELEC GAS CO PFD744567306 2,525,584 36,800.00SHDEFINED
PUBLIC SVC ELEC GAS CO PFD744567405 1,972,410 28,380.00SHDEFINED
PUBLIC SVC ELEC GAS CO PFD744567504 496,000 6,200.00SHDEFINED
PUBLIC SVC ELEC GAS CO PFD744567603 793,133 9,670.00SHDEFINED
PUBLIC SVC ELEC GAS CO PFD744567702 1,091,200 12,400.00SHDEFINED
QUESTAR CORP COM748356102 5,156,563 284,500.00SHDEFINED
RAYTHEON CO COM755111408 5,478,600 110,400.00SHDEFINED
ROCHESTER GAS ELEC CORP PFD771367307 504,462 7,183.00SHDEFINED
ROCHESTER GAS ELEC CORP PFD771367406 162,720 2,000.00SHDEFINED
ROHM & HAAS CO COM775371107 18,962,013 524,900.00SHDEFINED
SBC COMMUNICATIONS INC COM78387G103 4,085,031 80,000.60SHDEFINED
SAFEWAY INC. COM786514208 12,370,313 325,000.00SHDEFINED
SAN DIEGO GAS ELEC CO PFD797440302 127,170 9,000.00SHDEFINED
SCHERING-PLOUGH COM806605101 6,543,750 150,000.00SHDEFINED
SCIENTIFIC ALTANTA CCOM808655104 9,912,500 200,000.00SHDEFINED
SIEBEL SYSTEMS COM826170102 6,995,625 105,000.00SHDEFINED
SOUTHWEST AIRLINES COM844741108 18,057,938 1,189,000.00SHDEFINED
SPRINT CORP COM852061100 25,389,000 468,000.00SHDEFINED
SUNMICROSYSTEMS INC COM866810104 18,879,000 203,000.00SHDEFINED
SYSCO CORPORATION COM871829107 23,698,744 675,900.00SHDEFINED
TEXACO INC COM881694103 19,032,188 301,500.00SHDEFINED
TEXAS INSTRS INC COM882508104 12,666,500 154,000.00SHDEFINED
TEXAS UTILITIES COMPANY COM882848104 13,992,188 375,000.00SHDEFINED
TEXAS UTILS ELEC CO PFD882850506 221,200 2,800.00SHDEFINED
TEXAS UTILS ELEC CO PFD882850712 343,330 4,940.00SHDEFINED
TEXAS UTILS ELEC CO PFD882850753 240,158 3,550.00SHDEFINED
TEXAS UTILS ELEC CO PFD882850845 539,063 6,250.00SHDEFINED
TEXAS UTILS ELEC CO PFD882850878 1,255,922 18,565.00SHDEFINED
TIME WARNER INC COM887315109 22,185,900 365,200.00SHDEFINED
TYCO INTERNATIONAL LTD COM902124106 37,531,272 363,499.00SHDEFINED
UNION ELEC CO PFD906548300 366,207 5,864.00SHDEFINED
UNION ELEC CO PFD906548409 203,680 3,040.00SHDEFINED
UNION ELEC CO PFD906548607 2,579,500 33,500.00SHDEFINED
UNISYS COM909214108 22,697,875 503,000.00SHDEFINED
UNITED FIRE CAS CO COM910331107 46,590,640 2,025,680.00SHDEFINED
US WEST INC COM91273H101 8,559,375 150,000.00SHDEFINED
UNITED TECHNOLOGIES CORPORATCOM913017109 15,717,813 265,000.00SHDEFINED
VIRGINIA ELEC PWR CO PFD927804302 1,509,321 21,485.00SHDEFINED
VIRGINIA ELEC PWR CO PFD927804500 1,774,835 21,684.00SHDEFINED
VIRGINIA ELEC PWR CO PFD927804633 4,327,200 40,000.00SHDEFINED
VODAFONE AIRTOUCH PLC-SP ADRCOM92857T107 25,058,850 105,400.00SHDEFINED
WAL-MART STORES, INCORPORATECOM931142103 31,533,938 663,000.00SHDEFINED
WALGREEN COMPANY COM931422109 2,803,938 110,500.00SHDEFINED
WARNER LAMBERT CO COM934488107 6,206,063 93,500.00SHDEFINED
WASHINGTON GAS LT CO PFD938837606 265,308 3,139.00SHDEFINED
WELLS FARGO COMPANY COM949746101 21,773,938 549,500.00SHDEFINED
WENDY'S INTL COM950590109 4,809,750 181,500.00SHDEFINED
PENNSYLVANIA AMERICA WATER CPFD9591882*3 21,357 242.00SHDEFINED
WESTERN PENN WATER CO PFD9591887*8 20,175 227.00SHDEFINED
WESTERN RES INC PFD959425307 705,968 8,153.00SHDEFINED
WILLAMETTE INDUSTRIES, INC. COM969133107 3,156,750 73,200.00SHDEFINED
WISCONSIN PWR LT CO PFD976826206 426,057 5,680.00SHDEFINED
WISCONSIN PWR LT CO PFD976826404 202,850 2,500.00SHDEFINED
WISCONSIN PWR LT CO PFD976826503 376,127 4,597.00SHDEFINED
WISCONSIN PWR LT CO PFD976826602 417,508 4,938.00SHDEFINED
WISCONSIN PUB SVC CORP PFD976843300 930,129 10,743.00SHDEFINED
WISCONSIN PUB SVC CORP PFD976843409 561,146 6,430.00SHDEFINED
WISCONSIN PUB SVC CORP PFD976843508 2,716,651 25,900.00SHDEFINED
XEROX CORP COM984121103 16,305,300 388,800.00SHDEFINED
FIXED INCOME UNITS COM990017790 12,844,094 818,199.41SHDEFINED
MUENCHENER RUECKVER AG-REG COMD55535104 90,706,437 447,294.00SHDEFINED
ACE LTD COMG0070K103 10,840,000 640,000.00SHDEFINED
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