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
<TABLE>
<S>
<C>
FORM 13F INFORMATION TABLE
SH/INVSTMT
NAME OF ISSUER TITLE CUSIP VALUE SHARES PRNDSCRETN
ADC TELECOMMUNICATIONS COM 000886101 6,624,956 91,300.00SH DEFINED
AFLAC INCORPORATED COM 001055102 11,065,469 234,500.00SH DEFINED
AMFM INC COM 001693100 3,325,625 42,500.00SH DEFINED
AMS SERVICES INC COM 00179#101 22,757 1.00SH DEFINED
AT&T CORPORATION COM 001957109 21,595,313 425,000.00SH DEFINED
A T & T CORP LIBERTY MEDIA CL A COM 001957208 25,565,625 450,000.00SH DEFINED
AGILENT TECHNOLOGIES INC COM 00846U101 9,857,344 127,500.00SH DEFINED
ALABAMA PWR CO PFD 010392306 200,734 2,635.00SH DEFINED
ALABAMA PWR CO PFD 010392405 704,515 9,087.00SH DEFINED
ALABAMA PWR CO PFD 010392504 245,579 3,140.00SH DEFINED
ALABAMA PWR CO PFD 010392603 958,380 12,046.00SH DEFINED
ALABAMA PWR CO PFD 010392702 577,027 6,958.00SH DEFINED
ALUMINUM COMPANY OF AMERICA COM 013817101 12,450,000 150,000.00SH DEFINED
ALLMERICA FINANCIAL CORP. IPO COM 019754100 984,563 17,700.00SH DEFINED
AMERICA ONLINE INC COM 02364J104 15,023,250 198,000.00SH DEFINED
AMERICAN EXPRESS COM 025816109 19,800,375 119,100.00SH DEFINED
AMERICAN GENERAL CORP COM 026351106 25,729,213 339,100.00SH DEFINED
AMERICAN INT'L. GROUP COM 026874107 35,140,625 325,000.00SH DEFINED
AMGEN INC COM 031162100 26,835,925 446,800.00SH DEFINED
ANHEUSER-BUSCH COS INC COM 035229103 19,143,338 270,100.00SH DEFINED
ATLANTIC RICHFIELD CO COM 048825103 2,595,000 30,000.00SH DEFINED
AUTOMATIC DATA PROCESSING, INC. COM 053015103 30,374,725 563,800.00SH DEFINED
BP AMOCO PLC -SPONS ADR COM 055622104 14,106,648 237,834.00SH DEFINED
BMC SOFTWARE INC COM 055921100 11,990,625 150,000.00SH DEFINED
BALTIMORE GAS ELEC CO PFD 059165688 3,728,189 34,750.00SH DEFINED
BALTIMORE GAS ELEC CO PFD 059165696 2,134,000 20,000.00SH DEFINED
BALTIMORE GAS ELEC CO PFD 059165761 3,276,120 30,000.00SH DEFINED
BANKAMERICA CORP. COM 060505104 15,056,250 300,000.00SH DEFINED
BELL ATLANTIC CORP COM 077853109 16,215,563 263,400.00SH DEFINED
BESTFOODS COM 08658U101 21,918,563 417,000.00SH DEFINED
BIOGEN INC COM 090597105 9,295,000 110,000.00SH DEFINED
BLACK DECKER CORP COM 091797100 14,368,750 275,000.00SH DEFINED
BOSTON EDISON CO PFD 100599208 1,488,848 20,550.00SH DEFINED
BOSTON EDISON CO PFD 100599307 3,738,791 45,886.00SH DEFINED
BRISTOL MYERS SQUIBB CO. COM 110122108 24,834,144 386,900.00SH DEFINED
BURLINGTON RESOURCES, INC COM 122014103 16,911,469 511,500.00SH DEFINED
CBS CORP COM 12490K107 3,465,413 54,200.00SH DEFINED
CANADIAN NAT'L RAILWAY CO COM 136375102 4,677,250 176,500.00SH DEFINED
CARNIVAL CORP COM 143658102 17,771,906 371,700.00SH DEFINED
CAROLINA PWR LT CO PFD 144141207 751,010 10,600.00SH DEFINED
CAROLINA PWR LT CO PFD 144141405 1,211,180 13,198.00SH DEFINED
CENTRAL ILL LT CO PFD 153645304 3,319,763 42,398.00SH DEFINED
CENTRAL ILL PUB SVC CO PFD 153663307 333,736 3,950.00SH DEFINED
CENTRAL ILL PUB SVC CO PFD 153663406 126,210 1,500.00SH DEFINED
CENTRAL ILL PUB SVC CO PFD 153663802 510,860 7,000.00SH DEFINED
CERTIFIED CAP CORP COM 15689*106 132,500 132,500.00SH DEFINED
CHASE MANHATTAN CORP COM 16161A108 18,140,031 233,500.00SH DEFINED
CHASE MANHATTAN-NEW PFD STK SERIES C PFD 16161A884 114,450 4,200.00SH DEFINED
CHEVRON CORPORATION COM 166751107 17,540,176 202,484.00SH DEFINED
CURCUIT CITY COM 172737108 21,720,125 482,000.00SH DEFINED
CISCO SYSTEMS COM 17275R102 61,650,438 575,500.00SH DEFINED
CITIGROUP COM 172967101 37,060,254 665,504.00SH DEFINED
CLEAR CHANNEL COM 184502102 11,602,500 130,000.00SH DEFINED
COASTAL CORP COM 190441105 16,885,969 476,500.00SH DEFINED
COMCAST CORP COM 200300200 19,466,563 385,000.00SH DEFINED
COMPUTER ASSOCIATES INTL COM 204912109 13,987,500 200,000.00SH DEFINED
COMPUTER SCIENCES CORP. COM 205363104 18,764,138 198,300.00SH DEFINED
CONOCO INC COM 208251306 19,564,875 790,500.00SH DEFINED
CONSOLIDATED EDISON CO N Y PFD 209111301 1,799,000 25,700.00SH DEFINED
CONSOLIDATED EDISON CO N Y PFD 209111400 6,987,383 88,180.00SH DEFINED
COSTCO COMPANIES INC COM 22160K105 20,065,875 219,900.00SH DEFINED
DEERE & COMPANY COM 244199105 8,675,000 200,000.00SH DEFINED
DELMARVA PWR LT CO PFD 247109200 1,734,833 28,250.00SH DEFINED
DELMARVA PWR LT CO PFD 247109408 794,162 11,394.00SH DEFINED
DELMARVA PWR LT CO PFD 247109507 1,509,388 21,250.00SH DEFINED
DELMARVA PWR LT CO PFD 247109606 620,576 8,200.00SH DEFINED
DELMARVA PWR LT CO PFD 247109705 2,417,456 29,133.00SH DEFINED
DIAMOND OFFSHORE DRILLING INC COM 25271C102 7,640,625 250,000.00SH DEFINED
WALT DISNEY COMPANY COM 254687106 2,515,500 86,000.00SH DEFINED
DU PONT E I DE NEMOURS CO PFD 263534208 2,393,050 41,800.00SH DEFINED
DU PONT E I DE NEMOURS CO PFD 263534307 6,557,950 91,400.00SH DEFINED
DUKE ENERGY CORP PFD 264399643 4,584,050 42,500.00SH DEFINED
DUKE ENERGY CORP PFD 264399668 752,570 7,000.00SH DEFINED
DUKE ENERGY CORP PFD 264399791 196,000 2,800.00SH DEFINED
DUQUESNE LT CO PFD 266228501 48,875 1,700.00SH DEFINED
DUQUESNE LT CO PFD 266228600 28,500 1,000.00SH DEFINED
DUQUESNE LT CO PFD 266228709 44,800 1,600.00SH DEFINED
EMC CORP COM 268648102 10,925,000 100,000.00SH DEFINED
EOG RESOURCES INC COM 26875P101 8,921,750 508,000.00SH DEFINED
ECOLAB INC COM 278865100 3,356,925 85,800.00SH DEFINED
EMERSON ELECTRIC COMPANY COM 291011104 1,158,975 20,200.00SH DEFINED
ENTERGY ARK INC PFD 29364D803 103,710 1,000.00SH DEFINED
EQUITABLE RESOURCES, INC. COM 294549100 2,386,313 71,500.00SH DEFINED
EXXON MOBIL CORP COM 30231G102 50,932,579 632,212.00SH DEFINED
FEDERAL NATIONAL MTG ASSOCIATION COM 313586109 15,328,406 245,500.00SH DEFINED
FEDERATED DEPT STORES COM 31410H101 16,180,000 320,000.00SH DEFINED
FIRSTAR CORP COM 33763V109 17,385,875 823,000.00SH DEFINED
FLORIDA PWR LT CO PFD 341081206 2,142,958 29,002.00SH DEFINED
FLORIDA PWR LT CO PFD 341081305 2,325,059 32,775.00SH DEFINED
FLORIDA PWR & LT PFD 3410817*2 211,000 2,000.00SH DEFINED
FLORIDA PWR LT CO PFD 341081776 1,700,320 16,000.00SH DEFINED
FLORIDA PWR LT CO PFD 341081784 9,412,356 87,720.00SH DEFINED
FLORIDA PWR LT CO PFD 341081792 2,404,800 22,500.00SH DEFINED
FLORIDA PWR CORP PFD 341099307 3,598,915 49,750.00SH DEFINED
FLORIDA PWR CORP PFD 341099406 2,792,356 37,088.00SH DEFINED
FLORIDA PWR CORP PFD 341099505 1,632,258 21,585.00SH DEFINED
FORD MOTOR COMPANY COM 345370100 18,259,531 342,500.00SH DEFINED
FRESENIUS NATL MED CARE HLDG PFD 358030203 3,509 350,900.00SH DEFINED
GTE CALIF INC PFD 362311300 441,141 32,083.00SH DEFINED
GTE CALIF INC PFD 362311409 1,567,184 97,949.00SH DEFINED
GTE CORPORATION COM 362320103 27,279,463 386,600.00SH DEFINED
GANNETT COMPANY, INC. COM 364730101 22,486,781 275,700.00SH DEFINED
GENERAL ELECTRIC COMPANY COM 369604103 92,958,325 600,700.00SH DEFINED
GENERAL ELEC CAP CORP PFD STK SERIES Y-1PFD 369622683 400,000 4,000.00SH DEFINED
GILLETTE COMPANY COM 375766102 1,828,725 44,400.00SH DEFINED
GUIDANT CORP COM 401698105 14,659,300 311,900.00SH DEFINED
GULF PWR CO PFD 402479406 754,630 8,500.00SH DEFINED
HALLIBURTON COMPANY COM 406216101 19,493,075 484,300.00SH DEFINED
ITT HARTFORD CAPITAL PFD. STK. SERIES A PFD 416315208 8,450,000 400,000.00SH DEFINED
HEWLETT-PACKARD COMPANY COM 428236103 15,583,750 137,000.00SH DEFINED
THE HOME DEPOT, INC. COM 437076102 29,132,813 423,750.00SH DEFINED
HONEYWELL INC. COMMON STKCOM 438516106 23,346,131 404,700.00SH DEFINED
HOUGHTON MIFFLIN CO COM 441560109 18,393,750 436,000.00SH DEFINED
HOUSEHOLD INTERNATIONAL INC COM 441815107 13,037,500 350,000.00SH DEFINED
IDAHO PWR CO PFD 451380208 129,840 2,000.00SH DEFINED
ILLINOIS TOOL WORKS COM 452308109 18,485,100 273,600.00SH DEFINED
INGERSOLL-RAND COMPANY COM 456866102 16,890,422 306,750.00SH DEFINED
INTEL CORP COM 458140100 48,012,881 583,300.00SH DEFINED
INTERNATIONAL BUSINESS MACHINES CORP. COM 459200101 38,781,063 359,500.00SH DEFINED
INTERNATIONAL PAPER COMPANY COM 460146103 21,446,250 380,000.00SH DEFINED
INTERPUBLIC GROUP OF COS. INC COM 460690100 24,753,706 429,100.00SH DEFINED
JOHNSON & JOHNSON COM 478160104 31,826,225 341,300.00SH DEFINED
KANSAS CITY PWR LT CO PFD 485134506 11,447 150.00SH DEFINED
KEYSPAN COM 49337W100 2,265,419 97,700.00SH DEFINED
LSI LOGIC CORP. COMMON STKCOM 502161102 2,760,750 40,900.00SH DEFINED
L-3 COMMUNICATIONS HOLDINGS I COMMON STKCOM 502424104 9,232,425 221,800.00SH DEFINED
ELI LILLY COM 532457108 19,950,000 300,000.00SH DEFINED
LUCENT TECHNOLOGIES COM 549463107 34,623,750 461,650.00SH DEFINED
MBNA CORP COM 55262L100 13,625,000 500,000.00SH DEFINED
MCI WORLDCOM COM 55268B106 25,167,544 474,300.00SH DEFINED
MARSH & MCLENNAN COS. COM 571748102 4,688,688 49,000.00SH DEFINED
MASCO CORPORATION COM 574599106 15,225,000 600,000.00SH DEFINED
MCDONALD'S CORPORATION COM 580135101 21,164,063 525,000.00SH DEFINED
MEAD CORP COM 582834107 1,259,688 29,000.00SH DEFINED
MEDIAONE GROUP COM 58440J104 18,435,000 240,000.00SH DEFINED
MEDTRONIC INC COM 585055106 10,931,250 300,000.00SH DEFINED
MELLON BK CORP COM 58551A108 21,384,438 627,800.00SH DEFINED
MERCK & CO. INC. COM 589331107 32,236,563 479,800.00SH DEFINED
MICROSOFT CORP COM 594918104 106,581,075 912,900.00SH DEFINED
MIDAMERICAN ENERGY CO PFD 595620709 821,227 12,100.00SH DEFINED
MIDAMERICAN ENERGY CO PFD 595620808 550,011 7,700.00SH DEFINED
MIDAMERICAN ENERGY CO PFD 595620873 19,705 250.00SH DEFINED
MISSISSIPPI PWR CO PFD 605417500 362,635 3,500.00SH DEFINED
MONONGAHELA PWR CO PFD 610202301 190,652 2,371.00SH DEFINED
MONONGAHELA PWR CO PFD 610202400 368,250 4,910.00SH DEFINED
MONONGAHELA PWR CO PFD 610202509 1,610,504 15,447.00SH DEFINED
MONONGAHELA PWR CO PFD 610202848 2,730,500 25,000.00SH DEFINED
MONTANA PWR CO COM 612085100 9,015,625 250,000.00SH DEFINED
MORGAN STANLEY DEAN WITTER COM 617446448 12,133,750 85,000.00SH DEFINED
MOTOROLA, INC. COM 620076109 30,922,500 210,000.00SH DEFINED
NORTEL NETWORKS CORP COM 656569100 25,744,900 254,900.00SH DEFINED
NORTHERN IND PUB SVC CO PFD 665262200 249,492 3,682.00SH DEFINED
NORTHERN IND PUB SVC CO PFD 665262507 2,199,940 30,449.00SH DEFINED
NORTHERN STS PWR CO MINN PFD 665772307 2,936,885 47,270.00SH DEFINED
NORTHERN STS PWR CO MINN PFD 665772406 3,713,480 58,480.00SH DEFINED
NORTHERN STS PWR CO MINN PFD 665772505 4,985,313 79,765.00SH DEFINED
NORTHERN STS PWR CO MINN PFD 665772604 2,802,030 44,210.00SH DEFINED
NORTHERN STS PWR CO MINN PFD 665772703 2,741,550 39,165.00SH DEFINED
ORACLE SYSTEMS CORPORATION COM 68389X105 31,489,563 281,000.00SH DEFINED
PNC BK CORP COM 693475105 7,787,500 175,000.00SH DEFINED
PACIFIC ENTERPRISES PFD 694232505 305,800 4,400.00SH DEFINED
PACIFIC ENTERPRISES PFD 694232604 433,680 6,240.00SH DEFINED
PAULA FINANCIAL COM 703588103 2,568,966 423,712.00SH DEFINED
PEOPLES HERITAGE FINANCIAL GROUP INC COM 711147108 5,362,250 356,000.00SH DEFINED
PEPSICO INCORPORATED COM 713448108 6,330,900 179,600.00SH DEFINED
PHARMACIA UPJOHN INC COM 716941109 18,220,500 404,900.00SH DEFINED
POTOMAC ELEC PWR CO COM 737679100 17,627,469 768,500.00SH DEFINED
POTOMAC ELEC PWR CO PFD 737679209 3,823,402 98,847.00SH DEFINED
POTOMAC ELEC PWR CO PFD 737679308 1,147,898 27,727.00SH DEFINED
POTOMAC ELEC PWR CO PFD 737679506 366,352 8,777.00SH DEFINED
PROCTER & GAMBLE COMPANY COM 742718109 31,784,081 290,100.00SH DEFINED
PUBLIC SVC ELEC GAS CO PFD 744567306 2,465,600 36,800.00SH DEFINED
PUBLIC SVC ELEC GAS CO PFD 744567405 1,972,410 28,380.00SH DEFINED
PUBLIC SVC ELEC GAS CO PFD 744567504 446,400 6,200.00SH DEFINED
PUBLIC SVC ELEC GAS CO PFD 744567603 754,260 9,670.00SH DEFINED
PUBLIC SVC ELEC GAS CO PFD 744567702 917,600 12,400.00SH DEFINED
QUESTAR CORP COM 748356102 2,167,500 144,500.00SH DEFINED
ROCHESTER GAS ELEC CORP PFD 771367307 492,036 7,183.00SH DEFINED
ROCHESTER GAS ELEC CORP PFD 771367406 158,740 2,000.00SH DEFINED
ROHM & HAAS CO COM 775371107 18,305,306 449,900.00SH DEFINED
SBC COMMUNICATIONS INC COM 78387G103 30,150,442 618,470.60SH DEFINED
SAN DIEGO GAS ELEC CO PFD 797440302 117,000 9,000.00SH DEFINED
SCHERING-PLOUGH COM 806605101 6,356,250 150,000.00SH DEFINED
SCIENTIFIC ALTANTA CO COMMON STKCOM 808655104 9,778,125 175,000.00SH DEFINED
SEAGRAM LTD COM 811850106 8,950,000 200,000.00SH DEFINED
SIEBEL SYSTEMS COM 826170102 13,440,000 160,000.00SH DEFINED
SOUTHWEST AIRLINES COM 844741108 17,890,687 1,109,500.00SH DEFINED
SPRINT CORP COM 852061100 27,463,500 408,000.00SH DEFINED
STRYKER CORP COMMON STKCOM 863667101 2,847,663 40,900.00SH DEFINED
SUNMICROSYSTEMS INC COM 866810104 23,657,156 305,500.00SH DEFINED
SYSCO CORPORATION COM 871829107 22,708,875 574,000.00SH DEFINED
TEXAS UTILS ELEC CO PREFER STKPFD 87316T862 361,855 4,940.00SH DEFINED
TEXAS UTILS ELEC CO PREFER STKPFD 87316T870 221,732 2,800.00SH DEFINED
TEXACO INC COM 881694103 12,681,969 233,500.00SH DEFINED
TEXAS INSTRS INC COM 882508104 14,445,438 149,500.00SH DEFINED
TEXAS UTILITIES COMPANY COM 882848104 13,335,938 375,000.00SH DEFINED
TEXAS UTILS ELEC CO PFD 882850753 234,371 3,550.00SH DEFINED
TEXAS UTILS ELEC CO PFD 882850845 520,313 6,250.00SH DEFINED
TEXAS UTILS ELEC CO PFD 882850878 1,225,661 18,565.00SH DEFINED
TIME WARNER INC COM 887315109 23,226,775 321,200.00SH DEFINED
TYCO INTERNATIONAL LTD COM 902124106 11,700,000 300,000.00SH DEFINED
UNION ELEC CO PFD 906548300 357,411 5,864.00SH DEFINED
UNION ELEC CO PFD 906548409 188,480 3,040.00SH DEFINED
UNION ELEC CO PFD 906548607 2,366,105 33,500.00SH DEFINED
UNISYS COM 909214108 8,083,381 253,100.00SH DEFINED
UNITED FIRE CAS CO COM 910331107 45,831,010 2,025,680.00SH DEFINED
UNITED PARCEL SERVICE COMMON STKCOM 911312106 12,806,400 185,600.00SH DEFINED
US WEST INC COM 91273H101 10,800,000 150,000.00SH DEFINED
UNITED TECHNOLOGIES CORPORATION COM 913017109 17,225,000 265,000.00SH DEFINED
VIRGINIA ELEC PWR CO PFD 927804302 1,473,226 21,485.00SH DEFINED
VIRGINIA ELEC PWR CO PFD 927804500 1,732,335 21,684.00SH DEFINED
VIRGINIA ELEC PWR CO PFD 927804633 4,300,800 40,000.00SH DEFINED
VODAFONE AIRTOUCH PLC-SP ADR COM 92857T107 19,998,000 404,000.00SH DEFINED
WAL-MART STORES, INCORPORATED COM 931142103 39,608,625 573,000.00SH DEFINED
WALGREEN COMPANY COM 931422109 1,038,375 35,500.00SH DEFINED
WARNER LAMBERT CO COM 934488107 12,208,688 149,000.00SH DEFINED
WASHINGTON GAS LT CO PFD 938837606 258,968 3,139.00SH DEFINED
WELLS FARGO COMPANY COM 949746101 21,856,469 540,500.00SH DEFINED
WENDY'S INTL COM 950590109 780,469 37,500.00SH DEFINED
PENNSYLVANIA AMERICA WATER CO PFD 9591882*3 21,357 242.00SH DEFINED
WESTERN PENN WATER CO PFD 9591887*8 20,175 227.00SH DEFINED
WESTERN RES INC PFD 959425307 688,195 8,153.00SH DEFINED
WISCONSIN PWR LT CO PFD 976826206 415,549 5,680.00SH DEFINED
WISCONSIN PWR LT CO PFD 976826404 197,850 2,500.00SH DEFINED
WISCONSIN PWR LT CO PFD 976826503 366,887 4,597.00SH DEFINED
WISCONSIN PWR LT CO PFD 976826602 407,237 4,938.00SH DEFINED
WISCONSIN PUB SVC CORP PFD 976843300 907,354 10,743.00SH DEFINED
WISCONSIN PUB SVC CORP PFD 976843409 547,386 6,430.00SH DEFINED
WISCONSIN PUB SVC CORP PFD 976843508 2,716,651 25,900.00SH DEFINED
FIXED INCOME UNITS COM 990017790 12,855,549 818,199.41SH DEFINED
MUENCHENER RUECKVER AG-REG COM D55535104 113,394,504 447,294.00SH DEFINED
SANTA FE INTERNATIONAL CORP COMMON STKCOM G7805C108 2,445,188 94,500.00SH DEFINED
</TABLE>
