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: Senior, Investment Accounting
Phone: 617-725-7057
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FORM 13F INFORMATION TABLE
SHINVSTMT
NAME OF ISSUER TITL CUSIP VALUE SHARES PRDSCRETN
ADC TELECOMMUNICATIONS COM 000886101 21,603,875.00 401,000.00SHDEFINED
AFLAC INCORPORATED COM 001055102 15,035,625.00 330,000.00SHDEFINED
AMFM INC COM 001693100 2,640,312.50 42,500.00SHDEFINED
AMS SERVICES INC COM 00179#101 22,756.85 1.00SHDEFINED
AT&T CORPORATION COM 001957109 31,436,453.13 558,250.00SHDEFINED
A T & T CORP LIBERTY MEDIA CL A COM 001957208 26,690,850.00 450,000.00SHDEFINED
AGILENT TECHNOLOGIES INC COM 00846U101 582,400.00 5,600.00SHDEFINED
ALABAMA PWR CO PFD 010392306 209,535.20 2,635.00SHDEFINED
ALABAMA PWR CO PFD 010392405 735,320.04 9,087.00SHDEFINED
ALABAMA PWR CO PFD 010392504 256,318.20 3,140.00SHDEFINED
ALABAMA PWR CO PFD 010392603 1,000,179.38 12,046.00SHDEFINED
ALABAMA PWR CO PFD 010392702 602,214.90 6,958.00SHDEFINED
ALUMINUM COMPANY OF AMERICA COM 013817101 12,539,625.00 178,500.00SHDEFINED
AMERICA ONLINE INC COM 02364J104 32,639,750.00 484,000.00SHDEFINED
AMERICAN EXPRESS COM 025816109 17,738,456.25 119,100.00SHDEFINED
AMERICAN GENERAL CORP COM 026351106 19,031,987.50 339,100.00SHDEFINED
AMERICAN INT'L. GROUP COM 026874107 36,277,350.00 331,300.00SHDEFINED
AMGEN INC COM 031162100 18,793,025.00 306,200.00SHDEFINED
ANHEUSER-BUSCH COS INC COM 035229103 16,608,300.00 266,800.00SHDEFINED
APPLIED MATERIALS COM 038222105 15,004,600.00 159,200.00SHDEFINED
ARCHSTONE COMMUNITIES TR PFD 039581202 53,750.00 2,000.00SHDEFINED
AUTOMATIC DATA PROCESSING, INC. COM 053015103 26,851,125.00 556,500.00SHDEFINED
BALTIMORE GAS ELEC CO PFD 059165688 3,579,250.00 34,750.00SHDEFINED
BALTIMORE GAS ELEC CO PFD 059165696 2,148,800.00 20,000.00SHDEFINED
BALTIMORE GAS ELEC CO PFD 059165761 3,120,000.00 30,000.00SHDEFINED
BANKAMERICA CORP. COM 060505104 21,897,900.00 417,600.00SHDEFINED
BANKERS TRUST - NY PFD 066365743 138,750.00 6,000.00SHDEFINED
BEAR STEARNS CO PFD 073902702 528,000.00 12,000.00SHDEFINED
BELL ATLANTIC CORP COM 077853109 9,969,487.50 163,100.00SHDEFINED
BESTFOODS COM 08658U101 19,520,812.50 417,000.00SHDEFINED
BIOGEN INC COM 090597105 8,217,300.00 117,600.00SHDEFINED
BLACK DECKER CORP COM 091797100 10,329,687.50 275,000.00SHDEFINED
BOSTON EDISON CO PFD 100599208 1,552,963.50 20,550.00SHDEFINED
BOSTON EDISON CO PFD 100599307 3,899,851.14 45,886.00SHDEFINED
BRISTOL MYERS SQUIBB CO. COM 110122108 22,689,600.00 391,200.00SHDEFINED
BURLINGTON RESOURCES, INC COM 122014103 13,723,300.00 370,900.00SHDEFINED
CBS CORP COM 12490K107 5,900,325.00 104,200.00SHDEFINED
CAMDEN PROPERTY TRUST PFD 133131201 44,375.00 2,000.00SHDEFINED
CANADIAN NAT'L RAILWAY CO COM 136375102 74,725.00 2,800.00SHDEFINED
CARNIVAL CORP COM 143658102 9,222,806.25 371,700.00SHDEFINED
CAROLINA PWR LT CO COM 144141108 3,243,750.00 100,000.00SHDEFINED
CAROLINA PWR LT CO PFD 144141207 782,810.00 10,600.00SHDEFINED
CAROLINA PWR LT CO PFD 144141405 1,262,520.68 13,198.00SHDEFINED
CLELESTICA COM 15101Q108 673,893.75 12,700.00SHDEFINED
CENTRAL ILL LT CO PFD 153645304 3,464,764.56 42,398.00SHDEFINED
CENTRAL ILL PUB SVC CO PFD 153663307 345,230.00 3,950.00SHDEFINED
CENTRAL ILL PUB SVC CO PFD 153663406 130,560.00 1,500.00SHDEFINED
CENTRAL ILL PUB SVC CO PFD 153663802 528,500.00 7,000.00SHDEFINED
CERTIFIED CAP CORP COM 15689*106 132,500.00 132,500.00SHDEFINED
CHASE MANHATTAN CORP COM 16161A108 20,401,875.00 234,000.00SHDEFINED
CHASE MANHATTAN CORP PFD 16161A405 136,500.00 6,000.00SHDEFINED
CHASE MANHATTAN CORP PFD 16161A785 91,000.00 1,000.00SHDEFINED
CHASE MANHATTAN-NEW PFD STK SERIES C PFD 16161A884 113,662.50 4,200.00SHDEFINED
CHEVRON CORPORATION COM 166751107 18,707,871.00 202,384.00SHDEFINED
CURCUIT CITY COM 172737108 29,341,750.00 482,000.00SHDEFINED
CISCO SYSTEMS COM 17275R102 90,347,387.50 1,168,600.00SHDEFINED
CITIGROUP COM 172967101 39,912,914.50 666,604.00SHDEFINED
CITIGROUP PFD 172967754 138,000.00 6,000.00SHDEFINED
CLEAR CHANNEL COM 184502102 8,978,125.00 130,000.00SHDEFINED
CLOROX COMPANY COM 189054109 7,920,000.00 240,000.00SHDEFINED
COASTAL CORP COM 190441105 22,857,600.00 476,200.00SHDEFINED
COLGATE-PALMOLIVE CO COM 194162103 21,185,725.00 375,800.00SHDEFINED
COMCAST CORP COM 200300200 15,528,250.00 358,000.00SHDEFINED
COMPUTER ASSOCIATES INTL COM 204912109 12,489,750.00 213,500.00SHDEFINED
CONOCO INC COM 208251306 19,466,062.50 790,500.00SHDEFINED
CONSOLIDATED EDISON CO N Y PFD 209111301 1,721,900.00 25,700.00SHDEFINED
CONSOLIDATED EDISON CO N Y PFD 209111400 7,288,958.80 88,180.00SHDEFINED
COSTCO COMPANIES INC COM 22160K105 23,116,987.50 439,800.00SHDEFINED
DEERE & COMPANY COM 244199105 7,600,000.00 200,000.00SHDEFINED
DELL COMPUTER CORP COM 247025109 1,623,518.75 30,100.00SHDEFINED
DELMARVA PWR LT CO PFD 247109200 1,809,130.00 28,250.00SHDEFINED
DELMARVA PWR LT CO PFD 247109408 828,343.80 11,394.00SHDEFINED
DELMARVA PWR LT CO PFD 247109507 1,574,200.00 21,250.00SHDEFINED
DELMARVA PWR LT CO PFD 247109606 647,226.00 8,200.00SHDEFINED
DELMARVA PWR LT CO PFD 247109705 2,521,169.82 29,133.00SHDEFINED
DEVON ENERGY CO PFD 25179M202 192,500.00 2,000.00SHDEFINED
WALT DISNEY COMPANY COM 254687106 3,547,500.00 86,000.00SHDEFINED
DOMINION RESOURCES COM 25746U109 1,921,875.00 50,000.00SHDEFINED
DU PONT E I DE NEMOURS CO PFD 263534208 2,215,400.00 41,800.00SHDEFINED
DU PONT E I DE NEMOURS CO PFD 263534307 6,123,800.00 91,400.00SHDEFINED
DUKE ENERGY CORP PFD 264399643 4,605,725.00 42,500.00SHDEFINED
DUKE ENERGY CORP PFD 264399668 755,790.00 7,000.00SHDEFINED
DUKE ENERGY CORP PFD 264399791 196,000.00 2,800.00SHDEFINED
DUQUESNE LT CO PFD 266228501 51,000.00 1,700.00SHDEFINED
DUQUESNE LT CO PFD 266228600 28,500.00 1,000.00SHDEFINED
DUQUESNE LT CO PFD 266228709 49,200.00 1,600.00SHDEFINED
EMC CORP COM 268648102 13,960,800.00 110,800.00SHDEFINED
EOG RESOURCES INC COM 26875P101 10,604,343.75 500,500.00SHDEFINED
ECOLAB INC COM 278865100 2,648,837.50 72,200.00SHDEFINED
EDISON INTERNATIONAL COM 281020107 1,656,250.00 100,000.00SHDEFINED
ENTERGY ARK INC PFD 29364D803 103,710.00 1,000.00SHDEFINED
ENTERGY ARK INC PFD 29364D852 104,250.00 1,000.00SHDEFINED
EOTT ENERGY PRTNS - LP COM 294103106 98,000.00 7,000.00SHDEFINED
EQUITY RESIDENTIAL PROPS PFD 29476L826 146,250.00 6,000.00SHDEFINED
ERICSSON COM 294821400 14,071,875.00 150,000.00SHDEFINED
EXXON MOBIL CORP COM 30231G102 49,129,695.68 630,373.00SHDEFINED
FEDERAL NATIONAL MTG ASSOCIATION COM 313586109 13,886,093.75 245,500.00SHDEFINED
FIRST UN CORP COM 337358105 1,862,500.00 50,000.00SHDEFINED
FIRSTAR CORP COM 33763V109 17,948,593.75 782,500.00SHDEFINED
FITCHBURG G& E PFD 3381353*5 230,000.00 2,500.00SHDEFINED
FLORIDA PWR LT CO PFD 341081206 2,230,543.82 29,002.00SHDEFINED
FLORIDA PWR LT CO PFD 341081305 2,419,778.25 32,775.00SHDEFINED
FLORIDA PWR & LT PFD 3410817*2 114,500.00 2,000.00SHDEFINED
FLORIDA PWR LT CO PFD 341081776 1,709,600.00 16,000.00SHDEFINED
FLORIDA PWR LT CO PFD 341081784 9,453,584.40 87,720.00SHDEFINED
FLORIDA PWR LT CO PFD 341081792 2,414,700.00 22,500.00SHDEFINED
FLORIDA PWR CORP PFD 341099307 3,749,657.50 49,750.00SHDEFINED
FLORIDA PWR CORP PFD 341099406 2,909,553.60 37,088.00SHDEFINED
FLORIDA PWR CORP PFD 341099505 1,700,682.15 21,585.00SHDEFINED
FORD MOTOR COMPANY COM 345370100 15,733,593.75 342,500.00SHDEFINED
FRESENIUS NATL MED CARE HLDG PFD 358030203 26,317.50 350,900.00SHDEFINED
GTE CORPORATION COM 362320103 26,916,100.00 379,100.00SHDEFINED
GANNETT COMPANY, INC. COM 364730101 18,191,937.50 258,500.00SHDEFINED
GATEWAY FUND COM 367829207 32,665.60 1,335.47SHDEFINED
GENERAL ELECTRIC COMPANY COM 369604103 95,351,437.50 612,700.00SHDEFINED
GENERAL ELEC CAP CORP PFD STK SERIES Y-PFD 369622683 400,000.00 4,000.00SHDEFINED
GUIDANT CORP COM 401698105 17,780,250.00 302,000.00SHDEFINED
GULF PWR CO PFD 402479406 786,335.00 8,500.00SHDEFINED
HSBC USA PFD 40428H706 127,500.00 6,000.00SHDEFINED
HALLIBURTON COMPANY COM 406216101 16,285,500.00 396,000.00SHDEFINED
JOHN HAN PATRIOT DIV FUND I COM 41013Q101 224,000.00 28,000.00SHDEFINED
JOHN HAN PATRIOT DIV FUND II COM 41013T105 619,750.00 67,000.00SHDEFINED
ITT HARTFORD CAPITAL PFD. STK. SERIES APFD 416315208 8,650,000.00 400,000.00SHDEFINED
HEALT CARE PPTYS COM 421915109 39,682.50 1,560.00SHDEFINED
HEALT RISK MGT INC COM 421935107 19,125.00 3,000.00SHDEFINED
HEWLETT-PACKARD COMPANY COM 428236103 27,440,437.50 207,000.00SHDEFINED
THE HOME DEPOT, INC. COM 437076102 27,299,625.00 423,250.00SHDEFINED
HONEYWELL INC. COM 438516106 21,322,631.24 404,700.00SHDEFINED
HOUGHTON MIFFLIN CO COM 441560109 18,490,018.75 435,700.00SHDEFINED
HOUSEHOLD INTERNATIONAL INC COM 441815107 13,059,375.00 350,000.00SHDEFINED
IDAHO PWR CO PFD 451380208 135,100.00 2,000.00SHDEFINED
ILLINOIS TOOL WORKS COM 452308109 15,116,400.00 273,600.00SHDEFINED
INGERSOLL-RAND COMPANY COM 456866102 13,573,687.50 306,750.00SHDEFINED
INTEL CORP COM 458140100 59,741,300.00 452,800.00SHDEFINED
INTERNATIONAL BUSINESS MACHINES CORP. COM 459200101 36,285,000.00 307,500.00SHDEFINED
INTERNATIONAL PAPER COMPANY COM 460146103 16,732,350.00 391,400.00SHDEFINED
INTERPUBLIC GROUP OF COS. INC COM 460690100 1,658,475.00 35,100.00SHDEFINED
IOMEGA CORP COM 462030107 76,250.00 20,000.00SHDEFINED
JOHNSON & JOHNSON COM 478160104 24,334,600.00 346,400.00SHDEFINED
KANSAS CITY PWR LT CO PFD 485134506 9,937.50 150.00SHDEFINED
KEYCORP COM 493267108 950,000.00 50,000.00SHDEFINED
KEYSPAN COM 49337W100 1,132,625.00 41,000.00SHDEFINED
LSI LOGIC CORP. COM 502161102 1,510,600.00 20,800.00SHDEFINED
L-3 COMMUNICATIONS HOLDINGS I COM 502424104 11,519,737.50 221,800.00SHDEFINED
LUCENT TECHNOLOGIES COM 549463107 27,900,000.00 450,000.00SHDEFINED
MBNA CORP COM 55262L100 12,750,000.00 500,000.00SHDEFINED
MCI WORLDCOM COM 55268B106 15,147,968.74 334,300.00SHDEFINED
MFS MULTIMARKET INC TRUST COM 552737108 58,125.00 10,000.00SHDEFINED
MFS INTERMEDIATE INC TRUST COM 55273C107 61,250.00 10,000.00SHDEFINED
MFS INTERMEDIATE INC TRUST COM 552939100 90,000.00 15,000.00SHDEFINED
MARCHFIRST INC COM 566244109 535,312.50 15,000.00SHDEFINED
MARSH & MCLENNAN COS. COM 571748102 18,278,781.25 165,700.00SHDEFINED
MAXIM INTERGRATED PRODUCTS COM 57772K101 319,781.25 4,500.00SHDEFINED
MCDONALD'S CORPORATION COM 580135101 19,621,875.00 525,000.00SHDEFINED
MEDIAONE GROUP COM 58440J104 19,440,000.00 240,000.00SHDEFINED
MEDIAONE GROUP PFD 584460208 548,625.00 22,000.00SHDEFINED
MEDTRONIC INC COM 585055106 15,431,250.00 300,000.00SHDEFINED
MELLON BK CORP COM 58551A108 18,677,050.00 627,800.00SHDEFINED
MERCK & CO. INC. COM 589331107 30,298,362.50 487,700.00SHDEFINED
MERRILL LYNCH & CO COM 590188108 861,000.00 8,200.00SHDEFINED
MICROSOFT CORP COM 594918104 98,833,750.00 930,200.00SHDEFINED
MIDAMERICAN ENERGY CO PFD 595620709 854,986.00 12,100.00SHDEFINED
MIDAMERICAN ENERGY CO PFD 595620808 573,034.00 7,700.00SHDEFINED
MIDAMERICAN ENERGY CO PFD 595620873 20,527.50 250.00SHDEFINED
MISSISSIPPI PWR CO PFD 605417500 362,635.00 3,500.00SHDEFINED
MONONGAHELA PWR CO PFD 610202301 198,737.22 2,371.00SHDEFINED
MONONGAHELA PWR CO PFD 610202400 358,430.00 4,910.00SHDEFINED
MONONGAHELA PWR CO PFD 610202509 1,610,195.28 15,447.00SHDEFINED
MONONGAHELA PWR CO PFD 610202848 2,746,250.00 25,000.00SHDEFINED
MORGAN STANLEY DEAN WITTER COM 617446448 9,945,000.00 120,000.00SHDEFINED
MOTOROLA, INC. COM 620076109 30,660,000.00 210,000.00SHDEFINED
NABORS INDUSTRIES INC COM 629568106 14,286,881.25 368,100.00SHDEFINED
NATL HEALTH INV INC COM 63633D104 21,606.87 1,810.00SHDEFINED
NATIONS BALANCED TARGET MAT COM 63857K107 255,000.00 30,000.00SHDEFINED
NORTEL NETWORKS CORP COM 656569100 30,630,600.00 243,100.00SHDEFINED
NORTHERN IND PUB SVC CO PFD 665262200 259,838.74 3,682.00SHDEFINED
NORTHERN IND PUB SVC CO PFD 665262507 2,291,287.25 30,449.00SHDEFINED
NORTHERN STS PWR CO MINN PFD 665772307 2,788,930.00 47,270.00SHDEFINED
NORTHERN STS PWR CO MINN PFD 665772406 3,508,800.00 58,480.00SHDEFINED
NORTHERN STS PWR CO MINN PFD 665772505 4,746,017.50 79,765.00SHDEFINED
NORTHERN STS PWR CO MINN PFD 665772604 2,718,915.00 44,210.00SHDEFINED
NORTHERN STS PWR CO MINN PFD 665772703 2,528,609.89 39,165.00SHDEFINED
NOVELL INC COM 670006105 8,587,500.00 300,000.00SHDEFINED
ORACLE SYSTEMS CORPORATION COM 68389X105 43,535,456.25 557,700.00SHDEFINED
PNC BK CORP COM 693475105 7,885,937.50 175,000.00SHDEFINED
PACIFIC ENTERPRISES PFD 694232505 283,250.00 4,400.00SHDEFINED
PACIFIC ENTERPRISES PFD 694232604 422,760.00 6,240.00SHDEFINED
PAULA FINANCIAL COM 703588103 1,456,510.00 423,712.00SHDEFINED
PEOPLES HERITAGE FINANCIAL GROUP INC COM 711147108 4,620,000.00 308,000.00SHDEFINED
PEPSICO INCORPORATED COM 713448108 6,263,550.00 179,600.00SHDEFINED
PFIZER INCORPORATED COM 717081103 23,008,781.25 629,300.00SHDEFINED
PHARMACIA UPJOHN INC COM 71713U102 22,818,250.00 383,500.00SHDEFINED
POTOMAC ELEC PWR CO COM 737679100 871,062.50 38,500.00SHDEFINED
POTOMAC ELEC PWR CO PFD 737679209 3,989,464.92 98,847.00SHDEFINED
POTOMAC ELEC PWR CO PFD 737679308 1,197,806.40 27,727.00SHDEFINED
POTOMAC ELEC PWR CO PFD 737679506 382,238.35 8,777.00SHDEFINED
PREFERRED INCOME OPPORT COM 74037H104 465,625.00 50,000.00SHDEFINED
PROCTER & GAMBLE COMPANY COM 742718109 768,400.00 13,600.00SHDEFINED
PUBLIC SVC ELEC GAS CO PFD 744567306 2,024,000.00 36,800.00SHDEFINED
PUBLIC SVC ELEC GAS CO PFD 744567405 1,603,470.00 28,380.00SHDEFINED
PUBLIC SVC ELEC GAS CO PFD 744567504 387,500.00 6,200.00SHDEFINED
PUBLIC SVC ELEC GAS CO PFD 744567603 676,900.00 9,670.00SHDEFINED
PUBLIC SVC ELEC GAS CO PFD 744567702 899,000.00 12,400.00SHDEFINED
PUBLIC SVC ELEC GAS CO PFD 744567728 77,000.00 4,000.00SHDEFINED
QUALCOMM INC. COM 747525103 1,149,706.25 7,700.00SHDEFINED
QWEST COMMUNICATIONS COM 749121109 7,200,000.00 150,000.00SHDEFINED
RJ REYNOLDS TOBACCO COM 76182K105 1,700,000.00 100,000.00SHDEFINED
ROCHESTER GAS ELEC CORP PFD 771367307 513,081.69 7,183.00SHDEFINED
ROCHESTER GAS ELEC CORP PFD 771367406 165,500.00 2,000.00SHDEFINED
ROHM & HAAS CO COM 775371107 20,076,787.50 449,900.00SHDEFINED
SBC COMMUNICATIONS INC COM 78387G103 26,053,006.62 618,469.00SHDEFINED
SAFECO COM 786429100 2,656,250.00 100,000.00SHDEFINED
SAN DIEGO GAS ELEC CO PFD 797440302 114,750.00 9,000.00SHDEFINED
SCHERING-PLOUGH COM 806605101 5,568,750.00 150,000.00SHDEFINED
SCIENTIFIC ALTANTA COM 808655104 14,547,500.00 230,000.00SHDEFINED
SEAGRAM LTD COM 811850106 17,850,000.00 300,000.00SHDEFINED
SIEBEL SYSTEMS COM 826170102 14,332,500.00 120,000.00SHDEFINED
SOLECTRON CORP COM 834182107 12,037,500.00 300,000.00SHDEFINED
SOUTH CAROLINA E&G 4.6 PFD 837004837 346,375.00 8,150.00SHDEFINED
SOUTHWEST AIRLINES COM 844741108 22,710,600.03 1,091,200.00SHDEFINED
SPRINT CORP COM 852061100 25,666,200.00 407,400.00SHDEFINED
STRYKER CORP COM 863667101 11,641,275.00 166,900.00SHDEFINED
SUNMICROSYSTEMS INC COM 866810104 27,558,089.05 294,100.00SHDEFINED
SYSCO CORPORATION COM 871829107 20,193,875.00 559,000.00SHDEFINED
TEXAS UTILS ELEC CO PFD 87316T862 376,971.40 4,940.00SHDEFINED
TEXAS UTILS ELEC CO PFD 87316T870 231,000.00 2,800.00SHDEFINED
ENSERCH CORP TXU PFD 873170302 138,375.00 6,000.00SHDEFINED
TENNESSEE VALLEY AUTHORITY NT PFD 880591201 94,000.00 4,000.00SHDEFINED
TEXACO INC COM 881694103 22,440,625.00 417,500.00SHDEFINED
TEXAS INSTRS INC COM 882508104 23,824,000.00 148,900.00SHDEFINED
TEXAS UTILITIES COMPANY COM 882848104 11,132,812.50 375,000.00SHDEFINED
TEXAS UTILS ELEC CO PFD 882850753 243,991.50 3,550.00SHDEFINED
TEXAS UTILS ELEC CO PFD 882850845 520,312.50 6,250.00SHDEFINED
TEXAS UTILS ELEC CO PFD 882850878 1,275,972.45 18,565.00SHDEFINED
TIME WARNER INC COM 887315109 32,120,000.00 321,200.00SHDEFINED
TORCH ENERGY ROYALTY TRUST COM 891013104 10,000.00 2,500.00SHDEFINED
TRAVELERS PPTY CAS CORP COM 893939108 8,250.00 200.00SHDEFINED
TYCO INTERNATIONAL LTD COM 902124106 15,944,762.50 318,100.00SHDEFINED
USX CORP COM 90337T101 340,000.00 13,600.00SHDEFINED
UNICOM CORP COM 904911104 1,825,000.00 50,000.00SHDEFINED
UNION ELEC CO PFD 906548300 372,305.36 5,864.00SHDEFINED
UNION ELEC CO PFD 906548409 174,800.00 3,040.00SHDEFINED
UNION ELEC CO PFD 906548607 2,311,500.00 33,500.00SHDEFINED
UNITED FIRE CAS CO COM 910331107 38,994,340.00 2,025,680.00SHDEFINED
UNITED PARCEL SERVICE COM 911312106 16,100,244.00 255,600.00SHDEFINED
US WEST INC COM 91273H101 10,893,750.00 150,000.00SHDEFINED
UNITED TECHNOLOGIES CORPORATION COM 913017109 16,744,687.50 265,000.00SHDEFINED
VIRGINIA ELEC PWR CO PFD 927804302 1,534,888.40 21,485.00SHDEFINED
VIRGINIA ELEC PWR CO PFD 927804500 1,804,759.32 21,684.00SHDEFINED
VIRGINIA ELEC PWR CO PFD 927804633 4,322,400.00 40,000.00SHDEFINED
VODAFONE AIRTOUCH PLC-SP ADR COM 92857T107 22,447,250.00 404,000.00SHDEFINED
VOICESTREAM WIRELESS CORP COM 928615103 708,468.75 5,500.00SHDEFINED
WAL-MART STORES, INCORPORATED COM 931142103 32,402,750.00 573,500.00SHDEFINED
WALGREEN COMPANY COM 931422109 579,375.00 22,500.00SHDEFINED
WARNER LAMBERT CO COM 934488107 14,555,437.50 149,000.00SHDEFINED
WASHINGTON GAS LT CO PFD 938837606 269,734.27 3,139.00SHDEFINED
WASHINGTON GAS LT CO PFD 938837606 76,875.00 1,000.00SHDEFINED
WELLS FARGO COMPANY COM 949746101 22,025,375.00 540,500.00SHDEFINED
WESTERN GAS RESOUSCESW PFD 958259202 84,000.00 4,000.00SHDEFINED
WESTERN GAS RESOUSCESW PFD 958259301 84,375.00 3,000.00SHDEFINED
PENNSYLVANIA AMERICA WATER CO PFD 9591882*3 21,356.50 242.00SHDEFINED
WESTERN PENN WATER CO PFD 9591887*8 20,174.62 227.00SHDEFINED
WESTERN RES INC PFD 959425307 718,279.30 8,153.00SHDEFINED
WESTVACO CORP COM 961548104 6,675,000.00 200,000.00SHDEFINED
WILLIAMS COAL SEAM COM 969450105 64,968.75 9,900.00SHDEFINED
WISCONSIN PWR LT CO PFD 976826206 433,384.00 5,680.00SHDEFINED
WISCONSIN PWR LT CO PFD 976826404 206,375.00 2,500.00SHDEFINED
WISCONSIN PWR LT CO PFD 976826503 382,654.28 4,597.00SHDEFINED
WISCONSIN PWR LT CO PFD 976826602 424,766.76 4,938.00SHDEFINED
WISCONSIN PUB SVC CORP PFD 976843300 945,491.43 10,743.00SHDEFINED
WISCONSIN PUB SVC CORP PFD 976843409 570,405.30 6,430.00SHDEFINED
WISCONSIN PUB SVC CORP PFD 976843508 2,715,356.00 25,900.00SHDEFINED
FIXED INCOME UNITS COM 990017790 13,056,826.18 818,199.41SHDEFINED
MUENCHENER RUECKVER AG-REG COM D55535104 143,693,018.58 447,294.00SHDEFINED
TRANSOCEAN SEDCO FOREX, INC. COM G90078109 16,625,250.00 324,000.00SHDEFINED
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