UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
REPORT FOR THE CALENDAR YEAR OR QUARTER ENDED: MARCH 31, 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: MEYER HANDELMAN COMPANY
ADDRESS: ROYAL EXECUTIVE PARK
4 INTERNATIONAL DRIVE
RYE BROOK, N Y 10573-1056
13F FILE NUMBER: 80100661
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: WILLIAM HANDELMAN
TITLE: PARTNER
PHONE: 914-939-4060
SIGNATURE, PLACE, AND DATE OF SIGNING:
WILLIAM R. HANDELMAN RYE BROOK, NEW YORK MAY 4, 1999
REPORT TYPE (CHECK ONLY ONE.):
{ X} 13F HOLDINGS REPORT.
{ } 13F NOTICE.
{ } 13F COMBINATION REPORT.
LIST OF OTHER MANAGERS REPORTING FOR THIS MANAGER:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 30,381,704
FORM 13F INFORMATION TABLE VALUE TOTAL: $1,695,740
LIST OF OTHER INCLUDED MANAGERS:
NO. 13F FILE NUMBER NAME
<PAGE>
<TABLE> <C>
<C>
FORM 13F
INFORMATION TABLE
VALUE SHARES/ SH/
PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN
CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- ---
- ---- ------- ------------ -------- -------- --------
AAR CORP COM 000361105 270 15000 SH
SOLE 15000
A T & T CORP COM 001957109 7990 99879 SH
OTHER 81879 18000
ABBOTT LABORATORIES INC COM 002824100 874 18600 SH
OTHER 15200 3400
ACNIELSEN CORP COM 004833109 200 7421 SH
OTHER 6489 932
AEROQUIP-VICKERS INC COM 007869100 1479 25950 SH
SOLE 25950
AETNA INC COM 008117103 208 2500 SH
SOLE 2500
AIR PRODUCTS & CHEMICALS COM 009158106 340 10000 SH
SOLE 10000
AIRTOUCH COMMUNICATIONS COM 00949T100 535 5520 SH
SOLE 5520
ALBEMARLE CORP COM 012653101 207 9877 SH
SOLE 9877
ALCOA INC COM 013817101 8077 197000 SH
OTHER 157000 40000
ALLEGHENY TELEDYNE INC COM 017415100 453 23829 SH
SOLE 23829
ALLIEDSIGNAL INC COM 019512102 22498 459144 SH
OTHER 403144 56000
ALLSTATE CORP COM 020002101 10070 272158 SH
OTHER 229878 42280
AMERADA HESS CORP COM 023551104 629 12327 SH
OTHER 6327 6000
AMERICAN BILTRITE INC COM 024591110 684 36000 SH
SOLE 36000
AMERICAN ELECTRIC POWER CO COM 025537101 934 23352 SH
SOLE 23352
AMERICAN EXPRESS CO COM 025816109 2179 18462 SH
OTHER 14962 3500
AMERICAN GENERAL CORP COM 026351106 18699 267124 SH
OTHER 221201 45923
AMERICAN GREETINGS CORP CL A COM 026375105 2845 113800 SH
OTHER 111800 2000
AMERICAN HOME PRODUCTS CORP COM 026609107 53005 815460 SH
OTHER 761860 53600
AMERICAN INTL GROUP INC COM 026874107 7442 61505 SH
OTHER 7593 53912
AMERICAN MANAGEMENT SYSTEMS IN COM 027352103 660 19400 SH
SOLE 19400
AMP, INC COM 031897101 20866 393690 SH
OTHER 364090 29600
ANHEUSER-BUSCH COMPANIES INC COM 035229103 21391 281454 SH
OTHER 222654 58800
AON CORP COM 037389103 848 13468 SH
OTHER 3609 9859
ARGONAUT GROUP INC COM 040157109 220 8460 SH
SOLE 8460
ARMSTRONG WORLD INDUSTRIES INC COM 042476101 2634 58540 SH
SOLE 58540
ATLANTIC RICHFIELD CO COM 048825103 10256 140497 SH
OTHER 121897 18600
AUTOLIV INC COM 052800109 1313 34554 SH
SOLE 34554
AUTOMATIC DATA PROCESSING, INC COM 053015103 874 21320 SH
SOLE 21320
AUTOZONE INC COM 053332102 357 11900 SH
SOLE 11900
AVERY DENNISON CORP COM 053611109 10723 188128 SH
OTHER 136128 52000
BHC COMMUNICATIONS, INC COM 055448104 640 5200 SH
SOLE 5200
BP AMOCO PLC - SPONS ADR COM 055622104 24299 240584 SH
OTHER 217030 23554
BANKAMERICA CORP. COM 06605F102 403 5680 SH
OTHER 3680 2000
BARD - C. R. - INC COM 067383109 2300 46000 SH
OTHER 6000 40000
BAXTER INTERNATIONAL INC. COM 071813109 12966 196462 SH
OTHER 161962 34500
BELL ATLANTIC COM 077853109 7182 138107 SH
OTHER 102507 35600
BELLSOUTH CORP COM 079860102 302 7540 SH
SOLE 7540
BESTFOODS INC. COM 08658U101 8221 174919 SH
OTHER 170519 4400
BLACK & DECKER CORP. COM 091797100 12973 235872 SH
OTHER 206000 29872
BOEING CO COM 097023105 3651 107386 SH
OTHER 71386 36000
BRISTOL-MYERS SQUIBB CO COM 110122108 73199 1143728 SH
OTHER 1047216 96512
BRUSH WELLMAN,INC. COM 117421107 625 44616 SH
SOLE 44616
BURLINGTON NORTHERN SANTA FE COM 12189T104 228 6900 SH
NONE 6900
BURLINGTON RESOURCES INC COM 122014103 1543 38581 SH
OTHER 35581 3000
CBS INC COM 12490K107 4447 108468 SH
OTHER 105468 3000
CIGNA CORP. COM 125509109 499 5940 SH
SOLE 5940
CSX CORP COM 126408103 227 5820 SH
SOLE 5820
CAMPBELL SOUP CO COM 134429109 12189 297300 SH
SOLE 297300
CARDINAL HEALTH INC COM 14149Y108 537 8129 SH
OTHER 7507 622
CATERPILLAR INC COM 149123101 6282 136561 SH
OTHER 87761 48800
CENDANT CORP COM 151313103 38727 2420439 SH
OTHER 2262630 157809
CENTRAL & SOUTH WEST CORP COM 152357109 522 22700 SH
SOLE 22700
CHAMPION INTERNATIONAL CORP COM 158525105 5492 133957 SH
OTHER 126957 7000
CHASE MANHATTAN CORP COM 16161A108 4912 60636 SH
SOLE 60636
CHEVRON CORP COM 166751107 13709 154038 SH
SOLE 154038
CITIGROUP INC COM 172967101 20193 315514 SH
OTHER 271015 44499
CLOROX CO COM 189054109 351 3000 SH
NONE 3000
COCA-COLA CO COM 191216100 19355 317300 SH
OTHER 173300 144000
<PAGE>
FORM 13F
INFORMATION TABLE
VALUE SHARES/ SH/
PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN
CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- ---
- ---- ------- ------------ -------- -------- --------
COLGATE-PALMOLIVE CO COM 194162103 12228 132909 SH
OTHER 130909 2000
COMERICA INC COM 200340107 1215 19590 SH
SOLE 19590
CORNING INC COM 219350105 18551 309178 SH
OTHER 244778 64400
COVANCE INC COM 222816100 411 16425 SH
OTHER 12825 3600
DATAWARE TECHNOLOGIES, INC. COM 237920103 28 14048 SH
SOLE 14048
DAYTON-HUDSON CORP COM 239753106 261 3900 SH
NONE 3900
WALT DISNEY COMPANY COM 254687106 1428 46050 SH
NONE 46050
DOMINION RESOURCES INC COM 257470104 1010 27292 SH
SOLE 27292
DONNELLEY -R.R.- & SONS COM 257867101 4766 148952 SH
OTHER 112952 36000
DORCHESTER HUGOTON LTD-DEP REC COM 258205202 204 20400 SH
NONE 20400
DOW CHEMICAL CO COM 260543103 10629 114294 SH
OTHER 81294 33000
DUPONT -E.I.- DE NEMOURS & CO COM 263534109 29935 516122 SH
OTHER 455522 60600
DUKE ENERGY CORP COM 264399106 369 6700 SH
SOLE 6700
DUN & BRADSTREET CORP COM 264830100 2684 74562 SH
OTHER 71762 2800
EASTERN ENTERPRISES COM 27637F100 397 11017 SH
SOLE 11017
EASTMAN CHEMICAL CO COM 277432100 360 8580 SH
OTHER 7955 625
EASTMAN KODAK CO COM 277461109 10321 161270 SH
OTHER 139970 21300
EATON INC COM 278058102 6291 88603 SH
OTHER 84603 4000
EDISON INTERNATIONAL COM 281020107 328 14920 SH
SOLE 14920
EL PASO ENERGY CORP COM 283905107 1686 51096 SH
OTHER 44562 6534
ELECTRONIC DATA SYSTEMS CORP COM 285661104 341 6960 SH
SOLE 6960
EMERSON ELECTRIC CO COM 291011104 1908 36000 SH
OTHER 34000 2000
ENRON CORP COM 293561106 257 4016 SH
SOLE 4016
ENTERGY CORP COM 29364F105 4734 175318 SH
SOLE 175318
EQUITABLE COMPANIES INC COM 29444G107 420 6000 SH
NONE 6000
ETHYL CORP COM 297659104 156 38921 SH
SOLE 38921
EXXON CORP COM 302290101 46953 661304 SH
OTHER 645304 16000
FPL GROUP INC COM 302571104 1529 28850 SH
SOLE 28850
FIRST UNION CORP COM 337358105 594 11200 SH
NONE 11200
FLEET FINANCIAL GROUP COM 338915101 228 6000 SH
SOLE 6000
FLOWERS INDUSTRIES INC COM 343496105 2244 89775 SH
SOLE 89775
FREEPORT MCMORAN COPPER & GOLD COM 35671D857 2850 259107 SH
SOLE 259107
FRESENIUS MEDICAL CARE-ADR COM 358029106 914 45690 SH
SOLE 45690
FRONTIER CORP COM 35906P105 2965 57016 SH
SOLE 57016
GTE CORP COM 362320103 32414 540233 SH
OTHER 507383 32850
GANNETT CO INC COM 364730101 455 7220 SH
OTHER 5520 1700
GENERAL ELECTRIC CO COM 369604103 168216 1515460 SH
OTHER 1403060 112400
GENERAL MILLS, INC COM 370334104 1854 24400 SH
OTHER 22800 1600
GENERAL MOTORS CORP COM 370442105 12830 147477 SH
OTHER 141477 6000
GENUINE PARTS CO COM 372460105 4633 159767 SH
OTHER 123767 36000
GEORGIA-PACIFIC CORP COM 373298108 1103 14900 SH
SOLE 14900
GEORGIA-PACIFIC (TIMBER GROUP) COM 373298702 282 12800 SH
SOLE 12800
GERBER SCIENTIFIC INC COM 373730100 1840 92000 SH
SOLE 92000
GERON CORP COM 374163103 276 27601 SH
SOLE 27601
GILLETTE CO COM 375766102 14241 241376 SH
OTHER 230400 10976
GLAXO WELLCOME PLC SPONSORED A COM 37733W105 1313 19600 SH
OTHER 11600 8000
GOODYEAR TIRE & RUBBER CO COM 382550101 620 12400 SH
OTHER 10400 2000
GRACE, W.R., & CO COM 383883105 1170 97514 SH
SOLE 97514
GRAINGER (W.W.) INC COM 384802104 232 5400 SH
NONE 5400
HALLIBURTON CO COM 406216101 10656 280434 SH
OTHER 240434 40000
HARCOURT GENERAL INC COM 41163G101 264 6000 SH
SOLE 6000
HARTFORD FINANCIAL SERVICES GR COM 416515104 1967 34500 SH
OTHER 32500 2000
HEINZ (H.J.) CO COM 423074103 301 6400 SH
SOLE 6400
HERSHEY FOODS CORP COM 427866108 526 9400 SH
OTHER 5400 4000
HEWLETT-PACKARD CO COM 428236103 13204 194172 SH
OTHER 112172 82000
HONEYWELL, INC COM 438506107 19273 253593 SH
OTHER 192793 60800
HOST MARRIOTT CORP COM 44107P104 153 13881 SH
SOLE 13881
HOUSEHOLD INTERNATIONAL CORP COM 441815107 414 9000 SH
NONE 9000
IMC GLOBAL INC COM 449669100 1390 69482 SH
SOLE 69482
IMS HEALTH INC COM 449934108 5196 157444 SH
OTHER 151844 5600
<PAGE>
FORM 13F
INFORMATION TABLE
VALUE SHARES/ SH/
PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN
CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- ---
- ---- ------- ------------ -------- -------- --------
ITT INDUSTRIES INC COM 450911102 1209 34550 SH
OTHER 32550 2000
ILLINOIS TOOL WORKS INC COM 452308109 459 7400 SH
NONE 7400
INGERSOLL- RAND CO COM 456866102 35876 717521 SH
SOLE 717521
INTEL CORP COM 458140100 2618 22000 SH
OTHER 10500 11500
INTERNATIONAL BUSINESS MACHINE COM 459200101 74791 422549 SH
OTHER 248141 174408
INTL. FLAVORS & FRAGRANCES COM 459506101 775 20400 SH
SOLE 20400
INTERNATIONAL PAPER CO COM 460146103 289 6872 SH
SOLE 6872
JEFFERSON PILOT CORP COM 475070108 1262 18562 SH
OTHER 10125 8437
JOHNSON & JOHNSON COM 478160104 4560 49032 SH
OTHER 41632 7400
KELLOGG CO COM 487836108 6352 186830 SH
SOLE 186830
KIMBERLY-CLARK CORP COM 494368103 44063 917988 SH
OTHER 856628 61360
LEHMAN BROTHERS HOLDINGS INC COM 524908100 372 6200 SH
SOLE 6200
LILLY ELI & CO COM 532457108 8548 100568 SH
SOLE 100568
LONE STAR TECHNOLOGIES INC COM 542312103 881 67800 SH
OTHER 4800 63000
LOUISIANA PACIFIC CORP COM 546347105 580 30500 SH
SOLE 30500
LUBRIZOL CORP COM 549271104 722 32800 SH
SOLE 32800
LUCENT TECHNOLOGIES INC COM 549463107 4723 43734 SH
OTHER 35310 8424
MALLINCKRODT INC COM 561232109 5221 193353 SH
OTHER 191253 2100
MARSH & MC LENNAN COMPANIES IN COM 571748102 444 6000 SH
OTHER 2400 3600
MARRIOTT INTERNATIONAL - CLASS COM 571903202 862 25340 SH
SOLE 25340
MASCO CORP COM 574599106 3195 114100 SH
OTHER 108100 6000
MAY DEPARTMENT STORES CO COM 577778103 363 9300 SH
OTHER 5550 3750
MC CORMICK & CO COM 579780206 1335 46048 SH
OTHER 5600 40448
MC DONALD'S CORP COM 580135101 9255 205672 SH
OTHER 84176 121496
MCKESSON HBOC INC COM 58155Q103 11314 171430 SH
OTHER 135030 36400
MEAD CORP COM 582834107 1240 40000 SH
OTHER 4000 36000
MERCK & CO, INC COM 589331107 50702 633772 SH
OTHER 471172 162600
MICROSOFT CORP COM 594918104 318 3528 SH
SOLE 3528
MILLIPORE CORP COM 601073109 1066 44408 SH
OTHER 11928 32480
MINNESOTA MINING & MFG CO COM 604059105 8580 120844 SH
OTHER 101644 19200
MOBIL CORP COM 607059102 2148 24410 SH
SOLE 24410
MONSANTO CO COM 611662107 9716 211210 SH
OTHER 201210 10000
J. P. MORGAN & CO COM 616880100 1910 15528 SH
SOLE 15528
MORGAN STANLEY, DEAN WITTER CO COM 617446448 7651 76514 SH
OTHER 54246 22268
MORTON INTERNATIONAL INC COM 619335102 3979 107550 SH
SOLE 107550
MOTOROLA, INC COM 620076109 19003 260314 SH
OTHER 200314 60000
MURPHY OIL CORPORATION COM 626717102 492 12000 SH
SOLE 12000
NEW CENTURY ENERGIES INC COM 64352U103 622 18300 SH
SOLE 18300
NEWMONT MINING CORP COM 651639106 4693 276062 SH
OTHER 256093 19969
NORDSTROM INC COM 655664100 640 15600 SH
SOLE 15600
NORTHERN STATES POWER CO COM 665772109 544 23652 SH
SOLE 23652
NORTHERN TELECOM LTD COM 665815106 744 12000 SH
NONE 12000
NUCOR CORP COM 670346105 4312 98000 SH
OTHER 61500 36500
OGDEN CORP COM 676346109 6927 288626 SH
OTHER 247584 41042
OWENS CORNING COM 69073F103 317 9900 SH
SOLE 9900
P G & E CORPORATION COM 69331C108 1490 48070 SH
SOLE 48070
PPG INDUSTRIES INC COM 693506107 13918 272893 SH
OTHER 268293 4600
J.C. PENNEY CO INC COM 708160106 2657 66432 SH
SOLE 66432
PEPSICO INC COM 713448108 17361 445150 SH
OTHER 376750 68400
PERKIN-ELMER CORP COM 714041100 5742 59200 SH
OTHER 39200 20000
PHARMACIA & UPJOHN INC COM 716941109 9319 150314 SH
OTHER 106814 43500
PFIZER INC COM 717081103 32216 231770 SH
OTHER 211502 20268
PHELPS DODGE CORP COM 717265102 235 4800 SH
SOLE 4800
PHILIP MORRIS COS COM 718154107 6888 196800 SH
OTHER 150200 46600
PHILLIPS PETROLEUM CO COM 718507106 3256 69267 SH
SOLE 69267
PITNEY-BOWES, INC COM 724479100 7678 119968 SH
SOLE 119968
POGO PRODUCING CO COM 730448107 451 34700 SH
SOLE 34700
POTLATCH CORP COM 737628107 1667 49033 SH
SOLE 49033
POTOMAC ELECTRIC POWER CO COM 737679100 470 20415 SH
SOLE 20415
PREMARK INTERNATIONAL INC. COM 740459102 2157 65374 SH
SOLE 65374
<PAGE>
FORM 13F
INFORMATION TABLE
VALUE SHARES/ SH/
PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN
CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- ---
- ---- ------- ------------ -------- -------- --------
PROCTER & GAMBLE CO COM 742718109 56399 575503 SH
OTHER 511503 64000
RELIASTAR FINANCIAL CORP COM 75952U103 688 16000 SH
NONE 16000
REYNOLDS METALS CO COM 761763101 1801 37520 SH
OTHER 25320 12200
ROHM & HAAS CO COM 775371107 5048 148467 SH
SOLE 148467
ROUSE CO. COM 779273101 246 11202 SH
SOLE 11202
ROYAL DUTCH PETROLEUM COM 780257804 790 15200 SH
OTHER 3200 12000
SCHERING - PLOUGH CORP COM 806605101 3597 65400 SH
SOLE 65400
SCHLUMBERGER, LTD COM 806857108 1415 23576 SH
OTHER 9576 14000
SEALED AIR CORP COM 81211K100 2561 52265 SH
SOLE 52265
SEALED AIR CORP - SER A CV PFD COM 81211K209 2269 46316 SH
SOLE 46316
SEARS, ROEBUCK & CO COM 812387108 7415 164777 SH
OTHER 138277 26500
SEMPRA ENERGY COM 816851109 1254 66012 SH
SOLE 66012
SMITHKLINE BEECHAM ADR ORD A COM 832378301 3598 50678 SH
OTHER 42678 8000
SOLUTIA INC COM 834376105 1353 79612 SH
SOLE 79612
SONAT INC COM 835415100 4072 135717 SH
OTHER 97717 38000
SBC COMMUNICATIONS INC COM 845333103 907 19304 SH
OTHER 12284 7020
SPRINT CORP (FON GROUP) COM 852061100 754 7691 SH
SOLE 7691
STARWOOD HOTELS & RESORTS COM 85590A203 2204 76000 SH
OTHER 72900 3100
SYNAPTIC PHARMACEUTICAL CORP COM 87156R109 201 28747 SH
SOLE 28747
SYNOPSYS INC COM 871607107 270 5000 SH
SOLE 5000
SYSCO CORP COM 871829107 6276 241400 SH
OTHER 228400 13000
TRW INC COM 872649108 432 9600 SH
NONE 9600
TEMPLE-INLAND INC COM 879868107 5333 84656 SH
OTHER 83256 1400
TENET HEALTHCARE CORP COM 88033G100 2018 106200 SH
OTHER 57200 49000
TENNECO INC COM 880370101 4382 156487 SH
OTHER 150287 6200
TEXACO INC COM 881694103 5956 104487 SH
OTHER 73487 31000
TEXAS INSTRUMENTS, INC COM 882508104 6811 68800 SH
OTHER 8800 60000
TEXAS UTILITIES CO COM 882848104 1530 36432 SH
OTHER 24432 12000
TIME WARNER INC COM 887315109 21736 306142 SH
OTHER 280542 25600
TOYS R US INC. COM 892335100 908 47775 SH
SOLE 47775
TREDEGAR INDUSTRIES COM 894650100 259 8361 SH
SOLE 8361
TRICON GLOBAL RESTAURANTS INC COM 895953107 256 3660 SH
OTHER 2820 840
TRIBUNE CO COM 896047107 260 4000 SH
NONE 4000
TUPPERWARE CORP COM 899896104 1761 97849 SH
SOLE 97849
TYCO INTERNATIONAL LTD COM 902124106 70294 976299 SH
OTHER 31278 945021
USX - MARATHON GROUP COM 902905827 6364 235720 SH
OTHER 191720 44000
UNUM CORPORATION COM 903192102 822 17124 SH
NONE 17124
U.S. FOODSERVICE COM 90331R101 842 18307 SH
OTHER 15401 2906
UNION PACIFIC CORPORATION COM 907818108 617 11633 SH
SOLE 11633
UNION PACIFIC RESOURCES GROUP COM 907834105 127 10584 SH
SOLE 10584
UNITED TECHNOLOGIES INC COM 913017109 689 5100 SH
OTHER 3600 1500
UNITRIN INC COM 913275103 802 25880 SH
SOLE 25880
UNITRODE CORP COM 913283107 224 16000 SH
NONE 16000
UNIVERSAL FOODS CORP COM 913538104 2041 97200 SH
SOLE 97200
UNOCAL CORP COM 915289102 4586 123939 SH
SOLE 123939
VENATOR GROUP INC COM 922944103 751 107350 SH
SOLE 107350
VLASIC FOODS INTERNATIONAL COM 928559103 318 24480 SH
SOLE 24480
WAL-MART STORES COM 931142103 5667 61600 SH
OTHER 48300 13300
WARNER LAMBERT CO COM 934488107 17638 267236 SH
SOLE 267236
WASHINGTON POST CO. CL. B. COM 939640108 208 400 SH
SOLE 400
WELLS FARGO & CO COM 949740104 420 12000 SH
NONE 12000
WEYERHAEUSER CO COM 962166104 1199 21800 SH
OTHER 1800 20000
WILLIAMS COMPANIES COM 969457100 2699 69200 SH
SOLE 69200
WINN-DIXIE STORES, INC COM 974280109 796 21512 SH
SOLE 21512
WISCONSIN ENERGY CORP COM 976657106 1200 46172 SH
SOLE 46172
XEROX CORP COM 984121103 21746 418200 SH
OTHER 330600 87600
</TABLE>
