UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 06/30/99
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: UNITED NATIONAL BANK /NJ/
Address: 1130 RT 22 EAST P O BOX 6000
BRIDGEWATER, NJ 08807-0010
13F File Number:
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 M. PETERS
Title: VP & CHIEF INV. OFFICER
Phone: (908) 429-2304
Signature, Place, and Date of Signing:
UNITED NATIONAL BANK /NJ/ BRIDGEWATER, NJ
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
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: 331
Form 13F Information Table Entry Total: $626,883
List of Other Included Managers:
NONE
<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
- ------------------------------ ---------------- --------- -------- --- --- --- ---- ------- ------------- ------- --------- ------
AT&T CORP COM 001957109 1812 32515 SH SOLE 31698 817
AT&T CORP COM 001957109 1549 27794 SH DEFINED 27338 456
AT&T CORP DEB CONV DEB 001957AG4 229 225000 PRN SOLE 225000
AT&T CORP NT CONV DEB 001957AP4 208 200000 PRN DEFINED 200000
AT&T CORP CONV DEB 001957AU3 720 740000 PRN SOLE 740000
AT&T CORP CONV DEB 001957AV1 571 600000 PRN SOLE 600000
AT&T CAPITAL CORP CONV DEB 00206HE67 200 200000 PRN SOLE 200000
ABBOTT LABS COM 002824100 1211 28000 SH SOLE 28000
ABBOTT LABS COM 002824100 43 1000 SH DEFINED 1000
ALLEGHANY CORP DEL COM 017175100 6275 34973 SH SOLE 34973
ALLIED-SIGNAL INC COM 019512102 4930 75850 SH SOLE 75650 200
ALLIED-SIGNAL INC COM 019512102 728 11200 SH DEFINED 11200
AMERICAN EXPRESS CO COM 025816109 815 6088 SH SOLE 6088
AMERICAN EXPRESS CO CAP TRUST CONV PFD 02583Y205 609 25000 SH SOLE 25000
AMERICAN HOME PRODS CORP COM 026609107 10841 206014 SH SOLE 206014
AMERICAN HOME PRODS CORP COM 026609107 9362 177908 SH DEFINED 172408 4700 800
AMERICAN INTL GROUP INC COM 026874107 3407 28652 SH SOLE 28652
AMERICAN INTL GROUP INC COM 026874107 112 950 SH DEFINED 950
AMERITECH CORP COM 030954101 970 12834 SH SOLE 12738 96
AMERITECH CORP COM 030954101 757 10013 SH DEFINED 9684 329
APPLE COMPUTER INC NTS CONV DEB 037833AA8 460 500000 PRN SOLE 500000
ASSOCIATES CORP OF NORTH AMERI CONV DEB 046003EB1 325 325000 PRN SOLE 325000
ASSOCIATES FIRST CAPITAL COM 046008108 360 8808 SH SOLE 8808
ASSOCIATES FIRST CAPITAL COM 046008108 216 5292 SH DEFINED 5292
ATLANTIC RICHFIELD CO COM 048825103 603 6738 SH SOLE 6738
ATLANTIC RICHFIELD CO COM 048825103 622 6942 SH DEFINED 6942
AUTOMATIC DATA PROCESSING COM 053015103 2568 57800 SH SOLE 57800
AUTOMATIC DATA PROCESSING COM 053015103 479 10800 SH DEFINED 9800 1000
BP AMOCO PLC COM 055622104 1446 12687 SH SOLE 12687
BP AMOCO PLC COM 055622104 2505 21974 SH DEFINED 21974
BP AMER INC GEN TERM NTS SR NT CONV DEB 055625AN7 26 25000 PRN SOLE 25000
BP AMER INC GEN TERM NTS SR NT CONV DEB 055625AN7 260 250000 PRN DEFINED 250000
BANC ONE CORP CONV DEB 059438AF8 428 420000 PRN SOLE 420000
BANC ONE CORP CONV DEB 059438AF8 101 100000 PRN DEFINED 100000
BANK OF AMERICA CORPORATION COM 060505104 3190 46032 SH SOLE 45919 113
BANK OF AMERICA CORPORATION COM 060505104 339 4891 SH DEFINED 4537 354
BANK OF BOSTON CORP CONV DEB 060716AX5 503 500000 PRN SOLE 500000
BANK OF BOSTON CORP CONV DEB 060716AX5 100 100000 PRN DEFINED 100000
BANK OF BOSTON CORP CONV DEB 060716BR7 408 410000 PRN SOLE 410000
BANK NEW YORK INC COM 064057102 852 22612 SH SOLE 22612
BANK OF NEW YORK CONV DEB 06406JAG0 470 500000 PRN SOLE 500000
BANK ONE CORP COM COM 06423A103 1839 31923 SH SOLE 31823 100
BANK ONE CORP COM COM 06423A103 314 5462 SH DEFINED 5462
BANK AMERICA CORP SUB NT CONV DEB 066050BP9 947 910000 PRN SOLE 910000
BANK AMERICA CORP CONV DEB 066050BQ7 524 500000 PRN SOLE 500000
BANK AMERICA CORP CONV DEB 066050BS3 72 70000 PRN SOLE 70000
BANK AMERICA CORP CONV DEB 066050BS3 233 225000 PRN DEFINED 225000
BANKAMERICA CORP CONV DEB 066050BV6 409 400000 PRN SOLE 400000
BANK AMERICA CORP CONV DEB 066050BW4 221 215000 PRN SOLE 215000
BANKAMERICA CORP NOTE CONV DEB 066050BY0 257 255000 PRN SOLE 255000
BANK AMERICA CORP NTS CONV DEB 066050CB9 879 870000 PRN SOLE 870000
BANK AMERICA CORP CONV DEB 066050CD5 661 660000 PRN SOLE 660000
BANK AMERICA CORP CONV DEB 066050CD5 100 100000 PRN DEFINED 100000
BANKERS TR NY CORP CONV DEB 066365BD8 355 350000 PRN SOLE 350000
BANKERS TRUST NY CORP CONV DEB 066365BF3 513 510000 PRN SOLE 510000
BANKERS TRUST CONV DEB 066365BW6 482 500000 PRN SOLE 500000
BANKERS TRUST CONV DEB 066365BY2 248 250000 PRN SOLE 250000
BEAR STEARNS COS INC CONV DEB 073902AM0 596 600000 PRN SOLE 600000
BEAR STEARNS COS INC CONV DEB 073902AM0 198 200000 PRN DEFINED 200000
BEAR STEARNS CO CONV DEB 073902AZ1 468 475000 PRN SOLE 475000
BEAR STEARNS COS INC CONV DEB 073902BM9 277 285000 PRN SOLE 285000
BELL ATLANTIC CORP COM 077853109 4117 62863 SH SOLE 61629 1234
BELL ATLANTIC CORP COM 077853109 1963 29972 SH DEFINED 29056 916
BELLSOUTH CORPORATION COM 079860102 3262 69320 SH SOLE 66740 2580
BELLSOUTH CORPORATION COM 079860102 1162 24694 SH DEFINED 23720 974
BESTFOODS INC. COM 08658U101 455 9600 SH SOLE 9600
BESTFOODS INC. COM 08658U101 113 2400 SH DEFINED 2400
BOSTON SCIENTIFIC CORP COM 101137107 583 13660 SH SOLE 13660
BRISTOL MYERS SQUIBB CO. COM 110122108 19550 278788 SH SOLE 278188 600
BRISTOL MYERS SQUIBB CO. COM 110122108 10579 150872 SH DEFINED 143792 7080
BURLINGTON NORTHERN SANTA FE C COM 12189T104 868 26414 SH SOLE 26414
BURLINGTON NORTHERN SANTA FE C COM 12189T104 491 14955 SH DEFINED 14355 600
CIGNA CONV DEB 125509AF6 304 300000 PRN SOLE 300000
CNA FINANCIAL CORP CONV DEB 126117AK6 964 1000000 PRN SOLE 1000000
CENTRAL & SOUTH WEST CORP COM 152357109 164 7520 SH SOLE 7520
CENTRAL & SOUTH WEST CORP COM 152357109 110 5070 SH DEFINED 5070
CHASE MANHATTAN CORP NEW COM COM 16161A108 12555 154412 SH SOLE 153912 500
CHASE MANHATTAN CORP NEW COM COM 16161A108 1970 24238 SH DEFINED 22838 1400
CHASE MANHATTAN COR CONV DEB 16161AAP3 695 700000 PRN SOLE 700000
CHASE MANHATTAN COR CONV DEB 16161ABJ6 523 500000 PRN SOLE 500000
CHASE MANHATTAN COR CONV DEB 16161ABJ6 104 100000 PRN DEFINED 100000
CHEVRON CORP COM 166751107 1882 19974 SH SOLE 19974
CHEVRON CORP COM 166751107 500 5308 SH DEFINED 5308
CHICAGO TITLE CORP COM COM 168228104 3836 104919 SH SOLE 104919
CISCO SYSTEMS COM 17275R102 16650 264026 SH SOLE 264026
CISCO SYSTEMS COM 17275R102 1661 26350 SH DEFINED 25350 1000
CITIGROUP INC COM COM 172967101 6656 139947 SH SOLE 139947
CITIGROUP INC COM COM 172967101 1282 26971 SH DEFINED 26571 400
CITICORP CONV DEB 173034GK9 521 510000 PRN SOLE 510000
CITICORP CONV DEB 17303LPF2 504 500000 PRN SOLE 500000
CITICORP 7.5% DUE 8/25/10 CONV DEB 17303MDL0 392 400000 PRN SOLE 400000
CITICORP SUB MED TERM NOTES CONV DEB 17303MDS5 482 500000 PRN SOLE 500000
CITICORP MED TERM NOTE CONV DEB 17303MFD6 640 650000 PRN SOLE 650000
CITIGROUP CAPITAL V PREFERRED CONV PFD 17306K209 241 10000 SH SOLE 10000
COCA COLA CO COM 191216100 1922 30700 SH SOLE 30200 500
COCA COLA CO COM 191216100 547 8750 SH DEFINED 8750
COCA COLA ENTERPRISES INC NT CONV DEB 191219AM6 416 400000 PRN SOLE 400000
COCA COLA ENTERPRISES, INC CONV DEB 191219AT1 200 200000 PRN SOLE 200000
COCA COLA ENTERPRISES, INC CONV DEB 191219AT1 200 200000 PRN DEFINED 200000
COCA-COLA ENTERPRISES CONV DEB 191219BF0 279 300000 PRN SOLE 300000
COLGATE PALMOLIVE CO COM 194162103 954 18920 SH SOLE 18920
COLGATE PALMOLIVE CO COM 194162103 110 2200 SH DEFINED 1200 1000
COMPAQ COMPUTER COM 204493100 1437 55307 SH SOLE 54007 1300
COMPAQ COMPUTER COM 204493100 171 6600 SH DEFINED 6600
COMPAQ COMPUTER CORP. CONV DEB 204493AF7 412 400000 PRN SOLE 400000
CONSOLIDATED NAT GAS CO COM 209615103 62 1000 SH SOLE 1000
CONSOLIDATED NAT GAS CO COM 209615103 273 4400 SH DEFINED 4400
CONSOLIDATED NATURAL GAS CO CONV DEB 209615BM4 244 250000 PRN SOLE 250000
CORESTATES CAPITAL CORP CONV DEB 218693AH2 239 245000 PRN SOLE 245000
DAYTON HUDSON COM 239753106 5614 84500 SH SOLE 84500
DAYTON HUDSON COM 239753106 524 7900 SH DEFINED 7900
DEAN WITTER DISCOVER & CO. CONV DEB 24240VAC5 253 250000 PRN SOLE 250000
DELL COMPUTER CO. COM 247025109 14610 354200 SH SOLE 354000 200
DELL COMPUTER CO. COM 247025109 400 9700 SH DEFINED 9300 400
DELPHI AUTOMOTIVES SYS CORP CO COM 247126105 109 5692 SH SOLE 5692
DELPHI AUTOMOTIVES SYS CORP CO COM 247126105 86 4493 SH DEFINED 4434 59
DEVEL. DIVERSIFIED REALTY CONV PFD 251591509 250 10000 SH SOLE 10000
WALT DISNEY PRODTNS COM 254687106 511 18801 SH SOLE 18801
WALT DISNEY PRODTNS COM 254687106 40 1500 SH DEFINED 1500
DOLE FOOD INC. CONV DEB 256605AB2 301 300000 PRN SOLE 300000
DOW CHEM CO COM 260543103 493 3950 SH SOLE 3950
DOW CHEM CO COM 260543103 865 6925 SH DEFINED 6725 200
DU PONT E I DE NEMOURS & CO COM 263534109 1683 23316 SH SOLE 23316
DU PONT E I DE NEMOURS & CO COM 263534109 1997 27666 SH DEFINED 27666
DU PONT E I DE NEMOURS & CO CONV DEB 263534AY5 214 200000 PRN SOLE 200000
EMC CORP COM 268648102 16720 264100 SH SOLE 263600 500
EMC CORP COM 268648102 576 9100 SH DEFINED 8700 400
EASTMAN KODAK CO COM 277461109 31 425 SH SOLE 425
EASTMAN KODAK CO COM 277461109 704 9646 SH DEFINED 9646
ENRON CORP COM 293561106 157 1850 SH SOLE 1850
ENRON CORP COM 293561106 245 2880 SH DEFINED 2880
ENTERGY LOUISIANA, INC. CONV DEB 29364MAA8 481 500000 PRN SOLE 500000
EXXON CORP COM 302290101 16310 208774 SH SOLE 208474 300
EXXON CORP COM 302290101 12223 156458 SH DEFINED 156458
FEDERATED DEPARTMENT STORES IN COM 31410H101 88 1700 SH SOLE 1700
FEDERATED DEPARTMENT STORES IN COM 31410H101 286 5500 SH DEFINED 5500
FIFTH THIRD BANCORP COM 316773100 1133 16313 SH SOLE 16313
FIFTH THIRD BANCORP COM 316773100 288 4156 SH DEFINED 4156
FIRST DATA CORPORATION CONV DEB 32006YAG7 390 400000 PRN SOLE 400000
FIRST UNION CORP COM 337358105 532 11412 SH SOLE 11412
FIRST UNION CORP COM 337358105 449 9638 SH DEFINED 9638
FLEET/NORSTAR FINL CONV DEB 339018AF0 324 295000 PRN SOLE 295000
FLEET NATIONAL BANK CONV DEB 33901LAA2 275 300000 PRN SOLE 300000
FORD MTR CO DEL COM 345370100 2435 44798 SH SOLE 44698 100
FORD MTR CO DEL COM 345370100 644 11850 SH DEFINED 11850
FORD MOTOR CREDIT CO CONV DEB 345397GN7 781 750000 PRN SOLE 750000
FORD MOTOR CREDIT CONV DEB 345397GS6 514 500000 PRN SOLE 500000
FORD MOTOR CREDIT CONV DEB 345397GV9 502 500000 PRN SOLE 500000
FORD MOTOR CREDIT CO CONV DEB 345397SD6 444 455000 PRN SOLE 455000
G T E CORP COM 362320103 92 1200 SH SOLE 1200
G T E CORP COM 362320103 376 4900 SH DEFINED 4200 700
GTE NORTH INC. CONV DEB 362337AM9 298 320000 PRN SOLE 320000
GTE SOUTH INC. CONV DEB 36233TAH2 337 350000 PRN SOLE 350000
GANNETT CO, INC COM 364730101 228 3000 SH DEFINED 3000
GAP INC COM 364760108 6523 136252 SH SOLE 136252
GAP INC COM 364760108 143 3000 SH DEFINED 3000
GENERAL ELEC CO COM 369604103 42135 360323 SH SOLE 359873 450
GENERAL ELEC CO COM 369604103 25485 217939 SH DEFINED 214739 3000 200
GENERAL ELECTRIC CAP GE CONV DEB 36962GSX3 491 500000 PRN SOLE 500000
GENERAL ELECTRIC CAP CORP CONV DEB 36962GTH7 1101 1100000 PRN SOLE 1100000
GENERAL MLS INC COM 370334104 127 1500 SH SOLE 1500
GENERAL MLS INC COM 370334104 161 1900 SH DEFINED 1900
GENERAL MOTORS ACCEPTANCE CORP CONV DEB 370424CK7 293 300000 PRN SOLE 300000
GENERAL MTRS ACCEPT CORP CONV DEB 370424GL1 203 200000 PRN SOLE 200000
GENERAL MOTORS ACCEP CORP CONV DEB 370424GR8 528 500000 PRN SOLE 500000
GENERAL MOTORS ACCEPT CORP CONV DEB 370425RG7 287 300000 PRN SOLE 300000
GENERAL MOTORS ACCEPTANCE CORP CONV DEB 37042FVZ8 262 275000 PRN SOLE 275000
GENERAL MOTORS COM 370442105 688 10350 SH SOLE 10350
GENERAL MOTORS COM 370442105 555 8348 SH DEFINED 8262 86
GEORGIA PWR CO 1ST MTG CONV DEB 373334DW8 275 275000 PRN SOLE 275000
GILLETTE CO COM 375766102 578 12566 SH SOLE 12566
GILLETTE CO COM 375766102 110 2400 SH DEFINED 2400
GREAT WESTERN FIN'L TR. I CONV PFD 39141F203 252 10000 SH SOLE 10000
GUIDANT CORP COM 401698105 5474 94600 SH SOLE 94600
GUIDANT CORP COM 401698105 584 10100 SH DEFINED 10100
ITT HARTFORD CAPITAL PFD CONV PFD 416315208 337 13600 SH SOLE 13600
H. J. HEINZ CO. COM 423074103 87 1750 SH SOLE 1750
H. J. HEINZ CO. COM 423074103 202 4051 SH DEFINED 4051
HELLER FINANCIAL CORP CONV DEB 423328AW3 552 550000 PRN SOLE 550000
HELLER FINANCIAL NOTES CONV DEB 423328BG7 300 300000 PRN SOLE 300000
HEWLETT-PACKARD COM 428236103 1080 9600 SH SOLE 9600
HEWLETT-PACKARD COM 428236103 810 7200 SH DEFINED 7200
HOME DEPOT INC COM 437076102 9428 143258 SH SOLE 143258
HOME DEPOT INC COM 437076102 1059 16100 SH DEFINED 15100 1000
HONEYWELL INC COM 438506107 595 4950 SH SOLE 4950
HOUSEHOLD FINANCE CONV DEB 441812FT6 634 625000 PRN SOLE 625000
I.E.S. UTLITIES INC. CONV PFD 44949R508 245 10000 SH SOLE 10000
INGERSOLL RAND CO COM 456866102 319 5150 SH SOLE 5150
INTEL CORP COM 458140100 8367 127632 SH SOLE 127032 600
INTEL CORP COM 458140100 1435 21900 SH DEFINED 18300 3600
INTERNATIONAL BUSINESS MACHS C COM 459200101 1467 11378 SH SOLE 11378
INTERNATIONAL BUSINESS MACHS C COM 459200101 1260 9768 SH DEFINED 9368 400
INTERNATIONAL BUSINESS MACHINE CONV DEB 459200AJ0 517 500000 PRN SOLE 500000
IBM CORPORATION CONV DEB 45920QBM5 277 300000 PRN SOLE 300000
INTERNATIONAL LEASE FIN CORP CONV DEB 459745AR6 350 350000 PRN SOLE 350000
INTERNATIONAL LEASE FIN CORP CONV DEB 459745AR6 50 50000 PRN DEFINED 50000
JOHNSON & JOHNSON COM 478160104 9675 99294 SH SOLE 99294
JOHNSON & JOHNSON COM 478160104 26280 269715 SH DEFINED 198178 71537
LEHMAN BROTHERS HOLDINGS CONV DEB 52517PPZ8 296 300000 PRN SOLE 300000
LILY ELI & CO COM 532457108 73 1000 SH SOLE 1000
LILY ELI & CO COM 532457108 916 12560 SH DEFINED 12560
LIMITED INC NT CONV DEB 532716AE7 514 500000 PRN SOLE 500000
LIMITED INC NT CONV DEB 532716AE7 257 250000 PRN DEFINED 250000
LUCENT TECHNOLOGIES COM 549463107 18302 260993 SH SOLE 259893 1100
LUCENT TECHNOLOGIES COM 549463107 3856 54990 SH DEFINED 52656 1200 1134
MBNA CORP COM 55262L100 5748 191225 SH SOLE 190925 300
MBNA CORP COM 55262L100 877 29200 SH DEFINED 27100 1600 500
MCI CORP 8.0% PFD. CONV PFD 55267Y206 365 14600 SH SOLE 14600
MCI WORLDCOM INC COM COM 55268B106 1224 13750 SH SOLE 13750
MCI WORLDCOM INC COM COM 55268B106 44 500 SH DEFINED 500
MAY DEPT STORES CO COM 577778103 266 6564 SH SOLE 6564
MAY DEPT STORES CO COM 577778103 127 3132 SH DEFINED 3132
MCCORMICK SUB NT CONV DEB 579780AB3 262 250000 PRN SOLE 250000
MC DONALDS CORP COM 580135101 163 3800 SH SOLE 3800
MC DONALDS CORP COM 580135101 167 3900 SH DEFINED 3900
MCGRAW-HILL COMPANIES COM 580645109 320 6200 SH SOLE 6200
MCGRAW-HILL COMPANIES COM 580645109 199 3860 SH DEFINED 3060 800
MEDIAONE GROUP INC COM COM 58440J104 150 2012 SH SOLE 2012
MEDIAONE GROUP INC COM COM 58440J104 151 2020 SH DEFINED 1911 109
MEDTRONIC, INC COM 585055106 5343 72700 SH SOLE 72400 300
MEDTRONIC, INC COM 585055106 316 4300 SH DEFINED 4300
MELLON BANK SUB NOTES CONV DEB 585907AF5 270 275000 PRN SOLE 275000
MELLON BANK SUB NOTES CONV DEB 585907AF5 98 100000 PRN DEFINED 100000
MERCK & CO INC COM 589331107 23232 338234 SH SOLE 337334 900
MERCK & CO INC COM 589331107 14417 209902 SH DEFINED 206874 2200 828
MERRILL LYNCH & CO INC CONV DEB 590188DY1 315 300000 PRN SOLE 300000
MERRILL LYNCH CONV DEB 590188ES3 651 650000 PRN SOLE 650000
MERRILL LYNCH & CO CONV DEB 590188JP4 279 300000 PRN SOLE 300000
MERRILL LYNCH CONV DEB 59018SY24 425 445000 PRN SOLE 445000
MICROSOFT CORP COM 594918104 20414 215600 SH SOLE 215600
MICROSOFT CORP COM 594918104 1950 20600 SH DEFINED 18200 2200 200
MIDDLESEX WTR CO COM 596680108 277 10560 SH SOLE 10560
MIDDLESEX WTR CO COM 596680108 210 8024 SH DEFINED 700 6300 1024
MINNESOTA MNG & MFG CO COM 604059105 707 7866 SH SOLE 7866
MINNESOTA MNG & MFG CO COM 604059105 1168 12980 SH DEFINED 12780 200
MOBIL CORP COM 607059102 6022 59082 SH SOLE 59082
MOBIL CORP COM 607059102 4715 46254 SH DEFINED 45854 400
MONSANTO CO COM 611662107 636 16150 SH SOLE 16150
MONSANTO CO COM 611662107 540 13700 SH DEFINED 12900 800
MORGAN J P & CO INC COM 616880100 1345 10125 SH SOLE 10125
MORGAN J P & CO INC COM 616880100 1129 8502 SH DEFINED 8402 100
J P MORGAN & CO SUB NTS CONV DEB 616880BG4 233 250000 PRN SOLE 250000
MORGAN JP & CO INC CONV DEB 616880BT6 290 300000 PRN SOLE 300000
MORGAN STANLEY FIN. PLC CONV PFD 616906707 536 21000 SH SOLE 21000
NATIONAL WESTMINSTER BANK PLC COM 638539403 867 7122 SH SOLE 7122
NATIONAL WESTMINSTER BANK PLC COM 638539403 44 366 SH DEFINED 366
NATIONS BANK CORP CONV DEB 638585AF6 503 500000 PRN SOLE 500000
NATIONS BANK CORP SUB NOTES CONV DEB 638585AJ8 262 250000 PRN SOLE 250000
NEW YORK TIMES CO. NTS CONV DEB 650111AA5 1054 1000000 PRN SOLE 1000000
NOKIA CORPORATION - SPON ADR COM 654902204 1017 10750 SH SOLE 10750
NOKIA CORPORATION - SPON ADR COM 654902204 47 500 SH DEFINED 500
NORFOLK SOUTHERN CORP. COM 655844108 209 7180 SH SOLE 7180
NORFOLK SOUTHERN CORP. COM 655844108 134 4617 SH DEFINED 4617
NORTHERN STATE PWR CO CONV DEB 665772BM0 310 300000 PRN SOLE 300000
PPG INDS INC COM 693506107 367 6160 SH DEFINED 6160
PACIFIC GAS & ELEC NTS CONV DEB 694308EA1 270 260000 PRN SOLE 260000
PACIFIC GAS & ELEC CO CONV DEB 694308EW3 290 300000 PRN SOLE 300000
PACIFIC TELEPHONE & TELEGRAPH CONV DEB 694886AR3 529 540000 PRN SOLE 540000
PACIFIC TELESIS FINANCING CONV PFD 694887209 320 13000 SH SOLE 13000
PACIFICORP 8.25% PFD CONV PFD 695115204 280 11000 SH SOLE 11000
PEPSICO INC COM 713448108 1302 32300 SH SOLE 31900 400
PEPSICO INC COM 713448108 387 9600 SH DEFINED 9200 400
PFIZER INC COM 717081103 8184 228950 SH SOLE 228650 300
PFIZER INC COM 717081103 1051 29400 SH DEFINED 28800 600
PHILIP MORRIS COMPANIES COM 718154107 1037 27380 SH SOLE 27380
PHILIP MORRIS COMPANIES COM 718154107 75 2000 SH DEFINED 2000
PHILIP MORRIS CO INC NTS CONV DEB 718154BQ9 552 540000 PRN SOLE 540000
PHILIP MORRIS CONV DEB 718154BU0 287 280000 PRN SOLE 280000
PHILIP MORRIS CO. CONV DEB 718154BV8 482 475000 PRN SOLE 475000
PHILLIPS PETE CO COM 718507106 172 3250 SH SOLE 3250
PHILLIPS PETE CO COM 718507106 132 2500 SH DEFINED 2500
POTOMAC ELECTRIC POWER CONV DEB 737679CM0 391 400000 PRN SOLE 400000
PROCTER & GAMBLE CO COM 742718109 5762 64029 SH SOLE 63741 288
PROCTER & GAMBLE CO COM 742718109 3959 43992 SH DEFINED 42992 1000
PROVIDIAN FINL CORP COM COM 74406A102 223 2400 SH SOLE 2400
PUBLIC SERVICE ENTERPRISE GROU COM 744573106 272 6606 SH SOLE 6606
PUBLIC SERVICE ENTERPRISE GROU COM 744573106 201 4897 SH DEFINED 3897 1000
RAYTHEON CO CL B COM 755111408 360 5000 SH SOLE 5000
RAYTHEON CO CL B COM 755111408 43 600 SH DEFINED 600
REPUBLIC NEW YORK CORP SUB NT CONV DEB 760719AT1 260 250000 PRN SOLE 250000
SBC COMMUNICATION COM 78387G103 573 9868 SH SOLE 9709 159
SBC COMMUNICATION COM 78387G103 612 10533 SH DEFINED 9522 1011
SALOMON SMITH BARNEY HLD CONV DEB 79548GAH0 250 250000 PRN SOLE 250000
SALOMON INC NTS CONV DEB 79549BCF2 499 500000 PRN SOLE 500000
SARA LEE CORP COM 803111103 210 9300 SH SOLE 9300
SARA LEE CORP COM 803111103 174 7700 SH DEFINED 7700
SCHERING PLOUGH CORP COM 806605101 302 5732 SH SOLE 5732
SCHLUMBERGER LTD COM 806857108 924 14800 SH SOLE 14800
SCHLUMBERGER LTD COM 806857108 293 4700 SH DEFINED 4700
SEAGRAM COMPANY CONV DEB 811850AE6 559 525000 PRN SOLE 525000
SMITHKLINE BEECHAM P L C ADR COM 832378301 534 8800 SH SOLE 8800
SMITHKLINE BEECHAM P L C ADR COM 832378301 48 800 SH DEFINED 800
SOLECTRON CORP COM 834182107 955 15100 SH SOLE 15100
SOUTHERN CALIF EDISON CO CONV DEB 842400DH3 293 300000 PRN SOLE 300000
SOUTHERN CO COM 842587107 174 6407 SH SOLE 6407
SOUTHERN CO COM 842587107 268 9836 SH DEFINED 9836
SOUTHERN NEW ENGLAND TELECOM N CONV DEB 84348QAH0 490 475000 PRN SOLE 475000
SOUTHWESTERN BELL TEL CO CONV DEB 845335AG3 243 260000 PRN SOLE 260000
SPRINT CORP NOTES CONV DEB 852061AC4 519 500000 PRN SOLE 500000
TEXACO INC COM 881694103 1375 21804 SH SOLE 21804
TEXACO INC COM 881694103 579 9182 SH DEFINED 8182 1000
THOMAS & BETTS CORP COM 884315102 100 2200 SH SOLE 2200
THOMAS & BETTS CORP COM 884315102 256 5600 SH DEFINED 5600
TRANSAMERICA FINANCIAL CORP CONV DEB 89350LJR4 494 500000 PRN SOLE 500000
TRAVELERS P & C CAPITAL CONV PFD 893931204 202 8000 SH SOLE 8000
TYCO INTERNATIONAL LTD COM 902124106 10544 103500 SH SOLE 103500
TYCO INTERNATIONAL LTD COM 902124106 713 7000 SH DEFINED 7000
UNION PAC RR CO CONV DEB 907821N57 245 255000 PRN SOLE 255000
UNITED NATIONAL BANCORP COM 910909100 14716 619639 SH SOLE 616862 2777
UNITED NATIONAL BANCORP COM 910909100 16818 708163 SH DEFINED 642839 65324
UNITED MISSOURI BANCSHARES CONV DEB 91102QAA6 1003 1000000 PRN SOLE 1000000
US LEASING INTERNATIONAL INC CONV DEB 912129AE3 325 325000 PRN SOLE 325000
US LEASING INTERNATIONAL INC CONV DEB 912129AE3 50 50000 PRN DEFINED 50000
US LEASING CONV DEB 912129AF0 292 300000 PRN SOLE 300000
U S WEST INC NEW COM COM 91273H101 553 9479 SH SOLE 9479
U S WEST INC NEW COM COM 91273H101 161 2762 SH DEFINED 2396 366
UNITED TECHNOLOGIES CORP COM 913017109 3119 44366 SH SOLE 44366
UNITED TECHNOLOGIES CORP COM 913017109 696 9900 SH DEFINED 9900
UNITED TECHNOLOGIES MED TERM N CONV DEB 913017AU3 201 200000 PRN SOLE 200000
VALLEY NATL BANCORP COM 919794107 499 17671 SH SOLE 17671
VENATOR GROUP INC COM COM 922944103 218 20350 SH SOLE 20350
VODAFONE AIRTOUCH PLC COM 92857T107 147 692 SH SOLE 692
VODAFONE AIRTOUCH PLC COM 92857T107 228 1069 SH DEFINED 1069
WACHOVIA CORP CONV DEB 929771AA1 251 250000 PRN SOLE 250000
WALMART COM 931142103 472 10400 SH SOLE 10400
WARNER LAMBERT CO COM 934488107 383 5500 SH SOLE 5500
WARNER LAMBERT CO COM 934488107 84 1210 SH DEFINED 1210
WEST PENN POWER CONV DEB 95527PAC2 396 400000 PRN SOLE 400000
WYNDHAM INTL INC CL A COM COM 983101106 61 13806 SH SOLE 13806
XEROX CORP CONV DEB 984121AT0 261 250000 PRN SOLE 250000
XEROX CORP CONV DEB 98412JBK9 249 250000 PRN SOLE 250000
</TABLE>
