UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 12/31/99
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: 308
Form 13F Information Table Entry Total: $676,422
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 1693 33037 SH SOLE 32377 660
AT&T CORP COM 001957109 1401 27344 SH DEFINED 25559 1785
AT&T CORP DEB CONV DEB 001957AG4 225 225000 PRN SOLE 225000
AT&T CORP CONV DEB 001957AU3 699 740000 PRN SOLE 740000
AT&T CORP CONV DEB 001957AV1 497 550000 PRN SOLE 550000
ABBOTT LABS COM 002824100 918 27000 SH SOLE 27000
ABBOTT LABS COM 002824100 34 1000 SH DEFINED 1000
AMERICAN EXPRESS CO COM 025816109 921 6088 SH SOLE 6088
AMERICAN EXPRESS CO CAP TRUST CONV PFD 02583Y205 509 25000 SH SOLE 25000
AMERICAN HOME PRODS CORP COM 026609107 6486 162664 SH SOLE 162664
AMERICAN HOME PRODS CORP COM 026609107 4352 109143 SH DEFINED 101643 6700 800
AMERICAN INTL GROUP INC COM 026874107 5930 60129 SH SOLE 59979 150
AMERICAN INTL GROUP INC COM 026874107 713 7237 SH DEFINED 7237
APPLE COMPUTER INC NTS CONV DEB 037833AA8 463 500000 PRN SOLE 500000
ASSOCIATES FIRST CAPITAL COM 046008108 190 7600 SH SOLE 7600
ASSOCIATES FIRST CAPITAL COM 046008108 137 5492 SH DEFINED 5492
ATLANTIC RICHFIELD CO COM 048825103 487 6030 SH SOLE 6030
ATLANTIC RICHFIELD CO COM 048825103 521 6450 SH DEFINED 6450
AUTOMATIC DATA PROCESSING COM 053015103 1461 28100 SH SOLE 28100
AUTOMATIC DATA PROCESSING COM 053015103 530 10200 SH DEFINED 9200 1000
BP AMOCO PLC COM 055622104 1424 24354 SH SOLE 24354
BP AMOCO PLC COM 055622104 2536 43356 SH DEFINED 43356
BP AMER INC GEN TERM NTS SR NT CONV DEB 055625AN7 25 25000 PRN SOLE 25000
BP AMER INC GEN TERM NTS SR NT CONV DEB 055625AN7 255 250000 PRN DEFINED 250000
BANC ONE CORP CONV DEB 059438AF8 402 410000 PRN SOLE 410000
BANC ONE CORP CONV DEB 059438AF8 98 100000 PRN DEFINED 100000
BANK OF AMERICA CORPORATION COM 060505104 1863 40889 SH SOLE 40776 113
BANK OF AMERICA CORPORATION COM 060505104 263 5791 SH DEFINED 5437 354
BANK OF BOSTON CORP CONV DEB 060716AX5 492 500000 PRN SOLE 500000
BANK OF BOSTON CORP CONV DEB 060716AX5 98 100000 PRN DEFINED 100000
BANK OF BOSTON CORP CONV DEB 060716BR7 398 410000 PRN SOLE 410000
BANK NEW YORK INC COM 064057102 812 22612 SH SOLE 22612
BANK OF NEW YORK CONV DEB 06406JAG0 460 500000 PRN SOLE 500000
BANK ONE CORP COM COM 06423A103 349 11660 SH SOLE 11560 100
BANK ONE CORP COM COM 06423A103 142 4752 SH DEFINED 4752
BANK AMERICA CORP SUB NT CONV DEB 066050BP9 929 910000 PRN SOLE 910000
BANK AMERICA CORP CONV DEB 066050BQ7 513 500000 PRN SOLE 500000
BANK AMERICA CORP CONV DEB 066050BS3 71 70000 PRN SOLE 70000
BANK AMERICA CORP CONV DEB 066050BS3 228 225000 PRN DEFINED 225000
BANKAMERICA CORP CONV DEB 066050BV6 400 400000 PRN SOLE 400000
BANK AMERICA CORP CONV DEB 066050BW4 217 215000 PRN SOLE 215000
BANKAMERICA CORP NOTE CONV DEB 066050BY0 252 255000 PRN SOLE 255000
BANK AMERICA CORP NTS CONV DEB 066050CB9 839 860000 PRN SOLE 860000
BANK AMERICA CORP CONV DEB 066050CD5 659 660000 PRN SOLE 660000
BANK AMERICA CORP CONV DEB 066050CD5 99 100000 PRN DEFINED 100000
BANKERS TR NY CORP CONV DEB 066365BD8 350 350000 PRN SOLE 350000
BANKERS TRUST NY CORP CONV DEB 066365BF3 505 510000 PRN SOLE 510000
BANKERS TRUST CONV DEB 066365BW6 461 500000 PRN SOLE 500000
BANKERS TRUST CONV DEB 066365BY2 242 250000 PRN SOLE 250000
BEAR STEARNS COS INC CONV DEB 073902AM0 582 600000 PRN SOLE 600000
BEAR STEARNS COS INC CONV DEB 073902AM0 194 200000 PRN DEFINED 200000
BEAR STEARNS CO CONV DEB 073902AZ1 451 475000 PRN SOLE 475000
BEAR STEARNS COS INC CONV DEB 073902BM9 262 275000 PRN SOLE 275000
BELL ATLANTIC CORP COM 077853109 3485 60087 SH SOLE 58853 1234
BELL ATLANTIC CORP COM 077853109 1702 29350 SH DEFINED 27344 1506 500
BELLSOUTH CORPORATION COM 079860102 2926 65680 SH SOLE 63200 2480
BELLSOUTH CORPORATION COM 079860102 1159 26030 SH DEFINED 23960 1096 974
BESTFOODS INC. COM 08658U101 388 7900 SH SOLE 7900
BESTFOODS INC. COM 08658U101 117 2400 SH DEFINED 2400
BOSTON SCIENTIFIC CORP COM 101137107 319 13660 SH SOLE 13660
BRISTOL MYERS SQUIBB CO. COM 110122108 16363 275022 SH SOLE 274422 600
BRISTOL MYERS SQUIBB CO. COM 110122108 9000 151267 SH DEFINED 141683 9584
BROADCOM CORP-CL A COM 111320107 1709 6700 SH SOLE 6700
BURLINGTON NORTHERN SANTA FE C COM 12189T104 330 15284 SH SOLE 15284
BURLINGTON NORTHERN SANTA FE C COM 12189T104 310 14355 SH DEFINED 13755 600
CIGNA CONV DEB 125509AF6 299 300000 PRN SOLE 300000
CNA FINANCIAL CORP CONV DEB 126117AK6 1113 1235000 PRN SOLE 1235000
CHASE MANHATTAN CORP NEW COM COM 16161A108 11140 157184 SH SOLE 156484 700
CHASE MANHATTAN CORP NEW COM COM 16161A108 1819 25666 SH DEFINED 23836 1830
CHASE MANHATTAN COR CONV DEB 16161AAP3 672 700000 PRN SOLE 700000
CHASE MANHATTAN COR CONV DEB 16161ABJ6 510 500000 PRN SOLE 500000
CHASE MANHATTAN COR CONV DEB 16161ABJ6 102 100000 PRN DEFINED 100000
CHEVRON CORP COM 166751107 1645 19674 SH SOLE 19674
CHEVRON CORP COM 166751107 443 5308 SH DEFINED 5308
CISCO SYSTEMS COM 17275R102 28118 275676 SH SOLE 275526 150
CISCO SYSTEMS COM 17275R102 3146 30850 SH DEFINED 29350 1500
CITIGROUP INC COM COM 172967101 7422 146622 SH SOLE 146322 300
CITIGROUP INC COM COM 172967101 1517 29971 SH DEFINED 27351 2220 400
CITICORP CONV DEB 173034GK9 506 510000 PRN SOLE 510000
CITICORP 7.5% DUE 8/25/10 CONV DEB 17303MDL0 385 400000 PRN SOLE 400000
CITICORP SUB MED TERM NOTES CONV DEB 17303MDS5 471 500000 PRN SOLE 500000
CITICORP MED TERM NOTE CONV DEB 17303MFD6 626 650000 PRN SOLE 650000
CITIGROUP CAPITAL V PREFERRED CONV PFD 17306K209 203 10000 SH SOLE 10000
COCA COLA CO COM 191216100 1273 22800 SH SOLE 22800
COCA COLA CO COM 191216100 494 8850 SH DEFINED 8850
COCA COLA ENTERPRISES INC NT CONV DEB 191219AM6 407 400000 PRN SOLE 400000
COCA-COLA ENTERPRISES CONV DEB 191219BF0 267 300000 PRN SOLE 300000
COLGATE PALMOLIVE CO COM 194162103 1098 18120 SH SOLE 18120
COLGATE PALMOLIVE CO COM 194162103 206 3400 SH DEFINED 2400 1000
COLGATE-PALMOLIVE CO CONV DEB 19416QCQ1 639 650000 PRN SOLE 650000
COMPAQ COMPUTER COM 204493100 541 18907 SH SOLE 17607 1300
COMPAQ COMPUTER COM 204493100 143 5000 SH DEFINED 5000
COMPAQ COMPUTER CORP. CONV DEB 204493AF7 401 400000 PRN SOLE 400000
CONSOLIDATED NAT GAS CO COM 209615103 45 700 SH SOLE 700
CONSOLIDATED NAT GAS CO COM 209615103 304 4700 SH DEFINED 4700
CONSOLIDATED NATURAL GAS CO CONV DEB 209615BM4 237 250000 PRN SOLE 250000
CORESTATES CAPITAL CORP CONV DEB 218693AH2 214 225000 PRN SOLE 225000
DAYTON HUDSON COM 239753106 6545 94950 SH SOLE 94950
DAYTON HUDSON COM 239753106 716 10400 SH DEFINED 10400
DEAN WITTER DISCOVER & CO. CONV DEB 24240VAC5 246 250000 PRN SOLE 250000
DELL COMPUTER CO. COM 247025109 13842 296900 SH SOLE 296700 200
DELL COMPUTER CO. COM 247025109 545 11700 SH DEFINED 11300 400
DEVEL. DIVERSIFIED REALTY CONV PFD 251591509 217 11000 SH SOLE 11000
WALT DISNEY PRODTNS COM 254687106 396 12500 SH SOLE 12500
WALT DISNEY PRODTNS COM 254687106 47 1500 SH DEFINED 1500
DOLE FOOD INC. CONV DEB 256605AB2 285 300000 PRN SOLE 300000
DOW CHEM CO COM 260543103 483 3750 SH SOLE 3750
DOW CHEM CO COM 260543103 803 6227 SH DEFINED 6027 200
DU PONT E I DE NEMOURS & CO COM 263534109 1457 22416 SH SOLE 22416
DU PONT E I DE NEMOURS & CO COM 263534109 1344 20686 SH DEFINED 20686
DU PONT E I DE NEMOURS & CO CONV DEB 263534AY5 207 200000 PRN SOLE 200000
EMC CORP COM 268648102 27262 253600 SH SOLE 253100 500
EMC CORP COM 268648102 1193 11100 SH DEFINED 10700 400
EASTMAN KODAK CO COM 277461109 26 425 SH SOLE 425
EASTMAN KODAK CO COM 277461109 611 9646 SH DEFINED 9646
ENRON CORP COM 293561106 877 20650 SH SOLE 20650
ENRON CORP COM 293561106 380 8960 SH DEFINED 8960
ENTERGY LOUISIANA, INC. CONV DEB 29364MAA8 461 500000 PRN SOLE 500000
EXXON MOBIL CORP COM 30231G102 19682 256240 SH SOLE 255940 300
EXXON MOBIL CORP COM 30231G102 16257 211651 SH DEFINED 210627 1024
FEDERATED DEPARTMENT STORES IN COM 31410H101 68 1400 SH SOLE 1400
FEDERATED DEPARTMENT STORES IN COM 31410H101 244 5000 SH DEFINED 5000
FIFTH THIRD BANCORP COM 316773100 1091 16313 SH SOLE 16313
FIFTH THIRD BANCORP COM 316773100 261 3900 SH DEFINED 3900
FIRST DATA CORPORATION CONV DEB 32006YAG7 373 400000 PRN SOLE 400000
FIRST SOURCE BANKCORP INC COM COM 33646K106 100 11958 SH SOLE 11958
FLEET/NORSTAR FINL CONV DEB 339018AF0 308 295000 PRN SOLE 295000
FLEET NATIONAL BANK CONV DEB 33901LAA2 262 300000 PRN SOLE 300000
FORD MTR CO DEL COM 345370100 2764 54598 SH SOLE 54498 100
FORD MTR CO DEL COM 345370100 610 12050 SH DEFINED 12050
FORD MOTOR CREDIT CO CONV DEB 345397GN7 765 750000 PRN SOLE 750000
FORD MOTOR CREDIT CONV DEB 345397GS6 504 500000 PRN SOLE 500000
FORD MOTOR CREDIT CONV DEB 345397GV9 559 575000 PRN SOLE 575000
FORD MOTOR CREDIT CO CONV DEB 345397SD6 441 455000 PRN SOLE 455000
FORD MOTOR CREDIT CO CONV DEB 345402YC9 493 500000 PRN SOLE 500000
G T E CORP COM 362320103 32 500 SH SOLE 500
G T E CORP COM 362320103 288 4400 SH DEFINED 3700 700
GTE NORTH INC. CONV DEB 362337AM9 283 320000 PRN SOLE 320000
GTE SOUTH INC. CONV DEB 36233TAH2 322 350000 PRN SOLE 350000
GAP INC COM 364760108 6086 146452 SH SOLE 146452
GAP INC COM 364760108 228 5500 SH DEFINED 5500
GENERAL ELEC CO COM 369604103 49960 346499 SH SOLE 346049 450
GENERAL ELEC CO COM 369604103 31161 216114 SH DEFINED 211314 4600 200
GENERAL ELECTRIC CAP GE CONV DEB 36962GSX3 480 500000 PRN SOLE 500000
GENERAL ELECTRIC CAP CORP CONV DEB 36962GTH7 1064 1100000 PRN SOLE 1100000
GENERAL ELECTRIC CAP CORP CONV DEB 36962GUK8 288 300000 PRN SOLE 300000
GENERAL MLS INC COM 370334104 101 3000 SH SOLE 3000
GENERAL MLS INC COM 370334104 114 3400 SH DEFINED 3400
GENERAL MOTORS ACCEPTANCE CORP CONV DEB 370424CK7 291 300000 PRN SOLE 300000
GENERAL MOTORS ACCEP CORP CONV DEB 370424GR8 516 500000 PRN SOLE 500000
GENERAL MOTORS ACCEPT CORP CONV DEB 370425RG7 278 300000 PRN SOLE 300000
GENERAL MOTORS ACCEPTANCE CORP CONV DEB 37042FVZ8 257 275000 PRN SOLE 275000
GENERAL MOTORS COM 370442105 737 10291 SH SOLE 10291
GENERAL MOTORS COM 370442105 605 8448 SH DEFINED 8362 86
GILLETTE CO COM 375766102 396 9966 SH SOLE 9966
GILLETTE CO COM 375766102 55 1400 SH DEFINED 1400
GREAT WESTERN FIN'L TR. I CONV PFD 39141F203 223 10000 SH SOLE 10000
GUIDANT CORP COM 401698105 371 8300 SH SOLE 8300
GUIDANT CORP COM 401698105 85 1900 SH DEFINED 1900
ITT HARTFORD CAPITAL PFD CONV PFD 416315208 286 13600 SH SOLE 13600
HELLER FINANCIAL CORP CONV DEB 423328AW3 550 550000 PRN SOLE 550000
HELLER FINANCIAL NOTES CONV DEB 423328BG7 297 300000 PRN SOLE 300000
HEWLETT-PACKARD COM 428236103 586 5400 SH SOLE 5400
HEWLETT-PACKARD COM 428236103 781 7200 SH DEFINED 7200
HOME DEPOT INC COM 437076102 13505 218712 SH SOLE 218712
HOME DEPOT INC COM 437076102 1766 28600 SH DEFINED 25900 2250 450
HONEYWELL INTL INC COM COM 438516106 5569 100017 SH SOLE 99617 400
HONEYWELL INTL INC COM COM 438516106 835 15000 SH DEFINED 14500 500
HOUSEHOLD FINANCE CONV DEB 441812FT6 615 625000 PRN SOLE 625000
HOUSEHOLD FINANCE CORP CONV DEB 441812GJ7 494 500000 PRN SOLE 500000
I.E.S. UTLITIES INC. CONV PFD 44949R508 221 10000 SH SOLE 10000
INGERSOLL RAND CO COM 456866102 210 4050 SH SOLE 4050
INTEL CORP COM 458140100 11074 133532 SH SOLE 132932 600
INTEL CORP COM 458140100 2181 26300 SH DEFINED 22700 3600
INTERNATIONAL BUSINESS MACHS C COM 459200101 816 7285 SH SOLE 7285
INTERNATIONAL BUSINESS MACHS C COM 459200101 1013 9048 SH DEFINED 7248 1800
INTERNATIONAL BUSINESS MACHINE CONV DEB 459200AJ0 506 500000 PRN SOLE 500000
IBM CORPORATION CONV DEB 45920QBM5 263 300000 PRN SOLE 300000
JOHNSON & JOHNSON COM 478160104 25928 291944 SH SOLE 87344 204600
JOHNSON & JOHNSON COM 478160104 23550 265175 SH DEFINED 191838 73337
LEHMAN BROTHERS INC CONV DEB 524909BB3 297 300000 PRN SOLE 300000
LEHMAN BROTHERS HOLDINGS CONV DEB 52517PPZ8 293 300000 PRN SOLE 300000
LILY ELI & CO COM 532457108 63 1000 SH SOLE 1000
LILY ELI & CO COM 532457108 792 12560 SH DEFINED 12560
LIMITED INC NT CONV DEB 532716AE7 505 500000 PRN SOLE 500000
LIMITED INC NT CONV DEB 532716AE7 252 250000 PRN DEFINED 250000
LUCENT TECHNOLOGIES COM 549463107 19158 256950 SH SOLE 255850 1100
LUCENT TECHNOLOGIES COM 549463107 4613 61878 SH DEFINED 57896 2848 1134
MBNA CORP COM 55262L100 4485 176325 SH SOLE 175525 800
MBNA CORP COM 55262L100 742 29200 SH DEFINED 27100 1600 500
MCI CORP 8.0% PFD. CONV PFD 55267Y206 321 14600 SH SOLE 14600
MCI WORLDCOM INC COM COM 55268B106 4176 84375 SH SOLE 84075 300
MCI WORLDCOM INC COM COM 55268B106 409 8280 SH DEFINED 8280
MAY DEPT STORES CO COM 577778103 177 5664 SH SOLE 5664
MAY DEPT STORES CO COM 577778103 56 1800 SH DEFINED 1800
MCCORMICK SUB NT CONV DEB 579780AB3 257 250000 PRN SOLE 250000
MC DONALDS CORP COM 580135101 163 4200 SH SOLE 4200
MC DONALDS CORP COM 580135101 104 2700 SH DEFINED 2700
MCGRAW-HILL COMPANIES COM 580645109 239 4300 SH SOLE 4300
MCGRAW-HILL COMPANIES COM 580645109 215 3860 SH DEFINED 3060 800
MEDIAONE GROUP INC COM COM 58440J104 150 1934 SH SOLE 1934
MEDIAONE GROUP INC COM COM 58440J104 128 1657 SH DEFINED 1548 109
MEDTRONIC, INC COM 585055106 4664 135200 SH SOLE 134600 600
MEDTRONIC, INC COM 585055106 351 10200 SH DEFINED 10200
MELLON BANK SUB NOTES CONV DEB 585907AF5 263 275000 PRN SOLE 275000
MELLON BANK SUB NOTES CONV DEB 585907AF5 95 100000 PRN DEFINED 100000
MERCK & CO INC COM 589331107 44417 682685 SH SOLE 328316 354369
MERCK & CO INC COM 589331107 12318 189328 SH DEFINED 186300 2200 828
MERRILL LYNCH & CO INC CONV DEB 590188DY1 309 300000 PRN SOLE 300000
MERRILL LYNCH CONV DEB 590188ES3 625 650000 PRN SOLE 650000
MERRILL LYNCH & CO CONV DEB 590188JP4 268 300000 PRN SOLE 300000
MERRILL LYNCH CONV DEB 59018SY24 418 445000 PRN SOLE 445000
MICROSOFT CORP COM 594918104 22919 203500 SH SOLE 203500
MICROSOFT CORP COM 594918104 2680 23800 SH DEFINED 20900 2700 200
MIDDLESEX WTR CO COM 596680108 342 11060 SH SOLE 11060
MIDDLESEX WTR CO COM 596680108 48 1577 SH DEFINED 500 1077
MINNESOTA MNG & MFG CO COM 604059105 685 7566 SH SOLE 7566
MINNESOTA MNG & MFG CO COM 604059105 1127 12440 SH DEFINED 12240 200
MONSANTO CO COM 611662107 174 5100 SH SOLE 5100
MONSANTO CO COM 611662107 267 7800 SH DEFINED 7000 800
MORGAN J P & CO INC COM 616880100 988 8565 SH SOLE 8565
MORGAN J P & CO INC COM 616880100 923 8002 SH DEFINED 7902 100
J P MORGAN & CO SUB NTS CONV DEB 616880BG4 224 250000 PRN SOLE 250000
MORGAN JP & CO INC CONV DEB 616880BT6 284 300000 PRN SOLE 300000
MORGAN STANLEY FIN. PLC CONV PFD 616906707 477 21000 SH SOLE 21000
MORGAN STANLEY DEAN WITTER COM 617446448 214 1716 SH SOLE 1716
NATIONAL WESTMINSTER BANK PLC COM 638539403 766 6086 SH SOLE 6086
NATIONS BANK CORP SUB NOTES CONV DEB 638585AJ8 254 250000 PRN SOLE 250000
NETWORK APPLIANCE INC COM 64120L104 10446 140700 SH SOLE 140700
NETWORK APPLIANCE INC COM 64120L104 148 2000 SH DEFINED 2000
NY REGIONAL RAIL CORP COM 649768108 7 17000 SH SOLE 17000
NEW YORK TIMES CO. NTS CONV DEB 650111AA5 1021 1000000 PRN SOLE 1000000
NOKIA CORPORATION - SPON ADR COM 654902204 6655 38250 SH SOLE 38250
NOKIA CORPORATION - SPON ADR COM 654902204 574 3300 SH DEFINED 3300
NORTEL NETWORKS CORP COM COM 656569100 576 6100 SH SOLE 6100
NORTEL NETWORKS CORP COM COM 656569100 283 3000 SH DEFINED 2200 800
NORTHERN STATE PWR CO CONV DEB 665772BM0 304 300000 PRN SOLE 300000
ORACLE SYSTEMS CORP. COM 68389X105 357 3317 SH SOLE 3317
PPG INDS INC COM 693506107 312 5400 SH DEFINED 5400
PACIFIC GAS & ELEC NTS CONV DEB 694308EA1 264 260000 PRN SOLE 260000
PACIFIC GAS & ELEC CO CONV DEB 694308EW3 279 300000 PRN SOLE 300000
PACIFIC TELEPHONE & TELEGRAPH CONV DEB 694886AR3 523 540000 PRN SOLE 540000
PACIFIC TELESIS FINANCING CONV PFD 694887209 286 13000 SH SOLE 13000
PACIFICORP 8.25% PFD CONV PFD 695115204 246 11000 SH SOLE 11000
PEPSICO INC COM 713448108 1013 28200 SH SOLE 27300 900
PEPSICO INC COM 713448108 370 10300 SH DEFINED 9900 400
PFIZER INC COM 717081103 5875 191450 SH SOLE 190750 700
PFIZER INC COM 717081103 914 29800 SH DEFINED 29200 600
PHILIP MORRIS COMPANIES COM 718154107 540 22880 SH SOLE 22880
PHILIP MORRIS CO INC NTS CONV DEB 718154BQ9 537 540000 PRN SOLE 540000
PHILIP MORRIS CONV DEB 718154BU0 278 280000 PRN SOLE 280000
PHILIP MORRIS CO. CONV DEB 718154BV8 467 475000 PRN SOLE 475000
PHILLIPS PETE CO COM 718507106 144 3250 SH SOLE 3250
PHILLIPS PETE CO COM 718507106 111 2500 SH DEFINED 2500
POTOMAC ELECTRIC POWER CONV DEB 737679CM0 380 400000 PRN SOLE 400000
PROCTER & GAMBLE CO COM 742718109 6446 61321 SH SOLE 61321
PROCTER & GAMBLE CO COM 742718109 4567 43444 SH DEFINED 42444 1000
PUBLIC SERVICE ENTERPRISE GROU COM 744573106 194 5654 SH SOLE 5654
PUBLIC SERVICE ENTERPRISE GROU COM 744573106 137 3997 SH DEFINED 2997 1000
QUALCOMM INC COM 747525103 664 4100 SH SOLE 4100
REPUBLIC NEW YORK CORP SUB NT CONV DEB 760719AT1 253 250000 PRN SOLE 250000
SBC COMMUNICATION COM 78387G103 1074 24284 SH SOLE 23999 285
SBC COMMUNICATION COM 78387G103 1136 25679 SH DEFINED 23111 1558 1010
SALOMON SMITH BARNEY HLD CONV DEB 79548GAH0 243 250000 PRN SOLE 250000
SALOMON INC NTS CONV DEB 79549BCF2 485 500000 PRN SOLE 500000
SARA LEE CORP COM 803111103 126 6000 SH SOLE 6000
SARA LEE CORP COM 803111103 128 6100 SH DEFINED 6100
SCHERING PLOUGH CORP COM 806605101 217 5732 SH SOLE 5732
SCHLUMBERGER LTD COM 806857108 398 7350 SH SOLE 7350
SCHLUMBERGER LTD COM 806857108 254 4700 SH DEFINED 4700
SEAGRAM COMPANY CONV DEB 811850AE6 538 525000 PRN SOLE 525000
SOLECTRON CORP COM 834182107 6326 73300 SH SOLE 73300
SOLECTRON CORP COM 834182107 388 4500 SH DEFINED 4500
SOUTHERN CALIF EDISON CO CONV DEB 842400DH3 284 300000 PRN SOLE 300000
SOUTHERN CO COM 842587107 92 4003 SH SOLE 4003
SOUTHERN CO COM 842587107 194 8436 SH DEFINED 8436
SOUTHERN NEW ENGLAND TELECOM N CONV DEB 84348QAH0 467 475000 PRN SOLE 475000
SOUTHWESTERN BELL TEL CO CONV DEB 845335AG3 235 260000 PRN SOLE 260000
SPRINT CORP NOTES CONV DEB 852061AC4 510 500000 PRN SOLE 500000
STANDARD FEDERAL BANCORP CONV DEB 85338QAA4 298 300000 PRN SOLE 300000
TEXACO INC COM 881694103 1237 23804 SH SOLE 23804
TEXACO INC COM 881694103 456 8782 SH DEFINED 7782 1000
TEXAS INSTRS INC COM 882508104 655 6650 SH SOLE 6650
TEXAS INSTRS INC COM 882508104 315 3200 SH DEFINED 3200
THOMAS & BETTS CORP COM 884315102 61 2000 SH SOLE 2000
THOMAS & BETTS CORP COM 884315102 172 5600 SH DEFINED 5600
TRANSAMERICA FINANCIAL CORP CONV DEB 89350LJR4 478 500000 PRN SOLE 500000
TYCO INTERNATIONAL LTD COM 902124106 7849 216150 SH SOLE 215750 400
TYCO INTERNATIONAL LTD COM 902124106 711 19600 SH DEFINED 19200 400
UNION PAC RR CO CONV DEB 907821N57 239 255000 PRN SOLE 255000
UNITED NATIONAL BANCORP COM 910909100 13380 681808 SH SOLE 678865 2943
UNITED NATIONAL BANCORP COM 910909100 13058 665419 SH DEFINED 604176 61243
UNITED MISSOURI BANCSHARES CONV DEB 91102QAA6 1000 1000000 PRN SOLE 1000000
US LEASING INTERNATIONAL INC CONV DEB 912129AE3 317 325000 PRN SOLE 325000
US LEASING INTERNATIONAL INC CONV DEB 912129AE3 48 50000 PRN DEFINED 50000
US LEASING CONV DEB 912129AF0 285 300000 PRN SOLE 300000
U S WEST INC NEW COM COM 91273H101 658 9893 SH SOLE 9893
U S WEST INC NEW COM COM 91273H101 167 2520 SH DEFINED 2387 133
UNITED TECHNOLOGIES CORP COM 913017109 2836 47316 SH SOLE 47316
UNITED TECHNOLOGIES CORP COM 913017109 749 12500 SH DEFINED 12500
VODAFONE AIRTOUCH PLC COM 92857T107 156 3265 SH SOLE 3265
VODAFONE AIRTOUCH PLC COM 92857T107 255 5340 SH DEFINED 5340
WALMART COM 931142103 595 9275 SH SOLE 9275
WARNER LAMBERT CO COM 934488107 345 4350 SH SOLE 4350
WARNER LAMBERT CO COM 934488107 19 250 SH DEFINED 250
WEST PENN POWER CONV DEB 95527PAC2 382 400000 PRN SOLE 400000
XEROX CORP CONV DEB 984121AT0 254 250000 PRN SOLE 250000
XEROX CORP CONV DEB 98412JBK9 242 250000 PRN SOLE 250000
</TABLE>
