UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 03/31/00
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: 301
Form 13F Information Table Entry Total: $706,734
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
- ------------------------------ ---------------- --------- -------- --- --- --- ---- ------- ------------- ------- --------- ------
AES CORPORATION COM 00130H105 283 3600 SH SOLE 3300 300
AT&T CORP COM 001957109 1872 33260 SH SOLE 32600 660
AT&T CORP COM 001957109 1518 26961 SH DEFINED 25186 1775
AT&T CORP CONV DEB 001957AU3 696 740000 PRN SOLE 740000
AT&T CORP CONV DEB 001957AV1 497 550000 PRN SOLE 550000
ABBOTT LABS COM 002824100 897 25500 SH SOLE 25500
ABBOTT LABS COM 002824100 35 1000 SH DEFINED 1000
AMERICAN EXPRESS CO COM 025816109 906 6088 SH SOLE 6088
AMERICAN EXPRESS CO CAP TRUST CONV PFD 02583Y205 543 25000 SH SOLE 25000
AMERICAN HOME PRODS CORP COM 026609107 6704 124739 SH SOLE 124739
AMERICAN HOME PRODS CORP COM 026609107 5780 107543 SH DEFINED 100043 6700 800
AMERICAN INTL GROUP INC COM 026874107 7944 72554 SH SOLE 72254 300
AMERICAN INTL GROUP INC COM 026874107 945 8637 SH DEFINED 8237 400
APPLE COMPUTER INC NTS CONV DEB 037833AA8 446 500000 PRN SOLE 500000
ATLANTIC RICHFIELD CO COM 048825103 413 4864 SH SOLE 4864
ATLANTIC RICHFIELD CO COM 048825103 416 4902 SH DEFINED 4902
AUTOMATIC DATA PROCESSING COM 053015103 1273 26400 SH SOLE 26400
AUTOMATIC DATA PROCESSING COM 053015103 492 10200 SH DEFINED 9200 1000
BP AMOCO PLC COM 055622104 961 18060 SH SOLE 18060
BP AMOCO PLC COM 055622104 2139 40186 SH DEFINED 40186
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 253 250000 PRN DEFINED 250000
BANC ONE CORP CONV DEB 059438AF8 300 310000 PRN SOLE 310000
BANC ONE CORP CONV DEB 059438AF8 96 100000 PRN DEFINED 100000
BANK OF AMERICA CORPORATION COM 060505104 2123 40489 SH SOLE 40376 113
BANK OF AMERICA CORPORATION COM 060505104 324 6191 SH DEFINED 5837 354
BANK OF BOSTON CORP CONV DEB 060716AX5 490 500000 PRN SOLE 500000
BANK OF BOSTON CORP CONV DEB 060716AX5 98 100000 PRN DEFINED 100000
BANK OF BOSTON CORP CONV DEB 060716BR7 396 410000 PRN SOLE 410000
BANK NEW YORK INC COM 064057102 916 22062 SH SOLE 22062
BANK OF NEW YORK CONV DEB 06406JAG0 466 500000 PRN SOLE 500000
BANK ONE CORP COM COM 06423A103 124 3600 SH SOLE 3600
BANK ONE CORP COM COM 06423A103 120 3480 SH DEFINED 3480
BANK AMERICA CORP SUB NT CONV DEB 066050BP9 920 910000 PRN SOLE 910000
BANK AMERICA CORP CONV DEB 066050BQ7 508 500000 PRN SOLE 500000
BANK AMERICA CORP CONV DEB 066050BS3 70 70000 PRN SOLE 70000
BANK AMERICA CORP CONV DEB 066050BS3 226 225000 PRN DEFINED 225000
BANKAMERICA CORP CONV DEB 066050BV6 397 400000 PRN SOLE 400000
BANK AMERICA CORP CONV DEB 066050BW4 215 215000 PRN SOLE 215000
BANKAMERICA CORP NOTE CONV DEB 066050BY0 250 255000 PRN SOLE 255000
BANK AMERICA CORP NTS CONV DEB 066050CB9 845 860000 PRN SOLE 860000
BANKERS TR NY CORP CONV DEB 066365BD8 249 250000 PRN SOLE 250000
BANKERS TRUST NY CORP CONV DEB 066365BF3 504 510000 PRN SOLE 510000
BANKERS TRUST CONV DEB 066365BW6 484 500000 PRN SOLE 500000
BANKERS TRUST CONV DEB 066365BY2 241 250000 PRN SOLE 250000
BEAR STEARNS COS INC CONV DEB 073902AM0 578 600000 PRN SOLE 600000
BEAR STEARNS COS INC CONV DEB 073902AM0 192 200000 PRN DEFINED 200000
BEAR STEARNS CO CONV DEB 073902AZ1 456 475000 PRN SOLE 475000
BEAR STEARNS COS INC CONV DEB 073902BM9 251 265000 PRN SOLE 265000
BELL ATLANTIC CORP COM 077853109 3641 59567 SH SOLE 58333 1234
BELL ATLANTIC CORP COM 077853109 1708 27950 SH DEFINED 26360 1090 500
BELLSOUTH CORPORATION COM 079860102 3039 64848 SH SOLE 62848 2000
BELLSOUTH CORPORATION COM 079860102 1203 25672 SH DEFINED 21764 2944 964
BESTFOODS INC. COM 08658U101 327 7000 SH SOLE 7000
BESTFOODS INC. COM 08658U101 93 2000 SH DEFINED 2000
BOSTON SCIENTIFIC CORP COM 101137107 291 13660 SH DEFINED 13660
BRISTOL MYERS SQUIBB CO. COM 110122108 15948 274978 SH SOLE 274278 700
BRISTOL MYERS SQUIBB CO. COM 110122108 8614 148531 SH DEFINED 138147 10384
BROADCOM CORP-CL A COM 111320107 6569 27050 SH SOLE 27050
BURLINGTON NORTHERN SANTA FE C COM 12189T104 286 12609 SH SOLE 12609
BURLINGTON NORTHERN SANTA FE C COM 12189T104 326 14355 SH DEFINED 13755 600
CIGNA CONV DEB 125509AF6 295 300000 PRN SOLE 300000
CNA FINANCIAL CORP CONV DEB 126117AK6 1073 1235000 PRN SOLE 1235000
CHASE MANHATTAN CORP NEW COM COM 16161A108 13578 155734 SH SOLE 155034 700
CHASE MANHATTAN CORP NEW COM COM 16161A108 2438 27966 SH DEFINED 26136 1830
CHASE MANHATTAN COR CONV DEB 16161AAP3 666 700000 PRN SOLE 700000
CHASE MANHATTAN COR CONV DEB 16161ABJ6 509 500000 PRN SOLE 500000
CHASE MANHATTAN COR CONV DEB 16161ABJ6 101 100000 PRN DEFINED 100000
CHASE MANHATTAN CORP CONV DEB 16161NBF6 696 700000 PRN SOLE 700000
CHEVRON CORP COM 166751107 1748 18914 SH SOLE 18914
CHEVRON CORP COM 166751107 490 5308 SH DEFINED 5308
CISCO SYSTEMS COM 17275R102 42536 550192 SH SOLE 549092 1100
CISCO SYSTEMS COM 17275R102 5620 72700 SH DEFINED 68600 4100
CITIGROUP INC COM COM 172967101 12281 205119 SH SOLE 204619 500
CITIGROUP INC COM COM 172967101 2016 33671 SH DEFINED 30051 3220 400
CITICORP CONV DEB 173034GK9 503 510000 PRN SOLE 510000
CITICORP 7.5% DUE 8/25/10 CONV DEB 17303MDL0 387 400000 PRN SOLE 400000
CITICORP SUB MED TERM NOTES CONV DEB 17303MDS5 474 500000 PRN SOLE 500000
CITICORP MED TERM NOTE CONV DEB 17303MFD6 628 650000 PRN SOLE 650000
CITIGROUP CAPITAL V PREFERRED CONV PFD 17306K209 213 10000 SH SOLE 10000
CITIZENS UTILITIES CO CONV DEB 177342AJ1 300 300000 PRN SOLE 300000
COCA COLA CO COM 191216100 957 20400 SH SOLE 20400
COCA COLA CO COM 191216100 387 8250 SH DEFINED 8250
COCA COLA ENTERPRISES INC NT CONV DEB 191219AM6 403 400000 PRN SOLE 400000
COCA-COLA ENTERPRISES CONV DEB 191219BF0 267 300000 PRN SOLE 300000
COLGATE PALMOLIVE CO COM 194162103 1066 18920 SH SOLE 18920
COLGATE PALMOLIVE CO COM 194162103 208 3700 SH DEFINED 2400 1100 200
COLGATE-PALMOLIVE CO CONV DEB 19416QCQ1 636 650000 PRN SOLE 650000
COMPAQ COMPUTER COM 204493100 411 15257 SH SOLE 14357 900
COMPAQ COMPUTER COM 204493100 83 3100 SH DEFINED 3100
COMPAQ COMPUTER CORP. CONV DEB 204493AF7 400 400000 PRN SOLE 400000
CONSOLIDATED NATURAL GAS CO CONV DEB 209615BM4 236 250000 PRN SOLE 250000
CORESTATES CAPITAL CORP CONV DEB 218693AH2 212 225000 PRN SOLE 225000
DEAN WITTER DISCOVER & CO. CONV DEB 24240VAC5 246 250000 PRN SOLE 250000
DELL COMPUTER CO. COM 247025109 12373 229400 SH SOLE 228600 800
DELL COMPUTER CO. COM 247025109 598 11100 SH DEFINED 10700 400
DEVEL. DIVERSIFIED REALTY CONV PFD 251591509 239 11000 SH SOLE 11000
WALT DISNEY PRODTNS COM 254687106 367 8900 SH SOLE 8900
WALT DISNEY PRODTNS COM 254687106 61 1500 SH DEFINED 1500
DOLE FOOD INC. CONV DEB 256605AB2 271 300000 PRN SOLE 300000
DOW CHEM CO COM 260543103 427 3750 SH SOLE 3750
DOW CHEM CO COM 260543103 678 5950 SH DEFINED 5750 200
DU PONT E I DE NEMOURS & CO COM 263534109 1105 20888 SH SOLE 20888
DU PONT E I DE NEMOURS & CO COM 263534109 1095 20686 SH DEFINED 20686
DU PONT E I DE NEMOURS & CO CONV DEB 263534AY5 206 200000 PRN SOLE 200000
EMC CORP COM 268648102 31915 253300 SH SOLE 252500 800
EMC CORP COM 268648102 2075 16475 SH DEFINED 15400 675 400
EASTMAN KODAK CO COM 277461109 66 1225 SH SOLE 1225
EASTMAN KODAK CO COM 277461109 523 9646 SH DEFINED 9646
ENRON CORP COM 293561106 6469 86400 SH SOLE 85900 500
ENRON CORP COM 293561106 970 12960 SH DEFINED 12560 300 100
ENTERGY LOUISIANA, INC. CONV DEB 29364MAA8 461 500000 PRN SOLE 500000
EXXON MOBIL CORP COM 30231G102 18901 242523 SH SOLE 242223 300
EXXON MOBIL CORP COM 30231G102 14729 188987 SH DEFINED 187699 1288
FIFTH THIRD BANCORP COM 316773100 1027 16313 SH SOLE 16313
FIFTH THIRD BANCORP COM 316773100 245 3900 SH DEFINED 3900
FIRST DATA CORPORATION CONV DEB 32006YAG7 378 400000 PRN SOLE 400000
FIRST SENTINEL BANCORP INC COM 33640T103 91 11958 SH SOLE 11958
FIRST SENTINEL BANCORP INC COM 33640T103 44 5729 SH DEFINED 5729
FLEET/NORSTAR FINL CONV DEB 339018AF0 308 295000 PRN SOLE 295000
FLEET NATIONAL BANK CONV DEB 33901LAA2 263 300000 PRN SOLE 300000
FORD MTR CO DEL COM 345370100 2209 48098 SH SOLE 47698 400
FORD MTR CO DEL COM 345370100 608 13250 SH DEFINED 13250
FORD MOTOR CREDIT CO CONV DEB 345397GN7 758 750000 PRN SOLE 750000
FORD MOTOR CREDIT CONV DEB 345397GS6 499 500000 PRN SOLE 500000
FORD MOTOR CREDIT CONV DEB 345397GV9 531 550000 PRN SOLE 550000
FORD MOTOR CREDIT CO CONV DEB 345397SD6 440 455000 PRN SOLE 455000
FORD MOTOR CREDIT CO CONV DEB 345402YC9 490 500000 PRN SOLE 500000
G T E CORP COM 362320103 92 1300 SH SOLE 1300
G T E CORP COM 362320103 312 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 7399 148552 SH SOLE 148052 500
GAP INC COM 364760108 303 6100 SH DEFINED 6100
GENERAL ELEC CO COM 369604103 52085 334689 SH SOLE 333989 700
GENERAL ELEC CO COM 369604103 32076 206114 SH DEFINED 199414 6400 300
GENERAL ELECTRIC CAP GE CONV DEB 36962GSX3 479 500000 PRN SOLE 500000
GENERAL ELECTRIC CAP CORP CONV DEB 36962GTH7 1075 1100000 PRN SOLE 1100000
GENERAL ELECTRIC CAP CORP CONV DEB 36962GUK8 291 300000 PRN SOLE 300000
GENERAL ELECTRIC CAP CORP CONV DEB 36962GUL6 203 200000 PRN SOLE 200000
GENERAL ELECTRIC CAPITAL CORP CONV DEB 36962GUP7 299 300000 PRN SOLE 300000
GENERAL MOTORS ACCEPTANCE CORP CONV DEB 370424CK7 290 300000 PRN SOLE 300000
GENERAL MOTORS ACCEP CORP CONV DEB 370424GR8 510 500000 PRN SOLE 500000
GENERAL MOTORS ACCEPT CORP CONV DEB 370425RG7 276 300000 PRN SOLE 300000
GENERAL MOTORS ACCEPTANCE CORP CONV DEB 370425RP7 321 320000 PRN SOLE 320000
GENERAL MOTORS ACCEPTANCE CORP CONV DEB 37042FVZ8 256 275000 PRN SOLE 275000
GENERAL MOTORS COM 370442105 787 9514 SH SOLE 9514
GENERAL MOTORS COM 370442105 673 8128 SH DEFINED 8128
GILLETTE CO COM 375766102 352 9366 SH SOLE 9366
GILLETTE CO COM 375766102 52 1400 SH DEFINED 1400
GREAT WESTERN FIN'L TR. I CONV PFD 39141F203 222 10000 SH SOLE 10000
GUIDANT CORP COM 401698105 276 4700 SH SOLE 4700
GUIDANT CORP COM 401698105 82 1400 SH DEFINED 1400
ITT HARTFORD CAPITAL PFD CONV PFD 416315208 294 13600 SH SOLE 13600
HELLER FINANCIAL CORP CONV DEB 423328AW3 549 550000 PRN SOLE 550000
HELLER FINANCIAL NOTES CONV DEB 423328BG7 297 300000 PRN SOLE 300000
HEWLETT-PACKARD COM 428236103 690 5200 SH SOLE 5200
HEWLETT-PACKARD COM 428236103 558 4200 SH DEFINED 4200
HOME DEPOT INC COM 437076102 14038 217657 SH SOLE 217257 400
HOME DEPOT INC COM 437076102 2122 32900 SH DEFINED 29600 2850 450
HONEYWELL INTL INC COM COM 438516106 4925 93492 SH SOLE 93292 200
HONEYWELL INTL INC COM COM 438516106 853 16200 SH DEFINED 15400 800
HOUSEHOLD FINANCE CONV DEB 441812FT6 586 600000 PRN SOLE 600000
HOUSEHOLD FINANCE CORP CONV DEB 441812GJ7 491 500000 PRN SOLE 500000
I.E.S. UTLITIES INC. CONV PFD 44949R508 211 10000 SH SOLE 10000
INTEL CORP COM 458140100 16991 128782 SH SOLE 127882 900
INTEL CORP COM 458140100 5132 38900 SH DEFINED 35100 3800
INTERNATIONAL BUSINESS MACHS C COM 459200101 1208 10238 SH SOLE 10238
INTERNATIONAL BUSINESS MACHS C COM 459200101 1008 8548 SH DEFINED 6748 1800
INTERNATIONAL BUSINESS MACHINE CONV DEB 459200AJ0 501 500000 PRN SOLE 500000
IBM CORPORATION CONV DEB 45920QBM5 267 300000 PRN SOLE 300000
JOHNSON & JOHNSON COM 478160104 5929 84405 SH SOLE 84405
JOHNSON & JOHNSON COM 478160104 18173 258697 SH DEFINED 185360 73337
LEHMAN BROTHERS INC CONV DEB 524909BB3 295 300000 PRN SOLE 300000
LEHMAN BROTHERS HOLDINGS CONV DEB 52517PPZ8 292 300000 PRN SOLE 300000
LEHMAN BROTHERS HOLDINGS CONV DEB 52517PQT1 491 500000 PRN SOLE 500000
LILY ELI & CO COM 532457108 62 1000 SH SOLE 1000
LILY ELI & CO COM 532457108 786 12560 SH DEFINED 12560
LIMITED INC NT CONV DEB 532716AE7 501 500000 PRN SOLE 500000
LIMITED INC NT CONV DEB 532716AE7 250 250000 PRN DEFINED 250000
LUCENT TECHNOLOGIES COM 549463107 14797 241597 SH SOLE 240133 1464
LUCENT TECHNOLOGIES COM 549463107 3730 60901 SH DEFINED 56920 2848 1133
MBNA CORP COM 55262L100 4361 171025 SH SOLE 170325 700
MBNA CORP COM 55262L100 808 31700 SH DEFINED 29600 1600 500
MCI CORP 8.0% PFD. CONV PFD 55267Y206 328 14600 SH SOLE 14600
MCI WORLDCOM INC COM COM 55268B106 3120 68875 SH SOLE 68375 500
MCI WORLDCOM INC COM COM 55268B106 463 10230 SH DEFINED 10230
MCCORMICK SUB NT CONV DEB 579780AB3 255 250000 PRN SOLE 250000
MCGRAW-HILL COMPANIES COM 580645109 150 3300 SH SOLE 3300
MCGRAW-HILL COMPANIES COM 580645109 118 2600 SH DEFINED 1800 800
MEDIAONE GROUP INC COM COM 58440J104 156 1934 SH SOLE 1934
MEDIAONE GROUP INC COM COM 58440J104 125 1548 SH DEFINED 1548
MEDTRONIC, INC COM 585055106 6619 128700 SH SOLE 127700 1000
MEDTRONIC, INC COM 585055106 560 10900 SH DEFINED 10400 500
MELLON BANK SUB NOTES CONV DEB 585907AF5 262 275000 PRN SOLE 275000
MELLON BANK SUB NOTES CONV DEB 585907AF5 95 100000 PRN DEFINED 100000
MERCK & CO INC COM 589331107 19545 314616 SH SOLE 313316 1300
MERCK & CO INC COM 589331107 11128 179128 SH DEFINED 175700 2600 828
MERRILL LYNCH & CO INC CONV DEB 590188DY1 305 300000 PRN SOLE 300000
MERRILL LYNCH CONV DEB 590188ES3 622 650000 PRN SOLE 650000
MERRILL LYNCH & CO CONV DEB 590188JP4 267 300000 PRN SOLE 300000
MERRILL LYNCH CONV DEB 59018SY24 415 445000 PRN SOLE 445000
MICROSOFT CORP COM 594918104 20798 195750 SH SOLE 195450 300
MICROSOFT CORP COM 594918104 3782 35600 SH DEFINED 30750 2950 1900
MIDDLESEX WTR CO COM 596680108 320 11060 SH SOLE 11060
MIDDLESEX WTR CO COM 596680108 4 154 SH DEFINED 154
MINNESOTA MNG & MFG CO COM 604059105 537 6066 SH SOLE 6066
MINNESOTA MNG & MFG CO COM 604059105 938 10600 SH DEFINED 10400 200
MONSANTO CO COM 611662107 242 4700 SH SOLE 4700
MONSANTO CO COM 611662107 370 7200 SH DEFINED 6600 600
MORGAN J P & CO INC COM 616880100 801 6085 SH SOLE 6085
MORGAN J P & CO INC COM 616880100 836 6352 SH DEFINED 6252 100
J P MORGAN & CO SUB NTS CONV DEB 616880BG4 236 250000 PRN SOLE 250000
MORGAN JP & CO INC CONV DEB 616880BT6 283 300000 PRN SOLE 300000
MORGAN STANLEY FIN. PLC CONV PFD 616906707 494 21000 SH SOLE 21000
MORGAN STANLEY DEAN WITTER COM 617446448 284 3432 SH SOLE 3432
NATIONAL WESTMINSTER BANK PLC COM 638539403 745 6086 SH SOLE 6086
NATIONS BANK CORP SUB NOTES CONV DEB 638585AJ8 252 250000 PRN SOLE 250000
NETWORK APPLIANCE INC COM 64120L104 25842 312300 SH SOLE 312100 200
NETWORK APPLIANCE INC COM 64120L104 463 5600 SH DEFINED 5600
NY REGIONAL RAIL CORP COM 649768108 7 17000 SH SOLE 17000
NEW YORK TIMES CO. NTS CONV DEB 650111AA5 1018 1000000 PRN SOLE 1000000
NOKIA CORPORATION - SPON ADR COM 654902204 13897 62600 SH SOLE 62450 150
NOKIA CORPORATION - SPON ADR COM 654902204 1021 4600 SH DEFINED 4600
NORTEL NETWORKS CORP COM COM 656569100 2598 20600 SH SOLE 20600
NORTEL NETWORKS CORP COM COM 656569100 403 3200 SH DEFINED 2200 1000
NORTHERN STATE PWR CO CONV DEB 665772BM0 302 300000 PRN SOLE 300000
ORACLE SYSTEMS CORP. COM 68389X105 519 6654 SH SOLE 6654
PPG INDS INC COM 693506107 261 5000 SH DEFINED 5000
PACIFIC GAS & ELEC NTS CONV DEB 694308EA1 262 260000 PRN SOLE 260000
PACIFIC GAS & ELEC CO CONV DEB 694308EW3 278 300000 PRN SOLE 300000
PACIFIC TELEPHONE & TELEGRAPH CONV DEB 694886AR3 520 540000 PRN SOLE 540000
PACIFIC TELESIS FINANCING CONV PFD 694887209 263 12000 SH SOLE 12000
PACIFICORP 8.25% PFD CONV PFD 695115204 245 11000 SH SOLE 11000
PEPSICO INC COM 713448108 945 27100 SH SOLE 26000 1100
PEPSICO INC COM 713448108 387 11100 SH DEFINED 10700 400
PFIZER INC COM 717081103 6963 190450 SH SOLE 189750 700
PFIZER INC COM 717081103 1327 36300 SH DEFINED 33600 300 2400
PHILIP MORRIS COMPANIES COM 718154107 487 23070 SH SOLE 23070
PHILIP MORRIS CO INC NTS CONV DEB 718154BQ9 528 540000 PRN SOLE 540000
PHILIP MORRIS CONV DEB 718154BU0 273 280000 PRN SOLE 280000
PHILIP MORRIS CO. CONV DEB 718154BV8 457 475000 PRN SOLE 475000
PHILLIPS PETE CO COM 718507106 150 3250 SH SOLE 3250
PHILLIPS PETE CO COM 718507106 115 2500 SH DEFINED 2500
POTOMAC ELECTRIC POWER CONV DEB 737679CM0 378 400000 PRN SOLE 400000
PROCTER & GAMBLE CO COM 742718109 3012 53321 SH SOLE 53321
PROCTER & GAMBLE CO COM 742718109 2454 43444 SH DEFINED 42044 1400
QUALCOMM INC COM 747525103 14 100 SH SOLE 100
QUALCOMM INC COM 747525103 597 4000 SH DEFINED 4000
REPUBLIC NEW YORK CORP SUB NT CONV DEB 760719AT1 251 250000 PRN SOLE 250000
SBC COMMUNICATION COM 78387G103 987 23433 SH SOLE 23148 285
SBC COMMUNICATION COM 78387G103 1097 26052 SH DEFINED 23511 1544 997
SALOMON SMITH BARNEY HLD CONV DEB 79548GAH0 243 250000 PRN SOLE 250000
SALOMON SMITH BARNEY HOLDINGS CONV DEB 79548GAM9 597 600000 PRN SOLE 600000
SALOMON INC NTS CONV DEB 79549BCF2 485 500000 PRN SOLE 500000
SCHERING PLOUGH CORP COM 806605101 1228 33088 SH SOLE 33088
SCHERING PLOUGH CORP COM 806605101 14 400 SH DEFINED 400
SCHLUMBERGER LTD COM 806857108 543 7100 SH SOLE 6700 400
SCHLUMBERGER LTD COM 806857108 359 4700 SH DEFINED 4700
SEAGRAM COMPANY CONV DEB 811850AE6 543 525000 PRN SOLE 525000
SOLECTRON CORP COM 834182107 5946 148200 SH SOLE 147100 1100
SOLECTRON CORP COM 834182107 377 9400 SH DEFINED 9000 400
SOUTHERN CALIF EDISON CO CONV DEB 842400DH3 282 300000 PRN SOLE 300000
SOUTHERN NEW ENGLAND TELECOM N CONV DEB 84348QAH0 469 475000 PRN SOLE 475000
SOUTHWESTERN BELL TEL CO CONV DEB 845335AG3 235 260000 PRN SOLE 260000
SPRINT CORP COM 852061100 1116 17658 SH SOLE 17658
SPRINT CORP PCS COM SER 1 COM 852061506 504 7700 SH SOLE 7700
SPRINT CORP NOTES CONV DEB 852061AC4 506 500000 PRN SOLE 500000
STANDARD FEDERAL BANCORP CONV DEB 85338QAA4 296 300000 PRN SOLE 300000
SUN MICROSYSTEM INC COM 866810104 112 1200 SH SOLE 1200
SUN MICROSYSTEM INC COM 866810104 196 2100 SH DEFINED 2100
TARGET CORP COM 87612E106 7508 100450 SH SOLE 100450
TARGET CORP COM 87612E106 897 12000 SH DEFINED 11400 600
TEXACO INC COM 881694103 1182 22004 SH SOLE 22004
TEXACO INC COM 881694103 472 8782 SH DEFINED 7782 1000
TEXAS INSTRS INC COM 882508104 1576 9850 SH SOLE 9550 300
TEXAS INSTRS INC COM 882508104 576 3600 SH DEFINED 3200 400
ALLTEL CORP CONV DEB 885571AB5 252 250000 PRN SOLE 250000
TRANSAMERICA FINANCIAL CORP CONV DEB 89350LJR4 478 500000 PRN SOLE 500000
TYCO INTERNATIONAL LTD COM 902124106 11095 221350 SH SOLE 220650 700
TYCO INTERNATIONAL LTD COM 902124106 1117 22300 SH DEFINED 21900 400
UNION PAC RR CO CONV DEB 907821N57 241 255000 PRN SOLE 255000
UNITED NATIONAL BANCORP COM 910909100 14495 672285 SH SOLE 668926 3359
UNITED NATIONAL BANCORP COM 910909100 14343 665229 SH DEFINED 603986 61243
US LEASING INTERNATIONAL INC CONV DEB 912129AE3 313 325000 PRN SOLE 325000
US LEASING INTERNATIONAL INC CONV DEB 912129AE3 48 50000 PRN DEFINED 50000
US LEASING CONV DEB 912129AF0 282 300000 PRN SOLE 300000
U S WEST INC NEW COM COM 91273H101 639 8805 SH SOLE 8805
U S WEST INC NEW COM COM 91273H101 173 2387 SH DEFINED 2387
UNITED TECHNOLOGIES CORP COM 913017109 2790 44166 SH SOLE 44166
UNITED TECHNOLOGIES CORP COM 913017109 593 9400 SH DEFINED 9400
VALLEY NATL BANCORP COM 919794107 1353 50375 SH SOLE 50375
VODAFONE AIRTOUCH PLC COM 92857T107 181 3265 SH SOLE 3265
VODAFONE AIRTOUCH PLC COM 92857T107 296 5340 SH DEFINED 5340
WALMART COM 931142103 524 9275 SH SOLE 9275
WARNER LAMBERT CO COM 934488107 1064 10895 SH SOLE 10895
WARNER LAMBERT CO COM 934488107 53 550 SH DEFINED 250 300
WEST PENN POWER CONV DEB 95527PAC2 387 400000 PRN SOLE 400000
XEROX CORP CONV DEB 984121AT0 252 250000 PRN SOLE 250000
XEROX CORP CONV DEB 98412JBK9 242 250000 PRN SOLE 250000
WALDRON (JOHN) CO COM SU7517521 2567 24 SH DEFINED 24
</TABLE>
