UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 09/30/00
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: 322
Form 13F Information Table Entry Total: $695,797
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 5137 75000 SH SOLE 74400 600
AES CORPORATION COM 00130H105 13 200 SH DEFINED 200
AT&T CORP COM 001957109 636 21657 SH SOLE 21657
AT&T CORP COM 001957109 735 25043 SH DEFINED 23714 1329
AT&T CORP NT CONV DEB 001957AP4 203 200000 PRN DEFINED 200000
AT&T CORP CONV DEB 001957AU3 707 740000 PRN SOLE 740000
AT&T CORP CONV DEB 001957AV1 495 550000 PRN SOLE 550000
ABBOTT LABS COM 002824100 1189 25000 SH SOLE 25000
ABBOTT LABS COM 002824100 47 1000 SH DEFINED 1000
ALLSTATE CORP CONV DEB 020002AL5 669 650000 PRN SOLE 650000
ALLSTATE CORP CONV DEB 020002AL5 25 25000 PRN DEFINED 25000
AMERICAN EXPRESS CO COM 025816109 1145 18864 SH SOLE 18864
AMERICAN EXPRESS CO CAP TRUST CONV PFD 02583Y205 556 25000 SH SOLE 25000
AMERICAN HOME PRODS CORP COM 026609107 6205 109709 SH SOLE 109709
AMERICAN HOME PRODS CORP COM 026609107 5469 96703 SH DEFINED 91203 5500
AMERICAN INTL GROUP INC COM 026874107 12265 128183 SH SOLE 127733 450
AMERICAN INTL GROUP INC COM 026874107 1579 16503 SH DEFINED 15803 700
APPLE COMPUTER INC NTS CONV DEB 037833AA8 455 500000 PRN SOLE 500000
AUTOMATIC DATA PROCESSING COM 053015103 1377 20600 SH SOLE 20600
AUTOMATIC DATA PROCESSING COM 053015103 742 11100 SH DEFINED 10100 1000
BP AMOCO PLC COM 055622104 1297 24480 SH SOLE 24480
BP AMOCO PLC COM 055622104 2046 38612 SH DEFINED 38612
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 254 250000 PRN DEFINED 250000
BANC ONE CORP CONV DEB 059438AF8 308 310000 PRN SOLE 310000
BANC ONE CORP CONV DEB 059438AF8 99 100000 PRN DEFINED 100000
BANK OF AMERICA CORPORATION COM 060505104 1806 34489 SH SOLE 34376 113
BANK OF AMERICA CORPORATION COM 060505104 305 5837 SH DEFINED 5837
BANK OF BOSTON CORP CONV DEB 060716AX5 497 500000 PRN SOLE 500000
BANK OF BOSTON CORP CONV DEB 060716AX5 99 100000 PRN DEFINED 100000
BANK OF BOSTON CORP CONV DEB 060716BR7 403 410000 PRN SOLE 410000
BANK NEW YORK INC COM 064057102 1139 20334 SH SOLE 20334
BANK OF NEW YORK CONV DEB 06406JAG0 473 500000 PRN SOLE 500000
BANK AMERICA CORP SUB NT CONV DEB 066050BP9 922 910000 PRN SOLE 910000
BANK AMERICA CORP CONV DEB 066050BQ7 509 500000 PRN SOLE 500000
BANK AMERICA CORP CONV DEB 066050BS3 70 70000 PRN SOLE 70000
BANK AMERICA CORP CONV DEB 066050BS3 227 225000 PRN DEFINED 225000
BANKAMERICA CORP CONV DEB 066050BV6 401 400000 PRN SOLE 400000
BANK AMERICA CORP CONV DEB 066050BW4 217 215000 PRN SOLE 215000
BANKAMERICA CORP NOTE CONV DEB 066050BY0 254 255000 PRN SOLE 255000
BANK AMERICA CORP NTS CONV DEB 066050CB9 865 860000 PRN SOLE 860000
BANKERS TR NY CORP CONV DEB 066365BD8 251 250000 PRN SOLE 250000
BANKERS TRUST NY CORP CONV DEB 066365BF3 510 510000 PRN SOLE 510000
BANKERS TRUST CONV DEB 066365BW6 475 500000 PRN SOLE 500000
BANKERS TRUST CONV DEB 066365BY2 247 250000 PRN SOLE 250000
BEAR STEARNS COS INC CONV DEB 073902AM0 590 600000 PRN SOLE 600000
BEAR STEARNS COS INC CONV DEB 073902AM0 196 200000 PRN DEFINED 200000
BEAR STEARNS CO CONV DEB 073902AZ1 437 450000 PRN SOLE 450000
BEAR STEARNS COS INC CONV DEB 073902BM9 256 265000 PRN SOLE 265000
BELLSOUTH CORPORATION COM 079860102 2354 58504 SH SOLE 56504 2000
BELLSOUTH CORPORATION COM 079860102 949 23600 SH DEFINED 20656 2944
BESTFOODS INC. COM 08658U101 465 6400 SH SOLE 6400
BESTFOODS INC. COM 08658U101 36 500 SH DEFINED 500
BOSTON EDISON COMPANY CONV DEB 100599BJ7 498 500000 PRN SOLE 500000
BOSTON SCIENTIFIC CORP COM 101137107 224 13660 SH DEFINED 13660
BRISTOL MYERS SQUIBB CO. COM 110122108 5122 89672 SH SOLE 89672
BRISTOL MYERS SQUIBB CO. COM 110122108 6931 121331 SH DEFINED 110547 10784
BROADCOM CORP COM 111320107 10274 42150 SH SOLE 42150
BROADCOM CORP COM 111320107 24 100 SH DEFINED 100
BURLINGTON NORTHERN SANTA FE C COM 12189T104 201 9324 SH SOLE 9324
BURLINGTON NORTHERN SANTA FE C COM 12189T104 242 11235 SH DEFINED 11235
CIGNA CONV DEB 125509AF6 299 300000 PRN SOLE 300000
CIT GROUP INC CONV DEB 125577AD8 598 600000 PRN SOLE 600000
CIT GROUP INC CONV DEB 125577AD8 99 100000 PRN DEFINED 100000
CNA FINANCIAL CORP CONV DEB 126117AK6 1089 1235000 PRN SOLE 1235000
CHASE MANHATTAN CORP COM 16161A108 10797 233771 SH SOLE 232721 1050
CHASE MANHATTAN CORP COM 16161A108 2050 44399 SH DEFINED 41654 2745
CHASE MANHATTAN COR CONV DEB 16161AAP3 683 700000 PRN SOLE 700000
CHASE MANHATTAN COR CONV DEB 16161ABJ6 517 500000 PRN SOLE 500000
CHASE MANHATTAN COR CONV DEB 16161ABJ6 103 100000 PRN DEFINED 100000
CHASE MANHATTAN CORP CONV DEB 16161NBF6 707 700000 PRN SOLE 700000
CHASE MANHATTAN CORPORATION CONV DEB 16161NBJ8 301 300000 PRN SOLE 300000
CHASE MANHATTAN CORPORATION CONV DEB 16161NBJ8 100 100000 PRN DEFINED 100000
CHEVRON CORP COM 166751107 1408 16524 SH SOLE 16524
CHEVRON CORP COM 166751107 350 4108 SH DEFINED 4108
CISCO SYSTEMS COM 17275R102 30929 559811 SH SOLE 558711 1100
CISCO SYSTEMS COM 17275R102 4204 76100 SH DEFINED 70200 5400 500
CITIGROUP INC COM 172967101 15951 295062 SH SOLE 294396 666
CITIGROUP INC COM 172967101 2709 50118 SH DEFINED 40226 9892
CITICORP CONV DEB 173034GK9 501 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 481 500000 PRN SOLE 500000
CITICORP MED TERM NOTE CONV DEB 17303MFD6 636 650000 PRN SOLE 650000
CITIGROUP CAPITAL V PREFERRED CONV PFD 17306K209 223 10000 SH SOLE 10000
CITIZENS UTILITIES CO CONV DEB 177342AJ1 297 300000 PRN SOLE 300000
CITIZENS UTILITIES CO CONV DEB 177342AJ1 49 50000 PRN DEFINED 50000
COCA COLA CO COM 191216100 622 11300 SH SOLE 11300
COCA COLA CO COM 191216100 275 5000 SH DEFINED 5000
COCA COLA ENTERPRISES INC NT CONV DEB 191219AM6 404 400000 PRN SOLE 400000
COCA COLA ENTERPRISES CONV DEB 191219BB9 229 245000 PRN SOLE 245000
COCA-COLA ENTERPRISES CONV DEB 191219BF0 271 300000 PRN SOLE 300000
COLGATE PALMOLIVE CO COM 194162103 1237 26220 SH SOLE 26220
COLGATE PALMOLIVE CO COM 194162103 306 6500 SH DEFINED 4700 1800
COLGATE-PALMOLIVE CO CONV DEB 19416QCQ1 643 650000 PRN SOLE 650000
COMPAQ COMPUTER CORP. CONV DEB 204493AF7 400 400000 PRN SOLE 400000
CONSOLIDATED NATURAL GAS CO CONV DEB 209615BM4 241 250000 PRN SOLE 250000
CORESTATES CAPITAL CORP CONV DEB 218693AH2 217 225000 PRN SOLE 225000
DEAN WITTER DISCOVER & CO. CONV DEB 24240VAC5 250 250000 PRN SOLE 250000
DEERE & COMPANY CONV DEB 244199AY1 407 400000 PRN SOLE 400000
DELL COMPUTER CO. COM 247025109 3769 122350 SH SOLE 121550 800
DELL COMPUTER CO. COM 247025109 369 12000 SH DEFINED 10400 1300 300
DEVEL. DIVERSIFIED REALTY CONV PFD 251591509 251 11000 SH SOLE 11000
WALT DISNEY PRODTNS COM 254687106 275 7200 SH SOLE 7200
WALT DISNEY PRODTNS COM 254687106 57 1500 SH DEFINED 1500
DOLE FOOD INC. CONV DEB 256605AB2 288 300000 PRN SOLE 300000
DOW CHEM CO COM 260543103 258 10350 SH SOLE 10350
DOW CHEM CO COM 260543103 59 2400 SH DEFINED 2400
DU PONT E I DE NEMOURS & CO COM 263534109 533 12884 SH SOLE 12884
DU PONT E I DE NEMOURS & CO COM 263534109 509 12286 SH DEFINED 12286
DU PONT E I DE NEMOURS & CO CONV DEB 263534AY5 207 200000 PRN SOLE 200000
EMC CORP COM 268648102 50454 509000 SH SOLE 507400 1600
EMC CORP COM 268648102 3910 39450 SH DEFINED 37300 1750 400
EASTMAN KODAK CO COM 277461109 9 225 SH SOLE 225
EASTMAN KODAK CO COM 277461109 239 5871 SH DEFINED 5871
ENRON CORP COM 293561106 11689 133400 SH SOLE 132900 500
ENRON CORP COM 293561106 1182 13500 SH DEFINED 12450 850 200
ENTERGY LOUISIANA, INC. CONV DEB 29364MAA8 472 500000 PRN SOLE 500000
EXXON MOBIL CORP COM 30231G102 19904 223332 SH SOLE 223132 200
EXXON MOBIL CORP COM 30231G102 15521 174153 SH DEFINED 171873 2280
FIFTH THIRD BANCORP COM 316773100 1115 20700 SH SOLE 20700
FIFTH THIRD BANCORP COM 316773100 315 5850 SH DEFINED 5850
FIRST DATA CORPORATION CONV DEB 32006YAG7 382 400000 PRN SOLE 400000
FIRST UNION CORPORATION CONV DEB 337358DQ5 329 325000 PRN SOLE 325000
FLEET/NORSTAR FINL CONV DEB 339018AF0 313 295000 PRN SOLE 295000
FLEET NATIONAL BANK CONV DEB 33901LAA2 268 300000 PRN SOLE 300000
FLEET-BOSTON FINANCIAL CORPORA CONV DEB 339030AB4 251 250000 PRN SOLE 250000
FORD MOTOR COMPANY COM 345370860 2170 85741 SH SOLE 85043 698
FORD MOTOR COMPANY COM 345370860 580 22951 SH DEFINED 21141 1810
FORD MOTOR CREDIT CO CONV DEB 345397GN7 763 750000 PRN SOLE 750000
FORD MOTOR CREDIT CONV DEB 345397GS6 504 500000 PRN SOLE 500000
FORD MOTOR CREDIT CONV DEB 345397GV9 537 550000 PRN SOLE 550000
FORD MOTOR CREDIT CO CONV DEB 345397RR6 444 450000 PRN SOLE 450000
FORD MOTOR CREDIT CO CONV DEB 345397RR6 98 100000 PRN DEFINED 100000
FORD MOTOR CREDIT CO CONV DEB 345397SD6 446 455000 PRN SOLE 455000
FORD MOTOR CREDIT CO CONV DEB 345402YC9 495 500000 PRN SOLE 500000
GTE HAWAIIAN TELEPHONE CONV DEB 362335AD3 299 300000 PRN SOLE 300000
GTE NORTH INC. CONV DEB 362337AM9 286 320000 PRN SOLE 320000
GTE SOUTH INC. CONV DEB 36233TAH2 329 350000 PRN SOLE 350000
GAP INC COM 364760108 2318 115197 SH SOLE 115197
GAP INC COM 364760108 126 6300 SH DEFINED 6100 200
GENERAL ELEC CO COM 369604103 53391 925536 SH SOLE 923436 2100
GENERAL ELEC CO COM 369604103 34078 590742 SH DEFINED 565242 25500
GENERAL ELECTRIC CAP GE CONV DEB 36962GSX3 488 500000 PRN SOLE 500000
GENERAL ELECTRIC CAP CORP CONV DEB 36962GTH7 1087 1100000 PRN SOLE 1100000
GENERAL ELECTRIC CAP CORP CONV DEB 36962GUK8 294 300000 PRN SOLE 300000
GENERAL ELECTRIC CAP CORP CONV DEB 36962GUL6 205 200000 PRN SOLE 200000
GENERAL ELECTRIC CAPITAL CORP CONV DEB 36962GUP7 301 300000 PRN SOLE 300000
GENERAL ELECTRIC CAPITAL CORP CONV DEB 36962GVF8 400 400000 PRN SOLE 400000
GENERAL MOTORS ACCEPTANCE CORP CONV DEB 370424CK7 295 300000 PRN SOLE 300000
GENERAL MTRS ACCEPT CORP CONV DEB 370424GL1 210 210000 PRN SOLE 210000
GENERAL MOTORS ACCEP CORP CONV DEB 370424GR8 514 500000 PRN SOLE 500000
GENERAL MOTORS ACCEPT CORP CONV DEB 370425RG7 280 300000 PRN SOLE 300000
GENERAL MOTORS ACCEPTANCE CORP CONV DEB 370425RP7 324 320000 PRN SOLE 320000
GENERAL MOTORS ACCEPTANCE CORP CONV DEB 37042FVZ8 262 275000 PRN SOLE 275000
GENERAL MOTORS COM 370442105 548 8442 SH SOLE 8442
GENERAL MOTORS COM 370442105 430 6628 SH DEFINED 6628
GREAT WESTERN FIN'L TR. I CONV PFD 39141F203 245 10000 SH SOLE 10000
GUIDANT CORP COM 401698105 247 3500 SH SOLE 3500
GUIDANT CORP COM 401698105 98 1400 SH DEFINED 1400
HRPT PPTYS TR COM 40426W101 190 27150 SH SOLE 27150
ITT HARTFORD CAPITAL PFD CONV PFD 416315208 317 13600 SH SOLE 13600
HELLER FINANCIAL NOTES CONV DEB 423328BG7 299 300000 PRN SOLE 300000
HEWLETT-PACKARD COM 428236103 523 5400 SH SOLE 5400
HEWLETT-PACKARD COM 428236103 407 4200 SH DEFINED 4200
HOME DEPOT INC COM 437076102 10240 192992 SH SOLE 192592 400
HOME DEPOT INC COM 437076102 1745 32900 SH DEFINED 28500 4000 400
HONEYWELL INTL INC COM 438516106 864 24255 SH SOLE 24055 200
HONEYWELL INTL INC COM 438516106 320 9000 SH DEFINED 8500 500
HOUSEHOLD FINANCE CONV DEB 441812FT6 612 615000 PRN SOLE 615000
HOUSEHOLD FINANCE CORP CONV DEB 441812GJ7 498 500000 PRN SOLE 500000
I.E.S. UTLITIES INC. CONV PFD 44949R508 235 10000 SH SOLE 10000
INTEL CORP COM 458140100 10823 260414 SH SOLE 258614 1800
INTEL CORP COM 458140100 3100 74600 SH DEFINED 65600 8400 600
IBM COM 459200101 950 8448 SH SOLE 8448
IBM COM 459200101 944 8398 SH DEFINED 6598 1800
INTERNATIONAL BUSINESS MACHINE CONV DEB 459200AJ0 505 500000 PRN SOLE 500000
IBM CORPORATION CONV DEB 45920QBM5 268 300000 PRN SOLE 300000
JOHNSON & JOHNSON COM 478160104 7487 79707 SH SOLE 79707
JOHNSON & JOHNSON COM 478160104 23662 251897 SH DEFINED 175560 76337
LEHMAN BROS HOLDINGS INC CONV DEB 524908CK4 621 600000 PRN SOLE 600000
LEHMAN BROTHERS INC CONV DEB 524909BB3 300 300000 PRN SOLE 300000
LEHMAN BROTHERS HOLDINGS CONV DEB 52517PPZ8 297 300000 PRN SOLE 300000
LEHMAN BROTHERS HOLDINGS CONV DEB 52517PQT1 498 500000 PRN SOLE 500000
LILY ELI & CO COM 532457108 81 1000 SH SOLE 1000
LILY ELI & CO COM 532457108 1018 12560 SH DEFINED 12560
LIMITED INC NT CONV DEB 532716AE7 504 500000 PRN SOLE 500000
LIMITED INC NT CONV DEB 532716AE7 252 250000 PRN DEFINED 250000
LUCENT TECHNOLOGIES COM 549463107 4374 143129 SH SOLE 141665 1464
LUCENT TECHNOLOGIES COM 549463107 1826 59749 SH DEFINED 54648 4901 200
LUCENT TECHNOLOGIES CONV DEB 54946EAD5 297 300000 PRN SOLE 300000
MBNA CORP COM 55262L100 6255 162475 SH SOLE 161775 700
MBNA CORP COM 55262L100 1247 32400 SH DEFINED 29800 2600
MCI CORP 8.0% PFD. CONV PFD 55267Y206 344 14600 SH SOLE 14600
MCCORMICK SUB NT CONV DEB 579780AB3 253 250000 PRN SOLE 250000
MCGRAW-HILL COMPANIES COM 580645109 406 6400 SH SOLE 6400
MCGRAW-HILL COMPANIES COM 580645109 228 3600 SH DEFINED 2300 1300
MEDTRONIC, INC COM 585055106 7204 139050 SH SOLE 138050 1000
MEDTRONIC, INC COM 585055106 730 14100 SH DEFINED 12300 1400 400
MELLON BANK SUB NOTES CONV DEB 585907AF5 268 275000 PRN SOLE 275000
MELLON BANK SUB NOTES CONV DEB 585907AF5 97 100000 PRN DEFINED 100000
MERCK & CO INC COM 589331107 19384 260414 SH SOLE 259114 1300
MERCK & CO INC COM 589331107 12075 162228 SH DEFINED 158800 2600 828
MERRILL LYNCH & CO INC CONV DEB 590188DY1 308 300000 PRN SOLE 300000
MERRILL LYNCH CONV DEB 590188ES3 636 650000 PRN SOLE 650000
MERRILL LYNCH & CO CONV DEB 590188JP4 274 300000 PRN SOLE 300000
MERRILL LYNCH CONV DEB 59018S5X8 495 500000 PRN SOLE 500000
MERRILL LYNCH CONV DEB 59018SY24 425 445000 PRN SOLE 445000
MICROSOFT CORP COM 594918104 4869 80730 SH SOLE 80430 300
MICROSOFT CORP COM 594918104 1996 33100 SH DEFINED 28950 3050 1100
MIDDLESEX WTR CO COM 596680108 308 10560 SH SOLE 10560
MIDDLESEX WTR CO COM 596680108 4 154 SH DEFINED 154
MINNESOTA MNG & MFG CO COM 604059105 416 4566 SH SOLE 4566
MINNESOTA MNG & MFG CO COM 604059105 428 4700 SH DEFINED 4500 200
MORGAN J P & CO INC COM 616880100 879 5385 SH SOLE 5385
MORGAN J P & CO INC COM 616880100 923 5652 SH DEFINED 5104 548
J P MORGAN & CO SUB NTS CONV DEB 616880BG4 230 250000 PRN SOLE 250000
MORGAN JP & CO INC CONV DEB 616880BT6 288 300000 PRN SOLE 300000
MORGAN STANLEY FIN. PLC CONV PFD 616906707 517 21000 SH SOLE 21000
MORGAN STANLEY DEAN WITTER COM 617446448 332 3632 SH SOLE 3632
NATIONS BANK CORP SUB NOTES CONV DEB 638585AJ8 256 250000 PRN SOLE 250000
NETWORK APPLIANCE INC COM 64120L104 43404 340759 SH SOLE 340259 500
NETWORK APPLIANCE INC COM 64120L104 961 7550 SH DEFINED 7250 300
NEW YORK TIMES CO. NTS CONV DEB 650111AA5 1036 1000000 PRN SOLE 1000000
NOKIA CORPORATION - SPON ADR COM 654902204 9704 243750 SH SOLE 243150 600
NOKIA CORPORATION - SPON ADR COM 654902204 1090 27400 SH DEFINED 26600 400 400
NORTEL NETWORKS CORPORATION COM 656568102 7464 125325 SH SOLE 125025 300
NORTEL NETWORKS CORPORATION COM 656568102 744 12500 SH DEFINED 10300 2000 200
NORTHERN STATE PWR CO CONV DEB 665772BM0 302 300000 PRN SOLE 300000
ORACLE SYSTEMS CORP. COM 68389X105 2065 26234 SH SOLE 26234
ORACLE SYSTEMS CORP. COM 68389X105 141 1800 SH DEFINED 1000 800
ORANGE & ROCKLAND UTILITIES CONV DEB 684065AZ8 501 500000 PRN SOLE 500000
ORANGE & ROCKLAND UTILITIES CONV DEB 684065AZ8 100 100000 PRN DEFINED 100000
PACIFIC GAS & ELEC NTS CONV DEB 694308EA1 211 210000 PRN SOLE 210000
PACIFIC GAS & ELEC CO CONV DEB 694308EW3 280 300000 PRN SOLE 300000
PACIFIC TELEPHONE & TELEGRAPH CONV DEB 694886AR3 530 540000 PRN SOLE 540000
PACIFIC TELESIS FINANCING CONV PFD 694887209 281 12000 SH SOLE 12000
PACIFICORP 8.25% PFD CONV PFD 695115204 259 11000 SH SOLE 11000
PEPSICO INC COM 713448108 487 10600 SH SOLE 10200 400
PEPSICO INC COM 713448108 197 4300 SH DEFINED 4300
PFIZER INC COM 717081103 12288 273460 SH SOLE 272760 700
PFIZER INC COM 717081103 1787 39787 SH DEFINED 38187 1600
PHARMACIA CORP COM COM 71713U102 1152 19150 SH SOLE 19150
PHARMACIA CORP COM COM 71713U102 421 7000 SH DEFINED 6600 400
PHILIP MORRIS COMPANIES COM 718154107 259 8800 SH SOLE 8800
PHILIP MORRIS CO INC NTS CONV DEB 718154BQ9 521 525000 PRN SOLE 525000
PHILIP MORRIS CONV DEB 718154BU0 328 330000 PRN SOLE 330000
PHILIP MORRIS CO. CONV DEB 718154BV8 470 475000 PRN SOLE 475000
PHILLIPS PETE CO COM 718507106 141 2250 SH SOLE 2250
PHILLIPS PETE CO COM 718507106 156 2500 SH DEFINED 2500
POTOMAC ELECTRIC POWER CONV DEB 737679CM0 387 400000 PRN SOLE 400000
PROCTER & GAMBLE CO COM 742718109 970 14480 SH SOLE 14480
PROCTER & GAMBLE CO COM 742718109 2213 33044 SH DEFINED 32644 400
PUBLIC SERVICE ELECTRIC & GAS CONV DEB 74456QAH9 1005 1000000 PRN SOLE 1000000
PUBLIC SERVICE ENTERPRISE GROU COM 744573106 55 1250 SH SOLE 1250
PUBLIC SERVICE ENTERPRISE GROU COM 744573106 169 3797 SH DEFINED 2797 1000
QUALCOMM INC COM 747525103 285 4000 SH DEFINED 4000
QWEST COMMUNICATIONS COM 749121109 614 12791 SH SOLE 12791
QWEST COMMUNICATIONS COM 749121109 158 3304 SH DEFINED 3304
REPUBLIC NEW YORK CORP SUB NT CONV DEB 760719AT1 253 250000 PRN SOLE 250000
SBC COMMUNICATION COM 78387G103 1211 24228 SH SOLE 23943 285
SBC COMMUNICATION COM 78387G103 1237 24752 SH DEFINED 20606 4146
SALOMON SMITH BARNEY HLD CONV DEB 79548GAH0 246 250000 PRN SOLE 250000
SALOMON SMITH BARNEY HOLDINGS CONV DEB 79548GAM9 604 600000 PRN SOLE 600000
SALOMON INC NTS CONV DEB 79549BCF2 495 500000 PRN SOLE 500000
SCHERING PLOUGH CORP COM 806605101 1401 30138 SH SOLE 29738 400
SCHERING PLOUGH CORP COM 806605101 102 2200 SH DEFINED 1800 400
SCHLUMBERGER LTD COM 806857108 607 7380 SH SOLE 6980 400
SCHLUMBERGER LTD COM 806857108 403 4900 SH DEFINED 4700 200
SEAGRAM COMPANY CONV DEB 811850AE6 552 525000 PRN SOLE 525000
SOLECTRON CORP COM 834182107 4974 107840 SH SOLE 106540 1300
SOLECTRON CORP COM 834182107 548 11900 SH DEFINED 10900 600 400
SOUTHERN CALIF EDISON CO CONV DEB 842400DH3 285 300000 PRN SOLE 300000
SOUTHERN CO COM 842587107 22 680 SH SOLE 680
SOUTHERN CO COM 842587107 192 5936 SH DEFINED 5536 400
SOUTHERN NEW ENGLAND TELECOM N CONV DEB 84348QAH0 475 475000 PRN SOLE 475000
SOUTHWESTERN BELL TEL CO CONV DEB 845335AG3 237 260000 PRN SOLE 260000
SPRINT CORP COM 852061100 517 17658 SH SOLE 17658
SPRINT CORP PCS COM SER 1 COM 852061506 269 7700 SH SOLE 7700
SPRINT CORP NOTES CONV DEB 852061AC4 510 500000 PRN SOLE 500000
STANDARD FEDERAL BANCORP CONV DEB 85338QAA4 309 300000 PRN SOLE 300000
STAPLES, INC. COM 855030102 170 12000 SH SOLE 10500 1500
STAPLES, INC. COM 855030102 63 4500 SH DEFINED 4500
SUN MICROSYSTEM INC COM 866810104 2244 19222 SH SOLE 19222
SUN MICROSYSTEM INC COM 866810104 268 2300 SH DEFINED 2300
TARGET CORP COM 87612E106 4999 195100 SH SOLE 195100
TARGET CORP COM 87612E106 673 26300 SH DEFINED 23300 3000
TELE COMMUNICATIONS INC. CONV DEB 879240AW9 402 400000 PRN SOLE 400000
TEXACO INC COM 881694103 992 18904 SH SOLE 18904
TEXACO INC COM 881694103 356 6782 SH DEFINED 5782 1000
TEXAS INSTRS INC COM 882508104 2031 43050 SH SOLE 42450 600
TEXAS INSTRS INC COM 882508104 495 10500 SH DEFINED 8600 1500 400
ALLTEL CORP CONV DEB 885571AB5 251 250000 PRN SOLE 250000
TRANSAMERICA FINANCIAL CORP CONV DEB 89350LJR4 483 500000 PRN SOLE 500000
TYCO INTERNATIONAL LTD COM 902124106 11215 216200 SH SOLE 215500 700
TYCO INTERNATIONAL LTD COM 902124106 1273 24550 SH DEFINED 24200 150 200
UNION PAC RR CO CONV DEB 907821N57 245 255000 PRN SOLE 255000
UNITED NATIONAL BANCORP COM 910909100 12375 697203 SH SOLE 694344 2859
UNITED NATIONAL BANCORP COM 910909100 12712 716192 SH DEFINED 578722 137470
US CELLULAR CORP CONV DEB 911684AB4 390 400000 PRN SOLE 400000
US CELLULAR CORP CONV DEB 911684AB4 195 200000 PRN DEFINED 200000
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</TABLE>