UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 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:
Newell Associates
525 University Avenue
Suite 620
Palo Alto, CA 94301
13F File Number: 801-86949
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:
Jennifer C. Newell, CFA
President
(650) 327-2332
Palo Alto, California
September 30, 1999
Report Type:
[ 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.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 121
Form 13F Information Table Value Total: $2,451,447,450.08
List of Other Included Managers: 0
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NEWELL ASSOCIATES
FORM 13F
September 30, 1999
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Voting Authority
--------------------------
Value Shares/ Sh/PutInvstOther
Name of IssTitleCUSIP (x$100Prn Amt PrnCalDscreManaSole Shared None
- ------------------------- ---------------------------------------------------
AT&T Corp. COM 001957109 59195 1360802SH Sole 51150 1309652
Abbott LaboCOM 002824100 3768 102700SH Sole 3800 98900
Albertson'sCOM 013104104 6207 156900SH Sole 5800 151100
Allegheny ECOM 017361106 7535 236400SH Sole 8500 227900
Ameren CorpCOM 023608102 6341 167700SH Sole 5800 161900
American GeCOM 026351106 18848 298000SH Sole 11100 286900
American HoCOM 026609107 54676 1317500SH Sole 49500 1268000
Ameritech CCOM 030954101 62046 929527SH Sole 35700 893827
Anheuser-BuCOM 035229103 26764 382000SH Sole 14000 368000
Atlantic RiCOM 048825103 51367 579600SH Sole 21200 558400
Avon ProducCOM 054303102 5789 233300SH Sole 8600 224700
BP Amoco PLCOM 055622104 68487 618039SH Sole 22855 595184
Baker HugheCOM 057224107 8775 302600SH Sole 11600 291000
Bank One CoCOM 06423A103 31779 912852SH Sole 34020 878832
Bank of AmeCOM 060505104 48744 875308SH Sole 32473 842835
Baxter InteCOM 071813109 16422 272559SH Sole 9600 262959
Bell AtlantCOM 077853109 98957 1470118SH Sole 56528 1413590
BellSouth CCOM 079860102 30749 683304SH Sole 26400 656904
Bestfoods COM 08658U101 5643 116201SH Sole 3900 112301
Boeing Co. COM 097023105 4028 94500SH Sole 3700 90800
Bristol-MyeCOM 110122108 94189 1395400SH Sole 55600 1339800
CSX CorporaCOM 126408103 8687 205000SH Sole 7900 197100
Campbell SoCOM 134429109 9241 236200SH Sole 8800 227400
CaterpillarCOM 149123101 6301 114964SH Sole 4400 110564
Central & SCOM 152357109 7892 373600SH Sole 13300 360300
Chase ManhaCOM 16161A108 12999 172457SH Sole 6300 166157
Chevron CorCOM 166751107 60327 679746SH Sole 24600 655146
Chubb Corp.COM 171232101 8000 161201SH Sole 5900 155301
Clorox CompCOM 189054109 10327 270000SH Sole 9600 260400
ConAgra IncCOM 205887102 3127 138600SH Sole 5200 133400
Conoco Inc.COM 208251405 1661 60674.2SH Sole 2276 58398.2
ConsolidateCOM 209115104 4057 97770SH Sole 2700 95070
ConsolidateCOM 209615103 22692 363800SH Sole 12700 351100
ConstellatiCOM 210371100 7824 278200SH Sole 9900 268300
Deere & Co.COM 244199105 4985 128846SH Sole 4800 124046
Dominion ReCOM 257470104 10564 234100SH Sole 7800 226300
Dow ChemicaCOM 260543103 42590 374829SH Sole 13900 360929
Du Pont (E.COM 263534109 21746 359436SH Sole 13528 345908
Duke EnergyCOM 264399106 18029 327052SH Sole 12100 314952
Dun & BradsCOM 26483B106 8066 270000SH Sole 10400 259600
Eastman KodCOM 277461109 19074 252224SH Sole 9200 243024
Edison InteCOM 281020107 18068 743140SH Sole 27700 715440
Emerson EleCOM 291011104 17304 273859SH Sole 10200 263659
Exxon Corp.COM 302290101 68618 902864SH Sole 35300 867564
FPL Group, COM 302571104 8893 176535SH Sole 6100 170435
Federal NatCOM 313586109 4959 79100SH Sole 2900 76200
First UnionCOM 337358105 31613 887384SH Sole 33112 854272
Fleet BostoCOM 33901A108 17895 488599SH Sole 18900 469699
Ford Motor COM 345370100 23677 471191SH Sole 17600 453591
Fortune BraCOM 349631101 12637 391831SH Sole 11100 380731
GTE Corp. COM 362320103 64542 839573SH Sole 31800 807773
Gallaher GrCOM 363595109 8939 328800SH Sole 9800 319000
General EleCOM 369604103 28917 243900SH Sole 10200 233700
General MilCOM 370334104 19373 238800SH Sole 8500 230300
Genuine ParCOM 372460105 12908 485946SH Sole 16850 469096
Gillette CoCOM 375766102 11318 333500SH Sole 12500 321000
Glaxo WellcCOM 37733W105 33436 643000SH Sole 24300 618700
Heinz (H.J.COM 423074103 16634 386840SH Sole 13850 372990
Hershey FooCOM 427866108 6344 130300SH Sole 4700 125600
Honeywell ICOM 438506107 7614 68400SH Sole 2600 65800
InternationCOM 459506101 6707 194400SH Sole 7300 187100
InternationCOM 460146103 24221 503949SH Sole 19007 484942
Kellogg Co.COM 487836108 14953 399400SH Sole 14500 384900
KeyCorp COM 493267108 11832 458370SH Sole 17200 441170
Kimberly-ClCOM 494368103 14215 269475SH Sole 9800 259675
Lilly, Eli COM 532457108 15976 248900SH Sole 9700 239200
Lincoln NatCOM 534187109 19664 523500SH Sole 19100 504400
Lockheed MaCOM 539830109 5838 178600SH Sole 6600 172000
Marsh & McLCOM 571748102 24146 352500SH Sole 13200 339300
May DepartmCOM 577778103 28496 782054SH Sole 28450 753604
McGraw-HillCOM 580645109 12737 263300SH Sole 9600 253700
Mellon FinaCOM 58551A108 17203 511600SH Sole 18600 493000
Merck & Co.COM 589331107 44760 690600SH Sole 25900 664700
Merrill LynCOM 590188108 9777 145116SH Sole 5600 139516
Minnesota MCOM 604059105 38474 400507SH Sole 14700 385807
Mobil Corp.COM 607059102 71537 710040SH Sole 25600 684440
Morgan (J.PCOM 616880100 24301 212700SH Sole 8000 204700
NICOR, Inc.COM 654086107 6333 170292SH Sole 6700 163592
Newell RubbCOM 651229106 6101 213600SH Sole 8000 205600
Norfolk SouCOM 655844108 9774 398958SH Sole 15500 383458
Northern StCOM 665772109 6626 307300SH Sole 11100 296200
PNC Bank CoCOM 693475105 21022 398994SH Sole 14700 384294
PacifiCorp COM 695114108 16511 820441SH Sole 31000 789441
Penney (J.CCOM 708160106 20316 588880SH Sole 22000 566880
PepsiCo IncCOM 713448108 11831 387900SH Sole 14400 373500
Pharmacia &COM 716941109 50627 1020194SH Sole 40470 979724
Philip MorrCOM 718154107 45562 1332700SH Sole 51000 1281700
Phillips PeCOM 718507106 14654 300600SH Sole 10200 290400
Pitney BoweCOM 724479100 17410 285700SH Sole 10600 275100
Potlatch CoCOM 737628107 1009 24500SH Sole 24500
Procter & GCOM 742718109 11719 125000SH Sole 4700 120300
Quaker OatsCOM 747402105 16125 260600SH Sole 9100 251500
Ralston PurCOM 751277302 3298 118300SH Sole 4600 113700
Rite Aid CoCOM 767754104 4588 332129SH Sole 12400 319729
Royal DutchCOM 780257804 37670 637800SH Sole 24200 613600
SAFECO CorpCOM 786429100 10716 382700SH Sole 13400 369300
SBC CommuniCOM 78387G103 34790 681331SH Sole 25700 655631
Sara Lee CoCOM 803111103 12150 519800SH Sole 19500 500300
SchlumbergeCOM 806857108 8630 138500SH Sole 5500 133000
Sears, RoebCOM 812387108 5313 169329SH Sole 6200 163129
Sempra EnerCOM 816851109 4040 194100SH Sole 6315 187785
Shell TransCOM 822703609 569 12500SH Sole 12500
SmithKline COM 832378301 5705 99000SH Sole 3800 95200
Southern CoCOM 842587107 19055 740010SH Sole 25000 715010
St. Paul CoCOM 792860108 11658 423933SH Sole 14800 409133
TECO EnergyCOM 872375100 6173 292200SH Sole 10400 281800
Texaco Inc.COM 881694103 49301 781000SH Sole 29100 751900
Texas UtiliCOM 882848104 13098 351034SH Sole 11723 339311
Thomas & BeCOM 884315102 10933 214366SH Sole 7400 206966
U S West InCOM 91273H101 42177 739134SH Sole 27634 711500
U.S. BancorCOM 902973106 11896 394067SH Sole 15145 378922
UST Inc. COM 902911106 8899 294800SH Sole 12200 282600
USX-MarathoCOM 902905827 12095 413500SH Sole 14600 398900
Union PacifCOM 907818108 12419 258400SH Sole 9400 249000
Unocal CorpCOM 915289102 2468 66600SH Sole 2600 64000
Wachovia CoCOM 929771103 17033 216635SH Sole 7600 209035
Washington COM 939322103 17025 582060SH Sole 21760 560300
Wells FargoCOM 949746101 5403 136365SH Sole 4900 131465
WeyerhaeuseCOM 962166104 16527 286800SH Sole 10600 276200
Whirlpool CCOM 963320106 8602 131700SH Sole 4600 127100
Wisconsin ECOM 976657106 6253 266800SH Sole 10000 256800
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