United States
Securities and Exchange Commission
Washington, D.C. 20549
Form 13F
Form 13F Cover Page
Report for Calendar Year or Quarter Ended: June 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:
Name: Del-Vest,Inc.
Address: 222 Delaware Avenue
16th Floor
Wilmington, DE 19899
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
schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: R. Merl Jones
Title: Vice President
Phone: 302-658-9767
Signature, Place, and Date of Signing:
R. Merl Jones Wilmington, DE July 22, 1999
Report Type (Check only one.):
[ ] 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.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total:
Form 13F Information Table Value Total:
List of Other Included Managers:
No. 13F File Number Name
01 Del-Vest, Inc.
<TABLE> <C> <C>
06/30/99
FORM 13F INFORMATION TABLE
NAME OF ISSUER TITLE
OF FAIR MKT SHARES/
CLASS CUSIP VALUE PRN AMT
AFLAC INC COMMON "001055102 38,300 800"
AT&T CORP COMMON "001957109 107,718 1,930"
AT&T CORP BND 001957AM1 25,163 25,000
ABBOTT LABS COMMON "002824100 30,311 668"
ADOBE SYS INC COMMON "00724F101 8,216 100"
AIRTOUCH COMMUNICATION COMMON "00949T100 21,531 200"
ALBERSTONS INC COMMON "013104104 975,305 18,915"
ALLEGHENY ENERGY INC COMMON "017361106 6,413 200"
ALLIANCE CAP MGMT LP COMMON "018548107 16,156 500"
ALLIEDSIGNAL INC COMMON "019512102 18,900 300"
ALLIEDSIGNAL INC BND "019513AD4 595,144 550,000"
ALLTEL CORP COMMON "020039103 40,040 560"
AMERICA ONLINE INC DEL COMMON "02364J104 33,000 300"
AMERICAN EXPRESS CO COMMON "025816109 65,063 500"
AMERICAN EXPRESS CO BND 025816AG4 458,828 440,000
AMERICAN EXPRESS CO BND 025818BT1 300,360 300,000
AMERICAN GENERAL FINA BND 02635KCL6 95,174 100,000
AMERICAN HOME PRODS CO COMMON "026609107 82,046 1,430"
AMERICAN HOME PRODS CO BND 026609AD9 2,021,160 2000000
AMERICAN HOME PRODS CO BND 026609AE7 316,041 298,000
AMERICAN INTL GROUP INC COMMON "026874107 2,068,994 17,646"
AMOCO CDP PETE CO BND "031678AF2 227,808 225,000"
ANALOG DEVICES INC COMMON "032654105 19,222 383"
ANHEUSER BUSCH COS INC BND 035229AY9 24,810 25,000
ASSOCIATES CORP N A SR BND 045903XS5 1,012,700 1000000
ASSOCIATES CORP N.A. BND 046003EL9 30,000 30,000
ASSOCIATES CORP N.A. BND 046003EP0 253,748 255,000
ASSOCIATES CORP NORTH BND 046003FN4 19,680 20,000
ASSOCIATES CORP NORTH BND 046003HY8 85,402 85,000
ASSOCIATES CORP NORTH BND 046003JH3 24,197 25,000
ASSOCIATES CORP NORTH BND 046003JX8 49,020 50,000
ASSOCIATES FIRST CAP CO COMMON "046008108 48,008 1,088"
AUTO DATA PROCESSSING COMMON "053015103 1,486,320 33,780"
BT PFD CAP TR I PFD "055839203 25,188 1,000"
BANK NEW YORK INC BND "064057AM4 501,880 500,000"
BANK ONE CORP COMMON "06423A103 143,307 2,406"
BANKAMERICA CORP BND 066050BP9 335,236 324,000
BANKAMERICA CORP BND 066050CC7 46,743 45,000
BANKAMERICA CORP BND 066050CL7 55,178 55,000
BANKAMERICA CORP BND 006050CQ6 24,426 25,000
BANKERS TR CORP BND 066365DB0 300,963 300,000
BAXTER INTERNATIONAL COMMON "071813109 15,156 250"
BEAR STEARNS COS INC BND 073902BH0 34,192 35,000
BELL ATLANTIC CORP COMMON "077853109 62,760 960"
BELLSOUTH TELECOM BND 079867AE7 50,000 50,000
BIONOVA HLDG CORP COMMON 09063Q107 338 100
BOEING CO COMMON "097023105 27,280 620"
BRISTOL MYERS SQUIBB COMMON "110122108 92,978 1,320"
CIT GROUP HOLDINGS INC BND 125569DP5 24,950 25,000
CATERPILLAR FINL SVCS BND 14912LUY5 301,533 300,000
CATERPILLAR FINL SVCS BND 14912LVF5 400,912 400,000
CHESAPEAKE & POTOMAC BND 165069AR6 199,974 200,000
CHESAPEAKE UTILS CORP COMMON "165303108 58,008 3,125"
CHEVRON CORPORATION COMMON 166751107 26,618 280
CHRYSLER FINL L L C BND 171205DF1 24,902 25,000
CHUBB CORP COMMON "171232101 16,263 234"
CISCO SYS INC COMMON 17275R102 94,079 1,460
CINTAS CORP COMMON "172908105 1,626,273 24,205"
CITIGROUP INC COMMON "172967101 128,108 2,697"
CITICORP BND 173034GF0 104,478 100,000
CITICORP MTN SUB BE BND 17303MAB5 500,810 500,000
COCA COLA CO COMMON "191216100 831,730 13,415"
COMMERCIAL CREDIT CO BND 201615DD0 402,904 400,000
COMPAQ COMPUTER CORP COMMON "204493100 40,032 1,690"
COMPUTER SCIENCES CORP COMMON "205363104 13,838 200"
CONAGRA INC COMMON "205887102 709,157 26,635"
CONECTIV INC COMMON "206829103 9,213 377"
CONSOLIDATED EDISON C BND 209111BR3 608,052 600,000
CONSOLIDATED EDISON CO BND 209111CA9 699,678 700,000
CROWN CORK & SEAL INC COMMON "228255105 11,400 400"
DANAHER CORP DEL COMMON "235851102 17,438 300"
DEAN WITTER DISCOVER BND 24240VAB7 150,185 150,000
DEAN WITTER DISCOVER CO BND 24240VAC5 404,308 400,000
DEAN WITTER DISCOVER BND 24240VAL5 503,190 500,000
DEAN WITTER DISCOVER & BND 24240VAN1 23,979 25,000
DELPHI AUTOMOTIVE SYS COMMON "247126105 4,311 233"
DIEBOLD INC COMMON "253651103 12,938 450"
DISNEY WALT COMPANY COMMON "254687106 18,488 600"
DISNEY WALT COMPANY BND 254687AJ5 392,075 390,000
DISNEY WALT COMPANY BND 254687AM8 60,493 60,000
DISNEY WALT CO MTNS BE BND 25468PAZ9 95,559 100,000
DOW CAPITAL B V BND 260540AH2 50,969 50,000
DU PONT EI DE NEMOURS COMMON "263534109 717,281 10,500"
DU PONT EI DE NEMOURS BND 263534AZ2 25,350 25,000
DUKE ENERGY CORP COMMON "264399106 21,775 400"
DUKE ENERGY CORP BND 264399CF1 25,170 25,000
DUPONT PHOTOMASKS INC COMMON "26613X101 23,938 500"
ECOLAB INC COMMON "278865100 1,386,403 31,780"
EMERSON ELEC CO COMMON "291011104 18,881 300"
ENTERGY CORP NEW COMMON "29364G103 20,938 670"
EQUIFAX INC COMMON "294429105 1,001,570 28,065"
EXXON CORP COMMON "302290101 87,151 1,130"
FPL GROUP INC COMMON "302571104 61,453 1,125"
FANNIE MAE COMMON "313586109 1,423,695 20,860"
FIRST UN CORP COMMON "337358105 39,161 831"
FIRST UN CORP BND 337358BE4 329,482 330,000
FLEET FINL GROUP INC COMMON 338915101 49,256 1,110
FORD MTR CO DEL COMMON "345370100 98,766 1,750"
FORD MTR CR CO BND 345397GP2 25,029 25,000
FORD MTR CR CO BND 345397GS6 205,458 200,000
FORD MTR CR CO BND 345397GU1 325,969 325,000
FORD MTR CR CO BND 345397ME0 40,081 40,000
FORD MTR CR CO BND 345397NL3 24,857 25,000
FORD MTR CR CO BND 345397NR0 274,139 275,000
FORD MTR CR CO BND 345397RS4 96,214 96,000
FORD MTR CR CO BND 345397RT2 58,972 60,000
FORD MTR CR CO BND "345397SD6 24,396 25,000"
GENERAL ELEC CO COMMON "369604103 1,921,000 17,000"
GENERAL ELEC CAP CORP BND 369622DB8 25,874 25,000
GENERAL MTRS ACCEP CO BND 370424FU2 20,570 20,000
GENERAL MTRS ACCEP CO BND 370424MF7 50,040 50,000
GENERAL MTRS ACCEP CO BND 370425QT0 445,086 450,000
GENERAL MTRS ACCEP CO BND 37042FB64 50,000 50,000
GENERAL MTRS ACCEP CO BND 37042QJC6 296,277 300,000
GENERAL MTRS CORP COMMON "370442105 36,564 554"
GENERAL MTRS CORP PFD 370442790 13,875 500
GENERAL MTRS CORP BND 370442AH8 365,141 350,000
GILLETTE CO COMMON "375766102 1,045,869 25,509"
GLAXO WELCOME PLC COMMON "33733W105 22,650 400"
GRAND MET INVT CORP BND 386088AC2 313,989 300,000
GUIDANT CORP COMMON "401698105 1,330,784 26,030"
HERCULES INC COMMON "427056106 151,353 3,850"
HEWLETT PACKARD CO COMMON "428236103 11,208,728 165,290"
HOME DEPOT INC COMMON "437076102 1,306,148 20,270"
HONG KONG TELECOMMUNI COMMON "438579203 16,163 600"
IBM CR CORP MTN BE BND 44922L4J2 499,855 500,000
IBM CR CORP MTN BE BND 44922L5Z5 24,372 25,000
ILLINOIS TOOLS WKS INC COMMON "452308109 1,812,398 22,170"
INFINITY BROADCASTING COMMON "45662S102 29,563 1,000"
INTEL CORP COMMON "458140100 1,487,619 25,002"
INTERNATIONAL BUS MACH COMMON "459200101 155,100 1,200"
INT'L BUSINESS MACHINE BND 459200AK7 326,320 325,000
INT'L BUSINESS MACHINE BND 459200AQ4 296,478 300,000
INTL LEASE FIN BND 459745AR6 50,039 50,000
JOHNSON & JOHNSON COMMON "478160104 39,200 400"
KIMBERLY CLARK CORP COMMON "494368103 6,042 106"
KIMBERLY CLARK CORP BND "494368AN3 20,908 20,000"
LITHIUM TECHNOLOGY CORP COMMON "536808306 798 2,100"
LOUISIANA PAC CORP COMMON "546347105 7,163 300"
LUCENT TECHNOLOGIES INC COMMON "549463107 1,687,961 25,030"
LUCENT TECHNOLOGIES INC BND 549463AA5 406,516 400,000
MBNA CORP COMMON "55262L100 1,728,353 56,436"
MCI WORLDCOM INC COMMON "55268B106 60,502 703"
MSDW CAP TR I PFD 553538208 23,750 1,000
MCDONALDS CORP COMMON "580135101 74,025 1,800"
MCKESSON HBOC INC COMMON "58155Q103 20,246 629"
MEDITRUST CORP COMMON "58501T306 7,838 600"
MEDTRONIC INC COMMON "585055106 1,700,790 21,840"
MELLON FINL CO BND 585510CA6 504,900 500,000
MELLON FINL CO BND 585510CF5 24,365 25,000
MERCK & CO INC COMMON "589331107 1,416,398 19,238"
MERRILL LYNCH & CO INC BND 590188HZ4 49,196 50,000
MERRILL LYNCH CO INC BND 59018SVT8 400,496 400,000
MERRILL LYNCH PFD CAP PFD 59021F206 23,875 1,000
MICROSOFT CORP COMMON "594918104 453,102 5,024"
MICRON TECHNOLOGY INC COMMON "595112103 7,088 175"
MILLIPORE CORP COMMON "601073109 8,113 200"
MORGAN J P & CO INC COMMON "616880100 14,050 100"
MORGAN STAN DEAN WITTR BND 617446CQ0 44,920 45,000
MORGAN STAN DEAN WITTR BND 617446DE6 28,808 30,000
MOTOROLA INC COMMON "620076109 88,118 930"
NATIONAL RURAL UTILS BND 637432BL8 301,080 300,000
NATIONAL RURAL UTILS CO BND 637432CE3 721,148 750,000
NATL RURAL UTILS COOP BND 63743HBE1 200,232 200,000
NATIONSBANK CORP BND 638585AA7 261,693 250,000
NATIONSBANK CORP BND 638585AH2 34,833 35,000
NATIONSBANK CORP BND 638585AJ8 105,018 100,000
NATIONSBANK CORP BND 638585BD0 239,853 250,000
NATIONSBANK CORP BND 638585BE8 645,242 650,000
NATIONSBANK CORP BND 638585BJ7 29,492 30,000
NATIONSBANK CORP SR MTN BND 63858RDD0 198,334 200,000
NEWELL RUBBERMAID INC COMMON "651229106 1,103,725 23,800"
NORTEL NETWORKS CORP COMMON "656569100 1,661,591 19,140"
NORWEST FINL INC BND "669383CT6 25,231 25,000"
NORWEST CORP MEDTERM BND "66938FJH8 200,132 200,000"
PHH CORP MTN BE BND 69332HGN0 1,991,440 2000000
PNC BANK CORP COMMON "693475105 4,175,911 72,467"
PACIFIC GAS & ELEC CO BND 694308EA1 207,346 200,000
PACIFICORP SECD BOOK BND 69512EFH3 201,240 200,000
PAYCHEX INC COMMON "704326107 17,914 562"
PENNEY JC INC MTN BE BND 70816FAC7 199,238 200,000
PENNSYLVANIA PWR< CO BND 709051BN5 75,872 75,000
PEPSICO INC COMMON "713448108 39,461 1,020"
PFIZER INC COMMON "717081103 21,800 200"
PHILIP MORRIS COS COMMON "718154107 8,038 200"
PHILIP MORRIS COS BND 718154BQ9 30,620 30,000
PHILIP MORRIS COS BND 718154BV8 50,600 50,000
PHILIP MORRIS COS BND 718154CJ4 24,850 25,000
PICTURETEL CORP COMMON "720035302 16,000 2,000"
PROCTER & GAMBE CO COMMON "742718109 1,257,533 14,090"
PROMUS HOTEL CORP NEW COMMON "74342P106 7,161 231"
RAYTHEON CO COMMON "755111408 7,050 100"
ROYAL DUTCH PETE CO COMMON "780257804 46,995 780"
SGI INTL COMMON 784185209 38 250
ST FRANCIS BANK FID BND "789369GL3 20,000 20,000"
SCHERING PLOUGH CORP COMMON "806605101 1,668,765 31,786"
SEARS ROEBUCK ACCEP BND 812404AH4 278,548 275,000
SEARS ROEBUCK ACCEP BND 812404BC4 24,609 25,000
SEARS ROEBUCK ACCEP BND 81240QCX8 297,708 300,000
SONY CORP BND 835699AA7 24,744 25,000
SOUTH CAROLINA E&G BND "837004BE9 188,062 200,000"
SOUTHERN CALIF EDISON BND "842400DU4 35,168 35,000"
SOUTHERN NEW ENG TELE BND "84348QAG2 251,338 250,000"
STAPLES INC COMMON "855030102 59,091 1,910"
STATE STR CORP COMMON "857477103 1,318,190 15,440"
TAMPA ELEC CO BND 875127AM4 49,874 50,000
TELE COMMUNICATIONS BND 879240AS8 1,367,951 1300000
TIDEWATER INC COMMON "886423102 6,100 200"
TYCO INTL LTD COMMON "902124106 1,018,752 10,752"
US WEST COMMUNICATIONS BND 912920AN5 40,780 45,000
UNITED TECHNOLOGIES CORPCOMMON "913017109 1,503,360 20,880"
WMX TECHNOLOGIES INC BND 92929QAD9 251,888 250,000
WAL MART STORES INC COMMON "931142103 85,885 1,780"
WAL MART STORES INC BND 931142AK9 1,765,756 1000000
WALGREEN CO COMMON "931422109 1,603,434 54,585"
WASHINGTON MUTUAL INC COMMON "939322103 48,365 1,360"
WILMINGTON TRUST CORP COMMON "971807102 97,538 1,700"
WISCONSIN ENERGY CORP COMMON "976657106 7,519 300"
WRIGLEY WM JR CO COMMON "982526105 1,057,675 11,859"
XILINX INC COMMON "983919101 343,500 6,000"
XEROX CORP BND 984121AW3 721,665 750,000
REPORT TOTALS "78,331,129" "29,227,781"
</TABLE>
