<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Report for the Quarter Ending: June 30, 2000
Institutional Investment Manager Filing this Report:
Name: Gardner Investments
Address: 223 East Chestnut Street
Lancaster, PA 17602
13F File Number: 28-2635
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: Herbert W. Zimmerman
Title: Trading Administrator
Phone: (717) 299-1385
Signature, Place, and Date of Signing:
Herbert W. Zimmerman, Lancaster, Pennsylvania August 14, 2000
Report Type
X 13F Holding Report
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: 346
FORM 13F INFORMATION TABLE VALUE TOTAL: $1,274,327,009
2
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<TABLE>
FORM 13-F
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
--------- -------- -------- -------- -------- --------- -------- --------
INVESTMENT DISCRETION VOTING AUTHORITY
(c)
TITLE CUSIP MARKET SHRS OR SH/ PUT/ (a) (b) SHARED OTHER (a) (b) (c)
NAME OF ISSUER OF CLASS NUMBER VALUE PRN AMT PRN CALL SOLE SHARED OTHER MANAGERS SOLE SHARED NONE
-------------- -------- ------ ------ ------- --- ---- ---- ------ ------ -------- ---- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ABBOTT LABS COMMON 2824100 1,249,978 28,050 X 0 0 28,050
AC NIELSEN CORP COMMON 4833109 11,707,740 532,170 X 0 0 532,170
ACETO CORP COMMON 4446100 36,300 3,300 X 0 0 3,300
ACNB CORP COMMON 868109 14,300 800 X 0 0 800
AFFILIATED
COMPUTER SV CL A COMMON 8190100 539,937 16,300 X 0 0 16,300
AFLAC INC COMMON 1055102 11,025 240 X 0 0 240
AGILENT TECH-
NOLOGIES INC COMMON 00846U101 22,494 305 X 0 0 305
AIR PRODS & CHEMS
INC COMMON 9158106 31,000 1,000 X 0 0 1,000
ALCOA INC COMMON 13817101 2,049,198 70,662 X 0 0 70,662
ALICO INC COMMON 16230104 6,350 400 X 0 0 400
ALLEGHANY CORP COMMON 17175100 98,616 587 X 0 0 587
ALLIANCE CAPITAL
UNIT COMMON 01855A101 118,594 2,500 X 0 0 2,500
ALLIED IRISH BKS
ADR COMMON 19228402 65,675 3,700 X 0 0 3,700
ALLSTATE CORP COMMON 20002101 26,344 1,184 X 0 0 1,184
ALLTEL CORP COMMON 20039103 30,969 500 X 0 0 500
AMERADA HESS CORP COMMON 23551104 3,010,498 48,753 X 0 0 48,753
AMERICA ONLINE INC COMMON 02364J104 89,462 1,700 X 0 0 1,700
AMERICAN EXPRESS
CO COMMON 25816109 2,153,284 41,310 X 0 0 41,310
AMERICAN GEN CORP COMMON 26351106 45,380,279 743,939 X 0 0 743,939
AMERICAN HOME
PRODS CORP COMMON 26609107 180,069 3,065 X 0 0 3,065
AMERICAN INTL
GROUP INC COMMON 26874107 4,179,710 35,572 X 0 0 35,572
AMERICAN SATELLITE
NETWORK WTS WARRANT 02937P116 0 43,927 X 0 0 43,927
AMERICAN TOWER
CORP CL A COMMON 29912201 50,025 1,200 X 0 0 1,200
AMERICAN WOODMARK
CORP COMMON 30506109 30,750 1,500 X 0 0 1,500
AMERICAN WTR WKS
INC COMMON 30411102 25,000 1,000 X 0 0 1,000
AMSOUTH BANCORPOR-
ATION COMMON 32165102 53,156 3,375 X 0 0 3,375
ANHEUSER-BUSCH
3
<PAGE>
COS INC COMMON 35229103 5,559,364 74,435 X 0 0 74,435
ANZ EXCHANGEABLE
PFD TR II CONVERT 1824101 8,864 400 X 0 0 400
APTARGROUP INC COMMON 38336103 754,002 27,926 X 0 0 27,926
ARCHER DANIELS
MIDLAND COMMON 39483102 29,437 3,000 X 0 0 3,000
ARCHSTONE CMNTYS
TR COMMON 39581103 6,319 300 X 0 0 300
ARCTIC CAT INC COMMON 39670104 176,938 14,900 X 0 0 14,900
ARMSTRONG HOLDINGS COMMON 42384107 57,008 3,723 X 0 0 3,723
ASSOC FIRST CAP
CORP CL A COMMON 46008108 334,687 15,000 X 0 0 15,000
AT & T CORP COMMON 1957109 736,491 23,151 X 0 0 23,151
AT&T CORP
LBRTY MED A COMMON 1957208 33,101 1,358 X 0 0 1,358
AUTOMATIC DATA
PROCESSING COMMON 53015103 2,042,017 38,124 X 0 0 38,124
AVNET INC COMMON 53807103 29,625 500 X 0 0 500
AVON PRODUCTS INC COMMON 54303102 17,800 400 X 0 0 400
BANK AMER CORP COMMON 60505104 69,400 1,600 X 0 0 1,600
BANK ONE CORP COMMON 06423A103 8,500 320 X 0 0 320
BECTON DICKINSON
& CO COMMON 75887109 11,475 400 X 0 0 400
BELL ATLANTIC
CORP COMMON 77853109 672,833 13,209 X 0 0 13,209
BELLSOUTH CORP COMMON 79860102 153,450 3,600 X 0 0 3,600
BELO A H CORP COMMON 80555105 86,562 5,000 X 0 0 5,000
BERKSHIRE HATHAWAY COMMON 84670108 84,573,600 1,572 X 0 0 1,572
BERKSHIRE HATHAWAY
CL B COMMON 84670207 7,763,360 4,411 X 0 0 4,411
BNY CAP III PFD
SECS SER D PREFERR 05563W206 42,500 2,000 X 0 0 2,000
BOWATER INC COMMON 102183100 52,950 1,200 X 0 0 1,200
BP AMOCO ADR COMMON 55622104 544,110 9,609 X 0 0 9,609
BRISTOL MYERS
SQUIBB CO COMMON 110122108 742,454 12,746 X 0 0 12,746
BROWN-FORMAN CORP
CL A COMMON 115637100 18,388,597 348,599 X 0 0 348,599
BROWN-FORMAN CORP
CL B COMMON 115637209 6,743,744 125,465 X 0 0 125,465
CADBURY SCHWEPPES
ORD COMMON G17444152 39,420 6,000 X 0 0 6,000
CALEDONIA
FINANCIAL CORP COMMON 129267100 102,900 2,800 X 0 0 2,800
CALIFORNIA MICRO
DEV COR COMMON 130439102 30 1 X 0 0 1
CALLAWAY GOLF CO COMMON 131193104 82 5 X 0 0 5
CAMPBELL SOUP CO COMMON 134429109 23,300 800 X 0 0 800
CAPITOL FED FINL COMMON 14057C106 110,625 10,000 X 0 0 10,000
CARLISLE COMPANIES
INC COMMON 142339100 1,984,590 44,102 X 0 0 44,102
4
<PAGE>
CARLTON COMMUNI-
CATIONS PLC COMMON G19068108 578,700 45,000 X 0 0 45,000
CDI CORPORATION COMMON 125071100 888,656 43,615 X 0 0 43,615
CENTRAL NEWSPAPERS
INC COMMON 154647101 90,159,586 1,425,448 X 0 0 1,425,448
CHASE MANHATTAN
CORP COMMON 16161A108 16,583 360 X 0 0 360
CHEVRON CORP COMMON 166751107 320,554 3,774 X 0 0 3,774
CHOICEPOINT INC COMMON 170388102 17,650 400 X 0 0 400
CHUBB CORP COMMON 171232101 701,100 11,400 X 0 0 11,400
CINCINNATI FINL
CORP COMMON 172062101 31,437 1,000 X 0 0 1,000
CISCO SYS INC COMMON 17275R102 82,631 1,300 X 0 0 1,300
CITIGROUP INC COMMON 172967101 44,065,163 729,103 X 0 0 729,103
CLAYTON HOMES INC COMMON 184190106 496,800 62,100 X 0 0 62,100
COCA COLA AMATIL
BNDLD DEF COMMON C5135 36 17,670 9,500 X 0 0 9,500
COCA COLA BEV PLC
UK ORD COMMON G2249L103 14,820 9,500 X 0 0 9,500
COCA-COLA CO COMMON 191216100 413,378 7,197 X 0 0 7,197
COLGATE PALMOLIVE
CO COMMON 194162103 23,950 400 X 0 0 400
COMCAST CORP COMMON 200300101 34,987 900 X 0 0 900
COMCAST CORP
CL A SPL COMMON 200300200 67,726,287 1,672,254 X 0 0 1,672,254
COMERICA INC COMMON 200340107 302,233 6,735 X 0 0 6,735
COMMONWEALTH TEL
ENTERPR COMMON 203349105 101,655 2,160 X 0 0 2,160
COMMUNITY FIRST
BANKSHARES COMMON 203902101 74,874 4,590 X 0 0 4,590
CONOCO INC CL A COMMON 208251306 1,100 50 X 0 0 50
CONOCO INC CL B COMMON 208251405 689,494 28,071 X 0 0 28,071
COOKSON GROUP PLC COMMON G24108105 6,660 2,000 X 0 0 2,000
CORNING INC COMMON 219350105 107,950 400 X 0 0 400
COSTCO WHSL CORP
NEW COMMON 22160K105 330,000 10,000 X 0 0 10,000
COX COMMUNICATIONS
CL A COMMON 224044107 96,319 2,114 X 0 0 2,114
CRANE COMMON 224399105 5,984,376 246,144 X 0 0 246,144
DAGBLADET NWKR COMMON MD027438 7,421,736 124,903 X 0 0 124,903
DAGBLADET PFD PREFERR M9758430 347,310 5,845 X 0 0 5,845
DAIMLERCHRYSLER
AG ORD COMMON D1668R123 64,922 1,247 X 0 0 1,247
DAL-TILE INTL INC COMMON 23426R108 33,000 4,000 X 0 0 4,000
DE BEERS CONS
MINES ADR COMMON 240253302 7,294 300 X 0 0 300
DEAN FOODS CO COMMON 242361103 17,016 537 X 0 0 537
DEERE & CO COMMON 244199105 1,440,077 38,921 X 0 0 38,921
DELPHI AUTOMOTIVE
SYS CORP COMMON 247126105 10,165 698 X 0 0 698
DIAGEO PLC COMMON G42089113 29,476,569 3,399,835 X 0 0 3,399,835
5
<PAGE>
DIAGEO PLC
SPONSORED ADR COMMON 25243Q205 4,253,239 119,599 X 0 0 119,599
DIGENE CORP COMMON 253752109 137,275 3,400 X 0 0 3,400
DIME BANCORP INC
NEW COMMON 25429Q102 5,575 354 X 0 0 354
DIMON INC COMMON 254394109 1,338,641 611,950 X 0 0 611,950
DISNEY WALT
PRODTNS COMMON 254687106 2,415,496 62,235 X 0 0 62,235
DOLLAR GEN CORP COMMON 256669102 14,859 762 X 0 0 762
DOVER CORP COMMON 260003108 4,764,309 117,456 X 0 0 117,456
DOW CHEMICAL CORP COMMON 260543103 13,781 450 X 0 0 450
DOW JONES & CO
INC COMMON 260561105 312,631 4,268 X 0 0 4,268
DROVERS BANCSHARES
PA COMMON 262120108 13,315 866 X 0 0 866
DU ART FILM LABS
INC COMMON 262507106 40,300 310 X 0 0 310
DU PONT E I
DE NEMOURS CO COMMON 263534109 642,858 14,626 X 0 0 14,626
DUN & BRADSTREET
CORP COMMON 26483B106 286,250 10,000 X 0 0 10,000
E W SCRIPPS CO
CL A COMMON 811054204 51,082,740 1,037,213 X 0 0 1,037,213
ELECTRONIC DATA
SYS CORP COMMON 285661104 20,625 500 X 0 0 500
EMBOTELLADORA
ANDINA ADR A COMMON 29081P204 27,025 2,300 X 0 0 2,300
EMBOTELLADORA
ANDINA ADR B COMMON 29081P303 21,994 2,300 X 0 0 2,300
EMERSON ELEC CO COMMON 291011104 78,487 1,300 X 0 0 1,300
ENCORE WIRE CORP COMMON 292562105 69,875 13,000 X 0 0 13,000
EQUIFAX INC COMMON 294429105 679,875 25,900 X 0 0 25,900
ERICSSON LM TEL
ADR CL B COMMON 294821400 530,000 26,500 X 0 0 26,500
ESCO ELECTRONICS
COM COMMON 269030102 153,000 9,000 X 0 0 9,000
EUROMONEY
PUBLICAT'NS PLC COMMON ME620000 183,450 20,000 X 0 0 20,000
EXPEDITORS INTL
WASH INC COMMON 302130109 1,686,250 35,500 X 0 0 35,500
EXXON MOBIL
CORPORATION COMMON 30231G102 3,689,029 46,994 X 0 0 46,994
FEDDERS CORP
CL A COMMON 313135303 13,875 3,000 X 0 0 3,000
FEDERAL MOGUL CORP COMMON 313549107 28,687 3,000 X 0 0 3,000
FEDERAL NAT
MORTGAGE ASSN COMMON 313586109 240,637 4,600 X 0 0 4,600
FEDEX CORP COMMON 31428X106 114,000 3,000 X 0 0 3,000
FIRST CHESTER
CNTY CORP COMMON 31947W100 701,688 51,500 X 0 0 51,500
FIRST DATA CORP COMMON 319963104 104,213 2,100 X 0 0 2,100
6
<PAGE>
FIRST MID-IL
BANCSHARES COMMON 320866106 2,900 100 X 0 0 100
FIRST PAC LTD ORD COMMON G34804107 37,654 110,747 X 0 0 110,747
FIRST UNION CORP COMMON 337358105 5,998,000 241,733 X 0 0 241,733
FIRSTAR CORP NEW
WIS COMMON 33763V109 315,937 15,000 X 0 0 15,000
FIRSTBANK CORP DEL COMMON 33762X106 9,200 800 X 0 0 800
FIRSTSPARTAN FINL
CORP COMMON 337931109 18,044 1,046 X 0 0 1,046
FLEETBOSTON
FINANCIAL CORP COMMON 339030108 32,300 950 X 0 0 950
FORD MOTOR COMMON 345370100 158,713 3,691 X 0 0 3,691
FORTUNE BRANDS INC COMMON 349631101 4,612 200 X 0 0 200
FREDDIE MAC COMMON 313400301 31,430,471 776,061 X 0 0 776,061
FRISBY TECH-
NOLOGIES INC COMMON 358743102 32,300 6,800 X 0 0 6,800
FRITZ COS INC COMMON 358846103 413,531 40,100 X 0 0 40,100
FULTON FINL CORP COMMON 360271100 787,235 44,508 X 0 0 44,508
G A P INC COMMON 364760108 62,500 2,000 X 0 0 2,000
GALLAHER GROUP
PLC SPS ADR COMMON 363595109 4,287 200 X 0 0 200
GANNETT INC DEL COMMON 364730101 3,344,715 55,920 X 0 0 55,920
GENERAL DYNAMICS
CORP COMMON 369550108 15,675 300 X 0 0 300
GENERAL ELEC CO COMMON 369604103 7,087,490 135,322 X 0 0 135,322
GENERAL MTRS CORP COMMON 370442105 92,800 1,600 X 0 0 1,600
GENERAL MTRS CORP
NEW COMMON 370442832 8,336 285 X 0 0 285
GENUINE PARTS CO COMMON 372460105 15,000 750 X 0 0 750
GETTY PETE
MARKETING INC COMMON 374292100 100,538 23,656 X 0 0 23,656
GETTY RLTY CORP COMMON 374297109 250,734 23,056 X 0 0 23,056
GETTY RLTY PFD
CONV PART A CONVERT 374297208 189,956 10,199 X 0 0 10,199
GILLETTE CO COMMON 375766102 10,481 300 X 0 0 300
GLATFELTER P H CO COMMON 377316104 120,722 11,850 X 0 0 11,850
GORMAN RUPP CO COMMON 383082104 7,875 500 X 0 0 500
GRAINGER W W INC COMMON 384802104 167,928 5,450 X 0 0 5,450
GREAT UNVL STORES
PLC ORD COMMON G40768106 96,450 15,000 X 0 0 15,000
GREY ADVERTISING
INC COMMON 397838103 520,000 1,000 X 0 0 1,000
GTE CORP COMMON 362320103 93,375 1,500 X 0 0 1,500
HAL INC COMMON 404073108 0 656 X 0 0 656
HALLIBURTON
COMPANY COMMON 406216101 33,031 700 X 0 0 700
HARCOURT GEN INC COMMON 41163G101 946,397 17,405 X 0 0 17,405
HASBRO INC COMMON 418056107 30,706,528 1,919,158 X 0 0 1,919,158
HEARTLAND EXPRESS
INC COMMON 422347104 48,160 2,886 X 0 0 2,886
HEINEKEN HLDG
7
<PAGE>
N V ORD-A COMMON N39338137 91,485,157 2,350,595 X 0 0 2,350,595
HEINEKEN NV
UNSPONS ADR COMMON 423012202 5,347,064 87,499 X 0 0 87,499
HEINZ H J COMPANY COMMON 423074103 37,187 850 X 0 0 850
HERMAN MILLER INC COMMON 600544100 14,378,841 555,704 X 0 0 555,704
HERSHEY FOODS CORP COMMON 427866108 107,185 2,210 X 0 0 2,210
HEWLETT PACKARD CO COMMON 428236103 99,900 800 X 0 0 800
HILLENBRAND INDS
INC COMMON 431573104 3,036,750 97,176 X 0 0 97,176
HITACHI LTD ADR COMMON 433578507 14,413 100 X 0 0 100
HOLLINGER INTL
INC CL A COMMON 435569108 3,598,512 264,111 X 0 0 264,111
HOME DEPOT INC COMMON 437076102 2,085,490 41,762 X 0 0 41,762
HOMEFED CORP COMMON 43739D208 4,191 6,255 X 0 0 6,255
HORMEL FOODS CORP COMMON 440452100 5,249,031 312,210 X 0 0 312,210
HOUSEHOLD INTL
CORP COMMON 441815107 19,235,582 462,811 X 0 0 462,811
HUTTIG BLDG PRODS
INC COMMON 448451104 69,123 16,757 X 0 0 16,757
I B M COMMON 459200101 1,538,696 14,044 X 0 0 14,044
ILLINOIS TOOL
WORKS INC COMMON 452308109 37,050 650 X 0 0 650
INDYMAC MTG HLDGS
INC COMMON 456607100 20,625 1,500 X 0 0 1,500
INTEL CORP COMMON 458140100 3,444,325 25,764 X 0 0 25,764
INTERIM SVCS INC COMMON 45868P100 7,215,126 406,486 X 0 0 406,486
INTERNAT'L
SPEEDWAY CL B COMMON 460335300 14,348,417 345,745 X 0 0 345,745
INTERPUBLIC GROUP
COS INC COMMON 460690100 1,937,193 45,051 X 0 0 45,051
INT'L MULTIFOODS
CRP COMMON 460043102 302,969 17,500 X 0 0 17,500
INVIK CO A/B SER A COMMON W4832D128 48,235 500 X 0 0 500
IRVINE SENSORS
CORP COMMON 463664102 23,375 5,500 X 0 0 5,500
JEFFERSON PILOT
CORP COMMON 475070108 38,095 675 X 0 0 675
JOHNSON & JOHNSON COMMON 478160104 2,816,844 27,650 X 0 0 27,650
KELLOGG CO COMMON 487836108 35,105 1,180 X 0 0 1,180
KEYSTONE FINL INC COMMON 493482103 321,916 15,149 X 0 0 15,149
KIMBALL INTL INC
CL B COMMON 494274103 61,950 4,200 X 0 0 4,200
KIMBERLY CLARK
CORP COMMON 494368103 426,985 7,442 X 0 0 7,442
KNIGHT RIDDER COMMON 499040103 53,187 1,000 X 0 0 1,000
LANDSTAR SYS INC COMMON 515098101 297,812 5,000 X 0 0 5,000
LEE ENTERPRISES
INC COMMON 523768109 349,687 15,000 X 0 0 15,000
LEGGETT & PLATT
INC COMMON 524660107 1,717,650 104,100 X 0 0 104,100
LEUCADIA NATL CORP COMMON 527288104 868,289 38,062 X 0 0 38,062
8
<PAGE>
LEVEL 3 COMMUNI-
CATIONS INC COMMON 52729N100 8,800 100 X 0 0 100
LEXINGTON CORP
PPTYS TR COMMON 529043101 648,875 58,000 X 0 0 58,000
LG&E ENERGY CORP COMMON 501917108 17,286 724 X 0 0 724
LILLY, ELI AND
COMPANY COMMON 532457108 365,942 3,664 X 0 0 3,664
LIQUI BOX CORP COMMON 536314107 74,250 1,500 X 0 0 1,500
LOEWS CORP COMMON 540424108 24,000 400 X 0 0 400
M & T BK CORP COMMON 55261F104 22,500 50 X 0 0 50
MANPOWER INC WIS COMMON 56418H100 937,600 29,300 X 0 0 29,300
MARKEL CORP COMMON 570535104 240,763 1,700 X 0 0 1,700
MARSHALL & ILSLEY
CORP COMMON 571834100 31,125 750 X 0 0 750
MARTIN MARIETTA
MTLS INC COMMON 573284106 50,945,103 1,259,848 X 0 0 1,259,848
MATTEL INC COMMON 577081102 313,203 23,750 X 0 0 23,750
MAY DEPT STORES CO COMMON 577778103 157,320 6,555 X 0 0 6,555
MCCLATCHY COMPANY
CL A COMMON 579489105 14,547,407 439,167 X 0 0 439,167
MCCORMICK & CO INC COMMON 579780206 505,375 15,550 X 0 0 15,550
MCDONALDS CORP COMMON 580135101 53,359 1,620 X 0 0 1,620
MCGRAW HILL
COMPANIES INC COMMON 580645109 540,000 10,000 X 0 0 10,000
MCKESSON HBOC INC. COMMON 58155Q103 12,563 600 X 0 0 600
MEDTRONIC INC COMMON 585055106 7,472 150 X 0 0 150
MELLON FINL CORP COMMON 58551A108 8,542,080 234,431 X 0 0 234,431
MERCK & CO INC COMMON 589331107 1,585,218 20,688 X 0 0 20,688
MERCURY GEN CORP
NEW COMMON 589400100 58,354 2,470 X 0 0 2,470
MERITOR SVGS
BK PA COMMON 590007100 3,984 3,000 X 0 0 3,000
MERRILL LYNCH
7.28% PFD CAP PREFERR 59021K205 8,675 400 X 0 0 400
MGI PHARMA INC COMMON 552880106 463,127 16,100 X 0 0 16,100
MICROS SYS INC COMMON 594901100 238,528 12,850 X 0 0 12,850
MICROSOFT CORP COMMON 594918104 4,672,320 58,404 X 0 0 58,404
MILLICOM INC
ESCROW RTS WARRANT 600813794 0 175,740 X 0 0 175,740
MILLICOM INTL
CELLULAR COMMON L6388F102 861,490 24,614 X 0 0 24,614
MINNESOTA MNG
& MFG CO COMMON 604059105 100,465 1,215 X 0 0 1,215
MOLEX INC CL A COMMON 608554200 164,045 4,687 X 0 0 4,687
MORGAN J P &
CO INC COMMON 616880100 8,259 75 X 0 0 75
MORGAN STANLEY
DEAN WITTER COMMON 617446448 46,007,280 552,640 X 0 0 552,640
MOTOROLA INC COMMON 620076109 16,860 562 X 0 0 562
NATIONAL CITY CORP COMMON 635405103 1,806,236 105,860 X 0 0 105,860
NESTLE REG COMMON H57312227 3,865,418 1,931 X 0 0 1,931
9
<PAGE>
NESTLE REG ADR COMMON 641069406 52,940,165 527,345 X 0 0 527,345
NOKIA CORP SPONS
ADR COMMON 654902204 610,763 12,200 X 0 0 12,200
NORFOLK SOUTHN
CORP COMMON 655844108 25,287 1,700 X 0 0 1,700
NORGES HANDELS
OG SJOF COMMON M9758220 5,820,686 58,777 X 0 0 58,777
NORTHERN TRUST
CORP COMMON 665859104 972,424 14,946 X 0 0 14,946
NUVEEN PA INVT
QUAL MUN FD COMMON 670972108 23,431 1,630 X 0 0 1,630
OHIO CASUALTY CORP COMMON 677240103 205,062 19,300 X 0 0 19,300
ORACLE CORP COMMON 68389X105 84,062 1,000 X 0 0 1,000
OSHKOSH TRUCK
CORP CL B COMMON 688239201 536 15 X 0 0 15
OWENS CORNING COMMON 69073F103 2,775 300 X 0 0 300
PAINE WEBBER INC COMMON 695629105 34,125 750 X 0 0 750
PANAMERICAN
BEVRGES CL A COMMON P74823108 22,406 1,500 X 0 0 1,500
PE CORP CLRA
GENOMC COMMON 69332S201 55,800 600 X 0 0 600
PENNROCK FINAN'L
SVCS CORP COMMON 708352109 15,931 1,071 X 0 0 1,071
PEPSICO INC COMMON 713448108 180,861 4,070 X 0 0 4,070
PERNOD RICARD
S A ORD COMMON F72027109 285,495 5,250 X 0 0 5,250
PFIZER INC COMMON 717081103 1,960,896 40,852 X 0 0 40,852
PHILIP MORRIS
COS INC COMMON 718154107 46,343,062 1,744,680 X 0 0 1,744,680
PITNEY BOWES INC COMMON 724479100 48,000 1,200 X 0 0 1,200
PLUG PWR INC COMMON 72919P103 4,687 75 X 0 0 75
PNC BANK CORP COMMON 693475105 2,196,750 46,864 X 0 0 46,864
PONTIAC BANCORP
INC COMMON 732490107 6,215 55 X 0 0 55
PORT FINL CORP COMMON 734119100 138,750 10,000 X 0 0 10,000
PRE PAID LEGAL
SVCS INC COMMON 740065107 61,991 2,075 X 0 0 2,075
PREMIER FARNELL
PLC COMMON G33292106 367,500 50,000 X 0 0 50,000
PROCTER & GAMBLE
CO COMMON 742718109 604,102 10,552 X 0 0 10,552
PROGRESSIVE CORP
OHIO COMMON 743315103 8,890,928 120,965 X 0 0 120,965
PROTECTIVE LIFE
CORP COMMON 743674103 17,040 640 X 0 0 640
QUAKER OATS CO COMMON 747402105 4,428,919 58,954 X 0 0 58,954
QUALCOMM INC COMMON 747525103 3,000 50 X 0 0 50
QUILMES INDL
QUINSA SOC ADR COMMON 74838Y108 11,125 1,000 X 0 0 1,000
RCN CORP COMMON 749361101 137,025 5,400 X 0 0 5,400
RED HAT INC COMMON 756577102 5,412 200 X 0 0 200
10
<PAGE>
RELIANT ENERGY
INC COMMON 75952J108 243,000 8,100 X 0 0 8,100
REPTRON ELEC-
TRONICS INC COMMON 76026W109 52,594 4,500 X 0 0 4,500
RITE AID CORP COMMON 767754104 177,031 27,500 X 0 0 27,500
ROTHMANS INC COMMON 77869J106 2,211,604 177,354 X 0 0 177,354
ROYAL DUTCH
PETRO-NY SHRS COMMON 780257804 127,373 2,069 X 0 0 2,069
SAFEWAY INC
COM NEW COMMON 786514208 11,281 250 X 0 0 250
SBC COMMUNICA-
TIONS, INC COMMON 78387G103 1,303,641 30,142 X 0 0 30,142
SBS BROADCASTING
ORD COMMON L8137F102 19,075 350 X 0 0 350
SCHERING PLOUGH
CORP COMMON 806605101 997,375 19,750 X 0 0 19,750
SCHIBSTED A/S COMMON MS164618 1,159,352 62,600 X 0 0 62,600
SCHLUMBERGER COMMON 806857108 337,678 4,525 X 0 0 4,525
SCHULMAN A INC COMMON 808194104 550,279 45,619 X 0 0 45,619
SCHWEITZER-MAUDUIT
INTL COMMON 808541106 13,569,250 1,085,540 X 0 0 1,085,540
SEALED AIR CORP
NEW COMMON 81211K100 39,281 750 X 0 0 750
SEC CAP U S RLTY
ADR SPONS COMMON 814136206 36,000 2,000 X 0 0 2,000
SECTY CAP GRP
INC CL B COMMON 81413P204 34,000 2,000 X 0 0 2,000
SENECA FOODS
CORP CL A COMMON 817070501 51,188 4,500 X 0 0 4,500
SENECA FOODS
CORP CL B COMMON 817070105 52,875 4,500 X 0 0 4,500
SEQUA CORP $5
CM CV PFD CONVERT 817320302 31,400 400 X 0 0 400
SERVICEMASTER
COMPANY COMMON 81760N109 406,190 35,709 X 0 0 35,709
SHAW INDS INC COMMON 820286102 325,000 25,000 X 0 0 25,000
SHELL TRANS &
TRAD PLC NY COMMON 822703609 4,994 100 X 0 0 100
SHERWIN WILLIAMS
CO COMMON 824348106 63,563 3,000 X 0 0 3,000
SMITHKLINE
BEECHAM-SP ADR COMMON 832378301 260,750 4,000 X 0 0 4,000
SMUCKER J M CO
CL B NON VTG COMMON 832696207 86,250 4,600 X 0 0 4,600
SOUTHERN UNION CO COMMON 844030106 80,644 5,100 X 0 0 5,100
ST PAUL COS INC COMMON 792860108 68,250 2,000 X 0 0 2,000
STARBUCKS CORP COMMON 855244109 38,187 1,000 X 0 0 1,000
STERLING FINL CORP COMMON 859317109 65,005 3,281 X 0 0 3,281
STURM RUGER & CO
INC COMMON 864159108 67,450 7,600 X 0 0 7,600
SUIZA FOODS CORP COMMON 865077101 62,316 1,275 X 0 0 1,275
11
<PAGE>
SUMMIT BANCORP COMMON 866005101 26,767 1,087 X 0 0 1,087
SUNGARD DATA SYS
INC COMMON 867363103 7,750 250 X 0 0 250
SUSQUEHANNA
BANCSHRS INC COMMON 869099101 105,949 7,435 X 0 0 7,435
SYMBOL TECH INC COMMON 871508107 21,600 400 X 0 0 400
SYSCO CORPORATION COMMON 871829107 21,063 500 X 0 0 500
TELEGRAAF HOLDING
CVA COMMON N41207114 80,767,338 3,526,958 X 0 0 3,526,958
TELLABS INC COMMON 879664100 8,555 125 X 0 0 125
TEMPLETON GLOBAL
INCOME FD COMMON 880198106 4,344 702 X 0 0 702
TEXACO INC COMMON 881694103 314,117 5,892 X 0 0 5,892
TIME WARNER INC COMMON 887315109 872,784 11,484 X 0 0 11,484
TOKHEIM CORP COMMON 889073102 325 200 X 0 0 200
TOOTSIE ROLL
INDS INC COMMON 890516107 43,435 1,241 X 0 0 1,241
TORCHMARK CORP COMMON 891027104 225,891 9,150 X 0 0 9,150
TOYS R US INC COMMON 892335100 27,922 1,893 X 0 0 1,893
TRIBUNE CO COMMON 896047107 7,000 200 X 0 0 200
TYCO INTL LTD COMMON 902124106 2,748 58 X 0 0 58
U S GLOBAL INVS
INC CL A PREFERR 902952100 7,000 4,000 X 0 0 4,000
U S WEST INC COMMON 91273H101 6,946 81 X 0 0 81
UNB CORP PA COMMON 903057107 17,325 105 X 0 0 105
UNIFI INC COMMON 904677101 1,197,751 96,788 X 0 0 96,788
UNION PAC CORP COMMON 907818108 18,750 500 X 0 0 500
UNION PAC RES
GROUP INC COMMON 907834105 17,600 800 X 0 0 800
UNISYS CORP COMMON 909214108 5,825 400 X 0 0 400
UNITED PARCEL
SVC INC CL B COMMON 911312106 11,800 200 X 0 0 200
UNIVERSAL CORP VA COMMON 913456109 2,526,867 119,615 X 0 0 119,615
UNUMPROVIDENT CORP COMMON 91529Y106 92,287 4,600 X 0 0 4,600
US BANCORP COMMON 902973106 6,545 340 X 0 0 340
UST INC COMMON 902911106 211,500 14,400 X 0 0 14,400
V F CORP COMMON 918204108 1,037,225 43,558 X 0 0 43,558
VAN MELLE COMMON N9146H103 870,080 32,000 X 0 0 32,000
VECTREN CORP COMMON 92240G101 255,455 14,809 X 0 0 14,809
VISTEON CORP COMMON 92839U107 5,832 481 X 0 0 481
VODAFONE GROUP
PLC ADR COMMON 92857T107 10,438 250 X 0 0 250
VORNADO OPER CO COMMON 92904N103 8,525 1,100 X 0 0 1,100
VORNADO RLTY TR COMMON 929042109 764,500 22,000 X 0 0 22,000
VULCAN MATERIALS
CO COMMON 929160109 3,306,147 77,450 X 0 0 77,450
WACHOVIA CORP COMMON 929771103 3,243,119 59,781 X 0 0 59,781
WAL MART STORES
INC COMMON 931142103 500,381 8,769 X 0 0 8,769
WALGREEN COMPANY COMMON 931422109 316,431 9,850 X 0 0 9,850
WALLACE COMPUTER
12
<PAGE>
SERVICES COMMON 932270101 5,766,546 583,954 X 0 0 583,954
WASHINGTON POST
CO CL B COMMON 939640108 42,304,434 88,503 X 0 0 88,503
WELLS FARGO NEW COMMON 949746101 46,792,673 1,192,170 X 0 0 1,192,170
WESCO FINL CORP COMMON 950817106 1,562,100 7,620 X 0 0 7,620
WORLDCOM INC GA
NEW COMMON 98157D106 9,175 200 X 0 0 200
WPP GROUP PLC
ADR SPONSORED COMMON 929309300 653,625 9,000 X 0 0 9,000
WRIGLEY WM JR CO COMMON 982526105 66,155 825 X 0 0 825
XEROX CORP COMMON 984121103 6,094 300 X 0 0 300
ZUERCHER ZEITUNG COMMON MN152015 733,520 6 X 0 0 6
</TABLE>
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70655160.AK8
