<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2000
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: Gardner Russo & Gardner
Address: 223 East Chestnut Street
Lancaster, PA 17602
Form 13F File Number: 028-02635
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:
/s/ Herbert W. Zimmerman Lancaster, PA 5/8/00
_______________________ _____________________ _________
[Signature] [City, State] [Date]
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT. (Check here if all holdings of
this reporting manager are reported in this report.)
<PAGE>
[ ] 13F NOTICE. (Check her if no holdings reported are in
this report, and all holdings are reported by other
reporting manger(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the
holdings for this reporting manager are reported in this
report and a portion are reported by other reporting
manager(s).)
List of Other Managers Reporting for this Manager: NONE
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28-
[Repeat as necessary.]
2
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 399
Form 13F Information Table Value Total: $1,450,716
[in thousands]
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file
number(s) of all institutional investment managers with respect
to which this report is filed, other than the manager filing this
report.
[If there are no entries in this list, state "NONE" and omit the
column headings and list entries.]
No. Form 13F File Number Name
28-
[Repeat as necessary.]
3
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<TABLE>
GARDNER RUSSO & GARDNER
FORM 13F
March 31, 2000
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
--------- -------- -------- -------- -------- --------- -------- --------
INVESTMENT DISCRETION VOTING AUTHORITY
--------------------- -------------------
TITLE SHRS OR SH/ PUT/ (A) (B) (C) OTHER (A) (B) (C)
NAME OF ISSUER CLASS CUSIP VALUE PRN AMT PRN CALL SOLE SHARE OTHER MANAGERS SOLE SHARE NONE
- --------------------- ----- --------- ------------ --------- --- --- ---- ----- ----- -------- --------- ----- ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON STOCKS
- -------------
SANOMA-WSOY OYJ-A COMMON 107,920 1,426 X 0 0 1,426
LLOYDS TSB GROUP PLC COMMON 211,200 20,000 X 0 0 20,000
ALMA MEDIA CORP II COMMON 23,600 500 X 0 0 500
CIE FINANC RICHEMONT
A-SW COMMON 43,142,601 16,982 X 0 0 16,982
HEINEKEN HOLDING NV-A COMMON 120,715 3,500 X 0 0 3,500
WEETABIX CL A ORD COMMON 52,245,310 1,364,820 X 0 0 1,364,820
READYMIX ORD COMMON 4,673,207 3,738,566 X 0 0 3,738,566
PARTRIDGE FINE ART ORD COMMON 1,011,015 972,130 X 0 0 972,130
FORTNUM MASON PLC ORD COMMON 791,625 118,153 X 0 0 118,153
WEGENER NV COMMON 6,650,592 371,334 X 0 0 371,334
CORBY DISTILLERIES
CL A COMMON 4,559,541 92,019 X 0 0 92,019
FIRST CHILLICOTHE CORP COMMON 11,340 81 X 0 0 81
DAILY MAIL & GEN
TST-A ORD COMMON 1,727,100 90,000 X 0 0 90,000
HSBC HLDGS PLC ORD COMMON 140,280 12,000 X 0 0 12,000
COCA COLA AMATIL
BNDLD DEF COMMON 20,520 9,500 X 0 0 9,500
TABAK KUTNA HORA AS COMMON 3,999,037 22,381 X 0 0 22,381
PICK SZEGED COMMON 214,900 5,000 X 0 0 5,000
DAIMLERCHRYSLER AG ORD COMMON D1668R123 81,601 1,247 X 0 0 1,247
PERNOD RICARD S A ORD COMMON F72027109 300,875 6,250 X 0 0 6,250
CADBURY SCHWEPPES ORD COMMON G17444152 40,260 6,000 X 0 0 6,000
COCA COLA BEV PLC
UK ORD COMMON G2249L103 17,765 9,500 X 0 0 9,500
COOKSON GROUP PLC COMMON G24108105 5,780 2,000 X 0 0 2,000
PREMIER FARNELL PLC COMMON G33292106 332,500 50,000 X 0 0 50,000
FIRST PAC LTD ORD COMMON G34804107 53,883 109,966 X 0 0 109,966
GREAT UNVL STORES PLC
ORD COMMON G40768106 91,200 15,000 X 0 0 15,000
DIAGEO PLC COMMON G42089113 23,547,643 3,135,505 X 0 0 3,135,505
4
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TRANSOCEAN SEDCO
FOREX INC COMMON G90078109 43,154 841 X 0 0 841
NESTLE REG COMMON H57312227 3,463,685 1,933 X 0 0 1,933
MILLICOM INTL CELLULAR COMMON L6388F102 1,450,186 25,414 X 0 0 25,414
SBS BROADCASTING ORD COMMON L8137F102 21,525 350 X 0 0 350
DAGBLADET NWKR COMMON MD027438 7,816,156 125,783 X 0 0 125,783
EUROMONEY PUBLICAT'NS
PLC COMMON ME620000 239,250 5,000 X 0 0 5,000
ZUERCHER ZEITUNG COMMON MN152015 814,061 6 X 0 0 6
SCHIBSTED A/S COMMON MS164618 1,641,499 66,350 X 0 0 66,350
NORGES HANDELS OG SJOF COMMON M9758220 5,799,965 65,337 X 0 0 65,337
DAGBLADET PFD PREFERR M9758430 363,208 5,845 X 0 0 5,845
HEINEKEN HLDG N V
ORD-A COMMON N39338137 82,907,890 2,403,824 X 0 0 2,403,824
TELEGRAAF HOLDING CVA COMMON N41207114 115,202,749 3,672,386 X 0 0 3,672,386
VAN MELLE COMMON N9146H103 1,422,630 49,500 X 0 0 49,500
PANAMERICAN BEVRGES
CL A COMMON P74823108 26,437 1,500 X 0 0 1,500
INVIK CO A/B SER B COMMON W4832D110 11,699,328 80,763 X 0 0 80,763
INVIK CO A/B SER A COMMON W4832D128 66,635 500 X 0 0 500
SANOMA-WSOY OYJ-B COMMON 1,597,398 21,242 X 0 0 21,242
CARLTON COMMUNICATIONS
PLC COMMON 546,300 45,000 X 0 0 45,000
HEINEKEN NV COMMON 33,437 625 X 0 0 625
AMERICAN LIFE
INSURANCE COMMON 81,600 240,000 X 0 0 240,000
ARIEL CAPITAL
MANAGEMENT COMMON 39,496 25 X 0 0 25
ACNB CORP COMMON 868109 14,200 800 X 0 0 800
AFLAC INC COMMON 1055102 10,935 240 X 0 0 240
ANZ EXCHANGEABLE PFD
TR II CONVERT 1824101 9,025 400 X 0 0 400
AT & T CORP COMMON 1957109 1,260,330 22,381 X 0 0 22,381
AT&T CORP LBRTY MED A COMMON 1957208 40,273 679 X 0 0 679
ABBOTT LABS COMMON 2824100 1,189,338 33,800 X 0 0 33,800
ACETO CORP COMMON 4446100 29,700 3,300 X 0 0 3,300
AC NIELSEN CORP COMMON 4833109 9,952,425 442,330 X 0 0 442,330
AFFILIATED COMPUTER
SV CL A COMMON 8190100 634,600 16,700 X 0 0 16,700
AIR PRODS & CHEMS INC COMMON 9158106 28,437 1,000 X 0 0 1,000
ALICO INC COMMON 16230104 71,500 4,400 X 0 0 4,400
ALLEGHANY CORP COMMON 17175100 110,920 590 X 0 0 590
ALLIANCE CAPITAL UNIT COMMON 01855A101 103,594 2,500 X 0 0 2,500
ALLIED IRISH BKS ADR COMMON 19228402 71,456 3,700 X 0 0 3,700
ALLSTATE CORP COMMON 20002101 28,194 1,184 X 0 0 1,184
ALLTEL CORP COMMON 20039103 31,531 500 X 0 0 500
AMERADA HESS CORP COMMON 23551104 3,142,584 48,628 X 0 0 48,628
AMERICA ONLINE INC COMMON 02364J104 114,644 1,700 X 0 0 1,700
AMERICAN EXPRESS CO COMMON 25816109 2,125,338 14,270 X 0 0 14,270
AMERICAN GEN CORP COMMON 26351106 37,636,359 670,581 X 0 0 670,581
5
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AMERICAN HOME PRODS
CORP COMMON 26609107 186,244 3,465 X 0 0 3,465
AMERICAN INTL GROUP
INC COMMON 26874107 3,895,134 35,572 X 0 0 35,572
AMERICAN SATELLITE
NETWORK WTS WARRANT 02937P116 0 44,589 X 0 0 44,589
AMERICAN TOWER CORP
CL A COMMON 29912201 59,250 1,200 X 0 0 1,200
AMERICAN WTR WKS INC COMMON 30411102 23,750 1,000 X 0 0 1,000
AMERICAN WOODMARK CORP COMMON 30506109 30,937 1,500 X 0 0 1,500
AMSOUTH BANCORPORATION COMMON 32165102 50,414 3,375 X 0 0 3,375
ANHEUSER-BUSCH COS INC COMMON 35229103 4,789,204 76,935 X 0 0 76,935
APTARGROUP INC COMMON 38336103 745,275 27,926 X 0 0 27,926
ARCHER DANIELS MIDLAND COMMON 39483102 54,079 5,244 X 0 0 5,244
ARCHSTONE CMNTYS TR COMMON 39581103 5,981 300 X 0 0 300
ARCTIC CAT INC COMMON 39670104 152,725 14,900 X 0 0 14,900
ARMSTRONG WORLD INDS COMMON 42476101 66,549 3,723 X 0 0 3,723
ASSOC FIRST CAP CORP
CL A COMMON 46008108 470,250 22,000 X 0 0 22,000
AUTOMATIC DATA
PROCESSING COMMON 53015103 1,839,483 38,124 X 0 0 38,124
AVNET INC COMMON 53807103 31,500 500 X 0 0 500
AVON PRODUCTS INC COMMON 54303102 11,700 400 X 0 0 400
BP AMOCO ADR COMMON 55622104 516,685 9,703 X 0 0 9,703
BNY CAP III PFD SECS
SER D PREFERR 05563W206 41,875 2,000 X 0 0 2,000
BANK AMER CORP COMMON 60505104 83,900 1,600 X 0 0 1,600
BANK ONE CORP COMMON 06423A103 11,000 320 X 0 0 320
BECTON DICKINSON & CO COMMON 75887109 10,525 400 X 0 0 400
BELL ATLANTIC CORP COMMON 77853109 833,378 13,634 X 0 0 13,634
BELLSOUTH CORP COMMON 79860102 168,750 3,600 X 0 0 3,600
BELO A H CORP COMMON 80555105 232,375 13,000 X 0 0 13,000
BERKSHIRE HATHAWAY COMMON 84670108 85,800,000 1,500 X 0 0 1,500
BERKSHIRE HATHAWAY
CL B COMMON 84670207 6,373,640 3,502 X 0 0 3,502
BOWATER INC COMMON 102183100 64,050 1,200 X 0 0 1,200
BRISTOL MYERS
SQUIBB CO COMMON 110122108 692,868 11,946 X 0 0 11,946
BROWN-FORMAN CORP CL A COMMON 115637100 17,104,099 330,514 X 0 0 330,514
BROWN-FORMAN CORP CL B COMMON 115637209 6,539,740 120,133 X 0 0 120,133
CDI CORPORATION COMMON 125071100 853,385 44,915 X 0 0 44,915
CALEDONIA FINANCIAL
CORP COMMON 129267100 101,500 1,400 X 0 0 1,400
CALIFORNIA MICRO
DEV COR COMMON 130439102 27 1 X 0 0 1
CALLAWAY GOLF CO COMMON 131193104 77 5 X 0 0 5
CAMPBELL SOUP CO COMMON 134429109 24,600 800 X 0 0 800
CAPITOL FED FINL COMMON 14057C106 94,375 10,000 X 0 0 10,000
CARLISLE COMPANIES INC COMMON 142339100 1,764,080 44,102 X 0 0 44,102
CENTRAL NEWSPAPERS INC COMMON 154647101 46,393,729 1,387,476 X 0 0 1,387,476
CHASE MANHATTAN CORP COMMON 16161A108 20,925 240 X 0 0 240
6
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CHEVRON CORP COMMON 166751107 385,834 4,174 X 0 0 4,174
CHOICEPOINT INC COMMON 170388102 14,950 400 X 0 0 400
CHUBB CORP COMMON 171232101 1,013,438 15,000 X 0 0 15,000
CINCINNATI FINL CORP COMMON 172062101 37,625 1,000 X 0 0 1,000
CISCO SYS INC COMMON 17275R102 129,112 1,670 X 0 0 1,670
CITIGROUP INC COMMON 172967101 60,729,177 1,014,266 X 0 0 1,014,266
CLAYTON HOMES INC COMMON 184190106 604,462 59,700 X 0 0 59,700
COCA-COLA CO COMMON 191216100 337,809 7,197 X 0 0 7,197
COLGATE PALMOLIVE CO COMMON 194162103 270,600 4,800 X 0 0 4,800
COMCAST CORP COMMON 200300101 37,125 900 X 0 0 900
COMCAST CORP CL A SPL COMMON 200300200 88,417,682 2,038,448 X 0 0 2,038,448
COMERICA INC COMMON 200340107 282,028 6,735 X 0 0 6,735
COMMONWEALTH TEL
ENTERPR COMMON 203349105 135,180 2,880 X 0 0 2,880
COMMUNITY FIRST
BANKSHARES COMMON 203902101 73,440 4,590 X 0 0 4,590
CONAGRA INC COMMON 205887102 36,250 2,000 X 0 0 2,000
CONOCO INC CL A COMMON 208251306 1,231 50 X 0 0 50
CONOCO INC CL B COMMON 208251405 854,594 33,350 X 0 0 33,350
CORBY DISTILLERIES
CL B COMMON 218343200 2,337,288 72,250 X 0 0 72,250
CORNING INC COMMON 219350105 135,800 700 X 0 0 700
COX COMMUNICATIONS
CL A COMMON 224044107 236,292 4,872 X 0 0 4,872
CRANE COMMON 224399105 5,856,318 248,544 X 0 0 248,544
CROWN CORK & SEAL INC COMMON 228255105 5,600 350 X 0 0 350
DE BEERS CONS MINES
ADR COMMON 240253302 6,881 300 X 0 0 300
DEAN FOODS CO COMMON 242361103 14,365 537 X 0 0 537
DEERE & CO COMMON 244199105 1,600,598 42,121 X 0 0 42,121
DELAWARE GROUP DEL
FD INC MUTUAL 246093108 34,894 1,912 X 0 0 1,912
DELPHI AUTOMOTIVE
SYS CORP COMMON 247126105 11,168 698 X 0 0 698
DIAGEO PLC SPONSORED
ADR COMMON 25243Q205 3,600,389 119,515 X 0 0 119,515
DIGENE CORP COMMON 253752109 156,400 3,400 X 0 0 3,400
DIME BANCORP INC NEW COMMON 25429Q102 6,549 354 X 0 0 354
DIMON INC COMMON 254394109 1,858,072 782,346 X 0 0 782,346
DISNEY WALT PRODTNS COMMON 254687106 2,600,194 63,035 X 0 0 63,035
DOVER CORP COMMON 260003108 5,661,506 118,256 X 0 0 118,256
DOW CHEMICAL CORP COMMON 260543103 17,100 150 X 0 0 150
DOW JONES & CO INC COMMON 260561105 306,496 4,268 X 0 0 4,268
DROVERS BANCSHARES PA COMMON 262120108 11,344 825 X 0 0 825
DU ART FILM LABS INC COMMON 262507106 42,470 310 X 0 0 310
DU PONT E I DE NEMOURS
CO COMMON 263534109 895,914 16,924 X 0 0 16,924
ESCO ELECTRONICS COM COMMON 269030102 150,750 9,000 X 0 0 9,000
7
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ELECTRONIC DATA SYS
CORP COMMON 285661104 32,094 500 X 0 0 500
EMBOTELLADORA ANDINA
ADR A COMMON 29081P204 29,181 2,300 X 0 0 2,300
EMBOTELLADORA ANDINA
ADR B COMMON 29081P303 27,169 2,300 X 0 0 2,300
EMERSON ELEC CO COMMON 291011104 42,500 800 X 0 0 800
ENCORE WIRE CORP COMMON 292562105 93,437 13,000 X 0 0 13,000
EQUIFAX INC COMMON 294429105 676,700 26,800 X 0 0 26,800
ERICSSON LM TEL ADR
CL B COMMON 294821400 562,875 6,000 X 0 0 6,000
EVERGREEN SEL PLUS
FD-I MUTUAL 299908301 46,202 8,652 X 0 0 8,652
EVERGREEN SEL LTD
DUR-I MUTUAL 299908608 244,440 24,202 X 0 0 24,202
EVERGREEN PA MUNI BD
CL Y MUTUAL 300326402 1,718,736 157,827 X 0 0 157,827
EXPEDITORS INTL
WASH INC COMMON 302130109 1,416,293 35,630 X 0 0 35,630
EXXON CORPORATION COMMON 30231G102 3,778,020 48,475 X 0 0 48,475
FEDDERS CORP CL A COMMON 313135303 17,063 3,000 X 0 0 3,000
FREDDIE MAC COMMON 313400301 37,599,939 850,918 X 0 0 850,918
FEDERAL MOGUL CORP COMMON 313549107 50,062 3,000 X 0 0 3,000
FEDERAL NAT MORTGAGE
ASSN COMMON 313586109 282,812 5,000 X 0 0 5,000
FEDEX CORP COMMON 31428X106 116,438 3,000 X 0 0 3,000
FIRST DATA CORP COMMON 319963104 93,187 2,100 X 0 0 2,100
FIRST EAGLE SOGEN
FDS INC MUTUAL 32008F507 36,974 1,476 X 0 0 1,476
FIRST MID-IL
BANCSHARES COMMON 320866106 3,225 100 X 0 0 100
FIRST UNION CORP COMMON 337358105 9,538,310 256,062 X 0 0 256,062
FIRST WEST CHESTER
CORP PA COMMON 337492102 732,250 50,500 X 0 0 50,500
FIRSTBANK CORP DEL COMMON 33762X106 8,350 800 X 0 0 800
FIRSTAR CORP NEW WIS COMMON 33763V109 344,062 15,000 X 0 0 15,000
FIRSTSPARTAN FINL CORP COMMON 337931109 15,886 1,046 X 0 0 1,046
FLEETBOSTON FINANCIAL
CORP COMMON 339030108 34,675 950 X 0 0 950
FORD MOTOR COMMON 345370100 169,555 3,691 X 0 0 3,691
FORTUNE BRANDS INC COMMON 349631101 5,000 200 X 0 0 200
FRISBY TECHNOLOGIES
INC COMMON 358743102 49,300 6,800 X 0 0 6,800
FRITZ COS INC COMMON 358846103 451,575 44,600 X 0 0 44,600
FULTON FINL CORP COMMON 360271100 892,903 42,393 X 0 0 42,393
GTE CORP COMMON 362320103 106,500 1,500 X 0 0 1,500
GALLAHER GROUP PLC
SPS ADR COMMON 363595109 3,938 200 X 0 0 200
GANNETT INC DEL COMMON 364730101 768,495 10,920 X 0 0 10,920
G A P INC COMMON 364760108 99,625 2,000 X 0 0 2,000
GENERAL DYNAMICS CORP COMMON 369550108 14,925 300 X 0 0 300
8
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GENERAL ELEC CO COMMON 369604103 7,777,204 49,974 X 0 0 49,974
GENERAL MTRS CORP COMMON 370442105 139,953 1,690 X 0 0 1,690
GENUINE PARTS CO COMMON 372460105 17,906 750 X 0 0 750
GETTY PETE MARKETING
INC COMMON 374292100 53,226 23,656 X 0 0 23,656
GETTY RLTY CORP COMMON 374297109 259,380 23,056 X 0 0 23,056
GETTY RLTY PFD CONV
PART A CONVERT 374297208 179,757 10,199 X 0 0 10,199
GILLETTE CO COMMON 375766102 11,306 300 X 0 0 300
GLATFELTER P H CO COMMON 377316104 235,344 22,150 X 0 0 22,150
GORMAN RUPP CO COMMON 383082104 7,875 500 X 0 0 500
GRAINGER W W INC COMMON 384802104 43,400 800 X 0 0 800
GREY ADVERTISING INC COMMON 397838103 409,000 1,000 X 0 0 1,000
HAL INC COMMON 404073108 0 656 X 0 0 656
HALLIBURTON COMPANY COMMON 406216101 28,788 700 X 0 0 700
HARCOURT GEN INC COMMON 41163G101 663,236 17,805 X 0 0 17,805
HASBRO INC COMMON 418056107 33,234,508 1,991,581 X 0 0 1,991,581
HEARTLAND EXPRESS INC COMMON 422347104 40,539 2,886 X 0 0 2,886
HEINEKEN NV UNSPONS
ADR COMMON 423012202 4,943,147 92,499 X 0 0 92,499
HEINZ H J COMPANY COMMON 423074103 29,644 850 X 0 0 850
HERSHEY FOODS CORP COMMON 427866108 107,738 2,210 X 0 0 2,210
HEWLETT PACKARD CO COMMON 428236103 106,050 800 X 0 0 800
HILLENBRAND INDS INC COMMON 431573104 3,747,684 110,226 X 0 0 110,226
HITACHI LTD ADR COMMON 433578507 12,188 100 X 0 0 100
HOLLINGER INTL INC
CL A COMMON 435569108 2,903,693 270,111 X 0 0 270,111
HOME DEPOT INC COMMON 437076102 2,619,474 40,612 X 0 0 40,612
HOMEFED CORP COMMON 43739D208 8,060 12,593 X 0 0 12,593
HORMEL FOODS CORP COMMON 440452100 3,862,155 234,960 X 0 0 234,960
HOUSEHOLD INTL CORP COMMON 441815107 17,634,298 472,611 X 0 0 472,611
HUTTIG BLDG PRODS INC COMMON 448451104 109,193 24,265 X 0 0 24,265
ILLINOIS TOOL WORKS
INC COMMON 452308109 35,912 650 X 0 0 650
INDYMAC MTG HLDGS INC COMMON 456607100 22,406 1,500 X 0 0 1,500
INTEL CORP COMMON 458140100 3,339,206 25,309 X 0 0 25,309
INTERIM SVCS INC COMMON 45868P100 5,834,862 314,336 X 0 0 314,336
I B M COMMON 459200101 1,657,192 14,044 X 0 0 14,044
INT'L MULTIFOODS CRP COMMON 460043102 234,062 17,500 X 0 0 17,500
INTERNAT'L SPEEDWAY
CL B COMMON 460335300 15,695,820 348,796 X 0 0 348,796
INTERPUBLIC GROUP
COS INC COMMON 460690100 2,123,935 44,951 X 0 0 44,951
IRVINE SENSORS CORP COMMON 463664102 57,750 5,500 X 0 0 5,500
JEFFERSON PILOT CORP COMMON 475070108 44,930 675 X 0 0 675
JOHNSON & JOHNSON COMMON 478160104 2,051,300 29,200 X 0 0 29,200
JOSTENS INC COMMON 481088102 248,625 10,200 X 0 0 10,200
KELLOGG CO COMMON 487836108 30,385 1,180 X 0 0 1,180
KEYSTONE FINL INC COMMON 493482103 332,018 18,069 X 0 0 18,069
KIMBALL INTL INC CL B COMMON 494274103 46,200 4,200 X 0 0 4,200
KIMBERLY CLARK CORP COMMON 494368103 417,217 7,442 X 0 0 7,442
9
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KNIGHT RIDDER COMMON 499040103 51,250 1,000 X 0 0 1,000
LG&E ENERGY CORP COMMON 501917108 16,562 724 X 0 0 724
LANDSTAR SYS INC COMMON 515098101 273,750 5,000 X 0 0 5,000
LEE ENTERPRISES INC COMMON 523768109 1,007,354 38,559 X 0 0 38,559
LEGGETT & PLATT INC COMMON 524660107 258,000 12,000 X 0 0 12,000
LEUCADIA NATL CORP COMMON 527288104 903,973 38,062 X 0 0 38,062
LEVEL 3 COMMUNICATIONS
INC COMMON 52729N100 10,575 100 X 0 0 100
LEXINGTON CORP
PPTYS TR COMMON 529043101 594,500 58,000 X 0 0 58,000
LILLY, ELI AND COMPANY COMMON 532457108 229,458 3,664 X 0 0 3,664
LIQUI BOX CORP COMMON 536314107 71,437 1,500 X 0 0 1,500
LOCKHEED MARTIN CORP COMMON 539830109 942,475 46,115 X 0 0 46,115
LOEWS CORP COMMON 540424108 20,000 400 X 0 0 400
LONGLEAF PARTNERS FUND MUTUAL 543069108 19,167 989 X 0 0 989
LUCENT TECHNOLOGIES
INC COMMON 549463107 28,024 452 X 0 0 452
M & T BK CORP COMMON 55261F104 22,325 50 X 0 0 50
MGI PHARMA INC COMMON 552880106 649,031 16,100 X 0 0 16,100
MAINSTAY FD HI YLD CP
BD B MUTUAL 56062F400 5,926 814 X 0 0 814
MANPOWER INC WIS COMMON 56418H100 1,040,150 29,300 X 0 0 29,300
MARKEL CORP COMMON 570535104 87,300 600 X 0 0 600
MARSHALL & ILSLEY CORP COMMON 571834100 43,312 750 X 0 0 750
MARTIN MARIETTA
MTLS INC COMMON 573284106 60,669,042 1,277,243 X 0 0 1,277,243
MASTERS SELECT EQUITY
FUND MUTUAL 576417109 96,406 6,252 X 0 0 6,252
MASTERS SELECT INT'L
FUND MUTUAL 576417208 27,753 1,306 X 0 0 1,306
MATTEL INC COMMON 577081102 196,875 18,750 X 0 0 18,750
MAY DEPT STORES CO COMMON 577778103 186,818 6,555 X 0 0 6,555
MCCLATCHY COMPANY CL A COMMON 579489105 7,985,563 243,834 X 0 0 243,834
MCCORMICK & CO INC COMMON 579780206 501,487 15,550 X 0 0 15,550
MCDONALDS CORP COMMON 580135101 60,548 1,620 X 0 0 1,620
MCKESSON HBOC INC. COMMON 58155Q103 12,600 600 X 0 0 600
MEDIAONE GROUP INC COMMON 58440J104 87,804 1,084 X 0 0 1,084
MELLON FINL CORP COMMON 58551A108 7,275,541 244,556 X 0 0 244,556
MERCK & CO INC COMMON 589331107 1,238,648 19,938 X 0 0 19,938
MERITOR SVGS BK PA COMMON 590007100 4,500 3,000 X 0 0 3,000
MERRILL LYNCH 7.28%
PFD CAP PREFERR 59021K205 8,552 400 X 0 0 400
MICROS SYS INC COMMON 594901100 701,753 11,150 X 0 0 11,150
MICROSOFT CORP COMMON 594918104 6,243,144 58,759 X 0 0 58,759
HERMAN MILLER INC COMMON 600544100 13,970,600 498,950 X 0 0 498,950
MILLICOM INC ESCROW
RTS WARRANT 600813794 0 178,390 X 0 0 178,390
MINNESOTA MNG & MFG CO COMMON 604059105 107,603 1,215 X 0 0 1,215
MOLEX INC CL A COMMON 608554200 207,986 4,687 X 0 0 4,687
MORGAN J P & CO INC COMMON 616880100 9,881 75 X 0 0 75
10
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MORGAN STANLEY DEAN
WITTER COMMON 617446448 79,149,852 955,051 X 0 0 955,051
NATIONAL CITY CORP COMMON 635405103 2,183,362 105,860 X 0 0 105,860
NEIMAN MARCUS GRPS INC
CL B COMMON 640204301 35,118 1,277 X 0 0 1,277
NESTLE REG ADR COMMON 641069406 46,698,190 521,127 X 0 0 521,127
N & B GENESIS FUND MUTUAL 641224100 26,369 1,602 X 0 0 1,602
N & B GUARDIAN FUND MUTUAL 641224209 20,191 1,050 X 0 0 1,050
N & B PARTNERS FUND MUTUAL 641224407 23,945 994 X 0 0 994
N & B FOCUS FUND MUTUAL 641224506 32,105 730 X 0 0 730
NIKE INC CL B COMMON 654106103 59,437 1,500 X 0 0 1,500
NOKIA CORP SPONS ADR COMMON 654902204 666,000 12,000 X 0 0 12,000
NORFOLK SOUTHN CORP COMMON 655844108 24,225 1,700 X 0 0 1,700
NORTHERN TRUST CORP COMMON 665859104 1,313,820 19,446 X 0 0 19,446
NUVEEN PA INVT QUAL
MUN FD COMMON 670972108 23,024 1,630 X 0 0 1,630
OHIO CASUALTY CORP COMMON 677240103 589,553 32,982 X 0 0 32,982
ORACLE CORP COMMON 68389X105 101,481 1,300 X 0 0 1,300
OSHKOSH TRUCK CORP
CL B COMMON 688239201 466 15 X 0 0 15
OWENS CORNING COMMON 69073F103 5,812 300 X 0 0 300
PE CORP CLRA GENOMC COMMON 69332S201 55,275 600 X 0 0 600
PIMCO ADVISORS
HLDGS LP COMMON 69338P102 498,062 13,000 X 0 0 13,000
PIMCO FD MULT MAN/GRTH
CL C MUTUAL 693389496 41,581 1,098 X 0 0 1,098
PIMCO FDS PAC INVT
MGMT SER TO MUTUAL 693390437 189,529 19,029 X 0 0 19,029
PNC BANK CORP COMMON 693475105 2,260,515 50,164 X 0 0 50,164
PNC FINANCIAL CV PFD
CL C CONVERT 693475402 7,450 107 X 0 0 107
PPL CORP COMMON 69351T106 20,937 1,000 X 0 0 1,000
PAINE WEBBER INC COMMON 695629105 33,000 750 X 0 0 750
PENNROCK FINAN'L SVCS
CORP COMMON 708352109 16,868 1,071 X 0 0 1,071
PEPSICO INC COMMON 713448108 133,223 3,820 X 0 0 3,820
PFIZER INC COMMON 717081103 416,593 11,394 X 0 0 11,394
PHILIP MORRIS COS INC COMMON 718154107 28,471,874 1,347,781 X 0 0 1,347,781
PITNEY BOWES INC COMMON 724479100 80,437 1,800 X 0 0 1,800
PLUG PWR INC COMMON 72919P103 6,375 75 X 0 0 75
PONTIAC BANCORP INC COMMON 732490107 3,575 55 X 0 0 55
PRE PAID LEGAL
SVCS INC COMMON 740065107 61,602 2,075 X 0 0 2,075
PROCTER & GAMBLE CO COMMON 742718109 774,163 13,702 X 0 0 13,702
PROGRESSIVE CORP OHIO COMMON 743315103 9,665,718 127,076 X 0 0 127,076
PROTECTIVE LIFE CORP COMMON 743674103 20,320 640 X 0 0 640
PULITZER INC COMMON 745769109 81,750 2,000 X 0 0 2,000
PUTNAM GLOBAL GRWTH FD
CL B MUTUAL 746772201 34,262 1,857 X 0 0 1,857
QUAKER OATS CO COMMON 747402105 3,574,086 58,954 X 0 0 58,954
QUALCOMM INC COMMON 747525103 7,466 50 X 0 0 50
11
<PAGE>
QUILMES INDL QUINSA
SOC ADR COMMON 74838Y108 10,500 1,000 X 0 0 1,000
RCN CORP COMMON 749361101 344,800 6,400 X 0 0 6,400
RED HAT INC COMMON 756577102 8,475 200 X 0 0 200
RELIANT ENERGY INC COMMON 75952J108 190,856 8,100 X 0 0 8,100
REPTRON ELECTRONICS
INC COMMON 76026W109 49,219 4,500 X 0 0 4,500
REYNOLDS METALS CO COMMON 761763101 2,342,765 35,032 X 0 0 35,032
RITE AID CORP COMMON 767754104 154,687 27,500 X 0 0 27,500
ROTHMANS INC COMMON 77869J106 8,252,790 872,388 X 0 0 872,388
ROYAL DUTCH PETRO-NY
SHRS COMMON 780257804 119,614 2,069 X 0 0 2,069
SBC COMMUNICATIONS,
INC COMMON 78387G103 1,287,172 30,556 X 0 0 30,556
INTERMEDIATE GOVT
TRUST MUTUAL 783965742 787 81 X 0 0 81
ST PAUL COS INC COMMON 792860108 77,873 2,282 X 0 0 2,282
S/B SMALL CAP GROWTH
FUND B MUTUAL 795479807 67,209 3,703 X 0 0 3,703
SARA LEE CORP COMMON 803111103 399,312 22,184 X 0 0 22,184
SCHERING PLOUGH CORP COMMON 806605101 955,969 25,750 X 0 0 25,750
SCHLUMBERGER COMMON 806857108 332,775 4,350 X 0 0 4,350
SCHULMAN A INC COMMON 808194104 604,452 45,619 X 0 0 45,619
SCHWEITZER-MAUDUIT
INTL COMMON 808541106 11,887,816 918,865 X 0 0 918,865
E W SCRIPPS CO CL A COMMON 811054204 49,238,315 1,015,223 X 0 0 1,015,223
SEALED AIR CORP NEW COMMON 81211K100 40,734 750 X 0 0 750
SENECA FOODS CORP CL B COMMON 817070105 50,625 4,500 X 0 0 4,500
SENECA FOODS CORP CL A COMMON 817070501 76,669 6,815 X 0 0 6,815
SEQUA CORP $5 CM CV
PFD CONVERT 817320302 29,600 400 X 0 0 400
SERVICEMASTER COMPANY COMMON 81760N109 428,501 38,089 X 0 0 38,089
SHAW INDS INC COMMON 820286102 379,687 25,000 X 0 0 25,000
SHELL TRANS & TRAD PLC
NY COMMON 822703609 4,906 100 X 0 0 100
SHERWIN WILLIAMS CO COMMON 824348106 66,375 3,000 X 0 0 3,000
S/B AGGRES GRWTH B/I
CL B MUTUAL 8318H2204 16,079 173 X 0 0 173
S/B APPREC FD CL B SHS MUTUAL 8318H5207 8,586 541 X 0 0 541
S/B INV FDS GOV SEC
FD B MUTUAL 8318H9100 19,922 2,182 X 0 0 2,182
SMITHKLINE BEECHAM-SP
ADR COMMON 832378301 264,250 4,000 X 0 0 4,000
SMUCKER J M CO CL B
NON VTG COMMON 832696207 65,838 4,600 X 0 0 4,600
SOUTHERN UNION CO COMMON 844030106 87,748 4,858 X 0 0 4,858
SOVEREIGN BANCORP INC COMMON 845905108 13,718 1,814 X 0 0 1,814
STARBUCKS CORP COMMON 855244109 44,813 1,000 X 0 0 1,000
STARRETT L S CO CL A COMMON 855668109 4,700 200 X 0 0 200
STERLING FINL CORP COMMON 859317109 61,109 3,281 X 0 0 3,281
STRIDE RITE CORP COMMON 863314100 104,813 13,000 X 0 0 13,000
12
<PAGE>
STURM RUGER & CO INC COMMON 864159108 66,500 7,600 X 0 0 7,600
SUIZA FOODS CORP COMMON 865077101 51,319 1,275 X 0 0 1,275
SUMMIT BANCORP COMMON 866005101 28,534 1,087 X 0 0 1,087
SUSQUEHANNA BANCSHRS
INC COMMON 869099101 102,696 7,435 X 0 0 7,435
SYSCO CORPORATION COMMON 871829107 18,063 500 X 0 0 500
TEMPLETON GLOBAL
INCOME FD COMMON 880198106 4,212 702 X 0 0 702
TEXACO INC COMMON 881694103 316,695 5,892 X 0 0 5,892
TIME WARNER INC COMMON 887315109 1,148,400 11,484 X 0 0 11,484
TOKHEIM CORP COMMON 889073102 637 200 X 0 0 200
TOOTSIE ROLL INDS INC COMMON 890516107 39,091 1,241 X 0 0 1,241
TORCHMARK CORP COMMON 891027104 225,469 9,750 X 0 0 9,750
TOYS R US INC COMMON 892335100 28,040 1,893 X 0 0 1,893
TRENWICK GROUP INC COMMON 895290104 5,819 412 X 0 0 412
TRIBUNE CO COMMON 896047107 7,312 200 X 0 0 200
TYCO INTL LTD COMMON 902124106 2,907 58 X 0 0 58
UST INC COMMON 902911106 40,625 2,600 X 0 0 2,600
U S GLOBAL INVS INC
CL A PREFERR 902952100 6,500 4,000 X 0 0 4,000
US BANCORP COMMON 902973106 7,437 340 X 0 0 340
UNB CORP PA COMMON 903057107 18,900 105 X 0 0 105
UNIFI INC COMMON 904677101 868,618 97,188 X 0 0 97,188
UNION PAC CORP COMMON 907818108 19,563 500 X 0 0 500
UNION PAC RES GROUP
INC COMMON 907834105 30,450 2,100 X 0 0 2,100
UNISYS CORP COMMON 909214108 10,275 400 X 0 0 400
UNITED PARCEL SVC INC
CL B COMMON 911312106 12,598 200 X 0 0 200
U S WEST INC COMMON 91273H101 5,883 81 X 0 0 81
UNIVERSAL CORP VA COMMON 913456109 1,721,629 114,299 X 0 0 114,299
UNUMPROVIDENT CORP COMMON 91529Y106 60,975 3,600 X 0 0 3,600
V F CORP COMMON 918204108 1,048,114 43,558 X 0 0 43,558
VANG STAR FD SH BEN
INT MUTUAL 921909107 253,677 14,164 X 0 0 14,164
VANG EQUITY INC FD MUTUAL 921921102 114,665 5,058 X 0 0 5,058
VANG/WELLINGTON FD INC MUTUAL 921935102 7,480 274 X 0 0 274
VANGUARD HORIZON FD
INC CAP OP MUTUAL 922038302 986,493 31,377 X 0 0 31,377
VANG PA INS TX-FR BEN
INT MUTUAL 92204L104 262,644 24,432 X 0 0 24,432
VECTRON CORP COM COMMON 92240G101 288,795 14,810 X 0 0 14,810
VANG MUNI BOND FD
INTER MUTUAL 922907209 131,610 10,250 X 0 0 10,250
VANG MUNI BOND FD LONG MUTUAL 922907308 122,085 11,605 X 0 0 11,605
VANG INDEX TR 500 MUTUAL 922908108 123,582 895 X 0 0 895
VODAFONE GROUP PLC ADR COMMON 92857T107 13,891 250 X 0 0 250
VORNADO OPER CO COMMON 92904N103 14,094 1,100 X 0 0 1,100
VORNADO RLTY TR COMMON 929042109 737,000 22,000 X 0 0 22,000
VULCAN MATERIALS CO COMMON 929160109 2,741,878 59,850 X 0 0 59,850
13
<PAGE>
WPP GROUP PLC ADR
SPONSORED COMMON 929309300 1,127,750 13,000 X 0 0 13,000
WACHOVIA CORP COMMON 929771103 4,038,954 59,781 X 0 0 59,781
WAL MART STORES INC COMMON 931142103 462,961 8,194 X 0 0 8,194
WALGREEN COMPANY COMMON 931422109 247,200 9,600 X 0 0 9,600
WALLACE COMPUTER
SERVICES COMMON 932270101 6,606,779 559,304 X 0 0 559,304
WARNER LAMBERT CO COMMON 934488107 1,046,429 10,712 X 0 0 10,712
WASHINGTON POST CO
CL B COMMON 939640108 44,685,518 82,598 X 0 0 82,598
WELLS FARGO NEW COMMON 949746101 48,976,202 1,201,870 X 0 0 1,201,870
WESCO FINL CORP COMMON 950817106 3,618,450 14,190 X 0 0 14,190
WEYERHAEUSER CO COMMON 962166104 256,500 4,500 X 0 0 4,500
WRIGLEY WM JR CO COMMON 982526105 63,370 825 X 0 0 825
XEROX CORP COMMON 984121103 7,800 300 X 0 0 300
YAHOO INC COMMON 984332106 5,141 30 X 0 0 30
</TABLE>
14
70655001.AA4
