UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington DC 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment: [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Inverness Counsel Inc.
Address: 545 Madison Avenue
9th Floor
New York NY 10022
Form 13F File Number: 01-40161
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: Robert B. Deans III
Title: Executive Vice President
Phone: (212) 207-2130
Signature, Place, and Date of Signing:
Robert B. Deans III New York, NY 8/31/99
- ------------------------------ -------------------- --------
Signature City, State Date
Report Type:
[X] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 257
Form 13F Information Table Value Total: $1,159,172
List of Other Included Managers:
NONE
<PAGE>
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------------------------- -------- --------- -------- ---------------------- -------- ------------ --------------------------
TITLE CUSIP VALUE SHARES / SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS NUMBER (x$1000) PRINCIPAL AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- -------------------------------- -------- --------- -------- ------------- --- ---- -------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AT&T CORP COMMON 00195710 7664 137308 SH SOLE 137308
AT&T CORP COMMON 00195710 580 10400 SH OTHER 10400
AT&T LIBERTY MEDIA GROUP CL-A COMMON 00195720 2878 78304 SH SOLE 78304
AT&T LIBERTY MEDIA GROUP CL-A COMMON 00195720 37 1000 SH OTHER 1000
ABBOTT LABORATORIES COMMON 00282410 13145 289700 SH SOLE 289700
ABBOTT LABORATORIES COMMON 00282410 18 400 SH OTHER 400
AIR PRODUCTS & CHEMICAL COMMON 00915810 270 6700 SH SOLE 6700
ALBERTSONS INC COMMON 01310410 934 18117 SH SOLE 18117
ALBERTSONS INC COMMON 01310410 232 4500 SH OTHER 4500
ALCOA INC COMMON 01381710 2999 48461 SH SOLE 48461
ALCOA INC COMMON 01381710 124 2000 SH OTHER 2000
ALLIED SIGNAL INC COMMON 01951210 4897 77734 SH SOLE 77734
ALLIED SIGNAL INC COMMON 01951210 50 798 SH OTHER 798
ALLSTATE CORP COMMON 02000210 70 1948 SH SOLE 1948
ALLSTATE CORP COMMON 02000210 145 4032 SH OTHER 4032
ALZA CORP CLASS A COMMON 02261510 10 200 SH SOLE 200
ALZA CORP CLASS A COMMON 02261510 407 8000 SH OTHER 8000
AMERICA ONLINE COMMON 02364J10 1930 17545 SH SOLE 17545
AMERICA ONLINE COMMON 02364J10 132 1200 SH OTHER 1200
AMERICAN EXPRESS CO COMMON 02581610 4743 36449 SH SOLE 36449
AMERICAN EXPRESS CO COMMON 02581610 61 470 SH OTHER 470
AMERICAN HOME PRODUCTS COMMON 02660910 1305 22748 SH SOLE 22748
AMERICAN HOME PRODUCTS COMMON 02660910 344 6000 SH OTHER 6000
AMERICAN INTL GROUP INC COMMON 02687410 19761 168538 SH SOLE 168538
AMERICAN INTL GROUP INC COMMON 02687410 246 2100 SH OTHER 2100
ANADARKO PETROLEUM COMMON 03251110 383 10400 SH SOLE 10400
A O N CORP COMMON 03738910 21966 532520 SH SOLE 532520
APPLIED MATERIALS COMMON 03822210 207 2800 SH SOLE 2800
AT HOME CORP SERIES A COMMON 04591910 1505 27894 SH SOLE 27894
AT HOME CORP SERIES A COMMON 04591910 54 1000 SH OTHER 1000
ATLANTIC RICHFIELD COMMON 04882510 228 2726 SH SOLE 2726
AUTOMATIC DATA PROCESSING COMMON 05301510 1296 29464 SH SOLE 29464
AVERY DENNISON CORP COMMON 05361110 442 7325 SH SOLE 7325
AVON PRODUCTS COMMON 05430310 222 4000 SH SOLE 4000
BP AMOCO PLC COMMON 05562210 437 4024 SH SOLE 4024
BANK OF AMERICA CORP COMMON 06050510 16586 226236 SH SOLE 226236
BANK OF AMERICA CORP COMMON 06050510 1276 17400 SH OTHER 17400
BANK ONE CORP COMMON 06423A10 1173 19693 SH SOLE 19693
BANK ONE CORP COMMON 06423A10 1563 26245 SH OTHER 26245
BEAR STEARNS CO COMMON 07390210 515 11013 SH SOLE 11013
BELL ATLANTIC CORP COMMON 07785310 381 5834 SH SOLE 5834
BELLSOUTH CORP COMMON 07986010 1317 28548 SH SOLE 28548
BELLSOUTH CORP COMMON 07986010 258 5600 SH OTHER 5600
BERKSHIRE HATHAWAY "B" COMMON 08467020 1019 455 SH SOLE 455
BERKSHIRE HATHAWAY "B" COMMON 08467020 2038 910 SH OTHER 910
BESTFOODS COMMON 08658U10 13208 266825 SH SOLE 266825
BESTFOODS COMMON 08658U10 495 10000 SH OTHER 10000
BEYOND.COM COMMON 08860E10 459 15984 SH SOLE 15984
BOEING CO COMMON 09702310 12624 286898 SH SOLE 286898
BOEING CO COMMON 09702310 50 1146 SH OTHER 1146
BRISTOL MYERS SQUIBB COMMON 11012210 18478 262333 SH SOLE 262333
BRISTOL MYERS SQUIBB COMMON 11012210 857 12170 SH OTHER 12170
CAMPBELL SOUP COMMON 13442910 774 16700 SH SOLE 16700
CAMPBELL SOUP COMMON 13442910 19 400 SH OTHER 400
CARLISLE COS INC COMMON 14233910 24175 502330 SH SOLE 502330
CARLISLE COS INC COMMON 14233910 40961 851128 SH OTHER 851128
CARPENTER TECHNOLOGY COMMON 14428510 6 200 SH SOLE 200
CARPENTER TECHNOLOGY COMMON 14428510 343 12000 SH OTHER 12000
CHASE MANHATTAN COMMON 16161A10 375 4338 SH SOLE 4338
CHASE MANHATTAN COMMON 16161A10 99 1146 SH OTHER 1146
CHEVRON CORP COMMON 16675110 4491 47241 SH SOLE 47241
CHEVRON CORP COMMON 16675110 53 559 SH OTHER 559
CISCO SYSTEMS INC COMMON 17275R10 23007 357038 SH SOLE 357038
CISCO SYSTEMS INC COMMON 17275R10 573 8900 SH OTHER 8900
CITIGROUP INC COMMON 17296710 5211 109704 SH SOLE 109704
CITIGROUP INC COMMON 17296710 217 4577 SH OTHER 4577
CLOSURE MEDICAL CORP COMMON 18909310 2765 92150 SH SOLE 92150
CLOSURE MEDICAL CORP COMMON 18909310 300 10000 SH OTHER 10000
COASTAL CORP COMMON 19044110 511 12700 SH SOLE 12700
COCA-COLA CO COMMON 19121610 4698 75773 SH SOLE 75773
COCA-COLA CO COMMON 19121610 1722 27775 SH OTHER 27775
COMPAQ COMPUTER COMMON 20449310 253 10664 SH SOLE 10664
COMPUTER ASSOCIATES COMMON 20491210 129 2356 SH SOLE 2356
COMPUTER ASSOCIATES COMMON 20491210 98 1782 SH OTHER 1782
CONSOLIDATED EDISON CO. COMMON 20911510 245 5413 SH SOLE 5413
CORNING INC COMMON 21935010 238 3400 SH SOLE 3400
COX COMMUNICATIONS COMMON 22404410 221 6000 SH SOLE 6000
DII GROUP INC COMMON 23294910 113 3040 SH SOLE 3040
DII GROUP INC COMMON 23294910 2115 56686 SH OTHER 56686
DAYTON HUDSON COMMON 23975310 1056 16250 SH SOLE 16250
DAYTON HUDSON COMMON 23975310 33 500 SH OTHER 500
DELL COMPUTER COMMON 24702510 410 11085 SH SOLE 11085
DELL COMPUTER COMMON 24702510 44 1200 SH OTHER 1200
DELPHI AUTOMOTIVE SYS COMMON 24712610 551 29765 SH SOLE 29765
DELPHI AUTOMOTIVE SYS COMMON 24712610 162 8778 SH OTHER 8778
WALT DISNEY CO COMMON 25468710 13412 435270 SH SOLE 435270
WALT DISNEY CO COMMON 25468710 276 8957 SH OTHER 8957
DONNELLEY R R & SONS COMMON 25786710 426 11482 SH SOLE 11482
DOVER CORP COMMON 26000310 21169 604836 SH SOLE 604836
DOVER CORP COMMON 26000310 75761 2164595 SH OTHER 2164595
DOW CHEMICAL COMMON 26054310 121 955 SH SOLE 955
DOW CHEMICAL COMMON 26054310 776 6120 SH OTHER 6120
DOWNEY FINANCIAL CORP COMMON 26101810 291 13245 SH SOLE 13245
E I DUPONT DE NEMOURS & CO COMMON 26353410 18980 277846 SH SOLE 277846
E I DUPONT DE NEMOURS & CO COMMON 26353410 1687 24702 SH OTHER 24702
DUKE ENERGY CORP COMMON 26439910 326 5996 SH SOLE 5996
DUKE ENERGY CORP COMMON 26439910 126 2306 SH OTHER 2306
EMC CORPORATION COMMON 26864810 18979 345077 SH SOLE 345077
EMC CORPORATION COMMON 26864810 2398 43600 SH OTHER 43600
EASTMAN KODAK CO COMMON 27746110 789 11641 SH SOLE 11641
ELECTRONIC ARTS COMMON 28551210 1096 20200 SH SOLE 20200
EMERSON ELECTRIC COMMON 29101110 2562 40700 SH SOLE 40700
ENRON CORP COMMON 29356110 531 6500 SH SOLE 6500
G EQUANT NV COMMON 29440910 473 5000 SH SOLE 5000
ERICSSON LM TELEPHONE "B" ADR COMMON 29482140 395 12000 SH SOLE 12000
EXXON CORP COMMON 30229010 14942 193733 SH SOLE 193733
EXXON CORP COMMON 30229010 2149 27864 SH OTHER 27864
FEDERATED DEPARTMENT STORES COMMON 31410H10 201 3800 SH SOLE 3800
FORD MOTOR COMPANY COMMON 34537010 235 4158 SH SOLE 4158
FORD MOTOR COMPANY COMMON 34537010 424 7506 SH OTHER 7506
FREQUENCY ELECTRONICS COMMON 35801010 7333 875559 SH SOLE 875559
FREQUENCY ELECTRONICS COMMON 35801010 877 104750 SH OTHER 104750
GPU INC. COMMON 36225X10 405 9600 SH SOLE 9600
GPU INC. COMMON 36225X10 63 1500 SH OTHER 1500
GTE CORP COMMON 36232010 1159 15349 SH SOLE 15349
GALILEO INTERNATIONAL COMMON 36354710 214 4000 SH SOLE 4000
GENERAL ELECTRIC CO COMMON 36960410 38381 339654 SH SOLE 339654
GENERAL ELECTRIC CO COMMON 36960410 3615 31989 SH OTHER 31989
GENERAL MOTORS CORP COMMON 37044210 3781 57291 SH SOLE 57291
GENERAL MOTORS CORP COMMON 37044210 874 13247 SH OTHER 13247
GENRAD INC COMMON 37244710 537 25100 SH SOLE 25100
GENRAD INC COMMON 37244710 26 1200 SH OTHER 1200
GENZYME CORP COMMON 37291710 340 7000 SH SOLE 7000
GILLETTE CO COMMON 37576610 593 14460 SH SOLE 14460
HALLIBURTON COMMON 40621610 3919 86600 SH SOLE 86600
HAWAIIAN ELECTRIC INDUSTRIES COMMON 41987010 206 5800 SH OTHER 5800
HERSHEY FOODS CORP COMMON 42786610 249 4200 SH SOLE 4200
HEWLETT-PACKARD CO COMMON 42823610 14807 147336 SH SOLE 147336
HEWLETT-PACKARD CO COMMON 42823610 60 593 SH OTHER 593
HISPANIC BROADCASTING CORP COMMON 43357B10 2631 34670 SH SOLE 34670
HOME DEPOT COMMON 43707610 24535 380753 SH SOLE 380753
HOME DEPOT COMMON 43707610 13 200 SH OTHER 200
IMS HEALTH INC. COMMON 44993410 269 8600 SH SOLE 8600
IXL ENTERPRISES COMMON 45071810 403 15000 SH SOLE 15000
INDEPENDENT COMMUNITY BANKSHARES COMMON 45384Q10 921 38360 SH SOLE 38360
INSURANCE MGMT SOLUTIONS GROUP COMMON 45804510 85 10000 SH SOLE 10000
INTEL CORP COMMON 45814010 25523 428957 SH SOLE 428957
INTEL CORP COMMON 45814010 1559 26200 SH OTHER 26200
INT'L BUSINESS MACHINES CORP COMMON 45920010 26677 206402 SH SOLE 206402
INT'L BUSINESS MACHINES CORP COMMON 45920010 204 1580 SH OTHER 1580
INTERNATIONAL PAPER CO COMMON 46014610 270 5368 SH SOLE 5368
JOHNSON & JOHNSON COMMON 47816010 25957 264865 SH SOLE 264865
JOHNSON & JOHNSON COMMON 47816010 211 2149 SH OTHER 2149
K L A TENCOR CORP COMMON 48248010 4815 74225 SH SOLE 74225
K L A TENCOR CORP COMMON 48248010 143 2200 SH OTHER 2200
K C HOLDING CO COMMON 4869901C 0 145772 SH SOLE 145772
KINDER MORGAN ENERGY COMMON 49455010 1721 46500 SH SOLE 46500
LE RICHES STORES LTD COMMON 50419990 115 14400 SH SOLE 14400
LIGHTPATH TECHNOLOGIES INC COMMON 53225710 73 37100 SH SOLE 37100
LILLY, ELI COMMON 53245710 498 6959 SH SOLE 6959
LUCENT TECHNOLOGIES INC COMMON 54946310 22303 330715 SH SOLE 330715
LUCENT TECHNOLOGIES INC COMMON 54946310 651 9656 SH OTHER 9656
MCI WORLDCOM COMMON 55268B10 7159 83179 SH SOLE 83179
MCI WORLDCOM COMMON 55268B10 301 3500 SH OTHER 3500
MAHONING NATIONAL BANCORP INC. COMMON 56009010 263 6000 SH SOLE 6000
MAY DEPT STORES COMMON 57777810 577 14124 SH SOLE 14124
McDONALD'S CORP COMMON 58013510 5716 138996 SH SOLE 138996
McDONALD'S CORP COMMON 58013510 47 1151 SH OTHER 1151
MEDIAONE GROUP COMMON 58440J10 177 2378 SH SOLE 2378
MEDIAONE GROUP COMMON 58440J10 119 1600 SH OTHER 1600
MELLON BANK CORP COMMON 58550910 233 6400 SH SOLE 6400
MERCK & CO INC COMMON 58933110 25403 345034 SH SOLE 345034
MERCK & CO INC COMMON 58933110 3523 47856 SH OTHER 47856
MEREDITH CORP COMMON 58943310 12181 351800 SH SOLE 351800
MEREDITH CORP COMMON 58943310 48 1400 SH OTHER 1400
MICROSOFT CORP COMMON 59491810 8840 98020 SH SOLE 98020
MICROSOFT CORP COMMON 59491810 956 10600 SH OTHER 10600
MIDCOAST ENERGY RES INC COMMON 59563W10 177 11000 SH SOLE 11000
MINNESOTA MINING & MFG CO COMMON 60405910 4518 51964 SH SOLE 51964
MINNESOTA MINING & MFG CO COMMON 60405910 27 315 SH OTHER 315
MOBIL CORP COMMON 60705910 14920 151092 SH SOLE 151092
MOBIL CORP COMMON 60705910 420 4254 SH OTHER 4254
MONSANTO CO INC COMMON 61166210 6533 165140 SH SOLE 165140
MORGAN, J.P. COMMON 61688010 5761 41001 SH SOLE 41001
MORGAN, J.P. COMMON 61688010 117 834 SH OTHER 834
MOTOROLA INC COMMON 62007610 18923 199720 SH SOLE 199720
MOTOROLA INC COMMON 62007610 95 1000 SH OTHER 1000
NATIONAL CITY CORP COMMON 63540510 1016 15514 SH SOLE 15514
NATIONAL CITY CORP COMMON 63540510 2604 39761 SH OTHER 39761
NETWORKS ASSOCIATES INC COMMON 64093810 2271 154645 SH SOLE 154645
NETWORKS ASSOCIATES INC COMMON 64093810 63 4300 SH OTHER 4300
NESTLE SA SPONSORED A D R COMMON 64106940 369 4100 SH SOLE 4100
NEW GOLDCORE VENTURES LTD COMMON 64454110 2 10000 SH SOLE 10000
NEWS CORP ADR COMMON 65248770 1670 47300 SH SOLE 47300
NUCOR CORP COMMON 67034610 481 10150 SH SOLE 10150
OCTEL COMMUNICATIONS COMMON 67572710 125 10000 SH OTHER 10000
PARAMETIC TECHNOLOGY CORP COMMON 69917310 338 24330 SH SOLE 24330
PEPSI BOTTLING GROUP COMMON 71340910 231 10000 SH SOLE 10000
PEPSICO COMMON 71344810 522 13504 SH SOLE 13504
PFIZER INC COMMON 71708110 13241 121480 SH SOLE 121480
PFIZER INC COMMON 71708110 752 6900 SH OTHER 6900
PHILIP MORRIS CO COMMON 71815410 522 12989 SH SOLE 12989
PIXTECH INC COMMON 72583K10 17 11000 SH SOLE 11000
PLAINS ALL AMER PIPE LTD COMMON 72650310 910 49000 SH OTHER 49000
PLAINS RESOURCES INC COMMON 72654050 190 10000 SH SOLE 10000
PLAINS RESOURCES INC COMMON 72654050 38 2000 SH OTHER 2000
PROCTER & GAMBLE CO COMMON 74271810 38282 428931 SH SOLE 428931
PROCTER & GAMBLE CO COMMON 74271810 2387 26750 SH OTHER 26750
PUBLIC SERVICE ENTERPRISE COMMON 74457310 224 5483 SH SOLE 5483
RAYTHEON CO CLASS B COMMON 75511140 889 12615 SH SOLE 12615
RITE AID COMMON 76775410 7296 296300 SH SOLE 296300
RITE AID COMMON 76775410 101 4100 SH OTHER 4100
ROBERTSON CECO CORP COMMON 77053920 2469 250000 SH SOLE 250000
ROPER INDUSTRIES COMMON 77669610 10412 325378 SH SOLE 325378
ROPER INDUSTRIES COMMON 77669610 55326 1728940 SH OTHER 1728940
ROSLYN BANCORP INC COMMON 77816210 306 17800 SH SOLE 17800
ROYAL DUTCH PETE CO COMMON 78025780 5829 96750 SH SOLE 96750
ROYAL DUTCH PETE CO COMMON 78025780 711 11800 SH OTHER 11800
SBC COMMUNICATIONS INC COMMON 78387G10 2025 34920 SH SOLE 34920
SBC COMMUNICATIONS INC COMMON 78387G10 566 9760 SH OTHER 9760
SI DIAMOND TECHNOLOGY COMMON 78424910 55 40000 SH SOLE 40000
SARA LEE CORP COMMON 80311110 1157 51000 SH SOLE 51000
SCHLUMBERGER LTD COMMON 80685710 477 7484 SH SOLE 7484
SEARS ROEBUCK & CO COMMON 81238710 3543 79502 SH SOLE 79502
SEARS ROEBUCK & CO COMMON 81238710 106 2370 SH OTHER 2370
SONOCO PRODUCTS COMMON 83549510 1491 49791 SH SOLE 49791
SONY CORP COMMON 83569930 3002 27200 SH SOLE 27200
SONY CORP COMMON 83569930 22 200 SH OTHER 200
SOUTHERN CO COMMON 84258710 2418 91242 SH SOLE 91242
SOUTHERN CO COMMON 84258710 16 600 SH OTHER 600
SOUTHTRUST CORP COMMON 84473010 863 22500 SH SOLE 22500
STATE STREET CORP COMMON 85747710 222 2600 SH SOLE 2600
SYSCO CORP COMMON 87182910 2626 88070 SH SOLE 88070
T J X COMPANIES - NEW COMMON 87254010 2437 73150 SH SOLE 73150
T J X COMPANIES - NEW COMMON 87254010 27 800 SH OTHER 800
TELEFONOS DE MEXICO S A CV SER L COMMON 87940378 404 5000 SH OTHER 5000
TEXACO COMMON 88169410 940 15066 SH SOLE 15066
TEXAS INDUSTRIES INC COMMON 88249110 282 7274 SH SOLE 7274
THORATEC LABS CORP COMMON 88517530 214 20154 SH SOLE 20154
TIME WARNER INC COMMON 88731510 165447 2278102 SH SOLE 2278102
TIME WARNER INC COMMON 88731510 1453 20000 SH OTHER 20000
TOOTSIE ROLL IND COMMON 89051610 59 1522 SH SOLE 1522
TOOTSIE ROLL IND COMMON 89051610 251 6491 SH OTHER 6491
UNION CARBIDE COMMON 90558110 567 11640 SH SOLE 11640
UNION PACIFIC COMMON 90781810 105 1800 SH SOLE 1800
UNION PACIFIC COMMON 90781810 506 8680 SH OTHER 8680
UNITED BANKSHARES INC COMMON 90990710 559 21100 SH SOLE 21100
UNITED BANKSHARES INC COMMON 90990710 5 200 SH OTHER 200
U S WEST INC COMMON 91273H10 209 3563 SH SOLE 3563
U S WEST INC COMMON 91273H10 96 1642 SH OTHER 1642
UNITED TECHNOLOGIES CORP COMMON 91301710 4336 60222 SH SOLE 60222
UNITED TECHNOLOGIES CORP COMMON 91301710 59 816 SH OTHER 816
VIACOM INC COMMON 92552410 4015 91000 SH SOLE 91000
VODAFONE AIRTOUCH PUBLIC LTD CO COMMON 92857T10 256 1300 SH SOLE 1300
WACHOVIA CORP COMMON 92977110 734 8582 SH SOLE 8582
WAL-MART STORES INC COMMON 93114210 12201 252868 SH SOLE 252868
WAL-MART STORES INC COMMON 93114210 423 8760 SH OTHER 8760
WALGREEN COMMON 93142210 570 19400 SH SOLE 19400
WALGREEN COMMON 93142210 44 1500 SH OTHER 1500
WARNER-LAMBERT COMMON 93448810 498 7200 SH SOLE 7200
WESTAMERICA BANCORP COMMON 95709010 1332 36500 SH SOLE 36500
WESTAMERICA BANCORP COMMON 95709010 40 1100 SH OTHER 1100
WRIGLEY WM JR CO COMMON 98252610 261 2930 SH SOLE 2930
XEROX COMMON 98412110 353 5970 SH SOLE 5970
XEROX COMMON 98412110 99 1680 SH OTHER 1680
SYMMETRY MEDICAL INC COMMON ~8715410 1268 26410 SH OTHER 26410
TEXAS CAPITAL BANCSHARES COMMON ~8822110 377 30133 SH SOLE 30133
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