SECURITY ASSET MANAGEMENT /NY
13F-HR, 2000-06-05
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					UNITED STATES
	SECURITIES AND EXCHANGE COMMISSION
				   WASHINGTON, D.C. 20549

					       	FORM 13F

			       			FORM 13F COVER PAGE
Rep. for the Calendar Year or Quarter Ended March 31, 2000.

This Amendment Report Check Here (    )

Institutional Investment Manager Filing this Report:

Name:   	Security Asset Management
Address:	527 Madison Avenue, Suite 1450
	       	New York, NY 10022

SEC File #: 28-3662

Filing on behalf of SAM only, no other investment mngrs involved.

Person Signing this Report on Behalf of Reporting Manager:

Name:	 James D. Taliaferro
Title:	President
Phone:	212-644-5444
Signature, Place and Date of Signing:

James D. Taliaferro   New York, New York  May 10, 2000

Report Type 13F Holdings Report

List of Other Managers Reporting for this Manager:

I AM SIGNING THIS REPORT AS REQUIRED BY THE SEA OF 1934.
<PAGE>

					     FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:		0

Form 13F Information Table Entry Total:	176

Form 13F Information Table Value Total:	$1,135,726

List of Other Included Managers:
<PAGE>
<TABLE>                               <C>                                  <C>                             <C>
                                                  Security Asset Management, Inc.
                                                              FORM 13F
                                                           March 31, 2000

                                                                                                         Voting Authority
                                                                                                         ------------------
                                                          Value   Shares/  Sh/ Put/ Invstmt    Other
        Name of Issuer         Tit class  CUSIP     (x$1000) Prn Amt  Prn Call Dscretn   Managers     Sole    Shared   None
------------------------------ ---------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------

Enron Corp $10.50 2nd Cv Pfd   PFD                       201      115 SH       Other                                       115
AT&T Corp                      COM        001957109     8944   158825 SH       Sole                    69740             89085
                                                         468     8302 SH       Other                                      8302
Abbott Labs                    COM        002824100     9255   263020 SH       Sole                      380            262640
                                                        1203    34190 SH       Other                                     34190
Alltel Corp                    COM        020039103       66     1050 SH       Sole                     1050
                                                         155     2455 SH       Other                                      2455
America Online                 COM        02364j104    16932   251074 SH       Sole                   137784            113290
                                                         239     3547 SH       Other                                      3547
American Express               COM        025816109     8111    54461 SH       Sole                    12741             41720
                                                         209     1400 SH       Other                                      1400
American Home Products Corp    COM        026609107    25587   476041 SH       Sole                   151970            324071
                                                        1545    28740 SH       Other                                     28740
American International Group   COM        026874107    32004   292272 SH       Sole                    98010            194262
                                                        2247    20525 SH       Other                                     20525
Amgen Inc                      COM        031162100     2993    48765 SH       Sole                     3260             45505
                                                         651    10600 SH       Other                                     10600
Applied Materials Inc          COM                       226     2400 SH       Sole                                       2400
Atlantic Richfield Co          COM        048825103      461     5418 SH       Sole                     3045              2373
Automatic Data Processing      COM        053015103      177     3665 SH       Sole                     2705               960
                                                          96     2000 SH       Other                                      2000
BP Amoco                       COM        055622104    14197   266610 SH       Sole                     4774            261836
                                                        1319    24769 SH       Other                                     24769
Bank New York Inc              COM        064057102     5869   141200 SH       Sole                    16000            125200
BankAmerica Corp               COM        066050105     3274    62445 SH       Sole                    11445             51000
Bell Atlantic                  COM        077853109      311     5090 SH       Sole                     2400              2690
                                                          38      614 SH       Other                                       614
Bellsouth Corp                 COM                       289     6160 SH       Sole                     1865              4295
Berkshire Hathaway Class B     COM        084670207    11766     6465 SH       Sole                      420              6045
                                                        1009      554 SH       Other                                       554
Biogen Inc                     COM        090597105      370     5290 SH       Sole                     5290
Bristol Myers Squibb Co        COM        110122108    12807   220816 SH       Sole                     7698            213118
                                                         829    14285 SH       Other                                     14285
CBS Corp                       COM        12490K107    18790   331835 SH       Sole                   196205            135630
                                                         322     5690 SH       Other                                      5690
Centurytel Inc Com             COM        156700106      223     6000 SH       Sole                                       6000
Chase Manhattan Corp           COM        16161A108      911    10451 SH       Sole                      271             10180
                                                         248     2850 SH       Other                                      2850
Chevron Corp                   COM        166751107     1544    16700 SH       Sole                                      16700
                                                         282     3053 SH       Other                                      3053
Cisco Systems Inc              COM        17275R102    87541  1132297 SH       Sole                   444924            687373
                                                        4648    60124 SH       Other                                     60124
CitiGroup                      COM        173034109    39854   665619 SH       Sole                   216222            449397
Coca Cola Co                   COM        191216100     6831   145528 SH       Sole                    27960            117568
                                                        1797    38285 SH       Other                                     38285
Colgate Palmolive              COM        194162103      775    13750 SH       Sole                                      13750
                                                         225     4000 SH       Other                                      4000
Comcast Corp                   COM        200300200    14348   330790 SH       Sole                   237700             93090
                                                         275     6332 SH       Other                                      6332
Corning Inc                    COM        219350105      821     4234 SH       Sole                     3584               650
Disney Walt Co Holding Co      COM        254687106    15625   378793 SH       Sole                   176869            201924
                                                          39      942 SH       Other                                       942
Du Pont (EI) De Nemours & Co   COM        263534109     7145   134962 SH       Sole                     8236            126726
                                                          64     1200 SH       Other                                      1200
EMC Corp                       COM        268648102    38083   302246 SH       Sole                   105460            196786
                                                         275     2180 SH       Other                                      2180
Echostar Commntns New Cl A     COM        278762109     2370    30000 SH       Sole                    30000
Eli Lilly & Co                 COM        532457108      418     6674 SH       Sole                     1174              5500
Emerson Electric Co            COM        291011104    10106   190225 SH       Sole                     1315            188910
                                                         201     3775 SH       Other                                      3775
Enron Corp                     COM                        15      200 SH       Sole                      200
                                                         317     4230 SH       Other                                      4230
Ericsson LM Tel Co ADR-Class B COM                     21521   229400 SH       Sole                    15000            214400
Exxon Mobil Corp               COM        302290101     3726    47765 SH       Sole                    12816             34949
                                                        3452    44260 SH       Other                                     44260
Fannie Mae                     COM        313586109    14755   260870 SH       Sole                   177680             83190
                                                         475     8400 SH       Other                                      8400
Fifth Third Bancorp            COM        316773100    11861   188270 SH       Sole                                     188270
First Union Corp               COM        337358105     8051   216144 SH       Sole                     2349            213795
                                                         350     9400 SH       Other                                      9400
Fleet Finl Group Inc New       COM        33901A108     1608    44058 SH       Sole                     5921             38137
GTE Corp                       COM        362320103     2967    41790 SH       Sole                    10540             31250
                                                         480     6765 SH       Other                                      6765
General Electric Co            COM        369604103    52084   334677 SH       Sole                   109034            225643
                                                        4428    28456 SH       Other                                     28456
General Motors Corp            COM        370442105      768     9280 SH       Sole                      350              8930
Gillette Co                    COM        375766102     4916   130445 SH       Sole                    16500            113945
                                                          41     1084 SH       Other                                      1084
Halliburton Inc                COM        406216101      794    19310 SH       Sole                     7275             12035
Hercules Inc Com               COM        427056106      580    36000 SH       Sole                                      36000
Hewlett Packard Co             COM        428236103    21442   161371 SH       Sole                      100            161271
Home Depot Inc                 COM        437076102    18282   283447 SH       Sole                   222200             61247
                                                         435     6750 SH       Other                                      6750
I2 Technologies Inc Com        COM        465754109      733     6000 SH       Sole                                       6000
Infinity Broadcasting Corporat COM        45662s102    20064   619738 SH       Sole                   431087            188651
                                                         404    12490 SH       Other                                     12490
Intel Corp                     COM        458140100    62422   473120 SH       Sole                   156805            316315
                                                        2681    20322 SH       Other                                     20322
International Business Machine COM        459200101     7411    62607 SH       Sole                    21121             41486
                                                        1791    15133 SH       Other                                     15133
Investors Financial Services   COM        461915100      622    10558 SH       Sole                                      10558
JDS Uniphase Corporation       COM        46612J101      731     6060 SH       Sole                     6060
Johnson & Johnson              COM        478160104    14336   204072 SH       Sole                    36791            167281
                                                         248     3532 SH       Other                                      3532
Level 3 Communications         COM                       317     3000 SH       Sole                     3000
Liberty Media Group            COM        001957208    43943   740875 SH       Sole                   353285            387590
                                                         322     5430 SH       Other                                      5430
Littelfuse Inc Com             COM        537008104      220     6000 SH       Sole                                       6000
Loral Space & Communications   COM        G56462107     1642   161185 SH       Sole                   104320             56865
                                                          84     8265 SH       Other                                      8265
Lucent Technologies            COM        549463107    14175   231422 SH       Sole                     6522            224900
                                                         671    10948 SH       Other                                     10948
MBNA Corp                      COM        55262L100    15089   591711 SH       Sole                   428630            163081
                                                         239     9364 SH       Other                                      9364
MCI Worldcom Inc               COM        98155K102    24452   539626 SH       Sole                   258306            281320
                                                         324     7152 SH       Other                                      7152
Marsh & McLennan Cos Inc       COM        571748102     1491    13520 SH       Sole                    13040               480
McDonalds Corp                 COM        580135101      250     6676 SH       Sole                     5596              1080
Mediaone Group Inc             COM        58440J104    24368   300844 SH       Sole                   237199             63645
                                                         174     2145 SH       Other                                      2145
Medtronic Inc                  COM        585055106    24349   473378 SH       Sole                    26540            446838
                                                         165     3200 SH       Other                                      3200
Mellon Financial               COM        585509102      491    16508 SH       Sole                    16508                 0
                                                         507    17028 SH       Other                                     17028
Merck & Co Inc                 COM        589331107    16879   271691 SH       Sole                    22028            249663
                                                        1834    29520 SH       Other                                     29520
Microsoft Corp                 COM        594918104    47660   448569 SH       Sole                   180996            267573
                                                         820     7720 SH       Other                                      7720
Minnesota Mng & Mfg Co         COM        604059105      138     1560 SH       Sole                                       1560
                                                         204     2300 SH       Other                                      2300
Morgan J P & Co Inc            COM        616880100    13502   102485 SH       Sole                     2875             99610
                                                        1657    12575 SH       Other                                     12575
Morgan Stanley, Dean Witter, D COM        617446448    35655   430227 SH       Sole                    46504            383723
                                                        2563    30928 SH       Other                                     30928
Motorola Inc                   COM        620076109      600     4107 SH       Sole                     1005              3102
                                                         409     2800 SH       Other                                      2800
Nokia Corp Sponsored ADR Com   COM        654902204    14259    64228 SH       Sole                    49014             15214
                                                         226     1020 SH       Other                                      1020
PE Biosystems Group            COM        69332S102    17155   177771 SH       Sole                   138826             38945
                                                         768     7960 SH       Other                                      7960
PE Celera Genomics Group       COM        69332S201      230     2502 SH       Sole                     2502
                                                         120     1300 SH       Other                                      1300
Pepsico Inc                    COM        713448108     1599    45854 SH       Sole                    14800             31054
                                                          21      600 SH       Other                                       600
Pfizer Inc                     COM        717081103     2948    80627 SH       Sole                    29627             51000
Pharmacia & Upjohn Inc.        COM        716941109      233     3915 SH       Other                                      3915
Philip Morris Cos Inc          COM        718154107      420    19905 SH       Sole                     8280             11625
                                                         177     8365 SH       Other                                      8365
Plantronics Inc New Com        COM        727493108     1305    14000 SH       Sole                    10000              4000
Plum Creek Timber Co Inc. Com  COM        729237107      919    37320 SH       Sole                     2700             34620
                                                         205     8325 SH       Other                                      8325
Procter & Gamble Co            COM        742718109    10095   178676 SH       Sole                    11870            166806
                                                         874    15472 SH       Other                                     15472
Qualcomm Incorporated          COM        747525103     1293     8660 SH       Sole                     5000              3660
Royal Dutch Petroleum Co       COM        780257705    11528   199410 SH       Sole                     5200            194210
                                                         139     2400 SH       Other                                      2400
SBC Communications Inc         COM        845333103     7381   175215 SH       Sole                   127010             48205
Safeway Inc                    COM        786514208      769    17000 SH       Sole                                      17000
Schering-Plough Corp           COM        806605101     1804    48600 SH       Sole                    48600
Schlumberger Ltd               COM        806857108    13593   177690 SH       Sole                   118970             58720
Sprint Corp                    COM        852061100     2315    36600 SH       Sole                                      36600
State Street Corp              COM        857477103      396     4090 SH       Sole                       90              4000
                                                         274     2832 SH       Other                                      2832
Sun Microsystems Inc           COM        866810104    19968   213095 SH       Sole                    39595            173500
Target Corp                    COM        87612E106      314     4200 SH       Other                                      4200
Texaco Inc                     COM        881694103      226     4200 SH       Sole                     4200
Texas Instruments              COM        882508104      200     1250 SH       Sole                                       1250
                                                         512     3200 SH       Other                                      3200
Time Warner Inc                COM        887315109     1027    10270 SH       Sole                     5600              4670
Transocean Offshore            COM        G90078109      222     4328 SH       Sole                       88              4240
Tyco International Ltd         COM        902124106      481     9602 SH       Other                                      9602
U S Bancorp                    COM                      2913   133192 SH       Sole                   133192
US West Inc                    COM        91273H101      109     1502 SH       Sole                     1502
                                                         218     3000 SH       Other                                      3000
United GlobalCom               COM                       375     5000 SH       Sole                     5000
Veritas Software Co            COM        923436109      427     3262 SH       Sole                                       3262
Vodafone Group PLC             COM        928571108     4887    87950 SH       Sole                    22950             65000
Wal Mart Stores Inc            COM        931142103      736    13020 SH       Sole                     9100              3920
Walgreen Co                    COM        931422109      233     9040 SH       Sole                     7280              1760
                                                         137     5328 SH       Other                                      5328
Warner Lambert                 COM        934488107    16264   166491 SH       Sole                    26000            140491
                                                         147     1500 SH       Other                                      1500
Wells Fargo & Co               COM        949740104    16685   409450 SH       Sole                   281710            127740
                                                         134     3300 SH       Other                                      3300
Wilmington Trust Corp          COM        971807102      535    11000 SH       Sole                                      11000
Wrigley (Wm) Jr Co             COM        982526105      334     4345 SH       Sole                      650              3695
REPORT SUMMARY                176 DATA RECORDS             1135726            0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>


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