<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, 1999
Check here if Amendment [ ]; Amendment Number: ____
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Chemical Bank and Trust Company
Company 333 E. Main Street
Address: Midland, MI 48640
Form 13F File Number: 28-4110
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: Bruce M. Groom
Title: Sr. Vice President and Sr. Trust Officer
Phone: (517) 839-5305
Signature, Place, and Date of Signing:
/s/ Bruce M. Groom Midland, Michigan April 30, 1999
[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.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting manager(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).)
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
------------
Form 13F Information Table Entry Total: 184
------------
Form 13F Information Table Value Total: $356,921,049
------------
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and 13F file number(s) of all
institutional investment managers with respect to which this report is
filed, other than the manager filing this report.
NONE.
<PAGE>
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------- -------------- --------- -------- -------------------- ---------- -------- -----------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- --------------------------- -------------- --------- -------- ------- --- ---- ---------- -------- ------- ------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AT & T Corp. Common 00195710-9 4,628,507 56,146 Shares Sole 54,896 1,250
- ---------------------------------------------------------------------------------------------------------------------------------
AT & T Corp. Common 00195710-9 179,218 2,174 Shares Shared 1,274 900
- ---------------------------------------------------------------------------------------------------------------------------------
Abbott Labs Common 00282410-0 1,844,246 36,385 Shares Sole 33,985 2,400
- ---------------------------------------------------------------------------------------------------------------------------------
Abbott Labs Common 00282410-0 324,397 6,400 Shares Shared 6,400
- ---------------------------------------------------------------------------------------------------------------------------------
Air Products & Chemicals, Inc. Common 00915810-6 330,200 10,400 Shares Sole 10,400
- ---------------------------------------------------------------------------------------------------------------------------------
Allstate Corp. Common 02000210-1 1,705,850 43,600 Shares Sole 43,600
- ---------------------------------------------------------------------------------------------------------------------------------
Allstate Corp. Common 02000210-1 216,674 5,538 Shares Shared 4,938 600
- ---------------------------------------------------------------------------------------------------------------------------------
American Express Co. Common 02581610-9 243,452 1,936 Shares Sole 1,936
- ---------------------------------------------------------------------------------------------------------------------------------
American Home Prods Corp. Common 02660910-7 5,226,736 77,290 Shares Sole 75,590 1,700
- ---------------------------------------------------------------------------------------------------------------------------------
American Home Prods Corp. Common 02660910-7 300,255 4,440 Shares Shared 2,700 1,740
- ---------------------------------------------------------------------------------------------------------------------------------
Ameritech Common 03095410-1 4,209,716 63,304 Shares Sole 60,116 3,188
- ---------------------------------------------------------------------------------------------------------------------------------
Ameritech Common 03095410-1 115,178 1,732 Shares Shared 1,732
- ---------------------------------------------------------------------------------------------------------------------------------
Analog Devices Inc. Common 03265410-5 282,150 10,800 Shares Sole 10,800
- ---------------------------------------------------------------------------------------------------------------------------------
Applied Intelligent Systems,
Inc. Common 03799010-8 99,820 24,955 Shares Sole 24,955
- ---------------------------------------------------------------------------------------------------------------------------------
Assoc 1st Cap Corp Cl A Common 04600810-8 681,660 15,148 Shares Sole 15,148
- ---------------------------------------------------------------------------------------------------------------------------------
Assoc 1st Cap Corp Cl A Common 04600810-8 37,620 836 Shares Shared 418 418
- ---------------------------------------------------------------------------------------------------------------------------------
Automatic Data Processing Inc. Common 05301510-3 1,503,225 39,300 Shares Sole 35,900 3,400
- ---------------------------------------------------------------------------------------------------------------------------------
BP Amoco Adr Plc Common 05562210-4 263,057 2,780 Shares Sole 2,780
- ---------------------------------------------------------------------------------------------------------------------------------
BP Amoco Adr Plc Common 05562210-4 112,793 1,192 Shares Shared 864 328
- ---------------------------------------------------------------------------------------------------------------------------------
<PAGE>
Bank New York Inc. Common 06405710-2 445,086 11,376 Shares Sole 11,376
- ---------------------------------------------------------------------------------------------------------------------------------
Bank One Corp. Common 06423A10-3 9,524,047 166,907 Shares Sole 166,583 324
- ---------------------------------------------------------------------------------------------------------------------------------
Bank One Corp. Common 06423A10-3 167,990 2,944 Shares Shared 1,944 1,000
- ---------------------------------------------------------------------------------------------------------------------------------
Page 1 of 9
</TABLE>
<PAGE>
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------- -------------- --------- -------- --------------------- ---------- -------- ----------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- --------------------------- -------------- --------- -------- ------- --- ---- ---------- -------- ------- ------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Bankamerica Corp. Common 06605F10-2 205,541 2,787 Shares Sole 2,787
- ---------------------------------------------------------------------------------------------------------------------------------
Baxter Intl Inc. Common 07181310-9 215,205 2,834 Shares Sole 2,834
- ---------------------------------------------------------------------------------------------------------------------------------
Bell Atlantic Corp. Common 07785310-9 3,227,330 58,880 Shares Sole 56,532 2,348
- ---------------------------------------------------------------------------------------------------------------------------------
Bell Atlantic Corp. Common 07785310-9 159,941 2,918 Shares Shared 1,998 920
- ---------------------------------------------------------------------------------------------------------------------------------
BellSouth Corp. Common 07986010-2 2,241,382 47,944 Shares Sole 47,944
- ---------------------------------------------------------------------------------------------------------------------------------
BellSouth Corp. Common 07986010-2 144,597 3,093 Shares Shared 3,093
- ---------------------------------------------------------------------------------------------------------------------------------
Bergen Brunswig Corp. Common 08373910-2 1,185,750 46,500 Shares Sole 46,500
- ---------------------------------------------------------------------------------------------------------------------------------
Bestfoods Inc. Common 08658J10-1 892,560 18,356 Shares Sole 17,956 400
- ---------------------------------------------------------------------------------------------------------------------------------
Biomet Inc. Common 09061310-0 1,245,797 31,000 Shares Sole 31,000
- ---------------------------------------------------------------------------------------------------------------------------------
Biomet Inc. Common 09061310-0 32,149 800 Shares Shared 800
- ---------------------------------------------------------------------------------------------------------------------------------
Boeing Inc. Common 09702310-5 386,551 11,144 Shares Sole 11,144
- ---------------------------------------------------------------------------------------------------------------------------------
Boeing Inc. Common 09702310-5 38,156 1,100 Shares Shared 1,100
- ---------------------------------------------------------------------------------------------------------------------------------
Bristol-Myers Squibb Co. Common 11012210-8 2,611,512 40,100 Shares Sole 40,100
- ---------------------------------------------------------------------------------------------------------------------------------
Bristol-Myers Squibb Co. Common 11012210-8 130,250 2,000 Shares Shared 2,000
- ---------------------------------------------------------------------------------------------------------------------------------
CIGNA Corp. Common 12550910-9 1,868,979 22,950 Shares Sole 22,350 600
- ---------------------------------------------------------------------------------------------------------------------------------
CIGNA Corp. Common 12550910-9 24,431 300 Shares Shared 300
- ---------------------------------------------------------------------------------------------------------------------------------
Carolina Pwr & Lt Co. Common 14414110-8 415,818 10,050 Shares Sole 10,050
- ---------------------------------------------------------------------------------------------------------------------------------
Centex Corp. Common 15231210-4 423,575 12,300 Shares Sole 12,300
- ---------------------------------------------------------------------------------------------------------------------------------
Chemical Financial Corp. Common 16373110-2 40,320,037 1,224,137 Shares Sole 985,820 238,317
- ---------------------------------------------------------------------------------------------------------------------------------
<PAGE>
Chemical Financial Corp. Common 16373110-2 1,640,592 49,810 Shares Shared 49,099 711
- ---------------------------------------------------------------------------------------------------------------------------------
Chevron Corp. Common 16675110-7 300,881 3,566 Shares Sole 3,366 200
- ---------------------------------------------------------------------------------------------------------------------------------
Chevron Corp. Common 16675110-7 31,134 369 Shares Shared 369
- ---------------------------------------------------------------------------------------------------------------------------------
Page 2 of 9
</TABLE>
<PAGE>
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------- -------------- --------- -------- --------------------- ---------- -------- ----------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- --------------------------- -------------- --------- -------- ------- --- ---- ---------- -------- ------- ------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Choiceone Financial Services Common 17038510-6 479,116 21,778 Shares Sole 21,778
- ---------------------------------------------------------------------------------------------------------------------------------
Citizens Bkg Corp. Mich Common 17442010-9 4,038,804 122,388 Shares Sole 97,959 24,429
- ---------------------------------------------------------------------------------------------------------------------------------
Citizens Bkg Corp. Mich Common 17442010-9 18,810 570 Shares Shared 570
- ---------------------------------------------------------------------------------------------------------------------------------
Coca Cola Co. Common 19121610-0 700,607 10,200 Shares Sole 7,800 2,400
- ---------------------------------------------------------------------------------------------------------------------------------
Comerica Inc. Common 20034010-7 2,523,684 36,312 Shares Sole 34,898 1,414
- ---------------------------------------------------------------------------------------------------------------------------------
Comerica Inc. Common 20034010-7 76,450 1,100 Shares Shared 300 800
- ---------------------------------------------------------------------------------------------------------------------------------
Commercial Nat'l Finl Corp. Common 20221610-7 426,610 11,530 Shares Sole 11,530
- ---------------------------------------------------------------------------------------------------------------------------------
Compaq Computer Corp. Common 20449310-0 2,391,622 76,227 Shares Sole 75,729 498
- ---------------------------------------------------------------------------------------------------------------------------------
Compaq Computer Corp. Common 20449310-0 109,812 3,500 Shares Shared 2,000 1,500
- ---------------------------------------------------------------------------------------------------------------------------------
Conagra Inc. Common 20588710-2 1,655,958 53,418 Shares Sole 51,418 2,000
- ---------------------------------------------------------------------------------------------------------------------------------
Corning Inc. Common 21935010-5 495,423 8,397 Shares Sole 8,397
- ---------------------------------------------------------------------------------------------------------------------------------
Dana Corp. Common 23581110-6 826,725 21,900 Shares Sole 21,700 200
- ---------------------------------------------------------------------------------------------------------------------------------
Dana Corp. Common 23581110-6 30,200 800 Shares Shared 300 500
- ---------------------------------------------------------------------------------------------------------------------------------
Dayton Hudson Corp. Common 23975310-6 2,687,762 38,500 Shares Sole 37,900 600
- ---------------------------------------------------------------------------------------------------------------------------------
Dayton Hudson Corp. Common 23975310-6 195,473 2,800 Shares Shared 1,600 1,200
- ---------------------------------------------------------------------------------------------------------------------------------
Dean Foods Co. Common 24236110-3 913,488 24,000 Shares Sole 24,000
- ---------------------------------------------------------------------------------------------------------------------------------
Dover Corp. Common 26000310-8 1,351,355 38,269 Shares Sole 38,269
- ---------------------------------------------------------------------------------------------------------------------------------
Dover Corp. Common 26000310-8 14,124 400 Shares Shared 400
- ---------------------------------------------------------------------------------------------------------------------------------
Dow Chemical Co. Common 26054310-3 114,199,652 1,177,316 Shares Sole 1,057,169 120,147
- ---------------------------------------------------------------------------------------------------------------------------------
<PAGE>
Dow Chemical Co. Common 26054310-3 15,429,984 159,072 Shares Shared 100,135 58,937
- ---------------------------------------------------------------------------------------------------------------------------------
DuPont El De Nemours & Co. Common 26353410-9 423,900 7,536 Shares Sole 7,368 168
- ---------------------------------------------------------------------------------------------------------------------------------
DuPont El De Nemours & Co. Common 26353410-9 67,500 1,200 Shares Shared 1,200
- ---------------------------------------------------------------------------------------------------------------------------------
Page 3 of 9
</TABLE>
<PAGE>
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------- -------------- --------- -------- -------------------- ---------- -------- -----------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- --------------------------- -------------- --------- -------- ------- --- ---- ---------- -------- ------- ------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Electronic Data Systems Corp. Common 28566110-4 441,370 9,292 Shares Sole 9,292
- ---------------------------------------------------------------------------------------------------------------------------------
Electronic Data Systems Corp. Common 28566110-4 9,500 200 Shares Shared 200
- ---------------------------------------------------------------------------------------------------------------------------------
Emerson Elec Co. Common 29101110-4 984,555 16,830 Shares Sole 15,130 1,700
- ---------------------------------------------------------------------------------------------------------------------------------
Emerson Elect Co. Common 29101110-4 23,400 400 Shares Shared 400
- ---------------------------------------------------------------------------------------------------------------------------------
Equifax Inc. Common 29442910-5 379,147 11,050 Shares Sole 11,050
- ---------------------------------------------------------------------------------------------------------------------------------
Equifax Inc. Common 29442910-5 27,450 800 Shares Shared 800
- ---------------------------------------------------------------------------------------------------------------------------------
Exxon Corp. Common 30229010-1 6,385,273 86,654 Shares Sole 81,454 5,200
- ---------------------------------------------------------------------------------------------------------------------------------
Exxon Corp. Common 30229010-1 44,212 600 Shares Shared 600
- ---------------------------------------------------------------------------------------------------------------------------------
FPL Group Inc. Common 30257110-4 255,762 4,557 Shares Sole 4,557
- ---------------------------------------------------------------------------------------------------------------------------------
FPL Group Inc. Common 30257110-4 5,612 100 Shares Shared 100
- ---------------------------------------------------------------------------------------------------------------------------------
Federal Natl Mtg Assn. Common 31358610-9 2,377,265 33,075 Shares Sole 30,875 2,200
- ---------------------------------------------------------------------------------------------------------------------------------
Firstbank Corp. Mich. Common 33761G10-4 1,106,545 37,510 Shares Sole 37,510
- ---------------------------------------------------------------------------------------------------------------------------------
Ford Mtr. Co. Common 34537010-0 1,943,370 33,220 Shares Sole 33,220
- ---------------------------------------------------------------------------------------------------------------------------------
Ford Mtr. Co. Common 34537010-0 93,600 1,600 Shares Sole 800 800
- ---------------------------------------------------------------------------------------------------------------------------------
GPU Inc. Common 36225X10-0 1,100,428 27,425 Shares Sole 27,425
- ---------------------------------------------------------------------------------------------------------------------------------
GPU Inc. Common 36225X10-0 28,087 700 Shares Shared 700
- ---------------------------------------------------------------------------------------------------------------------------------
GTE Corp. Common 36232010-3 1,170,774 18,695 Shares Sole 18,695
- ---------------------------------------------------------------------------------------------------------------------------------
GTE Corp. Common 36232010-3 50,225 802 Shares Shared 402 400
- ---------------------------------------------------------------------------------------------------------------------------------
Gannett, Inc. Common 36473010-1 235,034 3,705 Shares Sole 3,705
- ---------------------------------------------------------------------------------------------------------------------------------
<PAGE>
General Elec Co. Common 36960410-3 9,411,282 85,460 Shares Sole 83,660 1,800
- ---------------------------------------------------------------------------------------------------------------------------------
General Elect Co. Common 36960410-3 88,100 800 Shares Shared 800
- ---------------------------------------------------------------------------------------------------------------------------------
General Mtrs Corp. Common 37044210-5 1,359,551 15,180 Shares Sole 15,080 100
- ---------------------------------------------------------------------------------------------------------------------------------
Page 4 of 9
</TABLE>
<PAGE>
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------- -------------- --------- -------- -------------------- ---------- -------- -----------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- --------------------------- -------------- --------- -------- ------- --- ---- ---------- -------- ------- ------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
General Mtrs Corp. Common 37044210-5 35,824 400 Shares Shared 400
- ---------------------------------------------------------------------------------------------------------------------------------
Gillette Co. Common 37576610-2 1,255,584 20,416 Shares Sole 18,000 2,416
- ---------------------------------------------------------------------------------------------------------------------------------
HRPT Properties Trust Common 40426W10-1 168,700 12,050 Shares Sole 12,050
- ---------------------------------------------------------------------------------------------------------------------------------
Halliburton Co. Common 40621610-1 1,105,158 30,860 Shares Sole 30,860
- ---------------------------------------------------------------------------------------------------------------------------------
Hasbro Inc. Common 41805610-7 2,387,700 56,850 Shares Sole 56,850
- ---------------------------------------------------------------------------------------------------------------------------------
Heinz H J Co. Common 42307410-3 863,695 16,550 Shares Sole 16,550
- ---------------------------------------------------------------------------------------------------------------------------------
Heinz H J Co. Common 42307410-3 75,671 1,450 Shares Shared 550 900
- ---------------------------------------------------------------------------------------------------------------------------------
Hewlett Packard Co. Common 42823610-3 2,778,609 38,828 Shares Sole 37,828 1,000
- ---------------------------------------------------------------------------------------------------------------------------------
Hewlett Packard Co. Common 42823610-3 157,436 2,200 Shares Shared 1,800 400
- ---------------------------------------------------------------------------------------------------------------------------------
Intel Corp. Common 45814010-0 2,246,815 19,061 Shares Sole 18,561 500
- ---------------------------------------------------------------------------------------------------------------------------------
Intel Corp. Common 45814010-0 94,300 800 Shares Shared 800
- ---------------------------------------------------------------------------------------------------------------------------------
IBM Corp. Common 45920010-1 2,312,492 12,706 Shares Sole 12,706
- ---------------------------------------------------------------------------------------------------------------------------------
IBM Corp. Common 45920010-1 115,206 633 Shares Shared 333 300
- ---------------------------------------------------------------------------------------------------------------------------------
Ipalco Enterprises Inc. Common 46261310-0 218,250 4,500 Shares Sole 4,500
- ---------------------------------------------------------------------------------------------------------------------------------
Johnson & Johnson Common 47816010-4 2,857,514 31,423 Shares Sole 29,900 1,523
- ---------------------------------------------------------------------------------------------------------------------------------
Johnson & Johnson Common 47816010-4 218,248 2,400 Shares Shared 2,400
- ---------------------------------------------------------------------------------------------------------------------------------
Johnson Ctls Inc. Common 47836610-7 1,289,896 20,434 Shares Sole 18,934 1,500
- ---------------------------------------------------------------------------------------------------------------------------------
Johnson Ctls Inc. Common 47836610-7 31,562 500 Shares Shared 500
- ---------------------------------------------------------------------------------------------------------------------------------
Kellogg Co. Common 48783610-8 550,696 14,374 Shares Sole 14,174 200
- ---------------------------------------------------------------------------------------------------------------------------------
<PAGE>
Keycorp Common 49326710-8 469,000 14,000 Shares Sole 14,000
- ---------------------------------------------------------------------------------------------------------------------------------
Lilly Eli & Co. Common 53245710-8 791,808 8,200 Shares Sole 8,200
- ---------------------------------------------------------------------------------------------------------------------------------
Page 5 of 9
</TABLE>
<PAGE>
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------- -------------- --------- -------- -------------------- ---------- -------- -----------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- --------------------------- -------------- --------- -------- ------- --- ---- ---------- -------- ------- ------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Lilly Eli & Co. Common 53245710-8 77,250 800 Shares Shared 800
- ---------------------------------------------------------------------------------------------------------------------------------
Lowes Cos Inc. Common 54866110-7 1,071,922 16,700 Shares Sole 16,700
- ---------------------------------------------------------------------------------------------------------------------------------
Lockheed Martin Corp. Common 53983010-9 1,403,892 34,934 Shares Sole 34,934
- ---------------------------------------------------------------------------------------------------------------------------------
Lucent Technologies Inc. Common 54946310-7 2,189,144 20,689 Shares Sole 20,689
- ---------------------------------------------------------------------------------------------------------------------------------
Lucent Technologies Inc. Common 54946310-7 37,881 358 Shares Shared 358
- ---------------------------------------------------------------------------------------------------------------------------------
Merck & Co. Inc. Common 58933110-7 6,242,166 74,091 Shares Sole 73,291 800
- ---------------------------------------------------------------------------------------------------------------------------------
Merck & Co. Inc. Common 58933110-7 176,925 2,100 Shares Shared 1,300 800
- ---------------------------------------------------------------------------------------------------------------------------------
Microsoft Corporation Common 59491810-4 597,481 3,602 Shares Sole 2,202 1,400
- ---------------------------------------------------------------------------------------------------------------------------------
Microsoft Corporation Common 59491810-4 66,350 400 Shares Shared 400
- ---------------------------------------------------------------------------------------------------------------------------------
Minnesota Mng & Mfg Co. Common 60405910-5 480,353 6,028 Shares Sole 6,028
- ---------------------------------------------------------------------------------------------------------------------------------
Mobil Corp. Common 60705910-2 6,072,623 66,052 Shares Sole 61,960 4,092
- ---------------------------------------------------------------------------------------------------------------------------------
Mobil Corp. Common 60705910-2 114,093 1,241 Shares Shared 1,241
- ---------------------------------------------------------------------------------------------------------------------------------
Morgan Stanley Dean Witter &
Co. Common 61744644-8 3,529,098 34,599 Shares Sole 34,436 163
- ---------------------------------------------------------------------------------------------------------------------------------
Morgan Stanley Dean Witter &
Co. Common 61744644-8 71,400 700 Shares Shared 700
- ---------------------------------------------------------------------------------------------------------------------------------
Motorola Inc. Common 62007610-9 822,800 12,100 Shares Sole 12,100
- ---------------------------------------------------------------------------------------------------------------------------------
NIPSCO Inds. Inc. Common 62914010-4 261,309 9,524 Shares Sole 9,524
- ---------------------------------------------------------------------------------------------------------------------------------
National City Corp. Common 63540510-3 1,424,500 20,350 Shares Sole 20,350
- ---------------------------------------------------------------------------------------------------------------------------------
National City Corp. Common 63540510-3 210,000 3,000 Shares Shared 3,000
- ---------------------------------------------------------------------------------------------------------------------------------
<PAGE>
Neogen Corp. Common 64049110-6 110,201 15,886 Shares Sole 15,886
- ---------------------------------------------------------------------------------------------------------------------------------
Page 6 of 9
</TABLE>
<PAGE>
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------- -------------- --------- -------- -------------------- ---------- -------- -----------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- --------------------------- -------------- --------- -------- ------- --- ---- ---------- -------- ------- ------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
NICOR Inc. Common 65408610-7 337,417 8,750 Shares Sole 8,750
- ---------------------------------------------------------------------------------------------------------------------------------
NICOR Inc. Common 65408610-7 7,712 200 Shares Shared 200
- ---------------------------------------------------------------------------------------------------------------------------------
Norfolk Southn Corp. Common 65584410-8 268,516 9,007 Shares Sole 9,007
- ---------------------------------------------------------------------------------------------------------------------------------
Northern Sts Pwr Co Minn Common 66577210-9 443,148 16,300 Shares Sole 16,300
- ---------------------------------------------------------------------------------------------------------------------------------
Pepsico Inc. Common 71344810-8 1,039,906 26,750 Shares Sole 24,350 2,400
- ---------------------------------------------------------------------------------------------------------------------------------
Pharmacia & Upjohn Inc. Common 71694110-9 501,444 8,627 Shares Sole 7,975 652
- ---------------------------------------------------------------------------------------------------------------------------------
Pharmacia & Upjohn Inc. Common 71694110-9 16,856 290 Shares Shared 290
- ---------------------------------------------------------------------------------------------------------------------------------
Pfizer Inc. Common 71708110-3 3,169,255 22,507 Shares Sole 21,807 700
- ---------------------------------------------------------------------------------------------------------------------------------
Pharmerica Inc. Common 71713510-7 203,877 32,300 Shares Sole 32,300
- ---------------------------------------------------------------------------------------------------------------------------------
Phillip Morris Cos Inc. Common 71815410-7 440,325 11,400 Shares Sole 11,400
- ---------------------------------------------------------------------------------------------------------------------------------
Phillip Morris Cos Inc. Common 71815410-7 9,540 247 Shares Shared 247
- ---------------------------------------------------------------------------------------------------------------------------------
Procter & Gamble Co. Common 74271810-9 2,787,284 30,400 Shares Sole 29,200 1,200
- ---------------------------------------------------------------------------------------------------------------------------------
Procter & Gamble Co. Common 74271810-9 62,714 684 Shares Shared 684
- ---------------------------------------------------------------------------------------------------------------------------------
Quaker Oats Co. Common 74740210-5 213,750 3,800 Shares Sole 3,800
- ---------------------------------------------------------------------------------------------------------------------------------
Quaker Oats Co. Common 74740210-5 22,500 400 Shares Shared 400
- ---------------------------------------------------------------------------------------------------------------------------------
Raytheon Co. Cl B Common 75511140-8 1,523,489 27,637 Shares Sole 26,437 1,200
- ---------------------------------------------------------------------------------------------------------------------------------
Ross Stores Inc. Common 77829610-3 1,835,775 39,800 Shares Sole 39,800
- ---------------------------------------------------------------------------------------------------------------------------------
Ross Stores Inc. Common 77829610-3 13,837 300 Shares Shared 300
- ---------------------------------------------------------------------------------------------------------------------------------
SBC Communications Inc. Common 78387G10-3 2,114,183 39,750 Shares Sole 39,750
- ---------------------------------------------------------------------------------------------------------------------------------
Page 7 of 9
</TABLE>
<PAGE>
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------- -------------- --------- -------- -------------------- ---------- -------- -----------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- --------------------------- -------------- --------- -------- ------- --- ---- ---------- -------- ------- ------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SBC Communications Inc. Common 78387G10-3 94,885 1,784 Shares Shared 1,784
- ---------------------------------------------------------------------------------------------------------------------------------
Sara Lee Corporation Common 80311110-3 1,252,585 47,380 Shares Sole 47,380
- ---------------------------------------------------------------------------------------------------------------------------------
Sara Lee Corporation Common 80311110-3 1,295 49 Shares Shared 49
- ---------------------------------------------------------------------------------------------------------------------------------
Schering Plough Corp. Common 80660510-1 9,968,775 173,370 Shares Sole 170,970 2,400
- ---------------------------------------------------------------------------------------------------------------------------------
Sears Roebuck & Co. Common 81238710-8 150,050 3,240 Shares Sole 3,240
- ---------------------------------------------------------------------------------------------------------------------------------
Sears Roebuck & Co. Common 81238710-8 119,485 2,580 Shares Shared 2,580
- ---------------------------------------------------------------------------------------------------------------------------------
Stryker Corp. Common 86366710-1 674,375 13,000 Shares Sole 13,000
- ---------------------------------------------------------------------------------------------------------------------------------
Stryker Corp. Common 86366710-1 67,437 1,300 Shares Shared 1,300
- ---------------------------------------------------------------------------------------------------------------------------------
TRW Inc. Common 87264910-8 748,360 16,700 Shares Sole 15,600 1,100
- ---------------------------------------------------------------------------------------------------------------------------------
Texaco Inc. Common 88169410-3 1,039,513 19,030 Shares Sole 16,440 2,590
- ---------------------------------------------------------------------------------------------------------------------------------
Texaco Inc. Common 88169410-3 27,313 500 Shares Shared 500
- ---------------------------------------------------------------------------------------------------------------------------------
Three Com Corp. Common 88553510-4 847,671 33,000 Shares Sole 33,000
- ---------------------------------------------------------------------------------------------------------------------------------
USX-U.S. Stl Group Common 90337T10-1 775,937 32,500 Shares Sole 32,500
- ---------------------------------------------------------------------------------------------------------------------------------
United Technologies Corp. Common 91301710-9 372,600 2,880 Shares Sole 2,880
- ---------------------------------------------------------------------------------------------------------------------------------
VF Corp. Common 91820410-8 1,766,400 38,400 Shares Sole 38,400
- ---------------------------------------------------------------------------------------------------------------------------------
VF Corp. Common 91820410-8 23,000 500 Shares Shared 500
- ---------------------------------------------------------------------------------------------------------------------------------
Vlad Corp. Common 92552R10-9 1,617,223 62,352 Shares Sole 62,352
- ---------------------------------------------------------------------------------------------------------------------------------
Wal Mart Stores Inc. Common 93114210-3 541,800 5,600 Shares Sole 5,600
- ---------------------------------------------------------------------------------------------------------------------------------
Walgreen Co. Common 93142210-9 920,362 30,300 Shares Sole 25,100 5,200
- ---------------------------------------------------------------------------------------------------------------------------------
Page 8 of 9
</TABLE>
<PAGE>
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------- -------------- --------- -------- ---------------------- --------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- --------------------------- -------------- --------- -------- ------- --- ---- ---------- -------- ----- ------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Walgreen Co. Common 93142210-9 72,900 2,400 Shares Shared 2,400
- ---------------------------------------------------------------------------------------------------------------------------------
Warner Lambert Co. Common 93448810-7 2,980,340 40,480 Shares Sole 9,664 30,816
- ---------------------------------------------------------------------------------------------------------------------------------
Wells Fargo and Company NEW Common 94974610-1 1,864,969 48,284 Shares Sole 45,784 2,500
- ---------------------------------------------------------------------------------------------------------------------------------
Wells Fargo and Company NEW Common 94974610-1 61,800 1,600 Shares Shared 1,600
- ---------------------------------------------------------------------------------------------------------------------------------
Weyerhaeuser Co. Common 96216610-4 612,276 10,500 Shares Sole 9,600 900
- ---------------------------------------------------------------------------------------------------------------------------------
Wisconsin Energy Corp. Common 97665710-6 245,752 9,362 Shares Sole 9,362
- ---------------------------------------------------------------------------------------------------------------------------------
Xerox Corp. Common 98412110-3 3,271,320 60,580 Shares Sole 58,780 1,800
- ---------------------------------------------------------------------------------------------------------------------------------
Xerox Corp. Common 98412110-3 45,900 850 Shares Shared 850
- ---------------------------------------------------------------------------------------------------------------------------------
GRAND TOTALS 356,921,049 5,953,848 5,389,555 564,293
- ---------------------------------------------------------------------------------------------------------------------------------
Page 9 of 9
</TABLE>
