United States Securities & Exchange Commission
Washington, DC 20549
Form 13 F Cover Page
Quarter Ended: 12/31/2000
Investment Manager: H. M. Payson & Co.
Address: P. O. Box 31
Portland, ME 04112
13F File Number: 28-4422
Signer: John C. Downing, Managing Dir
Title: Managing Director
Phone: 207-772-3761
Signature, Place and Date of Signing:
John C. Downing Portland, ME January 02, 2001
Report Type: 13F Holdings Report
I am signing this report as required by the
Securities Exchange Act of 1934
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Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 229
Form 13F Information Table Value Total: 411,277
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<TABLE> <C> <C>
Invt Votg
Security Class Cusip Mkt Value Quantity Disc Auth
ABBOTT LABS Com 002824100 8,851 182,740 Sole Sole
AGILENT TECHNOLOGIES INC Com 00846U101 515 9,412 Sole Sole
AIR PRODS & CHEMS INC Com 009158106 1,679 40,944 Sole Sole
ALBERTSONS INC Com 013104104 561 21,165 Sole Sole
ALLEGHENY ENERGY INC Com 017361106 946 19,626 Sole Sole
ALLSTATE CORP Com 020002101 918 21,071 Sole Sole
AMEREN CORP Com 023608102 378 8,164 Sole Sole
AMERICAN ELEC PWR INC Com 025537101 578 12,433 Sole Sole
AMERICAN EXPRESS CO Com 025816109 2,022 36,810 Sole Sole
AMERICAN HOME PRODS CORP Com 026609107 9,192 144,640 Sole Sole
AMERICAN INTL GROUP INC Com 026874107 1,685 17,091 Sole Sole
AMGEN INC Com 031162100 399 6,236 Sole Sole
ANHEUSER BUSCH COS INC Com 035229103 1,474 32,388 Sole Sole
APPLIED MATLS INC Com 038222105 3,086 80,803 Sole Sole
ARCHSTONE CMNTYS TR Com 039581103 1,638 63,612 Sole Sole
AT&T CORP Com 001957109 2,505 144,685 Sole Sole
AUTOMATIC DATA PROCESSING Com 053015103 523 8,257 Sole Sole
AVX CORP NEW Com 002444107 294 17,970 Sole Sole
BAIRNCO CORP Com 057097107 201 26,350 Sole Sole
BANK AMER CORP Com 060505104 243 5,301 Sole Sole
BANK NEW YORK INC Com 064057102 1,222 22,150 Sole Sole
BANK ONE CORP NEW Com 06423A103 1,187 32,410 Sole Sole
BANKNORTH GROUP INC NEW Com 06646R107 1,355 67,942 Sole Sole
BANTA CORP Com 066821109 224 8,820 Sole Sole
BECTON DICKINSON & CO Com 075887109 553 15,984 Sole Sole
BELLSOUTH CORP Com 079860102 3,043 74,326 Sole Sole
BERKSHIRE HATHAWAY INC Com 084670207 784 333 Sole Sole
BOEING CO Com 097023105 991 15,016 Sole Sole
BOISE CASCADE CORP Com 097383103 282 8380 Sole Sole
BP AMOCO PLC SPONSORED ADR Com 055622104 5,890 123,025 Sole Sole
BRISTOL MYERS SQUIBB CO Com 110122108 11,762 159,079 Sole Sole
BRITISH AWYS PLC ADR Com 110419306 211 3,510 Sole Sole
BRUNSWICK CORP Com 117043109 1,114 67,795 Sole Sole
BURLINGTON RES INC Com 122014103 335 6,626 Sole Sole
CAMDEN PPTY TR Com 133131102 207 6,190 Sole Sole
CENTEX CONSTR PRODS INC Com 15231R109 322 11,775 Sole Sole
CENTEX CORP Com 152312104 2,521 67,103 Sole Sole
CHASE MANHATTAN CORP NEW Com 16161A108 3,662 80,597 Sole Sole
CHEVRON CORP Com 166751107 1,790 21,203 Sole Sole
CIGNA CORP Com 125509109 363 2,745 Sole Sole
CINERGY CORP Com 172474108 503 14,325 Sole Sole
CIRCUIT SYS INC Com 172917106 1 10,000 Sole Sole
CISCO SYS INC Com 17275R102 1,230 32,159 Sole Sole
CITIGROUP INC Com 172967101 12,508 244,962 Sole Sole
CLAYTON HOMES INC Com 184190106 173 15,000 Sole Sole
COCA COLA CO Com 191216100 1,500 24,615 Sole Sole
COLGATE PALMOLIVE CO Com 194162103 508 7,864 Sole Sole
COMCAST CORP CL A SPL Com 200300200 301 7,218 Sole Sole
COMERICA INC Com 200340107 806 13,569 Sole Sole
COMPAQ COMPUTER CORP Com 204493100 3,691 245,237 Sole Sole
COMPUTER SCIENCES CORP Com 205363104 586 9,745 Sole Sole
CONOCO INC CL B Com 208251405 1,683 58,175 Sole Sole
COOPER CAMERON CORP Com 216640102 391 5,925 Sole Sole
COOPER TIRE & RUBR CO Com 216831107 106 10,000 Sole Sole
CORNING INC Com 219350105 391 7,404 Sole Sole
CVS CORP Com 126650100 2,000 33,369 Sole Sole
DANA CORP Com 235811106 381 24,895 Sole Sole
DELHAIZE AMER INC CL A Com 246688105 261 14,745 Sole Sole
DIEBOLD INC Com 253651103 211 6,337 Sole Sole
DISNEY WALT CO Com 254687106 1,990 68,760 Sole Sole
DOMINION RES INC VA NEW Com 25746U109 280 4,177 Sole Sole
DOVER CORP Com 260003108 576 14,200 Sole Sole
DOW CHEM CO Com 260543103 981 26,775 Sole Sole
DU PONT E I DE NEMOURS Com 263534109 1,046 21,642 Sole Sole
DUKE ENERGY CORP Com 264399106 234 2,750 Sole Sole
E M C CORP MASS Com 268648102 815 12,260 Sole Sole
EASTMAN KODAK CO Com 277461109 278 7,059 Sole Sole
EDWARDS A G INC Com 281760108 442 9,312 Sole Sole
ELECTRONIC DATA SYS NEW Com 285661104 207 3,585 Sole Sole
EMERSON ELEC CO Com 291011104 2,031 25,766 Sole Sole
ENDESA S A SPONSORED ADR Com 29258N107 542 32,485 Sole Sole
ENERGEN CORP Com 29265N108 661 20,550 Sole Sole
ENRON CORP Com 293561106 286 3,440 Sole Sole
ENSCO INTL INC Com 26874Q100 2,313 67,890 Sole Sole
EOG RES INC Com 26875P101 219 4,000 Sole Sole
EQUITY RESIDENTIAL PPTYS Com 29476L107 926 16,738 Sole Sole
EUROPAC GROWTH FD AMER FDS Com 298706102 205 6,526 Sole Sole
EXXON MOBIL CORP Com 30231G102 23,241 267,326 Sole Sole
FAIRCHILD SEMICONDUCTOR CL A Com 303726103 2,606 180,535 Sole Sole
FEDERAL HOME LN MTG CORP Com 313400301 234 3,400 Sole Sole
FEDERAL NATL MTG ASSN Com 313586109 8,944 103,102 Sole Sole
FEDERATED DEPT STORES INC Com 31410H101 375 10,700 Sole Sole
FIFTY ASSOC Com 316801109 347 17,350 Sole Sole
FIRST VA BKS INC Com 337477103 1,104 23,006 Sole Sole
FLEETBOSTON FINL CORP Com 339030108 4,224 112,451 Sole Sole
FLEETWOOD ENTERPRISES INC Com 339099103 1,199 114,203 Sole Sole
FORD MTR CO NEW Com 345370860 311 13,268 Sole Sole
FORUM FDS - PAYSON BAL FD Com 349903880 213 16,970 Sole Sole
FORUM FDS - PAYSON VALUE Com 349903872 447 23,635 Sole Sole
FPL GROUP INC Com 302571104 960 13,378 Sole Sole
FRANKLIN CUSTODIAN-GRWTH CLA Com 353496508 226 6,464 Sole Sole
GENERAL ELEC CO Com 369604103 24,791 517,159 Sole Sole
GENERAL MLS INC Com 370334104 410 9,192 Sole Sole
GEORGIA PAC CORP GP GRP Com 373298108 973 31,254 Sole Sole
GEORGIA PAC - TIMBER GRP Com 373298702 812 27,124 Sole Sole
GILLETTE CO Com 375766102 301 8,328 Sole Sole
GLOBAL CROSSING LTD Com G3921A100 167 11,675 Sole Sole
GOLDEN WEST FINL CORP DEL Com 381317106 335 4,958 Sole Sole
HARRIS CORP DEL Com 413875105 1,402 45,795 Sole Sole
HARTFORD FINL SVCS GROUP Com 416515104 1,398 19,795 Sole Sole
HEINZ H J CO Com 423074103 384 8,103 Sole Sole
HEWLETT PACKARD CO Com 428236103 3,897 123,459 Sole Sole
HIGHWOODS PPTYS INC Com 431284108 250 10,065 Sole Sole
HONEYWELL INTL INC Com 438516106 283 5,978 Sole Sole
HUNTINGTON BANCSHARES INC Com 446150104 414 25,577 Sole Sole
ILLINOIS TOOL WKS INC Com 452308109 391 6,563 Sole Sole
IMS HEALTH INC Com 449934108 329 12,200 Sole Sole
INTEL CORP Com 458140100 9,008 299,634 Sole Sole
INTERNATIONAL BUS MACHS Com 459200101 7,313 86,034 Sole Sole
INTERNATIONAL PAPER CO Com 460146103 479 11,745 Sole Sole
INTERPUBLIC GROUP COS INC Com 460690100 234 5,500 Sole Sole
ITT INDUSTRIES INC Com 450911102 337 8,702 Sole Sole
JANUS INVT FD Com 471023101 249 7,487 Sole Sole
JANUS INVT FD WORLDWIDE FD Com 471023309 264 4,644 Sole Sole
JOHNSON & JOHNSON Com 478160104 7,241 68,918 Sole Sole
KEYCORP NEW Com 493267108 587 20,949 Sole Sole
KIMBERLY CLARK CORP Com 494368103 1,236 17,487 Sole Sole
LANIER WORLDWIDE INC Com 51589L105 37 12,250 Sole Sole
LEHMAN BROTHERS HLDGS INC Com 524908100 1,470 21,734 Sole Sole
LILLY ELI & CO Com 532457108 2,062 22,159 Sole Sole
LINCOLN NATL CORP Com 534187109 618 13,060 Sole Sole
LITTON INDS INC Com 538021106 947 12,037 Sole Sole
LOCKHEED MARTIN CORP Com 539830109 914 26,914 Sole Sole
LUCENT TECHNOLOGIES INC Com 549463107 1,685 124,823 Sole Sole
MARSH & MCLENNAN COS INC Com 571748102 682 5,827 Sole Sole
MBNA CORP Com 55262L100 2,416 65,421 Sole Sole
MCDONALDS CORP Com 580135101 466 13,702 Sole Sole
MCKESSON HBOC INC Com 58155Q103 207 5,775 Sole Sole
MEAD CORP Com 582834107 244 7,769 Sole Sole
MEDTRONIC INC Com 585055106 1,199 19,853 Sole Sole
MELLON FINL CORP Com 58551A108 1,154 23,464 Sole Sole
MERCK & CO INC Com 589331107 15,038 160,620 Sole Sole
MERRILL LYNCH & CO INC Com 590188108 2,547 37,350 Sole Sole
MICROSOFT CORP Com 594918104 4,427 102,063 Sole Sole
MINNESOTA MNG & MFG CO Com 604059105 1,764 14,641 Sole Sole
MOODYS CORP Com 615369105 266 10,340 Sole Sole
MORGAN J P & CO INC Com 616880100 2,182 13,183 Sole Sole
MORGAN STANLEY DEAN WITTER Com 617446448 391 4,935 Sole Sole
MOTOROLA INC Com 620076109 302 14,921 Sole Sole
NAPRO BIOTHERAPEUTICS INC Com 630795102 185 21,800 Sole Sole
NCR CORP NEW Com 62886E108 1,300 26,472 Sole Sole
NEW PLAN EXCEL RLTY TR Com 648053106 341 26,010 Sole Sole
NIKE INC CL B Com 654106103 623 11,163 Sole Sole
NOKIA CORP SPONSORED ADR Com 654902204 564 12,965 Sole Sole
NORFOLK SOUTHERN CORP Com 655844108 208 15,605 Sole Sole
NORTH FORK BANCORPORATION Com 659424105 1,388 56,490 Sole Sole
NORTHROP GRUMMAN CORP Com 666807102 1,597 19,245 Sole Sole
NSTAR Com 67019E107 355 8,272 Sole Sole
PALL CORP Com 696429307 246 11,525 Sole Sole
PEPSICO INC Com 713448108 2,222 44,824 Sole Sole
PFIZER INC Com 717081103 13,371 290,680 Sole Sole
PHARMACIA CORP Com 71713U102 850 13,934 Sole Sole
PHILADELPHIA SUBN CORP Com 718009608 2,393 97,670 Sole Sole
PHILIP MORRIS COS INC Com 718154107 3,447 78,343 Sole Sole
PHILLIPS PETE CO Com 718507106 1,331 23,402 Sole Sole
PITTSTON BRINKS GROUP Com 725701106 238 11,970 Sole Sole
PRAXAIR INC Com 74005P104 931 20,974 Sole Sole
PROCTER & GAMBLE CO Com 742718109 7,857 100,167 Sole Sole
PROGRESS ENERGY INC Com 743263105 861 17,502 Sole Sole
PROVIDIAN FINL CORP Com 74406A102 290 5,040 Sole Sole
PUBLIC SVC ENTERPRISE GRP Com 744573106 203 4,175 Sole Sole
QUAKER OATS CO Com 747402105 1,307 13,421 Sole Sole
QUESTAR CORP Com 748356102 347 11,530 Sole Sole
QWEST COMMUNICATIONS INTL Com 749121109 712 17,414 Sole Sole
RALSTON - RALSTON PURINA Com 751277302 431 16,508 Sole Sole
RAYTHEON CO CL B Com 755111408 2,435 78,405 Sole Sole
REPSOL YPF SA SPONS ADR Com 76026T205 281 17,400 Sole Sole
ROYAL DUTCH PETE NY PAR N GLDRCom 780257804 2,001 33,035 Sole Sole
RPM INC OHIO Com 749685103 103 12,000 Sole Sole
RUDDICK CORP Com 781258108 1,006 87,955 Sole Sole
SAFEWAY INC COM NEW Com 786514208 2,486 39,781 Sole Sole
SARA LEE CORP Com 803111103 426 17,348 Sole Sole
SBC COMMUNICATIONS INC Com 78387G103 9,006 188,606 Sole Sole
SCHERING PLOUGH CORP Com 806605101 12,791 225,395 Sole Sole
SCHLUMBERGER LTD Com 806857108 3,046 38,099 Sole Sole
SCUDDER MANAGED MUN BDS Com 811170109 120 13,322 Sole Sole
SEARS ROEBUCK & CO Com 812387108 229 6,600 Sole Sole
SENSIENT TECHNOLOGIES Com 81725T100 733 32,218 Sole Sole
SMITHKLINE BEECHAM PLC ADR ORDCom 832378301 379 6,118 Sole Sole
SOUTHERN CO Com 842587107 545 16,402 Sole Sole
SPRINGS INDS INC CL A Com 851783100 551 17,000 Sole Sole
SPRINT CORP Com 852061100 693 34,122 Sole Sole
SPRINT CORP PCS SER 1 Com 852061506 273 13,352 Sole Sole
STATE STR CORP Com 857477103 3,599 28,976 Sole Sole
SUN MICROSYSTEMS INC Com 866810104 732 26,270 Sole Sole
SUNOCO INC Com 86764P109 250 7,416 Sole Sole
SUPERVALU INC COM Com 868536103 216 15,560 Sole Sole
SYMANTEC CORP Com 871503108 1,435 42,985 Sole Sole
SYSCO CORP Com 871829107 215 7,152 Sole Sole
T ROWE PRICE MID-CAP GRWTH Com 779556109 238 5,973 Sole Sole
TARGET CORP Com 87612E106 362 11,220 Sole Sole
TECO ENERGY INC Com 872375100 2,153 66,511 Sole Sole
TEKTRONIX INC Com 879131100 804 23,870 Sole Sole
TELECOM NEW ZEALAND ADR Com 879278208 169 10,104 Sole Sole
TELEFLEX INC Com 879369106 5,208 117,853 Sole Sole
TELEFONOS DE MEXICO SA ADR Com 879403780 2,200 48,760 Sole Sole
TELEPHONE & DATA SYS INC Com 879433100 288 3,200 Sole Sole
TELLABS INC Com 879664100 3,630 64,256 Sole Sole
TENET HEALTHCARE CORP Com 88033G100 525 11,810 Sole Sole
TERADYNE INC Com 880770102 1,880 50,470 Sole Sole
TEXACO INC Com 881694103 3,808 61,294 Sole Sole
TEXAS INSTRS INC Com 882508104 2,943 62,129 Sole Sole
TEXTRON INC Com 883203101 1,467 31,545 Sole Sole
TIDEWATER INC Com 886423102 277 6,250 Sole Sole
TIMKEN CO Com 887389104 871 57,585 Sole Sole
TJX COMPANIES INC NEW Com 872540109 211 7,620 Sole Sole
TRANSOCEAN SEDCO FOREX Com G90078109 251 5,450 Sole Sole
TRINITY INDS INC Com 896522109 212 8,475 Sole Sole
TYCO INTL LTD NEW Com 902124106 753 13,561 Sole Sole
UNILEVER N V NY SHS NEW Com 904784709 658 10,450 Sole Sole
UNITED TECHNOLOGIES CORP Com 913017109 4,990 63,467 Sole Sole
UNOCAL CORP Com 915289102 252 6,505 Sole Sole
UNUMPROVIDENT CORP Com 91529Y106 1,135 42,234 Sole Sole
USX-MARATHON GROUP NEW Com 902905827 1,597 57,560 Sole Sole
USX-U S STL GROUP Com 90337T101 1,231 68,390 Sole Sole
UTILICORP UTD INC Com 918005109 206 6,649 Sole Sole
VANGUARD EQUITY INCOME FD Com 921921102 231 9,439 Sole Sole
VARIAN MED SYS INC Com 92220P105 439 6,455 Sole Sole
VERIZON COMMUNICATIONS Com 92343V104 5,108 101,909 Sole Sole
VODAFONE GROUP PLC NEW ADR Com 92857W100 752 21,003 Sole Sole
WACHOVIA CORP NEW Com 929771103 351 6,046 Sole Sole
WAL MART STORES INC Com 931142103 732 13,781 Sole Sole
WALGREEN CO Com 931422109 454 10,849 Sole Sole
WASHINGTON MUT INC Com 939322103 1,942 36,596 Sole Sole
WELLS FARGO & CO NEW Com 949746101 4,467 80,223 Sole Sole
WILLAMETTE INDS INC Com 969133107 2,202 46,918 Sole Sole
WILLIAMS COS INC Com 969457100 677 16,948 Sole Sole
WORLDCOM INC GA NEW Com 98157D106 1,799 127,954 Sole Sole
XCEL ENERGY INC Com 98389B100 956 32,893 Sole Sole
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