UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 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: QCI Asset Management Inc.
Address: 387 East Main Street
Suite 300
Rochester, NY 14604
13F File Number: 28-4516
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: David F. Khalil
Title: Vice President
Phone: 716-262-6080
Signature, Place, and Date of Signing:
David F. Khalil Rochester, NY November 1, 1999
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
NONE
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 159
Form 13F Information Table Value Total: $333,052
List of Other Included Managers: 0
No. 13F File Number Name
<TABLE>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
APP FINANCE VII CORP PFD 00202pac4 13 25000 PRN SOLE 25000
NETWORK ASSOCIATES CORP PFD 640938AB2 34 100000 PRN SOLE 100000
OFFICE DEPOT, INC. LYON CORP PFD 676220ab2 7 10000 PRN SOLE 10000
PEP BOYS LYON CORP PFD 713278aj8 8 15000 PRN SOLE 15000
QUANEX CORP. CONVERTIBLE CORP PFD 747620ac6 48 47500 PRN SOLE 47500
ROCHE HLDG AG CORP PFD 771196AC6 60 100000 PRN SOLE 100000
TIMES MIRROR CO. CONV CORP PFD 887364ae7 61 125000 PRN SOLE 125000
ABACUS DIRECT CORP. COM 002553105 2575 21129.00 SH SOLE 21129.00
ABBOTT LABORATORIES COM 002824100 5302 144510.00SH SOLE 144510.00
ACTION PERFORMANCE COS. INC. COM 004933107 361 17125.00 SH SOLE 17125.00
AFP IMAGING CORP COM 001058106 21 57527.00 SH SOLE 57527.00
AMER HOME PRODUCTS COM 026609107 5272 127026.00SH SOLE 127026.00
AMERICA ONLINE COM 02364j104 2717 26110.00 SH SOLE 26110.00
AMERICAN INT'L GROUP COM 026874107 8296 95421.13 SH SOLE 95421.13
AMERIPATH INC COM 03071d109 101 12104.00 SH SOLE 12104.00
ANHEUSER - BUSCH COM 035229103 367 5234.00 SH SOLE 5234.00
APPLIED MATERIALS INC COM 038222105 942 12120.00 SH SOLE 12120.00
ASSOCIATES FIRST CAPITAL CORP. COM 046008108 290 8045.00 SH SOLE 8045.00
AT HOME CORP - SER A COM 045919107 2209 53314.00 SH SOLE 53314.00
AT&T CORP COM 001957109 388 8930.00 SH SOLE 8930.00
AUTOMATIC DATA PROCESSING COM 053015103 277 6200.00 SH SOLE 6200.00
BANK OF NEW YORK COM 064057102 6490 194102.00SH SOLE 194102.00
BANK ONE CORP. COM 06423a103 3846 110471.00SH SOLE 110471.00
BANYAN SYSTEMS INC COM 066908104 136 14116.00 SH SOLE 14116.00
BEA SYSTEMS INC COM 073325102 1261 35712.00 SH SOLE 35712.00
BELL ATLANTIC CORP COM 077853109 424 6306.00 SH SOLE 6306.00
BELLSOUTH CORP COM 079860102 404 8984.00 SH SOLE 8984.00
BLYTH INDUSTRIES COM 09643p108 528 18800.00 SH SOLE 18800.00
BRISTOL-MYERS SQUIBB CO. COM 110122108 322 4770.00 SH SOLE 4770.00
BROADCOM CORP-CL A COM 111320107 1106 10146.00 SH SOLE 10146.00
CARDINAL HEALTH INC COM 14149y108 615 11289.00 SH SOLE 11289.00
CBS CORPORATION COM 12490k107 5656 122287.00SH SOLE 122287.00
CELESTICA, INC COM 15101q108 708 14339.00 SH SOLE 14339.00
CENTURA BANKS, INC. COM 15640t100 636 15375.00 SH SOLE 15375.00
CHEVRON COM 166751107 246 2770.00 SH SOLE 2770.00
CIENA CORPORATION COM 171779101 2114 57909.00 SH SOLE 57909.00
CISCO SYSTEMS INC COM 17275r102 9457 137928.00SH SOLE 137928.00
CITIGROUP COM 172967101 852 19371.00 SH SOLE 19371.00
CITRIX SYS INC COM COM 177376100 372 6000.00 SH SOLE 6000.00
COLGATE PALMOLIVE COM 194162103 5854 127967.00SH SOLE 127967.00
COLUMBUS MCKINNON CORP. COM 199333105 903 52350.00 SH SOLE 52350.00
COMPAQ COMPUTER CORP COM 204493100 4942 216049.00SH SOLE 216049.00
CONCORD COMMUNICATIONS INC. COM 206186108 1835 46165.00 SH SOLE 46165.00
CONCUR TECHNOLOGIES COM 206708109 597 20944.00 SH SOLE 20944.00
CONOCO INC -CL B COM 208251405 4564 166729.00SH SOLE 166729.00
CORNING INC COM 219350105 8395 122439.00SH SOLE 122439.00
COVAD COMMUNICATIONS GROUP COM 222814204 1079 24750.00 SH SOLE 24750.00
CSG SYSTEMS INTERNATIONAL INC. COM 126349109 795 29000.00 SH SOLE 29000.00
CULLEN FROST BANC COM 229899109 528 21100.00 SH SOLE 21100.00
CVS CORP COM 126650100 3704 90763.00 SH SOLE 90763.00
DELL COMPUTER COM 247025109 372 8885.00 SH SOLE 8885.00
DIAMONDS TRUST SERIES I COM 252787106 740 7139.00 SH SOLE 7139.00
DUKE ENERGY CORP. COM 264399106 345 6256.00 SH SOLE 6256.00
DUPONT COM 263534109 4532 74904.00 SH SOLE 74904.00
EDEN ROC MINERAL CORP COM 279900104 6 100000.00SH SOLE 100000.00
ELECTRONICS FOR IMAGING INC COM 286082102 1254 24400.00 SH SOLE 24400.00
EMC CORPORATION COM 268648102 1600 22410.00 SH SOLE 22410.00
EMERSON ELEC CO COM 291011104 5810 91944.00 SH SOLE 91944.00
ESTEE LAUDER COMPANIES-CL A COM 518439104 204 5230.00 SH SOLE 5230.00
EXXON CORP COM 302290101 6473 85171.00 SH SOLE 85171.00
FANNIE MAE COM 313586109 6053 96554.00 SH SOLE 96554.00
FIFTH THIRD BANCORP COM 316733100 201 3310.00 SH SOLE 3310.00
FORD MOTOR CO. COM 345370100 4189 83355.00 SH SOLE 83355.00
FRONTIER INSURANCE GRP INC. COM 359081106 133 15245.00 SH SOLE 15245.00
GEMSTAR INTL GROUP LTD ORD COM g3788v106 336 4300.00 SH SOLE 4300.00
GENERAL ELECTRIC COM 369604103 9830 82911.00 SH SOLE 82911.00
GILLETTE CO COM 375766102 2990 88094.00 SH SOLE 88094.00
GLAXO HLDS PLC COM 37733w105 5158 99188.00 SH SOLE 99188.00
GLOBAL CROSSING LTD COM g3921a100 1675 63195.35 SH SOLE 63195.35
GRANITE BROADCASTING CORP. COM 387241102 151 13550.00 SH SOLE 13550.00
GTE CORPORATION COM 362320103 7185 93464.00 SH SOLE 93464.00
HARMONIC, INC. COM 413160102 1217 9300.00 SH SOLE 9300.00
HEWLETT PACKARD COM 428236103 860 9479.00 SH SOLE 9479.00
HMT TECHNOLOGY CORP COM 403917107 97 27609.00 SH SOLE 27609.00
HOME DEPOT INC COM 437076102 7081 103181.00SH SOLE 103181.00
HYPERION SOLUTIONS CORP COM 44914m104 1156 52535.00 SH SOLE 52535.00
I2 TECHNOLOGIES INC COM 465754109 1429 36810.00 SH SOLE 36810.00
ILLINOIS TOOL WORKS INC COM 452308109 324 4345.00 SH SOLE 4345.00
INGERSOLL RAND CO COM 456866102 388 7068.00 SH SOLE 7068.00
INKTOMI CORP COM 457277101 1038 8645.00 SH SOLE 8645.00
INTEL CORPORATION COM 458140100 10039 135099.00SH SOLE 135099.00
INTERNATIONAL BUSINESS MACHINE COM 459200101 1102 9105.00 SH SOLE 9105.00
INTERPUBLIC GROUP COS INC COM 460690100 205 4980.00 SH SOLE 4980.00
INTL NETWORK SERVICES COM 460053101 1049 19292.00 SH SOLE 19292.00
JOHN DEERE & CO COM 244199105 6246 161461.00SH SOLE 161461.00
JOHNSON & JOHNSON COM 478160104 7073 76983.00 SH SOLE 76983.00
LATTICE SEMICONDUCTOR CORP. COM 518415104 1300 43800.00 SH SOLE 43800.00
LEGATO SYSTEMS INC. COM 524651106 2579 59150.00 SH SOLE 59150.00
LUCENT COM 549463107 11044 170231.00SH SOLE 170231.00
MARSHALL MINERALS COM 572489201 17 24000.00 SH SOLE 24000.00
MCDONALDS CORP. COM 580135101 419 9686.00 SH SOLE 9686.00
MEDTRONIC COM 585055106 421 11840.00 SH SOLE 11840.00
MERCK & CO. INC. COM 589331107 867 13378.71 SH SOLE 13378.71
MERCURY INTERACTIVE CORP COM 589405109 1806 27975.00 SH SOLE 27975.00
MICROCHIP TECHNOLOGY INC COM 595017104 1683 32750.00 SH SOLE 32750.00
MICROCIDE PHARMACEUTICALS COM 595018102 152 21661.00 SH SOLE 21661.00
MICROSOFT CORP COM 594918104 13586 150019.00SH SOLE 150019.00
MMC NETWORKS INC COM 55308n102 2614 83804.00 SH SOLE 83804.00
MOBIL CORP COM 607059102 848 8418.00 SH SOLE 8418.00
MUTUAL RISK MANAGEMENT LTD. COM 628351108 197 16098.00 SH SOLE 16098.00
NABISCO HOLDINGS CORP-CL A COM 629526104 4507 130392.00SH SOLE 130392.00
NASDAQ-100 SHARES COM 631100104 273 2271.00 SH SOLE 2271.00
NEUROCRINE BIOSCIENCES INC COM 64125c109 113 19600.00 SH SOLE 19600.00
NEW ERA OF NETWORKS INC. COM 644312100 541 25000.00 SH SOLE 25000.00
NEXTEL COMMUNICATIONS INC-A COM 65332v103 203 3000.00 SH SOLE 3000.00
NORTEL NETWORKS CORPORATION COM 656569100 1072 21028.00 SH SOLE 21028.00
NVIDIA CORP COM 67066g104 741 38499.00 SH SOLE 38499.00
ORACLE CORPORATION COM 68389x105 370 8135.00 SH SOLE 8135.00
P.F. CHANGS CHINA BISTRO INC COM 69333y108 212 9784.00 SH SOLE 9784.00
PARAMETRIC TECHNOLOGY CORP. COM 699173100 505 37376.00 SH SOLE 37376.00
PAYCHEX COM 704326107 7236 212043.00SH SOLE 212043.00
PEDIATRIX MEDICAL GROUP INC COM 705324101 139 10000.00 SH SOLE 10000.00
PEPSICO COM 713448108 4996 163809.00SH SOLE 163809.00
PFIZER INC COM 717081103 5654 157613.00SH SOLE 157613.00
PHYCOR INC COM 71940f100 105 23957.00 SH SOLE 23957.00
PILOT NETWORK SERVICES INC COM 721596104 287 31040.00 SH SOLE 31040.00
PLEXUS CORP COM 729132100 1341 43790.00 SH SOLE 43790.00
PROCTER & GAMBLE CO. COM 742718109 655 6987.00 SH SOLE 6987.00
RATIONAL SOFTWARE COM 75409p202 1018 34780.00 SH SOLE 34780.00
REMEDY CORP. COM 759548100 2400 84579.00 SH SOLE 84579.00
RSA SECURITY INC COM 749719100 866 32616.00 SH SOLE 32616.00
S&P 500 DEPOSITORY RECEIPT COM 78462f103 755 5864.00 SH SOLE 5864.00
SABRATEK CORPORATION COM 78571u108 100 35395.00 SH SOLE 35395.00
SBC COMMUNICATIONS INC. COM 78387g103 609 11918.00 SH SOLE 11918.00
SCHERING -PLOUGH CORP COM 806605101 280 6410.00 SH SOLE 6410.00
SCHLUMBERGER LTD COM 806857108 279 4480.00 SH SOLE 4480.00
SECURE COMPUTING CORPORATION COM 813705100 295 94322.00 SH SOLE 94322.00
SPRINT CORP (FON GROUP) COM 852061100 204 3755.00 SH SOLE 3755.00
STAPLES INC COM 855030102 293 13420.00 SH SOLE 13420.00
SUN MICROSYSTEMS INC. COM 866810104 239 2567.00 SH SOLE 2567.00
TERAYON COMMUNICATION SVS COM 880775101 812 16607.00 SH SOLE 16607.00
TEXACO INC COM 881694103 5844 92578.00 SH SOLE 92578.00
TEXAS INSTRUMENTS INC. COM 882508104 433 5270.00 SH SOLE 5270.00
TYCO INTERNATIONAL LTD COM 902124106 270 2611.00 SH SOLE 2611.00
U. S. ONCOLOGY INC COM 90338w103 382 42100.00 SH SOLE 42100.00
UNION PLANTERS CORP. COM 908068109 408 10000.00 SH SOLE 10000.00
USWEB CORP. COM 917327108 1054 30725.00 SH SOLE 30725.00
VIGNETTE CORPORATION COM 926734104 5235 57841.00 SH SOLE 57841.00
VINTAGE PETE INC COM 927460105 7577 561294.00SH SOLE 561294.00
VIROPHARMA INC COM 928241108 201 9005.00 SH SOLE 9005.00
VIVID TECHNOLOGIES INC COM 928538107 229 63259.00 SH SOLE 63259.00
WAL-MART COM 931142103 468 9830.00 SH SOLE 9830.00
WALT DISNEY COM COM 254687106 4008 154153.00SH SOLE 154153.00
WELLS FARGO & CO COM 949746101 7250 182954.00SH SOLE 182954.00
WINSTAR COMMUNICATIONS INC. COM 975515107 955 24461.00 SH SOLE 24461.00
WORLDCOM INC COM 55268b106 6204 86323.00 SH SOLE 86323.00
YAHOO INC COM 984332106 1718 9573.00 SH SOLE 9573.00
ZAMBA CORPORATION COM 988881108 50 23475.00 SH SOLE 23475.00
CADBURY SCHWEPPE PREF SER A PFD 127207207 268 10675 SH SOLE 10675
PACIFICORP PREF PFD 695114629 257 10475 SH SOLE 10475
TCI COMMUNICATION FIN PFD A PFD 872286208 308 11850 SH SOLE 11850
AUTOMATIC CM SEC CONV PFD CV PFD 05300a202 165 12550 SH SOLE 12550
INGERSOLL-RAND INCOME PRIDES CV PFD 456867209 263 10000 SH SOLE 10000
MONSANTO CO PFD 6.5% CV PFD 611662305 352 9775 SH SOLE 9775
RALSTON PURINA PFD CV PFD 751277401 290 6175 SH SOLE 6175
PUTNAM HIGH YIELD TRUST II-B MUT FD 746763853 86 11610.887SH SOLE 11610.887
VANGUARD INSTITUTIONAL INDEX MUT FD 922040100 12488 106389.008SH SOLE 106389.008
VANGUARD TOTAL INTL STOCK INDE MUT FD 921909602 5265 428066.986SH SOLE 428066.986
TELEBRAS PROGROS SECS 590188629 144 18000.0000SH SOLE 18000.0000
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