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
</TABLE>
