UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 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 August 4, 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: 108
Form 13F Information Table Value Total: $260,921
List of Other Included Managers: 0
No. 13F File Number Name
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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 19 25000 PRN SOLE 25000
OFFICE DEPOT, INC. LYON CORP PFD 676220ab2 25 30000 PRN SOLE 30000
PEP BOYS LYON CORP PFD 713278aj8 8 15000 PRN SOLE 15000
QUANEX CORP. CONVERTIBLE CORP PFD 747620ac6 10 10000 PRN SOLE 10000
TIMES MIRROR CO. CONV CORP PFD 887364ae7 65 140000 PRN SOLE 140000
ABACUS DIRECT CORP. COM 002553105 1917 20954.00 SH SOLE 20954.00
ABBOTT LABORATORIES COM 002824100 5599 123390.00SH SOLE 123390.00
ACTION PERFORMANCE COS. INC. COM 004933107 561 17000.00 SH SOLE 17000.00
AMER HOME PRODUCTS COM 026609107 6490 113111.00SH SOLE 113111.00
AMERICAN INT'L GROUP COM 026874107 7661 65336.00 SH SOLE 65336.00
AMERIPATH INC COM 03071d109 104 12104.00 SH SOLE 12104.00
APPLIED MATERIALS INC COM 038222105 739 10000.00 SH SOLE 10000.00
AT HOME CORP - SER A COM 045919107 2876 53314.01 SH SOLE 53314.01
AT&T CORP COM 001957109 308 5517.00 SH SOLE 5517.00
AURORA BIOSCIENCES CORP COM 051920106 295 40729.00 SH SOLE 40729.00
BANK OF AMERICA CORP COM 060505104 425 5803.00 SH SOLE 5803.00
BANK OF NEW YORK COM 064057102 6498 177131.00SH SOLE 177131.00
BANK ONE CORP. COM 06423a103 5913 99280.00 SH SOLE 99280.00
BELLSOUTH CORP COM 079860102 344 7464.00 SH SOLE 7464.00
BLYTH INDUSTRIES COM 09643p108 639 18800.00 SH SOLE 18800.00
CBS CORPORATION COM 12490k107 5215 119712.00SH SOLE 119712.00
CENTURA BANKS, INC. COM 15640t100 526 9325.00 SH SOLE 9325.00
CIENA CORPORATION COM 171779101 3698 122492.00SH SOLE 122492.00
CISCO SYSTEMS INC COM 17275r102 2747 42720.00 SH SOLE 42720.00
CITIGROUP COM 172967101 246 5187.00 SH SOLE 5187.00
COLGATE PALMOLIVE COM 194162103 5736 58234.00 SH SOLE 58234.00
COLUMBUS MCKINNON CORP. COM 199333105 432 18000.00 SH SOLE 18000.00
COMPAQ COMPUTER CORP COM 204493100 4550 192094.00SH SOLE 192094.00
CONCORD COMMUNICATIONS INC. COM 206186108 1898 42176.00 SH SOLE 42176.00
CORNING INC COM 219350105 7756 110598.50SH SOLE 110598.50
CSG SYSTEMS INTERNATIONAL INC. COM 126349109 634 24200.00 SH SOLE 24200.00
CULLEN FROST BANC COM 229899109 579 21000.00 SH SOLE 21000.00
CVS CORP COM 126650100 4164 82045.00 SH SOLE 82045.00
DIAMONDS TRUST SERIES I COM 252787106 379 3462.00 SH SOLE 3462.00
DUKE ENERGY CORP. COM 264399106 341 6256.00 SH SOLE 6256.00
DUPONT COM 263534109 4430 64846.00 SH SOLE 64846.00
E-TEK DYNAMICS INC COM 269240107 363 7627.00 SH SOLE 7627.00
ELECTRONICS FOR IMAGING INC COM 286082102 1254 24400.00 SH SOLE 24400.00
EMC CORPORATION COM 268648102 880 16000.00 SH SOLE 16000.00
EMERSON ELEC CO COM 291011104 5299 84190.00 SH SOLE 84190.00
EXXON CORP COM 302290101 5792 75098.00 SH SOLE 75098.00
FANNIE MAE COM 313586109 5738 84070.00 SH SOLE 84070.00
FIRST TENNESSEE NATL CORP COM 337162101 306 8000.00 SH SOLE 8000.00
FORD MOTOR CO. COM 345370100 3772 66828.00 SH SOLE 66828.00
FRONTIER INSURANCE GRP INC. COM 359081106 385 25045.00 SH SOLE 25045.00
GENERAL ELECTRIC COM 369604103 7768 68747.00 SH SOLE 68747.00
GILLETTE CO COM 375766102 3046 74299.00 SH SOLE 74299.00
GLAXO HLDS PLC COM 37733w105 4917 86843.00 SH SOLE 86843.00
GRANITE BROADCASTING CORP. COM 387241102 107 13650.00 SH SOLE 13650.00
GTE CORPORATION COM 362320103 6536 86571.00 SH SOLE 86571.00
HARMONIC, INC. COM 413160102 1132 19700.00 SH SOLE 19700.00
HEWLETT PACKARD COM 428236103 789 7855.00 SH SOLE 7855.00
HMT TECHNOLOGY CORP COM 403917107 52 20897.00 SH SOLE 20897.00
HOME DEPOT INC COM 437076102 6057 94006.00 SH SOLE 94006.00
HYPERION SOLUTIONS CORP COM 44914m104 754 42335.00 SH SOLE 42335.00
I2 TECHNOLOGIES INC COM 465754109 1580 36750.00 SH SOLE 36750.00
INGERSOLL RAND CO COM 456866102 463 7162.00 SH SOLE 7162.00
INKTOMI CORP COM 457277101 1134 8620.00 SH SOLE 8620.00
INTEL CORPORATION COM 458140100 6980 117314.00SH SOLE 117314.00
INTERNATIONAL BUSINESS MACHINE COM 459200101 679 5250.00 SH SOLE 5250.00
JOHN DEERE & CO COM 244199105 6262 159806.00SH SOLE 159806.00
JOHNSON & JOHNSON COM 478160104 6816 69547.00 SH SOLE 69547.00
LATTICE SEMICONDUCTOR CORP. COM 518415104 1360 21850.00 SH SOLE 21850.00
LEGATO SYSTEMS INC. COM 524651106 1510 26150.00 SH SOLE 26150.00
LUCENT COM 549463107 10752 159439.00SH SOLE 159439.00
MERCK & CO. INC. COM 589331107 373 5068.48 SH SOLE 5068.48
MERCURY INTERACTIVE CORP COM 589405109 955 27000.00 SH SOLE 27000.00
MICROCHIP TECHNOLOGY INC COM 595017104 1549 32700.00 SH SOLE 32700.00
MICROCIDE PHARMACEUTICALS COM 595018102 102 21661.00 SH SOLE 21661.00
MICROSOFT CORP COM 594918104 8738 96893.00 SH SOLE 96893.00
MMC NETWORKS INC COM 55308n102 2884 64443.00 SH SOLE 64443.00
MOBIL CORP COM 607059102 4322 43763.00 SH SOLE 43763.00
MOTOROLA INC. COM 620076109 7096 74888.00 SH SOLE 74888.00
MUTUAL RISK MANAGEMENT LTD. COM 628351108 537 16098.00 SH SOLE 16098.00
NABISCO HOLDINGS CORP-CL A COM 629526104 4964 115442.00SH SOLE 115442.00
NEUROCRINE BIOSCIENCES INC COM 64125c109 102 19600.00 SH SOLE 19600.00
NEW ERA OF NETWORKS INC. COM 644312100 958 21800.00 SH SOLE 21800.00
NEXTEL COMMUNICATIONS INC-A COM 65332v103 315 6284.00 SH SOLE 6284.00
PARAMETRIC TECHNOLOGY CORP. COM 699173100 521 37526.00 SH SOLE 37526.00
PAYCHEX COM 704326107 571 17903.00 SH SOLE 17903.00
PEDIATRIX MEDICAL GROUP INC COM 705324101 212 10000.00 SH SOLE 10000.00
PEOPLESOFT INC. COM 712713106 172 10000.00 SH SOLE 10000.00
PEPSICO COM 713448108 5626 145416.00SH SOLE 145416.00
PFIZER INC COM 717081103 4990 45778.00 SH SOLE 45778.00
PILOT NETWORK SERVICES INC COM 721596104 305 31040.00 SH SOLE 31040.00
POLYCOM INC COM 73172k104 405 10377.00 SH SOLE 10377.00
POWERWAVE TECHNOLOGIES INC COM 739363109 398 12335.00 SH SOLE 12335.00
RATIONAL SOFTWARE COM 75409p202 1142 34680.00 SH SOLE 34680.00
REMEDY CORP. COM 759548100 2270 84454.00 SH SOLE 84454.00
S&P 500 DEPOSITORY RECEIPT COM 78462f103 359 2617.00 SH SOLE 2617.00
SEAMED CORP COM 81218q100 1286 109476.00SH SOLE 109476.00
TEXACO INC COM 881694103 5103 81808.00 SH SOLE 81808.00
U. S. ONCOLOGY INC COM 90338w103 505 42100.00 SH SOLE 42100.00
USWEB CORP. COM 917327108 679 30600.00 SH SOLE 30600.00
VIGNETTE CORPORATION COM 926734104 840 11200.00 SH SOLE 11200.00
VINTAGE PETE INC COM 927460105 5543 515673.00SH SOLE 515673.00
WALT DISNEY COM COM 254687106 4044 131258.00SH SOLE 131258.00
WELLS FARGO & CO COM 949746101 6874 160793.00SH SOLE 160793.00
WINSTAR COMMUNICATIONS INC. COM 975515107 1186 24336.00 SH SOLE 24336.00
WORLDCOM INC COM 55268b106 6149 71445.01 SH SOLE 71445.01
YAHOO INC COM 984332106 708 4110.00 SH SOLE 4110.00
CADBURY SCHWEPPE PREF SER A PFD 127207207 231 9075 SH SOLE 9075
PACIFICORP PREF PFD 695114629 238 9475 SH SOLE 9475
TCI COMMUNICATION FIN PFD A PFD 872286208 316 11850 SH SOLE 11850
INGERSOLL-RAND INCOME PRIDES CV PFD 456867209 309 10300 SH SOLE 10300
MONSANTO CO PFD 6.5% CV PFD 611662305 380 9475 SH SOLE 9475
RALSTON PURINA PFD CV PFD 751277401 232 5000 SH SOLE 5000
TELEBRAS PROGROS SECS 590188629 122 15000.0000SH SOLE 15000.0000
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