UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for 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: Burnham, Sullivan & Associates
Address: 146 Monroe Center
Suite 1426
Grand Rapids, Michigan 49503
13F File Number: 801-38037
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: Sandy L. Burnham
Title: Secretary/Treasurer
Phone: 616-459-1043
Signature, Place, and Date of Signing:
Sandy L. Burnham Grand Rapids, Michigan May 21, 1999
Report Type (Check only one) :
[ X] 13f HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager :
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
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FORM 13F SUMMARY PAGE
AS OF DATE: 03/31/99
RUN DATE: 05/19/99 7:47 A.M.
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 246
FORM 13F INFORMATION TABLE VALUE TOTAL: $327,739,000
LIST OF OTHER INCLUDED MANAGERS:
NO. 13F FILE NUMBER NAME
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<TABLE>
<C> <C>
FORM 13F INFORMATION TABLE
AS OF DATE: 03/31/99
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
ABBOTT LABS COM 002824100 7847 167635 SH SOLE 167635 0 0
ABN AMRO CAP FUND TST II 7.125 PREFERRED STOCKS 00371T206 1733 69300 SH SOLE 69300 0 0
ADC TELECOMMUNICATION INC COM COM 000886101 4228 88660 SH SOLE 88660 0 0
AIR & WATER TECH CVT SUB DE 8. CONVERTIBLE BOND 009058AA6 182 260000 PRN SOLE 260000 0 0
AIRBORNE FGHT CORP COM COM 009266107 372 12000 SH SOLE 12000 0 0
ALLIANCE CAP MGMT LP UT LTD PT COM 018548107 246 9700 SH SOLE 9700 0 0
ALLIED SIGNAL INC COM 019512102 205 4164 SH SOLE 4164 0 0
ALLSTATE FINANCING I 7.95% PRE PREFERRED STOCKS 020013207 741 29000 SH SOLE 29000 0 0
ALTERNATIVE LIVING SERVICES COM 02145K107 394 19700 SH SOLE 19700 0 0
ALTERNATIVE LIVING SVCS INC 5. CONVERTIBLE BOND 02145KAB3 63 70000 PRN SOLE 70000 0 0
ALZA CORP 5.000% 05/01/06 CONVERTIBLE BOND 022615AD0 23 20000 PRN SOLE 20000 0 0
AMCORE FINL INC COM 023912108 207 10000 SH SOLE 10000 0 0
AMERICAN EXPRESS CO COM 025816109 683 5800 SH SOLE 5800 0 0
AMERICAN HOME PRODS CORP COM 026609107 543 8320 SH SOLE 8320 0 0
AMERICAN INTL GROUP INC COM 026874107 997 8266 SH SOLE 8266 0 0
AMERICAN ITALIAN PASTA CO CL A COM 027070101 759 30350 SH SOLE 30350 0 0
AMERICAN PWR CONVERSION CORPCO COM 029066107 385 14275 SH SOLE 14275 0 0
AMERICAN WTR WKS INC COM 030411102 652 22400 SH SOLE 22400 0 0
AMERITECH CORP NEW COM COM 030954101 1377 23888 SH SOLE 23888 0 0
AMGEN INC COM 031162100 3220 43010 SH SOLE 43010 0 0
AMSOUTH BANCORP COM 032165102 4854 106690 SH SOLE 106690 0 0
ANCHOR BANCORP WIS INC COM 032839102 507 32984 SH SOLE 32984 0 0
ARMSTRONG WORLD 7.450% PFD PREFERRED STOCKS 042476606 338 13500 SH SOLE 13500 0 0
ASSOCIATED BANC CORP COM COM 045487105 678 21220 SH SOLE 21220 0 0
AT & T CORP. COM 001957109 2003 37645 SH SOLE 37645 0 0
ATOPIX COM 777777777 240 160000 SH SOLE 160000 0 0
AT&T CAP CORP 8.125% PFD PREFERRED STOCKS 00206J308 1207 46300 SH SOLE 46300 0 0
AT&T CAP CORP 8.25% PFD 11/15/ PREFERRED STOCKS 00206J209 2149 83050 SH SOLE 83050 0 0
AVON PRODUCTS INC COM 054303102 419 8900 SH SOLE 8900 0 0
BANK OF MONTREAL COM 063671101 537 13330 SH SOLE 13330 0 0
BANK ONE CORP COM COM 06423A103 1260 22875 SH SOLE 22875 0 0
BANK UTD CORP CL A COM 065412108 343 8400 SH SOLE 8400 0 0
BAY VIEW CAP CORP COM COM 07262L101 198 10500 SH SOLE 10500 0 0
BELLSOUTH CORP COM COM 079860102 609 15195 SH SOLE 15195 0 0
BERKSHIRE HATHAWAY INC DEL CL COM 084670207 242 103 SH SOLE 103 0 0
BIO TECHNOLOGY GEN CORP COM COM 090578105 149 25000 SH SOLE 25000 0 0
BIOGEN N V COM 090597105 544 4760 SH SOLE 4760 0 0
BIOMET INC COM COM 090613100 419 10000 SH SOLE 10000 0 0
BMC SOFTWARE INC COM COM 055921100 322 8700 SH SOLE 8700 0 0
BOSTON CHICKEN 7.750% 05/01/04 CONVERTIBLE BOND 100578AC7 1 20000 PRN SOLE 20000 0 0
BOSTON SCIENTIFIC CORP COM 101137107 685 16850 SH SOLE 16850 0 0
BRISTOL MYERS SQUIBB CO COM COM 110122108 3648 56888 SH SOLE 56888 0 0
CAMPBELL SOUP CO COM 134429109 2044 50246 SH SOLE 50246 0 0
CAPITAL ONE FINL CORP COM COM 14040H105 340 2250 SH SOLE 2250 0 0
CAPITOL TR I 8.50% PREFERRED PREFERRED STOCKS 14064B208 613 60500 SH SOLE 60500 0 0
CENTURY TEL ENTERPRISES COM 156686107 548 11700 SH SOLE 11700 0 0
CHAMPION ENTERPRISES INC COM COM 158496109 268 13850 SH SOLE 13850 0 0
CHASE MANHATTAN CORP NEW COM COM 16161A108 431 5302 SH SOLE 5302 0 0
CHEMICAL FINL CORP COM COM 163731102 282 8812 SH SOLE 8812 0 0
CISCO SYS INC COM 17275R102 3675 33539 SH SOLE 33539 0 0
CITIGROUP CAP I TR PF SECS 8.0 PREFERRED STOCKS 17305F201 468 18300 SH SOLE 18300 0 0
CITIGROUP INC. COM 172967101 1325 20750 SH SOLE 20750 0 0
CITIZENS BANKING CORP MI COM COM 174420109 641 17798 SH SOLE 17798 0 0
COCA COLA CO COM 191216100 1612 26259 SH SOLE 26259 0 0
COLUMBIA BKG SYS INC COM COM 197236102 2312 161873 SH SOLE 161873 0 0
COMERICA INC COM 200340107 532 8519 SH SOLE 8519 0 0
COMMERCIAL FEDERAL CORP COM COM 201647104 383 16526 SH SOLE 16526 0 0
COMPAQ COMPUTER CORP COM 204493100 1848 58308 SH SOLE 58308 0 0
COMPUTER ASSOC INTL INC COM COM 204912109 359 10100 SH SOLE 10100 0 0
COSTCO COS INC COM COM 22160Q102 632 6900 SH SOLE 6900 0 0
CRYOLIFE INC COM COM 228903100 254 23100 SH SOLE 23100 0 0
CSC HLDGS INC DP SH REP1/10 I CONVERTIBLE PREF 126304203 335 3000 SH SOLE 3000 0 0
DISNEY WALT PRODTNS COM 254687106 2641 84838 SH SOLE 84838 0 0
DU PONT E I DE NEMOURS CO COM 263534109 472 8130 SH SOLE 8130 0 0
ECI TELECOM LTD COM COM 268258100 354 10100 SH SOLE 10100 0 0
ENRON CAP TR 8.125% PFD PREFERRED STOCKS 29357P201 242 9500 SH SOLE 9500 0 0
ENRON CORP COM COM 293561106 657 10230 SH SOLE 10230 0 0
EQUITABLE IOWA 8.700% PFD 07/3 PREFERRED STOCKS 294513205 521 20750 SH SOLE 20750 0 0
EQUITABLE RESOURCES 7.35% 4/15 PREFERRED STOCKS 294550207 336 13500 SH SOLE 13500 0 0
ERICSSON L M TEL CO ADR CL B S COM 294821400 3098 130106 SH SOLE 130106 0 0
EXXON CORP COM 302290101 484 6865 SH SOLE 6865 0 0
FARMERS GROUP 8.25% PFD PREFERRED STOCKS 309900207 636 25000 SH SOLE 25000 0 0
FARMERS GROUP CAPITAL 8.45% PF PREFERRED STOCKS 309593200 886 34750 SH SOLE 34750 0 0
FCNB CAP TR TR PFD SECS % PREFERRED STOCKS 30243V204 725 28000 SH SOLE 28000 0 0
FDX CORP COM COM 31304N107 438 9410 SH SOLE 9410 0 0
FEDERAL NAT MORTGAGE ASSN COM 313586109 406 5864 SH SOLE 5864 0 0
FIRST MIDWEST BANCORP COM COM 320867104 1513 39809 SH SOLE 39809 0 0
FIRST OAK BROOK BANCSHARES CL COM 335847208 1691 96952 SH SOLE 96952 0 0
FIRST SEC CORP DEL COM 336294103 5211 269833 SH SOLE 269833 0 0
FIRST UNION CORP COM 337358105 1988 37210 SH SOLE 37210 0 0
FIRST VA BKS INC COM COM 337477103 895 19600 SH SOLE 19600 0 0
FIRST WEST BANCORP 9.375% PFD PREFERRED STOCKS 302681200 379 37000 SH SOLE 37000 0 0
FIRSTBANK CORP MICH COM COM 33761G104 1079 36873 SH SOLE 36873 0 0
FISERV INC COM COM 337738108 795 22251 SH SOLE 22251 0 0
FLORIDA PROGRESS CORP COM 341109106 482 12761 SH SOLE 12761 0 0
FNB ROCHESTER CORP COM COM 302908108 323 10100 SH SOLE 10100 0 0
FORT JAMES CORPORATION COM 347471104 444 14000 SH SOLE 14000 0 0
FRANKLIN BK N A SOUTHFIELD COM COM 352456107 126 12633 SH SOLE 12633 0 0
FRANKLIN RES INC COM 354613101 629 22350 SH SOLE 22350 0 0
GENERAL ELEC CO COM 369604103 2409 21773 SH SOLE 21773 0 0
GENERAL MILLS INC COM 370334104 546 7230 SH SOLE 7230 0 0
GILLETTE CO COM 375766102 3909 65770 SH SOLE 65770 0 0
GRUPO FINANCIERO BANCOMER SA D FOREIGN COMMON S P4949K138 9 28000 SH SOLE 28000 0 0
GTE CORP COM 362320103 888 14675 SH SOLE 14675 0 0
GTE DELAWARE 9.25% SER A MIPS PREFERRED STOCKS 36232E202 720 28250 SH SOLE 28250 0 0
GUIDANT CORP COM COM 401698105 1058 17481 SH SOLE 17481 0 0
HALLIBURTON CO COM 406216101 403 10475 SH SOLE 10475 0 0
HARRIS CAP 7.375% PFD SER A PREFERRED STOCKS 414567206 399 15800 SH SOLE 15800 0 0
HARTFORD LIFE 7.20% 06/30/38 S PREFERRED STOCKS 416590206 344 13600 SH SOLE 13600 0 0
HARTFORD LIFE INC CL A COM 416592103 553 10050 SH SOLE 10050 0 0
HAWAIIAN ELECTRIC 8.36% PFD PREFERRED STOCKS 41987M201 368 14500 SH SOLE 14500 0 0
HA-LO INDS INC COM COM 404429102 131 10650 SH SOLE 10650 0 0
HEALTHSOUTH CORP COM COM 421924101 295 28400 SH SOLE 28400 0 0
HEINZ, H J COMPANY COM 423074103 353 7455 SH SOLE 7455 0 0
HERSHEY FOODS CORP COM 427866108 334 5950 SH SOLE 5950 0 0
HEWLETT PACKARD CO COM 428236103 610 8990 SH SOLE 8990 0 0
HOME DEPOT INC COM 437076102 1666 26766 SH SOLE 26766 0 0
HOME PORT BANCORP INC COM COM 437304108 219 9800 SH SOLE 9800 0 0
HOUSTON LIGHT & POWER CAP TRUS PREFERRED STOCKS 404202202 498 19500 SH SOLE 19500 0 0
HUBCO INC COM COM 404382103 781 23256 SH SOLE 23256 0 0
HUNTINGTON BANCSHARES INC COM COM 446150104 592 19147 SH SOLE 19147 0 0
ICG COMMUNICATIONS INC COM COM 449246107 485 24250 SH SOLE 24250 0 0
IMMUNEX CORP NEW COM COM 452528102 416 5000 SH SOLE 5000 0 0
INCYTE PHARMACEUTICALS INC COM COM 45337C102 447 22300 SH SOLE 22300 0 0
INTEL CORP COM 458140100 4661 78426 SH SOLE 78426 0 0
INTERNATIONAL BUSINESS MACHINE COM 459200101 6215 35062 SH SOLE 35062 0 0
INTERWEST BANCORP INC COM 460931108 243 10200 SH SOLE 10200 0 0
INTL PAPER CAP 7.875% PFD PREFERRED STOCKS 460140205 647 25500 SH SOLE 25500 0 0
IONICS INC COM COM 462218108 559 18550 SH SOLE 18550 0 0
ITT HARTFORD CAPITAL QUIPS 7.7 PREFERRED STOCKS 416315208 341 13400 SH SOLE 13400 0 0
JOHNSON & JOHNSON COM 478160104 6868 73450 SH SOLE 73450 0 0
KELLOGG CO COM 487836108 1933 57167 SH SOLE 57167 0 0
LEXMARK INTL GROUP INC CL A COM 529771107 660 5900 SH SOLE 5900 0 0
LILLY ELI & CO COM 532457108 4838 57006 SH SOLE 57006 0 0
LUCENT TECHNOLOGIES COM 549463107 3975 73619 SH SOLE 73619 0 0
MARRIOTT INTL INC NEW CL A COM 571903202 373 11100 SH SOLE 11100 0 0
MATRITECH INC COM COM 576818108 238 152100 SH SOLE 152100 0 0
MBNA CORP COM 55262L100 474 19833 SH SOLE 19833 0 0
MCI WORLDCOM COM 55268B106 8549 96536 SH SOLE 96536 0 0
MCKESSON HBOC INC. COM 58155Q103 1510 22882 SH SOLE 22882 0 0
MCN CORP COM 55267J100 168 10484 SH SOLE 10484 0 0
MCN CORP PFD (PRIDES) 8.750% 0 CONVERTIBLE PREF 55267J209 499 28800 SH SOLE 28800 0 0
MCN FINANCING I 8.625% PREFERR PREFERRED STOCKS 55268J208 753 29300 SH SOLE 29300 0 0
MCN-MI 9.375% CUM PFD SER A PREFERRED STOCKS 55268M201 1627 63950 SH SOLE 63950 0 0
MEDIAONE FING B TR ORG PFD 8.2 PREFERRED STOCKS 583938204 773 30700 SH SOLE 30700 0 0
MEDTRONIC INC COM 585055106 3500 48698 SH SOLE 48698 0 0
MELLON BK CORP COM COM 585509102 2030 57700 SH SOLE 57700 0 0
MERCANTILE BANCORPORATION COM COM 587342106 228 4806 SH SOLE 4806 0 0
MERCHANTS & MFRS BANCORP INCCO COM 588327106 670 15950 SH SOLE 15950 0 0
MERCK & CO COM 589331107 9895 123489 SH SOLE 123489 0 0
MERRILL LYNCH CAP TR III 7.00% PREFERRED STOCKS 59021F206 223 9000 SH SOLE 9000 0 0
MGIC INVT CORP WIS COM COM 552848103 485 13830 SH SOLE 13830 0 0
MICROSOFT CORP COM 594918104 11471 127984 SH SOLE 127984 0 0
MOBIL CORP COM 607059102 526 5974 SH SOLE 5974 0 0
MOLEX INC COM COM 608554101 238 8100 SH SOLE 8100 0 0
MONROE BANCORP INC CDT-COM COM 610313108 154 11000 SH SOLE 11000 0 0
MONSANTO CO COM 611662107 2282 49675 SH SOLE 49675 0 0
MONTANA POWER 8.45% PREFERRED PREFERRED STOCKS 612083204 379 14500 SH SOLE 14500 0 0
MORGAN J P 7.95% 02/01/27 PREFERRED STOCKS 46623MAA9 933 9000 SH SOLE 9000 0 0
MORGAN J.P. & CO INC COM 616880100 549 4447 SH SOLE 4447 0 0
MORGAN STANLEY 8.20% PFD PREFERRED STOCKS 616906707 461 18050 SH SOLE 18050 0 0
NATIONAL AUSTRALIA BANK 8.00% PREFERRED STOCKS 628714206 1038 41000 SH SOLE 41000 0 0
NATIONAL CITY CORP COM COM 635405103 6793 102341 SH SOLE 102341 0 0
NETWORKS ASSOCS INC COM COM 640938106 1990 64855 SH SOLE 64855 0 0
NEWCOURT CR GROUP INC COM COM 650905102 306 11300 SH SOLE 11300 0 0
NORTH FORK BANCORP INC N Y COM COM 659424105 642 30400 SH SOLE 30400 0 0
NORTHERN TELECOM LTD COM COM 665815106 614 9880 SH SOLE 9880 0 0
NORTHWESTERN BANCORP - TRAVERS COM 667991103 380 3800 SH SOLE 3800 0 0
NOVARTIS AG - ADR COM 66987V109 2910 36043 SH SOLE 36043 0 0
NVID INTL INC COM COM 62944Y104 1 17000 SH SOLE 17000 0 0
OLD KENT FINANCIAL CORP COM 679833103 14859 351177 SH SOLE 351177 0 0
ORACLE SYS CORP COM 68389X105 417 15812 SH SOLE 15812 0 0
OTTAWA FINANCIAL CORP COM 689389104 2210 106508 SH SOLE 106508 0 0
PAC TEL PFD 7.56% PREFERRED STOCKS 694887209 733 29106 SH SOLE 29106 0 0
PACIFIC GAS & ELEC 7.90% PFD Q PREFERRED STOCKS 69331F200 624 24700 SH SOLE 24700 0 0
PACIFIC TELESIS FING II TOPS 8 PREFERRED STOCKS 694889205 413 16000 SH SOLE 16000 0 0
PEOPLE'S BANCSHARES 9.76% PREF PREFERRED STOCKS 709793202 773 74500 SH SOLE 74500 0 0
PEPSICO INC COM 713448108 1511 38561 SH SOLE 38561 0 0
PERKIN ELMER CORP COM 714041100 1194 12300 SH SOLE 12300 0 0
PFIZER INC COM 717081103 5556 40046 SH SOLE 40046 0 0
PLC SYS INC COM COM 69341D104 95 37000 SH SOLE 37000 0 0
PN HOLDINGS INC DELE COM 693464976 224 28000 SH SOLE 28000 0 0
PRICE T ROWE & ASSOC INC COM COM 741477103 447 13000 SH SOLE 13000 0 0
PROCTER & GAMBLE CO COM 742718109 3403 34742 SH SOLE 34742 0 0
PROFESSIONALS GROUP, INC COM 742954100 2603 99152 SH SOLE 99152 0 0
PROVIDENT BANKSHARES CORP COM COM 743859100 1232 49502 SH SOLE 49502 0 0
QUAKER OATS CO COM 747402105 1264 20300 SH SOLE 20300 0 0
QWEST COMMUNICATIONS INTL INCO COM 749121109 3425 47510 SH SOLE 47510 0 0
RELIANCE BANCORP INC COM COM 759451107 224 7800 SH SOLE 7800 0 0
RENAL CARE GROUP INC COM COM 759930100 912 46450 SH SOLE 46450 0 0
REPUBLIC BANCORP INC COM COM 760282103 295 22662 SH SOLE 22662 0 0
REPUBLIC SEC FINL CORP COM COM 760758102 1528 165159 SH SOLE 165159 0 0
ROCHE HOLDINGS DIV RT CERT COM 434990131 1413 116 SH SOLE 116 0 0
ROCHE HOLDINGS LTD-SPONS ADR COM 771195104 8719 71467 SH SOLE 71467 0 0
ROYAL BANK OF SCOTLAND 9.00% P PREFERRED STOCKS 780097705 284 10400 SH SOLE 10400 0 0
ROYAL BANK SCOTLAND 7.40% SER PREFERRED STOCKS 780097887 504 20300 SH SOLE 20300 0 0
ROYAL BK SCOTLAND GROUP PLC SP PREFERRED STOCKS 780097309 1110 42200 SH SOLE 42200 0 0
SAFEWAY INC COM NEW COM 786514208 983 19160 SH SOLE 19160 0 0
SAKS INC COM COM 79377W108 277 10666 SH SOLE 10666 0 0
SANTANDER FINANCE 7.79% PFD SE PREFERRED STOCKS YY5018790 308 12000 SH SOLE 12000 0 0
SARA LEE CORP COM COM 803111103 312 12588 SH SOLE 12588 0 0
SBC COMMUNICATIONS, INC COMMON COM 78387G103 310 6560 SH SOLE 6560 0 0
SCHERING PLOUGH CORP COM 806605101 10862 196591 SH SOLE 196591 0 0
SIDEWARE SYS INC COM COM 825907108 11 15000 SH SOLE 15000 0 0
SIERRA PACIFIC POWER 8.60 TOPR PREFERRED STOCKS 826433203 219 8500 SH SOLE 8500 0 0
SIERRAWEST BANCORP COM COM 826527103 788 24425 SH SOLE 24425 0 0
SKYTEL COMMUNICATIONS INC COM COM 83087Q104 175 10500 SH SOLE 10500 0 0
SMITHKLINE BEECHAM PLC ADR RPS COM 832378301 905 12651 SH SOLE 12651 0 0
SOLECTRON CORP COM COM 834182107 204 4200 SH SOLE 4200 0 0
SOUTHTRUST CORP COM 844730101 634 16984 SH SOLE 16984 0 0
SOUTHWEST GAS CAPITAL I 9.125% PREFERRED STOCKS 844887208 539 20900 SH SOLE 20900 0 0
SOUTHWESTERN PUBLIC SERVICE CA PREFERRED STOCKS 845739200 228 9000 SH SOLE 9000 0 0
SPDR TR COM 78462F103 200 1557 SH SOLE 1557 0 0
SSBH CAP I 7.20% PFD PREFERRED STOCKS 784646200 572 23100 SH SOLE 23100 0 0
ST PAUL BANCORP INC COM COM 792848103 1320 60959 SH SOLE 60959 0 0
STAAR SURGICAL CO COM NEW PAR$ COM 852312305 189 24450 SH SOLE 24450 0 0
STAPLES INC COM 855030102 635 19315 SH SOLE 19315 0 0
STEELCASE INC CL A COM 858155203 335 22026 SH SOLE 22026 0 0
STERLING COMM INC COM COM 859205106 1364 44350 SH SOLE 44350 0 0
STERLING FINL CORP WASH COM COM 859319105 257 16600 SH SOLE 16600 0 0
STRYKER CORP COM 863667101 2592 51385 SH SOLE 51385 0 0
SUN MICROSYSTEMS INC COM COM 866810104 1004 16050 SH SOLE 16050 0 0
SUNRISE ASSISTED LIVING INC CO COM 86768K106 538 11800 SH SOLE 11800 0 0
SUNTRUST BANKS INC COM COM 867914103 3004 48256 SH SOLE 48256 0 0
SYSCO CORP COM 871829107 533 20250 SH SOLE 20250 0 0
TCF FINL CORP COM 872275102 2190 84046 SH SOLE 84046 0 0
TELLABS INC COM 879664100 3394 69442 SH SOLE 69442 0 0
TEXAS INSTRUMENTS INC COM 882508104 1273 12831 SH SOLE 12831 0 0
TEXTRON CAPITAL 7.92% PREFERRE PREFERRED STOCKS 883198202 222 8800 SH SOLE 8800 0 0
TIME WARNER INC COM 887315109 426 6019 SH SOLE 6019 0 0
TRANSCANADA PIPE 8.50% PFD 9/3 PREFERRED STOCKS 893526756 309 11900 SH SOLE 11900 0 0
TRANSCANANDA PIPELINE 8.250% 1 PREFERRED STOCKS 893526723 561 22000 SH SOLE 22000 0 0
TRAVELERS P&C CAP 8.08% PREFER PREFERRED STOCKS 893931204 758 29800 SH SOLE 29800 0 0
TRIBUNE CO COM COM 896047107 5938 90750 SH SOLE 90750 0 0
TURBODYNE TECHNOLOGIES CORP CO COM 899905103 246 46500 SH SOLE 46500 0 0
UNILEVER N V NEW YORK SHS COM 904784501 266 4000 SH SOLE 4000 0 0
UNION PAC CORP COM 907818108 283 5300 SH SOLE 5300 0 0
UNION PLANTERS CORP COM COM 908068109 1424 32421 SH SOLE 32421 0 0
UNITED STATES FILTER CORP COM COM 911843209 5832 190448 SH SOLE 190448 0 0
US BANCORP 7.20% 4/1/28 PFD PREFERRED STOCKS 90332M200 418 16800 SH SOLE 16800 0 0
USBANCORP 8.45% 6/30/28 SERIES PREFERRED STOCKS 91729W207 888 35000 SH SOLE 35000 0 0
VRB BANCORP COM 918281106 126 17284 SH SOLE 17284 0 0
WAL MART STORES INC COM 931142103 733 15900 SH SOLE 15900 0 0
WARNER LAMBERT CO COM 934488107 258 3900 SH SOLE 3900 0 0
WATERLINK INC COM COM 94155N105 143 33700 SH SOLE 33700 0 0
WATSON PHARMACEUTICALS INC COM COM 942683103 309 7000 SH SOLE 7000 0 0
WEBSTER CAP I 9.36% PREFERRED STOCKS 947689AA3 1047 10000 SH SOLE 10000 0 0
WEBSTER FINL CORP WATERBURY CO COM 947890109 263 9100 SH SOLE 9100 0 0
WINSTAR COMMUNICATIONS INC COM COM 975515107 669 18400 SH SOLE 18400 0 0
WOLVERINE WORLD WIDE INC COM COM 978097103 152 16000 SH SOLE 16000 0 0
WRIGLEY WM JR CO COM 982526105 1517 16770 SH SOLE 16770 0 0
WSFS FINL CORP COM COM 929328102 809 55350 SH SOLE 55350 0 0
XEROX CORP COM COM 984121103 3011 57761 SH SOLE 57761 0 0
X-RITE INC COM COM 983857103 466 71700 SH SOLE 71700 0 0
YARDVILLE CAP TR TR PFD SECS % PREFERRED STOCKS 985017201 1100 110000 SH SOLE 110000 0 0
ZIONS BANCORP COM COM 989701107 1841 27678 SH SOLE 27678 0 0
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