UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for Calendar Year or Quarter Ended: SEPT 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: 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 JULY 29, 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.
<PAGE>
FORM 13F SUMMARY PAGE
AS OF DATE: 09/30/99
RUN DATE: 10/19/99 8:11 A.M.
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 247
FORM 13F INFORMATION TABLE VALUE TOTAL: $333,191,000
LIST OF OTHER INCLUDED MANAGERS:
NO. 13F FILE NUMBER NAME
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<TABLE>
<C> <C>
FORM 13F INFORMATION TABLE
AS OF DATE: 09/30/99
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 6124 166912 SH SOLE 166912 0 0
ABN AMRO CAP FUND TST II 7.125 PREFERRED STOCKS 00371T206 1492 68000 SH SOLE 68000 0 0
ADC TELECOMMUNICATION INC COM COM 000886101 4422 105450 SH SOLE 105450 0 0
ALLIANCE CAP MGMT LP UT LTD PT COM 018548107 266 9700 SH SOLE 9700 0 0
ALLIED SIGNAL INC COM 019512102 250 4164 SH SOLE 4164 0 0
ALLSTATE FINANCING I 7.95% PRE PREFERRED STOCKS 020013207 831 34000 SH SOLE 34000 0 0
ALZA CORP 5.000% 05/01/06 CONVERTIBLE BOND 022615AD0 24 20000 PRN SOLE 20000 0 0
AMERICA ONLINE INC COM COM 02364J104 974 9355 SH SOLE 9355 0 0
AMERICAN EXPRESS CO COM 025816109 729 5400 SH SOLE 5400 0 0
AMERICAN HOME PRODS CORP COM 026609107 359 8660 SH SOLE 8660 0 0
AMERICAN INTL GROUP INC COM 026874107 1478 17004 SH SOLE 17004 0 0
AMERICAN ITALIAN PASTA CO CL A COM 027070101 788 27525 SH SOLE 27525 0 0
AMERICAN PWR CONVERSION CORPCO COM 029066107 1795 94450 SH SOLE 94450 0 0
AMERICAN WTR WKS INC COM 030411102 645 22300 SH SOLE 22300 0 0
AMERITECH CORP NEW COM COM 030954101 1579 23660 SH SOLE 23660 0 0
AMGEN INC COM 031162100 4135 50740 SH SOLE 50740 0 0
AMSOUTH BANCORP COM 032165102 3762 160503 SH SOLE 160503 0 0
ANCHOR BANCORP WIS INC COM 032839102 613 37737 SH SOLE 37737 0 0
ARMSTRONG WORLD 7.450% PFD PREFERRED STOCKS 042476606 304 13500 SH SOLE 13500 0 0
ASSOCIATED BANC CORP COM COM 045487105 1094 30244 SH SOLE 30244 0 0
AT & T CORP. COM 001957109 2526 58077 SH SOLE 58077 0 0
ATOPIX COM 777777777 220 220000 SH SOLE 220000 0 0
AT&T CAP CORP 8.125% PFD PREFERRED STOCKS 00206J308 1378 56400 SH SOLE 56400 0 0
AT&T CAP CORP 8.25% PFD 11/15/ PREFERRED STOCKS 00206J209 2257 93300 SH SOLE 93300 0 0
AVON PRODUCTS INC COM 054303102 330 13300 SH SOLE 13300 0 0
BANCWEST CORP NEW COM COM 059790105 624 15353 SH SOLE 15353 0 0
BANK OF AMERICA COM 060505104 227 4080 SH SOLE 4080 0 0
BANK OF MONTREAL COM 063671101 467 13330 SH SOLE 13330 0 0
BANK ONE CORP COM COM 06423A103 739 21215 SH SOLE 21215 0 0
BELLSOUTH CORP COM COM 079860102 734 16309 SH SOLE 16309 0 0
BIO TECHNOLOGY GEN CORP COM COM 090578105 108 11300 SH SOLE 11300 0 0
BIOGEN N V COM 090597105 989 12550 SH SOLE 12550 0 0
BIOMET INC COM COM 090613100 272 10325 SH SOLE 10325 0 0
BMC SOFTWARE INC COM COM 055921100 716 10000 SH SOLE 10000 0 0
BOSTON CHICKEN 7.750% 05/01/04 CONVERTIBLE BOND 100578AC7 0 20000 PRN SOLE 20000 0 0
BOSTON SCIENTIFIC CORP COM 101137107 611 24700 SH SOLE 24700 0 0
BRISTOL MYERS SQUIBB CO COM COM 110122108 4513 66861 SH SOLE 66861 0 0
BSCH FINANCE LTD (SANTANDER) 7 PREFERRED STOCKS YY5018790 293 12000 SH SOLE 12000 0 0
CALEDONIA FINANCIAL CORP COM 129267100 500 6800 SH SOLE 6800 0 0
CAMPBELL SOUP CO COM 134429109 1866 47702 SH SOLE 47702 0 0
CAPITAL ONE FINL CORP COM COM 14040H105 296 7600 SH SOLE 7600 0 0
CAPITOL TR I 8.50% PREFERRED PREFERRED STOCKS 14064B208 529 60500 SH SOLE 60500 0 0
CENTURYTEL, INC COM 156700106 475 11700 SH SOLE 11700 0 0
CHAMPION ENTERPRISES INC COM COM 158496109 126 13950 SH SOLE 13950 0 0
CHASE CAP VII 7.000% 05/15/29 PREFERRED STOCKS 16147M200 713 31500 SH SOLE 31500 0 0
CHASE MANHATTAN CORP NEW COM COM 16161A108 329 4362 SH SOLE 4362 0 0
CHEMICAL FINL CORP COM COM 163731102 214 6312 SH SOLE 6312 0 0
CHIRON CORP COM COM 170040109 227 8200 SH SOLE 8200 0 0
CISCO SYS INC COM 17275R102 5505 80298 SH SOLE 80298 0 0
CITIGROUP CAP I TR PF SECS 8.0 PREFERRED STOCKS 17305F201 456 18300 SH SOLE 18300 0 0
CITIGROUP INC. COM 172967101 1320 29999 SH SOLE 29999 0 0
CITIZENS BANKING CORP MI COM COM 174420109 327 12500 SH SOLE 12500 0 0
COCA COLA CO COM 191216100 1436 29754 SH SOLE 29754 0 0
COLUMBIA BKG SYS INC COM COM 197236102 1516 115513 SH SOLE 115513 0 0
COMERICA INC COM 200340107 454 8959 SH SOLE 8959 0 0
COMMERCIAL FEDERAL CORP COM COM 201647104 204 10392 SH SOLE 10392 0 0
COMPAQ COMPUTER CORP COM 204493100 898 39243 SH SOLE 39243 0 0
COMPUTER ASSOC INTL INC COM COM 204912109 617 10100 SH SOLE 10100 0 0
COSTCO WHOLESALE CORP COM 22160K105 518 7200 SH SOLE 7200 0 0
CRYOLIFE INC COM COM 228903100 1104 88300 SH SOLE 88300 0 0
CSC HLDGS INC DP SH REP1/10 I CONVERTIBLE PREF 126304203 325 3000 SH SOLE 3000 0 0
DISNEY WALT PRODTNS COM 254687106 1942 74692 SH SOLE 74692 0 0
DOMINION RES INC VA COM COM 257470104 226 5000 SH SOLE 5000 0 0
DU PONT E I DE NEMOURS CO COM 263534109 326 5389 SH SOLE 5389 0 0
ECI TELECOM LTD COM COM 268258100 299 12120 SH SOLE 12120 0 0
ENRON CAP TR 8.125% PFD PREFERRED STOCKS 29357P201 229 9500 SH SOLE 9500 0 0
ENRON CORP COM COM 293561106 479 11660 SH SOLE 11660 0 0
EQUITABLE IOWA 8.700% PFD 07/3 PREFERRED STOCKS 294513205 531 21250 SH SOLE 21250 0 0
EQUITABLE RESOURCES 7.35% 4/15 PREFERRED STOCKS 294550207 272 12500 SH SOLE 12500 0 0
ERICSSON L M TEL CO ADR CL B S COM 294821400 4205 134575 SH SOLE 134575 0 0
EXXON CORP COM 302290101 491 6461 SH SOLE 6461 0 0
FARMERS GROUP 8.25% PFD PREFERRED STOCKS 309900207 611 25000 SH SOLE 25000 0 0
FARMERS GROUP CAPITAL 8.45% PF PREFERRED STOCKS 309593200 1112 45050 SH SOLE 45050 0 0
FCNB CAP TR PFD 8.25% PREFERRED STOCKS 30243V204 686 28000 SH SOLE 28000 0 0
FDX CORP COM COM 31304N107 1764 45370 SH SOLE 45370 0 0
FEDERAL HOME LN MTG CORP COM COM 313400301 219 4210 SH SOLE 4210 0 0
FEDERAL NAT MORTGAGE ASSN COM 313586109 392 6259 SH SOLE 6259 0 0
FIRST MIDWEST BANCORP COM COM 320867104 1426 37335 SH SOLE 37335 0 0
FIRST OAK BROOK BANCSHARES CL COM 335847208 1724 91928 SH SOLE 91928 0 0
FIRST SEC CORP DEL COM 336294103 6662 280128 SH SOLE 280128 0 0
FIRST UNION CORP COM 337358105 1245 34936 SH SOLE 34936 0 0
FIRST VA BKS INC COM COM 337477103 884 20300 SH SOLE 20300 0 0
FIRST WEST BANCORP 9.375% PFD PREFERRED STOCKS 302681200 328 37000 SH SOLE 37000 0 0
FIRSTBANK CORP MICH COM COM 33761G104 895 34773 SH SOLE 34773 0 0
FISERV INC COM COM 337738108 709 21825 SH SOLE 21825 0 0
FLORIDA PROGRESS CORP COM 341109106 547 11829 SH SOLE 11829 0 0
FORT JAMES CORPORATION COM 347471104 374 14000 SH SOLE 14000 0 0
FRANKLIN RES INC COM 354613101 643 21050 SH SOLE 21050 0 0
GENERAL ELEC CO COM 369604103 3139 26476 SH SOLE 26476 0 0
GENERAL MILLS INC COM 370334104 1144 14098 SH SOLE 14098 0 0
GEORGIA PAC CORP PEPS UNITS PREFERRED STOCKS 373298801 323 7300 SH SOLE 7300 0 0
GILLETTE CO COM 375766102 2087 61495 SH SOLE 61495 0 0
GRUPO FINANCIERO BANCOMER SAOR FOREIGN COMMON S P4949K179 4 23000 SH SOLE 23000 0 0
GTE CORP COM 362320103 1241 16143 SH SOLE 16143 0 0
GTE DELAWARE 9.25% SER A MIPS PREFERRED STOCKS 36232E202 706 28250 SH SOLE 28250 0 0
GUIDANT CORP COM COM 401698105 923 17205 SH SOLE 17205 0 0
HALLIBURTON CO COM 406216101 233 5675 SH SOLE 5675 0 0
HARRIS CAP 7.375% PFD SER A PREFERRED STOCKS 414567206 354 15800 SH SOLE 15800 0 0
HARTFORD LIFE 7.20% 06/30/38 S PREFERRED STOCKS 416590206 302 13600 SH SOLE 13600 0 0
HARTFORD LIFE INC CL A COM 416592103 549 11150 SH SOLE 11150 0 0
HAWAIIAN ELECTRIC 8.36% PFD PREFERRED STOCKS 41987M201 368 14500 SH SOLE 14500 0 0
HEINZ, H J COMPANY COM 423074103 308 7155 SH SOLE 7155 0 0
HERSHEY FOODS CORP COM 427866108 285 5850 SH SOLE 5850 0 0
HEWLETT PACKARD CO COM 428236103 2278 25100 SH SOLE 25100 0 0
HOME DEPOT INC COM 437076102 2448 35675 SH SOLE 35675 0 0
HOUSTON LIGHT & POWER CAP TRUS PREFERRED STOCKS 404202202 478 19500 SH SOLE 19500 0 0
HUDSON UTD BANCORP COM COM 444165104 672 21811 SH SOLE 21811 0 0
HUNTINGTON BANCSHARES INC COM COM 446150104 633 23843 SH SOLE 23843 0 0
ICG COMMUNICATIONS INC COM COM 449246107 377 24250 SH SOLE 24250 0 0
ILLINOIS TOOL WORKS INC COM 452308109 228 3055 SH SOLE 3055 0 0
IMMUNEX CORP NEW COM COM 452528102 202 4650 SH SOLE 4650 0 0
INCYTE PHARMACEUTICALS INC COM COM 45337C102 428 18500 SH SOLE 18500 0 0
INDEPENDENT BK CORP COM COM 453838104 357 23312 SH SOLE 23312 0 0
INTEL CORP COM 458140100 6945 93462 SH SOLE 93462 0 0
INTERNATIONAL BUSINESS MACHINE COM 459200101 9326 77078 SH SOLE 77078 0 0
INTERWEST BANCORP INC COM 460931108 212 10200 SH SOLE 10200 0 0
INTL PAPER CAP 7.875% PFD PREFERRED STOCKS 460140205 715 29800 SH SOLE 29800 0 0
INTL TRAINING RINKS COM COM 460941107 0 10000 SH SOLE 10000 0 0
IONICS INC COM COM 462218108 1081 33400 SH SOLE 33400 0 0
ITT HARTFORD CAPITAL QUIPS 7.7 PREFERRED STOCKS 416315208 314 13300 SH SOLE 13300 0 0
JOHNSON & JOHNSON COM 478160104 6853 74589 SH SOLE 74589 0 0
KEANE INC COM COM 486665102 355 15580 SH SOLE 15580 0 0
KELLOGG CO COM 487836108 2226 59458 SH SOLE 59458 0 0
KENETECH CORP COM COM 488878109 26 75000 SH SOLE 75000 0 0
KROGER CO COM COM 501044101 473 21450 SH SOLE 21450 0 0
LEXMARK INTL GROUP INC CL A COM 529771107 1592 19775 SH SOLE 19775 0 0
LILLY ELI & CO COM 532457108 4695 73142 SH SOLE 73142 0 0
LINCOLN NATL CAP I GTD QUIPS 8 PREFERRED STOCKS 534177209 246 10000 SH SOLE 10000 0 0
LUCENT TECHNOLOGIES COM 549463107 5291 81555 SH SOLE 81555 0 0
M & T BK CORP COM COM 55261F104 204 444 SH SOLE 444 0 0
MARRIOTT INTL INC NEW CL A COM 571903202 379 11600 SH SOLE 11600 0 0
MATRITECH INC COM COM 576818108 295 143100 SH SOLE 143100 0 0
MBNA CORP COM 55262L100 468 20533 SH SOLE 20533 0 0
MCI WORLDCOM COM 55268B106 7796 108463 SH SOLE 108463 0 0
MCKESSON HBOC INC. COM 58155Q103 258 8886 SH SOLE 8886 0 0
MCN CORP COM 55267J100 313 18200 SH SOLE 18200 0 0
MCN FINANCING I 8.625% PREFERR PREFERRED STOCKS 55268J208 725 30300 SH SOLE 30300 0 0
MCN-MI 9.375% CUM PFD SER A PREFERRED STOCKS 55268M201 1579 63950 SH SOLE 63950 0 0
MEDIAONE FING B TR ORG PFD 8.2 PREFERRED STOCKS 583938204 744 30700 SH SOLE 30700 0 0
MEDTRONIC INC COM 585055106 3659 102881 SH SOLE 102881 0 0
MELLON BK CORP COM COM 585509102 2159 64200 SH SOLE 64200 0 0
MERCHANTS & MFRS BANCORP INCCO COM 588327106 654 15950 SH SOLE 15950 0 0
MERCK & CO COM 589331107 8291 127916 SH SOLE 127916 0 0
MERRILL LYNCH CAP TR III 7.00% PREFERRED STOCKS 59021F206 200 9000 SH SOLE 9000 0 0
MGIC INVT CORP WIS COM COM 552848103 670 14030 SH SOLE 14030 0 0
MICROSOFT CORP COM 594918104 11926 131684 SH SOLE 131684 0 0
MOBIL CORP COM 607059102 632 6274 SH SOLE 6274 0 0
MOLEX INC COM COM 608554101 295 8100 SH SOLE 8100 0 0
MONSANTO CO COM 611662107 631 17675 SH SOLE 17675 0 0
MONTANA POWER 8.45% PREFERRED PREFERRED STOCKS 612083204 362 14500 SH SOLE 14500 0 0
MORGAN J P 7.95% 02/01/27 PREFERRED STOCKS 46623MAA9 865 9000 SH SOLE 9000 0 0
MORGAN J.P. & CO INC COM 616880100 487 4263 SH SOLE 4263 0 0
MORGAN STANLEY 8.20% PFD PREFERRED STOCKS 616906707 432 17550 SH SOLE 17550 0 0
MORGAN STANLY DN WTTR DISCVRCO COM 617446448 243 2730 SH SOLE 2730 0 0
NATIONAL AUSTRALIA BANK TRUEPR PREFERRED STOCKS 628714206 1361 56700 SH SOLE 56700 0 0
NATIONAL CITY CORP COM COM 635405103 5194 194619 SH SOLE 194619 0 0
NETWORKS ASSOCS INC COM COM 640938106 1225 64040 SH SOLE 64040 0 0
NOKIA CORP ADR SPONSORED COM 654902204 1150 12800 SH SOLE 12800 0 0
NORTEL NETWORKS CORP COM COM 656569100 2420 47450 SH SOLE 47450 0 0
NORTH FORK BANCORP INC N Y COM COM 659424105 601 30800 SH SOLE 30800 0 0
NORTHWESTERN BANCORP - TRAVERS COM 667991103 429 3800 SH SOLE 3800 0 0
NOVA CORP GA COM COM 669784100 288 11500 SH SOLE 11500 0 0
NOVARTIS AG - ADR COM 66987V109 2311 31336 SH SOLE 31336 0 0
NVID INTL INC COM COM 62944Y104 1 17000 SH SOLE 17000 0 0
OLD KENT FINANCIAL CORP COM 679833103 13537 364637 SH SOLE 364637 0 0
ORACLE SYS CORP COM 68389X105 696 15287 SH SOLE 15287 0 0
OTTAWA FINANCIAL CORP COM 689389104 2379 115341 SH SOLE 115341 0 0
PAC TEL PFD 7.56% PREFERRED STOCKS 694887209 701 29906 SH SOLE 29906 0 0
PACIFIC GAS & ELEC 7.90% PFD Q PREFERRED STOCKS 69331F200 588 24700 SH SOLE 24700 0 0
PACIFIC TELESIS FING II TOPS 8 PREFERRED STOCKS 694889205 402 16000 SH SOLE 16000 0 0
PE BIOSYSTEMS GROUP COM COM 69332S102 1777 24595 SH SOLE 24595 0 0
PE CORP COM CLRA GENOMC COM 69332S201 443 10998 SH SOLE 10998 0 0
PEOPLE'S BANCSHARES 9.76% PFD PREFERRED STOCKS 709793202 782 74500 SH SOLE 74500 0 0
PEPSICO INC COM 713448108 1141 37398 SH SOLE 37398 0 0
PFIZER INC COM 717081103 5047 140693 SH SOLE 140693 0 0
PLC SYS INC COM COM 69341D104 119 35895 SH SOLE 35895 0 0
PN HOLDINGS INC DELE COM 693464976 224 28000 SH SOLE 28000 0 0
PRICE T ROWE & ASSOC INC COM COM 741477103 333 12150 SH SOLE 12150 0 0
PROCTER & GAMBLE CO COM 742718109 3962 42259 SH SOLE 42259 0 0
PROFESSIONALS GROUP, INC COM 742954100 2914 116547 SH SOLE 116547 0 0
PROVIDENT BANKSHARES CORP COM COM 743859100 773 36325 SH SOLE 36325 0 0
QUAKER OATS CO COM 747402105 1287 20800 SH SOLE 20800 0 0
QWEST COMMUNICATIONS INTL INCO COM 749121109 2865 96910 SH SOLE 96910 0 0
RENAL CARE GROUP INC COM COM 759930100 1032 47100 SH SOLE 47100 0 0
REPUBLIC SEC FINL CORP COM COM 760758102 1340 154286 SH SOLE 154286 0 0
ROCHE HOLDINGS DIV RT CERT COM 434990131 1347 116 SH SOLE 116 0 0
ROCHE HOLDINGS LTD-SPONS ADR COM 771195104 7901 68707 SH SOLE 68707 0 0
ROYAL BANK OF SCOTLAND 8.000% PREFERRED STOCKS 780097861 867 36300 SH SOLE 36300 0 0
ROYAL BANK OF SCOTLAND 9.00% P PREFERRED STOCKS 780097705 465 18700 SH SOLE 18700 0 0
ROYAL BANK OF SCOTLAND SER J 8 PREFERRED STOCKS 780097853 225 9000 SH SOLE 9000 0 0
ROYAL BANK SCOTLAND 7.40% SER PREFERRED STOCKS 780097887 443 20300 SH SOLE 20300 0 0
ROYAL BK SCOTLAND GROUP PLC SP PREFERRED STOCKS 780097309 1084 42095 SH SOLE 42095 0 0
SAFEWAY INC COM NEW COM 786514208 1332 34982 SH SOLE 34982 0 0
SBC COMMUNICATIONS, INC COMMON COM 78387G103 349 6835 SH SOLE 6835 0 0
SCHERING PLOUGH CORP COM 806605101 8362 191682 SH SOLE 191682 0 0
SIDEWARE SYS INC COM COM 825907108 71 25000 SH SOLE 25000 0 0
SIERRA PACIFIC POWER 8.60 TOPR PREFERRED STOCKS 826433203 213 8500 SH SOLE 8500 0 0
SKYTEL COMMUNICATIONS INC COM COM 83087Q104 546 29840 SH SOLE 29840 0 0
SMITHKLINE BEECHAM PLC ADR RPS COM 832378301 677 11753 SH SOLE 11753 0 0
SOLECTRON CORP COM COM 834182107 287 4000 SH SOLE 4000 0 0
SOUTHTRUST CORP COM 844730101 622 17350 SH SOLE 17350 0 0
SOUTHWEST GAS CAPITAL I 9.125% PREFERRED STOCKS 844887208 530 20900 SH SOLE 20900 0 0
SOUTHWESTERN PUBLIC SERVICE CA PREFERRED STOCKS 845739200 216 9000 SH SOLE 9000 0 0
SPDR TR COM 78462F103 270 2097 SH SOLE 2097 0 0
SSBH CAP I 7.20% PFD PREFERRED STOCKS 784646200 493 22600 SH SOLE 22600 0 0
ST PAUL BANCORP INC COM COM 792848103 790 34518 SH SOLE 34518 0 0
STAAR SURGICAL CO COM NEW PAR$ COM 852312305 314 26400 SH SOLE 26400 0 0
STAPLES INC COM 855030102 539 24715 SH SOLE 24715 0 0
STEELCASE INC CL A COM 858155203 228 16351 SH SOLE 16351 0 0
STERIS CORP COM COM 859152100 172 12500 SH SOLE 12500 0 0
STERLING COMM INC COM COM 859205106 506 27242 SH SOLE 27242 0 0
STERLING FINL CORP WASH COM COM 859319105 170 12700 SH SOLE 12700 0 0
STRYKER CORP COM 863667101 2812 54999 SH SOLE 54999 0 0
SUN MICROSYSTEMS INC COM COM 866810104 1784 19185 SH SOLE 19185 0 0
SUNRISE ASSISTED LIVING INC CO COM 86768K106 485 18250 SH SOLE 18250 0 0
SUNTRUST BANKS INC COM COM 867914103 3006 45716 SH SOLE 45716 0 0
SYSCO CORP COM 871829107 685 19550 SH SOLE 19550 0 0
TCF FINL CORP COM 872275102 2260 79107 SH SOLE 79107 0 0
TELLABS INC COM 879664100 4851 85205 SH SOLE 85205 0 0
TEXAS INSTRUMENTS INC COM 882508104 3004 36517 SH SOLE 36517 0 0
TEXTRON CAPITAL 7.92% PREFERRE PREFERRED STOCKS 883198202 208 8800 SH SOLE 8800 0 0
TIME WARNER INC COM 887315109 373 6134 SH SOLE 6134 0 0
TRANSCANADA PIPE 8.50% PFD 9/3 PREFERRED STOCKS 893526756 305 12400 SH SOLE 12400 0 0
TRANSCANANDA PIPELINE 8.250% 1 PREFERRED STOCKS 893526723 884 37200 SH SOLE 37200 0 0
TRAVELERS P&C CAP 8.08% PREFER PREFERRED STOCKS 893931204 838 34200 SH SOLE 34200 0 0
TRIBUNE CO COM COM 896047107 9203 184994 SH SOLE 184994 0 0
TURBODYNE TECHNOLOGIES CORP CO COM 899905103 59 45975 SH SOLE 45975 0 0
TYCO INTL LTD NEW COM COM 902124106 501 4850 SH SOLE 4850 0 0
UNION PAC CORP COM 907818108 255 5300 SH SOLE 5300 0 0
UNION PLANTERS CORP COM COM 908068109 912 22375 SH SOLE 22375 0 0
US BANCORP 7.20% 4/1/28 PFD PREFERRED STOCKS 90332M200 363 16600 SH SOLE 16600 0 0
USBANCORP 8.45% 6/30/28 SERIES PREFERRED STOCKS 91729W207 796 35000 SH SOLE 35000 0 0
VRB BANCORP COM 918281106 101 15204 SH SOLE 15204 0 0
WAL MART STORES INC COM 931142103 756 15900 SH SOLE 15900 0 0
WALGREEN CO COM COM 931422109 322 12700 SH SOLE 12700 0 0
WARNER LAMBERT CO COM 934488107 249 3750 SH SOLE 3750 0 0
WATERLINK INC COM COM 94155N105 67 25337 SH SOLE 25337 0 0
WATSON PHARMACEUTICALS INC COM COM 942683103 333 10900 SH SOLE 10900 0 0
WEBSTER CAP I 9.36% PREFERRED STOCKS 947689AA3 961 10000 SH SOLE 10000 0 0
WINSTAR COMMUNICATIONS INC COM COM 975515107 680 17400 SH SOLE 17400 0 0
WOLVERINE WORLD WIDE INC COM COM 978097103 127 11200 SH SOLE 11200 0 0
WRIGLEY WM JR CO COM 982526105 1213 17625 SH SOLE 17625 0 0
WSFS FINL CORP COM COM 929328102 562 39800 SH SOLE 39800 0 0
XEROX CORP COM COM 984121103 2521 60113 SH SOLE 60113 0 0
X-RITE INC COM COM 983857103 430 66100 SH SOLE 66100 0 0
YARDVILLE CAP TR TR PFD SECS % PREFERRED STOCKS 985017201 1073 110000 SH SOLE 110000 0 0
ZIONS BANCORP COM COM 989701107 1343 24360 SH SOLE 24360 0 0
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