-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UctT8B4tSEBUARnv3SCO0TvvAxBjoNkZkEH9YIe5s6pFZCHtJp6SVGgDD6ANmO2S 5s4VhV3a9Si+ddPT3rrrgw== 0000927016-02-002002.txt : 20020416 0000927016-02-002002.hdr.sgml : 20020416 ACCESSION NUMBER: 0000927016-02-002002 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020331 FILED AS OF DATE: 20020410 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WELCH & FORBES INC CENTRAL INDEX KEY: 0000105495 IRS NUMBER: 004253065 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-00262 FILM NUMBER: 02606773 BUSINESS ADDRESS: STREET 1: 45 SCHOOL ST STREET 2: C/O V WILLIAM EFTHIM CITY: BOSTON STATE: MA ZIP: 02108 BUSINESS PHONE: 6175231635 MAIL ADDRESS: STREET 1: 45 SCHOOL STREET CITY: BOSTON STATE: MA ZIP: 02108 13F-HR 1 d13fhr.txt FORM 13F-HR FORM 13F INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS PURSUANT TO SECTION 13(f) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES THEREUNDER Securities and Exchange Commission Washington, D.C. 20549 Report for the Calendar Quarter Ended 03/31/2002 ---------- If amended report check here: [_] Name of Institutional Manager: Welch & Forbes LLC - -------------------------------------------------------------------------------- Business Address: Street 45 School Street City Boston State MA Zip 02108 ---------------- ------ --- ----- Name, Phone No. and Title of Person Duly Authorized to Submit Report: James. E. Russell, (617) 523-1635, Secretary - -------------------------------------------------------------------------------- The institutional investment manager submitting this Form and its attachments and the person by whom it is signed represent hereby that all the information contained therein is true, correct and complete. It is understood that all the required items, statements and schedules are considered integral parts of this Form and that the submission of any amendment represents that all unamended items, statements and schedules remain true, correct and complete as previously submitted. Pursuant to the requirements of Securities Exchange Act of 1934, the undersigned institutional investment manager has caused this report to be signed on his behalf in the City of Boston and State of Massachusetts on the 10/th/ day of April, 2002. WELCH & FORBES LLC ------------------ ------------------ Name and 13F file numbers of all Institutional Investment Managers with respect to which this schedule is filed (other than the one filing this report).
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 1 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES - ------------------------------------------------------------------------------------------------------------------------------------ INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE - ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- COMMON ------ A T & T CORP 001957109 381,510.00 24300 X 22667 0 1633 A T & T WIRELESS SERVICE INC 00209A106 124,610.85 13923 X 13398 0 525 632,630.75 70685 X 70685 0 0 ----------------- ------------ ------------- ---------- ---------- 757,241.60 84608 84083 0 525 ABACAN RESOURCES CORP 002919108 120.00 12000 X 12000 0 0 ABBOTT LABS 002824100 44,440,425.00 844875 X 710679 0 134196 5,956,266.20 113237 X 102537 0 10700 ----------------- ------------ ------------- ---------- ---------- 50,396,691.20 958112 813216 0 144896 ABTECH INDUSTRIES INC 00352099A 34,996.50 6666 X 6666 0 0 40,005.00 7620 X 7620 0 0 ----------------- ------------ ------------- ---------- ---------- 75,001.50 14286 14286 0 0 ADVANCED MULTIMEDIA GROUP INC 00765849A 50,000.00 12500 X 12500 0 0 ADVENT SOFTWARE INC 007974108 1,479,000.00 25000 X 25000 0 0 AFLAC INC 001055102 5,439,800.00 184400 X 141900 0 42500 778,800.00 26400 X 19200 0 7200 ----------------- ------------ ------------- ---------- ---------- 6,218,600.00 210800 161100 0 49700 AGILENT TECHNOLOGIES INC 00846U101 2,495,060.24 71369 X 58669 0 12700 585,475.12 16747 X 14047 0 2700 ----------------- ------------ ------------- ---------- ---------- 3,080,535.36 88116 72716 0 15400 AIR PRODS & CHEMS INC 009158106 5,185,763.30 100402 X 87202 0 13200 1,885,225.00 36500 X 36500 0 0 ----------------- ------------ ------------- ---------- ---------- 7,070,988.30 136902 123702 0 13200 ALCOA INC. 013817101 447,973.80 11870 X 11870 0 0 ALLIANT ENERGY CORP 018802108 2,133,441.34 70597 X 70597 0 0 ----------------- ------------ ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 72,091,103.10 1649091 1423737 0 225354
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 2 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) - ------------------------------------------------------------------------------------------------------------------------------------ INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE - ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- 311,809.96 10318 X 10318 0 0 ----------------- ------------ ------------- ---------- ---------- 2,445,251.30 80915 80915 0 0 ALLIED CAPITAL CORP 01903Q108 459,250.00 16700 X 16700 0 0 ALLSTATE CORP 020002101 757,515.12 20056 X 20056 0 0 126,302.88 3344 X 1844 0 1500 ----------------- ------------ ------------- ---------- ---------- 883,818.00 23400 21900 0 1500 ALLTEL CORP 020039103 5,445,011.00 98020 X 98020 0 0 1,628,726.00 29320 X 29320 0 0 ----------------- ------------ ------------- ---------- ---------- 7,073,737.00 127340 127340 0 0 AMERICAN BIOGENETIC 024611105 14,600.00 20000 X 20000 0 0 AMERICAN ELEC PWR INC 025537101 349,730.92 7588 X 7588 0 0 58,073.40 1260 X 860 0 400 ----------------- ------------ ------------- ---------- ---------- 407,804.32 8848 8448 0 400 AMERICAN EXPRESS CO 025816109 6,461,235.20 157745 X 126445 0 31300 421,888.00 10300 X 10300 0 0 ----------------- ------------ ------------- ---------- ---------- 6,883,123.20 168045 136745 0 31300 AMERICAN INTL GROUP 026874107 78,917,715.32 1093952 X 926663 0 167289 21,869,890.26 303159 X 243510 0 59649 ----------------- ------------ ------------- ---------- ---------- 100,787,605.58 1397111 1170173 0 226938 AMERICAN WTR WKS INC 030411102 118,260.00 2700 X 2700 0 0 387,630.00 8850 X 8850 0 0 ----------------- ------------ ------------- ---------- ---------- 505,890.00 11550 11550 0 0 AMGEN INC 031162100 10,430,810.72 174779 X 139879 0 34900 1,354,736.00 22700 X 20100 0 2600 ----------------- ------------ ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 129,113,184.78 1980791 1683153 0 297638
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 3 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) - ------------------------------------------------------------------------------------------------------------------------------------ INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- ----------------- -------------- ------------- ---------- ---------- 11,785,546.72 197479 159979 0 37500 ANADARKO PETE CORP 032511107 19,330,192.04 342491 X 247396 0 95095 2,963,664.40 52510 X 42910 0 9600 ----------------- -------------- ------------- ---------- ---------- 22,293,856.44 395001 290306 0 104695 ANALOG DEVICES INC 032654105 5,463,802.40 121310 X 100190 0 21120 274,744.00 6100 X 5000 0 1100 ----------------- -------------- ------------- ---------- ---------- 5,738,546.40 127410 105190 0 22220 ANHEUSER BUSCH COS INC 035229103 12,842,348.40 246022 X 234062 0 11960 2,427,300.00 46500 X 46500 0 0 ----------------- -------------- ------------- ---------- ---------- 15,269,648.40 292522 280562 0 11960 AOL TIME WARNER INC 00184A105 8,826,818.55 373227 X 308927 0 64300 1,676,193.75 70875 X 62175 0 8700 ----------------- -------------- ------------- ---------- ---------- 10,503,012.30 444102 371102 0 73000 APACHE CORP 037411105 1,387,985.76 24402 X 22402 0 2000 APPLIED MATLS INC 038222105 1,885,339.80 34740 X 29340 0 5400 AUTOMATIC DATA PROCESSING 053015103 13,594,216.19 233297 X 173415 0 59882 4,572,738.25 78475 X 70075 0 8400 ----------------- -------------- ------------- ---------- ---------- 18,166,954.44 311772 243490 0 68282 AVALONBAY COMMUNITIES INC 053484101 392,523.60 7882 X 0 0 7882 AVANDEL HEALTHCARE INC 9899479J7 0.00 750000 X 750000 0 0 AVERY DENNISON CORP 053611109 732,787.21 12007 X 12007 0 0 36,618.00 600 X 600 0 0 ----------------- -------------- ------------- ---------- ---------- 769,405.21 12607 12607 0 0 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 76,407,272.35 2400438 2104999 0 295439
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 4 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) - ------------------------------------------------------------------------------------------------------------------------------------ INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- AVERY DEWING CORP 0536229A6 1,142,416.13 1327 X 1327 0 0 AVITAR TECHNOLOGIES INC 053900908 68,000.00 100000 X 100000 0 0 B B & T CORP 054937107 597,183.70 15670 X 15670 0 0 11,433.00 300 X 300 0 0 ----------------- -------------- ------------- ---------- ---------- 608,616.70 15970 15970 0 0 BALLARD POWER SYSTEMS 05858H104 267,612.00 8700 X 2700 0 6000 BANK NEW YORK INC 064057102 1,109,874.26 26413 X 24913 0 1500 315,150.00 7500 X 7500 0 0 ----------------- -------------- ------------- ---------- ---------- 1,425,024.26 33913 32413 0 1500 BANK OF AMERICA CORP 060505104 2,482,730.00 36500 X 33900 0 2600 496,546.00 7300 X 7300 0 0 ----------------- -------------- ------------- ---------- ---------- 2,979,276.00 43800 41200 0 2600 BANK ONE CORP 06423A103 11,718,496.18 280481 X 273481 0 7000 41,780.00 1000 X 1000 0 0 ----------------- -------------- ------------- ---------- ---------- 11,760,276.18 281481 274481 0 7000 BANKNORTH GROUP INC 06646R107 337,280.00 12800 X 12800 0 0 53,938.45 2047 X 347 0 1700 ----------------- -------------- ------------- ---------- ---------- 391,218.45 14847 13147 0 1700 BAXTER INTL INC 071813109 2,021,180.16 33958 X 33958 0 0 71,424.00 1200 X 1200 0 0 ----------------- -------------- ------------- ---------- ---------- 2,092,604.16 35158 35158 0 0 BEACON CAP PTRS INC - WYNDHAM 073561987 249,351.37 2678 X 2084 0 594 VTG TR I 74,943.46 805 X 805 0 0 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 21,059,338.71 538679 519285 0 19394
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 5 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) - ------------------------------------------------------------------------------------------------------------------------------------ INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- ----------------- -------------- ------------- ---------- ---------- 324,294.83 3483 2889 0 594 BEACON CAPITAL PARTNERS INC 073561300 886,500.00 49250 X 38000 0 11250 274,500.00 15250 X 15250 0 0 ----------------- -------------- ------------- ---------- ---------- 1,161,000.00 64500 53250 0 11250 BECTON DICKINSON & CO 075887109 490,360.00 13000 X 11400 0 1600 30,176.00 800 X 800 0 0 ----------------- -------------- ------------- ---------- ---------- 520,536.00 13800 12200 0 1600 BELLSOUTH CORP 079860102 18,580,499.38 504083 X 482839 0 21244 4,597,105.48 124718 X 119918 0 4800 ----------------- -------------- ------------- ---------- ---------- 23,177,604.86 628801 602757 0 26044 BELO CORPORATION 080555105 791,058.00 34024 X 26024 0 8000 918,375.00 39500 X 39500 0 0 ----------------- -------------- ------------- ---------- ---------- 1,709,433.00 73524 65524 0 8000 BERKSHIRE HATHAWAY INC B 084670207 7,429,184.00 3136 X 2747 0 389 1,234,249.00 521 X 491 0 30 ----------------- -------------- ------------- ---------- ---------- 8,663,433.00 3657 3238 0 419 BERKSHIRE HATHAWAY INC CL A 084670108 355,500.00 5 X 4 0 1 CONV BETHLEHEM STEEL CORP CMN 087509105 36,000.00 80000 X 0 0 80000 BHP BILLITON LIMITED ADR 088606108 261,691.20 21380 X 15929 0 5451 BIG LOTS INC 089302103 140,500.00 10000 X 10000 0 0 BIOGEN INC 090597105 103,026.00 2100 X 2100 0 0 490,600.00 10000 X 10000 0 0 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 36,619,324.06 907767 775002 0 132765
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 6 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) - ------------------------------------------------------------------------------------------------------------------------------------ INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- ----------------- -------------- ------------- ---------- ---------- 593,626.00 12100 12100 0 0 BLACK & DECKER CORP 091797100 4,504,606.60 96790 X 79090 0 17700 381,628.00 8200 X 7500 0 700 ----------------- -------------- ------------- ---------- ---------- 4,886,234.60 104990 86590 0 18400 BLACK BOX CORP DEL 091826107 634,302.00 13100 X 8900 0 4200 14,526.00 300 X 300 0 0 ----------------- -------------- ------------- ---------- ---------- 648,828.00 13400 9200 0 4200 BLUE DIAMOND OIL CORP 095599908 134,400.00 22400 X 22400 0 0 BOSTON PRIVATE FINANCIAL 101119105 884,301.50 33058 X 24058 0 9000 HOLDINGS INC BOSTON PROPERTYS INC 101121101 248,535.00 6300 X 5000 0 1300 BRISTOL MYERS SQUIBB CO 110122108 15,206,100.48 375552 X 359602 0 15950 4,682,506.54 115646 X 97446 0 18200 ----------------- -------------- ------------- ---------- ---------- 19,888,607.02 491198 457048 0 34150 BROWN FORMAN CORP 115637100 364,000.00 5000 X 5000 0 0 BURLINGTN NORTHN SANTA FE 12189T104 300,230.64 9948 X 9948 0 0 272,827.20 9040 X 9040 0 0 ----------------- -------------- ------------- ---------- ---------- 573,057.84 18988 18988 0 0 BURLINGTON RESOURCES INC 122014103 337,918.61 8429 X 7229 0 1200 223,501.75 5575 X 5575 0 0 ----------------- -------------- ------------- ---------- ---------- 561,420.36 14004 12804 0 1200 CABOT CORP 127055101 1,417,545.80 38468 X 11468 0 27000 994,950.00 27000 X 0 0 27000 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 30,601,880.12 774806 652556 0 122250
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 7 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE - ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- ----------------- -------------- ------------- ---------- ---------- 2,412,495.80 65468 11468 0 54000 CABOT MICROELECTRONICS CORP 12709P103 695,509.65 10281 X 3281 0 7000 473,550.00 7000 X 0 0 7000 ----------------- -------------- ------------- ---------- ---------- 1,169,059.65 17281 3281 0 14000 CAIRNSTONE INC 1277669C9 0.00 200000 X 200000 0 0 CAMPBELL SOUP CO 134429109 3,800,240.00 141800 X 139800 0 2000 308,200.00 11500 X 11500 0 0 ----------------- -------------- ------------- ---------- ---------- 4,108,440.00 153300 151300 0 2000 CAPITAL ONE FINL CORP 14040H105 1,085,450.00 17000 X 17000 0 0 CARDINAL HEALTH INC 14149Y108 8,617,813.74 121566 X 103648 0 17918 928,659.00 13100 X 12500 0 600 ----------------- -------------- ------------- ---------- ---------- 9,546,472.74 134666 116148 0 18518 CARDIOTECH INTL INC 14160C100 19,092.00 14800 X 14800 0 0 CATERPILLAR INC 149123101 345,648.00 6080 X 6080 0 0 CENTAUR INC 151327996 111,639.00 74426 X 74426 0 0 CENTAUR PHARMACEUTICALS INC 15134E106 70,000.00 40000 X 40000 0 0 CERYLION INC 156800906 750,000.00 500000 X 500000 0 0 CHASE GEN CORP 161555107 0.00 19129 X 19129 0 0 CHEVRONTEXACO CORP 166764100 16,730,009.91 185333 X 160339 0 24994 3,656,566.89 40507 X 36807 0 3700 ----------------- -------------- ------------- ---------- ---------- 20,386,576.80 225840 197146 0 28694 CHUBB CORP 171232101 2,412,373.10 33001 X 26867 0 6134 387,430.00 5300 X 4800 0 500 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 40,392,181.29 1440823 1370977 0 69846
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 8 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE - ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- ----------------- -------------- ------------- ---------- ---------- 2,799,803.10 38301 31667 0 6634 CIGNA CORP 125509109 2,562,429.47 25273 X 25273 0 0 545,985.15 5385 X 5385 0 0 ----------------- -------------- ------------- ---------- ---------- 3,108,414.62 30658 30658 0 0 CINTAS CORP 172908105 72,228,641.94 1448629 X 1237385 0 211244 18,736,889.40 375790 X 266135 0 109655 ----------------- -------------- ------------- ---------- ---------- 90,965,531.34 1824419 1503520 0 320899 CIPHERGEN BIOSYSTEMS 17252Y104 117,365.92 19496 X 19496 0 0 96,169.50 15975 X 15975 0 0 ----------------- -------------- ------------- ---------- ---------- 213,535.42 35471 35471 0 0 CISCO SYSTEMS INC 17275R102 3,942,776.91 232887 X 175847 0 57040 1,393,948.48 82336 X 70100 0 12236 ----------------- -------------- ------------- ---------- ---------- 5,336,725.39 315223 245947 0 69276 CITIGROUP INC. 172967101 24,496,107.92 494671 X 398428 0 96243 3,998,740.00 80750 X 67700 0 13050 ----------------- -------------- ------------- ---------- ---------- 28,494,847.92 575421 466128 0 109293 CITIZENS BANCSHARES CO 17316Q105 297,500.00 8500 X 8500 0 0 CLARITY IMAGING TECHNOLOGIES 170000954 0.00 120000 X 120000 0 0 INC CLOSURE MED CORP 189093107 336,528.00 17100 X 16600 0 500 98,400.00 5000 X 5000 0 0 ----------------- -------------- ------------- ---------- ---------- 434,928.00 22100 21600 0 500 CMGI INC 125750109 39,487.50 29250 X 29250 0 0 12,690.00 9400 X 6200 0 3200 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 128,903,660.19 2970442 2467274 0 503168
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 9 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) - ------------------------------------------------------------------------------------------------------------------------------------ INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- ----------------- -------------- ------------- ---------- ---------- 52,177.50 38650 35450 0 3200 COCA COLA CO 191216100 9,082,944.78 173803 X 95038 0 78765 3,444,090.78 65903 X 59253 0 6650 ----------------- -------------- ------------- ---------- ---------- 12,527,035.56 239706 154291 0 85415 COGNEX CORP 192422103 21,669,315.50 745675 X 654877 0 90798 4,261,358.40 146640 X 116340 0 30300 ----------------- -------------- ------------- ---------- ---------- 25,930,673.90 892315 771217 0 121098 COLGATE PALMOLIVE CO 194162103 12,484,017.45 218443 X 140623 0 77820 1,001,382.30 17522 X 14672 0 2850 ----------------- -------------- ------------- ---------- ---------- 13,485,399.75 235965 155295 0 80670 COMCAST CORP SPL A 200300200 577,806.00 18170 X 500 0 17670 COMMONWEALTH NATIONAL BANK 201620911 100,000.00 10000 X 10000 0 0 COMPAQ COMPUTER CORP 204493100 106,590.00 10200 X 10000 0 200 COMPUTER SCIENCES CORP 205363104 465,885.00 9180 X 7780 0 1400 610,522.50 12030 X 5710 0 6320 ----------------- -------------- ------------- ---------- ---------- 1,076,407.50 21210 13490 0 7720 CONCORD EFS INC 206197105 6,674,605.00 200740 X 158540 0 42200 1,160,425.00 34900 X 29000 0 5900 ----------------- -------------- ------------- ---------- ---------- 7,835,030.00 235640 187540 0 48100 CONOCO INC 208251504 2,691,008.78 92221 X 89721 0 2500 426,057.18 14601 X 4253 0 10348 ----------------- -------------- ------------- ---------- ---------- 3,117,065.96 106822 93974 0 12848 CORNING INC 219350105 1,471,376.28 193094 X 190492 0 2602 155,569.92 20416 X 20416 0 0 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 66,382,954.87 1983538 1607215 0 376323
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 10 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) - ------------------------------------------------------------------------------------------------------------------------------------ INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- ----------------- -------------- ------------- ---------- ---------- 1,626,946.20 213510 210908 0 2602 CORP FOR LASER OPTICS RES 2200359A9 31,251.00 20834 X 13889 0 6945 41,665.50 27777 X 27777 0 0 ----------------- -------------- ------------- ---------- ---------- 72,916.50 48611 41666 0 6945 COX COMMUNICATIONS INC A 224044107 1,008,752.00 26800 X 20100 0 6700 518,754.48 13782 X 13782 0 0 ----------------- -------------- ------------- ---------- ---------- 1,527,506.48 40582 33882 0 6700 CRITICAL PATH 22674V100 98,444.16 45576 X 32922 0 12654 88,264.08 40863 X 40863 0 0 ----------------- -------------- ------------- ---------- ---------- 186,708.24 86439 73785 0 12654 CVS CORP 126650100 1,129,457.00 32900 X 27310 0 5590 563,355.30 16410 X 12810 0 3600 ----------------- -------------- ------------- ---------- ---------- 1,692,812.30 49310 40120 0 9190 DANAHER CORPORATION 235851102 807,852.50 11375 X 11375 0 0 DIAMONDCLUSTER INTERNATIONAL 25278P106 534,539.16 41373 X 38750 0 2623 INC A 117,572.00 9100 X 9100 0 0 ----------------- -------------- ------------- ---------- ---------- 652,111.16 50473 47850 0 2623 DIGITRACE CARE SYS 2538979A2 60,000.00 20000 X 20000 0 0 DISNEY WALT CO 254687106 2,420,653.48 104881 X 75181 0 29700 322,543.00 13975 X 13975 0 0 ----------------- -------------- ------------- ---------- ---------- 2,743,196.48 118856 89156 0 29700 DOMINION RESOURCES INC VA NEW 25746U109 401,711.40 6165 X 2165 0 4000 13,032.00 200 X 200 0 0 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 8,157,847.06 432011 360199 0 71812
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 11 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- ----------------- -------------- ------------- ---------- ---------- 414,743.40 6365 2365 0 4000 DORCHESTER HUGOTON LP 258205202 662,304.00 48000 X 48000 0 0 DOVER CORP 260003108 22,563,981.00 550341 X 550341 0 0 3,620,710.00 88310 X 85310 0 3000 ----------------- -------------- ------------- ---------- ---------- 26,184,691.00 638651 635651 0 3000 DOW CHEM CO 260543103 3,474,275.04 106182 X 95182 0 11000 DOW JONES & CO INC 260561105 479,034.16 8228 X 8228 0 0 DPL INC 233293109 91,341.25 3575 X 3575 0 0 611,590.35 23937 X 23000 0 937 ----------------- -------------- ------------- ---------- ---------- 702,931.60 27512 26575 0 937 DU PONT E I DE NEMOURS 263534109 6,322,862.15 134101 X 131701 0 2400 1,000,656.34 21223 X 19103 0 2120 ----------------- -------------- ------------- ---------- ---------- 7,323,518.49 155324 150804 0 4520 DUKE ENERGY CORP 264399106 387,676.80 10256 X 9656 0 600 90,720.00 2400 X 2400 0 0 ----------------- -------------- ------------- ---------- ---------- 478,396.80 12656 12056 0 600 DYCOM INDUSTRIES INC 267475101 14.95 1 X 1 0 0 175,199.05 11719 X 11719 0 0 ----------------- -------------- ------------- ---------- ---------- 175,214.00 11720 11720 0 0 DYNAPRODUCTS INC 268991999 101,186.25 12265 X 12265 0 0 EATON VANCE CORP NON VTG 278265103 858,925.00 21500 X 16500 0 5000 127,840.00 3200 X 3200 0 0 ----------------- -------------- ------------- ---------- ---------- 986,765.00 24700 19700 0 5000 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 40,568,316.34 1045238 1020181 0 25057
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 12 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE - ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- EBAY INC 278642103 787,296.00 13900 X 13900 0 0 107,955.84 1906 X 1906 0 0 ----------------- -------------- ------------- ---------- ---------- 895,251.84 15806 15806 0 0 EL PASO CORP 28336L109 2,245,530.00 51000 X 48000 0 3000 151,903.50 3450 X 3450 0 0 ----------------- -------------- ------------- ---------- ---------- 2,397,433.50 54450 51450 0 3000 ELAN PLC ADR 284131208 971,738.69 69859 X 61376 0 8483 841,499.36 60496 X 17600 0 42896 ----------------- -------------- ------------- ---------- ---------- 1,813,238.05 130355 78976 0 51379 EMC CORP MASS 268648102 2,280,057.60 191280 X 103860 0 87420 1,231,574.40 103320 X 80200 0 23120 ----------------- -------------- ------------- ---------- ---------- 3,511,632.00 294600 184060 0 110540 EMERSON ELEC CO 291011104 14,603,402.01 254459 X 226209 0 28250 1,297,300.95 22605 X 18905 0 3700 ----------------- -------------- ------------- ---------- ---------- 15,900,702.96 277064 245114 0 31950 EPRESENCE INC 294348107 1,092,224.00 257600 X 249600 0 8000 194,192.00 45800 X 45800 0 0 ----------------- -------------- ------------- ---------- ---------- 1,286,416.00 303400 295400 0 8000 EQUIFAX INC 294429105 364,780.00 12200 X 12200 0 0 EQUITY OFFICE PPTYS TR 294741103 7,566,626.95 252305 X 231297 0 21008 1,593,128.78 53122 X 48122 0 5000 ----------------- -------------- ------------- ---------- ---------- 9,159,755.73 305427 279419 0 26008 EXEL ENERGY INC 98389B100 145,509.00 5740 X 5740 0 0 93,795.00 3700 X 3700 0 0 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 35,568,514.08 1402742 1171865 0 230877
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 13 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- ----------------- -------------- ------------- ---------- ---------- 239,304.00 9440 9440 0 0 EXPEDITORS INTL WASH INC 302130109 6,283,000.00 103000 X 63350 0 39650 881,450.00 14450 X 11750 0 2700 ----------------- -------------- ------------- ---------- ---------- 7,164,450.00 117450 75100 0 42350 EXXON MOBIL CORP 30231G102 149,210,775.81 3404307 X 3082921 0 321386 34,404,139.35 784945 X 730897 0 54048 ----------------- -------------- ------------- ---------- ---------- 183,614,915.16 4189252 3813818 0 375434 FAMILY DOLLAR STORES 307000109 1,913,421.00 57100 X 40100 0 17000 180,954.00 5400 X 5000 0 400 ----------------- -------------- ------------- ---------- ---------- 2,094,375.00 62500 45100 0 17400 FEDERAL HOME LOAN MTG CORP 313400301 202,784.00 3200 X 3200 0 0 FEDERAL NATL MTG ASSN 313586109 3,054,052.04 38233 X 23333 0 14900 415,376.00 5200 X 200 0 5000 ----------------- -------------- ------------- ---------- ---------- 3,469,428.04 43433 23533 0 19900 FEDERAL RLTY INVT TR 313747206 205,360.00 8000 X 8000 0 0 FIDUCIARY CO INC 316476902 484,785.00 6650 X 0 0 6650 227,812.50 3125 X 0 0 3125 ----------------- -------------- ------------- ---------- ---------- 712,597.50 9775 0 0 9775 FIFTH THIRD BANCORP 316773100 6,763,183.00 100225 X 70725 0 29500 897,484.00 13300 X 9100 0 4200 ----------------- -------------- ------------- ---------- ---------- 7,660,667.00 113525 79825 0 33700 FIRST DATA CORP 319963104 5,137,192.75 58879 X 40759 0 18120 567,125.00 6500 X 5000 0 1500 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 210,828,894.45 4612514 4094335 0 518179
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 14 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- ----------------- -------------- ------------- ---------- ---------- 5,704,317.75 65379 45759 0 19620 FLEETBOSTON FINANCIAL CORP 339030108 11,514,440.00 328984 X 276175 0 52809 1,265,390.00 36154 X 29754 0 6400 ----------------- -------------- ------------- ---------- ---------- 12,779,830.00 365138 305929 0 59209 FLEXTRONICS INTL LTD Y2573F102 6,544,139.75 358583 X 290733 0 67850 1,541,395.00 84460 X 68360 0 16100 ----------------- -------------- ------------- ---------- ---------- 8,085,534.75 443043 359093 0 83950 FPL GROUP INC 302571104 587,401.20 9864 X 9764 0 100 93,433.95 1569 X 1569 0 0 ----------------- -------------- ------------- ---------- ---------- 680,835.15 11433 11333 0 100 GAMEWRIGHT INC 364625996 20,000.41 65700 X 59450 0 6250 27,534.79 90450 X 90450 0 0 ----------------- -------------- ------------- ---------- ---------- 47,535.20 156150 149900 0 6250 GANNETT INC 364730101 918,527.00 12070 X 11270 0 800 125,565.00 1650 X 1650 0 0 ----------------- -------------- ------------- ---------- ---------- 1,044,092.00 13720 12920 0 800 GENERAL ELEC CO 369604103 133,801,472.35 3572803 X 3206432 0 366371 27,684,500.55 739239 X 691999 0 47240 ----------------- -------------- ------------- ---------- ---------- 161,485,972.90 4312042 3898431 0 413611 GENERAL MLS INC 370334104 6,027,015.30 123378 X 120378 0 3000 1,221,250.00 25000 X 20200 0 4800 ----------------- -------------- ------------- ---------- ---------- 7,248,265.30 148378 140578 0 7800 GENERAL MTRS CORP NEW H 370442832 259,877.10 15798 X 798 0 15000 GENZYME CORP 372917104 17,725,303.64 405892 X 355880 0 50012 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 209,357,246.04 5871594 5234862 0 636732
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 15 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) ---------------------------------------------------------------------------------------------------------------------------------- INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- 6,603,515.38 151214 X 98046 0 53168 ----------------- ------------- ------------ --------- --------- 24,328,819.02 557106 453926 0 103180 GENZYME CORP - BIOSURGERY 372917708 141,212.16 20736 X 20736 0 0 DIVISION 83,347.59 12239 X 10731 0 1508 ----------------- ------------- ------------ --------- --------- 224,559.75 32975 31467 0 1508 GENZYME CORP MOLECULAR 372917500 833,935.60 143782 X 104082 0 39700 ONCOLOGY DIV 290,951.20 50164 X 20500 0 29664 ----------------- ------------- ------------ --------- --------- 1,124,886.80 193946 124582 0 69364 GEOPETRO COMPANY 373160993 178,500.00 357000 X 357000 0 0 GEORGIA PAC CORP 373298108 210,788.10 7038 X 7038 0 0 119,800.00 4000 X 4000 0 0 ----------------- ------------- ------------ --------- --------- 330,588.10 11038 11038 0 0 GILLETTE CO 375766102 8,622,113.17 253517 X 197187 0 56330 1,572,214.28 46228 X 43560 0 2668 ----------------- ------------- ------------ --------- --------- 10,194,327.45 299745 240747 0 58998 GREAT LAKES CHEM CORP 390568103 233,811.00 8300 X 8300 0 0 33,437.79 1187 X 1187 0 0 ----------------- ------------- ------------ --------- --------- 267,248.79 9487 9487 0 0 GSI LUMONICS 36229U102 297,394.50 29445 X 29445 0 0 HALLIBURTON CO 406216101 194,598.00 11400 X 11400 0 0 17,070.00 1000 X 1000 0 0 ----------------- ------------- ------------ --------- --------- 211,668.00 12400 12400 0 0 HARDING ENERGY INC 411699911 208,000.00 832 X 0 0 832 ----------------- ------------- ------------ --------- --------- SUBTOTALS FOR THIS PAGE 19,640,688.77 1098082 914212 0 183870
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 16 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) ---------------------------------------------------------------------------------------------------------------------------------- INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- HARTFORD FINL SVCS GROUP 416515104 930,927.92 13666 X 13666 0 0 HEARST-ARGYLE TELEVISION INC. 422317107 321,490.00 13000 X 13000 0 0 HEINZ H J CO 423074103 185,007.00 4458 X 4458 0 0 286,350.00 6900 X 6900 0 0 ----------------- ------------- ------------ --------- --------- 471,357.00 11358 11358 0 0 HELIX TECHNOLOGY CORP 423319102 325,362.00 12850 X 12850 0 0 HELMERICH & PAYNE INC 423452101 220,495.00 5500 X 5500 0 0 HERSHEY FOODS CORP 427866108 411,240.00 6000 X 6000 0 0 HEWLETT PACKARD CO 428236103 7,528,126.32 419628 X 374108 0 45520 2,281,968.00 127200 X 118700 0 8500 ----------------- ------------- ------------ --------- --------- 9,810,094.32 546828 492808 0 54020 HITCHINER MFG CO INC 43363*101 146,000.00 14600 X 0 0 14600 HOME DEPOT INC 437076102 59,120,162.54 1216214 X 1004587 0 211627 13,750,019.04 282864 X 234905 0 47959 ----------------- ------------- ------------ --------- --------- 72,870,181.58 1499078 1239492 0 259586 HOUSEHOLD INTL INC 441815107 227,200.00 4000 X 4000 0 0 HUBBELL INC B 443510201 1,167,917.10 35499 X 22131 0 13368 38,032.40 1156 X 1156 0 0 ----------------- ------------- ------------ --------- --------- 1,205,949.50 36655 23287 0 13368 IBM CORP 459200101 64,639,640.00 621535 X 550830 0 70705 10,074,272.00 96868 X 86858 0 10010 ----------------- ------------- ------------ --------- --------- 74,713,912.00 718403 637688 0 80715 ILLINOIS GAS CO 4520459A7 2,000,000.00 1000 X 1000 0 0 ----------------- ------------- ------------ --------- --------- SUBTOTALS FOR THIS PAGE 163,654,209.32 2882938 2460649 0 422289
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 17 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE - ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- ILLINOIS TOOL WKS INC 452308109 607,740.00 8400 X 6100 0 2300 226,672.55 3133 X 3133 0 0 ----------------- -------------- ------------- ---------- ---------- 834,412.55 11533 9233 0 2300 IMS HEALTH INCORPORATED 449934108 2,003,595.15 89247 X 86047 0 3200 334,505.00 14900 X 13400 0 1500 ----------------- -------------- ------------- ---------- ---------- 2,338,100.15 104147 99447 0 4700 INFORMATION MAPPING INC 4567099A4 0.00 28667 X 28667 0 0 INTEL CORP 458140100 55,753,116.21 1833381 X 1395621 0 437760 13,910,567.94 457434 X 380984 0 76450 ----------------- -------------- ------------- ---------- ---------- 69,663,684.15 2290815 1776605 0 514210 INTERNATIONAL PAPER C0 460146103 651,558.49 15149 X 13149 0 2000 357,069.02 8302 X 8302 0 0 ----------------- -------------- ------------- ---------- ---------- 1,008,627.51 23451 21451 0 2000 INTERNATIONAL THERAPEUTICS INC 4604159A2 40,000.00 16000 X 16000 0 0 INTERPUBLIC GROUP COS 460690100 15,701,816.88 458046 X 396976 0 61070 4,084,530.56 119152 X 116232 0 2920 ----------------- -------------- ------------- ---------- ---------- 19,786,347.44 577198 513208 0 63990 INVESTORS FINL SVCS 461915100 30,115.80 396 X 0 0 396 1,960,264.80 25776 X 25776 0 0 ----------------- -------------- ------------- ---------- ---------- 1,990,380.60 26172 25776 0 396 IRON MOUNTAIN INC NEW 462846106 10,827,209.64 341337 X 289725 0 51612 2,954,718.00 93150 X 70950 0 22200 ----------------- -------------- ------------- ---------- ---------- 13,781,927.64 434487 360675 0 73812 J P MORGAN CHASE & CO 46625H100 2,850,467.05 79957 X 32577 0 47380 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 112,293,947.09 3592427 2883639 0 708788
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 18 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE - ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- 1,112,137.40 31196 X 30096 0 1100 ----------------- -------------- ------------- ---------- ---------- 3,962,604.45 111153 62673 0 48480 JEFFERSON PILOT CORP 475070108 815,052.00 16275 X 16275 0 0 JOHN HANCOCK FINANCIAL 41014S106 609,741.54 15966 X 15966 0 0 SERVICES INC 48,577.68 1272 X 1272 0 0 ----------------- -------------- ------------- ---------- ---------- 658,319.22 17238 17238 0 0 JOHNSON & JOHNSON 478160104 40,239,382.80 619544 X 526344 0 93200 16,384,871.55 252269 X 199474 0 52795 ----------------- -------------- ------------- ---------- ---------- 56,624,254.35 871813 725818 0 145995 JOHNSON CTLS INC 478366107 1,827,310.52 20692 X 12992 0 7700 185,451.00 2100 X 600 0 1500 ----------------- -------------- ------------- ---------- ---------- 2,012,761.52 22792 13592 0 9200 KELLOGG CO 487836108 143,948.16 4288 X 4288 0 0 67,140.00 2000 X 2000 0 0 ----------------- -------------- ------------- ---------- ---------- 211,088.16 6288 6288 0 0 KEYCORP NEW 493267108 202,753.20 7608 X 7608 0 0 KIMBERLY CLARK CORP 494368103 4,584,072.90 70906 X 69916 0 990 400,830.00 6200 X 6200 0 0 ----------------- -------------- ------------- ---------- ---------- 4,984,902.90 77106 76116 0 990 KINDER MORGAN ENERGY PART 494550106 349,800.00 10600 X 10600 0 0 192,654.00 5838 X 5838 0 0 ----------------- -------------- ------------- ---------- ---------- 542,454.00 16438 16438 0 0 KINNEY OIL CO 496625997 0.00 29904 X 29904 0 0 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 67,163,722.75 1096658 939373 0 157285
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 19 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) - ------------------------------------------------------------------------------------------------------------------------------------ INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE - ------------------------------ ------------ ----------------- -------------- ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- KLA-TENCOR CORP 482480100 9,186,110.50 138137 X 134537 0 3600 LEADVILLE CORP 5217119A1 136,308.75 181745 X 181745 0 0 LIBERTY MEDIA CORP A 530718105 2,703,064.00 213850 X 115650 0 98200 173,218.56 13704 X 5004 0 8700 ----------------- -------------- ------------- ---------- ---------- 2,876,282.56 227554 120654 0 106900 LILLY ELI & CO 532457108 5,833,643.40 76557 X 59457 0 17100 1,628,241.60 21368 X 19068 0 2300 ----------------- -------------- ------------- ---------- ---------- 7,461,885.00 97925 78525 0 19400 LINCOLN NATL CORP IND 534187109 4,961,394.00 97800 X 77450 0 20350 781,242.00 15400 X 9100 0 6300 ----------------- -------------- ------------- ---------- ---------- 5,742,636.00 113200 86550 0 26650 LINEAR TECHNOLOGY CORP 535678106 25,345,798.50 573175 X 480567 0 92608 12,399,155.34 280397 X 101997 0 178400 ----------------- -------------- ------------- ---------- ---------- 37,744,953.84 853572 582564 0 271008 LUCENT TECHNOLOGIES INC 549463107 63,457.68 13416 X 3316 0 10100 246,281.64 52068 X 52068 0 0 ----------------- -------------- ------------- ---------- ---------- 309,739.32 65484 55384 0 10100 M & T BANK CORP 55261F104 1,095,443.10 13630 X 13630 0 0 MANPOWER INC 56418H100 447,120.00 11500 X 0 0 11500 MARATHON OIL CORP 565849106 994,320.00 34525 X 34525 0 0 MARSH & MCLENNAN COS 571748102 1,957,279.14 17361 X 8861 0 8500 287,599.74 2551 X 2551 0 0 ----------------- -------------- ------------- ---------- ---------- 2,244,878.88 19912 11412 0 8500 MASCO CORP 574599106 9,996,192.00 364160 X 364160 0 0 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 78,235,869.95 2121344 1663686 0 457658
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 20 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) - ------------------------------------------------------------------------------------------------------------------------------------ INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE - ------------------------------ ------------ ----------------- -------------- ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- 681,034.50 24810 X 24810 0 0 ----------------- -------------- ------------- ---------- ---------- 10,677,226.50 388970 388970 0 0 MATRITECH INC 576818108 71,128.80 32040 X 22040 0 10000 61,960.20 27910 X 27910 0 0 ----------------- -------------- ------------- ---------- ---------- 133,089.00 59950 49950 0 10000 MAXIM INTERGRATED PRODUCTS INC 57772K101 724,230.00 13000 X 13000 0 0 MAY DEPT STORES CO 577778103 522,750.00 15000 X 15000 0 0 MBIA INC 55262C100 8,651,247.03 158187 X 142362 0 15825 2,204,553.90 40310 X 30560 0 9750 ----------------- -------------- ------------- ---------- ---------- 10,855,800.93 198497 172922 0 25575 MBNA CORP 55262L100 497,167.30 12890 X 12890 0 0 92,683.71 2403 X 2403 0 0 ----------------- -------------- ------------- ---------- ---------- 589,851.01 15293 15293 0 0 MCDONALDS CORP 580135101 2,311,408.50 83294 X 47794 0 35500 147,075.00 5300 X 5300 0 0 ----------------- -------------- ------------- ---------- ---------- 2,458,483.50 88594 53094 0 35500 MCGRAW HILL COS INC 580645109 436,800.00 6400 X 6400 0 0 70,980.00 1040 X 1040 0 0 ----------------- -------------- ------------- ---------- ---------- 507,780.00 7440 7440 0 0 MED-DESIGN CORP 583926100 112,400.00 8000 X 8000 0 0 28,100.00 2000 X 2000 0 0 ----------------- -------------- ------------- ---------- ---------- 140,500.00 10000 10000 0 0 MEDIMUNE INC 584699102 1,361,250.63 34611 X 33323 0 1288 MEDTRONIC INC 585055106 20,051,765.25 443525 X 330908 0 112617 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 38,026,534.82 910720 725740 0 184980
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 21 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) - ------------------------------------------------------------------------------------------------------------------------------------ INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- 2,023,147.50 44750 X 34050 0 10700 ----------------- -------------- ------------- ---------- ---------- 22,074,912.75 488275 364958 0 123317 MELLON FINANCIAL CORP 58551A108 509,388.00 13200 X 12200 0 1000 15,436.00 400 X 400 0 0 ----------------- -------------- ------------- ---------- ---------- 524,824.00 13600 12600 0 1000 MERCK & CO INC 589331107 128,275,687.56 2227782 X 1246896 0 980886 40,360,470.68 700946 X 297679 0 403267 ----------------- -------------- ------------- ---------- ---------- 168,636,158.24 2928728 1544575 0 1384153 MERIDIAN MEDICAL TECHNOLOGIES 589658103 837,588.69 23157 X 23157 0 0 MESSAGEBLASTER.COM 590743894 3,938.40 39384 X 39384 0 0 2,423.40 24234 X 24234 0 0 ----------------- -------------- ------------- ---------- ---------- 6,361.80 63618 63618 0 0 MGI PPTYS LIQUIDATING TRUST 552885105 238,800.40 597001 X 594873 0 2128 400.00 1000 X 1000 0 0 ----------------- -------------- ------------- ---------- ---------- 239,200.40 598001 595873 0 2128 MICROSOFT CORP 594918104 33,241,846.73 551183 X 472432 0 78751 9,740,306.24 161504 X 132054 0 29450 ----------------- -------------- ------------- ---------- ---------- 42,982,152.97 712687 604486 0 108201 MIDCAP SPDR TR UNIT 1 595635103 5,438,940.00 55050 X 55050 0 0 MILLIPORE CORP 601073109 6,394,803.52 144548 X 144548 0 0 301,716.80 6820 X 4020 0 2800 ----------------- -------------- ------------- ---------- ---------- 6,696,520.32 151368 148568 0 2800 MINNESOTA MNG & MFG CO 604059105 26,021,127.51 226251 X 212577 0 13674 3,559,789.52 30952 X 30952 0 0 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 256,965,810.95 4848162 3325506 0 1522656
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 22 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) - ------------------------------------------------------------------------------------------------------------------------------------ INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- ----------------- -------------- ------------- ---------- ---------- 29,580,917.03 257203 243529 0 13674 MKS INSTRUMENTS 55306N104 239,680.00 7000 X 7000 0 0 MOLDFLOW CORPORATION 608507109 163,782.00 12132 X 12132 0 0 MOODYS CORP 615369105 365,790.00 8900 X 8900 0 0 57,540.00 1400 X 1400 0 0 ----------------- -------------- ------------- ---------- ---------- 423,330.00 10300 10300 0 0 MORGAN STANLEY DEAN WITTER 617446448 248,037.68 4328 X 4328 0 0 11,462.00 200 X 200 0 0 ----------------- -------------- ------------- ---------- ---------- 259,499.68 4528 4528 0 0 MOTOROLA INC 620076109 2,226,503.20 156796 X 112476 0 44320 609,180.00 42900 X 42900 0 0 ----------------- -------------- ------------- ---------- ---------- 2,835,683.20 199696 155376 0 44320 MYKROLIS CORP 62852P103 1,511,676.43 98867 X 98867 0 0 70,242.26 4594 X 2700 0 1894 ----------------- -------------- ------------- ---------- ---------- 1,581,918.69 103461 101567 0 1894 MYLAN LABS INC 628530107 224,544.12 7622 X 7622 0 0 248,819.16 8446 X 8446 0 0 ----------------- -------------- ------------- ---------- ---------- 473,363.28 16068 16068 0 0 NATIONAL CITY CORP 635405103 241,466.00 7850 X 7850 0 0 75,362.00 2450 X 2450 0 0 ----------------- -------------- ------------- ---------- ---------- 316,828.00 10300 10300 0 0 NATIONAL SEMICONDUCTOR 637640103 206,688.15 6135 X 6135 0 0 NETWORK ENGINES 64121A107 27,600.00 30000 X 0 0 30000 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 6,528,373.00 399620 323406 0 76214
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 23 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE - ------------------------------ ------------ ----------------- -------------- ---- --- ---- ------------- ---------- ---------- COMMON (cont.) -------------- NEW ENGLAND BUSINESS SVC 643872104 462,060.00 18000 X 18000 0 0 NEW YORK TIMES CO CL A 650111107 2,385,342.40 49840 X 6034 0 43806 NEWMONT MNG CORP 651639106 1,398,234.24 50496 X 50496 0 0 NORDSTROM INC 655664100 408,831.50 16687 X 16687 0 0 NORTHERN TR CORP 665859104 1,001,071.94 16654 X 12654 0 4000 1,622,970.00 27000 X 27000 0 0 ----------------- -------------- ------------- ---------- ---------- 2,624,041.94 43654 39654 0 4000 NOVEN PHARMACEUTICALS 670009109 626,348.00 30200 X 30200 0 0 342,728.50 16525 X 16525 0 0 ----------------- -------------- ------------- ---------- ---------- 969,076.50 46725 46725 0 0 O REILLY AUTOMOTIVE INC 686091109 732,424.00 23200 X 19200 0 4000 OCEAN NATL CORP 674856109 1,293,750.90 3567 X 3567 0 0 OMNICOM GROUP INC 681919106 414,321.60 4389 X 3389 0 1000 ORACLE CORP 68389X105 387,584.00 30280 X 20880 0 9400 175,974.40 13748 X 5748 0 8000 ----------------- -------------- ------------- ---------- ---------- 563,558.40 44028 26628 0 17400 OVERSEAS PARTNERS LTD 690350921 3,768,028.00 259864 X 259864 0 0 PANERA BREAD CO CL A 69840W108 68,806.80 1080 X 80 0 1000 3,266,093.15 51265 X 0 0 51265 ----------------- -------------- ------------- ---------- ---------- 3,334,899.95 52345 80 0 52265 PARAMETRIC TECHNOLOGY CRP 699173100 300,792.00 49800 X 49800 0 0 457,832.00 75800 X 21400 0 54400 ----------------- -------------- ------------- ---------- ---------- 758,624.00 125600 71200 0 54400 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 19,113,193.43 738395 561524 0 176871
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 24 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE - ------------------------------ ------------ ----------------- -------------- ---- --- ---- ------------- ---------- ---------- COMMON (cont.) -------------- PAYCHEX INC 704326107 68,733,880.40 1731332 X 1447338 0 283994 21,192,971.60 533828 X 362550 0 171278 ----------------- -------------- ------------- ---------- ---------- 89,926,852.00 2265160 1809888 0 455272 PENNEY J C CO INC 708160106 260,946.00 12600 X 12600 0 0 PEPSICO INC 713448108 9,348,434.50 181523 X 144623 0 36900 1,959,369.00 38046 X 33446 0 4600 ----------------- -------------- ------------- ---------- ---------- 11,307,803.50 219569 178069 0 41500 PFIZER INC 717081103 65,408,662.10 1645915 X 1388351 0 257564 14,333,462.94 360681 X 333131 0 27550 ----------------- -------------- ------------- ---------- ---------- 79,742,125.04 2006596 1721482 0 285114 PHARMACIA CORP 71713U102 4,593,020.88 101886 X 85736 0 16150 913,591.28 20266 X 20266 0 0 ----------------- -------------- ------------- ---------- ---------- 5,506,612.16 122152 106002 0 16150 PHILIP MORRIS COS INC 718154107 1,290,309.66 24498 X 24498 0 0 16,064.35 305 X 305 0 0 ----------------- -------------- ------------- ---------- ---------- 1,306,374.01 24803 24803 0 0 PHILLIPS PETE CO 718507106 441,609.60 7032 X 6032 0 1000 PITNEY BOWES INC 724479100 1,254,040.00 29300 X 29300 0 0 389,480.00 9100 X 9100 0 0 ----------------- -------------- ------------- ---------- ---------- 1,643,520.00 38400 38400 0 0 PLUM CREEK TIMBER CO 729251108 613,511.50 20650 X 18450 0 2200 378,059.75 12725 X 12425 0 300 ----------------- -------------- ------------- ---------- ---------- 991,571.25 33375 30875 0 2500 PNC FINANCIAL SERVICES GROUP 693475105 1,174,459.00 19100 X 18900 0 200 92,235.00 1500 X 1500 0 0 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 192,394,107.56 4750287 3948551 0 801736
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 25 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) - ------------------------------------------------------------------------------------------------------------------------------------ INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- ----------------- -------------- ------------- ---------- ---------- 1,266,694.00 20600 20400 0 200 POINT THERAPEUTICS 9899469P5 70,000.00 7000 X 7000 0 0 55,000.00 5500 X 5500 0 0 ----------------- -------------- ------------- ---------- ---------- 125,000.00 12500 12500 0 0 POLARIS VENTURE PARTNERS 731111910 91,454.09 186641 X 186641 0 0 POLYMEDICA CORPORATION 731738100 30,540.00 1200 X 1200 0 0 356,300.00 14000 X 14000 0 0 ----------------- -------------- ------------- ---------- ---------- 386,840.00 15200 15200 0 0 POTOMAC ELEC PWR CO 737679100 476,340.00 20400 X 20400 0 0 PPG INDS INC 693506107 231,006.37 4207 X 607 0 3600 PRAECIS PHARMACEUTICALS 739421105 72,914.40 14022 X 14022 0 0 PRIAM CORP 741400105 0.00 26550 X 26550 0 0 PROCTER & GAMBLE CO 742718109 67,856,418.63 753207 X 720690 0 32517 12,670,257.60 140640 X 124890 0 15750 ----------------- -------------- ------------- ---------- ---------- 80,526,676.23 893847 845580 0 48267 PROGRESS ENERGY INC 743263105 2,441,952.00 48800 X 45800 0 3000 437,699.88 8747 X 8747 0 0 ----------------- -------------- ------------- ---------- ---------- 2,879,651.88 57547 54547 0 3000 PROGRESSIVE CORP OHIO 743315103 1,307,967.00 7850 X 7850 0 0 2,771,557.08 16634 X 16634 0 0 ----------------- -------------- ------------- ---------- ---------- 4,079,524.08 24484 24484 0 0 PROVIDIAN FINL CORP 74406A102 47,066.70 6234 X 5196 0 1038 107,179.80 14196 X 14196 0 0 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 89,023,653.55 1275828 1219923 0 55905
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 26 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) - ------------------------------------------------------------------------------------------------------------------------------------ INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- ----------------- -------------- ------------- ---------- ---------- 154,246.50 20430 19392 0 1038 PULITZER INC 745769109 267,500.00 5000 X 5000 0 0 PUMATECH INC 745887109 771,932.00 580400 X 534000 0 46400 550,886.00 414200 X 189000 0 225200 ----------------- -------------- ------------- ---------- ---------- 1,322,818.00 994600 723000 0 271600 QUESTECH CORPORATION 4580999F7 70,200.00 15600 X 15600 0 0 94,050.00 20900 X 20900 0 0 ----------------- -------------- ------------- ---------- ---------- 164,250.00 36500 36500 0 0 QUINTILES TRANSNATIONAL 748767100 213,000.00 12000 X 0 0 12000 QWEST COMMUNICATIONS INTL INC 749121109 206,938.50 25175 X 21875 0 3300 63,557.04 7732 X 7266 0 466 ----------------- -------------- ------------- ---------- ---------- 270,495.54 32907 29141 0 3766 RAVINE BEECH CO INC 753865997 4,368,693.00 12887 X 12887 0 0 RAYTHEON INC (NEW) 755111507 5,231,370.95 127439 X 112989 0 14450 114,940.00 2800 X 2800 0 0 ----------------- -------------- ------------- ---------- ---------- 5,346,310.95 130239 115789 0 14450 REED & BARTON CORP 758140909 17,612,236.50 9979 X 0 0 9979 ROCHDALE CORP 7713159A8 240,125.00 21250 X 21250 0 0 SABINE ROYALTY TRUST U/B/I 785688102 400,980.00 16400 X 13400 0 3000 48,900.00 2000 X 2000 0 0 ----------------- -------------- ------------- ---------- ---------- 449,880.00 18400 15400 0 3000 SAFE ROOF SYSTEMS INC 793743A96 210,000.00 8400 X 8400 0 0 SAPIENT CORP 803062108 299,250.00 63000 X 43300 0 19700 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 30,764,558.99 1345162 1010667 0 334495
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 27 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) ---------------------------------------------------------------------------------------------------------------------------------- INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- 9,500.00 2000 X 2000 0 0 ----------------- -------------- ------------- ---------- ---------- 308,750.00 65000 45300 0 19700 SARA LEE CORP 803111103 386,136.00 18600 X 17000 0 1600 398,592.00 19200 X 19200 0 0 ----------------- -------------- ------------- ---------- ---------- 784,728.00 37800 36200 0 1600 SBC COMMUNICATIONS INC 78387G103 4,765,026.24 127271 X 110471 0 16800 837,383.04 22366 X 21366 0 1000 ----------------- -------------- ------------- ---------- ---------- 5,602,409.28 149637 131837 0 17800 SCHERING PLOUGH CORP 806605101 7,076,491.80 226086 X 128992 0 97094 1,508,347.00 48190 X 40190 0 8000 ----------------- -------------- ------------- ---------- ---------- 8,584,838.80 274276 169182 0 105094 SCHLUMBERGER LTD 806857108 4,669,308.06 79383 X 73033 0 6350 975,353.24 16582 X 16582 0 0 ----------------- -------------- ------------- ---------- ---------- 5,644,661.30 95965 89615 0 6350 SCHOLASTIC CORP 807066105 270,950.00 5000 X 4800 0 200 65,028.00 1200 X 1200 0 0 ----------------- -------------- ------------- ---------- ---------- 335,978.00 6200 6000 0 200 SCHWAB CHARLES CORP 808513105 227,883.81 17409 X 17409 0 0 SEALED AIR CORP NEW 81211K100 8,951,838.28 190141 X 190141 0 0 1,497,144.00 31800 X 31800 0 0 ----------------- -------------- ------------- ---------- ---------- 10,448,982.28 221941 221941 0 0 SHERWIN WILLIAMS CO 824348106 3,769,783.68 132366 X 120366 0 12000 781,348.80 27435 X 23435 0 4000 ----------------- -------------- ------------- ---------- ---------- 4,551,132.48 159801 143801 0 16000 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 36,190,113.95 965029 817985 0 147044
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 28 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) ---------------------------------------------------------------------------------------------------------------------------------- INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- SKLAR CORP 8306299A1 0.00 10000 X 10000 0 0 SONAMED CORP 8354099C9 948,955.00 713500 X 563500 0 150000 375,060.00 282000 X 282000 0 0 ----------------- -------------- ------------- ---------- ---------- 1,324,015.00 995500 845500 0 150000 SOUTHERN CO 842587107 184,900.20 6980 X 5480 0 1500 250,966.26 9474 X 8960 0 514 ----------------- -------------- ------------- ---------- ---------- 435,866.46 16454 14440 0 2014 SPRINT CORP FON GROUP 852061100 1,436,740.14 93966 X 93966 0 0 29,343,436.54 1919126 X 1919126 0 0 ----------------- -------------- ------------- ---------- ---------- 30,780,176.68 2013092 2013092 0 0 SPRINT CORP PCS SER 1 852061506 735,148.47 71443 X 67343 0 4100 7,567,677.60 735440 X 734440 0 1000 ----------------- -------------- ------------- ---------- ---------- 8,302,826.07 806883 801783 0 5100 ST JUDE MED INC 790849103 3,522,669.00 45660 X 25900 0 19760 424,325.00 5500 X 5500 0 0 ----------------- -------------- ------------- ---------- ---------- 3,946,994.00 51160 31400 0 19760 ST PAUL COS INC 792860108 229,250.00 5000 X 5000 0 0 676,012.40 14744 X 14744 0 0 ----------------- -------------- ------------- ---------- ---------- 905,262.40 19744 19744 0 0 STANDARD & POORS DEPOSITORY 78462F103 1,162,378.00 10150 X 10150 0 0 RECEIPTS STAPLES INC 855030102 13,169,156.59 659447 X 548030 0 111417 2,674,861.68 133944 X 124644 0 9300 ----------------- -------------- ------------- ---------- ---------- 15,844,018.27 793391 672674 0 120717 STATE STREET CORP 857477103 31,348,735.08 566066 X 489056 0 77010 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 94,050,271.96 5282440 4907839 0 374601
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 29 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) - ----------------------------------------------------------------------------------------------------------------------------------- INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- 13,207,133.16 238482 X 185082 0 53400 ----------------- -------------- ------------- ---------- ---------- 44,555,868.24 804548 674138 0 130410 STRYKER CORP 863667101 10,963,770.90 181730 X 126370 0 55360 2,573,074.50 42650 X 34200 0 8450 ----------------- -------------- ------------- ---------- ---------- 13,536,845.40 224380 160570 0 63810 SUN MICROSYSTEMS INC 866810104 100,548.00 11400 X 11400 0 0 22,932.00 2600 X 2600 0 0 ----------------- -------------- ------------- ---------- ---------- 123,480.00 14000 14000 0 0 SUNGARD DATA SYSTEMS INC 867363103 201,117.00 6100 X 4900 0 1200 SUNTRUST BKS INC 867914103 12,173,353.71 182427 X 180427 0 2000 2,295,512.00 34400 X 34400 0 0 ----------------- -------------- ------------- ---------- ---------- 14,468,865.71 216827 214827 0 2000 SYMBOL TECHNOLOGIES INC 871508107 899,200.00 80000 X 80000 0 0 SYNOVUS FINL CORP 87161C105 526,084.80 17260 X 12300 0 4960 597,408.00 19600 X 15600 0 4000 ----------------- -------------- ------------- ---------- ---------- 1,123,492.80 36860 27900 0 8960 SYSCO CORP 871829107 21,206,015.88 711134 X 546784 0 164350 3,471,048.00 116400 X 97700 0 18700 ----------------- -------------- ------------- ---------- ---------- 24,677,063.88 827534 644484 0 183050 TARGET CORP 87612E106 573,496.00 13300 X 11900 0 1400 142,296.00 3300 X 3300 0 0 ----------------- -------------- ------------- ---------- ---------- 715,792.00 16600 15200 0 1400 TBM HOLDINGS INC 872197108 10,100.00 10000 X 10000 0 0 TECH DATA CORPORATION 878237106 275,340.00 6000 X 6000 0 0 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 69,238,429.95 1676783 1362963 0 313820
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 30 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) - ------------------------------------------------------------------------------------------------------------------------------------ INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- TECO ENERGY INC 872375100 1,207,384.36 42172 X 40172 0 2000 589,778.00 20600 X 20600 0 0 ----------------- -------------- ------------- ---------- ---------- 1,797,162.36 62772 60772 0 2000 TEKTRONIX INC 879131100 2,392,026.00 101100 X 97450 0 3650 979,287.40 41390 X 41390 0 0 ----------------- -------------- ------------- ---------- ---------- 3,371,313.40 142490 138840 0 3650 TELEFONICA DE ESPANA S A ADR 879382208 206,771.95 6245 X 6245 0 0 49,665.00 1500 X 1500 0 0 ----------------- -------------- ------------- ---------- ---------- 256,436.95 7745 7745 0 0 TELLABS INC 879664100 418,800.00 40000 X 40000 0 0 TEMPLE INLAND INC 879868107 283,600.00 5000 X 5000 0 0 TERADYNE INC 880770102 1,340.62 34 X 34 0 0 2,893,688.84 73388 X 73388 0 0 ----------------- -------------- ------------- ---------- ---------- 2,895,029.46 73422 73422 0 0 TEXAS INSTRS INC 882508104 6,473,135.30 195563 X 171243 0 24320 636,579.20 19232 X 11432 0 7800 ----------------- -------------- ------------- ---------- ---------- 7,109,714.50 214795 182675 0 32120 THERMO ELECTRON CORP 883556102 1,495,151.25 72125 X 62925 0 9200 10,365.00 500 X 500 0 0 ----------------- -------------- ------------- ---------- ---------- 1,505,516.25 72625 63425 0 9200 TIER TECHNOLOGIES B 88650Q100 1,936,293.25 109705 X 94205 0 15500 8,825.00 500 X 500 0 0 ----------------- -------------- ------------- ---------- ---------- 1,945,118.25 110205 94705 0 15500 TIFFANY & CO 886547108 11,230,458.30 315906 X 286806 0 29100 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 30,813,149.47 1044960 953390 0 91570
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 31 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) ---------------------------------------------------------------------------------------------------------------------------------- INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- 1,109,160.00 31200 X 30800 0 400 ----------------- -------------- ------------- ---------- ---------- 12,339,618.30 347106 317606 0 29500 TJX COMPANIES INC NEW 872540109 104,026.00 2600 X 2600 0 0 680,170.00 17000 X 0 0 17000 ----------------- -------------- ------------- ---------- ---------- 784,196.00 19600 2600 0 17000 TRANSOCEAN SEDCO FOREX INC G90078109 160,700.28 4836 X 2601 0 2235 39,842.77 1199 X 1199 0 0 ----------------- -------------- ------------- ---------- ---------- 200,543.05 6035 3800 0 2235 TRIBUNE CO 896047107 94,115,292.48 2070288 X 2027088 0 43200 2,350,282.00 51700 X 47700 0 4000 ----------------- -------------- ------------- ---------- ---------- 96,465,574.48 2121988 2074788 0 47200 TRW INC 872649108 836,902.20 16260 X 16260 0 0 620,059.09 12047 X 5147 0 6900 ----------------- -------------- ------------- ---------- ---------- 1,456,961.29 28307 21407 0 6900 TXU CORP 873168108 171,597.48 3148 X 3148 0 0 408,825.00 7500 X 7500 0 0 ----------------- -------------- ------------- ---------- ---------- 580,422.48 10648 10648 0 0 TYCO INTL LTD NEW 902124106 23,165,004.48 716739 X 706089 0 10650 1,276,058.24 39482 X 37132 0 2350 ----------------- -------------- ------------- ---------- ---------- 24,441,062.72 756221 743221 0 13000 U S BANCORP 902973304 4,624,796.13 204909 X 204909 0 0 157,967.43 6999 X 6999 0 0 ----------------- -------------- ------------- ---------- ---------- 4,782,763.56 211908 211908 0 0 UNION PAC CORP 907818108 549,939.00 8850 X 8850 0 0 459,836.00 7400 X 7400 0 0 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 130,830,458.58 3202157 3115422 0 86735
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 32 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) ---------------------------------------------------------------------------------------------------------------------------------- INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- ----------------- -------------- ------------- ---------- ---------- 1,009,775.00 16250 16250 0 0 UNITED PARCEL SERVICE CLASS B 911312106 109,742,236.80 1804971 X 1702166 0 102805 7,162,240.00 117800 X 88300 0 29500 ----------------- -------------- ------------- ---------- ---------- 116,904,476.80 1922771 1790466 0 132305 UNITED TECHNOLOGIES CORP 913017109 39,142,726.00 527530 X 466620 0 60910 7,349,658.40 99052 X 91252 0 7800 ----------------- -------------- ------------- ---------- ---------- 46,492,384.40 626582 557872 0 68710 UNOCAL CORP 915289102 2,102,521.00 53980 X 36350 0 17630 259,017.50 6650 X 2400 0 4250 ----------------- -------------- ------------- ---------- ---------- 2,361,538.50 60630 38750 0 21880 VA SOFTWARE CORP 91819B105 11,393.40 6702 X 6702 0 0 5,746.00 3380 X 3380 0 0 ----------------- -------------- ------------- ---------- ---------- 17,139.40 10082 10082 0 0 VALSPAR CORP 920355104 324,714.00 6900 X 6900 0 0 VARIAN INC 922206107 686,714.00 18100 X 17600 0 500 7,588.00 200 X 200 0 0 ----------------- -------------- ------------- ---------- ---------- 694,302.00 18300 17800 0 500 VARIAN MEDICAL SYSTEMS INC 92220P105 2,221,688.00 54320 X 49920 0 4400 212,680.00 5200 X 5200 0 0 ----------------- -------------- ------------- ---------- ---------- 2,434,368.00 59520 55120 0 4400 VARIAN SEMICONDUCTOR EQUIPMENT 922207105 646,200.00 14360 X 13860 0 500 ASSOC INC 324,000.00 7200 X 7200 0 0 ----------------- -------------- ------------- ---------- ---------- 970,200.00 21560 21060 0 500 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 170,199,123.10 2726345 2498050 0 228295
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 33 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) ---------------------------------------------------------------------------------------------------------------------------------- INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- VECTRIX CORPORATION 9224RM9A9 0.00 62963 X 62963 0 0 VERIZON COMMUNICATIONS INC 92343V104 13,281,179.50 288095 X 253541 0 34554 2,594,624.36 56283 X 52083 0 4200 ----------------- -------------- ------------- ---------- ---------- 15,875,803.86 344378 305624 0 38754 VERTEX PHARMACEUTICALS 92532F100 15,340,886.12 550642 X 466492 0 84150 4,552,714.04 163414 X 91064 0 72350 ----------------- -------------- ------------- ---------- ---------- 19,893,600.16 714056 557556 0 156500 VIACOM INC CL B 925524308 15,258,461.61 315453 X 235460 0 79993 2,299,606.54 47542 X 33842 0 13700 ----------------- -------------- ------------- ---------- ---------- 17,558,068.15 362995 269302 0 93693 VICOR CORP 925815102 401,544.00 23760 X 22760 0 1000 438,724.00 25960 X 15960 0 10000 ----------------- -------------- ------------- ---------- ---------- 840,268.00 49720 38720 0 11000 VORNADO REALTY TRUST 929042109 3,404,736.00 77100 X 56450 0 20650 547,584.00 12400 X 10700 0 1700 ----------------- -------------- ------------- ---------- ---------- 3,952,320.00 89500 67150 0 22350 VULCAN MATERIALS CO 929160109 313,764.00 6600 X 6600 0 0 10,268.64 216 X 216 0 0 ----------------- -------------- ------------- ---------- ---------- 324,032.64 6816 6816 0 0 VULCAN POWER CO CL A COMMON 929187995 0.00 53791 X 53791 0 0 0.00 210500 X 210500 0 0 ----------------- -------------- ------------- ---------- ---------- 0.00 264291 264291 0 0 WACHOVIA CORP 2ND NEW 929903102 1,513,383.12 40814 X 36414 0 4400 565,099.20 15240 X 13280 0 1960 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 60,522,575.13 1950773 1622116 0 328657
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 34 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) ---------------------------------------------------------------------------------------------------------------------------------- INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- ----------------- -------------- ------------- ---------- ---------- 2,078,482.32 56054 49694 0 6360 WAL MART STORES INC 931142103 9,938,569.00 162130 X 130230 0 31900 1,636,955.20 26704 X 22904 0 3800 ----------------- -------------- ------------- ---------- ---------- 11,575,524.20 188834 153134 0 35700 WALGREEN CO 931422109 15,160,259.60 386840 X 292755 0 94085 2,300,453.00 58700 X 40700 0 18000 ----------------- -------------- ------------- ---------- ---------- 17,460,712.60 445540 333455 0 112085 WASHINGTON MUTUAL INC 939322103 317,054.10 9570 X 7170 0 2400 66,260.00 2000 X 0 0 2000 ----------------- -------------- ------------- ---------- ---------- 383,314.10 11570 7170 0 4400 WASHINGTON POST CO CL B 939640108 14,972,394.95 24665 X 24665 0 0 WASTE MANAGEMENT INC (NEW) 94106L109 1,434,576.25 52645 X 50085 0 2560 54,500.00 2000 X 2000 0 0 ----------------- -------------- ------------- ---------- ---------- 1,489,076.25 54645 52085 0 2560 WATERS CORP 941848103 209,775.00 7500 X 0 0 7500 WELLS FARGO & CO 949746101 20,227,126.40 409456 X 315466 0 93990 1,493,362.00 30230 X 28230 0 2000 ----------------- -------------- ------------- ---------- ---------- 21,720,488.40 439686 343696 0 95990 WEYERHAEUSER CO 962166104 542,796.10 8635 X 8635 0 0 939,757.00 14950 X 9950 0 5000 ----------------- -------------- ------------- ---------- ---------- 1,482,553.10 23585 18585 0 5000 WHITE MOUNTAIN INSURANCE GROUP G9618E107 3,862,953.60 11184 X 50 0 11134 INC WHOLE FOODS MKT INC 966837106 543,711.00 11900 X 9700 0 2200 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 73,700,503.20 1219109 942540 0 276569
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 35 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- 68,535.00 1500 X 1500 0 0 ----------------- -------------- ------------- ---------- ---------- 612,246.00 13400 11200 0 2200 WILEY JOHN & SONS INC 968223305 213,840.00 8000 X 8000 0 0 320,760.00 12000 X 0 0 12000 ----------------- -------------- ------------- ---------- ---------- 534,600.00 20000 8000 0 12000 WILEY JOHN & SONS INC A 968223206 1,790,953.40 68357 X 9957 0 58400 471,600.00 18000 X 0 0 18000 ----------------- -------------- ------------- ---------- ---------- 2,262,553.40 86357 9957 0 76400 WILMINGTON TR CORP 971807102 715,236.06 10626 X 10626 0 0 40,386.00 600 X 600 0 0 ----------------- -------------- ------------- ---------- ---------- 755,622.06 11226 11226 0 0 WISCONSIN ENERGY CORP 976657106 714,678.00 28725 X 28725 0 0 9,952.00 400 X 0 0 400 ----------------- -------------- ------------- ---------- ---------- 724,630.00 29125 28725 0 400 WPS RES CORP 92931B106 631,040.00 16000 X 16000 0 0 31,552.00 800 X 800 0 0 ----------------- -------------- ------------- ---------- ---------- 662,592.00 16800 16800 0 0 WYETH 983024100 33,538,878.10 510874 X 479609 0 31265 8,715,365.75 132755 X 126955 0 5800 ----------------- -------------- ------------- ---------- ---------- 42,254,243.85 643629 606564 0 37065 XEROX CORP 984121103 107,672.00 10016 X 10016 0 0 ZIMMER HOLDINGS INC 98956P102 1,351,785.00 39700 X 37000 0 2700 629,414.25 18485 X 14255 0 4230 ----------------- -------------- ------------- ---------- ---------- 1,981,199.25 58185 51255 0 6930 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 49,351,647.56 876838 744043 0 132795
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 36 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- COMMON (cont.) -------------- ZIONS BANCORPORATION 989701107 118,540.00 2000 X 2000 0 0 444,525.00 7500 X 7500 0 0 ----------------- -------------- ------------- ---------- ---------- 563,065.00 9500 9500 0 0 ZOLL MED CORP 989922109 211,584.00 5510 X 5510 0 0 ================= ============== ============= ========== ========== TOTALS FOR COMMON 2,895,527,309.52 72029541 61441874 0 10587667 ================= ============== ============= ========== ========== GRAND TOTALS 2,895,527,309.52 72029541 61441874 0 10587667 PREFERRED --------- BIZFON INC PFD Ser A 0910999A1 15,900.00 159000 X 79000 0 80000 19,500.00 195000 X 145000 0 50000 ----------------- -------------- ------------- ---------- ---------- 35,400.00 354000 224000 0 130000 BIZFON INC PFD Ser B 0910999B9 18,257.29 96091 X 73222 0 22869 19,058.14 100306 X 83949 0 16357 ----------------- -------------- ------------- ---------- ---------- 37,315.43 196397 157171 0 39226 BIZFON INC PFD Ser D 0910999D5 19,429.98 647666 X 647666 0 0 16,950.00 565000 X 475000 0 90000 ----------------- -------------- ------------- ---------- ---------- 36,379.98 1212666 1122666 0 90000 BNY CAP 6.875% PFD Ser E 09656G201 217,800.00 9000 X 1000 0 8000 CAIRNSTONE INC CV PFD Ser A 1277669D7 0.00 11111 X 11111 0 0 CITIGROUP CAPITAL VII $7.125 17306N203 903,084.00 36400 X 35400 0 1000 PFD 12,405.00 500 X 500 0 0 ----------------- -------------- ------------- ---------- ---------- 915,489.00 36900 35900 0 1000 CITIGROUP INC. $1.75 PFD 17306K209 2,615,964.00 106600 X 98000 0 8600 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 5,795,687,616.45 146000765 124548605 0 21452160
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 37 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- PREFERRED (cont.) ----------------- 338,652.00 13800 X 9800 0 4000 ----------------- -------------- ------------- ---------- ---------- 2,954,616.00 120400 107800 0 12600 CORPORATION FOR LASER OPTICS 2200359B7 31,125.00 20750 X 18250 0 2500 RESEARCH PFD Ser B 28,125.00 18750 X 18750 0 0 ----------------- -------------- ------------- ---------- ---------- 59,250.00 39500 37000 0 2500 deNOVIS INC PFD Ser A 2486159A6 74,925.00 33750 X 33750 0 0 49,963.32 22506 X 22506 0 0 ----------------- -------------- ------------- ---------- ---------- 124,888.32 56256 56256 0 0 deNOVIS INC PFD Ser B 2486159B4 99,900.00 45000 X 45000 0 0 48,165.12 21696 X 21696 0 0 ----------------- -------------- ------------- ---------- ---------- 148,065.12 66696 66696 0 0 DOMANIA.COM INC PFD Ser C 257450916 145,000.80 155292 X 155292 0 0 54,999.50 58903 X 58903 0 0 ----------------- -------------- ------------- ---------- ---------- 200,000.30 214195 214195 0 0 DUKE ENERGY CAPITAL TR $1.80 26439G209 1,207,710.00 48600 X 44000 0 4600 PFD 255,955.00 10300 X 6300 0 4000 ----------------- -------------- ------------- ---------- ---------- 1,463,665.00 58900 50300 0 8600 ENGLISHTOWN INC PFD Ser A 2949089A8 0.00 25000 X 25000 0 0 EPIC THERAPEUTICS INC CONV PFD 9893186B1 30,000.00 10000 X 10000 0 0 Ser B FLEET CAPITAL TRUST III 7.05 % 33889N205 1,689,760.00 71600 X 63600 0 8000 PFD 47,200.00 2000 X 2000 0 0 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 4,101,480.74 557947 534847 0 23100
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 38 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- PREFERRED (cont.) ----------------- ----------------- -------------- ------------- ---------- ---------- 1,736,960.00 73600 65600 0 8000 HIPPO INC PFD Ser D 4335924B5 373,011.99 40413 X 40413 0 0 299,984.23 32501 X 32501 0 0 ----------------- -------------- ------------- ---------- ---------- 672,996.22 72914 72914 0 0 iEMILY.COM INC PFD 4526479B8 49,999.18 31401 X 31401 0 0 MARATHON TECHNOLOGIES CORP CV 565915998 130,000.00 26000 X 16000 0 10000 PFD Ser A 225,000.00 45000 X 25000 0 20000 ----------------- -------------- ------------- ---------- ---------- 355,000.00 71000 41000 0 30000 MARATHON TECHNOLOGIES CORP CV 565915980 271,000.00 33875 X 20125 0 13750 PFD Ser B 329,000.00 41125 X 18000 0 23125 ----------------- -------------- ------------- ---------- ---------- 600,000.00 75000 38125 0 36875 MARATHON TECHNOLOGIES CORP CV 5659159A5 301,008.00 25084 X 22584 0 2500 PFD Ser D 211,344.00 17612 X 15112 0 2500 ----------------- -------------- ------------- ---------- ---------- 512,352.00 42696 37696 0 5000 MARATHON TECHNOLOGIES CORP CV 5659159E7 627,444.00 52287 X 51779 0 508 PFD Ser E 179,664.00 14972 X 14972 0 0 ----------------- -------------- ------------- ---------- ---------- 807,108.00 67259 66751 0 508 MESSAGEBLASTER.COM INC CONV 5907439C6 77,999.84 13050 X 13050 0 0 PFD Ser C 47,995.32 8030 X 8030 0 0 ----------------- -------------- ------------- ---------- ---------- 125,995.16 21080 21080 0 0 MICROLOGIC INC CL A PFD 5950769A0 212,985.00 28398 X 28398 0 0 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 3,336,435.56 409748 337365 0 72383
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 39 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) --------------------------------------------------------------------------------------------------------------------------------- INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE - ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- PREFERRED (cont.) ----------------- 192,000.00 25600 X 25600 0 0 ----------------- -------------- ------------- ---------- ---------- 404,985.00 53998 53998 0 0 MOTOROLA 6.68% CAPITAL TR PFD 620074203 3,433,185.00 165375 X 158375 0 7000 726,600.00 35000 X 25000 0 10000 ----------------- -------------- ------------- ---------- ---------- 4,159,785.00 200375 183375 0 17000 NOBLENET INC PFD Ser A 6550989A1 75,000.00 60000 X 0 0 60000 75,000.00 60000 X 0 0 60000 ----------------- -------------- ------------- ---------- ---------- 150,000.00 120000 0 0 120000 OUTSIDE THE CLASSROOM PFD Ser 6890924A9 0.00 35919 X 35919 0 0 B PHYTERA INC CONV PFD Ser B 9896814B4 75,750.00 25000 X 25000 0 0 PRIZMA INC CONV PFD Ser B 7418099B5 78,000.00 26000 X 26000 0 0 24,000.00 8000 X 8000 0 0 ----------------- -------------- ------------- ---------- ---------- 102,000.00 34000 34000 0 0 PROSPERO TECHNOLOGIES CORP PFD 743500902 95,683.20 797360 X 541360 0 256000 Ser A 102,720.00 856000 X 600000 0 256000 ----------------- -------------- ------------- ---------- ---------- 198,403.20 1653360 1141360 0 512000 PROSPERO TECHNOLOGIES CORP PFD 7435009A0 55,314.90 368766 X 250370 0 118396 Ser C 59,382.90 395886 X 277490 0 118396 ----------------- -------------- ------------- ---------- ---------- 114,697.80 764652 527860 0 236792 RELIASTAR FING II $2.025 PFD 75952F205 357,130.00 14200 X 13200 0 1000 553,300.00 22000 X 20000 0 2000 ----------------- -------------- ------------- ---------- ---------- 910,430.00 36200 33200 0 3000 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 5,903,066.00 2895106 2006314 0 888792
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 40 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) --------------------------------------------------------------------------------------------------------------------------------- INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE - ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- PREFERRED (cont.) ----------------- ROVING SOFTWARE INC CONV PFD 77938R9A5 146,968.53 376843 X 376843 0 0 Ser A 56,526.38 144939 X 144939 0 0 ----------------- -------------- ------------- ---------- ---------- 203,494.91 521782 521782 0 0 ROVING SOFTWARE INC CONV PFD 77938R9C1 147,560.00 868000 X 718000 0 150000 Ser C 53,550.00 315000 X 315000 0 0 ----------------- -------------- ------------- ---------- ---------- 201,110.00 1183000 1033000 0 150000 RSP AMINO ACID ANALOGUES INC 7496889B5 15,000.00 15000 X 15000 0 0 CONV PFD Ser B RSP FINE CHEMICALS INC CV PFD 7496999A4 50,000.00 10000 X 10000 0 0 Ser A SEALED AIR CORP CV $2.000 PFD 81211K209 2,017,400.00 44000 X 39900 0 4100 270,515.00 5900 X 5900 0 0 ----------------- -------------- ------------- ---------- ---------- 2,287,915.00 49900 45800 0 4100 SONAMED CORP CV PFD Ser B 835409996 232,332.80 36302 X 36302 0 0 171,520.00 26800 X 26800 0 0 ----------------- -------------- ------------- ---------- ---------- 403,852.80 63102 63102 0 0 SONAMED CORP CV PFD Ser C 8354099I6 372,000.00 155000 X 155000 0 0 39,360.00 16400 X 16400 0 0 ----------------- -------------- ------------- ---------- ---------- 411,360.00 171400 171400 0 0 SONAMED CORP PFD Ser A 8354099H8 653,754.51 306927 X 296343 0 10584 376,569.09 176793 X 147687 0 29106 ----------------- -------------- ------------- ---------- ---------- 1,030,323.60 483720 444030 0 39690 SPECTRA SYSTEMS CORP CONV PFD 847619996 612,675.00 272300 X 227900 0 44400 Ser A 174,937.50 77750 X 55530 0 22220 ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 5,390,668.81 2847954 2587544 0 260410
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 41 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE - ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- PREFERRED (cont.) ----------------- ----------------- -------------- ------------- ---------- ---------- 787,612.50 350050 283430 0 66620 SPRINT CORP CV PFD 7.125% 852061605 567,765.00 40700 X 33700 0 7000 $1.78125 PFD 55,800.00 4000 X 4000 0 0 ----------------- -------------- ------------- ---------- ---------- 623,565.00 44700 37700 0 7000 STERLING NETWORK GROUP INC PFD 8595159A8 10,400.00 10400 X 10400 0 0 Ser A SURGICAL SEALANTS INC CV PFD 8688889B6 246,250.00 3940 X 3140 0 800 Ser B 153,750.00 2460 X 2060 0 400 ----------------- -------------- ------------- ---------- ---------- 400,000.00 6400 5200 0 1200 THREECORE INC PFD Ser A 888115201 72,727.09 112424 X 112424 0 0 TURNSTONE PUBLISHING GROUP INC 8998994A3 200,001.88 3299 X 3299 0 0 CONV PFD Ser A VIRTUAL INK PFD Ser C 928257A95 174,895.00 263000 X 227000 0 36000 103,740.00 156000 X 126000 0 30000 ----------------- -------------- ------------- ---------- ---------- 278,635.00 419000 353000 0 66000 VIRTUAL INK PFD Ser D 928257D92 21,615.00 33000 X 32000 0 1000 16,375.00 25000 X 18000 0 7000 ----------------- -------------- ------------- ---------- ---------- 37,990.00 58000 50000 0 8000 VISEN MEDICAL INC PFD Ser A 9283149A3 513,555.74 83641 X 77127 0 6514 331,363.52 53968 X 53968 0 0 ----------------- -------------- ------------- ---------- ---------- 844,919.26 137609 131095 0 6514 WATSON TECHNOLOGIES 9897954A4 131,250.00 12500 X 12500 0 0 CORPORATION PFD ----------------- -------------- ------------- ---------- ---------- SUBTOTALS FOR THIS PAGE 2,599,488.23 804332 715618 0 88714
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 42 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 HOLDING COMPANY: (2) WELCH AND FORBES (Cont.) INVEST MARKET INVEST AUTH VOTING AUTH (SHARES) NAME OF ISSUER CUSIP VALUE SH/PV SOLE SHR MGR SOLE SHARED NONE ------------------------------ ------------ ----------------- ------------ ---- --- ---- ----------- ---------- ---------- PREFERRED (cont.) ----------------- WEB CT INC PFD Ser E 929920908 76,125.00 37500 X 35500 0 2000 34,510.00 17000 X 17000 0 0 ----------------- -------------- ------------- ---------- ---------- 110,635.00 54500 52500 0 2000 WEB CT INC SER B CONV PFD 9299209B4 142,652.16 70272 X 70272 0 0 95,101.44 46848 X 46848 0 0 ----------------- -------------- ------------- ---------- ---------- 237,753.60 117120 117120 0 0 WEB CT INC SER C CONV PFD 9299209C2 204,238.30 100610 X 95489 0 5121 240,447.41 118447 X 92716 0 25731 ----------------- -------------- ------------- ---------- ---------- 444,685.71 219057 188205 0 30852 WELLS FARGO CAP TR IV 7% $1.75 94976Y207 4,568,193.00 185850 X 174750 0 11100 PFD 516,180.00 21000 X 20000 0 1000 ----------------- -------------- ------------- ---------- ---------- 5,084,373.00 206850 194750 0 12100 ================= ============== ============= ========== ========== TOTALS FOR PREFERRED 31,066,935.06 10039288 8384111 0 1655177 ================= ============== ============= ========== ========== GRAND TOTALS 31,066,935.06 10039288 8384111 0 1655177
REPORT RUN: 03/30/2002 at 02:55 AM EQUITIES DISCLOSURE (13-F) PAGE 43 BUSINESS DATE: 04/01/2002 R33.002.001 As of 03/31/2002 Produced on trust>WELCHDB The parameters used in producing report R33.002.001 were: ASOF## = 03/31/2002 BK_LIST## = 2 DV_SUM# = YES BK_SUM# = NO MIN_SHARES# = 10,000 MIN_CORP_SHARES# = 10,000 MIN_MKT_VAL# = 200,000.00 CUSIP#1 = () ======================================== End of Report ========================================
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