13F-HR 1 form13fhr-40295_8901.txt United States Securities and Exchange Commission Washington, D.C. 20549 FORM 13F HR FORM 13F HR Cover Page Report for the Calendar Year or Quarter Ended: 06/30/2001 Check here if Amendment: { } Amendment number: { } This Amendment (check only one): { } is a restatement. { } adds new holdings entries. Institutional Investment Manager filing this Report: Manchester Capital Corporation 635 Madison Avenue New York, New York 10022 13F File Number 028-03451 The institutional investment manager filing this report and the person by whom is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person to contact for further information: Wayne Reisner (212) 832-3112 Person signing this Report on Behalf of the Reporting Manager: Name: Wayne Reisner Title: President Phone: (212) 832-3112 Signature, Place and Date of Signing: /s/ Wayne Reisner New York, New York 10022 13-Aug-01 Report Type (Check only one): {X}13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) { } 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s). { } 13F COMBINATION REPORT (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s)). REPORT SUMMARY Number of Other Included Managers: 0 Form 13F Information Table Entry Total: Form 13F Information Table Value Total: 186,560,931 List of Included Managers: No. 13F File Number Name - - - - - - - - - -- - - - - - - - - - - - - - - - - - - - - - - - 1 Manchester Capital Corporation - - - - - - - - - -- - - - - - - - - - - - - - - - - - - - - - - -

FORM 13F 0306/3130/01 PAGE 1 ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OF ~~OF MARKET PRINCIPAL~~ INVESTMENT ~~DISCRETION~~ISCRETION MANA- VOTING AUTHORITY ~~CLASS~~OF NUMBER ~~VALUE~~MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) BankAtlantic 5.625% 12/200 CONV C 065908AC9 3946,~~000~~750 50,000 X 1 50,000 CarrAmerica 8.55% Pfd C PREFER 144418407 ~~438~~466,~~165~~880 18,~~725~~925 X 1 1,500 17,~~225~~425 Georgia Pacific 8.75% Pref PREFER 21988G791 ~~375~~382,~~000~~500 15,000 X 1 4,000 11,000 Agilient Technologies Inc COMMON 00846U101 ~~281~~280,~~395~~605 98,~~157~~634 X 1 305 8,~~852~~329 ABN AMRO Holding ADR COMMON 000937102 ~~209~~216,~~649~~275 11,425 X 1 4,000 7,425 Abbott Laboratories COMMON 002824100 ~~403~~361,~~003~~920 87,540 X 1 2,100 65,440 AES Corp COMMON 00130H105 1,~~310~~585,~~201~~532 2636,~~225~~830 X 1 ~~400~~2,600 2534,~~825~~230 Aflac Inc COMMON 001055102 ~~745~~821,~~618~~070 2726,074 X 1 87,000 19,074 American Home Products COMMON 026609107 1,~~275~~246,~~580~~205 21,~~712~~212 X 1 21,~~712~~212 American Int'l Group COMMON 026874107 6,~~603~~821,~~049~~921 8280,~~025~~248 X 1 14,675 6765,~~350~~573 ~~Alcatel~~Apartment ~~Adr~~Invt & Mgmt Co COMMON ~~013904305~~03748R101 ~~202~~1,~~010~~094,526 722,~~024~~708 X 1 222,~~000~~708 ~~5,024~~ Allstate Corp. COMMON 020002101 1,~~842~~853,~~550~~959 4342,~~933~~145 X 1 1311,~~020~~820 30,~~913~~325 ~~American Greetings Class A COMMON 026375105 120,840 11,400 X 1 600 10,800~~ Amgen Inc. COMMON 031162100 ~~338~~329,~~856~~492 5,~~630~~430 X 1 5,~~630~~430 Amli Residential Prop COMMON 001735109 1,~~023~~129,~~570~~140 45,900 X 1 9,850 36,050 AOL Time Warner Inc COMMON 00184A105 1,~~510~~962,~~483~~113 37,~~621~~021 X 1 3,300 3433,~~321~~721 Alltel Corp. COMMON 020039103 ~~304~~356,~~975~~134 5,813 X 1 740 5,073 Automatic Data Processing COMMON 053015103 ~~728~~665,~~692~~980 13,400 X 1 13,400 Aventis Spon Adr (Each Rep COMMON 053561106 2,~~146~~167,~~036~~016 27,~~925~~125 X 1 54,~~137~~637 22,~~788~~488 Avnet Inc. COMMON 053807103 1,~~503~~608,~~675~~635 7371,~~350~~750 X 1 87,~~600~~000 64,750 ~~AVX~~AT ~~Corp.~~& T Wireless Services I COMMON ~~002444107~~00209A106 ~~204~~962,~~963~~263 1158,~~875~~854 X 1 26,~~600~~703 952,~~275~~151 Axa Sponsored Adr COMMON 054536107 ~~322~~331,~~642~~054 511,~~893~~752 X 1 13,~~770~~540 48,~~123~~212 American Express Co COMMON 025816109 2,~~750~~800,~~079~~889 6672,~~588~~188 X 1 5,200 6166,~~388~~988 Boeing Company COMMON 097023105 2,~~439~~409,~~095~~259 43,~~782~~332 X 1 43,~~782~~332 Barclays Bank 8% Conv Capi CONVER 06738C836 ~~453~~455,~~904~~488 17,600 X 1 1,000 16,600 Black & Decker Corp. COMMON 091797100 1,~~560~~644,~~956~~496 4241,~~475~~675 X 1 4,100 3837,~~375~~575 Beckman Coulter Inc. COMMON 075811109 593,640 14,550 X 1 2,000 12,550 Belo Corporation Ser A COMMON 080555105 ~~208~~238,~~346~~326 12,650 X 1 12,650 Bell South Corp COMMON 079860102 1,~~352~~312,~~350~~747 3332,~~049~~599 X 1 3332,~~049~~599 Bristol Myers Squibb Co COMMON 110122108 3,~~606~~299,~~373~~521 6063,~~713~~088 X 1 ~~600~~2,500 60,~~113~~588 BP ~~Amoco~~PLC ~~Plc~~ Adr COMMON 055622104 ~~498~~500,~~383~~693 10,044 X 1 10,044 ~~Brooktrout Inc. COMMON 114580103 86,934 14,050 X 1 14,050~~ Bear Stearns Cos Inc COMMON 073902108 ~~350~~451,~~185~~474 7,656 X 1 7,656 Bear Stearns Cap Tr 7.50% PREFER 07383J209 ~~365~~364,~~957~~053 14,650 X 1 14,650 Anheuser Busch COMMON 035229103 ~~275~~247,~~580~~200 6,000 X 1 6,000 Citigroup Inc COMMON 172967101 3,~~143~~534,~~831~~678 6966,894 X 1 6966,894 Computer Associates COMMON 204912109 ~~264~~215,~~198~~100 95,~~713~~975 X 1 35,~~563~~975 6Canon Inc ADR COMMON 138006309 206,~~150~~000 5,000 X 1 5,000 Chubb Corp COMMON 171232101 ~~304~~325,~~248~~206 4,200 X 1 4,200 Carnival Corp COMMON 143658102 ~~574~~637,~~983~~946 20,780 X 1 20,780 Cendant Corp COMMON 151313103 ~~169~~227,~~974~~175 11,650 X 1 11,650 Catellus Development Corp COMMON 149111106 ~~341~~335,~~980~~267 2119,~~713~~213 X 1 2119,~~713~~213 Coastal Fin I Tr 8.375% PREFER 190463208 1,~~422~~410,~~972~~000 56,400 X 1 6,000 50,400 Comcast Corp. Class A COMMON 200300101 ~~462~~482,~~495~~286 11,229 X 1 1,130 10,099 Comcast Corp Class A Speci COMMON 200300200 3,~~497~~527,~~336~~292 8381,~~394~~274 X 1 1516,~~574~~524 6764,~~820 Clayton Homes COMMON 184190106 154,241 12,800 X 1~~ 750 ~~12,050~~ Chateau Communities Inc. COMMON 161726104 ~~281~~543,~~507~~408 917,306 X 1 93,~~306~~800 13,506 Camden Property Trust COMMON 133131102 12,~~921~~167,~~119~~796 5759,~~778~~068 X 1 3,227 5455,~~551~~841 Credit Suisse Gp Spons ADR COMMON 225401108 ~~464~~431,~~636~~571 10,500 X 1 10,500 Du Pont E I De Nemours & C COMMON 263534109 ~~370~~438,~~044~~598 9,092 X 1 9,092 Dell Computer Corporation COMMON 247025109 ~~272~~265,~~930~~292 10,~~625~~145 X 1 2,000 8,~~625~~145 Diageo Plc New Adr COMMON 25243Q205 ~~218~~237,~~430~~330 5,400 X 1 5,400 Walt Disney Co. COMMON 254687106 2,266,~~297~~165 7978,~~241~~441 X 1 5,600 7372,~~641~~841 Dole Food Co COMMON 256605106 223,971 11,757 X 1 3,000 8,757 Dreyfus Core Bond Fund COMMON 26200R103 ~~158~~160,~~481~~055 10,~~643~~815 X 1 10,~~643~~815 EBAY INC COMMON 278642103 239,715 3,500 X 1 3,500 Electronic Data Sys Corp N COMMON 285661104 1,~~072~~200,~~512~~000 19,200 X 1 3,000 16,200 Canadian 88 Energy Corp COMMON 13566G509 ~~201~~135,~~600~~900 90,000 X 1 90,000 EFunds Corp COMMON 28224R101 188,790 10,150 X 1 10,150 Equity Office Properties T COMMON 294741103 1,~~042~~578,~~720~~021 3749,~~240~~890 X 1 4,~~000~~300 3345,~~240~~590 Equity Residential Propert COMMON 29476L107 2,~~328~~782,~~290~~203 4449,~~749~~199 X 1 7,835 3641,~~914~~364 Equity Residential Propert PREFER 29476L503 ~~841~~874,~~313~~645 32,050 X 1 3,000 29,050 Ericsson L M Tel Co Adr COMMON 294821400 6967,~~363~~208 12,400 X 1 12,400 Ford Motor Co New COMMON 345370860 774,404 31,544 X 1 31,544 FleetBoston Financial Corp COMMON 339030108 2,614,506 66,274 X 1 3,400 62,874 Federated Dept Stores Inc COMMON 31410H101 240,125 5,650 X 1 5,650 First Data Corp COMMON 319963104 397,040 6,170 X 1 6,170 Fedex Corporation COMMON 31428X106 681,390 16,950 X 1 500 16,450 Fannie Mae COMMON 313586109 2,546,649 29,950 X 1 2,900 27,050 Fulton Finl Corp Pa COMMON 360271100 527,786 25,796 X 1 25,796 Gillette Co COMMON 375766102 936,377 32,300 X 1 32,300 Gannett Co COMMON 364730101 1,388,513 21,070 X 1 3,200 17,870 General Electric COMMON 369604103 5,911,967 121,271 X 1 22,492 98,779 The New Germany Fund Inc. COMMON 644465106 126,115 17,914 X 1 17,914 Grupo Fin Banamex O COMMON P0701E195 76,053 29,471 X 1 29,471 General Growth Properties COMMON 370021107 1,538,976 39,100 X 1 2,000 37,100 General Mills Inc COMMON 370334104 210,144 4,800 X 1 4,800 Corning Inc. COMMON 219327103 533,467 31,925 X 1 3,000 28,925 General Motors Corp COMMON 370442105 395,946 6,153 X 1 594 5,559 The GAP Inc. COMMON 364760108 634,868 21,892 X 1 21,892 Asia Tigers Fund, Inc. COMMON 04516T105 356,252 52,700 X 1 10,900 41,800 Glaxosmithkline Plc Adrf S COMMON 37733W105 509,003 9,057 X 1 400 8,657 Morgan Stanley Dean Witter COMMON 61745P106 457,028 51,700 X 1 2,600 49,100 Harley Davidson Inc COMMON 412822108 517,880 11,000 X 1 11,000 Helix Technology COMMON 423319102 320,802 10,525 X 1 10,525 Household International In COMMON 441815107 508,721 7,627 X 1 7,627 Household Capt Tr V 10% Pf PREFER 44180S207 381,708 13,800 X 1 5,400 8,400 Hartford Finl Svcs Group COMMON 45068H106 221,069 3,232 X 1 3,232 Hartford Capital II Pfd 8. PREFER 416320208 634,004 25,350 X 1 1,900 23,450 Harleysville National Corp COMMON 412850109 275,881 5,965 X 1 5,965 Honeywell International In COMMON 438516106 449,202 12,838 X 1 12,838 Hershey Foods Corp. COMMON 427866108 946,631 15,340 X 1 4,000 11,340 Hewlett Packard Co COMMON 428236103 1,854,635 64,847 X 1 1,900 62,947 Intl Business Machines Cor COMMON 459200100 2,677,422 23,694 X 1 1,100 22,594 Intl Game Technology COMMON 459902102 470,625 7,500 X 1 7,500 Ikon Office Solutions COMMON 451713101 202,860 20,700 X 1 20,700 Intel Corp COMMON 458140100 2,203,062 75,318 X 1 2,000 73,318 Interpublic Group Cos COMMON 460690100 712,325 24,270 X 1 24,270 Int'l Paper Capital Tr 7.8 PREFER 460140205 362,355 14,700 X 1 14,700 Johnson Controls COMMON 478366107 1,503,753 20,750 X 1 2,800 17,950 Johnson & Johnson COMMON 478160104 4,287,100 85,742 X 1 1,724 84,018 The St Joe Co COMMON 790161103 689,191 25,630 X 1 6,000 19,630 Jefferson Pilot Corp COMMON 475070108 293,544 6,075 X 1 6,075 J P Morgan Chase & Co COMMON 46625H100 2,633,496 59,047 X 1 3,900 55,147 Keycorp-New COMMON 493267108 967,758 37,150 X 1 5,000 32,150 Kimberly Clark Corp COMMON 494368103 1,971,314 35,265 X 1 1,850 33,415 Lehman Brothers Hldgs 8% P PREFER 52518B200 392,445 15,300 X 1 2,000 13,300 Eli Lilly & Co COMMON 532457108 546,712 7,388 X 1 7,388 AT&T Liberty Media B COMMON 001957307 1,306,800 72,000 X 1 72,000 AT&T Liberty Media A COMMON 001957208 3,755,033 214,696 X 1 214,696 LSI Logic Corp COMMON 502161102 540,688 28,760 X 1 2,000 26,760 Lucent Technologies COMMON 549463107 340,606 54,848 X 1 1,700 53,148 Manpower Inc. COMMON 56418H100 299,000 10,000 X 1 1,000 9,000 Marriott International Inc COMMON 571903202 643,824 13,600 X 1 3,600 10,000 May Dept Stores COMMON 577778103 404,165 11,797 X 1 750 11,047 MBIA,Inc. COMMON 55262C100 965,992 17,349 X 1 1,200 16,149 McDonald's Corp. COMMON 580135101 914,510 33,796 X 1 2,500 31,296 Mellon Financial Corp COMMON 58551A108 2,849,199 63,584 X 1 63,584 Merrill Lynch & Co. COMMON 590188108 1,856,303 31,330 X 1 31,330 Merrill Lynch 7.28% Pfd PREFER 59021K205 580,464 23,200 X 1 23,200 Metlife COMMON 59156R108 986,806 31,853 X 1 3,000 28,853 MFS Intermediate Income Tr COMMON 55273C107 1,204,300 176,325 X 1 31,000 145,325 Marsh & McLennan Co. COMMON 571748102 250,278 2,478 X 1 2,478 Minnesota Mining & Mfg. COMMON 604059105 1,413,921 12,392 X 1 300 12,092 Motorola Inc. COMMON 620076109 1,054,586 63,683 X 1 4,600 59,083 Murray United Development COMMON 627189103 71,775 495,000 X 1 495,000 Merck & Co COMMON 589331107 1,302,240 20,376 X 1 20,376 Microsoft Corp COMMON 594918104 758,105 10,385 X 1 400 9,985 M&T Bank Corporation COMMON 55261F104 1,859,490 24,629 X 1 24,629 Morgan Stanley Dean Witter COMMON 617446448 1,116,189 17,378 X 1 3,128 14,250 Natl Aust Bk Spon Adr F COMMON 632525408 221,150 2,500 X 1 2,500 Nokia Corp ADR COMMON 654902204 262,463 11,828 X 1 1,000 10,828 Newscorp Overseas 8.625% P PREFER G6478B108 1,206,618 48,950 X 1 7,300 41,650 Network Peripherals Inc. COMMON 64121R100 182,520 15,600 X 1 15,600 Nestle Registered ADRS+ COMMON 641069406 1,704,114 32,072 X 1 2,000 30,072 Nortel Networks Co New F COMMON 656568102 165,123 18,286 X 1 18,286 Neurotec Corp COMMON 640902102 1,700 10,000 X 1 10,000 Newell Rubbermaid Inc COMMON 651229106 715,375 28,501 X 1 400 28,101 News Corp Ltd Adr COMMON 652487703 219,185 5,900 X 1 1,000 4,900 New York Times Class A COMMON 650111107 491,400 11,700 X 1 2,000 9,700 Omega Financial Corp COMMON 68209210 639,004 19,851 X 1 19,851 Pitney Bowes Inc. COMMON 724479100 1,730,542 41,086 X 1 6,600 34,486 Pepsico Inc. COMMON 713448108 1,916,498 43,360 X 1 43,360 Pfizer Inc COMMON 717081103 2,046,675 51,103 X 1 51,103 Procter & Gamble COMMON 742718109 1,162,564 18,222 X 1 18,222 Pharmacia Corporation COMMON 71713U102 383,775 8,352 X 1 1,428 6,924 Koninklijke Philips Electr COMMON 500472105 1,453,994 55,013 X 1 10,386 44,627 Pall Corp COMMON 696429307 1,168,782 49,672 X 1 2,000 47,672 PNC Financial Services Gro COMMON 693475105 926,417 14,081 X 1 400 13,681 Partnerre Ltd COMMON G6852T105 249,300 4,500 X 1 800 3,700 Partner-Re LTD 8% PREFER G6852T113 669,522 26,600 X 1 2,400 24,200 Qwest Communications COMMON 749121109 496,025 15,564 X 1 864 14,700 Ryder System Inc. COMMON 783549108 241,080 12,300 X 1 2,000 10,300 Rayovac Corp COMMON 755081106 508,776 23,875 X 1 600 23,275 Rhone Poulenc Pfd 8.125% PREFER G75495104 1,887,118 74,150 X 1 3,600 70,550 Reuters Group Plc S ADR COMMON 76132M102 214,513 2,759 X 1 1,046 1,713 IMS Health, Inc COMMON 449934108 287,850 10,100 X 1 1,000 9,100 Sears Roebuck & Co. COMMON 812387108 1,033,929 24,437 X 1 5,049 19,388 SBC Communications Inc. COMMON 78387G103 2,230,232 55,672 X 1 800 54,872 Shell Trans & Trading PLC COMMON 822703609 573,876 11,400 X 1 11,400 Schering Plough Company COMMON 806605101 1,507,331 41,593 X 1 10,240 31,353 Schlumberger Ltd COMMON 806857108 398,824 7,575 X 1 7,575 State Street Corp COMMON 857477103 742,350 15,000 X 1 15,000 Sun Microsystems Inc COMMON 866810104 763,379 48,561 X 1 5,000 43,561 CNA Surety Corporation COMMON 12612L108 434,700 31,050 X 1 3,000 28,050 Servicemaster Co COMMON 81760N109 182,244 15,187 X 1 15,187 AT&T Corp COMMON 030177109 2,164,914 98,405 X 1 98,405 Telefonica SA Spain ADR COMMON 879382208 1,309,992 35,177 X 1 1,679 33,498 Target Corporation COMMON 87612E106 767,288 22,176 X 1 22,176 Toll Brothers COMMON 889478103 301,704 7,675 X 1 4,200 3,475 Tribune Co COMMON 896047107 1,006,652 25,160 X 1 2,000 23,160 Texaco Inc. COMMON 881694103 242,557 3,639 X 1 3,639 Tyco International COMMON 902124106 925,580 16,980 X 1 2,050 14,930 MediaOne 9.04% Pfd PREFER 584458202 457,740 18,000 X 1 4,000 14,000 Unumprovident Corp COMMON 91529Y106 1,283,997 39,975 X 1 4,800 35,175 United States Cellular Cor COMMON 911684108 742,244 12,875 X 1 1,800 11,075 Viacom Inc Cl A COMMON 925524100 405,756 7,650 X 1 7,650 Viacom Inc Non Vtg Cl B COMMON 925524308 1,074,382 20,761 X 1 20,761 Vornado Realty Trust COMMON 929042109 356,240 9,125 X 1 2,070 7,055 Vodafone Group Plc Sp Adr COMMON 92857W100 1,391,065 62,240 X 1 5,250 56,990 Vishay Intertechnology COMMON 928298108 437,575 19,025 X 1 7,900 11,125 Verizon Communications COMMON 92343V104 6,849,177 128,022 X 1 9,454 118,568 Worldcom Inc - WorldCom Gr COMMON 98157D106 276,829 19,495 X 1 1,100 18,395 Wal-Mart Stores COMMON 931142103 232,463 4,764 X 1 1,000 3,764 Xcel Energy Inc COMMON 98389B100 782,660 27,510 X 1 3,600 23,910 Amex Technology Select Ind COMMON 81369Y803 328,040 11,645 X 1 2,000 9,645 Exxon Mobil Corporation COMMON 30231G102 1,140,376 13,055 X 1 13,055 --------- AGGREGATE COLUMN TOTALS 186,560,931

ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OF OF MARKET PRINCIPAL INVESTMENT DISCRETION MANA- VOTING AUTHORITY CLASS NUMBER VALUE SHARED GERS AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) Ford Motor Co New COMMON 345370860 887,016 31,544 X 1 31,544 FleetBoston Financial Corp COMMON 339030108 2,400,859 63,599 X 1 3,400 60,199 Federated Dept Stores Inc COMMON 31410H101 234,758 5,650 X 1 5,650 First Data Corp COMMON 319963104 368,411 6,170 X 1 6,170 Fedex Corporation COMMON 31428X106 894,036 21,450 X 1 500 20,950 Fannie Mae COMMON 313586109 2,415,462 30,345 X 1 2,900 27,445 Fulton Finl Corp Pa COMMON 360271100 499,038 24,568 X 1 24,568 Gillette Co COMMON 375766102 975,621 31,300 X 1 31,300 Gannett Co COMMON 364730101 1,256,807 21,045 X 1 3,200 17,845 General Electric COMMON 369604103 5,641,393 134,768 X 1 22,614 112,154 The New Germany Fund Inc. COMMON 644465106 129,697 17,914 X 1 17,914 Grupo Fin Banamex O COMMON P0701E195 51,215 29,471 X 1 29,471 General Growth Properties COMMON 370021107 1,366,545 39,100 X 1 2,000 37,100 General Mills Inc COMMON 370334104 206,448 4,800 X 1 4,800 Corning Inc. COMMON 219327103 628,045 30,355 X 1 3,000 27,355 General Motors Corp COMMON 370442105 313,848 6,053 X 1 594 5,459 The GAP Inc. COMMON 364760108 519,278 21,892 X 1 21,892 Asia Tigers Fund, Inc. COMMON 04516T105 342,550 52,700 X 1 10,900 41,800 Glaxosmithkline Plc Adrf S COMMON 37733W105 473,681 9,057 X 1 400 8,657 Morgan Stanley Dean Witter COMMON 61745P106 445,653 50,700 X 1 2,600 48,100 Harley Davidson Inc COMMON 412822108 796,950 21,000 X 1 21,000 Helix Technology COMMON 423319102 242,476 10,325 X 1 10,325 Household International In COMMON 441815107 451,823 7,627 X 1 7,627 Household Capt Tr V 10% Pf PREFER 44180S207 375,360 13,800 X 1 5,400 8,400 Hartford Capital II Pfd 8. PREFER 416320208 635,778 25,350 X 1 1,900 23,450 Harleysville National Corp COMMON 412850109 223,688 5,965 X 1 5,965 Honeywell International In COMMON 438516106 613,550 15,038 X 1 15,038 Hershey Foods Corp. COMMON 427866108 1,091,097 15,740 X 1 4,400 11,340 Hewlett Packard Co COMMON 428236103 2,030,905 64,947 X 1 1,900 63,047 Intl Business Machines Cor COMMON 459200100 2,680,440 27,869 X 1 1,100 26,769 Intl Game Technology COMMON 459902102 377,625 7,500 X 1 7,500 Ikon Office Solutions COMMON 451713101 103,740 18,200 X 1 18,200 Intel Corp COMMON 458140100 2,042,995 77,643 X 1 2,000 75,643 Interpublic Group Cos COMMON 460690100 824,228 23,995 X 1 23,995 Int'l Paper Capital Tr 7.8 PREFER 460140205 366,765 14,700 X 1 14,700 Johnson Controls COMMON 478366107 1,305,414 20,900 X 1 2,800 18,100 Johnson & Johnson COMMON 478160104 3,741,179 42,771 X 1 862 41,909 The St Joe Co COMMON 790161103 518,471 22,730 X 1 6,000 16,730 Jefferson Pilot Corp COMMON 475070108 274,955 4,050 X 1 4,050 J P Morgan Chase & Co COMMON 46625H100 2,690,139 59,914 X 1 3,900 56,014 Keycorp-New COMMON 493267108 963,630 37,350 X 1 5,000 32,350 Kimberly Clark Corp COMMON 494368103 2,266,540 33,415 X 1 1,850 31,565 Lehman Brothers Hldgs 8% P PREFER 52518B200 388,314 15,300 X 1 2,000 13,300 Eli Lilly & Co COMMON 532457108 616,193 8,038 X 1 8,038 AT&T Liberty Media B COMMON 001957307 1,080,000 72,000 X 1 72,000 AT&T Liberty Media A COMMON 001957208 3,005,744 214,696 X 1 214,696 LSI Logic Corp COMMON 502161102 452,395 28,760 X 1 2,000 26,760 Lucent Technologies COMMON 549463107 524,023 52,560 X 1 1,700 50,860 Manpower Inc. COMMON 56418H100 288,000 10,000 X 1 1,000 9,000 Marriott International Inc COMMON 571903202 560,048 13,600 X 1 3,600 10,000 May Dept Stores COMMON 577778103 418,558 11,797 X 1 750 11,047 MBIA,Inc. COMMON 55262C100 943,956 11,700 X 1 800 10,900 McDonald's Corp. COMMON 580135101 860,104 32,396 X 1 2,500 29,896 Mellon Financial Corp COMMON 58551A108 2,576,424 63,584 X 1 63,584 Merrill Lynch & Co. COMMON 590188108 1,707,982 30,830 X 1 30,830 Merrill Lynch 7.28% Pfd PREFER 59021K205 585,568 23,200 X 1 23,200 Metlife COMMON 59156R108 994,204 33,085 X 1 3,000 30,085 MFS Intermediate Income Tr COMMON 55273C107 993,163 145,625 X 1 21,000 124,625 Marsh & McLennan Co. COMMON 571748102 235,484 2,478 X 1 2,478 Minnesota Mining & Mfg. COMMON 604059105 1,329,083 12,792 X 1 300 12,492 Motorola Inc. COMMON 620076109 925,230 64,883 X 1 4,600 60,283

ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OF OF MARKET PRINCIPAL INVESTMENT DISCRETION MANA- VOTING AUTHORITY CLASS NUMBER VALUE SHARED GERS AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) Murray United Development COMMON 627189103 14,850 495,000 X 1 495,000 Merck & Co COMMON 589331107 1,561,730 20,576 X 1 20,576 Microsoft Corp COMMON 594918104 576,133 10,535 X 1 400 10,135 M&T Bank Corporation COMMON 55261F104 3,302,705 47,249 X 1 47,249 Morgan Stanley Dean Witter COMMON 617446448 929,723 17,378 X 1 3,128 14,250 Neuberger & Berman COMMON 641234109 677,467 10,890 X 1 1,800 9,090 Nokia Corp ADR COMMON 654902204 290,400 12,100 X 1 1,500 10,600 Newscorp Overseas 8.625% P PREFER G6478B108 1,160,345 48,550 X 1 6,900 41,650 Nestle Registered ADRS+ COMMON 641069406 1,722,197 16,436 X 1 1,000 15,436 Nortel Networks Co New F COMMON 656568102 256,918 18,286 X 1 18,286 Neurotec Corp COMMON 640902102 1,650 10,000 X 1 10,000 Newell Rubbermaid Inc COMMON 651229106 696,314 26,276 X 1 400 25,876 New York Times Class A COMMON 650111107 479,349 11,700 X 1 2,000 9,700 Omega Financial Corp COMMON 68209210 540,940 19,851 X 1 19,851 Pitney Bowes Inc. COMMON 724479100 1,459,014 41,986 X 1 6,900 35,086 Pepsico Inc. COMMON 713448108 1,954,003 44,460 X 1 44,460 Pfizer Inc COMMON 717081103 2,102,905 51,353 X 1 51,353 Procter & Gamble COMMON 742718109 1,071,837 17,122 X 1 17,122 Pharmacia Corporation COMMON 71713U102 420,690 8,352 X 1 1,428 6,924 Koninklijke Philips Electr COMMON 500472105 1,477,791 55,348 X 1 10,386 44,962 Pall Corp COMMON 696429307 929,342 42,397 X 1 2,000 40,397 PNC Financial Services Gro COMMON 693475105 967,566 14,281 X 1 400 13,881 Partnerre Ltd COMMON G6852T105 221,715 4,500 X 1 800 3,700 Partner-Re LTD 8% PREFER G6852T113 667,920 26,400 X 1 2,400 24,000 Qwest Communications COMMON 749121109 557,856 15,916 X 1 864 15,052 Ryder System Inc. COMMON 783549108 221,277 12,300 X 1 2,000 10,300 Rayovac Corp COMMON 755081106 311,483 17,850 X 1 17,850 Rhone Poulenc Pfd 8.125% PREFER G75495104 1,856,145 73,950 X 1 3,600 70,350 Reuters Group Plc S ADR COMMON 76132M102 243,611 3,259 X 1 1,046 2,213 IMS Health, Inc COMMON 449934108 258,960 10,400 X 1 1,000 9,400 Sears Roebuck & Co. COMMON 812387108 875,013 24,809 X 1 5,049 19,760 SBC Communications Inc. COMMON 78387G103 2,450,512 54,907 X 1 800 54,107 Shell Trans & Trading PLC COMMON 822703609 532,722 11,400 X 1 11,400 Schering Plough Company COMMON 806605101 1,723,193 47,172 X 1 10,240 36,932 Saks Holdings Inc. COMMON 79377W108 148,200 11,400 X 1 400 11,000 Schlumberger Ltd COMMON 806857108 447,918 7,775 X 1 7,775 State Street Corp COMMON 857477103 700,500 7,500 X 1 7,500 Sun Microsystems Inc COMMON 866810104 746,383 48,561 X 1 5,000 43,561 Servicemaster Co COMMON 81760N109 170,550 15,187 X 1 15,187 AT&T Corp COMMON 030177109 2,978,916 139,855 X 1 6,700 133,155 Telefonica SA Spain ADR COMMON 879382208 1,668,788 34,839 X 1 1,648 33,191 Target Corporation COMMON 87612E106 807,325 22,376 X 1 22,376 Toll Brothers COMMON 889478103 299,338 7,775 X 1 4,200 3,575 Tribune Co COMMON 896047107 1,049,462 25,760 X 1 2,000 23,760 Texaco Inc. COMMON 881694103 241,611 3,639 X 1 3,639 Tyco International COMMON 902124106 249,869 5,780 X 1 5,780 MediaOne 9.04% Pfd PREFER 584458202 468,790 18,100 X 1 4,000 14,100 Unumprovident Corp COMMON 91529Y106 981,792 33,600 X 1 4,000 29,600 United States Cellular Cor COMMON 911684108 849,313 13,375 X 1 1,800 11,575 Varian Medical Systems Inc COMMON 92220P105 237,120 3,900 X 1 2,000 1,900 Viacom Inc Cl A COMMON 925524100 362,675 8,150 X 1 8,150 Viacom Inc Non Vtg Cl B COMMON 925524308 912,861 20,761 X 1 20,761 Visx COMMON 92844S105 197,455 11,500 X 1 11,500 Vornado Realty Trust COMMON 929042109 340,815 9,512 X 1 2,070 7,442 Vodafone Group Plc Sp Adr COMMON 92857W100 1,703,392 62,740 X 1 5,250 57,490 Vishay Intertechnology COMMON 928298108 386,558 19,425 X 1 7,900 11,525 Verizon Communications COMMON 92343V104 6,385,681 129,527 X 1 9,454 120,073 Worldcom Inc COMMON 98157D106 469,374 25,117 X 1 4,100 21,017 Wal-Mart Stores COMMON 931142103 240,561 4,764 X 1 1,000 3,764 Amex Technology Select Ind COMMON 81369Y803 295,616 11,920 X 1 2,000 9,920 Exxon Mobil Corporation COMMON 30231G102 1,114,175 13,755 X 1 13,755 ----------- AGGREGATE COLUMN TOTALS 177,845,490

Filing Compare · MANCHESTER CAPITAL CORP