-----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, QPR7u95VNq5/FDQ12dxjicQW4Yg7pGjSDs07RiSVCUxugpCs2MMFvCJ2XhbrPP5n veh3dgO80B43hwai89RP2A== 0001278249-08-000011.txt : 20081104 0001278249-08-000011.hdr.sgml : 20081104 20081104111858 ACCESSION NUMBER: 0001278249-08-000011 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080930 FILED AS OF DATE: 20081104 DATE AS OF CHANGE: 20081104 EFFECTIVENESS DATE: 20081104 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TOWER BRIDGE ADVISORS CENTRAL INDEX KEY: 0001278249 IRS NUMBER: 233096014 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10708 FILM NUMBER: 081159641 BUSINESS ADDRESS: STREET 1: 200 BARR HARBOR DRIVE CITY: CONSHOHOCKEN STATE: PA ZIP: 19428 BUSINESS PHONE: 6102602200 MAIL ADDRESS: STREET 1: 4 TOWER BRIDGE 200 BARR HARBOR DRIVE STREET 2: STE 222 CITY: CONSHOHOCKEN STATE: PA ZIP: 19428 13F-HR 1 sec13f09308final.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2008 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one): [ ] is a restatement [ ] adds new holdings entires. Institutional Investment Manager Filing this Report: Name: Tower Bridge Advisors Address: 200 Barr Harbor Drive Suite 222 West Conshohocken, PA 19428 13F File Number: The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this submission. Person Signing this Report on Behalf of Reporting Manager: Name: Jeffrey Kachel Title: Chief Financial Officer Phone: 610-260-2205 Signature, Place, and Date of Signing: Jeffrey Kachel, West Conshohocken, PA November 4, 2008 Report Type (Check only one): [X] 13F HOLDING REPORT [ ] 13F NOTICE [ ] 13F COMBINATION REPORT List of Other Managers Reporting for this Manager: None FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers 0 Form 13f Information Table Entry Total: 222 Form 13f Information Table Value Total: $542,086,559 List of Other Included Managers: None TOWER BRIDGE ADVISORS DISCRETIONARY OWNERSHIP FOR 13F
AS OF DATE: 09/30/08 (ITEM 1) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8) INVESTMENT VOTING AUTHORITY DISCRETION (SHARES) ----------------- --------------------------------------- NAME TITLE FAIR SHARES OR SHARED OF OF CUSIP MARKET PRINCIPAL SOLE SHARED OTHER SOLE SHARED NONE ISSUER CLASS NUMBER VALUE AMOUNT (A) (B) (C) MGR (A) (B) (C) - ---------------------- ------ ---------- -------------- ------------ ----- ----- ----- -- ------------ ------------ ------------ 3M CO. COMMON 88579Y101 4,394,776 64,336 X X 54,236 0 10,100 A T & T INC (NEW) COMMON 00206R102 8,271,772 296,267 X X 221,053 0 75,214 ABBOTT LABS COMMON 002824100 4,137,929 71,864 X X 56,604 0 15,260 ACCENTURE LTD CL A COMMON G1150G111 8,196,600 215,700 X X 139,550 0 76,150 AFLAC INC COMMON 001055102 411,191 6,999 X 6,999 0 0 AIM INVT SECS FDS INC MUTUAL 00142C805 65,493 17,606 X 17,606 0 0 AIR PRODS & CHEMS INC COMMON 009158106 4,476,027 65,353 X X 60,353 0 5,000 ALCOA INC COMMON 013817101 1,204,417 53,340 X X 51,290 0 2,050 ALLETE INC NEW COMMON 018522300 452,877 10,177 X X 10,077 0 100 ALLIANCEBERNSTEIN HOL COMMON 01881G106 867,885 23,450 X X 21,700 0 1,750 ALTRIA GROUP INC COMMON 02209S103 1,210,220 60,999 X X 17,640 0 43,359 AMDOCS LTD ORD COMMON G02602103 6,167,756 225,265 X X 143,215 0 82,050 AMERICAN EXPRESS CO. COMMON 025816109 1,212,663 34,227 X X 23,750 0 10,477 AMERICAN INTL GROUP I COMMON 026874107 114,552 34,400 X 33,100 0 1,300 AMGEN INC COMMON 031162100 1,312,890 22,151 X 18,430 0 3,721 ANADARKO PETROLEUM COMMON 032511107 817,394 16,850 X 12,850 0 4,000 ANHEUSER BUSCH COS IN COMMON 035229103 584,180 9,004 X 8,030 0 974 APACHE CORP COMMON 037411105 1,421,336 13,630 X 8,775 0 4,855 APHTON CORP COMMON 03759P101 9 15,000 X 0 0 15,000 APPLE COMPUTER INC COMMON 037833100 558,184 4,911 X 4,700 0 211 AQUA AMERICA INC COMMON 03836W103 558,612 31,418 X 25,843 0 5,575 AUTOMATIC DATA PROCES COMMON 053015103 6,508,766 152,252 X X 95,252 0 57,000 AVERY DENNISON CORP COMMON 053611109 200,160 4,500 X X 500 0 4,000 BANK OF AMERICA CORP COMMON 060505104 5,382,191 153,777 X X 98,447 0 55,330 BANK OF NEW YORK MELL COMMON 064058100 293,741 9,016 X 8,663 0 353 BAXTER INTERNATIONAL COMMON 071813109 1,178,059 17,950 X 17,450 0 500 BECKMAN COULTER INC COMMON 075811109 938,843 13,225 X 13,225 0 0 BECTON DICKINSON & CO COMMON 075887109 718,327 8,950 X X 5,950 0 3,000 BED BATH & BEYOND INC COMMON 075896100 314,100 10,000 X 3,300 0 6,700 BERKSHIRE HATHAWAY IN COMMON 084670108 391,800 3 X 3 0 0 BERKSHIRE HATHAWAY (B COMMON 084670207 826,260 188 X 168 0 20 BEST BUY INC COMMON 086516101 644,813 17,195 X 12,220 0 4,975 BJ SERVICES COMMON 055482103 374,087 19,555 X 19,205 0 350 BLACKROCK INSD MUN TE MUTUAL 092474105 168,810 17,000 X 12,000 0 5,000 BOEING CO. COMMON 097023105 602,915 10,513 X X 2,152 0 8,361 BP PLC ADR COMMON 055622104 3,214,091 64,064 X X 56,652 0 7,412 BRIDGEWAY FD INC ULTR MUTUAL 108747403 160,306 10,737 X 10,737 0 0 BRISTOL MYERS SQUIBB COMMON 110122108 1,022,067 49,020 X X 42,620 0 6,400 BRYN MAWR BANK CORP COMMON 117665109 289,257 13,160 X 0 0 13,160 BURLINGTON NORTHN SAN COMMON 12189T104 2,262,964 24,483 X X 19,505 0 4,978 CALVERT MUN BD FD NAT MUTUAL 131616203 115,316 11,429 X 11,429 0 0 CAMPBELL SOUP CO COMMON 134429109 679,360 17,600 X 17,600 0 0 CARNIVAL CORP PAIRED COMMON 143658300 6,742,256 190,729 X X 127,274 0 63,454 CATERPILLAR INC COMMON 149123101 2,007,626 33,685 X 27,935 0 5,750 CHESAPEAKE ENERGY COR COMMON 165167107 2,802,909 78,163 X X 62,198 0 15,965 CHEVRONTEXACO CORP COMMON 166764100 6,723,762 81,520 X X 61,834 0 19,686 CHUBB CORP COMMON 171232101 285,480 5,200 X X 2,100 0 3,100 CIGNA CORP COMMON 125509109 345,475 10,167 X 450 0 9,717 CISCO SYSTEMS INC COMMON 17275R102 9,739,829 431,730 X X 260,415 0 171,315 CITIGROUP INC COMMON 172967101 887,037 43,249 X X 42,299 0 950 CLOROX CO COMMON 189054109 434,504 6,931 X 6,931 0 0 COCA COLA CO. COMMON 191216100 2,850,232 53,900 X X 30,386 0 23,514 COLGATE PALMOLIVE CO COMMON 194162103 6,418,827 85,187 X X 41,114 0 44,073 COMCAST CORP NEW A SP COMMON 20030N200 297,890 15,106 X X 12,206 0 2,900 CONCURRENT COMPUTER C COMMON 206710402 63,481 10,945 X X 10,876 0 69 CONOCOPHILLIPS COMMON 20825C104 4,552,634 62,152 X X 42,807 0 19,345 CONSOLIDATED EDISON I COMMON 209115104 234,003 5,447 X X 3,141 0 2,306 CORNING INC COMMON 219350105 5,572,970 356,328 X X 264,783 0 91,545 COSTCO WHOLESALE COMMON 22160K105 1,188,776 18,309 X X 7,700 0 10,609 CULLEN FROST BANKERS COMMON 229899109 807,000 13,450 X 3,700 0 9,750 CVS CORP COMMON 126650100 8,252,104 245,161 X X 148,751 0 96,410 DAKTRONICS INC COM COMMON 234264109 330,701 19,850 X 17,800 0 2,050 DENTSPLY INTL INC NEW COMMON 249030107 5,682,288 151,366 X X 49,895 0 101,471 DEVON ENERGY CORP NEW COMMON 25179M103 6,227,774 68,287 X X 46,722 0 21,565 DISNEY WALT COMPANY COMMON 254687106 1,943,536 63,328 X X 56,066 0 7,262 DOMINION RES INC VA N COMMON 25746U109 1,772,204 41,426 X X 34,026 0 7,400 DU PONT E I DE NEMOUR COMMON 263534109 2,660,808 66,025 X X 49,675 0 16,350 DUKE ENERGY CORP COMMON 26441C105 1,321,996 75,846 X X 61,350 0 14,496 E M C CORP MASS COMMON 268648102 3,997,319 334,224 X X 243,499 0 90,725 EATON VANCE MUNS TR T MUTUAL 27826L330 280,783 30,991 X 30,991 0 0 EDISON INTL COMMON 281020107 231,420 5,800 X 5,800 0 0 EMERSON ELECTRIC CO COMMON 291011104 2,431,696 59,615 X X 44,618 0 14,997 ENCANA CORP COMMON 292505104 393,131 5,981 X 205 0 5,776 ENTERGY CORP NEW COMMON 29364G103 311,535 3,500 X 3,500 0 0 ENTERPRISE PRODS PART COMMON 293792107 1,509,183 58,564 X X 24,150 0 34,414 EQUITABLE RESOURCES I COMMON 294549100 350,551 9,557 X 1,085 0 8,472 EXELON CORP COMMON 30161N101 552,434 8,822 X X 7,722 0 1,100 EXXON MOBIL COMMON 30231G102 30,968,027 398,764 X X 301,124 0 97,640 FEDERATED GOVT INCOME MUTUAL 313912107 124,502 14,261 X 14,261 0 0 FEDEX CORP COMMON 31428X106 7,855,417 99,385 X X 63,273 0 36,112 FORTUNE BRANDS INC COMMON 349631101 397,275 6,926 X 6,926 0 0 FPL GROUP INC COMMON 302571104 1,431,538 28,460 X X 24,860 0 3,600 FRANKLIN INVS SECS TR MUTUAL 353612302 101,357 11,427 X 11,427 0 0 FRANKLIN RESOURCES IN COMMON 354613101 7,056,797 80,073 X X 41,762 0 38,311 FRANKLIN TAX FREE TR MUTUAL 354723801 292,058 31,037 X 31,037 0 0 GAMESTOP CORP NEW CL COMMON 36467W109 4,181,283 122,224 X X 81,499 0 40,725 GENENTECH INC NEW COMMON 368710406 301,512 3,400 X 500 0 2,900 GENERAL ELECTRIC CO COMMON 369604103 20,275,136 795,103 X X 550,850 0 244,253 GENERAL MILLS INC COMMON 370334104 1,216,275 17,699 X 15,249 0 2,450 GENESEE & WYO INC CL COMMON 371559105 287,703 7,668 X 0 0 7,668 GILEAD SCIENCES INC COMMON 375558103 991,540 21,730 X 18,060 0 3,670 GLAXOSMITHKLINE PLC A COMMON 37733W105 1,648,351 37,928 X X 29,129 0 8,799 GOLDMAN SACHS GROUP I PREFERR 38143Y665 1,718,643 134,375 X X 116,275 0 18,100 GOOGLE INC CL A COMMON 38259P508 526,684 1,315 X 1,160 0 155 HALLIBURTON CO. COMMON 406216101 1,267,259 39,125 X 32,025 0 7,100 HARRIS CORP DEL COMMON 413875105 330,330 7,150 X X 4,750 0 2,400 HCP INC COMMON 40414L109 332,036 8,274 X X 3,088 0 5,186 HEINZ H J CO. COMMON 423074103 1,039,376 20,800 X X 7,200 0 13,600 HELMERICH & PAYNE COMMON 423452101 1,418,792 32,850 X 10,425 0 22,425 HERSHEY FOODS CORP COMMON 427866108 815,868 20,634 X 14,100 0 6,534 HEWLETT PACKARD CO. COMMON 428236103 1,176,881 25,452 X X 21,085 0 4,367 HOME DEPOT INC COMMON 437076102 609,768 23,552 X 22,462 0 1,090 HONEYWELL INTL INC COMMON 438516106 860,916 20,720 X 4,018 0 16,702 HSBC HLDGS PLC ADR SP COMMON 404280406 1,097,203 13,574 X 13,574 0 0 HUNTINGTON BANCSHARES COMMON 446150104 98,932 12,382 X 12,382 0 0 ILLINOIS TOOL WORKS I COMMON 452308109 7,424,439 167,029 X X 107,227 0 59,802 INGERSOLL-RAND COMPAN COMMON G4776G101 619,660 19,880 X 19,880 0 0 INT'L BUSINESS MACH. COMMON 459200101 8,166,485 69,823 X X 53,103 0 16,720 INTEL CORP COMMON 458140100 7,271,776 388,242 X X 261,110 0 127,132 ISHARES TR RUSSL 2000 MUTUAL 464287655 469,200 6,900 X 3,300 0 3,600 ITT CORP NEW COM COMMON 450911102 3,095,531 55,665 X X 34,730 0 20,935 J P MORGAN CHASE & CO COMMON 46625H100 2,892,505 61,938 X X 46,365 0 15,573 JOHNSON CONTROLS INC COMMON 478366107 366,235 12,075 X X 7,375 0 4,700 JOHNSON & JOHNSON COMMON 478160104 25,326,821 365,572 X X 264,576 0 100,996 JULIUS BAER INVT FDS MUTUAL 481370500 379,744 12,357 X 12,357 0 0 KELLOGG CO. COMMON 487836108 5,498,054 98,005 X X 48,350 0 49,655 KIMBERLY CLARK CORP COMMON 494368103 2,580,178 39,793 X 37,093 0 2,700 KIMCO RLTY CORP COMMON 49446R109 204,611 5,539 X 5,539 0 0 KINDER MORGAN EGY PTN COMMON 494550106 819,473 15,750 X X 5,650 0 10,100 KOHLS CORP COMMON 500255104 1,895,040 41,125 X 39,075 0 2,050 KONINKLIJKE PHILIPS E COMMON 500472303 265,115 9,729 X 9,729 0 0 KRAFT FOODS INC CL A COMMON 50075N104 1,736,012 53,008 X X 24,078 0 28,930 LEGG MASON INC COMMON 524901105 314,947 8,275 X 5,375 0 2,900 LIBERTY PPTY TR SH BE COMMON 531172104 210,840 5,600 X 4,600 0 1,000 LILLY, ELI AND COMPAN COMMON 532457108 371,599 8,440 X 7,061 0 1,379 LINCOLN NATL CORP COMMON 534187109 2,362,427 55,184 X X 16,207 0 38,977 LOEWS CORP COMMON 540424108 592,350 15,000 X 15,000 0 0 LOWE'S COS INC COMMON 548661107 4,918,162 207,605 X 149,765 0 57,840 L-3 COMMUNICATIONS HO COMMON 502424104 7,632,483 77,629 X X 37,759 0 39,870 MAGELLAN MIDSTREAM PA COMMON 559080106 210,600 6,500 X 3,900 0 2,600 MCDONALD'S CORP COMMON 580135101 4,769,182 77,296 X X 52,933 0 24,363 MEDCO HEALTH SOLUTION COMMON 58405U102 201,239 4,472 X 2,424 0 2,048 MEDTRONIC INC COMMON 585055106 7,820,382 156,095 X X 109,520 0 46,575 MERCK & CO. INC COMMON 589331107 1,923,434 60,945 X X 41,992 0 18,954 MERITOR SVGS BK PA COMMON 590007100 74,400 24,000 X 2,000 0 22,000 METLIFE INC COMMON 59156R108 1,008,000 18,000 X X 15,300 0 2,700 MICROSOFT CORP COMMON 594918104 10,143,572 380,051 X X 241,260 0 138,791 MOTOROLA INC COMMON 620076109 113,526 15,900 X X 10,200 0 5,700 NABORS INDUSTRIES COMMON G6359F103 1,370,849 55,010 X 36,310 0 18,700 NCR CORP NEW COMMON 62886E108 203,963 9,250 X 9,250 0 0 NOBLE CORP COMMON G65422100 8,808,228 200,643 X X 129,028 0 71,615 NOBLE ENERGY COMMON 655044105 289,068 5,200 X 0 0 5,200 NOKIA CORP ADR COMMON 654902204 197,891 10,611 X 10,361 0 250 NORDSTROM INC COMMON 655664100 1,469,820 51,000 X X 23,350 0 27,650 NORFOLK SOUTHERN CORP COMMON 655844108 2,745,729 41,470 X X 35,320 0 6,150 NOVARTIS AG SPONSORED COMMON 66987V109 3,389,862 64,153 X 40,618 0 23,535 NUCOR CORP COMMON 670346105 3,394,235 85,930 X X 50,380 0 35,550 OCCIDENTAL PETE CORP COMMON 674599105 803,130 11,400 X 11,400 0 0 OMNICOM GROUP COMMON 681919106 5,313,452 137,797 X X 93,847 0 43,950 OPTIONSXPRESS HLDGS I COMMON 684010101 728,250 37,500 X 0 0 37,500 ORACLE SYS CORP COMMON 68389X105 6,180,841 304,325 X X 204,975 0 99,350 PENNSYLVANIA REIT COMMON 709102107 4,383,953 232,570 X X 141,864 0 90,706 PENTAIR INC COMMON 709631105 216,927 6,275 X X 2,675 0 3,600 PEPSICO INC COMMON 713448108 9,004,444 126,343 X X 88,575 0 37,768 PFIZER INC COMMON 717081103 5,527,353 299,748 X X 238,597 0 61,151 PHILIP MORRIS INTL IN COMMON 718172109 4,587,345 95,371 X X 52,012 0 43,359 PHOTOMEDEX INC COMMON 719358103 6,880 16,000 X 0 0 16,000 PLANTGENIX INC PFD B COMMON 727990251 0 100,000 X 100,000 0 0 PNC FINANCIAL CORP COMMON 693475105 620,533 8,307 X 2,827 0 5,480 PPG INDUSTRIES INC COMMON 693506107 1,080,495 18,527 X X 16,590 0 1,937 PPL CORP COMMON 69351T106 1,143,844 30,898 X X 13,462 0 17,436 PRAXAIR INC COMMON 74005P104 1,911,512 26,645 X X 15,250 0 11,395 PROCTER & GAMBLE CO COMMON 742718109 11,710,429 168,036 X X 140,485 0 27,551 PROGRESS ENERGY INC C COMMON 743263105 652,341 15,125 X X 7,125 0 8,000 PROTECTED BUY-WRITE 0 PREFERR 61747S850 189,000 25,000 X 25,000 0 0 PROTECTED BUY-WRITE 1 PREFERR 61750V840 111,000 15,000 X 15,000 0 0 PUBLIC SVC ENTERPRISE COMMON 744573106 398,989 12,168 X 10,548 0 1,620 QUESTAR CORP COMMON 748356102 323,268 7,900 X X 400 0 7,500 RANGE RES CORP COM COMMON 75281A109 329,242 7,680 X 7,680 0 0 RAYMOND JAMES FINANCI COMMON 754730109 5,386,623 163,330 X X 120,105 0 43,225 RAYTHEON CO NEW COMMON 755111507 1,363,970 25,490 X 25,240 0 250 ROHM & HAAS CO. COMMON 775371107 2,184,000 31,200 X 31,200 0 0 ROYAL DUTCH SHELL PLC COMMON 780259206 1,046,247 17,730 X X 14,430 0 3,300 SANDISK CORP COMMON 80004C101 1,291,766 66,075 X 54,025 0 12,050 SBM OFFSHORE NV SHS COMMON N7752F148 805,603 37,645 X X 35,245 0 2,400 SCHERING PLOUGH CORP COMMON 806605101 321,119 17,386 X X 11,720 0 5,666 SCHLUMBERGER LTD COMMON 806857108 10,689,350 136,885 X X 87,750 0 49,135 SCHRODER SER TR ST MU MUTUAL 808090831 165,418 17,844 X 17,844 0 0 SEI INVTS CO. COMMON 784117103 7,315,211 329,514 X X 190,224 0 139,290 SIGMA ALDRICH CORP COMMON 826552101 523,885 9,994 X 9,994 0 0 SIMON PPTY GROUP INC COMMON 828806109 223,100 2,300 X 2,300 0 0 ST JUDE MED INC COMMON 790849103 229,018 5,266 X 4,666 0 600 STAPLES INC COMMON 855030102 1,930,545 85,802 X X 47,037 0 38,765 STATE STREET CORP COMMON 857477103 1,905,423 33,499 X X 18,949 0 14,550 STERICYCLE INC COM COMMON 858912108 424,152 7,200 X 7,200 0 0 SUNTRUST BKS INC COMMON 867914103 681,329 15,144 X X 6,000 0 9,144 SUPERVALU INC COMMON 868536103 1,004,428 46,287 X X 1,755 0 44,532 SYSCO CORP COMMON 871829107 7,893,015 256,017 X X 157,917 0 98,100 TARGET CORP COMMON 87612E106 779,405 15,890 X X 6,340 0 9,550 TELEFONICA S A ADR COMMON 879382208 409,066 5,722 X X 130 0 5,592 TEVA PHARMACEUTICAL COMMON 881624209 8,298,975 181,240 X X 112,665 0 68,575 TEXAS INSTRUMENTS INC COMMON 882508104 1,562,900 72,693 X X 61,393 0 11,300 TEXAS PAC LD COMMON 882610108 205,211 5,500 X 5,500 0 0 TEXTRON INC COMMON 883203101 362,252 12,372 X X 11,172 0 1,200 THERMO FISHER SCIENTI COMMON 883556102 1,844,645 33,539 X 33,539 0 0 TOLL BROTHERS INC COMMON 889478103 300,237 11,900 X X 5,200 0 6,700 TOYOTA MTR CORP ADR 1 COMMON 892331307 3,928,181 45,783 X X 32,123 0 13,660 TRANSOCEAN INC COM NE COMMON G90073100 11,286,822 102,757 X X 64,954 0 37,803 UBS FDS DYNAMIC ALPH MUTUAL 90262H353 98,602 10,303 X 10,303 0 0 ULTRA PETROLEUM CORP COMMON 903914109 2,422,509 43,775 X X 28,615 0 15,160 UNILEVER N V COMMON 904784709 392,325 13,932 X X 4,200 0 9,732 UNION PACIFIC CORP COMMON 907818108 550,494 7,736 X X 1,472 0 6,264 UNITED PARCEL SVC INC COMMON 911312106 744,806 11,843 X 11,825 0 18 UNITED TECHNOLOGIES C COMMON 913017109 3,254,968 54,195 X X 46,493 0 7,702 US BANCORP NEW COMMON 902973304 1,299,998 36,091 X X 28,700 0 7,391 V F CORP COMMON 918204108 663,938 8,588 X X 1,937 0 6,651 VANGUARD INTERM-TERM MUTUAL 922907878 283,358 22,453 X 0 0 22,453 VANGUARD PA TAX EXEMP MUTUAL 92204L104 119,098 11,463 X 9,833 0 1,630 VANGUARD/WINDSOR FD I MUTUAL 922018403 225,347 5,797 X 5,797 0 0 VERIZON COMMUNICATION COMMON 92343V104 2,545,508 79,324 X X 52,688 0 26,636 VODAFONE GROUP PLC NE COMMON 92857W209 234,967 10,632 X 10,632 0 0 VULCAN MATLS CO COM COMMON 929160109 208,600 2,800 X X 1,500 0 1,300 WACHOVIA CORP COMMON 929903102 118,737 33,925 X X 19,431 0 14,494 WAL MART STORES INC COMMON 931142103 915,838 15,292 X X 12,392 0 2,900 WALGREEN COMPANY COMMON 931422109 204,831 6,616 X 5,233 0 1,383 WALLFRIN INDUSTRIES I COMMON 932495104 0 20,000 X 0 0 20,000 WELLS FARGO & CO NEW COMMON 949746101 2,556,281 68,113 X X 39,413 0 28,700 WEYERHAEUSER CO COMMON 962166104 524,017 8,650 X 4,200 0 4,450 WILLIS GROUP HOLDINGS COMMON G96655108 6,220,954 192,838 X X 116,063 0 76,775 WYETH COMMON 983024100 3,034,621 82,150 X X 52,050 0 30,100 XTO ENERGY INC COM COMMON 98385X106 474,830 10,207 X 8,382 0 1,825 YUM BRANDS INC COMMON 988498101 510,542 15,656 X X 12,132 0 3,524
TOWER BRIDGE ADVISORS DISCRETIONARY OWNERSHIP FOR 13F AS OF DATE: 09/30/08 (ITEM 1) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) INVESTMENT DISCRETION --------------------------------------------- NAME TITLE FAIR SHARES OR SHARED OF OF CUSIP MARKET PRINCIPAL SOLE SHARED OTHER ISSUER CLASS NUMBER VALUE AMOUNT (A) (B) (C) - ---------------------- ------ ---------- -------------- ------------ ---------- ---------- ---------- 3M CO. COMMON 88579Y101 4,394,776 64,336 63,136 1,200 A T & T INC (NEW) COMMON 00206R102 8,271,772 296,267 273,223 23,044 ABBOTT LABS COMMON 002824100 4,137,929 71,864 57,184 14,680 ACCENTURE LTD CL A COMMON G1150G111 8,196,600 215,700 207,800 7,900 AFLAC INC COMMON 001055102 411,191 6,999 6,999 AIM INVT SECS FDS INC MUTUAL 00142C805 65,493 17,606 17,606 AIR PRODS & CHEMS INC COMMON 009158106 4,476,027 65,353 64,653 700 ALCOA INC COMMON 013817101 1,204,417 53,340 52,140 1,200 ALLETE INC NEW COMMON 018522300 452,877 10,177 10,077 100 ALLIANCEBERNSTEIN HOL COMMON 01881G106 867,885 23,450 21,700 1,750 ALTRIA GROUP INC COMMON 02209S103 1,210,220 60,999 20,725 40,274 AMDOCS LTD ORD COMMON G02602103 6,167,756 225,265 222,465 2,800 AMERICAN EXPRESS CO. COMMON 025816109 1,212,663 34,227 33,627 600 AMERICAN INTL GROUP I COMMON 026874107 114,552 34,400 34,400 AMGEN INC COMMON 031162100 1,312,890 22,151 22,151 ANADARKO PETROLEUM COMMON 032511107 817,394 16,850 16,850 ANHEUSER BUSCH COS IN COMMON 035229103 584,180 9,004 9,004 APACHE CORP COMMON 037411105 1,421,336 13,630 13,630 APHTON CORP COMMON 03759P101 9 15,000 15,000 APPLE COMPUTER INC COMMON 037833100 558,184 4,911 4,911 AQUA AMERICA INC COMMON 03836W103 558,612 31,418 31,418 AUTOMATIC DATA PROCES COMMON 053015103 6,508,766 152,252 146,502 5,750 AVERY DENNISON CORP COMMON 053611109 200,160 4,500 500 4,000 BANK OF AMERICA CORP COMMON 060505104 5,382,191 153,777 104,307 49,470 BANK OF NEW YORK MELL COMMON 064058100 293,741 9,016 9,016 BAXTER INTERNATIONAL COMMON 071813109 1,178,059 17,950 17,950 BECKMAN COULTER INC COMMON 075811109 938,843 13,225 13,225 BECTON DICKINSON & CO COMMON 075887109 718,327 8,950 7,550 1,400 BED BATH & BEYOND INC COMMON 075896100 314,100 10,000 10,000 BERKSHIRE HATHAWAY IN COMMON 084670108 391,800 3 3 BERKSHIRE HATHAWAY (B COMMON 084670207 826,260 188 188 BEST BUY INC COMMON 086516101 644,813 17,195 17,195 BJ SERVICES COMMON 055482103 374,087 19,555 19,555 BLACKROCK INSD MUN TE MUTUAL 092474105 168,810 17,000 17,000 BOEING CO. COMMON 097023105 602,915 10,513 2,513 8,000 BP PLC ADR COMMON 055622104 3,214,091 64,064 58,528 5,536 BRIDGEWAY FD INC ULTR MUTUAL 108747403 160,306 10,737 10,737 BRISTOL MYERS SQUIBB COMMON 110122108 1,022,067 49,020 43,420 5,600 BRYN MAWR BANK CORP COMMON 117665109 289,257 13,160 13,160 BURLINGTON NORTHN SAN COMMON 12189T104 2,262,964 24,483 21,283 3,200 CALVERT MUN BD FD NAT MUTUAL 131616203 115,316 11,429 11,429 CAMPBELL SOUP CO COMMON 134429109 679,360 17,600 17,600 CARNIVAL CORP PAIRED COMMON 143658300 6,742,256 190,729 187,429 3,300 CATERPILLAR INC COMMON 149123101 2,007,626 33,685 33,685 CHESAPEAKE ENERGY COR COMMON 165167107 2,802,909 78,163 72,263 5,900 CHEVRONTEXACO CORP COMMON 166764100 6,723,762 81,520 65,970 15,550 CHUBB CORP COMMON 171232101 285,480 5,200 2,800 2,400 CIGNA CORP COMMON 125509109 345,475 10,167 10,167 CISCO SYSTEMS INC COMMON 17275R102 9,739,829 431,730 395,725 36,005 CITIGROUP INC COMMON 172967101 887,037 43,249 42,299 950 CLOROX CO COMMON 189054109 434,504 6,931 6,931 COCA COLA CO. COMMON 191216100 2,850,232 53,900 33,900 20,000 COLGATE PALMOLIVE CO COMMON 194162103 6,418,827 85,187 83,387 1,800 COMCAST CORP NEW A SP COMMON 20030N200 297,890 15,106 13,156 1,950 CONCURRENT COMPUTER C COMMON 206710402 63,481 10,945 10,876 69 CONOCOPHILLIPS COMMON 20825C104 4,552,634 62,152 58,960 3,192 CONSOLIDATED EDISON I COMMON 209115104 234,003 5,447 3,141 2,306 CORNING INC COMMON 219350105 5,572,970 356,328 354,728 1,600 COSTCO WHOLESALE COMMON 22160K105 1,188,776 18,309 18,307 2 CULLEN FROST BANKERS COMMON 229899109 807,000 13,450 13,450 CVS CORP COMMON 126650100 8,252,104 245,161 241,861 3,300 DAKTRONICS INC COM COMMON 234264109 330,701 19,850 19,850 DENTSPLY INTL INC NEW COMMON 249030107 5,682,288 151,366 149,566 1,800 DEVON ENERGY CORP NEW COMMON 25179M103 6,227,774 68,287 66,637 1,650 DISNEY WALT COMPANY COMMON 254687106 1,943,536 63,328 61,728 1,600 DOMINION RES INC VA N COMMON 25746U109 1,772,204 41,426 34,626 6,800 DU PONT E I DE NEMOUR COMMON 263534109 2,660,808 66,025 55,675 10,350 DUKE ENERGY CORP COMMON 26441C105 1,321,996 75,846 62,350 13,496 E M C CORP MASS COMMON 268648102 3,997,319 334,224 332,924 1,300 EATON VANCE MUNS TR T MUTUAL 27826L330 280,783 30,991 30,991 EDISON INTL COMMON 281020107 231,420 5,800 5,800 EMERSON ELECTRIC CO COMMON 291011104 2,431,696 59,615 53,715 5,900 ENCANA CORP COMMON 292505104 393,131 5,981 5,981 ENTERGY CORP NEW COMMON 29364G103 311,535 3,500 3,500 ENTERPRISE PRODS PART COMMON 293792107 1,509,183 58,564 56,364 2,200 EQUITABLE RESOURCES I COMMON 294549100 350,551 9,557 9,557 EXELON CORP COMMON 30161N101 552,434 8,822 7,722 1,100 EXXON MOBIL COMMON 30231G102 30,968,027 398,764 368,224 30,540 FEDERATED GOVT INCOME MUTUAL 313912107 124,502 14,261 14,261 FEDEX CORP COMMON 31428X106 7,855,417 99,385 96,785 2,600 FORTUNE BRANDS INC COMMON 349631101 397,275 6,926 6,926 FPL GROUP INC COMMON 302571104 1,431,538 28,460 26,460 2,000 FRANKLIN INVS SECS TR MUTUAL 353612302 101,357 11,427 11,427 FRANKLIN RESOURCES IN COMMON 354613101 7,056,797 80,073 79,773 300 FRANKLIN TAX FREE TR MUTUAL 354723801 292,058 31,037 31,037 GAMESTOP CORP NEW CL COMMON 36467W109 4,181,283 122,224 121,824 400 GENENTECH INC NEW COMMON 368710406 301,512 3,400 3,400 GENERAL ELECTRIC CO COMMON 369604103 20,275,136 795,103 748,852 46,251 GENERAL MILLS INC COMMON 370334104 1,216,275 17,699 17,699 GENESEE & WYO INC CL COMMON 371559105 287,703 7,668 7,668 GILEAD SCIENCES INC COMMON 375558103 991,540 21,730 21,730 GLAXOSMITHKLINE PLC A COMMON 37733W105 1,648,351 37,928 36,528 1,400 GOLDMAN SACHS GROUP I PREFERR 38143Y665 1,718,643 134,375 133,275 1,100 GOOGLE INC CL A COMMON 38259P508 526,684 1,315 1,315 HALLIBURTON CO. COMMON 406216101 1,267,259 39,125 39,125 HARRIS CORP DEL COMMON 413875105 330,330 7,150 5,950 1,200 HCP INC COMMON 40414L109 332,036 8,274 5,074 3,200 HEINZ H J CO. COMMON 423074103 1,039,376 20,800 10,800 10,000 HELMERICH & PAYNE COMMON 423452101 1,418,792 32,850 32,850 HERSHEY FOODS CORP COMMON 427866108 815,868 20,634 20,634 HEWLETT PACKARD CO. COMMON 428236103 1,176,881 25,452 22,077 3,375 HOME DEPOT INC COMMON 437076102 609,768 23,552 23,552 HONEYWELL INTL INC COMMON 438516106 860,916 20,720 20,720 HSBC HLDGS PLC ADR SP COMMON 404280406 1,097,203 13,574 13,574 HUNTINGTON BANCSHARES COMMON 446150104 98,932 12,382 12,382 ILLINOIS TOOL WORKS I COMMON 452308109 7,424,439 167,029 164,403 2,626 INGERSOLL-RAND COMPAN COMMON G4776G101 619,660 19,880 19,880 INT'L BUSINESS MACH. COMMON 459200101 8,166,485 69,823 67,776 2,047 INTEL CORP COMMON 458140100 7,271,776 388,242 330,341 57,901 ISHARES TR RUSSL 2000 MUTUAL 464287655 469,200 6,900 6,900 ITT CORP NEW COM COMMON 450911102 3,095,531 55,665 55,165 500 J P MORGAN CHASE & CO COMMON 46625H100 2,892,505 61,938 48,619 13,319 JOHNSON CONTROLS INC COMMON 478366107 366,235 12,075 8,775 3,300 JOHNSON & JOHNSON COMMON 478160104 25,326,821 365,572 340,572 25,000 JULIUS BAER INVT FDS MUTUAL 481370500 379,744 12,357 12,357 KELLOGG CO. COMMON 487836108 5,498,054 98,005 95,355 2,650 KIMBERLY CLARK CORP COMMON 494368103 2,580,178 39,793 39,793 KIMCO RLTY CORP COMMON 49446R109 204,611 5,539 5,539 KINDER MORGAN EGY PTN COMMON 494550106 819,473 15,750 15,000 750 KOHLS CORP COMMON 500255104 1,895,040 41,125 41,125 KONINKLIJKE PHILIPS E COMMON 500472303 265,115 9,729 9,729 KRAFT FOODS INC CL A COMMON 50075N104 1,736,012 53,008 26,592 26,416 LEGG MASON INC COMMON 524901105 314,947 8,275 8,275 LIBERTY PPTY TR SH BE COMMON 531172104 210,840 5,600 5,600 LILLY, ELI AND COMPAN COMMON 532457108 371,599 8,440 8,440 LINCOLN NATL CORP COMMON 534187109 2,362,427 55,184 17,228 37,956 LOEWS CORP COMMON 540424108 592,350 15,000 15,000 LOWE'S COS INC COMMON 548661107 4,918,162 207,605 207,605 L-3 COMMUNICATIONS HO COMMON 502424104 7,632,483 77,629 76,079 1,550 MAGELLAN MIDSTREAM PA COMMON 559080106 210,600 6,500 6,500 MCDONALD'S CORP COMMON 580135101 4,769,182 77,296 76,496 800 MEDCO HEALTH SOLUTION COMMON 58405U102 201,239 4,472 4,472 MEDTRONIC INC COMMON 585055106 7,820,382 156,095 155,945 150 MERCK & CO. INC COMMON 589331107 1,923,434 60,945 49,945 11,000 MERITOR SVGS BK PA COMMON 590007100 74,400 24,000 24,000 METLIFE INC COMMON 59156R108 1,008,000 18,000 15,300 2,700 MICROSOFT CORP COMMON 594918104 10,143,572 380,051 374,551 5,500 MOTOROLA INC COMMON 620076109 113,526 15,900 13,200 2,700 NABORS INDUSTRIES COMMON G6359F103 1,370,849 55,010 55,010 NCR CORP NEW COMMON 62886E108 203,963 9,250 9,250 NOBLE CORP COMMON G65422100 8,808,228 200,643 180,543 20,100 NOBLE ENERGY COMMON 655044105 289,068 5,200 5,200 NOKIA CORP ADR COMMON 654902204 197,891 10,611 10,611 NORDSTROM INC COMMON 655664100 1,469,820 51,000 50,100 900 NORFOLK SOUTHERN CORP COMMON 655844108 2,745,729 41,470 40,120 1,350 NOVARTIS AG SPONSORED COMMON 66987V109 3,389,862 64,153 64,153 NUCOR CORP COMMON 670346105 3,394,235 85,930 84,230 1,700 OCCIDENTAL PETE CORP COMMON 674599105 803,130 11,400 11,400 OMNICOM GROUP COMMON 681919106 5,313,452 137,797 137,097 700 OPTIONSXPRESS HLDGS I COMMON 684010101 728,250 37,500 37,500 ORACLE SYS CORP COMMON 68389X105 6,180,841 304,325 290,325 14,000 PENNSYLVANIA REIT COMMON 709102107 4,383,953 232,570 231,770 800 PENTAIR INC COMMON 709631105 216,927 6,275 4,475 1,800 PEPSICO INC COMMON 713448108 9,004,444 126,343 110,093 16,250 PFIZER INC COMMON 717081103 5,527,353 299,748 251,177 48,571 PHILIP MORRIS INTL IN COMMON 718172109 4,587,345 95,371 55,097 40,274 PHOTOMEDEX INC COMMON 719358103 6,880 16,000 16,000 PLANTGENIX INC PFD B COMMON 727990251 0 100,000 100,000 PNC FINANCIAL CORP COMMON 693475105 620,533 8,307 8,307 PPG INDUSTRIES INC COMMON 693506107 1,080,495 18,527 17,790 737 PPL CORP COMMON 69351T106 1,143,844 30,898 22,898 8,000 PRAXAIR INC COMMON 74005P104 1,911,512 26,645 26,245 400 PROCTER & GAMBLE CO COMMON 742718109 11,710,429 168,036 157,804 10,232 PROGRESS ENERGY INC C COMMON 743263105 652,341 15,125 7,125 8,000 PROTECTED BUY-WRITE 0 PREFERR 61747S850 189,000 25,000 25,000 PROTECTED BUY-WRITE 1 PREFERR 61750V840 111,000 15,000 15,000 PUBLIC SVC ENTERPRISE COMMON 744573106 398,989 12,168 12,168 QUESTAR CORP COMMON 748356102 323,268 7,900 7,700 200 RANGE RES CORP COM COMMON 75281A109 329,242 7,680 7,680 RAYMOND JAMES FINANCI COMMON 754730109 5,386,623 163,330 161,930 1,400 RAYTHEON CO NEW COMMON 755111507 1,363,970 25,490 25,490 ROHM & HAAS CO. COMMON 775371107 2,184,000 31,200 31,200 ROYAL DUTCH SHELL PLC COMMON 780259206 1,046,247 17,730 14,730 3,000 SANDISK CORP COMMON 80004C101 1,291,766 66,075 66,075 SBM OFFSHORE NV SHS COMMON N7752F148 805,603 37,645 36,745 900 SCHERING PLOUGH CORP COMMON 806605101 321,119 17,386 14,986 2,400 SCHLUMBERGER LTD COMMON 806857108 10,689,350 136,885 125,735 11,150 SCHRODER SER TR ST MU MUTUAL 808090831 165,418 17,844 17,844 SEI INVTS CO. COMMON 784117103 7,315,211 329,514 326,514 3,000 SIGMA ALDRICH CORP COMMON 826552101 523,885 9,994 9,994 SIMON PPTY GROUP INC COMMON 828806109 223,100 2,300 2,300 ST JUDE MED INC COMMON 790849103 229,018 5,266 5,266 STAPLES INC COMMON 855030102 1,930,545 85,802 84,202 1,600 STATE STREET CORP COMMON 857477103 1,905,423 33,499 32,299 1,200 STERICYCLE INC COM COMMON 858912108 424,152 7,200 7,200 SUNTRUST BKS INC COMMON 867914103 681,329 15,144 10,021 5,123 SUPERVALU INC COMMON 868536103 1,004,428 46,287 1,755 44,532 SYSCO CORP COMMON 871829107 7,893,015 256,017 254,667 1,350 TARGET CORP COMMON 87612E106 779,405 15,890 12,540 3,350 TELEFONICA S A ADR COMMON 879382208 409,066 5,722 2,519 3,203 TEVA PHARMACEUTICAL COMMON 881624209 8,298,975 181,240 180,240 1,000 TEXAS INSTRUMENTS INC COMMON 882508104 1,562,900 72,693 62,493 10,200 TEXAS PAC LD COMMON 882610108 205,211 5,500 5,500 TEXTRON INC COMMON 883203101 362,252 12,372 11,172 1,200 THERMO FISHER SCIENTI COMMON 883556102 1,844,645 33,539 33,539 TOLL BROTHERS INC COMMON 889478103 300,237 11,900 9,300 2,600 TOYOTA MTR CORP ADR 1 COMMON 892331307 3,928,181 45,783 45,508 275 TRANSOCEAN INC COM NE COMMON G90073100 11,286,822 102,757 97,282 5,475 UBS FDS DYNAMIC ALPH MUTUAL 90262H353 98,602 10,303 10,303 ULTRA PETROLEUM CORP COMMON 903914109 2,422,509 43,775 39,775 4,000 UNILEVER N V COMMON 904784709 392,325 13,932 12,861 1,071 UNION PACIFIC CORP COMMON 907818108 550,494 7,736 4,648 3,088 UNITED PARCEL SVC INC COMMON 911312106 744,806 11,843 11,843 UNITED TECHNOLOGIES C COMMON 913017109 3,254,968 54,195 47,775 6,420 US BANCORP NEW COMMON 902973304 1,299,998 36,091 31,291 4,800 V F CORP COMMON 918204108 663,938 8,588 7,988 600 VANGUARD INTERM-TERM MUTUAL 922907878 283,358 22,453 22,453 VANGUARD PA TAX EXEMP MUTUAL 92204L104 119,098 11,463 11,463 VANGUARD/WINDSOR FD I MUTUAL 922018403 225,347 5,797 5,797 VERIZON COMMUNICATION COMMON 92343V104 2,545,508 79,324 59,115 20,209 VODAFONE GROUP PLC NE COMMON 92857W209 234,967 10,632 10,632 VULCAN MATLS CO COM COMMON 929160109 208,600 2,800 2,000 800 WACHOVIA CORP COMMON 929903102 118,737 33,925 33,125 800 WAL MART STORES INC COMMON 931142103 915,838 15,292 13,792 1,500 WALGREEN COMPANY COMMON 931422109 204,831 6,616 6,616 WALLFRIN INDUSTRIES I COMMON 932495104 0 20,000 20,000 WELLS FARGO & CO NEW COMMON 949746101 2,556,281 68,113 47,013 21,100 WEYERHAEUSER CO COMMON 962166104 524,017 8,650 8,650 WILLIS GROUP HOLDINGS COMMON G96655108 6,220,954 192,838 191,938 900 WYETH COMMON 983024100 3,034,621 82,150 58,161 23,989 XTO ENERGY INC COM COMMON 98385X106 474,830 10,207 10,207 YUM BRANDS INC COMMON 988498101 510,542 15,656 12,376 3,280
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