UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 09/30/03
Check here if Amendment |_|; Amendment Number:
This Amendment (Check only one.): |_| is a restatement.
|_| adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: MORSE, WILLIAMS AND CO., INC.
Address:_______________________________________
_______________________________________
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: Fortunata Messina
Title: Adm
Phone: 212-856-8215
Signature, Place, and Date of Signing:
/s/ Fortunata Messina New York, NY 11/06/2003
Report Type (Check only one.):
|X| 13F HOLDINGS REPORT.
|_| 13F NOTICE.
|_| 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
SEC13F.LNS MORSE, WILLIAMS AND CO., INC.
FORM 13F SUMMARY PAGE
AS OF DATE: 09/30/03
RUN DATE: 11/05/03 12:36 P.M.
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 221
FORM 13F INFORMATION TABLE VALUE TOTAL: $237,117,590
LIST OF OTHER INCLUDED MANAGERS:
NO. 13F FILE NUMBER NAME
PORTVUE-SEC13F.LNP MORSE, WILLIAMS AND CO., INC. PAGE 1
RUN DATE: 11/05/03 3:07 P.M.
FORM 13F INFORMATION TABLE
AS OF DATE: 09/30/03
<TABLE>
<CAPTION>
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
3M COMPANY COM COM 88579Y101 2027 29350 SH DEFINED 26600 1150 1600
ABBOTT LABS COM 002824100 525 12340 SH SOLE 10840 300 1200
ABIGAIL ADAMS NATL BANCORP COM COM 003390101 213 12370 SH SOLE 10540 0 1830
ADOBE SYS INC COM 00724F101 1070 27175 SH DEFINED 23750 3400 25
ADVANCED DIGITAL INFO CORP COM COM 007525108 757 53900 SH DEFINED 28100 13500 12300
AGL RES INC COM COM 001204106 248 8800 SH DEFINED 5900 2000 900
ALBEMARLE CORP COM COM 012653101 200 7300 SH DEFINED 5500 1800 0
ALBERTO CULVER CO CL B CV COM 013068101 526 8940 SH DEFINED 7940 1000 0
ALLERGAN INC. COM 018490102 553 7025 SH DEFINED 6650 375 0
ALLIANCE CAP MGMT HLDG L P UT COM 01855A101 221 6600 SH SOLE 6400 0 200
ALLTEL CORP COM 020039103 410 8850 SH SOLE 5650 450 2750
AMERICAN EXPRESS CO COM 025816109 605 13422 SH SOLE 12422 0 1000
AMERICAN INTL GROUP INC COM 026874107 3524 61079 SH DEFINED 57959 350 2770
AMERICAN STD COS INC DEL COM COM 029712106 496 5891 SH DEFINED 5601 290 0
AMGEN COM 031162100 1595 24721 SH DEFINED 20971 500 3250
ANADARKO PETE CORP COM 032511107 516 12350 SH SOLE 11650 0 700
ANALOG DEVICES INC COM 032654105 2509 66000 SH SOLE 46450 3500 16050
AOL TIME WARNER COM 00184A105 1802 119235 SH DEFINED 115060 1500 2675
APACHE CORP COM 037411105 811 11700 SH DEFINED 7925 1875 1900
APOLLO GROUP INC CL A COM 037604105 211 3200 SH SOLE 3200 0 0
APPLIED MATLS INC COM 038222105 2231 123042 SH DEFINED 105392 9450 8200
APPLIED MICRO CIRCUITS CORP CD COM 03822W109 49 10000 SH SOLE 10000 0 0
APPLIED SIGNAL TECH COM 038237103 1829 91700 SH SOLE 68400 8000 15300
AUTOMATIC DATA PROCESSING COM 053015103 1246 34745 SH DEFINED 32395 650 1700
AVON PRODUCTS INC COM 054303102 577 8931 SH DEFINED 8371 560 0
BANK OF AMERICA COM 060505104 322 4125 SH DEFINED 3425 500 200
BARD C R INC N J COM 067383109 758 10680 SH DEFINED 7830 850 2000
BARRICK GOLD CORP COM 067901108 909 48250 SH SOLE 31100 2000 15150
BEAR STEARNS COS INC COM 073902108 322 4309 SH DEFINED 3015 294 1000
BELLSOUTH CORP. COM 079860102 224 9468 SH DEFINED 7458 1010 1000
BERKSHIRE HATHAWAY INC DEL CL COM 084670207 235 94 SH SOLE 94 0 0
BOEING CO COM 097023105 1597 46523 SH DEFINED 37723 1100 7700
BOTTOMLINE TECHNOLOGIES DEL CO COM 101388106 1208 147350 SH SOLE 94750 17500 35100
BP AMOCO ADS COM 055622104 1320 31354 SH SOLE 22354 2000 7000
BRIGGS & STRATTON CORP COM COM 109043109 204 3470 SH DEFINED 1670 1400 400
BRISTOL MYERS SQUIBB CO COM 110122108 1465 57110 SH SOLE 42060 4000 11050
BROADCOM CORP COM COM 111320107 549 20600 SH SOLE 14800 1800 4000
CANADIAN SUPERIOR ENERGY INCCO COM 136644101 294 193500 SH SOLE 131000 25000 37500
CATERPILLAR TRACTOR COM 149123101 1450 21060 SH DEFINED 17410 600 3050
CELGENE CORP. COM 151020104 234 5400 SH SOLE 5400 0 0
CENTRAL FD CDA LTD CL A COM 153501101 76 16000 SH SOLE 16000 0 0
CENTRAL FD CDA LTD CL A COM 153501101 457 70500 SH SOLE 70500 0 0
CHEVRONTEXACO CORPORATION COM 166764100 1915 26799 SH SOLE 21149 300 5350
CHINA MOBILE HONG KONG LTD COM 16941M109 671 51500 SH SOLE 28700 6000 16800
CHIRON CORP. COM 170040109 1363 26300 SH SOLE 19600 400 6300
CIENA CORP COM COM 171779101 744 126943 SH SOLE 73981 22666 30296
CINTAS CORP. COM 172908105 2446 66100 SH SOLE 54400 3350 8350
CISCO SYS INC COM 17275R102 4029 205654 SH DEFINED 197504 3650 4500
CITIGROUP INC. COM 172967101 1141 25069 SH DEFINED 24444 625 0
COACH INC COM COM 189754104 1046 38300 SH SOLE 38300 0 0
COCA COLA CO COM 191216100 757 17615 SH SOLE 17315 0 300
</TABLE>
PORTVUE-SEC13F.LNP MORSE, WILLIAMS AND CO., INC. PAGE 2
RUN DATE: 11/05/03 3:07 P.M.
FORM 13F INFORMATION TABLE
AS OF DATE: 09/30/03
<TABLE>
<CAPTION>
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COLGATE PALMOLIVE CO COM 194162103 3043 54441 SH DEFINED 51641 500 2300
COMCAST CORP CL A SPL COM 20030N200 2730 92110 SH SOLE 92110 0 0
COMMONWEALTH TEL ENTERPRISESCO COM 203349105 230 5740 SH DEFINED 3440 2300 0
CONAGRA INC COM 205887102 495 23300 SH SOLE 19300 0 4000
CONSTELLATION BRANDS COM COM 21036P108 700 22945 SH DEFINED 22945 0 0
CORIXA CORP COM COM 21887F100 220 27200 SH SOLE 13700 0 13500
CRAY INC COM COM 225223106 1669 152400 SH DEFINED 96900 24000 31500
CUBIC CORP COM COM 229669106 1427 56800 SH SOLE 44000 6300 6500
DELL INC COM 24702R101 2441 73053 SH DEFINED 49228 7175 16650
DOUBLECLICK COM 258609304 192 17800 SH SOLE 11300 6500 0
DU PONT E I DE NEMOURS CO COM 263534109 1526 38147 SH SOLE 27997 600 9550
DUN & BRADSTREET CORP DEL NECO COM 26483E100 258 6200 SH DEFINED 4800 1400 0
E M C CORP MASS COM COM 268648102 962 76150 SH DEFINED 61400 9250 5500
EBAY INC COM COM 278642103 580 10820 SH DEFINED 9700 520 600
ECHOSTAR COMMUN CORP NEW CL A COM 278762109 1712 44700 SH SOLE 27900 3000 13800
ECOLAB INC COM COM 278865100 480 19000 SH SOLE 17800 1000 200
EMERSON ELEC CO COM 291011104 279 5300 SH DEFINED 4700 500 100
ENERGY FACTORS INC. 8.250% 12/ CONVERTIBLE BOND 292667AB8 236 236000 PRN SOLE 236000 0 0
EXELON CORP COM 30161N101 205 3225 SH DEFINED 1225 1150 850
EXXON CORPORATION COM 30231G102 5101 139382 SH DEFINED 125482 2500 11400
FEDERAL NAT MORTGAGE ASSN COM 313586109 2935 41808 SH DEFINED 39788 1620 400
FIRST DATA CORP COM 319963104 814 20372 SH DEFINED 12902 600 6870
FIRST HEALTH GROUP CORP COM 320960107 2001 76200 SH SOLE 53450 5500 17250
FLIR SYS INC COM COM 302445101 661 26020 SH SOLE 22620 1000 2400
FLOW INTL CORP. COM 343468104 42 20070 SH SOLE 10070 0 10000
FLUOR CORP NEW COM COM 343412102 261 7000 SH SOLE 7000 0 0
FOUNDRY NETWORKS COM COM 35063R100 613 28500 SH SOLE 24500 4000 0
FREQUENCY ELECTRS INC COM COM 358010106 588 60000 SH SOLE 38900 5000 16100
GANNETT INC DEL COM 364730101 361 4660 SH DEFINED 4250 410 0
GENERAL ELECTRIC COMPANY COM 369604103 4939 165696 SH DEFINED 146286 4110 15300
GENZYME CORP COM 372917104 2733 59015 SH SOLE 42515 3600 12900
GILEAD SCIENCES INC COM COM 375558103 241 4300 SH SOLE 4300 0 0
GLOBALSANTAFE CORP ORD COM G3930E101 525 21900 SH SOLE 19400 1300 1200
GOLDMAN SACHS GROUP INC COM COM 38141G104 235 2800 SH SOLE 2800 0 0
GTECH HLDGS CORP COM COM 400518106 1201 28020 SH DEFINED 19520 2500 6000
HALLIBURTON CO COM 406216101 1633 67350 SH DEFINED 51350 6500 9500
HCA INC COM COM 404119109 579 15707 SH DEFINED 13437 570 1700
HEALTH MGMT ASSOC INC NEW CL A COM 421933102 651 29850 SH DEFINED 26750 3100 0
HOME DEPOT INC COM 437076102 2699 84748 SH DEFINED 68348 4500 11900
HONEYWELL INTERNATIONAL, INC. COM 438516106 1084 41150 SH SOLE 26150 3000 12000
HSBC HLDGS PLC ADR SPON NEW COM 404280406 682 10339 SH SOLE 7439 0 2900
ILLINOIS TOOL WORKS INC COM 452308109 245 3700 SH SOLE 3700 0 0
INCYTE GENOMICS INC COM COM 45337C102 50 10700 SH SOLE 700 10000 0
INGERSOLL-RAND COMPANY LTD CL COM G4776G101 363 6800 SH SOLE 6800 0 0
INTEL CORP COM 458140100 6219 225998 SH DEFINED 198648 7650 19700
INTERNATIONAL BUSINESS MACHINE COM 459200101 1481 16770 SH DEFINED 14990 530 1250
INTERNATIONAL PRECIOUS METAL C FOREIGN COMMON S 459960100 0 89299 SH SOLE 89299 0 0
INTRADO INC COM COM 46117A100 827 36300 SH DEFINED 20300 11500 4500
INTUIT INC COM COM 461202103 228 4720 SH DEFINED 4300 420 0
INVITROGEN CORP COM COM 46185R100 465 8025 SH DEFINED 6325 1700 0
IVILLAGE INC COM COM 46588H105 56 25000 SH SOLE 25000 0 0
</TABLE>
PORTVUE-SEC13F.LNP MORSE, WILLIAMS AND CO., INC. PAGE 3
RUN DATE: 11/05/03 3:07 P.M.
FORM 13F INFORMATION TABLE
AS OF DATE: 09/30/03
<TABLE>
<CAPTION>
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
J.P. MORGAN CHASE & CO COM 46625H100 229 6670 SH SOLE 6670 0 0
JOHNSON & JOHNSON COM 478160104 5259 106197 SH DEFINED 86969 3350 15878
JUNIPER NETWORKS INC COM COM 48203R104 617 41100 SH SOLE 26700 5000 9400
KLA INSTRS CORP COM 482480100 702 13600 SH SOLE 11600 0 2000
KOHLS CORP COM COM 500255104 375 7000 SH SOLE 4500 0 2500
KOPIN CORP COM COM 500600101 484 70200 SH SOLE 45700 7000 17500
KRAFT FOODS INC CL A COM 50075N104 596 20200 SH DEFINED 19950 250 0
KRONOS INC COM COM 501052104 238 6750 SH SOLE 3750 0 3000
LABORATORY CORP AMER HLDGS COM COM 50540R409 630 21950 SH SOLE 18950 0 3000
LACLEDE GROUP INC COM COM 505597104 362 13400 SH SOLE 13400 0 0
LANDSTAR SYS INC COM COM 515098101 707 11512 SH DEFINED 8562 2550 400
LIBERTY MEDIA CORP SERIES A CO COM 530718105 141 14100 SH DEFINED 14100 0 0
LILLY ELI & CO COM 532457108 788 13261 SH SOLE 13261 0 0
LIZ CLAIBORNE INC COM COM 539320101 646 18985 SH DEFINED 17085 1900 0
LOCKHEED MARTIN CORP COM COM 539830109 1000 21675 SH DEFINED 18000 675 3000
LOWES CO COM 548661107 577 11120 SH DEFINED 10150 970 0
L-3 COMMUNICATIONS HLDGS INCCO COM 502424104 1926 44543 SH DEFINED 40243 500 3800
MAGMA DESIGN AUTOMATION INC CO COM 559181102 337 17200 SH SOLE 14750 1000 1450
MAPINFO CORP COM COM 565105103 233 24300 SH SOLE 9300 7000 8000
MARATHON OIL CORP COM COM 565849106 738 25900 SH DEFINED 19900 1600 4400
MARTEK BIOSCIENCES CORP COM COM 572901106 1332 25300 SH SOLE 23600 0 1700
MCDATA CORP CL A COM 580031201 270 22642 SH SOLE 22042 0 600
MEDIMMUNE INC. COM 584699102 1570 47525 SH DEFINED 31140 5135 11250
MEDTRONIC INC COM 585055106 2309 49210 SH DEFINED 44335 375 4500
MERCK & CO COM 589331107 2224 43938 SH DEFINED 36678 1760 5500
MERRILL LYNCH INC COM 590188108 246 4600 SH SOLE 4600 0 0
MGT SPECIAL EQUITIES FUND MUTUAL FUNDS 552993925 222 160 SH SOLE 160 0 0
MICRON TECHNOLOGY INC COM 595112103 473 35250 SH SOLE 25950 0 9300
MICROSOFT CORP. COM 594918104 5798 208574 SH DEFINED 131394 4930 72250
MILLENNIUM PHARMACTCLS INC COM COM 599902103 1070 69250 SH SOLE 48400 5000 15850
MILTOPE GROUP INC COM COM 602191108 61 10000 SH SOLE 10000 0 0
MOTOROLA INC COM 620076109 206 17225 SH SOLE 8925 0 8300
NETWORK APPLIANCE INC COM COM 64120L104 3690 179740 SH DEFINED 162540 5900 11300
NEW FOCUS INC COM COM 644383101 253 56300 SH SOLE 33300 12000 11000
NEWMONT MNG CORP COM 651639106 2693 68900 SH DEFINED 44300 6600 18000
NEXTEL COMMUNICATIONS INC CL A COM 65332V103 533 27025 SH DEFINED 20225 5800 1000
NOKIA CORP ADR SPONSORED COM 654902204 1804 115644 SH DEFINED 111044 0 4600
NORTEL NETWORKS CORP NEW COM COM 656568102 140 34100 SH SOLE 24100 0 10000
NORTHROP GRUMMAN CORP COM COM 666807102 733 8500 SH SOLE 5800 0 2700
NUCO2 INC COM COM 629428103 138 12500 SH SOLE 8500 4000 0
OPEN JT STK CO-VIMPELCOMMUNIAD COM 68370R109 1464 24050 SH SOLE 18100 4100 1850
OPENWAVE SYSTEMS INC COM 683718100 327 77600 SH SOLE 41500 18000 18100
ORACLE SYSTEMS CORPORATION COM 68389X105 291 25860 SH DEFINED 24400 1460 0
PEPSICO INC COM 713448108 903 19700 SH DEFINED 17700 1500 500
PETROLEUM GEO COM 716597109 15 15400 SH SOLE 2300 8000 5100
PETSMART INC COM COM 716768106 523 23000 SH SOLE 15000 4000 4000
PFIZER INC COM 717081103 5042 165961 SH DEFINED 144929 5750 15282
PLUM CREEK TIMBER CO INC COM COM 729251108 640 25165 SH SOLE 23665 0 1500
PMA CAPITAL 8.500% 06/15/18 PREFERRED STOCKS 693419301 1151 111400 SH SOLE 99900 0 11500
PROCTER & GAMBLE CO COM 742718109 1478 15921 SH SOLE 15676 0 245
PROGRESSIVE CORP OHIO COM COM 743315103 493 7130 SH DEFINED 6750 380 0
</TABLE>
PORTVUE-SEC13F.LNP MORSE, WILLIAMS AND CO., INC. PAGE 4
RUN DATE: 11/05/03 3:07 P.M.
FORM 13F INFORMATION TABLE
AS OF DATE: 09/30/03
<TABLE>
<CAPTION>
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PULTE HOMES INC COM COM 745867101 207 3045 SH DEFINED 1945 1100 0
QUALCOMM INC COM COM 747525103 1867 44800 SH DEFINED 34650 3800 6350
QUIKSILVER INC COM 74838C106 179 11200 SH DEFINED 8100 3100 0
RAYTHEON CO NEW COM COM 755111507 2012 71865 SH DEFINED 49500 5365 17000
RED HAT INC COM COM 756577102 504 50400 SH SOLE 42400 8000 0
RF MICRO DEVICES INC COM COM 749941100 1334 144400 SH SOLE 97000 12500 34900
ROHM & HAAS CO COM 775371107 378 11300 SH SOLE 8800 0 2500
ROYAL DUTCH PETRO-NY SHARES COM 780257804 307 6940 SH SOLE 4790 0 2150
RPM INC OHIO COM 749685103 511 39100 SH SOLE 30100 1000 8000
RSA SEC INC COM COM 749719100 1285 89350 SH SOLE 68650 3000 17700
SAP AG ADR SPONS PREF COM 803054204 1194 39250 SH DEFINED 33400 3250 2600
SBC COMMUNICATIONS, INC COMMON COM 78387G103 233 10479 SH SOLE 6679 0 3800
SCHERING PLOUGH CORP COM 806605101 419 27517 SH DEFINED 27517 0 0
SCHLUMBERGER COM 806857108 265 5478 SH SOLE 5478 0 0
SCHWAB CHARLES CORP NEW COM COM 808513105 133 11200 SH SOLE 11200 0 0
SCRIPPS COMPANY E.W. COM 811054204 851 1000 SH SOLE 1000 0 0
SEACHANGE INTL INC COM COM 811699107 404 32350 SH SOLE 21350 3500 7500
SELECTED AMERN SHS INC COM MUTUAL FUNDS 816221105 390 13401 SH SOLE 13401 0 0
SENSIENT TECHNOLOGIES CORP COM COM 81725T100 244 11600 SH DEFINED 6650 2350 2600
SIGMA ALDRICH CORP COM 826552101 542 10400 SH SOLE 7800 1000 1600
SOFTBRANDS INC COM COM 83402A107 21 26616 SH SOLE 18564 0 8052
SONICWALL INC COM COM 835470105 98 17000 SH SOLE 17000 0 0
SPACEHAB CVTS 8.000% 10/15/07 CONVERTIBLE BOND 846243AC7 2984 4555000 PRN SOLE 3560000 80000 915000
SPACEHAB INC COM COM 846243103 54 57700 SH SOLE 32700 25000 0
STORAGE TECHNOLOGY CORP COM PA COM 862111200 852 35300 SH DEFINED 27000 3300 5000
STRYKER CORP COM 863667101 917 12175 SH SOLE 12175 0 0
SYSCO CORP COM 871829107 2895 88512 SH DEFINED 86962 750 800
TAIWAN SEMICONDUCTOR MFG CO AD COM 874039100 922 85097 SH SOLE 54135 6000 24962
TARGET CORP COM 87612E106 2279 60570 SH DEFINED 59970 600 0
TENN VALLEY AUTH SERIES B 6.75 PREFERRED STOCKS 880591300 2065 79500 SH SOLE 76500 0 3000
TEXAS INDS PFDS CONVERTIBLE PREF 873119200 1083 30500 SH SOLE 26700 0 3800
TEXAS INSTRUMENTS INC COM 882508104 965 42330 SH SOLE 30830 5000 6500
TEXTRON INC COM 883203101 805 20405 SH DEFINED 14020 485 5900
THERMO ELECTRON CORP COM 883556102 691 31845 SH DEFINED 18700 5945 7200
TIFFANY & CO NEW COM 886547108 2206 59095 SH DEFINED 47970 1425 9700
TJX COS INC NEW COM COM 872540109 775 39905 SH DEFINED 39905 0 0
TORCHMARK CAP TR II GTD TR PFD PREFERRED STOCKS 89102T205 646 24300 SH SOLE 24300 0 0
TORCHMARK CORP COM COM 891027104 262 6435 SH DEFINED 5935 500 0
TOTAL FINA ELF S A ADR SPONS COM 89151E109 841 11100 SH SOLE 11100 0 0
TRANSOCEAN SEDCO FOREX INC COM G90078109 384 19190 SH DEFINED 13690 500 5000
TRIZETTO GROUP INC COM COM 896882107 239 35700 SH SOLE 8400 8000 19300
U S BANCORP COM 902973304 1408 58710 SH DEFINED 42000 910 15800
UNITED DEFENSE INDS INC COM COM 91018B104 361 12700 SH SOLE 7200 1000 4500
UNITED TECHNOLOGIES CORP COM 913017109 2994 38745 SH DEFINED 33185 360 5200
UNITEDHEALTH GROUP INC COM COM 91324P102 973 19340 SH DEFINED 15040 1200 3100
UNIVERSAL HEALTH SVCS CLASS B COM 913903100 690 13960 SH DEFINED 12470 1490 0
UTSTARCOM INC COM COM 918076100 801 25200 SH SOLE 17700 2400 5100
V F CORP COM COM 918204108 539 13850 SH DEFINED 9400 1900 2550
VERISIGN INC COM COM 92343E102 1142 84850 SH DEFINED 58150 11600 15100
VERIZON COMMUNICATIONS COM 92343V104 585 18020 SH DEFINED 15823 1075 1122
</TABLE>
PORTVUE-SEC13F.LNP MORSE, WILLIAMS AND CO., INC. PAGE 5
RUN DATE: 11/05/03 3:07 P.M.
FORM 13F INFORMATION TABLE
AS OF DATE: 09/30/03
<TABLE>
<CAPTION>
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
VIACOM CLASS B COM 925524308 297 7746 SH DEFINED 7221 525 0
VICAL INC COM 925602104 61 10400 SH SOLE 400 0 10000
VINTAGE PETE INC COM COM 927460105 109 10000 SH DEFINED 5000 5000 0
VITESSE SEMICONDUCTOR CORP. COM 928497106 1153 179800 SH SOLE 130300 10000 39500
VODAFONE GROUP PLC COM 92857W100 1017 50210 SH SOLE 46160 0 4050
WACHOVIA CORP PFD COM 929903201 0 14000 SH SOLE 14000 0 0
WACHOVIA GROUP COM COM 929903102 577 14000 SH SOLE 14000 0 0
WAL MART STORES INC COM 931142103 1385 24804 SH DEFINED 20304 900 3600
WALGREEN COMPANY COM 931422109 818 26700 SH SOLE 23100 0 3600
WHOLE FOODS MKT INC COM COM 966837106 1167 21150 SH SOLE 20150 1000 0
WILLIAMS CO COM 969457100 349 37000 SH SOLE 37000 0 0
XILINX INC COM 983919101 412 14500 SH SOLE 12500 0 2000
XL CAPITAL LTD. COM G98255105 1686 21775 SH DEFINED 19550 225 2000
XM SATELLITE RADIO INC CL A COM 983759101 276 17800 SH SOLE 9000 8000 800
XTO ENERGY INC COM COM 98385X106 233 11102 SH SOLE 11102 0 0
YAHOO INC COM COM 984332106 1104 31200 SH SOLE 25350 4000 1850
ZIMMER HLDGS INC COM COM 98956P102 2303 41788 SH DEFINED 40896 892 0
ZORAN CORP COM COM 98975F101 376 19200 SH SOLE 10200 4000 5000
LINE COUNT: 221
</TABLE>