UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year of Quarter Ended: June 30, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Philadelphia Investment Management Company
Address: 1845 Walnut Street
Suite 875
Philadelphia, PA 19103
13F File Number: 801-26332
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person signing
the report is authorized to submit it, that all information contained
herein is true, correct and complete, and that it is understood that
all required items, statements, schedules, lists, and tables, are
considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: William M. Shettle
Title: President
Phone: 215-569-0079
Signature, Place, and Date of Signing:
William M. Shettle Philadelphia, Pennsylvania July 26, 1999
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 53
Form 13F Information Table Value Total: $116,071
List of Other Included Managers:
No. 13F File Number Name
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<TABLE>
FORM 13F INFORMATION TABLE
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> <C>
American Home Products COM 026609107 6964 121385 SH SOLE 121385
American Intl. Group COM 026874107 525 4481 SH SOLE 4481
Astoria Financial Corp COM 046265104 1717 39088 SH SOLE 39088
BCE Inc. COM 05534B109 3632 73660 SH SOLE 73660
Bank One Corp. COM 06423A103 2482 41668 SH SOLE 41668
BankAmerica Corp. (new) COM 06605F102 232 3168 SH SOLE 3168
BankBoston Corp. COM 06605R106 3050 59662 SH SOLE 59662
Bristol-Myers-Squibb COM 110122108 530 7518 SH SOLE 7518
Citigroup, Inc. COM 172967101 2742 57724 SH SOLE 57724
Colgate-Palmolive Co COM 194162103 320 3250 SH SOLE 3250
Columbia Energy COM 197648108 2918 46555 SH SOLE 46555
Computer Sciences Corp. COM 205363104 3743 54096 SH SOLE 54096
Conoco Inc. 'A' COM 208251306 1933 69360 SH SOLE 69360
Corning Inc. COM 219350105 2754 39266 SH SOLE 39266
DST Systems COM 233326107 2481 39454 SH SOLE 39454
Delta Air Lines COM 247361108 2033 35276 SH SOLE 35276
DuPont (E.I.) COM 263534109 3021 44224 SH SOLE 44224
El Paso Energy COM 283905107 2550 72470 SH SOLE 72470
Eli Lilly COM 532457108 1915 26741 SH SOLE 26741
Exxon Corp. COM 302290101 293 3800 SH SOLE 3800
Fannie Mae COM 313586109 2846 41695 SH SOLE 41695
First Union Corp. COM 337358105 2207 46842 SH SOLE 46842
Four Media Company COM 350872107 183 28184 SH SOLE 28184
Frontier Corp. COM 35906P105 4230 72160 SH SOLE 72160
General Electric COM 369604103 517 4579 SH SOLE 4579
Halliburton Company COM 406216101 1974 43616 SH SOLE 43616
Honeywell COM 438506107 3066 26463 SH SOLE 26463
Int'l Business Mach Corp COM 459200101 323 2500 SH SOLE 2500
Johnson & Johnson COM 478160104 2709 27645 SH SOLE 27645
MCI WorldCom COM 55268B106 2510 29166 SH SOLE 29166
Mellon Bank COM 585509102 2896 79604 SH SOLE 79604
Mitchell Energy/Dev. 'B' COM 606592301 282 15360 SH SOLE 15360
NCR Corp. COM 62886E108 3239 66355 SH SOLE 66355
New York Times COM 650111107 2483 67460 SH SOLE 67460
Oracle Corp. COM 68389X105 2445 65860 SH SOLE 65860
Outback Steakhouse COM 689899102 3129 79597 SH SOLE 79597
Paine Webber Group COM 695629105 2163 46276 SH SOLE 46276
PepsiCo Inc. COM 713448108 2539 65623 SH SOLE 65623
Pfizer Inc. COM 717081103 425 3900 SH SOLE 3900
Proctor & Gamble COM 742718109 528 5916 SH SOLE 5916
Republic Security Financial Co COM 760758102 79 9443 SH SOLE 9443
Royal Dutch Pete Co NY Registr COM 780257705 265 4400 SH SOLE 4400
SBC Communications COM 78387G103 3597 62019 SH SOLE 62019
Scientific-Atlanta COM 808655104 2990 83044 SH SOLE 83044
Sears, Roebuck & Co. COM 812387108 1289 28924 SH SOLE 28924
Sovereign Bancorp Inc. COM 845905108 1360 112158 SH SOLE 112158
Sterling Commerce COM 859205106 2684 73022 SH SOLE 73022
Telefonica SA Sponsored ADR COM 879382208 2835 19268 SH SOLE 19268
Time Warner Inc. COM 887315109 3399 46808 SH SOLE 46808
Unilever N.V. COM 904784709 2343 33598 SH SOLE 33598
United Technologies COM 913017109 3482 48355 SH SOLE 48355
Warner-Lambert Co. COM 934488107 2506 36260 SH SOLE 36260
Xerox Corp. COM 984121103 2709 45866 SH SOLE 45866
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