UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year of Quarter Ended: September 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 October 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: 51
Form 13F Information Table Value Total: $97,340
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>
PIMCO Short Term Fund, Cl. A MFUND 693391211 600 60240.964SH SOLE 60240.964
American Home Products COM 026609107 4978 119950 SH SOLE 119950
American Intl. Group COM 026874107 487 5600 SH SOLE 5600
Astoria Financial Corp COM 046265104 1114 36234 SH SOLE 36234
BCE Inc. COM 05534B109 3463 69515 SH SOLE 69515
Bank One Corp. COM 06423A103 1419 40768 SH SOLE 40768
BankBoston Corp. COM 06605R106 2457 56640 SH SOLE 56640
Bristol-Myers-Squibb COM 110122108 503 7458 SH SOLE 7458
Caterpillar COM 149123101 1817 33155 SH SOLE 33155
Citigroup, Inc. COM 172967101 2373 53930 SH SOLE 53930
Colgate-Palmolive Co COM 194162103 297 6500 SH SOLE 6500
Columbia Energy COM 197648108 2441 44084 SH SOLE 44084
Computer Sciences Corp. COM 205363104 3577 50871 SH SOLE 50871
Conoco Inc. 'A' COM 208251306 1880 67760 SH SOLE 67760
Corning Inc. COM 219350105 2520 36753 SH SOLE 36753
DST Systems COM 233326107 2138 37588 SH SOLE 37588
DuPont (E.I.) COM 263534109 2561 42327 SH SOLE 42327
El Paso Energy COM 283905107 2738 68018 SH SOLE 68018
Eli Lilly COM 532457108 1632 25423 SH SOLE 25423
Exxon Corp. COM 302290101 289 3800 SH SOLE 3800
Fannie Mae COM 313586109 2473 39448 SH SOLE 39448
First Union Corp. COM 337358105 1597 44833 SH SOLE 44833
Four Media Company COM 350872107 131 24954 SH SOLE 24954
General Electric COM 369604103 495 4179 SH SOLE 4179
Global Crossing Corp. COM G3921A100 229 8630 SH SOLE 8630
Halliburton Company COM 406216101 1682 41029 SH SOLE 41029
Honeywell COM 438506107 2792 25084 SH SOLE 25084
Int'l Business Mach Corp COM 459200101 1737 14355 SH SOLE 14355
Intel Corp. COM 458140100 1891 25444 SH SOLE 25444
Johnson & Johnson COM 478160104 2403 26157 SH SOLE 26157
MCI WorldCom COM 55268B106 2034 28296 SH SOLE 28296
MediaOne Group, Inc. COM 58440J104 2208 32320 SH SOLE 32320
Mellon Bank COM 585509102 2517 74842 SH SOLE 74842
Mitchell Energy/Dev. 'B' COM 606592301 334 14230 SH SOLE 14230
NCR Corp. COM 62886E108 2070 62595 SH SOLE 62595
New York Times COM 650111107 2387 63664 SH SOLE 63664
Oracle Corp. COM 68389X105 2807 61685 SH SOLE 61685
Outback Steakhouse COM 689899102 1952 76662 SH SOLE 76662
PepsiCo Inc. COM 713448108 1871 61348 SH SOLE 61348
Pfizer Inc. COM 717081103 413 11500 SH SOLE 11500
Proctor & Gamble COM 742718109 555 5916 SH SOLE 5916
Royal Dutch Pete Co NY Registr COM 780257705 260 4400 SH SOLE 4400
SBC Communications COM 78387G103 3039 59519 SH SOLE 59519
Scientific-Atlanta COM 808655104 3788 76435 SH SOLE 76435
Telefonica SA Sponsored ADR COM 879382208 2639 54969 SH SOLE 54969
Time Warner Inc. COM 887315109 2643 43509 SH SOLE 43509
Tyco International COM 902124106 2088 20220 SH SOLE 20220
Unilever N.V. COM 904784709 2162 31738 SH SOLE 31738
United Technologies COM 913017109 2670 45022 SH SOLE 45022
Warner-Lambert Co. COM 934488107 2368 35670 SH SOLE 35670
Xerox Corp. COM 984121103 1821 43429 SH SOLE 43429
</TABLE>
