UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year of Quarter Ended: December 31, 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 January 10, 2000
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: 56
Form 13F Information Table Value Total: $107,113
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 602 60478.541SH SOLE 60478.541
AT&T Corp Liberty Media Group COM 001957208 2737 48180 SH SOLE 48180
American Home Products COM 026609107 4638 118155 SH SOLE 118155
American Intl. Group COM 026874107 605 5591 SH SOLE 5591
Astoria Financial Corp COM 046265104 234 7679 SH SOLE 7679
BCE Inc. COM 05534B109 4307 47760 SH SOLE 47760
Bank One Corp. COM 06423A103 1165 36418 SH SOLE 36418
Bristol-Myers-Squibb COM 110122108 475 7398 SH SOLE 7398
Caterpillar COM 149123101 1357 28830 SH SOLE 28830
Citigroup, Inc. COM 172967101 2867 51483 SH SOLE 51483
Colgate-Palmolive Co COM 194162103 383 5900 SH SOLE 5900
Columbia Energy COM 197648108 2686 42474 SH SOLE 42474
Computer Sciences Corp. COM 205363104 4515 47716 SH SOLE 47716
Conoco Inc. 'A' COM 208251306 1588 64170 SH SOLE 64170
Corning Inc. COM 219350105 4048 31398 SH SOLE 31398
DST Systems COM 233326107 2636 34537 SH SOLE 34537
DuPont (E.I.) COM 263534109 2624 39837 SH SOLE 39837
El Paso Energy COM 283905107 2501 64438 SH SOLE 64438
Eli Lilly COM 532457108 1618 24333 SH SOLE 24333
Exxon Mobil Corporation COM 30231G102 444 5516 SH SOLE 5516
Fairchild Corp. COM 303698104 111 12200 SH SOLE 12200
Fannie Mae COM 313586109 2349 37623 SH SOLE 37623
First Union Corp. COM 337358105 1319 40033 SH SOLE 40033
FleetBoston Financial Corp. COM 339030108 2221 63789 SH SOLE 63789
Four Media Company COM 350872107 218 14654 SH SOLE 14654
General Electric COM 369604103 631 4079 SH SOLE 4079
Global Crossing Corp. COM G3921A100 250 5000 SH SOLE 5000
Halliburton Company COM 406216101 1548 38454 SH SOLE 38454
Hewlett-Packard COM 428236103 2111 18560 SH SOLE 18560
Honeywell COM 438516106 2413 41826 SH SOLE 41826
Int'l Business Mach Corp COM 459200101 1442 13365 SH SOLE 13365
Intel Corp. COM 458140100 1954 23734 SH SOLE 23734
Johnson & Johnson COM 478160104 2303 24702 SH SOLE 24702
MCI WorldCom COM 55268B106 2146 40449 SH SOLE 40449
MediaOne Group, Inc. COM 58440J104 2519 32790 SH SOLE 32790
Mellon Financial Corp. COM 58551A108 2439 71602 SH SOLE 71602
Minnesota Mining & Mfg. COM 604059105 1768 18060 SH SOLE 18060
Mitchell Energy/Dev. 'B' COM 606592301 281 13030 SH SOLE 13030
NCR Corp. COM 62886E108 2190 57815 SH SOLE 57815
New York Times COM 650111107 2914 59324 SH SOLE 59324
Nortel Networks Corp COM 656569100 283 2800 SH SOLE 2800
Oracle Corp. COM 68389X105 5169 46125 SH SOLE 46125
PepsiCo Inc. COM 713448108 1866 52930 SH SOLE 52930
Pfizer Inc. COM 717081103 367 11300 SH SOLE 11300
Proctor & Gamble COM 742718109 648 5916 SH SOLE 5916
Royal Dutch Pete Co NY Registr COM 780257804 260 4300 SH SOLE 4300
SBC Communications COM 78387G103 2823 57905 SH SOLE 57905
Scientific-Atlanta COM 808655104 3930 70335 SH SOLE 70335
Sterling Commerce COM 859205106 231 6788 SH SOLE 6788
Telefonica SA Sponsored ADR COM 879382208 4122 52300 SH SOLE 52300
Time Warner Inc. COM 887315109 2968 41049 SH SOLE 41049
Tyco International COM 902124106 1322 33910 SH SOLE 33910
Unilever N.V. COM 904784709 1559 28636 SH SOLE 28636
United Technologies COM 913017109 2733 42042 SH SOLE 42042
Warner-Lambert Co. COM 934488107 2769 33790 SH SOLE 33790
Xerox Corp. COM 984121103 907 39995 SH SOLE 39995
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