UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20519
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: __03/31/00__________
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: Wilbanks, Smith & Thomas Asset Management, Inc.
Address: One Commercial Place________________________
Suite 1450 _________________________________
Norfolk, VA 23510___________________________
Form 13F File Number: 28-5226___
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: L. Norfleet Smith, Jr. ________________
Title: Principal/Director of Operations________
Phone: (757) 623-3676 _____________________
Signature, Place, and Date of Signing:
________________ ______Norfolk, VA______ _ 04/27/2000__
[Signature] [City, State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[ ] 13F NOTICE (Check here if no holdings reported are in this report, and all
holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: _____0______
Form 13F Information Table Entry Total: ____146_____
Form 13F Information Table Value Total: $__808633___
(thousands)
List of Other Included Managers: NONE
Provide a numbered list of the names and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
<TABLE>
FORM 13F INFOR
MATION 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>
Standard Comercial Sub Deb Con CONV 853258aa9 5 10000 PRN
SOLE 10000
AT&T Capital Corp. Qtly Pfd. 8 PFD 00206j308 3461 143845 SH
SOLE 143845
Abn Amro Capital Fund II 7.125 PFD 00371t206 1025 50750 SH
SOLE 50750
Armstrong World Prd. 7.45% PFD 042476606 391 20000 SH
SOLE 20000
Bear Stearns Cap 7.50% 12/15/2 PFD 07383J209 656 30000 SH
SOLE 30000
Bellsouth Cap Fund PFD 079857207 230 10000 SH
SOLE 10000
Conseco Financial Trust V 8.70 PFD 20847d205 328 19900 SH
SOLE 19900
EDF London Cap 8.625% Pfd. Ser PFD 268316205 365 16900 SH
SOLE 16900
Hartford Capital II Series B Q PFD 416320208 201 8600 SH
SOLE 8600
Lehman Bros Cap. Trust II 7.8 PFD 52518g209 907 40000 SH
SOLE 40000
Lincoln National Capital Pfd. PFD 53417p209 802 40000 SH
SOLE 40000
MediaOne Financing Pfd B PFD 583938204 271 11800 SH
SOLE 11800
Motorola Capital Trust I 6.68% PFD 620074203 664 32000 SH
SOLE 32000
NB Capital Trust (BAC) 7.84% PFD 628956203 5011 218440 SH
SOLE 218440
Nova Chemicals Corp. 9.04% (01 PFD 66977w307 562 30000 SH
SOLE 30000
PWG Capital Trust I 8.30% (12 PFD 69366e201 511 22400 SH
SOLE 22400
Public Storage Pfd 8.25% PFD 74460d760 772 35475 SH
SOLE 35475
Resource Bank Preferred 9.25% PFD 761201201 211 8450 SH
SOLE 8450
Southern Co. 7.75% Pfd. A PFD 84258t208 373 16780 SH
SOLE 16780
TCI 8.72% pf. PFD 872285200 5016 205258 SH
SOLE 205258
Talisman Energy 9% Pfd Ser 2/1 PFD 87425e400 430 20000 SH
SOLE 20000
Textron Capital I 7.92% (02/09 PFD 883198202 662 30000 SH
SOLE 30000
US Bancorp Pfd. 7.2% PFD 90332m200 347 17000 SH
SOLE 17000
Unionbancal Finance Tr I 7.375 PFD 90905q109 619 30000 SH
SOLE 30000
ADC Telecommunications COM 000886101 259 4800 SH
SOLE 4800
AFLAC Inc COM 001055102 15788 346500 SH
SOLE 346500
ALLTEL Corp COM 020039103 5012 79480 SH
SOLE 79480
AT&T Corp COM 001957109 11673 207526 SH
SOLE 207526
Abbott Laboratories COM 002824100 702 19941 SH
SOLE 19941
Aegon N. V. Ord. COM 007924103 986 12234 SH
SOLE 12234
Affiliated Managers Group COM 008252108 218 4600 SH
SOLE 4600
America Online Inc COM 02364j104 1022 15200 SH
SOLE 15200
American Express COM 025816109 10369 69622 SH
SOLE 69622
American Home Products COM 026609107 513 9547 SH
SOLE 9547
American Intl Group COM 026874107 20647 188557 SH
SOLE 188557
Applied Materials COM 038222105 434 4600 SH
SOLE 4600
BB&T Corporation COM 054937107 1004 35781 SH
SOLE 35781
BP Amoco PLC-Spons ADR COM 055622104 345 6496 SH
SOLE 6496
Bank of America Corp. COM 060505104 13447 256433 SH
SOLE 256433
Bank of Hampton Roads COM 0624890A8 255 16967 SH
SOLE 16967
Bell Atlantic COM 077853109 3350 54814 SH
SOLE 54814
BellSouth Corp COM 079860102 695 14782 SH
SOLE 14782
Berkshire Hathaway Class B COM 084670207 226 124 SH
SOLE 124
Bristol Myers Squibb COM 110122108 7154 123884 SH
SOLE 123884
Broadwing Inc COM 111620100 205 5500 SH
SOLE 5500
CCB Financial COM 124875105 9397 212367 SH
SOLE 212367
COMPAQ Computers COM 204493100 407 15200 SH
SOLE 15200
CVS Corp COM 126650100 15677 417350 SH
SOLE 417350
Cenit Bancorp Inc COM 15131w109 224 22025 SH
SOLE 22025
Centura Banks Inc COM 15640t100 250 5467 SH
SOLE 5467
Charles Schwab Corp COM 808513105 1510 26500 SH
SOLE 26500
Chase Manhattan Corp COM 16161a108 334 3830 SH
SOLE 3830
Chevron Corp COM 166751107 595 6438 SH
SOLE 6438
Circuit City Stores Inc COM 172737108 329 5400 SH
SOLE 5400
Cisco Systems COM 17275r102 1373 17764 SH
SOLE 17764
Citigroup COM 172967101 11265 189922 SH
SOLE 189922
Coca Cola Company COM 191216100 1055 22471 SH
SOLE 22471
Colgate Palmolive Co COM 194162103 12997 230542 SH
SOLE 230542
Computer Associates Intl. Inc. COM 204912109 14728 248840 SH
SOLE 248840
Computer Sciences COM 205363104 305 3850 SH
SOLE 3850
Cox Communications Inc COM 224044107 2160 44540 SH
SOLE 44540
Dell Computer Corp. COM 247025109 2344 43460 SH
SOLE 43460
Disney (Walt) Co. COM 254687106 11856 286556 SH
SOLE 286556
Dollar Tree Stores COM 256747106 23773 456080 SH
SOLE 456080
Du Pont E.I. De Nemours and Co COM 263534109 550 10391 SH
SOLE 10391
EMC Corp. COM 268648102 1744 13950 SH
SOLE 13950
Elan PLC ADR COM 284131208 221 4650 SH
SOLE 4650
Eli Lilly COM 532457108 396 6290 SH
SOLE 6290
Enron Corp. COM 293561106 659 8800 SH
SOLE 8800
Ericsson L M Tel Co Cl B ADS COM 294821400 387 4125 SH
SOLE 4125
Exxon Mobil Corporation COM 30231G102 15001 192782 SH
SOLE 192782
Federal Natl Mtg Assoc COM 313586109 12346 218754 SH
SOLE 218754
First Data Corp. COM 319963104 13054 295000 SH
SOLE 295000
Ford Motor COM 345370100 245 5323 SH
SOLE 5323
Fortune Brands (formerly Amer. COM 349631101 692 27672 SH
SOLE 27672
GTE Corp. COM 362320103 1264 17804 SH
SOLE 17804
General Electric COM 369604103 12472 80364 SH
SOLE 80364
Gillette Co COM 375766102 309 8200 SH
SOLE 8200
Heilig-Meyers COM 422893107 124 31504 SH
SOLE 31504
Hewlett-Packard Company COM 428236103 499 3768 SH
SOLE 3768
Home Depot COM 437076102 425 6584 SH
SOLE 6584
Honeywell International Inc. COM 438516106 18150 344489 SH
SOLE 344489
Intel Corporation COM 458140100 33215 251750 SH
SOLE 251750
International Business Machine COM 459200101 1645 13943 SH
SOLE 13943
Internet Cable Corp COM 46057x102 697 60000 SH
SOLE 60000
Jefferson-Pilot Corporation COM 475070108 1749 26277 SH
SOLE 26277
Johnson & Johnson COM 478160104 8887 126845 SH
SOLE 126845
Level 3 Communications COM 52729n100 201 1900 SH
SOLE 1900
Lowe's Companies COM 548661107 24653 422319 SH
SOLE 422319
Lucent Technologies COM 549463107 14317 235676 SH
SOLE 235676
MCI WorldCom COM 55268b106 133559 2947486 SH
SOLE 2947486
Manulife Financial Corp. COM 56501R106 666 45345 SH
SOLE 45345
Masco Corp COM 574599106 225 11000 SH
SOLE 11000
McDonald's Corp. COM 580135101 325 8650 SH
SOLE 8650
Mellon Financial Corp COM 58551A108 205 6900 SH
SOLE 6900
Merck & Co COM 589331107 15506 249591 SH
SOLE 249591
Merrill Lynch COM 590188108 378 3600 SH
SOLE 3600
Microsoft Corp COM 594918104 14389 135424 SH
SOLE 135424
Minnesota Mining & Manufacturi COM 604059105 354 4000 SH
SOLE 4000
Motorola, Inc COM 620076109 2249 15405 SH
SOLE 15405
Nestle SA-ADR COM 641069406 269 3000 SH
SOLE 3000
New York Times COM 650111107 16707 389085 SH
SOLE 389085
Nokia ADS COM 654902204 255 1150 SH
SOLE 1150
Norfolk Southern Corporation COM 655844108 143 10062 SH
SOLE 10062
Nortel Networks Corp. COM 656569100 5966 47350 SH
SOLE 47350
Oracle Systems Corp COM 68389x105 70426 902168 SH
SOLE 902168
Painewebber Group COM 695629105 220 4995 SH
SOLE 4995
Pepsico Inc. COM 713448108 15034 434965 SH
SOLE 434965
Pfizer, Inc. COM 717081103 2246 61424 SH
SOLE 61424
Pharmacia & Upjohn, Inc. COM 716941109 2372 40030 SH
SOLE 40030
Playtex COM 72813p100 2605 200400 SH
SOLE 200400
Proctor & Gamble COM 742718109 411 7299 SH
SOLE 7299
Providian (Formerly Capital Ho COM 74406a102 1711 19750 SH
SOLE 19750
Qwest Communications Intl COM 749121109 3432 70769 SH
SOLE 70769
Resource Bankshares Corp. COM 76121r104 1868 207536 SH
SOLE 207536
Royal Dutch Petrol. COM 780257804 541 9400 SH
SOLE 9400
SBC Communications, Inc. COM 78387g103 930 22075 SH
SOLE 22075
Schering-Plough Corporation COM 806605101 5413 147299 SH
SOLE 147299
Schlumberger Ltd COM 806857108 13244 173124 SH
SOLE 173124
Scripps EW Co Cl A New COM 811054204 201 4142 SH
SOLE 4142
SouthTrust Corp COM 844730101 261 10250 SH
SOLE 10250
Southern Co COM 842587107 216 9950 SH
SOLE 9950
Sun Microsystems COM 866810104 29303 312724 SH
SOLE 312724
Telespectrum Worldwide COM 87951u109 700 100000 SH
SOLE 100000
Tellabs, Inc. COM 879664100 12472 198020 SH
SOLE 198020
Terayon Communications Systems COM 880775101 205 1000 SH
SOLE 1000
Texaco Inc COM 881694103 336 6275 SH
SOLE 6275
Texas Instruments COM 882508104 623 3891 SH
SOLE 3891
Time Warner Inc COM 887315109 28489 284893 SH
SOLE 284893
Tyco International, Ltd. 'New' COM 902124106 29563 592742 SH
SOLE 592742
United Dominion Realty Tr COM 910197102 111 11000 SH
SOLE 11000
Viacom Inc NvtgCl B COM 925524308 211 4000 SH
SOLE 4000
Vodafone Airtouch PLC-SP ADR COM 92857t107 352 6340 SH
SOLE 6340
Wal-Mart Stores COM 931142103 616 11101 SH
SOLE 11101
Warner Lambert Company COM 934488107 538 5504 SH
SOLE 5504
Baron Small Cap COM 068278308 260 14562.712SH
SOLE 14562.712
Fidelity Contrafund COM 316071109 289 4670.746 SH
SOLE 4670.746
Fidelity Magellan COM 316184100 641 4473.184 SH
SOLE 4473.184
Fidelity Select Electronics COM 316390863 269 2130.142 SH
SOLE 1065.205
Goldman Sachs Tr Cap Growth Po COM 38141W638 493 17552.509SH
SOLE 17552.509
Janus Overseas COM 471023846 523 12264.943SH
SOLE 12264.943
Strong Funds - Growth & Income COM 862917309 249 8035.220 SH
SOLE 4017.610
Strong Growth 20 Fund COM 862916608 206 5533.206 SH
SOLE 3795.645
The Chesapeake - Class A COM 36559b203 218 7151.090 SH
SOLE 7151.090
Torray COM 891402109 463 10668.853SH
SOLE 10668.853
Vanguard Special Health Care COM 921908307 266 2589.705 SH
SOLE 1493.637
Vanguard/Primecap Fund COM 921936100 208 2846.136 SH
SOLE 1782.952
</TABLE>
