UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20519
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: __06/30/2000________
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______ _ 08/08/2000__
[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: ____144_____
Form 13F Information Table Value Total: $__834138___
(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.
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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>
Standard Comercial Sub Deb Con CONV 853258aa9 6 10000 PRN SOLE 10000
AT&T Capital Corp. Qtly Pfd. 8 PFD 00206j308 857 35900 SH SOLE 35900
Abn Amro Capital Fund II 7.125 PFD 00371t206 1052 51300 SH SOLE 51300
Armstrong World Prd. 7.45% PFD 042476606 390 20000 SH SOLE 20000
Bear Stearns Cap 7.50% 12/15/2 PFD 07383J209 664 30000 SH SOLE 30000
Bellsouth Cap Fund PFD 079857207 378 16000 SH SOLE 16000
EDF London Cap 8.625% Pfd. Ser PFD 268316205 340 14900 SH SOLE 14900
Lehman Bros Cap. Trust II 7.8 PFD 52518g209 880 40000 SH SOLE 40000
Lincoln National Capital Pfd. PFD 53417p209 845 40000 SH SOLE 40000
MediaOne Financing Pfd B PFD 583938204 277 11800 SH SOLE 11800
Motorola Capital Trust I 6.68% PFD 620074203 668 32000 SH SOLE 32000
NB Capital Trust (BAC) 7.84% PFD 628956203 4817 208315 SH SOLE 208315
Nova Chemicals Corp. 9.04% (01 PFD 66977w307 600 30000 SH SOLE 30000
PWG Capital Trust I 8.30% (12 PFD 69366e201 525 22400 SH SOLE 22400
Public Storage Pfd 8.25% PFD 74460d760 772 35475 SH SOLE 35475
Southern Co. 7.75% Pfd. A PFD 84258t208 383 16580 SH SOLE 16580
TCI 8.72% pf. PFD 872285200 4663 191298 SH SOLE 191298
Talisman Energy 9% Pfd Ser 2/1 PFD 87425e400 455 20000 SH SOLE 20000
Textron Capital I 7.92% (02/09 PFD 883198202 671 30000 SH SOLE 30000
US Bancorp Pfd. 7.2% PFD 90332m200 348 17000 SH SOLE 17000
Unionbancal Finance Tr I 7.375 PFD 90905q109 617 30000 SH SOLE 30000
ADC Telecommunications COM 000886101 252 3000 SH SOLE 3000
AFLAC Inc COM 001055102 15020 326972 SH SOLE 326972
ALLTEL Corp COM 020039103 13586 219355 SH SOLE 219355
AT&T Corp COM 001957109 6555 207287 SH SOLE 207287
Abbott Laboratories COM 002824100 1671 37491 SH SOLE 37491
Aegon N. V. Ord. COM 007924103 2322 65172 SH SOLE 65172
Affiliated Managers Group COM 008252108 209 4600 SH SOLE 4600
Air Products & Chemical COM 009158106 248 8000 SH SOLE 8000
America Online Inc COM 02364j104 784 14870 SH SOLE 14870
American Express COM 025816109 11257 215956 SH SOLE 215956
American Home Products COM 026609107 1031 17547 SH SOLE 17547
American Intl Group COM 026874107 21845 185914 SH SOLE 185914
Applied Materials COM 038222105 440 4858 SH SOLE 4858
BB&T Corporation COM 054937107 857 35890 SH SOLE 35890
BP Amoco PLC-Spons ADR COM 055622104 599 10598 SH SOLE 10598
Bank of America Corp. COM 060505104 11570 269074 SH SOLE 269074
Bank of Hampton Roads COM 0624890A8 258 17181 SH SOLE 17181
Bell Atlantic COM 077853109 5837 114875 SH SOLE 114875
BellSouth Corp COM 079860102 816 19132 SH SOLE 19132
Berkshire Hathaway Class B COM 084670207 206 117 SH SOLE 117
Bristol Myers Squibb COM 110122108 7990 137169 SH SOLE 137169
CCB Financial COM 124875105 8210 221893 SH SOLE 221893
COMPAQ Computers COM 204493100 389 15201 SH SOLE 15201
CVS Corp COM 126650100 17608 440197 SH SOLE 440197
Cenit Bancorp Inc COM 15131w109 262 22025 SH SOLE 22025
Centura Banks Inc COM 15640t100 220 6487 SH SOLE 6487
Charles Schwab Corp COM 808513105 1323 39349 SH SOLE 39349
Chase Manhattan Corp COM 16161a108 241 5230 SH SOLE 5230
Chevron Corp COM 166751107 538 6342 SH SOLE 6342
Cisco Systems COM 17275r102 910 14319 SH SOLE 14319
Citigroup COM 172967101 13283 220467 SH SOLE 220467
Coca Cola Company COM 191216100 1447 25193 SH SOLE 25193
Colgate Palmolive Co COM 194162103 14512 242367 SH SOLE 242367
Computer Associates Intl. Inc. COM 204912109 16340 319213 SH SOLE 319213
Computer Sciences COM 205363104 258 3450 SH SOLE 3450
Cox Communications Inc COM 224044107 1965 43120 SH SOLE 43120
Disney (Walt) Co. COM 254687106 10822 278836 SH SOLE 278836
Dollar Tree Stores COM 256747106 27385 692175 SH SOLE 692175
Du Pont E.I. De Nemours and Co COM 263534109 615 13991 SH SOLE 13991
Duke Energy Corp. COM 264399106 294 5214 SH SOLE 5214
EMC Corp. COM 268648102 2077 27000 SH SOLE 27000
Elan PLC ADR COM 284131208 225 4650 SH SOLE 4650
Eli Lilly COM 532457108 421 4220 SH SOLE 4220
Enron Corp. COM 293561106 529 8200 SH SOLE 8200
Ericsson L M Tel Co Cl B ADS COM 294821400 330 16500 SH SOLE 16500
Exxon Mobil Corporation COM 30231G102 19402 247163 SH SOLE 247163
Federal Natl Mtg Assoc COM 313586109 12431 238194 SH SOLE 238194
First Data Corp. COM 319963104 17136 345307 SH SOLE 345307
Ford Motor COM 345370100 213 4943 SH SOLE 4943
Fortune Brands (formerly Amer. COM 349631101 433 18772 SH SOLE 18772
GTE Corp. COM 362320103 1309 21029 SH SOLE 21029
General Electric COM 369604103 12632 238344 SH SOLE 238344
Gillette Co COM 375766102 246 7050 SH SOLE 7050
Heilig-Meyers COM 422893107 26 21504 SH SOLE 21504
Hershey Foods COM 427866108 291 6000 SH SOLE 6000
Hewlett-Packard Company COM 428236103 408 3266 SH SOLE 3266
Home Depot COM 437076102 319 6384 SH SOLE 6384
Honeywell International Inc. COM 438516106 12428 368906 SH SOLE 368906
Intel Corporation COM 458140100 33844 253160 SH SOLE 253160
International Business Machine COM 459200101 433 3950 SH SOLE 3950
Internet Cable Corp COM 46057x102 435 60000 SH SOLE 60000
Jefferson-Pilot Corporation COM 475070108 1449 25675 SH SOLE 25675
Johnson & Johnson COM 478160104 13015 127751 SH SOLE 127751
Kimberly-Clark COM 494368103 470 8200 SH SOLE 8200
Loews Corp COM 540424108 378 6300 SH SOLE 6300
Lowe's Companies COM 548661107 19259 469023 SH SOLE 469023
Lucent Technologies COM 549463107 15634 263867 SH SOLE 263867
Manulife Financial Corp. COM 56501R106 802 45045 SH SOLE 45045
Masco Corp COM 574599106 226 12500 SH SOLE 12500
McDonald's Corp. COM 580135101 273 8300 SH SOLE 8300
Mellon Financial Corp COM 58551A108 251 6900 SH SOLE 6900
Merck & Co COM 589331107 20618 269072 SH SOLE 269072
Merrill Lynch COM 590188108 414 3600 SH SOLE 3600
Microsoft Corp COM 594918104 11327 141588 SH SOLE 141588
Minnesota Mining & Manufacturi COM 604059105 330 4000 SH SOLE 4000
Motorola, Inc COM 620076109 11552 397491 SH SOLE 397491
Nestle SA-ADR COM 641069406 301 3000 SH SOLE 3000
New York Times COM 650111107 17446 441676 SH SOLE 441676
Norfolk Southern Corporation COM 655844108 507 34062 SH SOLE 34062
Nortel Networks Corp. COM 656568102 7936 116280 SH SOLE 116280
Oracle Systems Corp COM 68389x105 51072 607547 SH SOLE 607547
Painewebber Group COM 695629105 227 4995 SH SOLE 4995
Pepsico Inc. COM 713448108 20220 455010 SH SOLE 455010
Pfizer, Inc. COM 717081103 4238 88294 SH SOLE 88294
Pharmacia Corporation (Formerl COM 71713U102 4296 83107 SH SOLE 83107
Philip Morris COM 718154107 227 8561 SH SOLE 8561
Phillips Petroleum Co COM 718507106 233 4600 SH SOLE 4600
Playtex COM 72813p100 178 15700 SH SOLE 15700
Prime Retail Inc COM 741570105 20 16000 SH SOLE 16000
Proctor & Gamble COM 742718109 435 7599 SH SOLE 7599
Providian (Formerly Capital Ho COM 74406a102 4405 48946 SH SOLE 48946
Qwest Communications Intl COM 749121109 3316 66739 SH SOLE 66739
Resource Bankshares Corp. COM 76121r104 1723 199800 SH SOLE 199800
Royal Dutch Petrol. COM 780257804 579 9400 SH SOLE 9400
SBC Communications, Inc. COM 78387g103 1297 29988 SH SOLE 29988
Schering-Plough Corporation COM 806605101 1362 26980 SH SOLE 26980
Schlumberger Ltd COM 806857108 14042 188174 SH SOLE 188174
Scripps EW Co Cl A New COM 811054204 204 4142 SH SOLE 4142
SouthTrust Corp COM 844730101 232 10250 SH SOLE 10250
Southern Co COM 842587107 232 9950 SH SOLE 9950
Standard Commercial COM 853258101 242 53143 SH SOLE 53143
Sun Microsystems COM 866810104 24159 265661 SH SOLE 265661
Tellabs, Inc. COM 879664100 25146 367430 SH SOLE 367430
Texaco Inc COM 881694103 293 5509 SH SOLE 5509
Texas Instruments COM 882508104 550 8002 SH SOLE 8002
Time Warner Inc COM 887315109 22610 297503 SH SOLE 297503
Tyco International, Ltd. 'New' COM 902124106 29105 614351 SH SOLE 614351
Unocal Corporation COM 915289102 284 8560 SH SOLE 8560
Valassis Communications COM 918866104 239 6275 SH SOLE 6275
Viacom Inc NvtgCl B COM 925524308 273 4000 SH SOLE 4000
Vodafone Airtouch PLC-SP ADR COM 92857t107 283 6840 SH SOLE 6840
Wal-Mart Stores COM 931142103 582 10102 SH SOLE 10102
WorldCom Inc. COM 98157D106 140880 3070957 SH SOLE 3070957
Baron Small Cap COM 068278308 219 12232.305SH SOLE 12232.305
Fidelity Contrafund COM 316071109 275 4767.062 SH SOLE 4767.062
Fidelity Magellan COM 316184100 611 4535.145 SH SOLE 4535.145
Fidelity Select Electronics COM 316390863 260 2245.894 SH SOLE 1123.088
Janus Overseas COM 471023846 416 11003.746SH SOLE 11003.746
Strong Funds - Growth & Income COM 862917309 229 8035.220 SH SOLE 4017.610
Strong Growth 20 Fund COM 862916608 253 7591.290 SH SOLE 3795.645
The Chesapeake - Class A COM 36559b203 213 7151.090 SH SOLE 7151.090
Torray COM 891402109 334 8258.547 SH SOLE 8258.547
Vanguard/Primecap Fund COM 921936100 204 2869.486 SH SOLE 1806.302
</TABLE>
