UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20519
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: __09/30/00__________
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______ _ 11/06/2000__
[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: ____143_____
Form 13F Information Table Value Total: $__786813___
(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 742 30000 SH SOLE 30000
Abn Amro Capital Fund II 7.125 PFD 00371t206 1127 52550 SH SOLE 52550
Armstrong World Prd. 7.45% PFD 042476606 411 20000 SH SOLE 20000
Bear Stearns Cap 7.50% 12/15/2 PFD 07383J209 681 30000 SH SOLE 30000
Bellsouth Cap Fund PFD 079857207 389 16000 SH SOLE 16000
EDF London Cap 8.625% Pfd. Ser PFD 268316205 407 16900 SH SOLE 16900
Hartford Capital II Series B Q PFD 416320208 210 8600 SH SOLE 8600
Lehman Bros Cap. Trust II 7.8 PFD 52518g209 937 40000 SH SOLE 40000
Lincoln National Capital Pfd. PFD 53417p209 870 40000 SH SOLE 40000
MediaOne Financing Pfd B PFD 583938204 292 11800 SH SOLE 11800
Motorola Capital Trust I 6.68% PFD 620074203 692 32000 SH SOLE 32000
NB Capital Trust (BAC) 7.84% PFD 628956203 4821 198280 SH SOLE 198280
Nova Chemicals Corp. 9.04% (01 PFD 66977w307 709 30000 SH SOLE 30000
PWG Capital Trust I 8.30% (12 PFD 69366e201 549 22400 SH SOLE 22400
Public Storage Pfd 8.25% PFD 74460d760 808 33475 SH SOLE 33475
Southern Co. 7.75% Pfd. A PFD 84258t208 366 15600 SH SOLE 15600
Southern Fin'l Cap Tr I PFD 842872202 1025 200000 SH SOLE 200000
TCI 8.72% pf. PFD 872285200 4301 172053 SH SOLE 172053
Talisman Energy 9% Pfd Ser 2/1 PFD 87425e400 491 20000 SH SOLE 20000
Textron Capital I 7.92% (02/09 PFD 883198202 711 30000 SH SOLE 30000
US Bancorp Pfd. 7.2% PFD 90332m200 372 17000 SH SOLE 17000
Unionbancal Finance Tr I 7.375 PFD 90905q109 669 30000 SH SOLE 30000
AFLAC Inc COM 001055102 20729 323571 SH SOLE 323571
ALLTEL Corp COM 020039103 12705 243444 SH SOLE 243444
AT&T Corp COM 001957109 678 23089 SH SOLE 23089
Abbott Laboratories COM 002824100 1869 39291 SH SOLE 39291
Aegon N. V. Ord. COM 007924103 1836 49468 SH SOLE 49468
Affiliated Managers Group COM 008252108 262 4600 SH SOLE 4600
America Online Inc COM 02364j104 699 13000 SH SOLE 13000
American Express COM 025816109 13168 216754 SH SOLE 216754
American Home Products COM 026609107 990 17497 SH SOLE 17497
American Intl Group COM 026874107 25185 263205 SH SOLE 263205
Apple Computer Inc COM 037833100 287 11150 SH SOLE 11150
Applied Materials COM 038222105 267 4500 SH SOLE 4500
BB&T Corporation COM 054937107 1843 61192 SH SOLE 61192
BP Amoco PLC-Spons ADR COM 055622104 584 11026 SH SOLE 11026
Bank of America Corp. COM 060505104 14290 272843 SH SOLE 272843
Bank of Hampton Roads COM 0624890A8 258 17181 SH SOLE 17181
BellSouth Corp COM 079860102 719 17872 SH SOLE 17872
Berkshire Hathaway Class B COM 084670207 321 155 SH SOLE 155
Bristol Myers Squibb COM 110122108 8655 151504 SH SOLE 151504
COMPAQ Computers COM 204493100 419 15200 SH SOLE 15200
CVS Corp COM 126650100 21174 457197 SH SOLE 457197
Cenit Bancorp Inc COM 15131w109 325 22025 SH SOLE 22025
Centura Banks Inc COM 15640t100 231 6037 SH SOLE 6037
Charles Schwab Corp COM 808513105 1401 39499 SH SOLE 39499
Chase Manhattan Corp COM 16161a108 500 10830 SH SOLE 10830
Chevron Corp COM 166751107 541 6342 SH SOLE 6342
Cisco Systems COM 17275r102 631 11428 SH SOLE 11428
Citigroup COM 172967101 18336 339165 SH SOLE 339165
Coca Cola Company COM 191216100 1268 22994 SH SOLE 22994
Colgate Palmolive Co COM 194162103 1042 22086 SH SOLE 22086
Computer Sciences COM 205363104 241 3250 SH SOLE 3250
Disney (Walt) Co. COM 254687106 10299 269246 SH SOLE 269246
Dollar Tree Stores COM 256747106 28326 698319 SH SOLE 698319
Du Pont E.I. De Nemours and Co COM 263534109 411 10045 SH SOLE 10045
Duke Energy Corp. COM 264399106 447 5214 SH SOLE 5214
EMC Corp. COM 268648102 2650 26730 SH SOLE 26730
Eli Lilly COM 532457108 243 3000 SH SOLE 3000
Emerson Electric Co COM 291011104 1194 17817 SH SOLE 17817
Enron Corp. COM 293561106 719 8200 SH SOLE 8200
Ericsson L M Tel Co Cl B ADS COM 294821400 237 16000 SH SOLE 16000
Exxon Mobil Corporation COM 30231G102 23071 258858 SH SOLE 258858
Federal Natl Mtg Assoc COM 313586109 17470 244333 SH SOLE 244333
First Data Corp. COM 319963104 14312 366387 SH SOLE 366387
Ford Motor COM 345370860 205 8096 SH SOLE 8096
Fortune Brands (formerly Amer. COM 349631101 497 18772 SH SOLE 18772
General Electric COM 369604103 13181 228482 SH SOLE 228482
Gillette Co COM 375766102 211 6850 SH SOLE 6850
Heilig-Meyers COM 422893107 11 21479 SH SOLE 21479
Hewlett-Packard Company COM 428236103 286 2950 SH SOLE 2950
Home Depot COM 437076102 318 5989 SH SOLE 5989
Honeywell International Inc. COM 438516106 12902 362161 SH SOLE 362161
Intel Corporation COM 458140100 18938 455663 SH SOLE 455663
International Business Machine COM 459200101 444 3950 SH SOLE 3950
Internet Cable Corp COM 46057x102 270 60000 SH SOLE 60000
Jefferson-Pilot Corporation COM 475070108 1688 24875 SH SOLE 24875
Johnson & Johnson COM 478160104 14716 156662 SH SOLE 156662
Kimberly-Clark COM 494368103 458 8200 SH SOLE 8200
Loews Corp COM 540424108 400 4800 SH SOLE 4800
Lowe's Companies COM 548661107 22166 493942 SH SOLE 493942
Lucent Technologies COM 549463107 896 29331 SH SOLE 29331
M & T Bank Corporation COM 55261F104 255 500 SH SOLE 500
Manulife Financial Corp. COM 56501R106 930 44821 SH SOLE 44821
Masco Corp COM 574599106 223 12000 SH SOLE 12000
McDonald's Corp. COM 580135101 214 7075 SH SOLE 7075
Mellon Financial Corp COM 58551A108 320 6900 SH SOLE 6900
Merck & Co COM 589331107 19879 267051 SH SOLE 267051
Merrill Lynch COM 590188108 475 7200 SH SOLE 7200
Microsoft Corp COM 594918104 13806 228905 SH SOLE 228905
Minnesota Mining & Manufacturi COM 604059105 364 4000 SH SOLE 4000
Motorola, Inc COM 620076109 11837 419007 SH SOLE 419007
National Commerce Bancorporati COM 635449101 11564 580017 SH SOLE 580017
Nestle SA-ADR COM 641069406 312 3000 SH SOLE 3000
New York Times COM 650111107 18104 460526 SH SOLE 460526
Norfolk Southern Corporation COM 655844108 493 33719 SH SOLE 33719
Nortel Networks Corp. COM 656568102 11845 198860 SH SOLE 198860
Oracle Systems Corp COM 68389x105 47601 604452 SH SOLE 604452
Painewebber Group COM 695629105 340 4995 SH SOLE 4995
Pepsico Inc. COM 713448108 20833 452891 SH SOLE 452891
Pfizer, Inc. COM 717081103 3863 85964 SH SOLE 85964
Pharmacia Corporation (Formerl COM 71713U102 13216 219578 SH SOLE 219578
Philip Morris COM 718154107 221 7511 SH SOLE 7511
Phillips Petroleum Co COM 718507106 289 4600 SH SOLE 4600
Prime Retail Inc COM 741570105 9 25000 SH SOLE 25000
Proctor & Gamble COM 742718109 457 6819 SH SOLE 6819
Providian (Formerly Capital Ho COM 74406a102 5366 42250 SH SOLE 42250
Qwest Communications Intl COM 749121109 3027 62978 SH SOLE 62978
Resource Bankshares Corp. COM 76121r104 1944 199350 SH SOLE 199350
Royal Dutch Petrol. COM 780257804 560 9350 SH SOLE 9350
SBC Communications, Inc. COM 78387g103 1640 32806 SH SOLE 32806
Schering-Plough Corporation COM 806605101 1157 24880 SH SOLE 24880
Schlumberger Ltd COM 806857108 16326 198341 SH SOLE 198341
SouthTrust Corp COM 844730101 322 10250 SH SOLE 10250
Southern Co COM 842587107 323 9950 SH SOLE 9950
Standard Commercial COM 853258101 200 43143 SH SOLE 43143
Sun Microsystems COM 866810104 31372 268713 SH SOLE 268713
Sunguard Data Systems COM 867363103 214 5000 SH SOLE 5000
Tellabs, Inc. COM 879664100 17976 376465 SH SOLE 376465
Texaco Inc COM 881694103 279 5309 SH SOLE 5309
Texas Instruments COM 882508104 383 8114 SH SOLE 8114
Tibco Software, Inc. COM 88632Q103 761 9015 SH SOLE 9015
Time Warner Inc COM 887315109 23595 301536 SH SOLE 301536
Tyco International, Ltd. 'New' COM 902124106 31711 611291 SH SOLE 611291
Unocal Corporation COM 915289102 303 8560 SH SOLE 8560
Verizon Communications COM 92343V104 13974 288493 SH SOLE 288493
Viacom Inc NvtgCl B COM 925524308 234 4000 SH SOLE 4000
Vodafone Group PLC-SP ADR COM 92857W100 245 6620 SH SOLE 6620
Wal-Mart Stores COM 931142103 428 8900 SH SOLE 8900
WorldCom Inc. COM 98157D106 93546 3079711 SH SOLE 3079711
Fidelity Contrafund COM 316071109 278 4767.062 SH SOLE 4767.062
Fidelity Magellan COM 316184100 607 4535.145 SH SOLE 4535.145
Fidelity Select Electronics COM 316390863 225 2245.894 SH SOLE 1123.088
Janus Overseas COM 471023846 288 8197.418 SH SOLE 8197.418
Strong Funds - Growth & Income COM 862917309 237 8035.220 SH SOLE 4017.610
Strong Growth 20 Fund COM 862916608 279 7591.290 SH SOLE 3795.645
The Chesapeake - Class A COM 36559b203 236 7151.090 SH SOLE 7151.090
Torray COM 891402109 381 8749.478 SH SOLE 8749.478
White Oak Growth COM 671081107 201 2515.793 SH SOLE 2515.793
Kobren Delphi Value Fund COM 499896405 204 16025.642SH SOLE 16025.642
Schwab 1000 Fund - Select SHS COM 808517809 300 7440.476 SH SOLE 7440.476
Vanguard/Morgan Growth Fund COM 921928107 233 10343.976SH SOLE 10343.976
</TABLE>
