UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F Cover Page
Report for the Calendar Year or Quarter Ended: March 31, 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: Friedman, Billings, Ramsey Investment Management Inc.
Address: 1001 19th Street North
Potomac Tower
Arlington, VA 22209
13F File Number: 28-5254
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 the 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: Nicholas J. Nichols
Title: EVP and Chief Compliance Officer
Phone: 703-312-9500
Signature, Place, and Date of Signing:
Nicholas J. Nichols Arlington, VA May 10, 1999
___________________ ____________________ _______________
Signature City, State Date
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
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 3
Form 13F Information Table Entry Total: 25,860,373
Form 13F Information Table Value Total: $1,264,103,753
List of Other Included Managers:
No: 13F File Number Name
01 Friedman Billings Ramsey & Co.
02 Friedman Billings Ramsey Investment management Inc.
03 FBR Fund Advisers, Inc.
04 FBR Venture Capital Managers, Inc.
Name of Issuer Title Cusip Value Prn Sh Put/ Inv Oth Sole
x1000 Amt Prn Call Disc Mgr
Aether Systems, Inc. com 00808V105 165884 913960 SH Sole 0 913960
Altiva Fin'l Cp Pfd pre 021497300 629 387348 SH Sole 0 387348
Altiva Fin'l Corp com 21797300 147 90681 SH Sole 0 90681
American Express com 025816109 223 1500 SH sole 0 1500
American Home Mort. com 02660M108 77 12,000 SH sole 0 12,000
Amer Tower Corp com 029912201 1358 27500 SH sole 0 27500
Amsouth Bcorp com 032165102 508 34000 SH sole 0 34000
Anthracite Capital, Icom 037023108 11271 1581846 SH sole 0 1581846
Aspect Development com 045234101 515 8000 SH Sole 0 8000
Astoria Fin'l com 046265104 1022 36000 SH sole 0 36000
Atlantic Richfield com 048825103 3698 43500 SH Sole 0 43500
Atlas Pipeline com 049392103 1965 169000 SH sole 0 169000
BNC Mortgage com 05561Y105 93 10000 SH Sole 0 10000
Banco Santander com 059646109 499 41800 SH Sole 0 41800
Bank of America com 060505104 5506 105000 SH sole 0 105000
Bank of New York com 064057102 2286 55000 SH sole 0 55000
Banc One com 06423A103 1035 30000 SH sole 0 30000
Bank Plus Corp. com 064446107 248 152750 SH Sole 0 152750
Bk Plus Cp. Sr 7/07 bd 064446AA5 189 250,000 SH sole 0 250,000
Bank United com 065412108 1815 57500 SH Sole 0 57500
BankAtlantic Bancorp com 065908501 204 51750 SH sole 0 51750
Banknorth Group Inc. com 06646L100 2306 86000 SH Sole 0 86000
Banyan Hotel Inv com 06682N101 36 77000 SH sole 0 77000
Bayview com 07262L101 150 20000 SH sole 0 20000
Berkshire Hathaway com 084670108 3718 65 SH Sole 0 65
Berkshire Hath-B com 084670207 155 85 SH sole 0 85
BindView Dvelpmnt Cp com 090327107 7570 243712 SH Sole 0 243712
BostonFed Bcorp com 101178101 806 72900 SH sole 0 72900
Brookdale living com 112462106 1409 127400 SH Sole 0 127400
Brookline Bcorp com 113739106 190 20000 SH sole 0 20000
CBS Corp com 12490K107 2039 36000 SH Sole 0 36000
C Cube Microsystems com 125015107 1092 15000 SH Sole 0 15000
CFS Bancorp com 12525D102 338 37500 SH sole 0 37500
CNY Fin'l Corp com 12613U107 544 30000 SH Sole 0 30000
Calif. Culinary A com 129905105 154 30000 SH Sole 0 30000
Camden National com 133034108 473 39858 SH sole 0 39858
Capital Automotive com 139733109 23062 1921815 SH Sole 0 1921815
CareerBuilder, Inc. com 141684100 2833 686700 SH Sole 0 686700
Catskill Fin'l com 149348104 534 47500 SH sole 0 47500
Celestial Seasonings com 151016102 258 7500 SH Sole 0 7500
Charter One Fin'l com 160903100 1176 56000 SH sole 0 56000
Chase Manhattan Bank com 16161A108 10898 125000 SH Sole 0 125000
Cisco Systems com 17275R102 294 3800 SH sole 0 3800
Citigroup com 172967101 958 16000 SH sole 0 16000
Coastal Bancorp com 19041P105 4121 251637 SH Sole 0 251637
Cohoes Bancorp com 192513109 328 33000 SH sole 0 33000
Comcast Corp cl A com 200300101 911 21000 SH Sole 0 21000
Comerica Inc. com 200340107 2680 64000 SH Sole 0 64000
Commercial Fed. Corp com 201647104 1247 75000 SH sole 0 75000
Concentric Ntwk Corp com 20589R107 1375 25000 SH Sole 0 25000
Connecticut Banc com 207540105 130 12000 SH sole 0 12000
Cordant Tech com 218412104 1018 18000 SH Sole 0 18000
Crescent Operating com 22575M100 29 10000 SH sole 0 10000
D I I Group Inc. com 232949107 2827 25000 SH Sole 0 25000
Dime Bancorp com 25429Q102 4107 222000 SH Sole 0 222000
Dover Downs Ent com 260086103 612 48000 SH sole 0 48000
Downey Fin'l com 261018105 531 25000 SH Sole 0 25000
Duff & Phelps Credit com 26432F109 947 9500 SH Sole 0 9500
EQK Realty Invest com 268820107 9 63000 SH sole 0 63000
Etec Systems com 26922C103 2324 19000 SH Sole 0 19000
Eastern Enterprises com 27637F100 1527 25500 SH Sole 0 25500
Emmis Commun com 291525103 326 7000 SH sole 0 7000
Encompass com 29255U104 984 171106 SH sole 0 171106
eSpeed Inc com 296643109 367 7000 SH sole 0 7000
Exactis.com com 300646104 594 27000 SH Sole 0 27000
FBR Asset Inv. Corp com 30241E303 1103 100300 SH sole 0 100300
Fair Isaac & Co com 303250104 583 15000 SH sole 0 15000
faroudja Inc. com 311643100 53 10000 SH Sole 0 10000
Freddie Mac com 313400301 354 8000 SH sole 0 8000
Fannie Mae com 313586109 1018 18000 SH sole 0 18000
Fin'l Security Assur com 31769P100 2130 29000 SH Sole 0 29000
First Bell Bcp com 319301107 705 42700 SH sole 0 42700
First Fed E Hrtfrd com 319944104 840 28000 SH sole 0 28000
First Fed Bancorp OH com 319988101 122 18000 SH Sole 0 18000
First Keystone com 320655103 692 75800 SH sole 0 75800
First Place Fin'l com 33610T109 750 75000 SH sole 0 75000
First Union Corp com 337358105 2868 77000 SH Sole 0 77000
Firstar Corp com 33763V109 1216 53000 SH sole 0 53000
FirstFed Fin'l Corp com 337907109 1206 91000 SH sole 0 91000
FirstFed America com 337929103 151 14400 SH sole 0 14400
Fleet Boston Fin'l com 339030108 5365 177000 SH Sole 0 177000
GTE Corp com 362320103 1775 25000 SH Sole 0 25000
Gen Cigar Holding com 36933P100 605 40000 SH Sole 0 40000
Giga Info Group com 37517M109 425 38667 SH sole 0 38667
Golden State Bancorp com 381197102 1358 90900 SH Sole 0 90900
Golden St Bncorp wts rts 381197136 18 13100 SH Sole 0 13100
Golden West Fin'l com 381317106 1029 33000 SH sole 0 33000
Hannaford Bros. com 410550107 738 10000 SH Sole 0 10000
Harris Savings Bank com 414541102 198 27500 SH Sole 0 27500
Hibernia Corp com 428656102 2741 261000 SH sole 0 261000
Hingham Inst Svgs com 433323102 1065 86900 SH sole 0 86900
IDT com 448947101 830 20000 SH sole 0 20000
ITLA Capital Corp com 450565106 5886 461670 SH sole 0 461670
Imperial Credit Ind. com 452729106 1211 269050 SH Sole 0 269050
Independence com 453414104 378 34000 SH sole 0 34000
Innsuites Hspitality com 457919108 39 17500 SH sole 0 17500
Interleaf Inc. com 458729209 1528 32500 SH Sole 0 32500
Int'l Speedway-A com 460335201 524 11650 SH sole 0 11650
Int'l Speedway-B com 460335300 1071 23800 SH sole 0 23800
Intervu Inc. com 46114R106 900 10000 SH Sole 0 10000
Iroquois Bancorp com 463347104 315 10000 SH Sole 0 10000
Jacksonville Bcorp com 469248108 965 70200 SH sole 0 70200
Jostens Inc. com 481088102 609 25000 SH Sole 0 25000
KS Bancorp com 48266R108 343 19200 SH Sole 0 19200
Keycorp com 493267108 3249 171000 SH sole 0 171000
Klamath First com 49842P103 320 30500 SH sole 0 30500
Knight Trimark Gp com 499067106 612 12000 SH sole 0 12000
LifeMinders com 53219H108 90201 1328932 SH Sole 0 1328932
Local Fin'l com 539553107 2913 340200 SH sole 0 340200
Logansport Fin'l com 541209102 494 53400 SH sole 0 53400
London Pacific com 542073101 558 24000 SH sole 0 24000
Mapquest.com com 565644101 1542 74300 SH Sole 0 74300
Markel Corp com 570535104 2022 13900 SH sole 0 13900
Mechanics Savings com 583492103 675 20000 SH Sole 0 20000
Mediaone Group com 58440J104 3038 37500 SH Sole 0 37500
Meditrust Co com 58501T306 39 21500 SH sole 0 21500
Mego Fin'l com 585162100 759 209440 SH Sole 0 209440
Mellon Bank com 58551A108 1180 40000 SH sole 0 40000
Liberty Self-Storage com 589949106 45 90000 SH sole 0 90000
Meritage Corp. com 59001A102 841 84128 SH Sole 0 84128
Merrill Lynch com 590188108 263 2500 SH sole 0 2500
Metamor Worldwide com 59133P100 566 20000 SH Sole 0 20000
Miami Computer Sply com 593261100 2485 79219 SH sole 0 79219
Micros Systems com 594901100 944 15000 SH sole 0 15000
Midwest/Boling Bk. com 598388106 184 11500 SH Sole 0 11500
Mirage Resorts com 60462E104 1114 57500 SH Sole 0 57500
Morg. Stan. Dean Wit com 617446448 693 8,500 SH sole 0 8,500
National City Corp com 635405103 619 30000 SH Sole 0 30000
Netoptix Corp. com 64116F103 1288 7500 SH Sole 0 7500
Network Access Sol. com 64120S109 76890 3495000 SH Sole 0 3495000
Newbridge Networks com 650901101 1460 45000 SH Sole 0 45000
North Central Bksh com 658418108 590 44500 SH sole 0 44500
North Fork Bancorp com 659424105 2985 167000 SH Sole 0 167000
Northrim Bank com 666764105 260 31500 SH sole 0 31500
Ortel Corp. com 68749W102 938 5000 SH Sole 0 5000
Oswego County com 688636109 86 14250 SH sole 0 14250
PFF Bancorp com 69331W104 298 19200 SH sole 0 19200
Pimco Adv Holdings com 69338P102 2280 59500 SH Sole 0 59500
PNC Bank Corp com 693475105 451 10000 SH sole 0 10000
Pacific Crest com 694166109 760 71500 SH sole 0 71500
Parkvale Fin'l com 701492100 298 18900 SH sole 0 18900
Wyndham Hotel com 703352203 47 25000 SH sole 0 25000
Peekskill Fin'l com 705385102 210 10000 SH Sole 0 10000
Penn Nat'l Gaming com 707569109 2222 200000 SH sole 0 200000
Pennfed Fin'l com 708167101 1215 86000 SH sole 0 86000
Peoples Bk/Brdgeprt com 710198102 2154 102875 SH Sole 0 102875
Peoples Heritage com 711147108 1110 74000 SH sole 0 74000
Pocahontas Bancorp com 730234101 1992 346439 SH Sole 0 346439
Precision Auto Care com 74018R105 45 34000 SH sole 0 34000
Prime Retail com 741570105 575 263060 SH Sole 0 263060
Prime Retail, Inc. prf 741570204 1039 78400 SH sole 0 78400
Prism Fin'l com 74264Q108 72 10000 SH Sole 0 10000
Providence Energy com 743743106 1555 41000 SH Sole 0 41000
Provident Fincl Hlgs com 743868101 183 13000 SH sole 0 13000
Pulaski Furnature com 745553107 327 15000 SH Sole 0 15000
Quaker City Bcp com 74731K106 956 68300 SH sole 0 68300
R&G Fin'l com 749136107 749 83210 SH Sole 0 83210
Radio One com 75040P108 333 5000 SH sole 0 5000
CoStar Group com 75612B107 738 20000 SH sole 0 20000
Resource America com 761195205 5944 819830 SH sole 0 819830
Resource Asset InvCo com 761196104 3704 344575 SH sole 0 344575
SLM Holding Corp com 78442A109 1233 37000 SH sole 0 37000
Saga Systems com 786610105 265 7400 SH sole 0 7400
St. Laurent Paperbd com 790907109 1654 84000 SH Sole 0 84000
Schwab,Charles com 808513105 625 11000 SH sole 0 11000
Seacoast Fin'l svcs com 81170Q106 675 68380 SH sole 0 68380
South Jersey Fin'l com 838493104 331 17500 SH Sole 0 17500
Spanish Broadcast com 846425882 235 10000 SH sole 0 10000
Splitrock Svcs. com 848636304 1456 32100 SH Sole 0 32100
Symmetricom Inc. com 871543104 3010 285000 SH Sole 0 285000
TIS Mort Inv com 872527106 16 25000 SH sole 0 25000
TSI Inc. com 872876107 148 10000 SH Sole 0 10000
Texarkana First Fin com 881801104 296 19600 SH sole 0 19600
Thermo Bioanalysis com 88355H108 933 33700 SH Sole 0 33700
II VI Inc. com 902104108 1520 40000 SH sole 0 40000
US Bancorp com 902973106 1444 66000 SH Sole 0 66000
US Foodservice com 90331R101 1094 42500 SH Sole 0 42500
Union Carbide com 905581104 1674 28700 SH Sole 0 28700
Union Planters com 908068109 2465 80000 SH Sole 0 80000
United Dominion com 910197102 20 2000 SH sole 0 2000
US Home Corp. com 911920106 760 20000 SH Sole 0 20000
US West com 91273H101 3087 42500 SH Sole 0 42500
VarsityBooks.com com 922300108 3906 992063 SH Sole 0 992063
Ventas Inc com 92276F100 40 12000 SH sole 0 12000
Vision Ten Inc. com 92831F306 0 1000 SH sole 0 1000
Washington Fed com 938824109 972 51000 SH sole 0 51000
Wash Mutual Inc com 939322103 3339 126000 SH sole 0 126000
WebMethods, Inc. com 94768C108 663014 2746822 SH Sole 0 2746822
Wells Fargo com 949746101 3973 97500 SH Sole 0 97500
Woronoco Savings com 981630106 602 62500 SH sole 0 62500
Yonkers Fin'l com 986073104 194 13500 SH sole 0 13500
Zions Bancorp com 989701107 479 11500 SH sole 0 11500
