<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: Q2 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: Roberts, Glore, & Co.
Address: 150 S. Wacker Drive #250
Chicago, IL 60606
Form 13F File Number: 28-5698
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: Jim L. Calaway
Title: Vice President
Phone: (312) 977-1630
Signature, Place, and Date of Signing:
Jim L. Calaway Chicago, IL 8/6/99
[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).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28-_____________ NONE
[Repeat as necessary.]
<PAGE> 2
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
------------------
Form 13F Information Table Entry Total: 138
------------------
Form 13F Information Table Value Total: $ 185,127
------------------
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) 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.
(If there are no entries in this list, state "NONE" and omit the column
headings and list entries.)
No. Form 13F File Number Name
28- None
------ ---------------- ---------------------
[Repeat as necessary.]
<PAGE> 3
Page 1 of 14 FORM 13F NAME OF REPORTING MANAGER ROBERTS, GLORE & CO., INC.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Investment Discretion
----------------------------------------------
Item 2: Item 3: Item 4: Item 5: (b) Shared-As
Item 1: Title CUSIP Fair Market Shares or Defined in
Name of Issuer of Class Number Value Principal Amount (a) Sole Instr. V (c) Shared-Other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>> <C> <C>
A F L A C cs 001055102 2,831,000 59,127 X
- -----------------------------------------------------------------------------------------------------------------------------------
A T & T cs 001957109 592,000 10,607 X
- -----------------------------------------------------------------------------------------------------------------------------------
Abbott Labs cs 002824100 9,792,000 215,808 X
- -----------------------------------------------------------------------------------------------------------------------------------
Albertsons cs 013104104 402,000 7,800 X
- -----------------------------------------------------------------------------------------------------------------------------------
Alliance Capital Mgmt LP cs 018548107 1,522,000 47,104 X
- -----------------------------------------------------------------------------------------------------------------------------------
American Home Products cs 026609107 998,000 17,390 X
- -----------------------------------------------------------------------------------------------------------------------------------
American Int'l Group cs 026874107 6,327,000 53,961 X
- -----------------------------------------------------------------------------------------------------------------------------------
America Online cs 02364J104 477,000 4,335 X
- -----------------------------------------------------------------------------------------------------------------------------------
Ameritech cs 030954101 1,100,000 14,966 X
- -----------------------------------------------------------------------------------------------------------------------------------
Amgen cs 031162100 5,005,000 82,210 X
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 29,046,000
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------------------------------------
Item 8:
Voting Authority
Item 7: (Shares)
Item 1: Managers ---------------------------------------------
Name of Issuer See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------------------
<S> <C> <C>> <C> <C>
A F L A C 500 58,627
- ----------------------------------------------------------------------------------------------
A T & T 10,607
- ----------------------------------------------------------------------------------------------
Abbott Labs 2,400 213,408
- ----------------------------------------------------------------------------------------------
Albertsons 7,800
- ----------------------------------------------------------------------------------------------
Alliance Capital Mgmt LP 47,104
- ----------------------------------------------------------------------------------------------
American Home Products 17,390
- ----------------------------------------------------------------------------------------------
American Int'l Group 53,961
- ----------------------------------------------------------------------------------------------
America Online 4,335
- ----------------------------------------------------------------------------------------------
Ameritech 14,966
- ----------------------------------------------------------------------------------------------
Amgen 600 81,610
- ----------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 4
Page 2 of 14 FORM 13F NAME OF REPORTING MANAGER ROBERTS, GLORE & CO., INC.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Investment Discretion
----------------------------------------------
Item 2: Item 3: Item 4: Item 5: (b) Shared-As
Item 1: Title CUSIP Fair Market Shares or Defined in
Name of Issuer of Class Number Value Principal Amount (a) Sole Instr. V (c) Shared-Other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>> <C> <C>
Apache Corp. cs 037411105 675,000 17,318 X
- -----------------------------------------------------------------------------------------------------------------------------------
Applied Power Cl. A cs 038225108 889,000 32,541 X
- -----------------------------------------------------------------------------------------------------------------------------------
Archer Daniels Midland cs 039483102 310,000 20,103 X
- -----------------------------------------------------------------------------------------------------------------------------------
Bank of New York, Inc. cs 064057102 858,000 23,400 X
- -----------------------------------------------------------------------------------------------------------------------------------
BankAmerica Corp. cs 06605F102 1,860,000 25,370 X
- -----------------------------------------------------------------------------------------------------------------------------------
Bell Atlantic Corp. cs 077853109 794,000 12,144 X
- -----------------------------------------------------------------------------------------------------------------------------------
BellSouth Corp. cs 079860102 582,000 12,616 X
- -----------------------------------------------------------------------------------------------------------------------------------
Berkshire Hathaway cs 084670108 896,000 13 X
- -----------------------------------------------------------------------------------------------------------------------------------
Berkshire Hathaway cs 084670207 3,024,000 1,350 X
- -----------------------------------------------------------------------------------------------------------------------------------
Biomet cs 090613100 824,000 20,731 X
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 10,712,000
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------------------------------------
Item 8:
Voting Authority
Item 7: (Shares)
Item 1: Managers ---------------------------------------------
Name of Issuer See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------------------
<S> <C> <C>> <C> <C>
Apache Corp. 1,100 16,218
- ----------------------------------------------------------------------------------------------
Applied Power Cl. A 1,600 30,941
- ----------------------------------------------------------------------------------------------
Archer Daniels Midland 20,103
- ----------------------------------------------------------------------------------------------
Bank of New York, Inc. 23,400
- ----------------------------------------------------------------------------------------------
BankAmerica Corp. 25,370
- ----------------------------------------------------------------------------------------------
Bell Atlantic Corp. 12,144
- ----------------------------------------------------------------------------------------------
BellSouth Corp. 12,616
- ----------------------------------------------------------------------------------------------
Berkshire Hathaway 13
- ----------------------------------------------------------------------------------------------
Berkshire Hathaway 1,350
- ----------------------------------------------------------------------------------------------
Biomet 750 19,981
- ----------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 5
Page 3 of 14 FORM 13F NAME OF REPORTING MANAGER ROBERTS, GLORE & CO., INC.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Investment Discretion
----------------------------------------------
Item 2: Item 3: Item 4: Item 5: (b) Shared-As
Item 1: Title CUSIP Fair Market Shares or Defined in
Name of Issuer of Class Number Value Principal Amount (a) Sole Instr. V (c) Shared-Other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>> <C> <C>
Black Box Corp. cs 091826107 238,000 4,750 X
- -----------------------------------------------------------------------------------------------------------------------------------
Bristol Myers Squibb cs 110122108 1,761,000 25,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
Campbell Soup cs 134429109 215,000 4,630 X
- -----------------------------------------------------------------------------------------------------------------------------------
Cardinal Health cs 14149Y108 679,000 10,583 X
- -----------------------------------------------------------------------------------------------------------------------------------
Centerpoint Properties cs 151895109 201,000 5,500 X
- -----------------------------------------------------------------------------------------------------------------------------------
Charter One Financial cs 160903100 779,000 28,022 X
- -----------------------------------------------------------------------------------------------------------------------------------
Chevron cs 166751107 570,000 6,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
Choicepoint Inc. cs 170388102 928,000 13,826 X
- -----------------------------------------------------------------------------------------------------------------------------------
Cisco Systems cs 17275R102 1,992,000 30,914 X
- -----------------------------------------------------------------------------------------------------------------------------------
Citigroup cs 172967101 1,799,000 37,875 X
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 9,162,000
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------------------------------------
Item 8:
Voting Authority
Item 7: (Shares)
Item 1: Managers ---------------------------------------------
Name of Issuer See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------------------
<S> <C> <C>> <C> <C>
Black Box Corp. 4,750
- ----------------------------------------------------------------------------------------------
Bristol Myers Squibb 25,000
- ----------------------------------------------------------------------------------------------
Campbell Soup 4,630
- ----------------------------------------------------------------------------------------------
Cardinal Health 10,583
- ----------------------------------------------------------------------------------------------
Centerpoint Properties 5,500
- ----------------------------------------------------------------------------------------------
Charter One Financial 526 27,496
- ----------------------------------------------------------------------------------------------
Chevron 6,000
- ----------------------------------------------------------------------------------------------
Choicepoint Inc. 13,826
- ----------------------------------------------------------------------------------------------
Cisco Systems 30,914
- ----------------------------------------------------------------------------------------------
Citigroup 37,875
- ----------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 6
Page 4 of 14 FORM 13F NAME OF REPORTING MANAGER ROBERTS, GLORE & CO., INC.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Investment Discretion
----------------------------------------------
Item 2: Item 3: Item 4: Item 5: (b) Shared-As
Item 1: Title CUSIP Fair Market Shares or Defined in
Name of Issuer of Class Number Value Principal Amount (a) Sole Instr. V (c) Shared-Other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>> <C> <C>
Coca-Cola cs 191216100 1,603,000 25,852 X
- -----------------------------------------------------------------------------------------------------------------------------------
Colgate-Palmolive Inc. cs 194162103 579,000 5,875 X
- -----------------------------------------------------------------------------------------------------------------------------------
Compaq Computer Co. cs 204493100 950,000 40,084 X
- -----------------------------------------------------------------------------------------------------------------------------------
ConAgra cs 205887102 300,000 11,250 X
- -----------------------------------------------------------------------------------------------------------------------------------
Dallas Semiconductor cs 235204104 256,000 5,050 X
- -----------------------------------------------------------------------------------------------------------------------------------
Donaldson, Lufkin, Jenre cs 257661108 211,000 3,500 X
- -----------------------------------------------------------------------------------------------------------------------------------
EMC Corp. cs 268648102 344,000 6,250 X
- -----------------------------------------------------------------------------------------------------------------------------------
Eaton Corp. cs 278058102 414,000 4,500 X
- -----------------------------------------------------------------------------------------------------------------------------------
Equifax cs 294429105 1,838,000 51,507 X
- -----------------------------------------------------------------------------------------------------------------------------------
Equitable Resources cs 294549100 382,000 10,125 X
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 6,877,000
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------------------------------------
Item 8:
Voting Authority
Item 7: (Shares)
Item 1: Managers ---------------------------------------------
Name of Issuer See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------------------
<S> <C> <C>> <C> <C>
Coca-Cola 25,852
- ----------------------------------------------------------------------------------------------
Colgate-Palmolive Inc. 5,875
- ----------------------------------------------------------------------------------------------
Compaq Computer Co. 40,084
- ----------------------------------------------------------------------------------------------
ConAgra 11,250
- ----------------------------------------------------------------------------------------------
Dallas Semiconductor 5,050
- ----------------------------------------------------------------------------------------------
Donaldson, Lufkin, Jenre 3,500
- ----------------------------------------------------------------------------------------------
EMC Corp. 6,250
- ----------------------------------------------------------------------------------------------
Eaton Corp. 4,500
- ----------------------------------------------------------------------------------------------
Equifax 51,507
- ----------------------------------------------------------------------------------------------
Equitable Resources 10,125
- ----------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 7
Page 5 of 14 FORM 13F NAME OF REPORTING MANAGER ROBERTS, GLORE & CO., INC.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Investment Discretion
----------------------------------------------
Item 2: Item 3: Item 4: Item 5: (b) Shared-As
Item 1: Title CUSIP Fair Market Shares or Defined in
Name of Issuer of Class Number Value Principal Amount (a) Sole Instr. V (c) Shared-Other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>> <C> <C>
Ericcson L M Tel. Co. cs 294821400 201,000 6,116 X
- -----------------------------------------------------------------------------------------------------------------------------------
Expeditors International cs 302130109 1,136,000 41,700 X
- -----------------------------------------------------------------------------------------------------------------------------------
Exxon Corp. cs 302290101 1,995,000 25,870 X
- -----------------------------------------------------------------------------------------------------------------------------------
Fannie Mae cs 313586109 1,383,000 20,271 X
- -----------------------------------------------------------------------------------------------------------------------------------
Ferro Corp. cs 315405100 223,000 8,100 X
- -----------------------------------------------------------------------------------------------------------------------------------
Fifth Third Bancorp cs 316773100 303,000 4,555 X
- -----------------------------------------------------------------------------------------------------------------------------------
First Data Corp. cs 319963104 578,000 11,810 X
- -----------------------------------------------------------------------------------------------------------------------------------
First Tennessee Natl Corp cs 337162101 354,000 9,250 X
- -----------------------------------------------------------------------------------------------------------------------------------
Firstar Corp. cs 33763v109 1,324,000 47,275 X
- -----------------------------------------------------------------------------------------------------------------------------------
Florida Progress Corp. cs 341109106 372,000 9,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 7,869,000
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------------------------------------
Item 8:
Voting Authority
Item 7: (Shares)
Item 1: Managers ---------------------------------------------
Name of Issuer See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------------------
<S> <C> <C>> <C> <C>
Ericcson L M Tel. Co. 6,116
- ----------------------------------------------------------------------------------------------
Expeditors International 1,200 40,500
- ----------------------------------------------------------------------------------------------
Exxon Corp. 25,870
- ----------------------------------------------------------------------------------------------
Fannie Mae 20,271
- ----------------------------------------------------------------------------------------------
Ferro Corp. 8,100
- ----------------------------------------------------------------------------------------------
Fifth Third Bancorp 4,555
- ----------------------------------------------------------------------------------------------
First Data Corp. 11,810
- ----------------------------------------------------------------------------------------------
First Tennessee Natl Corp 9,250
- ----------------------------------------------------------------------------------------------
Firstar Corp. 150 47,125
- ----------------------------------------------------------------------------------------------
Florida Progress Corp. 9,000
- ----------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 8
Page 6 of 14 FORM 13F NAME OF REPORTING MANAGER ROBERTS, GLORE & CO., INC.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Investment Discretion
----------------------------------------------
Item 2: Item 3: Item 4: Item 5: (b) Shared-As
Item 1: Title CUSIP Fair Market Shares or Defined in
Name of Issuer of Class Number Value Principal Amount (a) Sole Instr. V (c) Shared-Other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>> <C> <C>
Franklin Resources cs 354613101 1,321,000 32,519 X
- -----------------------------------------------------------------------------------------------------------------------------------
GTE Corp. cs 362320103 288,000 3,810 X
- -----------------------------------------------------------------------------------------------------------------------------------
General Electric cs 369604103 4,624,000 40,917 X
- -----------------------------------------------------------------------------------------------------------------------------------
Gillette Corp. cs 375766102 721,000 17,588 X
- -----------------------------------------------------------------------------------------------------------------------------------
Harte-Hanks, Inc cs 416196103 442,000 16,300 X
- -----------------------------------------------------------------------------------------------------------------------------------
Hewlett-Packard Corp. cs 428236103 3,336,000 33,196 X
- -----------------------------------------------------------------------------------------------------------------------------------
Illinois Tool Works cs 452308109 4,641,000 56,771 X
- -----------------------------------------------------------------------------------------------------------------------------------
Intel Corp. cs 458140100 4,863,000 81,734 X
- -----------------------------------------------------------------------------------------------------------------------------------
Investment Tech. Group cs 46145F105 480,000 14,953 X
- -----------------------------------------------------------------------------------------------------------------------------------
Johnson & Johnson cs 478160104 6,791,000 69,293 X
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 27,507,000
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------------------------------------
Item 8:
Voting Authority
Item 7: (Shares)
Item 1: Managers ---------------------------------------------
Name of Issuer See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------------------
<S> <C> <C>> <C> <C>
Franklin Resources 374 32,145
- ----------------------------------------------------------------------------------------------
GTE Corp. 3,810
- ----------------------------------------------------------------------------------------------
General Electric 40,917
- ----------------------------------------------------------------------------------------------
Gillette Corp. 3,008 14,580
- ----------------------------------------------------------------------------------------------
Harte-Hanks, Inc 16,300
- ----------------------------------------------------------------------------------------------
Hewlett-Packard Corp. 400 32,796
- ----------------------------------------------------------------------------------------------
Illinois Tool Works 600 56,171
- ----------------------------------------------------------------------------------------------
Intel Corp. 1,750 79,984
- ----------------------------------------------------------------------------------------------
Investment Tech. Group 14,953
- ----------------------------------------------------------------------------------------------
Johnson & Johnson 500 68,793
- ----------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 9
Page 7 of 14 FORM 13F NAME OF REPORTING MANAGER ROBERTS, GLORE & CO., INC.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Investment Discretion
----------------------------------------------
Item 2: Item 3: Item 4: Item 5: (b) Shared-As
Item 1: Title CUSIP Fair Market Shares or Defined in
Name of Issuer of Class Number Value Principal Amount (a) Sole Instr. V (c) Shared-Other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>> <C> <C>
Jones Lang LaSalle cs 48020q107 206,000 6,900 X
- -----------------------------------------------------------------------------------------------------------------------------------
Laclede Gas Co. cs 505588103 372,000 16,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
Lancaster Colony cs 513847103 303,000 8,792 X
- -----------------------------------------------------------------------------------------------------------------------------------
Landauer, Inc. cs 51476k103 438,000 14,845 X
- -----------------------------------------------------------------------------------------------------------------------------------
Leggett & Platt, Inc. cs 524660107 626,000 22,500 X
- -----------------------------------------------------------------------------------------------------------------------------------
LG&E Energy Corp. cs 501917108 281,000 13,360 X
- -----------------------------------------------------------------------------------------------------------------------------------
Lockheed Martin cs 539830109 334,000 8,972 X
- -----------------------------------------------------------------------------------------------------------------------------------
Loral Space and Comm. cs G56462107 503,000 27,950 X
- -----------------------------------------------------------------------------------------------------------------------------------
Lucent Technologies cs 549463107 527,000 7,808 X
- -----------------------------------------------------------------------------------------------------------------------------------
M & T Bank Corp. cs 55261F104 8,940,000 16,255 X
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 12,530,000
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------------------------------------
Item 8:
Voting Authority
Item 7: (Shares)
Item 1: Managers ---------------------------------------------
Name of Issuer See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------------------
<S> <C> <C>> <C> <C>
Jones Lang LaSalle 1,300 5,600
- ----------------------------------------------------------------------------------------------
Laclede Gas Co. 16,000
- ----------------------------------------------------------------------------------------------
Lancaster Colony 450 8,342
- ----------------------------------------------------------------------------------------------
Landauer, Inc. 200 14,645
- ----------------------------------------------------------------------------------------------
Leggett & Platt, Inc. 700 21,800
- ----------------------------------------------------------------------------------------------
LG&E Energy Corp. 13,360
- ----------------------------------------------------------------------------------------------
Lockheed Martin 8,972
- ----------------------------------------------------------------------------------------------
Loral Space and Comm. 950 27,000
- ----------------------------------------------------------------------------------------------
Lucent Technologies 7,808
- ----------------------------------------------------------------------------------------------
M & T Bank Corp. 300 15,955
- ----------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 10
Page 8 of 14 FORM 13F NAME OF REPORTING MANAGER ROBERTS, GLORE & CO., INC.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Investment Discretion
----------------------------------------------
Item 2: Item 3: Item 4: Item 5: (b) Shared-As
Item 1: Title CUSIP Fair Market Shares or Defined in
Name of Issuer of Class Number Value Principal Amount (a) Sole Instr. V (c) Shared-Other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>> <C> <C>
M B N A Corp. cs 55262L100 4,220,000 137,803 X
- -----------------------------------------------------------------------------------------------------------------------------------
Markel Corp. cs 570535104 588,000 3,143 X
- -----------------------------------------------------------------------------------------------------------------------------------
May Dept. Stores cs 577778103 368,000 9,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
Maytag cs 578592107 310,000 4,435 X
- -----------------------------------------------------------------------------------------------------------------------------------
McDonalds cs 580135101 255,000 6,200 X
- -----------------------------------------------------------------------------------------------------------------------------------
MDU Resources Group cs 552690109 308,000 13,500 X
- -----------------------------------------------------------------------------------------------------------------------------------
Medtronic cs 585055106 947,000 12,160 X
- -----------------------------------------------------------------------------------------------------------------------------------
Mellon Bank Corp. cs 585509102 335,000 9,200 X
- -----------------------------------------------------------------------------------------------------------------------------------
Merck & Co. cs 589331107 3,979,000 54,042 X
- -----------------------------------------------------------------------------------------------------------------------------------
Micros Systems, Inc. cs 594901100 704,000 20,700 X
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 12,014,000
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------------------------------------
Item 8:
Voting Authority
Item 7: (Shares)
Item 1: Managers ---------------------------------------------
Name of Issuer See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------------------
<S> <C> <C>> <C> <C>
M B N A Corp. 137,803
- ----------------------------------------------------------------------------------------------
Markel Corp. 3,143
- ----------------------------------------------------------------------------------------------
May Dept. Stores 9,000
- ----------------------------------------------------------------------------------------------
Maytag 4,435
- ----------------------------------------------------------------------------------------------
McDonalds 6,200
- ----------------------------------------------------------------------------------------------
MDU Resources Group 13,500
- ----------------------------------------------------------------------------------------------
Medtronic 12,160
- ----------------------------------------------------------------------------------------------
Mellon Bank Corp. 9,200
- ----------------------------------------------------------------------------------------------
Merck & Co. 100 53,942
- ----------------------------------------------------------------------------------------------
Micros Systems, Inc. 900 19,800
- ----------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 11
Page 9 of 14 FORM 13F NAME OF REPORTING MANAGER ROBERTS, GLORE & CO., INC.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Investment Discretion
----------------------------------------------
Item 2: Item 3: Item 4: Item 5: (b) Shared-As
Item 1: Title CUSIP Fair Market Shares or Defined in
Name of Issuer of Class Number Value Principal Amount (a) Sole Instr. V (c) Shared-Other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>> <C> <C>
Microsoft Corp. cs 594918104 12,585,000 139,540 X
- -----------------------------------------------------------------------------------------------------------------------------------
MidCity Financial Corp. cs 59563R105 200,000 50 X
- -----------------------------------------------------------------------------------------------------------------------------------
Mississippi Val. Banc. cs 605720101 1,034,000 31,200 X
- -----------------------------------------------------------------------------------------------------------------------------------
Mobil Corp. cs 607059102 718,000 7,266 X
- -----------------------------------------------------------------------------------------------------------------------------------
J.P. Morgan & Co. cs 616880100 337,000 2,400 X
- -----------------------------------------------------------------------------------------------------------------------------------
Mutual Risk Mgmt. Ltd. cs 628351108 1,415,000 42,140 X
- -----------------------------------------------------------------------------------------------------------------------------------
National Fuel Gas Co. cs 636180101 534,000 11,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
New Era of Networks cs 644312100 308,000 7,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
Newell Rubbermaid Inc cs 651192106 3,775,000 81,400 X
- -----------------------------------------------------------------------------------------------------------------------------------
Norfolk Southern Corp. cs 655844108 206,000 6,840 X
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 21,112,000
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------------------------------------
Item 8:
Voting Authority
Item 7: (Shares)
Item 1: Managers ---------------------------------------------
Name of Issuer See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------------------
<S> <C> <C>> <C> <C>
Microsoft Corp. 139,540
- ----------------------------------------------------------------------------------------------
MidCity Financial Corp. 50
- ----------------------------------------------------------------------------------------------
Mississippi Val. Banc. 31,200
- ----------------------------------------------------------------------------------------------
Mobil Corp. 7,266
- ----------------------------------------------------------------------------------------------
J.P. Morgan & Co. 2,400
- ----------------------------------------------------------------------------------------------
Mutual Risk Mgmt. Ltd. 400 41,740
- ----------------------------------------------------------------------------------------------
National Fuel Gas Co. 11,000
- ----------------------------------------------------------------------------------------------
New Era of Networks 7,000
- ----------------------------------------------------------------------------------------------
Newell Rubbermaid Inc 81,400
- ----------------------------------------------------------------------------------------------
Norfolk Southern Corp. 6,840
- ----------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 12
Page 10 of 14 FORM 13F NAME OF REPORTING MANAGER ROBERTS, GLORE & CO., INC.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Investment Discretion
----------------------------------------------
Item 2: Item 3: Item 4: Item 5: (b) Shared-As
Item 1: Title CUSIP Fair Market Shares or Defined in
Name of Issuer of Class Number Value Principal Amount (a) Sole Instr. V (c) Shared-Other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>> <C> <C>
N. Carolina Natural Gas cs 658221106 278,000 8,150 X
- -----------------------------------------------------------------------------------------------------------------------------------
North Fork Bancorp cs 659424105 273,000 12,750 X
- -----------------------------------------------------------------------------------------------------------------------------------
Northern States Fin'l Corp. cs 665751103 467,000 19,750 X
- -----------------------------------------------------------------------------------------------------------------------------------
Northern Trust Corp. cs 665859104 3,931,000 40,522 X
- -----------------------------------------------------------------------------------------------------------------------------------
Northrop Grumman Corp. cs 666807102 206,000 3,114 X
- -----------------------------------------------------------------------------------------------------------------------------------
Oracle Corp. cs 68389X105 519,000 13,987 X
- -----------------------------------------------------------------------------------------------------------------------------------
Paychex cs 704326107 433,000 13,581 X
- -----------------------------------------------------------------------------------------------------------------------------------
Pepsico Inc. cs 713448108 694,000 17,930 X
- -----------------------------------------------------------------------------------------------------------------------------------
Pfizer Inc. cs 717081103 1,088,000 9,983 X
- -----------------------------------------------------------------------------------------------------------------------------------
Phillips Petroleum cs 718507106 307,000 6,100 X
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 8,196,000
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------------------------------------
Item 8:
Voting Authority
Item 7: (Shares)
Item 1: Managers ---------------------------------------------
Name of Issuer See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------------------
<S> <C> <C>> <C> <C>
N. Carolina Natural Gas 8,150
- ----------------------------------------------------------------------------------------------
North Fork Bancorp 12,750
- ----------------------------------------------------------------------------------------------
Northern States Fin'l Corp. 19,750
- ----------------------------------------------------------------------------------------------
Northern Trust Corp. 40,522
- ----------------------------------------------------------------------------------------------
Northrop Grumman Corp. 3,114
- ----------------------------------------------------------------------------------------------
Oracle Corp. 13,987
- ----------------------------------------------------------------------------------------------
Paychex 13,581
- ----------------------------------------------------------------------------------------------
Pepsico Inc. 1,200 16,730
- ----------------------------------------------------------------------------------------------
Pfizer Inc. 9,983
- ----------------------------------------------------------------------------------------------
Phillips Petroleum 6,100
- ----------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 13
Page 11 of 14 FORM 13F NAME OF REPORTING MANAGER ROBERTS, GLORE & CO., INC.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Investment Discretion
----------------------------------------------
Item 2: Item 3: Item 4: Item 5: (b) Shared-As
Item 1: Title CUSIP Fair Market Shares or Defined in
Name of Issuer of Class Number Value Principal Amount (a) Sole Instr. V (c) Shared-Other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>> <C> <C>
Piedmont Natural Gas cs 720186105 504,000 16,200 X
- -----------------------------------------------------------------------------------------------------------------------------------
Popular Inc. cs 733174106 227,000 75,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
Price T. Rowe Assoc Inc. cs 741477103 580,000 15,125 X
- -----------------------------------------------------------------------------------------------------------------------------------
Proctor & Gamble cs 74271819 235,000 2,635 X
- -----------------------------------------------------------------------------------------------------------------------------------
Raymond James Finl. cs 754730109 272,000 11,350 X
- -----------------------------------------------------------------------------------------------------------------------------------
Reynolds & Reynolds cs 761695105 247,000 10,612 X
- -----------------------------------------------------------------------------------------------------------------------------------
Rockwell International cs 773903109 243,000 4,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
SBC Communications cs 78387G103 1,060,000 18,277 X
- -----------------------------------------------------------------------------------------------------------------------------------
S P S Technologies cs 784626103 353,000 9,400 X
- -----------------------------------------------------------------------------------------------------------------------------------
Safeway Stores cs 786514208 1,614,000 32,600 X
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 5,335,000
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------------------------------------
Item 8:
Voting Authority
Item 7: (Shares)
Item 1: Managers ---------------------------------------------
Name of Issuer See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------------------
<S> <C> <C>> <C> <C>
Piedmont Natural Gas 16,200
- ----------------------------------------------------------------------------------------------
Popular Inc. 75,000
- ----------------------------------------------------------------------------------------------
Price T. Rowe Assoc Inc 15,125
- ----------------------------------------------------------------------------------------------
Proctor & Gamble 600 2,035
- ----------------------------------------------------------------------------------------------
Raymond James Finl. 11,350
- ----------------------------------------------------------------------------------------------
Reynolds & Reynolds 1,150 9,462
- ----------------------------------------------------------------------------------------------
Rockwell International 1,900 2,100
- ----------------------------------------------------------------------------------------------
SBC Communications 18,277
- ----------------------------------------------------------------------------------------------
S P S Technologies 500 8,900
- ----------------------------------------------------------------------------------------------
Safeway Stores 32,600
- ----------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 14
Page 12 of 14 FORM 13F NAME OF REPORTING MANAGER ROBERTS, GLORE & CO., INC.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Investment Discretion
----------------------------------------------
Item 2: Item 3: Item 4: Item 5: (b) Shared-As
Item 1: Title CUSIP Fair Market Shares or Defined in
Name of Issuer of Class Number Value Principal Amount (a) Sole Instr. V (c) Shared-Other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>> <C> <C>
Schering Plough cs 806605101 4,402,000 83,851 X
- -----------------------------------------------------------------------------------------------------------------------------------
SouthTrust Corp. cs 844730101 1,713,000 44,648 X
- -----------------------------------------------------------------------------------------------------------------------------------
Sovereign Bancorp cs 845905108 366,296 30,210 X
- -----------------------------------------------------------------------------------------------------------------------------------
Sprint Corp. cs 852061100 498,000 9,400 X
- -----------------------------------------------------------------------------------------------------------------------------------
State St. Boston Corp. cs 857473102 4,545,000 53,234 X
- -----------------------------------------------------------------------------------------------------------------------------------
Storage USA cs 861907103 278,000 8,675 X
- -----------------------------------------------------------------------------------------------------------------------------------
Stryker Corp. cs 863667101 2,253,000 37,480 X
- -----------------------------------------------------------------------------------------------------------------------------------
Sun Microsystems cs 866810104 393,000 57,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
T E C O Energy cs 872375100 273,000 12,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
Tellabs, Inc. cs 879664100 203,000 3,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 14,924,000
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------------------------------------
Item 8:
Voting Authority
Item 7: (Shares)
Item 1: Managers ---------------------------------------------
Name of Issuer See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------------------
<S> <C> <C>> <C> <C>
Schering Plough 400 83,451
- ----------------------------------------------------------------------------------------------
SouthTrust Corp. 225 44,423
- ----------------------------------------------------------------------------------------------
Sovereign Bancorp 1,200 29,010
- ----------------------------------------------------------------------------------------------
Sprint Corp. 9,400
- ----------------------------------------------------------------------------------------------
State St. Boston Corp. 53,234
- ----------------------------------------------------------------------------------------------
Storage USA 700 7,975
- ----------------------------------------------------------------------------------------------
Stryker Corp. 100 37,380
- ----------------------------------------------------------------------------------------------
Sun Microsystems 57,000
- ----------------------------------------------------------------------------------------------
T E C O Energy 12,000
- ----------------------------------------------------------------------------------------------
Tellabs, Inc. 3,000
- ----------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 15
Page 13 of 14 FORM 13F NAME OF REPORTING MANAGER ROBERTS, GLORE & CO., INC.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Investment Discretion
----------------------------------------------
Item 2: Item 3: Item 4: Item 5: (b) Shared-As
Item 1: Title CUSIP Fair Market Shares or Defined in
Name of Issuer of Class Number Value Principal Amount (a) Sole Instr. V (c) Shared-Other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>> <C> <C>
Texaco Inc. cs 881694103 260,000 4,170 X
- -----------------------------------------------------------------------------------------------------------------------------------
Time Warner cs 887315109 1,441,000 19,837 X
- -----------------------------------------------------------------------------------------------------------------------------------
Tootsie Roll cs 890516107 1,513,000 39,159 X
- -----------------------------------------------------------------------------------------------------------------------------------
Transamerica Corp. cs 893485102 300,000 4,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
Tribune Co. cs 896047107 392,000 4,500 X
- -----------------------------------------------------------------------------------------------------------------------------------
TrustCo Bank cs 898349105 2,361,000 87,859 X
- -----------------------------------------------------------------------------------------------------------------------------------
U.S. West Inc. cs 91273H101 316,000 5,385 X
- -----------------------------------------------------------------------------------------------------------------------------------
Union Pacific Corp. cs 907818108 296,000 5,080 X
- -----------------------------------------------------------------------------------------------------------------------------------
United Technologies cs 913017109 339,000 4,712 X
- -----------------------------------------------------------------------------------------------------------------------------------
United Water Resources cs 913190104 447,000 19,687 X
- -----------------------------------------------------------------------------------------------------------------------------------
Column totals 7,665,000
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------------------------------------
Item 8:
Voting Authority
Item 7: (Shares)
Item 1: Managers ---------------------------------------------
Name of Issuer See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------------------
<S> <C> <C>> <C> <C>
Texaco Inc. 4,170
- ----------------------------------------------------------------------------------------------
Time Warner 19,837
- ----------------------------------------------------------------------------------------------
Tootsie Roll 436 38,723
- ----------------------------------------------------------------------------------------------
Transamerica Corp. 4,000
- ----------------------------------------------------------------------------------------------
Tribune Co. 4,500
- ----------------------------------------------------------------------------------------------
TrustCo Bank 1,662 86,197
- ----------------------------------------------------------------------------------------------
U.S. West Inc. 5,385
- ----------------------------------------------------------------------------------------------
Union Pacific Corp. 5,080
- ----------------------------------------------------------------------------------------------
United Technologies 4,712
- ----------------------------------------------------------------------------------------------
United Water Resources 19,687
- ----------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 16
Page 14 of 14 FORM 13F NAME OF REPORTING MANAGER ROBERTS, GLORE & CO., INC.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Investment Discretion
----------------------------------------------
Item 2: Item 3: Item 4: Item 5: (b) Shared-As
Item 1: Title CUSIP Fair Market Shares or Defined in
Name of Issuer of Class Number Value Principal Amount (a) Sole Instr. V (c) Shared-Other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>> <C> <C>
Valspar Corp. cs 920355104 4,245,000 111,700 X
- -----------------------------------------------------------------------------------------------------------------------------------
Vodaphone cs 92857T107 256,000 1,300 X
- -----------------------------------------------------------------------------------------------------------------------------------
Vulcan Materials cs 929160109 351,000 7,275 X
- -----------------------------------------------------------------------------------------------------------------------------------
Wal-Mart cs 931142103 218,000 4,520 X
- -----------------------------------------------------------------------------------------------------------------------------------
Walgreen Inc. cs 931422109 3,454,000 117,570 X
- -----------------------------------------------------------------------------------------------------------------------------------
Watson Pharm. cs 942683103 2,492,000 71,070 X
- -----------------------------------------------------------------------------------------------------------------------------------
Wells Fargo & Co. cs 949746101 922,000 21,560 X
- -----------------------------------------------------------------------------------------------------------------------------------
Xerox cs 984121103 240,000 4,600 X
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 12,178,000
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------------------------------------
Item 8:
Voting Authority
Item 7: (Shares)
Item 1: Managers ---------------------------------------------
Name of Issuer See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------------------
<S> <C> <C>> <C> <C>
Valspar Corp. 1,200 110,500
- ----------------------------------------------------------------------------------------------
Vodaphone 1,300
- ----------------------------------------------------------------------------------------------
Vulcan Materials 200 7,075
- ----------------------------------------------------------------------------------------------
Wal-Mart 4,520
- ----------------------------------------------------------------------------------------------
Walgreen Inc. 117,570
- ----------------------------------------------------------------------------------------------
Watson Pharm. 250 70,820
- ----------------------------------------------------------------------------------------------
Wells Fargo & Co. 21,560
- ----------------------------------------------------------------------------------------------
Xerox 4,600
- ----------------------------------------------------------------------------------------------
</TABLE>
