CUTLER & CO LLC
13F-HR, 2000-10-13
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                                UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                            Washington, DC 20549
                                  FORM 13F

                            FORM 13F COVER PAGE

Report for the 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:		Cutler & Company, LLC
Address:	503 Airport Road
		Medford, OR  97504

13F File number: 28-1384

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:	Carol S. Fischer
Title:	Chief Operating Officer
Phone:	541-770-9000
Signature, Place, and Date of Signing

     /s/ Carol S. Fischer     Medford, OR     April 3, 2000

Report Type (Check only one.):
[X]	13F Holdings Report.

[ ]	13F Notice.

[ ]	13F Combination Report.

List of other Managers Reporting for this Manager:  NONE

I am signing this report as required by the Securities Exchange Act of 1934.
<PAGE>
                             FORM 13F SUMMARY PAGE


REPORT SUMMARY:

NUMBER OF OTHER INCLUDED MANAGERS:        0

FORM 13F INFORMATION TABLE ENTRY TOTAL:   107

FORM 13F INFORMATION TABLE VALUE TOTAL:   $1,276,606,000



LIST OF OTHER INCLUDED MANAGERS:

NO.   13F FILE NUMBER      NAME

<PAGE>
<TABLE>
<CAPTION>
                                                     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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<C>                            <C>              <C>       <C>      <C>      <C> <C>  <C>     <C>          <C>      <C>      <C>
3COM CORP COM                  COM              885535104      996    17900 SH       SOLE                    17800        0      100
A T & T CORP.                  COM              001957109    55671   988608 SH       SOLE                   874208        0   114400
ABBOTT LABORATORIES            COM              002824100    42710  1213785 SH       SOLE                  1050785        0   163000
ACE LTD ORD                    COM              G0070K103    25918  1133010 SH       SOLE                   986060        0   146950
AETNA INC.                     COM              008117103      452     8150 SH       SOLE                     8150        0        0
ALCOA INC COM                  COM              013817101    18784   267395 SH       SOLE                   230845        0    36550
ALLSTATE CORP                  COM              020002101      397    16654 SH       SOLE                    16654        0        0
ALZA CORP COM                  COM              022615108     6156   163900 SH       SOLE                   163900        0        0
AMER INT'L GROUP               COM              026874107     6594    60222 SH       SOLE                    59922        0      300
AMERICAN HOME PRODUCTS         COM              026609107     1533    28520 SH       SOLE                    28520        0        0
APPLE COMPUTER INC COM         COM              037833100     2227    16400 SH       SOLE                    16400        0        0
ATLANTIC RICHFIELD CO.         COM              048825103    37151   437065 SH       SOLE                   386115        0    50950
AT&T CORP COM LBRTY MED A      COM              001957208     2586    43600 SH       SOLE                    43300        0      300
AUTOMATIC DATA PROCESSING      COM              053015103     5175   107250 SH       SOLE                   106750        0      500
BANK OF AMERICA                COM              060505104    46637   889374 SH       SOLE                   785974        0   103400
BANK ONE CORP COM              COM              06423A103     1401    40750 SH       SOLE                    40750        0        0
BELL ATLANTIC CORP             COM              077853109     1016    16626 SH       SOLE                    16626        0        0
BELLSOUTH CORP                 COM              079860102    10882   232150 SH       SOLE                   231050        0     1100
BESTFOODS                      COM              08658U101     1250    26700 SH       SOLE                    26700        0        0
BP AMOCO ADS                   COM              055622104     1260    23662 SH       SOLE                    23662        0        0
BRISTOL MYERS SQUIBB           COM              110122108     6588   113590 SH       SOLE                   113190        0      400
CATERPILLAR, INC.              COM              149123101    18552   470405 SH       SOLE                   406305        0    64100
CHEVRON CORPORATION            COM              166751107     2255    24400 SH       SOLE                    17400        0     7000
CIGNA CORP.                    COM              125509109      455     6000 SH       SOLE                     6000        0        0
CISCO SYS INC COM              COM              17275R102      533     6900 SH       SOLE                     6900        0        0
CITIGROUP INC.                 COM              172967101    32701   546157 SH       SOLE                   474882        0    71275
CONAGRA INC COM                COM              205887102    26664  1471135 SH       SOLE                  1276485        0   194650
CONOCO INC CL A                COM              208251306     1408    57185 SH       SOLE                    57185        0        0
CONOCO INC CL B                COM              208251405    45127  1761061 SH       SOLE                  1554523        0   206538
CORNING INC.                   COM              219350105     7052    36350 SH       SOLE                    36250        0      100
DAIMLERCHRYSLER AG ORD         COM              D1668R123    19391   296330 SH       SOLE                   256980        0    39350
DELL COMPUTER CORP COM         COM              247025109     4288    79500 SH       SOLE                    79000        0      500
DOVER CORP                     COM              260003108      354     7400 SH       SOLE                     7400        0        0
DOW CHEMICAL COMPANY           COM              260543103     5677    49800 SH       SOLE                    49700        0      100
DU PONT E.I. DE NEMOURS        COM              263534109    46065   870175 SH       SOLE                   765525        0   104650
ELECTRONIC DATA SYS CORP NEWCO COM              285661104      619     9650 SH       SOLE                     9650        0        0
ELI LILLY & CO.                COM              532457108     5890    94050 SH       SOLE                    93650        0      400
EMERSON ELECTRIC CO.           COM              291011104    48588   914594 SH       SOLE                   806844        0   107750
EXXON CORPORATION              COM              30231G102     3903    50081 SH       SOLE                    48761        0     1320
FEDERAL NATL MTG ASSN COM      COM              313586109    37768   667723 SH       SOLE                   576873        0    90850
FIRST SEC CORP DEL COM         COM              336294103    18839  1569940 SH       SOLE                  1354690        0   215250
FIRST UNION CORP N.C.          COM              337358105      786    21100 SH       SOLE                    21100        0        0
G T E CORPORATION              COM              362320103    37525   528528 SH       SOLE                   461878        0    66650
GANNETT COMPANY, INC.          COM              364730101    42770   607745 SH       SOLE                   529845        0    77900
GAP INC COM                    COM              364760108     2401    48200 SH       SOLE                    47800        0      400
GENERAL ELECTRIC CO            COM              369604103     4778    30704 SH       SOLE                    30704        0        0
GENERAL MILLS, INC.            COM              370334104     2236    61800 SH       SOLE                    61800        0        0
H.J. HEINZ CO.                 COM              423074103      849    24350 SH       SOLE                    24350        0        0
HERSHEY FOODS CORP             COM              427866108    10262   210510 SH       SOLE                   181710        0    28800
HEWLETT PACKARD COMPANY        COM              428236103    22555   170143 SH       SOLE                   157243        0    12900
HONEYWELL INTERNATIONAL, INC.  COM              438516106    24223   459748 SH       SOLE                   417923        0    41825
HOUSEHOLD INTERNATIONAL        COM              441815107      390    10450 SH       SOLE                    10450        0        0
ILLINOIS TOOL WORKS            COM              452308109     3351    60650 SH       SOLE                    60550        0      100
INTEL CORP COM                 COM              458140100     3153    23900 SH       SOLE                    23700        0      200
INTL BUSINESS MACHINES         COM              459200101    31573   267570 SH       SOLE                   234270        0    33300
J.P.MORGAN & COMPANY           COM              616880100     3300    25050 SH       SOLE                    24950        0      100
KIMBERLY-CLARK CORP            COM              494368103    24277   433030 SH       SOLE                   382880        0    50150
KNIGHT RIDDER INC.             COM              499040103     1381    26950 SH       SOLE                    26950        0        0
KROGER CO COM                  COM              501044101     3860   219800 SH       SOLE                   219000        0      800
LINCOLN NATIONAL CORP          COM              534187109      677    20200 SH       SOLE                    20200        0        0
LUCENT TECHNOLOGIES INC COM    COM              549463107     3166    51057 SH       SOLE                    50857        0      200
MARSH & MCLENNAN COS.          COM              571748102     7170    65000 SH       SOLE                    64900        0      100
MATTEL INC COM                 COM              577081102     1891   180100 SH       SOLE                   180100        0        0
MCDONALDS CORP COM             COM              580135101     6748   180550 SH       SOLE                   179550        0     1000
MCGRAW-HILL COS. INC.          COM              580645109      710    15600 SH       SOLE                    15600        0        0
MCI WORLDCOM INC COM           COM              55268B106     3106    68550 SH       SOLE                    68050        0      500
MERCK & COMPANY, INC.          COM              589331107     3476    55950 SH       SOLE                    55750        0      200
MERRILL LYNCH TAX-EXEMPT FUND  MUTUAL FUNDS     589908102       86    85529 SH       SOLE                    85529        0        0
MERRILL LYNCH & CO.            COM              590188108     1622    15450 SH       SOLE                    15450        0        0
MICROSOFT CORP COM             COM              594918104     1466    13800 SH       SOLE                    13700        0      100
MONSANTO COMPANY               COM              611662107      206     4000 SH       SOLE                     4000        0        0
MOTOROLA, INC.                 COM              620076109     7285    49900 SH       SOLE                    49700        0      200
NATIONAL SEMICONDUCTOR CORP CO COM              637640103     2767    45550 SH       SOLE                    45150        0      400
NETWORK APPLIANCE INC COM      COM              64120L104      348     4200 SH       SOLE                     4200        0        0
NORFOLK SOUTHERN CORP          COM              655844108      208    14625 SH       SOLE                    14625        0        0
NORTHERN STATES POWER          COM              665772109    23738  1194365 SH       SOLE                  1049065        0   145300
PECO ENERGY CO COM             COM              693304107     1652    44800 SH       SOLE                    44800        0        0
PHILLIPS PETE CO COM           COM              718507106    41401   895165 SH       SOLE                   786915        0   108250
PITNEY-BOWES INC               COM              724479100      362     8100 SH       SOLE                     8100        0        0
PNC BANK CORP.                 COM              693475105    17867   396495 SH       SOLE                   344395        0    52100
PUBLIC SERVICE ENTERPRS        COM              744573106      482    16280 SH       SOLE                    16280        0        0
ROCKWELL INTL CORP NEW COM     COM              773903109     3734    89300 SH       SOLE                    89000        0      300
ROHM & HAAS COMPANY            COM              775371107    28944   648597 SH       SOLE                   564547        0    84050
SARA LEE CORP.                 COM              803111103     2945   163600 SH       SOLE                   162700        0      900
SBC COMMUNICATIONS INC         COM              78387G103    26144   620637 SH       SOLE                   564215        0    56422
STAPLES INC COM                COM              855030102     2357   117850 SH       SOLE                   117150        0      700
STATE STR CORP COM             COM              857477103      484     5000 SH       SOLE                     5000        0        0
SUNGARD DATA SYS INC COM       COM              867363103     2631    69700 SH       SOLE                    69400        0      300
SUNTRUST BKS INC COM           COM              867914103    25676   444600 SH       SOLE                   392950        0    51650
SYMBOL TECHNOLOGIES INC COM    COM              871508107      247     3000 SH       SOLE                     3000        0        0
TELECOM BRASILEIRAS-TELEBRASAD FOREIGN COMMON S 879287308    37757   252555 SH       SOLE                   222705        0    29850
TELLABS INC COM                COM              879664100     4963    78800 SH       SOLE                    78200        0      600
TEXACO, INC.                   COM              881694103    34828   647955 SH       SOLE                   571005        0    76950
TEXAS INSTRS INC COM           COM              882508104    10432    65200 SH       SOLE                    65000        0      200
THE CHASE MANHATTAN CORPORATIO COM              16161A108    21042   241340 SH       SOLE                   209790        0    31550
TJX COS INC NEW COM            COM              872540109     2108    95000 SH       SOLE                    95000        0        0
UNION PAC CORP COM             COM              907818108    25870   661210 SH       SOLE                   574460        0    86750
UNITED TECHNOLOGIES            COM              913017109    29433   465808 SH       SOLE                   417958        0    47850
UNOCAL CORP COM                COM              915289102      776    26100 SH       SOLE                    26100        0        0
US BANCORP DEL COM             COM              902973106    23742  1085365 SH       SOLE                   937015        0   148350
VITESSE SEMICONDUCTOR CORP COM COM              928497106      356     3700 SH       SOLE                     3700        0        0
WACHOVIA CORPORATION           COM              929771103    13157   194735 SH       SOLE                   168035        0    26700
WALGREEN CO.                   COM              931422109      201     7800 SH       SOLE                     7800        0        0
WAL-MART STORES INC            COM              931142103    11049   195550 SH       SOLE                   194650        0      900
WELLS FARGO NEW                COM              949746101     2394    58750 SH       SOLE                    58750        0        0
WEYERHAEUSER CO.               COM              962166104    17494   306915 SH       SOLE                   278115        0    28800
XEROX CORP COM                 COM              984121103      225     8650 SH       SOLE                     8650        0        0
</TABLE>



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