UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended:June 30,2000
Check here is Amendment[ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement
[ ] adds new holdings entries.
Institutional Investment Manager filing this Report:
Name: The Swarthmore Group,Inc.
Address: 1646 West Chester Pike
Suite 3
West Chester, PA 19382
13F File Number: 28-5724
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: Paula Mandle
Title: Chief Operating Officer
Phone: 610-918-7200
Signature, Place, and Date of Signing:
Paula Mandle West Chester, Pennsylvania August 14, 2000
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.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Effective March 31, 2000, Cypress Capital Management, Inc.
13-F File No. 082-03152 was acquired by The Swarthmore
Group, Inc. Since The Swarthmore Group, Inc. is the
surviving investment advisor, information on both companies
is included on the 13-F file for The Swarthmore Group, Inc.
Form 13F Information Table Entry Total: 114
Form 13 F Information Table Value Total: 464,570
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<TABLE>
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>
Agilent Technologies Inc COM 00846U101 777 10538 SH SOLE 10538
AllState Corp COM 020002101 5048 226880 SH SOLE 226880
Amerada Hess Corp COM 023551104 4761 77100 SH SOLE 77100
American Express COM 025816109 6419 123150 SH SOLE 123150
American Home Products COM 026609107 2953 50258 SH SOLE 50258
American International Group COM 026874107 13456 114516 SH SOLE 114516
Amgen Inc COM 031162100 225 3200 SH SOLE 3200
Anheuser-Busch Cos Inc COM 035229103 1837 24600 SH SOLE 24600
Archstone Communities Trust COM 039581103 1180 51600 SH SOLE 51600
BP Amoco PLC - Spons ADR COM 055622104 2392 42288 SH SOLE 42288
Bank of America Corp COM 060505104 3571 83035 SH SOLE 83035
Bell Atlantic Corp COM 077853109 376 7400 SH SOLE 7400
Best Buy Company Inc. COM 086516101 5620 88850 SH SOLE 88850
Bristol-Myers Squibb Co COM 110122108 1529 26250 SH SOLE 26250
Burlington Resources Inc COM 122014103 421 11000 SH SOLE 11000
Cardinal Health Inc COM 14149Y108 7185 97100 SH SOLE 97100
Chase Manhattan Corp COM 16161A108 6619 143700 SH SOLE 143700
Chubb Corporation COM 171232101 440 7150 SH SOLE 7150
Cigna Corp COM 125509109 5046 53970 SH SOLE 53970
Cisco Systems Inc COM 17275R102 14375 226150 SH SOLE 226150
Citigroup Inc COM 172967101 11262 186925 SH SOLE 186925
Clear Channel Communications COM 184502102 7129 95050 SH SOLE 95050
Colgate-Palmolive Co COM 194162103 8083 135000 SH SOLE 135000
Columbia Energy Group COM 197648108 3216 49000 SH SOLE 49000
Computer Associates Internatio COM 204912109 10296 201151 SH SOLE 201151
Computer Sciences Corp COM 205363104 6696 89655 SH SOLE 89655
ConAgra COM 205887102 4901 257100 SH SOLE 257100
Coors (Adolph) - Class B COM 217016104 5127 84750 SH SOLE 84750
Costco Wholesale Corp. COM 22160K105 3594 108900 SH SOLE 108900
Delta Airlines Inc COM 247361108 4120 81485 SH SOLE 81485
Dominion Resources, Inc. - VA COM 25746U109 1224 28550 SH SOLE 28550
Dover Corp COM 260003108 2448 60350 SH SOLE 60350
Duff & Phelps Utilities Income COM 264324104 156 16256 SH SOLE 16256
Duke-Weeks Realty Corp COM 264411505 752 33600 SH SOLE 33600
EMC Corp/Mass COM 268648102 18182 236324 SH SOLE 236324
Eastman Kodak COM 277461109 5273 88615 SH SOLE 88615
Emerson Electric Co COM 291011104 326 5400 SH SOLE 5400
Exxon Mobil Corporation COM 30231G102 1265 16116 SH SOLE 16116
Fannie Mae COM 313586109 228 4375 SH SOLE 4375
Fastenal Co. COM 311900104 1858 36700 SH SOLE 36700
First Security Corp/DEL COM 336294103 136 10000 SH SOLE 10000
General Electric Co COM 369604103 12966 244637 SH SOLE 244637
Genuine Parts Co COM 372460105 4247 212350 SH SOLE 212350
GoAmerica Inc COM 38020R106 154 10000 SH SOLE 10000
Great Lakes Chemical Corp COM 390568103 425 13500 SH SOLE 13500
HRPT Properties Trust COM 40426W101 1714 279910 SH SOLE 279910
Halliburton Co COM 406216101 4235 89750 SH SOLE 89750
Hewlett Packard Co COM 428236103 3184 25500 SH SOLE 25500
Home Depot, Inc COM 437076102 556 11136 SH SOLE 11136
Household Intl COM 441815107 503 12095 SH SOLE 12095
Hyperion Solutions Corp COM 44914M104 4220 130100 SH SOLE 130100
Intel Corp COM 458140100 17408 130215 SH SOLE 130215
International Business Machine COM 459200101 288 2626 SH SOLE 2626
Johnson & Johnson COM 478160104 4588 45032 SH SOLE 45032
Kerr-McGee Corp COM 492386107 1297 22000 SH SOLE 22000
KeySpan Corporation COM 49337w100 7438 241900 SH SOLE 241900
Kimberly-Clark Corp COM 494368103 4346 75750 SH SOLE 75750
LSI Logic Corporation COM 502161102 7042 130100 SH SOLE 130100
Laboratory Corp of America Hol COM 50540R409 7190 93227 SH SOLE 93227
Lehman Brothers Holdings Inc COM 524908100 6331 66950 SH SOLE 66950
Lincoln National Corp COM 534187109 3970 109900 SH SOLE 109900
Lucent Technologies COM 549463107 6049 102100 SH SOLE 102100
MBNA Corp COM 55262L100 4048 149250 SH SOLE 149250
Martin Marietta Materials COM 573284106 2376 58750 SH SOLE 58750
McClatchy Company - Class A COM 579489105 596 18000 SH SOLE 18000
MedImmune Inc. COM 584699102 3641 49200 SH SOLE 49200
Medtronic Inc COM 585055106 10993 220680 SH SOLE 220680
Memry Corp COM 586263204 476 143589 SH SOLE 143589
Merck & Co COM 589331107 1921 25071 SH SOLE 25071
Microsoft Corp COM 594918104 7124 89050 SH SOLE 89050
Minnesota Power Inc. COM 604110106 178 10300 SH SOLE 10300
NSTAR COM 67019E107 4610 113300 SH SOLE 113300
Nationwide Health Pptys Inc COM 638620104 139 10000 SH SOLE 10000
New Century Energies Inc COM 64352U103 535 17850 SH SOLE 17850
New Plan Excel Realty Trust COM 648053106 3299 253750 SH SOLE 253750
New York Times Co - Class A COM 650111107 4527 114600 SH SOLE 114600
Noble Drilling Corp COM 655042109 6285 152600 SH SOLE 152600
Omnicom Group COM 681919106 7379 82850 SH SOLE 82850
PSC Inc. COM 69361E107 122 15000 SH SOLE 15000
Pfizer Inc COM 717081103 699 14571 SH SOLE 14571
Procter & Gamble COM 742718109 258 4500 SH SOLE 4500
Public Service Enterprise Grou COM 744573106 6547 189080 SH SOLE 189080
Qwest Communications Intl COM 749121109 11930 240100 SH SOLE 240100
Raytheon Co - Class A COM 755111309 1478 76050 SH SOLE 76050
Raytheon Company Class B COM 755111408 2328 120950 SH SOLE 120950
Reliant Energy Inc COM 75952J108 934 31600 SH SOLE 31600
Royal Dutch Petroleum NY GLDR COM 780257804 271 4400 SH SOLE 4400
SBC Communications Inc COM 78387G103 351 8106 SH SOLE 8106
Schering-Plough COM 806605101 4544 89975 SH SOLE 89975
Scientific Atlanta Inc COM 808655104 410 5500 SH SOLE 5500
Sierra Pacific Resources COM 826428104 399 31750 SH SOLE 31750
Sovereign Bancorp Inc COM 845905108 222 31576 SH SOLE 31576
Sprint Corp (PCS Group) COM 852061506 10823 181900 SH SOLE 181900
St. Paul Companies COM 792860108 665 19500 SH SOLE 19500
Staples Inc COM 855030102 154 10000 SH SOLE 10000
Sun Microsystems Inc COM 866810104 932 10250 SH SOLE 10250
Supervalu Inc COM 868536103 3976 208600 SH SOLE 208600
Teleflex Inc COM 879369106 2486 69550 SH SOLE 69550
Tellabs Inc COM 879664100 12546 183316 SH SOLE 183316
Teradyne Inc COM 880770102 2716 36950 SH SOLE 36950
Texas Instruments Inc COM 882508104 4960 72216 SH SOLE 72216
Toys R Us Inc COM 892335100 2689 184650 SH SOLE 184650
Tyco International Ltd COM 902124106 14179 299294 SH SOLE 299294
Ultramar Diamond Shamrock COM 904000106 891 35900 SH SOLE 35900
Unifi Inc COM 904677101 186 15000 SH SOLE 15000
Union Pacific Corp COM 907818108 4614 124075 SH SOLE 124075
Viacom Inc - Class B COM 925524308 8804 129112 SH SOLE 129112
Vodafone Airtouch PLC-SP ADR COM 92857t107 211 5100 SH SOLE 5100
Vulcan Materials Co COM 929160109 213 5000 SH SOLE 5000
Wal-Mart Stores Inc COM 931142103 9272 160900 SH SOLE 160900
Williams Cos Inc COM 969457100 4540 108900 SH SOLE 108900
Worldcom Inc. COM 98157D106 7560 164800 SH SOLE 164800
Bethlehem Steel $3.50 Conv Pfd PFD CV 087509501 558 27900 SH SOLE 27900
Kmart Financing 7.75% Cv Pfd PFD CV 498778208 4321 118575 SH SOLE 118575
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