KEATING INVESTMENT COUNSELORS INC
13F-HR/A, 1999-06-16
Previous: REMINGTON PRODUCTS CO LLC, 8-K, 1999-06-16
Next: ARC COMMUNICATIONS INC, 10SB12G/A, 1999-06-16



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, 1999

Check here if Amendment   [ x ];   Amendment Number:
This Amendment (Check only one):    [   ]  is a restatement
				    [    ] adds new holdings entries

Institutional Investment Manager Filing this Report:

Name:		Keating Investment Counselors, Inc.
Address:		777 E. Atlantic Ave., Suite 303
		Delray Beach, FL   33483

13F File Number:

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:		Linda F. Sierra
Title:		Vice President
Phone:		561  278-7862

Signature, Place, and Date of Signing:

Linda F. Sierra		Delray Beach, Florida	June 16, 1999

Report Type (Check only one):

[  x  ]	13F HOLDING 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:	0

Form 13F Information Table Entry Total:

Form 13F Information Table Value Total:



List of Other Included Managers:

No.	13F File Number		Name

<PAGE>



<TABLE>                         <C>                                        <C>    <C>
                      KEATING INVESTMENT COUNSELORS, INC.
                                 FORM 13F
                              March 31, 1999

                                                                                                              Voting Authority
                                                                                                         --------------------------
                                                           Value   Shares/  Sh/ Put/ Invstmt    Other
        Name of Issuer          Title of class    CUSIP   (x$1000) Prn Amt  Prn Call Dscretn   Managers     Sole    Shared   None
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------

AGL Resources                  COM              001204106     1177 67000.00 SH       Sole                                   67000.00
                                                                44  2500.00 SH       Other                                   2500.00
AT&T Corp.                     COM              001957109      319  3991.96 SH       Sole                                    3991.96
                                                               160  2000.00 SH       Other                                   2000.00
Abbott Laboratories            COM              002824100    10873232260.00 SH       Sole                 14000.00         218260.00
                                                               562 12000.00 SH       Other                                  12000.00
Allied Signal Inc.             COM              019512102     8047163600.00 SH       Sole                  8400.00         155200.00
                                                              1279 26000.00 SH       Other                                  26000.00
Allstate Corp.                 COM              020002101     8615232450.00 SH       Sole                  5400.00         227050.00
                                                               519 14000.00 SH       Other                                  14000.00
American Home Products         COM              026609107      517  7920.00 SH       Sole                                    7920.00
American International Group   COM              026874107     2684 22247.00 SH       Sole                                   22247.00
                                                               665  5512.00 SH       Other                                   5512.00
Ameritech                      COM              030954101      461  8000.00 SH       Sole                                    8000.00
Apple Computer                 COM              038783310      359 10000.00 SH       Sole                                   10000.00
Atlantic Richfield             COM              048825103     9240126361.00 SH       Sole                  7300.00         119061.00
                                                               610  8340.00 SH       Other                                   8340.00
Avon Products                  COM              054303102    13681290700.00 SH       Sole                 14200.00         276500.00
                                                              1064 22600.00 SH       Other                                  22600.00
BP Amoco PLC Spons ADR         COM              055622104     1102 10911.00 SH       Sole                                   10911.00
                                                               630  6236.00 SH       Other                                   6236.00
Banc One Corp                  COM              06423A103      965 17517.00 SH       Sole                  4000.00          13517.00
Bank of America Corp.          COM              060505104    12893182549.00 SH       Sole                 12672.00         169877.00
                                                              1435 20318.00 SH       Other                                  20318.00
Bank of New York               COM              064057102      288  8000.00 SH       Sole                                    8000.00
BankBoston Corp.               COM              060716107      217  5000.00 SH       Sole                                    5000.00
                                                               191  4400.00 SH       Other                                   4400.00
Bell Atlantic                  COM              077853109      590 11414.00 SH       Sole                                   11414.00
BellSouth Corp.                COM              079860102      176  4400.00 SH       Sole                                    4400.00
                                                                48  1200.00 SH       Other                                   1200.00
Boeing Co.                     COM              097023105     3691108550.00 SH       Sole                  3500.00         105050.00
                                                               150  4400.00 SH       Other                                   4400.00
Bristol Myers Squibb           COM              110122108    14689229062.00 SH       Sole                 17800.00         211262.00
                                                              3001 46800.00 SH       Other                                  46800.00
Burlington Northern Santa Fe C COM              12189T104     8906270900.00 SH       Sole                 13200.00         257700.00
                                                               803 24411.00 SH       Other                                  24411.00
CINergy Corp                   COM              172070104      413 15000.00 SH       Sole                                   15000.00
                                                                50  1800.00 SH       Other                                   1800.00
Caterpillar Inc.               COM              149123101      386  8400.00 SH       Sole                                    8400.00
Chase Manhattan Corp New       COM              16161A108     4941 60724.00 SH       Sole                  5800.00          54924.00
                                                              1448 17792.00 SH       Other                                  17792.00
Chemed Corp                    COM              163596109      309 12000.00 SH       Sole                                   12000.00
Chevron Corp                   COM              166751107      444  5000.00 SH       Sole                                    5000.00
                                                               320  3600.00 SH       Other                                   3600.00
Citigroup Inc.                 COM              172967101     4110 64350.00 SH       Sole                  2000.00          62350.00
Coca-Cola Co                   COM              191216100      614 10000.00 SH       Sole                                   10000.00
Consolidated Natural Gas       COM              209615103      582 11950.00 SH       Sole                                   11950.00
                                                               341  7000.00 SH       Other                                   7000.00
Dominion Resources             COM              257470104      166  4500.00 SH       Sole                                    4500.00
                                                                85  2300.00 SH       Other                                   2300.00
Dupont                         COM              263534109     2226 38346.00 SH       Sole                  1600.00          36746.00
                                                               639 11000.00 SH       Other                                  11000.00
Emerson Electric               COM              291011104     7226136500.00 SH       Sole                  6700.00         129800.00
                                                               513  9700.00 SH       Other                                   9700.00
Exxon                          COM              302290101     2388 33840.00 SH       Sole                  1200.00          32640.00
                                                               931 13190.00 SH       Other                                  13190.00
First Union Corp.              COM              337358105     2509 46950.00 SH       Sole                  2200.00          44750.00
                                                                96  1800.00 SH       Other                                   1800.00
FirstMerit Corp                COM              337915102     2300 89316.00 SH       Sole                                   89316.00
Ford Motor Co.                 COM              345370100      210  3700.00 SH       Sole                                    3700.00
                                                                57  1000.00 SH       Other                                   1000.00
GTE Corp.                      COM              362320103     2611 43156.00 SH       Sole                  3100.00          40056.00
                                                               260  4300.00 SH       Other                                   4300.00
General Electric               COM              369604103    28861260890.00 SH       Sole                 16400.00         244490.00
                                                              4158 37590.00 SH       Other                                  37590.00
General Motors                 COM              370442105      296  3400.00 SH       Sole                                    3400.00
                                                                52   600.00 SH       Other                                    600.00
Glaxo Welcome PLC-ADR          COM              37733W105       67  1000.00 SH       Sole                                    1000.00
                                                               134  2000.00 SH       Other                                   2000.00
Halliburton Co                 COM              406216101     5887152900.00 SH       Sole                  4100.00         148800.00
                                                               520 13500.00 SH       Other                                  13500.00
Harris Corp                    COM              413875105     8745305510.00 SH       Sole                 15000.00         290510.00
                                                               744 26000.00 SH       Other                                  26000.00
Hewlett Packard                COM              428236103    10240151000.00 SH       Sole                  6100.00         144900.00
                                                              1417 20900.00 SH       Other                                  20900.00
IBM                            COM              459200101     1232  6950.00 SH       Sole                   800.00           6150.00
                                                               248  1400.00 SH       Other                                   1400.00
ICN Pharmaceuticals            COM              448924100     4417175800.00 SH       Sole                 13500.00         162300.00
                                                                50  2000.00 SH       Other                                   2000.00
Intel Corp                     COM              458140100     5962 50150.00 SH       Sole                  1600.00          48550.00
                                                               131  1100.00 SH       Other                                   1100.00
Johnson & Johnson              COM              478160104      338  3614.00 SH       Sole                                    3614.00
                                                               576  6160.00 SH       Other                                   6160.00
May Department Store           COM              577778103      397 10155.00 SH       Sole                                   10155.00
McDonald's Corp                COM              580135101     1367 30160.00 SH       Sole                   160.00          30000.00
                                                               317  7000.00 SH       Other                                   7000.00
Merck & Co Inc                 COM              589331107     1234 15400.00 SH       Sole                                   15400.00
                                                               801 10000.00 SH       Other                                  10000.00
Microsoft Corp.                COM              594918104      296  3300.00 SH       Sole                                    3300.00
Minnesota Mining & Manufacturi COM              604059105     6244 88250.00 SH       Sole                  4100.00          84150.00
                                                               403  5700.00 SH       Other                                   5700.00
Mobil Corp.                    COM              607059102     4391 49900.00 SH       Sole                  3350.00          46550.00
                                                               563  6400.00 SH       Other                                   6400.00
Monsanto                       COM              611662107      988 21500.00 SH       Sole                                   21500.00
                                                               717 15600.00 SH       Other                                  15600.00
PepsiCo Inc.                   COM              713448108     9681247045.00 SH       Sole                 13700.00         233345.00
                                                               788 20100.00 SH       Other                                  20100.00
Pfizer                         COM              717081103     3003 21640.00 SH       Sole                                   21640.00
                                                              1818 13100.00 SH       Other                                  13100.00
Philip Morris                  COM              718154107     4499127850.00 SH       Sole                 16500.00         111350.00
                                                              1440 40911.00 SH       Other                                  40911.00
Procter & Gamble Co            COM              742718109      545  5564.00 SH       Sole                                    5564.00
                                                               157  1600.00 SH       Other                                   1600.00
Reliant Energy Inc.            COM                             579 22200.00 SH       Sole                                   22200.00
SBC Communications             COM              78387G103      968 20524.00 SH       Sole                                   20524.00
                                                               340  7200.00 SH       Other                                   7200.00
SCANA Corp                     COM              805898103      347 16000.00 SH       Sole                                   16000.00
Southern Company               COM              842587107      457 19600.00 SH       Sole                                   19600.00
Specialty Retail Group         COM              84751D106        0 10000.00 SH       Sole                                   10000.00
SunTrust Banks Inc             COM              867914103      136  2180.00 SH       Sole                                    2180.00
                                                                87  1400.00 SH       Other                                   1400.00
Teleflex Inc.                  COM              879369106     9078266520.00 SH       Sole                 10720.00         255800.00
                                                               668 19600.00 SH       Other                                  19600.00
Tenneco Inc                    COM              88037E101     4156148750.00 SH       Sole                 10500.00         138250.00
                                                               427 15300.00 SH       Other                                  15300.00
Texaco Inc.                    COM              881694103      102  1800.00 SH       Sole                                    1800.00
                                                               136  2400.00 SH       Other                                   2400.00
Thermo Electron Corp           COM              883556102     1747128789.00 SH       Sole                 13035.00         115754.00
                                                               183 13462.00 SH       Other                                  13462.00
U S West Inc (New)             COM              91273H101      457  8300.00 SH       Sole                                    8300.00
Utilicorp United               COM              918005109      530 23300.00 SH       Sole                                   23300.00
                                                                34  1500.00 SH       Other                                   1500.00
Warner Lambert Company         COM              934488107     1378 20800.00 SH       Sole                  2700.00          18100.00
                                                               331  5000.00 SH       Other                                   5000.00
Western Resources              COM              959425109     2482 93000.00 SH       Sole                  4000.00          89000.00
                                                               147  5500.00 SH       Other                                   5500.00
REPORT SUMMARY                126 DATA RECORDS              285308            0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission