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, 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: 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 July 28, 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.
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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
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KEATING INVESTMENT COUNSELORS, INC.
FORM 13F
June 30, 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 1198 65000.00 SH Sole 65000.00
46 2500.00 SH Other 2500.00
AT&T Corp. COM 001957109 4018 71987.45 SH Sole 3000.00 68987.45
223 4000.00 SH Other 4000.00
Abbott Laboratories COM 002824100 10271226360.00 SH Sole 14000.00 212360.00
545 12000.00 SH Other 12000.00
Alaska Air Group Inc. COM 011659109 4108 98400.00 SH Sole 8000.00 90400.00
Allied Signal Inc. COM 019512102 10278163150.00 SH Sole 8400.00 154750.00
1638 26000.00 SH Other 26000.00
Allstate Corp. COM 020002101 5900164451.00 SH Sole 4200.00 160251.00
466 13000.00 SH Other 13000.00
American Home Products COM 026609107 454 7920.00 SH Sole 7920.00
American International Group COM 026874107 2529 21573.00 SH Sole 21573.00
646 5512.00 SH Other 5512.00
Ameritech COM 030954101 581 7900.00 SH Sole 7900.00
Apple Computer COM 038783310 463 10000.00 SH Sole 10000.00
Atlantic Richfield COM 048825103 10098120841.00 SH Sole 7300.00 113541.00
697 8340.00 SH Other 8340.00
Avon Products COM 054303102 15203273933.00 SH Sole 14200.00 259733.00
1254 22600.00 SH Other 22600.00
BP Amoco PLC Spons ADR COM 055622104 1184 10911.00 SH Sole 10911.00
677 6236.00 SH Other 6236.00
Bank One Corp COM 06423A103 1043 17517.00 SH Sole 4000.00 13517.00
Bank of America Corp. COM 060505104 13085178481.99 SH Sole 12672.00 165809.99
1490 20318.00 SH Other 20318.00
Bank of New York COM 064057102 294 8000.00 SH Sole 8000.00
BankBoston Corp. COM 060716107 256 5000.00 SH Sole 5000.00
225 4400.00 SH Other 4400.00
Bell Atlantic COM 077853109 615 9414.00 SH Sole 9414.00
BellSouth Corp. COM 079860102 194 4200.00 SH Sole 4200.00
55 1200.00 SH Other 1200.00
Boeing Co. COM 097023105 4935112150.00 SH Sole 3500.00 108650.00
194 4400.00 SH Other 4400.00
Bristol Myers Squibb COM 110122108 15900225732.00 SH Sole 17800.00 207932.00
3296 46800.00 SH Other 46800.00
Burlington Northern Santa Fe C COM 12189T104 8282267150.00 SH Sole 13200.00 253950.00
747 24111.00 SH Other 24111.00
CINergy Corp COM 172070104 480 15000.00 SH Sole 15000.00
58 1800.00 SH Other 1800.00
Caterpillar Inc. COM 149123101 504 8400.00 SH Sole 8400.00
Chase Manhattan Corp New COM 16161A108 5244 60624.00 SH Sole 5800.00 54824.00
1539 17792.00 SH Other 17792.00
Chemed Corp COM 163596109 399 12000.00 SH Sole 12000.00
Chevron Corp COM 166751107 475 5000.00 SH Sole 5000.00
342 3600.00 SH Other 3600.00
Citigroup Inc. COM 172967101 4541 95596.50 SH Sole 3000.00 92596.50
Coca-Cola Co COM 191216100 620 10000.00 SH Sole 10000.00
Consolidated Natural Gas COM 209615103 726 11950.00 SH Sole 11950.00
425 7000.00 SH Other 7000.00
Crown Cork & Seal COM 228255105 5947208650.00 SH Sole 12000.00 196650.00
442 15500.00 SH Other 15500.00
Dominion Resources COM 257470104 563 13001.00 SH Sole 13001.00
143 3300.00 SH Other 3300.00
Dover Corp. COM 260003108 56 1600.00 SH Sole 1600.00
154 4400.00 SH Other 4400.00
Duke Power Co. COM 264399106 236 4343.00 SH Sole 4343.00
Dupont COM 263534109 2603 38106.00 SH Sole 1600.00 36506.00
751 11000.00 SH Other 11000.00
Emerson Electric COM 291011104 8965142450.00 SH Sole 7700.00 134750.00
610 9700.00 SH Other 9700.00
Enron COM 293561106 241 2947.00 SH Sole 2947.00
Exxon COM 302290101 2610 33840.00 SH Sole 1200.00 32640.00
932 12090.00 SH Other 12090.00
First Union Corp. COM 337358105 358 7600.00 SH Sole 7600.00
19 400.00 SH Other 400.00
FirstMerit Corp COM 337915102 2506 89316.00 SH Sole 89316.00
Ford Motor Co. COM 345370100 209 3700.00 SH Sole 3700.00
56 1000.00 SH Other 1000.00
GTE Corp. COM 362320103 2858 37856.00 SH Sole 100.00 37756.00
325 4300.00 SH Other 4300.00
General Electric COM 369604103 28980256457.00 SH Sole 16400.00 240057.00
4118 36440.00 SH Other 36440.00
General Motors COM 370442105 224 3400.00 SH Sole 3400.00
40 600.00 SH Other 600.00
Halliburton Co COM 406216101 459 10150.00 SH Sole 100.00 10050.00
357 7900.00 SH Other 7900.00
Harris Corp COM 413875105 11827301811.00 SH Sole 15000.00 286811.00
1019 26000.00 SH Other 26000.00
Hewlett Packard COM 428236103 15110150350.00 SH Sole 6100.00 144250.00
2100 20900.00 SH Other 20900.00
IBM COM 459200101 1797 13900.00 SH Sole 1600.00 12300.00
362 2800.00 SH Other 2800.00
ICN Pharmaceuticals COM 448924100 5826181000.00 SH Sole 13500.00 167500.00
64 2000.00 SH Other 2000.00
Intel Corp COM 458140100 6087102300.00 SH Sole 3200.00 99100.00
131 2200.00 SH Other 2200.00
Johnson & Johnson COM 478160104 354 3614.00 SH Sole 3614.00
604 6160.00 SH Other 6160.00
May Department Store COM 577778103 415 10155.00 SH Sole 10155.00
McDonald's Corp COM 580135101 1257 30560.00 SH Sole 160.00 30400.00
288 7000.00 SH Other 7000.00
Merck & Co Inc COM 589331107 1134 15400.00 SH Sole 15400.00
736 10000.00 SH Other 10000.00
Microsoft Corp. COM 594918104 298 3300.00 SH Sole 3300.00
Minnesota Mining & Manufacturi COM 604059105 7481 86050.00 SH Sole 4100.00 81950.00
496 5700.00 SH Other 5700.00
Mobil Corp. COM 607059102 4661 47200.00 SH Sole 1350.00 45850.00
632 6400.00 SH Other 6400.00
Monsanto COM 611662107 851 21500.00 SH Sole 21500.00
617 15600.00 SH Other 15600.00
PPG Industries COM 693506107 3281 55550.00 SH Sole 1500.00 54050.00
59 1000.00 SH Other 1000.00
PepsiCo Inc. COM 713448108 9372242245.00 SH Sole 13700.00 228545.00
778 20100.00 SH Other 20100.00
Pfizer COM 717081103 2359 21640.00 SH Sole 21640.00
1319 12100.00 SH Other 12100.00
Philip Morris COM 718154107 5223129970.00 SH Sole 16500.00 113470.00
1644 40911.00 SH Other 40911.00
Procter & Gamble Co COM 742718109 439 4924.00 SH Sole 4924.00
143 1600.00 SH Other 1600.00
Reliant Energy Inc. COM 613 22200.00 SH Sole 22200.00
SBC Communications COM 78387G103 1079 18600.00 SH Sole 18600.00
418 7200.00 SH Other 7200.00
Southern Company COM 842587107 424 16000.00 SH Sole 16000.00
SunTrust Banks Inc COM 867914103 151 2180.00 SH Sole 2180.00
97 1400.00 SH Other 1400.00
Teleflex Inc. COM 879369106 11394262301.00 SH Sole 10720.00 251581.00
851 19600.00 SH Other 19600.00
Texaco Inc. COM 881694103 112 1800.00 SH Sole 1800.00
150 2400.00 SH Other 2400.00
Thermo Electron Corp COM 883556102 2544126814.00 SH Sole 13235.00 113579.00
270 13462.00 SH Other 13462.00
U S West Inc (New) COM 91273H101 488 8300.00 SH Sole 8300.00
Utilicorp United COM 918005109 593 24400.00 SH Sole 24400.00
36 1500.00 SH Other 1500.00
Warner Lambert Company COM 934488107 3545 51290.00 SH Sole 4000.00 47290.00
415 6000.00 SH Other 6000.00
Western Resources COM 959425109 2607 97900.00 SH Sole 4000.00 93900.00
146 5500.00 SH Other 5500.00
REPORT SUMMARY 129 DATA RECORDS 317903 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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