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PAPP AMERICA-PACIFIC RIM FUND, INC.
SCHEDULE OF PORTFOLIO INVESTMENTS
MARCH 31, 2000
Number Market
Common Stocks of Shares Value
- ---------------------------------------------------------------- --------- -------
<S> <C> <C>
Computer Equipment (17.4%)
Hewlett-Packard Company
(Manufacturer of printers, computers, and supplies) 8,500 $1,126,781
Intel Corporation
(Manufacturer of microprocessors, microcontrollers,
and memory chips) 13,500 1,781,156
International Business Machines Corporation
(Global provider of information technology, hardware,
software, and services) 3,500 413,000
---------
3,320,937
---------
Electronic Equipment (16.5%)
American Power Conversion *
(Leading producer of uninterruptible power supply products) 46,000 1,972,250
Molex, Inc.
(Supplier of interconnection products) 26,250 1,164,844
---------
3,137,094
---------
Financial Services (14.9%)
American International Group
(Major international insurance holding company) 9,000 985,500
General Electric Co.
(Diversified financial and industrial company) 5,500 853,531
State Street Corporation
(Provider of U.S. and global securities custodial services) 10,500 1,017,188
---------
2,856,219
---------
Industrial Services (11.7%)
Expeditors International of Washington, Inc.
(International air freight forwarding) 23,000 914,250
G & K Services, Inc. Class A
(Uniform rental service) 14,500 283,430
Interpublic Group of Companies, Inc.
(Worldwide advertising agencies) 22,000 1,039,500
---------
2,237,180
---------
Medical Products (10.3%)
Medtronic, Inc.
(Manufacturer of implantable biomedical devices) 22,000 1,131,625
ResMed, Inc.*
(Developer and manufacturer of respiratory products) 3,000 214,125
Stryker Corp.
(Developer and manufacturer of surgical and medical devices) 9,000 627,750
---------
1,973,500
---------
*Non-income producing security.
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PAPP AMERICA-PACIFIC RIM FUND, INC.
SCHEDULE OF PORTFOLIO INVESTMENTS
MARCH 31, 2000
Number Market
Common Stocks(continued) of Shares Value
- ---------------------------------------------------------------- --------- -------
<S> <C> <C>
Pharmaceutical (7.4%)
Eli Lilly & Co.
(Prescription pharmaceuticals) 7,500 $472,500
Pfizer, Inc.
(Prescription pharmaceuticals) 10,000 365,625
Warner-Lambert Company
(Prescription pharmaceuticals) 6,000 585,000
---------
1,423,125
---------
Instruments & Testing (7.4%)
National Instruments Corporation *
(Supplier of computer based instrumentation products) 15,000 704,062
Agilent Technologies, Inc.
(Designs and manufactures test and measurement systems for the
electronics and healthcare industries) 6,800 707,200
---------
1,411,262
---------
Telecommunications (5.9%)
L. M. Ericsson Telephone AB
(Manufacturer of telecom systems and cellular handsets) 11,000 1,031,938
Cable & Wireless HKT Ltd.
(International telecommunications services) 4,000 103,000
---------
1,134,938
---------
Restaurants (3.6%)
McDonald's Corporation
(Fast food restaurants and franchising) 18,500 694,906
---------
Consumer Products (2.7%)
Clorox Company
(Manufacturer of bleach and other consumer products) 16,000 520,000
---------
Software (1.9%)
Microsoft Corporation*
(Personal computer software) 3,400 361,250
---------
Total Common Stocks - 99.7% 19,070,411
Cash and Other Assets, Less Liabilities - 0.3% 66,952
---------
Net Assets - 100.0% $19,137,363
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Net Asset Value Per Share
(Based on 849,565 shares outstanding at March 31, 2000) $ 22.53
=========
*Non-income producing security.
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