UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Quarter Ended: March 31,1999
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: Schaper, Benz & Wise Investment Counsel, Inc.
Address: 18 Jewelers Park Drive
Suite 200
Neenah, WI 54956
13F File Number: 28-6036
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authoirized to submit it, that all
information contained herein is true, correct and complete, and
that it is understood that all required items, statements, and
schedules, lists and tables, are considered integral parts of this form.
Person signing this Report on Behalf of Reporting Manager:
Name: Michael L. Wise
Title: Vice-President & Secretary
Phone: 920-727-1137
Signature, Place and Date of Signing:
Michael L. Wise Neenah, WI April 27, 1999
Report type:
[ 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: 0
Form 13F Table Entry Total: 88
Form 13F Information Table Value Total: $203,702
List of Other Included Managers:
<PAGE>
<TABLE>
VALUE SHARES/
SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT
PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
<C>
<C>
D AFLAC COM 001055102 38026 9850.000
SH SOLE 69850.000
D AMP COM 031897101 695 13000.000
SH SOLE 13000.000
D AT&T COM 001957109 939 11764.000
SH SOLE 11764.000
D Abbott Labs COM 002824100 1560 33316.000
SH SOLE 33316.000
D Adobe Systems COM 00724F101 721 12700.000
SH SOLE 12700.000
D Albany International COM 012348108 1821 97123.000
SH SOLE 97123.000
D Altera COM 021441100 3896 65480.000
SH SOLE 65480.000
D American Express COM 025816109 3901 33132.000
SH SOLE 33132.000
D American Home Products COM 026609107 209 3200.000
SH SOLE 3200.000
D American International Group COM 026874107 7930 65742.000
SH SOLE 65742.000
D Ameritech COM 030954101 288 5002.000
SH SOLE 5002.000
D Associated Bancorp COM 045487105 6505
203663.999SH SOLE 203663.999
D Automatic Data Processing COM 053015103 2189 52900.000
SH SOLE 52900.000
D Bank One COM 059438101 2144 38930.000
SH SOLE 38930.000
D BankAmerica COM 066050105 225 3183.000
SH SOLE 3183.000
D Bell Atlantic COM 077853109 575 11115.000
SH SOLE 11115.000
D Bemis COM 081437105 2010 64720.000
SH SOLE 64720.000
D Biomet COM 090613100 2980 71050.000
SH SOLE 71050.000
D Bristol Myers - Squibb COM 110122108 2435 37975.000
SH SOLE 37975.000
D Coca-Cola COM 191216100 399 6500.000
SH SOLE 6500.000
D Comcast COM 200300200 3134 49800.000
SH SOLE 49800.000
D Cox Communications COM 224044107 2004 26500.000
SH SOLE 26500.000
D Danka Business Systems - ADR COM 236277109 250 50000.000
SH SOLE 50000.000
D Dionex COM 254546104 4418
117025.000SH SOLE 117025.000
D Echo Bay Mines COM 278751102 84 50000.000
SH SOLE 50000.000
D Eli Lilly COM 532457108 594 7000.000
SH SOLE 7000.000
D Exactech COM 30064E109 753 72600.000
SH SOLE 72600.000
D Exxon COM 302290101 1583 22440.000
SH SOLE 22440.000
D FCB Financial COM 301932109 329 11550.000
SH SOLE 11550.000
D First Data Corporation COM 319963104 2377 55598.000
SH SOLE 55598.000
D First Health COM 421928102 2070
128875.000SH SOLE 128875.000
D Firstar COM 33761C103 3224 36021.000
SH SOLE 36021.000
D Franklin Resources COM 354613101 821 29174.000
SH SOLE 29174.000
D General Electric COM 369604103 2500 22598.000
SH SOLE 22598.000
D Glaxo COM 37733W105 1212 18100.000
SH SOLE 18100.000
D IBM COM 459200101 586 3303.843
SH SOLE 3303.843
D Intel COM 458140100 5899 49619.364
SH SOLE 49619.364
D J.P. Morgan COM 616880100 475 3850.000
SH SOLE 3850.000
D Johnson & Johnson COM 478160104 1471 15736.744
SH SOLE 15736.744
D Kimberly-Clark COM 494368103 3479 72573.002
SH SOLE 72573.002
D Kimberly-Clark De Mexico - ADR COM 494386204 374 20000.000
SH SOLE 20000.000
D Linear Technology COM 535678106 4243 82800.000
SH SOLE 82800.000
D Marsh & McLennan COM 571748102 3507 47234.000
SH SOLE 47234.000
D Marshall & Ilsley COM 571834100 2899 52294.000
SH SOLE 52294.000
D Medtronic COM 585055106 690 9600.000
SH SOLE 9600.000
D Merchants Bancorp COM 588438101 338 13600.000
SH SOLE 13600.000
D Merck COM 589331107 2536 31656.758
SH SOLE 31656.758
D Microsoft COM 594918104 1499 16720.000
SH SOLE 16720.000
D Molex COM 608554101 587 19977.000
SH SOLE 19977.000
D Molex - Class A COM 608554200 2282 88180.000
SH SOLE 88180.000
D Motorola COM 620076109 675 9215.000
SH SOLE 9215.000
D National City Corporation COM 635405103 522 7867.132
SH SOLE 7867.132
D National Health Investors COM 63633D104 961 44700.000
SH SOLE 44700.000
D Nestle - ADR COM 641069406 1052 11585.000
SH SOLE 11585.000
D New Plan Excel Realty COM 648053106 1271 66225.000
SH SOLE 66225.000
D Nike COM 654106103 1728 29950.000
SH SOLE 29950.000
D Noble Affiliates COM 654894104 2030 70000.000
SH SOLE 70000.000
D Old Kent Financial COM 679833103 244 5755.000
SH SOLE 5755.000
D Pepsico COM 713448108 333 8500.000
SH SOLE 8500.000
D Pfizer COM 717081103 5294 38157.000
SH SOLE 38157.000
D Philip Morris COM 718154107 853 24244.000
SH SOLE 24244.000
D Procter & Gamble COM 742718109 725 7400.000
SH SOLE 7400.000
D Quaker Oats COM 747402105 305 4900.000
SH SOLE 4900.000
D Reuters Group - ADR COM 76132M102 1030 11852.000
SH SOLE 11852.000
D SLM Holding Corp. COM 863871505 1078 25825.000
SH SOLE 25825.000
D Schering Plough COM 806605101 26023
471006.000SH SOLE 471006.000
D Schlumberger COM 806857108 1559 25910.000
SH SOLE 25910.000
D Schweitzer-Mauduit Internation COM 808541106 402 34979.000
SH SOLE 34979.000
D Scudder New Asia Fund COM 811183102 390 37550.000
SH SOLE 37550.000
D Sigma-Aldrich COM 826552101 1550 52975.289
SH SOLE 52975.289
D Solectron COM 834182107 7922
163130.000SH SOLE 163130.000
D Sprint COM 852061100 540 5500.000
SH SOLE 5500.000
D Sterling Commerce COM 859205106 2514 81750.000
SH SOLE 81750.000
D SunGard Data Systems COM 867363103 3672 91810.000
SH SOLE 91810.000
D Synovus Financial COM 87161C105 282 13750.000
SH SOLE 13750.000
D Sysco COM 871829107 1905 72400.000
SH SOLE 72400.000
D TCA Cable TV COM 872241104 1679 38600.000
SH SOLE 38600.000
D Transatlantic Holdings COM 893521104 957 12762.000
SH SOLE 12762.000
D Wachovia COM 929771103 1664 20499.000
SH SOLE 20499.000
D Walgreen COM 931422109 2729 96600.000
SH SOLE 96600.000
D Walt Disney COM 254687106 2401 77135.307
SH SOLE 77135.307
D Waste Management COM 94106L109 2273 51231.500
SH SOLE 51231.500
D Weingarten Realty COM 948741103 1180 29775.000
SH SOLE 29775.000
D Wells Fargo COM 949746101 1273 36316.000
SH SOLE 36316.000
D YPF Sociedad Anonima - ADR COM 984245100 1142 36175.000
SH SOLE 36175.000
D Albany International COM 012348108 580 30907.000
SH SOLE 30907.000
D Kimberly-Clark COM 494368103 19776
412538.000SH SOLE 412538.000
D Weyerhaeuser COM 962166104 1748 31500.000
SH SOLE 31500.000
S REPORT SUMMARY 88 DATA RECORDS 203702
0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
