UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar 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: 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 July 28, 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: 95
Form 13F Information Table Value Total: $220,590
List of Other Included Managers:
<PAGE>
<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>
AFLAC COM 001055102 3301 68950.000SH
SOLE 68950.000
AT&T COM 001957109 746 13360.000SH
SOLE 13360.000
AT&T - Liberty Media COM 001957208 217 5918.000 SH
SOLE 5918.000
Abbott Labs COM 002824100 1512 33316.000SH
SOLE 33316.000
Adobe Systems COM 00724F101 1035 12600.000SH
SOLE 12600.000
Albany International COM 012348108 2119 100902.000SH
SOLE 100902.000
Altera COM 021441100 4821 130960.000SH
SOLE 130960.000
American Express COM 025816109 3797 29182.000SH
SOLE 29182.000
American International Group COM 026874107 7181 61242.000SH
SOLE 61242.000
Ameritech COM 030954101 441 5995.000 SH
SOLE 5995.000
Anchor BanCorp COM 355 19906.000SH
SOLE 19906.000
Associated Bancorp COM 045487105 8593 207052.999SH
SOLE 207052.999
Automatic Data Processing COM 053015103 2328 52900.000SH
SOLE 52900.000
BP Amoco PLC ADR COM 055622104 217 1997.000 SH
SOLE 1997.000
Bank One COM 059438101 2373 39839.000SH
SOLE 39839.000
Bell Atlantic COM 077853109 747 11433.000SH
SOLE 11433.000
BellSouth COM 079860102 224 4851.999 SH
SOLE 4851.999
Bemis COM 081437105 2899 72935.000SH
SOLE 72935.000
Biomet COM 090613100 2995 75350.000SH
SOLE 75350.000
Bristol Myers - Squibb COM 110122108 2245 31875.000SH
SOLE 31875.000
Coca-Cola COM 191216100 403 6500.000 SH
SOLE 6500.000
Comcast COM 200300200 3717 96700.000SH
SOLE 96700.000
Cox Communications COM 224044107 1951 53000.000SH
SOLE 53000.000
Danka Business Systems - ADR COM 236277109 229 40650.000SH
SOLE 40650.000
Dionex COM 254546104 4740 117025.000SH
SOLE 117025.000
Dow Chemical COM 260543103 241 1900.000 SH
SOLE 1900.000
Echo Bay Mines COM 278751102 72 50000.000SH
SOLE 50000.000
Eli Lilly COM 532457108 501 7000.000 SH
SOLE 7000.000
Exactech COM 30064E109 856 74400.000SH
SOLE 74400.000
Exxon COM 302290101 1731 22440.000SH
SOLE 22440.000
Fair Isaac & Company COM 303250104 309 8825.000 SH
SOLE 8825.000
First Data Corporation COM 319963104 2650 54148.000SH
SOLE 54148.000
First Health COM 421928102 2673 123975.000SH
SOLE 123975.000
Firstar COM 33761C103 2823 100805.000SH
SOLE 100805.000
Franklin Resources COM 354613101 1271 31274.000SH
SOLE 31274.000
Gannett COM 364730101 203 2840.000 SH
SOLE 2840.000
General Electric COM 369604103 2574 22775.000SH
SOLE 22775.000
Glaxo COM 37733W105 1025 18100.000SH
SOLE 18100.000
IBM COM 459200101 876 6774.306 SH
SOLE 6774.306
Intel COM 458140100 5471 91945.385SH
SOLE 91945.385
J.P. Morgan COM 616880100 513 3650.000 SH
SOLE 3650.000
Johnson & Johnson COM 478160104 1248 12739.154SH
SOLE 12739.154
Keebler Foods COM 487256109 278 9100.000 SH
SOLE 9100.000
Kimberly-Clark COM 494368103 4147 72762.340SH
SOLE 72762.340
Kimberly-Clark De Mexico - ADR COM 494386204 408 20000.000SH
SOLE 20000.000
Linear Technology COM 535678106 5568 82800.000SH
SOLE 82800.000
Lucent Technologies COM 549463107 217 3215.500 SH
SOLE 3215.500
Marsh & McLennan COM 571748102 3723 49184.000SH
SOLE 49184.000
Marshall & Ilsley COM 571834100 3301 51274.000SH
SOLE 51274.000
Medtronic COM 585055106 748 9600.000 SH
SOLE 9600.000
Merchants Bancorp COM 588438101 381 13600.000SH
SOLE 13600.000
Merck COM 589331107 2502 33981.779SH
SOLE 33981.779
Microsoft COM 594918104 1364 15120.000SH
SOLE 15120.000
Minnesota Mining and Manufactu COM 604059105 237 2731.000 SH
SOLE 2731.000
Mobil COM 607059102 203 2060.000 SH
SOLE 2060.000
Molex COM 608554101 581 15703.000SH
SOLE 15703.000
Molex - Class A COM 608554200 2751 87348.000SH
SOLE 87348.000
Motorola COM 620076109 554 5850.000 SH
SOLE 5850.000
National City Corporation COM 635405103 502 7667.132 SH
SOLE 7667.132
National Health Investors COM 63633D104 1030 45150.000SH
SOLE 45150.000
Nestle - ADR COM 641069406 1111 12335.000SH
SOLE 12335.000
New Plan Excel Realty COM 648053106 1488 82675.000SH
SOLE 82675.000
Nike COM 654106103 1898 29950.000SH
SOLE 29950.000
Noble Affiliates COM 654894104 1985 70425.000SH
SOLE 70425.000
Old Kent Financial COM 679833103 253 6042.750 SH
SOLE 6042.750
Pepsico COM 713448108 329 8500.000 SH
SOLE 8500.000
Pfizer COM 717081103 4143 38007.000SH
SOLE 38007.000
Philip Morris COM 718154107 970 24144.000SH
SOLE 24144.000
Procter & Gamble COM 742718109 660 7400.000 SH
SOLE 7400.000
Quaker Oats COM 747402105 325 4900.000 SH
SOLE 4900.000
Reuters Group - ADR COM 76132M102 879 10846.000SH
SOLE 10846.000
SLM Holding Corp. COM 863871505 1173 25600.000SH
SOLE 25600.000
Schering Plough COM 806605101 24597 468506.000SH
SOLE 468506.000
Schlumberger COM 806857108 1749 27460.000SH
SOLE 27460.000
Schweitzer-Mauduit Internation COM 808541106 525 34979.000SH
SOLE 34979.000
Scudder New Asia Fund COM 811183102 559 38050.000SH
SOLE 38050.000
Sigma-Aldrich COM 826552101 1824 52975.289SH
SOLE 52975.289
Solectron COM 834182107 10804 162005.000SH
SOLE 162005.000
Sprint COM 852061100 583 11000.000SH
SOLE 11000.000
Sterling Commerce COM 859205106 3071 83575.000SH
SOLE 83575.000
SunGard Data Systems COM 867363103 3902 113110.000SH
SOLE 113110.000
Synovus Financial COM 87161C105 283 14250.000SH
SOLE 14250.000
Sysco COM 871829107 2158 72400.000SH
SOLE 72400.000
TCA Cable TV COM 872241104 2142 38600.000SH
SOLE 38600.000
Transatlantic Holdings COM 893521104 1314 17537.000SH
SOLE 17537.000
Tyco Intl COM 925 9759.000 SH
SOLE 9759.000
Wachovia COM 929771103 1754 20499.000SH
SOLE 20499.000
Walgreen COM 931422109 2838 96600.000SH
SOLE 96600.000
Walt Disney COM 254687106 2147 69691.307SH
SOLE 69691.307
Waste Management COM 94106L109 2799 52078.000SH
SOLE 52078.000
Weingarten Realty COM 948741103 1327 31775.000SH
SOLE 31775.000
Wells Fargo COM 949746101 1570 36732.000SH
SOLE 36732.000
Albany International COM 012348108 609 29000.000SH
SOLE 29000.000
Kimberly-Clark COM 494368103 23156 406253.000SH
SOLE 406253.000
Weyerhaeuser COM 962166104 2024 29438.000SH
SOLE 29438.000
</TABLE>
