UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Quarter Ended: September 30,1999
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 October 25, 1999
Report type:
[ X ] 13F Holdings 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: 98
Form 13F Information Table Value Total: $210,860
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 3236 77275.000SH
SOLE 77275.000
AT&T COM 001957109 435 9994.611 SH
SOLE 9994.611
AT&T - Liberty Media COM 001957208 221 5918.000 SH
SOLE 5918.000
Abbott Labs COM 002824100 1248 34016.000SH
SOLE 34016.000
Adobe Systems COM 00724F101 1407 12400.000SH
SOLE 12400.000
Albany International COM 012348108 1526 100902.000SH
SOLE 100902.000
Altera COM 021441100 5834 134510.000SH
SOLE 134510.000
American Express COM 025816109 3926 29082.000SH
SOLE 29082.000
American International Group COM 026874107 6756 77710.750SH
SOLE 77710.750
Ameritech COM 030954101 467 7001.000 SH
SOLE 7001.000
Anchor BanCorp COM 323 19906.000SH
SOLE 19906.000
Associated Bancorp COM 045487105 7772 214764.999SH
SOLE 214764.999
Automatic Data Processing COM 053015103 2361 52900.000SH
SOLE 52900.000
BP Amoco PLC ADR COM 055622104 221 1997.000 SH
SOLE 1997.000
Bank One COM 059438101 1430 41066.000SH
SOLE 41066.000
Banta COM 066821109 576 25800.000SH
SOLE 25800.000
Bell Atlantic COM 077853109 763 11333.000SH
SOLE 11333.000
BellSouth COM 079860102 218 4851.999 SH
SOLE 4851.999
Bemis COM 081437105 2418 71367.000SH
SOLE 71367.000
Biomet COM 090613100 2590 98425.000SH
SOLE 98425.000
Bristol Myers - Squibb COM 110122108 2179 32275.000SH
SOLE 32275.000
Cisco Systems COM 17275R102 215 3130.000 SH
SOLE 3130.000
Coca-Cola COM 191216100 328 6800.000 SH
SOLE 6800.000
Comcast COM 200300200 3856 96700.000SH
SOLE 96700.000
Cox Communications COM 224044107 4078 97670.060SH
SOLE 97670.060
Danka Business Systems - ADR COM 236277109 335 32900.000SH
SOLE 32900.000
Dionex COM 254546104 5120 119775.000SH
SOLE 119775.000
Dow Chemical COM 260543103 216 1900.000 SH
SOLE 1900.000
Echo Bay Mines COM 278751102 97 50000.000SH
SOLE 50000.000
Eli Lilly COM 532457108 481 7500.000 SH
SOLE 7500.000
Exactech COM 30064E109 1018 75400.000SH
SOLE 75400.000
Exxon COM 302290101 1664 21890.000SH
SOLE 21890.000
Fair Isaac & Company COM 303250104 836 29775.000SH
SOLE 29775.000
Federated Investors COM 314211103 1039 60250.000SH
SOLE 60250.000
First Data Corporation COM 319963104 2266 51648.000SH
SOLE 51648.000
First Health COM 421928102 2846 126850.000SH
SOLE 126850.000
Firstar COM 33761C103 2657 103682.000SH
SOLE 103682.000
Franklin Resources COM 354613101 1008 32974.000SH
SOLE 32974.000
Gardner Denver COM 365558105 271 17950.000SH
SOLE 17950.000
General Electric COM 369604103 2629 22175.000SH
SOLE 22175.000
Glaxo COM 37733W105 949 18250.000SH
SOLE 18250.000
IBM COM 459200101 796 6574.671 SH
SOLE 6574.671
Intel COM 458140100 6884 92640.733SH
SOLE 92640.733
J.P. Morgan COM 616880100 417 3650.000 SH
SOLE 3650.000
Johnson & Johnson COM 478160104 1171 12741.461SH
SOLE 12741.461
Keebler Foods COM 487256109 680 22750.000SH
SOLE 22750.000
Kimberly-Clark COM 494368103 4191 79459.339SH
SOLE 79459.339
Kimberly-Clark De Mexico - ADR COM 494386204 351 20000.000SH
SOLE 20000.000
Linear Technology COM 535678106 4858 82650.000SH
SOLE 82650.000
Lucent Technologies COM 549463107 281 4331.694 SH
SOLE 4331.694
Marsh & McLennan COM 571748102 3439 50209.000SH
SOLE 50209.000
Marshall & Ilsley COM 571834100 3091 54174.000SH
SOLE 54174.000
Medtronic COM 585055106 683 19200.000SH
SOLE 19200.000
Merchants Bancorp COM 588438101 408 13600.000SH
SOLE 13600.000
Merck COM 589331107 2404 37084.088SH
SOLE 37084.088
Microsoft COM 594918104 1442 15920.000SH
SOLE 15920.000
Minnesota Mining and Manufactu COM 604059105 211 2200.000 SH
SOLE 2200.000
Mobil COM 607059102 288 2860.000 SH
SOLE 2860.000
Molex COM 608554101 571 15703.000SH
SOLE 15703.000
Molex - Class A COM 608554200 2847 87948.000SH
SOLE 87948.000
Motorola COM 620076109 501 5696.000 SH
SOLE 5696.000
National City Corporation COM 635405103 409 15334.368SH
SOLE 15334.368
National Health Investors COM 63633D104 742 45150.000SH
SOLE 45150.000
Nestle - ADR COM 641069406 1159 12335.000SH
SOLE 12335.000
New Plan Excel Realty COM 648053106 1608 90275.000SH
SOLE 90275.000
Nike COM 654106103 1686 29650.000SH
SOLE 29650.000
Noble Affiliates COM 654894104 2421 83500.000SH
SOLE 83500.000
North Fork Bancorp COM 659424105 298 15300.000SH
SOLE 15300.000
Old Kent Financial COM 679833103 232 6260.000 SH
SOLE 6260.000
Pepsico COM 713448108 244 8000.000 SH
SOLE 8000.000
Pfizer COM 717081103 4254 118571.000SH
SOLE 118571.000
Philip Morris COM 718154107 832 24344.000SH
SOLE 24344.000
Procter & Gamble COM 742718109 694 7400.000 SH
SOLE 7400.000
Quaker Oats COM 747402105 303 4900.000 SH
SOLE 4900.000
Reuters Group - ADR COM 76132M102 559 8114.000 SH
SOLE 8114.000
SLM Holding Corp. COM 863871505 1101 25600.000SH
SOLE 25600.000
Schering Plough COM 806605101 20473 469306.000SH
SOLE 469306.000
Schlumberger COM 806857108 1755 28160.000SH
SOLE 28160.000
Schweitzer-Mauduit Internation COM 808541106 453 34979.000SH
SOLE 34979.000
Scudder New Asia Fund COM 811183102 554 38050.000SH
SOLE 38050.000
Sigma-Aldrich COM 826552101 1684 53025.289SH
SOLE 53025.289
Solectron COM 834182107 11015 153380.000SH
SOLE 153380.000
Sprint COM 852061100 575 10600.000SH
SOLE 10600.000
Sterling Commerce COM 859205106 1474 79425.000SH
SOLE 79425.000
SunGard Data Systems COM 867363103 3958 150425.000SH
SOLE 150425.000
Synovus Financial COM 87161C105 409 21900.000SH
SOLE 21900.000
Sysco COM 871829107 2539 72400.000SH
SOLE 72400.000
Transatlantic Holdings COM 893521104 1225 17437.000SH
SOLE 17437.000
Tyco Intl COM 795 7700.000 SH
SOLE 7700.000
Wachovia COM 929771103 1640 20855.000SH
SOLE 20855.000
Walgreen COM 931422109 2461 97000.000SH
SOLE 97000.000
Walt Disney COM 254687106 1907 73341.307SH
SOLE 73341.307
Waste Management COM 94106L109 1730 89878.000SH
SOLE 89878.000
Weingarten Realty COM 948741103 1390 37200.000SH
SOLE 37200.000
Wells Fargo COM 949746101 1461 36882.000SH
SOLE 36882.000
Albany International COM 012348108 439 29000.000SH
SOLE 29000.000
Kimberly-Clark COM 494368103 21353 404798.000SH
SOLE 404798.000
Weyerhaeuser COM 962166104 1696 29438.000SH
SOLE 29438.000
</TABLE>
