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, 2000
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: Nicholas Advisors, Inc.
Address: 250 Park Avenue
Suite 2000
New York, NY 10177
13F File Number: 28-6218
The institutional investment manager filing this report
and the person y whom it is signed hereby represent that
the person signing the report is authorized to submit
it, that all information contained herein is rue,
correct and complete, and that is understood that all
required times, statements schedules, lists and tables,
are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Nancy J. O. Luburich
Title: Financial Op Principal
Phone: 212-983-8100
Signature, Place, and Date of Signing:
Nancy J. O. Luburich New York, NY July 31, 2000
Report type (Check only one.):
[X] 13F HOLDING REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total:
Form 13 F Information Table Value Total: $315,767
<PAGE
<TABLE> <C> <C>
Form 13 F 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
A. T. & T. Corp. COM 001957109 2740 86650 SH SOLE 86650 0 0
Agilent Technology COM 00846U101 2714 36800 SH SOLE 36800 0 0
ALZA Corp. COM 022615108 1596 27000 SH SOLE 27000 0 0
Amazon.com COM 023135106 2153 59300 SH SOLE 59300 0 0
American Express Corp COM 025816109 6006 115225 SH SOLE 115225 0 0
American Int'l Group COM 026874107 4144 35275 SH SOLE 35275 0 0
Amgen Inc. COM 031162100 5031 71620 SH SOLE 71620 0 0
AT&T Liberty Media Group A COM 001957208 8642 356400 SH SOLE 356400 0 0
Biogen Inc. COM 090597105 3437 53300 SH SOLE 53300 0 0
Boeing COM 097023105 259 6200 SH SOLE 6200 0 0
Boston Scientific Corp. COM 101137107 4104 187100 SH SOLE 187100 0 0
BP Amoco COM 055622104 278 4920 SH SOLE 4920 0 0
Bristol-Myers Squibb Co. COM 110122108 512 8800 SH SOLE 8800 0 0
Broadvision COM 111412102 4733 93150 SH SOLE 93150 0 0
C.R. Bard, Inc. COM 067383109 3058 63550 SH SOLE 63550 0 0
Cardinal Health Inc. COM 14149Y108 4921 66500 SH SOLE 66500 0 0
CD Now COM 125086108 46 15000 SH SOLE 15000 0 0
Chase Manhattan Bank COM 16161A108 4987 108275 SH SOLE 108275 0 0
Chevron Corp. COM 166751107 2353 27750 SH SOLE 27750 0 0
Cisco Systems Inc. COM 17275R102 502 7900 SH SOLE 7900 0 0
CitiGroup COM 172967101 6418 106525 SH SOLE 106525 0 0
Coca Cola COM 191216100 321 5600 SH SOLE 5600 0 0
Comcast Corp. Cl A COM 200300200 6113 150950 SH SOLE 150950 0 0
Compaq Computer Corp. COM 204493100 3225 126200 SH SOLE 126200 0 0
Data Broadcasting Corp. COM 237596101 101 16000 SH SOLE 16000 0 0
Dell Computer COM 247025109 5942 120500 SH SOLE 120500 0 0
Disney (Walt) COM 254687106 217 5600 SH SOLE 5600 0 0
Double Click COM 258609304 2862 75075 SH SOLE 75075 0 0
DuPont COM 263534109 245 5600 SH SOLE 5600 0 0
Eastman Kodak COM 277461109 333 5600 SH SOLE 5600 0 0
Eclipsys Corp. COM 278856109 76 10250 SH SOLE 10250 0 0
EMC Corp COM 268648102 338 4400 SH SOLE 4400 0 0
Exxon Corp COM 302290101 3656 46581 SH SOLE 46581 0 0
Fox Entertainment COM 35138T107 314 10350 SH SOLE 10350 0 0
G.M. Hughes COM 370442832 4335 49409 SH SOLE 49409 0 0
General Electric Co. COM 369604103 10792 203625 SH SOLE 203625 0 0
General Motors Corp. COM 370442105 351 6050 SH SOLE 6050 0 0
H&R Block COM 093671105 2865 88500 SH SOLE 88500 0 0
Healtheon COM 422209106 370 25000 SH SOLE 25000 0 0
Hewlett Packard Co COM 428236103 10592 84825 SH SOLE 84825 0 0
Hibernia Corp. COM 428656102 1712 157500 SH SOLE 157500 0 0
Home Depot COM 437076102 3554 71175 SH SOLE 71175 0 0
IDX Systems COM 449491109 353 25000 SH SOLE 25000 0 0
Intel Corp COM 458140100 13669 102250 SH SOLE 102250 0 0
International Business Machine COM 459200101 7001 63900 SH SOLE 63900 0 0
J.P. Morgan COM 616880100 616 5600 SH SOLE 5600 0 0
JDS Uniphase COM 46612J101 5100 42550 SH SOLE 42550 0 0
Johnson & Johnson COM 478160104 669 6570 SH SOLE 6570 0 0
Lehman Bros. Hldgs Inc. COM 524908100 8765 92700 SH SOLE 92700 0 0
Lilly, Eli & Co. COM 532457108 429 4300 SH SOLE 4300 0 0
Lowes Companies Inc. COM 548661107 5096 124125 SH SOLE 124125 0 0
Lucent Technologies Inc. COM 549463107 6369 107500 SH SOLE 107500 0 0
M. Stanley D. Witter COM 617446448 8254 99150 SH SOLE 99150 0 0
McDonald's Corp. COM 580135101 279 8500 SH SOLE 8500 0 0
Medtronic Inc. COM 585055106 4682 94000 SH SOLE 94000 0 0
Mellon Bank COM 585509102 251 6900 SH SOLE 6900 0 0
Merck & Co. COM 589331107 869 11350 SH SOLE 11350 0 0
Merrill Lynch & Co. Inc. COM 590188108 8435 73350 SH SOLE 73350 0 0
Microsoft Corp. COM 594918104 9740 121760 SH SOLE 121760 0 0
Millenium Pharm COM 599902103 4972 44450 SH SOLE 44450 0 0
Minnesota Min'g COM 604059105 462 5600 SH SOLE 5600 0 0
Motorola, Inc. COM 620076109 7055 242754 SH SOLE 242754 0 0
Network Appliances COM 64120L104 386 4800 SH SOLE 4800 0 0
Nortel Networks COM 656568102 4170 61100 SH SOLE 61100 0 0
Novoste (novt) COM 67010C100 1330 21815 SH SOLE 21815 0 0
Omnicare, Inc. COM 681904108 476 52600 SH SOLE 52600 0 0
Oracle Systems COM 68389X105 504 6000 SH SOLE 6000 0 0
Pathogenesis COM 71321E104 351 13500 SH SOLE 13500 0 0
Pepsico, Inc. COM 713448108 5383 121150 SH SOLE 121150 0 0
Pfizer, Inc. COM 717081103 220 4600 SH SOLE 4600 0 0
Priceline.com COM 741503106 1519 40000 SH SOLE 40000 0 0
Procter & Gamble Co. COM 742718109 489 8550 SH SOLE 8550 0 0
Quintiles Transnational COM 748767100 819 58000 SH SOLE 58000 0 0
Ralston Purina Grp. COM 751277302 4966 249100 SH SOLE 249100 0 0
Royal Caribbean COM V7780T103 2184 118100 SH SOLE 118100 0 0
Royal Dutch Pete Co. COM 780257705 3244 52700 SH SOLE 52700 0 0
SBC Communications Inc. COM 78387G103 3518 81344 SH SOLE 81344 0 0
Scientific Atlanta Inc. COM 808655104 13305 178600 SH SOLE 178600 0 0
Seagram Co. Ltd. COM 811850106 2821 48650 SH SOLE 48650 0 0
Technology SPDR (xlk) COM 81369Y803 303 5600 SH SOLE 5600 0 0
Tiffany & Co. COM 886547108 256 3800 SH SOLE 3800 0 0
Time-Warner COM 887315109 7600 100006 SH SOLE 100006 0 0
Tyco International COM 902124106 6940 146500 SH SOLE 146500 0 0
United Technologies Corp. COM 913017109 353 6000 SH SOLE 6000 0 0
Verizon Communications COM 92343V104 4324 84901 SH SOLE 84901 0 0
Vertex Pharmaceuticals COM 92532F100 2107 20000 SH SOLE 20000 0 0
Viacom Inc. Cl. B COM 925524308 10824 158744 SH SOLE 158744 0 0
Vodafone COM 92857T107 3049 73600 SH SOLE 73600 0 0
Wal Mart Stores Inc. COM 931142103 4638 80500 SH SOLE 80500 0 0
Wellpoint Hlth Networks A COM 94973H108 3502 48350 SH SOLE 48350 0 0
Worldcom Inc. COM 55268B106 6133 133700 SH SOLE 133700 0 0
</TABLE>
