UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
REPORT FOR THE CALENDAR YEAR OR QUARTER ENDED: September 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: 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 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 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: STEPHEN T. B. JABLONSKI
Title: CHIEF EXECUTIVE OFFICER
Phone: 212-983-8100
Signature, Place, and Date of Signing:
STEPHEN T. B. JABLONSKI, New York, NY October 25 , 1999
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: $248,900
<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 SharedNone
A. T. & T. Corp. COM 001957109 4197 96500
SH SOLE 96500
Alcoa COM 022249106 347 5600
SH SOLE 5600
Allied Signal COM 019512102 335 5600
SH SOLE 5600
ALZA Corp.(aza) COM 022615108 1117 26100
SH SOLE 26100
Amazon.com COM 023135106 1646 20600
SH SOLE 20600
America Online COM 02364J104 2799 26900
SH SOLE 26900
American Express Corp COM 025816109 5936 43975
SH SOLE 43975
American Int'l Group COM 026874107 2647 30450
SH SOLE 30450
Ameritech Corp. COM 030954101 1518 22750
SH SOLE 22750
Atlantic Richfield Co. COM 048825103 265 3000
SH SOLE 3000
Bell Atlantic Corp. COM 077853109 1844 27400
SH SOLE 27400
Boeing COM 097023105 264 6200
SH SOLE 6200
Boston Scientific Co. COM 101137107 3331 134600
SH SOLE 134600
C.R. Bard, Inc. COM 067383109 2986 63450
SH SOLE 63450
Cardinal Health Inc. COM 14149Y108 3643 66850
SH SOLE 66850
Carnival Corp. COM 143658102 2499 57450
SH SOLE 57450
Caterpillar COM 149123101 306 5600
SH SOLE 5600
CBS, Inc. COM 12490K107 5459 118050
SH SOLE 118050
CD Now COM 125086108 212 17100
SH SOLE 17100
Chase Manhattan Bank COM 16161A108 4937 65500
SH SOLE 65500
Chevron Corp COM 166751107 2968 33450
SH SOLE 33450
Cisco Systems Inc. COM 17275R102 205 3000
SH SOLE 3000
CitiGroup COM 172967101 5721 130025
SH SOLE 130025
Coca Cola COM 191216100 270 5600
SH SOLE 5600
Comcast Corp. Cl A COM 200300200 3967 99500
SH SOLE 99500
Compaq Computer Corp. COM 204493100 2690 117600
SH SOLE 117600
Cornerstone US Gov't. Strategic Mut Fd 360908305 442 356903
SH SOLE 356903
Double Click COM 258609304 3192 26800
SH SOLE 26800
DuPont COM 263534109 338 5600
SH SOLE 5600
Eastman Kodak COM 277461109 423 5600
SH SOLE 5600
Endosonics Tech., Inc. COM 29264K105 425 50000
SH SOLE 50000
Ethan Allen COM 297602104 2739 86100
SH SOLE 86100
Exxon Corp COM 302290101 4394 57825
SH SOLE 57825
Federated Dept. Stores COM 31410H101 4386 100400
SH SOLE 100400
First Virginia Bank COM 337477103 394 9050
SH SOLE 9050
Fox Entertainment COM 35138T107 3377 160350
SH SOLE 160350
General Electric COM 369604103 7816 65925
SH SOLE 65925
General Instrument Corp. COM 370120107 8316 173250
SH SOLE 173250
General Motors COM 370442105 365 5800
SH SOLE 5800
GTE Corp. w/ Rts. COM 362320103 3528 45900
SH SOLE 45900
Hewlett Packard Co COM 428236103 7645 84250
SH SOLE 84250
Hibernia Corp. COM 428656102 2184 187900
SH SOLE 187900
Home Depot COM 437076102 2988 43550
SH SOLE 43550
Impath Inc. COM 45255G101 1148 39425
SH SOLE 39425
Intel Corp. COM 458140100 3918 52730
SH SOLE 52730
International Business Machine COM 459200101 5929 49000
SH SOLE 49000
Intimate Brands Inc. COM 461156101 2562 65817
SH SOLE 65817
Int'l Paper COM 460146103 269 5600
SH SOLE 5600
J.P. Morgan COM 616880100 639 5600
SH SOLE 5600
Johnson & Johnson COM 478160104 658 7170
SH SOLE 7170
Lehman Bros. Hldgs Inc. COM 524908100 5892 100950
SH SOLE 100950
Liberty Media Group A COM 001957208 7413 198700
SH SOLE 198700
Limited Inc. COM 532716107 252 6600
SH SOLE 6600
Lowes Companies Inc. COM 548661107 3594 73725
SH SOLE 73725
Lucent Technologies Inc. COM 549463107 5579 86006
SH SOLE 86006
M. Stanley D. Witter COM 617446448 5114 57350
SH SOLE 57350
McDonald's Corp. COM 580135101 311 7200
SH SOLE 7200
MCI Worldcom Inc. COM 55268B106 3963 55150
SH SOLE 55150
Medtronic Inc. COM 585055106 3313 93160
SH SOLE 93160
Mellon Bank COM 585509102 346 10300
SH SOLE 10300
Merck & Co. COM 589331107 3425 52850
SH SOLE 52850
Merrill Lynch & Co. Inc. COM 590188108 5103 75750
SH SOLE 75750
Microsoft Corp. COM 594918104 9382 103600
SH SOLE 103600
Millenium Pharm COM 599902103 1436 22100
SH SOLE 22100
Minnesota Min'g. & Mfg. COM 604059105 730 7600
SH SOLE 7600
Miravant Medical Tech. COM 604690107 106 10500
SH SOLE 10500
Mobil Corp. w/Rts. COM 607059102 206 2050
SH SOLE 2050
Novoste COM 67010C100 389 21815
SH SOLE 21815
Omnicare, Inc. COM 681904108 1283 133385
SH SOLE 133385
Pepsico, Inc. COM 713448108 1952 64025
SH SOLE 64025
Perclose, Inc. (perc) COM 71361C107 931 20000
SH SOLE 20000
Pitney Bowes Inc. COM 724479100 4381 71900
SH SOLE 71900
Procter & Gamble COM 742718109 628 6700
SH SOLE 6700
Ralston Purina Grp. COM 751277302 4684 168050
SH SOLE 168050
Royal Caribbean COM V7780T103 3105 69000
SH SOLE 69000
Royal Dutch Pete Co. COM 780257804 3041 51500
SH SOLE 51500
SBC Communications Inc. w/Rts. COM 78387G103 1925 37700
SH SOLE 37700
Scientific Atlanta Inc. COM 808655104 7305 147400
SH SOLE 147400
Sears Roebuck COM 812387108 2136 68100
SH SOLE 68100
St. Jude Medical COM 790849103 2880 91450
SH SOLE 91450
Summit Bancorp COM 866005101 290 8950
SH SOLE 8950
Texaco, Inc. COM 881694103 3490 55300
SH SOLE 55300
Tiffany & Co. COM 886547108 341 5700
SH SOLE 5700
Time-Warner COM 887315109 5890 96956
SH SOLE 96956
U.S. Treasury Bond 7.875 due 11-15-07 Gov't BD 912810BZ0 1053 1000000
SH SOLE 1000000
U.S. Treasury Bond 8% due 11-15-21 Gov't BD 912810EL8 1181 1000000
SH SOLE 1000000
Union Carbide COM 905581104 318 5600
SH SOLE 5600
United Technologies Corp. COM 913017109 355 6000
SH SOLE 6000
Viacom Inc. Cl. B COM 925524308 4706 111400
SH SOLE 111400
Wal Mart Stores Inc. COM 931142103 3695 77700
SH SOLE 77700
Wellpoint Hlth Networks A COM 94973H108 2755 48350
SH SOLE 48350
Wesley Jessen (wjco) COM 951018100 686 22000
SH SOLE 22000
Xerox Corp. COM 984121103 3151 75150
SH SOLE 75150
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