UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended: September 30, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holding entries.
Institutional Investment Manager Filing this Report:
Name: LVM Capital Management, Ltd.
Address: 7840 Moorsbridge Road
Portage, Michigan 49024
13F File Number: 28-6658
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true, correct and complete, and
that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form.
Person signing this Report on Behalf of Reporting Manager:
Name: Michelle M. Larabee
Title: Director of Operations
Phone: 616-321-8120
Signature, Place, and Date of Signing:
Michelle M. Larabee Portage, Michigan November 5,1999
Report Type (Check only one.):
[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 Information Table Entry Total: 68
Form 13F Information Table Value Total: $135,560
List of Other Included Managers:
None
<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>
WHX SERIES B $3.75 CV PFD 929248300 254 7600 SH SOLE 7600
S&P 500 DEPOSITARY RECEIPT 78462f103 1912 14850.000SH SOLE 14850.000
ABBOTT LABS COM 002824100 255 6940 SH SOLE 6940
ADOBE SYSTEMS COM 00724f101 6421 56575 SH SOLE 56575
AMERICAN EXPRESS COM 025816109 708 5245 SH SOLE 5245
AMERICAN HOME PRODUCTS COM 026609107 809 19500 SH SOLE 19500
AMERICAN INTERNATIONAL GROUP COM 026874107 8523 98033 SH SOLE 98033
AMERITECH COM 030954101 1212 18164 SH SOLE 18164
APPLIED MATERIALS COM 038222105 307 3950 SH SOLE 3950
ASSOCIATES FIRST CAPITAL COM 046008108 239 6638 SH SOLE 6638
AT&T COM 001957109 4729 108709 SH SOLE 108709
BANK OF AMERICA COM 060505104 570 10238 SH SOLE 10238
BANK ONE COM 059438101 480 13789 SH SOLE 13789
BELL ATLANTIC COM 077853109 491 7296 SH SOLE 7296
BLYTH INDUSTRIES COM 09643p108 6112 217800 SH SOLE 217800
BP AMOCO PLC ADR COM 055622104 1004 9064 SH SOLE 9064
BRISTOL MYERS SQUIBB COM 110122108 3304 48942 SH SOLE 48942
CARDINAL HEALTH COM 14149y108 692 12698 SH SOLE 12698
CASEY'S GENERAL STORES COM 147528103 5048 376526 SH SOLE 376526
CHASE MANHATTAN COM 16161A108 1138 15100 SH SOLE 15100
CHEVRON COM 166751107 651 7330 SH SOLE 7330
CISCO SYSTEMS COM 17275r102 879 12825 SH SOLE 12825
CITIGROUP COM 172967101 1523 34616 SH SOLE 34616
CORNING COM 219350105 810 11818 SH SOLE 11818
DAIMLERCHRYSLER COM d1668r123 714 10287 SH SOLE 10287
DENTSPLY INTERNATIONAL COM 249030107 1044 45900 SH SOLE 45900
EQUITY RESIDENTIAL PROPERTIES COM 29476l107 281 6637 SH SOLE 6637
EXXON COM 302290101 4301 56596 SH SOLE 56596
FANNIE MAE COM 313586109 4514 72015 SH SOLE 72015
FEDERAL HOME LOAN MORTGAGE COM 313400301 208 4000 SH SOLE 4000
FIRST UNION COM 337358105 2857 80185 SH SOLE 80185
FLOWERS INDUSTRIES COM 343496105 225 16600 SH SOLE 16600
FORD COM 345370100 636 12663 SH SOLE 12663
GENERAL ELECTRIC COM 369604103 1592 13426 SH SOLE 13426
GTE COM 362320103 6394 83175 SH SOLE 83175
HEWLETT PACKARD COM 428236103 226 2485 SH SOLE 2485
ING GROEP ADR COM 456837103 2425 44301 SH SOLE 44301
INTEL COM 458140100 8726 117425 SH SOLE 117425
INTERNATIONAL BUSINESS MACHINE COM 459200101 8464 69948 SH SOLE 69948
J.P. MORGAN COM 616880100 491 4300 SH SOLE 4300
JACOBS ENGINEERING COM 469814107 3725 114600 SH SOLE 114600
KIMBERLY CLARK COM 494368103 309 5862 SH SOLE 5862
LANDAUER COM 51476K103 505 20100 SH SOLE 20100
LEXMARK INTERNATIONAL COM 529771107 298 3700 SH SOLE 3700
LUCENT TECHNOLOGIES COM 549463107 212 3268 SH SOLE 3268
MBIA COM 55262C100 3468 74375 SH SOLE 74375
MEDTRONIC COM 585055106 306 8600 SH SOLE 8600
MELLON FINANCIAL COM 58551a108 5469 162654 SH SOLE 162654
MERCK COM 589331107 1342 20710 SH SOLE 20710
MICROSOFT COM 594918104 1280 14130 SH SOLE 14130
MINNESOTA MINING & MANUFACTURI COM 604059105 209 2178 SH SOLE 2178
MOBIL COM 607059102 262 2600 SH SOLE 2600
NATIONWIDE HEALTH PROPERTYS COM 638620104 221 13300 SH SOLE 13300
NCI BUILDING SYSTEMS COM 628852105 2650 159990 SH SOLE 159990
NISOURCE COM 65473p105 551 24900 SH SOLE 24900
PEOPLESOFT COM 712713106 3222 190200 SH SOLE 190200
ROYAL DUTCH PETROLEUM COM 780257804 821 13900 SH SOLE 13900
SAFEWAY COM 786514208 1681 44165 SH SOLE 44165
SOUTHDOWN COM 841297104 417 7803 SH SOLE 7803
STMICRO- ELECTRONICS COM 861012102 755 10200 SH SOLE 10200
STRYKER COM 863667101 507 9914 SH SOLE 9914
TELEFONICA SA ADR COM 879382208 2082 43381 SH SOLE 43381
TJX COM 872540109 2177 77575 SH SOLE 77575
UNITED TECHNOLOGIES COM 913017109 309 5203 SH SOLE 5203
UNUMPROVIDENT COM 91529y106 2416 82075 SH SOLE 82075
US RESTAURANT PROPERTYS COM 90338E103 772 40625 SH SOLE 40625
WATSON PHARMACEUTICALS COM 942683103 5741 187850 SH SOLE 187850
WICOR COM 929253102 2682 92300 SH SOLE 92300
</TABLE>
