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, 1999
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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: ASSET ADVISORS CORPORATION
Address: 3628 WHEELER ROAD
AUGUSTA, GA 30909
Form 13F File Number: 28-_____________________
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: Kevin M. Wilson
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Title: Treasurer/CIO
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Phone: 706-650-9900
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Signature, Place, and Date of Signing:
/S/ KEVIN M. WILSON Augusta, GA August 5, 1999
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[Signature] [City, State] [Date]
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.
[ ] 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28- _________________ ___________________________________-
[Repeat as necessary.]
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
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Form 13F Information Table Entry Total: 82
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Form 13F Information Table Value Total: $170,980749
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(thousands)
List of other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.]
No. Form 13F File Number Name
____ 28-_____________________ __________________________
[Repeat as necessary.]
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<TABLE>
<CAPTION>
ASSET ADVISORS CORPORATION
FORM 13F INFORMATION TABLE
AS OF DATE: 06/30/99
Investment Descretion Voting Authority
Title CUSIP Market ----------------------------- ----------------------
Name of Issuer & of Class Number Value Shares (a)Sole (b)Shared (c)Other Manager (a)Sole (b)Shared (c)Other
- -------------------------- ---------- ---------- ------ ------- --------- -------- ------- ------- --------- --------
<S> <C> <C> <C> <C> <C> <C>
Coca-Cola COM 191216100 18,114,218 292,165 292,165 292,165
Microsoft Corp COM 594918104 15,580,793 172,760 172,760 172,760
Charles Schwab Corp COM 808513105 11,309,295 103,755 103,755 103,755
Merck & Co Inc COM 589331107 7,853,579 106,670 106,670 106,670
T Rowe Price Assoc Inc COM 741477103 6,539,100 170,400 170,400 170,400
Cisco Systems COM 17275R102 5,781,977 89,730 89,730 89,730
Macrovision COM 555904101 5,690,500 76,000 76,000 76,000
Johnson & Johnson COM 478160104 5,564,048 56,776 56,776 56,776
General Electric Co COM 369604103 5,500,501 48,677 48,677 48,677
Paychex Inc COM 704326107 5,058,276 158,691 158,691 158,691
American Express Co COM 025816109 5,022,825 38,600 38,600 38,600
Royal Dutch Petrol COM 780257705 4,725,287 78,428 78,428 78,428
American Int'l Group COM 026874107 4,527,140 38,611 38,611 38,611
Jefferson Pilot Corp COM 475070108 3,767,609 56,923 56,923 56,923
Mobil Corp COM 607059102 3,596,179 36,417 36,417 36,417
Standard&Poors Dep Recs COM 78462F103 3,159,905 23,065 23,065 23,065
Alltel Corp COM 020039103 2,924,350 40,900 40,900 40,900
Gillette Co COM 375766102 2,714,651 66,211 66,211 66,211
Bank of America Corp COM 060505104 2,709,864 36,963 36,963 36,963
Suntrust Banks Inc COM 867914103 2,492,806 35,900 35,900 35,900
Walt Disney Holdings Co COM 254687106 2,469,899 80,159 80,159 80,159
Hershey Foods Corp COM 427866108 2,386,875 40,200 40,200 40,200
Delta & Pine Land Co COM 247357106 2,223,900 70,600 70,600 70,600
Intel Corp COM 458140100 1,919,708 32,264 32,264 32,264
Exxon Corp COM 302290101 1,819,147 23,587 23,587 23,587
FDX Corp COM 31304N107 1,736,000 32,000 32,000 32,000
Interpublic GroupofCos COM 460690100 1,615,556 18,650 18,650 18,650
Minn Mining & Man COM 604059105 1,480,459 17,029 17,029 17,029
First Union Corp COM 337358105 1,438,915 30,534 30,534 30,534
SBC Communications COM 78387G103 1,318,688 22,736 22,736 22,736
BellSouth Corp COM 079860102 1,312,256 28,450 28,450 28,450
Equity Rsntl Pptys Tr COM 29476L107 1,211,731 26,890 26,890 26,890
Pfizer Inc COM 717081103 1,207,175 11,075 11,075 11,075
American Water Works COM 030411102 982,463 31,950 31,950 31,950
Norfolk Southern Corp COM 655844108 948,847 31,497 31,497 31,497
HSB Group Inc COM 40428N109 941,134 22,850 22,850 22,850
Swiss Helvetia Fund Inc COM 870875101 917,088 65,800 65,800 65,800
Sector Spdr Tech Select COM 81369Y803 907,200 22,400 22,400 22,400
Lucent Technologies Inc COM 549463107 848,634 12,584 12,584 12,584
Georgia Bank Fin Corp COM 373993948 799,150 29,060 29,060 29,060
PepsiCo Inc COM 713448108 766,593 19,815 19,815 19,815
Kimberly Clark Corp COM 494368103 720,936 12,648 12,648 12,648
Anheuser-Busch Co Inc COM 035229103 715,050 10,080 10,080 10,080
Bristol Myers Squibb Co COM 110122108 655,069 9,300 9,300 9,300
Mattel Inc COM 577081102 643,459 24,630 24,630 24,630
St Joe Company COM 790148100 631,800 23,400 23,400 23,400
Dover Corporation COM 260003108 630,000 18,000 18,000 18,000
Bank Granite Corp COM 062401104 597,156 24,250 24,250 24,250
Home Depot COM 437076102 594,114 9,220 9,220 9,220
BerkshireHathawayClB COM 084670207 551,040 246 246 246
Genuine Parts Co COM 372460105 530,250 15,150 15,150 15,150
Intern'l Business Mach COM 459200101 478,225 3,700 3,700 3,700
Schlumberger Ltd COM 806857108 445,813 7,000 7,000 7,000
Corning Inc COM 219350105 445,294 6,350 6,350 6,350
Southern Company Prf A COM 84258T208 375,000 15,000 15,000 15,000
America Online Inc COM 02364J104 361,350 3,285 3,285 3,285
Sector Spdr Engy Select COM 81369Y506 345,169 12,300 12,300 12,300
Wachovia Corp COM 929771103 342,250 4,000 4,000 4,000
Campbell Soup COM 134429109 333,900 7,200 7,200 7,200
Duke Energy COM 264399106 295,945 5,436 5,436 5,436
Southtrust Corp COM 844730101 287,813 7,500 7,500 7,500
Diamond Trust Ser I COM 252787106 284,375 2,600 2,600 2,600
Blackrock StratTermTst COM 09247P108 277,313 30,600 30,600 30,600
Bell Atlantic COM 077853109 270,587 4,139 4,139 4,139
Invesco Glbl Hlth Sci COM 46128N109 257,008 16,126 16,126 16,126
Emerson Electric Co COM 291011104 252,631 4,014 4,014 4,014
Clarcor Inc COM 179895107 249,438 13,000 13,000 13,000
US West Inc COM 91273H101 247,573 4,214 4,214 4,214
Kroll O Gara Co COM 501050108 244,894 11,100 11,100 11,100
Compaq Computer Corp COM 204493100 237,804 10,039 10,039 10,039
Cousins Properties Inc COM 222795106 236,688 7,000 7,000 7,000
Ameren Corp COM 023608102 227,756 5,935 5,935 5,935
GTE Corp COM 362320103 220,913 2,926 2,926 2,926
Tribune Company New COM 896047107 217,813 2,500 2,500 2,500
AGL Resources Inc COM 047753108 208,344 11,300 11,300 11,300
Federal-Mogul Corp COM 313549107 208,000 4,000 4,000 4,000
Thermo Instruments COM 883559106 160,000 10,000 10,000 10,000
Inovative Clinical
Solutions COM 45767E107 105,019 71,500 71,500 71,500
Fidelity Nat'l Corp COM 316396100 97,680 10,560 10,560 10,560
Novel Denim Hldgs Ord COM G6674P109 80,938 10,000 10,000 10,000
Hlthcare Recoveries Inc COM 42220K101 52,250 11,000 11,000 11,000
LXR Biotechnology Inc COM 502468101 8,460 45,000 45,000 45,000
----------- ------- ------- -------
OTHER QUALIFING HOLDINGS TOO SMALL TO REPORT n/a 4,971,311 156,948 156,948 156,948
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170,980,749
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