UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 1999
Check here if Amendment [x]; Amendment Number:
This Amendment (check only one.): [x] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Salus Capital Management, Inc.
Address: Biltmore Tower
500 S. Grand Avenue, Suite 1680
Los Angeles, CA 90071
13F File Number:
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: Bradford J. Ebner
Title: President
Phone: 213-624-2800
Signature, Place, and Date of Signing:
Bradford J. Ebner Los Angeles, CA November 9, 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.
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FORM 13F SUMMARY PAGE
Report Summary:
Number or Other Included Managers: 0
Form 13F Information Table Entry Total: 100
Form 13F Information Table Value Total: $343,127,619
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Form 13F INFORMATION TABLE
Inv.Dscretn Voting Authority
Name of Issuer Title of CUSIP Fair Market Shares Sole Sole
Class Number Value
ABBOTT LABS. Com 00282410 $89,701 2445 X 2445
ALLIEDSIGNAL Com 019512102 $3,709,232 61885 X 61885
AMER. EXPRESS Com 025816109 $6,095,925 45155 X 45155
AMER. INT'L GRP Com 026874107 $5,333,616 61350 X 61350
AMER. TEL & TEL Com 001957109 $3,549,600 81600 X 81600
AMERADA HESS Com 023551104 $4,235,438 69150 X 69150
AMSOUTH BANCORP Com 032165102 $2,101,172 89650 X 89650
ANADARKO PETE Com 032511107 $2,581,003 84450 X 84450
ANHEUSER-BUSCH Com 03522910 $196,175 2800 X 2800
AXA FINANCIAL INCCom 002451102 $3,700,369 66300 X 66300
BAXTER INT'L Com 071813109 $3,918,058 65030 X 65030
BELLSOUTH CORP. Com 079860102 $7,320,960 162688 X 162688
BETHLEHEM STEEL Com 087509105 $1,006,909 136530 X 136530
BOISE CASCADE Com 097383103 $3,713,710 101920 X 101920
BRINKER INT'L Com 109641100 $4,341,962 160442 X 160442
BRSTL-MYERS SQB Com 110122108 $168,480 2496 X 2496
BURLINGTON RES. Com 12201410 $5,763,135 156820 X 156820
CATERPILLAR INC Com 149123101 $3,039,353 55450 X 55450
CENDANT CORP Com 151313103 $1,549,398 87290 X 87290
CHASE MANHATTAN Com 16161A108 $120,977 1605 X 1605
CHEVRON CORP. Com 166751107 $5,511,996 62107 X 62107
CIRCUIT CITY Com 172737108 $2,864,531 67900 X 67900
CISCO SYSTEMS Com 17275R102 $212,270 3096 X 3096
CITIGROUP INC Com 172967101 $136,136 3094 X 3094
CK WITCO CORPORATCom 12562C108 $3,255,171 218835 X 218835
COASTAL CORP. Com 190441105 $4,331,392 105805 X 105805
COMERICA INC. Com 200340107 $5,939,325 117320 X 117320
CONAGRA, INC. Com 205887102 $2,144,114 95030 X 95030
CONOCO INC-CL A "A" $2,518,313 90750 X 90750
CONSOL. EDISON Com 209115104 $150,521 3627 X 3627
COOPER TIRE Com 216831107 $1,592,419 90350 X 90350
DAYTON HUDSON Com 239753106 $1,406,664 23420 X 23420
DELPHI AUTOMOTIVECom 247126105 $1,827,913 113800 X 113800
DELTA AIR LINES Com 247361108 $2,071,435 42710 X 42710
DONNELLEY(R.R.) Com 257867101 $4,011,026 138910 X 138910
DOW CHEMICAL Com 260543103 $146,235 1287 X 1287
DTE CORP Com 233331107 $10,038,482 275972 X 275972
EASTMAN KODAK Com 277461109 $3,856,875 51000 X 51000
EL PASO NATURAL GCom 283905107 $6,262,900 155600 X 155600
ENGELHARD CORP. Com 292845104 $1,793,063 98250 X 98250
EOG RESOURCES INCCom 26875P101 $2,109,063 99250 X 99250
FEDL NAT'L MTGE Com 313586109 $3,441,544 54900 X 54900
FLUOR CORP. Com 343861100 $2,441,968 60670 X 60670
FORD MOTOR Com 345370100 $2,719,530 54120 X 54120
FREDDIE MAC Com 313400301 $3,802,500 73125 X 73125
GANNETT CO. Com 364730101 $3,611,588 52200 X 52200
GEN'L DYNAMICS Com 36955010 $5,575,294 89294 X 89294
GEN'L ELECTRIC Com 36960410 $346,321 2921 X 2921
GEN'L MILLS Com 370334104 $4,933,211 60810 X 60810
GRACE (W. R.) Com 38388F108 $4,032,295 246247 X 246247
GTE CORP. Com 362320103 $49,584 645 X 645
HASBRO, INC. Com 418056107 $1,999,500 93000 X 93000
HAWAIIAN AIRLINESCom 419849104 $242,699 104951 X 104951
HEINZ (H.J.) Com 423074103 $3,814,100 88700 X 88700
HEWLETT-PACKARD Com 428236103 $202,373 2230 X 2230
INT'L BUS MACH Com 459200101 $559,504 4624 X 4624
INTEL CORP. Com 458140100 $436,809 5878 X 5878
INTIMATE BRANDS ICom 461156101 $5,056,852 129871 X 129871
JEFFERSON-PILOT Com 475070108 $5,515,005 87280 X 87280
JOHNSON CONTRLS Com 478366107 $2,138,578 32250 X 32250
JOHNSON&JOHNSON Com 47816010 $5,117,438 55700 X 55700
KEEBLER FOODS CO.Com 487256109 $2,841,949 95128 X 95128
KIMBERLY-CLARK Com 494368103 $7,896,675 149700 X 149700
KMART CORP. Com 482584109 $94,061 8048 X 8048
KNIGHT-RIDDER Com 499040103 $8,525,880 155016 X 155016
KROGER CO. Com 50104410 $1,938,191 87850 X 87850
LEAR CORPORATION Com 521865105 $2,167,550 61600 X 61600
LINCOLN NATL CP Com 534187109 $1,235,806 32900 X 32900
LITTON INDS. Com 538021106 $5,672,702 103611 X 103611
LOUISIANA-PACF Com 546347105 $1,414,375 90520 X 90520
LUCENT TECHNOLOGICom 549463107 $358,240 5522 X 5522
MANDALAY RESORT GCom 172909103 $1,980,530 100280 X 100280
MARSH MCLENNAN Com 571748102 $103,778 1515 X 1515
MASCOTECH Com 574670105 $2,525,421 151905 X 151905
MATTEL, INC. Com 577081102 $1,869,600 98400 X 98400
MCCORMICK & COMPACom 579780206 $5,417,754 163864 X 163864
MCDONALD'S CORP Com 580135101 $6,608,427 152796 X 152796
MCGRAW-HILL Com 580645109 $2,568,713 53100 X 53100
MERCK & CO. Com 58933110 $3,750,375 57865 X 57865
MICROSOFT CORP. Com 594918104 $305,196 3370 X 3370
MINNESOTA MING Com 604059105 $8,371,847 87150 X 87150
MOBIL CORP. Com 607059102 $221,650 2200 X 2200
NORTHROP CORP. Com 666807102 $2,888,916 45450 X 45450
OUTBACK STEAKHOUSCom 689899102 $4,229,277 166058 X 166058
PECO ENERGY Com 693304107 $4,305,900 114824 X 114824
PEPSICO, INC. Com 713448108 $2,438,475 79950 X 79950
PHILIP MORRIS Com 71815410 $24,615 720 X 720
PRAXAIR INC. Com 74005P104 $3,109,600 67600 X 67600
PROCTER&GAMBLE Com 742718109 $5,725,875 61076 X 61076
QUAKER OATS Com 747402105 $3,366,000 54400 X 54400
ROYAL DUTCH PET Com 780257804 $7,790,934 131910 X 131910
SAFEWAY INC. Com 786514208 $3,244,448 85240 X 85240
SCHERING-PLOUGH Com 806605101 $157,923 3620 X 3620
SEAGRAM CO. Com 811850106 $1,822,275 40050 X 40050
SHAW INDS. Com 820286102 $1,920,240 120960 X 120960
SHOPKO STORES INCCom 824911101 $3,756,863 129547 X 129547
SNAP-ON TOOLS Com 833034101 $2,353,000 72400 X 72400
SUN MICROSYSTEM Com 866810104 $223,665 2405 X 2405
SUNTRUST BANKS Com 867914103 $4,147,510 63080 X 63080
SUPERVALU INC. Com 868536103 $4,193,971 190095 X 190095
TEMPLE-INLAND Com 879868107 $8,546,100 140100 X 140100
TEXACO INC. Com 881694103 $3,449,466 54645 X 54645
TIME WARNER Com 887315109 $3,824,942 62962 X 62962
UNION PACIFIC Com 907818108 $5,943,889 123670 X 123670
UNION PACIFIC RESCom 907834105 $3,555,338 218790 X 218790
UNITED TECHNOL Com 913017109 $3,887,934 65550 X 65550
VITECH AMERICA INCom 928489103 $319,200 31920 31920
WAL-MART STORES Com 931142103 $4,196,725 88236 88236
WELLS FARGO Com 949746101 $2,518,169 63550 63550
WENDY'S INT'L Com 950590109 $4,565,950 172300 172300
GRAND TOTAL $343,127,619
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