UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 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: 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 February 3, 2000
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: 116
Form 13F Information Table Value Total: $370,519,860
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Form 13F INFORMATION TABLE
Inv.Dscretn Voting Authority
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Form 13F INFORMATION TABLE
InvestmeVoting Authority
Name of Issuer TitlCUSIP NumbeFair Market VShares (a) Sole(a) Sole
ALCAN ALUMINIUM Com 013716105 $5,002,238 120900 X 120900
ALCOA, INC. Com 013817101 $2,286,650 27550 X 27550
AMER. EXPRESS Com 025816109 $5,448,844 32775 X 32775
AMER. GENERAL Com 026351106 $4,264,403 56203 X 56203
AMERADA HESS Com 023551104 $4,740,328 83530 X 83530
AMERICA ONLINE INCom 02364J104 $149,853 1975 X 1975
ANHEUSER-BUSCH Com 03522910 $198,450 2800 X 2800
ASSOCIATES FIRST Com 046008108 $1,659,969 60500 X 60500
AXA FINANCIAL INCCom 002451102 $4,852,480 142720 X 142720
BANC ONE CORP. Com 059438101 $2,477,440 77420 X 77420
BANKAMERICA Com 060505104 $1,681,281 33500 X 33500
BAXTER INT'L Com 071813109 $5,043,216 80290 X 80290
BELLSOUTH CORP. Com 079860102 $3,479,011 74318 X 74318
BESTFOODS Com 08658U101 $3,388,704 64470 X 64470
BETHLEHEM STEEL Com 087509105 $1,036,909 123810 X 123810
BOEING Com 097023105 $3,221,973 77755 X 77755
BOISE CASCADE Com 097383103 $4,393,845 108490 X 108490
BP AMOCO PLC-SPNSCom 055622104 $3,757,447 63350 X 63350
BRINKER INT'L Com 109641100 $3,406,547 141204 X 141204
BRSTL-MYERS SQB Com 110122108 $3,145,829 49010 X 49010
BURLINGTON NRTH Com 12189T104 $1,883,498 77670 X 77670
CAMPBELL SOUP Com 134429109 $2,545,638 65800 X 65800
CENDANT CORP Com 151313103 $2,871,141 108090 X 108090
CHASE MANHATTAN Com 16161A108 $3,550,863 45707 X 45707
CHEVRON CORP. Com 166751107 $5,399,336 62330 X 62330
CIRCUIT CITY Com 172737108 $2,503,222 55550 X 55550
CISCO SYSTEMS Com 17275R102 $423,144 3950 X 3950
CK WITCO CORPORATCom 12562C108 $954,801 71387 X 71387
COMERICA INC. Com 200340107 $3,686,585 78963 X 78963
CONAGRA, INC. Com 205887102 $4,579,699 201860 X 201860
CONOCO INC-CL A "A" $2,572,020 103920 X 103920
CONSOL. EDISON Com 209115104 $109,917 3186 X 3186
COOPER TIRE Com 216831107 $2,373,840 150720 X 150720
DISNEY (WALT) Com 254687106 $2,030,535 69420 X 69420
DOW CHEMICAL Com 260543103 $227,430 1702 X 1702
DTE CORP Com 233331107 $9,428,678 298140 X 298140
EASTMAN KODAK Com 277461109 $3,386,038 51110 X 51110
EDISON INTERNATIOCom 281020107 $2,769,328 105750 X 105750
ENGELHARD CORP. Com 292845104 $2,314,641 122630 X 122630
ENRON CORP. Com 293561106 $5,756,991 129735 X 129735
FEDERAL EXPRESS Com 31304N107 $2,740,766 66950 X 66950
FEDERATED DEPT. Com 31410H101 $2,806,219 55500 X 55500
FLUOR CORP. Com 343861100 $3,543,385 77240 X 77240
FORD MOTOR Com 345370100 $2,983,208 55957 X 55957
FPL GROUP Com 302571104 $5,373,825 125520 X 125520
FREDDIE MAC Com 313400301 $89,136 1894 X 1894
GANNETT CO. Com 364730101 $4,470,441 54810 X 54810
GEN'L ELECTRIC Com 36960410 $13,048,365 84319 X 84319
GEN'L MILLS Com 370334104 $1,875,981 52475 X 52475
GOODYEAR TIRE Com 382550101 $2,324,978 82850 X 82850
GRACE (W. R.) Com 38388F108 $3,690,750 261292 X 261292
GTE CORP. Com 362320103 $5,586,080 79165 X 79165
HASBRO, INC. Com 418056107 $1,785,617 94290 X 94290
HAWAIIAN AIRLINESCom 419849104 $223,903 105366 X 105366
INCO LIMITED Com 453258402 $2,963,350 126100 X 126100
INT'L BUS MACH Com 459200101 $544,122 5044 X 5044
INTEL CORP. Com 458140100 $523,672 6362 X 6362
INTIMATE BRANDS ICom 461156101 $6,080,151 140989 X 140989
JEFFERSON-PILOT Com 475070108 $5,474,060 80206 X 80206
KEEBLER FOODS CO.Com 487256109 $3,127,641 111205 X 111205
KIMBERLY-CLARK Com 494368103 $11,089,693 169470 X 169470
KMART CORP. Com 482584109 $1,682,279 167183 X 167183
KNIGHT-RIDDER Com 499040103 $10,337,072 173550 X 173550
KROGER CO. Com 50104410 $1,651,374 87490 X 87490
LINCOLN NATL CP Com 534187109 $2,841,360 71034 X 71034
LOCKHEED MARTIN CCom 539830109 $2,219,000 101440 X 101440
LOUISIANA-PACF Com 546347105 $1,557,000 110720 X 110720
LOWE'S COS. Com 548661107 $4,039,100 67600 X 67600
LUCENT TECHNOLOGICom 549463107 $443,400 5912 X 5912
MANDALAY RESORT GCom 172909103 $2,793,551 138810 X 138810
MASCOTECH Com 574670105 $2,287,429 180290 X 180290
MCCORMICK & COMPACom 579780206 $5,415,095 182020 X 182020
MCDONALD'S CORP Com 580135101 $2,570,244 63758 X 63758
MERCK & CO. Com 58933110 $4,131,897 61498 X 61498
MICROSOFT CORP. Com 594918104 $421,001 3606 X 3606
MINNESOTA MING Com 604059105 $4,164,777 42552 X 42552
N C R CORPORATIOCom 62886E108 $2 0 X 0
NABISCO GROUP HOLCom 62952P102 $794,856 74810 X 74810
NEW YORK TIMES COCom 650111107 $4,625,610 94160 X 94160
NEWS CORP. LTD. Com 652487703 $4,402,958 115110 X 115110
NORDSTROM, INC. Com 655664100 $2,294,187 87190 X 87190
OFFICE DEPOT Com 676220106 $642,301 58391 X 58391
OMNICOM GROUP Com 681919106 $3,453,000 34530 X 34530
OUTBACK STEAKHOUSCom 689899102 $3,807,781 146806 X 146806
PECO ENERGY Com 693304107 $4,750,117 136694 X 136694
PEPSICO, INC. Com 713448108 $5,173,643 146770 X 146770
PFIZER, INC. Com 717081103 $2,004,800 61805 X 61805
PHARMERICA INC Com 717135107 $0 1 X 1
PHILIP MORRIS Com 71815410 $16,560 720 X 720
PRAXAIR INC. Com 74005P104 $3,931,922 78150 X 78150
PROCTER&GAMBLE Com 742718109 $9,444,726 86204 X 86204
RALSTON PURINA Com 751277302 $3,280,330 117680 X 117680
ROYAL DUTCH PET Com 780257804 $8,694,655 143565 X 143565
SCHERING-PLOUGH Com 806605101 $155,474 3669 X 3669
SCHLUMBERGER Com 806857108 $2,660,325 47400 X 47400
SEARS, ROEBUCK Com 812387108 $2,348,595 77320 X 77320
SHAW INDS. Com 820286102 $1,622,075 104650 X 104650
SHOPKO STORES INCCom 824911101 $3,438,983 149521 X 149521
SOUTHERN CO. Com 842587107 $2,064,475 87850 X 87850
SUN MICROSYSTEM Com 866810104 $398,803 5150 X 5150
SUNTRUST BANKS Com 867914103 $4,528,551 65810 X 65810
SUPERVALU INC. Com 868536103 $4,197,220 209861 X 209861
TEMPLE-INLAND Com 879868107 $4,985,864 75615 X 75615
TEXACO INC. Com 881694103 $106,453 1960 X 1960
TEXTRON, INC. Com 883203101 $2,661,056 34700 X 34700
TIME WARNER Com 887315109 $273,124 3777 X 3777
TRANSOCEAN SEDCO Com $308,476 9157 X 9157
UAL CORP. Com 902549500 $2,577,402 33230 X 33230
UNION CARBIDE Com 905581104 $3,181,973 47670 X 47670
UNION PACIFIC Com 907818108 $6,805,639 155780 X 155780
UNITED TECHNOL Com 913017109 $4,919,200 75680 X 75680
VITECH AMERICA INCom 928489103 $231,960 28995 X 28995
WAL-MART STORES Com 931142103 $6,388,463 92419 X 92419
WELLS FARGO Com 949746101 $2,937,380 72640 X 72640
WENDY'S INT'L Com 950590109 $4,384,153 210650 X 210650
WILLIAMS COS. Com 969457100 $2,124,094 69500 X 69500
GRAND TOTAL $370,519,860
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