UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2000
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 May 19, 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: 97
Form 13F Information Table Value Total: $331,193,558
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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) So
AIR PRODS&CHEM Com 009158106 $3,469,091 121990 X 121990
ALCAN ALUMINIUM Com 013716105 $7,079,209 207830 X 207830
ALCOA, INC. Com 013817101 $5,140,193 73170 X 73170
ALLEGHENY ENERGY Com 017361106 $4,457,688 161000 X 161000
AMER. EXPRESS Com 025816109 $5,639,965 37868 X 37868
AMER. GENERAL Com 026351106 $2,829,037 50406 X 50406
AMERADA HESS Com 023551104 $8,036,765 124360 X 124360
AMERICA ONLINE INCom 02364J104 $101,493 1505 X 1505
ANHEUSER-BUSCH Com 035229103 $8,292,634 133215 X 133215
APACHE CORP Com 037411105 $4,183,478 84090 X 84090
ARCHER DANIELS Com 039483102 $1,235,747 119830 X 119830
AVON PRODUCTS Com 054303102 $4,815,720 164640 X 164640
BAXTER INT'L Com 071813109 $5,867,550 93600 X 93600
BB&T CORPORATION Com 054937107 $2,624,686 93530 X 93530
BELLSOUTH CORP. Com 079860102 $3,897,375 83144 X 83144
BESTFOODS Com 08658U101 $5,245,575 112055 X 112055
BETHLEHEM STEEL Com 087509105 $692,820 115470 X 115470
BLOCK (H&R) Com 093671105 $4,662,503 104190 X 104190
BOEING Com 097023105 $165,468 4376 X 4376
BOISE CASCADE Com 097383103 $4,318,904 124285 X 124285
BRINKER INT'L Com 109641100 $3,803,622 128122 X 128122
BURLINGTON NRTH Com 12189T104 $3,282,825 144300 X 144300
CHASE MANHATTAN Com 16161A108 $3,836,076 43998 X 43998
CIGNA CORP. Com 125509109 $4,252,605 56140 X 56140
CISCO SYSTEMS Com 17275R102 $366,461 4740 X 4740
CITIGROUP INC Com 172967101 $7,405,939 123690 X 123690
CK WITCO CORPORATCom 12562C108 $721,846 70856 X 70856
CONSOL. EDISON Com 209115104 $5,233,763 179700 X 179700
DEERE & CO. Com 244199105 $4,225,600 111200 X 111200
DISNEY (WALT) Com 254687106 $2,827,275 68540 X 68540
DOW JONES & CO. Com 260561105 $5,102,278 71050 X 71050
DTE CORP Com 233331107 $4,800,556 164473 X 164473
DU PONT (E.I.) Com 263534109 $218,103 4120 X 4120
ENGELHARD CORP. Com 292845104 $2,158,035 142680 X 142680
ENRON CORP. Com 293561106 $359,849 4806 X 4806
EXXON MOBIL CORP.Com 30231G102 $9,735,173 124910 X 124910
FEDERATED DEPT. Com 31410H101 $3,610,263 85450 X 85450
FEDL NAT'L MTGE Com 313586109 $1,763,336 31175 X 31175
FORD MOTOR Com 345370100 $3,432,174 74714 X 74714
FPL GROUP Com 302571104 $6,779,939 147190 X 147190
GANNETT CO. Com 364730101 $4,672,900 66400 X 66400
GEN'L ELECTRIC Com 369604103 $494,732 3179 X 3179
GEORGIA-PACIFIC Com 373298108 $4,431,396 112010 X 112010
GRACE (W. R.) Com 38388F108 $4,110,473 319260 X 319260
HAWAIIAN AIRLINESCom 419849104 $252,619 106366 X 106366
HEWLETT-PACKARD Com 428236103 $435,697 3279 X 3279
INCO LIMITED Com 453258402 $4,718,884 256810 X 256810
INT'L BUS MACH Com 459200101 $562,152 4764 X 4764
INTEL CORP. Com 458140100 $802,444 6082 X 6082
INTIMATE BRANDS ICom 461156101 $6,814,225 165444 X 165444
JEFFERSON-PILOT Com 475070108 $5,954,748 89461 X 89461
KANSAS CITY SO Com 485170104 $2,505,938 29160 X 29160
KELLOGG Com 487836108 $3,473,675 134900 X 134900
KMART CORP. Com 482584109 $538,625 55600 X 55600
KNIGHT-RIDDER Com 499040103 $10,980,313 214250 X 214250
KROGER CO. Com 50104410 $1,616,101 92020 X 92020
LINCOLN NATL CP Com 534187109 $1,218,529 36374 X 36374
LOUISIANA-PACF Com 546347105 $1,473,803 106220 X 106220
MASCOTECH Com 574670105 $2,476,290 201120 X 201120
MCDONALD'S CORP Com 580135101 $105,323 2818 X 2818
MELLON BANK CP. Com 58551A108 $2,977,678 100090 X 100090
MERCK & CO. Com 589331107 $6,991,423 112538 X 112538
MICROSOFT CORP. Com 594918104 $455,813 4290 X 4290
MILLIPORE CORP. Com 601073109 $5,243,608 92910 X 92910
MINNESOTA MING Com 604059105 $5,588,648 63104 X 63104
MORGAN (J.P.) Com 616880100 $7,652,040 58080 X 58080
NABISCO GROUP HOLCom 62952P102 $2,291,754 189990 X 189990
NEW YORK TIMES COCom 650111107 $5,748,043 133870 X 133870
OFFICE DEPOT Com 676220106 $6 1 X 1
OMNICOM GROUP Com 681919106 $5,666,653 60525 X 60525
PARK PLACE ENTERTCom 700690100 $1,049,644 90780 X 90780
PECO ENERGY Com 693304107 $2,349,491 63715 X 63715
PEPSICO, INC. Com 713448108 $5,681,138 162900 X 162900
PHARMERICA INC Com 717135107 $0 1 X 1
PIER 1 IMPORTS Com 720279108 $1,239,225 120900 X 120900
PROVIDIAN FINANCICom 74406A102 $3,265,763 37700 X 37700
RALSTON PURINA Com 751277302 $4,948,075 179930 X 179930
ROYAL DUTCH PET Com 780257804 $151,006 2612 X 2612
SCHERING-PLOUGH Com 806605101 $99,978 2693 X 2693
SCHLUMBERGER Com 806857108 $382,500 5000 X 5000
SEARS, ROEBUCK Com 812387108 $2,249,406 73450 X 73450
SEMPRA ENERGY Com 816851109 $1,991,743 118910 X 118910
SHAW INDS. Com 820286102 $1,158,062 76251 X 76251
SOUTHERN CO. Com 842587107 $4,405,463 202550 X 202550
STATION CASINOS ICom 857689103 $2,562,533 117480 X 117480
SUN MICROSYSTEM Com 866810104 $565,030 6030 X 6030
SUNTRUST BANKS Com 867914103 $4,282,163 74150 X 74150
SUPERVALU INC. Com 868536103 $4,812,132 254106 X 254106
SYSCO CORP. Com 871829107 $5,488,471 151930 X 151930
TARGET CORP. Com 87612E106 $7,362,875 98500 X 98500
TEXACO INC. Com 881694103 $5,481,425 101980 X 101980
TIME WARNER Com 887315109 $304,100 3041 X 3041
UNION CARBIDE Com 905581104 $3,195,525 54800 X 54800
UNION PACIFIC Com 907818108 $7,944,723 203060 X 203060
VITECH AMERICA INCom 928489103 $152,438 26511 X 26511
WAL-MART STORES Com 931142103 $421,377 7458 X 7458
WHIRLPOOL CORP. Com 963320106 $2,723,131 46450 X 46450
GRAND TOTAL $331,193,558
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