JACOBS & CO/CA
13F-HR, 2000-01-05
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 13F

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: Jacobs and Company
Address: 595 Market Street
	   Suite 1140
         San Francisco, CA 94105

13F File Number: 28-6710

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, correctly 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:  Matt Jacobson
Title: Partner
Phone: 415-777-1617
Signature, place, and date of signing:

	Matt Jacobson  San Francisco, CA    January 5, 2000

Report type (check only one):

[X]	13F Holding 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:

Form 13F information table value total:
<PAGE>



<TABLE>              <C>                                               <C>
                                                 Form 13F Information T
                                                 Value         Shares  SH/ InvstOther  Voting  Authority
Name of Issuer       Title of Class  CUSIP       (x$1,000     Prn Amt  PRN DscreManager(a) Sole (b) (c)
None


Abbott Laboratories  COM             002824 10 0   3,280        90,925 SH                 20,000   0     0
Air Express Intl CorpCOM             009104 10 0     797        24,650 SH                      0   0     0
Albertsons           COM             013104 10 4     642        19,910 SH                      0   0     0
American Greetings   CL A            026375 10 5     685        28,985 SH                  6,000   0     0
American Home ProductCOM             026609 10 7   3,799        96,809 SH                 17,200   0     0
Anheuser Busch       COM             035229 10 3   4,088        57,672 SH                 12,410   0     0
AT&T                 COM             001957 10 9   4,022        79,158 SH                 16,590   0     0
AT&T Liberty Media GrCOM             001957 20 8   3,175        55,887 SH                      0   0     0
Atlantic Richfield CoCOM             048825 10 3   2,229        25,766 SH                  5,160   0     0
Atrix Labs Inc       COM             04962L 10 1      52        10,000 SH                      0   0     0
Auto Data Processing COM             053015 10 3   1,518        28,184 SH                 18,000   0     0
Avnet Inc            COM             053807 10 3     968        16,006 SH                      0   0     0
Baxter International COM             071813 10 9   2,554        40,668 SH                  3,757   0     0
Becton Dickinson & CoCOM             075887 10 9   2,511        93,216 SH                 16,000   0     0
Bell Atlantic Corp   COM             077853 10 9   3,031        49,231 SH                 13,750   0     0
Bell South           COM             079860 10 2   1,949        41,635 SH                  8,000   0     0
Berkshire Hathaway ClCOM             084670 20 7     503           275 SH                      0   0     0
Bestfoods            COM             08658U 10 1   2,041        38,830 SH                  9,000   0     0
Biogen               COM             090597 10 5     292         3,450 SH                      0   0     0
Boeing               COM             097023 10 5   2,472        59,645 SH                  8,150   0     0
Bristol Myers Squibb COM             110122 10 8   6,103        95,076 SH                 12,700   0     0
BP Amoco             AMERN SH        110889 40 9   3,795        63,982 SH                 17,662   0     0
Cadbury Schweppes PLCADR             127209 30 2   1,193        49,307 SH                  9,090   0     0
Cardinal Health Inc. COM             14149y 10 8   1,139        23,793 SH                  5,603   0     0
Chevron              COM             166751 10 7     967        11,168 SH                      0   0     0
Chiron Corp          COM             170040 10 9     509        12,004 SH                    616   0     0
Cisco Systems        COM             17275R 10 2   5,795        54,098 SH                 13,500   0     0
Citigroup Inc.       COM             172967 10 1     293         5,264 SH                      0   0     0
Coca Cola Company    COM             191216 10 0   1,044        17,925 SH                      0   0     0
Compaq               COM             204493 10 3     712        26,300 SH                      0   0     0
Conoco Cl. B         COM             208251 40 5   1,055        42,402 SH                  8,475   0     0
Corning Inc          COM             219350 10 5   6,791        52,667 SH                  8,100   0     0
Costco Companies Inc.COM             22160Q 10 2   2,298        25,187 SH                      0   0     0
Crown Cork & Seal PfdPFD CV 4.5%     228255 30 3     410        19,735 SH                  3,000   0     0
CVS Corp.            COM             126650 10 0     255         6,400 SH                  6,400   0     0
Dayton-Hudson        COM             239753 10 6   3,486        47,465 SH                  9,600   0     0
Diebold Inc          COM             253651 10 3     245        10,425 SH                      0   0     0
Disney               COM             254687 10 6   1,641        56,110 SH                  3,460   0     0
Dorchester Hugoton   DEPST RCPT      258205 20 2      95        10,000 SH                      0   0     0
Dow Jones            COM             260561 10 5   1,493        21,954 SH                  6,200   0     0
Duke Energy          COM             264399 10 6     311         6,196 SH                      0   0     0
DuPont               COM             263534 10 9   1,513        22,976 SH                  4,027   0     0
EMC Corp             COM             268648 10 2     295         2,700 SH                      0   0     0
Eastman Kodak        COM             277461 10 9   2,874        43,384 SH                  7,549   0     0
El Paso Energy Corp. COM             283905 10 7   1,167        30,055 SH                      0   0     0
Electronic Data SysteCOM             285661 10 4   2,346        35,051 SH                  4,927   0     0
Eli Lilly            COM             532457 10 8   4,577        68,825 SH                 12,200   0     0
Emerson Electric     COM             291011 10 4     905        15,780 SH                      0   0     0
Enron Corp           COM             293561 10 6   1,078        24,300 SH                      0   0     0
Exxon Corporation    COM             302290 10 1   2,622        32,549 SH                  4,800   0     0
Gannett              COM             364730 10 1   3,582        43,912 SH                  5,400   0     0
General Electric     COM             369604 10 3   3,352        21,658 SH                  9,400   0     0
Genzyme Corporation  COM             372917 10 4     204         4,525 SH                      0   0     0
Golden West FinancialCOM             381317 10 6     271         8,100 SH                      0   0     0
GTE                  COM             362320 10 3   1,584        22,453 SH                  6,000   0     0
Hewlett-Packard CompaCOM             428236 10 3   6,303        55,414 SH                 11,600   0     0
Hilton Hotels        COM             432848 10 9     178        18,650 SH                      0   0     0
Hubbell Inc Class A  CL  A           443510 10 2     583        20,725 SH                  1,100   0     0
Hubbell Inc Class B  CL  B           443510 20 1     686        25,178 SH                  6,796   0     0
IMS Health Inc       COM             449934 10 8   1,637        60,221 SH                  8,100   0     0
Intel Corp           COM             458140 10 0   8,966       108,920 SH                 12,450   0     0
Intl Business MachineCOM             459200 10 1   8,464        78,461 SH                 12,600   0     0
Jacobson Stores      COM             469834 10 5     418        71,255 SH                      0   0     0
Johnson & Johnson    COM             478160 10 4   3,717        39,857 SH                  9,600   0     0
Kroger Company       COM             501044 10 1     816        43,215 SH                    600   0     0
Lee Enterprises      COM             523768 10 9   1,059        33,150 SH                  7,000   0     0
Longs Drug Stores    COM             543162 10 1     536        20,750 SH                  6,000   0     0
Lucent Technologies  COM             549463 10 7   3,339        44,520 SH                  8,835   0     0
M D C Holding        COM             552676 10 8     204        13,000 SH                      0   0     0
Masco Corp           COM             574599 10 6   3,335       131,440 SH                 18,000   0     0
Mc Cormick & Co      COM NON VTG     579780 20 6   1,853        62,270 SH                 13,600   0     0
McClatchy Newspapers CL  A           579489 10 5     588        13,600 SH                      0   0     0
MediaOne Group       COM             58440J 10 4   1,591        20,708 SH                    400   0     0
Merck                COM             589331 10 7   2,132        31,726 SH                 11,340   0     0
Microsoft Corp.      COM             594918 10 4   2,377        20,355 SH                  3,500   0     0
Millipore            COM             601073 10 9     493        12,762 SH                  4,500   0     0
Minnesota Mining     COM             604059 10 5   1,245        12,720 SH                  4,000   0     0
Motorola             COM             620076 10 9   8,072        54,818 SH                 12,600   0     0
New York Times Class CL  A           650111 10 7   2,897        58,975 SH                  2,000   0     0
Oracle Corp.         COM             68389x 10 5     287         2,562 SH                      0   0     0
Park Place EntertainmCOM             700690 10 0     138        11,050 SH                      0   0     0
Pepsico Inc          COM             713448 10 8   4,479       127,070 SH                 24,700   0     0
Pfizer Inc           COM             717081 10 3   5,894       181,696 SH                 35,400   0     0
Pharmacia & Upjohn   COM             716941 10 9     612        13,590 SH                      0   0     0
Philip Morris Cos    COM             718154 10 7     626        27,225 SH                    825   0     0
Procter & Gamble     COM             742718 10 9   3,260        29,752 SH                  5,800   0     0
Qwest Comm.          COM             749121 10 9     219         5,100 SH                      0   0     0
Ralston Purina Group COM RAL-PUR GR  751277 30 2   1,942        69,670 SH                 15,216   0     0
Rite Aid Corporation COM             767754 10 4     680        61,100 SH                      0   0     0
Royal Dutch PetroleumNY REG GLD1.25  780257 80 4     514         8,488 SH                      0   0     0
S B C Communications COM             78387G 10 3   2,338        47,964 SH                  1,200   0     0
Schering Plough Corp COM             806605 10 1     721        17,000 SH                      0   0     0
Schlumberger         COM             806857 10 8   2,129        37,935 SH                  4,800   0     0
Seagram Ltd          COM             811850 10 6   1,010        22,575 SH                      0   0     0
Servicemaster        COM             81760N 10 9     503        40,819 SH                      0   0     0
Snap On Tools        COM             833034 10 1   2,606        98,115 SH                 36,317   0     0
Southwestern Energy CCOM             845467 10 9     106        16,175 SH                      0   0     0
Sun Microsystems Inc.COM             866810 10 4   1,409        18,200 SH                      0   0     0
Texaco               COM             881694 10 3     868        15,976 SH                  5,100   0     0
Time Warner IncorporaCOM             887315 10 9   3,934        54,403 SH                  8,700   0     0
Tribune Co           COM             896047 10 7   2,588        46,992 SH                 12,000   0     0
Tribune Phones       PFD CV 2%       896047 30 5   1,759        11,060 SH                  1,600   0     0
Twentieth Century IndCOM             901272 20 3     827        42,838 SH                      0   0     0
Tyco Intl. Ltd       COM             902124 10 6     219         5,613 SH                    851   0     0
U S T Inc            COM             902911 10 6     871        34,575 SH                    675   0     0
U S West             COM             91273H 10 1   2,459        34,159 SH                  4,510   0     0
Union Pacific Corp   COM             907818 10 8   1,033        23,652 SH                  3,200   0     0
Union Pacific ResourcCOM             907834 10 5     152        11,916 SH                      0   0     0
Unocal               COM             915289 10 2     446        13,283 SH                      0   0     0
USA Networks         COM             902984 10 3     754        13,650 SH                      0   0     0
USX-Marathon Group   COM             902905 82 7     428        17,340 SH                      0   0     0
Vodafone Airtouch ADRADR             92857T 10 7   6,169       124,630 SH                  2,750   0     0
Wal-Mart Stores Inc. COM             931142 10 3     767        11,100 SH                      0   0     0
Warner Lambert CompanCOM             934488 10 7   5,954        72,667 SH                 18,300   0     0
Wells Fargo & CompanyCOM             949740 10 4   1,580        39,074 SH                      0   0     0

Alza Corp 5% 06      SUBDBCV         022615 AD 0   1,053       996,000 PRN                   100   0     0
Alza Corp 0% 14      SUB LYON        022615 AC 2     398       825,000 PRN                   350   0     0
Hilton Hotel 5% 06   SUB NT CONV     432848 AL 3   1,330     1,756,000 PRN                   300   0     0
Park Electrochem 5.5%SUBNT CV        700416 AB 6   1,565     1,675,000 PRN                   310   0     0
Phycor Inc 4.5% 03   SUB DB CV       71940F AB 6     440       620,000 PRN                   200   0     0
Seagram 0% 06        LYON CV         811845 AH 9     616       725,000 PRN                   380   0     0
</TABLE>






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