UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
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: Paragon Investment Management, Inc.
Address: 1420 Fifth Avenue
Suite 3020
Seattle, WA 98101
13F File Number: 801-39191
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 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: Marjanne K. Masterman
Title: Vice-President
Phone: (206) 583-8300
Signature, Place, and Date of Signing:
Marjanne K. Masterman Seattle, WA April 26, 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.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 69
Form 13F Information Table Value Total: $226,167,000
List of other Included Managers:
No.
13F File Number
Name
<PAGE>
<TABLE>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING
AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE
SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- --
- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
<C> <C>
Amer Intl Group com 026874107 5418 49484 SH SOLE 49484
American Express com 025816109 4520 30350 SH SOLE 30350
Amgen Inc. com 031162100 25021 407676 SH SOLE 407676
Anheuser-Busch com 035229103 809 13000 SH SOLE 13000
BP Amoco PLC - Spons ADR com 055622104 242 4538 SH SOLE 4538
Bank of America Corp (n/c 4/99 com 060505104 872 16633 SH SOLE 16633
Bank of New York Inc com 064057102 1538 37000 SH SOLE 37000
Biogen Inc com 090597105 3707 53050 SH SOLE 53050
Black & Decker Corp com 091797100 3751 99850 SH SOLE 99850
Boeing com 097023105 662 17500 SH SOLE 17500
Bristol-Myers Squibb Co. com 110122108 803 13850 SH SOLE 13850
Chevron Corp com 166751107 341 3688 SH SOLE 3688
Chubb Corp com 171232101 236 3500 SH SOLE 3500
Ciena Corp com 171779101 7597 60230 SH SOLE 60230
Cisco Systems, Inc. com 17275R102 8892 115016 SH SOLE 115016
Citigroup Inc. (name chg 10/8 com 172967101 5406 90289 SH SOLE 90289
Coca Cola Co. com 191216100 746 15900 SH SOLE 15900
Costco Wholesale Corp (n/c 8/9 com 22160k105 237 4500 SH SOLE 4500
EMC Corporation com 268648102 9160 72700 SH SOLE 72700
El Paso Energy Corp (name chan com 283905107 2602 64434 SH SOLE 64434
Exxon Mobil Corporation com 30231g102 742 9516 SH SOLE 9516
Gap Inc. com 364760108 3766 75600 SH SOLE 75600
General Electric com 369604103 6443 41400 SH SOLE 41400
Guidant Corporation (spinoff f com 401698105 453 7700 SH SOLE 7700
Halliburton Co com 406216101 3494 84967 SH SOLE 84967
Hewlett-Packard com 428236103 239 1800 SH SOLE 1800
Home Depot com 437076102 5399 83700 SH SOLE 83700
I. B. M. com 459200101 6221 52722 SH SOLE 52722
Intel Corp. com 458140100 11471 86945 SH SOLE 86945
Johnson & Johnson com 478160104 519 7386 SH SOLE 7386
Kimberly Clark Corp. com 494368103 5237 93417 SH SOLE 93417
Lilly (Eli) com 532457108 3855 61550 SH SOLE 61550
Lucent Technologies Inc com 549463107 329 5364 SH SOLE 5364
MCI Worldcom Inc (name changed com 98155K102 3346 73837 SH SOLE 73837
McKesson HBOC Inc. com 58155q103 3058 145600 SH SOLE 145600
Merck & Co. com 589331107 1294 20832 SH SOLE 20832
Microsoft com 594918104 12548 118095 SH SOLE 118095
Morgan St Dean Witter Discover com 24240V101 215 2600 SH SOLE 2600
NASDAQ-100 Shares com 631100104 219 2000 SH SOLE 2000
Nike Inc Class B com 654106103 11210 282900 SH SOLE 282900
Nordstrom Inc (smbl chng 6/10/ com 655664100 4366 148000 SH SOLE 148000
Oracle Sys Corp. com 68389X105 453 5800 SH SOLE 5800
Paccar Inc. com 693718108 339 6780 SH SOLE 6780
Peoplesoft Inc com 712713106 2882 144100 SH SOLE 144100
Pfizer com 717081103 4029 110200 SH SOLE 110200
Philip Morris com 718154107 232 11000 SH SOLE 11000
Quaker Oats Co. com 747402105 273 4500 SH SOLE 4500
Qwest Communications Intl (sym com 749121109 3190 66450 SH SOLE 66450
Rayovac Corporation com 755081106 2816 121100 SH SOLE 121100
Reuters Group PLC - Spons ADR com 76132m102 372 3120 SH SOLE 3120
S&P 500 Depository Receipt com 78462f103 211 1400 SH SOLE 1400
S&P Mid-Cap 400 Depository Rec com 595635103 4631 50750 SH SOLE 50750
Safeco Corp. com 786429100 465 17500 SH SOLE 17500
SmithKline Beecham PLC ADR rep com 832378301 264 4000 SH SOLE 4000
Spiegel Inc -Cl A com 848457107 1153 144100 SH SOLE 144100
Starbucks Corporation com 855244109 7172 160034 SH SOLE 160034
State Street Corporation com 857477103 4511 46566 SH SOLE 46566
Telefonica de Espana com 879382208 473 6364 SH SOLE 6364
Tiffany & Company com 886547108 6664 79684 SH SOLE 79684
U.S. Bancorp com 902973106 213 9747 SH SOLE 9747
Varian Semiconductor Equipment com 922207105 3111 48900 SH SOLE 48900
Weatherford Int'l (name & sym com 947074100 4597 78584 SH SOLE 78584
Weyerhaeuser Co. com 962166104 344 6036 SH SOLE 6036
American Re Capital Pfd 8.50% prd 029162203 320 13700 SH SOLE 13700
Alliance Mortgage Secs Income fdeq 018639104 85 10560.692SH SOLE 10560.692
D Witter Select Eqty Utility S fdeq 24241x262 24 26085.000SH SOLE 26085.000
Fidelity Advisor Equity Growth fdeq 315805200 401 5193.573 SH SOLE 5193.573
Fidelity Advisor Growth Oppty fdeq 315807206 325 7011.571 SH SOLE 7011.571
Vanguard S&P 500 Index Fund fdeq 922908108 9635 69775.197SH SOLE 69775.197
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