UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 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 July 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: 77
Form 13F Information Table Value Total: $238,154,000
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>
Abbott Labs com 002824100 389 8730 SH SOLE 8730
Amer Intl Group com 026874107 5814 49484 SH SOLE 49484
American Express com 025816109 4801 92100 SH SOLE 92100
Amgen Inc. com 031162100 28639 407676 SH SOLE 407676
Anheuser-Busch com 035229103 971 13000 SH SOLE 13000
Applied Materials Inc com 038222105 1930 21300 SH SOLE 21300
BP Amoco PLC - Spons ADR com 055622104 260 4604 SH SOLE 4604
Bank of America Corp (n/c 4/99 com 060505104 715 16633 SH SOLE 16633
Bank of New York Inc com 064057102 1720 37000 SH SOLE 37000
BellSouth Corp com 079860102 230 5400 SH SOLE 5400
Biogen Inc com 090597105 4357 67550 SH SOLE 67550
Black & Decker Corp com 091797100 5034 128050 SH SOLE 128050
Boeing com 097023105 722 17274 SH SOLE 17274
Bristol-Myers Squibb Co. com 110122108 895 15370 SH SOLE 15370
Chevron Corp com 166751107 338 3988 SH SOLE 3988
Chubb Corp com 171232101 283 4600 SH SOLE 4600
Ciena Corp com 171779101 10173 61030 SH SOLE 61030
Cisco Systems, Inc. com 17275R102 7151 112504 SH SOLE 112504
Citigroup Inc com 172967101 5607 93064 SH SOLE 93064
Coca Cola Co. com 191216100 913 15900 SH SOLE 15900
Comverse Technology Inc com 205862402 3069 33000 SH SOLE 33000
EMC Corporation com 268648102 9691 125960 SH SOLE 125960
El Paso Energy Corp com 283905107 3506 68834 SH SOLE 68834
Exxon Mobil Corporation com 30231g102 810 10316 SH SOLE 10316
Gap Inc. com 364760108 659 21100 SH SOLE 21100
General Electric com 369604103 7085 133680 SH SOLE 133680
Grant Prideco Inc. com 38821g101 1970 78784 SH SOLE 78784
Guidant Corporation (spinoff f com 401698105 376 7600 SH SOLE 7600
Halliburton Co com 406216101 4005 84867 SH SOLE 84867
Hewlett-Packard com 428236103 206 1650 SH SOLE 1650
Home Depot com 437076102 4949 99100 SH SOLE 99100
Honeywell International Inc. com 438516106 2647 78587 SH SOLE 78587
I. B. M. com 459200101 1417 12932 SH SOLE 12932
Intel Corp. com 458140100 10130 75775 SH SOLE 75775
Johnson & Johnson com 478160104 752 7386 SH SOLE 7386
Kimberly Clark Corp. com 494368103 5693 99217 SH SOLE 99217
Kroger Co. com 501044101 1620 73430 SH SOLE 73430
Lilly (Eli) com 532457108 6457 64650 SH SOLE 64650
Lucent Technologies Inc com 549463107 3080 51982 SH SOLE 51982
Merck & Co. com 589331107 4710 61472 SH SOLE 61472
Microsoft com 594918104 11092 138648 SH SOLE 138648
Morgan Stanley Dean Witter & C com 24240V101 3592 43150 SH SOLE 43150
NASDAQ-100 Shares com 631100104 727 7798 SH SOLE 7798
Nike Inc Class B com 654106103 7676 192800 SH SOLE 192800
Nordstrom Inc com 655664100 4048 167800 SH SOLE 167800
Oracle Sys Corp. com 68389X105 513 6100 SH SOLE 6100
Paccar Inc. com 693718108 241 6080 SH SOLE 6080
Pepsico Inc. com 713448108 211 4750 SH SOLE 4750
Pfizer com 717081103 5426 113050 SH SOLE 113050
Philip Morris com 718154107 308 11600 SH SOLE 11600
Potlatch Corp com 737628107 364 11000 SH SOLE 11000
Procter & Gamble com 742718109 200 3500 SH SOLE 3500
Quaker Oats Co. com 747402105 338 4500 SH SOLE 4500
Qwest Communications Intl (sym com 749121109 4052 81550 SH SOLE 81550
Reuters Group PLC - Spons ADR com 76132m102 312 3120 SH SOLE 3120
Royal Dutch Petro-NY Shares (e com 780257804 265 4310 SH SOLE 4310
S&P 500 Depository Receipt com 78462f103 777 5350 SH SOLE 5350
S&P Mid-Cap 400 Depository Rec com 595635103 3270 36850 SH SOLE 36850
Safeco Corp. com 786429100 416 20950 SH SOLE 20950
SmithKline Beecham PLC ADR rep com 832378301 261 4000 SH SOLE 4000
Spiegel Inc -Cl A com 848457107 1208 142100 SH SOLE 142100
Starbucks Corporation com 855244109 6478 169634 SH SOLE 169634
Sun Microsystems Inc. com 866810104 211 2320 SH SOLE 2320
Telefonica de Espana com 879382208 408 6364 SH SOLE 6364
Texas Instruments com 882508104 2480 36100 SH SOLE 36100
Tiffany & Company com 886547108 5790 85784 SH SOLE 85784
Varian Semiconductor Equipment com 922207105 4946 78750 SH SOLE 78750
Verizon Communications com 92343v104 211 4151 SH SOLE 4151
Weatherford International Inc com 947074100 3137 78784 SH SOLE 78784
Weyerhaeuser Co. com 962166104 224 5200 SH SOLE 5200
Worldcom Inc (name changed 5/0 com 98157d106 5008 109162 SH SOLE 109162
Yahoo! Inc com 984332106 223 1800 SH SOLE 1800
American Re Capital Pfd 8.50% prd 029162203 226 9500 SH SOLE 9500
Alliance Mortgage Secs Income fdeq 018639104 86 10560.692SH SOLE 10560.692
D Witter Select Eqty Utility S fdeq 24241x262 22 26085.000SH SOLE 26085.000
Fidelity Spartan Market Index fdeq 315912204 268 2677.225 SH SOLE 2677.225
Vanguard S&P 500 Index Fund fdeq 922908108 9360 69775.197SH SOLE 69775.197
</TABLE>
