UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 9-30-00
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: Laurel Management Company, L.L.C.
Address: One Maritime Plaza, Suite 1450
San Francisco, CA 94111
Form 13F File Number: 28-7014
The institutional investment manager filing this report and the person by
whom it is signed hereby represent 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: Joanne Hagopian
Title: Managing Director
Phone: 415-288-0544
Signature, Place and Date of Signing:
/s/ Joanne Hagopian San Francisco, CA 11-28-2000
[Signature] [City, State] [Date]
Report Type (Check only one.):
XXX 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
___ 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting manager(s).)
___ 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: -0-
Form 13F Information Table Entry Total: 1
Form 13F Information Table Value Total: $243,550,234
List of Other Included Managers:
NONE
<PAGE>
<TABLE>
NAME OF ISSUER TITLE OF CUSIP VALUE SHARES INV OTH. VOTING
CLASS (x$1000) DISC MGRS AUTH
<C> <C>
GAP INC. COM 364760108 243,550 12,101,875 SOLE N/A SOLE
CSR\4586\002\1110566.01
</TABLE>
