UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.):[ ]is a restatement.
[ ]adds new holdings entries.
Institutional Investment Manger Filing this Report:
Name: Beach Investment Counsel, Inc.
Address: 3 Radnor Corporate Center
Suite 410
Radnor, PA 19087
13F File Number: 28-7070
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: Patricia A. Hino
Title: Operations and Compliance Manager
Phone: 610-225-1100
Signature, Place, and Date of Signing:
Patricia A. Hino Radnor, PA November 3, 1999
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 of Other Included Mangers: 0
Form 13F Information Table Entry Total: 79
Form 13F Information Table Value Total: 199,421
List of Other Included Managers:
None
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FORM 13F INFORMATION TABLE
TITLE OF VALUE SHARES/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT DSCRETION MANAGERS NONE
- -------------------------------------------------------------------------------------------------------
ABBOTT LABS COM 002824100 1,247 34000 SOLE 34000
AC NEILSON COM 004833109 567 25000 SOLE 25000
AES CORP COM 00130H105 2,089 35400 SOLE 35400
ALLSTATE CORP COM 020002101 231 9270 SOLE 9270
AMEREN CORP COM 023608102 351 9270 SOLE 9270
AMERICAN GENERAL COM 026351106 202 3200 SOLE 3200
CORP
AMERICAN HOME COM 026609107 996 24000 SOLE 24000
PRODUCTS CORP
AMERICAN INTL GROUP COM 026874107 2,516 28938 SOLE 28938
AMERICAN NATIONAL COM 028591105 1,373 20500 SOLE 20500
INSURANCE CO. TEXAS
ANHEUSER BUSCH COS COM 035229103 1,121 16000 SOLE 16000
INC.
ARCHSTONE CMMTY. TR. COM 039581103 565 28600 SOLE 28600
AUTOMATIC DATA COM 053015103 892 20000 SOLE 20000
PROCESS
AVALON BAY COMMUNIT. COM 053484101 3,658 107978 SOLE 107978
AVISTA CORP. COM 05379B107 190 10792 SOLE 10792
BANK AMERICA COM 06605F102 2,624 47113 SOLE 47113
BP AMOCO PLC SPNOS COM 055622104 1,026 9261 SOLE 9261
ADR
BRADLEY REAL ESTATE COM 104580105 3,819 207858 SOLE 207858
BRISTOL MYERS SQUIBB COM 110122108 8,302 122990 SOLE 122990
CENTERPOINT PPTYS. COM 151895109 5,424 160721 SOLE 160721
CHATEAU COMMUNITITES COM 161726104 3,500 134623 SOLE 134623
CHESAPEAKE UTILITIES COM 165303108 394 22834 SOLE 22834
CORP
CHEVRON CORPORATION COM 166751107 4,207 47400 SOLE 47400
CHARTER ONE FINANCIALCOM 160903100 4,134 178749 SOLE 178749
CILCORP INC COM 171794100 898 13850 SOLE 13850
CISCO SYSTEMS INC COM 17275R102 249 3638 SOLE 3638
CITIGROUP COM 172967101 1,872 42543 SOLE 42543
COCA COLA CO COM 191216100 3,393 70312 SOLE 70312
COLGATE PALMOLIVE COM 194162103 1,445 31574 SOLE 31574
CONOCO INC. CLASS B COM 208251405 489 17872 SOLE 17872
COSTCO COMPANIES COM 22160Q102 2,189 30400 SOLE 30400
DU PONT EI DE COM 263534109 1,394 23042 SOLE 23042
NEMOURS
DUN & BRADSTREET COM 264830100 2,524 84500 SOLE 84500
CORP
EXXON CORP COM 302290101 570 7500 SOLE 7500
ESTE LAUDER COM 518439104 4,033 103254 SOLE 103254
FIRST UNION CORP COM 337358105 1,069 30000 SOLE 30000
FBR ASSET MGMT. GR. COM 30241E303 761 45000 SOLE 45000
FPL GROUP INC COM 302571104 2,901 57598 SOLE 57598
FIRST WASHINGTON COM 337489504 859 40906 SOLE 40906
GANNETT INC COM 364730101 699 10100 SOLE 10100
GARTNER GROUP INC. COM 366651206 452 27111 SOLE 27111
GENERAL ELECTRIC CO COM 369604103 13,315 112303 SOLE 112303
GILLETTE CO COM 375766102 3,652 107618 SOLE 107618
HEALTH MANAGEMENT COM 421933102 1,813 233900 SOLE 233900
HEWLETT PACKARD CO COM 428236103 812 8950 SOLE 8950
IMS HEALTH INC COM 449934108 4,742 207250 SOLE 207250
INTEL CORP COM 458140100 446 6000 SOLE 6000
IPALCO ENTERPRISES COM 462613100 352 18108 SOLE 18108
INC
JOHNSON & JOHNSON COM 478160104 7,074 76991 SOLE 76991
ELI LILLY COM 532457108 513 8000 SOLE 8000
MARRIOTT INTL COM 571903202 5,989 183210 SOLE 183210
MERCK & CO INC COM 589331107 14,031 216480 SOLE 216480
MINNESOTA MNG & MFG COM 604059105 1,775 18480 SOLE 18480
CO
MOBIL CORP COM 607059102 8,048 79883 SOLE 79883
MONSANTO CO COM 611662107 678 19000 SOLE 19000
MONTANA POWER CO COM 612085100 493 16200 SOLE 16200
MORGAN JP & CO INC COM 616880100 1,482 12971 SOLE 12971
NATIONAL GOLF PPTYS. COM 63623G109 2,679 119075 SOLE 119075
NATIONWIDE HEALTH COM 638620104 2,958 177915 SOLE 177915
NIELSON MEDIA COM 653929307 1,507 40516 SOLE 40516
RESEARCH
PEPSICO INC COM 713448108 2,516 82500 SOLE 82500
PFIZER INC COM 717081103 3,882 108218 SOLE 108218
PIMCO ADVISORS COM 69338P102 15,234 483616 SOLE 483616
HOLDINGS
PNC BANK CORP COM 693475105 221 4200 SOLE 4200
PRENTISS PPTYS. COM 740706106 547 24644 SOLE 24644
PROCTER & GAMBLE CO COM 742718109 5,229 55976 SOLE 55976
PROVIDIAN COM 744061102 356 4500 SOLE 4500
PUBLIC STORAGE COM 74460D109 6,315 250703 SOLE 250703
RESOURCE AMERICA COM 761195205 260 35000 SOLE 35000
RELIANT ENERGY INC. COM 75952J108 438 16200 SOLE 1600
RH DONNELLY COM 74955W307 307 16470 SOLE 16470
SBC COMMUNICATIONS COM 78387G103 476 9316 SOLE 9316
SCHERING PLOUGH CORP COM 806605101 1,456 33372 SOLE 33372
SCHLUMBERGER LTD COM 806857108 4,221 67734 SOLE 67734
SERVICE MASTER COM 81760N109 1,630 101500 SOLE 101500
SUNTRUST BANKS INC COM 867914103 2,771 42150 SOLE 42150
SYSCO CORP. COM 871829107 1,785 50900 SOLE 50900
TEXACO INC COM 881694103 1,980 31368 SOLE 31368
TEXAS UTILITIES CO COM 882848104 1,398 37464 SOLE 37464
VODAFONE AIRTOUCH COM 92857T107 214 900 SOLE 900
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