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 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: Thomas E. Beach
Title: Managing Director
Phone: 610-225-1100
Signature, Place, and Date of Signing:
Thomas E. Beach Radnor, PA April 17, 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.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Mangers: 0
Form 13F Information Table Entry Total: 94
Form 13F Information Table Value Total: 212,543
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 1,196 34000 SOLE 34000
AC NEILSON COM 004833109 562 25000 SOLE 25000
AES CORP COM 00130H105 2,819 35800 SOLE 35800
ALLSTATE CORP COM 020002101 221 9270 SOLE 9270
AMEREN CORP COM 023608102 287 9270 SOLE 9270
AMERICAN HOME COM 026609107 1,290 24000 SOLE 24000
PRODUCTS CORP
AMERICAN INTL GROUP COM 026874107 2,425 22150 SOLE 22150
AMERICAN NATIONAL COM 028591105 1,179 20500 SOLE 20500
INSURANCE CO. TEXAS
ANHEUSER BUSCH COS COM 035229103 996 16000 SOLE 16000
INC.
ARCHSTONE CMMTY. TR. COM 039581103 667 33475 SOLE 33475
AUTOMATIC DATA COM 053015103 965 20000 SOLE 20000
PROCESS
AVALON BAY COMMUNIT. COM 053484101 4,028 109978 SOLE 109978
AVISTA CORP. COM 05379B107 440 10792 SOLE 10792
BP AMOCO PLC SPNOS COM 055622104 986 18522 SOLE 18522
ADR
BEST FOODS COM 08658U101 1,672 35725 SOLE 35725
BRADLEY REAL ESTATE COM 104580105 3,547 207858 SOLE 207858
BRISTOL MYERS SQUIBB COM 110122108 4,339 75840 SOLE 75840
BROOKFIELD PPTYS. COM 112900105 2,713 232100 SOLE 232100
CENTERPOINT PPTYS. COM 151895109 5,856 160721 SOLE 160721
CENTRAL PARKING COM 154785109 1,520 76000 SOLE 76000
CHATEAU COMMUNITITES COM 161726104 3,444 135073 SOLE 135073
CHESAPEAKE UTILITIES COM 165303108 387 22834 SOLE 22834
CORP
CHEVRON CORPORATION COM 166751107 1,886 20400 SOLE 20400
CHARTER ONE FINANCIALCOM 160903100 3,779 179949 SOLE 179949
CISCO SYSTEMS INC COM 17275R102 237 3066 SOLE 3066
CITIGROUP COM 172967101 337 5624 SOLE 5624
CLAYTON HOMES COM 184190106 821 81100 SOLE 81100
COCA COLA CO COM 191216100 2,362 50312 SOLE 50312
COLGATE PALMOLIVE COM 194162103 1,780 31574 SOLE 31574
COLUMBIA/HCA COM 197677107 3,131 123700 SOLE 123700
CONOCO INC. CLASS B COM 208251405 458 17872 SOLE 17872
COSTCO COMPANIES COM 22160Q102 3,185 60600 SOLE 60600
COTT CORP. COM 22163N106 348 61900 SOLE 61900
DU PONT EI DE COM 263534109 1,220 23042 SOLE 23042
NEMOURS
DUN & BRADSTREET COM 264830100 2,419 84500 SOLE 84500
CORP
ENCOMPASS SVCS.CORP. COM 29255U104 305 53125 SOLE 53125
EXXON/MOBIL CORP COM 30231G102 7,371 94571 SOLE 94571
ESTE LAUDER COM 518439104 2,656 53054 SOLE 53054
FIRST UNION CORP COM 337358105 1,117 30000 SOLE 30000
FPL GROUP INC COM 302571104 2,653 57598 SOLE 57598
FIRST WASHINGTON COM 337489504 713 38400 SOLE 38400
FORTUNE BRANDS COM 349631101 2,912 116500 SOLE 116500
GANNETT INC COM 364730101 711 10100 SOLE 10100
GENERAL ELECTRIC CO COM 369604103 11,696 75153 SOLE 75153
GILLETTE CO COM 375766102 1,707 45282 SOLE 45282
HEALTH MANAGEMENT COM 421933102 6,609 463800 SOLE 463800
HEALTHSOUTH CORP. COM 421924101 656 115400 SOLE 115400
HEALTHCARE REALTY COM 421946104 765 45700 SOLE 45700
HEWLETT PACKARD CO COM 428236103 1,189 8950 SOLE 8950
HORMEL FOOD COM 440452100 5,333 324470 SOLE 324470
IMS HEALTH INC COM 449934108 3,520 207850 SOLE 207850
INTEL CORP COM 458140100 792 6000 SOLE 6000
IPALCO ENTERPRISES COM 462613100 353 18108 SOLE 18108
INC
JOHNSON & JOHNSON COM 478160104 3,807 54191 SOLE 54191
ELI LILLY COM 532457108 250 4000 SOLE 4000
MARRIOTT INTL COM 571903202 5,894 187121 SOLE 187121
MASCO CORP. COM 574599106 4,296 209549 SOLE 209549
MERCK & CO INC COM 589331107 9,697 156082 SOLE 156082
MINNESOTA MNG & MFG COM 604059105 1,610 18180 SOLE 18180
CO
MODIS PROFESSIONAL COM 607830106 512 41400 SOLE 41400
SERVICES
MONSANTO CO COM 611662107 898 19000 SOLE 19000
MONTANA POWER CO COM 612085100 1,037 16200 SOLE 16200
MORGAN JP & CO INC COM 616880100 1,643 12471 SOLE 12471
NATIONAL GOLF PPTYS. COM 63623G109 2,508 119075 SOLE 119075
PARKWAY PROPERTIES COM 70159Q104 902 30630 SOLE 30630
PAYLESS SHOE SOURCE COM 704379106 2,150 41395 SOLE 41395
PEPSICO INC COM 713448108 2,877 82500 SOLE 82500
PFIZER INC COM 717081103 2,205 60318 SOLE 60318
PIMCO ADVISORS COM 69338P102 7,204 188024 SOLE 188024
HOLDINGS
PRENTISS PPTYS. COM 740706106 6,596 295620 SOLE 295620
PROCTER & GAMBLE CO COM 742718109 2,586 45776 SOLE 45776
PROVIDIAN COM 744061102 390 4500 SOLE 4500
PUBLIC STORAGE COM 74460D109 7,697 366503 SOLE 366503
QUORUM HEALTH GRP. COM 749084109 377 37500 SOLE 37500
RESOURCE AMERICA COM 761195205 1,004 138500 SOLE 138500
RELIANT ENERGY INC. COM 75952J108 382 16200 SOLE 1600
RH DONNELLY COM 74955W307 280 16470 SOLE 16470
SBC COMMUNICATIONS COM 78387G103 392 9316 SOLE 9316
SAFEWAY INC. COM 786514208 3,376 74600 SOLE 74600
SCHERING PLOUGH CORP COM 806605101 679 18277 SOLE 18277
SCHLUMBERGER LTD COM 806857108 5,182 67734 SOLE 67734
SECURITY CAP. US RTY COM 814136206 3,859 233900 SOLE 233900
SERVICE MASTER COM 81760N109 3,094 275010 SOLE 275010
STARWOOD FINANCIAL COM 85569R104 722 40950 SOLE 40950
SUNTRUST BANKS INC COM 867914103 829 14350 SOLE 14350
SUPERIOR COM 868146101 262 15600 SOLE 15600
CONSUTANTS HOLDINGS
SYSCO CORP. COM 871829107 1,839 50900 SOLE 50900
TELEFLEX COM 879369106 414 11700 SOLE 11700
TEXACO INC COM 881694103 1,686 31368 SOLE 31368
TEXAS UTILITIES CO COM 882848104 1,112 37464 SOLE 37464
TRANSOCEAN SEDCO FOR.COM G90078109 673 13106 SOLE 13106
UNUM PROVIDENT COM 91529Y106 840 49600 SOLE 49600
VODAFONE AIRTOUCH COM 92857T107 250 4500 SOLE 4500
WALMART STORES INC. COM 931142103 226 4000 SOLE 4000
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