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 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.
<PAGE>
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
<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>
AC Neilson COM 004833109 550 25000 SH SOLE 25000
Abbott Labs COM 002824100 1515 34000 SH SOLE 34000
Ace Ltd. COM G0070K103 556 19850 SH SOLE 19850
Ameren Corp. COM 023608102 313 9270 SH SOLE 9270
American Home Products Corp. COM 026609107 1410 24000 SH SOLE 24000
American Intl. Group COM 026874107 2589 22036 SH SOLE 22036
American National Insurance Co COM 028591105 1045 20500 SH SOLE 20500
Anheuser Busch Cos. Inc. COM 035229103 1195 16000 SH SOLE 16000
Automatic Data Process COM 053015103 1071 20000 SH SOLE 20000
Avista Corp. COM 05379b107 188 10792 SH SOLE 10792
Avon Products Inc. COM 054303102 1077 24200 SH SOLE 24200
BP Amoco PLC SPNOS ADR COM 055622104 1048 18522 SH SOLE 18522
BestFoods COM 08658U101 2071 29905 SH SOLE 29905
Bristol Myers Squibb COM 110122108 1380 23690 SH SOLE 23690
Cardinal Health COM 14149Y108 4018 54300 SH SOLE 54300
Chesapeake Utilities Corp. COM 165303108 405 22834 SH SOLE 22834
Chevron Corporation COM 166751107 1730 20400 SH SOLE 20400
Clayton Homes COM 184190106 867 108400 SH SOLE 108400
Coca Cola Co. COM 191216100 2522 43907 SH SOLE 43907
Colgate Palmolive COM 194162103 766 12800 SH SOLE 12800
Conoco Inc. Class B COM 208251405 439 17872 SH SOLE 17872
DuPont EI DE Nemours COM 263534109 1008 23042 SH SOLE 23042
Dun & Bradstreet Corp. COM 264830100 1274 44500 SH SOLE 44500
Eli Lilly COM 532457108 399 4000 SH SOLE 4000
Este Lauder Companies Inc. A COM 518439104 208 4200 SH SOLE 4200
Exxon Mobil Corp. COM 30231G102 7424 94571 SH SOLE 94571
FPL Group Inc. COM 302571104 2851 57598 SH SOLE 57598
First Union Corp. COM 337358105 744 30000 SH SOLE 30000
Fortune Brands COM 349631101 1979 85800 SH SOLE 85800
Gannett Inc. COM 364730101 604 10100 SH SOLE 10100
General Electric COM 369604103 6744 127246 SH SOLE 127246
Gillette Co. COM 375766102 1503 43012 SH SOLE 43012
Health Management Associates COM 421933102 2362 180800 SH SOLE 180800
Hewlett-Packard Co. COM 428236103 737 5900 SH SOLE 5900
Hormel Food COM 440452100 4028 239605 SH SOLE 239605
IMS Health Inc. COM 449934108 3741 207850 SH SOLE 207850
Intel Corp. COM 458140100 401 3000 SH SOLE 3000
Ipalco Enterprises Inc. COM 462613100 364 18108 SH SOLE 18108
Johnson & Johnson COM 478160104 1200 11775 SH SOLE 11775
Marriott International Inc.Cla COM 571903202 2384 66121 SH SOLE 66121
Masco Corp. COM 574599106 2772 153449 SH SOLE 153449
Merck & Co. Inc. COM 589331107 4717 61564 SH SOLE 61564
Minnesota Mining & Mfg. Co. COM 604059105 1500 18180 SH SOLE 18180
Montana Power Co. COM 612085100 572 16200 SH SOLE 16200
Morgan JP & Co. Inc. COM 616880100 900 8174 SH SOLE 8174
Payless Shoe Source COM 704379106 1391 27142 SH SOLE 27142
Pepsico Inc. COM 713448108 4975 111950 SH SOLE 111950
Pharmacia Corporation COM 71713U102 982 19000 SH SOLE 19000
Procter & Gamble COM 742718109 707 12343 SH SOLE 12343
Providan COM 744061102 405 4500 SH SOLE 4500
RH Donnelly COM 74955w307 319 16470 SH SOLE 16470
Reliant Energy Inc. COM 75952j108 479 16200 SH SOLE 16200
Safeway Inc. COM 786514208 2461 54700 SH SOLE 54700
Schering Plough Corp. COM 806605101 367 7277 SH SOLE 7277
Schlumberger COM 806857108 5055 67734 SH SOLE 67734
Servicemaster Co. COM 81760N109 1814 159510 SH SOLE 159510
Suntrust Banks Inc. COM 867914103 656 14350 SH SOLE 14350
Tenet Healthcare COM 88033G100 3877 143600 SH SOLE 143600
Texaco Inc. COM 881694103 1670 31368 SH SOLE 31368
Texas Utilities COM 882848104 1105 37464 SH SOLE 37464
The Healthcare Company COM 404119109 3961 130400 SH SOLE 130400
Transocean Sedco Forex COM G90078109 700 13106 SH SOLE 13106
Wal Mart Stores Inc. COM 931142103 230 4000 SH SOLE 4000
XL Capital Ltd Cl A COM G98255105 3329 61500 SH SOLE 61500
AMLI RESIDNTL PPTYS TR SH BEN COM 001735109 631 26800 SH SOLE 26800
Archstone Communities Trust COM 039581103 442 21000 SH SOLE 21000
Arden Realty COM 039793104 1323 56300 SH SOLE 56300
Avalon Bay Communities COM 053484101 3372 80757 SH SOLE 80757
BRANDYWINE RLTY TR SH BEN INT COM 105368203 1501 78500 SH SOLE 78500
Bradley Real Estate COM 104580105 3138 147240 SH SOLE 147240
Brookfield Properties COM 112900105 4533 340500 SH SOLE 83500 257000
CAMDEN PPTY TR SH BEN INT COM 133131102 1469 50000 SH SOLE 50000
CenterPoint Properties COM 151895109 3464 85000 SH SOLE 85000
Chateau Communities Inc. COM 161726104 2491 88183 SH SOLE 88183
Equity Residential Properties COM 29476L107 506 11000 SH SOLE 11000
First Washington COM 337489504 1370 62100 SH SOLE 62100
GREAT LAKES REIT INC COM COM 390752103 1404 82600 SH SOLE 82600
GROVE PPTY TR SH BEN INT COM 399613108 1137 70000 SH SOLE 70000
Healthcare Realty COM 421946104 1365 80004 SH SOLE 80004
JP REALTY INC COM COM 46624A106 342 19200 SH SOLE 19200
KOGER EQUITY INC COM COM 500228101 1164 69000 SH SOLE 69000
Liberty Properties COM 531172104 1288 49667 SH SOLE 49667
MACK CALI RLTY CORP COM COM 554489104 514 20000 SH SOLE 20000
National Golf Properties COM 63623G109 1691 80030 SH SOLE 80030
New Plan Realty COM 648053106 741 57000 SH SOLE 57000
PACIFIC GULF PPTYS INC COM COM 694396102 1554 62000 SH SOLE 62000
PAN PACIFIC RETAIL COM COM 69806L104 1459 72500 SH SOLE 72500
Post Properties COM 737464107 704 16000 SH SOLE 16000
Prentiss Properties COM 740706106 5760 240020 SH SOLE 49400 190620
Public Storage COM 74460D109 7809 333203 SH SOLE 64500 268703
Security Capital US Realty COM 814136206 2387 134500 SH SOLE 134500
Starwood Financial COM 85569R104 1684 80442 SH SOLE 80442
UNITED DOMINION RLTYTR COM COM 910197102 880 80000 SH SOLE 80000
WASHINGTON R EST IN TR SH BEN COM 939653101 240 13400 SH SOLE 13400
</TABLE>
