UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 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 January 10, 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: 85
Form 13F Information Table Value Total: 239,413
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 1,235 34000 SOLE 34000
AC NEILSON COM 004833109 616 25000 SOLE 25000
AES CORP COM 00130H105 3,536 47300 SOLE 47300
ALLSTATE CORP COM 020002101 223 9270 SOLE 9270
AMEREN CORP COM 023608102 304 9270 SOLE 9270
AMERICAN GENERAL COM 026351106 243 3200 SOLE 3200
CORP
AMERICAN HOME COM 026609107 942 24000 SOLE 24000
PRODUCTS CORP
AMERICAN INTL GROUP COM 026874107 3,053 28238 SOLE 28238
AMERICAN NATIONAL COM 028591105 1,307 20500 SOLE 20500
INSURANCE CO. TEXAS
ANHEUSER BUSCH COS COM 035229103 1,134 16000 SOLE 16000
INC.
ARCHSTONE CMMTY. TR. COM 039581103 586 28600 SOLE 28600
AUTOMATIC DATA COM 053015103 1077 20000 SOLE 20000
PROCESS
AVALON BAY COMMUNIT. COM 053484101 3,808 109978 SOLE 109978
AVISTA CORP. COM 05379B107 167 10792 SOLE 10792
BANK AMERICA COM 06605F102 1,870 37263 SOLE 37263
BP AMOCO PLC SPNOS COM 055622104 1,099 18522 SOLE 18522
ADR
BEST FOODS COM 08658U101 1,878 35725 SOLE 35725
BRADLEY REAL ESTATE COM 104580105 3,625 207858 SOLE 207858
BRISTOL MYERS SQUIBB COM 110122108 7,904 123140 SOLE 123140
CENTERPOINT PPTYS. COM 151895109 5,846 160721 SOLE 160721
CHATEAU COMMUNITITES COM 161726104 3,503 135073 SOLE 135073
CHESAPEAKE UTILITIES COM 165303108 420 22834 SOLE 22834
CORP
CHEVRON CORPORATION COM 166751107 4,106 47400 SOLE 47400
CHARTER ONE FINANCIALCOM 160903100 5,695 262604 SOLE 262604
CISCO SYSTEMS INC COM 17275R102 207 1933 SOLE 1933
CITIGROUP COM 172967101 2,229 40024 SOLE 40024
COCA COLA CO COM 191216100 4,096 70312 SOLE 70312
COLGATE PALMOLIVE COM 194162103 2,052 31574 SOLE 31574
CONOCO INC. CLASS B COM 208251405 445 17872 SOLE 17872
COSTCO COMPANIES COM 22160Q102 2,774 30400 SOLE 30400
DU PONT EI DE COM 263534109 1,518 23042 SOLE 23042
NEMOURS
DUN & BRADSTREET COM 264830100 2,493 84500 SOLE 84500
CORP
EXXON CORP COM 302290101 595 7500 SOLE 7500
ESTE LAUDER COM 518439104 5,208 103254 SOLE 103254
FIRST UNION CORP COM 337358105 988 30000 SOLE 30000
FPL GROUP INC COM 302571104 2,466 57598 SOLE 57598
FIRST WASHINGTON COM 337489504 718 38400 SOLE 38400
GANNETT INC COM 364730101 824 10100 SOLE 10100
GENERAL ELECTRIC CO COM 369604103 16,178 104545 SOLE 104545
GILLETTE CO COM 375766102 1,865 45282 SOLE 45282
HEALTH MANAGEMENT COM 421933102 6,203 463800 SOLE 463800
HEWLETT PACKARD CO COM 428236103 1,018 8950 SOLE 8950
HORMEL FOOD COM 440452100 5,413 133235 SOLE 133235
IMS HEALTH INC COM 449934108 5,651 207850 SOLE 207850
INTEL CORP COM 458140100 494 6000 SOLE 6000
IPALCO ENTERPRISES COM 462613100 309 18108 SOLE 18108
INC
JOHNSON & JOHNSON COM 478160104 8,065 86491 SOLE 86491
ELI LILLY COM 532457108 532 8000 SOLE 8000
LUCENT TECHNOLOGY COM 549463107 230 3062 SOLE 3062
MARRIOTT INTL COM 571903202 7,484 237121 SOLE 237121
MERCK & CO INC COM 589331107 14,511 215980 SOLE 215980
MINNESOTA MNG & MFG COM 604059105 1,809 18480 SOLE 18480
CO
MOBIL CORP COM 607059102 12,286 79883 SOLE 79883
MODIS PROFESSIONAL COM 607830106 1,952 137000 SOLE 137000
SERVICES
MONSANTO CO COM 611662107 673 19000 SOLE 19000
MONTANA POWER CO COM 612085100 584 16200 SOLE 16200
MORGAN JP & CO INC COM 616880100 1,642 12971 SOLE 12971
NATIONAL GOLF PPTYS. COM 63623G109 2,352 119075 SOLE 119075
PARKWAY PROPERTIES COM 70159Q104 576 20000 SOLE 20000
PAYLESS SHOE SOURCE COM 704379106 1,946 41395 SOLE 41395
PEPSICO INC COM 713448108 2,908 82500 SOLE 82500
PFIZER INC COM 717081103 3,510 108218 SOLE 108218
PIMCO ADVISORS COM 69338P102 15,212 403646 SOLE 483646
HOLDINGS
PRENTISS PPTYS. COM 740706106 6,319 295620 SOLE 295620
PROCTER & GAMBLE CO COM 742718109 6,111 55776 SOLE 55776
PROVIDIAN COM 744061102 410 4500 SOLE 4500
PUBLIC STORAGE COM 74460D109 8,449 372403 SOLE 372403
RESOURCE AMERICA COM 761195205 1,091 138500 SOLE 138500
RELIANT ENERGY INC. COM 75952J108 371 16200 SOLE 1600
RH DONNELLY COM 74955W307 311 16470 SOLE 16470
SBC COMMUNICATIONS COM 78387G103 454 9316 SOLE 9316
SCHERING PLOUGH CORP COM 806605101 1,414 33372 SOLE 33372
SCHLUMBERGER LTD COM 806857108 3,802 67734 SOLE 67734
SERVICE MASTER COM 81760N109 3,386 275010 SOLE 275010
STARWOOD FINANCIAL COM 85569R104 691 40950 SOLE 40950
SUNTRUST BANKS INC COM 867914103 1,180 17150 SOLE 17150
SYSCO CORP. COM 871829107 2,014 50900 SOLE 50900
TEXACO INC COM 881694103 1,704 31368 SOLE 31368
TEXAS UTILITIES CO COM 882848104 1,332 37464 SOLE 37464
VODAFONE AIRTOUCH COM 92857T107 223 4500 SOLE 4500
WALMART STORES INC. COM 931142103 276 4000 SOLE 4000
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