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 Manager Filing this Report:
Name: CornerCap Investment Counsel, Inc.
Address: The Peachtree, Suite 1700
1355 Peachtree Street, N.E.
Atlanta, Georgia 30309
Form 13F File Number: 28- 7208
---------
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.Quinn
Title: President
Phone: (404) 870-0100
Signature, Place, and Date of Signing:
/s/ Thomas E. Quinn Atlanta, Georgia 11/8/99
_____________________ ___________________________ ___________________
[Signature] [City, State] [Date]
Report Type (Check one only):
[X] 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).)
List of Other Managers Reporting for this Manager:
NONE
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: None
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Form 13F Information Table Entry Total: 192
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Form 13F Information Table Value Total: $ 225,710,101.64
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List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file nember(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.]
NONE
<PAGE>
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<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------- -------------- ----------- ------------- ---------------------- ----------- -------- --------------------
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------- -------------- ----------- ------------- ---------------------- ----------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Abaxis Inc COM 002567105 134,100.00 29,800 SH SOLE 29,800
Abitibi-Consolidated COM 003924107 1,078,990.62 89,450 SH SOLE 89,450
Inc.
ABM Inds Inc COM 000957100 1,163,443.75 45,850 SH SOLE 45,850
ACME Metals COM 004724100 28,999.00 61,700 SH SOLE 61,700
Agribiotech Inc Nev COM 008494106 48,750.00 12,000 SH SOLE 12,000
Alcan Aluminium COM 013716105 2,167,187.50 69,350 SH SOLE 69,350
Alexander & Baldwin COM 014482103 934,706.25 39,150 SH SOLE 39,150
Allied Products Corp. COM 019411107 185,000.00 46,250 SH SOLE 46,250
AMBAC, Inc. COM 023139108 355,312.50 7,500 SH SOLE 7,500
Amcast Industrial COM 023395106 1,425,103.12 107,050 SH SOLE 107,050
Ametek COM 031100100 2,701,929.69 136,375 SH SOLE 136,375
Amgen, Inc. COM 031162100 211,900.00 2,600 SH SOLE 2,600
Anchor Gaming COM 033037102 2,427,600.00 40,800 SH SOLE 40,800
Anheuser-Busch Cos. COM 035229103 2,874,244.00 41,024 SH SOLE 41,024
Applied Power Inc. COM 038225108 664,483.50 21,876 SH SOLE 21,876
Arrow Intl Inc COM 042764100 804,579.69 31,475 SH SOLE 31,475
Arvin Ind. COM 043339100 1,150,101.56 37,175 SH SOLE 37,175
Ashland Inc. COM 044204105 260,593.75 7,750 SH SOLE 7,750
AXA Financial Inc COM 002451102 1,435,776.56 25,725 SH SOLE 25,725
Ball Corp COM 058498106 2,130,421.87 48,350 SH SOLE 48,350
Bank of New York COM 064057102 823,097.50 24,616 SH SOLE 24,616
Bausch & Lomb Inc COM 071707103 1,714,375.00 26,000 SH SOLE 26,000
BB&T Corp COM 054937107 359,945.25 11,118 SH SOLE 11,118
Bear Stearns COM 073902108 1,986,757.50 51,688 SH SOLE 51,688
Biomatrix Inc COM 09060P102 3,643,289.06 162,375 SH SOLE 162,375
Blair Corp. COM 092828102 637,143.75 36,150 SH SOLE 36,150
Boeing Co. COM 097023105 2,098,215.62 49,225 SH SOLE 49,225
Bowne & Co. COM 103043105 525,012.50 43,300 SH SOLE 43,300
Briggs & Stratton COM 109043109 3,959,284.37 67,825 SH SOLE 67,825
Corp.
British Awys PLC ADR COM 110419306 1,288,168.75 22,550 SH SOLE 22,550
Building Materials COM 120113105 328,000.00 32,800 SH SOLE 32,800
Bull Run Corp GA COM 120182100 82,687.50 21,000 SH SOLE 21,000
Butler Mfg Co COM 123655102 393,750.00 15,000 SH SOLE 15,000
Cade Inds Inc COM 127382109 80,168.75 25,400 SH SOLE 25,400
Canandaigua Wine Inc COM 137219200 1,290,600.00 21,600 SH SOLE 21,600
CL A
Carlisle Cos Inc COM 142339100 632,000.00 16,000 SH SOLE 16,000
Carpenter Technology COM 144285103 257,862.50 10,525 SH SOLE 10,525
Caterpillar Inc COM 149123101 3,613,514.06 65,925 SH SOLE 65,925
CCB Financial Corp. COM 124875105 416,083.50 9,996 SH SOLE 9,996
Centex Constrctn Prods COM 15231R109 681,243.75 18,350 SH SOLE 18,350
Champion Enterprises COM 158496109 504,450.00 56,050 SH SOLE 56,050
Chubb Corp. COM 171232101 693,211.62 13,969 SH SOLE 13,969
Cisco Systems Inc. COM 17275r102 287,962.50 4,200 SH SOLE 4,200
Clarcor Inc COM 179895107 466,126.56 27,725 SH SOLE 27,725
Comerica Inc. COM 200340107 1,049,962.50 20,740 SH SOLE 20,740
Commercial Metals COM 201723103 894,843.75 31,125 SH SOLE 31,125
Compaq Computer Corp. COM 204493100 1,625,017.12 71,039 SH SOLE 71,039
Cordant Tech Inc COM 218412104 1,155,103.12 37,950 SH SOLE 37,950
Countrywide Credit COM 222372104 759,616.57 23,554 SH SOLE 23,554
Crane Co. COM 224399105 2,187,588.94 97,497 SH SOLE 97,497
Culp Inc. COM 230215105 547,375.00 75,500 SH SOLE 75,500
Dain Rauscher Corp COM 233856103 1,044,925.00 21,325 SH SOLE 21,325
Delphi Auto Systems COM 247126105 356,924.86 22,221 SH SOLE 22,221
Deluxe Corp. COM 248019101 977,500.00 28,750 SH SOLE 28,750
Deucalion Research Inc. COM 251468104 0.00 115,000 SH SOLE 115,000
Dexterity Surgical Inc COM 252368105 30,875.00 26,000 SH SOLE 26,000
DTE Energy Co. COM 233331107 1,278,581.25 35,150 SH SOLE 35,150
Duke Energy Corp COM 264399106 203,962.50 3,700 SH SOLE 3,700
Eaton Corp. COM 278058102 2,375,751.56 27,525 SH SOLE 27,525
Edwards, AG Inc COM 281760108 973,738.62 36,919 SH SOLE 36,919
EI Dupont COM 263534109 638,396.00 10,552 SH SOLE 10,552
Enesco Group Inc COM 292973104 442,415.62 28,775 SH SOLE 28,775
Ensco Intl Inc COM 26874Q100 1,116,262.50 61,800 SH SOLE 61,800
Exxon COM 302290101 631,332.00 8,307 SH SOLE 8,307
Ezcony Interamerica COM G3287M102 1,710.00 17,100 SH SOLE 17,100
F M C Corp. COM 302491303 1,919,143.75 39,775 SH SOLE 39,775
Fedders Corp. COM 313135105 2,754,000.00 459,000 SH SOLE 459,000
First Union COM 337358105 592,301.25 16,626 SH SOLE 16,626
FirstEnergy Corp COM 337932107 2,401,017.19 94,855 SH SOLE 94,855
Flowserve Corp. COM 34354P105 1,398,162.50 84,100 SH SOLE 84,100
Fluor Corp COM 343861100 1,203,475.00 29,900 SH SOLE 29,900
Footstar Inc COM 344912100 434,315.25 12,321 SH SOLE 12,321
Ford Motor Co. COM 345370100 3,570,262.50 71,050 SH SOLE 71,050
GenCorp COM 368682100 1,360,618.75 74,300 SH SOLE 74,300
General Electric COM 369604103 409,752.00 3,456 SH SOLE 3,456
General Motors COM 370442105 2,488,800.50 39,544 SH SOLE 39,544
Gentner Commun COM 37245J105 180,800.00 22,600 SH SOLE 22,600
Glatfelter Co., P.H. COM 377316104 316,421.87 19,250 SH SOLE 19,250
Gleason Corp COM 377339106 933,589.00 54,917 SH SOLE 54,917
Goodrich BF Co COM 382388106 1,155,940.00 39,860 SH SOLE 39,860
GTE Corp. COM 362320103 453,562.50 5,900 SH SOLE 5,900
Gtech Holdings Corp COM 400518106 1,111,534.37 51,850 SH SOLE 51,850
Harland John H. Co. COM 412693103 2,286,821.87 117,650 SH SOLE 117,650
Harman Intl Inds COM 413086109 1,199,832.81 28,525 SH SOLE 28,525
Hasbro, Inc. COM 418056107 1,063,712.50 49,475 SH SOLE 49,475
Haverty Furniture Inc COM 419596101 894,650.00 61,700 SH SOLE 61,700
Health Mgmt Sys Inc COM 42219M100 2,119,925.00 446,300 SH SOLE 446,300
HealthSouth Corp. COM 421924101 1,663,090.62 271,525 SH SOLE 271,525
Huffy Corp. COM 444356109 1,109,209.37 112,325 SH SOLE 112,325
IBM COM 459200101 4,493,246.19 37,134 SH SOLE 37,134
IBP, Inc. COM 449223106 1,484,953.12 60,150 SH SOLE 60,150
ICN Pharmaceutical COM 448924100 1,916,406.25 111,500 SH SOLE 111,500
Innerdyne Inc COM 45764D102 84,500.00 26,000 SH SOLE 26,000
Integral Sys Inc MD COM 45810H107 201,250.00 7,000 SH SOLE 7,000
Intel Corp. COM 458140100 386,435.78 5,200 SH SOLE 5,200
International Aluminum COM 458884103 974,334.37 35,350 SH SOLE 35,350
International Paper COM 460146103 1,026,951.44 21,367 SH SOLE 21,367
ITT Educational Svcs COM 45068B109 1,443,975.00 74,050 SH SOLE 74,050
ITT Industries Inc. COM 450911102 2,351,261.87 73,910 SH SOLE 73,910
Johnson & Johnson COM 478160104 241,171.87 2,625 SH SOLE 2,625
Johnson Controls Inc COM 478366107 3,930,673.44 59,275 SH SOLE 59,275
Jones Apparel Group Inc COM 480074103 487,830.01 16,968 SH SOLE 16,968
K Mart Corp. COM 482584109 583,206.25 49,900 SH SOLE 49,900
Kaman Corp. Cl. A COM 483548103 624,087.00 48,948 SH SOLE 48,948
Kellwood Co. COM 488044108 1,497,650.00 68,075 SH SOLE 68,075
Key Corp. COM 493267108 969,052.88 37,542 SH SOLE 37,542
Key Energy Group Inc. COM 492914106 81,468.75 16,500 SH SOLE 16,500
Kimberly Clark COM 494368103 1,321,387.50 25,050 SH SOLE 25,050
Koninklijke Philips COM 500472204 3,042,120.00 30,120 SH SOLE 30,120
Electronic
Kulicke & Soffa Indus COM 501242101 906,856.25 37,300 SH SOLE 37,300
Lafarge Corp. COM 505862102 834,400.00 26,075 SH SOLE 26,075
Lamson & Sessions Co. COM 513696104 494,109.37 95,250 SH SOLE 95,250
Laser Vision Ctrs Inc COM 51807H100 179,600.00 12,800 SH SOLE 12,800
Lincoln National Corp. COM 534187109 845,531.87 22,510 SH SOLE 22,510
Loews Corporation COM 540424108 714,157.81 10,175 SH SOLE 10,175
LSI Logic Corp COM 502161102 2,120,300.00 40,775 SH SOLE 40,775
MagneTek Inc COM 559424106 892,185.94 99,825 SH SOLE 99,825
Mallinckrodt Inc New COM 561232109 2,920,640.62 96,750 SH SOLE 96,750
Manitowoc Inc. COM 563571108 1,284,874.50 37,652 SH SOLE 37,652
Maytag Corp. COM 578592107 1,905,475.00 57,200 SH SOLE 57,200
McCormick & Co COM 579780206 922,443.75 27,900 SH SOLE 27,900
Media Arts Group Inc COM 58439C102 53,250.00 12,000 SH SOLE 12,000
Merck & Company COM 589331107 653,180.37 10,078 SH SOLE 10,078
Merrill Lynch & Co. COM 590188108 2,229,438.75 33,090 SH SOLE 33,090
Microsoft Corp. COM 594918104 326,930.62 3,610 SH SOLE 3,610
Moog Inc CL A COM 615394202 909,562.50 31,500 SH SOLE 31,500
Morgan Stanley Dean COM 617446448 1,313,196.75 14,724 SH SOLE 14,724
Witter Dis
Morgan, JP & Co. COM 616880100 1,000,373.00 8,756 SH SOLE 8,756
MTS Sys Corp COM 553777103 1,039,056.25 100,150 SH SOLE 100,150
National Service COM 637657107 2,761,762.50 87,675 SH SOLE 87,675
Industries, I
Newport Corp COM 651824104 1,635,068.75 98,350 SH SOLE 98,350
Norsk Hydro AS COM 656531605 1,205,075.00 28,025 SH SOLE 28,025
Sponsored ADR
Nortek Inc COM 656559101 383,053.12 11,225 SH SOLE 11,225
Northwest Airlines COM 667280101 999,600.00 39,200 SH SOLE 39,200
Corp CL A
NPC Intl COM 629360306 1,459,687.50 129,750 SH SOLE 129,750
Nstar COM 67019e107 476,625.00 12,300 SH SOLE 12,300
Oakwood Homes COM 674098108 1,037,700.00 230,600 SH SOLE 230,600
Ohio Casualty COM 677240103 359,437.50 21,300 SH SOLE 21,300
OMI Corp. COM Y6476W104 155,864.06 60,825 SH SOLE 60,825
Orthodontic Ctrs of COM 68750P103 1,157,850.00 66,400 SH SOLE 66,400
Amer
Paccar Inc. COM 693718108 2,700,953.75 53,090 SH SOLE 53,090
Pacific Century Fincl COM 694058108 1,109,756.25 54,300 SH SOLE 54,300
Corp
Parker Drilling Co COM 701081101 837,578.12 188,750 SH SOLE 188,750
Pfizer, Inc. COM 717081103 678,037.50 18,900 SH SOLE 18,900
Phelps Dodge Corp. COM 717265102 1,446,216.56 26,265 SH SOLE 26,265
Philip Morris COM 718154107 2,482,462.78 72,613 SH SOLE 72,613
Piccadilly Cafeterias COM 719567109 463,968.75 70,700 SH SOLE 70,700
Plantronics Inc COM 727493108 1,865,625.00 37,500 SH SOLE 37,500
Polaris Inds Inc COM 731068102 3,523,959.37 101,775 SH SOLE 101,775
PPG Industries Inc. COM 693506107 2,780,700.00 46,345 SH SOLE 46,345
Pulte Corp. COM 745867101 744,937.50 34,250 SH SOLE 34,250
Quaker Chem Corp COM 747316107 889,853.12 53,525 SH SOLE 53,525
Quanex corp COM 747620102 1,076,250.00 42,000 SH SOLE 42,000
Ralcorp Holdings COM 751028101 1,089,992.19 61,625 SH SOLE 61,625
Reebok International COM 758110100 135,731.25 12,700 SH SOLE 12,700
Ltd
Reliant Energy COM 75952j108 1,662,178.75 61,420 SH SOLE 61,420
Repsol - YPF ADR COM 76026T205 1,454,440.62 72,950 SH SOLE 72,950
Republic New York COM 760719104 233,462.50 3,800 SH SOLE 3,800
Reynolds Metals COM 761763101 368,287.50 6,100 SH SOLE 6,100
Rockwell International COM 773903109 1,118,250.00 21,300 SH SOLE 21,300
Ryerson Tull Inc COM 78375P107 1,527,406.25 66,050 SH SOLE 66,050
SAFECO Corp. COM 786429100 382,200.00 13,650 SH SOLE 13,650
Simpson Inds. Inc. COM 829060102 616,734.37 55,750 SH SOLE 55,750
SLM Holding Corp COM 78442A109 3,113,716.00 72,412 SH SOLE 72,412
Soligen Tech Inc Ec Com COM 83423G109 42,750.00 114,000 SH SOLE 114,000
Southdown, Inc. COM 841297104 4,358,003.00 81,458 SH SOLE 81,458
Springs Industries COM 851783100 729,792.00 21,504 SH SOLE 21,504
Sprint Corp PCS Ser 1 COM 852061506 786,485.25 10,548 SH SOLE 10,548
Standex International COM 854231107 2,270,916.00 84,108 SH SOLE 84,108
Corp.
Steel Tech. Inc. COM 858147101 585,318.75 50,350 SH SOLE 50,350
Superior Industries Intl. COM 868168105 642,600.00 22,950 SH SOLE 22,950
TBC Corp COM 872180104 1,177,237.89 170,075 SH SOLE 170,075
Telefonos de Mexico COM 879403780 2,119,046.25 29,741 SH SOLE 29,741
Tenet Healthcare Corp COM 88033G100 827,193.75 47,100 SH SOLE 47,100
Timken Co. COM 887389104 645,403.12 40,025 SH SOLE 40,025
Toll Brothers Inc. COM 889478103 2,005,375.00 105,200 SH SOLE 105,200
Toro Co. COM 891092108 846,543.75 22,650 SH SOLE 22,650
Total Research COM 891511107 78,343.75 23,000 SH SOLE 23,000
True North Comm COM 897844106 1,824,206.25 50,150 SH SOLE 50,150
TRW Inc COM 872649108 1,623,093.75 32,625 SH SOLE 32,625
U S Home & Garden COM 902939107 31,387.50 12,400 SH SOLE 12,400
Unifirst Corp Mass COM 904708104 514,937.50 37,450 SH SOLE 37,450
Union Carbide Corp. COM 905581104 1,694,432.81 29,825 SH SOLE 29,825
Universal Corporation COM 913456109 770,034.37 29,475 SH SOLE 29,475
UST, Inc. COM 902911106 1,111,141.50 36,808 SH SOLE 36,808
USX-U.S. Steel Group COM 90337T101 2,029,743.75 78,825 SH SOLE 78,825
VF Corp. COM 918204108 1,694,925.00 54,675 SH SOLE 54,675
Vulcan Material Company COM 929160109 1,384,425.00 37,800 SH SOLE 37,800
Washington Fed Inc COM 938824109 1,786,075.16 77,028 SH SOLE 77,028
Webb (Del) Corp COM 947423109 757,900.00 34,450 SH SOLE 34,450
Wolohan Lumber COM 977865104 458,250.00 35,250 SH SOLE 35,250
WPI Group Inc COM 92930K107 33,600.00 11,200 SH SOLE 11,200
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REPORT SUMMARY 192 DATA RECORDS $225,710,101.64 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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