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 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
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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 2/8/00
-------------------------- ----------------------- -----------
[Signature] [City, State] [Date]
Report Type (Check only one.):
[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: 195
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Form 13F Information Table Value Total: $ 246,685
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List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(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
-2-
<PAGE>
FORM 13F INFORMATION TABLE
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<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) 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 231 29,800 SH SOLE 29,800
Abitibi-Consolidated Inc COM 003924107 1,009 84,950 SH SOLE 84,950
ABM Inds Inc COM 000957100 728 35,750 SH SOLE 35,750
ACME Metals COM 004724100 16 61,700 SH SOLE 61,700
Agribiotech Inc Nev COM 008494106 64 27,000 SH SOLE 27,000
Alcan Aluminium COM 013716105 2,590 62,600 SH SOLE 62,600
Alexander & Baldwin COM 014482103 703 30,800 SH SOLE 30,800
AMBAC, Inc. COM 023139108 570 10,925 SH SOLE 10,925
Amcast Industrial COM 023395106 1,365 83,375 SH SOLE 83,375
Ametek COM 031100100 2,232 117,075 SH SOLE 117,075
Amgen, Inc. COM 031162100 312 5,200 SH SOLE 5,200
Anchor Gaming COM 033037102 1,666 38,350 SH SOLE 38,350
Andrew Corp COM 034425108 2,380 125,675 SH SOLE 125,675
Anheuser-Busch Cos. COM 035229103 2,443 34,474 SH SOLE 34,474
Applied Power Inc. COM 038225108 717 19,504 SH SOLE 19,504
Arrow Intl Inc COM 042764100 869 29,975 SH SOLE 29,975
Arvin Ind. COM 043339100 964 33,975 SH SOLE 33,975
Ashland Inc. COM 044204105 485 14,731 SH SOLE 14,731
AT&T COM 001957109 242 4,762 SH SOLE 4,762
AXA Financial Inc COM 002451102 1,671 49,150 SH SOLE 49,150
Ball Corp COM 058498106 1,896 48,150 SH SOLE 48,150
Bank of America COM 060505104 201 4,012 SH SOLE 4,012
Bank of New York COM 064057102 829 20,716 SH SOLE 20,716
Bausch & Lomb Inc COM 071707103 1,790 26,150 SH SOLE 26,150
BB&T Corp COM 054937107 304 11,118 SH SOLE 11,118
Bear Stearns COM 073902108 1,828 42,768 SH SOLE 42,768
Biomatrix Inc COM 09060P102 2,908 151,075 SH SOLE 151,075
Blair Corp. COM 092828102 317 22,650 SH SOLE 22,650
Boeing Co. COM 097023105 2,105 50,800 SH SOLE 50,800
Bowne & Co. COM 103043105 327 24,200 SH SOLE 24,200
Briggs & Stratton Corp COM 109043109 3,203 59,725 SH SOLE 59,725
British Awys PLC ADR COM 110419306 1,368 21,250 SH SOLE 21,250
Building Materials COM 120113105 319 31,100 SH SOLE 31,100
Butler Mfg Co COM 123655102 289 12,950 SH SOLE 12,950
Canandaigua Wine Inc CL A COM 137219200 1,219 23,900 SH SOLE 23,900
Carlisle Cos Inc COM 142339100 531 14,750 SH SOLE 14,750
Carpenter Technology COM 144285103 222 8,075 SH SOLE 8,075
Caterpillar Inc COM 149123101 3,081 65,475 SH SOLE 65,475
CCB Financial Corp. COM 124875105 329 7,548 SH SOLE 7,548
Centex Constrctn Prods COM 15231R109 1,131 29,000 SH SOLE 29,000
Champion Enterprises COM 158496109 656 77,205 SH SOLE 77,205
Chubb Corp. COM 171232101 407 7,219 SH SOLE 7,219
Cincinnati Financial Corp. COM 172062101 1,023 32,786 SH SOLE 32,786
Cisco Systems Inc. COM 17275r102 998 9,313 SH SOLE 9,313
Clarcor Inc COM 179895107 539 29,925 SH SOLE 29,925
Coca Cola Co. COM 191216100 270 4,627 SH SOLE 4,627
Comerica Inc. COM 200340107 940 20,140 SH SOLE 20,140
Commercial Metals COM 201723103 1,056 31,125 SH SOLE 31,125
Compaq Computer Corp. COM 204493100 1,779 65,739 SH SOLE 65,739
Cordant Tech Inc COM 218412104 1,284 38,900 SH SOLE 38,900
Correctional Services Corp COM 219921103 61 14,000 SH SOLE 14,000
Countrywide Credit COM 222372104 379 15,005 SH SOLE 15,005
Crane Co. COM 224399105 1,772 89,172 SH SOLE 89,172
Culp Inc. COM 230215105 501 79,400 SH SOLE 79,400
Dain Rauscher Corp COM 233856103 1,044 22,450 SH SOLE 22,450
Delphi Auto Systems COM 247126105 167 10,576 SH SOLE 10,576
Deluxe Corp. COM 248019101 748 27,250 SH SOLE 27,250
Deucalion Research Inc. COM 251468104 0 115,000 SH SOLE 115,000
<PAGE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------ -------------- -------- -------- ------- --- ---- ---------- -------- ---- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Dexterity Surgical Inc COM 252368105 34 26,000 SH SOLE 26,000
DTE Energy Co. COM 233331107 1,412 44,650 SH SOLE 44,650
Eaton Corp. COM 278058102 1,768 24,350 SH SOLE 24,350
Edison International COM 281020107 215 8,200 SH SOLE 8,200
Edwards, AG Inc COM 281760108 1,156 36,044 SH SOLE 36,044
EI Dupont COM 263534109 667 10,120 SH SOLE 10,120
Enesco Group Inc COM 292973104 329 29,775 SH SOLE 29,775
Ensco Intl Inc COM 26874Q100 1,308 57,200 SH SOLE 57,200
Exxon Mobile Corp COM 30231g102 915 11,355 SH SOLE 11,355
Ezcony Interamerica COM G3287M102 2 20,100 SH SOLE 20,100
F M C Corp. COM 302491303 2,159 37,675 SH SOLE 37,675
Fedders Corp. COM 313135105 2,431 442,000 SH SOLE 442,000
First Union COM 337358105 577 17,526 SH SOLE 17,526
FirstEnergy Corp COM 337932107 2,100 92,553 SH SOLE 92,553
Flowserve Corp. COM 34354P105 1,340 78,825 SH SOLE 78,825
Fluor Corp COM 343861100 1,323 28,850 SH SOLE 28,850
Footstar Inc COM 344912100 351 11,496 SH SOLE 11,496
Ford Motor Co. COM 345370100 3,438 64,480 SH SOLE 64,480
GenCorp COM 368682100 530 53,700 SH SOLE 53,700
General Electric COM 369604103 767 4,956 SH SOLE 4,956
General Motors COM 370442105 2,809 38,644 SH SOLE 38,644
Gentner Commun COM 37245J105 288 20,600 SH SOLE 20,600
Glatfelter Co., P.H. COM 377316104 272 18,700 SH SOLE 18,700
Gleason Corp COM 377339106 1,272 54,700 SH SOLE 54,700
Goodrich BF Co COM 382388106 1,657 60,245 SH SOLE 60,245
GTE Corp. COM 362320103 443 6,275 SH SOLE 6,275
Gtech Holdings Corp COM 400518106 1,136 51,650 SH SOLE 51,650
Harland John H. Co. COM 412693103 2,054 112,150 SH SOLE 112,150
Harman Intl Inds COM 413086109 1,511 26,925 SH SOLE 26,925
Hasbro, Inc. COM 418056107 985 52,025 SH SOLE 52,025
Haverty Furniture Inc COM 419596101 910 72,100 SH SOLE 72,100
Health Mgmt Sys Inc COM 42219M100 2,721 431,000 SH SOLE 431,000
HealthSouth Corp. COM 421924101 2,156 401,075 SH SOLE 401,075
Hewlett Packard COM 428236103 310 2,725 SH SOLE 2,725
Home Depot COM 437076102 272 3,950 SH SOLE 3,950
Huffy Corp. COM 444356109 106 20,150 SH SOLE 20,150
Huttig Building Prod Inc COM 448451104 105 21,350 SH SOLE 21,350
IBM COM 459200101 4,004 37,115 SH SOLE 37,115
IBP, Inc. COM 449223106 1,144 63,550 SH SOLE 63,550
ICN Pharmaceutical COM 448924100 2,813 111,125 SH SOLE 111,125
Innerdyne Inc COM 45764D102 91 26,000 SH SOLE 26,000
Integral Sys Inc MD COM 45810H107 304 6,900 SH SOLE 6,900
Intel Corp. COM 458140100 461 5,600 SH SOLE 5,600
International Aluminum COM 458884103 768 32,700 SH SOLE 32,700
International Paper COM 460146103 1,186 21,017 SH SOLE 21,017
ITT Educational Svcs COM 45068B109 1,878 121,650 SH SOLE 121,650
ITT Industries Inc. COM 450911102 2,476 74,035 SH SOLE 74,035
Johnson & Johnson COM 478160104 287 3,075 SH SOLE 3,075
Johnson Controls Inc COM 478366107 3,108 54,650 SH SOLE 54,650
Jones Apparel Group Inc COM 480074103 491 18,093 SH SOLE 18,093
K Mart Corp. COM 482584109 552 54,850 SH SOLE 54,850
<PAGE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------ -------------- -------- -------- ------- --- ---- ---------- -------- ---- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Kaman Corp. Cl. A COM 483548103 586 45,500 SH SOLE 45,500
Kellwood Co. COM 488044108 1,258 64,725 SH SOLE 64,725
Key Corp. COM 493267108 555 25,092 SH SOLE 25,092
Key Energy Group Inc. COM 492914106 86 16,500 SH SOLE 16,500
Kimberly Clark COM 494368103 1,613 24,650 SH SOLE 24,650
Koninklijke Philips COM 500472204 3,500 25,924 SH SOLE 25,924
Electronic
Kulicke & Soffa Indus COM 501242101 1,462 34,350 SH SOLE 34,350
Lafarge Corp. COM 505862102 760 27,525 SH SOLE 27,525
Lamson & Sessions Co. COM 513696104 192 39,300 SH SOLE 39,300
Laser Vision Ctrs Inc COM 51807H100 135 12,800 SH SOLE 12,800
Lincoln National Corp. COM 534187109 922 23,060 SH SOLE 23,060
Loews Corporation COM 540424108 570 9,400 SH SOLE 9,400
LSI Logic Corp COM 502161102 2,318 34,338 SH SOLE 34,338
Lucent Tech COM 549463107 279 3,722 SH SOLE 3,722
Mallinckrodt Inc New COM 561232109 2,839 89,250 SH SOLE 89,250
Manitowoc Inc. COM 563571108 1,255 36,902 SH SOLE 36,902
Maytag Corp. COM 578592107 4,212 87,740 SH SOLE 87,740
McCormick & Co COM 579780206 824 27,700 SH SOLE 27,700
Media Arts Group Inc COM 58439C102 41 12,000 SH SOLE 12,000
Merck & Company COM 589331107 753 11,203 SH SOLE 11,203
Merrill Lynch & Co. COM 590188108 2,703 32,440 SH SOLE 32,440
Microsoft Corp. COM 594918104 602 5,160 SH SOLE 5,160
Moog Inc CL A COM 615394202 678 25,100 SH SOLE 25,100
Morgan Stanley Dean Witter COM 617446448 681 4,774 SH SOLE 4,774
Dis
Morgan, JP & Co. COM 616880100 1,071 8,456 SH SOLE 8,456
Motorola, Inc. COM 620076109 201 1,363 SH SOLE 1,363
MTS Sys Corp COM 553777103 756 97,600 SH SOLE 97,600
National Service COM 637657107 2,712 91,925 SH SOLE 91,925
Industries, I
Newport Corp COM 651824104 3,504 76,600 SH SOLE 76,600
Norsk Hydro AS Sponsored COM 656531605 1,140 26,675 SH SOLE 26,675
ADR
Northwest Airlines Corp COM 667280101 746 33,550 SH SOLE 33,550
CL A
NPC Intl COM 629360306 818 103,900 SH SOLE 103,900
Nstar COM 67019e107 529 13,050 SH SOLE 13,050
Ohio Casualty COM 677240103 783 48,750 SH SOLE 48,750
Orthodontic Ctrs of Amer COM 68750P103 911 76,325 SH SOLE 76,325
Paccar Inc. COM 693718108 2,272 51,277 SH SOLE 51,277
Pacific Century Fincl Corp COM 694058108 861 46,100 SH SOLE 46,100
Pfizer, Inc. COM 717081103 613 18,900 SH SOLE 18,900
Phelps Dodge Corp. COM 717265102 1,454 21,575 SH SOLE 21,575
Philip Morris COM 718154107 1,592 69,232 SH SOLE 69,232
Plantronics Inc COM 727493108 3,025 42,275 SH SOLE 42,275
Polaris Inds Inc COM 731068102 3,796 104,725 SH SOLE 104,725
<PAGE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------ -------------- -------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------ -------------- -------- -------- ------- --- ---- ---------- -------- ---- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PPG Industries Inc. COM 693506107 2,865 45,795 SH SOLE 45,795
Pulte Corp. COM 745867101 771 34,250 SH SOLE 34,250
Quaker Chem Corp COM 747316107 582 40,825 SH SOLE 40,825
Quanex corp COM 747620102 654 25,650 SH SOLE 25,650
Ralcorp Holdings COM 751028101 1,123 56,350 SH SOLE 56,350
Regions Finc Corp COM 758940100 209 8,307 SH SOLE 8,307
Reliant Energy COM 75952j108 1,371 59,920 SH SOLE 59,920
Repsol - YPF ADR COM 76026T205 1,525 65,586 SH SOLE 65,586
Reynolds Metals COM 761763101 467 6,100 SH SOLE 6,100
Rockwell International COM 773903109 917 19,150 SH SOLE 19,150
Ryerson Tull Inc COM 78375P107 730 37,550 SH SOLE 37,550
SAFECO Corp. COM 786429100 284 11,400 SH SOLE 11,400
Simpson Inds. Inc. COM 829060102 587 52,150 SH SOLE 52,150
SLM Holding Corp COM 78442A109 2,950 69,812 SH SOLE 69,812
Soligen Tech Inc Ec Com COM 83423G109 38 114,000 SH SOLE 114,000
Southdown, Inc. COM 841297104 4,137 80,126 SH SOLE 80,126
Springs Industries COM 851783100 717 17,954 SH SOLE 17,954
Sprint Corp PCS Ser 1 COM 852061506 921 8,983 SH SOLE 8,983
Standex International Corp.COM 854231107 1,365 65,208 SH SOLE 65,208
Steel Tech. Inc. COM 858147101 724 49,950 SH SOLE 49,950
Superior Industries Intl. COM 868168105 615 22,950 SH SOLE 22,950
TBC Corp COM 872180104 1,070 171,275 SH SOLE 171,275
Telefonos de Mexico COM 879403780 3,023 26,873 SH SOLE 26,873
Tenet Healthcare Corp COM 88033G100 1,191 50,700 SH SOLE 50,700
Timken Co. COM 887389104 739 36,150 SH SOLE 36,150
Toll Brothers Inc. COM 889478103 2,068 111,050 SH SOLE 111,050
Toro Co. COM 891092108 825 22,100 SH SOLE 22,100
Total Research COM 891511107 174 23,000 SH SOLE 23,000
True North Comm COM 897844106 836 18,700 SH SOLE 18,700
TRW Inc COM 872649108 2,074 39,925 SH SOLE 39,925
U S Home & Garden COM 902939107 35 12,400 SH SOLE 12,400
Unifirst Corp Mass COM 904708104 455 36,000 SH SOLE 36,000
Union Carbide Corp. COM 905581104 1,857 27,825 SH SOLE 27,825
Universal Corporation COM 913456109 635 27,825 SH SOLE 27,825
UST, Inc. COM 902911106 951 37,758 SH SOLE 37,758
USX-U.S. Steel Group COM 90337T101 2,461 74,575 SH SOLE 74,575
VF Corp. COM 918204108 2,026 67,525 SH SOLE 67,525
Vulcan Material Company COM 929160109 1,156 28,950 SH SOLE 28,950
Wachovia Corp. COM 929771103 1,771 26,050 SH SOLE 26,050
Washington Fed Inc COM 938824109 1,473 74,585 SH SOLE 74,585
Webb (Del) Corp COM 947423109 877 35,250 SH SOLE 35,250
Wolohan Lumber COM 977865104 416 34,350 SH SOLE 34,350
WPI Group Inc COM 92930K107 27 11,200 SH SOLE 11,200
Xerox Corp. COM 984121103 2,240 98,750 SH SOLE 98,750
REPORT SUMMARY 195 DATA RECORDS $246,685 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
