FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 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: First Fiduciary Investment Counsel, Inc.
Address: 1375 East Ninth Street
Suite #2450
Cleveland, Ohio 44114
13F File Number: 28- 7360
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: Vernon P. Essi
Title: President
Phone: (216) 623-7700
Signature, Place, and Date of Signing:
Cleveland, Ohio March 8, 1999
[Signature] [City, State] Date
Report Typle [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).)
FORM 13F SUMMARY PAGE
Report for the Calendar Year or Quarter Ended: March 31, 1999
a. Other Included Managers 0
b. Information Table Entry Total 49
c. Information Table Value Total $ 534,764
List of Other Included Managers None
<TABLE>
<S> <C> <C> <C> <S> <C> <S>
FORM 13 F (SEC USE ONLY)
Quarter Ending March 31, 1999 Name of Reporting Manager First Fiduciary Investment Counsel, Inc.
Fair MarkeShares oInvestment Discretion Voting Authority
(Share
Title of Value Principal Shared a Shared
Name of Issuer Class CUSIP # (thousands Amount Sole Defined Other Managers Sole Shared None
ANHEUSER-BUSCH Common 035229103 1,524 20,025 X N/A X
ASSOCIATED FIRST CAPITAL CORP CLCommon 046008108 1,974 43,862 X N/A X
CARPENTER TECH Common 144285103 11,488 442,922 X N/A X
CHEVRON Common 166751107 5,560 62,650 X N/A X
CINERGY CORP. Common 172474108 659 23,952 X N/A X
CUMMINS ENGINE Common 231021106 21,279 598,350 X N/A X
DOW CHEMICAL Common 260543103 12,960 139,078 X N/A X
DUN & BRADSTREET Common 26483B106 4,480 125,767 X N/A X
DUPONT DE NEMOURS Common 263534109 3,701 63,750 X N/A X
ENGELHARD CORP Common 292845104 14,698 867,755 X N/A X
EXXON CORP Common 302290101 6,262 88,745 X N/A X
FOSTER WHEELER CORP Common 350244109 13,0861,079,22 X N/A X
GENCORP INC Common 268682100 11,917 662,050 X N/A X
GENERAL MILLS Common 370334104 6,537 86,510 X N/A X
GENERAL MOTORS Common 370442105 11,954 137,407 X N/A X
GENUINE PARTS Common 372460105 20,136 698,849 X N/A X
GOODRICH, B F Common 382388106 25,449 741,680 X N/A X
HARRIS CORP Common 413875105 458 16,000 X N/A X
HEINZ HJ COMPANY Common 423074103 637 13,440 X N/A X
HOSPITALITY PROPERTIES, INC. Common 44106M102 8,128 300,350 X N/A X
INTL BUS. MACHINES Common 459200101 2,886 16,283 X N/A X
KEYSPAN ENERGY CORP. Common 49337K106 675 26,875 X N/A X
KIMBERLY CLARK Common 494368103 23,945 499,510 X N/A X
LUBRIZOL CORP Common 549271104 26,8011,191,16 X N/A X
MCN CORP. Common 55267J100 12,269 763,850 X N/A X
MINNESOTA MING/MFG Common 604059105 20,892 295,290 X N/A X
MORGAN J.P. CO. Common 616880100 20,912 169,500 X N/A X
NEWELL RUBBERMAID INC Common 651192106 13,309 280,194 X N/A X
OGDEN Common 676346109 23,427 973,608 X N/A X
OGE ENERGY Common 670837103 467 20,716 X N/A X
PALL CORP Common 696429307 560 33,800 X N/A X
PENNEY, J C CO. Common 708160106 28,565 705,310 X N/A X
PHARMACIA & UPJOHN Common 416941109 3,722 59,670 X N/A X
PHILLIP-MORRIS Common 718154107 9,015 256,195 X N/A X
PHILLIPS PETROLEUM Common 718507106 18,235 385,920 X N/A X
R H DONNELLEY Common 74955W307 525 33,992 X N/A X
READERS DIGEST ASSN CL A Common 755267101 7,267 231,155 X N/A X
RELIANT ENERGY Common 75952J108 709 27,200 X N/A X
SPX CORPORATION Common 784635104 2,167 42,962 X N/A X
STARWOOD HOTELS Common 85590AZ03 1,218 42,650 X N/A X
TECO ENERGY Common 872375100 5,163 259,780 X N/A X
TENNECO Common 88037E101 18,930 677,591 X N/A X
UNION CAMP CORP Common 905530101 21,335 317,842 X N/A X
UNITED DOMINION REALTY TR INC. Common 910197102 3,110 303,462 X N/A X
USX MARATHON Common 902905827 26,997 981,710 X N/A X
USX STEEL Common 90337T101 16,156 687,478 X N/A X
WESTVACO Common 961548104 13,715 653,100 X N/A X
WEYERHAEUSER CO Common 962166104 14,446 260,290 X N/A X
WHIRLPOOL CORP Common 963320106 14,461 265,950 X N/A X
</TABLE>
