UNITED STATES
SECURITIES AND EXCHANGE COMMSSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2000
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: Francis M. Reps, Investment Advisor
Address: 1201 Easy Street
Wickenburg, AZ 85390
13F file Number: 28-7362
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 ocmplete, 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: Terry Reps
Title: Assistant
Phone: 520-684-5334
Signature, Place, and Date of signing:
Terry Reps Wickenburg, Arizona April 17, 2000
Report Type (check only one):
[X] 13F HOLDING REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
List of other Managers Reporting for this Manager:
none
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
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FORM 13F INFORMATION TABLE
NUMBER OF ISSUER TITLE OF CLASS CUSIP VALUE SHARES/ SH/ INVSTMNT OTHER VOTING AUTHORITY
(X$1000) PRN AM PRN DISCREETN MANAGERS SOLE SHARED NONE
AMER INTL GRP. COM 026874107 657 6000 SH SOLE 6000
AMERICAN ONLINE COM 02364J104 203 3000 SH SOLE 3000
AT&T COM 001957109 988 17500 SH SOLE 17500
BRISTOL MYERS COM 110122108 452 7700 SH SOLE 7700
CISCO SYSTEM COM 17275R102 665 8600 SH SOLE 8600
CITIGROUP COM 172967101 777 13100 SH SOLE 13100
CLAYTON HOMES COM 184190106 698 85875 SH SOLE 85875
COCA COLA COM 191216100 453 9600 SH SOLE 9600
COMPAQ COM 204493100 2077 78000 SH SOLE78000
COMPUTER ASSOC COM 204912109 21083 356200 SH SOLE 356200
COMPUWARE CORP. COM 205638109 4729 224500 SH SOLE 224500
CONSECO COM 208464107 5021 439000 SH SOLE 439000
EXXON COM 30231G102 781 10000 SH SOLE10000
GENERAL ELECTRIC COM 369604103 2053 13200 SH SOLE 13200
HOME DEPOT COM 437076102 593 9200 SH SOLE 9200
HONEYWELL COM 438516106 527 10000 SH SOLE 10000
IBM COM 459200101 1003 8500 SH SOLE 8500
INTEL COM 458140100 9618 72900 SH SOLE 72900
IOWA BEEF PACKRS COM 449223106 5428 346000 SH SOLE 346000
JOHNSON & JOHNSON COM 478160104 399 5700 SH SOLE 5700
KROEGER COM 501044101 6110 343000 SH SOLE 343000
LILLY, ELI & CO. COM 532457108 945 15000 SH SOLE 15000
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NUMBER OF ISSUER TITLE OF CLASS CUSIP VALUE SHARES/ SH/ INVSTMNT OTHER VOTING AUTHORITY
(X$1000) PRN AM PRN DISCREETN MANAGERS SOLE SHARED NONE
LUCENT TECH COM 549463107 225 3700 SH SOLE 3700
MERCK & CO. COM 589331107 567 9100 SH SOLE 9100
MCI WORLDCOM COM 552688106 736 16250 SH SOLE 16250
MICROSOFT COM 594918104 2497 23500 SH SOLE 23500
MID ATLAN. MEDCAL COM 59523C107 2412 259000 SH SOLE 259000
MOTOROLA COM 620076109 598 4200 SH SOLE 4200
NOBLE DRILLING COM 655042109 2523 62000 SH SOLE 62000
NORTELL NEWORKS COM 656596100 214 1700 SH SOLE 1700
OFFSHORE INC. COM G90078109 9031 176000 SH SOLE 176000
PAN AMER. SAT. COM 697933109 13792 281100 SH SOLE 281100
PERMIAN BASIN COM 714236106 19691 4437000 SH SOLE 4437000
PFIZER INC. COM 717081103 710 19400 SH SOLE 19400
PHILIP MORRIS COM 718154107 7988 377000 SH SOLE 377000
PIM COM 746909100 278 47857 SH SOLE 47857
PROCTOR & GAMBLE COM 742718109 339 6000 SH SOLE 6000
RAYTHEON COM 755111309 1893 100000 SH SOLE 100000
RCM STRATEGIC GLBL COM 74936A101 78 9000 SH SOLE 9000
ROYAL DUTCH COM 780257804 505 8700 SH SOLE 8700
SAN JUAN RYLT. TR. COM 798241105 26882 2705000 SH SOLE 2705000
TYCO INTERNATNL. COM 902124106 848 21700 SH SOLE 21700
WALMART COM 931142103 938 16900 SH SOLE 16900
FORM 13F HOLDINGS REPORT
Report Summary:
Number of Other Included Managers: 0
Form 13F Table Entry Total: 2
Form 13F Information Value Total: $158,254,000
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