UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 13F
FORM 13-F 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: Telegraph Hill Investment Counsel, LLC
Address: 444 Market Street, Suite 700
San Francisco, CA 94111
13F File Number: 28-7400
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: Edward J. Lorain
Title: Managing Member
Phone: 415-956-4500
Signature, Place and Date of Signing:
Edward J. Lorain San Francisco, CA October 7, 1999
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE
SECURITIES AND EXCHANGE ACT OF 1934.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 114
Form 13F Information Table Value Total: $171,474
List of Other Included Manager:
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<TABLE> <C> <C>
VALUE SHARES SH/ PU/
INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL
DISCRETN MANAGERS SOLE SHARED OTHER
AFLAC COM 001055102 1,296 30,950 SH
Sole 30,950
AFLAC COM 001055102 20 475 SH
Other 475
Abbott Laboratories COM 002824100 211 5,758 SH
Sole 5,758
Abbott Laboratories COM 002824100 712 19,400 SH
Other 19,400
Air Prod & Chem COM 009158106 441 15,080 SH
Sole 15,080
Air Prod & Chem COM 009158106 614 21,004 SH
Other 21,004
AlliedSignal COM 019512102 1,286 21,450 SH
Sole 21,450
AlliedSignal COM 019512102 48 800 SH
Other 800
Allstate Corp COM 020002101 1,040 41,696 SH
Sole 41,696
Allstate Corp COM 020002101 1,147 45,998 SH
Other 45,998
American General COM 026351106 550 8,700 SH
Sole 8,700
American General COM 026351106 324 5,125 SH
Other 5,125
American Home Prod COM 026609107 198 4,780 SH
Sole 4,780
American Home Prod COM 026609107 1,079 25,988 SH
Other 25,988
American Intl Grp COM 026874107 2,303 26,485 SH
Sole 26,485
American Intl Grp COM 026874107 1,661 19,109 SH
Other 19,109
Applied Materials COM 038222105 1,532 19,725 SH
Sole 19,725
Applied Materials COM 038222105 35 450 SH
Other 450
Automatic Data Processing COM 053015103 1,921 43,050 SH
Sole 43,050
Automatic Data Processing COM 053015103 553 12,400 SH
Other 12,400
BP Amoco Plc COM 055622104 1,093 9,862 SH
Sole 9,862
BP Amoco Plc COM 055622104 572 5,158 SH
Other 5,158
Bank One COM 06423A103 287 8,256 SH
Sole 8,256
Bank One COM 06423A103 174 5,000 SH
Other 5,000
Becton Dickinson COM 075887109 1,446 51,550 SH
Sole 51,550
Becton Dickinson COM 075887109 206 7,340 SH
Other 7,340
Bestfoods COM 08658U101 1,039 21,400 SH
Sole 21,400
Bestfoods COM 08658U101 1,451 29,878 SH
Other 29,878
Bristol-Myers Squibb COM 110122108 6,207 91,954 SH
Sole 91,954
Bristol-Myers Squibb COM 110122108 9,309 137,905 SH
Other 137,905
Carnival Corp COM 143658102 885 20,350 SH
Sole 20,350
Carnival Corp COM 143658102 26 600 SH
Other 600
Chevron Corp COM 166751107 2,161 24,352 SH
Sole 24,352
Chevron Corp COM 166751107 1,934 21,796 SH
Other 21,796
Cisco Systems COM 17275R102 1,552 22,642 SH
Sole 22,642
Cisco Systems COM 17275R102 173 2,524 SH
Other 2,524
Clayton Homes COM 184190106 670 77,120 SH
Sole 77,120
Clayton Homes COM 184190106 35 3,975 SH
Other 3,975
Corning COM 219350105 1,251 18,250 SH
Sole 18,250
Corning COM 219350105 2,132 31,100 SH
Other 31,100
Dionex Corp COM 254546104 694 16,236 SH
Sole 16,236
Dionex Corp COM 254546104 262 6,125 SH
Other 6,125
RR Donnelley & Sons COM 257867101 811 28,088 SH
Sole 28,088
RR Donnelley & Sons COM 257867101 2,124 73,545 SH
Other 73,545
Dover Corp COM 260003108 1,205 29,475 SH
Sole 29,475
Emerson Electric COM 291011104 1,957 30,970 SH
Sole 30,970
Emerson Electric COM 291011104 2,373 37,550 SH
Other 37,550
Enron Corp COM 293561106 1,339 32,600 SH
Sole 32,600
Enron Corp COM 293561106 127 3,094 SH
Other 3,094
Exxon Corp COM 302290101 1,754 23,082 SH
Sole 23,082
Exxon Corp COM 302290101 3,525 46,382 SH
Other 46,382
Fannie Mae COM 313586109 1,454 23,195 SH
Sole 23,195
Fannie Mae COM 313586109 172 2,750 SH
Other 2,750
Franklin Resources COM 354613101 1,086 35,550 SH
Sole 35,550
Franklin Resources COM 354613101 44 1,425 SH
Other 1,425
General Electric COM 369604103 7,529 63,501 SH
Sole 63,501
General Electric COM 369604103 10,261 86,545 SH
Other 86,545
Genuine Parts COM 372460105 321 12,084 SH
Sole 12,084
Genuine Parts COM 372460105 885 33,338 SH
Other 33,338
Hewlett-Packard COM 428236103 2,404 26,485 SH
Sole 26,485
Hewlett-Packard COM 428236103 5,200 57,298 SH
Other 57,298
Illinois Tool Works COM 452308109 1,292 17,325 SH
Sole 17,325
Illinois Tool Works COM 452308109 9 125 SH
Other 125
Intel Corp COM 458140100 2,744 36,928 SH
Sole 36,928
Intel Corp COM 458140100 1,012 13,625 SH
Other 13,625
Int'l Business Machines COM 459200101 2,420 20,004 SH
Sole 20,004
Int'l Business Machines COM 459200101 1,178 9,738 SH
Other 9,738
Johnson & Johnson COM 478160104 3,126 34,024 SH
Sole 34,024
Johnson & Johnson COM 478160104 4,015 43,700 SH
Other 43,700
Knight-Ridder COM 499040103 66 1,200 SH
Sole 1,200
Knight-Ridder COM 499040103 490 8,900 SH
Other 8,900
Lear Corp COM 521865105 868 24,675 SH
Sole 24,675
Lear Corp COM 521865105 25 700 SH
Other 700
MBNA Corp COM 55262L100 3,419 149,893 SH
Sole 149,893
MBNA Corp COM 55262L100 4,539 198,999 SH
Other 198,999
McGraw-Hill COM 580645109 169 3,500 SH
Sole 3,500
McGraw-Hill COM 580645109 536 11,070 SH
Other 11,070
Merck & Company COM 589331107 933 14,390 SH
Sole 14,390
Merck & Company COM 589331107 1,708 26,352 SH
Other 26,352
Microsoft Corp COM 594918104 1,478 16,320 SH
Sole 16,320
Microsoft Corp COM 594918104 362 4,000 SH
Other 4,000
J.P. Morgan COM 616880100 531 4,650 SH
Sole 4,650
J.P. Morgan COM 616880100 768 6,724 SH
Other 6,724
Newell Rubbermaid COM 651229106 832 29,125 SH
Sole 29,125
Newell Rubbermaid COM 651229106 115 4,025 SH
Other 4,025
Pall Corp COM 696429307 186 8,000 SH
Sole 8,000
Pall Corp COM 696429307 667 28,780 SH
Other 28,780
Pfizer COM 717081103 5,573 155,319 SH
Sole 155,319
Pfizer COM 717081103 9,533 265,683 SH
Other 265,683
Philip Morris Cos COM 718154107 1,537 44,945 SH
Sole 44,945
Philip Morris Cos COM 718154107 1,036 30,305 SH
Other 30,305
Procter & Gamble COM 742718109 2,291 24,434 SH
Sole 24,434
Procter & Gamble COM 742718109 4,857 51,804 SH
Other 51,804
Royal Dutch Pete COM 780257804 627 10,610 SH
Sole 10,610
Royal Dutch Pete COM 780257804 580 9,816 SH
Other 9,816
Safeway COM 786514208 1,098 28,840 SH
Sole 28,840
Safeway COM 786514208 34 900 SH
Other 900
Sara Lee COM 803111103 217 9,300 SH
Sole 9,300
Sara Lee COM 803111103 48 2,050 SH
Other 2,050
Schlumberger Ltd COM 806857108 1,349 21,650 SH
Sole 21,650
Schlumberger Ltd COM 806857108 250 4,005 SH
Other 4,005
Sears, Roebuck COM 812387108 38 1,224 SH
Sole 1,224
Sears, Roebuck COM 812387108 406 12,940 SH
Other 12,940
Service Corporation COM 817565104 118 11,175 SH
Sole 11,175
Solectron Corp COM 834182107 1,863 25,950 SH
Sole 25,950
Solectron Corp COM 834182107 122 1,700 SH
Other 1,700
SYSCO Corp COM 871829107 1,897 54,100 SH
Sole 54,100
SYSCO Corp COM 871829107 1,274 36,324 SH
Other 36,324
Union Pacific COM 907818108 338 7,040 SH
Sole 7,040
Union Pacific COM 907818108 447 9,293 SH
Other 9,293
Walgreen Company COM 931422109 2,553 100,600 SH
Sole 100,600
Walgreen Company COM 931422109 4,119 162,300 SH
Other 162,300
Wells Fargo COM 949746101 159 4,000 SH
Sole 4,000
Wells Fargo COM 949746101 521 13,140 SH
Other 13,140
</TABLE>
