UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 13F
FORM 13-F COVER PAGE
Report for the Calendar Year or Quarter Ended:
June 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 July 6, 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: 117
Form 13F Information Table Value Total: $173,876
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 979 20,450 SH
Sole 979
AFLAC COM 001055102 23 475 SH
Other 23
Abbott Laboratories COM 002824100 241 5,308 SH
Sole 241
Abbott Laboratories COM 002824100 880 19,400 SH
Other 880
Air Prod & Chem COM 009158106 607 15,080 SH
Sole 607
Air Prod & Chem COM 009158106 845 21,004 SH
Other 845
AlliedSignal COM 019512102 1,260 20,000 SH
Sole 1,260
AlliedSignal COM 019512102 50 800 SH
Other 50
Allstate Corp COM 020002101 1,331 37,096 SH
Sole 1,331
Allstate Corp COM 020002101 1,512 42,148 SH
Other 1,512
American General COM 026351106 656 8,700 SH
Sole 656
American General COM 026351106 341 4,525 SH
Other 341
American Home Prod COM 026609107 281 4,903 SH
Sole 281
American Home Prod COM 026609107 1,491 25,988 SH
Other 1,491
American Intl Grp COM 026874107 1,930 16,458 SH
Sole 1,930
American Intl Grp COM 026874107 1,950 16,633 SH
Other 1,950
Applied Materials COM 038222105 975 13,200 SH
Sole 975
Applied Materials COM 038222105 33 450 SH
Other 33
BP Amoco Plc COM 055622104 985 9,080 SH
Sole 985
BP Amoco Plc COM 055622104 560 5,158 SH
Other 560
Bank One COM 06423A103 492 8,256 SH
Sole 492
Bank One COM 06423A103 280 4,701 SH
Other 280
Becton Dickinson COM 075887109 1,096 36,525 SH
Sole 1,096
Becton Dickinson COM 075887109 220 7,340 SH
Other 220
Bestfoods COM 08658U101 1,000 20,200 SH
Sole 1,000
Bestfoods COM 08658U101 1,548 31,278 SH
Other 1,548
Boeing Company COM 097023105 343 7,800 SH
Sole 343
Boeing Company COM 097023105 759 17,243 SH
Other 759
Bristol-Myers Squibb COM 110122108 6,212 88,184 SH
Sole 6,212
Bristol-Myers Squibb COM 110122108 9,502 134,901 SH
Other 9,502
Carnival Corp COM 143658102 672 13,850 SH
Sole 672
Carnival Corp COM 143658102 29 600 SH
Other 29
Chevron Corp COM 166751107 2,362 24,852 SH
Sole 2,362
Chevron Corp COM 166751107 2,119 22,296 SH
Other 2,119
Cisco Systems COM 17275R102 1,159 17,992 SH
Sole 1,159
Cisco Systems COM 17275R102 150 2,324 SH
Other 150
Clayton Homes COM 184190106 838 73,245 SH
Sole 838
Clayton Homes COM 184190106 97 8,450 SH
Other 97
Corning COM 219350105 1,287 18,350 SH
Sole 1,287
Corning COM 219350105 2,111 30,100 SH
Other 2,111
Dionex Corp COM 254546104 658 16,236 SH
Sole 658
Dionex Corp COM 254546104 248 6,125 SH
Other 248
RR Donnelley & Sons COM 257867101 1,065 28,728 SH
Sole 1,065
RR Donnelley & Sons COM 257867101 2,629 70,941 SH
Other 2,629
Dover Corp COM 260003108 946 27,025 SH
Sole 946
Emerson Electric COM 291011104 1,757 27,920 SH
Sole 1,757
Emerson Electric COM 291011104 2,363 37,550 SH
Other 2,363
Enron Corp COM 293561106 987 12,075 SH
Sole 987
Enron Corp COM 293561106 126 1,547 SH
Other 126
Exxon Corp COM 302290101 1,626 21,082 SH
Sole 1,626
Exxon Corp COM 302290101 3,732 48,382 SH
Other 3,732
Fannie Mae COM 313586109 1,061 15,545 SH
Sole 1,061
Fannie Mae COM 313586109 188 2,750 SH
Other 188
Franklin Resources COM 354613101 1,071 26,350 SH
Sole 1,071
Franklin Resources COM 354613101 58 1,425 SH
Other 58
General Electric COM 369604103 6,992 61,876 SH
Sole 6,992
General Electric COM 369604103 9,774 86,499 SH
Other 9,774
Genuine Parts COM 372460105 570 16,292 SH
Sole 570
Genuine Parts COM 372460105 1,167 33,338 SH
Other 1,167
Hewlett-Packard COM 428236103 2,338 23,260 SH
Sole 2,338
Hewlett-Packard COM 428236103 5,758 57,298 SH
Other 5,758
Illinois Tool Works COM 452308109 1,310 16,025 SH
Sole 1,310
Illinois Tool Works COM 452308109 10 125 SH
Other 10
Intel Corp COM 458140100 1,971 33,126 SH
Sole 1,971
Intel Corp COM 458140100 787 13,225 SH
Other 787
Int'l Business Machines COM 459200101 2,586 20,004 SH
Sole 2,586
Int'l Business Machines COM 459200101 1,259 9,738 SH
Other 1,259
Johnson & Johnson COM 478160104 3,003 30,644 SH
Sole 3,003
Johnson & Johnson COM 478160104 4,400 44,900 SH
Other 4,400
Knight-Ridder COM 499040010 77 1,400 SH
Sole 77
Knight-Ridder COM 499040010 490 8,900 SH
Other 490
Lear Corp COM 521865105 1,098 22,075 SH
Sole 1,098
Lear Corp COM 521865105 35 700 SH
Other 35
MBNA Corp COM 55262L100 3,928 128,250 SH
Sole 3,928
MBNA Corp COM 55262L100 6,228 203,331 SH
Other 6,228
McGraw-Hill COM 580645109 189 3,500 SH
Sole 189
McGraw-Hill COM 580645109 597 11,070 SH
Other 597
Merck & Company COM 589331107 1,067 14,490 SH
Sole 1,067
Merck & Company COM 589331107 1,940 26,352 SH
Other 1,940
Microsoft Corp COM 594918104 1,468 16,280 SH
Sole 1,468
Microsoft Corp COM 594918104 361 4,000 SH
Other 361
J.P. Morgan COM 616880100 653 4,650 SH
Sole 653
J.P. Morgan COM 616880100 945 6,724 SH
Other 945
Newell Rubbermaid COM 651229106 1,209 26,075 SH
Sole 1,209
Newell Rubbermaid COM 651229106 217 4,675 SH
Other 217
Pall Corp COM 696429307 178 8,000 SH
Sole 178
Pall Corp COM 696429307 639 28,780 SH
Other 639
Pfizer COM 717081103 5,462 50,113 SH
Sole 5,462
Pfizer COM 717081103 9,004 82,601 SH
Other 9,004
Philip Morris Cos COM 718154107 1,509 37,545 SH
Sole 1,509
Philip Morris Cos COM 718154107 1,278 31,805 SH
Other 1,278
Procter & Gamble COM 742718109 2,134 23,913 SH
Sole 2,134
Procter & Gamble COM 742718109 4,780 53,554 SH
Other 4,780
Royal Dutch Pete COM 780257804 639 10,610 SH
Sole 639
Royal Dutch Pete COM 780257804 602 9,984 SH
Other 602
Safeway COM 786514208 1,175 23,745 SH
Sole 1,175
Safeway COM 786514208 45 900 SH
Other 45
Sara Lee COM 803111103 211 9,300 SH
Sole 211
Sara Lee COM 803111103 47 2,050 SH
Other 47
Schlumberger Ltd COM 806857108 1,302 20,450 SH
Sole 1,302
Schlumberger Ltd COM 806857108 255 4,005 SH
Other 255
Sears, Roebuck COM 812387108 55 1,224 SH
Sole 55
Sears, Roebuck COM 812387108 577 12,940 SH
Other 577
Service Corporation COM 817565104 253 13,125 SH
Sole 253
Service Corporation COM 817565104 25 1,300 SH
Other 25
Solectron Corp COM 834182107 1,252 18,775 SH
Sole 1,252
Solectron Corp COM 834182107 113 1,700 SH
Other 113
SYSCO Corp COM 871829107 1,459 48,950 SH
Sole 1,459
SYSCO Corp COM 871829107 1,083 36,324 SH
Other 1,083
Union Pacific COM 907818108 411 7,040 SH
Sole 411
Union Pacific COM 907818108 542 9,293 SH
Other 542
Walgreen Company COM 931422109 2,979 101,400 SH
Sole 2,979
Walgreen Company COM 931422109 4,533 154,300 SH
Other 4,533
Wells Fargo COM 949746101 171 4,000 SH
Sole 171
Wells Fargo COM 949746101 562 13,140 SH
Other 562
Transocean Offshore COM G90076103 430 16,375 SH
Sole 430
Transocean Offshore COM G90076103 23 875 SH
Other 23
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