FIDUCIARY FINANCIAL SERVICES OF THE SOUTHWEST INC /TX
13F-HR, 2000-08-09
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

Form 13F

Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended:  06-30-00

Check here if Amendment (  ); Amendment Number:
	This Amendment (Check only one):  (  ) is a restatement.
					      (  ) adds new holdings entries.

Institutional Investment Manager Filing this Report:

	Fiduciary Financial Services of the Southwest, Inc.
	12222 Merit Drive, Suite 920
	Dallas, TX  75251-2268

Form 13F File Number :	28-7732

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:	Sondra J. Wilson
Title:	Senior Vice President
Phone:	972-934-9070

Signature, Place, and Date of Signing:

Sondra J. Wilson               Dallas, TX              August 8, 2000

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




Form 13F SUMMARY PAGE


Report Summary:

Number of Other Included Managers:            		0

Form 13F Information Table Entry Total:	      103

Form 13F Information Table Value Total:	  132,139

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.

	None









<TABLE>                        <C>                                          <C>
                                                             FORM 13F INFORMATION TABLE
                               TITLE                       VALUE    SHS OR                  INVESTMENT OTHER     VOTING AUTHORITY
NAME OF ISSUER                 OF CLASS       CUSIP       (X $1000) PRN AMT SH/PRN PUT/CALL DISCRETION MANAGERS  SOLE  SHARED  NONE

A C M Govt Securities          COM            000914 10 1  1,302   185,947 SH               SOLE                185,947
A C M Govt Spectrum            COM            000917 10 4    507    87,251 SH               SOLE                 87,251
AT&T Corporation               COM            001957 10 9    633    20,015 SH               SOLE                 20,015
AT&T Corp                      COM WIRLES GRP 001957 40 6    375    13,450 SH               SOLE                 13,450
Abbott Laboratories            COM            002824 10 0  1,034    23,210 SH               SOLE                 23,210
Agilent Technologies           COM            00846U 10 1  2,701    36,630 SH               SOLE                 36,630
Allmerica Securities           SH BEN INT     019921 10 5    492    51,427 SH               SOLE                 51,427
America Online Inc             COM            02364J 10 4    671    12,740 SH               SOLE                 12,740
Amerigas Partners LP           UNIT L P INT   030975 10 6    584    34,630 SH               SOLE                 34,630
Amgen, Inc                     COM            031162 10 0  4,811    68,480 SH               SOLE                 68,480
Arden Realty Group             COM            039793 10 4    411    17,500 SH               SOLE                 17,500
Atmel Corp                     COM            049513 10 4    210     5,700 SH               SOLE                  5,700
BP Amoco                       SPON ADR       055622 10 4    425     7,520 SH               SOLE                  7,520
Bell Atlantic Corp             COM            077853 10 9    226     4,454 SH               SOLE                  4,454
Bellsouth Corporation          COM            079860 10 2  1,777    41,678 SH               SOLE                 41,678
Blackrock Adv. Term 2005       COM            09247A 10 1    571    62,975 SH               SOLE                 62,975
Blackrock Broad Inv 2009       COM            09247Q 10 6    660    57,395 SH               SOLE                 57,395
Blockbuster Inc                CL A           093679 10 8    194    20,000 SH               SOLE                 20,000
Buckeye Partners LP            UNIT LTD PARTN 118230 10 1    229     8,545 SH               SOLE                  8,545
Chase Manhattan Corp           COM            16161A 10 8  1,682    36,523 SH               SOLE                 36,523
Cisco Systems                  COM            17275R 10 2  4,646    73,100 SH               SOLE                 73,100
CitiGroup, Inc.                COM            172967 10 1  1,862    30,900 SH               SOLE                 30,900
Coca Cola                      COM            191216 10 0  1,386    24,130 SH               SOLE                 24,130
Compaq Computer                COM            204493 10 0    447    17,500 SH               SOLE                 17,500
Corning Inc                    COM            219350 10 5    216       800 SH               SOLE                    800
Crescent Real Estate Equities  COM            225756 10 5    759    37,038 SH               SOLE                 37,038
Crescent Real Est Eq Covt Pfd  PFD CV A 6.75% 225756 20 4    774    49,535 SH               SOLE                 49,535
Dell Computer                  COM            247025 10 9    960    19,465 SH               SOLE                 19,465
Diamonds Trades                UNIT SER 1     252787 10 6  1,133    10,859 SH               SOLE                 10,859
Dominion Resources             COM            25746U 10 9    743    17,324 SH               SOLE                 17,324
Duke Energy Corp               COM            264399 10 6    564    10,004 SH               SOLE                 10,004
EMC Corp                       COM            268648 10 2    662     8,610 SH               SOLE                  8,610
El Paso Energy Partners L.P.   PREF UNIT      28368B 10 2    271    11,105 SH               SOLE                 11,105
Equity Inns                    COM            294703 10 3    316    51,561 SH               SOLE                 51,561
Equity Res Prop Convertible    PFD CV 1/10 G  29476L 85 9    347    15,425 SH               SOLE                 15,425
Exodus Communications          COM            302088 10 9    576    12,500 SH               SOLE                 12,500
Exxon Mobil Corporation        COM            30231G 10 2    571     7,271 SH               SOLE                  7,271
Ferrellgas Partners L.P.       UNIT LTD PART  315293 10 0    532    39,080 SH               SOLE                 39,080
G T E  Corporation             COM            362320 10 3    697    10,677 SH               SOLE                 10,677
General Electric               COM            369604 10 3    765    14,430 SH               SOLE                 14,430
General Motors Corp            COM            370442 10 5    203     3,500 SH               SOLE                  3,500
General Motors Corp            CL H           370442 83 2    281     3,200 SH               SOLE                  3,200
Genesis Energy                 UNIT LTD PART  371927 10 4     71    10,315 SH               SOLE                 10,315
Glenborough Realty TR          PFD CV SER A%  37803P 20 4    660    38,275 SH               SOLE                 38,275
HRPT Properties Trust          COM SH BEN INT 40426W 10 1  1,376   224,623 SH               SOLE                224,623
Halliburton                    COM            406216 10 1  2,513    53,251 SH               SOLE                 53,251
Hancock John Patriot Prem II   COM SH BEN INT 41013T 10 5    310    33,075 SH               SOLE                 33,075
Health Care Property           COM            421915 10 9    896    32,894 SH               SOLE                 32,894
HealthCare Realty Trust        COM            421946 10 4  1,625    95,242 SH               SOLE                 95,242
Health Care Reit               COM            42217K 10 6    455    28,015 SH               SOLE                 28,015
Hewlett-Packard                COM            428236 10 3  1,152     9,225 SH               SOLE                  9,225
Hospitality Properties Trust   COM SH BEN INT 44106M 10 2  1,524    67,565 SH               SOLE                 67,565
Intel                          COM            458140 10 0  1,849    13,830 SH               SOLE                 13,830
International Business Machine COM            459200 10 1  3,262    29,775 SH               SOLE                 29,775
JDS Uniphase                   COM            46612J 10 1  3,741    31,205 SH               SOLE                 31,205
Johnson & Johnson              COM            478160 10 4  1,724    16,925 SH               SOLE                 16,925
Kaneb Pipe Line Partners       SR PREF UNIT   484169 10 7    324    13,290 SH               SOLE                 13,290
Kinder Morgan Energy Partners  UT LTD PARTNER 494550 10 6  2,429    60,814 SH               SOLE                 60,814
Lakehead Pipeline Partners     COM UNIT CL A  511557 10 0    353     8,820 SH               SOLE                  8,820
Liberty Property Trust         SH BEN INT     531172 10 4  1,043    40,209 SH               SOLE                 40,209
Lilly Eli & Co                 COM            532457 10 8  4,268    42,729 SH               SOLE                 42,729
Lucent Technologies            COM            549463 10 7  8,904   150,284 SH               SOLE                150,284
Meditrust Companies            PAIRED CTF NEW 58501T 30 6    249    66,383 SH               SOLE                 66,383
Merck & Co Inc                 COM            589331 10 7    581     7,580 SH               SOLE                  7,580
Microsoft                      COM            594918 10 4  7,175    89,686 SH               SOLE                 89,686
Midcap SPDR TR                 UNIT SER I     595635 10 3  1,053    11,860 SH               SOLE                 11,860
Minnesota Mng & Mfg Co         COM            604059 10 5    769     9,320 SH               SOLE                  9,320
Nasdaq 100 Tr                  UNIT SER I     631100 10 4    816     8,760 SH               SOLE                  8,760
Nokia Corp                     SPON ADR       654902 20 4  2,454    49,145 SH               SOLE                 49,145
Nortel Networks Corp           COM            656568 10 2  4,483    65,690 SH               SOLE                 65,690
Northern Border Ptnrs          UNIT LTD PARTN 664785 10 2    714    26,130 SH               SOLE                 26,130
Pepsico                        COM            713448 10 8    213     4,800 SH               SOLE                  4,800
Pfizer                         COM            717081 10 3  3,387    70,572 SH               SOLE                 70,572
Procter & Gamble               COM            742718 10 9    537     9,374 SH               SOLE                  9,374
Providian Financial Corp       COM            74406A 10 2    364     4,000 SH               SOLE                  4,000
Qualcomm Inc                   COM            747525 10 3  1,128    18,805 SH               SOLE                 18,805
SBC Communications             COM            78387G 10 3  1,004    23,207 SH               SOLE                 23,207
SPDR TR                        UNIT SER 1     78462F 10 3  1,072     7,381 SH               SOLE                  7,381
Schlumberger                   COM            806857 10 8  1,480    19,835 SH               SOLE                 19,835
Sector SPDR TR                 SBI INT-TECH   81369Y 80 3    982    18,130 SH               SOLE                 18,130
Senior Hsg Pptys Tr            SH BEN INT     81721M 10 9    493    67,347 SH               SOLE                 67,347
Sheffield Pharmaceutical       COM NEW        82123D 30 9     63    10,800 SH               SOLE                 10,800
Star Gas Partners              UNIT LTD PARTN 85512C 10 5    599    38,940 SH               SOLE                 38,940
Suburban Propane Partners      UNIT LTD PARTN 864482 10 4    454    22,685 SH               SOLE                 22,685
Sun Microsystems Inc           COM            866810 10 4  3,074    33,805 SH               SOLE                 33,805
TC Pipelines LP                UT COM LTD PRT 87233Q 10 8    342    20,715 SH               SOLE                 20,715
Teppco Partners L P            UT LTD PARTNER 872384 10 2    239    10,055 SH               SOLE                 10,055
Texaco Inc                     COM            881694 10 3    609    11,439 SH               SOLE                 11,439
Texas Instruments              COM            882508 10 4  2,570    37,410 SH               SOLE                 37,410
TXU Corp                       COM            873168 10 8  1,088    36,875 SH               SOLE                 36,875
U.S. Restaurant Properties     COM            902971 10 0    421    47,071 SH               SOLE                 47,071
U S Restaurant Convt 7.72%     PFD CV SER A   902971 20 9    641    64,480 SH               SOLE                 64,480
United Investors Realty Trust  COM            910741 10 7  1,086   183,954 SH               SOLE                183,954
United Parcel Service Inc      CL B           911312 10 6    645    10,925 SH               SOLE                 10,925
Vodafone Airtouch Plc          SPONSORED ADR  92857T 10 7  2,035    49,115 SH               SOLE                 49,115
Wal-Mart Stores Inc            COM            931142 10 3  2,644    45,882 SH               SOLE                 45,882
Washington Gas Lt              COM            938837 10 1    321    13,345 SH               SOLE                 13,345
Watson Pharmaceuticals         COM            942683 10 3  1,865    34,705 SH               SOLE                 34,705
Williams Communications Group  CL A           969455 10 4    562    16,935 SH               SOLE                 16,935
Williams Cos Inc Del           COM            969457 10 0  1,135    27,225 SH               SOLE                 27,225
World Fuel Svcs Corp           COM            981475 10 6    464    53,754 SH               SOLE                 53,754
Worldcom Inc Ga New            COM            98157D 10 6  3,818    83,231 SH               SOLE                 83,231
Global Crossing Ltd            COM            G3921A 10 0  1,235    46,925 SH               SOLE                 46,925
Transocean Sedco Forex Inc     ORD            G90078 10 9    954    17,861 SH               SOLE                 17,861

</TABLE>


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