UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 2000
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Check here if Amendment [ ]; Amendment Number:
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This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Mills Value Adviser, Inc.
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Address: 707 East Main Street
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Richmond, Virginia 23219
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Form 13F File Number: 28-7718
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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: Bradley A. Brown
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Title: Vice President, Secretary/Treasurer
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Phone: (804) 344-3532
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Signature, Place, and Date of Signing:
/s/ Bradley A. Brown Richmond, Virginia November 3, 2000
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[Signature] [City, State] [Date]
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
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
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Form 13F Information Table Entry Total: 27
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Form 13F Information Table Value Total (thousands): $75,254,606
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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
<PAGE>
<TABLE>
<CAPTION>
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Item 1 Item 2 Item 3 Item 4 Item 5
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Title of CUSIP Fair Market Price per Shares of
Name of Issuer Class Number Value Share Principal Amount
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<S> <C> <C> <C> <C> <C>
Aladdin Knowledge Systems cs M0392N101 $15,537,873.75 7.250 2,143,155.000
Approved Mortgage Corp. cs 038327102 $135,039.90 0.690 195,710.000
Capital One Financial Corp. cs 14040h105 $235,401.60 70.060 3,360.000
CitiGroup Corp. cs 172967101 $1,412,695.92 54.060 26,132.000
Commonwealth Biotechnologies, Inc. cs 202739108 $3,955,497.61 7.690 514,369.000
ECI Telecom Ltd. cs 268258100 $3,062,000.00 30.620 100,000.000
EntreMed, Inc. cs 29382F103 $17,146,783.89 27.810 616,569.000
First Union Corp. cs 337358105 $622,876.50 32.190 19,350.000
General Electric Co. cs 369604103 $1,401,867.00 57.690 24,300.000
Humphrey Hospitality Trust cs; REIT 445467103 $466,589.16 7.810 59,742.530
Koger Equity, Inc. cs 500228101 $170,000.00 17.000 10,000.000
Lucent Technologies, Inc. cs 549463107 $334,815.36 30.560 10,956.000
Microsoft Corp. cs 594918104 $446,294.00 60.310 7,400.000
Midwest Express Holdings cs 597911106 $216,893.60 20.120 10,780.000
Pfizer, Inc. cs 717081103 $269,640.00 44.940 6,000.000
Philip Morris Companies, Inc. cs 718154107 $591,744.00 29.440 20,100.000
Shire Pharmaceuticals-ADR cs ADR 82481r06 $4,465,130.00 51.620 86,500.000
Sony Corp. - ADR New cs; ADR 835699307 $605,640.00 100.940 6,000.000
Sun International Hotels LTD cs p8797t133 $408,966.25 19.250 21,245.000
Virginia Gas Company cs 927814103 $3,000,217.50 3.750 800,058.000
Vodafone Group PLC cs; ADR 9285T107 $236,800.00 37.000 6,400.000
World Acceptance Corp. cs 981419104 $15,896,250.00 5.063 3,140,000.000
AIM Invt Fds Global Telecommunications Cl mf; cl A 00141t403 $251,798.24 34.080 7,388.446
AIM Invt Fds Global Telecommunications Cl mf; cl b 00141t403 $289,791.65 35.750 8,106.060
Franklin Virginia Tax Free Income Fund mf; cl A 354723769 $216,429.59 11.140 19,428.150
MFS Municipal Bond Fund mf; cl A 552987505 $102,342.03 10.180 10,053.245
MFS Virginia Municipal Bond Fund-CL A mf; cl A 552987505 $145,497.41 11.000 13,227.037
$71,624,874.96
Total Publicly Traded: $75,254,606.00
</TABLE>
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Item 1 Item 6 Item 7 Item 8
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Investment Voting
Name of Issuer Discretion Managers Authority
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Aladdin Knowledge Systems sole n/a none
Approved Mortgage Corp. sole n/a none
Capital One Financial Corp. sole n/a none
CitiGroup Corp. sole n/a none
Commonwealth Biotechnologies, Inc. sole n/a none
ECI Telecom Ltd. sole n/a none
EntreMed, Inc. sole n/a 10,000
First Union Corp. sole n/a none
General Electric Co. sole n/a none
Humphrey Hospitality Trust sole n/a none
Koger Equity, Inc. sole n/a none
Lucent Technologies, Inc. sole n/a none
Microsoft Corp. sole n/a none
Midwest Express Holdings sole n/a none
Pfizer, Inc. sole n/a none
Philip Morris Companies, Inc. sole n/a none
Shire Pharmaceuticals-ADR sole n/a none
Sony Corp. - ADR New sole n/a none
Sun International Hotels LTD sole n/a none
Virginia Gas Company sole n/a none
Vodafone Group PLC sole n/a none
World Acceptance Corp. sole n/a none
AIM Invt Fds Global Telecommunications Cl sole n/a none
AIM Invt Fds Global Telecommunications Cl sole n/a none
Franklin Virginia Tax Free Income Fund sole n/a none
MFS Municipal Bond Fund sole n/a none
MFS Virginia Municipal Bond Fund-CL A sole n/a none
cs = common stock
REIT = real estate investment trust
ADR = American Depository Receipt
mf = mutual fund
cb = corporate bond
mb = municipal bond
gb = government bond
mmf = money market fund
wr = warrants
