UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 2000
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Check here if Amendment [ X ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ X ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Mills Value Adviser, Inc.
Address: 707 East Main Street
Richmond, Virginia 23219
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 06/30/00
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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: 47
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Form 13F Information Table Value Total (thousands):
$96,103.27
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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>
Item 1 Item 2 Item 3 Item 4
------ ------ ------ ------
Title of CUSIP Fair Market Price per
Name of Issuer Class Number Value Share
-------------- -------- --------- ----------- ---------
<S> <C> <C> <C> <C>
Aladdin Knowledge Systems cs M0392N101 34,899,538.000 17.000
Approved Mortgage Corp. cs 038327102 130,392.200 0.620
Bear Stearns Companies, Inc. cs 073902108 661,770.000 42.750
Capital One Financial Corp. cs 14040h105 161,918.400 48.190
CitiGroup Corp. cs 172967101 1,019,127.000 55.690
Commonwealth Biotechnologies, Inc. cs 202739108 1,772,212.680 9.160
Dow Chemical Co. cs 260543103 173,706.000 133.620
EntreMed, Inc. cs 29382F103 16,482,960.060 25.620
Federal National Mortgage Assoc. cs 313586109 168,588.000 62.440
First Union Corp. cs 337358105 235,521.000 32.940
GTE Corp. cs 362320103 246,960.000 70.560
General Electric Co. cs 369604103 1,462,387.500 154.750
Hersha Hospitality Trust, Inc. cs; REIT 427825104 1,085,535.000 5.000
Honda Motor Co. Ltd. cs; ADR 438128308 765,000.000 76.500
Humphrey Hospitality Trust cs; REIT 445467103 6,762,643.247 7.560
Israel Land Development Ltd cs 32063l100 178,500.000 25.500
Koger Equity, Inc. cs 500228101 236,180.000 16.870
LCC International, Inc. cs 501810105 660,000.000 20.000
LSI Logic Corp. cs 502161102 108,000.000 67.500
Lucent Technologies, Inc. cs 549463107 521,700.000 75.000
Matsushita Electric cs; ADR 576879209 558,000.000 279.000
Microsoft Corp. cs 594918104 198,373.000 116.690
Midwest Express Holdings cs 597911106 375,428.600 31.870
Pfizer, Inc. cs 717081103 6,488,000.000 32.440
Philip Morris Companies, Inc. cs 718154107 462,300.000 23.000
Shire Pharmaceuticals-ADR cs;ADR 82481r06 2,887,000.000 28.870
Sony Corp. - ADR New cs; ADR 835699307 1,708,500.000 284.750
Telecominicaoes Brasileiras SA Telebras HLD cs; ADR 879287308 1,545,000.000 128.750
Viacom cs 925524100 114,836.000 60.440
Virginia Gas Company cs 927814103 2,496,180.960 3.120
Vodafone Group PLC cs; ADR 9285T107 371,250.000 49.500
World Acceptance Corp. cs 981419104 9,635,934.000 4.620
AIM Invt Funds - Global Telecomm. - A mf 00141t403 250,600.960 33.920
AIM Invt Funds - Global Telecomm. -B mf 00141t502 289,473.920 35.440
American Mutual Fund mf 27681105 173,196.440 23.830
Small Cap World Fund mf 831681101 150,689.000 39.140
Growth Fund Of America mf 399874106 147,991.120 29.410
Franklin Virginia Tax Free Income Fund mf; cl A 354723769 206,782.870 10.850
MFS Virginia Municipal Bond Fund mf; cl A 552987505 138,030.720 10.720
Oppenheimer Quest Global mf 683806200 123,128.980 18.070
Oppenheimer Strategic Income Fund mf; cl B 68380K201 49,935.990 4.370
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96,103,271.646
<CAPTION>
Item 1 Item 5 Item 6 Item 7 Item 8
------ ------ ------ ------ ------
Shares of Investment Voting
Name of Issuer Principal Amount Discretion Managers Authority
-------------- ---------------- ---------- -------- ---------
Aladdin Knowledge Systems 2,052,914.000 sole n/a 10,000
Approved Mortgage Corp. 210,310.000 sole n/a none
Bear Stearns Companies, Inc. 15,480.000 sole n/a none
Capital One Financial Corp. 3,360.000 sole n/a none
CitiGroup Corp. 18,300.000 sole n/a none
Commonwealth Biotechnologies, Inc. 193,473.000 sole n/a none
Dow Chemical Co. 1,300.000 sole n/a none
EntreMed, Inc. 643,363.000 sole n/a 10,000
Federal National Mortgage Assoc. 2,700.000 sole n/a none
First Union Corp. 7,150.000 sole n/a none
GTE Corp. 3,500.000 sole n/a none
General Electric Co. 9,450.000 sole n/a none
Hersha Hospitality Trust, Inc. 217,107.000 sole n/a none
Honda Motor Co. Ltd. 10,000.000 sole n/a none
Humphrey Hospitality Trust 894,529.530 sole n/a none
Israel Land Development Ltd 7,000.000 sole n/a none
Koger Equity, Inc. 14,000.000 sole n/a none
LCC International, Inc. 33,000.000 sole n/a none
LSI Logic Corp. 1,600.000 sole n/a none
Lucent Technologies, Inc. 6,956.000 sole n/a none
Matsushita Electric 2,000.000 sole n/a none
Microsoft Corp. 1,700.000 sole n/a none
Midwest Express Holdings 11,780.000 sole n/a none
Pfizer, Inc. 200,000.000 sole n/a none
Philip Morris Companies, Inc. 20,100.000 sole n/a none
Shire Pharmaceuticals-ADR 100,000.000 sole n/a none
Sony Corp. - ADR New 6,000.000 sole n/a none
Telecominicaoes Brasileiras SA Telebras HLD 12,000.000 sole n/a none
Viacom 1,900.000 sole n/a none
Virginia Gas Company 800,058.000 sole n/a none
Vodafone Group PLC 7,500.000 sole n/a none
World Acceptance Corp. 2,085,700.000 sole n/a none
AIM Invt Funds - Global Telecomm. - A 7,388.000 sole n/a none
AIM Invt Funds - Global Telecomm. -B 8,168.000 sole n/a none
American Mutual Fund 7,268.000 sole n/a none
Small Cap World Fund 3,850.000 sole n/a none
Growth Fund Of America 5,032.000 sole n/a none
Franklin Virginia Tax Free Income Fund 19,058.329 sole n/a none
MFS Virginia Municipal Bond Fund 12,876.000 sole n/a none
Oppenheimer Quest Global 6,814.000 sole n/a none
Oppenheimer Strategic Income Fund 11,427.000 sole n/a none
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7,676,111.859
</TABLE>
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
