UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended: September 30, 2000
Check here if Amendment [ ]; Amendment Number:_____
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holding entries.
Institutional Investment Manager Filing this Report:
Name: La Crosse Advisers, L.L.C.
Address: 311 Main Street
La Crosse, Wisconsin 54602
Form 13F File No: 28-03977
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 the Reporting Manager:
Name: Steven J. Hulme
Title: President
Phone: (608) 782-1148
Signature, Place, and Date of Signing:
/s/ Steven J. Hulme La Crosse, Wisconsin October 12, 2000
_________________________ ____________________ ___________________
(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
Form 13F Information Table Entry Total: 62
Form 13F Information Table Value Total: $92,543,331.83
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>
FORM 13F INFORMATION TABLE
<TABLE>
Title Fair
of Market Shares/ SH/ Put/ Investmt Other Voting Authority
Name of Issuer Class CUSIP Value PRN AMT PRN Call Dscretn Managers Sole Share None
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ADC Telecommunications Inc. COM 000886101 806,730.00 30,000 SH Sole 30,000
AES Corp. COM 00130H105 1,781,416.00 26,000 SH Sole 26,000
AT&T Corp. COM 001957109 925,312.50 31,500 SH Sole 31,500
AXA Financial Inc. COM 002451102 2,190,334.00 43,000 SH Sole 43,000
Abbott Labs COM 002824100 1,854,957.00 39,000 SH Sole 39,000
Albertsons Inc. COM 013104104 1,113,000.00 53,000 SH Sole 53,000
Allstate Corp. COM 020002101 2,293,500.00 66,000 SH Sole 66,000
Bank of America Corp. COM 060505104 1,466,500.00 28,000 SH Sole 28,000
Bank One Corp. COM 06423A103 1,484,457.00 39,000 SH Sole 39,000
Burlington Northern
Santa Fe Corp. COM 12189T104 1,401,595.00 65,000 SH Sole 65,000
Calpine Corp. COM 131347106 2,296,602.00 22,000 SH Sole 22,000
Cardinal Health Inc. COM 14149Y108 2,910,204.00 33,000 SH Sole 33,000
Cendant Corp. COM 151313103 674,250.00 62,000 SH Sole 62,000
Chase Manhattan Corp. COM 16161A108 1,091,191.50 23,625 SH Sole 23,625
Citigroup Inc. COM 172967101 1,730,016.00 32,000 SH Sole 32,000
Coastal Corp. COM 190441105 2,816,750.00 38,000 SH Sole 38,000
Compaq Computer Corp. COM 204493100 1,706,240.00 62,000 SH Sole 62,000
Computer Associates
International COM 204912109 658,138.00 26,000 SH Sole 26,000
ConAgra Foods Inc. COM 205887102 1,605,040.00 80,000 SH Sole 80,000
Dell Computer Corp. COM 247025109 1,078,455.00 35,000 SH Sole 35,000
Delta Airlines Inc. COM 247361108 1,242,500.00 28,000 SH Sole 28,000
Eastman Kodak Co. COM 277461109 1,062,750.00 26,000 SH Sole 26,000
Eaton Corp. COM 278058102 1,170,875.00 19,000 SH Sole 19,000
Edison International COM 281020107 869,940.00 45,000 SH Sole 45,000
Emerson Electric Co. COM 291011104 1,541,000.00 23,000 SH Sole 23,000
Federal National
Mortgage Assoc. COM 313586109 1,501,500.00 21,000 SH Sole 21,000
Federated Department
Stores Inc. COM 31410H101 914,375.00 35,000 SH Sole 35,000
First Data Corp. COM 319963104 976,575.00 25,000 SH Sole 25,000
Fleetboston Financial Corp. COM 339030108 1,905,189.00 48,851 SH Sole 48,851
<PAGE>
Ford Motor Co. COM 345370100 913,843.50 35,837 SH Sole 35,837
Gap Inc. COM 364760108 684,250.00 34,000 SH Sole 34,000
Gateway Inc. COM 367626108 1,254,500.00 26,000 SH Sole 26,000
General Dynamics Corp. COM 369550108 1,570,325.00 25,000 SH Sole 25,000
Heinz (H J) Co. COM 423074103 926,575.00 25,000 SH Sole 25,000
Home Depot Inc. COM 437076102 1,641,078.00 31,000 SH Sole 31,000
Honeywell International Inc. COM 438516106 890,625.00 25,000 SH Sole 25,000
Intel Corp. COM 458140100 997,512.00 24,000 SH Sole 24,000
Kimberly Clark Corp. COM 494368103 1,458,114.63 26,125 SH Sole 26,125
Merck & Co. Inc. COM 589331107 1,712,074.00 23,000 SH Sole 23,000
Metlife Inc. COM 59156R108 1,837,500.00 70,000 SH Sole 70,000
Microsoft Corp. COM 594918104 1,507,825.00 25,000 SH Sole 25,000
Micron Technology Inc. COM 595112103 920,000.00 20,000 SH Sole 20,000
Morgan (J P) & Co. COM 616880100 1,797,125.00 11,000 SH Sole 11,000
Morgan Stanley Dean
Witter Discover COM 617446448 2,011,636.00 22,000 SH Sole 22,000
Motorola Inc. COM 620076109 1,268,500.00 43,000 SH Sole 43,000
Parker Hannifin Corp. COM 701094104 810,000.00 24,000 SH Sole 24,000
Philip Morris Co. Inc. COM 718154107 1,736,842.00 59,000 SH Sole 59,000
Reliant Energy Inc. COM 75952J108 1,720,500.00 37,000 SH Sole 37,000
SBC Communications Inc. COM 78387G103 2,194,500.00 44,000 SH Sole 44,000
Sears Roebuck & Co. COM 812387108 1,685,840.00 52,000 SH Sole 52,000
Solectron Corp. COM 834182107 1,891,125.00 41,000 SH Sole 41,000
Tellabs Inc. COM 879664100 1,480,250.00 31,000 SH Sole 31,000
Tenet Healthcare Corp. COM 88033G100 2,004,090.00 55,000 SH Sole 55,000
Tyco International Ltd. COM 902124106 1,660,000.00 32,000 SH Sole 32,000
United Health Group Inc. COM 91324P102 2,295,937.50 23,250 SH Sole 23,250
United Technologies Corp. COM 913017109 1,595,625.00 23,000 SH Sole 23,000
USX-Marathon Group COM 902905827 1,503,875.00 53,000 SH Sole 53,000
Verizon Communications Inc. COM 92343V104 1,181,887.20 24,400 SH Sole 24,400
Washington Mutual Inc. COM 939322103 2,269,341.00 57,000 SH Sole 57,000
Wells Fargo & Co (New) COM 949746101 1,745,644.00 38,000 SH Sole 38,000
<PAGE>
Willamette Industries Inc. COM 969133107 1,092,000.00 39,000 SH Sole 39,000
WorldCom Inc. COM 98157D106 1,215,000.00 40,000 SH Sole 40,000
GRAND TOTAL 92,543,331.83
</TABLE>
