UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 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: Lederer & Associates Investment Counsel
Address: 111 W. Ocean blvd.
Suite 1350
Long Beach, CA 90802
13F File Number: 28-______
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: Deborah Sobolak
Title: Operations Officer
Phone: 562-495-2350_
Signature, Place, and Date of Signing:
Deborah Sobolak Long Beach, CA__ 02/09/00________
Report Type (Check only one.):
[X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers:
Form 13F Information Table Entry Total: 69
Form 13F Information Table Value Total: $107,177
List of Other Included Managers:
No. 13F File Number Name
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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTORITY
NAME OF ISSUER TITLE OF CLASS CUSIP NO (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ----------- -------- -------- --------
AMFM INC COM 001693100 1960 25050 SH SOLE 25050 0 0
ANB CORPORATION COM 001926104 398 10000 SH SOLE 10000 0 0
AT&T CORP NEW LIBERTY MEDIA COM 001957208 8442 148598 SH SOLE 148598 0 0
ABERCROMBIE & FITCH CL A COM 002896207 426 15950 SH SOLE 15950 0 0
AG-CHEM EQUIPMENT CO INC COM 008363103 384 37000 SH SOLE 37000 0 0
AMERICA ONLINE INC COM 02364J104 744 9800 SH SOLE 9800 0 0
APOLLO GROUP INC COM 037604105 726 36175 SH SOLE 36175 0 0
ASHWORTH INC COM 04516H101 62 15000 SH SOLE 15000 0 0
ASSOCIATED GROUP INC CL A COM 045651106 2311 25325 SH SOLE 25325 0 0
ASSOCIATED GROUP INC CL B COM 045651205 4545 49400 SH SOLE 49400 0 0
BANK ONE CORP (NEW) COM 06423A103 702 21929 SH SOLE 21929 0 0
BROADCOM CORP COM 111320107 626 2300 SH SOLE 2300 0 0
CABLEVISION SYSTEMS CL A COM 12686C109 302 4000 SH SOLE 4000 0 0
CAPITAL ONE FINANCIAL COM 14040H105 306 6350 SH SOLE 6350 0 0
CATALINA MARKETING COM 148867104 6543 56525 SH SOLE 56525 0 0
CENTURYTEL INC COM 156700106 640 13500 SH SOLE 13500 0 0
CISCO SYSTEMS INC COM 17275R102 669 6241 SH SOLE 6241 0 0
CITIGROUP INC COM 172967101 574 10312 SH SOLE 10312 0 0
CLAYTON HOMES INC COM 184190106 152 16500 SH SOLE 16500 0 0
CLEAR CHANNEL COMMUNICATIONS COM 184502102 3213 35995 SH SOLE 35995 0 0
DST SYSTEMS COM 233326107 3558 46625 SH SOLE 46625 0 0
DELL COMPUTER CORP COM 247025109 2080 40775 SH SOLE 40775 0 0
DIME BANCORP INC (NEW) COM 25429Q102 151 10000 SH SOLE 10000 0 0
DISNEY WALT CO (HOLDING CO) COM 254687106 439 15000 SH SOLE 15000 0 0
FDX CORP COM 31304N107 328 8000 SH SOLE 8000 0 0
FIDELITY NATIONAL FINL INC COM 316326107 209 14551 SH SOLE 14551 0 0
FIRST DATA CORP COM 319963104 819 16600 SH SOLE 16600 0 0
FOUR SEASONS HOTEL LTD VTG COM 35100E104 467 8775 SH SOLE 8775 0 0
GTE CORP COM 362320103 644 9129 SH SOLE 9129 0 0
GARTNER GROUP INC NEW CL A COM 366651107 177 11600 SH SOLE 11600 0 0
GILLETTE CO COM 375766102 523 12707 SH SOLE 12707 0 0
HISPANIC BROADCASTING CORP COM 43357B104 1132 12275 SH SOLE 12275 0 0
HOME DEPOT INC COM 437076102 371 5400 SH SOLE 5400 0 0
IMS HEALTH INC COM 449934108 1104 40602 SH SOLE 40602 0 0
INFINITY BROADCASTING CORP COM 45662S102 1778 49136 SH SOLE 49136 0 0
INGRAM MICRO CL A COM 457153104 131 10000 SH SOLE 10000 0 0
INTERNATIONAL SPEEDWAY CL A COM 460335201 3579 71054 SH SOLE 71054 0 0
JDS UNIPHASE CORP COM 46612J101 1912 11850 SH SOLE 11850 0 0
JACOR COMMUNICATIONS INC WTS 469858138 1088 68000 SH SOLE 68000 0 0
JOHNSON & JOHNSON COM 478160104 270 2900 SH SOLE 2900 0 0
KANSAS CITY SOUTHERN INDS COM 485170104 5170 69275 SH SOLE 69275 0 0
MBIA INC COM 55262C100 833 15770 SH SOLE 15770 0 0
MBNA CORP COM 55262L100 1418 52025 SH SOLE 52025 0 0
MCI WORLDCOM INC COM 55268B106 605 11399 SH SOLE 11399 0 0
MGIC INVESTMENT CORP COM 552848103 2296 38150 SH SOLE 38150 0 0
MARRIOTT INTERNATIONAL COM 571903202 366 11600 SH SOLE 11600 0 0
MCDONALDS CORP COM 580135101 1113 27600 SH SOLE 27600 0 0
MICROSOFT CORP COM 594918104 9457 81001 SH SOLE 81001 0 0
99 CENTS STORES COM 65440K106 276 7225 SH SOLE 7225 0 0
NOKIA CORP ADR CL A COM 654902204 325 1700 SH SOLE 1700 0 0
T ROWE PRICE COM 741477103 296 8000 SH SOLE 8000 0 0
QUINTILES TRANSNATIONAL CORP COM 748767100 831 44473 SH SOLE 44473 0 0
REDWOOD EMPIRE BANCORP COM 757897103 495 25900 SH SOLE 25900 0 0
SBC COMMUNICATIONS INC COM 78387G103 1369 28092 SH SOLE 28092 0 0
SFX ENTERTAINMENT INC CL A COM 784178105 6237 172356 SH SOLE 172356 0 0
SLM HOLDING CORP COM 78442A109 809 19150 SH SOLE 19150 0 0
SABRE GROUP HLDG CORP CL A COM 785905100 410 8000 SH SOLE 8000 0 0
SALEM COMMUNICATIONS INC COM 794093104 269 11889 SH SOLE 11889 0 0
SEATTLE FILMWORKS INC COM 812572105 117 42000 SH SOLE 42000 0 0
STRYKER CORP COM 863667101 870 12500 SH SOLE 12500 0 0
TV GUIDE INC CL A COM 87307Q109 6186 143850 SH SOLE 143850 0 0
TELEPHONE & DATA SYS INC COM 879433100 7859 62375 SH SOLE 62375 0 0
UNIVISION COMMUNICATIONS INC COM 914906102 904 8850 SH SOLE 8850 0 0
VODAFONE AIRTOUCH PLC COM 92857T107 1638 33095 SH SOLE 33095 0 0
WEYCO GROUP INC COM 962149100 436 17250 SH SOLE 17250 0 0
YAHOO INC COM 984332106 507 1172 SH SOLE 1172 0 0
ZIONS BANCORP COM 989701107 391 6600 SH SOLE 6600 0 0
GLOBAL CROSSING LTD COM G3921A100 781 15627 SH SOLE 15627 0 0
ROYAL CARIBBEAN CRUISE LINE COM V7780T103 428 8675 SH SOLE 8675 0 0
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