UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2000
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: Irene Liu
Title: Operations Officer
Phone: 562-495-2350_
Signature, Place, and Date of Signing:
Irene Liu Long Beach, CA__ 05/08/00________
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: 71
Form 13F Information Table Value Total: $111,259
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 1239 18400 SH SOLE 18400 0 0
AT&T CORP COM 001957109 808 16584 SH SOLE 16584 0 0
AT&T CORP NEW LIBERTY MEDIA GROUP CL A 001957208 11472 232643 SH SOLE 232643 0 0
ADRIAN STEEL COMPANY COM 007338106 1580 3950 SH SOLE 3950 0 0
AG-CHEM EQUIPMENT CO INC COM 008363103 298 35000 SH SOLE 35000 0 0
AMERICA ONLINE INC COM 02364J104 465 7800 SH SOLE 7800 0 0
APOLLO GROUP INC COM 037604105 1002 33960 SH SOLE 33960 0 0
BCE INC COM 05534B109 1921 15900 SH SOLE 15900 0 0
BROADCOM CORP COM 111320107 767 4400 SH SOLE 4400 0 0
CABLEVISION SYSTEMS CL A COM 12686C109 267 4000 SH SOLE 4000 0 0
CAPITAL ONE FINANCIAL COM 14040H105 613 13625 SH SOLE 13625 0 0
CATALINA MARKETING COM 148867104 5666 55275 SH SOLE 55275 0 0
CENTURYTEL INC COM 156700106 310 11750 SH SOLE 11750 0 0
CISCO SYSTEMS INC COM 17275R102 935 13082 SH SOLE 13082 0 0
CITIGROUP INC COM 172967101 712 11812 SH SOLE 11812 0 0
CLAYTON HOMES INC COM 184190106 115 12125 SH SOLE 12125 0 0
CLEAR CHANNEL COMMUNICATIONS COM 184502102 2371 32481 SH SOLE 32481 0 0
CONEXANT SYSTEMS COM 207142100 300 5000 SH SOLE 5000 0 0
DST SYSTEMS COM 233326107 3908 52375 SH SOLE 52375 0 0
DELL COMPUTER CORP COM 247025109 1714 33575 SH SOLE 33575 0 0
DIME BANCORP INC (NEW) COM 25429Q102 193 10000 SH SOLE 10000 0 0
DISNEY WALT CO (HOLDING CO) COM 254687106 473 11150 SH SOLE 11150 0 0
E-TEK DYNAMICS INC COM 269240107 2492 11895 SH SOLE 11895 0 0
FIRST DATA CORP COM 319963104 695 14150 SH SOLE 14150 0 0
FOUR SEASONS HOTEL LTD VTG COM 35100E104 496 8775 SH SOLE 8775 0 0
GTE CORP COM 362320103 706 10229 SH SOLE 10229 0 0
GENERAL ELECTRIC CO COM 369604103 339 2125 SH SOLE 2125 0 0
GENERAL MOTORS CORP COM 370442105 5137 55425 SH SOLE 55425 0 0
GILLETTE CO COM 375766102 362 10132 SH SOLE 10132 0 0
GUARANTY CORP COM 401072103 693 47 SH SOLE 47 0 0
HISPANIC BROADCASTING CORP COM 43357B104 963 9850 SH SOLE 9850 0 0
HOME DEPOT INC COM 437076102 413 7300 SH SOLE 7300 0 0
INFINITY BROADCASTING CORP COM 45662S102 1637 48311 SH SOLE 48311 0 0
INTEL CORP COM 458140100 235 1850 SH SOLE 1850 0 0
INTERNATIONAL SPEEDWAY CL A COM 460335201 3606 83729 SH SOLE 83729 0 0
INTERNATIONAL SPEEDWAY CL B COM 460335300 3488 81580 SH SOLE 81580 0 0
JDS UNIPHASE CORP COM 46612J101 2127 20400 SH SOLE 20400 0 0
JACOR COMMUNICATIONS INC WTS EXP 9/18/01 469858138 689 58000 SH SOLE 58000 0 0
JOHNSON & JOHNSON COM 478160104 314 3800 SH SOLE 3800 0 0
KANSAS CITY SOUTHERN INDS COM 485170104 5336 70850 SH SOLE 70850 0 0
LAACO LTD UNIT PARTNERSHIP INT COM 505346106 252 700 SH SOLE 700 0 0
MBIA INC COM 55262C100 964 19270 SH SOLE 19270 0 0
MBNA CORP COM 55262L100 1351 51225 SH SOLE 51225 0 0
MGIC INVESTMENT CORP COM 552848103 1950 39750 SH SOLE 39750 0 0
MCDONALDS CORP COM 580135101 1125 28950 SH SOLE 28950 0 0
MICROSOFT CORP COM 594918104 4734 64462 SH SOLE 64462 0 0
NOKIA CORP ADR CL A COM 654902204 399 6700 SH SOLE 6700 0 0
OLD NATIONAL BANCORP IND COM 680033107 314 9500 SH SOLE 9500 0 0
OLOKELE SUGAR CO LTD COM 681334108 445 3500 SH SOLE 3500 0 0
QUALCOMM INC COM 747525103 274 2500 SH SOLE 2500 0 0
QUINTILES TRANSNATIONAL CORP COM 748767100 369 25800 SH SOLE 25800 0 0
RANDALL BEARINGS COM 752261107 79 10700 SH SOLE 10700 0 0
REDWOOD EMPIRE BANCORP COM 757897103 267 16700 SH SOLE 16700 0 0
SBC COMMUNICATIONS INC COM 78387G103 869 19464 SH SOLE 19464 0 0
SFX ENTERTAINMENT INC CL A COM 784178105 7172 169749 SH SOLE 169749 0 0
SLM HOLDING CORP COM 78442A109 299 9600 SH SOLE 9600 0 0
SABRE GROUP HLDG CORP CL A COM 785905100 288 8000 SH SOLE 8000 0 0
SEAGATE TECHNOLOGY COM 811804103 1422 27150 SH SOLE 27150 0 0
SPANISH BROADCASTING COM 846425882 497 26800 SH SOLE 26800 0 0
SPRINT CORP COM 852061100 4652 73325 SH SOLE 73325 0 0
STRYKER CORP COM 863667101 541 7500 SH SOLE 7500 0 0
SUN MICROSYSTEMS INC COM 866810104 202 2200 SH SOLE 2200 0 0
TV GUIDE INC CL A COM 87307Q109 4329 143400 SH SOLE 143400 0 0
TELEPHONE & DATA SYS INC COM 879433100 6397 61000 SH SOLE 61000 0 0
UNIVISION COMMUNICATIONS INC COM 914906102 1338 12875 SH SOLE 12875 0 0
VANGUARD INDEX TRUST 500 SH BEN INT #40922908108 567 4236 SH SOLE 4236 0 0
VODAFONE AIRTOUCH PLC COM 92857T107 1523 32365 SH SOLE 32365 0 0
WELLS FARGO & CO COM 949746101 282 6850 SH SOLE 6850 0 0
WEYCO GROUP INC COM 962149100 329 13500 SH SOLE 13500 0 0
YAHOO INC COM 984332106 611 4669 SH SOLE 4669 0 0
GLOBAL CROSSING LTD COM G3921A100 561 16127 SH SOLE 16127 0 0
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