LAUREL INVESTMENT ADVISORS INC
13F-NT, 2000-05-10
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                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:      Laurel Investment Advisors, Inc.
Address:   540 Central Avenue
           Johnstown, PA 15902

Form 13F File Number:  28-5411

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:      Kim Craig
Title:     President and Chief Operating Officer
Phone:     814 536 2110

Signature, Place, and Date of Signing:

/s/ Kim Craig                 JOHNSTOWN, PENNSYLVANIA               MAY 10, 2000
- ------------------            -----------------------               ------------
[Signature]                        [City, State]                       [Date]

Report Type:

[   ]   13F HOLDINGS REPORT.  (Check  here  if  all  holdings of  this reporting
        manager are reported in this report.)

[ X ]   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).)


<PAGE>

List of  Other Managers Reporting for this Manager:


      Form 13F File Number                      Name

      28-07668                                  Laurel Trust Company



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