UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington DC 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 2000
Check here if Amendment [ ]; Amendment Number:
This Amendment: [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: PENN DAVIS MCFARLAND, INC.
Address: 2626 COLE AVE.
SUITE 504
DALLAS, TEXAS 75204
Form 13F File Number: 28-05623
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: JOHN S. MCFARLAND
Title: PRESIDENT
Phone: 214-871-2772
Signature, Place, and Date of Signing:
JOHN S. MCFARLAND DALLAS, TEXAS 10/02/00
------------------------------ -------------------- --------
Signature City, State Date
Report Type:
[X] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 50
Form 13F Information Table Value Total: $227,145
List of Other Included Managers:
NONE
<PAGE>
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
-------------------------------- -------- --------- -------- ---------------------- -------- ------------ --------------------------
TITLE CUSIP VALUE SHARES / SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS NUMBER (x$1000) PRINCIPAL AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
-------------------------------- -------- --------- -------- ------------- --- ---- -------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ABBOTT LABORATORIES COMMON 002824100 211 4429 SH SOLE 4429
AMERICAN INTERNATIONAL GROUP COMMON 026874107 11326 118364 SH SOLE 118364
AMGEN INC. COMMON 031162100 11152 159713 SH SOLE 159713
APOLLO GROUP INC. "A" COMMON 037604105 8314 208501 SH SOLE 208501
BP AMOCO PLC SPONSORED ADR COMMON 055622104 4451 83984 SH SOLE 83984
BOEING CO COMMON 097023105 221 3500 SH SOLE 3500
BRISTOL MYERS COMMON 110122108 4820 84380 SH SOLE 84380
CISCO SYSTEMS COMMON 17275R102 297 5372 SH SOLE 5372
CONAGRA, INC COMMON 205887102 9472 472122 SH SOLE 472122
CONEXANT SYSTEMS COMMON 207142100 318 7600 SH SOLE 7600
DALLAS SEMICONDUCTOR COMMON 23520410 2382 72462 SH SOLE 72462
DELL COMPUTER COMMON 247025109 217 7050 SH SOLE 7050
DORCHESTER HUGOTON COMMON 258205202 2850 186856 SH SOLE 186856
ECHOSTAR COMMUNICATIONS CORP COMMON 278762109 8862 168000 SH SOLE 168000
EL PASO ENERGY PARTNERS COMMON 28368B102 11524 430785 SH SOLE 430785
ELECTRONIC ARTS INC. COMMON 285512109 760 15400 SH SOLE 15400
ELECTRONIC DATA SYSTEMS COMMON 285661104 9644 232390 SH SOLE 232390
EMPIRE DISTRICT COMMON 291641108 4379 166800 SH SOLE 166800
EXXON MOBIL CORP COMMON 30231G102 502 5631 SH SOLE 5631
FAMILY DOLLAR STORES COMMON 307000109 6191 321600 SH SOLE 321600
GENERAL ELECTRIC CO. COMMON 369604103 808 14015 SH SOLE 14015
HOME DEPOT INC. COMMON 437076102 224 4221 SH SOLE 4221
ITT EDUCATIONAL SERVICES COMMON 45068B109 7375 271900 SH SOLE 271900
INTEL CORP COMMON 45814010 246 5916 SH SOLE 5916
IBM CORPORATION COMMON 45920010 11539 102567 SH SOLE 102567
JOHNSON & JOHNSON COMMON 47816010 1343 14300 SH SOLE 14300
KIMBERLY CLARK COMMON 494368103 335 6000 SH SOLE 6000
MEDIMMUNE, INC. COMMON 584699102 232 3000 SH SOLE 3000
MERCK & COMPANY COMMON 589331107 3883 52170 SH SOLE 52170
MICROSOFT CORP COMMON 594918104 502 8325 SH SOLE 8325
MORGAN STANLEY-DEAN WITTER COMMON 617446448 238 2600 SH SOLE 2600
NOBLE AFFILIATES COMMON 654894104 12014 323600 SH SOLE 323600
NOKIA CORP. SPONSORED ADR COMMON 654902204 319 8000 SH SOLE 8000
ORACLE SYSTEMS COMMON 68389X105 225 2854 SH SOLE 2854
PEROT SYSTEMS COMMON 714265105 118 11000 SH SOLE 11000
PFIZER INC. COMMON 717081103 266 5910 SH SOLE 5910
PHILIP MORRIS CO. COMMON 718154107 3148 106932 SH SOLE 106932
KONINKLIJKE PHILIPS ELECTRONICS COMMON 718337504 360 3569 SH SOLE 3569
PROCTOR & GAMBLE COMMON 742718109 244 3635 SH SOLE 3635
QUALCOMM, INC. COMMON 747525103 48025 674030 SH SOLE 674030
ROCKWELL INT'L CORP COMMON 773903109 378 12500 SH SOLE 12500
ROYAL DUTCH PETROLEUM COMMON 780257804 2876 47990 SH SOLE 47990
SBC COMMUNICATIONS COMMON 78387G103 234 4686 SH SOLE 4686
SCHERING-PLOUGH COMMON 806605101 386 8305 SH SOLE 8305
SENSORMATIC ELECTRONICS COMMON 817265101 7616 507750 SH SOLE 507750
SUNRISE ASSISTED LIVING COMMON 86768K106 14018 646350 SH SOLE 646350
TEXAS INSTRUMENTS COMMON 88250810 308 6522 SH SOLE 6522
UTILICORP UNITED COMMON 918005109 2328 89975 SH SOLE 89975
VODAFONE GROUP PLC COMMON 92857W100 4796 129619 SH SOLE 129619
WAL-MART STORES COMMON 93114210 4868 101160 SH SOLE 101160
</TABLE>
