<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 1999
Check here is Amendment [ ]; Amendment Number:
The Amendment (Check only one.): [ ] is a restatement.
[ ] adds new entries.
Institutional Investment Manager Filing this Report:
Name: First Interstate Bank
Address: 401 North 31st Street
Billings, MT 59116
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: Richard C. Fellows
Title: Senior Vice President
Phone: 406-255-5262
Signature, Place, and Date of Signing:
/s/ Richard C. Fellows Billings, MT November 30, 2000
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager: None
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
<PAGE> 2
13F SUMMARY PAGE
Report Summary:
Number of Other Included Mangers: 0
Form 13F Information Table Entry Total: 272
Form 13F Information Table Value Total: $422,295,946
List of Other Included Managers: NONE
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<TABLE>
<CAPTION>
13 F REPORT OF MANAGED ASSETS
Date Run : 11/21/2000 Processing Date : 11/21/2000 Time Printed : 9:28:24 AM
As Of Date : 09/30/1999
INVESTMENT DIRECTION VOTING AUTHORITY
NAME OF ISSUER TYPE CUSIP MARKET SHARES/PV SOLE SHARED OTHER SOLE SHARED OTHER
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AES Corp Com Equity 00130H105 678,500 11,500 0 0 11,500 0 0 11,500
AT&T Corporation Equity 001957109 3,228,483 74,218 29,586 9,906 34,726 40,516 426 33,276
Abbott Laboratories Equity 002824100 1,267,810 34,557 13,494 9,063 12,000 23,257 0 11,300
Air Products & Chemicals Equity 009158106 251,784 8,608 8,108 200 300 8,608 0 0
Albertson's Inc Equity 013104104 2,441,323 61,708 35,525 6,800 19,383 41,125 800 19,783
Alcoa Inc Equity 013817101 465,469 7,500 2,300 800 4,400 3,500 0 4,000
Allegheny Energy Inc Equity 017361106 1,383,375 43,400 36,100 6,400 900 42,600 0 800
Allied Signal Inc Equity 019512102 1,429,629 23,852 16,375 3,977 3,500 19,927 0 3,925
Allstate Corporation Equity 020002101 589,373 23,634 12,368 3,728 7,538 16,696 0 6,938
Alltel Corporation Equity 020039103 991,654 14,091 6,016 782 7,293 6,798 0 7,293
America Online Equity 02364J104 293,768 2,823 0 0 2,823 200 0 2,623
American Express Company Equity 025816109 1,447,875 10,725 1,850 300 8,575 2,150 0 8,575
American Home Products
Corporation Equity 026609107 1,916,761 46,187 19,382 300 26,505 19,682 0 26,505
American International Group
Inc Equity 026874107 2,350,442 27,036 12,062 920 14,054 12,607 0 14,429
Ameritech Corporation New Equity 030954101 1,066,932 15,984 9,332 1,400 5,252 10,732 0 5,252
Amgen Inc Equity 031162100 374,900 4,600 0 400 4,200 0 400 4,200
Analog Devices Inc Equity 032654105 212,688 4,150 0 0 4,150 0 0 4,150
Anheuser-Busch Companies Inc Equity 035229103 1,021,161 14,575 0 0 14,575 350 0 14,225
Apache Corporation Equity 037411105 4,680,359 108,373 38,500 0 69,873 38,500 0 69,873
Associates First Capital
Corporation Class A Equity 046008108 775,980 21,555 3,852 1,194 16,509 5,046 0 16,509
Altantic Richfield Company Equity 048825103 700,315 7,902 3,000 1,260 3,642 4,260 0 3,642
Automatic Data Processing Inc Equity 053015103 1,044,761 23,412 8,094 0 15,318 8,094 0 15,318
Autonation Inc Del Equity 05329W102 153,750 12,300 0 0 12,300 0 0 12,300
Autozone Inc Equity 053332102 313,598 11,175 0 0 11,175 0 0 11,175
Avalonbay Communities Inc Equity 053484101 286,345 8,453 0 0 8,453 0 0 8,453
BP Amoco PLC Sponsored ADR Equity 055622104 4,383,628 39,559 14,562 3,923 21,074 16,449 2,300 20,810
Bank America Corporation Equity 060505104 1,521,772 27,327 6,464 960 19,903 7,424 0 19,903
Bank Of New York Company Inc Equity 064057102 1,023,188 30,600 0 0 30,600 0 0 30,600
Bank One Corporation Equity 06423A103 1,231,771 35,383 24,907 4,606 5,870 29,663 0 5,720
Bankboston Corporation Equity 06605R106 273,263 6,300 4,200 1,450 650 4,200 0 2,100
Baxter International Inc Equity 071813109 1,119,445 18,580 3,055 0 15,525 3,055 0 15,525
</TABLE>
Page 1 of 9
<PAGE> 4
<TABLE>
<CAPTION>
13 F REPORT OF MANAGED ASSETS
Date Run : 11/21/2000 Processing Date : 11/21/2000 Time Printed : 9:28:24 AM
As Of Date : 09/30/1999
INVESTMENT DIRECTION VOTING AUTHORITY
NAME OF ISSUER TYPE CUSIP MARKET SHARES/PV SOLE SHARED OTHER SOLE SHARED OTHER
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Bell Atlantic Corporation Equity 077853109 1,869,605 27,775 13,484 3,480 10,811 16,852 112 10,811
Bellsouth Corporation Equity 079860102 1,498,860 33,308 20,158 2,738 10,412 22,608 288 10,412
Bemis Company Inc Equity 081437105 281,163 8,300 0 0 8,300 0 0 8,300
Bestfoods Inc Equity 08658U101 789,918 16,266 8,310 3,328 4,628 10,510 1,128 4,628
Big Sky Transportation Company Equity 089539209 47,014 35,820 0 0 35,820 0 0 35,820
Biomet Inc Equity 090613100 205,238 7,800 0 0 7,800 0 0 7,800
Black & Decker Equity 091797100 295,827 6,475 0 0 6,475 0 0 6,475
Black Hills Corporation Equity 092113109 328,986 14,112 13,445 600 67 14,045 0 67
Boeing Company Equity 097023105 330,088 7,744 500 306 6,938 800 306 6,638
Bradley Real Estate Inc Equity 104580105 246,225 13,400 0 0 13,400 0 0 13,400
Bristol Myers Squibb Company Equity 110122108 3,358,125 49,750 19,600 3,050 27,100 23,050 0 26,700
Burlington Northern Santa Fe
Corporation Equity 12189T104 265,320 9,648 2,250 1,900 5,498 5,673 0 3,975
Burlington Resources Inc Equity 122014103 269,157 7,324 1,046 250 6,028 3,074 0 4,250
Cigna Corporation Equity 125509109 256,575 3,300 0 0 3,300 0 0 3,300
Cit Group Inc Cl A Equity 125577106 324,888 15,800 0 0 15,800 0 0 15,800
Cvs Corporation Equity 126650100 365,272 8,950 1,000 0 7,950 1,000 0 7,950
Carnival Corporation Equity 143658102 615,090 14,140 8,700 1,600 3,840 10,300 0 3,840
Caterpillar Inc Equity 149123101 574,983 10,490 4,100 0 6,390 4,400 0 6,090
Centurytel Inc Equity 156700106 383,378 9,437 0 0 9,437 0 0 9,437
Chase Manhattan Corporation New Equity 16161A108 1,053,290 13,974 2,000 0 11,974 2,228 0 11,746
Chevron Corporation Equity 166751107 1,282,171 14,447 6,438 200 7,809 6,638 0 7,809
Chromatochem Inc Series B -
Market Price N/A Preferred
Stock 171990104 15 15,000 0 0 15,000 0 0 15,000
Circuit City Stores Inc Equity 172737108 210,938 5,000 0 0 5,000 0 0 5,000
Cisco Systems Inc Equity 17275R102 3,373,275 49,200 11,397 4,000 33,803 16,397 0 32,803
Citigroup Inc Equity 172967101 2,233,044 50,751 18,017 6,012 26,722 24,029 0 26,722
Citrix Systems Inc Equity 177376100 291,106 4,700 0 0 4,700 0 0 4,700
Coastal Corporation Equity 190441105 387,883 9,475 0 0 9,475 0 0 9,475
Coca Cola Company Equity 191216100 808,670 16,760 7,910 445 8,405 8,355 0 8,405
Colgate Palmolive Company Equity 194162103 714,066 15,608 2,800 208 12,600 3,008 0 12,600
Compaq Computer Corporation Equity 204493100 544,997 23,825 400 0 23,425 400 0 23,425
Computer Associates
International Inc Equity 204912109 427,569 6,995 0 0 6,995 0 0 6,995
</TABLE>
Page 2 of 9
<PAGE> 5
<TABLE>
<CAPTION>
13 F REPORT OF MANAGED ASSETS
Date Run : 11/21/2000 Processing Date : 11/21/2000 Time Printed : 9:28:25 AM
As Of Date : 09/30/1999
INVESTMENT DIRECTION VOTING AUTHORITY
NAME OF ISSUER TYPE CUSIP MARKET SHARES/PV SOLE SHARED OTHER SOLE SHARED OTHER
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Computer Sciences Corp Common Equity 205363104 427,148 6,075 200 400 5,475 600 0 5,475
Conagra Inc Equity 205887102 1,163,097 51,550 30,250 4,775 16,525 35,025 0 16,525
Conoco Inc Cl A Equity 208251306 283,050 10,200 0 0 10,200 0 0 10,200
Conoco Inc Cl B Equity 208251405 360,447 13,167 0 0 13,167 0 0 13,167
Consolidated Natural Gas
Company Equity 209615103 683,256 10,954 9,254 200 1,500 9,454 0 1,500
Corning Inc Equity 219350105 380,728 5,553 153 0 5,400 553 0 5,000
Costco Wholesale Corporation
New Equity 22160K105 385,200 5,350 2,700 0 2,650 2,700 0 2,650
The Cadiz Corporation Equity 2352391 0 34,550 0 34,550 0 34,550 0 0
The Cadiz Corporation Equity 2352392 0 34,550 0 34,550 0 34,550 0 0
Elf Technologies Corp.
Certificate #251 Equity 2353592 52,150 35,000 0 35,000 0 0 0 35,000
Powder Horn Ranch Llc Equity 2353637 460,110 98 0 98 0 0 0 98
Winter Sports Inc Equity 2353748 0 36,278 0 0 36,278 0 0 36,278
Powderhorn Ranch 2 Llc 20%
Ownership Interest Equity 2353792 1,000,000 4 3 1 0 2 0 2
Powderhorn Ranch 2, Llc Equity 2353806 250,000 1 0 1 0 0 0 1
Dana Corporation Equity 235811106 286,271 7,711 5,661 0 2,050 5,661 0 2,050
Sundance Bankshares, Inc Equity 2362059 1,123,008 9,600 9,600 0 0 9,600 0 0
Sundance Bankshares, Inc Equity 2362060 736,974 6,300 0 6,300 0 6,300 0 0
Dayton Hudson Corporation Equity 239753106 786,819 13,100 600 0 12,500 1,800 0 11,300
Deere & Company Equity 244199105 382,426 9,885 4,200 2,300 3,385 6,500 0 3,385
Dell Computer Corporation Equity 247025109 526,838 12,600 0 320 12,280 0 0 12,600
Deluxe Corporation Equity 248019101 204,000 6,000 5,800 0 200 5,800 0 200
Dial Corporation Equity 25247D101 463,080 18,160 0 0 18,160 0 0 18,160
Disney Walt Co Hldg Equity 254687106 903,084 34,734 6,300 1,650 26,784 7,950 0 26,784
Du Pont E I De Nemours &
Company Equity 263534109 2,983,195 49,309 37,138 5,500 6,671 42,488 200 6,621
Duke Energy Corporation Equity 264399106 1,784,010 32,363 23,888 3,150 5,325 27,188 0 5,175
EMC Corporation Equity 268648102 4,122,977 57,765 0 0 57,765 150 0 57,615
EMC Energies Inc Equity 268652203 14 14,000 14,000 0 0 14,000 0 0
Eog Resources Inc Equity 26875P101 327,250 15,400 0 0 15,400 0 0 15,400
Epi Environmental Inc Equity 26899P103 84,000 14,000 0 0 14,000 0 0 14,000
Eaton Corporation Equity 278058102 397,642 4,607 0 0 4,607 0 0 4,607
Ecolab Inc Equity 278865100 286,650 8,400 0 0 8,400 0 0 8,400
</TABLE>
Page 3 of 9
<PAGE> 6
<TABLE>
<CAPTION>
13 F REPORT OF MANAGED ASSETS
Date Run : 11/21/2000 Processing Date : 11/21/2000 Time Printed : 9:28:25 AM
As Of Date : 09/30/1999
INVESTMENT DIRECTION VOTING AUTHORITY
NAME OF ISSUER TYPE CUSIP MARKET SHARES/PV SOLE SHARED OTHER SOLE SHARED OTHER
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
El Paso Energy Corporation Equity 283905107 269,595 6,698 1,500 1,800 3,398 5,652 0 1,046
Electr Arts Equity 285512109 340,163 4,700 0 0 4,700 0 0 4,700
Electronic Data Systems
Corporation (New) Equity 285661104 474,161 8,957 100 416 8,441 516 0 8,441
Emerson Electric Company Equity 291011104 1,139,650 18,036 7,616 1,400 9,020 9,116 0 8,920
Enron Corp Equity 293561106 1,048,367 25,531 15,996 170 9,365 16,966 0 8,565
Equity Office Properties Trust Equity 294741103 381,300 16,400 0 400 16,000 400 0 16,000
Equity Residential Property
Trust Sbi Equity 29476L107 475,617 11,224 0 424 10,800 424 0 10,800
Ericsson L M Telephone Co
Cl B Ser 10 Equity 294821400 287,500 9,200 6,000 0 3,200 6,000 0 3,200
Exxon Corporation Equity 302290101 8,014,656 105,456 48,562 12,409 44,485 62,775 996 41,685
Fbl Finl Group Inc Cl A Equity 30239F106 10,943,625 530,600 0 0 530,600 0 0 530,600
Fbl Finl Group Inc Cl B Equity 30239F26 0 25,400 0 0 25,400 0 0 25,400
Fib Capital Trust 8 5/8%
Cum Trust Pfd Secs Preferred
Stock 30243L206 218,400 8,400 2,300 2,000 4,100 2,300 0 6,100
Fdx Corporation Equity 31304N107 202,150 5,200 0 0 5,200 400 0 4,800
Federal Home Loan Mortgage
Corporation Equity 313400301 1,434,420 27,585 3,800 0 23,785 4,400 0 23,185
Federal National Mortgage
Association Equity 313586109 2,384,633 38,040 14,500 2,900 20,640 17,000 400 20,640
Federal Signal Corporation Equity 313855108 307,566 15,475 0 0 15,475 0 0 15,475
Finova Group Inc Equity 317928109 453,513 12,425 0 0 12,425 0 0 12,425
First Data Corporation Equity 319963104 1,304,579 29,734 16,084 950 12,700 17,034 0 12,700
First Interstate Bancsystem Inc Equity 320990104 84,777,560 2,119,439 476,664 1,257,245 385,530 2,039,846 0 79,593
First Union Corporation Equity 337358105 362,093 10,164 3,364 0 6,800 3,364 0 6,800
Fleet Financial Group Inc Equity 338915101 611,125 16,686 0 0 16,686 0 0 16,686
Ford Motor Company Equity 345370100 1,098,314 21,857 5,176 3,426 13,255 9,152 0 12,705
Foundation Health Systems Inc
Cl A Equity 350404109 103,813 11,000 0 0 11,000 0 0 11,000
Fox Entertainment Group Inc
Cl A Equity 35138T107 214,311 10,175 0 0 10,175 0 0 10,175
Fremont General Corp Equity 35728810 130,238 13,800 5,000 0 8,800 5,000 0 8,800
Gte Corporation Equity 362320103 1,957,238 25,460 6,029 2,864 16,567 8,127 436 16,897
Gap Inc Equity 364760108 279,200 8,725 675 0 8,050 675 0 8,050
General Electric Company Equity 369604103 11,111,678 93,720 32,141 7,183 54,396 37,658 1,966 54,096
General Instrument Corporation
Del Equity 370120107 314,160 6,545 0 0 6,545 0 0 6,545
General Motors Corporation Equity 370442105 494,311 7,854 200 200 7,454 400 0 7,454
Genuine Parts Company Equity 372460105 1,006,055 37,875 24,675 3,700 9,500 28,375 0 9,500
</TABLE>
Page 4 of 9
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<TABLE>
<CAPTION>
13 F REPORT OF MANAGED ASSETS
Date Run : 11/21/2000 Processing Date : 11/21/2000 Time Printed : 9:28:26 AM
As Of Date : 09/30/1999
INVESTMENT DIRECTION VOTING AUTHORITY
NAME OF ISSUER TYPE CUSIP MARKET SHARES/PV SOLE SHARED OTHER SOLE SHARED OTHER
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Georgia Pacific Corporation Equity 373298108 301,259 7,450 0 0 7,450 0 0 7,450
Gillette Company Equity 375766102 489,039 14,410 6,702 3,808 3,900 10,662 348 3,400
Glacier Bancorp Inc New Equity 37637Q105 673,047 39,302 0 0 39,302 0 0 39,302
Goodrich B F Company Equity 382388106 300,150 10,350 100 300 9,950 400 0 9,950
Goodyear Tire & Rubber Company Equity 382550101 204,050 4,240 3,700 0 540 3,700 0 540
Grainger W W Inc Equity 384802104 442,175 9,200 3,700 0 5,500 3,700 0 5,500
Guidant Corp Common Stock Equity 401698105 321,750 6,000 0 0 6,000 0 0 6,000
Hrpt Properties Trust Sbi Equity 40426W101 135,000 12,000 0 0 12,000 0 0 12,000
Halliburton Equity 406216101 227,550 5,550 1,500 0 4,050 1,500 0 4,050
Hartford Financial Services
Group Inc Equity 416515104 204,375 5,000 4,400 0 600 4,400 0 600
Heinz H J Company Equity 423074103 947,075 22,025 15,150 2,225 4,650 18,075 0 3,950
Hewlett Packard Company Equity 428236103 2,861,620 31,533 19,258 2,725 9,550 21,783 200 9,550
Home Depot Inc Equity 437076102 2,874,770 41,891 18,211 2,680 21,000 20,711 600 20,580
Illinois Tool Works Inc Equity 452308109 1,101,661 14,775 5,050 2,225 7,500 7,275 0 7,500
Infinity Companies Inc. Equity 456628106 200 10,000 0 0 10,000 0 0 10,000
Intel Corporation Equity 458140100 5,425,927 73,015 20,450 3,915 48,650 24,655 0 48,360
International Business Machines
Corporation Equity 459200101 3,316,005 27,405 2,346 350 24,709 2,946 0 24,459
Interpublic Group Companies Inc Equity 460690100 900,802 21,904 18,204 3,700 0 21,904 0 0
Johnson & Johnson Equity 478160104 3,735,178 40,655 15,275 4,380 21,000 19,805 400 20,450
Johnson E L & Sons Inc Equity 479999104 236,748 181 181 0 0 181 0 0
Kansas City Southern Industries
Inc Equity 485170104 320,385 6,890 0 0 6,890 0 0 6,890
Kerr-McGee Corporation Equity 492386107 256,041 4,650 0 0 4,650 0 0 4,650
Kimberly Clark Corporation Equity 494368103 966,591 18,324 13,000 3,224 2,100 16,124 0 2,200
Kohls Corp Equity 500255104 343,850 5,200 4,750 450 0 5,200 0 0
Level 3 Communications Inc Equity 52729N100 2,129,742 40,785 600 33,200 6,985 30,600 0 10,185
Lilly Eli & Co Equity 532457108 901,513 14,045 8,225 2,950 2,870 11,175 0 2,870
Lincoln National Corporation Equity 534187109 265,755 7,075 7,075 0 0 7,075 0 0
Lucent Technologies Inc Equity 549463107 5,249,945 80,924 30,233 7,438 43,253 38,847 364 41,713
MBIA Inc Equity 55262C100 635,266 13,625 8,725 1,600 3,300 10,325 0 3,300
MBNA Corporation Equity 55262L100 946,833 41,505 11,500 505 29,500 12,005 0 29,500
McI Worldcom Inc Equity 55268B106 4,724,344 65,730 9,700 17,150 38,880 23,000 0 42,730
</TABLE>
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<TABLE>
<CAPTION>
13 F REPORT OF MANAGED ASSETS
Date Run : 11/21/2000 Processing Date : 11/21/2000 Time Printed : 9:28:26 AM
As Of Date : 09/30/1999
INVESTMENT DIRECTION VOTING AUTHORITY
NAME OF ISSUER TYPE CUSIP MARKET SHARES/PV SOLE SHARED OTHER SOLE SHARED OTHER
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Mdu Resources Group Inc Equity 552690109 364,995 16,222 5,774 8,978 1,470 7,849 0 8,373
Marsh & McLennan Cos Inc Equity 571748102 951,260 13,887 800 0 13,087 800 0 13,087
Masco Corporation Equity 574599106 330,150 10,650 5,000 350 5,300 5,350 0 5,300
McDonalds Corporation Equity 580135101 1,285,823 29,730 20,500 3,520 5,710 22,700 0 7,030
McGraw Hill Companies Inc Equity 580645109 350,235 7,240 0 0 7,240 0 0 7,240
Mead Corp Equity 582834107 455,469 13,250 0 0 13,250 0 0 13,250
Mediaone Group Inc Equity 58440J104 791,674 11,589 4,542 1,763 5,284 6,305 0 5,284
Medtronic Inc Equity 585055106 2,212,343 62,210 36,200 5,360 20,650 41,560 400 20,250
Mellon Bank Corporation Equity 585509102 342,572 10,188 6,668 0 3,520 6,668 0 3,520
Men's Wearhouse Inc Equity 587118100 211,238 9,825 0 0 9,825 0 0 9,825
Merck & Company Inc Equity 589331107 4,569,411 70,502 30,982 5,740 33,780 37,522 0 32,980
Microsoft Corporation Equity 594918104 5,738,040 63,360 17,200 920 45,240 18,770 0 44,590
Minnesota Mining &
Manufacturing Company Equity 604059105 588,489 6,126 2,826 450 2,850 3,176 300 2,650
Mobil Corporation Equity 607059102 3,241,631 32,175 18,030 3,692 10,453 21,092 300 10,783
Montana Power Company Equity 612085100 549,471 18,052 12,282 3,600 2,170 15,882 0 2,170
Morgan J P & Company Inc Equity 616880100 305,962 2,678 182 396 2,100 578 0 2,100
Morgan Stanley Finance Plc 9%
Capital Uts Preferred
Stock 616906509 244,519 9,660 0 800 8,860 800 0 8,860
Morgan Stanley Dean Witter &
Company Equity 617446448 655,707 7,352 0 390 6,962 690 0 6,662
Motorola Inc Equity 620076109 1,592,800 18,100 9,850 2,050 6,200 11,700 0 6,400
Mylan Laboratories Inc Equity 628530107 194,775 10,600 0 0 10,600 0 0 10,600
Newell Rubbermaid Inc Equity 651229106 823,171 28,820 4,800 395 23,625 5,195 0 23,625
Nokia Corporation Equity 654902204 1,593,034 17,725 0 0 17,725 0 0 17,725
Nortel Networks Corporation Equity 656569100 1,466,760 28,760 0 0 28,760 0 0 28,760
Nupec Res Inc Equity 670574102 100 10,000 10,000 0 0 10,000 0 0
Omnicom Group Inc Equity 681919106 328,628 4,150 2,900 400 850 3,300 0 850
Oracle Corp Equity 68389X105 702,065 15,430 7,068 1,800 6,562 8,868 0 6,562
Pnc Bank Corporation Equity 693475105 359,592 6,825 0 0 6,825 0 0 6,825
PPG Industries Inc Equity 693506107 698,700 11,645 9,070 2,575 0 11,645 0 0
Pyr Energy Corporation Equity 693677106 59,500 13,600 0 0 13,600 0 0 13,600
Pacificorp Equity 695114108 820,490 40,770 10,480 14,352 15,938 36,880 0 3,890
Pall Corporation Equity 696429307 315,930 13,625 0 0 13,625 0 0 13,625
</TABLE>
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<TABLE>
<CAPTION>
13 F REPORT OF MANAGED ASSETS
Date Run : 11/21/2000 Processing Date : 11/21/2000 Time Printed : 9:28:27 AM
As Of Date : 09/30/1999
INVESTMENT DIRECTION VOTING AUTHORITY
NAME OF ISSUER TYPE CUSIP MARKET SHARES/PV SOLE SHARED OTHER SOLE SHARED OTHER
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Parametric Technology
Corporation Equity 699173100 249,750 18,500 0 0 18,500 0 0 18,500
Parker Hannifin Corporation Equity 701094104 416,756 9,300 0 0 9,300 0 0 9,300
Penney J C Inc Equity 708160106 455,400 13,200 100 12,100 1,000 12,200 0 1,000
Pepsico Inc Equity 713448108 1,988,753 65,205 24,010 5,170 36,025 28,180 400 36,625
Pharmacia & Upjohn Inc* Equity 71694110 511,138 10,300 0 0 10,300 0 0 10,300
Pfizer Inc Equity 717081103 1,744,637 48,631 20,600 1,856 26,175 23,106 0 25,525
Philip Morris Companies Inc Equity 718154107 2,115,215 61,871 22,751 3,170 35,950 26,921 0 34,950
Pitney Bowes Inc Equity 724479100 243,750 4,000 2,800 0 1,200 2,800 0 1,200
Proctor & Gamble Company Equity 742718109 2,730,188 29,122 18,047 800 10,275 19,197 0 9,925
Quaker Oats Company Equity 747402105 343,406 5,550 0 0 5,550 0 0 5,550
Quantum Corporation Dssg Equity 747906204 181,406 12,900 0 0 12,900 0 0 12,900
Quantum Corporation Hddg Equity 747906303 149,866 20,150 0 0 20,150 0 0 20,150
Raytheon Corporation New
Class B Equity 755111408 507,416 10,225 4,100 800 5,325 4,900 0 5,325
Reliastar Financial Corporation Equity 75952U103 372,400 11,200 0 0 11,200 0 0 11,200
Republic Services Inc Equity 760759100 366,488 33,700 0 0 33,700 0 0 33,700
Reuters Group Plc Adr Equity 76132M102 361,043 5,242 0 866 4,376 866 0 4,376
Rite Aid Corporation Equity 767754104 138,125 10,000 10,000 0 0 10,000 0 0
Rockwell International
Corporation New Equity 773903109 200,603 3,821 2,661 1,160 0 2,861 960 0
Royal Dutch Petro Ny Reg Sh
Par N 1.25 Gldr Equity 780257804 806,498 13,655 6,980 0 6,675 6,980 0 6,675
SBC Communications Inc Equity 78387G103 2,944,315 57,661 25,219 2,131 30,311 27,350 0 30,311
Safeco Corporation Equity 786429100 218,400 7,800 6,900 200 700 7,100 0 700
Safeway Inc Equity 786514208 365,400 9,600 800 0 8,800 800 0 8,800
St Paul Companies Inc Equity 792860108 2,276,450 82,780 82,100 0 680 82,100 0 680
Sara Lee Corporation Equity 803111103 261,800 11,200 5,600 1,400 4,200 7,000 0 4,200
Schering Plough Corporation Equity 806605101 566,034 12,975 5,000 0 7,975 5,000 0 7,975
Schlumberger Limited Equity 806857108 1,139,073 18,280 14,930 1,700 1,650 16,880 0 1,400
Seagate Technology Equity 811804103 272,563 8,900 0 0 8,900 0 0 8,900
Sears Roebuck & Company Equity 812387108 276,288 8,806 6,126 1,800 880 8,326 0 480
Sempra Energy Inc Equity 816851109 207,459 9,968 6,604 1,500 1,864 8,705 0 1,263
Sherwin-Williams Company Equity 824348106 862,625 41,200 25,700 3,950 11,550 29,650 0 11,550
Siebel Systems Inc Equity 826170102 254,174 3,815 0 0 3,815 0 0 3,815
</TABLE>
Page 7 of 9
<PAGE> 10
<TABLE>
<CAPTION>
13 F REPORT OF MANAGED ASSETS
Date Run : 11/21/2000 Processing Date : 11/21/2000 Time Printed : 9:28:27 AM
As Of Date : 09/30/1999
INVESTMENT DIRECTION VOTING AUTHORITY
NAME OF ISSUER TYPE CUSIP MARKET SHARES/PV SOLE SHARED OTHER SOLE SHARED OTHER
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Sigma-Aldrich Corp Equity 826552101 328,613 10,350 0 0 10,350 0 0 10,350
Skymall Inc Equity 830859104 103,400 18,800 0 0 18,800 0 0 18,800
Sonat Inc Equity 835415100 329,406 8,300 7,500 800 0 8,300 0 0
Southwest Airlines Company Equity 844741108 432,646 28,487 0 0 28,487 0 0 28,487
Sprint Corporation Equity 852061100 314,650 5,800 5,400 400 0 5,800 0 0
Staples Inc (Retail & Delivery) Equity 855030102 266,658 12,225 0 0 12,225 0 0 12,225
State Street Corporation Equity 857477103 885,686 13,705 7,555 1,250 4,900 8,355 0 5,350
Sterling Financial Corporation Equity 859319105 137,535 10,283 0 0 10,283 0 0 10,283
Sun Microsystems Equity 866810104 1,227,600 13,200 1,200 0 12,000 1,200 0 12,000
Suncor Energy Inc Equity 867229106 308,995 7,900 0 0 7,900 0 0 7,900
Symbol Technologies Inc Equity 871508107 342,975 10,200 0 0 10,200 0 0 10,200
Synopsys Inc Equity 871607107 325,706 5,800 0 0 5,800 0 0 5,800
Sysco Corporation Equity 871829107 1,134,868 32,367 10,792 0 21,575 10,792 0 21,575
Teva Pharmaceutical Industries
Ltd Adr Equity 881624209 231,438 4,600 0 0 4,600 0 0 4,600
Texaco Inc Equity 881694103 2,453,606 38,869 8,702 1,900 28,267 12,402 200 26,267
Texas Instruments Inc Equity 882508104 653,888 7,950 3,000 0 4,950 3,000 0 4,950
Texas Utilities Company Equity 882848104 327,193 8,769 200 0 8,569 1,200 0 7,569
Textron Inc Equity 883203101 332,945 4,303 2,128 0 2,175 2,128 0 2,175
Time Warner Inc Equity 887315109 1,073,756 17,675 0 0 17,675 0 0 17,675
Timken Company Equity 887389104 176,569 10,950 10,000 750 200 10,750 0 200
Shea Ranch Closely Held Equity 88801233 12,617 12,617 12,617 0 0 12,617 0 0
Gendco Leasing Company Equity 88891785 982,414 103 103 0 0 103 0 0
General Distributing Company Equity 88891787 232,500 155 155 0 0 155 0 0
Total Fina Sa Spon Adr Equity 89151E109 253,750 4,000 0 0 4,000 0 0 4,000
Transaction Systems Architects
- A Equity 893416107 215,500 8,000 0 0 8,000 0 0 8,000
Tyco International Ltd New Equity 902124106 1,329,034 12,872 2,413 884 9,575 2,413 0 10,459
Unisource Energy Corporation Equity 909205106 119,306 10,100 0 0 10,100 7,500 0 2,600
U S West Inc New Equity 91273H101 1,426,563 25,000 15,982 3,658 5,360 19,740 500 4,760
United Technologies Corporation Equity 913017109 1,131,979 19,085 7,740 0 11,345 7,740 0 11,345
Unumprovident Corporation Equity 91529Y106 384,424 13,059 0 0 13,059 0 0 13,059
Valassis Communications Inc Equity 918866104 265,822 6,050 0 0 6,050 0 0 6,050
</TABLE>
Page 8 of 9
<PAGE> 11
<TABLE>
<CAPTION>
13 F REPORT OF MANAGED ASSETS
Date Run : 11/21/2000 Processing Date : 11/21/2000 Time Printed : 9:28:28 AM
As Of Date : 09/30/1999
INVESTMENT DIRECTION VOTING AUTHORITY
NAME OF ISSUER TYPE CUSIP MARKET SHARES/PV SOLE SHARED OTHER SOLE SHARED OTHER
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Vale Creek Ranch Equity 918990102 374,922 186 0 186 0 0 186 0
Vastar Resources Inc Equity 922380100 337,838 5,400 0 0 5,400 0 0 5,400
Viad Corp Equity 92552R109 572,595 19,410 0 0 19,410 0 0 19,410
Vitesse Semiconductor
Corporation Equity 928497106 215,572 2,525 0 0 2,525 0 0 2,525
Vodafone Airtouch Plc Equity 92857T107 780,058 3,281 1,590 266 1,425 1,990 16 1,275
Wachovia Corporation Equity 929771103 403,739 5,135 2,940 600 1,595 3,540 0 1,595
Wal Mart Stores Inc Equity 931142103 2,119,433 44,561 20,275 4,080 20,206 24,655 400 19,506
Warner Lambert Company Equity 934488107 686,981 10,350 1,800 0 8,550 1,800 0 8,550
Washington Mutual Inc Equity 939322103 558,617 19,098 2,125 275 16,698 2,400 0 16,698
Wells Fargo & Company Equity 949746101 973,586 24,570 13,392 3,346 7,832 15,938 800 7,832
Westerfed Financial Corporation Equity 957550106 281,342 17,051 0 0 17,051 0 0 17,051
Western Farm Bur Svc Co Equity 95816100 0 11,250 0 0 11,250 0 0 11,250
Williams Sonoma Inc Equity 969904101 303,516 6,250 0 0 6,250 0 0 6,250
Winter Sports Inc Equity 97607210 179,360 22,420 20,834 0 1,586 0 0 22,420
Xerox Corporation Equity 984121103 1,041,140 24,826 0 0 24,826 350 0 24,476
Yahoo Inc Equity 984332106 291,688 1,625 0 0 1,625 0 0 1,625
Zanto Ranch Inc Class A Voting Equity 989990106 208,001 35,076 35,076 0 0 35,076 0 0
Zanto Ranch Inc Class B Non-
Voting Equity 989990205 119,860 26,000 26,000 0 0 26,000 0 0
First Interstate Bancsystem Inc Equity 998000194 74,614,480 1,865,362 454,867 1,388,386 22,109 364,731 0 1,500,631
Sugarland Enterprises Inc Equity 998000483 939,056 27,109 755 26,354 0 364 0 26,745
Rolling Acres Farms Equity MC000205 586,100 29,305 29,305 0 0 29,305 0 0
McGeorge Contracting Co, Inc Equity MCCC 1,036,062 571 571 0 0 571 0 0
Pine Bluff Sand And Gravel
Company Equity PBSG 3,366,450 2,494 2,494 0 0 2,494 0 0
Scott Land & Livestock
Limited Partnership Equity SLL 1,916,656 399 15 151 233 321 0 78
422,295,946
</TABLE>
* * * END OF ASSET REPORT * * *
272 ASSETS REPORTED OF 18462 ASSETS ON FILE
Page 9 of 9
