CFW CAPITAL MANAGEMENT INC
13F-HR, 2000-11-02
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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: September 30, 2000

Check here if Amendment [X]; Amendment Number:
This Amendment (check only one.): [X] is a restatement.
                                  [ ] adds new holdings entries.

Institutional Investment Manager Filing This Report:

Name:    CFW Capital Management Incorporated
Address: One Ward Parkway, Suite 145
         Kansas City, MO 64112

13F File Number: 28-6646

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:   J. Owen McPherson
Title:  President
Phone:  816-753-6050
Signature, Place, and Date of Signing:

J. Owen McPherson        Kansas City, Missouri     11/03/2000


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 AND EXCHANGE COMMISSION
ACT OF 1934.

FORM 13F SUMMARY PAGE

Report Summary:

Number of other included Managers: 0

Form 13F Information Table Entry Total: 66

Form 13F Information Table Value Total: 90714


List of Other Included Management:



<TABLE>                        <C>                    <C>
                                                    FORM 13F INFORMATION TABLE

                                                        VALUE    SHARES/ SH/ INVSTMT OTHER     VOTING AUTHORITY
NAME OF ISSUER                TITLE OF CLASS  CUSIP     (X$1000) PRN AMT PRN DSCRETN MANAGERS     SOLE

............................. ............... ......... ........ ....... ... ....... ........  .................
ALTERA CORP                   COM             021441100    1860   38950  SH  SOLE      N/A       38950
AMERICAN HOME PRODUCTS CORP   COM             026609107     339    6000  SH  SOLE      N/A        6000
AMGEN INC                     COM             031162100    2667   38200  SH  SOLE      N/A       38200
ANHEUSER BUSCH COS INC        COM             035229103     407    9628  SH  SOLE      N/A        9628
ARCHER DANIELS MIDLAND        COM             039483102     256   29691  SH  SOLE      N/A       29691
AT&T CORP                     COM             001957109     912   31042  SH  SOLE      N/A       31042
AT&T CORP LIB MEDIA GROUP     COM LIB GRP A   001957208     637   35400  SH  SOLE      N/A       35400
AUTOMATIC DATA PROCESSING     COM             053015103    2451   36650  SH  SOLE      N/A       36650
BANK OF AMERICA CORP          COM             06605F102    4452   84995  SH  SOLE      N/A       84995
BELLSOUTH CORP                COM             079860102     467   11600  SH  SOLE      N/A       11600
BIOGEN INC                    COM             090597105     369    6050  SH  SOLE      N/A        6050
BLOCK, H&R INC.               COM             093671105    5157  139140  SH  SOLE      N/A      139140
BP AMOCO CORP plc ADS Re      COM             055622104    2131   40212  SH  SOLE      N/A       40212
BRISTOL MYERS SQUIBB          COM             110122108    1528   26756  SH  SOLE      N/A       26756
BURLINGTON RESOURCES          COM             122014103     398   10800  SH  SOLE      N/A       10800
CATERPILLAR INC DEL           COM             149123101     203    6000  SH  SOLE      N/A        6000
CHEVRON CORPORATION           COM             166751107     341    4000  SH  SOLE      N/A        4000
CITIGROUP                     COM             172967101     230    4248  SH  SOLE      N/A        4248
COCA-COLA CO.                 COM             191216101    2985   54143  SH  SOLE      N/A       54143
COMMERCE BANCSHARES INC       COM             200525103    6146  166955  SH  SOLE      N/A      166955
COMPUTER SCIENCES CORP        COM             205363104    1177   15850  SH  SOLE      N/A       15850
CONAGRA INC                   COM             205887102    1889   94138  SH  SOLE      N/A       94138
DST SYSTEMS INC               COM             233326107     423    3600  SH  SOLE      N/A        3600
EASTMAN KODAK                 COM             277461109    1342   32824  SH  SOLE      N/A       32824
EL PASO ENERGY CORP           COM NEW         283905107    3535   57356  SH  SOLE      N/A       57356
ENRON CORP                    COM             293561106    1472   16800  SH  SOLE      N/A       16800
EXXON MOBIL CORP              COM             30231G102    1542   17305  SH  SOLE      N/A       17305
GENERAL DYNAMICS              COM             369550108     251    4000  SH  SOLE      N/A        4000
GENERAL ELECTRIC CO.          COM             369604103    5255   91100  SH  SOLE      N/A       91100
GRANT PRIDECO                 COM             38821G101     998   45500  SH  SOLE      N/A       45500
HCA THE HEATHCARE CO.         COM             404119109     492   13263  SH  SOLE      N/A       13263
HEWLETT-PACKARD CO            COM             428236103     825    8500  SH  SOLE      N/A        8500
HIGHWOODS PROPERTIES          COM             431284108     720   30488  SH  SOLE      N/A       30488
INT'L BUSINESS MACHINES       COM             459200101    1571   13964  SH  SOLE      N/A       13964
INPUT/OUTPUT INC              COM             457652105     373   38800  SH  SOLE      N/A       38800
INTEL CORP                    COM             459140100     266    6400  SH  SOLE      N/A        6400
JOHNSON & JOHNSON             COM             478160104    1249   13300  SH  SOLE      N/A       13300
KANSAS CITY SOUTHN INDS INC   COM             485170104     386   44400  SH  SOLE      N/A       44400
LUCENT TECHNOLOGIES INC       COM             549463107    1327   43420  SH  SOLE      N/A       43420
MANOR CARE INC                COM             564055101     292   18600  SH  SOLE      N/A       18600
MERCK & COMPANY INC           COM             589331107    3184   42766  SH  SOLE      N/A       42766
MICROSOFT CORP                COM             594918104    2207   36600  SH  SOLE      N/A       36600
MORGAN, J.P. & CO.            COM             616880100     588    3600  SH  SOLE      N/A        3600
MOTOROLA, INC                 COM             620076109     309   10950  SH  SOLE      N/A       10950
NEWFIELD EXPLORATION          COM             651290108     233    5000  SH  SOLE      N/A        5000
PEPSICO INC                   COM             713448108    1631   35446  SH  SOLE      N/A       35446
PFIZER                        COM             717081103     485   10800  SH  SOLE      N/A       10800
PHILIP MORRIS COS INC         COM             718154107     281    9550  SH  SOLE      N/A        9550
PHILLIPS PETROLEUM            COM             718507106     237    3784  SH  SOLE      N/A        3784
PROCTOR & GAMBLE              COM             742718109     352    5260  SH  SOLE      N/A        5260
ROYAL DUTCH PETE CO           NY REG GLD1 .25 780257804     862   14388  SH  SOLE      N/A       14388
SBC COMMUNICATIONS INC        COM             78387G103    1110   22205  SH  SOLE      N/A       22205
SCHLUMBERGER, LTD             COM             806857108    1079   13108  SH  SOLE      N/A       13108
SHELL TRANS & TRADING PLC     NY SH NEW       822703609    1083   22140  SH  SOLE      N/A       22140
STILWELL FINANCIAL            COM             860831106    7721  177500  SH  SOLE      N/A      177500
TEXACO, INC                   COM             881694103    1433   27300  SH  SOLE      N/A       27300
THERMO ELECTRON               COM             883556102     218    8400  SH  SOLE      N/A        8400
UMB FINL CORP                 COM             902788108    1485   39865  SH  SOLE      N/A       39865
UNITEDHEALTH GROUP            COM             910581107    1654   16752  SH  SOLE      N/A       16752
UNITED STATIONERS INC         COM             913004107     699   26000  SH  SOLE      N/A       26000
UNOCAL CORP                   COM             915289102    1159   32700  SH  SOLE      N/A       32700
VERIZON COMMUNICATIONS        COM             92343V104     386    7960  SH  SOLE      N/A        7960
VODAFONE AIRTOUCH PLC ADS     SPNSRD ADR      92857T107     258    6980  SH  SOLE      N/A        6980
WAL-MART                      COM             961142103     549   11400  SH  SOLE      N/A       11400
WEATHERFORD INT'L INC         COM             947074100    1957   45500  SH  SOLE      N/A       45500
XEROX                         COM             984121103     233   15500  SH  SOLE      N/A       15500


</TABLE>


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