Securities and
Exchange
Commission
Washington,
D.C. 20549
Schedule 13G
Under the Securities and Exchange Act of
1934 (Amendment No. )* Video Update
Inc.
(Name of Issue)
COMMON
(Title of Class of Securities)
92657V104
(Cusip number)
Check the following box if a fee is being
paid with this statement [ ]. (A fee
is not required only if the filing
person: (1) has a previous statement on
file
reporting beneficial ownership of more
than five percent of the class of
securities described in Item 1; and (2)
has filed no amendment subsequent
thereto reporting beneficial ownership of
five percent or less of such class)
(See Rule 13d-7).
*The remainder of this cover page shall
be filled out for a reporting person's
initial filing on this form with respect
to the subject class of securities, and
for any subsequent amendment containing
information which would alter the
disclosure provided in a prior cover
page.
The information required in the remainder
of this cover page shall not be deemed
to be "filed" for the purpose of Section
18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the
liabilities in that section of the Act
but shall be subject to all other
provisions of the Act (however, see the
Notes).
Cusip Number:
13G
1. Investment Advisers, Inc.
2. Check the appropriate box if a
member of a
group: (a) [ ]
(b) [ X ]
3. SEC Use only
4. Citizenship or place of
organization: Delaware
5. Sole voting power: 57600
6. Shared voting
power: 0
7. Sole Dispositive
power: 57600
8. Shared
dispositive power: 0
9. Aggregate amount beneficially owned
by each
reporting person: 57600
10. Percent of class represented by
amount in Row 9: .2%
11. Type of Person Reporting*: IA
Item 1. (a) Name of Issuer: Video
Update Inc.
(b) Address of Issuer's Principal
Executive Offices:
3100 World Trade Center 30 East Seventh
Street St. Paul, MN 55101
Item 2. (a) Investment Advisors,
Inc.
(b) 3700 First Bank Place, Box
357, Minneapolis, MN 55440 (c)
Delaware
(d) Title of Class of Securities:
Common (e) Cusip Number: 92657V104
Item 3 (e) Investment Advisor
registered under
Section 203 of
the
Investment Advisors Act of
1940.
Item 4. (a) Amount beneficially owned:
1661369
(b) Percent of Class: .2%
(c) Number of shares as to which such
person has:
(I) Sole power to vote: 57600
(ii) Shared power to vote: 0
(iii) Sole power to dispose or
direct
disposition of:
57600
(iv) Shared power to dispose or direct
disposition of: 0
Item 5. If this statement is being
filed to
report the
fact that as of
the date hereof the reporting
person has ceased to be the
beneficial owner of more than
five percent of the class of
securities, check the following: [ X
]
Item 6. The shares referred to in
this filing
are held by
various
custodian banks for various
clients of Investment Advisors, Inc.
None of the individual clients
or custodian banks holds more
than 5% or more of the shares.
Item 7. Not applicable.
Item 8. Not
applicable.
Item 9. Not
applicable.
Item 10.
Certification
By signing below I certify that, to the
best of my knowledge and belief, the
securities referred to above were
acquired in the ordinary course of
business
and were not acquired for the purpose
of and do not have the effect of
changing
or influencing the control of the
issuer of such securities and were not
acquired in connection with or as a
participant in
any transaction having such
purposes or effect.
After reasonable inquiry and to the
best of my knowledge and belief, I
certify
that the infraction set forth in this
statement is true, complete
and correct.
Date: 6/8/99
/s/ Kelly
Thomas Coughlin
Kelly Thomas
Coughlin
Vice President
Director of
Risk Management
