FORM 13F COVER PAGE
Report for the Quarter Ended: June 30, 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: Argus Investors' Counsel Inc.
Address: 100 Prospect Street, South Tower
Stamford, CT 06901
13F File number:28-542
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: Stewart P. Zobian
Title: President
Phone: 203-316-9000
Signature, Place, and Date of Signing
Stewart P. Zobian Stamford, CT July 31, 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.
FORM 13F SUMMARY PAGE
Report Summary:
Number of other included Managers: 0
Form 13F information Table Entry Total:483
Form 13F Information Table Value Total:840,012,423
List of other Included managers:NONE
FORM 13F INFORMATION TABLE
<TABLE> <C> <C>
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
07/26/00 CA53H
4:23 BEGINNING OF COMPANY 53 REPORTS ACTY 2
ARGUS INVESTORS' COUNSEL
13F REPORT 00015317 SDUPRODN
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
1 2 3 4 5 6 7 8
1.23E+79
----^----^----^----^----^----^----^----^----^----^----^----^----^----^----^----^
53 1 1 1 1 1 1 1
----^----^----^----^----^----^----^----^----^----^----^----^----^----^----^----^
1.23E+79
1 2 3 4 5 6 7 8
FORM 13F 6/30/00
REPORTING MANAGER; ARGUS INVESTORS' COUNSEL PAGE 1
------------------------------------------------------------------------------------------------------------------------------------
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
------------------------------------------------------------------------------------------------------------------------------------
AT&T CORP COMMON 001957109 14103169 445950 445950 434350 900
ABBOTT LABS COMMON 002824100 6878222 154350 154350 145450
AGILENT TECHNOLOGIES INC COMMON 00846U101 3607850 48920 48920 47586 305
AIR PRODS & CHEMS INC COMMON 009158106 11428942 370919 370919 369919 1000
ALBERTSONS INC COMMON 013104104 16340546 491445 491445 491445
ALCOA INC COMMON 013817101 16902360 582840 582840 570240 600
AMERICA ONLINE INC DEL COMMON 02364J104 17312059 328580 328580 321780 400
AMERICAN EXPRESS CO COMMON 025816109 17972179 344790 344790 336140 1500
AMERICAN INTL GROUP INC COMMON 026874107 18709291 159228 159228 155828 300
ARCHER DANIELS MIDLAND C COMMON 039483102 1487290 151571 151571 151571
AUTOMATIC DATA PROCESSIN COMMON 053015103 17333896 323620 323620 323020 600
BP AMOCO P L C COMMON 055622104 4576246 80906 80906 80506 400
BECTON DICKINSON & CO COMMON 075887109 18957130 660815 660815 647015
CATERPILLAR INC DEL COMMON 149123101 13830824 408290 408290 397790 600
CHASE MANHATTAN CORP NEW COMMON 16161A108 15873138 344600 344600 336300 200
CISCO SYS INC COMMON 17275R102 18293923 287810 287810 281610 500
COCA COLA CO COMMON 191216100 6119391 106540 106540 99540
DEERE & CO COMMON 244199105 2293260 61980 61980 61980
DELTA AIR LINES INC DEL COMMON 247361108 17030714 336825 336825 329675 550
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 239050429 5689979 5689979 5581745 7855
FORM 13F 6/30/00
REPORTING MANAGER; ARGUS INVESTORS' COUNSEL PAGE 2
------------------------------------------------------------------------------------------------------------------------------------
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
------------------------------------------------------------------------------------------------------------------------------------
DISNEY WALT CO COMMON 254687106 17482508 450435 450435 439935 1400
DOW CHEM CO COMMON 260543103 15845117 524890 524890 512790
EASTMAN KODAK CO COMMON 277461109 18739823 314955 314955 308355 400
EL PASO ENERGY CORP DEL COMMON 283905107 19421195 381275 381275 373375 300
EMERSON ELEC CO COMMON 291011104 17368378 287675 287675 281675
EXXON MOBIL CORP COMMON 30231G102 11842275 150857 150857 146357
FEDERAL NATL MTG ASSN COMMON 313586109 16768888 321320 321320 314220 400
FEDEX CORP COMMON 31428X106 19524210 513795 513795 502745 650
FORD MTR CO DEL COMMON 345370100 12686075 295025 295025 286625
GANNETT INC COMMON 364730101 18396232 307565 307565 300065 1200
GENERAL ELEC CO COMMON 369604103 19318500 364500 364500 356400 300
GENERAL MTRS CORP COMMON 370442105 1919314 33056 33056 32656 400
GENUINE PARTS CO COMMON 372460105 1334280 66714 66714 66714
GILLETTE CO COMMON 375766102 19716105 564325 564325 551775 750
HEWLETT PACKARD CO COMMON 428236103 16863120 135040 135040 130740 1100
HOME DEPOT INC COMMON 437076102 18812954 376730 376730 368930 400
INGERSOLL-RAND CO COMMON 456866102 17332938 430632 430632 421332 500
INTEL CORP COMMON 458140100 18593926 139085 139085 135885 300
INTERNATIONAL BUSINESS M COMMON 459200101 17280198 157720 157720 154320
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 299246035 5815594 5815594 5684894 8100
FORM 13F 6/30/00
REPORTING MANAGER; ARGUS INVESTORS' COUNSEL PAGE 3
------------------------------------------------------------------------------------------------------------------------------------
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
------------------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL FLAVORS&FR COMMON 459506101 365571 12110 12110 12110
INTL PAPER CO COMMON 460146103 16530763 554491 554491 543591
KIMBERLY CLARK CORP COMMON 494368103 18284265 318680 318680 311680 400
MAY DEPT STORES CO COMMON 577778103 213600 8900 8900 8450 450
MCDONALDS CORP COMMON 580135101 17976464 545775 545775 534175 600
MICROSOFT CORP COMMON 594918104 18687200 233590 233590 226990 2000
MINNESOTA MNG & MFG CO COMMON 604059105 14465550 175340 175340 174740 600
MORGAN J P & CO INC COMMON 616880100 2287847 20775 20775 20275 500
MORGAN STANLEY DEAN WITT COMMON 617446448 16108875 193500 193500 188800
MOTOROLA INC COMMON 620076109 17341739 596705 596705 584005 600
PEPSICO INC COMMON 713448108 13154389 296020 296020 295420 600
PFIZER INC COMMON 717081103 19352880 403185 403185 394885
PHELPS DODGE CORP COMMON 717265102 10527409 283090 283090 283090
PITNEY BOWES INC COMMON 724479100 10096000 252400 252400 252400
PROCTER & GAMBLE CO COMMON 742718109 932603 16290 16290 16290
QUALCOMM INC COMMON 747525103 16840500 280675 280675 274575
ROYAL DUTCH PETE CO COMMON 780257804 4069281 66100 66100 66100
SCHLUMBERGER LTD COMMON 806857108 18751770 251280 251280 245980 300
STAPLES INC COMMON 855030102 16531584 1075225 1075225 1052675 1050
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 232518290 5584131 5584131 5486231 7100
FORM 13F 6/30/00
REPORTING MANAGER; ARGUS INVESTORS' COUNSEL PAGE 4
------------------------------------------------------------------------------------------------------------------------------------
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
------------------------------------------------------------------------------------------------------------------------------------
TXU CORP COMMON 873168108 9145000 310000 310000 310000
UNILEVER N V COMMON 904784709 14980254 348378 348378 341178
UNION PAC CORP COMMON 907818108 2099048 56445 56445 56445
VERIZON COMMUNICATIONS COMMON 92343V104 2309835 45458 45458 45458
VISTEON CORP COMMON 92839U107 468328 38625 38625 37526
WAL MART STORES INC COMMON 931142103 19710113 342041 342041 333241 2500
WALGREEN CO COMMON 931422109 20485091 636430 636430 623830 200
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 69197669 1777377 1777377 1747678 2700
--------- --------- --------- --------- --------- --------- --------- ---------
REPORT TOTALS 840012423 18867081 18867081 18500548 25755
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07/26/00 CA53H
4:26 END OF COMPANY 53 REPORTS ACTY 2
ARGUS INVESTORS' COUNSEL
13F REPORT 00015317 SDUPRODN
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07/26/00 CA53H
4:26 END OF COMPANY 53 REPORTS ACTY 2
ARGUS INVESTORS' COUNSEL
13F REPORT 00015317 SDUPRODN
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</TABLE>
