FORM 13F COVER PAGE
Report for the Quarter Ended: December 31, 1999
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: Herman Roseman
Title: President
Phone: 203-316-9000
Signature, Place, and Date of Signing
Herman I. Roseman Stamford, CT February 2, 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:530
Form 13F Information Table Value Total:1,155,294,023
List of other Included managers:NONE
FORM 13F INFORMATION TABLE
<TABLE> <C> <C>
FORM 13F
12/31/99
REPORTING MANAGER; ARGUS INVESTORS' COUNSEL
PAGE 1
- -----------------------------------------------------------------------------------------------------------------------
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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 19726022 388212 388212 381612
900
ABBOTT LABS COMMON 002824100 4128005 113680 113680 106980
AIR PRODS & CHEMS INC COMMON 009158106 26336460 784699 784699 770499
1000
ALBERTSONS INC COMMON 013104104 24339559 754715 754715 741915
ALCOA INC COMMON 013817101 32119755 386985 386985 378885
AMERICA ONLINE INC DEL COMMON 02364J104 23433994 308850 308850 303050
400
AMERICAN EXPRESS CO COMMON 025816109 25096269 150955 150955 147555
500
AMERICAN INTL GROUP INC COMMON 026874107 27537276 254680 254680 250780
ARCHER DANIELS MIDLAND C COMMON 039483102 1708667 140921 140921 140921
ATLANTIC RICHFIELD CO COMMON 048825103 536300 6200 6200 6200
AUTOMATIC DATA PROCESSIN COMMON 053015103 22635043 420140 420140 419340
800
BP AMOCO P L C COMMON 055622104 3547718 59814 59814 59414
400
BECTON DICKINSON & CO COMMON 075887109 19275532 715565 715565 706465
CATERPILLAR INC DEL COMMON 149123101 21749934 462150 462150 449650
600
CHASE MANHATTAN CORP NEW COMMON 16161A108 21597125 278000 278000 273300
CISCO SYS INC COMMON 17275R102 28920536 269970 269970 264670
400
COCA COLA CO COMMON 191216100 4223125 72500 72500 67500
COLUMBIA/HCA HEALTHCARE COMMON 197677107 19932500 680000 680000 680000
DEERE & CO COMMON 244199105 2095663 48315 48315 48315
--------- --------- --------- --------- --------- --------- -------
- -- ---------
COLUMN TOTALS 328939483 6296351 6296351 6197051
5000
FORM 13F
12/31/99
REPORTING MANAGER; ARGUS INVESTORS' COUNSEL
PAGE 2
- -----------------------------------------------------------------------------------------------------------------------
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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)
- -----------------------------------------------------------------------------------------------------------------------
- -------------
DELTA AIR LINES INC DEL COMMON 247361108 20949643 420570 420570 413720
550
DISNEY WALT CO COMMON 254687106 23724529 811095 811095 798495
1400
DOW CHEM CO COMMON 260543103 27523409 205975 205975 202575
EASTMAN KODAK CO COMMON 277461109 23435606 353745 353745 346745
400
EL PASO ENERGY CORP DEL COMMON 283905107 16968049 437180 437180 427580
300
EMERSON ELEC CO COMMON 291011104 20118544 350650 350650 344750
EXXON MOBIL CORP COMMON 30231G102 17979778 223178 223178 218678
FEDERAL NATL MTG ASSN COMMON 313586109 19333148 309640 309640 305640
200
FEDEX CORP COMMON 31428X106 24088943 588425 588425 579925
500
FORD MTR CO DEL COMMON 345370100 18852633 353625 353625 347225
GTE CORP COMMON 362320103 2807329 39785 39785 39785
GANNETT INC COMMON 364730101 26744752 327905 327905 321405
1200
GENERAL ELEC CO COMMON 369604103 28413648 183610 183610 180510
GENERAL MTRS CORP COMMON 370442105 3124472 42985 42985 42585
400
GENUINE PARTS CO COMMON 372460105 5384908 217024 217024 217024
GILLETTE CO COMMON 375766102 16273181 395100 395100 385700
600
GOODYEAR TIRE & RUBR CO COMMON 382550101 13380200 476800 476800 476600
200
HEINZ H J CO COMMON 423074103 1474416 37034 37034 37034
HEWLETT PACKARD CO COMMON 428236103 19028100 167280 167280 166080
1200
--------- --------- --------- --------- --------- --------- -------
- -- ---------
COLUMN TOTALS 329605287 5941606 5941606 5852056
6950
FORM 13F
12/31/99
REPORTING MANAGER; ARGUS INVESTORS' COUNSEL
PAGE 3
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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)
- -----------------------------------------------------------------------------------------------------------------------
- -------------
INGERSOLL-RAND CO COMMON 456866102 25851954 469502 469502 459102
300
INTEL CORP COMMON 458140100 24014672 291750 291750 286150
300
INTERNATIONAL BUSINESS M COMMON 459200101 26729268 247780 247780 243280
INTERNATIONAL FLAVORS&FR COMMON 459506101 1628598 43285 43285 43085
200
INTL PAPER CO COMMON 460146103 26616884 471617 471617 463764
KIMBERLY CLARK CORP COMMON 494368103 28621577 437388 437388 429988
400
MAY DEPT STORES CO COMMON 577778103 18700775 579869 579869 579419
450
MCDONALDS CORP COMMON 580135101 17521828 434650 434650 424750
300
MICROSOFT CORP COMMON 594918104 28915239 247668 247668 241468
2100
MINNESOTA MNG & MFG CO COMMON 604059105 3812231 38950 38950 38350
600
MORGAN J P & CO INC COMMON 616880100 2942132 23235 23235 22735
500
MORGAN STANLEY DEAN WITT COMMON 617446448 22440300 157200 157200 153800
MOTOROLA INC COMMON 620076109 29781313 202250 202250 198450
NORFOLK SOUTHERN CORP COMMON 655844108 359775 17550 17550 17550
PPG INDS INC COMMON 693506107 23220385 371155 371155 365255
PEPSICO INC COMMON 713448108 18626276 528405 528405 528005
400
PFIZER INC COMMON 717081103 20756918 639905 639905 630305
PHELPS DODGE CORP COMMON 717265102 21262876 315590 315590 315590
PITNEY BOWES INC COMMON 724479100 13161774 272430 272430 272430
--------- --------- --------- --------- --------- --------- -------
- -- ---------
COLUMN TOTALS 354964777 5790179 5790179 5713476
5550
FORM 13F
12/31/99
REPORTING MANAGER; ARGUS INVESTORS' COUNSEL
PAGE 4
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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)
- -----------------------------------------------------------------------------------------------------------------------
- -------------
PROCTER & GAMBLE CO COMMON 742718109 1355288 12370 12370 12370
RAYTHEON CO COMMON 755111408 23174852 872465 872465 855665
ROYAL DUTCH PETE CO COMMON 780257804 3960788 65400 65400 65400
SCHLUMBERGER LTD COMMON 806857108 21748045 387493 387493 379293
300
STAPLES INC COMMON 855030102 14090288 679050 679050 668450
600
TEXAS UTILS CO COMMON 882848104 12782941 359450 359450 359450
UNILEVER N V COMMON 904784709 20609874 378597 378597 372397
UNION PAC CORP COMMON 907818108 18056786 413317 413317 413317
WAL MART STORES INC COMMON 931142103 23475887 339615 339615 330715
2000
TRANSOCEAN SEDCO FOREX COMMON G90078109 2529729 75094 75094 73507
58
--------- --------- --------- --------- --------- --------- -------
- -- ---------
COLUMN TOTALS 141784477 3582851 3582851 3530564
2958
--------- --------- --------- --------- --------- --------- -------
- -- ---------
REPORT TOTALS 1155294023 21610987 21610987 21293147
20458
========= ========= ========= ========= ========= =========
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01/29/00 CA53F
10:29 END OF COMPANY 53 REPORTS ACTY 2
ARGUS INVESTORS' COUNSEL
13F REPORT 00002687 SDUPRODN
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01/29/00 CA53F
10:29 END OF COMPANY 53 REPORTS ACTY 2
ARGUS INVESTORS' COUNSEL
13F REPORT 00002687 SDUPRODN
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</TABLE>
