FORM 13F COVER PAGE
Report for the Quarter Ended: September 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 November 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:489
Form 13F Information Table Value Total:841,701,479
List of other Included managers:NONE
FORM 13F INFORMATION TABLE
<TABLE> <C> <C>
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10/31/00 CA53J
16: 1 BEGINNING OF COMPANY 53 REPORTS ACTY 2
ARGUS INVESTORS' COUNSEL
13F REPORT 00020869 SDUPRODN
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FORM 13F 9/30/00
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 15866906 540150 540150 525850 1300
ABBOTT LABS COMMON 002824100 6677775 140400 140400 131500
AIR PRODS & CHEMS INC COMMON 009158106 14040324 390009 390009 389009 1000
ALBERTSONS INC COMMON 013104104 17497830 833230 833230 833230
ALCOA INC COMMON 013817101 18104386 715235 715235 698685 850
AMERICA ONLINE INC DEL COMMON 02364J104 17638331 328155 328155 320855 400
AMERICAN EXPRESS CO COMMON 025816109 20307206 334275 334275 326225 1400
AMERICAN INTL GROUP INC COMMON 026874107 20285846 212001 212001 207501 300
ARCHER DANIELS MIDLAND C COMMON 039483102 1460006 169276 169276 169276
AUTOMATIC DATA PROCESSIN COMMON 053015103 18657122 278985 278985 278485 500
AUTOMATIC DATA PROCESSIN COMMON 053015103 205306 3070 3070 T 3070
BP AMOCO P L C COMMON 055622104 4280068 80756 80756 80356 400
BECTON DICKINSON & CO COMMON 075887109 18533084 701015 701015 685615
CATERPILLAR INC DEL COMMON 149123101 1434881 42515 42515 41915 600
CHASE MANHATTAN CORP NEW COMMON 16161A108 15784578 341750 341750 333750 500
CISCO SYS INC COMMON 17275R102 16573343 299970 299970 293070 500
COCA COLA CO COMMON 191216100 6239599 113190 113190 106090
DEERE & CO COMMON 244199105 2549610 76680 76680 76680
DELTA AIR LINES INC DEL COMMON 247361108 17206184 387745 387745 378695 550
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 233342386 5988407 5988407 5879857 8300
FORM 13F 9/30/00
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 18797771 491445 491445 479445 1400
DOW CHEM CO COMMON 260543103 17826697 714855 714855 699355
EASTMAN KODAK CO COMMON 277461109 16368394 400450 400450 390550 400
EL PASO ENERGY CORP DEL COMMON 283905107 19355488 314085 314085 307785 300
EMERSON ELEC CO COMMON 291011104 18750955 279865 279865 273865
EXXON MOBIL CORP COMMON 30231G102 13888438 155831 155831 151331
FEDERAL NATL MTG ASSN COMMON 313586109 21068548 294665 294665 288565 400
FEDEX CORP COMMON 31428X106 20495057 462225 462225 452075 650
FORD MTR CO DEL COMMON 345370860 15518461 613075 613075 597375
GANNETT INC COMMON 364730101 18458310 348270 348270 339570 1200
GENERAL ELEC CO COMMON 369604103 20158032 349435 349435 341935 300
GENERAL MTRS CORP COMMON 370442105 2426515 37331 37331 36931 400
GENUINE PARTS CO COMMON 372460105 1335786 70074 70074 70074
GILLETTE CO COMMON 375766102 19283290 624560 624560 610560 1000
HEWLETT PACKARD CO COMMON 428236103 15039850 155050 155050 150350 1100
HOME DEPOT INC COMMON 437076102 18893964 356070 356070 348270 400
INGERSOLL-RAND CO COMMON 456866102 18269872 539332 539332 528132 500
INTEL CORP COMMON 458140100 16130198 388095 388095 378495 600
INTERNATIONAL BUSINESS M COMMON 459200101 17967375 159710 159710 156560
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 310032999 6754423 6754423 6601223 8650
FORM 13F 9/30/00
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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)
------------------------------------------------------------------------------------------------------------------------------------
INTL PAPER CO COMMON 460146103 2111859 73616 73616 73616
KIMBERLY CLARK CORP COMMON 494368103 20682159 370565 370565 362465 400
MCDONALDS CORP COMMON 580135101 18931638 627135 627135 612975 760
MICROSOFT CORP COMMON 594918104 17496053 290090 290090 282490 2000
MINNESOTA MNG & MFG CO COMMON 604059105 15909514 174590 174590 173990 600
MORGAN J P & CO INC COMMON 616880100 2680167 16405 16405 15905 500
MORGAN STANLEY DEAN WITT COMMON 617446448 16417603 179550 179550 175550
MOTOROLA INC COMMON 620076109 16739679 592555 592555 579655 600
PEPSICO INC COMMON 713448108 13836570 300795 300795 300195 600
PFIZER INC COMMON 717081103 20308829 451935 451935 443235
PHELPS DODGE CORP COMMON 717265102 12109588 290050 290050 290050
PITNEY BOWES INC COMMON 724479100 11831250 300000 300000 300000
PROCTER & GAMBLE CO COMMON 742718109 1041180 15540 15540 15540
QUALCOMM INC COMMON 747525103 19161619 268935 268935 263235 400
ROYAL DUTCH PETE CO COMMON 780257804 3961869 66100 66100 66100
SCHLUMBERGER LTD COMMON 806857108 18877960 229345 229345 224045 300
STAPLES INC COMMON 855030102 16948884 1194635 1194635 1168735 1400
TXU CORP COMMON 873168108 11055375 279000 279000 279000
UNILEVER N V COMMON 904784709 17561939 363978 363978 355278
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COLUMN TOTALS 257663734 6084819 6084819 5982059 7560
FORM 13F 9/30/00
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)
------------------------------------------------------------------------------------------------------------------------------------
UNION PAC CORP COMMON 907818108 2169031 55795 55795 55795
VERIZON COMMUNICATIONS COMMON 92343V104 2450308 50587 50587 49973 614
WAL MART STORES INC COMMON 931142103 17541851 364506 364506 354406 2500
WALGREEN CO COMMON 931422109 18501170 487675 487675 477175
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 40662360 958563 958563 937349 3114
--------- --------- --------- --------- --------- --------- --------- ---------
REPORT TOTALS 841701479 19786212 19786212 19400488 27624
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16: 1 END OF COMPANY 53 REPORTS ACTY 2
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13F REPORT 00020869 SDUPRODN
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