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 [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: NWQ INVESTMENT MANAGEMENT CO INC/MA
Address: 2049 Century Park East 4th Floor
Los Angeles, CA 90067
13F File Number: 28-03739_
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: MARY-GENE SLAVEN
Title: Managing-Director
Phone: 310-712-4002_
Signature, Place, and Date of Signing:
Mary-Gene Slaven Los Angeles CA 10/11/2000______
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 EXCHANGE
ACT OF 1934.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers:
Form 13F Information Table Entry Total: 162
Form 13F Information Table Value Total: $4,071,298
List of Other Included Managers:
No. 13F File Number Name
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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTORITY
NAME OF ISSUER TITLE OF CLASS CUSIP NO (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ----------- -------- -------- --------
AT&T CORP COM 001957109 59414 2022615 SH DEFINED 931224 0 1091391
AT&T CORP NEW LIBERTY MEDIA GROUP CL A 001957208 38600 2144462 SH DEFINED 1678776 0 465686
AETNA INC COM 008117103 69777 1201762 SH DEFINED 667354 0 534408
AGILENT TECHNOLOGIES INC COM 00846U101 84680 1730378 SH DEFINED 817078 0 913300
AIR PRODUCTS & CHEMICALS INC COM 009158106 40925 1136795 SH DEFINED 314291 0 822504
ALBERTO-CULVER CO. CLASS A COM 013068200 19002 758175 SH DEFINED 540500 0 217675
ALEXANDRIA REAL EST EQUITIES COM 015271109 1603 46710 SH DEFINED 28125 0 18585
ALLSTATE CORPORATION COM 020002101 947 27240 SH DEFINED 940 0 26300
ALLTEL CORP COM 020039103 69450 1330781 SH DEFINED 643600 0 687181
AMERICAN GENERAL CORP COM 026351106 10936 140210 SH DEFINED 111532 0 28678
AMERICAN INTL GROUP INC COM 026874107 39160 409250 SH DEFINED 162761 0 246489
ANADARKO PETROLEUM COM 032511107 40232 605354 SH DEFINED 180105 0 425249
ANHEUSER BUSCH COS INC COM 035229103 262 6200 SH SOLE 6200 0 0
ATCHISON CASTING CORP COM 046613105 264 67043 SH DEFINED 34950 0 32093
BAKER HUGHES INC COM 057224107 3989 107439 SH DEFINED 25276 0 82163
BANK OF AMERICA CORP COM 060505104 119478 2281199 SH DEFINED 1039187 0 1242012
BEAR STEARNS COMPANIES INC COM 073902108 35202 558754 SH DEFINED 230194 0 328560
BELDEN INC COM 077459105 1655 70052 SH DEFINED 43600 0 26452
BELLSOUTH CORP COM 079860102 313 7780 SH SOLE 7780 0 0
BOEING COMPANY COM 097023105 252 4000 SH SOLE 4000 0 0
BORG WARNER INC COM 099724106 949 28637 SH DEFINED 16645 0 11992
BOWATER INC COM 102183100 9784 210701 SH DEFINED 136050 0 74651
BURLINGTON NORTHERN SANTA FE COM 12189T104 1723 79901 SH DEFINED 8200 0 71701
BURLINGTON RESOURCES INC COM 122014103 282 7650 SH DEFINED 5800 0 1850
CIGNA CORP COM 125509109 26967 258303 SH DEFINED 97 0 258206
CMS ENERGY CORP COM 125896100 2873 106646 SH DEFINED 0 0 106646
CVS CORP COM 126650100 56856 1227655 SH DEFINED 341195 0 886460
CARNIVAL CRUISE LINES-CL A COM 143658102 49063 1992387 SH DEFINED 961028 0 1031359
CATERPILLAR INC COM 149123101 230 6800 SH DEFINED 4400 0 2400
CHASE MANHATTAN CORP COM 16161A108 74566 1614424 SH DEFINED 809514 0 804910
CHEVRON CORP COM 166751107 39427 462482 SH DEFINED 236576 0 225906
CITIGROUP INC COM 172967101 63422 1173131 SH DEFINED 274663 0 898467
COASTAL CORP COM 190441105 85650 1155478 SH DEFINED 372589 0 782889
COFLEXIP-SPONSORED ADR COM 192384105 1851 29727 SH DEFINED 19165 0 10562
COMMERCIAL BANK OF NEW YORK COM 201462108 692 51226 SH DEFINED 37175 0 14051
CONOCO INC -CL B COM 208251405 87554 3250256 SH DEFINED 1609266 0 1640990
CORECOMM LTD (NEW) COM 21869Q108 14245 1794637 SH DEFINED 1327400 0 467237
COUNTRYWIDE CREDIT COM 222372104 65766 1742154 SH DEFINED 1033308 0 708846
DARDEN RESTAURANTS INC COM 237194105 10583 508477 SH DEFINED 316875 0 191602
DEERE & CO COM 244199105 20733 623542 SH DEFINED 201342 0 422200
DEL MONTE FOODS CO COM 24522P103 1465 236797 SH DEFINED 137450 0 99347
DELPHI AUTOMOTIVE SYSTEMS CORP COM 247126105 66670 4407956 SH DEFINED 2003394 0 2404562
DELTA AIR LINES, INC COM 247361108 82921 1868638 SH DEFINED 861038 0 1007600
DIAMOND OFFSHORE DRILLING COM 25271C102 2735 66700 SH DEFINED 61325 0 5375
DILLARDS INC-CL A COM 254067101 9924 934021 SH DEFINED 667850 0 266171
DONCASTERS PLC-SPONSORED ADR COM 257692103 1887 93163 SH DEFINED 47130 0 46033
EMERSON ELECTRIC COMPANY COM 291011104 24750 369400 SH DEFINED 120115 0 249285
ENCOMPASS SERVICES CORP COM 29255U104 1023 125883 SH DEFINED 74047 0 51836
EXXON MOBIL CORP (NEW) COM 30231G102 6322 70935 SH DEFINED 16895 0 54040
FPIC INSURANCE GROUP INC COM 302563101 2234 159602 SH DEFINED 91870 0 67732
FARM FAMILY HOLDINGS INC COM 307901108 1420 44913 SH DEFINED 27150 0 17763
FEDERAL NATL MTG ASSN COM 313586109 88761 1241418 SH DEFINED 508977 0 732441
FEDERATED DEPT STORES INC (NEW) 31410H101 39744 1521303 SH DEFINED 531082 0 990221
FIRST UNION CORP COM 337358105 72240 2244343 SH DEFINED 1154117 0 1090226
FLEET BOSTON FINL CORP COM 339030108 49785 1276545 SH DEFINED 774250 0 502295
FLORIDA PROGRESS CORP COM 341109106 21778 411386 SH DEFINED 162363 0 249023
FORD MOTOR CO (NEW) COM 345370860 73927 2920575 SH DEFINED 1288435 0 1632140
FORTUNE BRANDS, INC. COM 349631101 51813 1955211 SH DEFINED 843041 0 1112170
FRESENIUS MED CARE HLDGS INC SPEC DIV PFD S358030203 4 117144 SH DEFINED 97927 0 19217
GENERAL ELECTRIC COMPANY COM 369604103 3370 58422 SH DEFINED 49422 0 9000
GRANT PRIDECO INC COM 38821G101 9616 438315 SH DEFINED 367993 0 70322
GRIFFON CORP COM 398433102 1422 188021 SH DEFINED 117175 0 70846
HCA - HEALTHCARE CO COM 404119109 40754 1097762 SH DEFINED 685950 0 411812
HALLIBURTON COMPANY COM 406216101 76572 1564697 SH DEFINED 432920 0 1131777
HARTFORD FINL SERVICES GRP INC COM 416515104 134265 1840829 SH DEFINED 918203 0 922626
HASBRO INC COM 418056107 24767 2165437 SH DEFINED 1507100 0 658337
HELLER FINANCIAL INC COM 423328103 43739 1531333 SH DEFINED 1149800 0 381533
HEWLETT-PACKARD COMPANY COM 428236103 59680 615253 SH DEFINED 215167 0 400086
HONEYWELL INTERNATIONAL INC COM 438516106 42824 1202076 SH DEFINED 373998 0 828078
HOUSEHOLD INTL INC COM 441815107 1100 19425 SH DEFINED 15225 0 4200
IMC GLOBAL INC COM 449669100 2183 150540 SH DEFINED 47100 0 103440
IMCO RECYCLING COM 449681105 420 70012 SH DEFINED 30850 0 39162
INDYMAC BANCORP INC COM 456607100 41295 2008261 SH DEFINED 1474700 0 533561
INGERSOLL RAND CO COM 456866102 58774 1735029 SH DEFINED 789077 0 945952
INTERNATIONAL BUSINESS MACHINE COM 459200101 270 2400 SH SOLE 2400 0 0
INTERNATIONAL PAPER COM 460146103 32369 1128319 SH DEFINED 355029 0 773290
JOHNSON & JOHNSON COM 478160104 476 5072 SH SOLE 5072 0 0
KENNAMETAL INC COM 489170100 1325 51459 SH DEFINED 28700 0 22759
LEAR CORPORATION COM 521865105 8270 402180 SH DEFINED 223200 0 178980
LILLY ELI & COMPANY COM 532457108 480 5920 SH SOLE 5920 0 0
LOEWS CORP DEL COM 540424108 28260 338945 SH DEFINED 259200 0 79745
LONGVIEW FIBRE CO COM 543213102 889 74079 SH DEFINED 43300 0 30779
MGIC INVESTMENT CORP COM 552848103 29090 475911 SH DEFINED 416200 0 59711
MANDALAY RESORT GROUP COM 562567107 9394 366597 SH DEFINED 249850 0 116747
MARINE DRILLING CO. COM 568240204 929 32533 SH DEFINED 18600 0 13933
MERCK & COMPANY INCORPORATED COM 589331107 268 3600 SH SOLE 3600 0 0
MIDCOAST RESOURCES TX NEVADA COM 59563W104 1544 75072 SH DEFINED 44900 0 30172
MINNESOTA MINING & MFG CO COM 604059105 58447 641393 SH DEFINED 239601 0 401792
MORGAN J P & CO INC COM 616880100 270 1650 SH SOLE 1650 0 0
MOTOROLA INC COM 620076109 300 10630 SH DEFINED 1300 0 9330
NTL INC COM 629407107 63940 1380610 SH DEFINED 795045 0 585565
NATIONAL CITY CORP CLEVELAND COM 635405103 1020 46102 SH DEFINED 39138 0 6964
NOBLE AFFILIATES INC COM 654894104 39265 1057631 SH DEFINED 818250 0 239381
NOBLE DRILLING CORP COM 655042109 11424 227341 SH DEFINED 187325 0 40016
NORTHERN TRUST CORP COM 665859104 1067 12000 SH SOLE 12000 0 0
OCEAN ENERGY INC (NEW) COM 67481E106 7109 460481 SH DEFINED 320077 0 140404
PACKAGING CORP OF AMERICA COM 695156109 24901 2250947 SH DEFINED 1705050 0 545897
PARKER HANNIFIN CORP COM 701094104 20846 617646 SH DEFINED 477275 0 140371
PENNEY J C COMPANY COM 708160106 635 53750 SH DEFINED 0 0 53750
PEOPLES ENERGY CORP COM 711030106 2513 75300 SH SOLE 75300 0 0
PFIZER INC COM 717081103 1375 30600 SH SOLE 30600 0 0
PHARMACIA CORP (NEW) COM 71713U102 30755 510980 SH DEFINED 394794 0 116186
PHILADELPHIA CONS HLDG CO COM 717528103 1397 66900 SH DEFINED 36850 0 30050
PHILIP MORRIS COMPANIES INC COM 718154107 106677 3623838 SH DEFINED 1803124 0 1820714
PHOTRONICS INC COM 719405102 707 32400 SH DEFINED 19167 0 13233
PITNEY-BOWES, INC COM 724479100 50454 1279349 SH DEFINED 334995 0 944354
PRAXAIR INC. COM 74005P104 85642 2291433 SH DEFINED 1188350 0 1103083
PURE RESOURCES INC COM 74622E102 874 41267 SH DEFINED 19100 0 22167
QUAKER FABRIC CORP COM 747399103 977 186035 SH DEFINED 114625 0 71410
QUANTUM CORP DLT & STORAGE S747906204 19837 1316959 SH DEFINED 933000 0 383959
QUANTUM CORP HARD DISK DRIV747906303 17267 1737533 SH DEFINED 1224600 0 512933
R&B FALCON CORP COM 74912E101 1268 45500 SH SOLE 45500 0 0
RJ REYNOLDS TOBACCO HOLDINGS COM 76182K105 645 20012 SH DEFINED 20000 0 12
RITCHIE BROS. AUCTIONEERS COM 767744105 1232 57617 SH DEFINED 34095 0 23522
ROHM & HAAS CO COM 775371107 77346 2661378 SH DEFINED 1300898 0 1360480
ROPER INDUSTRIES, INC COM 776696106 1170 35246 SH DEFINED 21100 0 14146
SBC COMMUNICATIONS INC COM 78387G103 6448 128951 SH SOLE 128951 0 0
SAPPI LTD SPONSORED ADR COM 803069202 2255 308343 SH DEFINED 179450 0 128893
SARA LEE CORP COM 803111103 27628 1360133 SH DEFINED 1025400 0 334733
SCHERING PLOUGH CORP COM 806605101 423 9092 SH SOLE 9092 0 0
SCHLUMBERGER LIMITED COM 806857108 471 5720 SH DEFINED 2020 0 3700
SCRIPPS E W CO (NEW) COM 811054204 44966 832707 SH DEFINED 646280 0 186427
SMURFIT-STONE CONTAINER CORP COM 832727101 4317 359788 SH DEFINED 220000 0 139788
SNAP - ON INC COM 833034101 12367 524861 SH DEFINED 466700 0 58161
SOUTHERN COMPANY COM 842587107 59392 1830976 SH DEFINED 663034 0 1167942
STAPLES INC. COM 855030102 262 18500 SH SOLE 18500 0 0
TEKTRONIX INC COM 879131100 7486 97462 SH DEFINED 21500 0 75962
TELEPHONE & DATA SYS INC COM 879433100 108633 981332 SH DEFINED 516602 0 464730
TENET HEALTHCARE CORPORATION COM 88033G100 106714 2933706 SH DEFINED 1607395 0 1326311
TEXAS INSTRUMENTS INCORPORATED COM 882508104 41700 883714 SH DEFINED 330809 0 552905
TEXTRON INC COM 883203101 30712 665853 SH DEFINED 109974 0 555879
THOMAS & BETTS CORP COM 884315102 4002 229500 SH DEFINED 152750 0 76750
TIME WARNER INC. COM 887315109 61806 789859 SH DEFINED 230571 0 559288
TITAN INTERNATIONAL INC COM 88830M102 725 126037 SH DEFINED 72800 0 53237
TORCHMARK CORP COM 891027104 36555 1314355 SH DEFINED 965300 0 349055
TOSCO CORP COM NEW COM 891490302 62010 1988283 SH DEFINED 1132965 0 855318
TRIAD GUARANTY INC. COM 895925105 1343 45155 SH DEFINED 27400 0 17755
TROPICAL SPORTSWEAR INTL. COM 89708P102 2141 125941 SH DEFINED 76375 0 49566
TYCO INTL LTD (NEW) COM 902124106 56251 1084347 SH DEFINED 271425 0 812922
USX MARATHON GROUP COM 902905827 857 30200 SH SOLE 30200 0 0
U S BANCORP DEL COM 902973106 237 10434 SH SOLE 10434 0 0
UNILEVER NV NY SHS NEW COM 904784709 9225 191184 SH DEFINED 155859 0 35325
UNICOM CORP COM 904911104 416 7400 SH SOLE 7400 0 0
UNITED STATIONERS INC COM 913004107 1806 67189 SH DEFINED 40175 0 27014
UNITED TECHNOLOGIES CORP COM 913017109 319 4600 SH DEFINED 2800 0 1800
VALERO ENERGY CORP (NEW) COM 91913Y100 1880 53435 SH DEFINED 33450 0 19985
VERIZON COMMUNICATIONS COM 92343V104 47389 978360 SH DEFINED 380560 0 597800
VINTAGE PETROLEUM, INC COM 927460105 1198 52663 SH DEFINED 29900 0 22763
VISTEON CORP COM 92839U107 1292 85444 SH DEFINED 78286 0 7157
WACKENHUT CORP - CL B COM 929794303 614 74468 SH DEFINED 45400 0 29068
WADDELL & REED FINANCIAL COM 930059100 9101 293595 SH DEFINED 276698 0 16897
WALGREEN CO COM 931422109 669 17640 SH SOLE 17640 0 0
WAUSAU-MOSINEE PAPER CORP COM 943315101 1565 201919 SH DEFINED 109050 0 92869
WEATHERFORD INTERNATIONAL COM 947074100 19301 448855 SH DEFINED 371248 0 77607
WELLPOINT HEALTH NETWORKS COM 94973H108 298 3100 SH SOLE 3100 0 0
WELLS FARGO & CO (NEW) COM 949746101 102635 2234242 SH DEFINED 830997 0 1403245
WEYERHAEUSER COMPANY COM 962166104 1447 35840 SH DEFINED 412 0 35428
YORK INTL CORP NEW COM 986670107 15969 641982 SH DEFINED 483310 0 158672
APW LTD COM G04397108 17537 359728 SH DEFINED 293030 0 66698
TRANSOCEAN SEDCO FOREX INC COM G90078109 8416 143548 SH DEFINED 18100 0 125448
STOLT COMEX SEAWAY COM L8873E103 1946 130833 SH DEFINED 77675 0 53158
CNH GLOBAL NV COM N20935107 16109 1610885 SH DEFINED 1229800 0 381085
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