FLIPPIN BRUCE & PORTER INC /ADV
13F-HR, 1999-11-01
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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, 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:  Flippin, Bruce & Porter, Inc.

Address:  800 Main Street
2nd Floor
Lynchburg, VA 24504

13F File Number:  28-1905

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:  R. Gregory Porter, III
Title:  Principal
Phone: (804) 845-4900
Signature, Place, and Date of Signing:
R. Gregory Porter, III  Lynchburg, Virginia  November 1, 1999

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.
<PAGE>

FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers: 1

Form 13F Information Table Entry Total:  207

Form 13F Information Table Value Total:  2288999


List of Other Included Managers:
No.     13F FileName
01              TRUST COMPANY OF KNOXVILLE
<PAGE>

<TABLE> <C>                             <C>
FORM 13F INFORMATION TABLE

                        VALUE   SHARES/ SH/     PUT/    INVESTMEOTHER   VOTING AUTHORITY
NAME OF TITLE OFCUSIP   (X$1000)PRN AMT PRN     CALL    DISCRETIMANAGERSSOLE    SHARED  NONE

ABBOTT LCOM     00282410 1928.05   52545SH              Sole               48745            3800
AEGON N COM     00792410     476    5500SH              Sole                5500
AETNA INCOM     0081171037015.28  751582SH              Sole              677332           74250
                             414    8400SH              Defined 01             0            8400
ALCOA, ICOM     01381710     292    4700SH              Sole                4700
AMERICANCOM     0258161018136.68  134343SH              Sole              119843           14500
                             540    4000SH              Defined 01             0            4000
AMERICANCOM     02635110     247    3900SH              Sole                3900
AMERICANCOM     026375101443.746   56060SH              Sole               45560           10500
AMERICANCOM     02660910 1086.15   26175SH              Sole               26175
AMERICANCOM     0268741010381.32  119411SH              Sole              107599           11812
AMERITECCOM     03095410     463    6936SH              Sole                5936            1000
AMGEN INCOM     0311621056705.99  695777SH              Sole              633977           61800
                             619    7600SH              Defined 01             0            7600
ANHEUSERCOM     03522910     413    5900SH              Sole                5900
APPLEBEECOM     0378991044083.28 1308606SH              Sole             1214556           94050
                             438   13000SH              Defined 01             0           13000
APPLIED COM     03822210     513    6600SH              Sole                6000             600
ARCHER DCOM     0394831028630.47 2361312SH              Sole             2115437          245875
                             611   50400SH              Defined 01             0           50400
AT&T CORCOM     00195710    1905   43788SH              Sole               41988            1800
ATLANTICCOM     04882510     213    2400SH              Sole                2400
AUTOMATICOM     05301510     293    6572SH              Sole                6572
AUTOZONECOM     05333210     281   10000SH              Sole               10000
AVADO BRCOM     05336P102130.025  378660SH              Sole              333860           44800
BAKER HUCOM     05722410     361   12433SH              Sole               12433
BANK OF COM     06050510 53973.2  969217SH              Sole              881301           87916
                             807   14500SH              Defined 01             0           14500
BANK OF COM     06605R10     442   10200SH              Sole               10200
BANK OF COM     06240110     374   13126SH              Sole               13126
BANK ONECOM     06423A1054157.74 1555681SH              Sole             1405749          149932
                             717   20600SH              Defined 01             0           20600
BAXTER ICOM     07181310 242.506    4025SH              Sole                4025
BELL ATLCOM     07785310    3506   52084SH              Sole               51260             824
BELLSOUTCOM     07986010     651   14476SH              Sole               12624            1852
BELO A HCOM     08055510     191   10000SH              Sole               10000
BOEING CCOM     09702310     226    5300SH              Sole                5300
BP AMOCOCOM     05562210     419    3781SH              Sole                3781
BRISTOL-COM     1101221049040.46  726522SH              Sole              669922           56600
                             594    8800SH              Defined 01             0            8800
CABLE & COM     12683020     225    6800SH              Sole                6800
CBRL GROCOM     12489V1029232.02 1885911SH              Sole             1711305          174606
                             274   17700SH              Defined 01             0           17700
CENDANT COM     1513131061804.78 3481978SH              Sole             3155478          326500
                             639   36000SH              Defined 01             0           36000
CHASE MACOM     16161A1066262.47  879101SH              Sole              801701           77400
                             829   11000SH              Defined 01             0           11000
CIRCUIT COM     1727371050860.73 1205582SH              Sole             1104382          101200
                             633   15000SH              Defined 01             0           15000
CISCO SYCOM     17275R10     309    4500SH              Sole                4100             400
CITIGROUCOM     1729671071808.81 1632022SH              Sole             1484329          147693
                             863   19625SH              Defined 01             0           19625
COASTAL COM     19044110     344    8400SH              Sole                8400
COCA COLCOM     19121610    1426   29545SH              Sole               27545            2000
COMPAQ CCOM     2044931035626.59 1557425SH              Sole             1397591          159834
                             482   21075SH              Defined 01             0           21075
CONAGRA COM     20588710     293   13000SH              Sole               13000
CROWN COCOM     2282551037819.76 1559594SH              Sole             1403994          155600
                             594   24500SH              Defined 01             0           24500
CSX CORPCOM     12640810     307    7240SH              Sole                6400             840
DEERE & COM     24419910     634   16400SH              Sole               16400
DEVON ENCOM     25179M10822.0079   19835SH              Sole               19835
DILLARDSCOM     25406710 61078.9 3006955SH              Sole             2740755          266200
                             652   32100SH              Defined 01             0           32100
DIMON INCOM     254394103019.131  779250SH              Sole              722450           56800
DISNEY WCOM     25468710     400   15375SH              Sole               15375
DONNELLECOM     2578671021222.64  734985SH              Sole              631585          103400
                             326   11300SH              Defined 01             0           11300
DOW CHEMCOM     2605431023544.26  207212SH              Sole              187862           19350
                             682    6000SH              Defined 01             0            6000
DU PONT COM     26353410    1117   18457SH              Sole               18057             400
EASTMAN COM     2774611060985.44  806415SH              Sole              730365           76050
                             756   10000SH              Defined 01             0           10000
EATON COCOM     27805810     395    4580SH              Sole                3500            1080
EL PASO COM     28390510 2238.15   55600SH              Sole               55600
ELAN PLCCOM     28413120     332    9900SH              Sole                9900
ELECTRONCOM     2856611057685.36 1089688SH              Sole              983288          106400
                             794   15000SH              Defined 01             0           15000
EMERSON COM     29101110     310    4900SH              Sole                4900
ENGELHARCOM     2928451013359.23  731990SH              Sole              663090           68900
EQUITABLCOM     2945491015788.18  417531SH              Sole              371831           45700
                              79    2100SH              Defined 01             0            2100
ETHYL COCOM     29765910     770  198757SH              Sole              194797            3960
EXXON COCOM     30229010 3521.32   46329SH              Sole               43629            2700
FANNIE MCOM     31358610    1045   16671SH              Sole               16671
FDX CORPCOM     31304N1042070.83 1082216SH              Sole              989716           92500
                             459   11800SH              Defined 01             0           11800
FIRST DACOM     319963102657.969   60584SH              Sole               57184            3400
FIRST UNCOM     337358102485.413   69760SH              Sole               64760            5000
FLEET FICOM     33891510     912   24900SH              Sole               24900
FREDDIE COM     31340030  4630.6   89050SH              Sole               84850            4200
GENERAL COM     3696041028583.66  241085SH              Sole              215985           25100
                             451    3800SH              Defined 01             0            3800
GENUINE COM     372460101071.321   40350SH              Sole               38150            2200
GLOBAL CCOM     G3921A10     201    7585SH              Sole                7585
GREAT LACOM     3905681025473.72  669259SH              Sole              608859           60400
                             236    6200SH              Defined 01             0            6200
GTE CORPCOM     3623201039685.01  516222SH              Sole              468648           47574
                             369    4800SH              Defined 01             0            4800
HALLIBURCOM     40621610    1682   41033SH              Sole               38033            3000
HARRIS CCOM     41387510 32163.5 1164286SH              Sole             1050236          114050
                             323   11700SH              Defined 01             0           11700
HARTFORDCOM     41651510     801   19600SH              Sole               19600
HEWLETT COM     4282361046851.74  516276SH              Sole              463426           52850
                             554    6100SH              Defined 01             0            6100
IKON OFFCOM     4517131022615.37 2116030SH              Sole             1910430          205600
                             278   26000SH              Defined 01             0           26000
INTEL COCOM     45814010    1318   17730SH              Sole               15930            1800
INTL BUSCOM     45920010123293.3 1018954SH              Sole              925454           93500
                            1270   10500SH              Defined 01             0           10500
JEFFERSOCOM     47507010     339    5371SH              Sole                5371
JOHNSON COM     4781601037507.17  408242SH              Sole              361942           46300
                             616    6700SH              Defined 01             0            6700
K MART CCOM     4825841027721.43 2371910SH              Sole             2157010          214900
                             380   32500SH              Defined 01             0           32500
KERR MCGCOM     4923861041699.86  757322SH              Sole              683496           73826
                             385    7000SH              Defined 01             0            7000
KEYCORP COM     49326710     338   13100SH              Sole               13100
KLA INSTCOM     48248010     396    6100SH              Sole                6100
MALLINCKCOM     5612321052261.08 1731222SH              Sole             1581322          149900
                             664   22000SH              Defined 01             0           22000
MANDALAYCOM     56256710     630   31900SH              Sole               28900            3000
MARSH & COM     5717481011780.47  171977SH              Sole              152827           19150
MAY DEPTCOM     57777810     342    9384SH              Sole                9384
MCDONALDCOM     58013510     580   13400SH              Sole               13400
MERCK & COM     5893311037861.57  584170SH              Sole              524270           59900
                             486    7500SH              Defined 01             0            7500
MICROSOFCOM     59491810     435    4800SH              Sole                4800
MINNESOTCOM     60405910     451    4700SH              Sole                4700
MOBIL COCOM     60705910 3730.25   37026SH              Sole               35626            1400
MORGAN JCOM     61688010     311    2720SH              Sole                2720
MOTOROLACOM     62007610   620.4    7050SH              Sole                7050
NORFOLK COM     65584410    5299  216304SH              Sole              204829           11475
NOVELL ICOM     6700061044893.11 2170042SH              Sole             1965742          204300
                             641   31000SH              Defined 01             0           31000
OCCIDENTCOM     67459910     957   41400SH              Sole               41400
OCTEL COCOM     67572710    1883  167349SH              Sole              160174            7175
OLSTEN CCOM     6813851037067.55 3551366SH              Sole             3242866          308500
                             324   31000SH              Defined 01             0           31000
ONE VALLCOM     68241910     706   20466SH              Sole               20466
OWENS COCOM     69073F10415.1688   19150SH              Sole               19150
PAGING NCOM     695542102244.598 2176623SH              Sole             1975352          201271
PARTY CICOM     70214510     253  126300SH              Sole               85300           41000
PENNZOILCOM     709323101047.921   82976SH              Sole               82476             500
PEP BOYSCOM     7132781034945.11 2349275SH              Sole             2102275          247000
                             527   35400SH              Defined 01             0           35400
PEPSICO COM     713448102185.178   71642SH              Sole               68642            3000
PFIZER ICOM     717081102288.503   63800SH              Sole               59000            4800
PHARMACICOM     71694110 17558.9  353828SH              Sole              313328           40500
                             372    7500SH              Defined 01             0            7500
PHILIP MCOM     7181541039387.27 1152098SH              Sole             1084998           67100
                             557   16300SH              Defined 01             0           16300
PHILLIPSCOM     71850710     250    5134SH              Sole                5134
PHYCOR ICOM     71940F10     547  125000SH              Sole              125000
PIMCO ADCOM     69338P10    3407  108143SH              Sole              103384            4759
PLUMA INCOM     72927210      12   24000SH              Sole               24000
PRAXAIR COM     74005P10    1069   23234SH              Sole               23234
PROCTER COM     74271810    1603   17100SH              Sole               17100
PROVIDIACOM     74406A10     752    9500SH              Sole                9500
ROYAL DUCOM     78025780     685   11600SH              Sole               11600
SBC COMMCOM     78387G10     848   16602SH              Sole               16602
SCHLUMBECOM     80685710 50276.6  806845SH              Sole              721645           85200
                             723   11600SH              Defined 01             0           11600
SERVICE COM     8175651039405.79 3730720SH              Sole             3416620          314100
                             355   33600SH              Defined 01             0           33600
SHAW INDCOM     8202861022393.44 1410631SH              Sole             1300531          110100
                             286   18000SH              Defined 01             0           18000
SHERWIN COM     82434810     226   10800SH              Sole               10800
SLM HOLDCOM     78442A1055832.63 1298432SH              Sole             1177707          120725
                             778   18100SH              Defined 01             0           18100
SOLECTROCOM     83418210     359    5000SH              Sole                5000
SONAT INCOM     8354151011368.15  286435SH              Sole              225535           60900
ST PAUL COM     79286010 20548.7  747230SH              Sole              637730          109500
                             660   24000SH              Defined 01             0           24000
SUN MICRCOM     86681010     707    7600SH              Sole                7600
SUNTRUSTCOM     86791410    1485   22580SH              Sole               22580
TENET HECOM     88033G10 477.532   27190SH              Sole               27190
TEXAS UTCOM     88284810     291    7800SH              Sole                7800
TORCHMARCOM     89102710     250    9650SH              Sole                9650
TOYS R UCOM     8923351042040.92 2802761SH              Sole             2546261          256500
                             390   26000SH              Defined 01             0           26000
TRINITY COM     8965221020517.45  664540SH              Sole              593540           71000
                             355   11500SH              Defined 01             0           11500
TULTEX CCOM     89990010      27   88000SH              Sole               88000
TYCO INTCOM     902124103649.694   94393SH              Sole               94393
U S WESTCOM     91273H102631.239   74822SH              Sole               74822
UNION PACOM     9078181021713.48  451766SH              Sole              407216           44550
                             625   13000SH              Defined 01             0           13000
UNION PACOM     90783410     533   32800SH              Sole               32800
UNION PLCOM     90806810     272    6666SH              Sole                6666
UNITED DCOM     9101971039096.85 3494672SH              Sole             3104672          390000
                             436   39000SH              Defined 01             0           39000
UNITED HCOM     9105811016608.49  341115SH              Sole              318815           22300
UNITED TCOM     91301710     547    9219SH              Sole                9219
UNOCAL CCOM     91528910    1167   31500SH              Sole               31500
UNUMPROVCOM     91529Y10     603   20500SH              Sole               20500
UST INC COM     9029111021990.17  728436SH              Sole              685286           43150
                             235    7800SH              Defined 01             0            7800
USX-MARACOM     902905821496.177   51165SH              Sole               49165            2000
WACHOVIACOM     92977110     419    5332SH              Sole                5332
WAL MARTCOM     9311421055508.43 1167068SH              Sole             1068168           98900
                             704   14800SH              Defined 01             0           14800
WASTE MGCOM     94106L1036121.33 1876451SH              Sole             1711190          165261
                             414   21500SH              Defined 01             0           21500
WEYERHAECOM     96216610     426    7400SH              Sole                7400
WILLIAMSCOM     96945710     222    5902SH              Sole                5902
XEROX COCOM     98412110    3979   94880SH              Sole               94880

COLUMN TOTALS            228899977853487                                69914047       0 7939440
</TABLE>



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