[TEXT] UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31,2000
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: Gulf Investment Management, Inc.
Address: 820 Gessner
Suite 720
Houston, Tx 77024
13F File Number: 000792016
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: T.C. Toomey
Title: Managing Director
Phone: 713 461 0660
Signature, Place and Date of Signing:
T.C. Toomey Houston, Texas April 10, 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: 0
For 13F Information Table Entry Total: 118
Form 13F Information Table Value Total: 2,028,080,000
List of Other Included Managers:
No. 13F File Number Name
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<TABLE>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A.H. BELO CORP. CL A COM 080555105 250 14000 SH SOLE 14000
A.T. & T. CORPORATION COM 001957109 100362 1782234 SH SOLE 1782234
422 7500 SH OTHER 7500
ABBOTT LABS COM 002824100 13370 379970 SH SOLE 379970
ALBERTSON'S COM 013104104 64809 2099087 SH SOLE 2099087
ALCOA, INC. COM 013817101 67818 965377 SH SOLE 965377
ALLSTATE CORP. COM 020002101 62439 2622108 SH SOLE 2622108
AMERICAN EXPRESS COM 025816109 91057 611377 SH SOLE 611377
AMERICAN GENERAL COM 026351106 50268 895638 SH SOLE 895638
337 6000 SH OTHER 6000
AMERICAN GREETINGS CLASS A COM 026375105 2144 117500 SH SOLE 117500
AMERICAN HOME PRODUCTS COM 026609107 302 5610 SH SOLE 5610
638 11872 SH OTHER 11872
ATLANTIC RICHFIELD COM 048825103 38874 457337 SH SOLE 457337
AVON PRODUCTS COM 054303102 222 7604 SH SOLE 7604
BANC ONE CORP. COM 06423A103 2008 58195 SH SOLE 58195
BANK OF AMERICA CORP. COM 060505104 76010 1449535 SH SOLE 1449535
BAXTER INTERNATIONAL COM 071813109 81110 1293880 SH SOLE 1293880
473 7549 SH OTHER 7549
BECKMAN COULTER, INC. COM 075811109 3145 49000 SH SOLE 49000
BELDEN, INC. COM 077459105 4923 179002 SH SOLE 179002
BELL ATLANTIC COM 077853109 10508 171905 SH SOLE 171905
BP AMOCO PLC COM 055622104 3193 59961 SH SOLE 59961
BRISTOL MYERS COM 110122108 68000 1172417 SH SOLE 1172417
BURLINGTON RESOURCES COM 122014103 31530 852174 SH SOLE 852174
22 600 SH OTHER 600
CAMDEN PROPERTY TRUST COM 133131102 209 7720 SH SOLE 7720
CBS CORP. COM 12490K107 6399 113000 SH SOLE 113000
204 3600 SH OTHER 3600
CHASE MANHATTAN CORP. COM 16161A108 101299 1161854 SH SOLE 1161854
CHEVRON COM 166751107 74121 801851 SH SOLE 801851
333 3600 SH OTHER 3600
CHUBB CORP. COM 171232101 84647 1252871 SH SOLE 1252871
CISCO SYSTEMS, INC. COM 17275R102 278 3600 SH SOLE 3600
COCA COLA COM 191216100 671 14300 SH SOLE 14300
989 21066 SH OTHER 21066
CONOCO, INC. CLASS B COM 208251405 251 9800 SH SOLE 9800
DELPHI AUTOMOTIVE SYS. COM 247126105 60221 3763787 SH SOLE 3763787
45 2795 SH OTHER 2795
DOW JONES & CO., INC. COM 260561105 10761 149845 SH SOLE 149845
DUKE ENERGY CORP. COM 264399106 5831 111060 SH SOLE 111060
219 4177 SH OTHER 4177
DUPONT COM 263534109 63720 1203692 SH SOLE 1203692
148 2800 SH OTHER 2800
EASTMAN KODAK COM 277461109 1048 19288 SH SOLE 19288
24 450 SH OTHER 450
EDWARDS LIFESCIENCES CORP. COM 28176E108 3500 258087 SH SOLE 258087
20 1509 SH OTHER 1509
ELECTRONIC DATA SYSTEMS COM 285661104 64000 997078 SH SOLE 997078
EXXON MOBIL COM 30231G102 2620 33621 SH SOLE 33621
468 6000 SH OTHER 6000
FEDERAL NAT'L MORTGAGE ASSN. COM 313586109 464 8200 SH SOLE 8200
GANNETT INC. COM 364730101 67116 953691 SH SOLE 953691
211 3000 SH OTHER 3000
GENERAL ELECTRIC COM 369604103 960 6170 SH SOLE 6170
1494 9600 SH OTHER 9600
GENERAL MOTORS COM 370442105 6126 73970 SH SOLE 73970
331 4000 SH OTHER 4000
GEORGIA PACIFIC COM 373298108 174 4400 SH SOLE 4400
95 2400 SH OTHER 2400
GTE CORP COM 362320103 2677 37700 SH SOLE 37700
HALLIBURTON COMPANY COM 406216101 830 20180 SH SOLE 20180
230 5600 SH OTHER 5600
HEWLETT PACKARD COM 428236103 455 3425 SH SOLE 3425
INTEL COM 458140100 2916 22100 SH SOLE 22100
2533 19200 SH OTHER 19200
INTL. BUSINESS MACHINES COM 459200101 6838 57946 SH SOLE 57946
472 4000 SH OTHER 4000
JOHNSON & JOHNSON COM 478160104 67179 956278 SH SOLE 956278
JOHNSON CONTROLS COM 478366107 303 5600 SH SOLE 5600
KIMBERLY-CLARK CORPORATION COM 494368103 7026 125332 SH SOLE 125332
LEE ENTERPRISES COM 523768109 3489 133563 SH SOLE 133563
LUBY'S INC. COM 549282101 1493 158200 SH SOLE 158200
LUCENT TECHNOLOGIES, INC. COM 549463107 1165 19028 SH SOLE 19028
MICROSOFT CORP. COM 594918104 425 4000 SH SOLE 4000
MINNESOTA MNG & MFG COM 604059105 192 2167 SH SOLE 2167
266 3000 SH OTHER 3000
McGRAW-HILL COMPANIES COM 580645109 437 9600 SH OTHER 9600
NABISCO COM 629526104 65850 2041853 SH SOLE 2041853
NISOURCE, INC. COM 65473P105 521 30860 SH SOLE 30860
NORDSTROM, INC. COM 655664100 16898 572815 SH SOLE 572815
OMNICOM GROUP COM 681919106 501 5350 SH SOLE 5350
374 4000 SH OTHER 4000
PEPSICO INC. COM 713448108 3224 92443 SH SOLE 92443
PFIZER COM 717081103 3619 98990 SH SOLE 98990
658 18000 SH OTHER 18000
PG&E CORP COM 69331C108 39020 1858108 SH SOLE 1858108
PHARMACIA & UPJOHN, INC. COM 716941109 155 2610 SH SOLE 2610
259 4350 SH OTHER 4350
POLAROID COM 731095105 1195 50300 SH SOLE 50300
PROCTER GAMBLE COM 742718109 23 400 SH SOLE 400
1019 18028 SH OTHER 18028
RENAISSANCE RE HOLDINGS COM G7496G103 4958 121300 SH SOLE 121300
SAFECO CORP. COM 786429100 2048 77110 SH SOLE 77110
SBC COMMUNICATIONS, INC. COM 78387G103 62731 1489156 SH SOLE 1489156
126 3000 SH OTHER 3000
SCHLUMBERGER COM 806857108 90387 1181524 SH SOLE 1181524
214 2800 SH OTHER 2800
SOUTHWEST AIRLINES COM 844741108 116607 5602749 SH SOLE 5602749
SOUTHWEST BANCORP TX COM 84476R109 227 11700 SH SOLE 11700
STERLING BANCSHARES, INC. COM 858907108 266 27844 SH SOLE 27844
TEXACO COM 881694103 302 5616 SH SOLE 5616
TIDEWATER, INC. COM 886423102 2677 84160 SH SOLE 84160
TYCO INTERNATIONAL LTD. COM 902124106 2763 55114 SH SOLE 55114
452 9008 SH OTHER 9008
UNICOM CORP. COM 904911104 6087 166770 SH SOLE 166770
UNION CARBIDE COM 905581104 13 220 SH SOLE 220
233 4000 SH OTHER 4000
UNION PACIFIC COM 907818108 219 5600 SH OTHER 5600
UNOCAL COM 915289102 292 9820 SH SOLE 9820
USEC INC. COM 90333E108 427 90000 SH SOLE 90000
VARIAN SEMICONDUCTOR EQUIP. COM 922207105 248 3900 SH SOLE 3900
WELLPOINT HEALTH NETWORKS COM 94973H108 4118 58933 SH SOLE 58933
WELLS FARGO & CO COM 949746101 79776 1957692 SH SOLE 1957692
WEYERHAEUSER COM 962166104 2663 46715 SH SOLE 46715
142 2500 SH OTHER 2500
XEROX COM 984121103 84489 3249577 SH SOLE 3249577
140 5400 SH OTHER 5400
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