Report for the Calendar Year or Quarter Ended: 09/30/99
Check here if Amendment [X]; Amendment Number: 1
This Amendment (Check only one): [X] is a restatement [ ] adds new holdings
entries
Institutional Investment Manager Filing this Report:
Name: L. Roy Papp & Associates
Address: 6225 North 24th Street, Suite 150
Phoenix, AZ 85016
13F File Number: 28-1889
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: L. Roy Papp
Title: Managing Partner
Phone: 602.956.0980
Signature, Place, and Date of Signing:
L. Roy Papp
Phoenix, Arizona
11/09/99
Report Type (check only one):
[xx] 13F HOLDINGS REPORT. (check here if all holdings of this reporting manager
are reported in this report.)
[ ] 13F NOTICE. (check here if no holdings reported are in this report, and
all holdings are reported by other reporting managers.)
[ ] 13F COMBINATION REPORT. (check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting managers.)
Report Summary:
Number of Other Included Managers: None
Form 13F Information Table Entry Total: 117
Form 13F Information Table Value Total: $1,023,926 (thousands)
Provide a numbered list of the names and 13F file numbers of all institutional
investment managers with respect to which this report is filed, other than the
manager filing this report.
None
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L. ROY PAPP & ASSOCIATES
Form 13F
9/30/1999
Fair
Market Investment DiscretVoting Authority
Value
Issuer Class C (000'S) Shares Sole Share Sole Share None
ABBOTT LABS COM 002824-10- 3,516 95,850 0 95,850 0 0 95,850
AIR EXPRESS INT'L COM 009104-10- 2,790 122,974 40,600 82,374 40,600 0 82,374
ALBERTSON'S COM 013104-10- 9,873 249,558 27,500 222,058 11,000 16,500 222,058
ALLTEL CORP COM 020039-10- 288 4,097 0 4,097 0 0 4,097
AMERICAN HOME PRODUCTS COM 026609-10- 14,653 353,092 73,600 279,492 50,600 23,000 279,492
AMERCIAN INTL GROUP COM 026874-10- 10,576 121,650 105,787 15,863 105,787 0 15,863
AMERICAN POWER CONVERSI COM 029066-10- 50,632 2,664,860 1,574,301,090,560 1,560,30 14,000 1,090,56
AMERICAN TOWER COM 2991220 294 15,000 0 15,000 0 0 15,000
AMGEN COM 031162-10- 245 3,000 0 3,000 0 0 3,000
ANHEUSER-BUSCH COM 035229-10- 4,204 60,000 0 60,000 0 0 60,000
ASTRA COM 046298-10- 861 20,388 0 20,388 0 0 20,388
AUTO DATA PROCESSING COM 053015-10- 9,418 211,057 77,000 134,057 77,000 0 134,057
BMC SOFTWARE COM 055921-10- 11,139 155,654 120,600 35,054 120,600 0 35,054
BOK FINANCIAL COM 05561Q-20- 405 20,759 0 20,759 0 0 20,759
BP AMOCO PLC. COM 055622-10- 1,144 10,319 0 10,319 0 0 10,319
BELL SOUTH COM 079860-10- 335 7,438 0 7,438 0 0 7,438
BELL ATLANTIC COM 077853-10- 242 3,600 0 3,600 0 0 3,600
BERKSHIRE HATHWAY COM 084670-10- 550 10 0 10 0 0 10
BIOMET COM 090613-10- 717 27,253 0 27,253 0 0 27,253
BRISTOL MYERS SQUIBB COM 110122-10- 3,132 46,398 0 46,398 0 0 46,398
CABLE & WIRELESS HKT COM 438579-20- 301 13,854 4,000 9,854 4,000 0 9,854
CVS CORPORATION COM 126650-10- 506 12,400 0 12,400 0 0 12,400
CISCO SYSTEMS COM 17275R-10- 3,441 50,188 44,000 6,188 44,000 0 6,188
CLOROX COM 189054-10- 26,751 699,384 100,400 598,984 84,400 16,000 598,984
COCA COLA COM 191216-10- 1,501 31,110 0 31,110 0 0 31,110
COLGATE PALMOLIVE COM 194162-10- 387 8,456 0 8,456 0 0 8,456
COMPAQ COMPUTER COM 204493-10- 999 43,668 0 43,668 0 0 43,668
COVANCE COM 222816-10- 1,952 201,470 26,000 175,470 26,000 0 175,470
DAYTON HUDSON COM 239753-10- 3,249 54,100 0 54,100 0 0 54,100
DEAN FOODS COM 242361-10- 206 4,727 0 4,727 0 0 4,727
DISNEY, WALT COM 254687-10- 527 20,275 0 20,275 0 0 20,275
DONNELLEY R. R. COM 257867-10- 456 15,800 0 15,800 0 0 15,800
EMC CORP MASS COM 268648-10- 7,787 109,100 95,000 14,100 95,000 0 14,100
EMERSON ELEC COM 291011-10- 9,391 148,625 0 148,625 0 0 148,625
ERICSSON ADR COM 294821-40- 5,270 168,650 41,400 127,250 41,400 0 127,250
EXPEDITORS INT'L COM 302130-10- 940 29,300 27,400 1,900 27,400 0 1,900
EXXON COM 302290-10- 5,428 71,416 0 71,416 0 0 71,416
FANNIE MAE COM 313586-10- 207 3,300 0 3,300 0 0 3,300
FIRST UNION CORP COM 337358-10- 1,233 34,624 0 34,624 0 0 34,624
G & K SERVICES COM 361268-10- 17,041 420,777 126,800 293,977 126,800 0 293,977
GTE COM 362,320,10 506 6,583 0 6,583 0 0 6,583
GENERAL ELECTRIC COM 369604-10- 39,322 331,658 187,100 144,558 187,100 0 144,558
GENERAL INSTRUMENT COM 370120-10- 350 7,300 0 7,300 0 0 7,300
GENERAL MILLS COM 370334-10- 361 4,450 0 4,450 0 0 4,450
GILETTE COMPANY COM 375766-10- 1,334 39,310 34,000 5,310 34,000 0 5,310
GRAINGER, W W COM 384802-10- 5,098 106,076 0 106,076 0 0 106,076
GUIDANT CORP COM 401698-10- 777 14,484 0 14,484 0 0 14,484
H B FULLER COM 359694-10- 493 8,100 4,500 3,600 0 4,500 3,600
HCC INSURANCE HOLDING COM 404132-10- 189 11,250 0 11,250 0 0 11,250
HEINZ COM 423074-10- 1,838 42,754 0 42,754 0 0 42,754
HEWLETT PACKARD COM 428236-10- 56,928 627,307 192,600 434,707 192,600 0 434,707
HILLENBRAND COM 431573-10- 232 8,800 4,000 4,800 0 4,000 4,800
HOME DEPOT INC COM 437076-10- 1,019 14,842 0 14,842 0 0 14,842
HOUGHTON MIFF COM 441560-10- 366 9,000 0 9,000 0 0 9,000
IBM CORP COM 459200-10- 14,293 118,126 89,100 29,026 89,100 0 29,026
ILLINOIS TOOL WORKS COM 452308-10- 239 3,200 0 3,200 0 0 3,200
INTEL CORPORATION COM 458140-10- 92,973 1,251,110 609,200 641,910 593,200 16,000 641,910
INTERPUBLIC GROUP CO. COM 460690-10- 75,789 1,842,898 917,200 925,698 905,200 12,000 925,698
JOHNSON & JOHNSON COM 478160-10- 25,398 276,441 163,000 113,441 163,000 0 113,441
LILLY, ELI COM 532457-10- 17,138 267,004 63,500 203,504 59,500 4,000 203,504
LUCENT TECH COM 549463-10- 819 12,620 0 12,620 0 0 12,620
MANPOWER INC. COM 56418H-10- 1,897 65,120 0 65,120 0 0 65,120
MARSH & McLENNAN COM 571748-10- 1,168 17,044 0 17,044 0 0 17,044
MARSHALL INDUSTRIES COM 572393-10- 453 12,400 6,000 6,400 0 6,000 6,400
MATTEL, INC. COM 577081-10- 4,055 213,425 15,000 198,425 15,000 0 198,425
MAY DEPT STORES COM 577778-10- 1,483 40,691 0 40,691 0 0 40,691
McCORMICK & CO COM 579780-20- 232 7,015 0 7,015 0 0 7,015
McDONALDS COM 580135-10- 47,247 1,092,423 554,100 538,323 545,500 8,600 538,323
MEDTRONICS COM 585055-10- 8,322 234,020 213,200 20,820 213,200 0 20,820
MELLON BANK COM 585509-10- 4,309 128,138 0 128,138 0 0 128,138
MERCK COM 589331-10- 51,139 789,022 398,700 390,322 398,700 0 390,322
MICROSOFT CORP. COM 594918-10- 72,416 799,629 380,500 419,129 360,500 20,000 419,129
MOBIL COM 607056-10- 239 2,372 0 2,372 0 0 2,372
MOLEX CL A 608554-20- 17,481 539,955 355,000 184,955 355,000 0 184,955
MONSANTO COM 611662-10- 257 7,200 0 7,200 0 0 7,200
MOTOROLA COM 620076-10- 18,923 215,034 26,500 188,534 23,500 3,000 188,534
NATIONAL INSTRUMENTS COM 636518-10- 663 18,750 18,750 0 18,750 0 0
NOBLE AFFILIATES COM 654894-10- 290 10,000 0 10,000 0 0 10,000
NORTHERN TRUST COM 665859-10- 13,023 155,970 34,000 121,970 34,000 0 121,970
OKLAHOMA G & E COM 670837-10- 223 10,000 0 10,000 0 0 10,000
OFFICE DEPOT COM 676220-10- 25,431 2,422,041 1,332,001,090,041 1,318,50 13,500 1,090,04
OMNICOM GROUP COM 681919-10- 10,461 132,100 109,000 23,100 109,000 0 23,100
ORACLE SYSTEMS COM 68389X-10- 604 13,275 0 13,275 0 0 13,275
PACIFIC CENTURY COM 694058-10- 260 12,700 0 12,700 0 0 12,700
PEPSICO INC. COM 713448-10- 212 6,950 0 6,950 0 0 6,950
PFIZER COM 717081-10- 5,834 162,630 49,500 113,130 49,500 0 113,130
PITNEY BOWES COM 724479-10- 9,609 157,680 0 157,680 0 0 157,680
PIONEER HI-BRED COM 723686-10- 265 6,675 0 6,675 0 0 6,675
PROCTER & GAMBLE COM 742718-10- 8,165 87,098 3,000 84,098 0 3,000 84,098
RESMED COM 76115-21-0 287 11,000 11,000 0 11,000 0 0
ROYAL DUTCH COM 780257-80- 778 13,180 0 13,180 0 0 13,180
SBC COMMUNICATIONS COM 78387G-10- 1,449 28,378 0 28,378 0 0 28,378
SAFESKIN CORP COM 786454-10- 1,696 206,400 0 206,400 0 0 206,400
SARA LEE COM 803111-10- 3,694 158,026 2,000 156,026 0 2,000 156,026
SCHERING PLOUGH COM 806605-10- 576 13,200 0 13,200 0 0 13,200
SCHLUMBERGER LTD COM 806857-10- 371 5,960 0 5,960 0 0 5,960
SCHWAB, CHARLES COM 808513-10- 1,383 41,350 0 41,350 0 0 41,350
SERVICE CORP COM 817565-10- 9,409 890,839 227,000 663,839 215,000 12,000 663,839
SIGMA-ALDRICH COM 826552-10- 914 28,790 2,000 26,790 0 2,000 26,790
SPRINT CORP COM 852061-10- 2,790 51,428 0 51,428 0 0 51,428
SPRINT PCS COM 69325R-10- 959 12,855 0 12,855 0 0 12,855
STAPLES COM 855030-10- 265 12,150 0 12,150 0 0 12,150
STATE STREET CORP. COM 857477-10- 87,189 1,349,148 482,600 866,548 457,600 25,000 866,548
STEINER LEISURE LTD COM P8744Y-10- 11,741 469,650 394,800 74,850 394,800 0 74,850
STRYKER CORP. COM 863667-10- 639 12,500 11,000 1,500 11,000 0 1,500
SYSCO CORP. COM 871829-10- 10,002 285,249 0 285,249 0 0 285,249
T. ROWE PRICE COM 741477-10- 12,910 470,525 183,500 287,025 183,500 0 287,025
TECHNE COM 878377-10- 461 14,700 11,000 3,700 11,000 0 3,700
THOR INDUSTRIES COM 88516-01-0 255 10,000 0 10,000 0 0 10,000
TORCHMARK CORP COM 891027-10- 287 11,104 0 11,104 0 0 11,104
UNILEVER N.V. COM 904784-50- 286 4,195 0 4,195 0 0 4,195
U S TRUST COM 9128L-10 474 5,900 5,900 0 1,400 4,500 0
VODAFONE AIRTOUCH PLC COM 92857T-10- 374 1,575 0 1,575 0 0 1,575
WALGREEN COM 931422-10- 13,873 546,722 103,000 443,722 103,000 0 443,722
WAL-MART COM 931142-10- 7,170 150,755 81,850 68,905 81,850 0 68,905
WARNER LAMBERT COM 934488-10- 742 11,175 6,000 5,175 6,000 0 5,175
YOUNG & RUBICAM COM 987425-10- 242 5,500 3,000 2,500 3,000 0 2,500
Total 1,023,926 23,519,105
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