Report for the Calendar Year or Quarter Ended: 6/30/99
Check here if Amendment [ ]; Amendment Number: ____
This Amendment (Check only one): [ ] is a restatement [ ] adds new
holdings entries
Insitutional 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 reprsent 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
7/15/99
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: 123
Form 13F Information Table Value Total: $1,177,326 (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
6/30/1999
Fair
Market Investment DiscretioVoting Authority
Value
Issuer Class CU (000'S) Shares Sole Share Sole Share None
ABBOTT LABS COM 002824-10-0 4,685 103,249 0 103,249 0 0 103,249
AIR EXPRESS INT'L COM 009104-10-0 6,555 258,324 167,600 90,724 167,600 0 90,724
ALBERTSON'S COM 013104-10-4 13,190 255,808 27,500 228,308 11,000 16,500 228,308
ALLTEL CORP COM 020039-10-3 288 4,025 0 4,025 0 0 4,025
AMERICAN HOME PRODUCTS COM 026609-10-7 20,843 363,272 73,600 289,672 50,600 23,000 289,672
AMERCIAN INTL GROUP COM 026874-10-7 11,258 96,020 84,750 11,270 84,750 0 11,270
AMERICAN POWER CONVERSI COM 029066-10-7 53,958 2,681,140 1,622,8001,058,340 1,608,800 140001,058,340
AMGEN COM 031162-10-0 341 5,600 0 5,600 0 0 5,600
ANHEUSER-BUSCH COM 035229-10-3 4,072 57,400 0 57,400 0 0 57,400
ASTRA COM 046298-10-5 1,606 40,995 14,630 26,365 14,630 0 26,365
AUTO DATA PROCESSING COM 053015-10-3 8,025 182,382 69,000 113,382 69,000 0 113,382
BMC SOFTWARE COM 055921-10-0 7,990 147,954 116,100 31,854 116,100 0 31,854
BOK FINANCIAL COM 05561Q-20-1 524 20,759 0 20,759 0 0 20,759
BP AMOCO PLC. COM 055622-10-4 1,120 10,319 0 10,319 0 0 10,319
BANK ONE CORP COM 059438-10-1 214 3,588 0 3,588 0 0 3,588
BELL SOUTH COM 079860-10-2 343 7,438 0 7,438 0 0 7,438
BELL ATLANTIC COM 077853-10-9 235 3,600 0 3,600 0 0 3,600
BERKSHIRE HATHWAY COM 084670-10-8 689 10 0 10 0 0 10
BIOMET COM 090613-10-0 1,264 31,800 3,600 28,200 3,600 0 28,200
BRISTOL MYERS SQUIBB COM 110122-10-8 3,649 51,798 0 51,798 0 0 51,798
BURLINGTON COM 122014-10-3 220 5,093 0 5,093 0 0 5,093
CENTURY TELEPHONE COM 156686-10-7 364 9,150 9,000 150 9,000 0 150
CVS CORPORATION COM 126650-10-0 629 12,400 0 12,400 0 0 12,400
CISCO SYSTEMS COM 17275R-10-2 3,437 53,337 44,000 9,337 44,000 0 9,337
CLOROX COM 189054-10-9 37,301 349,217 50,200 299,017 42,200 8,000 299,017
COCA COLA COM 191216-10-0 2,137 34,465 0 34,465 0 0 34,465
COLGATE PALMOLIVE COM 194162-10-3 360 3,652 0 3,652 0 0 3,652
COMPAQ COMPUTER COM 204493-10-0 1,034 43,668 0 43,668 0 0 43,668
COVANCE COM 222816-10-0 3,877 161,950 20,000 141,950 20,000 0 141,950
CRAWFORD & CO COM 224633-20-6 211 15,618 0 15,618 0 0 15,618
DAYTON HUDSON COM 239753-10-6 3,562 54,800 0 54,800 0 0 54,800
DISNEY, WALT COM 254687-10-6 615 19,974 0 19,974 0 0 19,974
DONNELLEY R. R. COM 257867-10-1 586 15,800 0 15,800 0 0 15,800
EMC CORP MASS COM 268648-10-2 5,869 106,700 93,000 13,700 93,000 0 13,700
EMERSON ELEC COM 291011-10-4 10,958 174,115 0 174,115 0 0 174,115
ERICSSON ADR COM 294821-40-0 7,974 242,100 111,400 130,700 111,400 0 130,700
EXPEDITORS INT'L COM 302130-10-9 689 25,300 23,400 1,900 23,400 0 1,900
EXXON COM 302290-10-1 5,859 75,966 0 75,966 0 0 75,966
FANNIE MAE COM 313586-10-9 225 3,300 0 3,300 0 0 3,300
FIRST UNION CORP COM 337358-10-5 1,632 34,624 0 34,624 0 0 34,624
G & K SERVICES COM 361268-10-5 22,249 424,802 126,500 298,302 126,500 0 298,302
GTE COM 362,320,103 497 6,583 0 6,583 0 0 6,583
GANNETT COM 364730-10-1 214 3,000 0 3,000 0 0 3,000
GENERAL ELECTRIC COM 369604-10-3 39,045 345,533 198,100 147,433 198,100 0 147,433
GENERAL INSTRUMENT COM 370120-10-7 310 7,300 0 7,300 0 0 7,300
GENERAL MILLS COM 370334-10-4 358 4,450 0 4,450 0 0 4,450
GILETTE COMPANY COM 375766-10-2 1,612 39,310 34,000 5,310 34,000 0 5,310
GLAXO WELLCOME ADR COM 37733W-10-5 210 3,700 0 3,700 0 0 3,700
GRAINGER, W W COM 384802-10-4 7,057 131,136 0 131,136 0 0 131,136
GUIDANT CORP COM 401698-10-5 740 14,484 0 14,484 0 0 14,484
H B FULLER COM 359694-10-6 554 8,100 45,000 (36,900) 0 45,000 (36,900)
HCC INSURANCE HOLDING COM 404132-10-2 255 11,250 0 11,250 0 0 11,250
HEINZ COM 423074-10-3 2,278 45,454 0 45,454 0 0 45,454
HEWLETT PACKARD COM 428236-10-3 65,000 646,769 203,600 443,169 203,600 0 443,169
HILLENBRAND COM 431573-10-4 381 8,800 4,000 4,800 0 4,000 4,800
HOME DEPOT INC COM 437076-10-2 1,227 19,042 0 19,042 0 0 19,042
HONG KONG TELECOM COM 438579-20-3 908 33,726 24,000 9,726 24,000 0 9,726
HOUGHTON MIFF COM 441560-10-9 424 9,000 0 9,000 0 0 9,000
IBM CORP COM 459200-10-1 14,971 115,826 88,000 27,826 88,000 0 27,826
ILLINOIS TOOL WORKS COM 452308-10-9 262 3,200 0 3,200 0 0 3,200
INTEL CORPORATION COM 458140-10-0 79,201 1,331,114 691,000 640,114 675,000 16,000 640,114
INTERPUBLIC GROUP CO. COM 460690-10-0 82,745 955,213 490,100 465,113 484,100 6,000 465,113
JOHNSON & JOHNSON COM 478160-10-4 28,106 286,791 172,000 114,791 172,000 0 114,791
LILLY, ELI COM 532457-10-8 17,450 243,629 50,500 193,129 46,500 4,000 193,129
LUCENT TECH COM 549463-10-7 822 12,188 0 12,188 0 0 12,188
MANPOWER INC. COM 56418H-10-0 2,100 92,820 0 92,820 0 0 92,820
MARSH & McLENNAN COM 571748-10-2 1,324 17,494 0 17,494 0 0 17,494
MARSHALL INDUSTRIES COM 572393-10-6 539 15,000 6,000 9,000 0 6,000 9,000
MATTEL, INC. COM 577081-10-2 13,795 528,037 247,300 280,737 247,300 0 280,737
MAY DEPT STORES COM 577778-10-3 1,743 42,641 0 42,641 0 0 42,641
McCORMICK & CO COM 579780-20-6 210 7,015 0 7,015 0 0 7,015
McDONALDS COM 580135-10-1 47,554 1,156,318 603,400 552,918 594,800 8,600 552,918
MEDTRONICS COM 585055-10-6 8,933 114,710 101,700 13,010 101,700 0 13,010
MELLON BANK COM 585509-10-2 4,557 125,278 0 125,278 0 0 125,278
MERCK COM 589331-10-7 56,370 765,634 394,500 371,134 394,500 0 371,134
MICROSOFT CORP. COM 594918-10-4 73,675 816,914 385,900 431,014 365,900 20,000 431,014
MOBIL COM 607056-10-2 234 2,372 0 2,372 0 0 2,372
MOLEX CLASS 608554-20-0 17,594 558,555 368,400 190,155 368,400 0 190,155
MONSANTO COM 611662-10-7 293 7,400 0 7,400 0 0 7,400
MOTOROLA COM 620076-10-9 20,587 217,278 26,500 190,778 23,500 3,000 190,778
NATIONAL INSTRUMENTS COM 636518-10-2 505 12,500 12,500 0 12,500 0 0
NIKE INC CLASS B COM 654106-10-3 200 3,160 0 3,160 0 0 3,160
NOBLE AFFILIATES COM 654894-10-4 282 10,000 0 10,000 0 0 10,000
NORTHERN TRUST COM 665859-10-4 15,505 159,850 34,000 125,850 34,000 0 125,850
OKLAHOMA G & E COM 670837-10-1 238 10,000 0 10,000 0 0 10,000
OFFICE DEPOT COM 676220-10-6 53,195 2,411,116 1,368,6501,042,466 1,355,150 13,500 1,042,466
OMNICOM GROUP COM 681919-10-6 10,414 130,180 107,000 23,180 107,000 0 23,180
ORACLE SYSTEMS COM 68389X-10-5 471 12,675 0 12,675 0 0 12,675
PACIFIC CENTURY COM 694058-10-8 274 12,700 0 12,700 0 0 12,700
PARK PLACE ENTERTAINMEN COM 700690-10-0 987 103,300 0 103,300 0 0 103,300
PEPSICO INC. COM 713448-10-8 288 7,450 0 7,450 0 0 7,450
PFIZER COM 717081-10-3 6,356 58,310 21,500 36,810 21,500 0 36,810
PITNEY BOWES COM 724479-10-0 10,382 161,580 0 161,580 0 0 161,580
PIONEER HI-BRED COM 723686-10-1 245 6,300 0 6,300 0 0 6,300
PROCTER & GAMBLE COM 742718-10-9 7,800 87,398 3,000 84,398 0 3,000 84,398
RAYTHEON CL B COM 755111-40-8 221 3,140 0 3,140 0 0 3,140
ROYAL DUTCH COM 780257-80-4 794 13,180 0 13,180 0 0 13,180
SBC COMMUNICATIONS COM 78387G-10-3 1,646 28,378 0 28,378 0 0 28,378
SAFESKIN CORP COM 786454-10-8 2,907 242,250 0 242,250 0 0 242,250
SARA LEE COM 803111-10-3 3,884 171,206 2,000 169,206 0 2,000 169,206
SCHERING PLOUGH COM 806605-10-1 656 12,500 0 12,500 0 0 12,500
SCHLUMBERGER LTD COM 806857-10-8 380 5,960 0 5,960 0 0 5,960
SCHWAB, CHARLES COM 808513-10-5 2,526 23,175 0 23,175 0 0 23,175
SERVICE CORP COM 817565-10-4 24,196 1,256,944 437,000 819,944 425,000 12,000 819,944
SIGMA-ALDRICH COM 826552-10-1 2,382 69,165 2,000 67,165 0 2,000 67,165
SPRINT CORP COM 852061-10-0 2,726 51,429 0 51,429 0 0 51,429
SPRINT PCS COM 69325R-10-3 733 12,855 0 12,855 0 0 12,855
STAPLES COM 855030-10-2 376 12,150 0 12,150 0 0 12,150
STATE STREET CORP. COM 857477-10-3116,592 1,365,650 490,200 875,450 465,200 25,000 875,450
STEINER LEISURE LTD COM P8744Y-10-2 13,616 449,175 394,800 54,375 394,800 0 54,375
STRYKER CORP. COM 863667-10-1 1,112 18,500 17,000 1,500 17,000 0 1,500
SYSCO CORP. COM 871829-10-7 8,672 290,899 0 290,899 0 0 290,899
T. ROWE PRICE COM 741477-10-3 17,728 461,975 185,000 276,975 185,000 0 276,975
TECHNE COM 878377-10-0 401 15,800 14,300 1,500 14,300 0 1,500
TORCHMARK CORP COM 891027-10-4 379 11,104 0 11,104 0 0 11,104
UNILEVER N.V. COM 904784-50-1 310 4,445 0 4,445 0 0 4,445
UNION PACIFIC COM 907818-10-8 292 5,000 0 5,000 0 0 5,000
VODAFONE AIRTOUCH PLC COM 92857T-10-7 310 1,575 0 1,575 0 0 1,575
WALGREEN COM 931422-10-9 16,227 552,400 103,000 449,400 103,000 0 449,400
WAL-MART COM 931142-10-3 5,086 105,405 72,600 32,805 72,600 0 32,805
WARNER LAMBERT COM 934488-10-7 772 11,175 6,000 5,175 6,000 0 5,175
WALLACE COMP SVC COM 932270-10-1 238 9500 0 9,500 0 0 9,500
YOUNG & RUBICAM COM 987425-10-5 250 5500 3,000 2,500 3,000 0 2,500
Total 1,177,3223,341,530
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