Report for the Calendar Year or Quarter Ended: 12/31/99
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 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: 128
Form 13F Information Table Value Total: $1,099,484 (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
12/31/1999
Fair
Market Investment Discretion Voting Authority
Value
Issuer Class CUSIP (000'S) Shares Sole Share Sole Share None
ABBOTT LABS COM 002824-10-0 3,426 94,348 0 94,348 0 0 94,348
AGILENT COM 00846U-10-1 525 6,800 6,800 0 6,800 0 0
AIR EXPRESS INT'L COM 009104-10-0 2,099 64,974 0 64,974 0 0 64,974
ALBERTSON'S COM 013104-10-4 7,980 247,477 27,500 219,977 11,000 16,500 219,977
ALLTEL CORP COM 020039-10-3 339 4,097 0 4,097 0 0 4,097
AMERICA ONLINE COM 02364J-10-4 277 3,000 0 3,000 0 0 3,000
AMERICAN HOME PRODUCTS COM 026609-10-7 13,419 341,892 69,100 272,792 46,100 23,000 272,792
AMERCIAN INTL GROUP COM 026874-10-7 9,066 83,850 67,987 15,863 67,987 0 15,863
AMERICAN POWER CONVERSION COM 029066-10-7 64,923 2,461,529 1,369,300 1,092,229 1,355,300 14,000 1,092,229
AMERICAN TOWER COM 2991220 458 15,000 0 15,000 0 0 15,000
AMGEN COM 031162-10-0 360 6,000 0 6,000 0 0 6,000
ANHEUSER-BUSCH COM 035229-10-3 4,192 59,140 0 59,140 0 0 59,140
ASTRA ZENECA COM 046353-10-8 533 12,768 0 12,768 0 0 12,768
AUTO DATA PROCESSING COM 053015-10-3 8,851 164,291 34,000 130,291 34,000 0 130,291
AVNET COM 254 4,194 2,030 2,164 0 2,030 2,164
BMC SOFTWARE COM 055921-10-0 12,788 159,979 122,500 37,479 122,500 0 37,479
BOK FINANCIAL COM 05561Q-20-1 432 21,381 0 21,381 0 0 21,381
BP AMOCO PLC. COM 055622-10-4 973 16,405 0 16,405 0 0 16,405
BELL SOUTH COM 079860-10-2 420 8,968 0 8,968 0 0 8,968
BELL ATLANTIC COM 077853-10-9 296 4,802 0 4,802 0 0 4,802
BERKSHIRE HATHWAY COM 084670-10-8 561 10 0 10 0 0 10
BIOMET COM 090613-10-0 410 10,253 0 10,253 0 0 10,253
BRISTOL MYERS SQUIBB COM 110122-10-8 2,963 46,156 0 46,156 0 0 46,156
CABLE & WIRELESS HKT COM 438579-20-3 403 13,854 4,000 9,854 4,000 0 9,854
CVS CORPORATION COM 126650-10-0 494 12,400 0 12,400 0 0 12,400
CISCO SYSTEMS COM 17275R-10-2 2,827 26,388 20,000 6,388 20,000 0 6,388
CLOROX COM 189054-10-9 36,805 730,619 107,900 622,719 91,900 16,000 622,719
COCA COLA COM 191216-10-0 1,844 31,650 0 31,650 0 0 31,650
COLGATE PALMOLIVE COM 194162-10-3 537 8,266 0 8,266 0 0 8,266
COMPAQ COMPUTER COM 204493-10-0 922 34,068 0 34,068 0 0 34,068
COSTCO WHOLESALE COM 226 2,475 0 2,475 0 0 2,475
COVANCE COM 222816-10-0 558 51,600 4,000 47,600 4,000 0 47,600
DAYTON HUDSON COM 239753-10-6 3,973 54,100 0 54,100 0 0 54,100
DEL GLOBAL TECH COM 132 17,000 17,000 0 17,000 0 0
DELL COMPUTER COM 208 4,070 0 4,070 0 0 4,070
DISNEY, WALT COM 254687-10-6 589 20,125 0 20,125 0 0 20,125
DONNELLEY R. R. COM 257867-10-1 392 15,800 0 15,800 0 0 15,800
DUPONT COM 506 7,687 0 7,687 0 0 7,687
EMC CORP MASS COM 268648-10-2 8,806 80,600 66,000 14,600 66,000 0 14,600
EMERSON ELEC COM 291011-10-4 8,195 142,825 0 142,825 0 0 142,825
ERICSSON ADR COM 294821-40-0 9,930 151,175 27,000 124,175 27,000 0 124,175
EXPEDITORS INT'L COM 302130-10-9 1,240 28,300 26,400 1,900 26,400 0 1,900
EXXON MOBIL COM 6,118 75,947 0 75,947 0 0 75,947
FANNIE MAE COM 313586-10-9 206 3,300 0 3,300 0 0 3,300
FIRST UNION CORP COM 337358-10-5 1,140 34,624 0 34,624 0 0 34,624
G & K SERVICES COM 361268-10-5 13,008 401,777 111,800 289,977 111,800 0 289,977
GTE COM 362,320,103 567 8,033 0 8,033 0 0 8,033
GENERAL ELECTRIC COM 369604-10-3 43,964 284,097 141,900 142,197 141,900 0 142,197
GENERAL INSTRUMENT COM 370120-10-7 621 7,300 0 7,300 0 0 7,300
GENERAL MILLS COM 370334-10-4 318 8,900 0 8,900 0 0 8,900
GILETTE COMPANY COM 375766-10-2 1,125 27,310 22,000 5,310 22,000 0 5,310
GLATFELTER COM 222 15,255 0 15,255 0 0 15,255
GLAXO WELLCOME COM 207 3,700 0 3,700 0 0 3,700
GRAINGER, W W COM 384802-10-4 4,694 98,176 0 98,176 0 0 98,176
GUIDANT CORP COM 401698-10-5 681 14,484 0 14,484 0 0 14,484
H B FULLER COM 359694-10-6 453 8,100 4,500 3,600 0 4,500 3,600
HCC INSURANCE HOLDING COM 404132-10-2 148 11,250 0 11,250 0 0 11,250
HEINZ COM 423074-10-3 1,702 42,754 0 42,754 0 0 42,754
HEWLETT PACKARD COM 428236-10-3 67,666 594,862 169,600 425,262 169,600 0 425,262
HILLENBRAND COM 431573-10-4 279 8,800 4,000 4,800 0 4,000 4,800
HOME DEPOT INC COM 437076-10-2 1,531 22,262 0 22,262 0 0 22,262
HOUGHTON MIFF COM 441560-10-9 380 9,000 0 9,000 0 0 9,000
IBM CORP COM 459200-10-1 8,983 83,276 53,800 29,476 53,800 0 29,476
ILLINOIS TOOL WORKS COM 452308-10-9 216 3,200 0 3,200 0 0 3,200
INTEL CORPORATION COM 458140-10-0 98,700 1,199,090 562,900 636,190 546,900 16,000 636,190
INTERPUBLIC GROUP CO. COM 460690-10-0 101,266 1,755,431 843,600 911,831 831,600 12,000 911,831
JOHNSON & JOHNSON COM 478160-10-4 18,766 201,241 86,500 114,741 86,500 0 114,741
KIMBERLY CLARK COM 222 3,400 0 3,400 0 0 3,400
LILLY, ELI COM 532457-10-8 15,204 228,639 16,500 212,139 12,500 4,000 212,139
LUCENT TECH COM 549463-10-7 1,019 13,593 0 13,593 0 0 13,593
MANPOWER INC. COM 56418H-10-0 1,830 48,645 0 48,645 0 0 48,645
MARSH & McLENNAN COM 571748-10-2 1,631 17,044 0 17,044 0 0 17,044
MATTEL, INC. COM 577081-10-2 1,177 89,701 0 89,701 0 0 89,701
MAY DEPT STORES COM 577778-10-3 1,293 40,091 0 40,091 0 0 40,091
McCORMICK & CO COM 579780-20-6 209 7,015 0 7,015 0 0 7,015
McDONALDS COM 580135-10-1 38,700 960,000 431,300 528,700 422,700 8,600 528,700
MEDTRONICS COM 585055-10-6 8,365 229,561 175,200 54,361 175,200 0 54,361
MELLON BANK COM 585509-10-2 4,365 128,138 0 128,138 0 0 128,138
MERCK COM 589331-10-7 51,581 767,724 375,600 392,124 375,600 0 392,124
MICROMEM TECH COM 45 15,000 0 15,000 0 0 15,000
MICROSOFT CORP. COM 594918-10-4 91,155 780,775 364,700 416,075 344,700 20,000 416,075
MOLEX CL A 608554-20-0 20,962 463,240 278,000 185,240 278,000 0 185,240
MONSANTO COM 611662-10-7 239 6,740 0 6,740 0 0 6,740
MOTOROLA COM 620076-10-9 30,890 209,781 26,500 183,281 23,500 3,000 183,281
NATIONAL INSTRUMENTS COM 636518-10-2 717 18,750 18,750 0 18,750 0 0
NOBLE AFFILIATES COM 654894-10-4 214 10,000 0 10,000 0 0 10,000
NORTEL NETWORKS COM 263 2,600 0 2,600 0 0 2,600
NORTHERN TRUST COM 665859-10-4 15,917 300,312 68,000 232,312 68,000 0 232,312
OKLAHOMA G & E COM 670837-10-1 190 10,000 0 10,000 0 0 10,000
OFFICE DEPOT COM 676220-10-6 22,054 2,004,938 944,000 1,060,938 930,500 13,500 1,060,938
OMNICOM GROUP COM 681919-10-6 7,110 71,100 48,000 23,100 48,000 0 23,100
ORACLE SYSTEMS COM 68389X-10-5 1,488 13,275 0 13,275 0 0 13,275
PACIFIC CENTURY COM 694058-10-8 237 12,700 0 12,700 0 0 12,700
PEPSICO INC. COM 713448-10-8 280 7,950 0 7,950 0 0 7,950
PFIZER COM 717081-10-3 3,932 121,230 6,000 115,230 6,000 0 115,230
PITNEY BOWES COM 724479-10-0 7,490 155,030 0 155,030 0 0 155,030
POORE BROTHERS COM 15 10,000 0 10,000 0 0 10,000
PROCTER & GAMBLE COM 742718-10-9 9,267 84,578 3,000 81,578 0 3,000 81,578
QUALCOMM COM 201 1,140 0 1,140 0 0 1,140
RPM COM 142 13,898 0 13,898 0 0 13,898
REGENERON COM 252 19,800 0 19,800 0 0 19,800
RESMED COM 76115-21-0 251 6,000 6,000 0 6,000 0 0
ROYAL DUTCH COM 780257-80-4 804 13,280 0 13,280 0 0 13,280
SBC COMMUNICATIONS COM 78387G-10-3 1,536 31,498 0 31,498 0 0 31,498
SAFESKIN CORP COM 786454-10-8 878 72,450 0 72,450 0 0 72,450
SARA LEE COM 803111-10-3 3,270 148,226 2,000 146,226 0 2,000 146,226
SCHERING PLOUGH COM 806605-10-1 572 13,500 0 13,500 0 0 13,500
SCHLUMBERGER LTD COM 806857-10-8 335 5,960 0 5,960 0 0 5,960
SCHWAB, CHARLES COM 808513-10-5 1,582 41,350 0 41,350 0 0 41,350
SERVICE CORP COM 817565-10-4 2,964 427,288 52,000 375,288 40,000 12,000 375,288
SIGMA-ALDRICH COM 826552-10-1 573 19,050 2,000 17,050 0 2,000 17,050
SPRINT CORP COM 852061-10-0 3,468 51,528 0 51,528 0 0 51,528
SPRINT PCS COM 69325R-10-3 1,318 12,855 0 12,855 0 0 12,855
STAPLES COM 855030-10-2 252 12,150 0 12,150 0 0 12,150
STATE STREET CORP. COM 857477-10-3 96,208 1,316,790 451,300 865,490 426,300 25,000 865,490
STEINER LEISURE LTD COM P8744Y-10-2 3,400 203,750 166,550 37,200 166,550 0 37,200
STRYKER CORP. COM 863667-10-1 870 12,500 11,000 1,500 11,000 0 1,500
SYSCO CORP. COM 871829-10-7 11,229 283,824 0 283,824 0 0 283,824
T. ROWE PRICE COM 741477-10-3 17,012 460,565 170,500 290,065 170,500 0 290,065
TECHNE COM 878377-10-0 512 9,300 6,400 2,900 6,400 0 2,900
THOR INDUSTRIES COM 88516-01-0 304 10,000 0 10,000 0 0 10,000
TORCHMARK CORP COM 891027-10-4 323 11,104 0 11,104 0 0 11,104
UNILEVER N.V. COM 904784-50-1 228 4,195 0 4,195 0 0 4,195
U S TRUST COM 9128L-10 473 5,900 5,900 0 1,400 4,500 0
WALGREEN COM 931422-10-9 15,840 541,522 103,000 438,522 103,000 0 438,522
WAL-MART COM 931142-10-3 8,228 119,030 47,650 71,380 47,650 0 71,380
WARNER LAMBERT COM 934488-10-7 916 11,175 6,000 5,175 6,000 0 5,175
YOUNG & RUBICAM COM 987425-10-5 389 5,500 3,000 2,500 3,000 0 2,500
Total 1,099,484 20,909,163
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