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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: December 31, 1997
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: First Carolina Investors, Inc.
Address: 1130 East Third Street
Charlotte, NC 28204
Form 13F File Number: 28-__________
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: Brent D. Baird
Title: Chairman
Phone: (716) 849-1484
Signature, Place, and Date of Signing:
S/ Brent D. Baird Buffalo, New York December 28, 1999
- ----------------------- ---------------------------- -----------------
[Signature] [City, State] [Date]
Report Type (Check only one.):
[X] 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 manager(s).)
[ ] 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 manager(s).)
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
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Form 13F Information Table Entry Total: 6
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Form 13F Information Table Value Total: $109,250
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(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the
column headings and list entries.]
NONE
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FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- --------- -------- -------------------- ---------- -------- -------------------
VOTING AUTHORITY
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER -------------------
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED HOME
- ------------------------ -------------- --------- -------- -------------------- ---------- -------- -------------------
<S> <C> <C> <C> <C> <C> <C>
Ecology & Environment
Inc. Cl A 278878103 1848 157,300 Sole X
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Exolon ESK Co Com 302101100 2041 57,100 Sole X
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M&T BK Corp Com 55261F104 93000 200,000 Sole X
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Merchants Group Inc. Com 588539106 2869 135,000 Sole X
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Oglebay Norton Co Com 677007106 6560 160,000 Sole X
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Todd Shipyards Corp Del Com 889039103 2931 700,000 Sole X
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</TABLE>
