UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Quarter Ended: December 31, 1999
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: AFA Financial, Inc.
Address: 1325 Airmotive Way
Suite 205
Reno, NV 89502
13F File Number: 28-2369
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: Michelle Leicher
Title: Vice President
Phone: 775-325-2300
Signature, Place, and Date of Signing
Michelle Leicher Reno, Nevada January 21, 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
Form 13F Information Table Entry Total: 35
Form 13F Information Table Value Total: $97,567
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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
ABBOTT LABS COM 000282410 2835 78075 SH SOLE N/A 78075
AMERICAN EXPRESS COM 002581610 1755 10555 SH SOLE N/A 10555
AMERICAN HOME PRODUCTS COM 002660910 1635 41645 SH SOLE N/A 41645
AMGEN, INC. COM 003116210 1084 18050 SH SOLE N/A 18050
AT & T CORP COM 000195710 3799 74773 SH SOLE N/A 74773
BAXTER INTERNATIONAL COM 007181310 3530 56194 SH SOLE N/A 56194
CHASE MANHATTAN COM 016161010 4645 59790 SH SOLE N/A 59790
CISCO SYSTEMS COM 017275R10 7644 71357 SH SOLE N/A 71357
CITIGROUP COM 017303410 3684 66150 SH SOLE N/A 66150
DELL COMPUTERS COM 024702510 3640 71365 SH SOLE N/A 71365
DIGENE CORP COM 025375210 284 16300 SH SOLE N/A 16300
DUPONT COM 026353410 3142 47698 SH SOLE N/A 47698
EMERSON ELECTRIC COM 029101110 2750 47925 SH SOLE N/A 47925
FEDERAL NAT'L MTG COM 031358610 2985 47815 SH SOLE N/A 47815
FORD MOTOR COM 034537010 3238 60735 SH SOLE N/A 60735
GENERAL ELECTRIC COM 036960410 6077 39270 SH SOLE N/A 39270
HONEYWELL INT'L COM 043851610 3545 61450 SH SOLE N/A 61450
HOUSEHOLD INT'L COM 044181510 3911 105000 SH SOLE N/A 105000
INTEL COM 045814010 5828 70800 SH SOLE N/A 70800
JOHNSON & JOHNSON COM 047816010 1306 14000 SH SOLE N/A 14000
LEVEL 3 COMMUNICATIONS COM 052729N10 2624 32045 SH SOLE N/A 32045
MASCO CORP COM 057459910 2742 108050 SH SOLE N/A 108050
MCI WORLDCOM, INC. COM 055268B10 490 9225 SH SOLE N/A 9225
MCKESSON CORP COM 058155610 457 20300 SH SOLE N/A 20300
MEDTRONIC INC. COM 058505510 364 10000 SH SOLE N/A 10000
MELLON FINANCIAL CORP. COM 058550910 4928 144675 SH SOLE N/A 144675
MERCK AND CO. COM 058933110 1033 15380 SH SOLE N/A 15380
MICROSOFT CORP COM 059491810 2337 20020 SH SOLE N/A 20020
MORGAN STANLEY DWD CO COM 061744644 2883 20195 SH SOLE N/A 20195
PPG INDUSTRIES INC. COM 069350610 3446 55075 SH SOLE N/A 55075
PROCTER & GAMBLE COM 074271810 822 7500 SH SOLE N/A 7500
SCHERING-PLOUGH COM 080660510 3072 72495 SH SOLE N/A 72495
TYCO INTERNATIONAL COM 090212010 2515 64480 SH SOLE N/A 64480
UNION PACIFIC COM 090781810 1030 23585 SH SOLE N/A 23585
WAL-MART STORES COM 093114210 1509 21825 SH SOLE N/A 21825
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