UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 1999
Check her if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Zeliff Wallace Jackson Investment Counsel
Address: 1100 Peachtree Street, N.E., Suite 2050
Atlanta, GA 30309
13F File Number: 28-2376
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: Charles J. Wallace, Jr.
Title: Executive Vice President
Phone: 404-873-2211
Signature, Place, and Date of Signing:
Charles J. Wallace, Jr. Atlanta, Georgia October 22, 1999
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.
<PAGE> FORM 13F SUMMARY PAGE
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 174
FORM 13F INFORMATION TABLE VALUE TOTAL: $304,217,000
LIST OF OTHER INCLUDED MANAGERS:
NO. 13F FILE NUMBER NAME
<PAGE>
<TABLE> <C> <C>
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
3 COM CORP COM 885535104 1893 65845 SH SOLE 2000 0 63845
3 COM CORP COM 885535104 568 19760 SH OTHER 0 19760 0
A T & T CORP COM 001957109 3703 85116 SH SOLE 1500 0 83616
A T & T CORP COM 001957109 959 22035 SH OTHER 0 22035 0
ABBOTT LABS COM 002824100 9363 255212 SH SOLE 1500 0 253712
ABBOTT LABS COM 002824100 1002 27320 SH OTHER 0 27320 0
AIR EXPRESS INTERNATIONAL CORP COM 009104100 3171 139774 SH SOLE 3400 0 136374
AIR EXPRESS INTERNATIONAL CORP COM 009104100 370 16330 SH OTHER 0 16330 0
ALLIED SIGNAL INC COM 019512102 264 4400 SH SOLE 0 0 4400
ALLTEL CORP COM 020039103 2646 37600 SH SOLE 0 0 37600
ALLTEL CORP COM 020039103 210 2977 SH OTHER 0 2977 0
AMERICAN HOME PRODUCTS CORP COM 026609107 4042 97400 SH SOLE 1700 0 95700
AMERICAN HOME PRODUCTS CORP COM 026609107 638 15380 SH OTHER 0 15380 0
AMERICAN INTERNATIONAL GROUP I COM 026874107 492 5659 SH SOLE 0 0 5659
AMGEN INC COM 031162100 305 3740 SH SOLE 0 0 3740
ANHEUSER BUSCH COMPANIES INC COM 035229103 558 7958 SH SOLE 0 0 7958
AUTOMATIC DATA PROCESSING COM 053015103 487 10920 SH SOLE 0 0 10920
AXA FINANCIAL COM 002451102 3187 114190 SH SOLE 2400 0 111790
AXA FINANCIAL COM 002451102 693 24820 SH OTHER 0 24820 0
BANK OF AMERICA COM 060505104 478 8580 SH SOLE 0 0 8580
BECTON DICKINSON & CO COM 075887109 3461 123345 SH SOLE 2000 0 121345
BECTON DICKINSON & CO COM 075887109 824 29350 SH OTHER 0 29350 0
BELL ATLANTIC CORP COM 077853109 274 4070 SH SOLE 0 0 4070
BELLSOUTH CORP COM 079860102 876 19475 SH SOLE 0 0 19475
BELLSOUTH CORP COM 079860102 277 6145 SH OTHER 0 6145 0
BICCGENERAL COM 369300108 1010 84165 SH SOLE 3000 0 81165
BICCGENERAL COM 369300108 420 35010 SH OTHER 0 35010 0
BP AMOCO ADS COM 055622104 415 7492 SH SOLE 0 0 7492
BRISTOL MYERS SQUIBB CO COM 110122108 1352 20030 SH SOLE 0 0 20030
C C B FINANCIAL CORP COM 124875105 4572 109846 SH SOLE 1600 0 108246
C C B FINANCIAL CORP COM 124875105 597 14340 SH OTHER 0 14340 0
C N F TRANSPORTATION INC. COM 12612W104 2171 58269 SH SOLE 1200 0 57069
C N F TRANSPORTATION INC. COM 12612W104 675 18115 SH OTHER 0 18115 0
CADMUS COMMUNICATIONS CORP COM 127587103 250 22500 SH SOLE 0 0 22500
CARAUSTAR INDUSTRIES INC COM 140909102 333 13068 SH SOLE 0 0 13068
CERIDIAN CORP COM 15677T106 5507 221380 SH SOLE 3500 0 217880
CERIDIAN CORP COM 15677T106 922 37080 SH OTHER 0 37080 0
CHUBB CORP COM 171232101 5228 105351 SH SOLE 800 0 104551
CHUBB CORP COM 171232101 823 16590 SH OTHER 0 16590 0
CINCINNATI BELL INC COM 171870108 4117 211800 SH SOLE 3900 0 207900
CINCINNATI BELL INC COM 171870108 921 47385 SH OTHER 0 47385 0
CITIGROUP INC. COM 172967101 205 4664 SH OTHER 0 4664 0
COCA-COLA COMPANY COM 191216100 20883 432805 SH SOLE 500 0 432305
COCA-COLA COMPANY COM 191216100 780 16170 SH OTHER 0 16170 0
COLONIAL BANCGROUP CONV 7.500% CONVERTIBLE BOND 195493AA9 6 4000 PRN OTHER 0 4000 0
COMERICA INC COM 200340107 745 14720 SH SOLE 0 0 14720
COMPUTER ASSOCIATES INTERNATIO COM 204912109 207 3387 SH SOLE 0 0 3387
COMPUTER TASK GROUP INC COM 205477102 1827 123890 SH SOLE 3000 0 120890
COMPUTER TASK GROUP INC COM 205477102 531 35973 SH OTHER 0 35973 0
CONVERGYS CORP. COM 212485106 2910 146885 SH SOLE 2800 0 144085
CONVERGYS CORP. COM 212485106 644 32510 SH OTHER 0 32510 0
DOW CHEMICAL CORP COM 260543103 810 7131 SH SOLE 0 0 7131
DU PONT E I DE NEMOURS CO COM 263534109 538 8892 SH SOLE 0 0 8892
ELI LILLY AND COMPANY COM 532457108 539 8392 SH SOLE 0 0 8392
EVERGREEN FOUNDATION TRUST CLA MUTUAL FUNDS 300233103 364 17363 SH SOLE 0 0 17363
EXXON CORP COM 302290101 3624 47679 SH SOLE 0 0 47679
FAMILY DOLLAR STORES COM 307000109 519 24575 SH SOLE 500 0 24075
FAMILY DOLLAR STORES COM 307000109 407 19250 SH OTHER 0 19250 0
FANNIE MAE COM 313586109 732 11670 SH SOLE 0 0 11670
FIRST DATA CORP COM 319963104 5040 114873 SH SOLE 1700 0 113173
FIRST DATA CORP COM 319963104 913 20815 SH OTHER 0 20815 0
FIRST UNION CORP COM 337358105 906 25435 SH SOLE 0 0 25435
FREDDIE MAC COM 313400301 754 14500 SH SOLE 0 0 14500
G T E CORP COM 362320103 7441 96797 SH SOLE 1300 0 95497
G T E CORP COM 362320103 1555 20229 SH OTHER 0 20229 0
GENERAL ELECTRIC CO COM 369604103 9502 80146 SH SOLE 0 0 80146
GENERAL ELECTRIC CO COM 369604103 761 6416 SH OTHER 0 6416 0
GENERAL MILLS INC COM 370334104 423 5215 SH SOLE 0 0 5215
GENUINE PARTS CO COM 372460105 295 11121 SH SOLE 0 0 11121
GENZYME SURGICAL PRODUCTS COM 372917609 56 10000 SH SOLE 0 0 10000
GILLETTE CO COM 375766102 323 9526 SH SOLE 0 0 9526
GUIDANT CORP COM 401698105 583 10876 SH SOLE 0 0 10876
HAVERTY FURNITURE COMPANIES IN COM 419596200 657 44920 SH SOLE 0 0 44920
HEALTHDYNE INFORMATION ENTERPR COM 40419W100 28 13900 SH SOLE 0 0 13900
HEALTHSOUTH CORP COM 421924101 133 21702 SH SOLE 0 0 21702
HERTZ CORP CL A COM 428040109 648 14733 SH SOLE 0 0 14733
HEWLETT PACKARD CO COM 428236103 6206 68385 SH SOLE 900 0 67485
HEWLETT PACKARD CO COM 428236103 1350 14872 SH OTHER 0 14872 0
HILLENBRAND INDUSTRIES INC COM 431573104 1402 53155 SH SOLE 1500 0 51655
HILLENBRAND INDUSTRIES INC COM 431573104 280 10632 SH OTHER 0 10632 0
HOME DEPOT INC COM 437076102 2870 41828 SH SOLE 0 0 41828
HOME DEPOT INC COM 437076102 353 5150 SH OTHER 0 5150 0
I B M COM 459200101 14038 116013 SH SOLE 1100 0 114913
I B M COM 459200101 1202 9930 SH OTHER 0 9930 0
INGRAM MICRO INC COM 457153104 348 27025 SH SOLE 0 0 27025
INTEL CORP COM 458140100 453 6100 SH SOLE 0 0 6100
INTEL CORP COM 458140100 393 5294 SH OTHER 0 5294 0
INTERTAPE POLYMER GROUP INC COM 460919103 5493 194440 SH SOLE 2100 0 192340
INTERTAPE POLYMER GROUP INC COM 460919103 934 33055 SH OTHER 0 33055 0
INVESCO DYNAMICS FUND MUTUAL FUNDS 460962103 729 37392 SH OTHER 0 37392 0
ITC DELTACOM INC COM 45031T104 353 12850 SH SOLE 0 0 12850
J P MORGAN & CO INC COM 616880100 740 6480 SH SOLE 0 0 6480
J P MORGAN & CO INC COM 616880100 224 1960 SH OTHER 0 1960 0
JOHNSON & JOHNSON COM 478160104 3583 39001 SH SOLE 900 0 38101
JOHNSON & JOHNSON COM 478160104 907 9877 SH OTHER 0 9877 0
KAMAN CORP CLASS A COM 483548103 536 42040 SH SOLE 700 0 41340
KAMAN CORPORATION CONV 6.000% CONVERTIBLE BOND 483548AC7 16 17000 PRN SOLE 0 0 17000
KAYDON CORP COM 486587108 3447 138570 SH SOLE 2500 0 136070
KAYDON CORP COM 486587108 479 19260 SH OTHER 0 19260 0
LIPOSOME INC COM 536310105 152 20000 SH SOLE 0 0 20000
LOWES COMPANIES INC COM 548661107 2375 48724 SH SOLE 1000 0 47724
LOWES COMPANIES INC COM 548661107 567 11641 SH OTHER 0 11641 0
LUCENT TECHNOLOGIES INC COM 549463107 501 7725 SH SOLE 0 0 7725
MATRIA HEALTHCARE INC COM 576817100 126 21400 SH SOLE 0 0 21400
MCDONALDS CORP COM 580135101 3785 87520 SH SOLE 0 0 87520
MCDONALDS CORP COM 580135101 390 9008 SH OTHER 0 9008 0
MERCK & CO INC COM 589331107 1097 16930 SH SOLE 0 0 16930
MERRILL LYNCH & CO COM 590188108 3305 49060 SH SOLE 1200 0 47860
MERRILL LYNCH & CO COM 590188108 760 11276 SH OTHER 0 11276 0
MICRON TECHNOLOGY INC COM 595112103 707 10630 SH SOLE 0 0 10630
MICROSOFT CORP COM 594918104 840 9280 SH SOLE 0 0 9280
MINDSPRING ENTERPRISES INC COM 602683104 257 9300 SH OTHER 0 9300 0
MINNESOTA MINING & MANUFACTURI COM 604059105 570 5935 SH SOLE 0 0 5935
MOBIL CORP COM 607059102 383 3806 SH SOLE 0 0 3806
MONSANTO CO COM 611662107 2942 82450 SH SOLE 1500 0 80950
MONSANTO CO COM 611662107 818 22935 SH OTHER 0 22935 0
MOTOROLA INC COM 620076109 2695 30620 SH SOLE 900 0 29720
MOTOROLA INC COM 620076109 565 6420 SH OTHER 0 6420 0
NOKIA CORP SPONSORED ADR COM 654902204 15268 169880 SH SOLE 1500 0 168380
NOKIA CORP SPONSORED ADR COM 654902204 2425 26985 SH OTHER 0 26985 0
OMNICOM GROUP COM 681919106 3301 41682 SH SOLE 0 0 41682
P S S WORLD MEDICAL INC. COM 69366A100 693 77500 SH SOLE 3300 0 74200
P S S WORLD MEDICAL INC. COM 69366A100 286 31970 SH OTHER 0 31970 0
PAYLESS CASHWAYS INC COM 704378405 16 10000 SH SOLE 0 0 10000
PEP BOYS MANNY MOE & JACK COM 713278109 1048 70470 SH SOLE 3000 0 67470
PEP BOYS MANNY MOE & JACK COM 713278109 238 16000 SH OTHER 0 16000 0
PFIZER INC COM 717081103 619 17247 SH SOLE 0 0 17247
PHILIP MORRIS COS INC COM 718154107 383 11200 SH SOLE 0 0 11200
PREMIER BANCSHARES INC COM 739909109 179 10200 SH SOLE 0 0 10200
PROCTER & GAMBLE COMPANY COM 742718109 1110 11838 SH SOLE 0 0 11838
PROVIDIAN FINANCIAL CORP COM 74406A102 396 5000 SH SOLE 0 0 5000
QUANEX CORP COM 747620102 630 24600 SH SOLE 0 0 24600
QUANEX CORP COM 747620102 202 7875 SH OTHER 0 7875 0
RAYTHEON CO CLASS 'B' COM 755111408 4004 80695 SH SOLE 1400 0 79295
RAYTHEON CO CLASS 'B' COM 755111408 687 13835 SH OTHER 0 13835 0
REGIS CORP COM 758932107 2134 110864 SH SOLE 3700 0 107164
REGIS CORP COM 758932107 746 38750 SH OTHER 0 38750 0
ROYAL DUTCH PETROLEUM COM 780257804 3840 65022 SH SOLE 1200 0 63822
ROYAL DUTCH PETROLEUM COM 780257804 415 7025 SH OTHER 0 7025 0
S B C COMMUNICATIONS INC COM 78387G103 206 4038 SH SOLE 0 0 4038
S & P 500 DEPOSITORY RECEIPT COM 78462F103 338 2629 SH SOLE 0 0 2629
SANMINA CORP COM 800907107 7595 98153 SH SOLE 1500 0 96653
SANMINA CORP COM 800907107 1568 20265 SH OTHER 0 20265 0
SARA LEE CORP COM 803111103 1151 49250 SH SOLE 2500 0 46750
SARA LEE CORP COM 803111103 261 11150 SH OTHER 0 11150 0
SAVILLE SYS PLC ADR COM 805174109 294 20000 SH SOLE 0 0 20000
SCHERING PLOUGH CORP COM 806605101 270 6200 SH SOLE 0 0 6200
SCHLUMBERGER COM 806857108 2580 41405 SH SOLE 300 0 41105
SCHLUMBERGER COM 806857108 602 9665 SH OTHER 0 9665 0
SOUTHERN CO COM 842587107 422 16396 SH SOLE 0 0 16396
SOUTHTRUST CORP COM 844730101 1467 40881 SH SOLE 0 0 40881
SPRINGS INDS INC COM 851783100 5991 176516 SH SOLE 0 0 176516
STERIS CORP COM 859152100 1753 127465 SH SOLE 3100 0 124365
STERIS CORP COM 859152100 457 33215 SH OTHER 0 33215 0
STERLING COMMERCE INC COM 859205106 917 49396 SH SOLE 1700 0 47696
STERLING COMMERCE INC COM 859205106 195 10515 SH OTHER 0 10515 0
SUNTRUST BANKS INC COM 867914103 5984 91012 SH SOLE 1500 0 89512
SUNTRUST BANKS INC COM 867914103 1038 15790 SH OTHER 0 15790 0
SYNOVUS FINANCIAL CORP COM 87161C105 1044 55846 SH SOLE 0 0 55846
TEXAS INSTRUMENTS INC. COM 882508104 4246 51620 SH SOLE 600 0 51020
TEXAS INSTRUMENTS INC. COM 882508104 767 9326 SH OTHER 0 9326 0
TEXTRON INC COM 883203101 321 4150 SH SOLE 0 0 4150
THE WALT DISNEY COMPANY COM 254687106 300 11547 SH SOLE 0 0 11547
THERMO ELECTRON CORP COM 883556102 2427 180594 SH SOLE 3000 0 177594
THERMO ELECTRON CORP COM 883556102 616 45807 SH OTHER 0 45807 0
TIFFANY & CO COM 886547108 5385 89840 SH SOLE 600 0 89240
TIFFANY & CO COM 886547108 312 5200 SH OTHER 0 5200 0
TRANSOCEAN OFFSHORE INC COM G90076103 609 19894 SH SOLE 0 0 19894
UNUMPROVIDENT CORP COM 91529Y106 1437 48814 SH SOLE 1095 0 47719
UNUMPROVIDENT CORP COM 91529Y106 420 14265 SH OTHER 0 14265 0
WACHOVIA CORP COM 929771103 728 9263 SH SOLE 0 0 9263
WACHOVIA CORP COM 929771103 266 3385 SH OTHER 0 3385 0
WILLIAMS COMPANIES INC COM 969457100 6950 184707 SH SOLE 2900 0 181807
WILLIAMS COMPANIES INC COM 969457100 1166 30980 SH OTHER 0 30980 0
</TABLE>