UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2000
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 May 15, 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.
<PAGE> FORM 13F SUMMARY PAGE
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 191
FORM 13F INFORMATION TABLE VALUE TOTAL: $393,320,000
LIST OF OTHER INCLUDED MANAGERS:
NO. 13F FILE NUMBER NAME
FORM 13F SUMMARY PAGE
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 191
FORM 13F INFORMATION TABLE VALUE TOTAL: $393,320,000
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 2850 51244 SH SOLE 1500 0 49744
3 COM CORP COM 885535104 1046 18805 SH OTHER 0 18805 0
A D C TELECOMMUNICATION INC COM 000886101 3993 74120 SH DEFINED 700 1250 72170
A D C TELECOMMUNICATION INC COM 000886101 831 15420 SH OTHER 0 15420 0
A T & T CORP COM 001957109 5367 95311 SH SOLE 1400 0 93911
A T & T CORP COM 001957109 2182 38744 SH OTHER 0 38744 0
ABBOTT LABS COM 002824100 8072 229409 SH DEFINED 2000 1400 226009
ABBOTT LABS COM 002824100 1636 46502 SH OTHER 0 46502 0
ALLTEL CORP COM 020039103 3399 53905 SH DEFINED 500 700 52705
ALLTEL CORP COM 020039103 1099 17432 SH OTHER 0 17432 0
AMERICA ONLINE CONV 0.000% 12/ CONVERTIBLE BOND 02364JAC8 253 460000 PRN SOLE 20000 0 440000
AMERICAN HOME PRODUCTS CORP COM 026609107 4612 85810 SH SOLE 1200 0 84610
AMERICAN HOME PRODUCTS CORP COM 026609107 1214 22585 SH OTHER 0 22585 0
AMERICAN INTERNATIONAL GROUP I COM 026874107 597 5449 SH SOLE 0 0 5449
AMGEN INC COM 031162100 537 8742 SH DEFINED 0 1262 7480
ANADARKO PETE CORP COM 032511107 335 8650 SH OTHER 0 8650 0
ANHEUSER BUSCH COMPANIES INC COM 035229103 495 7958 SH SOLE 0 0 7958
AUTOMATIC DATA PROCESSING COM 053015103 555 11506 SH DEFINED 0 586 10920
AXA FINANCIAL COM 002451102 3795 105771 SH DEFINED 2000 1700 102071
AXA FINANCIAL COM 002451102 1111 30965 SH OTHER 0 30965 0
BANK OF AMERICA COM 060505104 433 8252 SH DEFINED 0 1078 7174
BECTON DICKINSON & CO COM 075887109 2630 99958 SH DEFINED 1800 1000 97158
BECTON DICKINSON & CO COM 075887109 666 25320 SH OTHER 0 25320 0
BELL ATLANTIC CORP COM 077853109 269 4395 SH DEFINED 0 325 4070
BELL ATLANTIC CORP COM 077853109 646 10562 SH OTHER 0 10562 0
BELLSOUTH CORP COM 079860102 916 19549 SH SOLE 0 0 19549
BELLSOUTH CORP COM 079860102 847 18075 SH OTHER 0 18075 0
BP AMOCO ADS COM 055622104 482 9052 SH SOLE 0 0 9052
BRISTOL MYERS SQUIBB CO COM 110122108 1193 20566 SH DEFINED 0 536 20030
BRISTOL MYERS SQUIBB CO COM 110122108 1058 18240 SH OTHER 0 18240 0
BROADWING, INC. COM 111620100 7315 196701 SH DEFINED 3100 1300 192301
BROADWING, INC. COM 111620100 2090 56200 SH OTHER 0 56200 0
C C B FINANCIAL CORP COM 124875105 3980 89936 SH SOLE 700 0 89236
C C B FINANCIAL CORP COM 124875105 714 16135 SH OTHER 0 16135 0
C N F TRANSPORTATION INC. COM 12612W104 844 30404 SH SOLE 700 0 29704
C N F TRANSPORTATION INC. COM 12612W104 407 14675 SH OTHER 0 14675 0
CARNIVAL CORP. COM 143658102 1089 43900 SH DEFINED 500 2200 41200
CARNIVAL CORP. COM 143658102 292 11765 SH OTHER 0 11765 0
CAROLINA POWER & LIGHT CO COM 144141108 331 10204 SH OTHER 0 10204 0
CELTRIX PHARMACEUTICALS INC COM 151186103 278 40000 SH SOLE 0 0 40000
CENTURA SOFTWARE CORP COM 15640W103 155 15000 SH SOLE 0 0 15000
CERIDIAN CORP COM 15677T106 2367 123350 SH SOLE 1400 0 121950
CERIDIAN CORP COM 15677T106 389 20260 SH OTHER 0 20260 0
CHECKFREE HOLDINGS CORP COM 162816102 317 4500 SH SOLE 0 0 4500
CHUBB CORP COM 171232101 6173 91360 SH SOLE 900 0 90460
CHUBB CORP COM 171232101 1224 18120 SH OTHER 0 18120 0
CISCO SYSTEMS INC COM 17275R102 387 5001 SH DEFINED 0 1178 3823
CITIGROUP INC. COM 172967101 379 6337 SH OTHER 0 6337 0
COCA-COLA COMPANY COM 191216100 21929 467206 SH DEFINED 500 2333 464373
COCA-COLA COMPANY COM 191216100 1507 32115 SH OTHER 0 32115 0
COMERICA INC COM 200340107 616 14720 SH SOLE 0 0 14720
COMPAQ COMPUTER CORP COM 204493100 1913 71515 SH DEFINED 1200 1500 68815
COMPAQ COMPUTER CORP COM 204493100 962 35955 SH OTHER 0 35955 0
COMPUTER ASSOCIATES INTERNATIO COM 204912109 578 9770 SH DEFINED 0 433 9337
COMPUTER ASSOCIATES INTERNATIO COM 204912109 350 5920 SH OTHER 0 5920 0
COMPUTER TASK GROUP INC COM 205477102 705 64050 SH SOLE 1000 0 63050
COMPUTER TASK GROUP INC COM 205477102 207 18810 SH OTHER 0 18810 0
CONVERGYS CORP. COM 212485106 5561 143745 SH DEFINED 2300 1200 140245
CONVERGYS CORP. COM 212485106 1201 31050 SH OTHER 0 31050 0
DOW CHEMICAL CORP COM 260543103 825 7240 SH DEFINED 0 109 7131
DU PONT E I DE NEMOURS CO COM 263534109 439 8292 SH SOLE 0 0 8292
DUKE POWER CO COM 264399106 422 8044 SH OTHER 0 8044 0
ELAN CORP ADR COM 284131208 6327 133210 SH SOLE 2050 0 131160
ELAN CORP ADR COM 284131208 1650 34730 SH OTHER 0 34730 0
ELI LILLY AND COMPANY COM 532457108 551 8798 SH DEFINED 0 406 8392
ENRON CORP COM 293561106 210 2800 SH OTHER 0 2800 0
EVERGREEN FOUNDATION TRUST CLA MUTUAL FUNDS 300233103 420 17954 SH SOLE 0 0 17954
EXCELON CORP COM 300691102 158 14000 SH SOLE 0 0 14000
EXXON MOBIL CORPORATION COM 30231G102 3967 50903 SH SOLE 0 0 50903
EXXON MOBIL CORPORATION COM 30231G102 1303 16723 SH OTHER 0 16723 0
FAMILY DOLLAR STORES COM 307000109 929 44645 SH DEFINED 500 2500 41645
FAMILY DOLLAR STORES COM 307000109 456 21915 SH OTHER 0 21915 0
FANNIE MAE COM 313586109 677 11968 SH DEFINED 0 298 11670
FIRST DATA CORP COM 319963104 4567 102918 SH DEFINED 1200 1000 100718
FIRST DATA CORP COM 319963104 1093 24620 SH OTHER 0 24620 0
FIRST UNION CORP COM 337358105 911 24445 SH SOLE 0 0 24445
FLEETBOSTON FINANCIAL CORPORAT COM 339030108 4180 114527 SH DEFINED 1700 1400 111427
FLEETBOSTON FINANCIAL CORPORAT COM 339030108 1635 44791 SH OTHER 0 44791 0
FLEXTRONICS INTL LTD COM Y2573F102 211 3000 SH SOLE 0 0 3000
FREDDIE MAC COM 313400301 641 14500 SH SOLE 0 0 14500
G T E CORP COM 362320103 7012 98760 SH DEFINED 1050 500 97210
G T E CORP COM 362320103 2298 32372 SH OTHER 0 32372 0
GENERAL ELECTRIC CO COM 369604103 11578 223188 SH DEFINED 0 1800 221388
GENERAL ELECTRIC CO COM 369604103 4186 80687 SH OTHER 0 80687 0
GENERAL MILLS INC COM 370334104 377 10430 SH SOLE 0 0 10430
GENUINE PARTS CO COM 372460105 266 11121 SH SOLE 0 0 11121
GENZYME SURGICAL PRODUCTS COM 372917609 118 10000 SH SOLE 0 0 10000
GEORGIA PACIFIC CORP COM 373298108 1237 31255 SH SOLE 1050 0 30205
GEORGIA PACIFIC CORP COM 373298108 447 11305 SH OTHER 0 11305 0
GILLETTE CO COM 375766102 359 9526 SH SOLE 0 0 9526
GUIDANT CORP COM 401698105 705 11976 SH DEFINED 0 700 11276
GUIDANT CORP COM 401698105 222 3765 SH OTHER 0 3765 0
HAVERTY FURNITURE COMPANIES IN COM 419596200 474 44920 SH SOLE 0 0 44920
HEALTHDYNE INFORMATION ENTERPR COM 40419W100 60 10000 SH SOLE 0 0 10000
HEALTHSOUTH CORP COM 421924101 106 18702 SH SOLE 0 0 18702
HERTZ CORP CL A COM 428040109 418 12258 SH SOLE 0 0 12258
HEWLETT PACKARD CO COM 428236103 7676 57907 SH DEFINED 500 400 57007
HEWLETT PACKARD CO COM 428236103 2083 15710 SH OTHER 0 15710 0
HOME DEPOT INC COM 437076102 3370 52253 SH DEFINED 0 285 51968
HOME DEPOT INC COM 437076102 1720 26665 SH OTHER 0 26665 0
HONEYWELL INTERNATIONAL, INC. COM 438516106 256 4861 SH DEFINED 0 461 4400
I B M COM 459200101 12377 104887 SH DEFINED 900 600 103387
I B M COM 459200101 1987 16835 SH OTHER 0 16835 0
IMMUNEX CORP NEW COM 452528102 647 10200 SH SOLE 0 0 10200
INTEL CORP COM 458140100 818 6200 SH SOLE 0 0 6200
INTEL CORP COM 458140100 626 4745 SH OTHER 0 4745 0
INTERTAPE POLYMER GROUP INC COM 460919103 963 84670 SH DEFINED 600 500 83570
INTERTAPE POLYMER GROUP INC COM 460919103 135 11880 SH OTHER 0 11880 0
INVESCO DYNAMICS FUND MUTUAL FUNDS 46127G204 249 8366 SH OTHER 0 8366 0
ITC DELTACOM INC COM 45031T104 454 12750 SH SOLE 0 0 12750
J P MORGAN & CO INC COM 616880100 2441 18525 SH DEFINED 450 400 17675
J P MORGAN & CO INC COM 616880100 698 5295 SH OTHER 0 5295 0
JOHNSON & JOHNSON COM 478160104 3651 51978 SH DEFINED 700 800 50478
JOHNSON & JOHNSON COM 478160104 1219 17359 SH OTHER 0 17359 0
KAYDON CORP COM 486587108 318 11640 SH SOLE 0 0 11640
L S I LOGIC CORP COM 502161102 407 5600 SH SOLE 0 0 5600
LIPOSOME INC COM 536310105 349 20000 SH SOLE 0 0 20000
LOWES COMPANIES INC COM 548661107 3107 53232 SH DEFINED 900 800 51532
LOWES COMPANIES INC COM 548661107 979 16774 SH OTHER 0 16774 0
LUCENT TECHNOLOGIES INC COM 549463107 3713 59887 SH DEFINED 650 950 58287
LUCENT TECHNOLOGIES INC COM 549463107 1569 25312 SH OTHER 0 25312 0
M C I WORLDCOM COM 55268B106 4382 96709 SH DEFINED 1200 800 94709
M C I WORLDCOM COM 55268B106 1803 39801 SH OTHER 0 39801 0
MATRIA HEALTHCARE INC COM 576817100 106 20000 SH SOLE 0 0 20000
MCDONALDS CORP COM 580135101 3081 82423 SH DEFINED 0 1200 81223
MCDONALDS CORP COM 580135101 285 7613 SH OTHER 0 7613 0
MERCK & CO INC COM 589331107 1052 16938 SH DEFINED 0 468 16470
MERRILL LYNCH & CO COM 590188108 5486 52248 SH DEFINED 1000 400 50848
MERRILL LYNCH & CO COM 590188108 2024 19277 SH OTHER 0 19277 0
MICRON TECHNOLOGY INC COM 595112103 3776 59944 SH SOLE 1400 0 58544
MICRON TECHNOLOGY INC COM 595112103 1215 19280 SH OTHER 0 19280 0
MICROSOFT CORP COM 594918104 878 8265 SH DEFINED 0 325 7940
MINNESOTA MINING & MANUFACTURI COM 604059105 510 5760 SH SOLE 0 0 5760
MONSANTO CO COM 611662107 5622 109174 SH SOLE 1650 0 107524
MONSANTO CO COM 611662107 1918 37250 SH OTHER 0 37250 0
MOTOROLA INC COM 620076109 6665 45648 SH DEFINED 840 300 44508
MOTOROLA INC COM 620076109 1836 12578 SH OTHER 0 12578 0
NATIONAL SEMICONDUCTOR CORP COM 637640103 2886 47514 SH SOLE 700 0 46814
NATIONAL SEMICONDUCTOR CORP COM 637640103 1414 23280 SH OTHER 0 23280 0
NOKIA CORP SPONSORED ADR COM 654902204 23550 424320 SH DEFINED 4400 800 419120
NOKIA CORP SPONSORED ADR COM 654902204 4616 83180 SH OTHER 0 83180 0
NOVELL INC COM 670006105 290 10116 SH DEFINED 0 1116 9000
OMNICOM GROUP COM 681919106 3932 41997 SH DEFINED 0 515 41482
PFIZER INC COM 717081103 587 16050 SH SOLE 0 0 16050
PHILIP MORRIS COS INC COM 718154107 234 11100 SH SOLE 0 0 11100
PROCTER & GAMBLE COMPANY COM 742718109 683 12088 SH DEFINED 0 500 11588
PROVIDIAN FINANCIAL CORP COM 74406A102 454 5240 SH SOLE 0 0 5240
QUANEX CORP COM 747620102 312 17350 SH DEFINED 0 2000 15350
REGIONS FINANCIAL CORP COM 758940100 264 11575 SH OTHER 0 11575 0
REGIS CORP COM 758932107 1716 115839 SH DEFINED 1400 3600 110839
REGIS CORP COM 758932107 449 30300 SH OTHER 0 30300 0
ROYAL DUTCH PETROLEUM COM 780257804 3464 59915 SH DEFINED 900 400 58615
ROYAL DUTCH PETROLEUM COM 780257804 502 8690 SH OTHER 0 8690 0
S B C COMMUNICATIONS INC COM 78387G103 257 6097 SH DEFINED 0 406 5691
S B C COMMUNICATIONS INC COM 78387G103 759 18024 SH OTHER 0 18024 0
S & P 500 DEPOSITORY RECEIPT COM 78462F103 388 2583 SH SOLE 0 0 2583
SANMINA CORP COM 800907107 11162 165217 SH DEFINED 2200 800 162217
SANMINA CORP COM 800907107 2538 37570 SH OTHER 0 37570 0
SARA LEE CORP COM 803111103 274 15200 SH SOLE 0 0 15200
SCHERING PLOUGH CORP COM 806605101 230 6200 SH SOLE 0 0 6200
SCHLUMBERGER COM 806857108 4508 58929 SH DEFINED 600 500 57829
SCHLUMBERGER COM 806857108 1302 17015 SH OTHER 0 17015 0
SOUTHERN CO COM 842587107 291 13400 SH SOLE 0 0 13400
SOUTHTRUST CORP COM 844730101 1002 39381 SH SOLE 0 0 39381
SPRINGS INDS INC COM 851783100 6664 175366 SH SOLE 0 0 175366
SPRINT CORP COM 852061100 225 3569 SH OTHER 0 3569 0
STERIS CORP COM 859152100 1271 123990 SH SOLE 3100 0 120890
STERIS CORP COM 859152100 344 33590 SH OTHER 0 33590 0
SUNTRUST BANKS INC COM 867914103 2500 43292 SH SOLE 400 0 42892
SUNTRUST BANKS INC COM 867914103 367 6348 SH OTHER 0 6348 0
SYNOVUS FINANCIAL CORP COM 87161C105 1045 55346 SH SOLE 0 0 55346
TELEPHONE & DATA SYSTEMS INC COM 879433100 286 2580 SH OTHER 0 2580 0
TEXAS INSTRUMENTS INC. COM 882508104 11139 69620 SH DEFINED 775 400 68445
TEXAS INSTRUMENTS INC. COM 882508104 2726 17036 SH OTHER 0 17036 0
TEXTRON INC COM 883203101 253 4150 SH SOLE 0 0 4150
THE WALT DISNEY COMPANY COM 254687106 2919 70761 SH SOLE 200 0 70561
THE WALT DISNEY COMPANY COM 254687106 1005 24365 SH OTHER 0 24365 0
THERMO ELECTRON CORP COM 883556102 1373 67376 SH SOLE 1000 0 66376
THERMO ELECTRON CORP COM 883556102 288 14147 SH OTHER 0 14147 0
TIFFANY & CO COM 886547108 5080 60750 SH DEFINED 600 500 59650
TIFFANY & CO COM 886547108 384 4590 SH OTHER 0 4590 0
TIME WARNER INC COM 887315109 240 2400 SH SOLE 0 0 2400
TRANSOCEAN SEDCO FOREX INC COM G90078109 2196 42796 SH DEFINED 115 1000 41681
TRANSOCEAN SEDCO FOREX INC COM G90078109 898 17499 SH OTHER 0 17499 0
TRIGON HEALTHCARE INC COM 89618L100 1140 31875 SH SOLE 0 0 31875
TRIGON HEALTHCARE INC COM 89618L100 254 7100 SH OTHER 0 7100 0
UNUMPROVIDENT CORP COM 91529Y106 959 56598 SH SOLE 1200 0 55398
VODAFONE GROUP PLC ADR SPONSOR COM 92857T107 306 5500 SH OTHER 0 5500 0
WACHOVIA CORP COM 929771103 599 8863 SH SOLE 0 0 8863
WILLIAMS COMPANIES INC COM 969457100 7713 175541 SH DEFINED 2400 600 172541
WILLIAMS COMPANIES INC COM 969457100 1817 41365 SH OTHER 0 41365 0
</TABLE>
