UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 06/30/00
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: Virginia Investment Counselors, Inc.
Address: 999 Waterside Drive, Suite 1925
Norfolk, VA 23510-3307
13F File Number: 851062
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
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: John C. Benedict
Title: Treasurer
Phone: 757-623-2491
Signature, Place, and Date of Signing:
John C. Benedict Norfolk, Virginia 07/31/00
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.
_______________________________________________
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 243
Form 13F Information Table Value Total: 600782
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
VALUE SHARES/ OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000)PRN AMT SOLESHRD. VSHRD. OTHRMANAGERS SOLE SHAREDNONE
AT&T COM 001957109 2369 74088SH X 74088
AT&T COM 001957208 355 14488SH X 14488
ABBOTT LABORATORIES COM 002824100 4210 94504SH X 94504
AEGIS COMMUNICATIONS GROUP COM 00760B105 50 50000SH X 50000
AGILENT TECHNOLOGIES INC COM 00846U101 2928 39758SH X 39758
ALCOA INC COM 013817101 813 28020SH X 28020
AMERICA ONLINE INC COM 02364J104 254 4826SH X 4826
AMERICAN ELECTRIC POWER COM 025537101 325 10991SH X 10991
AMERICAN EXPRESS COM 025816109 434 8310SH X 8310
AMERICAN HOME PRODUCTS COM 026609107 5944101031SH X 101031
AMERICAN INTL GROUP INC COM 026874107 957 8133SH X 8133
AMGEN COM 031162100 2875 41000SH X 41000
AMSOUTH BANCORP COM 032165102 184 11610SH X 11610
ANHEUSER-BUSCH COS INC COM 035229103 1735 23332SH X 23332
APPLIED MATERIALS COM 038222105 5600 61404SH X 61404
ASSOCIATED ESTATES REALTY CORP COM 045604105 174 25200SH X 25200
AUDRE RECOGNITION SYSTEMS INC COM 050904101 0 81081SH X 81081
AUTOMATIC DATA PROCESSING COM 053015103 7356137645SH X 137645
AVALONBAY COMMUNITIES INC COM COM 053484101 378 9070SH X 9070
B B & T CORP COM 054937107 2523105533SH X 105533
BP AMOCO COM 055622104 6523115168SH X 115168
BMC SOFTWARE INC COM 055921100 3523 96195SH X 96195
BANK OF AMERICA COPR COM 060505104 4003 92320SH X 92320
BANK OF HAMPTON ROADS COM 060990108 566 45151SH X 45151
BANK ONE CORP COM 06423A103 1142 42999SH X 42999
BASSETT FURNITURE INDUSTRIES COM 070203104 210 16606SH X 16606
BAYER A G SPONSORED ADR COM 072730302 297 7600SH X 7600
BEAR STEARNS COS COM 073902108 4888117160SH X 117160
BECTON DICKINSON COM 075887109 991 34750SH X 34750
BELL ATLANTIC CORP COM 077853109 6640130069SH X 130069
BELLSOUTH CORP COM 079860102 3597 84267SH X 84267
BERGEN BRUNSWIG CORP COM 083739102 254 45074SH X 45074
BEST FOODS COM 08658U101 405 5836SH X 5836
BIOCRYST PHARM INC COM 09058V103 1919 66889SH X 66889
BOEING CO COM 097023105 1005 24055SH X 24055
BRISTOL MYERS SQUIBB COMPANY COM 110122108 9803168111SH X 168111
BROWN-FORMAN INC CL B COM 115637209 419 7800SH X 7800
BURLINGTON NORTHERN SANTA FE COM 12189T104 3781162553SH X 162553
CIGNA CORP COM 125509109 4533 48470SH X 48470
C P & L ENERGY INC COM 12614C106 255 7535SH X 7535
CSX CORPORATION COM 126408103 346 16404SH X 16404
CANADIAN PACIFIC LTD NEW COM 135923100 3484133100SH X 133100
CANADIAN NATIONAL RAILWAY CO COM 136375102 2131 72744SH X 72744
CARDINAL HEALTH INC COM 14149Y108 5404 72816SH X 72816
CATERPILLAR INC COM 149123101 1237 36878SH X 36878
CHARLES & COLVARD LTD COM 159765106 3122435970SH X 435970
CHASE MANHATTAN CORP NEW COM 16161A108 4729103021SH X 103021
CHEVRON CORP COM 166751107 1903 22471SH X 22471
CIRCUIT CITY COM 172737108 271 8090SH X 8090
CISCO SYSTEMS INC COM 17275R102 11103175001SH X 175001
CITIGROUP INC COM 172967101 3705 61413SH X 61413
CLAYTON HOMES COM 184190106 127 15846SH X 15846
CLOROX CORP COM 189054109 325 7256SH X 7256
COASTAL CORP COM 190441105 8030132455SH X 132455
COCA COLA BOTTLING CO COM 191098102 345 7525SH X 7525
COCA-COLA COM 191216100 31647550916SH X 550916
COLGATE-PALMOLIVE COM 194162103 1279 21340SH X 21340
COLUMBIA ENERGY GROUP (FORMERL COM 197648108 236 3590SH X 3590
COMCAST CLASS A COM 200300200 419 10420SH X 10420
COMPAQ COMPUTER CORP COM 204493100 4158162572SH X 162572
COMPUTER ASSOC INTL COM 204912109 3582 69112SH X 69112
COMPUTER SCIENCES CORP COM 205363104 5321 71355SH X 71355
COMPUWARE CORP COM 205638109 1784172625SH X 172625
CONAGRA INC COM 205887102 4003207069SH X 207069
CONSOLIDATED EDISON INC COM 209115104 2191 74053SH X 74053
COOPER CAMERON CORP COM 216640102 1436 21625SH X 21625
COPPER MOUNTAIN NETWORKS INC COM 217510106 473 5378SH X 5378
CORIXA CORP COM 21887F100 874 20500SH X 20500
CORNING INC COM 219350105 661 2450SH X 2450
DTE ENERGY COMPANY COM 233331107 249 8200SH X 8200
DEERE & COMPANY COM 244199105 451 12075SH X 12075
DELL COMPUTER COM 247025109 225 4565SH X 4565
DELPHI AUTOMOTIVE SYSTEMS COM 247126105 148 10133SH X 10133
DEUTSCHE BANK A G SPSD ADR COM 251525309 379 4600SH X 4600
DIEBOLD INC COM 253651103 1253 44650SH X 44650
DISNEY WALT CO COM 254687106 1983 51018SH X 51018
DOLLAR TREE STORES COM 256747106 270 6794SH X 6794
DOMINION RESOURCES INC/VA COM 25746U109 1451 34046SH X 34046
DONNELLEY R R & SONS COM 257867101 608 27050SH X 27050
DOW CHEMICAL COM 260543103 739 24036SH X 24036
DU PONT E I DE NEMOURS COM 263534109 3328 75789SH X 75789
DUKE ENERGY CORP COM 264399106 1377 24184SH X 24184
EMC CORPORATION COM 268648102 2946 38380SH X 38380
EASTMAN KODAK COM 277461109 5287 88681SH X 88681
ECOLAB INC COM 278865100 506 12900SH X 12900
EMERSON ELECTRIC COM 291011104 1256 20891SH X 20891
ENERGIZER HOLDINGS INC W/I COM 29266R108 3404186195SH X 186195
ENHANCE FINANCIAL SERVICES GRO COM 293310108 151 10400SH X 10400
ENRON CORP COM 293561106 283 4374SH X 4374
EQUITY INC FD UNT RE INC FD 94 COM 294700703 560 3200SH X 3200
EXTR@CT INC COM 302258108 9 50116SH X 50116
EXXON MOBIL CORPORATION COM 30231G102 23013292675SH X 292675
FPL GROUP COM 302571104 269 5419SH X 5419
FANNIE MAE COM 313586109 764 14684SH X 14684
FIRST UNION CORP COM 337358105 855 34479SH X 34479
FIRST VIRGINIA BANKSHARES COM 337477103 948 27262SH X 27262
FORD MOTOR COMPANY COM 345370100 8167191277SH X 191277
FOUNDRY NETWORKS INC COM 35063R100 9644 86975SH X 86975
FRANKLIN COVEY CO COM 353469109 140 20325SH X 20325
FRANKLIN SELECT REALTY TRUST COM 354638108 5 19665SH X 19665
GTE CORPORATION COM 362320103 3899 62979SH X 62979
GANNETT INC COM 364730101 1549 25837SH X 25837
GARTNER GROUP INC CL B COM 366651107 230 19350SH X 19350
GENERAL DYNAMICS CORP COM 369550108 5794111325SH X 111325
GENERAL ELECTRIC COM 369604103 40842779435SH X 779435
GENERAL MILLS COM 370334104 246 6400SH X 6400
GENERAL MOTORS CORP COM 370442105 585 10095SH X 10095
GENUINE PARTS COM 372460105 270 13350SH X 13350
GILLETTE COMPANY COM 375766102 390 11347SH X 11347
GRIFFIN LAND & NURSERIES COM 398231100 247 20000SH X 20000
GUARANTY FINANCIAL CORP VA COM 401086103 169 22000SH X 22000
HALLIBURTON CO COM 406216101 322 6850SH X 6850
HARBOR FLORIDA BANCSHARES COM 411901101 136 13000SH X 13000
HARRIS CORP COM 413875105 394 12100SH X 12100
HARTFORD FINL SV GROUP INC COM 416515104 4991 89202SH X 89202
HERITAGE BANKSHARES INC COM 42721M101 407 40762SH X 40762
HEWLETT-PACKARD COM 428236103 12536101090SH X 101090
HIGHWOODS PROPERTIES INC COM 431284108 1427 59282SH X 59282
HIRSCH INTERNATIONAL CORP A COM 433550100 49 36900SH X 36900
HOME DEPOT INC COM 437076102 1544 31001SH X 31001
HONEYWELL INTERNATIONAL COM 438516106 922 27416SH X 27416
HOOKER FURNITURE CORP COM 439038100 365 41600SH X 41600
HUNTINGTON BANCSHARES COM 446150104 2048129893SH X 129893
ITT INDUSTRIES INC COM 450911102 1468 48376SH X 48376
INCO LTD CONV S-D SR NT CV 453258AH8 1720000PRN X 20000
INTEL CORP COM 458140100 46592349016SH X 349016
INTERNATIONAL BUSINESS MACHINE COM 459200101 9679 88315SH X 88315
INTERNATIONAL PAPER COM 460146103 2141 71739SH X 71739
JDS UNIPHASE CORP COM 46612J101 366 3050SH X 3050
JEFFERSON-PILOT COM 475070108 1782 31534SH X 31534
JOHNSON & JOHNSON COM 478160104 2409 23686SH X 23686
KELLOGG COMPANY COM 487836108 269 9000SH X 9000
KIMBERLY CLARK CORP COM 494368103 404 7036SH X 7036
ELI LILLY COM 532457108 1659 16589SH X 16589
LITTON INDUSTRIES COM 538021106 579 13900SH X 13900
LOCKHEED MARTIN CORP COM 539830109 689 27704SH X 27704
LUCENT TECHNOLOGIES INC COM 549463107 3137 53127SH X 53127
MFS INTERMEDIATE INCOME TR SBI COM 55273C107 75 12402SH X 12402
MGI PROPERTIES COM 552885105 23 11547SH X 11547
MARKEL CORP COM 570535104 1688 12001SH X 12001
MARSH & MCLENNAN COS INC COM 571748102 1067 10243SH X 10243
MAY DEPT STORES COMPANY COM 577778103 238 9945SH X 9945
MCDONALDS CORP COM 580135101 1186 35910SH X 35910
MCGRAW HILL INC COM 580645109 3645 67480SH X 67480
MEAD CORPORATION COM 582834107 8465332743SH X 332743
MEDTRONIC INC COM 585055106 1735 35031SH X 35031
MEDI SCIENCE COM 585901101 12 48000SH X 48000
MERCK & COMPANY COM 589331107 14487189032SH X 189032
MICROSOFT CORP COM 594918104 5359 66980SH X 66980
MINNESOTA MINING & MFG COM 604059105 1108 13397SH X 13397
MORGAN JP & CO COM 616880100 1148 10355SH X 10355
MORGAN STANLEY DW DISCOVER COM COM 617446448 405 4872SH X 4872
MOTOROLA COM 620076109 3318108668SH X 108668
NABISCO GROUP HOLDINGS COM 62952P102 1212 46650SH X 46650
NASDAQ-100 SHARES COM 631100104 583 6260SH X 6260
NESTLE S A SPNSRD ADR RPSTG RE COM 641069406 1359 13575SH X 13575
NOKIA CORP ADR A COM 654902204 2830 56521SH X 56521
NORFOLK SOUTHERN CORP COM 655844108 2901197301SH X 197301
NORTHERN STATES POWER COM 665772109 3223160536SH X 160536
NUCOR CORP COM 670346105 2245 68050SH X 68050
ONE VALLEY BANCORP WEST VA INC COM 682419106 366 11651SH X 11651
ORACLE SYSTEMS CORP COM 68389X105 486 5802SH X 5802
PNC BANK CORP COM 693475105 257 5488SH X 5488
PPG INDUSTRIES INC COM 693506107 632 14300SH X 14300
PEPSICO COM 713448108 4942111251SH X 111251
PFIZER COM 717081103 5726119308SH X 119308
PHARMACIA CORPORATION COM 71713U102 1659 32115SH X 32115
PHILIP MORRIS COM 718154107 1600 59882SH X 59882
PHILLIPS PETROLEUM COM 718507106 1176 23125SH X 23125
PILGRIM PRIME RATE TRUST COM 72146W103 107 12000SH X 12000
POLICY MANAGEMENT SYSTEMS COM 731108106 406 26550SH X 26550
PROCTER & GAMBLE COM 742718109 2100 36732SH X 36732
PUTNAM MANAGED MUNI INCM TST COM 746823103 131 14400SH X 14400
QUAKER OATS COM 747402105 397 5286SH X 5286
QUEST EDUCATION CORP COM 74835F102 244 13400SH X 13400
RAYONIER INC COM 754907103 343 9521SH X 9521
RAYTHEON CO COM 755111408 2984153267SH X 153267
RELIANT ENERGY INC COM 75952J108 287 9575SH X 9575
RESOURCE BANKSHARES CORP VA COM 76121R104 164 19146SH X 19146
REUTERS GROUP PLC SPSD ADR COM 76132M102 662 6617SH X 6617
ROHM & HAAS CO COM 775371107 1179 34210SH X 34210
ROWE FURNITURE CORP COM 779528108 84 22000SH X 22000
ROYAL DUTCH PETROLEUM GLDR 5 COM 780257804 5523 89827SH X 89827
SBC COMMUNICATIONS INC COM 78387G103 4063 94073SH X 94073
STANDARD & POORS DEPOSITORY COM 78462F103 1094 7535SH X 7535
THE ST JOE COMPANY COM 790148100 4226139240SH X 139240
SARA LEE CORP COM 803111103 208 10946SH X 10946
SCANA CORP NEW COM 80589M102 412 17057SH X 17057
SCHERING-PLOUGH COM 806605101 1123 22286SH X 22286
SCHLUMBERGER LTD COM 806857108 588 7949SH X 7949
SEARS ROEBUCK & CO COM 812387108 5109156698SH X 156698
SELECT COMFORT CORPORATION COM 81616X103 263 80300SH X 80300
SERVICE CORP INTL COM 817565104 614196925SH X 196925
SHELL TRANS & TRADING PLC NY S COM 822703609 211 4250SH X 4250
SHORE FINANCIAL CORP COM 82511E109 145 19615SH X 19615
SIGMA ALDRICH CORP COM 826552101 378 13020SH X 13020
SMITHFIELD FOODS COM 832248108 4687165799SH X 165799
SMITHKLINE BEECHAM PLC ADR ORD COM 832378301 917 14084SH X 14084
SONOCO PRODUCTS COM 835495102 448 21613SH X 21613
SOUTHDOWN INC COM 841297104 680 11783SH X 11783
SOUTHTRUST CORP COM 844730101 485 21662SH X 21662
SPRINT CORP COM 852061100 406 8003SH X 8003
SUN MICROSYSTEMS COM 866810104 1838 20235SH X 20235
SUNTRUST BANKS INC COM 867914103 3252 71225SH X 71225
SYSCO CORP COM 871829107 223 5300SH X 5300
TELEFONICA DE ESPANA ADS COM 879382208 521 8139SH X 8139
TELLABS INC COM 879664100 5655 82625SH X 82625
TEMPLETON GLOBAL GOVT INCOME T COM 879929107 105 17752SH X 17752
TEMPLETON DRAGON FUND COM 88018T101 239 27000SH X 27000
TEMPLETON GLOBAL INCOME COM 880198106 120 19800SH X 19800
TEXACO COM 881694103 1317 24727SH X 24727
TEXAS INSTRUMENTS COM 882508104 1382 20150SH X 20150
THERMO ELECTRON CORP COM 883556102 576 27850SH X 27850
THERMO INSTRUMENT SR NT CV 883559AE6 204250000SH X 250000
TIME WARNER INC COM 887315109 266 3500SH X 3500
TOTAL SA SPONSORED ADR COM 89151E109 220 2856SH X 2856
TREDEGAR INDUSTRIES INC COM 894650100 764 39875SH X 39875
TYCO INTERNATIONAL LTD NEW COM 902124106 7136151110SH X 151110
ULTRA SCAN CORP COM 9039009A8 50 50000SH X 50000
UNION PACIFIC COM 907818108 428 11285SH X 11285
UNION PACIFIC RESOURCES GROUP COM 907834105 231 10405SH X 10405
UNITED DOMINION REALTY TR COM 910197102 5049459371SH X 459371
UNITED MOBILE HOMES INC COM 911024107 641 78225SH X 78225
US CELLULAR CORP COM 911684108 5032 80315SH X 80315
US WEST INC COM 91273H101 2166 25212SH X 25212
UNITED TECHNOLOGIES COM 913017109 892 15000SH X 15000
VIACOM INC CL A COM 925524308 482 7077SH X 7077
VISTEON CORP COM 92839U107 198 26143SH X 26143
VODAFONE GRP PLC SPN ADR COM 92857T107 800 19185SH X 19185
WLR FOODS COM 929286102 310 67150SH X 67150
WACHOVIA CORP COM 929771103 3030 55894SH X 55894
WAL-MART STORES INC COM 931142103 1190 20819SH X 20819
WASHINGTON MUTUAL COM 939322103 3652126425SH X 126425
WASHINGTON REIT SBI COM 939653101 1866103800SH X 103800
WASTE MANAGEMENT INC COM 94106L109 670 34237SH X 34237
WATSON PHARMACEUTICALS INC COM 942683103 5956111430SH X 111430
WELLS FARGO CO COM 949746101 590 14975SH X 14975
WESCAM INC COM 950905109 841213550SH X 213550
WIRELESS TELECOM GROUP INC COM 976524108 109 36200SH X 36200
WORLDCOM INC COM 98157D106 6267136869SH X 136869
XEROX COM 984121103 429 21220SH X 21220
YORK GROUP INC COM 986632107 73 18300SH X 18300
DAIMLER-CHRYSLER AG COM D1668R123 423 8143SH X 8143
</TABLE>
