UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 09/30/00
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 10/05/00
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: 248
Form 13F Information Table Value Total: 563527
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
VALUE SHARES/ OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASSCUSIP (x$1000PRN AMT SOLESHRD. V SHRD. OTHR MANAGERS SOLE SHARED NONE
AT&T COM 001957109 2304 79196SH X 79196
AT&T COM 001957208 235 13080SH X 13080
ABBOTT LABORATORIES COM 002824100 4411 92404SH X 92404
AEGIS COMMUNICATIONS GROUP COM 00760B105 51 50000SH X 50000
AGILENT TECHNOLOGIES INC COM 00846U101 713 14516SH X 14516
ALCOA INC COM 013817101 710 28020SH X 28020
ALLSTATE CORP COM 020002101 231 6752SH X 6752
AMERICA ONLINE INC COM 02364J104 202 3826SH X 3826
AMERICAN ELECTRIC POWER COM 025537101 434 10991SH X 10991
AMERICAN EXPRESS COM 025816109 450 7410SH X 7410
AMERICAN GREETINGS CL A COM 026375105 211 11600SH X 11600
AMERICAN HOME PRODUCTS COM 026609107 5509 97531SH X 97531
AMERICAN INTL GROUP INC COM 026874107 1158 12094SH X 12094
AMGEN COM 031162100 2743 39300SH X 39300
AMSOUTH BANCORP COM 032165102 146 11610SH X 11610
ANADARKO PETROLEUM CORP COM 032511107 201 3014SH X 3014
ANHEUSER-BUSCH COS INC COM 035229103 2042 48364SH X 48364
APPLIED MATERIALS COM 038222105 3757 63884SH X 63884
ASSOCIATED ESTATES REALTY CORP COM 045604105 218 27200SH X 27200
AUDRE RECOGNITION SYSTEMS INC COM 050904101 0 81081SH X 81081
AUTOMATIC DATA PROCESSING COM 053015103 5850 87455SH X 87455
AVALONBAY COMMUNITIES INC COM COM 053484101 431 9070SH X 9070
B B & T CORP COM 054937107 2625 87053SH X 87053
BP AMOCO COM 055622104 6043 114048SH X 114048
BMC SOFTWARE INC COM 055921100 488 25100SH X 25100
BANK OF AMERICA COPR COM 060505104 5008 95452SH X 95452
BANK OF HAMPTON ROADS COM 060990108 472 44943SH X 44943
BANK ONE CORP COM 06423A103 1574 41352SH X 41352
BAXTER INTL INC COM 071813109 253 3166SH X 3166
BAYER A G SPONSORED ADR COM 072730302 282 7600SH X 7600
BEAR STEARNS COS COM 073902108 4743 75041SH X 75041
BECTON DICKINSON COM 075887109 920 34550SH X 34550
BELLSOUTH CORP COM 079860102 3405 84267SH X 84267
BERGEN BRUNSWIG CORP COM 083739102 469 39574SH X 39574
BEST FOODS COM 08658U101 423 5836SH X 5836
BOEING CO COM 097023105 1495 23695SH X 23695
BRISTOL MYERS SQUIBB COMPANY COM 110122108 9515 164721SH X 164721
BROWN-FORMAN INC CL B COM 115637209 425 7800SH X 7800
BURLINGTON NORTHERN SANTA FE COM 12189T104 3445 160028SH X 160028
CIGNA CORP COM 125509109 4870 46896SH X 46896
C P & L ENERGY INC COM 12614C106 260 6257SH X 6257
CSX CORPORATION COM 126408103 366 16872SH X 16872
CANADIAN PACIFIC LTD NEW COM 135923100 3500 133950SH X 133950
CANADIAN NATIONAL RAILWAY CO COM 136375102 2115 72043SH X 72043
CAPITAL ONE FINANCIAL CORP COM 14040H105 260 3720SH X 3720
CARDINAL HEALTH INC COM 14149Y108 6356 71996SH X 71996
CATERPILLAR INC COM 149123101 1114 36028SH X 36028
CENIT BANCORP INC COM 15131W109 408 27791SH X 27791
CHARLES & COLVARD LTD COM 159765106 1678 430920SH X 430920
CHASE MANHATTAN CORP NEW COM 16161A108 4699 102196SH X 102196
CHEVRON CORP COM 166751107 1831 21463SH X 21463
CIRCUIT CITY COM 172737108 578 24890SH X 24890
CISCO SYSTEMS INC COM 17275R102 8821 159382SH X 159382
CITIGROUP INC COM 172967101 9456 175362SH X 175362
CLAYTON HOMES COM 184190106 147 14596SH X 14596
CLOROX CORP COM 189054109 286 7256SH X 7256
COASTAL CORP COM 190441105 6802 91815SH X 91815
COCA COLA BOTTLING CO COM 191098102 315 7525SH X 7525
COCA-COLA COM 191216100 28858 523375SH X 523375
COLGATE-PALMOLIVE COM 194162103 1006 21340SH X 21340
COLUMBIA ENERGY GROUP (FORMERL COM 197648108 269 3803SH X 3803
COMCAST CLASS A COM 200300200 406 10020SH X 10020
COMPAQ COMPUTER CORP COM 204493100 4426 160397SH X 160397
COMPUTER SCIENCES CORP COM 205363104 5179 69605SH X 69605
COMPUWARE CORP COM 205638109 1417 168325SH X 168325
CONAGRA INC COM 205887102 3978 198521SH X 198521
CONSOLIDATED EDISON INC COM 209115104 2497 73403SH X 73403
COOPER CAMERON CORP COM 216640102 1598 21775SH X 21775
CORIXA CORP COM 21887F100 981 19500SH X 19500
CORNING INC COM 219350105 817 2750SH X 2750
DTE ENERGY COMPANY COM 233331107 279 7200SH X 7200
DEERE & COMPANY COM 244199105 397 11875SH X 11875
DELL COMPUTER COM 247025109 2789 90890SH X 90890
DELPHI AUTOMOTIVE SYSTEMS COM 247126105 155 10064SH X 10064
DELTA AIR LINES COM 247361108 2246 50740SH X 50740
DEUTSCHE BANK A G SPSD ADR COM 251525309 379 4600SH X 4600
DIEBOLD INC COM 253651103 1197 44450SH X 44450
DISNEY WALT CO COM 254687106 1980 51806SH X 51806
DOLLAR TREE STORES COM 256747106 268 6644SH X 6644
DOMINION RESOURCES INC/VA COM 25746U109 2069 35669SH X 35669
DONNELLEY R R & SONS COM 257867101 661 27050SH X 27050
DOW CHEMICAL COM 260543103 556 22436SH X 22436
DU PONT E I DE NEMOURS COM 263534109 2922 71889SH X 71889
DUKE ENERGY CORP COM 264399106 2029 23585SH X 23585
EMC CORPORATION COM 268648102 4136 41435SH X 41435
EASTMAN KODAK COM 277461109 3390 84156SH X 84156
ECOLAB INC COM 278865100 467 12900SH X 12900
EDWARDS A G & SONS COM 281760108 238 4521SH X 4521
EFUNDS CORP COM 28224R101 78 10900SH X 10900
EMERSON ELECTRIC COM 291011104 1385 20719SH X 20719
ENERGIZER HOLDINGS INC W/I COM 29266R108 4374 178409SH X 178409
ENHANCE FINANCIAL SERVICES GRO COM 293310108 136 10550SH X 10550
ENRON CORP COM 293561106 454 5174SH X 5174
EQUITY INC FD UNT RE INC FD 94 COM 294700703 498 3200SH X 3200
EXTR@CT INC COM 302258108 13 50116SH X 50116
EXXON MOBIL CORPORATION COM 30231G102 25913 290272SH X 290272
FPL GROUP COM 302571104 352 5319SH X 5319
FANNIE MAE COM 313586109 1050 14682SH X 14682
FIRST UNION CORP COM 337358105 567 17615SH X 17615
FIRST VIRGINIA BANKSHARES COM 337477103 755 17672SH X 17672
FORD MOTOR COMPANY COM 345370860 4858 186957SH X 186957
FRANKLIN COVEY CO COM 353469109 149 20325SH X 20325
FRANKLIN SELECT REALTY TRUST COM 354638108 5 16557SH X 16557
GANNETT INC COM 364730101 1363 25575SH X 25575
GARTNER GROUP INC CL B COM 366651107 223 19500SH X 19500
GENERAL DYNAMICS CORP COM 369550108 7427 118311SH X 118311
GENERAL ELECTRIC COM 369604103 43121 745848SH X 745848
GENERAL MILLS COM 370334104 228 6400SH X 6400
GENERAL MOTORS CORP COM 370442105 655 9995SH X 9995
GENUINE PARTS COM 372460105 239 12600SH X 12600
GILLETTE COMPANY COM 375766102 350 11347SH X 11347
GRIFFIN LAND & NURSERIES COM 398231100 251 19900SH X 19900
GUARANTY FINANCIAL CORP VA COM 401086103 160 21700SH X 21700
HALLIBURTON CO COM 406216101 385 7850SH X 7850
HARBOR FLORIDA BANCSHARES COM 411901101 156 13000SH X 13000
HARTFORD FINL SV GROUP INC COM 416515104 6500 89202SH X 89202
HERITAGE BANKSHARES INC COM 42721M101 473 39862SH X 39862
HEWLETT-PACKARD COM 428236103 9761 99760SH X 99760
HIGHWOODS PROPERTIES INC COM 431284108 1388 58799SH X 58799
HIRSCH INTERNATIONAL CORP A COM 433550100 45 34300SH X 34300
HOME DEPOT INC COM 437076102 5494 103341SH X 103341
HONEYWELL INTERNATIONAL COM 438516106 974 27323SH X 27323
HOOKER FURNITURE CORP COM 439038100 374 41600SH X 41600
HOUSEHOLD INTERNATIONAL COM 441815107 232 4111SH X 4111
HUNTINGTON BANCSHARES COM 446150104 2095 143040SH X 143040
ITT INDUSTRIES INC COM 450911102 1554 48076SH X 48076
INCO LTD CONV S-D SR NT CV 453258AH8 18 20000PRN X 20000
INTEL CORP COM 458140100 27837 670456SH X 670456
INTERNATIONAL BUSINESS MACHINE COM 459200101 9301 82470SH X 82470
INTERNATIONAL PAPER COM 460146103 2027 70786SH X 70786
JDS UNIPHASE CORP COM 46612J101 429 4555SH X 4555
JEFFERSON-PILOT COM 475070108 2139 31534SH X 31534
JOHNSON & JOHNSON COM 478160104 1734 18486SH X 18486
KELLOGG COMPANY COM 487836108 217 9000SH X 9000
KIMBERLY CLARK CORP COM 494368103 391 7036SH X 7036
ELI LILLY COM 532457108 1333 16489SH X 16489
LITTON INDUSTRIES COM 538021106 731 16650SH X 16650
LOCKHEED MARTIN CORP COM 539830109 914 27604SH X 27604
LOEWS CORP COM 540424108 200 2425SH X 2425
LUCENT TECHNOLOGIES INC COM 549463107 1752 57227SH X 57227
MBNA CORP COM 55262L100 847 21979SH X 21979
MFS INTERMEDIATE INCOME TR SBI COM 55273C107 77 12402SH X 12402
MARKEL CORP COM 570535104 1794 11801SH X 11801
MARSH & MCLENNAN COS INC COM 571748102 1359 10243SH X 10243
MAY DEPT STORES COMPANY COM 577778103 203 9945SH X 9945
MCDONALDS CORP COM 580135101 1097 36310SH X 36310
MCGRAW HILL INC COM 580645109 4295 67480SH X 67480
MEDTRONIC INC COM 585055106 1757 33971SH X 33971
MEDI SCIENCE COM 585901101 17 48000SH X 48000
MERCK & COMPANY COM 589331107 13838 186182SH X 186182
MERRILL LYNCH COM 590188108 211 3200SH X 3200
MICROSOFT CORP COM 594918104 3698 61473SH X 61473
MINNESOTA MINING & MFG COM 604059105 1214 13397SH X 13397
MORGAN JP & CO COM 616880100 1646 10105SH X 10105
MORGAN STANLEY DW DISCOVER COM COM 617446448 462 5033SH X 5033
MOTOROLA COM 620076109 3138 106328SH X 106328
MYND CORP COM 628551103 359 26550SH X 26550
NABISCO GROUP HOLDINGS COM 62952P102 1309 45850SH X 45850
NASDAQ-100 SHARES COM 631100104 494 5540SH X 5540
NESTLE S A SPNSRD ADR RPSTG RE COM 641069406 1368 13175SH X 13175
NOKIA CORP ADR A COM 654902204 2264 56575SH X 56575
NORFOLK SOUTHERN CORP COM 655844108 3020 207817SH X 207817
NUCOR CORP COM 670346105 2042 66975SH X 66975
ORACLE SYSTEMS CORP COM 68389X105 462 5802SH X 5802
PNC BANK CORP COM 693475105 357 5488SH X 5488
PPG INDUSTRIES INC COM 693506107 610 15400SH X 15400
PEPSICO COM 713448108 5062 109951SH X 109951
PFIZER COM 717081103 5255 117181SH X 117181
PHARMACIA CORPORATION COM 71713U102 1921 31886SH X 31886
PHILIP MORRIS COM 718154107 1939 65614SH X 65614
PHILLIPS PETROLEUM COM 718507106 1426 22775SH X 22775
PILGRIM PRIME RATE TRUST COM 72146W103 104 12000SH X 12000
PROCTER & GAMBLE COM 742718109 2457 36672SH X 36672
PUTNAM MANAGED MUNI INCM TST COM 746823103 131 14400SH X 14400
QUAKER OATS COM 747402105 418 5286SH X 5286
QUALCOMM INC COM 747525103 411 5755SH X 5755
QWEST COMMUNICATIONS INTL INC COM 749121109 2126 44289SH X 44289
RAYONIER INC COM 754907103 343 9521SH X 9521
RAYTHEON CO COM 755111408 4412 154848SH X 154848
RELIANT ENERGY INC COM 75952J108 442 9475SH X 9475
RESOURCE BANKSHARES CORP VA COM 76121R104 187 19190SH X 19190
ROHM & HAAS CO COM 775371107 995 34210SH X 34210
ROWE FURNITURE CORP COM 779528108 68 22000SH X 22000
ROYAL DUTCH PETROLEUM GLDR 5 COM 780257804 5380 89727SH X 89727
SBC COMMUNICATIONS INC COM 78387G103 4658 93371SH X 93371
STANDARD & POORS DEPOSITORY COM 78462F103 1099 7715SH X 7715
THE ST JOE COMPANY COM 790148100 3815 138985SH X 138985
SCANA CORP NEW COM 80589M102 525 17057SH X 17057
SCHERING-PLOUGH COM 806605101 1035 22186SH X 22186
SCHLUMBERGER LTD COM 806857108 615 7549SH X 7549
SCHULMAN (A) INC COM 808194104 120 10875SH X 10875
SEARS ROEBUCK & CO COM 812387108 4860 151750SH X 151750
SELECT COMFORT CORPORATION COM 81616X103 97 70550SH X 70550
SERVICE CORP INTL COM 817565104 425 187447SH X 187447
SHELL TRANS & TRADING PLC NY S COM 822703609 208 4250SH X 4250
SHORE FINANCIAL CORP COM 82511E109 83 11500SH X 11500
SIGMA ALDRICH CORP COM 826552101 434 12970SH X 12970
SMITHFIELD FOODS COM 832248108 4125 156449SH X 156449
SMITHKLINE BEECHAM PLC ADR ORD COM 832378301 996 14484SH X 14484
SONOCO PRODUCTS COM 835495102 364 20466SH X 20466
SOUTHDOWN INC COM 841297104 840 11783SH X 11783
SOUTHERN COMPANY COM 842587107 223 6880SH X 6880
SOUTHTRUST CORP COM 844730101 682 21662SH X 21662
SPRINT CORP COM 852061100 237 8003SH X 8003
SUN MICROSYSTEMS COM 866810104 2230 19085SH X 19085
SUNTRUST BANKS INC COM 867914103 3611 72484SH X 72484
SYSCO CORP COM 871829107 246 5300SH X 5300
TECO ENERGY COM 872375100 260 9005SH X 9005
TELEFONICA DE ESPANA ADS COM 879382208 483 8139SH X 8139
TELLABS INC COM 879664100 2537 52975SH X 52975
TEMPLETON GLOBAL GOVT INCOME T COM 879929107 97 16752SH X 16752
TEMPLETON DRAGON FUND COM 88018T101 211 26150SH X 26150
TEMPLETON GLOBAL INCOME COM 880198106 118 19800SH X 19800
TEXACO COM 881694103 1286 24473SH X 24473
TEXAS INSTRUMENTS COM 882508104 897 18950SH X 18950
THERMO ELECTRON CORP COM 883556102 706 27050SH X 27050
THERMO ELECTRON CORP SR NT CV 883556AH5 180210000PRN X 210000
TIME WARNER INC COM 887315109 312 4000SH X 4000
TOTAL SA SPONSORED ADR COM 89151E109 211 2856SH X 2856
TREDEGAR INDUSTRIES INC COM 894650100 863 49825SH X 49825
TYCO INTERNATIONAL LTD NEW COM 902124106 7755 149475SH X 149475
UST INC COM 902911106 1512 66325SH X 66325
ULTRA SCAN CORP COM 9039009A8 50 50000SH X 50000
UNION PACIFIC COM 907818108 444 11285SH X 11285
UNITED DOMINION REALTY TR COM 910197102 5095 471749SH X 471749
UNITED MOBILE HOMES INC COM 911024107 762 80875SH X 80875
US CELLULAR CORP COM 911684108 5563 78530SH X 78530
UNITED TECHNOLOGIES COM 913017109 1147 16450SH X 16450
VERIZON COMMUNICATIONS COM 92343V104 10079 207767SH X 207767
VIACOM INC CL A COM 925524308 464 7958SH X 7958
VISTEON CORP COM 92839U107 256 23036SH X 23036
VODAFONE GROUP PLC-SP ADR COM 92857W100 711 19185SH X 19185
WLR FOODS COM 929286102 529 38700SH X 38700
WACHOVIA CORP COM 929771103 3075 54219SH X 54219
WAL-MART STORES INC COM 931142103 1020 21069SH X 21069
WASHINGTON MUTUAL COM 939322103 5006 125200SH X 125200
WASHINGTON REIT SBI COM 939653101 2084 104200SH X 104200
WASTE MANAGEMENT INC COM 94106L109 516 29787SH X 29787
WATSON PHARMACEUTICALS INC COM 942683103 7266 111105SH X 111105
WELLS FARGO CO COM 949746101 688 14975SH X 14975
WESCAM INC COM 950905109 990 213350SH X 213350
WIRELESS TELECOM GROUP INC COM 976524108 93 36200SH X 36200
WORLDCOM INC COM 98157D106 4195 137483SH X 137483
XCEL ENERGY INC COM 98389B100 4478 161561SH X 161561
XEROX COM 984121103 299 19920SH X 19920
YORK GROUP INC COM 986632107 107 17700SH X 17700
DAIMLER-CHRYSLER AG COM D1668R123 335 7520SH X 7520
GLOBAL CROSSING LTD COM G3921A100 202 6575SH X 6575
</TABLE>