PRESQUE ISLE CAPITAL MANAGEMENT INC
13F-HR, 2000-02-10
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				UNITED STATES
			SECURITIES AND EXCHANGE COMMISSION
				Washington, D.C.  20549

                                FORM 13F

                        FORM 13F COVER PAGE

Report for the Calendar Year or 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:		Presque Isle Capital Management, Inc.
Address:	3939 West Ridge Road
		Suite B30
		Erie, PA  16506

13F File Number:	28-2939

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:		John F. Trettel
Title:		President
Phone:		814-835-7097
Signature, Place, and Date of Signing

        John F. Trettel         Erie, PA                February 10, 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: 71

Form 13F Information Table Value Total: $92,525


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

AT&T Corp                      com              001957109   1445   28445   sh       sole             28445       0      0
Abbott Labs                    com              002824100   1109   30550   sh       sole             30550       0      0
Aetna Inc                      com              008117103    553    9900   sh       sole              9900       0      0
America Online Inc Del         com              02364J104   3059   40314   sh       sole             40314       0      0
American Home Prods Corp       com              026609107   1258   32050   sh       sole             32050       0      0
Becton Dickinson & Co          com              075887109    334   12400   sh       sole             12400       0      0
BellSouth Inc                  com              079860102   1943   41502   sh       sole             41502       0      0
Black & Decker Corp            com              091797100   1590   30425   sh       sole             30425       0      0
Boston Scientific Corp         com              101137107    339   15500   sh       sole             15500       0      0
Bristol Myers Squibb Co        com              110122108   2875   44798   sh       sole             44798       0      0
Cable & Wireless Pub Ltd Co    Sponsored ADR    126830207   1448   27350   sh       sole             27350       0      0
Callaway Golf                  com              131193104    283   16000   sh       sole             16000       0      0
Cisco Sys Inc                  com              17275R102   5606   52328   sh       sole             52328       0      0
Citigroup Inc                  com              172967101   1502   26974   sh       sole             26974       0      0
Compaq Computer Corp           com              204493100   2049   75696   sh       sole             75696       0      0
Cox Communications Inc New     Cl A             224044107    206    4000   sh       sole              4000       0      0
Dell Computer Corp             com              247025109    840   16475   sh       sole             16475       0      0
Diebold Inc                    com              253651103    274   11650   sh       sole             11650       0      0
Disney Walt Co                 com              254687106    542   18520   sh       sole             18520       0      0
EMC Corp Mass                  com              268648102   2043   18700   sh       sole             18700       0      0
Eastman Kodak Co               com              277461109    850   12825   sh       sole             12825       0      0
Exxon Mobil Corp               com              30231G102   2703   33549   sh       sole             33549       0      0
Federal Natl Mtg Assn          com              313586109    256    4100   sh       sole              4100       0      0
Fidelity Bankshares Inc        com              316047109    346   24500   sh       sole             24500       0      0
FleetBoston Finl Corp          com              339030108   1020   29300   sh       sole             29300       0      0
GTE Corp                       com              362320103    413    5850   sh       sole              5850       0      0
General Elec Co                com              369604103   4182   27023   sh       sole             27023       0      0
Global Crossing Ltd            com              G3921A100   1573   31450   sh       sole             31450       0      0
Halliburton Co                 com              406216101    487   12100   sh       sole             12100       0      0
Hewlett Packard Co             com              428236103   3444   30275   sh       sole             30275       0      0
Hospitality PPTYS TR           com SH BEN INT   44106M102    261   13700   sh       sole             13700       0      0
Intel Corp                     com              458140100   5984   72704   sh       sole             72704       0      0
International Business Machs   com              459200101   2384   22103   sh       sole             22103       0      0
Johnson & Johnson              com              478160104   2893   31021   sh       sole             31021       0      0
Lilly Eli & Co                 com              532457108   2500   37600   sh       sole             37600       0      0
Lucent Technologies Inc        com              549463107   1671   22278   sh       sole             22278       0      0
MCI Worlcom Inc                com              55268B106   2038   38412   sh       sole             38412       0      0
Mallinckrodt Inc New           com              561232109    350   11000   sh       sole             11000       0      0
McDonalds Corp                 com              580135101    343    8500   sh       sole              8500       0      0
Medtronic Inc                  com              585055106   1010   27726   sh       sole             27726       0      0
Merck & Co Inc                 com              589331107   3120   46440   sh       sole             46440       0      0
Microsoft Corp                 com              594918104   4010   34350   sh       sole             34350       0      0
Milacron Inc                   com              598709103    215   13950   sh       sole             13950       0      0
Mindspring Enterprises Inc     com              602683104    572   21650   sh       sole             21650       0      0
Minnesota Mng & Mfg Co         com              604059105    411    4200   sh       sole              4200       0      0
Mony Group Inc                 com              615337102    350   12000   sh       sole             12000       0      0
National City Corp             com              635405103    317   13380   sh       sole             13380       0      0
Niagara Bancorp Inc            com              652914102    274   26700   sh       sole             26700       0      0
Nortel Networks Corp           com              656569100   2252   22300   sh       sole             22300       0      0
Novell Inc                     com              670006105    659   16500   sh       sole             16500       0      0
Officemax Inc                  com              67622M108    623  114500   sh       sole            114500       0      0
PNC BK Corp                    com              693475105    829   18622   sh       sole             18622       0      0
Penney J C Inc                 com              708160106    203   10200   sh       sole             10200       0      0
Pepsico Inc                    com              713448108    857   24305   sh       sole             24305       0      0
Pfizer Inc                     com              717081103   2144   66080   sh       sole             66080       0      0
Reckson Assoc Rlty Corp        Pfd CV Ser A%    75621K205    287   14450   sh       sole             14450       0      0
SBC Communications Inc         com              78387G103   1557   31939   sh       sole             31939       0      0
Schering Plough Corp           com              806605101    773   18250   sh       sole             18250       0      0
Sovereign Bancorp Inc          com              845905108    485   65066   sh       sole             65066       0      0
Staten Is Bancorp Inc          com              857550107    691   38380   sh       sole             38380       0      0
Steris Corp                    com              859152100    248   24200   sh       sole             24200       0      0
Sun Microsystems Inc           com              866810104    271    3500   sh       sole              3500       0      0
Texas Instrs Inc               com              882508104    312    3225   sh       sole              3225       0      0
Texas Pac Ld Tr                Sub CTF PROP IT  882610108    346    9025   sh       sole              9025       0      0
3Com Corp                      com              885535104   2320   49350   sh       sole             49350       0      0
Time Warner Inc                com              887315109   1771   24490   sh       sole             24490       0      0
Unocal Corp                    com              915289102    264    7872   sh       sole              7872       0      0
Vlasic Foods Intl Inc          com              928559103    313   55000   sh       sole             55000       0      0
Vodafone Airtouch PLC          Sponsored ADR    92857T107    507   10245   sh       sole             10245       0      0
Warner Lambert Co              com              934488107    207    2520   sh       sole              2520       0      0
Xerox Corp                     com              984121103   1331   58650   sh       sole             58650       0      0
</TABLE>


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