PRESQUE ISLE CAPITAL MANAGEMENT INC
13F-HR, 2000-05-04
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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:  March 31, 2000

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                May 4, 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: $102,698,000


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

AT&T Corp                      com              001957109   2027   35995   sh       sole             35995       0      0
Abbott Labs                    com              002824100    802   22800   sh       sole             22800       0      0
Aetna Inc                      com              008117103    561   10100   sh       sole             10100       0      0
America Online Inc Del         com              02364J104   2864   42474   sh       sole             42474       0      0
American Home Prods Corp       com              026609107   1513   28150   sh       sole             28150       0      0
Amgen Inc                      com              031162100    746   12150   sh       sole             12150       0      0
Becton Dickinson & Co          com              075887109    458   17400   sh       sole             17400       0      0
BellSouth Inc                  com              079860102   1770   37750   sh       sole             37750       0      0
Black & Decker Corp            com              091797100   1327   35325   sh       sole             35325       0      0
Boston Scientific Corp         com              101137107    324   15200   sh       sole             15200       0      0
Bristol Myers Squibb Co        com              110122108   2842   48998   sh       sole             48998       0      0
Cable & Wireless Pub Ltd Co    Sponsored ADR    126830207   1952   34850   sh       sole             34850       0      0
Callaway Golf                  com              131193104    248   16000   sh       sole             16000       0      0
Cisco Sys Inc                  com              17275R102   6865   88798   sh       sole             88798       0      0
Citigroup Inc                  com              172967101   1979   33049   sh       sole             33049       0      0
Compaq Computer Corp           com              204493100   1631   60421   sh       sole             60421       0      0
Dell Computer Corp             com              247025109    945   17525   sh       sole             17525       0      0
Diebold Inc                    com              253651103    320   11650   sh       sole             11650       0      0
Disney Walt Co                 com Disney       254687106    869   21070   sh       sole             21070       0      0
EMC Corp Mass                  com              268648102   2438   19350   sh       sole             19350       0      0
Earthlink Inc                  com              270321102    675   34730   sh       sole             34730       0      0
Eastman Kodak Co               com              277461109    621   11425   sh       sole             11425       0      0
Exxon Mobil Corp               com              30231G102   2466   31644   sh       sole             31644       0      0
Federal Natl Mtg Assn          com              313586109    368    6500   sh       sole              6500       0      0
Fidelity Bankshares Inc        com              316047109    303   22000   sh       sole             22000       0      0
FleetBoston Finl Corp          com              339030108   1358   37200   sh       sole             37200       0      0
Freedom Secs Corp              com              35644K103    250   16000   sh       sole             16000       0      0
GTE Corp                       com              362320103    408    5750   sh       sole              5750       0      0
General Elec Co                com              369604103   4135   26573   sh       sole             26573       0      0
Global Crossing Ltd            com              G3921A100   2015   49220   sh       sole             49220       0      0
Halliburton Co                 com              406216101    327    7950   sh       sole              7950       0      0
Hewlett Packard Co             com              428236103   4069   30625   sh       sole             30625       0      0
Hospitality PPTYS TR           com SH BEN INT   44106M102    237   11700   sh       sole             11700       0      0
Intel Corp                     com              458140100   8745   66279   sh       sole             66279       0      0
International Business Machs   com              459200101   2868   24303   sh       sole             24303       0      0
Johnson & Johnson              com              478160104   2105   29971   sh       sole             29971       0      0
Lilly Eli & Co                 com              532457108   2164   34550   sh       sole             34550       0      0
Lucent Technologies Inc        com              549463107   2152   35128   sh       sole             35128       0      0
MCI Worlcom Inc                com              55268B106   1488   32832   sh       sole             32832       0      0
Mallinckrodt Inc New           com              561232109    288   10000   sh       sole             10000       0      0
McDonalds Corp                 com              580135101    318    8500   sh       sole              8500       0      0
Medtronic Inc                  com              585055106   1467   28526   sh       sole             28526       0      0
Merck & Co Inc                 com              589331107   2916   46940   sh       sole             46940       0      0
Microsoft Corp                 com              594918104   3902   36725   sh       sole             36725       0      0
Minnesota Mng & Mfg Co         com              604059105    500    5650   sh       sole              5650       0      0
Mony Group Inc                 com              615337102    388   12000   sh       sole             12000       0      0
Niagara Bancorp Inc            com              652914102    224   23000   sh       sole             23000       0      0
Nortel Networks Corp           com              656569100   3076   24390   sh       sole             24390       0      0
Novell Inc                     com              670006105    358   12500   sh       sole             12500       0      0
Officemax Inc                  com              67622M108    486   74800   sh       sole             74800       0      0
PNC BK Corp                    com              693475105    790   17527   sh       sole             17527       0      0
Pepsico Inc                    com              713448108    799   22905   sh       sole             22905       0      0
Pfizer Inc                     com              717081103   2198   60105   sh       sole             60105       0      0
Photronics Inc                 com              719405102   1435   40650   sh       sole             40650       0      0
Reckson Assoc Rlty Corp        Pfd CV Ser A%    75621K205    287   14150   sh       sole             14150       0      0
SBC Communications Inc         com              78387G103   1482   35189   sh       sole             35189       0      0
Schering Plough Corp           com              806605101    674   18150   sh       sole             18150       0      0
Sovereign Bancorp Inc          com              845905108    226   29828   sh       sole             29828       0      0
Staten Is Bancorp Inc          com              857550107    599   34980   sh       sole             34980       0      0
Steris Corp                    com              859152100    231   22500   sh       sole             22500       0      0
Sun Microsystems Inc           com              866810104    342    3650   sh       sole              3650       0      0
TCBY Enterprises Inc           com              872245105    256   44500   sh       sole             44500       0      0
Tellabs Inc                    com              879664100    331    5250   sh       sole              5250       0      0
Texas Instrs Inc               com              882508104   1424    8900   sh       sole              8900       0      0
Texas Pac Ld Tr                Sub CTF PROP IT  882610108    282    7275   sh       sole              7275       0      0
3Com Corp                      com              885535104   2545   45750   sh       sole             45750       0      0
Time Warner Inc                com              887315109   2234   22340   sh       sole             22340       0      0
Unocal Corp                    com              915289102    225    7572   sh       sole              7572       0      0
Vodafone Airtouch PLC          Sponsored ADR    92857T107   1408   25345   sh       sole             25345       0      0
Winn Dixie Stores Inc          com              974280109    272   14000   sh       sole             14000       0      0
Xerox Corp                     com              984121103   1500   57700   sh       sole             57700       0      0
</TABLE>


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