PRESQUE ISLE CAPITAL MANAGEMENT INC
13F-HR, 2000-07-27
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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:  June 30, 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                July 27, 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: 74

Form 13F Information Table Value Total: $101,539,000


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   1174   37126   sh       sole             37126       0      0
Abbott Labs                    com              002824100    983   22050   sh       sole             22050       0      0
Aetna Inc                      com              008117103    600    9350   sh       sole              9350       0      0
Agilent Technologies Inc       com              00846U101    809   10967   sh       sole             10967       0      0
America Online Inc Del         com              02364J104   1821   34564   sh       sole             34564       0      0
American Home Prods Corp       com              026609107   1473   25070   sh       sole             25070       0      0
Amgen Inc                      com              031162100    882   12550   sh       sole             12550       0      0
BP Amoco P L C                 Sponsored ADR    055622104    384    6796   sh       sole              6796       0      0
Becton Dickinson & Co          com              075887109    384   13400   sh       sole             13400       0      0
BellSouth Inc                  com              079860102   1635   38350   sh       sole             38350       0      0
Black & Decker Corp            com              091797100   1349   34325   sh       sole             34325       0      0
Boston Scientific Corp         com              101137107    333   15200   sh       sole             15200       0      0
Bristol Myers Squibb Co        com              110122108   3161   54258   sh       sole             54258       0      0
Cable & Wireless Pub Ltd Co    Sponsored ADR    126830207   1607   32100   sh       sole             32100       0      0
Callaway Golf Co               com              131193104    261   16000   sh       sole             16000       0      0
Cisco Sys Inc                  com              17275R102   5105   80314   sh       sole             80314       0      0
Citigroup Inc                  com              172967101   2306   38274   sh       sole             38274       0      0
Compaq Computer Corp           com              204493100   1187   46421   sh       sole             46421       0      0
Corning Inc                    com              219350105    211     780   sh       sole               780       0      0
Dell Computer Corp             com              247025109    830   16825   sh       sole             16825       0      0
Diebold Inc                    com              253651103    325   11650   sh       sole             11650       0      0
Disney Walt Co                 com              254687106    833   21470   sh       sole             21470       0      0
EMC Corp Mass                  com              268648102   2340   30413   sh       sole             30413       0      0
Earthlink Inc                  com              270321102    457   29580   sh       sole             29580       0      0
Eastman Kodak Co               com              277461109    614   10325   sh       sole             10325       0      0
Exxon Mobil Corp               com              30231G102   2582   32897   sh       sole             32897       0      0
Federal Natl Mtg Assn          com              313586109    522   10000   sh       sole             10000       0      0
Fidelity Bankshares Inc        com              316047109    338   22000   sh       sole             22000       0      0
First Niagara Finl Group Inc   com              33582U100    216   23000   sh       sole             23000       0      0
FleetBoston Finl Corp          com              339030108   1370   40300   sh       sole             40300       0      0
GTE Corp                       com              362320103    361    5800   sh       sole              5800       0      0
General Elec Co                com              369604103   4295   81033   sh       sole             81033       0      0
Global Crossing Ltd            com              G3921A100   1273   48375   sh       sole             48375       0      0
Halliburton Co                 com              406216101    238    5050   sh       sole              5050       0      0
Hewlett Packard Co             com              428236103   3393   27175   sh       sole             27175       0      0
Hospitality PPTYS TR           com SH BEN INT   44106M102    253   11200   sh       sole             11200       0      0
Intel Corp                     com              458140100   8265   61820   sh       sole             61820       0      0
International Business Machs   com              459200101   2670   24371   sh       sole             24371       0      0
Jabil Circuit Inc              com              466313103   1698   34225   sh       sole             34225       0      0
Johnson & Johnson              com              478160104   3063   30071   sh       sole             30071       0      0
Lilly Eli & Co                 com              532457108   2911   29150   sh       sole             29150       0      0
Lucent Technologies Inc        com              549463107   2369   39980   sh       sole             39980       0      0
MCI Worlcom Inc                com              55268B106   1293   28183   sh       sole             28183       0      0
McDonalds Corp                 com              580135101    290    8800   sh       sole              8800       0      0
Medtronic Inc                  com              585055106   1379   27677   sh       sole             27677       0      0
Merck & Co Inc                 com              589331107   3654   47684   sh       sole             47684       0      0
Microsoft Corp                 com              594918104   3503   43792   sh       sole             43792       0      0
Minnesota Mng & Mfg Co         com              604059105    466    5650   sh       sole              5650       0      0
Mony Group Inc                 com              615337102    406   12000   sh       sole             12000       0      0
Motorola Inc                   com              620076109   1898   65300   sh       sole             65300       0      0
Nortel Networks Corp           com              656569100   2876   42136   sh       sole             42136       0      0
Officemax Inc                  com              67622M108    325   64900   sh       sole             64900       0      0
PNC Finl Svcs Group Inc        com              693475105    722   15404   sh       sole             15404       0      0
Pepsico Inc                    com              713448108    769   17295   sh       sole             17295       0      0
Pfizer Inc                     com              717081103   2941   61268   sh       sole             61268       0      0
Photronics Inc                 com              719405102    559   19700   sh       sole             19700       0      0
Reckson Assoc Rlty Corp        Pfd CV Ser A%    75621K205    314   14150   sh       sole             14150       0      0
Rent Way Inc                   com              76009U104    250    8550   sh       sole              8550       0      0
SBC Communications Inc         com              78387G103   1518   35089   sh       sole             35089       0      0
Schering Plough Corp           com              806605101    866   17150   sh       sole             17150       0      0
Solectron Corp                 com              834182107    427   10200   sh       sole             10200       0      0
Staten Is Bancorp Inc          com              857550107    489   27730   sh       sole             27730       0      0
Steris Corp                    com              859152100    201   22700   sh       sole             22700       0      0
Sun Microsystems Inc           com              866810104    459    5050   sh       sole              5050       0      0
Tellabs Inc                    com              879664100    498    7277   sh       sole              7277       0      0
Texas Instrs Inc               com              882508104   1259   18330   sh       sole             18330       0      0
Texas Pac Ld Tr                Sub CTF PROP IT  882610108    321    7325   sh       sole              7325       0      0
3Com Corp                      com              885535104   2498   43350   sh       sole             43350       0      0
Time Warner Inc                com              887315109   1665   21907   sh       sole             21907       0      0
Tucker Anthony Sutro           com              898647102    288   16000   sh       sole             16000       0      0
Tupperware Corp                com              899896104    220   10000   sh       sole             10000       0      0
Vodafone Airtouch PLC          Sponsored ADR    92857T107   1141   27545   sh       sole             27545       0      0
Winn Dixie Stores Inc          com              974280109    300   14000   sh       sole             14000       0      0
Xerox Corp                     com              984121103    863   41600   sh       sole             41600       0      0
</TABLE>


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