PRESQUE ISLE CAPITAL MANAGEMENT INC
13F-HR, 2000-11-03
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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:  September 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                November 3, 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: 80

Form 13F Information Table Value Total: $101,025,000


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   1198   40768   sh       sole             40768       0      0
Abbott Labs                    com              002824100   1146   24100   sh       sole             24100       0      0
Aetna Inc                      com              008117103    224    3850   sh       sole              3850       0      0
Agilent Technologies Inc       com              00846U101    218    4453   sh       sole              4453       0      0
America Online Inc Del         com              02364J104   2054   38214   sh       sole             38214       0      0
American Home Prods Corp       com              026609107   1021   18050   sh       sole             18050       0      0
Amgen Inc                      com              031162100    862   12350   sh       sole             12350       0      0
BP Amoco P L C                 Sponsored ADR    055622104    326    5812   sh       sole              5812       0      0
Becton Dickinson & Co          com              075887109    452   17100   sh       sole             17100       0      0
BellSouth Inc                  com              079860102   1574   39100   sh       sole             39100       0      0
Black & Decker Corp            com              091797100   1112   32525   sh       sole             32525       0      0
Boston Scientific Corp         com              101137107    250   15200   sh       sole             15200       0      0
Bristol Myers Squibb Co        com              110122108   3412   59733   sh       sole             59733       0      0
Cable & Wireless Pub Ltd Co    Sponsored ADR    126830207   1309   30750   sh       sole             30750       0      0
Callaway Golf Co               com              131193104    246   16000   sh       sole             16000       0      0
Cisco Sys Inc                  com              17275R102   4396   79562   sh       sole             79562       0      0
Citigroup Inc                  com              172967101   2983   55175   sh       sole             55175       0      0
Coca Cola Co                   com              191216100    322    5850   sh       sole              5850       0      0
Compaq Computer Corp           com              204493100    842   30521   sh       sole             30521       0      0
Corning Inc                    com              219350105    214     720   sh       sole               720       0      0
Dell Computer Corp             com              247025109    558   18125   sh       sole             18125       0      0
Diebold Inc                    com              253651103    328   12350   sh       sole             12350       0      0
Disney Walt Co                 com              254687106   1712   44770   sh       sole             44770       0      0
EMC Corp Mass                  com              268648102   2655   26782   sh       sole             26782       0      0
Earthlink Inc                  com              270321102    258   28230   sh       sole             28230       0      0
Eastman Kodak Co               com              277461109    375    9175   sh       sole              9175       0      0
Exxon Mobil Corp               com              30231G102   3110   34894   sh       sole             34894       0      0
Federal Natl Mtg Assn          com              313586109    736   10300   sh       sole             10300       0      0
Fidelity Bankshares Inc        com              316047109    451   22000   sh       sole             22000       0      0
First Niagara Finl Group Inc   com              33582U100    213   23000   sh       sole             23000       0      0
First Un Corp                  com              337358105    222    6900   sh       sole              6900       0      0
FleetBoston Finl Corp          com              339030108   1724   44200   sh       sole             44200       0      0
Global Crossing Ltd            com              G3921A100   1577   50866   sh       sole             50866       0      0
General Elec Co                com              369604103   4475   77569   sh       sole             77569       0      0
General Mtrs Corp              com              370442105    258    3976   sh       sole              3976       0      0
Hewlett Packard Co             com              428236103   2621   27025   sh       sole             27025       0      0
Hospitality PPTYS TR           com SH BEN INT   44106M102    262   11200   sh       sole             11200       0      0
Intel Corp                     com              458140100   5165  124278   sh       sole            124278       0      0
International Business Machs   com              459200101   2809   24971   sh       sole             24971       0      0
Jabil Circuit Inc              com              466313103   2098   36970   sh       sole             36970       0      0
Johnson & Johnson              com              478160104   2801   29821   sh       sole             29821       0      0
Lilly Eli & Co                 com              532457108   2324   28650   sh       sole             28650       0      0
Lowes Cos Inc                  com              548661107    469   10442   sh       sole             10442       0      0
Lucent Technologies Inc        com              549463107   1333   43620   sh       sole             43620       0      0
MCI Worldcom Inc               com              55268B106    906   29817   sh       sole             29817       0      0
Medtronic Inc                  com              585055106   1462   28226   sh       sole             28226       0      0
Merck & Co Inc                 com              589331107   3695   49634   sh       sole             49634       0      0
Microsoft Corp                 com              594918104   2845   47170   sh       sole             47170       0      0
Minnesota Mng & Mfg Co         com              604059105   1130   12400   sh       sole             12400       0      0
Mony Group Inc                 com              615337102    506   12700   sh       sole             12700       0      0
Motorola Inc                   com              620076109   2088   73925   sh       sole             73925       0      0
National City Corp             com              635405103    279   12624   sh       sole             12624       0      0
Nortel Networks Corp           com              656569100   2442   41006   sh       sole             41006       0      0
Officemax Inc                  com              67622M108    230   64500   sh       sole             64500       0      0
PNC Finl Svcs Group Inc        com              693475105    879   13517   sh       sole             13517       0      0
Pactiv Corp                    com              695257105    304   27150   sh       sole             27150       0      0
Palm Inc                       com              696642107   3157   59636   sh       sole             59636       0      0
Penney J C Inc                 com              708160106    215   18200   sh       sole             18200       0      0
Pepsico Inc                    com              713448108    757   16455   sh       sole             16455       0      0
Pfizer Inc                     com              717081103   2753   61273   sh       sole             61273       0      0
Photronics Inc                 com              719405102    370   16950   sh       sole             16950       0      0
Reckson Assoc Rlty Corp        Pfd CV Ser A%    75621K205    305   13050   sh       sole             13050       0      0
Rent Way Inc                   com              76009U104    472   15550   sh       sole             15550       0      0
SBC Communications Inc         com              78387G103   1901   38016   sh       sole             38016       0      0
Sara Lee Corp                  com              803111103    302   14850   sh       sole             14850       0      0
Schering Plough Corp           com              806605101    739   15900   sh       sole             15900       0      0
Solectron Corp                 com              834182107   1486   32225   sh       sole             32225       0      0
Sovereign Bancorp Inc          com              845905108    248   26823   sh       sole             26823       0      0
Staten Is Bancorp Inc          com              857550107    341   17030   sh       sole             17030       0      0
Steris Corp                    com              859152100    332   27700   sh       sole             27700       0      0
Sun Microsystems Inc           com              866810104    590    5050   sh       sole              5050       0      0
Tellabs Inc                    com              879664100    356    7452   sh       sole              7452       0      0
Texas Instrs Inc               com              882508104   2068   43825   sh       sole             43825       0      0
Texas Pac Ld Tr                Sub CTF PROP IT  882610108    284    7525   sh       sole              7525       0      0
3Com Corp                      com              885535104    609   31750   sh       sole             31750       0      0
Time Warner Inc                com              887315109   1742   22257   sh       sole             22257       0      0
Verizon Communications         com              92343V104    596   12313   sh       sole             12313       0      0
Vodafone Airtouch PLC          Sponsored ADR    92857T107   1089   29445   sh       sole             29445       0      0
Winn Dixie Stores Inc          com              974280109    259   18000   sh       sole             18000       0      0
Xerox Corp                     com              984121103    593   39400   sh       sole             39400       0      0
</TABLE>


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