UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.D. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended: June 30, 2000
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institution Manager Filing this Report:
Name: Montana Board of Investments
Address: P.O. Box 200126
Helena, MT 59620-0126
13F File Number: 28-2982
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: Gayle Moon
Title: Chief Accountant
Phone: 406-444-0099
Signature, Place, and Date of Signing:
Gayle Moon Helena, Montana August 24, 2000
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
None
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: 102
Form 13F Information Table Value Total: $2,934,408
List of Other Included Managers:
None
<PAGE>
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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVESTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000)PRN AMT PRN CALL DISCRETN MANAGERS SOLE SHARED NONE
AT + T CORP COM 001957109 27751 877500 SH SOLE 877500
ABBOTT LABS COM 002824100 50801 1140000 SH SOLE 1140000
AGILENT TECHNOLOGIES INC COM 00846U101 5115 68652 SH SOLE 68652
ALLTEL CORP COM 020039103 18581 300000 SH SOLE 300000
AMERICAN EXPRESS CO COM 025816109 41439 795000 SH SOLE 795000
AMERICAN GEN CORP COM 026351106 20142 330200 SH SOLE 330200
AMERICAN HOME PRODUCTS CORP COM 026609107 25263 430000 SH SOLE 430000
AMERICAN INTL GROUP INC COM 026874107 54344 462500 SH SOLE 462500
AMGEN INC COM 031162100 17352 247000 SH SOLE 247000
ASSOCIATES FIRST CAP CORP COM 046008108 10193 456842 SH SOLE 456842
AUTOMATIC DATA PROCESSING INC COM 053015103 18281 341300 SH SOLE 341300
BMC SOFTWARE INC COM 055921100 23350 640000 SH SOLE 640000
BANK AMER CORP COM 060505104 18943 440536 SH SOLE 440536
BANK ONE CORP COM 06423A103 16973 639000 SH SOLE 639000
BECTON DICKINSON + CO COM 075887109 17715 617500 SH SOLE 617500
BRISTOL MYERS SQUIBB CO COM 110122108 33727 579000 SH SOLE 579000
BURLINGTON RES INC COM 122014103 21110 551900 SH SOLE 551900
CVS CORP COM 126650100 49100 1227500 SH SOLE 1227500
CHASE MANHATTAN CORP NEW COM 16161A108 19346 420000 SH SOLE 420000
CHEVRON CORP COM 166751107 17811 210000 SH SOLE 210000
CISCO SYS INC COM 17275R102 73415 1155000 SH SOLE 1155000
CITIGROUP INC COM 172967101 70306 1166900 SH SOLE 1166900
COMPUTER SCIENCES CORP COM 205363104 24020 321600 SH SOLE 321600
CONAGRA INC COM 205887102 16489 865000 SH SOLE 865000
COSTCO WHSL CORP NEW COM 22160K105 31581 957000 SH SOLE 957000
DELL COMPUTER CORP COM 247025109 38217 775000 SH SOLE 775000
DISNEY WALT CO COM 254687106 19717 508000 SH SOLE 508000
DU PONT E I DE NEMOURS + CO COM 263534109 27125 620000 SH SOLE 620000
EDISON INTL COM 281020107 10865 530000 SH SOLE 530000
EMERSON ELEC CO COM 291011104 14490 240000 SH SOLE 240000
ENRON CORP COM 293561106 47472 736000 SH SOLE 736000
EXXON MOBIL CORP COM 30231G102 36499 464956 SH SOLE 464956
FIRST DATA CORP COM 319963104 24247 488600 SH SOLE 488600
FIRST UN CORP COM 337358105 15940 642400 SH SOLE 642400
FORD MTR CO DEL COM 345370100 21070 490000 SH SOLE 490000
GTE CORP COM 362320103 48642 781400 SH SOLE 781400
GENERAL ELEC CO COM 369604103 82680 1560000 SH SOLE 1560000
HALLIBURTON CO COM 406216101 19347 410000 SH SOLE 410000
HEWLETT PACKARD CO COM 428236103 22478 180000 SH SOLE 180000
ILLINOIS TOOL WKS INC COM 452308109 20520 360000 SH SOLE 360000
INTEL CORP COM 458140100 143046 1070000 SH SOLE 1070000
INTERNATIONAL BUSINESS MACHS COM 459200101 74503 680000 SH SOLE 680000
JOHNSON + JOHNSON COM 478160104 62246 611000 SH SOLE 611000
KIMBERLY CLARK CORP COM 494368103 24098 420000 SH SOLE 420000
LILLY ELI + CO COM 532457108 35955 360000 SH SOLE 360000
LUCENT TECHNOLOGIES INC COM 549463107 73470 1240000 SH SOLE 1240000
MARSH + MCLENNAN COS INC COM 571748102 25994 248900 SH SOLE 248900
MASCO CORP COM 574599106 17033 943000 SH SOLE 943000
MCDONALDS CORP COM 580135101 17819 541000 SH SOLE 541000
MERCK + CO INC COM 589331107 69652 909000 SH SOLE 909000
MICROSOFT CORP COM 594918104 87200 1090000 SH SOLE 1090000
NESTLE S A COM 641069406 16958 170000 SH SOLE 170000
NEWELL RUBBERMAID INC COM 651229106 19660 763500 SH SOLE 763500
NOKIA CORP COM 654902204 104359 2089800 SH SOLE 2089800
NORTEL NETWORKS CORP COM 656568102 49686 728000 SH SOLE 728000
NOVARTIS AG COM 66987V109 22000 549996 SH SOLE 549996
ORACLE CORP COM 68389X105 28833 343000 SH SOLE 343000
PNC FINL SVCS GROUP INC COM 693475105 24375 520000 SH SOLE 520000
RELIANT ENERGY INC COM 75952J108 5913 200000 SH SOLE 200000
ROYAL DUTCH PETE CO COM 780257804 26706 433800 SH SOLE 433800
SBC COMMUNICATIONS INC COM 78387G103 33631 777600 SH SOLE 777600
SAFEWAY INC COM 786514208 95891 2125000 SH SOLE 2125000
SCHERING PLOUGH CORP COM 806605101 45955 910000 SH SOLE 910000
SCHLUMBERGER LTD COM 806857108 13865 185800 SH SOLE 185800
SMITHKLINE BEECHAM P L C COM 832378301 18253 280000 SH SOLE 280000
SOLECTRON CORP COM 834182107 25238 602700 SH SOLE 602700
SUN MICROSYSTEMS INC COM 866810104 77752 855000 SH SOLE 855000
TXU CORP COM 873168108 9956 337500 SH SOLE 337500
TARGET CORP COM 87612E106 27550 475000 SH SOLE 475000
TELLABS INC COM 879664100 66863 977000 SH SOLE 977000
TEXACO INC COM 881694103 21566 405000 SH SOLE 405000
TEXAS INSTRS INC COM 882508104 22667 330000 SH SOLE 330000
TIME WARNER INC COM 887315109 28500 375000 SH SOLE 375000
TYCO INTL LTD NEW COM 902124106 75326 1590000 SH SOLE 1590000
USX MARATHON GROUP COM 902905827 16241 648000 SH SOLE 648000
US BANCORP DEL COM 902973106 19443 1010000 SH SOLE 1010000
UNION PAC CORP COM 907818108 11621 312500 SH SOLE 312500
UNITED TECHNOLOGIES CORP COM 913017109 14130 240000 SH SOLE 240000
VISTEON CORP COM 92839U107 0 0 SH SOLE 0
WELLS FARGO + CO NEW COM 949746101 38750 1000000 SH SOLE 1000000
WORLDCOM INC COM 98157D106 39306 856800 SH SOLE 856800
AMB PPTY CORP COM 00163T109 6844 300000 SH SOLE 300000
ARCHSTONE CMNTYS TR COM 039581103 2001 95000 SH SOLE 95000
ARDEN RLTY INC COM 039793104 6580 280000 SH SOLE 280000
BOSTON PPTYS INC COM 101121101 8498 220000 SH SOLE 220000
BOYKIN LODGING CO COM 103430104 4050 300000 SH SOLE 300000
CORNERSTONE RLTY INCOME TR INC COM 21922V102 6000 600000 SH SOLE 600000
CRESCENT REAL ESTATE EQUITIES COM 225756105 3075 150000 SH SOLE 150000
DUKE WEEKS RLTY CORP COM 264411505 7831 350000 SH SOLE 350000
EQUITY OFFICE PPTYS TR COM 294741103 4695 170357 SH SOLE 170357
EQUITY RESIDENTIAL PPTYS TR COM 29476L107 8050 175000 SH SOLE 175000
FELCOR LODGING TR INC COM 31430F101 4070 220000 SH SOLE 220000
FIRST INDL RLTY TR INC COM 32054K103 5900 200000 SH SOLE 200000
FRONTLINE CAP GROUP COM 35921N101 3879 182000 SH SOLE 182000
ISTAR FINL INC COM 45031U101 5297 253000 SH SOLE 253000
LIBERTY PROPERTY COM 531172104 8300 320000 SH SOLE 320000
MACK CA RLTY CORP COM 554489104 6679 260000 SH SOLE 260000
PRENTISS PPTYS TR COM 740706106 8160 340000 SH SOLE 340000
PUBLIC STORAGE INC COM 74460D109 2344 100000 SH SOLE 100000
RECKSON ASSOCS RLTY CORP COM 75621K106 9500 400000 SH SOLE 400000
SL GREEN RLTY CORP COM 78440X101 6688 250000 SH SOLE 250000
SPIEKER PPTYS INC COM 848497103 11500 250000 SH SOLE 250000
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