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Previous: SALEM INVESTMENT COUNSELORS INC, 13F-E, 1997-11-14 |
Next: WATSON PHARMACEUTICALS INC, 10-Q, 1997-11-14 |
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<PAGE> PAGE 1
SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 9/30/97 AMENDMENT 00
Institutional Investment Manager:
SALEM INVESTMENT COUNSELORS INC.
480 SHEPHARD STREET SUITE 200
WINSTON SALEM NC 27103
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 13F
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS
PURSUANT TO SECTION 13(f) OF THE SECURITIES EXCHANGE ACT OF 1934
AND RULES THEREUNDER
Report for the Calendar Year or Quarter Ended September 30,1997
Salem Investment Counselors, Inc.
Name of Institutional Investment Manager
480 Shepherd Street. Suite 200, Winston-Salem, NC 27103
Business Address
Dale M. Brown, Vice President (910)768-7230
Name, Phone No., and Title of Person Duly Authorized to Submit This Report.
The institutional investment manager submitting this Form and its attachments
and the person by whom it is signed represent hereby that all information
contained therein is true, correct and complete. It is understood that all
required items, statements and schedules are considered integral parts of this
Form and that the submission of any amendment represents that all unamended
items, statements and schedules remain true, correct and complete as previously
submitted.
Pursuant to the requirements of Securities Exchange Act of 1934, the
undersigned institutional investment manager has caused this report to be signed
on its behalf in the City of Winston-Salem and State of North Carolina on the
11th day of November, 1997.
Salem Investment Counselors. Inc.
By: /s/ Dale M. Brown
Dale M. Brown
Vice President
1
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<PAGE> PAGE 2
FORM 13F
(SEC USE ONLY)
Name, Title and Telephone Number of Person Submitting Report:
DALE M. BROWN VICE PRESIDENT 910-768-7230
Signature, Place and Date of Signing:
/s/ DALE M. BROWN WINSTON SALEM NC 11/11/97
<PAGE> PAGE 3
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
Acadiana Bancshares, Inc. COM 004280103 1046 47000 SH SOLE 47000
Acorn International Fund COM 004851200 772 37000 SH SOLE 37000
Affiliated Community COM 008188104 2800 100000 SH SOLE 100000
Aldila, Inc. COM 014384101 63 11000 SH SOLE 11000
Allmerica Financial Corp COM 019754100 483 11000 SH SOLE 11000
American Home Products COM 026609107 365 5000 SH SOLE 5000
American Stores Co COM 030096101 6873 282000 SH SOLE 282000
Ameritech COM 030954101 1064 16000 SH SOLE 16000
Amoco Corporation COM 031905102 482 5000 SH SOLE 5000
Analysts Int'l Corp COM 032681108 388 10000 SH SOLE 10000
Archer Daniels Midland COM 039483102 215 9000 SH SOLE 9000
Asia Tigers Fund, Inc. COM 04516T105 1175 119000 SH SOLE 119000
BB&T Corporation COM 054937107 1443 27000 SH SOLE 27000
Bank of Granite, NC COM 062401104 131 4000 SH SOLE 4000
Bank Plus Corp COM 064446107 232 18000 SH SOLE 18000
Barnett Banks Inc. COM 068055102 566 8000 SH SOLE 8000
Boddie-Noell Rest Ppty COM 096903109 1716 104000 SH SOLE 104000
Broadway Financial Corp COM 111444105 223 20000 SH SOLE 20000
CCB Financial Corp COM 124875105 2822 35000 SH SOLE 35000
CVS Corp COM 126650100 455 8000 SH SOLE 8000
Callon Petroleum Co Del COM 13123X102 264 14000 SH SOLE 14000
Cardiovascular Diagnostic COM 14060E106 1683 187000 SH SOLE 187000
Carolina Fincorp, Inc. COM 143874105 963 55000 SH SOLE 55000
Cenit Bancorp COM 15131W109 309 5000 SH SOLE 5000
Century Bancorp COM 156433104 2403 31000 SH SOLE 31000
Chevron Corporation COM 166751107 415 5000 SH SOLE 5000
Coastal Bancorp COM 19041P105 448 14000 SH SOLE 14000
Coca-Cola Corporation COM 191216100 5185 85000 SH SOLE 85000
Colonial Downs Hldgs Cl A COM 195644100 172 25000 SH SOLE 25000
Community Bancshares COM 203433107 1247 86000 SH SOLE 86000
Community First Banking COM 203913108 378 10000 SH SOLE 10000
Compaq Computer COM 204493100 299 4000 SH SOLE 4000
Computer Network Tech COM 204925101 55 10000 SH SOLE 10000
Consolidated Products COM 209798107 214 11000 SH SOLE 11000
Cooperative Bancshares COM 216844100 3264 192000 SH SOLE 192000
Cypress Semiconductor COM 232806109 217 14000 SH SOLE 14000
Dallas Semiconductor COM 235204104 358 8000 SH SOLE 8000
Disney, Walt Company COM 254687106 398 5000 SH SOLE 5000
Duke Energy Company COM 264399106 544 11000 SH SOLE 11000
Einstein/Noah Bagel COM 282577105 110 10000 SH SOLE 10000
Exxon Corporation COM 302290101 1153 18000 SH SOLE 18000
First American Corp, TN COM 318900107 2835 58000 SH SOLE 58000
First Regional Bancorp COM 33615C101 190 20000 SH SOLE 20000
First Republic Bancorp COM 33615F104 428 16000 SH SOLE 16000
First Union Corporation COM 337358105 3605 72000 SH SOLE 72000
First Fed Financial Corp COM 337907109 5119 150000 SH SOLE 150000
FirstSpartan Fin'l Corp COM 337931109 2403 62000 SH SOLE 62000
General Electric COM 369604108 2314 34000 SH SOLE 34000
Georgia Pwr Tr II 7.60% Pf PREFERRED 373332204 202 8000 SH SOLE 8000
Guidant Corporation COM 401698105 8680 155000 SH SOLE 155000
<PAGE> PAGE 4
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
HF Bancorp, Inc. COM 403910102 462 28000 SH SOLE 28000
Harrington Financial Group COM 413801101 1547 119000 SH SOLE 119000
Harris Financial Inc. COM 414570101 992 21000 SH SOLE 21000
Hewlett Packard, Inc. COM 428236103 3339 48000 SH SOLE 48000
Household International COM 441815107 566 5000 SH SOLE 5000
Hubbell Inc. Cl B COM 443510201 6984 151000 SH SOLE 151000
IRT Property, Inc. COM 450058102 548 43000 SH SOLE 43000
ISB Financial Corp COM 450091103 2035 74000 SH SOLE 74000
Indiana United Bancorp COM 455149104 1120 28000 SH SOLE 28000
Individual Inc. COM 455912105 318 6000 SH SOLE 6000
Jefferson Pilot Corp COM 475070108 553 7000 SH SOLE 7000
Johnson & Johnson COM 478160104 462 8000 SH SOLE 8000
KS Bancorp COM 48266R108 1388 74000 SH SOLE 74000
Latin American Dis. Fund COM 51828C106 6769 346000 SH SOLE 346000
Leeds Federal Svgs Bank COM 52442P105 303 10000 SH SOLE 10000
Leggett & Platt COM 524660107 3877 87000 SH SOLE 87000
Long Beach Financial Corp COM 542446109 814 60000 SH SOLE 60000
Lowes Company Inc. COM 548661107 739 19000 SH SOLE 19000
MLC Holdings Inc. COM 55305V107 270 20000 SH SOLE 20000
McDonalds Corporation COM 580135101 572 12000 SH SOLE 12000
Mellon Bank Corporation COM 585509102 3395 62000 SH SOLE 62000
Merck & Co. COM 589331107 8395 84000 SH SOLE 84000
Meritrust Federal Svgs Bk COM 59000X113 549 12000 SH SOLE 12000
Methode Electronics ClA COM 591520200 644 25000 SH SOLE 25000
Metromail Corp COM 591680103 5915 293000 SH SOLE 293000
Minnesota Mining & Mfg. COM 594918104 6286 68000 SH SOLE 68000
Microsoft COM 604059105 13364 101000 SH SOLE 101000
Mobil Corporation COM 607059102 222 3000 SH SOLE 3000
NationsBank Corporation COM 638585109 433 7000 SH SOLE 7000
Nestor, Inc. COM 641074109 19 10000 SH SOLE 10000
Newell Co COM 651192106 400 10000 SH SOLE 10000
Norrell Corp COM 656301108 447 13000 SH SOLE 13000
Ocean Financial Corp COM 674904107 533 15000 SH SOLE 15000
Palfed, Inc. COM 696370105 542 22000 SH SOLE 22000
Pepsico, Inc. COM 713448108 11317 279000 SH SOLE 279000
Philip Morris Holding Co. COM 718154107 1787 43000 SH SOLE 43000
Pitney Bowes COM 724479100 300 3000 SH SOLE 3000
Plasti-Line, Inc. COM 727540106 2537 199000 SH SOLE 199000
Pluma Corp COM 729272104 407 39000 SH SOLE 39000
Proctor & Gamble COM 742718109 1055 15000 SH SOLE 15000
Royal Dutch Pete Co NY COM 780257804 278 5000 SH SOLE 5000
SGV Bancorp Inc. COM 78422T102 1341 75000 SH SOLE 75000
Sara Lee Corporation COM 803111103 1854 36000 SH SOLE 36000
Security Bancorp Inc TN COM 813771102 403 26000 SH SOLE 26000
ServiceMaster LP COM 817615107 6084 213000 SH SOLE 213000
Service Merchandise COM 817587108 2784 675000 SH SOLE 675000
Sisterville Bancorp Inc COM 829793108 464 32000 SH SOLE 32000
Sonoco Products COM 835495102 5736 169000 SH SOLE 169000
South Street Financial Corp COM 840468102 765 36000 SH SOLE 36000
Southern Financial Bancorp COM 842870107 1512 72000 SH SOLE 72000
<PAGE> PAGE 5
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
Spaghetti Warehouse COM 846329100 2040 294000 SH SOLE 294000
Stone Street Bancorp, Inc. COM 861747103 1211 57000 SH SOLE 57000
SunTrust Banks, Inc. COM 867914103 815 12000 SH SOLE 12000
Sysco COM 871829107 4063 110000 SH SOLE 110000
TCF Financial Corp COM 872275102 292 5000 SH SOLE 5000
360 Communications COM 88557H097 418 20000 SH SOLE 20000
Three Rivers Financial Corp COM 88562H107 1047 63000 SH SOLE 63000
TriContinental Corp COM 895436103 235 8000 SH SOLE 8000
Triad Guaranty Inc. COM 895925105 16986 304000 SH SOLE 304000
Tribune Co COM 896047107 6664 125000 SH SOLE 125000
Trigon Healthcare Inc. COM 89618L100 1911 77000 SH SOLE 77000
UMB Financial Corp COM 902788108 4896 96000 SH SOLE 96000
Unifirst Corporation COM 904708104 7857 324000 SH SOLE 324000
Union Corp COM 906072103 216 9000 SH SOLE 9000
US Bancorp Del COM 911596104 1158 12000 SH SOLE 12000
US West Inc. Media Group COM 912889201 4507 202000 SH SOLE 202000
VF Corporation COM 918204108 4512 48000 SH SOLE 48000
Wachovia Corporation COM 929771103 1728 24000 SH SOLE 24000
Wallace Computer COM 932270101 3540 96000 SH SOLE 96000
Worthington Inc. COM 981811102 709 35000 SH SOLE 35000
REPORT SUMMARY 120 DATA RECORDS 247400 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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