UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the quarter ended: March 31, 1999
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: Godsey and Gibb, Inc.
Address: 6802 Paragon Place, Suite 201
Richmond, VA 23230
13F File Number: 801-23685
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: Frank B. Gibb, III
Title: President
Phone: (804) 285-7333
Signature, Place, and Date of Signing:
Frank B. Gibb, III Richmond, Virginia May 20, 1999
Report Type (Check only one):
[x] 13F Holdings Report
[ ] 13F Notice
[ ] 13F Combination Report
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other included managers:0
Form 13F Information Table Entry Total:
Form 13F Information Table Value Total:
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<C> <C>
GODSEY & GIBB ASSOCIATES
FORM 13F March 31, 1999
Title
Investment Discretion Voting Authority
of
Security Class CUSIP Market Value Quantity Sole
Share Other Mgrs Sole Share None
COMMON STOCK
ABBOTT LABORATORIES 002824100 496915 10615
x 10615
ALBERTSONS INC 013104104 555262 10200
x 10200
ALLSTATE CORP 020002101 375999 10145
x 10145
AMER HERITAGE LIFE 026522102 208647 8950
x 8950
AMERICAN INTERNATIONAL GROUP 026874107 427133 3541
x 3541
AMGEN INC 031162100 806778 10775
x 10775
ASHLAND INC 044204105 204687 5000
x 5000
AUTOMATIC DATA PROCESSING 053015103 463400 11200
x 11200
BANK ONE CORP 06423A103 322226 5852
x 5852
BANKAMERICA CORP 06605F102 511184 7238
x 7238
BECTON DICKINSON 075887109 387914 10125
x 10125
CCA PRISON REALTY TRUST 12486R108 997076 57180
x 57180
COMPUTER SCIENCES CORP 205363104 477648 8655
x 8655
EMERSON ELECTRIC CO 291011104 467173 8825
x 8825
EXXON CORP 302290101 255789 3625
x 3625
FIRST UNION CORP 337358105 348680 6525
x 6525
GENERAL ELECTRIC 369604103 660984 5975
x 5975
GILLETTE CO 375766102 389316 6550
x 6550
HEWLETT-PACKARD CO 428236103 591664 8725
x 8725
HOME DEPOT 437076102 261450 4200
x 4200
HONEYWELL INC 438506107 426824 5630
x 5630
ILLINOIS TOOL WORKS 452308109 482625 7800
x 7800
JEFFERSON PILOT 475070108 521675 7700
x 7700
JOHNSON & JOHNSON 478160104 467500 5000
x 5000
MCDONALD'S CORP 580135101 487109 10750
x 10750
MERCK & CO 589331107 700693 8745
x 8745
MOBIL CORP 607059102 435600 4950
x 4950
ROYAL DUTCH PETE 780257804 252460 4855
x 4855
SBC COMMUNICATIONS 78387G103 583945 12375
x 12375
SYSCO CORP 871829107 437445 16625
x 16625
WAL-MART STORES 931142103 691406 7500
x 7500
GRAND TOTAL 14697209
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