UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the quarter ended: June 30, 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 August 12, 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.
<TABLE>
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
- ------------------------------ ---------------- --------- -------- -------- ---
- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C>
<C> <C> <C> <C> <C> <C>
ABBOTT LABORATORIES COM 002824100 9905 218284 SH
SOLE 52629 165655
470 10365 SH
OTHER 01 10365
ALBERTSONS INC COM 013104104 5919 114802 SH
SOLE 32252 82550
526 10200 SH
OTHER 01 10200
ALLSTATE CORP COM 020002101 4619 128744 SH
SOLE 34500 94244
359 9995 SH
OTHER 01 9995
AMER HERITAGE LIFE COM 026522102 219 8950 SH
OTHER 01 8950
AMERICAN HOME PRODUCTS COM 026609107 1886 32878 SH
SOLE 32878
13 230 SH
OTHER 01 230
AMERICAN INT'L GROUP COM 026874107 10997 93792 SH
SOLE 24820 68972
405 3456 SH
OTHER 01 3456
AMGEN INC COM 031162100 780 12805 SH
SOLE 2830 9975
641 10525 SH
OTHER 01 10525
ASHLAND INC COM 044204105 8 202 SH
SOLE 202
201 5000 SH
OTHER 5000
AT&T CORP COM 001957109 133 2384 SH
SOLE 2384
126 2250 SH
OTHER 2250
AUTOMATIC DATA PROCESSING COM 053015103 10054 228505 SH
SOLE 57050 171455
496 11275 SH
OTHER 01 11275
AVERY DENNISON CORP COM 053611109 414 6854 SH
SOLE 2354 4500
8 140 SH
OTHER 01 140
BANK OF AMERICA CORP COM 060505104 1983 27050 SH
SOLE 14625 12425
527 7188 SH
OTHER 01 7188
BANK ONE CORP COM 06423A103 5352 89858 SH
SOLE 10612 79246
343 5752 SH
OTHER 01 5752
BB&T CORP COM 054937107 450 12270 SH
SOLE 12270
BECTON DICKINSON COM 075887109 2929 97625 SH
SOLE 28450 69175
298 9925 SH
OTHER 01 9925
BELL ATLANTIC COM 077853109 2609 39907 SH
SOLE 12000 27907
199 3050 SH
OTHER 01 3050
BELLSOUTH COM 079860102 827 17940 SH
SOLE 17940
161 3480 SH
OTHER 3480
BP AMOCO PLC COM 055622104 3929 36215 SH
SOLE 3862 32353
4 39 SH
OTHER 01 39
BRISTOL MYERS SQUIBB COM 110122108 629 8930 SH
SOLE 8930
CAROLINA FIRST CORP COM 143877108 208 8533 SH
SOLE 8533
CAROLINA POWER & LIGHT COM 144141108 3657 85426 SH
SOLE 28932 56494
65 1525 SH
OTHER 01 1525
CHEVRON CORP COM 166751107 991 10425 SH
SOLE 4250 6175
10 100 SH
OTHER 100
CISCO SYSTEMS INC COM 17275R102 381 5909 SH
SOLE 380 5529
COCA COLA CO COM 191216100 1273 20526 SH
SOLE 1250 19276
9 150 SH
OTHER 150
COMPUTER SCIENCES CORP COM 205363104 8707 125850 SH
SOLE 32550 93300
618 8930 SH
OTHER 01 8930
CONSTELLATION ENERGY GRP COM 210371100 3454 116575 SH
SOLE 37675 78900
40 1350 SH
OTHER 01 1350
CT COMMUNICATIONS INC COM 126426402 310 7544 SH
SOLE 7544
DISNEY WALT COM 254687106 263 8535 SH
SOLE 8535
51 1650 SH
OTHER 01 1650
DOMINION RESOURCES COM 257470104 404 9317 SH
SOLE 600 8717
DUKE ENERGY CORP COM 264399106 552 10141 SH
SOLE 10141
8 150 SH
OTHER 01 150
EMERSON ELECTRIC CO COM 291011104 8630 137118 SH
SOLE 32128 104990
549 8725 SH
OTHER 01 8725
EXXON CORP COM 302290101 7476 96932 SH
SOLE 26015 70917
272 3525 SH
OTHER 01 3525
FIRST UNION CORP COM 337358105 2695 57196 SH
SOLE 23056 34140
298 6325 SH
OTHER 01 6325
GENERAL ELECTRIC COM 369604103 8469 74951 SH
SOLE 18220 56731
664 5875 SH
OTHER 01 5875
GILLETTE CO COM 375766102 2970 72445 SH
SOLE 18425 54020
279 6800 SH
OTHER 01 6800
HEWLETT-PACKARD CO COM 428236103 11329 112725 SH
SOLE 30200 82525
852 8475 SH
OTHER 01 8475
HOME DEPOT COM 437076102 7161 111134 SH
SOLE 32675 78459
285 4425 SH
OTHER 01 4425
HONEYWELL INC COM 438506107 8884 76671 SH
SOLE 22276 54395
641 5530 SH
OTHER 01 5530
ILLINOIS TOOL WORKS COM 452308109 7662 93725 SH
SOLE 23100 70625
623 7625 SH
OTHER 01 7625
INTEL CORP COM 458140100 695 11675 SH
SOLE 11675
54 900 SH
OTHER 900
JEFFERSON PILOT COM 475070108 8489 128258 SH
SOLE 33075 95183
525 7925 SH
OTHER 01 7925
JOHNSON & JOHNSON COM 478160104 6202 63281 SH
SOLE 17276 46005
480 4900 SH
OTHER 01 4900
LUCENT TECHNOLOGIES COM 549463107 264 3912 SH
SOLE 3912
MASCO CORP COM 574599106 312 10800 SH
SOLE 10800
MCDONALD'S CORP COM 580135101 7962 193607 SH
SOLE 45676 147931
442 10750 SH
OTHER 01 10750
MERCK & CO COM 589331107 8714 118350 SH
SOLE 30705 87645
636 8645 SH
OTHER 01 8645
MICROSOFT CORP COM 594918104 582 6458 SH
SOLE 6458
18 200 SH
OTHER 200
MOBIL CORP COM 607059102 8278 83824 SH
SOLE 22138 61686
474 4800 SH
OTHER 01 4800
PEPSICO INC COM 713448108 4788 123771 SH
SOLE 37728 86043
83 2150 SH
OTHER 01 2150
PROCTOR & GAMBLE CO COM 742718109 375 4204 SH
SOLE 4204
27 300 SH
OTHER 01 300
ROYAL DUTCH PETE COM 780257804 361 6000 SH
SOLE 6000
288 4780 SH
OTHER 01 4780
SARA LEE CORP COM 803111103 5034 221880 SH
SOLE 55155 166725
62 2750 SH
OTHER 01 2750
SBC COMMUNICATIONS COM 78387G103 11339 195497 SH
SOLE 49680 145817
716 12350 SH
OTHER 01 12350
SCANA CORP COM 805898103 1453 62168 SH
SOLE 27400 34768
27 1175 SH
OTHER 01 1175
SCHERING PLOUGH CORP COM 806605101 454 8650 SH
SOLE 400 8250
10 200 SH
OTHER 200
SOUTHTRUST CORPORATION COM 844730101 516 13450 SH
SOLE 4300 9150
STAPLES INC COM 855030102 1417 45800 SH
SOLE 14250 31550
182 5875 SH
OTHER 01 5875
SUNTRUST BANKS COM 867914103 258 3722 SH
SOLE 492 3230
SYSCO CORP COM 871829107 9556 320523 SH
SOLE 85056 235467
491 16475 SH
OTHER 01 16475
TECO ENERGY INC COM 872375100 668 29350 SH
SOLE 19850 9500
UNITED DOMINION REALTY TR COM 910197102 1150 97900 SH
SOLE 59400 38500
UNITED RENTALS INC COM 911363109 461 15624 SH
SOLE 15624
WACHOVIA CORP COM 929771103 6719 78528 SH
SOLE 20378 58150
9 100 SH
OTHER 01 100
WAL-MART STORES COM 931142103 19008 393938 SH
SOLE 56375 337563
712 14750 SH
OTHER 01 14750
WALGREEN CO COM 931422109 6315 214983 SH
SOLE 36703 178280
70 2375 SH
OTHER 01 2375
CHESAPEAKE FUND CL A 36559B203 608 32122.5200SH
SOLE 15561.4810 16561.0390
NORTHSTAR HIGH TOTAL RETURN CL 666904602 46 12082.0000SH
SOLE 12082.0000
WACHOVIA CORP 929771AB9 10 10000 PRN
SOLE 10000
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