UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 13F
FORM 13F Cover Page
Report for the Calendar Year or 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: Professional Advisory Services, Inc.
Address: 2770 Indian River Blvd. - Suite 204
Vero Beach, FL 32960
13F File Number: 28-3358
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing this 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 the report on bahalf of Reporting Manager:
Name: Kenneth M. Ligon
Title: Secretary/Treasurer
Phone: 561-778-0552
Signature, Place and Date of Signing:
Kenneth M. Ligon Vero Beach, FL August 13, 1999
Report type (check one only):
[ x ] 13F Holdings Report
[ ] 13F Notice Filing
[ ] 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.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 39
Form 13F Information Table Value Total: $226,210
List of Other Managers Included: NONE
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ITEM 1: ITEM 2ITEM 3: ITEM 4: ITEM: 5 ITEM 6(aITEM 8(a)
NAME OF ISSUER COM CUSIP MKT VAL SHRS PR SOLE SOLE
D ABBOTT LABS COM 002824100 6295 138730 138730 138730
D AES CORP COM 00130H105 3931 67625 67625 67625
D AMERICAN EXPRESS CO COM 025816109 7455 57290 57290 57290
D AMERICAN INTERNATIONAL GP COM 026874107 6797 57973 57973 57973
D AUTOMATIC DATA PROCESSING COM 053015103 7169 162940 162940 162940
D BANCO DE SANTANDER COM 059574202 7036 666072 666072 666072
D BRISTOL MYERS SQUIBB CO COM 110122108 799 11342 11342 11342
D CISCO SYSTEMS COM 17275R102 12187 189125 189125 189125
D CITIGROUP, INC. COM 172967101 10115 212945 212945 212945
D COCA COLA COM 191216100 4991 80505 80505 80505
D COMAIR COM 199789108 8472 407065 407065 407065
D COMPAQ COMPUTER COM 204493100 4702 198507 198507 198507
D COMPUTER ASSOCIATES COM 204912109 4636 84669 84669 84669
D DISNEY, WALT COM 254687106 7801 253185 253185 253185
D DONALDSON COMPANY COM 257651109 5087 207625 207625 207625
D DUKE POWER COM 264399106 2086 38325 38325 38325
D DUPONT DE NEMOURS, I.E. COM 263534109 4638 67900 67900 67900
D ERICSSON LM TEL - ADR COM 294821400 6504 197460 197460 197460
D EXXON COM 302290101 7956 103160 103160 103160
D GANNETT CO. COM 364730101 5767 80800 80800 80800
D GENERAL ELECTRIC COM 369604103 10297 91120 91120 91120
D GILLETTE COM 375766102 5017 122360 122360 122360
D INTEL COM 458140100 8969 150735 150735 150735
D JOHNSON & JOHNSON COM 478160104 5071 51745 51745 51745
D LUCENT TECHNOLOGIES COM 549463107 11562 171452 171452 171452
D MEDTRONIC INC COM 585055106 1108 14222 14222 14222
D MERCK & CO. COM 589331107 7570 102818 102818 102818
D MICROSOFT COM 594918104 11330 125628 125628 125628
D NORFOLK SOUTHERN CORP COM 655844108 2762 91700 91700 91700
D ORACLE CORP COM 68389X105 5914 159300 159300 159300
D PEPSICO COM 713448108 4903 126730 126730 126730
D PFIZER INC COM 717081103 3473 31865 31865 31865
D PROCTOR & GAMBLE COM 742718109 4822 54025 54025 54025
D ROYAL DUTCH PETROL. COM 780257804 906 15040 15040 15040
D SCHERING PLOUGH CORP COM 806605101 725 13800 13800 13800
D STATE STREET CORP COM 857477103 8085 94700 94700 94700
D UNUM COM 903192102 1990 36350 36350 36350
D VIACOM CL B COM 925524308 6694 152130 152130 152130
D WAL-MART COM 931142103 588 12180 12180 12180
S REPORT SUMMARY 39RECORDS 226210 0 OTHER MGRS
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