UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 13F
FORM 13F Cover Page
Report for the Calendar Year or Quarter Ended: September 30, 2000
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 behalf 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 October 6, 2000
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: 40
Form 13F Information Table Value Total: $303,605
List of Other Managers Included: NONE
<TABLE> <C> <C>
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6(a):ITEM 8(a):
NAME OF ISSUER COM CUSIP MKT VAL SHARES PR SOLE SOLE
D ABBOTT LABS COM 002824100 602 12650 12650 12650
D AES CORP COM 00130H105 6059 88450 88450 88450
D AMERICAN EXPRESS CO COM 025816109 10851 178620 178620 178620
D AMERICAN INTERNATIONAL GP COM 026874107 12252 128037 128037 128037
D AUTOMATIC DATA PROCESSING COM 053015103 11561 172880 172880 172880
D BANCO SANTANDER CENT HISP COM 05964H105 8662 791945 791945 791945
D BRISTOL MYERS SQUIBB CO. COM 110122108 659 11542 11542 11542
D CISCO SYSTEMS COM 17275R102 16865 305253 305253 305253
D CITIGROUP, INC. COM 172967101 14831 274322 274322 274322
D COCA COLA COM 191216100 7981 144775 144775 144775
D COMPAQ COMPUTER COM 204493100 570 20670 20670 20670
D DISNEY, WALT COM 254687106 11202 292865 292865 292865
D DONALDSON COMPANY COM 257651109 3896 177100 177100 177100
D DUKE POWER COM 264399106 2651 30910 30910 30910
D DUPONT DE NEMOURS, I.E. COM 263534109 8295 200185 200185 200185
D ERICSSON LM TEL - ADR COM 294821400 9140 617030 617030 617030
D EXXON MOBIL CORP COM 30231G102 12211 137006 137006 137006
D GANNETT CO. COM 364730101 7926 149555 149555 149555
D GENERAL ELECTRIC COM 369604103 15774 273440 273440 273440
D GILLETTE COM 375766102 2183 70700 70700 70700
D GOLDMAN SACHS COM 38141G104 6502 57065 57065 57065
D ILLINOIS TOOL WORKS COM 452308109 1365 24425 24425 24425
D INTEL COM 458140100 11516 277080 277080 277080
D JOHNSON & JOHNSON COM 478160104 10186 108432 108432 108432
D LUCENT TECHNOLOGIES COM 549463107 9382 306962 306962 306962
D MEDTRONIC INC COM 585055106 1514 29222 29222 29222
D MERCK & CO. COM 589331107 11286 151619 151619 151619
D MICROSOFT COM 594918104 11483 190394 190394 190394
D NORFOLK SOUTHERN CORP COM 655844108 5941 406231 406231 406231
D ORACLE CORP COM 68389X105 10537 133807 133807 133807
D PEPSICO COM 713448108 8062 175257 175257 175257
D PFIZER INC COM 717081103 10477 233134 233134 233134
D PROCTOR & GAMBLE COM 742718109 9332 139284 139284 139284
D ROYAL DUTCH PETROL. COM 780257804 953 15900 15900 15900
D SCHERING PLOUGH CORP COM 806605101 619 13320 13320 13320
D STATE STREET CORP COM 857477103 12654 97335 97335 97335
D TEXAS INSTRUMENTS COM 882508104 6827 144685 144685 144685
D UNISOURCE ENERGY CORP COM 909205106 489 31300 31300 31300
D VIACOM CL B COM 925524308 9692 165673 165673 165673
D WAL-MART COM 931142103 617 12829 12829 12829
S REPORT SUMMARY 40RECORDS 303605 0OTHER MGRS
</TABLE>
