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, 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 July 12, 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: 41
Form 13F Information Table Value Total: $298,475
List of Other Managers Included: NONE
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ITEM 1: ITME 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 629 14105 14105 14105
D AES CORP COM 00130H105 4140 90750 90750 90750
D AMERICAN EXPRESS CO COM 025816109 9195 176411 176411 176411
D AMERICAN INTERNATIONAL GP COM 026874107 10831 92175 92175 92175
D AUTOMATIC DATA PROCESSING COM 053015103 9527 177870 177870 177870
D BANCO SANTANDER CENT HISP COM 05964H105 7904 761801 761801 761801
D BRISTOL MYERS SQUIBB CO. COM 110122108 658 11292 11292 11292
D CISCO SYSTEMS COM 17275R102 19649 309127 309127 309127
D CITIGROUP, INC. COM 172967101 13013 215983 215983 215983
D COCA COLA COM 191216100 8123 141430 141430 141430
D COMPAQ COMPUTER COM 204493100 1428 55845 55845 55845
D DISNEY, WALT COM 254687106 10834 279121 279121 279121
D DONALDSON COMPANY COM 257651109 4703 238150 238150 238150
D DUKE POWER COM 264399106 1714 30410 30410 30410
D DUPONT DE NEMOURS, I.E. COM 263534109 7620 174167 174167 174167
D ERICSSON LM TEL - ADR COM 294821400 11019 550930 550930 550930
D EXXON MOBIL CORP COM 30231G102 10493 133669 133669 133669
D GANNETT CO. COM 364730101 7839 131055 131055 131055
D GENERAL ELECTRIC COM 369604103 14424 272149 272149 272149
D GILLETTE COM 375766102 3038 86950 86950 86950
D GOLDMAN SACHS COM 38141G104 6563 69180 69180 69180
D HARBOR FLORIDA BANCSHARES COM 411901101 231 22100 22100 22100
D ILLINOIS TOOL WORKS COM 452308109 1677 29425 29425 29425
D INTEL COM 458140100 17247 129010 129010 129010
D JOHNSON & JOHNSON COM 478160104 10037 98520 98520 98520
D LUCENT TECHNOLOGIES COM 549463107 12748 215160 215160 215160
D MEDTRONIC INC COM 585055106 1437 28844 28844 28844
D MERCK & CO. COM 589331107 11077 144559 144559 144559
D MICROSOFT COM 594918104 14327 179090 179090 179090
D NORFOLK SOUTHERN CORP COM 655844108 6608 419581 419581 419581
D ORACLE CORP COM 68389X105 10541 130340 130340 130340
D PEPSICO COM 713448108 7149 160872 160872 160872
D PFIZER INC COM 717081103 10000 208330 208330 208330
D PROCTOR & GAMBLE COM 742718109 6637 115925 115925 115925
D ROYAL DUTCH PETROL. COM 780257804 931 15120 15120 15120
D SCHERING PLOUGH CORP COM 806605101 673 13320 13320 13320
D STATE STREET CORP COM 857477103 11089 104555 104555 104555
D UNISOURCE ENERGY CORP COM 909205106 481 31300 31300 31300
D UNUMPROVIDENT CORP COM 91529Y106 1056 52650 52650 52650
D VIACOM CL B COM 925524308 10488 155229 155229 155229
D WAL-MART COM 931142103 697 12879 12879 12879
S REPORT SUMMARY 41RECORDS 298475 0 OTHER MANAGERS
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