UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 13F
FORM 13F Cover Page
Report for the Calendar Year or Quarter Ended: December 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: 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 January 4, 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: 43
Form 13F Information Table Value Total: $269,097
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 C39694 002824100 1380 37995 37995 37995
D AES CORP C39694 00130H105 2992 40025 40025 40025
D ALLAMERICAN SEMICONDC39694 016557407 202 68000 68000 68000
D AMERICAN EXPRESS CO C39694 025816109 9103 54755 54755 54755
D AMERICAN INTERNATIONC39694 026874107 9062 83807 83807 83807
D AUTOMATIC DATA PROCEC39694 053015103 9199 170745 170745 170745
D BANCO SANTANDER CENTC39694 05964H105 7777 665370 665370 665370
D BRISTOL MYERS SQUIBBC39694 110122108 725 11292 11292 11292
D CISCO SYSTEMS C39694 17275R102 18829 175763 175763 175763
D CITIGROUP, INC. C39694 172967101 11854 212873 212873 212873
D COCA COLA C39694 191216100 6737 115650 115650 115650
D COMPAQ COMPUTER C39694 204493100 2508 92667 92667 92667
D COMPUTER ASSOCIATES C39694 204912109 1054 15067 15067 15067
D DISNEY, WALT C39694 254687106 9164 313296 313296 313296
D DONALDSON COMPANY C39694 257651109 5478 227650 227650 227650
D DUKE POWER C39694 264399106 3713 74075 74075 74075
D DUPONT DE NEMOURS, IC39694 263534109 6728 102140 102140 102140
D ERICSSON LM TEL - ADC39694 294821400 9986 152020 152020 152020
D EXXON MOBIL CORP C39694 30231G102 9474 117594 117594 117594
D GANNETT CO. C39694 364730101 7554 92615 92615 92615
D GENERAL ELECTRIC C39694 369604103 13454 86940 86940 86940
D GILLETTE C39694 375766102 5222 126785 126785 126785
D GOLDMAN SACHS C39694 38141G104 2783 29550 29550 29550
D ILLINOIS TOOL WORKS C39694 452308109 2325 34417 34417 34417
D INTEL C39694 458140100 12307 149520 149520 149520
D JOHNSON & JOHNSON C39694 478160104 5852 62760 62760 62760
D LUCENT TECHNOLOGIES C39694 549463107 12869 171585 171585 171585
D MEDTRONIC INC C39694 585055106 1044 28644 28644 28644
D MERCK & CO. C39694 589331107 8266 123023 123023 123023
D MICROSOFT C39694 594918104 15211 130283 130283 130283
D NORFOLK SOUTHERN CORC39694 655844108 6282 306450 306450 306450
D ORACLE CORP C39694 68389X105 10890 97175 97175 97175
D PEPSICO C39694 713448108 4938 140085 140085 140085
D PFIZER INC C39694 717081103 5333 164415 164415 164415
D PROCTOR & GAMBLE C39694 742718109 5913 53969 53969 53969
D ROYAL DUTCH PETROL. C39694 780257804 896 14800 14800 14800
D SCHERING PLOUGH CORPC39694 806605101 606 14300 14300 14300
D STATE STREET CORP C39694 857477103 8622 118005 118005 118005
D UNISOURCE ENERGY CORC39694 909205106 350 31300 31300 31300
D UNUMPROVIDENT CORP C39694 91529Y106 2279 71085 71085 71085
D VIACOM CL B C39694 925524308 9057 149860 149860 149860
D WAL-MART C39694 931142103 754 10910 10910 10910
D WALGREEN CO C39694 931422109 325 11120 11120 11120
S REPORT SUMMARY 43 RECORDS 269097 0 OTHER MGRS
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