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, 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 January 4, 2001
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: 44
Form 13F Information Table Value Total: $295,495
List of Other Managers Included: NONE
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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 569 11750 11750 11750
D AES CORP COM 00130H105 7694 138950 138950 138950
D AMERICAN EXPRESS CO COM 025816109 9962 181340 181340 181340
D AMERICAN INTERNATIONAL GP COM 026874107 12520 127021 127021 127021
D AUTOMATIC DATA PROCESSING COM 053015103 10789 170400 170400 170400
D AVAYA, INC. COM 053499109 258 25057 25057 25057
D BANCO SANTANDER CENT HISP COM 05964H105 9240 874785 874785 874785
D BELLSOUTH CORP COM 079860102 502 12268 12268 12268
D BRISTOL MYERS SQUIBB CO. COM 110122108 844 11417 11417 11417
D CISCO SYSTEMS COM 17275R102 12460 325739 325739 325739
D CITIGROUP, INC. COM 172967101 14784 289516 289516 289516
D COCA COLA COM 191216100 8213 134770 134770 134770
D COMPAQ COMPUTER COM 204493100 311 20670 20670 20670
D DISNEY, WALT COM 254687106 9830 339685 339685 339685
D DONALDSON COMPANY COM 257651109 1411 50725 50725 50725
D DUKE POWER COM 264399106 2367 27760 27760 27760
D DUPONT DE NEMOURS, I.E. COM 263534109 8763 181384 181384 181384
D E M C CORP COM 268648102 3864 58100 58100 58100
D ERICSSON LM TEL - ADR COM 294821400 8441 754480 754480 754480
D EXXON MOBIL CORP COM 30231G102 12301 141491 141491 141491
D GANNETT CO. COM 364730101 1301 20625 20625 20625
D GENERAL ELECTRIC COM 369604103 13442 280406 280406 280406
D GOLDMAN SACHS COM 38141G104 7880 73690 73690 73690
D HARBOR FLORIDA BANCSHARES COM 411901101 211 14100 14100 14100
D INTEL COM 458140100 9701 322689 322689 322689
D JOHNSON & JOHNSON COM 478160104 11048 105157 105157 105157
D LUCENT TECHNOLOGIES COM 549463107 4014 297297 297297 297297
D MEDTRONIC INC COM 585055106 1794 29722 29722 29722
D MERCK & CO. COM 589331107 14209 151764 151764 151764
D MICROSOFT COM 594918104 8829 203541 203541 203541
D NORFOLK SOUTHERN CORP COM 655844108 5050 379320 379320 379320
D NORTEL NETWORK COM 656568102 4899 152790 152790 152790
D ORACLE CORP COM 68389X105 9922 341390 341390 341390
D PEPSICO COM 713448108 9146 184525 184525 184525
D PFIZER INC COM 717081103 11133 242029 242029 242029
D PROCTOR & GAMBLE COM 742718109 9104 116065 116065 116065
D ROYAL DUTCH PETROL. COM 780257804 963 15900 15900 15900
D SCHERING PLOUGH CORP COM 806605101 756 13320 13320 13320
D STATE STREET CORP COM 857477103 11925 96010 96010 96010
D TEXAS INSTRUMENTS COM 882508104 10175 214785 214785 214785
D TYCO INTL COM 902124106 4842 87250 87250 87250
D UNISOURCE ENERGY CORP COM 909205106 589 31300 31300 31300
D VIACOM CL B COM 925524308 8691 185902 185902 185902
D WAL-MART COM 931142103 748 14084 14084 14084
S REPORT SUMMARY 44RECORDS 295495 0OTHER MGRS
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