UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 06/30/99________________
Institutional Investment Manager Filing this Report:
Name:Ambs Investment Counsel,Inc_________________________________________
Address: 161 Ottawa Ave NW, Suite 203-B _______________________________________
Grand Rapids, MI 49503______________________________________
Form 13F File Number: 28-03839____________
Person Signing this Report on Behalf of Reporting Manager:
Name: _Barbara J. DeMoor_______________________________________
Title: Chief Operating Officer_________________________________________
Phone: _(616) 454-4535________________________________________
Place and Date of Signing: Grand Rapids, MI _07/29/99
Report Type: 13F HOLDINGS REPORT.
Form 13F File Number Name
28-03839____________ ________________________________________________
<TABLE>
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
<C> <C>
<S> <C> <C> <C> <C>
AT&T COM 00195710 166 2976.000 SH SOLE 2976.000
256 4584.000 SH OTHER 4584.000
Abbott Laboratories COM 002824100 263 5792.000 SH SOLE 5792.000
Allied Signal Inc. COM 019512102 4900 77782.000SH SOLE 9250.000 68532.000
American Bankers Insurance Gro COM 024456105 2531 46500.000SH SOLE 42600.000 3900.000
American Home Products COM 026609107 333 5800.000 SH SOLE 5800.000
American International Group COM 026874107 2180 18592.000SH SOLE 1925.000 16667.000
Ameritech COM 030954101 959 13054.000SH SOLE 13054.000
240 3272.000 SH OTHER 3272.000
Apache Corp. COM 037411105 955 24500.000SH SOLE 1500.000 23000.000
Archer Daniels Midland COM 039483102 177 11483.000SH SOLE 11483.000
Atmos Energy COM 049560105 1412 56500.000SH SOLE 5600.000 50900.000
Automatic Data Processing COM 053015103 264 6000.000 SH SOLE 6000.000
BP Amoco PLC Spons ADR COM 055622104 1549 14276.000SH SOLE 14276.000
218 2006.000 SH OTHER 2006.000
Banc One Corp. COM 059438101 214 3597.000 SH SOLE 200.000 3397.000
Bell Atlantic COM 077853109 224 3424.000 SH SOLE 100.000 3324.000
252 3860.000 SH OTHER 3860.000
Bell South Ind COM 079860102 332 7196.000 SH SOLE 7196.000
227 4912.000 SH OTHER 4912.000
Berkshire Hathaway Cl B COM 084670207 258 115.000 SH SOLE 115.000
Bestfoods COM 08658U101 233 4700.000 SH SOLE 4700.000
Bristol Myers Squibb COM 110122108 3168 44970.000SH SOLE 5700.000 39270.000
CFSB Bancorp COM 124927104 649 26344.300SH SOLE 968.000 25376.000
262 10648.000SH OTHER 10648.000
Cable Design Technologies COM 126924109 5850 378936.000SH SOLE 187100.000 191836.000
Canadian National Railway COM 136375102 8713 130050.000SH SOLE 57883.000 72167.000
Carnival Corp Class A COM 143658102 10659 219775.000SH SOLE 79950.000 139825.000
Chase Manhattan Corp. COM 163722101 7634 88260.000SH SOLE 44900.000 43360.000
Citizens Banking Corp. COM 174420109 351 11682.000SH SOLE 11682.000
City National Bank COM 178566105 3116 83225.000SH SOLE 64150.000 19075.000
Coca-Cola Company COM 191216100 944 15230.000SH SOLE 15230.000
Colgate Palmolive COM 194162103 2193 22260.000SH SOLE 700.000 21560.000
Comerica Inc COM 200340107 3232 54371.000SH SOLE 1200.000 53171.000
DPL Inc COM 233293109 1992 107667.000SH SOLE 4512.000 103155.000
Diebold, Inc. COM 253651103 6781 235850.000SH SOLE 93350.000 142500.000
Disney Co COM 254687106 310 10050.000SH SOLE 10050.000
Dupont COM 263534109 660 9658.000 SH SOLE 9658.000
Elan Corp. PLC ADR COM 284131208 5936 213900.000SH SOLE 86950.000 126950.000
Electronic Data System Corp. COM 370442402 10497 185375.000SH SOLE 74150.000 111225.000
Emerson Electric Company COM 291011104 752 11950.000SH SOLE 11950.000
Enron COM 293561106 385 4704.000 SH SOLE 4704.000
Equity Office Properties Trust COM 294741103 4057 158321.000SH SOLE 68826.000 89495.000
Equity Residential Properties COM 29476L107 5704 126575.000SH SOLE 45850.000 80725.000
Everest Reinsurance Holdings, COM 299808105 5012 153610.000SH SOLE 58950.000 94660.000
Exxon COM 302290101 2759 35769.000SH SOLE 1600.000 34169.000
325 4208.000 SH OTHER 4208.000
Fannie Mae COM 313586109 9945 145710.000SH SOLE 47890.000 97820.000
Food Lion Class A COM 344775200 3936 331475.000SH SOLE 253175.000 78300.000
Food Lion Class B COM 344775101 4611 398775.000SH SOLE 52500.000 346275.000
GTE Corporation COM 362320103 9981 132194.000SH SOLE 56159.000 76035.000
General Electric COM 369604103 13909 123089.000SH SOLE 32878.000 90211.000
Glaxo Wellcome PLC ADR COM 37733W105 238 4200.000 SH SOLE 4200.000
Grainger W.W. COM 384802104 215 4000.000 SH SOLE 4000.000
HON Industries COM 438092108 4050 138775.000SH SOLE 76850.000 61925.000
Hasbro Inc. COM 418056107 8524 305124.000SH SOLE 126149.000 178975.000
Herman Miller Inc. COM 600544100 4200 199980.000SH SOLE 75900.000 124080.000
Hershey Foods Corp COM 427866108 286 4825.000 SH SOLE 4825.000
Hewlett Packard Company COM 428236103 384 3825.000 SH SOLE 300.000 3525.000
IBM COM 459200101 11553 89384.000SH SOLE 36850.000 52534.000
Intel Corp COM 458140100 577 9700.000 SH SOLE 9700.000
JLG Industries COM 466210101 2048 100500.000SH SOLE 100500.000
Johnson & Johnson COM 478160104 1428 14570.000SH SOLE 14570.000
K-Mart Corp COM 482584109 6948 421075.000SH SOLE 170200.000 250875.000
Kellwood Corp COM 488044108 6324 233147.000SH SOLE 85900.000 147247.000
Lucent Technologies COM 549463107 94 1396.000 SH SOLE 1396.000
267 3960.000 SH OTHER 3960.000
MBIA Inc COM 55262C100 7209 111340.000SH SOLE 42650.000 68690.000
MCN Corp COM 55267J100 5391 259800.000SH SOLE 106700.000 153100.000
Magna Intl Class A Voting COM 559222401 238 4200.000 SH SOLE 4200.000
McDonalds Corp COM 580135101 1138 27680.000SH SOLE 27680.000
Medtronic Inc COM 585055106 1491 19150.000SH SOLE 19150.000
Merck & Company COM 589331107 5759 78220.000SH SOLE 36000.000 42220.000
Minnesota Mining & Mfg COM 604059105 298 3426.000 SH SOLE 3426.000
Mobil Corporation COM 607059102 5154 52194.000SH SOLE 27960.000 24234.000
Morgan J.P. COM 616880100 244 1740.000 SH SOLE 1740.000
Nabors Industries COM 629568106 5278 216550.000SH SOLE 135700.000 80850.000
National City Corp. COM 635405103 173 2640.000 SH SOLE 2640.000
116 1774.000 SH OTHER 1774.000
NiSource, Inc. COM 629140104 5606 217200.000SH SOLE 98700.000 118500.000
Old Kent Financial Corp COM 679833103 1276 30469.000SH SOLE 30469.000
634 15134.000SH OTHER 15134.000
PepsiCo COM 713448108 584 15100.000SH SOLE 15100.000
Pfizer COM 717081103 865 7934.000 SH SOLE 7934.000
Proctor & Gamble COM 742718109 540 6050.000 SH SOLE 6050.000
RPM, Inc. COM 749685103 3163 222977.000SH SOLE 28262.000 194715.000
Royal Dutch Petroleum COM 780257705 530 8800.000 SH SOLE 8800.000
SBC Communications Inc. COM 78387G103 350 6026.000 SH SOLE 6026.000
369 6360.000 SH OTHER 6360.000
SPX Corp COM 784635104 10398 124531.000SH SOLE 52875.000 71656.000
Santa Fe International COM G7805C108 401 17450.000SH SOLE 1650.000 15800.000
Sara Lee COM 803111103 472 20800.000SH SOLE 20800.000
Schering Plough COM 806605101 3410 64948.000SH SOLE 600.000 64348.000
Schlumberger COM 806857108 1957 30721.000SH SOLE 2450.000 28271.000
Shaw Industries COM 820286102 5598 319875.000SH SOLE 152200.000 167675.000
Shell Transport & Trading COM 822703609 904 19484.000SH SOLE 300.000 19184.000
Smithkline Beecham ADR Rep Ord COM 832378400 4214 63790.000SH SOLE 36650.000 27140.000
Sterling Commerce COM 859205106 5893 160350.000SH SOLE 73175.000 87175.000
Sykes Enterprises COM 871237103 5404 161925.000SH SOLE 73500.000 88425.000
Teleflex Inc. COM 879369106 5013 115400.000SH SOLE 72400.000 43000.000
Tyco International Ltd New COM 902124106 13639 143944.596SH SOLE 51125.000 92819.596
UST Corp. COM 902900109 4479 148050.000SH SOLE 17100.000 130950.000
USX-Marathon Group COM 902905827 3950 121300.000SH SOLE 55000.000 66300.000
Walgreen Co. COM 931422109 261 8900.000 SH SOLE 8900.000
Warner Lambert Co. COM 934488107 413 5980.000 SH SOLE 5980.000
Waste Management Inc. NEW COM 94106L109 8582 159670.000SH SOLE 63695.000 95975.000
Wells Fargo & Co. COM 949740104 79 1850.000 SH SOLE 1850.000
641 15000.000SH OTHER 15000.000
EV Tax Managed Growth Fd Cl A 277911830 233 11028.471SH SOLE 11028.471
</TABLE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: none______________
Form 13F Information Table Entry Total: 109_____
Form 13F Information Table Value Total: 321949____________
(thousands)
