UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 12/31/99
Institutional Investment Manager Filing this report:
Name: Ambs Investment Counsel, L.L.C.
Address: 203-B Waters Building
161 Ottawa Ave., NW
Grand Rapids, MI 49503
Form 13F File Number:028-03412
Person Signing this Report on Behalf of Reporting Manager:
Name: Barbara J. DeMoor
Title: President & Chief Operating Officer
Phone: (616) 454-4535
Signature, Place, and Date of Signing:
Grand Rapids, MI 02/01/00
[x] 13F HOLDINGS REPORT.
Form 13F File Number Name
028-03412
<TABLE>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ADC Telecommunications, Inc. COM 000886101 8397 115725.000SH SOLE 52775.000 62950.000
AT&T COM 001957109 151 2976.000 SH SOLE 2976.000
233 4584.000 SH OTHER 4584.000
Alcoa COM 013817101 6389 76975.000SH SOLE 33050.000 43925.000
American Home Products COM 026609107 247 6300.000 SH SOLE 6300.000
American International Group COM 026874107 2113 19545.000SH SOLE 1931.000 17614.000
Andrew Corporation COM 5917 312450.000SH SOLE 109200.000 203250.000
Apache Corp. COM 037411105 866 23450.000SH SOLE 1100.000 22350.000
Atmos Energy COM 049560105 802 39250.000SH SOLE 4400.000 34850.000
Automatic Data Processing COM 053015103 323 6000.000 SH SOLE 6000.000
BP Amoco PLC Spons ADR COM 055622104 1433 24159.000SH SOLE 24159.000
238 4012.000 SH OTHER 4012.000
Bell Atlantic COM 077853109 211 3424.000 SH SOLE 100.000 3324.000
238 3860.000 SH OTHER 3860.000
Bell South Ind COM 079860102 337 7196.000 SH SOLE 7196.000
230 4912.000 SH OTHER 4912.000
Bristol Myers Squibb COM 110122108 2364 36825.000SH SOLE 5300.000 31525.000
Cable Design Technologies COM 126924109 7430 323051.000SH SOLE 136190.000 186861.000
Canadian National Railway COM 136375102 5657 213466.000SH SOLE 88428.000 125038.000
Carnival Corp Class A COM 143658102 9147 191305.000SH SOLE 65767.000 125538.000
Chase Manhattan Corp. COM 163722101 4541 58450.000SH SOLE 24300.000 34150.000
Citizens Banking Corp. COM 174420109 210 9383.000 SH SOLE 9383.000
Coca-Cola Company COM 191216100 875 15030.000SH SOLE 15030.000
Colgate Palmolive COM 194162103 2653 40820.000SH SOLE 900.000 39920.000
Comerica Inc COM 200340107 2455 52580.000SH SOLE 750.000 51830.000
DPL Inc COM 233293109 1572 90813.000SH SOLE 4012.000 86801.000
Diebold, Inc. COM 253651103 4919 209317.000SH SOLE 81717.000 127600.000
Disney Co COM 254687106 271 9250.000 SH SOLE 9250.000
Dupont COM 263534109 485 7358.000 SH SOLE 7358.000
Eastman Kodak COM 277461109 5276 79633.000SH SOLE 36283.000 43350.000
Elan Corp. PLC ADR COM 284131208 6727 228050.000SH SOLE 93650.000 134400.000
Electronic Data System Corp. COM 370442402 10162 151808.000SH SOLE 56933.000 94875.000
Emerson Electric Company COM 291011104 491 8550.000 SH SOLE 8550.000
Enron COM 293561106 417 9408.000 SH SOLE 9408.000
Equity Office Properties Trust COM 294741103 2745 111482.000SH SOLE 55728.000 55754.000
Equity Residential Properties COM 29476L107 2916 68300.000SH SOLE 13000.000 55300.000
Everest Reinsurance Holdings, COM 299808105 3773 169110.000SH SOLE 70950.000 98160.000
Exxon Mobil Corporation COM 302316102 6038 74951.169SH SOLE 26232.105 48719.064
339 4208.000 SH OTHER 4208.000
Fannie Mae COM 313586109 7880 126210.000SH SOLE 40990.000 85220.000
Foremost Corp COM 345469100 565 19900.000SH SOLE 19900.000
GTE Corporation COM 362320103 7408 104981.000SH SOLE 38400.000 66581.000
General Electric COM 369604103 14097 91093.000SH SOLE 21528.000 69565.000
Hasbro Inc. COM 418056107 4624 244187.000SH SOLE 103812.000 140375.000
Herman Miller Inc. COM 600544100 1504 65380.000SH SOLE 4700.000 60680.000
Hewlett Packard Company COM 428236103 464 4075.000 SH SOLE 4075.000
Honeywell International, Inc. COM 438516106 7038 122007.000SH SOLE 47250.000 74757.000
IBM COM 459200101 7685 71237.000SH SOLE 26892.000 44345.000
Intel Corp COM 458140100 873 10600.000SH SOLE 10600.000
JLG Industries COM 466210101 1737 109000.000SH SOLE 109000.000
Johnson & Johnson COM 478160104 863 9253.000 SH SOLE 9253.000
K-Mart Corp COM 482584109 3738 371441.000SH SOLE 146066.000 225375.000
Kellwood Corp COM 488044108 4685 241038.000SH SOLE 77216.000 163822.000
LM Ericsson Telephone Co. ADR COM 294821400 211 3210.000 SH SOLE 3210.000
Lucent Technologies COM 549463107 197 2621.000 SH SOLE 2621.000
297 3960.000 SH OTHER 3960.000
MBIA Inc COM 55262C100 5951 112681.000SH SOLE 37366.000 75315.000
MCI Worldcom, Inc. COM 55268B106 6131 115552.000SH SOLE 48502.500 67049.500
MCN Corp COM 55267J100 746 31400.000SH SOLE 1500.000 29900.000
McDonalds Corp COM 580135101 1009 25030.000SH SOLE 25030.000
Mediaone Group Inc. COM 58440J104 146 1900.000 SH SOLE 1900.000
122 1592.000 SH OTHER 1592.000
Medtronic Inc COM 585055106 681 18700.000SH SOLE 18700.000
Mercantile Bankshares Corp. COM 587405101 4138 129575.000SH SOLE 52650.000 76925.000
Merck & Company COM 589331107 5310 79033.000SH SOLE 30750.000 48283.000
Microsoft Corp. COM 594918104 280 2400.000 SH SOLE 2400.000
Minnesota Mining & Mfg COM 604059105 296 3026.000 SH SOLE 3026.000
Motorola COM 620076109 258 1750.000 SH SOLE 1750.000
Nabors Industries COM 629568106 7150 231125.000SH SOLE 119850.000 111275.000
National City Corp. COM 635405103 2990 126216.000SH SOLE 57375.000 68841.000
84 3548.000 SH OTHER 3548.000
NiSource, Inc. COM 629140104 3276 183266.000SH SOLE 81866.000 101400.000
Old Kent Financial Corp COM 679833103 1699 48034.000SH SOLE 574.000 47460.000
786 22213.000SH OTHER 22213.000
PepsiCo COM 713448108 437 12400.000SH SOLE 12400.000
Pfizer COM 717081103 656 20220.000SH SOLE 20220.000
Proctor & Gamble COM 742718109 608 5550.000 SH SOLE 5550.000
Regis Corp. COM 758932107 6410 339591.000SH SOLE 138841.000 200750.000
Royal Dutch Petroleum COM 780257705 509 8400.000 SH SOLE 8400.000
SBC Communications Inc. COM 78387G103 904 18550.000SH SOLE 18550.000
520 10665.000SH OTHER 10665.000
SPX Corp COM 784635104 6915 85564.000SH SOLE 27183.000 58381.000
Santa Fe International COM G7805C108 398 15400.000SH SOLE 1200.000 14200.000
Sara Lee COM 803111103 402 18216.000SH SOLE 18216.000
Schering Plough COM 806605101 2439 57548.000SH SOLE 200.000 57348.000
Schlumberger COM 806857108 1446 25771.000SH SOLE 1550.000 24221.000
Shell Transport & Trading COM 822703609 856 17475.000SH SOLE 300.000 17175.000
Sykes Enterprises COM 871237103 7038 160400.000SH SOLE 62750.000 97650.000
Tyco International Ltd New COM 902124106 9685 248329.192SH SOLE 86380.000 161949.192
USX-Marathon Group COM 902905827 3361 136133.000SH SOLE 66908.000 69225.000
WalMart Stores COM 931142103 207 3000.000 SH SOLE 3000.000
Walgreen Co. COM 931422109 260 8900.000 SH SOLE 8900.000
Warner Lambert Co. COM 934488107 203 2480.000 SH SOLE 2480.000
Wells Fargo & Co. COM 949740104 75 1850.000 SH SOLE 1850.000
607 15000.000SH OTHER 15000.000
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Form 13F Summary Page
Report Summary:
Number of other included managers: none
Form 13F Information Table Entry Total: 95
Form 13F Information Table Value Total: 258442
(thousands)
