INVESTMENT CO CAPITAL CORP
13F-NT, 2000-05-16
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                     UNITED STATES
           SECURITIES AND EXCHANGE COMMISSION
              	 Washington, D.C. 20549

                		Form 13F
                  Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended:
        MARCH 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:	  INVESTMENT COMPANY CAPITAL CORP
	Address:  1 SOUTH STREET
                BALTIMORE, MARYLAND  21202

	Form 13F File Number:  28-05047

The institutional investment manager filing this report and the person
by whom it is signed hereby represent that the person signing the 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 this Report on Behalf of Reporting Manager:
	Name:    DAMIAN REITEMEYER
	Title:   PRINCIPAL
	Phone:   212-250-4599

Signature, Place, and Date of Signing:
	DAMIAN REITEMEYER,
	NEW YORK, NEW YORK,
	MAY 15, 2000

Report type (Check only one):
  [  ]  13F HOLDINGS REPORT.  (Check here if all holdings of this reporting
        manager are reported in this report.)
  [ X]  13F NOTICE.  (Check here if no holdings reported are in this report,
        and all holdings are reported by other reporting manager(s).)

  [  ]  13F COMBINATION REPORT.  (Check here if a portion of the holdings
 	  for this reporting manager are reported in this report and a portion
	  are reported by other reporting manager(s).)

List of Other Managers Reporting for this Manager:
         Form 13F File Number  28-04987
         Name          Taunus Corporation






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