UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13-F
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: Speece, Lewis & Thorson, Inc.
Address: 2270 Metropolitan Centre
Minneapolis, MN 55402-2433
13F File Number: 28-3666
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: Fred H. Speece, Jr., CFA
Title: Principal
Phone: (612) 338-7043
Fred H. Speece, Jr. Minneapolis, Minnesota January 27, 2000
Report Type: (Check only one.):
[ X ] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT
OF 1934.
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PORTVUE-SEC13F.LNP SPEECE, LEWIS & THORSON, INC. PAGE 1
RUN DATE: 01/26/00 3:34 P.M.
FORM 13F INFORMATION TABLE
AS OF DATE: 12/31/99
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
AMBAC FINANCIAL GROUP INC COM 023139108 2920 55956 SH SOLE 55956 0 0
AMSOUTH BANCORPORATION COM COM 032165102 3553 183992 SH SOLE 183992 0 0
AVNET INC COM COM 053807103 5457 90200 SH SOLE 90200 0 0
BARD C R INC COM COM 067383109 3472 65500 SH SOLE 65500 0 0
BORDERS GROUP INC COM COM 099709107 6131 377300 SH SOLE 377300 0 0
BOWATER INC COM COM 102183100 5453 100400 SH SOLE 100400 0 0
CK WITCO CORP. COM 12562C108 4818 360200 SH SOLE 360200 0 0
CONOCO INC CL A COM 208251306 3161 127700 SH SOLE 127700 0 0
CONSOLIDATED NAT GAS CO COM COM 209615103 3555 54750 SH SOLE 54750 0 0
COOPER INDUSTRIES INC COM 216669101 3902 96500 SH SOLE 96500 0 0
DELHAIZE AMER INC CL A COM 246688105 3418 168270 SH SOLE 168270 0 0
DEVON ENERGY CORP NEW COM COM 25179M103 3419 104000 SH SOLE 104000 0 0
DOVER CORP COM 260003108 4921 108450 SH SOLE 108450 0 0
DPL INC COM COM 233293109 5406 312250 SH SOLE 312250 0 0
EDWARDS A G INC COM COM 281760108 4296 134000 SH SOLE 134000 0 0
ENSCO INTL INC COM COM 26874Q100 3578 156400 SH SOLE 156400 0 0
FURNITURE BRANDS INTL INC COM COM 360921100 3417 155300 SH SOLE 155300 0 0
HANNAFORD BROS CO COM COM 410550107 5226 75400 SH SOLE 75400 0 0
HORACE MANN EDUCATORS CP NEWCO COM 440327104 3797 193500 SH SOLE 193500 0 0
HORMEL GEO A & CO COM 440452100 2878 70850 SH SOLE 70850 0 0
JEFFERSON PILOT CORP COM COM 475070108 5006 73350 SH SOLE 73350 0 0
KEYSPAN CORP COM COM 49337W100 4241 182900 SH SOLE 182900 0 0
LEGGETT & PLATT INC COM 524660107 4708 219600 SH SOLE 219600 0 0
MBIA INC COM 55262C100 2654 50250 SH SOLE 50250 0 0
MILLER HERMAN INC COM COM 600544100 5299 230400 SH SOLE 230400 0 0
NCR CORP NEW COM COM 62886E108 4751 125450 SH SOLE 125450 0 0
NICOR INC COM COM 654086107 3588 110400 SH SOLE 110400 0 0
NISOURCE INC COM 65473P105 2515 140700 SH SOLE 140700 0 0
SHERWIN WILLIAMS CO COM 824348106 3986 189800 SH SOLE 189800 0 0
SNAP ON TOOLS CORP COM 833034101 4497 169300 SH SOLE 169300 0 0
SOUTHTRUST CORP COM COM 844730101 4927 130300 SH SOLE 130300 0 0
STANDARD REGISTER CO COM 853887107 2282 117800 SH SOLE 117800 0 0
TIDEWATER INC COM 886423102 3258 90500 SH SOLE 90500 0 0
UNOCAL CORP COM COM 915289102 3433 102300 SH SOLE 102300 0 0
UTILICORP UTD INC COM COM 918005109 3583 184350 SH SOLE 184350 0 0
WERNER ENTERPRISES INC COM COM 950755108 4726 336050 SH SOLE 336050 0 0
WILMINGTON TR CORP COM COM 971807102 3276 67900 SH SOLE 67900 0 0
XL CAPITAL LTD. COM G98255105 4850 93500 SH SOLE 93500 0 0
LINE COUNT: 38
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