UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the calendar Year or Quarter Ended: June 30, 1999
Check here is Amendment [ ]; Amendment Number:
This Amendment (check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Investment Counselors Inc.
Address: 1010 Market Street
Suite 1540
St. Louis, MO 63101
13F File Number:
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 Reoprt on behalf of Reporting Manager:
Name: Gordon A. Johnson
Title: President & Chief Financial Officer
Phone: 314-421-3080
Signature, Place and Date of Signing:
Gordon A. Johnson St. Louis, Missouri July 7, 1999
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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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 92
Form 13F Information Table Value Total: $494,868
List of Other Included Managers:
No. 13F File Number Name
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FORM 13F INFROMATION TABLE VOTING AUTHORITY
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER
NAME OF ISSUER TITLE OF CLAS CUSIP (x$1000PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
Abbott Labs COM 002824100 8197 180650SH SOLE 180650
America Online Inc COM 02364J104 2185 19000SH SOLE 19000
American Express CoCOM 025816109 11006 79900SH SOLE 79900
American Heritage LCOM 026522102 1133 44000SH SOLE 44000
American Intl GroupCOM 026874107 10664 87453SH SOLE 87453
Ameritech Corp COM 030954101 11970 165960SH SOLE 165960
AptarGroup Inc COM 038336103 1247 40800SH SOLE 40800
AT&T Corp COM 001957109 11694 206976SH SOLE 206976
AVT Corporation COM 002420107 1418 41700SH SOLE 41700
Bank of America CorCOM 060505104 11312 151966SH SOLE 151966
BellSouth Corp COM 079860102 7327 162140SH SOLE 162140
Bindley Western IndCOM 090324104 1363 59733SH SOLE 59733
Blanch (EW) HoldingCOM 093210102 1741 25400SH SOLE 25400
BP Amoco Plc Spon ACOM 055622104 9408 84474SH SOLE 84474
Bristol-Myers SquibCOM 110122108 12499 174200SH SOLE 174200
Canandaigua Brands COM 137219200 968 18500SH SOLE 18500
Cardinal Health IncCOM 14149Y108 11174 160350SH SOLE 160350
Carlisle Companies COM 142339100 1477 30300SH SOLE 30300
Central Newspapers COM 154647101 1076 27500SH SOLE 27500
Chase Manhattan COM 16161A108 8991 105700SH SOLE 105700
Cisco Systems COM 17275R102 12601 187900SH SOLE 187900
City National Corp COM 178566105 1252 33100SH SOLE 33100
COMAIR Holdings IncCOM 199789108 1322 59099SH SOLE 59099
Compuware CorporatiCOM 205638109 6399 196900SH SOLE 196900
Consolidated GraphiCOM 209341106 1001 21300SH SOLE 21300
Costco Companies COM 22160Q102 628 7679SH SOLE 7679
Dallas SemiconductoCOM 235204104 1790 35100SH SOLE 35100
Dell Computer Corp COM 247025109 4002 107800SH SOLE 107800
Dycom Industries COM 267475101 2688 51500SH SOLE 51500
Ecolab COM 278865100 12391 286500SH SOLE 286500
Electronic Arts IncCOM 285512109 1528 26400SH SOLE 26400
EMC Corporation COM 268648102 8971 152700SH SOLE 152700
Emerson Electric CoCOM 291011104 7281 115800SH SOLE 115800
Ethan Allen InterioCOM 297602104 1091 33300SH SOLE 33300
Fannie Mae COM 313586109 8046 116400SH SOLE 116400
Fleet Financial GroCOM 338915101 6229 138800SH SOLE 138800
Florida Rock IndustCOM 341140101 1553 34700SH SOLE 34700
Gap Inc COM 364760108 11759 235762SH SOLE 235762
General Electric CoCOM 369604103 2199 19510SH SOLE 19510
Gentex Corporation COM 371901109 1366 44100SH SOLE 44100
Hannaford Brothers COM 410550107 938 17600SH SOLE 17600
Helen of Troy Ltd COM G4388N106 1563 88700SH SOLE 88700
Henry (Jack) & AssoCOM 426281101 1440 37400SH SOLE 37400
Houghton Mifflin CoCOM 441560109 1164 24100SH SOLE 24100
IBM Corp. COM 459200101 2645 20000SH SOLE 20000
Illinois Tool WorksCOM 452308109 8420 104600SH SOLE 104600
Ingersoll-Rand Co COM 456866102 9885 154600SH SOLE 154600
Insituform TechnoloCOM 457667103 1470 69800SH SOLE 69800
Intel Corp COM 458140100 11335 178500SH SOLE 178500
Interpublic Group COM 460690100 12849 150500SH SOLE 150500
Jacobs Engineering COM 469814107 1067 28300SH SOLE 28300
Johnson Controls InCOM 478366107 7700 111900SH SOLE 111900
Jones Pharma Inc COM 480236108 3253 83400SH SOLE 83400
Kronos IncorporatedCOM 501052104 625 13200SH SOLE 13200
Lowe's Companies COM 548661107 10336 183550SH SOLE 183550
Lucent TechnologiesCOM 549463107 10479 148380SH SOLE 148380
Masco Corporation COM 574599106 10212 340400SH SOLE 340400
Maytag Corp COM 578592107 9524 138400SH SOLE 138400
MBIA Inc COM 55262C100 3352 50500SH SOLE 50500
McDonald's Corp COM 580135101 10648 259300SH SOLE 259300
MCI WorldCom Inc COM 55268B106 12700 143200SH SOLE 143200
MedQuist Inc COM 584949101 1405 32500SH SOLE 32500
Medtronic Inc COM 585055106 11648 148500SH SOLE 148500
Men's Wearhouse IncCOM 587118100 1773 65200SH SOLE 65200
MICROS Systems Inc COM 594901100 1880 53900SH SOLE 53900
Microsoft Corp COM 594918104 13726 149200SH SOLE 149200
Mohawk Industries COM 608190104 1192 39400SH SOLE 39400
Morgan Stanley DeanCOM 617446448 11345 111700SH SOLE 111700
National Computer SCOM 635519101 1272 37400SH SOLE 37400
Oracle Corporation COM 68389X105 12265 319100SH SOLE 319100
Oshkosh B'Gosh COM 688222207 555 26900SH SOLE 26900
Patterson Dental CoCOM 703412106 1452 41900SH SOLE 41900
Pfizer Inc COM 717081103 9219 237900SH SOLE 237900
Priority HealthcareCOM 74264T102 1110 30100SH SOLE 30100
Procter & Gamble COM 742718109 9890 116700SH SOLE 116700
Provident FinancialCOM 743866105 1254 29500SH SOLE 29500
ResMed Inc COM 761152107 567 16500SH SOLE 16500
Ross Stores Inc COM 778296103 615 12200SH SOLE 12200
Safeway Inc COM 786514208 8514 170700SH SOLE 170700
Scotts Company COM 810186106 2063 43900SH SOLE 43900
Semtech Corp COM 816850101 2917 53900SH SOLE 53900
Spartech Corp COM 847220209 1961 66900SH SOLE 66900
Sun Microsystems InCOM 866810104 12058 172100SH SOLE 172100
Symantec Corp COM 871503108 1537 55400SH SOLE 55400
Symbol TechnologiesCOM 871508107 1131 29325SH SOLE 29325
Tellabs Inc COM 879664100 12688 181100SH SOLE 181100
Timberland Company COM 887100105 1528 22100SH SOLE 22100
Tredegar CorporatioCOM 894650100 998 44600SH SOLE 44600
Valassis Comm COM 918866104 1954 51600SH SOLE 51600
Wal-Mart Stores COM 931142103 11637 238100SH SOLE 238100
Webster Financial CCOM 947890109 1104 38900SH SOLE 38900
Zale Corporation COM 988858106 1058 25800SH SOLE 25800
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