UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the calendar Year or Quarter Ended: September 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 October 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: 94
Form 13F Information Table Value Total: $429,223
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
AAR Corporation COM 000361105 767 42600SH SOLE 42600
Abbott Labs COM 002824100 6147 167550SH SOLE 167550
Alcoa Inc COM 013817101 5722 92200SH SOLE 92200
America Online Inc COM 02364J104 4475 43000SH SOLE 43000
American Express CoCOM 025816109 10003 74100SH SOLE 74100
American Intl GroupCOM 026874107 8727 100378SH SOLE 100378
Ameritech Corp COM 030954101 9716 145560SH SOLE 145560
AptarGroup Inc COM 038336103 1089 40700SH SOLE 40700
AT&T Corp COM 001957109 8297 190726SH SOLE 190726
AVT Corporation COM 002420107 1274 41600SH SOLE 41600
Bank of America CorCOM 060505104 5132 92150SH SOLE 92150
BellSouth Corp COM 079860102 6756 150140SH SOLE 150140
Bindley Western IndCOM 090324104 848 59231SH SOLE 59231
Blanch (EW) HoldingCOM 093210102 1648 25300SH SOLE 25300
BP Amoco Plc, ADR COM 055622104 8716 78659SH SOLE 78659
Bristol-Myers SquibCOM 110122108 10881 161200SH SOLE 161200
Cambrex CorporationCOM 132011107 1261 47700SH SOLE 47700
Canandaigua Brands COM 137219200 1099 18400SH SOLE 18400
Cardinal Health IncCOM 14149Y108 8110 148800SH SOLE 148800
Carlisle Companies COM 142339100 1193 30200SH SOLE 30200
Central Newspapers COM 154647101 1219 27400SH SOLE 27400
Chase Manhattan COM 16161A108 7353 97550SH SOLE 97550
Cisco Systems COM 17275R102 11896 173500SH SOLE 173500
City National Corp COM 178566105 1108 33000SH SOLE 33000
Compuware CorporatiCOM 205638109 4703 180450SH SOLE 180450
Consolidated GraphiCOM 209341106 1150 27300SH SOLE 27300
Copart, Inc. COM 217204106 522 28300SH SOLE 28300
Costco Wholesale CoCOM 22160Q102 553 7679SH SOLE 7679
Dallas SemiconductoCOM 235204104 1892 35400SH SOLE 35400
Dell Computer Corp COM 247025109 6456 154400SH SOLE 154400
Dycom Industries COM 267475101 2194 52000SH SOLE 52000
Ecolab COM 278865100 6433 188500SH SOLE 188500
Electronic Arts IncCOM 285512109 1911 26400SH SOLE 26400
EMC Corporation COM 268648102 10050 140800SH SOLE 140800
Emerson Electric CoCOM 291011104 6556 103750SH SOLE 103750
Ethan Allen InterioCOM 297602104 1056 33200SH SOLE 33200
Fannie Mae COM 313586109 6413 102300SH SOLE 102300
Florida Rock Indu. COM 341140101 1206 34700SH SOLE 34700
General Electric CoCOM 369604103 2313 19510SH SOLE 19510
Gentex Corporation COM 371901109 911 44100SH SOLE 44100
Helen of Troy Ltd COM G4388N106 948 98500SH SOLE 98500
Henry (Jack) & AssoCOM 426281101 1378 37300SH SOLE 37300
Houghton Mifflin CoCOM 441560109 975 24000SH SOLE 24000
IBM Corp. COM 459200101 2420 20000SH SOLE 20000
Illinois Tool WorksCOM 452308109 7178 96270SH SOLE 96270
Ingersoll-Rand Co COM 456866102 7820 142350SH SOLE 142350
Insituform TechnoloCOM 457667103 1782 71300SH SOLE 71300
Intel Corp COM 458140100 12262 165000SH SOLE 165000
Interpublic Group COM 460690100 11468 278850SH SOLE 278850
Jacobs Engineering COM 469814107 1157 35600SH SOLE 35600
Johnson Controls InCOM 478366107 8296 125100SH SOLE 125100
Jones Pharma Inc COM 480236108 3597 109100SH SOLE 109100
Kronos IncorporatedCOM 501052104 873 23800SH SOLE 23800
Lowe's Companies COM 548661107 5955 122150SH SOLE 122150
Lucent TechnologiesCOM 549463107 8601 132580SH SOLE 132580
Masco Corporation COM 574599106 8452 272650SH SOLE 272650
McDonald's Corp COM 580135101 10363 239600SH SOLE 239600
MCI WorldCom Inc COM 55268B106 9531 132600SH SOLE 132600
MedQuist Inc COM 584949101 1087 32500SH SOLE 32500
Medtronic Inc COM 585055106 9677 272100SH SOLE 272100
Men's Wearhouse IncCOM 587118100 858 39900SH SOLE 39900
MICROS Systems Inc COM 594901100 2179 53800SH SOLE 53800
Microsoft Corp COM 594918104 12192 134620SH SOLE 134620
Morgan Stanley DeanCOM 617446448 5913 66300SH SOLE 66300
National Computer SCOM 635519101 1430 37300SH SOLE 37300
Oracle Corporation COM 68389X105 10763 236550SH SOLE 236550
Patterson Dental CoCOM 703412106 2320 46800SH SOLE 46800
Pfizer Inc COM 717081103 10090 281250SH SOLE 281250
Priority HealthcareCOM 74264T102 929 30100SH SOLE 30100
Procter & Gamble COM 742718109 10111 107850SH SOLE 107850
Progress Software CCOM 743312100 549 17500SH SOLE 17500
Provident Fincl. GrCOM 743866105 1079 29500SH SOLE 29500
ResMed Inc COM 761152107 977 29500SH SOLE 29500
Roper Industries InCOM 776696106 1147 30000SH SOLE 30000
Ross Stores Inc COM 778296103 829 41200SH SOLE 41200
Safeway Inc COM 786514208 5970 156850SH SOLE 156850
Schering-Plough COM 806605101 6347 145500SH SOLE 145500
Scotts Company COM 810186106 1499 43300SH SOLE 43300
Semtech Corp COM 816850101 1970 53800SH SOLE 53800
Spartech Corp COM 847220209 1958 66800SH SOLE 66800
Sun Microsystems InCOM 866810104 14717 158250SH SOLE 158250
Swift TransportatioCOM 870756103 604 30700SH SOLE 30700
Symantec Corp COM 871503108 1993 55400SH SOLE 55400
Symbol TechnologiesCOM 871508107 983 29225SH SOLE 29225
Syncor InternationaCOM 87157J106 1155 30800SH SOLE 30800
Tellabs Inc COM 879664100 9509 167000SH SOLE 167000
Timberland Co. Cl ACOM 887100105 953 24400SH SOLE 24400
Tosco Corp. COM 891490302 5797 229600SH SOLE 229600
Tredegar CorporatioCOM 894650100 951 44500SH SOLE 44500
Tyco International COM 902124106 7176 69500SH SOLE 69500
Valassis Comm COM 918866104 2263 51500SH SOLE 51500
Wal-Mart Stores COM 931142103 10456 219830SH SOLE 219830
Webster Financial CCOM 947890109 992 38900SH SOLE 38900
Zale Corporation COM 988858106 988 25800SH SOLE 25800
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