UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the calendar Year or Quarter Ended: December 31, 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 January 7, 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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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 97
Form 13F Information Table Value Total: $497,128
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 761 42400SH SOLE 42400
Alcoa Inc COM 013817101 6848 82500SH SOLE 82500
America Online Inc COM 02364J104 6852 90300SH SOLE 90300
American Express CoCOM 025816109 12053 72500SH SOLE 72500
American General CoCOM 026351106 6085 80200SH SOLE 80200
American Intl GroupCOM 026874107 10826 100128SH SOLE 100128
Amgen Inc COM 031162100 10307 171600SH SOLE 171600
AptarGroup Inc COM 038336103 1018 40500SH SOLE 40500
AT&T Corp COM 001957109 9285 182726SH SOLE 182726
AVT Corporation COM 002420107 3896 82900SH SOLE 82900
BellSouth Corp COM 079860102 4903 104740SH SOLE 104740
BJ's Wholesale ClubCOM 05548J106 3110 85200SH SOLE 85200
BP Amoco Plc, ADR COM 055622104 7152 120584SH SOLE 120584
Bristol-Myers SquibCOM 110122108 10023 156150SH SOLE 156150
Cambrex CorporationCOM 132011107 1646 47800SH SOLE 47800
Canandaigua Brands COM 137219200 933 18300SH SOLE 18300
Cardinal Health IncCOM 14149Y108 4743 99075SH SOLE 99075
Central Newspapers COM 154647101 1075 27300SH SOLE 27300
Chase Manhattan COM 16161A108 5551 71450SH SOLE 71450
Cisco Systems COM 17275R102 16765 156500SH SOLE 156500
Citigroup Inc COM 172967101 8558 153675SH SOLE 153675
City National Corp COM 178566105 1449 44000SH SOLE 44000
Clear Channel Comm.COM 184502102 5855 65600SH SOLE 65600
Compuware Corp. COM 205638109 4468 119950SH SOLE 119950
Copart, Inc. COM 217204106 1971 45300SH SOLE 45300
Costco Wholesale CoCOM 22160Q102 701 7679SH SOLE 7679
Dallas SemiconductoCOM 235204104 2268 35200SH SOLE 35200
Datascope Corp COM 238113104 3146 78650SH SOLE 78650
Dayton Hudson Corp.COM 239753106 1322 18000SH SOLE 18000
Dell Computer Corp COM 247025109 8471 166100SH SOLE 166100
Dycom Industries COM 267475101 4173 94700SH SOLE 94700
Eaton Vance Corp COM 278265103 847 22300SH SOLE 22300
Ecolab COM 278865100 3486 89100SH SOLE 89100
EMC Corporation COM 268648102 14060 128700SH SOLE 128700
Emerson Electric CoCOM 291011104 3675 64050SH SOLE 64050
Ethan Allen InterioCOM 297602104 1055 32900SH SOLE 32900
Exxon Mobil Corp. COM 30231G102 428 5310SH SOLE 5310
Fannie Mae COM 313586109 6056 97000SH SOLE 97000
Florida Rock Indu. COM 341140101 1192 34600SH SOLE 34600
General Electric CoCOM 369604103 2400 15510SH SOLE 15510
Henry (Jack) & AssoCOM 426281101 2180 40600SH SOLE 40600
Hewlett-Packard Co COM 428236103 10129 89050SH SOLE 89050
Illinois Tool WorksCOM 452308109 6352 94020SH SOLE 94020
Insituform TechnoloCOM 457667103 3458 122400SH SOLE 122400
Intel Corp COM 458140100 13022 158200SH SOLE 158200
Interpublic Group COM 460690100 14448 250450SH SOLE 250450
Inter-Tel IncorporaCOM 458372109 1643 65700SH SOLE 65700
Intimate Brands IncCOM 461156101 1208 28000SH SOLE 28000
Johnson & Johnson COM 478160104 1531 16419SH SOLE 16419
Johnson Controls InCOM 478366107 3452 60700SH SOLE 60700
Jones Pharma Inc COM 480236108 5008 115300SH SOLE 115300
Kronos IncorporatedCOM 501052104 3510 58500SH SOLE 58500
Legg Mason, Inc COM 524901105 3567 98400SH SOLE 98400
Lowe's Companies COM 548661107 7113 119050SH SOLE 119050
McDonald's Corp COM 580135101 9449 234400SH SOLE 234400
MCI WorldCom Inc COM 55268B106 8198 154500SH SOLE 154500
MedQuist Inc COM 584949101 1350 52300SH SOLE 52300
Medtronic Inc COM 585055106 9097 249650SH SOLE 249650
Men's Wearhouse IncCOM 587118100 1166 39700SH SOLE 39700
MICROS Systems Inc COM 594901100 3263 44100SH SOLE 44100
Microsoft Corp COM 594918104 15046 128870SH SOLE 128870
Morgan Stanley DeanCOM 617446448 9372 65650SH SOLE 65650
Motorola Inc COM 620076109 1914 13000SH SOLE 13000
National Computer SCOM 635519101 1396 37100SH SOLE 37100
New York Times Cl.ACOM 650111107 9049 184200SH SOLE 184200
Oracle Corporation COM 68389X105 16910 150900SH SOLE 150900
Patterson Dental CoCOM 703412106 1982 46500SH SOLE 46500
Pfizer Inc COM 717081103 8452 260550SH SOLE 260550
Pinnacle Systems InCOM 723481107 891 21900SH SOLE 21900
Procter & Gamble COM 742718109 11553 105450SH SOLE 105450
Progress Software CCOM 743312100 5300 93400SH SOLE 93400
Provident Fincl. GrCOM 743866105 1051 29300SH SOLE 29300
Qualcomm Inc. COM 747525103 1409 8000SH SOLE 8000
ResMed Inc COM 761152107 3411 81700SH SOLE 81700
Roper Industries InCOM 776696106 1127 29800SH SOLE 29800
Ross Stores Inc COM 778296103 728 40600SH SOLE 40600
Safeway Inc COM 786514208 2422 67750SH SOLE 67750
SBC Communications COM 78387G103 8679 178041SH SOLE 178041
Schering-Plough COM 806605101 6314 149000SH SOLE 149000
Scotts Company COM 810186106 1735 43100SH SOLE 43100
Semtech Corp COM 816850101 2747 52700SH SOLE 52700
Spartech Corp COM 847220209 4018 124600SH SOLE 124600
Stone Energy Corp. COM 861642106 770 21600SH SOLE 21600
Sun Microsystems InCOM 866810104 15929 205700SH SOLE 205700
Symantec Corp COM 871503108 2708 46200SH SOLE 46200
Symbol TechnologiesCOM 871508107 4222 66425SH SOLE 66425
Syncor InternationaCOM 87157J106 2959 101600SH SOLE 101600
Techne Corporation COM 878377100 1101 20000SH SOLE 20000
Tellabs Inc COM 879664100 10581 164850SH SOLE 164850
THQ Inc. COM 872443403 524 22600SH SOLE 22600
Timberland Co. Cl ACOM 887100105 1280 24200SH SOLE 24200
Tosco Corp COM 891490302 5247 193000SH SOLE 193000
Tyco International COM 902124106 7129 182800SH SOLE 182800
Valassis Comm COM 918866104 2163 51200SH SOLE 51200
Wal-Mart Stores COM 931142103 14560 210630SH SOLE 210630
Webster Financial CCOM 947890109 912 38700SH SOLE 38700
Zale Corporation COM 988858106 2980 61600SH SOLE 61600
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