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, 2000"
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 Report on behalf of Reporting Manager:
Name: Jean M. Korte
Title: Chief Financial & Compliance Officer
Phone: 314-421-3080
"Signature, Place and Date of Signing:"
"Jean M. Korte St. Louis, Missouri July 13, 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.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 101
"Form 13F Information Table Value Total: $494,476"
List of Other Included Managers:
No. 13F File Number Name
<PAGE>
<TABLE> <C> <C>
FORM 13F INFROMATION TABLE VOTING AUTHORITY
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGER
EMC Corporation COM 268648102 15295 198800 SH SOLE
Intel Corp COM 458140100 14589 109125 SH SOLE
Oracle Corporation COM 68389X105 13219 157250 SH SOLE
Sun Microsystems Inc COM 866810104 12713 139800 SH SOLE
Cisco Systems COM 17275R102 12662 199200 SH SOLE
Medtronic Inc COM 585055106 12490 250750 SH SOLE
Pfizer Inc COM 717081103 12395 258225 SH SOLE
Amgen Inc COM 31162100 12044 171450 SH SOLE
American Power Conv COM 29066107 11838 290050 SH SOLE
American Intl Group COM 26874107 11798 100408 SH SOLE
Wal-Mart Stores COM 931142103 11170 193834 SH SOLE
Hewlett-Packard Co COM 428236103 10995 88050 SH SOLE
Microsoft Corp COM 594918104 10946 136820 SH SOLE
Interpublic Group COM 460690100 10821 251650 SH SOLE
Tyco International Ltd COM 902124106 10626 224300 SH SOLE
Biogen Inc COM 90597105 10275 159300 SH SOLE
American Express Co COM 25816109 10120 194150 SH SOLE
Tellabs Inc COM 879664100 9824 143550 SH SOLE
Morgan Stanley Dean Witter COM 617446448 9352 112335 SH SOLE
Citigroup Inc COM 172967101 8659 143725 SH SOLE
Clear Channel Comm COM 184502102 8033 107100 SH SOLE
Avery Dennison Corp COM 53611109 7548 112450 SH SOLE
WorldCom Inc COM 98157D106 7491 163300 SH SOLE
America Online Inc COM 02364J104 7234 137300 SH SOLE
Bristol-Myers Squibb COM 110122108 6929 118950 SH SOLE
Jones Pharma Inc COM 480236108 6907 172949 SH SOLE
BP Amoco Plc ADR COM 55622104 6693 118332 SH SOLE
Cardinal Health Inc COM 14149Y108 6379 86200 SH SOLE
Lowe's Companies COM 548661107 6330 154150 SH SOLE
Dycom Industries COM 267475101 6234 135525 SH SOLE
Texas Instruments COM 882508104 5832 84900 SH SOLE
Dell Computer Corp COM 247025109 5814 117900 SH SOLE
Tosco Corp COM 891490302 5810 205200 SH SOLE
New York Times Cl A COM 650111107 5720 144800 SH SOLE
American General Corp COM 26351106 5667 92900 SH SOLE
Illinois Tool Works COM 452308109 5627 98720 SH SOLE
Legg Mason Inc COM 524901105 5610 112200 SH SOLE
Schering-Plough COM 806605101 5583 110550 SH SOLE
Alcoa Inc COM 13817101 5568 192000 SH SOLE
Safeway Inc COM 786514208 5451 121135 SH SOLE
Emerson Electric Co COM 291011104 5047 83600 SH SOLE
CVS Corporation COM 126650100 4896 122400 SH SOLE
Chase Manhattan COM 16161A108 4854 105375 SH SOLE
SunGard Data Systems COM 867363103 4810 155150 SH SOLE
Eaton Vance Corp COM 278265103 4731 102300 SH SOLE
Dallas Semiconductor COM 235204104 4540 111400 SH SOLE
ResMed Inc COM 761152107 4382 163800 SH SOLE
CommScope Inc COM 203372107 4313 105200 SH SOLE
General Electric Co COM 369604103 3994 75350 SH SOLE
Symbol Technologies COM 871508107 3955 73237 SH SOLE
Insituform Technologies COM 457667103 3844 141700 SH SOLE
Florida Rock Indu COM 341140101 3798 106600 SH SOLE
Spartech Corp COM 847220209 3529 130700 SH SOLE
Corning Inc COM 219350105 3481 12900 SH SOLE
Copart Inc COM 217204106 3110 194400 SH SOLE
Henry (Jack) & Assoc COM 426281101 3033 60500 SH SOLE
BJ's Wholesale Club Inc COM 05548J106 2812 85200 SH SOLE
Techne Corporation COM 878377100 2795 21500 SH SOLE
Nortel Networks Corp COM 656568102 2771 40600 SH SOLE
Advent Software Inc COM 7974108 2522 39100 SH SOLE
Agilent Technologies Inc COM 00846U101 2475 33559 SH SOLE
MedImmune Inc COM 584699102 2420 32700 SH SOLE
Broadcom Corporation COM 111320107 2343 10700 SH SOLE
Cambrex Corporation COM 132011107 2151 47800 SH SOLE
Timberland Co Cl A COM 887100105 2124 30000 SH SOLE
JDS Uniphase Corp COM 46612J101 2110 17600 SH SOLE
Semtech Corp COM 816850101 2019 26400 SH SOLE
InFocus Corporation COM 45665B106 1931 60000 SH SOLE
ADC Telecom Inc COM 886101 1929 23000 SH SOLE
Target Corporation COM 8.76E+110 1908 32900 SH SOLE
Merck & Co Inc COM 589331107 1900 24800 SH SOLE
National Computer Systems COM 635519101 1822 37000 SH SOLE
MedQuist Inc COM 584949101 1778 52300 SH SOLE
Symantec Corp COM 871503108 1650 30600 SH SOLE
City National Corp COM 178566105 1529 44000 SH SOLE
CSG Systems International COM 126349109 1525 27200 SH SOLE
Pinnacle Systems Inc COM 723481107 1511 67200 SH SOLE
Applied Materials Inc COM 38222105 1495 16500 SH SOLE
Southdown Inc COM 841297104 1392 24100 SH SOLE
Energen Corporation COM 29265N108 1348 61800 SH SOLE
RF Micro Devices Inc COM 749941100 1341 15300 SH SOLE
Black Box Corporation COM 91826107 1322 16700 SH SOLE
Stone Energy Corp COM 861642106 1297 21700 SH SOLE
Johnson & Johnson COM 478160104 1280 12569 SH SOLE
Men's Wearhouse Inc COM 587118100 1238 55500 SH SOLE
Datascope Corp COM 238113104 1179 32750 SH SOLE
American Capital Strategies COM 24937104 1177 49300 SH SOLE
Acxiom Corporation COM 5125109 1172 43000 SH SOLE
Motorola Inc COM 620076109 1160 39900 SH SOLE
Anadigics Inc COM 32515108 1145 33600 SH SOLE
Donaldson Co COM 257651109 1118 56600 SH SOLE
AptarGroup Inc COM 38336103 1077 39900 SH SOLE
Mercury Computer System Inc COM 589378108 1047 32400 SH SOLE
Lucent Technologies COM 549463107 942 15900 SH SOLE
PolyMedica Corporation COM 731738100 939 21700 SH SOLE
Xircom Inc COM 983922105 926 19500 SH SOLE
Molecular Devices Corp COM 60851C107 872 12600 SH SOLE
Webster Financial Corp COM 947890109 859 38700 SH SOLE
Kronos Incorporated COM 501052104 616 23700 SH SOLE
Costco Wholesale Corp COM 22160K105 467 14158 SH SOLE
Exxon Mobil Corp COM 30231G102 434 5534 SH SOLE
</TABLE>
