UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13-F
FORM 13-F COVERPAGE
REPORT FOR THE CALENDAR QUARTER ENDED: MARCH 31, 2000
CHECK HERE IF AMENDMENT [ ]; AMENDMENT NUMBER:
THIS AMENDMENT (CHECK ONE): [ ] IS A RESTATEMENT
[ ] ADDS NEW HOLDING ENTRIES
INSTITUTIONAL INVESTMENT MANAGER FILING THIS REPORT:
NAME: GSB INVESTMENT MANAGEMENT
ADDRESS: 301 COMMERCE STREET, SUITE 2001
FORT WORTH, TEXAS 76102
13F FILE NUMBER: 28-3880
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 TO THE BEST OF THAT PERSON'S KNOWLEDGE, AND THAT IT IS UNDERSTOOD THAT
ALL REQUIRED ITEMS, STATEMENTS, SCHEDULES, LISTS, AND TABLES, ARE CONSIDERED
INTEGRAL PARTS OF THIS FORM.
PERSON SIGNING REPORT ON BEHALF OF REPORTING MANAGER:
NAME: DAVID W. GANUCHEAU, CFA
TITLE: EQUITIES ANALYST, TRADER
PHONE: 817-332-9915
SIGNATURE, PLACE, AND DATE OF SIGNING:
DAVID W. GANUCHEAU FORT WORTH, TEXAS JUNE 21, 2000
REPORT TYPE (CHECK ONLY ONE):
[X] 13 F HOLDINGS REPORT
[ ] 13 F NOTICE
[ ] 13 F COBINATION REPORT
LIST OF OTHER MANAGERS REPORTING FOR THIS MANAGER:
NONE.
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES AND EXCHANGE ACT OF
1934.
<PAGE>
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 53 ENTRIES
FORM 13F INFORMATION TABLE VALUE TOTAL: $540,131
LIST OF OTHER MANAGERS:
NONE.
<PAGE>
<TABLE>
GSB Investment Management, Inc.
FORM 13F
March 31, 2000
<S> <C>
Voting Authority
<C> --------------------------
Value Shares/ Sh/ Put/ Invstmt Other
Name of Title ofCUSIP (x$1000)Prn Amt Prn Call Dscretn ManagersSole Shared None
------------------------------------------- ---- ------- --------------------------------
ACE LTD G0070K10 14476 632838SH Sole 321480 250 313833
775 33875SH Other 1825 32050
AMERICAN GRTGS A02637510 5160 282761SH Sole 17525 265936
514 28150SH Other 1700 26450
AMERICAN HOME PR02660910 17959 334112SH Sole 192762 225 142580
361 6710SH Other 225 6485
BECTON DICKINSON07588710 13812 524935SH Sole 256775 425 270560
875 33255SH Other 2225 31030
BELO CORP 08055510 82 4600SH Sole 4600
136 7600SH Other 2900 4700
BEMIS COMPANY 08143710 5794 157128SH Sole 12370 145208
715 19400SH Other 19400
BERKSHIRE HATHAW08467010 229 4SH Sole 4
BESTFOODS 08658u10 428 9140SH Sole 8280 860
77 1650SH Other 1650
BRISTOL-MYERS 11012210 6609 113945SH Sole 103490 120 10575
251 4320SH Other 120 4200
BROWN-FORMAN A 11563710 191 3695SH Sole 3695
103 2000SH Other 2000
BROWN-FORMAN B 11563720 4199 77135SH Sole 56665 200 20770
90 1660SH Other 1000 660
CENDANT CORP 15131310 26184 1415378SH Sole 820350 875 599443
1353 73155SH Other 4325 68830
CITIGROUP INC 17296710 23471 392006SH Sole 227955 250 165431
1256 20975SH Other 1450 19525
DOVER CORP 26000310 20922 437017SH Sole 249520 250 189272
490 10225SH Other 1725 8500
EMERSON ELECTRIC29101110 19143 360333SH Sole 207630 185 153888
921 17335SH Other 1090 16245
EXXON MOBIL CORP30231g10 213 2732SH Sole 2732
FINL SEC ASSR HD31769p10 3155 42961SH Sole 3975 38986
629 8570SH Other 500 8070
FIRST NATL BK AN32238710 2789 3116SH Sole 2621 495
5 6SH Other 6
FIRST UNION 33735810 14660 393544SH Sole 238675 230 156634
817 21940SH Other 690 21250
FREDDIE MAC 31340030 15874 359246SH Sole 208770 225 151951
977 22120SH Other 1200 20920
GANNETT CO INC 36473010 16747 237966SH Sole 150420 175 88596
1012 14375SH Other 875 13500
GENERAL ELECTRIC36960410 570 3665SH Sole 3510 155
GILLETTE CO 37576610 3020 80140SH Sole 63390 185 16935
105 2785SH Other 185 2600
GRAINGER, W W 38480210 125 2300SH Sole 2300
835 15390SH Other 15390
HASBRO, INC 41805610 8921 534569SH Sole 307436 325 229278
621 37239SH Other 2012 35227
HONEYWELL INTL 43851610 20471 388531SH Sole 223118 243 166817
1054 20002SH Other 1508 18494
JOHNSON & JOHNSO47816010 14881 211831SH Sole 127322 125 85249
731 10400SH Other 125 10275
KAYDON CORP COM 48658710 4095 149942SH Sole 11725 138767
492 18010SH Other 900 17110
KIMBERLY-CLARK 49436810 19941 355701SH Sole 204520 210 152406
1110 19800SH Other 1185 18615
LEGGETT & PLATT 52466010 18111 842364SH Sole 489375 510 356439
824 38315SH Other 2585 35730
LILLY, ELI & CO 53245710 15561 248485SH Sole 148205 170 101175
855 13645SH Other 895 12750
LUCENT TECHNOLOG54946310 343 5602SH Sole 4652 950
MATTEL INC 57708110 7851 747670SH Sole 413015 475 337855
475 45230SH Other 2425 42805
MBIA INC 55262c10 15163 291254SH Sole 163935 185 128569
579 11115SH Other 635 10480
MCDONALDS CORP 58013510 5718 153000SH Sole 120700 300 32750
225 6025SH Other 300 5725
MERCK & CO INC 58933110 17381 279775SH Sole 162905 175 117785
926 14905SH Other 900 14005
NEWELL RUBBERMAI65122910 18060 727868SH Sole 424970 475 305588
919 37050SH Other 2400 34650
OLD REPUBLIC INT68022310 275 19964SH Sole 16236 3963
116 8418SH Other 487 7931
PEPSICO INC 71344810 14205 407305SH Sole 277105 325 131485
346 9935SH Other 1650 8285
PHILIP MORRIS 71815410 10269 486110SH Sole 226693 410 260067
492 23305SH Other 2660 20645
PITTSTON BRKS GR72570110 71 4200SH Sole 4200
380 22350SH Other 1500 20850
PROCTER & GAMBLE74271810 15416 272855SH Sole 164465 175 109350
672 11900SH Other 175 11725
RAYTHEON CO CL A75511130 4671 248295SH Sole 125 248170
RENAISSANCERE g7496g10 27 650SH Sole 650
576 14100SH Other 14100
SARA LEE CORP 80311110 16853 936286SH Sole 530695 625 409041
860 47765SH Other 1760 46005
SBC COMMNCTNS 78387g10 9527 226163SH Sole 204255 245 23278
163 3880SH Other 245 3635
TEXTRON INC 88320310 13716 225318SH Sole 134250 120 92003
777 12770SH Other 845 11925
TRIBUNE CO 89604710 212 5800SH Sole 5800
TYCO INTL LTD NE90212410 21061 420160SH Sole 240060 275 181915
1149 22915SH Other 1375 21540
WELLS FARGO & CO94974610 19468 477743SH Sole 276265 285 203368
1007 24715SH Other 865 23850
WHITE MOUNTAINS g9618e10 2870 21395SH Sole 6450 14980
52 390SH Other 200 190
DUPONT 26353410 635 12000SH Sole 12000
EXXON MOBIL CORP30231g10 623 8000SH Sole 8000
KINDER MORGAN EN49455010 221 5560SH Sole 5560
REPORT S 99DATA REC 540131 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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