UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
REPORT FOR THE QUARTER ENDED: MARCH 31, 2000
Report for the Calendar Year or Quarter Ended March, 2000
(Please read instructions before preparing form.)
If amended report check here: [ ]; Amendment Number:
This Amendemnt (Check only one): [ ] is a restatement
[ ] adds new holding entries.
Institutional Investment Manager filing this Report:
Name: Wafra Investment Advisory Group, Inc.
Address: 345 Park Avenue, 41st Floor, New York, NY 10154-
0101
13F File Number: 28-4268
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that that the person
signing this 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
the Form.
Person signing this Report on Behalf of Reporting Manager:
Name: Anthony G. Barbuto
Title: Chief Financial Officer
Phone: 212 759-3700
Signature, Place, and Date of Signing:
Anthony G. Barbuto New York, New York April 12, 2000
Report Type (Check only one.):
[ X ] 13 F Holdings Report
[ ] 13 F Notice
[ } 13 F Combination Report
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIIES EXCHANGE
ACT OF 1934
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other included Managers: 0
Form 13F Information Table Entry Total 177
Form 13F Information Table Value Total: $514,206
<TABLE> <C> <C>
FORM 13F
(SEC USE ONLY)
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Name of Reporting Manager
Item 6:
Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
Voting Authority Shares
Title Fair Shares of (a) Sole(b) Shar(c) SharManagers
Name of Issuer of ClassCusip NoMarket VPrincipal As Defin Other See
Inst(a) Sole(b) Shar(c) None
in Instr. V
A T & T Corp. COM 00195710####### 127,750 8.5 X Wafra I
X
AT&T Corp.-Liber COM 00195720####### 17,000 X Wafra In
X
ATMI Inc. COM 00207R10####### 24,000 75.5625 X Wafra I
X
Ac Moore Arts & COM 00086T10####### 60,000 34.5 X Wafra I
X
Advanced Digital COM 00752510####### 33,000 26.8125 X Wafra I
X
Aflac Inc. COM 00105510####### 21,000 X Wafra In
X
America Online I COM 02364J10####### 161,300 X Wafra In
X
American Express COM 02581610####### 38,400 21 X Wafra I
X
American Interna COM 02687410####### 84,925 X Wafra In
X
American Managem COM 02735210####### 22,000 15.5 X Wafra I
X
Amgen Inc. COM 03116210####### 104,800 1 X Wafra I
X
Apache Corp. COM 03741110####### 50,800 3.625 X Wafra I
X
Applied Material COM 03822210####### 101,000 X Wafra In
X
Applied Science COM 03823610####### 12,000 X Wafra In
X
Aptargroup COM 03833610####### 31,200 4.4375 X Wafra I
X
Atlas Air Inc. COM 04916410####### 25,000 X Wafra In
X
Bank of America COM 06050510####### 123,200 77.625 X Wafra I
X
Bea Systems COM 07332510####### 11,000 7.875 X Wafra I
X
Bestfoods COM 08658U10####### 67,600 X Wafra In
X
Bidhit.Com Inc COM 08883R20$42,500 20,000 40.75 X Wafra I
X
Boston Communica COM 10058210####### 42,300 15.25 X Wafra In
X
Bradlees Inc. COM 10449920####### 51,500 37.31 X Wafra I
X
Bristol-Myers Sq COM 11012210####### 116,600 X Wafra In
X
Broadwing Inc. COM 11162010####### 23,000 23.1875 X Wafra I
X
Butler Int'l Inc COM 12364910####### 66,650 14.625 X Wafra I
X
CK Witco Corpora COM 12562C10####### 25,000 64.25 X Wafra I
X
CVS Corp. COM 12665010####### 124,400 9.25 X Wafra I
X
Cabot Oil & Gas COM 12709710####### 36,200 42.25 X Wafra I
X
Carey Internatio COM 14175010####### 10,000 9.12 X Wafra I
X
Centurytel Inc. COM 15670010####### 77,200 3.5 X Wafra I
X
Chase Manhattan COM 16161A10####### 82,100 9.37 X Wafra I
X
Chevron Corp. COM 16675110####### 54,600 13 X Wafra I
X
Ciber Inc. COM 17163B10####### 33,000 16.375 X Wafra I
X
Cisco Systems In COM 17275R10####### 336,000 X Wafra In
X
Citigroup Inc COM 17296710####### 200,000 16 X Wafra I
X
Clearnet Communi COM 18490210####### 19,000 X Wafra In
X
Cnet Networks In COM 12613R10####### 31,100 X Wafra I
X
Coastal Corp. COM 19044110####### 107,600 X Wafra In
X
Coca-Cola Compan COM 19121610####### 68,500 2.37 X Wafra I
X
Colgate-Palmoliv COM 19416210####### 85,700 37.9375 X Wafra I
X
Computer Horizon COM 20590810####### 65,000 6.25 X Wafra I
X
Core Laboratorie COM N2271710####### 52,600 X Wafra In
X
Cornell Correcti COM 21914110####### 57,500 18.25 X Wafra I
X
Countrywide Cred COM 22237210####### 28,500 38 X Wafra I
X
Dell Computer Co COM 24702510####### 11,000 13.5 X Wafra I
X
Dendrite Interna COM 24823910####### 36,000 42.19 X Wafra I
X
Digital River In COM 25388B10####### 26,000 11 X Wafra I
X
Dover Corporatio COM 26000310####### 98,400 30 X Wafra I
X
Dow Chemical COM 26054310####### 42,500 X Wafra In
X
E Trade Group In COM 26924610####### 26,000 20.4375 X Wafra I
X
EMC Corp/Mass COM 26864810####### 66,000 47.75 X Wafra I
X
Emachines Inc. COM 29076P10####### 125,000 15.75 X Wafra I
X
Enron Corp. COM 29356110####### 53,900 X Wafra In
X
Eon Communicatio COM 26876310####### 41,000 X Wafra In
X
Equitable Resour COM 29454910####### 21,100 X Wafra In
X
Exchange Applica COM 30086710####### 14,000 4.25 X Wafra I
X
Express Scripts COM 30218210####### 15,000 10.3125 X Wafra I
X
Extended Stay Am COM 30224P10####### 15,000 4.875 X Wafra I
X
Exxon Mobil Corp COM 30231G10####### 137,199 7.625 X Wafra I
X
FPL Group Inc. COM 30257110####### 74,500 X Wafra In
X
Fannie Mae COM 31358610####### 113,200 11.625 X Wafra I
X
Federal Agric MT COM 31314830####### 57,000 22.1875 X Wafra I
X
Federated Depart COM 31410H10####### 97,600 6.625 X Wafra I
X
Flow Intl Corp. COM 34346810####### 52,000 7.25 X Wafra I
X
GTE Corp. COM 36232010####### 85,600 46.25 X Wafra I
X
Gannett Co. COM 36473010####### 55,000 48.19 X Wafra I
X
General Electric COM 36960410####### 129,500 10.5 X Wafra I
X
Hasbro Inc. COM 41805610####### 136,600 X Wafra I
X
Healthsouth Corp COM 42192410####### 115,000 7.125 X Wafra I
X
Heico Corp-Cl A COM 42280620####### 50,000 23.5 X Wafra I
X
Hewlett-Packard COM 42823610####### 24,300 29.4375 X Wafra I
X
Home Depot Inc. COM 43707610####### 143,900 44.375 X Wafra I
X
Horizon Organic COM 44043T10####### 65,000 X Wafra I
X
Household Int'l COM 44181510####### 111,500 X Wafra I
X
Hyseq Inc. COM 44916330####### 18,900 50.875 X Wafra I
X
ICOS Corporation COM 44929510####### 17,000 X Wafra I
X
IXL Enterprises COM 45071810####### 25,000 21.125 X Wafra I
X
Immunex Corp. COM 45252810####### 13,500 25.0625 X Wafra I
X
Ingersoll-Rand C COM 45686610####### 65,200 9.25 X Wafra I
X
Inktomi Corp. COM 45727710####### 13,700 4.9375 X Wafra I
X
Int'l Business M COM 45920010####### 78,500 10.125 X Wafra I
X
Integrated Devic COM 45811810####### 24,000 5.125 X Wafra I
X
Intel Corp. COM 45814010####### 173,400 X Wafra I
X
Internet Picture COM 45839N10####### 24,000 X Wafra I
X
Intersil Holding COM 46069S10####### 11,000 X Wafra I
X
JDS Uniphase Cor COM 46612J10####### 17,300 20 X Wafra I
X
Johnson & Johnso COM 47816010####### 81,100 62.5625 X Wafra I
X
Keebler Foods Co COM 48725610####### 29,000 4.5625 X Wafra I
X
Keystone Automot COM 49338N10####### 100,000 X Wafra I
X
Kroll O'Gara Com COM 50105010####### 64,000 41 X Wafra I
X
Lands End COM 51508610####### 13,100 X Wafra I
X
Lendingtree Inc. COM 52602Q10####### 62,000 17.9375 X Wafra I
X
Lilly (Eli) & Co COM 53245710####### 50,300 22.75 X Wafra I
X
Lucent Technolog COM 54946310####### 103,400 42.625 X Wafra I
X
Lycos Inc. COM 55081810####### 10,000 17.9375 X Wafra I
X
MCI Worldcom Inc COM 55268B10####### 135,950 42.625 X Wafra I
X
Marchfirst Inc. COM 96683410####### 25,000 22.75 X Wafra I
X
Matthew Int'l Co COM 57712810####### 31,800 42.625 X Wafra I
X
Merck & Co. Inc. COM 58933110####### 64,600 20.875 X Wafra I
X
Metris Companies COM 59159810####### 24,000 17.9375 X Wafra I
X
Microsoft Corp. COM 59491810####### 185,400 20.875 X Wafra I
X
Microtouch Syste COM 59514510####### 31,500 11.5 X Wafra I
X
Moog Inc -CL A COM 61539420####### 24,500 X Wafra I
X
Morgan St Dean W COM 61744644####### 110,600 X Wafra I
X
Motorola Inc. COM 62007610####### 43,800 X Wafra I
X
Mutual Risk Mana COM 62835110####### 10,000 X Wafra I
X
National Info Co COM 63649110####### 15,000 X Wafra I
X
Net Bank Inc COM 64093310####### 19,800 X Wafra I
X
Netpliance Inc. COM 64115K10####### 17,000 X Wafra I
X
Netratings Inc. COM 64116M10####### 29,000 X Wafra I
X
Nextcard Inc. COM 65332K10####### 41,500 X Wafra I
X
Nike Inc. COM 65410610####### 80,100 X Wafra I
X
OLin Corp COM 68066520####### 50,000 X Wafra I
X
OM Group Inc. COM 67087210####### 23,400 X Wafra I
X
Ocean Energy Inc COM 67481E10####### 67,000 X Wafra I
X
Onvia.Com COM 68338T10####### 16,000 X Wafra I
X
Oracle Corporati COM 68389X10####### 119,100 X Wafra I
X
Orbital Sciences COM 68556410####### 25,000 X Wafra I
X
Orthofix Int'l N COM N6748L10####### 53,300 X Wafra I
X
PRI Automation COM 69357H10####### 14,400 X Wafra I
X
Pathogenesis Cor COM 70321E10####### 20,000 X Wafra I
X
Patterson Energy COM 70341410####### 20,000 X Wafra I
X
Pendaries Petrol COM 70690510$32,500 10,000 X Wafra I
X
Pepsico Inc. COM 71344810####### 110,500 X Wafra I
X
Pfizer Inc. COM 71708110####### 143,600 X Wafra I
X
Phillip Morris C COM 71815410####### 151,800 X Wafra I
X
Plantronics Inc. COM 72749310####### 10,500 X Wafra I
X
Pride Internatio COM 74193210####### 15,000 X Wafra I
X
Princeton Video COM 74247610####### 123,752 X Wafra I
X
Procter & Gamble COM 74271810####### 70,100 X Wafra I
X
QLT Phototherape COM 74692710####### 10,000 X Wafra I
X
QuickSilver Inc. COM 74838C10####### 42,500 X Wafra I
X
Radian Group Inc COM 75023610####### 22,000 X Wafra I
X
Radisys Corp. COM 75045910####### 12,000 X Wafra I
X
Ralston-Ralston COM 75127730####### 30,000 X Wafra I
X
Reinsurance Grou COM 75935110####### 10,500 X Wafra I
X
Rhythms Netconne COM 76243020####### 14,500 X Wafra I
X
Rohm & Haas Co. COM 77537110####### 37,800 X Wafra I
X
S1 Corporation COM 78463B10####### 14,600 X Wafra I
X
SBC Communicatio COM 78387G10####### 188,100 X Wafra I
X
Safeway Inc. COM 78651420####### 152,100 X Wafra I
X
Saks Inc. COM 79377W10####### 393,827 X Wafra I
X
Schlumberger Ltd COM 80685710####### 49,500 X Wafra I
X
Signal Technolog COM 82667510####### 41,800 X Wafra I
X
Silicon Storage COM 82705710####### 27,000 X Wafra I
X
Skillsoft Corpor COM 83066P10####### 16,500 X Wafra I
X
Southwest Airlin COM 84474110####### 208,950 X Wafra I
X
Spectrasite Hold COM 84760T10####### 10,000 X Wafra I
X
Sprint Corp (Fon COM 85206110####### 29,800 X Wafra I
X
Starbucks Corp. COM 85524410####### 24,000 X Wafra I
X
Starmedia Networ COM 85554610####### 29,500 X Wafra I
X
Stillwater Minin COM 86074Q10####### 17,500 X Wafra I
X
Student Advantag COM 86386Q10####### 20,000 X Wafra I
X
Sun Microsystems COM 86681010####### 91,900 X Wafra I
X
Tarrant Apparel COM 87628910####### 32,500 X Wafra I
X
Tellabs Inc. COM 87966410####### 86,900 X Wafra I
X
Texas Instrument COM 88250810####### 67,400 X Wafra I
X
Textron Inc. COM 88320310####### 69,400 X Wafra I
X
Time Warner Inc. COM 88731510####### 36,700 X Wafra I
X
Titan Corp. COM 88826610####### 19,000 X Wafra I
X
Titan Exploratio COM 88828910####### 25,000 X Wafra I
X
Transmedia Netwo COM 89376730####### 29,600 X Wafra I
X
Tyco Internation COM 90212410####### 142,600 X Wafra I
X
USX-Marathon Gro COM 90290582####### 120,000 X Wafra I
X
Unisys Corp COM 90921410####### 30,000 X Wafra I
X
United Technolog COM 91301710####### 13,800 X Wafra I
X
Universal Access COM 91336310####### 10,000 X Wafra I
X
Universal Food C COM 91353810####### 45,000 X Wafra I
X
Viad Corp. COM 92552R10####### 30,000 X Wafra I
X
Vicinity Corp. COM 92565310####### 22,000 X Wafra I
X
Vintage Petroleu COM 92746010####### 45,300 X Wafra I
X
Wal-Mart Stores COM 93114210####### 218,800 X Wafra I
X
Warner-Lambert C COM 93448810####### 74,400 X Wafra I
X
Web Street Inc. COM 94733610####### 65,000 X Wafra I
X
Wendy's Int'l In COM 95059010####### 140,300 X Wafra I
X
Weyerhaeuser Co. COM 96216610####### 88,600 X Wafra I
X
Williams Co. COM 96945710####### 21,000 X Wafra I
X
Winstar Communic COM 97551510####### 14,000 X Wafra I
X
Column Total ####### #######
</TABLE>
