<PAGE> 1
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, 2000
Check here if Amendment [ ]; Amendment Number: ________
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Ariel Capital Management, Inc.
Address: 307 N. Michigan Ave.
Suite 500
Chicago, IL 60607
Form 13F File Number: 28-04003
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: Cheryl Cargie
Title: Vice President/Head Trader
Phone: 312-726-0140
Signature, Place, and Date of Signing:
/s/ Cheryl Cargie Chicago, IL 10/4/00
----------------------- ----------------------------- ----------------------
[Signature] [City, State] [Date]
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28-_____________ _________________________________________
[Repeat as necessary.]
<PAGE> 2
FORM 13F
SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
-----------------------
Form 13F Information Table Entry Total: 92
-----------------------
Form 13F Information Table Value Total: $ 4,243,982,000
-----------------------
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column
headings and list entries.]
No. Form 13F File Number Name
None
----- ------------------- ------------------------
[Repeat as necessary.]
<PAGE> 3
PORTVUE-SEC13F.LRP PAGE 1
RUN DATE: 10/19/00 1:2 4 P.M.
ARIEL CAPITAL MANAGEMENT
DISCRETIONARY OWNERSHIP FOR 13F
AS OF DATE: 09/30/00
<TABLE>
<CAPTION>
(ITEM 1) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT VOTING AUTHORITY
DISCRETION (SHARES)
---------- ---------- ------------- --------
NAME TITLE FAIR SHARES OR SHARED
OF OF CUSIP MARKET PRINCIPAL SOLE SHARED OTHER SOLE SHARED NONE
ISSUER CLASS NUMBER VALUE AMOUNT (A) (B) (C) MGR (A) (B) (C)
---------------------- ------ --------- ------------ --------- ---- --- ------- ---------- ------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ACNIELSEN CORP COM COMMON 4833109 91,661,974 3,839,245 X 3,627,145 0 212,100
ALBERTSONS INC COM COMMON 13104104 22,802,220 1,085,820 X X X 882,345 260 203,215
ALLERGAN INC COMMON 18490102 4,372,244 51,800 X X 17,000 34,800 0
AMERICAN GREETINGS CO COMMON 26375105 19,549,005 1,117,086 X X 883,016 14,870 219,200
AMERICAN MEDIA INC CL COMMON 02744L100 0 2,791,390 X X 1,857,740 301,800 631,850
ANGELICA CORP COMMON 34663104 7,968,453 822,550 X X 584,955 9,445 228,150
ARMOR ALL PRODS CORP COMMON 42256107 0 1,132,795 X X 709,370 14,625 408,800
AVERY DENNISON CORP C COMMON 53611109 23,838,605 514,040 X X X 421,475 155 92,410
BANTA CORP. COMMON 66821109 707,789 29,038 X 29,038 0 0
BAUSCH & LOMB INC COMMON 71707103 57,278,815 1,471,045 X X 1,318,895 950 151,200
BERGEN BRUNSWIG CORP COMMON 83739102 46,286,784 3,960,367 X X 2,284,046 44,034 1,632,287
BLOCK H & R INC COM COMMON 93671105 26,361,074 711,260 X X X 585,120 160 125,980
BOB EVANS FARMS COMMON 96761101 178,955,588 9,673,275 X X X 8,497,099 417,940 758,236
BORG-WARNER SEC CORP COMMON 99733107 0 155,860 X X 102,135 53,725 0
BRADY CORP COMMON 104674106 163,020,426 5,389,105 X X 4,814,030 348,200 226,875
C C H INC COMMON 124883109 0 589,140 X X 300,440 8,000 280,700
CAESARS WORLD INC COMMON 127695104 0 64,790 X X 57,050 640 7,100
CARDINAL HEALTH INC C COMMON 14149Y108 925,969 10,500 X 10,500 0 0
CARNIVAL CRUISE LINE COMMON 143658102 30,247,626 1,228,330 X X X 986,895 295 241,140
CENTRAL NEWSPAPERS IN COMMON 154647101 0 2,527,880 X X 1,553,800 385,900 588,180
CENTRAL SPRINKLER COMMON 155184104 0 184,315 X X 178,090 6,225 0
CENTURY TEL ENTERPRIS COMMON 156686107 0 134,100 X X 14,625 119,475 0
CENTURYTEL, INC COMMON 156700106 44,687,820 1,639,920 X X X 1,349,615 360 289,945
CLOROX CO COMMON 189054109 140,079,798 3,540,722 X X X 2,298,002 33,095 1,209,625
COMPUTER ASSOC INTL I COMMON 204912109 286,189 11,306 X 11,306 0 0
DAY RUNNER INC COM COMMON 239545106 0 187,600 X X 60,700 126,900 0
DEPARTMENT 56 INC COM COMMON 249509100 47,159,819 3,576,100 X X 3,268,600 224,100 83,400
DEVRY INC COM COMMON 251893103 126,097,930 3,351,440 X 2,283,440 39,600 1,028,400
DIAL CORP NEW COM COMMON 25247D101 89,904,495 7,733,720 X 7,342,845 0 390,875
DII GROUP INC COM COMMON 232949107 0 66,200 X 66,200 0 0
DONNELLEY R R & SONS COMMON 257867101 1,822,537 74,200 X 12,600 0 61,600
DUFF & PHELPS CR RATI COMMON 26432F109 0 169,080 X X 87,082 4,575 77,423
DUN AND BRADSTREET WI COMMON 7260140WI 722,997 42,500 X 40,300 0 2,200
DUN & BRADSTREET COMMON 26483B106 26,164,407 759,765 X X X 623,685 170 135,910
ECOLAB INC COM COMMON 278865100 121,809,749 3,377,740 X X 1,936,740 139,900 1,301,100
ENESCO GROUP INC COM COMMON 292973104 671,865 114,360 X 114,360 0 0
EQUIFAX INC COMMON 294429105 46,788,687 1,736,935 X X X 1,432,005 7,000 297,930
FILENES BASEMENT CORP COMMON 316866102 48 12,400 X 12,400 0 0
FIRST BRAND COMMON 319356101 0 2,527,180 X X 1,596,630 30,160 900,390
FLEMING COS INC COMMON 339130106 706,812 54,110 X X 51,685 2,425 0
FORTUNE BRANDS INC CO COMMON 349631101 26,140,925 986,450 X X X 808,265 125 178,060
FRANKLIN RES INC COM COMMON 354613101 36,697,403 825,960 X X X 679,980 195 145,785
FURNITURE BRANDS INTL COMMON 360921100 3,082,275 185,400 X 185,400 0 0
GALILEO INTL INC COM COMMON 363547100 320,850 20,700 X 20,000 0 700
GALLAGHER ARTHUR J & COMMON 363576109 9,733,749 164,630 X X 44,460 119,800 370
</TABLE>
<PAGE> 4
PAGE 2
~PORTVUE-SEC13F.LRP
RUN DATE: 10/19/00 1:2 4 P.M.
ARIEL CAPITAL MANAGEMENT
DISCRETIONARY OWNERS
AS OF DATE: 09/30/00
<TABLE>
<CAPTION>
(ITEM 1) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT VOTING AUTHORITY
DISCRETION (SHARES)
---------- ---------- ------------- --------
NAME TITLE FAIR SHARES OR SHARED
OF OF CUSIP MARKET PRINCIPAL SOLE SHARED OTHER SOLE SHARED NONE
ISSUER CLASS NUMBER VALUE AMOUNT (A) (B) (C) MGR (A) (B) (C)
---------------------- ------ --------- ------------ --------- --- --- --- --- ---------- ------------ --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
GENERAL BINDING CORP COMMON 369154109 36,994,106 5,016,150 X X 4,088,740 251,085 676,325
GOLDEN BOOKS FMLY ENT COMMON 380804104 0 24,300 X 24,300 0 0
GRACO INC COM COMMON 384109104 109,448,787 3,367,655 X X 3,190,830 34,000 142,825
GREY ADVERTISING INC COMMON 397838103 0 11,865 X X 5,465 6,400 0
GREY GLOBAL GRP COMMON 39787M108 145,469,477 234,711 X 225,041 0 9,670
HANDLEMAN CO DEL COMMON 410252100 1,568,779 126,770 X X 119,670 7,100 0
HARTE-HANKS COMM, INC COMMON 416196103 91,504,682 3,357,970 X X X 2,409,105 18,550 930,315
HASBRO BRADLEY INC COMMON 418056107 200,842,893 17,560,034 X X X 15,140,086 556,689 1,863,260
HCC INS HLDGS INC COM COMMON 404132102 118,626,930 5,840,095 X 5,567,745 0 272,350
HORACE MANN EDUCATORS COMMON 440327104 117,751,479 7,190,930 X 6,855,130 0 335,800
HOUGHTON MIFFLIN CO COMMON 441560109 41,874,844 1,066,875 X X X 880,015 245 186,615
HUNT CORP COM COMMON 445591100 15,096,771 2,118,845 X X 2,034,145 52,100 32,600
HUNT MFG CO COMMON 445636103 0 827,015 X X 518,800 14,765 293,450
HUSSMANN INTL INC COM COMMON 448110106 0 371,240 X X 197,415 172,900 925
IDEX CORP COM COMMON 45167R104 118,786,199 4,251,855 X X 3,840,955 244,800 166,100
INTERFACE, INC. CL A COMMON 458665106 109,883,245 13,789,270 X X 11,764,670 903,000 1,121,600
INTERNATIONAL GAME TE COMMON 459902102 262,356,372 7,802,420 X X X 6,872,010 411,440 518,970
INTERPUBLIC GROUP COS COMMON 460690100 5,037,844 147,900 X 147,900 0 0
INTL BUSINESS MACHINE COMMON 459200101 4,506,802 40,016 X X 16 40,000 0
INVACARE CORP COM COMMON 461203101 59,158,348 1,841,505 X 1,740,005 0 101,500
JOHNSON WORLDWIDE ASS COMMON 479254104 0 584,045 X X 352,275 7,220 224,550
JOSTENS INC COMMON 481088102 0 99,425 X X 92,900 6,525 0
JUNO LTG INC COMMON 482047107 0 80,200 X X 74,200 6,000 0
LEE ENTERPRISES INC C COMMON 523768109 246,673,061 8,542,790 X X X 7,610,075 349,750 582,965
LEGGETT & PLATT INC COMMON 524660107 181,330,002 11,467,510 X X X 9,653,160 325,675 1,488,675
LIBBEY INC COM COMMON 529898108 117,139,716 3,763,525 X X 3,269,330 273,200 220,995
LITTELFUSE INC COM COMMON 537008104 103,816,000 3,496,960 X X 3,027,960 309,600 159,400
LONGS DRUG STORES INC COMMON 543162101 162,420,975 8,492,600 X X X 6,820,755 259,530 1,412,315
MATTHEWS INTL CORP CL COMMON 577128101 26,261,838 894,020 X 847,520 0 46,500
MBIA INC COMMON 55262C100 332,511,153 4,675,025 X X X 3,827,585 201,740 645,700
MBNA CORP COM COMMON 55262L100 57,499,033 1,493,481 X X X 1,236,176 315 256,990
MCCLATCHY CO CL A COMMON 579489105 27,220,522 773,585 X X X 642,680 190 130,715
MCCORMICK & CO INC NO COMMON 579780206 225,018,736 7,563,655 X X X 6,333,710 281,425 948,520
MELLON BANK CORP COMMON 585509102 0 48,057 X X 38,551 9,506 0
MERRYLAND & INVESTMEN COMMON 590438107 0 291,750 X 185,150 0 106,600
MIDAS GROUP INC COM COMMON 595626102 168,467 12,033 X 12,033 0 0
MILLER HERMAN INC COMMON 600544100 356,876,786 11,130,660 X X X 9,090,905 289,325 1,750,430
MORRISON RESTAURANTS COMMON 618477103 0 23,400 X 23,400 0 0
MORTON INTL IND INC COMMON 619331101 0 26,300 X 26,300 0 0
NELSON THOMAS INC COM COMMON 640376109 600,144 73,300 X 73,300 0 0
NEWELL COS INC COMMON 651192106 0 95,358 X 95,358 0 0
NEWELL RUBBERMAID INC COMMON 651229106 41,237,016 1,807,650 X X X 1,499,370 425 307,855
NORTHERN TRUST CORP COMMON 665859104 179,356,860 2,018,080 X X 1,419,160 55,720 543,200
OIL DRI CORP AMER COMMON 677864100 2,008,781 229,575 X X 180,600 6,475 42,500
OMNICOM GROUP COM COMMON 681919106 141,918,870 1,945,760 X X 1,100,800 33,160 811,800
</TABLE>
<PAGE> 5
PAGE 3
~PORTVUE-SEC13F.LRP
RUN DATE: 10/19/00 1:2 4 P.M.
ARIEL CAPITAL MANAGEMENT
DISCRETIONARY OWNERSHIP FOR 13F
AS OF DATE: 09/30/00
<TABLE>
<CAPTION>
(ITEM 1) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT VOTING AUTHORITY
DISCRETION (SHARES)
----------- ------------ ------------- --------
NAME TITLE FAIR SHARES OR SHARED
OF OF CUSIP MARKET PRINCIPAL SOLE SHARED OTHER SOLE SHARED NONE
ISSUER CLASS NUMBER VALUE AMOUNT (A) (B) (C) MGR (A) (B) (C)
---------------------- ------ --------- ------------ --------- --- --- --- -- ----------- ------------ --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ORION CAP CORP COM COMMON 686268103 0 146,100 X 0 146,100 0
OSHKOSH B GOSH INC CL COMMON 688222207 6,487,449 426,280 X X 403,220 23,060 0
PAYLESS CASHWAYS, INC COMMON 704378306 0 2,498,955 X X 1,727,555 19,055 752,345
PHOENIX DUFF & PHELPS COMMON 718924103 0 603,925 X X 340,800 13,725 249,400
PHOENIX DUFF & PHELPS CONVERT 718924202 0 55,468 X X 38,026 1,372 16,070
PHOENIX INVT PARTNERS COMMON 719085102 7,223,542 466,035 X 466,035 0 0
PITNEY BOWES INC COMMON 724479100 37,707,771 956,140 X X X 786,865 215 169,060
PRICE T ROWE & ASSOC COMMON 741477103 177,558,977 3,782,881 X X X 2,647,881 153,490 981,510
ROLLINS INC COMMON 775711104 1,761,206 118,900 X 118,900 0 0
ROUSE CO. COMMON 779273101 273,937,340 10,984,956 X X X 9,122,595 523,705 1,338,656
RPM INC OHIO COMMON 749685103 64,468,764 7,065,070 X 6,697,070 0 368,000
RUSSELL CORP COMMON 782352108 18,912,681 1,191,350 X X 703,150 14,525 473,675
SAFETY KLEEN CORP COMMON 786484105 0 702,665 X 512,915 0 189,750
SCHOLASTIC CORP COMMON 807066105 232,322 2,920 X 0 2,920 0
SEALRIGHT INC COMMON 812138105 0 954,030 X X 519,070 16,060 418,900
SEI CORP COMMON 784117103 21,607,050 305,400 X 305,400 0 0
SERVICEMASTER CO COM COMMON 81760N109 119,345,991 12,085,670 X X X 11,223,485 545 861,640
SHOREWOOD PACKAGING C COMMON 825229107 0 3,329,058 X X 1,744,110 540,865 1,044,083
SMUCKER J M CO CL B N COMMON 832696207 0 36,400 X 36,400 0 0
SMUCKER J M CO COM COMMON 832696306 26,965,602 1,109,125 X 1,044,025 0 65,100
SOTHEBY HLDGS INC CL COMMON 835898107 5,201,660 209,375 X 209,375 0 0
SPECIALTY EQUIP COS I COMMON 847497203 187,770,903 7,605,910 X X X 6,581,580 460,500 563,830
STANHOME INC VTG COM COMMON 854425105 0 488,920 X X 398,485 10,085 80,350
STUB--SHOREWOOD/CHESA COMMON 999999999 0 12,730 X 12,730 0 0
SUNGARD DATA SYS INC COMMON 867363103 41,912,795 978,985 X X X 794,870 13,405 170,710
SUPERIOR SURGICAL MFG COMMON 868358102 1,451,849 191,980 X X 184,280 7,700 0
SWING-N-SLIDE COMMON 870775103 0 57,000 X 57,000 0 0
SYBRON CORP DEL COM COMMON 87114F106 44,262,360 1,844,265 X X X 1,526,935 430 316,900
THE TOPPS COMPANY, IN COMMON 890786106 556,992 60,625 X 60,625 0 0
TRIBUNE CO COM COMMON 896047107 40,085,704 918,870 X X X 733,730 170 184,970
TRUE NORTH COMMUNICAT COMMON 897844106 977,838 27,400 X 27,400 0 0
TYCO TOYS, INC COM COMMON 902128107 0 850,765 X X 488,365 92,475 269,925
UNION CORP COMMON 906072103 0 12,365 X X 8,415 3,950 0
UNITED STATIONERS INC COMMON 913004107 103,289,655 3,843,336 X X 2,134,440 84,180 1,624,716
UNIVERSAL FOODS CORP COMMON 913538104 383,050 18,800 X X 11,000 7,800 0
URBAN SHOPPING CTRS I COMMON 917060105 47,946,500 1,009,400 X 968,300 0 41,100
VALASSIS COMMUNICATIO COMMON 918866104 5,370,204 241,358 X X 237,607 3,750 0
VIVRA INC COMMON 92855M104 0 35,081 X 13,181 21,900 0
WASTE MGMT INC DEL CO COMMON 94106L109 6,922,164 396,970 X X 285,300 0 111,670
WATTS INDS INC CL A COMMON 942749102 2,131,200 213,120 X 142,920 0 70,200
WESLEY JESSEN VISIONC COMMON 951018100 4,589,245 119,395 X X 67,795 51,600 0
WESTERN PUBLISHING, I COMMON 959263104 0 38,100 X 38,100 0 0
WHITMAN CORP COM COMMON 96647K102 0 584,200 X X 72,200 512,000 0
WHITMAN CORP NEW COM COMMON 96647R107 25,094,383 2,170,325 X X X 1,837,285 435 332,605
XL CAPITAL LTD CL A COMMON G98255105 45,085,388 609,262 X X X 506,792 125 102,345
</TABLE>
