UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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: Heritage Investors Management Corp.
Address: 7101 Wisconsin Avenue
Suite 1112
Bethesda, MD 20814
13F File Number: 28-4650
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: Michael S. Cornfeld
Title: President
Phone: 301-951-0440
Signature, Place, and Date of Signing:
Michael S. Cornfeld Bethesda, Maryland November 3, 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: 163
Form 13F Information Table Value Total: $306,735
List of Other Included Managers:
No. 13F File Number Name
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FORM 13F INFORMATION TABLE
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
VALUE SHARES/ SH/ PUT/ INVSTMT ---VOTINGAUTHORITY---
NAME OF ISSUER TITLE OF CLASS CUSIP X$1000 PRN AMT PR CALL DSCRET MGRS SOLE SHARED NONE
AT&T CORP COM 001957109 2,238 76,186 SH SOLE 76,186 0 0
AT&T CORP-LIBERTY MEDIA GROUP COM 001957208 53 2,950 SH SOLE 2,950 0 0
AT&T CORP-WIRELESS GROUP COM 001957406 42 2,000 SH SOLE 2,000 0 0
ABBOTT LABORATORIES COM 002824100 2,136 44,910 SH SOLE 44,910 0 0
AEGON N.V. SPONSORED ADR 007924103 337 9,068 SH SOLE 9,068 0 0
AETHER SYSTEMS INC COM 00808V105 105 1,000 SH SOLE 1,000 0 0
AGILENT TECHNOLOGIES INC COM 00846U101 60 1,236 SH SOLE 1,236 0 0
AIR PRODUCTS & CHEMICALS INC COM 009158106 1,357 37,700 SH SOLE 37,700 0 0
ALLSTATE CORP COM 020002101 160 4,598 SH SOLE 4,598 0 0
ALZA CORP COM 022615108 104 1,200 SH SOLE 1,200 0 0
AMERICA ONLINE INC COM 02364J104 312 5,813 SH SOLE 5,813 0 0
AMERICAN EXPRESS CO COM 025816109 5,484 90,265 SH SOLE 90,265 0 0
AMERICAN HOME PRODUCTS CORP COM 026609107 4,759 84,139 SH SOLE 84,139 0 0
AMERICAN INTL GROUP COM 026874107 321 3,355 SH SOLE 3,355 0 0
AMGEN INC COM 031162100 7,143 102,297 SH SOLE 102,297 0 0
ANHEUSER BUSCH COS INC COM 035229103 3,986 94,200 SH SOLE 94,200 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 1,209 140,198 SH SOLE 140,198 0 0
ASSOCIATES FIRST CAPITAL COM 046008108 624 16,410 SH SOLE 16,410 0 0
BP AMOCO PLC ADR SPONSORED ADR 055622104 1,341 25,308 SH SOLE 25,308 0 0
BANK OF AMERICA CORP COM 060505104 1,538 29,372 SH SOLE 29,372 0 0
BELLSOUTH CORP COM 079860102 50 1,234 SH SOLE 1,234 0 0
BERKSHIRE HATHAWAY CLASS B COM 084670207 2,786 1,346 SH SOLE 1,346 0 0
BESTFOODS COM 08658U101 3,059 42,048 SH SOLE 42,048 0 0
BLOCK H & R INC COM 093671105 756 20,409 SH SOLE 20,409 0 0
BOEING CO COM 097023105 3,940 62,544 SH SOLE 62,544 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108 4,823 84,423 SH SOLE 84,423 0 0
CSX CORP COM 126408103 309 14,157 SH SOLE 14,157 0 0
CABOT CORP COM 127055101 257 8,100 SH SOLE 8,100 0 0
CALLAWAY GOLF CO COM 131193104 600 39,025 SH SOLE 39,025 0 0
CAPITAL ONE FINANCIAL CORP COM 14040H105 126 1,800 SH SOLE 1,800 0 0
CATERPILLAR INC COM 149123101 149 4,423 SH SOLE 4,423 0 0
CHOICE HOTELS INTL INC COM 169905106 774 70,375 SH SOLE 70,375 0 0
CIENA CORP COM 171779101 491 4,000 SH SOLE 4,000 0 0
CIRCUIT CITY STORES-CIR C GRP COM 172737108 5 200 SH SOLE 200 0 0
CIRCUIT CITY STORES-CARMAX GRP COM 172737306 183 40,000 SH SOLE 40,000 0 0
CISCO SYSTEMS INC COM 17275R102 1,934 35,010 SH SOLE 35,010 0 0
CITIGROUP INC COM 172967101 4,159 76,922 SH SOLE 76,922 0 0
COCA COLA CO COM 191216100 2,096 38,022 SH SOLE 38,022 0 0
COMPAQ COMPUTER COM 204493100 1,470 53,300 SH SOLE 53,300 0 0
CONAGRA INC COM 205887102 1,174 58,500 SH SOLE 58,500 0 0
CONOCO INC CLASS B COM 208251405 2,926 108,630 SH SOLE 108,630 0 0
CONSTELLATION BRANDS CLASS A COM 21036P108 736 13,550 SH SOLE 13,550 0 0
COOPER INDUSTRIES INC COM 216669101 638 18,109 SH SOLE 18,109 0 0
CORN PRODUCTS INTL INC COM 219023108 654 28,737 SH SOLE 28,737 0 0
DELL COMPUTER CORP COM 247025109 89 2,900 SH SOLE 2,900 0 0
DELPHI AUTOMOTIVE SYSTEMS COM 247126105 1,475 97,537 SH SOLE 97,537 0 0
DELTA AIR LINES INC COM 247361108 2,010 45,293 SH SOLE 45,293 0 0
DISNEY WALT CO COM 254687106 2,825 73,863 SH SOLE 73,863 0 0
DU PONT E I DE NEMOURS COM 263534109 2,220 53,577 SH SOLE 53,577 0 0
EMC CORP COM 268648102 121 1,225 SH SOLE 1,225 0 0
EASTMAN CHEMICAL CO COM 277432100 1,474 39,902 SH SOLE 39,902 0 0
EASTMAN KODAK CO COM 277461109 1,736 42,470 SH SOLE 42,470 0 0
ELAN CORP PLC SPONSORED ADR 284131208 164 3,000 SH SOLE 3,000 0 0
EMULEX CORP COM 292475209 122 1,000 SH SOLE 1,000 0 0
EQUITY INCOME FUND - AT & T COM 294700703 125 800 SH SOLE 800 0 0
ERICSSON L M TEL CO SPONSORED ADR 294821400 166 11,200 SH SOLE 11,200 0 0
EXXON MOBIL CORP COM 30231G102 5,683 63,765 SH SOLE 63,765 0 0
FAIRMARKET INC COM 305158107 146 45,000 SH SOLE 45,000 0 0
FANNIE MAE COM 313586109 5,775 80,776 SH SOLE 80,776 0 0
FEDERAL REALTY INVESTMENT TR COM 313747206 547 28,586 SH SOLE 28,586 0 0
FINOVA GROUP INC COM 317928109 568 78,290 SH SOLE 78,290 0 0
FIRST UNION CORP COM 337358105 207 6,421 SH SOLE 6,421 0 0
FLUOR CORP COM 343861100 1,636 54,517 SH SOLE 54,517 0 0
FORD MOTOR CO COM 345370100 1,466 57,932 SH SOLE 57,932 0 0
GANNETT INC COM 364730101 2,699 50,927 SH SOLE 50,927 0 0
GAP INC COM 364760108 3,102 154,129 SH SOLE 154,129 0 0
GENERAL ELECTRIC CO COM 369604103 23,442 406,362 SH SOLE 406,362 0 0
GENERAL MILLS INC COM 370334104 85 2,400 SH SOLE 2,400 0 0
GENERAL MOTORS CORP COM 370442105 1,391 21,403 SH SOLE 21,403 0 0
GENERAL MOTORS CORP CLASS H COM 370442832 837 22,500 SH SOLE 22,500 0 0
GEORGIA PACIFIC--GA PAC GROUP COM 373298108 497 21,166 SH SOLE 21,166 0 0
GILLETTE CO COM 375766102 1,626 52,654 SH SOLE 52,654 0 0
GUIDANT CORP COM 401698105 9,704 137,277 SH SOLE 137,277 0 0
HERSHEY FOODS CORP COM 427866108 1,161 21,450 SH SOLE 21,450 0 0
HEWLETT PACKARD CO COM 428236103 319 3,284 SH SOLE 3,284 0 0
HOME DEPOT INC COM 437076102 2,935 55,312 SH SOLE 55,312 0 0
HONEYWELL INTL INC COM 438516106 1,574 44,193 SH SOLE 44,193 0 0
HUMAN GENOME SCIENCES INC COM 444903108 260 1,500 SH SOLE 1,500 0 0
INDEPENDENCE FED SVGS BANK COM 453432106 429 44,000 SH SOLE 44,000 0 0
INTEL CORP COM 458140100 4,686 112,745 SH SOLE 112,745 0 0
INTERNATIONAL BUSINESS MACHINE COM 459200101 7,514 66,789 SH SOLE 66,789 0 0
INTERNATIONAL PAPER CO COM 460146103 983 34,250 SH SOLE 34,250 0 0
JDS UNIPHASE CORP COM 46612J101 128 1,350 SH SOLE 1,350 0 0
JOHNSON & JOHNSON COM 478160104 9,091 96,776 SH SOLE 96,776 0 0
JUNIPER NETWORKS INC COM 48203R104 328 1,500 SH SOLE 1,500 0 0
KELLOGG CO COM 487836108 408 16,850 SH SOLE 16,850 0 0
KENNAMETAL INC COM 489170100 77 3,000 SH SOLE 3,000 0 0
KIMBERLY CLARK CORP COM 494368103 2,710 48,550 SH SOLE 48,550 0 0
LEE ENTERPRISES INC COM 523768109 258 8,950 SH SOLE 8,950 0 0
LEGGETT & PLATT INC COM 524660107 85 5,400 SH SOLE 5,400 0 0
LEXMARK INTL GROUP INC CL A COM 529771107 60 1,600 SH SOLE 1,600 0 0
LIBERTY CORP COM 530370105 949 27,400 SH SOLE 27,400 0 0
LILLY ELI & CO COM 532457108 2,896 35,692 SH SOLE 35,692 0 0
LIZ CLAIBORNE INC COM 539320101 834 21,658 SH SOLE 21,658 0 0
LOCKHEED MARTIN CORP COM 539830109 126 3,829 SH SOLE 3,829 0 0
LOEWS CORP COM 540424108 1,117 13,393 SH SOLE 13,393 0 0
LUCENT TECHNOLOGIES INC COM 549463107 1,978 64,734 SH SOLE 64,734 0 0
MBIA INC COM 55262C100 2,857 40,173 SH SOLE 40,173 0 0
MBNA CORP COM 55262L100 2,053 53,330 SH SOLE 53,330 0 0
MANOR CARE INC COM 564055101 1,906 121,482 SH SOLE 121,482 0 0
MARTIN MARIETTA MATERIALS INC COM 573284106 1,951 50,970 SH SOLE 50,970 0 0
MAY DEPT STORES CO COM 577778103 4,204 205,069 SH SOLE 205,069 0 0
MCDONALDS CORP COM 580135101 4,836 160,188 SH SOLE 160,188 0 0
MCKESSON HBOC INC COM 58155Q105 564 18,456 SH SOLE 18,456 0 0
MERCK & CO INC COM 589331107 6,736 90,487 SH SOLE 90,487 0 0
MERRILL LYNCH & CO COM 590188108 73 1,100 SH SOLE 1,100 0 0
MICROSOFT CORP COM 594918104 3,949 65,478 SH SOLE 65,478 0 0
MILLIPORE COM 601073109 155 3,200 SH SOLE 3,200 0 0
MINNESOTA MINING & MANUF CO COM 604059105 2,659 29,175 SH SOLE 29,175 0 0
J.P. MORGAN & CO COM 616880100 3,104 19,000 SH SOLE 19,000 0 0
MORGAN STANLEY DEAN WITTER COM 617446448 4,574 50,028 SH SOLE 50,028 0 0
MOTOROLA INC COM 620076109 5,788 204,888 SH SOLE 204,888 0 0
NETWORK APPLIANCE INC COM 64120L104 204 1,600 SH SOLE 1,600 0 0
NEW YORK TIMES CO CL A COM 650111107 594 15,100 SH SOLE 15,100 0 0
NIKE INC CLASS B COM 654106103 1,458 36,400 SH SOLE 36,400 0 0
NORFOLK SOUTHERN CORP COM 655844108 1,200 82,031 SH SOLE 82,031 0 0
ORACLE CORP COM 68389X105 204 2,589 SH SOLE 2,589 0 0
PMC-SIERRA INC COM 69344F106 606 2,817 SH SOLE 2,817 0 0
PMI GROUP INC COM 69344M101 2,909 42,936 SH SOLE 42,936 0 0
PACCAR INC COM 693718108 2,434 65,668 SH SOLE 65,668 0 0
PALL CORP COM 696429307 980 49,150 SH SOLE 49,150 0 0
PAYLESS SHOESOURCE INC COM 704379106 1,853 33,091 SH SOLE 33,091 0 0
PEPSICO INC COM 713448108 5,762 125,267 SH SOLE 125,267 0 0
PFIZER INC COM 717081103 9,492 211,219 SH SOLE 211,219 0 0
PHILIP MORRIS COS INC COM 718154107 1,990 67,595 SH SOLE 67,595 0 0
POTOMAC ELECTRIC POWER CO COM 737679100 168 6,664 SH SOLE 6,664 0 0
PRAXAIR INC COM 74005P104 1,117 29,890 SH SOLE 29,890 0 0
T ROWE PRICE & ASSOCIATES COM 741477103 1,173 25,000 SH SOLE 25,000 0 0
PROCTER & GAMBLE CO COM 742718109 4,495 67,089 SH SOLE 67,089 0 0
PURCHASEPRO.COM COM 746144104 439 5,000 SH SOLE 5,000 0 0
QUALCOMM INC COM 747525103 26 360 SH SOLE 360 0 0
QWEST COMMUNICATIONS INTL COM 749121109 223 4,637 SH SOLE 4,637 0 0
RAYTHEON CO CLASS A COM 755111309 1,457 53,214 SH SOLE 53,214 0 0
RAYTHEON CO CLASS B COM 755111408 14 500 SH SOLE 500 0 0
ROYAL DUTCH PETROLEUM COM 780257804 150 2,500 SH SOLE 2,500 0 0
SBC COMMUNICATIONS INC COM 78387G103 2,971 59,421 SH SOLE 59,421 0 0
ST PAUL COS INC COM 792860108 108 2,200 SH SOLE 2,200 0 0
SCHERING PLOUGH CORP COM 806605101 6,505 139,892 SH SOLE 139,892 0 0
SCHLUMBERGER LTD COM 806857108 4,391 53,346 SH SOLE 53,346 0 0
SERVICE CORP INTERNATIONAL COM 817565104 189 77,388 SH SOLE 77,388 0 0
STUDENT LOAN CORP COM 863902102 472 9,670 SH SOLE 9,670 0 0
SUN MICROSYSTEMS INC COM 866810104 105 900 SH SOLE 900 0 0
SUNBURST HOSPITALITY CORP COM 866948102 193 28,590 SH SOLE 28,590 0 0
SUNTRUST BANKS INC COM 867914103 838 16,830 SH SOLE 16,830 0 0
SYLVAN LEARNING SYSTEMS INC COM 871399101 74 5,000 SH SOLE 5,000 0 0
TEXAS INSTRUMENTS INC COM 882508104 33 700 SH SOLE 700 0 0
TIME WARNER INC COM 887315109 104 1,326 SH SOLE 1,326 0 0
TOYS R US COM 892335100 1,151 70,825 SH SOLE 70,825 0 0
TRICON GLOBAL RESTAURANTS COM 895953107 2,149 70,187 SH SOLE 70,187 0 0
USA EDUCATION INC COM 90390U102 5,260 109,146 SH SOLE 109,146 0 0
UNION PACIFIC CORP COM 907818108 1,582 40,706 SH SOLE 40,706 0 0
UNITED BANKSHARES INC COM 909907107 108 5,500 SH SOLE 5,500 0 0
UNITED TECHNOLOGIES CORP COM 913017109 1,673 24,160 SH SOLE 24,160 0 0
VERITAS SOFTWARE CO COM 923436109 398 2,800 SH SOLE 2,800 0 0
VERIZON COMMUNICATIONS COM 92343V104 237 4,890 SH SOLE 4,890 0 0
VISTEON CORP COM 92839U107 83 5,484 SH SOLE 5,484 0 0
WAL MART STORES INC COM 931142103 5,554 115,416 SH SOLE 115,416 0 0
WASHINGTON GAS LIGHT CO COM 938837101 320 11,921 SH SOLE 11,921 0 0
WASHINGTON POST CO CL B COM 939640108 3,790 7,180 SH SOLE 7,180 0 0
WILLIAMS COMPANIES COM 969457100 110 2,600 SH SOLE 2,600 0 0
WORLDCOM INC COM 98157D106 2,675 88,056 SH SOLE 88,056 0 0
XEROX CORP COM 984121103 606 40,230 SH SOLE 40,230 0 0
M-SYSTEMS FLASH DISK PIONEER COM M7061C100 451 11,800 SH SOLE 11,800 0 0
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