13F-HR 1 aic4q01.txt 13F HOLDINGS REPORT FORM 13F COVER PAGE "Report for the Quarter Ended: December 31, 2001" 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: "Argus Investors' Counsel, Inc." Address "100 Prospect Street, South Tower" "Stamford, CT 06901" 13F Filing Number: 28-542 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 requirements, statements, " "schedules, lists and tables, are considered integral parts" of this form Person signing this report on behalf of reporting manager: Name: Stewart P. Zobian Title: President Phone: (203) 316-9000 "Signature, Place and Date of signing" "Stewart P. Zobian, Stamford, CT February 6, 2002" Report Type (Check only one.): [X] 13F Holdings Report [ ] 13F Notice [ ] 13F Combination Report List of other Managers Reporting for this Manager:NONE I am signing this report as required by the Securities Exchange Act of 1934 FORM 13F SUMMARY PAGE Report Summary: Number of other included Managers: 0 Form 13F information Table Entry Total: 430 Form 13F information Table Value Total: 632,606,492 List of other included managers: NONE 01/30/02 CA53P 4: 9 BEGINNING OF COMPANY 53 REPORTS ACTY 2 ARGUS INVESTORS' COUNSEL 13F REPORT 02001773 SDUPRODN FORM 13F 12/31/01 REPORTING MANAGER; ARGUS INVESTORS' COUNSEL PAGE 1 ------------------------------------------------------------------------------------------------------------------------------------ ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT DISCRETION MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ------------------------------------------------------------------------------------------------------------------------------------ AOL TIME WARNER INC COMMON 00184A105 12083082 376420 376420 369820 600 AT&T CORP COMMON 001957109 11477178 632700 632700 622800 800 ABBOTT LABS COMMON 002824100 17254625 309500 309500 304300 AIR PRODS & CHEMS INC COMMON 009158106 14789316 315270 315270 309770 500 ALBERTSONS INC COMMON 013104104 17405310 552725 552725 543825 ALCOA INC COMMON 013817101 12647979 355780 355780 349480 600 AMERICAN EXPRESS CO COMMON 025816109 12210263 342120 342120 336220 600 AMERICAN INTL GROUP INC COMMON 026874107 14774197 186073 186073 182873 300 ARCHER DANIELS MIDLAND C COMMON 039483102 1245393 86787 86787 86787 AUTOMATIC DATA PROCESSIN COMMON 053015103 12782478 217020 217020 212870 450 BP PLC COMMON 055622104 982570 21126 21126 20626 500 BECTON DICKINSON & CO COMMON 075887109 16479197 497110 497110 490210 CATERPILLAR INC DEL COMMON 149123101 1053360 20160 20160 19760 400 CISCO SYS INC COMMON 17275R102 11696525 645860 645860 634960 1200 COCA COLA CO COMMON 191216100 2562603 54350 54350 49450 DELTA AIR LINES INC DEL COMMON 247361108 9325162 318700 318700 317900 800 DISNEY WALT CO COMMON 254687106 11498771 554960 554960 546860 900 DOW CHEM CO COMMON 260543103 15023148 444735 444735 438235 EASTMAN KODAK CO COMMON 277461109 1158806 39375 39375 39375 --------- --------- --------- --------- --------- --------- --------- --------- COLUMN TOTALS 196449962 5970771 5970771 5876121 7650 FORM 13F 12/31/01 REPORTING MANAGER; ARGUS INVESTORS' COUNSEL PAGE 2 ------------------------------------------------------------------------------------------------------------------------------------ ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT DISCRETION MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) EL PASO CORP COMMON 28336L109 12989986 291190 291190 286640 450 EMERSON ELEC CO COMMON 291011104 11407153 199775 199775 196675 EXXON MOBIL CORP COMMON 30231G102 10189311 259270 259270 254070 FEDERAL NATL MTG ASSN COMMON 313586109 13477635 169530 169530 166205 325 FEDEX CORP COMMON 31428X106 12603208 242930 242930 237930 500 FORD MTR CO DEL COMMON 345370860 9985344 635200 635200 623900 GANNETT INC COMMON 364730101 14927749 222040 222040 218190 350 GENERAL ELEC CO COMMON 369604103 11588932 289145 289145 284245 600 GENERAL MTRS CORP COMMON 370442105 1395063 28705 28705 28205 500 GENUINE PARTS CO COMMON 372460105 1297345 35350 35350 35350 GILLETTE CO COMMON 375766102 14778999 442485 442485 434785 800 HEWLETT PACKARD CO COMMON 428236103 9089977 442550 442550 433100 1050 HOME DEPOT INC COMMON 437076102 14406499 282425 282425 277425 500 INTEL CORP COMMON 458140100 10741905 341555 341555 334855 800 INTERNATIONAL BUSINESS M COMMON 459200101 15142982 125190 125190 123090 INTL PAPER CO COMMON 460146103 1534389 38027 38027 38027 J P MORGAN CHASE & CO COMMON 46625H100 11549994 317744 317744 311994 550 JOHNSON & JOHNSON COMMON 478160104 18873585 319350 319350 314000 450 KIMBERLY CLARK CORP COMMON 494368103 12562784 210080 210080 206880 400 --------- --------- --------- --------- --------- --------- --------- --------- COLUMN TOTALS 208542841 4892541 4892541 4805566 7275 FORM 13F 12/31/01 REPORTING MANAGER; ARGUS INVESTORS' COUNSEL PAGE 3 ------------------------------------------------------------------------------------------------------------------------------------ ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT DISCRETION MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ------------------------------------------------------------------------------------------------------------------------------------ MCDONALDS CORP COMMON 580135101 13962528 527485 527485 518225 760 MICROSOFT CORP COMMON 594918104 13719713 207090 207090 203390 400 MINNESOTA MNG & MFG CO COMMON 604059105 14958884 126545 126545 124345 200 MORGAN STANLEY DEAN WITT COMMON 617446448 11170659 199690 199690 196590 PEPSICO INC COMMON 713448108 15548178 319330 319330 318830 500 PFIZER INC COMMON 717081103 15869665 398235 398235 391435 PHELPS DODGE CORP COMMON 717265102 1120392 34580 34580 34580 PITNEY BOWES INC COMMON 724479100 14062379 373900 373900 368500 PROCTER & GAMBLE CO COMMON 742718109 925821 11700 11700 11700 QUALCOMM INC COMMON 747525103 11899820 235640 235640 231440 400 ROYAL DUTCH PETE CO COMMON 780257804 1799034 36700 36700 36700 SCHLUMBERGER LTD COMMON 806857108 12259895 223110 223110 219160 450 STAPLES INC COMMON 855030102 11523034 616205 616205 602505 1400 TXU CORP COMMON 873168108 13348165 283100 283100 278200 UNILEVER N V COMMON 904784709 16270159 282419 282419 278319 UNION PAC CORP COMMON 907818108 1500810 26330 26330 26330 VERIZON COMMUNICATIONS COMMON 92343V104 14532252 306200 306200 300900 300 WAL MART STORES INC COMMON 931142103 19387732 336885 336885 331285 500 WALGREEN CO COMMON 931422109 11771407 349715 349715 344215 --------- --------- --------- --------- --------- --------- --------- --------- COLUMN TOTALS 215630524 4894859 4894859 4816649 4910 FORM 13F 12/31/01 REPORTING MANAGER; ARGUS INVESTORS' COUNSEL PAGE 4 ------------------------------------------------------------------------------------------------------------------------------------ ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT DISCRETION MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) INGERSOLL-RAND COMPANY L COMMON G4776G101 11983164 286610 286610 282110 500 --------- --------- --------- --------- --------- --------- --------- --------- COLUMN TOTALS 11983164 286610 286610 282110 500 --------- --------- --------- --------- --------- --------- --------- --------- REPORT TOTALS 632606492 16044781 16044781 15780446 20335 ========= ========= ========= ========= ========= ========= ========= =========