13F-HR 1 aic1q02.txt 13F HOLDINGS REPORT FORM 13F COVER PAGE "Report for the Quarter Ended: March 31, 2002" 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 April 30, 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: 453 Form 13F information Table Value Total: 638,618,605 List of other included managers: NONE 04/26/02 CA53Q 5:45 BEGINNING OF COMPANY 53 REPORTS ACTY 2 ARGUS INVESTORS' COUNSEL 13F REPORT 02005808 SDUPRODN FORM 13F 3/31/02 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 9619638 406750 406750 399650 800 AT&T CORP COMMON 001957109 8890910 566300 566300 556600 ABBOTT LABS COMMON 002824100 16211320 308200 308200 303000 AIR PRODS & CHEMS INC COMMON 009158106 16294800 315485 315485 310485 500 ALBERTSONS INC COMMON 013104104 11599829 350025 350025 344725 ALCOA INC COMMON 013817101 13049360 345770 345770 340070 600 AMERICAN EXPRESS CO COMMON 025816109 16002458 390685 390685 383785 600 AMERICAN INTL GROUP INC COMMON 026874107 11255500 156023 156023 153323 300 ARCHER DANIELS MIDLAND C COMMON 039483102 1241330 89112 89112 89112 AUTOMATIC DATA PROCESSIN COMMON 053015103 16070866 275800 275800 271250 450 BP PLC COMMON 055622104 1232770 23216 23216 22716 500 BECTON DICKINSON & CO COMMON 075887109 15252082 404350 404350 398050 CATERPILLAR INC DEL COMMON 149123101 1129894 19875 19875 19475 400 CISCO SYS INC COMMON 17275R102 15480792 914400 914400 897700 1200 COCA COLA CO COMMON 191216100 2045979 39150 39150 35550 DELL COMPUTER CORP COMMON 247025109 13573284 519850 519850 510050 800 DELTA AIR LINES INC DEL COMMON 247361108 1910194 58380 58380 57580 800 DISNEY WALT CO COMMON 254687106 11079785 480060 480060 470560 900 DOW CHEM CO COMMON 260543103 11409955 348715 348715 343515 COLUMN TOTALS 193350742 6012146 6012146 5907196 7850 FORM 13F 3/31/02 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 EL PASO CORP COMMON 28336L109 11223247 254900 254900 250500 600 EMERSON ELEC CO COMMON 291011104 14206895 247550 247550 243750 EXXON MOBIL CORP COMMON 30231G102 8849014 201894 201894 197794 FEDERAL NATL MTG ASSN COMMON 313586109 11891736 148870 148870 145945 325 FEDEX CORP COMMON 31428X106 17698422 304620 304620 299320 500 FORD MTR CO DEL COMMON 345370860 9648299 585100 585100 574800 GANNETT INC COMMON 364730101 17869041 234810 234810 230660 350 GENERAL ELEC CO COMMON 369604103 10496486 280280 280280 275380 600 GENERAL MTRS CORP COMMON 370442105 1855513 30695 30695 30195 500 GENUINE PARTS CO COMMON 372460105 823648 22400 22400 22400 GILLETTE CO COMMON 375766102 16638542 489225 489225 480735 690 HOME DEPOT INC COMMON 437076102 15363434 316055 316055 310755 500 INTEL CORP COMMON 458140100 15423040 507170 507170 498470 800 INTERNATIONAL BUSINESS M COMMON 459200101 11438960 109990 109990 108290 INTL PAPER CO COMMON 460146103 1680358 39069 39069 39069 J P MORGAN CHASE & CO COMMON 46625H100 11283082 316496 316496 311046 650 JOHNSON & JOHNSON COMMON 478160104 18613696 286585 286585 281235 450 KIMBERLY CLARK CORP COMMON 494368103 16026089 247890 247890 243390 400 MCDONALDS CORP COMMON 580135101 11150921 401835 401835 394875 760 COLUMN TOTALS 222180421 5025434 5025434 4938609 7125 FORM 13F 3/31/02 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 MICROSOFT CORP COMMON 594918104 14386347 238540 238540 234440 400 MORGAN STANLEY DEAN WITT COMMON 617446448 13484470 235290 235290 231690 PEPSICO INC COMMON 713448108 15408028 299185 299185 298685 500 PFIZER INC COMMON 717081103 11796819 296850 296850 291750 PHELPS DODGE CORP COMMON 717265102 1639795 38950 38950 38950 PITNEY BOWES INC COMMON 724479100 13815840 322800 322800 317200 PROCTER & GAMBLE CO COMMON 742718109 1063062 11800 11800 11800 QUALCOMM INC COMMON 747525103 10307149 273835 273835 269185 550 ROYAL DUTCH PETE CO COMMON 780257804 1738240 32000 32000 32000 SCHLUMBERGER LTD COMMON 806857108 15519657 263850 263850 259500 450 STAPLES INC COMMON 855030102 18447288 923750 923750 908250 1200 TXU CORP COMMON 873168108 15775194 289400 289400 284300 3M CO COMMON 88579Y101 14630997 127215 127215 125015 200 UNILEVER N V COMMON 904784709 14209542 250168 250168 246068 UNION PAC CORP COMMON 907818108 1450037 23335 23335 23335 VERIZON COMMUNICATIONS COMMON 92343V104 10902327 236493 236493 232413 480 WAL MART STORES INC COMMON 931142103 18210085 297065 297065 291515 450 WALGREEN CO COMMON 931422109 14927667 380905 380905 374805 INGERSOLL-RAND COMPANY L COMMON G4776G101 15374898 307375 307375 302375 500 COLUMN TOTALS 223087442 4848806 4848806 4773276 4730 FORM 13F 3/31/02 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 COLUMN TOTALS 0 --------- --------- --------- --------- --------- --------- --------- --------- REPORT TOTALS 638618605 15886386 15886386 15619081 19705