13F-HR 1 aic2q02.txt 13F HOLDINGS REPORT FORM 13F COVER PAGE "Report for the Quarter Ended: june 30, 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 july 23, 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: 392 Form 13F information Table Value Total: 567,842,544 List of other included managers: NONE 07/18/02 CA53R 1:35 BEGINNING OF COMPANY 53 REPORTS ACTY 2 ARGUS INVESTORS' COUNSEL 13F REPORT 02009496 SDUPRODN 07/18/02 CA53R 1:35 BEGINNING OF COMPANY 53 REPORTS ACTY 2 ARGUS INVESTORS' COUNSEL 13F REPORT 02009496 SDUPRODN FORM 13F 6/30/02 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 8199354 557400 557400 548300 900 AT&T CORP COMMON 001957109 6919690 646700 646700 635400 ABBOTT LABS COMMON 002824100 10562708 280550 280550 275650 AIR PRODS & CHEMS INC COMMON 009158106 17030344 337435 337435 331835 500 ALBERTSONS INC COMMON 013104104 15204871 499175 499175 491775 ALCOA INC COMMON 013817101 14536607 438510 438510 430710 600 AMERICAN EXPRESS CO COMMON 025816109 15763788 434025 434025 426425 600 AMERICAN INTL GROUP INC COMMON 026874107 8741833 128123 128123 125923 300 ARCHER DANIELS MIDLAND C COMMON 039483102 1139742 89112 89112 89112 AUTOMATIC DATA PROCESSIN COMMON 053015103 11264643 258660 258660 253310 450 BP PLC COMMON 055622104 1159553 22966 22966 22466 500 BECTON DICKINSON & CO COMMON 075887109 15087378 437950 437950 431350 CATERPILLAR INC DEL COMMON 149123101 963091 19675 19675 19275 400 CISCO SYS INC COMMON 17275R102 8743860 626800 626800 616400 1200 COCA COLA CO COMMON 191216100 2685200 47950 47950 43650 DELL COMPUTER CORP COMMON 247025109 13137964 502600 502600 494700 800 DELTA AIR LINES INC DEL COMMON 247361108 1178600 58930 58930 58130 800 DISNEY WALT CO COMMON 254687106 15426369 816210 816210 801760 1050 DOW CHEM CO COMMON 260543103 11941549 347340 347340 342140 --------- --------- --------- --------- --------- --------- --------- --------- COLUMN TOTALS 179687143 6550111 6550111 6438311 8100 FORM 13F 6/30/02 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 7970918 386750 386750 380400 750 EMERSON ELEC CO COMMON 291011104 12509300 233775 233775 230575 EXXON MOBIL CORP COMMON 30231G102 10360698 253194 253194 248794 FEDERAL NATL MTG ASSN COMMON 313586109 11033738 149610 149610 146985 325 FEDEX CORP COMMON 31428X106 12540723 234845 234845 231095 450 FORD MTR CO DEL COMMON 345370860 8648000 540500 540500 531200 GANNETT INC COMMON 364730101 17501022 230580 230580 226880 300 GENERAL ELEC CO COMMON 369604103 8478824 291870 291870 286970 600 GENERAL MTRS CORP COMMON 370442105 1562076 29225 29225 28875 350 GILLETTE CO COMMON 375766102 15579353 459975 459975 451985 690 HOME DEPOT INC COMMON 437076102 10916340 297205 297205 291905 500 INTEL CORP COMMON 458140100 10198771 558225 558225 547625 800 INTERNATIONAL BUSINESS M COMMON 459200101 8523720 118385 118385 116585 INTL PAPER CO COMMON 460146103 1498891 34394 34394 34394 J P MORGAN CHASE & CO COMMON 46625H100 9438104 278246 278246 272296 650 JOHNSON & JOHNSON COMMON 478160104 14946883 286010 286010 281160 450 KIMBERLY CLARK CORP COMMON 494368103 15886570 256235 256235 251835 400 MCDONALDS CORP COMMON 580135101 11284977 396660 396660 389900 760 MICROSOFT CORP COMMON 594918104 9230078 168740 168740 165840 400 --------- --------- --------- --------- --------- --------- --------- --------- COLUMN TOTALS 198108985 5204424 5204424 5115299 7425 FORM 13F 6/30/02 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 MORGAN STANLEY COMMON 617446448 11484697 266590 266590 262490 PEPSICO INC COMMON 713448108 12033853 249665 249665 249165 500 PFIZER INC COMMON 717081103 8782375 250925 250925 246625 600 PHELPS DODGE CORP COMMON 717265102 1596500 38750 38750 38750 PITNEY BOWES INC COMMON 724479100 14898972 375100 375100 368900 PROCTER & GAMBLE CO COMMON 742718109 937650 10500 10500 10500 QUALCOMM INC COMMON 747525103 7600985 276500 276500 271850 550 ROYAL DUTCH PETE CO COMMON 780257804 2238435 40500 40500 40500 SCHLUMBERGER LTD COMMON 806857108 15621443 335945 335945 330195 450 STAPLES INC COMMON 855030102 14978895 760350 760350 745650 1200 TXU CORP COMMON 873168108 15196940 294800 294800 289900 3M CO COMMON 88579Y101 15535515 126305 126305 124105 200 UNILEVER N V COMMON 904784709 16086146 248243 248243 244443 UNION PAC CORP COMMON 907818108 1441202 22775 22775 22775 VERIZON COMMUNICATIONS COMMON 92343V104 8595834 214093 214093 210713 480 WAL MART STORES INC COMMON 931142103 11580155 210510 210510 206960 450 WALGREEN CO COMMON 931422109 15896438 411505 411505 404505 INGERSOLL-RAND COMPANY L COMMON G4776G101 15540381 340350 340350 334350 400 --------- --------- --------- --------- --------- --------- --------- --------- COLUMN TOTALS 190046416 4473406 4473406 4402376 4830 FORM 13F 6/30/02 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 (A) (B) (C) (A) (B) (C) REPORT TOTALS 567842544 16227941 16227941 15955986 20355 ========= ========= ========= ========= ========= ========= ========= =========