13F-HR 1 aic3qtr05.txt 13F HOLDINGS REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE "Report for the Quarter Ended: September 30, 2005" 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, Connecticut 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: /s/Stewart P. Zobian Stamford, Connecticut November 7, 2005 [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 is 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: None FORM 13F SUMMARY PAGE Report Summary: Number of other included Managers: None Form 13F information Table Entry Total: 450 Form 13F information Table Value Total: 496185789 List of other included managers: None 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. FORM 13F 9/30/05 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) --------------------------------------------------------------------------------------------------------------------------------- 3M CO COMMON 88579Y101 10180901 138780 138780 135990 290 ABBOTT LABS COMMON 002824100 10609752 250230 250230 244980 450 AIR PRODS & CHEMS INC COMMON 009158106 10170297 184445 184445 180045 400 ALBERTSONS INC COMMON 013104104 7254974 282845 282845 279045 ALCOA INC COMMON 013817101 7974595 326560 326560 319235 725 AMERICAN EXPRESS CO COMMON 025816109 13715810 238785 238785 232715 420 AMERICAN INTL GROUP INC COMMON 026874107 7469774 120558 120558 117858 300 ARCHER DANIELS MIDLAND C COMMON 039483102 1018877 41317 41317 41317 AUTOMATIC DATA PROCESSIN COMMON 053015103 9422532 218925 218925 213375 550 BECTON DICKINSON & CO COMMON 075887109 8859359 168975 168975 164775 200 BP PLC COMMON 055622104 622063 8780 8780 7640 440 CATERPILLAR INC DEL COMMON 149123101 13814475 235140 235140 229230 480 CISCO SYS INC COMMON 17275R102 10187878 568520 568520 555220 1100 COCA COLA CO COMMON 191216100 1621785 37550 37550 31350 DELL INC COMMON 24702R101 10877310 318050 318050 311000 650 DISNEY WALT CO COMMON 254687106 8522957 353210 353210 344960 1050 DOW CHEM CO COMMON 260543103 8662776 207890 207890 203690 EMERSON ELEC CO COMMON 291011104 13825808 192560 192560 188260 EXXON MOBIL CORP COMMON 30231G102 12735767 200437 200437 195137 FEDERAL NATL MTG ASSN COMMON 313586109 6259561 139660 139660 136960 400 FEDEX CORP COMMON 31428X106 9549884 109605 109605 106995 310 GANNETT INC COMMON 364730101 7134574 103655 103655 101405 250 GENERAL DYNAMICS CORP COMMON 369550108 14090761 117865 117865 114880 225 GENERAL ELEC CO COMMON 369604103 10007061 297210 297210 289890 720 GILLETTE CO COMMON 375766102 441738 7590 7590 7050 540 HOME DEPOT INC COMMON 437076102 12666294 332100 332100 324165 575 ILLINOIS TOOL WKS INC COMMON 452308109 9334987 113385 113385 110765 320 INGERSOLL-RAND COMPANY L COMMON G4776G101 10306043 269580 269580 263080 700 INTEL CORP COMMON 458140100 13000903 527420 527420 514520 900 INTERNATIONAL BUSINESS M COMMON 459200101 9437081 117640 117640 114990 250 INTL PAPER CO COMMON 460146103 5846760 196200 196200 192500 JOHNSON & JOHNSON COMMON 478160104 12197536 192755 192755 187735 420 JPMORGAN & CHASE & CO COMMON 46625H100 968396 28541 28541 27941 600 KIMBERLY CLARK CORP COMMON 494368103 7341240 123320 123320 120520 400 MCDONALDS CORP COMMON 580135101 13911913 415405 415405 405845 860 MICROSOFT CORP COMMON 594918104 12803119 497595 497595 486195 800 MORGAN STANLEY COMMON 617446448 9430600 174835 174835 170835 400 NUCOR CORP COMMON 670346105 13706916 232360 232360 226835 525 PEPSICO INC COMMON 713448108 12085468 213110 213110 212190 450 PFIZER INC COMMON 717081103 8688062 347940 347940 338940 800 PITNEY BOWES INC COMMON 724479100 7696856 184400 184400 180100 PROCTER & GAMBLE CO COMMON 742718109 14068236 236600 236600 231500 QUALCOMM INC COMMON 747525103 13968265 312140 312140 304860 680 ROYAL DUTCH SHELL PLC COMMON 780259206 1483464 22600 22600 22600 SCHLUMBERGER LTD COMMON 806857108 15011624 177905 177905 173855 350 STAPLES INC COMMON 855030102 13487053 632601 632601 615306 1320 TIME WARNER INC COMMON 887317105 11266412 622110 622110 607310 1200 UNILEVER N V COMMON 904784709 13646236 190990 190990 186240 350 UNION PAC CORP COMMON 907818108 1018140 14200 14200 13580 US BANCORP DEL COMMON 902973304 9486266 337830 337830 330730 700 VERIZON COMMUNICATIONS COMMON 92343V104 8590115 262775 262775 256515 660 WAL MART STORES INC COMMON 931142103 6767123 154430 154430 150950 580 WALGREEN CO COMMON 931422109 12939410 297800 297800 289850 650 --------- --------- --------- --------- --------- --------- --------- --------- REPORT TOTALS 496185789 12097709 12097709 11813454 23990 ========= ========= ========= ========= ========= ========= ========= =========