13F-HR 1 t23268.txt QUARTERLY HOLDINGS REPORT 9/30/01 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 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: Calvert Investment Counsel ----------------------------- Address: 206 Village Square/Cross Keys ----------------------------- Baltimore, Maryland 21210 ----------------------------- Form 13F File Number: 028-06266 --------- 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: E. Kingdon Hurlock, Jr., CFA ----------------------------- Title: Principal ----------------------------- Phone: 410-435-3270 ----------------------------- Signature, Place, and Date of Signing: /s/ E. Kingdon Hurlock Baltimore, MD 10/16/2001 ---------------------------- ---------------------------- ----------- [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 if 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: [If there are no entries in this list, omit this section.] NONE Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: ------------- Form 13F Information Table Entry Total: 117 ------------- Form 13F Information Table Value Total: $ 104,193,426 ------------- (thousands) List of other Included Managers: 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. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] NONE

Form 13F INFORMATION TABLE --INVESTMENT DISCRETION-- --VOTING POWER-- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 SHARED MARKET VALUE SHARES / SOLE SHARED OTHER SOLE SHARED NONE ------------ -------- ---- ----- ----- ---- ------ ---- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PAR VALUE (A) (B) (C) MANAGER (A) (B) (C) -------------- -------------- ------ ------------ -------- --- ----- ----- ------- ---- ------ ---- Abbott Labs COM 002824100 2,~~683~~812,~~200~~863 5554,~~900~~250 X 5554,~~900~~250 Abbott Labs COM 002824100 910,~~600~~370 200 X 200 ADC Telecom COM 000886101 1454,~~376,760~~049 ~~208~~130,~~600~~100 X ~~208~~130,~~600~~100 Automatic Data COM 053015103 ~~827~~759,~~207~~414 16,~~644~~144 X 16,~~644~~144 Processing Automatic Data COM 053015103 1211,~~425~~760 250 X 250 Processing American Intl. Group COM 026874107 1,~~257~~582,~~128~~464 1420,~~788~~288 X 1420,~~788~~288 American Intl. Group COM 026874107 4642,~~585~~744 548 X 548 AOL Time Warner COM 00184A105 32,~~288~~528,~~650~~840 6276,~~050~~400 X 6276,~~050~~400 AOL Time Warner COM 00184A105 4729,~~700~~790 900 X 900 American Express Co. COM 025816109 32,~~840~~806,~~230~~470 9896,~~975~~575 X 9896,~~975~~575 Bank of New York COM 064057102 54,~~378~~011,~~400~~875 ~~112~~114,~~050~~625 X ~~112~~114,~~050~~625 Bell South COM 079860102 ~~276~~285,~~454~~241 6,865 X 6,865 Bristol Myers COM 110122108 ~~226~~288,~~145~~023 45,~~324~~184 X 45,~~324~~184 Squibb Co. BP Amoco PLC COM 055622104 ~~311~~287,~~164~~054 65,~~242~~838 X 65,~~242~~838 Citigroup Inc. COM 172967101 32,~~887~~984,~~175~~121 73,~~565~~682 X 73,~~565~~682 Citigroup Inc. COM 172967101 4434,~~914~~425 850 X 850 Cardinal Health Inc. COM 14149Y108 ~~317~~530,~~745~~000 47,~~605~~167 X 47,~~605~~167 Cardinal Health Inc. COM 14149Y108 44,370 600 X 600 Carnival Corp. C1 A COM 143658102 ~~493~~353,~~503~~972 16,075 X 16,075 Clear Channel Comm. COM 184502102 31,~~206~~997,~~854~~279 5150,~~146~~246 X 5150,~~146~~246 ---------- 21,855,122 Cendant Corp. COM 151313103 1966,~~519,421~~643 7775,~~919~~519 X 7775,~~919~~519 ~~---------- 29,051,258~~ Constellation Energy COM 210371100 ~~474~~313,~~649~~196 1112,~~142~~942 X 1112,~~142~~942 Group Chevron COM 166751107 1,~~608~~464,~~638~~056 17,~~775~~275 X 17,~~775~~275 Colgate Palmolive COM 194162103 ~~271~~291,~~354~~250 45,~~600~~000 X 45,~~600~~000 Conseco, Inc. COM 208464107 ~~325~~151,~~904~~901 2320,~~531~~923 X 2320,~~531~~923 Costco Wholesale COM 22160K105 ~~484~~469,~~744~~392 1113,~~800~~200 X 1113,~~800~~200 Costco Wholesale COM 22160K105 3632,~~972~~004 900 X 900 Computer Sciences COM 205363104 1,~~544~~038,~~959~~287 4431,~~652~~302 X 4431,~~652~~302 Cisco Systems COM 17275R102 107,~~853~~073,~~716~~632 ~~596~~580,~~358~~758 X ~~596~~580,~~358~~758 Cisco Systems COM 17275R102 2416,~~570~~443 1,350 X 1,350 CVS Corp COM 126650100 1947,~~140,630~~860 2928,550 X 2928,550 DuPont E 1 COM 263534109 ~~614~~474,~~674~~328 12,~~742~~642 X 12,~~742~~642 DuPont E 1 COM 263534109 97,~~648~~504 200 X 200 Walt Disney Co. COM 254687106 1775,~~200,842~~821 41,~~566~~666 X 41,~~566~~666 Diamond Offshore COM 25271C102 803,257 31,850 X 31,850 Duke Energy Corp. COM 264399106 1,~~075~~041,~~778~~405 3227,~~550~~514 X 3227,~~550~~514 Duke Energy Corp. COM 264399106 35,958 950 X 950 DeVRY Inc. COM 251893103 ~~334~~332,~~110~~075 9,250 X 9,250 Electronic Data Systems COM 285661104 ~~958~~883,~~938~~450 15,343 X 15,343 EMC Corp. COM 268648102 ~~699~~280,~~368~~943 23,910 X 23,910 ---------- 17,399,405 EMC Corp. COM 268648102 218,~~938~~813 750 X 750 Equity Office COM 294741103 ~~232~~235,~~481~~200 7,350 X 7,350 Properties Tr. REIT El Paso Corporation COM 28336L109 21,~~036~~585,~~713~~756 38,~~765~~165 X 38,~~765~~165 ~~---------- 23,950,623~~ El Paso Corporation COM 28336L109 3635,~~778~~318 ~~700~~850 X ~~700~~850 Ericsson Tel ADR COM 294821400 ~~857~~551,~~092~~891 158,135 X 158,135 FelCor Lodging Trust COM 31430F101 ~~548~~254,~~730~~878 2318,~~450~~950 X 2318,~~450~~950 Flextronics Intl COM Y2573F102 ~~361~~229,~~624~~079 13,850 X 13,850 Flextronics Intl COM Y2573F102 3522,~~249~~329 1,350 X 1,350 Federal Natonal Mortgage Assn. COM 313586109 ~~252~~237,~~369~~618 2,968 X 2,968 First Tr 474JLH Nasdaq Tgt 15 12/00 COM 30265X476 7752,~~624~~201 11,299 X 11,299 General Electric COM 369604103 1511,~~102~~418,~~994~~800 ~~309~~306,~~805~~957 X ~~309~~306,~~805~~957 General Electric COM 369604103 5340,~~625~~920 1,100 X 1,100 Corning Glass Works COM 219350105 ~~695~~334,~~554~~940 4137,~~625~~975 X 4137,~~625~~975 ~~Corning Glass Works COM 219350105 16,710 1,000 X 1,000~~ Health Care COM 42191510 ~~511~~544,~~666~~990 14,~~874~~174 X 14,~~874~~174 Properties Home Depot, Inc. COM 437076102 ~~294~~272,~~196~~498 6,320 X 6,320 Home Depot, Inc. COM 437076102 3730,~~240~~696 800 X 800 Intl Business Machns COM 459200101 254,248 2,772 X 2,772 Intel Corp. COM 458140100 32,~~080~~104,~~815~~809 ~~105~~102,~~327~~975 X ~~105~~102,~~327~~975 Intel Corp. COM 458140100 2618,~~910~~805 920 X 920 Jabil Circuit COM 466313103 ~~385~~223,750 12,500 X 12,500 ---------- 18,427,538 Johnson & Johnson COM 478160104 ~~581~~616,~~000~~048 11,620 X 11,620 Johnson & Johnson COM 478160104 3038,~~000~~780 ~~600~~700 X ~~600~~700 J.P. Morgan Chase COM 46625H100 ~~814~~623,~~485~~647 18,262 X 18,262 ~~---------- 23,800,409~~ J.P. Morgan Chase COM 46625H100 1713,~~840~~660 400 X 400 Kimberly Clark Corp. COM 49436810 ~~363~~403,~~350~~000 6,500 X 6,500 Coca Cola COM 191216100 ~~551~~562,~~205~~153 1211,~~249~~999 X 1211,~~249~~999 Lear Corp. COM 521865105 ~~739~~606,~~880~~599 2122,~~200~~450 X 2122,~~200~~450 ~~AT&T~~ Liberty Media COM ~~001957208~~530718105 1837,~~153,466~~565 65,950 X 65,950 ~~Group~~Corp CL A Lockheed Martin Corp. COM 539830109 205,625 4,700 X 4,700 Lowes Cos. COM 548661107 3,~~708~~140,~~538~~756 ~~102~~99,234 X ~~102~~99,234 LSI Logic COM 502161102 ~~503~~314,~~840~~900 26,800 X 26,800 ~~Marriott~~McDonalds ~~Int'l~~Corp. ~~A New~~ COM ~~571903202~~580135101 ~~236~~1,~~700~~324,921 548,~~000~~818 X 548,~~000~~818 ~~McDonalds~~Medtronic ~~Corp~~Inc. COM ~~580135101~~585055106 1274,~~394,077~~050 516,~~518~~300 X 516,~~518~~300 Medtronic Inc. COM 585055106 6,525 150 X 150 Mercury Interactive COM 589405109 31,~~102~~041,~~820~~488 5154,~~800~~700 X 5154,~~800~~700 McCormick & Co. Com Non Vtg. COM 579780206 260,327 5,684 X 5,684 Mutual Risk Mgmt. COM 628351108 ~~167~~136,~~765~~420 1817,~~850~~950 X 1817,~~850~~950 Philip Morris Cos. COM 718154107 1,~~758~~651,~~386~~421 34,~~648~~198 X 34,~~648~~198 Motorola Inc. COM 620076109 ~~990~~883,~~851~~490 5956,~~834~~634 X 5956,~~834~~634 Merck & Co. COM 589331107 2,~~210~~376,~~136~~288 3435,~~582~~680 X 3435,~~582~~680 ~~Merck~~---------- ~~& Co. COM 589331107 12~~15,~~782 200 X 200 Microsoft Corp. COM 594914104 223~~317,~~015~~664 ~~3,055 X 3,055~~ Nokia Corp ADR COM 654902204 ~~226~~187,~~280~~800 12,000 X 12,000 Nokia Corp ADR COM 654902204 2618,~~628~~780 1,200 X 1,200 Nextel Communication COM 65332V103 ~~826~~407,~~000~~808 47,200 X 47,200 ~~Quaker~~Pepsico ~~Oats~~ COM ~~747402105~~713448108 ~~155,125~~ 1,~~700 X 1~~733,~~700~~148 ~~---------- 18~~35,~~408,684~~735 ~~Quaker~~X ~~Oats COM 747402105 45~~35,~~625~~735 ~~500 X 500~~ Pepsico COM 713448108 ~~941~~65,~~460~~475 211,~~300~~350 X 211,~~300~~350 ~~Pepsico COM 713448108 8,840 200 X 200~~ Conseco Financing PREF 20847P205 ~~350~~291,~~366~~248 16,700 X 16,700 Trust V 8.7% Pfd TVA 6.75%, 6/1/28 PREF 880591300 ~~301~~311,~~887~~922 12,090 X 12,090 Ser D Pfd P 6/03 Pfizer Inc. COM 71708110 2,~~226~~712,~~420~~404 5567,~~591~~641 X 5567,~~591~~641 Pfizer Inc. COM 71708110 24,060 600 X 600 Proctor & Gamble COM 742718109 ~~257~~464,~~497~~837 46,~~036~~386 X 46,~~036~~386 Putnam Health Science Tr CL A COM 746778109 ~~213~~201,~~721~~525 3,127 X 3,127 Pilgrim Prime Rate Trust COM 72146W103 9485,~~341~~239 12,300 X 12,300 ~~T. Rowe Price Equity Income Fund COM 779547108 210,718 8,524 X 8,524~~ Qwest Communications COM 749121109 ~~534~~274,~~683~~147 16,~~777~~416 X 16,~~777~~416 Transocean Sedco COM G90078109 ~~326~~209,~~411~~959 7,~~913~~953 X 7,~~913~~953 Forex Inc. ~~T. Rowe Price Mid Cap Growth Fund COM 779556109 222,266 5,630 X 5,630~~ SBC Communications COM 78387G103 ~~467~~554,~~861~~838 11,~~679~~775 X 11,~~679~~775 Schering-Plough Corp. COM 806605101 2,~~574~~394,~~381~~323 7164,~~037~~537 X 7164,~~037~~537 ~~Schlumberger~~Seligman ~~Ltd.~~Growth Fd CL A COM ~~806857108~~816335103 145,~~786,832~~023 3111,~~016~~485 X 3111,~~016~~485 Schlumberger Ltd. COM 806857108 1,~~590~~388,~~872~~183 30,~~216~~376 X 30,~~216~~376 Schlumberger Ltd. COM 806857108 3127,~~590~~420 600 X 600 Staples Inc. COM 855030102 21,~~249~~793,~~457~~292 ~~140~~134,~~679~~329 X ~~140~~134,~~679~~329 ---------- 13,191,431 Steinroe Intermed Bond Fund COM 858420300 ~~143~~145,~~649~~112 16,250 X 16,250 Service Master Co. COM 81760N109 ~~387~~325,~~732~~059 3229,311 X 3229,311 ~~---------- 13,179,777~~ Teva Pharm Inds ADR COM 881624209 32,~~192~~952,~~875~~983 5148,~~250~~850 X 5148,~~250~~850 Thermo Electron Corp. COM 883556102 ~~365~~256,~~114~~870 1614,~~581~~231 X 1614,~~581~~231 TOTAL FINA ELF S.A. COM 89151E109 ~~916~~881,~~110~~528 13,050 X 13,050 T. Rowe Price Tax-Free Income Fund COM 779576107 ~~122~~124,~~199~~091 12,611 X 12,611 Texaco, Inc. COM 881694103 ~~329~~321,~~967~~750 4,950 X 4,950 Tyco International COM 902124106 2,~~954~~886,~~224~~793 5463,~~196~~446 X 5463,~~196~~446 Tyco International COM 902124106 4940,~~059~~950 900 X 900 Viacom Inc. Cl B COM 925524308 32,~~129~~061,~~116~~927 6059,~~466~~766 X 6059,~~466~~766 Verizon Comm COM 92343V104 ~~954~~940,~~868~~324 17,~~848~~378 X 17,~~848~~378 Wachovia Corp. COM 929771103 ~~316~~275,~~618~~900 48,~~450~~900 X 48,~~450~~900 Wells Fargo & Co. COM 949746101 ~~246~~280,~~079~~035 56,300 X 56,300 Wells Fargo & Co. COM 949746101 2322,~~215~~225 500 X 500 Wal-Mart COM 931142103 4,~~093~~102,~~100~~313 8382,875 X 8382,875 Exxon Mobil Corp. COM 30231G102 2,~~637~~376,~~533~~529 3060,~~195~~318 X 3060,~~195~~318 Exxon Mobil Corp. COM 30231G102 87,~~735~~880 ~~100~~200 X ~~100~~200 ---------- 1918,~~338~~002,~~811~~266 REPORT TOTALS ~~127~~104,~~729~~193,~~562~~426 ===========

Filing Compare · CALVERT INVESTMENT COUNSEL LTD PTNSHS/MD