UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 1999 Check here if Amendment [X] Amendment Number: 1 Institutional Investment Manager Filing this Report: Name: Monument Advisors, Ltd Address: 7920 Norfolk Avenue, Suite 500 Bethesda, Maryland 20853 Form 13F File Number: 28- 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: Peter L. Smith Title: Senior Vice President Compliance Phone: (301)215-7550 /s/ Peter L. Smith Bethesda, Maryland February 18, 2000 -------------------------------------------------------------------------------- Signature, Place, and Date of Signing: Report type (Check only one.): 13F HOLDINGS REPORT. [X] (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: [If there are no entries in this list, omit this section.] Form 13F File Number Name 28- Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: Form 13F Information Table Value Total: $145,190 ---------- (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 that the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] NONE No. Form 13F File Number Name 28- Form 13F INFORMATIONAL TABLE <TABLE> <CAPTION> NAME TITLE CUSIP VALUE SHRS SH/ INVESTMENT VOTING OF OF (x$1000) OR PRN. PRN DISCRETION AUTHORITY ISSUER CLASS AMT <S> <C> <C> <C> <C> <C> <C> <C> AES CORP COM 00130H105 36 485 SH DEFINED SOLE AT&T CORP COM 1957109 131 2600 SH DEFINED SOLE AMERICA ONLINE INC COM 02364J104 5309 61000 SH DEFINED SOLE ANHEUSER BUSH COS INC COM 35229103 57 810 SH DEFINED SOLE BANK OF AMERICA CORP COM 60505104 40 800 SH DEFINED SOLE BERKSHIRE HATHAWAY INC CL A 84670108 56 10 SH DEFINED SOLE CMGI COM 125750109 5969 22200 SH DEFINED SOLE CADBURY SCHWEPPES PLC ADR 127209302 47 50000 SH DEFINED SOLE CAPITAL ONE FINL CORP COM 14040H105 118 2445 SH DEFINED SOLE CENDANT CORP COM 151313103 32 1200 SH DEFINED SOLE CISCO SYS INC COM 17275R102 3337 31373 SH DEFINED SOLE CITIGROUP INC COM 172967101 93 1675 SH DEFINED SOLE COCA COLA ENTERPRISES COM 191219104 166 2850 SH DEFINED SOLE COMCAST CORP CL A 200300200 25 500 SH DEFINED SOLE COMPAQ COMPUTER COM 204493100 57 2100 SH DEFINED SOLE COMPUTER ASSOICATES COM 204912909 5 72 SH DEFINED SOLE DELL COMPUTER CORP COM 247025109 156 3050 SH DEFINED SOLE DIGITAL IS INC DEL COM 25385N101 2947 190 SH DEFINED SOLE DU PONT EI COM 263534109 53 800 SH DEFINED SOLE EARTHGRAINS CO COM 270319106 1 64 SH DEFINED SOLE EXXON MOBIL CORP COM 302290101 106 1310 SH DEFINED SOLE FEDERAL NAT MTG ASSN COM 313586109 97 1551 SH DEFINED SOLE FORD MTR CO COM 345370100 5 100 SH DEFINED SOLE GADZOOKS NETWORKS, INC COM 362555105 1941 42760 SH DEFINED SOLE GAP INC COM 364760108 10 208 SH DEFINED SOLE GENERAL ELEC CO COM 369604103 578 3733 SH DEFINED SOLE GILLETTE CO COM 375766102 21 500 SH DEFINED SOLE 3COM CORP COM 885535104 24 500 SH DEFINED SOLE TRICON GLOBAL RESTAURANTS COM 895953107 9 225 SH DEFINED SOLE UNISYS CORP COM 909214108 13 400 SH DEFINED SOLE XEROX CORP COM 984121103 13 572 SH DEFINED SOLE WALT DISNEY CO CO 254687106 91 3100 SH DEFINED SOLE HEALTHEON/WEBMD COM 422209106 13 350 SH DEFINED SOLE HEINZ (HJ) CO COM 423074103 8 200 SH DEFINED SOLE HEWLETT PACKARD CO COM 428236103 17 150 SH DEFINED SOLE HITACHI LTD ADR 433578507 38 233 SH DEFINED SOLE HOME DEPOT COM 437076102 41 600 SH DEFINED SOLE HUMAN GENOME SCIENCES COM 444903108 51 336 SH DEFINED SOLE INTEL CORP COM 458140100 2471 41660 SH DEFINED SOLE INTERNATIONAL BUSINESS MACHINES COM 459200101 38 350 SH DEFINED SOLE KLA TENCOR COM 482480100 111 1000 SH DEFINED SOLE KULICKE & SOFFA IND COM 501242101 43 1000 SH DEFINED SOLE LUCENT TECHNOLOGIES INC COM 549463107 189 2514 SH DEFINED SOLE MCI WORLDCOM, INC COM 55268B106 286 4897 SH DEFINED SOLE MARTEK BIOSCIENCES COM 572901106 6 500 SH DEFINED SOLE MCDONALDS CORP COM 580135101 24 600 SH DEFINED SOLE MEDTRONIC INC COM 585055106 117 3200 SH DEFINED SOLE MERCK & CO COM 589331107 369 5482 SH DEFINED SOLE MICROSOFT COM 549918104 3922 33460 SH DEFINED SOLE MORGAN STANLEY DEAN WITTER COM 617446448 86 600 SH DEFINED SOLE NCR CORP NEW COM 62886E108 0.341 9 SH DEFINED SOLE NIKE, INC CL B 654106103 25 500 SH DEFINED SOLE NORTEL NETWORKS CORP COM 656659100 3117 31400 SH DEFINED SOLE PEOPLESOFT, INC COM 712713106 21 1000 SH DEFINED SOLE PEPSICO, INC COM 713448108 41 1152 SH DEFINED SOLE PFIZER, INC COM 717081103 178 5500 SH DEFINED SOLE PRICELINE.COM COM 741503106 2 50 SH DEFINED SOLE PROCTOR & GAMBLE CO COM 742718109 150 1370 SH DEFINED SOLE PROVIDENT BANKSHARES CORP COM 743859100 0.173 10 SH DEFINED SOLE QWEST COMMUNICATIONS INC COM 749121109 60 1400 SH DEFINED SOLE REALNETWORKS, INC COM 75605L104 4082 34200 SH DEFINED SOLE SLM HOLDING CORP COM 78442A109 15 350 SH DEFINED SOLE SONY CORP ADR 835699307 199 700 SH DEFINED SOLE STAPLES, INC COM 855030102 53 2539 SH DEFINED SOLE SUN MICROSYSTEMS, INC COM 866810104 4798 61200 SH DEFINED SOLE THE CHARLES SCHWAB CORP COM 808513105 1824 47000 SH DEFINED SOLE ALLAIRE CORP COM 016714107 1584 11000 SH DEFINED SOLE ALCATEL ADR 013904305 2031 45000 SH DEFINED SOLE AMAZON COM INC COM 023135106 790 10000 SH DEFINED SOLE AMERITRADE HLDG CL A 03072H109 242 11000 SH DEFINED SOLE ARIBA INC COM 04033V104 2747 16000 SH DEFINED SOLE ARTIFICIAL LIFE INC COM 04314Q105 360 20000 SH DEFINED SOLE AWARE INC COM 05453N100 1641 46300 SH DEFINED SOLE BROADCOM CORP COM 111320107 2582 9500 SH DEFINED SOLE BROADVISION COM 111412102 6351 36100 SH DEFINED SOLE CAIS INTERNET INC COM 12476Q102 3021 94400 SH DEFINED SOLE CHECKFREE HLDGS CORP COM 162816102 2774 26500 SH DEFINED SOLE CLARENT CORP DEL COM 180461105 2116 30500 SH DEFINED SOLE COMMERCE ONE DEL COM 200693109 3045 15000 SH DEFINED SOLE COVAD COMMUNICATIONS GROUP INC COM 222814204 886 16000 SH DEFINED SOLE DIGIMARC CORP COM 253807101 1828 35500 SH DEFINED SOLE DOUBLECLICK INC COM 258609304 5925 24000 SH DEFINED SOLE DRKOOP COM INC COM 262098106 629 52400 SH DEFINED SOLE E TRADE GROUP INC COM 269246104 810 30000 SH DEFINED SOLE EARTHWEB INC COM 27032c108 1297 25000 SH DEFINED SOLE EBAY INC COM 278642103 675 5000 SH DEFINED SOLE ENTRUST TECHS INC COM 293848107 2934 48100 SH DEFINED SOLE GLOBIX CORP COM 37957F101 1525 13200 SH DEFINED SOLE IBASIS INC COM 450732102 1334 42000 SH DEFINED SOLE INFOSPACE COM INC COM 45678T102 4168 19500 SH DEFINED SOLE INKTOMI CORP COM 457277101 3410 18000 SH DEFINED SOLE INTERNET COM CORP COM 46059F109 1343 24500 SH DEFINED SOLE INTUIT COM 461202103 1821 30000 SH DEFINED SOLE LIQUID AUDIO INC COM 53631T102 1012 35500 SH DEFINED SOLE LYCOS INC COM 550818108 1646 20200 SH DEFINED SOLE MACROMEDIA INC COM 556100105 1469 20000 SH DEFINED SOLE MINDSPRING ENTERPRIZES INC COM 602683104 270 10000 SH DEFINED SOLE NBCINTERNET INC CL A 62873D105 1786 23200 SH DEFINED SOLE NETCETNIVES INC COM 64108P101 1860 30000 SH DEFINED SOLE NETWORK SOLUTIONS COM 64121Q102 1519 7000 SH DEFINED SOLE PHONE.COM INC COM 71920Q100 2068 18550 SH DEFINED SOLE PROXICOM INC COM 744282104 1105 10100 SH DEFINED SOLE PSI NET COM 74437C101 1564 25000 SH DEFINED SOLE S 1 CORP COM 78463B101 4094 54500 SH DEFINED SOLE TELEBANC FINANCIAL COM 87925R109 793 30000 SH DEFINED SOLE US WEB CORP COM 917327108 2214 48000 SH DEFINED SOLE USINTERNET WORKING INC COM 917311805 3127 46500 SH DEFINED SOLE VERIO INC COM 923433106 897 19000 SH DEFINED SOLE VERISIGN INC COM 92343E102 3831 21000 SH DEFINED SOLE VERTICALNET INC COM 92532L107 3110 20000 SH DEFINED SOLE VIGNETTE CORP COM 926734104 2538 15500 SH DEFINED SOLE WINSTAR COMM COM 975515107 1101 5000 SH DEFINED SOLE WIT CAPITAL GROUP INC COM 97737K309 814 47000 SH DEFINED SOLE ABBOTT LABS COM 002824100 37 2000 SH DEFINED SOLE AFFYMETRIX INC COM 00826T108 370 2000 SH DEFINED SOLE ALEXION PHARMACEUTICALS INC COM 015351109 231 8000 SH DEFINED SOLE ALKERMES INC COM 01642T108 68 1400 SH DEFINED SOLE AMGEN INC COM 031162100 182 2800 SH DEFINED SOLE ARQULE INC COM 04269E107 50 5000 SH DEFINED SOLE BIOCHEM PHARMA INC COM 09058T108 54 3000 SH DEFINED SOLE BIOGEN COM 090597105 170 2000 SH DEFINED SOLE CHIRON CORP COM 170040109 151 3500 SH DEFINED SOLE COR THERAPEUTICS INC COM 217753102 108 4000 SH DEFINED SOLE COULTER PHARMACEUTICAL INC COM 222116105 68 3000 SH DEFINED SOLE DU PONT EI COM 263534109 20 300 SH DEFINED SOLE CHARTER COMM INC CL A 16117M107 78 3500 SH DEFINED SOLE CHINA TELECOM ADR 169428109 69 550 SH DEFINED SOLE CIENA CORP COM 171779101 73 1300 SH DEFINED SOLE COM 21 INC COM 205937105 97 4200 SH DEFINED SOLE COPPER MOUNTAIN NETWORKS INC COM 217510106 101 2100 SH DEFINED SOLE ECI TELECOM LTD ORD 268258100 75 2400 SH DEFINED SOLE HELLENIC TELECOM ADR 423325307 48 4000 SH DEFINED SOLE I CABLE COMMUNICATIONS ADR 44934B104 26 1000 SH DEFINED SOLE INTERWOVEN INC COM 46114T102 24 200 SH DEFINED SOLE MGC COMMUNICATIONS INC COM 552763302 77 1600 SH DEFINED SOLE MICROMUSE INC COM 595094103 61 400 SH DEFINED SOLE MOTOROLA INC COM 620076109 81 550 SH DEFINED SOLE NOKIA CORP ADR 654902204 126 700 SH DEFINED SOLE ORTEL CORP COM 68749W102 34 300 SH DEFINED SOLE PARADYNE NETWORKS INC COM 69911G107 80 3000 SH DEFINED SOLE PMC-SIERRA INC COM 69344F106 75 500 SH DEFINED SOLE POWERWAVE TECHNOLOGIES INC COM 739363109 71 1300 SH DEFINED SOLE PRIMUS TELECOM GROUP COM 741929103 59 1600 SH DEFINED SOLE QUALCOMM INC COM 747525103 65 100 SH DEFINED SOLE SBC COMMUNICATIONS INC COM 78387G103 81 1700 SH DEFINED SOLE SCIENTIFIC ATLANTA INC COM 808655104 137 2400 SH DEFINED SOLE SOMERA COMMUNICATION COM 834458101 64 5000 SH DEFINED SOLE SYCAMORE NETWORKS INC COM 817206108 30 100 SH DEFINED SOLE TELEFONOS DE MEXICO ADR 879403400 17 150 SH DEFINED SOLE TELIGENT INC CL A 87959Y103 49 800 SH DEFINED SOLE TELLABS INC COM 879664100 69 1100 SH DEFINED SOLE TRITON PCS HOLDINGS INC CL A 89677M106 41 925 SH DEFINED SOLE VISUAL NETWORKS INC COM 928444108 56 700 SH DEFINED SOLE VODAFONE AIRTOUCH PLC ADR 92857T107 85 1700 SH DEFINED SOLE WILLIAMS COMMUNICATIONS GROUP CL A 969455104 58 2000 SH DEFINED SOLE ASTRAZENECA PLC ADR ADR 046353108 41 2000 SH DEFINED SOLE DURAMED COM 266354109 6 800 SH DEFINED SOLE ELAN PLC ADR 284131208 46 2600 SH DEFINED SOLE GENZYME CORP COM 372917104 92 2000 SH DEFINED SOLE GENZYME TRASNSGENICS CORP COM 37246E105 39 5000 SH DEFINED SOLE GILEAD SCIENCES INC COM 375558103 164 3000 SH DEFINED SOLE GLAXO WELCOME PLC ADR 37733W105 73 1300 SH DEFINED SOLE GUIDANT CORP COM 401698105 118 2500 SH DEFINED SOLE HUMAN GENOME SCIENCES INC COM 444903108 239 1500 SH DEFINED SOLE IDEC PHARMACEUTICLAS CORP COM 449370105 169 1800 SH DEFINED SOLE IMMUNEX CORP COM 452528102 174 1500 SH DEFINED SOLE INCYTE PHARMACEUTICALS INC COM 45337C102 92 1500 SH DEFINED SOLE INHALE THERAPEUTIC SYS INC COM 457191104 111 2600 SH DEFINED SOLE INVITROGEN CORP COM 46185R100 65 1200 SH DEFINED SOLE MEDICAL MANAGER CORP COM 584610103 82 1000 SH DEFINED SOLE MEDICALOGIC INC COM 584642102 94 3500 SH DEFINED SOLE MEDIMMUNE INC COM 584699102 136 1200 SH DEFINED SOLE MILLENNIUM PHARMACEUTICALS INC COM 599902103 171 1300 SH DEFINED SOLE MONSANTO CORP COM 611662107 71 2000 SH DEFINED SOLE PHARMACOPEIA INC COM 71713B104 48 2500 SH DEFINED SOLE PROTEIN DESIGN LABS INC COM 74369L103 78 1600 SH DEFINED SOLE QLT PHOTOTHERAPEUTICS INC COM 746927102 148 2500 SH DEFINED SOLE SEPRACOR INC COM 817315104 151 1500 SH DEFINED SOLE ST JUDE MED INC COM 790849103 55 1800 SH DEFINED SOLE SUPERGEN INC COM 868059106 69 3500 SH DEFINED SOLE VERTEX PHARMACEUTICALS INC COM 92532F100 69 3000 SH DEFINED SOLE ADAPTIVE BROADBAND CORP COM 00650M104 70 1000 SH DEFINED SOLE ADC TELECOM COM 000886101 72 1000 SH DEFINED SOLE ALPHA INDS INC COM 020753109 91 1600 SH DEFINED SOLE ANTEC CORP COM 03664P105 59 1700 SH DEFINED SOLE BROADWING INC COM 111620100 89 2400 SH DEFINED SOLE BROOKTROUT INC COM 114580103 66 3500 SH DEFINED SOLE </TABLE>