<PAGE>

                                      2000
================================================================================

               UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549
                        ______________________________

                                   FORM 10-K

 [X]  Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange
                                  Act of 1934

                  For the fiscal year ended December 31, 2000

    [_] Transition Report Pursuant to Section 13 or 15(d) of the Securities
                   Exchange Act of 1934 for the transition
                      period from _________ to _________

                        Commission File Number 1-14105
                       ________________________________

                          AVALON HOLDINGS CORPORATION
            (Exact name of registrant as specified in its charter)

              Ohio                                       34-1863889
   (State or other jurisdiction                       (I.R.S. Employer
 of incorporation or organization)                   Identification No.)


                One American Way, Warren, Ohio      44484-5555
           (Address of principal executive offices) (Zip Code)

      Registrant's telephone number, including area code: (330) 856-8800

          Securities registered pursuant to Section 12(b) of the Act:

                                                          Name of Each Exchange
           Title of Each Class                             on Which Registered
           -------------------                             -------------------

Class A Common Stock, $.01 par value                     American Stock Exchange


       Securities registered pursuant to Section 12(g) of the Act: None



Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.  Yes  x    No _____
                                       -----

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K.  [X]

The aggregate market value of Class A Common Stock held by non-affiliates of the
registrant on February 9, 2001 was $10.3 million. Assuming that the market value
of Avalon Holdings Corporation's Class B Common Stock was the same as its Class
A Common Stock by reason of its one-to-one conversion rights, the market value
of Class B Common Stock held by non-affiliates of the registrant on February 9,
2001 was approximately $4,900. The registrant had 3,185,240 shares of its Class
A Common Stock and 618,091 shares of its Class B Common Stock outstanding as of
March 2, 2001.

                      Documents Incorporated by Reference

1. Portions of the Avalon Holdings Corporation Annual Report to Shareholders for
   the year ended December 31, 2000 (Parts I and II of Form 10-K).
2. Portions of the Avalon Holdings Corporation Proxy Statement dated March 22,
   2001 (Part III of Form 10-K).

================================================================================
<PAGE>

                 AVALON HOLDINGS CORPORATION AND SUBSIDIARIES
                       _________________________________

As used in this report, the terms "Avalon," "Company," and "Registrant" mean
Avalon Holdings Corporation and its wholly owned subsidiaries, taken as a whole,
unless the context indicates otherwise.

                       _________________________________

                               TABLE OF CONTENTS

<TABLE>
<CAPTION>
Part I                                                                      Page
                                                                            ----
<S>                                                                         <C>
 Item 1.  Business.........................................................   1
 Item 2.  Properties.......................................................   6
 Item 3.  Legal Proceedings................................................   6
 Item 4.  Submission of Matters to a Vote of Security Holders..............   7


Part II

 Item 5.  Market for the Registrant's Common Equity and Related
          Stockholder Matters..............................................   8
 Item 6.  Selected Financial Data..........................................   8
 Item 7.  Management's Discussion and Analysis of Financial Condition
          and Results of Operations........................................   8
 Item 7A. Quantitative and Qualitative Disclosures About Market Risk.......   8
 Item 8.  Financial Statements and Supplementary Data......................   8
 Item 9.  Changes in and Disagreements with Accountants on Accounting and
          Financial Disclosure.............................................   8


Part III

 Item 10. Directors and Executive Officers of the Registrant...............   9
 Item 11. Executive Compensation...........................................  10
 Item 12. Security Ownership of Certain Beneficial Owners and Management...  10
 Item 13. Certain Relationships and Related Transactions...................  10


Part IV

 Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K.  11


Signatures.................................................................  13
</TABLE>

                      Note on Incorporation by Reference


Throughout this report various information and data are incorporated by
reference from Avalon's 2000 Annual Report to Shareholders (hereinafter referred
to as the "Annual Report to Shareholders"). Any reference in this report to
disclosures in the Annual Report to Shareholders shall constitute incorporation
by reference of that specific material into this Form 10-K.
<PAGE>

                                    PART 1

ITEM 1. BUSINESS

Spin-off
--------

  Pursuant to the terms of a Contribution and Distribution Agreement dated as of
May 7, 1998 between Avalon and American Waste Services, Inc. ("AWS"), AWS
contributed to Avalon its transportation operations, technical environmental
services operations, waste disposal brokerage and management operations, and
golf course and related operations together with certain other assets including
the headquarters of AWS and certain accounts receivable. In connection with the
contribution, Avalon assumed certain liabilities of AWS including, without
limitation, liabilities relating to the termination of employment of certain
employees of AWS and costs and potential liabilities relating to a certain legal
proceeding. On June 17, 1998 AWS distributed, as a special dividend, all of the
outstanding shares of capital stock of Avalon to the holders of AWS common stock
on a pro rata and corresponding basis (the "Spin-off").

General
-------

  Avalon was incorporated in Ohio on April 30, 1998 solely for the purpose of
effecting the Spin-off. Avalon is a holding company which owns subsidiaries that
historically performed the transportation operations, technical environmental
services operations, waste disposal brokerage and management operations and golf
course and related operations of AWS.

  In January 1990, AWS acquired Avalon's transportation companies: DartAmericA,
Inc. and its subsidiaries which provide hazardous and nonhazardous waste
transportation, transportation of general and bulk commodities, and
transportation brokerage and management services; and Envirco Transportation
Management, Inc., a waste transportation brokerage and management business.
These companies became subsidiaries of Avalon as a result of the Spin-off.

  In June 1990, AWS purchased approximately 5.6 acres of real estate located in
Warren, Ohio on which it constructed Avalon's 26,000 square foot office building
to serve as its corporate headquarters. In connection with the acquisition of
such property, Avalon Lakes Golf, Inc. ("ALGI") acquired the real and personal
property associated with the Avalon Lakes Golf Course, an 18-hole public golf
course adjacent to the office property. ALGI became a subsidiary of Avalon as a
result of the Spin-off.

  In October 1990, AWS acquired Avalon's environmental consulting, laboratory
and remediation companies: Earth Sciences Consultants, Inc., Antech Ltd., and
AWS Remediation, Inc. These technical environmental services firms are referred
to collectively as the "Earth Sciences Companies." The Earth Science Companies
became subsidiaries of Avalon as a result of the Spin-off.

  During 1995, American Waste Management Services, Inc., a subsidiary of AWS,
commenced its waste disposal brokerage and management operations. This company
became a subsidiary of Avalon as a result of the Spin-off.

  During the third quarter of 1997, a newly organized subsidiary of AWS,
American Landfill Management, Inc., started its captive landfill management
operations. This company became a subsidiary of Avalon as a result of the Spin-
off.

Business Segments Information
-----------------------------

  Avalon's business segments are transportation services, technical
environmental services, waste disposal brokerage and management services, and
golf and related operations. The transportation services, technical
environmental services and waste disposal brokerage and management services are
provided to industrial, commercial, municipal and governmental customers
primarily in selected northeastern and midwestern United States markets and are
therefore somewhat seasonal in nature. Avalon's transportation services segment
provides transportation of hazardous and nonhazardous waste, transportation of
general and bulk commodities and the brokerage and management of transportation
services. For the years 2000, 1999 and 1998, the net operating

                                       1
<PAGE>

revenues of the transportation services segment represented approximately 48%,
45% and 46%, respectively, of Avalon's total segments' net operating revenues.
Avalon's technical environmental services segment provides environmental
consulting, engineering, site assessments, analytical laboratory, remediation
and captive landfill management services. For the years 2000, 1999 and 1998, the
net operating revenues of the technical environmental services segment
represented approximately 28%, 32% and 31%, respectively, of Avalon's total
segments' net operating revenues. Avalon's waste disposal brokerage and
management services segment provides hazardous and nonhazardous waste disposal
brokerage and management services. For the years 2000, 1999 and 1998, the net
operating revenues of the waste disposal brokerage and management services
segment represented approximately 23%, 21% and 18%, respectively, of Avalon's
total segments' net operating revenues. Avalon's golf course and related
operations segment operates an 18-hole public golf course and travel agency. For
the years 2000, 1999 and 1998, the net operating revenues of the golf and
related operations segment represented approximately 1%, 2%, and 3%,
respectively, of Avalon's total segments' net operating revenues.

Transportation Services

  Avalon's transportation subsidiaries transport waste and other materials on
behalf of customers within the United States and portions of Canada and provide
transportation brokerage and management services, as well as intermodal
transportation services. The transportation operations have the equipment and
the expertise to transport virtually all types of waste and most commodity
products.

  DartAmericA, Inc. through its subsidiaries (collectively, "Dart"),
headquartered in Warren, Ohio, is engaged in the transportation of waste and is
a common carrier of both general and bulk commodities. Dart, which commenced
operations in 1965, also engages in the brokerage and management of
transportation.

  Dart is a fully licensed hazardous and nonhazardous waste carrier.
Approximately 79%, 72% and 65% of the revenue generated by Dart in 2000, 1999
and 1998, respectively, related to the transportation of waste. Hazardous waste
represented 37%, 56% and 63% of Dart's waste transportation revenues in 2000,
1999 and 1998, respectively.

  Dart, which is licensed as a common carrier in 49 states and several provinces
of Canada, derived 21%, 28% and 35% of its revenues in 2000, 1999 and 1998,
respectively, from the transportation of bulk commodities, such as coal, salt,
sand, ash, steel products and heavy machinery. A common carrier engaged in the
transportation of goods owned by others is subject to federal and state
regulations which establish operating and safety standards. Carriers are liable
for loss of or damage to goods entrusted to their care. Public liability and
property damage insurance is compulsory.

  A majority of the truck power units and a substantial number of the trailers
used by Dart are owned and operated by independent truckers who receive a
negotiated percentage of the gross revenue from carriage. Most of the
approximately 70 to 90 independent truckers who regularly provide services for
Dart have been doing so for a number of years. These independent truckers pay
for fuel and all other expenses with the exception of automotive liability
insurance, hazardous waste permits, special equipment required to carry
hazardous waste and other safety equipment, all of which are provided by Dart.
Equipment used by the independent truckers is inspected at least annually and is
subject to random inspections by Dart. See Item 2--"Properties."

  Waste is transported by roll-off trailers, specialized tankers, van trailers,
dump trailers or flatbed trailers to treatment and disposal facilities. Dart
leases roll-off containers to customers which fill the containers with waste as
it is generated. Using specially designed trailers, Dart periodically picks up
and replaces the containers, which it transports to approved facilities for
disposal. See Item 2--"Properties."

  Dart also provides transportation brokerage and management services to a
variety of customers. Dart maintains lists of approved transporters, which it
periodically reviews and updates, and Dart will only engage transporters that it
believes are reliable and efficient in providing the services required in
accordance with Dart's standards. Subsequent to the Spin-off, the waste
transportation brokerage and management operations of Envirco Transportation
Management, Inc. were consolidated with the operations of Dart.

  During 2000, three customers of the transportation services segment accounted
for approximately 18%, 12% and 12%, respectively, of the segment's net operating
revenues to external customers.

                                       2
<PAGE>

Technical Environmental Services

  The Earth Sciences Companies, headquartered in Export, Pennsylvania, provide a
wide range of technical environmental services, including environmental impact
studies, landfill design, permitting, site assessments, waste management and
minimization, consulting, laboratory services, site remediation, and
environmentally related construction activities, including removal of
underground storage tanks, conducting landfill closures and performing
decommissioning activities. These companies also provide hazardous and
nonhazardous waste management, groundwater remediation and underground storage
tank management. The Earth Sciences Companies are often engaged to perform a
remedial investigation/feasibility study ("RI/FS"), which first entails
performing a site assessment involving the gathering of samples from a
contaminated site, followed by laboratory analyses to establish or verify the
nature and extent of the contaminants. Alternative solutions to remedy the
particular problem are then developed, evaluated and presented to the client.
The Earth Sciences Companies are equipped to implement the mitigation and
decontamination program then selected by the client and approved by the
appropriate regulatory agency. When implementing such a program, the Earth
Sciences Companies may employ the transportation, management and/or brokerage
services of its affiliated companies. The Earth Sciences Companies also possess
the expertise to perform the evaluation and analysis necessary to advise clients
on compliance with federal and state environmental regulations, and have
assisted clients in developing waste management and compliance policies,
including the development of plans for waste minimization and disposal. The
Earth Sciences Companies also provide services related to the evaluation of the
environmental condition of real estate for law firms, banks or potential
purchasers, as well as expert environmental testimony in legal proceedings.

  The Earth Sciences Companies provide comprehensive organic, inorganic and
radiochemical laboratory services, including water and wastewater analyses,
waste characterization, sludge, soil and rock analyses and related bench studies
for wastewater treatment and process design.

  American Landfill Management, Inc. ("ALMI") is a landfill management company
that provides technical and operational services to customers owning captive
disposal facilities. A captive disposal facility only disposes of waste
generated by the owner of such facility. ALMI provides turnkey services,
including daily operations, facilities management and management reporting for
its customers. Currently, ALMI manages one captive disposal facility located in
Ohio.

  During 2000, one customer of the technical environmental services segment
accounted for approximately 26.7% of the segment's net operating revenues to
external customers.

Waste Disposal Brokerage and Management Services


  American Waste Management Services, Inc. ("AWMS") assists customers with
managing and disposing of wastes at approved treatment and disposal sites based
upon a customer's needs.

  Because waste generators remain liable for their waste both before and after
disposal, they require assurance that their waste will be safely and properly
transported, treated and disposed of. To give customers this confidence, as well
as to limit its own potential liability, AWMS has instituted procedures designed
to minimize the risks of improper handling or disposal of waste.

  Prior to AWMS providing waste brokerage or management services, a potential
customer must complete a detailed questionnaire setting forth the amount,
chemical composition and any special characteristics for each separate waste to
be handled. Representative samples of the waste are analyzed by a state or
federally certified laboratory. In addition, an AWMS representative generally
inspects the process generating the waste, the location where the waste may be
temporarily stored or the site of the remediation project producing the waste,
and interviews representatives of the generator familiar with the waste. This
inspection, along with the laboratory results, allows AWMS to determine whether
the waste is within acceptable parameters for disposal and, if so, what special
handling and treatment procedures must be instituted. If the waste is
continuously generated, new representative samples are tested on a periodic
basis.

  These procedures are important to both AWMS and its customers since the key to
proper handling of waste is accurate identification. Hazardous waste which is
not identified as such and thus improperly disposed of can

                                       3
<PAGE>

result in substantial liability to the waste generator, the disposal facility,
AWMS and potentially to all other waste generators that have used the disposal
site. Conversely, waste that could safely and legally be disposed of in a solid
waste landfill but is instead sent to a hazardous waste facility for treatment
and disposal will result in substantial and unnecessary expense to the
generator.

Golf and Related Operations

  Avalon Lakes Golf, Inc. ("ALGI") owns and operates a travel agency and a Pete
Dye designed championship golf course located in Warren, Ohio. ALGI hosted a
Ladies Professional Golf Association ("LPGA") tournament event from 1994 through
2000. During the third quarter of 1999, ALGI closed the golf course to make
significant capital improvements to the course and related facilities. The golf
course resumed operations on a limited basis during the third quarter of 2000.
ALGI generates its revenue from greens fees, cart rentals, merchandise sales and
booking travel reservations. As a result of ALGI being located in northeast
Ohio, the public golf course is significantly dependent upon weather conditions
during the golf season.

Governmental Regulations

  In order to transport hazardous waste and, in certain cases, nonhazardous
solid waste, Avalon's transportation operations must possess and maintain one or
more state operating permits. These operating permits must be renewed annually
and are subject to modification and revocation by the issuing agency. In
addition, Avalon's waste transportation operations are subject to evolving and
expanding operational, monitoring and safety requirements.

  In the ordinary course of their operations, Avalon's subsidiaries may from
time to time receive citations, notices or comments from regulatory authorities
that such operations are not in compliance with applicable environmental
regulations. These agencies may seek to impose fines, or revoke or deny renewal
of operating permits or licenses, or require the remediation of environmental
problems resulting from Avalon's transportation or waste brokerage operations.
Upon receipt of such citations, notices or comments, the appropriate subsidiary
works with the authorities in an attempt to resolve the issues raised. Failure
to correct the problems to the satisfaction of the authorities could lead to
fines and/or a curtailment or cessation of certain operations.

  The federal government and numerous state and local governmental bodies are
increasingly considering, proposing or enacting legislation or regulations to
either restrict or impede the disposal and/or transportation of waste. A
significant portion of Avalon's disposal brokerage and transportation revenues
is derived from the disposal or transportation of out-of-state waste. Any law or
regulation restricting or impeding the transportation of waste or the acceptance
of out-of-state waste for disposal could have a significant negative effect on
Avalon. Avalon's transportation operations may also be affected by the trend
toward laws requiring the development of waste reduction and recycling or other
programs.

Sales and Marketing

  Avalon's sales and marketing approach is decentralized, with each operation
being responsible for its own sales and marketing efforts. Each operation
employs its own sales force which concentrates on expanding its business.

Competition

  The markets for the transportation of hazardous and nonhazardous waste and for
the transportation of general and bulk commodities are each highly competitive.
There are numerous participants, and no one transporter has a dominant market
share. Avalon competes primarily with other short and long-haul carriers for
both truckload and less than truckload shipments. Competition for the
transportation of waste is based on the ability of the carrier to transport the
waste at a competitive price and in accordance with applicable regulations.
Competition for the transportation of commodities is based primarily on price
and service. As is the case with any transportation company, Avalon's costs
depend on the price and availability of diesel fuel. During 2000 and continuing
into the first quarter of 2001, a substantial increase in fuel prices subjected
Avalon to increased operating expenses, which Avalon has not and will not be
able to entirely pass on to its customers.

                                       4
<PAGE>

  Avalon's technical environmental services operations compete with numerous
large and small companies, each of which is able to provide one or more of the
environmental services offered by Avalon and some of which have greater
financial resources. Avalon attempts to develop relationships with clients who
have an ongoing need for its integrated technical environmental services. The
availability of skilled technical personnel, the quality of performance and
service, and fees are the key competitive factors in developing such
relationships.

  The hazardous and nonhazardous waste disposal brokerage and management
business is highly competitive and fragmented. Avalon's waste disposal brokerage
and management business competes with other brokerage companies as well as with
companies which own treatment and disposal facilities. In addition to price,
knowledge and service are the key factors when competing for waste disposal
brokerage and management business.

  Avalon's waste disposal brokerage and management operations obtain and retain
customers by providing service and identifying cost-efficient disposal options
unique to a customer's needs. Continued consolidation within the solid waste
industry has resulted in reducing the number of disposal options available to
waste generators and has caused disposal pricing to increase. Avalon does not
believe that pricing changes alone will have a material effect upon its waste
disposal brokerage and management operations. However, consolidation will have
the effect of reducing the number of competitors offering disposal alternatives,
which may adversely impact the future financial performance of Avalon's waste
disposal brokerage and management operations.

  Avalon's golf course and related operations are located in Warren, Ohio and
the golf course is significantly dependent on weather conditions during the golf
season. The public golf course competes with many public and private courses in
the area.

Insurance

  Avalon carries $21,000,000 of comprehensive general liability insurance
coverage for Avalon and its subsidiaries (other than with respect to ALGI, which
has separate insurance). This policy includes coverage for automobile liability
(including a pollution liability endorsement which covers certain liabilities
from spills), comprehensive property damage and other customary coverage. Dart
self-insures collision risks. The Earth Sciences Companies also maintain
professional and contractors pollution liability coverages. No assurance can be
given that such insurance will be available in the future or, if available, that
the premiums for such insurance will be reasonable.

  If Avalon were to incur a substantial liability for damages not covered by
insurance or in excess of its policy limits or at a time when Avalon no longer
is able to obtain appropriate liability insurance, its financial condition could
be materially, adversely affected. Avalon has entered into contracts with
governmental authorities for a variety of environmental services. Typically,
such contracts require surety bonds or other financial instruments to assure
performance under the terms thereof. Avalon has obtained in the past, and
expects to be able to obtain in the future, such bonds or other financial
instruments.

Employees

  As of December 31, 2000, Avalon had 450 employees, 201 of whom were employed
in transportation operations, 189 of whom were employed in technical
environmental services, 20 of whom were employed by the waste disposal brokerage
and management operations, 10 of whom were employed by the golf course and
related operations and 30 of whom were employed in financial and administrative
activities. Avalon believes that it has a good relationship with its employees.

Other Business Factors

  None of Avalon's business segments is materially dependent on patents,
trademarks, licenses, franchises or concessions, other than permits, licenses
and approvals issued by regulatory agencies. Avalon does not sponsor significant
research and development activities.

                                       5
<PAGE>

ITEM 2. PROPERTIES

  Dart provides transportation services from locations in Canfield, Ohio (where
Dart owns an 18,800 square foot facility); Oxford, Massachusetts (where Dart
leases a 5,760 square foot terminal); Kenova, West Virginia (where Dart leases a
1,500 square foot terminal); Chicago, Illinois (where Dart leases a 500 square
foot terminal and leases a 5,100 square foot maintenance facility); Bedford, New
Hampshire (where Dart leases a 300 square foot terminal; and Paulsboro, New
Jersey (where Dart leases a 1,000 square foot terminal). At December 31, 2000,
the transportation operations owned a fleet of 20 power units (in addition to
144 power units which are leased), 305 trailers (in addition to 176 trailers
which are leased and 33 which are rented), and 682 roll-off and other
containers. In addition, 90 to 110 power units and 130 to 150 trailers owned by
independent owner/operators are available for use in Dart's operations.

  The Earth Sciences Companies own their main offices and laboratory facilities
located in a 48,000 square foot building in Export, Pennsylvania. In addition,
13,000 square feet is leased for field equipment and vehicle storage and
dispatch in Murrysville, Pennsylvania. The Earth Sciences Companies also own
numerous pieces of laboratory, field, computer and other equipment.

  The captive landfill management operations use approximately six pieces of
equipment (such as a bulldozer, excavator and backhoe) all of which are owned or
leased by ALMI.

  ALGI owns an 18-hole public golf course on approximately 200 acres, a
maintenance and storage building of approximately 12,000 square feet, a pro shop
and restaurant building of approximately 10,400 square feet, and a banquet
facility of approximately 7,000 square feet. All the facilities are located in
Warren, Ohio.

  Avalon owns a 26,000 square foot headquarters building located on
approximately 5.6 acres of property in Warren, Ohio adjacent to the golf course.
The corporate and administrative offices of Dart, ALMI, and American Waste
Management Services, Inc. are each located at the headquarters building of
Avalon in Warren, Ohio.

  Generally, Avalon's fixed assets are in good condition and are satisfactory
for the purposes for which they are intended.

ITEM 3. LEGAL PROCEEDINGS

     In September 1995, certain subsidiaries of Avalon were informed that they
had been identified as potentially responsible parties by the Indiana Department
of Environmental Management with respect to a Fulton County, Indiana, hazardous
waste disposal facility which is subject to remedial action under Indiana
Environmental Laws. Such identification was based upon the subsidiaries having
been involved in the transportation of hazardous substances to the facility. A
large number of waste generators and other waste transportation and disposal
companies were also identified as responsible or potentially responsible parties
with respect to this facility. During the fourth quarter of 1999, Avalon became
a party to an Agreed Order and a Participation Agreement regarding the
remediation of a portion of this site. The Participation Agreement provides for,
among other things, the allocation of all site remediation costs except for
approximately $3 million.

  The extent of any ultimate liability of any of Avalon's subsidiaries with
respect to these additional costs is unknown. The measurement of environmental
liabilities is inherently difficult and the possibility remains that
technological, regulatory or enforcement developments, the results of
environmental studies or other factors could materially alter Avalon's
expectations at any time. Currently, however, because of the expected sharing
among responsible and potentially responsible parties, the availability of legal
defenses, and typical settlement results, Avalon currently estimates that the
ultimate liability for this matter will be consistent with the amounts recorded
on Avalon's financial statements.

  In addition to the foregoing, in the ordinary course of conducting its
business, Avalon also becomes involved in lawsuits, administrative proceedings
and governmental investigations, including those relating to environmental
matters. Some of these proceedings may result in fines, penalties or judgments
being assessed against Avalon which, from time to time, may have an impact on
its business and financial condition. Although the outcome of such lawsuits or
other proceedings cannot be predicted with certainty, Avalon does not believe

                                       6
<PAGE>

that any uninsured ultimate liabilities, fines or penalties resulting from such
pending proceedings, individually or in the aggregate, would have a material
adverse effect on it. See Item 1. "Business--Insurance."

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

  No matters were submitted to a vote of Avalon's security holders during the
fourth quarter of 2000.

                                       7
<PAGE>

                                    PART II

  Information with respect to the following items can be found on the indicated
pages of Exhibit 13.1, the 2000 Annual Report to Shareholders if not otherwise
included herein.

ITEM 5. MARKET FOR THE REGISTRANT'S COMMON EQUITY AND RELATED
        STOCKHOLDER MATTERS
                                                                         Page(s)
                                                                         -------
Common stock information................................................   26
Dividend policy.........................................................   26


ITEM 6. SELECTED FINANCIAL DATA
The information required by this item is included in the Digest of
 Financial Data for the years 1996 through 2000 under the captions Net
 operating revenues, Net income (loss), Net income (loss) and pro forma
 net loss per share, Total assets and Long-term debt....................   23


ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
        CONDITION AND RESULTS OF OPERATIONS
Management's Discussion and Analysis of Financial Condition
 and Results of Operations..............................................   2-8


ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES
         ABOUT MARKET RISK
The information set forth under the subcaption "Market Risk" contained
 in Item 7, "Management's Discussion and Analysis of Financial Condition
 and Results of Operations" is incorporated herein by reference.


ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Independent auditor's report regarding financial statements as of
 December 31, 2000 and 1999 and for each of the years in the two-year
 period ended December 31, 2000.........................................   21

Independent auditor's report regarding financial statements as of
 December 31, 1998 and for the year ended December 31, 1998.............   22

Financial Statements:
 Consolidated Balance Sheets, December 31, 2000 and 1999................    9
 Consolidated Statements of Operations for the years ended December 31,
  2000, 1999 and 1998...................................................   10
 Consolidated Statements of Cash Flows for the years ended December 31,
  2000, 1999 and 1998...................................................   11
 Consolidated Statements of Shareholders' Equity for each of the years
  in the three-year period ended December 31, 2000......................   12
 Notes to Consolidated Financial Statements.............................   13-21

  Information regarding financial statement schedules is contained in Item 14(a)
of Part IV of this report.


ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
        ACCOUNTING AND FINANCIAL DISCLOSURE
 None

                                       8
<PAGE>

                                   PART III

ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

  The information required by Item 10 regarding Directors is contained under the
caption "Election of Directors" in the Registrant's definitive Proxy Statement
for its 2001 Annual Meeting of Shareholders (the "Proxy Statement") which will
be filed with the Securities and Exchange Commission, pursuant to Regulation
14A, not later than 120 days after the end of the fiscal year, which information
under such caption is incorporated herein by reference. The following
information with respect to the Executive Officers of Avalon is included
pursuant to Instruction 3 of Item 401(b) of Regulation S-K:

<TABLE>
<CAPTION>
        Name           Age                                          Position
        ----           ---                                          --------
<S>                    <C>             <C>
Ronald E. Klingle      53              Chairman of the Board, Chief Executive Officer and a Director
Timothy C. Coxson      50              Treasurer and Chief Financial Officer
Jeffrey M. Grinstein   40              General Counsel and Secretary
Frances R. Klingle     54              Chief Administrative Officer and Controller
Steve G. Kilper        41              Chief Executive Officer of the Earth Science Companies and American
                                       Landfill Management, Inc. and a Director
Kenneth J. McMahon     46              Chief Executive Officer and President of American Waste Management
                                       Services, Inc.
</TABLE>

  The above-listed individuals have been elected to the offices set opposite
their names to hold office at the discretion of the Board of Directors of Avalon
or its subsidiaries, as the case may be.


  Ronald E. Klingle has been a director, Chairman of the Board and Chief
Executive Officer since June 1998. He had been Chairman, Chief Executive Officer
and a director of American Waste Services, Inc. since December 1988. Mr. Klingle
has approximately 30 years of environmental experience and received his Bachelor
of Engineering degree in Chemical Engineering from Youngstown State University.
Mr. Klingle is the spouse of Frances R. Klingle who is the Chief Administrative
Officer and Controller of Avalon.

  Timothy C. Coxson has been Treasurer and Chief Financial Officer since June
1998. He had been Executive Vice President, Finance, Treasurer and Chief
Financial Officer and a director of American Waste Services, Inc. since May
1995. He received a Bachelor of Business Administration degree in Accounting
from The Ohio State University.

  Jeffrey M. Grinstein has been General Counsel and Secretary since June 1998.
He had been an Executive Vice President, General Counsel and Secretary of
American Waste Services, Inc. since December 1992. Mr. Grinstein was previously
with the Youngstown, Ohio law firm of Nadler, Nadler & Burdman Co. L.P.A. He
received his Bachelor of Business Administration degree from Emory University
and his Doctor of Jurisprudence degree from The Ohio State University.

  Frances R. Klingle has been Chief Administrative Officer and Controller since
June 1998. She had been Controller of American Waste Services, Inc. since June
1986. Ms. Klingle received a Bachelor of Arts degree in French from Kent State
University and has completed postgraduate work in accounting at Youngstown State
University. Ms. Klingle is the spouse of Ronald E. Klingle who is Chairman of
the Board, Chief Executive Officer and a director of Avalon.

  Stephen G. Kilper has been director of Avalon since October 1999. He has been
Chief Executive Officer of Avalon's technical environmental services operations
since June 1998. Mr. Kilper was Executive Vice President, Disposal Services, and
a director of American Waste Services, Inc. and Chief Executive Officer of its
wholly owned disposal subsidiaries from October 1995 to June 1998. Mr. Kilper
received his degree in Agricultural Engineering from the University of
Wisconsin - Madison.

  Kenneth J. McMahon has been Chief Executive Officer and President of American
Waste Management Services, Inc. since June 1998. Mr. McMahon had previously been
Executive Vice President, Sales and a director

                                       9
<PAGE>

of American Waste Services, Inc. since September 1996. Mr. McMahon received a
Bachelor of Business Administration degree in finance and his Master of Business
Administration degree from Youngstown State University.

ITEM 11. EXECUTIVE COMPENSATION

  The information required by Item 11 is contained under the captions "Meetings
and Committees of the Board" and "Compensation of Directors and Executive
Officers" in the Proxy Statement. The information under such captions is
incorporated herein by reference, except that information contained under
subpart captions "Board Committee Reports on Executive Compensation" and
"Performance Graph" are specifically not incorporated herein.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
         MANAGEMENT

  The information required by Item 12 is contained under the captions "Voting
Securities and Principal Holders Thereof" and "Stock Ownership of Management" in
the Proxy Statement which information under such captions is incorporated herein
by reference.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

  Avalon did not have any transactions during fiscal 2000 with any director,
director nominee, executive officer, security holder known to Avalon to own of
record or beneficially more than 5% of Avalon's Common Stock, or any member of
the immediate family of any of the foregoing persons, in which the amount
involved exceeded $60,000.

                                       10
<PAGE>

                                    PART IV

ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K

(a)  The following documents are filed as part of this report:

     1.   Financial Statements and Independent Auditors' Reports (See Part II,
          Item 8 of this report regarding incorporation by reference from the
          Annual Report to Shareholders)

     2.   Financial Statement Schedules required to be filed by Item 8 and
          Paragraph (d) of this Item 14.

     The following financial statement schedule, which is applicable for years
ended December 31, 2000, 1999 and 1998, should be read in conjunction with the
previously referenced financial statements.

          Independent Auditors' Reports on Financial Statement Schedule
          Schedule II - Valuation and Qualifying Accounts

     Such independent auditors' reports and financial statement schedule are at
pages 14 through 16 of this report. The other schedules are omitted because of
the absence of conditions under which they are required or because the
information required is shown in the consolidated financial statements or the
notes thereto.

     3.   Exhibits

     Registrant will furnish to any shareholder, upon written request, any of
the following exhibits upon payment by such shareholder of the Registrant's
reasonable expenses in furnishing any such exhibit.

Exhibit No.
-----------

     2.1  Agreement and Plan of Merger, dated as of February 6, 1998, entered
          into by and among USA Waste Services, Inc. ("USA"), C&S Ohio Corp. and
          American Waste Services, Inc. ("AWS"), incorporated herein by
          reference to Avalon Holdings Corporation Registration Statement on
          Form 10, Exhibit 2.1

     2.2  Form of Contribution and Distribution Agreement, dated as of May 7,
          1998, by and between AWS and Avalon Holdings Corporation ("Avalon"),
          incorporated herein by reference to Avalon Holdings Corporation
          Registration Statement on Form 10, Exhibit 2.2

     3.1  Articles of Incorporation of Avalon incorporated herein by reference
          to Avalon Holdings Corporation Registration Statement on Form 10,
          Exhibit 3.1

     3.2  Code of Regulations of Avalon incorporated herein by reference to
          Avalon Holdings Corporation Registration Statement on Form 10, Exhibit
          3.2

     4.1  Form of certificate evidencing shares of Class A common stock, par
          value $.01, of Avalon Holdings Corporation incorporated herein by
          reference to Avalon Holdings Corporation Registration Statement on
          Form 10, Exhibit 4.1

    10.1  Form of Tax Allocation Agreement, dated as of May 7, 1998, by and
          among AWS, Avalon and USA incorporated herein by reference to Avalon
          Holdings Corporation Registration Statement on Form 10, Exhibit 10.1

    10.2  Avalon Holdings Corporation Long-Term Incentive Plan incorporated
          herein by reference to Avalon Holdings Corporation Registration
          Statement on Form 10, Exhibit 10.2

    11.1  Omitted--inapplicable. See "Basic net income (loss) per share and pro
          forma net loss per share" on page 15 of the 2000 Annual Report to
          Shareholders

    13.1  Avalon Holdings Corporation 2000 Annual Report to Shareholders (except
          pages and information therein expressly incorporated by reference in
          this Form 10-K, the Annual Report to Shareholders is provided for the
          information of the Commission and is not be deemed "filed" as part of
          the Form 10-K)

    21.1  Subsidiaries of Avalon Holdings Corporation

                                       11
<PAGE>

(b)  Reports on Form 8-K

          On December 15, 2000, Avalon Holdings Corporation announced a stock
          repurchase program.

(c)  Reference is made to Item 14 (a)(3) above for the index of Exhibits.

(d)  Reference is made to Item 14 (a)(2) above for the index to the financial
     statements and financial statement schedules.

                                       12
<PAGE>

                                  SIGNATURES


  Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized, on the 22nd day of March,
2001.


                                             AVALON HOLDINGS CORPORATION
                                             (Registrant)


                                             By /s/ TIMOTHY C. COXSON
                                             -------------------------------
                                             Timothy C. Coxson - Treasurer and
                                             Chief Financial Officer


                           __________________________


  Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of the
Registrant and in the capacities indicated, on the 22nd day of March, 2001.



         Signatures                                    Title
         ----------                                    -----

/s/ RONALD E. KLINGLE                        Chairman of the Board, Chief
-----------------------------------------
Ronald E. Klingle                            Executive Officer and Director


/s/ STEPHEN G. KILPER                        Director
-----------------------------------------
Stephen G. Kilper


/s/ SANFORD B. FERGUSON                      Director
-----------------------------------------
Sanford B. Ferguson


/s/ ROBERT M. ARNONI                         Director
-----------------------------------------
Robert M. Arnoni


/s/ STEPHEN L. GORDON                        Director
-----------------------------------------
Stephen L. Gordon

                                       13
<PAGE>

                         Independent Auditors' Report
                         ----------------------------


The Shareholders and Board of Directors
of Avalon Holdings Corporation:

Under date of March 2, 2001, we reported on the consolidated balance sheets of
Avalon Holdings Corporation and subsidiaries as of December 31, 2000 and 1999,
and the related consolidated statements of operations, shareholders' equity, and
cash flows for the years then ended, as contained in the 2000 Annual Report to
Shareholders. These consolidated financial statements and our report thereon are
incorporated by reference in the annual report on Form 10-K for the year 2000.
In connection with our audits of the aforementioned consolidated financial
statements, we also have audited the 2000 and 1999 information included in the
related financial statement schedule as listed in the accompanying index. The
2000 and 1999 information included in the financial statement schedule is the
responsibility of the Company's management. Our responsibility is to express an
opinion on the 2000 and 1999 information included in the financial statement
schedule based on our audits.

In our opinion, the 2000 and 1999 information included in the financial
statement schedule, when considered in relation to the basic consolidated
financial statements taken as a whole, presents fairly, in all material
respects, the information set forth therein.



Grant Thornton LLP


Cleveland, Ohio
March 2, 2001

                                       14
<PAGE>

                         Independent Auditors' Report
                         ----------------------------



The Shareholders and Board of Directors
of Avalon Holdings Corporation:

Under date of March 10, 1999, we reported on the consolidated statements of
operations, shareholders' equity, and cash flows of Avalon Holdings Corporation
and subsidiaries (formerly the Avalon Business of American Waste Services, Inc.)
for the year ended December 31, 1998, which are included in the 2000 Annual
Report to Shareholders. These consolidated financial statements and our report
thereon are incorporated by reference in the annual report on Form 10-K for the
year 2000. In connection with our audit of the aforementioned consolidated
financial statements, we also have audited the related 1998 information included
in the financial statement schedule entitled Schedule II - Valuation and
Qualifying Accounts, included in the Form 10-K for the year 2000. This financial
statement schedule is the responsibility of the Company's management. Our
responsibility is to express an opinion on the financial statement schedule
based on our audit.

In our opinion, such financial statement schedule, when considered in relation
to the basic consolidated financial statements taken as a whole, presents
fairly, in all material respects, the information set forth therein.



KPMG LLP


Cleveland, Ohio
March 10, 1999

                                       15
<PAGE>

                 AVALON HOLDINGS CORPORATION AND SUBSIDIARIES
                SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS
             FOR THE YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
                            (thousands of dollars)






<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------
                                                                Additions
          DESCRIPTION                  Balance at                                          Deductions  Balance at End of
                                                      -----------------------------------
                                      Beginning of                                            (1)            Year
                                          Year        Charged to Costs   Charged to Other
                                                        and Expenses         Accounts
------------------------------------------------------------------------------------------------------------------------
<S>                                   <C>             <C>                <C>               <C>         <C>
Allowance for Doubtful Accounts:

Year ended December 31,

   2000..............................     $790              $905               $--           $1,249          $446
                                          ====              ====               ===           ======          ====

   1999..............................     $740              $231               $--           $  181          $790
                                          ====              ====               ===           ======          ====

   1998..............................     $544              $326               $--           $  130          $740
                                          ====              ====               ===           ======          ====
</TABLE>



(1)  Accounts receivables written-off as uncollectible, net of recoveries.

                                       16
<PAGE>

                 AVALON HOLDINGS CORPORATION AND SUBSIDIARIES


                                 EXHIBIT INDEX

                          ___________________________



                    Exhibit
                    -------


13.1    2000 Annual Report to Shareholders


21.1    Subsidiaries of Avalon Holdings Corporation