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Previous: GELTEX PHARMACEUTICALS INC, 10-Q, 1998-05-14 |
Next: LEXINGTON GLOBAL ASSET MANAGERS INC, 10-Q, 1998-05-14 |
United States
Securities and Exchange Commission
Washington, DC 20549
FORM 13F
FORM 13F Cover Page
Report for the Calendar Year or Quarter Ended: 03/31/98
Check here if Amendment: [ ] Amendment number: [ ]
This Amendment (check only one):
[ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager filing this Report:
Lexington Global Asset Managers, Inc.
Park 80 West Plaza Two
Saddle Brook, New Jersey, 07663
13F File Number:
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 to contact for further information:
Peter Corniotes (201) 845-7300
Person signing this Report on Behalf of the Reporting Manager:
Name: Lisa Curcio
Title: Secretary
Phone: (201) 845-7300
Signature, Place and Date of Signing:
/s/ Lisa Curcio
Saddle Brook, New Jersey
May 14, 1998
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)).
REPORT SUMMARY
Number of Other Included Managers: 2
Form 13F Information Table Entry Total:
Form 13F Information Table Value Total: $1,681,504,022
List of Other Included Managers:
No. 13F File Number Name
- ------------------------------------------------------------------
1. 028-0797 Lexington Management Corporation
- ------------------------------------------------------------------
2. 028-6806 Market Systems Research Advisors, Inc.
- ------------------------------------------------------------------
Notes have been included at the end of this Report.
<TABLE>
Lexington Global Asset Managers, Inc.
FORM 13F
March 31, 1998
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock U.S.
- -----------------
ACE LTD COM G0070K103 21,274,594 564,500 1 1 39,000 525,500
ALLIANCE CAPITAL MGMT COM 018548107 363,125 7,000 1 2 7,000
ALLIED CAPITAL CORP COM 01903q108 415,313 15,000 1 2 15,000
ALLIEDSIGNAL INC COM 019512102 11,603,550 276,275 1 1 33,600 242,675
ALLSTATE CP COM 020002101 1,415,838 15,400 1 2 15,400
AMERICAN EXPRESS CO COM 025816109 183,625 2,000 1 1 2,000
1,524,088 16,600 1 2 16,600
ANADARKO PETE CORP COM 032511107 1,794,000 26,000 1 1,2 26,000
ANGLO AMERICAN PLATINUM COM 603992108 965,396 62,790 1 1 62,790
AON CORP COM 037389103 330,225 5,100 1 2 5,100
APEX SILVER MINES LTD COM g04074103 562,500 45,000 1 1 45,000
AQUARION CO COM 03838w101 973,125 30,000 1 1,2 30,000
ASHANTI GOLDFIELDS LTD COM 043743202 799,944 85,900 1 1 85,900
ATLANTIC RICHFIELD CO COM 048825103 1,698,300 21,600 1 1,2 21,600
ATWOOD OCEANICS INC COM 050095108 2,292,250 42,400 1 1,2 42,400
AUTOMATIC DATA COM 053015103 1,640,306 24,100 1 2 24,100
AVATAR HOLDINGS INC. COM 053494100 1,457,500 53,000 1 1,2 53,000
209,000 7,600 1 2 7,600
AVERY DENNISON CORP. COM 053611109 1,334,375 25,000 1 1,2 25,000
BANCO GANADERO S A COM 059594507 2,169,800 114,200 1 1 114,200
BANCO SANTANDER CHILE COM 05965F108 5,745,938 408,600 1 1 408,600
BANK NEW YORK INC COM 064057102 32,977 525 1 1 525
2,167,031 34,500 1 2 34,500
BANKAMERICA CORP COM 066050105 1,578,138 19,100 1 2 19,100
BARRICK GOLD CORP COM 067901108 1,176,551 54,407 1 1 54,407
BATTLE MTN GOLD CO COM 071593107 956,250 150,000 1 1 150,000
BEATRIX MINES LTD COM 074190208 1,211,631 414,800 1 1 414,800
BELL ATLANTIC COM 077853109 7,640,631 74,725 1 1 8,800 65,925
------------
Page Total 73,515,999
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
March 31, 1998
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BELL CDA INTL INC COM 077914109 223,750 10,000 1 1 10,000
BJ SVCS CO COM 055482103 14,571,356 399,900 1 1 26,800 373,100
BLADEX ADR COM p16994132 1,343,213 35,700 1 1 35,700
BORDERS GROUP INC COM 099709107 7,745,813 227,400 1 1 27,700 199,700
BOSTON PROPERTIES COM 101121101 351,875 10,000 1 2 10,000
BRASIL DISTR PAO ACU-SP COM 222853 540,500 23,500 1 1 23,500
ADR
BRISTOL-MYERS SQUIBB COM 110122108 22,041,231 211,300 1 1 15,700 195,600
2,002,800 19,200 1 2 19,200
BRITISH PETE PLC COM 110889409 240,975 2,800 1 2 2,800
BUCKEYE PARTNERS LP COM 118230101 475,000 16,000 1 2 16,000
BURLINGTON NORTHN SANTA COM 12189T104 10,979,800 105,575 1 1 12,400 93,175
CAMPBELL RES INC NEW COM 134422104 318,750 680,000 1 1 680,000
CANYON RESOURCES CORP COM 138869102 184,101 226,586 1 1 226,586
CARDINAL HEALTH INC COM 14149y108 8,201,438 93,000 1 1 93,000
1,931,306 21,900 1 2 21,900
CARIBINER INT'L INC COM 141888107 13,338,325 346,450 1 1 24,600 321,850
CASE CORP COM 14743r103 9,537,500 140,000 1 1 16,700 123,300
CENTEX CORP COM 152312104 1,837,625 48,200 1 2 48,200
CHEVRON CORPORATION COM 166751107 1,405,469 17,500 1 1,2 17,500
164,641 2,050 1 1 2,050
CIT GROUP, THE COM 125577106 9,627,638 295,100 1 1 35,400 259,700
CLEAR CHANNEL COM 184502102 2,165,800 22,100 1 2 22,100
COMMUNICATIONS
CLOROX CO DEL COM 189054109 1,804,688 21,000 1 2 21,000
COEUR D ALENE MINES CORP COM 192108108 1,906,788 148,100 1 1 148,100
COFLEXIP SPONSORED ADR COM 192384105 2,161,250 35,000 1 1,2 35,000
321,100 5,200 1 2 5,200
COMCAST CORP CL A COM 200300101 1,661,531 47,900 1 2 47,900
COMCAST CORP K COM 200300200 6,119,656 173,300 1 1 173,300
COMPUTER ASSOC INTL INC COM 204912109 14,892,281 257,875 1 1 21,150 236,725
CONSECO INC COM 208464107 18,952,388 334,700 1 1 25,000 309,700
424,688 7,500 1 2 7,500
------------
Page Total 157,473,273
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
March 31, 1998
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CONSOLIDATED PAPERS INC COM 209759109 1,920,000 30,000 1 1,2 30,000
COOPER CAMERON CORP COM 216640102 1,847,475 30,600 1 1,2 30,600
COSTCO COMPANIES INC COM 22160q102 18,798,675 352,200 1 1 27,100 325,100
2,471,263 46,300 1 2 46,300
CULLEN FROST BANKERS INC COM 229899109 224,438 3,800 1 2 3,800
CYMER INC. COM 232572107 3,536,850 175,200 1 1 175,200
DANA CORP COM 235811106 8,581,638 147,800 1 1 18,000 129,800
1,927,675 33,200 1 2 33,200
DATA GEN CORP COM 237688106 8,099,344 454,700 1 1 56,600 398,100
DISNEY WALT COMPANY COM 254687106 20,138,388 188,650 1 1 13,100 175,550
DOVER CORP COM 260003108 16,195,600 426,200 1 1 28,800 397,400
DOW CHEMICAL COMPANY COM 260543103 1,361,500 14,000 1 1,2 14,000
DRIEFONTEIN CONS ORD COM S22440101 2,985,550 411,800 1 1 411,800
EAST RAND GOLD & URANIUM COM 274675206 1,377,188 1,469,000 1 1 1,469,000
ECOLAB INC COM 278865100 5,370,800 185,200 1 1 185,200
2,262,000 78,000 1 2 78,000
ELAN PLC AMER DEP RECEIPTCOM 284131208 9,824,616 152,025 1 1 152,025
ELANDSRAND GOLD MNG LTD COM S24860116 5,886,222 1,745,100 1 1 1,745,100
ELF AQUITAINE SPONSORED COM 286269105 1,825,950 28,200 1 1,2 28,200
ADR
7,345,888 113,450 1 1 113,450
EMC CORP COM 268648102 18,813,609 497,550 1 1 32,000 465,550
1,365,031 36,100 1 2 36,100
EMERSON ELECTRIC COM 291011104 13,105,947 201,050 1 1 13,200 187,850
EQUITY RESIDENTIAL PPTYS COM 29476L107 8,457,075 168,300 1 1 20,200 148,100
SH BEN INT
211,050 4,200 1 2 4,200
EQUITY RESIDENTIAL PPTYS COM 29476l883 555,000 20,000 1 2 20,000
TR
ESPIRITO SANTO FINL GROUP-COM 29665f200 4,354,981 166,300 1 1 166,300
ADR
EVANDER GOLD MINES LTD COM 299003103 23,265 14,100 1 1 14,100
EXEL LIMITED COM g3242a102 17,073,250 220,300 1 1 16,300 204,000
EXXON CORP COM 302290101 1,798,825 26,600 1 1,2 26,600
145,394 2,150 1 1 2,150
1,555,375 23,000 1 2 23,000
------------
Page Total 189,439,859
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
March 31, 1998
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
FEDERAL NATIONAL MORTGAGE COM 313586109 21,237,769 335,775 1 1 24,800 310,975
ASSN
FIRST UNION CORP COM 337358105 1,647,563 29,000 1 2 29,000
FOREMOST CORP OF AMER COM 345469100 5,071,500 207,000 1 1 207,000
345,450 14,100 1 2 14,100
FORT JAMES CORP COM 347471104 17,381,053 376,825 1 1 27,500 349,325
2,767,500 60,000 1 1,2 60,000
355,163 7,700 1 2 7,700
FREE ST DEV & INVT LTD COM 356146407 52,050 150,000 1 1 150,000
FREEPORT MCMORAN COP&GOL COM 35671D105 2,104,213 112,600 1 1 112,600
142,025 7,600 1 2 7,600
FREEPORT-MCM COPR GOLD COM 35671D857 1,993,750 100,000 1 1 100,000
GANNETT INC COM 364730101 6,590,938 91,700 1 1 91,700
2,271,250 31,600 1 2 31,600
GAP INC DEL COM 364760108 15,054,750 334,550 1 1 23,450 311,100
GENERAL ELEC CO COM 369604103 6,815,277 79,075 1 1 9,100 69,975
1,913,363 22,200 1 2 22,200
GENERAL RE CORP COM 370563108 1,500,250 6,800 1 2 6,800
GETCHELL GOLD CORP COM 374265106 1,297,778 62,169 1 1 62,169
GLOBAL INDUSTRIES LTD COM 379336100 15,914,913 781,100 1 1 55,900 725,200
GOLD BULLION COM 380992107 10,199,222 33,890 1 1 33,890
GOLD MINES OF KALGOORLIE COM 380995100 1,649,763 1,240,423 1 1 1,240,423
GOLD RESV CORP COM 380687103 306,250 100,000 1 1 100,000
GOLDCORP INC NEW COM 380956102 237,500 50,000 1 1 50,000
GOLDEN KNIGHT RESOURCES COM 381090109 218,750 175,000 1 1 175,000
GOLDEN WEST FIN COM 381317106 1,485,094 15,500 1 2 15,500
GROOTVLEI PROP ORD COM S33440108 674,438 359,700 1 1 359,700
GRUPO CASA AUTREY S A DE COM 40048P104 2,450,500 169,000 1 1 169,000
GRUPO MEXICO A2 COM 319993101 2,038,995 634,016 1 1 634,016
GTE CORP COM 362320103 10,807,438 180,500 1 1 21,600 158,900
HALLIBURTON CO COM 406216101 2,005,000 40,000 1 1,2 40,000
HARMONY GOLD MNG LTD COM S34320101 409,050 72,720 1 1 72,720
------------
Page Total 136,938,550
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
March 31, 1998
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
HARTEBEESTFONTEIN GOLD M COM S34540112 147,050 69,200 1 1 69,200
HBO & CO COM 404100109 1,835,400 30,400 1 2 30,400
HECLA MNG CO COM 422704106 2,745,400 414,400 1 1 414,400
HINDALCO GRD COM 218999100 384,371 22,650 1 1 22,650
HINDALCO INDS LTD COM 433064102 1,544,270 91,000 1 1 91,000
HINDALCO ORD COM 537996100 1,802,214 106,200 1 1 106,200
HOME DEPOT INC COM 437076102 6,725,306 99,450 1 1 99,450
1,988,175 29,400 1 2 29,400
HOMESTAKE MNG CO COM 437614100 2,599,125 239,000 1 1 239,000
IAMGOLD INTL COM 450913108 539,490 110,100 1 1 110,100
ILLINOIS TOOL WORKS COM 452308109 1,929,550 29,800 1 2 29,800
IMAX CORPORATION COM 45245e109 13,125,643 463,100 1 1 463,100
IMPALA COM 6457804 1,268,500 118,000 1 1 118,000
IMPERICAL CHEMICAL IND COM 452704505 1,796,875 25,000 1 1,2 25,000
PLC ADR
INGERSOLL RAND CO COM 456866102 17,449,250 364,000 1 1 27,750 336,250
INTL PAPER CO COM 460146103 1,640,625 35,000 1 1,2 35,000
78,516 1,675 1 1 1,675
220,313 4,700 1 2 4,700
IPL ENERGY INC COM 449911106 1,454,775 32,600 1 1,2 32,600
JCI LIMITED ADR COM 556996106 149,297 28,443 1 1 28,443
JEFFERSON PILOT COM 475070108 1,698,706 19,100 1 2 19,100
KROGER CO COM 501044101 1,902,925 41,200 1 2 41,200
LEBOWA PLATINUM COM 586998106 627,602 615,900 1 1 615,900
LEXINGTON GROWTH&INCOME COM 528922107 307,728 13,544 1 1 13,544
LIBERTY LIFE LONDON COM 530993104 2,959,261 87,700 1 1 87,700
LIHIR GOLD LTD COM 532349107 390,000 15,000 1 1 15,000
LORAINE GOLD MINES LTD COM S46200101 686,263 238,700 1 1 238,700
LUCENT TECHNOLOGIES INC COM 549463107 255,800 2,000 1 1 2,000
LUKOIL HOLDINGS OF RUSSIACOM 4560588 1,457,664 83,200 1 1 83,200
LUKOIL HOLDINS (NEW) COM 549990109 1,045,944 59,700 1 1 59,700
MANDARIN ORIENTAL INTL COM 6560713 960,000 1,200,000 1 1 1,200,000
------------
Page Total 71,716,037
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
March 31, 1998
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MANOR CARE COM 564054104 1,587,300 42,900 1 2 42,900
MARSH & MCLENNAN COS INC COM 571748102 14,603,016 167,250 1 1 10,700 156,550
1,851,025 21,200 1 2 21,200
MARTIN MARIETTA MATERIALSCOM 573284106 5,730,981 132,700 1 1 132,700
1,986,625 46,000 1 1,2 46,000
280,719 6,500 1 2 6,500
MASCO CORP COM 574599106 1,725,500 29,000 1 2 29,000
MCGRAW HILL COS INC COM 580645109 1,506,038 19,800 1 2 19,800
MEDTRONIC INC COM 585055106 7,237,859 139,525 1 1 139,525
259,375 5,000 1 2 5,000
MERCK & CO INC COM 589331107 214,714 1,675 1 1 1,675
MGIC INV CP COM 552848103 1,477,969 22,500 1 2 22,500
MICROSOFT CP COM 594918104 2,004,800 22,400 1 2 22,400
MID OCEAN LIMITED COM g61061100 263,500 3,400 1 2 3,400
MINORCO ADR COM 604340307 857,188 52,000 1 1,2 52,000
MOBIL CORP COM 607059102 8,296,572 108,275 1 1 12,900 95,375
MONSANTO CO COM 611662107 1,300,000 25,000 1 1,2 25,000
MORGAN J P & CO INC COM 616880100 224,973 1,675 1 1 1,675
MORGAN STAN DEAN WITTR COM 617446448 320,650 4,400 1 2 4,400
COM NEW
MT EDON 144A COM 587998105 136,600 100,000 1 1 100,000
NABISCO HLDGS CORP COM 629526104 7,490,625 159,800 1 1 18,900 140,900
NAC RE CORP COM 628907107 18,573,363 354,200 1 1 26,100 328,100
NAMIBIAN MINERALS CORP. COM 629913104 131,250 50,000 1 1 50,000
NATIONAL SVC INDS INC COM 637657107 1,734,969 29,500 1 2 29,500
NATIONSBANK CORP COM 638585109 16,270,533 223,075 1 1 14,300 208,775
NAVIGATORS GROUP INC COM 638904102 187,500 10,000 1 2 10,000
NEW WITS LTD COM 6633626 198,400 100,000 1 1 100,000
NEWMONT GOLD CO COM 651637100 1,095,938 35,000 1 1,2 35,000
1,565,625 50,000 1 1 50,000
NEWMONT MINING CORP COM 651639106 2,139,375 70,000 1 1 70,000
94,744 3,100 1 2 3,100
------------
Page Total 101,347,723
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
March 31, 1998
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
NOBLE AFFILIATES INC COM 654894104 1,519,313 36,500 1 1,2 36,500
NORTHERN BORDER PARTNERS COM 664785102 338,125 10,000 1 2 10,000
UNIT LTD
NORWEST CORP COM 669380107 9,455,469 227,500 1 1 227,500
307,563 7,400 1 2 7,400
OIL CO LUKOIL COM 677862104 205,175 2,900 1 1 2,900
OLIN CORP COM 680665205 1,408,125 30,000 1 1,2 30,000
PALLADIUM INGOT COM 696998103 1,873,482 6,923 1 1 6,923
PARTNERRE LTD COM COM G6852T105 245,625 5,000 1 2 5,000
PENOLES A2 COM 709992101 4,032,655 1,045,000 1 1 1,045,000
PEOPLE'S PRFD CAP COM 712204205 392,813 15,000 1 2 15,000
PEOPLESOFT INC COM 712713106 226,556 4,300 1 2 4,300
PEPSICO CO. COM 713448108 17,739,858 415,575 1 1 31,500 384,075
PERKIN ELMER CORP COM 714041100 9,798,344 135,500 1 1 16,200 119,300
PFIZER INC COM 717081103 25,564,859 256,450 1 1 20,400 236,050
PHARMACIA UPJOHN INC COM 716941109 7,573,125 173,100 1 1 20,700 152,400
PIONEER GROUP INC COM 723684106 781,250 25,000 1 1 25,000
PIONEER HI-BRED INTL COM 723686101 1,268,313 13,000 1 1,2 13,000
1,921,981 19,700 1 2 19,700
PITNEY BOWES INC COM 724479100 6,238,306 124,300 1 1 124,300
1,856,938 37,000 1 2 37,000
PLACER DOME INC COM 725906101 4,760,688 361,000 1 1 361,000
PRIME RESOURCES GROUP COM 74157l109 3,164,000 400,000 1 1 400,000
PROCTER & GAMBLE CO COM 742718109 14,852,109 176,025 1 1 10,100 165,925
PROGRESSIVE CORP COM 743315103 1,670,125 12,400 1 2 12,400
RANDGOLD RES LTD GDR COM 752344101 13,913 10,500 1 1 10,500
144A
REA GOLD CORP COM 754900108 0 107,000 1 1 107,000
RFS HOTEL INVESTORS COM 74955j108 273,750 15,000 1 2 15,000
RITE AID CORP COM 767754104 12,264,069 358,075 1 1 42,800 315,275
ROFIN-SINAR TECHNOLOGIES COM 775043102 3,013,702 158,100 1 1 158,100
ROGERS CORP COM 775133101 1,485,700 35,800 1 1,2 35,800
ROSTELECOM COM 5004148 787,626 239,400 1 1 239,400
------------
Page Total 135,033,555
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
March 31, 1998
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ROSTELECOM COM 778990101 2,064,146 627,400 1 1 627,400
SAFEWAY INC COM 786514208 23,622,650 638,450 1 1 47,000 591,450
SAMAZ GOLD 144A COM 795915107 447,120 120,000 1 1 120,000
SAN LUIS CPO COM 768996100 2,281,892 451,056 1 1 451,056
SANTA FE PACIFIC GOLD CO COM 802176107 1,457,031 94,002 1 1 94,002
SARA LEE CORP COM 803111103 6,224,400 100,800 1 1 100,800
1,827,800 29,600 1 2 29,600
SCHERING-PLOUGH COM 806605101 1,872,075 22,900 1 2 22,900
SCHLUMBERGER LTD COM 806857108 2,461,875 32,500 1 1,2 32,500
157,181 2,075 1 1 2,075
189,375 2,500 1 2 2,500
SCHWAB CHARLES CP NEW COM 808513105 1,394,600 36,700 1 2 36,700
SEALED AIR CORP COM 81211k100 7,643,850 116,700 1 1 116,700
262,000 4,000 1 2 4,000
SILVER BULLION COM 827998105 7,666,530 1,176,751 1 1 1,176,751
ST HELENA GOLD MINES LTD COM 789670205 420,375 177,000 1 1 177,000
STILLWATER MNG CO COM COM 86074q102 1,893,750 75,000 1 1 75,000
STOLT COMEX SEAWAY SA COM l8873e103 1,964,625 78,000 1 1,2 78,000
231,725 9,200 1 2 9,200
STRUCTURAL DYNAMICS RESH COM 863555108 9,305,738 374,100 1 1 44,500 329,600
SUMMIT BANCORP COM 866005101 6,669,131 133,050 1 1 16,150 116,900
SUN CO INC COM 866762107 1,228,125 30,000 1 1,2 30,000
SUNAMERICA INC COM 866930100 294,431 6,150 1 2 6,150
SUNGARD DATA SYSTEMS COM 867363103 16,528,813 449,000 1 1 29,500 419,500
SUNSHINE MINING & COM 867833105 656,250 525,000 1 1 525,000
REFINING
SUTTON RES LTD COM 869474403 142,500 19,000 1 1 19,000
SYSCO CORP COM 871829107 6,442,125 251,400 1 1 251,400
1,670,750 65,200 1 2 65,200
TELE COMM INC A COM 87924v101 1,635,531 52,600 1 2 52,600
TEPPCO PARTENERS - LP COM 872384102 345,750 6,000 1 2 6,000
TEVA PHARMACEUTICAL INDS COM 881624209 12,948,250 302,000 1 1 302,000
------------
Page Total 121,950,394
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
March 31, 1998
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
TEXACO INC COM 881694103 9,409,544 156,175 1 1 18,000 138,175
168,700 2,800 1 2 2,800
TIME WARNER COM 887315109 1,504,800 20,900 1 2 20,900
TJX CO INC COM 872540109 14,967,281 328,500 1 1 21,200 307,300
TORCHMARK CORP COM 891027104 1,695,063 37,000 1 2 37,000
TOSCO CORP COM 891490302 2,111,475 59,900 1 1,2 59,900
TRANSAMERICA CORP COM 893485102 1,596,050 13,700 1 2 13,700
TRAVELERS GROUP INC COM 894190107 135,150 2,253 1 1 2,253
2,205,000 36,750 1 2 36,750
TVX GOLD INC COM 87308k101 325,000 100,000 1 1 100,000
TYCO INTL LTD COM 902124106 26,506,781 485,250 1 1 33,200 452,050
426,075 7,800 1 2 7,800
U.S. FOODSERVICE COM 466232105 10,539,419 286,300 1 1 34,100 252,200
U.S.BANCORP COM 442865408 44,037 353 1 1 353
1,659,175 13,300 1 2 13,300
UNIFIED ENERGY SYSTEMS COM 5252594 49,770 158,000 1 1 158,000
(GDR)
UNIFIED ENERGY SYSTEMS COM 4967242 612,990 1,946,000 1 1 1,946,000
PFD.
UNILEVER NV COM 904784501 5,242,950 76,400 1 1 76,400
219,600 3,200 1 2 3,200
UNION CAMP CORP COM 905530101 1,673,000 28,000 1 1,2 28,000
UNION PLANTERS CORP COM 908068109 14,831,719 238,500 1 1 15,400 223,100
UNITED ASSET MGMT CORP COM 909420101 245,250 9,000 1 2 9,000
UNITED HEALTHCARE CORP COM 910581107 18,096,006 279,475 1 1 21,300 258,175
UNTD ENRGY SYS OF RUSSIA COM 904995107 1,569,771 4,983,400 1 1 4,983,400
USAIR GROUP COM 911905107 1,801,238 24,300 1 2 24,300
USX MARATHON GROUP COM COM 902905827 1,881,250 50,000 1 1,2 50,000
NEW
VAAL REEFS EXPL ADR COM 918506403 252,450 59,400 1 1 59,400
VAAL REEFS EXPL ORD COM S91224105 876,615 21,700 1 1 21,700
VALERO ENERGY CORP COM 919138107 5,865,656 175,750 1 1 20,800 154,950
VIDESH SANCHAR NIGAM GDR COM 92659g105 1,647,625 134,500 1 1 134,500
144A
VINA CONCHAY TORO ADR COM 927191106 3,602,500 110,000 1 1 110,000
------------
Page Total 131,761,939
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
March 31, 1998
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
VISTA GOLD CORP. COM 927926105 78,125 250,000 1 1 250,000
WALGREEN CO COM 931422109 1,607,400 45,600 1 2 45,600
WANT WANT HLDGS 'A' COM 6015729 355,180 301,000 1 1 301,000
WANT WANT HOLDINGS COM 513994103 1,201,240 1,018,000 1 1 1,018,000
WARNER LAMBERT CO COM 934488107 13,812,344 81,100 1 1 5,800 75,300
WEST RAND CONSOLIDATED COM 6952406 158,600 200,000 1 1 200,000
MINES
WESTERN AREAS ADR COM 957654205 509,217 127,304 1 1 127,304
WESTERN AREAS GOLD MINES COM S96528112 471,101 108,900 1 1 108,900
WESTERN ATLAS COM 957674104 1,702,250 22,000 1 2 22,000
WESTERN DEEP LEV ORD COM S96749148 1,481,323 69,500 1 1 69,500
WILLIAMS COS INC DEL COM 969457100 15,536,000 485,500 1 1 39,000 446,500
2,048,000 64,000 1 1,2 64,000
1,897,600 59,300 1 2 59,300
WINKELHAAK MINES COM S97633119 606,375 99,000 1 1 99,000
YPF SOCIEODAD ANONIMA COM 984245100 1,904,000 56,000 1 1,2 56,000
309,400 9,100 1 2 9,100
ZALE CORP COM 988858106 7,417,988 256,900 1 1 30,500 226,400
------------
1,170,273,472
Common Stock Argentina
- ----------------------
PEREZ COMPANC COM 2681931 3,861,704 570,312 1 1 570,312
------------
3,861,704
Common Stock Austria
- --------------------
BOEHLER UDDEHOLM COM 4121305 3,714,898 54,800 1 1 54,800
WEINERBERGER BAUSTOFF COM 4969602 5,415,382 26,310 1 1 26,310
------------
9,130,280
Common Stock Australia
- ----------------------
ACACIA RESOURCES LTD. COM 6005582 327,387 242,000 1 1 242,000
------------
Page Total 64,415,513
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
March 31, 1998
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ACACIA RESOURCES ORD COM 6005582 1,697,810 1,255,000 1 1 1,255,000
AURORA GOLD LTD. COM 6068615 1,225,511 1,200,000 1 1 1,200,000
BURMINE LIMITED COM 068993104 609,539 265,650 1 1 265,650
CENTAUR MINING & EXPLOR. COM 6183682 285,157 500,000 1 1 500,000
CLIMAX AUSTRALIA COM 6015138 229,319 910,000 1 1 910,000
DELTA GOLD COM 6260660 787,829 600,000 1 1 600,000
DELTA GOLD NL COM 6260660 393,914 300,000 1 1 300,000
EAGLE MINING CORP COM 6723721 214,067 107,600 1 1 107,600
EMPEROR MINES LIMITED COM 6313508 187,762 602,413 1 1 602,413
FOSTER BREWING COM 6349268 12,407,572 5,686,900 1 1 5,686,900
GHANA GOLD MINES LTD COM 367993102 74,273 800,000 1 1 800,000
GOLDEN SHAMROCK MINES COM 6953777 1,122,059 1,800,000 1 1 1,800,000
GOLDFIELDS LIMITED COM 6370008 9,616 10,000 1 1 10,000
GREAT CENTRAL MINES COM 6383794 327,251 241,900 1 1 241,900
GWALIA CONSOLIDATED LTD COM 6415567 261,822 299,100 1 1 299,100
LIHIR GOLD LTD. COM 6518596 722,176 550,000 1 1 550,000
MACRAES MINING CO. COM 6551773 103,452 200,000 1 1 200,000
MENZIES GOLD COM 6578277 194,968 1,470,000 1 1 1,470,000
MIM HOLDINGS ORD COM 6550167 595,248 1,020,000 1 1 1,020,000
NEWCREST MINING LTD. COM 6637101 159,754 100,000 1 1 100,000
NIUGINI MINING LIMITED COM 6643153 457,784 293,750 1 1 293,750
NIUGINI MINING LTD/ COM 6643153 311,683 200,000 1 1 200,000
NORMANDY POSEIDON COM 6645201 1,882,773 1,752,539 1 1 1,752,539
OTTER GOLD MINES LTD COM 689991107 25,996 350,000 1 1 350,000
OTTER GOLD MINES LTD. COM 6595782 57,031 100,000 1 1 100,000
PASMINCO LIMITED COM 6671080 164,131 150,000 1 1 150,000
PLUTONIC RESOURCES ORDS COM 6644349 880,339 250,000 1 1 250,000
POSEIDON GOLD LTD COM 6065081 1,498,557 682,700 1 1 682,700
QBE INSURANCE GROUP LTD COM 6715740 4,643,515 1,060,932 1 1 1,060,932
RANGER MINERALS N.L. COM 6723077 506,651 191,000 1 1 191,000
RESOLUTE LIMITED COM 6771430 43,437 50,000 1 1 50,000
------------
Page Total 32,080,996
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
March 31, 1998
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
TELSTRA CORP INSTALLMENT COM 6085454 758,424 294,000 1 1 294,000
------------
33,166,807
Common Stock Belgium
- --------------------
ELECTRABEL SA COM 4294791 8,543,152 33,530 1 1 33,530
------------
8,543,152
Common Stock Brazil
- -------------------
COTEMINAS (PREF) COM 2229212 1,523,509 6,057,000 1 1 6,057,000
EMPESA NACIONAL COM 2089234 47,773 13,580,000 1 1 13,580,000
LIGHT SERVICOS DE COM 2516668 2,181,412 5,702,000 1 1 5,702,000
ELECTICIDADE SA ON
PETROBRAS PFD COM 2684532 2,768,987 11,661,000 1 1 11,661,000
SOUZA CRUZ S.A. COM 283214 600,291 72,000 1 1 72,000
TELEC DO RIO JANEIRO SA- COM 287996 2,040,372 14,500,000 1 1 14,500,000
PREF
TELESP COM 2882541 3,051,490 9,506,000 1 1 9,506,000
------------
12,213,834
Common Stock Canada
- -------------------
ADRIAN RES LTD COM 00733P108 43,948 100,000 1 1 100,000
AREQUIPA RES LTD COM 039907100 414,870 20,000 1 1 20,000
BARRICK GOLD INSTL. COM 067901306 1,445,015 100,000 1 1 100,000
RECEIPTS
BATTLE MTN GOLD CO COM 071593107 449,813 100,344 1 1 100,344
BOMBARDIER INC COM 097751200 4,736,984 192,200 1 1 192,200
BRE-X MINERALS LTD COM 10625K109 633 10,000 1 1 10,000
CAMBIOR INC COM 13201L103 1,617,072 334,500 1 1 334,500
------------
Page Total 30,223,745
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
March 31, 1998
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CAMBIOR INC. COM 13201l103 483,430 100,000 1 1 100,000
CANADIAN NAT RES LTD COM 136385101 1,140,894 55,000 1 1,2 55,000
CHAPTERS INC COM 220414 295,627 13,200 1 1 13,200
DAYTON MNG CORP COM 239902109 286,102 310,000 1 1 310,000
ELDORADO GOLD CORP COM 284902103 53,047 92,000 1 1 92,000
ETRUSCAN ENTERPRISES LTD COM 29786L102 137,118 50,000 1 1 50,000
EURO NEVADA MINING CORP. COM 29870p100 397,291 25,000 1 1 25,000
FALCONBRIDGE LTD NEW COM 305915100 720,750 50,000 1 1 50,000
FRANCISCO GOLD CORP COM 351902101 331,193 30,000 1 1 30,000
FRANCO NEV MNG LTD COM 351860101 1,392,277 60,000 1 1 60,000
GEDDES RES LTD COM 368464103 3,699 526,000 1 1 526,000
GEOMAQUE EXPLS LTD COM 37247E104 700,934 433,400 1 1 433,400
GOLDEN BEAR MINERALS INC COM 380963108 70,486 626,500 1 1 626,500
GOLDEN KNIGHT RESOURCES COM 381090109 87,896 100,000 1 1 100,000
GOLDEN QUEEN MINING LTD COM 38115j100 230,570 546,500 1 1 546,500
GREENSTONE RES LTD COM 39573W104 99,982 25,000 1 1 25,000
HUDSONS BAY CO. COM 444204101 2,459,690 116,600 1 1 116,600
INTL GOLD RES CORP COM 45955C103 2,071,566 548,100 1 1 548,100
KINROSS GOLD CORP COM 496902107 394,215 138,000 1 1 138,000
LAMINCO RES INC COM 513900100 15,470 200,000 1 1 200,000
MERIDIAN GOLD INC COM 589975200 675,043 200,000 1 1 200,000
METALLICA RES INC COM 59125J104 22,677 21,500 1 1 21,500
MINEFINDERS CORP COM 602997124 82,271 60,000 1 1 60,000
NEVSUN RES LTD COM 64156L101 133,602 50,000 1 1 50,000
PAN AMER SILVER UNITS COM 000015107 1,863,753 190,000 1 1 190,000
PAN AMERICAN SILVER CORP COM 697900108 416,628 60,000 1 1 60,000
PANGEA GOLDFIELDS INC COM 69840R109 95,244 77,400 1 1 77,400
PRIME RESOURCES GROUP COM 74157L109 197,767 25,000 1 1 25,000
RESSOURCES WILLIAM INC COM 760933101 72,848 280,000 1 1 280,000
ROMARCO MINERALS INC COM 775903107 336,678 159,600 1 1 159,600
SAMAX GOLD, INC. COM 795915909 297,177 80,500 1 1 80,500
------------
Page Total 15,565,925
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
March 31, 1998
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SILVER STD RES INC COM 82823L106 892,147 350,000 1 1 350,000
SUTTON RESOURCES COM 869474403 94,928 18,000 1 1 18,000
TARRAGON OIL COM 87629e206 2,538,002 372,100 1 1 372,100
TOMBSTONE EXPLS LTD COM 889904108 98,883 312,500 1 1 312,500
TRITON MNG CORP COM 896930104 24,611 100,000 1 1 100,000
TVX GOLD INC COM 87308K101 571,326 250,000 1 1 250,000
VENORO GOLD CORP COM 922923107 2,080 22,750 1 1 22,750
WESTERN COPPER HOLDINGS COM 95805J105 421,902 75,000 1 1 75,000
X-CAL RESOURCES COM 98370r106 193,372 500,000 1 1 500,000
YOGEN FRUZ WORLD COM 985902105 8,887,396 1,251,390 1 1 1,251,390
------------
37,998,907
Common Stock Switzerland
- ------------------------
NESTLE AG REGD COM 4616696 6,164,277 3,226 1 1 3,226
NOVARTIS COM 5047831 9,055,963 5,117 1 1 5,117
RENTENANSTALT COM 5285868 5,512,870 6,520 1 1 6,520
SAURER AG ARBON COM 4829513 7,306,804 7,059 1 1 7,059
------------
28,039,914
Common Stock Czech Republic
- ---------------------------
SPT TELECOM AS CSK 1000 COM 4766610 3,763,136 29,070 1 1 29,070
------------
3,763,136
Common Stock Germany
- --------------------
ALLIANZ COM 5231485 7,921,462 26,230 1 1 26,230
------------
Page Total 53,449,159
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
March 31, 1998
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
DEUTSCHE BANK AG COM 4326672 8,841,073 117,500 1 1 117,500
HOECHST AG ORD COM 5070376 1,700,247 43,400 1 1 43,400
STO PREF COM 4854805 3,758,417 10,374 1 1 10,374
------------
22,221,199
Common Stock Spain
- ------------------
ADOLFO DOMIGLEZ COM 5213115 3,398,076 100,100 1 1 100,100
------------
3,398,076
Common Stock France
- -------------------
ALCATEL ALSTHOM (CGE) COM 4216825 6,621,700 35,276 1 1 35,276
AXA-UAP COM 4026927 5,850,000 56,810 1 1 56,810
BANQUE NATIONALE DE PARISCOM 413366 5,684,877 73,150 1 1 73,150
SIDEL SA FF 10 PAR COM 5092433 5,752,387 79,200 1 1 79,200
SOCIETE GENERALE-A COM 481775 5,637,921 28,170 1 1 28,170
USINOR SACELOR COM 4894544 931,377 55,700 1 1 55,700
USINOR SACELOR COM 4894544 463,180 27,700 1 1 27,700
------------
30,941,441
Common Stock Great Britain
- --------------------------
AEGIS GROUP ORD COM 0965756 4,861,360 3,435,500 1 1 3,435,500
BEAZER GROUP COM 0092104 1,219,109 350,000 1 1 350,000
CADBURY SCHWEPPES PLC COM 016124 5,022,665 361,800 1 1 361,800
CAPITA GROUP COM 0173474 4,289,071 569,800 1 1 569,800
DFS FURNITURE CO PLC COM 0242437 2,626,775 450,100 1 1 450,100
------------
Page Total 66,658,234
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
March 31, 1998
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
GLAXO WELLCOME COM 0371784 4,340,716 161,300 1 1 161,300
HARVEY NICHOLS COM 0414300 1,439,225 359,600 1 1 359,600
J.D. WETHERSPOON PLC COM 0163895 3,535,248 620,000 1 1 620,000
LONRHO ORD COM 0534101 568,380 315,000 1 1 315,000
ORIFLAME INT'L ORD COM 0662217 1,302,169 180,000 1 1 180,000
PIZZA ESPRESS PLC COM 0841953 4,897,781 354,300 1 1 354,300
POLYPIPE COM 0693808 3,356,167 1,203,700 1 1 1,203,700
PROVIDENT FINANCIAL COM 0701433 7,601,703 479,600 1 1 479,600
REGENT INNS COM 0730415 5,708,358 907,800 1 1 907,800
ROYAL BANK OF SCOTLAND COM 0754783 5,829,162 375,100 1 1 375,100
RTZ CORP ORD (REGD) COM 0718875 3,089,773 230,060 1 1 230,060
TOMKINS ORD COM 0896265 7,338,468 1,204,900 1 1 1,204,900
UNITED UTILITIES PLC COM 064623 1,438,373 97,000 1 1 97,000
VODAFONE GROUP ORD COM 0719210 8,070,526 771,100 1 1 771,100
WHITBREAD COM 0960502 10,664,900 566,100 1 1 566,100
WIMPEY PLC COM 0971344 6,318,901 2,925,100 1 1 2,925,100
------------
93,518,830
Common Stock Greece
- -------------------
ALPHA CREDIT COM 4235864 773,992 10,000 1 1 10,000
DELTA DAIRY PREF COM 4260189 2,252,958 225,840 1 1 225,840
ERGO BANK COM 4303073 2,270,159 31,700 1 1 31,700
HELLENIC TELECOMMUN COM 5051605 5,945,012 237,630 1 1 237,630
MICHANIKI SA COM 4588784 1,925,440 390,920 1 1 390,920
------------
13,167,561
Common Stock Hong Kong
- ----------------------
BEIJING ENTERPRISES COM 6081690 1,050,534 408,000 1 1 408,000
------------
Page Total 89,717,946
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
March 31, 1998
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CHINA EVERBRIGHT COM 645514 971,392 1,176,000 1 1 1,176,000
CHINA RESOURCES BEIJING COM 619376 1,017,674 1,900,000 1 1 1,900,000
LAND
CHINA RESOURCES COM 697245 3,756,786 1,854,000 1 1 1,854,000
ENTERPRISES
CHINA TELECOM COM 607355 5,807,416 2,866,000 1 1 2,866,000
JCG HOLDINGS LTD COM 6477493 4,987,694 9,722,000 1 1 9,722,000
MOULIN INTL HOLDING,LTD. COM 6606811 1,217,460 11,365,000 1 1 11,365,000
MOULIN INTL WARRANTS COM w213257 2,158 119,416 1 1 119,416
MOULIN INTL. HOLDINGS, COM 6037046 21,713 1,201,666 1 1 1,201,666
LTD. WARRANTS
TING YI HOLDING CORP COM 6903556 523,166 4,406,000 1 1 4,406,000
WHARF HOLDINGS COM 643557 1,314,394 670,000 1 1 670,000
------------
20,670,386
Common Stock Hungary
- --------------------
ZALAKERAMIA COM 4992415 4,838,252 98,285 1 1 98,285
------------
4,838,252
Common Stock Indonesia
- ----------------------
FISKARAGAN COM 6352846 447,047 2,577,900 1 1 2,577,900
TAMBANG TIMAH (L) COM 6875730 1,473,508 1,758,000 1 1 1,758,000
------------
1,920,555
Common Stock Ireland
- --------------------
ALLIED IRISH BANKS COM 4020684 7,335,050 597,800 1 1 597,800
RYANAIR HOLDINGS COM 0038227 4,020,053 537,910 1 1 537,910
------------
11,355,103
Common Stock India
- ------------------
HINDUSTAN PETROLEUM COM 6428394 5,045,268 452,200 1 1 452,200
------------
Page Total 42,779,029
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
March 31, 1998
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
------------
5,045,268
Common Stock Italy
- ------------------
TELECOM ITALIA COM 5297506 5,293,600 671,600 1 1 671,600
------------
5,293,600
Common Stock Japan
- ------------------
ACOM COM 6049784 3,465,851 69,500 1 1 69,500
AMWAY JAPAN COM 6028976 2,162,712 144,200 1 1 144,200
ASAHI DIAMOND INDUS CO COM 605478 2,140,515 446,000 1 1 446,000
LTD
BENESSE CORPORATION COM 612192 1,247,519 44,600 1 1 44,600
BUNKA SHUTTER COM 615246 2,018,477 678,000 1 1 678,000
DAIWA HOUSE INDUSTRY CO COM 625136 2,610,215 357,000 1 1 357,000
LTD
DOUTOR COFFEE COM 6285210 2,161,400 91,500 1 1 91,500
MARUKO COM 6578266 240,208 41,600 1 1 41,600
MOS FOOD SERVICES COM 660583 3,788,196 292,000 1 1 292,000
NATIONAL HOUSE INDUSTRIAL COM 6625720 2,220,155 262,000 1 1 262,000
CO.
PARIS MIKI INC COM 666720 966,040 68,160 1 1 68,160
SNOW BRAND MILK PRODUCTS COM 6818401 2,446,062 733,000 1 1 733,000
CO.
SONY CORP COM 6821506 3,796,295 44,800 1 1 44,800
TIEMCO COM 6878881 631,229 48,100 1 1 48,100
TOSHIBA CORP. COM 6897217 660,062 163,000 1 1 163,000
YORK-BENIMARU COM 698695 3,397,086 184,900 1 1 184,900
------------
33,952,022
Common Stock South Korea
- ------------------------
SUHEUNG CAPSULE COM 6846480 481,198 6,228 1 1 6,228
------------
Page Total 39,726,819
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
March 31, 1998
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
------------
481,198
Common Stock Mexico
- -------------------
CIE COM 2224347 1,831,742 236,400 1 1 236,400
GRUPO INDS MASECA B COM 2390572 2,611,128 3,421,700 1 1 3,421,700
GRUPO INDUSTIAL SALTILLO COM 2396376 741,154 214,000 1 1 214,000
------------
5,184,023
Common Stock Malaysia
- ---------------------
AUSTRAL ENTERPRISES COM 6067827 840,690 677,000 1 1 677,000
BERJAYA SPORTS TOTO COM 6331566 1,365,362 502,000 1 1 502,000
HAP SENG CONSOLIDATED COM 6297743 1,350,378 987,000 1 1 987,000
HIGHLANDS & LOWLANDS COM 6425856 1,792,921 1,584,000 1 1 1,584,000
KUALA LUMPUR KEPONG COM 6497446 4,764,536 1,982,000 1 1 1,982,000
BERHAD
LEADER UNIVERSAL HOLDINGSCOM 691851 747,053 1,609,000 1 1 1,609,000
MAGNUM CORP COM 6554006 8,324,768 9,712,000 1 1 9,712,000
NEW STRAITS TIMES PRESS COM 663300 977,166 624,000 1 1 624,000
BERH
STAR PUBLICATION COM 684157 1,425,171 830,000 1 1 830,000
TANJONG PUBLIC COM 6872526 1,689,573 691,000 1 1 691,000
------------
23,277,619
Common Stock Netherlands
- ------------------------
KONINKLIJKE AHREND GROUP COM 5231429 849,628 24,000 1 1 24,000
------------
849,628
Common Stock Norway
- -------------------
SAGA PETROLEUM A.S COM 4768025 8,558,834 479,800 1 1 479,800
------------
Page Total 37,870,104
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
March 31, 1998
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
------------
8,558,834
Common Stock Peru
- -----------------
COMPANIA BUENAVENTURA OR COM 2202956 687,447 117,009 1 1 117,009
MINERA BUENAVENTURA B COM 2206282 330,434 40,000 1 1 40,000
------------
1,017,881
Common Stock Philippines
- ------------------------
AYALA CORP. COM 6087063 1,958,764 4,242,000 1 1 4,242,000
C&P HOMES COM 6174136 3,306,672 36,858,600 1 1 36,858,600
FILINVEST LAND COM 6341446 2,091,047 19,096,000 1 1 19,096,000
FORTUNE CEMENT COM 6349194 579,038 7,079,000 1 1 7,079,000
INTL CONTAINER TERMINAL COM 6455819 68,826 474,262 1 1 474,262
IONICS CIRCUITS COM 6459101 2,789,365 5,352,600 1 1 5,352,600
UNIVERSA ROBINA COM 6919519 1,562,937 7,404,200 1 1 7,404,200
------------
12,356,649
Common Stock Poland
- -------------------
ELEKTRIM (PLN) COM 4320102 1,873,476 150,442 1 1 150,442
STOMIL (PLN) COM 4757391 1,465,358 187,400 1 1 187,400
------------
3,338,834
Common Stock Portugal
- ---------------------
PORTUGAL TELECOM ORDS COM 4676203 4,419,362 84,964 1 1 84,964
------------
Page Total 21,132,726
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
March 31, 1998
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
------------
4,419,362
Common Stock Sweden
- -------------------
CASTELLUM COM 5232808 7,800,315 746,800 1 1 746,800
HUFVUDSTADEN A COM 4449137 3,496,353 876,200 1 1 876,200
IFS 144a COM 189946 4,804,943 582,000 1 1 582,000
S.E BANKEN COM 4813345 2,640,617 181,200 1 1 181,200
SKF AB 'B' COM 4767066 1,232,633 52,000 1 1 52,000
SWEDISH MATCH COM 5048566 8,875,798 2,667,500 1 1 2,667,500
------------
28,850,659
Common Stock Singapore
- ----------------------
CEREBOS PACIFIC COM 6186410 3,990,420 1,687,000 1 1 1,687,000
DBS LAND LTD COM 6244772 5,392,542 3,190,000 1 1 3,190,000
KEPPEL FELS COM 6853468 3,081,527 1,101,000 1 1 1,101,000
------------
12,464,488
Common Stock Thailand
- ---------------------
ADVANCED AGRO PLC COM 6009335 1,609,003 1,706,800 1 1 1,706,800
------------
1,609,003
Common Stock Turkey
- -------------------
AKBANK COM 4011127 2,145,128 29,372,880 1 1 29,372,880
------------
Page Total 45,069,279
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
March 31, 1998
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ARCELIK COM 4051800 2,265,092 26,215,500 1 1 26,215,500
EREGLI DEMIR CELIK COM 4315197 878,930 7,004,000 1 1 7,004,000
PETROL OFISI COM 4688242 1,441,653 7,376,644 1 1 7,376,644
------------
6,730,803
Common Stock South Africa
- -------------------------
ANGLO AMERICAN GOLD INVT COM 6032643 1,215,827 28,000 1 1 28,000
ANGLO AMERICAN PLATINUM COM 6761000 307,211 20,000 1 1 20,000
ANGLOVAAL LTD COM 035134303 69,565 32,000 1 1 32,000
AVMIN LTD. COM 6048082 565,602 750,000 1 1 750,000
BARNATO EXPLORATION LTD COM 6079479 261,963 150,000 1 1 150,000
BEATRIX MINES COM 6088828 143,881 50,000 1 1 50,000
BLYVOORUITZICHHT GOLD OR COM 6107303 319,516 700,000 1 1 700,000
CONSOLIDATED AFRICAN COM 6017190 62,204 261,200 1 1 261,200
MINES LTD.
CONSOLIDATED MINING CORP COM 6217495 55,281 647,800 1 1 647,800
DEBEERS COM 6259118 207,010 9,500 1 1 9,500
DRIEFONTEIN COM 6280215 78,325 12,200 1 1 12,200
DURBAN ROODERPOORT OPT COM 247997109 16,632 62,080 1 1 62,080
EASTVAAL GOLD HLDG COM 6296405 819,284 887,800 1 1 887,800
EASTVAAL GOLD HOLDINGS COM 6296405 279,616 303,000 1 1 303,000
LTD.
EVANDER GOLD MINES LTD. COM 6301901 70,732 41,443 1 1 41,443
FREE STATE CONSOLIDATED COM 6351111 407,144 87,300 1 1 87,300
GOLD MINES LTD.
FREE STATES CONS MNG ORD COM 323999102 28,280 30,000 1 1 30,000
GENCOR LIMITED COM 6365811 380,204 186,000 1 1 186,000
GENCOR LIMITED COM 6014889 613,232 300,000 1 1 300,000
GOLD FIELDS OF SOUTH COM 6376266 753,144 55,000 1 1 55,000
AFRICA LTD.
GOLDFIELDS OF SOUTH COM 6376266 636,749 46,500 1 1 46,500
AFRICA
H.J. JOEL GOLD COM 6474568 428,667 800,000 1 1 800,000
H.J. JOEL MINING COMPANY COM 6474568 50,904 95,000 1 1 95,000
INC.
------------
Page Total 12,356,652
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
March 31, 1998
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
JCI LTD COM 6476122 248,287 47,300 1 1 47,300
LIBERTY LIFE ASSOC COM 6515047 1,943,291 57,600 1 1 57,600
NEW WITS LTD. COM 6633626 30,364 15,300 1 1 15,300
RANDFONTEIN ESTATES GOLD COM 6723420 143,851 75,900 1 1 75,900
MINING CO. WIT
RANDFONTEIN ESTATES ORD. COM 6723408 549,248 289,800 1 1 289,800
RANDGOLD & EXPLORATION COM 6734499 723,347 545,637 1 1 545,637
RUSTENBURG PLATINUM COM 6761000 1,099,817 71,600 1 1 71,600
SOUTHVAAL HLDGS LTD COM 6831709 813,674 50,000 1 1 50,000
TARGET EXPLORATION COM 6874113 14,895 21,444 1 1 21,444
WESTERN AREAS ORD COM S96528112 78,142 50,000 1 1 50,000
------------
13,415,891
Preferred Stock U.S.
- --------------------
FREEPORT-MCM COPR GOLD PRD 35671D865 1,930,500 99,000 1 1 99,000
------------
1,930,500
Preferred Stock South Africa
- ----------------------------
DURBAN ROODERPOORT 8% PD PRD 247992357 207,380 87,080 1 1 87,080
------------
207,380
Warrants, Rights U.S.
- ---------------------
ATNA RESOURCES LTD WAR 025994187 0 167,000 1 1 167,000
PANGEA GOLDFIELDS WAR 535993133 61,500 50,000 1 1 50,000
------------
61,500
Warrants, Rights Canada
- -----------------------
ARGOSY MINING CORP WAR 040997140 0 200,000 1 1 200,000
------------
Page Total 7,844,294
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
March 31, 1998
Title Investment Discretion Voting Authority
of --------------------- --------------------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------ ----- --------- ------------- ----------- ---- ----- ----- -------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COLONY PACIFIC SPECIAL WAR 307993147 0 50,000 1 1 50,000
CONTROL SCIENCE STEPPE WAR 212992168 404,323 500,000 1 1 500,000
GOLD
DAYTON MINING SPCL WARR WAR 505991190 127,274 100,000 1 1 100,000
GRAND COLOMBIA RESOURCES WAR 385991179 28,408 200,000 1 1 200,000
INTERNATIONAL PURSUITS WAR 46022DSP4 403,444 225,000 1 1 225,000
LOKI GOLD CORP SPL WTS WAR 396996191 1,402,825 525,000 1 1 525,000
NEVSUN RES. SPCL WARRANT WAR 64156L5P2 0 50,000 1 1 50,000
TIOMIN RESOURCES SP WTS WAR 887901SW7 0 350,000 1 1 350,000
VALERIE GOLD WAR 705991149 0 10,000 1 1 10,000
------------
2,366,273
Warrants, Rights South Africa
- -----------------------------
ORYX GOLD HOLDINGS WAR 6664154 0 850,000 1 1 850,000
Convertible Bonds U.S.
- ----------------------
AVATAR HOLDINGS CNVB 053494ad2 1,070,000 1,000,000 1 2 1,000,000
------------
1,070,000
------------
GRAND TOTAL 1,681,504,022
============
------------
Page Total 3,436,273
</TABLE>
NOTES:
This Form 13F, filed by Lexington Global Asset Managers, Inc. ("LGAM"),
a public reporting company under the Securities Exchange Act of 1934, is
being filed on behalf of its investment advisory subsidiaries, Lexington
Management Corporation and Market Systems Research Advisors, Inc.
INVESTMENT DISCRETION
Although LGAM itself is not a registered investment adviser, it is
filing this Form 13F on behalf of its subsidiaries on the basis that
Subsection 13f-1(b) deems investment discretion to be exercised with
respect to all accounts over which any person under its control
exercises investment discretion. In this respect, investment
discretion has been reported as shared amongst LGAM and the
subsidiary. Discretion may also be shared amongst LGAM and both
subsidiaries (e.g. one subsidiary serves as investment adviser to an
investment company portfolio, and the other as sub-adviser).
VOTING DISCRETION
Except in cases where the Manager is responsible for taking action
with respect to the voting of proxies as a result of contractual
or other legal provisions, voting authority is reported as "NONE".
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