United States
Securities and Exchange Commission
Washington, DC 20549
FORM 13F
FORM 13F Cover Page
Report for the Calendar Year or Quarter Ended: 06/30/98
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
August 13, 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: $1,585,657,007
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>
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
June 30, 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 22,054,500 565,500 1 1 565,500
183,300 4,700 1 1,2 4,700
ADAPTEC COM 00651f108 3,641,100 254,400 1 1 254,400
ALLIANCE CAPITAL MGMT COM 018548107 354,375 14,000 1 2 14,000
ALLIED CAPITAL CORP COM 01903q108 367,500 15,000 1 2 15,000
ALLIED GROUP INC COM 019220102 238,744 5,100 1 1,2 5,100
ALLIEDSIGNAL INC COM 019512102 12,288,547 276,925 1 1 276,925
ALLSTATE CP COM 020002101 1,410,063 15,400 1 2 15,400
AMERICA WEST HLDG CORP CL COM 023650203 214,219 7,500 1 1,2 7,500
B
AMERICAN EXPRESS CO COM 025816109 301,438 2,650 1 1 2,650
1,888,250 16,600 1 2 16,600
ANADARKO PETE CORP COM 032511107 1,410,938 21,000 1 1,2 21,000
ANGLO AMERICAN PLATINUM COM 603992108 690,690 62,790 1 1 62,790
AON CORP COM 037389103 358,275 5,100 1 2 5,100
APEX SILVER MINES LTD COM g04074103 435,938 45,000 1 1 45,000
AQUARION CO COM 03838w101 1,025,625 30,000 1 1,2 30,000
ASHANTI GOLDFIELDS LTD COM 043743202 247,200 30,900 1 1 30,900
ASTEC INDUSTRIES INC COM 046224101 232,050 6,800 1 1,2 6,800
ATLANTIC RICHFIELD CO COM 048825103 906,250 11,600 1 1,2 11,600
ATWOOD OCEANICS INC COM 050095108 1,688,050 42,400 1 1,2 42,400
AUTOMATIC DATA COM 053015103 1,756,288 24,100 1 2 24,100
AVATAR HOLDINGS INC. COM 053494100 1,477,375 53,000 1 1,2 53,000
211,850 7,600 1 2 7,600
AVERY DENNISON CORP. COM 053611109 1,343,750 25,000 1 1,2 25,000
AVON PRODS INC COM 054303102 7,217,175 93,200 1 1 93,200
BANCO GANADERO S A COM 059594507 1,168,538 66,300 1 1 66,300
BANCO SANTANDER CHILE COM 05965F108 3,154,375 245,000 1 1 245,000
BANK NEW YORK INC COM 064057102 31,959 525 1 1 525
2,100,188 34,500 1 2 34,500
------------
Page Total 68,398,546
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
June 30, 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>
BANKAMERICA CORP COM 066050105 1,652,150 19,100 1 2 19,100
BARRICK GOLD CORP COM 067901108 1,817,335 94,407 1 1 94,407
BATTLE MTN GOLD CO COM 071593107 890,625 150,000 1 1 150,000
BEATRIX MINES LTD COM 074190208 1,760,411 414,800 1 1 414,800
BELL CDA INTL INC COM 077914109 233,750 10,000 1 1 10,000
BJ SVCS CO COM 055482103 13,037,438 448,600 1 1 448,600
BLADEX ADR COM p16994132 1,097,775 35,700 1 1 35,700
BMC SOFTWARE INC COM 055921100 6,071,494 116,900 1 1 116,900
207,750 4,000 1 2 4,000
BOSTON PROPERTIES COM 101121101 340,000 10,000 1 2 10,000
BRASIL DISTR PAO ACU-SP COM 20440t201 1,567,913 69,300 1 1 69,300
ADR
BRISTOL-MYERS SQUIBB COM 110122108 19,941,656 173,500 1 1 173,500
2,206,800 19,200 1 2 19,200
BRITISH PETE PLC COM 110889409 247,100 2,800 1 2 2,800
BUCKEYE PARTNERS LP COM 118230101 458,000 16,000 1 2 16,000
BURLINGTON NORTHN SANTA COM 12189T104 8,161,836 83,125 1 1 83,125
CAMPBELL RES INC NEW COM 134422104 255,000 680,000 1 1 680,000
CANYON RESOURCES CORP COM 138869102 169,940 226,586 1 1 226,586
CARDINAL HEALTH INC COM 14149y108 8,718,750 93,000 1 1 93,000
2,053,125 21,900 1 2 21,900
CARIBINER INT'L INC COM 141888107 9,103,500 520,200 1 1 520,200
CENTEX CORP COM 152312104 1,819,550 48,200 1 2 48,200
CHEVRON CORPORATION COM 166751107 1,465,625 17,500 1 1,2 17,500
226,125 2,700 1 1 2,700
CIT GROUP, THE COM 125577106 10,908,750 290,900 1 1 290,900
CLEAR CHANNEL COM 184502102 2,138,850 19,600 1 2 19,600
COMMUNICATIONS
CLOROX CO DEL COM 189054109 2,008,125 21,000 1 2 21,000
COEUR D ALENE MINES CORP COM 192108108 729,675 108,100 1 1 108,100
COFLEXIP SPONSORED ADR COM 192384105 1,833,750 30,000 1 1,2 30,000
317,850 5,200 1 2 5,200
COLUMBIA GAS SYSTEM COM 197648108 1,279,375 23,000 1 1,2 23,000
------------
Page Total 102,720,021
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
June 30, 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>
COMCAST CORP CL A COM 200300101 1,904,025 47,900 1 2 47,900
COMCAST CORP K COM 200300200 7,034,897 173,300 1 1 173,300
COMPUTER ASSOC INTL INC COM 204912109 14,328,180 257,875 1 1 257,875
CONSOLIDATED STORES CORP COM 210149100 8,623,875 237,900 1 1 237,900
COOPER CAMERON CORP COM 216640102 795,600 15,600 1 1,2 15,600
COSTCO COMPANIES INC COM 22160q102 20,198,919 320,300 1 1 320,300
2,919,794 46,300 1 2 46,300
CYMER INC. COM 232572107 4,100,588 254,300 1 1 254,300
129,000 8,000 1 1,2 8,000
DANA CORP COM 235811106 10,103,475 188,850 1 1 188,850
1,776,200 33,200 1 2 33,200
DATA GEN CORP COM 237688106 8,518,856 570,300 1 1 570,300
DISNEY WALT COMPANY COM 254687106 17,661,006 168,100 1 1 168,100
DOW CHEMICAL COMPANY COM 260543103 1,353,625 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 1,511,601 1,469,000 1 1 1,469,000
ECOLAB INC COM 278865100 5,741,200 185,200 1 1 185,200
2,418,000 78,000 1 2 78,000
ELAN PLC AMER DEP RECEIPTCOM 284131208 9,905,733 154,025 1 1 154,025
ELANDSRAND GOLD MNG LTD COM S24860116 0 1,745,100 1 1 1,745,100
ELF AQUITAINE SPONSORED COM 286269105 2,002,200 28,200 1 1,2 28,200
ADR
7,976,850 112,350 1 1 112,350
EMC CORP COM 268648102 22,278,534 497,150 1 1 497,150
1,617,731 36,100 1 2 36,100
EMERSON ELECTRIC COM 291011104 14,831,119 245,650 1 1 245,650
EQUITY RESIDENTIAL PPTYS COM 29476L107 7,850,038 165,700 1 1 165,700
SH BEN INT
198,975 4,200 1 2 4,200
EQUITY RESIDENTIAL PPTYS COM 29476l883 517,500 20,000 1 2 20,000
TR
ESPIRITO SANTO FINL GROUP-COM 29665f200 5,630,625 231,000 1 1 231,000
ADR
EVANDER GOLD MINES LTD COM 299003103 31,119 14,100 1 1 14,100
EXEL LIMITED COM g3242a102 17,128,325 220,300 1 1 220,300
------------
Page Total 202,073,138
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
June 30, 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>
EXXON CORP COM 302290101 6,869,844 96,250 1 1 96,250
1,898,575 26,600 1 1,2 26,600
1,641,625 23,000 1 2 23,000
FEDERAL MOGUL CORP. COM 313549107 13,881,375 205,650 1 1 205,650
FEDERAL NATIONAL MORTGAGE COM 313586109 16,200,506 266,675 1 1 266,675
ASSN
FINGERHUT COS INC COM COM 317867109 227,700 6,900 1 1,2 6,900
FIRST UNION CORP COM 337358105 1,689,250 29,000 1 2 29,000
FOREMOST CORP OF AMER COM 345469100 4,993,875 207,000 1 1 207,000
340,163 14,100 1 2 14,100
FORT JAMES CORP COM 347471104 16,815,816 376,825 1 1 376,825
2,677,500 60,000 1 1,2 60,000
343,613 7,700 1 2 7,700
FREE ST DEV & INVT LTD COM 356146407 52,200 150,000 1 1 150,000
FREEPORT MCMORAN COP&GOL COM 35671D105 1,462,050 102,600 1 1 102,600
108,300 7,600 1 2 7,600
FREEPORT-MCM COPR GOLD COM 35671D857 1,518,750 100,000 1 1 100,000
GANNETT INC COM 364730101 6,516,431 91,700 1 1 91,700
2,245,575 31,600 1 2 31,600
GAP INC DEL COM 364760108 16,219,500 264,000 1 1 264,000
GENERAL ELEC CO COM 369604103 10,580,122 116,425 1 1 116,425
2,017,425 22,200 1 2 22,200
GENERAL RE CORP COM 370563108 1,723,800 6,800 1 2 6,800
GETCHELL GOLD CORP COM 374265106 955,848 62,169 1 1 62,169
GLOBAL INDUSTRIES LTD COM 379336100 13,095,000 776,000 1 1 776,000
GOLD BULLION COM 380992107 8,142,232 27,420 1 1 27,420
GOLD MINES OF KALGOORLIE COM 380995100 1,649,763 1,240,423 1 1 1,240,423
GOLD RESV CORP COM 380687103 193,750 100,000 1 1 100,000
GOLDCORP INC NEW COM 380956102 234,375 50,000 1 1 50,000
GOLDEN KNIGHT RESOURCES COM 381090109 87,500 175,000 1 1 175,000
GOLDEN WEST FIN COM 381317106 1,647,844 15,500 1 2 15,500
GRANITE CONSTR INC COM COM 387328107 214,375 7,000 1 1,2 7,000
------------
Page Total 136,244,680
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
June 30, 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>
GROOTVLEI PROP ORD COM S33440108 674,438 359,700 1 1 359,700
GRUPO CASA AUTREY S A DE COM 40048P104 438,100 67,400 1 1 67,400
GRUPO MEXICO A2 COM 319993101 1,732,132 634,016 1 1 634,016
GTE CORP COM 362320103 10,040,313 180,500 1 1 180,500
HALLIBURTON CO COM 406216101 1,777,500 40,000 1 1,2 40,000
HARMONY GOLD MNG LTD COM S34320101 409,050 72,720 1 1 72,720
HARTEBEESTFONTEIN GOLD M COM S34540112 147,050 69,200 1 1 69,200
HBO & CO COM 404100109 5,040,750 143,000 1 1 143,000
2,143,200 60,800 1 2 60,800
HECLA MNG CO COM 422704106 1,271,813 239,400 1 1 239,400
HINDALCO GRD COM 218999100 356,783 22,650 1 1 22,650
HINDALCO INDS LTD COM 433064102 1,433,432 91,000 1 1 91,000
HINDALCO ORD COM 537996100 1,672,862 106,200 1 1 106,200
HOME DEPOT INC COM 437076102 8,260,566 99,450 1 1 99,450
2,442,038 29,400 1 2 29,400
HOMESTAKE MNG CO COM 437614100 3,828,375 369,000 1 1 369,000
IAMGOLD INTL COM 450913108 334,125 89,100 1 1 89,100
ILLINOIS TOOL WORKS COM 452308109 1,987,288 29,800 1 2 29,800
IMAX CORPORATION COM 45245e109 10,506,350 463,100 1 1 463,100
IMPALA COM 6457804 1,268,500 118,000 1 1 118,000
IMPERICAL CHEMICAL IND COM 452704505 1,612,500 25,000 1 1,2 25,000
PLC ADR
INGERSOLL RAND CO COM 456866102 6,695,297 151,950 1 1 151,950
INSITUFORM TECH INC CL A COM 457667103 179,959 13,000 1 1,2 13,000
INTL PAPER CO COM 460146103 1,505,000 35,000 1 1,2 35,000
185,975 4,325 1 1 4,325
202,100 4,700 1 2 4,700
IPL ENERGY INC COM 449911106 660,650 14,600 1 1,2 14,600
JCI LIMITED ADR COM 556996106 148,956 28,443 1 1 28,443
JEFFERSON PILOT COM 475070108 1,659,909 28,650 1 2 28,650
JOHNSON & JOHNSON COM 478160104 9,988,150 134,975 1 1 134,975
KANEB SERVICES INC COM COM 484170105 195,750 36,000 1 1,2 36,000
------------
Page Total 78,798,908
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
June 30, 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>
KROGER CO COM 501044101 1,766,450 41,200 1 2 41,200
LABORATORY AMER HLDGS PFD COM 50540r201 254,124 4,706 1 1,2 4,706
CV EXCH% A
LEBOWA PLATINUM COM 586998106 627,602 615,900 1 1 615,900
LEXINGTON GROWTH&INCOME COM 528922107 311,791 13,544 1 1 13,544
LIBERTY LIFE LONDON COM 530993104 1,710,501 87,700 1 1 87,700
LIHIR GOLD LTD COM 532349107 365,625 15,000 1 1 15,000
LOEWEN GROUP INC COM 252297 4,217,400 156,200 1 1 156,200
LORAINE GOLD MINES LTD COM S46200101 686,263 238,700 1 1 238,700
LUCENT TECHNOLOGIES INC COM 549463107 4,864,454 58,476 1 1 58,476
LUKOIL HOLDINGS OF RUSSIACOM 4560588 696,384 83,200 1 1 83,200
LUKOIL HOLDINS (NEW) COM 549990109 499,689 59,700 1 1 59,700
MANDARIN ORIENTAL INTL COM 6560713 684,000 1,200,000 1 1 1,200,000
MANOR CARE COM 564054104 1,648,969 42,900 1 2 42,900
MARSH & MCLENNAN COS INC COM 571748102 17,211,089 284,775 1 1 284,775
1,921,913 31,800 1 2 31,800
MARTIN MARIETTA MATERIALSCOM 573284106 5,971,500 132,700 1 1 132,700
2,070,000 46,000 1 1,2 46,000
292,500 6,500 1 2 6,500
MASCO CORP COM 574599106 1,754,500 29,000 1 2 29,000
MAYTAG CORP COM 578592107 1,678,750 34,000 1 2 34,000
MCGRAW HILL COS INC COM 580645109 1,613,700 19,800 1 2 19,800
MEDTRONIC INC COM 585055106 8,894,719 139,525 1 1 139,525
318,750 5,000 1 2 5,000
MERCK & CO INC COM 589331107 310,969 2,325 1 1 2,325
MERRILL LYNCH COM 590188108 5,276,700 57,200 1 1 57,200
1,605,150 17,400 1 2 17,400
MGIC INV CP COM 552848103 1,283,906 22,500 1 2 22,500
MID OCEAN LIMITED COM g61061100 266,900 3,400 1 2 3,400
MILLENIUM CHEMICALS COM 599903101 9,718,738 286,900 1 1 286,900
MOBIL CORP COM 607059102 8,346,378 108,925 1 1 108,925
MONSANTO CO COM 611662107 1,396,875 25,000 1 1,2 25,000
------------
Page Total 88,266,287
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
June 30, 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>
MORGAN J P & CO INC COM 616880100 272,170 2,325 1 1 2,325
MORGAN STAN DEAN WITTR COM 617446448 402,050 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 5,654,600 156,800 1 1 156,800
NAC RE CORP COM 628907107 14,795,550 277,200 1 1 277,200
NAMIBIAN MINERALS CORP. COM 629913104 113,281 50,000 1 1 50,000
NATIONAL SVC INDS INC COM 637657107 1,500,813 29,500 1 2 29,500
NATIONSBANK CORP COM 638585109 17,107,064 223,075 1 1 223,075
NAVIGATORS GROUP INC COM 638904102 189,375 10,000 1 2 10,000
NETWORK ASSOC COM 640938106 15,856,200 331,200 1 1 331,200
NEW WITS LTD COM 6633626 182,500 100,000 1 1 100,000
NEWMONT GOLD CO COM 651637100 864,063 35,000 1 1,2 35,000
1,234,375 50,000 1 1 50,000
NEWMONT MINING CORP COM 651639106 1,535,625 65,000 1 1 65,000
73,238 3,100 1 2 3,100
NOBLE AFFILIATES INC COM 654894104 1,387,000 36,500 1 1,2 36,500
NORTHERN BORDER PARTNERS COM 664785102 318,750 10,000 1 2 10,000
UNIT LTD
O'REILLY AUTOMOTIVE INC COM 686091109 216,000 6,000 1 1,2 6,000
OLIN CORP COM 680665205 833,750 20,000 1 1,2 20,000
PARTNERRE LTD COM COM G6852T105 255,000 5,000 1 2 5,000
PBOC HOLDINGS INC COM 69316g108 268,730 19,500 1 1,2 19,500
PENOLES A2 COM 709992101 4,032,655 1,045,000 1 1 1,045,000
PEOPLE'S PRFD CAP COM 712204205 386,250 15,000 1 2 15,000
PEPSICO CO. COM 713448108 17,116,495 415,575 1 1 415,575
PFIZER INC COM 717081103 16,754,178 154,150 1 1 154,150
PHARMACIA UPJOHN INC COM 716941109 10,290,488 223,100 1 1 223,100
PHILIP MORRIS COS INC COM 718154107 15,270,609 387,825 1 1 387,825
PIEDMONT NATURAL GAS CO COM 720186105 295,900 8,800 1 1,2 8,800
PIONEER GROUP INC COM 723684106 394,688 15,000 1 1 15,000
PIONEER HI-BRED INTL COM 723686101 1,613,625 39,000 1 1,2 39,000
2,445,263 59,100 1 2 59,100
------------
Page Total 131,796,883
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
June 30, 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>
PITNEY BOWES INC COM 724479100 5,981,938 124,300 1 1 124,300
1,780,625 37,000 1 2 37,000
PLACER DOME INC COM 725906101 3,478,000 296,000 1 1 296,000
PRIME RESOURCES GROUP COM 74157l109 2,801,600 400,000 1 1 400,000
PROCTER & GAMBLE CO COM 742718109 18,720,173 205,575 1 1 205,575
PROGRESSIVE CORP COM 743315103 1,748,400 12,400 1 2 12,400
PROVIDIAN CP COM 744061102 2,097,619 26,700 1 2 26,700
RANDGOLD RES LTD GDR COM 752344101 8,022 10,500 1 1 10,500
144A
REA GOLD CORP COM 754900108 0 107,000 1 1 107,000
REPUBLIC SERVICES GROUP COM 760759100 4,200,000 175,000 1 1 175,000
RITE AID CORP COM 767754104 13,348,773 355,375 1 1 355,375
ROGERS CORP COM 775133101 650,100 19,700 1 1,2 19,700
ROSTELECOM COM 5004148 210,665 92,600 1 1 92,600
ROSTELECOM COM 778990101 887,705 390,200 1 1 390,200
RUBBERMAID INC COM 781088109 12,886,500 390,500 1 1 390,500
SAFEWAY INC COM 786514208 25,968,797 638,250 1 1 638,250
SAMAZ GOLD 144A COM 795915107 447,120 120,000 1 1 120,000
SAN LUIS CPO COM 768996100 1,305,356 451,056 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 5,638,500 100,800 1 1 100,800
1,459,969 26,100 1 2 26,100
SCHERING-PLOUGH COM 806605101 2,098,213 22,900 1 2 22,900
SCHLUMBERGER LTD COM 806857108 2,220,156 32,500 1 1,2 32,500
186,152 2,725 1 1 2,725
170,781 2,500 1 2 2,500
SILVER BULLION COM 827998105 6,631,724 1,198,144 1 1 1,198,144
SKYLINE CORP COM COM 830830105 212,063 6,500 1 1,2 6,500
SKYWEST INC COM 830879102 240,800 8,600 1 1,2 8,600
ST HELENA GOLD MINES LTD COM 789670205 359,531 177,000 1 1 177,000
STILLWATER MNG CO COM COM 86074q102 1,491,875 55,000 1 1 55,000
STOLT COMEX SEAWAY ADR COM 861567105 664,594 38,250 1 1,2 38,250
79,925 4,600 1 2 4,600
------------
Page Total 119,432,706
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
June 30, 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>
STOLT COMEX SEAWAY SA COM l8873e103 1,477,368 76,500 1 1,2 76,500
177,670 9,200 1 2 9,200
STRUCTURAL DYNAMICS RESH COM 863555108 8,651,063 374,100 1 1 374,100
SUMMIT BANCORP COM 866005101 6,319,875 133,050 1 1 133,050
SUNAMERICA INC COM 866930100 353,241 6,150 1 2 6,150
SUNGARD DATA SYSTEMS COM 867363103 19,440,775 506,600 1 1 506,600
SUNSHINE MINING & COM 867833105 492,188 525,000 1 1 525,000
REFINING
SUTTON RES LTD COM 869474403 106,875 19,000 1 1 19,000
TELE COMM INC A COM 87924v101 2,021,813 52,600 1 2 52,600
TEPPCO PARTENERS - LP COM 872384102 324,000 6,000 1 2 6,000
TEVA PHARMACEUTICAL INDS COM 881624209 10,739,225 305,200 1 1 305,200
TEXACO INC COM 881694103 16,666,242 279,225 1 1 279,225
167,125 2,800 1 2 2,800
TIME WARNER COM 887315109 1,785,644 20,900 1 2 20,900
TJX CO INC COM 872540109 15,850,125 657,000 1 1 657,000
TORCHMARK CORP COM 891027104 1,692,750 37,000 1 2 37,000
TOTAL S.A.- SPONSORED ADRCOM 89151e109 1,307,500 20,000 1 1,2 20,000
TRANSAMERICA CORP COM 893485102 1,577,213 13,700 1 2 13,700
TRAVELERS GROUP INC COM 894190107 175,964 2,903 1 1 2,903
2,227,969 36,750 1 2 36,750
TYCO INTL LTD COM 902124106 25,322,850 401,950 1 1 401,950
491,400 7,800 1 2 7,800
U.S. FOODSERVICE COM 466232105 10,038,394 286,300 1 1 286,300
U.S.BANCORP COM 442865408 32,637 759 1 1 759
1,715,700 39,900 1 2 39,900
UNIFIED ENERGY SYSTEMS COM 5252594 20,698 158,000 1 1 158,000
(GDR)
UNIFIED ENERGY SYSTEMS COM 4967242 254,926 1,946,000 1 1 1,946,000
PFD.
UNILEVER NV COM 904784501 6,180,806 78,300 1 1 78,300
252,600 3,200 1 2 3,200
UNION CAMP CORP COM 905530101 893,250 18,000 1 1,2 18,000
UNION PLANTERS CORP COM 908068109 14,026,781 238,500 1 1 238,500
------------
Page Total 150,784,665
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
June 30, 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>
UNITED ASSET MGMT CORP COM 909420101 234,563 9,000 1 2 9,000
UNTD ENRGY SYS OF RUSSIA COM 904995107 652,825 4,983,400 1 1 4,983,400
USAIR GROUP COM 911905107 1,925,775 24,300 1 2 24,300
USX MARATHON GROUP COM COM 902905827 1,372,500 40,000 1 1,2 40,000
NEW
VAAL REEFS EXPL ADR COM 918506403 1,205,167 59,400 1 1 59,400
VAAL REEFS EXPL ORD COM S91224105 0 21,700 1 1 21,700
VIDESH SANCHAR NIGAM GDR COM 92659g105 1,242,270 116,100 1 1 116,100
144A
VINA CONCHAY TORO ADR COM 927191106 2,616,300 91,800 1 1 91,800
VISTA GOLD CORP. COM 927926105 39,063 250,000 1 1 250,000
WALGREEN CO COM 931422109 1,883,850 45,600 1 2 45,600
WANT WANT HLDGS 'A' COM 6015729 198,660 301,000 1 1 301,000
WANT WANT HOLDINGS COM 513994103 753,320 1,018,000 1 1 1,018,000
WARNER LAMBERT CO COM 934488107 6,576,750 94,800 1 1 94,800
WEST RAND CONSOLIDATED COM 6952406 174,800 200,000 1 1 200,000
MINES
WESTERN AREAS ADR COM 957654205 410,684 127,304 1 1 127,304
WESTERN AREAS GOLD MINES COM S96528112 351,203 108,900 1 1 108,900
WESTERN ATLAS COM 957674104 1,867,250 22,000 1 2 22,000
WESTERN DEEP LEV ORD COM S96749148 0 69,500 1 1 69,500
WILLIAMS COS INC DEL COM 969457100 18,373,500 544,400 1 1 544,400
2,160,000 64,000 1 1,2 64,000
2,001,375 59,300 1 2 59,300
WINKELHAAK MINES COM S97633119 606,375 99,000 1 1 99,000
YPF SOCIEODAD ANONIMA COM 984245100 1,683,500 56,000 1 1,2 56,000
273,569 9,100 1 2 9,100
ZALE CORP COM 988858106 8,172,631 256,900 1 1 256,900
------------
1,133,291,764
Common Stock Argentina
- ----------------------
PEREZ COMPANC COM 2681931 2,863,310 570,312 1 1 570,312
------------
Page Total 57,639,238
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
June 30, 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>
------------
2,863,310
Common Stock Austria
- --------------------
BOEHLER UDDEHOLM COM 4121305 5,684,502 86,040 1 1 86,040
WEINERBERGER BAUSTOFF COM 4969602 10,106,941 41,780 1 1 41,780
------------
15,791,444
Common Stock Australia
- ----------------------
ACACIA RESOURCES LTD. COM 6005582 257,756 242,000 1 1 242,000
ACACIA RESOURCES ORD COM 6005582 1,336,707 1,255,000 1 1 1,255,000
AURORA GOLD LTD. COM 6068615 749,289 1,000,000 1 1 1,000,000
BURMINE LIMITED COM 068993104 569,181 265,650 1 1 265,650
CLIMAX AUSTRALIA COM 6015138 154,967 910,000 1 1 910,000
DELTA GOLD COM 6260660 735,666 600,000 1 1 600,000
DELTA GOLD NL COM 6260660 367,833 300,000 1 1 300,000
EAGLE MINING CORP COM 6723721 199,893 107,600 1 1 107,600
EMPEROR MINES LIMITED COM 6313508 171,600 602,413 1 1 602,413
FOSTER BREWING COM 6349268 4,746,519 2,017,100 1 1 2,017,100
GHANA GOLD MINES LTD COM 367993102 69,356 800,000 1 1 800,000
GOLDEN SHAMROCK MINES COM 6953777 1,047,767 1,800,000 1 1 1,800,000
GOLDFIELDS LIMITED COM 6370008 11,146 10,000 1 1 10,000
GREAT CENTRAL MINES COM 6383794 230,686 241,900 1 1 241,900
GWALIA CONSOLIDATED LTD COM 6415567 740,868 299,100 1 1 299,100
LIHIR GOLD LTD. COM 6518596 677,766 550,000 1 1 550,000
MACRAES MINING CO. COM 6551773 86,695 200,000 1 1 200,000
MENZIES GOLD COM 6578277 172,956 1,470,000 1 1 1,470,000
MIM HOLDINGS ORD COM 6550167 492,673 1,020,000 1 1 1,020,000
------------
Page Total 28,610,765
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
June 30, 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>
NEWCREST MINING LTD. COM 6637101 122,611 100,000 1 1 100,000
NIUGINI MINING LIMITED COM 6643153 436,569 293,750 1 1 293,750
NIUGINI MINING LTD/ COM 6643153 297,239 200,000 1 1 200,000
NORMANDY POSEIDON COM 6645201 1,432,537 1,752,539 1 1 1,752,539
OTTER GOLD MINES LTD COM 689991107 227,573 350,000 1 1 350,000
OTTER GOLD MINES LTD. COM 6595782 65,021 100,000 1 1 100,000
PASMINCO LIMITED COM 6671080 114,251 150,000 1 1 150,000
PLUTONIC RESOURCES ORDS COM 6644349 2,399,583 250,000 1 1 250,000
POSEIDON GOLD LTD COM 6065081 1,399,336 682,700 1 1 682,700
RANGER MINERALS N.L. COM 6723077 424,612 191,000 1 1 191,000
RESOLUTE LIMITED COM 6771430 30,343 50,000 1 1 50,000
TELSTRA CORP INSTALLMENT COM 6085454 484,280 188,900 1 1 188,900
------------
20,253,277
Common Stock Brazil
- -------------------
COTEMINAS (PREF) COM 2229212 723,715 5,167,000 1 1 5,167,000
EMPESA NACIONAL COM 2089234 23,482 13,580,000 1 1 13,580,000
LIGHT SERVICOS DE COM 2516668 1,750,127 5,702,000 1 1 5,702,000
ELECTICIDADE SA ON
PETROBRAS PFD COM 2684532 1,328,731 7,148,000 1 1 7,148,000
SOUZA CRUZ S.A. COM 283214 1,442,494 194,000 1 1 194,000
TELEC DO RIO JANEIRO SA- COM 287996 1,090,690 14,500,000 1 1 14,500,000
PREF
TELESP COM 2882541 2,235,531 9,506,000 1 1 9,506,000
------------
8,594,769
Common Stock Canada
- -------------------
ADRIAN RES LTD COM 00733P108 19,126 100,000 1 1 100,000
AREQUIPA RES LTD COM 039907100 401,213 20,000 1 1 20,000
------------
Page Total 16,449,063
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
June 30, 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>
BANRO RESOURCE CORP. COM 066909102 204,006 75,000 1 1 75,000
BARRICK GOLD INSTL. COM 067901306 1,213,838 100,000 1 1 100,000
RECEIPTS
BATTLE MTN GOLD CO COM 071593107 405,152 100,344 1 1 100,344
BRE-X MINERALS LTD COM 10625K109 612 10,000 1 1 10,000
CAMBIOR INC COM 13201L103 936,857 234,500 1 1 234,500
CAMBIOR INC. COM 13201l103 399,512 100,000 1 1 100,000
DAYTON MNG CORP COM 239902109 144,930 310,000 1 1 310,000
ELDORADO GOLD CORP COM 284902103 53,178 92,000 1 1 92,000
ETRUSCAN ENTERPRISES LTD COM 29786L102 133,624 50,000 1 1 50,000
EURO NEVADA MINING CORP. COM 29870p100 384,212 25,000 1 1 25,000
FALCONBRIDGE LTD NEW COM 305915100 603,519 50,000 1 1 50,000
FRANCISCO GOLD CORP COM 351902101 265,208 30,000 1 1 30,000
FRANCO NEV MNG LTD COM 351860101 1,189,357 60,000 1 1 60,000
GEDDES RES LTD COM 368464103 3,577 526,000 1 1 526,000
GEOMAQUE EXPLS LTD COM 37247E104 589,442 433,400 1 1 433,400
GOLDCORP. INC. A COM 380956102 382,512 120,000 1 1 120,000
GOLDEN BEAR MINERALS INC COM 380963108 55,384 626,500 1 1 626,500
GOLDEN KNIGHT RESOURCES COM 381090109 34,001 100,000 1 1 100,000
GOLDEN QUEEN MINING LTD COM 38115j100 297,305 546,500 1 1 546,500
GREENSTONE RES LTD COM 39573W104 65,877 25,000 1 1 25,000
HUDSONS BAY CO. COM 444204101 3,364,174 146,800 1 1 146,800
INTL GOLD RES CORP COM 45955C103 2,003,368 548,100 1 1 548,100
KINROSS GOLD CORP COM 496902107 304,990 138,000 1 1 138,000
KINROSS GOLD CORPORATION COM 496902107 773,524 350,000 1 1 350,000
LAMINCO RES INC COM 513900100 10,880 200,000 1 1 200,000
MERIDIAN GOLD INC COM 589975200 414,813 200,000 1 1 200,000
METALLICA RES INC COM 59125J104 15,991 21,500 1 1 21,500
MINEFINDERS CORP COM 602997124 81,603 60,000 1 1 60,000
NEVSUN RES LTD COM 64156L101 64,602 50,000 1 1 50,000
PAN AMERICAN SILVER CORP COM 697900108 372,312 60,000 1 1 60,000
PAN AMERICAN SILVER COM 697900900 1,718,414 190,000 1 1 190,000
CORPORATION
------------
Page Total 16,486,773
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
June 30, 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>
PRIME RESOURCES GROUP COM 74157L109 175,105 25,000 1 1 25,000
RESSOURCES WILLIAM INC COM 760933101 34,273 280,000 1 1 280,000
ROMARCO MINERALS INC COM 775903107 206,210 159,600 1 1 159,600
SAMAX GOLD, INC. COM 795915909 292,868 80,500 1 1 80,500
SILVER STD RES INC COM 82823L106 609,894 350,000 1 1 350,000
SUTTON RESOURCES COM 869474403 68,852 18,000 1 1 18,000
TOMBSTONE EXPLS LTD COM 889904108 51,002 312,500 1 1 312,500
TRITON MNG CORP COM 896930104 17,001 100,000 1 1 100,000
TVX GOLD INC COM 87308K101 106,253 50,000 1 1 50,000
VENORO GOLD CORP COM 922923107 1,547 22,750 1 1 22,750
WESTERN COPPER HOLDINGS COM 95805J105 260,108 75,000 1 1 75,000
X-CAL RESOURCES COM 98370r106 170,005 500,000 1 1 500,000
YOGEN FRUZ WORLD COM 985902105 9,064,974 1,017,590 1 1 1,017,590
------------
27,965,203
Common Stock Switzerland
- ------------------------
NESTLE AG REGD COM 4616696 6,651,168 3,108 1 1 3,108
NOVARTIS COM 5047831 9,586,401 5,761 1 1 5,761
RENTENANSTALT COM 5285868 6,382,705 7,540 1 1 7,540
ROCHE HLDG GENUSSCHEINE COM 4745772 4,360,054 444 1 1 444
SAURER AG ARBON COM 4829513 4,383,867 4,290 1 1 4,290
------------
31,364,195
Common Stock Czech Republic
- ---------------------------
SPT TELECOM AS CSK 1000 COM 4766610 234,781 16,970 1 1 16,970
------------
234,781
Common Stock Germany
- --------------------
ALLIANZ COM 5231485 3,878,851 11,640 1 1 11,640
------------
Page Total 46,535,920
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
June 30, 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 3,770,543 44,600 1 1 44,600
FIELMANN AG COM 453674 4,422,148 126,600 1 1 126,600
HOECHST AG ORD COM 5070376 5,796,828 115,300 1 1 115,300
RHOEN-KLINIKUM COM 471762 7,133,930 72,140 1 1 72,140
STO PREF COM 4854805 3,817,735 10,194 1 1 10,194
VEBA AG COM 494290 3,979,935 59,200 1 1 59,200
------------
32,799,971
Common Stock France
- -------------------
ALCATEL ALSTHOM (CGE) COM 4216825 5,533,161 27,176 1 1 27,176
AXA-UAP COM 4026927 4,731,634 42,070 1 1 42,070
BANQUE NATIONALE DE PARISCOM 413366 4,301,848 52,650 1 1 52,650
BOUYGUES OFFSHORE SA COM 506918 4,068,124 94,600 1 1 94,600
GRANDVISION COM 439301 4,444,851 133,700 1 1 133,700
SIDEL SA FF 10 PAR COM 5092433 7,110,121 97,700 1 1 97,700
VIVENDI COM 417592 8,825,136 41,330 1 1 41,330
------------
39,014,876
Common Stock Great Britain
- --------------------------
AEGIS GROUP (144A) COM 0965756 1,610,103 1,000,000 1 1 1,000,000
AEGIS GROUP ORD COM 0965756 5,531,507 3,435,500 1 1 3,435,500
BRITISH STEEL COM 0141147 2,685,241 1,222,000 1 1 1,222,000
CADBURY SCHWEPPES PLC COM 016124 5,492,198 354,900 1 1 354,900
CAPITA GROUP COM 0173474 4,799,424 558,000 1 1 558,000
DFS FURNITURE CO PLC COM 0242437 2,365,687 717,900 1 1 717,900
GLAXO WELLCOME COM 0371784 4,916,673 163,800 1 1 163,800
HARVEY NICHOLS COM 0414300 1,412,983 359,600 1 1 359,600
------------
Page Total 96,749,810
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
June 30, 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>
J.D. WETHERSPOON PLC COM 0163895 1,188,368 243,500 1 1 243,500
LONRHO ORD COM 0534101 1,500,524 315,000 1 1 315,000
ORIFLAME INT'L ORD COM 0662217 1,336,469 180,000 1 1 180,000
PIZZA ESPRESS PLC COM 0841953 2,492,324 174,300 1 1 174,300
POLYPIPE COM 0693808 3,863,147 1,591,300 1 1 1,591,300
PROVIDENT FINANCIAL COM 0701433 7,223,551 460,571 1 1 460,571
REGENT INNS COM 0730415 2,922,001 926,600 1 1 926,600
ROYAL BANK OF SCOTLAND COM 0754783 5,094,665 293,600 1 1 293,600
RTZ CORP ORD (REGD) COM 0718875 7,784,103 691,160 1 1 691,160
SMITHKLINE BEECHAM COM 013565 8,831,594 723,600 1 1 723,600
TOMKINS ORD COM 0896265 4,822,053 888,700 1 1 888,700
VODAFONE GROUP ORD COM 0719210 6,352,085 500,600 1 1 500,600
WIMPEY PLC COM 0971344 4,667,264 2,401,100 1 1 2,401,100
------------
86,891,962
Common Stock Greece
- -------------------
AKTOR CONSTRUCTIONS COM 401824 128,024 14,700 1 1 14,700
ALPHA CREDIT COM 4235864 6,671,254 82,300 1 1 82,300
ATHENS MEDICAL COM 405661 2,313,083 117,500 1 1 117,500
COMMERCIAL BANK OF GREECECOM 421282 4,821,380 65,000 1 1 65,000
DELTA DAIRY PREF COM 4260189 2,605,160 225,840 1 1 225,840
ERGO BANK COM 4303073 3,880,067 45,400 1 1 45,400
HELLENIC TELECOMMUN COM 5051605 12,259,069 478,230 1 1 478,230
MICHANIKI SA COM 4588784 4,129,564 785,340 1 1 785,340
------------
36,807,601
Common Stock Hong Kong
- ----------------------
CHINA RESOURCES BEIJING COM 619376 516,224 1,600,000 1 1 1,600,000
LAND
------------
Page Total 95,401,973
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
June 30, 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 RESOURCES COM 697245 10,324 10,000 1 1 10,000
ENTERPRISES
CHINA TELECOM COM 607355 1,274,079 734,000 1 1 734,000
JCG HOLDINGS LTD COM 6477493 2,697,566 9,722,000 1 1 9,722,000
MOULIN INTL HOLDING,LTD. COM 6606811 1,129,375 11,365,000 1 1 11,365,000
MOULIN INTL WARRANTS COM w213257 894 119,416 1 1 119,416
MOULIN INTL. HOLDINGS, COM 6037046 8,995 1,201,666 1 1 1,201,666
LTD. WARRANTS
------------
5,637,458
Common Stock Hungary
- --------------------
ZALAKERAMIA COM 4992415 2,347,550 66,100 1 1 66,100
------------
2,347,550
Common Stock Indonesia
- ----------------------
TAMBANG TIMAH (L) COM 6875730 786,941 1,758,000 1 1 1,758,000
------------
786,941
Common Stock Ireland
- --------------------
ALLIED IRISH BANKS COM 4020684 4,899,757 339,400 1 1 339,400
RYANAIR HOLDINGS COM 0038227 3,676,869 518,910 1 1 518,910
------------
8,576,626
Common Stock Israel
- -------------------
BANK HAPOALIM LTD COM 607580 7,378,144 2,440,000 1 1 2,440,000
------------
Page Total 24,210,494
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
June 30, 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>
BANK LEUMI LE-ISRAEL COM 607642 281,167 141,000 1 1 141,000
------------
7,659,311
Common Stock India
- ------------------
HINDUSTAN PETROLEUM COM 6428394 2,333,323 253,200 1 1 253,200
------------
2,333,323
Common Stock Italy
- ------------------
FIAT SPA PFD COM 433562 3,186,764 1,293,000 1 1 1,293,000
TELECOM ITALIA COM 5297506 6,057,507 829,100 1 1 829,100
------------
9,244,271
Common Stock Japan
- ------------------
AMWAY JAPAN COM 6028976 1,765,673 166,700 1 1 166,700
ASAHI DIAMOND INDUS CO COM 605478 2,008,502 446,000 1 1 446,000
LTD
BENESSE CORPORATION COM 612192 1,743,812 49,900 1 1 49,900
BUNKA SHUTTER COM 615246 1,853,082 668,000 1 1 668,000
DOUTOR COFFEE COM 6285210 2,910,357 114,100 1 1 114,100
FUJI BANK LTD COM 635628 147,184 33,000 1 1 33,000
MOS FOOD SERVICES COM 660583 3,435,890 289,000 1 1 289,000
NATIONAL HOUSE INDUSTRIAL COM 6625720 5,499,398 718,000 1 1 718,000
CO.
PARIS MIKI INC COM 666720 893,803 68,120 1 1 68,120
SAKURA BANK LTD COM 659871 2,181,504 841,000 1 1 841,000
SNOW BRAND MILK PRODUCTS COM 6818401 2,896,134 957,000 1 1 957,000
CO.
TIEMCO COM 6878881 450,553 48,100 1 1 48,100
------------
Page Total 37,644,654
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
June 30, 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>
YORK-BENIMARU COM 698695 3,411,420 181,400 1 1 181,400
------------
29,197,313
Common Stock Mexico
- -------------------
BANACCI 'B' COM 2393184 1,041,894 535,000 1 1 535,000
BANCOMER 'B' COM 2074229 834,328 2,238,000 1 1 2,238,000
CEMEX SA 'B' COM 2183084 1,142,884 260,000 1 1 260,000
CIE COM 2224347 657,687 236,400 1 1 236,400
CORPORACION GEO 'B' COM 222934 1,273,710 228,000 1 1 228,000
GRUPO INDS MASECA B COM 2390572 1,520,147 2,088,700 1 1 2,088,700
GRUPO INDUSTIAL SALTILLO COM 2396376 714,442 214,000 1 1 214,000
------------
7,185,093
Common Stock Malaysia
- ---------------------
AUSTRAL ENTERPRISES COM 6067827 470,886 558,000 1 1 558,000
BERJAYA SPORTS TOTO COM 6331566 744,377 502,000 1 1 502,000
HAP SENG CONSOLIDATED COM 6297743 523,545 987,000 1 1 987,000
HIGHLANDS & LOWLANDS COM 6425856 536,196 759,000 1 1 759,000
KUALA LUMPUR KEPONG COM 6497446 1,565,353 969,000 1 1 969,000
BERHAD
MAGNUM CORP COM 6554006 972,085 2,618,000 1 1 2,618,000
------------
4,812,441
Common Stock Norway
- -------------------
SAGA PETROLEUM A.S COM 4768025 7,345,841 477,700 1 1 477,700
STOREBRAND ASA COM 485283 6,110,974 689,600 1 1 689,600
------------
Page Total 28,865,770
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
June 30, 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>
------------
13,456,816
Common Stock Peru
- -----------------
COMPANIA BUENAVENTURA OR COM 2202956 780,186 117,009 1 1 117,009
MINERA BUENAVENTURA B COM 2206282 261,947 40,000 1 1 40,000
------------
1,042,133
Common Stock Philippines
- ------------------------
AYALA CORP. COM 6087063 745,744 2,892,800 1 1 2,892,800
C&P HOMES COM 6174136 1,856,184 36,858,600 1 1 36,858,600
FILINVEST LAND COM 6341446 805,969 19,096,000 1 1 19,096,000
FORTUNE CEMENT COM 6349194 373,472 7,079,000 1 1 7,079,000
INTL CONTAINER TERMINAL COM 6455819 54,022 474,262 1 1 474,262
IONICS CIRCUITS COM 6459101 1,205,843 3,795,000 1 1 3,795,000
UNIVERSA ROBINA COM 6919519 754,623 7,404,200 1 1 7,404,200
------------
5,795,857
Common Stock Poland
- -------------------
ELEKTRIM (PLN) COM 4320102 1,833,593 150,442 1 1 150,442
------------
1,833,593
Common Stock Portugal
- ---------------------
PORTUGAL TELECOM ORDS COM 4676203 2,960,743 55,864 1 1 55,864
------------
Page Total 11,632,326
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
June 30, 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>
------------
2,960,743
Common Stock Sweden
- -------------------
CASTELLUM COM 5232808 8,802,465 746,800 1 1 746,800
S.E BANKEN COM 4813345 3,101,437 181,200 1 1 181,200
SWEDISH MATCH COM 5048566 8,344,338 2,511,157 1 1 2,511,157
------------
20,248,241
Common Stock Singapore
- ----------------------
CEREBOS PACIFIC COM 6186410 2,196,769 1,687,000 1 1 1,687,000
KEPPEL FELS COM 6853468 3,213,264 1,075,000 1 1 1,075,000
------------
5,410,032
Common Stock Thailand
- ---------------------
ADVANCED AGRO PLC COM 6009335 1,472,770 1,706,800 1 1 1,706,800
------------
1,472,770
Common Stock Turkey
- -------------------
AKBANK COM 4011127 948,223 29,372,880 1 1 29,372,880
ARCELIK COM 4051800 637,223 13,580,500 1 1 13,580,500
EREGLI DEMIR CELIK COM 4315197 1,091,088 7,004,000 1 1 7,004,000
PETROL OFISI COM 4688242 1,882,927 7,376,644 1 1 7,376,644
------------
4,559,462
Common Stock South Africa
- -------------------------
ANGLO AMERICAN CORP OF COM 603252 509,336 15,000 1 1 15,000
SOUTH AFRICA LTD
------------
Page Total 32,199,840
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
June 30, 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>
ANGLO AMERICAN GOLD INVT COM 6032643 1,057,246 28,000 1 1 28,000
ANGLO AMERICAN PLATINUM COM 6761000 219,014 20,000 1 1 20,000
ANGLOVAAL LTD COM 035134303 59,512 32,000 1 1 32,000
AVGOLD LTD. COM 6049933 61,969 100,000 1 1 100,000
AVMIN LTD. COM 6048082 445,669 750,000 1 1 750,000
BARNATO EXPLORATION LTD COM 6079479 189,728 150,000 1 1 150,000
BEATRIX MINES COM 6088828 123,090 50,000 1 1 50,000
BLYVOORUITZICHHT GOLD OR COM 6107303 273,344 700,000 1 1 700,000
CONSOLIDATED AFRICAN COM 6017190 57,207 261,200 1 1 261,200
MINES LTD.
CONSOLIDATED MINING CORP COM 6217495 47,293 647,800 1 1 647,800
DRIEFONTEIN COM 6280215 63,589 12,200 1 1 12,200
DRIEFONTEIN CONSOLIDATED COM 6280215 651,526 125,000 1 1 125,000
LTD.
DURBAN ROODEPOORT DEEP COM 6267780 173,480 78,600 1 1 78,600
LTD.
DURBAN ROODEPOORT DEEP COM 6288242 8,353 19,680 1 1 19,680
LTD. (OPTIONS)
DURBAN ROODEPOORT DEEP COM 6038113 47,232 21,400 1 1 21,400
WARRANTS
DURBAN ROODERPOORT OPT COM 247997109 17,997 42,400 1 1 42,400
EASTVAAL GOLD HLDG COM 6296405 813,939 887,800 1 1 887,800
EVANDER GOLD MINES LTD. COM 6301901 312,182 141,443 1 1 141,443
FREE STATES CONS MNG ORD COM 323999102 0 30,000 1 1 30,000
GENCOR LIMITED COM 6365811 288,946 186,000 1 1 186,000
GENCOR LIMITED COM 6014889 420,370 270,600 1 1 270,600
GOLD FIELDS LTD. COM 609708 212,223 50,000 1 1 50,000
GOLDFIELDS OF SOUTH COM 6376266 536,840 46,500 1 1 46,500
AFRICA
H.J. JOEL GOLD COM 6474568 389,812 800,000 1 1 800,000
H.J. JOEL MINING COMPANY COM 6474568 46,290 95,000 1 1 95,000
INC.
HARMONY GOLD MINING LTD. COM 6410562 207,979 50,000 1 1 50,000
JCI LTD COM 6476122 247,742 47,300 1 1 47,300
LIBERTY LIFE ASSOC COM 6515047 1,130,482 57,600 1 1 57,600
NEW WITS LTD. COM 6633626 145,280 79,600 1 1 79,600
PGM INVESTMENTS COM 666801 17,351 29,200 1 1 29,200
RANDFONTEIN ESTATES GOLD COM 6723420 162,366 75,900 1 1 75,900
MINING CO. WIT
------------
Page Total 8,428,050
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
June 30, 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>
RANDFONTEIN ESTATES ORD. COM 6723408 619,943 289,800 1 1 289,800
RANDGOLD & EXPLORATION COM 6734499 416,869 545,637 1 1 545,637
RUSTENBURG PLATINUM COM 6761000 784,072 71,600 1 1 71,600
SASOL LIMITED COM 677745 437,392 75,000 1 1 75,000
SOUTHVAAL HLDGS LTD COM 6831709 0 50,000 1 1 50,000
TARGET EXPLORATION COM 6874113 13,289 21,444 1 1 21,444
WESTERN AREAS GOLD MINING COM 6953807 208,064 64,500 1 1 64,500
CO. LTD.
WESTERN AREAS ORD COM S96528112 66,850 50,000 1 1 50,000
------------
11,483,866
Preferred Stock U.S.
- --------------------
FREEPORT-MCM COPR GOLD PRD 35671D865 1,670,625 99,000 1 1 99,000
------------
1,670,625
Preferred Stock South Africa
- ----------------------------
DURBAN ROODERPOORT 8% PD PRD 247992357 32,230 87,080 1 1 87,080
------------
32,230
Warrants, Rights U.S.
- ---------------------
ATNA RESOURCES LTD WAR 025994187 0 167,000 1 1 167,000
PANGEA GOLDFIELDS WAR 535993133 48,950 50,000 1 1 50,000
------------
48,950
Warrants, Rights Canada
- -----------------------
ARGOSY MINING CORP WAR 040997140 0 200,000 1 1 200,000
------------
Page Total 4,298,284
<PAGE>
Lexington Global Asset Managers, Inc.
FORM 13F
June 30, 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 391,012 500,000 1 1 500,000
GOLD
DAYTON MINING SPCL WARR WAR 505991190 64,602 100,000 1 1 100,000
GRAND COLOMBIA RESOURCES WAR 385991179 0 200,000 1 1 200,000
INTERNATIONAL PURSUITS WAR 46022DSP4 175,955 225,000 1 1 225,000
LOKI GOLD CORP SPL WTS WAR 396996191 1,356,642 525,000 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
------------
1,988,212
Warrants, Rights South Africa
- -----------------------------
ORYX GOLD HOLDINGS WAR 6664154 0 850,000 1 1 850,000
------------
GRAND TOTAL 1,585,657,007
============
------------
Page Total 1,988,212
</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).
