UNITED STATES SECURITIES AND EXCHANGE COMISSION
WASHINGTON, DC 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 9/30/99
Check here if Amendment [ ]; Amendment Number: 1
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Appaloosa Management L.P.
Address: 26 Main Street
Chatham, NJ 07928
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 Signing this Report on Behalf of Reporting Manager:
Name: Lawrence P. O'Friel
Title: Treasurer
Phone: 973-701-7000
Signature, Place and Date of Signing:
Lawrence P. O'Friel Chatham, New Jersey 11/11/99
Report Type (check only one):
[X ] 13F Holdings Report
[ ] 13F Notice
[ ] 13F Combination Report
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQIURED BY THE SECURITIES EXCHANGE ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 25
Form 13F Information Table Value Total: 409,213,153
<PAGE>
<TABLE> <C> <C>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
Name of Issuer Title of Class CUSIP (x$1000) PRN AMT PRN CA
- -------------------------- --------------- ----- -------
Abraxas Pete Corp COM 003830106 1,040 489,500 x 489,500
Arch Chemicals Inc. COM 03937R102 2,828 174,700 x 174,700
Columbia HCA Healthcare Corp. COM 197677107 2,119 100,000 x 100,000
Corporate Express COM 219888104 43,664 4,657,500 x 4,657,500
Grand Union Co. COM 386532402 28,872 2,365,300 x 2,365,300
Great Atlantic & Pacific COM 390064103 3,031 100,000 x 100,000
Healthsouth Corp. COM 421924101 1,225 200,000 x 200,000
Korea Telecom Corp. SP ADR SPONSORED ADR 50063P103 38,765 1,047,700 x 1,047,700
Mentor Corp. COM 587188103 11,055 389,600 x 389,600
Mesabi Trust UBI CFT BEN IN 590672101 1,454 528,900 x 528,900
Newcourt Cr Group Inc. COM 650905102 71,844 5,500,000 x 5,500,000
Noble Affiliates Inc. COM 654894104 11,922 411,100 x 411,100
Ocean Energy Inc. COM NEW 67481E106 18,134 1,780,000 x 1,780,000
Paragon Trade Brands Inc. COM 69912k107 117 555,000 x 555,000
Pepsi Bottling Group Inc. COM 713409100 17,063 1,000,000 x 1,000,000
Quorum Health Group Inc. COM 749084109 700 100,000 x 100,000
Snyder Communications Inc. COM 832914105 12,234 805,500 x 805,500
Sun Healthcare Group Inc. Conv
6% 3/1/04 144A SD CV 144A 6%04 866933AA2 31 6,277,000 x 6,277,000
Tenet Healthcare Corp. COM 88033G100 25,905 1,475,000 x 1,475,000
U.S. Office Products Co. COM NEW 912325305 3,108 896,000 x 896,000
Unilab Corp. COM 904763109 143 25,100 x 25,100
Ventas Inc. COM 92276F100 10,748 2,262,800 x 2,262,800
Vitro SA ADR SPONS ADR 928502301 5,750 1,394,000 x 1,394,000
Waste Management Inc. COM 94106L109 97,463 5,063,000 x 5,063,000
</TABLE>
