UNITED STATES SECURITIES AND EXCHANGE COMISSION
WASHINGTON, DC 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 3/31/99
Check here if Amendment [x ]; Amendment Number: 1
This Amendment (Check only one.): [ x] 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 5/7/99
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: 228,622,133
<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 CALL DSCRETN MANAGERS SOLE SHARED NONE
- -------------------------- --------------- ----- ------- -------- ---- ---- ------- ---------
------ ----
Abraxas Pete Corp COM 003830106 712 407,000 x 407,000
Apache Corp COM 037411105 22,096 847,800 x 847,800
Burlington Resources Inc. COM 122014103 9,661 241,900 x 241,900
Collagen Aesthetics Inc. COM 194194106 4,528 337,000 x 337,000
Columbia HCA Healthcare COM 197677107 2,367 125,000 x 125,000
Corporate Express COM 219888104 21,598 4,163,400 x 4,163,400
Great Atlantic & Pacific COM 390064103 2,187 72,900 x 72,900
Grand Union Co. COM 386532402 30,305 2,835,518 x 2,835,518
Laser Mortgage Mgmt. COM 51806D100 1,831 336,735 x 336,735
Mentor Corp. COM 587188103 7,344 500,000 x 500,000
Mesabi Trust UBI CFT BEN IN 590672101 1,587 528,900 x 528,900
Noble Affiliates Inc. COM 654894104 14,671 505,900 x 505,900
Ocean Energy Inc. COM NEW 674812201 15,747 2,311,500 x 2,311,500
Octel Corp. COM 675727101 1,763 143,900 x 143,900
Paragon Trade Brands Inc. COM 69912k107 2,495 998,100 x 998,100
Pepsico Inc. COM 713448108 34,407 878,000 x 878,000
Quorum Health Group Inc. COM 749084109 3,250 325,000 x 325,000
Telecelular Sul Part S A SPONS ADR PFD 879238103 1,339 70,000 x 70,000
Union Pacific Resources Grp. COM 907834105 7,719 650,000 x 650,000
U.S. Office Products Co. COM NEW 912325305 4,662 1,165,500 x 1,165,500
Ventas Inc. COM 92276F100 11,439 1,906,500 x 1,906,500
Vitro SA ADR SPONS ADR 928502301 8,103 1,394,000 x 1,394,000
Venator Group Inc. COM 922944103 12,536 1,775,000 x 1,775,000
Sun Healthcare Group In Conv 6% COM 866933AA2 314 6,277,000 x 6,277,000
</TABLE>
