UNITED STATES SECURITIES AND EXCHANGE COMISSION
WASHINGTON, DC 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 6/30/99
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 8/13/99
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.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 28
Form 13F Information Table Value Total: 369,519,039
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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
- -------------------------- --------------- ----- ------- ----
Abitibi-Consolidated COM 003924107 13,108 1,135,000 x 1,135,000
Abraxas Pete Corp COM 003830106 608 512,000 x 512,000
Arch Chemicals Inc COM 03937R102 4,801 197,500 x 197,500
Collagen Aesthetics COM 194194106 5,843 425,000 x 425,000
Corporate Express COM 219888104 20,475 2,925,000 x 2,925,000
Grand Union Co. COM 386532402 26,079 2,680,000 x 2,680,000
Great Atlantic & Pa COM 390064103 3,381 100,000 x 100,000
Korea Telecom SPONSORED ADR 50063P103 67,180 1,679,500 x 1,679,500
Laser Mortgage Mgmt. COM 51806D100 1,157 336,735 x 336,735
Lifepoint Hospitals Inc. COM 53219L109 529 39,300 x 39,300
Mentor Corp. COM 587188103 6,977 374,600 x 374,600
Mesabi Trust UBI CFT BEN IN 590672101 1,653 528,900 x 528,900
Newcourt Cr Group Inc. COM 650905102 80,796 6,245,100 x 6,245,100
Noble Affiliates Inc. COM 654894104 11,588 411,100 x 411,100
Ocean Energy Inc. COM NEW 674812201 16,363 1,700,000 x 1,700,000
Paragon Trade Brands Inc. COM 69912k107 537 780,900 x 780,900
Pepsico Inc. COM 713448108 19,537 505,000 x 505,000
Pepsi Bottling Group Inc. COM 713409100 24,975 1,080,000 x 1,080,000
St. John's Knits Inc COM 790289102 2,048 70,000 x 70,000
Sun Healthcare Group Inc.
Conv 6% 3/1/04 144A SD CV 144A 6%04 866933AA2 314 6,277,000 x 6,277,000
Telecelular Sul Part S A SPONS ADR PFD 879238103 1,410 65,000 x 65,000
Tenet Healthcare Corp. COM 88033G100 22,832 1,230,000 x 1,230,000
Triad Hospitals Inc. COM 89579K109 540 40,000 x 40,000
U.S. Office Products Co. COM NEW 912325305 5,397 1,004,000 x 1,004,000
Union Pacific Resources Grp. COM 907834105 2,855 175,000 x 175,000
Venator Group Inc. COM 922944103 9,498 910,000 x 910,000
Ventas Inc. COM 92276F100 11,894 2,212,800 x 2,212,800
Vitro SA ADR SPONS ADR 928502301 7,144 1,394,000 x 1,394,000
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