UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F COVER PAGE
Report for the Quarter Ended: March 31, 1999
Institutional Investment Manager Filing this Report:
Name: Halcyon/Alan B. Slifka Management Company, LLC
Address: 477 Madison Avenue
8th Floor
New York, NY 10021
13F File No.: 28-6072
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: James R. Pasquarelli
Title: Chief Financial Officer
Phone: 212-303-9414
Signature, Place, and Date of Signing:
James R. Pasquarelli New York, NY April 23, 1999
Report Type (Check only one):
[ X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
NONE
I AM SIGNING THIS REPORT AS REQUIRED 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 Vaule Total: $857,516
List of Other Included Managers:
NONE
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HALCYON / ALAN B. SLIFKA MGT. CO. (SEC USE ONLY)
13 F REPORT
"March 31, 1999"
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE SHARES/ INVSTMT DSCRETN MANAGERS VOTING AUTHORITY
(X$1000) PRN AMT (A) (B) (C) (A) (B) (C)
SOLE SHARED NONE SOLE SHARED NONE
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Astra/Cl.A ADRs STOCK 046298105 13,490 588,104 X X 588,104
Astra/Cl.A ORDs STOCK 000101008 62,304 2,716,248 X X 2,716,248
AMP Inc. STOCK 031897101 104,401 1,951,429 X X 1,951,429
Anacomp Inc - New STOCK 032371106 7,348 455,672 X X 455,672
Aeroquip Vickers Inc. STOCK 007869100 61,894 1,079,943 X X 1,079,943
American Stores Co. STOCK 030096101 5,645 171,057 X X 171,057
Ascend Communications Inc. STOCK 043491109 12,212 145,921 X X 145,921
Airtouch Comm. STOCK 00949T100 34,578 357,856 X X 357,856
Boole & Babbage Inc. STOCK 098586100 8,447 337,748 X X 337,748
Bonneville Pacific STOCK 098904105 1,009 210,296 X X 210,296
Bankers Trust Corp. STOCK 066365107 21,734 246,283 X X 246,283
Calif Coastal STOCK 500434303 416 64,018 X X 64,018
CFCF Inc. STOCK 125205104 8 500 X X 500
Cogeneration Corp of America STOCK 19238M105 1,292 147,676 X X 147,676
Camelot Music Hldngs Inc.Cl. A STOCK 13322Q106 3,832 174,174 X X 174,174
Capstar Broadcst STOCK 14067G105 9,364 408,221 X X 408,221
Carriage Services STOCK 143905107 2 100 X X 100
New Dimension Software STOCK M74295102 18,010 347,184 X X 347,184
Digicall Group Limited Australia STOCK H18926100 0 3,320,345 X X 3,320,345
Delta & Pine Land Co. STOCK 247357106 3,389 110,209 X X 110,209
Friendly Ice Cream Corporation STOCK 358497105 350 57,091 X X 57,091
Getchell Gold Corporation STOCK 374265106 29,761 1,136,454 X X 1,136,454
GTS Inc. STOCK 37936U104 10,192 191,800 X X 191,800
Irvine Apartment Communs. STOCK 463606103 28,401 863,902 X X 863,902
Jennifer Convertibles STOCK 476153101 121 48,384 X X 48,384
Lucasvarity, PLC ADS STOCK 549395101 17,813 383,892 X X 383,892
Lucasvarity ORDs STOCK 549395102 79,720 17,180,930 X X 17,180,930
Mirror Group, PLC STOCK 005962757 4,880 1,435,207 X X 1,435,207
Morton Intl STOCK 619335102 59,934 1,630,859 X X 1,630,859
Noma Inds Ltd.-Cl. A STOCK 655316305 3,153 514,374 X X 514,374
Norrell Corp. STOCK 656301108 212 16,220 X X 16,220
Pioneer Hi-Bred STOCK 723686101 2,455 65,241 X X 65,241
Pinkertons Inc. STOCK 723429106 1,162 40,061 X X 40,061
Platinum Technology Int'l STOCK 72764T101 9,004 353,079 X X 353,079
Quickturn Design Systems STOCK 74838E102 14,263 1,009,753 X X 1,009,753
Reltec Corp. STOCK 759527104 6,390 217,085 X X 217,085
Sunstrand Corp. STOCK 867323107 2,197 31,608 X X 31,608
Control Devices, Inc. STOCK 21238C103 204 12,691 X X 12,691
Snyder Oil Corp. STOCK 833482102 8,167 551,363 X X 551,363
Service Corp. Int'l. STOCK 817565104 1 100 X X 100
Stewart Enterprises STOCK 860370105 2 100 X X 100
TIG Holdings Inc STOCK 872469101 42,004 2,574,977 X X 2,574,977
US Filter Corp. STOCK 911843209 26,005 849,137 X X 849,137
VLSI Tech., Inc. STOCK 918270109 27,954 1,442,806 X X 1,442,806
Whittaker Corp. STOCK 966680407 3,400 154,967 X X 154,967
Excite Inc. STOCK 300904109 17,707 126,482 X X 126,482
XRC Corp. STOCK 983803107 0 30,665 X X 30,665
Xylan Corporation STOCK 984151100 59,703 1,621,823 X X 1,621,823
Astra/Cl.A ADRs-CALL APR 22 1/2 OPTION 0462989DX 222 1,772 X X 1,772
At Home - PUT MAY 160 OPTION 0459199QL 1,411 579 X X 579
AMP Inc. - CALL APR 55 OPTION 0318979DK 61 486 X X 486
Airtouch Comm. - CALL APR 85 OPTION 00949T9DQ 6,815 5,926 X X 5,926
Airtouch Comm.- CALL APR 90 OPTION 00949T9DR 145 200 X X 200
Airtouch Comm. - CALL APR 95 OPTION 00949T9DS 1,137 3,136 X X 3,136
Bankers Trust Corp.-CALL APR 80 OPTION 0663659DP 3,505 3,789 X X 3,789
Bankers Trust Corp.-CALL APR 85 OPTION 0663659DQ 319 750 X X 750
Bankers Trust Corp.-CALL JUL 80 OPTION 0663659GP 2,655 2,284 X X 2,284
Bankers Trust Corp.-CALL JUL 90 OPTION 0663659GR 991 3,964 X X 3,964
Bankers Trust Corp. - PUT JUL 60 OPTION 0663659SL 719 7,191 X X 7,191
Capstar Broadcst - CALL APR 20 OPTION 14067G9DD 246 856 X X 856
Capstar Broadcst - CALL APR 25 OPTION 14067G9DW 105 205 X X 205
Platinum - CALL MAY 25 OPTION 72764T9EE 829 4,419 X X 4,419
Excite - CALL APR 110 OPTION 3009049DB 4,255 1,340 X X 1,340
Excite - CALL APR 100 OPTION 3009049DT 325 80 X X 80
Excite - CALL APR 120 OPTION 3009049DD 1,200 500 X X 500
King World Prod. - CALL APR 30 OPTION 4956679DF 186 873 X X 873
Pioneer Hi-Bred - CALL APR 40 OPTION 7236869DH 11 435 X X 435
Pioneer Hi-Bred - CALL JUN 40 OPTION 7236869FH 11 432 X X 432
Ascend Comm. - CALL APR 75 OPTION 0434919DO 5,030 5,295 X X 5,295
Ascend Comm. - CALL APR 85 OPTION 0434919DQ 680 2,865 X X 2,865
Sunstrand Corp. - CALL APR 65 OPTION 8673239DM 93 200 X X 200
Sunstrand Corp. - CALL APR 70 OPTION 8673239DN 264 4,689 X X 4,689
Tele Com Inc. - PUT APR 35 OPTION 87924V9PG 2 323 X X 323
US Filter Corp. - CALL APR 30 OPTION 9118439DF 1,772 20,257 X X 20,257
US Filter Corp. - CALL MAY 30 OPTION 9118439EF 1 5 X X 5
Belle Casino Warrants WARRANT 078324118 - 4,500 X X 4,500
Golden Ocean Group Warrants WARRANT 381138R16 0 5,500 X X 5,500
_________
857,516
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