FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 1999
Check here if Amendment [ X ]; Ammendment Number: 1
This Amendment (Check only one.): [ X ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manger Filing this Report:
Name: Osterweis Capital Management, Inc.
Address: One Maritime Plaza
Suite 800
San Francisco, CA 94111
13F File Number: 28-801-18395
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 ths Report on Behalf of Reporting Manager:
Name: Pamela S. Nichter
Title: Compliance Officer
Phone: 415-434-4441
Signature, Place, and Data of Signing
Pamela S. Nichter San Francisco, CA November 17, 1999
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
List of Other Mangers Reporting for this Manager:
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 Entry Total: 159
Form 13F Information Table Value Total: $522,384
List of Other Included Managers:
No. 13F File Number Name
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<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
- ----------------------------------------------------------------------------------------------------------------------------------
AT&T CORP COM 001957109 126 2907 SH SOLE 1500 603 804
AT&T CORP COM LBRTY MED 001957208 59 1592 SH SOLE 0 1592 0
ABBOTT LABS COM 002824100 1123 30600 SH SOLE 7600 23000 0
ACME COMMUNICATIONS INC COM 004631107 0 1000 SH SOLE 0 1000 0
ACNIELSEN CORP COM 004833109 10463 461164 SH SOLE 251442 99411 110311
ALBERTSONS INC COM 013104104 79 2000 SH SOLE 2000 0 0
ALLSTATE CORP COM 020002101 319 12780 SH SOLE 0 5562 7218
ALZA CORP COM 022615108 90 2100 SH SOLE 0 0 2100
ALZA CORP WT 12-31-199 022615157 0 80 SH SOLE 0 80 0
AMERICAN EXPRESS CO COM 025816109 432 3200 SH SOLE 3200 0 0
AMERICAN HOME PRODS CORP COM 026609107 328 7912 SH SOLE 6512 1400 0
AMERICAN INTL GROUP INC COM 026874107 440 5062 SH SOLE 0 5062 0
ANADARKO PETE CORP COM 032511107 98 3200 SH SOLE 3200 0 0
ANHEUSER BUSCH COS INC COM 035229103 3503 50000 SH SOLE 29200 19000 1800
ASSOCIATES FIRST CAP CORP CL A 046008108 14103 391752 SH SOLE 216952 84100 90700
AUTOMATIC DATA PROCESSING COM 053015103 1020 22867 SH SOLE 0 22867 0
AVAX TECHNOLOGIES INC COM PAR $0.004 053495305 13 4302 SH SOLE 4302 0 0
AVON PRODS INC COM 054303102 12258 494021 SH SOLE 276241 121280 96500
BAKER HUGHES INC COM 057224107 37 1261 SH SOLE 1261 0 0
BANK AMER CORP COM 060505104 195 3510 SH SOLE 0 3510 0
BAXTER INTL INC COM 071813109 66 1100 SH SOLE 1100 0 0
BELLSOUTH CORP COM 079860102 135 3000 SH SOLE 1200 1800 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 550 10 SH SOLE 0 10 0
BRISTOL MYERS SQUIBB CO COM 110122108 2954 43770 SH SOLE 28608 13162 2000
BURLINGTON NORTHN SANTA FE COM 12189T104 83 3000 SH SOLE 3000 0 0
CBS CORP COM 12490K107 53914 1165710 SH SOLE 761397 260192 144121
CALIFORNIA WTR SVC GROUP COM 130788102 125 4570 SH SOLE 0 4570 0
CALPINE CORP COM 131347106 64625 759730 SH SOLE 447980 172050 139700
CARDINAL HEALTH INC COM 14149Y108 0 182 SH SOLE 182 0 0
CEDAR FAIR L P DEPOSITARY UNI 150185106 125 6000 SH SOLE 6000 0 0
CELGENE CORP COM 151020104 19 700 SH SOLE 0 0 0
CHEVRON CORP COM 166751107 496 5592 SH SOLE 2560 2032 1000
CISCO SYS INC COM 17275R102 59 854 SH SOLE 854 0 0
COCA COLA CO COM 191216100 1194 24740 SH SOLE 6960 11780 6000
COINSTAR INC COM 19259P300 0 333 SH SOLE 333 0 0
COMSAT CORP COM SER 1 20564D107 12 406 SH SOLE 0 406 0
CONVERGYS CORP COM 212485106 18304 923850 SH SOLE 498750 220100 205000
CORNERSTONE PPTYS INC CDT-COM 21922H103 8 500 SH SOLE 500 0 0
CRESCENT R E EQUITIES INC COM 225756105 8828 490462 SH SOLE 272500 98962 119000
CROWN CORK & SEAL INC COM 228255105 228 8300 SH SOLE 8300 0 0
CURRENT INCOME SHS INC COM 231298100 86 8200 SH SOLE 8200 0 0
DISCOVERY LABORATORIES INC N COM 254668106 39 7783 SH SOLE 7783 0 0
DISNEY WALT CO COM 254687106 3526 135597 SH SOLE 79368 25629 30600
DORCHESTER HUGOTON LTD ADR 258205202 9 700 SH SOLE 0 0 700
DOW CHEM CO COM 260543103 139 1227 SH SOLE 1227 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 366 6050 SH SOLE 6050 0 0
EASTMAN KODAK CO COM 277461109 10184 134662 SH SOLE 73325 26200 35137
ECHELON CORP COM 27874N105 76 10000 SH SOLE 10000 0 0
ECHOSTAR COMMUN CORP NEW CL A 278762109 7762 85475 SH SOLE 36375 30800 18300
ELAN CORP ADR 284131208 1494 44500 SH SOLE 12700 4300 27500
EMERSON ELEC CO COM 291011104 70 1100 SH SOLE 0 1100 0
ENDOREX CORP COM NEW 29264N307 24 11352 SH SOLE 11352 0 0
EXXON CORP COM 302290101 2429 31966 SH SOLE 24326 2668 4972
FASHIONMALL COM INC COM 31186K106 37 6800 SH SOLE 6800 0 0
FEDERAL NATL MTG ASSN COM 313586109 38 600 SH SOLE 600 0 0
FORD MTR CO DEL COM 345370100 197 3918 SH SOLE 3918 0 0
FOREST LABS INC COM 345838106 12575 298517 SH SOLE 165951 52300 80266
FOUNDATION HEALTH SYS INC COM 350404109 55 5000 SH SOLE 5000 0 0
FRANKLIN RES INC COM 354613101 122 4000 SH SOLE 4000 0 0
GATX CORP COM 361448103 11429 367950 SH SOLE 204850 77550 85550
GTE CORP COM 362320103 84 1097 SH SOLE 197 900 0
GENERAL ELEC CO COM 369604103 5311 44795 SH SOLE 32501 11230 1064
GENERAL MLS INC COM 370334104 429 5289 SH SOLE 5289 0 0
GENERAL MTRS CORP COM 370442105 52 820 SH SOLE 0 0 820
GENERAL MTRS CORP CL H NEW 370442832 9 248 SH SOLE 248 0 0
GOLDEN WEST FINL CORP DEL COM 381317106 118 1200 SH SOLE 1200 0 0
HAIN FOOD GROUP INC COM 405219106 50 2125 SH SOLE 2125 0 0
HALLIBURTON CO COM 406216101 82 2000 SH SOLE 2000 0 0
HEWLETT PACKARD CO COM 428236103 369 4068 SH SOLE 0 4068 0
INGERSOLL RAND CO COM 456866102 1251 22776 SH SOLE 22776 0 0
INNKEEPERS USA TR COM 4576J0104 1 126 SH SOLE 0 126 0
INTEL CORP COM 458140100 167 2240 SH SOLE 0 2240 0
INTERNATIONAL BUSINESS MACHS COM 459200101 876 7240 SH SOLE 2200 5040 0
IT GROUP INC COM 465266104 9897 1034998 SH SOLE 579350 192936 262712
JOHNSON & JOHNSON COM 478160104 3157 34362 SH SOLE 14762 19600 0
KIMBERLY CLARK CORP COM 494368103 2511 47600 SH SOLE 22650 24450 500
KINDER MORGAN EGY PTNS L P UT LTD PT INT 494550106 14707 339565 SH SOLE 177406 91268 70891
LENNOX INTL INC COM 526107107 1426 92000 SH SOLE 27200 11600 53200
LILLY ELI & CO COM 532457108 10247 159649 SH SOLE 122422 15427 21800
LINEAR TECHNOLOGY CORP COM 535678106 99 1568 SH SOLE 0 0 1568
LOEWS CORP COM 540424108 341 4860 SH SOLE 4860 0 0
MCI WORLDCOM INC COM 55268B106 521 7250 SH SOLE 3950 1100 2200
MGM GRAND INC COM 552953101 6200 121278 SH SOLE 73835 14433 33010
MANOR CARE INC NEW COM 564055101 17624 1018000 SH SOLE 570750 223450 223800
MANUFACTURED HOME CMNTYS INC COM 564682102 5776 247099 SH SOLE 131289 66660 49150
MARKETWATCH COM INC COM 570619106 452 4800 SH SOLE 0 4800 0
MATTEL INC COM 577081102 335 17633 SH SOLE 4598 13035 0
MAXIM INTEGRATED PRODS INC COM 57772K101 145 2920 SH SOLE 2920 0 0
MAY DEPT STORES CO COM 577778103 221 6060 SH SOLE 6060 0 0
MCDONALDS CORP COM 580135101 395 9134 SH SOLE 7000 2134 0
MCKESSON HBOC INC COM 58155Q103 70 2400 SH SOLE 0 2400 0
MERCK & CO INC COM 589331107 2792 43080 SH SOLE 33540 4134 5406
MICROSOFT CORP COM 594918104 1184 13076 SH SOLE 0 1160 11916
MINNESOTA MNG & MFG CO COM 604059105 523 5448 SH SOLE 2248 3200 0
MOBIL CORP COM 607059102 66 660 SH SOLE 300 360 0
MONSANTO CO COM 611662107 93 2600 SH SOLE 0 2600 0
MORGAN J P & CO INC COM 616880100 99 864 SH SOLE 864 0 0
MOTOROLA INC COM 620076109 61 688 SH SOLE 688 0 0
NTL INC COM 629407107 27162 282659 SH SOLE 165454 54597 62607
NETWORKS ASSOCS INC COM 640938106 12 640 SH SOLE 0 640 0
NEWHALL LD & FARMING CO COM 651426108 7461 302997 SH SOLE 111697 91600 99700
NEWPARK RES INC COM PAR$0.01NE 651718504 8337 1075700 SH SOLE 633500 301600 140600
NOBLE DRILLING CORP COM 655042109 109 5000 SH SOLE 5000 0 0
NORTHPOINT COMMUNICATIONS GR COM 666610100 6 300 SH SOLE 0 300 0
NOVELL INC COM 670006105 8 400 SH SOLE 0 0 0
OHM CORP SBDBCV08.000 0 670839AA7 2025 2250000 SH SOLE 1869000 288000 93000
OWENS ILL INC COM NEW 690768403 5686 287000 SH SOLE 188250 38450 60300
PIMCO ADVISORS HLDGS L P UNIT L P INT 69338P102 121 3849 SH SOLE 0 3849 0
PALATIN TECHNOLOGIES INC COM NEW 696077304 35 11300 SH SOLE 11300 0 0
PAXAR CORP COM 704227107 0 800 SH SOLE 800 0 0
PEGASUS COMMUNICATIONS CORP CL A 705904100 11173 247600 SH SOLE 179100 42250 26250
PEPSICO INC COM 713448108 545 17866 SH SOLE 0 16800 1066
PHARMACYCLICS INC COM 716933106 41 1000 SH SOLE 0 1000 0
PHILIP MORRIS COS INC COM 718154107 381 11130 SH SOLE 0 2865 8265
PHILLIPS VAN HEUSEN CORP COM 718592108 107 12000 SH SOLE 12000 0 0
PIONEER NAT RES CO COM 723787107 45 4200 SH SOLE 200 0 4000
PLAYTEX PRODS INC COM 72813P100 6284 426033 SH SOLE 239933 92500 93600
PRIMEDIA INC COM 74157K101 7259 518479 SH SOLE 246646 135300 136533
PROCEPT INC COM PAR $0.01 742683402 59 44835 SH SOLE 44835 0 0
PROCTER & GAMBLE CO COM 742718109 11704 124844 SH SOLE 76665 16579 31600
ROBERT HALF INTL INC COM 770323103 33 1400 SH SOLE 271 992 137
ROYAL DUTCH PETE CO NY REG SHS 1.2 780257804 1478 25026 SH SOLE 4800 16800 3426
SBC COMMUNICATIONS INC COM 78387G103 46 900 SH SOLE 900 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 3717 418853 SH SOLE 248753 85450 84650
SANTA FE SNYDER CORP COM 80218K105 8243 915929 SH SOLE 468922 209517 237490
SARA LEE CORP COM 803111103 49 2100 SH SOLE 0 2100 0
SCHLUMBERGER LTD COM 806857108 1266 20318 SH SOLE 5718 10700 3900
SCHWAB CHARLES CORP NEW COM 808513105 64 1300 SH SOLE 1300 0 0
SEARS ROEBUCK & CO COM 812387108 31 1003 SH SOLE 0 1003 0
SENSORMATIC ELECTRS CORP COM 817265101 5 714 SH SOLE 0 714 0
SERVICEMASTER CO COM 81760N109 20521 1277555 SH SOLE 691946 351371 234238
SKYEPHARMA PLC ADR SPONSORED 830808101 2 232 SH SOLE 232 0 0
SPRINT CORP COM 852061100 53 978 SH SOLE 0 978 0
SPRINT CORP PCS GROUP COM 852061506 18 244 SH SOLE 0 244 0
SUNBEAM CORP COM 867071102 2 300 SH SOLE 0 300 0
SUNGLASS HUT INTL INC COM 86736F106 5385 509865 SH SOLE 290265 85050 134550
SUPERGEN INC COM 868059106 1 37 SH SOLE 37 0 0
SUPERGEN INC WT EXP 08-12-0 868059122 0 19 SH SOLE 19 0 0
TCW/DW TERM TR 2002 SH BEN INT 87234T101 5 500 SH SOLE 0 500 0
TCW / DW TERM TR 2003 SH BEN INT 87234U108 5 500 SH SOLE 0 500 0
TCW / DW TERM TR 2000 SH BEN INT 87234V106 5 500 SH SOLE 0 500 0
TANGER FACTORY OUTLET CTRS COM 875465106 3344 146574 SH SOLE 63949 40300 42325
TEXAS PAC LD TR COM 882610108 23 500 SH SOLE 500 0 0
TITAN PHARMACEUTCLS INC DEL COM 888314101 25 25000 SH SOLE 25000 0 0
TORCHMARK CORP COM 891027104 9785 378150 SH SOLE 196000 88550 93600
TRIBUNE CO NEW COM 896047107 441 8860 SH SOLE 0 8860 0
UNION PAC CORP COM 907818108 187 3885 SH SOLE 2900 985 0
U S WEST INC NEW COM 91273H101 23 400 SH SOLE 0 400 0
UNIVERSAL ELECTRS INC COM 913483103 7665 331450 SH SOLE 210350 52150 68950
UNOVA INC COM 91529B106 7 501 SH SOLE 501 0 0
VALUEVISION INTL INC CL A 92047K107 10002 384700 SH SOLE 273400 56500 54800
VERIO INC COM 923433106 47 1500 SH SOLE 0 1500 0
WALGREEN CO COM 931422109 305 12000 SH SOLE 0 12000 0
WELLS FARGO & CO NEW COM 949746101 34 860 SH SOLE 0 860 0
WESTAMERICA BANCORPORATION COM 957090103 143 4740 SH SOLE 4740 0 0
WESTWOOD ONE INC COM 961815107 8116 179860 SH SOLE 77150 48393 54317
CORECOMM LTD COM G2422R109 5726 173837 SH SOLE 103916 39749 30172
LORAL SPACE & COMMUNICATIONS COM G56462107 7289 424100 SH SOLE 219200 96300 108600
SBS BROADCASTING ORD L8137F102 4924 127059 SH SOLE 83729 33740 9590
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INC TOTAL 522,384
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