FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2000
Check here if Amendment [ ]; Ammendment Number:
This Amendment (Check only one.): [ ] 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 May 15, 2000
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: 126
Form 13F Information Table Value Total: $855,094
List of Other Included Managers:
No. 13F File Number Name
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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
- ----------------------------------------------------------------------------------------------------------------------------------
AT&T CORP COM 001957109 164 2907 SH SOLE 2907 0 0
AT&T CORP COM LBRTY MED 001957208 83 1392 SH SOLE 1392 0 0
ABBOTT LABS COM 002824100 1077 30600 SH SOLE 30600 0 0
ACNIELSEN CORP COM 004833109 10062 447204 SH SOLE 332877 11500 102827
ALLERGAN INC COM 018490102 42 848 SH SOLE 848 0 0
ALZA CORP COM 022615108 79 2100 SH SOLE 0 0 2100
AMERICAN EXPRESS CO COM 025816109 477 3200 SH SOLE 3200 0 0
AMERICAN HOME PRODS CORP COM 026609107 430 8000 SH SOLE 8000 0 0
AMERICAN INTL GROUP INC COM 026874107 567 5182 SH SOLE 5182 0 0
AMERICAN TOWER CORP CL A 029912201 22517 456050 SH SOLE 365150 18450 72450
ANADARKO PETE CORP COM 032511107 62 1600 SH SOLE 1600 0 0
ANHEUSER BUSCH COS INC COM 035229103 2702 43400 SH SOLE 41600 0 1800
ANTIGENICS INC DEL COM 037032109 759 37237 SH SOLE 37237 0 0
ASSOCIATES FIRST CAP CORP CL A 046008108 8185 382822 SH SOLE 273122 25700 84000
AUTOMATIC DATA PROCESSING COM 053015103 579 12000 SH SOLE 12000 0 0
AVON PRODS INC COM 054303102 13754 470221 SH SOLE 366421 10000 93800
BANK AMER CORP COM 060505104 184 3510 SH SOLE 3510 0 0
BELLSOUTH CORP COM 079860102 141 3000 SH SOLE 3000 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 572 10 SH SOLE 10 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 2521 43460 SH SOLE 41460 0 2000
BURLINGTON NORTHN SANTA FE COM 12189T104 68 3000 SH SOLE 3000 0 0
CBS CORP COM 12490K107 52564 928193 SH SOLE 785716 15081 127396
CALIFORNIA WTR SVC GROUP COM 130788102 104 4570 SH SOLE 4570 0 0
CALPINE CORP COM 131347106 60509 643710 SH SOLE 521335 13800 108575
CEDAR FAIR L P DEPOSITARY UNI 150185106 119 6000 SH SOLE 6000 0 0
CHEVRON CORP COM 166751107 517 5592 SH SOLE 4592 0 1000
CISCO SYS INC COM 17275R102 132 1708 SH SOLE 1708 0 0
COCA COLA CO COM 191216100 1119 23830 SH SOLE 17830 0 6000
CONVERGYS CORP COM 212485106 34656 895800 SH SOLE 674300 19200 202300
CORNERSTONE PPTYS INC CDT-COM 21922H103 9 500 SH SOLE 500 0 0
COUSINS PPTYS INC COM 222795106 16 437 SH SOLE 437 0 0
CRESCENT R E EQUITIES INC COM 225756105 11348 648460 SH SOLE 495460 24000 129000
DISNEY WALT CO DISNEY COM 254687106 5453 132197 SH SOLE 101597 0 30600
DORCHESTER HUGOTON LTD ADR 258205202 10 1000 SH SOLE 0 0 1000
DOW CHEM CO COM 260543103 140 1227 SH SOLE 1227 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 296 5600 SH SOLE 5600 0 0
ECHOSTAR COMMUN CORP NEW CL A 278762109 21254 269044 SH SOLE 193844 0 75200
ELAN CORP ADR 284131208 5130 108000 SH SOLE 61700 17400 28900
EMERSON ELEC CO COM 291011104 58 1100 SH SOLE 1100 0 0
EXXON MOBIL CORP COM 30231G102 2442 31333 SH SOLE 29385 0 1948
FEDERAL NATL MTG ASSN COM 313586109 34 600 SH SOLE 600 0 0
FLEETBOSTON FINL CORP COM 339030108 173 4737 SH SOLE 4737 0 0
FOREST LABS INC COM 345838106 23552 278717 SH SOLE 194651 8000 76066
GATX CORP COM 361448103 10787 283864 SH SOLE 191014 12200 80650
GTE CORP COM 362320103 78 1097 SH SOLE 1097 0 0
GENERAL ELEC CO COM 369604103 6849 44010 SH SOLE 42946 0 1064
GENERAL MLS INC COM 370334104 376 10400 SH SOLE 10400 0 0
GENERAL MTRS CORP COM 370442105 93 1120 SH SOLE 300 0 820
GENTA INC COM NEW 37245M207 4 490 SH SOLE 490 0 0
GOLDEN WEST FINL CORP DEL COM 381317106 112 3600 SH SOLE 3600 0 0
HALLIBURTON CO COM 406216101 82 2000 SH SOLE 2000 0 0
HEALTH CARE PPTY INVS INC COM 421915109 2038 80100 SH SOLE 78700 0 1400
HEWLETT PACKARD CO COM 428236103 494 3726 SH SOLE 3726 0 0
INGERSOLL RAND CO COM 456866102 775 17525 SH SOLE 17525 0 0
INTEL CORP COM 458140100 296 2240 SH SOLE 2240 0 0
IT GROUP INC COM 465266104 8480 1121671 SH SOLE 794236 40430 287005
JOHNSON & JOHNSON COM 478160104 2147 30562 SH SOLE 30562 0 0
KIMBERLY CLARK CORP COM 494368103 2669 47600 SH SOLE 47100 0 500
KINDER MORGAN EGY PTNS L P UT LTD PT INT 494550106 12855 323902 SH SOLE 254928 0 68974
KINDER MORGAN INC KANS COM 49455P101 9470 274500 SH SOLE 192300 24000 58200
LILLY ELI & CO COM 532457108 9998 159649 SH SOLE 137849 0 21800
LOEWS CORP COM 540424108 218 4360 SH SOLE 4360 0 0
MCI WORLDCOM INC COM 55268B106 502 11082 SH SOLE 7782 0 3300
MANOR CARE INC NEW COM 564055101 25652 1900122 SH SOLE 1416172 32700 451250
MANUFACTURED HOME CMNTYS INC COM 564682102 5476 236809 SH SOLE 198659 0 38150
MATTEL INC COM 577081102 137 13035 SH SOLE 13035 0 0
MAY DEPT STORES CO COM 577778103 173 6060 SH SOLE 6060 0 0
MCDONALDS CORP COM 580135101 321 8600 SH SOLE 8600 0 0
MERCK & CO INC COM 589331107 2440 39280 SH SOLE 39280 0 0
MICROSOFT CORP COM 594918104 1389 13076 SH SOLE 5560 0 7516
MINNESOTA MNG & MFG CO COM 604059105 571 6448 SH SOLE 6448 0 0
MONSANTO CO COM 611662107 103 2000 SH SOLE 2000 0 0
MORGAN J P & CO INC COM 616880100 114 864 SH SOLE 864 0 0
MOTOROLA INC COM 620076109 100 688 SH SOLE 688 0 0
NTL INC COM 629407107 40571 437129 SH SOLE 323620 15563 97946
NETWORKS ASSOCS INC COM 640938106 21 640 SH SOLE 640 0 0
NEWHALL LD & FARMING CO COM 651426108 8156 288697 SH SOLE 192497 0 96200
NEWPARK RES INC COM PAR$0.01NE 651718504 8030 1003690 SH SOLE 812090 47700 143900
NORTHPOINT COMMUNICATIONS GR COM 666610100 7 300 SH SOLE 300 0 0
NOVEL INC COM 670006105 11 400 SH OTHER 0 0 400
OHM CORP SBDBCV08.000 0 670839AA7 199215 2330000 SH SOLE 2233000 0 97000
OWENS ILL INC COM NEW 690768403 9107 539500 SH SOLE 434350 31500 73650
PIMCO ADVISORS HLDGS L P UNIT L P INT 69338P102 128 3340 SH SOLE 3340 0 0
PALATIN TECHNOLOGIES INC COM NEW 696077304 67 12500 SH SOLE 12500 0 0
PEGASUS COMMUNICATIONS CORP CL A 705904100 32992 234400 SH SOLE 194850 13000 26550
PEPSICO INC COM 713448108 623 17866 SH SOLE 16800 0 1066
PHARMACYCLICS INC COM 716933106 56 1000 SH SOLE 1000 0 0
PHILIP MORRIS COS INC COM 718154107 108 5130 SH SOLE 5130 0 0
PHILLIPS VAN HEUSEN CORP COM 718592108 92 12000 SH SOLE 12000 0 0
PLAYTEX PRODS INC COM 72813P100 5477 421333 SH SOLE 311233 20000 90100
PREMIER PKS INC COM NEW 740540208 14124 672550 SH SOLE 497200 25400 149950
PRIMEDIA INC COM 74157K101 19787 618329 SH SOLE 453696 28500 136133
PROCTER & GAMBLE CO COM 742718109 6884 121844 SH SOLE 92844 0 29000
QUANTUM CORP CV 07.000 0 747906AC9 2677 3325000 SH SOLE 3140000 0 185000
ROBERT HALF INTL INC COM 770323103 56 1173 SH SOLE 1173 0 0
ROCKWELL INTL CORP NEW COM 773903109 3978 95150 SH SOLE 66900 9800 18450
ROYAL DUTCH PETE CO NY REG SHS 1.2 780257804 1447 25026 SH SOLE 21950 0 3076
SBC COMMUNICATIONS INC COM 78387G103 44 1052 SH SOLE 1052 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 3999 402353 SH SOLE 285303 32400 84650
SANTA FE SNYDER CORP COM 80218K105 8039 846219 SH SOLE 611988 15785 218446
SARA LEE CORP COM 803111103 65 3600 SH SOLE 3600 0 0
SCHLUMBERGER LTD COM 806857108 1510 19742 SH SOLE 15842 0 3900
SERVICEMASTER CO COM 81760N109 13917 1237048 SH SOLE 1000153 0 236895
SHURGARD STORAGE CTRS INC CL A 82567D104 51 1950 SH SOLE 1950 0 0
SKYEPHARMA PLC ADR SPONSORED 830808101 4 232 SH SOLE 232 0 0
SPRINT CORP COM 852061100 62 978 SH SOLE 978 0 0
SPRINT CORP PCS GROUP COM 852061506 32 488 SH SOLE 488 0 0
SUNGLASS HUT INTL INC COM 86736F106 5 700 SH SOLE 0 0 700
TANGER FACTORY OUTLET CTRS COM 875465106 1376 71724 SH SOLE 37449 0 34275
TITAN PHARMACEUTCLS INC DEL COM 888314101 6 6102 SH SOLE 6102 0 0
TORCHMARK CORP COM 891027104 7302 315750 SH SOLE 229600 10500 75650
TRIBUNE CO NEW COM 896047107 313 8560 SH SOLE 8560 0 0
UNION PAC CORP COM 907818108 152 3885 SH SOLE 3885 0 0
U S WEST INC NEW COM 91273H101 51 700 SH SOLE 700 0 0
UNIVERSAL ELECTRS INC COM 913483103 15529 640360 SH SOLE 474460 29700 136200
VALUEVISION INTL INC CL A 92047K107 19879 480400 SH SOLE 387050 15900 77450
VERIO INC COM 923433106 23 500 SH SOLE 500 0 0
VOYAGER NET INC COM 92906W101 980 71550 SH SOLE 71550 0 0
WALGREEN CO COM 931422109 309 12000 SH SOLE 12000 0 0
WELLS FARGO & CO NEW COM 949746101 203 4970 SH SOLE 4970 0 0
WESTAMERICA BANCORPORATION COM 957090103 132 4740 SH SOLE 4740 0 0
WESTWOOD ONE INC COM 961815107 12721 350920 SH SOLE 242986 0 107934
CORECOMM LTD COM G2422R109 11039 250875 SH SOLE 197252 12432 41191
TRANSOCEAN SEDCO FOREX INC COM G90078109 196 3811 SH SOLE 3059 0 752
XL CAPITAL LTD CL A G98255105 14082 254300 SH SOLE 201200 0 53100
SBS BROADCASTING ORD L8137F102 0 1 SH SOLE 1 0 0
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