UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 1999
Check here if amendment [ ]; Amendment Number:
This Amendment (check only one.) [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Donald Smith & Co., Inc.
Address: East 80 Route 4, Suite 360
Paramus, New Jersey 07652
13F File Number: 10798
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: Donald Smith
Title: President
Phone: 201-368-9210
Signature, Place and Date of Signing:
Donald Smith Paramus, New Jersey July 26, 1999
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 REQUIRED 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: 77
Form 13F Information Table Value Total: $756,615,000
List of Other Included Managers:
No. 13f file number Name
<PAGE>
<TABLE> FORM 13F INFORMATION TABLE
<C> <C>
TITLE VALUE SHARES/ SH/PUINVSTMT OTHVOTING AUTHRTY
NAME OF ISSUER CLASSCUSIP (x$100PRN AMT PRNCADSCRETN MNG SOLE SHNON
ALLMERICA FINL CORP COM 019754100 6081 100000SH 100000 100000
AMER PACIFIC COM 028740108 3396 402500SH 402500 402500
AMERICAN NAT'L INS CO COM 028591105 10830 152000SH 152000 152000
AMPCO-PITT COM 032037103 6054 472500SH 472500 472500
ANDERSON'S COM 034164103 1564 122669SH 122669 122669
ANNALY MTG MGM COM 035710409 7031 625000SH 625000 625000
ARMCO STEEL COM 042170100 23181 3499000SH 3499000 3499000
ASARCO INC COM 043413103 35085 1865000SH 1865000 1865000
AUDIOVOX COM 050757103 9420 856400SH 856400 856400
BEI MEDICAL COM 05538P104 142 98500SH 98500 98500
BELL INDS COM 078107109 1909 430260SH 430260 430260
BOISE CASCADE CORP COM 097383103 6860 160000SH 160000 160000
BROWN & SHARPE COM 115223109 3463 636900SH 636900 636900
CNA FINL CORP COM 126117100 11247 279000SH 279000 279000
CASE CORP COM 14743R103 56542 1174900SH 1174900 1174900
CASTLE & COOKE COM 148433105 14872 843800SH 843800 843800
COAST FEDERAL LITIGATIOCOM 19034Q110 724 681600SH 681600 681600
COMMONWEALTH INDS COM 203004106 9800 784000SH 784000 784000
CORN PRODS INTL INC COM 219023108 10653 350000SH 350000 350000
CROWN CENT PETE CORP COM 228219309 2787 253400SH 253400 253400
CYPRUS AMAX MINERALS COCOM 232809103 35609 2335000SH 2335000 2335000
DELTA WOODSIDE COM 247909104 1763 300000SH 300000 300000
DELPHI AUTOMOTIVE COM 247126105 5405 292151SH 292151 292151
ESCO ELECTRS CORP COM 269030201 8495 663000SH 663000 663000
FOSTER L B CO COM 350060109 2090 355700SH 355700 355700
GENERAL MTRS CORP COM 370442105 30888 468000SH 468000 468000
GOLDEN STATE BANCORP LICOM 381197136 936 713000SH 713000 713000
GREAT ATLANTIC & PAC TECOM 390064103 3381 100000SH 100000 100000
GUARANTEE LIFE COM 400740106 3575 142300SH 142300 142300
GUILFORD MILLS COM 401794102 2874 277000SH 277000 277000
HOVNANIAN COM 442487203 5644 645000SH 645000 645000
INTERGRAPH CORP COM 458683109 12832 1655800SH 1655800 1655800
INTL ALUM COM 458884103 1119 40700SH 40700 40700
INTL RECTIFIERS COM 460254105 7988 600000SH 600000 600000
INTL SHIPHOLDING COM 460321201 4601 320100SH 320100 320100
KLM AIRLINES COM 482516101 19565 685000SH 685000 685000
KMART COM 482584109 20782 1259500SH 1259500 1259500
KMART - KM PrT PFD 498778208 4388 75000SH 75000 75000
LEHMAN BROS COM 524908100 3106 50000SH 50000 50000
LTV CORP COM 501921100 32182 4857600SH 4857600 4857600
MARITRANS INC COM 570363101 3373 599600SH 599600 599600
MARSH SUPERMKTS COM 571783208 2551 217100SH 217100 217100
McMORAN EXPLORATION COM 582411104 2109 95062SH 95062 95062
MDC HOLDINGS COM 552676108 9490 441400SH 441400 441400
MERCHANTS GROUP INC COM 588539106 2018 90200SH 90200 90200
MONARCH MACH TOOLS CO COM 609150107 1373 155800SH 155800 155800
NATIONAL STEEL CORP COM 637844309 22549 2692400SH 2692400 2692400
NORD RES CORP COM 655555100 547 972400SH 972400 972400
NORTHEAST UTILS COM 664397106 42900 2400000SH 2400000 2400000
OFFSHORE LOGISTICS COM 676255102 5145 462500SH 462500 462500
ORANGE CO INC NEW COM 684177108 2339 430100SH 430100 430100
OVERSEAS SHIPHOLDING COM 690368105 7203 554100SH 554100 554100
PERINI COM 713839108 1337 235000SH 235000 235000
PFF BANCORP COM 69331W104 7125 380000SH 380000 380000
POPE & TALBOT COM 732827100 8026 665400SH 665400 665400
PUBLIC SERVICE CO N MEXCOM 744499104 29049 1461600SH 1461600 1461600
PULTE HOMES CORP COM 745867101 9211 399400SH 399400 399400
RAILTEX COM 750766107 4856 350000SH 350000 350000
ROUGE INDS INC NEW COM 779099100 10761 1103700SH 1103700 1103700
RYERSON TULL INC NEW COM 78375P107 13842 613488SH 613488 613488
RYLAND GROUP INC COM 783764103 12638 425700SH 425700 425700
SILICON VALLEY GROUP COM 827066101 6162 366500SH 366500 366500
SPARTON CORP COM 847235108 2296 382700SH 382700 382700
STANDARD MICROSYSTEMS COM 853626109 4008 530000SH 530000 530000
STANDARD PAC CORP NEW COM 85375C101 4074 313400SH 313400 313400
STEWART & STEVENSON COM 860342104 16552 1085400SH 1085400 1085400
STEWART INFO SERVICES COM 860372101 3697 175000SH 175000 175000
TEEKAY SHIPPING COM V89564104 21529 1221500SH 1221500 1221500
3DFX INTERACTIVE COM 88553X103 1865 119375SH 119375 119375
U S HOME CORP NEW COM 911920106 18247 514000SH 514000 514000
ULTRAMAR DIAMOND SHAMROCOM 904000106 3517 161231SH 161231 161231
UNITED INDUSTRIAL COM 910671106 2591 235500SH 235500 235500
USEC INC COM 90333E108 12644 850000SH 850000 850000
VALERO ENERGY CORP COM 919134100 643 30000SH 30000 30000
WEIRTON STL CORP COM 948774104 1996 863100SH 863100 863100
WHX CORP COM 929248102 5447 830000SH 830000 830000
YELLOW CORP COM 985509108 19924 1122500SH 1122500 1122500
ZAPATA COM 989070503 4117 484400SH 484400 484400
756615
</TABLE>
