UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
REPORT FOR THE QUARTER ENDED: JUNE 30, 1999
INSTITUTIONAL INVESTMENT MANAGER FILING THIS REPORT:
NAME: PACIFIC INCOME ADVISERS
ADDRESS: 1299 OCEAN AVENUE
SECOND FLOOR
ATTN: JOHN GRAVES
13F FILE NUMBER: 28-
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: ROBERT V. CORNISH, JR.
TITLE: CHIEF LEGAL & COMPLIANCE OFFICER
PHONE: (310) 393-1424
SIGNATURE, PLACE, AND DATE OF SIGNING:
ROBERT V. CORNISH, JR. SANTA MONICA, CA AUG 12, 1999
REPORT TYPE (CHECK ONLY ONE.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
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: 135
FORM 13F INFORMATION TABLE VALUE TOTAL: $1,079,961,414
<PAGE>
<TABLE>
FORM 13F INFORMATION TABLE
<C>
NAME OF ISSUER
- --------------
AAR CORP
AARON RENTS INC
AIR PRODS & CHEMS INC
ALBERTO-CULVER CO CL B
ALBERTSON'S INC
ALLSTATE CORP
AMERICAN INTL GROUP INC
AMERITECH CORP (NEW)
ANWORTH MORTGAGE ASSET CORP
APACHE CORP
AT&T CORPORATION
ATMEL CORP
AUTODESK INC
AVNET INC
BANK OF AMERICA CORP
BANK ONE CORP
BANK UTD CORP CL A
BANKBOSTON CORPORATION
BANTA CORP
BELL ATLANTIC CORP
BERGEN BRUNSWIG CORP CL A
BOBE EVANS FARMS INC
BOEING CO
BORG-WARNER AUTOMOTIVE INC
BRISTOL MYERS SQUIBB CO
CALLAWAY GOLF COMPANY
CAPITAL RE CORP
CENTRAL PKG CORP
CHASE MANHATTAN CORP NEW
CIENA CORP
CIGNA CORP
CISCO SYS INC
CITIGROUP INC
CKE RESTAURANTS INCORPORATED
CNF TRANSPORTATION INC
COCA-COLA COMPANY
COEUR D'ALENE MINES SDCV 6.000
COHU INC
COLUMBIA/HCA HEALTHCARE CORP
COMPAQ COMPUTER CORP
COMPUTER ASSOC INTL INC
CONSECO INC
COUNTRYWIDE CREDIT INDS INC DEL
CRESCENT REAL EST EQUITIES CO
CSX CORP
DALLAS SEMICONDUCTOR CORP
DELL
DELTA AIRLINES INC DEL
DEVELOPERS DIVERSIFIED REALTY CO
DILLARDS INC - CLASS A
DUKE REALTY INV INC COM NEW
DU PONT (E.I.) DE NEMOURS
EASTMAN KODAK COMPANY
EMERSON ELECTRIC CO
EQUITABLE COMPANIES INC
FDX CORP
FELCOR LODGING TRUST INC
FIRST AMERICAN CORP TENN
FIRST UNION CORP
FLEET FINANCIAL GROUP INC NEW
FORT JAMES CORPORATION
FREMONT GENERAL CORP
FRONTIER INSURANCE GROUP INC NEW
GATX CORPORATION
GENCORP INC
GENERAL ELECTRIC CO
GILLETTE COMPANY
GOODRICH B F CO
GOODYEAR TIRE & RUBBER COMPANY
GTE CORP
HARTFORD LIFE INC CL 1
HOME DEPOT
ICN PHARMACEUTICALS INC NEW
INGERSOLL RAND CO
INTEL CORP
INTERNATIONAL BUSINESS MACHINES
INTERSTATE BAKERIES
JOHN NUVEEN CO CL A
KAUFMAN & BROAD HOME CORP
KENNAMETAL INC
KERR MCGEE CORP
KIMBERLEY CLARK CORP
KLM ROYAL DUTCH AIRLINES
LIFEPOINT HOSPITALS INC
LILLY ELI & COMPANY
LOCKHEED MARTIN CORP
LUCENT TECHNOLOGIES
MACERICH COMPANY (THE)
MASCOTECH INC
MATTEL INC
MAY DEPARTMENT STORES
MEDTRONIC INC
MERCK & CO INC
MERRILL LYNCH & CO INC
MICROSOFT CORP
MINNESOTA MINING & MFG CO
MORGAN STANLEY DEAN WITTER & CO
MYLAN LABORATORIES
PEOPLES HERITAGE FIN'L GROUP
PFIZER INC
PIER 1 IMPORTS INC
PITTSTON CO
PRAXAIR INC
PRECISION CASTPARTS CORP
PRENTISS PROPERTIES TRUST
REPUBLIC NY CORP
ROADWAY EXPRESS INC DEL
RYDER SYSTEM INC
SBC COMMUNICATIONS
SELECTIVE INSURANCE GROUP
SERVICE CORP INTL
SHARED MEDICAL SYSTEMS CORP
SIMON PPTY GROUP INC
SOTHEBY'S HOLDINGS - CLASS A
STANDARD & POORS DEPOSITORY RECEIPTS TRSBE
STEWART ENTERPRISES - CLASS A
SYMBOL TECHNOLOGIES INC
TEVA PARMACEUTICALS INS LTD ADR
TEXACO INC
THOMAS & BETTS CORP
THORNBURG MTG ASSET CORP $2.42 CVT PFD
3COM CORP
TRAVELERS PROP CASUALTY-CL A
TRIAD HOSPITALS INC
TUPPERWARE CORPORATION
UNITED HEALTHCARE CORP
US FREIGHTWAYS CORPORATION
WAL MART STORES INC
WARNACO GROUP INC
WARNER-LAMBERT CO
WASHINGTON FEDERAL INC
WASHINGTON MUTUAL INC
WITCO CORP
XEROX CORP
XL CAPITAL LTD CL A
<C>
TITLE OF CLASS
- --------------
COM
COM
COM
CL B
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
CL A
COM
COM
COM
CL A
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
CL A
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
CL A
COM
COM
COM
COM
COM
COM
CL A
COM
COM
COM
COM
ADR
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
CL A
COM
CL A
COM
ADR
COM
COM
PFD
COM
CL A
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
COM
CL A
<C>
CUSIP NO.
- ---------
000361105
002535201
009158106
013068101
013104104
020002101
026874107
030954101
037347101
037411105
001957109
049513104
052769106
053807103
060505104
06423A103
065412108
06605R106
066821109
077853109
083739102
096761101
097023105
099724106
110122108
131193104
140432105
154785109
16161A108
171779101
125509109
17275R102
172967101
12561E105
12612W104
191216100
192108AB4
192576106
197677107
204493100
204912109
208464107
222372104
225756105
126408103
235204104
247025109
247361108
251591103
254067101
264411505
263534109
277461109
291011104
29444G107
31304N107
31430F101
318900107
337358105
338915101
347471104
357288109
359081106
361448103
368682100
369604103
375766102
382388106
382550101
362320103
416592103
437076102
448924100
456866102
458140100
459200101
46072H108
478035108
486168107
489170100
492386107
494368103
482516101
53219L109
532457108
539830109
549463107
554382101
574670105
577081102
577778103
585055106
589331107
590188108
594918104
604059105
617446448
628530107
711147108
717081103
720279108
725701106
74005P104
740189105
740706106
760719104
769742107
783549108
78387G103
816300107
817565104
819486101
828806109
835898107
78462F103
860370105
870508107
881624209
881694103
884315102
885218206
885535104
893939108
89579K109
899896104
910581107
916906100
931142103
934390105
934488107
938824109
939322103
977385103
984121103
G98255105
<C>
VALUE
- --------------
6,137,707
8,224,901
23,233,697
5,701,300
3,952,000
278,000
525,000
301,000
247,000
9,343,370
23,007,412
210,000
6,753,693
24,858,567
2,135,000
19,414,738
6,198,002
4,860,000
824,460
235,000
5,110,253
1,343,908
25,772,192
6,834,475
528,017
5,700,627
3,055,808
5,852,895
415,000
320,000
32,346,099
490,000
410,000
24,687,512
5,411,825
279,000
10,800
6,401,914
4,559,000
23,638,525
33,153,169
21,357,963
18,842,474
11,951,271
20,600,052
10,411,139
296,000
22,447,856
4,799,005
1,653,596
14,614,376
4,110,000
203,000
20,828,204
898,000
326,000
5,390,186
751,242
17,396,182
22,358,913
15,264,616
7,581,887
5,936,550
5,702,381
5,679,279
486,000
246,000
818,125
4,364,000
18,806,923
859,629
296,000
31,790,733
20,538,305
26,451,628
32,607,080
4,324,912
7,108,395
5,870,089
12,092,498
311,162
4,392,000
4,780,397
140,000
279,000
17,581,260
445,000
6,148,686
4,903,735
805,955
24,624,228
428,000
588,000
24,041,514
469,000
3,415,000
4,308,695
3,861,252
5,422,222
305,000
7,016,310
5,085,049
999,059
8,685,237
4,984,644
557,091
4,866,013
5,221,625
11,563,112
4,322,976
26,652,349
34,943,967
11,798,412
8,562,349
959,000
3,812,432
6,071,604
212,170
11,611,922
5,683,844
1,078,000
268,000
2,732,000
140,000
6,112,285
22,131,920
8,916,534
376,000
5,535,663
3,248,000
5,491,912
3,617,715
5,339,128
4,490,000
733,256
<C>
SHARES
- ---------
270,547
369,675
634,938
214,130
76,645
7,740
4,475
4,100
50,000
239,585
454,475
8,000
228,448
590,567
29,127
377,656
154,230
95,065
39,260
3,600
296,240
67,618
648,103
124,270
7,500
389,780
190,225
170,895
4,800
10,600
401,633
76,000
8,625
1,642,587
140,575
4,500
20,000
180,980
199,825
1,102,144
669,577
775,677
496,477
562,258
498,541
205,144
8,000
429,091
284,380
47,090
719,744
60,160
3,000
372,427
13,400
6,000
259,767
18,075
412,762
564,605
465,375
401,710
386,101
149,810
224,920
4,300
6,000
19,250
74,200
289,192
16,335
4,600
1,077,613
356,046
489,649
278,357
192,734
166,520
235,980
441,792
6,200
77,055
195,890
10,393
3,900
519,836
6,596
234,235
289,485
30,850
666,659
5,500
7,992
340,518
5,200
39,280
41,981
145,710
288,214
2,800
623,712
190,113
20,415
204,355
210,980
8,170
251,130
202,800
231,242
226,760
1,521,289
583,251
509,101
224,585
71,000
261,775
164,649
4,330
315,217
120,300
44,100
10,025
69,825
10,393
274,300
392,221
192,535
7,800
206,945
46,984
244,781
101,720
270,325
76,015
12,978
<C>
VOTING AUTHORITY
SOLE
- ----------
270547
369675
564230
214130
69315
7740
4475
4100
50000
239585
403786
8000
228448
532304
29127
325953
154230
86470
39260
3600
296240
67618
573658
124270
7500
389780
190225
170895
4800
10600
356727
7600
8625
1514163
140575
4500
2000
180980
180515
977494
593021
687505
438599
500348
442487
205144
8000
381996
284380
47090
773374
54350
3000
329288
13400
6000
259767
18075
360438
501469
403020
401710
386101
149810
224920
4300
6000
19250
67070
249092
16335
4600
983883
316216
435535
247338
192734
166520
238980
388098
6200
69875
195890
9531
3900
460757
6596
234235
289485
30850
590684
5500
7992
300555
5200
34630
38241
142420
288214
2800
623712
190113
20415
204335
210980
8170
251130
202800
199364
226760
1355777
533523
453796
224585
71000
261775
164649
4330
280168
120300
44100
10025
59825
9531
239685
345086
192535
7800
206945
43094
244781
91715
270325
69190
12978
<C>
SHARED
- ------
<C>
NONE
- -------
0
0
70708
0
7330
0
0
0
0
0
50689
0
0
58263
0
54703
0
8595
0
0
0
0
74445
0
0
0
0
0
0
0
44906
0
0
128424
0
0
0
0
19310
124650
76556
88172
57878
61910
56054
0
0
47095
0
0
74631
5810
0
43139
0
0
0
0
52324
63136
62355
0
0
0
0
0
0
0
7130
40100
0
0
93730
39830
54114
31019
0
0
0
53694
0
7180
0
862
0
59079
0
0
0
0
75975
0
0
39963
0
4650
3740
3290
0
0
0
0
0
0
0
0
0
0
31878
0
165512
49728
55305
0
0
0
0
0
35049
0
0
0
10000
862
34615
47135
0
0
0
3890
0
0
0
6825
0
</TABLE>
