UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 1997
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: Sand Hill Advisors, Inc.
Address: 3000 Sand Hill Road
Building 3, Suite 150
Menlo Park, CA 94025
13F File Number: 28-5390
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 rquired items, statements,
schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Connie Robles
Titles: Manager, Corporate Administration
Phone: (650) 854-9150
Signature, Place, and Date of Signing:
Connie Robles Menlo Park, CA May 13, 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 Entry Total:
Form 13F Information Table Value Total:
List of Other Included Manager:
No. 13F File Number Name
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<TABLE>
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ASYST Technologies, Inc. COM 04648x107 1389 101050 SH SOLE 101050
Abbott Labs COM 002824100 2626 56100 SH SOLE 30700 25400
Airtouch COM 00949T100 2946 30490 SH SOLE 20000 10490
Albertson's COM 013104104 3073 56450 SH SOLE 26850 29600
American Home Products COM 026609107 349 5344 SH SOLE 5344
American Intl Grp COM 026874107 496 4116 SH SOLE 3691 425
Ameritech COM 030954101 5171 89730 SH SOLE 46740 42990
Amgen COM 031162100 5215 69650 SH SOLE 40590 29060
Apartment Investment & Mgmt Co COM 03748R101 5268 145315 SH SOLE 75625 69690
Applied Micro Circuits Corp COM 03822w109 953 22285 SH SOLE 22285
Aspect Development COM 045234101 1060 45583 SH SOLE 45583
Bank of New York COM 064057102 253 7040 SH SOLE 7040
BankAmerica Corp COM 06605F102 837 11848 SH SOLE 3943 7905
Becton, Dickinson COM 075887109 5927 154700 SH SOLE 83270 71430
Bell Atlantic COM 077853109 256 4948 SH SOLE 1680 3268
Biogen COM 090597105 297 2600 SH SOLE 2000 600
Bristol-Myers Squibb COM 110122108 205 3200 SH SOLE 3200
Broadcom Class B - Restricted COM 111320404 7967 129285 SH SOLE 129285
Broadcom Corporation COM 111320107 25777 418285 SH SOLE 418285
C-Cube Microsystems COM 125015107 964 48679 SH SOLE 48679
Cambridge Tech Partners Inc COM 132524109 920 66325 SH SOLE 35975 30350
Chemtrak COM 163877103 1 40116 SH SOLE 40116
Chevron COM 166751107 742 8362 SH SOLE 1000 7362
Cisco Systems COM 17275R102 2218 20243 SH SOLE 8040 12203
Coca Cola COM 191216100 284 4620 SH SOLE 1420 3200
Cygnus Corp COM 232560102 2784 371183 SH SOLE 371183
Dover Corp COM 260003108 4751 144518 SH SOLE 76920 67598
EMC Corp COM 268648102 6466 50615 SH SOLE 23660 26955
Enron COM 293561106 603 9380 SH SOLE 6876 2504
Exxon COM 302290101 846 11994 SH SOLE 1360 10634
Fedl Natl Mort Assn COM 313586109 838 12100 SH SOLE 3700 8400
Flextronics COM 339383101 1442 28274 SH SOLE 24082 4192
Fusion Medical COM 361128101 1118 212995 SH SOLE 212995
GATX COM 361448103 1019 30950 SH SOLE 13350 17600
GTE COM 362320103 709 11718 SH SOLE 8240 3478
General Electric COM 369604103 934 8440 SH SOLE 6490 1950
Gillette COM 375766102 260 4382 SH SOLE 3120 1262
HCR Manor Care COM 404134108 3291 144260 SH SOLE 75510 68750
Halliburton COM 406216101 272 7060 SH SOLE 4860 2200
Hewlett Packard COM 428236103 457 6738 SH SOLE 2292 4446
Host Marriott COM 441078102 147 13214 SH SOLE 13214
Hyperion Solutions Corporation COM 44914m104 469 32373 SH SOLE 32373
IBM COM 459200101 789 4452 SH SOLE 4452
Intel COM 458140100 7841 65958 SH SOLE 34025 31933
International Network Services COM 460053101 2443 34932 SH SOLE 34932
Johnson & Johnson COM 478160104 2583 27627 SH SOLE 16420 11207
Johnson Controls COM 478366107 5689 91200 SH SOLE 46860 44340
Leggett & Platt COM 524660107 3548 177400 SH SOLE 101565 75835
MBIA Inc COM 55262c100 4567 78750 SH SOLE 44970 33780
MGIC Investment Corp COM 552848103 3932 112150 SH SOLE 55200 56950
Manpower Inc COM 56418h100 3052 130550 SH SOLE 82515 48035
Marriott International COM 571900109 298 8873 SH SOLE 8873
Merck COM 589331107 1070 13360 SH SOLE 200 13160
Microsoft COM 594918104 412 4600 SH SOLE 1600 3000
Mobil COM 607059102 5433 61734 SH SOLE 34550 27184
Morgan Stanley, Dean Witter, D COM 617446448 234 2344 SH SOLE 2344
Nabors Industries COM 629568106 4585 252070 SH SOLE 137170 114900
Newell Rubbermaid COM 651229106 4790 100838 SH SOLE 54150 46688
NiSource Inc COM 629140104 243 9000 SH SOLE 9000
PeopleSoft Inc COM 712713106 1384 94600 SH SOLE 60600 34000
Pepsico COM 713448108 4530 115600 SH SOLE 64100 51500
Pfizer COM 717081103 1651 11900 SH SOLE 7100 4800
Physiometrix Inc COM 718928104 12 10000 SH SOLE 10000
Procter & Gamble COM 742718109 1264 12906 SH SOLE 3750 9156
Regions Financial COM 758940100 4560 131710 SH SOLE 70610 61100
SBC Communications COM 78387G103 393 8328 SH SOLE 3684 4644
Sangstat Med Corp COM 801003104 560 45243 SH SOLE 45243
Sara Lee COM 803111103 3906 157820 SH SOLE 83240 74580
Schering Plough COM 806605101 6509 117819 SH SOLE 46384 71435
Schlumberger COM 806857108 4990 82900 SH SOLE 44650 38250
Servicemaster COM 81760N109 3848 189429 SH SOLE 100978 88451
Sherwin Williams COM 824348106 5944 211350 SH SOLE 114900 96450
Standard and Poor's Deposit Re COM 78462F103 243 1891 SH SOLE 1891
State Street Corp COM 857477103 206 2500 SH SOLE 2500
Sun Microsystems COM 866810104 6285 50253 SH SOLE 25108 25145
Sungard Data Systems COM 867363103 6622 165559 SH SOLE 99359 66200
Vantive Corp COM 922091103 241 20000 SH SOLE 20000
Venator COM 922944103 71 10000 SH SOLE 10000
Versar Inc COM 925297103 24 10000 SH SOLE 10000
W W Grainger COM 384802104 3001 69700 SH SOLE 41775 27925
Walgreen COM 931422109 2950 104420 SH SOLE 55420 49000
Warner Lambert COM 934488107 564 8520 SH SOLE 8520
Whole Foods Market COM 966837106 4776 138930 SH SOLE 74155 64775
Yahoo! COM 984332106 1869 11099 SH SOLE 11099
MF 96 Partners LP PTN 8 10000 SH SOLE 10000
MFA Fund III LP PTN 10 25000 SH SOLE 25000
BP Amoco PLC (UK) FRGN 055622104 2878 28495 SH SOLE 16377 12118
Elan Corp PLC ADR (IRE) FRGN 284131208 3550 50903 SH SOLE 32503 18400
HSBC Holdings PLC ADR (HK) FRGN 404280307 1514 4827 SH SOLE 2785 2042
Hong Kong Telecom ADR (HK) FRGN 438579203 1504 76900 SH SOLE 45285 31615
Nortel Networks Corporation FRGN 656569100 1861 29958 SH SOLE 16408 13550
Panamerican Beverages FRGN p74823108 1634 93060 SH SOLE 51750 41310
Royal Dutch NY (NETH) FRGN 780257804 245 2012 SH SOLE 2012
Sony Corp ADR New (JPN) FRGN 835699307 4155 45500 SH SOLE 25500 20000
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