COLUMBIA PARTNERS L L C INVESTMENT MANAGEMENT
13F-HR, 1999-05-14
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						UNITED STATES
					SECURITIES AND EXCHANGE COMMISSION
					Washington, D.C.  20549
				
					FORM 13F


					FORM 13F COVER PAGE

Report for the Quarter Ended: March 31, 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:		Columbia Partners, L.L.C.,  Investment Management
Address:		1775 Pennsylvania Avenue, NW, 10th Floor
		Washington, DC  20006

13F File Number: 	28-5386

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:		Terence W. Collins
Title:		President
Phone:		202-296-3131
Signature, Place, and Date of Signing:

		Terence W. Collins		Washington, DC 		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:

Quantitative Advisors 		13F File No: 28-4108

I AM SIGNING THHIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1034.
<PAGE>
 	
					


<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>
ABBOTT LABORATORIES            COM              002824100    22685   484590 SH       SOLE                   226370            258220
ABERCROMBIE & FITCH            COM              002896207     6395    69325 SH       SOLE                    44660             24665
ACTION PERFORMANCE COS INC     COM              004933107     2775    92115 SH       SOLE                    58925             33190
ADAPTEC INC                    COM              00651F108     5972   261775 SH       SOLE                   158895            102880
ALLIED CAPITAL CORP            COM              01903Q108      686    37360 SH       SOLE                                      37360
AM CAP STRATEGIES LTD          COM              024937104     3154   184195 SH       SOLE                   120775             63420
AMERICA ONLINE INC             COM              02364J104    26041   177152 SH       SOLE                    84707             92445
AMERICAN EXPRESS               COM              025816109    23762   201802 SH       SOLE                    98237            103565
AMERICAN HOME PRODUCTS CORP    COM              026609107    22856   350291 SH       SOLE                   161920            188371
AMERICAN INTERNATIONAL GROUP   COM              026874107     1733    14365 SH       SOLE                                      14365
AMERICAN MANAGEMENT SYSTEMS    COM              027352103     4896   143460 SH       SOLE                    91730             51730
AMERICAN PWR CNVRSION          COM              029066107      382    14135 SH       SOLE                     8805              5330
AMERICREDIT CORP               COM              03060R101     4583   349165 SH       SOLE                   223170            125995
AMERITECH CORP                 COM              030954101    19515   338652 SH       SOLE                   170937            167715
AMERITRADE HOLDING CORP- CL A  COM              03072h109     4409    71395 SH       SOLE                    45615             25780
ANALOG DEVICES                 COM              032654105      245     8250 SH       SOLE                     5135              3115
ANHEUSER-BUSCH COS INC         COM              035229103    24942   327645 SH       SOLE                   151180            176465
ANNUITY AND LIFE               COM              G03910109     3717   162470 SH       SOLE                   103305             59165
ANTEC CORP                     COM              03664P105     4232   196825 SH       SOLE                   118170             78655
ARM FINL GROUP INC  -CL A      COM              001944107     3417   228735 SH       SOLE                   146085             82650
ASSOC FST CAPITAL CP  -CL A    COM              046008108    15747   349943 SH       SOLE                   172360            177583
ASTORIA FINL CORP              COM              046265104     2928    58560 SH       SOLE                    37630             20930
AT HOME CORP-SER A             COM              045919107      769     4885 SH       SOLE                                       4885
AT&T CORP                      COM              001957109      664     8320 SH       SOLE                     4005              4315
BANKAMERICA CORP               COM              06605F102    22502   318611 SH       SOLE                   158191            160420
BARNES & NOBLE INC             COM              067774109     3990   124210 SH       SOLE                    76630             47580
BAXTER INTERNATIONAL INC       COM              071813109    14750   223480 SH       SOLE                   107100            116380
BED BATH & BEYOND INC          COM              075896100      518    14185 SH       SOLE                     8845              5340
BIOMATRIX INC                  COM              09060p102     4272    54770 SH       SOLE                    35085             19685
BJ's WHOLESALE CLUB            COM              05548J106     8233   312905 SH       SOLE                   195830            117075
BOSTON PROPERTIES INC          COM              101121101     3521   111340 SH       SOLE                    70965             40375
BP AMOCO PLC  -ADR             COM              055622104      205     2028 SH       SOLE                                       2028
BRISTOL MYERS SQUIBB           COM              110122108    21086   328830 SH       SOLE                   149270            179560
BROADCAST.COM                  COM              111310108      378     3195 SH       SOLE                                       3195
BURLINGTON RESOURCES INC       COM              122014103      639    16000 SH       SOLE                     8880              7120
CABLEVISION SYSTEMS-CL A       COM              12686c109      923    12450 SH       SOLE                     4305              8145
CADENCE DESIGN SYS INC         COM              127387108      408    15850 SH       SOLE                    11500              4350
CAPITAL AUTOMOTIVE REIT        COM              139733109      995    80000 SH       SOLE                    51000             29000
CBS CORPORATION                COM              12490k107    17364   425460 SH       SOLE                   205560            219900
CCC INFORMATION SVCS GRP INC   COM              12487Q109      236    20320 SH       SOLE                                      20320
CHAMPIONSHIP AUTO RACING       COM              158711101     3175   109020 SH       SOLE                    69730             39290
CHICO'S FAS                    COM              168615102     4642   215920 SH       SOLE                   122895             93025
CINTAS CORP                    COM              172908105      521     7970 SH       SOLE                     4985              2985
CIRCUIT CITY STR CRCT CTY GP   COM              172737108    18967   247530 SH       SOLE                   116660            130870
CITIGROUP INC                  COM              172967101    21469   336110 SH       SOLE                   152174            183936
CITRIX SYSTEMS INC             COM              177376100      476    12490 SH       SOLE                     7810              4680
CLAIRES STORES INC             COM              179584107     4615   153180 SH       SOLE                   101505             51675
CLARIFY INC                    COM              180492100     1798    67365 SH       SOLE                    43385             23980
CLEAR CHANNEL COMMUNICATIONS   COM              184502102      655     9760 SH       SOLE                     4000              5760
COCA-COLA CO                   COM              191216100     1598    26035 SH       SOLE                      210             25825
COMPAQ COMPUTER CORP           COM              204493100    20602   650150 SH       SOLE                   297750            352400
COMPLETE BUSINESS SOLUTIONS    COM              20452F107     3144   160185 SH       SOLE                    98225             61960
CONSOLIDATED GRAPHICS INC      COM              209341106     3205    55500 SH       SOLE                    35500             20000
COORS (ADOLPH) -CL B           COM              217016104     3674    68030 SH       SOLE                    44335             23695
CORDANT TECHNOLOGIES INC       COM              218412104      468    11745 SH       SOLE                     7320              4425
COSTCO COMPANIES INC           COM              22160Q102    29482   321992 SH       SOLE                   153492            168500
COUSINS PROPERTIES INC         COM              222795106      636    21972 SH       SOLE                                      21972
CRESCENT R E EQUITIES INC      COM              225756105      333    15485 SH       SOLE                     9650              5835
DAYTON HUDSON CORP             COM              239753106    29389   441110 SH       SOLE                   206470            234640
DEAN FOODS CO                  COM              242361103      703    19720 SH       SOLE                     8140             11580
DEB SHOPS INC                  COM              242728103      172    15270 SH       SOLE                    14600               670
DELIA*S INC                    COM              246885107      346    11000 SH       SOLE                    11000                 
DELPHI AUTOMOTIVE SYSTEMS      COM              247126105      489    27535 SH       SOLE                    17165             10370
DIAMOND OFFSHRE DRILLING INC   COM              25271C102      284     8975 SH       SOLE                     5585              3390
DIME BANCORP INC               COM              25429Q102      708    30552 SH       SOLE                    12175             18377
DISNEY (WALT) COMPANY          COM              254687106    18044   579715 SH       SOLE                   323455            256260
E*TRADE GROUP INC              COM              269246104     4472    76685 SH       SOLE                    47315             29370
EARTHGRAINS CO                 COM              270319106     2406   108455 SH       SOLE                    68415             40040
EASTMAN KODAK CO               COM              277461109      292     4572 SH       SOLE                      105              4467
ENTERTAINMENT PROPERTIES REIT  COM              29380T105     4315   250120 SH       SOLE                   159120             91000
EQUITABLE COS INC              COM              29444G107    14776   211090 SH       SOLE                   102895            108195
EXXON CORP                     COM              302290101    18608   263705 SH       SOLE                   131620            132085
FAMILY DOLLAR STORES           COM              307000109      434    18860 SH       SOLE                    11575              7285
FEDERAL NATL MORTGAGE ASSN     COM              313586109    19128   276220 SH       SOLE                   136655            139565
FELCOR LODGING TRUST INC       COM              31430F101     3690   159140 SH       SOLE                    99010             60130
FIRST VIRGINIA BANKS INC       COM              337477103      332     7260 SH       SOLE                                       7260
FLOWERS INDUSTRIES INC         COM              343496105     5856   237796 SH       SOLE                   132291            105505
FOOD LION INC  -CL A           COM              344775200      403    43820 SH       SOLE                    27300             16520
FORE SYSTEMS INC               COM              345449102      351    18550 SH       SOLE                                      18550
FURNITURE BRANDS INTL INC      COM              360921100     3698   167135 SH       SOLE                   100280             66855
GENERAL ELECTRIC CO            COM              369604103    27301   246785 SH       SOLE                   116605            130180
GENTEX CORP                    COM              371901109     3786   175575 SH       SOLE                   104695             70880
GEORGIA-PACIFIC CORP           COM              373298108      358     4820 SH       SOLE                     2995              1825
GILLETTE CO                    COM              375766102    13612   229015 SH       SOLE                   109295            119720
GLOBAL INDUSTRIES LTD          COM              379336100     4826   476655 SH       SOLE                   304190            172465
GULFSTREAM AEROSPACE           COM              402734107      526    12120 SH       SOLE                     7570              4550
HALLIBURTON CO                 COM              406216101    13185   342475 SH       SOLE                   170785            171690
HEARX LTD/DE                   COM              422360107        5    10000 SH       SOLE                                      10000
HENRY JACK & ASSOC INC         COM              426281101     3876   105480 SH       SOLE                    64800             40680
HERSHEY FOODS CORP             COM              427866108     1053    18785 SH       SOLE                     9985              8800
HOME DEPOT INC                 COM              437076102    14726   236570 SH       SOLE                   114180            122390
HOUSEHOLD INTERNATIONAL INC    COM              441815107    15150   332045 SH       SOLE                   167550            164495
INKTOMI CORP                   COM              457277101     6411    74765 SH       SOLE                    42135             32630
INPRISE CORP (was BORLAND)     COM              099843104      100    25885 SH       SOLE                                      25885
INTEL CORP                     COM              458140100    23382   196695 SH       SOLE                    92107            104588
INTERDENT INC                  COM              45865r109      186    33809 SH       SOLE                    18938             14871
INTIMATE BRANDS INC CL A       COM              461156101      540    11230 SH       SOLE                     4550              6680
INTL BUSINESS MACHINES CORP    COM              459200101    30311   171005 SH       SOLE                    81855             89150
INTL PAPER CO                  COM              460146103    13463   319114 SH       SOLE                   158109            161005
INTUIT                         COM              461202103      607     5965 SH       SOLE                     3705              2260
ITT EDUCATIONAL SERVICES INC   COM              45068B109     2098    55860 SH       SOLE                    35655             20205
JABIL CIRCUIT INC              COM              466313103     5445   134435 SH       SOLE                    85995             48440
JOHNSON & JOHNSON              COM              478160104    19760   211333 SH       SOLE                    97793            113540
KANSAS CITY SOUTHERN INDS      COM              485170104      434     7610 SH       SOLE                     4670              2940
KROGER CO                      COM              501044101      238     3970 SH       SOLE                     1790              2180
LEARNING CO INC (THE)          COM              522008101     4986   171920 SH       SOLE                   106035             65885
LEGG MASON INC                 COM              524901105     4902   145515 SH       SOLE                    90995             54520
LEXMARK INTL GRP INC  -CL A    COM              529771107      533     4765 SH       SOLE                     2975              1790
LILLY (ELI) & CO               COM              532457108    19589   230802 SH       SOLE                   104257            126545
LIMITED INC                    COM              532716107    15696   396125 SH       SOLE                   192430            203695
LONE STAR INDUSTRIES           COM              542290408     2852    92000 SH       SOLE                    58845             33155
LSI LOGIC CORP                 COM              502161102     7501   240525 SH       SOLE                   144610             95915
LUCENT TECHNOLOGIES INC        COM              549463107    22541   208715 SH       SOLE                    98700            110015
MCDERMOTT (J RAY) S A          COM              P64658100      318    10635 SH       SOLE                     6575              4060
MCDONALDS CORP                 COM              580135101    21064   464868 SH       SOLE                   224180            240688
MCI WORLDCOM INC               COM              55268B106    33768   381294 SH       SOLE                   180713            200581
MEDTRONIC INC                  COM              585055106    14838   206440 SH       SOLE                    97055            109385
MENS WEARHOUSE INC             COM              587118100     4154   143863 SH       SOLE                    88901             54962
MENTOR GRAPHICS CORP           COM              587200106      328    24275 SH       SOLE                    10000             14275
MERCK & CO                     COM              589331107    22484   280615 SH       SOLE                   127690            152925
MICRON TECHNOLOGY INC          COM              595112103     1281    26585 SH       SOLE                     9140             17445
MICROSOFT CORP                 COM              594918104    39204   437420 SH       SOLE                   207210            230210
MONTANA POWER CO               COM              612085100      625     8495 SH       SOLE                     5240              3255
MOTOROLA INC                   COM              620076109    19345   264093 SH       SOLE                   125538            138555
MPW INDUSTRIAL SERVICES GRP    COM              553444100     1625   197010 SH       SOLE                   125985             71025
MUTUAL RISK MANAGEMENT LTD     COM              628351108     4550   118178 SH       SOLE                    70800             47378
NATIONWIDE FINANCIAL SERV      COM              638612101      482    11465 SH       SOLE                     7140              4325
NEXTEL COMMUNICATIONS          COM              65332V103      551    15050 SH       SOLE                     7000              8050
OLD REPUBLIC INTL CORP         COM              680223104      229    12565 SH       SOLE                                      12565
OMNIGROUP                      COM              681919106    21000   262710 SH       SOLE                   127130            135580
ORTHODONTIC CENTERS OF AMER    COM              68750P103     5041   320095 SH       SOLE                   180415            139680
OUTBACK STEAKHOUSE             COM              689899102     6394   195239 SH       SOLE                   117182             78057
PAPA JOHN'S INTL INC           COM              698813102     3621    82065 SH       SOLE                    49085             32980
PHARMERICA INC                 COM              717135107      122    24395 SH       SOLE                                      24395
PHILIP MORRIS COS INC          COM              718154107      331     9399 SH       SOLE                                       9399
POWERWAVE TECHNOLOGIES INC     COM              739363109     1135    40000 SH       SOLE                    25555             14445
PREPAID LEGAL SERVICES INC     COM              740065107     4010   163675 SH       SOLE                   103375             60300
PRIORITY HEALTHCARE            COM              74264T102     6765   149510 SH       SOLE                    90205             59305
PROCTER & GAMBLE CO            COM              742718109    15646   159755 SH       SOLE                    75570             84185
PROVIDENT COS INC              COM              743862104      504    14590 SH       SOLE                     9090              5500
QWEST COMMUNICATIONS INTL      COM              749121109    25008   346881 SH       SOLE                   169261            177620
RATIONAL SOFTWARE CORP         COM              75409P202     4792   178710 SH       SOLE                   113905             64805
READERS DIGEST ASSN  -CL A     COM              755267101      505    16055 SH       SOLE                     9975              6080
REALNETWORKS INC               COM              75605L104      346     2830 SH       SOLE                                       2830
REYNOLDS & REYNOLDS  -CL A     COM              761695105     5142   270615 SH       SOLE                   166330            104285
RITE AID CORP                  COM              767754104     8179   327160 SH       SOLE                   153560            173600
ROSLYN BANCORP INC             COM              778162107      261    15490 SH       SOLE                                      15490
ROSS STORES INC                COM              778296103      512    11695 SH       SOLE                     7280              4415
SAFEWAY INC                    COM              786514208    25066   488506 SH       SOLE                   223545            264961
SCHERING-PLOUGH                COM              806605101    15226   275585 SH       SOLE                   126830            148755
SELECT COMFORT CORP            COM              81616x103     2893   103770 SH       SOLE                    66345             37425
SHAW INDUSTRIES INC            COM              820286102      381    20575 SH       SOLE                    12840              7735
SIEBEL SYSTEMS INC             COM              826170102     4659    98085 SH       SOLE                    61665             36420
SOLECTRON CORP                 COM              834182107      565    11625 SH       SOLE                     7240              4385
SOUTHDOWN INC                  COM              841297104     3412    63560 SH       SOLE                    40655             22905
SOUTHWEST AIRLINES             COM              844741108      430    14202 SH       SOLE                     8832              5370
SOUTHWEST SECURITIES CORP      COM              845224104     3660   129570 SH       SOLE                    77295             52275
SPEEDWAY MOTORSPORTS INC       COM              847788106     2104    51000 SH       SOLE                    32580             18420
SUNGLASS HUT INTL INC          COM              86736F106      592    56415 SH       SOLE                                      56415
SUNRISE ASSISTED LIVING        COM              86768K106     5179   113665 SH       SOLE                    69825             43840
SYBRON INTL CORP               COM              87114F106     4779   191170 SH       SOLE                   115275             75895
TCA CABLE TV INC               COM              872241104     4226    97140 SH       SOLE                    61955             35185
TEMPLE-INLAND INC              COM              879868107      589     9380 SH       SOLE                     5300              4080
TERAYON COMMUNICATION SYS      COM              880775101      297     7425 SH       SOLE                                       7425
TEXAS INSTRUMENTS INC          COM              882508104    15408   155240 SH       SOLE                    73245             81995
TEXTRON INC                    COM              883203101    19664   254144 SH       SOLE                   118019            136125
TJX COMPANIES INC              COM              872540109    30141   886505 SH       SOLE                   426375            460130
TMP WORLDWIDE INC              COM              872941109     4972    76720 SH       SOLE                    49080             27640
TOMMY HILFIGER CORP            COM              G8915Z102      575     8355 SH       SOLE                     5210              3145
U.S. FOODSERVICE               COM              90331r101      476    10245 SH       SOLE                     6365              3880
UNION PLANTERS CORP            COM              908068109      445    10130 SH       SOLE                     6290              3840
UNITED RENTALS INC             COM              911363109     3070   107704 SH       SOLE                    65965             41739
UNITED TECHNOLOGIES CORP       COM              913017109    25866   190982 SH       SOLE                    91172             99810
VALASSIS COMMUNICATIONS INC    COM              918866104      479     9250 SH       SOLE                     5760              3490
VERITAS DGC INC                COM              92343P107      979    68735 SH       SOLE                    44170             24565
VIGNETTE CORPORATION           COM              926734104     6639    88220 SH       SOLE                    56380             31840
VITESSE SEMICONDUCTOR CORP     COM              928497106      947    18709 SH       SOLE                     6035             12674
WAL-MART STORES                COM              931142103    28727   311610 SH       SOLE                   146465            165145
WARNER-LAMBERT CO              COM              934488107    22806   344237 SH       SOLE                   161947            182290
WASHINGTON GAS LIGHT CO        COM              938837101      367    16215 SH       SOLE                    10160              6055
WASHINGTON MUTUAL INC          COM              939322103    19531   477832 SH       SOLE                   231048            246784
WASTE MANAGEMENT INC           COM              94106L109    21178   477249 SH       SOLE                   225696            251553
WATSCO INC                     COM              942622200     1691   115602 SH       SOLE                    75990             39612
WATSON PHARMACEUTICALS         COM              942683103      475    10760 SH       SOLE                     6715              4045
WILLIAMS COS INC               COM              969457100    20269   513127 SH       SOLE                   256001            257126
XIRCOM INC                     COM              983922105     3181   126620 SH       SOLE                    66410             60210
YAHOO! INC                     COM              984332106    12027    71430 SH       SOLE                    33340             38090
</TABLE>


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