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 holding entries.
Institutional Investment Manager Filing this report:
Name: Farrell-SL Investment Management, Inc.
Address: 780 Third Avenue-38th Floor
New York, NY 10017
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: Takeaki Nagashima
Title: President
Phone: (212) 319-3944
Signature, Place, and Date of Signing:
Takeaki Nagashima New York, NY May 13, 1999
Report Type (Check only one.):
[ x ] 13F HOLDING 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: NONE
Form 13F Information Table Entry Total: 202
Form 13F Information Table Value Total: $498,934
Farrell-SL Investment Management
FORM 13 (F)
"March 31, 1999"
Voting Security Class Cusip Mkt Value Qty Disc Mngr Auth
- ---------------- ------ --------- ---------- ------ ---- --- ----
3COM CORP COM Common 885535104 806612.50 34600 Sole N/A Sole
ADOBE SYSTEMS I Common 00724F101 3433375.00 60500 Sole N/A Sole
AIRBORNE FREIGH Common 009266107 2123500.00 68500 Sole N/A Sole
AIRTOUCH COMMUN Common 00949T100 1111187.50 11500 Sole N/A Sole
ALLIEDSIGNAL IN Common 019512102 2710231.25 55100 Sole N/A Sole
ALLSTATE CORP Common 020002101 481812.50 13000 Sole N/A Sole
ALUMINUM CO AME Common 013817101 906125.00 22000 Sole N/A Sole
AMERICAN HOME P Common 026609107 1990125.00 30500 Sole N/A Sole
AMERICAN INTL G Common 026874107 1990312.50 16500 Sole N/A Sole
AMERICAN ONCOLO Common 028910107 1731600.00 192400 Sole N/A Sole
AMERICAN PWR CO Common 029066107 2594700.00 96100 Sole N/A Sole
AMERICAN TEL&TE Common 001957109 5978435.13 74906 Sole N/A Sole
AMERITECH CORPO Common 030954101 864375.00 15000 Sole N/A Sole
AMES DEPT STORE Common 030789507 4150575.00 111800 Sole N/A Sole
AMGEN INC Common 031162100 6656387.50 88900 Sole N/A Sole
ANHEUSER BUSCH Common 035229103 989625.00 13000 Sole N/A Sole
ATLANTIC COAST Common 048396105 3571875.00 127000 Sole N/A Sole
ATLANTIC RICHFI Common 048825103 731250.00 10000 Sole N/A Sole
AUTODESK INC Common 052769106 2907456.25 71900 Sole N/A Sole
AUTOMATIC DATA Common 053015103 703375.00 17000 Sole N/A Sole
AVIS Common 053790101 2591550.00 93600 Sole N/A Sole
BANC ONE CORP C Common 06423A103 4757400.00 86400 Sole N/A Sole
BANKAMERICA COR Common 060505104 1200625.00 17000 Sole N/A Sole
BELL & HOWELL N Common 077852101 2767100.00 94400 Sole N/A Sole
BELL ATLANTIC Common 077853109 1240500.00 24000 Sole N/A Sole
BELLSOUTH CORP Common 079860102 4366812.50 109000 Sole N/A Sole
BERGEN BRUNSWIG Common 083739102 2030000.00 101500 Sole N/A Sole
BIOGEN INC COM Common 090597105 3200750.00 28000 Sole N/A Sole
BLYTH INDUSTRIE Common 09643P108 255150.00 10800 Sole N/A Sole
BMC SOFTWARE IN Common 055921100 1905012.50 51400 Sole N/A Sole
BOEING CO COM Common 097023105 408000.00 12000 Sole N/A Sole
BORG-WARNER AUT Common 099724106 3150843.75 65900 Sole N/A Sole
BRINKER INTL IN Common 109641100 3213656.25 123900 Sole N/A Sole
BRISTOL MYERS S Common 110122108 4815787.50 75100 Sole N/A Sole
BURLINGTON NORT Common 12189T104 424087.50 12900 Sole N/A Sole
C&D TECHNOLOGIE Common 124661109 2955150.00 118800 Sole N/A Sole
CANANDAIGUA BRA Common 137219200 3203850.00 63600 Sole N/A Sole
CAPITAL ONE FIN Common 14040H105 3729700.00 24700 Sole N/A Sole
CBS INC COM Common 12490K101 714218.75 17500 Sole N/A Sole
CDW COMPUTER CT Common 125129106 2415000.00 35000 Sole N/A Sole
CENTEX CORP Common 152312104 3634537.50 108900 Sole N/A Sole
CENTURY TEL ENT Common 156700106 3126125.00 44500 Sole N/A Sole
CERIDIAN CORP Common 15677T106 643500.00 17600 Sole N/A Sole
CHARTER ONE FIN Common 160903100 384839.77 13335 Sole N/A Sole
CHASE MANHATTAN Common 16161A108 4760437.50 58500 Sole N/A Sole
CHRYSLER CORP C Common 172967101 3193750.00 50000 Sole N/A Sole
CIBER INC. Common 17163B102 2053750.00 106000 Sole N/A Sole
CISCO Common 17275R102 5423343.75 49500 Sole N/A Sole
CNF TRANSPORTAT Common 12612W104 2892656.25 76500 Sole N/A Sole
COCA COLA CO Common 191216100 2025375.00 33000 Sole N/A Sole
COCA COLA ENTER Common 191219104 302500.00 10000 Sole N/A Sole
COMAIR HOLDINGS Common 199789108 3080700.00 130400 Sole N/A Sole
COMPAQ COMPUTER Common 204493100 760500.00 24000 Sole N/A Sole
COMPLETE BUSINE Common 20452F107 2374625.00 121000 Sole N/A Sole
COMPUTER ASSOC Common 204912109 2510712.50 70600 Sole N/A Sole
COMPUTER SCIENC Common 205363104 2058493.75 37300 Sole N/A Sole
COMPUTER TASK G Common 205477102 2528662.50 118300 Sole N/A Sole
COMPUWARE CORP Common 205638109 2282450.00 95600 Sole N/A Sole
CONOCO INC-CL A Common 208251306 331593.75 13500 Sole N/A Sole
CONSECO INC Common 208464107 1966181.75 63682 Sole N/A Sole
CONVERSE TECHNO Common 205862402 3629500.00 42700 Sole N/A Sole
COUNTRYWIDE CR Common 222372104 2771250.00 73900 Sole N/A Sole
CROMPTON & KNOW Common 227111101 2669625.00 169500 Sole N/A Sole
CVS Common 126650100 950000.00 20000 Sole N/A Sole
D R HORTON INC Common 23331A109 2777150.00 165800 Sole N/A Sole
DANA CORP COM Common 235811106 1470600.00 38700 Sole N/A Sole
DAYTON HUDSON Common 239753106 4277325.00 64200 Sole N/A Sole
DELL COMPUTER C Common 247025109 1348875.00 33000 Sole N/A Sole
DIAL CORP DEL C Common 25247D101 2337500.00 68000 Sole N/A Sole
DIME BANCORP IN Common 25429Q102 3766948.50 162456 Sole N/A Sole
DISNEY WALT Common 254687106 1182750.00 38000 Sole N/A Sole
DOLLAR TREE STO Common 256747106 2212031.25 71500 Sole N/A Sole
DU PONT E I DE Common 263534109 1074156.25 18500 Sole N/A Sole
DUKE ENERGY COR Common 264399106 657750.00 12000 Sole N/A Sole
EL PASO ENERGY Common 283905107 627600.00 19200 Sole N/A Sole
ELECTRONIC ARTS Common 285512109 2546000.00 53600 Sole N/A Sole
EMC CORP MASS Common 268648102 7843850.00 61400 Sole N/A Sole
ENRON CORP Common 293561106 1028000.00 16000 Sole N/A Sole
ETHAN ALLAN INT Common 297602104 3591000.00 86400 Sole N/A Sole
EXXON CORP Common 302290101 3210593.75 45500 Sole N/A Sole
FAMILY DLR STOR Common 307000109 3105000.00 135000 Sole N/A Sole
FANNIE MAE Common 313586109 4404300.00 63600 Sole N/A Sole
FEDERAL MOGUL C Common 313549107 1808325.00 42300 Sole N/A Sole
FEDERATED DEPT Common 31410H101 1716547.50 42780 Sole N/A Sole
FINOVA GROUP IN Common 317928109 2619687.50 50500 Sole N/A Sole
FIRST UN CORP C Common 337358105 1469531.25 27500 Sole N/A Sole
FLOWERS INDUSTR Common 343496105 517125.00 21000 Sole N/A Sole
FOODMAKER INC Common 344839204 3972900.00 155800 Sole N/A Sole
FORD MTR CO DEL Common 345370100 3078131.25 54300 Sole N/A Sole
FORT JAMES CORP Common 347471104 2500143.75 78900 Sole N/A Sole
FRED MEYER INC Common 592907109 588750.00 10000 Sole N/A Sole
FREDDIE MAC/FED Common 313400301 3845668.75 67100 Sole N/A Sole
FURNITURE BRAND Common 360921100 3042187.50 137500 Sole N/A Sole
GATEWAY 2000 Common 367833100 3256718.75 47500 Sole N/A Sole
GBC BANCORP CAL Common 361475106 1936500.00 129100 Sole N/A Sole
GENERAL ELEC CO Common 369604103 6582187.50 59500 Sole N/A Sole
GENERAL MTRS CO Common 370442105 2201100.00 25300 Sole N/A Sole
GILLETTE CO. Common 375766102 1438387.50 24200 Sole N/A Sole
GOODRICH B F CO Common 382388106 1671018.75 48700 Sole N/A Sole
GRACE W R & CO Common 38388F108 2353462.50 194100 Sole N/A Sole
GTE CORP COM Common 362320103 3097600.00 51200 Sole N/A Sole
GUIDANT CORP Common 401698105 5227200.00 86400 Sole N/A Sole
HEWLETT PACKARD Common 428236103 3383843.75 49900 Sole N/A Sole
HOME DEPOT INC Common 437076102 1494000.00 24000 Sole N/A Sole
HONEYWELL INC Common 438506107 2585206.25 34100 Sole N/A Sole
HORMEL FOODS CO Common 440452100 2949750.00 82800 Sole N/A Sole
HOUSEHOLD INTL Common 441815107 456250.00 10000 Sole N/A Sole
HUNT J B TRANS Common 445658107 2016000.00 96000 Sole N/A Sole
IBP INC COM Common 449223106 2417525.00 129800 Sole N/A Sole
INFORMIX CORP C Common 456779107 2563550.00 347600 Sole N/A Sole
INGERSOLL-RAND Common 456866102 2523431.25 50850 Sole N/A Sole
INTEL CORP COM Common 458140100 3863437.50 32500 Sole N/A Sole
INTERNATIONAL B Common 459200101 6007888.75 33895 Sole N/A Sole
INTERNATIONAL P Common 460146103 464062.50 11000 Sole N/A Sole
INTIMATE BRANDS Common 461156101 3907750.00 81200 Sole N/A Sole
JOHNSON & JOHNS Common 478160104 1916750.00 20500 Sole N/A Sole
JOHNSON CTLS IN Common 478366107 2619750.00 42000 Sole N/A Sole
JONES APPAREL G Common 480074103 2357925.00 84400 Sole N/A Sole
KAUFMAN & BROAD Common 486168107 3115881.25 138100 Sole N/A Sole
KMART CORP Common 482584109 1577012.50 93800 Sole N/A Sole
KROGER CO Common 501044101 3388925.00 56600 Sole N/A Sole
LANDSTAR SYSTEM Common 515098101 804937.50 24300 Sole N/A Sole
LENNAR CORP Common 526057104 2427687.50 108500 Sole N/A Sole
LEXMARK INTL GR Common 529771107 3949187.50 35300 Sole N/A Sole
LILLY (ELI) & C Common 532457108 2037000.00 24000 Sole N/A Sole
LUCENT TECHNOLO Common 549463107 1458000.00 13500 Sole N/A Sole
MANITOWOC CO IN Common 563571108 3444218.75 82250 Sole N/A Sole
MARTIN MARIETTA Common 573284106 741812.50 13000 Sole N/A Sole
MAYTAG CORP COM Common 578592107 3586275.00 59400 Sole N/A Sole
MBNA CORP COM Common 55262L100 2449575.00 102600 Sole N/A Sole
MCDONALD'S CORP Common 580135101 996875.00 22000 Sole N/A Sole
MCGRAW HILL INC Common 580645109 926500.00 17000 Sole N/A Sole
MCI WORLDCOM IN Common 55268B106 2524031.25 28500 Sole N/A Sole
MERCK & CO INC Common 589331107 2964625.00 37000 Sole N/A Sole
MERCURY INTERAC Common 589405109 3038812.50 85300 Sole N/A Sole
MERRILL LYNCH & Common 590188108 885000.00 10000 Sole N/A Sole
MGIC INVT CORP Common 552848103 1910906.25 54500 Sole N/A Sole
MICROSOFT CORP Common 594918104 7653975.00 85400 Sole N/A Sole
MOBIL OIL CORP Common 607059102 2772000.00 31500 Sole N/A Sole
MODIS PROF SERV Common 607830106 2514843.75 277500 Sole N/A Sole
MOHAWK INDS INC Common 608190104 2802000.00 93400 Sole N/A Sole
MOTIVE POWER IN Common 61980K101 2208487.50 87900 Sole N/A Sole
MYLAN LABS INC Common 628530107 2872706.25 104700 Sole N/A Sole
NACCO INDUSTRIE Common 629579103 2073750.00 28000 Sole N/A Sole
NAVISTAR INTL C Common 63934E108 4171462.50 103800 Sole N/A Sole
NCR CORP COM Common 62886E108 2540000.00 50800 Sole N/A Sole
NEW YORK TIMES Common 650111107 570000.00 20000 Sole N/A Sole
NORTHERN TELECO Common 656569100 745500.00 12000 Sole N/A Sole
ORACLE CORP Common 68389X105 2377706.25 90150 Sole N/A Sole
OUTBACK STEAKHO Common 689899102 4057725.00 123900 Sole N/A Sole
PENTAIR INC Common 709631105 2602125.00 77100 Sole N/A Sole
PEPSICO INC Common 713448108 822937.50 21000 Sole N/A Sole
PFIZER INC Common 717081103 2844375.00 20500 Sole N/A Sole
PHILIP MORRIS C Common 718154107 3819251.25 108540 Sole N/A Sole
PHYSICIAN RELIA Common 71940G108 1763750.00 207500 Sole N/A Sole
PILLOWTEX CORP Common 721501104 1837281.25 129500 Sole N/A Sole
PREMARK INTL IN Common 740459102 3043425.00 92400 Sole N/A Sole
PROCTER & GAMBL Common 742718109 3917500.00 40000 Sole N/A Sole
PUBLIC SERVICE Common 744573106 381875.00 10000 Sole N/A Sole
QUALCOMM INC Common 747525103 5696375.00 45800 Sole N/A Sole
QUINTILES TRANS Common 748767100 547375.00 14500 Sole N/A Sole
RALSTON PURINA Common 751277302 373625.00 14000 Sole N/A Sole
REYNOLDS & REYN Common 761695105 2897500.00 152500 Sole N/A Sole
ROSS STORES INC Common 778296103 3347275.00 76400 Sole N/A Sole
SANMINA CORP Common 800907107 2575500.00 40400 Sole N/A Sole
SARA LEE CORP. Common 803111103 2680425.00 108300 Sole N/A Sole
SBC COMMUNICATI Common 78387G103 3836343.75 81300 Sole N/A Sole
SCHERING-PLOUGH Common 806605101 3618875.00 65500 Sole N/A Sole
SCHLUMBERGER LT Common 806857108 993093.75 16500 Sole N/A Sole
SEAGATE TECHNOL Common 811804103 2311787.50 78200 Sole N/A Sole
SOUTHDOWN INC Common 841297104 3666856.25 68300 Sole N/A Sole
SOUTHERN CO Common 842587107 233125.00 10000 Sole N/A Sole
STAPLES INC COM Common 855030102 789000.00 24000 Sole N/A Sole
STERIS CORP. Common 859152100 2026162.50 76100 Sole N/A Sole
STERLING SOFTWA Common 859547101 2698000.00 113600 Sole N/A Sole
STORAGE TECHNOL Common 862111200 2232787.50 80100 Sole N/A Sole
SUN MICROSYSTEM Common 866810104 4089543.75 32700 Sole N/A Sole
SUNGARD DATA SY Common 867363103 520000.00 13000 Sole N/A Sole
SYNOPSIS INC CO Common 871607107 4316125.00 80300 Sole N/A Sole
TELLABS INC Common 879664100 3372375.00 34500 Sole N/A Sole
TEREX CORP NEW Common 880779103 2895000.00 120000 Sole N/A Sole
TEXTRON INC Common 883203101 2746812.50 35500 Sole N/A Sole
TIME WARNER INC Common 887315109 1451656.25 20500 Sole N/A Sole
TJX COMPANIES I Common 872540109 2463300.00 72450 Sole N/A Sole
TRINITY INDUSTR Common 896522109 2029812.50 69100 Sole N/A Sole
TYCO INTL LTD. Common 902124106 4323655.00 60260 Sole N/A Sole
UNILEVER N V -N Common 904784709 996562.50 15000 Sole N/A Sole
UNISYS CORP COM Common 909214108 2406043.75 86900 Sole N/A Sole
UNITED STATIONE Common 913004107 2083150.00 136600 Sole N/A Sole
UNITED TECHNOLO Common 913017109 3956806.56 29215 Sole N/A Sole
UNIVISION COMMU Common 914906102 500000.00 10000 Sole N/A Sole
US AIR GROUP IN Common 911905107 1952500.00 40000 Sole N/A Sole
VALASSIS COMMUN Common 918866104 3648375.00 70500 Sole N/A Sole
VARLEN CORP Common 922248109 2705450.00 122975 Sole N/A Sole
VERITAS SOFTWAR Common 923436109 3343050.00 41400 Sole N/A Sole
WAL MART STORES Common 931142103 3410937.50 37000 Sole N/A Sole
WARNER LAMBERT Common 934488107 1192500.00 18000 Sole N/A Sole
WASTE MANAGEMEN Common 94106L109 2897687.50 65300 Sole N/A Sole
WELLPOINT Common 94973H108 2653437.50 35000 Sole N/A Sole
WELLS FARGO & C Common 949746101 1297312.50 37000 Sole N/A Sole
XILINX INC Common 983919101 649000.00 16000 Sole N/A Sole
XIRCOM INC Common 983922105 1844175.00 73400 Sole N/A Sole
