UNITED STATES
SECURITIES AND EXCHANGE COMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended: September 30, 1999
Check here if Amendment [ ]; Amendment Number
This Amendment: [ ] is a restatement
[ ] adds new holdings entries
Institutional Investment Manager Filing this Report:
Name: Dallas Investment Management
Address: 5956 Sherry Lane
Suite 1600
Dallas, TX 75225
13F File Number: 28-5468
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 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: David Ackerman
Title: Partner
Phone: 214-361-5391
David B. Ackerman Dallas, Texas November 12, 1999
Report Type:
[ 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 AND
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: 24
Form 13F Information Table Value Total: $32,276
List of Other Included Managers:
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FORM 13F INFORMATION TABLE
TITLE OF VALUE SHARES/ PUT/ INVSTMT OTHERS VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT CALL DSCRETN MANAGERS SOLE SHARED NONE
Albertson's COMMON 013104104 791 20,000SH 20,000 20,000
American Home Products COMMON 026609107 1,394 33,600SH 33,600 33,600
Arrow Electronics COMMON 042735100 353 20,000SH 20,000 20,000
BP Amoco PLC COMMON 055622104 1,466 13,233SH 13,233 13,233
Burlington Resources COMMON 122014103 1,654 45,000SH 45,000 45,000
Cabot Oil & Gas COMMON 127097103 2,070 120,000SH 120,000 120,000
Charming Shoppes COMMON 161133103 923 180,000SH 180,000 180,000
Coachman Industries COMMON 189873102 775 50,000SH 50,000 50,000
EOG Resources COMMON 26875P101 2,550 120,000SH 120,000 120,000
Equitable Resources COMMON 294549100 2,118 56,000SH 56,000 56,000
GTE Corp. COMMON 362320103 1,230 16,000SH 16,000 16,000
Jostens Inc. COMMON 481088102 1,817 95,000SH 95,000 95,000
Luby's Cafeteria COMMON 549282101 1,035 90,000SH 90,000 90,000
Mitchell Energy Cl B COMMON 606592301 2,350 100,000SH 100,000 100,000
Noble Affiliates COMMON 654894104 1,305 45,000SH 45,000 45,000
Phillips Petroleum COMMON 718507106 975 20,000SH 20,000 20,000
Questar Corp. COMMON 748356102 2,182 120,400SH 120,400 120,400
SAFECO COMMON 786429100 448 16,000SH 16,000 16,000
Santa Fe Snyder COMMON 80218K105 1,660 184,500SH 184,500 184,500
Southwestern Energy COMMON 845467109 1,812 200,000SH 200,000 200,000
Texaco COMMON 881694103 1,263 20,000SH 20,000 20,000
Utilicorp United COMMON 918005109 632 30,000SH 30,000 30,000
Valero Energy COMMON 91913Y100 770 40,000SH 40,000 40,000
Wisconsin Energy COMMON 976657106 703 30,000SH 30,000 30,000
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