UNITED STATES
SECURITIES AND EXCHANGE COMISSION
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: [ ] 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
authorizedto 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: Edward Ackerman
Title: Partner
Phone: 214-361-5383
Edward M. Ackerman Dallas, Texas May 11, 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: 43
Form 13F Information Table Value Total: $37, 538
List of Other Included Managers:
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FORM 13F INFORMATION TABLE
TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHERS VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (X$1000)PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
Albertson's COMMON 013104104 1,535 28,200 SH 28,200 28,200
American Home Products COMMON 026609107 2,192 33,600 SH 33,600 33,600
Arrow Electronics COMMON 042735100 432 28,800 SH 28,800 28,800
BP Amoco PLC COMMON 055622104 1,336 13,233 SH 13,233 13,233
Banc One COMMON 06423A103 593 10,769 SH 10,769 10,769
Browning-Ferris COMMON 115885105 528 13,700 SH 13,700 13,700
Burlington Resources COMMON 122014103 2,336 58,500 SH 58,500 58,500
Cabot Oil & Gas COMMON 127097103 1,732 120,000 SH 120,000 120,000
Charming Shoppes COMMON 161133103 697 180,000 SH 180,000 180,000
Chase Manhatten COMMON 16161A108 602 7,400 SH 7,400 7,400
Coachman Industries COMMON 189873102 1,025 50,000 SH 50,000 50,000
Crown Cork & Seal COMMON 228255105 405 14,200 SH 14,200 14,200
Dillards Inc. COMMON 254067101 322 12,700 SH 12,700 12,700
Duke Energy COMMON 264399106 510 9,300 SH 9,300 9,300
Electronic Data Systems COMMON 285661104 574 11,800 SH 11,800 11,800
Enron Oil & Gas COMMON 293562104 2,475 148,900 SH 148,900 148,900
GTE Corp. COMMON 362320103 1,452 24,000 SH 24,000 24,000
Gannett Co. COMMON 364730101 296 4,700 SH 4,700 4,700
Great Lakes Chemical COMMON 390568103 202 5,500 SH 5,500 5,500
H&R Block COMMON 093671105 308 6,500 SH 6,500 6,500
Hon Industries COMMON 438092108 281 12,800 SH 12,800 12,800
JC Penney COMMON 708160106 312 7,700 SH 7,700 7,700
Johnson & Johnson COMMON 478160104 495 5,300 SH 5,300 5,300
Jostens Inc. COMMON 481088102 1,576 74,200 SH 74,200 74,200
LSI Logic COMMON 502161102 387 12,400 SH 12,400 12,400
Luby's Cafeteria COMMON 549282101 1,350 80,000 SH 80,000 80,000
Mitchell Energy Cl B COMMON 606592301 500 40,000 SH 40,000 40,000
Nalco Chemical COMMON 629853102 212 8,000 SH 8,000 8,000
Nestle ADR COMMON 641069406 545 6,000 SH 6,000 6,000
Noble Affilates COMMON 654894104 1,305 45,000 SH 45,000 45,000
Norfolk Southern COMMON 655844108 181 6,900 SH 6,900 6,900
PNC Bank Corp. COMMON 693475105 322 5,800 SH 5,800 5,800
Phillips Petroleum COMMON 718507106 945 20,000 SH 20,000 20,000
Questar Corp. COMMON 748356102 2,337 138,000 SH 138,000 138,000
SAFECO COMMON 786429100 1,035 25,600 SH 25,600 25,600
Snyder Oil Corp. COMMON 833482102 1,333 90,000 SH 90,000 90,000
Southwest Airlines COMMON 844741108 358 11,850 SH 11,850 11,850
Southwest Energy COMMON 845467109 1,341 190,000 SH 190,000 190,000
Texaco COMMON 881694103 1,135 20,000 SH 20,000 20,000
Unocal Corp. COMMON 915289102 350 9,500 SH 9,500 9,500
Utilicorp United COMMON 918005109 682 30,000 SH 30,000 30,000
Weyerhaeuser Co. COMMON 962166104 222 4,000 SH 4,000 4,000
Wisconsin Energy COMMON 976657106 782 30,000 SH 30,000 30,000
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