UNITED STATES
SECURITIES AND EXCHANGE COMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended: June 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: 214-361-5383
David B. Ackerman Dallas, Texas August 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: 45
Form 13F Information Table Value Total: $44,614
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 1,361 26,400SH 26,400 26,400
American Home Products COMMON 026609107 1,928 33,600SH 33,600 33,600
Arrow Electronics COMMON 042735100 509 26,800SH 26,800 26,800
BP Amoco PLC COMMON 055622104 1,436 13,233SH 13,233 13,233
Banc One COMMON 06423A103 497 8,349SH 8,349 8,349
Bemis COMMOM 081437105 310 7,800SH 7,800 7,800
Browning-Ferris COMMON 115885105 473 11,000SH 11,000 11,000
Burlington Resources COMMON 122014103 2,426 56,100SH 56,100 56,100
Cabot Oil & Gas COMMON 127097103 2,235 120,000SH 120,000 120,000
Charming Shoppes COMMON 161133103 1,097 180,000SH 180,000 180,000
Chase Manhattan COMMON 16161A108 519 6,000SH 6,000 6,000
Coachman Industries COMMON 189873102 1,162 50,000SH 50,000 50,000
Crown Cork & Seal COMMON 228255105 336 11,800SH 11,800 11,800
Dillards Inc. COMMON 254067101 362 10,300SH 10,300 10,300
Duke Energy COMMON 264399106 425 7,800SH 7,800 7,800
Electronic Data Systems COMMON 285661104 549 9,700SH 9,700 9,700
Enron Oil & Gas COMMON 293562104 2,905 143,500SH 143,500 143,500
Equitable Resources COMMON 294549100 2,114 56,000SH 56,000 56,000
GTE Corp. COMMON 362320103 1,706 22,600SH 22,600 22,600
Gannett Co. COMMON 364730101 335 4,700SH 4,700 4,700
Great Lakes Chemical COMMON 390568103 175 3,800SH 3,800 3,800
H&R Block COMMON 093671105 260 5,200SH 5,200 5,200
Hon Industries COMMON 438092108 309 10,600SH 10,600 10,600
JC Penney COMMON 708160106 306 6,300SH 6,300 6,300
Johnson & Johnson COMMON 478160104 402 4,100SH 4,100 4,100
Jostens Inc. COMMON 481088102 2,464 117,000SH 117,000 117,000
LSI Logic COMMON 502161102 480 10,400SH 10,400 10,400
Luby's Cafeteria COMMON 549282101 1,149 76,600SH 76,600 76,600
Mitchell Energy Cl B COMMON 606592301 1,837 100,000SH 100,000 100,000
Nalco Chemical COMMON 629853102 322 6,200SH 6,200 6,200
Nestle ADR COMMON 641069406 540 6,000SH 6,000 6,000
Noble Affiliates COMMON 654894104 1,268 45,000SH 45,000 45,000
Norfolk Southern COMMON 655844104 207 6,900SH 6,900 6,900
PNC Bank Corp. COMMON 693475105 253 4,400SH 4,400 4,400
Phillips Petroleum COMMON 718507106 1,006 20,000SH 20,000 20,000
Questar Corp. COMMON 748356102 2,731 142,800SH 142,800 142,800
SAFECO COMMON 786429100 1,059 24,000SH 24,000 24,000
Santa Fe Snyder COMMON 80218K105 1,476 184,500SH 184,500 184,500
Southwest Airlines COMMON 844741108 261 8,400SH 8,400 8,400
Southwest Energy COMMON 845467109 2,112 200,000SH 200,000 200,000
Texaco COMMON 881694103 1,247 20,000SH 20,000 20,000
Unocal Corp. COMMON 915289102 309 7,800SH 7,800 7,800
Utilicorp United COMMON 918005109 729 30,000SH 30,000 30,000
Weyerhaeuser Co. COMMON 962166104 275 4,000SH 4,000 4,000
Wisconsin Energy COMMON 976657106 752 30,000SH 30,000 30,000
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