D L CARLSON INVESTMENT GROUP,
INC.
FORM 13F
June 30, 1999
Voting Authority
--------------------------
Value Shares/ Sh/
Put/ Invstmt Other
Name of Issuer Title of class CUSIP (x$1000) Prn Amt Prn
Call Dscretn Managers Sole Shared None
- ------------------------------ ---------------- --------- -------- -------- ---
- ---- ------- ------------ -------- -------- --------
AMR Corp csus 001765106 1297 19000 SH
Sole 19000
America Online csus 02364J104 1983 18025 SH
Sole 10375 7650
American Tel & Tel csus 001957109 1198 21470 SH
Sole 10156 11314
Anadarko Petroleum csus 032511107 2396 65100 SH
Sole 61400 3700
Annaly Mort Mgm Inc. csus 035710409 260 23100 SH
Sole 12700 10400
Arguss Holdings csus 040282105 202 10650 SH
Sole 10650
Bank One Corp csus 06423A103 4616 77491 SH
Sole 53414 24077
Bank of New York csus 064057102 3738 101900 SH
Sole 84900 17000
Bell Atlantic csus 077853109 277 4240 SH
Sole 766 3474
Benchmark Elec. csus 08160H101 4507 125400 SH
Sole 108700 16700
Berkshire Realty Co. csus 084710102 535 46300 SH
Sole 24800 21500
Bristol Myers Squibb csus 110122108 6346 90100 SH
Sole 79200 10900
Building One Services csus 120114103 555 40000 SH
Sole 40000
C3 Inc. csus 22942P109 1690 97950 SH
Sole 77000 20950
Cabletron Systems csus 126920107 3773 290200 SH
Sole 211900 78300
Chase Manhattan Bank csus 16161A108 5762 66615 SH
Sole 55700 10915
Cisco Systems csus 17275R102 746 11572 SH
Sole 1972 9600
Citigroup csus 172967101 3185 67060 SH
Sole 58750 8310
Coca Cola csus 191216100 274 4427 SH
Sole 1400 3027
Commerce Bank of NJ csus 200519106 933 21822 SH
Sole 16731 5091
Compaq Computer csus 204493100 2756 116339 SH
Sole 95700 20639
Cornerstone Realty csus 21922V102 1071 99650 SH
Sole 38700 60950
Cree Research csus 225447101 45516 591600 SH
Sole 407350 184250
Daimler-Chrysler csus D1668R123 4312 48455 SH
Sole 35804 12651
Delta Air Lines csus 247361108 5575 96744 SH
Sole 75076 21668
Du Pont csus 263534109 7260 106280 SH
Sole 77800 28480
Duke-Weeks Realty csus 264411505 406 18000 SH
Sole 4800 13200
Elder Beerman csus 284470101 197 27000 SH
Sole 27000
Emulex Corp csus 292475209 5254 47250 SH
Sole 47000 250
Ericsson, LM csus 294821400 2018 61280 SH
Sole 50330 10950
Exxon Corp csus 302290101 3183 41269 SH
Sole 20360 20909
FDX Corp. csus 31304N107 4416 81400 SH
Sole 62700 18700
Fairfield Community csus 304231301 1305 80950 SH
Sole 78500 2450
Felcor Lodging Trust csus 31430F101 380 18300 SH
Sole 6900 11400
First Washington Realty csus 337489504 1152 49275 SH
Sole 43600 5675
Ford Motor Co csus 345370100 3465 61400 SH
Sole 52000 9400
General Electric Co csus 369604103 5141 45499 SH
Sole 33650 11849
Greenpoint Financial csus 395384100 310 9450 SH
Sole 5450 4000
HRPT Properties Trust csus 40426W101 1145 74800 SH
Sole 66750 8050
Halliburton csus 406216101 3014 66600 SH
Sole 56200 10400
Healthcare REIT csus 42217K106 1517 65250 SH
Sole 44850 20400
Highwood REIT csus 431284108 499 18200 SH
Sole 6700 11500
Hospitality Prop Trust csus 44106M102 1724 63560 SH
Sole 52800 10760
Intel Corp csus 458140100 2228 37450 SH
Sole 31800 5650
Jabil Circuit csus 466313103 2227 49350 SH
Sole 48000 1350
Johnson & Johnson csus 478160104 1000 10200 SH
Sole 4750 5450
Koninklijke Philips Elec csus 500472105 5545 54970 SH
Sole 39054 15916
Lucent Technologies csus 549463107 6029 89408 SH
Sole 65006 24402
Marine Drilling Co csus 568240204 298 21800 SH
Sole 400 21400
MediaOne Group csus 58440J104 562 7552 SH
Sole 1200 6352
Merck & Co Inc csus 589331107 3020 41013 SH
Sole 14750 26263
Mexican Restaurants csus 59283r104 255 60000 SH
Sole 60000
Microsoft csus 594918104 451 5000 SH
Sole 5000
Mobil Corp csus 607059102 815 8250 SH
Sole 4050 4200
Noble Drilling csus 655042109 2029 103050 SH
Sole 91650 11400
Nortel Networks Corp. csus 656569100 621 7150 SH
Sole 2850 4300
Oracle csus 68389X105 308 8302 SH
Sole 675 7627
Peoples Heritage Financial Gro csus 711147108 3045 161852 SH
Sole 60242 101610
Pepsico Inc csus 713448108 207 5349 SH
Sole 1500 3849
Prime Retail csus 741570105 192 22125 SH
Sole 22000 125
Procter & Gamble csus 742718109 497 5565 SH
Sole 400 5165
Qualcomm Inc. csus 747525103 2762 19250 SH
Sole 14400 4850
Royal Dutch Petroleum csus 780257804 1297 21530 SH
Sole 7150 14380
SLI inc. csus 78442t108 556 20600 SH
Sole 20000 600
Siemens AG csus 826197402 2985 38700 SH
Sole 28250 10450
Southside Bancshares csus 844700104 1061 93790 SH
Sole 91290 2500
Storage USA csus 861907103 1501 46900 SH
Sole 41900 5000
Superior Energy csus 868157108 976 191650 SH
Sole 167700 23950
Town & Country Realty csus 892081100 1312 73400 SH
Sole 29750 43650
Transcoastal Marine csus 893537100 985 202000 SH
Sole 200000 2000
US Air Group csus 911905107 261 6000 SH
Sole 3000 3000
United Investors Realty Trust csus 910741107 445 54000 SH
Sole 54000
Varian Med Sys csus 92220p105 2748 108825 SH
Sole 84100 24725
Varian Semicon Eqp csus 922207105 1843 108425 SH
Sole 84100 24325
Vicor csus 925815029 953 45000 SH
Sole 45000
Washington Mutual csus 939322103 2117 59516 SH
Sole 46613 12903
Weatherford Intl. csus 947074100 3776 103100 SH
Sole 86400 16700
Woodhead Industries csus 979438108 502 41000 SH
Sole 41000
Zoltek csus 98975W104 212 26700 SH
Sole 20700 6000
Aetna 6.25% cv pfd C cpus 008117202 428 5770 SH
Sole 1500 4270
CNB Capital Trust 1 cpus 12613G207 1636 54200 SH
Sole 50000 4200
Comcast Exchangeable cpus 200300408 1080 12500 SH
Sole 12500
Felcor Suite cv pfd A cpus 314305202 492 24200 SH
Sole 23000 1200
REPORT SUMMARY 83 DATA RECORDS 205149 0
OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED