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ALLIANZ OF AMERICA, INC.
FORM 13F
As of 06/30/99
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<CAPTION>
PRICE QUANTITY MARKET MARKET
CUSIP SYMBOL (UNITS) SECURITY NAME PRICE VALUE
----- ------ -------- ------------- ------ ------
<S> <C> <C> <C> <C> <C>
000886101 ADCT 533,500 ADC TELECOMMUNICATION INC. 45.563 24,307,861
00130H105 AES 1,067,000 AES CORP 58.125 62,019,375
030954101 AIT 534,290 AMERITECH CORPORATION 73.5 39,270,315
019512102 ALD 896,280 ALLIED SIGNAL INC. 63 56,465,640
025816109 AXP 158,800 AMERICAN EXPRESS COMPANY 130.125 20,663,850
026874107 AIG 576,180 AMERICAN INTERNATIONAL GROUP 117.25 67,557,105
031162100 AMGN 198,100 AMGEN Inc 60.875 12,059,338
038222105 AMAT 725,560 APPLIED MATERIALS INC. 73.875 53,600,745
038225108 APW 896,280 APPLIED POWER INC. 27.313 24,480,096
038336103 ATR 1,045,000 AptarGroup Inc. 30 31,350,000
038505103 ARDM 380,150 ARADIGM CORP 8.875 3,373,831
046008108 AFS 1,198,420 ASSOCIATES FIRST CAPITAL CORP 44.125 52,880,283
001957109 T 1,683,850 AT&T 55.813 93,980,720
053015103 AUD 1,749,880 AUTOMATIC DATA PROCESSING 44 76,994,720
060505104 BAC 539,902 BANK OF AMERICA CORPORATION 73.313 39,581,805
06423A103 ONE 469,480 BANK ONE CORPORATION 59.563 27,963,637
077853109 BEL 1,181,260 BELL ATLANTIC CORPORATION 65.375 77,224,873
084670207 BRK B 21,340 BERKSHIRE HATHAWAY INC CL B 2240 47,801,600
055622104 BPA 430,800 BP AMOCO PLC- SPONS ADR 108.5 46,741,753
110122108 BMY 1,576,400 BRISTOL-MYERS SQUIBB 70.438 111,038,463
122014103 BR 100,000 BURLINGTON RESOURCES 43.25 4,325,000
147528103 CASY 523,500 CASEY'S GENERAL STORES INC 15 7,852,500
152312104 CTX 859,480 CENTEX CORP 37.563 32,284,647
152342101 CNTO 376,920 CENTOCOR INCORPORATED 46.625 17,573,895
17275R102 CSCO 1,070,280 CISCO SYSTEMS INC. 64.438 68,966,703
172967101 C 1,682,325 CITIGROUP INC. 47.5 79,910,449
189054109 CLX 297,900 CLOROX COMPANY 106.813 31,819,593
191216100 KO 434,360 COCA-COLA COMPANY 62 26,930,320
218412104 CDD 534,870 CORDANT TECHNOLOGIES INC. 45.188 24,169,706
22160Q102 COST 832,260 COSTCO COMPANIES INC. 80.063 66,633,232
126650100 CVS 682,100 CVS CORPORATION 50.75 34,616,575
233044106 DBT 394,300 DBT ONLINE INC. 32.75 12,913,325
247025109 DELL 397,500 DELL COMPUTER CORPORATION 37 14,707,500
251893103 DV 491,050 DEVRY INC 22.375 10,987,244
284871100 EFCX 322,680 ELECTRIC FUEL COMPANY 1.656 534,358
518439104 EL 100,000 ESTEE LAUDER 50.125 5,012,500
302290101 XON 960,300 EXXON CORP. 77.125 74,063,138
313586109 FNM 695,350 FEDL NATIONAL MORTGAGE ASSN 68.25 47,457,638
318900107 FAM 661,540 FIRST AMERICAN CORP. - TENN 41.563 27,495,587
338915101 FLT 640,200 FLEET FINANCIAL GROUP INC 44.375 28,408,875
345370100 F 389,000 FORD MOTOR COMPANY 56.438 21,954,382
364730101 GCI 405,460 GANNETT CO 71.375 28,939,708
367626108 GTW 238,200 GATEWAY INC. 59.063 14,068,807
369604103 GE 1,259,060 GENERAL ELECTRIC CORP. 113 142,273,780
375766102 G 832,260 GILLETTE COMPANY 41 34,122,660
416592103 HLI 361,920 HARTFORD LIFE INC. 52.625 19,046,040
437076102 HD 1,408,440 HOME DEPOT INC. 64.438 90,757,057
443208103 HWM 113,800 HOWMET INTERNATIONAL INC. 17.188 1,955,994
446150104 HBAN 810,920 HUNTINGTON BANC 35 28,382,200
449370105 IDPH 403,800 IDEC PHARMACEUTICALS CORPORATION 77.063 31,118,039
452308109 ITW 635,800 ILLINOIS TOOL WORKS 81.75 51,976,650
452528102 IMNX 320,040 IMMUNEX CORPORATION 127.438 40,785,258
458140100 INTC 1,489,800 INTEL CORPORATION 59.5 88,643,100
459200101 IBM 693,560 INTERNATIONAL BUSINESS MACHINES CORP 129.25 89,642,630
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<TABLE>
<CAPTION>
PRICE QUANTITY MARKET MARKET
CUSIP SYMBOL (UNITS) SECURITY NAME PRICE VALUE
----- ------ -------- ------------- ------ ------
<S> <C> <C> <C> <C> <C>
478160104 JNJ 230,880 JOHNSON & JOHNSON 98 22,626,240
493267108 KEY 673,400 KEYCORP 32.125 21,632,975
524901105 LM 954,700 LEGG MASON INC. 38.5 36,755,950
524908100 LEH 356,580 LEHMAN BROS. 62.125 22,152,533
532457108 LLY 361,920 LILLY (ELI) & CO 71.625 25,922,520
549463107 LU 1,067,000 LUCENT TECHNOLOGIES, INC. 67.438 71,956,346
580037109 MDR 488,800 MCDERMOTT INTERNATIONAL INCORPORATED 28.25 13,808,600
580135101 MCD 1,166,900 MCDONALD'S CORPORATION 41.125 47,988,763
55268B106 WCOM 1,296,500 MCI WORLDCOM INC. 86.063 111,580,680
582834107 MEA 664,820 MEAD CORP 41.75 27,756,235
585055106 MDT 930,500 MEDTRONIC INC. 77.875 72,462,688
585509102 MEL 984,700 MELLON BANK CORP. 36.375 35,818,463
587342106 MTL 426,800 MERCANTILE BANCORPORATION 57.125 24,380,950
589331107 MRK 1,237,720 MERCK & CO. 73.625 91,127,135
590188108 MER 428,800 MERRILL LYNCH 79.5 34,089,600
595112103 MU 434,820 MICRON TECHNOLOGY INC. 40.5 17,610,210
594918104 MSFT 1,685,860 MICROSOFT CORPORATION 90.188 152,044,342
607059102 MOB 432,900 MOBIL CORPORATION 98.75 42,748,875
640517108 NPTH 193,500 NEOPATH INC. 3.875 749,813
665859104 NTRS 213,400 NORTHERN TRUST CORP. 97 20,699,800
670008101 NVLS 234,740 NOVELLUS SYSTEMS 68.25 16,021,005
676220106 ODP 802,400 OFFICE DEPOT INC 22.063 17,703,351
Y6476W104 OMM 942,300 OMI CORPORATION 2.063 1,943,494
681919106 OMC 1,122,220 OMNICOM GROUP 80 89,777,600
713448108 PEP 810,920 PEPSICO INC. 38.688 31,372,873
716597109 PGO 1,088,800 PETROLEUM GEO SERVICES A/S 14.875 16,195,900
717081103 PFE 742,660 PFIZER INC. 109 80,949,940
718154107 MO 864,790 PHILIP MORRIS COMPANIES, INC. 40.188 34,754,181
74005P104 PX 618,860 Praxair Inc. 48.938 30,285,771
742718109 PG 437,250 PROCTER & GAMBLE CO 89.25 39,024,563
74912E101 FLC 1,089,550 R & B FALCON CORPORATION 9.375 10,214,531
780257804 RD 979,800 ROYAL DUTCH PETRO-ADR 60.25 59,032,950
78462F103 SPY 35,105 S&P 500 DEPOSITARY RECEIPT 137 4,809,385
806605101 SGP 979,300 SCHERING-PLOUGH 52.5 51,413,250
806857108 SLB 971,500 SCHLUMBERGER LTD. 63.688 61,872,892
844730101 SOTR 460,680 SOUTHTRUST CORP 38.375 17,678,595
790849103 STJ 355,980 ST. JUDE MEDICAL INC. 35.625 12,681,788
857477103 STT 277,420 STATE STREET BANK 85.375 23,684,733
L8873E103 SCSWF 597,500 STOLT COMEX SEAWAY S.A. 10.875 6,497,813
866005101 SUB 618,860 SUMMIT BANCORP 41.813 25,876,393
866810104 SUNW 1,280,400 SUN MICROSYSTEMS INC. 68.875 88,187,550
882508104 TXN 362,780 TEXAS INSTRUMENTS INC. 144 52,240,320
902973106 USB 682,880 U.S. BANCORP 33.375 22,791,120
913017109 UTX 426,800 UNITED TECHNOLOGIES CORP 72 30,729,600
915289102 UCL 1,067,550 UNOCAL CORPORATION 39.625 42,301,669
91273H101 USW 322,380 US WEST COMMUNICATIONS GRP. 58.75 18,939,825
903293405 USG 608,200 USG CORP. 56 34,059,200
931142103 WMT 1,282,670 WAL MART STORES 48.25 61,888,828
931422109 WAG 973,200 WALGREEN CO 29.375 28,587,750
934488107 WLA 732,500 WARNER-LAMBERT CO 69.125 50,634,063
949746101 WFC 901,600 WELLS FARGO COMPANY - NEW 42.75 38,543,400
975515107 WCII 957,900 WINSTAR COMMUNICATIONS 48.75 46,697,625
982526105 WWY 234,740 WRIGLEY (WM.) JR. CO. 89.188 20,935,991
984332106 YHOO 234,740 YAHOO! INC 172.25 40,433,965
437076AE2 40,000,000 Home Depot Inc. 3.25% Conv. due 10/01 278.125 111,250,000
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<CAPTION>
PRICE QUANTITY MARKET MARKET
CUSIP SYMBOL (UNITS) SECURITY NAME PRICE VALUE
----- ------ -------- ------------- ------ ------
<S> <C> <C> <C> <C> <C>
432848AL3 HLT 13,000,000 HILTON HOTELS 5% 05/15/06, CONV BOND 90.75 11,797,500
78387G202 XTS 200,000 SBC COMM/TELMEX 7.75% CONVERT PFD 69 13,800,000
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