UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement
[ ] adds new holdings entries
Institutional Investment Manager Filing this Report:
Name: Gratry & Company
Business Address: 1375 East Ninth Street, Suite 1930
City: Cleveland
State: OH
Zip: 44114
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, and all
information contained herein is true, corret and complete, and
that it 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 managing:
Name: Jerome R. Gratry
Title: Managing Director
Phone: 216-589-9094
Signature, Place, and Date of Signing:
Jerome R. Gratry Cleveland, Ohio April 15, 1999
Report Type (Check only one.):
[ x ] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager: None
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 109
Form 13F Information Table Value Total: 351799
List of Other Included Managers: None
<PAGE>
<TABLE>
FORM 13F
INFORMATION TABLE
VALUE SHARES/ SH/
PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN
CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- ---
- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C>
<C> <C> <C> <C> <C> <C>
ABB AB Spon ADR (abbby) ADR 00256Q103 6053 486650 SH
SOLE 333245 153405
Aegon ADR ADR 007924103 350 3896 SH
SOLE 3896 0
Air Products & Chem. COM 009158106 529 15445 SH
SOLE 5225 10220
Akzo Nobel ADR (akzoy) ADR 010199305 6565 177427 SH
SOLE 119522 57905
Albertson's COM 013104104 277 5095 SH
SOLE 3170 1925
Alcatel ADR ADR 013904305 2793 122437 SH
SOLE 84657 37780
American Express COM 025816109 1926 16357 SH
SOLE 7767 8590
American Intl. Group COM 026874107 2595 21511 SH
SOLE 9445 12066
AMX Spanish Web ADR 92923H830 543 19868
SH SOLE 19868 0
Anadarko COM 032511107 351 9295 SH
SOLE 0 9295
Automatic Data Processing COM 053015103 825 19931 SH
SOLE 6821 13110
Axa ADR ADR 054536107 6939 104732 SH
SOLE 67987 36745
Banc One Corp. COM 06423A103 588 10670
SH SOLE 4680 5990
Banco Bilbao Viz ADR ADR 059458208 9580 652270 SH
SOLE 407516 244754
Bass Public LTD ADR ADR 069904209 2655 193073 SH
SOLE 120708 72365
Best Buy COM 086516101 616 11851 SH
SOLE 9451 2400
BP Amoco ADR ADR 055622104 10406 103033 SH
SOLE 65651 37382
Bristol Myers COM 110122108 403 6286 SH
SOLE 6166 120
British Airways ADR ADR 110419306 4045 58954 SH
SOLE 37159 21795
British Telecom ADR ADR 111021408 10809 65830 SH
SOLE 43705 22125
Broken Hill Prop ADR ADR 112169602 1654 95904 SH
SOLE 67513 28391
Cadbury Schwep. ADR ADR 127209302 7159 123308 SH
SOLE 79092 44216
Canon ADR (canny) ADR 138006309 7704 322690 SH
SOLE 211395 111295
Charter One Financial COM 160903100 407 14106 SH
SOLE 2381 11725
Cheung Kong ADR (cheuy) ADR 166744201 144 18855 SH
SOLE 11355 7500
Cintas Corp. COM 172908105 1240 18970 SH
SOLE 6230 12740
Cisco Systems COM 17275R102 3821 34875 SH
SOLE 11819 23056
Commerzbank AG ADR (crzby) ADR 202597308 1441 48230 SH
SOLE 19245 28985
Daimlerchrysler AG ORD ADR D1668R123 7772 90572 SH
SOLE 56777 33795
Deutsche Bank ADR (dtbky) ADR 251525309 3897 75539 SH
SOLE 52238 23301
Diageo PLC ADR ADR 25243Q205 5249 114739
SH SOLE 74588 40151
Eaton Corporation COM 278058102 931 13015 SH
SOLE 6825 6190
Electricidade de Portugal ADR ADR 268353109 3667 92688 SH
SOLE 59443 33245
Elf Aquitaine ADR ADR 286269105 5212 77428 SH
SOLE 54028 23400
Elsevier NW Spon ADR ADR 290259100 5269 175653 SH
SOLE 124791 50862
Endesa SA ADR ADR 29258N107 6601 265342 SH
SOLE 157107 108235
ENI SPA ADR ADR 26874R108 5784 91625 SH
SOLE 60140 31485
Ericsson ADR (ericy) ADR 294821400 6261 262917 SH
SOLE 154770 108147
Exxon COM 302290101 581 8229 SH
SOLE 8000 229
Fuji Photo ADR (fujiy) ADR 359586302 4706 125923 SH
SOLE 80923 45000
Gannett COM 364730101 1251 19859 SH
SOLE 11494 8365
General Electric COM 369604103 2777 25107 SH
SOLE 15977 9130
Glaxo Wellcome ADR ADR 37733W105 7557 112901 SH
SOLE 70775 42126
GTE Corp. COM 362320103 239 3957 SH
SOLE 2547 1410
Halliburton COM 406216101 303 7860 SH
SOLE 3960 3900
Hershey Foods Corp. COM 427866108 242 4315 SH
SOLE 3180 1135
Hewlett Packard COM 428236103 2236 32968
SH SOLE 12504 20464
Hitachi ADR ADR 433578507 2028 27880 SH
SOLE 17635 10245
Home Depot COM 437076102 1056 16957 SH
SOLE 2472 14485
Honda Motor ADR ADR 438128308 371 4160
SH SOLE 3655 505
HSBC Hldgs Plc ADR (hsbhy) ADR 404280307 10234 32661 SH
SOLE 21294 11367
IBM COM 459200101 248 1400 SH
SOLE 1400 0
ING Groep N V Spon ADR ADR 456837103 4719 85911 SH
SOLE 55273 30638
Intel COM 458140100 2250 18931 SH
SOLE 9431 9500
International Paper COM 460146103 701 16628 SH
SOLE 11683 4945
Invacare COM 461203101 362 14910 SH
SOLE 7630 7280
Ito Yokado ADR (iycoy) ADR 465714301 3737 56248 SH
SOLE 30703 25545
J.P. Morgan COM 616880100 910 7375 SH
SOLE 2110 5265
Johnson & Johnson COM 478160104 907 9705 SH
SOLE 3195 6510
Johnson Controls COM 478366107 1283 20567 SH
SOLE 11092 9475
Keycorp COM 493267108 590 19476 SH
SOLE 17395 2081
Konink Ahold Spon ADR ADR 500467303 10982 287118 SH
SOLE 180474 106644
Kyocera ADR ADR 501556203 1435 27272 SH
SOLE 15336 11936
Lowes Companies Inc. COM 548661107 569 9409 SH
SOLE 7859 1550
Lucent Tech COM 549463107 3150 29168 SH
SOLE 11295 17873
LVMH ADR (lvmhy) ADR 502441207 4515 91900 SH
SOLE 58835 33065
Mannesman ADR (mnnsy) ADR 563775303 13984 109939 SH
SOLE 74109 35830
Matsushita Elec. ADR ADR 576879209 342 1767 SH
SOLE 809 958
McDonalds Corp COM 580135101 311 6860
SH SOLE 4840 2020
Merck & Company COM 589331107 2585 32266
SH SOLE 16645 15621
Minn Mining Mfg. COM 604059105 1129 15952 SH
SOLE 7907 8045
Morgan Stan Dean Witter COM 617446448 1047 10475 SH
SOLE 4885 5590
Motorola COM 620076109 952 12990 SH
SOLE 4390 8600
Nestle Sponsored ADR (nsrgy) ADR 641069406 7845 86348 SH
SOLE 58768 27580
Newell Rubbermaid Inc. COM 651192106 611 12870 SH
SOLE 4785 8085
Nippon Telegraph ADR ADR 654624105 4876 100032 SH
SOLE 65037 34995
Norsk Hydro ADR ADR 656531605 1371 33945
SH SOLE 26340 7605
Novartis AG ADR (nvtsy) ADR 66987V109 8719 107665 SH
SOLE 68759 38906
PepsiCo COM 713448108 302 7710 SH
SOLE 5655 2055
Procter & Gamble COM 742718109 1265 12915 SH
SOLE 4325 8590
Rank Group ADR (ranky) ADR 753037100 146 18817 SH
SOLE 18005 812
Repsol Sponsored ADR ADR 76026T205 522 10179 SH
SOLE 9074 1105
Rhone Poulenc ADR ADR 762426609 8179 185881 SH
SOLE 119346 66535
Roche ADR (rohhy) ADR 771195104 6964 57219 SH
SOLE 33947 23272
Schering Plough COM 806605101 2376 43008
SH SOLE 16723 26285
Schlumberger COM 806857108 1303 21657 SH
SOLE 12432 9225
Siemens A.G. ADR (smawy) ADR 826197402 5946 89410 SH
SOLE 59904 29506
Smithkline ADR A ADR 832378301 256 3580 SH
SOLE 3250 330
Sony Corp ADR ADR 835699307 8966 98186 SH
SOLE 63400 34786
Steris COM 859152100 429 16120 SH
SOLE 2230 13890
Stryker Corp COM 863667101 847 16800 SH
SOLE 6695 10105
Sysco Corp COM 871829107 410 15563 SH
SOLE 10443 5120
TDK Corp ADR ADR 872351408 6473 80165 SH
SOLE 54640 25525
Telecom Italia ADR ADR 87927W106 12342 118243 SH
SOLE 76816 41427
Telefonica ADR ADR 879382208 9452 73992
SH SOLE 45845 28147
Texas Instruments COM 882508104 1338 13479 SH
SOLE 7479 6000
Tokio Marine ADR (tkioy) ADR 889090403 1892 33702 SH
SOLE 20397 13305
Tomkins Spon ADR ADR 890030208 2392 160785 SH
SOLE 102480 58305
Total Sponsored ADR ADR 89151E109 4104 67274 SH
SOLE 38269 29005
Toyota Motor ADR (toyoy) ADR 892331307 3433 59960 SH
SOLE 33665 26295
TRW Inc. COM 872649108 489 10745 SH
SOLE 3755 6990
Unilever Spon ADR ADR 904784501 518 7802 SH
SOLE 5180 2622
Vivendi Sponsored ADR (vvdiy) ADR 92851S105 5852 119046 SH
SOLE 79906 39140
Wal-Mart COM 931142103 1186 12860 SH
SOLE 1640 11220
Warner Lambert COM 934488107 453 6840
SH SOLE 0 6840
Westpac Bank ADR ADR 961214301 4013 110155 SH
SOLE 71280 38875
Willamette Inds. COM 969133107 299 7925 SH
SOLE 1450 6475
Williams Cos. COM 969457100 1610 40760 SH
SOLE 24472 16288
WMC Limited ADR ADR 928947100 1271 98693
SH SOLE 68798 29895
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