UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13-F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 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: Academy Capital Management, Inc.
Address: 500 North Valley Mills Drive
Suite 208
Waco, Texas 76710
13F File Number: 28-05974
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 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 Manager:
Name: Terry Joel Adam
Title: President
Phone: 254-751-0555
Terry Joel Adam Waco, Texas August 13, 1999
Report Type (Check only one.):
[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 EXCHANGE
ACT OF 1934.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 19
Form 13F Information Table Value Total: $ 9,237
List of Other Included Managers:
None
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FORM 13F INFORMATION TABLE
TITLE OF VALUE SHARES/ SH/ PUT/ INVST OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRT MGRS SOLE SHARED NONE
- ------------------------------ -------- --------- -------- -------- --- ---- ------- ----- -------- -------- --------
ATT COMMON 001957109 213 3,861 SH SOLE 3,861
AGRIOBIOTECH, INC. COMMON 008494106 75 12,300 SH SOLE 12,300
BELL MICROPRODUCTS, INC. CLASS A 078137106 114 16,520 SH SOLE 16,520
BLOCK DRUG, INC. CLASS A 093644102 1,144 27,445 SH SOLE 27,445
FRANKLIN COVEY CO. COMMON 353469109 222 30,087 SH SOLE 30,087
ILLINOVA COMMON 452317100 208 7,650 SH SOLE 7,650
LAIDLAW, INC. COMMON 50730K503 241 41,600 SH SOLE 41,600
LONE STAR STEAKHOUSE & SALOON COMMON 542307103 605 62,300 SH SOLE 62,300
LUBY'S CAFETERIAS, INC. COMMON 549282101 361 24,050 SH SOLE 24,050
MATRIX CAPITAL CORP. COMMON 576819106 208 14,839 SH SOLE 14,839
NATIONAL AUTO CREDIT CENTER, I COMMON 632900106 985 974,845 SH SOLE 974,845
NOVACARE CORPORATION COMMON 669930109 558 372,172 SH SOLE 372,172
OLSTEN COPORATION COMMON 681385100 1,021 161,696 SH SOLE 161,696
PERMIAN BASIN ROYALTY TRUST COMMON 714236106 55 13,024 SH SOLE 13,024
PHILIP MORRIS CO., INC. COMMON 718154107 400 9,950 SH SOLE 9,950
SBC COMMUNICATIONS, INC. COMMON 78387G103 245 4,230 SH SOLE 4,230
SAN JUAN BASIN ROYALTY COMMON 798241105 108 13,274 SH SOLE 13,274
ULTRAK, INC. COMMON 903898401 655 111,450 SH SOLE 111,450
WATTS INDUSTRIES COMMON 942749102 1,819 94,825 SH SOLE 94,825
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