UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHECULE 13F
FORM 13-F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 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
Signature, Place, and Date of Signing:
Terry Joel Adam Waco, Texas November 15, 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: 15
Form 13F Information Table Value Total:$ 7,177
List of Other Included Managers:
None
<TABLE> <C> <C>
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
AGRIOBIOTECH, INC. COMMON 008494106 49 12,300 SH SOLE 12,300
BELL MICRORPRODUCTS, INC. CLASS A 078137106 137 16,270 SH SOLE 16,270
BLOCK DRUG, INC. CLASS A 093644102 945 26,310 SH SOLE 26,310
FRANKLIN COVEY CO. COMMON 353469109 228 29,688 SH SOLE 29,688
LONE STAR STEAKHOUSE & SALOON COMMON 542307103 383 49,850 SH SOLE 49,850
LUBY'S CAFETERIAS, INC. COMMON 549282101 277 24,150 SH SOLE 24,150
MATRIX CAPITAL CORP COMMON 576819106 132 11,000 SH SOLE 11,000
NATIONAL AUTO CREDIT CENTER, I COMMON 632900106 736 931,845 SH SOLE 931,845
OLSTEN CORPORATION COMMON 681385100 1,465 140,396 SH SOLE 140,396
PERMIAN BASIN ROYALTY TRUST COMMON 714236106 76 13,024 SH SOLE 13,024
PHILIP MORRIS COMMON 718154107 340 9,950 SH SOLE 9,950
SBC COMMUNICATIONS, INC. COMMON 78387G103 215 4,230 SH SOLE 4,230
SAN JUAN BASIN ROYALTY TRUST COMMON 798241105 117 13,274 SH SOLE 13,274
ULTRAK, INC. COMMON 903898401 615 103,650 SH SOLE 103,650
WATTS INDUSTRIES COMMON 942749102 1,462 67,250 SH SOLE 67,250
</TABLE>
<TABLE> <C> <C>
</TABLE>
