FORM 13F COVER PAGE September 30, 1999
Institutional Investment Manager Filing this Report:
Name: Johnson Asset Management
Address: 4041 N. Main Street
Racine, WI 53402
13F File Number: 801-25520
CIK: 0001034538
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, 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: Wendell L. Perkins
Title: Sr. Vice President
Phone: (414) 681-4622
Signature, Place, and Dated of Signing:
Wendell L. Perkins Racine, WI August 3, 1999
Report Type: [x] 13F Holding Report
I am Signing this report as required by the Securities Exchange
Act of 1934.
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FORM 13F SUMMARY
Number of other managers: 0
Form 13F Information Table Entry Total: 186
Form 13F Information Table Value Total: $317,000
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FORM 13 F INFORMATION TABLE
NAME OF ISSUER CLASS CUSIP VALUE SHARES SH/CALL DSCRETN OTHERS SOLE
A G Edwards Inc COM 281760108 135770 3,580,934 sh SOLE 3,580,934
Aaron Rents INC COM 002535201 43400 748,650 sh SOLE 748,650
Abbott Laboratories COM 002824100 9500 348,531 sh SOLE 348,531
Acorn International COM 004851200 8007.46 209,635 sh SOLE 209,635
Actel Corp COM 004934105 32400 615,600 sh SOLE 615,600
Adac Labs COM 005313200 32100 314,981 sh SOLE 314,981
Adobe Systems COM 00724F101 39830 4,520,705 sh SOLE 4,520,705
Albertsons Inc. COM 013104104 89976.1 3,559,679 sh SOLE 3,559,679
Alexander & Baldwin Inc COM 014482103 31400 749,675 sh SOLE 749,675
Allstate Corporation COM 020002101 140260 3,497,734 sh SOLE 3,497,734
Alltel Corp COM 020039103 20700 1,456,763 sh SOLE 1,456,763
American Home Products COM 026609107 9600 398,400 sh SOLE 398,400
American Power Conversion COM 029066107 14000 266,000 Sh SOLE 266,000
Ametek, Inc. COM 031100100 32900 651,831 sh SOLE 651,831
Amsouth Bancorp COM 032165102 145673 3,414,211 sh SOLE 3,414,211
Andrew Corp COM 034425108 37980 659,903 sh SOLE 659,903
Apple Computer COM 037833100 58310 3,691,752 sh SOLE 3,691,752
Arctic Cat COM 039670104 67800 648,338 sh SOLE 648,338
Arrow International Inc COM 042764100 24100 616,056 sh SOLE 616,056
Arvin Industries COM 043339100 19600 606,375 sh SOLE 606,375
Associated Banc Corp. COM 045487105 12537 453,683 sh SOLE 453,683
AT&T COM 001957109 7837 340,910 sh SOLE 340,910
Atlantic Richfield COM 048825103 18810 1,667,036 sh SOLE 1,667,036
Bandag COM 059815100 16600 531,200 sh SOLE 531,200
Banta Corp. COM 066821109 27600 615,825 sh SOLE 615,825
Barnes Group Inc COM 067806109 26500 531,656 sh SOLE 531,656
Barra Inc COM 068313105 22600 474,600 sh SOLE 474,600
Becton Dickinson COM 075887109 131890 3,701,163 sh SOLE 3,701,163
Bell Atlantic Corp. COM 077853109 100824 6,786,716 sh SOLE 6,786,716
Bell South Corp COM 079860102 74980 3,374,100 sh SOLE 3,374,100
BestFoods COM 08658U101 4480 217,560 sh SOLE 217,560
Borg Warner Automotive COM 099724106 4800 206,400 sh SOLE 206,400
BP Amoco PLC - spon Adr COM 055622104 3703 410,339 sh SOLE 410,339
Bristol-Myers Squibb COM 110122108 13936 940,680 sh SOLE 940,680
Brown Shoe Company, Inc. COM 115736100 35000 640,938 sh SOLE 640,938
Buffets Inc COM 119882108 64600 750,975 sh SOLE 750,975
Capital Re COM 140432105 32800 328,000 sh SOLE 328,000
C-Cube Microsystems COM 125015107 14600 635,100 sh SOLE 635,100
Centex Construction Products COM 15231R109 18100 671,963 sh SOLE 671,963
CenturyTel Inc COM 156700106 134380 5,459,188 sh SOLE 5,459,188
Chase Cap VII COM 16147M200 40000 905,000 sh SOLE 905,000
Chase Manhattan COM 16161A108 14970 1,128,364 sh SOLE 1,128,364
Chittenden COM 170228100 22600 644,100 sh SOLE 644,100
Clarcor Inc COM 179895107 38800 652,325 sh SOLE 652,325
Coastal Corp COM 190441105 89650 3,670,047 sh SOLE 3,670,047
Colgate-Palmolive Co COM 194162103 5600 256,200 sh SOLE 256,200
Colonial Banc Group A COM 195493309 54800 613,075 sh SOLE 613,075
Columbia HCA Healthcare Corp COM 197677107 76600 1,622,963 sh SOLE 1,622,963
Comerica, Inc. COM 200340107 32450 1,642,781 sh SOLE 1,642,781
Commerce Bancshares COM 200525103 11300 399,738 sh SOLE 399,738
Commercial Intertech Corp COM 201709102 36100 435,456 sh SOLE 435,456
Communications Sys Inc COM 203900105 17800 206,925 sh SOLE 206,925
Compaq Computer COM 204493100 107970 2,469,814 sh SOLE 2,469,814
Compass Bancshares COM 20449H109 63375 1,584,375 sh SOLE 1,584,375
Computer Assoc Intl Inc COM 204912109 35260 2,155,268 sh SOLE 2,155,268
Computer Task Group Inc COM 205477102 35300 520,675 sh SOLE 520,675
Comsat Corp. COM 20564D107 45670 1,352,974 sh SOLE 1,352,974
ConAgra COM 205887102 194170 4,380,961 sh SOLE 4,380,961
Conseco Inc COM 208464107 81910 1,556,290 sh SOLE 1,556,290
Cooper Industries Inc. COM 216669101 14750 689,563 sh SOLE 689,563
Cordant Technologies Inc. COM 218412104 18500 563,094 sh SOLE 563,094
Corvel Corp. COM 221006109 30200 664,400 sh SOLE 664,400
Countrywide Credit Indus., COM 222372104 108780 3,508,155 sh SOLE 3,508,155
Dallas Semiconductor COM 235204104 13500 721,406 sh SOLE 721,406
Dell Computer COM 247025109 11600 485,025 sh SOLE 485,025
Delphi Financial Group COM 247131105 11437 345,254 sh SOLE 345,254
Deluxe Corp. COM 248019101 104700 3,559,800 sh SOLE 3,559,800
Dentsply International Inc. COM 249030107 30400 691,600 sh SOLE 691,600
Department 56 Inc. COM 249509100 25700 615,194 sh SOLE 615,194
Dexter Corp COM 252165105 17800 664,163 sh SOLE 664,163
Donnelley (RR) & Sons COM 257867101 148540 4,289,093 sh SOLE 4,289,093
Dow Chemical COM 260543103 33800 3,840,525 sh SOLE 3,840,525
DSP Group Inc COM 23332B106 16000 638,000 sh SOLE 638,000
DTE Energy Company COM 233331107 100290 3,648,049 sh SOLE 3,648,049
Dun & Bradstreet Corp. New COM 26483B106 120720 3,606,510 sh SOLE 3,606,510
DuPont COM 263534109 41580 2,515,590 sh SOLE 2,515,590
Dura Automotive Systems, inc. COM 265903104 8550 205,734 sh SOLE 205,734
Eastern Enterprises COM 27637F100 19600 910,175 sh SOLE 910,175
Eastman Kodak COM 277461109 73475 5,556,547 sh SOLE 5,556,547
Edison International COM 281020107 48200 1,171,863 sh SOLE 1,171,863
EOG Resources Inc. COM 26875P101 19400 412,250 sh SOLE 412,250
Everest Re COM 299808105 8600 204,788 sh SOLE 204,788
Exxon Corp. COM 302290101 3536 268,736 sh SOLE 268,736
Ferro Corp COM 315405100 28300 603,144 sh SOLE 603,144
Firstar Funds Inc Microcap COM 337938856 33424.8 679,527 sh SOLE 679,527
Fleet Boston Corp. COM 33901A108 97540 3,572,403 sh SOLE 3,572,403
FMC Corporation COM 302491303 59040 2,848,680 sh SOLE 2,848,680
FNB Corp / PA COM 302520101 18235 442,199 sh SOLE 442,199
Ford Motor COM 345370100 111027 5,579,107 sh SOLE 5,579,107
FPL Group, Inc. COM 302571104 13800 695,175 sh SOLE 695,175
General Electric COM 369604103 8466 1,003,750 sh SOLE 1,003,750
Global Crossing Ltd. COM G3921A100 61131 1,619,972 sh SOLE 1,619,972
GTE Corp. COM 362320103 2750 211,406 sh SOLE 211,406
Hannaford Brothers Co COM 410550107 10800 760,725 sh SOLE 760,725
Harleysville Group COM 412824104 30700 431,719 sh SOLE 431,719
Harris COM 413875105 121250 3,349,531 sh SOLE 3,349,531
Harsco COM 415864107 27200 751,400 sh SOLE 751,400
Herbalife International COM 426908307 70300 1,014,956 sh SOLE 1,014,956
Intel Corp COM 458140100 32560 2,419,615 sh SOLE 2,419,615
International Business Machs COM 459200101 21320 2,579,720 sh SOLE 2,579,720
Intuit Inc. COM 461202103 12100 1,060,641 sh SOLE 1,060,641
ITT Industries, Inc. COM 450911102 11600 369,025 sh SOLE 369,025
J & J Snack Foods Corp. COM 466032109 22000 434,500 sh SOLE 434,500
Johnson & Johnson COM 478160104 4800 441,000 sh SOLE 441,000
Johnson Controls COM 478366107 87110 5,776,482 sh SOLE 5,776,482
Kerr McGee COM 492386107 16300 897,519 sh SOLE 897,519
KeyCorp COM 493267108 127170 3,282,576 sh SOLE 3,282,576
Knight-Ridder COM 499040103 45750 2,516,250 sh SOLE 2,516,250
Lehman Bros. Holding, Inc. COM 524908100 13800 805,575 sh SOLE 805,575
Litton Industries COM 538021106 61700 3,378,075 sh SOLE 3,378,075
Lockheed Martin Corporation COM 539830109 19570 639,694 sh SOLE 639,694
Louis Dreyfus Natural Gas COM 546011107 11800 252,963 sh SOLE 252,963
Lucent Technologies COM 549463107 6664 432,327 sh SOLE 432,327
Mattel, Inc. COM 577081102 153470 2,915,930 sh SOLE 2,915,930
Maxxim Medical Inc COM 57777G105 23500 562,531 sh SOLE 562,531
Mellon Bank Corp COM 585509102 24500 823,813 sh SOLE 823,813
Merck & Co. COM 589331107 87934 5,699,222 sh SOLE 5,699,222
Microsoft COM 594918104 2400 217,350 sh SOLE 217,350
Milacron Inc. COM 598709103 29700 527,175 sh SOLE 527,175
Minnesota Min'g/Mfg COM 604059105 3964 380,792 sh SOLE 380,792
Mobil Corp COM 607059102 3280 330,460 sh SOLE 330,460
Morgan J P & Co COM 616880100 35250 4,027,313 sh SOLE 4,027,313
Morgan Keegan Inc. COM 617410105 27500 469,219 sh SOLE 469,219
Myers Industries Inc. COM 628464109 27830 493,983 sh SOLE 493,983
Northrop Grumman COM 666807102 75530 4,800,876 sh SOLE 4,800,876
Novell Inc COM 670006105 151460 3,133,329 sh SOLE 3,133,329
NSTAR COM 67019E107 10113 393,143 sh SOLE 393,143
Ocean Energy Inc. COM 67481E106 81200 827,225 sh SOLE 827,225
OfficeMax Inc COM 67622M108 70300 408,619 sh SOLE 408,619
Ogden Corp COM 676346109 26500 274,938 sh SOLE 274,938
Old Republic Intl Corp COM 680223104 256080 3,697,155 sh SOLE 3,697,155
Oracle Corp COM COM 68389X105 30984 1,409,772 sh SOLE 1,409,772
Penney, J C COM 708160106 15100 520,950 sh SOLE 520,950
Personnel Group of America COM 715338109 47400 296,250 sh SOLE 296,250
Pfizer COM 717081103 12300 441,263 sh SOLE 441,263
Phillips Petroleum COM 718507106 107660 5,248,425 sh SOLE 5,248,425
Pinnacle West Capital COM 723484101 109780 3,993,248 sh SOLE 3,993,248
Pittston Brink's Group COM 725701106 22900 530,994 sh SOLE 530,994
PNC Bank Corp. COM 693475105 88740 4,675,489 sh SOLE 4,675,489
Progress Software Corp COM 743312100 19300 605,538 sh SOLE 605,538
Pxre Group Limited COM G73018106 27200 396,100 sh SOLE 396,100
Questar Corp COM 748356102 29500 534,688 sh SOLE 534,688
Ralcorp Holdings Inc COM 751028101 39500 698,656 sh SOLE 698,656
Regal Beloit COM 758750103 32700 678,525 sh SOLE 678,525
ReliaStar Financial COM 75952U103 95330 3,169,723 sh SOLE 3,169,723
Riggs National COM 766570105 14900 251,438 sh SOLE 251,438
Robertson St Emerging GRW A COM 770648202 9648.27 357,179 sh SOLE 357,179
Ryland Group Inc COM 783764103 28900 657,475 sh SOLE 657,475
Santa Fe Snyder Corp COM 80218K105 37100 333,900 sh SOLE 333,900
Sara Lee Corp COM 803111103 189814 4,436,902 sh SOLE 4,436,902
Sears, Roebuck COM 812387108 132588 4,159,949 sh SOLE 4,159,949
SLM HLDS CORP COM COM 78442A109 5250 225,750 sh SOLE 225,750
Smith (A.O.) COM 831865209 10000 302,500 sh SOLE 302,500
Springs Indust COM 851783100 17600 597,300 sh SOLE 597,300
Sprint COM 852061100 109720 5,952,310 sh SOLE 5,952,310
SPS Technologies Inc COM 784626103 15300 580,444 sh SOLE 580,444
Standex International Corp COM 854231107 15800 426,600 sh SOLE 426,600
Sterling Software Inc COM 859547101 46500 930,000 sh SOLE 930,000
Summit Bancorp COM 866005101 142790 4,631,751 sh SOLE 4,631,751
Sun Microsystems COM 866810104 3000 279,000 sh SOLE 279,000
Sunoco Inc COM 86764P109 95550 2,615,681 sh SOLE 2,615,681
SuperValu, Inc COM 868536103 248580 5,484,296 sh SOLE 5,484,296
Symantec Corporation COM 871503108 17100 615,066 sh SOLE 615,066
Synopsys COM 871607107 8000 449,250 sh SOLE 449,250
Tenn Valley Auth - Series D COM 880591300 40000 925,000 sh SOLE 925,000
TNP Enterprises Inc COM 872594106 20100 782,644 sh SOLE 782,644
Trinity Industries Inc COM 896522109 19800 611,325 sh SOLE 611,325
TRW, Inc COM 872649108 4240 210,940 sh SOLE 210,940
U S West Inc. COM 91273H101 108380 6,184,434 sh SOLE 6,184,434
UGI Corp COM 902681105 31000 720,750 sh SOLE 720,750
UMB Financial Corporation COM 902788108 15700 655,475 sh SOLE 655,475
Unifirst Corp COM 904708104 24000 330,000 sh SOLE 330,000
Unilever COM 904784709 10178 693,376 sh SOLE 693,376
Unionbancal Corp COM 908906100 137710 4,991,988 sh SOLE 4,991,988
Universal Corp - VA COM 913456109 24900 650,513 sh SOLE 650,513
Unocal Corp COM 915289102 89020 3,299,304 sh SOLE 3,299,304
USBANCORP Inc-PA COM 917292104 29600 399,600 sh SOLE 399,600
USX-Marathon Group COM 902905827 124530 3,642,503 sh SOLE 3,642,503
V F Corp COM 918204108 119200 3,695,200 sh SOLE 3,695,200
Watson Pharmaceuticals COM 942683103 130525 3,989,170 sh SOLE 3,989,170
Wellpoint Health Networks COM 94973H108 78370 4,467,090 sh SOLE 4,467,090
West Pharmaceutical Services COM 955306105 14300 542,506 sh SOLE 542,506
Xircom COM 983922105 15700 670,194 sh SOLE 670,194
XL Capital LTD Class A COM G98255105 74482.5 3,351,713 Sh SOLE 3,351,713
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