FORM 13F COVER PAGE
Reporting for the Quarter Ended: March 31, 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 April 21, 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: 172
Form 13F Information Table Value Total: $304,051
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FORM 13 F INFORMATION TABLE
NAME OF ISSUER CLASS CUSIP VALUE SHARES SH/ CALL DSCRETN OTHERS SOLE
Aaron Rents Inc. COM 002535201 521 33400 SH CALL SOLE 33400
Abbott Laboratories COM 002824100 3988 85210 SH CALL SOLE 85210
Adac Labs COM 005313200 438 32200 SH CALL SOLE 32200
Albertson Inc. COM 013104104 484 8900 SH CALL SOLE 8900
Aliant Communication COM 016090102 642 15700 SH CALL SOLE 15700
Allstate Corporation COM 020002101 325 8780 SH CALL SOLE 8780
Alltel Corp COM 020039103 1521 24400 SH CALL SOLE 24400
AMBAC Inc. COM 023139108 4330 80200 SH CALL SOLE 80200
American Business COM 024763104 355 25400 SH CALL SOLE 25400
American Home Product COM 026609107 626 9600 SH CALL SOLE 9600
American National Insur. COM 028591105 504 7550 SH CALL SOLE 7550
American Stores COM 030096101 2118 64200 SH CALL SOLE 64200
Ametek Inc. COM 031100100 591 32400 SH CALL SOLE 32400
Amgen COM 031162100 5046 67400 SH CALL SOLE 67400
Amsouth Bancorp COM 032165102 1085 23850 SH CALL SOLE 23850
Andrew Corp COM 034425108 711 57800 SH CALL SOLE 57800
Arctic Cat COM 039670104 677 68200 SH CALL SOLE 68200
Arrow International Inc. COM 042764100 523 24300 SH CALL SOLE 24300
Arvin Industries COM 043339100 609 18100 SH CALL SOLE 18100
Associated Banc Corp. COM 045487105 400 12537 SH CALL SOLE 12537
Associates First CapitalA COM 046008108 1621 36033 SH CALL SOLE 36033
AT&T COM 001957109 408 5113 SH CALL SOLE 5113
Atlantic Richfield COM 048825103 6339 86700 SH CALL SOLE 86700
Avondale Industries In COM 054350103 619 21000 SH CALL SOLE 21000
Bank of New York COM 064057102 233 6500 SH CALL SOLE 6500
Bank Boston Corporation COM 06605R106 216 5000 SH CALL SOLE 5000
Barnes Group COM 067806109 371 19800 SH CALL SOLE 19800
Barra Inc. COM 068313105 561 22800 SH CALL SOLE 22800
BEC Energy COM 05538M101 1025 27900 SH CALL SOLE 27900
Becton Dickinson COM 075877109 5049 131800 SH CALL SOLE 131800
Bell Atlantic Corp COM 077853109 6683 129304 SH CALL SOLE 129304
Bell South Corp COM 079860102 324 8100 SH CALL SOLE 8100
Best Foods COM 08658U101 210 4480 SH CALL SOLE 4480
Black & Decker COM 091797100 2295 41400 SH CALL SOLE 41400
Block Drug Company CL A COM 093644102 212 5195 SH CALL SOLE 5195
Blount International Inc COM 095177101 476 16500 SH CALL SOLE 16500
Boole & Babbage COM 098586100 481 20050 SH CALL SOLE 20050
BP Amoco PlC-spon Adr COM 055622104 394 3901 SH CALL SOLE 3901
Bristol-Myers Squibb COM 110122108 2323 36236 SH CALL SOLE 36236
Brown Forman Corp Class B COM 115637209 2057 35700 SH CALL SOLE 35700
Brown Group Inc COM 115657108 274 20800 SH CALL SOLE 20800
Buffets Inc. COM 119882108 522 52900 SH CALL SOLE 52900
Burlington Northern/Sante COM 12189T104 238 7248 SH CALL SOLE 7248
Capital Re COM 140432105 569 33000 SH CALL SOLE 33000
Centex Construction COM 15231R109 529 15200 SH CALL SOLE 15200
Chase Manhattan COM 16161A108 1440 17700 SH CALL SOLE 17700
Chittenden COM 170228100 608 22800 SH CALL SOLE 22800
Chronimed COM 171164106 291 48800 SH CALL SOLE 48800
Cisco Systems Inc. COM 17275R102 1798 16412 SH CALL SOLE 16412
Citigroup COM 172967101 814 12750 SH CALL SOLE 12750
Clarcor Inc. COM 179895107 279 16400 SH CALL SOLE 16400
Colgate-Palmolive Co. COM 194162103 257 2800 SH CALL SOLE 2800
Colonial Banc Group A COM 195493309 661 55100 SH CALL SOLE 55100
Comerica Inc. COM 200340107 2175 34850 SH CALL SOLE 34850
Commerce Bancshares COM 200525103 474 12334 SH CALL SOLE 12334
Commercial Intertech Corp COM 201709102 271 24400 SH CALL SOLE 24400
Compaq Computer COM 204493100 2449 77300 SH CALL SOLE 77300
Compass Bancshares COM 20449H109 915 26550 SH CALL SOLE 26550
Computer Assoc Intl Inc COM 204912109 2085 58650 SH CALL SOLE 58650
Comsat Corp COM 20564D107 1522 52600 SH CALL SOLE 52600
ConAgra COM 205887102 2221 86679 SH CALL SOLE 86679
Coors Adolph Co. COM 217016104 669 12400 SH CALL SOLE 12400
Cordant Technologies Inc. COM 218412104 740 18600 SH CALL SOLE 18600
Corvel Corp COM 221006109 328 9200 SH CALL SOLE 9200
CTS Corp COM 126501105 706 14300 SH CALL SOLE 14300
Dallas Semiconductor COM 235204104 544 14100 SH CALL SOLE 14100
Datascope Corp COM 238113104 480 17800 SH CALL SOLE 17800
Dell Computer COM 247025109 2898 70900 SH CALL SOLE 70900
Delphi Financial Group COM 247131105 383 11312 SH CALL SOLE 11312
Deluxe Corp COM 248019101 2784 95600 SH CALL SOLE 95600
Dentsply International Inc COM 249030107 551 23700 SH CALL SOLE 23700
Donnelley (RR) & Sons COM 257867101 3717 115500 SH CALL SOLE 115500
Dow Chemical COM 260543103 3270 35100 SH CALL SOLE 35100
DSP Group Inc COM 23332B106 470 32000 SH CALL SOLE 32000
DTE Energy Company COM 233331107 3659 95200 SH CALL SOLE 95200
Dun & Bradstreet Corp New COM 26483B106 4784 134300 SH CALL SOLE 134300
DuPont COM 263534109 3052 52580 SH CALL SOLE 52580
Dura Automotive Systems COM 265903104 306 10852 SH CALL SOLE 10582
Eastman Kodak COM 277461109 209 3285 SH CALL SOLE 3285
EMC Corp COM 268648102 8067 63150 SH CALL SOLE 63150
EMPI Inc COM 291586105 423 19600 SH CALL SOLE 19600
Everest Re COM 299808105 268 8600 SH CALL SOLE 8600
Exxon Corp COM 302290101 258 3661 SH CALL SOLE 3661
Ferro Corp COM 315405100 705 28500 SH CALL SOLE 28500
FMC Corporation COM 302491303 2903 58800 SH CALL SOLE 58800
FNB Corp/PA COM 302520101 292 12700 SH CALL SOLE 12700
Ford Motor COM 345370100 5817 102622 SH CALL SOLE 102622
Frontier Corp COM 35906P105 2318 44700 SH CALL SOLE 44700
General Dynamics COM 369550108 5859 91200 SH CALL SOLE 91200
General Electric COM 369604103 980 8866 SH CALL SOLE 8866
GTE Corp COM 362320103 1252 20700 SH CALL SOLE 20700
Hannaford Brothers Co COM 410550107 1085 23900 SH CALL SOLE 23900
Harris COM 413875105 3878 135500 SH CALL SOLE 135500
Harsco COM 415864107 3961 157300 SH CALL SOLE 157300
Healthsouth Corp COM 421924101 515 49700 SH CALL SOLE 49700
Huffy Corp COM 444356109 415 34600 SH CALL SOLE 34600
Intel Corp COM 458140100 1370 11525 SH CALL SOLE 11525
International Business COM 459200101 1854 10460 SH CALL SOLE 10460
Interstate Bakeries COM 46072H108 1712 79400 SH CALL SOLE 79400
ITT Industries Inc. COM 450911102 4715 133300 SH CALL SOLE 133300
Johnson & Johnson COM 478160104 448 4800 SH CALL SOLE 4800
Johnson Controls COM 478366107 5523 88550 SH CALL SOLE 88550
KeyCorp COM 493267108 1103 36400 SH CALL SOLE 36400
King World Production COM 495667107 4009 131200 SH CALL SOLE 131200
Land's End Inc. COM 515086106 595 17200 SH CALL SOLE 17200
Lockheed Martin COM 539830109 1097 29064 SH CALL SOLE 29064
Lucent Technologies COM 549463107 387 3584 SH CALL SOLE 3584
McClatchy Newspaper Inc. COM 579489105 802 23900 SH CALL SOLE 23900
Mellon Bank Corp COM 585509102 5939 84400 SH CALL SOLE 84400
Merck & Co COM 589331107 7484 93414 SH CALL SOLE 93414
Milacron Inc COM 598709103 549 34900 SH CALL SOLE 34900
Minnesota Min'g/Mfg COM 604059105 280 3964 SH CALL SOLE 3964
Mobil Corp COM 607059102 288 3280 SH CALL SOLE 3280
Mohawk Ind. Inc. COM 608190104 294 9800 SH CALL SOLE 9800
Morgan J P & Co. COM 616880100 4897 39700 SH CALL SOLE 39700
Murphy Oil COM 626717102 585 14100 SH CALL SOLE 14100
Nac Re Corp COM 628907107 671 12500 SH CALL SOLE 12500
National Instruments Corp COM 636518102 361 12700 SH CALL SOLE 12700
National Presto Inds Inc COM 637215104 357 10100 SH CALL SOLE 10100
Navistar International COM 63934E108 506 12600 SH CALL SOLE 12600
Northrop Grumman COM 666807102 2161 36100 SH CALL SOLE 36100
Novellus Systems COM 670008101 545 9900 SH CALL SOLE 9900
Ogden Corp COM 676346109 661 27500 SH CALL SOLE 27500
Old Republic Intl Corp COM 680223104 4310 236200 SH CALL SOLE 236200
Oracle Corp COM 68389X105 1797 68134 SH CALL SOLE 68134
Pentair Inc. COM 709631105 523 15500 SH CALL SOLE 15500
Pfizer COM 717081103 568 4100 SH CALL SOLE 4100
Phillips Petroleum COM 718507106 5183 109700 SH CALL SOLE 109700
Pier 1 Imports Inc COM 720279108 591 72750 SH CALL SOLE 72750
Pinnacle West Capital COM 723484101 3612 99300 SH CALL SOLE 99300
Pittston Brink's Group COM 725701106 312 13300 SH CALL SOLE 13300
PNC Bank Corp COM 693475105 4661 83900 SH CALL SOLE 83900
PPG Industries COM 693506107 1064 20775 SH CALL SOLE 20775
Progress Software Corp COM 743312100 518 15200 SH CALL SOLE 15200
Pxre Corp COM 693674103 297 16500 SH CALL SOLE 16500
Questar Corp COM 748356102 545 32200 SH CALL SOLE 32200
Ralcorp Holdings Inc COM 751028101 381 20100 SH CALL SOLE 20100
Raytheon Corp Class B COM 755111408 1805 30800 SH CALL SOLE 30800
Regal Beloit COM 758750103 590 32700 SH CALL SOLE 32700
ReliaStar Financial COM 75952U103 3836 90000 SH CALL SOLE 90000
Riggs National COM 766570105 251 14900 SH CALL SOLE 14900
Rite Aid COM 767754104 1725 69000 SH CALL SOLE 69000
Rockwell International COM 773903109 4464 105200 SH CALL SOLE 105200
Ross Stores Inc COM 778296103 604 13800 SH CALL SOLE 13800
Sara Lee Corp COM 803111103 3459 139774 SH CALL SOLE 139774
Sears Roebuck COM 812387108 5703 126228 SH CALL SOLE 126228
Shopko Stores Inc COM 824911101 725 24300 SH CALL SOLE 24300
SLM Hlds Corp Com COM 78442A109 219 5250 SH CALL SOLE 5250
Snap-On Inc COM 833034101 1116 38500 SH CALL SOLE 38500
Sprint COM 852061100 4710 48000 SH CALL SOLE 48000
Standard Motor COM 853666105 525 25400 SH CALL SOLE 25400
Summit Bancorp COM 866005101 4958 127150 SH CALL SOLE 127150
Sun Microsystems COM 866810104 6990 55900 SH CALL SOLE 55900
Sunoco Inc COM 86764P109 3353 93000 SH CALL SOLE 93000
SuperValu Inc COM 868536103 4716 228700 SH CALL SOLE 228700
Texas Inds Inc COM 882491103 307 12400 SH CALL SOLE 12400
TNP Enterprises Inc COM 872594106 580 20200 SH CALL SOLE 20200
Trinity Industries Inc COM 896522109 519 17700 SH CALL SOLE 17700
US West Inc COM 91273H101 5305 96350 SH CALL SOLE 96350
UMB Financial Corporation COM 902788108 561 14500 SH CALL SOLE 14500
Unilever COM 904784501 3288 49500 SH CALL SOLE 49500
Union Carbide COM 905581104 571 12650 SH CALL SOLE 12650
Unionbancal Corp COM 908906100 2507 73600 SH CALL SOLE 73600
Unocal Corp COM 915289102 3658 99200 SH CALL SOLE 99200
USX-Marathon Group COM 902905827 2026 73700 SH CALL SOLE 73700
VF Corp COM 918204108 6122 128900 SH CALL SOLE 128900
Valero COM 91913Y100 597 24000 SH CALL SOLE 24000
Watson Pharmaceuticals COM 942683103 1253 28400 SH CALL SOLE 28400
Wellpoint Health Networks COM 94973H108 5761 76000 SH CALL SOLE 76000
Xerox Corp COM 984121103 328 6300 SH CALL SOLE 6300
Xircom COM 993922105 324 12900 SH CALL SOLE 12900
XL Capital LTD Class A COM G98255105 625 10300 SH CALL SOLE 10300
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