FORM 13F COVER PAGE June 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: 183
Form 13F Information Table Value Total: $350,343
<PAGE>
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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 3895 120800 sh SOLE 120800
Aaron Rents INC COM 2535201 914 41100 sh SOLE 41100
Abbott Laboratories COM 2824100 3412 75210 sh SOLE 75210
Actel Corp COM 4934105 480 32600 sh SOLE 32600
Adac Labs COM 5313200 187 27300 sh SOLE 27300
Adobe Systems COM 00724F101 2694 32800 sh SOLE 32800
Albertsons Inc. COM 13104104 2672 51838 sh SOLE 51838
Aliant Communications COM 16090102 725 15700 sh SOLE 15700
Allstate Corporation COM 20002101 4715 131430 sh SOLE 131430 0
Alltel Corp COM 20039103 1909 26700 sh SOLE 26700
AMBAC Inc COM 23139108 3821 66900 sh SOLE 66900
American Home Products COM 26609107 550 9600 sh SOLE 9600
American Pwr Conversion COM 29066107 269 13400 Sh SOLE 13400
Ametek Inc. COM 31100100 745 32400 sh SOLE 32400
Amgen COM 31162100 3981 65400 sh SOLE 65400
Amsouth Bancorp COM 32165102 766 33075 sh SOLE 33075
Andrew Corp COM 34425108 975 51500 sh SOLE 51500
Arctic Cat COM 39670104 609 68200 sh SOLE 68200
Arrow International Inc COM 42764100 628 24300 sh SOLE 24300
Arvin Industries COM 43339100 685 18100 sh SOLE 18100
Associated Banc Corp. COM 45487105 528 12737 sh SOLE 12737
AT&T COM 1957109 437 7838 sh SOLE 7838
Atlantic Richfield COM 48825103 7102 85000 sh SOLE 85000
Avondale Industries COM 54350103 819 21000 sh SOLE 21000
Barnes Group Inc COM 67806109 430 19800 sh SOLE 19800
Barra Inc COM 68313105 575 22800 sh SOLE 22800
BEC Energy COM 05538m101 1150 27900 sh SOLE 27900
Becton Dickinson COM 75887109 4023 134100 sh SOLE 134100
Bell Atlantic Corp. COM 77853109 8380 128198 sh SOLE 128198
Bell South Corp COM 79860102 2527 54800 sh SOLE 54800
BestFoods COM 08658U101 221 4480 sh SOLE 4480
Block Drug Company CL A COM 93644102 216 5195 sh SOLE 5195
Blount Intl Inc CL-A COM 95177101 448 16500 sh SOLE 16500
BP Amoco PLC - spon Adr COM 55622104 401 3703 sh SOLE 3703
Bristol-Myers Squibb COM 110122108 2488 35336 sh SOLE 35336
Brown Forman Corp Cl B COM 115637209 2288 35100 sh SOLE 35100
Brown Shoe Company Inc. COM 115736100 765 35200 sh SOLE 35200
Buffets Inc COM 119882108 726 63200 sh SOLE 63200
Burlington/Northern COM 12189T104 224 7248 sh SOLE 7248
Capital Re COM 140432105 530 33000 sh SOLE 33000
C-Cube Microsystems COM 125015107 462 14600 sh SOLE 14600
Centex Construction COM 15231R109 518 15200 sh SOLE 15200
Central Garden & Pet Co COM 153527106 434 42400 sh SOLE 42400
CenturyTel Inc COM 156700106 4678 117700 sh SOLE 117700
Chase Cap VII COM 16147M200 962 40000 sh SOLE 40000
Chase Manhattan COM 16161A108 1531 17710 sh SOLE 17710
Chittenden COM 170228100 712 22800 sh SOLE 22800
Cisco Systems Inc. COM 17275R102 1076 16700 sh SOLE 16700
Clarcor Inc COM 179895107 425 22200 sh SOLE 22200
Colgate-Palmolive Co COM 194162103 275 2800 sh SOLE 2800
Colonial Banc Group A COM 195493309 767 55100 sh SOLE 55100
Comerica Inc. COM 200340107 1934 32550 sh SOLE 32550
Commerce Bancshares COM 200525103 496 12334 sh SOLE 12334
Commercial Intertech COM 201709102 580 36400 sh SOLE 36400
Communications Sys Inc COM 203900105 222 18000 sh SOLE 18000
Compaq Computer COM 204493100 1804 76200 sh SOLE 76200
Compass Bancshares COM 20449H109 1057 38825 sh SOLE 38825
Computer Assoc Intl Inc COM 204912109 3098 56600 sh SOLE 56600
Computer Task Group Inc COM 205477102 603 35500 sh SOLE 35500
Comsat Corp. COM 20564D107 1709 52600 sh SOLE 52600
ConAgra COM 205887102 3725 139920 sh SOLE 139920
Conseco Inc COM 208464107 1406 46200 sh SOLE 46200
Coors Adolph Co COM 217016104 613 12400 sh SOLE 12400
Cordant Technologies COM 218412104 840 18600 sh SOLE 18600
Corvel Corp. COM 221006109 395 18400 sh SOLE 18400
Countrywide Cr. Indus COM 222372104 1748 40900 sh SOLE 40900
Dallas Semiconductor COM 235204104 715 14100 sh SOLE 14100
Dell Computer COM 247025109 2601 70320 sh SOLE 70320
Delphi Financial COM 247131105 413 11537 sh SOLE 11537
Deluxe Corp. COM 248019101 3694 95200 sh SOLE 95200
Dentsply Intl Inc. COM 249030107 684 23700 sh SOLE 23700
Dexter Corp COM 252165105 730 17900 sh SOLE 17900
Donnelley (RR) & Sons COM 257867101 4580 123600 sh SOLE 123600
Dow Chemical COM 260543103 4389 34600 sh SOLE 34600
DSP Group Inc COM 23332B106 741 20600 sh SOLE 20600
DTE Energy Company COM 233331107 4034 99000 sh SOLE 99000
Dun & Bradstreet Corp COM 26483B106 5007 141300 sh SOLE 141300
DuPont COM 263534109 3605 52780 sh SOLE 52780
Dura Automotive Systems COM 265903104 360 10850 sh SOLE 10850
Eastern Enterprises COM 27637F100 783 19700 sh SOLE 19700
Eastman Kodak COM 277461109 222 3285 sh SOLE 3285
EMC Corp COM 268648102 231 4200 sh SOLE 4200
EMPI Inc. COM 291586105 477 19600 sh SOLE 19600
Everest Re COM 299808105 280 8600 sh SOLE 8600
Exxon Corp. COM 302290101 272 3536 sh SOLE 3536
Ferro Corp COM 315405100 783 28500 sh SOLE 28500
Firstar Funds Inc COM 337938856 1003 55137 sh SOLE 55137
FMC Corporation COM 302491303 3518 51500 sh SOLE 51500
FNB Corp / PA COM 302520101 457 16935 sh SOLE 16935
Ford Motor COM 345370100 5906 104647 sh SOLE 104647
Frontier Corp COM 35906P105 2538 43300 sh SOLE 43300
General Dynamics COM 369550108 619 9000 sh SOLE 9000
General Electric COM 369604103 1001 8866 sh SOLE 8866
GTE Corp. COM 362320103 449 5950 sh SOLE 5950
Hannaford Brothers COM 410550107 1219 22800 sh SOLE 22800
Harris COM 413875105 5416 138220 sh SOLE 138220
Harsco COM 415864107 736 23000 sh SOLE 23000
Healthsouth Corp COM 421924101 673 45300 sh SOLE 45300
Huffy Corp COM 444356109 484 34600 sh SOLE 34600
Intel Corp COM 458140100 1401 23550 sh SOLE 23550
Intl Business Machs COM 459200101 2678 20720 sh SOLE 20720
ITT Industries Inc. COM 450911102 480 12600 sh SOLE 12600
Johnson & Johnson COM 478160104 470 4800 sh SOLE 4800
Johnson Controls COM 478366107 6116 88250 sh SOLE 88250
JohnsonFamily Intl Eq COM 479094302 5676 558199 sh SOLE 558199
JohnsonFamily Lg Cap Eq COM 479094104 5098 473437 sh SOLE 473437
JohnsonFamily Sm Cap Eq COM 479094203 4825 533241 sh SOLE 533241
KeyCorp COM 493267108 3646 113500 sh SOLE 113500
King World Production COM 495667107 243 7000 sh SOLE 7000
Knight-Ridder COM 499040103 633 11500 sh SOLE 11500
Lockheed Martin COM 539830109 845 22700 sh SOLE 22700
Lucent Technologies COM 549463107 483 7164 sh SOLE 7164
Maxxim Medical Inc COM 57777G105 822 35300 sh SOLE 35300
Mellon Bank Corp COM 585509102 6111 168000 sh SOLE 168000
Merck & Co. COM 589331107 6874 93374 sh SOLE 93374
Microsoft COM 594918104 432 4800 sh SOLE 4800
Milacron Inc. COM 598709103 645 34900 sh SOLE 34900
Minnesota Min'g/Mfg COM 604059105 344 3964 sh SOLE 3964
Mobil Corp COM 607059102 348 3530 sh SOLE 3530
Mohawk Ind. Inc. COM 608190104 297 9800 sh SOLE 9800
Morgan J P & Co COM 616880100 5739 40850 sh SOLE 40850
Murphy Oil COM 626717102 683 14000 sh SOLE 14000
Myers Industries Inc. COM 628464109 296 14800 sh SOLE 14800
National Semiconductor COM 637640103 253 10000 sh SOLE 10000
Navistar International COM 63934E108 630 12600 sh SOLE 12600
Northrop Grumman COM 666807102 4396 66300 sh SOLE 66300
Novell Inc COM 670006105 3320 125300 sh SOLE 125300
Ocean Energy Inc. COM 67481E106 841 87400 sh SOLE 87400
Ogden Corp COM 676346109 719 26700 sh SOLE 26700
Old Republic Intl Corp COM 680223104 4183 241650 sh SOLE 241650
Oracle Corp COM COM 68389X105 2471 66584 sh SOLE 66584
Pfizer COM 717081103 446 4100 sh SOLE 4100
Phillips Petroleum COM 718507106 5525 109830 sh SOLE 109830
Pier 1 Imports Inc COM 720279108 818 72750 sh SOLE 72750
Pinnacle West Capital COM 723484101 4077 101300 sh SOLE 101300
Pittston Brink's Group COM 725701106 355 13300 sh SOLE 13300
PNC Bank Corp. COM 693475105 5422 94100 sh SOLE 94100
PPG Industries COM 693506107 1014 17175 sh SOLE 17175
Progress Software Corp COM 743312100 548 19400 sh SOLE 19400
Pxre Corp COM 693674103 496 27400 sh SOLE 27400
Questar Corp COM 748356102 568 29700 sh SOLE 29700
Ralcorp Holdings Inc COM 751028101 324 20100 sh SOLE 20100
Regal Beloit COM 758750103 772 32700 sh SOLE 32700
ReliaStar Financial COM 75952U103 4735 108230 sh SOLE 108230
Riggs National COM 766570105 306 14900 sh SOLE 14900
Rite Aid COM 767754104 1676 68100 sh SOLE 68100
Robertson StEmerging COM 770648202 279 8538 sh SOLE 8538
Rockwell International COM 773903109 5898 97100 sh SOLE 97100
Sabre Group Holdings COM 785905100 4963 72200 sh SOLE 72200
Sara Lee Corp COM 803111103 3264 143874 sh SOLE 143874
Sears Roebuck COM 812387108 5651 126828 sh SOLE 126828
Shopko Stores Inc COM 824911101 886 24300 sh SOLE 24300
SLM HLDS CORP COM COM 78442A109 240 5250 sh SOLE 5250
Smith (A.O.) COM 831865209 761 27200 sh SOLE 27200
Springs Indust COM 851783100 772 17700 sh SOLE 17700
Sprint COM 852061100 5525 104250 sh SOLE 104250
SPS Technologies Inc COM 784626103 517 13800 sh SOLE 13800
Standard Motor COM 853666105 622 25400 sh SOLE 25400
Summit Bancorp COM 866005101 5847 139850 sh SOLE 139850
Sun Microsystems COM 866810104 7631 110800 sh SOLE 110800
Sunoco Inc COM 86764P109 2949 97700 sh SOLE 97700
SuperValu Inc COM 868536103 6070 234600 sh SOLE 234600
Symantec Corporation COM 871503108 438 17200 sh SOLE 17200
Tenn Valley Auth Series COM 880591300 965 40000 sh SOLE 40000
Texas Inds Inc COM 882491103 480 12400 sh SOLE 12400
TNP Enterprises Inc COM 872594106 732 20200 sh SOLE 20200
Trinity Industries COM 896522109 666 19900 sh SOLE 19900
TRW Inc COM 872649108 232 4240 sh SOLE 4240
U S West Inc. COM 91273H101 6541 111350 sh SOLE 111350
UMB Financial Corp COM 902788108 621 14500 sh SOLE 14500
Unifirst Corp COM 904708104 444 24200 sh SOLE 24200
Unilever COM 904784709 1917 27497 sh SOLE 27497
Union Pacific COM 907818108 215 3700 sh SOLE 3700
Unionbancal Corp COM 908906100 4129 114300 sh SOLE 114300
Unocal Corp COM 915289102 3895 98300 sh SOLE 98300
USX-Marathon Group COM 902905827 2595 79700 sh SOLE 79700
V F Corp COM 918204108 5540 129600 sh SOLE 129600
Valero COM 91913Y100 514 24000 sh SOLE 24000
WatsonPharmaceuticals COM 942683103 1051 30000 sh SOLE 30000
Wellpoint Hlth Networks COM 94973H108 6340 74700 sh SOLE 74700
W.Pharmaceutical Serv. COM 955306105 416 10600 sh SOLE 10600
Xircom COM 983922105 829 27600 sh SOLE 27600
XL Capital LTD Class A COM G98255105 1086 19237 sh SOLE 19237
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