SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended: March 31, 1999
Institutional Investment Manager Filing this Report:
Name: Delta Financial Management Corporation
Address: 37 Derby Street
Hingham, MA 02043
13F File Number: 28-6200
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,
corrrect 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: William M Weldon
Title: Managing Director
Phone: 781-749-8156
Signature, Place and Date of Signing:
William M Weldon Hingham, MA March 31, 1999
Report Type:
[x] 13F HOLDINGS REPORT.
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
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FORM 13F SUMMARY PAGE
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 75
FORM 13F INFORMATION TABLE VALUE TOTAL: $139,340,000
LIST OF OTHER INCLUDED MANAGERS:
NO. 13F FILE NUMBER NAME
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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS TIT CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MGRS SOLE SHARED NONE
SHARED NONE
- ------------------------------------------------------------------------------------------------------------------------
ALLIANCE CAP MGMT LP UT LTD PT COM 018548107 2855 112800 SH SOLE 46200 0 66600
ALLTEL CORP COM COM 020039103 4753 76200 SH SOLE 41400 0 34800
AMER EXPRESS CO CAP TR 7% PFD PREFERRED 02583Y205 1061 42450 SH SOLE 39150 0 3300
AMERICAN EXPRESS CO COM 025816109 3856 32750 SH SOLE 15350 0 17400
AMERICAN HOME PRODS CORP COM 026609107 378 5800 SH SOLE 4200 0 1600
AMERICAN WTR WKS INC COM 030411102 1287 44200 SH SOLE 40400 0 3800
ARMSTRONG WORLD INDS INC COM COM 042476101 972 21500 SH SOLE 6900 0 14600
ASARCO INC COM COM 043413103 529 38300 SH SOLE 34700 0 3600
AT & T CORP. COM 001957109 5532 103968 SH SOLE 57824 0 46145
BARD, C R INC COM 067383109 4025 79800 SH SOLE 39200 0 40600
BELL ATLANTIC CORP COM 077853109 217 4192 SH SOLE 4192 0 0
BRISTOL MYERS SQUIBB CO COM COM 110122108 1629 25400 SH SOLE 21600 0 3800
CATERPILLAR INC COM 149123101 3399 74000 SH SOLE 39800 0 34200
CHEVRON CORP COM 166751107 204 2300 SH SOLE 1400 0 900
CHICAGO TITLE CORP COM COM 168228104 629 17300 SH SOLE 12700 0 4600
CLEVELAND CLIFFS INC COM 185896107 950 27900 SH SOLE 24000 0 3900
CYPRUS AMAX MINERALS CO COM COM 232809103 833 68700 SH SOLE 64100 0 4600
D Q E COM 23329J104 224 5850 SH SOLE 5850 0 0
DANA CORP COM 235811106 2259 59460 SH SOLE 34160 0 25300
DEXTER CORP COM 252165105 2174 69000 SH SOLE 33900 0 35100
DOMINION RES INC VA COM 257470104 2102 56919 SH SOLE 26319 0 30600
DU PONT E I DE NEMOURS CO COM 263534109 372 6406 SH SOLE 3806 0 2600
EASTMAN KODAK COM 277461109 3749 58700 SH SOLE 25650 0 33050
EDWARD A G INC COM COM 281760108 1328 40637 SH SOLE 36537 0 4100
ENGELHARD CORP COM COM 292845104 352 20800 SH SOLE 20800 0 0
EXXON CORP COM 302290101 2274 32221 SH SOLE 13396 0 18825
FANNIE MAE COM 313586109 3781 54600 SH SOLE 30900 0 23700
FIRSTAR CORP COM COM 33763V109 281 9408 SH SOLE 4848 0 4560
FLEET FINL GROUP INC NEW COM COM 338915101 3349 89000 SH SOLE 44800 0 44200
FORD MTR CO CAP TR I TOPRS 9% PREFERRED 345343206 216 7900 SH SOLE 6000 0 1900
FORTUNE BRANDS INC COM 349631101 2491 64700 SH SOLE 30400 0 34300
GENERAL ELEC CO COM 369604103 344 3114 SH SOLE 2154 0 960
GENERAL MTRS CORP COM 370442105 3241 37252 SH SOLE 15452 0 21800
GILLETTE CO COM 375766102 425 7156 SH SOLE 6745 0 411
GOODRICH B F CO COM 382388106 583 17000 SH SOLE 14500 0 2500
GTE CORP COM 362320103 3733 61700 SH SOLE 33100 0 28600
HARSCO CORP COM 415864107 761 30200 SH SOLE 23800 0 6400
HIGHWOOD PPTYS INC COM COM 431284108 728 30900 SH SOLE 28000 0 2900
HRPT PPTYS TR COM SH BEN INT COM 40426W101 1721 127500 SH SOLE 68400 0 59100
INTL PAPER 7.875% PFD PREFERRED 460140205 1000 39400 SH SOLE 30900 0 8500
JEFFERSON PILOT CORP COM COM 475070108 2808 41450 SH SOLE 20850 0 20600
KIMBERLY CLARK CORP COM COM 494368103 2814 58700 SH SOLE 27800 0 30900
LIBERTY PPTY TR SH BEN INT COM 531172104 342 16500 SH SOLE 15500 0 1000
LUCENT TECHNOLOGIES INC COM COM 549463107 233 4312 SH SOLE 3456 0 856
MAYTAG CORP COM COM 578592107 4196 69500 SH SOLE 38100 0 31400
MDU RESOURCES GROUP INC COM 552690109 842 36825 SH SOLE 26850 0 9975
MERCANTILE BANKSHARES CORP COM COM 587405101 2559 69150 SH SOLE 22650 0 46500
MERCK & CO COM 589331107 321 4000 SH SOLE 3400 0 600
MERRILL LYNCH CAP TR 7% PFD PREFERRED 59021F206 1294 52300 SH SOLE 44600 0 7700
MOBIL CORP COM 607059102 2781 31600 SH SOLE 13000 0 18600
MODINE MFG CO COM COM 607828100 2346 83600 SH SOLE 36000 0 47600
MORGAN J.P. & CO INC COM 616880100 3282 26600 SH SOLE 11100 0 15500
NATIONAL FUEL & GAS CO COM 636180101 2591 66000 SH SOLE 30100 0 35900
NATIONWIDE HEALTH PPTYS INC COM 638620104 1450 76300 SH SOLE 31300 0 45000
NICOR INC COM COM 654086107 302 8400 SH SOLE 7100 0 1300
NIPSCO INDS INC COM 629140104 2426 89858 SH SOLE 35658 0 54200
OGDEN CORP COM COM 676346109 409 17000 SH SOLE 13100 0 3900
PAINE WEBBER GROUP INC COM COM 695629105 230 5756 SH SOLE 5756 0 0
PIEDMONT NAT GAS INC COM 720186105 3055 87285 SH SOLE 44715 0 42570
PNC BK CORP COM COM 693475105 2789 50200 SH SOLE 12600 0 37600
RYDER SYSTEM INC COM 783549108 3362 121700 SH SOLE 66100 0 55600
SBC COMMUNICATIONS, INC COMMON COM 78387G103 304 6452 SH SOLE 4352 0 2100
SCHLUMBERGER COM 806857108 4532 75292 SH SOLE 36792 0 38500
SEARS ROEBUCK & CO COM 812387108 3276 72500 SH SOLE 30500 0 42000
SIMPSON INDS INC COM COM 829060102 554 57600 SH SOLE 41400 0 16200
TEXACO INC COM 881694103 323 5700 SH SOLE 4200 0 1500
U S WEST INC NEW COM COM 91273H101 3331 60500 SH SOLE 30900 0 29600
UNITED DOMINION RLTY TR INC COM 910197102 1670 162900 SH SOLE 95900 0 67000
UST INC COM COM 902911106 209 8000 SH SOLE 8000 0 0
USX MARATHON GROUP COM NEW COM 902905827 1623 59000 SH SOLE 50700 0 8300
VANGUARD INDEX TR 500 MUTUAL FDS 922908108 2064 17356 SH SOLE 0 0 17356
WACHOVIA CORP NEW COM 929771103 3402 41900 SH SOLE 19000 0 22900
WASHINGTON MUT INC COM COM 939322103 2575 63000 SH SOLE 28400 0 34600
WHIRLPOOL CORP COM COM 963320106 4171 76700 SH SOLE 38900 0 37800
WILLIAMS COS INC COM 969457100 277 7000 SH SOLE 3300 0 3700
LINE COUNT: 75
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