UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13 F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 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: Clifford Associates, Inc.
Address: 200 South Los Robles Avenue
Suite 320
Pasadena, California 91101
13F File Number: 28-6208-3
The institutional investment manager filling 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: Peter J. Boyle
Title: Principal
Phone: 626-792-2228
Signature, Place, and Date of Signing:
PETER J. BOYLE Pasadena, California June 3, 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.
<PAGE>
FORM 13 F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13 F Information Table Entry Total: 230
Form 13 F Information Table Value Total: $374,842
List of Other Included Managers:
<PAGE>
<TABLE>
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
- ------------------------------ ---------------- --------- -------- -------- ---
- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C>
<C> <C> <C> <C> <C> <C>
AMERICAN BALANCED FUND COM 024071102 280 17916.542SH
SOLE 17916.542
CAPITAL INCOME BUILDER COM 140193103 612 13239.615SH
SOLE 13239.615
EQUITY GROWTH FUND COM 991265406 654 7326.670 SH
SOLE 7326.670
FIDELITY SECS FUND GROWTH & IN COM 316389204 623 13366.509SH
SOLE 13366.509
GROWTH FD OF AMERICA INC COM 399874106 419 17653.825SH
SOLE 17653.825
INVESTMENT CO OF AMERICA DEL COM 461308108 2521 79956.023SH
SOLE 79956.023
PUTNAM INCOME FUND CL-B COM 746792209 116 17258.013SH
SOLE 17258.013
VANGUARD LIFE STRATEGY PORT-GR COM 921909503 218 11301.129SH
SOLE 11301.129
VANGUARD US GROWTH FUND COM 921910105 659 16923.752SH
SOLE 16923.752
EUROPACIFIC GROWTH FUND COM 298706102 451 14944.464SH
SOLE 14944.464
VANGUARD INTL GROWTH PORTFOLIO COM 921910204 209 11251.272SH
SOLE 11251.272
NON-US EQUITY FUND FOR TAX-EXE 458372109 1122 55866.807SH
SOLE 55866.807
U.S. SMALL CAP FUND FOR TAX-EX 1796 98995.900SH
SOLE 98995.900
US EQUITY FUND FOR TAX EXEMPT 6043 238662.733SH
SOLE 238662.733
MACNEAL SCHWENDLER CSD CNV 554806AA7 18 20000 PRN
SOLE 20000
A T & T CORP COM 001957109 2782 34861 SH
SOLE 34861
ABBOTT LABS COM 002824100 8467 180858 SH
SOLE 180858
AETNA LIFE & CASUALTY INS CO COM 008117103 249 3000 SH
SOLE 3000
AIR TOUCH COMMUNICATIONS COM 00949T100 2299 23795 SH
SOLE 23795
ALBERTSONS INC. COM 013104104 2706 49715 SH
SOLE 49715
ALLEN TELECOM COM 018091108 150 23000 SH
SOLE 23000
AMERICAN EXPRESS CO COM 025816109 794 6746 SH
SOLE 6746
AMERICAN HOME PRODS CP COM 026609107 6800 104207 SH
SOLE 104207
AMERICAN INTL GROUP COM 026874107 425 3527 SH
SOLE 3527
AMERICAN STORES COM 030096101 353 10712 SH
SOLE 10712
AMERITECH CORP NEW COM 030954101 279 4837 SH
SOLE 4837
AMGEN INC COM 031162100 873 11660 SH
SOLE 11660
ANDREW CORP COM 034425108 1873 152110 SH
SOLE 152110
ANHEUSER BUSCH COS INC COM 035229103 2929 38478 SH
SOLE 38478
ATLANTIC RICHFIELD CO COM 048825103 957 13092 SH
SOLE 13092
AUTOMATIC DATA PROCESSING COM 053015103 3805 91960 SH
SOLE 91960
AVERY DENNISON CORP COM 053611109 4936 85846 SH
SOLE 85846
BANK OF AMERICA CORP. COM 060505104 891 12622 SH
SOLE 12622
BANK OF NEW YORK COM 064057102 1341 37325 SH
SOLE 37325
BAXTER INTL INC COM 071813109 478 7246 SH
SOLE 7246
BECKMAN COULTER, INC. COM 075816108 221 5000 SH
SOLE 5000
BERKSHIRE HATHAWAY CL A COM 084670108 2428 34 SH
SOLE 34
BERKSHIRE HATHAWAY CL B COM 084670207 1039 442 SH
SOLE 442
BESTFOODS COM 08658U101 376 8000 SH
SOLE 8000
BOSTON SCIENTIFIC CORPORATION COM 101137107 205 5040 SH
SOLE 5040
BP AMOCO PLC - SPONS ADR COM 055622104 10851 107433 SH
SOLE 107433
BRISTOL MYERS SQUIBB COM 110122108 14928 232802 SH
SOLE 232802
BROWNING FERRIS INDS COM 115885105 262 6800 SH
SOLE 6800
CASEY'S GENERAL STORES COM 147528103 2497 169255 SH
SOLE 169255
CEDAR FAIR L.P. COM 150185106 686 27300 SH
SOLE 27300
CHEVRON CORPORATION COM 166751107 3107 35014 SH
SOLE 35014
CHIRON CORP. COM 170040109 217 9874 SH
SOLE 9874
CISCO SYSTEMS INC COM 17275R102 768 7012 SH
SOLE 7012
CITIGROUP INC. COM 172967101 241 3775 SH
SOLE 3775
CLOROX COMPANY COM 189054109 11780 100520 SH
SOLE 100520
COAMERICA INC COM 200340107 247 3951 SH
SOLE 3951
COCA COLA CO COM 191216100 245 3990 SH
SOLE 3990
COLGATE-PALMOLIVE COM 194162103 5428 58995 SH
SOLE 58995
COMPAQ COMPUTER CORP COM 204493100 1920 60575 SH
SOLE 60575
CORNING INC COM 219350105 1040 17329 SH
SOLE 17329
COSTCO COMPANIES COM 22160Q102 5774 63059 SH
SOLE 63059
DIEBOLD INC COM 253651103 1715 71452 SH
SOLE 71452
DISNEY WALT CO DEL COM 254687106 487 15640 SH
SOLE 15640
DOW CHEM CO COM 260543103 2504 26867 SH
SOLE 26867
DU PONT E I DE NEMOURS COM 263534109 473 8147 SH
SOLE 8147
EDISON INTERNATIONAL COM 281020107 389 17499 SH
SOLE 17499
EMERSON ELEC CO COM 291011104 3134 59193 SH
SOLE 59193
EXXON CORP COM 302290101 10124 143474 SH
SOLE 143474
FEDERAL NATL MTG ASSN COM 313586109 315 4550 SH
SOLE 4550
FIRST DATA CORP COM 319963104 4351 101775 SH
SOLE 101775
GENERAL ELECTRIC COM 369604103 22379 202292 SH
SOLE 202292
GENUINE PARTS CO COM 372460105 393 13637 SH
SOLE 13637
GILLETTE CO COM 375766102 1885 31706 SH
SOLE 31706
GRAINGER W.W. INC. COM 384802104 5990 139097 SH
SOLE 139097
GTE CORP COM 362320103 309 5108 SH
SOLE 5108
HARLEY-DAVIDSON COM 412822108 235 4100 SH
SOLE 4100
HEINZ H J CO COM 423074103 2803 59162 SH
SOLE 59162
HEWLETT PACKARD CO COM 428236103 10248 151114 SH
SOLE 151114
HOME DEPOT INC COM 437076102 822 13212 SH
SOLE 13212
HUBBELL INC COM 443510201 2517 62930 SH
SOLE 62930
ILLINOIS TOOL WORKS INC. COM 452308109 4087 66055 SH
SOLE 66055
INTEL CORP COM 458140100 4253 35780 SH
SOLE 35780
INTERNATIONAL BUS MACH COM 459200101 3382 19083 SH
SOLE 19083
JOHNSON & JOHNSON COM 478160104 8689 92935 SH
SOLE 92935
JOHNSON CONTROLS INC COM 478366107 5960 95558 SH
SOLE 95558
KIMBERLY CLARK CORP COM 494368103 7372 153790 SH
SOLE 153790
KOO KOO ROO ENTERPRISES, INC. COM 500481106 8 10000 SH
SOLE 10000
KROGER CO COM 501044101 332 5548 SH
SOLE 5548
LOWE'S COMPANIES COM 548661107 14204 234778 SH
SOLE 234778
LUCENT TECHNOLOGIES COM 549463107 5160 47780 SH
SOLE 47780
MARSH & MCLENNAN COS COM 571748102 2643 35597 SH
SOLE 35597
MAY DEPARTMENT STORES COM 577778103 1981 50624 SH
SOLE 50624
MCDONALDS CORP COM 580135101 976 21548 SH
SOLE 21548
MCI WORLDCOM INC. COM 55268B106 312 3527 SH
SOLE 3527
MERCK & CO INC COM 589331107 9839 122795 SH
SOLE 122795
MICROSOFT CORP COM 594918104 505 5640 SH
SOLE 5640
MINERALS TECHNOLOGIES INC COM 603158106 2482 51700 SH
SOLE 51700
MINNESOTA MNG & MFG CO COM 604059105 1664 23517 SH
SOLE 23517
MOBIL CORP COM 607059102 4793 54463 SH
SOLE 54463
MONSANTO CO COM 611662107 200 4360 SH
SOLE 4360
MOTOROLA INC COM 620076109 436 5950 SH
SOLE 5950
NATIONAL SVC INDS INC COM 637657107 545 15993 SH
SOLE 15993
NEWELL RUBBERMAID INC. COM 651229106 8490 178738 SH
SOLE 178738
NORTHROP GRUMMAN CORP COM 666807102 431 7200 SH
SOLE 7200
PENN ENGINEERING COM 707389300 1435 75525 SH
SOLE 75525
PENNEY J C INC COM 708160106 251 6200 SH
SOLE 6200
PEPSICO INC COM 713448108 10804 275700 SH
SOLE 275700
PFIZER INC COM 717081103 2329 16787 SH
SOLE 16787
PHILIP MORRIS COS INC COM 718154107 1201 34130 SH
SOLE 34130
POTASH CORP. SASKATCHEWAN COM 73755L107 3836 71707 SH
SOLE 71707
PPG INDS INC COM 693506107 4659 90907 SH
SOLE 90907
PROCTER & GAMBLE CO COM 742718109 865 8836 SH
SOLE 8836
PROTECTIVE LIFE CORP COM 743674103 1586 41865 SH
SOLE 41865
RAYTHEON CO CL B COM 755111408 516 8800 SH
SOLE 8800
ROCHE DIVIDEND RIGHT CERT COM 2583 212 SH
SOLE 212
ROHM & HAAS CO COM 775371107 604 18000 SH
SOLE 18000
ROYAL DUTCH PETE CO COM 780257804 2644 50840 SH
SOLE 50840
SARA LEE CORP COM 803111103 6850 276783 SH
SOLE 276783
SBC COMMUNICATIONS COM 78387G103 4372 92647 SH
SOLE 92647
SCHERING PLOUGH CORP. COM 806605101 1403 25400 SH
SOLE 25400
SCHLUMBERGER LTD COM 806857108 5330 88564 SH
SOLE 88564
SIGMA-ALDRICH COM 826552101 2759 94320 SH
SOLE 94320
SNAP ON INC COM 833034101 1043 35961 SH
SOLE 35961
SONOCO PRODUCTS COM 835495102 1717 74670 SH
SOLE 74670
SOVRAN SELF STORAGE COM 84610H108 849 36400 SH
SOLE 36400
STANDARD REGISTER CO COM 853887107 595 20050 SH
SOLE 20050
SYSCO CORP COM 871829107 7850 298313 SH
SOLE 298313
TEKTRONIX INC. COM 879131100 2251 89150 SH
SOLE 89150
TENNECO INC COM 88037E101 819 29325 SH
SOLE 29325
TEXACO INC COM 881694103 267 4700 SH
SOLE 4700
TIME WARNER INC COM 887315109 524 7400 SH
SOLE 7400
TYCO INTERNATIONAL LTD NEW COM 902124106 340 4742 SH
SOLE 4742
UNION PACIFIC COM 907818108 224 4200 SH
SOLE 4200
UNITED TECHNOLOGIES COM 913017109 325 2400 SH
SOLE 2400
UST INC COM 902911106 888 34000 SH
SOLE 34000
VODAFONE GROUP COM 92857T107 15127 80571 SH
SOLE 80571
WAL MART STORES INC COM 931142103 1166 12650 SH
SOLE 12650
WALGREEN CO COM 931422109 2930 103700 SH
SOLE 103700
WARNER LAMBERT CO COM 934488107 318 4800 SH
SOLE 4800
WD 40 CO COM 929236107 552 19050 SH
SOLE 19050
WELLS FARGO COMPANY NEW COM 949746101 2188 62410 SH
SOLE 62410
WISCONSIN ENERGY CORP COM 976657106 236 9056 SH
SOLE 9056
XEROX CORP COM 984121103 201 3768 SH
SOLE 3768
</TABLE>
