UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
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.
Institution Investment Manager Filing this Report:
Name: POTOMAC ASSET MANAGEMENT COMPANY, INC.
3 BETHESDA METRO CENTER, SUITE 530
BETHESDA, MARYLAND 20814
13f File Number: 801-16383
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
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 Ladd Gilsey
Title: Chairman
Phone: (301) 657-2300
Signature, Place, and Date of Signing:
Peter Ladd Gilsey, Bethesda, Maryland May 24, 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.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of other Included Managers: 0
Form 13F Information Table Entry Total: 142 data records
Form 13F Information Table Value Total: $148,288
List of Other Included Managers:
No. 13F File Number Name
NONE
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INFORMATION TABLE
POTOMAC ASSET MANAGEMENT COMPANY, INC.
FORM 13F
POTOMAC ASSET MANAGEMENT COMPANY, INC.
March 31, 1999
Voting Authority
--------------------------
Value Shares/ Sh/ Put/ Invstmt Other
Name of Issuer Title of class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
3COM CORP COM 332 14250 SH Sole 14250
ABBOTT LABS COM 002824100 1309 27952 SH Sole 27952
AIRTOUCH COMMUNICATIONS COM 00949T100 4167 43124 SH Sole 43124
ALBERTSON'S, INC COM 394 7235 SH Sole 7235
ALZA CORP COM 022615108 459 12000 SH Sole 12000
AMERICA ONLINE INC DEL COM COM 384 2610 SH Sole 2610
AMERICAN HOME PRODS CORP COM 026609107 5226 80086 SH Sole 80086
AMERICAN INTERNATIONAL GROUP COM 026874107 3262 27044 SH Sole 27044
AMERICAN MANAGEMENT SYSTEMS, I COM 1825 53478 SH Sole 53478
AMERICAN POWER CONVERSION COM 029066107 1202 44525 SH Sole 44525
APPLIED CELLULAR TECH COM COM 6 3000 SH Sole 3000
ASCEND COMMMUNICATIONS INC COM 043491109 688 8220 SH Sole 8220
ASTORIA FINANCIAL CORP COM 046265104 201 4025 SH Sole 4025
AT&T LIBERTY MEDIA GROUP A COM 259 4930 SH Sole 4930
AUTOMATIC DATA PROCESSING COM 053015103 1173 28350 SH Sole 28350
BALTIMORE GAS & ELECTRIC COM 323 12714 SH Sole 12714
BANK OF NY CO INC COM 064057102 1033 28750 SH Sole 28750
BANKAMERICA CORP COM COM 1099 15564 SH Sole 15564
BARRICK GOLD CORP COM 209 12250 SH Sole 12250
BELL ATLANTIC CORP COM 077853109 88 1696 SH Sole 1696
BELLSOUTH CORP COM 079860102 287 7172 SH Sole 7172
BESTFOODS COM 1102 23438 SH Sole 23438
BOEING CO COM 097023105 192 5650 SH Sole 5650
BOWATER INC COM 102183100 580 14625 SH Sole 14625
BP AMOCO PLC - SPONS ADR COM 055622104 1024 10142 SH Sole 10142
BRISTOL MYERS SQUIBB CO COM 110122108 312 4860 SH Sole 4860
CAPITAL ONE FINANCIAL COM 14040H105 543 3598 SH Sole 3598
CARDINAL HEALTH INC COM 14149y108 574 8700 SH Sole 8700
CARNIVAL CORPORATION COM 1270 26150 SH Sole 26150
CARRAMERICA REALTY CORP COM 144418100 250 11350 SH Sole 11350
CEDAR FAIR L P COM 150185106 353 14040 SH Sole 14040
CHASE MANHATTAN CORP COM 163722101 505 6200 SH Sole 6200
CHESAPEAKE ENERGY CORP COM 27 20000 SH Sole 20000
CISCO SYSTEMS COM 17275R102 2187 19960 SH Sole 19960
CITIGROUP INC COM 172967101 1339 20959 SH Sole 20959
CLAYTON HOMES INC COM 184190106 401 36275 SH Sole 36275
COLGATE-PALMOLIVE COM 194162103 74 800 SH Sole 800
COMPAQ COMPUTER CORP COM 204493100 1587 50091 SH Sole 50091
COMPUTER ASSOCIATES COM 204912109 1925 54139 SH Sole 53989
DANAHER CORP COM 235851102 2289 43800 SH Sole 43800
DAYTON HUDSON CORPORATION COM 936 14050 SH Sole 14050
DELTA AIR LINES DEL COM COM 156 2250 SH Sole 2250
DENTSPLY INTERNATIONAL INC COM 604 26000 SH Sole 26000
DEVELOPERS DIVERSIFIED RLTY COM 251591103 226 15800 SH Sole 15800
DIEBOLD INC COM COM 452 18850 SH Sole 18850
DISNEY WALT CO DEL COM 254687106 712 22860 SH Sole 22860
DU PONT E I DE NEMOURS COM 263534109 450 7750 SH Sole 7750
DUKE ENERGY CORP COM 937 17089 SH Sole 17089
EMC CORP COM 268648102 4720 36950 SH Sole 36950
EMERSON ELECTRIC COM 53 1000 SH Sole 1000
EXXON CORP COM 302290101 1093 15493 SH Sole 15493
FANNIE MAE COM 313586109 852 12310 SH Sole 12310
FIRST UNION CORP COM 337358105 465 8699 SH Sole 8699
FIRST VIRGINIA BANK COM 337477103 228 5000 SH Sole 5000
FORCENERGY INC COM 32 15000 SH Sole 15000
FREDDIE MAC COM 313400301 858 14970 SH Sole 14970
FRONTIER CORP COM 771758109 1323 25512 SH Sole 25512
GANNETT INC COM 2009 31895 SH Sole 31895
GAP INC. COM 540 8024 SH Sole 8024
GENERAL ELEC CO COM 369604103 6297 56923 SH Sole 56923
GILLETTE CO COM 375766102 676 11372 SH Sole 11372
GTE CORP COM 362320103 1637 27051 SH Sole 27051
HALLIBURTON COMPANY COM 406216101 1212 31475 SH Sole 31475
HEINZ, H J CO COM 423074103 251 5300 SH Sole 5300
HEWLETT PACKARD CO COM 428236103 134 1980 SH Sole 1980
HOME DEPOT INC COM 437076102 2123 34098 SH Sole 34098
HOOPER HOLMES INC COM 439104100 211 13500 SH Sole 13500
ICF KAISER INTL INC COM 99 131719 SH Sole 131719
INDYMAC MORTGAGE HOLDINGS INC COM 456607100 126 11626 SH Sole 11626
INTEL CORPORATION COM 458140100 2257 18985 SH Sole 18985
INTERNATIONAL BUSINESS MACHINE COM 459200101 1182 6666 SH Sole 6666
INTERNATIONAL PAPER COM 1037 24575 SH Sole 24575
INTIMATE BRANDS INC COM 707 14700 SH Sole 14700
IXC COMMUNICATIONS COM 229 5000 SH Sole 5000
JOHNSON & JOHNSON COM 478160104 589 6300 SH Sole 6300
KEYCORP NEW COM COM 529 17462 SH Sole 17462
LUCENT TECHNOLOGIES INC COM 532 4928 SH Sole 4928
MC DONALDS CORP COM 580135101 265 5840 SH Sole 5840
MCI WORLDCOM INC COM 98155K102 6534 73775 SH Sole 73775
MEDITRUST PAIRED SBI COM 58501T108 222 17837 SH Sole 17837
MEDTRONIC INC COM COM 575 8000 SH Sole 8000
MELLON BANK CORP COM 1643 23350 SH Sole 23350
MERCK & CO INC COM 589331107 2251 28096 SH Sole 28096
MICROSOFT CORP COM 594918104 3396 37890 SH Sole 37890
MOBIL CORP COM 607059102 1874 21292 SH Sole 21232
MONSANTO COMPANY COM 611662107 2180 47460 SH Sole 47360
MONY GROUP INC COM 615337102 374 15050 SH Sole 15050
MORGAN J P & CO INC COM 148 1200 SH Sole 1200
MOSSIMO INC COM 619696107 151 15000 SH Sole 15000
NEW PLAN EXCEL REALTY TRUST COM 648053106 501 26100 SH Sole 26100
NEXTEL COMMUNICATIONS CL A COM 218 5942 SH Sole 5942
NORTHERN BORDER COM 664785102 249 8150 SH Sole 8150
OCCIDENTAL PETE CORP DEL COM 674599105 245 13600 SH Sole 13600
OFFICE DEPOT COM 676220106 1545 41275 SH Sole 41275
ORACLE CORP COM 68389X105 560 21238 SH Sole 21238
PEPSICO INC COM 713448108 3526 89983 SH Sole 89883
PFIZER INC COM 717081103 1613 11626 SH Sole 11626
PHILIP MORRIS COS INC COM 718154107 426 12100 SH Sole 12100
PHP HEALTHCARE CORP COM 1 24000 SH Sole 24000
PRAXAIR INC COM 74005P104 411 11390 SH Sole 11390
PROCTER & GAMBLE CO COM 742718109 935 9552 SH Sole 9552
PSINET INC COM 796 18700 SH Sole 18700
QUALCOMM INC COM 747525103 4383 35240 SH Sole 35140
RELIASTAR FINANCIAL CORP COM 1490 34954 SH Sole 34779
REPUBLIC NEW YORK CORP COM 760719104 346 7510 SH Sole 7335
SARA LEE CORP COM 803111103 389 15700 SH Sole 15700
SBC COMMUNICATIONS INC. COM 78387G103 1524 32294 SH Sole 32294
SCHERING PLOUGH CORP COM 806605101 3908 70735 SH Sole 70735
SCHLUMBERGER LTD COM 806857108 1297 21550 SH Sole 21550
SEALED AIR CORP COM 503 10226 SH Sole 10226
SERVICEMASTER COMPANY COM 817615107 1251 61574 SH Sole 61574
SLM HOLDING CORP COM 78442A109 559 13390 SH Sole 13390
SPRINT CORP FON GROUP COM 852061100 721 7346 SH Sole 7346
SPRINT CORP PCS GROUP COM 852061506 375 8473 SH Sole 8473
STAPLES INC COM 855030102 555 16869 SH Sole 16869
TECHNOLOGY SECTOR INDEX COM 81369y803 1448 39560 SH Sole 39235
TELEGLOBE INC COM 87941v100 263 8680 SH Sole 8680
TELLABS INC COM COM 1135 11610 SH Sole 11610
TEXACO INC COM 881694103 254 4470 SH Sole 4470
TIME WARNER INC COM 887315109 3899 55055 SH Sole 54915
TJX COS INC (new) COM 221 6500 SH Sole 6500
TYCO INTERNATIONAL LTD NEW COM 2674 37265 SH Sole 37265
UNITED NATURAL FOODS INC COM 1105 47275 SH Sole 47275
UNIVERSAL FOREST PRODUCTS COM 913543104 335 16350 SH Sole 16350
VALSPAR CORP COM 1500 47530 SH Sole 47530
VIRAGEN INC COM 5 10400 SH Sole 10400
WACHOVIA CORP COM 210 2589 SH Sole 2589
WAL MART STORES INC COM 931142103 378 4100 SH Sole 4100
WALGREEN COMPANY COM 929 32900 SH Sole 32900
WARNER-LAMBERT CO COM 338 5100 SH Sole 5100
WASHINGTON REAL ESTATE I COM 939653101 306 18750 SH Sole 18750
WATSCO INC COM 942622200 281 19225 SH Sole 19225
WATSON PHARMACEUTICAL INC COM 942683103 843 19100 SH Sole 19100
WELLS FARGO & COMPANY NEW COM 664 18925 SH Sole 18925
WILLAMETTE INDUSTRIES INC COM 969133107 425 11250 SH Sole 11250
NEUBERGER&BERMAN EQTY GENESIS 142 10835.11 SH Sole 10264.50
SCUDDER GROWTH & INCOM 218 8364.71 SH Sole 8364.71
STANDARD COML CORP CONV 12 20000 PRN Sole 20000
U.S. FILTER CORP CONV 911843AF7 309 315000 PRN Sole 315000
SEALED AIR CONV PFD A PFD CV 81211k209 4036 81526 SH Sole 81226
HOUSTON INDS PFD 7% 7/1/00 PFD 442161204 1428 11850 SH Sole 11850
UTS EFT AGGRESSIVE GROWTH 98A- 5747891.000 SH Sole 47891.000
REPORT SUMMARY 142 DATA RECORDS 148288 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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