UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 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, #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 requied 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 August 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.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of other Included Managers: 0
Form 13F Information Table Entry Total: 146 data records
Form 13F Information Table Value Total: $160,709
List of Other Included Managers:
No. 13F File Number Name
NONE
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INFORMATION TABLE
POTOMAC ASSET MANAGEMENT COMPANY, INC.
FORM 13F
June 30, 1999
Voting Authority
--------------------------
Value Shares/ Sh/ Put/
Name of Issuer Title of class CUSIP (x$1000) Prn Amt Prn
Call Dscretn Managers Sole Shared None
- ------------------------------ ---------------- --------- --------
3COM CORP COM 383 14350 SH
Sole 14350
ABBOTT LABS COM 002824100 1268 27952 SH
Sole 27952
AES CORP COM COM 222 3822 SH
Sole 3822
ALBERTSON'S, INC COM 353 6840 SH
Sole 6840
ALZA CORP COM 022615108 695 13670 SH
Sole 13670
AMERICA ONLINE INC DEL COM COM 176 1600 SH
Sole 1600
AMERICAN HOME PRODS CORP COM 026609107 4420 77037 SH
Sole 77037
AMERICAN INTERNATIONAL GROUP COM 026874107 3186 27169 SH
Sole 27169
AMERICAN MANAGEMENT SYSTEMS, I COM 1935 60366 SH
Sole 60366
AMERICAN POWER CONVERSION COM 029066107 1719 85410 SH
Sole 85410
APPLIED CELLULAR TECH COM COM 3 1000 SH
Sole 1000
AT&T LIBERTY MEDIA GROUP A COM 362 9860 SH
Sole 9860
AUTOMATIC DATA PROCESSING COM 053015103 1195 27150 SH
Sole 27150
BANC ONE CORP COM 059438101 215 3616 SH
Sole 3616
BANK OF NY CO INC COM 064057102 1000 27250 SH
Sole 27250
BANKAMERICA CORP COM COM 1111 15148 SH
Sole 15148
BARRICK GOLD CORP COM 206 10650 SH
Sole 10650
BELL ATLANTIC CORP COM 077853109 104 1596 SH
Sole 1596
BELLSOUTH CORP COM 079860102 326 7072 SH
Sole 7072
BESTFOODS COM 400 8084 SH
Sole 8084
BOEING CO COM 097023105 242 5496 SH
Sole 5496
BOWATER INC COM 102183100 688 14525 SH
Sole 14525
BP AMOCO PLC - SPONS ADR COM 055622104 1100 10142 SH
Sole 10142
BRISTOL MYERS SQUIBB CO COM 110122108 342 4860 SH
Sole 4860
CAPITAL ONE FINANCIAL COM 14040H105 467 8394 SH
Sole 8394
CARDINAL HEALTH INC COM 14149y108 430 6700 SH
Sole 6700
CARNIVAL CORPORATION COM 1273 26250 SH
Sole 26250
CARRAMERICA REALTY CORP COM 144418100 259 10350 SH
Sole 10350
CEDAR FAIR L P COM 150185106 325 13040 SH
Sole 13040
CHASE MANHATTAN CORP COM 163722101 493 5700 SH
Sole 5700
CHESAPEAKE ENERGY CORP COM 44 15000 SH
Sole 15000
CISCO SYSTEMS COM 17275R102 2554 39638 SH
Sole 39638
CITIGROUP INC COM 172967101 1612 33938 SH
Sole 33938
CLAYTON HOMES INC COM 184190106 378 33076 SH
Sole 33076
COLGATE-PALMOLIVE COM 194162103 79 800 SH
Sole 800
COMPAQ COMPUTER CORP COM 204493100 779 32891 SH
Sole 32891
COMPUTER ASSOCIATES COM 204912109 2841 51889 SH
Sole 51739
CONSTELLATION ENERGY GROUP COM 210371100 377 12714 SH
Sole 12714
DANAHER CORP COM 235851102 2543 43750 SH
Sole 43750
DAYTON HUDSON CORPORATION COM 864 13300 SH
Sole 13300
DELTA AIR LINES DEL COM COM 130 2250 SH
Sole 2250
DENTSPLY INTERNATIONAL INC COM 670 23200 SH
Sole 23200
DEVELOPERS DIVERSIFIED RLTY COM 251591103 272 16100 SH
Sole 16100
DIEBOLD INC COM COM 530 18450 SH
Sole 18450
DISNEY WALT CO DEL COM 254687106 630 20460 SH
Sole 20460
DOMINION RESOURCES INC VA COM 257470104 346 8000 SH
Sole 8000
DU PONT E I DE NEMOURS COM 263534109 591 8650 SH
Sole 8650
DUKE ENERGY CORP COM 928 17049 SH
Sole 17049
EMC CORP COM 268648102 3407 61950 SH
Sole 61950
EMERSON ELECTRIC COM 63 1000 SH
Sole 1000
EXXON CORP COM 302290101 1199 15542 SH
Sole 15542
FANNIE MAE COM 313586109 823 12060 SH
Sole 12060
FIRST UNION CORP COM 337358105 246 5216 SH
Sole 5216
FIRST VIRGINIA BANK COM 337477103 224 4563 SH
Sole 4563
FORCENERGY INC COM 14 15000 SH
Sole 15000
FREDDIE MAC COM 313400301 842 14510 SH
Sole 14510
FRONTIER CORP COM 771758109 1449 24712 SH
Sole 24712
GANNETT INC COM 2088 29260 SH
Sole 29260
GAP INC. COM 605 12018 SH
Sole 12018
GENERAL ELEC CO COM 369604103 6184 54723 SH
Sole 54723
GILLETTE CO COM 375766102 449 10942 SH
Sole 10942
GTE CORP COM 362320103 2057 27251 SH
Sole 27251
HALLIBURTON COMPANY COM 406216101 1402 30975 SH
Sole 30975
HEINZ, H J CO COM 423074103 266 5300 SH
Sole 5300
HEWLETT PACKARD CO COM 428236103 199 1980 SH
Sole 1980
HOME DEPOT INC COM 437076102 2120 32898 SH
Sole 32898
I N G GROUP N V ADS COM 133 2420 SH
Sole 2420
ICF KAISER INTL INC COM 44 117719 SH
Sole 117719
INDYMAC MORTGAGE HOLDINGS INC COM 456607100 186 11629 SH
Sole 11629
INTEL CORPORATION COM 458140100 2163 36350 SH
Sole 36350
INTERNATIONAL BUSINESS MACHINE COM 459200101 1715 13272 SH
Sole 13272
INTERNATIONAL PAPER COM 1679 33410 SH
Sole 33410
INTIMATE BRANDS INC COM 681 14385 SH
Sole 14385
JOHNSON & JOHNSON COM 478160104 529 5400 SH
Sole 5400
KEYCORP NEW COM COM 492 15312 SH
Sole 15312
LUCENT TECHNOLOGIES INC COM 1539 22824 SH
Sole 22824
MBNA CORP COM 55262L100 209 6825 SH
Sole 6825
MC DONALDS CORP COM 580135101 240 5840 SH
Sole 5840
MCI WORLDCOM INC COM 98155K102 5863 68123 SH
Sole 68123
MEDITRUST PAIRED SBI COM 58501T108 226 17337 SH
Sole 17337
MELLON BANK CORP COM 1648 45300 SH
Sole 45300
MERCK & CO INC COM 589331107 1896 25746 SH
Sole 25746
MICROSOFT CORP COM 594918104 3498 38790 SH
Sole 38790
MINNESOTA MNG & MFG CO COM 604059105 52 600 SH
Sole 600
MOBIL CORP COM 607059102 2011 20367 SH
Sole 20307
MONSANTO COMPANY COM 611662107 2253 56960 SH
Sole 56860
MORGAN J P & CO INC COM 169 1200 SH
Sole 1200
MOSSIMO INC COM 619696107 134 15000 SH
Sole 15000
NATIONAL SEMICONDUCTOR CORP COM 299 11800 SH
Sole 11800
NEW PLAN EXCEL REALTY TRUST COM 648053106 427 23700 SH
Sole 23700
NEXTEL COMMUNICATIONS CL A COM 298 5942 SH
Sole 5942
NORTHERN BORDER COM 664785102 253 8150 SH
Sole 8150
OCCIDENTAL PETE CORP DEL COM 674599105 287 13600 SH
Sole 13600
OFFICE DEPOT COM 676220106 1039 47075 SH
Sole 47075
ORACLE CORP COM 68389X105 796 21449 SH
Sole 21449
PARKER-HANNIFIN CORP COM 291 6350 SH
Sole 6350
PEPSICO INC COM 713448108 3037 78508 SH
Sole 78408
PFIZER INC COM 717081103 1454 13336 SH
Sole 13336
PHILIP MORRIS COS INC COM 718154107 474 11800 SH
Sole 11800
PHP HEALTHCARE CORP COM 0 24000 SH
Sole 24000
PRAXAIR INC COM 74005P104 1588 32440 SH
Sole 32440
PRE-PAID LEGAL SERVICES COM 740065107 203 7500 SH
Sole 7500
PROCTER & GAMBLE CO COM 742718109 817 9152 SH
Sole 9152
PSINET INC COM 700 16000 SH
Sole 16000
QUALCOMM INC COM 747525103 10656 74260 SH
Sole 74110
RELIASTAR FINANCIAL CORP COM 1535 35083 SH
Sole 34908
REPUBLIC NEW YORK CORP COM 760719104 476 6975 SH
Sole 6800
ROYAL DUTCH PETROLEUM COM 780257705 181 3000 SH
Sole 3000
SBC COMMUNICATIONS INC. COM 78387G103 1838 31682 SH
Sole 31682
SCHERING PLOUGH CORP COM 806605101 2989 56930 SH
Sole 56930
SCHLUMBERGER LTD COM 806857108 1575 24735 SH
Sole 24735
SEALED AIR CORP COM 503 7746 SH
Sole 7746
SERVICEMASTER COMPANY COM 817615107 941 50174 SH
Sole 50174
SHARED MEDICAL SYSTEMS CORP COM 819486101 525 8050 SH
Sole 8050
SLM HOLDING CORP COM 78442A109 473 10330 SH
Sole 10330
SPRINT CORP FON GROUP COM 852061100 779 14692 SH
Sole 14692
SPRINT CORP PCS GROUP COM 852061506 1699 29808 SH
Sole 29808
STAPLES INC COM 855030102 434 14019 SH
Sole 14019
TECHNOLOGY SECTOR INDEX COM 81369y803 1659 40973 SH
Sole 40648
TELLABS INC COM COM 1474 21820 SH
Sole 21820
TEXACO INC COM 881694103 291 4670 SH
Sole 4670
TEXAS INSTRUMENTS COM 882508104 230 1600 SH
Sole 1600
TIME WARNER INC COM 887315109 4850 66782 SH
Sole 66642
TJX COS INC (new) COM 223 6700 SH
Sole 6700
TYCO INTERNATIONAL LTD NEW COM 3950 41685 SH
Sole 41685
UNITED NATURAL FOODS INC COM 1096 44275 SH
Sole 44275
UNIVERSAL FOREST PRODUCTS COM 913543104 379 17650 SH
Sole 17650
VALSPAR CORP COM 1913 50355 SH
Sole 50355
VIRAGEN INC COM 8 10400 SH
Sole 10400
VODAFONE AIRTOUCH PLC-SP ADR COM 4235 21498 SH
Sole 21498
WACHOVIA CORP COM 222 2589 SH
Sole 2589
WAL MART STORES INC COM 931142103 782 16200 SH
Sole 16200
WALGREEN COMPANY COM 834 28400 SH
Sole 28400
WARNER-LAMBERT CO COM 353 5100 SH
Sole 5100
WASHINGTON REAL ESTATE I COM 939653101 299 17650 SH
Sole 17650
WATSCO INC COM 942622200 260 15850 SH
Sole 15850
WATSON PHARMACEUTICAL INC COM 942683103 652 18600 SH
Sole 18600
WELLS FARGO & COMPANY NEW COM 931 21775 SH
Sole 21775
WILLAMETTE INDUSTRIES INC COM 969133107 507 11000 SH
Sole 11000
ACM MANAGED DLR INCOME COM 85 8000 SH
Sole 8000
SCHWAB CAP TR S&P 500 INVS 204 9612.85 SH
Sole 9612.85
STANDARD COML CORP CONV 12 20000 PRN
Sole 20000
U.S. FILTER CORP CONV 911843AF7 205 205000 PRN
Sole 205000
SEALED AIR CONV PFD A QPFD CV 81211k209 4986 79771 SH
Sole 79471
HOUSTON INDS PFD 7% 7/1/00 PFD 442161204 1374 11525 SH
Sole 11525
UTS EFT AGGRESSIVE GROWTH 98A- 61 47891 SH
Sole 47891
REPORT SUMMARY 146 DATA RECORDS 160709 0 OTHER MANAGERS
ON WHOSE BEHALF REPORT IS FILED
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