SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
NAME OF REPORTING MANAGER: GENESIS ASSET MANAGERS LIMITED
If Amended Report Check Here [X]
Report for the Calendar Year or Quarter Ended: 03/31/99
Institutional Investment Manager: GENESIS ASSET MANAGERS LIMITED
I REPRESENT THAT I AM AUTHORIZED TO SUBMIT THIS FORM AND THAT ALL INFORMATION IN
THIS FORM AND THE ATTACHMENTS TO IT ARE TRUE, CORRECT AND COMPLETE, AND I
UNDERSTAND THAT ALL REQUIRED ITEMS, STATEMENTS AND SCHEDULES ARE INTEGRAL PARTS
OF THIS FORM AND THAT THE SUBMISSION OF ANY AMENDMENT REPRESENTS THAT ALL
UNAMENDED ITEMS, STATEMENTS AND SCHEDULES REMAIN TRUE, CORRECT AND COMPLETE AS
PREVIOUSLY SUBMITTED.
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
Name, Title and Telephone Number of Person Submitting Report:
Jeremy D. Paulson-Elis, Member
Phone: 011 44 171 235 5040
Signature, Place and Date of Signing:
/s/Jeremy D. Paulson-Elis
London, UK
5/13/99
Other Managers on Whose Behalf this Report is Filed:
Genesis Asset Managers International LTD 28-6418
Genesis Asset Managers International Limited 28-7436
Managers Reporting on Behalf of Reporting Manager:
None
REPORT SUMMARY:
Number of Other Included Managers: (1)One
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Form 13F Information Table Entry Total: 35
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Form 13F Information Table Value Total: 1,364,608,003
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REPORT PTR289 3Y CHOATE HALL & STEWART SECURITIES AND EXCHANGE COMMISSION FORM 13-F
MANAGER (JMC) AS OF 03/31/99
INVESTMENT
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
MANAGERS
NAME OF ISSUER TITLE OFCUSIP NUMBER FAIR MARKET SHARES OR a) SOLE c) NONE a)SOLE b)SHARED AS c)SHARED
CLASS VALUE ($) PRINCIPAL (b)SHARED DEFINED BY OTHER
(X 1000) AMOUNT INSTR. V
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Ashanti Goldfields GDR 043743202 80945 9250875 SOLE 1 9250875
Banco Latino America de Export CL E P16994132 35233 1355102 SOLE 1 1355102
Banco Santiago ADR 05965L105 2816 159800 SOLE 159800
Central European Media Ent CLA G20045103 23196 1801616 SOLE 1801616
Compania de Telecornunicaciones ADR 204449300 20897 886875 SOLE 886875
Desc ADR 250309101 96642 3621228 SOLE 3621228
Distribucion y Servicios (D&S) ADR 254753106 48673 3953100 SOLE 3953100
Embotelladora Andina ADR A 29081P204 39068 2572400 SOLE 2572400
Embotelladora Andina ADR B 29081P303 29407 2376300 SOLE 2376300
Enersis ADR 29274F104 69497 2591951 SOLE 2591951
Femsa ADS 344419106 73510 2376095 SOLE 2376095
Gener ADR 368731105 23160 1260419 SOLE 1260419
Grupo Industrial Durango ADS 40048E109 1163 150000 SOLE 150000
Gulf Indonesia Resources LTD COM 402284103 25552 3050999 SOLE 3050999
Hu heng Power Intl. ADR 443304100 31326 3152350 SOLE 3152350
Laboratorio Chile ADR 50540H104 9230 595500 SOLE 1 595500
Masisa S.A, ADR 574799102 6881 887900 SOLE 1 887900
Mavesa ADIR 577717101 14561 5294875 SOLE 1 5294875
Millicom Int'l, Com L6388F102 63659 2448433 SOLE 1 2448433
Minera Buenaventura ADS 204448104 20257 1528800 SOLE 1 1528800
OTE ADR 423325307 15031 1286100 SOLE 1 1286100
Panamerican Beverages Inc. Com P74823108 65044 3703600 SOLE 3703600
PLDT ADR 718252604 78859 3047680 SOLE 3047680
Provida ADR 00709P108 10418 555600 SOLE 555600
Quilmes Industrial ADR 74838Y108 58139 6160436 SOLE 6160436
Quinenco ADS 748718103 40801 4105800 SOLE 4105800
Santa Isabel ADR 802233106 2916 333200 SOLE 333200
Southern Peru Ltd COM 843611104 2229 221486 SOLE 221486
Telebras HOLDRS 879281R106 3064 38000 SOLE 38000
Telefonica de Argentina ADS 879378206 1809 59798 SOLE 59798
Telefonica del Peru ADS 879384105 57250 4490165 SOLE 4490165
Telefonos de Mexico ADS ADS L 879403780 168379 2551200 SOLE 2551200
(series L)
Transport Maritime Mexicana ADS A 893868307 2058 406500 SOLE 406500
TV Azteca ADR 901145102 44816 7170500 SOLE 7170500
YPF S A ADS CL D 984245100 98123 3108863 SOLE 3108863
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REPORT SUMMARY 83 DATA RECORDS 1364608 1 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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