SECURITIES AND EXCHANGE COMMISSION
FORM 13F-HR
NAME OF REPORTING MANAGER: SENECA CAPITAL ADVISORS LLC
Report for the Calendar Year or Quarter Ended: 12/31/98
Institutional Investment Manager: SENECA CAPITAL ADVISORS LLC
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:
Greg Grimmelbein, Officer
(212) 371-1300
Signature, Place and Date of Signing:
/s/ Greg Grimmelbein
830 Third Avenue, 14th Floor
New York, NY 10022
2/16/98
REPORT SUMMARY:
Number of Other Included Managers: None
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Form 13F Information Table Entry Total: 79
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Form 13F Information Table Value Total: 272,137,410
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SECURITIES AND EXCHANGE COMMISSION
FORM 13F-HR
NAME OF REPORTING MANAGER: SENECA CAPITAL ADVISORS LLC
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<S> <C> <C>
NAME OF ISSUER TITLE OF CUSIP VALUE SHARES OR VOTING AUTHORITY
-------------- CLASS ----- x1000 PRINCIPAL ----------------
-------- ----- AMOUNT
--------- SOLE SHARED NONE
---- ------ ----
ADVANTA CORP CL B 007942 20 4 1346 121700 121700
ALLIANT TECHSYSTEMS INC COM 018804 10 4 1970 23900 23900
AMOCO CORP COM 031905 10 2 15376 244600 244600
AMOCO CORP CALL 031905 90 2 1081 172 172
AMOCO CORP CALL 031905 90 2 2276 362 362
AMP INC COM 031897 10 1 21537 413677 413677
AMP INC CALL 031897 90 2 312 60 60
AMP INC CALL 031897 90 2 1567 301 301
AMP INC CALL 031897 90 2 5607 1077 1077
AMP INC CALL 031897 90 2 3498 672 672
AMP INC CALL 031897 90 2 661 127 127
AMP INC CALL 031897 90 2 3306 635 635
AMP INC CALL 031897 90 2 11807 2268 2268
ARTERIAL VASCULAR ENGR INC COM 043013 90 1 13219 252700 252700
ARTERIAL VASCULAR ENGR INC CALL 043013 90 2 157 30 30
ARTERIAL VASCULAR ENGR INC CALL 043013 90 2 1580 302 302
ARTERIAL VASCULAR ENGR INC CALL 043013 90 2 335 64 64
ARTERIAL VASCULAR ENGR INC CALL 043013 90 2 3316 634 634
AVECOR CARDIOVASCULAR INC COM 053547 10 5 3847 314000 314000
BA MERCHANT SVCS INC CL A 055239 10 7 4850 241000 241000
BA MERCHANT SVCS INC CALL 055239 90 2 1080 537 537
BA MERCHANT SVCS INC CALL 055239 90 2 2274 1130 1130
BANKERS TR CORP COM 066050 10 5 5852 68500 68500
BOEING CO COM 097023 10 5 4617 205800 205800
BOEING CO CALL 097023 90 5 1034 317 317
BOEING CO CALL 097023 90 5 493 151 151
BRYLANE INC COM 117661 10 8 7275 312900 312900
BT FINL CORP CALL 055763 10 6 613 159 159
BT FINL CORP CALL 055763 10 6 289 75 75
CADILLAC FAIRVIEW CORP COM 126929 20 7 135 7214 7214
CALMAT CO COM 131271 10 8 5800 187100 187100
CELLULAR COMMUNICATIONS INTL COM 150918 10 0 23304 342700 342700
CELLULAR COMMUNICATIONS INTL CALL 150918 90 2 435 64 64
CELLULAR COMMUNICATIONS INTL CALL 150918 90 2 204 30 30
CENTENNIAL CELLULAR CORP CL A 15133V 10 9 3116 76000 76000
COAST FEDERAL LITIGATION TR RT 19034Q 11 0 711 108300 108300
CONCEPTS DIRECT INC COM 206013 10 4 803 95900 95900
COLTEC INDS INC COM 196879 10 0 8211 421100 421100
COLTEC INDS INC CALL 196879 90 2 1322 678 678
COLTEC INDS INC CALL 196879 90 2 2783 1427 1427
COLTEC INDS INC CALL 196879 90 2 248 127 127
COLTEC INDS INC CALL 196879 90 2 117 60 60
ENRON CORP COM 293561 90 6 5751 333400 333400
FIRST BRANDS CORP COM 319356 10 1 8140 206400 206400
FOAMEX INTL INC COM 344123 10 4 539 44900 44900
GENOVESE DRUG STORES INC DEL COM 372442 20 2 3329 116800 116800
GLOBAL INDL TECHNOLOGIES INC COM 37933G 10 8 9271 867500 867500
GLOBAL LT TELECOMMUNICATIONS COM 37934X 10 0 2342 520400 520400
GRYPHON HLDGS INC COM 400515 10 2 1771 95100 95100
INTERNATIONAL MANUFACTURING SV CL A 45985A 10 1 1386 140400 140400
MERISEL INC COM 589849 10 8 5842 2336900 2336900
MERISTAR HOTELS & RESORTS INC COM 5899988 10 4 1930 735200 735200
MELLON BK CORP COM 585509 10 0 2571 26600 26600
NAVIGANT INTL INC COM 63935R 10 8 1135 147600 147600
NINE WEST GROUP INC COM 65440D 10 2 291 18700 18700
OCTEL CORP COM 675727 10 1 649 46800 46800
OZEMAIL LTD COM 692674 10 4 2328 105500 105500
PEC ISRAEL ECONOMIC CORP COM 705098 10 1 4793 166700 166700
PEP BOYS MANNY MOE & JACK COM 713278 10 9 1749 111500 111500
PHARMACEUTICAL MARKETING SVCS COM 717123 10 3 4853 337600 337600
PHARMACEUTICAL MARKETING SVCS CALL 717123 90 2 274 191 191
PHARMACEUTICAL MARKETING SVCS CALL 717123 90 2 129 90 90
POWERHOUSE TECHNOLOGIES INC COM 739323 90 3 5260 365900 365900
QUICKTURN DESIGN SYS INC COM 74838E 10 2 11437 802600 802600
QUICKTURN DESIGN SYS INC CALL 74838E 90 2 1861 1306 1306
QUICKTURN DESIGN SYS INC CALL 74838E 90 2 885 621 621
SBARRO INC COM 805844 10 7 3415 130400 130400
TELE COMMUNCATIONS INC NEW COM 87924V 10 1 7345 132800 132800
TR FINL CORP COM 872630 10 8 727 18600 18600
TRM COPY CTRS CORP COM 872636 10 5 502 66900 66900
UNICOM CORP CALL 904911 90 4 1500 548 548
UNION CAMP CORP COM 905530 10 1 2842 42100 42100
UNION CAMP CORP CALL 905530 90 2 662 102 102
UNION CAMP CORP CALL 905530 90 2 416 64 64
UNION CAMP CORP CALL 905530 90 2 324 48 48
UNION CAMP CORP CALL 905530 90 2 203 30 30
UNIQUE CASUAL RESTAURANTS INC COM 90915K 10 0 3552 573400 573400
VENCOR ONC COM 922602 10 7 198 44100 44100
WANG LABS INC NEW COM 93369N 10 9 3570 129236 129236
REPORT SUMMARY 79 DATA RECORDS 272137 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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