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 [ x ]; Amendment Number:
This Amendment (Check only one.): [ x ] is a restatement.
[ ] adds new holdings entries.
Investment Manager Filing this Report:
Name: Rayner Associates, Inc.
Address: 655 Redwood Highway
Suite 370
Mill Valley, California 94941
13F File Number: 28-6446
The 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 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: Arno A. Rayner
Title: President
Phone: 415-332-7433
Signature, Place, and Date of Signing:
Arno A. Rayner Mill Valley, California August 18, 1999
Report Type:
[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 13F SUMMARY PAGE
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 75
FORM 13F INFORMATION TABLE VALUE TOTAL: 164213
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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>
AFLAC, Inc. COM 001055102 1376 28750 SH
SOLE 28750
AT&T Corp. COM 001957109 1493 26750 SH
SOLE 26750
Abbott Labs COM 002824100 2477 54600 SH
SOLE 54600
Albertsons COM 013104104 289 5600 SH
SOLE 5600
Allstate Corp. COM 020002101 242 6740 SH
SOLE 6740
American International Group COM 026874107 1760 15007 SH
SOLE 15007
Automatic Data Processing COM 053015103 4140 94100 SH
SOLE 94100
Banc One Corp. COM 06423A103 203 3400 SH
SOLE 3400
Bank Of America Corp. COM 060505104 1580 21551 SH
SOLE 21551
Bell Atlantic Corp. COM 077853109 813 12430 SH
SOLE 12430
BellSouth Corp. COM 079860102 418 9072 SH
SOLE 9072
Bristol Myers Squibb COM 110122108 4888 69400 SH
SOLE 69400
Cardinal Health, Inc. COM 14149Y108 1815 28300 SH
SOLE 28300
Chevron COM 166751107 2057 21640 SH
SOLE 21640
Cintas Corp. COM 172908105 4441 66100 SH
SOLE 66100
Cisco Systems COM 17275R102 6229 96670 SH
SOLE 96670
Citigroup Inc. COM 172967101 1817 38250 SH
SOLE 38250
Coastal Corp COM 190441105 829 20600 SH
SOLE 20600
Coca-Cola COM 191216100 645 10400 SH
SOLE 10400
Colgate - Palmolive COM 194162103 2413 24500 SH
SOLE 24500
Computer Associates COM 204912091 411 7500 SH
SOLE 7500
Conseco, Inc. COM 208464107 259 8500 SH
SOLE 8500
Danaher Corp. COM 235851102 907 15600 SH
SOLE 15600
Dell Computer Corp. COM 247025109 400 10800 SH
SOLE 10800
Disney Co. COM 254687106 849 27561 SH
SOLE 27561
Dollar General COM 256669102 3012 103857 SH
SOLE 103857
Dow Chemical COM 260543103 381 3004 SH
SOLE 3004
Du Pont COM 263534976 635 9300 SH
SOLE 9300
Emerson Electric COM 291011104 346 5500 SH
SOLE 5500
Exxon COM 302290101 2393 31032 SH
SOLE 31032
Fannie Mae COM 313586109 4165 61025 SH
SOLE 61025
Finova Group, Inc. COM 317928109 2915 55400 SH
SOLE 55400
Fiserv, Inc. COM 337738108 2572 82125 SH
SOLE 82125
Fox Entertainment Group - A COM 35138T107 307 11400 SH
SOLE 11400
GTE Corp. COM 362320103 1502 19900 SH
SOLE 19900
Gap, Inc. COM 364760108 254 5037 SH
SOLE 5037
General Electric COM 369604103 9815 86860 SH
SOLE 86860
Gillette COM 375766102 1960 47800 SH
SOLE 47800
HRPT Properties Trust COM 40426W101 366 23900 SH
SOLE 23900
Heinz COM 423074103 221 4400 SH
SOLE 4400
Hewlett-Packard Co. COM 428236103 231 2300 SH
SOLE 2300
Home Depot COM 437076102 2832 43950 SH
SOLE 43950
Informix Corp. COM 456779107 96 11300 SH
SOLE 11300
Innkeepers USA Trust COM 4576J0104 356 35600 SH
SOLE 35600
Intel Corp. COM 458140100 3915 65800 SH
SOLE 65800
International Business Machine COM 459200101 10863 84048 SH
SOLE 84048
Johnson & Johnson COM 478160104 5507 56195 SH
SOLE 56195
KLA - Tencor Corp. COM 482480100 324 5000 SH
SOLE 5000
Lucent Technologies, Inc. COM 549463107 9204 136486 SH
SOLE 136486
McDonalds COM 580135101 288 7000 SH
SOLE 7000
Merck COM 589331107 4282 58162 SH
SOLE 58162
Microsoft COM 594918104 6205 68800 SH
SOLE 68800
Mobil COM 607059102 3073 31120 SH
SOLE 31120
Morgan Stanley, Dean Witter Di COM 617446448 4439 43256 SH
SOLE 43256
Omnicom Group, Inc. COM 681919106 432 5400 SH
SOLE 5400
Oracle Systems COM 68389X105 2460 66262 SH
SOLE 66262
Pepsico COM 713448108 2596 67100 SH
SOLE 67100
Pfizer Inc. COM 717081103 1888 17320 SH
SOLE 17320
Procter & Gamble COM 742718109 2731 30600 SH
SOLE 30600
SBC Communications COM 78387G103 1684 29036 SH
SOLE 29036
Safeway COM 786514208 4527 91450 SH
SOLE 91450
Sara Lee COM 803111103 544 24000 SH
SOLE 24000
Schering-Plough COM 806605101 861 16400 SH
SOLE 16400
Staples Inc. COM 855030102 6201 200425 SH
SOLE 200425
Tellabs, Inc. COM 879664100 365 5400 SH
SOLE 5400
U.S. Bancorp COM 902973106 1176 35235 SH
SOLE 35235
UnumProvident Corp. COM 91529Y106 219 4000 SH
SOLE 4000
Walgreen COM 931422109 1500 51070 SH
SOLE 51070
Warner-Lambert COM 934488107 1913 27670 SH
SOLE 27670
Wells Fargo COM 949746101 217 5080 SH
SOLE 5080
Westamerica Bancorporation COM 957090103 328 9000 SH
SOLE 9000
Williams Companies, Inc. COM 969457100 915 21500 SH
SOLE 21500
Xerox COM 984121103 7106 120318 SH
SOLE 120318
Felcor Lodging Tr $1.95 Ser A 31430F200 483 23800 SH
SOLE 23800
K-Mart Conv. Pfd. 7.75% 498778208 854 14600 SH
SOLE 14600
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