UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter ended: September 30, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] 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 October 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: 71
FORM 13F INFORMATION TABLE VALUE TOTAL: 151935
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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 1267 30250 SH
SOLE 30250
AT&T Corp. COM 001957109 1151 26450 SH
SOLE 26450
Abbott Labs COM 002824100 1970 53700 SH
SOLE 53700
American International Group COM 026874107 2020 23231 SH
SOLE 23231
Automatic Data Processing COM 053015103 4079 91400 SH
SOLE 91400
Bank Of America Corp. COM 060505104 1180 21188 SH
SOLE 21188
Bell Atlantic Corp. COM 077853109 837 12430 SH
SOLE 12430
BellSouth Corp. COM 079860102 426 9472 SH
SOLE 9472
Best Buy Co. COM 086516101 420 6775 SH
SOLE 6775
Bristol Myers Squibb COM 110122108 4590 68000 SH
SOLE 68000
Cardinal Health, Inc. COM 14149Y108 1640 30100 SH
SOLE 30100
Chevron COM 166751107 1929 21740 SH
SOLE 21740
Cintas Corp. COM 172908105 3758 65000 SH
SOLE 65000
Cisco Systems COM 17275R102 6674 97344 SH
SOLE 97344
Citigroup Inc. COM 172967101 1657 37662 SH
SOLE 37662
Coastal Corp COM 190441105 819 20000 SH
SOLE 20000
Coca-Cola COM 191216100 492 10200 SH
SOLE 10200
Colgate - Palmolive COM 194162103 2242 49000 SH
SOLE 49000
Computer Associates COM 204912091 458 7500 SH
SOLE 7500
Conoco Inc. - B COM 208251405 311 11377 SH
SOLE 11377
Danaher Corp. COM 235851102 832 15800 SH
SOLE 15800
Dell Computer Corp. COM 247025109 546 13050 SH
SOLE 13050
Disney Co. COM 254687106 294 11300 SH
SOLE 11300
Dollar General COM 256669102 3141 101720 SH
SOLE 101720
Dow Chemical COM 260543103 341 3004 SH
SOLE 3004
Du Pont COM 263534976 341 5639 SH
SOLE 5639
Emerson Electric COM 291011104 322 5100 SH
SOLE 5100
Exxon COM 302290101 2442 32132 SH
SOLE 32132
Fannie Mae COM 313586109 3951 63025 SH
SOLE 63025
Finova Group, Inc. COM 317928109 2153 59000 SH
SOLE 59000
Fiserv, Inc. COM 337738108 2958 91025 SH
SOLE 91025
Fox Entertainment Group - A COM 35138T107 383 18200 SH
SOLE 18200
GTE Corp. COM 362320103 1537 20000 SH
SOLE 20000
Gap, Inc. COM 364760108 233 7287 SH
SOLE 7287
General Electric COM 369604103 10230 86285 SH
SOLE 86285
Gillette COM 375766102 1459 43000 SH
SOLE 43000
HRPT Properties Trust COM 40426W101 170 15100 SH
SOLE 15100
Hewlett-Packard Co. COM 428236103 209 2300 SH
SOLE 2300
Home Depot COM 437076102 2977 43374 SH
SOLE 43374
Informix Corp. COM 456779107 90 11300 SH
SOLE 11300
Innkeepers USA Trust COM 4576J0104 244 29400 SH
SOLE 29400
Intel Corp. COM 458140100 5132 69065 SH
SOLE 69065
International Business Machine COM 459200101 10067 83198 SH
SOLE 83198
Johnson & Johnson COM 478160104 5196 56559 SH
SOLE 56559
KLA - Tencor Corp. COM 482480100 325 5000 SH
SOLE 5000
Lucent Technologies, Inc. COM 549463107 8670 133636 SH
SOLE 133636
McDonalds COM 580135101 311 7200 SH
SOLE 7200
Merck COM 589331107 3750 57862 SH
SOLE 57862
Microsoft COM 594918104 6412 70800 SH
SOLE 70800
Mobil COM 607059102 3085 30620 SH
SOLE 30620
Morgan Stanley, Dean Witter Di COM 617446448 3804 42656 SH
SOLE 42656
Nextel Communications Inc. - A COM 65332V103 319 4700 SH
SOLE 4700
Omnicom Group, Inc. COM 681919106 701 8850 SH
SOLE 8850
Oracle Systems COM 68389X105 2948 64786 SH
SOLE 64786
Pepsico COM 713448108 1257 41200 SH
SOLE 41200
Pfizer Inc. COM 717081103 1878 52360 SH
SOLE 52360
Procter & Gamble COM 742718109 3136 33450 SH
SOLE 33450
SBC Communications COM 78387G103 1472 28836 SH
SOLE 28836
Safeway COM 786514208 3835 100750 SH
SOLE 100750
Sara Lee COM 803111103 393 16825 SH
SOLE 16825
Schering-Plough COM 806605101 820 18800 SH
SOLE 18800
Staples Inc. COM 855030102 4162 190800 SH
SOLE 190800
Tellabs, Inc. COM 879664100 307 5400 SH
SOLE 5400
U.S. Bancorp COM 902973106 1046 34635 SH
SOLE 34635
Walgreen COM 931422109 1347 53070 SH
SOLE 53070
Warner-Lambert COM 934488107 1795 27050 SH
SOLE 27050
Westamerica Bancorporation COM 957090103 272 9000 SH
SOLE 9000
Williams Companies, Inc. COM 969457100 786 20900 SH
SOLE 20900
Xerox COM 984121103 5309 126593 SH
SOLE 126593
Felcor Lodging Tr $1.95 Ser A 31430F200 247 14800 SH
SOLE 14800
K-Mart Conv. Pfd. 7.75% 498778208 376 7900 SH
SOLE 7900
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