UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter ended: December 31, 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 February 11, 2000
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: 76
FORM 13F INFORMATION TABLE VALUE TOTAL: 177390
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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 1331 28200 SH
SOLE 28200
AT&T Corp. COM 001957109 1271 25010 SH
SOLE 25010
Abbott Labs COM 002824100 1100 30300 SH
SOLE 30300
American International Group COM 026874107 2888 26714 SH
SOLE 26714
Amgen Inc. COM 031162100 333 5545 SH
SOLE 5545
Automatic Data Processing COM 053015103 4229 78500 SH
SOLE 78500
Bank Of America Corp. COM 060505104 970 19320 SH
SOLE 19320
Bell Atlantic Corp. COM 077853109 735 11934 SH
SOLE 11934
BellSouth Corp. COM 079860102 542 11576 SH
SOLE 11576
Best Buy Co. COM 086516101 240 4775 SH
SOLE 4775
Bristol Myers Squibb COM 110122108 4224 65800 SH
SOLE 65800
Cardinal Health, Inc. COM 14149Y108 244 5100 SH
SOLE 5100
Chevron COM 166751107 1866 21540 SH
SOLE 21540
Cintas Corp. COM 172908105 3427 64500 SH
SOLE 64500
Cisco Systems COM 17275R102 11271 105214 SH
SOLE 105214
Citigroup Inc. COM 172967101 1985 35637 SH
SOLE 35637
Coastal Corp COM 190441105 638 18000 SH
SOLE 18000
Coca-Cola COM 191216100 647 11100 SH
SOLE 11100
Colgate - Palmolive COM 194162103 3096 47625 SH
SOLE 47625
Computer Associates COM 204912091 525 7500 SH
SOLE 7500
Conoco Inc. - B COM 208251405 228 9176 SH
SOLE 9176
Danaher Corp. COM 235851102 1086 22500 SH
SOLE 22500
Dell Computer Corp. COM 247025109 1047 20525 SH
SOLE 20525
Disney Co. COM 254687106 243 8300 SH
SOLE 8300
Dollar General COM 256669102 2201 96739 SH
SOLE 96739
Dow Chemical COM 260543103 395 2954 SH
SOLE 2954
Du Pont COM 263534976 381 5789 SH
SOLE 5789
Emerson Electric COM 291011104 229 4000 SH
SOLE 4000
Exxon Mobil Corp. COM 30231G102 6228 77308 SH
SOLE 77308
Fannie Mae COM 313586109 3673 58825 SH
SOLE 58825
Finova Group, Inc. COM 317928109 2022 56950 SH
SOLE 56950
Fiserv, Inc. COM 337738108 3628 94700 SH
SOLE 94700
GTE Corp. COM 362320103 1207 17100 SH
SOLE 17100
Gap, Inc. COM 364760108 1389 30193 SH
SOLE 30193
General Electric COM 369604103 13620 88010 SH
SOLE 88010
Gillette COM 375766102 832 20200 SH
SOLE 20200
HRPT Properties Trust COM 40426W101 103 11400 SH
SOLE 11400
Hewlett-Packard Co. COM 428236103 364 3200 SH
SOLE 3200
Home Depot COM 437076102 4398 63965 SH
SOLE 63965
Infinity Broadcasting COM 45662S102 1084 29950 SH
SOLE 29950
Innkeepers USA Trust COM 4576J0104 111 13500 SH
SOLE 13500
Intel Corp. COM 458140100 5999 72876 SH
SOLE 72876
International Business Machine COM 459200101 8356 77463 SH
SOLE 77463
Johnson & Johnson COM 478160104 5606 60119 SH
SOLE 60119
KLA - Tencor Corp. COM 482480100 557 5000 SH
SOLE 5000
Lucent Technologies, Inc. COM 549463107 9598 127979 SH
SOLE 127979
McDonalds COM 580135101 270 6700 SH
SOLE 6700
Merck COM 589331107 3857 57400 SH
SOLE 57400
Microsoft COM 594918104 8115 69510 SH
SOLE 69510
Morgan Stanley, Dean Witter Di COM 617446448 6220 43576 SH
SOLE 43576
Nextel Communications Inc. - A COM 65332V103 2651 25705 SH
SOLE 25705
Nokia Corp. COM 654902204 4280 22400 SH
SOLE 22400
Omnicom Group, Inc. COM 681919106 1256 12565 SH
SOLE 12565
Oracle Systems COM 68389X105 7011 62561 SH
SOLE 62561
Pepsico COM 713448108 1061 30100 SH
SOLE 30100
Pfizer Inc. COM 717081103 2791 86035 SH
SOLE 86035
Procter & Gamble COM 742718109 4477 40860 SH
SOLE 40860
SBC Communications COM 78387G103 1418 29093 SH
SOLE 29093
Safeway COM 786514208 2559 71585 SH
SOLE 71585
Sara Lee COM 803111103 254 11525 SH
SOLE 11525
Schering-Plough COM 806605101 1070 25250 SH
SOLE 25250
Siebel Systems, Inc. COM 826170102 2068 24625 SH
SOLE 24625
Staples Inc. COM 855030102 3189 153700 SH
SOLE 153700
Sun Microsystems COM 866810104 214 2760 SH
SOLE 2760
Tellabs, Inc. COM 879664100 347 5400 SH
SOLE 5400
Tiffany & Co COM 886547108 654 7325 SH
SOLE 7325
U.S. Bancorp COM 902973106 787 33035 SH
SOLE 33035
Viacom A COM 925524100 361 5975 SH
SOLE 5975
Wal Mart COM 931142103 489 7075 SH
SOLE 7075
Walgreen COM 931422109 2069 70720 SH
SOLE 70720
Warner-Lambert COM 934488107 1151 14050 SH
SOLE 14050
Wells Fargo COM 949746101 291 7185 SH
SOLE 7185
Westamerica Bancorporation COM 957090103 251 9000 SH
SOLE 9000
Williams Companies, Inc. COM 969457100 605 19800 SH
SOLE 19800
Xerox COM 984121103 1310 57738 SH
SOLE 57738
Felcor Lodging Tr $1.95 Ser A 31430F200 172 11100 SH
SOLE 11100
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