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.
Institutional Investment Manager Filing this Report:
Name: Reich & Tang Asset Management L.P.
Address: 600 Fifth Avenue
8th Floor
New York, NY 10020
13F File Number: 28-4818
The institutional 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: Lorraine C. Hysler
Title: Secretary
Phone: 212-830-5200
Signature, Place, and Date of Signing:
Lorraine C. Hysler New York, New York November 12, 1999
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
/s/ Lorraine C. Hysler
- ----------------------
Lorraine C. Hysler
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 3
Form 13F Information Table Entry Total: 193
Form 13F Information Table Value Total: $1,713,764,000.00
List of Other Included Managers:
No. 13F File Number Name
--- --------------- ----
01 28-5952 Metlife New England Holdings, Inc.
02 28-3714 Metropolitan Life Insurance Company
03 28-1447 Nvest L.P.
<TABLE>
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>
AARON RENTS INC CL A COM 002535300 4323 293100 SH DEFINED 293100
AARON RENTS INC COM COM 002535201 6743 390900 SH DEFINED 390900
ACXIOM CORP COM COM 005125109 6475 329400 SH DEFINED 329400
AIR PRODS & CHEMS INC COM COM 009158106 301 10280 SH DEFINED 10280
ALBANY INTERNATIONAL COR COM 012348108 2942 194525 SH DEFINED 194525
ALBERTO CULVER CO. CLASS A COM 013068200 17524 895800 SH DEFINED 895800
ALLEGHENY TELEDYNE INC COM 017415100 13971 827900 SH DEFINED 827900
ALLTRISTA CORP COM COM 020040101 7592 290600 SH DEFINED 290600
AMERICAN HOME PRODUCTS COM 026609107 896 21600 SH DEFINED 21600
AMERICAN STD COS INC COM COM 029712106 1591 41200 SH DEFINED 41200
AMETEK INC NEW COM COM 031100100 4859 245272 SH DEFINED 245272
ANNALY MTG MGMT INC COM COM 035710409 107 11500 SH DEFINED 11500
APOGEE ENTERPRISES INC COM COM 037598109 6212 883500 SH DEFINED 883500
APPLIED MATLS INC COM COM 038222105 427 5500 SH DEFINED 5500
APTARGROUP INC COM COM 038336103 369 13800 SH DEFINED 13800
ARCH CHEMICALS INC COM COM 03937r102 162 10000 SH DEFINED 10000
ARMCO INC COM COM 042170100 2534 362000 SH DEFINED 362000
ATCHISON CASTING CORP COM COM 046613105 496 54000 SH DEFINED 54000
B I INCORPORATED COM NEW COM 055467203 740 92500 SH DEFINED 92500
BACOU USA INC COM COM 056439102 929 55700 SH DEFINED 55700
BALL CORP COM COM 058498106 33492 760100 SH DEFINED 760100
BALTEK CORP. COM 058822107 95 12200 SH DEFINED 12200
BECTON,DICKINSON & CO. COM 075887109 702 25000 SH DEFINED 25000
BENTON OIL & GAS CO COM COM 083288100 55 20300 SH DEFINED 20300
BERKLEY W R CORP COM COM 084423102 2238 97300 SH DEFINED 97300
BERKSHIRE HATHAWAY INC DEL COM 084670108 550 10 SH DEFINED 10
BF ENTERPRISES INC COM 055387104 83 11600 SH DEFINED 11600
BLYTH INDS INC COM COM 09643p108 29583 1054200 SH DEFINED 1054200
BMC INDUSTRIES, INC. COM 055607105 148 12000 SH DEFINED 12000
BOSTON BEER INC CL A COM 100557107 154 19376 SH DEFINED 19376
BOSTON SCIENTIFIC CORP COM COM 101137107 27138 1096500 SH DEFINED 1096500
BRISTOL MEYERS SQUIBB CO COM COM 110122108 216 3200 SH DEFINED 3200
BURLINGTON COAT FACTRY COM COM 121579106 11066 560300 SH DEFINED 560300
BURLINGTON INDS INC COM COM 121693105 23594 5243100 SH DEFINED 5243100
BUSH INDS INC CL A COM 123164105 22106 1692350 SH DEFINED 1692350
CABOT CORP COM COM 127055101 13850 583165 SH DEFINED 583165
CALGON CARBON CORP COM COM 129603106 2822 414200 SH DEFINED 414200
CAMBRIDGE BANCORP COM COM 132152109 204 2900 SH DEFINED 2900
CARPENTER TECHNOLOGY COM COM 144285103 612 25000 SH DEFINED 25000
CBRL GROUP INC COM COM 12489v106 770 49700 SH DEFINED 49700
CBS CORP COM COM 12490K107 1387 30000 SH DEFINED 30000
CENTRAL NEWSPAPERS INC CL A COM 154647101 28022 629716 SH DEFINED 629716
CERIDIAN CORP COM COM 15677T106 4278 172000 SH DEFINED 172000
CHAMPION ENTERPRISES COM COM 158496109 1755 195000 SH DEFINED 195000
CHARTWELL RE CORP COM COM 16139w109 3599 249300 SH DEFINED 249300
CISCO SYS INC COM COM 17275R102 329 4800 SH DEFINED 4800
CITATION CORP ALA COM COM 172895104 263 15500 SH DEFINED 15500
CITIGROUP INC COM COM 172967101 687 15608 SH DEFINED 15608
CK WITCO CORP COM COM 12562C108 2425 163000 SH DEFINED 163000
CLARCOR INC COM COM 179895107 9143 543800 SH DEFINED 543800
COCA COLA CO COM COM 191216100 560 11602 SH DEFINED 11602
COMMERCIAL METALS CO COM COM 201723103 3582 124600 SH DEFINED 124600
CONE MLS CORP N C COM COM 206814105 7607 1560500 SH DEFINED 1560500
CONSO PRODS CO COM COM 20854R105 277 54100 SH DEFINED 54100
CORNING INC. COM 219350105 1201 17524 SH DEFINED 17524
DANIELSON HLDG CORP COM COM 236274106 285 47500 SH DEFINED 47500
DECKERS OUTDOOR CORP COM COM 243537107 31 10000 SH DEFINED 10000
DELHAIZE AMER INC CL A COM 246688105 3218 151860 SH DEFINED 151860
DELHAIZE AMER INC CL B COM 246688204 2104 92998 SH DEFINED 92998
DELTA WOODSIDE INDUSTRIES COM 247909104 8801 3352600 SH DEFINED 3352600
DENDRITE INTL INC COM COM 248239105 20125 425932 SH DEFINED 425932
DEPARTMENT 56 INC COM COM 249509100 13908 581000 SH DEFINED 581000
DEVON ENERGY CORP NEW COM COM 25179m103 1620 39100 SH DEFINED 39100
DONNKENNY INC DEL COM COM 258006105 96 110000 SH DEFINED 110000
DUFF&PHELPS CR RATING COM COM 26432F109 639 8000 SH DEFINED 8000
DUPONT E.I. DE NEMOURS CO COM 263534109 669 11060 SH DEFINED 11060
EASTMAN KODAK CORP. COM 277461109 598 7908 SH DEFINED 7908
ELCOR CORP COM COM 284443108 16322 652900 SH DEFINED 652900
ELECTRONIC DATA SYS NW COM COM 285661104 529 10000 SH DEFINED 10000
ENGELHARD CORP COM COM 292845104 4334 237500 SH DEFINED 237500
ETEC SYS INC COM COM 26922C103 301 8000 SH DEFINED 8000
EVEREST REINS HLDGS COM COM 299808105 714 30000 SH DEFINED 30000
EXXON CORP. COM 302290101 2508 33004 SH DEFINED 33004
FAIRFIELD CMNTYS INC COM PAR $ COM 304231301 12556 1148000 SH DEFINED 1148000
FLOWSERVE CORPORATION COM 34354P105 26605 1600288 SH DEFINED 1600288
FOREST OIL CORP COM NEW COM 346091606 1570 92000 SH DEFINED 92000
FURON CO COM COM 361106107 988 39600 SH DEFINED 39600
GARTNER GROUP INC NEW CL B COM 366651206 3599 215652 SH DEFINED 215652
GARTNER GROUP INC NEW COM COM 366651107 20934 1308390 SH DEFINED 1308390
GENCORP INC COM COM 368682100 30320 1655700 SH DEFINED 1655700
GENERAL ELECTRIC CORP. COM 369604103 835 7046 SH DEFINED 7046
GENERAL SEMICONDUCTOR COM COM 370787103 21264 2062000 SH DEFINED 2062000
GENLYTE GROUP INC COM COM 372302109 11376 479000 SH DEFINED 479000
GERBER SCIENTIFIC INC COM COM 373730100 2394 107000 SH DEFINED 107000
GOLDMAN SACHS GROUP COM COM 38141g104 598 9800 SH DEFINED 9800
GRIFFON CORP COM COM 398433102 16628 2078500 SH DEFINED 2078500
HAEMONETICS CORP COM COM 405024100 236 12000 SH DEFINED 12000
HARLAND JOHN H CO COM COM 412693103 1963 101000 SH DEFINED 101000
HARMAN INTL INDS INC COM COM 413086109 42290 1005400 SH DEFINED 1005400
HARSCO CORPORATION COM 415864107 14835 537000 SH DEFINED 537000
HARTE-HANKS INC COM COM 416196103 28084 1114995 SH DEFINED 1114995
HIGHLANDS INS GROUP COM COM 431032101 425 46000 SH DEFINED 46000
HOME DEPOT INC COM COM 437076102 22339 325530 SH DEFINED 325530
HOUGHTON-MIFFLIN CO. COM 441560109 297 7300 SH DEFINED 7300
HUFFY CORP COM COM 444356109 3379 342200 SH DEFINED 342200
HUSSMANN INTL INC COM COM 448110106 23332 1372500 SH DEFINED 1372500
IBM CORP. COM 459200101 543 4486 SH DEFINED 4486
IFR SYSTEMS INC. COM 449507102 135 45000 SH DEFINED 45000
IMS HEALTH INC COM COM 449934108 25439 1115151 SH DEFINED 1115151
INTERNATIONAL RECTIFIER CORP COM 460254105 1101 72200 SH DEFINED 72200
INTERNATIONAL SPECIALTY PROD COM 460337108 23947 2409800 SH DEFINED 2409800
ITT EDUCATIONAL SVCS COM COM 45068B109 18322 939600 SH DEFINED 939600
J P MORGAN & CO. INC. COM 616880100 268 2344 SH DEFINED 2344
JLK DIRECT DISTRIBUTN CL A COM 46621C105 244 32500 SH DEFINED 32500
JONES APPAREL GROUP COM COM 480074103 12298 427746 SH DEFINED 427746
JUSTIN INDS INC COM COM 482171105 15315 1079500 SH DEFINED 1079500
KAMAN CORP CL A COM 483548103 11674 915600 SH DEFINED 915600
KAYDON CORP COM COM 486587108 7686 309000 SH DEFINED 309000
KELLOG CO COM 487836108 470 12560 SH DEFINED 12560
KENNAMETAL INC COM COM 489170100 38963 1505800 SH DEFINED 1505800
KIMCO REALTY CORP. COM 49446R109 7191 201142 SH DEFINED 201142
LANCASTER COLONY CORP COM COM 513847103 35942 1123200 SH DEFINED 1123200
LESCO INC OHIO COM COM 526872106 381 28500 SH DEFINED 28500
MAGNETEK INC COM COM 559424106 11729 1312300 SH DEFINED 1312300
MARSHALL & ILSLEY CORP. COM 571834100 571 10000 SH DEFINED 10000
MBIA INC. COM 55262C100 26931 577600 SH DEFINED 577600
MBNA CORP COM COM 55262L100 35611 1561021 SH DEFINED 1561021
MCDONALDS CORP COM COM 580135101 811 18746 SH DEFINED 18746
MICROSOFT CORP COM COM 594918104 245 2700 SH DEFINED 2700
MIKASA INC COM COM 59862T109 343 29200 SH DEFINED 29200
MINERALS TECHNOLOGY INC. COM 603158106 2914 60000 SH DEFINED 60000
MOBIL CORP COM 607059102 201 2000 SH DEFINED 2000
MODIS PROFESSIONAL SVC COM COM 607830106 12773 964000 SH DEFINED 964000
MOLEX INC CL A COM 608554200 17841 551087 SH DEFINED 551087
MOORE CORP. LTD COM 615785102 3790 379000 SH DEFINED 379000
MOTIVEPOWER INDS INC COM COM 61980k101 2506 227800 SH DEFINED 227800
MSC INDL DIRECT INC CL A COM 553530106 23314 2590400 SH DEFINED 2590400
MUELLER INDS INC COM COM 624756102 20775 699800 SH DEFINED 699800
MUTUAL RISK MGMT LTD COM COM 628351108 15622 1275284 SH DEFINED 1275284
NEW YORK TIMES CO CL A COM 650111107 995 26526 SH DEFINED 26526
NIELSEN MEDIA RESH INC COM NEW COM 653929307 33616 903966 SH DEFINED 903966
NOVELL INC COM COM 670006105 1552 75000 SH DEFINED 75000
NTL INC COM COM 629407107 961 10000 SH DEFINED 10000
O'SULLIVAN INDS HLDGS COM COM 688609106 17481 1165400 SH DEFINED 1165400
OEA INC. COM 670826106 20086 2634250 SH DEFINED 2634250
OFFICE DEPOT INC COM COM 676220106 12359 1177075 SH DEFINED 1177075
OGDEN CORP COM COM 676346109 3009 290000 SH DEFINED 290000
OIL DRI CORP AMER COM COM 677864100 1072 73600 SH DEFINED 73600
OMI CORP NEW COM COM Y6476W104 179 70000 SH DEFINED 70000
P.H. GLATFELTER CO. COM 377316104 15134 920700 SH DEFINED 920700
PAXAR CORP COM COM 704227107 17197 1810200 SH DEFINED 1810200
PENTON MEDIA INC COM COM 709668107 227 14000 SH DEFINED 14000
PITNEY BOWES INC COM COM 724479100 312 5120 SH DEFINED 5120
PMI GROUP INC COM COM 69344M101 276 6750 SH DEFINED 6750
POLICY MGMT SYS CORP COM COM 731108106 23886 755300 SH DEFINED 755300
POLYMER GROUP INC COM COM 731745105 478 32400 SH DEFINED 32400
PROCTER & GAMBLE CORP. COM 742718109 607 6480 SH DEFINED 6480
PROVIDIAN FINL CORP COM COM 74406A102 1267 16000 SH DEFINED 16000
QUEST DIAGNOSTICS INC COM COM 74834L100 4168 160300 SH DEFINED 160300
RADIAN GROUP INC COM COM 750236101 655 15266 SH DEFINED 15266
RAMCO-GERSHENSON PPTYS COM SH COM 751452202 1652 110624 SH DEFINED 110624
RAYOVAC CORP COM COM 755081106 17589 813366 SH DEFINED 813366
REXALL SUNDOWN INC COM COM 761648104 19994 1623900 SH DEFINED 1623900
REYNOLDS & REYNOLDS CO CL A COM 761695105 47857 2348800 SH DEFINED 2348800
RISK CAP HLDGS INC COM COM 767711104 1359 87000 SH DEFINED 87000
ROPER INDS INC NEW COM COM 776696106 12056 315200 SH DEFINED 315200
SALIENT 3 COMMUNICATNS CL A COM 794721100 2831 526637 SH DEFINED 526637
SCHLUMBERGER LTD COM COM 806857108 1090 17500 SH DEFINED 17500
SCHOLASTIC CORP COM COM 807066105 9905 198100 SH DEFINED 198100
SCHWEITZER-MAUDUIT COM COM 808541106 4633 358100 SH DEFINED 358100
SCOTT TECHNOLOGIES INC COM COM 810022301 34880 1766100 SH DEFINED 1766100
SHELDAHL CO COM COM 822440103 946 161100 SH DEFINED 161100
SILICON VY BANCSHARES COM COM 827064106 33971 1408132 SH DEFINED 1408132
SMITHKLINE BEECHAM PLC ADR REP COM 832378301 295 5120 SH DEFINED 5120
SNAP-ON, INC. COM 833034101 4030 124000 SH DEFINED 124000
SONOCO PRODS CO COM COM 835495102 3467 152000 SH DEFINED 152000
SOUTHERN UN CO NEW COM COM 844030106 219 11510 SH DEFINED 11510
SPECIAL METALS CORP COM COM 84741Y103 658 152500 SH DEFINED 152500
ST JUDE MED INC COM COM 790849103 1228 39000 SH DEFINED 39000
STATE ST BOSTON CORP COM COM 857477103 31797 492024 SH DEFINED 492024
STERIS CORP COM COM 859152100 15954 1160300 SH DEFINED 1160300
SUNGLASS HUT INTL INC COM COM 86736F106 8162 772700 SH DEFINED 772700
TELEFLEX, INC. COM 879369106 5198 131800 SH DEFINED 131800
TELXON CORP COM COM 879700102 879 105000 SH DEFINED 105000
THERMO ELECTRON CORP COM COM 883556102 5840 434600 SH DEFINED 434600
TRANSACTION SYS ARCHIT CL A COM 893416107 13727 509600 SH DEFINED 509600
TRENWICK GROUP INC COM COM 895290104 15241 920200 SH DEFINED 920200
U S INDS INC NEW COM COM 912080108 8590 545400 SH DEFINED 545400
UNIVERSAL FOODS CORP. WISC. COM 913538104 28179 1228500 SH DEFINED 1228500
UNOVA INC COM COM 91529B106 29008 2168800 SH DEFINED 2168800
UNUMPROVIDENT CORP COM COM 91529Y106 1251 42500 SH DEFINED 42500
VARIAN INC COM COM 922206107 25136 1416100 SH DEFINED 1416100
VARIAN MED SYS INC COM COM 92220P105 27315 1248700 SH DEFINED 1248700
VARIAN SEMICONDUCTOR COM COM 922207105 1952 92700 SH DEFINED 92700
WAL MART STORES INC COM COM 931142103 1647 34620 SH DEFINED 34620
WALTER INDS INC COM COM 93317Q105 24858 1841300 SH DEFINED 1841300
WARNER LAMBERT CO COM COM 934488107 589 8880 SH DEFINED 8880
WAUSAU-MOSINEE PAPER COM COM 943315101 7750 639200 SH DEFINED 639200
WESTINGHOUSE AIR BRAKE COM COM 960386100 2052 112800 SH DEFINED 112800
XTRA CORP COM COM 984138107 4690 118000 SH DEFINED 118000
YELLOW CORP COM COM 985509108 4604 278000 SH DEFINED 278000
YORK INTL CORP NEW COM COM 986670107 40660 1131400 SH DEFINED 1131400
YOUNG & RUBICAM INC COM COM 987425105 1166 26500 SH DEFINED 26500
</TABLE>
