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 [ ]; 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 August 13, 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: 182
Form 13F Information Table Value Total: $1,881,095,000.00
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>
GENSIA SICOR INC PFD CV EX 144 PFD CV 372450205 605 20000 SH DEFINED 20000
A T & T CORP. COM 001957109 218 3900 SH DEFINED 3900
AARON RENTS INC CL A COM 002535300 4855 269700 SH DEFINED 269700
AARON RENTS INC COM COM 002535201 8884 399300 SH DEFINED 399300
AIR PRODS & CHEMS INC COM COM 009158106 414 10280 SH DEFINED 10280
ALBANY INTERNATIONAL COR COM 012348108 4432 211025 SH DEFINED 211025
ALBERTO CULVER CO. CLASS A COM 013068200 8827 388000 SH DEFINED 388000
ALLEGHENY TELEDYNE INC COM 017415100 18204 804600 SH DEFINED 804600
ALLTRISTA CORP COM COM 020040101 10369 314200 SH DEFINED 314200
ALZA CORP CL A COM 022615108 331 6500 SH DEFINED 6500
AMERICAN HOME PRODUCTS COM 026609107 809 14100 SH DEFINED 14100
AMETEK INC NEW COM COM 031100100 5016 218072 SH DEFINED 218072
ANNALY MTG MGMT INC COM COM 035710409 129 11500 SH DEFINED 11500
APPLIED MATLS INC COM COM 038222105 591 8000 SH DEFINED 8000
APTARGROUP INC COM COM 038336103 414 13800 SH DEFINED 13800
ARCH CHEMICALS INC COM COM 03937r102 243 10000 SH DEFINED 10000
ARMCO INC COM COM 042170100 1371 206900 SH DEFINED 206900
ATCHISON CASTING CORP COM COM 046613105 2420 245100 SH DEFINED 245100
B I INCORPORATED COM NEW COM 055467203 786 92500 SH DEFINED 92500
BACOU USA INC COM COM 056439102 222 13000 SH DEFINED 13000
BALL CORP COM COM 058498106 31772 752000 SH DEFINED 752000
BALTEK CORP. COM 058822107 119 12200 SH DEFINED 12200
BANCTEC INC COM COM 059784108 6608 368376 SH DEFINED 368376
BECTON,DICKINSON & CO. COM 075887109 7200 240000 SH DEFINED 240000
BENTON OIL & GAS CO COM COM 083288100 41 20300 SH DEFINED 20300
BERKLEY W R CORP COM COM 084423102 2457 98300 SH DEFINED 98300
BERKSHIRE HATHAWAY INC DEL COM 084670108 689 10 SH DEFINED 10
BF ENTERPRISES INC COM 055387104 88 11600 SH DEFINED 11600
BLYTH INDS INC COM COM 09643p108 30219 888800 SH DEFINED 888800
BMC INDUSTRIES, INC. COM 055607105 309 30000 SH DEFINED 30000
BOSTON BEER INC CL A COM 100557107 156 19376 SH DEFINED 19376
BOSTON SCIENTIFIC CORP COM COM 101137107 41325 940550 SH DEFINED 940550
BRISTOL MEYERS SQUIBB CO COM COM 110122108 225 3200 SH DEFINED 3200
BURLINGTON COAT FACTRY COM COM 121579106 10782 558300 SH DEFINED 558300
BURLINGTON INDS INC COM COM 121693105 42337 4577000 SH DEFINED 4577000
BUSH INDS INC CL A COM 123164105 24566 1477650 SH DEFINED 1477650
CABOT CORP COM COM 127055101 875 36165 SH DEFINED 36165
CALGON CARBON CORP COM COM 129603106 2504 421800 SH DEFINED 421800
CARPENTER TECHNOLOGY COM COM 144285103 286 10000 SH DEFINED 10000
CENTRAL NEWSPAPERS INC CL A COM 154647101 26449 705300 SH DEFINED 705300
CHAMPION ENTERPRISES COM COM 158496109 2403 129000 SH DEFINED 129000
CISCO SYS INC COM COM 17275R102 309 4800 SH DEFINED 4800
CITATION CORP ALA COM COM 172895104 273 17000 SH DEFINED 17000
CITIGROUP INC COM COM 172967101 746 15713 SH DEFINED 15713
CLARCOR INC COM COM 179895107 6599 343900 SH DEFINED 343900
COCA COLA CO COM COM 191216100 719 11602 SH DEFINED 11602
COMMERCIAL METALS CO COM COM 201723103 3942 138300 SH DEFINED 138300
CONE MLS CORP N C COM COM 206814105 10284 1714000 SH DEFINED 1714000
CONSO PRODS CO COM COM 20854R105 362 63000 SH DEFINED 63000
CORNING INC. COM 219350105 1229 17524 SH DEFINED 17524
CROMPTON & KNOWLES CP COM COM 227111101 1224 62000 SH DEFINED 62000
DANIELSON HLDG CORP COM COM 236274106 273 47500 SH DEFINED 47500
DECKERS OUTDOOR CORP COM COM 243537107 36 10000 SH DEFINED 10000
DELTA WOODSIDE INDUSTRIES COM 247909104 19697 3352600 SH DEFINED 3352600
DENDRITE INTL INC COM COM 248239105 18383 508880 SH DEFINED 508880
DEVON ENERGY CORP COM COM 251799102 4068 113600 SH DEFINED 113600
DONNKENNY INC DEL COM COM 258006105 151 110000 SH DEFINED 110000
DUFF&PHELPS CR RATING COM COM 26432F109 535 8000 SH DEFINED 8000
DUPONT E.I. DE NEMOURS CO COM 263534109 762 11160 SH DEFINED 11160
DYERSBURG CORP COM COM 267575108 66 52700 SH DEFINED 52700
EASTMAN KODAK CORP. COM 277461109 536 7908 SH DEFINED 7908
EEX CORP COM NEW COM 26842V207 695 100178 SH DEFINED 100178
ELCOR CORP COM COM 284443108 21079 482500 SH DEFINED 482500
ENGELHARD CORP COM COM 292845104 5394 238400 SH DEFINED 238400
ETEC SYS INC COM COM 26922C103 332 10000 SH DEFINED 10000
EXXON CORP. COM 302290101 2525 32738 SH DEFINED 32738
FAIRFIELD CMNTYS INC COM PAR $ COM 304231301 12373 767300 SH DEFINED 767300
FLOWSERVE CORPORATION COM 34354P105 29249 1544488 SH DEFINED 1544488
FOOD LION CL A COM 344775200 5719 481600 SH DEFINED 481600
FOOD LION CL B COM 344775101 3226 279000 SH DEFINED 279000
FOREST OIL CORP COM NEW COM 346091606 3448 274500 SH DEFINED 274500
FRUIT OF THE LOOM LTD ORD CL A COM G3682L105 20048 2056200 SH DEFINED 2056200
FURON CO COM COM 361106107 9435 496600 SH DEFINED 496600
GARTNER GROUP INC NEW COM COM 366651107 29207 1424750 SH DEFINED 1424750
GENCORP INC COM COM 368682100 30295 1199800 SH DEFINED 1199800
GENERAL ELECTRIC CORP. COM 369604103 819 7246 SH DEFINED 7246
GENERAL NUTRITION COS COM COM 37047f103 476 20400 SH DEFINED 20400
GENERAL SEMICONDUCTOR COM COM 370787103 29163 3196000 SH DEFINED 3196000
GENLYTE GROUP INC COM COM 372302109 10882 485000 SH DEFINED 485000
GERBER SCIENTIFIC INC COM COM 373730100 2217 100500 SH DEFINED 100500
GOLDMAN SACHS GROUP COM COM 38141g104 708 9800 SH DEFINED 9800
GRIFFON CORP COM COM 398433102 15659 2004300 SH DEFINED 2004300
GUILFORD MLS INC COM COM 401794102 176 17000 SH DEFINED 17000
HAEMONETICS CORP COM COM 405024100 241 12000 SH DEFINED 12000
HARLAND JOHN H CO COM COM 412693103 2751 138000 SH DEFINED 138000
HARMAN INTL INDS INC COM COM 413086109 34531 784800 SH DEFINED 784800
HARSCO CORPORATION COM 415864107 17043 532600 SH DEFINED 532600
HARTE-HANKS INC COM COM 416196103 30463 1123062 SH DEFINED 1123062
HIGHLANDS INS GROUP COM COM 431032101 1470 140000 SH DEFINED 140000
HOME DEPOT INC COM COM 437076102 21296 330497 SH DEFINED 330497
HOUGHTON-MIFFLIN CO. COM 441560109 720 15300 SH DEFINED 15300
HUFFY CORP COM COM 444356109 3045 217500 SH DEFINED 217500
HUSSMANN INTL INC COM COM 448110106 20541 1240200 SH DEFINED 1240200
IBM CORP. COM 459200101 598 4626 SH DEFINED 4626
IFR SYSTEMS INC. COM 449507102 214 45000 SH DEFINED 45000
IMS HEALTH INC COM COM 449934108 35048 1121550 SH DEFINED 1121550
INTERNATIONAL RECTIFIER CORP COM 460254105 6041 453800 SH DEFINED 453800
INTERNATIONAL SPECIALTY PROD COM 460337108 24023 2358100 SH DEFINED 2358100
J P MORGAN & CO. INC. COM 616880100 329 2344 SH DEFINED 2344
JONES APPAREL GROUP COM COM 480074103 14117 411426 SH DEFINED 411426
JUSTIN INDS INC COM COM 482171105 15241 1093500 SH DEFINED 1093500
KAMAN CORP CL A COM 483548103 14246 908100 SH DEFINED 908100
KAYDON CORP COM COM 486587108 4822 143400 SH DEFINED 143400
KELLOG CO COM 487836108 414 12560 SH DEFINED 12560
KENNAMETAL INC COM COM 489170100 43899 1416100 SH DEFINED 1416100
KIMCO REALTY CORP. COM 49446R109 8171 205564 SH DEFINED 205564
LANCASTER COLONY CORP COM COM 513847103 38312 1110500 SH DEFINED 1110500
LESCO INC OHIO COM COM 526872106 306 16000 SH DEFINED 16000
M & T BK CORP COM COM 55261F104 210 381 SH DEFINED 381
MAGNETEK INC COM COM 559424106 17418 1649000 SH DEFINED 1649000
MARSHALL & ILSLEY CORP. COM 571834100 644 10000 SH DEFINED 10000
MBIA INC. COM 55262C100 25172 388750 SH DEFINED 388750
MBNA CORP COM COM 55262L100 46694 1524691 SH DEFINED 1524691
MCDONALDS CORP COM COM 580135101 968 23546 SH DEFINED 23546
MICROSOFT CORP COM COM 594918104 244 2700 SH DEFINED 2700
MIKASA INC COM COM 59862T109 330 29200 SH DEFINED 29200
MINERALS TECHNOLOGY INC. COM 603158106 3181 57000 SH DEFINED 57000
MODIS PROFESSIONAL SVC COM COM 607830106 12552 925500 SH DEFINED 925500
MOLEX INC CL A COM 608554200 12786 405890 SH DEFINED 405890
MOORE CORP. LTD COM 615785102 3230 385700 SH DEFINED 385700
MSC INDL DIRECT INC CL A COM 553530106 4547 443600 SH DEFINED 443600
MUELLER INDS INC COM COM 624756102 23614 695800 SH DEFINED 695800
MUTUAL RISK MGMT LTD COM COM 628351108 38729 1160412 SH DEFINED 1160412
NEW YORK TIMES CO CL A COM 650111107 976 26526 SH DEFINED 26526
NIELSEN MEDIA RESH INC COM NEW COM 653929307 47411 1620896 SH DEFINED 1620896
O'SULLIVAN INDS HLDGS COM COM 688609106 20142 1184800 SH DEFINED 1184800
OEA INC. COM 670826106 21609 2434800 SH DEFINED 2434800
OFFICE DEPOT INC COM COM 676220106 32449 1470775 SH DEFINED 1470775
OIL DRI CORP AMER COM COM 677864100 856 53500 SH DEFINED 53500
P.H. GLATFELTER CO. COM 377316104 13465 920700 SH DEFINED 920700
PAXAR CORP COM COM 704227107 13432 1513500 SH DEFINED 1513500
PENTON MEDIA INC COM COM 709668107 242 10000 SH DEFINED 10000
PITNEY BOWES INC COM COM 724479100 329 5120 SH DEFINED 5120
POLICY MGMT SYS CORP COM COM 731108106 14793 493100 SH DEFINED 493100
PROCTER & GAMBLE CORP. COM 742718109 578 6480 SH DEFINED 6480
QUEST DIAGNOSTICS INC COM COM 74834L100 4186 152900 SH DEFINED 152900
RAMCO-GERSHENSON PPTYS COM SH COM 751452202 1859 114374 SH DEFINED 114374
RAYOVAC CORP COM COM 755081106 16031 706600 SH DEFINED 706600
REXALL SUNDOWN INC COM COM 761648104 20877 1713000 SH DEFINED 1713000
REYNOLDS & REYNOLDS CO CL A COM 761695105 58006 2488200 SH DEFINED 2488200
RISK CAP HLDGS INC COM COM 767711104 1215 90000 SH DEFINED 90000
ROPER INDS INC NEW COM COM 776696106 13878 433700 SH DEFINED 433700
SALIENT 3 COMMUNICATNS CL A COM 794721100 4323 532037 SH DEFINED 532037
SCHLUMBERGER LTD COM COM 806857108 1115 17500 SH DEFINED 17500
SCHOLASTIC CORP COM COM 807066105 10029 198100 SH DEFINED 198100
SCHWEITZER-MAUDUIT COM COM 808541106 9226 615100 SH DEFINED 615100
SCOTSMAN INDS INC COM COM 809340102 8440 391400 SH DEFINED 391400
SCOTT TECHNOLOGIES INC COM COM 810022301 38748 2012900 SH DEFINED 2012900
SHELDAHL CO COM COM 822440103 1081 163100 SH DEFINED 163100
SILICON VY BANCSHARES COM COM 827064106 35034 1415500 SH DEFINED 1415500
SMITHKLINE BEECHAM PLC ADR REP COM 832378301 338 5120 SH DEFINED 5120
SNAP-ON, INC. COM 833034101 4668 129000 SH DEFINED 129000
SONOCO PRODS CO COM COM 835495102 12116 404700 SH DEFINED 404700
SOUTHERN UN CO NEW COM COM 844030106 238 10962 SH DEFINED 10962
SPECIAL METALS CORP COM COM 84741Y103 1038 178600 SH DEFINED 178600
ST JUDE MED INC COM COM 790849103 1282 36000 SH DEFINED 36000
STATE ST BOSTON CORP COM COM 857477103 37160 435259 SH DEFINED 435259
STERIS CORP COM COM 859152100 14212 733500 SH DEFINED 733500
SUNGLASS HUT INTL INC COM COM 86736F106 13470 783700 SH DEFINED 783700
TELEFLEX, INC. COM 879369106 9113 209800 SH DEFINED 209800
TELXON CORP COM COM 879700102 833 105000 SH DEFINED 105000
THERMO ELECTRON CORP COM COM 883556102 6037 300900 SH DEFINED 300900
TRAVELERS PPTY CAS CL A COM 893939108 262 6700 SH DEFINED 6700
TRENWICK GROUP INC COM COM 895290104 21421 868800 SH DEFINED 868800
U S INDS INC NEW COM COM 912080108 9119 536400 SH DEFINED 536400
UNION PACIFIC CORP. COM 907818108 211 3614 SH DEFINED 3614
UNIVERSAL FOODS CORP. WISC. COM 913538104 19572 926500 SH DEFINED 926500
UNOVA INC COM COM 91529B106 31504 1984500 SH DEFINED 1984500
UNUMPROVIDENT CORP COM COM 91529Y106 1779 32500 SH DEFINED 32500
VARIAN INC COM COM 922206107 25132 1861600 SH DEFINED 1861600
VARIAN MED SYS INC COM COM 92220P105 31961 1265800 SH DEFINED 1265800
VARIAN SEMICONDUCTOR COM COM 922207105 24866 1462700 SH DEFINED 1462700
WAL MART STORES INC COM COM 931142103 1680 34820 SH DEFINED 34820
WALTER INDS INC COM COM 93317Q105 22070 1705900 SH DEFINED 1705900
WARNER LAMBERT CO COM COM 934488107 614 8880 SH DEFINED 8880
WAUSAU-MOSINEE PAPER COM COM 943315101 12330 685000 SH DEFINED 685000
WESTINGHOUSE AIR BRAKE COM COM 960386100 2482 95700 SH DEFINED 95700
XTRA CORP COM COM 984138107 5012 109100 SH DEFINED 109100
YORK INTL CORP NEW COM COM 986670107 47548 1110600 SH DEFINED 1110600
YOUNG & RUBICAM INC COM COM 987425105 1204 26500 SH DEFINED 26500
QIAGEN NV ORD COM N72482107 -204 -3000.0000000SH DEFINED -3000.0000000
SPDR TR UNIT SER 1 COM 78462F103 -377 -2750.0000000SH DEFINED -2750.0000000
</TABLE>
