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.
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 February 15, 2000
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: 206
Form 13F Information Table Value Total: $1,961,353,000.00
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>
A T & T CORP COM LIBERTY MEDIA COM 001957208 8885 156400 SH DEFINED 156400
A T & T CORP. COM 001957109 280 5506 SH DEFINED 5506
AARON RENTS INC CL A COM 002535300 5749 315000 SH DEFINED 315000
AARON RENTS INC COM COM 002535201 6930 390400 SH DEFINED 390400
ADELPHIA COMMUNICATION CL A COM 006848105 3773 57500 SH DEFINED 57500
AIR PRODS & CHEMS INC COM COM 009158106 506 15064 SH DEFINED 15064
AK STL HLDG CORP COM COM 001547108 2383 126259 SH DEFINED 126259
ALBANY INTERNATIONAL COR COM 012348108 553 35700 SH DEFINED 35700
ALBERTO CULVER CO. CLASS A COM 013068200 20314 934000 SH DEFINED 934000
ALLEGHENY TECHNOLOGIES COM COM 01741R102 7574 337550 SH DEFINED 337550
ALLTRISTA CORP COM COM 020040101 4770 215600 SH DEFINED 215600
AMERICAN HOME PRODUCTS COM 026609107 357 9100 SH DEFINED 9100
AMERICAN STD COS INC COM COM 029712106 9005 196300 SH DEFINED 196300
AMETEK INC NEW COM COM 031100100 4580 240272 SH DEFINED 240272
ANNALY MTG MGMT INC COM COM 035710409 101 11500 SH DEFINED 11500
APOGEE ENTERPRISES INC COM COM 037598109 4501 889000 SH DEFINED 889000
APPLIED MATLS INC COM COM 038222105 380 3000 SH DEFINED 3000
APTARGROUP INC COM COM 038336103 372 14800 SH DEFINED 14800
ATCHISON CASTING CORP COM COM 046613105 465 51000 SH DEFINED 51000
B I INCORPORATED COM NEW COM 055467203 629 82500 SH DEFINED 82500
BACOU USA INC COM COM 056439102 2390 158700 SH DEFINED 158700
BALL CORP COM COM 058498106 29480 748700 SH DEFINED 748700
BALTEK CORP. COM 058822107 93 12200 SH DEFINED 12200
BANK NEW YORK INC COM COM 064057102 225 5621 SH DEFINED 5621
BANK TOKYO-MITSUBISHI SPONSORE COM 065379109 3654 262200 SH DEFINED 262200
BECTON,DICKINSON & CO. COM 075887109 808 30000 SH DEFINED 30000
BENTON OIL & GAS CO COM COM 083288100 39 20300 SH DEFINED 20300
BERKLEY W R CORP COM COM 084423102 1044 50000 SH DEFINED 50000
BERKSHIRE HATHAWAY INC DEL COM 084670108 561 10 SH DEFINED 10
BF ENTERPRISES INC COM 055387104 81 11600 SH DEFINED 11600
BLYTH INDS INC COM COM 09643p108 27262 1109900 SH DEFINED 1109900
BMC INDUSTRIES, INC. COM 055607105 117 24000 SH DEFINED 24000
BORDERS GROUP INC COM COM 099709107 959 59000 SH DEFINED 59000
BOSTON BEER INC CL A COM 100557107 139 19376 SH DEFINED 19376
BOSTON SCIENTIFIC CORP COM COM 101137107 31616 1445300 SH DEFINED 1445300
BP AMOCO P L C SPONSORED ADR COM 055622104 527 8890 SH DEFINED 8890
BRISTOL MEYERS SQUIBB CO COM COM 110122108 205 3200 SH DEFINED 3200
BURLINGTON COAT FACTRY COM COM 121579106 7025 506300 SH DEFINED 506300
BURLINGTON INDS INC COM COM 121693105 21593 5398200 SH DEFINED 5398200
BUSH INDS INC CL A COM 123164105 28878 1680150 SH DEFINED 1680150
CABLEVISION SYS CORP CL A COM 12686C109 2189 29000 SH DEFINED 29000
CABOT CORP COM COM 127055101 18498 907865 SH DEFINED 907865
CALGON CARBON CORP COM COM 129603106 2404 409200 SH DEFINED 409200
CAMBRIDGE BANCORP COM COM 132152109 207 2900 SH DEFINED 2900
CAPITAL ONE FINL CORP COM COM 14040H105 5508 114300 SH DEFINED 114300
CARLISLE COS INC COM COM 142339100 13097 363800 SH DEFINED 363800
CARPENTER TECHNOLOGY COM COM 144285103 412 15000 SH DEFINED 15000
CBRL GROUP INC COM COM 12489v106 2653 273400 SH DEFINED 273400
CBS CORP COM COM 12490K107 3964 62000 SH DEFINED 62000
CENTRAL NEWSPAPERS INC CL A COM 154647101 25100 637450 SH DEFINED 637450
CERIDIAN CORP COM COM 15677T106 26875 1246400 SH DEFINED 1246400
CHAMPION ENTERPRISES COM COM 158496109 1198 141000 SH DEFINED 141000
CHARTER COMMUNCTNS DEL CL A COM 16117m107 7582 346600 SH DEFINED 346600
CISCO SYS INC COM COM 17275R102 450 4200 SH DEFINED 4200
CITIGROUP INC COM COM 172967101 4305 77300 SH DEFINED 77300
CK WITCO CORP COM COM 12562C108 3231 241600 SH DEFINED 241600
CLAIRES STORES INC COM COM 179584107 15548 694900 SH DEFINED 694900
CLARCOR INC COM COM 179895107 9675 537500 SH DEFINED 537500
COCA COLA CO COM COM 191216100 676 11602 SH DEFINED 11602
COLGATE PALMOLIVE CO COM COM 194162103 201 3096 SH DEFINED 3096
COMMERCIAL METALS CO COM COM 201723103 4103 120900 SH DEFINED 120900
CONE MLS CORP N C COM COM 206814105 1567 348300 SH DEFINED 348300
CONSO PRODS CO COM COM 20854R105 259 30000 SH DEFINED 30000
CORDANT TECHNOLOGIES COM COM 218412104 990 30000 SH DEFINED 30000
CORNING INC. COM 219350105 2260 17524 SH DEFINED 17524
CVS CORP COM COM 126650100 38363 962086 SH DEFINED 962086
DANIELSON HLDG CORP COM COM 236274106 243 42300 SH DEFINED 42300
DECKERS OUTDOOR CORP COM COM 243537107 26 10000 SH DEFINED 10000
DELHAIZE AMER INC CL B COM 246688204 404 19334 SH DEFINED 19334
DELTA WOODSIDE INDUSTRIES COM 247909104 6143 3170600 SH DEFINED 3170600
DELUXE CORPORATION COM 248019101 5551 202300 SH DEFINED 202300
DENDRITE INTL INC COM COM 248239105 9460 279250 SH DEFINED 279250
DEPARTMENT 56 INC COM COM 249509100 27550 1217700 SH DEFINED 1217700
DEVON ENERGY CORP NEW COM COM 25179m103 2863 87100 SH DEFINED 87100
DONNKENNY INC DEL COM COM 258006105 65 110000 SH DEFINED 110000
DUFF&PHELPS CR RATING COM COM 26432F109 711 8000 SH DEFINED 8000
DUPONT E.I. DE NEMOURS CO COM 263534109 367 5573 SH DEFINED 5573
EDUCATION MGMT CORP COM COM 28139T101 2184 156000 SH DEFINED 156000
ELCOR CORP COM COM 284443108 10578 351150 SH DEFINED 351150
ELECTRONIC DATA SYS NW COM COM 285661104 4083 61000 SH DEFINED 61000
ENGELHARD CORP COM COM 292845104 5596 296500 SH DEFINED 296500
ETEC SYS INC COM COM 26922C103 359 8000 SH DEFINED 8000
ETOYS INC COM COM 297862104 607 23141 SH DEFINED 23141
EXXON MOBIL CORP COM COM 30231G102 2167 26900 SH DEFINED 26900
FAIRFIELD CMNTYS INC COM PAR $ COM 304231301 24907 2316900 SH DEFINED 2316900
FEDERAL SIGNAL CORP COM COM 313855108 307 19100 SH DEFINED 19100
FIRST DATA CORP COM COM 319963104 3057 62000 SH DEFINED 62000
FIRST UN CORP COM COM 337358105 1206 36610 SH DEFINED 36610
FLOWSERVE CORPORATION COM 34354P105 27125 1595617 SH DEFINED 1595617
FOREST OIL CORP COM NEW COM 346091606 2532 192000 SH DEFINED 192000
GARTNER GROUP INC NEW CL B COM 366651206 685 49582 SH DEFINED 49582
GARTNER GROUP INC NEW COM COM 366651107 25440 1668220 SH DEFINED 1668220
GENCORP INC COM COM 368682100 16287 1649300 SH DEFINED 1649300
GENERAL ELECTRIC CORP. COM 369604103 1090 7046 SH DEFINED 7046
GENERAL SEMICONDUCTOR COM COM 370787103 12896 909000 SH DEFINED 909000
GENLYTE GROUP INC COM COM 372302109 6372 298100 SH DEFINED 298100
GERBER SCIENTIFIC INC COM COM 373730100 4760 217000 SH DEFINED 217000
GOLDMAN SACHS GROUP COM COM 38141g104 3767 40000 SH DEFINED 40000
GOODRICH B F CO COM COM 382388106 744 27050 SH DEFINED 27050
GRIFFON CORP COM COM 398433102 16500 2112000 SH DEFINED 2112000
HARLAND JOHN H CO COM COM 412693103 1850 101000 SH DEFINED 101000
HARMAN INTL INDS INC COM COM 413086109 54632 973400 SH DEFINED 973400
HARSCO CORPORATION COM 415864107 15230 479700 SH DEFINED 479700
HARTE-HANKS INC COM COM 416196103 27314 1255806 SH DEFINED 1255806
HIGHLANDS INS GROUP COM COM 431032101 434 46000 SH DEFINED 46000
HOME DEPOT INC COM COM 437076102 16016 232960 SH DEFINED 232960
HOUGHTON-MIFFLIN CO. COM 441560109 645 15300 SH DEFINED 15300
HUFFY CORP COM COM 444356109 3417 650800 SH DEFINED 650800
HUSSMANN INTL INC COM COM 448110106 20666 1372000 SH DEFINED 1372000
IBM CORP. COM 459200101 473 4383 SH DEFINED 4383
IFR SYSTEMS INC. COM 449507102 453 45000 SH DEFINED 45000
IMS HEALTH INC COM COM 449934108 35128 1292050 SH DEFINED 1292050
INTERNATIONAL FLAV&FRA COM COM 459506101 617 16400 SH DEFINED 16400
INTERNATIONAL MULTIFOODS COR COM 460043102 2019 152400 SH DEFINED 152400
INTERNATIONAL SPECIALTY PROD COM 460337108 21446 2334300 SH DEFINED 2334300
ITT EDUCATIONAL SVCS COM COM 45068B109 18607 1205300 SH DEFINED 1205300
JLK DIRECT DISTRIBUTN CL A COM 46621C105 3321 322000 SH DEFINED 322000
JOHNS MANVILLE CP NEW COM COM 478129109 279 20000 SH DEFINED 20000
JONES APPAREL GROUP COM COM 480074103 13796 508603 SH DEFINED 508603
JUSTIN INDS INC COM COM 482171105 15834 1064500 SH DEFINED 1064500
KAMAN CORP CL A COM 483548103 9265 719600 SH DEFINED 719600
KAO CORPORATION COM 485537203 1445 5000 SH DEFINED 5000
KAYDON CORP COM COM 486587108 7883 294000 SH DEFINED 294000
KELLOG CO COM 487836108 387 12560 SH DEFINED 12560
KENNAMETAL INC COM COM 489170100 47795 1421400 SH DEFINED 1421400
KIMCO REALTY CORP. COM 49446R109 6521 192492 SH DEFINED 192492
LANCASTER COLONY CORP COM COM 513847103 36378 1098200 SH DEFINED 1098200
LASALLE RE HLDGS LTD ORD COM g5383q101 2447 148300 SH DEFINED 148300
LESCO INC OHIO COM COM 526872106 1771 104200 SH DEFINED 104200
MARSHALL & ILSLEY CORP COM COM 571834100 628 10000 SH DEFINED 10000
MBIA INC. COM 55262C100 31019 587350 SH DEFINED 587350
MBNA CORP COM COM 55262L100 51354 1884540 SH DEFINED 1884540
MCDONALDS CORP COM COM 580135101 1465 36338 SH DEFINED 36338
MICROSOFT CORP COM COM 594918104 245 2100 SH DEFINED 2100
MIKASA INC COM COM 59862T109 294 29200 SH DEFINED 29200
MINERALS TECHNOLOGIES INC. COM 603158106 19663 490800 SH DEFINED 490800
MODIS PROFESSIONAL SVC COM COM 607830106 23769 1668000 SH DEFINED 1668000
MOLEX INC CL A COM 608554200 25814 570475 SH DEFINED 570475
MOORE CORP. LTD COM 615785102 3276 540400 SH DEFINED 540400
MOTOROLA INC COM COM 620076109 383 2600 SH DEFINED 2600
MSC INDL DIRECT INC CL A COM 553530106 36840 2780400 SH DEFINED 2780400
MUELLER INDS INC COM COM 624756102 24498 675800 SH DEFINED 675800
MUTUAL RISK MGMT LTD COM COM 628351108 33004 1963052 SH DEFINED 1963052
NCR CORP NEW COM COM 62886E108 568 15003 SH DEFINED 15003
NEW YORK TIMES CO CL A COM 650111107 1303 26526 SH DEFINED 26526
NTL INC COM COM 629407107 11867 95125 SH DEFINED 95125
OEA INC. COM 670826106 14825 3041000 SH DEFINED 3041000
OGDEN CORP COM COM 676346109 6776 567600 SH DEFINED 567600
OIL DRI CORP AMER COM COM 677864100 799 55600 SH DEFINED 55600
OMNOVA SOLUTIONS INC COM COM 682129101 18582 2397700 SH DEFINED 2397700
P.H. GLATFELTER CO. COM 377316104 12541 861200 SH DEFINED 861200
PAXAR CORP COM COM 704227107 15244 1806700 SH DEFINED 1806700
PENTON MEDIA INC COM COM 709668107 336 14000 SH DEFINED 14000
PITNEY BOWES INC COM COM 724479100 1117 23120 SH DEFINED 23120
POLICY MGMT SYS CORP COM COM 731108106 34320 1342600 SH DEFINED 1342600
PROVIDIAN FINL CORP COM COM 74406A102 2140 23500 SH DEFINED 23500
QUEST DIAGNOSTICS INC COM COM 74834L100 4777 156300 SH DEFINED 156300
RAMCO-GERSHENSON PPTYS COM SH COM 751452202 1371 108574 SH DEFINED 108574
RAYOVAC CORP COM COM 755081106 19828 1050500 SH DEFINED 1050500
RAYTHEON CO CL A COM 755111309 1241 50022 SH DEFINED 50022
REXALL SUNDOWN INC COM COM 761648104 15984 1550000 SH DEFINED 1550000
REYNOLDS & REYNOLDS CO CL A COM 761695105 53966 2398500 SH DEFINED 2398500
RISK CAP HLDGS INC COM COM 767711104 1584 125500 SH DEFINED 125500
ROPER INDS INC NEW COM COM 776696106 10315 272800 SH DEFINED 272800
SALIENT 3 COMMUNICATNS CL A COM 794721100 3700 528537 SH DEFINED 528537
SARA LEE CORP. COM 803111103 929 42108 SH DEFINED 42108
SBC COMMUNICATIONS INC. COM 78387G103 217 4459 SH DEFINED 4459
SCHLUMBERGER LTD COM COM 806857108 982 17500 SH DEFINED 17500
SCOTT TECHNOLOGIES INC COM COM 810022301 23794 1260600 SH DEFINED 1260600
SENSORMATIC ELECTRS CP COM COM 817265101 3130 179500 SH DEFINED 179500
SERVICEMASTER LTD PART PUB PAR COM 81760N109 159 12893 SH DEFINED 12893
SHAW INDS INC COM COM 820286102 11489 741200 SH DEFINED 741200
SHELDAHL CO COM COM 822440103 652 151100 SH DEFINED 151100
SILICON VY BANCSHARES COM COM 827064106 85657 1730450 SH DEFINED 1730450
SMITHKLINE BEECHAM PLC ADR REP COM 832378301 483 7528 SH DEFINED 7528
SNAP-ON, INC. COM 833034101 598 22500 SH DEFINED 22500
SOUTHERN UN CO NEW COM COM 844030106 220 11510 SH DEFINED 11510
SPECIAL METALS CORP COM COM 84741Y103 371 116500 SH DEFINED 116500
ST JUDE MED INC COM COM 790849103 1043 34000 SH DEFINED 34000
STATE ST BOSTON CORP COM COM 857477103 35983 492502 SH DEFINED 492502
STERIS CORP COM COM 859152100 14421 1406900 SH DEFINED 1406900
SUNGLASS HUT INTL INC COM COM 86736F106 8682 771700 SH DEFINED 771700
TELEDYNE TECHNOLOGIES COM COM 879360105 6150 651622 SH DEFINED 651622
TELEFLEX, INC. COM 879369106 6356 203000 SH DEFINED 203000
THERMO ELECTRON CORP COM COM 883556102 5806 387100 SH DEFINED 387100
TRANSACTION SYS ARCHIT CL A COM 893416107 34686 1238800 SH DEFINED 1238800
TRAVELERS PPTY CAS CL A COM 893939108 229 6700 SH DEFINED 6700
TRENWICK GROUP INC COM COM 895290104 15457 912613 SH DEFINED 912613
U S INDS INC NEW COM COM 912080108 2765 197500 SH DEFINED 197500
UNIVERSAL FOODS CORP. WISC. COM 913538104 27109 1330500 SH DEFINED 1330500
UNOVA INC COM COM 91529B106 26849 2065300 SH DEFINED 2065300
UNUMPROVIDENT CORP COM COM 91529Y106 1122 35000 SH DEFINED 35000
VARIAN INC COM COM 922206107 9108 404800 SH DEFINED 404800
VARIAN MED SYS INC COM COM 92220P105 28796 965900 SH DEFINED 965900
VARIAN SEMICONDUCTOR COM COM 922207105 2591 76200 SH DEFINED 76200
VODAFONE AIRTOUCH PLC SPONSORE COM 92857T107 2475 50000 SH DEFINED 50000
WABTEC CORPORATION COM 960386100 6437 362646 SH DEFINED 362646
WAL MART STORES INC COM COM 931142103 2476 35820 SH DEFINED 35820
WALTER INDS INC COM COM 93317Q105 18527 1713500 SH DEFINED 1713500
WARNER LAMBERT CO COM COM 934488107 728 8880 SH DEFINED 8880
WATER PIK TECHNOLOGIES COM COM 94113U100 806 84250 SH DEFINED 84250
WESTERN RES INC COM COM 959425109 1609 95000 SH DEFINED 95000
XTRA CORP COM COM 984138107 5034 118100 SH DEFINED 118100
YELLOW CORP COM COM 985509108 4724 281000 SH DEFINED 281000
YORK INTL CORP NEW COM COM 986670107 52565 1915800 SH DEFINED 1915800
YOUNG & RUBICAM INC COM COM 987425105 1875 26500 SH DEFINED 26500
</TABLE>
