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: Portfolio Advisory Services, LLC
Address: 725 South Figueroa Street
Suite 2328
Los Angeles, CA 90017
13F File Number: 28-6586
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: Kenneth A. Culley
Title: Compliance Officer
Phone: 213-688-9671
Signature, Place, and Date of Signing:
Kenneth A. Culley Los Angeles, CA July 22, 1999
Report Type (Check only one.):
[ 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.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 85
Form 13F Information Table Value Total: $146,167
List of Other Included Managers:
No. 13F File Number Name
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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
<C>
<C>
D ASM Lithography Holding NV COM N07059111 1045 17600
SH Sole 16700 900
D Adaptec, Inc. COM 00651F108 1847 52300
SH Sole 49800 2500
D Adobe Systems, Inc. COM 00724F101 2005 24400
SH Sole 23400 1000
D American Eagle Outfitters Inc. COM 02553E106 2202 48400
SH Sole 46600 1800
D Apache Corp. COM 037411105 2266 58100
SH Sole 55600 2500
D Applied Materials, Inc. COM 038222105 2475 33500
SH Sole 32100 1400
D Applied Micro Circuits Corp. COM 03822W109 1386 16850
SH Sole 16150 700
D Atmel Corp. COM 049513104 1482 56600
SH Sole 53500 3100
D BMC Software, Inc. COM 055921100 2257 41800
SH Sole 40200 1600
D Baker Hughes Inc. COM 057224107 1883 56200
SH Sole 56200
D Bankamerica Corp. COM 060505104 1598 21800
SH Sole 20700 1100
D Barrick Gold Corp. COM 067901108 2492 128600
SH Sole 123000 5600
D Best Buy, Inc. COM 086516101 1633 24200
SH Sole 23000 1200
D Broadcom Corp. COM 111320107 2125 14700
SH Sole 14100 600
D Business Objects S A COM 12328X107 1420 38900
SH Sole 37300 1600
D C Cube Microsystems COM 125015107 1607 50700
SH Sole 48200 2500
D CDW Computer Centers, Inc. COM 125129106 1483 33700
SH Sole 32600 1100
D Circuit City COM 172737108 2316 24900
SH Sole 23900 1000
D Citrix Systems Inc. COM 177376100 2514 44500
SH Sole 42600 1900
D Clarify Inc. COM 180492100 1213 29400
SH Sole 28000 1400
D Compuware COM 205638109 2011 63200
SH Sole 60500 2700
D Comverse Technology COM 205862402 2054 27200
SH Sole 26100 1100
D Conexant Systems Inc. COM 207142100 2177 37500
SH Sole 35900 1600
D Cree Research Inc. COM 225447101 2154 28000
SH Sole 26700 1300
D Cymer Inc. COM 232572107 1057 42300
SH Sole 40200 2100
D Dollar Tree Stores COM 256747106 1232 28000
SH Sole 26800 1200
D Echo Star Communications COM 278762109 1718 11200
SH Sole 10700 500
D Electronics For Imaging COM 286082102 2034 39600
SH Sole 37900 1700
D Ensco International Inc. COM 26874Q100 2050 102800
SH Sole 102800
D Exodus Communications COM 302088109 1799 15000
SH Sole 14300 700
D Freeport McMoran Copper Gold COM 35671D857 1055 58800
SH Sole 55900 2900
D Galileo Technology Ltd COM M47298100 1287 28400
SH Sole 27000 1400
D Genesys Telecommunications Lab COM 371931106 1610 64400
SH Sole 61700 2700
D Global Industries LTD COM 379336100 1095 85500
SH Sole 81500 4000
D Global Marine COM 379352404 1971 127700
SH Sole 122300 5400
D Global TeleSystems Grp. COM 37936U104 1474 18200
SH Sole 17300 900
D Hewlett Packard Co. COM 428236103 1608 16000
SH Sole 15200 800
D IDEC Pharmaceuticals COM 449370105 1387 18000
SH Sole 17100 900
D ITC DeltaCom Inc. COM 45031T104 1036 37000
SH Sole 35200 1800
D KLA Instruments COM 482480100 1862 28700
SH Sole 27500 1200
D Korea Electric Power Corp. COM 500631106 1086 53000
SH Sole 50400 2600
D Lam Research Corp. COM 512807108 1625 34800
SH Sole 33100 1700
D Laser Vision Centers COM 51807H100 1260 20000
SH Sole 19000 1000
D Lucent Technologies COM 549463107 2030 30100
SH Sole 28900 1200
D Lyondell Chemical Company COM 552078107 1031 50000
SH Sole 47600 2400
D MMC Networks Inc. COM 55308N102 2685 60000
SH Sole 57600 2400
D Mandalay Resort Group COM 562567107 1781 84300
SH Sole 80900 3400
D Marine Drilling Companies COM 568240204 1195 87300
SH Sole 83700 3600
D MedImmune Inc. COM 584699102 1707 25200
SH Sole 24100 1100
D MedQuist Inc COM 584949101 2179 49800
SH Sole 47800 2000
D Mercury Interactive Corp. COM 589405109 1585 44800
SH Sole 42600 2200
D Metris Companies COM 591598107 1121 27500
SH Sole 26200 1300
D Microchip Tech COM 595017104 1554 32800
SH Sole 31200 1600
D Motorola COM 620076109 2198 23200
SH Sole 22300 900
D Nabors Industries Inc COM 629568106 1698 69500
SH Sole 66200 3300
D National Semiconductor COM 637640103 1777 70200
SH Sole 66800 3400
D Newmont Mining Corp. COM 651639106 2633 132500
SH Sole 126700 5800
D Novell, Inc. COM 670006105 1815 68500
SH Sole 65700 2800
D Oracle Systems COM 68389X105 2202 59300
SH Sole 56800 2500
D PRI Automation Inc. COM 69357H106 1051 29000
SH Sole 27600 1400
D QLogic Corp. COM 747277101 2442 18500
SH Sole 17800 700
D Qualcomm Corp. COM 747525103 2640 18400
SH Sole 17600 800
D Rambus Inc. COM 750917106 1770 19200
SH Sole 18400 800
D Rowan Cos. Inc. COM 779382100 1984 107600
SH Sole 103100 4500
D STMicroelectronics NV COM 861012102 1693 24400
SH Sole 23200 1200
D Santa Fe Int'l Corp. COM G7805C108 1805 78500
SH Sole 75000 3500
D Schlumberger COM 806857108 1942 30500
SH Sole 29300 1200
D Siebel Systems Inc. COM 826170102 2341 35300
SH Sole 33600 1700
D Tellabs COM 879664100 2135 31600
SH Sole 30300 1300
D Teradyne Inc. COM 880770102 2389 33300
SH Sole 31900 1400
D Terayon Communication Systems COM 880775101 1212 21700
SH Sole 20600 1100
D Texas Instruments COM 882508104 2015 13900
SH Sole 13300 600
D TranSwitch Corp. COM 894065101 1788 37750
SH Sole 36150 1600
D Tyco International COM 902124106 2511 26500
SH Sole 25400 1100
D Uniphase Corp. COM 909149106 1859 11200
SH Sole 10700 500
D VISX Inc. COM 92844S105 2471 31200
SH Sole 29800 1400
D Verity Inc. COM 92343C106 1284 23700
SH Sole 22500 1200
D Viatel Inc. COM 925529208 1162 20700
SH Sole 19700 1000
D Waters Corporation COM 941848103 1551 29200
SH Sole 29200
D Weatherford Int'l Inc. COM 947074100 1835 50100
SH Sole 48000 2100
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