UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: October 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 October 28, 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.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 78
Form 13F Information Table Value Total: $117,291
List of Other Included Managers:
No. 13F File Number Name
<PAGE>
<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
<C>
<C>
D Adobe Systems, Inc. COM 00724F101 1578 13900
SH Sole 13300 600
D America Online Inc. COM 02364J104 2122 20400
SH Sole 19500 900
D American Eagle Outfitters Inc. COM 02553E106 1419 29300
SH Sole 28100 1200
D Applied Micro Circuits Corp. COM 03822W109 1659 29100
SH Sole 27900 1200
D BJ Services COM 055482103 1339 42100
SH Sole 40400 1700
D BMC Software, Inc. COM 055921100 2519 35200
SH Sole 33700 1500
D Barrick Gold Corp. COM 067901108 1860 85500
SH Sole 82000 3500
D Biogen, Inc. COM 090597105 1356 17200
SH Sole 16500 700
D BroadVision Inc. COM 111412102 1304 9800
SH Sole 9300 500
D Business Objects S A COM 12328X107 2024 34300
SH Sole 32900 1400
D CTS Corp. COM 126501105 1397 24300
SH Sole 23300 1000
D Carrier Access Corp. COM 144460102 1463 35000
SH Sole 33600 1400
D Check Point Software Tech. COM M22465104 1427 16900
SH Sole 16200 700
D Chiron Corp. COM 170040109 1019 36800
SH Sole 35100 1700
D Citigroup Inc. COM 172967101 1276 29000
SH Sole 27700 1300
D Citrix Systems Inc. COM 177376100 2168 35000
SH Sole 33600 1400
D Commscope Inc. COM 203372107 991 30500
SH Sole 29000 1500
D Conexant Systems Inc. COM 207142100 1330 18300
SH Sole 17500 800
D Cymer Inc. COM 232572107 1197 34500
SH Sole 32900 1600
D Dell Computer Corp. COM 247025109 1221 29200
SH Sole 28000 1200
D Dendrite International Inc. COM 248239105 1588 33600
SH Sole 32200 1400
D Diamond Offshore Drilling COM 25271C102 1228 36800
SH Sole 35300 1500
D Electronics For Imaging COM 286082102 1774 34500
SH Sole 33100 1400
D Exodus Communications COM 302088109 1117 15500
SH Sole 14800 700
D Gateway, Inc. COM 367626108 1102 24800
SH Sole 23600 1200
D Genesys Telecommunications Lab COM 371931106 2138 46800
SH Sole 44900 1900
D Homestake Mining COM 437614100 1459 158800
SH Sole 151500 7300
D Human Genome Sciences COM 444903108 1254 17000
SH Sole 16200 800
D Inco Ltd. COM 453258402 1413 66100
SH Sole 63300 2800
D International Network Services COM 460053101 1153 21200
SH Sole 20200 1000
D JDS Uniphase Corp. COM 46612J101 1445 12700
SH Sole 12200 500
D Jabil Circuit Inc. COM 466313103 1257 25400
SH Sole 24200 1200
D King Pharmaceuticals COM 495582108 1379 39400
SH Sole 37800 1600
D Lam Research Corp. COM 512807108 1488 24400
SH Sole 23400 1000
D Lexmark International Group COM 529771107 2222 27600
SH Sole 26500 1100
D MGM Grand Inc. COM 552953101 1167 22800
SH Sole 21700 1100
D MTI Technology Corp. COM 553903105 1160 50300
SH Sole 47900 2400
D Macromedia Inc. COM 556100105 1778 43500
SH Sole 41600 1900
D MedImmune Inc. COM 584699102 1246 12500
SH Sole 12000 500
D Mercury Interactive Corp. COM 589405109 1595 24700
SH Sole 23700 1000
D Micron Technology COM 595112103 1285 19300
SH Sole 18500 800
D Millennium Pharm. COM 599902103 1157 17800
SH Sole 17000 800
D NCO Group Inc. COM 628858102 1391 29600
SH Sole 28400 1200
D National Semiconductor COM 637640103 1293 42400
SH Sole 40400 2000
D Navigant Consulting Inc. COM 63935N107 1883 40600
SH Sole 39000 1600
D Network Solutions Inc. COM 64121Q102 2297 25000
SH Sole 23900 1100
D Newmont Mining Corp. COM 651639106 2763 106800
SH Sole 102400 4400
D Optical Coating Laboratory COM 683829105 1565 17000
SH Sole 16300 700
D PMC-Sierra Inc. COM 69344F106 1369 14800
SH Sole 14200 600
D Park Place Entertainment COM 700690100 1270 101600
SH Sole 96900 4700
D Peregrine Systems Inc. COM 71366Q101 2241 55000
SH Sole 52800 2200
D Placer Dome Inc. COM 725906101 1410 94800
SH Sole 91000 3800
D Polycom Inc. COM 73172K104 1525 32000
SH Sole 30700 1300
D QLT Phototherapeutics Inc. COM 746927102 1147 15000
SH Sole 14300 700
D Qualcomm Corp. COM 747525103 1759 9300
SH Sole 8900 400
D R and B Falcon Corp. COM 74912E101 1113 84800
SH Sole 80800 4000
D Schlumberger COM 806857108 1489 23900
SH Sole 22900 1000
D Scientific Atlantic COM 808655104 1170 23600
SH Sole 22500 1100
D Siebel Systems Inc. COM 826170102 1932 29000
SH Sole 27600 1400
D TMP Worldwide Inc. COM 872941109 1412 23200
SH Sole 22300 900
D Texas Instruments COM 882508104 1226 14900
SH Sole 14200 700
D Tiffany and Co. COM 886547108 1391 23200
SH Sole 22100 1100
D TranSwitch Corp. COM 894065101 1981 34750
SH Sole 33150 1600
D Tyco International COM 902124106 2013 19500
SH Sole 18700 800
D US Freightways Corp. COM 916906100 1255 26500
SH Sole 25400 1100
D Unify Corp. COM 904743101 1415 62900
SH Sole 60400 2500
D Veritas Software Corp. COM 923436109 1822 24000
SH Sole 23000 1000
D Visual Networks Inc. COM 928444108 1231 29000
SH Sole 27800 1200
D Waters Corporation COM 941848103 1302 21500
SH Sole 21500
D Western Wireless Corp. COM 95988E204 1332 29700
SH Sole 28300 1400
D Whittman-Hart Inc. COM 966834103 1757 45300
SH Sole 43500 1800
D Xilynx Inc. COM 983919101 2077 31700
SH Sole 30400 1300
D Xircom COM 983922105 1661 38900
SH Sole 37300 1600
</TABLE>
