BENCHMARK CO INC
13F-HR, 1999-05-13
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON DC  20549

FORM 13F

FORM 13F COVER PAGE

REPORT FOR THE YEAR OR QUARTER ENDED: March 31, 1999

Check here if amendment:			[  ] ; Amendment Number:
This amendment (Check only one.)		[  ] is a restatement.
					[  ] adds new holdings entries.

INSTITUTIONAL INVESMENT MANAGER FILING THIS REPORT:

	NAME:		The Benchmark Company, Inc.
	ADDRESS:	750 Lexington Avenue
New York, NY  10022

13F FILE NUMBER:	28-6598

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 DiPaolo
TITLE:		President
PHONE:	212-421-4080
SIGNATURE, PLACE AND DATE OF SIGNING:
ss/LORRAINE DiPAOLO/ New York NY  May 11, 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.














FORM 13F SUMMARY PAGE


REPORT SUMMARY:

	NUMBER OF OTHER INCLUDED MANAGERS:		2
	FORM 13F INFORMATION TABLE ENTRY TOTAL:	111
	FORM 13F INFORMATION TABLE VALUE TOTAL:	$100,887,000

LIST OF OTHER INCLUDED MANAGERS:


	NO.		13F FILE NUMBER	NAME
	01		28-6640			Lorraine DiPaolo
	02		28-7090			Richard Whitman
	
<TABLE>				
<S>
THE BENCHMARK COMPANY, INC.
FORM 13F
March 31, 1999

                                                                                             Voting Authority
                                    <C>                <C>                                                                  
                                                                                 --------------------------
                                                     Value   Shares/ Sh/     Put/    Invstmt Other
Name of Issuer                    Title of cCUSIP    (x$1000)Prn Amt Prn     Call    Dscretn ManagersSole    Shared  None
- ------------------------------    --------------------------------------     ----    ------- ----------------------------

***ACCENT SOFTWARE INTL LTD       COM       m01575105       9   50000SH              Sole                       50000
***GUCCI GROUP NV                 COM                     765    9500SH              Sole                        9500
***JARDINE LLOYD THOMPSON GROU    COM       g55440104      56   16000SH              Sole                       16000
***MONTAGUE GOLD NL-ORD           COM       q63467106       1   18300SH              Sole                       18300
***OSHAP TECHNOLOGIES LTD         COM       671039105    4482  343100SH              Sole               85000  258100
***VENATOR GROUP INC              COM                     706  100000SH              Sole              100000
**BEAR STEARNS S&P STARS          COM                     896   36737SH              Sole                       36737
**BEAR STEARNS S&P STARS          COM                     763   31668SH              Sole                       31668
ACM GOVT INCOME FUND INC          COM       000912105     280   33200SH              Sole                       33200
ALLIED SIGNAL INC-COM             COM       019512102    2007   40800SH              Sole               15000   25800
ALLSTATE CORP                     COM                     562   15160SH              Sole               15000     160
AMBANC HOLDING CO INC             COM       023161102     461   27500SH              Sole               27000     500
AMERICA ONLINE INC-DEL            COM                     215    1472SH              Sole                        1472
AMERICAN BANKERS INS GROUP INC    COM       024456105    2080   40000SH              Sole               40000
AMERICAN TEL & TEL CO             COM       001957109    1141   14300SH              Sole                       14300
AMERICREDIT CORP                  COM       03060R101   13580 1034695SH              Sole              230800  803895
APPLE COMPUTER INC W/RTS          COM       037833100    2275   63300SH              Sole               20000   43300
ASSOCIATED GROUP INC-CL B         COM       045651205    1101   22700SH              Sole               22500     200
AURA SYSTEMS INC                  COM       051526101      21   55117SH              Sole                       55117
BANK OF NEW YORK CO INC-W/RTS     COM       064057102    1725   48000SH              Sole                       48000
BANK UNITED OF TEXAS FSB          COM       065414203     505   19300SH              Sole                       19300
BERKSHIRE HATHAWAY INC            COM       084670108    2642      37SH              Sole                          37
BIG FLOWER HOLDINGS INC           COM                     700   22500SH              Sole               22500
BLACKROCK NORTH AMERICAN          COM       092475102     201   20150SH              Sole                       20150
BLACKROCK TARGET TERM TRUST       COM       092476100     121   12500SH              Sole                       12500
BRADLEY REAL ESTATE INC           COM       104580105     274   15100SH              Sole                       15100
CENDANT CORP                      COM       151313103     709   45000SH              Sole               25000   20000
CENTERTRUST RETAIL PROPERTIES     COM       40443E100     451   39250SH              Sole                       39250
CERBCO INC                        COM       156713109     236   32500SH              Sole               32500
CERPLEX GROUP INC                 COM       051629103      32   60467SH              Sole                       60467
CHASE MANHATTAN CORP              COM                    1480   18200SH              Sole                       18200
CITIGROUP CAPITAL V               COM       17306k209     472   18700SH              Sole                       18700
CITIGROUP INC                     COM       894190107     668   10460SH              Sole                       10460
CNY FINANCIAL CORP                COM                     897   73200SH              Sole               65000    8200
COLUMBIA/HCA HEALTHCARE CORP      COM       197677107    2523  133200SH              Sole               20000  113200
COMMUNITY STATE BANK              COM       204136105     225   15000SH              Sole               15000
COMPAQ COMPUTER CORP              COM       204493100    1312   41400SH              Sole                       41400
DREYFUS STRATEGIC GOVT INCOME     COM       261938104     101   11300SH              Sole                       11300
EAGLE BANCGROUP INC               COM       26941T103    1086   49100SH              Sole               29000   20100
EASTERN ENTERPRISES               COM       27637F100     273    7500SH              Sole                7500
FORT DEARBORN INCOME SECS INC     COM       347200107     209   13425SH              Sole                       13425
FRISBY TECHNOLOGIES INC           COM       358743102      92   23000SH              Sole                       23000
FRONTIER CORP                     COM       35906P105    1556   30000SH              Sole               30000
HANDLEMAN CO                      COM       410252100    1025   76600SH              Sole               70000    6600
HARRAHS ENTERTAINMAENT INC        COM       413619107     904   47400SH              Sole               30000   17400
HEWLETT PACKARD CO                COM                     570    8400SH              Sole                5000    3400
HIGH INCOME OPPORTUNITY FUND I    COM       42967Q105     296   27862SH              Sole                       27862
HOME PROPERTIES OF NEW YORK       COM       437306103     266   11500SH              Sole                       11500
IDX SYSTEMS CORP                  COM       449491109     270   18600SH              Sole                       18600
INTELLIQUEST INFORMATION GROUP    COM       45816H101     289   28500SH              Sole                       28500
INTERMEDIA COMMUNICATIONS OF      COM                     799   30000SH              Sole               30000
INTL FAST FOOD CORP               COM       45950q107      88  166500SH              Sole                      166500
KELLSTROM INDUSTRIES INC          COM       488035106     571   36000SH              Sole                       36000
KTI INC NEW                       COM                     103   10000SH              Sole               10000
KUSHNER LOCKE CO NEW              COM                     198   12800SH              Sole               10000    2800
LIBERTY PROPERTY TRUST            COM       531172104    1547   74550SH              Sole                       74550
LTC PROPERTIES INC                COM       502175102    1012   82580SH              Sole                       82580
LTC PROPERTIES INC-9% CUM PFD     COM                     686   39500SH              Sole                       39500
MACK-CALI REALTY CORP             COM       129909107    1821   62000SH              Sole                       62000
MCI WORLDCOM INC                  COM       55268b106     850    9600SH              Sole                        9600
THE BENCHMARK COMPANY, INC.
FORM 13F
March 31, 1999

                                                                                             Voting Authority
                                                                                             --------------------------
                                                     Value   Shares/ Sh/     Put/    Invstmt Other
Name of Issuer                    Title of cCUSIP    (x$1000)Prn Amt Prn     Call    Dscretn ManagersSole    Shared  None
- ------------------------------    --------------------------------------     ----    ------- --------------------------------

MICROSOFT CORP.                   COM       594918104     227    2534SH              Sole                        2534
MILLENNIUM CHEMICALS INC          COM       599903101     380   19100SH              Sole               15000    4100
MONSANTO CO                       COM       611662107     585   12735SH              Sole                       12735
MONSANTO CO - 6.50% PFD ADJ       COM       611662305    1739   37400SH              Sole                       37400
MULTIPLE ZONES INTERNATIONAL      COM       624906103     370   21500SH              Sole                       21500
NATIONWIDE HEALTH PROPERTIES      COM       638620104     274   14400SH              Sole                       14400
NEWSEDGE CORP                     COM       65249q106    3250  382350SH              Sole               65000  317350
NEXTEL COMMUNICATIONS INC-CL A    COM       65332V103    1622   44300SH              Sole                       44300
NORDSTROM INC                     COM                     650   15900SH              Sole                       15900
NUVEEN INSURED CALIFORNIA         COM       67061U108     205   13333SH              Sole                       13333
OPTI INC                          COM       683960108     495   87000SH              Sole               85000    2000
OROAMERICA INC                    COM       687027102     985  106500SH              Sole              102000    4500
PACIFIC AMER INCOME SHARES INC    COM       693796104     173   11400SH              Sole                       11400
PAXAR CORP.                       COM       704227107     480   64475SH              Sole               25000   39475
PHILIP MORRIS COS INC             COM       718154107    1122   31900SH              Sole               30000    1900
PIMCO COMMERCIAL MORTGAGE         COM       693388100     660   50300SH              Sole                       50300
PLANET POLYMER TECHNOLOGIES       COM       727044109     553  268100SH              Sole                      268100
POLAROID CORP-W/RTS TO PUR        COM                    2002   99800SH              Sole               45000   54800
POWER DIRECT INC                  COM                      10   30000SH              Sole                       30000
PRICE/COSTCO INC                  COM       22160Q102     504    5500SH              Sole                        5500
PUBLIC SERVICE ENTERPRISE         COM       744573106    1287   33700SH              Sole                       33700
RAMAPO FINANCIAL CORP             COM       751366105     354   34000SH              Sole               33000    1000
RAYTHEON CO-CL A                  COM                    1172   20300SH              Sole               15000    5300
RENT A CENTER INC-NEW             COM       760114108     865   30100SH              Sole               30100
ROCHESTER GAS & ELECTRIC CORP     COM       771367109    1127   44000SH              Sole                       44000
ROCK FINANCIAL CORP (MI.)         COM       772150108     414   23000SH              Sole               21000    2000
SBARRO INC                        COM       805844107     464   17500SH              Sole               17500
SCIOS INC                         COM       808905103     272   30000SH              Sole               30000
SHOP AT HOME INC NEW              COM                     182   14500SH              Sole                       14500
SIZELER PROPERTY INVESTORS INC    COM       830137105     101   12200SH              Sole                       12200
SOUND ADVICE INC                  COM       836066100      62   24200SH              Sole                       24200
STORAGE TECHNOLOGY CORP NEW       COM                    1399   50200SH              Sole               25000   25200
SUMMIT BANCORP                    COM       866005101     271    6940SH              Sole                        6940
TANDY CORP                        COM                    1972   30900SH              Sole               20000   10900
TCW DW TERM TRUST 2002-SBI        COM       87234t101     795   82600SH              Sole                       82600
TEREX CORP NEW                    COM       880779103    3469  143800SH              Sole               35000  108800
THERMO CARDIOSYSTEMS INC          COM       88355K200     520   65000SH              Sole                       65000
TOP SOURCE INC                    COM       890530108     115   76800SH              Sole                       76800
TOYS R US INC                     COM       892335100     188   10000SH              Sole               10000
TRIARC COMPANIES INC-CL A         COM       895927101    2790  159999SH              Sole               59200  100799
TRITON ENERGY CORP LTD-ORD CL     COM       G90751101      79   10000SH              Sole                       10000
UNITED RETAIL GROUP INC           COM       911380103     155   13500SH              Sole               10000    3500
VARIAN MEDICAL SYSTEM INC.        COM                     581   15000SH              Sole               15000
VICORP RESTAURANTS INC            COM       925817108     498   31100SH              Sole               29100    2000
VOLT INFORMATION SCIENCES INC     COM       928703107    1351   82200SH              Sole               27000   55200
WALT DISNEY CO W/RTS TO PUR       COM       254687106     621   19960SH              Sole                       19960
WORKFLOW MANAGEMENT INC           COM       98137n109     321   47500SH              Sole               45000    2500
XTRA CORP-W/RTS TO PUR P/STK      COM       984138107     575   15000SH              Sole               15000
***AUSTRALIA & NEW ZEALAND BKG    PRD       052528403     259    9500SH              Sole                        9500
***SANTANDER OVERSEAS BANK INC    PRD       802814509     219    8600SH              Sole                        8600
CAMDEN PROPERTIES TRUST 2.25 C    PRD                     937   40100SH              Sole                       40100
REPORT SUMMARY                           111DATA RECO  100887        0       OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>


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