UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calender 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 Investment Manager Filing this Report
Name: Financial & Investment Management Group, Ltd.
Address: P.O. Box 40
417 St. Joseph Street
Suttons Bay, MI 49682
13F File Number: 28-6648
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: Paul Howard Sutherland
Title: President
Phone: 616-271-3915
Signature, Place, and Date of Signing:
Paul Howard Sutherland, Suttons Bay, MI , May 21, 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: 122
FORM 13F INFORMATION TABLE VALUE TOTAL: $76,302 (THOUSANDS)
LIST OF OTHER MANAGERS REPORTING FOR THIS REPORT : NONE
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FORM 13F INFORMATION TABLE
TITLE
OF VALUE
VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) SH/P AMOUNT S/P P/C INV
DIS MANAGER SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C>
<C> <C> <C> <C>
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AMERICAN INSD MTG INVS
L P 85 DEP. UNIT 02686E106 1595 135025 SH
SHARED 01 135025
AMERICAN INSD MTG INVS DEP. UNIT 026862102 1727 674130 SH
SHARED 01 674130
AMERICAN INSD MTG INVS
L P 86 DEP. UNIT 02686F103 2446 287713 SH
SHARED 01 287713
AMERICAN INSD MTG INVS
L P 88 DEP. UNIT 02686G101 902 78880 SH
SHARED 01 78880
BLACKROCK NORTH AMER
GOV INCM COMMON 092475102 306 30575 SH
SHARED 01 30575
MFS INTER INCOME TR SH BEN INT 55273C107 445 67100 SH
SHARED 01 67100
TEMPLETON GLOBAL
INCOME FD INC COMMON 880198106 3545 530050 SH
SHARED 01 530050
TEMPLETON GLOBAL GOVT
INCOME FD SH BEN INT 879929107 1179 181450 SH
SHARED 01 181450
BLACKROCK INSD MUN
2008 TRM TR COMMON 09247K109 629 39800 SH
SHARED 01 39800
INSURED MUN INCOME FD COMMON 45809F104 494 34701 SH
SHARED 01 34701
NUVEEN SELECT MAT
MUN FD SH BEN INT 67061T101 163 13900 SH
SHARED 01 13900
SMITH BARNEY INTER
QUALITY MUN COMMON 831802103 345 34100 SH
SHARED 01 34100
LINCOLN NATL CONV SEC
FD INC COMMON 534183108 890 69500 SH
SHARED 01 69500
HYPERION 1999 TERM
INC TR COMMON 448913103 203 27939 SH
SHARED 01 27939
LIBERTY TERM TR INC COMMON 531282101 2730 305500 SH
SHARED 01 305500
BLACKROCK TARGET TERM
TR INC COMMON 092476100 396 40848 SH
SHARED 01 40848
BLACKROCK 2001 TERM
TR INC COMMON 092477108 117 13000 SH
SHARED 01 13000
BLACKROCK STRATEGIC
TERM TR COMMON 09247P108 490 53300 SH
SHARED 01 53300
HYPERION 2002 TERM
TR INC COMMON 448915108 213 25300 SH
SHARED 01 25300
NATIONS BALANCED TARGET
MAT FD COMMON 63857K107 984 109325 SH
SHARED 01 109325
ROYCE VALUE TR INC COMMON 780910105 306 27057 SH
SHARED 01 27057
ASIA TIGERS FD INC COMMON 04516T105 527 75300 SH
SHARED 01 75300
MORGAN STANLEY ASIA-
PACIFIC FD INC COMMON 61744U106 1796 224500 SH
SHARED 01 224500
ROYCE GLOBAL TR INC COMMON 78080N108 504 125950 SH
SHARED 01 125950
ACCESS ANYTIME BANCORP COMMON 00431F105 244 34822 SH
SHARED 01 34822
BANK ONE CORP COMMON 06423A103 322 5841 SH
SHARED 01 5841
CALUMET BANCORP INC COM NEW 131386104 1010 35750 SH
SHARED 01 35750
CHITTENDEN CORP COMMON 170228100 250 9375 SH
SHARED 01 9375
CITIGROUP INC COM NEW 172967101 482 7547 SH
SHARED 01 7547
CITIZENS BKG CORP MICH COMMON 174420109 484 13455 SH
SHARED 01 13455
CNB BANCSHARES INC COMMON 126126101 716 17790 SH
SHARED 01 17790
COMERICA INC COMMON 200340107 509 8160 SH
SHARED 01 8160
CREDIT ACCEP CORP MICH COMMON 225310101 85 15000 SH
SHARED 01 15000
FIRST MERCHANTS CORP COMMON 320817109 327 13350 SH
SHARED 01 13350
HOME FED BANCORP COMMON 436926109 288 13163 SH
SHARED 01 13163
MEGABANK FINANCIAL CORP COMMON 58515J104 858 93400 SH
SHARED 01 93400
MID-IOWA FINANCIAL CORP COMMON 59540A100 435 30400 SH
SHARED 01 30400
NATIONAL CITY
BANCORPORATION COMMON 635312101 240 11440 SH
SHARED 01 11440
OLD KENT FINL CORP COMMON 679833103 4231 100000 SH
SHARED 01 100000
REPUBLIC SECURITY FINL
CORP COMMON 760758102 368 39823 SH
SHARED 01 39823
STATE FINL SVCS CORP CLASS A 856855101 818 68184 SH
SHARED 01 68184
PETROLEUM DEV CORP COMMON 716578109 46 12700 SH
SHARED 01 12700
KN ENERGY INC COMMON 482620101 781 39150 SH
SHARED 01 39150
MOBIL CORP COMMON 607059102 245 2786 SH
SHARED 01 2786
RANGE RES CORP COMMON 75281A109 61 17300 SH
SHARED 01 17300
USX MARATHON GROUP COM NEW 902905827 621 22584 SH
SHARED 01 22584
ALTA GOLD CO COMMON 021271101 12 16950 SH
SHARED 01 16950
ANGLO AMERN CORP SOUTH
AFRICA ADR 034861302 852 24530 SH
SHARED 01 24530
EXXON CORP COMMON 302290101 393 5568 SH
SHARED 01 5568
FREEPORT-MCMORAN COPPER
& GOLD CLASS A 35671D105 116 11320 SH
SHARED 01 11320
MK GOLD CO COMMON 55305P100 262 598361 SH
SHARED 01 598361
NEWSTAR RES INC COM NEW 65250E208 13 102400 SH
SHARED 01 102400
AIRTOUCH COMMUNICATIONS
INC COMMON 00949T100 531 5496 SH
SHARED 01 5496
AMERITECH CORP NEW COMMON 030954101 401 6956 SH
SHARED 01 6956
AT&T CORP COMMON 001957109 820 10272 SH
SHARED 01 10272
CBS CORP COMMON 12490K107 294 7200 SH
SHARED 01 7200
MOTOROLA INC COMMON 620076109 436 5950 SH
SHARED 01 5950
NOKIA CORP SPON ADR 654902204 222 1425 SH
SHARED 01 1425
SBC COMMUNICATIONS INC COMMON 78387G103 223 4724 SH
SHARED 01 4724
ACCLAIM ENTMT INC COM PAR.02 004325205 124 13900 SH
SHARED 01 13900
AURA SYS INC COMMON 051526101 76 203576 SH
SHARED 01 203576
COMPAQ COMPUTER CORP COMMON 204493100 924 29170 SH
SHARED 01 29170
COMPOSITECH LTD COMMON 204938104 130 76900 SH
SHARED 01 76900
DELL COMPUTER CORP COMMON 247025109 329 8040 SH
SHARED 01 8040
HEWLETT PACKARD CO COMMON 428236103 264 3900 SH
SHARED 01 3900
INTEL CORP COMMON 458140100 599 5035 SH
SHARED 01 5035
INTERNATIONAL BUSINESS
MACHS COMMON 459200101 683 3855 SH
SHARED 01 3855
MICROAGE INC COMMON 594928103 207 38450 SH
SHARED 01 38450
NEW HORIZONS WORLDWIDE
INC COMMON 645526104 1646 82825 SH
SHARED 01 82825
SOFTWARE AG SYS INC COMMON 834025108 344 40800 SH
SHARED 01 40800
LEARNING CO INC COMMON 522008101 1565 53960 SH
SHARED 01 53960
BARRINGER TECHNOLOGIES
INC COM NEW 068509603 205 30950 SH
SHARED 01 30950
CABLETRON SYS INC COMMON 126920107 278 33950 SH
SHARED 01 33950
INACOM CORP COMMON 45323G109 123 15808 SH
SHARED 01 15808
OMNICOM GROUP INC COMMON 681919106 1371 17146 SH
SHARED 01 17146
AFLAC INC COMMON 001055102 316 5800 SH
SHARED 01 5800
AMERICAN INTL GROUP INC COMMON 026874107 813 6736 SH
SHARED 01 6736
CITIZENS FINL CORP KY CLASS A 174613109 239 23800 SH
SHARED 01 23800
FINANCIAL INDS CORP COMMON 317574101 234 19500 SH
SHARED 01 19500
FRANKLIN COVEY CO COMMON 353469109 341 37850 SH
SHARED 01 37850
INTEGRITY INCORPORATED CLASS A 45813H104 538 153740 SH
SHARED 01 153740
INTRAV INC COMMON 460930100 441 26105 SH
SHARED 01 26105
VENATOR GROUP INC COMMON 922944103 677 95800 SH
SHARED 01 95800
V F CORP COMMON 918204108 211 4440 SH
SHARED 01 4440
HAUSER INC COM NEW 419141304 257 97800 SH
SHARED 01 97800
NBTY INC COMMON 628782104 505 103600 SH
SHARED 01 103600
WHOLE FOODS MKT INC COMMON 966837106 388 11285 SH
SHARED 01 11285
ABBOTT LABS COMMON 002824100 314 6700 SH
SHARED 01 6700
BRISTOL MYERS SQUIBB CO COMMON 110122108 1094 17060 SH
SHARED 01 17060
INVESCO GLOBAL HEALTH
SCIENCES COMMON 46128N109 728 37966 SH
SHARED 01 37966
JOHNSON & JOHNSON COMMON 478160104 402 4300 SH
SHARED 01 4300
MERCK & CO INC COMMON 589331107 732 9130 SH
SHARED 01 9130
PHARMERICA INC COMMON 717135107 655 131093 SH
SHARED 01 131093
SCHERING PLOUGH CORP COMMON 806605101 624 11300 SH
SHARED 01 11300
TENET HEALTHCARE CORP COMMON 88033G100 370 19550 SH
SHARED 01 19550
TRANSCEND SERVICES INC COMMON 893929109 15 12035 SH
SHARED 01 12035
AKSYS LTD COMMON 010196103 80 13400 SH
SHARED 01 13400
COFFEE PEOPLE INC COMMON 192189108 257 137200 SH
SHARED 01 137200
HANSEN NAT CORP COMMON 411310105 480 130200 SH
SHARED 01 130200
FEDERAL REALTY INVT TR SH BEN INT 313747206 257 12150 SH
SHARED 01 12150
HRPT PPTYS TR SH BEN INT 40426W101 637 47200 SH
SHARED 01 47200
GENERAL MTRS CORP COMMON 370442105 284 3259 SH
SHARED 01 3259
MASCOTECH INC COMMON 574670105 540 34812 SH
SHARED 01 34812
THERMO ELECTRON CORP COMMON 883556102 358 26425 SH
SHARED 01 26425
TYCO INTL LTD NEW COMMON 902124106 1244 17735 SH
SHARED 01 17735
U S INDS INC NEW COMMON 912080108 187 11350 SH
SHARED 01 11350
HAWAIIAN ELEC INDUSTRIES COMMON 419870100 1560 44485 SH
SHARED 01 44485
IDACORP INC COMMON 451107106 1048 35610 SH
SHARED 01 35610
INTERSTATE ENERGY CORP
WISE COMMON 460845100 294 11050 SH
SHARED 01 11050
NEW CENTURY ENERGIES INC COMMON 64352U103 714 20960 SH
SHARED 01 20960
OTTER TAIL PWR CO COMMON 689648103 1483 37202 SH
SHARED 01 37202
ST JOSEPH LT & PWR CO COMMON 790654107 740 36200 SH
SHARED 01 36200
USEC INC COMMON 90333E108 677 49675 SH
SHARED 01 49675
WPS RESOURCES CORP COMMON 92931B106 1269 43026 SH
SHARED 01 43026
SEALED AIR CORP NEW COMMON 81211K100 394 8000 SH
SHARED 01 8000
GENERAL ELEC CO COMMON 369604103 796 7198 SH
SHARED 01 7198
AMWAY JAPAN LTD SPON ADR 03234J100 359 82100 SH
SHARED 01 82100
BANKATLANTIC BANCORP SB DB CV
5.625% 07 065908AC9 1135 14430 SH
SHARED 01 14430
INCO LTD DEB CONV
5.75% 04 453258AK1 431 4900 SH
SHARED 01 4900
DURA PHARMACEUTICALS SUB NT CV
INC 3.5% 02 26632SAA7 493 6620 SH
SHARED 01 6620
PHYCOR INC SUB DB CV
4.5% 03 71940FAB6 327 5640 SH
SHARED 01 5640
HECTOR COMMUNICATIONS SB DB CONV
CORP 8.5% 02 422730AA9 568 5380 SH
SHARED 01 5380
</TABLE>
