UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calender 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: 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 part of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Paul Howard Sutherland
Title: President
Phone: 231-271-3915
Signature, Place, and Date of Signing:
Paul Howard Sutherland, Suttons Bay, MI, July 28, 1999
Report Type ( Check only one ) :
[ ] 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: 137
FORM 13F INFORMATION TABLE VALUE TOTAL: $84,446,531
LIST OF OTHER MANAGERS REPORTING FOR THIS REPORT: NONE
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<TABLE> <C> <C>
FORM 13F INFORMATION TABLE
TITLE
OF SH/P
VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP VALUE AMOUNT S/P P/C INV
DIS MANAGER SOLE SHARED NONE
<C> <C> <C> <C> <C> <C> <C>
<C> <C> <C> <C> <C>
BANKATLANTIC BANCORP SB DB CV6.75%06 065908AC9 1137240 1404 SH
SHARED 01 1404
INCO LTD DEB CONV 5.75%04 453258AK1 350831 385 SH
SHARED 01 385
DURA PHARMACEUTICALS SUB NT CV 3.5%02 26632SAA7 489525 642 SH
SHARED 01 642
PHYCOR INC SUB DB CV 4.5%03 71940FAB6 418455 547 SH
SHARED 01 547
CHIEFTAIN INTL FDG CO PFD CV $1.8125 168672202 366743 14038 SH
SHARED 01 14038
AMERICAN INSD MTG INVS DEP UNIT PRTNR 026862102 2016993 806797 SH
SHARED 01 806797
AMER INSD MTG LP 85 DEPOSITARY UNIT 02686E106 1771219 166703 SH
SHARED 01 166703
AMER INSD MTG LP 86 DEPOSITARY UNIT 02686F103 2102320 382240 SH
SHARED 01 382240
AMER INSD MTG LP 88 DEPOSITARY UNIT 02686G101 811058 74580 SH
SHARED 01 74580
BLACKROCK NORTH AM GOV COM 092475102 272500 27250 SH
SHARED 01 27250
MFS INTER INCOME TRUST SH BEN INT 55273C107 397683 61776 SH
SHARED 01 61776
TEMPLETON GLOBAL GOVT FD SH BEN INT 879929107 228713 34200 SH
SHARED 01 34200
TEMPLETON GLOBAL INCOME COM 880198106 3402735 518512 SH
SHARED 01 518512
BLACKROCK INSD MUN 2008 COM 09247K109 580713 37900 SH
SHARED 01 37900
INSURED MUN INCOME FD COM 45809F104 431244 32701 SH
SHARED 01 32701
NUVEEN SELECT MAT MUN FD SH BEN INT 67061T101 159981 13900 SH
SHARED 01 13900
SMITH BARNEY INTER QUAL COM 831802103 374300 39400 SH
SHARED 01 39400
CASTLE CONV FD INC COM 148443104 1044920 47095 SH
SHARED 01 47095
LINCOLN NATL CONV SECS COM 534183108 2417100 172650 SH
SHARED 01 172650
BLACKROCK 1999 TERM TR COM 09247T100 827436 83264 SH
SHARED 01 83264
HYPERION 1999 TERM TR INC COM 448913103 152753 21439 SH
SHARED 01 21439
LIBERTY TERM TR INC COM 531282101 2536731 281859 SH
SHARED 01 281859
BLACKROCK TARGET TERM TR COM 092476100 358512 37248 SH
SHARED 01 37248
BLACKROCK 2001 TERM TR COM 092477108 117000 13000 SH
SHARED 01 13000
BLACKROCK STARTEGIC TERM COM 09247P108 458563 50600 SH
SHARED 01 50600
HYPERION 2002 TERM TR COM 448915108 195975 23400 SH
SHARED 01 23400
NATIONS BALANCED TRGT MAT COM 63857K107 1501425 166825 SH
SHARED 01 166825
ROYCE VALUE TR INC COM 780910105 340499 25698 SH
SHARED 01 25698
ASIA TIGERS FD INC COM 04516T105 689957 72627 SH
SHARED 01 72627
MORGAN STANLEY ASIA-PAC FD COM 61744U106 2234655 232172 SH
SHARED 01 232172
ROYCE FOCUS TR COM 78080N108 405468 82120 SH
SHARED 01 82120
ACCESS ANYTIME BANCORP COM 00431F105 229031 29316 SH
SHARED 01 29316
ASSOCIATED BANC CORP COM 045487105 205882 4961 SH
SHARED 01 4961
BANK ONE CORP COM 06423A103 347905 5841 SH
SHARED 01 5841
CHITTENDEN CORP COM 170228100 292969 9375 SH
SHARED 01 9375
CITIGROUP INC COM 172967101 303216 6383 SH
SHARED 01 6383
CITIZENS BKG CORP MICH COM 174420109 404491 13455 SH
SHARED 01 13455
COMERICA INC COM 200340107 485010 8160 SH
SHARED 01 8160
CREDIT ACCEP CORP MICH COM 225310101 90000 15000 SH
SHARED 01 15000
MEGABANK FINANCIAL CORP COM 58515J104 638981 64300 SH
SHARED 01 64300
NATIONAL CITY BANCORP COM 635312101 280560 13440 SH
SHARED 01 13440
OLD KENT FINL CORP COM 679833103 4187500 100000 SH
SHARED 01 100000
REPUBLIC SECURITY FINL CO COM 760758102 170750 20388 SH
SHARED 01 20388
STATE FINL SERVICES CO CL A 856855101 1075994 70557 SH
SHARED 01 70557
WELLS FARGO & CO NEW COM 949746101 210758 4930 SH
SHARED 01 4930
MITCHAM INDS INC COM 606501104 68000 17000 SH
SHARED 01 17000
PETROLEUM & RES CORP COM 716549100 67419 16100 SH
SHARED 01 16100
EXXON CORP COM 302290101 420177 5448 SH
SHARED 01 5448
KN ENERGY INC COM 482620101 553819 41407 SH
SHARED 01 41407
MOBIL CORP COM 607059102 275118 2786 SH
SHARED 01 2786
RANGE RES CORP COM 75281A109 105963 17300 SH
SHARED 01 17300
TRANSOCEAN OFFSHORE COM 893817106 280560 10688 SH
SHARED 01 10688
ALTA GOLD CO COM 021271101 4063 16250 SH
SHARED 01 16250
ANGLO AMERN PLC ADR 03485P102 1124715 23554 SH
SHARED 01 23554
NEWSTAR RES INC COM NEW 65250E208 11924 99364 SH
SHARED 01 99364
PETROLEUM & RES CORP COM 716549100 802253 23086 SH
SHARED 01 23086
AMERITECH CORP NEW COM 030954101 743747 10119 SH
SHARED 01 10119
AT&T CORP COM 001957109 925148 16576 SH
SHARED 01 16576
BELL ATLANTIC CORP COM 077853109 206062 3152 SH
SHARED 01 3152
CBS CORP COM 12490K107 313650 7200 SH
SHARED 01 7200
HECTOR COMMUNICATIONS CO COM 422730101 642870 64287 SH
SHARED 01 64287
LUCENT TECHNOLOGIES INC COM 549463107 241696 3584 SH
SHARED 01 3584
MOTOROLA INC COM 620076109 554288 5850 SH
SHARED 01 5850
NOKIA CORP SPONSORED ADR 654902204 338781 3700 SH
SHARED 01 3700
SBC COMMUNICATIONS INC COM 78387G103 366792 6324 SH
SHARED 01 6324
VODAFONE GROUP PLC SPONSORED ADR 92857T107 516731 2623 SH
SHARED 01 2623
ACCLAIM ENTMT INC COM PAR $.02 004325205 84673 13282 SH
SHARED 01 13282
APPLE COMPUTER INC COM 037833100 314369 6788 SH
SHARED 01 6788
AURA SYS INC COM 051526101 43377 198248 SH
SHARED 01 198248
COMPAQ COMPUTER CORP COM 204493100 1140150 48133 SH
SHARED 01 48133
COMPOSITECH INC COM 204938104 179482 72700 SH
SHARED 01 72700
COMPUWARE CORP COM 205638109 289494 9100 SH
SHARED 01 9100
DELL COMPUTER CORP COM 247025109 310430 8390 SH
SHARED 01 8390
EPICOR SOFTWARE CORP COM 29426L108 122734 16502 SH
SHARED 01 16502
HEWLETT PACKARD CO COM 428236103 381900 3800 SH
SHARED 01 3800
INTEL CORP COM 458140100 600656 10095 SH
SHARED 01 10095
INTERNATIONAL BUSINESS MAC COM 459200101 996518 7710 SH
SHARED 01 7710
KONINKLIJKE PHILIPS ELEC SPON ADR 500472204 222732 2208 SH
SHARED 01 2208
MICROAGE INC COM 594928903 143903 37745 SH
SHARED 01 37745
NEW HORIZONS WORLDWIDE COM 645526104 1839653 93147 SH
SHARED 01 93147
SAGA SYS INC COM 786610105 513162 40248 SH
SHARED 01 40248
WESTERN DIGITAL CORP COM 958102105 133900 20600 SH
SHARED 01 20600
BARRINGER TECHNOLOGIES COM NEW 068509603 112881 17450 SH
SHARED 01 17450
CABLETRON SYS INC COM 126920107 494013 38001 SH
SHARED 01 38001
INACOM CORP COM 45323G109 199892 15833 SH
SHARED 01 15833
MODIS PROFESSIONAL SVCS COM 607830106 501134 36950 SH
SHARED 01 36950
OMNICOM GROUP INC COM 681919106 1371680 17146 SH
SHARED 01 17146
AFLAC INC COM 001055102 355137 7418 SH
SHARED 01 7418
AMERICAN INTL GROUP INC COM 026874107 681574 5813 SH
SHARED 01 5813
CITIZENS FINL CORP KY CL A 174613109 233082 21682 SH
SHARED 01 21682
FINANCIAL INDS CORP COM 317574101 216000 18000 SH
SHARED 01 18000
LIBERTY FINL COS INC COM 530512102 317463 10900 SH
SHARED 01 10900
FRANKLIN COVEY CO COM 353469109 338933 45957 SH
SHARED 01 45957
INTEGRITY INCORPORATED CL A 45813H104 533175 174098 SH
SHARED 01 174098
BORDERS GROUP INC COM 099709107 531695 33625 SH
SHARED 01 33625
MATTEL INC COM 577081102 1671007 63962 SH
SHARED 01 63962
VENATOR GROUP INC COM 922944103 866594 83027 SH
SHARED 01 83027
GUANGSHEN RY LTD SPONSORED ADR 40065W107 170800 22400 SH
SHARED 01 22400
HAUSER INC COM PAR $.001 419141403 129553 23551 SH
SHARED 01 23551
NBTY INC COM 628782104 845013 130002 SH
SHARED 01 130002
ABBOTT LABS COM 002824100 285862 6300 SH
SHARED 01 6300
BERGEN BRUNSWIG CORP CL A 083739102 579447 33591 SH
SHARED 01 33591
BRISTOL MYERS SQUIBB CO COM 110122108 1339107 19010 SH
SHARED 01 19010
INVESCO GLOBAL HEALTH SCI COM 46128N109 680103 42673 SH
SHARED 01 42673
JOHNSON & JOHNSON COM 478160104 421400 4300 SH
SHARED 01 4300
MERCK & CO INC COM 589331107 848896 11530 SH
SHARED 01 11530
SCHERING PLOUGH CORP COM 806605101 593250 11300 SH
SHARED 01 11300
TENET HEALTHCARE CORP COM 88033G100 357328 19250 SH
SHARED 01 19250
TRANSCEND SERVICES INC COM 893929109 15044 12035 SH
SHARED 01 12035
AKSYS LTD COM 010196103 77888 13400 SH
SHARED 01 13400
COFFEE PEOPLE INC COM 192189108 426982 166627 SH
SHARED 01 166627
GARDENBURGER INC COM 365476100 223397 25350 SH
SHARED 01 25350
HANSEN NAT CORP COM 411310105 553884 126602 SH
SHARED 01 126602
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 278691 12150 SH
SHARED 01 12150
HRPT PPTYS TR COM SH BEN INT 40426W101 778733 50856 SH
SHARED 01 50856
AUTONATION INC COM 05329W102 265852 14925 SH
SHARED 01 14925
DAIMLERCHRYSLER AG ORD D1668R123 398186 4474 SH
SHARED 01 4474
MASCOTECH INC COM 574670105 464088 27400 SH
SHARED 01 27400
THERMO ELECTRON CORP COM 883556102 258305 12875 SH
SHARED 01 12875
TYCO INTL LTD NEW COM 902124106 1642485 17335 SH
SHARED 01 17335
U S INDS INC NEW COM 912080108 179350 10550 SH
SHARED 01 10550
UNITED TECHNOLGIES CORP COM 913017109 297504 4132 SH
SHARED 01 4132
ALLIANT CORP COM 018802108 256226 9030 SH
SHARED 01 9030
HAWAIIAN ELEC INDUSTRIES COM 419870100 1556888 43856 SH
SHARED 01 43856
IDACORP INC COM 451107106 1113462 35348 SH
SHARED 01 35348
MIDAMERICAN ENERGY HLDS COM 59562V107 207750 6000 SH
SHARED 01 6000
NEW CENTURY ENERGIES INC COM 64352U103 803186 20694 SH
SHARED 01 20694
OTTER TAIL PWR CO COM 689648103 636436 16504 SH
SHARED 01 16504
PACIFICORP COM 695114108 460294 25050 SH
SHARED 01 25050
ST JOSEPH LT & PWR CO COM 790654107 736729 35938 SH
SHARED 01 35938
USEC INC COM 90333E108 1161752 78101 SH
SHARED 01 78101
WPS RESOURCES CORP COM 92931B106 1245570 41519 SH
SHARED 01 41519
SEALED AIR CORP NEW COM 81211K100 519000 8000 SH
SHARED 01 8000
GENERAL ELEC CO COM 369604103 797102 7054 SH
SHARED 01 7054
AMWAY JAPAN LTD SPONSORED ADR 03234J100 391225 78245 SH
SHARED 01 78245
VAN KAMPEN SENIOR INCOME COM 920961109 389500 41000 SH
SHARED 01 41000
OFFICEMAX INC COM 67622M108 238800 19900 SH
SHARED 01 19900
</TABLE>
