UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calender Year or Quarter End : September 30, 1999
Check here if Amendment { }; Amendment Number :
This Amendment (Check only one): { } is a restatment
{ } 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 inmformation 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 H. Sutherland
Title: President
Phone: 231-271-3915
Signature, Place, and Date of Signing:
Paul Howard Sutherland, Suttons Bay, MI, November 9, 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 : 146
FORM 13F INFORMATION TABLE VALUE TOTAL : $ 90,595,749
LIST OF OTHER MANAGERS REPORTING FOR THIS REPORT : NONE
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<TABLE> <C> <C>
FORM 13F INFORMATION TABLE
TITLE OF
VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP VALUE SH/P AMOUNT S/P
P/C INV DIS MANAGER SOLE SHARED
<S> <C> <C> <C> <C> <C>
<C> <C> <C> <C> <C>
BANKATLANTIC BANCORP SBDB CV 6.75%06 065908AB1 1063920 1364 SH
SHARED 01 1364
TECK CORP SBDB CV 3.75%06 878742AB1 332955 441 SH
SHARED 01 441
DURA PHARMACEUTICALS INC SUB NTCV 3.5%02 26632SAA7 493759 634 SH
SHARED 01 634
PHYCOR INC SUB DBCV 4.5%03 71940FAB6 383955 537 SH
SHARED 01 537
HANCOCK JOHN PATRIOT GLBL COM 41013G103 620156 56700 SH
SHARED 01 56700
PARKWAY PPTYS INC COM 70159Q104 219844 10050 SH
SHARED 01 10050
NASDAQ 100 TR UNIT SER 1 631100104 258806 2150 SH
SHARED 01 2150
MIDCAP SPDR TR UNIT SER 1 595635103 202870 2825 SH
SHARED 01 2825
AMERICAN INSD MTG INVS DEP UNIT PRTNR 026862102 2106195 864080 SH
SHARED 01 864080
AMERICAN INSD MTG-INVS LP85 DEPOSITARY UNIT 02686E106 1945303 190950 SH
SHARED 01 190950
AMERICAN INSD MTG-INVS LP86 DEPOSITARY UNIT 02686F103 2353797 427963 SH
SHARED 01 427963
AMERICAN INSD MTG-INVS LP88 DEPOSITORY UNIT 02686G101 839040 104880 SH
SHARED 01 104880
BLACKROCK NORTH AMER GV INC COM 092475102 116222 11550 SH
SHARED 01 11550
MFS INTER INCOME TR SH BEN INT 55273C107 284963 44700 SH
SHARED 01 44700
TEMPLETON GLOBAL GVT INC FD SH BEN INT 879929107 190006 30100 SH
SHARED 01 30100
TEMPLETON GLOBAL INCOME FD COM 880198106 3486406 526250 SH
SHARED 01 526250
VAN KAMPEN SENIOR INCOME TR COM 920961109 336713 36900 SH
SHARED 01 36900
BLACKROCK INSD MUN 2008 TRM TR COM 09247K109 679656 45500 SH
SHARED 01 45500
BLACKROCK MUN TARGET TERM TR COM 09247M105 167075 16400 SH
SHARED 01 16400
INSURED MUN INCOME FD COM 45809F104 404902 32231 SH
SHARED 01 32231
NUVEEN SELECT MAT MUN FD SH BEN INT 67061T101 462275 45100 SH
SHARED 01 45100
SELIGMAN SELECT MUN FD INC COM 816344105 203775 20900 SH
SHARED 01 20900
SMITH BARNEY INTER QUALITY MUN COM 831802103 541988 58200 SH
SHARED 01 58200
CASTLE CONV FD INC COM 148443104 1986701 94045 SH
SHARED 01 94045
LINCOLN NATL CONV SECS FD INC COM 534183108 3256463 234700 SH
SHARED 01 234700
HYPERION 1999 TERM TR INC COM 448913103 114634 16089 SH
SHARED 01 16089
LIBERTY TERM TR INC COM 531282101 350797 39250 SH
SHARED 01 39250
BLACKROCK TARGET TERM TR INC COM 092476100 337059 35248 SH
SHARED 01 35248
BLACKROCK 2001 TERM TR INC COM 092477108 139500 15500 SH
SHARED 01 15500
BLACKROCK STRATEGIC TERM TR COM 09247P108 481025 54200 SH
SHARED 01 54200
HYPERION 2002 TERM TR INC COM 448915108 673831 82300 SH
SHARED 01 82300
ALL AMERN TERM TR INC COM 016440109 2237594 185500 SH
SHARED 01 185500
NATIONS BALANCED TARGET MAT FD COM 63857K107 2428344 277525 SH
SHARED 01 277525
ROYCE VALUE TR INC COM 780910105 322134 26031 SH
SHARED 01 26031
ASIA TIGERS FD INC COM 04516T105 640063 77000 SH
SHARED 01 77000
BOULDER TOTAL RETURN FD INC COM 101541100 2711505 250775 SH
SHARED 01 250775
MORGAN STAN D WITTER ASIA PAC COM 61744U106 2662300 269600 SH
SHARED 01 269600
ROYCE FOCUS TR COM 78080N108 212121 43512 SH
SHARED 01 43512
SINGAPORE FD INC COM 82929L109 131250 15000 SH
SHARED 01 15000
ACCESS ANYTIME BANCORP COM 00431F105 147081 17694 SH
SHARED 01 17694
BANK ONE CORP COM 06423A103 208283 5983 SH
SHARED 01 5983
CHITTENDEN CORP COM 170228100 267187 9375 SH
SHARED 01 9375
CITIGROUP INC COM 172967101 224356 5099 SH
SHARED 01 5099
CITIZENS BKG CORP MICH COM 174420109 430436 16476 SH
SHARED 01 16476
COMERICA INC COM 200340107 413100 8160 SH
SHARED 01 8160
CREDIT ACCEP CORP MICH COM 225310101 90000 15000 SH
SHARED 01 15000
FLEET FINL GROUP INC NEW COM 338915101 227075 6200 SH
SHARED 01 6200
INDEPENDENT BANK CORP MICH COM 453838104 162313 10600 SH
SHARED 01 10600
MEGABANK FINANCIAL CORP COM 58515J104 479000 47900 SH
SHARED 01 47900
NATIONAL CITY BANCORPORATION COM 635312101 213063 12175 SH
SHARED 01 12175
OLD KENT FINL CORP COM 679833103 3894413 104900 SH
SHARED 01 104900
REPUBLIC SECURITY FINL CORP COM 760758102 177121 20388 SH
SHARED 01 20388
TEAM FINANCIAL INC COM 87815X109 718875 71000 SH
SHARED 01 71000
WEBSTER CITY FED SVGS BK IOWA COM 947693107 487013 33300 SH
SHARED 01 33300
MITCHAM INDS INC COM 606501104 78925 15400 SH
SHARED 01 15400
PETROLEUM DEV CORP COM 716578109 66150 14700 SH
SHARED 01 14700
DEVON ENERGY CORP NEW COM 25179M103 217547 5250 SH
SHARED 01 5250
EXXON CORP COM 302290101 369056 4856 SH
SHARED 01 4856
MOBIL CORP COM 607059102 359476 3568 SH
SHARED 01 3568
RANGE RES CORP COM 75281A109 82950 16800 SH
SHARED 01 16800
SEMPRA ENERGY COM 816851109 353292 16975 SH
SHARED 01 16975
ANGLO AMER PLC ADR 03485P102 1287081 23035 SH
SHARED 01 23035
PETROLEUM & RES CORP COM 716549100 1111030 32861 SH
SHARED 01 32861
AMERITECH CORP NEW COM 030954101 362653 5433 SH
SHARED 01 5433
AT&T CORP COM 001957109 660852 15192 SH
SHARED 01 15192
CBS CORP COM 12490K107 286750 6200 SH
SHARED 01 6200
HECTOR COMMUNICATIONS CORP COM 422730101 479845 35218 SH
SHARED 01 35218
LUCENT TECHNOLOGIES INC COM 549463107 231734 3572 SH
SHARED 01 3572
MOTOROLA INC COM 620076109 515680 5860 SH
SHARED 01 5860
SBC COMMUNICATIONS INC COM 78387G103 214146 4194 SH
SHARED 01 4194
TELECOM ITALIA SPA SPON ADR SVGS 87927W205 387500 7750 SH
SHARED 01 7750
ERICSSON L M TEL CO ADR CL B SEK10 294821400 262500 8400 SH
SHARED 01 8400
VODAFONE AIRTOUCH PLC SPONSORED ADR 92857T107 623618 2623 SH
SHARED 01 2623
3COM CORP COM 885535104 291813 10150 SH
SHARED 01 10150
ACCLAIM ENTMT INC COM PAR $0.02 004325205 204273 26900 SH
SHARED 01 26900
AMERICA ONLINE INC DEL COM 02364J104 208224 2001 SH
SHARED 01 2001
APPLE COMPUTER INC COM 037833100 528596 8349 SH
SHARED 01 8349
AURA SYS INC COM 051526101 24216 193725 SH
SHARED 01 193725
COMPAQ COMPUTER CORP COM 204493100 1792485 78360 SH
SHARED 01 78360
COMPOSITECH LTD COM 204938104 78316 71600 SH
SHARED 01 71600
COMPUWARE CORP COM 205638109 273630 10500 SH
SHARED 01 10500
DELL COMPUTER CORP COM 247025109 298123 7130 SH
SHARED 01 7130
EPICOR SOFTWARE CORP COM 29426L108 89953 15644 SH
SHARED 01 15644
HEWLETT PACKARD CO COM 428236103 326700 3600 SH
SHARED 01 3600
INTEL CORP COM 458140100 808419 10879 SH
SHARED 01 10879
INTERNATIONAL BUSINESS MACHS COM 459200101 920810 7610 SH
SHARED 01 7610
MICROAGE INC COM 594928103 79244 36750 SH
SHARED 01 36750
NEW HORIZONS WORLDWIDE INC COM 645526104 1639189 103256 SH
SHARED 01 103256
PEOPLESOFT INC COM 712713106 535225 31600 SH
SHARED 01 31600
SMART MODULAR TECH INC COM 831690102 321891 9450 SH
SHARED 01 9450
WESTERN DIGITAL CORP COM 958102105 73843 20025 SH
SHARED 01 20025
BARRINGER TECHNOLOGIES INC COM NEW 068509603 79228 15650 SH
SHARED 01 15650
CABLETRON SYS INC COM 126920107 456506 29100 SH
SHARED 01 29100
INACOM CORP COM 45323G109 186653 20316 SH
SHARED 01 20316
MODIS PROFESSIONAL SVCS INC COM 607830106 518406 39125 SH
SHARED 01 39125
PLASMA THERM CORP COM 727900102 175256 35950 SH
SHARED 01 35950
AFLAC INC COM 001055102 358366 8558 SH
SHARED 01 8558
AMERICAN INTL GROUP INC COM 026875107 625504 7195 SH
SHARED 01 7195
CITIZENS FINL CORP KY CL A 174613109 217125 19300 SH
SHARED 01 19300
CONSECO INC COM 208464107 304000 16000 SH
SHARED 01 16000
FINANCIAL INDS CORP COM 317574101 102375 10500 SH
SHARED 01 10500
LIBERTY FINL COS INC COM 530512102 482625 22000 SH
SHARED 01 22000
FRANKLIN COVEY CO COM 353469109 617691 80350 SH
SHARED 01 80350
INTEGRITY INCORPORATED CL A 45813H104 593898 179290 SH
SHARED 01 179290
BORDERS GROUP INC COM 099709107 497539 33875 SH
SHARED 01 33875
MATTEL INC COM 577081102 1285730 67670 SH
SHARED 01 67670
VENATOR GROUP INC COM 922944103 596378 69650 SH
SHARED 01 69650
GUANGSHEN RY INC SPONSORED ADR 40065W107 136250 21800 SH
SHARED 01 21800
NBTY INC COM 628782104 1388513 182100 SH
SHARED 01 182100
HAUSER INC COM PAR $0.001 419141403 83192 22561 SH
SHARED 01 22561
ABBOTT LABS COM 002824100 228175 6219 SH
SHARED 01 6219
BERGEN BRUNSWIG CORP CL A 083739102 338083 32602 SH
SHARED 01 32602
BRISTOL MYERS SQUIBB CO COM 110122108 971190 14388 SH
SHARED 01 14388
CARDINAL HEALTH INC COM 14149Y108 474150 8700 SH
SHARED 01 8700
INVESCO GLOBAL HEALTH SCIENCES COM 46128N109 605359 38743 SH
SHARED 01 38743
JOHNSON & JOHNSON COM 478160104 402596 4382 SH
SHARED 01 4382
MERCK & CO INC COM 589331107 932652 14390 SH
SHARED 01 14390
PFIZER INC COM 717081103 205923 5740 SH
SHARED 01 5740
SCHERING PLOUGH CORP COM 806605101 510413 11700 SH
SHARED 01 11700
TENET HEALTHCARE CORP COM 88033G100 281000 16000 SH
SHARED 01 16000
TRANSCEND SERVICES INC COM 893929109 11283 12035 SH
SHARED 01 12035
AKSYS LTD COM 010196103 73700 13400 SH
SHARED 01 13400
THERAGENICS CORP COM 883375107 585735 45940 SH
SHARED 01 45940
PRIME MED SVCS INC NEW COM 74156D108 439375 46250 SH
SHARED 01 46250
DIEDRICH COFFEE INC COM 253675102 91452 21518 SH
SHARED 01 21518
GARDENBURGER INC COM 365476100 182513 23550 SH
SHARED 01 23550
HANSEN NAT CORP COM 411310105 689006 136100 SH
SHARED 01 136100
PEPSICO INC COM 713448108 344650 11300 SH
SHARED 01 11300
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 254391 12150 SH
SHARED 01 12150
HRPT PPTYS TR COM SH BEN INT 40426W101 938588 83430 SH
SHARED 01 83430
AUTONATION INC COM 05329W102 180313 14425 SH
SHARED 01 14425
MASCOTECH INC COM 574670105 455525 27400 SH
SHARED 01 27400
PERCEPTRON INC COM 71361F100 81225 22800 SH
SHARED 01 22800
THERMO ELECTRON CORP COM 883556102 134711 10025 SH
SHARED 01 10025
TYCO INTL LTD NEW COM 902124106 1741408 16866 SH
SHARED 01 16866
HAWAIIAN ELEC INDUSTRIES COM 419870100 1665073 47320 SH
SHARED 01 47320
IDACORP INC COM 451107106 1092031 36250 SH
SHARED 01 36250
NEW CENTURY ENERGIES INC COM 64352U103 707705 21165 SH
SHARED 01 21165
PACIFICORP COM 695114108 739594 36750 SH
SHARED 01 36750
ST JOSEPH LT & PWR CO COM 790654107 767250 37200 SH
SHARED 01 37200
USEC INC COM 90333E108 795144 77575 SH
SHARED 01 77575
WPS RESOURCES CORP COM 92931B106 1173069 41802 SH
SHARED 01 41802
SEALED AIR CORP NEW COM 81211K100 461813 9000 SH
SHARED 01 9000
GENERAL ELEC CO COM 369604103 839067 7077 SH
SHARED 01 7077
OFFICEMAX INC COM 67622M108 189488 32600 SH
SHARED 01 32600
OMNICOM GROUP INC COM 681919106 1341911 16946 SH
SHARED 01 16946
</TABLE>
