UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calender Year or Quarter End: December 31, 1999
Check here if Amendment { }; Amendment Number:
This Amendment (Check only one): { } is a restatement
{ } adds new holding 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 H. Sutherland
Title: President
Phone: 231-271-3915
Signature, Place, and Date of Signing:
Paul Howard Sutherland, Suttons Bay, MI, February 1, 2000
Report Type ( Check only one):
[x] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager: None
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:93
FORM 13F INFORMATION TABLE VALUE TOTAL:$72,277,524
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>
LINCOLN NATL CONV SECS FD INC COM 534183108 4533200 283325 SH
SH
ARED 01 283325
BOULDER TOTAL RETURN FD INC COM 101541100 3448508 355975 SH
SHARE
D 01 355975
MORGAN STAN D WITTER ASIA PAC COM 61744U106 3318722 280950 SH
SH
ARED 01 280950
AMERICAN INSD MTG-INVS LP86 DEPOSITARY UNIT 02686F103 2987385 605040
SH
SHARED 01 605040
NATIONS BALANCED TARGET MAT FD COM 63857K107 2660319 317650 SH
SH
ARED 01 317650
CASTLE CONV FD INC COM 148443104 2529378 115960 SH SHARED
01 115960
AMERICAN INSD MTG-INVS LP85 DEPOSITARY UNIT 02686E106 2504360 299028
SH
SHARED 01 299028
TEMPLETON GLOBAL INCOME FD COM 880198106 2498931 425350 SH
SHARE
D 01 425350
AMERICAN INSD MTG INVS DEP UNIT PRTNR 026862102 2180172 917967 SH
SH
ARED 01 917967
NBTY INC COM 628782104 2072000 179200 SH SHARED
01
179200
ALL AMERN TERM TR INC COM 016440109 1936659 163950 SH
SHARE
D 01 163950
COMPAQ COMPUTER CORP COM 204493100 1871237 69145 SH
SHARE
D 01 69145
PETROLEUM & RES CORP COM 716549100 1597407 49532 SH
SHARE
D 01 49532
ANGLO AMER PLC ADR 03485P102 1449357 22255 SH
SHARE
D 01 22255
TEMPLETON GLOBAL GVT INC FD SH BEN INT 879929107 1429450 248600 SH
SH
ARED 01 248600
NEW HORIZONS WORLDWIDE INC COM 645526104 1388853 116956 SH
SHARE
D 01 116956
HANCOCK JOHN PATRIOT GLOBL DEV COM 41013G103 1368394 143100 SH
SH
ARED 01 143100
HAWAIIAN ELEC INDUSTRIES COM 419870100 1309626 45355 SH
SHARE
D 01 45355
AMERICAN INSD MTG-INVS LP88 DEPOSITORY UNIT 02686G101 1238216 194230
SH
SHARED 01 194230
HRPT PPTYS TR COM SH BEN INT 40426W101 1031670 114630 SH
SHARE
D 01 114630
ASIA TIGERS FD INC COM 04516T105 993738 96950 SH SHARED
01 96950
IDACORP INC COM 451107106 990052 36925 SH SHARED
01 36925
MATTEL INC COM 577081102 938543 71508 SH SHARED
01 71508
BORDERS GROUP INC COM 099709107 893344 54975 SH SHARED
01 54975
PEOPLESOFT INC COM 712713106 883403 41450 SH
SHARE
D 01 41450
WPS RESOURCES CORP COM 92931B106 865431 34445 SH SHARED
01 34445
ST JOSEPH LT & PWR CO COM 790654107 809750 39500 SH
SHARE
D 01 39500
TEAM FINANCIAL INC COM 87815X109 808650 89850 SH SHARED
01 89850
BLACKROCK INSD MUN 2008 TRM TR COM 09247K109 757625 55100 SH
SH
ARED 01 55100
HYPERION 2002 TERM TR INC COM 448915108 722313 88900 SH
SHARE
D 01 88900
INTEGRITY INCORPORATED CL A 45813H104 715516 228965 SH
SHARE
D 01 228965
BANKATLANTIC BANCORP SBDB CV 6.75%06 065908AB1 681870 11460
SH
SHARED 01 11460
NATROL INC COM 638789107 677600 96800 SH SHARED
01 96800
LIBERTY FINL COS INC COM 530512102 661173 28825 SH
SHARE
D 01 28825
CABLETRON SYS INC COM 126920107 635128 24428 SH SHARED
01 24428
VAN KAMPEN SENIOR INCOME TR COM 920961109 624813 76900 SH
SHARE
D 01 76900
SOTTISH PWR PLC SPON ADR FINAL 81013T705 610876 21817 SH
SH
ARED 01 21817
3COM CORP COM 885535104 618802 13166 SH SHARED
01 13166
HANSEN NAT CORP COM 411310105 581334 134802 SH
SHARE
D 01 134802
WEBSTER CITY FED SVGS BK IOWA COM 947693107 574888 40700 SH
SH
ARED 01 40700
SMITH BARNEY INTER QUALITY MUN COM 831802103 569500 68000 SH
SH
ARED 01 68000
FRANKLIN COVEY CO COM 353469109 558069 76975 SH SHARED
01 76975
INFORMIX CORP COM 456779107 517547 45250 SH SHARED
01 45250
INSURED MUN INCOME FD COM 45809F104 504322 43617 SH
SHARE
D 01 43617
USEC INC COM 90333E108 501550 71650 SH SHARED
01
71650
NEW CENTURY ENERGIES INC COM 64352U103 488734 16090 SH
SHARE
D 01 16090
PILGRIM PRIME RATE TR NEW SH BEN INT 72146W103 474400 59300 SH
SH
ARED 01 59300
TELECOM ITALIA SPA SPON ADR SVGS 87927W205 473413 7825 SH
SHARE
D 01 7825
SAGA SYS INC COM 786610105 470027 23575 SH SHARED
01 23575
DURA PHARMACEUTICALS INC SUB NTCV 3.5%02 26632SAA7 468636 5880
SH
SHARED 01 5880
VENATOR GROUP INC COM 922944103 455000 65000 SH SHARED
01 65000
SOLECTRON CORP COM 834182107 441570 4642 SH
SHARE
D 01 4642
HECTOR COMMUNICATIONS CORP COM 422730101 439180 31370 SH
SHARE
D 01 31370
ARDENT SOFTWARE INC COM 039794102 432900 11100 SH
SHARE
D 01 11100
COMPUTER HORIZONS CORP COM 205908106 425731 26300 SH
SHARE
D 01 26300
MICRON ELECTRONICS INC COM 595100108 418011 37574 SH
SHARE
D 01 37574
SINGAPORE FD INC COM 82929L109 408719 45100 SH SHARED
01 45100
THERAGENICS CORP COM 883375107 371019 40940 SH SHARED
01 40940
SEMPRA ENERGY COM 816851109 340550 19600 SH SHARED
01 19600
BLACKROCK STRATEGIC TERM TR COM 09247P108 324300 36800 SH
SHARE
D 01 36800
BERGEN BRUNSWIG CORP CL A 083739102 300132 36106 SH
SHARE
D 01 36106
PHYCOR INC SUB DBCV 4.5%03 71940FAB6 275600 5300 SH
SH
ARED 01 5300
EPICOR SOFTWARE CORP COM 29426L108 260648 51486 SH
SHARE
D 01 51486
NUVEEN SELECT MAT MUN FD SH BEN INT 67061T101 246050 25900 SH
SH
ARED 01 25900
MUNIINSURED FD INC COM 626245104 238000 32000 SH SHARED
01 32000
SMITH BARNEY MUN FD INC COM 831902101 225119 18100 SH
SHARE
D 01 18100
BLACKROCK MUN TARGET TERM TR COM 09247M105 224706 22900 SH
SHARE
D 01 22900
MORGAN STANLEY DEAN WITTER QULTY MUN SECS 61745P585 218500 19000 SH
SH
ARED 01 19000
APPLE COMPUTER INC COM 037833100 211074 2053 SH SHARED
01 2053
MUNIVEST MICH INSD FD INC COM 62629J109 205325 19100 SH
SHARE
D 01 19100
BLACKROCK TARGET TERM TR INC COM 092476100 184800 19200 SH
SHARE
D 01 19200
SELIGMAN SELECT MUN FD INC COM 816344105 143894 16100 SH
SHARE
D 01 16100
READ-RITE CORP SUB NT CV6.5%04 755246AA3 137280 3120
SH
SHARED 01 3120
JOHN HANCOCK BK &THRIFT OPP FD SH BEN INT 409735107 129094 15300
SH
SHARED 01 15300
BLACKROCK 2001 TERM TR INC COM 092477108 118969 13500 SH
SHARE
D 01 13500
BLACKROCK NORTH AMER GV INC COM 092475102 115888 12700 SH
SHARE
D 01 12700
MUNIYIELD MICH INSD FD INC COM 62630J106 114400 10400 SH
SHARE
D 01 10400
MUNIHOLDINGS MICH INSD FD INC COM 62625C108 111150 10400 SH
SH
ARED 01 10400
AMERICAN MUN TERM TR INC III COM 027654102 100369 10100 SH
SHARE
D 01 10100
SARATOGA BEVERAGE GROUP INC CL A 803436104 98656 20500 SH
SHARE
D 01 20500
NUVEEN NY MUN VALUE FD COM 67062M105 93750 12000 SH
SHARE
D 01 12000
ROYCE FOCUS TR COM 78080N108 93253 19762 SH
SHARE
D 01 19762
COMPOSITECH LTD COM 204938104 93006 64700 SH
SHARE
D 01 64700
BARRINGER TECHNOLOGIES INC COM NEW 068509603 92794 15150 SH
SH
ARED 01 15150
PUTNAM PREMIER INOME TR SH BEN INT 746853100 90938 15000 SH
SH
ARED 01 15000
ACCESS ANYTIME BANCORP COM 00431F105 84090 10594 SH
SHARE
D 01 10594
BANC STOCK GROUP INC CL A 05943C102 52020 17340 SH
SH
ARED 01 17340
MICROAGE INC COM 594928103 49875 14250 SH SHARED
01 14250
MITCHAM INDS INC COM 606501104 48813 14200 SH SHARED
01 14200
AURA SYS INC COM 051526101 48791 139404 SH SHARED
01 139404
PETROLEUM DEV CORP COM 716578109 43844 11500 SH SHARED
01 11500
PHYCOR INC COM 71940F100 41719 22250 SH SHARED
01 22250
XCL LTD DEL COM 983701103 2500 10000 SH SHARED
01
10000
AMERICA ONLINE INC DEL COM 02364J104 300617 3962 SH
SHARE
D 01 3962
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