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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F COVER PAGE
Report for the Calendar 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: White Rock Capital Management, L.P.
Address: 3131 Turtle Creek Boulevard , Suite 800
Dallas, Texas 75219
Form 13F File Number: 28-7520
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: Thomas U. Barton
Title: President of White Rock Capital, Inc., the general partner of
the Institutional Investment Manager
Phone: (214) 526-1465
Signature, Place, and Date of Signing:
/S/ THOMAS U. BARTON
______________________________________
[Signature]
Dallas, Texas
______________________________________
[City, State]
May 17, 1999
______________________________________
[Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and
all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
<PAGE>
Form 13F Summary Page
Report Summary:
Number of Other Included Managers:
0
Form 13F Information Table Entry Total:
25
Form 13F Information Table Value Total:
$ 241,064 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file
number(s) of all institutional investment managers with
respect to which this report is filed, other than the manager
filing this report.
NONE
<PAGE>
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
Value Put/ Investment Other Voting
Authority
Name of Issuer Title of CUSIP (x$1000) Shrs or SH/PRN Call Discretion Managers Sole Share None
- -------------- -------- ----- -------- -------- ------ ---- ---------- -------- ---- ----- ----
Class prn amt
----- -------
<S> <C> <C> <C> <C> <C> <C> <C>
AMX Corporation COM 001801109 916 99,000 SH SOLE 99,000
Artra Group, Inc. COM 043147107 2,983 304,000 SH SOLE 304,000
CompUSA Inc. COM 204932107 2,044 292,000 SH SOLE 292,000
Concurrent Computer COM 206710204 18,960 4,740,000 SH SOLE 4,740,000
Customtracks Corp. COM 232046102 20,797 1,386,500 SH SOLE 1,386,500
DepoMed, Inc. COM 249908104 6,056 601,800 SH SOLE 601,800
Eidos Plc. COM 282485101 2,822 87,000 SH SOLE 87,000
Fairfield Communities Inc. COM 304231301 894 100,000 SH SOLE 100,000
Hain Food Group COM 405219106 53,288 3,229,600 SH SOLE 3,229,600
Headway Corporate Resources COM 422101105 5,218 1,192,800 SH SOLE 1,192,800
Horizon Pharmacies, Inc. COM 439902107 5,898 1,072,338 SH SOLE 1,072,338
IGEN International, Inc. COM 449536101 48,396 2,016,500 SH SOLE 2,016,500
Insight Enterprises COM 45765U103 1,237 50,000 SH SOLE 50,000
Irwin Naturals/4Health, Inc. COM 464142108 2,157 627,500 SH SOLE 627,500
Kmart Corporation COM 482584109 8,272 492,000 SH SOLE 492,000
Lancer Corp. - Texas COM 514614106 1,667 187,875 SH SOLE 187,875
National Discount Brokers Grp COM 635646102 11,250 400,000 SH SOLE 400,000
Oak Technology, Inc. COM 671802106 459 150,000 SH SOLE 150,000
Packaged Ice, Inc. COM 695148106 1,164 190,000 SH SOLE 190,000
SUGEN, Inc. COM 865041107 959 50,000 SH SOLE 50,000
SoftNet Systems, Inc. COM 833964109 24,000 655,300 SH SOLE 655,300
Sybase, Inc. COM 871130100 9,573 1,206,100 SH SOLE 1,206,100
Synetic, Inc. COM 87160F109 838 15,000 SH SOLE 15,000
Tyler Corp. COM 902184100 8,036 1,836,900 SH SOLE 1,836,900
WRP Corporation COM 929317105 3,180 553,000 SH SOLE 553,000
</TABLE>
