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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: September 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: 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]
November 11, 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:
20
Form 13F Information Table Value Total:
$262,437 (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 Shared None
- -------------- -------- ----- -------- -------- ------ ---- ---------- -------- ---- ------ ----
Class prn amt
----- -------
<S> <C> <C> <C> <C> <C> <C> <C>
Acacia Research Corp. COM 003881109 2,428 150,000 SH SOLE 150,000
Aironet Wireless Communication COM 00943A107 3,675 175,000 SH SOLE 175,000
C-COR.net Corp. COM 125010108 1,701 56,000 SH SOLE 56,000
Concurrent Computer COM 206710204 23,319 3,423,000 SH SOLE 3,423,000
Corel Corp. COM 21868Q109 741 100,000 SH SOLE 100,000
Customtracks Corp. COM 232046102 44,363 1,497,500 SH SOLE 1,497,500
Diversinet Corp. COM 25536K204 7,131 700,000 SH SOLE 700,000
First Sierra Financial, Inc. COM 335944104 6,412 600,000 SH SOLE 600,000
Hain Food Group COM 405219106 82,618 3,338,100 SH SOLE 3,338,100
Headway Corporate Resources COM 422101105 5,073 1,127,400 SH SOLE 1,127,400
IGEN International, Inc. COM 449536101 50,286 2,016,500 SH SOLE 2,016,500
InterCept Group, Inc. COM 45845L107 1,942 105,000 SH SOLE 105,000
Pegasus Systems, Inc. COM 705906105 14,257 380,200 SH SOLE 380,200
PictureTel Corporation COM 720035302 2,839 668,000 SH SOLE 668,000
SoftNet Systems, Inc. COM 833964109 3,912 160,500 SH SOLE 160,500
Tyler Technologies, Inc. COM 902252105 4,437 1,000,000 SH SOLE 1,000,000
WRP Corporation COM 929317105 1,935 553,000 SH SOLE 553,000
WebFinancial Corp. COM 94767P100 1,529 218,500 SH SOLE 218,500
WebFinancial Corp.-Warrants COM 94767P118 59 100,000 SH SOLE 100,000
ZipLink, Inc. COM 989741103 3,780 360,000 SH SOLE 360,000
</TABLE>
