CATALYST INVESTMENT MANAGEMENT CO LLC
13F-HR, 1999-11-22
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<PAGE>   1
CIMCO
FORM 13F
September 30, 1999

<TABLE>
<CAPTION>
                                                         Title
                                                         of
Security                                                 Class   CUSIP         Market Value    Quantity
COMMON  STOCK

<S>                                                      <C>     <C>           <C>              <C>
ADVANCED RADIO TELECOM CORP                              COM     00754U101           213173.12      16885
ALLMERICA FINANCIAL CORP                                 COM     019754100           240744.37       5055
ALZA CORP                                                COM     022615108           434118.75      10140
AMFM INCORPORATED                                        COM     158915108           384243.75       6325
ASSOCIATED GROUP CL B                                    COM     045651205           374579.06       6185
AT&T                                                     COM     001957109              219675       5050
BURLINGTON RESOURCES INC.                                COM     122014103            434017.5      11810
CABLEVISION SYSTEMS INC                                  COM     12686C109           434681.25       5975
CENTOCOR INC.                                            COM     152342101           279635.94       4775
CENTURY COMMUNICATIONS CORP                              COM     156503104              326250       7250
CUNO INC                                                 COM     126583103           364010.62      18315
DATA GEN CORP                                            COM     237688106           532354.69      25275
ENRON CORP                                               COM     293561106              263258      11800
EOG RESOURCES INC                                        COM     293562104           215156.25      10125
EXCEL SWITCHING CORP                                     COM     30067V108           302246.87       8425
FEDERAL MOGUL CORP                                       COM     313549107           478118.75      16850
GLOBAL TELESYSTEMS GROUP INC                             COM     37936U104           386191.72      19585
HAMBRECHT & QUIST GROUP                                  COM     406545103              492375      10100
HANNAFORD BROS CO                                        COM     410550107           439177.81       6235
INTERNATIONAL NETWORK SERVICES                           COM     460053101            275137.5       5060
INTERVU INC                                              COM     46114R106           360483.75       9710
INTL SPECIALTY PRODUCTS                                  COM     460337108           167446.87      16850
IXC COMMUNICATIONS INC                                   COM     450713102           457435.56      11599
J.C. PENNY INC                                           COM     708160106            232357.5       6735
KNOLL INC                                                COM     498904101          1297793.75      48290
MARINE DRILLING CO INC                                   COM     568240204           159706.25      10100
MASOTECH INC                                             COM     574670105           452948.12      27245
MONTANA POWER CO                                         COM     612085100           667342.19      21925
OLSTEN GROUP                                             COM     681385100           222057.81      21275
OWENS CORNING                                            COM     69073F103           402194.69      18545
PERFORMANCE SYSTEMS INTERNATIONAL                        COM     74437C101           242429.37       6740
PIONEER HI BRED INTL                                     COM     723686101           378023.44       9525
SNYDER COMMUNICATIONS INC                                COM     832914105           153621.56      10115
SOUTHERN CO.                                             COM     842587107            433887.5      16850
STONERIDGE INC                                           COM     86183P102           397453.12      22875
TCI SATELLITE ENT                                        COM     872298104              223900      55975
TV GUIDE INC                                             COM     87307Q109            388902.5       9940
U.S. WEST MEDIA GROUP                                    COM     58440J104           637014.06       9325
UCU 9.75 PFD PEPS                                        COM     918005877              295000      11800
UNION PACIFIC RESOURCES                                  COM     907834105           246593.75      15175
</TABLE>

<PAGE>   2

<TABLE>

<S>                                                      <C>     <C>           <C>              <C>
UNIT CORP                                                COM     909218109           335207.81      44325
UNITED RENTALS INC                                       COM     911363109            475672.5      21870
US WEST INC.                                             COM     91273H101           400578.75       7020
WHX CORP PFD B                                           COM     929248300              226950       6800

GRAND TOTAL                                                                        16344146.84
</TABLE>

<PAGE>   3

Investment
Discretion                Voting Authority

<TABLE>
<CAPTION>
Sole           Share   Sole                 Share


<S>            <C>                           <C>
               2                             16885
               2                              5055
               2                             10140
               2                              6325
               2                              6185
               2                              5050
               2                             11810
               2                              5975
               2                              4775
               2                              7250
               2                             18315
               2                             25275
               2                             11800
               2                             10125
               2                              8425
               2                             16850
               2                             19585
               2                             10100
               2                              6235
               2                              5060
               2                              9710
               2                             16850
               2                             11599
               2                              6735
               2                             48290
               2                             10100
               2                             27245
               2                             21925
               2                             21275
               2                             18545
               2                              6740
               2                              9525
               2                             10115
               2                             16850
               2                             22875
               2                             55975
               2                              9940
               2                              9325
               2                             11800
               2                             15175
</TABLE>

<PAGE>   4

<TABLE>
<S>            <C>                          <C>
               2                             44325
               2                             21870
               2                              7020
               2                              6800
</TABLE>


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