UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 09/30/99
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: Brian Warner
Address: 767 Third Avenue, 16th Floor
New York, NY 10017
(212) 593-4538
Form 13F File Number: 28-6744
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: ______________________________
Title: ______________________________
Phone: ______________________________
Signature, Place, and Date of Signing:
/s/ Brian Warner New York, NY 11/15/99
______________________ _________________________ ________________
[Signature] [City, State] [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).)
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 44
Form 13F Information Table Value Total: $163,905,212
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
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Form 13F INFORMATION TABLE
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8
- -------- -------- ---------- --------- --------------------- -------- -------- ------------------
Invest- Voting
ment Authority
Title Value Shrs or Put/ Dis- Other ------------------
Name of Issuer of Class CUSIP (x$1000) prn amt SH/PRN Call cretion Managers Sole Shared None
- -------------- -------- ----------- -------- --------- ------ ---- ------- -------- ------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Acrodyne Communications Inc COM 00500E 10 4 $93,750 50,000 50,000
Draxis Health Inc COM 26150J 10 1 $790,900 550,000 550,000
Film Roman Inc COM 317234 10 2 $78,750 35,000 35,000
Alaris Med Inc COM 011637 10 5 $1,975,800 658,600 658,600
Amsouth Corporation COM 032165 10 2 $468,760 20,000 20,000
Monro Muffler Brake Inc COM 610236 10 1 $67,548 10,100 10,100
North Pittsburgh Sys Inc COM 661562 10 8 $2,244,202 122,970 122,970
Opti Inc COM 683960 10 8 $875,812 124,000 124,000
Pagemart Wireless Inc CL A 69553J 10 4 $2,432,400 405,400 405,400
Park Pl Entmt Corp COM 700690 10 0 $8,850,000 708,000 708,000
Pennsylvania Enterprises Inc COM 708720 10 7 $4,375,886 134,900 134,900
Sound Advice Inc COM 836066 10 0 $152,250 21,000 21,000
Seagram Ltd COM 811850 10 6 $2,047,500 45,000 45,000
TV Azteca S A De C V SPONSORED
ADR 901145 10 2 $625,000 125,000 125,000
Niagara Corp COM 653349 10 0 $1,489,950 331,100 331,100
NTL Inc COM 629407 10 7 $1,441,410 15,000 15,000
Pioneer Cos Inc CL A 723643 10 2 $933,095 153,900 153,900
Selfcare Inc COM 81631R 10 7 $55,000 20,000 20,000
Corecomm Ltd ORD G2422R 10 9 $329,380 10,000 10,000
Associated Group Inc CL A 045651 10 6 $15,984,100 264,200 264,200
Associated Group Inc CL B 045651 20 5 $39,474,963 651,800 651,800
Avatar Hldgs Inc COM 053494 10 0 $4,225,600 222,400 222,400
Avatar Hldgs Inc SUB NT
CONV 7%05 053494 AD 2 $199,375 220,000 220,000
Cole National Corp New CL A 193290 10 3 $207,576 27,000 27,000
Crestline Cap Corp COM 226153 10 4 $23,084,023 1,122,600 1,122,600
Chase Ind Inc COM 161568 10 0 $161,840 18,900 18,900
HRPT Pptrys Tr COM SH
BEN INT 40426W 10 1 $2,906,250 250,000 250,000
Intimate Brands Inc CL A 461156 10 1 $389,380 10,000 10,000
Isle of Capri Casinos Inc COM 464592 10 4 $1,147,750 114,775 114,775
Microcell Telecommunications CL B
NON VTG 59501T 30 4 $260,000 20,000 20,000
Paxson Communications Corp COM 704231 10 9 $245,000 20,000 20,000
Wind River Systems Inc COM 973149 10 7 $285,000 15,000 15,000
Mariner Post-Acute Network Inc COM 568459 10 1 $32,482 86,620 86,620
Central European Media Entrprs CL A G20045 10 3 $15,630 10,000 10,000
Pricesmart Inc COM 741511 10 9 $18,118,794 495,550 495,550
Sprint Corp PCS COM
SER 1 852061 50 6 $745,630 10,000 10,000
Penwest Pharmaceuticals Co COM 709754 10 5 $1,862,925 252,600 252,600
Pepsi Bottling Group Inc COM 713409 10 0 $170,630 10,000 10,000
R H Donnelley Corp COM NEW 74955W 30 7 $8,427,812 452,500 452,500
Sinclair Broadcast Group Inc CL A 829226 10 9 $226,575 25,000 25,000
Sun Intl Hotels Ltd ORD P8797T 13 3 $2,300,595 96,360 96,360
Associated Group Inc PUT 045651 95 6 $675,000 180,000 Put 180,000
Associated Group Inc PUT 045651 95 5 $1,195,625 290,000 Put 290,000
Saga Communications CL A 786598 10 2 $12,235,264 531,968 531,968
------------
TOTAL $163,905,212
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