UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 03/31/99
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 05/13/99
______________________ _________________________ ________________
[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).)
PAGE
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 27
Form 13F Information Table Value Total: $122,443
(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
<PAGE>
<TABLE>
<CAPTION>
Form 13F INFORMATION TABLE
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8
- -------- -------- ---------- --------- ----------------------- -------- -------- -------------------------
Voting
Authority
Title Value Shrs or Put/ Investment Other -------------------------
Name of Issuer of Class CUSIP (x$1000) prn amt SH/PRN Call discretion managers Sole Shared None
- -------------- -------- ----------- -------- --------- ------ ---- ---------- -------- ----------- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Alaris Med Inc COM 011637 10 5 $2,079 658,600 SH Sole 658,600
Argosy Gaming Co COM 040228 10 8 $91 17,200 SH Sole 17,200
Cabletel Communications Corp COM 126925 10 6 $72 33,000 SH Sole 33,000
Film Roman Inc COM 317234 10 2 $158 35,000 SH Sole 35,000
Hollywood Pk Inc New COM 436255 10 3 $567 55,000 SH Sole 55,000
LCA-Vision Inc COM NEW 501803 20 9 $800 200,000 SH Sole 200,000
Draxis Health Inc COM 26150J 10 1 $908 492,600 SH Sole 492,600
Medaphis Corp COM 584028 10 4 $246 101,000 SH Sole 101,000
Monro Muffler Brake Inc COM 610236 10 1 $72 10,100 SH Sole 10,100
North Pittsburgh Sys Inc COM 661562 10 8 $1,032 75,070 SH Sole 75,070
Park Pl Entmt Corp COM 700690 10 0 $11,582 1,531,400 SH Sole 1,531,400
Sound Advice Inc COM 836066 10 0 $54 21,000 SH Sole 21,000
3DFX Interactive Inc COM 88553X 10 3 $250 20,000 SH Sole 20,000
Niagara Corp COM 653349 10 0 $2,069 331,100 SH Sole 331,100
NTL Inc COM 629407 10 7 $9,208 113,154 SH Sole 113,154
Triathlon Broadcasting Co CL A 89589P 10 6 $825 65,700 SH Sole 65,700
Pioneer Cos Inc CL A 723643 10 2 $107 25,200 SH Sole 25,200
Alpine Group Inc COM 020825 10 5 $562 55,500 SH Sole 55,500
Associated Group Inc CL A 045651 10 6 $21,347 430,700 SH Sole 430,700
Associated Group Inc CL B 045651 20 5 $39,101 806,200 SH Sole 806,200
Cellular Communications P R COM 15116N 10 8 $5,616 208,000 SH Sole 208,000
Good Guys Inc COM 382091 10 6 $338 87,300 SH Sole 87,300
Mariner Post-Acute Network Inc COM 568459 10 1 $709 324,196 SH Sole 324,196
Pricesmart Inc COM 741511 10 9 $9,547 495,950 SH Sole 495,950
Penwest Pharmaceuticals Co COM 709754 10 5 $2,538 247,600 SH Sole 247,600
Sun Int'l Hotel Ltd ORD P8797T 13 3 $3,168 96,360 SH Sole 96,360
Saga Communications CL A 786598 10 2 $9,397 525,718 SH Sole 525,718
--------
TOTAL $122,443
</TABLE>
