UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 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: Salus Capital Management, Inc.
Address: Biltmore Tower
500 S. Grand Avenue, Suite 1680
Los Angeles, CA 90071
13F File Number:
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: Bradford J. Ebner
Title: President
Phone: 213-624-2800
Signature, Place, and Date of Signing:
Bradford J. Ebner Los Angeles, CA November 9,1999
Report Type (check only one,):
[ x ] 13F Holdings Report
[ ] 13F Notice
[ ] 13F Combination Report.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
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FORM 13f SUMMARY PAGE
Report Summary:
Number or Other Included Managers: 0
Form 13F Information Table Entry Total: 109
Form 13F Information Table Value Total: $378,218,579
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Form 13F INFORMATION TABLE
Inv.Dscretn Voting Authority
Name of Issuer Title of CUSIP Fair Market Shares/ Sole Sole
Class Value PRN AMT
ABBOTT LABS. Com 00282410 $110,942 2445 X 2445
ALBERTSON'S Com 01310410 $241,313 4680 X 4680
ALCOA, INC. Com 01381710 $3,381,469 54650 X 54650
ALLIEDSIGNAL Com 01951210 $4,013,100 63700 X 63700
ANADARKO PETE Com 03251110 $3,977,591 108050 X 108050
ANHEUSER-BUSCH Com 03522910 $208,202 2935 X 2935
AVERY DENNISON Com 05361110 $6,749,925 111800 X 111800
AVON PRODUCTS Com 05430310 $3,710,175 66850 X 66850
BAUSCH & LOMB Com 07170710 $4,199,850 54900 X 54900
BAXTER INT'L Com 07181310 $4,113,406 67850 X 67850
BELLSOUTH CORP. Com 07986010 $3,871,271 83930 X 83930
BETHLEHEM STEEL Com 08750910 $1,145,207 148970 X 148970
BLACK & DECKER Com 09179710 $3,408,750 54000 X 54000
BOISE CASCADE Com 09738310 $8,369,200 195200 X 195200
BRINKER INT'L Com 10964110 $7,438,255 270482 X 270482
BRSTL-MYERS SQB Com 11012210 $175,812 2496 X 2496
CENDANT CORP Com 15131310 $1,694,325 82650 X 82650
CHASE MANHATTAN Com 16161A10 $138,833 1605 X 1605
CHEVRON CORP. Com 16675110 $180,334 1897 X 1897
CIGNA CORP. Com 12550910 $4,853,170 54530 X 54530
CISCO SYSTEMS Com 17275R10 $199,499 3096 X 3096
CITIGROUP INC Com 17296710 $146,965 3094 X 3094
CLAIRE'S STORES Com 17958410 $3,671,178 142570 X 142570
COASTAL CORP. Com 19044110 $12,213,259 303435 X 303435
COMERICA INC. Com 20034010 $3,403,688 57265 X 57265
CONSECO, INC. Com 20846410 $2,133,060 70080 X 70080
CONSOL. EDISON Com 20911510 $168,873 3732 X 3732
COUNTRYWIDE CDT Com 22237210 $4,735,332 110768 X 110768
CROMPTON & KNWL Com 22711110 $4,139,106 209575 X 209575
CYPRUS AMAX MINECom 23280910 $2,207,438 144750 X 144750
DELTA AIR LINES Com 24736110 $2,915,825 50600 X 50600
DELUXE CORP. Com 24801910 $3,918,122 100950 X 100950
DOW CHEMICAL Com 26054310 $4,204,257 33137 X 33137
DTE CORP Com 23333110 $9,705,102 238162 X 238162
EL PASO NATURAL Com 28390510 $4,319,266 122750 X 122750
FEDERATED DEPT. Com 31410H10 $4,213,825 79600 X 79600
FLEET FIN'L GRP Com 33891510 $4,134,241 93166 X 93166
FLUOR CORP. Com 34386110 $2,543,400 62800 X 62800
FMC CORP. Com 30249130 $4,566,691 66850 X 66850
FORD MOTOR Com 34537010 $3,246,849 57530 X 57530
FREDDIE MAC Com 31340030 $4,440,770 76565 X 76565
G'T LAKES CHEM Com 39056810 $2,694,656 58500 X 58500
GEN'L DYNAMICS Com 36955010 $8,536,505 123942 X 123942
GEN'L ELECTRIC Com 36960410 $330,073 2921 X 2921
GEN'L MILLS Com 37033410 $5,182,580 64480 X 64480
GEN'L PUB UTIL Com 36225X10 $4,919,063 116600 X 116600
GEORGIA-PACIFIC Com 37329810 $333,331 7036 X 7036
GRACE (W. R.) Com 38388F10 $3,634,700 191300 X 191300
GTE CORP. Com 36232010 $48,698 645 X 645
HARRAH'S ENTERTACom 41361910 $2,986,159 135350 X 135350
HAWAIIAN AIRLINECom 41984910 $604,474 214924 X 214924
HEINZ (H.J.) Com 42307410 $5,011,147 99973 X 99973
INGERSOLL-RAND Com 45686610 $6,945,378 107472 X 107472
INT'L BUS MACH Com 45920010 $597,652 4624 X 4624
INTEL CORP. Com 45814010 $349,741 5878 X 5878
INTIMATE BRANDS Com 46115610 $4,584,881 96779 X 96779
JEFFERSON-PILOT Com 47507010 $5,099,747 77050 X 77050
JOHNSON CONTRLS Com 47836610 $2,308,106 33300 X 33300
KEEBLER FOODS COCom 48725610 $6,419,732 210483 X 210483
KIMBERLY-CLARK Com 49436810 $5,671,500 99500 X 99500
KMART CORP. Com 48258410 $4,601,025 278850 X 278850
KNIGHT-RIDDER Com 49904010 $8,337,344 151416 X 151416
LEAR CORPORATIONCom 52186510 $3,900,400 78400 X 78400
LEGGETT & PLATT Com 52466010 $2,478,094 89100 X 89100
LITTON INDS. Com 53802110 $10,655,669 147611 X 147611
LOUISIANA-PACF Com 54634710 $2,265,738 94900 X 94900
LUCENT TECHNOLOGCom 54946310 $369,692 5482 X 5482
MANDALAY RESORT Com 17290910 $2,085,909 98450 X 98450
MARSH MCLENNAN Com 57174810 $8,389,203 110840 X 110840
MASCOTECH Com 57467010 $2,710,932 160055 X 160055
MATTEL, INC. Com 57708110 $2,299,000 88000 X 88000
MAYTAG CORP. Com 57859210 $4,143,372 59350 X 59350
MCCORMICK & COMPCom 57978020 $4,949,442 156814 X 156814
MCDONALD'S CORP Com 58013510 $164,336 3996 X 3996
MERCK & CO. Com 58933110 $174,123 2365 X 2365
MICROSOFT CORP. Com 59491810 $303,932 3370 X 3370
MOBIL CORP. Com 60705910 $217,250 2200 X 2200
MORGAN (J.P.) Com 61688010 $3,681,100 26200 X 26200
NORFOLK STHRN Com 65584410 $4,264,194 141550 X 141550
OMNICOM GROUP Com 68191910 $5,420,000 67750 X 67750
OUTBACK STEAKHOUCom 68989910 $10,173,977 258798 X 258798
PARKER-HANNIFIN Com 70109410 $1,633,275 35700 X 35700
PECO ENERGY Com 69330410 $164,318 3924 X 3924
PENNEY (J.C.) Com 70816010 $1,840,519 37900 X 37900
PHILIP MORRIS Com 71815410 $28,935 720 X 720
PHILLIPS PETRO. Com 71850710 $4,188,516 83250 X 83250
PROCTER&GAMBLE Com 74271810 $209,381 2346 X 2346
QUAKER OATS Com 74740210 $3,345,300 50400 X 50400
ROYAL DUTCH PET Com 78025780 $3,563,788 59150 X 59150
SAFEWAY INC. Com 78651420 $4,316,400 87200 X 87200
SCHERING-PLOUGH Com 80660510 $190,050 3620 X 3620
SEARS, ROEBUCK Com 81238710 $2,912,159 65350 X 65350
SHAW INDS. Com 82028610 $1,963,500 112200 X 112200
SHERWIN-WILLIAM Com 82434810 $3,596,955 129620 X 129620
SHOPKO STORES INCom 82491110 $6,138,315 168173 X 168173
SUNTRUST BANKS Com 86791410 $4,464,831 64300 X 64300
SUPERVALU INC. Com 86853610 $8,175,594 315965 X 315965
TEMPLE-INLAND Com 87986810 $10,207,969 148750 X 148750
TEXACO INC. Com 88169410 $3,548,202 56885 X 56885
TEXAS UTILITIES Com 88284810 $7,560,272 182450 X 182450
TEXTRON, INC. Com 88320310 $3,156,684 38350 X 38350
TIME WARNER Com 88731510 $262,322 3612 X 3612
TOSCO CORP. Com 89149030 $2,124,281 81900 X 81900
UNION PACIFIC Com 90781810 $4,253,897 72950 X 72950
UNION PACIFIC RECom 90783410 $1,676,109 102750 X 102750
UNUMPROVIDENT COCom 90319210 $4,046,025 73900 X 73900
VITECH AMERICA ICom 92848910 $367,374 34988 X 34988
WAL-MART STORES Com 93114210 $320,187 6636 X 6636
WENDY'S INT'L Com 95059010 $2,912,700 102200 X 102200
GRAND TOTAL $378,218,579
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