UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 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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File 13F Summary Page
Report Summary:
Number or Other Included Managers: 0
Form 13F Information Table Value Total: $339,027,822
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Form 13F INFORMATION TABLE
Inv. Dscretn Voting Authority
Name of Issuer Title of CUSIP Fair Market Shares/ Sole Sole
Class Number Value PRN AMT
ABBOTT LABS. Com 00282410 $3,009,108 64280 X 64280
AIRBORNE FR'GHT Com 00926610 $1,658,500 53500 X 53500
ALBERTSON'S Com 01310410 $8,616,640 158285 X 158285
ALCAN ALUMINIUM Com 01371610 $1,673,837 64846 X 64846
AMER. TEL & TEL Com 00195710 $7,323,356 91757 X 91757
ANHEUSER-BUSCH Com 03522910 $9,560,843 125594 X 125594
BECKMAN INSTRUM Com 07581110 $6,050,258 136729 X 136729
BETHLEHEM STEEL Com 08750910 $853,463 103450 X 103450
BOISE CASCADE Com 09738310 $2,892,825 89700 X 89700
BRINKER INT'L Com 10964110 $4,541,189 175082 X 175082
BRSTL-MYERS SQB Com 11012210 $155,567 2426 X 2426
BURLINGTON INDUSTRCom 12169310 $450,122 67943 X 67943
BURLINGTON NRTH Com 12189T10 $3,002,540 91332 X 91332
CANADN PACIFIC Com 13592310 $3,419,525 174800 X 174800
CBS INC. Com 12490K10 $4,902,520 120123 X 120123
CHASE MANHATTAN Com 16161A10 $5,078,207 62405 X 62405
CHEVRON CORP. Com 16675110 $3,562,159 40137 X 40137
CHUBB CORP. Com 17123210 $3,670,698 62680 X 62680
CIGNA CORP. Com 12550910 $4,716,968 56280 X 56280
CISCO SYSTEMS Com 17275R10 $61,684 563 X 563
CITIGROUP INC Com 17296710 $131,838 2064 X 2064
CLAIRE'S STORES Com 17958410 $2,131,946 70770 X 70770
COASTAL CORP. Com 19044110 $9,109,155 276035 X 276035
COMPAQ COMPUTER Com 20449310 $150,896 4762 X 4762
CONAGRA, INC. Com 20588710 $4,124,139 160942 X 160942
CONSECO, INC. Com 20846410 $2,009,067 65071 X 65071
CONSOL. EDISON Com 20911510 $169,106 3732 X 3732
COUNTRYWIDE CDT Com 22237210 $3,141,300 83768 X 83768
CROMPTON & KNWL Com 22711110 $2,086,481 132475 X 132475
DOW CHEMICAL Com 26054310 $8,112,904 87060 X 87060
DTE CORP Com 23333110 $8,151,133 212062 X 212062
EL PASO NATURAL GACom 28390510 $2,178,622 66650 X 66650
EXXON CORP. Com 30229010 $99,281 1407 X 1407
FEDERATED DEPT. Com 31410H10 $2,824,800 70400 X 70400
FEDL NAT'L MTGE Com 31358610 $4,802,141 69345 X 69345
FLEET FIN'L GRP Com 33891510 $3,065,158 81466 X 81466
FORD MOTOR Com 34537010 $99,770 1760 X 1760
GANNETT CO. Com 36473010 $4,418,505 70135 X 70135
GEN'L DYNAMICS Com 36955010 $6,307,551 98172 X 98172
GEN'L ELECTRIC Com 36960410 $317,604 2871 X 2871
GEN'L HOST Com 37006410 $0 1 X 1
GEN'L MILLS Com 37033410 $7,354,498 97330 X 97330
GEN'L MOTORS Com 37044210 $4,084,650 46950 X 46950
GEORGIA-PACIFIC Com 37329810 $9,176,261 123586 X 123586
GOODYEAR TIRE Com 38255010 $4,219,119 84700 X 84700
GTE CORP. Com 36232010 $45,194 747 X 747
HARRAH'S ENTERTAINCom 41361910 $1,685,125 88400 X 88400
HAWAIIAN AIRLINES Com 41984910 $801,208 298124 X 298124
HEINZ (H.J.) Com 42307410 $5,018,102 105923 X 105923
INGERSOLL-RAND Com 45686610 $4,107,561 82772 X 82772
INT'L BUS MACH Com 45920010 $409,802 2312 X 2312
INTEL CORP. Com 45814010 $343,430 2889 X 2889
INTIMATE BRANDS INCom 46115610 $4,031,431 83770 X 83770
KEEBLER FOODS CO. Com 48725610 $5,901,430 161683 X 161683
KMART CORP. Com 48258410 $3,456,650 205600 X 205600
KNIGHT-RIDDER Com 49904010 $6,005,800 120116 X 120116
LITTON INDS. Com 53802110 $11,452,015 197236 X 197236
LOCKHEED MARTIN COCom 53983010 $2,136,650 56600 X 56600
LUCENT TECHNOLOGIECom 54946310 $296,568 2746 X 2746
MARSH MCLENNAN Com 57174810 $6,426,338 86550 X 86550
MASCOTECH Com 57467010 $2,071,653 133655 X 133655
MAYTAG CORP. Com 57859210 $3,160,631 52350 X 52350
MCCORMICK & COMPANCom 57978020 $4,121,306 142114 X 142114
MCDONALD'S CORP Com 58013510 $2,788,713 61544 X 61544
MERCK & CO. Com 58933110 $2,864,469 35750 X 35750
MICROSOFT CORP. Com 59491810 $296,659 3310 X 3310
MOBIL CORP. Com 60705910 $190,080 2160 X 2160
N C R CORPORATIONCom 62886E10 $28 1 X 1
OCCIDENTAL PETR Com 67459910 $2,201,400 122300 X 122300
OFFICE DEPOT Com 67622010 $10,717,495 286277 X 286277
OUTBACK STEAKHOUSECom 68989910 $6,653,081 203148 X 203148
PECO ENERGY Com 69330410 $4,715,558 101958 X 101958
PFIZER, INC. Com 71708110 $182,456 1315 X 1315
PHARMERICA INC Com 71713510 $15 3 X 3
PHELPS DODGE Com 71726510 $2,388,625 48500 X 48500
PHILIP MORRIS Com 71815410 $25,335 720 X 720
PHILLIPS PETRO. Com 71850710 $3,517,763 74450 X 74450
PNC BANK CORP. Com 69347510 $3,705,019 66682 X 66682
PROCTER&GAMBLE Com 74271810 $3,877,933 39596 X 39596
ROLLINS TRK LSG Com 77574110 $662,324 70180 X 70180
ROYAL DUTCH PET Com 78025780 $3,754,400 72200 X 72200
RYDER SYSTEM Com 78354910 $4,206,542 152273 X 152273
SACHS HOLDINGS Com 79377W10 $1,191,190 45815 X 45815
SCHERING-PLOUGH Com 80660510 $200,005 3620 X 3620
SEAGRAM CO. Com 81185010 $2,667,500 53350 X 53350
SEARS, ROEBUCK Com 81238710 $2,474,016 54750 X 54750
SHERWIN-WILLIAM Com 82434810 $1,577,813 56100 X 56100
SHOPKO STORES INC Com 82491110 $3,461,706 115873 X 115873
SUPERVALU INC. Com 86853610 $5,121,909 248335 X 248335
TEMPLE-INLAND Com 87986810 $3,404,188 54250 X 54250
TESORO PETROL. Com 88160910 $1,304,402 118582 X 118582
TEXAS UTILITIES Com 88284810 $5,877,900 139950 X 139950
THOMAS & BETTS Com 88431510 $4,235,848 112768 X 112768
TIME WARNER Com 88731510 $8,867,070 125219 X 125219
TOLL BROTHERS Com 88947810 $1,398,126 77138 X 77138
TORCHMARK CORP. Com 89102710 $2,110,969 66750 X 66750
UNILEVER NV Com 90478450 $89,558 1348 X 1348
UNION PACIFIC RESOCom 90783410 $831,844 70050 X 70050
USX-U.S. STEEL Com 90337T10 $1,709,155 72730 X 72730
V.F. CORP. Com 91820410 $9,269,483 195147 X 195147
VITECH AMERICA INCCom 92848910 $520,580 64568 X 64568
WAL-MART STORES Com 93114210 $308,183 3343 X 3343
WASHINGTON POST "B" 93964010 $4,721,661 9054 X 9054
GRAND TOTAL $339,027,822
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