UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 Amdendment (Check only on.): [ ] is a restaement.
[ ] adds new holdins entries.
Institutional Investment Manager Filing this Report:
Name: Hutchens Investment Management, Inc.
Address: 175 Main Street
P. O. Box 1549
New London, NH 03257
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.
Persons Signing this Reort on Behalf of Reporting Manager:
Name: Julie Bretschger
Title: Vice President, Operations
Phone: 603-526-4104
Signature, Place, and Date of Signing:
Julie Bretschger New London, NH May 12, 1999
Report Type (Check only one.):
[x] 13F Holdings Report
[ ] 13F Notice
[ ] 13F Combination Report
List of Other Mangers 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 of Other Included Managers: 0
Form 13F Information Table Entry Total: 110
Form 13F Informatin TAble Value Total: $151,798
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<TABLE>
FORM 13F INFORMATION TABLE
VALUE SHARES/
NAME OF ISSUER TITLE OF CL CUSIP # (x$1000) PRN AMT (A) SOLE(B) SHAR(C) SHAR Managers VOTING AUTHORITY SHARES
AS DEF I OTHER (A)SOLE (B)SHARE (C)NONE
INST. 5
<C> <C> <C> <C> <C> <S> <C> <C>
3Com Corp Common 885535104 643 27591 x 10200 17391
AT&T Corp Common 001957109 3133 39258 x 21997 17261
Abbott Labs Common 002824100 3021 64535 x 25700 38835
Albertsons Inc. Common 013104104 2140 39320 x 22000 17320
AllTel Corp. Common 020039103 3414 54732 x 28600 26132
Allstate Common 020002101 233 6300 x 1000 5300
American General CoCommon 026351106 1763 25000 x 20000 5000
American Home Prod.Common 026609107 816 12505 x 5000 7505
American States WatCommon 029899101 374 15425 x 15425
Ameritech Common 030954101 256 44381 x 24000 20381
Amgen, Inc. Common 031162100 365 48710 x 24800 23910
Anheuser-Busch Common 035229103 3983 52322 x 21200 31122
BJ's Wholesale Common 05548J106 563 21400 x 21400
Becton Dickinson Common 075887109 444 11590 x 11590
Bell Atlantic Common 077853109 2549 49314 x 25700 23614
Bellsouth Common 079860102 2703 67466 x 42000 25466
Bergen Brunswig CorCommon 083739102 432 21600 x 21600
Biogen, Inc. Common 090597105 743 6500 x 50 6450
Biomet Common 090613100 440 10500 x 10500
Bristol Myers/SquibCommon 110122108 396 61725 x 22750 38975
Broadcom Common 111320107 1307 21215 x 3200 18015
Carnival Corp. A Common 143658102 3991 82175 x 34400 47775
Century Telephone Common 156686107 3533 50289 x 29400 20889
Chase Manhattan BanCommon 16161A108 4009 49275 x 20500 28775
Chevron Common 166751107 1118 12601 x 9500 3101
Cigna Corp Common 125509109 2460 29350 x 20000 9350
Cincinnati Bell Common 171870108 464 20700 x 20700
Cisco Systems, Inc.Common 17275R102 968 8837 x 112 8725
Citigroup Common 172967101 1683 26349 x 20000 6349
Citizens Utilities Common 177342201 292 37700 x 37700
Coastal Corp. Common 190441105 1794 54355 x 32000 22355
Coca Cola EnterprisCommon 191219104 1014 33525 x 25000 8525
Compaq Computer Common 204493100 2577 81334 x 36200 45134
ConAgra Common 205887102 827 32275 x 22500 9775
Conexant Systems Common 207142100 511 18450 x 18450
Conseco Common 208464107 473 15315 x 15315
Coors (Adolph) Cl BCommon 217016104 270 5000 x 5000
Corning, Inc. Common 219350105 3092 51525 x 28100 23425
Countrywide Credit Common 222372104 386 10300 x 10300
DaimlerChrysler Common D1668R123 3439 40074 x 19936 20138
Dallas SemiconductoCommon 235204104 485 12550 x 12550
Danaher Corp Common 235851102 762 14586 x 14586
Dell Computer Common 247025109 135 3300 x 3300
Dime Bancorp. Common 25429Q102 466 20100 x 20100
Dow Chemical Common 260543103 839 9000 x 9000 0
DuPont, E.I. Common 263534109 562 9673 x 1000 8673
Enron Corp. Common 293562104 2670 41560 x 23000 18560
Equitable CompaniesCommon 29444G107 282 4030 x #VALUE!
Exxon Common 302290101 2725 38629 x 14900 23729
Federal Home Loan Common 313400301 2928 51100 x 39100 12000
Federal Nat'l Mtg. Common 313586109 3544 51179 x 31000 20179
Federated Dept. Common 31410H101 216 5385 x 5385
Fleet Financial Common 338915101 3467 92135 x 55500 36635
Ford Motor Common 345370100 3138 55358 x 28100 27258
Frontier Corp. Common 35906P105 518 1000 x 1000
Gartner Group, Inc.Common 366651107 248 11000 x 11000
General Mills Common 370334104 2435 32225 x 16050 16175
Golden West Fincl Common 381317106 506 5300 x 5300
Great Lakes ChemicaCommon 390568103 436 11875 x 11875
Halliburton Common 406216101 1583 41125 x 32000 9125
Hannaford Bro. Common 410550107 363 8000 x 8000
Hartford Financial Common 416515104 1136 20000 x 20000 0
Hawaiian Electric Common 419870100 369 10550 x 10550
Heinz Co Common 423074103 1545 32625 x 13500 19125
Home Depot Common 437076102 243 3902 x 3902
Ingersoll-Rand Common 456866102 2461 49600 x 30000 19600
Int'l Business CorpCommon 459200101 318 1795 x 1795
Intel Corp. Common 458140100 3774 31746 x 13525 18221
J.P. Morgan Common 616880100 2167 17571 x 14200 3371
Johnson & Johnson Common 478160104 2259 24164 x 14000 10164
K-mart Common 482584109 804 47810 x 28000 19810
Keebler Foods Common 487256109 256 7000 x 7000
Knight Ridder Common 499040103 403 8050 x 8050
Lehman Br Holdings Common 524908100 310 5200 x 5200
Level 3Comm Common 52729N100 1062 14590 x 1200 13390
Lucent Tech Common 549643107 433 4011 x 4011
MCI Worldcom Common 55268B106 2154 24324 x 15800 8524
McDonalds Corp Common 580135101 3670 80990 x 40200 40790
Merck Common 589331107 1201 14998 x 2340 12658
Microsoft Corp. Common 594918104 296 3300 x 3300
Minnesota Mining Common 604059105 1041 14708 x 13000 1708
Mobil Common 607059102 1633 18555 x 10000 8555
Morgan St. Dean WitCommon 617446448 382 3820 x 600 3220
Network Associates Common 640938106 326 10650 x 10650
Nextlink Common 6533H707 426 7600 x 7600
Nortel Networks Common 665815106 3434 55270 x 25500 29770
Oracle Common 68389X105 1568 59437 x 9550 49887
PPG Industries Common 693506107 1628 31765 x 14000 17765
Qualcomm, Inc. Common 747525103 3356 26985 x 5600 21385
Qwest Comm. Common 749121109 1246 17284 x 600 16684
Reliastar Common 75952U103 365 8560 x 8560
Royal Caribbean Common V7780T103 425 10900 x 10900
SBC Comm Common 78387G103 584 12377 x 1200 11177
Sabre Group HoldingCommon 785905100 322 7100 x 7100
Sara Lee Corp. Common 803111103 2380 96175 x 42500 53675
Seagate Common 811804103 2751 93070 x 46156 46914
Sherwin Williams Common 824348106 488 17350 x 17350
Sun Microsystems Common 866810104 6355 50814 x 16294 34520
Supervalu Common 868536103 330 16000 x 16000
Synopsys Inc. Common 871607107 588 10950 x 10950
Tecumseh Products Common 878895200 254 5000 x 10800 -5800
Telebras-Spons ADR Common 87928R106 403 5000 x 5000
Tellabs Common 879664100 252 2585 x 2585
Texaco Common 881694103 411 7250 x 3000 4250
Textron Common 883203101 2440 31535 x 14500 17035
Tosco, Corp Common 894190107 201 8100 x 8100
Unionbancal Corp. Common 908906100 536 15750 x 15750
Uniphase Common 909149106 1154 10025 x 400 9625
Wave Systems Corp. Common 943526103 316 11500 x 11500
Williams Co. Common 969457100 415 10500 x 10000 500
COLUMN TOTALS 151798
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