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 Management Filing this Report:
Name: Mainstream Investment Advisers, LLC
Address: 462 South Fourth Avenue
Suite 1750
Louisville, KY 40202
13F File Number: 28-6888
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: Diane J. Hulls
Title: Director
Phone: 502-568-6619
Signature, Place, and Date of Signing:
Diane J. Hulls Louisville, Kentucky April 30, 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.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 157
Form 13F Information Table Value Total: $233,757
<PAGE>
<TABLE>
<CAPTION> FAIR
TITLE MARKET SHARES OF
OF CUSIP VALUE PRINCIPAL SOLE SHARED OTHER SOLE SHARED NONE
NAME OF ISSUER CLASS NUMBER (x$1000) AMOUNT (A) (B) (C) MANAGERS (A) (B) (C)
- -------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AIRBORNE FREIGHT CORP COMMON 009266107 1162 37500 N X 230 37500
ATLANTIC COAST AIRLINES OTC IS 048396105 3445 122500 N X 230 22500
ANALOG DEVICES INC COMMON 032654105 595 20000 N X 230 20000
ARCHER-DANIELS-MIDLAND COMMON 039483102 9914 675000 N X 230 75000
ADAPTEC INC OTC IS 00651F108 912 40000 N X 230 40000
AMERADA HESS CORP COMMON 023551104 1908 37500 N X 230 7500
ACCLAIM ENTERTAINMENT INC OTC IS 004325205 804 90000 N X 230 90000
ALASKA AIR GROUP INC COMMON 011659109 11576 243700 N X 230 243700
ALLEGHENY TELEDYNE INC COMMON 017415100 947 50000 N X 230 50000
AMKOR TECHNOLOGY INC OTC IS 031652100 393 49900 N X 230 49900
AIR PRODUCTS & CHEMICALS COMMON 009158106 856 25000 N X 230 25000
ATMEL CORP OTC IS 049513104 2316 152500 N X 230 52500
AMERICA WEST AIRLINES INC COMMON 023657208 2379 124800 N X 230 124800
ALLEGHENEY ENERGY INC COMMON 017361106 369 12500 N X 230 12500
BOEING CO COMMON 097023105 4264 125400 N X 230 125400
C R BARD INC W/RTS COMMON 067383109 2522 50000 N X 230 50000
PINNACLE HOLDINGS INC OTC IS 72346N101 2034 134500 N X 230 134500
BIRMINGHAM STEEL CORP COMMON 091250100 185 47000 N X 230 47000
BATTLE MOUNTAIN GOLD CO COMMON 071593107 1540 560000 N X 230 560000
BURLINGTON NORTHERN INC COMMON 12189T104 411 12500 N X 230 12500
BEAR STEARNS COMPANIES COMMON 073902108 223 5000 N X 230 5000
BRIGHTPOINT INC OTC IS 109473108 74 12500 N X 230 12500
CONSOLIDATED FREIGHTWAYS OTC IS 209232107 1533 130500 N X 230 130500
PILGRIMS PRIDE CORP COMMON 721467108 1798 109400 N X 230 109400
CIGNA CORP W/RTS TO PUR COMMON 125509109 2095 25000 N X 230 25000
CINERGY CORP COMMON 172474108 3300 120000 N X 230 120000
CHASE MANHATTAN CORP COMMON 16161A108 814 10000 N X 230 10000
COMCAST CORP-SPECIAL CL A OTC IS 200300200 2360 37500 N X 230 37500
CNF TRANSPORTATION INC COMMON 12612W104 473 12500 N X 230 12500
CONSOLIDATED NATURAL GAS COMMON 209615103 482 9900 N X 230 9900
COLUMBIA/HCA HEALTHCARE COMMON 197677107 1140 60200 N X 230 60200
COMSAT CORP - SERIES 1 COMMON 20564D107 529 18300 N X 230 18300
CYPRESS SEMICONDUCTOR COMMON 232806109 725 80600 N X 230 80600
DOMINION RESOURCES INC COMMON 257470104 462 12500 N X 230 12500
DELUXE CORP COMMON 248019101 728 25000 N X 230 25000
DARDEN RESTAURANTS INC COMMON 237194105 425 20600 N X 230 20600
DUKE POWER CO COMMON 264399106 1940 35400 N X 230 35400
BRINKER INTERNATIONAL INC COMMON 109641100 324 12500 N X 230 12500
EEX CORPORATION COMMON 26842V207 244 50000 N X 230 50000
EARTHGRAINS CO COMMON 270319106 555 25000 N X 230 25000
ENRON CORP COMMON 293561106 2248 35000 N X 230 35000
E SPIRE COMMUNICATIONS OTC IS 269153102 247 18000 N X 230 18000
ETEC SYS INC OTC IS 26922C103 368 12500 N X 230 12500
ETHYL CORP COMMON 297659104 106 25000 N X 230 25000
FOUNDATION HEALTH SYSTEMS COMMON 350404109 3947 323900 N X 230 323900
FLOWERS INDS INC COMMON 343496105 2775 112700 N X 230 112700
FLEET FINANCIAL GROUP INC COMMON 338915101 1411 37500 N X 230 37500
FORE SYSTEMS INC OTC IS 345449102 473 25000 N X 230 25000
FRUIT OF THE LOOM INC COMMON 359416104 538 50000 N X 230 50000
GUIDANT CORP COMMON 401698105 2118 35000 N X 230 35000
GOLDEN WEST FINANCIAL COMMON 381317106 1824 19100 N X 230 19100
GENZYME CORP OTC IS 372917104 1261 25000 N X 230 25000
GATX CORP COMMON 361448103 4226 128300 N X 230 128300
GEON CO COMMON 37246W105 341 15000 N X 230 15000
GOTHIC ENERGY CORP OTC IS 383482106 14 25000 N X 230 25000
GREY WOLF INC COMMON 397888108 359 250000 N X 230 250000
GENCORP INC W/RTS TO PUR COMMON 368682100 297 16500 N X 230 16500
HOME DEPOT INC COMMON 437076102 623 10000 N X 230 10000
HOUSEHOLD INTERNATIONAL COMMON 441815107 1369 30000 N X 230 30000
HILTON HOTELS CORP COMMON 432848109 352 25000 N X 230 25000
HOMESTAKE MINING CO COMMON 437614100 431 50000 N X 230 50000
HEALTH MANAGEMENT ASSOC COMMON 421933102 3047 250000 N X 230 250000
HONEYWELL INC W/RTS COMMON 438506107 1895 25000 N X 230 25000
HERCULES INC W/RTS TO PUR COMMON 427056106 316 12500 N X 230 12500
HEALTHPLAN SERVICES CORP COMMON 421959107 393 55600 N X 230 55600
HARBINGER CORP OTC IS 41145C103 68 10000 N X 230 10000
HSB GROUP INC-HOLDING CO COMMON 40428N109 1856 50000 N X 230 50000
HUMANA INC COMMON 444859102 3022 175200 N X 230 175200
IXC COMMUNICATIONS INC OTC IS 450713102 2523 55000 N X 230 55000
ILLINOVA CORP COMMON 452317100 381 18000 N X 230 18000
INTERNATIONAL PAPER CO COMMON 460146103 4008 95000 N X 230 95000
INGERSOLL RAND CO COMMON 456866102 2134 43000 N X 230 43000
JEVIC TRANSPORTATION INC OTC IS 47719P107 785 122000 N X 230 122000
KOMAG INC OTC IS 500453105 669 153000 N X 230 153000
K N ENERGY INC COMMON 482620101 997 50000 N X 230 50000
KNIGHT RIDDER INC W/RTS COMMON 499040103 2930 58600 N X 230 58600
LOUIS DREYFUS NATURAL GAS COMMON 546011107 1885 130000 N X 230 130000
LEVIATHAN GAS PIPELINE COMMON 527367205 567 25000 N X 230 25000
LG&E ENERGY CORP COMMON 501917108 3532 169700 N X 230 169700
LINEAR TECHNOLOGY CORP OTC IS 535678106 507 9900 N X 230 9900
INTERSTATE ENERGY CORP COMMON 460845100 1121 42100 N X 230 42100
***LORAL SPACE & COMMON G56462107 722 50000 N X 230 50000
LOUISIANA PACIFIC CORP COMMON 546347105 1769 95000 N X 230 95000
LAM RESEARCH CORP OTC IS 512807108 725 25000 N X 230 25000
LSI LOGIC CORP COMMON 502161102 390 12500 N X 230 12500
LYONDELL PETROCHEMICAL CO COMMON 552078107 497 36300 N X 230 36300
MESABA HOLDINGS INC OTC IS 59066B102 657 49000 N X 230 49000
MICROCHIP TECHNOLOGY INC OTC IS 595017104 3636 105000 N X 230 105000
MEAD CORP COMMON 582834107 769 25000 N X 230 25000
MIDWEST EXPRESS HOLDINGS COMMON 597911106 4835 164600 N X 230 164600
MENTOR GRAPHICS CORP OTC IS 587200106 945 70000 N X 230 70000
MCGRAW HILL INC COMMON 580645109 273 5000 N X 230 5000
MID ATLANTIC MEDICAL SERV COMMON 59523C107 855 85000 N X 230 85000
MOLEX INC OTC IS 608554101 1815 61800 N X 230 61800
MARINER POST-ACUTE COMMON 568459101 164 75000 N X 230 75000
MACDERMID INC COMMON 554273102 1188 35000 N X 230 35000
MONSANTO CO W/RTS TO PUR COMMON 611662107 1493 32500 N X 230 32500
MAXIM INTERGRATED PRODUCT OTC IS 57772K101 271 5000 N X 230 5000
MAXXAM INC COMMON 577913106 871 17300 N X 230 17300
NATIONAL SEMICONDUCTOR COMMON 637640103 3300 354400 N X 230 354400
NUCOR CORP COMMON 670346105 1102 25000 N X 230 25000
NORTHWEST AIRLINES CORP OTC IS 667280101 4397 158100 N X 230 158100
NEWELL RUBBERMAID INC COMMON 651229106 1900 40000 N X 230 40000
OFFICE DEPOT INC COMMON 676220106 936 25000 N X 230 25000
OWENS & MINOR INC HOLDING COMMON 690732102 253 25000 N X 230 25000
OXFORD HEALTH PLANS INC OTC IS 691471106 1172 75000 N X 230 75000
PAYCHEX INC OTC IS 704326107 237 5000 N X 230 5000
PUBLIC SERVICE ENTERPRISE COMMON 744573106 764 20000 N X 230 20000
PARKER HANNIFIN CORP COMMON 701094104 1233 36000 N X 230 36000
***PHILIP SERVICES CORP COMMON 71819M103 23 87000 N X 230 87000
POPE & TALBOT INC COMMON 732827100 531 83300 N X 230 83300
PROVIDIAN FINL CORP COMMON 74406A102 3300 30000 N X 230 30000
POWERWAVE TECHNOLOGIES OTC IS 739363109 284 10000 N X 230 10000
PAINE WEBBER GROUP INC COMMON 695629105 2117 53100 N X 230 53100
PAPA JOHNS INTERNATIONAL OTC IS 698813102 1262 28600 N X 230 28600
SUNGLASS HUT INT'L OTC IS 86736F106 945 90000 N X 230 90000
HOUSTON INDS INC COMMON 75952J108 1955 75000 N X 230 75000
COORS ADOLPH CO COMMON 217016104 675 12500 N X 230 12500
ROADWAY EXPRESS INC DEL OTC IS 769742107 717 42000 N X 230 42000
ROCKWELL INTL CORP NEW COMMON 773903109 1061 25000 N X 230 25000
RAYTHEON CO COMMON 755111408 5182 88400 N X 230 88400
***SMITHKLINE BEECHAM PLC COMMON 832378301 1788 25000 N X 230 25000
SEGUE SOFTWARE INC OTC IS 815807102 1296 134600 N X 230 134600
SPEEDFAM INTERNATIONAL OTC IS 847706108 677 56400 N X 230 56400
SILICON GRAPHICS INC COMMON 827056102 497 30000 N X 230 30000
SIERRA HEALTH SERVICES COMMON 826322109 988 76000 N X 230 76000
SKYWEST INC OTC IS 830879102 361 12500 N X 230 12500
SNAP ON TOOLS CORP COMMON 833034101 667 23000 N X 230 23000
SYNOPSYS INC OTC IS 871607107 1344 25000 N X 230 25000
SOUTHERN CO COMMON 842587107 466 20000 N X 230 20000
ST PAUL COMPANIES INC COMMON 792860108 1097 35300 N X 230 35300
SYSTEM SOFTWARE ASSOC OTC IS 871839106 257 114100 N X 230 114100
SS&C TECHNOLOGIES INC OTC IS 85227Q100 309 25000 N X 230 25000
LONE STAR STEAKHOUSE OTC IS 542307103 308 30000 N X 230 30000
SUPERVALU INC COMMON 868536103 423 20500 N X 230 20500
SWIFT TRANSPORTATION CO OTC IS 870756103 386 15100 N X 230 15100
SYSCO CORP COMMON 871829107 658 25000 N X 230 25000
AT&T CORP COMMON 001957109 2075 26000 N X 230 26000
TECH DATA CORP OTC IS 878237106 1491 65000 N X 230 65000
TENET HEALTHCARE/NATL MED COMMON 88033G100 2367 125000 N X 230 125000
TEKELEC INC OTC IS 879101103 207 28300 N X 230 28300
TRIBUNE CO NEW W/RTS COMMON 896047107 949 14500 N X 230 14500
TYSON FOODS INC CL A COMMON 902494103 4138 200000 N X 230 200000
TEXAS UTILITIES CO COMMON 882848104 525 12500 N X 230 12500
ULTRAMAR DIAMOND SHAMROCK COMMON 904000106 387 17900 N X 230 17900
UNION CARBIDE CORP COMMON 905581104 9038 200000 N X 230 200000
UNITED STATES FILTER CORP COMMON 911843209 1194 39000 N X 230 39000
VENCOR INC COMMON 92260R102 263 200000 N X 230 200000
WACHOVIA CORP NEW COMMON 929771103 2354 29000 N X 230 29000
WHIRLPOOL CORP COMMON 963320106 1359 25000 N X 230 25000
WORKGROUP TECHNOLOGY CORP OTC IS 980903108 37 21200 N X 230 21200
WELLPOINT HEALTH NETWORKS COMMON 94973H108 925 12200 N X 230 12200
WLR FOODS INC OTC IS 929286102 738 100000 N X 230 100000
WORTHINGTON INDUSTRIES OTC IS 981811102 1469 125000 N X 230 125000
WEYERHAEUSER CO COMMON 962166104 4068 73300 N X 230 73300
***XL CAPITAL LTD-CL A COMMON G98255105 1415 23300 N X 230 23300
YELLOW CORP OTC IS 985509108 785 45200 N X 230 45200
***YPF SOCIODAD ANOMIA COMMON 984245100 4510 142900 N X 230 142900
</TABLE>
