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
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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: Ulysses Offshore Fund, Ltd.
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Address: Harbour Centre, 2nd Floor, P.O. Box 896
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George Town, Grand Cayman, Cayman Islands, B.W.I.
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Form 13F File Number: 28-6860
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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: Ulysses Management Offshore, LLC by Joshua Nash, Manager
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Title: Manager
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Phone: 212-455-6200
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Signature, Place, and Date of Signing:
/s/ Joshua Nash New York 08-13-99
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(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>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
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Form 13F Information Table Entry Total: 43
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Form 13F Information Table Value Total: $ 214,233
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(in 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>
ULYSSES OFFSHORE FUND, LTD.
S.E.C. FORM 13F
FOR QUARTER ENDED JUNE 30, 1999
<TABLE>
<CAPTION>
ITEM 5:
ITEM 2: ITEM 3: ITEM 4: Shares or
ITEM 1: Title of Cusip Fair Principal
Name of Issuer Class Number Market Value Amount
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
DAIMLER CHRYSLER AG COMMON STOCK D1668R123 6,461,400 72,600
LORAL SPACE & COMM COMMON STOCK G56462107 10,490,400 582,800
LORAL SPACE & COMM COMMON STOCK G56462907 2,233,800 124,100 CALL
XL CAPITAL LTD COMMON STOCK G98255105 9,367,587 165,798
AMER TEL & TEL COMMON STOCK 001957109 10,208,664 182,910
LIBERTY MEDIA CORP. COMMON STOCK 001957208 18,221,679 495,828
LIBERTY MEDIA CORP. COMMON STOCK 001957908 3,028,200 82,400 CALL
AMERICAN INT'L GROUP COMMON STOCK 026874107 10,540,775 89,900
AMERUS LIFE HLDGS COMMON STOCK 030732101 669,600 24,800
AMERITECH COMMON STOCK 030954901 3,675,000 50,000 CALL
APPLIED POWER INC. COMMON STOCK 038225108 1,939,188 71,000
CNA FINANCIAL COMMON STOCK 126117100 4,434,375 110,000
CABLEVISION COMMON STOCK 12686C109 8,981,000 128,300
COMCAST CRP CL A SPL COMMON STOCK 200300200 3,028,875 78,800
COMSAT CORP. COMMON STOCK 20564D107 2,944,500 90,600
CRESCENT OPER.COS. COMMON STOCK 22575M100 1,063,431 156,100
DISNEY (WALT) CORP COMMON STOCK 254687106 5,273,625 172,200
GILLETTE CO. COMMON STOCK 375766102 1,353,000 33,000
HIGH SPEED ACCESS COMMON STOCK 42979U102 212,688 8,300
HOUSEHOLD INTL INC. COMMON STOCK 441815107 7,286,275 153,800
HUSSMANN INTL INC COMMON STOCK 448110106 3,269,438 197,400
IXL ENTERPRISES COMMON STOCK 450718101 198,875 7,400
LINCARE HLDGS COMMON STOCK 532791100 2,855,000 114,200
MCI WORLDCOM INC COMMON STOCK 55268B106 14,079,825 163,600
MCI WORLDCOM INC COMMON STOCK 55268B906 4,260,094 49,500 CALL
MEDIAONE GROUP COMMON STOCK 58440J104 10,702,563 143,900
MERCK & COMPANY COMMON STOCK 589331107 2,429,625 33,000
MIDAMERICAN ENERGY COMMON STOCK 59562V107 6,523,350 188,400
NEWS CORP AD 652487703 2,076,375 58,800
NEWS CORP.LTD.PFD. AD 652487802 10,049,500 318,400
PARK PLACE ENTERTAIN COMMON STOCK 700690100 8,178,806 855,300
PEPSI BOTTLING GROUP COMMON STOCK 713409100 3,822,563 165,300
PHONE.COM INC. COMMON STOCK 71920Q100 184,800 3,300
RAYTHEON CLASS B COMMON STOCK 755111408 6,641,100 94,200
RENAL CARE GROUPINC. COMMON STOCK 759930100 2,724,638 105,300
SBC COMMUNICATIONS COMMON STOCK 78387G103 2,876,800 49,600
TCI MUSIC INC. COMMON STOCK 87229N101 2,642,513 74,700
TCI SATELLITE CL A COMMON STOCK 872298104 158,331 53,900
TELESP CELULAR SA COMMON STOCK 87952L108 888,100 33,200
TIME WARNER INC COMMON STOCK 887315109 9,063,600 124,800
VARIAN INC COMMON STOCK 922206107 3,291,300 243,800
VARIAN SEMICONDUCTOR COMMON STOCK 922207105 1,864,900 109,700
WINSTAR COMMUN. COMMON STOCK 975515107 4,036,500 82,800
</TABLE>
Table continued...
<TABLE>
<CAPTION>
ITEM 6: ITEM 8:
INVESTMENT DESCRETION VOTING AUTHORITY SHARES
(b) Shares ITEM 7:
ITEM 1: as Definces (c) Shared Managers
Name of Issuer (a) Sole in Instr. V Other See Intr. V (a) Sole (b) Shared (c) None
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<S> <C> <C> <C> <C> <C> <C> <C>
DAIMLER CHRYSLER AG X X
LORAL SPACE & COMM X X
LORAL SPACE & COMM X X
XL CAPITAL LTD X X
AMER TEL & TEL X X
LIBERTY MEDIA CORP. X X
LIBERTY MEDIA CORP. X X
AMERICAN INT'L GROUP X X
AMERUS LIFE HLDGS X X
AMERITECH X X
APPLIED POWER INC. X X
CNA FINANCIAL X X
CABLEVISION X X
COMCAST CRP CL A SPL X X
COMSAT CORP. X X
CRESCENT OPER.COS. X X
DISNEY (WALT) CORP X X
GILLETTE CO. X X
HIGH SPEED ACCESS X X
HOUSEHOLD INTL INC. X X
HUSSMANN INTL INC X X
IXL ENTERPRISES X X
LINCARE HLDGS X X
MCI WORLDCOM INC X X
MCI WORLDCOM INC X X
MEDIAONE GROUP X X
MERCK & COMPANY X X
MIDAMERICAN ENERGY X X
NEWS CORP X X
NEWS CORP.LTD.PFD. X X
PARK PLACE ENTERTAIN X X
PEPSI BOTTLING GROUP X X
PHONE.COM INC. X X
RAYTHEON CLASS B X X
RENAL CARE GROUPINC. X X
SBC COMMUNICATIONS X X
TCI MUSIC INC. X X
TCI SATELLITE CL A X X
TELESP CELULAR SA X X
TIME WARNER INC X X
VARIAN INC X X
VARIAN SEMICONDUCTOR X X
WINSTAR COMMUN. X X
</TABLE>
