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
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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:
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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 05-13-99
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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: 27
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Form 13F Information Table Value Total: $ 166,421
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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 MARCH 31, 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
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<S> <C> <C> <C> <C>
LORAL SPACE & COMM COMMON STOCK G56462107 4,521,825 313,200
AMER TEL & TEL COMMON STOCK 001957109 9,732,336 121,940
LIBERTY MEDIA CORP. COMMON STOCK 001957208 13,046,474 247,914
AMERICAN INTL GROUP INC COMMON STOCK 026874107 10,844,188 89,900
AMERITECH COMMON STOCK 030954901 2,881,250 50,000 CALL
CNA FINANCIAL COMMON STOCK 126117100 4,269,375 110,000
CABLEVISION COMMON STOCK 12686C109 8,895,000 120,000
COMCAST CRP CL A SPL COMMON STOCK 200300200 2,479,738 39,400
CRESENT OPERATING COMMON STOCK 22575M100 570,575 157,400
DISNEY COMMON STOCK 254687106 3,819,038 122,700
FOX ENTERTAINMENT COMMON STOCK 35138T107 4,955,738 182,700
HOUSEHOLD INTL INC. COMMON STOCK 441815107 7,017,125 153,800
HUSSMANN INTL INC COMMON STOCK 448110106 2,592,344 176,500
LUCASVARITY COMMON STOCK 549395101 3,267,348 70,400
MCI WORLDCOM INC COMMON STOCK 55268B106 14,488,825 163,600
MEDIAONE GROUP COMMON STOCK 58440J104 13,335,000 210,000
MIDAMERICAN ENERGY COMMON STOCK 59562V107 5,096,000 182,000
NAC RE CORP COMMON STOCK 628907107 9,728,175 181,200
NEWS CORP.LTD.PFD. ADR 652487802 7,218,750 262,500
PARK PLACE ENT COMMON STOCK 700690100 6,431,150 850,400
RAYTHEON CL B CLASS B 755111408 8,318,888 141,900
RENAL CARE GROUP COMMON STOCK 759930100 834,063 42,500
TELSP CELLULAR COMMON STOCK 87952L108 695,125 33,200
TIME WARNER INC COMMON STOCK 887315109 6,387,288 90,200
VARIAN ASSOCIATES COMMON STOCK 922204102 6,913,000 178,400
WARNER LAMEBRT COMMON STOCK 934488907 3,259,500 49,200 CALL
WINSTAR COMMUN. COMMON STOCK 975515107 4,822,816 132,700
</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>
LORAL SPACE & COMM X X
AMER TEL & TEL X X
LIBERTY MEDIA CORP. X X
AMERICAN INTL GROUP INC X X
AMERITECH X X
CNA FINANCIAL X X
CABLEVISION X X
COMCAST CRP CL A SPL X X
CRESENT OPERATING X X
DISNEY X X
FOX ENTERTAINMENT X X
HOUSEHOLD INTL INC. X X
HUSSMANN INTL INC X X
LUCASVARITY X X
MCI WORLDCOM INC X X
MEDIAONE GROUP X X
MIDAMERICAN ENERGY X X
NAC RE CORP X X
NEWS CORP.LTD.PFD. X X
PARK PLACE ENT X X
RAYTHEON CL B X X
RENAL CARE GROUP X X
TELSP CELLULAR X X
TIME WARNER INC X X
VARIAN ASSOCIATES X X
WARNER LAMEBRT X X
WINSTAR COMMUN. X X
</TABLE>
