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Form 13F
Report for the Calendar Year or Quarter Ended SEPTEMBER 30 1998
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(Please read instructions before preparing form)
If amended report check here: [ ]
Name of Institutional Investment Manager:
JL ASSOCIATES, LLC
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Business Address:
Street 655 MADISON AVENUE City NEW YORK State NY Zip 10021
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Name, Phone No., and Title of Person Only Authorized to Submit This Report:
MICHAEL LEWITTES,(212) 593-2729, MANAGING MEMBER
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ATTENTION--Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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The institutional investment manager submitting this Form and its
attachments and the person by whom it is signed represent hereby that all
information contained therein is true, correct and complete, it is understood
that all required items, statements and schedules are considered integral parts
of this Form and that the submission of any amendment represents that all
unamended items, statements and schedules remain true, correct and complete as
previously submitted.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
undersigned institutional investment manager has caused this report to be signed
on its behalf in the City of NEW YORK and State of NEW YORK on the 16TH day of
OCTOBER , 1998.
JL ASSOCIATES, LLC
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(Name of Institutional Investment Manager)
[SIG]
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(Manual Signature of Person Duly Authorized to Submit This Report)
Name and 13F file numbers of ALL Institutional Investment Managers with respect
to which this schedule is filed (other than the one filing this report) (List in
alphabetical order).
13F File Numbers will be assigned to Institutional Investment
Managers after they file their first report.
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Name: 13F File No.: Name: 13F File No.:
<S> <C> <C> <C>
1. 8.
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2. 9.
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3. 10.
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4. 11.
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5. 12.
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6. 13.
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7. 14.
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Report for the Calander Quarter Ended September 30, 1998
FORM 13F
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(SEC USE ONLY)
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Name of Reporting Manager: JL ASSOCIATES, LLC
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ITEM 5:
ITEM 1: ITEM 2: ITEM 3: ITEM 4: SHARES OF
NAME OF ISSUER TITLE OF CLASS CUSIP FAIR MARKET PRINCIPAL
NUMBER VALUE AMOUNT
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<S> <C> <C> <C> <C>
Astoria Finl Corp CALL 046265904 $ 11,563 1,850
Bandag Inc. CL A 059815308 $ 6,152,446 198,466
Bank of the Ozarks Inc COM 063904106 $ 1,150,000 50,000
CBS Corp COM 12490K107 $ 7,881,250 325,000
Chrysler Corp COM 171196108 $ 19,162,304 400,257
Coast Federal Litigation TR RT 19034Q110 $ 3,162,524 358,868
Crescent Oper Inc COM 22575M100 $ 1,335,250 218,000
El Paso Elec Co COM 283677854 $ 16,142,814 1,666,355
First Union Real Estate Equity SH BEN INT 337400105 $ 2,871,472 546,947
Golden St Bancorp Inc WT EXP 000000 381197136 $ 711,980 170,025
Grey Advertising Inc COM 397838103 $ 359,700 1,100
Griffin Ld & Nurseries Inc CL A 398231100 $ 1,370,644 123,900
Hallwood Realty Partners LP DEPOSIT UT NEW 40636T203 $ 806,400 14,400
HF Finl Corp COM 404172108 $ 797,268 54,984
Hollywood Park Inc COM 436255103 $ 345,778 33,328
MMI Companies Inc COM 553087107 $ 705,590 39,336
Merrill Lynch & Co Inc COM 590188108 $ 7,078,125 150,000
Pulitzer Pubg Co COM 745771105 $ 26,462,169 334,435
Safety-Kleen Corp New COM 78648R104 $ 12,875,081 3,886,817
US Can Corp COM 90328W105 $ 4,762,968 325,673
Young Broadcasting Inc CL A 987434107 $ 3,889,908 115,685
COLUMN TOTALS $ 118,035,234
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ITEM 6: ITEM 8:
ITEM 1: INVESTMENT DISCRETION VOTING AUTHORITY (SHARES)
NAME OF ISSUER -------------------------------------- ITEM 7: ---------------------------------
(b) SHARED- MANAGERS
(a) SOLE AS DEFINED (c) SHARED- SEE INSTR. V (a) SOLE (b) SHARED (c) NONE
IN INSTR. V OTHER
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<S> <C> <C> <C> <C> <C> <C>
Astoria Finl Corp X X
Bandag Inc. X X
Bank of the Ozarks Inc X X
CBS Corp X X
Chrysler Corp X X
Coast Federal Litigation TR X X
Crescent Oper Inc X X
El Paso Elec Co X X
First Union Real Estate Equity X X
Golden St Bancorp Inc X X
Grey Advertising Inc X X
Griffin Ld & Nurseries Inc X X
Hallwood Realty Partners LP X X
HF Finl Corp X X
Hollywood Park Inc X X
MMI Companies Inc X X
Merrill Lynch & Co Inc X X
Pulitzer Pubg Co X X
Safety-Kleen Corp New X X
US Can Corp X X
Young Broadcasting Inc X X
COLUMN TOTALS
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