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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 6/30/99
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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: JL ASSOCIATES, LLC
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Address: 655 MADISON AVENUE, 21ST FLOOR
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NEW YORK, NY 10021
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Form l3F File Number: 28-
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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: Michael Lewittes
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Title: Managing Member
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Phone: 212 593 --2729
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Signature, Place, and Date of Signing:
[SIG] New York, NY 7 /28/99
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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).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28-
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[Repeat as necessary.]
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: None
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Form 13K Information Table Entry Total: 13
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Form 13F Information Table Value Total: 75,805
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(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.
[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.]
No. Form 1SF File Number Name
28-
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[Repeat as necessary.]
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REPORT FOR THE CALANDER QUARTER ENDED JUNE 30, 1999
FORM 13F
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(SEC USE ONLY)
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Name of Reporting Manager: JL ASSOCIATES, LLC
<TABLE>
<CAPTION>
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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>
Albertsons Inc COM 013104104 $ 8,832,656 171,300
Comdisco Inc COM 200336105 $ 3,420,938 133,500
Cable & Wireless Pub Ltd Co SPONSORED ADR 126830207 $ 3,570,213 90,100
El Paso Elec Co COM 283677854 $ 6,012,748 672,755
Global Lt Telecommunications COM 37934X100 $ 2,565,000 285,000
Omnipoint Corp COM 68212D102 $ 4,543,188 157,000
Hallwood Realty Partners LP DEPOSIT UT NEW 40636T203 $ 882,000 14,400
Pulitzer Inc COM 745769109 $ 9,124,894 187,900
Quantum Corp COM 747906105 $ 4,920,000 205,000
Seagram Ltd COM 811850106 $ 10,075,000 200,000
TCI Satellite Entmt Inc CL A 872298104 $ 871,263 296,600
Varlen Corp COM 922248109 $ 401,250 10,000
Vodafone Group Plc SPONSORED ADR 92857T107 $ 20,586,303 104,499
COLUMN TOTALS $ 75,805,453
</TABLE>
<TABLE>
<CAPTION>
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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>
Albertsons Inc X X
Comdisco Inc X X
Cable & Wireless Pub Ltd Co X X
El Paso Elec Co X X
Global Lt Telecommunications X X
Omnipoint Corp X X
Hallwood Realty Partners LP X X
Pulitzer Inc X X
Quantum Corp X X
Seagram Ltd X X
TCI Satellite Entmt Inc X X
Varlen Corp X X
Vodafone Group Plc X X
COLUMN TOTALS
</TABLE>
