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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: 9/30/99
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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 10/28/99
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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 13F Information Table Entry Total: 21
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Form 13F Information Table Value Total: 70,681
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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 13F File Number Name
28-
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[Repeat as necessary.]
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REPORT FOR THE CALANDER QUARTER ENDED SEPTEMBER 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>
Amsouth Bancorporation COM 032165102 $ 351,563 15,000
Cable & Wireless Pub Ltd Co SPONSORED ADR 126830207 $ 3,647,063 110,100
Comdisco Inc COM 200336105 $ 4,542,300 235,200
Conoco Inc CL B 208251405 $ 5,475,000 200,000
Dun & Bradstreet Corp COM 26483B106 $ 3,853,875 129,000
El Paso Elec Co COM 283677854 $ 6,054,795 672,755
Flowers Inds Inc COM 343496105 $ 1,943,506 143,300
Global Lt Telecommunications COM 37934X100 $ 4,597,619 451,300
Mattel Inc COM 577081102 $ 475,000 25,000
MCI Worldcom Inc COM 55268B106 $ 7,181,250 100,000
MediaOne Group Inc COM 58440J104 $ 3,757,188 55,000
Microcell Telecommunications CL B NON VTG 59501T304 $ 1,609,375 125,000
Nielsen Media Resh Inc COM NEW 653929307 $ 2,223,475 58,900
Omnipoint Corp COM 68212D102 $ 3,337,500 60,000
Price Communications Corp COM NEW 741437305 $ 4,197,292 167,473
Pulitzer Inc COM 745769109 $ 2,249,156 49,500
Saks Inc COM 79377W108 $ 2,293,313 151,000
SFX Entmt Inc CL A 784178105 $ 3,149,217 103,253
Sprint Corp COM FON GROUP 852061100 $ 6,781,250 125,000
TCI Satellite Entmt Inc CL A 872298104 $ 1,158,594 296,600
United Global Com CL A 913247508 $ 1,803,125 25,000
COLUMN TOTALS $ 70,681,456
</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>
Amsouth Bancorporation X X
Cable & Wireless Pub Ltd Co X X
Comdisco Inc X X
Conoco Inc X X
Dun & Bradstreet Corp X X
El Paso Elec Co X X
Flowers Inds Inc X X
Global Lt Telecommunications X X
Mattel Inc X X
MCI Worldcom Inc X X
MediaOne Group Inc X X
Microcell Telecommunications X X
Nielsen Media Resh Inc X X
Omnipoint Corp X X
Price Communications Corp X X
Pulitzer Inc X X
Saks Inc X X
SFX Entmt Inc X X
Sprint Corp X X
TCI Satellite Entmt Inc X X
United Global Com X X
COLUMN TOTALS
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