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Form 13F
Report for the Calendar Year or Quarter Ended DECEMBER 31 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 26TH day of
JANUARY , 1999.
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 Year Ended December 31, 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>
Amoco Corp COM 031905102 $ 23,600,000 400,000
Bandag Inc. CL A 059815308 $ 6,921,502 198,466
Berkshire Hathway Inc CL A 084670108 $ 12,180,000 174
Citigroup Inc CALL 172967901 $ 2,681,250 2,750
Coast Federal Litigation TR RT 19034Q110 $ 512,512 78,097
Crescent Oper Inc COM 22575M100 $ 265,637 57,435
DaimlerChrysler AG ORD D1668R123 $ 7,809,113 81,292
El Paso Elec Co COM 283677854 $ 14,580,606 1,666,355
Federal Home Loan Mortgage Corp CALL 313400901 $ 793,750 500
Federal Home Loan Mortgage Corp CALL 313400901 $ 1,062,500 500
Federal Home Loan Mortgage Corp COM 313400301 $ 7,088,125 110,000
First Union Real Estate Equity SH BEN INT 337400105 $ 762,795 132,660
Hallwood Realty Partners LP DEPOSIT UT NEW 40636T203 $ 856,800 14,400
MediaOne Group Inc COM 58440J104 $ 30,644,000 652,000
Montana Power Co COM 612085100 $ 10,169,938 179,800
Philip Morris Cos Inc COM 718154107 $ 31,981,250 595,000
Pulitzer Pubg Co COM 745771105 $ 15,817,725 182,600
RJR Nabisco Holdings Corp COM NEW 7496K876 $ 1,721,875 58,000
Safety-Kleen Corp New COM 78648R104 $ 14,643,430 1,036,703
Tele-Communications Inc COM TCI GRP A 87924V101 $ 11,095,688 200,600
US Can Corp COM 90328W105 $ 5,876,817 328,773
Young Broadcasting Inc CL A 987434107 $ 1,394,534 33,402
COLUMN TOTALS $ 202,459,847
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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>
Amoco Corp X X
Bandag Inc. X X
Berkshire Hathway Inc X X
Citigroup Inc X X
Coast Federal Litigation TR X X
Crescent Oper Inc X X
DaimlerChrysler AG X X
El Paso Elec Co X X
Federal Home Loan Mortgage Corp X X
Federal Home Loan Mortgage Corp X X
Federal Home Loan Mortgage Corp X X
First Union Real Estate Equity X X
Hallwood Realty Partners LP X X
MediaOne Group Inc X X
Montana Power Co X X
Philip Morris Cos Inc X X
Pulitzer Pubg Co X X
RJR Nabisco Holdings Corp X X
Safety-Kleen Corp New X X
Tele-Communications Inc X X
US Can Corp X X
Young Broadcasting Inc
COLUMN TOTALS
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