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
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.):[ ]is a restatement.
[ ]adds new holdings entries.
Institutional Investment Manger Filing this Report:
Name: Beach Investment Counsel, Inc.
Address: 3 Radnor Corporate Center
Suite 410
Radnor, PA 19087
13F File Number: 28-7070
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: Patricia A. Hino
Title: Operations and Compliance Manager
Phone: 610-225-1100
Signature, Place, and Date of Signing:
Patricia A. Hino Radnor, PA April 1, 1999
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Mangers: 0
Form 13F Information Table Entry Total: 75
Form 13F Information Table Value Total: 221,043,000
List of Other Included Managers: NONE
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FORM 13F INFORMATION TABLE
TITLE OF VALUE SHARES/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT DISCRETION MANAGERS NONE
- ---------------------------------------------------------------------------------------------------------
ABBOTT LABS COM 002824100 1,592 34000 SOLE 34000
AC NEILSON COM 004833109 678 25000 SOLE 25000
AEGON NV ORD AMER COM 007924103 234 2606 SOLE 2606
REG
AES CORP COM 00130H105 1,319 35400 SOLE 35400
AIRTOUGH COM 00949T100 686 7100 SOLE 7100
COMMUNICATIONS INC
ALLSTATE CORP COM 020002101 344 9270 SOLE 9270
AMEREN CORP COM 023608102 335 9270 SOLE 9270
AMERICAN GENERAL COM 026351106 1,438 20400 SOLE 20400
CORP
AMERICAN HOME COM 026609107 1,566 24000 SOLE 24000
PRODUCTS CORP
AMERICAN INTL GROUP COM 026874107 2,793 23154 SOLE 23154
AMERICAN NATIONAL COM 028591105 1,568 23450 SOLE 23450
INSURANCE CO. TEXAS
ANHEUSER BUSCH COS COM 035229103 1,218 16000 SOLE 16000
INC.
AUTOMATIC DATA COM 053015103 828 20000 SOLE 20000
PROCESS
AVISTA CORP COM 05379B107 175 10792 SOLE 10792
BANK AMERICA COM 06605F102 6,075 86009 SOLE 86009
BERKSHIRE HATHAWAY COM 084670207 2 1 SOLE 1
CLASS B
BP AMOCO PLC SPNOS COM 055622104 935 9261 SOLE 9261
ADR
BRISTOL MYERS SQUIBB COM 110122108 7,973 124340 SOLE 124340
BUILDING ONE COM 120114103 662 38500 SOLE 38500
SERVICES CORP
CAMBRIDGE COM 132524109 312 22500 SOLE 22500
TECHNOLOGY PARTNERS
CHESAPEAKE UTILITIES COM 165303108 360 22434 SOLE 22434
CORP
CHEVRON CORPORATION COM 166751107 4,473 50400 SOLE 50400
CHARTER ONE FINANCIALCOM 160903100 4,924 170623 SOLE 170623
CILCORP INC COM 171794100 832 13850 SOLE 13850
CISCO SYSTEMS INC COM 17275R102 462 4219 SOLE 4219
CITIGROUP COM 172967101 1,859 29100 SOLE 29100
COCA COLA CO COM 191216100 4,523 73692 SOLE 73692
COLGATE PALMOLIVE COM 194162103 1,552 15787 SOLE 15787
COSTCO COMPANIES COM 22160Q102 2,811 30700 SOLE 30700
CROWN CORK & SEAL COM 228255105 608 21300 SOLE 21300
INC
DANA CORP COM 235811106 593 15610 SOLE 15610
DILLARD INC CALSS A COM 254067101 272 10700 SOLE 10700
DU PONT EI DE COM 263534109 1,690 29100 SOLE 29100
NEMOURS
DUN & BRADSTREET COM 264830100 3,010 84500 SOLE 84500
CORP
EXXON CORP COM 302290101 529 7500 SOLE 7500
ESTE LAUDER COM 518439104 4,902 51877 SOLE 51877
FIRST UNION CORP COM 337358105 1,603 30000 SOLE 30000
FPL GROUP INC COM 302571104 3,067 57598 SOLE 57598
GANNETT INC COM 364730101 636 10100 SOLE 10100
GENERAL ELECTRIC CO COM 369604103 15,111 136598 SOLE 136598
GILLETTE CO COM 375766102 9,832 165418 SOLE 165418
GLOBALSTAR COM G3930H104 1,293 93200 SOLE 93200
TELECOMMUNICATIONS
HEWLETT PACKARD CO COM 428236103 1,366 20150 SOLE 20150
IMS HEALTH INC COM 449934108 8,053 243100 SOLE 243100
INTEL CORP COM 458140100 476 4000 SOLE 4000
IPALCO ENTERPRISES COM 462613100 397 18108 SOLE 18108
INC
JOHNSON & JOHNSON COM 478160104 7,344 78541 SOLE 78541
LILLY ELI & CO COM 532457108 679 8000 SOLE 8000
LUCENT TECHNOLOGIES COM 549463107 319 2956 SOLE 2956
MARRIOTT INTL COM 571903202 6,164 183310 SOLE 183310
MERCK & CO INC COM 589331107 31,975 399064 SOLE 399064
MINNESOTA MNG & MFG COM 604059105 1,286 18180 SOLE 18180
CO
MOBIL CORP COM 607059102 7,501 85234 SOLE 85234
MONSANTO CO COM 611662107 919 20000 SOLE 20000
MONTANA POWER CO COM 612085100 596 8100 SOLE 8100
MORGAN JP & CO INC COM 616880100 1,600 12971 SOLE 12971
NIELSON MEDIA COM 653929307 1,000 40516 SOLE 40516
RESEARCH
PEPSICO INC COM 713448108 3,460 88300 SOLE 88300
PFIZER INC COM 717081103 5,055 36431 SOLE 36431
PIMCO ADVISORS COM 69338P102 14,423 458788 SOLE 458788
HOLDINGS
PNC BANK CORP COM 693475105 622 11200 SOLE 11200
PROCTER & GAMBLE CO COM 742718109 5,130 52376 SOLE 52376
PROVIDIAN COM 744061102 495 4500 SOLE 4500
RELIANT ENERGY INC. COM 75952J108 422 16200 SOLE 16000
RH DONNELLY COM 74955W307 261 16900 SOLE 16900
SARA LEE CORP COM 803111103 421 17000 SOLE 17000
SBC COMMUNICATIONS COM 78387G103 440 9316 SOLE 9316
SCHERING PLOUGH CORP COM 806605101 1,844 33372 SOLE 33372
SCHLUMBERGER LTD COM 806857108 4,414 73334 SOLE 73334
SEARS ROEBUCK & CO COM 812387108 352 7780 SOLE 7780
SUNTRUST BANKS INC COM 867914103 11,602 186375 SOLE 186375
TEXACO INC COM 881694103 2,347 41368 SOLE 41368
TEXAS UTILITIES CO COM 882848104 1,573 37464 SOLE 37464
UNITED TECHNOLOGIES COM 913017109 1,002 7400 SOLE 7400
CORP
CO
XEROX CORP COM 984121103 1,830 35100 SOLE 35100
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