UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 1999
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: Lehrer Management Company, Inc.
Address: 20370 Town Center Lane,
Suite 140
Cupertino, CA, 95014
13F File Number: 28-7082
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: Norman H. Lehrer
Title: President
Phone: 408-996-3369
Signature, Place, and Date of Signing:
Norman H. Lehrer Cupertino, California July 20,1999
Report Type (Check only one.) :
[ X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager: 0
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 114
Form 13F Information Table Value Total: 94140000
List of Other Included Managers:
No. 13F File Number Name
<PAGE>
<TABLE> <C> <C>
Lehrer Management Company
FORM 13F
September 30, 1999
Voting Authority
--------------------------
Value Shares/
Sh/ Put/ Invstmt
Name of Issuer Title of class CUSIP (x$1000) Prn Amt
Prn Call Dscretn Managers Sole Shared None
------------------------------ ---------------- --------- -------- -------
- --- ---- ------- ---------- -------- -------- --------
D A T & T CORP. COM 001957109
217449973.9997SH Sole 49973.9997
D A X A FINANCIAL INC COM 002451102
79314200.0000SH Sole 14200.0000
D ABBOTT LABORATORIES COM 002824100 2276200.0000
SH Sole 6200.0000
D ADAPTEC COM 00651F108
133233550.0000SH Sole 33550.0000
D ADVANTA A COM 007942105
43329600.0000SH Sole 29600.0000
D AEGON NV ORD REG COM 007924103 2853300.0000
SH Sole 3300.0000
D ALLEGHANY POWER COM 017361106 2297200.0000
SH Sole 7200.0000
D ALLSTATE INSURANCE COM 020002101
58523464.0000SH Sole 23464.0000
D ALLTEL CORP. COM 020039103 2243184.0000
SH Sole 3184.0000
D AMBAC INC. COM 023139108
69214600.0000SH Sole 14600.0000
D AMERICAN ELECTRIC POWER COM 025537101
45413300.0000SH Sole 13300.0000
D AMERICAN GEN CORP COM 026351106 3525561.0000
SH Sole 5561.0000
D AMERICAN HOME PRODUCTS COM 026609107 1643960.0000
SH Sole 3960.0000
D ASSOCIATES FIRST CAPITAL A COM 046008108 2276292.0000
SH Sole 6292.0000
D ATLANTIC RICHFIELD CO. COM 048825103
313735395.0000SH Sole 35395.0000
D ATMEL CORP. COM 049513104
314192900.0000SH Sole 92900.0000
D BAKER HUGHES INC. COM 057224107
36212500.0000SH Sole 12500.0000
D BANC ONE CORP. COM 059438101
119734384.0000SH Sole 34384.0000
D BANK OF NEW YORK COM 064057102
86625900.0000SH Sole 25900.0000
D BANKAMERICA CORP. COM 066050105
121721854.0007SH Sole 21854.0007
D BELL ATLANTIC COM 077853109
112816752.0000SH Sole 16752.0000
D BELLSOUTH COM 079860102
143131792.0000SH Sole 31792.0000
D CALLAWAY GOLF COM 131193104
55845800.0000SH Sole 45800.0000
D CAROLINA POWER & LIGHT COM 144141108 3259200.0000
SH Sole 9200.0000
D CENTRAL & SOUTHWEST COM 152357109
27312900.0000SH Sole 12900.0000
D CHASE MANHATTAN CORP. COM 16161A108
182624232.0000SH Sole 24232.0000
D CHEVRON CORP. COM 166751107 1601798.0009
SH Sole 1798.0009
D CIENA CORP. COM 171779101 2777600.0000
SH Sole 7600.0000
D CIGNA CORP. COM 125509109 3975101.0007
SH Sole 5101.0007
D CISCO SYSTEMS COM 17275R102
156922880.0000SH Sole 22880.0000
D CITIGROUP INC./C COM 172967101
241154789.0000SH Sole 54789.0000
D COMERICA INC. COM 200340107 4919691.0000
SH Sole 9691.0000
D COMMUNITY BANK SYSTEMS COM 203607106
32311800.0000SH Sole 11800.0000
D COMPAQ COMPUTER COM 204493100
58425550.0000SH Sole 25550.0000
D CONSECO INC COM 208464107
19910450.0000SH Sole 10450.0000
D COREL CORP F COM 21868Q109
25935000.0000SH Sole 35000.0000
D DANA CORPORATION COM 235811106
52014000.0000SH Sole 14000.0000
D DIME BANCORP INC. COM 25429Q102
74442500.0000SH Sole 42500.0000
D DOMINION RESOURCES VA COM 257470104
228650650.0000SH Sole 50650.0000
D EASTMAN KODAK COM 277461109 2843756.0000
SH Sole 3756.0000
D ELECTRONICS FOR IMAGING COM 286082102
125924500.0000SH Sole 24500.0000
D FAIRCHILD SEMICONDUCTOR COM 303726103
63226600.0000SH Sole 26600.0000
D FEDERAL NATIONAL MORTGAGE COM 313586109
85313600.0000SH Sole 13600.0000
D FEDERATED DEPARTMENT STORES COM 31410h101
54212400.0000SH Sole 12400.0000
D FILENES BASEMENT CORP COM 316866102
140155000.0000SH Sole 155000.0000
D FIRST SECURITY CORP. COM 336294104
48320296.0000SH Sole 20296.0000
D FIRST UNION CO. COM 337358105
127135666.0000SH Sole 35666.0000
D FLEET FINANCIAL GROUP NEW COM 338915101
52014200.0000SH Sole 14200.0000
D FLORIDA PROGRESS CORP. COM 341109106 2244850.0000
SH Sole 4850.0000
D FORD MOTOR CORP. COM 345370100
61712270.0000SH Sole 12270.0000
D FRIEDE GOLDMAN INTERNATIONAL COM 358430106
37937400.0000SH Sole 37400.0000
D GENERAL ELECTRIC COM 369604103 10799103.0000
SH Sole 9103.0000
D GENZYME COM 372917104
231251300.0000SH Sole 51300.0000
D GLOBAL CROSSING LIMITED COM G3921A100 2178200.0000
SH Sole 8200.0000
D GLOBAL MARINE COM 379352404
84051100.0000SH Sole 51100.0000
D GREATER BAY BANCORP COM 391648102 3249552.0000
SH Sole 9552.0000
D GTE CORP. COM 362320103
242131494.0000SH Sole 31494.0000
D HALLIBURTON CO HOLDING CO COM 406216101
65215900.0000SH Sole 15900.0000
D HEWLETT-PACKARD CO. COM 428236103 1451600.0000
SH Sole 1600.0000
D HOUSEHOLD INTERNATIONAL COM 441815107 3859600.0000
SH Sole 9600.0000
D HUDSON UNITED BANCORP COM 444165104
69722627.0000SH Sole 22627.0000
D IMPERIAL BANCORP COM 452556103
2593122028.0000SH Sole 122028.0000
D INFORMIX COM 456779107
1768222700.0000SH Sole 222700.0000
D INTEL CORP. COM 458140100 6839192.0005
SH Sole 9192.0005
D INTERNATIONAL BUSINESS MACHINE COM 459200101 7386102.0697
SH Sole 6102.0697
D KLA INSTRUMENTS COM 482480100 901391.0000
SH Sole 1391.0000
D LEHMAN BROS HOLDING INC. COM 524908100
101617400.0000SH Sole 17400.0000
D LINCOLN NATIONAL CORP. COM 534187109
59315800.0000SH Sole 15800.0000
D LUCENT TECHNOLOGIES COM 549463107 14 218.0000
SH Sole 218.0000
Lehrer Management Company
FORM 13F
September 30, 1999
Voting Authority
--------------------------
Value Shares/
Sh/ Put/ Invstmt
Name of Issuer Title of class CUSIP (x$1000) Prn Amt
Prn Call Dscretn Managers Sole Shared None
------------------------------ ---------------- --------- -------- -------
- --- ---- ------- ---------- -------- -------- --------
D MBIA INC. COM 55262c100 4389400.0000
SH Sole 9400.0000
D MBNA COM 55262L100
141862150.0000SH Sole 62150.0000
D MCKESSON CORP COM 58155q103
134646400.0000SH Sole 46400.0000
D MEDIAONE GROUP COM 58440j104
97114208.0000SH Sole 14208.0000
D MERCK & CO. COM 589331107
65110040.0000SH Sole 10040.0000
D MERRILL LYNCH & COMPANY COM 590188108
74111000.0000SH Sole 11000.0000
D MGIC INVESTMENT COM 552848103
61112800.0000SH Sole 12800.0000
D MICROSOFT CORP. COM 594918104 1271404.0000
SH Sole 1404.0000
D NEIMAN-MARCUS GROUP COM 640204103
144962000.0000SH Sole 62000.0000
D NEVADA FIRST BANK COM
?10000.0000SH Sole 10000.0000
D NEW ENGLAND ELECTRIC SYSTEMS COM 644001109
94418200.0000SH Sole 18200.0000
D NSTAR COM 67019E107 3709550.0000
SH Sole 9550.0000
D OFFICEMAX COM 67622m108
25143200.0000SH Sole 43200.0000
D ORACLE CORP. COM 68389X105
94720805.0000SH Sole 20805.0000
D PACIFICORP COM 695114108
25812800.0000SH Sole 12800.0000
D PAIRGAIN TECHNOLOGIES COM 695934109
35728000.0000SH Sole 28000.0000
D PENNEY JC CO INC COM 708160106
70420400.0000SH Sole 20400.0000
D PMC-SIERRA COM 69344F106
155016758.0000SH Sole 16758.0000
D PNC BANK CORP. COM 693475105
245946675.0000SH Sole 46675.0000
D PRE-PAID LEGAL SERVICES COM 740065107
112628600.0000SH Sole 28600.0000
D PROCTER & GAMBLE COM 742718109 2993184.0009
SH Sole 3184.0009
D R & B FALCON CORP COM 74912E101
55041900.0000SH Sole 41900.0000
D RELIANT ENERGIES COM 75952J108
112741650.0000SH Sole 41650.0000
D REPUBLIC NEW YORK CORP. COM 760719104 3155120.0000
SH Sole 5120.0000
D RIGGS NATIONAL CORP. COM 766570105
23113700.0000SH Sole 13700.0000
D SAN JOSE NATIONAL BANK COM 784273104
64720700.0000SH Sole 20700.0000
D SBC COMMUNICATIONS COM 78387G103
264551801.0000SH Sole 51801.0000
D SCHERING PLOUGH CORP. COM 806605101
48011000.0000SH Sole 11000.0000
D SEARS ROEBUCK & CO. COM 812387108
36811739.0000SH Sole 11739.0000
D SILICON VALLEY BANK COM 827064106
3006124618.0000SH Sole 124618.0000
D SOUTHERN CO./SO COM 842587107
41216000.0000SH Sole 16000.0000
D SYMANTEC CORP COM 871503108
107930000.0000SH Sole 30000.0000
D T C F FINANCIAL CORP COM 872275102
104536600.0000SH Sole 36600.0000
D TELEGLOBE INC./TGO COM 87941v100
23315084.0000SH Sole 15084.0000
D TEXAS UTILITIES COM 882848104
42211300.0000SH Sole 11300.0000
D TIDEWATER INC. COM 886423102
69127100.0000SH Sole 27100.0000
D TRANSOCEANIC OFFSHORE COM g90076103
72623700.0000SH Sole 23700.0000
D U.S. WEST INC NEW COM 91273h101
150526367.0000SH Sole 26367.0000
D USWEB CORP COM 917327108
64518800.0000SH Sole 18800.0000
D WARNER LAMBERT CO. COM 934488107 4226360.0000
SH Sole 6360.0000
D WILMINGTON TRUST CORP. COM 971807102 3256700.0000
SH Sole 6700.0000
D KRISTON MEDICAL INC. ? 25000
SH Sole 25000
D FIDELITY GROWTH & INCOME PORTF 316389204 265 6137.936
SH Sole 6137.936
D PUTNAM INVESTORS A 746809102 22714719.756
SH Sole 14719.756
D SCHWAB VALUE ADVANTAGE MONEY F 808515605
362361939.460SH Sole 361939.460
S REPORT SUMMARY 114 DATA RECORDS 94140
0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
