[TEXT]
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, 2000
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 April 26, 2000
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
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 125
Form 13F Information Table Value Total: 137273000
List of Other Included Managers:
No. 13F File Number Name
<PAGE>
<TABLE> <C> <C>
Lehrer Management Company, Inc.
FORM 13F
March 31, 2000
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
306054336.9997SH Sole 54336.9997
D A X A FINANCIAL INC COM 002451102
96927000.0000SH Sole 27000.0000
D ADAPTEC COM 00651F108
121131350.0000SH Sole 31350.0000
D ADVANTA A COM 007942105
53626400.0000SH Sole 26400.0000
D ALLSTATE INSURANCE COM 020002101
56123549.0000SH Sole 23549.0000
D AMBAC INC. COM 023139108
67213335.0000SH Sole 13335.0000
D AMERICAN ELECTRIC POWER COM 025537101
33711317.0000SH Sole 11317.0000
D AMERICAN GEN CORP COM 026351106 2845063.0000
SH Sole 5063.0000
D AMERICAN HOME PRODUCTS COM 026609107 2845276.0000
SH Sole 5276.0000
D ANALOG DEVICES, INC. COM 032654105 4836000.0000
SH Sole 6000.0000
D APPLIED MATERIALS COM 038222105 4624900.0000
SH Sole 4900.0000
D ARIBA INC COM 04033v104 16317780.0000
SH Sole 7780.0000
D ATLANTIC RICHFIELD CO. COM 048825103
300935395.0000SH Sole 35395.0000
D ATMEL CORP. COM 049513104
9313180400.0000SH Sole 180400.0000
D BAKER HUGHES INC. COM 057224107
38112600.0000SH Sole 12600.0000
D BANC ONE CORP. COM 06423a103
119834837.0000SH Sole 34837.0000
D BANK OF NEW YORK COM 064057102
103524902.9597SH Sole 24902.9597
D BANKAMERICA CORP. COM 060505104
113021554.0007SH Sole 21554.0007
D BELL ATLANTIC COM 077853109
118919458.0000SH Sole 19458.0000
D BELLSOUTH COM 079860102
154833014.0000SH Sole 33014.0000
D CABLETRON SYS INC COM 126920107
70723950.0000SH Sole 23950.0000
D CALLAWAY GOLF COM 131193104
50232400.0000SH Sole 32400.0000
D CAROLINA POWER & LIGHT COM 144141108 2898900.0000
SH Sole 8900.0000
D CENTRAL & SOUTHWEST COM 152357109
17310100.0000SH Sole 10100.0000
D CHASE MANHATTAN CORP. COM 16161A108
215624732.0000SH Sole 24732.0000
D CHEVRON CORP. COM 166751107 3974298.0009
SH Sole 4298.0009
D CIENA CORP. COM 171779101
497939480.0000SH Sole 39480.0000
D CIGNA CORP. COM 125509109 3915156.0007
SH Sole 5156.0007
D CISCO SYSTEMS COM 17275R102
320641464.0000SH Sole 41464.0000
D CITIGROUP INC./C COM 172967101
332055448.0000SH Sole 55448.0000
D COMERICA INC. COM 200340107 4069691.0000
SH Sole 9691.0000
D COMMUNITY BANK SYSTEMS COM 203607106
26911800.0000SH Sole 11800.0000
D COMPAQ COMPUTER COM 204493100
81730535.0000SH Sole 30535.0000
D COREL CORP F COM 21868Q109
43542700.0000SH Sole 42700.0000
D CORSAIR COMMUNICATIONS COM 220406102
49325800.0000SH Sole 25800.0000
D DANA CORPORATION COM 235811106
37513300.0000SH Sole 13300.0000
D DIME BANCORP INC. COM 25429Q102
74940500.0000SH Sole 40500.0000
D DOMINION RESOURCES VA COM 25746u109
125532647.0000SH Sole 32647.0000
D ELECTRONICS FOR IMAGING COM 286082102
138623100.0000SH Sole 23100.0000
D EMC COM 268648102 3102460.0000
SH Sole 2460.0000
D EXTREME NETWORKS COM 30226D106 6978820.0000
SH Sole 8820.0000
D FAIRCHILD SEMICONDUCTOR COM 303726103
111730600.0000SH Sole 30600.0000
D FEDERAL NATIONAL MORTGAGE COM 313586109
80314195.0000SH Sole 14195.0000
D FEDERATED DEPARTMENT STORES COM 31410h101
48011350.0000SH Sole 11350.0000
D FIRST SECURITY CORP. COM 336294104
22518754.0000SH Sole 18754.0000
D FIRST UNION CO. COM 337358105
135136266.0000SH Sole 36266.0000
D FLEETBOSTON FINANCIAL CORP. COM 339030108
51414087.0000SH Sole 14087.0000
D FORD MOTOR CORP. COM 345370100
51711245.0000SH Sole 11245.0000
D FRIEDE GOLDMAN HALTER COM 358430106
27439800.0000SH Sole 39800.0000
D GBC BANCORP. COM 361475106 2048786.0000
SH Sole 8786.0000
D GENERAL ELECTRIC COM 369604103
157010090.0000SH Sole 10090.0000
D GENZYME COM 372917104
250650000.0000SH Sole 50000.0000
D GLOBAL CROSSING LIMITED COM G3921A100
57113940.0000SH Sole 13940.0000
D GLOBAL MARINE COM 379352404
125149300.0000SH Sole 49300.0000
D GREATER BAY BANCORP COM 391648102 3849552.0000
SH Sole 9552.0000
D GTE CORP. COM 362320103
213830109.0000SH Sole 30109.0000
D HALLIBURTON CO HOLDING CO COM 406216101
73417850.0000SH Sole 17850.0000
D HEWLETT-PACKARD CO. COM 428236103 2662010.0000
SH Sole 2010.0000
D HOUSEHOLD INTERNATIONAL COM 441815107 3589600.0000
SH Sole 9600.0000
D HUDSON UNITED BANCORP COM 444165104
46321329.0000SH Sole 21329.0000
D IMPERIAL BANCORP COM 452556103
4038130248.0000SH Sole 130248.0000
D INFORMIX COM 456779107
3815225250.0000SH Sole 225250.0000
D INTEL CORP. COM 458140100
143010837.0005SH Sole 10837.0005
D INTERNATIONAL BUSINESS MACHINE COM 459200101 6155202.0697
SH Sole 5202.0697
D INTERSIL HOLDING CORPORATION COM 46069s109
140527175.0000SH Sole 27175.0000
D KLA INSTRUMENTS COM 482480100 5466476.0000
SH Sole 6476.0000
D LEGATO SYSTEM INC COM 524651106
180140350.0000SH Sole 40350.0000
D LEHMAN BROS HOLDING INC. COM 524908100
166817200.0000SH Sole 17200.0000
D LIGHTPATH TECHNOLOGIES INC COM 532257102
54412050.0000SH Sole 12050.0000
Lehrer Management Company,
Inc.
FORM 13F
March 31, 2000
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 LINCOLN NATIONAL CORP. COM 534187109
45613600.0000SH Sole 13600.0000
D LUCENT TECHNOLOGIES COM 549463107
153824804.0000SH Sole 24804.0000
D MARCHFIRST, INC COM 566244109
55815634.0000SH Sole 15634.0000
D MBIA INC. COM 55262c100 5009600.0000
SH Sole 9600.0000
D MBNA COM 55262L100
158562150.0000SH Sole 62150.0000
D MCKESSON CORP COM 58155q103
105550224.0000SH Sole 50224.0000
D MEDIAONE GROUP COM 58440j104
117014443.0000SH Sole 14443.0000
D MERCK & CO. COM 589331107
68811070.0000SH Sole 11070.0000
D MERRILL LYNCH & COMPANY COM 590188108
111310600.0000SH Sole 10600.0000
D MGIC INVESTMENT COM 552848103
48211060.0000SH Sole 11060.0000
D MICROSOFT CORP. COM 594918104 2091967.0000
SH Sole 1967.0000
D MOTOROLA COM 620076109 3262230.0000
SH Sole 2230.0000
D NEIMAN MARCUS GROUP COM 640204202
132747700.0000SH Sole 47700.0000
D NEVADA FIRST BANK COM
12010000.0000SH Sole 10000.0000
D NORTEL NETWORKS CORP COM 656569100
234018575.0000SH Sole 18575.0000
D NSTAR COM 67019E107 3678750.0000
SH Sole 8750.0000
D OFFICEMAX COM 67622m108
26440600.0000SH Sole 40600.0000
D ORACLE CORP. COM 68389x105
286736724.0000SH Sole 36724.0000
D PARAMETRIC TECHNOLOGIES COM 699173100
53325315.0000SH Sole 25315.0000
D PENNEY JC CO INC COM 708160106
31221000.0000SH Sole 21000.0000
D PMC-SIERRA COM 69344F106
691633952.0000SH Sole 33952.0000
D PNC FINANCIAL SERVICES GROUP COM 693475105
204745435.0000SH Sole 45435.0000
D POLYCOM INC COM 73172K104 3824820.0000
SH Sole 4820.0000
D PRE-PAID LEGAL SERVICES COM 740065107
80527100.0000SH Sole 27100.0000
D PROCTER & GAMBLE COM 742718109 2113714.0009
SH Sole 3714.0009
D R & B FALCON CORP COM 74912E101
98850200.0000SH Sole 50200.0000
D RELIANT ENERGIES COM 75952J108
83635500.0000SH Sole 35500.0000
D REMEC COM 759543101
125724900.0000SH Sole 24900.0000
D RIGGS NATIONAL CORP. COM 766570105
16713700.0000SH Sole 13700.0000
D SAN JOSE NATIONAL BANK COM 784273104
48817900.0000SH Sole 17900.0000
D SBC COMMUNICATIONS COM 78387G103
236256081.0000SH Sole 56081.0000
D SCHERING PLOUGH CORP. COM 806605101 3108330.0000
SH Sole 8330.0000
D SCOTTISH POWER ADS COM 81013T705 2327308.0000
SH Sole 7308.0000
D SEARS ROEBUCK & CO. COM 812387108
34411239.0000SH Sole 11239.0000
D SILICON VALLEY BANK COM 827064106
596482980.0000SH Sole 82980.0000
D SJW CORP. COM 784305104 2111800.0000
SH Sole 1800.0000
D SOUTHERN CO./SO COM 842587107
36516800.0000SH Sole 16800.0000
D SYMANTEC CORP COM 871503108
234431200.0000SH Sole 31200.0000
D T C F FINANCIAL CORP COM 872275102
82934800.0000SH Sole 34800.0000
D TELEGLOBE INC./TGO COM 87941v100
39314281.0000SH Sole 14281.0000
D TEXAS INSTRUMENTS COM 882508104 2881800.0000
SH Sole 1800.0000
D TEXAS UTILITIES COM 882848104
69323350.0000SH Sole 23350.0000
D THREE COM COM 885535104 2213970.0000
SH Sole 3970.0000
D TIDEWATER INC. COM 886423102
80225200.0000SH Sole 25200.0000
D TRANSOCEAN SEDCO FOREX COM g90078109
124224200.0000SH Sole 24200.0000
D U.S. WEST INC NEW COM 91273h101
185325520.0000SH Sole 25520.0000
D UNUM CORP COM 915294106
18611000.0000SH Sole 11000.0000
D WARNER LAMBERT CO. COM 934488107 6066200.0000
SH Sole 6200.0000
D WILMINGTON TRUST CORP. COM 971807102 3116400.0000
SH Sole 6400.0000
D KRISTON MEDICAL INC. 25 25000
SH Sole 25000
D AMCAD FUND AMERICAN FUNDS 23811783.758
SH Sole 11783.758
D DFA INTERNATIONAL VALUE III 15611850.131
SH Sole 11850.131
D DFA US LARGE CAP VALUE III 16010357.231
SH Sole 10357.231
D MFS MASSACHUSETTS INV GRTH A 201 9049.895
SH Sole 9049.895
D PUTNAM INVESTORS A 746809102 29114719.756
SH Sole 14719.756
D SCHWAB VALUE ADVANTAGE MONEY F 808515605
550550035.410SH Sole 550035.410
S REPORT SUMMARY 125 DATA RECORDS 137273
0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
