[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: December 31, 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 January 14,1999
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
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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: 118829000
List of Other Included Managers:
No. 13F File Number Name
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<TABLE> <C> <C>
Lehrer Management Company
FORM 13F
December 31, 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
288256713.9997SH Sole 56713.9997
D A X A FINANCIAL INC COM 002451102
97928800.0000SH Sole 28800.0000
D ABBOTT LABORATORIES COM 002824100 2256200.0000
SH Sole 6200.0000
D ADAPTEC COM 00651F108
163832850.0000SH Sole 32850.0000
D ADVANTA A COM 007942105
51828400.0000SH Sole 28400.0000
D ALLSTATE INSURANCE COM 020002101
58424289.0000SH Sole 24289.0000
D ALLTEL CORP. COM 020039103 2422930.0000
SH Sole 2930.0000
D AMBAC INC. COM 023139108
72713935.0000SH Sole 13935.0000
D AMERICAN ELECTRIC POWER COM 025537101
37311600.0000SH Sole 11600.0000
D AMERICAN GEN CORP COM 026351106 4225561.0000
SH Sole 5561.0000
D AMERICAN HOME PRODUCTS COM 026609107 2386076.0000
SH Sole 6076.0000
D ANALOG DEVICES, INC. COM 032654105 2793000.0000
SH Sole 3000.0000
D APPLIED MATERIALS COM 038222105 3032391.0000
SH Sole 2391.0000
D ATLANTIC RICHFIELD CO. COM 048825103
314836395.0000SH Sole 36395.0000
D ATMEL CORP. COM 049513104
5510186400.0000SH Sole 186400.0000
D BAKER HUGHES INC. COM 057224107
30314400.0000SH Sole 14400.0000
D BANC ONE CORP. COM 059438101
112635200.0000SH Sole 35200.0000
D BANK OF NEW YORK COM 064057102
101825452.1421SH Sole 25452.1421
D BANKAMERICA CORP. COM 066050105
110722054.0007SH Sole 22054.0007
D BELL ATLANTIC COM 077853109
122719926.0000SH Sole 19926.0000
D BELLSOUTH COM 079860102
155633240.0000SH Sole 33240.0000
D CABLETRON SYS INC COM 126920107
64324750.0000SH Sole 24750.0000
D CALLAWAY GOLF COM 131193104
74842300.0000SH Sole 42300.0000
D CAROLINA POWER & LIGHT COM 144141108 2809200.0000
SH Sole 9200.0000
D CENTRAL & SOUTHWEST COM 152357109
23411700.0000SH Sole 11700.0000
D CHASE MANHATTAN CORP. COM 16161A108
194525032.0000SH Sole 25032.0000
D CHEVRON CORP. COM 166751107 3724298.0009
SH Sole 4298.0009
D CIENA CORP. COM 171779101
220038260.0000SH Sole 38260.0000
D CIGNA CORP. COM 125509109 4155156.0007
SH Sole 5156.0007
D CISCO SYSTEMS COM 17275R102
278926032.0000SH Sole 26032.0000
D CITIGROUP INC./C COM 172967101
309655598.0000SH Sole 55598.0000
D COMERICA INC. COM 200340107 4529691.0000
SH Sole 9691.0000
D COMMUNITY BANK SYSTEMS COM 203607106
27311800.0000SH Sole 11800.0000
D COMPAQ COMPUTER COM 204493100
85631635.0000SH Sole 31635.0000
D CONSECO INC COM 208464107
18110147.0000SH Sole 10147.0000
D COREL CORP F COM 21868Q109
66944200.0000SH Sole 44200.0000
D DANA CORPORATION COM 235811106
42114050.0000SH Sole 14050.0000
D DIME BANCORP INC. COM 25429Q102
64342500.0000SH Sole 42500.0000
D DOMINION RESOURCES VA COM 257470104
194749600.0000SH Sole 49600.0000
D EASTMAN KODAK COM 277461109 2343525.0000
SH Sole 3525.0000
D ELECTRONICS FOR IMAGING COM 286082102
139524000.0000SH Sole 24000.0000
D EMC COM 268648102 2692460.0000
SH Sole 2460.0000
D EXTREME NETWORKS COM 30226D106 6788120.0000
SH Sole 8120.0000
D FAIRCHILD SEMICONDUCTOR COM 303726103
94331700.0000SH Sole 31700.0000
D FEDERAL NATIONAL MORTGAGE COM 313586109
85213645.0000SH Sole 13645.0000
D FEDERATED DEPARTMENT STORES COM 31410h101
60712005.0000SH Sole 12005.0000
D FILENES BASEMENT CORP COM 316866102
15125000.0000SH Sole 125000.0000
D FIRST SECURITY CORP. COM 336294104
51820296.0000SH Sole 20296.0000
D FIRST UNION CO. COM 337358105
126438366.0000SH Sole 38366.0000
D FLEETBOSTON FINANCIAL CORP. COM 339030108
50414487.0000SH Sole 14487.0000
D FORD MOTOR CORP. COM 345370100
65812345.0000SH Sole 12345.0000
D FRIEDE GOLDMAN HALTER COM 358430106
28441000.0000SH Sole 41000.0000
D GENERAL ELECTRIC COM 369604103 15389940.0000
SH Sole 9940.0000
D GENZYME COM 372917104
229050900.0000SH Sole 50900.0000
D GLOBAL CROSSING LIMITED COM G3921A100
69713940.0000SH Sole 13940.0000
D GLOBAL MARINE COM 379352404
84550800.0000SH Sole 50800.0000
D GREATER BAY BANCORP COM 391648102 4109552.0000
SH Sole 9552.0000
D GTE CORP. COM 362320103
220931309.0000SH Sole 31309.0000
D HALLIBURTON CO HOLDING CO COM 406216101
71017650.0000SH Sole 17650.0000
D HEWLETT-PACKARD CO. COM 428236103 2742410.0000
SH Sole 2410.0000
D HOUSEHOLD INTERNATIONAL COM 441815107 3589600.0000
SH Sole 9600.0000
D HUDSON UNITED BANCORP COM 444165104
57322400.0000SH Sole 22400.0000
D IMPERIAL BANCORP COM 452556103
2960122698.0000SH Sole 122698.0000
D INFORMIX COM 456779107
2671233500.0000SH Sole 233500.0000
D INTEL CORP. COM 458140100
94911527.0005SH Sole 11527.0005
D INTERNATIONAL BUSINESS MACHINE COM 459200101 6375902.0697
SH Sole 5902.0697
D KLA INSTRUMENTS COM 482480100 5114591.0000
SH Sole 4591.0000
D LEHMAN BROS HOLDING INC. COM 524908100
148217500.0000SH Sole 17500.0000
D LINCOLN NATIONAL CORP. COM 534187109
61615400.0000SH Sole 15400.0000
Lehrer Management Company
FORM 13F
December 31, 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 LUCENT TECHNOLOGIES COM 549463107 3094114.0000
SH Sole 4114.0000
D MBIA INC. COM 55262c100 5029500.0000
SH Sole 9500.0000
D MBNA COM 55262L100
169462150.0000SH Sole 62150.0000
D MCKESSON CORP COM 58155q103
116951974.0000SH Sole 51974.0000
D MEDIAONE GROUP COM 58440j104
110914443.0000SH Sole 14443.0000
D MERCK & CO. COM 589331107
76111320.0000SH Sole 11320.0000
D MERRILL LYNCH & COMPANY COM 590188108
92511100.0000SH Sole 11100.0000
D MGIC INVESTMENT COM 552848103
76212660.0000SH Sole 12660.0000
D MICROSOFT CORP. COM 594918104 4523875.0000
SH Sole 3875.0000
D MOTOROLA COM 620076109 2942000.0000
SH Sole 2000.0000
D NEIMAN MARCUS GROUP COM 640204202
161157650.0000SH Sole 57650.0000
D NEVADA FIRST BANK COM
12010000.0000SH Sole 10000.0000
D NEW ENGLAND ELECTRIC SYSTEMS COM 644001109
86916800.0000SH Sole 16800.0000
D NORTEL NETWORKS CORP COM 656569100
178317650.0000SH Sole 17650.0000
D NSTAR COM 67019E107 3548750.0000
SH Sole 8750.0000
D OFFICEMAX COM 67622m108
23443000.0000SH Sole 43000.0000
D ORACLE CORP. COM 68389X105
212818987.0000SH Sole 18987.0000
D PAIRGAIN TECHNOLOGIES COM 695934109
41129000.0000SH Sole 29000.0000
D PARAMETRIC TECHNOLOGIES COM 699173100
70526055.0000SH Sole 26055.0000
D PENNEY JC CO INC COM 708160106
46723400.0000SH Sole 23400.0000
D PMC-SIERRA COM 69344F106
268716758.0000SH Sole 16758.0000
D PNC BANK CORP. COM 693475105
206346360.0000SH Sole 46360.0000
D POLYCOM INC COM 73172K104 4146500.0000
SH Sole 6500.0000
D PRE-PAID LEGAL SERVICES COM 740065107
73930800.0000SH Sole 30800.0000
D PROCTER & GAMBLE COM 742718109 4073714.0009
SH Sole 3714.0009
D R & B FALCON CORP COM 74912E101
67851200.0000SH Sole 51200.0000
D RELIANT ENERGIES COM 75952J108
91239850.0000SH Sole 39850.0000
D REMEC COM 759543101
65325600.0000SH Sole 25600.0000
D REPUBLIC NEW YORK CORP. COM 760719104 3695120.0000
SH Sole 5120.0000
D RIGGS NATIONAL CORP. COM 766570105
18113700.0000SH Sole 13700.0000
D SAN JOSE NATIONAL BANK COM 784273104
63120700.0000SH Sole 20700.0000
D SBC COMMUNICATIONS COM 78387G103
283558144.0000SH Sole 58144.0000
D SCHERING PLOUGH CORP. COM 806605101
47211130.0000SH Sole 11130.0000
D SCOTTISH POWER ADS COM 81013T705 2087424.0000
SH Sole 7424.0000
D SEARS ROEBUCK & CO. COM 812387108
35711739.0000SH Sole 11739.0000
D SILICON VALLEY BANK COM 827064106
6253126318.0000SH Sole 126318.0000
D SJW CORP. COM 784305104 2281900.0000
SH Sole 1900.0000
D SOUTHERN CO./SO COM 842587107
39216700.0000SH Sole 16700.0000
D SYMANTEC CORP COM 871503108
191132600.0000SH Sole 32600.0000
D T C F FINANCIAL CORP COM 872275102
88335500.0000SH Sole 35500.0000
D TELEGLOBE INC./TGO COM 87941v100
32914481.0000SH Sole 14481.0000
D TEXAS UTILITIES COM 882848104
47113250.0000SH Sole 13250.0000
D TIDEWATER INC. COM 886423102
96526800.0000SH Sole 26800.0000
D TRANSOCEANIC SEDCO FOREX COM g90076103
88326200.0000SH Sole 26200.0000
D U.S. WEST INC NEW COM 91273h101
186625920.0000SH Sole 25920.0000
D USWEB CORP COM 917327108
86719500.0000SH Sole 19500.0000
D WARNER LAMBERT CO. COM 934488107 5386560.0000
SH Sole 6560.0000
D WILMINGTON TRUST CORP. COM 971807102 3096400.0000
SH Sole 6400.0000
D KRISTON MEDICAL INC. 25 25000
SH Sole 25000
D AMCAD FUND AMERICAN FUNDS 26013830.538
SH Sole 13830.538
D DFA INTERNATIONAL VALUE III 16411850.131
SH Sole 11850.131
D DFA US LARGE CAP VALUE III 20312627.361
SH Sole 12627.361
D PUTNAM INVESTORS A 746809102 28214719.756
SH Sole 14719.756
D SCHWAB VALUE ADVANTAGE MONEY F 808515605
789789123.820SH Sole 789123.820
D US LARGE STOCK FUND 912119104 14919177.821
SH Sole 19177.821
D VANGUARD INDEX TOT STK MKT 279 8396.375
SH Sole 8396.375
S REPORT SUMMARY 125 DATA RECORDS 118829
0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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