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 Manager filing this Report:
Name: Preservation Capital Management
Address: 1044 Main Street, Suite 500
Kansas City, MO 64105
Form 13F File Number: 28-7238
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: David L. Sederholm
Title: President
Phone: 816-474-7737
Signature, Place, and Date of Signing:
David L. Sederholm Kansas City, Missouri May 4, 1999
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT. (Check here if all holdings of this
reporting manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings are reported in this
report, and all holdings are reported by other reporting
manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the
holdings for this reporting manager are reported in this
report and a portion are reported by other reporting
manager(s).)
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES AND
EXCHANGE ACT OF 1934.
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 75
Form 13F Information Table Value Total: $85696
(thousands)
List of Other Included Managers:
None
<PAGE>
<TABLE>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Airborne Freight COM 009266107 310 9990 SH SOLE 9990
Alaska Air COM 011659109 425 8950 SH SOLE 8950
American Bankers Insurance Gro COM 024456105 988 19000 SH SOLE 19000
American International Group, COM 026874107 1941 16091 SH SOLE 16091
Amgen Inc. COM 031162100 1234 16486 SH SOLE 16486
Arvin Industries COM 043339100 1106 32830 SH SOLE 32830
Bank One Corporation COM 06423A103 1101 19987 SH SOLE 19987
BankAmerica Corp. COM 06605F102 449 6353 SH SOLE 6353
BankBoston Corp. COM 06605R106 1426 32930 SH SOLE 32930
Bergen Brunswig Corp. Cl A COM 083739102 448 22424 SH SOLE 22424
Boeing Co. COM 097023105 1536 45190 SH SOLE 45190
CSG Systems Intl. Inc. COM 126349109 3376 85600 SH SOLE 85600
Capital One Financial Corp. COM 14040H105 755 5000 SH SOLE 5000
Carnival Corporation Cl A COM 143658102 3459 71228 SH SOLE 71228
Century Telephone COM 156686107 638 9075 SH SOLE 9075
Cigna COM 125509109 226 2700 SH SOLE 2700
Citigroup COM 172967101 2060 32250 SH SOLE 32250
Colgate Palmolive Co. COM 194162103 699 7600 SH SOLE 7600
Comdisco Inc. COM 200336105 1102 61650 SH SOLE 61650
Conseco, Inc. COM 208464107 3649 118190 SH SOLE 118190
Countrywide Credit Inds. Inc. COM 222372104 1403 37400 SH SOLE 37400
Deere & Co. COM 244199105 1143 29600 SH SOLE 29600
Dell Computer Corp. COM 247025109 818 20020 SH SOLE 20020
Enron Corp. COM 293561106 1089 16942 SH SOLE 16942
Fannie Mae COM 313586109 1131 16330 SH SOLE 16330
Federated Dept. Stores COM 31410H101 403 10050 SH SOLE 10050
Ford Motor Co. COM 345370100 260 4579 SH SOLE 4579
Fremont General Corp. COM 357288109 258 13530 SH SOLE 13530
General Electric Co. COM 369604103 3662 33100 SH SOLE 33100
Global Marine Inc. COM 379352404 270 22950 SH SOLE 22950
Golden West Financial Corp. COM 381317106 449 4700 SH SOLE 4700
Graco COM 384109104 203 9200 SH SOLE 9200
Hartford Finl. Services Group COM 416515104 841 14800 SH SOLE 14800
Honeywell Inc. COM 438506107 716 9440 SH SOLE 9440
Hughes Supply Inc. COM 444482103 328 14400 SH SOLE 14400
Intel Corp. COM 458140100 2206 18555 SH SOLE 18555
Johnson & Johnson COM 478160104 1764 18862 SH SOLE 18862
Lexmark Intl. Group Inc. COM 529771107 929 8300 SH SOLE 8300
Lockheed Martin Corp. COM 539830109 515 13640 SH SOLE 13640
Loews Corp. COM 540424108 381 5100 SH SOLE 5100
MCI Worldcom Inc. COM 55268B106 1973 22278 SH SOLE 22278
May Dept. Stores Co. COM 577778103 503 12846 SH SOLE 12846
McDonald's COM 580135101 218 4800 SH SOLE 4800
Medtronic Inc. COM 585055106 1840 25600 SH SOLE 25600
Mercantile Bancorp Inc. COM 587342106 793 16687 SH SOLE 16687
Merrill Lynch & Co. Inc. COM 590188108 332 3750 SH SOLE 3750
Microsoft Corp. COM 594918104 2182 24350 SH SOLE 24350
Mobil Corp. COM 607059102 1159 13170 SH SOLE 13170
Motorola Inc. COM 620076109 899 12270 SH SOLE 12270
Northrop Grumman Corp. COM 666807102 812 13554 SH SOLE 13554
Oracle Corp. COM 63889X105 1151 43627 SH SOLE 43627
PNC Bank Corp. COM 693475105 763 13734 SH SOLE 13734
Pepsico Inc. COM 713448108 1103 28140 SH SOLE 28140
Phillips Petroleum Co. COM 718507106 1219 25800 SH SOLE 25800
Procter & Gamble Co. COM 742718109 1098 11210 SH SOLE 11210
Raytheon Co. Class B COM 755111408 529 9017 SH SOLE 9017
Reliance Group COM 759464100 206 26850 SH SOLE 26850
Ross Stores Inc. COM 778296103 657 15000 SH SOLE 15000
Royal Dutch Petroleum Co. COM 780257804 239 4596 SH SOLE 4596
Ryland Group COM 783764103 3427 135400 SH SOLE 135400
SCI Systems Inc. COM 783890106 711 24000 SH SOLE 24000
Schering Plough Corp. COM 806605101 5226 94580 SH SOLE 94580
Schlumberger Ltd. COM 806857108 647 10750 SH SOLE 10750
Smithkline Beecham PLC COM 832378301 959 13408 SH SOLE 13408
Sun Microsystems Inc. COM 866810104 4685 37460 SH SOLE 37460
SuperValue Stores COM 868536103 233 11300 SH SOLE 11300
Texaco Inc. COM 881694103 284 5000 SH SOLE 5000
Texas Instruments Inc. COM 882508104 218 2200 SH SOLE 2200
Textron Inc. COM 883203101 665 8600 SH SOLE 8600
Time Warner Inc. COM 887315109 2549 36000 SH SOLE 36000
USX Marathon Group COM 902905827 908 33000 SH SOLE 33000
United Technologies Corp. COM 913017109 257 1900 SH SOLE 1900
Wachovia Corp. COM 929771103 360 4436 SH SOLE 4436
Wells Fargo & Co. COM 949746101 659 18800 SH SOLE 18800
Wendys International Inc. COM 950590109 540 19000 SH SOLE 19000
</TABLE>
