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: Paloma Strategic Securities Ltd.
Address: Two American Lane
Greenwich, CT 06836-2571
13F File Number: 28-7282
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: Patrick Iuliano
Title: Financial and Operations Principal
Phone: 203-861-8452
Signature, Place and Date of Signing:
Patrick Iuliano Greenwich, Connecticut MAY 13,1999
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 Managers: 0
Form 13F Information Table Entry Total: 53
Form 13F Information Table Value Total: $170,771
List of Other Included Managers:
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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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
ASTRA AB - SPONS ADR A ADR 046298105 7053 307500 SH SOLE 307500
ALKERMES CV PFD 6.50% CVPFD 01642T405 1072 20000 SH SOLE 20000
<MRG>AMP INC COM 031897101 3697 69100 SH SOLE 69100
ASCEND COMMUNICATIONS INC COM 043491109 7381 88200 SH SOLE 88200
AIRTOUCH COMM INC COM 00949T100 12464 129000 SH SOLE 129000
AVIRON CV 5.75% 04/01/05 SDBCV 053762AC4 2575 3000000 PRN SOLE 3000000
AMERICAN EXPRESS COMPANY COM 025816109 294 2500 SH SOLE 2500
CITIGROUP INC COM 172967101 639 10000 SH SOLE 10000
CKE REST CV 4.25% 3/15/4 SDBCV 12561EAB1 1938 2500000 PRN SOLE 2500000
COLTEC INDUSTRIES COM 196879100 389 21400 SH SOLE 21400
OCCIDENTAL PETE SR A CV PFD $3 CVPFD 674599790 2481 50000 SH SOLE 50000
CYMER CV 3.50% 08/06/04 SDBCV 232572AC1 2407 3000000 PRN SOLE 3000000
EAGLE HARDWARE & GARDEN COM 26959B101 7607 199200 SH SOLE 199200
FINANCIAL CV 4.5% 5/01/05 SDBCV 317492AC0 1358 1600000 PRN SOLE 1600000
R&B FALCON CORP COM 74912E101 431 50000 SH SOLE 50000
FRED MEYER INC COM 592907109 7801 132500 SH SOLE 132500
FRONTIER CORP COM 35906P105 1038 20000 SH SOLE 20000
GEOCITIES COM 37247V106 2542 23200 SH SOLE 23200
GENERAL MOTORS CORP COM 370442105 696 8000 SH SOLE 8000
HALTER CV 4.50% 09/15/04 SDBCV 40642YAC9 535 1000000 PRN SOLE 1000000
INTERGRATED CV 6.25% 9/15/04 SDBCV 45812KAD0 1470 2000000 PRN SOLE 2000000
LEVEL ONE COMMUNICATIONS INC COM 527295109 1459 30000 SH SOLE 30000
LUCASVARITY PLC ADR ADR 549395101 9158 198000 SH SOLE 198000
MACROCHEM CORP/DELAWARE COM 555903103 294 31400 SH SOLE 31400
MEDIMMUNE CV 7.00% 7/01/03 SDBCV 584699AC6 24063 4000000 PRN SOLE 4000000
MORTON INTL INC COM 619335102 5825 158500 SH SOLE 158500
NAB CV PF 7.875% UNIT CVPFD 632525309 10738 337000 SH SOLE 337000
NETWORK ASSC CV 0% 2/13/18 SDBCV 640938AB2 1810 5000000 PRN SOLE 5000000
ORACLE CORP COM 68389X105 264 10000 SH SOLE 10000
PENNCORP FINL CV PFD $3.375 CVPFD 708094206 700 60900 SH SOLE 60900
PIONEER HI-BRED INTL INC COM 723686101 376 10000 SH SOLE 10000
PLATINUM TECHNOLOGY INC COM 72764T101 510 20000 SH SOLE 20000
PEAPOD INC COM 704718105 219 20000 SH SOLE 20000
QUADRAMED CV 5.25% 05/01/05 SDBCV 74730WAC5 697 1212000 PRN SOLE 1212000
TRANSOCEAN OFFSHORE INC COM 893817106 288 10000 SH SOLE 10000
REMEDY CORP COM 759548100 490 35000 SH SOLE 35000
ROHM & HAAS CO COM 775371107 201 6000 SH PUT SOLE 0
ROUSE CV 5.75% 7/23/02 SDBCV 779273AA9 7042 7336000 PRN SOLE 7336000
RAYCHEM CORP COM 754603108 4513 200000 SH SOLE 200000
SYSTEMS & COMP CV 5% 10/15/04 SDBCV 871873AB1 534 750000 PRN SOLE 750000
SEALED AIR CV PFD $2.00 - SR A CVPFD 81211K209 3626 73500 SH SOLE 73500
SEPRACOR CV 7% 12/15/05 144A SDBCV 817315AF1 292 250000 PRN SOLE 250000
SUNDSTRAND CORP COM 867323107 9035 130000 SH SOLE 130000
SONAT INC COM 835415100 1763 58750 SH SOLE 58750
SYMANTEC CORP COM 871503108 847 50000 SH SOLE 50000
TALK.COM INC COM 874264104 418 40000 SH SOLE 40000
UNISYS CORP CV PFD 3.75% SR A CVPFD 909214207 1244 24051 SH SOLE 24051
US FILTER CORP COM 911843209 4992 163000 SH SOLE 163000
VANGUARD CELLULAR SYS CL-A COM 922022108 2559 93700 SH SOLE 93700
WORLD COLOR CV 6.00% 10/01/07 SDBCV 981443AA2 2681 3000000 PRN SOLE 3000000
EXCITE INC COM 300904109 2016 14400 SH SOLE 14400
EXXON CORP COM 302290101 2568 36400 SH SOLE 36400
XYLAN CORP COM 984151100 3681 100000 SH SOLE 100000
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