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: Seth Tobias
Address: 153 East 53rd Street
Suite 4801
New York, NY 10022
13F File Number: 028-03469
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: Seth Tobias
Title: Manager
Phone: 212-521-5050
Signature, Place, and Date of Signing:
/s/ S. Tobias New York, NY 5-10-99
(Signature) (City, State) (Date)
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 Manager 0
Form 13F Information Table Entry 85
Form 13F Information Table Value $216,901
List of Other Included Managers: None
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FORM 13F-HR
qtr ending 3/31/99
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COL 7 COLUMN 8
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VALUE SHRS OR SH/ PUT/ INV. DISCR. VOT AUTHOR.
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL SOLE SHRD OTH MGR SOLE SHRD NONE
<S> <C> <C> <C> <C> <C> <C> <C>
Apple Computer OTC IS 037833100 2695 75000 SH x 75000
Apria Healthcare Group Inc COMMON 037933108 1188 100000 SH x 100000
Standard Aotumotive COMMON 853097103 871 95500 SH x 95500
Allstate Corp COMMON 020002101 3521 95000 SH x 95000
AMR Corp. Del-w/rts COMMON 001765106 1464 25000 SH x 25000
Amazon Com Inc OTC IS 023135106 6888 40000 SH x 40000
Antec OTC IS 03664P105 1075 50000 SH x 50000
Atlantic Richfield COMMON 048825103 914 12500 SH x 12500
Advanced Radio Trl. Corp OTC IS 00754U101 460 40000 SH x 40000
Aviall Inc New COMMON 05366B102 1085 70000 SH x 70000
American Express Co COMMON 025816109 4710 40000 SH x 40000
BanKAmerica Corp New COMMON 06605F102 5297 75000 SH x 75000
Bell Atlantic Corp. COMMON 077853109 305 5900 SH x 5900
Baker Hughes Inc. COMMON 057224107 1216 50000 SH x 50000
Bristol Myers Squibb Co. COMMON 110122108 321 5000 SH x 5000
Burlington Resources COMMON 112014103 599 15000 SH x 15000
Bear Stearns Companies COMMON 073902108 2681 60000 SH x 60000
Anheuser Busch Companies COMMON 035229103 4568 60000 SH x 60000
Citigroup Inc. COMMON 172967101 6707 105000 SH x 105000
Comcast Corp PHONES OTC IS 200300408 1585 20000 SH x 20000
Continental Airlines Inc-B COMMON 210795308 2660 70000 SH x 70000
Cooper Cameron Corp. COMMON 216640102 838 25000 SH x 25000
Creative Biomolecules Inc. OTC IS 225270107 231 100000 SH x 100000
CBS Corp. COMMON 12490K107 3673 90000 SH x 90000
Circuit City Stores COMMON 172737108 4598 60000 SH x 60000
Cerner Corp. COMMON 156782104 562 35000 SH x 35000
Comcast Corp.-Special Cl A OTC IS 200300200 4406 70000 SH x 70000
Conseco Inc. COMMON 208464107 2470 80000 SH x 80000
Centocor Inc OTC IS 152342101 1478 40000 SH x 40000
Campbell Soup Co COMMON 134429109 203 5000 SH x 5000
Compaq Computer Corp COMMON 204493100 6338 200000 SH x 200000
Cybershop International Inc OTC IS 23251x105 273 18800 SH x 18800
DBS Industries Inc New OTC IS 233041300 491 100000 SH x 100000
Walt Disney Co Holding Co COMMON 254687106 467 15000 SH x 15000
Donaldson Lufkin & Jenrette COMMON 257661108 698 10000 SH x 10000
Diamond Offshore COMMON 25271C102 1581 50000 SH x 50000
Ensco International Inc. COMMON 26874Q100 1331 100000 SH x 100000
Federated Department Stores COMMON 31410H101 3210 80000 SH x 80000
R&B Falcon Corp COMMON 74912E101 1509 175000 SH x 175000
Frontier Corp COMMON 35906P105 3631 70000 SH x 70000
Global Crossing Ltd OTC IS G3921A100 3238 70000 SH x 70000
Georgia Pacific Corp w/rts COMMON 373298108 4641 62500 SH x 62500
Halliburton Co COMMON 406216101 1925 50000 SH x 50000
Home Depot Inc. COMMON 437076102 467 7500 SH x 7500
Homeseekers.com-pvt place. OTC IS 437605108 450 150000 SH x 150000
Idec Pharmaceuticals OTC IS 449370105 771 15000 SH x 15000
Igen Inc. OTC IS 449536101 1510 62900 SH x 62900
Imgram Micro Inc. Cl. A COMMON 457153104 1255 55000 SH x 55000
Infinity Broadcasting Corp. COMMON 45662s102 1545 60000 SH x 60000
International Paper Co. COMMON 460146103 2320 55000 SH x 55000
Jones Aparel Group Inc. COMMON 480074103 1676 60000 SH x 60000
K Mart Corp. COMMON 485284109 2522 150000 SH x 150000
Lehman Brothers Holdings Inc.COMMON 524908100 4481 75000 SH x 75000
Mattel Inc. COMMON 577081102 1746 70000 SH x 70000
Medtronics Inc. COMMON 585055106 2156 30000 SH x 30000
Merrill Lynch & Co. Inc. COMMON 590188108 5310 60000 SH x 60000
Phillip Morris Companies Inc.COMMON 718154107 2463 70000 SH x 70000
Motorola Inc. COMMON 620076109 2930 40000 SH x 40000
Monsanto Co. w/rts COMMON 611662107 3905 85000 SH x 85000
Micron Technology Inc. COMMON 595112103 2891 60000 SH x 60000
Morgan Stanley Dean Witter COMMON 617446448 1999 20000 SH x 20000
Oxford Health Plans Inc. OTC IS 691471106 1156 74000 SH x 74000
The Pepsi Bottling Group Inc.COMMON 713409100 2711 125000 SH x 125000
Pepsico Inc. COMMON 713448108 3723 95000 SH x 95000
Progressive Corp Ohio COMMON 743315103 2296 16000 SH x 16000
Pharmacia & Upjohn COMMON 716341109 312 5000 SH x 5000
Transocean Offshore Inc. COMMON 893817106 1873 65000 SH x 65000
Royal Olympic Cruise Lines OTC IS 780636106 901 248600 SH x 248600
Smithkline Beechman Plc COMMON 832378301 1430 20000 SH x 20000
SFX Entertainment Inc. OTC IS 784178105 3874 60000 SH x 60000
Schlumberger Ltd COMMON 806857108 3310 55000 SH x 55000
Synetic Inc. OTC IS 87160F109 1118 20000 SH x 20000
Symantec Corp. OTC IS 871503108 1863 110000 SH x 110000
AT&T Corp. COMMON 001957109 10376 130000 SH x 130000
Tel-Save Holdings OTC IS 874264104 21633 2072600 SH x 2072600
Tandy Corp. COMMON 875382103 2553 40000 SH x 40000
Temple Inland Inc. COMMON 879868107 1569 25000 SH x 25000
Tommy Hilfiger Group Ord. COMMON G8915Z102 1722 25000 SH x 25000
Time Warner Inc. COMMON 887315109 3718 52500 SH x 52500
Texaco Inc. COMMON 881694103 568 10000 SH x 10000
Vanguard Tech. Pfd. Series B pvt placement 1100 2707549 SH x 2707549
Verio Inc. OTC IS 923433106 1845 40000 SH x 40000
MCI Worldcom Inc. OTC IS 55268B106 5314 60000 SH x 60000
Wendys Intl Inc. COMMON 950590109 2559 90000 SH x 90000
Willamette Industries Inc. COMMON 969133107 378 10000 SH x 10000
216901
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