UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F-HR
Form 13F COVER PAGE
Report for the Calendar Year of Quarter Ended: June 30, 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: Milton Arbitrage Partners, LLC
Address: 165 Mason Street
Greenwich, Connecticut 06830
Form 13F File Number: 28-7416
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: James E. Buck, II
Title: Managing Member
Phone: (203) 661-7022
Signature, Place, and Date of Signing:
/s/ James E. Buck, II Greenwich, Connecticut 8/12/99
[Signature] [City, State] [Date]
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 reported are 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).)
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 20
Form 13F Information Table Value Total: $ 138,787
(thousands)
INFORMATION HAS BEEN OMITTED FROM THIS PUBLIC FORM 13F REPORT AND FILED
SEPARATELY WITH THE COMMISSION IN A REQUEST FOR CONFIDENTIAL TEATMENT.
List of Other Included Managers:
None
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Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8:
Name of Issuer Title of CUSIP Value Shares or SH/ PUT/C INV OTHER VOTING AUTHORITY
Class (x$1000) Prn Amt PRN ALL DISCR MGRS SOLE
Automobile Protn Corp-APCO Common Stock 052905106 2577 201200 SH SOLE 201200
Avondale Inds. Inc. Common Stock 054350103 7304 187300 SH SOLE 187300
Cadence Design Systems Inc. Common Stock 127387108 1475 116864 SH SOLE 116864
CFSB Bancorp. Common Stock 124927104 1298 52740 SH SOLE 52740
Chock Full O Nuts Corp. Common Stock 170268106 782 75000 SH SOLE 75000
Coach USA Inc. Common Stock 18975L106 12484 297700 SH SOLE 297700
Crompton & Knowles Corp. Common Stock 227111101 1457 73800 SH SOLE 73800
Executive Risk Inc. Common Stock 301586103 32834 386008 SH SOLE 386008
Genentech Inc. COM SPL 368710307 41736 505900 SH SOLE 505900
Gulfstream Aerospace Corp. Common Stock 402734107 1351 20000 SH SOLE 20000
Holophane Corp. Common Stock 43645B106 1772 46500 SH SOLE 46500
Jevic Trans. Inc. Common Stock 47719P107 511 36900 SH SOLE 36900
Mason-Dixon Bancshares Inc. Common Stock 575207105 4900 102225 SH SOLE 102225
Orcad Inc. Common Stock 685568107 969 76400 SH SOLE 76400
People's Bancorp Inc Common Stock 709909105 2818 290544 SH SOLE 290544
Prime Bancorp Inc. Common Stock 741914105 1460 52882 SH SOLE 52882
Provident Cos Inc Common Stock 743862104 2270 56800 SH SOLE 56800
Rental Svc Corp. Common Stock 76009V102 444 15530 SH SOLE 15530
TransAmerica Corp. Common Stock 893485102 19617 261561 SH SOLE 261561
Westinghouse Air Brake Co. Common Stock 960386100 728 28100 SH SOLE 28100
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