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: September 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 11/15/99
[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: 25
Form 13F Information Table Value Total: $ 262,157
(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 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8:
Item 1: Title of CUSIP Value Shares or Investment Other Voting
Name of Issuer Class Number (x $1000) Prn Amt SH/PRN Discretion Managers Authority
Sole Shared None
American Heritage Life Invt Common Stock 026522102 13779 434000 SH SOLE 434000
Bank Boston Corp. Common Stock 06605R106 16229 374163 SH SOLE 374163
Centocor Inc. Common Stock 152342101 13176 225000 SH SOLE 225000
CMS Energy Corp CLG 125896209 3024 128700 SH SOLE 128700
CMS Energy Corp Common Stock 125896100 658 19400 SH SOLE 19400
CNB Bancshares Inc. Common Stock 126126101 15619 294700 SH SOLE 294700
Data Gen Corp. Common Stock 237688106 6285 298400 SH SOLE 298400
Everen Capital Corp. Common Stock 299761106 12870 436300 SH SOLE 436300
Excel Switching Corp Common Stock 30067V108 9506 265000 SH SOLE 265000
First Amern Corp Tenn Common Stock 318900107 20884 480100 SH SOLE 480100
Frontier Corp. Common Stock 35906P105 12178 229300 SH SOLE 229300
International Network Svcs Common Stock 460053101 17497 321800 SH SOLE 321800
Johnson & Johnson Common Stock 478160104 284 3100 SH SOLE 3100
Lifeline Sys Inc. Common Stock 532192101 1529 107349 SH SOLE 107349
Life USA Hldgs Inc. Common Stock 531918209 9283 450100 SH SOLE 450100
Lone Star Industries Inc. Common Stock 542290408 5635 113000 SH SOLE 11300
Marshall Industries Common Stock 572393106 6241 171000 SH SOLE 171000
National Processing Inc Common Stock 637229105 245 27300 SH SOLE 27300
Pioneer Hi Bred Intl Inc Common Stock 723686101 8985 226401 SH SOLE 226401
Sky Tel Comm. Inc. Common Stock 83087Q104 18724 1022500 SH SOLE 1022500
St. Paul Bancorp. Inc. Common Stock 792848103 7196 314600 SH SOLE 314600
Supervalue Inc. Common Stock 868536103 251 11389 SH SOLE 11389
Unitrode Corp Common Stock 913283107 26602 633400 SH SOLE 633400
World Color Press Inc. Common Stock 981443104 32627 875900 SH SOLE 875900
Xomed Surgical Prod. Inc. Common Stock 98412V107 2850 50000 SH SOLE 50000
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