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: 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: 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 5/14/99
[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: 1
Form 13F Information Table Entry Total: 16
Form 13F Information Table Value Total: $ 154,883
(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: VOTING AUTHORITY
Name of Issuer Title of CUSIP Value Shares or SH/ PUT/C INV OTHER SOLE SHARED NONE
Class (x$1000) Prn Amt PRN ALL DISCR MGRS
AEROQUIP-VICERKS INC COM 007869100 6379 111300 SH SOLE 111300 0 0
AMP INC COM 031897101 28686 536181 SH SOLE 536181 0 0
APRIA HEALTHCARE GROUP INC COM 037933108 713 60000 SH SOLE 60000 0 0
BA MERCHANT SERVICES INC CL A 055239107 19798 971700 SH SOLE 971700 0 0
BOOLE & BABBAGE INC COM 098586100 15475 618500 SH SOLE 618500 0 0
BRYLANE INC COM 117661108 364 15000 SH SOLE 15000 0 0
EAGLE HARDWARE & GARDEN INC COM 26959B101 23214 607900 SH SOLE 607900 0 0
FINGERHUT COS INC COM 317867109 232 9300 SH SOLE 9300 0 0
FORT BEND HLDG CORP COM 346824105 875 50000 SH SOLE 50000 0 0
HEADLANDS MORTGAGE CO COM 421980103 10251 475700 SH SOLE 475700 0 0
JACOR COMMUNICATIONS INC CL A 469858401 8968 118000 SH SOLE 118000 0 0
KTI INC COM 482689205 318 30800 SH SOLE 30800 0 0
LUCASVARITY PLC SPNSRD 549395101 14387 310000 SH SOLE 310000 0 0
ADR
OCEAN ENERGY INC COM 674812201 1962 288000 SH SOLE 288000 0 0
SUPERIOR ENERGY SVCS COM 868157108 475 132400 SH SOLE 132400 0 0
VANGUARD CELLULAR SYSTEMS INC CL A 922022108 22786 834300 SH SOLE 834300 0 0
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