UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar year of the
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: Columbine Asset Management, LLC
Address: Suite 450
2 North Cascade Avenue
Colorado Springs, CO 80903
Form 13F File Number: 28-7470
This 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, statement, schedules, lists, and
tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of
Reporting Manager:
Name: Susan M. Chamberlain
Title: Chief Operating Officer
Phone: (719)635-5174
Signature, Place, and Date of Signing:
_______________________
_______________________ __________
[Signature]
[City, State]
[Date]
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers:0
Form 13F Information Table Entry Total:101
Form 13F Information Table Value Total:$116,318
List of Other Included Managers:
Provide a numbered list of the name(s) and
the Form 13F file number(s) of all
institutional investment managers with
respect to which this report is filed,
other that the manager filing this report.
NONE
<PAGE>
<TABLE>
FORM 13F INFORMATION TABLE
<CAPTION>
TITLE OF VALUE SHRS OR SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C>
ABERCROMBIE & FITCH CO CL A COM 002896207 1,494 16,200 SH SOLE 16,200 0 0
ACTION PERFORMANCE COS COM COM 004933107 226 7,500 SH SOLE 7,500 0 0
ADOBE SYS INC COM COM 00724F101 1,101 19,400 SH SOLE 19,400 0 0
AK STL HLDG CORP COM COM 001547108 1,236 54,800 SH SOLE 54,800 0 0
ALASKA AIR GROUP INC COM COM 011659109 1,112 23,400 SH SOLE 23,400 0 0
ALCOA INC COM COM 013817101 1,194 29,000 SH SOLE 29,000 0 0
AMBAC FINL GROUP INC COM COM 023139108 1,118 20,700 SH SOLE 20,700 0 0
AMERICAN STORES CO NEW COM COM 030096101 1,036 31,400 SH SOLE 31,400 0 0
AMERN EAGLE OUTFITTERS COM COM 02553E106 1,491 20,800 SH SOLE 20,800 0 0
AMGEN INC COM COM 031162100 1,116 14,900 SH SOLE 14,900 0 0
AMSOUTH BANCORPORATION COM COM 032165102 1,279 28,100 SH SOLE 28,100 0 0
ANHEUSER BUSCH COS INC COM COM 035229103 1,203 15,800 SH SOLE 15,800 0 0
ANNTAYLOR STORES CORP COM COM 036115103 1,511 34,200 SH SOLE 34,200 0 0
ANTEC CORP COM COM 03664P105 983 45,700 SH SOLE 45,700 0 0
APARTMENT INVT & MGMT CL A COM 03748R101 1,138 31,400 SH SOLE 31,400 0 0
APPLE COMPUTER INC COM COM 037833100 1,139 31,700 SH SOLE 31,700 0 0
BALL CORP COM COM 058498106 1,418 30,200 SH SOLE 30,200 0 0
BAUSCH & LOMB INC COM COM 071707103 1,398 21,500 SH SOLE 21,500 0 0
BERGEN BRUNSWIG CORP CL A COM 083739102 852 42,600 SH SOLE 42,600 0 0
BEST BUY INC COM COM 086516101 1,212 23,300 SH SOLE 23,300 0 0
BRIGGS & STRATTON CORP COM COM 109043109 1,253 25,400 SH SOLE 25,400 0 0
BRINKER INTL INC COM COM 109641100 1,108 42,700 SH SOLE 42,700 0 0
CDW COMPUTER CTRS INC COM COM 125129106 1,208 17,500 SH SOLE 17,500 0 0
CENTEX CORP COM COM 152312104 1,151 34,500 SH SOLE 34,500 0 0
CENTURY TEL ENTERPRISE COM COM 156686107 1,482 21,100 SH SOLE 21,100 0 0
CLARIFY INC COM COM 180492100 1,164 43,600 SH SOLE 43,600 0 0
COMPLETE BUSINESS SOLU COM COM 20452F107 1,319 67,200 SH SOLE 67,200 0 0
COMVERSE TECHNOLOGY COM PAR COM 205862402 1,207 14,200 SH SOLE 14,200 0 0
CORDANT TECHNOLOGIES COM 218412104 1,111 27,900 SH SOLE 27,900 0 0
CREE RESH INC COM COM 225447101 1,216 25,900 SH SOLE 25,900 0 0
DAYTON HUDSON CORP COM COM 239753106 1,086 16,300 SH SOLE 16,300 0 0
DIAMOND OFFSHORE DRILL COM COM 25271C102 1,151 36,400 SH SOLE 36,400 0 0
DSP COMMUNICATIONS COM COM 23332K106 1,003 63,200 SH SOLE 63,200 0 0
DYCOM INDS INC COM COM 267475101 979 22,500 SH SOLE 22,500 0 0
ELECTRONICS FOR IMAGNG COM COM 286082102 1,190 30,500 SH SOLE 30,500 0 0
ENGINEERING ANIMATION COM COM 292872108 1,036 24,600 SH SOLE 24,600 0 0
EQUITY OFFICE PPTYS TR COM COM 294741103 1,170 46,100 SH SOLE 46,100 0 0
EVEREST REINS HLDGS COM COM 299808105 1,042 33,400 SH SOLE 33,400 0 0
F M C CORP COM NEW COM 302491303 1,131 22,900 SH SOLE 22,900 0 0
FINL SEC ASSURN HLDGS COM COM 31769P100 1,156 23,300 SH SOLE 23,300 0 0
FIRST AMERN FINL CORP COM COM 318522307 95 6,000 SH SOLE 6,000 0 0
FIRSTAR CORP NEW WIS COM COM 33763V109 1,172 13,100 SH SOLE 13,100 0 0
GEORGIA PAC CORP COM GA PAC GRP COM 373298108 1,262 17,000 SH SOLE 17,000 0 0
GOLDEN WEST FINL DEL COM COM 381317106 965 10,100 SH SOLE 10,100 0 0
HOSPITALITY PPTYS TR COM SH BEN COM 44106M102 579 21,400 SH SOLE 21,400 0 0
IBP INC COM COM 449223106 883 47,400 SH SOLE 47,400 0 0
INGERSOLL RAND CO COM COM 456866102 1,221 24,600 SH SOLE 24,600 0 0
INSIGHT ENTERPRISES COM COM 45765U103 1,223 49,400 SH SOLE 49,400 0 0
INTIMATE BRANDS INC CL A COM 461156101 1,487 30,900 SH SOLE 30,900 0 0
INTUIT COM COM 461202103 1,221 12,000 SH SOLE 12,000 0 0
JEFFERSON PILOT CORP COM COM 475070108 1,037 15,300 SH SOLE 15,300 0 0
KNIGHT RIDDER INC COM COM 499040103 1,150 23,000 SH SOLE 23,000 0 0
LABOR READY INC COM NEW COM 505401208 846 32,400 SH SOLE 32,400 0 0
LAFARGE CORP COM COM 505862102 241 8,600 SH SOLE 8,600 0 0
LASER VISION CTRS INC COM COM 51807H100 1,453 38,100 SH SOLE 38,100 0 0
LEXMARK INTL GROUP INC CL A COM 529771107 1,410 12,600 SH SOLE 12,600 0 0
LINCOLN NATL CORP IND COM COM 534187109 1,266 12,800 SH SOLE 12,800 0 0
LINENS N THINGS INC COM COM 535679104 1,416 31,200 SH SOLE 31,200 0 0
LIPOSOME CO INC COM COM 536310105 1,047 77,950 SH SOLE 77,950 0 0
MACROMEDIA INC COM COM 556100105 1,192 26,300 SH SOLE 26,300 0 0
MALLINCKRODT INC NEW COM COM 561232109 1,038 39,000 SH SOLE 39,000 0 0
MARTIN MARIETTA MATLS COM COM 573284106 1,370 24,000 SH SOLE 24,000 0 0
MEDICIS PHARMACEUTICAL CL A NEW COM 584690309 1,128 37,600 SH SOLE 37,600 0 0
MEDIMMUNE INC COM COM 584699102 1,296 21,900 SH SOLE 21,900 0 0
METRIS COS INC COM COM 591598107 1,013 25,100 SH SOLE 25,100 0 0
METZLER GROUP INC COM COM 592903108 935 29,800 SH SOLE 29,800 0 0
NATIONAL DISC BROKERS COM COM 635646102 970 34,500 SH SOLE 34,500 0 0
NAVISTAR INTL CORP NEW COM COM 63934E108 1,644 40,900 SH SOLE 40,900 0 0
NCR CORP NEW COM COM 62886E108 1,395 27,900 SH SOLE 27,900 0 0
NORTH FORK BANCORP NY COM COM 659424105 1,141 54,000 SH SOLE 54,000 0 0
OLD KENT FINL CORP COM COM 679833103 1,151 27,200 SH SOLE 27,200 0 0
OSTEOTECH INC COM COM 688582105 1,195 34,750 SH SOLE 34,750 0 0
PACCAR INC COM COM 693718108 1,116 27,100 SH SOLE 27,100 0 0
PACIFICARE HLT SYS DEL CL B COM 695112201 1,112 16,300 SH SOLE 16,300 0 0
PENNZOIL-QUAKER STATE COM COM 709323109 1,194 96,500 SH SOLE 96,500 0 0
POLYCOM INC COM COM 73172K104 1,613 86,000 SH SOLE 86,000 0 0
POWER INTEGRATIONS INC COM COM 739276103 1,597 50,300 SH SOLE 50,300 0 0
RF MICRODEVICES INC COM COM 749941100 1,665 17,400 SH SOLE 17,400 0 0
ROCKWELL INTL CORP NEW COM COM 773903109 1,197 28,200 SH SOLE 28,200 0 0
SEAGATE TECHNOLOGY COM COM 811804103 1,141 38,600 SH SOLE 38,600 0 0
SHAW INDS INC COM COM 820286102 1,249 67,500 SH SOLE 67,500 0 0
SOUTHDOWN INC COM COM 841297104 1,170 21,800 SH SOLE 21,800 0 0
SOUTHWEST SECS GROUP COM COM 845224104 54 1,900 SH SOLE 1,900 0 0
SUNOCO INC COM COM 86764P109 1,204 33,400 SH SOLE 33,400 0 0
SUPERVALU INC COM COM 868536103 992 48,100 SH SOLE 48,100 0 0
TELEPHONE & DATA SYS COM COM 879433100 1,314 23,300 SH SOLE 23,300 0 0
TRANS WORLD ENTMT CORP COM COM 89336Q100 927 84,300 SH SOLE 84,300 0 0
TRANSOCEAN OFFSHORE COM COM 893817106 1,271 44,100 SH SOLE 44,100 0 0
TRANSWITCH CORP COM COM 894065101 1,466 32,400 SH SOLE 32,400 0 0
TRAVELERS PPTY CAS CL A COM 893939108 1,080 30,200 SH SOLE 30,200 0 0
TRICON GLOBAL REST COM COM 895953107 1,370 19,500 SH SOLE 19,500 0 0
TRIGON HEALTHCARE INC COM COM 89618L100 1,147 33,500 SH SOLE 33,500 0 0
U S WEST INC NEW COM COM 91273H101 1,068 19,400 SH SOLE 19,400 0 0
UNION CARBIDE CORP COM COM 905581104 1,021 22,600 SH SOLE 22,600 0 0
UNION PAC CORP COM COM 907818108 1,283 24,000 SH SOLE 24,000 0 0
UNISYS CORP COM COM 909214108 969 35,000 SH SOLE 35,000 0 0
VISX INC DEL COM COM 92844S105 1,721 16,000 SH SOLE 16,000 0 0
WHIRLPOOL CORP COM COM 963320106 816 15,000 SH SOLE 15,000 0 0
XIRCOM INC COM COM 983922105 1,113 44,300 SH SOLE 44,300 0 0
YORK INTL CORP NEW COM COM 986670107 1,010 28,600 SH SOLE 28,600 0 0
ZALE CORP NEW COM COM 988858106 1,576 46,100 SH SOLE 46,100 0 0
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