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: 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: 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] [Colorado Springs, CO] [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:97
Form 13F Information Table Value Total:$113,579
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
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<TABLE>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ADAPTEC INC COM COM 00651F108 1684 47700 SH SOLE 46500 1200
ADOBE SYS INC COM COM 00724F101 1265 15400 SH SOLE 15000 400
ALCOA INC COM COM 013817101 1064 17200 SH SOLE 16700 500
ALLMERICA FINL CORP COM COM 019754100 1058 17400 SH SOLE 16900 500
AMERADA HESS CORP COM COM 023551104 1083 18200 SH SOLE 17700 500
AMERISOURCE HEALTH CP CL A COM 03071P102 1068 41900 SH SOLE 40700 1200
AMERN EAGLE OUTFIT NEW COM COM 02553E106 1279 28100 SH SOLE 27300 800
ANHEUSER BUSCH COS INC COM COM 035229103 1085 15300 SH SOLE 14900 400
ANNTAYLOR STORES CORP COM COM 036115103 1327 29500 SH SOLE 28700 800
APACHE CORP COM COM 037411105 1306 33500 SH SOLE 32600 900
APPLE COMPUTER INC COM COM 037833100 1139 24600 SH SOLE 23900 700
APRIA HEALTHCARE GROUP COM COM 037933108 937 55100 SH SOLE 53700 1400
ARVIN INDS INC COM COM 043339100 1060 28000 SH SOLE 27300 700
ASTORIA FINL CORP COM COM 046265104 984 22400 SH SOLE 21700 700
BALL CORP COM COM 058498106 837 19800 SH SOLE 19300 500
BAUSCH & LOMB INC COM COM 071707103 1117 14600 SH SOLE 14200 400
BEAR STEARNS COS INC COM COM 073902108 1075 23000 SH SOLE 22400 600
BEST BUY INC COM COM 086516101 1350 20000 SH SOLE 19400 600
BJS WHOLESALE CLUB INC COM COM 05548J106 1302 43300 SH SOLE 42200 1100
BLANCH E W HLDGS INC COM COM 093210102 1132 16600 SH SOLE 16200 400
BLOCK H & R INC COM COM 093671105 1085 21700 SH SOLE 21100 600
BRIGGS & STRATTON CORP COM COM 109043109 976 16900 SH SOLE 16400 500
BRINKER INTL INC COM COM 109641100 1061 38600 SH SOLE 37500 1100
CENTEX CORP COM COM 152312104 1149 30600 SH SOLE 29800 800
CENTURY TEL ENTERPRISE COM COM 156686107 970 24400 SH SOLE 23700 700
COMMSCOPE INC COM COM 203372107 1218 39600 SH SOLE 38600 1000
CORDANT TECHNOLOGIES COM 218412104 1071 23700 SH SOLE 23000 700
CSG SYS INTL INC COM COM 126349109 1110 42400 SH SOLE 41300 1100
DII GROUP INC COM COM 232949107 1254 33600 SH SOLE 32700 900
DOW CHEM CO COM COM 260543103 1028 8100 SH SOLE 7900 200
DOW JONES & CO INC COM COM 260561105 1120 21100 SH SOLE 20600 500
DYCOM INDS INC COM COM 267475101 1282 22900 SH SOLE 22300 600
ELECTRONICS FOR IMAGNG COM COM 286082102 1288 25074 SH SOLE 24400 674
EQUITY OFFICE PPTYS TR COM COM 294741103 989 38600 SH SOLE 37500 1100
F M C CORP COM NEW COM 302491303 1134 16600 SH SOLE 16200 400
FIRSTAR CORP NEW WIS COM COM 33763V109 1148 41000 SH SOLE 40100 900
FLEET FINL GROUP INC COM COM 338915101 1100 24800 SH SOLE 24200 600
GEORGIA PAC CORP COM GA PAC GR COM 373298108 1317 27800 SH SOLE 27000 800
GOLDEN WEST FINL DEL COM COM 381317106 1098 11200 SH SOLE 10900 300
HORMEL FOODS CORP COM COM 440452100 1111 27600 SH SOLE 26900 700
IBP INC COM COM 449223106 1187 50000 SH SOLE 48700 1300
IDEC PHARMACEUTICALS COM COM 449370105 1210 15700 SH SOLE 15300 400
INGERSOLL RAND CO COM COM 456866102 1099 17000 SH SOLE 16500 500
INTUIT COM COM 461202103 1154 12800 SH SOLE 12400 400
IVAX CORP COM COM 465823102 1117 79100 SH SOLE 77000 2100
KNIGHT RIDDER INC COM COM 499040103 1129 20500 SH SOLE 19900 600
LABOR READY INC COM NEW COM 505401208 1141 35100 SH SOLE 34200 900
LEXMARK INTL GROUP INC CL A COM 529771107 1179 18000 SH SOLE 17600 400
LINCOLN NATL CORP IND COM COM 534187109 1182 22600 SH SOLE 22000 600
LUBRIZOL CORP COM COM 549271104 899 33000 SH SOLE 32100 900
MALLINCKRODT INC NEW COM COM 561232109 1219 33500 SH SOLE 32600 900
MCCORMICK & CO INC COM NON VTG COM 579780206 1045 33100 SH SOLE 32200 900
MERISTAR HOSPITALITY COM COM 58984Y103 1064 47400 SH SOLE 46100 1300
METRIS COS INC COM COM 591598107 1508 37000 SH SOLE 36200 800
MGIC INVT CORP WIS COM COM 552848103 1104 22700 SH SOLE 22100 600
MILLENNIUM PHARMACEUTC COM COM 599902103 1159 32200 SH SOLE 31400 800
MORGAN J P & CO INC COM COM 616880100 1194 8500 SH SOLE 8300 200
NAVISTAR INTL CORP NEW COM COM 63934E108 1035 20700 SH SOLE 20100 600
NOVELL INC COM COM 670006105 1187 44800 SH SOLE 43600 1200
OLD KENT FINL CORP COM COM 679833103 1183 28245 SH SOLE 27510 735
OSTEOTECH INC COM COM 688582105 1192 41450 SH SOLE 40350 1100
PACCAR INC COM COM 693718108 1014 19000 SH SOLE 18500 500
PACIFICARE HLT SYS DEL COM COM 695112201 986 13700 SH SOLE 13400 300
PMI GROUP INC COM COM 69344M101 1162 18500 SH SOLE 18000 500
POLYCOM INC COM COM 73172K104 1490 38200 SH SOLE 37200 1000
POWER INTEGRATIONS INC COM COM 739276103 1843 25200 SH SOLE 24500 700
POWERWAVE TECHNOLOGIES COM COM 739363109 1548 48000 SH SOLE 46700 1300
QLOGIC CORP COM COM 747277101 1241 9400 SH SOLE 9100 300
QUAKER OATS CO COM COM 747402105 1122 16900 SH SOLE 16500 400
QUALCOMM INC COM COM 747525103 1392 9700 SH SOLE 9400 300
QWEST COMMUNICATIONS COM COM 749121109 793 24000 SH SOLE 23400 600
RATIONAL SOFTWARE CORP COM NEW COM 75409P202 1097 33300 SH SOLE 32400 900
RF MICRODEVICES INC COM COM 749941100 1784 23900 SH SOLE 23300 600
ROCKWELL INTL CORP NEW COM COM 773903109 1124 18500 SH SOLE 18000 500
ROSS STORES INC COM COM 778296103 1128 22400 SH SOLE 21800 600
SAFEGUARD SCIENTIFICS COM COM 786449108 1128 17900 SH SOLE 17500 400
SANTA FE INTL CORP ORD COM G7805C108 1168 50800 SH SOLE 49400 1400
SOUTHDOWN INC COM COM 841297104 1041 16200 SH SOLE 15800 400
SOUTHWEST AIRLS CO COM COM 844741108 1077 34600 SH SOLE 33700 900
SPIEKER PPTYS INC COM COM 848497103 1042 26800 SH SOLE 26100 700
THQ INC COM NEW COM 872443403 1236 43000 SH SOLE 41900 1100
TIFFANY & CO NEW COM COM 886547108 1264 13100 SH SOLE 12800 300
TJX COS INC NEW COM COM 872540109 1223 36700 SH SOLE 35700 1000
TMP WORLDWIDE INC COM COM 872941109 1422 22400 SH SOLE 21900 500
TOWER AUTOMOTIVE INC COM COM 891707101 1198 47100 SH SOLE 45900 1200
TRANS WORLD ENTMT CORP COM COM 89336Q100 1070 95100 SH SOLE 92600 2500
TRANSOCEAN OFFSHORE COM COM 893817106 1060 40400 SH SOLE 39300 1100
TRICON GLOBAL REST COM COM 895953107 1185 21900 SH SOLE 21400 500
TRIGON HEALTHCARE INC COM COM 89618L100 1200 33000 SH SOLE 32100 900
U S G CORP COM NEW COM 903293405 1092 19500 SH SOLE 19000 500
UNION PAC CORP COM COM 907818108 980 16800 SH SOLE 16400 400
UNISYS CORP COM COM 909214108 1308 33600 SH SOLE 32700 900
VALASSIS COMMUNICATNS COM COM 918866104 1154 31500 SH SOLE 30750 750
WHIRLPOOL CORP COM COM 963320106 1184 16000 SH SOLE 15500 500
WORTHINGTON INDS INC COM COM 981811102 1323 80500 SH SOLE 78400 2100
XIRCOM INC COM COM 983922105 1347 44800 SH SOLE 43600 1200
ZALE CORP NEW COM COM 988858106 1304 32600 SH SOLE 31700 900
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