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: December 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: 97
Form 13F Information Table Value Total: $149,428
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
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 1471 29500 SH SOLE 16800 12700
ADOBE SYS INC COM COM 00724F101 1439 21400 SH SOLE 11900 9500
AFLAC INC COM COM 001055102 1552 32900 SH SOLE 19400 13500
AMBAC FINL GROUP INC COM COM 023139108 1524 29200 SH SOLE 17000 12200
AMERICA WEST HLDG CORP CL B COM 023657208 1629 78500 SH SOLE 45900 32600
AMERN EAGLE OUTFIT NEW COM COM 02553E106 1435 31900 SH SOLE 16800 15100
AMKOR TECHNOLOGY INC COM COM 031652100 1585 56100 SH SOLE 29900 26200
ANDRX CORP COM COM 034551101 1269 30000 SH SOLE 16800 13200
APACHE CORP COM COM 037411105 1618 43800 SH SOLE 25900 17900
APPLEBEES INTL INC COM COM 037899101 1581 53600 SH SOLE 28500 25100
ARROW ELECTRS INC COM COM 042735100 1799 70900 SH SOLE 40500 30400
AXA FINL INC COM COM 002451102 1506 44300 SH SOLE 24700 19600
BALL CORP COM COM 058498106 1662 42200 SH SOLE 24900 17300
BIOGEN INC COM COM 090597105 1546 18300 SH SOLE 9800 8500
BJS WHOLESALE CLUB INC COM COM 05548J106 1679 46000 SH SOLE 26700 19300
BRIGGS & STRATTON CORP COM COM 109043109 1603 29900 SH SOLE 17300 12600
CALPINE CORP COM COM 131347106 1715 26800 SH SOLE 15700 11100
CHIRON CORP COM COM 170040109 1598 37700 SH SOLE 19000 18700
CHURCH & DWIGHT INC COM COM 171340102 1503 56300 SH SOLE 33100 23200
CIGNA CORP COM COM 125509109 1571 19500 SH SOLE 11300 8200
COLUMBIA/HCA HLTHCARE COM COM 197677107 1471 50200 SH SOLE 28000 22200
COMMSCOPE INC COM COM 203372107 1508 37400 SH SOLE 22000 15400
COMVERSE TECHNOLOGY COM PAR $0 COM 205862402 1737 12000 SH SOLE 7000 5000
COORS ADOLPH CO CL B COM 217016104 1664 31700 SH SOLE 18600 13100
COST PLUS INC CALIF COM COM 221485105 1443 40500 SH SOLE 23500 17000
CYPRESS SEMICONDUCTOR COM COM 232806109 1628 50300 SH SOLE 26700 23600
DARDEN RESTAURANTS INC COM COM 237194105 1475 81400 SH SOLE 45400 36000
DOW JONES & CO INC COM COM 260561105 1489 21900 SH SOLE 12000 9900
DUKE REALTY INVT INC COM NEW COM 264411505 1663 85300 SH SOLE 49900 35400
ENTERGY CORP NEW COM COM 29364G103 1429 55500 SH SOLE 31300 24200
F M C CORP COM NEW COM 302491303 1576 27500 SH SOLE 14700 12800
FEDERATED DEPT STORES COM COM 31410H101 1542 30500 SH SOLE 16200 14300
FOSSIL INC COM COM 349882100 1688 73000 SH SOLE 41200 31800
GEORGIA PAC CORP COM GA PAC GR COM 373298108 1553 30600 SH SOLE 16500 14100
GOLDEN WEST FINL DEL COM COM 381317106 1571 46900 SH SOLE 27600 19300
GPU INC COM COM 36225X100 1490 50100 SH SOLE 29000 21100
IBP INC COM COM 449223106 1339 74400 SH SOLE 42000 32400
IN FOCUS SYS INC COM COM 452919103 1528 65900 SH SOLE 36200 29700
INTERNATL RECTIFIER CP COM COM 460254105 1591 61200 SH SOLE 31800 29400
IVAX CORP COM COM 465823102 1733 67300 SH SOLE 32700 34600
KERR MCGEE CORP COM COM 492386107 1556 25100 SH SOLE 13400 11700
KNIGHT RIDDER INC COM COM 499040103 1465 24600 SH SOLE 13500 11100
LIBERTY PPTY TR SH BEN INT COM 531172104 1495 60400 SH SOLE 33700 26700
LUBRIZOL CORP COM COM 549271104 1556 50400 SH SOLE 26200 24200
MANPOWER INC COM COM 56418H100 1652 43900 SH SOLE 25400 18500
MEDQUIST INC COM COM 584949101 1190 46100 SH SOLE 25700 20400
MERCANTILE BANKSHARES COM COM 587405101 1472 46100 SH SOLE 26900 19200
MGIC INVT CORP WIS COM COM 552848103 1577 26200 SH SOLE 15300 10900
MGM GRAND INC COM COM 552953101 1675 33300 SH SOLE 18300 15000
MICRON TECHNOLOGY INC COM COM 595112103 1602 20600 SH SOLE 10800 9800
MIDWAY GAMES INC COM COM 598148104 1544 64500 SH SOLE 35700 28800
NATIONAL FUEL GAS N J COM COM 636180101 1390 29900 SH SOLE 16700 13200
NAVISTAR INTL CORP NEW COM COM 63934E108 1476 31400 SH SOLE 17500 13900
NCO GROUP INC COM COM 628858102 1642 54500 SH SOLE 31600 22900
NOBLE DRILLING CORP COM COM 655042109 1552 47400 SH SOLE 25700 21700
NORTHROP GRUMMAN CORP COM COM 666807102 1530 28300 SH SOLE 16100 12200
NUCOR CORP COM COM 670346105 1442 26300 SH SOLE 14700 11600
OLIN CORP COM PAR $1 COM 680665205 1504 75900 SH SOLE 42300 33600
PACCAR INC COM COM 693718108 1285 29000 SH SOLE 16900 12100
PEROT SYS CORP CL A COM 714265105 1350 71500 SH SOLE 39800 31700
PMI GROUP INC COM COM 69344M101 1562 32000 SH SOLE 18600 13400
PNC BK CORP COM COM 693475105 1264 28400 SH SOLE 16600 11800
POWERTEL INC COM COM 73936C109 1626 16200 SH SOLE 8100 8100
PUBLIC SVC ENTERPRISE COM COM 744573106 1567 45000 SH SOLE 26500 18500
SALTON INC COM COM 795757103 1558 46600 SH SOLE 24300 22300
SCIENTIFIC ATLANTA INC COM COM 808655104 1537 27500 SH SOLE 15900 11600
SENSORMATIC ELECTRS CP COM COM 817265101 1606 92100 SH SOLE 51300 40800
SHAW INDS INC COM COM 820286102 1528 98600 SH SOLE 55000 43600
SOUTHTRUST CORP COM COM 844730101 1550 41000 SH SOLE 23900 17100
SPIEKER PPTYS INC COM COM 848497103 1614 44300 SH SOLE 25200 19100
STERLING SOFTWARE INC COM COM 859547101 1566 49700 SH SOLE 26700 23000
SUIZA FOODS CORP COM COM 865077101 1506 38000 SH SOLE 21200 16800
SUMMIT TECHNOLOGY INC COM COM 86627E101 1066 91200 SH SOLE 52300 38900
SYBASE INC COM COM 871130100 1627 95700 SH SOLE 56100 39600
SYNOPSYS INC COM COM 871607107 1542 23100 SH SOLE 13300 9800
SYSCO CORP COM COM 871829107 1705 43100 SH SOLE 24900 18200
TELEPHONE & DATA SYS COM COM 879433100 1487 11800 SH SOLE 6600 5200
TEMPLE INLAND INC COM COM 879868107 1543 23400 SH SOLE 12900 10500
TEREX CORP NEW COM COM 880779103 1523 54900 SH SOLE 30800 24100
TEXAS INDS INC COM COM 882491103 1490 35000 SH SOLE 19500 15500
THQ INC COM NEW COM 872443403 1207 52050 SH SOLE 30600 21450
TIDEWATER INC COM COM 886423102 1570 43600 SH SOLE 23300 20300
TIFFANY & CO NEW COM COM 886547108 1687 18900 SH SOLE 9600 9300
TRIGON HEALTHCARE INC COM COM 89618L100 1667 56500 SH SOLE 31100 25400
U S G CORP COM NEW COM 903293405 1489 31600 SH SOLE 17900 13700
UNIONBANCAL CORP COM COM 908906100 1376 34900 SH SOLE 19600 15300
UNITED HEALTHCARE CORP COM COM 910581107 1673 31500 SH SOLE 17800 13700
USFREIGHTWAYS CORP COM COM 916906100 1613 33700 SH SOLE 17700 16000
USX MARATHON GROUP COM NEW COM 902905827 1491 60400 SH SOLE 35100 25300
VALUEVISION INTL INC CL A COM 92047K107 1450 25300 SH SOLE 14100 11200
VARIAN INC COM COM 922206107 1440 64000 SH SOLE 35700 28300
VISHAY INTERTECHNOLOGY COM COM 928298108 1724 54500 SH SOLE 31000 23500
WESTERN WIRELESS CORP CL A COM 95988E204 1876 28100 SH SOLE 16200 11900
WILD OATS MARKETS INC COM COM 96808B107 1500 67600 SH SOLE 39000 28600
YOUNG & RUBICAM INC COM COM 987425105 1712 24200 SH SOLE 13500 10700
ZALE CORP NEW COM COM 988858106 1616 33400 SH SOLE 19300 14100
ZEBRA TECHNOLOGIES CP CL A COM 989207105 1509 25800 SH SOLE 14500 11300
</TABLE>
