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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 13F
Form 13F Cover Page
Report for the Calendar Year or Quarter Ended: 9/30/99
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: Chesapeake Asset Management LLC
Address: One Rockefeller Plaza
Suite 1210
New York, NY 10020
Form 13F File Number: 28-7490
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: Cathaleen Lindsay
Title: 13F Compliance Officer
Phone: 212-218-4040
Signature, Place, and Date of Signing:
/s/ Cathaleen Lindsay New York, NY 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.)
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[ ] 13F NOTICE. (Check her if no holdings reported are in
this report, and all holdings are reported by other
reporting manger(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).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28-
[Repeat as necessary.]
2
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 116
Form 13F Information Table Value Total: $162,299
(thousand)
List of Other Included Managers: NONE
Provide a numbered list of the name(s) and Form 13F file
number(s) of all institutional investment managers with respect
to which this report is filed, other than the manager filing this
report.
[If there are no entries in this list, state "NONE" and omit the
column headings and list entries.]
No. Form 13F File Number Name
28-
[Repeat as necessary.]
3
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<TABLE>
CHEASPEAKE ASSET MANAGEMENT LLC
FORM 13F INFORMATION TABLE
AS OF DATE: 9/30/99
<CAPTION>
(COLUMN 1) (COLUMN 2) (COLUMN 3) (COLUMN 4)(COLUMN 5) (COLUMN 6) (COLUMN 7) (COLUMN 8)
--------- -------- -------- -------- -------- --------- -------- --------
INVESTMENT DISCRETION VOTING AUTHORITY (SHARES)
SHARED
TITLE CUSIP FAIR MARKET SHRS OR SOLE SHARED OTHER OTHER SOLE SHARED NONE
NAME OF ISSUER OF CLASS NUMBER VALUE PRN AMT (A) (B) (C) MGR. (A) (B) (C)
- -------------- -------- ------ ----------- ------- --- ----- ---- ------ ------ ------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ACORN INVT TR INTL FD MUTUAL 004851200 641,899 24,519 X 24,519
ACUSON CORP. COMMON 005113105 1,038,488 81,450 X 5,500 75,950
ADVO INC. COMMON 007585102 1,117,337 56,042 X 17,500 38,542
AES CORP. COMMON 00130H105 354,000 6,000 X 6,000 0
AFLAC INC. COMMON 001055102 5,020,980 119,904 X 21,974 97,930
AMAZON COM INC. COMMON 023135106 616,958 7,718 X 7,718
AMERADA HESS CORP. COMMON 023551104 1,105,563 18,050 X 5,500 12,550
AMERICA ONLINE INC. COMMON 02364J104 5,927,920 56,965 X 19,250 37,715
AMERICAN EXPRESS CO. COMMON 025816109 819,585 6,071 X 3,837 2,234
AMERICAN HOME PRODUCTS COMMON 026609107 345,280 8,320 X 5,400 2,920
AMERITECH CORP. COMMON 030954101 222,825 3,338 X 3,338
AMYLIN PHARMACEUTICAL COMMON 032346108 80,750 17,000 X 17,000
ANHEUSER BUSCH COS.
INC. COMMON 035229103 1,526,522 21,788 X 4,896 16,892
ARCHER DANIELS MIDLAND COMMON 039483102 1,293,701 106,697 X 41,611 65,086
ARGOSY GAMING CORP. COMMON 040228108 160,723 12,130 X 12,130 0
ASARCO INC. COMMON 043413103 270,000 10,000 X 10,000 0
AT HOME CORP. COMMON 045919107 4,142,631 99,973 X 41,850 58,123
AT&T CORP. COMMON 001957109 2,098,984 48,252 X 28,000 20,252
BJS WHSL CLUB INC. COMMON 05548J106 3,433,566 116,146 X 40,992 75,154
BAKER HUGHES INC. COMMON 057224107 913,500 31,500 X 25,300 6,200
BELL ATLANTIC CORP. COMMON 077853109 296,671 4,407 X 4,407
BRISTOL MYERS SQUIBB COMMON 110122108 426,195 6,314 X 2,000 4,314
BRITISH TELECOM PLC COMMON 111021408 1,254,994 8,100 X 3,300 4,800
CABLETRON SYSTEMS INC. COMMON 126920107 1,960,938 125,000 X 77,900 47,100
CADBURY SCHWEPPES PLC COMMON 127209302 461,384 16,664 X 5,374 11,290
CARNIVAL CORP. CL A COMMON 143658102 1,264,588 29,071 X 8,000 21,071
CHASE MANHATTAN CORP. COMMON 16161A108 4,805,156 63,750 X 31,900 31,850
CHUBB CORP. COMMON 171232101 516,100 10,400 X 7,000 3,400
CHURCH & DWIGHT INC. COMMON 171340102 354,750 14,190 X 1,100 13,090
CIENA CORP. COMMON 171779101 459,425 12,587 X 12,587
CIFRA SA DE CV ADR COMMON 171785405 982,536 63,145 X 21,786 41,359
CITIGROUP INC. COMMON 172967101 3,051,444 69,351 X 30,700 38,651
CITRIX SYSTEMS INC. COMMON 177376100 385,747 6,228 X 6,228
SUBTOTAL 47,351,140
COLGATE PALMOLIVE CO. COMMON 194162103 261,001 5,705 X 5,705
COPYTELE INC. COMMON 217721109 33,250 28,000 X 28,000 0
CORNING INC. COMMON 219350105 308,531 4,500 X 4,500
4
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CSG SYSTEMS
INTERNATIONAL INC. COMMON 126349109 251,315 9,170 X 9,170
DELPHI AUTOMOTIVE
SYSTEMS COMMON 247126105 239,171 14,890 X 8,804 6,086
DIAMOND OFFSHORE
DRILLING COMMON 25271C102 1,001,250 30,000 X 17,200 12,800
DYNAMOTIVE
TECHNOLOGICAL COMMON 267924108 6,270 16,500 X 16,500
E I DUPONT DE NEMOURS COMMON 263534109 311,938 5,156 X 5,156
EASTMAN KODAK CO. COMMON 277461109 2,392,246 31,633 X 15,700 15,933
ENGELHARD CORP. COMMON 292845104 370,931 20,325 X 3,600 16,725
EQUITY RESIDENTIAL
PPTYS COMMON 29476L107 213,358 5,035 X 2,809 2,226
ERICSSON L M TEL CO. A COMMON 294821400 8,105,063 259,362 X 65,400 193,962
EXODUS COMMUNICATIONS COMMON 302088109 1,181,969 16,402 X 16,402
EXXON CORP. COMMON 302290101 27,419,964 360,789 X 348,695 12,094
FDX CORP. COMMON 31304N107 388,750 10,000 X 6,700 3,300
FEDERAL HOME LOAN MTG. COMMON 313400301 837,200 16,100 X 11,000 5,100
FEDERAL NATIONAL MTG.
ASSN. COMMON 313586109 2,258,317 36,025 X 12,100 23,925
FIDELITY SECS FD OTC
PORTFOLIO MUTUAL 316389105 274,933 5,787 X 5,787
FIRST HEALTH GROUP CO. COMMON 320960107 1,176,331 52,427 X 12,400 40,027
FIRST UNION CORP. COMMON 337358105 1,294,256 36,330 X 19,450 16,880
GENERAL ELECTRIC CO. COMMON 369604103 7,461,731 62,935 X 10,900 52,035
GENERAL MOTORS CORP. COMMON 370442105 1,341,072 21,308 X 12,600 8,708
GRUPO TELEVISA SA COMMON P4987V137 507,000 26,000 X 26,000 0
HALLIBURTON CO. COMMON 406216101 410,000 10,000 X 10,000 0
HEILIG MEYERS CO. COMMON 422893107 281,665 59,298 X 15,524 43,774
HOMEBASE INC. COMMON 43738E108 239,443 60,811 X 17,870 42,941
IMPERIAL CHEMICAL
INDS PLC COMMON 452704505 851,873 19,725 X 13,400 6,325
INTL BUSINESS MACHINES COMMON 459200101 2,839,386 23,466 X 19,228 4,238
INTERNATIONAL PAPER CO. COMMON 460146103 218,204 4,540 X 4,540 0
JOHNSON & JOHNSON COMMON 478160104 258,938 2,818 X 2,818
LYCOS INC. COMMON 550818108 218,745 4,364 X 4,364
MARIMBA INC. COMMON 56781Q109 1,090,438 36,500 X 21,200 15,300
MCI WORLDCOM COMMON 55268B106 3,206,272 44,609 X 20,942 23,667
MERCK & CO. INC. COMMON 589331107 5,292,718 81,662 X 32,500 49,162
SUBTOTAL 72,543,529
MERRILL LYNCH & CO.
INC. COMMON 590188108 1,010,625 15,000 X 10,200 4,800
MINIMED INC. COMMON 60365K108 491,250 5,000 X 5,000 0
MORGAN J P & CO. INC. COMMON 616880100 971,125 8,500 X 4,200 4,300
MOTOROLA INC. COMMON 620076109 1,703,287 19,356 X 4,900 14,456
NASDAQ 100 TR UNIT COMMON 631100104 240,750 2,000 X 1,300 700
NEWS CORP LTD. ADR COMMON 652487703 1,214,281 42,700 X 14,500 28,200
NEWSCORP LTD. SPON ADR COMMON 652487802 413,656 15,500 X 1,500 14,000
NORTH AMERICAN VACCINE COMMON 657201109 1,939,125 258,550 X 124,525 134,025
OPPENHEIMER STRATEGIC MUTUAL 68380K102 127,354 29,412 X 29,412
ORACLE SYSTEMS CORP. COMMON 68389X105 1,401,400 30,800 X 19,950 10,850
5
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PAGING NETWORK INC. COMMON 695542100 202,847 196,700 X 113,700 83,000
PARAMETRIC TECHNOLOGY COMMON 699173100 675,000 50,000 X 25,500 24,500
PEGASUS SYSTEMS INC. COMMON 705906105 298,313 7,955 X 7,955
PEPSICO INC. COMMON 713448108 792,633 25,988 X 15,900 10,088
PFIZER INC. COMMON 717081103 688,800 19,200 X 19,200
PIONEER NAT RES CO. COMMON 723787107 162,563 15,300 X 8,500 6,800
PITNEY BOWES INC. COMMON 724479100 731,250 12,000 X 9,000 3,000
PROCTER & GAMBLE CO. COMMON 742718109 322,500 3,440 X 1,000 2,440
PXRE CORP. COMMON 693674103 1,366,822 93,859 X 27,472 66,387
QWEST COMMUNICATIONS COMMON 749121109 467,088 15,800 X 12,000 3,800
REDWOOD TR INC PFD CV CONVERT 758075600 218,400 8,400 X 8,400
REPUBLIC NEW YORK CORP. COMMON 760719104 1,615,806 26,300 X 9,700 16,600
ROYAL DUTCH PETROLEUM
NY COMMON 780257804 4,037,217 68,355 X 15,100 53,255
SBC COMMUNICATIONS INC. COMMON 78387G103 204,292 4,001 X 4,001
SCHLUMBERGER LTD. COMMON 806857108 3,907,555 62,709 X 22,900 39,809
SCIENTIFIC ATLANTA INC. COMMON 808655104 406,412 8,200 X 5,000 3,200
SINGER CO. N V COMMON 82930F109 34,956 32,900 X 11,000 21,900
SOUTHDOWN INC. COMMON 841297104 682,446 12,756 X 3,168 9,588
SPDR TR UNIT SER 1 COMMON 78462F103 399,125 3,100 X 1,500 1,600
TARO PHARMACEUTICAL
INC. COMMON M8737E108 305,000 20,000 X 20,000 0
TELEFONICA DE ESPANA COMMON 879382208 839,520 17,490 X 3,120 14,370
TEXAS INSTRUMENTS INC. COMMON 882508104 773,150 9,400 X 9,400 0
SUBTOTAL 28,644,548
TIME WARNER INC. COMMON 887315109 234,252 3,856 X 3,856
TOOTSIE ROLL INDS. INC. COMMON 890516107 640,109 19,471 X 7,164 12,307
TRIANGLE
PHARMACEUTICALS COMMON 89589H104 370,562 19,250 X 19,250 0
TRIMBLE NAV LTD. COMMON 896239100 206,269 19,300 X 7,500 11,800
TYCO INTERNATIONAL LTD. COMMON 902124106 1,607,190 31,132 X 24,400 6,732
U S INDUSTRIES INC. COMMON 912080108 170,572 10,830 X 7,562 3,268
UAL CORP. COMMON 902549500 653,125 10,000 X 6,600
UNILEVER N V COMMON 904784501 3,524,992 51,743 X 12,945 38,798
UNION PACIFIC CORP. COMMON 907818108 279,435 5,814 X 4,164 1,650
UROMED CORP. COMMON 917274300 56,250 50,000 X 50,000
UST INC. COMMON 902911106 1,001,923 33,190 X 12,000 21,190
VERISIGN INC. COMMON 92343E102 262,629 2,466 X 2,466
VODAFONE GROUP PLC COMMON 92857T107 309,075 6,500 X 6,500
WALT DISNEY CO. COMMON 254687106 3,180,637 122,332 X 49,800 72,532
WARNER LAMBERT CO. COMMON 934488107 236,959 3,570 X 3,570
WESTERN WATER CO. COMMON 959881103 18,688 11,500 X 11,500 0
WIND RIVER SYSTEMS INC. COMMON 973149107 1,007,000 53,000 X 31,700 21,300
SUBTOTAL 13,759,667
SUBTOTAL PAGE 1 47,351,140
SUBTOTAL PAGE 2 72,543,529
SUBTOTAL PAGE 3 28,644,548
TOTAL 162,298,884
</TABLE>
6
02322001.AF7
