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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: 6/30/99
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 8/16/99
_______________________ _____________________ _________
[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: 107
Form 13F Information Table Value Total: $162,527
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 LP
FORM 13F INFORMATION TABLE
AS OF DATE: 6/30/99
<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>
ACUSON CORP. COMMON 005113105 1,399,922 81,450 X 5,500 75,950
ADVO INC. COMMON 007585102 1,240,684 59,792 X 12,000 47,792
AES CORP. COMMON 00130H105 348,750 6,000 X 6,000 0
AFLAC INC. COMMON 001055102 5,740,410 119,904 X 15,750 104,154
ALLSTATE CORP. COMMON 020002101 245,528 6,844 X 6,844 0
AMERADA HESS CORP. COMMON 023551104 1,097,775 18,450 X 4,400 14,050
AMERICA ONLINE INC. COMMON 02364J104 1,536,150 13,965 X 13,965
AMERICAN EXPRESS CO. COMMON 025816109 659,864 5,071 X 2,837 2,234
AMERICAN HOME PRODUCTS COMMON 026609107 534,735 9,320 X 6,400 2,920
AMYLIN PHARMACEUTICAL COMMON 032346108 19,125 17,000 X 17,000
ANHEUSER BUSCH COS.
INC. COMMON 035229103 1,559,776 21,988 X 3,096 18,892
ARCHER DANIELS MIDLAND COMMON 039483102 1,959,621 126,939 X 50,893 76,046
ARGOSY GAMING CORP. COMMON 040228108 106,896 12,130 X 12,130 0
ASARCO INC. COMMON 043413103 1,222,813 65,000 X 49,500 15,500
AT HOME CORP. COMMON 045919107 521,176 9,663 X 9,663
AT&T CORP. COMMON 001957109 2,636,192 47,233 X 26,800 20,433
BJS WHSL CLUB INC. COMMON 05548J106 3,740,316 124,418 X 31,296 93,122
BP AMOCO ADS COMMON 055622104 229,586 2,116 X 2,116
BAKER HUGHES INC. COMMON 057224107 1,390,250 41,500 X 31,500 10,000
BRISTOL MYERS SQUIBB COMMON 110122108 444,742 6,314 X 2,000 4,314
BRITISH TELECOM PLC COMMON 111021408 1,455,625 8,500 X 3,300 5,200
CABLETRON SYSTEMS INC. COMMON 126920107 1,495,000 115,000 X 73,400 41,600
CADBURY SCHWEPPES PLC COMMON 127209302 443,679 16,664 X 16,664
CARNIVAL CORP. CL A COMMON 143658102 1,409,944 29,071 X 8,000 21,071
CHASE MANHATTAN CORP. COMMON 16161A108 5,427,875 62,750 X 27,900 34,850
CHUBB CORP. COMMON 171232101 722,800 10,400 X 7,000 3,400
CHURCH & DWIGHT INC. COMMON 171340102 308,632 7,095 X 7,095
CIFRA SA DE CV ADR COMMON 171785405 1,215,541 63,145 X 21,786 41,359
CITIGROUP INC. COMMON 172967101 3,042,375 64,050 X 30,000 34,050
CITRIX SYSTEMS INC. COMMON 177376100 351,882 6,228 X 6,228
COPYTELE INC. COMMON 217721109 48,125 28,000 X 28,000 0
CORNING INC. COMMON 219350105 315,562 4,500 X 4,500
CSG SYSTEMS
INTERNATIONAL INC. COMMON 126349109 240,139 9,170 X 9,170
DELPHI AUTOMOTIVE
SYSTEMS COMMON 247126105 272,901 14,751 X 8,804 5,947
DOLE FOOD INC. COMMON 256605106 214,437 7,300 X 7,300
4
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DONALDSON LUFKIN &
JENRETTE COMMON 257661108 602,500 10,000 X 9,100 900
DYNAMOTIVE
TECHNOLOGICAL COMMON 267924108 7,219 16,500 X 16,500
E I DUPONT DE NEMOURS COMMON 263534109 557,157 8,156 X 3,000 5,156
EASTMAN KODAK CO. COMMON 277461109 4,040,136 59,633 X 33,600 26,033
ENGELHARD CORP. COMMON 292845104 459,853 20,325 X 20,325
EQUITY RESIDENTIAL
PPTYS COMMON 29476L107 226,890 5,035 X 2,809 2,226
ERICSSON L M TEL CO. A COMMON 294821400 8,941,291 271,462 X 53,600 217,862
EXODUS COMMUNICATIONS COMMON 302088109 966,336 8,057 X 8,057
EXXON CORP. COMMON 302290101 27,837,808 360,944 X 348,850 12,094
FEDERAL HOME LOAN MTG. COMMON 313400301 469,800 8,100 X 5,000 3,100
FEDERAL NATIONAL MTG.
ASSN. COMMON 313586109 2,622,506 38,425 X 8,000 30,425
FIDELITY SECS FD OTC
PORTFOLIO MUTUAL 316389105 298,601 5,787 X 5,787
FIRST HEALTH GROUP CO. COMMON 320960107 1,130,457 52,427 X 10,000 42,427
FIRST UNION CORP. COMMON 337358105 1,716,764 36,430 X 19,150 17,280
GENERAL ELECTRIC CO. COMMON 369604103 7,337,655 64,935 X 8,200 56,735
GENERAL MOTORS CORP. COMMON 370442105 1,393,128 31,108 X 12,600 18,508
GRUPO TELEVISA SA COMMON P4987V137 563,940 26,000 X 26,000 0
HALLIBURTON CO. COMMON 406216101 452,500 10,000 X 10,000 0
HEILIG MEYERS CO. COMMON 422893107 432,573 63,497 X 10,987 52,510
HOMEBASE INC. COMMON 43738E108 401,671 63,631 X 15,648 47,983
IMPERIAL CHEMICAL INDS
PLC COMMON 452704505 784,069 19,725 X 13,400 6,325
INTL BUSINESS MACHINES COMMON 459200101 3,032,980 23,466 X 19,228 4,238
INTERNATIONAL PAPER CO. COMMON 460146103 228,136 4,540 X 4,540 0
JOHNSON & JOHNSON COMMON 478160104 268,814 2,743 X 2,743
LYCOS INC. COMMON 550818108 200,471 4,364 X 4,364
MCI WORLDCOM COMMON 55268B106 3,839,162 44,609 X 20,051 24,558
MERCK & CO. INC. COMMON 589331107 5,990,290 81,362 X 29,900 51,462
MINIMED INC. COMMON 60365K108 384,687 5,000 X 5,000 0
MORGAN J P & CO. INC. COMMON 616880100 1,334,750 9,500 X 4,200 5,300
MOTOROLA INC. COMMON 620076109 1,890,737 19,955 X 4,000 15,955
NESTLE SA REG ORD SF FOREIGN 268,363 150 X 150
NEWS CORP LTD. ADR COMMON 652487703 1,507,844 42,700 X 14,500 28,200
NEWSCORP LTD. SPON ADR COMMON 652487802 489,219 15,500 X 1,500 14,000
NORTH AMERICAN VACCINE COMMON 657201109 1,236,056 253,550 X 116,100 137,450
OCULAR SCIENCES INC. COMMON 675744106 234,424 13,492 X 13,492 0
ORACLE SYSTEMS CORP. COMMON 68389X105 2,091,511 56,337 X 33,800 22,537
PAGING NETWORK INC. COMMON 695542100 809,463 168,200 X 90,200 78,000
PARAMETRIC TECHNOLOGY COMMON 699173100 138,750 10,000 X 10,000 0
PEGASUS SYSTEMS INC. COMMON 705906105 297,815 7,955 X 7,955
PENNEY J C INC. COMMON 708160106 558,471 11,500 X 11,300 200
PEPSICO INC. COMMON 713448108 974,927 25,200 X 15,900 9,300
PFIZER INC. COMMON 717081103 697,600 19,200 X 19,200
PIONEER NAT RES CO. COMMON 723787107 168,300 15,300 X 8,500 6,800
PITNEY BOWES INC. COMMON 724479100 771,000 12,000 X 9,000 3,000
PROCTER & GAMBLE CO. COMMON 742718109 307,020 3,440 X 3,440
5
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PXRE CORP. COMMON 693674103 1,737,444 95,859 X 27,772 68,087
RAYCHEM CORP. COMMON 754603108 299,700 8,100 X 5,600 2,500
REPUBLIC NEW YORK CORP. COMMON 760719104 1,793,331 26,300 X 8,200 18,100
ROYAL DUTCH PETROLEUM
NY COMMON 780257804 4,684,739 77,355 X 5,600 71,755
SCHLUMBERGER LTD. COMMON 806857108 4,082,942 64,109 X 20,600 43,509
SCIENTIFIC ATLANTA INC. COMMON 808655104 295,200 8,200 X 5,000 3,200
SINGER CO. N V COMMON 82930F109 154,219 32,900 X 11,000 21,900
SOUTHDOWN INC. COMMON 841297104 819,573 12,756 X 3,168 9,588
SPDR TR UNIT SER 1 COMMON 78462F103 424,700 3,100 X 1,500 1,600
SUBURBAN PROPANE
PARTNERS COMMON 864482104 214,500 11,000 X 11,000
TELEFONICA DE ESPANA COMMON 879382208 1,087,371 22,172 X 22,172
TENNECO INC. COMMON 88037E101 482,036 20,190 X 15,000 5,190
TEXAS INSTRUMENTS INC. COMMON 882508104 676,800 4,700 X 4,700 0
TIME WARNER INC. COMMON 887315109 280,042 3,856 X 3,856
TOOTSIE ROLL INDS. INC. COMMON 890516107 752,067 19,471 X 7,164 12,307
TRIANGLE
PHARMACEUTICALS COMMON 89589H104 346,500 19,250 X 19,250 0
TRIMBLE NAV LTD. COMMON 896239100 248,487 19,300 X 7,500 11,800
TYCO INTERNATIONAL LTD. COMMON 902124106 1,471,278 15,528 X 12,200 3,328
U S INDUSTRIES INC. COMMON 912080108 189,312 11,136 X 7,225 3,911
UNILEVER N V COMMON 904784501 3,945,200 56,562 X 8,214 48,348
UNION PACIFIC CORP. COMMON 907818108 339,029 5,814 X 4,164 1,650
UROMED CORP. COMMON 917274300 68,750 50,000 X 50,000
UST INC. COMMON 902911106 972,882 33,190 X 9,950 23,240
VERISIGN INC. COMMON 92343E102 212,692 2,466 X 2,466
VODAFONE GROUP PLC COMMON 92857T107 276,194 1,402 X 1,402
WALT DISNEY CO. COMMON 254687106 3,812,439 123,730 X 42,200 81,530
WARNER LAMBERT CO. COMMON 934488107 257,145 3,720 X 3,720
WESTERN WATER CO. COMMON 959881103 40,250 11,500 X 11,500 0
TOTAL 162,527,294
</TABLE>
6
02322001.AF6
