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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: 12/31/99
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 02/10/00
_______________________ _____________________ _________
[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: 99
Form 13F Information Table Value Total: $175,022
(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: 12/31/99
<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 1,023,216 81,450 X 5,500 75,950
ADVO INC. COMMON 007585102 1,304,279 54,917 X 17,500 37,417
AES CORP. COMMON 00130H105 1,345,500 18,000 X 12,200 5,800
AFLAC INC. COMMON 001055102 5,657,970 119,904 X 21,974 97,930
ALCOA INC. COMMON 13817101 249,000 3,000 X 3,000 0
AMERADA HESS CORP. COMMON 023551104 1,018,663 17,950 X 5,500 12,450
AMERICA ONLINE INC. COMMON 02364J104 7,997,225 105,400 X 43,400 62,000
AMERICAN EXPRESS CO. COMMON 025816109 845,547 5,086 X 3,837 1,249
AMERICAN HOME PRODUCTS COMMON 026609107 326,560 8,320 X 5,400 2,920
AMYLIN PHARMACEUTICAL COMMON 032346108 141,844 17,000 X 17,000
ANHEUSER BUSCH COS.
INC. COMMON 035229103 1,756,850 24,788 X 7,896 16,892
APACHE CORP. COMMON 37411105 443,250 12,000 X 12,000 0
ARCHER DANIELS MIDLAND COMMON 039483102 519,981 42,885 X 14,420 28,465
ARGOSY GAMING CORP. COMMON 040228108 188,773 12,130 X 12,130 0
AT HOME CORP. COMMON 045919107 1,925,087 44,900 X 20,350 24,550
BJS WHSL CLUB INC. COMMON 05548J106 4,239,329 116,146 X 40,992 75,154
BP AMOCO ADS COMMON 055622104 235,708 3,974 X 3,974
BELL ATLANTIC CORP. COMMON 077853109 271,306 4,407 X 4,407
BRISTOL MYERS SQUIBB COMMON 110122108 384,355 5,988 X 2,000 3,988
BRITISH TELECOM PLC COMMON 111021408 1,927,800 8,100 X 3,300 4,800
CABLETRON SYSTEMS INC. COMMON 126920107 2,730,000 105,000 X 65,500 39,500
CADBURY SCHWEPPES PLC COMMON 127209302 403,060 16,664 X 5,374 11,290
CAMBRIDGE TECH PARTNERS COMMON 132524109 525,000 20,000 X 13,000 7,000
CARNIVAL CORP. CL A COMMON 143658102 1,389,957 29,071 X 8,000 21,071
CHASE MANHATTAN CORP. COMMON 16161A108 4,913,734 63,250 X 31,900 31,350
CHUBB CORP. COMMON 171232101 585,650 10,400 X 7,000 3,400
CHURCH & DWIGHT INC. COMMON 171340102 378,696 14,190 X 1,100 13,090
CIFRA SA DE CV ADR COMMON 171785405 819,755 43,145 X 11,786 31,359
CISCO SYSTEMS INC. COMMON 17275R102 247,459 2,310 X 2,310 0
CITIGROUP INC. COMMON 172967101 3,917,671 70,351 X 30,700 39,651
COLGATE PALMOLIVE CO. COMMON 194162103 371,475 5,715 X 5,715
COPYTELE INC. COMMON 217721109 22,750 28,000 X 28,000 0
CORNING INC. COMMON 219350105 528,644 4,100 X 4,100
DELPHI AUTOMOTIVE
SYSTEMS COMMON 247126105 223,524 14,192 X 8,804 5,388
E I DUPONT DE NEMOURS COMMON 263534109 339,651 5,156 X 5,156
4
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EQUITY RESIDENTIAL
PPTYS COMMON 29476L107 214,932 5,035 X 2,809 2,226
ERICSSON L M TEL CO. A COMMON 29482140014,277,966 217,362 X 62,200 155,162
EXXON CORP. COMMON 30229010129,081,113 360,987 X 348,695 12,292
FDX CORP. COMMON 31304N107 409,375 10,000 X 6,700 3,300
FEDERAL NAT MTG ASSN. COMMON 313586109 2,224,336 35,625 X 12,100 23,525
FIRST HEALTH GROUP CO. COMMON 320960107 491,194 18,277 X 5,000 13,277
GENERAL ELECTRIC CO. COMMON 369604103 8,501,191 54,935 X 11,500 43,435
GENERAL MOTORS CORP. COMMON 370442105 1,548,825 21,308 X 12,600 8,708
HALLIBURTON CO. COMMON 406216101 982,100 24,400 X 23,200 1,200
HEILIG MEYERS CO. COMMON 422893107 45,287 16,468 X 4,537 11,931
HOMEBASE INC. COMMON 43738E108 70,572 23,044 X 2,222 20,822
IMPERIAL CHEMICAL
INDS PLC COMMON 452704505 839,545 19,725 X 13,400 6,325
INTEL CORP. COMMON 458140100 214,013 2,600 X 800 1,800
INTL BUSINESS MACHINES COMMON 459200101 2,531,395 23,466 X 19,228 4,238
INTERNATIONAL PAPER CO. COMMON 460146103 256,226 4,540 X 4,540 0
JOHNSON & JOHNSON COMMON 478160104 244,816 2,625 X 2,625
LORAL SPACE & COMMUN COMMON G56462107 3,583,760 147,404 X 43,954 103,450
MCI WORLDCOM COMMON 55268B106 3,550,598 66,913 X 30,813 36,100
MERCK & CO. INC. COMMON 589331107 5,459,791 81,262 X 32,300 48,962
MERRILL LYNCH & CO.
INC. COMMON 590188108 1,249,688 15,000 X 10,200 4,800
MINIMED INC. COMMON 60365K108 366,250 5,000 X 5,000 0
MORGAN J P & CO. INC. COMMON 616880100 1,076,313 8,500 X 4,200 4,300
MOTOROLA INC. COMMON 620076109 2,997,352 20,356 X 4,900 15,456
NEWS CORP LTD. ADR COMMON 652487703 1,575,900 41,200 X 14,500 26,700
NEWSCORP LTD. SPON ADR COMMON 652487802 518,281 15,500 X 1,500 14,000
NOKIA CORP SPON ADR COMMON 654902204 229,275 1,200 X 1,200 0
NORTH AMERICAN VACCINE COMMON 657201109 938,025 208,450 X 103,225 105,225
ORACLE SYSTEMS CORP. COMMON 68389X105 2,779,150 24,800 X 16,150 8,650
PAGING NETWORK INC. COMMON 695542100 75,969 93,500 X 79,500 14,000
PARAMETRIC TECHNOLOGY COMMON 699173100 1,894,375 70,000 X 38,000 32,000
PEPSICO INC. COMMON 713448108 916,173 25,991 X 15,900 10,091
PFIZER INC. COMMON 717081103 622,800 19,200 X 19,200
PITNEY BOWES INC. COMMON 724479100 550,762 11,400 X 9,000 2,400
PIXAR COMMON 725811103 353,750 10,000 X 4,400 5,600
PROCTER & GAMBLE CO. COMMON 742718109 369,226 3,370 X 1,000 2,370
PXRE CORP. COMMON 693674103 1,229,631 94,587 X 45,100 49,487
QWEST COMMUNICATIONS COMMON 749121109 550,400 12,800 X 9,000 3,800
REDWOOD TR INC PFD CV CONVERT 758075600 309,225 11,400 X 11,400
ROYAL DUTCH PETROLEUM
NY COMMON 780257804 4,115,525 67,955 X 15,100 52,855
SBC COMMUNICATIONS INC. COMMON 78387G103 429,585 8,812 X 8,812
SCHLUMBERGER LTD. COMMON 806857108 3,497,093 62,309 X 22,900 39,409
SCIENTIFIC ATLANTA INC. COMMON 808655104 458,175 8,200 X 5,000 3,200
SINGER CO. N V COMMON 82930F109 9,450 18,900 X 9,000 9,900
SOUTHDOWN INC. COMMON 841297104 658,529 12,756 X 3,168 9,588
SPDR TR UNIT SER 1 COMMON 78462F103 455,312 3,100 X 1,500 1,600
TELEFONICA DE ESPANA COMMON 879382208 1,405,731 17,836 X 3,182 14,654
TEXAS INSTRUMENTS INC. COMMON 882508104 2,183,725 22,600 X 16,100 6,500
5
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3 COM CORP. COMMON 885535104 1,734,300 36,900 X 20,400 16,500
TIME WARNER INC. COMMON 887315109 278,837 3,856 X 3,856
TITAN CORP. COMMON 888266103 1,968,200 41,600 X 26,400 15,200
TOOTSIE ROLL INDS. INC. COMMON 890516107 641,296 19,470 X 7,164 12,306
TRANSOCEAN SEDCO FOREX COMMON G90078109 406,373 12,063 X 4,433 7,630
TRIANGLE
PHARMACEUTICALS COMMON 89589H104 246,641 19,250 X 19,250 0
TRIMBLE NAV LTD. COMMON 896239100 352,488 16,300 X 7,500 8,800
TYCO INTERNATIONAL LTD. COMMON 902124106 1,214,148 31,132 X 24,400 6,732
UAL CORP. COMMON 902549500 1,783,938 23,000 X 13,600 9,400
UNILEVER N V COMMON 904784501 2,816,760 51,743 X 12,945 38,798
UNION PACIFIC CORP. COMMON 907818108 253,999 5,814 X 4,164 1,650
UST INC. COMMON 902911106 830,936 32,990 X 12,000 20,990
VODAFONE GROUP PLC COMMON 92857T107 374,467 7,565 X 7,565
WALT DISNEY CO. COMMON 254687106 3,162,867 108,132 X 43,000 65,132
WARNER LAMBERT CO. COMMON 934488107 292,517 3,570 X 3,570
WIND RIVER SYSTEMS INC. COMMON 973149107 2,380,625 65,000 X 36,700 28,300
XL CAPITAL LTD. CL A COMMON G98255105 741,813 14,300 X 9,200 5,100
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TOTAL 175,022,179
</TABLE>
6
02322001.AF8
