<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 13F
Form 13F Cover Page
Report for the Calendar Year or Quarter Ended: March 31, 2000
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 5/9/00
_______________________ _____________________ _________
[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.)
<PAGE>
[ ] 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
<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: $193,117
(in thousands)
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
<PAGE>
<TABLE>
CHEASPEAKE ASSET MANAGEMENT LLC
FORM 13F INFORMATION TABLE
AS OF DATE: 3/31/00
<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 1,353,122 91,350 X 15,100 76,250
ADVO INC. COMMON 007585102 1,586,050 63,442 X 25,250 38,192
AES CORP. COMMON 00130H105 472,500 6,000 X 6,000 0
AFLAC INC. COMMON 001055102 8,452,026 185,504 X 69,074 116,430
AMERADA HESS CORP. COMMON 023551104 1,160,019 17,950 X 6,200 11,750
AMERICA ONLINE INC. COMMON 02364J104 7,863,212 116,600 X 56,500 60,100
AMERICAN EXPRESS CO. COMMON 025816109 757,496 5,086 X 3,837 1,249
AMERICAN HOME PRODUCTS COMMON 026609107 447,200 8,320 X 5,400 2,920
ANHEUSER BUSCH COS.
INC. COMMON 035229103 1,729,803 27,788 X 11,896 15,892
APACHE CORP. COMMON 37411105 597,000 12,000 X 12,000 0
ARCHER DANIELS MIDLAND COMMON 039483102 438,714 42,542 X 14,420 28,122
ARGOSY GAMING CORP. COMMON 040228108 172,853 12,130 X 12,130 0
BJS WHSL CLUB INC. COMMON 05548J106 4,457,103 116,146 X 40,992 75,154
BP AMOCO ADS COMMON 055622104 211,615 3,974 X 1,058 2,916
BAKER HUGHES INC. COMMON 057224107 211,750 7,000 X 7,000 0
BANK ONE CORP. COMMON 06423A103 2,313,438 67,300 X 38,200 29,100
BELL ATLANTIC CORP. COMMON 077853109 269,378 4,407 X 2,147 2,260
BRISTOL MYERS SQUIBB COMMON 110122108 357,628 6,166 X 2,000 4,166
BRITISH TELECOM PLC COMMON 111021408 1,580,250 8,400 X 3,950 4,450
CABLETRON SYSTEMS INC. COMMON 126920107 3,517,500 120,000 X 74,600 45,400
CADBURY SCHWEPPES PLC COMMON 127209302 472,841 16,664 X 8,374 8,290
CARNIVAL CORP. CL A COMMON 143658102 1,019,074 41,071 X 20,000 21,071
CHASE MANHATTAN CORP. COMMON 16161A108 5,514,609 63,250 X 31,900 31,350
CHUBB CORP. COMMON 171232101 702,650 10,400 X 7,000 3,400
CHURCH & DWIGHT INC. COMMON 171340102 243,891 14,190 X 1,700 12,490
CISCO SYSTEMS INC. COMMON 17275R102 357,184 4,620 X 4,620 0
CITIGROUP INC. COMMON 172967101 4,209,272 70,301 X 36,301 34,000
COPYTELE INC. COMMON 217721109 66,500 28,000 X 28,000 0
CORNING INC. COMMON 219350105 795,400 4,100 X 600 3,500
CYPRESS SEMICONDUCTOR COMMON 232806109 2,462,500 50,000 X 30,700 19,300
DIAMOND OFFSHORE
DRILLING COMMON 25271C102 798,750 20,000 X 14,100 5,900
E I DUPONT DE NEMOURS COMMON 263534109 272,946 5,156 X 5,156
EQUITY RESIDENTIAL
PPTYS COMMON 29476L107 202,344 5,035 X 2,809 2,226
ERICSSON L M TEL CO. A COMMON 294821400 20,342,490 216,842 X 67,300 149,542
EXXON CORP. COMMON 302290101 28,118,837 360,787 X 348,695 12,092
4
<PAGE>
FEDEX CORP. COMMON 31428X106 1,160,494 29,900 X 20,700 9,200
FEDERAL NAT MTG ASSN. COMMON 313586109 2,015,039 35,625 X 13,300 22,325
FIRST HEALTH GROUP CO. COMMON 320960107 578,010 18,277 X 5,000 13,277
FIRST UNION CORP COMMON 337358105 213,442 5,730 X 5,730
GENERAL ELECTRIC CO. COMMON 369604103 8,614,622 55,355 X 12,100 43,255
GENERAL MOTORS CORP. COMMON 370442105 2,385,663 28,808 X 18,700 10,108
HALLIBURTON CO. COMMON 406216101 411,250 10,000 X 10,000 0
HEILIG MEYERS CO. COMMON 422893107 64,843 16,468 X 4,537 11,931
HOMEBASE INC. COMMON 43738E108 46,088 23,044 X 2,222 20,822
IMPERIAL CHEMICAL INDS
PLC COMMON 452704505 636,131 19,725 X 13,400 6,325
INTEL CORP. COMMON 458140100 343,037 2,600 X 800 1,800
INTL BUSINESS MACHINES COMMON 459200101 2,768,988 23,466 X 20,668 2,798
ELI LILLY & CO. COMMON 532457108 2,589,544 41,350 X 22,100 19,250
LOCKHEED MARTIN CORP. COMMON 539830109 2,451,601 119,956 X 50,200 69,756
LORAL SPACE & COMMUN COMMON G56462107 1,905,103 187,004 X 79,654 107,350
MCI WORLDCOM COMMON 55268B106 3,414,591 75,357 X 35,913 39,444
MARIMBA INC. COMMON 56781Q109 441,250 10,000 X 5,400 4,600
MERCK & CO. INC. COMMON 589331107 5,048,402 81,262 X 33,000 48,262
MINIMED INC. COMMON 60365K108 647,500 5,000 X 5,000 0
MORGAN J P & CO. INC. COMMON 616880100 1,119,875 8,500 X 4,200 4,300
MOTOROLA INC. COMMON 620076109 2,920,730 20,005 X 7,200 12,805
NEWS CORP LTD. ADR COMMON 652487703 2,863,125 50,900 X 23,400 27,500
NEWSCORP LTD. SPON ADR COMMON 652487802 740,125 15,500 X 1,500 14,000
NOKIA CORP SPON ADR COMMON 654902204 266,400 4,800 X 4,800 0
NORTH AMERICAN VACCINE COMMON 657201109 496,986 184,925 X 97,200 87,725
ORACLE SYSTEMS CORP. COMMON 68389X105 1,811,050 23,200 X 14,000 9,200
PARAMETRIC TECHNOLOGY COMMON 699173100 2,548,562 121,000 X 72,700 48,300
PEPSICO INC. COMMON 713448108 906,426 25,991 X 16,691 9,300
PFIZER INC. COMMON 717081103 702,000 19,200 X 19,200
PITNEY BOWES INC. COMMON 724479100 509,438 11,400 X 9,000 2,400
PIXAR COMMON 725811103 1,770,100 49,600 X 31,900 17,700
PXRE CORP. COMMON 693674103 1,456,169 85,657 X 46,600 39,057
QWEST COMMUNICATIONS COMMON 749121109 614,400 12,800 X 12,800 0
REDWOOD TR INC PFD CV CONVERT 758075600 288,562 11,400 X 11,400 0
ROYAL DUTCH PETROLEUM
NY COMMON 780257804 3,850,602 66,605 X 17,100 49,505
SBC COMMUNICATIONS INC. COMMON 78387G103 371,206 8,812 X 4,927 3,885
SANTA CRUZ OPERATIONS COMMON 801833104 308,438 32,900 X 23,700 9,200
SCHLUMBERGER LTD. COMMON 806857108 3,443,188 45,009 X 11,024 33,985
SCIENTIFIC ATLANTA INC. COMMON 808655104 1,037,300 16,400 X 10,000 6,400
SINGER CO. N V COMMON 82930F109 16,538 18,900 X 9,000 9,900
SOUTHDOWN INC. COMMON 841297104 755,793 12,756 X 3,168 9,588
SPDR TR UNIT SER 1 COMMON 78462F103 466,162 3,100 X 1,500 1,600
TELEFONICA DE ESPANA COMMON 879382208 1,326,553 17,836 X 6,363 11,473
TEXACO INC. COMMON 881694103 610,062 11,350 X 4,800 6,550
TEXAS INSTRUMENTS INC. COMMON 882508104 1,472,000 9,200 X 9,200 0
3 COM CORP. COMMON 885535104 773,187 13,900 X 9,300 4,600
TIME WARNER INC. COMMON 887315109 385,600 3,856 X 3,856
TITAN CORP. COMMON 888266103 2,110,225 41,600 X 30,000 11,600
TOOTSIE ROLL INDS. INC. COMMON 890516107 631,707 20,054 X 7,379 12,675
5
<PAGE>
TRANSOCEAN SEDCO FOREX COMMON G90078109 577,522 11,255 X 4,607 6,648
TRIANGLE
PHARMACEUTICALS COMMON 89589H104 303,188 19,250 X 19,250 0
TYCO INTERNATIONAL LTD. COMMON 902124106 1,560,491 31,132 X 26,800 4,332
UAL CORP. COMMON 902549500 1,373,350 22,700 X 16,600 6,100
UNILEVER N V COMMON 904784501 2,490,132 51,743 X 17,230 34,513
UNION PACIFIC CORP. COMMON 907818108 227,473 5,814 X 4,164 1,650
UST INC. COMMON 902911106 515,469 32,990 X 14,000 18,990
VERITAS SOFTWARE COMMON 923436109 641,900 4,900 X 3,400 1,500
VODAFONE GROUP PLC COMMON 92857T107 420,330 7,565 X 1,165 6,400
WALT DISNEY CO. COMMON 254687106 4,460,453 108,132 X 42,002 66,130
WARNER LAMBERT CO. COMMON 934488107 348,744 3,570 X 3,570
WIND RIVER SYSTEMS INC. COMMON 973149107 1,957,500 54,000 X 32,700 21,300
XL CAPITAL LTD. CL A COMMON G98255105 791,863 14,300 X 11,200 3,100
TOTAL
</TABLE>
6
02322001.AF9
