UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended: March 31, 1999
Institutional Investment Manager Filing this Report:
Elliott and Associates, Inc.
230 Fountain Square
P.O. Box 727
Bloomington, IN 47402-0727
(812) 332-5259
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 here in 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: Julie Higgins
Title: Vice President
Phone: 812-332-5259
Signature, Place, and Date of Signing:
Julie Higgins Bloomington, Indiana June 29, 1999
Report Type: 13F Holdings Report
FORM 13F SUMMARY PAGE
Report Summary:
Number of other included managers: 0
Form 13F Information Table Entry Total: 270
Form 13F Information Table Value Total: $173,403,807.33
<TABLE> <C> <C>
Current
Description Symbol CUSIP Quantity Price Current Value
- ------------------------- --------- --------- ------------- ---------- -----------------
Equities
3COM Corp COMS 885535104 500 23.31 11655.00
A.G. Edwards AGE 281760108 500 32.69 16343.75
Acclaim Entertainment AKLM 004325205 200 8.94 1787.50
AES Corporation AES 00130H105 32800 37.25 1221800.00
Aetna Inc AET 008117103 500 83.00 41500.00
Airtouch Communications ATI 00949T100 71889 96.63 6946274.63
Allied Signal, Inc. ALD 019512102 4800 49.19 236100.00
Allstate Corporation ALL 020002-00-1 34526 37.06 1279533.56
Alltel Corp AT 9 62.38 561.38
Alza Corporation AZA 022615-10-8 16700 38.25 638775.00
Amber Resources Company AMBE 023184203 50 0.00 0.00
American Biomed, Inc. ABMI 02461T104 10000 0.15 1500.00
American Electric Power AEP 025537101 300 39.69 11906.40
American Express AXP 025816109 1000 117.75 117750.00
American Home Products AHP 026609107 35391 65.25 2309262.75
Ameritech Corporation AIT 080954101 2456 57.63 141527.00
Amgen Incorporated AMGN 031162100 6000 74.88 449250.00
AMP Inc. Pennsylvania AMP 031897101 360 53.50 19260.00
Analog Devices, Inc. ADI 032654105 2000 29.75 59500.00
Analysts Int'l Corp. ANLY 78176751-1 100 11.50 1150.00
Anglogold LTD ADR AU 035128206 463 20.13 9317.88
Anheuser Busch BUD 035229103 500 76.13 38062.50
Apollo Group, Inc. Cla A APOL 037604105 25400 29.13 739775.00
Apple Computer, Inc. AAPL 037833100 19400 35.94 697187.50
Archstone Community Trust ASN 743445108 32195 20.13 647924.38
Area Bancshares Corp. AREA 039872106 5350 23.38 125056.25
Armstrong World Ind. ACK 042476101 4000 45.19 180750.00
Arvin Industries ARV 043339100 1100 33.68 37048.00
Astrazeneca Plc. Spons ZEN 98934D106 498 47.06 23437.37
At & T Corp. T 001957109 3908.57 79.81 311952.74
AT Home CP Com Ser A ATHM 045919107 100 157.50 15750.00
Atlantic Richfield Co ARC 048825-10-3 1000 73.13 73125.00
Baker Hughes, Inc. BHI 057224107000 4000 24.31 97240.00
Banc One Corp Ohio ONE 064234103 21328 55.06 1174383.66
Bank of New York BK 064057102 43800 35.94 1574062.50
BankAmerica Corporation BAC 066050105 2838 70.63 200433.75
Barrick Gold Corporation ABX 1700 17.06 29006.25
BCR Corporations Inc. BCR 055350102 30000 0.00 0.00
Bear Stearns Co. Inc. BSC 073902108 21420 44.69 957206.25
Bell Atlantic Corporation BEL 077853104 1304 51.69 67400.50
Bell South BLS 079860102 3886 40.06 155684.82
Berkshire Hathaway, Inc. BRKA 084670108 3 71400.00 214200.00
Bioject Med. Technologies BJCT 09059T107 5000 0.63 3125.00
Biomet, Inc. BMET 090613100 100 41.94 4193.80
Bowater, Inc. BOW 102183100000 23100 39.63 915337.50
BP Amoco PLD ADR BPA 055622104 92870 101.00 9379870.00
Bristol Myers Squibb Co BMY 110122108 32200 64.13 2064825.00
British Petroleum Plc Adr BP 110889409 800 101.00 80800.00
Cadence Design Systems CDN 127387-10-8 23000 26.38 606625.00
Campbell Soup Co. CPB 134429109 3000 40.69 122062.50
CBL & Associates CBL 184830100 8000 23.25 186000.00
Cendant Corp. In. Prides CDPRI 151313301 22050 28.69 632559.38
Cendant Corporation CD 126545102 172964 15.94 2756613.75
Century Tel Enterprises CTL 156686107 375 70.25 26343.75
Chase Manhattan CMB 16161A108 450 81.38 36618.75
Chemed Corporation CHE 163596109 1000 25.75 25750.00
Chevron Corporation CHV 166751107 4000 88.75 355000.00
Ciber Inc. CBR 17163B102 500 19.38 9687.50
Cinergy CIN 172474108 2748 27.50 75570.00
Cisco Systems Inc. CSCO 5800 109.56 635465.40
Citigroup C 173034430 13400 63.88 855925.00
CMC Industries Inc. CMCI 12570810700 20400 5.25 107100.00
CNB Bancshares Inc. BNK 126126101 235 40.25 9458.75
CNB Capital Trust BNK PRA 12613G207 2000 25.88 51760.00
Coca-Cola Company KO 191216100 1360 61.38 83470.00
Colgate-Palmolive CL 194162103 10450 92.00 961400.00
Columbia Healthcare COL 197677107 1820 18.94 34466.25
Community First Financial CFF 4000 28.03 112120.00
Compaq Computer CPQ 204493100 105800 31.69 3352537.50
Computer Science Corp. CSC 200 109.56 21912.60
Conseco Incorporated CNC 208464-10-7 24734 30.88 763662.25
Consolidated Edison NY ED 209115104 400 45.31 18125.20
Consolidated Products COP 209798107 9452 17.50 165410.00
Cracker Barrel CBRL 224100107 24300 18.00 437400.00
Crescent Real Estate CEI 225756105 20300 21.50 436450.00
Crompton & Knowles Corp. CNK 227111101 1200 15.75 18900.00
Crossman Communities Inc. CROS 22764E109 1000 19.94 19938.00
Cypress Amax Minerals Co CYM 232804103 3355 12.13 40679.38
Danaher Corporation DHR 235851102000 35000 52.25 1828750.00
Data Processing Corp. DPRC 237823109 1000 13.68 13680.00
Dell Computer Corporation DELL 247025109 900 40.88 36787.50
Delphi Automotive Systems DPH 247126105 3100 17.75 55025.00
Deutsche Tele Ag Spn Adr DT 251566105 2000 40.44 80875.00
Dial Corporation DL 25247D101 3000 34.38 103125.00
Duke Realty Investments DRE 264411505 63700 21.50 1369550.00
duPont deNemours DD 263534109 7760 58.06 450561.12
Einstein/Noah Bagel Corp. ENBX 282577-10-5 15000 1.31 19695.00
Elan Corp PLC ADR ELN 284131208 37100 69.75 2587725.00
Elf Aquitaine Spsd ADR ELF 286269105 1500 67.31 100965.00
Eli Lilly & Co. LLY 532457108 91081.963 84.88 7730581.61
Embratel Part S A SPNADR EMT 29081N100 500 16.69 8343.75
Emmis Broadcasting Corp. EMMS 291525103 300 50.00 15000.00
Entertainment Properties EPR 29380T-10-5 16900 17.25 291525.00
Ericsn Lm Tel SEK10B ADR ERICY 294821400 1554 23.81 37000.74
EVI, Weatherford Inc. WFT 268939105 25000 26.13 653125.00
Exxon XON 302290101 8736 70.56 616412.16
Fannie Mae FNM 313586109 54200 69.25 3753350.00
FEC Shareholder Trust FEXC 2600 0.00 0.00
Federated Department Strs FD 31410J107 1200 40.13 48150.00
Felcor Suite Hotels FCH 314305103 1400 23.19 32463.20
First Indiana Corp. FISB 32054R108 9743 19.00 185117.00
First Merchants Corp. FMRE 320817109 3862 24.50 94619.00
First Merit Corporation FBOH 24165 25.75 622248.75
First Union Corp FTU FTU 8700 53.69 467081.25
Firstar Corp. FSR 6926 89.50 619877.00
Ford Motor Co. F 345370100 300 55.69 16706.25
Forest Oil New FST 80559C100000 1063 7.50 7972.50
Fort James Corp Virginia FJ 347471104 34400 31.69 1090050.00
Fox Entertainment Group FOX 35138T107 67500 27.13 1830937.50
Freddie Mac FRE 313400301 35200 57.31 2017312.00
Gannett Company Inc. GCI 364730101 1600 63.00 100800.00
Gap Inc. GPS 364760108 15600 67.31 1050036.00
General Electric GE 369604103 20554.658 110.63 2273859.04
General Motors Corp. GM 370442105 200 87.00 17400.00
Genesis Health Ventures GHV 371912106 1500 4.88 7312.50
Genzyme Corp Gen'l Div GENZ 372917104 2000 50.44 100875.00
Getty Realty Corporation GTY 374297109 550 12.50 6875.00
Gillette Co. G 375766102 2600 59.44 154537.50
Glaxo Hldgs PLC SPNS ADR GLX 377327309 2000 66.94 133875.00
Glenborough Realty Prf. GLBPRA 37803P204 4500 16.75 75375.00
Glenborough Realty Trust GLB 37803P204000 1600 16.75 26800.00
Great American Rec. GREAT 500 0.00 0.00
GTE Corp. GTE 362320102 1000 60.50 60500.00
Guidant Corporation GDT 401698105 7200 60.50 435600.00
Gulfstream Aerospace Corp GAC 35-1811149 57200 43.38 2481050.00
H.J. Heinz Co. HNZ 423074103 2400 47.38 113700.00
Halliburton Company HAL 406216101 9000 38.50 346500.00
Health Care REIT HCN 42217K106 350 21.50 7525.00
Health Management Assoc. HMA 421933-10-2 235596 12.19 2871326.25
Hewlett Packard Inc HWP 428236103 14890 67.81 1009720.68
Honeywell Inc. HON 438506107 20900 75.81 1584429.00
Hospitality Pptys Trust HPT 44106M102 1400 0.06 84.00
HRPT Properties Trust HRP 422169102 12900 13.50 174150.00
Hubbell Class A HUB.A 443510102 195 37.00 7215.00
Hubbell Inc. Class B HUB.B 4435102101 240 40.00 9600.00
Hummingbird Communication HUMCF 44544R101 1500 15.13 22687.50
ICOS Corp Del Par ICOS 449295104 200 33.75 6750.00
IMP Chem. Ind. Plc. Adr. ICI 452704505 200 35.81 7162.60
Indiana United Bancorp IUBC 455149104 4536 26.00 117936.00
Infinity Broadcasting INF 45662S102 1600 25.75 41200.00
Intel Corporation INTC 458140100 2500 118.88 297187.50
Inter Tel Inc. INTL 458372109 17000 15.56 264562.50
Intl Business Machines IBM 459200101 2249 177.25 398635.25
Ipalco IPL 462613100 7200 21.94 157953.60
JC Penney JCP 708160106 300 40.50 12150.00
Kerr McGee Corp. KMG 492386107 600 32.81 19686.00
Kimberly-Clark Corp. KMB 494368103 16200 47.94 776587.50
Kroger Company KR 501044101 41930 59.88 2510558.75
Leap Wireless Int'l Inc. LWIN 521863100 50 12.88 643.75
Lehman Brothers Cisco Sys YCS 524908-25-8 1000 86.50 86500.00
Lennar Corporation LEN 526057-10-4 19900 22.38 445262.50
Lilly Industries A LI 532491107 750 15.50 11625.00
Lockheed Martin Corp. LMT 539830109 1048 37.75 39562.00
Lucent Technologies LU 549463107 6348.14 108.00 685599.12
Mack Cali Realty Corp. CLI 554459104 2000 29.38 58750.00
Masco Corporation MAS 574599106 64250 28.25 1815062.50
Mattel, Inc. MAT 577081102 42000 29.00 1218000.00
MCI Worldcom WCOM 98155K102 28487 88.56 2522808.72
McKesson HBOC, Inc. MCK 58155Q103 46665 66.00 3079890.00
MCN Corporation MCN 55267J100 600 16.06 9637.50
Medaphis Corp MEDA 584028104 500 2.44 1218.75
Medtronic Inc MDT 585055106 10000 71.88 718750.00
Merck and Company Inc. MRK 589331107 76520 80.13 6131165.00
Merrill Lynch MER 590188108 50100 88.50 4433850.00
MGIC Invt Corp Wis MTG 552848103 15500 35.06 543430.00
Microsoft Corporation MSFT 594918104 200 89.63 17925.00
Mirage Resorts, Inc MIR 60462E104 4700 21.25 99875.00
Mobil Corporation MOB 607059102 4600 88.00 404800.00
Monroe Bancorp MROE 610313108 9600 14.00 134400.00
Monsanto Co. MTC 611662107 41200 45.94 1892625.00
Morgan Stanley Dean Wittr MWD 617446448 390 99.94 38975.63
Motorola Inc. MOT 620076109 1200 73.25 87900.00
Mutual Risk Managment MM 628351108 36858 38.50 1419033.00
Nabors Industries, Inc. NBR 629568106 13900 18.19 252806.25
National City Corp. NCC 635405103 439.02 66.38 29139.95
National Fuel Gas Co. NFG 636180101 400 39.25 15700.00
Nationwide Healty Pptys NHP 638620104 1200 19.00 22800.00
Nestle ADR NSRGY 641069406 4400 90.00 396000.00
Network Associates Inc. NETA 640938106 77300 30.69 2372143.75
Newell Rubbermaid, Inc. NWL 651192106 15200 49.88 758100.00
Nisource, Inc. NI 629140104 400 27.00 10800.00
Noble Affiliates Inc. NBL 654894104 6800 29.00 197200.00
Nokia Corp "A" ADR NOKA 654902204 600 155.75 93450.00
Nortel Networks Corp. NT 665815106 23000 62.13 1428875.00
Northern Border Partners NBP 664785102 1000 30.56 30562.50
Novartis NVTSY 66987V109 43168 81.11 3501226.98
Novell Inc. NOVL 670006105 1500 25.19 37780.50
Occidental Petroleum OXY 674599105 8600 18.00 154800.00
Ohio Casualty OCAS 677240103 4500 39.00 175500.00
Old National Bancorp Ind OLDB 680033107 1050 45.69 47971.88
Oracle Corp ORCL 68389X105 51725 26.38 1364246.88
Oxford Health Plans Inc. OXHP 691471106 15000 15.63 234375.00
Patriot American PAH 703353102 18190 5.13 93223.75
Patriot American Prf. PAH PF 239 23.50 5616.50
PepsiCo Inc. PEP 713448108 1600 39.18 62688.00
Perot Systems CP Del Com PER 714265105 5000 25.63 128125.00
Pfizer Inc. PFE 717081103 29200 138.75 4051500.00
Philip Morris Companies MO 718154107 2850 35.19 100284.38
Potomac Electric Power POM 737679100 344 23.19 7976.33
PPG Industries Inc PPG 693506107 1600 51.25 82000.00
Prentiss Properties Tr PP 740706106 4000 18.75 75000.00
Public Storage Inc. PSA 74460D189 500 25.00 12500.00
Qualcomm Inc QCOM 747525103 200 124.38 24875.00
Qwest Comm. Intl. Inc. QWST 749121109 20000 72.09 1441876.00
Radon Testing RDON 2000 0.00 0.00
Repsol S A ADR REP 76026T205 35950 51.25 1842437.50
Republic Bancorp Inc REPBA 1000 0.00 0.00
Republic Capital Tr 8.5% REPCAPTR 5000 11.00 55000.00
Revlon Inc. Class A REV 761525500 38700 20.63 798187.50
RMH Teleservices Inc RMHT 749938106 1500 2.06 3093.75
Roche Holding Ltd. ROHHY 771195104 10000 122.00 1220000.00
Roper Industries ROP 776696106 40 23.88 955.00
Royal Dutch Petroleum RD 780257804 15200 52.00 790400.00
Saks Incorporated SKS 79377W108 41750 26.00 1085500.00
Sara Lee Corp. SLE 803111103 2200 24.75 54450.00
SBC Communications SBC 845333103 10028 47.50 476330.00
Schlumberger Ltd. SLB 806857108 6400 60.19 385203.20
Service Corp. Int'l SRV 817565104 26400 14.25 376200.00
Silicon Valley Resh SVRI 827068206 1500 0.13 187.50
Simon Property Group, Inc SPG 828806109 5800 27.44 159140.40
SLI, Inc. SLI 78442T108 78500 21.00 1648500.00
Snyder Communications Inc SNC 832914105 16100 27.94 449793.75
Sonat, Inc. SNT 835415100 2200 30.00 66000.00
St. Mary's Land & Exp. MARY 792228108 14145 17.38 245769.38
Staples SPLS 855030102 94750 32.88 3114906.25
Starwood Hotels & Resort HOT 85590A203 18100 28.56 516981.25
Steris Corp STE 400 26.63 10650.00
Strategia Corp. SAA 862682108 100 0.66 65.70
Sun Microsystems Inc SUNW 866810104 58500 125.06 7316156.25
Sunbeam Corporation SOC 867071-10-2 14200 5.56 78994.60
Sungroup Inc. SCUP 500 0.00 0.00
TCI Comm 9.72 Preferred TCIP 87228U205000 400 27.38 10950.00
Telecellular Sul P SPADR TSU 879238103 50 19.13 956.25
Telecentro OES C P SPADR TRO 87923P105 166 3.69 612.13
Telecentro Sul Prt SPADR TCS 879239101 100 46.19 4618.75
Telecmuntn. Br. Sa. Spn. TBR 879287100 500 0.15 75.00
Telecom Italia Spa TI 87927W106 15800 104.38 1649125.00
Telefonos de Mexico ADS TMX 879403780 1000 66.00 66000.00
Telemig Cel Part Spn ADR TMB 879UUE105 25 26.19 654.69
Telenordeste Cel P SPADR TND 87924W109 25 22.25 556.25
Telenorte Cel Part SPADR TCN 879244105 10 29.75 297.50
Telenorte Les Part SPADR TNE 879246106 500 15.38 7687.50
Telesp Cel Part SPN ADR TCP 879526108 200 20.94 4187.40
Telesp Part SA SPN ADR TSP 87452R100 500 20.63 10312.50
Teleste Cel Part SPADR TBE 87993B102 10 32.00 320.00
Telesudeste Cel Pt SPADR TSD 879433100 100 20.25 2025.00
Teva Pharmaceutical ADR TEVIY 881624209 1000 47.44 47438.00
Texaco Inc TX 881694103 3272 56.75 185686.00
Texas Instruments TXN 882508-10-4 35500 99.25 3523375.00
Time Warner Inc TWX 887315109 26900 68.81 1851042.80
Tricon Global Restaurants YUM 895953107 100 70.25 7025.00
Tyco Internat'l LTD New TYC 902124106 31000 71.75 2224250.00
U S West Inc. USW 91273H101 205 55.06 11287.92
United Rentals Inc. URI 911363109 15000 28.50 427500.00
United States Filter Corp USF 911843209000 7500 30.75 230625.00
United Technologies Corp. UTX 913017109 14800 135.44 2004482.40
Unocal Corp. UCL 915289102 22800 36.88 840750.00
Unum Corp UNM 903192102 2000 47.56 95120.00
USEC Inc USU 90333E108 3200 13.63 43600.00
USX Capital Trust I XPRZ 600 42.13 25275.00
Wal Mart Stores WMT 931142103 7950 92.19 732890.63
Walgreen Company WAG 931422-10-9 140 28.25 3955.00
Walt Disney Company DIS 254687106 2500 31.13 77812.50
Warner Lambert Co. WLA 924488107 12300 69.50 854850.00
Wells Fargo & Co WFC 949746101 2500 35.06 87656.25
William Companies, Inc. WMB 969457-10-0 25302.192 39.50 999436.58
Williams Clayton Energy CWEI 1000 5.38 5375.00
World Color Press Inc. WRC 981443104 45100 21.25 958375.00
YPF Sociedad Anon ADR D YPF 984245100 59800 30.75 1838850.00
-----------------
173384787.28
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