UNITED STATES
SECURITY AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 1999
Check here if Amendment [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: A R Asset Management, Inc.
Address: 335 North Maple Drive
Suite 366
Beverly Hills, CA 90210
13F File Number:
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 item, statements,
schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Monica St. Lanne
Title: Vice President
Phone: 310-859-7644
Signature, Place, and Date of Signing:
Monica St. Lanne Beverly Hills, CA May 13, 1999
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMNINATION REPORT.
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 102
Form 13F Information Table Value Total: $153,397
<PAGE>
<TABLE>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AMR Corp COM 001765106 673 11500 SH SOLE 11500
AON Corporation COM 037389103 397 6274 SH SOLE 6274
AT&T COM 001957109 336 4212 SH SOLE 4212
Aegon N V-ADR COM 007924103 237 2641 SH SOLE 2641
Alleghany Corp COM 017175100 320 1739 SH SOLE 1739
Alliance Gaming Inc (frmrly Un COM 01859P609 135 30011 SH SOLE 30011
American Express Companies COM 025816109 589 5000 SH SOLE 5000
American General Corp COM 026351106 1744 24732 SH SOLE 24732
American Home Products Corp COM 026609107 750 11500 SH SOLE 11500
American Intl Group COM 026874107 210 1740 SH SOLE 1740
Apple Computers Inc COM 037833100 830 23100 SH SOLE 23100
Authentic Fitness Corp COM 052661105 309 20000 SH SOLE 20000
BP Amoco PLC Spons ADR COM 055622104 588 5821 SH SOLE 5821
BankAmerica Corporation COM 06605F102 437 6183 SH SOLE 6183
BankBoston COM 06605R106 1440 33256 SH SOLE 33256
Barnes & Noble Inc COM 067774109 1092 34000 SH SOLE 34000
BellSouth Corp COM 079860102 1041 25992 SH SOLE 25992
Berkshire Hathaway Cl B COM 084670207 971 413 SH SOLE 413
Boeing Co COM 097023105 1302 38300 SH SOLE 38300
Bristol Myers COM 110122108 5983 93296 SH SOLE 93296
Cendant Corp. COM 151313103 1007 63214 SH SOLE 63214
Chase Manhattan Bank (New) COM 16161A108 2065 25374 SH SOLE 25374
Cheung Kong Holding COM 166744201 223 30000 SH SOLE 30000
Chevron Corp COM 166751107 2320 26144 SH SOLE 26144
Cisco Systems Inc COM 17275R102 1397 12750 SH SOLE 12750
CitiGroup Inc. COM 13218P105 2853 44669 SH SOLE 44669
Clear Channel Communications, COM 184502102 362 5400 SH SOLE 5400
Coca-Cola Co COM 191216100 3002 48906 SH SOLE 48906
Compaq Computer Corp COM 204493100 501 15800 SH SOLE 15800
Dell Computer Corp. COM 247025109 1030 25200 SH SOLE 25200
Delta Airlines COM 247361108 541 7780 SH SOLE 7780
Diamond Offshore Drilling Inc. COM 25271C102 202 6400 SH SOLE 6400
Donaldson, Lufkin & Jenrette, COM 257661108 2790 40000 SH SOLE 40000
Du Pont E I De Nemours Co COM 263534109 461 7940 SH SOLE 7940
Enron Corp. COM 293561106 257 4000 SH SOLE 4000
Equitable Cos Inc COM 29444G107 1501 21450 SH SOLE 21450
Exxon Corporation COM 302290101 3031 42952 SH SOLE 42952
Federal Home Loan COM 313400301 9437 164660 SH SOLE 164660
Federal National Mortage Assn COM 313586109 1094 15800 SH SOLE 15800
Federated Department Stores In COM 31410H101 1036 25813 SH SOLE 25813
First Union Real Estate COM 337400105 281 64200 SH SOLE 64200
Ford Motor Cp DE COM 345370100 266 4692 SH SOLE 4692
Freeport McMoran Copper & Gold COM 35671D857 195 17904 SH SOLE 17904
General Electric COM 369604103 8765 79228 SH SOLE 79228
General Motors Class H New COM 370442832 631 12518 SH SOLE 12518
General Motors Corporation COM 370442105 202 2327 SH SOLE 2327
Gillette Company COM 375766102 2436 40988 SH SOLE 40988
Globalstar Telecommunications COM 3930H1047 416 30000 SH SOLE 30000
Grill Concepts Inc. COM 398502104 12 12353 SH SOLE 12353
Heinz (H.J.) COM 423074103 455 9600 SH SOLE 9600
Hewlett Packard Co COM 428236103 2559 37740 SH SOLE 37740
High Yield Plus Fund COM 429906100 72 10000 SH SOLE 10000
Hilton Hotels COM 432848109 471 33488 SH SOLE 33488
ITC Deltacom Inc. Com COM 45031T104 362 16600 SH SOLE 16600
Intel Corp COM 458140100 4497 37830 SH SOLE 37830
International Business Machine COM 459200101 5455 30774 SH SOLE 30774
Johnson & Johnson COM 478160104 3219 34432 SH SOLE 34432
Kimberly-Clark COM 494368103 1994 41600 SH SOLE 41600
Loews Cos. COM 540424108 4427 59328 SH SOLE 59328
Loral Space & Communications L COM G56462107 289 20000 SH SOLE 20000
Lucent Technologies, Inc. (AT& COM 549463107 670 6208 SH SOLE 6208
M&F Worldwide COM 552541104 528 75500 SH SOLE 75500
MAI Systems Corp New COM 552620205 163 55416 SH SOLE 55416
May Department Stores Comp COM 577778103 7137 182409 SH SOLE 182409
McDonald's Corp COM 580135101 1504 33200 SH SOLE 33200
Meadowbrook Golf Inc COM 583195102 1321 587050 SH SOLE 587050
Merck & Co. COM 589331107 11450 142900 SH SOLE 142900
Microsoft Corp COM 594918104 717 8000 SH SOLE 8000
Mobil Corp COM 607059102 793 9012 SH SOLE 9012
Motorola Inc. COM 620076109 1106 15104 SH SOLE 15104
Mueller Industries Inc COM 624756102 1078 48200 SH SOLE 48200
NTL Inc. COM 629407107 325 4000 SH SOLE 4000
Nordstrom COM 655664100 360 8800 SH SOLE 8800
Park Place Entertainment Corp( COM 700690100 253 33488 SH SOLE 33488
Payless Shoesource Inc COM 704379106 1010 21724 SH SOLE 21724
PepsiCo COM 713448108 1309 33400 SH SOLE 33400
Pfizer, Inc. COM 717081103 5411 39000 SH SOLE 39000
Phar-Mor COM 717113203 176 30000 SH SOLE 30000
Philip Morris Companies COM 718154107 2093 59480 SH SOLE 59480
Providian Corp COM 74406A102 495 4500 SH SOLE 4500
Raytheon Co. CL A (GM Spinnoff COM 755111309 412 7131 SH SOLE 7131
Reuters Group PLC Spons ADR COM 76132m102 825 9502 SH SOLE 9502
Revlon Inc Cl A COM 761525500 433 21000 SH SOLE 21000
Royal Dutch Petroleum NV ADR COM 780257804 1789 34400 SH SOLE 34400
SBC Communications Inc COM 78387G103 717 15198 SH SOLE 15198
Singapore Airlines COM 870794302 865 123600 SH SOLE 123600
Sun Microsystems COM 866810104 1076 8600 SH SOLE 8600
Swire Pacific Ltd Spons ADR Rp COM 870794302 180 40000 SH SOLE 40000
Texaco Inc COM 881694103 2648 46656 SH SOLE 46656
Time Warner COM 887315109 2057 29050 SH SOLE 29050
Tricon Global Restaurants-WI COM 895953107 230 3270 SH SOLE 3270
U.S. Bancorp (Formerly First B COM 902973106 4475 131367 SH SOLE 131367
USA Networks Inc (formerly HSN COM 902984103 437 12200 SH SOLE 12200
Univision COM 914906102 500 10000 SH SOLE 10000
Viacom Inc Cl B COM 925524308 1931 46000 SH SOLE 46000
Walt Disney Co. COM 254687106 1586 50958 SH SOLE 50958
Warnaco Group, Inc COM 934390105 314 12700 SH SOLE 12700
Warner Lambert Co Com COM 934488107 750 11325 SH SOLE 11325
Washington Mutual COM 939322103 627 15336 SH SOLE 15336
Waste Management, Inc. COM 94106L109 278 6271 SH SOLE 6271
Xerox Corp COM 984121103 331 6200 SH SOLE 6200
News Corp Ltd ADR Voting Shs P PRD 652487802 1535 55817 SH SOLE 55817
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