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, 1999
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: Grant Investment Management
Address: 323 N. Quincy
Hinsdale, IL 60521
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 items, statements,
schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Edmund Grant
Title: Proprietor
Phone: 630-986-1948
Signature, Place, and Date of Signing:
Edmund Grant Hinsdale, Illinois April 28, 1999
Report Type (Check only one)
[ X ] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager: None
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES
EXCHANGE
ACT OF 1934.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 0
Form 13F Information Table Value Total: 0
List of Other Included Managers: None
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FORM13F INFORMATION
TABLE
Name of Issuer Title of Cusip Fair MarkShares ofInvestment Discretion
ManagersVoting Authority (Shares)
Class Number Value Principal(a) Sol(b) Share(c) Shared
(a) Sol(b) Share(c) None
Amount Other
Abbott Labs Common 002824100 17302 369,600 8,800 360,800
None None 3,000 None 366,600
Allstate Corp. Common 020002101 2054 55,414 0 55,414
None None 0 None 55,414
American Home Common 026609107 3465 53,100 0 53,100
None None 0 None 53,100
Ameritech, Corp. Common 030954101 2835 49,200 1,200 48,000
None None 1,200 None 48,000
Automatic Data ProcessCommon 053015103 2052 49,600 0 49,600
None None 0 None 49,600
BMC Software Inc. Common 055921100 8929 240,920 1,300 239,620
None None 0 None 240,920
BP Amoco p.l.c. SponADR 055622104 15871 157,138 3,437 153,701
None None 1,587 None 155,551
Barra Inc. Common 068313105 227 9,200 3,000 6,200
None None 1,200 None 8,000
Berkshire Hathaway IncClass A 084670108 143 2 0 2
None None 0 None 2
Berkshire Hathaway IncClass B 084670207 9811 4,173 128 4,045
None None 55 None 4,118
Biomatrix Inc. Common 09060P102 889 11,400 2,500 8,900
None None 1,000 None 10,400
Buckeye Cellulose CorpCommon 11815H104 700 50,000 0 50,000
None None 0 None 50,000
Coca Cola Co. Common 191216100 3635 59,220 400 58,820
None None 0 None 59,220
Colgate-Palmolive Co. Common 194162103 4398 47,800 400 47,400
None None 0 None 47,800
Disney, (Walt) Co. Common 254687106 12163 390,766 7,700 383,066
None None 2,400 None 388,366
Exxon Corp. Common 302290101 14141 200,400 5,300 195,100
None None 2,400 None 198,000
First Health Group CorCommon 320960107 439 27,300 0 27,300
None None 0 None 27,300
First Union Corp Common 337358105 338 6,318 0 6,318 None
None 0 None 6,318
General Electric Co. Common 369604103 25695 232,275 1,600 230,675
None None 0 None 232,275
Grainger, W.W. Inc. Common 384802104 1809 42,000 0 42,000
None None 0 None 42,000
Hewlett Packard Co. Common 428236103 6928 102,160 4,700 97,460
None None 2,000 None 100,160
Intel Corp. Common 458140100 22060 185,575 3,400 182,175
None None 2,000 None 183,575
International BusinessCommon 459200101 1541 8,696 1,000 7,696
None None 1,000 None 7,696
JLG Industries Inc. Common 466210101 2815 206,575 2,800 203,775
None None 0 None 206,575
Johnson & Johnson Common 478160104 29546 316,000 4,500 311,500
None None 3,000 None 313,000
Leggett & Platt Inc. Common 524660107 7942 397,080 17,300 379,780
None None 6,400 None 390,680
Lucent Technologies InCommon 549463107 3649 33,786 1,090 32,696
None None 648 None 33,138
Merck & Co. Inc. Common 589331107 40721 508,220 8,120 500,100
None None 3,000 None 505,220
Microsoft Corp. Common 594918104 24306 271,200 3,200 268,000
None None 0 None 271,200
MidAmerica Energy HoldCommon 59562V107 323 11,500 0 11,500
None None 0 None 11,500
Herman Miller Inc. Common 600544100 5979 327,600 15,800 311,800
None None 6,000 None 321,600
Molex Inc. Common 608554101 5277 179,656 1,406 178,250
None None 1,406 None 178,250
Molex Inc. Class A Class A 608554200 6347 245,277 10,760 234,517
None None 3,906 None 241,371
Morgan, (J. P.) & Co. Common 616880100 555 4,500 0 4,500
None None 0 None 4,500
Motorola, Inc Common 620076109 8026 109,567 4,300 105,267
None None 1,800 None 107,767
Napro Biotherapeutics Common 630795102 84 35,000 0 35,000
None None 0 None 35,000
Networks Associates Common 640938106 698 22,750 750 22,000
None None 0 None 22,750
Newell Co. Common 651192106 1568 33,000 0 33,000 None
None 0 None 33,000
Northern Trust Corp. Common 665859104 6865 77,300 5,500 71,800
None None 2,100 None 75,200
Old Second Bancorp Common 680277100 1263 24,400 0 24,400
None None 0 None 24,400
Pepsico, Inc Common 713448108 13128 335,000 8,100 326,900
None None 3,000 None 332,000
Philip Morris Inc. Common 718167109 377 10,700 0 10,700
None None 0 None 10,700
Qualcomm, Inc. Common 747525103 3968 31,900 500 31,400
None None 0 None 31,900
Raytheon Co. Class B Class B 755111408 1090 18,600 0 18,600
None None 0 None 18,600
Schering- Plough, Inc.Common 806605101 37881 685,628 12,000 673,628
None None 5,600 None 680,028
Schlumberger, Ltd. Common 806857108 9335 155,100 700 154,400
None None 0 None 155,100
State Street Corp. Common 857119101 24872 302,400 8,000 294,400
None None 3,300 None 299,100
Strattec Security CorpCommon 863111100 914 32,500 0 32,500
None None 0 None 32,500
Sysco Corp. Common 871829107 3379 128,400 2,000 126,400
None None 0 None 128,400
Thermo Electron Corp. Common 883556102 3944 290,787 8,362 282,425
None None 3,375 None 287,412
Tricon Global Rest. Common 895953107 1999 28,460 1,280 27,180
None None 300 None 28,160
Walgreen Co. Common 931422109 18046 638,800 20,000 618,800
None None 9,600 None 629,200
Wausau Mosinee Corp. Common 943315101 256 18,312 0 18,312
None None 0 None 18,312
COLUMN TOTALS 422574
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