UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 30 September 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: Beta Management Limited
Address: Second Floor, Zephyr House, Mary Street
P.O. Box 709
George Town, Grand Cayman
Cayman Islands, BWI
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: Rajpal Arulpragasam
Title: President
Phone: (203) 497-8750
Rajpal Arulpragasam New Haven, CT 18 October 1999
Report Type (Check only one)
[X] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager:
<TABLE> <C> <C>
FORM 13F INFORMATION TABLE
NAME OF TITLE OF CUSIP VALUE SHARES SH/PRN INVST OTHER VOTING AUTHORITY
ISSUER CLASS (x$1000) DESC MGR SOLE SHARED NONE
- ------------------------------------------------------------------------------------------------------------------------
ACTION PERFORM STK COM 004933107 729 34600 SH SOLE 10700 0 23900
ADOBE SYS STK COM 00724F101 1078 9500 SH SOLE 5800 0 3700
AIRBORNE FREIGHT STK COM 009266107 1434 68100 SH SOLE 31900 0 36200
AK STEEL STK COM 001547108 440 24100 SH SOLE 11500 0 12600
ALCAN ALUMINUM STK COM 013716105 859 27500 SH SOLE 17700 0 9800
ALPHA INDUSTRIES COM 020753109 1579 28000 SH SOLE 13900 0 14100
AMER MGMT STK COM 027352103 485 18900 SH SOLE 5000 0 13900
AMERITECH STK COM 030954101 654 9800 SH SOLE 3500 0 6300
ASSOC BANCORP STK COM 045487105 655 18100 SH SOLE 4500 0 13600
ATMEL STK COM 049513104 629 18600 SH SOLE 6400 0 12200
BALL STK COM 058498106 1035 23500 SH SOLE 9400 0 14100
BRUNSWICK STK COM 117043109 1356 54500 SH SOLE 21200 0 33300
C CUBE MICROSYS STK COM 125015107 831 19100 SH SOLE 8800 0 10300
CABLETRON SYS STK COM 126920107 467 29800 SH SOLE 13900 0 15900
CAMBRIDGE TECH STK COM 132524109 405 27900 SH SOLE 10300 0 17600
CANADAIGUA A STK COM 137219200 502 8400 SH SOLE 2800 0 5600
CATALINA MKTG STK COM 148867104 2536 29900 SH SOLE 15200 0 14700
CENDANT STK COM 151313103 841 47400 SH SOLE 20100 0 27300
CERIDIAN STK COM 15677T106 1826 73400 SH SOLE 33000 0 40400
CHARLES SCHWAB STK COM 808513105 602 18000 SH SOLE 8100 0 9900
CIBER INC COM 17163B102 1179 77000 SH SOLE 39400 0 37600
CISCO SYSTEMS STK COM 17275R102 1056 15400 SH SOLE 7000 0 8400
CLEAR CHANNEL STK COM 184502102 2572 32200 SH SOLE 13400 0 18800
CLOROX STK COM 189054109 509 13300 SH SOLE 6100 0 7200
CMG INFO SERV STK COM 125750109 1876 18300 SH SOLE 8000 0 10300
COLGATE STK COM 194162103 1130 24700 SH SOLE 14300 0 10400
COLUMBIA GAS STK COM 197648108 892 16100 SH SOLE 6800 0 9300
COLUMBIA HCA STK COM 197677107 1367 64500 SH SOLE 25500 0 39000
COMAIR STK COM 199789108 876 52500 SH SOLE 23900 0 28600
COMNET STK COM 204171102 1691 30200 SH SOLE 11600 0 18600
CONEXANT SYSTEMS INC COM 207142100 821 11300 SH SOLE 4600 0 6700
CONS STORES STK COM 210149100 541 24500 SH SOLE 13400 0 11100
COVANCE INC COM 222816100 681 70300 SH SOLE 27400 0 42900
CTS STK COM 126501105 518 9000 SH SOLE 4800 0 4200
CYPRESS SEMI STK COM 232806109 1361 63300 SH SOLE 32700 0 30600
DELTA & PINELAND COM 247357106 543 21000 SH SOLE 11300 0 9700
DELTA AIRLINES STK COM 247361108 660 13600 SH SOLE 4900 0 8700
DOLLAR TREE STK COM 256747106 1202 30100 SH SOLE 12100 0 18000
DURA PHARMS STK COM 26632S109 842 60400 SH SOLE 18300 0 42100
E TRADE GROUP STK COM 269246104 933 39700 SH SOLE 15800 0 23900
EASTMAN KODAK STK COM 277461109 3917 51800 SH SOLE 21000 0 30800
ELECTRONIC ARTS STK COM 285512109 586 8100 SH SOLE 5200 0 2900
EMC STK COM 268648102 1235 17300 SH SOLE 8700 0 8600
FEDERAL MOGUL STK COM 313549107 714 25900 SH SOLE 16700 0 9200
FEDERATED DEPT STK COM 31410H101 773 17700 SH SOLE 9200 0 8500
GM STK COM 370442105 925 14700 SH SOLE 7100 0 7600
GREAT LAKES CHEM STK COM 390568103 502 13200 SH SOLE 4200 0 9000
GUIDANT STK COM 401698105 531 9900 SH SOLE 4700 0 5200
H&R BLOCK STK COM 093671105 882 20300 SH SOLE 12600 0 7700
HARRAHS ENTER STK COM 413619107 863 31100 SH SOLE 13600 0 17500
HASBRO STK COM 418056107 484 22500 SH SOLE 9700 0 12800
HEFTEL BROADCST STK COM 422799106 1789 23500 SH SOLE 11900 0 11600
HILLENBRAND STK COM 431573104 625 23700 SH SOLE 7500 0 16200
HNC SOFTWARE STK COM 40425P107 845 21300 SH SOLE 7600 0 13700
HUTCHINSON TECH STK COM 448407106 813 30100 SH SOLE 14400 0 15700
HYPERION SOLUTIONS COM 44914M104 713 32400 SH SOLE 15300 0 17100
IBM STK COM 459200101 2844 23500 SH SOLE 8700 0 14800
IMC GLOBAL INC COM 449669100 585 40200 SH SOLE 15100 0 25100
IMS HEALTH INC COM 449934108 1047 45900 SH SOLE 24300 0 21600
INTEGRATED DVC STK COM 458118106 1894 102400 SH SOLE 43900 0 58500
INTERPUBLIC GRP STK COM 460690100 428 10400 SH SOLE 1000 0 9400
INTL PAPER STK COM 460146103 875 18200 SH SOLE 7900 0 10300
JP MORGAN STK COM 616880100 526 4600 SH SOLE 2000 0 2600
K SWISS STK COM 482686102 1370 43400 SH SOLE 24800 0 18600
KEYCORP STK COM 493267108 478 18500 SH SOLE 10100 0 8400
KLA INSTRUMENTS STK COM 482480100 709 10900 SH SOLE 4300 0 6600
LABOR READY INC COM 505401208 1478 146900 SH SOLE 49400 0 97500
LASON INC COM 51808R107 704 15800 SH SOLE 6200 0 9600
LEGATO SYSTEMS STK COM 524651106 759 17400 SH SOLE 6400 0 11000
LEVEL 3 COMMS COM 52729N100 783 15000 SH SOLE 6900 0 8100
LILLY STK COM 532457108 1547 24100 SH SOLE 10800 0 13300
LYCOS STK COM 550818108 802 16000 SH SOLE 8600 0 7400
M MARIETTA STK COM 573284106 783 19600 SH SOLE 9000 0 10600
MALLINCKRODT STK COM 561232109 362 12000 SH SOLE 8400 0 3600
MAYTAG STK COM 578592107 590 17700 SH SOLE 7300 0 10400
MCLEOD STK COM 582266102 1239 29100 SH SOLE 14800 0 14300
MEDIAONE GROUP COM 58440J104 881 12900 SH SOLE 6300 0 6600
MGIC INVESTMENT STK COM 552848103 1538 32200 SH SOLE 17100 0 15100
MICRO WAREHOUSE STK COM 59501B105 1404 116400 SH SOLE 57300 0 59100
MODIS PROF SERVICES COM 607830106 588 44400 SH SOLE 19700 0 24700
MYLAN LABS STK COM 628530107 1306 71100 SH SOLE 35400 0 35700
NATL SEMICONDUCT STK COM 637640103 529 17300 SH SOLE 4500 0 12800
NETWORK ASSOCIATES COM 640938106 1918 100300 SH SOLE 49400 0 50900
NEWMONT MINING STK COM 651639106 559 21600 SH SOLE 8000 0 13600
NEWPORT NEWS SHIPBUI COM 652228107 1002 31000 SH SOLE 15300 0 15700
NIKE STK COM 654106103 847 14900 SH SOLE 7900 0 7000
NOVA STK COM 669784100 680 27200 SH SOLE 12700 0 14500
O'REILLY AUTO STK COM 686091109 915 19200 SH SOLE 5300 0 13900
OWEN CORNING STK COM 69073F103 564 26000 SH SOLE 13800 0 12200
PEPSICO STK COM 713448108 756 24800 SH SOLE 12100 0 12700
PIONEER HI BRED STK COM 723686101 929 23400 SH SOLE 9500 0 13900
POWERHOUSE TECHNOLOG COM 739363109 1022 21200 SH SOLE 9900 0 11300
PRIORITY HEALTHCARE COM 74264T102 1325 42900 SH SOLE 21300 0 21600
PROFIT RECOVERY STK COM 743168106 2693 60350 SH SOLE 27150 0 33200
PROMUS HOTEL STK COM 74342H104 697 21400 SH SOLE 11600 0 9800
QUALCOMM STK COM 747525103 1305 6900 SH SOLE 3200 0 3700
QWEST COMMUNICA COM 749121109 704 23800 SH SOLE 10400 0 13400
REMEDY STK COM 759548100 443 15600 SH SOLE 4800 0 10800
RENAL CARE GRP STK COM 759930100 1284 58600 SH SOLE 26700 0 31900
REXALL SUNDOWN STK COM 761648104 464 37700 SH SOLE 14200 0 23500
RITE AID STK COM 767754104 626 45300 SH SOLE 26300 0 19000
RSA SECURITY INC COM 749719100 321 12100 SH SOLE 3200 0 8900
RYDER SYSTEM STK COM 783549108 648 31800 SH SOLE 13400 0 18400
SANMINA STK COM 800907107 983 12700 SH SOLE 4900 0 7800
SANTA FE SNYDER CORP COM 80218K105 392 43600 SH SOLE 10000 0 33600
SEAGATE TECH STK COM 811804103 842 27500 SH SOLE 13400 0 14100
SIEBEL SYSTEMS COM 826170102 813 12200 SH SOLE 5300 0 6900
SMITH INTL STK COM 832110100 1158 28600 SH SOLE 16000 0 12600
SMITHFIELD FOODS STK COM 832248108 864 32300 SH SOLE 16100 0 16200
SNYDER COMM STK COM 832914105 2635 173500 SH SOLE 83800 0 89700
SOTHEBYS STK COM 835898107 916 35500 SH SOLE 14600 0 20900
ST JUDE MEDICAL STK COM 790849103 2624 83300 SH SOLE 37000 0 46300
SUIZA FOODS CORP COM 865077101 488 13000 SH SOLE 6200 0 6800
SUN MICROSYS STK COM 866810104 3339 35900 SH SOLE 15300 0 20600
SYMANTEC STK COM 871503108 1547 43000 SH SOLE 14700 0 28300
SYMBOL TECHS STK COM 871508107 898 26700 SH SOLE 9900 0 16800
SYNOPSYS STK COM 871607107 601 10700 SH SOLE 6300 0 4400
TEKTRONIX STK COM 879131100 848 25300 SH SOLE 12600 0 12700
TENET HEALTHCARE STK COM 88033G100 580 33000 SH SOLE 12300 0 20700
TENNECO STK COM 87900H100 689 40500 SH SOLE 14200 0 26300
THREECOM STK COM 885535104 940 32700 SH SOLE 17400 0 15300
TOYS R US STK COM 892335100 561 37400 SH SOLE 15100 0 22300
UNISYS STK COM 909214108 2586 57300 SH SOLE 24500 0 32800
USA NETWORKS COM 902984103 767 19800 SH SOLE 7200 0 12600
VENTIV HEALTH INC COM 922793104 571 57832 SH SOLE 27933 0 29899
VERITAS SOFTW STK COM 923436109 737 9700 SH SOLE 5000 0 4700
WALGREEN STK COM 931422109 546 21500 SH SOLE 9400 0 12100
WALT DISNEY STK COM 254687106 1703 65500 SH SOLE 31600 0 33900
WARNACO STK COM 934390105 520 28500 SH SOLE 11000 0 17500
WASTE MANAGEMENT INC COM 94106L109 953 49500 SH SOLE 23700 0 25800
WATSON PHARM COM 942683103 877 28700 SH SOLE 17300 0 11400
WHIRLPOOL STK COM 963320106 2181 33400 SH SOLE 13600 0 19800
WHOLE FOODS STK COM 966837106 1485 45400 SH SOLE 17900 0 27500
WILLIAMS STK COM 969457100 888 23600 SH SOLE 14200 0 9400
XIRCOM STK COM 983922105 478 11200 SH SOLE 4600 0 6600
XOMED SURGICAL PRODU COM 98412V107 941 16500 SH SOLE 5800 0 10700
</TABLE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 136
Form 13F Information Table Value Total: $139092 (x1000)
List of Other Included Managers:
