UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 12/31/98
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: First Austin Capital Management, Inc
Address: 1600 West 38th Street, Suite 412
Austin, TX 7873
Form 13F File Number: 28-_______________
The institutional investment manager filing this report and the person by who
it is signed hereby represent that the person signing the report is authorize
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: Mark A. Coffelt
Title: President
Phone: (512) 458-8165
Signature, Place, and Date of Signing
/s/Mark A. Coffelt Austin, TX 12/31/98
[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.
[ ] 13F NOTICE. (Check here if no holdings reported are in this report and
all holdings are reported by other reporting manager(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
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VALUE SHARES/ SH/ PUT/ INVSTMT -----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>
ACR Group Com 00087B101 16 4000 SH Sole 4000
Advest Group Com 007566102 403 18060 SH Sole 18060
Anchor Gaming Com 033037102 4799 65000 SH Sole 65000
Applebees Com 037899101 4919 236920 SH Sole 236920
Autodesk Com 05276910 317 11500 SH Sole 11500
Berkshire Hathaway Com 084670108 840 12 SH Sole 12
Bob Evans Farms Com 096761101 28 1060 SH Sole 1060
Brinker Int'l Com 109641100 25 860 SH Sole 860
Centex Construction Products Com 15231R10 4412 108600 SH Sole 108600
Centex Corp Com XXX 15231210 61 1360 SH Sole 1360
Champion Enterprises Com 158496109 4297 156950 SH Sole 156950
Clair's Stores Com 179584107 5454 266060 SH Sole 266060
Coachmen Industries Com 189873102 4092 155900 SH Sole 155900
Columbia Energy Group Com 19764810 48 830 SH Sole 830
Conseco Inc. Com 208464107 269 8818 SH Sole 8818
Cooper Companies Com 21664840 2149 103900 SH Sole 103900
Countrywide Credit Com 222372104 30 590 SH Sole 590
Diagnostic Products Com 252450101 6 200 SH Sole 200
Diebold Inc. Com 253651103 30 850 SH Sole 850
Dime Bancorp Inc. Com 25429Q102 340 12950 SH Sole 12950
Dress Barn Com 261570105 217 14420 SH Sole 14420
Ducommon Inc. Com 264147109 566 41000 SH Sole 41000
Esterline Technologies Com 297425100 2047 94100 SH Sole 94100
Ethan Allen Interiors Com 29760210 4885 119150 SH Sole 119150
Federal Natl Mortgage Com 313586109 15 200 SH Sole 200
Finova Group Inc. Com 317928109 39 720 SH Sole 720
First Union Corp. Com 337358105 933 15345 SH Sole 15345
FirstFed Financial Com 337907109 3820 213700 SH Sole 213700
Franklin Covey Company Com 433286307 1628 97200 SH Sole 97200
Golden State Bancorp Com 38119710 3772 226900 SH Sole 226900
Herman Miller Com 600544100 76 2840 SH Sole 2840
Hon Industries Com 438092108 739 30890 SH Sole 30890
Household International Com 441815107 16 400 SH Sole 400
Jo-Ann Stores Com 30284620 226 14000 SH Sole 14000
Jones Apparel Group Com 48007410 59 2660 SH Sole 2660
Katy Industries Com 486026107 303 17300 SH Sole 17300
Kaufman and Broad Home Corp Com 486168107 4223 146900 SH Sole 146900
Kimbell Int'l Class "B" Com 494274103 216 11400 SH Sole 11400
Lafarge Corp Com 505862102 5381 132870 SH Sole 132870
Lehman Brothers Com 524908100 365 8290 SH Sole 8290
Liz Claiborne Com 539320101 45 1440 SH Sole 1440
MTS Systems Com 553777103 250 18820 SH Sole 18820
Maytag Com 578592107 56 900 SH Sole 900
Mentor Corp Com 587188103 1162 49710 SH Sole 49710
Modtech Inc. Com 607914108 2701 177100 SH Sole 177100
Monaco Coach Corp Com 60886R103 117 4200 SH Sole 4200
Myers Inc. Com 628464109 343 11950 SH Sole 11950
National RV Holdings Inc. Com 637277104 4331 168200 SH Sole 168200
Nautica Enterprises, Inc. Com 63908910 3788 255700 SH Sole 255700
North Face Inc. Com 659317101 1434 110300 SH Sole 110300
OfficeMax Com 67622M108 5243 428000 SH Sole 428000
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</TABLE>
<TABLE>
<CAPTION>
VALUE SHARES/ SH/ PUT/ INVSTMT ---VOTING AUTHORITY---
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE
<S> <C> <C> <C> <C> <C> <C> <C>
Oshkosh B'Gosh Class "A" Com 688222207 3788 255700 SH Sole 255700
Pilgrim Prime Rate Trust Com 72146W103 18 1900 SH Sole 1900
Pimco Commercial Mortgage Com 693388100 14 1000 SH Sole 1000
Pomeroy Computer Resources Inc.Com 731822102 3566 158500 SH Sole 158500
Power Corp Com 739239101 1121 51750 SH Sole 51750
Reliastar Financial Corp. Com 75952U103 51 1100 SH Sole 1100
Resource Bancshares Com 761197102 4490 271100 SH Sole 271100
Roberts Pharmaceuticals Com 770491108 688 48340 SH Sole 48340
Ross Stores Com 778296103 688 17510 SH Sole 17510
Sallie Mae Com 78442A109 49 1020 SH Sole 1020
Sea Conatiners Class "A" Com 811371707 2983 99640 SH Sole 99640
Seariver Maritime Zero Coupon Com 302293AA3 161 360000 SH Sole 360000
Seattle Film Works Inc. Com 812572105 468 101180 SH Sole 101180
Shelby Williams Com 822135109 1948 162300 SH Sole 162300
Southdown Inc. Com 841297104 358 6044 SH Sole 6044
Sovereign Bancorp Inc. Com 84590510 4377 309900 SH Sole 309900
SpaceLabs Medical Com 846247104 467 20400 SH Sole 20400
Saint John's Knits Com 79028910 1322 50860 SH Sole 50860
Standard Pacific Corp Com 85375C101 3668 259700 SH Sole 259700
Storage Technology Com 862111200 84 2340 SH Sole 2340
Symantec Corp. Com 871503108 5715 264320 SH Sole 264320
Tadiran, Ltd. ADR Com 873593107 2499 68700 SH Sole 68700
Timken Co. Com 887389104 30 1600 SH Sole 1600
Tommy Hilfiger Corp. Com G8915Z102 962 16040 SH Sole 16040
Varco Int'l Inc. Com 92212610 392 50530 SH Sole 50530
Vicorp Restaurants Com 925817108 2831 182660 SH Sole 182660
Washington Mutual Inc. Com 939322103 921 24010 SH Sole 24010
Warnaco Group, Inc. Com 93439010 26 1030 SH Sole 1030
Well Fargo & Co. Adj Pref "B" Pref 949746200 4 75 SH Sole 75
Werner Enterprises Com 950755108 224 12673 SH Sole 12673
Winnebago Com 974637100 82 5430 SH Sole 5430
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Form 13F SUMMARY PAGE
Report Summary
Number of Other Included Managers: None
Form 13F Information Table Entry Total: 82
Form 13F Information Table Value Total: $123,492
(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.
