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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: Falcon Fund Management, Ltd.
Address: 8235 Douglas Avenue, Suite 420
Dallas, TX 75225
13F File Number: 28-____________
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: G. Houston Hall
Title: President of FFM GP, Inc., General Partner of
Falcon Fund Management, Ltd.
Phone: 214-696-2700
Signature, Place, and Date of Signing:
/s/ G. HOUSTON HALL DALLAS, TX MAY 13, 1999
- -------------------------------- ---------------------------- ----------
[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:
[If there are no entries in this list, omit this section.]
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<CAPTION>
13F File Number Name
<S> <C>
28-
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 20
Form 13F Information Table Value Total: $ 64,808
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.]
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<CAPTION>
No. 13F File Number Name
<S> <C> <C>
____ 28-____________ ________________________________
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FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------- -------- ------------ ------------------ ---------- -------- --------------------
TITLE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP VALUE PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------- -------- ------------ ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Americredit Corp. COM 03060R101 3,281,250.00 250,000 X 1 X
- ----------------------------------------------------------------------------------------------------------------------------
Amresco Capital Trust COM 031919103 3,685,500.00 378,000 X 1 X
- ----------------------------------------------------------------------------------------------------------------------------
A H Belo Corp Ser A COM 080555105 2,513,025.00 137,700 X 1 X
- ----------------------------------------------------------------------------------------------------------------------------
Caprock Communications COM 140667106 4,875,000.00 250,000 X 1 X
- ----------------------------------------------------------------------------------------------------------------------------
Drew Industries COM 26168L205 2,052,050.00 180,400 X 1 X
- ----------------------------------------------------------------------------------------------------------------------------
Exco Resources Inc. COM 269279204 1,903,125.00 300,000 X 1 X
- ----------------------------------------------------------------------------------------------------------------------------
Felcor Lodging Trust COM 31430F101 10,513,212.50 453,400 X 1 X
- ----------------------------------------------------------------------------------------------------------------------------
Felcor Suite Hotels Inc PFD 31430F200 633,750.00 30,000 X 1 X
- ----------------------------------------------------------------------------------------------------------------------------
First City Financial Corp. COM 33761X107 3,875,625.00 390,000 X 1 X
- ----------------------------------------------------------------------------------------------------------------------------
International Game Tech COM 459902102 2,925,000.00 200,000 X 1 X
- ----------------------------------------------------------------------------------------------------------------------------
Lancer Corp. COM 514614106 3,426,300.25 386,062 X 1 X
- ----------------------------------------------------------------------------------------------------------------------------
Marvel Enterprises COM 57383M108 3,281,250.00 500,000 X 1 X
- ----------------------------------------------------------------------------------------------------------------------------
Marvel Enterprises Pref PFD 31430F200 1,635,051.21 222,367 X 1 X
- ----------------------------------------------------------------------------------------------------------------------------
Miller Exploration Co. COM 600533103 2,571,581.25 839,700 X 1 X
- ----------------------------------------------------------------------------------------------------------------------------
Palomar Med Tech COM 697529105 66,375.00 118,000 X 1 X
- ----------------------------------------------------------------------------------------------------------------------------
Radica Games Ltd. COM G7342H107 7,066,465.00 559,720 X 1 X
- ----------------------------------------------------------------------------------------------------------------------------
Scientific Games COM 808747109 5,325,000.00 300,000 X 1 X
- ----------------------------------------------------------------------------------------------------------------------------
Sunrise Technologies COM 86769L103 550,000.00 50,000 X 1 X
- ----------------------------------------------------------------------------------------------------------------------------
Toymax International Inc COM 892268103 128,250.00 19,000 X 1 X
- ----------------------------------------------------------------------------------------------------------------------------
United Insurance COM 902737105 4,500,000.00 200,000 X 1 X
- ----------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 64,807,810.21
- ----------------------------------------------------------------------------------------------------------------------------
</TABLE>
