<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: ___3/30/99______________
Check here if Amendment [ ]; Amendment Number: ____
This Amendment (Check only one.): [ ] is a restatement.
[X] adds new holdings
entries.
Institutional Investment Manager Filing this Report:
Name: Zacks Investment Management_____________
Address: 155 North Wacker -2nd Floor_______________
Chicago, Illinois_________________________
60606_____________________________________
Form 13F File Number: 28-_80140592___________
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: Mitchel Zacks____________________________
Title: Vice President___________________________
Phone: 312-630-9880 x156________________________
Signature, Place, and Date of Signing:
Mitchel Zacks________ Chicago, IL_______________ 5/12/99___
[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.)
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[ ] 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.]
Form 13F File Number Name
28-____________ ________________________________
[Repeat as necessary.]
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0_____________
Form 13F Information Table Entry Total: 152______________
Form 13F Information Table Value Total: $254,231_______
(thousands)
List of Other Included Managers:
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.
[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.]
No. Form 13F File Number Name
____ 28-____________ ________________________
[Repeat as necessary.
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<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
- -------------------------------------------------------------------------------------------------------------------------------
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------- --------- -------- -------- --------------------- -------- -------- --------------------
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER
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>
Alcoa Inc C. Stock 013817101 1553 37700 SH Sole None 37700 0 0
Apple Computer C. Stock 037833100 2823 78550 SH Sole None 78550 0 0
Action Perform C. Stock 004933107 1155 38650 SH Sole None 38650 0 0
Adobe Systems C. Stock 00724F101 1175 20700 SH Sole None 20700 0 0
Adaptec C. Stock 00651F108 809 35550 SH Sole None 35550 0 0
Andrx Corp C. Stock 034551101 1784 19600 SH Sole None 19600 0 0
Amer Eagle Outf C. Stock 02553E106 2360 32950 SH Sole None 32950 0 0
Aflac Inc C. Stock 001055102 2229 40950 SH Sole None 40950 0 0
Allergan Inc C. Stock 018490102 2258 25700 SH Sole None 25700 0 0
Associated Group C. Stock 045651205 261 5500 SH Sole None 5500 0 0
Software Ag Sys C. Stock 834025108 157 18800 SH Sole None 18800 0 0
Alpha Inds C. Stock 020753109 1266 70800 SH Sole None 70800 0 0
Ak Steel Hldg C. Stock 001547108 782 34650 SH Sole None 34650 0 0
Ames Dept Store C. Stock 030789507 1164 31450 SH Sole None 31450 0 0
Affil Managers C. Stock 008252108 494 19000 SH Sole None 19000 0 0
Amgen Inc C. Stock 031162100 4204 56150 SH Sole None 56150 0 0
Amer Mgmt Sys C. Stock 027352103 1519 44500 SH Sole None 44500 0 0
Abercrombie C. Stock 002896207 856 9300 SH Sole None 9300 0 0
Anntaylor Stres C. Stock 036115103 331 7500 SH Sole None 7500 0 0
Antec Corp C. Stock 03664P105 342 15800 SH Sole None 15800 0 0
America Online C. Stock 02364J104 2770 18975 SH Sole None 18975 0 0
Acnielsen Corp C. Stock 004833109 1847 68100 SH Sole None 68100 0 0
Avis Rent A Car C. Stock 053790101 3417 123400 SH Sole None 123400 0 0
Bergen Brunswig C. Stock 083739102 1167 58350 SH Sole None 58350 0 0
Best Buy C. Stock 086516101 2647 50900 SH Sole None 50900 0 0
Bce Inc C. Stock 05534B109 1852 41800 SH Sole None 41800 0 0
Ball Corp C. Stock 058498106 1619 34500 SH Sole None 34500 0 0
Bell South C. Stock 079860102 909 22700 SH Sole None 22700 0 0
Barr Labs C. Stock 068306109 2475 81150 SH Sole None 81150 0 0
Anheuser Busch C. Stock 035229103 2488 32650 SH Sole None 32650 0 0
Citigroup Inc C. Stock 172967101 4069 63700 SH Sole None 63700 0 0
Comp Associates C. Stock 204912109 1014 28500 SH Sole None 28500 0 0
Conagra Inc C. Stock 205887102 1449 56700 SH Sole None 56700 0 0
Canadaigua Brands C. Stock 137219200 1324 26350 SH Sole None 26350 0 0
Cordant Tech C. Stock 218412104 1198 30100 SH Sole None 30100 0 0
Cadence Design C. Stock 127387108 1082 42000 SH Sole None 42000 0 0
</TABLE>
Page 1
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<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------- --------- -------- -------- --------------------- -------- -------- --------------------
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER
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>
Atlas Air Inc C. Stock 049164106 1734 60175 SH Sole None 60175 0 0
Check Pt Softw C. Stock M22465104 1318 30700 SH Sole None 30700 0 0
Clorox Co C. Stock 189054109 1688 14400 SH Sole None 14400 0 0
Chase Manha-New C. Stock 16161A108 2472 30400 SH Sole None 30400 0 0
Comverse Tech C. Stock 205862402 4244 50000 SH Sole None 50000 0 0
Comair Hldgs C. Stock 199789108 333 14100 SH Sole None 14100 0 0
Compuware Corp C. Stock 205638109 670 28050 SH Sole None 28050 0 0
Crane Co C. Stock 224399105 1248 51600 SH Sole None 51600 0 0
Csg Sys Intl C. Stock 126349109 2216 56200 SH Sole None 56200 0 0
Century Telepho C. Stock 156686107 3126 44500 SH Sole None 44500 0 0
Centex Corp C. Stock 152312104 2246 67300 SH Sole None 67300 0 0
Citrix Sys Inc C. Stock 177376100 513 13500 SH Sole None 13500 0 0
Delphi Finl Grp C. Stock 247131105 845 24950 SH Sole None 24950 0 0
Dime Bancorp C. Stock 25429Q102 1353 58350 SH Sole None 58350 0 0
Duane Reade Inc C. Stock 263578106 1006 36100 SH Sole None 36100 0 0
Brinker Intl C. Stock 109641100 2353 91150 SH Sole None 91150 0 0
Engelhard Corp C. Stock 292845104 793 46800 SH Sole None 46800 0 0
Electrn Imaging C. Stock 286082102 1934 48650 SH Sole None 48650 0 0
Eastman Kodak C. Stock 277461109 1575 24650 SH Sole None 24650 0 0
Kinder Morg Eng C. Stock 494550106 1541 44500 SH Sole None 44500 0 0
Electr Arts Inc C. Stock 285512109 2864 60450 SH Sole None 60450 0 0
Fannie Mae C. Stock 313586109 2095 30250 SH Sole None 30250 0 0
Fossil Inc C. Stock 349882100 835 28000 SH Sole None 28000 0 0
Fpic Insurance C. Stock 302563101 1581 38150 SH Sole None 38150 0 0
Fuller(Hb) Co C. Stock 359694106 842 14300 SH Sole None 14300 0 0
Genl Dynamics C. Stock 369550108 2548 39650 SH Sole None 39650 0 0
Guidant Corp C. Stock 401698105 1319 21800 SH Sole None 21800 0 0
Golden West Fin C. Stock 381317106 1141 11950 SH Sole None 11950 0 0
Genl Instrument C. Stock 370120107 2096 69150 SH Sole None 69150 0 0
Genl Mills C. Stock 370334104 3332 44100 SH Sole None 44100 0 0
Genl Motors C. Stock 370442105 2593 29850 SH Sole None 29850 0 0
Georgia-Pac Grp C. Stock 373298108 2953 39775 SH Sole None 39775 0 0
Gap Inc C. Stock 364760108 747 11100 SH Sole None 11100 0 0
Harcourt Genl C. Stock 41163G101 222 5000 SH Sole None 5000 0 0
Heinz (Hj) Co C. Stock 423074103 1810 38200 SH Sole None 38200 0 0
Block H & R C. Stock 093671105 1180 24900 SH Sole None 24900 0 0
</TABLE>
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<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------- --------- -------- -------- --------------------- -------- -------- --------------------
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER
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>
Hormel Foods Cp C. Stock 440452100 786 22050 SH Sole None 22050 0 0
Hewlett Packard C. Stock 428236103 739 10900 SH Sole None 10900 0 0
Intimate Brands C. Stock 461156101 3804 79050 SH Sole None 79050 0 0
Intl Bus Mach C. Stock 459200101 2956 16675 SH Sole None 16675 0 0
Intel Corp C. Stock 458140100 2660 22375 SH Sole None 22375 0 0
Jeff-Pilot Corp C. Stock 475070108 2490 36750 SH Sole None 36750 0 0
Keebler Foods C. Stock 487256109 1544 42300 SH Sole None 42300 0 0
K Mart Corp C. Stock 482584109 2388 142050 SH Sole None 142050 0 0
Knight Ridder C. Stock 499040103 1510 30200 SH Sole None 30200 0 0
Lehman Bros Hld C. Stock 524908100 1790 29950 SH Sole None 29950 0 0
Linear Tec Corp C. Stock 535678106 2104 41000 SH Sole None 41000 0 0
Lucent Tech Inc C. Stock 549463107 2069 19200 SH Sole None 19200 0 0
Lexmark Intl C. Stock 529771107 2559 22900 SH Sole None 22900 0 0
Mentor Graphics C. Stock 587200106 1221 88400 SH Sole None 88400 0 0
Merrill Lync&Co C. Stock 590188108 181 2050 SH Sole None 2050 0 0
Mercury Interac C. Stock 589405109 1144 32100 SH Sole None 32100 0 0
Millennium Phar C. Stock 599902103 1248 40350 SH Sole None 40350 0 0
Modis Prof Svcs C. Stock 607830106 850 93800 SH Sole None 93800 0 0
Microsoft Corp C. Stock 594918104 2924 32650 SH Sole None 32650 0 0
Mylan Labs C. Stock 628530107 1124 40950 SH Sole None 40950 0 0
Navistar Intl C. Stock 63934E108 2180 54250 SH Sole None 54250 0 0
Ncr Corp-New C. Stock 62886E108 1370 27400 SH Sole None 27400 0 0
Nokia Cp-Adr A C. Stock 654902204 2079 13350 SH Sole None 13350 0 0
Natl Rv Hldgs C. Stock 637277104 993 44900 SH Sole None 44900 0 0
Novellus Sys C. Stock 670008101 1295 23550 SH Sole None 23550 0 0
Quaker Oats Co C. Stock 747402105 2058 32900 SH Sole None 32900 0 0
Orcad Inc C. Stock 685568107 175 21500 SH Sole None 21500 0 0
Omnicom Grp C. Stock 681919106 1871 23400 SH Sole None 23400 0 0
Oracle Corp C. Stock 68389X105 1941 73600 SH Sole None 73600 0 0
Osteotech Inc C. Stock 688582105 924 26875 SH Sole None 26875 0 0
Pinnacle Sys C. Stock 723481107 237 5200 SH Sole None 5200 0 0
Petco Animal C. Stock 716016100 204 20400 SH Sole None 20400 0 0
Pacifi-Care Health C. Stock 695112201 2477 36300 SH Sole None 36300 0 0
Polycom Inc C. Stock 73172K104 216 11600 SH Sole None 11600 0 0
Pre-Paid Legal C. Stock 740065107 463 18900 SH Sole None 18900 0 0
Providian Finl C. Stock 74406A102 3614 32850 SH Sole None 32850 0 0
</TABLE>
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<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------- --------- -------- -------- --------------------- -------- -------- --------------------
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER
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>
Quintiles Trans C. Stock 748767100 1528 40750 SH Sole None 40750 0 0
Repsol Sa-Adr C. Stock 76026T205 2709 52850 SH Sole None 52850 0 0
Coors Adolph B C. Stock 217016104 1388 25700 SH Sole None 25700 0 0
Rockwell Intl C. Stock 773903109 1116 26300 SH Sole None 26300 0 0
Ross Stores C. Stock 778296103 1387 31800 SH Sole None 31800 0 0
Rhone-Poulenc C. Stock 762426609 1131 25700 SH Sole None 25700 0 0
Schering Plough C. Stock 806605101 2262 40900 SH Sole None 40900 0 0
Shaw Inds Inc C. Stock 820286102 767 41450 SH Sole None 41450 0 0
Shopko Stores C. Stock 824911101 400 13400 SH Sole None 13400 0 0
Shared Medical C. Stock 819486101 1114 20000 SH Sole None 20000 0 0
Steris Corp C. Stock 859152100 1129 42400 SH Sole None 42400 0 0
Superior Tcom C. Stock 868365107 704 37300 SH Sole None 37300 0 0
Stillwater Mng C. Stock 86074Q102 2765 104850 SH Sole None 104850 0 0
Safeway Inc C. Stock 786514208 3330 64900 SH Sole None 64900 0 0
At&T Corp C. Stock 001957109 3272 41000 SH Sole None 41000 0 0
Terex Corp C. Stock 880779103 2741 113600 SH Sole None 113600 0 0
Trigon Health C. Stock 89618L100 408 11900 SH Sole None 11900 0 0
Tiffany & Co C. Stock 886547108 1895 25350 SH Sole None 25350 0 0
Tjx Cos Inc New C. Stock 872540109 4247 124900 SH Sole None 124900 0 0
Tellabs Inc C. Stock 879664100 2292 23450 SH Sole None 23450 0 0
Tele Danmark C. Stock 879242105 1433 29250 SH Sole None 29250 0 0
Tommy Hilfiger C. Stock G8915Z102 2765 40150 SH Sole None 40150 0 0
T Rowe Price C. Stock 741477103 607 17800 SH Sole None 17800 0 0
Sabre Group Hld C. Stock 785905100 1305 28750 SH Sole None 28750 0 0
Tyco Intl Ltd C. Stock 902124106 4287 59750 SH Sole None 59750 0 0
Univl Hlth Svcs C. Stock 913903100 2755 63700 SH Sole None 63700 0 0
Unisys C. Stock 909214108 1539 55600 SH Sole None 55600 0 0
Usfreightways C. Stock 916906100 814 24750 SH Sole None 24750 0 0
Usg Corp C. Stock 903293405 1952 38000 SH Sole None 38000 0 0
Utd Stationers C. Stock 913004107 177 11800 SH Sole None 11800 0 0
Utd Techs Corp C. Stock 913017109 1889 13950 SH Sole None 13950 0 0
Veeco Instrs-De C. Stock 922417100 527 14400 SH Sole None 14400 0 0
Viacom Inc Cl B C. Stock 925524308 1939 23100 SH Sole None 23100 0 0
Visx Inc Del C. Stock 92844S105 3003 27950 SH Sole None 27950 0 0
Vulcan Matls Co C. Stock 929160109 1033 25000 SH Sole None 25000 0 0
Waters Corp C. Stock 941848103 1965 18700 SH Sole None 18700 0 0
</TABLE>
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<PAGE>
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------- --------- -------- -------- --------------------- -------- -------- --------------------
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER
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>
Webb(Del) Corp C. Stock 947423109 1557 71800 SH Sole None 71800 0 0
Mci Worldcom C. Stock 55268B106 482 5450 SH Sole None 5450 0 0
Warner Lambert C. Stock 934488107 2075 31350 SH Sole None 31350 0 0
Willamette Inds C. Stock 969133107 1453 38500 SH Sole None 38500 0 0
Wal-Mart Stores C. Stock 931142103 1498 16250 SH Sole None 16250 0 0
Xircom Inc C. Stock 983922105 84 3350 SH Sole None 3350 0 0
York Intl New C. Stock 986670107 1066 30200 SH Sole None 30200 0 0
Tricon Gbl Rest C. Stock 895953107 3038 43250 SH Sole None 43250 0 0
</TABLE>
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