UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: <<December 31, 1998>>
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: <<C. Stuart Walton>>
Address: <<Four Maritime Plaza>>
<<San Francisco, CA 94111>>
Form 13F File Number: 28-04509
The institutional investment manager filing this report and the person by
whom it is signed hereby represent 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: <<C. Stuart Walton>>
Title: _____________________________
Phone: <<(415) 274-6873>>
Signature, Place and Date of Signing:
C. Stuart Walton <<San Francisco>> <<May 19, 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:
(Omitted)
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: <<0>>
Form 13F Information Table Entry Total: <<41>>
Form 13F Information Table Value Total: <<113,447,534>>
List of Other Included Managers:
NONE
<PAGE>
<TABLE>
NAME OF ISSUER TITLE OF CUSIP VALUE SHARES INV. MGR AUTH
CLASS SOLE SOLE
<C> <C>
SELECT COMFORT CORP. OTC IS 81616X103 1,150,031 43,500N X 117 43,500
AMERICA ONLINE INC-DBL COMMON 02364J104 3,878,125 25,000N X 117 25,000
APPLIED MAGNETICS CORP. COMMON 038213104 618,750 100,000N X 117 100,000
ARDENT SOFTWARE INC OTC IS 039794102 1,150,000 50,000N X 117 50,000
COMPAQ COMPUTER CORP. COMMON 204493100 2,100,000 50,000N X 117 50,000
CISCO SYSTEMS INC. OTC IS 17275R102 4,640,625 50,000N X 117 50,000
CYBEROPTICS CORP. OTC IS 232517102 700,000 50,000N X 117 50,000
ELECTROGLAS INC. OTC IS 285324109 587,500 50,000N X 117 50,000
ELECTRONIC ARTS INC. OTC IS 285512109 2,806,250 50,000N X 117 50,000
FINGERHUT COMPANIES INC. COMMON 317867109 3,087,500 200,000N X 117 200,000
FILENET CORP OTC IS 316869106 1,146,875 100,000N X 117 100,000
FLEXTRONICS INT LTD OTC IS Y2573F102 2,140,625 25,000N X 117 25,000
GENERAL ELECTRIC CO. COMMON 369604103 5,100,000 50,000N X 117 50,000
HUTCHINSON TECHNOLOGY INC. OTC IS 448407106 3,562,500 100,000N X 117 100,000
INFORMIX CORP OTC IS 456779107 987,500 100,000N X 117 100,000
IN FOCUS SYSTEMS INC. OTC IS 452919103 1,775,000 200,000N X 117 200,000
INTEL CORP. OTC IS 458140100 8,892,188 75,000N X 117 75,000
I2 TECHNOLOGIES INC. OTC IS 465754109 759,375 25,000N X 117 25,000
JABIL CIRCUIT INC. COMMON 466313103 3,725,000 50,000N X 117 50,000
KOMAG INC. OTC IS 500453105 1,556,250 150,000N X 117 150,000
LEVEL ONE COMMUNICATIONS OTC IS 527295109 887,500 25,000N X 117 25,000
MEDIMMUNE INC. OTC IS 584699102 4,971,875 50,000N X 117 50,000
MICROSOFT CORP OTC IS 59491810410,401,563 75,000N X 117 75,000
NOKIA CORP SPONSORED ADR PREFER 654902204 9,032,813 75,000N X 117 75,000
OFFICEMAX INC. COMMON 67622M108 1,225,000 100,000N X 117 100,000
PLATINUM SOFTWARE CORP OTC IS 72764R105 1,281,250 100,000N X 117 100,000
QUANTUM CORP. OTC IS 747906105 2,125,000 100,000N X 117 100,000
READ RITE CORP OTC IS 755246105 2,217,188 150,000N X 117 150,000
SANMINA CORP OTC IS 800907107 1,562,500 25,000N X 117 25,000
STARBUCKS CORP. OTC IS 855244109 2,806,250 50,000N X 117 50,000
SYSTEMS & COMPUTER TECHNOL OTC IS 871873105 687,500 50,000N X 117 50,000
SECURITY DYNAMICS TECHNOL OTC IS 814208104 1,150,000 50,000N X 117 50,000
SEAGATE TECHNOLOGY INC. COMMON 811804103 3,025,000 100,000N X 117 100,000
SYMANTEC CORP. OTC IS 871503108 4,350,000 200,000N X 117 200,000
AT&T CORP. COMMON 001957109 9,468,750 125,000N X 117 125,000
T*HQ INC OTC IS 872443403 1,400,000 50,000N X 117 50,000
VALENCE TECHNOLOGY INC OTC IS 918914102 253,750 35,000N X 117 35,000
VERITAS SOFTWARE CORP OTC IS 923436109 1,498,438 25,000N X 117 25,000
VISIO CORP OTC IS 927914101 914,063 25,000N X 117 25,000
WESTERN DIGITAL CORP COMMON 958102105 3,012,500 200,000N X 117 200,000
ZOMAX OPTICAL MEDIA INC. OTC IS 989929104 812,500 50,000N X 117 50,000
</TABLE>
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