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: <<C. Stuart Walton>>
Address: <<Four Maritime Plaza>>
<<San Francisco, CA 94111>>
Form 13F File Number: 28-____________
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:
_________________________ <<San Francisco>> <<May 14, 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: <<12>>
Form 13F Information Table Value Total: <<$28,237,345>>
List of Other Included Managers:
NONE
<PAGE>
<TABLE>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
INVESTMENT DISCRETION VOTING AUTHORITY
(SHARES)
NAME OF ISSUER TITLE CUSIP FAIR SHARES (A) (B) (C) MANAGERS (A) (B) (C)
OF NUMBER MARKET OF SOLE SHARED SHARED- SEE INST. V SOLE SHARED NONE
CLASS VALUE PRINCIPAL AS DEFINED OTHER
AMOUNT IN INSTR. V
<C> <C>
BECTON DICKINSON & CO. COMMON 075887109 5,746,875 150,000 X REIN 150,000
CHECKFREE HOLDINGS CORP. OTC EQ 162816102 1,064,063 25,000 X REIN 25,000
CYBERSHOP INTERNATIONAL INC. OTC EQ 23251X105 1,450,000 100,000 X REIN 100,000
GST TELECOMMUNICATIONS OTC EQ 361942105 1,093,750 100,000 X REIN 100,000
GLOBIX CORP OTC EQ 37957F101 652,969 17,500 X REIN 17,500
INFOSPACE COM INC. OTC EQ 45678T102 2,215,625 25,000 X REIN 25,000
MICROSOFT CORP OTC EQ 594918104 2,240,625 25,000 X REIN 25,000
O REILLY AUTOMOTIVE INC OTC EQ 686091109 3,803,750 85,000 X REIN 85,000
SCANA CORP COMMON 805898103 2,168,750 100,000 X REIN 100,000
VERIO INC. OTC EQ 923433106 2,306,250 50,000 X REIN 50,000
ZIFF DAVIS INC. COMMON 989511209 1,832,188 51,250 X REIN 51,250
SOFTNET SYSTEMS INC. COMMON SOF 3,662,500 100,000 X REIN 100,000
</TABLE>
BLD/4391/002/1044205
