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: Samuel James Limited
Address: 32 West Pennsylvania Avenue
2nd floor
Towson, MD 21204
13F File Number:
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: Michael OConnell
Title: Intern
Phone: 410-296-6605
Signature, Place, and Date of Signing:
Michael OConnell Towson, MD July 7,1999
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 23
Form 13F Information Table Value Total: $167,907 (in $1000s)
List of Other Included Managers: NONE
FORM 13F INFORMATION TABLE
<TABLE> <C> <C>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
Name of Issuer Title CUSIP Value SHRS Investment Other Voting Authority
of CLASS (x1000) Discretion Managers
Abbott Labs COM 2824100 3,790 77,350 Sole None 77,350
Amer. Int'l Group COM 26874107 2,476 25,627 Sole None 25,627
Amer. Express COM 25816109 3,863 37,690 Sole None 37,690
Bristol Meyers COM 110122108 4,082 30,510 Sole None 30,510
Chase Manhattan COM 16161A108 1,519 21,400 Sole None 21,400
Cisco Sys Inc COM 17275R102 1,482 15,975 Sole None 15,975
Coca Cola Co COM 191216100 6,998 104,462 Sole None 104,462
Disney Walt Co COM 254687106 3,088 102,956 Sole None 102,956
Earthshell Corp COM 27032B100 10,900 913,177 Sole None 913,177
Fed Home Loan Mtg COM 313400301 5,874 91,160 Sole None 91,160
General Elec Co COM 369604103 6,038 59,200 Sole None 59,200
Gillette Co COM 375766102 5,225 109,298 Sole None 109,298
Intel Corp COM 458140100 17,661 148,963 Sole None 148,963
Johnson & Johnson COM 478160104 3,017 35,980 Sole None 35,980
Lucent Technologi COM 549463107 307 2,800 Sole None 2,800
MCI Worldcom COM 55268B106 5,903 82,281 Sole None 82,281
Mellon Bk Corp COM 585509102 3,554 51,700 Sole None 51,700
Merck & Co COM 589331107 11,052 74,930 Sole None 74,930
Microsoft Corp COM 594918104 16,016 115,486 Sole None 115,486
Pfizer Inc COM 717081103 5,050 40,400 Sole None 40,400
Philip Morris Cos COM 718154107 7,195 134,487 Sole None 134,487
Sylvan Learning S COM 871399101 2,886 94,634 Sole None 94,634
Weyerhaeuser Co COM 962166104 38,931 766,188 Sole None 766,188
</TABLE>
