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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: September 30, 2000
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: SLS Management, LLC
Address: 140 West 57th Street, Suite 7B
New York, New York 10019
Form 13F File Number: 28-05389
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: Steven Rohlfing
Title: Controller
Phone: (212)537-3605
Signature, Place, and Date of Signing:
/s/ Steven Rohlfing New York, New York 11/4/00
____________________ __________________ _______
[Signature] [City, State] [Date]
Report Type (Check only one.):
[ ] 13F HOLDINGS REPORT. (Check here if all holdings of
this reporting manager are reported in this report.)
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[ ] 13F NOTICE. (Check her if no holdings reported are in
this report, and all holdings are reported by other
reporting manger(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: NONE
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28-
[Repeat as necessary.]
2
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 57
Form 13F Information Table Value Total: $193,964
[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.]
3
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PORTFOLIO APPRAISAL
FORM 13F
September 30, 2000
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ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------ ------ ------ ------ ------ ------ ------ ------
FAIR INVESTMENT
TITLE CUSIP MARKET SHRS OR DISCRETION OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS NUMBER VALUE PRN AMT SH/PRN SOLE SHARED MANAGERS SOLE SHARED NONE
(thousands)
-------------- -------- ------ ------ ------- ------ ---- ------ -------- ------ ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Voicestream
Wireless Corp. Common 928615103 10,271,531 88,500 SH 88,500 0 NO 88,500 0
Casino Data Systems Common 147583108 9,426,228 1,346,604 SH 1,251,621 94,983 NO 1,251,621 94,983
Bally Total Fitness
Hldgs Common 05873K108 8,937,475 357,499 SH 332,349 25,150 NO 332,349 25,150
Merrill Lynch
& Co., Inc Common 590188108 8,355,600 126,600 SH 117,775 8,825 NO 117,775 8,825
Healthsouth Corp. Common 421924101 8,342,269 1,034,700 SH 961,093 73,607 NO 961,093 73,607
Associates First
Capital Corp Common 046008108 8,170,000 215,000 SH 199,693 15,307 NO 199,693 15,307
Davita Inc Common 89151A107 7,549,500 1,006,600 SH 936,436 70,164 NO 936,436 70,164
Park Place
Entertainment Common 700690100 6,890,950 455,600 SH 423,845 31,755 NO 423,845 31,755
Lehman Brothers
Holdings Common 524908100 5,945,000 40,000 SH 36,434 3,566 NO 36,434 3,566
Birmingham Steel
Corp Common 091250100 5,148,981 1,915,900 SH 1,784,327 131,573 NO 1,784,327 131,573
Pactiv Corporation Common 695257105 4,903,481 438,300 SH 407,750 30,550 NO 407,750 30,550
AT&T Corp Common 001957109 4,671,650 160,400 SH 149,219 11,181 NO 149,219 11,181
Applied Power Inc. Common G04397108 4,631,250 95,000 SH 88,378 6,622 NO 88,378 6,622
Station Casinos Inc. Common 857689103 4,631,250 325,000 SH 302,348 22,652 NO 302,348 22,652
UST, Inc. Common 902911106 4,575,000 200,000 SH 185,421 14,579 NO 185,421 14,579
Key3Media Group Inc Common 49326R104 4,508,984 412,250 SH 384,004 28,246 NO 384,004 28,246
Charter Communi-
cations, Inc. Common 16117M107 4,066,406 250,000 SH 232,575 17,425 NO 232,575 17,425
Mattel, Inc. Common 577081102 4,062,181 363,100 SH 337,792 25,308 NO 337,792 25,308
Textron Inc. Common 883203101 3,824,325 82,800 SH 77,029 5,771 NO 77,029 5,771
Laser Mortgage
Mgt., Inc. Common 51806D100 3,609,769 1,178,700 SH 1,092,338 86,362 NO 1,092,338 86,362
Hasbro Inc. Common 418056107 3,511,312 307,000 SH 285,602 21,398 NO 285,602 21,398
Radio Unica
Communications Corp Common 75040Q106 3,354,870 865,773 SH 806,976 58,797 NO 806,976 58,797
First Union
Corporation Common 337358105 3,218,750 100,000 SH 93,030 6,970 NO 93,030 6,970
WMS Industries
Inc. Common 929297109 3,150,000 140,000 SH 130,243 9,757 NO 130,243 9,757
AT& T Canada Common 00207Q202 3,050,000 100,000 SH 92,710 7,290 NO 92,710 7,290
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Marvel Enter-
prises Inc. Common 57383M108 2,939,950 904,600 SH 841,419 63,181 NO 841,419 63,181
Sprint FON Group Common 852061100 2,931,250 100,000 SH 93,030 6,970 NO 93,030 6,970
C-Cube Micro-
systems Common 12501N108 2,767,500 135,000 SH 125,591 9,409 NO 125,591 9,409
Cablevision
Systems Corp. Common 12686C109 2,670,000 40,000 SH 37,212 2,788 NO 37,212 2,788
AT&T Corp. Liberty
Media Group Common 001957208 2,646,250 145,000 SH 134,894 10,106 NO 134,894 10,106
R.J. Reynolds
Tobacco Common 76182K105 2,580,000 80,000 SH 74,424 5,576 NO 74,424 5,576
Amazon.com Common 023135106 2,460,000 64,000 SH 59,470 4,530 NO 59,470 4,530
Phillip Morris
Companies Common 718154107 2,355,000 80,000 SH 74,424 5,576 NO 74,424 5,576
Methanex Corp. Common 59151K108 2,305,969 455,500 SH 424,135 31,365 NO 424,135 31,365
United Micro-
electronics Corp Common 910873207 2,196,875 185,000 SH 172,106 12,894 NO 172,106 12,894
SPX Corp. Common 784635104 2,129,062 15,000 SH 13,955 1,045 NO 13,955 1,045
McDonalds Corp. Common 580135101 2,113,125 70,000 SH 65,121 4,879 NO 65,121 4,879
Nabisco Group
Holdings Common 62952P102 2,026,350 71,100 SH 66,144 4,956 NO 66,144 4,956
Cendant
Corporation Common 151313103 1,903,125 175,000 SH 162,173 12,827 NO 162,173 12,827
OfficeMax, Inc. Common 67622M108 1,898,812 533,000 SH 495,849 37,151 NO 495,849 37,151
Johns Manville
Corp. Common 478129109 1,696,875 150,000 SH 139,545 10,455 NO 139,545 10,455
International
Game Technology Common 459902102 1,681,250 50,000 SH 46,515 3,485 NO 46,515 3,485
Packaging Corp
of America Common 695156109 1,661,587 150,200 SH 139,327 10,873 NO 139,327 10,873
Comcast Corp. Common 200300200 1,637,500 40,000 SH 37,212 2,788 NO 37,212 2,788
Golden West
Financial Corp Common 381317106 1,565,850 29,200 SH 27,164 2,036 NO 27,164 2,036
Knight/Trimark
Group Inc. Common 499063105 1,440,000 40,000 SH 39,728 272 NO 39,728 272
Qualcomm, Inc. Common 747525103 1,425,000 20,000 SH 18,606 1,394 NO 18,606 1,394
Lyondell Chemical
Company Common 552078107 1,181,250 100,000 SH 93,030 6,970 NO 93,030 6,970
Cox Communications Common 224044107 1,147,500 30,000 SH 27,909 2,091 NO 27,909 2,091
Morgan Stanley
Dean Witter Common 617446448 1,051,531 11,500 SH 10,058 1,442 NO 10,058 1,442
Methode
Electronics Common 591520200 771,037 17,400 SH 16,124 1,276 NO 16,124 1,276
Goldman Sachs
Group Common 38141G104 763,381 6,700 SH 6,700 0 NO 6,700 0
Telespectrum
Worldwide Common 87951U109 656,687 1,050,700 SH 978,916 71,784 NO 978,916 71,784
Bear Sterns
Companies Common 073902108 650,000 10,000 SH 9,303 697 NO 9,303 697
McDermott
International Common 580037109 566,500 51,500 SH 47,910 3,590 NO 47,910 3,590
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MDU Communications
Intl Common 582828109 293,750 200,000 SH 185,482 14,518 NO 185,482 14,518
Stratos Lightwave
Put 3/01 Strike
45 Common 8631000O1 19,250 10 SH 8 2 NO 8 2
GM Hughes Electronic
Call Dec Strike
35 Common 370442OLG 1,025,000 2,500 SH 2,326 174 NO 2,326 174
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