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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: June 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 8/10/00
_______________________ _____________________ _________
[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: 50
Form 13F Information Table Value Total: $167,338
[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
June 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>
AT&T Corp 001957109 16,924 532,000 505,699 26,301 NO 505,699 26,301
Nabisco Group Holdings 62952P102 9,625 371,100 347,237 23,863 NO 347,237 23,863
Casino Data Systems 147583108 8,021 1,236,904 1,146,081 90,823 NO 1,146,081 90,823
Bally Total Fitness
Hldgs 05873K108 7,818 308,099 285,578 22,521 NO 285,578 22,521
Seagram Company Ltd 811850106 7,248 125,000 115,951 9,049 NO 115,951 9,049
Birmingham Steel Corp 091250100 6,716 1,733,100 1,606,412 126,688 NO 1,606,412 126,688
Healthsouth Corp. 421924101 6,676 928,800 861,366 67,434 NO 861,366 67,434
Total Renal Care
Holdings 89151A107 5,944 990,700 918,280 72,420 NO 918,280 72,420
Starwood Hotels &
Resorts 85590A203 5,696 175,000 162,296 12,704 NO 162,296 12,704
Laser Mortgage Mgt.,
Inc. 51806D100 5,445 1,428,200 1,321,341 106,859 NO 1,321,341 106,859
Merrill Lynch & Co.,
Inc 590188108 5,106 44,400 41,154 3,246 NO 41,154 3,246
CMS Energy Corp. 125896100 5,093 230,200 213,487 16,713 NO 213,487 16,713
Park Place
Entertainment 700690100 4,785 392,600 363,302 29,298 NO 363,302 29,298
Marvel Enterprises
Inc. 57383M108 4,569 731,000 677,564 53,436 NO 677,564 53,436
OfficeMax, Inc. 67622M108 4,196 839,200 778,066 61,134 NO 778,066 61,134
Central Newspapers
Inc. 154647101 3,934 62,200 57,678 4,522 NO 57,678 4,522
Cendant Corporation 151313103 3,919 270,300 250,677 19,623 NO 250,677 19,623
Radio Unica
Communications Corp 75040Q106 3,600 514,300 476,705 37,595 NO 476,705 37,595
Readers Digest
Association 755267101 3,478 87,500 81,129 6,371 NO 81,129 6,371
Cisco Systems 17275R102 3,178 50,000 46,210 3,790 NO 46,210 3,790
Gemstar International
Gr. 36866W106 3,073 50,000 46,345 3,655 NO 46,345 3,655
Telespectrum Worldwide 87951U109 3,065 671,700 622,599 49,101 NO 622,599 49,101
DuPont El de Nemours 263534109 3,063 70,000 64,918 5,082 NO 64,918 5,082
Sprint FON Group 852061100 3,060 60,000 55,614 4,386 NO 55,614 4,386
WMS Industries Inc. 929297109 2,961 191,800 177,682 14,118 NO 177,682 14,118
4
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Global Telesystems
Group 37936U104 2,555 211,800 196,423 15,377 NO 196,423 15,377
Santa Fe International G7805C108 2,446 70,000 70,000 0 NO 70,000 0
Lehman Brothers
Holdings 524908100 2,374 25,100 22,626 2,474 NO 22,626 2,474
Goldman Sachs Group 38141G104 2,341 24,700 24,700 0 NO 24,700 0
Kroger Company 501044101 2,206 100,000 92,740 7,260 NO 92,740 7,260
Hilton Hotels Corp. 432848109 2,109 225,000 208,666 16,334 NO 208,666 16,334
Energizer Holdings
Inc. 29266R108 2,099 115,000 106,595 8,405 NO 106,595 8,405
Bowater Incorporated 102183100 1,994 45,200 41,896 3,304 NO 41,896 3,304
USX Marathon Group..
Marathon Oil 902905827 1,754 70,000 64,841 5,159 NO 64,841 5,159
Packaging Corp of
America 695156109 1,508 148,900 138,027 10,873 NO 138,027 10,873
Pactiv Corporation 695257105 1,359 172,600 159,880 12,720 NO 159,880 12,720
Argosy Gaming Company 40228108 1,181 82,100 76,175 5,925 NO 76,175 5,925
Conseco Inc. 208464107 975 100,000 92,420 7,580 NO 92,420 7,580
Ross Stores 778296103 853 50,000 46,372 3,628 NO 46,372 3,628
Morgan Stanley Dean
Witter 617446448 833 10,000 9,242 758 NO 9,242 758
Donaldson Lufkin and
Jenrette 257661108 768 18,100 15,601 2,499 NO 15,601 2,499
Charles Schwab Corp 808513105 757 22,499 20,796 1,703 NO 20,796 1,703
Cell Therapeutics Inc. 150934107 613 20,000 18,548 1,452 NO 18,548 1,452
MDU Communications
Intl 582828109 500 200,000 185,482 14,518 NO 185,482 14,518
Methode Electronics 591520200 255 6,600 6,118 482 NO 6,118 482
3Com Corporation 885535104 190 3,300 3,050 250 NO 3,050 250
SPX Put July 22
Strike 1400 648815YST 201 309 286 23 NO 286 23
SPX Put July
Strike 1325 648815MSE 55 400 371 29 NO 371 29
Old Kent Financial
Corp. Put July
Strike 30 6798332SV 31 100 92 8 NO 92 8
R and B Falcon Calls
July Strike 22 1/2 74912EEGX 188 1,000 928 72 NO 928 72
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02740001.AA6
