WHITE MOUNTAIN PROPERTIES INC
13F-HR, 1999-08-13
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 13F

       INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS PURSUANT
  TO SECTION 13(f) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES THEREUNDER

         Report for the Calendar Year or Quarter Ended JUNE 30 , 1999 .
                                                      ---------    ---

                (PLEASE READ INSTRUCTIONS BEFORE PREPARING FORM.)

If amended report, check here:  /_/

WHITE MOUNTAINS PROPERTIES, INC. (FORMERLY KNOWN AS FUND AMERICAN ENTERPRISES,
INC.)
- -------------------------------------------------------------------------------
Name of Institutional Investment Manager


80 SOUTH MAIN STREET                   HANOVER           NH               03755
- -------------------------------------------------------------------------------
Business Address      (Street)         (City)          (State)            (Zip)

MICHAEL S. PAQUETTE     (603) 640-2205     SENIOR VICE PRESIDENT AND CONTROLLER
- -------------------------------------------------------------------------------
Name, Phone No., and Title of Person Duly Authorized to Submit This Report.

                                    ATTENTION
  INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE FEDERAL CRIMINAL
                                   VIOLATIONS.
                    SEE 18 U.S.C. 1001 AND 15 U.S.C. 78ff(a).

     The institutional investment manager submitting this Form and its
attachments are the person by whom it is signed represent hereby that all
information contained therein is true, correct and complete. It is understood
that all required items, statements and schedules are considered integral parts
of this Form and that the submission of any amendment represents that all
unamended items, statements and schedules remain true, correct and complete as
previously submitted.

     Pursuant to the requirements of Securities Exchange Act of 1934, the
undersigned institutional investment manager has caused this report to be
signed on its behalf in the City of  HANOVER  and State of NEW HAMPSHIRE on
                                   -----------            --------------
the     12TH     day of     AUGUST     , 1999   .
      --------            ----------       -----


                                           WHITE MOUNTAINS PROPERTIES, INC.
                                      ------------------------------------------
                                      (Name of Institutional Investment Manager)


                                      ------------------------------------------
                                     (Manual Signature of Person Duly Authorized
                                                  to Submit This Report)

Name and 13F file numbers of ALL Institutional Investment Managers with respect
to which this schedule is filled (other than the one filing this report): (LIST
IN ALPHABETICAL ORDER).

13F File Numbers will be assigned to Institutional Investment Managers after
they file their first report.


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<S>                                       <C>                 <C>                                          <C>
Name:                                     13F File No.:       Name:                                        13F File No.:
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1.                                                            5.
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2.                                                            6.
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3.                                                            7.
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4.                                                            8.
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</TABLE>




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