UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
Report for the Calendar Year or Quarter Ended: March 31, 1999.
Check here if Amendment [ ] Amendment Number: _____________
[ ] This amendment is a restatement.
[ ] This amendment adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: ALTA ASSET MANAGEMENT, L.L.C.
Address: 136 E. South Temple, #1620, Salt Lake City, UT 84111
Form 13F File Number: 28-7794
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: David J. Wagstaff
Title: Managing Member
Phone: 801-532-2777
Signature, Place, and Date of Signing:
David J. Wagstaff Salt Lake City, Utah April 1, 1999
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 29
Form 13F Information Table Value Total: 127,776
<PAGE>
<TABLE> <C> <C>
VALUE SHARES/ INVST VOTE
NAME OF ISSUER CLASS CUSIP X$1000 PRN AMT DSCTN AUTH
Cisco Systems 17275R102 13,420 122,487 Sole None
Sun Microsystems 866810104 9,056 72,414 Sole None
Costco Co. Inc. 22160Q102 8.491 92,739 Sole None
Watson Pharmaceut 942683103 8,256 187,102 Sole None
Gillette 375766102 7,076 119,055 Sole None
Microsoft Corp. 594918104 6,836 76,276 Sole None
Johnson & Johnson 478160104 6,754 72,239 Sole None
Ace Ltd. 004644100 6,720 215,476 Sole None
Berkshire Hathaway B 084670207 6,555 2,788 Sole None
Federal Home Loan 313400301 6,073 105,960 Sole None
PepsiCo, Inc. 713448108 5,770 147,235 Sole None
Berkshire Hathaway A 084670108 5,569 78 Sole None
Disney 254687106 4,993 160,427 Sole None
Harley Davidson 412822108 4,971 86,635 Sole None
American Express 025816109 4,898 41,595 Sole None
Proctor & Gamble 742718109 4,824 49,255 Sole None
Wells Fargo 949746101 4,740 135,180 Sole None
RLI Corp. 749607107 3,816 130,450 Sole None
Crescent Real Est 225756105 3,378 157,108 Sole None
WA Mutual 939322103 2,989 73,116 Sole None
Warner-Lambert 934488107 699 10,545 Sole None
MCI WorldCom Inc. 55268B106 574 6,483 Sole None
SchValueAd 808515605 441 441,281 Sole None
At Home Corp. 045919107 268 1,700 Sole None
Shire Pharmaceut ADR 82481R106 267 11,700 Sole None
American Home Prod 026609107 216 3,305 Sole None
Shire Pharm. Gp 000799803 115 15,100 Sole None
Microbest 59500X108 11 13,506 Sole None
TPA America, Inc. 872605100 0 15,000 Sole None
</TABLE>
