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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 Ended: December 31, 1999
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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: JL Advisors, LLC
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Address: 655 Madison Avenue, 21st Floor
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New York, NY 10021
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Form 13F File Number: 28-
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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 Lewittes
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Title: Managing Member
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Phone: (212) 593-2729
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Signature, Place, and Date of Signing:
/s/ Michael Lewittes New York, NY 2/9/00
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[Signature] [City, State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all
holdings are reported by other reporting manager(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:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28-
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[Repeat as necessary.]
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: None
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Form 13F Information Table Entry Total: 19
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Form 13F Information Table Value Total: 109,935
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(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-
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[Repeat as necessary.]
<PAGE> 3
Report for the Calander Year Ended December 31, 1999
FORM 13F
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(SEC USE ONLY)
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Name of Reporting Manager: JL Advisors, LLC
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<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 5: Investment Discretion
Item 1: Item 2: Item 3: Item 4: Shares of --------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Principal (b) Shared-
Number Value Amount (a) Sole As Defined (c) Shared-
In Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Advanced Radio Telecom Corp COM 00754U101 $ 2,381,250 100,000 X
AT&T Corp COM LIB GRP A 001957208 $ 9,942,188 175,000 X
Cable & Wireless Pub Ltd Co SPONSORED ADR 126830207 $ 11,249,219 212,500 X
Cabletron Sys Inc COM 126920107 $ 1,300,000 50,000 X
Cendant Corp COM 151313103 $ 5,976,563 225,000 X
Citizens Utils Co Del CL B 177342201 $ 13,828,556 974,700 X
Comdisco Inc COM 200336105 $ 5,200,733 139,617 X
Dun & Bradstreet Corp COM 26483B106 $ 5,298,230 179,601 X
Earthgrains Co COM 270319106 $ 1,612,500 100,000 X
El Paso Elec Co COM 283677854 $ 5,411,692 551,510 X
Flowers Inds Inc COM 343496105 $ 1,812,588 113,731 X
Global LI Telecommunications COM 37934X100 $ 5,926,264 478,690 X
GST Telecommunications Inc COM 361942105 $ 2,245,987 247,833 X
Methode Electrs Inc CL A 591520200 $ 3,040,000 95,000 X
MGC Communication Inc COM 552763302 $ 9,726,338 193,600 X
Price Communications Corp COM NEW 741437305 $ 3,996,406 143,691 X
TCI Satellite Emlmt Inc CL A 872298104 $ 8,070,192 506,365 X
Western Wireless Corp CL A 95988E204 $ 9,554,025 143,400 X
Williams Cos Inc Del COM 959457100 $ 3,361,675 110,000 X
COLUMN TOTALS $109,934,606
</TABLE>
<TABLE>
<CAPTION>
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Item 8:
Item 1: Item 7: Voting Authority (Shares)
Name of Issuer Managers ----------------------------------
See Instr. V (a) Sole (b) Shared (c) None
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<S> <C> <C> <C> <C>
Advanced Radio Telecom Corp X
AT&T Corp X
Cable & Wireless Pub Ltd Co X
Cabletron Sys Inc X
Cendant Corp X
Citizens Utils Co Del X
Comdisco Inc X
Dun & Bradstreet Corp X
Earthgrains Co X
El Paso Elec Co X
Flowers Inds Inc X
Global LI Telecommunications X
GST Telecommunications Inc X
Methode Electrs Inc X
MGC Communication Inc X
Price Communications Corp X
TCI Satellite Emlmt Inc X
Western Wireless Corp X
Williams Cos Inc Del X
COLUMN TOTALS
</TABLE>
