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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Quarter Ended: March 31, 2000
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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:
NEW YORK, NY
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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: 16
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Form 13F Information Table Value Total: 124,794
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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.]
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REPORT FOR THE CALENDAR QUARTER ENDED MARCH 31, 2000
FORM 13F
NAME OF REPORTING MANAGER: JL ADVISORS, LLC
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<TABLE>
<CAPTION>
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ITEM 5:
ITEM 1: ITEM 2: ITEM 3: ITEM 4: SHARES OF
NAME OF ISSUER TITLE OF CLASS CUSIP FAIR MARKET PRINCIPAL
NUMBER VALUE AMOUNT
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<S> <C> <C> <C> <C>
Arch Communications Group Inc COM NEW 039381504 $ 810,750 108,100
BCE Inc COM 05534B109 $ 11,215,367 89,410
Cable & Wireless Pub Ltd Co SPONSORED ADR 126830207 $ 8,727,600 155,850
Cabletron Sys Inc COM 126920107 $ 3,031,500 103,200
Citizens Utils Co Del CI B 177342201 $ 17,601,488 1,074,900
El Paso Elec Co COM 283677854 $ 6,373,466 614,310
Fleetboston Finl Crop COM 339030108 $ 5,405,400 145,600
General Mtrs Corp COM 370442105 $ 14,051,708 169,681
Global Lt Telecommunications COM 37934X100 $ 5,665,995 276,390
ICG Communications Inc COM 449246107 $ 10,120,338 282,100
Methode Electrs Inc CL A 591520200 $ 8,802,150 174,300
Metrocall Inc COM 591647102 $ 1,475,000 147,500
Quest Communications Intl Inc COM 749121109 $ 7,440,000 155,000
Sylvan Learning Sys Inc COM 871399101 $ 3,611,563 227,500
TCI Satellite Entmt Inc CL A 872298104 $ 5,391,016 280,965
Williams Cos Inc Del COM 959457100 $ 15,070,563 343,000
COLUMN TOTALS $ 124,793,904
</TABLE>
<TABLE>
<CAPTION>
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(SEC USE ONLY)
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ITEM 6: ITEM 8:
ITEM 1: INVESTMENT DISCRETION ITEM 7: VOTING AUTHORITY (SHARES)
NAME OF ISSUER ----------------------------------- MANAGERS -----------------------------
(b)SHARED- SEE INSTR.V (a)SOLE (b)SHARED (c) NONE
(a)SOLE AS DEFINED (c)SHARED-
IN INSTR. V OTHER
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<S> <C> <C> <C> <C> <C> <C> <C>
Arch Communications Group Inc X X
BCE Inc X X
Cable & Wireless Pub Ltd Co X X
Cabletron Sys Inc X X
Citizens Utils Co Del X X
El Paso Elec Co X X
Fleetboston Finl Crop X X
General Mtrs Corp X X
Global Lt Telecommunications X X
ICG Communications Inc X X
Methode Electrs Inc X X
Metrocall Inc X X
Quest Communications Intl Inc X X
Sylvan Learning Sys Inc X X
TCI Satellite Entmt Inc X X
Williams Cos Inc Del X X
COLUMN TOTALS
</TABLE>
