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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended: June 30, 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-______________
The instituional 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 protion of the holding 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: 23
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Form 13F Information Table Value Total: 118,912
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(thousands)
List of Other Included Managers:
Provide a number 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 CALANDER QUARTER ENDED JUNE 30, 2000
FORM 13F
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<CAPTION>
NAME OF REPORTING MANAGER: JL ADVISORS, LLC
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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>
Applied Power Inc CL A 038225108 $ 3,969,750 118,500
Arch Communications Group Inc COM NEW 039381504 $ 682,763 107,100
AT&T Corp COM 001957109 $ 5,060,000 160,000
BRE Properties Inc CL A 05564E106 $ 3,118,500 108,000
Cable & Wireless Pub Ltd Co SPONSORED ADR 126830207 $ 5,649,553 112,850
Citizens Utils Co Del CI B 177342201 $ 19,076,775 1,105,900
Earthgrains Co COM 270319106 $ 3,700,900 190,400
El Paso Elec Co COM 283677854 $ 8,253,131 737,710
Flowers Inds Inc COM 343496105 $ 5,682,188 285,000
Global Lt Telecommunications COM 37934X100 $ 2,969,969 271,540
Honeywell Intl Inc COM 438516106 $ 6,737,500 200,000
ICG Communications Inc COM 449246107 $ 3,044,400 137,600
Keebler Foods Co COM 487256109 $ 9,775,013 263,300
Methode Electrs Inc CL A 591520200 $ 1,158,750 30,000
Newell Rubbermaid Inc COM 651229106 $ 1,287,500 50,000
Price Communications Corp COM NEW 741437305 $ 1,340,706 56,900
Quest Communications Intl Inc COM 749121109 $ 8,019,563 161,400
Reynolds R J Tob Hldgs Inc COM 76182K105 $ 3,075,919 110,100
Scana Corp New COM 80589M102 $ 13,584,788 563,100
Sylvan Learning Sys Inc COM 871399101 $ 6,809,531 497,500
TCI Satellite Entmt Inc CL A 872298104 $ 1,572,133 180,965
Terex Corp New COM 880779103 $ 2,183,906 155,300
Williams Cos Inc Del COM 959457100 $ 2,159,413 51,800
COLUMN TOTALS $ 118,912,651
<CAPTION>
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(SEC USE ONLY)
NAME OF REPORTING MANAGER: JL ADVISORS, LLC
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ITEM 6: ITEM 8:
INVESTMENT DISCRETION VOTING AUTHORITY (SHARES)
ITEM 1: ------------------------------------ ITEM 7: ------------------------------------
NAME OF ISSUER (B) SHARED- MANAGERS
(A) SOLE AS DEFINED (C) SHARED- SEE INSTR. V (A) SOLE (B) SHARED (C) NONE
IN INSTR. V OTHER
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<S> <C> <C> <C> <C> <C> <C> <C>
Applied Power Inc X X
Arch Communications Group Inc X X
AT&T Corp X X
BRE Properties Inc X X
Cable & Wireless Pub Ltd Co X X
Citizens Utils Co Del X X
Earthgrains Co X X
El Paso Elec Co X X
Flowers Inds Inc X X
Global Lt Telecommunications X X
Honeywell Intl Inc X X
ICG Communications Inc X X
Keebler Foods Co X X
Methode Electrs Inc X X
Newell Rubbermaid Inc X X
Price Communications Corp X X
Quest Communications Intl Inc X X
Reynolds R J Tob Hldgs Inc X X
Scana Corp New X X
Sylvan Learning Sys Inc X X
TCI Satellite Entmt Inc X X
Terex Corp New X X
Williams Cos Inc Del X X
COLUMN TOTALS
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