[TEXT] UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13 F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter ended: March 31, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holding entries.
Institutional Investment Manager Filing this Report:
Name: Downtown Associates
Address: 920 E. Baltimore Pike
Kennett Square, PA 19348
13F File Number: 28-7598
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: Wayne A. Grover
Title: Vice President
Phone: 610-388-5920
Signature, Place, and Date of Signing:
Wayne A. Grover Kennett Square, PA April 9, 1999
Report Type (Check only one.):
[x] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 3
Form 13F Information Table Entry Total: 34
Form 13F Information Table Value Total: $79,765.93
List of Other Included Managers:
No. 13F File Number Name
01 Downtown Associates LLC
02 Ronald J. Juvonen
03 A.L. Loomis, III
04 Philip C. Timon
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FORM 13F INFORMATION TABLE
TITLE
OF VALUE SHARES/ SH/PUT/INVSTMT OTHER VOTINGAUTHORITY
NAME OF ISSUER CLASS CUSIP (X$1000)PRN AMT PRNCALLDSCRETN MANAGERS SOLE SHARED NONE
AIR EXPRESS INT'L CORP COM 009104100 1261.4 83400SH SOLE 01 83400
ASHWORTH INC COM 04516H101 1530.2 437200SH SOLE 01 437200
ASHWORTH INC COM 04516H101 222.95 63700SH DEFINED 02 03 04 63700
BORDERS GROUP INC CALL 099709907 9.375 600SH CALLDEFINED 02 03 04 600
BORDERS GROUP INC COM 099709107 843.75 60000SH DEFINED 02 03 04 60000
CIRCUIT CITY STORES INC COM 172737108 3965.3 51750SH SOLE 01 51750
CCC INFO SRVC GRP INC COM 12487Q109 4180.9 359650SH SOLE 01 359650
CCC INFO SRVC GRP INC COM 12487Q109 1573.4 135350SH DEFINED 02 03 04 135350
CENTURA SOFTWARE CORP COM 15640W103 30.938 30000SH DEFINED 02 03 04 30000
EGGHEAD INC COM 282330109 363.75 20000SH DEFINED 02 03 04 20000
EAGLE USA AIRFREIGHT INC COM 270018104 487.5 15000SH SOLE 01 15000
GENTEX CORP CALL 371901909 286.88 1800SH CALLDEFINED 02 03 04 1800
GENTEX CORP COM 371901109 7331.3 340000SH SOLE 01 340000
GENTEX CORP COM 371901109 4592.8 213000SH DEFINED 02 03 04 213000
HA-LO INDUSTRIES INC COM 404429102 5448.3 442500SH SOLE 01 442500
HA-LO INDUSTRIES INC COM 404429102 1231.3 100000SH DEFINED 02 03 04 100000
HYPERION SOLUTIONS COM 44914M104 5291.1 364900SH SOLE 01 364900
HYPERION SOLUTIONS COM 44914M104 2309.1 159250SH DEFINED 02 03 04 159250
INVESTMENT TECH GRP INC COM 461450108 8703.6 171500SH SOLE 01 171500
INVESTMENT TECH GRP INC COM 461450108 3298.8 65000SH DEFINED 02 03 04 65000
INFOUSA INC NEW CL A 456818202 1183.2 278400SH SOLE 01 278400
INFOUSA INC NEW CL A 456818202 361.25 85000SH DEFINED 02 03 04 85000
INFOUSA INC NEW CL B 456818103 112.5 155000SH SOLE 01 155000
INFOUSA INC NEW CLB 456818103 26.1 5800SH DEFINED 02 03 04 5800
CIRCUIT CITY STORES INC CARMAX172737306 1154.1 293100SH SOLE 01 293100
CIRCUIT CITY STORES INC CARMAX172737306 113.79 28900SH DEFINED 02 03 04 28900
MOORE HANDLEY INC COM 615762101 242 121000SH DEFINED 02 03 04 121000
REXALL SUNDOWN INC COM 761648104 4873.6 254000SH SOLE 01 254000
REXALL SUNDOWN INC COM 761648104 1208.8 63000SH DEFINED 02 03 04 63000
TRAVIS BOATS & MOTORS INC COM 894363100 4788 266000SH SOLE 01 266000
TRAVIS BOATS & MOTORS INC COM 894363100 1449 80500SH DEFINED 02 03 04 80500
TECHNOLOGY SOLUTIONS INC COM 87872T108 2629.8 369100SH SOLE 01 369100
TECHNOLOGY SOLUTIONS INC COM 87872T108 712.5 100000SH DEFINED 02 03 04 100000
WHOLE FOODS MARKET INC COM 966837106 5585.9 162500SH SOLE 01 162500
WHOLE FOODS MARKET INC COM 966837106 687.5 20000SH DEFINED 02 03 04 20000
WABASH NATIONAL CORP COM 929566107 1086.9 93500SH SOLE 01 93500
WABASH NATIONAL CORP COM 929566107 588.23 50600SH DEFINED 02 03 04 50600
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