Form 13F Cover Page
Report for the Calendar Year or Quarter Ended: March 31, 1999
Check here if Amendment [X]: Amendment Number: 01
This Amendment (Check only one):
[X] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Madison Investment Advisors, Inc.
Address: 6411 Mineral Point Road, Madison, WI 53705
Form 13F File Number: 28-03477
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: W. Richard Mason
Title: General Counsel
Phone: 703-528-3600
Signature, Place, and Date of Signing
(signature)
W. Richard Mason
Arlington, Virginia
April 15, 1999
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).)
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Form 13F Summary Page
Report Summary:
Number of Other Included Managers: None
Form 13F Information Table Entry Total: 54
Form 13F Information Table Value Total: $253,587 (thousands)
List of Other Included Managers: None
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Form 13F Information Table
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<CAPTION>
Title
of Value Shrs or Investment Other Voting Authority
Name of Issuer Class CUSIP (x$1000) prn amt SH/PRN Discretion Managers Sole Shared None
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Abbott Labs COM 002824100 3,619 73,870 SH SOLE 26,975 40,935 5,960
Abbott Labs COM 002824100 3,814 81,495 SH SOLE 31,500 42,290 7,705
American Express COM 025816109 4,981 42,305 SH SOLE 19,550 16,910 5,845
American Home Products COM 026609107 215 3,300 SH SOLE 3,300
Amer. Power Conversion COM 029066107 482 17,875 SH SOLE 10,250 7,625
Assoc. 1ST Capital-A COM 046008108 4,381 97,360 SH SOLE 46,700 38,085 12,575
Boeing COM 097023105 229 6,750 SH SOLE 6,750
Bristol-Myers Squibb COM 110122108 20,224 315,390 SH SOLE 38,250 112,305 164,835
CVS Corp. COM 126650100 16,021 337,290 SH SOLE 49,125 86,635 201,530
Cadence Design Systems COM 127387108 567 22,025 SH SOLE 13,550 8,475
Callaway Golf Co. COM 131193104 207 20,400 SH SOLE 12,750 7,650
Cisco Systems, Inc. COM 17275R102 737 6,727 SH SOLE 6,727
Citigroup, Inc. COM 172967101 3,497 54,755 SH SOLE 28,775 17,805 8,175
Compaq Computer COM 204493100 21,432 676,376 SH SOLE 86,200 213,865 376,311
Computer Sciences COM 205363104 3,282 59,475 SH SOLE 30,350 22,150 6,975
Dayton Hudson COM 239753106 3,816 57,285 SH SOLE 30,550 18,100 8,635
Dentsply Int'l, Inc. COM 249030107 610 26,250 SH SOLE 17,500 8,750
Eastman Kodak COM 277461109 407 6,375 SH SOLE 6,375
Expeditors Intl Wash COM 302130109 777 14,400 SH SOLE 9,200 5,200
Finova Group, Inc. COM 317928109 523 10,100 SH SOLE 6,400 3,700
Fiserv, Inc COM 337738108 826 15,419 SH SOLE 9,900 5,519
Freddie Mac COM 313400301 15,636 272,826 SH SOLE 38,475 89,505 144,846
General Electric COM 369604103 276 2,500 SH SOLE 2,400 100
Heinz, H.J. COM 423074103 15,302 323,015 SH SOLE 35,750 84,490 202,775
Hewlett-Packard COM 428236103 2,785 41,080 SH SOLE 13,050 22,875 5,155
Hillenbrand Inds COM 431573104 535 11,600 SH SOLE 7,475 4,125
Johnson & Johnson COM 478160104 19,284 206,256 SH SOLE 27,325 70,715 108,216
Kroger, Co. COM 501044101 18,049 301,453 SH SOLE 47,150 101,925 152,378
Lexmark Intl Grp Cl A COM 529771107 5,084 45,450 SH SOLE 23,100 17,225 5,125
Lucent Technologies COM 549463107 388 3,600 SH SOLE 3,600
MBIA, Inc. COM 55262C100 603 10,400 SH SOLE 7,075 3,325
MCI Worldcom, Inc. COM 55268B106 3,326 37,560 SH SOLE 19,650 12,350 5,560
MGIC Investment COM 552848103 4,135 117,940 SH SOLE 47,500 58,865 11,575
Marshall & Ilsley COM 571834100 679 12,263 SH SOLE 2,000 10,263
Mediaone Group, Inc. COM 58440J104 4,362 68,775 SH SOLE 31,700 27,500 9,575
Nabisco Hldgs Co Cl A COM 629526104 4,581 110,225 SH SOLE 41,350 56,505 12,370
National City Corp COM 635405103 4,816 72,570 SH SOLE 25,750 39,325 7,495
Network Assoc, Inc. COM 640938106 350 11,425 SH SOLE 7,275 4,150
Nike, Inc Cl B COM 654106103 4,623 80,150 SH SOLE 42,300 27,990 9,860
Officemax, Inc. COM 67622M108 552 64,100 SH SOLE 41,600 22,500
Pepsico COM 713448108 17,551 447,895 SH SOLE 62,550 149,580 235,765
Pfizer Inc COM 717081103 701 5,055 SH SOLE 4,800 255
Philip Morris COM 718154107 327 9,300 SH SOLE 9,300
Proctor & Gamble COM 742718109 248 2,540 SH SOLE 2,540
Regions Financial Corp COM 758940100 618 17,850 SH SOLE 11,300 6,550
Richfood Holdings Inc COM 763408101 572 26,550 SH SOLE 16,800 9,750
Safeway, Inc. COM 786514208 17,572 342,465 SH SOLE 42,600 111,060 188,805
Sara Lee Corp COM 803111103 201 8,140 SH SOLE 8,140
Solectron Corp. COM 834182107 684 14,100 SH SOLE 8,000 6,100
Southtrust Corp COM 844730101 519 13,925 SH SOLE 9,525 4,400
Summit Bancorp COM 866005101 384 9,850 SH SOLE 9,000 850
Telephone & Data Sys COM 879433100 648 11,500 SH SOLE 6,950 4,550
Tommy Hilfiger Corp COM G8915Z102 559 8,125 SH SOLE 5,350 2,775
U.S. Industries, Inc. COM 912080108 3,079 187,330 SH SOLE 91,900 72,795 22,635
Wells Fargo & Co COM 949746101 17,502 499,169 SH SOLE 59,895 165,438 273,836
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