SCHEDULE 13G
NEWPORT CORPORATION-COMMON STOCK
CUSIP: 651824104
AMENDMENT NO. 3
1. NAME OF REPORTING PERSON
Michael W. Cook Asset Management, Inc.
d/b/a Cook Mayer Taylor
62-1378280
2. Check the appropriate box if a member of a group
a.
b. X
3. SEC Use Only
4. Citizenship or place of organization
Tennessee
5. Sole voting power
438,250
6. Share voting power
N/A
7. Sole dispositive power
438,250
8. Share dispositive power
N/A
9. Aggregate amount beneficially owned by each
reporting person - 438,250
10. Check box if the aggregate amount in row (9)
excludes certain shares - N/A
11. Percent of class represented by amount in Row 9
4.8%
12. Type of reporting person
IA
GENERAL INSTRUCTIONS
Item 1:
Name of Issuer - Newport Corporation
Address of Issuer's Principal Executive Offices -
1791 Deere Ave.,
Irvine, CA 92714
Item 2.
Name of Person Filing:
Michael W. Cook Asset Management, Inc.
d/b/a Cook Mayer Taylor
Address:
1613 Winchester Rd., Suite 210
Memphis, TN 38116
Citizenship
TN
Title of Class of Securities
Common Stock
CUSIP Number
651824104
Item 3:
X Investment advisor registered under section 203 of the
Investment Advisers Act of 1940
Item 4:
Ownership:
Amount beneficially owned - 438,250
Percent of Class - 4.8%
Number of Shares as to which such person has:
i. sole power to vote or to direct the vote - 438,250
ii. shared power to vote or to direct the vote - N/A
iii. sole power to dispose or to direct the
disposition of - 438,250
iv. shared power to dispose or to direct
the disposition of- N/A
Item 5:
Ownership of Five Percent or Less of a Class - N/A
Item 6:
Ownership of More than five percent on behalf of
another person - N/A
Item 7:
Identification and classification of the subsidiary
which acquired the security being reported on
by the parent holding company. - N/A
Item 8:
Identification and classification of Members
of the Group - N/A
Item 9:
Notice of Dissolution of Group - N/A
Item 10:
Certification:
John McFadden, Vice President - 02-12-99
