UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
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 holdings entries.
Institutional Investment Manager Filing this Report:
Name: CUMBERLAND ASSOCIATES
Address:
13 File Number: 28-1010
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 herin is true, correct, and complete, and
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: GARY TYNES
Title:
Phone: 212-536-9711
Signature, Place and Date of Signing:
GARY TYNES New York, NY May 6, 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: 0
Form 13F Information Table Entry Total: 97
Form 13F Information Table Value Total: +727647
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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x($1000) PRN AMT PRN CALL DISCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- -------- --------- -------- -------- --------
D 3COM CORP COM COMMON STOCK 885535104 466 20000 SH SOLE 20000 0 0
D ADVANTICA RESTAURANT GROUP INC COMMON STOCK 00758B109 1914 382971 SH DEFINED 368127 14844 0
D ALBERTO CULVER CO CL A COMMON STOCK 013068200 1840 86600 SH SOLE 86600 0 0
D AMERCO COM COMMON STOCK 023586100 6424 298800 SH DEFINED 250500 48300 0
D ANDRX CORP COM COMMON STOCK 034551101 17769 195000 SH DEFINED 172900 22100 0
D BANKAMERICA CORP COM STK(NEW) COMMON STOCK 06605F102 15184 215000 SH DEFINED 189100 25900 0
D BANKBOSTON CORP COM COMMON STOCK 06605R106 14509 335000 SH DEFINED 291500 43500 0
D BENTON OIL & GAS CO COM COMMON STOCK 083288100 3470 957400 SH DEFINED 768400 189000 0
D BLANCH E W HLDGS INC COM COMMON STOCK 093210102 8925 170000 SH DEFINED 149000 21000 0
D BORON LEPORE & ASSOCIATES COM COMMON STOCK 10001P102 4357 420000 SH DEFINED 368900 51100 0
D BRUNSWICK CORP COM COMMON STOCK 117043109 8196 430000 SH DEFINED 375000 55000 0
D BUSH INDS INC CL A COMMON STOCK 123164105 5193 421800 SH DEFINED 370300 51500 0
D CASH AMER INVTS INC COM COMMON STOCK 14754D100 9012 700000 SH DEFINED 627000 73000 0
D CEPHALON INC COM COMMON STOCK 156708109 4528 517500 SH DEFINED 458100 59400 0
D CHASE MANHATTAN CORP COM NEW COMMON STOCK 16161A108 13833 170000 SH DEFINED 146500 23500 0
D CHIC BY H I S INC COM COMMON STOCK 167113109 2042 859800 SH DEFINED 729600 130200 0
D CHURCH & DWIGHT INC COM COMMON STOCK 171340102 578 14200 SH DEFINED 9900 4300 0
D COINMACH LAUNDRY CORP COM COMMON STOCK 19259L101 4492 438300 SH DEFINED 397700 40600 0
D COLE NATL CORP CL A COM COMMON STOCK 193290103 6478 355000 SH DEFINED 312500 42500 0
D COMPUCOM SYS INC COM COMMON STOCK 204780100 2933 998500 SH DEFINED 891000 107500 0
D COST PLUS WORLD MKT COM COMMON STOCK 221485105 9840 335000 SH DEFINED 294450 40550 0
D CREDIT MANAGEMENT SOLUTIONS COMMON STOCK 224905109 1863 514000 SH DEFINED 438000 76000 0
D DECORA INDUSTRIES COM STK COMMON STOCK 243593308 2345 360800 SH DEFINED 290800 70000 0
D DELTA & PINE LAND CO LTD COM COMMON STOCK 247357106 4394 142900 SH DEFINED 125100 17800 0
D EMCOR GROUP INC COM COMMON STOCK 29084Q100 14605 849800 SH DEFINED 796903 52897 0
D EXECUTIVE RISK INC COM COMMON STOCK 301586103 13490 190000 SH DEFINED 165600 24400 0
D FINET HOLDINGS CORPORATION NEW COMMON STOCK 317922300 14499 2955356 SH DEFINED 2940356 15000 0
D FINISH LINE INC CL A COMMON STOCK 317923100 4506 350000 SH SOLE 350000 0 0
D FIRST UNION CORP COM COMMON STOCK 337358105 6946 130000 SH DEFINED 110100 19900 0
D FRIENDLY ICE CREAM CORP COM COMMON STOCK 358497105 4195 685000 SH DEFINED 672700 12300 0
D GENERAL INSTRUMENT CORP COM COMMON STOCK 370120107 530 17500 SH SOLE 17500 0 0
D GLOBALSTAR TELECOMMUNICATIONS COMMON STOCK G3930H104 8255 595000 SH DEFINED 517000 78000 0
D HARMAN INTL INDS INC NEW COM COMMON STOCK 413086109 10565 287500 SH DEFINED 270000 17500 0
D HASBRO INC COM COMMON STOCK 418056107 16882 583400 SH DEFINED 506550 76850 0
D HAWAIIAN AIRLS INC COM COMMON STOCK 419849104 3969 1477000 SH DEFINED 1452000 25000 0
D HOOPER HOLMES INC COM COMMON STOCK 439104100 7031 450000 SH DEFINED 405600 44400 0
D HUTCHINSON TECHNOLOGY INC COMMON STOCK 448407106 4253 171000 SH DEFINED 153300 17700 0
D HYPERCOM CORP COM COMMON STOCK 44913M105 7650 1200000 SH DEFINED 1059000 141000 0
D INACOM CORP COM COMMON STOCK 45323G109 2338 301700 SH DEFINED 264420 37280 0
D J.RAY MCDERMOTT S.A. COM COMMON STOCK P64658100 2987 100000 SH DEFINED 87500 12500 0
D JAN BELL MARKETING INC COMMON STOCK 470760109 7446 1610100 SH DEFINED 1389000 221100 0
D JONES APPAREL GROUP INC COMMON STOCK 480074103 2564 91800 SH SOLE 91800 0 0
D KONINKLIJKE PHILIPS ELECTRS N ADRS STOCKS 500472105 19430 235700 SH DEFINED 210950 24750 0
D LADD FURNITURE INC COM PAR $0. COMMON STOCK 505739201 7980 466000 SH DEFINED 399000 67000 0
D MAXIM GROUP INC COM COMMON STOCK 57772J104 4881 574300 SH DEFINED 491000 83300 0
D MCDERMOTT INTL INC COM COMMON STOCK 580037109 2531 100000 SH DEFINED 87400 12600 0
D MEDIAONE GROUP INC COM STK COMMON STOCK 58440J104 9471 149300 SH DEFINED 130800 18500 0
D MERCER INTL INC SH BEN INT COMMON STOCK 588056101 2052 338500 SH DEFINED 260500 78000 0
D MICROAGE INC COM COMMON STOCK 594928103 1902 354000 SH DEFINED 311000 43000 0
D MILESTONE SCIENTIFIC INC COM COMMON STOCK 59935P100 1002 641500 SH DEFINED 509000 132500 0
D MILLER HERMAN INC COM COMMON STOCK 600544100 13116 718700 SH DEFINED 621500 97200 0
D MONSANTO CO COM COMMON STOCK 611662107 6601 143700 SH DEFINED 125800 17900 0
D NAVISTAR INTL CORP NEW COMMON STOCK 63934E108 15697 390600 SH DEFINED 344600 46000 0
D NCR CORPORATION COM COMMON STOCK 62886E108 1000 20000 SH SOLE 20000 0 0
D NEWPARK RES. INC COM NEW COMMON STOCK 651718504 5800 800000 SH DEFINED 690000 110000 0
D NOVELL INC COM COMMON STOCK 670006105 20084 797400 SH DEFINED 699000 98400 0
D NTL INCORPORATED COM COMMON STOCK 629407107 6098 74940 SH DEFINED 68739 6201 0
D O'SULLIVAN INDS HLDGS INC COMMON STOCK 688609106 8211 594500 SH DEFINED 522000 72500 0
D OPEN MARKET INC COM COMMON STOCK 68370M100 7115 550000 SH DEFINED 485500 64500 0
D OPINION RESH CORP COM COMMON STOCK 683755102 1779 491000 SH DEFINED 477000 14000 0
D PASIFIK SATELITNUSAN TARA SPON ADRS STOCKS 69365Q106 6044 1007400 SH DEFINED 901500 105900 0
D PAYLESS SHOESOURCE COM COMMON STOCK 704379106 1023 22000 SH SOLE 22000 0 0
D PEOPLES BANCORP INC COM STK (N COMMON STOCK 709909105 3308 335000 SH DEFINED 327000 8000 0
D PIER 1 IMPORTS INC GA COM COMMON STOCK 720279108 3185 392000 SH DEFINED 346500 45500 0
D PLATINUM TECHNOLOGY INTL INC COMMON STOCK 72764T101 20471 802800 SH DEFINED 702700 100100 0
D PREMIER PARKS INC COM NEW COMMON STOCK 740540208 13629 365900 SH DEFINED 316300 49600 0
D PRIME HOSPITALITY CORP COMMON STOCK 741917108 16287 1639000 SH DEFINED 1435500 203500 0
D QUANTUM CORP COM COMMON STOCK 747906105 7740 430000 SH DEFINED 368100 61900 0
D RENAISSANCE RE HLDGS LTD COM COMMON STOCK G7496G103 5555 159000 SH DEFINED 139500 19500 0
D RESORTQUEST INTL INC COM STK COMMON STOCK 761183102 3254 203400 SH DEFINED 153600 49800 0
D RYDER SYSTEM INC COMMON STOCK 783549108 12934 468200 SH DEFINED 407650 60550 0
D SBS BROADCASTING S.A. COM COMMON STOCK L8137F102 9900 308200 SH DEFINED 276000 32200 0
D SCIENTIFIC-ATLANTA COMMON STOCK 808655104 9946 365000 SH DEFINED 321500 43500 0
D SECURITY FIRST TECHNOLOGIES CO COMMON STOCK 814279105 23042 313500 SH DEFINED 278500 35000 0
D SOLA INTL INC COM COMMON STOCK 834092108 8469 702100 SH DEFINED 624700 77400 0
D SONIC CORP COM COMMON STOCK 835451105 5805 215500 SH DEFINED 183125 32375 0
D SOVEREIGN BANCORP INC COMMON STOCK 845905108 4206 343360 SH DEFINED 265920 77440 0
D SPORTS AUTH INC COM COMMON STOCK 849176102 2699 369100 SH DEFINED 310500 58600 0
D STARWOOD HOTELS & RESORTS WORL COMMON STOCK 85590A203 16000 560210 SH DEFINED 493600 66610 0
D STEELCASE INC COM STK COMMON STOCK 858155203 3493 230000 SH DEFINED 200000 30000 0
D STONE ENERGY CORP COM COMMON STOCK 861642106 3424 107000 SH DEFINED 98000 9000 0
D STRIDE RITE CORP COMMON STOCK 863314100 2229 182000 SH SOLE 182000 0 0
D SYSTEM SOFTWARE ASSO CONV SUB CONVRT BONDS 871839AA4 2514 4500000 SH DEFINED 4080000 420000 0
D TELEPHONE & DATA SYSTEMS INC COMMON STOCK 879433100 9865 175000 SH DEFINED 121600 53400 0
D TEREX CORP NEW COM COMMON STOCK 880779103 1954 81000 SH DEFINED 53700 27300 0
D THE SPORTS AUTHORITY INC CONVRT BONDS 849176AC6 5400 7500000 SH DEFINED 6692000 808000 0
D TOYS R US COMMON STOCK 892335100 27460 1459700 SH DEFINED 1291200 168500 0
D TOYS R US OPTIONS - CALLS 8923350IV 2285 121500 SH CALL DEFINED 111800 9700 0
D TOYS R US OPTIONS - CALLS 8923355AV 1787 95000 SH CALL DEFINED 79000 16000 0
D TRAVEL SERVICES INTL INC COM COMMON STOCK 894169101 7612 725000 SH DEFINED 638000 87000 0
D UNISYS CORP USD COM COMMON STOCK 909214108 5537 200000 SH DEFINED 174300 25700 0
D UNITED INTERNATIONAL HLDGS IN COMMON STOCK 910734102 20249 465500 SH DEFINED 402200 63300 0
D UNITED RETAIL GROUP INC COMMON STOCK 911380103 8291 721000 SH DEFINED 681000 40000 0
D VARIAN ASSOC INC ** SEE CUSIP COMMON STOCK 922204102 775 20000 SH SOLE 20000 0 0
D WANG LABS INC NEW COM COMMON STOCK 93369N109 10564 538300 SH DEFINED 475400 62900 0
D WESTINGHOUSE AIR BRAKE CO NEW COMMON STOCK 960386100 14000 670700 SH DEFINED 597800 72900 0
D WET SEAL INC USD.10 CL-A COM COMMON STOCK 961840105 8665 235000 SH DEFINED 181000 54000 0
S REPORT SUMMARY 97 DATA RECORDS 727647 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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