UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 1999
Institutional Investment Manager Filing this Report:
Name: General American Investors Company, Inc.
Address: 450 Lexington Avenue, Suite 3300
New York, NY 10017
13F File Number: 28-461
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:
Name: Eugene L. DeStaebler, Jr.
Title: Vice-President, Administration
Phone: 212-916-8400
Signature, Place and Date of Signing:
Eugene L. DeStaebler, Jr. New York, NY August 10, 1999
Report Type (Check only one.):
[x] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager:
NONE
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: 60
Form 13F Information Table Value Total: $795,675,015
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NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST. DISC. OTHER VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SH/ SHARED MGRS.
CLASS VALUE AMOUNT PRN SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
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<S> <C> <C> <C>
Adams Express Company COMMON 006212104 1,318,809 45,281 SH X 45,281
American International Gro COMMON 026874107 14,656,250 125,000 SH X 125,000
Annuity and Life Re (Holdi COMMON G03910109 11,218,750 500,000 SH X 500,000
AmerUs Life Holdings, Inc. COMMON 030732101 12,150,000 450,000 SH X 450,000
AMR Corporation COMMON 001765106 25,935,000 380,000 SH X 380,000
Buffets, Inc. COMMON 119882108 12,937,500 1,125,000 SH X 1,125,000
BioReliance Corporation COMMON 090951104 2,060,500 317,000 SH X 317,000
Berkshire Hathaway Inc. COMMON 084670108 24,115,000 350 SH X 350
CCB Financial Corp. COMMON 124875105 10,575,000 200,000 SH X 200,000
Central Securities Corpora COMMON 155123102 919,800 33,600 SH X 33,600
Consolidated Stores Corpor COMMON 210149100 10,125,000 375,000 SH X 375,000
Centocor, Inc. COMMON 152342101 9,325,000 200,000 SH X 200,000
Cox Communications, Inc. - COMMON 224044107 19,142,500 520,000 SH X 520,000
Cisco Systems, Inc. COMMON 17275R102 28,996,875 450,000 SH X 450,000
C-Cube Microsystems Inc. COMMON 125015107 4,753,125 150,000 SH X 150,000
Daimler Chrysler AG COMMON D1668R123 19,669,000 221,000 SH X 221,000
DuPont Photomasks, Inc. COMMON 26613X101 5,745,000 120,000 SH X 120,000
Ford Motor Company COMMON 345370100 28,218,750 500,000 SH X 500,000
First Midwest Bancorp, Inc COMMON 320867104 10,931,250 275,000 SH X 275,000
Golden West Financial COMMON 381317106 15,680,000 160,000 SH X 160,000
GelTex Pharmaceuticals, In COMMON 368538104 5,400,000 300,000 SH X 300,000
Huntington Bancshares COMMON 446150104 6,125,000 175,000 SH X 175,000
The Home Depot, Inc. COMMON 437076102 108,255,000 1,680,000 SH X 1,680,000
Huntingdon Life Sciences COMMON 445891203 1,014,813 624,500 SH X 624,500
IDEC Pharmaceuticals Corpo COMMON 449370105 30,054,375 390,000 SH X 390,000
Interim Services Inc. COMMON 45868P100 9,281,250 450,000 SH X 450,000
Kennametal Inc. COMMON 489170100 6,510,000 210,000 SH X 210,000
Lam Research Corporation COMMON 512807108 24,977,813 535,000 SH X 535,000
Magainin Pharmaceuticals I COMMON 559036108 768,750 300,000 SH X 300,000
Manugistics Group, Inc. COMMON 565011103 3,262,500 225,000 SH X 225,000
MetaCreations Corporation COMMON 591016100 1,725,000 300,000 SH X 300,000
Medtronic, Inc. COMMON 585055106 11,681,250 150,000 SH X 150,000
MedImmune, Inc. 7% Convert CONV C 584699AAO 15,894,380 2,300,000 PRN X 2,300,000
Philip Morris Companies In COMMON 718154107 10,046,875 250,000 SH X 250,000
Molex Incorporated Class A COMMON 608554200 17,718,750 562,500 SH X 562,500
M&T Bank Corporation COMMON 55261F104 24,750,000 45,000 SH X 45,000
Annaly Mortgage Management COMMON 035710409 6,187,500 550,000 SH X 550,000
NTL Incorporated COMMON 629407107 18,099,375 210,000 SH X 210,000
PairGain Technologies, Inc COMMON 695934109 575,000 50,000 SH X 50,000
pcOrder.com, Inc. COMMON 70453H107 1,870,313 45,000 SH X 45,000
PepsiCo, Inc. COMMON 713448108 7,737,500 200,000 SH X 200,000
Pfizer Inc. COMMON 717081103 32,155,000 295,000 SH X 295,000
PRI Automation, Inc. COMMON 69357H106 3,625,000 100,000 SH X 100,000
Ryder System, Inc. COMMON 783549108 8,368,750 325,000 SH X 325,000
Everest Reinsurance Holdin COMMON 299808105 13,050,000 400,000 SH X 400,000
Repsol, S.A. - ADR COMMON 76026T205 14,218,750 700,000 SH X 700,000
ReliaStar Financial Corp. COMMON 75952U103 9,187,500 210,000 SH X 210,000
Reuters Group plc-ADR COMMON 76132M102 7,619,875 94,000 SH X 94,000
Royce Value Trust COMMON 780910105 735,852 55,536 SH X 55,536
Seagate Technology, Inc. COMMON 811804103 11,018,750 430,000 SH X 430,000
Sun Trust Banks, Inc. COMMON 867914103 16,665,000 240,000 SH X 240,000
The ServiceMaster Company COMMON 81760N109 8,437,500 450,000 SH X 450,000
TCA Cable TV, Inc. COMMON 872241104 2,775,000 50,000 SH X 50,000
The TJX Companies, Inc. COMMON 872540109 2,998,125 90,000 SH X 90,000
TriQuint Semiconductor, In COMMON 89674K103 4,658,625 82,000 SH X 82,000
Transatlantic Holdings, In COMMON 893521104 14,987,500 200,000 SH X 200,000
Tri-Continental Corporatio COMMON 895436103 1,415,950 46,904 SH X 46,904
Waste Management, Inc. COMMON 94106L109 22,198,750 413,000 SH X 413,000
Wal-Mart Stores, Inc. COMMON 931142103 32,568,750 675,000 SH X 675,000
XL Capital Ltd. COMMON G98255105 8,581,785 151,890 SH X 151,890
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