Roulston & Company
FORM 13F
June 30, 1999
<TABLE> <C> <C>
Title Investment Discretion Voting Authority
of --------------------- ------------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------- ----- --------- ---------------- ------------- ---- ----- ----- -------- ---------- ----- ----
COMMON STOCK
- ------------
ADC Telecommunications COM 000886101 432,843.75 9,500 x 9,500
ARMCO, INC. COM 042170100 1,677,450.00 253,200 x 253,200
AT&T Corporation COM 001957109 514,647.06 9,221 x 9,221
Abbott Laboratories COM 002824100 1,316,328.75 29,010 x 29,010
Abercrombie & Fitch Co. COM 002896207 1,747,200.00 36,400 x 36,400
Alaris Med Inc. COM 011637105 126,900.00 37,600 x 37,600
Allied Signal Inc. COM 019512102 2,365,650.00 37,550 x 37,550
American Express Co. COM 025816109 325,312.50 2,500 x 2,500
American International COM 026874107 17,222,911.12 146,890 x 146,890
Group
Ameritech Corporation COM 030954101 201,610.50 2,743 x 2,743
Applied Industrial COM 03820c105 229,368.00 12,072 x 12,072
Technologies, Inc.
Applied Power Inc. Cl A COM 038225108 8,031,240.62 294,050 x 294,050
Associates First Cap COM 026375105 472,843.50 10,716 x 10,716
Corp.
Banc One Corporation COM 06423a103 1,853,763.69 31,123 x 31,123
Bank of New York Inc. COM 064057102 8,304,215.62 226,350 x 226,350
Bard C R Inc COM 067383109 3,160,406.25 66,100 x 66,100
Baxter Intl. Inc. COM 071813109 10,939,781.25 180,450 x 180,450
Bell South Corp COM 079860102 274,259.25 5,946 x 5,946
Bristol Myers Squibb COM 110122108 242,305.00 3,440 x 3,440
Company
Caraustar Industries Inc COM 140909102 2,181,140.62 88,350 x 88,350
Cardinal Health Inc. COM 14149y108 2,423,925.00 37,800 x 37,800
Carnival Corporation COM 143658102 28,082,373.00 579,018 x 579,018
Celeritek Inc. Com COM 150926103 343,750.00 55,000 x 55,000
Centurytel Inc. COM 156700106 3,871,650.00 97,400 x 97,400
Charter One Financial Inc COM 160903100 13,342,710.34 479,738 x 479,738
Citigroup Inc. COM 172967101 1,358,381.25 28,597 x 28,597
Claire's Stores Inc. COM 179584107 17,896,250.00 695,000 x 695,000
Complete Business COM 20452f107 412,562.50 23,000 x 23,000
Solutions Inc.
Computer Sciences Corp. COM 205363104 1,380,290.62 19,950 x 19,950
Cooper Tire & Rubber COM 216831107 8,352,618.75 353,550 x 353,550
Corning Inc COM 219350105 771,375.00 11,000 x 11,000
Dallas Semiconductor Corp COM 235204104 26,202,225.00 516,300 x 516,300
Dean Foods Inc. COM 242361103 415,625.00 10,000 x 10,000
Emerald Financial Corp. COM 290927102 295,312.50 15,000 x 15,000
Emerson Electric Company COM 291011104 11,676,227.94 185,521 x 185,521
Ericsson L M Telephone COM 294821400 329,375.00 10,000 x 10,000
Company
Ferro Corporation COM 315405100 7,037,937.50 255,925 x 255,925
First Data Corporation COM 319963104 734,062.50 15,000 x 15,000
Firstar Corporation COM 33763v109 2,286,760.00 81,670 x 81,670
Food Lion A COM 344775200 15,917,843.75 1,340,450 x 1,340,450
Ford Mtr Co Del COM 345370100 1,154,146.87 20,450 x 20,450
Franklin Res Inc. COM 354613101 609,375.00 15,000 x 15,000
Freddie Mac COM 313400301 2,119,900.00 36,550 x 36,550
Galileo International COM 363547100 19,889,437.50 372,200 x 372,200
Gatx Corporation COM 361448103 20,609,321.25 541,460 x 541,460
General Cable Corp. COM 369300108 21,216,800.00 1,326,050 x 1,326,050
General Electric Company COM 369604103 26,004,577.00 230,129 x 230,129
Golden State Bancorp Inc. COM 381197102 337,500.00 15,000 x 15,000
HON Industries COM 438092108 17,375,318.75 595,300 x 595,300
Hibernia Corp. COM 428656102 313,750.00 20,000 x 20,000
Home Depot COM 437076102 232,426.06 3,607 x 3,607
Honeywell Incorporated COM 438506107 16,755,525.00 144,600 x 144,600
Household International COM 441815107 810,112.50 17,100 x 17,100
Corp
Ingersoll-Rand Company COM 456866102 16,427,675.00 254,200 x 254,200
Intermountain Res. Inc. COM 458842101 10,000.00 10,000 x 10,000
International Business COM 459200101 2,507,967.00 19,404 x 19,404
J.C. Penney, Inc. COM 708160106 485,625.00 10,000 x 10,000
Johnson And Johnson COM 478160104 331,240.00 3,380 x 3,380
K-Mart Corporation COM 482584109 1,273,800.00 77,200 x 77,200
Kensey Nash Corp. COM 490057106 80,000.00 10,000 x 10,000
Keycorp COM 493267108 4,743,481.12 147,657 x 147,657
Leggett & Platt Inc COM 524660107 17,745,765.62 638,050 x 638,050
Lexmark International COM 529771107 1,048,000.00 16,000 x 16,000
Group
Lowe's Companies, Inc. COM 548661107 14,743,965.25 260,092 x 260,092
M & T Bank Corporation COM 55261f104 4,826,250.00 8,775 x 8,775
MBNA Corp. COM 55262l100 1,306,585.00 42,664 x 42,664
MIM Corporation COM 553044108 146,650.58 60,152 x 60,152
Marsh & McLennan Cos COM 571748102 12,373,241.12 163,478 x 163,478
McCormick & Company Inc COM 579780206 16,508,765.62 523,050 x 523,050
Merck And Company Inc. COM 589331107 867,155.25 11,778 x 11,778
Microsoft Corp Com COM 594918104 692,640.00 7,680 x 7,680
Minnesota Mining & COM 604059105 201,521.12 2,318 x 2,318
Manufacturing
Mobil Corporation COM 607059102 553,000.00 5,600 x 5,600
Motorola, Inc. COM 620076109 284,250.00 3,000 x 3,000
National City Corporation COM 635405103 20,057,541.00 306,222 x 306,222
National Data Corp. COM 635621105 427,500.00 10,000 x 10,000
Nortel Networks Corp COM 656569100 972,300.00 11,200 x 11,200
Patterson Dental Company COM 703412106 3,016,300.00 86,800 x 86,800
Paychex Inc. COM 704326107 1,877,437.50 58,900 x 58,900
Pfizer Inc. COM 717081103 1,258,078.00 11,542 x 11,542
Philips Elect. Nv COM 500472204 201,750.00 2,000 x 2,000
Pier 1 Imports COM 720279108 16,515,000.00 1,468,000 x 1,468,000
Pioneer-Standard COM 723877106 444,000.00 37,000 x 37,000
Electronics
Procter & Gamble Company COM 742718109 1,512,966.00 16,952 x 16,952
Progressive Corporation COM 743315103 12,640,375.00 87,175 x 87,175
Reliant Energy Inc. COM 75952j108 884,000.00 32,000 x 32,000
Richfood Holdings Inc. COM 763408101 18,426,056.25 1,045,450 x 1,045,450
Rite Aid Corporation COM 767754104 16,651,301.87 676,195 x 676,195
Ross Stores Inc. COM 778296103 899,193.75 17,850 x 17,850
SBC Communications Inc COM 78387g103 512,720.00 8,840 x 8,840
Service Merchandise Inc. COM 817587108 105,000.00 280,000 x 280,000
Shared Med Sys Corp. COM 819486101 456,750.00 7,000 x 7,000
Stericycle, Inc. COM 858912108 518,087.50 38,200 x 38,200
Sterling Commerce Inc. COM 859205106 1,359,750.00 37,000 x 37,000
Stryker Corp COM 863667101 3,908,125.00 65,000 x 65,000
Teleflex Inc. COM 879369106 12,366,830.00 284,704 x 284,704
Tellabs Inc. COM 879664100 1,523,534.37 22,550 x 22,550
Texas Instruments Inc. COM 882508104 288,000.00 2,000 x 2,000
The Limited COM 532716107 1,567,434.00 34,544 x 34,544
Tyco International LTD COM 902124106 2,452,603.75 25,885 x 25,885
United Technologies Corp COM 913017109 207,504.00 2,882 x 2,882
Viad Corp. COM 92552r109 23,489,513.44 759,257 x 759,257
Vulcan Materials COM 929160109 241,250.00 5,000 x 5,000
Wells Fargo & Co. COM 949746101 26,030,603.25 608,903 x 608,903
Xerox Corp. COM 984121103 224,437.50 3,800 x 3,800
</TABLE>
