Roulston & Company
FORM 13F
March 31, 1999
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Title Investment Discretion Voting Authority
of --------------------- ----------------
Security Class CUSIP Market Value Quantity Sole Share Other Managers Sole Share None
- ------------------------- ----- --------- ---------------- ---------- ---- ----- ----- -------- -------- ----- ----
COMMON STOCK
- ------------
ARMCO, INC. COM 042170100 1,212,325.00 273,200 x 273,200
AT&T Corporation COM 001957109 200,329.37 2,510 x 2,510
Abbott Laboratories COM 002824100 227,508.75 4,860 x 4,860
Abercrombie & Fitch Co. COM 002896207 1,319,175.00 14,300 x 14,300
Allied Signal Inc. COM 019512102 1,770,750.00 36,000 x 36,000
American International COM 026874107 20,062,048.44 166,317 x 166,317
Applied Industrial COM 03820c105 134,301.00 12,072 x 12,072
Applied Power Inc. Cl A COM 038225108 7,918,850.00 290,600 x 290,600
Banc One Corporation COM 06423a103 325,970.00 5,920 x 5,920
Bank of New York Inc. COM 064057102 8,533,359.37 237,450 x 237,450
Baxter Intl. Inc. COM 071813109 10,404,900.00 157,650 x 157,650
Bell South Corp COM 079860102 262,249.12 6,546 x 6,546
Boykin Lodging Company COM 103430104 945,600.00 78,800 x 78,800
Bristol Myers Squibb COM 110122108 220,590.00 3,440 x 3,440
Caraustar Industries Inc COM 140909102 2,083,800.00 90,600 x 90,600
Cardinal Health Inc. COM 14149y108 1,201,200.00 18,200 x 18,200
Carnival Corporation COM 143658102 30,937,614.75 637,068 x 637,068
Central Newspapers Inc. COM 154647101 6,329,268.75 203,350 x 203,350
Charter One Financial Inc COM 160903100 13,497,180.49 467,688 x 467,688
Claire's Stores Inc. COM 179584107 25,314,037.50 840,300 x 840,300
Computer Sciences Corp. COM 205363104 993,375.00 18,000 x 18,000
Dallas Semiconductor Corp COM 235204104 22,493,268.75 582,350 x 582,350
Debt Strategies Fund II COM 242901106 120,000.00 15,000 x 15,000
Emerald Financial Corp. COM 290927102 280,312.50 15,000 x 15,000
Emerson Electric Company COM 291011104 11,715,651.06 221,311 x 221,311
Ferro Corporation COM 315405100 6,898,443.75 278,725 x 278,725
Firstar Corporation COM 33763v109 2,357,430.00 26,340 x 26,340
Food Lion A COM 344775200 13,977,246.09 1,518,750 x 1,518,750
Freddie Mac COM 313400301 1,375,500.00 24,000 x 24,000
Galileo International COM 363547100 15,516,281.25 320,750 x 320,750
Gatx Corporation COM 361448103 18,628,132.50 565,560 x 565,560
General Cable Corp. COM 369300108 14,905,977.45 1,411,150 x 1,411,150
General Electric Company COM 369604103 28,108,816.87 254,091 x 254,091
General Motors COM 370442105 236,988.00 2,724 x 2,724
Gradall Industries Inc. COM 38411p107 611,000.00 47,000 x 47,000
Harris Corporation COM 413875105 8,249,524.62 288,193 x 288,193
Home Depot COM 437076102 224,535.75 3,607 x 3,607
Honeywell Incorporated COM 438506107 12,463,575.00 164,400 x 164,400
Household International COM 441815107 232,687.50 5,100 x 5,100
Ingersoll-Rand Company COM 456866102 13,912,368.75 280,350 x 280,350
Intermountain Res. Inc. COM 458842101 10,000.00 10,000 x 10,000
International Business COM 459200101 292,462.50 1,650 x 1,650
K-Mart Corporation COM 482584109 2,326,850.00 138,400 x 138,400
Keycorp COM 493267108 5,189,105.94 171,187 x 171,187
Leggett & Platt Inc COM 524660107 14,721,000.00 736,050 x 736,050
Lexmark International COM 529771107 1,342,500.00 12,000 x 12,000
Lowe's Companies, Inc. COM 548661107 16,810,530.00 277,860 x 277,860
M & T Bank Corporation COM 55261f104 4,806,765.00 10,035 x 10,035
MBNA Corp. COM 55262l100 890,871.75 37,314 x 37,314
MFS Government Markets COM 552939100 126,250.00 20,000 x 20,000
MIM Corporation COM 553044108 139,131.58 60,152 x 60,152
McCormack & Company Inc COM 579780206 16,508,250.00 569,250 x 569,250
Merck And Company Inc. COM 589331107 286,687.25 3,578 x 3,578
NCS Healthcare Inc. COM 628874109 1,041,600.00 86,800 x 86,800
National City Corporation COM 635405103 22,377,800.25 337,142 x 337,142
Oracle Corp Com COM 68389x105 1,260,725.00 47,800 x 47,800
Patterson Dental Company COM 703412106 4,169,300.00 96,400 x 96,400
Paychex Inc. COM 704326107 1,204,912.50 25,400 x 25,400
Pfizer Inc. COM 717081103 1,042,983.75 7,517 x 7,517
Pier 1 Imports COM 720279108 12,951,250.00 1,594,000 x 1,594,000
Pioneer-Standard COM 723877106 242,812.50 37,000 x 37,000
Procter & Gamble Company COM 742718109 1,503,536.50 15,352 x 15,352
Progressive Corporation COM 743315103 13,306,037.50 92,725 x 92,725
Richfood Holdings Inc. COM 763408101 15,578,906.25 722,500 x 722,500
Rite Aid Corporation COM 767754104 17,888,625.00 715,545 x 715,545
Russ Berrie & Co., Inc. COM 782233100 4,322,484.37 166,650 x 166,650
SBC Communications Inc COM 78387g103 240,939.37 5,106 x 5,106
Stericycle, Inc. COM 858912108 1,873,187.50 139,400 x 139,400
Stryker Corp COM 863667101 3,379,312.50 67,000 x 67,000
Teleflex Inc. COM 879369106 10,350,026.87 303,854 x 303,854
Templeton Global Income COM 880198106 100,312.50 15,000 x 15,000
The Limited COM 532716107 1,438,387.50 36,300 x 36,300
Tyco International LTD COM 902124106 1,724,511.25 24,035 x 24,035
U. S. Bancorp COM 902973106 18,092,841.87 531,166 x 531,166
Viad Corp. COM 92552r109 23,219,182.19 834,847 x 834,847
Wells Fargo & Co. COM 949746101 23,318,771.44 665,063 x 665,063
Worthington Foods Inc COM 981809106 617,663.62 54,300 x 54,300
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