RUANE CUNNIFF & CO INC
13F-HR, 1999-05-12
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<PAGE>

                          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:    Ruane, Cunniff & Co., Inc.
Address: 767 Fifth Avenue
         New York, New York 10153
         

Form 13F File Number: 28-154

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 on Behalf of Reporting Manager:

Name:    Mr. Joseph Quinones, Jr.
Title:   Chief Financial Officer
Phone:   (212) 832-5280

Signature, Place, and Date of Signing:

         /s/ Joseph Quinones, Jr.    New York, NY        5/11/99
         _______________________ _____________________ _________
              [Signature]           [City, State]        [Date]

Report Type (Check only one.):

[ X]     13F HOLDINGS REPORT.  (Check here if all holdings of
         this reporting manager are reported in this report.)

[  ]     13F NOTICE.  (Check her if no holdings reported are in
         this report, and all holdings are reported by other



<PAGE>

         reporting manger(s).)

[  ]     13F COMBINATION REPORT.  (Check here if a portion of the
         holdings for this reporting manager are reported in this
         report and a portion are reported by other reporting
         manager(s).)

List of Other Managers Reporting for this Manager:  NONE













































                                2



<PAGE>

                      Form 13F SUMMARY PAGE

Report Summary:


Number of Other Included Managers:            None

Form 13F Information Table Entry Total:       200

Form 13F Information Table Value Total:       $8,794,023
                                              [thousands]

CONFIDENTIAL TREATMENT REQUESTED: the information for which
Ruane, Cunniff & Co., Inc. is requesting confidential treatment
has been omitted and filed separately with the Commission.

List of Other Included Managers:              NONE




































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<PAGE>

<TABLE>
                                                         Ruane, Cunniff & Co., Inc.

                                                               March 31, 1999

                                                                  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 DSCRETN   MANAGERS     SOLE    SHARED    NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- ------

<S>                            <C>              <C>        <C>       <C>    <C> <C>  <C>     <C>            <C>      <C>    <C>
21st Century Technologies Inc  COM              90130c107        1    10000 SH       SOLE                                   10000
AMS Realstar                   COM              001785104        0    10000 SH       SOLE                                   10000
AT&T                           COM              001957109      902    11298 SH       SOLE                   127             11171
AT&T Corp Liberty Media Grp Se COM              001957208      386     6751 SH       SOLE                                    6751
Abbott Laboratories            COM              002824100      277     5920 SH       SOLE                                    5920
Air Express Internat'l Corp.   COM              009104100      188    12400 SH       SOLE                                   12400
Airtouch Communications        COM              00949T100      358     3706 SH       SOLE                                    3706
Albertsons                     COM              013104104      588    10834 SH       SOLE                                   10834
Allied Signal                  COM              019512102      364     7400 SH       SOLE                                    7400
Allstate                       COM              020002101     1114    30068 SH       SOLE                  1112             28956
Allstate Financial VA          COM              020011102       74    17400 SH       SOLE                                   17400
American Bankers Insurance Gro COM              024456105     7111   136750 SH       SOLE                 55100             81650
American Express               COM              025816109    45931   390902 SH       SOLE                113025            277877
American General               COM              026351106      215     3054 SH       SOLE                                    3054
American Home Prods            COM              026609107     1351    20706 SH       SOLE                                   20706
American Internat'l Group      COM              026874107    41109   340801 SH       SOLE                118486            222315
Aon Corp.                      COM              037389103    13170   208220 SH       SOLE                 55925            152295
Aon Corp.                      COM              037389103     7154   113100 SH       DEFINED             113100                  
Aptargroup                     COM              038336103      240     9218 SH       SOLE                   600              8618
Arctic Cat Inc                 COM              039670104      973    97960 SH       SOLE                  4000             93960
Arnold Industries              COM              042595108      667    44871 SH       SOLE                                   44871
Arrow Electronics              COM              042735100      600    40000 SH       SOLE                                   40000
Associates First Capital Corp  COM              046008108     3835    85226 SH       SOLE                 17374             67852
Atlantic Richfield             COM              048825103      205     2810 SH       SOLE                                    2810
Automatic Data Processing      COM              053015103      370     8944 SH       SOLE                                    8944
BB & T  Corp                   COM              054937107    14519   401216 SH       SOLE                 36818            364398
Bank One                       COM              059438101      862    15654 SH       SOLE                 11000              4654
Bank of America Corp           COM              060505104     6418    90869 SH       SOLE                 18132             72737
Bank of New York               COM              064057102      223     6200 SH       SOLE                                    6200
Bear Stearns Companies         COM              073902108     2159    48317 SH       SOLE                 17866             30451
Bell Atlantic                  COM              077853109      237     4578 SH       SOLE                   258              4320
Berkshire Hathaway - Cl A      COM              084670108  1867253    26152 SH       SOLE                  9806             16346
Berkshire Hathaway - Cl A      COM              084670108  1485620    20807 SH       DEFINED              20807                  
Berkshire Hathaway - Cl B      COM              084670207   112742    47955 SH       SOLE                 15726             32229
Bestfoods                      COM              08658u101      771    16400 SH       SOLE                                   16400
Bowater                        COM              102183100     2446    61718 SH       SOLE                  3753             57965
Bowl America - Class A         COM              102565108       99    15200 SH       SOLE                                   15200
Briggs & Stratton              COM              109043109      276     5600 SH       SOLE                  2400              3200
Bristol-Myers Squibb           COM              110122108     1392    21650 SH       SOLE                   400             21250


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<PAGE>

Brown & Brown Inc.             COM              115236101    18600   560437 SH       SOLE                149200            411237
CDI                            COM              125071100      776    32260 SH       SOLE                                   32260
CFS Bancorp Inc                COM              12525d102      525    50000 SH       SOLE                                   50000
CNA Financial Corp.            COM              126117100      338     8700 SH       SOLE                   900              7800
CVS Corp.                      COM              585745102      323     6800 SH       SOLE                                    6800
Carlisle Companies             COM              142339100      393     8400 SH       SOLE                  8400                 
Central European Media Enterpr COM              g20045103     1540   119625 SH       SOLE                                  119625
Chase Manhattan - New          COM              16161A108     1179    14576 SH       SOLE                  3544             11032
Cisco Systems Inc              COM              17275R102      579     5287 SH       SOLE                                    5287
Citigroup Inc                  COM              172967101    19369   303240 SH       SOLE                 34506            268734
Clayton Homes Inc              COM              184190106      534    48251 SH       SOLE                                   48251
Clorox                         COM              189054109      358     3057 SH       SOLE                   209              2848
Coca Cola                      COM              191216100    17794   289921 SH       SOLE                105450            184471
Colgate Palmolive              COM              194162103      224     2432 SH       SOLE                                    2432
Comcast Corp. Special Cl A     COM              200300201     1095    17400 SH       SOLE                  2397             15003
Comerica                       COM              200340107     3365    53899 SH       SOLE                 15000             38899
Community Federal Bancorp      COM              20364Q100      250    20201 SH       SOLE                                   20201
Consolidated Papers            COM              209759109      296    12600 SH       SOLE                                   12600
Corus Bankshares Inc.          COM              220873103     2871    89380 SH       SOLE                 11100             78280
Daimler-Chrysler AG            COM              d1668r123    11950   139254 SH       SOLE                 20883            118371
Danielson Hldg                 COM              236274106      231    80364 SH       SOLE                 33864             46500
Delphi Financial Group         COM              247131105     1409    41592 SH       SOLE                                   41592
Disney Walt                    COM              254687106    10984   352888 SH       SOLE                                  352888
Du Pont E I De Nemours & Co.   COM              263534109      778    13404 SH       SOLE                   304             13100
Duff & Phelps Credit Rating    COM              26432F109     1247    23800 SH       SOLE                                   23800
Dynatech Corp                  COM              268140100       86    25000 SH       SOLE                                   25000
EPL Technologies Inc           COM              268920204       70    16667 SH       SOLE                                   16667
Eagle USA Airfreight Inc.      COM              270018104    15434   474900 SH       SOLE                 50300            424600
Equifax                        COM              294429105      722    21000 SH       SOLE                                   21000
Exxon                          COM              302290101      880    12472 SH       SOLE                                   12472
Fannie Mae                     COM              313586109    21297   307539 SH       SOLE                 57648            249891
Fifth Third Bancorp            COM              316773100   589094  8934132 SH       SOLE               3862154           5071978
Fifth Third Bancorp            COM              316773100   405216  6145462 SH       DEFINED            6145462                  
First Nat'l Bank Anchorage Ala COM              322387101     1627     1564 SH       SOLE                                    1564
First Union Corp.              COM              337358105      463     8670 SH       SOLE                                    8670
Firstfed Bancorp               COM              33761Q102      372    40200 SH       SOLE                                   40200
Ford Motor                     COM              345370100    10461   184343 SH       SOLE                 33155            151188
Franklin Electric              COM              353514102    20031   308164 SH       SOLE                 78325            229839
Freddie Mac                    COM              313400301   629111 11012876 SH       SOLE               4722138           6290738
Freddie Mac                    COM              313400301   744287 13029100 SH       DEFINED           13029100                  
G & K Services Inc. Cl A       COM              361268105     5937   128550 SH       SOLE                 54100             74450
GTE Corp.                      COM              362320103      269     4453 SH       SOLE                                    4453
Gannett Co.                    COM              364730101      732    11620 SH       SOLE                                   11620
General Electric               COM              369604103     5997    54207 SH       SOLE                   140             54067
General Motors                 COM              370442105     9775   112521 SH       SOLE                 23552             88969
Gillette                       COM              375766102    38635   650004 SH       SOLE                183694            466310
Glaxo Hldgs PLC ADR            COM              37733W105      301     4500 SH       SOLE                                    4500
Grey Advertising - Class B     COM              397838103     2667     7685 SH       SOLE                                    7685
Harley Davidson                COM              412822108   206478  3590924 SH       SOLE               1756120           1834804
Harley Davidson                COM              412822108   283325  4927400 SH       SOLE               4927400                  
Hasbro                         COM              418056107     1055    36452 SH       SOLE                                   36452


                                5



<PAGE>

Heartland Express              COM              422347104     2923   192431 SH       SOLE                  3255            189176
Herman Miller Inc.             COM              600544100     5955   326309 SH       SOLE                 52250            274059
Hershey Foods                  COM              427866108      650    11600 SH       SOLE                                   11600
Hollinger Internat'l Inc.      COM              435569108     1343    99010 SH       SOLE                   500             98510
Home Depot                     COM              437076102    13365   214700 SH       SOLE                118000             96700
Home Port Bancorp              COM              437304108     2169    96950 SH       SOLE                                   96950
Household International        COM              441815107    83211  1823798 SH       SOLE                804340           1019458
Household International        COM              441815107    83051  1820300 SH       DEFINED            1820300                  
Hub Group Inc. Cl A            COM              443320106     7856   330790 SH       SOLE                                  330790
IBM                            COM              459200101     6951    39217 SH       SOLE                  3904             35313
Intel Corp                     COM              458140100     3346    28151 SH       SOLE                   200             27951
Intercargo Corp                COM              45844C108      335    29000 SH       SOLE                                   29000
Interim Services               COM              45868P100    42662  2844160 SH       SOLE                185250           2658910
International Speedway Corp Cl COM              460335300     2541    48180 SH       SOLE                                   48180
Interpublic Group              COM              460690100     4744    60919 SH       SOLE                                   60919
Johnson & Johnson              COM              478160104     2026    21625 SH       SOLE                                   21625
Kimball Internat'l             COM              494274103      315    21200 SH       SOLE                                   21200
Leucadia Nat'l                 COM              527288104      327    10800 SH       SOLE                                   10800
Lilly Eli & Co.                COM              532457108     1166    13740 SH       SOLE                  8660              5080
Liz Claiborne                  COM              539320101      238     7300 SH       SOLE                  1000              6300
Loews                          COM              540424108      229     3068 SH       SOLE                                    3068
Lynch Corp.                    COM              551137102      303     4300 SH       SOLE                                    4300
M & F Worldwide Corp           COM              552541104     3360   480025 SH       SOLE                                  480025
MFS Intermediate               COM              55273C107      103    15500 SH       SOLE                                   15500
Management Assistance - Liquid COM              561671504        2    10000 SH       SOLE                                   10000
Manpower                       COM              56418H100     3007   128640 SH       SOLE                 25500            103140
Markel Corp                    COM              570535104      838     4650 SH       SOLE                   200              4450
McDonalds                      COM              580135101     3627    80044 SH       SOLE                   200             79844
Mellon Bank                    COM              585509102     2884    40974 SH       SOLE                                   40974
Mercantile Bancorporation      COM              587342106     1361    28650 SH       SOLE                                   28650
Mercantile Bankshares          COM              587405101     2347    63427 SH       SOLE                 23175             40252
Mercantile Bankshares          COM              587405101    12351   333800 SH       DEFINED             333800                  
Merck & Co.                    COM              589331107     1316    16414 SH       SOLE                   700             15714
Merrill Lynch & Co             COM              590188108     2989    33800 SH       SOLE                 18000             15800
Microsoft                      COM              594918104     3086    34436 SH       SOLE                  1700             32736
Millicom - Escrow              COM              600813794        0    55250 SH       SOLE                                   55250
Mobil                          COM              607059102      220     2500 SH       SOLE                                    2500
Modern Controls                COM              607556107       94    21000 SH       SOLE                                   21000
Morgan J P & Co.               COM              616880100     1041     8435 SH       SOLE                   203              8232
Morgan Stanley Dean Witter Dis COM              617446448    15571   155808 SH       SOLE                 10700            145108
Nacco Industries - Class A     COM              629579103     2274    30702 SH       SOLE                                   30702
Nat'l Commerce Bancorp         COM              635449101    82207  3603583 SH       SOLE               1247732           2355851
Nat'l Commerce Bancorp         COM              635449101    26960  1181800 SH       DEFINED            1181800                  
Nat'l Presto Industries        COM              637215104      332     9378 SH       SOLE                   327              9051
New Horizons Worldwide Inc.    COM              645526104      219    11000 SH       SOLE                                   11000
Niagara Bancorp                COM              652914102      100    10000 SH       SOLE                                   10000
Norrell Corp-GA                COM              656301108      261    20000 SH       SOLE                                   20000
Northeast Bancorp - ESCROW     COM              664058989        0    27896 SH       SOLE                 10031             17865
Northern Trust Corp            COM              665859104      888    10000 SH       SOLE                                   10000
O'Sullivan Corp.               COM              688605104      559    67725 SH       SOLE                     1             67724
OPT Sciences                   COM              671003101       98    16300 SH       SOLE                                   16300


                                6



<PAGE>

PNC Bank - Formerly PNC Financ COM              693475105      590    10616 SH       SOLE                                   10616
Penton Media Inc               COM              709668107      244    10845 SH       SOLE                   450             10395
PepsiCo                        COM              713448108      961    24522 SH       SOLE                   355             24167
Perini Corp                    COM              713839108     1281   292800 SH       SOLE                                  292800
Pfizer                         COM              717081103     1108     7984 SH       SOLE                                    7984
Pharmacia & Upjohn Inc.        COM              716941109      323     5200 SH       SOLE                                    5200
Philip Morris                  COM              718154107    40208  1142688 SH       SOLE                386900            755788
Pico Holdings Inc              COM              693366205     6843   369911 SH       SOLE                                  369911
Pittston Burlington Group      COM              725701882       91    13097 SH       SOLE                                   13097
Pittway - Class A              COM              725790208      588    22190 SH       SOLE                   900             21290
Polaris Industries Inc         COM              731068102     5033   158525 SH       SOLE                 36100            122425
Procter & Gamble               COM              742718109     3528    36020 SH       SOLE                                   36020
Progressive Corp.  Ohio        COM              743315103   635183  4426365 SH       SOLE               1711717           2714648
Progressive Corp.  Ohio        COM              743315103   562520  3920000 SH       DEFINED            3920000                  
RJR Nabisco Holdings           COM              74960K876      302    12080 SH       SOLE                 12000                80
Ralston-Ralston Purina Group   COM              751277302      341    12759 SH       SOLE                                   12759
Robert Half Internat'l         COM              770323103     4446   135500 SH       SOLE                                  135500
Romac Int'l                    COM              775835101     2694   316891 SH       SOLE                                  316891
Royal Palm Beach Col           COM              780908208       11    14000 SH       SOLE                                   14000
Sara Lee                       COM              803111103     1713    69200 SH       SOLE                                   69200
Schlumberger Ltd               COM              806857108      355     5900 SH       SOLE                                    5900
Schwab Charles CP - New        COM              808513105     1826    19000 SH       SOLE                                   19000
Scripps Co <E.W> - New         COM              811054204      790    17850 SH       SOLE                  2070             15780
Sears Roebuck & Co.            COM              812387108      296     6540 SH       SOLE                   600              5940
Servicemaster Co.              COM              81760n109    27807  1368979 SH       SOLE                444549            924430
Solectron                      COM              834182107      238     4900 SH       SOLE                                    4900
Sonoco Products                COM              835495102      216     9389 SH       SOLE                                    9389
Stanley Works                  COM              854616109      295    11500 SH       SOLE                                   11500
State Street Corp              COM              857477103     1096    13340 SH       SOLE                                   13340
Sturm Ruger & Co.              COM              864159108     3172   317203 SH       SOLE                 26100            291103
Sturm Ruger & Co.              COM              864159108     3355   335500 SH       DEFINED             335500                  
Sunburst Hospitality           COM              866948102      110    29415 SH       SOLE                  1299             28116
Suntrust Banks                 COM              867914103     1157    18584 SH       SOLE                   400             18184
Swisher Int'l Group Cl A       COM              870809100     3463   387500 SH       SOLE                                  387500
Sysco Corp                     COM              871829107      210     8000 SH       SOLE                                    8000
TCF Financial Corp.            COM              872275102     3900   150000 SH       SOLE                                  150000
Tokheim Corp.                  COM              889073102      201    25557 SH       SOLE                  1456             24101
Tyco Intl Ltd                  COM              902124106      251     3500 SH       SOLE                   300              3200
U.S. Bancorp New - Del.        COM              902973106   145554  4273146 SH       SOLE               1767273           2505873
U.S. Bancorp New - Del.        COM              902973106   145525  4272300 SH       DEFINED            4272300                  
US Trust Corp. - New           COM              91288L105      827    11150 SH       SOLE                  4200              6950
Unionbancal Corp               COM              908906100     5246   154000 SH       SOLE                                  154000
Unum Corp.                     COM              903192102      690    14508 SH       SOLE                                   14508
Valspar Corp.                  COM              920355104     4191   132800 SH       SOLE                 34450             98350
Virginia Capital Bancshares In COM              927758102      379    30000 SH       SOLE                                   30000
Vornado Realty Trust           COM              929042109      589    17068 SH       SOLE                                   17068
Vulcan Materials               COM              929160109      893    21624 SH       SOLE                 10800             10824
Wachovia Corp. - New           COM              929771103      227     2793 SH       SOLE                                    2793
Waddell & Reed Financial Inc c COM              930059209     1078    51328 SH       SOLE                                   51328
Wal-Mart Stores                COM              931142103      716     7767 SH       SOLE                                    7767
Walgreen                       COM              931422109      802    28400 SH       SOLE                                   28400


                                7



<PAGE>

Wallace Computer Services      COM              932270101     4140   208941 SH       SOLE                 41500            167441
Warner-Lambert                 COM              934488107      735    11100 SH       SOLE                                   11100
Washington Mutual Inc.         COM              939322103      265     6472 SH       SOLE                                    6472
Washington Post - Class B      COM              939640108     9287    17808 SH       SOLE                                   17808
Wells Fargo & Co. New          COM              949746101     1511    43100 SH       SOLE                                   43100
Wesco Financial                COM              950817106     5239    15500 SH       SOLE                                   15500
World Acceptance Corp.         COM              981419104     1369   254700 SH       SOLE                                  254700
Worldcom Inc - GA              COM              55268b106      269     3033 SH       SOLE                                    3033
Wrigley (Wm), Jr.              COM              982526105     1490    16475 SH       SOLE                                   16475
</TABLE>











































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