RUANE CUNNIFF & CO INC
13F-HR, 1999-08-06
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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:  June 30, 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      08/06/1999
         _______________________ _____________________ _________
              [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:       207

Form 13F Information Table Value Total:       $8,565,388
                                              [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




































                                3



<PAGE>

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

                                                                 June 30, 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
A.G. Edwards Inc.              COM              281760108      322    10000 SH       SOLE                                      10000
AMS Realstar                   COM              001785104        0    10000 SH       SOLE                                      10000
AT&T                           COM              001957109      946    16945 SH       SOLE                      190             16755
AT&T Corp Liberty Media Grp Se COM              001957208      772    13502 SH       SOLE                                      13502
Abbott Laboratories            COM              002824100      264     5820 SH       SOLE                                       5820
Albertsons                     COM              013104104      484     9384 SH       SOLE                                       9384
Allied Signal                  COM              019512102      466     7400 SH       SOLE                                       7400
Allstate                       COM              020002101     1079    30068 SH       SOLE                     1112             28956
Allstate Financial VA          COM              020011102       37    17400 SH       SOLE                                      17400
American Bankers Insurance Gro COM              024456105     7330   134650 SH       SOLE                    55100             79550
American Express               COM              025816109    53410   410452 SH       SOLE                   111779            298673
American Home Prods            COM              026609107     1019    17756 SH       SOLE                                      17756
American Internat'l Group      COM              026874107    39955   340768 SH       SOLE                   117226            223542
Ameritech - New                COM              030954101      236     3208 SH       SOLE                      152              3056
Aon Corp.                      COM              037389103     7562   183323 SH       SOLE                    47887            135436
Aptargroup                     COM              038336103      277     9218 SH       SOLE                      600              8618
Arctic Cat Inc                 COM              039670104      875    97850 SH       SOLE                     4000             93850
Arnold Industries              COM              042595108      690    44671 SH       SOLE                                      44671
Arrow Electronics              COM              042735100      760    40000 SH       SOLE                                      40000
Associates First Capital Corp  COM              046008108     3712    84134 SH       SOLE                    17374             66760
Automatic Data Processing      COM              053015103      394     8944 SH       SOLE                                       8944
BB & T  Corp                   COM              054937107    14683   400216 SH       SOLE                    36818            363398
Bank One                       COM              059438101      845    14180 SH       SOLE                    11000              3180
Bank of America Corp           COM              060505104     6656    90794 SH       SOLE                    18132             72662
Bank of New York               COM              064057102      227     6200 SH       SOLE                                       6200
Bear Stearns Companies         COM              073902108     2259    48317 SH       SOLE                    17866             30451
Bell Atlantic                  COM              077853109      260     3978 SH       SOLE                      258              3720
Berkshire Hathaway - Cl A      COM              084670108  1808487    26248 SH       SOLE                     9763             16485
                                                           1400048    20320 SH       DEFINED                 20320
Berkshire Hathaway - Cl B      COM              084670207   110036    49123 SH       SOLE                    15705             33418
Bestfoods                      COM              08658u101      812    16400 SH       SOLE                                      16400
Bowater                        COM              102183100     2924    61718 SH       SOLE                     3753             57965
Bowl America - Class A         COM              102565108      106    15200 SH       SOLE                                      15200
Briggs & Stratton              COM              109043109      323     5600 SH       SOLE                     2400              3200
Bristol-Myers Squibb           COM              110122108      835    11850 SH       SOLE                      400             11450
Brown & Brown Inc.             COM              115236101    21278   559937 SH       SOLE                   149200            410737
CDI                            COM              125071100     1099    32260 SH       SOLE                                      32260
CFS Bancorp Inc                COM              12525d102      547    50000 SH       SOLE                                      50000
CNA Financial Corp.            COM              126117100      351     8700 SH       SOLE                      900              7800
CVS Corp.                      COM              585745102      345     6800 SH       SOLE                                       6800
California Center Bank Los Ang COM              13007A103      157    10216 SH       SOLE                                      10216
Capital Federal Financial      COM              14057c106     2766   265000 SH       SOLE                                     265000
Carlisle Companies             COM              142339100      404     8400 SH       SOLE                     8400
Central European Media Enterpr COM              g20045103      778   119625 SH       SOLE                                     119625
Chase Manhattan - New          COM              16161A108     1278    14776 SH       SOLE                     3744             11032
Cisco Systems Inc              COM              17275R102      714    11074 SH       SOLE                      500             10574
Citigroup Inc                  COM              172967101    19701   414767 SH       SOLE                    20993            393774
Clayton Homes Inc              COM              184190106      645    56351 SH       SOLE                                      56351
Clorox                         COM              189054109      327     3057 SH       SOLE                      209              2848
Coca Cola                      COM              191216100    17913   288921 SH       SOLE                   103957            184964
Comcast Corp. Special Cl A     COM              200300201     1338    34810 SH       SOLE                     4794             30016
Comerica                       COM              200340107     3202    53872 SH       SOLE                    15000             38872
Commerce Bancorp Inc/NJ        COM              200519106     1243    29085 SH       SOLE                                      29085
Community Federal Bancorp      COM              20364Q100      263    20201 SH       SOLE                                      20201
Consolidated Papers            COM              209759109      337    12600 SH       SOLE                                      12600
Corus Bankshares Inc.          COM              220873103     2802    88080 SH       SOLE                    10447             77633
Daimler-Chrysler AG            COM              d1668r123    12560   141124 SH       SOLE                    20883            120241
Danielson Hldg                 COM              236274106      462    80364 SH       SOLE                    33864             46500
Delphi Automotive Systems Corp COM              247126105     1453    78565 SH       SOLE                    16457             62108
Delphi Financial Group         COM              247131105     1522    42412 SH       SOLE                                      42412
Disney Walt                    COM              254687106    10595   343868 SH       SOLE                                     343868
Du Pont E I De Nemours & Co.   COM              263534109      861    12604 SH       SOLE                      304             12300
Duff & Phelps Credit Rating    COM              26432F109     1592    23800 SH       SOLE                                      23800
Dynatech Corp                  COM              268140100       86    25000 SH       SOLE                                      25000
EPL Technologies Inc           COM              268920204       63    16667 SH       SOLE                                      16667
Eagle USA Airfreight Inc.      COM              270018104     7036   165800 SH       SOLE                                     165800
Equifax                        COM              294429105      749    21000 SH       SOLE                                      21000
Exxon                          COM              302290101      884    11456 SH       SOLE                                      11456
Fannie Mae                     COM              313586109    20594   301739 SH       SOLE                    57648            244091
Fidelity Nat'l Financial       COM              316326107     2298   114900 SH       SOLE                                     114900
Fifth Third Bancorp            COM              316773100   594647  8933668 SH       SOLE                  3844864           5088803
                                                            399479  6001562 SH       DEFINED               6001562
First American Fin Corp Calif  COM              318522307     9393   525500 SH       SOLE                                     525500
First Bancorp of Ind Inc.      COM              m97592766      157    15000 SH       SOLE                                      15000
First Nat'l Bank Anchorage Ala COM              322387101     1609     1564 SH       SOLE                                       1564
First Security Corp            COM              336294103     3494   128222 SH       SOLE                                     128222
First Union Corp.              COM              337358105      409     8670 SH       SOLE                                       8670
Firstfed Bancorp               COM              33761Q102      332    40200 SH       SOLE                                      40200
Ford Motor                     COM              345370100    10268   181943 SH       SOLE                    33155            148788
Franklin Electric              COM              353514102    19418   298739 SH       SOLE                    67832            230907
Freddie Mac                    COM              313400301   637902 10998315 SH       SOLE                  4698075           6300240
                                                            737980 12723800 SH       DEFINED              12723800
G & K Services Inc. Cl A       COM              361268105     6701   127950 SH       SOLE                    54100             73850
GTE Corp.                      COM              362320103      336     4453 SH       SOLE                                       4453
Gannett Co.                    COM              364730101      829    11620 SH       SOLE                                      11620
General Electric               COM              369604103     5380    47607 SH       SOLE                      540             47067
General Motors                 COM              370442105     7327   111021 SH       SOLE                    23552             87469
Gillette                       COM              375766102    26605   648899 SH       SOLE                   181828            467071
Glaxo Hldgs PLC ADR            COM              37733W105      215     3800 SH       SOLE                                       3800
Grey Advertising - Class B     COM              397838103     2559     7685 SH       SOLE                                       7685
Gulf West Banks Inc            COM              402582100       86    10000 SH       SOLE                                      10000
Harley Davidson                COM              412822108   193900  3565986 SH       SOLE                  1734889           1831097
                                                            261647  4811900 SH       DEFINED               4811900
Hasbro                         COM              418056107     1003    35915 SH       SOLE                                      35915
Heartland Express              COM              422347104     3151   192431 SH       SOLE                     2955            189476
Heinz H J Co.                  COM              423074103      211     4200 SH       SOLE                     2250              1950
Herman Miller Inc.             COM              600544100     6852   326309 SH       SOLE                    52250            274059
Hershey Foods                  COM              427866108      689    11600 SH       SOLE                                      11600
Hollinger Internat'l Inc.      COM              435569108      984    82856 SH       SOLE                      500             82356
Home Depot                     COM              437076102    13706   212700 SH       SOLE                   118000             94700
Home Port Bancorp              COM              437304108     2315    96950 SH       SOLE                                      96950
Household International        COM              441815107    86293  1821498 SH       SOLE                   799141           1022357
                                                             84219  1777700 SH       DEFINED               1777700
Hub Group Inc. Cl A            COM              443320106     7454   332227 SH       SOLE                                     332227
IBM                            COM              459200101    10138    78434 SH       SOLE                     7808             70626
Intel Corp                     COM              458140100     2398    40302 SH       SOLE                      400             39902
International Speedway Corp Cl COM              460335300     2313    48180 SH       SOLE                                      48180
Interpublic Group              COM              460690100     5277    60919 SH       SOLE                                      60919
Johnson & Johnson              COM              478160104     1619    16525 SH       SOLE                      300             16225
Kimball Internat'l             COM              494274103      358    21200 SH       SOLE                                      21200
Leucadia Nat'l                 COM              527288104      274    10800 SH       SOLE                                      10800
Lilly Eli & Co.                COM              532457108      984    13740 SH       SOLE                     8660              5080
Liz Claiborne                  COM              539320101      266     7300 SH       SOLE                     1000              6300
Loews                          COM              540424108      243     3068 SH       SOLE                                       3068
Lucent Technologies Inc.       COM              549463107      216     3208 SH       SOLE                      164              3044
Lynch Corp.                    COM              551137102      341     4300 SH       SOLE                                       4300
M & F Worldwide Corp           COM              552541104     5001   630025 SH       SOLE                                     630025
MFS Intermediate               COM              55273C107      100    15500 SH       SOLE                                      15500
Management Assistance - Liquid COM              561671504        2    10000 SH       SOLE                                      10000
Manpower                       COM              56418H100     2868   126775 SH       SOLE                    25500            101275
Markel Corp                    COM              570535104      870     4650 SH       SOLE                      200              4450
McDonalds                      COM              580135101     3292    80044 SH       SOLE                      200             79844
Mellon Bank                    COM              585509102     2981    81948 SH       SOLE                                      81948
Mercantile Bancorporation      COM              587342106     1637    28650 SH       SOLE                                      28650
Mercantile Bankshares          COM              587405101     2244    63427 SH       SOLE                    23175             40252
                                                             11532   326000 SH       DEFINED                326000
Merck & Co.                    COM              589331107     1194    16214 SH       SOLE                      700             15514
Merrill Lynch & Co             COM              590188108     2687    33800 SH       SOLE                    18000             15800
Microsoft                      COM              594918104     2673    29636 SH       SOLE                     1700             27936
Millicom - Escrow              COM              600813794        0    55250 SH       SOLE                                      55250
Mocon Inc                      COM              607494101      123    21000 SH       SOLE                                      21000
Morgan J P & Co.               COM              616880100     1045     7435 SH       SOLE                      203              7232
Morgan Stanley Dean Witter Dis COM              617446448    15730   153276 SH       SOLE                    10700            142576
Nabisco Group Holdings         COM              62952p102      236    12080 SH       SOLE                    12000                80
Nacco Industries - Class A     COM              629579103     2668    36296 SH       SOLE                                      36296
Nat'l Commerce Bancorp         COM              635449101    78649  3595383 SH       SOLE                  1231670           2363713
                                                             25246  1154100 SH       DEFINED               1154100
Nat'l Presto Industries        COM              637215104      359     9378 SH       SOLE                      327              9051
New Horizons Worldwide Inc.    COM              645526104      272    13750 SH       SOLE                                      13750
Niagara Bancorp                COM              652914102      106    10000 SH       SOLE                                      10000
Northeast Bancorp - ESCROW     COM              664058989        0    27896 SH       SOLE                    10031             17865
Northern Trust Corp            COM              665859104      970    10000 SH       SOLE                                      10000
O'Sullivan Corp.               COM              688605104      825    67725 SH       SOLE                        1             67724
OPT Sciences                   COM              671003101       90    16300 SH       SOLE                                      16300
PNC Bank - Formerly PNC Financ COM              693475105      600    10416 SH       SOLE                                      10416
Penske Motorsports Inc         COM              709598106     6168   124300 SH       SOLE                                     124300
Penton Media Inc               COM              709668107      263    10845 SH       SOLE                      450             10395
PepsiCo                        COM              713448108      786    20322 SH       SOLE                      355             19967
Perini Corp                    COM              713839108     1665   292800 SH       SOLE                                     292800
Pfizer                         COM              717081103      870     7984 SH       SOLE                                       7984
Pharmacia & Upjohn Inc.        COM              716941109      295     5200 SH       SOLE                                       5200
Philip Morris                  COM              718154107    44876  1116670 SH       SOLE                   377608            739062
Pico Holdings Inc              COM              693366205     9363   369911 SH       SOLE                                     369911
Pittston Burlington Group      COM              725701882      124    13097 SH       SOLE                                      13097
Pittway - Class A              COM              725790208      759    22190 SH       SOLE                      900             21290
Polaris Industries Inc         COM              731068102     6773   155696 SH       SOLE                    36100            119596
Procter & Gamble               COM              742718109     2728    30570 SH       SOLE                                      30570
Progressive Corp.  Ohio        COM              743315103   633477  4368808 SH       SOLE                  1693206           2675602
                                                            555089  3828200 SH       DEFINED               3828200
Ralston-Ralston Purina Group   COM              751277302      388    12759 SH       SOLE                                      12759
Raytheon Co-Cl A               COM              755111309      223     3238 SH       SOLE                      135              3103
Robert Half Internat'l         COM              770323103     1053    40800 SH       SOLE                                      40800
Romac Int'l                    COM              775835101     2102   236891 SH       SOLE                                     236891
Royal Palm Beach Col           COM              780908208       11    14000 SH       SOLE                                      14000
Sara Lee                       COM              803111103     1570    69200 SH       SOLE                                      69200
Schlumberger Ltd               COM              806857108      248     3900 SH       SOLE                                       3900
Schwab Charles CP - New        COM              808513105     1853    17000 SH       SOLE                                      17000
Scripps Co <E.W> - New         COM              811054204      460     9680 SH       SOLE                                       9680
Sears Roebuck & Co.            COM              812387108      291     6540 SH       SOLE                      600              5940
Servicemaster Co.              COM              81760n109    25325  1350651 SH       SOLE                   430301            920350
Sonoco Products                COM              835495102      281     9389 SH       SOLE                                       9389
Southwest Gas Corp             COM              844895102      286    10000 SH       SOLE                                      10000
Stanley Works                  COM              854616109      370    11500 SH       SOLE                                      11500
State Street Corp              COM              857477103     1139    13340 SH       SOLE                                      13340
Sturm Ruger & Co.              COM              864159108     3285   307403 SH       SOLE                    24700            282703
                                                              3501   327600 SH       DEFINED                327600
Sunburst Hospitality           COM              866948102      180    29415 SH       SOLE                     1299             28116
Suntrust Banks                 COM              867914103     1290    18584 SH       SOLE                      400             18184
Sysco Corp                     COM              871829107      238     8000 SH       SOLE                                       8000
TCF Financial Corp.            COM              872275102     4181   150000 SH       SOLE                                     150000
Techne Corp                    COM              878377100     2086    82200 SH       SOLE                                      82200
Tokheim Corp.                  COM              889073102      287    25057 SH       SOLE                     1456             23601
Tyco Intl Ltd                  COM              902124106      332     3500 SH       SOLE                      300              3200
U.S. Bancorp New - Del.        COM              902973106   144331  4245022 SH       SOLE                  1745400           2499622
                                                            141851  4172100 SH       DEFINED               4172100
US Trust Corp. - New           COM              91288L105     1021    11150 SH       SOLE                     4200              6950
Unionbancal Corp               COM              908906100     1983    54900 SH       SOLE                                      54900
Unumprovident Corp.            COM              91529y106      718    13108 SH       SOLE                                      13108
Valspar Corp.                  COM              920355104     4883   128500 SH       SOLE                    34450             94050
Ventas Inc                     COM              92276f100      107    20000 SH       SOLE                                      20000
Virginia Capital Bancshares In COM              927758102      457    30000 SH       SOLE                                      30000
Vodafone Airtouch Public Ltd   COM              92857t107      365     1853 SH       SOLE                                       1853
Vornado Realty Trust           COM              929042109      603    17068 SH       SOLE                                      17068
Vulcan Materials               COM              929160109     1043    21624 SH       SOLE                    10800             10824
Wachovia Corp. - New           COM              929771103      239     2793 SH       SOLE                                       2793
Waddell & Reed Financial Inc c COM              930059209     3527   130628 SH       SOLE                                     130628
Wal-Mart Stores                COM              931142103      750    15534 SH       SOLE                                      15534
Walgreen                       COM              931422109      834    28400 SH       SOLE                                      28400
Wallace Computer Services      COM              932270101     4998   199925 SH       SOLE                    31500            168425
Washington Mutual Inc.         COM              939322103      230     6472 SH       SOLE                                       6472
Washington Post - Class B      COM              939640108     9576    17808 SH       SOLE                                      17808
Wells Fargo & Co. New          COM              949746101      389     9110 SH       SOLE                                       9110
Wesco Financial                COM              950817106     6938    22380 SH       SOLE                                      22380
World Acceptance Corp.         COM              981419104     1281   254700 SH       SOLE                                     254700
Worldcom Inc - GA              COM              55268b106      261     3033 SH       SOLE                                       3033
Wrigley (Wm), Jr.              COM              982526105     1469    16475 SH       SOLE                                      16475
</TABLE>


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