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: Stephens Inc.
Address: 111 Center Street
Little Rock, AR 72201
13F File Number: 28-2738
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.
Persons Signing this Report on Behalf of Reporting Manager:
Name: Phillip A. Shellabarger
Title: Senior Vice President, Compliance
Phone: (501) 377-2225
Signature, Place, and Date of Signing:
Phillip Shellabarger Little Rock, Arkansas May 14, 1999
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
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: 71
Form 13F Information Table Value Total: $6,509
List of Other Included Managers:
No. 13F File Number Name
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FORM 13F INFORMATION TABLE
TITLE OF VALUE PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) SHARES SH CALL DSCRETN MANAGERS SOLE SHARED NONE
- ----------------------------------------------------------------------------------------------------------------------------
A T & T CORP COM 001957109 430 5389 SH DEFINED 0 5389 0
ABBOTT LABORATORIES INC COM 002824100 105 2250 SH DEFINED 0 2250 0
ALLTEL CORPORATION COM 020039103 378 6064 SH DEFINED 0 6064 0
AMERICAN CLASSIC VOYAGES CO COM 024928103 163 10000 SH DEFINED 0 10000 0
AMERICAN HOME PRODUCTS CORP COM 026609107 1393 21350 SH DEFINED 0 21350 0
ANADARKO PETE CORP COM 032511107 23 600 SH DEFINED 0 600 0
ANHEUSER BUSCH COS INC COM 035229103 449 5900 SH DEFINED 0 5900 0
ANIXTER INTL COM 035290105 225 18884 SH DEFINED 0 18884 0
BANKAMERICA CORP COM 06605F102 1966 27843 SH DEFINED 0 27843 0
BESTFOODS INC. COM 08658U101 893 19000 SH DEFINED 0 19000 0
BOEING CO COM 097023105 377 11100 SH DEFINED 0 11100 0
BRISTOL-MYERS SQUIBB COMPANY COM 110122108 321 5004 SH DEFINED 0 5004 0
CNB BANCSHARES INC COM 126126101 263 6529 SH DEFINED 0 6529 0
CISCO SYSTEMS COM 17275R102 142 1300 SH DEFINED 0 1300 0
CITIGROUP INC COM 172967101 441 6900 SH DEFINED 0 6900 0
THE COCA-COLA COMPANY COM 191216100 205 3340 SH DEFINED 0 3340 0
COMPAQ COMPUTER CORP COM 204493100 166 5250 SH DEFINED 0 5250 0
DELTA & PINE LAND CO COM 247357106 554 18020 SH DEFINED 0 18020 0
DILLARD INC CLASS A COM 254067101 223 8805 SH DEFINED 0 8805 0
DOLE FOOD COMPANY INC. COM 256605106 732 24400 SH DEFINED 0 24400 0
E I DU PONT DE NEMOURS & CO COM 263534109 550 9464 SH DEFINED 0 9464 0
DUKE ENERGY COMPANY COM 264399106 453 8270 SH DEFINED 0 8270 0
ENRON CORPORATION COM 293561106 395 6150 SH DEFINED 0 6150 0
EQUIFAX INC. COM 294429105 1848 53750 SH DEFINED 0 53750 0
EXXON CORPORATION COM 302290101 85 1200 SH DEFINED 0 1200 0
FAIRFIELD COMMUNITIES INC COM 304231301 195 21800 SH DEFINED 0 21800 0
FDX CORP COM 31304N107 19 200 SH DEFINED 0 200 0
FEDERAL NATIONAL MORTGAGE COM 313586109 66 960 SH DEFINED 0 960 0
FEDERATED DEPT STORES INC COM 31410H101 602 15000 SH DEFINED 0 15000 0
FIRST DATA CORP COM 319963104 1631 38150 SH DEFINED 0 38150 0
FIRST UNION CORPORATION COM 337358105 1771 33150 SH DEFINED 0 33150 0
FOAMEX INTL INC. COM 344123104 1 200 SH DEFINED 0 200 0
FORD MOTOR COMPANY COM 345370100 170 3000 SH DEFINED 0 3000 0
G T E CORPORATION COM 362320103 2464 40733 SH DEFINED 0 40733 0
GAP INC COM 364760108 242 3600 SH DEFINED 0 3600 0
GENERAL ELECTRIC COMPANY COM 369604103 249 2250 SH DEFINED 0 2250 0
GILLETTE CO COM 375766102 131 2200 SH DEFINED 0 2200 0
HALLIBURTON COMPANY COM 406216101 556 14450 SH DEFINED 0 14450 0
H J HEINZ COMPANY COM 423074103 19 400 SH DEFINED 0 400 0
INTEL CORPORATION COM 458140100 160 1350 SH DEFINED 0 1350 0
INTERNATIONAL BUSINESS MACHINES COM 459200101 7 40 SH DEFINED 0 40 0
JOHNSON AND JOHNSON COM 478160104 28 300 SH DEFINED 0 300 0
KIMBERLY-CLARK CORPORATION COM 494368103 1441 30050 SH DEFINED 0 30050 0
LUCENT TECHNOLOGIES INC. COM 549463107 11 100 SH DEFINED 0 100 0
MCI WORLDCOM INC. COM 55268B106 163 1835 SH DEFINED 0 1835 0
MATTEL INC. COM 577081102 2335 93650 SH DEFINED 0 93650 0
MELLON BANK COM 585509102 2059 29260 SH DEFINED 0 29260 0
MERCK & COMPANY INCORPORATED COM 589331107 115 1440 SH DEFINED 0 1440 0
MERRILL LYNCH & CO. COM 590188108 553 6250 SH DEFINED 0 6250 0
FRED MEYER INC COM 592907109 256 4193 SH DEFINED 0 4193 0
MICROSOFT CORP. COM 594918104 121 1350 SH DEFINED 0 1350 0
NABISCO HOLDINGS CORP CLASS A COM 629526104 1041 25050 SH DEFINED 0 25050 0
ORION CAPITAL CORPORATION COM 686268103 3 82 SH DEFINED 0 82 0
PEPSICO INCORPORATED COM 713448108 1967 50200 SH DEFINED 0 50200 0
PFIZER INCORPORATED COM 717081103 122 880 SH DEFINED 0 880 0
PHARMERICA INC COM 717135107 5 910 SH DEFINED 0 910 0
PHILIP MORRIS COMPANIES INC COM 718154107 811 23050 SH DEFINED 0 23050 0
PRISON REALTY TRUST COM 74264N105 1190 68220 SH DEFINED 0 68220 0
PROCTER & GAMBLE COMPANY COM 742718109 29 300 SH DEFINED 0 300 0
RFS HOTEL INVESTORS INC COM 74955J108 178 15400 SH DEFINED 0 15400 0
REGIONS FINANCIAL CORP COM 758940100 601 17349 SH DEFINED 0 17349 0
SBC COMMUNICATIONS, INC. COM 78387G103 90 1908 SH DEFINED 0 1908 0
SCHERING-PLOUGH CORPORATION COM 806605101 291 5271 SH DEFINED 0 5271 0
AMEX ENERGY SELECT INDX FUND COM 81369Y506 303 12300 SH DEFINED 0 12300 0
SERVICE CORP INTERNATIONAL COM 817565104 453 31800 SH DEFINED 0 31800 0
STEWART ENTERPRISES INC COM 860370105 1815 113000 SH DEFINED 0 113000 0
TEXACO INCORPORATED COM 881694103 2185 38500 SH DEFINED 0 38500 0
TYSON FOODS INC CLASS A COM 902494103 1291 62400 SH DEFINED 0 62400 0
WADDELL & REED CLASS B COM 930059209 19 979 SH DEFINED 0 979 0
WAL-MART STORES INC. COM 931142103 1113 12069 SH DEFINED 0 12069 0
DAIMLERCHRYSLER COM D1668R123 86 997 SH DEFINED 0 997 0
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