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: 28-1458
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: J. Warren Simpson
Title: Executive Vice President
Phone: (501) 377-2538
Signature, Place, and Date of Signing:
Warren Simpson 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: 75
Form 13F Information Table Value Total: $222,555
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 239 3000 SH DEFINED
0 3000 0
ABBOTT LABORATORIES INC COM 002824100 200 4268 SH DEFINED
0 4268 0
ACXIOM CORP COM 005125109 4016 151540 SH DEFINED
0 151540 0
ADVANCED ENVIRONMENTAL COM 007947104 15 16000 SH DEFINED
0 16000 0
ALLTEL CORPORATION COM 020039103 1075 17235 SH DEFINED
0 17235 0
AMERICAN GENERAL CORPORATION COM 026351106 16465 233542 SH DEFINED
0 233542 0
AMERICAN HOME PRODUCTS CORP COM 026609107 533 8175 SH DEFINED
0 8175 0
ANADARKO PETE CORP COM 032511107 4367 115675 SH DEFINED
0 115675 0
ANHEUSER BUSCH COS INC COM 035229103 81 1065 SH DEFINED
0 1065 0
ARCHER-DANIELS-MIDLAND COMPANY COM 039483102 2420 164743 SH DEFINED
0 164743 0
AVNET INCORPORATED COM 053807103 2417 65781 SH DEFINED
0 65781 0
BALDOR ELECTRIC COMPANY COM 057741100 1652 82081 SH DEFINED
0 82081 0
BANKAMERICA CORP COM 06605F102 17324 245301 SH DEFINED
0 245301 0
BANKERS TRUST CORP COM 066365107 4679 53016 SH DEFINED
0 53016 0
BEST BUY INC COM 086516101 1040 20000 SH DEFINED
0 20000 0
BLOUNT INTERNATIONAL INC. COM 095177101 6903 239053 SH DEFINED
0 239053 0
BOEING CO COM 097023105 1 42 SH DEFINED
0 42 0
BRISTOL-MYERS SQUIBB COMPANY COM 110122108 298 4650 SH DEFINED
0 4650 0
CHUBB CORPORATION COM 171232101 9947 169844 SH DEFINED
0 169844 0
CISCO SYSTEMS COM 17275R102 1033 9432 SH DEFINED
0 9432 0
CITIGROUP INC COM 172967101 355 5550 SH DEFINED
0 5550 0
THE COCA-COLA COMPANY COM 191216100 163 2655 SH DEFINED
0 2655 0
COMPAQ COMPUTER CORP COM 204493100 66 2080 SH DEFINED
0 2080 0
DELTA & PINE LAND CO COM 247357106 6081 197765 SH DEFINED
0 197765 0
DIAL CORP COM 25247D101 6571 191145 SH DEFINED
0 191145 0
DOW JONES & COMPANY COM 260561105 793 16800 SH DEFINED
0 16800 0
E I DU PONT DE NEMOURS & CO COM 263534109 174 3000 SH DEFINED
0 3000 0
DUKE ENERGY COMPANY COM 264399106 5 100 SH DEFINED
0 100 0
ENRON OIL AND GAS CO COM 293562104 663 39880 SH DEFINED
0 39880 0
EXXON CORPORATION COM 302290101 704 9980 SH DEFINED
0 9980 0
FAIRFIELD COMMUNITIES INC COM 304231301 4189 468686 SH DEFINED
0 468686 0
FDX CORP COM 31304N107 214 2300 SH DEFINED
0 2300 0
FEDERAL NATIONAL MORTGAGE COM 313586109 222 3200 SH DEFINED
0 3200 0
FIRST UNITED BANKSHARES COM 33741E104 236 17000 SH DEFINED
0 17000 0
FOAMEX INTL INC. COM 344123104 3167 562961 SH DEFINED
0 562961 0
FORD MOTOR COMPANY COM 345370100 284 5014 SH DEFINED
0 5014 0
FORTUNE BRANDS INC COM 349631101 4702 122142 SH DEFINED
0 122142 0
GALLAHER GROUP PLC-ADR SPON ADR 363595109 1328 56509 SH DEFINED
0 56509 0
GENERAL ELECTRIC COMPANY COM 369604103 84 755 SH DEFINED
0 755 0
GERBER SCIENTIFIC INCORPORATED COM 373730100 995 49290 SH DEFINED
0 49290 0
GILLETTE CO COM 375766102 218 3664 SH DEFINED
0 3664 0
H J HEINZ COMPANY COM 423074103 6574 138771 SH DEFINED
0 138771 0
HIGHLANDS INSURANCE GROUP COM 431032101 2646 250455 SH DEFINED
0 250455 0
HOUSEHOLD INTERNATIONAL INC. COM 441815107 6091 133510 SH DEFINED
0 133510 0
INTEL CORPORATION COM 458140100 380 3200 SH DEFINED
0 3200 0
INTERNATIONAL BUSINESS MACHINES COM 459200101 15821 89260 SH DEFINED
0 89260 0
JOHNSON AND JOHNSON COM 478160104 659 7050 SH DEFINED
0 7050 0
LUCENT TECHNOLOGIES INC. COM 549463107 911 8431 SH DEFINED
0 8431 0
MCI WORLDCOM INC. COM 55268B106 36231 409094 SH DEFINED
0 409094 0
MEDTRONIC INCORPORATED COM 585055106 230 3200 SH DEFINED
0 3200 0
MELLON BANK COM 585509102 32 450 SH DEFINED
0 450 0
MERCK & COMPANY INCORPORATED COM 589331107 7097 88570 SH DEFINED
0 88570 0
MERRILL LYNCH & CO. COM 590188108 13 150 SH DEFINED
0 150 0
MICROSOFT CORP. COM 594918104 233 2600 SH DEFINED
0 2600 0
MOBIL CORPORATION COM 607059102 4115 46762 SH DEFINED
0 46762 0
NABISCO HOLDINGS CORP CLASS A COM 629526104 42 1000 SH DEFINED
0 1000 0
ORION CAPITAL CORPORATION COM 686268103 10782 345038 SH DEFINED
0 345038 0
PFIZER INCORPORATED COM 717081103 356 2565 SH DEFINED
0 2565 0
PHARMERICA INC COM 717135107 1055 211092 SH DEFINED
0 211092 0
PHILIP MORRIS COMPANIES INC COM 718154107 32 900 SH DEFINED
0 900 0
POWER-ONE INC COM 739308104 93 13750 SH DEFINED
0 13750 0
PRISON REALTY TRUST COM 74264N105 37 2142 SH DEFINED
0 2142 0
PROCTER & GAMBLE COMPANY COM 742718109 788 8048 SH DEFINED
0 8048 0
REGIONS FINANCIAL CORP COM 758940100 411 11859 SH DEFINED
0 11859 0
SBC COMMUNICATIONS, INC. COM 78387G103 6516 138096 SH DEFINED
0 138096 0
SCHERING-PLOUGH CORPORATION COM 806605101 55 1000 SH DEFINED
0 1000 0
STEWART ENTERPRISES INC COM 860370105 6393 397989 SH DEFINED
0 397989 0
TEXACO INCORPORATED COM 881694103 81 1430 SH DEFINED
0 1430 0
TYSON FOODS INC CLASS A COM 902494103 6 300 SH DEFINED
0 300 0
USA TRUCK INC COM 902925106 1245 122173 SH DEFINED
0 122173 0
UNITED AUTO GROUP COM 909440109 1609 207600 SH DEFINED
0 207600 0
VIAD CORP COM 92552R109 4839 173995 SH DEFINED
0 173995 0
WADDELL & REED CLASS B COM 930059209 205 10337 SH DEFINED
0 10337 0
WAL-MART STORES INC. COM 931142103 908 9845 SH DEFINED
0 9845 0
DAIMLERCHRYSLER COM D1668R123 150 1745 SH DEFINED
0 1745 0
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