UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 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: NWQ INVESTMENT MANAGEMENT CO INC/MA
Address: 2049 Century Park East 4th Floor
Los Angeles, CA 90067
13F File Number: 28-______
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: MARY-GENE SLAVEN
Title: Managing-Director
Phone: 310-712-4002_
Signature, Place, and Date of Signing:
Mary-Gene Slaven Los Angeles __ 10/18/1999______
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:
Form 13F Information Table Entry Total: 186
Form 13F Information Table Value Total: $4,887,150
List of Other Included Managers:
No. 13F File Number Name
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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTORITY
NAME OF ISSUER TITLE OF CLASS CUSIP NO (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ----------- -------- -------- --------
AT&T CORP NEW LIBERTY MEDIA GROUP CL A 001957208 55576 1489465 SH DEFINED 990088 0 499377
ACTEL CORPORATION COM 004934105 1443 75931 SH DEFINED 56100 0 19831
AETNA INC COM 008117103 93772 1904004 SH DEFINED 808490 0 1095514
AIR PRODUCTS & CHEMICALS INC COM 009158106 51880 1773670 SH DEFINED 670995 0 1102675
ALBERTO-CULVER CO. CLASS A COM 013068200 6269 320475 SH DEFINED 175800 0 144675
ALEXANDRIA REAL EST EQUITIES COM 015271109 2562 87026 SH DEFINED 57575 0 29451
ALIGN-RITE INTERNATIONAL COM 016251100 1868 99321 SH DEFINED 70200 0 29121
ALLEGHENY TELEDYNE INC COM 017415100 2624 155500 SH DEFINED 137500 0 18000
ALLEN TELECOM INC COM 018091108 627 64300 SH DEFINED 56500 0 7800
ALLIED SIGNAL INC COM 019512102 753 12556 SH DEFINED 1700 0 10856
ALLSTATE CORPORATION COM 020002101 66281 2657901 SH DEFINED 1228949 0 1428952
ALLTEL CORP COM 020039103 21203 301292 SH DEFINED 186092 0 115200
AMERICAN EXPRESS CO COM 025816109 273 2022 SH DEFINED 0 0 2022
AMERICAN GREETINGS CORP CL A COM 026375105 13961 542191 SH DEFINED 447550 0 94641
AMERICAN INTL GROUP INC COM 026874107 45673 525357 SH DEFINED 262398 0 262959
ANHEUSER BUSCH COS INC COM 035229103 217 3100 SH SOLE 3100 0 0
ANTEC CORPORATION COM 03664P105 1289 24264 SH DEFINED 16550 0 7714
ASSISTED LIVING CONCEPTS INC. COM 04543L109 166 82850 SH DEFINED 68150 0 14700
ATCHISON CASTING CORP COM 046613105 396 43150 SH DEFINED 40350 0 2800
BJ SERVICES CO COM 055482103 46084 1448607 SH DEFINED 411764 0 1036843
BANK OF AMERICA CORP COM 060505104 96177 1727091 SH DEFINED 887667 0 839424
BANK OF NEW YORK COM 064057102 75529 2258822 SH DEFINED 758257 0 1500565
BANK ONE CORP (NEW) COM 06423A103 76514 2197895 SH DEFINED 1041320 0 1156575
BEAR STEARNS COMPANIES INC COM 073902108 70778 1841385 SH DEFINED 817791 0 1023594
BELDEN INC COM 077459105 1869 91190 SH DEFINED 61500 0 29690
BELL ATLANTIC CORP COM 077853109 10164 151004 SH DEFINED 2440 0 148564
BON-TON STORES COM 09776J101 905 228097 SH DEFINED 155600 0 72497
BORG WARNER AUTOMOTIVE INC COM 099724106 1790 41631 SH DEFINED 27995 0 13636
BOWATER INC COM 102183100 5498 104731 SH DEFINED 36700 0 68031
BURLINGTON NORTHERN SANTA FE COM 12189T104 13587 494068 SH DEFINED 15181 0 478887
BURLINGTON RESOURCES INC COM 122014103 992 27003 SH DEFINED 8800 0 18203
CIGNA CORP COM 125509109 93780 1206172 SH DEFINED 399496 0 806676
CAL DIVE INTL INC. COM 127914109 1549 45216 SH DEFINED 29400 0 15816
CASE CORP COM 14743R103 89134 1789385 SH DEFINED 785553 0 1003832
CATERPILLAR INC COM 149123101 526 9600 SH DEFINED 7200 0 2400
CAVANAUGHS HOSPITALITY CORP COM 149564106 840 119000 SH SOLE 119000 0 0
CHAMPION INTERNATIONAL CORP COM 158525105 221 4300 SH SOLE 4300 0 0
CHASE MANHATTAN CORP COM 16161A108 107372 1424507 SH DEFINED 676028 0 748479
CHEVRON CORP COM 166751107 240 2706 SH SOLE 2706 0 0
CITIGROUP INC COM 172967101 75476 1715364 SH DEFINED 594038 0 1121326
CLAIRE'S STORES INC COM 179584107 839 50674 SH DEFINED 29800 0 20874
COASTAL CORP COM 190441105 69409 1695487 SH DEFINED 627686 0 1067801
COFLEXIP-SPONSORED ADR COM 192384105 2117 44344 SH DEFINED 31200 0 13144
COLUMBIA/HCA HEALTHCARE CORP COM 197677107 68616 3238519 SH DEFINED 1185652 0 2052867
COMCAST CORP CL A SPL COM 200300200 239 6000 SH SOLE 6000 0 0
COMMERCIAL BANK OF NEW YORK COM 201462108 910 77448 SH DEFINED 54075 0 23373
COMPAQ COMPUTER CORP COM 204493100 270 11798 SH DEFINED 300 0 11498
CONOCO INC -CL B COM 208251405 30741 1122954 SH DEFINED 148899 0 974055
COUNTRYWIDE CREDIT COM 222372104 1342 41600 SH SOLE 41600 0 0
COX COMMUNICATIONS INC CL A COM 224044107 30475 729936 SH DEFINED 474500 0 255436
DARDEN RESTAURANTS INC COM 237194105 6061 309835 SH DEFINED 173600 0 136235
DEERE & CO COM 244199105 43465 1123492 SH DEFINED 461710 0 661782
DEL MONTE FOODS CO COM 24522P103 2172 153802 SH DEFINED 98950 0 54852
DELPHI AUTOMOTIVE SYSTEMS CORP COM 247126105 66090 4114547 SH DEFINED 1211011 0 2903536
DELTA AIR LINES, INC COM 247361108 120048 2475219 SH DEFINED 1180921 0 1294298
DIAMOND OFFSHORE DRILLING COM 25271C102 3125 93630 SH DEFINED 88255 0 5375
DONCASTERS PLC-SPONSORED ADR COM 257692103 1298 108178 SH DEFINED 66030 0 42148
DU PONT (E.I.) DE NEMOURS COM 263534109 13573 224339 SH DEFINED 80622 0 143717
EOG RESOURCES INC COM 26875P101 882 41500 SH SOLE 41500 0 0
EASTMAN KODAK COMPANY COM 277461109 283 3742 SH SOLE 3742 0 0
ELDER-BEERMAN STORES CORP COM 284470101 1040 163109 SH DEFINED 87500 0 75609
EMERITUS CORP COM 291005106 982 129800 SH SOLE 129800 0 0
EMERSON ELECTRIC COMPANY COM 291011104 64549 1021553 SH DEFINED 594862 0 426691
EXXON CORPORATION COM 302290101 897 11800 SH SOLE 11800 0 0
FPIC INSURANCE GROUP INC COM 302563101 2096 139181 SH DEFINED 91400 0 47781
FARM FAMILY HOLDINGS INC COM 307901108 2641 66855 SH DEFINED 44025 0 22830
FEDERAL NATL MTG ASSN COM 313586109 113741 1814412 SH DEFINED 856662 0 957750
FEDERATED DEPART STORES INC (NEW) 31410H101 74676 1709315 SH DEFINED 642411 0 1066904
FIRST SECURITY CORP/DEL COM 336294103 2908 122268 SH DEFINED 29500 0 92768
FIRST UNION CORP COM 337358105 105094 2950016 SH DEFINED 1504431 0 1445585
FLEET FINANCIAL GROUP COM 338915101 4388 119800 SH SOLE 119800 0 0
FORD MOTOR COMPANY COM 345370100 39435 784769 SH DEFINED 408100 0 376669
FORTUNE BRANDS, INC. COM 349631101 77514 2403523 SH DEFINED 1038931 0 1364592
FOSTER WHEELER CORP COM 350244109 279 23100 SH SOLE 23100 0 0
FRESENIUS MED CARE HLDGS INC SPEC DIV PFD S358030203 6 299929 SH DEFINED 272212 0 27717
GALILEO INTERNATIONAL INC COM 363547100 22784 566070 SH DEFINED 453100 0 112970
GAYLORD CONTAINER CORP CL A COM 368145108 2494 350034 SH DEFINED 239325 0 110709
GENERAL ELECTRIC COMPANY COM 369604103 3401 28685 SH DEFINED 23685 0 5000
GRAINGER W W INC COM 384802104 33793 703106 SH DEFINED 604417 0 98689
GRIFFON CORP COM 398433102 1913 239104 SH DEFINED 163875 0 75229
GROUP MAINTENANCE AMERICA CP COM 39943E107 1108 88670 SH DEFINED 57050 0 31620
HSB GROUP INC COM 40428N109 2013 57200 SH DEFINED 37060 0 20140
HALLIBURTON COMPANY COM 406216101 135615 3307683 SH DEFINED 1412040 0 1895643
HALTER MARINE GROUP INC COM 40642Y105 185 34033 SH SOLE 34033 0 0
HARTFORD FINL SERVICES GRP INC COM 416515104 77447 1894717 SH DEFINED 1145320 0 749397
HASBRO INC COM 418056107 22139 1029708 SH DEFINED 608300 0 421408
HAYES LEMMERZ INTL INC COM 420781106 8612 370419 SH DEFINED 201325 0 169094
HELLER FINANCIAL INC COM 423328103 21252 944514 SH DEFINED 675500 0 269014
HEWLETT-PACKARD COMPANY COM 428236103 98572 1086198 SH DEFINED 391111 0 695087
HONEYWELL INC COM 438506107 78416 704465 SH DEFINED 194368 0 510097
HOUSEHOLD INTL INC COM 441815107 1942 48400 SH DEFINED 33400 0 15000
IMC GLOBAL INC COM 449669100 23269 1597900 SH DEFINED 442085 0 1155815
IMCO RECYCLING COM 449681105 1042 69485 SH DEFINED 39550 0 29935
INDYMAC MORTGATE HLDGS INC COM 456607100 16120 1074659 SH DEFINED 767700 0 306959
INGERSOLL RAND CO COM 456866102 96501 1756555 SH DEFINED 652056 0 1104499
INTERNATIONAL BUSINESS MACHINE COM 459200101 290 2400 SH SOLE 2400 0 0
INTERNATIONAL PAPER COM 460146103 1448 30132 SH DEFINED 5088 0 25044
INTL SPECIALTY PROD COM 460337108 2469 248500 SH DEFINED 163350 0 85150
JOHNSON & JOHNSON COM 478160104 466 5072 SH SOLE 5072 0 0
KENNAMETAL INC COM 489170100 16498 637622 SH DEFINED 550900 0 86722
LANCE INCORPORATED COM 514606102 1466 112236 SH DEFINED 71298 0 40938
LEAR CORPORATION COM 521865105 14451 410699 SH DEFINED 216500 0 194199
LILLY ELI & COMPANY COM 532457108 380 5920 SH SOLE 5920 0 0
LOCKHEED MARTIN CORP. COM 539830109 50412 1542242 SH DEFINED 606593 0 935649
LOEWS CORP DEL COM 540424108 129242 1841379 SH DEFINED 843983 0 997396
LYONDELL CHEMICAL COMPANY COM 552078107 16151 1207530 SH DEFINED 875300 0 332230
MGIC INVESTMENT CORP COM 552848103 15695 328700 SH DEFINED 291900 0 36800
MANDALAY RESORT GROUP COM 562567107 11301 572181 SH DEFINED 290800 0 281381
MAYTAG CORP COM 578592107 12804 384351 SH DEFINED 339944 0 44407
MEDIAONE GROUP INC COM 58440J104 198621 2907542 SH DEFINED 1396016 0 1511526
MERCK & COMPANY INCORPORATED COM 589331107 233 3600 SH SOLE 3600 0 0
MERIDIAN RESOURCE GROUP COM 58977Q109 293 61764 SH DEFINED 51764 0 10000
MIDCOAST RESOURCES TX NEVADA COM 59563W104 1173 59379 SH DEFINED 34700 0 24679
MINNESOTA MINING & MFG CO COM 604059105 262 2732 SH DEFINED 0 0 2732
MOBIL CORPORATION COM 607059102 502 4978 SH SOLE 4978 0 0
NTL INC COM 629407107 48114 500700 SH DEFINED 344125 0 156575
NABISCO GROUP HOLDINGS COM 62952P102 46290 3086002 SH DEFINED 1868105 0 1217897
NATIONAL CITY CORP CLEVELAND COM 635405103 3105 116362 SH DEFINED 103178 0 13184
NOBLE AFFILIATES INC COM 654894104 16696 575738 SH DEFINED 408200 0 167538
NOBLE DRILLING CORP COM 655042109 26938 1231467 SH DEFINED 1095833 0 135634
NORTHERN TRUST CORP COM 665859104 501 6000 SH SOLE 6000 0 0
OCEAN ENERGY INC (NEW) COM 67481E106 28368 2784637 SH DEFINED 2183471 0 601166
OLD NATIONAL BANCORP COM 680033107 242 8388 SH SOLE 8388 0 0
PENNEY J C COMPANY COM 708160106 53596 1553502 SH DEFINED 417880 0 1135622
PETROLEUM GEO SERVICES COM 716597109 286 15000 SH SOLE 15000 0 0
PHARMACIA & UPJOHN INC. COM 716941109 23143 466352 SH DEFINED 280200 0 186152
PFIZER INC COM 717081103 1098 30600 SH SOLE 30600 0 0
PHILADELPHIA CONS HLDG CO COM 717528103 1089 80653 SH DEFINED 51850 0 28803
PHILIP MORRIS COMPANIES INC COM 718154107 126130 3689356 SH DEFINED 1691506 0 1997850
PRAXAIR INC. COM 74005P104 112638 2448658 SH DEFINED 1117170 0 1331488
QUAKER FABRIC CORP COM 747399103 1058 241790 SH DEFINED 159525 0 82265
QUANTUM CORP DLT & STORAGE S747906204 16644 1183577 SH DEFINED 876900 0 306677
QUANTUM CORP HARD DISK DRIV747906303 14382 1933713 SH DEFINED 1368350 0 565363
R&B FALCON CORP COM 74912E101 249 19000 SH SOLE 19000 0 0
RAYONIER INC COM 754907103 2029 48308 SH DEFINED 31255 0 17053
RJ REYNOLDS TOBACCO HOLDINGS COM 76182K105 10965 406115 SH DEFINED 293752 0 112362
RITCHIE BROS. AUCTIONEERS COM 767744105 917 24132 SH DEFINED 16450 0 7682
ROHM & HAAS CO COM 775371107 9514 263365 SH DEFINED 226994 0 36371
SBC COMMUNICATIONS INC COM 78387G103 2971 58178 SH DEFINED 39678 0 18500
S & P 500 DEPOSITARY RECEIPT COM 78462F103 5674 44067 SH SOLE 44067 0 0
SAKS INC. COM 79377W108 6846 450776 SH DEFINED 304800 0 145976
SCHERING PLOUGH CORP COM 806605101 397 9092 SH SOLE 9092 0 0
SCHLUMBERGER LIMITED COM 806857108 444 7120 SH DEFINED 3420 0 3700
SCRIPPS E W CO (NEW) COM 811054204 29126 592900 SH DEFINED 458300 0 134600
SEALED AIR CORP (NEW) COM 81211K100 225 4391 SH DEFINED 3748 0 643
SHAW GROUP INC COM 820280105 953 42458 SH DEFINED 26100 0 16358
STOLT COMEX SEAWAY ADR CL A COM 861567105 116 10650 SH SOLE 10650 0 0
TELEPHONE & DATA SYS INC COM 879433100 45127 508110 SH DEFINED 329800 0 178310
TENNECO INC. COM 88037E101 4204 247300 SH DEFINED 230100 0 17200
TEXAS INSTRUMENTS INCORPORATED COM 882508104 212394 2582296 SH DEFINED 1098276 0 1484020
TEXTRON INC COM 883203101 52209 674751 SH DEFINED 402366 0 272385
THOMAS & BETTS CORP COM 884315102 17361 340409 SH DEFINED 278359 0 62050
TIME WARNER INC. COM 887315109 93739 1543032 SH DEFINED 577452 0 965580
TITAN EXPLORATION INC. COM 888289105 607 122943 SH DEFINED 70700 0 52243
TITAN INTERNATIONAL INC COM 88830M102 1554 151620 SH DEFINED 100900 0 50720
TORCHMARK CORP COM 891027104 19809 765566 SH DEFINED 535400 0 230166
TOSCO CORP COM NEW COM 891490302 22028 872390 SH DEFINED 588000 0 284390
TRAVELERS PROP CASUALTY CL A COM 893939108 12710 430847 SH DEFINED 340468 0 90379
TROPICAL SPORTSWEAR INTL. COM 89708P102 2639 141698 SH DEFINED 95125 0 46573
U S BANCORP DEL COM 902973106 315 10434 SH SOLE 10434 0 0
UNILEVER NV NY SHS NEW COM 904784709 25047 367663 SH DEFINED 118360 0 249303
UNICOM CORP COM 904911104 273 7400 SH SOLE 7400 0 0
UNION PACIFIC RESOURCE GROUP COM 907834105 40959 2520584 SH DEFINED 58179 0 2462405
UNIONBANCAL CORPORATION COM 908906100 10458 288500 SH DEFINED 276800 0 11700
UNITED STATIONERS INC COM 913004107 1855 87029 SH DEFINED 56475 0 30554
UNITED TECHNOLOGIES CORP COM 913017109 22854 385319 SH DEFINED 344371 0 40947
UNUMPROVIDENT CORP COM 91529Y106 25572 868680 SH DEFINED 685773 0 182906
VINTAGE PETROLEUM, INC COM 927460105 135 10000 SH DEFINED 9300 0 700
WACKENHUT CORP - CL B COM 929794303 1508 100528 SH DEFINED 64400 0 36128
WADDELL & REED FINANCIAL COM 930059100 9546 430247 SH DEFINED 410452 0 19795
WADDELL & REED FINL INC CL B COM 930059209 414 19391 SH DEFINED 17261 0 2130
WALGREEN CO COM 931422109 522 20560 SH SOLE 20560 0 0
WASTE MANAGEMENT INC COM 94106L109 53399 2773965 SH DEFINED 1412639 0 1361326
WAUSAU-MOSINEE PAPER CORP COM 943315101 1420 117129 SH DEFINED 73000 0 44129
WEATHERFORD INTERNATIONAL COM 947074100 30862 964430 SH DEFINED 901170 0 63260
WEIDER NUTRITION INTL INC COM 948603105 392 122975 SH DEFINED 106975 0 16000
WELLPOINT HEALTH NETWORKS COM 94973H108 268 4700 SH SOLE 4700 0 0
WELLS FARGO & CO (NEW) COM 949746101 170875 4312304 SH DEFINED 1851336 0 2460968
WEYERHAEUSER COMPANY COM 962166104 1015 17612 SH DEFINED 412 0 17200
WHITNEY HOLDING CO COM 966612103 1460 42467 SH DEFINED 26350 0 16117
XEROX CORP COM 984121103 81144 1934871 SH DEFINED 671567 0 1263304
YORK INTL CORP NEW COM 986670107 23785 661833 SH DEFINED 480567 0 181266
CORECOMM LIMITED ORD COM G2422R109 46740 1419041 SH DEFINED 983300 0 435741
TRANSOCEAN OFFSHORE INC CAYMAN COM G90076103 34551 1128191 SH DEFINED 654351 0 473840
STOLT COMEX SEAWAY COM L8873E103 2118 187221 SH DEFINED 119975 0 67246
NEW HOLLAND N.V. COM N62648105 13704 856491 SH DEFINED 641500 0 214991
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