UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 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: NWQ INVESTMENT MANAGEMENT CO INC/MA
Address: 2049 Century Park East 4th Floor
Los Angeles, CA 90067
13F File Number: 28-03739_
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 __ 01/18/2000______
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: 184
Form 13F Information Table Value Total: $4,714,458
List of Other Included Managers:
No. 13F File Number Name
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<TABLE> <C> <C> <C> <C> <C> <C>
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ----------- -------- -------- --------
AMR CORP COM 001765106 644 9605 SH DEFINED 600 0 9005
AT&T CORP NEW LIBERTY MEDIA GROUP CL A 001957208 84971 1495641 SH DEFINED 1018988 0 476653
ACTEL CORPORATION COM 004934105 1808 75349 SH DEFINED 52450 0 22899
AETNA INC COM 008117103 97494 1746808 SH DEFINED 747935 0 998873
AGILENT TECHNOLOGIES INC COM 00846U101 124797 1614187 SH DEFINED 546100 0 1068087
AIR PRODUCTS & CHEMICALS INC COM 009158106 54745 1631142 SH DEFINED 569714 0 1061428
ALBERTO-CULVER CO. CLASS A COM 013068200 17481 803729 SH DEFINED 565400 0 238329
ALEXANDRIA REAL EST EQUITIES COM 015271109 2493 78379 SH DEFINED 49225 0 29154
ALIGN-RITE INTERNATIONAL COM 016251100 1072 48887 SH DEFINED 31550 0 17337
ALLSTATE CORPORATION COM 020002101 56322 2340634 SH DEFINED 1030801 0 1309833
ALLTEL CORP COM 020039103 28837 348745 SH DEFINED 213334 0 135411
AMERICAN EXPRESS CO COM 025816109 347 2086 SH DEFINED 0 0 2086
AMERICAN INTL GROUP INC COM 026874107 44822 414542 SH DEFINED 172131 0 242411
ANHEUSER BUSCH COS INC COM 035229103 220 3100 SH SOLE 3100 0 0
APPLIED POWER INC. CL A COM 038225108 7277 198000 SH DEFINED 190000 0 8000
ASSISTED LIVING CONCEPTS INC. COM 04543L109 176 82850 SH DEFINED 68150 0 14700
ATCHISON CASTING CORP COM 046613105 747 81826 SH DEFINED 56050 0 25776
BJ SERVICES CO COM 055482103 58001 1387179 SH DEFINED 427560 0 959619
BAKER HUGHES INC COM 057224107 935 44400 SH DEFINED 1800 0 42600
BANK OF AMERICA CORP COM 060505104 85844 1710469 SH DEFINED 853432 0 857037
BANK OF NEW YORK COM 064057102 73726 1843157 SH DEFINED 488414 0 1354743
BANK ONE CORP (NEW) COM 06423A103 20461 639403 SH DEFINED 476474 0 162929
BEAR STEARNS COMPANIES INC COM 073902108 74030 1731698 SH DEFINED 753723 0 977975
BELDEN INC COM 077459105 1921 91468 SH DEFINED 61500 0 29968
BELL ATLANTIC CORP COM 077853109 56184 912629 SH DEFINED 227715 0 684914
BELLSOUTH CORP COM 079860102 364 7780 SH SOLE 7780 0 0
BON-TON STORES COM 09776J101 735 199233 SH DEFINED 128100 0 71133
BORG WARNER AUTOMOTIVE INC COM 099724106 1317 32516 SH DEFINED 19395 0 13121
BOWATER INC COM 102183100 11844 218078 SH DEFINED 132200 0 85878
BURLINGTON NORTHERN SANTA FE COM 12189T104 10143 418268 SH DEFINED 0 0 418268
BURLINGTON RESOURCES INC COM 122014103 285 8632 SH DEFINED 6500 0 2132
CIGNA CORP COM 125509109 58913 731266 SH DEFINED 321590 0 409676
CVS CORP COM 126650100 347 8700 SH SOLE 8700 0 0
CAL DIVE INTL INC. COM 127914109 1505 45438 SH DEFINED 29400 0 16038
CATERPILLAR INC COM 149123101 452 9600 SH DEFINED 7200 0 2400
CHAMPION INTERNATIONAL CORP COM 158525105 229 3700 SH SOLE 3700 0 0
CHASE MANHATTAN CORP COM 16161A108 101663 1308614 SH DEFINED 608689 0 699925
CHEVRON CORP COM 166751107 234 2706 SH SOLE 2706 0 0
CITIGROUP INC COM 172967101 81951 1471626 SH DEFINED 445568 0 1026058
CLAIRE'S STORES INC COM 179584107 2410 107729 SH DEFINED 69500 0 38229
COASTAL CORP COM 190441105 54051 1525256 SH DEFINED 517822 0 1007434
COFLEXIP-SPONSORED ADR COM 192384105 2012 52955 SH DEFINED 38700 0 14255
COLUMBIA/HCA HEALTHCARE CORP COM 197677107 82884 2827592 SH DEFINED 972235 0 1855357
COMCAST CORP CL A SPL COM 200300200 303 6000 SH SOLE 6000 0 0
COMMERCIAL BANK OF NEW YORK COM 201462108 720 64738 SH DEFINED 43075 0 21663
COMPAQ COMPUTER CORP COM 204493100 420 15516 SH DEFINED 0 0 15516
CONOCO INC -CL B COM 208251405 67202 2701584 SH DEFINED 890631 0 1810953
COUNTRYWIDE CREDIT COM 222372104 9647 382055 SH DEFINED 207700 0 174355
COX COMMUNICATIONS INC CL A COM 224044107 36787 714317 SH DEFINED 473500 0 240817
DARDEN RESTAURANTS INC COM 237194105 6277 346323 SH DEFINED 214400 0 131923
DEERE & CO COM 244199105 41295 952046 SH DEFINED 349816 0 602230
DEL MONTE FOODS CO COM 24522P103 2175 176612 SH DEFINED 112950 0 63662
DELPHI AUTOMOTIVE SYSTEMS CORP COM 247126105 68506 4349574 SH DEFINED 1581947 0 2767627
DELTA AIR LINES, INC COM 247361108 114191 2292424 SH DEFINED 1068019 0 1224405
DIAMOND OFFSHORE DRILLING COM 25271C102 2056 67260 SH DEFINED 61885 0 5375
DILLARDS INC-CL A COM 254067101 17837 883591 SH DEFINED 647100 0 236491
DONCASTERS PLC-SPONSORED ADR COM 257692103 891 98955 SH DEFINED 54530 0 44425
EASTMAN KODAK COMPANY COM 277461109 239 3611 SH SOLE 3611 0 0
ELDER-BEERMAN STORES CORP COM 284470101 708 138108 SH DEFINED 70500 0 67608
EMERSON ELECTRIC COMPANY COM 291011104 46933 817997 SH DEFINED 410211 0 407786
EXXON MOBIL CORP (NEW) COM 30231G102 1480 18371 SH SOLE 18371 0 0
FPIC INSURANCE GROUP INC COM 302563101 2348 140678 SH DEFINED 94900 0 45778
FARM FAMILY HOLDINGS INC COM 307901108 2550 60361 SH DEFINED 38250 0 22111
FEDERAL NATL MTG ASSN COM 313586109 100872 1615560 SH DEFINED 725250 0 890310
FEDERATED DEPART STORES INC (NEW) 31410H101 78442 1551392 SH DEFINED 541259 0 1010133
FIRST SECURITY CORP/DEL COM 336294103 296 11600 SH SOLE 11600 0 0
FIRST UNION CORP COM 337358105 82870 2515963 SH DEFINED 1283530 0 1232433
FLEET BOSTON FINL CORP COM 339030108 3980 114321 SH DEFINED 109200 0 5121
FLORIDA PROGRESS CORP COM 341109106 1362 32199 SH DEFINED 31700 0 499
FORD MOTOR COMPANY COM 345370100 58876 1104365 SH DEFINED 538400 0 565965
FORTUNE BRANDS, INC. COM 349631101 72969 2206992 SH DEFINED 897165 0 1309827
FRESENIUS MED CARE HLDGS INC SPEC DIV PFD S358030203 2 241601 SH DEFINED 213884 0 27717
GALILEO INTERNATIONAL INC COM 363547100 1248 41700 SH SOLE 41700 0 0
GAYLORD CONTAINER CORP CL A COM 368145108 2388 350478 SH DEFINED 239325 0 111153
GENERAL ELECTRIC COMPANY COM 369604103 3648 23575 SH DEFINED 18535 0 5040
GEORGIA-PACIFIC CORPORATION COM 373298108 1492 29394 SH DEFINED 4500 0 24894
GRAINGER W W INC COM 384802104 2599 54360 SH DEFINED 51960 0 2400
GRIFFON CORP COM 398433102 1866 238863 SH DEFINED 166475 0 72388
GROUP MAINTENANCE AMERICA CP COM 39943E107 850 79527 SH DEFINED 47050 0 32477
HSB GROUP INC COM 40428N109 1625 48048 SH DEFINED 29360 0 18688
HALLIBURTON COMPANY COM 406216101 116710 2899622 SH DEFINED 1140838 0 1758784
HARTFORD FINL SERVICES GRP INC COM 416515104 91605 1933618 SH DEFINED 1084040 0 849578
HASBRO INC COM 418056107 20174 1065299 SH DEFINED 749300 0 315999
HAYES LEMMERZ INTL INC COM 420781106 857 49146 SH DEFINED 30200 0 18946
HELLER FINANCIAL INC COM 423328103 26027 1297310 SH DEFINED 929000 0 368310
HEWLETT-PACKARD COMPANY COM 428236103 113772 1000194 SH DEFINED 362044 0 638150
HONEYWELL INTERNATIONAL INC COM 438516106 68443 1186451 SH DEFINED 314912 0 871539
HOUSEHOLD INTL INC COM 441815107 1140 30600 SH DEFINED 15600 0 15000
IMC GLOBAL INC COM 449669100 6520 398163 SH DEFINED 231100 0 167063
IMCO RECYCLING COM 449681105 802 63562 SH DEFINED 35350 0 28212
INDYMAC MORTGAGE HLDGS INC COM 456607100 16511 1295009 SH DEFINED 951000 0 344009
INGERSOLL RAND CO COM 456866102 113651 2064029 SH DEFINED 851667 0 1212362
INTERNATIONAL BUSINESS MACHINE COM 459200101 259 2400 SH SOLE 2400 0 0
INTERNATIONAL PAPER COM 460146103 2984 52872 SH DEFINED 5088 0 47784
JOHNSON & JOHNSON COM 478160104 473 5072 SH SOLE 5072 0 0
KENNAMETAL INC COM 489170100 14066 418314 SH DEFINED 343700 0 74614
LEAR CORPORATION COM 521865105 13809 431535 SH DEFINED 247400 0 184135
LILLY ELI & COMPANY COM 532457108 394 5920 SH SOLE 5920 0 0
LOEWS CORP DEL COM 540424108 72129 1188530 SH DEFINED 389950 0 798580
LONGVIEW FIBRE CO COM 543213102 1469 103063 SH DEFINED 66200 0 36863
MGIC INVESTMENT CORP COM 552848103 20111 334140 SH DEFINED 296400 0 37740
MANDALAY RESORT GROUP COM 562567107 12101 601278 SH DEFINED 305000 0 296278
MARINE DRILLING CO. COM 568240204 1176 52424 SH DEFINED 26000 0 26424
MAYTAG CORP COM 578592107 1238 25800 SH DEFINED 24900 0 900
MEDIAONE GROUP INC COM 58440J104 196556 2558905 SH DEFINED 1190866 0 1368039
MERCK & COMPANY INCORPORATED COM 589331107 242 3600 SH SOLE 3600 0 0
MERIDIAN RESOURCE GROUP COM 58977Q109 189 61764 SH DEFINED 51764 0 10000
MIDCOAST RESOURCES TX NEVADA COM 59563W104 1561 93206 SH DEFINED 63000 0 30206
MINNESOTA MINING & MFG CO COM 604059105 312 3185 SH DEFINED 0 0 3185
MORGAN J P & CO INC COM 616880100 209 1650 SH SOLE 1650 0 0
MOTOROLA INC COM 620076109 260 1765 SH SOLE 1765 0 0
NTL INC COM 629407107 77573 621824 SH DEFINED 434831 0 186993
NABISCO GROUP HOLDINGS COM 62952P102 14959 1407862 SH DEFINED 1027500 0 380362
NATIONAL CITY CORP CLEVELAND COM 635405103 2052 86632 SH DEFINED 79668 0 6964
NOBLE AFFILIATES INC COM 654894104 17459 814436 SH DEFINED 593850 0 220586
NOBLE DRILLING CORP COM 655042109 28373 866337 SH DEFINED 765425 0 100912
NORTHERN TRUST CORP COM 665859104 636 12000 SH SOLE 12000 0 0
OCEAN ENERGY INC (NEW) COM 67481E106 9497 1225406 SH DEFINED 777787 0 447619
OLD NATIONAL BANCORP COM 680033107 272 8388 SH SOLE 8388 0 0
PACTIV CORP COM 695257105 3188 300000 SH SOLE 300000 0 0
PENNEY J C COMPANY COM 708160106 34292 1719962 SH DEFINED 594850 0 1125112
PHARMACIA & UPJOHN INC. COM 716941109 25969 577096 SH DEFINED 377300 0 199796
PFIZER INC COM 717081103 993 30600 SH SOLE 30600 0 0
PHILADELPHIA CONS HLDG CO COM 717528103 1029 70993 SH DEFINED 42250 0 28743
PHILIP MORRIS COMPANIES INC COM 718154107 95943 4171430 SH DEFINED 2161873 0 2009557
PITNEY-BOWES, INC COM 724479100 80796 1672369 SH DEFINED 431645 0 1240724
PRAXAIR INC. COM 74005P104 115547 2296588 SH DEFINED 1066997 0 1229591
QUAKER FABRIC CORP COM 747399103 1029 242147 SH DEFINED 159525 0 82622
QUANTUM CORP DLT & STORAGE S747906204 19251 1272823 SH DEFINED 931000 0 341823
QUANTUM CORP HARD DISK DRIV747906303 13531 1950450 SH DEFINED 1349550 0 600900
R&B FALCON CORP COM 74912E101 444 33500 SH SOLE 33500 0 0
RAYONIER INC COM 754907103 2364 48930 SH DEFINED 31255 0 17675
RITCHIE BROS. AUCTIONEERS COM 767744105 695 25050 SH DEFINED 17650 0 7400
ROHM & HAAS CO COM 775371107 8020 197113 SH DEFINED 146341 0 50771
SBC COMMUNICATIONS INC COM 78387G103 5618 115251 SH DEFINED 72751 0 42500
SAFEWAY INC COM 786514208 215 6000 SH SOLE 6000 0 0
SCHERING PLOUGH CORP COM 806605101 385 9092 SH SOLE 9092 0 0
SCHLUMBERGER LIMITED COM 806857108 400 7120 SH DEFINED 3420 0 3700
SCRIPPS E W CO (NEW) COM 811054204 32321 721254 SH DEFINED 539500 0 181754
SEALED AIR CORP (NEW) COM 81211K100 715 13791 SH DEFINED 11248 0 2543
SHAW GROUP INC COM 820280105 1077 42553 SH DEFINED 26100 0 16453
SMURFIT-STONE CONTAINER CORP COM 832727101 10382 423771 SH DEFINED 283600 0 140171
STAPLES INC. COM 855030102 384 18500 SH SOLE 18500 0 0
TELEPHONE & DATA SYS INC COM 879433100 63614 504870 SH DEFINED 338400 0 166470
TENET HEALTHCARE CORPORATION COM 88033G100 9876 420259 SH DEFINED 83800 0 336459
TEXAS INSTRUMENTS INCORPORATED COM 882508104 170864 1768324 SH DEFINED 605201 0 1163123
TEXTRON INC COM 883203101 92418 1205129 SH DEFINED 325891 0 879238
THOMAS & BETTS CORP COM 884315102 12967 406800 SH DEFINED 320350 0 86450
TIME WARNER INC. COM 887315109 97456 1347704 SH DEFINED 473629 0 874075
TITAN EXPLORATION INC. COM 888289105 573 105436 SH DEFINED 51700 0 53736
TITAN INTERNATIONAL INC COM 88830M102 878 135087 SH DEFINED 84900 0 50187
TORCHMARK CORP COM 891027104 25409 874276 SH DEFINED 615600 0 258676
TOSCO CORP COM NEW COM 891490302 25391 933936 SH DEFINED 633800 0 300136
TRAVELERS PROP CASUALTY CL A COM 893939108 19622 572899 SH DEFINED 452625 0 120274
TROPICAL SPORTSWEAR INTL. COM 89708P102 2659 164904 SH DEFINED 115425 0 49479
UCAR INTERNATIONAL INC. COM 90262K109 1210 67936 SH DEFINED 50200 0 17736
U S BANCORP DEL COM 902973106 248 10434 SH SOLE 10434 0 0
UNILEVER NV NY SHS NEW COM 904784709 27649 507911 SH DEFINED 260450 0 247461
UNICOM CORP COM 904911104 248 7400 SH SOLE 7400 0 0
UNION PACIFIC RESOURCE GROUP COM 907834105 43663 3424563 SH DEFINED 957539 0 2467024
UNITED STATIONERS INC COM 913004107 2501 87563 SH DEFINED 56475 0 31088
UNITED TECHNOLOGIES CORP COM 913017109 19487 299792 SH DEFINED 258821 0 40970
UNOCAL CORP COM 915289102 352 10500 SH SOLE 10500 0 0
UNUMPROVIDENT CORP COM 91529Y106 74909 2336358 SH DEFINED 1280652 0 1055705
VALERO ENERGY CORP (NEW) COM 91913Y100 1520 76461 SH DEFINED 50600 0 25861
VINTAGE PETROLEUM, INC COM 927460105 121 10000 SH DEFINED 9300 0 700
WACKENHUT CORP - CL B COM 929794303 944 91557 SH DEFINED 53000 0 38557
WADDELL & REED FINANCIAL COM 930059100 11692 431047 SH DEFINED 414252 0 16795
WADDELL & REED FINL INC CL B COM 930059209 472 18779 SH DEFINED 16649 0 2130
WALGREEN CO COM 931422109 601 20560 SH SOLE 20560 0 0
WASTE MANAGEMENT INC COM 94106L109 14729 856934 SH DEFINED 648300 0 208634
WAUSAU-MOSINEE PAPER CORP COM 943315101 2438 208626 SH DEFINED 141100 0 67526
WEATHERFORD INTERNATIONAL COM 947074100 28460 712624 SH DEFINED 652475 0 60149
WEIDER NUTRITION INTL INC COM 948603105 299 81100 SH SOLE 81100 0 0
WELLPOINT HEALTH NETWORKS COM 94973H108 310 4700 SH SOLE 4700 0 0
WELLS FARGO & CO (NEW) COM 949746101 125893 3113282 SH DEFINED 1175645 0 1937637
WEYERHAEUSER COMPANY COM 962166104 1724 24012 SH DEFINED 412 0 23600
WHITNEY HOLDING CO COM 966612103 1414 38146 SH DEFINED 23150 0 14996
XEROX CORP COM 984121103 30898 1361888 SH DEFINED 262125 0 1099763
YORK INTL CORP NEW COM 986670107 19083 695500 SH DEFINED 521720 0 173780
CORECOMM LIMITED ORD COM G2422R109 82662 1392198 SH DEFINED 977300 0 414898
TRANSOCEAN SEDCO FOREX INC COM G90078109 16144 479232 SH DEFINED 104722 0 374510
STOLT COMEX SEAWAY COM L8873E103 2062 186413 SH DEFINED 119975 0 66438
CNH GLOBAL NV COM N20935107 15195 1141433 SH DEFINED 834100 0 307333
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