UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 1999
Check here is Amendment [ ] ; Amendment Number:
This Amendment (check only one): [ ] is a restatement.
[ ] adds new holdings entries
Institutional Investment Manager Filing this Report:
Name: Sasco Capital, Inc.
Address: 10 Sasco Hill Road
Fairfield, CT 06430
13F File Number: 28-1646
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: Daniel L. Leary
Title: Secretary
Phone: 203-254-6800
Signature, Place, and Date of Signing:
Daniel L. Leary Fairfield, Connecticut May 10, 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: 37
Form 13F Information Table Value Total: $1,674,940
List of Other Included Managers:
<PAGE>
FORM 13 F
REPORTING MANAGER: SASCO CAPITAL, INC.
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<CAPTION> FORM 13F INFORMATION TABLE </CAPTION>
TITLE OF
NAME OF ISSUER CLASS CUSIP VALUE SHARES / SH/ INVESTMENT OTHER VOTING AUTHORITY
(x$1000) PRN AMT PRN DISCRETION MGR SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AK STL HLDG CORP COMMON 001547108 77,879 3,451,682 SH SOLE 0 2,104,716 0 1,346,966
ALLEGHANY CORP DEL COMMON 017175100 82,388 448,065 SH SOLE 0 273,599 0 174,466
ALLEGHENY TELEDYNE COMMON 017415100 69,119 3,649,842 SH SOLE 0 2,215,605 0 1,434,237
ARMCO INC COMMON 042170100 33,876 7,634,074 SH SOLE 0 4,420,308 0 3,213,766
BALL CORP COMMON 058498106 81,842 1,743,639 SH SOLE 0 1,060,453 0 683,186
CBS CORP COMMON 12490K107 36,926 904,785 SH SOLE 0 547,804 0 356,981
CHICAGO TITLE CORP COMMON 168228104 26,277 722,389 SH SOLE 0 427,658 0 294,731
CITIZENS UTILITIES COMMON 177342201 31,656 4,084,530 SH SOLE 0 2,431,530 0 1,653,000
COOPER CAMERON CORP COMMON 216640102 38,353 1,132,210 SH SOLE 0 698,710 0 433,500
DONNELLEY R R & SONSCOMMON 257867101 44,622 1,386,305 SH SOLE 0 836,070 0 550,235
EASTERN ENTERPRISES COMMON 27637F100 39,286 1,080,036 SH SOLE 0 650,101 0 429,935
EASTMAN KODAK CO COMMON 277461109 55,046 861,768 SH SOLE 0 522,468 0 339,300
ENGELHARD CORP COMMON 292845104 38,043 2,246,112 SH SOLE 0 1,388,262 0 857,850
FOOTSTAR INC COMMON 344912100 65,217 2,038,032 SH SOLE 0 1,220,238 0 817,794
FORT JAMES CORP COMMON 347471104 35,992 1,135,850 SH SOLE 0 682,950 0 452,900
GRACE W R & CO DEL COMMON 38388F108 53,739 4,432,033 SH SOLE 0 2,702,733 0 1,729,300
HARTMARX CORP COMMON 417119104 11,774 2,415,093 SH SOLE 0 1,192,100 0 1,222,993
HERCULES INC COMMON 427056106 48,191 1,908,562 SH SOLE 0 1,157,984 0 750,578
ITT INDS INC IND COMMON 450911102 19,360 547,265 SH SOLE 0 327,320 0 219,945
KERR MCGEE CORP COMMON 492386107 54,686 1,666,623 SH SOLE 0 1,022,721 0 643,902
NORTHEAST UTILS COMMON 664397106 39,876 2,873,940 SH SOLE 0 1,753,813 0 1,120,127
PENNZENERGY CO COMMON 70931Q109 36,658 3,491,230 SH SOLE 0 2,115,599 0 1,375,631
PENNZOIL-QUAKER STATCOMMON 709323109 16,196 1,308,757 SH SOLE 0 756,059 0 552,698
PIONEER NAT RES CO COMMON 723787107 31,658 4,084,964 SH SOLE 0 2,485,985 0 1,598,979
REYNOLDS METALS CO COMMON 761763101 66,565 1,377,799 SH SOLE 0 835,218 0 542,581
STANLEY WORKS COMMON 854616109 36,740 1,433,740 SH SOLE 0 869,340 0 564,400
SUNOCO, INC. COMMON 86764P109 81,687 2,265,143 SH SOLE 0 1,393,493 0 871,650
TENNECO INC NEW COMMON 88037E101 67,602 2,419,785 SH SOLE 0 1,475,890 0 943,895
TERRA INDS INC COMMON 880915103 19,191 4,206,131 SH SOLE 0 2,597,531 0 1,608,600
TIMES MIRROR CO NEW COMMON 887364107 13,194 243,773 SH SOLE 0 147,700 0 96,073
UGI CORP NEW COMMON 902681105 46,491 2,785,988 SH SOLE 0 1,712,188 0 1,073,800
UNION PAC CORP COMMON 907818108 42,001 785,978 SH SOLE 0 474,562 0 311,416
U S INDS INC NEW COMMON 912080108 79,514 4,837,356 SH SOLE 0 2,929,406 0 1,907,950
VENATOR GROUP INC COMMON 922944103 46,549 6,590,923 SH SOLE 0 4,074,831 0 2,516,092
WASTE MGMT INC DEL COMMON 94106L109 48,435 1,091,476 SH SOLE 0 667,834 0 423,642
WESTERN RES INC COMMON 959425109 58,311 2,184,928 SH SOLE 0 1,331,028 0 853,900
</TABLE>