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 holding entries.
Institutional Investment Manager Filing this Report:
Name: The Royal London Mutual Insurance Society Limited
Address: Royal London House
Middleborough
Colchester
Essex
CO1 1RA
England
13F File Number: 28-1667
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, and considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: D. G. Pearsons
Title: Group Treasurer, Treasury & Securities Services
Phone: (01206) 786107
Signature, Place, and Date of Signing:
D. G. Pearsons Colchester, Essex, England May 20, 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: 1
Form 13F Information Table Entry Total: 85
Form 13F Information Table Value Total: $412731
List of Other Included Managers:
No. 13F File Number Name
01 28-2709 Royal London Asset Management
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FORM 13F
INFORMATION TABLE
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE SHARES/ SH/
PUT/ INVSTMT OTHER VOTING AUTHORITY
(x$1000) PRN AMT PRN
CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- ---
- ---- ------- ------------ -------- -------- --------
1ST INDL REALTY TR COM 32054K103 2920 122000 SH
DEFINED 01 122000
A T & T CORP COM 001957109 5270 66000 SH
DEFINED 01 66000
ABBOTT LABS COM 002824100 8988 192000 SH
DEFINED 01 192000
AIR PRODS & CHEMS COM 009158106 1024 30000 SH
DEFINED 01 30000
AIRTOUCH COMMUNICA COM 00949T100 4155 43000 SH
DEFINED 01 43000
ALBERTSONS INC COM 013104104 5268 97000 SH
DEFINED 01 97000
AMER INTL GRP COM 026874107 5623 46625 SH
DEFINED 01 46625
AT&T-LIBERTY MEDIA COM LIB GRP A 001957208 6641 126487 SH
DEFINED 01 126487
AUTO DATA PROCESS COM 053015103 9122 220800 SH
DEFINED 01 220800
BAXTER INTL INC COM 071813109 8952 135643 SH
DEFINED 01 135643
BK ONE CORP COM 06423A103 748 13600 SH
DEFINED 01 13600
BP AMOCO SPON ADR 055622104 4676 46316 SH
DEFINED 01 46316
BRAZIL FUND INC COM 105759104 494 38666 SH
DEFINED 01 38666
BRISTOL-MYRS SQUIB COM 110122108 14142 220000 SH
DEFINED 01 220000
CBS CORPORATION COM 12490K107 4459 108919 SH
DEFINED 01 108919
CENDANT CORP COM 151313103 504 32000 SH
DEFINED 01 32000
CHARTWELL RE CORP COM 16139W109 433 25000 SH
DEFINED 01 25000
CHASE MANHATTAN CP COM 16161A108 5529 68000 SH
DEFINED 01 68000
CISCO SYSTEMS COM 17275R102 5261 48000 SH
DEFINED 01 48000
CITIGROUP INC COM 172967101 8755 136997 SH
DEFINED 01 136997
COCA-COLA CO COM 191216100 3924 64000 SH
DEFINED 01 64000
COLGATE-PALMOLIVE COM 194162103 4602 50000 SH
DEFINED 01 50000
COMPAQ COMPUTER CP COM 204493100 1776 56000 SH
DEFINED 01 56000
CORNING INC COM 219350105 4622 77000 SH
DEFINED 01 77000
CVS CORP COM 126650100 5127 108000 SH
DEFINED 01 108000
DISNEY(WALT)CO COM 254687106 5047 162000 SH
DEFINED 01 162000
DU PONT DE NEMOURS COM 263534109 3830 66000 SH
DEFINED 01 66000
EMC CORP(MASS) COM 268648102 8808 69000 SH
DEFINED 01 69000
EXXON CORP COM 302290101 9628 136500 SH
DEFINED 01 136500
FEDERAL NATIONAL MTG ASSN COM 313586109 8691 125500 SH
DEFINED 01 125500
FOX ENTERTAINMENT CLASS A 35138T107 543 20000 SH
DEFINED 01 20000
GANNETT CO INC COM 364730101 5229 83000 SH
DEFINED 01 83000
GEN ELEC CO AMER COM 369604103 17368 157000 SH
DEFINED 01 157000
GEN MOTORS CORP CLASS H 370442832 1967 39000 SH
DEFINED 01 39000
GEN MOTORS CORP COM 370442105 2346 27000 SH
DEFINED 01 27000
GOLDEN ST BANCORP COM 381197102 1560 70000 SH
DEFINED 01 70000
GOLDEN STATE BANCO WT EXP 381197136 339 70000 SH
DEFINED 01 70000
GRUPO TRIBASA S.A. SPON ADR 40049F105 65 42500 SH
DEFINED 01 42500
GTE CORP COM 362320103 393 6500 SH
DEFINED 01 6500
HALLIBURTON CO(HLD COM 406216101 4123 107000 SH
DEFINED 01 107000
HARTFORD FINL SERV COM 416515104 3407 60000 SH
DEFINED 01 60000
HEINZ(HJ)CO COM 423074103 3260 69000 SH
DEFINED 01 69000
HILLENBRAND INDS COM 431573104 3238 70100 SH
DEFINED 01 70100
HONEYWELL INC COM 438506107 6290 83000 SH
DEFINED 01 83000
HOUSEHOLD INTL INC COM 441815107 2517 55198 SH
DEFINED 01 55198
IMS HEALTH COM 449934108 4940 149000 SH
DEFINED 01 149000
INTEL CORP COM 458140100 9700 81600 SH
DEFINED 01 81600
INTL BUSINESS MCHN COM 459200101 6115 34500 SH
DEFINED 01 34500
INTL PAPER CO COM 460146103 3879 91882 SH
DEFINED 01 91882
JOHNSON & JOHNSON COM 478160104 8994 96000 SH
DEFINED 01 96000
KROGER CO COM 501044101 4728 79000 SH
DEFINED 01 79000
LUCENT TECHNOLOGIE COM 549463107 3232 30000 SH
DEFINED 01 30000
MCDONALD'S CORP COM 580135101 8247 182000 SH
DEFINED 01 182000
MCI WORLD COM COM 55268B106 6241 70500 SH
DEFINED 01 70500
MEDIAONE GROUP INC COM 58440J104 5263 83000 SH
DEFINED 01 83000
MERCK & CO INC COM 589331107 641 8000 SH
DEFINED 01 8000
MEXICO FUND INC COM 592835102 2829 186666 SH
DEFINED 01 186666
MICROSOFT CORP COM 594918104 13260 148000 SH
DEFINED 01 148000
MINNESOTA MNG&MFG COM 604059105 4917 69500 SH
DEFINED 01 69500
MOBIL CORP COM 607059102 6162 70000 SH
DEFINED 01 70000
PATRIOT AMER HOSPT PRD CTF 703352203 165 32384 SH
DEFINED 01 32384
PEPSICO INC COM 713448108 4781 122000 SH
DEFINED 01 122000
PHARMACIA & UPJOHN COM 716941109 4741 76000 SH
DEFINED 01 76000
PHILIP MORRIS COS COM 718154107 2953 84000 SH
DEFINED 01 84000
PREMIER PKS INC COM 740540208 4466 120000 SH
DEFINED 01 120000
PROCTER & GAMBLE COM 742718109 8523 87000 SH
DEFINED 01 87000
RAYTHEON CO CLASS B 755111408 7533 128500 SH
DEFINED 01 128500
REPUBLIC SERVICES CLASS A 760759100 2020 125000 SH
DEFINED 01 125000
ROYAL DUTCH PETROL NLG 1.25 780257804 603 11600 SH
DEFINED 01 11600
SARA LEE CORP COM 803111103 5424 220000 SH
DEFINED 01 220000
SERVICE CORP INTL COM 817565104 853 60000 SH
DEFINED 01 60000
SOUTHERN CO COM 842587107 349 15000 SH
DEFINED 01 15000
TELEFONOS DE MEXIC SPON ADR 879403780 1311 20000 SH
DEFINED 01 20000
TEXACO INC COM 881694103 8569 151000 SH
DEFINED 01 151000
TIME WARNER(H.C.) COM 887315109 9912 139600 SH
DEFINED 01 139600
TRW INC COM 872649108 2925 64240 SH
DEFINED 01 64240
TYCO INTERNATIONAL COM 902124106 6532 91000 SH
DEFINED 01 91000
US FILTERS CORP COM 911843209 4528 148000 SH
DEFINED 01 148000
US FOOD SERVICES COM 90331R101 5062 109000 SH
DEFINED 01 109000
VIAD CORP COM 92552R109 3474 124900 SH
DEFINED 01 124900
WAL-MART STORES IN COM 931142103 10970 119000 SH
DEFINED 01 119000
WASHINGTON MUTUAL COM 939322103 1225 30000 SH
DEFINED 01 30000
WASTE MANAGEMENT COM 94106L109 4213 95000 SH
DEFINED 01 95000
WATERS CORP COM 941848103 5507 52400 SH
DEFINED 01 52400
WILLIAMS COS INC COM 969457100 5280 134000 SH
DEFINED 01 134000
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