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: Mount Vernon Associates, Inc.
Address: 16 East Eager Street
Baltimore, Md 21202
13F File Number: 52-1453813
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 the required items, statements, schedules, lists, and tables, are
considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Mark C. Sullivan
Title: Vice President
Phone: 410-539-5588
Signature, Place, and Date of Signing:
Mark C. Sullivan Baltimore, Maryland May 11, 1999
Report Type (Check only one.):
[X] 13F HOLDING 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: 72
Form 13F Information Table Value Total: $128,779
List of Other Included Managers:
No. 13F File Number Name
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<TABLE>
FORM
13F INFORMATION TABLE
VALUE
SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN
AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- ----
- ---- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C>
<C> <C> <C> <C> <C> <C> <C>
3 Com COM 885535104 2609
111900 SH SOLE 110500 1400
AT&T COM 030177109 389
4876 SH SOLE 4876
Aames Financial COM 00253A101 384
227600 SH SOLE 224100 3500
Abbott Laboratories COM 002824100 257
5490 SH SOLE 5490
Allstate Corporation COM 020002101 3343
90200 SH SOLE 89400 800
Ambac Financial Group Inc. COM 023139108 1231
22800 SH SOLE 22800
American Home Prodts COM 026609107 326
5000 SH SOLE 5000
Apple Computer COM 037833100 2620
72900 SH SOLE 71400 300 1200
Atlantic Richfield COM 048825103 3176
43430 SH SOLE 42830 600
Bankamerica Corp COM 066050105 288
4072 SH SOLE 4072
Bell South Corp. COM 079860102 208
5200 SH SOLE 5200
Bestfoods COM 08658U101 3718
79100 SH SOLE 78400 700
Boston Scientific Corp COM 101137107 1897
46700 SH SOLE 46100 600
Bristol Myers Squibb COM 110122108 2162
33722 SH SOLE 32762 960
Burlington Coat Factry COM 121579106 1651
140500 SH SOLE 139100 1400
Carnival Corp COM 143658102 5569
114678 SH SOLE 113578 1100
Chase Manhattan Corp COM 16161A108 388
4766 SH SOLE 4766
Citigroup Inc. COM 173034109 4732
74084 SH SOLE 73584 500
Clayton Homes COM 184190106 1699
153544 SH SOLE 152919 625
Collins Inds Inc COM 194858106 50
10500 SH SOLE 10500
Compaq Computer COM 204493100 3615
114096 SH SOLE 112896 1200
Duramed Pharmaceuticals Inc. COM 266354109 1721
188000 SH SOLE 185500 2500
Electro Scientific Ind COM 285229100 256
5500 SH SOLE 5500
Endesa COM 29258N107 1866
75000 SH SOLE 75000
Fannie Mae COM 313586109 270
3900 SH SOLE 3500 400
Ferro Corp. COM 315405100 3657
147775 SH SOLE 146425 1350
First Data Corp. COM 319963104 3800
88900 SH SOLE 88000 900
First Union Corp COM 337358105 425
7954 SH SOLE 7954
GTE Corp COM 362320103 4120
68100 SH SOLE 67200 900
General Electric COM 369604103 4582
41419 SH SOLE 40319 800 300
General Motors Corp. COM 370442105 2547
29276 SH SOLE 28976 300
Gillette Co COM 375766102 396
6660 SH SOLE 6660
Harnischfeger Industries COM 413345109 1701
299000 SH SOLE 296800 2200
Health Care Reit COM 42217K106 651
30300 SH SOLE 30300
Honeywell Inc. COM 438506107 3897
51400 SH SOLE 51100 300
Hughes Supply COM 444482103 225
9900 SH SOLE 9300 600
Int Business Machine COM 459200101 479
2700 SH SOLE 2600 100
Integrated Health Svcs COM 45812C106 275
50000 SH SOLE 50000
Intel Corp COM 458140100 1516
12753 SH SOLE 12703 50
JLG Inds Inc COM 466210101 1248
91600 SH SOLE 88100 3500
LTC Properties COM 502175102 1220
100600 SH SOLE 99500 1100
Lucent Technologies Inc. COM 549463107 297
2748 SH SOLE 2748
MCN Energy Group, Inc. COM 55267J100 2030
126400 SH SOLE 125000 1400
MGIC Inv. Group COM 552848103 1511
43100 SH SOLE 42700 400
Merck & Co. COM 589331107 772
9630 SH SOLE 9630
Mobil Corp. COM 607059102 546
6200 SH SOLE 6200
Oakwood Homes COM 674098108 812
58000 SH SOLE 57700 300
Pan Pacific COM 69806L104 277
15600 SH SOLE 13800 1800
Pepisco COM 713448108 282
7190 SH SOLE 7190
Pfizer Inc. COM 717081103 417
3007 SH SOLE 3007
Philip Morris COM 718154107 3428
97430 SH SOLE 97130 300
Pitney Bowes COM 724479100 1524
23900 SH SOLE 23100 800
Playtex COM 72813P100 4943
326800 SH SOLE 323900 2900
Post Pptys COM 737464107 1255
34619 SH SOLE 34619
Raychem Corp COM 754603108 2306
102200 SH SOLE 101100 1100
Renaissance Re COM G7496G103 2645
75700 SH SOLE 74700 1000
SBC Communications, Inc. COM 78387G103 366
7760 SH SOLE 7760
Saks Holdings COM 79377W108 3092
118916 SH SOLE 117276 1640
Santa Fe International COM G7805C108 1405
75200 SH SOLE 74900 300
Schering Plough COM 806605101 327
5920 SH SOLE 5920
Seagate Technologies COM 811804103 2787
94288 SH SOLE 93146 400 742
Sears Roebuck & Co COM 812387108 3570
79000 SH SOLE 78500 500
Sizeler Prop. Inv. COM 830137105 299
36200 SH SOLE 36200
TIG Hldgs Inc COM 872469101 1975
121100 SH SOLE 120100 1000
Thermo Electron COM 883556102 1863
137400 SH SOLE 136600 800
Tidewater COM 886423102 1651
63800 SH SOLE 63400 400
UCAR International COM 90262K109 1571
111200 SH SOLE 110800 400
Ultramar Diamond Shamrock Corp COM 903912103 1648
76200 SH SOLE 75800 400
Unocal Corporation COM 915289102 3109
84300 SH SOLE 83200 1100
Washington Real Estate Investm COM 939653101 936
57400 SH SOLE 57400
Wells Fargo COM 949740104 1025
29232 SH SOLE 29232
Xerox Corporation COM 984121103 4947
94900 SH SOLE 93700 1200
</TABLE>
