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 holdings entries.
Institutional Investment Manager Filing this Report:
Name: Leylegian Investment Management, Inc.
Address: 601 Gateway Boulevard
Suite 700
South San Francisco, CA 94080
13F File Number: 28-2288
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: George A. Leylegian
Title: President and C.E.O.
Phone: 650-615-9500
Signature, Place, and Date of Signing:
George A. Leylegian So. San Francisco, Calif. April 21, 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: 42
Form 13F Information Table Value Total: $290,577
List of Other Included Managers:
No. 13F File Number Name
01
02
03
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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
- ---------------------- --------------- ------- -------- ------- --- ---- ------- ---------- ------ -------- ------
AFLAC COM 001055102 9631 176925 SH SOLE 176925
ALZA COM 022615108 6352 166075 SH SOLE 166075
AMERICAN HOME PRODUCTS COM 026609107 6763 103650 SH SOLE 103650
BP AMOCO ADS COM 055622104 5648 55920 SH SOLE 55920
BAKER HUGHES COM 057224107 8771 360750 SH SOLE 360750
BRISTOL-MYERS SQUIBB COM 110122108 9503 148200 SH SOLE 148200
BURLINGTON NORTHERN SAN COM 12189T104 4215 128200 SH SOLE 128200
CBS COM 12490K107 6850 167850 SH SOLE 167850
CABLETRON SYSTEMS COM 126920107 6017 734800 SH SOLE 734800
CAMPBELL SOUP COM 134429109 8428 207125 SH SOLE 207125
CHEVRON COM 166751107 5986 67450 SH SOLE 67450
COLGATE-PALMOLIVE COM 194162103 10615 115375 SH SOLE 115375
COMPUTER ASSOCIATES COM 204912109 9336 262524 SH SOLE 262524
CYPRESS SEMICONDUCTOR COM 232806109 6147 683000 SH SOLE 683000
FEDERAL HOME LOAN MORTG COM 313400301 7158 124900 SH SOLE 124900
FIRST DATA COM 319963104 9295 217417 SH SOLE 217417
FRANKLIN RESOURCES COM 354613101 1943 69100 SH SOLE 69100
GENERAL ELECTRIC COM 369604103 8237 74460 SH SOLE 74460
GROUPO TELEVISA COM 40049J206 10046 320200 SH SOLE 320200
GRUPO ELECTRA COM 40050A102 5075 780800 SH SOLE 780800
HEWLETT-PACKARD COM 428236103 9826 144904 SH SOLE 144904
HOME DEPOT COM 437076102 9163 147200 SH SOLE 147200
ILLINOIS TOOL WORKS COM 452308109 8689 140425 SH SOLE 140425
INPUT/OUTPUT COM 457652105 3062 485100 SH SOLE 485100
JOHNSON & JOHNSON COM 478160104 6711 71775 SH SOLE 71775
MBIA COM 55262C100 6738 116175 SH SOLE 116175
MERCK COM 589331107 9851 122950 SH SOLE 122950
MOBIL COM 607059102 266 3025 SH SOLE 3025
MOTOROLA COM 620076109 11188 152735 SH SOLE 152735
NATIONAL SEMICONDUCTOR COM 637640103 6789 729000 SH SOLE 729000
NETWORK EQUIPMENT TECH COM 641208103 5443 608950 SH SOLE 608950
NEWBRIDGE NETWORKS COM 650901101 8526 270675 SH SOLE 270675
NOVELL COM 670006105 3156 125300 SH SOLE 125300
PETROLEUM GEO SERVICES COM 716597109 3957 259500 SH SOLE 259500
PFIZER COM 717081103 11069 79775 SH SOLE 79775
PRAXAIIR COM 74005P104 7064 195875 SH SOLE 195875
STERLING COMMERCE COM 859205106 8667 281850 SH SOLE 281850
SYSTEM SOFTWARE ASSOC COM 871839106 3321 1476000 SH SOLE 1476000
TELEFONICA DE ARGENTINA COM 879378206 1243 41100 SH SOLE 41100
TRIBUNE COM 896047107 6830 104375 SH SOLE 104375
UNUM COM 903192102 3039 63900 SH SOLE 63900
PANAMERICAN BEVERAGES COM P74823108 9963 567250 SH SOLE 567250
</TABLE>
