<PAGE> 1
FORM
13F
INFORMATION REGUIRED OF INSTITUTIONAL INVESTMENT MANAGERS PURSUANT TO
SECTION 13(f) OF THE SECURITIES EXCHANGE ACT OF 1934
AND RULES THEREUNDER
Securities and Exchange Commission
Washington, D.C. 20549
Report for the Calendar Year or Quarter Ended June 30, 1999
Name of Institutional Investment Manager:
OAK ASSOCIATES, LTD. #28-2338
Business Address:
3875 EMBASSY PARKWAY, #250 AKRON, OHIO 44333
Name, Phone No., and Title of Person Duly Authorized to Submit This Report.
JAMES D. OELSCHLAGER, MANAGING MEMBER (330) 668-1234
ATTENTION -- Intentional misstatements or omissions of facts
constitute Federal Criminal Violations. See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
The institutional investment manager submitting this Form and
its attachments and the person by whom it is signed represent hereby
that all information contained therein is true, correct and complete.
It is understood that all required items, statements and schedules
are considered integral parts of this Form and that the submission of
any amendment represents that all unattended items, statements and
schedules remain true, correct and complete as previously submitted.
Pursuant to the requirements of Securities Exchange Act of
1934, the undersigned institutional investment manager has caused
this report to be signed on its behalf in the City
of AKRON and State of OHIO on the 4 day of August 1999
JAMES D. OELSCHLAGER
(Manual Signature of Person Duly Authorized
to Submit This Report)
Name and 13F file numbers of ALL Institutional Investment Managers with respect
to which this schedule is filed (other than the one filing this report): (List
in alphabetical order).
13F File Numbers will be assigned to Institutional Investment Managers after
they file their first report.
<PAGE> 2
<TABLE>
<CAPTION>
Oak Associates, Ltd.
FORM 13F
@MANAGED
June 30, 1999
VOTING AUTHORITY
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER --------------------------
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>
3COM CORP. COM 885535104 257692 9655899 SH SOLE 9655899
ADVENT SOFTWARE COM 007974108 3678 54900 SH SOLE 54900
AMERICA ONLINE COM 02364J104 19516 177419 SH SOLE 177419
AMERICAN EXPRESS CO COM 025816109 286 2200 SH SOLE 2200
AMERICAN HOME PRODUCTS COM 026609107 4441 77400 SH SOLE 77400
AMERICAN INT'L. GRP COM 026874107 600055 5117740 SH SOLE 5117740
AMERITECH CORP NEW COM 030954101 919 12498 SH SOLE 12498
AMGEN INC COM 031162100 408 6700 SH SOLE 6700
ANHEUSER-BUSCH CO INC COM 035229103 482 6800 SH SOLE 6800
APPLIED MATERIALS INC COM 038222105 679502 9197999 SH SOLE 9197999
ASPECT TELECOMMUNICATION COM 045237104 26688 2737257 SH SOLE 2737257
AT&T CORP COM 001957109 2998 53707 SH SOLE 53707
ATMEL CORP. COM 049513104 112895 4311040 SH SOLE 4311040
BANCONE CORP COM 059438101 1089 18290 SH SOLE 18290
BANK OF AMERICA CORP. COM 060505104 485365 6620495 SH SOLE 6620495
BANK OF NEW YORK CO INC. COM 064057102 770 21000 SH SOLE 21000
BANKBOSTON CORP. COM 06605R106 7661 149855 SH SOLE 149855
BELLSOUTH CORP COM 079860102 506 10968 SH SOLE 10968
BERKSHIRE HATHAWAY (NEW) CLASS COM 084670108 344 5 SH SOLE 5
BRISTOL MYERS SQUIBB COM 110122108 954 13550 SH SOLE 13550
BROCADE COMMUNICATIONS COM 111621108 4803 49800 SH SOLE 49800
CABLEVISION SYSTEMS CORP. COM 12686C109 259 3700 SH SOLE 3700
CHASE MANHATTAN CORP COM 161610100 9901 114464 SH SOLE 114464
CIENA CORP. COM 171779101 218008 7221799 SH SOLE 7221799
CISCO SYSTEMS COM 17275R102 3610207 56026489 SH SOLE 56026489
CITIGROUP INC. COM 172967101 676249 14236829 SH SOLE 14236829
CLEAR CHANNEL COMMUNICATIONS, COM 184502102 3447 50000 SH SOLE 50000
COCA COLA COMMON COM 191216100 490 7900 SH SOLE 7900
COMPAQ COMPUTER CORP. COM 204493100 321068 13554312 SH SOLE 13554312
DELL COMPUTER COM 247025109 18504 500100 SH SOLE 500100
DIEBOLD INC. COM 253651103 8757 304606 SH SOLE 304606
E I DUPONT DE NEMOURS & CO COM 263534109 1109 16228 SH SOLE 16228
ELI LILLY & CO. COM 532457108 210437 2938034 SH SOLE 2938034
EMC CORP. COM 268648102 236005 4291007 SH SOLE 4291007
EQUITY RESIDENTIAL PPTYS TR SB COM 29476L107 582 12915 SH SOLE 12915
EXODUS COMMUNICATIONS COM 302088109 1451 12100 SH SOLE 12100
EXPRESS SCRIPTS INC. COM 302182100 7379 122600 SH SOLE 122600
FIRST DATA CORP COM 319963104 57615 1177315 SH SOLE 1177315
FIRSTMERIT CORP. COM 318677101 3568 127133 SH SOLE 127133
FOREST LABORATORIES INC. COM 345838106 2664 57600 SH SOLE 57600
GALILEO TECHNOLOGY LTD. COM M47298100 1127 24871 SH SOLE 24871
GATEWAY COM 367626108 3192 54050 SH SOLE 54050
GENERAL ELECTRIC COM 369604103 13083 115775 SH SOLE 115775
GLIMCHER REALTY TRUST COM 379302102 706 43100 SH SOLE 43100
GULFSTREAM AEROSPACE COM 402734107 4324 64000 SH SOLE 64000
HARLEY MOTORCYCLES COM 412822108 3262 60000 SH SOLE 60000
HEWLETT PACKARD CO COM 428236103 301 3000 SH SOLE 3000
HRPT PPTYS TR COM SH BEN INT COM 40426W101 841 54900 SH SOLE 54900
INTEL CORP COM 458140100 668580 11236630 SH SOLE 11236630
INTERNATIONAL NETWORK SERVICES COM 460053101 7267 180000 SH SOLE 180000
JOHNSON & JOHNSON COM 478160104 11890 121325 SH SOLE 121325
KEYCORP NEW COM 833663305 2190 68174 SH SOLE 68174
LINEAR TECHNOLOGY CORP. COM 535678106 533737 7936615 SH SOLE 7936615
LUCENT TECHNOLOGIES COM 549463107 483212 7165325 SH SOLE 7165325
MAXIM INTEGRATED PRODUCTS COM 57772K101 484350 7283462 SH SOLE 7283462
MBNA CORP. COM 55262L100 329309 10752954 SH SOLE 10752954
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
Oak Associates, Ltd.
FORM 13F
@MANAGED
June 30, 1999
VOTING AUTHORITY
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER --------------------------
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>
MCDONALDS CORP COM 580135101 209 5084 SH SOLE 5084
MCI WORLDCOM INC. COM 55268B106 3370 39156 SH SOLE 39156
MEDTRONIC INC COM 585055106 310468 3986743 SH SOLE 3986743
MERCK & CO INC COM 589331107 550938 7483030 SH SOLE 7483030
MICROSOFT COM 594918104 988846 10964334 SH SOLE 10964334
MORGAN STANLEY DEAN WITTER & C COM 617446448 321552 3133272 SH SOLE 3133272
MUTUAL RISK MGMT. LTD. COM 628351108 1159 34732 SH SOLE 34732
NATIONAL CITY CORP. COM 635405103 273 4165 SH SOLE 4165
NETWORK APPLIANCE COM 64120L104 3475 62200 SH SOLE 62200
NEXTEL COMMUNICATIONS INC CLAS COM 338898109 20358 405633 SH SOLE 405633
NORTEL NETWORKS CORP COM 656569100 125075 1440753 SH SOLE 1440753
PARAMETRIC TECHNOLOGY CORP. COM 699173100 304572 21951116 SH SOLE 21951116
PEPSICO INC. COM 713448108 1427 36880 SH SOLE 36880
PFIZER INC COM 717081103 435072 3991485 SH SOLE 3991485
PHILIP MORRIS COS. COM 718154107 1608 40020 SH SOLE 40020
PINE BROOK CAP INC CL A COM 72246F109 0 10228 SH SOLE 10228
PNC FINANCIAL CORP COM 693475105 231 4016 SH SOLE 4016
POST PROPERTIES, INC. COM 737464107 697 17000 SH SOLE 17000
PROCTER & GAMBLE CO COM 742718109 3179 35614 SH SOLE 35614
QUALCOMM INC. COM 747525103 287 2000 SH SOLE 2000
QUINTILES TRANSNATIONAL CORP. COM 748767100 1050 25000 SH SOLE 25000
SBC COMMUNICATIONS INC COM 845333103 746 12857 SH SOLE 12857
SCHWAB CHARLES CORP COM 808513105 9385 86100 SH SOLE 86100
SECOND BANCORP COM 813114105 654 22354 SH SOLE 22354
STATE STREET BOSTON CORP COM 857473102 427 5000 SH SOLE 5000
SUGN INC COM 865041107 295 10000 SH SOLE 10000
SUN MICROSYSTEMS COM 866810104 157398 2285272 SH SOLE 2285272
SYLVAN LEARNING SYS. INC. COM 871399101 2229 82000 SH SOLE 82000
SYNOPSYS INC. COM 871607107 107989 1956770 SH SOLE 1956770
TELLABS COM 879664100 431861 6392024 SH SOLE 6392024
UNIPHASE CORP COM 909149106 40172 242000 SH SOLE 242000
VITESSE SEMICONDUCTOR CORP. COM 928497106 25913 384250 SH SOLE 384250
WAYNE BANCORP INC COM 944293109 1034 30521 SH SOLE 30521
XILINX INC. COM 983919101 181854 3176488 SH SOLE 3176488
BUELL INDUSTRIES INC. 119061109 0 10000 SH SOLE 10000
CISCO SYSTEMS 17275R102 870 13500 SH SOLE 13500
OMNI-VISTA, INC., PREFERRED B 100 50000 SH SOLE 50000
PW EQUITY PARTNERS THREE 60 25000 SH SOLE 25000
REPORT SUMMARY 94 DATA RECORDS 14180958 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>