United States
Securities and Exchange Commission
Washington, D.C. 205490
Form 13F
From 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 the Report:
Name: Baxter Financial Corporation
Address: 1200 North Federal Highway, Suite 424
Boca Raton, FL 33432
Form 13F File Number: 28-2480
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: Ronald F. Rohe
Title: Chief Operating Officer
Phone: 561-395-2155
Signature, Place, and Date of Signing:
____________________ Boca Raton, FL April 12, 1999
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report)
[ ] 13F NOTICE. (check here if no holdings reported are in this report, and all
holdings are reported by another reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 31
Form 13F Information Table Value Total: $ 79,342
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
NONE
<PAGE>
<TABLE>
<CAPTION>
Form 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- - -------------- -------------- --------- --------- -------------------- ---------- ---------- -------------------
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
(x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- - -------------- -------------- --------- --------- -------------------- ---------- ---------- -------------------
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
American Express 025816109 2,335 20,000 SH SOLE 20,000
American Int'l Group 026874107 6,031 50,000 SH SOLE 50,000
Ball Corporation 058498106 2,112 45,000 SH SOLE 45,000
Comcast CL A 200300101 6,585 107,000 SH SOLE 107,000
Comcast SL CL A 200300200 6,608 105,000 SH SOLE 105,000
Cox Communications 224044107 3,025 40,000 SH SOLE 40,000
Dole Foods 256605106 3,447 114,900 SH SOLE 114,900
Exxon 302290101 213 3,020 SH SOLE 3,020
Federal Nat'l Mtg 313586109 7,618 110,000 SH SOLE 110,000
Food Lion CL B 344775101 180 20,000 SH SOLE 20,000
Federal Home Loan 313400301 212 3,700 SH SOLE 3,700
Frost Hanna Cap Group 359250107 0 20,000 SH SOLE 20,000
Golden State Bancorp 381197102 4,495 202,000 SH SOLE 202,000
Ibis Tech Corporation 450909106 618 32,500 SH SOLE 32,500
Ingles Markets 457030104 1,138 99,000 SH SOLE 99,000
Leucadia National 527288104 208 6,876 SH SOLE 6,876
Mobile America 607235504 30 11,000 SH SOLE 11,000
National City Corp 635401103 4,646 70,000 SH SOLE 70,000
Novacare 669930109 18 10,000 SH SOLE 10,000
PNC Bancorp 693475105 6,390 115,000 SH SOLE 115,000
RailAmerica 750753105 477 54,500 SH SOLE 54,500
Ryder System 783549108 3,616 134,900 SH SOLE 134,900
SBC Communications 78387G103 6,473 136,216 SH SOLE 136,216
Scotts Company 810186106 762 20,400 SH SOLE 20,400
SLM Holdings 78442A109 5,878 140,800 SH SOLE 140,800
Southern Union 844030106 263 13,951 SH SOLE 13,951
Time Warner 887315109 219 20,000 SH SOLE 20,000
United Dominion Realty 910197102 113 11,000 SH SOLE 11,000
United Healthcare 910581107 3,226 61,300 SH SOLE 61,300
Vodafone 92857T107 319 1,701 SH SOLE 1,701
Washington Post CL B 939640108 2,086 4,000 SH SOLE 4,000
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