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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
Form 13F Cover Page
Report for the Calendar Year or Quarter Ended: September 30, 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: Falcon Fund, Ltd.
Address: 8235 Douglas Avenue, Suite 420
Dallas, TX 75225
13F File Number: 28-
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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: G. Houston Hall
Title: President of FFM GP, Inc., General Partner of
Falcon Fund Management, Ltd., General Partner of Falcon
Fund, Ltd.
Phone: 214-696-2700
Signature, Place, and Date of Signing:
/s/ G. Houston Hall DALLAS, TX October 12, 1999
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[Signature] [City, State] [Date]
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 other 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).)
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 2
Form 13F Information Table Entry Total: 25
Form 13F Information Table Value Total: $32,347
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
<TABLE>
<CAPTION>
No. 13F File Number Name
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<S> <C> <C>
01 28-___________ Falcon Fund Management, Ltd.
02 28-___________ FFM GP, Inc.
</TABLE>
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Page 1 of 1 FORM 13F Name of Reporting Manager Falcon Fund, Ltd.
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<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
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TITLE OF SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP VALUE PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ --------- ----- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
America Service Group COM 02364L109 1,019,925.00 75,550 SOLE 1 X
Amresco Capital Trust COM 021919103 2,957,500.00 338,000 SOLE 1 X
Cherokee Inc. COM 16444H102 412,800.00 51,600 SOLE 1 X
Chesapeake Energy COM 165167107 1,048,187.50 270,500 SOLE 1 X
Department 56 Inc. COM 249509100 2,444,018.75 102,100 SOLE 1 X
Dress Barn Inc. COM 261570105 1,834,375.00 100,000 SOLE 1 X
Drew Industries COM 26168L205 1,856,000.00 204,800 SOLE 1 X
Exco Resources Inc. COM 269279204 175,000.00 25,000 SOLE 1 X
Felcor Suite Hotels Inc PFD 31430F200 390,487.50 23,400 SOLE 1 X
Firstplus Financial Group COM 33763B103 70,744.00 191,200 SOLE 1 X
Franklin Covey Co. COM 353469109 606,543.75 78,900 SOLE 1 X
Highlands Ins. Group COM 431032101 92,500.00 10,000 SOLE 1 X
Lancer Corp. COM 514614106 1,186,294.00 206,312 SOLE 1 X
Marvel Enterprises COM 57383M108 976,031.25 179,500 SOLE 1 X
Marvel Enterprises Pref PFD 31430F200 1,619,450.00 231,350 SOLE 1 X
Maxwell Shoe Co. Inc. COM 577766108 2,430,487.50 275,800 SOLE 1 X
Miller Exploration Co. COM 600533103 600,000.00 300,000 SOLE 1 X
Movie Gallery Inc. COM 624581104 1,224,065.63 221,300 SOLE 1 X
Palomar Med Tech COM 697529105 36,345.75 16,856 SOLE 1 X
Radica Games Ltd. COM G7342H107 6,058,980.00 591,120 SOLE 1 X
Scientific Games COM 808747109 1,975,000.00 100,000 SOLE 1 X
Swift Energy Co. COM 870738101 1,667,762.50 132,100 SOLE 1 X
Tristar Aerospace Co. COM 89674L101 1,019,812.50 166,500 SOLE 1 X
Vivus Inc. COM 928551100 426,562.50 150,000 SOLE 1 X
Walden Residential
Properties COM 931210108 218,125.00 10,000 SOLE 1 X
COLUMN TOTALS 32,346,998.13
</TABLE>
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NOTE: BLOOMBERG FOR CUSIPS: TYPE TICKER SYMBOL, PUSH YELLOW EQUITY KEY, THEN
GREEN GO KEY.
