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: Presque Isle Capital Management, Inc.
Address: 3939 West Ridge Road
Suite B30
Erie, PA 16506
13F File Number: 28-2939
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: John F. Trettel
Title: President
Phone: 814-835-7097
Signature, Place, and Date of Signing
John F. Trettel Erie, PA MAY 07, 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: 81
Form 13F Information Table Value Total: $87,141
List of Other Included Managers:
No. 13F File Number Name
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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
AT&T Corp com 001957109 228 2861 sh sole 2861 0 0
Abbott Laboratories com 002824100 2547 54400 sh sole 54400 0 0
Aetna Life & Casualty com 008117103 950 11450 sh sole 11450 0 0
America Online com 02364J104 2860 19452 sh sole 19452 0 0
American Greeting Cl A 026375105 254 10000 sh sole 10000 0 0
American Home Products com 026609107 2747 42100 sh sole 42100 0 0
Automatic Data Processing Inc com 053015103 544 13150 sh sole 13150 0 0
BankAtlantic Bancorp Cl A 065908501 370 52425 sh sole 52425 0 0
Beckman Coulter Inc com 075811109 248 5600 sh sole 5600 0 0
Bell South Inc com 079860102 1693 42250 sh sole 42250 0 0
Bristol-Myers Squibb com 110122108 2949 45992 sh sole 45992 0 0
Burlington Industries com 121693105 533 80500 sh sole 80500 0 0
Cadence Design System Inc com 127387108 306 11900 sh sole 11900 0 0
Circus Circus Enterprises Inc com 172909103 281 16000 sh sole 16000 0 0
Cisco Sys Inc com 17275R102 3502 31960 sh sole 31960 0 0
Citigroup Inc com 172967101 226 3533 sh sole 3533 0 0
Community Svgs Bankshares Inc com 204037105 560 44788 sh sole 44788 0 0
Compaq Computer Corp com 204493100 2137 67442 sh sole 67442 0 0
Diebold Inc com 253651103 304 12650 sh sole 12650 0 0
Disney Walt Co com 254687106 1341 43095 sh sole 43095 0 0
Eastman Kodak Co com 277461109 1460 22850 sh sole 22850 0 0
Elmira Svgs Bk FSB N Y com 289660102 558 24255 sh sole 24255 0 0
Erie Indty Co Cl A 29530P102 433 15730 sh sole 15730 0 0
Exxon Corp com 302290101 1062 15050 sh sole 15050 0 0
Fidelity Bankshares Inc com 316047109 439 24400 sh sole 24400 0 0
Fleet Fin'l Group Inc New com 338915101 1230 32700 sh sole 32700 0 0
Freedom Secs Corp com 35644K103 226 14200 sh sole 14200 0 0
General Elec Co com 369604103 3447 31163 sh sole 31163 0 0
Gillette Co com 375766102 329 5540 sh sole 5540 0 0
GTE Corp com 362320103 433 7150 sh sole 7150 0 0
HRPT PPTYS TR com SH BEN INT 40426W101 219 16200 sh sole 16200 0 0
Halliburton Co com 406216101 1130 29350 sh sole 29350 0 0
Hewlett Packard Co com 428236103 2411 35550 sh sole 35550 0 0
Hospitality PPTYS TR com SH BEN INT 44106M102 376 13900 sh sole 13900 0 0
Imation Corp com 45245A107 414 25100 sh sole 25100 0 0
Intel Corp com 458140100 5009 42135 sh sole 42135 0 0
International Business Machs com 459200101 2271 12814 sh sole 12814 0 0
Johnson & Johnson com 478160104 3616 38671 sh sole 38671 0 0
Lilly Eli & Co com 532457108 3537 41675 sh sole 41675 0 0
MGIC Invt Corp WIS com 552848103 203 5800 sh sole 5800 0 0
Mallinckrodt Inc New com 561232109 293 11000 sh sole 11000 0 0
McDonalds Corp com 580135101 430 9500 sh sole 9500 0 0
MCI Worlcom Inc com 55268B106 1326 14972 sh sole 14972 0 0
Medtronic Inc com 585055106 1004 13963 sh sole 13963 0 0
Merck & Co Inc com 589331107 3531 44074 sh sole 44074 0 0
Merrill Lynch & Co Inc com 590188108 266 3000 sh sole 3000 0 0
Microsoft Corp com 594918104 2366 26400 sh sole 26400 0 0
Milacron Inc com 598709103 728 46200 sh sole 46200 0 0
Minnesota Mng & Mfg Co com 604059105 416 5875 sh sole 5875 0 0
Mobil Corp com 607059102 1760 20000 sh sole 20000 0 0
Mony Group Inc com 615337102 299 12000 sh sole 12000 0 0
Motorola Inc com 620076109 1135 15500 sh sole 15500 0 0
National City Corp com 635405103 534 8040 sh sole 8040 0 0
National Processing Inc com 637229105 239 53000 sh sole 53000 0 0
Niagara Bancorp Inc com 652914102 267 26700 sh sole 26700 0 0
Novell Inc com 670006105 427 16950 sh sole 16950 0 0
Officemax Inc com 67622M108 1026 119000 sh sole 119000 0 0
Old Guard Group Inc com 679783100 368 29000 sh sole 29000 0 0
PNC BK Corp com 693475105 402 7233 sh sole 7233 0 0
Penney J C Inc com 708160106 567 14000 sh sole 14000 0 0
Peoples BanCorp Inc Del com 709909105 738 74733 sh sole 74733 0 0
Pepsico Inc com 713448108 1605 40955 sh sole 40955 0 0
Pfizer Inc com 717081103 2880 20760 sh sole 20760 0 0
Reckson Assoc Rlty Corp Pfd CV Ser A% 75621K205 319 15650 sh sole 15650 0 0
Reynolds Metals Co com 761763101 387 8000 sh sole 8000 0 0
SBC Communications Inc com 78387G103 911 19310 sh sole 19310 0 0
Schering Plough Corp com 806605101 881 15950 sh sole 15950 0 0
Schlumberger LTD com 806857108 662 11000 sh sole 11000 0 0
Sears Roebuck & Co com 812387108 239 5300 sh sole 5300 0 0
Spectrum Ctl Inc com 847615101 340 81200 sh sole 81200 0 0
Staples Inc com 855030102 362 11000 sh sole 11000 0 0
Staten Is Bancorp Inc com 857550107 1315 76480 sh sole 76480 0 0
Texas Pac Ld Tr Sub CTF PROP IT 882610108 506 10050 sh sole 10050 0 0
3Com Corp com 885535104 1380 59200 sh sole 59200 0 0
Time Warner Inc com 887315109 510 7200 sh sole 7200 0 0
Tollgrade Communications Inc com 889542106 201 12100 sh sole 12100 0 0
UST Corp com 902900109 469 21478 sh sole 21478 0 0
Ultramar Diamond Shamrock Corp com 904000106 238 11000 sh sole 11000 0 0
WVS Finl Corp com 929358109 357 23800 sh sole 23800 0 0
Waste Mgmt Inc Del com 94106L109 271 6100 sh sole 6100 0 0
Xerox Corp com 984121103 1806 34650 sh sole 34650 0 0
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