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 is Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Great Lakes Advisors, Inc.
Address: 227 West Monroe Street
Suite 4375
Chicago, IL 60606
13F File Number: 28-99999
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: Edward J. Calkins
Title: Managing Director
Phone: (312) 553-3715
Signature, Place, and Date of Signing:
Edward J. Calkins Chicago, Illinois May 3, 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.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 426466
Form 13F Information Table Value Total: $12,439,776
List of Other Included Managers:
No. 13F File Number Name
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<FORMAT>
<TABLE> <C> <C>
FORM 13F
INFOMATION 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
- ------------------------------ ---------------- --------- -------- -------- ---
- ---- ------- ------------ -------- -------- -------
ABBOTT LABS COMMON 002824100 630 13451 SH
SOLE 9851 0 3600
AETNA INC COMMON 008117103 19289 232403 SH
SOLE 228703 0 3700
ALCOA INC COMMON 013817101 11238 272856 SH
SOLE 269156 0 3700
ALLEGHENY TELEDYNE INC COMMON 017415100 7208 380603 SH
SOLE 378303 0 2300
ALLSTATE CORP COMMON 020002101 667 18001 SH
SOLE 18001 0 0
AMERICAN EXPRESS CO COMMON 025816109 17622 149653 SH
SOLE 147053 0 2600
AMERITECH CORP COMMON 030954101 1605 27851 SH
SOLE 27851 0
AON CORP COMMON 037389103 3397 53701 SH
SOLE 53701 0 0
ASSOCIATES FIRST CAP COR CL A 046008108 1006 22358 SH
SOLE 22358 0 0
ATLANTIC RICHFIELD CO COMMON 048825103 6073 83052 SH
SOLE 83052 0 0
BP AMOCO P L C DEPOSITORY RECEI 055622104 6620 65544 SH
SOLE 65544 0 0
BANK ONE CORP COMMON 06423A103 1967 35714 SH
SOLE 35714 0 0
BANKAMERICA CORP NEW COMMON 06605F102 11353 160745 SH
SOLE 158496 0 2249
BESTFOODS COMMON 08658U101 9703 206453 SH
SOLE 203353 3100
BRISTOL MYERS SQUIBB CO COMMON 110122108 3512 54774 SH
SOLE 54774 0 0
BRUNSWICK CORP COMMON 117043109 8717 457303 SH
SOLE 450203 0 7100
BURLINGTON NORTHN SANTA COMMON 12189T104 14483 440557 SH
SOLE 431657 0 8900
CIGNA CORP COMMON 125509109 11512 137353 SH
SOLE 135453 0 1900
CATERPILLAR INC COMMON 149123101 8300 180673 SH
SOLE 177773 0 2900
CITIGROUP INC COMMON 172967101 20903 327245 SH
SOLE 322145 0 5100
CLOROX CO COMMON 189054109 10149 86603 SH
SOLE 85203 0 1400
CONSOLIDATED NAT GAS COMMON 209615103 8270 169853 SH
SOLE 167353 0 2500
CORN PRODS INTL INC COMMON 219023108 510 21296 SH
SOLE 20921 0 375
DAYTON HUDSON CORP COMMON 239753106 28512 427953 SH
SOLE 421303 0 6650
DOW CHEMICAL COMPANY COMMON 260543103 10647 114253 SH
SOLE 112253 0 2000
</TABLE>
<TABLE> <C>
<C>
FORM 13F
INFOMATION 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
- ------------------------------ ---------------- --------- -------- -------- ---
- ---- ------- ------------ -------- -------- ------DUKE ENERGY
CORP COMMON 264399106 10025 182903 SH SOLE
180303 0 2600
EASTMAN KODAK CO COMMON 277461109 19894 311453 SH
SOLE 307053 0 4400
EMERSON ELEC CO COMMON 291011104 2877 54352 SH
SOLE 54352 0 0
EXXON CORP COMMON 302290101 596 8452 SH
SOLE 8452 0
FEDERAL NATL MTG ASSN COMMON 313586109 14809 213843 SH
SOLE 211543 0 2300
FIRST UN CORP COMMON 337358105 9149 171218 SH
SOLE 168394 2824
FORD MTR CO COMMON 345370100 1587 28001 SH
SOLE 28001 0 0
GTE CORP COMMON 362320103 3672 60702 SH
SOLE 60702 0 0
GANNETT INC COMMON 364730101 239 3801 SH
SOLE 3801 0 0
GENERAL ELEC CO COMMON 369604103 23592 213260 SH
SOLE 210160 3100
GENERAL MILLS INC COMMON 370334104 1806 23901 SH
SOLE 23901 0 0
GENERAL MTRS CORP COMMON 370442105 16978 195153 SH
SOLE 191553 0 3600
GEORGIA PAC CORP COM GA PAC GRP 373298108 9088 122403 SH
SOLE 120553 0 1850
GEORGIA PAC TIMBER GRP COM-TIMBER GRP 373298702 4499 200503 SH
SOLE 198503 0 2000
GOODYEAR TIRE & RUBR CO COMMON 382550101 249 5001 SH
SOLE 5001 0 0
HALLIBURTON CO COMMON 406216101 9646 250553 SH
SOLE 246253 0 4300
HARTFORD FIN SERVICES COMMON 416515104 12087 212753 SH
SOLE 209853 0 2900
HONEYWELL INC COMMON 438506107 8563 112953 SH
SOLE 110953 0 2000
HUBBELL INC CL B 443510201 689 17221 SH
SOLE 17221 0 0
ITT INDS INC IND COMMON 450911102 3676 103903 SH
SOLE 103903 0 0
JOHNSON & JOHNSON COMMON 478160104 514 5501 SH
SOLE 5501 0 0
JOHNSON CTLS INC COMMON 478366107 2221 35602 SH
SOLE 32602 0 3000
KELLOGG CO COMMON 487836108 271 8001 SH
SOLE 8001 0 0
KIMBERLY CLARK CORP COMMON 494368103 10745 224153 SH
SOLE 221153 0 3000
LOCKHEED MARTIN CORP COMMON 539830109 8481 224656 SH
SOLE 224656 0 0
LYONDELL CHEMICAL CO COMMON 552078107 4624 337803 SH
SOLE 332703 0 5100
MCGRAW HILL COS INC COMMON 580645109 273 5002 SH
SOLE 5002 0 0
</TABLE>
<TABLE> <C>
<C>
FORM 13F
INFOMATION 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
- ------------------------------ ---------------- --------- -------- -------- ---
- ---- ------- ------------ -------- -------- ------
MERCK & CO INC COMMON 589331107 321 4002 SH
SOLE 4002 0 0
MINNESOTA MNG & MFG CO COMMON 604059105 17367 245473 SH
SOLE 241673 0 3800
MOBIL CORP COMMON 607059102 2790 31702 SH
SOLE 31702 0 0
MORGAN STAN DEAN WITTR COMMON 617446448 510 5101 SH
SOLE 5101 0 0
NICOR INC COMMON 654086107 10400 289403 SH
SOLE 285303 0 4100
NORFOLK SOUTHERN CORP COMMON 655844108 4943 187402 SH
SOLE 187402 0 0
OWENS CORNING COMMON 69073F103 8844 278003 SH
SOLE 273403 0 4600
PPG INDS INC COMMON 693506107 1720 33552 SH
SOLE 33552 0 0
PEPSICO INC COMMON 713448108 1581 40351 SH
SOLE 40351 0 0
PHILIP MORRIS COS COMMON 718154107 14087 400338 SH
SOLE 398138 0 2200
PHILLIPS PETE CO COMMON 718507106 22553 477303 SH
SOLE 470253 0 7050
PROCTER & GAMBLE CO COMMON 742718109 216 2201 SH
SOLE 1 0 2200
PUBLIC SVC ENTERPRISE GR COMMON 744573106 11695 306253 SH
SOLE 301953 0 4300
RJR NABISCO HOLDINGS COMMON 74960K876 1155 46201 SH
SOLE 46201 0 0
RALSTON PURINA CO COMMON 751277302 8560 320753 SH
SOLE 315453 0 5300
ROYAL DUTCH PETE CO COMMON 780257804 14129 271703 SH
SOLE 265603 0 6100
SARA LEE CORP COMMON 803111103 495 20002 SH
SOLE 20002 0 0
SCHERING PLOUGH CORP COMMON 806605101 14622 264656 SH
SOLE 259456 0 5200
SEARS ROEBUCK & CO COMMON 812387108 285 6301 SH
SOLE 6301 0 0
SPRINT CORP (FON GROUP) COMMON 852061100 24693 251648 SH
SOLE 247948 0 3700
SPRINT CORP (PCS GROUP) COMMON 852061506 7228 163125 SH
SOLE 160775 0 2350
TENET HEALTHCARE CORP COMMON 88033G100 3731 197000 SH
SOLE 194700 0 2300
TEXTRON INC COMMON 883203101 18234 235653 SH
SOLE 234353 0 1300
</TABLE>
<TABLE> <C>
<C>
FORM 13F
INFOMATION 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
- ------------------------------ ---------------- --------- -------- -------- ---
- ---- ------- ------------ -------- -------- ------
THOMAS & BETTS CORP COMMON 884315102 16685 444203 SH
SOLE 436453 0 7750
TYCO INTL LTD NEW COMMON 902124106 9428 131402 SH
SOLE 128702 0 2700
WASTE MGMT INC DEL COMMON 94106L109 11284 254297 SH
SOLE 251210 0 3087
WELLS FARGO & CO NEW COMMON 949746101 825 23531 SH
SOLE 23531 0 0
WILLAMETTE INDS INC COMMON 969133107 634 16801 SH
SOLE 16801 0 0
</TABLE>
