[TEXT] 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 Admendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Dudley & Company, LLC
Address: 444 Madison Avenue
34th Floor
New York, NY 10022
13F File Number: 801-30300
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: Frank E. Shanley
Title: Manager
Phone: 212-421-3400
Signature, Place, and Date of Signing:
Frank E. Shanley New York, New York May 20, 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:
Form 13F Information Table Entry Total:
Form 13F Information Table Value Total:
List of Other Included Managers:
No. 13F File Number Name
<PAGE>
<TABLE>
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Bank of New York COM 064057102 7198 200300 SH SOLE 200300
Boeing Corp. COM 097023105 204 6000 SH SOLE 6000
Bristol-Myers Squibb COM 110122108 174 2710 SH SOLE 2710
CBS Corporation COM 12490K107 130 3194 SH SOLE 3194
Capstead Mortgage COM 14067E100 639 118950 SH SOLE 118950
Cintas Corp COM 172908105 5874 89850 SH SOLE 89850
Dal-Tile Int'l COM 23426R108 7282 803480 SH SOLE 803480
Dal-Tile Int'l/R COM 23426R108 1960 216321 SH SOLE 216321
Deere & Company COM 244199105 247 6400 SH SOLE 6400
EntreMed Inc. COM 29382F103 5714 270500 SH SOLE 270500
Fannie Mae COM 313586109 10078 145536 SH SOLE 145536
H & R Block Inc. COM 093671105 5991 126450 SH SOLE 126450
Hawaiian Electric COM 419870100 856 24400 SH SOLE 24400
Hewlett-Packard Co. COM 428236103 188 2778 SH SOLE 2778
Hibernia Corp COM 428656102 7249 549650 SH SOLE 549650
Int'l Business Machine COM 459200101 187 1056 SH SOLE 1056
Integ, Inc. COM 458100104 19 14463 SH SOLE 14463
Integrated Meas. Sys COM 457923100 1153 159000 SH SOLE 159000
Japan OTC Fund COM 471091108 1228 159800 SH SOLE 159800
Linear Technology COM 535678106 26151 510266 SH SOLE 510266
MBIA, Inc. COM 55262C100 6684 115250 SH SOLE 115250
Mettler-Toledo Int'l COM 592688105 13009 525624 SH SOLE 525624
Millennium Pharm. COM 599902103 588 18813 SH SOLE 18813
Mobil Corporation COM 607059102 8672 98550 SH SOLE 98550
Molex Inc. Cl A COM 608554200 6880 265900 SH SOLE 265900
Ocean Energy Inc. COM 674812201 106 15510 SH SOLE 15510
Pall Corporation COM 696429307 166 10000 SH SOLE 10000
Phelps Dodge Corp. COM 717265102 5454 110750 SH SOLE 110750
Praxair Inc. COM 74005P104 5949 164950 SH SOLE 164950
Rational Software COM 75409P202 268 10000 SH SOLE 10000
S.A. Gold & Copper COM 83629T103 11 420000 SH SOLE 420000
Sola International COM 834092108 4253 352595 SH SOLE 352595
St Mary Land & Expl. COM 792228108 11202 644731 SH SOLE 644731
Summo Minerals COM 86636K106 49 500000 SH SOLE 500000
Summo Minerals/Res COM 86636K106 402 4058806 SH SOLE 4058806
Summo/wts/R/5-99 COM 000000000 0 3442716 SH SOLE 3442716
TCA Cable TV Inc. COM 877224110 9990 229650 SH SOLE 229650
Waters Corporation COM 941848103 13075 124452 SH SOLE 124452
Wells Fargo & Co. COM 949746101 117 3334 SH SOLE 3334
Western Resources COM 959425109 619 23200 SH SOLE 23200
</TABLE>
