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 a new holdings entries.
Institutional Investment Manager Filing this report:
Name: Hotchkiss Associates, Inc.
Address: 208 South LaSalle Street
Suite 712
Chicago, IL 60604
13F File Number: 28-3052
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: James K. Hotchkiss
Title: President
Phone: 312-368-4633
Signature, Place and Date of Signing
James K. Hotchkiss Chicago, IL May 10, 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: 114
Form 13F Information Table Value Total: $304,098,874
List of Other Included Managers:
(none)
<PAGE>
<TABLE>
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AT&T CORP COMMON 001957109 2119 26549 SH SOLE 1 5400 0 21149
LIBERTY MEDIA CL A COMMON 001957208 748 14220 SH SOLE 1 0 0 14220
ABBOTT LABS COMMON 002824100 11505 245764 SH SOLE 1 17800 0 227964
AETNA INC COMMON 008117103 306 3689 SH SOLE 1 0 0 3689
AIRTOUCH COMMUNICATNS COMMON 00949T100 1580 16348 SH SOLE 1 4800 0 11548
AMERICA ONLINE INC DEL COMMON 02364J104 8808 59920 SH SOLE 1 0 0 59920
AMERICAN HOME PRODS CORP COMMON 026609107 600 9200 SH SOLE 1 0 0 9200
AMERICAN INTL GROUP INC COMMON 026874107 9285 76978 SH SOLE 1 2524 0 74454
AMERITECH CORP NEW COMMON 030954101 1000 17362 SH SOLE 1 0 0 17362
AMP INC COMMON 031897101 225 4200 SH SOLE 1 0 0 4200
ASCEND COMMUNICATIONS COMMON 043491109 2107 25180 SH SOLE 1 3500 0 21680
ATLANTIC RICHFIELD CO COMMON 048825103 461 6308 SH SOLE 1 0 0 6308
AUTODESK INC COMMON 052769106 309 7650 SH SOLE 1 5500 0 2150
BP AMOCO P L C DEP RECEIPTS 055622104 2688 26616 SH SOLE 1 1057 0 25559
BANK AMER CORP COMMON 060505104 432 6120 SH SOLE 1 2574 0 3546
BANK ONE CORP COMMON 06423A103 1581 28716 SH SOLE 1 0 0 28716
BELL ATLANTIC CORP COMMON 077853109 207 4012 SH SOLE 1 528 0 3484
BELLSOUTH CORP COMMON 079860102 605 15092 SH SOLE 1 0 0 15092
BERKSHIRE HATHAWAY INC B CL B 084670207 773 329 SH SOLE 1 0 0 329
BLOCK H & R INC COMMON 093671105 379 8000 SH SOLE 1 0 0 8000
BORDERS GROUP INC COMMON 099709107 1682 119614 SH SOLE 1 5000 0 114614
BOSTON SCIENTIFIC CORP COMMON 101137107 3414 84030 SH SOLE 1 14600 0 69430
BRISTOL MYERS SQUIBB CO COMMON 110122108 4339 67664 SH SOLE 1 4720 0 62944
CATERPILLAR INC DEL COMMON 149123101 511 11120 SH SOLE 1 0 0 11120
CHEVRON CORPORATION COMMON 166751107 436 4916 SH SOLE 1 0 0 4916
CIENA CORP COMMON 171779101 841 37397 SH SOLE 1 2800 0 34597
CISCO SYS INC COMMON 17275R102 22677 206975 SH SOLE 1 16825 0 190150
CINTAS CORP COMMON 172908105 4040 61800 SH SOLE 1 5600 0 56200
CITIGROUP INC COMMON 172967101 536 8385 SH SOLE 1 0 0 8385
COCA COLA CO COMMON 191216100 994 16202 SH SOLE 1 0 0 16202
COMCAST CL A CL A 200300101 426 13850 SH SOLE 1 0 0 13850
COMCAST CL A SPCL CL A SPL 200300200 1391 44212 SH SOLE 1 4100 0 40112
COMPUTER SCIENCES CORP COMMON 205363104 2739 49629 SH SOLE 1 6600 0 43029
CONSOLIDATED EDISON INC COMMON 209115104 227 5000 SH SOLE 1 0 0 5000
CONSOLIDATED PAPERS INC COMMON 209759109 477 20314 SH SOLE 1 0 0 20314
CYMER INC COMMON 232572107 205 10300 SH SOLE 1 3500 0 6800
DEVRY INC DEL COMMON 251893103 6566 226417 SH SOLE 1 20700 0 205717
DISNEY WALT COMPANY COMMON 254687106 3778 121389 SH SOLE 1 1800 0 119589
DOLLAR GEN CORP COMMON 256669102 213 6252 SH SOLE 1 0 0 6252
DONNELLEY R R & SONS CO COMMON 257867101 267 8300 SH SOLE 1 200 0 8100
DREYERS GRAND ICECREAM COMMON 261878102 150 11572 SH SOLE 1 0 0 11572
DU PONT E I DE NEMOURS & COMMON 263534109 526 9064 SH SOLE 1 0 0 9064
ELAN PLC DEP RECEIPTS 284131208 8268 118533 SH SOLE 1 11100 0 107433
ELAN PLC WARRANTS 284131208 893 12800 SOLE 1 3000 0 9800
ELECTRONIC DATA SYSTEM COMMON 285661104 254 5215 SH SOLE 1 500 0 4715
EMERSON ELEC CO COMMON 291011104 2514 47484 SH SOLE 1 800 0 46684
EXODUS COMMUNICATIONS IN COMMON 302088109 336 2500 SH SOLE 1 0 0 2500
EXXON CORP COMMON 302290101 2824 40018 SH SOLE 1 800 0 39218
FIFTH THIRD BANCORP COMMON 316773100 649 9843 SH SOLE 1 2250 0 7593
FIRSTAR CORP NEW WIS COMMON 33763V109 2642 29524 SH SOLE 1 0 0 29524
GTE CORP COMMON 362320103 2115 34958 SH SOLE 1 2700 0 32258
GANNETT INC COMMON 364730101 302 4800 SH SOLE 1 0 0 4800
GENERAL ELEC CO COMMON 369604103 8882 80287 SH SOLE 1 9600 0 70687
GRAINGER W W INC COMMON 384802104 1051 24400 SH SOLE 1 3600 0 20800
HEWLETT PACKARD CO COMMON 428236103 583 8600 SH SOLE 1 0 0 8600
HOME DEPOT INC COMMON 437076102 7575 121690 SH SOLE 1 10798 0 110892
HON INDS INC COMMON 438092108 588 26800 SH SOLE 1 0 0 26800
IMS HEALTH INC COMMON 449934108 232 7000 SH SOLE 1 0 0 7000
ILLINOIS TOOL WKS INC COMMON 452308109 6546 105800 SH SOLE 1 3900 0 101900
INFOSEEK CORP COMMON 45678M107 459 6200 SH SOLE 1 0 0 6200
INTEL CORP COMMON 458140100 20063 168776 SH SOLE 1 10800 0 157976
INTUIT COMMON 461202103 743 7300 SH SOLE 1 2700 0 4600
JOHNSON & JOHNSON COMMON 478160104 2666 28510 SH SOLE 1 0 0 28510
KELLOGG CO COMMON 487836108 541 16000 SH SOLE 1 0 0 16000
KEYCORP NEW COMMON 493267108 1034 34100 SH SOLE 1 175 0 33925
LILLY ELI & CO COMMON 532457108 3272 38554 SH SOLE 1 400 0 38154
LUCENT TECHNOLOGIES INC COMMON 549463107 15035 139212 SH SOLE 1 8258 0 130954
MCI WORLDCOM INC COMMON 55268B106 7740 87396 SH SOLE 1 7079 0 80317
MARSH & MCLENNAN COS INC COMMON 571748102 256 3450 SH SOLE 1 0 0 3450
MEDIAONE GROUP INC COMMON 58440J104 834 13143 SH SOLE 1 0 0 13143
MEDTRONIC INC COMMON 585055106 4808 66895 SH SOLE 1 800 0 66095
MELLON BK CORP COMMON 585509102 524 7450 SH SOLE 1 792 0 6658
MERCK & CO INC COMMON 589331107 10323 128836 SH SOLE 1 5200 0 123636
MICROSOFT CORP COMMON 594918104 14646 163418 SH SOLE 1 9800 0 153618
MILLER HERMAN INC COMMON 600544100 614 33660 SH SOLE 1 0 0 33660
MOLEX INC COMMON 608554101 513 17458 SH SOLE 1 0 0 17458
MORGAN J P & CO INC COMMON 616880100 777 6300 SH SOLE 1 400 0 5900
MOTOROLA INC COMMON 620076109 2562 34974 SH SOLE 1 5700 0 29274
NABISCO HLDGS CORP CL A 629526104 204 4900 SH SOLE 1 800 0 4100
NEWELL RUBBERMAID INC COMMON 651229106 423 8906 SH SOLE 1 0 0 8906
NEXTEL COMMUNICATIONS IN CL A 65332V103 2078 56744 SH SOLE 1 3600 0 53144
NORTHERN TR CORP COMMON 665859104 9098 102444 SH SOLE 1 3800 0 98644
OFFICE DEPOT INC COMMON 676220106 3092 82600 SH SOLE 1 6700 0 75900
ORIGINAL SIXTEEN TO ONE COMMON 686203100 11 13934 SH SOLE 1 0 0 13934
PAYCHEX INC COMMON 704326107 229 4822 SH SOLE 1 0 0 4822
PENNEY J C INC COMMON 708160106 292 7200 SH SOLE 1 0 0 7200
PEPSICO INC COMMON 713448108 1687 43048 SH SOLE 1 1900 0 41148
PETSMART INC COMMON 716768106 161 20000 SH SOLE 1 0 0 20000
PFIZER INC COMMON 717081103 6482 46718 SH SOLE 1 2400 0 44318
PHILIP MORRIS COS COMMON 718154107 637 18100 SH SOLE 1 0 0 18100
PRICE T ROWE & ASSOCIATE COMMON 741477103 2854 83028 SH SOLE 1 10700 0 72328
PROCTER & GAMBLE CO COMMON 742718109 3895 39766 SH SOLE 1 3100 0 36666
PROLOGIS TR SH BEN INT 743410102 258 12600 SH SOLE 1 2500 0 10100
QUALCOMM INC COMMON 747525103 2226 17900 SH SOLE 1 2000 0 15900
QUINTILES TRANSNATIONAL COMMON 748767100 1042 27600 SH SOLE 1 3500 0 24100
SLM HLDG CORP COMMON 78442A109 209 5000 SH SOLE 1 0 0 5000
ST PAUL BANCORP INC COMMON 792848103 2484 114708 SH SOLE 1 10500 0 104208
SARA LEE CORP COMMON 803111103 3541 143052 SH SOLE 1 15200 0 127852
SCHERING PLOUGH CORP COMMON 806605101 453 8200 SH SOLE 1 0 0 8200
SCHLUMBERGER LTD COMMON 806857108 415 6897 SH SOLE 1 1000 0 5897
SERVICEMASTER CO COMMON 81760N109 5269 259403 SH SOLE 1 17387 0 242016
SIGMA ALDRICH CORP COMMON 826552101 216 7380 SH SOLE 1 0 0 7380
STARBUCKS CORP COMMON 855244109 3368 120004 SH SOLE 1 5400 0 114604
STERLING COMMERCE INC COMMON 859205106 2828 91979 SH SOLE 1 5300 0 86679
SUN MICROSYSTEMS INC COMMON 866810104 1394 11150 SH SOLE 1 0 0 11150
TELLABS INC COMMON 879664100 3915 40050 SH SOLE 1 0 0 40050
TIME WARNER INC COMMON 887315109 921 13000 SH SOLE 1 1200 0 11800
UNITED STATES FILTER COR COMMON 911843209 1617 52809 SH SOLE 1 8499 0 44310
U S WEST INC NEW COMMON 91273H101 211 3829 SH SOLE 1 0 0 3829
VIACOM INC CL B CL B 925524308 412 4906 SH SOLE 1 2028 0 2878
WALGREEN CO COMMON 931422109 3563 126116 SH SOLE 1 3400 0 122716
WELLS FARGO & CO NEW COMMON 949746101 207 5900 SH SOLE 1 1500 0 4400
WRIGLEY WM JR CO COMMON 982526105 373 4120 SH SOLE 1 0 0 4120
AXOGEN LTD COMMON G0690R108 398 12800 SH SOLE 1 3000 0 9800
