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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Long Beach Financial Corp
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(Name of Issuer)
Common
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(Title of Class of Securities)
542446109
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(CUSIP Number)
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above
Persons.
Wallace R. Weitz & Company 47-0654095
2) Check the Appropriate Box if a Member of a Group.
(a) [ ]
(b) [X]
3) SEC Use Only.
4) Citizenship or Place of Organization.
State of Nebraska
Number of Shares Beneficially Owned by Each Reporting Person With:
5) Sole Voting Power: 3,083,200
6) Shared Voting Power: None
7) Sole Dispositive Power: 3,083,200
8) Shared Dispositive Power: None
9) Aggregate Amount Beneficially Owned by Each Reporting Person.
3,083,200
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares. [ ]
11) Percent of Class Represented by Amount in Row 9.
13.6%
12) Type of Reporting Person.
IA
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SCHEDULE 13G Page -2-
Item 1(a). Name of Issuer:
Long Beach Financial Corp
Item 1(b). Address of Issuer's Principal Executive Office:
1100 Town & Country Road, Suite 1600
Orange, California 92868
Item 2(a). Name of Person Filing:
Wallace R. Weitz & Company
Item 2(b). Address of Principal Business Office:
1125 South 103rd Street, Suite 600
Omaha, Nebraska 68124-6008
Item 2(c). Citizenship:
State of Nebraska
Item 2(d). Title of Class of Securities:
Common
Item 2(e). CUSIP Number:
542446109
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 23-d(b),
check whether the person filing is a:
[X] Investment Adviser registered under Section 203 of the Investment
Adviser Act of 1940
Item 4. Ownership
(a) 3,083,200
(b) 13.6%
(c) Number of Shares as to which such person has:
(i)sole power to direct vote: 3,083,200
(ii)shared power to direct vote: None
(iii)sole power to dispose: 3,083,200
(iv)shared power to dispose: None
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Item 10. Certification
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having such
purposes or effect.
/s/ Wallace R. Weitz
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Wallace R. Weitz, President
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true,
complete and correct.
Date: 8/9/99 /s/ Wallace R. Weitz
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Wallace R. Weitz, President
