UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, C.C 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 1999
Institutional Investment Manager Filing this Report:
Name: RS Investment Management, Inc.
Address: 388 Market Street, Ste. 200
San Francisco, CA 94111
13F File Number: 28-4862
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: George Randall Hecht
Title: CEO
Phone: (415) 591-2700
Signature, Place, and Date of Signing:
G. Randall Hecht San Francisco, CA May 13, 1999
Report Type:
[X] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager: NONE
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES AND EXCHANGE ACT OF 1934.
<PAGE>
FORM 13FG SUMMARY PAGE
Report Summary:
Number of Other Included Managers: NONE
Form 13F Information Table Entry Total: 209
Form 13F Information Table Value Total: $672,467
List of Other Included Managers: NONE
<PAGE>
<TABLE>
<CAPTION>
Name of Issuer Title of Cusip Value Shares Invest. Mgr. Voting
Class (x$1000) Discret. Authority
Sole Shared None
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Aavid Thermal Tech. COM 002539104 272 19,800SOLE 1 19,800 0 0
Abacus Direct COM 002553105 492 6,000SOLE 1 6,000 0 0
Abercrombie & Fitch COM 002896207 6642 72,000SOLE 1 72,000 0 0
Above.net COM 003743101 13650 104,300SOLE 1 104,300 0 0
Actuate Software COM 00508B102 3647 110,500SOLE 1 110,500 0 0
Albany Molecular ResCOM 012423109 245 9,800SOLE 1 9,800 0 0
Alkermes COM 01642t108 1496 54,900SOLE 1 54,900 0 0
Allegiance Telecom COM 01747t102 9558 382,300SOLE 1 382,300 0 0
Amazon.com COM 023135106 7111 41,300SOLE 1 41,300 0 0
America Online COM 02364j104 8789 60,200SOLE 1 60,200 0 0
American Eagle OutfiCOM 02553D108 2151 30,000SOLE 1 30,000 0 0
American Tower CL A 029912201 4542 185,400SOLE 1 185,400 0 0
Ameritrade Holding COM 03072h109 1235 20,000SOLE 1 20,000 0 0
Annuity and Life Re COM g03910109 215 9,400SOLE 1 9,400 0 0
Applied Micro CircuiCOM 03822w109 4119 96,348SOLE 1 77,300 0 0
Arm Financial Group COM 001944107 197 13,200SOLE 1 13,200 0 0
At Home Corp. COM SER 045919107 3150 20,000SOLE 1 20,000 0 0
Atlantic Data ServicCOM 048523104 282 69,500SOLE 1 69,500 0 0
ATMI, Inc. COM 00207R101 344 17,200SOLE 1 17,200 0 0
Atwood Oceanics COM 050095108 3000 100,000SOLE 1 100,000 0 0
Autoweb.com COM 053331104 217 6,100SOLE 1 6,100 0 0
Bea Systems COM 073325102 1306 83,600SOLE 1 83,600 0 0
Bebe Stores COM 075571109 6318 154,100SOLE 1 154,100 0 0
Beyond.com COM 83403e108 5334 203,700SOLE 1 203,700 0 0
Bindview DevelopmentCOM 090327107 391 12,550SOLE 1 12,550 0 0
Broadcast.Com COM 111310108 2955 25,000SOLE 1 25,000 0 0
Business Objects S.ASPONS AD12328x107 5166 174,000SOLE 1 174,000 0 0
Career Education CorCOM 141665109 343 9,900SOLE 1 9,900 0 0
CareMatrix Corp. COM 141706101 272 14,300SOLE 1 14,300 0 0
Carrier Access Corp.COM 144460102 9347 120,900SOLE 1 120,900 0 0
CB Richard Ellis SvcCOM 12489l108 2763 167,400SOLE 1 156,400 0 0
Cerprobe Corp. COM 156787103 298 23,400SOLE 1 23,400 0 0
Citadel CommunicatioCOM 172853202 422 12,700SOLE 1 12,700 0 0
Closure Medical CorpCOM 189093107 433 11,400SOLE 1 11,400 0 0
CMG Information SvcsCOM 125750109 5547 30,300SOLE 1 30,300 0 0
Coinstar COM 19259p300 3814 236,500SOLE 1 236,500 0 0
Com21, Inc. COM 205937105 4187 159,500SOLE 1 159,500 0 0
Concentric Network CCOM 20589r107 2826 37,800SOLE 1 37,800 0 0
Concord CommunicatioCOM 206186108 3796 66,600SOLE 1 66,600 0 0
Condor Technology SoCOM 206772105 97 10,200SOLE 1 10,200 0 0
Conexant Systems COM 207142100 7276 262,800SOLE 1 262,800 0 0
Consolidated GraphicCOM 209341106 2997 51,900SOLE 1 51,900 0 0
Cooper Cameron COM 216640102 6213 183,400SOLE 1 183,400 0 0
Cornell Corrections COM 219141108 406 23,200SOLE 1 23,200 0 0
Cost Plus, Inc. COM 221485105 322 10,950SOLE 1 10,950 0 0
Cree Research, Inc. COM 225447101 10974 233,800SOLE 1 233,800 0 0
Critical Path Inc. COM 22674v100 3115 40,450SOLE 1 40,450 0 0
Cybex Corp. COM 232522102 265 14,800SOLE 1 14,800 0 0
CYTYC Corp. COM 232946103 2506 180,600SOLE 1 180,600 0 0
D.M. Management COM 233233105 6615 423,350SOLE 1 423,350 0 0
Diamond Technology PCOM 252762109 2947 127,800SOLE 1 127,800 0 0
Digital Microwave CoCOM 253859102 133 15,900SOLE 1 15,900 0 0
Digital River COM 25388b104 2416 60,400SOLE 1 60,400 0 0
DSET Corp. COM 262504103 2578 221,800SOLE 1 221,800 0 0
E*Trade Group COM 269246104 1166 20,000SOLE 1 20,000 0 0
Earthlink Network COM 270322100 5070 84,500SOLE 1 84,500 0 0
Echostar CommunicatiCOM 278762109 12913 158,200SOLE 1 158,200 0 0
Eclipse Surgical TecCOM 278849104 1919 182,800SOLE 1 182,800 0 0
Eco Soil Systems COM 278858105 101 14,600SOLE 1 14,600 0 0
ECsoft Group plc SPONS AD279240105 5922 185,800SOLE 1 185,800 0 0
Education ManagementCOM 28139t101 3573 116,200SOLE 1 116,200 0 0
Electric Lightwave COM 284895109 446 48,900SOLE 1 48,900 0 0
Electronic ProcessinCOM 285798104 680 86,300SOLE 1 86,300 0 0
Emmis CommunicationsCL A 291525103 4665 93,300SOLE 1 93,300 0 0
Enamelon, Inc. COM 292499100 158 30,100SOLE 1 30,100 0 0
Excel Switching CorpCOM 30067v108 601 28,600SOLE 1 28,600 0 0
Exodus CommunicationCOM 302088109 3793 28,200SOLE 1 28,200 0 0
Extended Stay AmericCOM 30224p101 3855 378,400SOLE 1 378,400 0 0
Family Golf Centers COM 30701a106 152 20,400SOLE 1 20,400 0 0
Faro Tech. COM 311642102 196 30,700SOLE 1 30,700 0 0
Faroudja, Inc. COM 311643100 137 45,600SOLE 1 45,600 0 0
Financial Federal CoCOM 317492106 4285 225,500SOLE 1 225,500 0 0
Flashnet CommunicatiCOM 338527104 465 11,300SOLE 1 11,300 0 0
Four Seasons Hotels COM 35100e104 7181 172,000SOLE 1 172,000 0 0
Garden Fresh RestaurCOM 365235100 302 21,200SOLE 1 21,200 0 0
Gemstar InternationaCOM g3788v106 9090 120,800SOLE 1 120,800 0 0
Genesis Microchip InCOM 371933102 4380 184,400SOLE 1 184,400 0 0
GeoTel CommunicationCOM 373656107 729 15,900SOLE 1 15,900 0 0
Global Vacation GrouCOM 37937F106 1682 141,600SOLE 1 141,600 0 0
Globix Corp. COM 37957f101 5880 157,600SOLE 1 157,600 0 0
go2net, Inc. COM 383486107 5968 45,000SOLE 1 45,000 0 0
Harbinger Corp. COM 41145c103 216 31,950SOLE 1 31,950 0 0
Hibbett Sporting GooCOM 428565105 280 13,400SOLE 1 13,400 0 0
Hot Topic, Inc. COM 441339108 365 20,150SOLE 1 20,150 0 0
ICG Communications COM 449246107 3338 166,900SOLE 1 166,900 0 0
Incyte PharmaceuticaCOM 45337c102 1545 77,000SOLE 1 77,000 0 0
Information AdvantagCOM 45669p101 2311 348,800SOLE 1 348,800 0 0
Infoseek Corp. COM 45678m107 5779 78,100SOLE 1 78,100 0 0
Infospace.com COM 45678t102 9288 104,800SOLE 1 104,800 0 0
Inktomi Corp. COM 457277101 6697 78,100SOLE 1 78,100 0 0
Intermedia CommunicaCOM 458801107 1331 50,000SOLE 1 50,000 0 0
International NetworCOM 460053101 6071 86,800SOLE 1 86,800 0 0
Intl Telecomm Data SCOM 46047f104 254 20,500SOLE 1 20,500 0 0
Intuit, Inc. COM 461202103 4477 44,000SOLE 1 44,000 0 0
Investment TechnologCOM 461450108 3040 59,900SOLE 1 59,900 0 0
ISS Group, Inc. COM 450306105 8514 107,100SOLE 1 107,100 0 0
ITT Educational ServCOM 45068B109 3598 95,800SOLE 1 95,800 0 0
Jabil Circuit COM 466313103 6229 153,800SOLE 1 153,800 0 0
Jacor CommunicationsCOM 469858401 5198 68,400SOLE 1 68,400 0 0
Jakks Pacific Inc. COM 47012e106 1056 57,100SOLE 1 57,100 0 0
Javelin Systems, IncCOM 471896100 1206 99,500SOLE 1 99,500 0 0
Jones Medical IndustCOM 480212109 226 6,500SOLE 1 6,500 0 0
Kendle InternationalCOM 48880l107 306 15,200SOLE 1 15,200 0 0
Keystone Automotive COM 49338n109 169 10,400SOLE 1 10,400 0 0
Knight/Trimark GroupCOM 499067106 24073 359,300SOLE 1 359,300 0 0
Krause's Furniture COM 500760202 196 108,100SOLE 1 108,100 0 0
Labor Ready Inc. COM 505401208 4865 186,650SOLE 1 186,650 0 0
Lamar Advertising COM 512815101 5768 169,950SOLE 1 169,950 0 0
LifeCell Corp. COM 531927101 250 54,100SOLE 1 54,100 0 0
Linens 'N Things, InCOM 535679104 5740 126,500SOLE 1 126,500 0 0
Macromedia, Inc. COM 556100105 11523 254,300SOLE 1 254,300 0 0
Macrovision Corp COM 555904101 292 7,900SOLE 1 7,900 0 0
Mastech Corp. COM 57632n105 2175 167,300SOLE 1 167,300 0 0
MBIA, Inc. COM 55262c100 998 17,200SOLE 1 17,200 0 0
MBNA Corp. COM 55262l100 4928 206,400SOLE 1 206,400 0 0
McleodUSA Inc. COM 582266102 5729 136,400SOLE 1 136,400 0 0
Meade Instruments COM 583062104 850 80,000SOLE 1 80,000 0 0
Mede America Corp. COM 584067102 304 15,300SOLE 1 15,300 0 0
Medialink Worldwide,COM 58445p105 447 35,400SOLE 1 35,400 0 0
Medicis PharmaceuticCOM 584690309 405 13,500SOLE 1 13,500 0 0
Medimmune Inc COM 584699102 8310 140,400SOLE 1 140,400 0 0
Metro One Telecomm COM 59163f105 380 26,700SOLE 1 26,700 0 0
Metromedia Fiber NetCL A 591689104 3259 62,900SOLE 1 62,900 0 0
Microfinancial, Inc.COM 595072109 2671 184,200SOLE 1 184,200 0 0
Micromuse Inc. COM 595094103 9048 196,700SOLE 1 196,700 0 0
MindSpring EnterprisCOM 602683104 5241 60,900SOLE 1 60,900 0 0
Miningco.Com Inc. COM 60366t108 465 5,200SOLE 1 5,200 0 0
Molecular Devices CoCOM 60851c107 437 16,200SOLE 1 16,200 0 0
Multex.com Inc. COM 625367107 688 11,000SOLE 1 11,000 0 0
Nationwide FinancialCOM 638612101 4721 112,400SOLE 1 112,400 0 0
Natrol,Inc. COM 638789107 165 27,200SOLE 1 27,200 0 0
NetGravity, Inc. COM 641114103 1061 25,650SOLE 1 25,650 0 0
Network Appliance, ICOM 64120l104 6191 122,300SOLE 1 122,300 0 0
Network Solutions COM 64121q102 11590 109,600SOLE 1 109,600 0 0
New Era of Networks COM 644312100 7724 114,000SOLE 1 114,000 0 0
NextLink Comm CL A 65333h707 2598 46,400SOLE 1 46,400 0 0
Novacare Employee SvCOM 66986q101 428 54,800SOLE 1 54,800 0 0
On Assignment COM 682159108 1497 58,400SOLE 1 58,400 0 0
Pacific Sunwear COM 694873100 10581 304,500SOLE 1 304,500 0 0
Parexel COM 699462107 236 11,400SOLE 1 11,400 0 0
Patriot Amer. HospitPAIRED C 703352203 2292 447,200SOLE 1 447,200 0 0
Paul Harris Stores COM 703555201 108 14,600SOLE 1 14,600 0 0
P-Com, Inc. COM 693262107 556 72,900SOLE 1 72,900 0 0
Pepsi Bottling GroupCOM 713409100 300 13,850SOLE 1 13,850 0 0
Peregrine Systems COM 71366q101 6701 199,300SOLE 1 199,300 0 0
Performance Tech. COM 71376k102 302 28,100SOLE 1 28,100 0 0
Pervasive Software COM 715710109 3046 170,400SOLE 1 170,400 0 0
Pinnacle Hldgs COM 72346n101 1820 120,300SOLE 1 120,300 0 0
PJ America COM 72585q104 1173 51,000SOLE 1 51,000 0 0
Power Integrations COM 739276103 8074 254,300SOLE 1 254,300 0 0
Powerwave Tech. COM 739363109 7386 260,300SOLE 1 260,300 0 0
Premiere Tech. COM 74058f102 154 13,500SOLE 1 13,500 0 0
Prepaid Legal Svcs COM 740065107 1830 74,700SOLE 1 74,700 0 0
Primus Telecomm COM 741929103 4770 471,100SOLE 1 471,100 0 0
Professional DetailiCOM 74312n107 215 8,200SOLE 1 8,200 0 0
Provant, Inc. COM 743724106 3125 174,800SOLE 1 174,800 0 0
PsiNet, Inc. COM 74437c101 10475 246,100SOLE 1 246,100 0 0
QRS, Inc. COM 74726X105 357 5,700SOLE 1 5,700 0 0
Quicksilver Inc COM 74838C106 5784 136,900SOLE 1 136,900 0 0
Racing Champions COM 750069106 197 17,900SOLE 1 17,900 0 0
Rent-A-Center COM 76009n100 483 16,800SOLE 1 16,800 0 0
Res-Care, Inc. COM 760943100 377 16,700SOLE 1 16,700 0 0
ResMed, Inc. COM 761152107 3766 133,300SOLE 1 133,300 0 0
ResortQuest Intl COM 761183102 1694 105,900SOLE 1 105,900 0 0
RF Micro Devices COM 749941100 3253 34,000SOLE 1 34,000 0 0
Sawtek, Inc. COM 805468105 3767 111,600SOLE 1 111,600 0 0
SCM Microsystems COM 784018103 1075 17,700SOLE 1 17,700 0 0
Secure Computing CorCOM 813705100 204 19,400SOLE 1 19,400 0 0
Security Dynamics TeCOM 814208104 272 14,600SOLE 1 14,600 0 0
Select Comfort COM 81616x103 449 16,100SOLE 1 16,100 0 0
Siebel Software, IncCOM 826170102 4793 100,900SOLE 1 100,900 0 0
Skywest, Inc. COM 830879102 2463 85,300SOLE 1 85,300 0 0
Smith-Gardner COM 832059109 424 30,000SOLE 1 30,000 0 0
SportsLine USA COM 848934105 3545 77,700SOLE 1 77,700 0 0
Star Telecomm COM 854923109 96 10,000SOLE 1 10,000 0 0
Summit Design, Inc. COM 86605u101 97 28,100SOLE 1 28,100 0 0
Summit Technology COM 868146101 3211 291,900SOLE 1 291,900 0 0
Superior Consultant COM 868146101 317 9,300SOLE 1 9,300 0 0
Tarrant Apparel GrouCOM 876289109 4784 113,900SOLE 1 113,900 0 0
TeleBanc Financial CCOM 87925R109 3772 47,300SOLE 1 47,300 0 0
Teligent CL A 87959Y103 2910 69,900SOLE 1 69,900 0 0
The Finish Line COM 317923100 243 18,900SOLE 1 18,900 0 0
TMP Worldwide Inc. COM 872941109 6890 106,300SOLE 1 106,300 0 0
Towne Services, Inc.COM 892148107 339 34,500SOLE 1 34,500 0 0
Tramell Crow Co. COM 89288r106 2293 123,950SOLE 1 123,950 0 0
Transaction Network COM 893414102 337 20,600SOLE 1 20,600 0 0
TransSwitch Corp. COM 894065101 7466 165,000SOLE 1 165,000 0 0
Travel Services IntlCOM 894169101 1244 118,500SOLE 1 118,500 0 0
TSI Intl Software COM 872879101 8830 180,900SOLE 1 180,900 0 0
U.S. Home & Garden COM 902939107 281 62,400SOLE 1 62,400 0 0
Univision Comm COM 914906102 6615 132,300SOLE 1 132,300 0 0
US Liquids Inc. COM 902974104 1147 54,300SOLE 1 54,300 0 0
Verio Inc. COM 923433106 8828 191,400SOLE 1 191,400 0 0
Verity Inc. COM 92343c106 3082 92,000SOLE 1 92,000 0 0
Vertex Pharma. COM 92532f100 260 10,300SOLE 1 10,300 0 0
VerticalNet, Inc. COM 92532l107 3366 32,400SOLE 1 32,400 0 0
Viatel Inc. COM 925529208 1921 67,400SOLE 1 67,400 0 0
Vignette Corp. COM 926734104 4282 56,900SOLE 1 56,900 0 0
Visual Networks COM 928444108 3001 80,300SOLE 1 80,300 0 0
Visx Inc. COM 92844s105 9466 88,000SOLE 1 88,000 0 0
Vivid Tech. COM 928538107 153 38,300SOLE 1 38,300 0 0
Waddell & Reed Fin. COM 930059100 2790 136,100SOLE 1 136,100 0 0
Webtrends Corp. COM 94844d104 4055 83,400SOLE 1 83,400 0 0
Wet Seal, Inc. COM 961840105 5347 145,000SOLE 1 145,000 0 0
Winstar Comm. COM 975515107 1272 35,000SOLE 1 35,000 0 0
Xircom COM 983922105 3168 126,100SOLE 1 126,100 0 0
Xomed Surgical ProduCOM 98412v107 3073 78,300SOLE 1 78,300 0 0
Xoom.com COM 98413f101 3340 49,800SOLE 1 49,800 0 0
Ziff_Davis Inc - ZDNCOM 989511209 594 16,500SOLE 1 16,500 0 0
TOTAL 672467
</TABLE>
