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, 2000
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 March 31, 2000
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>
13F Summary Page
Report Summary:
Number of Other Included Managers: None
Form 13F Information Table Entry Total: 332
Form 13F Information Table Value Total: 5,858,300
List of Other Included Managers: None
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
ISSUER CLASS CUSIP VALUE SHS INVEST VOTG
DISCRET AUTH
Act Manuf Com 000973107 660 11,800 Sole Sole
AHL Svcs Com 001296102 163 16,100 Sole Sole
ATMI Com 00207R101 602 12,600 Sole Sole
Abgenix Com 00339B107 46,824 339,000 Sole Sole
Accrue Softw Com 00437w102 18,236 398,200 Sole Sole
Activision Com 004930202 1,344 111,400 Sole Sole
Actel Com 004934105 453 12,700 Sole Sole
Active Softw Com 00504E100 21,010 330,300 Sole Sole
Acxiom Com 005125109 35,215 1,059,100 Sole Sole
Adaptive Broad Com 00650m104 717 13,400 Sole Sole
Adv Fibre Comm Com 00754a105 25,075 400,000 Sole Sole
Adv Energy InduCom 007973100 20,497 401,900 Sole Sole
Advent Softw Com 007974108 20,912 455,850 Sole Sole
Agile Softw Com 00846X105 6,250 100,000 Sole Sole
AirGate PCS Com 009367103 46,948 445,000 Sole Sole
Akamai Tech Com 00971T101 18,493 115,000 Sole Sole
Albany MoleculaCom 012423109 485 8,300 Sole Sole
Alkermes Com 01642t108 315 3,400 Sole Sole
Allaire Com 016714107 22,688 300,000 Sole Sole
Allegiance Tel Com 01747t102 29,569 366,750 Sole Sole
Alpha Indus Com 020753109 38,105 401,100 Sole Sole
Alteon Web Com 02145a109 59,204 722,000 Sole Sole
Amer Eagle Out Com 02553e106 17,114 451,100 Sole Sole
Amer Tower Cl A 029912201 21,523 435,900 Sole Sole
Amer Supercon Com 030111108 9,067 203,750 Sole Sole
Amer Xtal Tech Com 030514103 356 11,000 Sole Sole
Ames Dept Com 030789507 295 12,000 Sole Sole
Anadigics Com 032515108 32,581 493,650 Sole Sole
Anaren Micro Com 032744104 211 2,200 Sole Sole
App Micro CircuCom 03822w109 49,985 333,092 Sole Sole
Applied Theory Com 03828R104 8,400 402,400 Sole Sole
Appnet Systems Com 03831Q101 22,043 469,000 Sole Sole
Arrowpoint CommCom 042810101 1,463 12,350 Sole Sole
Art Tech Com 04289L107 23,845 363,000 Sole Sole
Arthrocare Com 043136100 276 3,000 Sole Sole
Asyst Tech Com 04648x107 959 16,400 Sole Sole
Aurora BioSci Com 051920106 18,198 445,200 Sole Sole
Autoweb.com Com 053331104 8,701 1,210,600 Sole Sole
Aware Com 05453n100 40,570 1,011,100 Sole Sole
BISYS Com 055472104 845 12,700 Sole Sole
Be Free Com 073308108 4,035 183,400 Sole Sole
Bea Systems Com 073325102 96,833 1,319,700 Sole Sole
Bed Bath BeyondCom 075896100 29,972 761,200 Sole Sole
Bindview Dev Com 090327107 789 25,400 Sole Sole
Biomatrix Com 09060p102 6,552 269,500 Sole Sole
Blaze Softw Com 09347t109 14,458 507,300 Sole Sole
Blue Rhino Com 095811105 274 22,500 Sole Sole
Bright HorizonsCom 109195107 177 8,200 Sole Sole
Brio Tech Com 109704106 1,197 31,700 Sole Sole
Brocade Comm Com 111621108 67,422 376,000 Sole Sole
Brooks Auto Com 11434a100 394 6,300 Sole Sole
Business ObjectSpons ADR12328x107 53,004 532,700 Sole Sole
C-bridge InternCom 12500b105 13,965 245,000 Sole Sole
CEC Entert Com 125137109 338 12,450 Sole Sole
Calpine Com 131347106 18,800 200,000 Sole Sole
Caminus Com 133766105 994 49,700 Sole Sole
Candela Com 136907102 179 13,025 Sole Sole
CapRock Comm Com 140667106 1,338 27,300 Sole Sole
Career Educ Com 141665109 242 6,900 Sole Sole
Celestica Com 15101q108 30,866 581,700 Sole Sole
Celgene Com 151020104 468 4,700 Sole Sole
Cephalon Com 156708109 11,250 300,000 Sole Sole
Chattem Com 162456107 397 28,100 Sole Sole
CheckFree HldgsCom 162816102 12,274 174,100 Sole Sole
CIENA Com 171779101 24,746 196,200 Sole Sole
Citadel Comm Com 172853202 18,716 443,650 Sole Sole
Clarent Com 180461105 18,506 205,200 Sole Sole
Clarus Com 182707109 205 2,900 Sole Sole
Closure MedicalCom 189093107 305 11,600 Sole Sole
Cobalt Ntwks Com 19074R101 1,213 25,800 Sole Sole
Concentric NtwkCom 20589r107 28,980 526,900 Sole Sole
Com21 Com 205937105 28,355 603,300 Sole Sole
Copper MountainCom 217510106 60,019 732,500 Sole Sole
COR Thera Com 217753102 18,557 281,500 Sole Sole
Cost Plus Com 221485105 8,746 258,675 Sole Sole
Covad Comm Com 222814204 34,974 482,400 Sole Sole
Cox Radio Com 224051102 21,521 256,200 Sole Sole
Cree Com 225447101 53,796 476,600 Sole Sole
Critical Path Com 22674v100 36,890 434,000 Sole Sole
Crossroads Sys Com 22765d100 33,556 325,000 Sole Sole
Crown Castle InCom 228227104 22,127 584,200 Sole Sole
Cubist Pharma Com 229678107 29,417 702,500 Sole Sole
Cumulus Media Com 231082108 5,349 372,100 Sole Sole
Cybex Com 232522102 736 19,550 Sole Sole
Cymer Com 232572107 15,945 318,900 Sole Sole
Cysive Com 23281T108 35,158 513,250 Sole Sole
CYTYC Com 232946103 49,147 1,018,600 Sole Sole
Diamond Tech Com 252762109 385 5,850 Sole Sole
Digex Com 253756100 49,678 447,800 Sole Sole
Digital Micro Com 253859102 501 14,800 Sole Sole
Digital Island Com 25385n101 22,928 376,250 Sole Sole
Ditech Comm Com 25500M103 47,134 444,400 Sole Sole
DoubleClick Com 258609304 24,829 265,200 Sole Sole
DSL.Net Com 262506108 38,357 1,738,550 Sole Sole
Duane Reade Com 263578106 321 13,800 Sole Sole
EBenX Com 278668108 10,874 368,600 Sole Sole
Echostar Comm Com 278762109 84,641 1,071,400 Sole Sole
Efficient NtwksCom 282056100 138,984 892,350 Sole Sole
Electric LightwCom 284895109 1,378 57,700 Sole Sole
Emmis Comm Cl A 291525103 31,220 671,400 Sole Sole
Enron Com 293561106 79,233 1,058,200 Sole Sole
Entercom Comm Com 293639100 25,898 507,800 Sole Sole
Entrust Tech Com 293848107 25,974 305,300 Sole Sole
Epcos AG Ord 29410P107 19,650 150,000 Sole Sole
Eprise Com 294352109 213 13,500 Sole Sole
Espeed Com 296643109 30,393 580,300 Sole Sole
Exar Com 300645108 12,649 176,750 Sole Sole
Exchange Apps Com 300867108 73,027 1,379,900 Sole Sole
Extended Sys Com 301973103 748 6,800 Sole Sole
Exodus Comm Com 302088109 7,025 50,000 Sole Sole
Expedia Com 302125109 8,419 396,200 Sole Sole
Extensity Com 302255104 821 17,100 Sole Sole
Extreme Ntwk Com 30226d106 26,745 338,550 Sole Sole
Factory 2-U Com 303072102 8,680 347,200 Sole Sole
Faroudja Com 311643100 228 43,400 Sole Sole
FileNet Com 316869106 19,468 654,400 Sole Sole
Financial FederCom 317492106 7,226 397,300 Sole Sole
Firepond Com 318224102 29,620 723,550 Sole Sole
FIserv Com 337738108 11,606 312,100 Sole Sole
Forrester RsrchCom 346563109 20,059 369,750 Sole Sole
Forward Air Com 349853101 18,738 791,050 Sole Sole
Fossil Com 349882100 1,680 71,700 Sole Sole
Foundry Ntwks Com 35063R100 25,501 177,400 Sole Sole
Four Seasons Com 35100e104 30,805 683,600 Sole Sole
Gadzoox Ntwks Com 362555104 18,748 391,100 Sole Sole
Gilead SciencesCom 375558103 20,007 315,700 Sole Sole
Glenayre Tech Com 377899109 47,108 2,682,300 Sole Sole
Globespan Semi Com 379571102 68,186 668,900 Sole Sole
HNC Softw Com 40425p107 21,114 293,000 Sole Sole
Harbinger Com 41145c103 488 16,750 Sole Sole
Health Mgmt AssCom 421933102 19,950 1,400,000 Sole Sole
Hibbett SportinCom 428565105 183 8,900 Sole Sole
Hispanic Broad Cl A 43357B104 25,674 226,700 Sole Sole
Homestore.Com Com 437852106 27,515 564,400 Sole Sole
Hot Topic Com 441339108 515 14,700 Sole Sole
HotJobs.com Com 441474103 12,644 500,750 Sole Sole
ISS Com 450306105 95,029 815,700 Sole Sole
ITXC Com 45069f109 18,889 401,350 Sole Sole
Ibasis Com 450732102 10,426 253,900 Sole Sole
Immersion Com 452521107 23,232 387,200 Sole Sole
Informatica Com 45666Q102 47,670 620,600 Sole Sole
Info Hldgs Com 456727106 6,764 216,000 Sole Sole
Informix Com 456779107 27,825 1,642,800 Sole Sole
peutics SystemsCom 457191104 8,478 113,800 Sole Sole
Integral SystemCom 45810h107 8,100 200,000 Sole Sole
Integr Device TCom 458118106 34,379 867,600 Sole Sole
Integ Info Com 45817b103 320 14,700 Sole Sole
Interactive IntCom 45839M103 20,032 465,850 Sole Sole
Intercept Com 45845l107 415 16,100 Sole Sole
Interlink Elec Com 458751104 16,366 171,600 Sole Sole
Intermedia CommCom 458801107 28,988 600,000 Sole Sole
InterNAP Ntwk Com 45885A102 16,367 355,800 Sole Sole
Intranet SolutiCom 460939309 851 18,500 Sole Sole
Interwoven Com 46114t102 1,098 10,000 Sole Sole
Intraware Com 46118m103 16,004 387,400 Sole Sole
Jones Medical Com 480236108 378 12,450 Sole Sole
Kendle Intl Com 48880l107 224 20,600 Sole Sole
Keynote SystemsCom 493308100 798 7,800 Sole Sole
Knight/Trimark Com 499068104 29,621 580,800 Sole Sole
Krause's FurnitCom 500760202 176 45,400 Sole Sole
LTX Com 502392103 19,489 431,300 Sole Sole
Lam Research Com 512807108 49,398 1,096,200 Sole Sole
Lamar Advert Com 512815101 15,026 330,250 Sole Sole
Lattice Semi Com 518415104 880 13,000 Sole Sole
Leap Wireless Com 521863100 6,908 70,000 Sole Sole
LifeCell Com 531927101 324 47,100 Sole Sole
Lifeminders.comCom 53219h108 11,332 166,950 Sole Sole
Linens 'N ThingCom 535679104 206 6,000 Sole Sole
MMC Ntwks Com 55308n102 43,289 1,311,800 Sole Sole
Macrovision Com 555904101 2,136 24,800 Sole Sole
Macromedia Com 556100105 14,188 157,100 Sole Sole
Maxygen Com 577776107 7,545 115,750 Sole Sole
Macafee.Com Com 579062100 18,186 351,850 Sole Sole
McleodUSA Com 582266102 31,330 369,400 Sole Sole
Medarex Com 583916101 35,416 704,800 Sole Sole
Medicalogic Com 584642102 318 18,300 Sole Sole
Medicis Pharma Com 584690309 468 11,700 Sole Sole
MemberWorks Com 586002107 7,499 186,900 Sole Sole
Mens Wearhouse Com 587118100 338 11,400 Sole Sole
Mercator Softw Com 587587106 47,861 576,200 Sole Sole
Mercury InteracCom 589405109 34,474 435,000 Sole Sole
MetroOne TeleCoCom 59163f105 242 18,100 Sole Sole
Metrocall Com 591647102 26,966 2,696,600 Sole Sole
Metromedia FibeCl A 591689104 35,875 370,800 Sole Sole
Micros Systems Com 594901100 321 5,100 Sole Sole
Microsemi Com 595137100 5,370 156,800 Sole Sole
Millennium PharCom 599902103 15,493 119,289 Sole Sole
Mips Tech Com 604567107 35,455 637,400 Sole Sole
Molecular DevicCom 60851c107 1,435 18,700 Sole Sole
Monaco Coach Com 60886r103 190 10,000 Sole Sole
Monterey Pasta Com 612570101 58 13,700 Sole Sole
Multex.com Com 625367107 38,799 1,045,100 Sole Sole
MyPoints.com Com 62855T102 17,362 647,550 Sole Sole
NCO Com 628858102 217 6,800 Sole Sole
NanoMetrics Com 630077105 219 4,500 Sole Sole
National Info CCom 636491102 10,856 312,400 Sole Sole
Navisite Com 63935m109 29,634 243,400 Sole Sole
Netcentives Com 64108P101 9,567 318,900 Sole Sole
Netcreations Com 64110N102 5,313 125,000 Sole Sole
Netegrity Com 64110p107 26,554 387,650 Sole Sole
Netopia Com 64114k104 52,388 728,250 Sole Sole
Netro Com 64114R109 76,146 1,171,200 Sole Sole
Net IQ Com 64115p102 29,859 446,900 Sole Sole
Ntwk Appliance Com 64120l104 53,788 650,000 Sole Sole
Ntwk Solutions Com 64121q102 82,431 536,300 Sole Sole
Neurocrine BiosCom 64125c109 4,580 197,000 Sole Sole
Nextcard Com 65332k107 326 21,300 Sole Sole
Next Level CommCom 65333u104 53,886 495,500 Sole Sole
99 Cents Only Com 65440k106 20,174 513,999 Sole Sole
Noble Drilling Com 655042109 4,138 100,000 Sole Sole
Northpoint CommCom 666610100 6,919 300,000 Sole Sole
NVIDIA Com 67066g104 21,391 253,200 Sole Sole
Oak Tech Com 671802106 212 11,000 Sole Sole
On Assignment Com 682159108 1,652 36,700 Sole Sole
Optimal RoboticCom 68388r208 8,312 176,850 Sole Sole
Optio Softw Com 68389j106 6,155 487,500 Sole Sole
P-Com Com 693262107 435 23,500 Sole Sole
P.F. Changs Com 69333y108 222 6,700 Sole Sole
PLX Tech Com 693417107 1,352 36,300 Sole Sole
PMC-Sierra Com 69344f106 25,583 125,600 Sole Sole
PRI Automation Com 69357h106 251 4,100 Sole Sole
PSW Tech Com 69364j103 10,339 260,100 Sole Sole
Paging Ntwk Com 695542100 2,488 959,200 Sole Sole
Peregrine Sys Com 71366q101 42,652 636,000 Sole Sole
Perf Tech Com 71376k102 854 19,650 Sole Sole
Pericom Semi Com 713831105 237 6,650 Sole Sole
Pharmacyclics Com 716933106 1,108 19,900 Sole Sole
Pilot Ntwk SvcsCom 721596104 14,114 426,900 Sole Sole
Pinnacle Hldgs Com 72346n101 28,772 535,300 Sole Sole
Pivotal Com 72581r106 10,457 325,500 Sole Sole
Portal Softw Com 736126103 7,869 138,200 Sole Sole
Power Integ Com 739276103 35,905 1,436,200 Sole Sole
Powerwave Tech Com 739363109 33,613 268,900 Sole Sole
Prime Response Com 74158B100 2,554 167,450 Sole Sole
Primus KnowledgCom 74163Q100 45,997 534,850 Sole Sole
Primus TeleCommCom 741929103 27,131 524,900 Sole Sole
Priority HealthCom 74264t102 3,166 63,000 Sole Sole
Prof Detailing Com 74312n107 12,139 485,550 Sole Sole
Progenics PharmCom 743187106 6,650 95,000 Sole Sole
Proxicom Com 744282104 34,573 780,200 Sole Sole
PsiNet Com 74437c101 33,274 978,200 Sole Sole
QRS Com 74726X105 497 6,600 Sole Sole
QLogic Com 747277101 908 6,700 Sole Sole
Quest Softw Com 74834T103 282 2,500 Sole Sole
RSA Security Com 749719100 544 10,500 Sole Sole
RadiSys Com 750459109 475 7,900 Sole Sole
Ramp Ntwks Com 751567108 950 47,200 Sole Sole
Rare HospitalitCom 753820109 307 15,800 Sole Sole
RealNtwks Com 75605l104 23,276 408,800 Sole Sole
Redback Ntwks Com 757209101 50,899 169,700 Sole Sole
Regis Com 758932107 370 25,000 Sole Sole
Register.com Com 75914g101 16,190 232,950 Sole Sole
Remec Com 759543101 561 11,100 Sole Sole
ResMed Com 761152107 23,896 334,800 Sole Sole
SEI Invest Com 784117103 23,051 203,200 Sole Sole
Sagent Tech Com 786693101 30,907 1,072,700 Sole Sole
Sandisk Com 80004c101 7,350 60,000 Sole Sole
Sanmina Com 800907107 40,524 599,800 Sole Sole
Sapient Com 803062108 403 4,800 Sole Sole
Sawtek Com 805468105 23,858 453,900 Sole Sole
Scient Com 80864h109 34,293 378,150 Sole Sole
Scientific LearCom 808760102 9,397 366,700 Sole Sole
SeaChange Intl Com 811699107 614 9,964 Sole Sole
The Shaw Com 820280105 397 11,250 Sole Sole
Shop at Home Com 825066301 174 20,200 Sole Sole
Siebel Softw Com 826170102 45,446 380,500 Sole Sole
Silicon Labs Com 826919102 951 10,750 Sole Sole
Silicon StorageCom 827057100 16,415 222,200 Sole Sole
Silicon Image Com 82705T102 12,312 171,900 Sole Sole
Silknet Softw Com 827094103 17,906 172,900 Sole Sole
Silver Stream SCom 827907106 10,121 137,000 Sole Sole
Sirius SatellitCom 82966u103 8,550 150,000 Sole Sole
Sitel Com 82980k107 306 44,500 Sole Sole
Softw.Com Com 83402p104 23,288 180,700 Sole Sole
Somera Comm Com 834458101 153 12,600 Sole Sole
Sonic Foundry Com 83545r109 19,143 261,785 Sole Sole
SonicWALL Com 835470105 12,249 183,850 Sole Sole
Spanish Broad Cl A 846425882 15,250 650,250 Sole Sole
Spectrasite HldCom 84760T100 63,423 2,240,100 Sole Sole
SportsLine.com Com 848934105 1,316 44,700 Sole Sole
Student AdvantaCom 86386Q105 5,334 533,400 Sole Sole
Sunrise AssisteCom 86768k106 19,421 1,465,700 Sole Sole
Superior ConsulCom 868146101 212 12,600 Sole Sole
SurModics Com 868873100 1,400 50,900 Sole Sole
Sykes Enter Com 871237103 17,741 930,700 Sole Sole
TMP Worldwide Com 872941109 32,655 420,000 Sole Sole
Tanning Tech Com 87588p101 15,744 365,600 Sole Sole
Techne Com 878377100 9,488 137,500 Sole Sole
Teligent Cl A 87959y103 17,338 259,500 Sole Sole
Telocity Com 87971d103 806 65,150 Sole Sole
Teletch HoldingCom 879939106 21,359 619,100 Sole Sole
Teradyne Com 880770102 17,577 213,700 Sole Sole
Terayon Comm Com 880775101 23,514 114,700 Sole Sole
Tibco Softw Com 88632q103 12,592 154,500 Sole Sole
TMaster Online Com 88633p203 787 31,400 Sole Sole
Titan Com 888266103 337 6,600 Sole Sole
Towne Svcs Com 892148107 23 13,300 Sole Sole
TransSwitch Com 894065101 23,983 249,500 Sole Sole
Trex Com 89531p105 432 11,300 Sole Sole
Triquint Semi Com 89674K103 21,315 290,000 Sole Sole
Triton PCS Com 89677M106 22,768 381,050 Sole Sole
TurnStone Sys Com 900423104 11,006 95,700 Sole Sole
Tut Systems Com 901103101 8,372 140,550 Sole Sole
Tweeter Home Com 901167106 252 5,700 Sole Sole
24/7 Media Com 901314104 35,882 908,400 Sole Sole
UnitedGlobalComCom 913247508 20,942 279,000 Sole Sole
Univision Comm Com 914906102 29,516 261,200 Sole Sole
US InterNtwkingCom 917311805 12,381 319,500 Sole Sole
ValueVision IntCom 92047k107 6,628 160,200 Sole Sole
Ventiv Health Com 922793104 1,711 170,000 Sole Sole
Verio Com 923433106 1,356 30,100 Sole Sole
Viatel Com 925529208 14,063 280,200 Sole Sole
Viant Com 92553N107 5,025 150,000 Sole Sole
Vignette Com 926734104 21,145 131,950 Sole Sole
Virata Com 927646109 21,973 220,000 Sole Sole
Visible GeneticCom 92829S104 1,010 27,300 Sole Sole
Vitria Tech Com 92849Q104 30,874 306,250 Sole Sole
Waddell & Reed Com 930059100 18,110 428,000 Sole Sole
Watchguard TechCom 941105108 20,205 224,500 Sole Sole
Web Street Com 947336103 118 14,250 Sole Sole
Websense Com 947684106 723 15,050 Sole Sole
Weblink WirelesCom 94769a101 9,864 737,500 Sole Sole
Witness SystemsCom 977424100 3,637 119,750 Sole Sole
XM Satellite RaCl A 983759101 5,059 145,050 Sole Sole
Xcare.Net Com 98388y101 2,993 208,200 Sole Sole
Zoll Medical Com 989922109 477 9,300 Sole Sole
Annuity and LifOrd g03910109 247 9,500 Sole Sole
Audiocodes Ord M15342104 32,431 323,100 Sole Sole
Check Point SofOrd m22465104 61,035 356,800 Sole Sole
Gilat SatelliteOrd M51474100 33,967 289,700 Sole Sole
M-Systems FlashOrd M7061C100 9,726 183,500 Sole Sole
Orckit Comm Com M7531S107 31,604 471,700 Sole Sole
</TABLE>
