UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
ALL INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS PURSUANT TO
SECTION 13(F) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES THEREUNDER
Report for the Calender Year or Quarter Ended 3/31/99
Check here if Amendment [ ];
Amendment Number: ____
This Amendment (Check only one.):
[ ] is a restatement. [ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Payden & Rygel
Address: 333 South Grand Avenue
Los Angeles, CA 90071
13F File Number: 28-____________
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: Edward S. Garlock
Title: Secretary
Phone: 213-625-1900
Signature, Place, and Date of Signing:
/s/
Los Angeles, CA
5/7/99
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and
all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
List of Other Managers Reporting for this Manager:
NONE
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 55
Form 13F Information Table Value Total: $137,453
List of Other Included Managers:
NONE
<TABLE>
<CAPTION>
Title of Value Shares/ SH/ Put/ Invstmnt Other Voting Authority
Name of Issuer Class CUSIP (x$1000) PRN AMT PRN Call Dscrtn Managers Sole Shared None
- -------------- ----- ----- -------- ------- --- ---- -------- -------- ---- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Adaptec Inc CMN 00651F108 248 10,890 SH SOLE 248
Advantica Rest Grp CMN 00758B109 61 12,120 SH SOLE 61
Apple Computer CMN 037833100 775 21,560 SH SOLE 775
Apria Healthcare Grp CMN 037933108 218 18,320 SH SOLE 218
At&t CMN 001957109 11,261 141,094 SH SOLE 11,261
Aztar Corp CMN 054802103 94 19,630 SH SOLE 94
Bethlehem Steel CMN 087509105 180 21,780 SH SOLE 180
Boise Cascade Office P. CMN 097403109 202 18,170 SH SOLE 202
Capstead Mortgage CMN 14067E100 134 24,950 SH SOLE 134
Cardinal Health Inc CMN 14149Y108 1,020 15,450 SH SOLE 1,020
Caterpillar Inc CMN 149123101 9,723 211,660 SH SOLE 9,723
Charming Shoppes CMN 161133103 97 25,100 SH SOLE 97
Chevron Corp. CMN 166751107 12,789 144,606 SH SOLE 12,789
Cirrus Logic Inc CMN 172755100 83 13,060 SH SOLE 83
Commonwealth Indutries CMN 203004106 120 13,290 SH SOLE 120
Compucom Systems CMN 204780100 55 18,590 SH SOLE 55
Consolidated Freightways CMN 209232107 117 9,960 SH SOLE 117
Cordiant Communications CMN 218514206 149 11,470 SH SOLE 149
Credit Acceptance Corp CMN 225310101 95 16,700 SH SOLE 95
Danaher Corp CMN 235851102 597 11,430 SH SOLE 597
Du Pont (e.i.) De Nemours CMN 263534109 10,226 176,114 SH SOLE 10,226
Duke Realty Investments CMN 264411505 474 22,040 SH SOLE 474
Eastman Kodak CMN 277461109 11,080 173,460 SH SOLE 11,080
Ensco International Inc CMN 26874Q100 365 27,400 SH SOLE 365
Exxon Corp. CMN 302290101 11,975 169,713 SH SOLE 11,975
General Motors CMN 370442105 14,821 170,600 SH SOLE 14,821
Goodyear Tire CMN 382550101 2,775 55,700 SH SOLE 2,775
Hasbro CMN 418056107 566 19,560 SH SOLE 566
Health Management Assocts CMN 421933102 126 10,330 SH SOLE 126
Hertz Corp CL A 428040109 507 9,480 SH SOLE 507
International Paper Co. CMN 460146103 8,010 189,861 SH SOLE 8,010
J.p. Morgan & Company CMN 616880100 12,632 102,385 SH SOLE 12,632
Johns Manville CMN 478129109 519 30,110 SH SOLE 519
Laboratory Crp Of Amer Hlds CMN 50540R102 94 53,990 SH SOLE 94
Mackenzie Financial Corp CMN 554531103 217 18,050 SH SOLE 217
Merck & Co., Inc. CMN 589331107 437 5,450 SH SOLE 437
Methanex Corp CMN 59151K108 55 16,960 SH SOLE 55
Minnesota Mining And Manu. CMN 604059105 10,945 154,705 SH SOLE 10,945
Morton International Inc CMN 619335102 369 10,030 SH SOLE 369
National Steel Corp CMN 637844309 98 11,900 SH SOLE 98
Patriot Amer Hosp Inc CTF 703352203 105 20,420 SH SOLE 105
Perrigo Company CMN 714290103 313 43,110 SH SOLE 313
Phillip Morris Companies CMN 718154107 9,302 264,369 SH SOLE 9,302
Protection One Inc CMN 743663304 93 14,810 SH SOLE 93
Quantum Corp CMN 747906105 483 26,850 SH SOLE 483
Quest Diagnostics Inc CMN 74834L100 303 13,620 SH SOLE 303
Reinsurance Group Of America CMN 759351109 543 12,765 SH SOLE 543
Silicon Graphics Inc CMN 827056102 359 21,540 SH SOLE 359
Storage Tech Corp CMN 862111200 348 12,470 SH SOLE 348
Terra Industries CMN 880915103 76 16,740 SH SOLE 76
The Reynolds & Reynolds Corp CL A 761695105 276 14,540 SH SOLE 276
Thermo Instrument Systems CMN 883559106 320 22,190 SH SOLE 320
Walter Industries Inc CMN 93317Q105 160 14,220 SH SOLE 160
Wang Laboratories CMN 93369N109 206 10,500 SH SOLE 206
Wellpoint Health Network CMN 94973H108 257 3,390 SH SOLE 257
</TABLE>
