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 new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Beacon Investment Company
Address: 201 S. Main Street
Suite 200
Ann Arbor, MI 48104
13F File Number: 28-3155
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: Audrey L. Johnson
Title: Chief Financial Officer
Phone: 734-662-1200
Signature, Place, and Date of Signing:
Audrey L. Johnson Ann Arbor, Michigan May 7, 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: 44
Form 13F Information Table Value Total: $235717
List of Other Included Managers:
No. 13F File Number Name
<PAGE>
<TABLE>
FORM
13F INFORMATION TABLE
VALUE
SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN
AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -----
- --- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C>
<C> <C> <C> <C> <C> <C> <C>
AES Corp COMMON STOCK 00130H105 13995
375696 SH SOLE 118541 257155
American Tel & Tel COMMON STOCK 001957109 1039
13015 SH SOLE 7650 5365
Anheuser Busch COMMON STOCK 035229103 1819
23900 SH SOLE 4600 19300
Associates First Capital Corp COMMON STOCK 046008108 9316
207030 SH SOLE 66780 140250
Avon Products Inc COMMON STOCK 054303102 11481
243945 SH SOLE 77840 166105
BMC Software COMMON STOCK 055921100 5585
150698 SH SOLE 52943 97755
Banc One Corp COMMON STOCK 059438101 344
6239 SH SOLE 6109 130
Borders Group COMMON STOCK 099709107 13831
983567 SH SOLE 293087 690480
Cendant Corp COMMON STOCK 151313103 5901
370231 SH SOLE 124192 246039
Cisco Systems COMMON STOCK 17275R102 8967
81843 SH SOLE 29080 52763
Disney Walt COMMON STOCK 254687106 227
7300 SH SOLE 400 6900
Ecolab Inc COMMON STOCK 278865100 211
5950 SH SOLE 800 5150
Emerson Electr Co COMMON STOCK 291011104 226
4267 SH SOLE 1167 3100
Enron Corp COMMON STOCK 293561106 9572
148985 SH SOLE 49060 99925
Freddie Mac COMMON STOCK 313400301 8191
142910 SH SOLE 46995 95915
GTE Corp COMMON STOCK 362320103 8054
133130 SH SOLE 43610 89520
General Elec Co COMMON STOCK 369604103 371
3351 SH SOLE 920 2431
Gillette COMMON STOCK 375766102 398
6700 SH SOLE 6700
H & R Block Inc COMMON STOCK 093671105 8077
170490 SH SOLE 56890 113600
Household Intl COMMON STOCK 441815107 9995
219076 SH SOLE 70748 148328
IMS Health Inc COMMON STOCK 449934108 4622
139530 SH SOLE 49320 90210
Intel Corp COMMON STOCK 458140100 4246
35715 SH SOLE 11210 24505
International Game Tech COMMON STOCK 459902102 5301
362452 SH SOLE 113582 248870
Interpublic Group Cos Inc COMMON STOCK 460690100 382
4900 SH SOLE 2700 2200
Johnson & Johnson COMMON STOCK 478160104 9314
99610 SH SOLE 32680 66930
Kroger Co COMMON STOCK 501044101 6463
107940 SH SOLE 31725 76215
Linear Tech COMMON STOCK 535678106 256
5000 SH SOLE 5000
Lowe's Companies Inc COMMON STOCK 548661107 1416
23400 SH SOLE 23400
Lucent Technologies Inc COMMON STOCK 549463107 271
2505 SH SOLE 2505
MBNA Corp COMMON STOCK 55262L100 10969
459446 SH SOLE 153543 305903
MCI Worldcom Inc COMMON STOCK 55268B106 8404
94895 SH SOLE 32560 62335
McDonald's Corp COMMON STOCK 580135101 489
10800 SH SOLE 10800
Microsoft Corp COMMON STOCK 594918104 295
3290 SH SOLE 1440 1850
Minerals Technologies COMMON STOCK 603158106 7253
151099 SH SOLE 47589 103510
Pepsico COMMON STOCK 713448108 4702
119983 SH SOLE 38013 81970
Pfizer COMMON STOCK 717081103 1240
8940 SH SOLE 610 8330
Philip Morris COMMON STOCK 718154107 9862
280262 SH SOLE 90790 189472
Pitney Bowes COMMON STOCK 724479100 8552
134146 SH SOLE 44006 90140
Procter & Gamble Co COMMON STOCK 742718109 203
2075 SH SOLE 225 1850
QualComm Inc COMMON STOCK 747525103 20767
166973 SH SOLE 51543 115430
Sterling Commerce Inc COMMON STOCK 859205106 7265
236260 SH SOLE 77960 158300
Tingyi (Cayman Islands) COMMON STOCK G8878S103 0
12000 SH SOLE 12000
Warner-Lambert COMMON STOCK 934488107 5271
79565 SH SOLE 28110 51455
Fidelity Advisor Balanced Clas MUTUAL FUNDS 315807867 575
30386.209SH SOLE 30386.209
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