OMB APPROVAL
OMB Number: 3235-0006
Expires: February 28, 1994
Estimated average burden
hours per form 24.60
FORM 13F
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS PURSUANT TO SECTION
13(f) OF THE SECURITIES EXHANGE ACT OF 1934 AND RULES
THEREUNDER
Report for the Calendar Year or Quarter Ended ____March 31___, 19 99 .
(Please read instructions before preparing form.)
If amended report check here: ____
__Daniel R. Efroymson______________________________________________________
Name of Institutional Investment Manager
__445 North Pennsylvania Street, Suite 500, Indianapolis, Indiana 46204_
Business Address (Street) (City) (State) (Zip)
Name, Phone No., and Title of Person Duly Authorized to Submit This Report.
ATTENTION
Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
The institutional investment manager submitting this Form and its attachments
and the person by whom it is signed represent hereby that all information
contained therein is true, correct and complete. It is understood that all
required items, statements and schedules are considered integral parts of
this Form and that the submission of any amendment represents that all
unamended items, statements and schedules remain true, correct and complete
as previously submitted.
Pursuant to the requirements of Securities Exchange Act of 1934, the
undersigned institutional investment manager has caused this report to be
signed on its behalf in the City of _____Indianapolis ____ , and the State
of ____Indiana_________ on the ____5th______ day of ______May________, 19_99_.
_____Daniel R. Efroymson______________
(Name of Institutional Investment Manager)
____________________________________
(Manual Signature of Person Duly Authorized
to Submit This Report)
Name and 13F file numbers of ALL Institutional Investment Managers with respect
to which this schedule is filled (other than the one filing this report):
(List in alphabetical order).
13F File Numbers will be assigned to Institutional Investment Managers after
they file their first report.
Name: 13F File No.: Name: 13F File No.:
1. 6.
2. 7.
3. 8.
4. 9.
5. 10.
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C>
Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8:
Name of Title of CUSIP Fair Shares Investment Discretion Managers Voting Autho. Shares
Issuer Class Number Market of (a)Sole (b)Shared- (c)Shared- See Instr. (a)Sole (b)Shared (c)None
Value Principal As Defined Other V
Amount In Instr. V
Adaptec Inc. Common Stock 00651F-10-8 542 23,750 X 23,750
American Financial
Group Common Stock 025932-10-4 1,193 33,902 X 33,902
Arnold
Industries Common Stock 042595-10-8 8,925 600,000 X 600,000
Ameritech Common Stock 030954-10-1 922 16,000 X 16,000
Atlantic
Richfield Common Stock 048825-10-3 2,340 32,000 X 32,000
Ameriana
Bancorp Common Stock 023613-10-2 26 1,650 X 1,650
Boise Cascade
Corp Common Stock 097383-10-3 215 6,666 X 6,666
Bell
Atlantic Common Stock 077853-10-9 414 8,000 X 8,000
Browning Ferris
Industries Common Stock 115885-10-5 617 16,000 X 16,000
Bell South Common Stock 079860-10-2 962 24,000 X 24,000
BristolMyers Common Stock 110122-10-8 1,026 16,000 X 16,000
Berkshire
Hathaway Common Stock 084670-10-8 500 7 X 7
Biomet, Inc. Common Stock 090613-10-0 252 6,000 X 6,000
Conagra Inc. Common Stock 205887-10-2 513 20,000 X 20,000
Chubb Corp Common Stock 171232-10-1 3,162 54,000 X 54,000
Cendant Corp Common Stock 151313-10-3 159 10,000 X 10,000
CMAC Investment
Corp. Common Stock 125662-10-6 634 16,250 X 16,250
Consolidated
Products Common Stock 209798-10-7 1,012 57,826 X 57,826
DII Group,
Inc. Common Stock 232949-10-7 761 26,030 X 26,030
Dun & Bradstreet
Corp. Common Stock 26483B-10-6 314 8,800 X 8,800
Dover Corp Common Stock 260003-10-8 20 600 X 600
Duke Realty
Investment Common Stock 264411-40-6 44 2,040 X 2,040
First Alliance
Corp Common Stock 317936-10-2 63 17,250 X 17,250
Frozen Food
Express Common Stock 359360-10-4 177 27,759 X 27,759
First Indiana
Bank Common Stock 32054R-10-8 534 28,123 X 28,123
Guilford
Mills Common Stock 401794-10-2 172 19,687 X 19,687
GTE Corp. Common Stock 362320-10-3 478 7,900 X 7,900
Hanson PLC Common Stock 411352-40-4 160 3,634 X 3,634
Huntington
Bancshares Common Stock 446150-10-4 90 2,898 X 2,898
HSB Group,
Inc. Common Stock 40428N-10-9 10,358 279,000 X 279,000
Hewlett
Packard Common Stock 428236-10-3 1,105 16,300 X 16,300
Impath, Inc. Common Stock 45255G-10-1 25 1,000 X 1,000
Johnson &
Johnson Common Stock 478160-10-4 8,976 96,000 X 96,000
Kerr McGee
Corp Common Stock 492386-10-7 591 18,000 X 18,000
Kroger Common Stock 501044-10-1 12,933 216,000 X 216,000
Lilly
Industries Common Stock 532491-10-7 40 2,608 X 2,608
LiquiBox CorpCommon Stock 536314-10-7 218 4,500 X 4,500
Eli Lilly
& Co. Common Stock 532457-10-8 1,358 16,000 X 16,000
Leucadia Nat'l.
Corp. Common Stock 527288-10-4 23 750 X 750
Millenium
Chemicals Common Stock 599903-10-1 41 2,076 X 2,076
Marshall
Industries Common Stock 572393-10-6 486 36,000 X 36,000
Herman
Miller Inc. Common Stock 600544-10-0 2,628 144,000 X 144,000
Modern
Controls Common Stock 607556-10-7 60 13,219 X 13,219
Motorola Inc.Common Stock 620076-10-9 513 7,000 X 7,000
Merck & Co. Common Stock 589331-10-7 1,442 18,000 X 18,000
Microsoft
Corp. Common Stock 594918-10-4 2,689 30,000 X 30,000
MascoTech Common Stock 574670-10-5 1,488 96,000 X 96,000
Manitowoc Co Common Stock 563571-10-8 5,276 126,000 X 126,000
Mylan
LaboratoriesCommon Stock 628530-10-7 659 24,000 X 24,000
Milacron Inc Common Stock 598709-10-3 567 36,000 X 36,000
Newmont
Mining Common Stock 651639-10-6 961 54,916 X 54,916
Network
Assocs Inc Common Stock 640938-10-6 307 10,000 X 10,000
Nielsen Media
Research Common Stock 653929-30-7 72 2,933 X 2,933
Norfolk
Southern Common Stock 655844-10-8 1,424 54,000 X 54,000
Nucor Corp. Common Stock 670346-10-5 12,690 288,000 X 288,000
NW Natural
Gas Common Stock 667655-10-4 512 23,400 X 23,400
Ohio Casualty
Corp. Common Stock 677240-10-3 624 16,000 X 16,000
Ocwen
Financial Common Stock 675746-10-1 370 42,000 X 42,000
Bank One
Corp Common Stock 06423A-10-3 12,389 224,998 X 224,998
Occidental
Petroleum Common Stock 674599-10-5 172 9,570 X 9,570
Penn Virginia
Corp. Common Stock 707882-10-6 1,405 80,000 X 80,000
R.H.
Donnelley Common Stock 74955W-30-7 27 1,760 X 1,760
Reynolds Metals
Corp. Common Stock 761763-10-1 403 8,344 X 8,344
Reliastar
Corp. Common Stock 75952U-10-3 1,794 42,078 X 42,078
Russell Corp Common Stock 782352-10-8 3,606 179,200 X 179,200
IMS Health Common Stock 449934-10-8 583 17,600 X 17,600
Sigma Aldrich
Corp. Common Stock 826552-10-1 293 10,000 X 10,000
Sonoco Corp Common Stock 835495-10-2 64 2,772 X 2,772
Sysco Corp Common Stock 871829-10-7 118 4,500 X 4,500
Temple
Inland Common Stock 879868-10-7 2,510 40,000 X 40,000
TRW, Inc. Common Stock 872649-10-8 1,456 32,000 X 32,000
Time Warner
Inc. Common Stock 887315-10-9 20,394 288,000 X 288,000
Texas
Instruments Common Stock 882848-10-4 217 5,160 X 5,160
Union Pacific
Corporation Common Stock 907818-10-8 1,837 34,380 X 34,380
Union Pacific
Resources Common Stock 907834-10-5 346 29,118 X 29,118
US
Industries Common Stock 912080-10-8 36 2,179 X 2,179
Vishay Intertech
Inc. Common Stock 928298-10-8 578 39,887 X 39,887
MCI Worldcom
Inc. Common Stock 55268B-10-6 1,630 18,409 X 18,409
Wind River
Systems Common Stock 973149-10-7 80 4,500 X 4,500
Wabash National
Corp Common Stock 527288-10-4 142 12,250 X 12,250
</TABLE>
