SECURITIES AND EXCHANGE COMMISSION
FORM 13F-HR
NAME OF REPORTING MANAGER:
BEFORD FALLS INVESTORS, L.P.
Report for the Calendar Year or Quarter Ended: 3/31/99
Institutional Investment Manager: BEDFORD FALLS INVESTORS, L.P.
I REPRESENT THAT I AM AUTHORIZED TO SUBMIT THIS FORM AND THAT ALL INFORMATION IN
THIS FORM AND THE ATTACHMENTS TO IT ARE TRUE, CORRECT AND COMPLETE, AND I
UNDERSTAND THAT ALL REQUIRED ITEMS, STATEMENTS AND SCHEDULES ARE 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.
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
Name, Title and Telephone Number of Person Submitting Report:
Karen Finerman, President
(212) 486-8100
Signature, Place and Date of Signing:
/s/Karen Finerman
New York, New York
5/14/99
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REPORT SUMMARY:
Number of Other Included Managers: None
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List of Other Included Managers: None
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Form 13F Information Table Entry Total: 66
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Form 13F Information Table Value Total: 125,893,000
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PORTVUE-SEC13F.LNP BEDFORD FALLS INVESTORS, L.P. PAGE 2
FORM 13F INFORMATION TABLE
AS OF DATE: 03/31/99
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
MANAGERS
NAME OF ISSUER TITLE OFCUSIP NUMBER FAIR MARKET SHARES OR a)SOLE c)NONE a)SOLE b)SHARED AS c)SHARED
CLASS VALUE ($) PRINCIPAL (b)SHARED DEFINED BY OTHER
AMOUNT INSTR. V
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ARV ASSISTED LIVING COM 00204C100 2164 549500 549500 549500
AIRTOUCH COMMUNICATION COM 00949T100 1353 14000 14000 14000
AIRTOUCH COMMUNICATION CALL 00949T900 3536 36600 36600 36600
AMERICA ON LINE, INC. PUT 02364J100 1314 10300 10000 10300
AMP, INC. COM 031897101 2236 41800 41800 41800
AMP, INC. CALL 031897901 8346 156000 156000 156000
ASCEND COMMUNICATIONS COM 043491109 3557 42500 42500 42500
ATLANTIC RICHFIELD CO. CALL 048825903 3108 42500 42500 42500
BOGEN COMUNICATIONS INSTL INC. COM 097189104 5012 825043 825043 825043
BOEING CALL 097023905 1445 42500 42500 42500
BP AMOCO PLC COM G127931018 1817 18000 18000 18000
CALL NET ENTERPRISES INC. COM 13091010CO 819 94300 94300 94300
CE FRANKLIN LTD COM 125151100 1068 462100 462100 462100
COAST FEDERAL CONT. COM 19034Q102 956 168100 168100 168100
COLTEC INDS INC. COM 196879100 1009 55000 55000 55000
COLUMBUS McKINNON CORP. COM 199333105 7244 366800 366800 366800
CRIMMIE MAE COM 226603108 237 88500 88500 88500
CYTEC INDUSTRIES, INC. COM 232820100 335 15000 15000 15000
DAIMLER CHRYSLER COM D1668R123 5391 62823 62823 62823
DANIEL INDUSTRIES INC. COM 236235107 496 32500 32500 32500
DESERT CMNTY BK VICTORVILLE CA COM 25037Y109 640 29115 29115 29115
DUNDEE BANCORP (CL.A) COM 26490110C0 1862 184500 184500 184500
EXCITE INC. COM 300904109 3850 27500 27500 27500
MAXCOR FINANCIAL GROUP COM 57772G100 19 15000 15000 15000
FIRST MIDWEST BANCORP COM 320867104 1125 30000 30000 30000
FOREST OIL CORP COM 346091606 487 65000 65000 65000
GST GLOBAL TELECOM INC COM 361942105 1339 315000 315000 315000
GLOBAL INDUSTRIAL TECH COM 379335102 1556 150000 150000 150000
HBANCORPORATION INC. COM 422045104 122 10000 10000 10000
HIGHLANDS INS GROUP INC COM 431032101 2246 212600 212600 212600
HIGHPOINT CAPITAL CORP. COM 430904102 478 88500 88500 88500
HOYTS CINEMAS COM Q47447100 524 400000 400000 400000
INVESTMENT PROPERTIES ASSOC. COM 461430100 1436 22750 22750 22750
KELLSTROM IND INC COM 488035106 2302 145006 145000 145000
LIFE TECHNOLOGIES COM 532177201 245 7100 7100 7100
MEDIAONE GROUP CALL 58440J904 5633 88000 88800 88800
MOBIL CORP. CALL 607059902 7832 75000 75000 75000
MONY GROUP COM 615377102 373 15000 15000 15000
MORTON INTERNATIONAL COM 619335100 735 20000 20000 20000
MOVIEFONE INC. CL-A COM 624598108 1076 22900 22900 22900
NORTHSTAR ENERGY CORP. COM 66703R30C 662 24018 24018 24018
OVERSEAS FILM GROUP COM 690337100 42 166600 166600 166600
DUNDEE BANCORP (CL.A) COM 26490110C0 1862 184500 184500 184500
PATINA OIL & GAS CORP COM 703224105 215 53727 53727 53727
PAYMENTECH INC. COM 704384106 940 40000 40000 40000
PHARMACEUTICAL MARKETING COM 717123103 2284 150300 150300 150000
PLATINUM TECH INTL COM 72764T100 507 20000 20000 20000
RJR NABISCO HOLDINGS COM 74960K876 875 35000 35000 35000
RITE AID CORP. CALL 767754904 1750 70000 70000 70000
ROSLYN BANCORP INC. COM 778162107 1076 63755 63755 63755
ST. JOHNS KNIT CALL 790289902 857 32500 32500 32500
ST. LAURENT PAPER BOARD COM 79090710C 1099 125000 125000 125000
TORONTO DOMINION CALL 891160909 2973 42500 42500 42500
UCBH HOLDINGS, INC. COM 90262T308 1331 100000 100000 100000
UNIHOST CORP. COM 90492210CO 345 82500 82500 82500
UNOVA INC. COM 91529B106 626 47500 47500 47500
VLSI TECHNOLOGY, INC. CALL 918270909 647 33300 33300 33300
VLSI TECHNOLOGY, INC. COM 918270109 1816 95000 95000 95000
VENTAS INC COM 92276F100 208 34600 34600 34600
VIACOM B CALL 935524908 864 20600 20600 20600
VISKASE COMPANIES COM 92831R102 119 35400 35400 35400
WASHINGTON MUTUAL COM 939322103 8325 203666 203666 203666
WESTERN SIERRA BANCORP COM 959522103 156 10000 10000 10000
WESTMINSTER CAP INC COM 960631109 445 136900 136900 136900
PATINA OIL & GAS CORP COM 703224105 215 53727 53727 53727
WHITTAKER CORP. COM 966680400 3730 170000 170000 170000
WORLDCOM (MCI) COM 55268B100 7680 86271 86271 86271
YOUNG BROADCASTING INC COM 987434107 796 17500 17500 17500
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REPORT SUMMARY 66 DATA RECORDS 125893 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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