SECURITIES AND EXCHANGE COMMISSION
FORM 13F-HR
NAME OF REPORTING MANAGER:
BEFORD FALLS INVESTORS, L.P.
Report for the Calendar Year or Quarter Ended: 9/30/99
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
11/15/99
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: 77
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Form 13F Information Table Value Total: 232,870,000
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<PAGE>
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F-E
NAME OF REPORTING MANAGER: BEDFORD FALLS INVESTORS, L.P.
<TABLE> <S> <C>
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
America Online COM 02364J104 795 7646 SH 7646 7646
Anadarko Petroleum Corp. COM 032511107 382 12500 SH 12500 12500
Armco Inc. COM 042170100 2621 375000 SH 375000 375000
ARV Assisted Living COM 00204C107 1374 549500 SH 549500 549500
At Home Corp. COM 045919107 3061 73974 SH 73974 73974
Atlantic Richfield CALL 048825103 9970 112500 SH 112500 112500
AT & T PUT 001957959 413 9500 SH 9500 9500
AXENT Technologies Inc. COM 05459C108 322 25000 SH 25000 25000
B.F. Goodrich & Co. COM 382388106 901 31080 SH 31080 31080
Boeing CALL 097023105 1812 42500 SH 42500 42500
Bogen Communications Int'l. COM 097189104 4125 825043 SH 825043 825043
BP Amoco PLC COM 055622104 1994 18000 SH 18000 18000
Cable & Wireless Communications COM G3152V104 1226 120000 SH 120000 120000
Call Net Enterprises Inc. COM 130910201 756 144300 SH 144300 144300
Canadian Occidental Petroleum COM 136420106 1646 90700 SH 90700 90700
Case Corp. CALL 14743R103 857 17200 SH 17200 17200
CE Franklin Ltd. COM 125151100 2052 410300 SH 410300 410300
Centocor Inc. COM 152342101 3803 65000 SH 65000 65000
Centocor Inc. CALL 152342101 2635 45000 SH 45000 45000
Columbus McKinnon Corp. COM 199333105 6281 366800 SH 366800 366800
Conoco COM 208251405 1662 60700 SH 60700 60700
Crimmie Mae COM 226603108 183 88500 SH 88500 88500
Daimler Chrysler COM 01668R123 4362 62823 SH 62823 62823
Desert Community Bank COM 25037Y109 699 29115 SH 29115 29115
Dun and Bradstreet Corp. COM 26483B106 1195 40000 SH 40000 40000
DuPont CALL 263534109 1210 20000 SH 20000 20000
Financial Services Acquisition Corp COM 31769Q108 42 15000 SH 15000 15000
First Midwest Bancorp COM 320867104 763 20000 SH 20000 20000
General Dynamics COM 369550108 2498 40000 SH 40000 40000
Global Crossing Ltd. COM G3921A100 4058 153500 SH 153500 153500
Global Crossing Ltd. CALL G3921A900 5204 196390 SH 196390 196390
Global Crossing Ltd. PUT G3921A950 270 102000 SH 102000 102000
GST Global Telecom Inc. COM 37934X100 2038 200000 SH 200000 200000
Hbancorporation Inc. COM 422045104 114 10000 SH 10000 10000
Highlands Ins. Gr. Inc. COM 431032101 1424 153900 SH 153900 153900
Highpoint Capital Corp. COM 430904102 482 88500 SH 88500 88500
Imasco Ltd. COM 452451701 538 20600 SH 20600 20600
Kellstrom Industries COM 488035106 1418 145000 SH 145000 145000
Life Technologies COM 532177201 277 7100 SH 7100 7100
Lucent Technologies COM 549463107 2408 37125 SH 37125 37125
Marvel Enterprises COM 57383M108 684 125800 SH 125800 125800
Mattel Inc. COM 577081102 1005 52920 SH 52920 52920
McKesson COM 58155Q103 580 20000 SH 20000 20000
McKesson CALL 58155Q103 2900 100000 SH 100000 100000
MediaOne Group CALL 58440J104 6749 98000 SH 98000 98000
Mobil Corp CALL 607059102 10075 100000 SH 100000 100000
MRV Communications, Inc. COM 553477100 591 25000 SH 25000 25000
National Westminster Bank COM 638539 291 12500 SH 12500 12500
Overseas Film Group WT 690337118 83300 166600 SH 166600 166600
Pacificorp COM 695114108 604 30000 SH 30000 30000
Pioneer Hi-Bred Int'l Inc. COM 723686101 3085 77500 SH 77500 77500
Poco Petroleum COM 730361102 2734 310000 SH 310000 310000
Quintiles Transnational Corp COM 748767100 568 29890 SH 29890 29890
Reynolds Metals Co. COM 76182K105 755 12500 SH 12500 12500
Reynolds Metals Co. CALL 761763101 3321 55000 SH 55000 55000
Reynolds Metals Co. PUT 761763951 755 35000 SH 35000 35000
Revlon, Inc. PUT 761763951 639 12500 SH 12500 12500
Rite Aid Corp. CALL 76775U104 956 70000 SH 70000 70000
Roslyn Bancorp Inc. COM 778162107 1140 63755 SH 63755 63755
Sprint COM 852061100 1492 27500 SH 27500 27500
Sprint CALL 852061100 1584 29200 SH 29200 29200
St. John Knits Int'l Inc. COM 79025Q107 243 11023 SH 11023 11023
TC Piplelines LP COM 87233Q108 670 37500 SH 37500 37500
The Walt Disney Corp CALL 254687106 3114 120000 SH 120000 120000
Tristar Aerospace Co. COM 89674L101 1103 180000 SH 180000 180000
Tyco International Ltd. COM 902124106 3240 31381 SH 31381 31381
US West COM 91273H101 1288 22600 SH 22600 22600
US West CALL 91273H101 4806 85000 SH 85000 85000
Ventas Inc. COM 92276F100 164 34600 SH 34600 34600
Veritas DGC Inc. COM 92343P107 289 15000 SH 15000 15000
Viacom B CALL 925524308 1741 41200 SH 41200 41200
Viskase Companies COM 92831R102 34 10400 SH 10400 10400
Vodafone Airtouch CALL 92857T107 870 366 SH 366 366
Vodafone Airtouch COM 92857T107 1664 7000 SH 7000 7000
Washington Mutual Inc. COM 939322103 5957 203666 SH 203666 203666
Westminster Capital COM 960631109 188 62500 SH 62500 62500
Worldcom COM 55268B106 6233 86721 SH 86721 86721
</TABLE>
