UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13f Cover Page
Report for the Calendar Year or Quarter Ended December 31, 1999
Beford Falls Investors, L.P.
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Name of Institutional Investment Manager
660 Madison Avenue New York New York 10021
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Business Address (Street) (City) (State) (Zip)
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, and tables, are considered integral parts of this form.
Name, Title and Telephone Number of Person Submitting Report:
Karen Finerman President (212) 486-8100
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Name (Title) (Phone)
Signature, Place and Date of Signing:
/s/Karen Finerman
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660 Madison Avenue
New York, New York 10021
02/14/00
Report Type:
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
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Form 13F SUMMARY PAGE
Number of Other Included Managers: None
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Form 13F Information Table Entry Total: 67
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Form 13F Information Table Value Total: $138,059,000
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
INFORMATION TABLE
BEFORD FALLS INVESTORS, L.P.
FORM 13F INFORMATION TABLE
AS OF DATE: 12/31/99
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ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
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>
AK Steel Holding Corp. COM 001547108 2259 119700 SH 119700 119700
America Online COM 02364J104 1160 15292 SH 15292 15292
American Home Products COM 026609107 785 20000 SH CALL 20000 20000
AT&T COM 001957109 1931 38000 SH PUT 38000 38000
AT&T COM 001957109 508 10000 SH 10000 10000
At Home Corp. COM 045919107 3172 73974 SH SERA 73974 73974
Atlantic Richfield COM 048825103 6271 72500 SH CALL 72500 72500
B.F. Goodrich & Co. COM 382388106 855 31080 SH 31080 31080
Boeing COM 097023105 1761 42500 SH CALL 42500 42500
Bogen Communications Int'l. COM 097189104 5751 825043 SH 825043 825043
Burlington Resources COM 122014103 228 6900 SH 6900 6900
Call Net Enterprises, Inc. COM 13091020 471 140500 SH CLB 140500 140500
Canadian Occidental Petroleum Lt COM 136420106 1772 90000 SH 90000 90000
CE Franklin Ltd. COM 125151100 1308 410300 SH 410300 410300
Columbus McKinnon Corp. COM 199333105 3544 350000 SH 350000 350000
Criimie Mae Inc. COM 226603108 127 88500 SH 88500 88500
Daimler Chrysler AG ORD 01668R123 4900 62823 SH 62823 62823
Desert Community Bank COM 25037Y109 597 28115 SH 28115 28115
Eshed Robotec 1982 Ltd. COM M4095C107 40 30000 SH 30000 30000
Exxon Mobil COM 30231G102 6380 79200 SH CALL 79200 79200
Forest Oil Corporation COM 346091606 758 57500 SH 57500 57500
General Dynamics COM 369550108 2110 40000 SH 40000 40000
Global Crossing Ltd. COM G3921A100 7165 143300 SH 143300 143300
Global Crossing Ltd. COM G3921A900 3588 71750 SH CALL 71750 71750
GST Telecom Inc. COM 361942105 2463 199000 SH 199000 199000
Howmet International Inc. COM 443208103 542 30000 SH 30000 30000
Isocor COM 464902105 662 15200 SH 15200 15200
Johnson & Johnson COM 478160904 1075 12600 SH CALL 12600 12600
Johnson & Johnson COM 478160904 4767 51120 SH 51120 51120
Kellstrom Industries, Inc. COM 488035106 1323 145000 SH 145000 145000
Kellstrom Industries, Inc. COM 488035106 137 15000 SH WNT 15000 15000
Lucent Technologies COM 549463107 2784 37125 SH 37125 37125
Manulife Financial Corp. COM 56501R106 2167 17000 SH 17000 17000
Mattel Inc. COM 577081102 695 52920 SH 52920 52920
MCI Worldcom COM 55268B106 6902 130081 SH 130081 130081
McKesson HBOC, Inc. COM 58155Q103 450 20000 SH 20000 20000
McKesson HBOC, Inc. COM 58155Q103 2250 100000 SH CALL 100000 100000
MediaOne Group COM 58440J104 5669 73800 SH CALL 73800 73800
Pharmacia & UpJohn COM 716941109 653 14500 SH CALL 14500 14500
Phillip Morris Companies, Inc. COM 718154107 2696 117200 SH CALL 117200 117200
Quintiles Transnational Corp COM 748767100 559 29888 SH 29888 29888
Revlon, Inc. COM 761525500 278 35000 SH PUT 35000 35000
Revlon, Inc. COM 751525500 278 35000 SH CLA 35000 35000
Reynolds Metals Co. COM 761762101 958 12500 SH PUT 12500 12500
Reynolds Metals Co. COM 761762101 958 12500 SH 12500 12500
Reynolds Metals Co. COM 761762101 4214 55000 SH CALL 55000 55000
Rite Aid Corp. COM 76775U104 779 70000 SH CALL 70000 70000
Roslyn Bancorp Inc. COM 778162107 1179 63755 SH 63755 63755
Scottish Power COM 81013T705 1142 150800 SH 150800 150800
TC Piplelines LP COM 87233Q108 571 40400 SH 40400 40400
Teltrend Inc. COM 87969R106 454 15000 SH 15000 15000
The Walt Disney Corp COM 254687106 3510 120000 SH CALL 120000 120000
Tyco International Ltd. COM 902124106 2448 62762 SH 62762 62762
US West COM 91273H101 2160 30000 SH 30000 30000
US West COM 91273H101 7920 110000 SH CALL 110000 110000
Veritas DGC Inc. COM 92343P107 910 65000 SH 65000 65000
Viacom Inc. CLB 925524308 2490 41200 SH CALL 41200 41200
Viskase Companies COM 92831R102 29 10400 SH 10400 10400
Vodafone Airtouch COM 92857T107 4529 91500 SH CALL 91500 91500
Vodafone Airtouch . COM 92857T107 1733 35000 SH 35000 35000
Warner-Lambert COM 934488107 4097 50000 SH CALL 50000 50000
Washington Mutual Inc. COM 939322103 5269 203616 SH 203616 203616
Westell Technologies COM 957541105 974 90600 SH 90600 90600
Westminster Capital COM 960631109 203 62500 SH 62500 62500
Wills Lease Finance Corp. COM 970646105 161 25000 SH 25000 25000
Wyndham International Inc. COM 983101106 338 115000 SH 115000 115000
York International Corp. COM 986670107 274 10000 SH 10000 10000
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