[TEXT] UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON DC 20549
FORM 13-F
FORM 13F COVER PAGE
REPORT OF THE CALENDAR YEAR OR QUARTER ENDED:
6/30/99
INSTITUTIONAL INVESTMENT MANAGER FILING THIS REPORT:
NAME: ARVEST ASSET MANAGEMENT
ADDRESS: P O BOX 1156
BARTLESVILLE OK 74005-1156
13F_FILE NUMBER 893879
THE INSTITUTION 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 INTERGRAL PARTS OF THIS"
FORM.
PERSON SIGNING THIS REPORT ON BEHALF OF REPORTING MANAGER:
NAME: SHERYL SWAYNE
TITLE: ASSISTANT VICE PRESIDENT
PHONE: 918-337-3497
"SIGNATURE, PLACE AND DATE OF SIGNING"
" SHERYL SWAYNE BARTLESVILLE, OK 7-26-99"
REPORT TYPE 13-F
I AM SIGNING THIS REPORT AS REQUIRED BY THE
SECURITIES AND EXCHANGE ACT OF 1934
<PAGE>
FORM 13F SUMMARY PAGE
NUMBER OF OTHER INCLUDED MANAGERS: 0
FORM 13F INFO TABLE ENTRY TOTAL: 207
FORM 13F INFO TABLE VALUE TOTAL: 325749
<PAGE>
<TABLE> <C> <C>
VALUE SHARE SH INVST ----VOTING AUTH---
NAME OF ISSUER -TITLE- CUSIP X$1000 PRN PR DSCRN SOLE SHA+K185 NONE
AT&T COM 001957109 7481 134039 SH SOLE 134039
AT&T COM 001957109 408 7305 SH SHARE 7305
ABBOTT LABS COM 002824100 637 14044 SH SOLE 14044
ABBOTT LABS COM 002824100 209 4600 SH SHARE 4600
AIRTOUCH COMM COM 00949T100 813 7551 SH SOLE 7351 200
AIRTOUCH COMM COM 00949T100 43 400 SH SHARE 400
ALLEGHNEY ENER COM 017361106 3414 106475 SH SOLE 105975 500
ALLEGHENY ENER COM 017361106 87 2700 SH SHARE 2700
ALLIED SIGNAL COM 019512102 550 8728 SH SOLE 8728
ALLIED SIGNAL COM 019512102 202 3208 SH SHARE 3208
ALLSTATE CORP COM 020002101 3732 104018 SH SOLE 103618 400
ALLSTATE CORP COM 020002101 123 3425 SH SHARE 3200 225
AMEREN CORP COM 023608102 355 9244 SH SOLE 9244
AMER HOME PROD COM 026609107 516 9000 SH SOLE 8200 800
AMER HOME PROD COM 026609107 298 5200 SH SHARE 1200 4000
AMERTECH COM 030954101 2396 32596 SH SOLE 32596
AMERTECH COM 030954101 280 3804 SH SHARE 3804
AMGEN INC COM 031162100 4273 70200 SH SOLE 70200
AMGEN INC COM 031162100 85 1400 SH SHARE 1400
ATLANTIC RICHFIELD COM 048825103 4421 52903 SH SOLE 52903
ATLANTIC RICHFIELD COM 048825103 100 1200 SH SHARE 1200
BP AMOCO PLC ADR 055622104 2519 23217 SH SOLE 23217
BP AMOCO PLC ADR 055622104 23 211 SH SHARE 211
BANKAMERICA CORP COM 06605F102 256 3490 SH SOLE 3490
BANKAMERICA CORP COM 06605F102 121 1644 SH SHARE 1644
BAXTER INTERNATL COM 071813109 3530 58233 SH SOLE 58233
BAXTER INTERNATL COM 071813109 73 1200 SH SHARE 1200
BELL ATLANTIC CORP COM 077853109 1724 26378 SH SOLE 26378
BELL ATLANTIC CORP COM 077853109 185 2826 SH SHARE 2826
BELLSOUTH CORP COM 079860102 2636 57147 SH SOLE 57147
BELLSOUTH CORP COM 079860102 433 9380 SH SHARE 9380
BESTFOODS COM 08658U101 206 4160 SH SOLE 4160
BESTFOODS COM 08658U101 14 280 SH SHARE 280
BOEING COMPANY COM 097023105 96 2182 SH SOLE 2182
BOEING COMPANY COM 097023105 202 4600 SH SHARE 1000 3600
BRISTOL MYERS SQUIBB COM 110122108 842 11960 SH SOLE 11960
BRISTOL MYERS SQUIBB COM 110122108 28 400 SH SHARE 400
BURLINGTON NTH SF COM 12189T104 301 9705 SH SOLE 9705
BURLINGTON NTH SF COM 12189T104 19 600 SH SHARE 600
CIGNA COM 125509109 3968 44580 SH SOLE 43980 600
CIGNA COM 125509109 98 1100 SH SHARE 1100
C&S WEST COM 152357109 252 10787 SH SOLE 10787
CHASE MANHATTAN COM 16161A108 5178 59862 SH SOLE 59862
CHASE MANHATTAN COM 16161A108 311 3600 SH SHARE 3600
CHEVRON COM 166751107 2671 28092 SH SOLE 28092
CHEVRON COM 166751107 114 1200 SH SHARE 1200
CITIGROUP INC COM 172967101 979 20613 SH SOLE 20613
CITIGROUP INC COM 172967101 89 1875 SH SHARE 1875
COASTAL CORP COM 190441105 4162 103400 SH SOLE 103400
COASTAL CORP COM 190441105 97 2400 SH SHARE 2400
COCA COLA COM 191216100 1756 28326 SH SOLE 28326
COCA COLA COM 191216100 62 1000 SH SHARE 1000
COLUMBIA FXD INC COM 197643109 97 7572 SH SOLE 7572
COLUMBIA FXD INC COM 197643109 59 4635 SH SHARE 1883 2752
CONGRA COM 205887102 3735 140270 SH SOLE 140270
CONGRA COM 205887102 85 3200 SH SHARE 3200
CONSOL EDISON COM 209115104 334 7382 SH SOLE 7382
DAYTON HUDSON COM 239753106 683 10500 SH SOLE 10500
DAYTON HUDSON COM 239753106 26 400 SH SHARE 400
WALT DISNEY COM 254687106 268 8700 SH SOLE 8700
DOLLAR GEN COM 256669102 688 23737 SH SOLE 23737
DOW CHEMICAL COM 260543103 295 2328 SH SOLE 2328
DOW CHEMICAL COM 260543103 38 300 SH SHARE 300
DUPONT COM 263534109 5080 74367 SH SOLE 74367
DUPONT COM 263534109 96 1400 SH SHARE 1400
EXXON COM 302290101 19720 255686 SH SOLE 254686 1000
EXXON COM 302290101 503 6516 SH SHARE 6516
FED INC FD #36 MUT FD 314199100 802 79612 SH SOLE 77015 2597
FED INC FD #36 MUT FD 314199100 542 53817 SH SHARE 46525 7292
FID INTRM FD #32 MUT FD 315912105 6754 677972 SH SOLE 677319 653
FID INTRM FD #32 MUT FD 315912105 123 12352 SH SHARE 12352
FID INV GRD FD #26 MUT FD 316146109 4767 674161 SH SOLE 673238 923
FID INV GRD FD #26 MUT FD 316146109 83 11712 SH SHARE 11712
FID S/t BD FD #450 MUT FD 316146208 1390 161599 SH SOLE 161599
FID S/t BD FD #450 MUT FD 316146208 8 961 SH SHARE 961
FID GNMA FD #15 MUT FD 31617K105 1829 173137 SH SOLE 172829 308
FID GNMA FD #15 MUT FD 31617K105 19 1827 SH SHARE 1827
FIRSTAR CORP COM 33763V109 217 7752 SH SOLE 7752
FORD MOTOR COM 345370100 3854 68292 SH SOLE 68292
FORD MOTOR COM 345370100 79 1400 SH SHARE 1400
FORTUNE BRANDS COM 349631101 368 8900 SH SOLE 8900
FORTUNE BRANDS COM 349631101 7 160 SH SHARE 160
GPU COM 36225X100 230 5450 SH SOLE 5450
GTE COM 362320103 803 10633 SH SOLE 10333 300
GTE COM 362320103 94 1244 SH SHARE 1244
GENERAL ELECTRIC COM 369604103 4492 39755 SH SOLE 38955 800
GENERAL ELECTRIC COM 369604103 289 2554 SH SHARE 2554
GENERAL MOTORS COM 370442105 263 3986 SH SOLE 3986
HEWLETT PACKARD COM 428236103 5872 58430 SH SOLE 58430
HEWLETT PACKARD COM 428236103 533 5300 SH SHARE 1700 3600
HUNT JB TRANS SVCS COM 445658107 317 19491 SH SOLE 19491
ILLINOIS TOOL WORKS COM 452308109 270 3300 SH SOLE 3300
INTEL COM 458140100 4946 83130 SH SOLE 83130
INTEL COM 458140100 218 3658 SH SHARE 3658
IBM COM 459200101 7568 58550 SH SOLE 58550
IBM COM 459200101 3359 25988 SH SHARE 25988
INTERNATL PAPER COM 460146103 4188 83340 SH SOLE 82740 600
INTERNATL PAPER COM 460146103 101 2000 SH SHARE 2000
INTERPUBLIC GRP COM 460690100 381 4394 SH SOLE 4394
JOHNSON & JOHNSON COM 478160104 4969 50700 SH SOLE 50700
JOHNSON & JOHNSON COM 478160104 188 1915 SH SHARE 1800 115
KANSAS CITY P&L COM 485134100 299 11745 SH SOLE 11745
KANSAS CITY P&L COM 485134100 6 250 SH SHARE 250
LOCKHEED MARTIN COM 539830109 3088 82890 SH SOLE 82890
LOCKHEED MARTIN COM 539830109 52 1400 SH SHARE 1400
LUCENT TECH COM 549463107 6644 98518 SH SOLE 98518
LUCENT TECH COM 549463107 439 6516 SH SHARE 6516
MFS ARK MUNI BD MUT FD 55273N400 262 26590 SH SOLE 26590
MARRIOTT INTL CL A COM 571903202 346 9250 SH SOLE 9250
MCDONALD'S COM 580135101 4328 105244 SH SOLE 105244
MCDONALD'S COM 580135101 107 2600 SH SHARE 2600
MEAD COM 582834107 4753 113836 SH SOLE 113836
MEAD COM 582834107 100 2400 SH SHARE 2400
MEDTRONIC COM 585055106 224 2870 SH SOLE 2870
MERCK & CO COM 589331107 358 4867 SH SOLE 4867
MERCK & CO COM 589331107 199 2700 SH SHARE 2700
MERRILL LYNCH COM 590188108 445 5600 SH SOLE 5600
MINN MINING & MFG COM 604059105 385 4423 SH SOLE 4223 200
MOBIL CORP COM 607059102 5641 57124 SH SOLE 56924 200
MOBIL CORP COM 607059102 495 5008 SH SHARE 5008
J P MORGAN & CO COM 616880100 263 1870 SH SOLE 1670 200
NATIONAL CITY COM 635405103 495 7558 SH SOLE 7558
NORFOLK SOUTHRN COM 655844108 401 13320 SH SOLE 13320
NUVEEN SLCT TF INC 3 SBI 67063X100 186 13000 SH SOLE 13000
ORACLE CORP COM 68389X105 4591 123672 SH SOLE 123672
ORACLE CORP COM 68389X105 100 2700 SH SHARE 2700
PPG INDUSTRIES COM 693506107 106 1798 SH SOLE 1798
PPG INDUSTRIES COM 693506107 142 2400 SH SHARE 2400
PEPSICO COM 713448108 4676 120854 SH SOLE 120050 804
PEPSICO COM 713448108 157 4065 SH SHARE 3800 265
PFIZER COM 717081103 331 3040 SH SOLE 3040
PFIZER COM 717081103 174 1600 SH SHARE 1600
PHILLIPS PETE COM 718507106 8019 159382 SH SOLE 159382
PHILLIPS PETE COM 718507106 1733 34438 SH SHARE 34438
PROCTOR & GAMBLE COM 742718109 6013 67370 SH SOLE 67370
PROCTOR & GAMBLE COM 742718109 80 900 SH SHARE 900
QUAKER OATS COM 747402105 219 3300 SH SOLE 3300
RAYTHEON CO CL B COM 755111408 127 1800 SH SOLE 1600 200
RAYTHEON CO CL B COM 755111408 425 6031 SH SHARE 6031
RELIASTAR FINL COM 75952U103 3458 79050 SH SOLE 79050
RELIASTAR FINL COM 75952U103 70 1600 SH SHARE 1600
TR PRICE INTERNTL BD MUT FD 77956H104 14 1556 SH SOLE 1556
TR PRICE INTERNTL BD MUT FD 77956H104 123 13395 SH SHARE 13395
RYDER SYS COM 783549108 3337 129600 SH SOLE 129600
RYDER SYS COM 783549108 64 2500 SH SHARE 2500
SBC COMM COM 78387G103 8629 148774 SH SOLE 148482 292
SBC COMM COM 78387G103 250 4318 SH SHARE 4318
SPDR TR COM 78462F103 4928 35970 SH SOLE 35970
SAFEWAY INC COM 786514208 4309 87050 SH SOLE 87050
SAFEWAY INC COM 786514208 99 2000 SH SHARE 2000
SARA LEE COM 803111103 206 9064 SH SOLE 9064
SARA LEE COM 803111103 59 2600 SH SHARE 2600
SCHERING-PLOUGH COM 806605101 210 4000 SH SOLE 4000
SCHERING-PLOUGH COM 806605101 79 1500 SH SHARE 1500
SEARS ROEBUCK COM 812387108 3614 81090 SH SOLE 81090
SEARS ROEBUCK COM 812387108 80 1800 SH SHARE 1800
SERVICEMASTER COM 81760N109 414 22093 SH SOLE 22093
SOUTHERN CO COM 842587107 476 17949 SH SOLE 17949
SOUTHERN CO COM 842587107 48 1800 SH SHARE 1800
SOUTHTRUST COM 844730101 3512 91510 SH SOLE 91510
SOUTHTRUST COM 844730101 81 2100 SH SHARE 2100
SPRINT CORP COM 852061100 4782 90224 SH SOLE 89824 400
SPRINT CORP COM 852061100 127 2400 SH SHARE 2400
SPRINT CORP PCS 1 COM 852061506 1325 23244 SH SOLE 23144 100
SPRINT CORP PCS 1 COM 852061506 34 600 SH SHARE 600
SUNSHINE M&R COM 867833105 13 33428 SH SHARE 33428
TRW INC COM 872649108 521 9488 SH SOLE 9488
TEXACO INC COM 881694103 5005 80247 SH SOLE 79847 400
TEXACO INC COM 881694103 186 2979 SH SHARE 2076 903
TEXAS UNTILITIES COM 882848104 210 5078 SH SOLE 5078
TEXTRON COM 883203101 317 3850 SH SOLE 3850
TRANSAMERICA COM 893485102 317 4228 SH SOLE 4228
TYCO INTL LTD COM 902124106 5242 55329 SH SOLE 55329
TYCO INTL LTD COM 902124106 104 1100 SH SHARE 1100
TYSON FOODS COM 902494103 1329 59057 SH SOLE 59057
UNICOM CORP COM 904911104 203 5267 SH SOLE 5267
U S WEST INC COM 91273H101 299 5083 SH SOLE 5083
VAN ADM S/T TREAS 12 MUT FD 921932208 1598 159979 SH SOLE 159979
VAN ADM S/T TREAS 12 MUT FD 921932208 1390 139133 SH SHARE 126165 12968
VAN ADM INTRMD TS 19 MUT FD 921932307 2719 265512 SH SOLE 265512
VAN ADM INTRMD TS 19 MUT FD 921932307 2236 218386 SH SHARE 210529 2831 5025
VAN GNMA FD #36 MUT FD 922031307 6603 655586 SH SOLE 652091 1042 2453
VAN GNMA FD #36 MUT FD 922031307 2335 231818 SH SHARE 221809 7561 2448
VANGUARD S/t FUND #39 MUT FD 922031406 721 67698 SH SOLE 65373 2325
VANGUARD S/t FUND #39 MUT FD 922031406 1119 105091 SH SHARE 95307 6965 2819
VAN INTRM-TM TE #42 MUT FD 922907209 744 57152 SH SOLE 57152
VAN INTRM-TM TE #42 MUT FD 922907209 340 26147 SH SHARE 23985 2162
WALMART STORES COM 931142103 53552 1109877 SH SOLE 1109877
WALMART STORES COM 931142103 408 8446 SH SHARE 6286 2160
WARNER LAMBERT CO COM 934488107 4161 60200 SH SOLE 60200
WARNER LAMBERT CO COM 934488107 83 1200 SH SHARE 1200
WESTERN RESOURCES COM 959425109 271 10181 SH SOLE 10181
WESTERN RESOURCES COM 959425109 3 100 SH SHARE 100
WILLIAMS COMPANIES COM 969457100 434 10200 SH SOLE 10200
WRIGLEY WM JR COM 982526105 404 4533 SH SOLE 4533
XEROX COM 984121103 4631 78402 SH SOLE 77802 600
XEROX COM 984121103 272 4600 SH SHARE 4600
S REPORT SUMMARY 197 DATA RECORDS 349505
</TABLE>
