O REILLY AUTOMOTIVE INC
4, 1999-04-09
AUTO & HOME SUPPLY STORES
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 4

OMB APPROVAL
OMB Number:  3235-0287
Expires:  September 30, 1998
Estimated average burden hours per response:  .5

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities  Exchange Act of 1934, Section
17(a) of the Public Utility  Holding Company Act of 1935 or Section 30(f) of the
Investment Company Act of 1940

[   ] Check here if no longer subject to Section 16.  Form 4 or Form 5
      obligations may continue.  See Instruction 1(b).

1. Name and Address of Reporting Person*
   Last, First, Middle:  O'Reilly, Jr., Charles H.
   Street: 233 South Patterson
   City, State, Zip:  Springfield, MO  65802
2. Issuer Name and Ticker or Trading Symbol:  O'Reilly Automotive, Inc.  (ORLY)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year:  March 1999
5. If Amendment, date of original, month/year
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
   [X ] Director     [  ] 10% Owner
   [X ] Officer (give title below)     [  ] Other(specify below)
   Officer Title:  Chairman of the Board
7. Individual or Joint/Group Filing (Check Applicable Line)
   [X ] Form filed by One Reporting Person
   [  ] Form filed by More than One Reporting Person

*  If the form is  filed by more  than one  reporting  person,  see  Instruction
   4(b)(v).

TABLE I --  Non-Derivative  Securities  Acquired,  Disposed of, or  Beneficially
Owned
<TABLE>
<CAPTION>
                                                      4.
                                                      Securities Acquired (A)      5.               6.
                                       3.             Disposed of (D)              Amount of        Ownership    7.
                                       Transaction    (Instr. 3, 4 and 5)          Securities       Form:        Nature of
                        2.             Code           ---------------------------- Beneficially     Direct (D)   Indirect
1.                      Transaction    (Instr. 8)                     (A)          Owned at         or Indirect  Beneficial
Title of Security       Date           -------------    Amount        or   Price   End of Month     (I)          Ownership
(Instr. 3)              (mm/dd/yy)      Code      V                   (D)          (Instr. 3 and 4) (Instr. 4)   (Instr. 4)
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                     <C>             <C>      <C>    <C>           <C>  <C>     <C>               <C>         <C>
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock            3/31/99         M               100,000        A   13.125         
                        3/31/99         S               100,000        D   37.25    595,148           D
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock                                                                        515,265           I          As trustee for
                                                                                                                 reporting person's 
                                                                                                                 children
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock                                                                         63,564           I          As custodian for
                                                                                                                 reporting person's
                                                                                                                 minor son
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock                                                                        196,418           I          By spouse
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock                                                                         35,000           I          As general partner
                                                                                                                 of family limited
                                                                                                                 partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock                                                                          2,062           I          401(k) plan
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Reminder:  Report on a separate line for each class of securities beneficially
owned directly or indirectly.
                                                                    (over)

<PAGE>

FORM 4 (continued)

Table II -- Derivative  Securities Acquired,  Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

<TABLE>
<CAPTION>

- ------------------------------------------------------------------------------------------------------------------------------------
1.            2.       3.       4.        5.             6.               7.               8.       9.        10.        11.
Title of      Conver-  Trans-   Trans-    Number of      Date             Title and Amount Price    Number    Owner-     Nature
Derivative    sion or  action   action    Derivative     Exercisable and  of Underlying    of       of deriv- ship       of
Security      Exer-    Date     Code      Securities     Expiration       Securities       Deriv-   ative     Form of    Indirect
(Instr. 3)    cise              (Instr.   Acquired (A)   Date             (Instr. 3 and 4) ative    Secur-    Deriv-     Benefi-
              Price    (Month/  8)        or Disposed                     ---------------- Secur-   ities     ative      cial
              of       Day/               of (D)         (Month/Day/Year) Title    Amount  ity      Bene-     Security:  Owner-
              Deriv-   Year)              (Instr. 3,                               or      (Instr.  ficially  Direct     ship
              ative                       4, and 5)      Date     Expira-          Number  5)       Owned     (D) or     (Instr.4) 
              Secur-            --------  -------------  Exer-    tion             of               at End    Indirect
              ity               Code  V    (A)    (D)    cisable  Date             Shares           of Month  (I)
                                                                                                    (Instr.4) (Instr. 4)           
- ------------------------------------------------------------------------------------------------------------------------------------
<S>           <C>      <C>      <C>  <C>   <C>    <C>    <C>      <C>     <C>      <C>     <C>      <C>        <C>        <C>
- ------------------------------------------------------------------------------------------------------------------------------------
Employee
stock 
options with
tandem with-
holding                                                                    Common
right         $13.125  3/31/99   Z                 D     4/22/95  4/22/99  Stock   100,000 37.25     100,000    D 
(right to
buy)
- ------------------------------------------------------------------------------------------------------------------------------------
Employee
stock
options with
tandem with-
holding                                                                    Common
right         $24.500                                   12/01/98* 12/01/02 Stock    15,000            15,000    D
(right to
buy)
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

Explanation of Responses:

All share ending  balances have  been  adjusted to reflect a 100% stock dividend
in the form of a stock split.  Payment date on the dividend was August 31, 1997.

*The derivative security disclosed in Table II above is 25% exercisable
12/01/98;  50% exercisable 12/01/99;  75% exercisable 12/01/00;  and 100%
exercisable 12/01/01.

/s/ Charles H. O'Reilly, Jr.                    04/09/99
- -----------------------------------------------------------
**Signature of Reporting Person                  Date


**  Intentional misstatements or omissions of facts constitute Federal Criminal
    Violations.  See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed.
      If space provided is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.


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