UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 1999
Check Here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Killian Asset Management
Address: 1250 West Northwest Highway
Suite 600
Palatine, IL 60067
13F File Number: 28-3528
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, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Jeremiah Lynch
Title: Compliance Officer
Phone: 847-359-8585
Signature, Place, and Date of Signing:
Jeremiah Lynch Palatine, IL May 14, 1999
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 46
Form 13F Information Table Value Total: $272,010
List of Other Included Managers:
<PAGE>
<TABLE>
FORM 13F INFORMATION TABLE
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>
AT&T Corp COM 001957109 5865 73480 SH SOLE 73480
American International COM 026874107 8889 73687 SH SOLE 73687
Anheuser-Busch Cos COM 035229103 8450 111000 SH SOLE 111000
BankAmerica Corp COM 060505104 6527 92415 SH SOLE 92415
Bellsouth Corp COM 079860102 7097 177140 SH SOLE 177140
Chevron Corp COM 166751107 6290 70870 SH SOLE 70870
Cigna Corp COM 125509109 7667 91480 SH SOLE 91480
Comdisco Inc COM 200336105 6269 350700 SH SOLE 350700
Comerica Inc COM 200340107 6490 103940 SH SOLE 103940
Costco Companies Inc COM 22160q102 7591 82900 SH SOLE 82900
Dayton Hudson Corp COM 239753106 7642 114700 SH SOLE 114700
Donnelley R R & Sons COM 257867101 435 13500 SH SOLE 13500
Exxon Corp COM 302290101 5975 84670 SH SOLE 84670
Federal Home Loan Mtg Corp COM 313400301 7629 133120 SH SOLE 133120
Federal National Mtg Assn COM 313586109 5656 81670 SH SOLE 81670
First Union Corp COM 337358105 5204 97390 SH SOLE 97390
Ford Motor Co COM 345370100 5567 98200 SH SOLE 98200
GATX Corp COM 361448103 4793 145520 SH SOLE 145520
General Electric Company COM 369604103 9119 82430 SH SOLE 82430
General Public Utilities Corp COM 36225X100 4444 119100 SH SOLE 119100
Harris Corp COM 413875105 3942 137720 SH SOLE 137720
K Mart Corp COM 482584109 4038 240200 SH SOLE 240200
Kimberly-Clark COM 494368103 6064 126500 SH SOLE 126500
Kroger Co COM 501044101 6534 109120 SH SOLE 109120
Lehman Brothers Holdings Inc. COM 524908100 2073 34700 SH SOLE 34700
Lincoln Natl Corp COM 534187109 7351 74350 SH SOLE 74350
McKesson HBOC, Inc. COM 58155q103 4567 69200 SH SOLE 69200
MediaOne Group COM 58440j104 7993 126000 SH SOLE 126000
Merrill Lynch & Co Inc COM 590188108 4168 47100 SH SOLE 47100
Microsoft Corp COM 594918104 8898 99280 SH SOLE 99280
Mobil Corp COM 607059102 6803 77310 SH SOLE 77310
Motorola Inc COM 620076109 6395 87300 SH SOLE 87300
Pharmacia & Upjohn Inc COM 716941109 6756 108320 SH SOLE 108320
Philip Morris Inc. COM 718154107 4702 133640 SH SOLE 133640
Reliant Energy Inc. COM 75952j108 5118 196370 SH SOLE 196370
Rite Aid Corp COM 767754104 3761 150440 SH SOLE 150440
Safeway Inc. COM 786514208 7812 152240 SH SOLE 152240
Seagate Technology COM 811804103 4824 163190 SH SOLE 163190
Texas Instruments Inc COM 882508104 7851 79100 SH SOLE 79100
Textron Inc COM 883203101 6359 82180 SH SOLE 82180
U S West Inc COM 91273H101 5435 98700 SH SOLE 98700
United Buying Serv Intl COM 909691107 0 70000 SH SOLE 70000
V F Corporation COM 918204108 5671 119400 SH SOLE 119400
Viacom Inc CL B COM 925524308 8019 191060 SH SOLE 191060
American General $3.00 Ser A C PFD CV 02637G200 4350 48600 SH SOLE 48600
Cendant Corp 7.50% Cvt Pfd PFD CV 151313301 4930 171100 SH SOLE 171100
</TABLE>
