[TEXT] UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 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 November 11, 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: 78
Form 13F Information Table Value Total: $241,994
List of Other Included Managers: None
<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 4913 88020 SH SOLE 88020
Alcoa Inc COM 013817101 619 10000 SH SOLE 10000
Anheuser-Busch Cos COM 035229103 6030 85000 SH SOLE 85000
BankAmerica Corp COM 060505104 5353 73015 SH SOLE 73015
Bellsouth Corp COM 079860102 6390 138540 SH SOLE 138540
Bristol-Myers Squibb COM 110122108 207 2940 SH SOLE 2940
Chase Manhattan Corp COM 16161A108 4531 52380 SH SOLE 52380
Chevron Corp COM 166751107 5378 56570 SH SOLE 56570
Cigna Corp COM 125509109 6308 70880 SH SOLE 70880
Comerica Inc COM 200340107 4751 79940 SH SOLE 79940
Computer Assoc Intl COM 204912109 2289 41800 SH SOLE 41800
Dayton Hudson Corp COM 239753106 6006 92400 SH SOLE 92400
Exxon Corp COM 302290101 5150 66770 SH SOLE 66770
Federal Home Loan Mtg Corp COM 313400301 5952 102620 SH SOLE 102620
Federal National Mtg Assn COM 313586109 4468 65470 SH SOLE 65470
Ford Motor Co COM 345370100 4447 78800 SH SOLE 78800
GATX Corp COM 361448103 4321 113520 SH SOLE 113520
General Electric Company COM 369604103 6896 61030 SH SOLE 61030
General Public Utilities Corp COM 36225X100 4012 95100 SH SOLE 95100
Goodrich B F CO COM 382388106 4598 108200 SH SOLE 108200
K Mart Corp COM 482584109 4272 258900 SH SOLE 258900
Kimberly-Clark COM 494368103 5706 100100 SH SOLE 100100
Kroger Co COM 501044101 4873 174440 SH SOLE 174440
Lehman Brothers Holdings Inc. COM 524908100 913 14700 SH SOLE 14700
Lincoln Natl Corp COM 534187109 6115 116900 SH SOLE 116900
McKesson HBOC, Inc. COM 58155q103 1452 45100 SH SOLE 45100
MediaOne Group COM 58440j104 1130 15200 SH SOLE 15200
Merrill Lynch & Co Inc COM 590188108 3808 47900 SH SOLE 47900
Microsoft Corp COM 594918104 7177 79580 SH SOLE 79580
Mobil Corp COM 607059102 5817 58910 SH SOLE 58910
Motorola Inc COM 620076109 6471 68300 SH SOLE 68300
Pharmacia & Upjohn Inc COM 716941109 5069 89220 SH SOLE 89220
Philip Morris Inc. COM 718154107 3870 96290 SH SOLE 96290
Reliant Energy Inc. COM 75952j108 4287 155170 SH SOLE 155170
Rite Aid Corp COM 767754104 2968 120540 SH SOLE 120540
Rockwell Intl Corp COM 773903109 4301 70800 SH SOLE 70800
Safeway Inc. COM 786514208 5264 106340 SH SOLE 106340
Seagate Technology COM 811804103 3913 152690 SH SOLE 152690
Texaco Inc COM 881694103 2476 39700 SH SOLE 39700
Texas Instruments Inc COM 882508104 8726 60600 SH SOLE 60600
Textron Inc COM 883203101 5365 65180 SH SOLE 65180
U S West Inc COM 91273H101 4706 80100 SH SOLE 80100
United Buying Serv Intl COM 909691107 0 70000 SH SOLE 70000
V F Corporation COM 918204108 4207 98400 SH SOLE 98400
Viacom Inc CL B COM 925524308 6545 148760 SH SOLE 148760
Weyerhaeuser Co COM 962166104 4854 70600 SH SOLE 70600
American General $3.00 Ser A C PFD CV 02637G200 3516 37600 SH SOLE 37600
Cendant Corp 7.50% Cvt Pfd PFD CV 151313301 4601 133600 SH SOLE 133600
</TABLE>
