UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 1999
Check here if Amendment [x]; Amendment Number:
This Amendment (Check only one.) : [ ] is a restatement.
[x] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: CIC Asset Management, Inc.
Address: 633 West Fifth Street
Suite 1180
Los Angeles, CA 90071
13F File Number: 28-3660
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: Fernando Inzunza
Title: Principal
Phone: 213-629-0451
Signature, Place, and Date of Signing:
Fernando Inzunza Los Angeles, California August 2, 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.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 44
Form 13F Information Table Value Total: $369,329
List of Other Included Managers: 0
No. 13F File Number Name
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<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 Corporation COM 001957109 8869 158909 SH
SOLE 24733 134176
Air Products & Chem COM 009158106 9071 225375 SH
SOLE 35050 190325
Allegheny Energy, Inc. COM 017361106 6888 214833 SH
SOLE 34485 180348
Allstate Insurance COM 020002101 8676 241831 SH
SOLE 37679 204152
Associates First Capital COM 046008108 9370 212340 SH
SOLE 33015 179325
B.F. Goodrich COM 382388106 9804 230680 SH
SOLE 35930 194750
BankOne Corporation COM 06423A103 9324 156545 SH
SOLE 24315 132230
Barrick Gold COM 067901108 8760 452110 SH
SOLE 64850 387260
Chevron COM 166751107 10098 106230 SH
SOLE 16540 89690
Cigna COM 125509109 11433 128465 SH
SOLE 19765 108700
Computer Associates COM 204912109 13074 238800 SH
SOLE 37175 201625
Conseco COM 208464107 8773 288240 SH
SOLE 44860 243380
Deluxe Corporation COM 248019101 9763 251535 SH
SOLE 39095 212440
Dillard Dept. Stores COM 254067101 7881 224360 SH
SOLE 34995 189365
Dole Food COM 256605106 6072 206715 SH
SOLE 35955 170760
Duke Energy Corporation COM 264399106 10622 195115 SH
SOLE 30385 164730
FPL Group Inc. COM 302571104 7032 128730 SH
SOLE 20350 108380
Finova Group, Inc. COM 317928109 8611 163635 SH
SOLE 25495 138140
Food Lion A COM 344775200 10132 853210 SH
SOLE 132350 720860
GTE Corp COM 362320103 10945 144965 SH
SOLE 22570 122395
Hartford Financial Services Gr COM 416515104 9625 165065 SH
SOLE 25685 139380
Healthsouth COM 421924101 5420 364340 SH
SOLE 56860 307480
Highwoods Properties COM 431284108 5251 191395 SH
SOLE 29445 161950
Household International COM 441815107 9828 207460 SH
SOLE 32290 175170
Humana Inc. COM 444859102 4863 375850 SH
SOLE 58305 317545
Interntl Paper COM 460146103 8886 176830 SH
SOLE 27510 149320
Kerr-McGee Corp. COM 492386107 10913 217450 SH
SOLE 33860 183590
Lehman Brothers COM 524908100 10678 171885 SH
SOLE 26745 145140
Liberty Property Trust COM 531172104 3619 145475 SH
SOLE 17425 128050
Marsh & McLennan Cos COM 571748102 10860 143485 SH
SOLE 22275 121210
Occidental Petroleum COM 674599105 9795 463645 SH
SOLE 72310 391335
Phelps Dodge Corporation COM 717265102 9335 150710 SH
SOLE 23455 127255
Southern Co. COM 842587107 10110 381500 SH
SOLE 59355 322145
Sovereign Bancorp COM 845905108 6881 567480 SH
SOLE 88705 478775
Starwood Hotels & Resorts COM 85590a203 5396 176545 SH
SOLE 33385 143160
Texaco COM 881694103 9999 160300 SH
SOLE 24940 135360
Toys R Us, Inc. COM 892335100 8985 434340 SH
SOLE 67620 366720
UNOCAL COM 915289102 9157 231090 SH
SOLE 35995 195095
Ultramar Diamond Shamrock COM 904000106 1881 86250 SH
SOLE 12450 73800
Union Pacific COM 907818108 10230 175430 SH
SOLE 27255 148175
United Healthcare COM 910581107 9576 152915 SH
SOLE 24010 128905
Valero Energy COM 91913y100 4553 212365 SH
SOLE 33115 179250
Washington Mutual COM 939322103 6954 195540 SH
SOLE 30440 165100
Wyndham International, Inc. COM 983101106 1338 297255 SH
SOLE 61849 235406
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