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 [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 November 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.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 39
Form 13F Information Table Value Total: $329,916
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 6814 156649 SH
SOLE 24733 131916
Albertsons COM 013104104 7358 185995 SH
SOLE 29320 156675
BankAmerica Corp. COM 060050101 7942 142620 SH
SOLE 22515 120105
BankOne Corporation COM 06423A103 5372 154315 SH
SOLE 24315 130000
Barrick Gold COM 067901108 9683 445180 SH
SOLE 64850 380330
Bell Atlantic COM 077853109 9817 145840 SH
SOLE 23025 122815
Bellsouth Corp COM 079860102 8128 180615 SH
SOLE 28390 152225
Chevron COM 166751107 9297 104750 SH
SOLE 16540 88210
Cigna COM 125509109 9847 126655 SH
SOLE 19765 106890
Citigroup COM 172967101 8187 186065 SH
SOLE 29330 156735
Compaq COM 204493100 8598 375865 SH
SOLE 59255 316610
Computer Associates COM 204912109 9146 149625 SH
SOLE 24805 124820
Conagra Inc COM 205887102 7936 351735 SH
SOLE 55445 296290
Conseco COM 208464107 5399 284150 SH
SOLE 44860 239290
Donnelly, RR COM 257867101 7611 263570 SH
SOLE 41495 222075
DuPont COM 263534109 8204 135605 SH
SOLE 21350 114255
Eastman Kodak COM 277461109 9880 130645 SH
SOLE 20610 110035
Emerson Electric COM 291011104 8952 141675 SH
SOLE 22340 119335
Exxon Corp COM 302290101 8708 114580 SH
SOLE 18040 96540
Ford COM 345370100 8760 174335 SH
SOLE 28155 146180
Heinz H J Co COM 423074103 8048 187160 SH
SOLE 29595 157565
Household International COM 441815107 8206 204520 SH
SOLE 32290 172230
Interntl Paper COM 460146103 8378 174315 SH
SOLE 27510 146805
Kerr-McGee Corp. COM 492386107 11785 214025 SH
SOLE 33520 180505
Lehman Brothers COM 524908100 9892 169450 SH
SOLE 26745 142705
Marsh & McLennan Cos COM 571748102 9672 141195 SH
SOLE 22050 119145
Merck COM 589331107 8921 137650 SH
SOLE 21695 115955
Morgan Stanley Dean Witter COM 617446448 8743 98030 SH
SOLE 15455 82575
Motorola COM 620076109 8954 101755 SH
SOLE 16035 85720
Northrop Grumman Corporation COM 666807102 8942 140685 SH
SOLE 21750 118935
Occidental Petroleum COM 674599105 10575 457285 SH
SOLE 72310 384975
Phelps Dodge Corporation COM 717265102 8180 148565 SH
SOLE 23455 125110
St. Paul Company COM 792860108 7848 285395 SH
SOLE 45005 240390
Texaco COM 881694103 9976 158035 SH
SOLE 24940 133095
Toys R Us, Inc. COM 892335100 6423 428180 SH
SOLE 67620 360560
UNOCAL COM 915289102 8443 227810 SH
SOLE 35995 191815
Union Pacific COM 907818108 8315 173000 SH
SOLE 27255 145745
United Healthcare COM 910581107 7337 150695 SH
SOLE 24010 126685
Washington Mutual COM 939322103 5638 192765 SH
SOLE 30440 162325
</TABLE>
