UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 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 February 7, 2000
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: 42
Form 13F Information Table Value Total: $340,542
List of Other Included Managers: 0
No. 13F File Number Name
<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 Corporation COM 001957109 10539 207409 SH
SOLE 32598 174811
Alcoa Inc. COM 013817101 11047 133095 SH
SOLE 20960 112135
Associates First Capital COM 046008108 6841 249320 SH
SOLE 39315 210005
BankAmerica Corp. COM 060505104 7146 142380 SH
SOLE 22515 119865
Barrick Gold COM 067901108 7862 444510 SH
SOLE 64850 379660
Bell Atlantic COM 077853109 8963 145595 SH
SOLE 23025 122570
Bellsouth Corp COM 079860102 6026 128725 SH
SOLE 19540 109185
Boeing COM 097023105 7812 188525 SH
SOLE 29740 158785
Chase Manhattan Bank COM 16161A108 9123 117435 SH
SOLE 18525 98910
Chevron COM 166751107 9059 104575 SH
SOLE 16540 88035
Cigna COM 125509109 10213 126770 SH
SOLE 20100 106670
Citigroup COM 172967101 12319 221210 SH
SOLE 34900 186310
Compaq COM 204493100 10155 375225 SH
SOLE 59255 315970
Conagra Inc COM 205887102 7966 351135 SH
SOLE 55445 295690
Conseco COM 208464107 5053 283670 SH
SOLE 44860 238810
DuPont COM 263534109 8918 135375 SH
SOLE 21350 114025
Eastman Kodak COM 277461109 8640 130420 SH
SOLE 20610 109810
Emerson Electric COM 291011104 8115 141435 SH
SOLE 22340 119095
Exxon Mobil Corp COM 30231G102 14896 184895 SH
SOLE 29625 155270
Federal National Mtg. Assn. COM 313586109 3073 49210 SH
SOLE 8410 40800
FleetBoston Financial Corpora COM 339030108 7926 227685 SH
SOLE 35260 192425
Ford COM 345370100 9279 174040 SH
SOLE 28155 145885
GTE Corp COM 362320103 7690 108980 SH
SOLE 17595 91385
Heinz H J Co COM 423074103 7439 186840 SH
SOLE 29595 157245
Honeywell International, Inc. COM 438516106 8901 154300 SH
SOLE 24400 129900
Household International COM 441815107 7569 203195 SH
SOLE 32015 171180
Interntl Paper COM 460146103 9821 174020 SH
SOLE 27510 146510
Kerr-McGee Corp. COM 492386107 5254 84745 SH
SOLE 12850 71895
Kimberly-Clark Corp. COM 494368103 9142 139700 SH
SOLE 22030 117670
Occidental Petroleum COM 674599105 9870 456435 SH
SOLE 72310 384125
PPG Industries Inc. COM 693506107 2909 46500 SH
SOLE 7895 38605
Phelps Dodge Corporation COM 717265102 9993 148315 SH
SOLE 23455 124860
Phillips Petroleum COM 718507106 8512 181105 SH
SOLE 28580 152525
SBC Communications COM 78387G103 9959 204290 SH
SOLE 32105 172185
Schlumberger Ltd. COM 806857108 8017 142850 SH
SOLE 22550 120300
St. Paul Company COM 792860108 9598 284910 SH
SOLE 45005 239905
Texaco COM 881694103 8570 157790 SH
SOLE 24940 132850
Transocean Sedco Forex COM G90078109 932 27656 SH
SOLE 4366 23290
UNOCAL COM 915289102 8316 247765 SH
SOLE 39045 208720
Union Pacific COM 907818108 7545 172710 SH
SOLE 27255 145455
Washington Mutual COM 939322103 4979 192435 SH
SOLE 30440 161995
Wells Fargo & Co. COM 949746101 4556 112680 SH
SOLE 17800 94880
</TABLE>
