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: ICM Asset Management, Inc.
Address: W. 601 Main Avenue, Suite 600
Spokane WA 99201
Form 13F File Number: 28-____________
The institutional investment manager filing this report and the person
by whom it is signed hereby represent 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: Robert J. Law
Title: Sr. Vice President
Phone: (509) 455-3588
Signature, Place and Date of Signing:
Robert J. Law Spokane, WA 05-07-99
[Signature] [City, State] [Date]
Report Type (Check only one.):
_X__ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
___ 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting manager(s).)
___ 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
Form 13F File Number Name
29-________________ ICM Asset Management, Inc.
[Repeat as necessary.]
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 168
Form 13F Information Table Value Total: 1,110,009
List of Other Included Managers:
- -Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column
headings and list entries.] None
[Repeat as necessary.]
<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>
Avista Corp Ser L pfd 05379B503 5454 318496 SH SOLE 108646 209850
GTE Deleware pfd 36232e202 255 10000 SH SOLE 10000
A T&T Corp com 001957109 2921 36600 SH SOLE 36600
ABC-NACO Inc com 000752105 10767 852800 SH SOLE 469050 383750
Abaxis Inc com 002567105 135 69600 SH SOLE 69600
Abbott Laboratories com 002824100 5248 112100 SH SOLE 106750 5350
Air Products & Chemicals com 009158106 2081 60750 SH SOLE 57700 3050
Albertsons Inc com 013104104 3168 58195 SH SOLE 54720 3475
American Express com 025816109 271 2300 SH SOLE 2200 100
American Hm Prod Co com 026609107 646 9900 SH SOLE 9900
American Intl Group Inc com 026874107 7969 66066 SH SOLE 61641 4425
American Residential Svcs com 028911105 2201 409550 SH SOLE 394250 15300
Andrew Corp com 034425108 6602 536230 SH SOLE 480180 56050
Anheuser Busch Cos Inc com 035229103 4548 59750 SH SOLE 59750
Atlantic Richfield com 048825103 3221 44050 SH SOLE 40550 3500
Aura Systems Inc com 051526101 2178 5808050 SH SOLE 3811400 1996650
Auto Data Processing com 053015103 2739 66200 SH SOLE 66200
Avnet Inc com 053807103 809 22025 SH SOLE 21875 150
BP Amoco Plc ADR com 055622104 1701 16839 SH SOLE 16839
BankAmerica Corp com 06605F102 6731 95306 SH SOLE 90243 5063
Baxter Int'l Inc com 071813109 346 5250 SH SOLE 5100 150
Bayard Drilling Tech com 072700107 6898 1103750 SH SOLE 580900 522850
Bedford Property Investors com 076446301 14184 969850 SH SOLE 574950 394900
Beverly Enterprises com 087851309 27644 5394009 SH SOLE 3683284 1710725
Birner Dental Mgm't Services com 091283101 252 74600 SH SOLE 74600
Bonded Motors Inc com 097894109 104 42600 SH SOLE 42600
Bristol Myers com 110122108 1045 16300 SH SOLE 12200 4100
Building Material Hldg Corp com 120113105 9907 978424 SH SOLE 541024 437400
Burlington Resources com 122014103 3506 87798 SH SOLE 82798 5000
Bush Industries Cl A com 123164105 243 19700 SH SOLE 19200 500
Cabot Corp com 127055101 24132 1135638 SH SOLE 761988 373650
Calgon Carbon Corp com 129603106 16545 3189460 SH SOLE 2196360 993100
Cascade Corp com 147195101 10856 1021780 SH SOLE 621830 399950
Cascade Natural Gas com 147339105 862 57700 SH SOLE 24800 32900
Charming Shoppes com 161133103 27778 7168410 SH SOLE 4984860 2183550
Chevron Corp com 166751107 374 4217 SH SOLE 3717 500
Cisco Systems com 17275R102 3452 31509 SH SOLE 28884 2625
Coca Cola Co com 191216100 332 5414 SH SOLE 5414
Coherent Inc com 192479103 29089 2115557 SH SOLE 1413207 702350
Colgate-Palmolive com 194162103 2033 22100 SH SOLE 18900 3200
Computer Sciences Corp com 205363104 2453 44450 SH SOLE 40700 3750
Corning Inc com U21932105 444 7400 SH SOLE 6000 1400
Dialogic Corp com 252499108 930 30500 SH SOLE 30500
Duke Power com 264399106 1387 25300 SH SOLE 25300
EFTC Corp com 268443108 4017 868500 SH SOLE 518400 350100
Eagle Geophysical Inc com 269524104 114 30000 SH SOLE 30000
Elantec Semiconductor Inc com 284155108 189 27300 SH SOLE 27300
Electronic Data Systems com 285661104 1530 31425 SH SOLE 31425
Eli Lilly & Co com 532457108 2487 29300 SH SOLE 25800 3500
Emerson Elec com 291011104 4130 78025 SH SOLE 75900 2125
Engelhard Corp com 292845104 4353 257016 SH SOLE 241366 15650
Epitope Inc com 294261102 79 15900 SH SOLE 15900
Exxon Corp com 302290101 871 12340 SH SOLE 11828 512
Family Golf Centers Inc com 30701A106 21165 2845730 SH SOLE 1990530 855200
Federal Nat'l Mtge com 313586109 6394 92325 SH SOLE 85950 6375
Fingerhut Co Inc com 317867109 221 8975 SH SOLE 8725 250
First Security Corp com 336294103 482 24954 SH SOLE 23492 1462
Flow Int'l Inc com 343468104 9393 951200 SH SOLE 539800 411400
Fritz Companies Inc com 358846103 382 55600 SH SOLE 31350 24250
GTE Corp com 362320103 3492 57727 SH SOLE 53229 4498
Gannett Co com 364730101 5591 88750 SH SOLE 83900 4850
General Electric com 369604103 3036 27448 SH SOLE 25238 2210
Goodrich (B.F.) Co com 382388106 1678 48900 SH SOLE 48300 600
HCR Manor Care com 404134108 1607 70450 SH SOLE 69550 900
HS Resources Inc com 404297103 3617 413379 SH SOLE 354353 59026
Halliburton Co com 406216101 2645 68700 SH SOLE 64100 4600
Harmon Int'l com 413086109 10039 273175 SH SOLE 246700 26475
Harnischfeger Industries com 413345109 17260 3034655 SH SOLE 2026055 1008600
Heilig-Meyers Co com 422893107 5026 968953 SH SOLE 611103 357850
Hewlett-Packard com 428236103 2389 35225 SH SOLE 32900 2325
Hologic Inc com 436440101 5120 564950 SH SOLE 492800 72150
IL Tool Works Inc com 452308109 1275 20600 SH SOLE 17800 2800
IRI Int'l Corp com 45004F107 6377 1569550 SH SOLE 806750 762800
Imagematrix Corp com 451921100 4 20170 SH SOLE 20170
Inacom Corp com 45323G109 7690 992213 SH SOLE 761929 230284
Input/Output Inc com 457652105 5117 810595 SH SOLE 711320 99275
Insight Health Services Corp com 45766Q101 133 20800 SH SOLE 20800
Int'l Rectifier Corp com 460254105 30838 4405393 SH SOLE 2921093 1484300
Intel Corp com 458140100 4647 39090 SH SOLE 36290 2800
Interdent Inc com 45865R109 2860 520079 SH SOLE 496910 23169
Interface Inc com 458665106 14925 1550600 SH SOLE 1004850 545750
J Ray McDermott com P64658100 236 7900 SH SOLE 7900
John H Harland Co com 412693103 21606 1670056 SH SOLE 1117381 552675
Johnson & Johnson com 478160104 3918 41900 SH SOLE 40900 1000
Justin Inds com 482171105 3026 275130 SH SOLE 236680 38450
K2 Inc com 482732104 7117 903736 SH SOLE 604536 299200
Kemet Corp com 488360108 18811 1635763 SH SOLE 1058388 577375
Keycorp com 493267108 391 12884 SH SOLE 12884
Kopin Corp com 500600101 11036 798963 SH SOLE 461613 337350
Lab Holdings Inc com 505353102 2637 158600 SH SOLE 104500 54100
Labone Inc com 50540E101 942 89700 SH SOLE 63600 26100
Lattice Semiconductor com 518415104 4982 109342 SH SOLE 98692 10650
Lechters Inc com 523238103 2377 1102250 SH SOLE 725900 376350
Louisiana Pacific Corp com 546347105 1181 63400 SH SOLE 62800 600
Lucent Technologies Inc com 549463107 3494 32349 SH SOLE 31546 803
MN Mining & Mfg com 604059105 1783 25200 SH SOLE 25200
Magnetek Inc. com 559424106 19950 2382121 SH SOLE 1693921 688200
Masco Corp com 574599106 356 12600 SH SOLE 12600
Material Sciences Corp com 576674105 5690 892555 SH SOLE 627655 264900
McDermott Int'l Inc com 580037109 32437 1281480 SH SOLE 856280 425200
McDonalds Corp com 580135101 6194 136696 SH SOLE 129596 7100
Mediaone Group Inc com 58440J104 4350 68575 SH SOLE 63100 5475
Medtronic Inc com 585055106 5755 80075 SH SOLE 76750 3325
Merck & Co com 589331107 4355 54350 SH SOLE 50500 3850
Michaels Stores com 594087108 43889 1777801 SH SOLE 1211501 566300
Microsoft com 594918104 634 7070 SH SOLE 6920 150
Milacron Inc com 598709103 7108 451280 SH SOLE 408380 42900
Molex Inc com 608554101 2426 82578 SH SOLE 80003 2575
Mosaix Inc com 619454101 7762 926850 SH SOLE 887350 39500
Motorola Inc com 620076109 1201 16400 SH SOLE 14350 2050
Nabors Industries Inc com 629568106 35465 1949964 SH SOLE 1361624 588340
Nicor Inc com 654086107 1545 43000 SH SOLE 41000 2000
Nipsco Industries Inc com 629140104 2874 106450 SH SOLE 99450 7000
Noble Affiliates Inc com 654894104 2874 99100 SH SOLE 94900 4200
Nordstrom Inc com 655664100 3123 76400 SH SOLE 71100 5300
O'Sullivan Inds com 688609106 11503 832800 SH SOLE 411950 420850
Officemax Inc com 67622M108 7492 868630 SH SOLE 781280 87350
Oracle Corp com 68389X105 2727 103392 SH SOLE 94321 9071
Pennzoil Co com 709323109 20999 1696870 SH SOLE 1139733 557137
Pep Boys Man Mo Jack com 713278109 232 15200 SH SOLE 15200
Pepsico com 713448108 3391 86525 SH SOLE 77800 8725
Petco Animal Supplies Inc com 716016100 26087 2608730 SH SOLE 1732880 875850
Pfizer Inc com 717081103 398 2866 SH SOLE 2866
Pier One Imports com 720279108 16294 2005442 SH SOLE 1479892 525550
Plenum Communications Inc. com 729089102 87 50000 SH SOLE 50000
Pool Energy Services Co com 732788104 4312 281600 SH SOLE 153350 128250
Precision Castparts com 740189105 6406 159150 SH SOLE 66700 92450
Proctor & Gamble Co com 742718109 5042 51485 SH SOLE 47260 4225
R & B Falcon Corp com 74912E101 8694 1008020 SH SOLE 910970 97050
RTI Int'l Metals com 74973W107 15851 1585114 SH SOLE 1053214 531900
Rock Bottom Restaurants Inc com 771833100 7475 872950 SH SOLE 531400 341550
Rollins Truck Leasing Corp com 775741101 10533 1116100 SH SOLE 710775 405325
Sara Lee Corp com 803111103 3309 133700 SH SOLE 127900 5800
Schlumberger ltd com 806857108 3485 57900 SH SOLE 55100 2800
Sequent Computer Systems Inc com 817338106 11560 1275625 SH SOLE 860600 415025
Sherwin-Williams Co com 824348106 298 10600 SH SOLE 10500 100
Shurgard Storage Ctr-REIT com 82567D104 17450 691100 SH SOLE 418650 272450
Softnet Systems com 833964109 242 6600 SH SOLE 6600
Sonosite Inc com 83568G104 2634 191548 SH SOLE 127090 64458
Spacelabs Medical Inc com 846247104 1745 103800 SH SOLE 78100 25700
Special Metals Corp com 84741y103 1192 244496 SH SOLE 240596 3900
St Jude Medical Inc com 790849103 6834 280350 SH SOLE 252150 28200
Sunrise Medical Inc com 867910101 16084 2573433 SH SOLE 1667333 906100
Sunshine Mining Inc com 867833105 9 18500 SH SOLE 18500
Superior Energy Services Inc com 868157108 168 46700 SH SOLE 46700
TJ International Inc com 872534102 16936 702000 SH SOLE 437200 264800
Telxon Corp com 879700102 1898 201100 SH SOLE 68200 132900
Tenet Healthcare Corp com 88033G100 1757 92800 SH SOLE 91800 1000
Tenneco Inc com 88037E101 1622 58050 SH SOLE 57350 700
Texaco Inc com 881694103 3820 67320 SH SOLE 62920 4400
The Scotts Co com 810186106 486 13000 SH SOLE 12750 250
Titanium Metals Corp com 888339108 10551 1834901 SH SOLE 1298001 536900
Toys 'R' Us com 892335100 2991 158987 SH SOLE 157187 1800
Tyco International Ltd com 902120104 636 8864 SH SOLE 8864
US Bancorp com 902973106 314 9218 SH SOLE 8943 275
UST Inc com 902911106 2137 81800 SH SOLE 81800
Veritas DGC Inc com 92343P107 489 34300 SH SOLE 27700 6600
Veterinary Centers of America com 925514101 10354 733050 SH SOLE 423700 309350
Vishay Intertechnology com 928298108 35869 2473701 SH SOLE 1666861 806840
WTB Fin Cl B com 940990146 498 7960 SH SOLE 7960
Wal-Mart Stores Inc com 931142103 877 9510 SH SOLE 9410 100
Washington Mutual Inc com 939322103 502 12275 SH SOLE 12275
Weatherford Int'l com 947074100 35517 1359514 SH SOLE 918758 440756
Williams Co com 969457100 798 20200 SH SOLE 20200
Windemere-Durable Hldgs com 973411101 17266 2466550 SH SOLE 1494100 972450
Wyman-Gordon Co com 983085101 31776 3435285 SH SOLE 2327622 1107663
Xerox Corp com 984121103 2807 53850 SH SOLE 50750 3100
York Research Corp com 987048105 433 87650 SH SOLE 87650
</TABLE>
