WESTWOOD MANAGEMENT CORP /IL/
13F-HR, 1999-05-10
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                          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 [x]; Amendment Number:
This Amendment (Check only one.):  [ ] is a restatement.
                                   [x] adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:     Westwood Management Corporation
Address:  208 S. LaSalle Street, Suite 1698
          Chicago, IL  60604

13F File Number:  801-11728

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:   Michael Perlow
Title:  President
Phone:  312-236-3336
Signature, Place, and Date of Signing:

     Michael Perlow     Chicago, Illinois     May 10, 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:     109

Form 13F Information Table Value Total:     $445,308


List of Other Included Managers:

 No.  13F File Number     Name




<PAGE>
<TABLE>
                                                            
VALUE    SHARES/ SH/ PUT/ INVSTMT            -----VOTING
AUTHORITY-----
  NAME OF ISSUER                 -TITLE OF CLASS- --CUSIP--
(x$1000)  PRN AMT PRN CALL DSCRETN -MANAGERS-     SOLE   SHARED   
 NONE
                                 <C>                              
               <C>
D A T & T CORPORATION            COM              001957109    
8042   100764 SH       SOLE                 100764                

D ABBOTT LABORATORIES            COM              002824100     
824    17600 SH       SOLE                  17600                 
D AIRTOUCH COMMUNICATIONS        COM              00949T100    
7923    82000 SH       SOLE                  82000                

D ALLTEL CORPORATION             COM              020039103    
3452    55350 SH       SOLE                  55350                

D ALTERA CORPORATION             COM              021441100    
9871   165900 SH       SOLE                 165900                

D AMERICAN EXPRESS CO.           COM              025816109    
1223    10384 SH       SOLE                  10384                

D AMERICAN HOME PRODUCTS CORP.   COM              026609107     
600     9200 SH       SOLE                   9200                 
D AMERICAN INTL. GROUP INC.      COM              026874107    
9268    76830 SH       SOLE                  76830                

D AMERITECH CORPORATION          COM              030954101     
964    16728 SH       SOLE                  16728                 
D AMGEN INC.                     COM              031162100    
5200    69450 SH       SOLE                  69450                

D ANHEUSER BUSCH COMPANIES       COM              035229103    
1020    13400 SH       SOLE                  13400                

D ASSOCIATES FIRST CAPITAL CORP. COM              046008108    
2997    66600 SH       SOLE                  66600                

D AUTOMATIC DATA PROCESSING INC. COM              053015103     
637    15400 SH       SOLE                  15400                 
D AVON PRODUCTS INC.             COM              054303102     
527    11200 SH       SOLE                  11200                 
D AXOGEN LTD.                    COM              G0690R108     
249     8000 SH       SOLE                   8000                 
D BANK OF MONTREAL               COM              063671101     
402    10000 SH       SOLE                  10000                 
D BANK OF NEW YORK INC.          COM              064057102    
1725    48000 SH       SOLE                  48000                

D BANK ONE CORPORATION           COM              06423A103     
364     6618 SH       SOLE                   6618                 
D BAXTER INTERNATIONAL INC.      COM              071813109     
964    14600 SH       SOLE                  14600                 
D BP AMOCO PLC ADR               COM              055622104    
1677    16601 SH       SOLE                  16601                

D BRISTOL MYERS SQUIBB CO.       COM              110122108    
1719    26800 SH       SOLE                  26800                

D BRITISH TELECOMMUNICATIONS PLC COM              111021408     
443     2700 SH       SOLE                   2700                 
D BUCKEYE PARTNERS LP            COM              118230101     
441    16200 SH       SOLE                  16200                 
D CARNIVAL CORP. CLASS A         COM              143658102   
13666   281410 SH       SOLE                 281410               
 
D CHASE MANHATTAN CORPORATION    COM              16161A108    
9612   118120 SH       SOLE                 118120                

D CHUBB CORP.                    COM              171232101     
223     3800 SH       SOLE                   3800                 
D CIRCUIT CITY STORES - CIRCT CI COM              172737108    
3402    44400 SH       SOLE                  44400                

D CISCO SYSTEMS INC.             COM              17275R102    
4021    36700 SH       SOLE                  36700                

D CITIGROUP INC.                 COM              172967101    
5019    78569 SH       SOLE                  78569                

D CLOROX COMPANY                 COM              189054109     
855     7300 SH       SOLE                   7300                 
D COCA COLA COMPANY              COM              191216100    
1541    25100 SH       SOLE                  25100                

D ECOLAB INC.                    COM              278865100    
3617   101880 SH       SOLE                 101880                

D ELAN CORP. PLC ADR             COM              284131208   
10356   148480 SH       SOLE                 148480               
 
D ELI LILLY & COMPANY            COM              532457108   
13800   162591 SH       SOLE                 162591               
 
D EMC CORPORATION                COM              268648102    
9390    73500 SH       SOLE                  73500                

D EXXON CORPORATION              COM              302290101    
3733    52900 SH       SOLE                  52900                

D FANNIE MAE                     COM              313586109    
1863    26900 SH       SOLE                  26900                

D FDX CORP.                      COM              31304N107     
781     8400 SH       SOLE                   8400                 
D FEDERAL HOME LOAN MTG. CORP.   COM              313400301     
275     4800 SH       SOLE                   4800                 
D FINOVA GROUP INC.              COM              317928109    
7366   142000 SH       SOLE                 142000                

D FOUR SEASONS HOTELS INC.       COM              35100E104     
635    15200 SH       SOLE                  15200                 
D FPL GROUP INC.                 COM              302571104     
261     4908 SH       SOLE                   4908                 
D GALILEO INTERNATIONAL INC.     COM              363547100    
2187    45200 SH       SOLE                  45200                

D GENERAL ELECTRIC CO.           COM              369604103   
14410   130258 SH       SOLE                 130258               
 
D GENERAL MOTORS CORP.           COM              370442105   
10875   125000 SH       SOLE                 125000               
 
D GILLETTE CO.                   COM              375766102    
3542    59600 SH       SOLE                  59600                

D GUIDANT CORPORATION            COM              401698105     
302     5000 SH       SOLE                   5000                 
D HARLEY DAVIDSON INC.           COM              412822108     
367     6400 SH       SOLE                   6400                 
D HEWLETT PACKARD CO.            COM              428236103    
2077    30635 SH       SOLE                  30635                

D HOME DEPOT INC.                COM              437076102   
12282   197298 SH       SOLE                 197298               
 
D HOUSEHOLD INTERNATIONAL INC.   COM              441815107    
1063    23291 SH       SOLE                  23291                

D ILLINOIS TOOL WORKS            COM              452308109    
6311   102000 SH       SOLE                 102000                

D INTEL CORP.                    COM              458140100    
3673    30900 SH       SOLE                  30900                

D INTL. BUSINESS MACHINES CORP.  COM              459200101   
20889   117851 SH       SOLE                 117851               
 
D JOHNSON & JOHNSON INC.         COM              478160104    
1253    13400 SH       SOLE                  13400                

D KROGER COMPANY                 COM              501044101     
383     6400 SH       SOLE                   6400                 
D KRONOS INC.                    COM              501052104    
2359    96300 SH       SOLE                  96300                

D LASER VISION CENTERS INC.      COM              51807H100    
3268    85725 SH       SOLE                  85725                

D LINCOLN NATIONAL CORP.         COM              534187109    
1098    11100 SH       SOLE                  11100                

D LOWES COMPANIES INC.           COM              548661107    
3095    51150 SH       SOLE                  51150                

D LSI LOGIC CORP.                COM              502161102    
9119   292400 SH       SOLE                 292400                

D LUCENT TECHNOLOGIES INC.       COM              549463107    
3184    29483 SH       SOLE                  29483                

D MCDONALDS CORP.                COM              580135101    
6371   140600 SH       SOLE                 140600                

D MCI WORLDCOM INC.              COM              55268B106   
15924   179800 SH       SOLE                 179800               
 
D MEDIAONE GROUP, INC.           COM              58440J104     
356     5606 SH       SOLE                   5606                 
D MEDTRONIC, INC.                COM              585055106   
14045   195415 SH       SOLE                 195415               
 
D MELLON BANK CORP.              COM              585509102     
510     7240 SH       SOLE                   7240                 
D MERCK & CO.                    COM              589331107    
1790    22338 SH       SOLE                  22338                

D MERRILL LYNCH & COMPANY, INC.  COM              590188108     
637     7200 SH       SOLE                   7200                 
D MGI PHARMA, INC.               COM              552880106     
140    16700 SH       SOLE                  16700                 
D MICROSOFT CORP.                COM              594918104   
11508   128400 SH       SOLE                 128400               
 
D MOBIL CORPORATION              COM              607059102    
2722    30934 SH       SOLE                  30934                

D MOLEX INC.                     COM              608554101     
305    10372 SH       SOLE                  10372                 
D MOLEX INC. CLASS A             COM              608554200     
268    10372 SH       SOLE                  10372                 
D MOTOROLA INC.                  COM              620076109     
601     8200 SH       SOLE                   8200                 
D NOKIA CORP. SPONS. ADR         COM              654902204    
6420    41220 SH       SOLE                  41220                

D NORTHERN TRUST CORP.           COM              665859104    
1847    20800 SH       SOLE                  20800                

D OIL-DRI CORPORATION OF AMERICA COM              677864100     
613    42105 SH       SOLE                  42105                 
D PENTON MEDIA INC.              COM              709668107     
228    10145 SH       SOLE                  10145                 
D PFIZER, INC.                   COM              717081103   
10066    72550 SH       SOLE                  72550               
 
D PHILIP MORRIS COMPANIES INC.   COM              718154107     
246     7000 SH       SOLE                   7000                 
D PITTWAY CORP.                  COM              725790109    
3587   136650 SH       SOLE                 136650                

D PROCTER & GAMBLE CO.           COM              742718109    
2702    27590 SH       SOLE                  27590                

D REUTERS GROUP PLC ADR          COM              76132M102    
5218    60068 SH       SOLE                  60068                

D ROHM & HAAS CO.                COM              775371107     
238     7100 SH       SOLE                   7100                 
D ROYAL DUTCH PETROLEUM CO.      COM              780257804     
634    12200 SH       SOLE                  12200                 
D SAFEWAY INC.                   COM              786514208    
5489   106975 SH       SOLE                 106975                

D SCHERING PLOUGH CORP.          COM              806605101    
1238    22400 SH       SOLE                  22400                

D SCHLUMBERGER, LTD.             COM              806857108    
1780    29580 SH       SOLE                  29580                

D SERVICEMASTER CO.              COM              81760N109     
885    43571 SH       SOLE                  43571                 
D SOUTHDOWN INC.                 COM              841297104    
1589    29600 SH       SOLE                  29600                

D SUN MICROSYSTEMS INC.          COM              866810104    
6747    53950 SH       SOLE                  53950                

D TELEFONICA S A ADR             COM              879382208     
534     4182 SH       SOLE                   4182                 
D TIME WARNER INC.               COM              887315109   
10501   148300 SH       SOLE                 148300               
 
D TRIBUNE COMPANY                COM              896047107     
288     4400 SH       SOLE                   4400                 
D TYCO INTERNATIONAL INC. NEW    COM              902124106   
14676   204550 SH       SOLE                 204550               
 
D U.S. WEST, INC. (NEW)          COM              91273H101     
317     5756 SH       SOLE                   5756                 
D UNITED STATIONERS INC.         COM              913004107     
152    10000 SH       SOLE                  10000                 
D UNUM CORP.                     COM              903192102    
1341    28200 SH       SOLE                  28200                

D VARLEN CORP.                   COM              922248109     
317    14425 SH       SOLE                  14425                 
D VISX INC.                      COM              92844S105   
42272   393000 SH       SOLE                 393000               
 
D VYSIS INC.                     COM              928961101      
51    15000 SH       SOLE                  15000                 
D WAL-MART STORES INC.           COM              931142103     
369     4000 SH       SOLE                   4000                 
D WALGREEN CO.                   COM              931422109    
1161    41100 SH       SOLE                  41100                

D WALT DISNEY CO. (HOLDING CO.)  COM              254687106     
246     7900 SH       SOLE                   7900                 
D WILLIAMS COMPANIES INC.        COM              969457100     
695    17600 SH       SOLE                  17600                 
D WM. WRIGLEY JR. CO.            COM              982526105     
452     5000 SH       SOLE                   5000                 
D XEROX CORP.                    COM              984121103   
14199   272400 SH       SOLE                 272400               
 
D ELAN CORP. WTS CL. A EXP. 12/3                  284131703     
342     8000 SH       SOLE                   8000                 
S REPORT SUMMARY                 109 DATA RECORDS            
445308            0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS
FILED
</TABLE>



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