FORSTMANN LEFF ASSOCIATES INC
13F-HR, 1999-05-14
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<PAGE>

                                                               File No.: 28-1253


            INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS
        PURSUANT TO SECTION 13(F) OF THE SECURITIES EXCHANGE ACT OF 1934
                              AND RULES THEREUNDER

                       Securities and Exchange Commission
                              Washington D.C. 20549
                   Report for the Quarter Ended March 31, 1999

- --------------------------------------------------------------------------------
                       If amended report check here: /__ /

Name of Institutional Investment Manager:
Forstmann-Leff Associates Inc.              File No: 28-1253
- --------------------------------------------------------------------------------

Business Address:
590 Madison Avenue            New York         New York               10022-2524
- --------------------------------------------------------------------------------
Street                          City            State                    Zip 

Name, Phone No. and Title of Person Duly Authorized to Submit This Report:
Peter Lusk, Executive Vice President, Director of Marketing and Client Relations
and Assistant Secretary (212) 644-9888
================================================================================
ATTENTION--Intentional  misstatements or omissions of facts  constitute  Federal
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff (a).
================================================================================

The institutional investment manager submitting this Form and its attachments
and the person by whom it is signed represent hereby that all information
contained therein is true, correct, and complete. It is understood that all
required items, statements and schedules are considered integral parts of this
Form and that the submission of any amendment represents that all unamended
items, statements and schedules remain true, correct and complete as previously
submitted.

Pursuant to the requirements of the Securities and Exchange Act of 1934, the
undersigned institutional investment manager has caused this report to be signed
on its behalf in the City of New York and State of New York as of the 11th day
of May, 1999.


                                   Forstmann-Leff Associates Inc.
                                   --------------------------------------------
                                   (Name of Institutional Investment Manager)

                                   /S/ Peter Lusk
                                   --------------------------------------------



                               Page 1 of 23 pages

<PAGE>


Name and 13F file numbers of ALL Institutional Investment Mangers with respect
to which this schedule is filed (other than one filing this report). (List in
alphabetical order).

     13F file Numbers will be assigned to the Institutional Investment Managers
after they file their first report.

Name:                                                               13F File No.
- --------------------------------------------------------------------------------
1.   FLA Asset Management Inc.                                         28-720
- --------------------------------------------------------------------------------
2.   Stamford Advisers Corp.                                           28-1984
- --------------------------------------------------------------------------------
3.   Forstmann-Leff Associates L.P.                                    28-5790
- --------------------------------------------------------------------------------
4.   FLA Advisers L.L.C.                                               28-6618
- --------------------------------------------------------------------------------

The reports on Form 13F for the period ended March 31, 1999, for FLA Asset
Management Inc.) an investment adviser under the Investment Advisers Act of
1940, File No. 801-13742), Stamford Advisers Corp. (an investment adviser
registered under the Investment Advisers Act of 1940, File No. 801-32457),
Forstmann-Leff Associates L.P. (an investment adviser registered under the
Investment Advisers Act of 1940, File No. 801-44176) and FLA Advisers L.L.C. (an
investment adviser registered under the Investment Advisers Act of 1940, File
No. 801-54372) are being filed by Forstmann-Leff Associates Inc. Forstmann-Leff
Associates Inc. is the parent company of FLA Asset Management Inc. FLA Asset
Management Inc. is the general partner of Forstmann-Leff Associates L.P. The
managing members of FLA Advisers L.L.C. are principals of Forstmann-Leff
Associates Inc.. FLA Advisers L.L.C. is the parent company of Stamford Advisers
Corp.



                               Page 2 of 23 pages

<PAGE>


<TABLE>
<CAPTION>
                                    Form 13F
                Reporting Manager: Forstmann-Leff Associates Inc.
                          Quarter Ending March 31, 1999

Item 1                                  Item 2  Item 3    Item 4   Item 5         Item 6             Item 7           Item 8 
- ------                                  ------  ------    ------   ------         ------             ------           ------ 
                                                                                                     Mana-
                                                                             Investment Discretion   gers        Voting Authority
                                        Title              Fair  Shares of   -------------------------------------------------------
Name of Issuer                            of              Market Principal   Sole     Shared   Other         Sole    Shared   None
                                        Class   CUSIP     Value     Amount   (A)       (B)      (C)          (A)       (B)     (C) 
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                      <C>  <C>        <C>       <C>      <C>      <C>       <C>  <C>  <C>      <C>       <C>
A T & T Co.                              COM  001957109   2278647    28550              28550        3               28550       
ALCOA Inc.                               COM  013817101    494250    12000              12000        4               12000
AT&T Corp Com Lib Grp A                  COM  001957208   2945031    56000    56000                        56000
AT&T Corp Com Lib Grp A                  COM  001957208  10457490   198850             198850        1                       198850
AT&T Corp Com Lib Grp A                  COM  001957208  14791735   281266             281266        4              281266
Aastra Technologies Limited              COM  002922201     25190    10000              10000        4               10000
Abbott Labs                              COM  002824100    589838    12600              12600        2               12600
Abbott Labs                              COM  002824100    196613     4200               4200        1                         4200
Abbott Labs                              COM  002824100   7070092   151030             151030        3              151030
Abbott Labs                              COM  002824100    524300    11200                     11200                          11200
Adelphia Communication (Class A)         COM  006848105  18480420   293340   293340                       276450              16890
Adelphia Communication (Class A)         COM  006848105   4926600    78200              78200        1               18300    59900
Adelphia Communication (Class A)         COM  006848105  17274600   274200             274200        4              274200
Aetna Inc.                               COM  008117103  18670850   224950   224950                       184850              40100
Aetna Inc.                               COM  008117103  10300300   124100             124100        1               42400    81700
Aetna Inc.                               COM  008117103  14014550   168850             168850        4              168850
Aetna Inc.                               COM  008117103    518750     6250               6250        2                6250
Air Products & Chemicals, Inc.           COM  009158106    469225    13700              13700        2               13700
Air Products & Chemicals, Inc.           COM  009158106     71925     2100               2100        1                         2100
Akita Drilling Ltd. (Class A {akt/a})    COM  009905100     26635     4900     4900                         4900
Akita Drilling Ltd. (Class A {akt/a})    COM  009905100   2526007   464700             464700        4              464700
Allied Domecq Plc-ADR                    COM  019121102    226125    27000              27000        3               27000
Allstate Corp.                           COM  020002101   2631734    71008              71008        3               71008
Allstate Corp.                           COM  020002101     18828      508                       508                            508
Alltel Corp.                             COM  020039103   3493000    56000              56000        3               56000
AmeriCredit Corp.                        COM  03060R101    341250    26000              26000        3               26000
America Online Inc.                      COM  02364J104   1029000     7000               7000        4                7000
America Online Inc.                      COM  02364J104   1264200     8600               8600        2                8600
America Online Inc.                      COM  02364J104    352800     2400               2400        1                         2400
American Electric Power Co., Inc.        COM  025537101   2422922    61050    61050                        50250              10800
American Electric Power Co., Inc.        COM  025537101   3797102    95675              95675        1               24125    71550
American Express Co.                     COM  025816109  11810325   100300   100300                        82600              17700
American Express Co.                     COM  025816109   8089425    68700              68700        1               19650    49050
American Express Co.                     COM  025816109    906675     7700               7700        3                7700
American Home Products Corp.             COM  026609107    880875    13500              13500        4               13500
</TABLE>


                               Page 3 of 23 pages

<PAGE>


<TABLE>
<CAPTION>
                                    Form 13F
                Reporting Manager: Forstmann-Leff Associates Inc.
                          Quarter Ending March 31, 1999

Item 1                                  Item 2  Item 3    Item 4   Item 5         Item 6             Item 7           Item 8 
- ------                                  ------  ------    ------   ------         ------             ------           ------ 
                                                                                                     Mana-
                                                                             Investment Discretion   gers        Voting Authority
                                        Title              Fair  Shares of   -------------------------------------------------------
Name of Issuer                            of              Market Principal   Sole     Shared   Other         Sole    Shared   None
                                        Class   CUSIP     Value     Amount   (A)       (B)      (C)          (A)       (B)     (C) 
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                      <C>  <C>        <C>       <C>      <C>      <C>       <C>  <C>  <C>      <C>       <C>
American Home Products Corp.             COM  026609107   1592100    24400              24400        2               24400
American Home Products Corp.             COM  026609107    352350     5400               5400        1                         5400
American Home Products Corp.             COM  026609107    352350     5400               5400        3                5400
American International Group, Inc.       COM  026874107  13540156   112250   112250                        67650              44600
American International Group, Inc.       COM  026874107   5551766    46025              46025        1               38450     7575
American International Group, Inc.       COM  026874107    832313     6900               6900        4                6900
American International Group, Inc.       COM  026874107   2442656    20250              20250        2               20250
American International Group, Inc.       COM  026874107   3148795    26104              26104        3               26104
American Medical Security Group          COM  02744P101    280000    20000              20000        4               20000
American Standard Co.                    COM  029712106    996875    29000              29000        3               29000
Amgen Inc.                               COM  031162100    299500     4000               4000        3                4000
Amkor Technologies Inc.                  COM  031652100    338625    43000              43000        3               43000
Anderson Exploration Ltd.                COM  033901109   1023985   106900   106900                       106900
Anderson Exploration Ltd.                COM  033901109   1774971   185300             185300        1                       185300
Anderson Exploration Ltd.                COM  033901109    957891   100000             100000        4              100000
Anheuser-Busch Inc.                      COM  035229103    609000     8000               8000        4                8000
Anheuser-Busch Inc.                      COM  035229103    411075     5400               5400        3                5400
Apache Corp.                             COM  037411105   5377345   206325   206325                       206200                125
Apache Corp.                             COM  037411105   2574975    98800              98800        1                        98800
Apache Corp.                             COM  037411105   9877688   379000             379000        4              379000
Apartment Investment & Management Co.    COM  03748R101   1108344    30575              30575        1                        30575
Apartment Investment & Management Co.    COM  03748R101    181359     5003               5003        2                5003
Apartment Investment & Management Co.    COM  03748R101    174725     4820               4820        4                4820
Aracrus Celulose (ADS)                   COM  038496204   1956050   134900             134900        4              134900
Ascend Communications, Inc.              COM  043491109  22771369   272100             272100        4              272100
Astoria Financial Corp.                  COM  046265104    100000     2000     2000                         2000
Astoria Financial Corp.                  COM  046265104    350000     7000               7000        4                7000
At Home Corp.                            COM  045919107    472500     3000               3000        4                3000
Atlantic Richfield Co.                   COM  048825103    171844     2350     2350                         2350
Atlantic Richfield Co.                   COM  048825103    146250     2000               2000        1                         2000
Atlantic Richfield Co.                   COM  048825103     73125     1000               1000        4                1000
Atlantic Richfield Co.                   COM  048825103    232172     3175               3175        2                3175
Atlantic Richfield Co.                   COM  048825103    765180    10464              10464        3               10464
Atwood Oceanics, Inc.                    COM  050095108   3750000   125000   125000                       125000
Atwood Oceanics, Inc.                    COM  050095108   3702000   123400             123400        1                       123400
</TABLE>


                               Page 4 of 23 pages

<PAGE>


<TABLE>
<CAPTION>
                                    Form 13F
                Reporting Manager: Forstmann-Leff Associates Inc.
                          Quarter Ending March 31, 1999

Item 1                                  Item 2  Item 3    Item 4   Item 5         Item 6             Item 7           Item 8 
- ------                                  ------  ------    ------   ------         ------             ------           ------ 
                                                                                                     Mana-
                                                                             Investment Discretion   gers        Voting Authority
                                        Title              Fair  Shares of   -------------------------------------------------------
Name of Issuer                            of              Market Principal   Sole     Shared   Other         Sole    Shared   None
                                        Class   CUSIP     Value     Amount   (A)       (B)      (C)          (A)       (B)     (C) 
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                      <C>  <C>        <C>       <C>      <C>      <C>       <C>  <C>  <C>      <C>       <C>
Atwood Oceanics, Inc.                    COM  050095108   4339500   144650             144650        4              144650
Automatic Data Processing Inc.           COM  053015103    339275     8200               8200        1                         8200
Automatic Data Processing Inc.           COM  053015103   2933488    70900              70900        3               70900
Avon Products Inc.                       COM  054303102   3436504    73020              73020        3               73020
Avon Products Inc.                       COM  054303102    169425     3600                      3600                           3600
Axa-UAP (Sponsored ADR)                  COM  054536107    400813     6050               6050        3                6050
BP Amoco PLC                             COM  055622104   4233718    41918              41918        3               41918
BP Amoco PLC                             COM  055622104    160287     1587                      1587                           1587
Baker Hughes Inc.                        COM  057224107   2940597   120950   120950                        85850      4800    30300
Baker Hughes Inc.                        COM  057224107   2359528    97050              97050        1                        97050
Baker Hughes Inc.                        COM  057224107  12204875   502000             502000        4              502000
Baker Hughes Inc.                        COM  057224107     29175     1200               1200        3                1200
Banc One Corp.                           COM  06423A103  10552728   191650   191650                       155450              36200
Banc One Corp.                           COM  06423A103   7427931   134900             134900        1               31150   103750
Banc One Corp.                           COM  06423A103    275313     5000               5000        4                5000
Banc One Corp.                           COM  06423A103    602934    10950              10950        2               10950
Banc One Corp.                           COM  06423A103   2230582    40510              40510        3               40510
BancWest Corporation                     COM  059790105    212500     5000               5000        3                5000
Bank New York, Inc.                      COM  064057102   1365625    38000              38000        3               38000
Bank of Tokyo-Mitsubishi (Sponsored ADR) COM  065379109    210000    15000              15000        4               15000
BankAmerica Corporation (New)            COM  06605F102   3922866    55545              55545        3               55545
Barnes & Noble Inc.                      COM  067774109  94198210  2932240  2932240                      2464780     14900   452560
Barnes & Noble Inc.                      COM  067774109  61374813  1910500            1910500        1              535750  1374750
Barnes & Noble Inc.                      COM  067774109 163484125  5089000            5089000        4             5089000
Barnes & Noble Inc.                      COM  067774109   1570913    48900              48900        2               48900
Barnes & Noble Inc.                      COM  067774109   3511263   109300             109300        3              109300
Basin Exploration Inc.                   COM  070107107    693750    50000              50000        4               50000
Baxter International Inc.                COM  071813109    198000     3000               3000        4                3000
Baxter International Inc.                COM  071813109    145794     2209               2209        3                2209
Baxter International Inc.                COM  071813109     59400      900                       900                            900
Bear Stearns Inc.                        COM  073902108   4562594   102100             102100        4              102100
Becton, Dickinson & Co.                  COM  075887109   2482650    64800              64800        3               64800
Bed Bath & Beyond, Inc.                  COM  075896100    912500    25000              25000        3               25000
Bell Atlantic Corp.                      COM  077853109    914662    17696              17696        3               17696
Bell Atlantic Corp.                      COM  077853109     79392     1536                      1536                           1536
</TABLE>


                               Page 5 of 23 pages

<PAGE>


<TABLE>
<CAPTION>
                                    Form 13F
                Reporting Manager: Forstmann-Leff Associates Inc.
                          Quarter Ending March 31, 1999

Item 1                                  Item 2  Item 3    Item 4   Item 5         Item 6             Item 7           Item 8 
- ------                                  ------  ------    ------   ------         ------             ------           ------ 
                                                                                                     Mana-
                                                                             Investment Discretion   gers        Voting Authority
                                        Title              Fair  Shares of   -------------------------------------------------------
Name of Issuer                            of              Market Principal   Sole     Shared   Other         Sole    Shared   None
                                        Class   CUSIP     Value     Amount   (A)       (B)      (C)          (A)       (B)     (C) 
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                      <C>  <C>        <C>       <C>      <C>      <C>       <C>  <C>  <C>      <C>       <C>
Bellsouth Corp.                          COM  079860102    641000    16000              16000        4               16000
Bellsouth Corp.                          COM  079860102     36056      900                900        3                 900
Best Buy, Co. Inc.                       COM  086516101 304044780  5847015  5847015                      4677950     43000  1126065
Best Buy, Co. Inc.                       COM  086516101 226636800  4358400            4358400        1             1119700  3238700
Best Buy, Co. Inc.                       COM  086516101 532818000  0246500           10246500        4            10246500
Best Buy, Co. Inc.                       COM  086516101   3645200    70100              70100        2               70100
Boise Cascade Corp.                      COM  097383103  36574080  1134080  1134080                       909550             224530
Boise Cascade Corp.                      COM  097383103  19305656   598625             598625        1              222725   375900
Boise Cascade Corp.                      COM  097383103  33625463  1042650            1042650        4             1042650
Boise Cascade Corp.                      COM  097383103    377325    11700              11700        2               11700
Bowater Inc.                             COM  102183100    966850    24400              24400        2               24400
Bowater Inc.                             COM  102183100    293225     7400               7400        1                         7400
Bristol-Myers Squibb Co.                 COM  110122108   1325207    20666              20666        3               20666
Bristol-Myers Squibb Co.                 COM  110122108    333450     5200                      5200                           5200
British Airways (PLC Sponsored ADR)      COM  110419306   2268056    33050              33050        3               33050
Burlington Northern Santa Fe             COM  12189T104   1662324    50565              50565        3               50565
Burlington Northern Santa Fe             COM  12189T104     34519     1050                      1050                           1050
Burlington Resources, Inc.               COM  122014103   2268450    56800              56800        3               56800
CBS Corporation                          COM  12490K107   5611719   137500             137500        4              137500
CGI Group Inc.                           COM  39945C109    542749    25000              25000        4               25000
Cable & Wireless plc (SPONSORED ADR)     COM  126830207   4801875   130000             130000        4              130000
Cablevision Systems Corp.                COM  12686C109  16492813   222500             222500        4              222500
Cablevision Systems Corp.                COM  12686C109    103775     1400               1400        1                1400
Cal Dive International Inc.              COM  127914109    313125    15000              15000        4               15000
Campbell Soup Co.                        COM  134429109   3035288    74600              74600        3               74600
Canadian Natural Resources               COM  136385101   1706305    99000              99000        4               99000
Catronix Inc.                            COM  149200ZZ1         0    88689              88689        2               88689
Cbrl Group Inc.                          COM  12489V106     27000     1500     1500                         1500
Cbrl Group Inc.                          COM  12489V106   1065600    59200              59200        3               59200
Centocor, Inc.                           COM  152342101   1108125    30000              30000        4               30000
Century Communications Corp. cl A        COM  156503104   3932095    84675    84675                        84600                 75
Century Communications Corp. cl A        COM  156503104  22735800   489600             489600        4              489600
Century Communications Corp. cl A        COM  156503104    329706     7100               7100        1                         7100
Charles Schwab Corp.                     COM  808513105   3796938    39500    39500                        39500
Charles Schwab Corp.                     COM  808513105   2643438    27500              27500        1                        27500
</TABLE>


                               Page 6 of 23 pages

<PAGE>


<TABLE>
<CAPTION>
                                    Form 13F
                Reporting Manager: Forstmann-Leff Associates Inc.
                          Quarter Ending March 31, 1999

Item 1                                  Item 2  Item 3    Item 4   Item 5         Item 6             Item 7           Item 8 
- ------                                  ------  ------    ------   ------         ------             ------           ------ 
                                                                                                     Mana-
                                                                             Investment Discretion   gers        Voting Authority
                                        Title              Fair  Shares of   -------------------------------------------------------
Name of Issuer                            of              Market Principal   Sole     Shared   Other         Sole    Shared   None
                                        Class   CUSIP     Value     Amount   (A)       (B)      (C)          (A)       (B)     (C) 
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                      <C>  <C>        <C>       <C>      <C>      <C>       <C>  <C>  <C>      <C>       <C>
Chase Manhattan Corp.                    COM  16161A108  15975947   196325   196325                       162425              33900
Chase Manhattan Corp.                    COM  16161A108  11349778   139475             139475        1               37350   102125
Chase Manhattan Corp.                    COM  16161A108    439425     5400               5400        4                5400
Chase Manhattan Corp.                    COM  16161A108   1603088    19700              19700        2               19700
Chase Manhattan Corp.                    COM  16161A108     16275      200                200        3                 200
Chaus (Bernard) Inc.                     COM  162510200   2056000  1028000            1028000        4             1028000
Check Point Software Technologies Ltd.OR COM  M22465104    301000     7000               7000        4                7000
Chemfab Corp.                            COM  16361L102    435947    26421                     26421                          26421
Chevron Corp.                            COM  166751107   9904500   111600   111600                        91100       800    19700
Chevron Corp.                            COM  166751107   6727250    75800              75800        1               21600    54200
Chevron Corp.                            COM  166751107   1376956    15515              15515        2               15515
Chevron Corp.                            COM  166751107   1250665    14092              14092        3               14092
Chieftain International, Inc.            COM  16867C101   3632125   296500             296500        4              296500
China Strategic Investment Ltd.          COM   691.hk     1237775  8493200           68493200        4            68493200
China Tire Holdings Ltd.                 COM  G2107X108   1853363   449300   449300                       449300
China Tire Holdings Ltd.                 COM  G2107X108   5241308  1270620            1270620        4             1270620
China Tire Holdings Ltd.                 COM  G2107X108     23100     5600               5600        1                         5600
Chubb Corp.                              COM  171232101     40994      700      700                          700
Chubb Corp.                              COM  171232101   2017478    34450              34450        3               34450
Cigna Corp.                              COM  125509109  15318830   182775   182775                       139475              43300
Cigna Corp.                              COM  125509109   8448300   100800             100800        1               40500    60300
Cigna Corp.                              COM  125509109    377156     4500               4500        4                4500
Cigna Corp.                              COM  125509109    444206     5300               5300        2                5300
Cigna Corp.                              COM  125509109    184052     2196               2196        3                2196
Cintas Corp.                             COM  172908105    523000     8000               8000        3                8000
Circuit City Store, Inc.                 COM  172737108  55244326   720970   720970                       627075     10400    83495
Circuit City Store, Inc.                 COM  172737108  33124988   432300             432300        1              107650   324650
Circuit City Store, Inc.                 COM  172737108  59997375   783000             783000        4              783000
Circus Circus Enterprises, Inc.          COM  172909103   3688125   210000             210000        4              210000
Cisco Systems Inc.                       COM  17275R102  12255880   111862   111862                        91962       850    19050
Cisco Systems Inc.                       COM  17275R102   8318533    75925              75925        1               21575    54350
Cisco Systems Inc.                       COM  17275R102    208169     1900               1900        4                1900
Cisco Systems Inc.                       COM  17275R102    671673     6130               6130        2                6130
Cisco Systems Inc.                       COM  17275R102   2177555    19875              19875        3               19875
Citic Pacific HKD .40 (ORD)              COM  0h0267107    117785    56000              56000        3               56000
</TABLE>


                               Page 7 of 23 pages

<PAGE>


<TABLE>
<CAPTION>
                                    Form 13F
                Reporting Manager: Forstmann-Leff Associates Inc.
                          Quarter Ending March 31, 1999

Item 1                                  Item 2  Item 3    Item 4   Item 5         Item 6             Item 7           Item 8 
- ------                                  ------  ------    ------   ------         ------             ------           ------ 
                                                                                                     Mana-
                                                                             Investment Discretion   gers        Voting Authority
                                        Title              Fair  Shares of   -------------------------------------------------------
Name of Issuer                            of              Market Principal   Sole     Shared   Other         Sole    Shared   None
                                        Class   CUSIP     Value     Amount   (A)       (B)      (C)          (A)       (B)     (C) 
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                      <C>  <C>        <C>       <C>      <C>      <C>       <C>  <C>  <C>      <C>       <C>
Citigroup Inc.                           COM  172967101    249113     3900               3900        4                3900
Citigroup Inc.                           COM  172967101    127750     2000               2000        3                2000
Claridge Hotel & Casino Corp. (RSTD)     COM  131991911         0    21076              21076        3               21076
Coastal Corp.                            COM  190441105  13391400   405800   405800                       338550              67250
Coastal Corp.                            COM  190441105   9556800   289600             289600        1               75100   214500
Coastal Corp.                            COM  190441105  18480000   560000             560000        4              560000
Coastal Corp.                            COM  190441105    633600    19200              19200        2               19200
Coca-Cola Co.                            COM  191216100   5380194    87661              87661        3               87661
Coca-Cola Co.                            COM  191216100    116613     1900                      1900                           1900
Coca-Cola Femsa S.A. (De Sponsored ADR)  COM  191241108    685125    42000              42000        3               42000
Comcast Corp. (Class A special)          COM  200300200  55183600   876800   876800                       684600      8000   184200
Comcast Corp. (Class A special)          COM  200300200  34659681   550700             550700        1              179800   370900
Comcast Corp. (Class A special)          COM  200300200  76991444  1223300            1223300        4             1223300
Comcast Corp. (Class A special)          COM  200300200   2435681    38700              38700        2               38700
Comdisco, Inc.                           COM  200336105   1465750    82000              82000        4               82000
Computalog Ltd.                          COM  204908305    724437   212200             212200        4              212200
Computer Associates International, Inc.  COM  204912109    965522    27150              27150        3               27150
Computer Associates International, Inc.  COM  204912109     37341     1050                      1050                           1050
Computer Sciences Corp.                  COM  205363104   2955291    53550    53550                        39950      4700     8900
Computer Sciences Corp.                  COM  205363104   2160591    39150              39150        1                9750    29400
Computer Sciences Corp.                  COM  205363104    551875    10000              10000        4               10000
Comsat Corp.                             COM  20564D107   4851372   167650   167650                       167600                 50
Comsat Corp.                             COM  20564D107   5370800   185600             185600        1                4300   181300
Comsat Corp.                             COM  20564D107   8319531   287500             287500        4              287500
Comsat Corp.                             COM  20564D107    133113     4600               4600        2                4600
Cooper Cameron Corp.                     COM  216640102   7315306   215950   215950                       142650      3500    69800
Cooper Cameron Corp.                     COM  216640102   2847194    84050              84050        1               76050     8000
Costco Companies, Inc.                   COM  22160Q102   1264844    13814              13814        2               13814
Costco Companies, Inc.                   COM  22160Q102    564941     6170               6170        1                         6170
County Seat Stores Inc.                  COM  222581100     12500   200000             200000        4              200000
Cox Communications                       COM  224044107  23167719   306350   306350                       203950             102400
Cox Communications                       COM  224044107   6704156    88650              88650        1               84750     3900
Cox Communications                       COM  224044107   5596250    74000              74000        4               74000
Cox Communications                       COM  224044107    812969    10750              10750        2               10750
DELIA*S Inc.                             COM  246885107    482108    15305    15305                        15305
</TABLE>


                               Page 8 of 23 pages

<PAGE>


<TABLE>
<CAPTION>
                                    Form 13F
                Reporting Manager: Forstmann-Leff Associates Inc.
                          Quarter Ending March 31, 1999

Item 1                                  Item 2  Item 3    Item 4   Item 5         Item 6             Item 7           Item 8 
- ------                                  ------  ------    ------   ------         ------             ------           ------ 
                                                                                                     Mana-
                                                                             Investment Discretion   gers        Voting Authority
                                        Title              Fair  Shares of   -------------------------------------------------------
Name of Issuer                            of              Market Principal   Sole     Shared   Other         Sole    Shared   None
                                        Class   CUSIP     Value     Amount   (A)       (B)      (C)          (A)       (B)     (C) 
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                      <C>  <C>        <C>       <C>      <C>      <C>       <C>  <C>  <C>      <C>       <C>
Dallas Semiconductor Corp.               COM  235204104    772500    20000              20000        3               20000
Dayton-Hudson Corp.                      COM  239753106    999375    15000              15000        4               15000
Decora Industries, Inc.                  COM  243593308    157560    24240              24240        4               24240
Deere & Co.                              COM  244199105    672075    17400              17400        3               17400
Delta Air Lines, Inc.                    COM  247361108   2693125    38750    38750                        34250       500     4000
Delta Air Lines, Inc.                    COM  247361108   3992775    57450              57450        1               11400    46050
Delta Air Lines, Inc.                    COM  247361108   6950000   100000             100000        4              100000
Delta Air Lines, Inc.                    COM  247361108    264100     3800               3800        2                3800
Delta Air Lines, Inc.                    COM  247361108     20850      300                300        3                 300
Destiny Resources Services Corp.         COM  250904109     64264   116800   116800                       116800
Destiny Resources Services Corp.         COM  250904109    102118   185600             185600        4              185600
Digital Generation Systems               COM  253921100     87500    20000    20000                        20000
Disney (Walt) Co.                        COM  254687106    871500    28000              28000        4               28000
Disney (Walt) Co.                        COM  254687106   6049766   194370             194370        3              194370
Disney (Walt) Co.                        COM  254687106    189863     6100                      6100                           6100
Du Pont, E.I. de Nemours                 COM  263534109     63869     1100     1100                         1100
Du Pont, E.I. de Nemours                 COM  263534109   5269694    90759              90759        3               90759
Du Pont, E.I. de Nemours                 COM  263534109    127738     2200                      2200                           2200
EMC Corp.                                COM  268648102  59281749   464045   464045                       391770      3300    68975
EMC Corp.                                COM  268648102  39089584   305985             305985        1               70075   235910
EMC Corp.                                COM  268648102   1699075    13300              13300        4               13300
EMC Corp.                                COM  268648102   2529450    19800              19800        2               19800
EXCO Resources, Inc.                     COM  269279204     62500    10000              10000        4               10000
Edison International Inc.                COM  281020107   7705175   346300   346300                       295500              50800
Edison International Inc.                COM  281020107   5030169   226075             226075        1               60425   165650
Edison International Inc.                COM  281020107    502850    22600              22600        2               22600
Encal Energy Ltd.                        COM  29250D107   1777832   412600             412600        4              412600
Equifax Inc.                             COM  294429105   1777188    51700              51700        3               51700
Estee Lauder Cos.                        COM  518439104   3671325    38850              38850        3               38850
Exxon Corp.                              COM  302290101  14119556   200100   200100                       130400      2900    66800
Exxon Corp.                              COM  302290101   7253825   102800             102800        1               54100    48700
Exxon Corp.                              COM  302290101    984347    13950              13950        2               13950
Exxon Corp.                              COM  302290101   5354071    75877              75877        3               75877
Exxon Corp.                              COM  302290101    366925     5200                      5200                           5200
FDX Corp.                                COM  31304N107   2092500    22500              22500        3               22500
</TABLE>


                               Page 9 of 23 pages

<PAGE>


<TABLE>
<CAPTION>
                                    Form 13F
                Reporting Manager: Forstmann-Leff Associates Inc.
                          Quarter Ending March 31, 1999

Item 1                                  Item 2  Item 3    Item 4   Item 5         Item 6             Item 7           Item 8 
- ------                                  ------  ------    ------   ------         ------             ------           ------ 
                                                                                                     Mana-
                                                                             Investment Discretion   gers        Voting Authority
                                        Title              Fair  Shares of   -------------------------------------------------------
Name of Issuer                            of              Market Principal   Sole     Shared   Other         Sole    Shared   None
                                        Class   CUSIP     Value     Amount   (A)       (B)      (C)          (A)       (B)     (C) 
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                      <C>  <C>        <C>       <C>      <C>      <C>       <C>  <C>  <C>      <C>       <C>
Family Dollar Stores, Inc.               COM  307000109    506000    22000              22000        4               22000
Federal National Mortgage Assoc.         COM  313586109    692500    10000              10000        4               10000
First Pacific Co. Ltd. (ORD)             COM  G34804107     40351    67251              67251        3               67251
First Security Corp.                     COM  336294103    234647    12150              12150        3               12150
First Union Corp.                        COM  337358105   1346625    25200              25200        3               25200
Focus Surgery, Inc.                      COM  344163100     47572  3659375            3659375        4             3659375
Foodmaker, Inc.                          COM  344839204    510000    20000              20000        4               20000
Ford Motor Co.                           COM  345370100    158725     2800               2800        4                2800
Ford Motor Co.                           COM  345370100   1805497    31850              31850        3               31850
Forest Oil Corporation                   COM  346091606   3655613   487415   487415                       487100                315
Forest Oil Corporation                   COM  346091606   1773750   236500             236500        1                5000   231500
Forest Oil Corporation                   COM  346091606   1919813   255975             255975        4              255975
Foster Wheeler Corp.                     COM  350244109    200063    16500              16500        3               16500
Freddie Mac (Federal Home Loan Mtg Corp. COM  313400301   1558900    27200              27200        2               27200
Freddie Mac (Federal Home Loan Mtg Corp. COM  313400301    573125    10000              10000        1                        10000
GTE Corp.                                COM  362320103    849420    14040              14040        3               14040
GTE Corp.                                COM  362320103     30250      500                       500                            500
Gannett, Inc.                            COM  364730101   2507400    39800              39800        3               39800
Gap, Inc.                                COM  364760108   3459863    51400              51400        3               51400
Gemstar International Group Ltd.         COM  G3788V106    820225    10900              10900        4               10900
General Dynamics Corp.                   COM  369550108   2364400    36800    36800                        36800
General Dynamics Corp.                   COM  369550108   2410981    37525              37525        1                        37525
General Electric Co.                     COM  369604103   1460250    13200              13200        4               13200
General Electric Co.                     COM  369604103   2926031    26450              26450        2               26450
General Electric Co.                     COM  369604103   1039875     9400               9400        1                         9400
General Electric Co.                     COM  369604103  13672365   123592             123592        3              123592
General Electric Co.                     COM  369604103   1227938    11100                     11100                          11100
General Instrument Corp.                 COM  370120107  11986927   395445   395445                       363250              32195
General Instrument Corp.                 COM  370120107   3883789   128125             128125        1               31825    96300
General Instrument Corp.                 COM  370120107   9196813   303400             303400        4              303400
General Motors Corp.                     COM  370442105    817800     9400               9400        2                9400
General Motors Corp.                     COM  370442105    287100     3300               3300        1                         3300
General Motors Corp.                     COM  370442105     13050      150                150        3                 150
General Nutrition Cos., Inc.             COM  37047F103  39737110  2838365  2838365                      2505625             332740
General Nutrition Cos., Inc.             COM  37047F103  17585050  1256075            1256075        1              337225   918850
</TABLE>


                               Page 10 of 23 pages

<PAGE>


<TABLE>
<CAPTION>
                                    Form 13F
                Reporting Manager: Forstmann-Leff Associates Inc.
                          Quarter Ending March 31, 1999

Item 1                                  Item 2  Item 3    Item 4   Item 5         Item 6             Item 7           Item 8 
- ------                                  ------  ------    ------   ------         ------             ------           ------ 
                                                                                                     Mana-
                                                                             Investment Discretion   gers        Voting Authority
                                        Title              Fair  Shares of   -------------------------------------------------------
Name of Issuer                            of              Market Principal   Sole     Shared   Other         Sole    Shared   None
                                        Class   CUSIP     Value     Amount   (A)       (B)      (C)          (A)       (B)     (C) 
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                      <C>  <C>        <C>       <C>      <C>      <C>       <C>  <C>  <C>      <C>       <C>
General Nutrition Cos., Inc.             COM  37047F103  14038500  1002750            1002750        4             1002750
Gillette Co.                             COM  375766102   2021113    34004              34004        3               34004
Gillette Co.                             COM  375766102     32215      542                       542                            542
Glaxo Wellcome (PLC Sponsored ADR)       COM  37733W105    655988     9800               9800        3                9800
Golden State Bancorp Inc.                COM  381197102    556250    25000              25000        4               25000
Golden West Financial Corp.              COM  381317106     59688      625      625                          525                100
Golden West Financial Corp.              COM  381317106     45363      475                475        1                 250      225
Golden West Financial Corp.              COM  381317106    143250     1500               1500        4                1500
Golden West Financial Corp.              COM  381317106      9550      100                100        2                 100
Goodyear Tire & Rubber Co.               COM  382550101   1818156    36500    36500                        36500
Goodyear Tire & Rubber Co.               COM  382550101   3008675    60400              60400        1                        60400
Groupe Danone-Sponsored ADR              COM  399449107    224438     4500               4500        3                4500
Grupo Financiero Bancomer S.A. de CV2402 COM  P4949K138    857895  2500000            2500000        4             2500000
Grupo Financiero Banorte S.A. de CV 2392 COM  P49501128    524632   400000             400000        4              400000
Halliburton Co.                          COM  406216101   7696150   199900   199900                       163700      1900    34300
Halliburton Co.                          COM  406216101   6587350   171100             171100        1               34000   137100
Halliburton Co.                          COM  406216101  21637000   562000             562000        4              562000
Halliburton Co.                          COM  406216101    308000     8000               8000        2                8000
Halliburton Co.                          COM  406216101   2283050    59300              59300        3               59300
Healthsouth Corp.                        COM  421924101  33349691  3214428  3214428                      2889030             325398
Healthsouth Corp.                        COM  421924101  25027519  2412291            2412291        1              481383  1930908
Healthsouth Corp.                        COM  421924101  40817149  3934183            3934183        4             3934183
Healthsouth Corp.                        COM  421924101   1133988   109300             109300        2              109300
Heinz (H.J.) & Co.                       COM  423074103    611611    12910              12910        3               12910
Heinz (H.J.) & Co.                       COM  423074103     85275     1800                      1800                           1800
Hercules, Inc.                           COM  427056106    229775     9100               9100        3                9100
Hershey Foods Corp.                      COM  427866108   1222163    21800              21800        3               21800
Hershey Foods Corp.                      COM  427866108     44850      800                       800                            800
Hewlett-Packard Co.                      COM  428236103   2373438    35000              35000        4               35000
Hewlett-Packard Co.                      COM  428236103   4849950    71520              71520        3               71520
Hewlett-Packard Co.                      COM  428236103     81375     1200                      1200                           1200
Home Depot, Inc.                         COM  437076102    149400     2400               2400        4                2400
Home Depot, Inc.                         COM  437076102   5309925    85300              85300        3               85300
Houston Exploration Company              COM  442120101   2998925   172600             172600        4              172600
Houston Exploration Company              COM  442120101    759288    43700              43700        2               43700
</TABLE>


                               Page 11 of 23 pages

<PAGE>


<TABLE>
<CAPTION>
                                    Form 13F
                Reporting Manager: Forstmann-Leff Associates Inc.
                          Quarter Ending March 31, 1999

Item 1                                  Item 2  Item 3    Item 4   Item 5         Item 6             Item 7           Item 8 
- ------                                  ------  ------    ------   ------         ------             ------           ------ 
                                                                                                     Mana-
                                                                             Investment Discretion   gers        Voting Authority
                                        Title              Fair  Shares of   -------------------------------------------------------
Name of Issuer                            of              Market Principal   Sole     Shared   Other         Sole    Shared   None
                                        Class   CUSIP     Value     Amount   (A)       (B)      (C)          (A)       (B)     (C) 
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                      <C>  <C>        <C>       <C>      <C>      <C>       <C>  <C>  <C>      <C>       <C>
Houston Exploration Company              COM  442120101    269313    15500              15500        1                        15500
IBM, Corp.                               COM  459200101    212700     1200               1200        4                1200
IBM, Corp.                               COM  459200101  11127401    62778              62778        3               62778
IDEC Pharmaceuticals Corp.               COM  449370105    256875     5000               5000        4                5000
Illinois Tool Works, Inc.                COM  452308109    808026    13059              13059        2               13059
Illinois Tool Works, Inc.                COM  452308109    216563     3500               3500        1                         3500
Infoseek Corp.                           COM  45678M107   2723200    36800    36800                        35500      1300
Infoseek Corp.                           COM  45678M107    421800     5700               5700        1                2000     3700
Infoseek Corp.                           COM  45678M107  26381000   356500             356500        4              356500
Insignia/ESG Holdings, Inc.              COM  45767A105   1094048    77799              77799        1                        77799
Insignia/ESG Holdings, Inc.              COM  45767A105    179058    12733              12733        2               12733
Insignia/ESG Holdings, Inc.              COM  45767A105    172491    12266              12266        4               12266
Intel Corp.                              COM  458140100   1604813    13500              13500        3               13500
InterTAN, Inc.                           COM  461120107   3567525   365900             365900        4              365900
Intermedia Communications Inc.           COM  458801107    292875    11000              11000        4               11000
International Flavors & Fragrances       COM  459506101    668613    17800              17800        3               17800
International Paper Co.                  COM  460146103   2109375    50000              50000        4               50000
Interpublic Group of Companies Inc.      COM  460690100    288138     3700               3700        3                3700
Intimate Brands, Inc.(CL A)              COM  461156101   5404438   112300   112300                       107300      5000
Intimate Brands, Inc.(CL A)              COM  461156101   1126125    23400              23400        1                4000    19400
Intimate Brands, Inc.(CL A)              COM  461156101  16059313   333700             333700        4              333700
Intuit Inc.                              COM  461202103   1129425    11100              11100        3               11100
J.P. Morgan & Co, Inc.                   COM  616880100     61688      500      500                          500
J.P. Morgan & Co, Inc.                   COM  616880100    209738     1700               1700        4                1700
J.P. Morgan & Co, Inc.                   COM  616880100    123375     1000               1000        2                1000
J.P. Morgan & Co, Inc.                   COM  616880100   4990519    40450              40450        3               40450
J.P. Morgan & Co, Inc.                   COM  616880100     37013      300                       300                            300
Johnson & Johnson                        COM  478160104   8377600    89600    89600                        73750       650    15200
Johnson & Johnson                        COM  478160104   6465525    69150              69150        1               16850    52300
Johnson & Johnson                        COM  478160104   1776500    19000              19000        4               19000
Johnson & Johnson                        COM  478160104   1954150    20900              20900        2               20900
Johnson & Johnson                        COM  478160104   8010145    85670              85670        3               85670
Johnson & Johnson                        COM  478160104    411400     4400                      4400                           4400
K Mart Corp.                             COM  482584109  50521731  3005010  3005010                      2441200             563810
K Mart Corp.                             COM  482584109  30014516  1785250            1785250        1              578650  1206600
</TABLE>


                               Page 12 of 23 pages

<PAGE>


<TABLE>
<CAPTION>
                                    Form 13F
                Reporting Manager: Forstmann-Leff Associates Inc.
                          Quarter Ending March 31, 1999

Item 1                                  Item 2  Item 3    Item 4   Item 5         Item 6             Item 7           Item 8 
- ------                                  ------  ------    ------   ------         ------             ------           ------ 
                                                                                                     Mana-
                                                                             Investment Discretion   gers        Voting Authority
                                        Title              Fair  Shares of   -------------------------------------------------------
Name of Issuer                            of              Market Principal   Sole     Shared   Other         Sole    Shared   None
                                        Class   CUSIP     Value     Amount   (A)       (B)      (C)          (A)       (B)     (C) 
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                      <C>  <C>        <C>       <C>      <C>      <C>       <C>  <C>  <C>      <C>       <C>
K Mart Corp.                             COM  482584109  48287181  2872100            2872100        4             2872100
K Mart Corp.                             COM  482584109   2229338   132600             132600        2              132600
Kerr Mcgee Corp.                         COM  492386107   4738125   144400   144400                        93200      5000    46200
Kerr Mcgee Corp.                         COM  492386107   1824375    55600              55600        1               50300     5300
Kerr Mcgee Corp.                         COM  492386107   3281250   100000             100000        4              100000
Koninklijke Philips Electronic Spons. AD COM  500472105  20609375   250000             250000        4              250000
Koninklijke Philips Electronic Spons. AD COM  500472105      1649       20                 20        3                  20
LWT Services Inc.                        COM  501950109     21644   326500   326500                       326500
LWT Services Inc.                        COM  501950109     22519   339700             339700        4              339700
Lilly, Eli & Co.                         COM  532457108    848750    10000              10000        4               10000
Limited, Inc.                            COM  532716107   1089688    27500              27500        4               27500
Louis Dreyfus National Gas Corp.         COM  546011107   3839600   264800             264800        4              264800
Lowes Companies, Inc.                    COM  548661107  24915413   411825   411825                       351550      3200    57075
Lowes Companies, Inc.                    COM  548661107  16903700   279400             279400        1               51850   227550
Lowes Companies, Inc.                    COM  548661107   1364275    22550              22550        2               22550
Lucent Technologies Inc.                 COM  549463107    555984     5148               5148        3                5148
MCI WorldCom Inc.                        COM  55268B106  85225908   962325   962325                       802025      6700   153600
MCI WorldCom Inc.                        COM  55268B106  73145983   825925             825925        1              150475   675450
MCI WorldCom Inc.                        COM  55268B106   4220446    47655              47655        4               47655
MCI WorldCom Inc.                        COM  55268B106   3577925    40400              40400        2               40400
MCN Corp.                                COM  55267J100   1796189   111825   111825                       111600                225
MCN Corp.                                COM  55267J100    141350     8800               8800        1                         8800
Madison Square Entertainment Inc. (RSTD) COM  126412915         0    25000              25000        3               25000
Mallon Resources Corp.                   COM  561240201   1067438   142325   142325                       142100                225
Mallon Resources Corp.                   COM  561240201    873000   116400             116400        4              116400
Mallon Resources Corp.                   COM  561240201     70500     9400               9400        1                         9400
Mannesmann AG                            COM   5460955   19006358   150000             150000        4              150000
Marine Drilling Companies Inc.           COM  568240204   3850000   350000             350000        4              350000
Marriott International Inc. (Class A)    COM  571903103   3101906    92250              92250        3               92250
Matritech, Inc.                          COM  576818108    314219   201100   201100                       201100
Matritech, Inc.                          COM  576818108   3255859  2083750            2083750        4             2083750
Matritech, Inc.                          COM  576818108     49844    31900              31900        1               31900
Matritech, Inc. Private Placement        COM   nmps.mn      19531    12500    12500                        12500
Mattel, Inc.                             COM  577081102     37406     1500     1500                         1500
Mattel, Inc.                             COM  577081102    249375    10000              10000        4               10000
</TABLE>


                               Page 13 of 23 pages

<PAGE>


<TABLE>
<CAPTION>
                                    Form 13F
                Reporting Manager: Forstmann-Leff Associates Inc.
                          Quarter Ending March 31, 1999

Item 1                                  Item 2  Item 3    Item 4   Item 5         Item 6             Item 7           Item 8 
- ------                                  ------  ------    ------   ------         ------             ------           ------ 
                                                                                                     Mana-
                                                                             Investment Discretion   gers        Voting Authority
                                        Title              Fair  Shares of   -------------------------------------------------------
Name of Issuer                            of              Market Principal   Sole     Shared   Other         Sole    Shared   None
                                        Class   CUSIP     Value     Amount   (A)       (B)      (C)          (A)       (B)     (C) 
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                      <C>  <C>        <C>       <C>      <C>      <C>       <C>  <C>  <C>      <C>       <C>
Mattel, Inc.                             COM  577081102   3451300   138398             138398        3              138398
May Dept. Stores Co., Inc.               COM  577778103    745331    19050              19050        3               19050
May Dept. Stores Co., Inc.               COM  577778103     23475      600                       600                            600
McDonald's Corp.                         COM  580135101   1504375    33200              33200        4               33200
McDonald's Corp.                         COM  580135101    235625     5200               5200        3                5200
McGraw Hill, Inc.                        COM  580645109    174400     3200               3200        4                3200
McGraw Hill, Inc.                        COM  580645109     81750     1500               1500        3                1500
MedPartners Inc.                         COM  58503X107    308750    65000    65000                        65000
MedPartners Inc.                         COM  58503X107      3168      667                667        3                 667
MedPartners Inc.                         COM  58503X107      1292      272                       272                            272
Medtronic, Inc.                          COM  585055106   1078125    15000              15000        4               15000
Medtronic, Inc.                          COM  585055106    521094     7250               7250        3                7250
Mellon Bank Corp.                        COM  585509102    844500    12000              12000        3               12000
Mercantile Bankshares                    COM  587405101   1195100    32300              32300        3               32300
Merck & Co., Inc.                        COM  589331107    208325     2600               2600        4                2600
Merck & Co., Inc.                        COM  589331107    741156     9250               9250        2                9250
Merck & Co., Inc.                        COM  589331107    268419     3350               3350        1                         3350
Merck & Co., Inc.                        COM  589331107  70629386   881490             881490        3              881490
Merck & Co., Inc.                        COM  589331107    729138     9100                      9100                           9100
Messagemedia Inc.                        COM  590787107     84375    10000    10000                        10000
Microsoft Corp.                          COM  594918104    430200     4800               4800        4                4800
Microsoft Corp.                          COM  594918104   3746325    41800              41800        2               41800
Microsoft Corp.                          COM  594918104   1362300    15200              15200        1                        15200
Microsoft Corp.                          COM  594918104   1828350    20400              20400        3               20400
Microsoft Corp.                          COM  594918104    555675     6200                      6200                           6200
Minnesota Mining & Manufacturing Co.     COM  604059105   1234588    17450              17450        3               17450
Mobil Corp.                              COM  607059102    281600     3200     3200                         3200
Mobil Corp.                              COM  607059102    492800     5600               5600        1                 100     5500
Mobil Corp.                              COM  607059102    352000     4000               4000        4                4000
Mobil Corp.                              COM  607059102    352000     4000               4000        2                4000
Mobil Corp.                              COM  607059102   3948824    44873              44873        3               44873
Montana Power Co.                        COM  612085100  14475261   196775   196775                       183450      1200    12125
Montana Power Co.                        COM  612085100   6228905    84675              84675        1               13875    70800
Montana Power Co.                        COM  612085100  26375834   358550             358550        4              358550
Montana Power Co.                        COM  612085100   1184356    16100              16100        2               16100
</TABLE>


                               Page 14 of 23 pages

<PAGE>


<TABLE>
<CAPTION>
                                    Form 13F
                Reporting Manager: Forstmann-Leff Associates Inc.
                          Quarter Ending March 31, 1999

Item 1                                  Item 2  Item 3    Item 4   Item 5         Item 6             Item 7           Item 8 
- ------                                  ------  ------    ------   ------         ------             ------           ------ 
                                                                                                     Mana-
                                                                             Investment Discretion   gers        Voting Authority
                                        Title              Fair  Shares of   -------------------------------------------------------
Name of Issuer                            of              Market Principal   Sole     Shared   Other         Sole    Shared   None
                                        Class   CUSIP     Value     Amount   (A)       (B)      (C)          (A)       (B)     (C) 
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                      <C>  <C>        <C>       <C>      <C>      <C>       <C>  <C>  <C>      <C>       <C>
Morgan Stanley, Dean Witter, Discover Co COM  617446448    249844     2500               2500        4                2500
Morgan Stanley, Dean Witter, Discover Co COM  617446448     21387      214                214        3                 214
Morgan Stanley, Dean Witter, Discover Co COM  617446448     21387      214                       214                            214
Motorola, Inc.                           COM  620076109  16327425   222900   222900                       201000      5100    16800
Motorola, Inc.                           COM  620076109   2541775    34700              34700        1               22800    11900
Motorola, Inc.                           COM  620076109  58980900   805200             805200        4              805200
Motorola, Inc.                           COM  620076109   1560225    21300              21300        2               21300
Motorola, Inc.                           COM  620076109   1356370    18517              18517        3               18517
Motorola, Inc.                           COM  620076109     54938      750                       750                            750
Myriad Genetics Inc.                     COM  62855J104   1390050   154450   154450                       154300                150
Myriad Genetics Inc.                     COM  62855J104   4073850   452650             452650        4              452650
Myriad Genetics Inc.                     COM  62855J104     52200     5800               5800        1                         5800
NQL Drilling Tools Inc. (Class A)        COM  62936W108      8452     2500     2500                         2500
NQL Drilling Tools Inc. (Class A)        COM  62936W108    451335   133500             133500        4              133500
Nabors Industries Inc.                   COM  629568106   2728125   150000             150000        4              150000
National City Corp.                      COM  635405103    347805     5240               5240        3                5240
National Commerce Bancorporation         COM  635449101    570313    25000              25000        4               25000
National Steel Corp. (Class B)           COM  637844309   4465725   541300             541300        4              541300
Navarre Corp.                            COM  639208107    236938    17000    17000                        17000
Nestle S.A. (Sponsored ADR)              COM  641069406   2920345    32150              32150        3               32150
NetGravity, Inc.                         COM  641114103    413750    10000              10000        4               10000
Newell Rubbermaid Inc.                   COM  651229106   3968625    83550              83550        3               83550
Newfield Exploration Co.                 COM  651290108   4390381   194050   194050                       156950      1500    35600
Newfield Exploration Co.                 COM  651290108   3429950   151600             151600        1               39600   112000
Newfield Exploration Co.                 COM  651290108   6663063   294500             294500        4              294500
Newfield Exploration Co.                 COM  651290108    920838    40700              40700        2               40700
Newport Petroleum Corp.                  COM  65231D105    696045   200000             200000        4              200000
Noble Affiliates, Inc.                   COM  654894104   2900000   100000             100000        4              100000
Nokia Corp.  (ADR)                       COM  654902204  40105625   257500             257500        4              257500
Norfolk Southern Corp.                   COM  655844108   1099838    41700              41700        3               41700
Norfolk Southern Corp.                   COM  655844108     47475     1800                      1800                           1800
Northern Telecom Ltd.                    COM  665815106   6563506   105650   105650                       101250      4400
Northern Telecom Ltd.                    COM  665815106   6060294    97550              97550        1               15000    82550
Northern Telecom Ltd.                    COM  665815106  12425000   200000             200000        4              200000
Novartis A G (Sponsored ADR)             COM  66987V109   2128978    26249              26249        3               26249
</TABLE>


                               Page 15 of 23 pages

<PAGE>


<TABLE>
<CAPTION>
                                    Form 13F
                Reporting Manager: Forstmann-Leff Associates Inc.
                          Quarter Ending March 31, 1999

Item 1                                  Item 2  Item 3    Item 4   Item 5         Item 6             Item 7           Item 8 
- ------                                  ------  ------    ------   ------         ------             ------           ------ 
                                                                                                     Mana-
                                                                             Investment Discretion   gers        Voting Authority
                                        Title              Fair  Shares of   -------------------------------------------------------
Name of Issuer                            of              Market Principal   Sole     Shared   Other         Sole    Shared   None
                                        Class   CUSIP     Value     Amount   (A)       (B)      (C)          (A)       (B)     (C) 
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                      <C>  <C>        <C>       <C>      <C>      <C>       <C>  <C>  <C>      <C>       <C>
Novell, Inc.                             COM  670006105   5037500   200000             200000        4              200000
Nuevo Energy Company                     COM  670509108   1092150    80900              80900        4               80900
OEC Medical Systems, Inc.                COM  670828102   5712855   248385   248385                       248110                275
OEC Medical Systems, Inc.                COM  670828102  63380870  2755690            2755690        4             2755690
OEC Medical Systems, Inc.                COM  670828102    568100    24700              24700        2               24700
OEC Medical Systems, Inc.                COM  670828102    135700     5900               5900        1                         5900
Ocean Energy Inc.Tex                     COM  67481E106     34063     5000     5000                         5000
Ocean Energy Inc.Tex                     COM  67481E106     34063     5000               5000        4                5000
OfficeMax, Inc.                          COM  67622M108     25875     3000     3000                         3000
OfficeMax, Inc.                          COM  67622M108   1302375   151000             151000        3              151000
Oracle Corp.                             COM  68389X105   5406875   205000             205000        4              205000
Oracle Corp.                             COM  68389X105   1208634    45825              45825        3               45825
Oracle Corp.                             COM  68389X105     47475     1800                      1800                           1800
Orckit Communications                    COM    orct       416250    20000              20000        4               20000
PNC Bank Corp.                           COM  693475105   2346127    42225              42225        3               42225
Pall Corp.                               COM  696429307   1053375    63600              63600        3               63600
Patterson Dental Co.                     COM  703412106   1670531    38625              38625        3               38625
Peco Energy Co.                          COM  693304107   6359375   137500   137500                       102500              35000
Peco Energy Co.                          COM  693304107   8540063   184650             184650        1               50750   133900
Penney J C, Inc.                         COM  708160106   1352700    33400              33400        3               33400
PennzEnergy Co.                          COM  70931Q109    210000    20000              20000        4               20000
Pennzoil-Quaker State Co.                COM  709323109    247500    20000              20000        4               20000
Peoples Heritage Financial Group, Inc.   COM  711147108   1510920    83940    83940                        83800                140
Peoples Heritage Financial Group, Inc.   COM  711147108     91800     5100               5100        1                         5100
Pepsico, Inc.                            COM  713448108   8674153   221350   221350                       162750     11800    46800
Pepsico, Inc.                            COM  713448108   2974331    75900              75900        1               48550    27350
Pepsico, Inc.                            COM  713448108    705375    18000              18000        4               18000
Pepsico, Inc.                            COM  713448108   1295147    33050              33050        2               33050
Pepsico, Inc.                            COM  713448108   3344849    85355              85355        3               85355
Pepsico, Inc.                            COM  713448108     94050     2400                      2400                           2400
Pfizer Inc.                              COM  717081103    208125     1500               1500        4                1500
Pfizer Inc.                              COM  717081103     74093      534                534        3                 534
Philip Morris Cos., Inc.                 COM  718154107    869202    24702              24702        3               24702
Phillips Petroleum Co.                   COM  718507106    160650     3400               3400        4                3400
Phillips Petroleum Co.                   COM  718507106    784823    16610              16610        3               16610
</TABLE>


                               Page 16 of 23 pages

<PAGE>


<TABLE>
<CAPTION>
                                    Form 13F
                Reporting Manager: Forstmann-Leff Associates Inc.
                          Quarter Ending March 31, 1999

Item 1                                  Item 2  Item 3    Item 4   Item 5         Item 6             Item 7           Item 8 
- ------                                  ------  ------    ------   ------         ------             ------           ------ 
                                                                                                     Mana-
                                                                             Investment Discretion   gers        Voting Authority
                                        Title              Fair  Shares of   -------------------------------------------------------
Name of Issuer                            of              Market Principal   Sole     Shared   Other         Sole    Shared   None
                                        Class   CUSIP     Value     Amount   (A)       (B)      (C)          (A)       (B)     (C) 
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                      <C>  <C>        <C>       <C>      <C>      <C>       <C>  <C>  <C>      <C>       <C>
Pier 1 Imports Inc.                      COM  720279108  25474345  3135304  3135304                      3029224     18450    87630
Pier 1 Imports Inc.                      COM  720279108   5171055   636437             636437        1              158187   478250
Pier 1 Imports Inc.                      COM  720279108  13841445  1703562            1703562        4             1703562
Pioneer Hi-Bred International, Inc.      COM  723686101   4079491   108425             108425        3              108425
Pioneer Hi-Bred International, Inc.      COM  723686101     22575      600                       600                            600
Pitney Bowes, Inc.                       COM  724479100    615825     9660               9660        3                9660
Poco Petroleums Limited                  COM  730361102   3154290   410200   410200                       410200
Poco Petroleums Limited                  COM  730361102   3517626   457450             457450        1               10200   447250
Poco Petroleums Limited                  COM  730361102   3418914   444613             444613        4              444613
Polo Ralph Lauren Corp.                  COM  731572103     53663     2700     2700                         2700
Polo Ralph Lauren Corp.                  COM  731572103   2190225   110200             110200        3              110200
Procter & Gamble Co.                     COM  742718109  11676598   119225   119225                       118125      1100
Procter & Gamble Co.                     COM  742718109   8341827    85175              85175        1                6200    78975
Procter & Gamble Co.                     COM  742718109    186081     1900               1900        4                1900
Procter & Gamble Co.                     COM  742718109   1155663    11800              11800        2               11800
Procter & Gamble Co.                     COM  742718109   6014832    61415              61415        3               61415
Procter & Gamble Co.                     COM  742718109    372163     3800                      3800                           3800
Prudential Steel Ltd.                    COM  74435C103   2807952   596600             596600        4              596600
Qualcomm, Inc.                           COM  747525103   3681500    29600    29600                        28800                800
Qualcomm, Inc.                           COM  747525103   2537250    20400              20400        1                1500    18900
Qualcomm, Inc.                           COM  747525103   6965000    56000              56000        4               56000
Qwest Communications Inc.                COM  749121109    144188     2000               2000        4                2000
Qwest Communications Inc.                COM  749121109    843497    11700              11700        2               11700
Qwest Communications Inc.                COM  749121109    295584     4100               4100        1                         4100
RCN Corp.                                COM  749361101    251719     7500               7500        4                7500
Range Resources Corp.                    COM  75281A109     45500    13000              13000        4               13000
Raytheon Company (Class A)               COM  755111309    981750    17000              17000        3               17000
RealNetworks, Inc.                       COM  75605L104    244375     2000               2000        4                2000
Rio Alto Exploration Ltd.                COM  766892103    821181    73300    73300                        73300
Rio Alto Exploration Ltd.                COM  766892103    780850    69700              69700        1                3800    65900
Rio Alto Exploration Ltd.                COM  766892103   3630335   324050             324050        4              324050
Rite Aid Corp.                           COM  767754104   2349375    93975              93975        3               93975
RoweCom Inc.                             COM  77957X108    907400    20800    20800                        20800
Royal Dutch Petroleum Corp.              COM  780257804   9040200   173850   173850                       171750      2100
Royal Dutch Petroleum Corp.              COM  780257804   2940600    56550              56550        1               56550
</TABLE>


                               Page 17 of 23 pages

<PAGE>


<TABLE>
<CAPTION>
                                    Form 13F
                Reporting Manager: Forstmann-Leff Associates Inc.
                          Quarter Ending March 31, 1999

Item 1                                  Item 2  Item 3    Item 4   Item 5         Item 6             Item 7           Item 8 
- ------                                  ------  ------    ------   ------         ------             ------           ------ 
                                                                                                     Mana-
                                                                             Investment Discretion   gers        Voting Authority
                                        Title              Fair  Shares of   -------------------------------------------------------
Name of Issuer                            of              Market Principal   Sole     Shared   Other         Sole    Shared   None
                                        Class   CUSIP     Value     Amount   (A)       (B)      (C)          (A)       (B)     (C) 
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                      <C>  <C>        <C>       <C>      <C>      <C>       <C>  <C>  <C>      <C>       <C>
Royal Dutch Petroleum Corp.              COM  780257804   3722680    71590              71590        3               71590
Ryan Energy Technologies Inc.            COM  78348T103     21876    10000    10000                        10000
Ryan Energy Technologies Inc.            COM  78348T103    612520   280000             280000        4              280000
SPX Corp.                                COM  784635104   1442008    28590    28590                        28550                 40
SPX Corp.                                COM  784635104     75656     1500               1500        1                         1500
STERIS Corporation                       COM  859152100   1501650    56400              56400        3               56400
Sandisk Corp Com                         COM  80004C101   1778813    67125    67125                        67050                 75
Sandisk Corp Com                         COM  80004C101  25890500   977000             977000        4              977000
Sandisk Corp Com                         COM  80004C101     74200     2800               2800        1                         2800
Santa Fe Energy Resources, Inc.          COM  802012104   1843750   250000             250000        4              250000
Schein Henry Inc.                        COM  806407102   1252400    49600              49600        3               49600
Schering-Plough Corp.                    COM  806605101  13013033   235530             235530        3              235530
Schering-Plough Corp.                    COM  806605101    596700    10800                     10800                          10800
Schlumberger Ltd.                        COM  806857108   4073249    67676              67676        3               67676
Schlumberger Ltd.                        COM  806857108     48150      800                       800                            800
Scitex Corporation Ltd. - ORD            COM  809090103    251563    25000    25000                        25000
Seagram Ltd.                             COM  811850106   1000000    20000              20000        4               20000
Sears Roebuck & Co.                      COM  812387108   2194983    48575              48575        3               48575
Sears Roebuck & Co.                      COM  812387108     12427      275                       275                            275
Service Corp. International              COM  817565104   2201625   154500             154500        3              154500
Service Corp. International              COM  817565104     11400      800                       800                            800
Shell Transport & Trading Co.            COM  822703609   1015625    25000              25000        4               25000
Shell Transport & Trading Co.            COM  822703609    109688     2700               2700        3                2700
Shulz PNB                                COM    ssxq       142932  2000000           12000000        4            12000000
Sigcorp Inc.                             COM  826912107    917063    33500              33500        3               33500
Smucker (J.M.) Co. (Class B)             COM  832696207    443750    25000              25000        3               25000
Smurfit-Stone Container Corp.            COM  832727101   9876181   511388   511388                       449271              62117
Smurfit-Stone Container Corp.            COM  832727101   4584073   237363             237363        1               56998   180365
Smurfit-Stone Container Corp.            COM  832727101  23723726  1228413            1228413        4             1228413
Southdown, Inc.                          COM  841297104   2397040    44648    44648                        44648
Southdown, Inc.                          COM  841297104   2599227    48414              48414        1                        48414
Southern Co.                             COM  842587107   5294269   227100   227100                       192000              35100
Southern Co.                             COM  842587107   3718344   159500             159500        1               47050   112450
Southern Co.                             COM  842587107    193494     8300               8300        3                8300
Southtrust Corp.                         COM  844730101   1417875    38000              38000        3               38000
</TABLE>


                               Page 18 of 23 pages

<PAGE>


<TABLE>
<CAPTION>
                                    Form 13F
                Reporting Manager: Forstmann-Leff Associates Inc.
                          Quarter Ending March 31, 1999

Item 1                                  Item 2  Item 3    Item 4   Item 5         Item 6             Item 7           Item 8 
- ------                                  ------  ------    ------   ------         ------             ------           ------ 
                                                                                                     Mana-
                                                                             Investment Discretion   gers        Voting Authority
                                        Title              Fair  Shares of   -------------------------------------------------------
Name of Issuer                            of              Market Principal   Sole     Shared   Other         Sole    Shared   None
                                        Class   CUSIP     Value     Amount   (A)       (B)      (C)          (A)       (B)     (C) 
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                      <C>  <C>        <C>       <C>      <C>      <C>       <C>  <C>  <C>      <C>       <C>
Sovereign Bancorp, Inc.                  COM  845905108   4446628   362990   362990                       362550                440
Sovereign Bancorp, Inc.                  COM  845905108    214375    17500              17500        1                        17500
Sprint Corp. (FON Group)                 COM  852061100    490625     5000               5000        4                5000
Sprint Corp. (FON Group)                 COM  852061100    255125     2600               2600        3                2600
Sprint Corp. PCS  Ser. 1                 COM  852061506  19521872   440550   440550                       364450              76100
Sprint Corp. PCS  Ser. 1                 COM  852061506  13454383   303625             303625        1               83600   220025
Sprint Corp. PCS  Ser. 1                 COM  852061506   1772500    40000              40000        4               40000
Sprint Corp. PCS  Ser. 1                 COM  852061506    961581    21700              21700        2               21700
St. Mary Land and Exploration Co.        COM  792228108   1216250    70000              70000        4               70000
St. Paul Bancorp, Inc.                   COM  792848103  11357079   524425   524425                       491600              32825
St. Paul Bancorp, Inc.                   COM  792848103   2357283   108850             108850        1               25600    83250
St. Paul Bancorp, Inc.                   COM  792848103  18800256   868122             868122        4              868122
St. Paul Companies, Inc.                 COM  792860108   6992169   225100   225100                       178700              46400
St. Paul Companies, Inc.                 COM  792860108   6139503   197650             197650        1               48125   149525
Stryker Corp.                            COM  863667101   3023728    59950              59950        3               59950
Sulzer Medica (Sponsored ADR)            COM  865580104     32850     1800     1800                         1800
Sulzer Medica (Sponsored ADR)            COM  865580104   1934500   106000             106000        3              106000
Sun Microsystems, Inc.                   COM  866810104  11880938    95000    95000                        80900       500    13600
Sun Microsystems, Inc.                   COM  866810104   4952475    39600              39600        1               12800    26800
Sun Microsystems, Inc.                   COM  866810104    250125     2000               2000        4                2000
Sun Microsystems, Inc.                   COM  866810104    625313     5000               5000        3                5000
Suntrust Banks, Inc.                     COM  867914103  10526475   169100   169100                       137000              32100
Suntrust Banks, Inc.                     COM  867914103   7443544   119575             119575        1               27675    91900
Suntrust Banks, Inc.                     COM  867914103    634950    10200              10200        2               10200
Suntrust Banks, Inc.                     COM  867914103   1232550    19800              19800        3               19800
Symbol Technologies, Inc.                COM  871508107  79839090  1774202  1774202                      1494157      9650   270395
Symbol Technologies, Inc.                COM  871508107  49489875  1099775            1099775        1              297125   802650
Symbol Technologies, Inc.                COM  871508107  53451473  1187811            1187811        4             1187811
Symbol Technologies, Inc.                COM  871508107   2383875    52975              52975        2               52975
Symbol Technologies, Inc.                COM  871508107    108000     2400               2400        3                2400
Synthatron Corp. (RSTD)                  COM  871618104        24    24460              24460        3               24460
Syntroleum Corp                          COM  871630109     61250    10000    10000                        10000
Sysco Corp.                              COM  871829107   1426138    54200              54200        3               54200
TCF Financial Corp.                      COM  872275102   3766683   144525   144525                       144350                175
TCF Financial Corp.                      COM  872275102    174619     6700               6700        1                         6700
</TABLE>


                               Page 19 of 23 pages

<PAGE>


<TABLE>
<CAPTION>
                                    Form 13F
                Reporting Manager: Forstmann-Leff Associates Inc.
                          Quarter Ending March 31, 1999

Item 1                                  Item 2  Item 3    Item 4   Item 5         Item 6             Item 7           Item 8 
- ------                                  ------  ------    ------   ------         ------             ------           ------ 
                                                                                                     Mana-
                                                                             Investment Discretion   gers        Voting Authority
                                        Title              Fair  Shares of   -------------------------------------------------------
Name of Issuer                            of              Market Principal   Sole     Shared   Other         Sole    Shared   None
                                        Class   CUSIP     Value     Amount   (A)       (B)      (C)          (A)       (B)     (C) 
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                      <C>  <C>        <C>       <C>      <C>      <C>       <C>  <C>  <C>      <C>       <C>
Talisman Energy Inc.                     COM  87425E103   1085499    50000              50000        4               50000
Telecomunicacoes Brasileiras-Spon ADR Bl COM  879287308   7723875    95800    95800                        95800
Telecomunicacoes Brasileiras-Spon ADR Bl COM  879287308  60807375   754200             754200        4              754200
Telecomunicacoes Brasileiras-Spon ADR Bl COM  879287308     32250      400                400        3                 400
Teleglobe, Inc.                          COM  87941V100   5787936   190223             190223        4              190223
Telesp Celular Participacoes (Spons ADR) COM  87952L108   1046875    50000              50000        4               50000
Tesco Corp.                              COM  88157K101    365145    85400    85400                        85400
Tesco Corp.                              COM  88157K101   6078770  1421700            1421700        4             1421700
Texaco Inc.                              COM  881694103  13166000   232000   232000                       206800      1000    24200
Texaco Inc.                              COM  881694103  10958425   193100             193100        1               26450   166650
Texaco Inc.                              COM  881694103  16088625   283500             283500        4              283500
Texaco Inc.                              COM  881694103   1015825    17900              17900        2               17900
Texaco Inc.                              COM  881694103   2081590    36680              36680        3               36680
Texas Instruments Inc.                   COM  882508104  44637688   449750   449750                       306750      5400   137600
Texas Instruments Inc.                   COM  882508104  24063163   242450             242450        1              122800   119650
Texas Instruments Inc.                   COM  882508104  49625000   500000             500000        4              500000
Texas Instruments Inc.                   COM  882508104   1488750    15000              15000        2               15000
Texas Utilities Co.                      COM  882848104    420000    10000              10000        4               10000
The ServiceMaster Co.                    COM  81760N109   1907344    93900              93900        3               93900
Tiffany & Co.                            COM  886547108   3727035    49860              49860        3               49860
Tiffany & Co.                            COM  886547108     89700     1200                      1200                           1200
Time Warner, Inc.                        COM  887315109  85697288  1210200  1210200                       949900      9800   250500
Time Warner, Inc.                        COM  887315109  59227575   836400             836400        1              233900   602500
Time Warner, Inc.                        COM  887315109 169298525  2390800            2390800        4             2390800
Time Warner, Inc.                        COM  887315109   3781388    53400              53400        2               53400
Tommy Hilfiger Corp.                     COM  G8915Z102    964250    14000              14000        4               14000
Tosco Corp.                              COM  891490302    248125    10000    10000                        10000
Tosco Corp.                              COM  891490302   6203125   250000             250000        4              250000
Tricon Global Restaurants, Inc.          COM  895953107    351250     5000               5000        4                5000
Tricon Global Restaurants, Inc.          COM  895953107    103970     1480               1480        3                1480
Tricon Global Restaurants, Inc.          COM  895953107      7025      100                       100                            100
Turbochef Inc.                           COM  900006107    330813    33500              33500        4               33500
Unilever N.V. New York Shares            COM  904784501    468384     7050               7050        3                7050
Unit Corp.                               COM  909218109   4725660   922080   922080                       785000             137080
Unit Corp.                               COM  909218109   1855634   362075             362075        1              127575   234500
</TABLE>


                               Page 20 of 23 pages

<PAGE>


<TABLE>
<CAPTION>
                                    Form 13F
                Reporting Manager: Forstmann-Leff Associates Inc.
                          Quarter Ending March 31, 1999

Item 1                                  Item 2  Item 3    Item 4   Item 5         Item 6             Item 7           Item 8 
- ------                                  ------  ------    ------   ------         ------             ------           ------ 
                                                                                                     Mana-
                                                                             Investment Discretion   gers        Voting Authority
                                        Title              Fair  Shares of   -------------------------------------------------------
Name of Issuer                            of              Market Principal   Sole     Shared   Other         Sole    Shared   None
                                        Class   CUSIP     Value     Amount   (A)       (B)      (C)          (A)       (B)     (C) 
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                      <C>  <C>        <C>       <C>      <C>      <C>       <C>  <C>  <C>      <C>       <C>
Unit Corp.                               COM  909218109   4141897   808175             808175        4              808175
Unit Corp.                               COM  909218109    186550    36400              36400        2               36400
United Technologies Corp.                COM  913017109    788246     5820               5820        3                5820
United Technologies Corp.                COM  913017109    108350      800                       800                            800
Unocal Corp.                             COM  915289102  10730625   291000   291000                       236100              54900
Unocal Corp.                             COM  915289102   9244563   250700             250700        1               52600   198100
Unocal Corp.                             COM  915289102  10177500   276000             276000        4              276000
Unocal Corp.                             COM  915289102    464625    12600              12600        2               12600
Unocal Corp.                             COM  915289102    700625    19000              19000        3               19000
Valero Energy Corp.                      COM  91913Y100   7884131   316950             316950        4              316950
Vastar Resources, Inc.                   COM  922380100   2865000    60000              60000        4               60000
Verio Inc.                               COM  923433106    345938     7500               7500        4                7500
Viacom Inc. (Class B)                    COM  925524308   5162156    61500              61500        4               61500
Viacom Inc. (Class B)                    COM  925524308     67150      800                800        3                 800
Vintage Petroleum, Inc.                  COM  927460105   9652140  1072460  1072460                       922560             149900
Vintage Petroleum, Inc.                  COM  927460105   5883300   653700             653700        1              160200   493500
Vintage Petroleum, Inc.                  COM  927460105   7722450   858050             858050        4              858050
Vintage Petroleum, Inc.                  COM  927460105   1253700   139300             139300        2              139300
WEBS - Japan Index                       COM  92923H889  14950000  1300000            1300000        4             1300000
Wachovia Corp.                           COM  929771103   9021961   111125   111125                        80675              30450
Wachovia Corp.                           COM  929771103   5979459    73650              73650        1               31525    42125
Wachovia Corp.                           COM  929771103    527719     6500               6500        4                6500
Wal-Mart Stores, Inc.                    COM  931142103    802031     8700               8700        4                8700
Walgreen Co.                             COM  931422109   2014225    71300              71300        3               71300
Washington Federal Inc.                  COM  938824109    261723    12463              12463        2               12463
Washington Mutual, Inc.                  COM  939322103  21237628   519575   519575                       428275              91300
Washington Mutual, Inc.                  COM  939322103  14721131   360150             360150        1               99600   260550
Washington Mutual, Inc.                  COM  939322103  18332438   448500             448500        4              448500
Washington Mutual, Inc.                  COM  939322103   1056619    25850              25850        2               25850
Waters Corp.                             COM  941848103   1050625    10000              10000        4               10000
Wells Fargo Company                      COM  949746101   1535738    43800              43800        3               43800
Westell Technologies, Inc.(Class A)      COM  957541105   1035469   235000             235000        4              235000
Western Wireless Corporation (CL A)      COM  95988E204  10942063   301850   301850                       301500                350
Western Wireless Corporation (CL A)      COM  95988E204  22119750   610200             610200        4              610200
Western Wireless Corporation (CL A)      COM  95988E204    427750    11800              11800        1                        11800
</TABLE>


                               Page 21 of 23 pages

<PAGE>


<TABLE>
<CAPTION>
                                    Form 13F
                Reporting Manager: Forstmann-Leff Associates Inc.
                          Quarter Ending March 31, 1999

Item 1                                  Item 2  Item 3    Item 4   Item 5         Item 6             Item 7           Item 8 
- ------                                  ------  ------    ------   ------         ------             ------           ------ 
                                                                                                     Mana-
                                                                             Investment Discretion   gers        Voting Authority
                                        Title              Fair  Shares of   -------------------------------------------------------
Name of Issuer                            of              Market Principal   Sole     Shared   Other         Sole    Shared   None
                                        Class   CUSIP     Value     Amount   (A)       (B)      (C)          (A)       (B)     (C) 
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                      <C>  <C>        <C>       <C>      <C>      <C>       <C>  <C>  <C>      <C>       <C>
Wilmington Trust Corp.                   COM  971807102    245638     4300               4300        3                4300
Winn Dixie Stores, Inc.                  COM  974280109   2029463    54300              54300        3               54300
Wisconsin Energy Corp.                   COM  976657106    357056    13700              13700        3               13700
Wrigley (Wm.) Jr. Co.                    COM  982526105   6101818    67470              67470        3               67470
Wrigley (Wm.) Jr. Co.                    COM  982526105    198963     2200                      2200                           2200
Xerox Corp.                              COM  984121103   5434031   104250             104250        3              104250
Xerox Corp.                              COM  984121103    187650     3600                      3600                           3600
Zions Bancorporation                     COM  989701107   1200325    18050    18050                        18000                 50
Zions Bancorporation                     COM  989701107    119700     1800               1800        1                         1800
</TABLE>


                               Page 22 of 23 pages

<PAGE>


<TABLE>
<CAPTION>
                                    Form 13F
                Reporting Manager: Forstmann-Leff Associates Inc.
                          Quarter Ending March 31, 1999

Item 1                                 Item 2  Item 3   Item 4   Item 5          Item 6              Item 7           Item 8 
- ------                                 ------  ------   ------   ------          ------              ------           ------ 
                                                                                                     Mana-
                                                                            Investment Discretion    gers        Voting Authority
                                       Title             Fair  Shares of    --------------------------------------------------------
Name of Issuer                           of             Market Principal    Sole    Shared     Other        Sole    Shared    None
                                       Class   CUSIP    Value     Amount    (A)      (B)        (C)         (A)       (B)      (C) 
- ------------------------------------------------------------------------- ----------------------------------------------------------
<S>                                     <C>   <C>       <C>       <C>       <C>    <C>         <C>     <C> <C>      <C>     <C>
Grant Industries Inc. CV BD             CV BD 388092AA6    1500     15000                 15000        3              15000  
Hercules Inc. CV BD                     CV BD 427056AA4   54031     25000                 25000        3              25000  
MRV Communications Inc. CVT Sub Notes   CV BD 553477AB6  108500    200000   200000                         200000           
                                                                                                    
Coram Healthcare Wt exp 7/11/99 Class A    WT 218103117       0     10025    10025                           8348               1677
Coram Healthcare Wt exp 7/11/99 Class A    WT 218103117       0      5638                  5638        1                        5638
Golden State Bancorp Inc Warrant Exp 01010 WT 381197136  142164     29350                 29350        4              29350  
                                                                                                    
Embratel Participacoes S.A.(Spons ADR PLC)PFD 29081N100  834375     50000                 50000        4              50000  
Telemig Celular S.A. PFD B                PFD tmgc6.bz   122949   7510000               7510000        4            7510000  
Telesp Participacoes (Sponsored ADR PFD)  PFD 87952K100 1031250     50000                 50000        4              50000  
                                                                                                    
Avon Products Inc.                        COM  .avpd.j    25313     45000                   450        4                450  
                                                                                   (Apr C 50.00)                             
                                                                                                    
Medpartners Inc.                          COM  .mdmf.a    55000     80000                   800        4                800  
                                                                                    (Jun C 5.00)                             
                                                                                                    
Micro Warehouse Inc.                      COM  .mqrh.d   106250     50000                   500        4                500  
                                                                                   (Aug C 20.00)                             
                                                                                                    
Micro Warehouse Inc.                      COM  .mqrh.w    57500     20000                   200        4                200  
                                                                                   (Aug C 17.50)                             
                                                                                                    
Tyco International Ltd.                   COM  .tycd.o    50000     50000                   500        4                500  
                                                                                   (Apr C 75.00)                             
                                                                                                    
Union Carbide Corp.                       COM   ukd.j     13125     30000                   300        4                300  
                                                                                   (Apr C 50.00)                             
                                                                                                    
                                                                                                    
                                                                                                   
                                                       ---------- --------- --------  ---------  ------  -------- --------- --------
GRAND TOTAL                                            5295702001 242706413 45243532  197053426  137205  38983490 177977747 25472926
                                                       ========== ========= ========  =========  ======  ======== ========= ========
</TABLE>


                                  Page 23 of 23

<PAGE>
                                                               File No.: 28-720


            INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS
        PURSUANT TO SECTION 13(F) OF THE SECURITIES EXCHANGE ACT OF 1934
                              AND RULES THEREUNDER

                       Securities and Exchange Commission
                              Washington D.C. 20549
                   Report for the Quarter Ended March 31, 1999
- --------------------------------------------------------------------------------

                       If amended report check here: /__ /

Name of Institutional Investment Manager:
FLA Asset Management Inc.
- --------------------------------------------------------------------------------
Business Address:
590 Madison Avenue            New York         New York               10022-2524
- --------------------------------------------------------------------------------
Street                          City            State                    Zip 

Name, Phone No. and Title of Person Duly Authorized to Submit This Report:
Peter Lusk, Executive Vice President and Assistant Secretary (212) 644-9888
================================================================================
ATTENTION--Intentional  misstatements or omissions of facts  constitute  Federal
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff (a).
================================================================================

The institutional investment manager submitting this Form and its attachments
and the person by whom it is signed represent hereby that all information
contained therein is true, correct, and complete. It is understood that all
required items, statements and schedules are considered integral parts of this
Form and that the submission of any amendment represents that all unamended
items, statements and schedules remain true, correct and complete as previously
submitted.

Pursuant to the requirements of the Securities and Exchange Act of 1934, the
undersigned institutional investment manager has caused this report to be signed
on its behalf in the City of New York and State of New York as of the 11th day
of May, 1999.


                                   FLA Asset Management Inc.
                                   --------------------------------------------
                                   (Name of Institutional Investment Manager)

                                   /S/ Peter Lusk
                                   --------------------------------------------



                                Page 1 of 2 pages

<PAGE>


Name and 13F file numbers of ALL Institutional Investment Mangers with respect
to which this schedule is filed (other than one filing this report). (List in
alphabetical order).

     13F file Numbers will be assigned to the Institutional Investment Managers
after they file their first report.

Name:                                                               13F File No.
- --------------------------------------------------------------------------------
1. 
- --------------------------------------------------------------------------------


The report on Form 13F for the period ended March 31, 1999, for FLA Asset
Management Inc.) an investment adviser under the Investment Advisers Act of
1940, File No. 801-13742) is being filed by its parent company, Forstmann-Leff
Associates Inc.



                                Page 2 of 2 pages

<PAGE>


                                                               File No.: 28-1984


            INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS
        PURSUANT TO SECTION 13(F) OF THE SECURITIES EXCHANGE ACT OF 1934
                              AND RULES THEREUNDER

                       Securities and Exchange Commission
                              Washington D.C. 20549
                   Report for the Quarter Ended March 31, 1999
- --------------------------------------------------------------------------------

                       If amended report check here: /__ /

Name of Institutional Investment Manager:
Stamford Advisers Corp.
- --------------------------------------------------------------------------------
Business Address:
590 Madison Avenue            New York         New York               10022-2524
- --------------------------------------------------------------------------------
Street                          City            State                    Zip 

Name, Phone No. and Title of Person Duly Authorized to Submit This Report:
Peter Lusk, President and Assistant Secretary (212) 644-9888
================================================================================
ATTENTION--Intentional  misstatements or omissions of facts  constitute  Federal
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff (a).
================================================================================

The institutional investment manager submitting this Form and its attachments
and the person by whom it is signed represent hereby that all information
contained therein is true, correct, and complete. It is understood that all
required items, statements and schedules are considered integral parts of this
Form and that the submission of any amendment represents that all unamended
items, statements and schedules remain true, correct and complete as previously
submitted.

Pursuant to the requirements of the Securities and Exchange Act of 1934, the
undersigned institutional investment manager has caused this report to be signed
on its behalf in the City of New York and State of New York as of the 11th day
of May, 1999.


                                   Stamford Advisers Corp.
                                   --------------------------------------------
                                   (Name of Institutional Investment Manager)

                                   /S/ Peter Lusk
                                   --------------------------------------------



                                Page 1 of 2 pages

<PAGE>


Name and 13F file numbers of ALL Institutional Investment Mangers with respect
to which this schedule is filed (other than one filing this report). (List in
alphabetical order).

     13F file Numbers will be assigned to the Institutional Investment Managers
after they file their first report.

Name:                                                               13F File No.
- --------------------------------------------------------------------------------
1. 
- --------------------------------------------------------------------------------


The  report on Form 13F for the  period  ended  March  31,  1999,  for  Stamford
Advisers Corp. (an investment adviser under the Investment Advisers Act of 1940,
File  No.  801-32457)  is being  filed by  Forstmann-Leff  Associates  Inc.  The
managing  members  of FLA  Advisers  L.L.C.  are  principals  of  Forstmann-Leff
Associates Inc.




                                Page 2 of 2 pages

<PAGE>


                                                               File No.: 28-5790


            INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS
        PURSUANT TO SECTION 13(F) OF THE SECURITIES EXCHANGE ACT OF 1934
                              AND RULES THEREUNDER

                       Securities and Exchange Commission
                              Washington D.C. 20549
                   Report for the Quarter Ended March 31, 1999
- --------------------------------------------------------------------------------

                       If amended report check here: /__ /

Name of Institutional Investment Manager:
Forstmann-Leff Associates L.P
- --------------------------------------------------------------------------------
Business Address:
590 Madison Avenue            New York         New York               10022-2524
- --------------------------------------------------------------------------------
Street                          City            State                    Zip 

Name, Phone No. and Title of Person Duly Authorized to Submit This Report:
Peter Lusk,  Executive  Vice  President  and  Assistant  Secretary  of FLA Asset
Management, Inc., General Partner (212) 644-9888
================================================================================
ATTENTION--Intentional  misstatements or omissions of facts  constitute  Federal
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff (a).
================================================================================

The institutional investment manager submitting this Form and its attachments
and the person by whom it is signed represent hereby that all information
contained therein is true, correct, and complete. It is understood that all
required items, statements and schedules are considered integral parts of this
Form and that the submission of any amendment represents that all unamended
items, statements and schedules remain true, correct and complete as previously
submitted.

Pursuant to the requirements of the Securities and Exchange Act of 1934, the
undersigned institutional investment manager has caused this report to be signed
on its behalf in the City of New York and State of New York as of the 11th day
of May, 1999.


                                   Forstmann-Leff Associates L.P.
                                   --------------------------------------------
                                   (Name of Institutional Investment Manager)

                                   /S/ Peter Lusk
                                   --------------------------------------------



                                Page 1 of 2 pages

<PAGE>


Name and 13F file numbers of ALL Institutional Investment Mangers with respect
to which this schedule is filed (other than one filing this report). (List in
alphabetical order).

     13F file Numbers will be assigned to the Institutional Investment Managers
after they file their first report.

Name:                                                               13F File No.
- --------------------------------------------------------------------------------
1. 
- --------------------------------------------------------------------------------


The report on Form 13F for the period ended March 31, 1999, for Forstmann-Leff
Associates L.P. (an investment adviser under the Investment Advisers Act of
1940, File No. 801-44176) is being filed by Forstmann-Leff Associates Inc., the
parent company of FLA Asset Management Inc., which is the general partner of
Forstmann-Leff Associates L.P.





                                Page 2 of 2 pages

<PAGE>



                                                               File No.: 28-6618


            INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS
        PURSUANT TO SECTION 13(F) OF THE SECURITIES EXCHANGE ACT OF 1934
                              AND RULES THEREUNDER

                       Securities and Exchange Commission
                              Washington D.C. 20549
                   Report for the Quarter Ended March 31, 1999
- --------------------------------------------------------------------------------

                       If amended report check here: /__ /

Name of Institutional Investment Manager:
FLA Advisers L.L.C
- --------------------------------------------------------------------------------
Business Address:
590 Madison Avenue            New York         New York               10022-2524
- --------------------------------------------------------------------------------
Street                          City            State                    Zip 

Name, Phone No. and Title of Person Duly Authorized to Submit This Report:
Peter Lusk, Managing Member (212) 644-9888
================================================================================
ATTENTION--Intentional  misstatements or omissions of facts  constitute  Federal
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff (a).
================================================================================

The institutional investment manager submitting this Form and its attachments
and the person by whom it is signed represent hereby that all information
contained therein is true, correct, and complete. It is understood that all
required items, statements and schedules are considered integral parts of this
Form and that the submission of any amendment represents that all unamended
items, statements and schedules remain true, correct and complete as previously
submitted.

Pursuant to the requirements of the Securities and Exchange Act of 1934, the
undersigned institutional investment manager has caused this report to be signed
on its behalf in the City of New York and State of New York as of the 11th day
of May, 1999.


                                   FLA Advisers L.L.C.
                                   --------------------------------------------
                                   (Name of Institutional Investment Manager)

                                   /S/ Peter Lusk
                                   --------------------------------------------



                                Page 1 of 2 pages

<PAGE>


Name and 13F file numbers of ALL Institutional Investment Mangers with respect
to which this schedule is filed (other than one filing this report). (List in
alphabetical order).

     13F file Numbers will be assigned to the Institutional Investment Managers
after they file their first report.

Name:                                                               13F File No.
- --------------------------------------------------------------------------------
1. 
- --------------------------------------------------------------------------------


The report on Form 13F for the period  ended March 31,  1999,  for FLA  Advisers
L.L.C.  (an investment  adviser under the Investment  Advisers Act of 1940, File
No.  801-54372) is being filed by  Forstmann-Leff  Associates  Inc. The managing
members of FLA Advisers L.L.C. are principals of Forstmann-Leff Associates Inc.




                                Page 2 of 2 pages






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