Page 1 of 2
FORM 13F
Perry Corp.
December 31, 1998
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------
Item 1: Item 2: Item 3: Item 4: Item 5:
Title of
Name of Issuer Class CUSIP Market Value Quantity
- -------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
- -------------------------------------------------------------------------------------------
AC NIELSEN CORP COMMON STOCK 004833109 43,827,925.75 1,551,431
- -------------------------------------------------------------------------------------------
ADVENT SOFTWARE COMMON STOCK 079747108 4,700,000.00 100,000
- -------------------------------------------------------------------------------------------
ALLEGIANCE CORP COMMON STOCK 017475104 9,931,125.00 213,000
- -------------------------------------------------------------------------------------------
ALLMERICA FINANCIAL CORP COMMON STOCK 019754100 17,414,587.50 300,900
- -------------------------------------------------------------------------------------------
ALLSTATE CORP COMMON STOCK 020002101 37,755,396.75 977,486
- -------------------------------------------------------------------------------------------
ALLTRISTA CORP COMMON STOCK 020040101 655,200.00 27,300
- -------------------------------------------------------------------------------------------
AMERICAN BANKERS INS COMMON STOCK 024456105 20,138,512.50 416,300
- -------------------------------------------------------------------------------------------
AMERICAN EXPRESS COMMON STOCK 025816109 10,194,325.00 99,700
- -------------------------------------------------------------------------------------------
AMERICAN STORES CO COMMON STOCK 030096101 14,376,075.00 389,200
- -------------------------------------------------------------------------------------------
AMOCO CORP COMMON STOCK 031905102 132,204,020.65 2,103,100
- -------------------------------------------------------------------------------------------
AMP INC COMMON STOCK 031897101 93,827,037.50 1,802,200
- -------------------------------------------------------------------------------------------
APACHE CORP COMMON STOCK 037411105 3,105,843.75 122,700
- -------------------------------------------------------------------------------------------
APEX MORTGAGE COMMON STOCK 037564101 499,537.50 51,900
- -------------------------------------------------------------------------------------------
APPLIED SCIENCE COMMON STOCK 038236105 363,875.00 35,500
- -------------------------------------------------------------------------------------------
ARTERIAL VASCULAR COMMON STOCK 043013101 42,819,000.00 815,600
- -------------------------------------------------------------------------------------------
ASIA SATELLITE COMMON STOCK 04516x106 1,870,691.21 1,050,000
- -------------------------------------------------------------------------------------------
ASTRA AB ADR ADR 046298105 10,567,175.00 510,800
- -------------------------------------------------------------------------------------------
AT PLASTICS COMMON STOCK 001947100 4,425,287.76 768,900
- -------------------------------------------------------------------------------------------
BMC SOFTWARE COMMON STOCK 055921100 3,565,000.00 80,000
- -------------------------------------------------------------------------------------------
BORG-WARNER AUTOMOTIVE COMMON STOCK 099724106 11,022,968.75 197,500
- -------------------------------------------------------------------------------------------
BURLINGTON NORTHERN SANTA FE CORP COMMON STOCK 12189T104 16,880,602.50 500,166
- -------------------------------------------------------------------------------------------
CADENCE DESIGN SYS COMMON STOCK 127387108 1,487,500.00 50,000
- -------------------------------------------------------------------------------------------
CADILLAC FAIRVIEW CORP COMMON STOCK 126929207 686,181.38 36,966
- -------------------------------------------------------------------------------------------
CBS CORP COMMON STOCK 12490K107 10,450,525.00 319,100
- -------------------------------------------------------------------------------------------
CENTRIS GROUP COMMON STOCK 155904105 401,700.00 41,200
- -------------------------------------------------------------------------------------------
CHICAGO TITLE COMMON STOCK 168228104 36,756,756.25 783,100
- -------------------------------------------------------------------------------------------
COLEMAN CO COMMON STOCK 193559101 1,871,537.50 205,100
- -------------------------------------------------------------------------------------------
COMPAQ COMPUTER CORP COMMON STOCK 204493100 1,425,875.00 34,000
- -------------------------------------------------------------------------------------------
COMPUWARE COMMON STOCK 205638109 5,464,375.00 70,000
- -------------------------------------------------------------------------------------------
CONSORCIO GRUPO DINA - SP ADR ADR 210306106 553,968.75 590,900
- -------------------------------------------------------------------------------------------
COOPER CAMERON COMMON STOCK 216640102 684,334.00 27,932
- -------------------------------------------------------------------------------------------
DAL TILE INT'L COMMON STOCK 23426R108 35,890,237.50 3,459,300
- -------------------------------------------------------------------------------------------
DOCUMENTUM COMMON STOCK 256159104 5,343,750.00 100,000
- -------------------------------------------------------------------------------------------
EAGLE HARDWARE COMMON STOCK 26959B101 31,598,000.00 976,000
- -------------------------------------------------------------------------------------------
EARTHGRAINS COMPANY COMMON STOCK 270319106 10,924,031.25 353,100
- -------------------------------------------------------------------------------------------
ELDER-BEERMAN COMMON STOCK 284470101 4,332,809.00 376,766
- -------------------------------------------------------------------------------------------
ESENJAY EXPLORATION COMMON STOCK 296426109 349,996.50 199,998
- -------------------------------------------------------------------------------------------
FIRST BRANDS COMMON STOCK 319356101 32,106,068.75 814,100
- -------------------------------------------------------------------------------------------
FLEET FINANCIAL GROUP COMMON STOCK 338915101 10,890,343.75 243,700
- -------------------------------------------------------------------------------------------
GENERAL DYNAMICS COMMON STOCK 369550108 36,664,075.00 625,400
- -------------------------------------------------------------------------------------------
GENERAL MOTORS CLASS H COMMON STOCK 370442832 39,528,750.00 996,000
- -------------------------------------------------------------------------------------------
GOLDEN STATE BANCORP COMMON STOCK 381197102 1,031,049.25 62,018
- -------------------------------------------------------------------------------------------
GOLDEN STATE BANCORP WTS WARRANTS 381197128 279,081.00 62,018
- -------------------------------------------------------------------------------------------
GOLDEN STATE WTS EXP 9/17/2000 WARRANTS 381197136 461,493.75 45,300
- -------------------------------------------------------------------------------------------
GP FINANCIAL CORP COMMON STOCK 395384100 11,113,550.00 316,400
- -------------------------------------------------------------------------------------------
HARTFORD FINANCIAL SERVICES GROUP COMMON STOCK 416515104 27,382,625.00 499,000
- -------------------------------------------------------------------------------------------
HEALTHSOUTH CORP COMMON STOCK 421924101 10,566,413.00 684,464
- -------------------------------------------------------------------------------------------
HINES HORTICULTURE COMMON STOCK 433245107 5,916,750.00 686,000
- -------------------------------------------------------------------------------------------
HUTCHINSON TECHNOLOGY COMMON STOCK 448407106 1,945,625.00 55,000
- -------------------------------------------------------------------------------------------
INTERGRAPH COMMON STOCK 458683109 6,394,456.25 1,124,300
- -------------------------------------------------------------------------------------------
INTUIT COMMON STOCK 461202103 4,350,000.00 60,000
- -------------------------------------------------------------------------------------------
INVESTORS FINANCIAL SERVICES COMMON STOCK 461915100 17,656,500.00 298,000
- -------------------------------------------------------------------------------------------
Page Total 834,652,545.00
--------------
<CAPTION>
- ----------------------------------------------------------------------------------------------------------
Item 1: Item 6: Item 7: Item 8:
Investment Discretion Voting Authority
-----------------------------------------------------------------------
Name of Issuer Sole Shared Other Managers Sole Share None
- ----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
- ----------------------------------------------------------------------------------------------------------
AC NIELSEN CORP X X
- ----------------------------------------------------------------------------------------------------------
ADVENT SOFTWARE X X
- ----------------------------------------------------------------------------------------------------------
ALLEGIANCE CORP X X
- ----------------------------------------------------------------------------------------------------------
ALLMERICA FINANCIAL CORP X X
- ----------------------------------------------------------------------------------------------------------
ALLSTATE CORP X X
- ----------------------------------------------------------------------------------------------------------
ALLTRISTA CORP X X
- ----------------------------------------------------------------------------------------------------------
AMERICAN BANKERS INS X X
- ----------------------------------------------------------------------------------------------------------
AMERICAN EXPRESS X X
- ----------------------------------------------------------------------------------------------------------
AMERICAN STORES CO X X
- ----------------------------------------------------------------------------------------------------------
AMOCO CORP X X
- ----------------------------------------------------------------------------------------------------------
AMP INC X X
- ----------------------------------------------------------------------------------------------------------
APACHE CORP X X
- ----------------------------------------------------------------------------------------------------------
APEX MORTGAGE X X
- ----------------------------------------------------------------------------------------------------------
APPLIED SCIENCE X X
- ----------------------------------------------------------------------------------------------------------
ARTERIAL VASCULAR X X
- ----------------------------------------------------------------------------------------------------------
ASIA SATELLITE X X
- ----------------------------------------------------------------------------------------------------------
ASTRA AB ADR X X
- ----------------------------------------------------------------------------------------------------------
AT PLASTICS X X
- ----------------------------------------------------------------------------------------------------------
BMC SOFTWARE X X
- ----------------------------------------------------------------------------------------------------------
BORG-WARNER AUTOMOTIVE X X
- ----------------------------------------------------------------------------------------------------------
BURLINGTON NORTHERN SANTA FE CORP X X
- ----------------------------------------------------------------------------------------------------------
CADENCE DESIGN SYS X X
- ----------------------------------------------------------------------------------------------------------
CADILLAC FAIRVIEW CORP X X
- ----------------------------------------------------------------------------------------------------------
CBS CORP X X
- ----------------------------------------------------------------------------------------------------------
CENTRIS GROUP X X
- ----------------------------------------------------------------------------------------------------------
CHICAGO TITLE X X
- ----------------------------------------------------------------------------------------------------------
COLEMAN CO X X
- ----------------------------------------------------------------------------------------------------------
COMPAQ COMPUTER CORP X X
- ----------------------------------------------------------------------------------------------------------
COMPUWARE X X
- ----------------------------------------------------------------------------------------------------------
CONSORCIO GRUPO DINA - SP ADR X X
- ----------------------------------------------------------------------------------------------------------
COOPER CAMERON X X
- ----------------------------------------------------------------------------------------------------------
DAL TILE INT'L X X
- ----------------------------------------------------------------------------------------------------------
DOCUMENTUM X X
- ----------------------------------------------------------------------------------------------------------
EAGLE HARDWARE X X
- ----------------------------------------------------------------------------------------------------------
EARTHGRAINS COMPANY X X
- ----------------------------------------------------------------------------------------------------------
ELDER-BEERMAN X X
- ----------------------------------------------------------------------------------------------------------
ESENJAY EXPLORATION X X
- ----------------------------------------------------------------------------------------------------------
FIRST BRANDS X X
- ----------------------------------------------------------------------------------------------------------
FLEET FINANCIAL GROUP X X
- ----------------------------------------------------------------------------------------------------------
GENERAL DYNAMICS X X
- ----------------------------------------------------------------------------------------------------------
GENERAL MOTORS CLASS H X X
- ----------------------------------------------------------------------------------------------------------
GOLDEN STATE BANCORP X X
- ----------------------------------------------------------------------------------------------------------
GOLDEN STATE BANCORP WTS X X
- ----------------------------------------------------------------------------------------------------------
GOLDEN STATE WTS EXP 9/17/2000 X X
- ----------------------------------------------------------------------------------------------------------
GP FINANCIAL CORP X X
- ----------------------------------------------------------------------------------------------------------
HARTFORD FINANCIAL SERVICES GROUP X X
- ----------------------------------------------------------------------------------------------------------
HEALTHSOUTH CORP X X
- ----------------------------------------------------------------------------------------------------------
HINES HORTICULTURE X X
- ----------------------------------------------------------------------------------------------------------
HUTCHINSON TECHNOLOGY X X
- ----------------------------------------------------------------------------------------------------------
INTERGRAPH X X
- ----------------------------------------------------------------------------------------------------------
INTUIT X X
- ----------------------------------------------------------------------------------------------------------
INVESTORS FINANCIAL SERVICES X X
</TABLE>
<PAGE>
Page 2 of 2
FORM 13F
Perry Corp.
December 31, 1998
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------
Item 1: Item 2: Item 3: Item 4: Item 5:
Title of
Name of Issuer Class CUSIP Market Value Quantity
- ---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------
JOHN MANVILLE CORP COMMON STOCK 478129109 59,531,693.75 3,621,700
- ---------------------------------------------------------------------------------------------
KANSAS CITY SOUTHERN COMMON STOCK 485170104 16,605,700.00 337,600
- ---------------------------------------------------------------------------------------------
KIMBERLY CLARK CORP COMMON STOCK 494368103 18,053,888.00 331,264
- ---------------------------------------------------------------------------------------------
L-3 COMM HLDGS COMMON STOCK 502424104 26,461,468.75 568,300
- ---------------------------------------------------------------------------------------------
LAM RESEARCH COMMON STOCK 512807108 1,335,937.50 75,000
- ---------------------------------------------------------------------------------------------
LOCKHEED MARTIN CORP COMMON STOCK 539830109 20,844,787.50 250,200
- ---------------------------------------------------------------------------------------------
LODGIAN INC COMMON STOCK 54021P106 2,637,862.50 541,100
- ---------------------------------------------------------------------------------------------
MARTIN MARIETTA MATERIALS COMMON STOCK 573284106 147,220,697.50 2,367,368
- ---------------------------------------------------------------------------------------------
MERITOR AUTOMOTIVE COMMON STOCK 59000G100 47,900,954.25 2,260,812
- ---------------------------------------------------------------------------------------------
MILLIPORE CORP COMMON STOCK 601073109 5,659,062.50 199,000
- ---------------------------------------------------------------------------------------------
MONY GROUP COMMON STOCK 615337102 25,272,318.75 807,100
- ---------------------------------------------------------------------------------------------
MOTOROLA CORP INC COMMON STOCK 620076109 1,831,875.00 30,000
- ---------------------------------------------------------------------------------------------
NATIONAL SEMICONDUCTOR COMMON STOCK 637640103 2,640,600.00 195,600
- ---------------------------------------------------------------------------------------------
NEWPORT NEWS COMMON STOCK 652228107 68,523,468.75 2,049,300
- ---------------------------------------------------------------------------------------------
NEXTEL COMMUNICATIONS COMMON STOCK 65332V103 786,051.00 8,256
- ---------------------------------------------------------------------------------------------
NORTHROP GRUMMAN COMMON STOCK 666807102 28,606,500.00 391,200
- ---------------------------------------------------------------------------------------------
PACIFICORP COMMON STOCK 695114108 1,078,400.00 51,200
- ---------------------------------------------------------------------------------------------
PANAMSAT COMMON STOCK 697933109 43,431,150.00 1,117,200
- ---------------------------------------------------------------------------------------------
PEP BOYS COMMON STOCK 713278109 5,591,025.00 356,400
- ---------------------------------------------------------------------------------------------
PLATINUM TECHNOLOGY INC COMMON STOCK 72764R105 959,375.00 50,000
- ---------------------------------------------------------------------------------------------
PNC FINANCIAL CORP COMMON STOCK 693475105 46,715,449.88 863,103
- ---------------------------------------------------------------------------------------------
PRIME RETAIL 10 1/2% PFD COMMON STOCK 741570303 3,271,093.75 132,500
- ---------------------------------------------------------------------------------------------
PRIME RETAIL 8 1/2% PFD COMMON STOCK 741570303 2,147,310.00 130,140
- ---------------------------------------------------------------------------------------------
PRIMEX TECH COMMON STOCK 741597108 10,388,700.00 244,440
- ---------------------------------------------------------------------------------------------
RAYTHEON CO A COMMON STOCK 755111309 36,484,707.31 705,871
- ---------------------------------------------------------------------------------------------
REGIS CORP COMMON STOCK 758932107 6,310,125.00 158,000
- ---------------------------------------------------------------------------------------------
ROCKWELL INTL CORP COMMON STOCK 773903109 15,481,725.00 318,800
- ---------------------------------------------------------------------------------------------
RUBBERMAID COMMON STOCK 781088109 68,323,118.75 2,173,300
- ---------------------------------------------------------------------------------------------
SBARRO INC COMMON STOCK 805844107 8,256,918.75 315,300
- ---------------------------------------------------------------------------------------------
SCIENTIFIC ATLANTA COMMON STOCK 808655104 3,775,468.75 165,500
- ---------------------------------------------------------------------------------------------
SCOTTS CO COMMON STOCK 810186106 70,088,167.50 1,823,432
- ---------------------------------------------------------------------------------------------
SDLI INC COMMON STOCK 784076101 1,746,625.00 44,500
- ---------------------------------------------------------------------------------------------
SEAGATE TECHNOLOGY COMMON STOCK 811804103 907,500.00 30,000
- ---------------------------------------------------------------------------------------------
SEARS ROEBUCK & CO COMMON STOCK 812387108 19,433,337.50 457,255
- ---------------------------------------------------------------------------------------------
STMICROELECTRON ADR ADR 861012102 3,903,125.01 50,000
- ---------------------------------------------------------------------------------------------
STRATTEC SECURITY CORP COMMON STOCK 863111100 1,860,000.00 62,000
- ---------------------------------------------------------------------------------------------
T R FINANCIAL COMMON STOCK 872630108 7,488,281.25 191,700
- ---------------------------------------------------------------------------------------------
TEKTRONIX COMMON STOCK 879131100 601,250.00 20,000
- ---------------------------------------------------------------------------------------------
TERADYNE INC COMMON STOCK 880770102 423,750.00 10,000
- ---------------------------------------------------------------------------------------------
TRAVELERS PROPERTY COMMON STOCK 893939108 84,735,400.00 2,733,400
- ---------------------------------------------------------------------------------------------
TYCO INTERNATIONAL COMMON STOCK 902124106 31,738,970.25 420,732
- ---------------------------------------------------------------------------------------------
U S TRUST CORP COMMON STOCK 91288L105 2,705,600.00 35,600
- ---------------------------------------------------------------------------------------------
UNION PACIFIC COMMON STOCK 907818108 18,815,216.00 417,536
- ---------------------------------------------------------------------------------------------
UNION PACIFIC RSC COMMON STOCK 907834105 1,785,765.63 197,050
- ---------------------------------------------------------------------------------------------
UNOVA INC COMMON STOCK 91529B106 77,272,312.50 4,263,300
- ---------------------------------------------------------------------------------------------
US CELLULAR COMMON STOCK 911684108 6,152,200.00 161,900
- ---------------------------------------------------------------------------------------------
WALT DISNEY CO COMMON STOCK 254687106 28,577,160.00 952,572
- ---------------------------------------------------------------------------------------------
WELLS FARGO COMMON STOCK 949746101 37,327,983.75 934,660
- ---------------------------------------------------------------------------------------------
YPF SA (ADR) ADR 984245100 528,018.75 18,900
- ---------------------------------------------------------------------------------------------
Page Total 1,122,218,096.08
----------------
Grand Total 1,956,870,641.08
================
<CAPTION>
- --------------------------------------------------------------------------------------------------------
Item 1: Item 6: Item 7: Item 8:
Investment Discretion Voting Authority
---------------------------------------------------------------------
Name of Issuer Sole Shared Other Managers Sole Share None
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------
JOHN MANVILLE CORP X X
- --------------------------------------------------------------------------------------------------------
KANSAS CITY SOUTHERN X X
- --------------------------------------------------------------------------------------------------------
KIMBERLY CLARK CORP X X
- --------------------------------------------------------------------------------------------------------
L-3 COMM HLDGS X X
- --------------------------------------------------------------------------------------------------------
LAM RESEARCH X X
- --------------------------------------------------------------------------------------------------------
LOCKHEED MARTIN CORP X X
- --------------------------------------------------------------------------------------------------------
LODGIAN INC X X
- --------------------------------------------------------------------------------------------------------
MARTIN MARIETTA MATERIALS X X
- --------------------------------------------------------------------------------------------------------
MERITOR AUTOMOTIVE X X
- --------------------------------------------------------------------------------------------------------
MILLIPORE CORP X X
- --------------------------------------------------------------------------------------------------------
MONY GROUP X X
- --------------------------------------------------------------------------------------------------------
MOTOROLA CORP INC X X
- --------------------------------------------------------------------------------------------------------
NATIONAL SEMICONDUCTOR X X
- --------------------------------------------------------------------------------------------------------
NEWPORT NEWS X X
- --------------------------------------------------------------------------------------------------------
NEXTEL COMMUNICATIONS X X
- --------------------------------------------------------------------------------------------------------
NORTHROP GRUMMAN X X
- --------------------------------------------------------------------------------------------------------
PACIFICORP X X
- --------------------------------------------------------------------------------------------------------
PANAMSAT X X
- --------------------------------------------------------------------------------------------------------
PEP BOYS X X
- --------------------------------------------------------------------------------------------------------
PLATINUM TECHNOLOGY INC X X
- --------------------------------------------------------------------------------------------------------
PNC FINANCIAL CORP X X
- --------------------------------------------------------------------------------------------------------
PRIME RETAIL 10 1/2% PFD X X
- --------------------------------------------------------------------------------------------------------
PRIME RETAIL 8 1/2% PFD X X
- --------------------------------------------------------------------------------------------------------
PRIMEX TECH X X
- --------------------------------------------------------------------------------------------------------
RAYTHEON CO A X X
- --------------------------------------------------------------------------------------------------------
REGIS CORP X X
- --------------------------------------------------------------------------------------------------------
ROCKWELL INTL CORP X X
- --------------------------------------------------------------------------------------------------------
RUBBERMAID X X
- --------------------------------------------------------------------------------------------------------
SBARRO INC X X
- --------------------------------------------------------------------------------------------------------
SCIENTIFIC ATLANTA X X
- --------------------------------------------------------------------------------------------------------
SCOTTS CO X X
- --------------------------------------------------------------------------------------------------------
SDLI INC X X
- --------------------------------------------------------------------------------------------------------
SEAGATE TECHNOLOGY X X
- --------------------------------------------------------------------------------------------------------
SEARS ROEBUCK & CO X X
- --------------------------------------------------------------------------------------------------------
STMICROELECTRON ADR X X
- --------------------------------------------------------------------------------------------------------
STRATTEC SECURITY CORP X X
- --------------------------------------------------------------------------------------------------------
T R FINANCIAL X X
- --------------------------------------------------------------------------------------------------------
TEKTRONIX X X
- --------------------------------------------------------------------------------------------------------
TERADYNE INC X X
- --------------------------------------------------------------------------------------------------------
TRAVELERS PROPERTY X X
- --------------------------------------------------------------------------------------------------------
TYCO INTERNATIONAL X X
- --------------------------------------------------------------------------------------------------------
U S TRUST CORP X X
- --------------------------------------------------------------------------------------------------------
UNION PACIFIC X X
- --------------------------------------------------------------------------------------------------------
UNION PACIFIC RSC X X
- --------------------------------------------------------------------------------------------------------
UNOVA INC X X
- --------------------------------------------------------------------------------------------------------
US CELLULAR X X
- --------------------------------------------------------------------------------------------------------
WALT DISNEY CO X X
- --------------------------------------------------------------------------------------------------------
WELLS FARGO X X
- --------------------------------------------------------------------------------------------------------
YPF SA (ADR) X X
- --------------------------------------------------------------------------------------------------------
</TABLE>
