UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
REPORT FOR THE QUARTER ENDED: SEPTEMBER 30, 1999
Report for the Calendar Year or Quarter Ended September, 1999
(Please read instructions before preparing form.)
If amended report check here: [ ]; Amendment Number:
This Amendemnt (Check only one): [ ] is a restatement
[ ] adds new holding entries.
Institutional Investment Manager filing this Report:
Name: Wafra Investment Advisory Group, Inc.
Address: 345 Park Avenue, 41st Floor, New York, NY 10154-
0101
13F File Number: 28-4268
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that that the person
signing this report is authorized to submit it, that all
information contained herein is true, correct and complete, and
that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
the Form.
Person signing this Report on Behalf of Reporting Manager:
Name: Anthony G. Barbuto
Title: Chief Financial Officer
Phone: 212 759-3700
Signature, Place, and Date of Signing:
Anthony G. Barbuto New York, New York October 18, 1999
Report Type (Check only one.):
[ X ] 13 F Holdings Report
[ ] 13 F Notice
[ } 13 F Combination Report
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIIES EXCHANGE
ACT OF 1934
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other included Managers: 0
Form 13F Information Table Entry Total 170
Form 13F Information Table Value Total: $445,065
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FORM 13F
(SEC USE ONLY)
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Name of Reporting Manager
Item 6:
Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
Voting Authority Shares
Title Fair Shares of (a) Sole(b) Shar(c) SharManagers
Name of Issuer of ClassCusip NoMarket VPrincipal As Defin Other See
Inst(a) Sole(b) Shar(c) None
in Instr. V
A T & T Corp. COM 00195710####### 100,050 8.5 X Wafra I
X
AAR Corp. COM 00036110####### 10,500 8.5 X Wafra I
X
AT&T Corp.-LiberCOM 00195720####### 19,000 28.5625 X Wafra I
X
ATMI Inc. COM 00207R10####### 20,000 54.125 X Wafra I
X
Action PerformanCOM 00493310####### 22,000 41.5 X Wafra I
X
Advanced DigitalCOM 00752510####### 50,900 4.4375 X Wafra I
X
Aflac Inc. COM 00105510####### 16,500 77.625 X Wafra I
X
American ExpressCOM 02581610####### 43,000 X Wafra In
X
American InternaCOM 02687410####### 94,350 25.375 X Wafra I
X
American WoodmarCOM 03050610####### 40,700 75.5625 X Wafra I
X
Amgen Inc. COM 03116210####### 79,300 34.5 X Wafra I
X
Applied Science COM 03823610####### 19,000 3.5 X Wafra I
X
Associates FirstCOM 04600810####### 130,100 26.8125 X Wafra I
X
Atlas Air Inc. COM 04916416####### 27,500 53.5 X Wafra I
X
Bank of America COM 06050510####### 127,600 17.25 X Wafra I
X
Barrett ResourceCOM 06848020####### 10,000 65.25 X Wafra I
X
Bea Systems COM 07332510####### 41,000 X Wafra In
X
Bellsouth Corp. COM 07986010####### 144,100 X Wafra In
X
Bradlees Inc. COM 10449920####### 58,000 X Wafra In
X
Bristol-Myers SqCOM 11012210####### 119,500 21 X Wafra I
X
Butler Int'l IncCOM 12364910####### 76,350 21 X Wafra I
X
CVS Corp. COM 12665010####### 118,800 X Wafra In
X
Cabot Oil & Gas COM 12709710####### 36,200 19.9375 X Wafra I
X
Carey InternatioCOM 14175010####### 10,000 15.25 X Wafra I
X
Centurytel Inc. COM 15670010####### 74,200 15.5 X Wafra I
X
Chase Manhattan COM 16161A10####### 79,000 1 X Wafra I
X
Chevron Corp. COM 16675110####### 52,500 3.625 X Wafra I
X
Ciber Inc. COM 17163B10####### 45,000 22.75 X Wafra I
X
Cicinnati Bell ICOM 17187010####### 40,000 19.5625 X Wafra I
X
Cisco Systems InCOM 17275R10####### 180,500 X Wafra In
X
Citigroup Inc COM 17296710####### 194,000 X Wafra In
X
Clarify Inc. COM 18049210####### 14,500 63 X Wafra In
X
Coastal Corp. COM 19044110####### 56,500 X Wafra In
X
Cobalt Group IncCOM 19074Q10####### 22,000 28.75 X Wafra In
X
Coca-Cola CompanCOM 19121610####### 70,800 7.875 X Wafra I
X
Colgate-PalmolivCOM 19416210####### 102,800 24.9375 X Wafra I
X
Compaq Comp. CorCOM 20449310####### 37,000 X Wafra In
X
Computer HorizonCOM 20590810####### 42,500 40.75 X Wafra I
X
Core LaboratorieCOM 2182531 ####### 86,600 17.25 X Wafra I
X
Cornell CorrectiCOM 21914110####### 44,000 25.25 X Wafra I
X
Crescent Real EsCOM 14441K10####### 40,200 15.25 X Wafra In
X
Dayton Hudson CoCOM 23975310####### 69,100 X Wafra In
X
Dell Computer CoCOM 24702510####### 175,200 37.31 X Wafra I
X
Dendrite InternaCOM 24823910####### 10,000 37.31 X Wafra I
X
Dial Corp. COM 25247D10####### 34,000 X Wafra In
X
Dover CorporatioCOM 26000310####### 92,800 56.25 X Wafra I
X
Du Pont (E.I.) DCOM 26353410####### 62,777 23.1875 X Wafra I
X
E Trade Group InCOM 26924610####### 23,500 X Wafra In
X
E.Spire CommunicCOM 26915310####### 65,000 6.31 X Wafra I
X
EMC Corp/Mass COM 26864810####### 87,900 14.625 X Wafra I
X
Edelbrock Corp. COM 27943410####### 17,200 2.25 X Wafra I
X
Enron Corp. COM 29356110####### 120,300 16 X Wafra I
X
Equitable ResourCOM 29454910####### 26,600 1.625 X Wafra I
X
Equity ResidentiCOM 29476L10####### 29,100 42.19 X Wafra I
X
Exchange ApplicaCOM 30086710####### 14,300 X Wafra In
X
FPL Group Inc. COM 30257110####### 71,300 64.25 X Wafra I
X
Fannie Mae COM 31358610####### 94,400 25.5 X Wafra I
X
Federated DepartCOM 31410H10####### 75,800 9.25 X Wafra I
X
First IndustrialCOM 32054K10####### 32,700 14.75 X Wafra I
X
Fiserv Inc. COM 33773810####### 13,500 12.25 X Wafra I
X
Flow Intl Corp. COM 34346810####### 52,000 42.25 X Wafra I
X
Ford Motor CompaCOM 34537010####### 107,500 X Wafra In
X
GTE Corp. COM 36232010####### 45,600 9.12 X Wafra I
X
General ElectricCOM 36960410####### 118,200 3.5 X Wafra I
X
Genesco COM 37153210####### 20,000 9.37 X Wafra I
X
Hasbro Inc. COM 41805610####### 140,200 52.94 X Wafra I
X
Health South CorCOM 42192410####### 115,000 13 X Wafra I
X
Healthcare ServiCOM 42190610####### 78,000 16.375 X Wafra I
X
Heico Corp-Cl A COM 42280620####### 20,000 X Wafra In
X
Hewlett-Packard COM 42823610####### 50,200 X Wafra In
X
Hollinger InternCOM 43556910####### 50,000 X Wafra I
X
Home Depot Inc. COM 43707610####### 91,900 X Wafra In
X
ICOS CorporationCOM 44929510####### 20,000 2.37 X Wafra I
X
Impath Inc. COM 45255910####### 22,000 37.9375 X Wafra I
X
Imrglobal Corp. COM 45321W10####### 57,000 X Wafra In
X
Ingersoll-Rand CCOM 45686610####### 63,600 6.25 X Wafra I
X
Int'l Business MCOM 45920010####### 85,200 X Wafra In
X
Intel Corp. COM 45814010####### 163,100 X Wafra In
X
Interactive PictCOM 45839N10####### 20,000 X Wafra In
X
Johnson & JohnsoCOM 47816010####### 88,800 18.25 X Wafra I
X
Keebler Foods CoCOM 48725610####### 24,000 38 X Wafra I
X
Kroll O'Gara ComCOM 50105010####### 66,000 23.375 X Wafra I
X
Legato Systems ICOM 52465110####### 27,000 6.75 X Wafra I
X
Lilly (Eli) & CoCOM 53245710####### 49,600 X Wafra In
X
Lucent TechnologCOM 54946310####### 147,100 13.5 X Wafra I
X
Lycos Inc. COM 55081810####### 14,000 9.625 X Wafra I
X
MCI Worldcom IncCOM 55268B10####### 80,500 10.75 X Wafra I
X
Mack-Cali RealtyCOM 55448910####### 30,600 11 X Wafra I
X
Mastec Inc. COM 57632310####### 20,000 30 X Wafra I
X
Matthew Int'l CoCOM 57712810####### 23,000 X Wafra In
X
McLeodusa Inc. CCOM 58226610####### 10,000 20.4375 X Wafra I
X
Medical Manager COM 58461U10####### 13,200 51.5 X Wafra I
X
Meditrust Corp. COM 58501T30####### 35,900 47.75 X Wafra I
X
Merck & Co. Inc.COM 58933110####### 108,800 9.69 X Wafra I
X
Metris CompaniesCOM 59159810####### 28,000 15.75 X Wafra I
X
Microsoft Corp. COM 59491810####### 207,700 X Wafra In
X
Microtouch SysteCOM 59514510####### 31,500 17.06 X Wafra I
X
Mobil Corp. COM 60705910####### 100,200 X Wafra In
X
Monsanto Co. COM 61166210####### 79,000 X Wafra In
X
Moog Inc -CL A COM 61539420####### 24,500 X Wafra In
X
Morgan St Dean WCOM 61744644####### 65,700 4.875 X Wafra I
X
Nationwide FinanCOM 63861210####### 21,000 28.9375 X Wafra I
X
Navigant ConsultCOM 63935N10####### 16,000 15.19 X Wafra I
X
Net Bank Inc COM 64093310####### 19,800 X Wafra In
X
Nextcard Inc. COM 65332K10####### 24,500 4.25 X Wafra I
X
Novamed Eye careCOM 66986W10####### 10,500 10.3125 X Wafra I
X
OM Group Inc. COM 67087210####### 22,500 7.625 X Wafra I
X
Orbital SciencesCOM 68556410####### 43,500 X Wafra In
X
Orthofix Int'l NCOM N6748L10####### 64,900 11.625 X Wafra I
X
PRI Automation COM 69357H10####### 22,000 X Wafra In
X
Pacific Sun WearCOM 69487310####### 30,550 22.1875 X Wafra I
X
Patterson EnergyCOM 70341410####### 20,000 5 X Wafra I
X
Pepsico Inc COM 71344810####### 102,800 6.625 X Wafra I
X
Pfizer Inc. COM 71708110####### 95,000 7.25 X Wafra I
X
Phillip Morris CCOM 71815410####### 158,400 29.4375 X Wafra I
X
Phillips PetroleCOM 71850710####### 16,000 46.25 X Wafra I
X
Plantronics Inc.COM 72749310####### 26,100 11.5 X Wafra I
X
Pride InternatioCOM 74193210####### 15,000 48.19 X Wafra I
X
Procter & GambleCOM 74271810####### 88,400 10.5 X Wafra I
X
QuickSilver Inc.COM 74838C10####### 35,000 X Wafra In
X
Quintiles TransNCOM 74876710####### 20,000 X Wafra In
X
Radian Group IncCOM 75023610####### 19,000 7.125 X Wafra I
X
Ralston-Ralston COM 75127730####### 24,000 23.5 X Wafra I
X
Reckson AssociatCOM 75621K10####### 48,100 51.75 X Wafra I
X
Rohm & Haas Co. COM 77537110####### 39,100 21.25 X Wafra I
X
SBC CommunicatioCOM 78387G10####### 145,300 X Wafra In
X
Safeway Inc. COM 78651420####### 115,000 X Wafra In
X
Saks Inc. COM 79377W10####### 435,327 44.375 X Wafra I
X
Sawtek Inc. COM 80546810####### 20,900 X Wafra In
X
Schlumberger LtdCOM 80685710####### 82,800 32.4375 X Wafra I
X
Schwab (Charles)COM 80851310####### 13,000 22.4375 X Wafra I
X
Security First TCOM 81427910####### 32,400 X Wafra In
X
Shoe Carnival InCOM 82488910####### 58,100 14.125 X Wafra I
X
Signal TechnologCOM 82667510####### 21,300 50.875 X Wafra I
X
Silicon Storage COM 82705710####### 25,000 X Wafra In
X
Southwest AirlinCOM 84474110####### 200,200 X Wafra In
X
Spieker PropertiCOM 84849710####### 29,300 21.125 X Wafra I
X
Starbucks Corp. COM 85524410####### 35,000 25.0625 X Wafra I
X
Starmedia NetworCOM 85554610####### 10,000 9.8125 X Wafra I
X
Steinway MusicalCOM 85849510####### 36,800 9.25 X Wafra I
X
Stericycle Inc. COM 85891210####### 46,000 4.9375 X Wafra I
X
Stillwater MininCOM 86074Q10####### 28,500 10.125 X Wafra I
X
Student AdvantagCOM 86386Q10####### 20,000 2.25 X Wafra I
X
TUT Systems COM 90110310####### 19,000 5.125 X Wafra I
X
Tarrant Apparel COM 87628910####### 31,500 X Wafra In
X
Texas InstrumentCOM 88250810####### 49,800 X Wafra In
X
Textron Inc. COM 88320310####### 50,500 X Wafra In
X
The Buckle Inc. COM 11844010####### 33,000 X Wafra In
X
The Walt Disney COM 25468710####### 170,400 X Wafra In
X
Titan Corp. COM 88826610####### 51,000 X Wafra In
X
Tommy Hilfiger COM 2896241 ####### 15,000 4.5625 X Wafra I
X
Transmedia NetwoCOM 89376730$55,800 18,600 20 X Wafra I
X
Transmontaigive COM 89393410####### 36,100 62.5625 X Wafra I
X
Tyco InternationCOM 90212410####### 69,800 18 X Wafra I
X
U.S. FoodserviceCOM 90331R10####### 40,000 7.375 X Wafra I
X
USWeb CorporatioCOM 91732710####### 22,000 41 X Wafra I
X
USX-Marathon GroCOM 90290582####### 115,100 4.75 X Wafra I
X
Unisys Corp COM 90921410####### 27,500 X Wafra In
X
United TechnologCOM 91301710####### 11,500 17.9375 X Wafra I
X
Universal Food CCOM 91353810####### 35,000 42.625 X Wafra I
X
Viad Corp. COM 92552R10####### 28,500 22.75 X Wafra I
X
Vintage PetroleuCOM 92746010####### 38,800 17.9375 X Wafra I
X
Vornado Realty COM 92904210####### 25,200 42.625 X Wafra I
X
Wal-Mart Stores COM 93114210####### 211,300 42.625 X Wafra I
X
Warner-Lambert CCOM 93448810####### 60,600 22.75 X Wafra I
X
Wendy's Int'l InCOM 95059010####### 134,500 20.875 X Wafra I
X
Weyerhaeuser Co.COM 96216610####### 72,600 11.5 X Wafra I
X
Whittman-Hart InCOM 96683410####### 20,000 20.875 X Wafra I
X
Winstar CommunicCOM 97551510####### 15,200 11.5 X Wafra I
X
Xerox Corp. COM 98412110####### 69,700 11.5 X Wafra I
X
Xircom Inc. COM 98392210####### 11,500 23.125 X Wafra I
X
Column Total ####### #######
</TABLE>
