UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 1999
Check here if Amendment [ ]; Amendment Number:
This amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: ORACLE INVESTMENT MANAGEMENT,
Address: 712 FIFTH AVENUE, 45TH FL.
NEW YORK, NY 10019
13 File Number:
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true, correct, and complete, and
and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form
Person Signing this Report on Behalf of Reporting Manager:
Name: NORMAN SCHLEIFER
Title: CFO
Phone: 212-373-9212
Signature, Place and Date of Signing:
NORMAN SCHLEIFER May 17, 1999
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 88
Form 13F Information Table Value Total: 540473
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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x($1000) PRN AMT PRN CALL DISCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- -------- --------- -------- -------- --------
D AETNA INC COM COMMON STOCK 008117103 5478 66000 SH SOLE 66000 0 0
D AETNA INC COM OPTIONS - CALLS 0081170DO 2822 34000 SH CALL SOLE 34000 0 0
D ALKERMES INC COM COMMON STOCK 01642T108 5452 200100 SH SOLE 200100 0 0
D ALLERGAN INC COM COMMON STOCK 018490102 2495 28400 SH SOLE 28400 0 0
D AMGEN INC USD.0001 COM COMMON STOCK 031162100 21586 288300 SH SOLE 288300 0 0
D AMGEN INC USD.0001 COM OPTIONS - CALLS 0311620DL 25270 337500 SH CALL SOLE 337500 0 0
D APRIA HEALTHCARE GROUP INC COM COMMON STOCK 037933108 19749 1663100 SH SOLE 1663100 0 0
D AVIRON COM COMMON STOCK 053762100 20499 1012300 SH SOLE 1012300 0 0
D AVIRON COM OPTIONS - CALLS 0537620ED 1620 80000 SH CALL SOLE 80000 0 0
D AVIRON COM OPTIONS - CALLS 0537620EE 506 25000 SH CALL SOLE 25000 0 0
D AVIRON COM OPTIONS - CALLS 0537620EW 1194 59000 SH CALL SOLE 59000 0 0
D AVIRON COM OPTIONS - CALLS 0537620EX 1012 50000 SH CALL SOLE 50000 0 0
D BARD C R INC COM COMMON STOCK 067383109 6809 135000 SH SOLE 135000 0 0
D BARR LABS INC COM COMMON STOCK 068306109 5947 195000 SH SOLE 195000 0 0
D BAUSCH & LOMB INC COM COMMON STOCK 071707103 6467 99500 SH SOLE 99500 0 0
D BAUSCH & LOMB INC COM OPTIONS - CALLS 0717070DK 6110 94000 SH CALL SOLE 94000 0 0
D BAXTER INTERNATIONAL INC USD1 OPTIONS - PUTS 0718130PP 1980 30000 SH PUT SOLE 30000 0 0
D BECTON DICKINSON & CO COM COMMON STOCK 075887109 8765 228800 SH SOLE 228800 0 0
D BECTON DICKINSON & CO COM OPTIONS - CALLS 0758870DG 7470 195000 SH CALL SOLE 195000 0 0
D BIOCRYST PHARMACEUTICALS INC COMMON STOCK 09058V103 1067 167500 SH SOLE 167500 0 0
D BRISTOL MYERS SQUIBB CO USD.10 OPTIONS - PUTS 1101220PM 6412 100000 SH PUT SOLE 100000 0 0
D CERNER CORP COM COMMON STOCK 156782104 1032 64300 SH SOLE 64300 0 0
D CHIREX INC COM COMMON STOCK 170038103 5598 228500 SH SOLE 228500 0 0
D CHIRON CORP COM COMMON STOCK 170040109 423 19300 SH SOLE 19300 0 0
D CHIRON CORP COM OPTIONS - CALLS 1700400DD 1096 50000 SH CALL SOLE 50000 0 0
D COMMUNITY MEDICAL TRANSPORT CO COMMON STOCK 203744305 45 16500 SH SOLE 16500 0 0
D CORAM HEALTHCARE CORP COM COMMON STOCK 218103109 2082 1075000 SH SOLE 1075000 0 0
D DENDRITE INTL INC COM COMMON STOCK 248239105 1664 74600 SH SOLE 74600 0 0
D DIANON SYS INC COM COMMON STOCK 252826102 5580 637800 SH SOLE 637800 0 0
D ENERGY BIOSYSTEMS CORP COM COMMON STOCK 29265L706 92 30858 SH SOLE 30858 0 0
D ENZON INC COM COMMON STOCK 293904108 13865 940000 SH SOLE 940000 0 0
D FOREST LABS INC COM COMMON STOCK 345838106 25351 449700 SH SOLE 449700 0 0
D FOREST LABS INC COM OPTIONS - CALLS 3458380DI 7610 135000 SH CALL SOLE 135000 0 0
D FOREST LABS INC COM OPTIONS - CALLS 3458380EH 11275 200000 SH CALL SOLE 200000 0 0
D GENENTECH INC COM CALLABLE & P OPTIONS - CALLS 3687100DN 35450 400000 SH CALL SOLE 400000 0 0
D GENENTECH INC COM CALLABLE & P OPTIONS - CALLS 3687100DQ 4431 50000 SH CALL SOLE 50000 0 0
D GENENTECH INC COM CALLABLE & P OPTIONS - CALLS 3687100DR 2215 25000 SH CALL SOLE 25000 0 0
D GENENTECH INC COM CALLABLE & P OPTIONS - PUTS 3687100PP 2215 25000 SH PUT SOLE 25000 0 0
D GENSIA SICOR INC COM COMMON STOCK 372450106 970 345000 SH SOLE 345000 0 0
D GENZYME CORP COM COMMON STOCK 372917104 2521 50000 SH SOLE 50000 0 0
D GENZYME TRANSGENICS CORP COM COMMON STOCK 37246E105 1017 258300 SH SOLE 258300 0 0
D HILLENBRAND INDS INC COM COMMON STOCK 431573104 3648 79000 SH SOLE 79000 0 0
D HUNTINGDON LIFE SCIENCES GROUP ADRS STOCKS 445891203 354 200000 SH SOLE 200000 0 0
D IDEC PHARMACEUTICALS CORP COMMON STOCK 449370105 25009 486800 SH SOLE 486800 0 0
D IDEC PHARMACEUTICALS CORP OPTIONS - CALLS 4493700DH 5548 108000 SH CALL SOLE 108000 0 0
D IDEC PHARMACEUTICALS CORP OPTIONS - CALLS 4493700DI 513 10000 SH CALL SOLE 10000 0 0
D IDX SYSTEMS CORP COM COMMON STOCK 449491109 2900 200000 SH SOLE 200000 0 0
D IMCLONE SYSTEMS INC COM COMMON STOCK 45245W109 7254 429900 SH SOLE 429900 0 0
D IMS HEALTH INC COM STK OPTIONS - PUTS 4499340PG 1656 50000 SH PUT SOLE 50000 0 0
D INCYTE PHARMACEUTICALS INC COMMON STOCK 45337C102 6227 310400 SH SOLE 310400 0 0
D MAGAININ PHARMACEUTICALS INC COMMON STOCK 559036108 140 90000 SH SOLE 90000 0 0
D MEDIMMUNE INC COM COMMON STOCK 584699102 18916 319600 SH SOLE 319600 0 0
D MEDIMMUNE INC COM OPTIONS - CALLS 5846990FH 5445 92000 SH CALL SOLE 92000 0 0
D MEDIWARE INFORMATION SYS INC COMMON STOCK 584946107 8046 1005836 SH SOLE 1005836 0 0
D MERCK & CO INC COM COMMON STOCK 589331107 480 6000 SH SOLE 6000 0 0
D MERCK & CO INC COM OPTIONS - PUTS 5893310PP 8012 100000 SH PUT SOLE 100000 0 0
D MICRO THERAPEUTICS INC NEW COMMON STOCK 59500W100 1300 200000 SH SOLE 200000 0 0
D MONSANTO CO COM COMMON STOCK 611662107 4524 98500 SH SOLE 98500 0 0
D MONSANTO CO COM OPTIONS - CALLS 6116620DH 22968 500000 SH CALL SOLE 500000 0 0
D NEOSE TECHNOLOGIES INC COM COMMON STOCK 640522108 4288 313300 SH SOLE 313300 0 0
D NEXSTAR PHARMACEUTICALS INC COMMON STOCK 65333B106 4095 240000 SH SOLE 240000 0 0
D PACIFICARE HEALTH SYSTEMS-B IN COMMON STOCK 695112201 2607 38200 SH SOLE 38200 0 0
D PACIFICARE HEALTH SYSTEMS-B IN OPTIONS - PUTS 695112EPN 2047 30000 SH PUT SOLE 30000 0 0
D PARACELSUS HLTHCARE CORP COM COMMON STOCK 698891108 220 160289 SH SOLE 160289 0 0
D PAREXEL INTL CORP COM COMMON STOCK 699462107 3570 172600 SH SOLE 172600 0 0
D PATHOGENESIS CORP COM COMMON STOCK 70321E104 5364 403000 SH SOLE 403000 0 0
D QUIDEL CORP USD.001 COM COMMON STOCK 74838J101 4636 2318000 SH SOLE 2318000 0 0
D SABRATEK CORP COM COMMON STOCK 78571U108 2122 141485 SH SOLE 141485 0 0
D SEPRACOR INC COM COMMON STOCK 817315104 4007 35700 SH SOLE 35700 0 0
D SNYDER COMMUNICATION INC COM OPTIONS - PUTS 8329140PG 836 30000 SH PUT SOLE 30000 0 0
D SOMNUS MEDICAL TECHNOLOGIES CO COMMON STOCK 835397100 2505 954500 SH SOLE 954500 0 0
D STERICYCLE INC COM COMMON STOCK 858912108 7991 594700 SH SOLE 594700 0 0
D SUMMIT TECHNOLOGY INC COM COMMON STOCK 86627E101 4345 395000 SH SOLE 395000 0 0
D SYNAPTIC PHARM CORP COM COMMON STOCK 87156R109 1100 160000 SH SOLE 160000 0 0
D SYNETIC INC COM COMMON STOCK 87160F109 15142 271000 SH SOLE 271000 0 0
D SYNETIC INC COM OPTIONS - CALLS 87160F0DI 1396 25000 SH CALL SOLE 25000 0 0
D TEXAS BIOTECHNOLOGY CORP COMMON STOCK 88221T104 15028 3206124 SH SOLE 3206124 0 0
D TOTAL RENAL CARE HLDGS INC COM COMMON STOCK 89151A107 1100 100000 SH SOLE 100000 0 0
D UNION CARBIDE CORP COM OPTIONS - CALLS 9055810DH 9037 200000 SH CALL SOLE 200000 0 0
D UNITED HEALTHCARE CORP COM OPTIONS - CALLS 9105810DI 10525 200000 SH CALL SOLE 200000 0 0
D UNITED HEALTHCARE CORP COM OPTIONS - CALLS 9105810DJ 5262 100000 SH CALL SOLE 100000 0 0
D VENTANA MEDICAL SYS COM COMMON STOCK 92276H106 3891 173900 SH SOLE 173900 0 0
D VETERINARY CENTER OF AMERICA C COMMON STOCK 925514101 7901 559400 SH SOLE 559400 0 0
D VICAL INC COM COMMON STOCK 925602104 717 70000 SH SOLE 70000 0 0
D VIROPHARMA INC COM COMMON STOCK 928241108 587 93000 SH SOLE 93000 0 0
D VISIBLE GENETICS COM COMMON STOCK 92829S104 5691 325200 SH SOLE 325200 0 0
D WARNER LAMBERT CO COMMON STOCK 934488107 1656 25000 SH SOLE 25000 0 0
D WARNER LAMBERT CO OPTIONS - PUTS 9344880PO 6625 100000 SH PUT SOLE 100000 0 0
S REPORT SUMMARY 88 DATA RECORDS 540473 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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