UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13 F
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 Fining this Report:
Name: Reams Asset Management Company, LLC
Address:227 Washington Street
P.O. Box 666
Columbus, IN 47202-0666
13F File Number: 28-4492
The institutional investment manager filing this report and the person by
whom it is signed hereby represent that the person signing the report is
authorized to submit it, that all information contained herein is true,
correct and complete, and that it is understood that all required items,
statements, schedules, lists, and tables, are considered integral parts
of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: David B. McKinney
Title: Vice President - Administration
Phone: 812-372-6606
Signature, Place, and Date of Signing:
/s/ David B. McKinney Columbus,IN 11-May-99
Report Type (Check only one.):
[x] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES AND EXCHANGE ACT
OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Informational Table Entry Total 96
Form 13F Information Table Value Total: $237,808,375
<PAGE>
<TABLE> <C> <C> <C> <C> <C> <C> <C> <C><C> <C> <C>
AGCO CORP COM 001084102 2386125 363600 363600 0 0 0 363600 0 0
AMLI RESIDENTIAL PPTYS TR SH BEN INT 001735109 598125 29000 29000 0 0 0 29000 0 0
AMCAST INDL CORP COM 023395106 4053825 251400 251400 0 0 0 251400 0 0
ANDREW CORP COM 034425108 1367919 111100 111100 0 0 0 111100 0 0
ARMCO INC COM 042170100 665625 150000 150000 0 0 0 150000 0 0
ARNOLD INDS INC COM 042595108 5215175 350600 350600 0 0 0 350600 0 0
ARROW ELECTRS INC COM 042735100 3330000 222000 222000 0 0 0 222000 0 0
ARTESYN TECHNOLOGIES INC COM 043127109 2427975 196200 196200 0 0 0 196200 0 0
ASSET INVS CORP COM NEW 045417201 866400 72200 72200 0 0 0 72200 0 0
BANTA CORP COM 066821109 3822800 201200 201200 0 0 0 201200 0 0
BE AEROSPACE INC COM 073302101 5199375 352500 352500 0 0 0 352500 0 0
BELDEN INC COM 077459105 4277569 250700 250700 0 0 0 250700 0 0
BUSH INDS INC CL A 123164105 1051488 85400 85400 0 0 0 85400 0 0
CARMIKE CINEMAS CL A 143436103 3215125 178000 178000 0 0 0 178000 0 0
CLARCOR INC COM 179895107 5349094 313500 313500 0 0 0 313500 0 0
COLONIAL PROPERTIES TRUST SPON ADR CL A 195872106 1456050 57100 57100 0 0 0 57100 0 0
COMMERCIAL FEDERAL CORPORATION COM 201647104 1915288 82600 82600 0 0 0 82600 0 0
CONDOR TECHNOLOGY SOLUTIONS COM 206772105 778050 81900 81900 0 0 0 81900 0 0
COOPER TIRE & RUBBER COM 216831107 3810975 207400 207400 0 0 0 207400 0 0
CROMPTON & KNOWLES CORP COM 227111101 3116925 197900 197900 0 0 0 197900 0 0
CROWN CRAFTS INC COM 228309100 600000 120000 120000 0 0 0 120000 0 0
DAMES & MOORE GROUP COM 235713104 6379113 570200 570200 0 0 0 570200 0 0
DAN RIV INC GA CL A 235774106 850000 100000 100000 0 0 0 100000 0 0
DEPARTMENT 56 INC COM 249509100 5637025 185200 185200 0 0 0 185200 0 0
DURAKON INDS INC COM 266334101 2607344 225500 225500 0 0 0 225500 0 0
DYERSBURG CORP COM 267575108 390625 250000 250000 0 0 0 250000 0 0
EAST WEST BANCORP INC COM 27579R104 2010938 225000 225000 0 0 0 225000 0 0
800-JR CIGAR INC COM 282491109 503750 65000 65000 0 0 0 65000 0 0
ELECTROGLAS INC COM 285324109 2277588 176900 176900 0 0 0 176900 0 0
ENRON OIL & GAS CO COM 293562104 3305050 198800 198800 0 0 0 198800 0 0
FEDDERS CORP COM 313135105 1917169 378700 378700 0 0 0 378700 0 0
FEDDERS CORP CL A CL A 313135303 1770450 382800 382800 0 0 0 382800 0 0
FERRO CORP COM 315405100 1326600 53600 53600 0 0 0 53600 0 0
FIRST ALLICANCE CORP COM 317936102 92075 25400 25400 0 0 0 25400 0 0
FIRST BELL BANCORP INC COM 319301107 2980100 175300 175300 0 0 0 175300 0 0
FIRST INDUSTRIAL REALTY TRUST COM 32054K103 2824625 118000 118000 0 0 0 118000 0 0
FURON CO COM 361106107 5329013 422100 422100 0 0 0 422100 0 0
GENERAL CIGAR HLDGS INC CL A 36933P100 986194 105900 105900 0 0 0 105900 0 0
GIANT CEMENT HLDG INC COM 374450104 4735156 275500 275500 0 0 0 275500 0 0
GLOBAL INDL TECHNOLOGIES INC COM 379335102 3308588 318900 318900 0 0 0 318900 0 0
GREAT LAKES REIT COM 390752103 2478050 170900 170900 0 0 0 170900 0 0
GRIFFON CORP COM NEW 398433102 4677750 680400 680400 0 0 0 680400 0 0
HAEMONETICS CORP. COM 405024100 2646481 168700 168700 0 0 0 168700 0 0
HARMAN INTL INDS INC COM 413086109 6214425 169100 169100 0 0 0 169100 0 0
HOLOPHANE CORP COM 43645B106 2613600 118800 118800 0 0 0 118800 0 0
IMPERIAL CR INDS INC COM 452729106 2119163 289800 289800 0 0 0 289800 0 0
INTERFACE INC CL A 458665106 4309113 447700 447700 0 0 0 447700 0 0
INTERIM SERVICES, INC. COM 45868P100 1804500 120300 120300 0 0 0 120300 0 0
INTL SPECIALTY PRODUCTS COM 460337108 1402088 185400 185400 0 0 0 185400 0 0
INTERSTATE BAKERIES CORP DEL COM 46072H108 2054906 95300 95300 0 0 0 95300 0 0
JACOBS ENGR GROUP INC DEL COM 469814107 1159463 29400 29400 0 0 0 29400 0 0
JUNO LTG INC COM 482047107 5912281 263500 263500 0 0 0 263500 0 0
KLM ROYAL DUTCH ARLINES COM N Y REG 482516101 4002022 144217 144217 0 0 0 144217 0 0
KEMET CORP COM 488360108 2557600 222400 222400 0 0 0 222400 0 0
KENNAMETAL INC COM 489170100 2857013 162100 162100 0 0 0 162100 0 0
LAFARGE CORP COM 505862102 3267600 116700 116700 0 0 0 116700 0 0
LAWSON PRODS INC COM 520776105 2076650 101300 101300 0 0 0 101300 0 0
LOCAL FINANCIAL CORP COM 539553107 3111306 334100 334100 0 0 0 334100 0 0
LONE STAR INDS INC COM NEW 542290408 4634500 149500 149500 0 0 0 149500 0 0
LONG BEACH FINL CORP COM 542446109 4030950 418800 418800 0 0 0 418800 0 0
MACNEAL SCHWENDLER CORP COM 554806109 1014000 169000 169000 0 0 0 169000 0 0
MANPOWER INC COM 56418H100 3693250 158000 158000 0 0 0 158000 0 0
MARINE DRILLING COS INC COM PAR $0.01 568240204 920700 83700 83700 0 0 0 83700 0 0
MARK IV INDS INC COM 570387100 3591900 276300 276300 0 0 0 276300 0 0
MAXWELL SHOE CO. INC CL A 577766108 859913 99700 99700 0 0 0 99700 0 0
MEADOWCRAFT INC COM 583204102 600000 100000 100000 0 0 0 100000 0 0
MITCHELL ENERGY & DEV CORP CL B 606592301 860000 68800 68800 0 0 0 68800 0 0
NATIONAL STL CORP CL B 637844309 2517075 305100 305100 0 0 0 305100 0 0
NOBLE AFFILIATES INC COM 654894104 4193400 144600 144600 0 0 0 144600 0 0
NORTHWEST PIPE CO. COM 667746101 2369400 143600 143600 0 0 0 143600 0 0
PIONEER STD ELECTRS INC COM 723877106 3531938 538200 538200 0 0 0 538200 0 0
PRENTISS PPTYS TR SH BEN INT 740706106 2595000 138400 138400 0 0 0 138400 0 0
PUBLIC STORAGE INC COM 74460D109 1591000 63640 63640 0 0 0 63640 0 0
QUAKER FABRIC CORP NEW COM 747399103 1668750 300000 300000 0 0 0 300000 0 0
QUANEX CORP COM 747620102 1931300 124600 124600 0 0 0 124600 0 0
RPM INC COM 749685103 1073986 80675 80675 0 0 0 80675 0 0
RESOURCE BANCSHARES MTG GROUP COM 761197102 3409673 264829 264829 0 0 0 264829 0 0
S&P 500 DEPOSITORY RECEIPT UNIT SER 1 78462F103 -25675000 -200000 -200000 0 0 0 -200000 0 0
SANTA FE ENERGY RES INC COM 802012104 6976750 946000 946000 0 0 0 946000 0 0
SCHULMAN A INC COM 808194104 2699113 198100 198100 0 0 0 198100 0 0
SEACOST FINL SVCS CORP COM 81170Q106 2345313 237500 237500 0 0 0 237500 0 0
SNAP ON INC COM 833034101 1754500 60500 60500 0 0 0 60500 0 0
SOVEREIGN BANCORP INC COM 845905108 4483500 366000 366000 0 0 0 366000 0 0
SOVRAN SELF STORAGE INC COM 84610H108 2128431 91300 91300 0 0 0 91300 0 0
SPEEDFAM-IPEC INC COM 847706108 1834800 152900 152900 0 0 0 152900 0 0
STANDEX INTL CORP COM 854231107 4915313 224700 224700 0 0 0 224700 0 0
STOLT COMEX SEAWAY S A SPON ADR CL A 861567105 837500 100000 100000 0 0 0 100000 0 0
SWISHER INTL GROUP INC CL A 870809100 2681250 300000 300000 0 0 0 300000 0 0
TEXAS INDS INC COM 882491103 5843344 235500 235500 0 0 0 235500 0 0
UCAR INTL INC COM 90262K109 5320888 376700 376700 0 0 0 376700 0 0
UNIFI INC COM COM 904677101 1731450 135800 135800 0 0 0 135800 0 0
WARNACO GROUP INC CL A 934390105 1639250 66400 66400 0 0 0 66400 0 0
WINSTON HOTELS INC COM 97563A102 1795625 221000 221000 0 0 0 221000 0 0
WORLD FUEL SVCS CORP COM 981475106 1998338 171900 171900 0 0 0 171900 0 0
STOLT COMEX SEAWAY SA COM L8873E103 3858663 400900 400900 0 0 0 400900 0 0
STOLT NIELSEN S A COM L88742108 5553300 513600 513600 0 0 0 513600 0 0
( 96 items ) 237808375 20173461 20173461
</TABLE>
