UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended : March 31, 1999
Institutional Investment Manager Filing this report :
Name : Baring Asset Management, Inc.
Address : Suite 2700
High Street Tower
125 High Street
Boston
MA 02110
13F File Number : 28-4544
The institutional investment maanger 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 : Wick Sloane
Title : Chief Operating Officer
Phone : 617-946-5205
Signature, Place and Date of Signing :
Wick Sloane Boston, MA. April 28, 1999
Report Type :
[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 EXCHANGE
ACT OF 1934
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary :
Number of Other Included Managers : 1
Form 13F Information Table Entry Total : 186
Form 13F Information Table Value Total : 4064113
List of Other Included Managers :
No. 13F File Number Name
01 28-7516 ING MUTUAL FUNDS MANAGEMENT CO. LLC
<PAGE>
<TABLE>
<C> <C>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5
ITEM 6 ITEM 7 ITEM 8
Name of Issuer Title of Class Cusip Fair Shares
- - ----Investment Discretion---- ------Voting Authority-------
Code Market or
Shared
Value Principal Sole
Shared Other Mgrs Sole Shared None
- - -------------------- -------------- --------- --------- --------- ---------
- - --------- --------- ------ --------- --------- ---------
ABERCROMB & FITCH COM 002896207 1467 15900 15900
0 0 01 7700 8200 0
AIB COM 018998203 2463 142059 142059
0 0 125059 0 17000
ALCOA INC COM 013817101 535 13000 13000
0 0 13000 0 0
ALLEGHENY TELEDYN COM 017415100 413 21800 21800
0 0 21800 0 0
ALLSTATE CORP COM 020002101 54298 1465044 1465044
0 0 01 725744 113600 625700
AMER INTL GROUP COM 026874107 132641 1099612 1099612
0 0 01 564886 86425 448301
AMERICA ONLINE COM 02364J104 42027 285900 285900
0 0 01 168900 25500 91500
APOLLO GROUP INC COM 037604105 3670 122850 122850
0 0 01 100400 10500 11950
ARACRUZ CELULOSE ADR 038496204 4515 311400 311400
0 0 311400 0 0
ASSOCS FIRST CAP COM 046008108 540 12000 12000
0 0 12000 0 0
ATLANTIC RICHFLD COM 048825103 512 7000 7000
0 0 7000 0 0
BANCOLOMBIA ADR 05968L102 758 157600 157600
0 0 157600 0 0
BANK OF NEW YORK COM 064057102 65341 1818196 1818196
0 0 01 870996 173700 773500
BED BATH & BEYOND COM 075896100 28682 785800 785800
0 0 01 370300 103900 311600
BIOGEN INC COM 090597105 5053 44200 44200
0 0 01 33200 6900 4100
BIOMET INC COM 090613100 252 6000 6000
0 0 01 3000 3000 0
BLUE SQUARE ADR 096055108 719 56400 56400
0 0 56400 0 0
BOWATER INC COM 102183100 210 5300 5300
0 0 5300 0 0
BRASIL DISTR(PAO) ADR 20440T201 10046 686900 686900
0 0 686900 0 0
BRISTOL MYERS SQB COM 110122108 75428 1176262 1176262
0 0 01 678062 73400 424800
CAPITAL ONE FIN COM 14040H105 1510 10000 10000
0 0 10000 0 0
CARDINAL HEALTH COM 14149Y108 61446 931003 931003
0 0 01 517453 60250 353300
CARNIVAL CORP COM 143658102 50534 1040600 1040600
0 0 01 602000 91300 347300
CDW COMPUTER CTR COM 125129106 1194 17300 17300
0 0 01 8400 8900 0
CELESTIAL SEASON COM 151016102 225 10400 10400
0 0 10400 0 0
CHASE MANHATTAN COM 16161A108 1302 16000 16000
0 0 16000 0 0
CHEVRON CORP COM 166751107 621 7000 7000
0 0 7000 0 0
CIA TELEFONOS VEN ADR 204421101 3772 207400 207400
0 0 207400 0 0
CIRQUE ENERGY COM 172935207 71 79225 79225
0 0 79225 0 0
CISCO SYSTEMS COM 17275R102 110457 1008160 1008160
0 0 01 583435 59550 365175
CITIGROUP COM 172967101 111457 1744921 1744921
0 0 01 954121 116075 674725
CMAC INVESTMENT COM 125662106 1002 25700 25700
0 0 01 12900 12800 0
COASTAL CORP COM 190441105 422 12800 12800
0 0 12800 0 0
COCA-COLA CO COM 191216100 81010 1319924 1319924
0 0 01 766754 77120 476050
COCA-COLA FEMSA ADS 191241108 12355 757400 757400
0 0 757200 0 200
COMPUTER NETWORK COM 204925101 643 39900 39900
0 0 01 20100 19800 0
COMPUWARE CORP COM 205638109 21891 916900 916900
0 0 01 486500 101800 328600
COMVERSE TECH INC COM 205862402 289 3400 3400
0 0 01 1800 1600 0
CONCORD EFS COM 206197105 5444 197500 197500
0 0 01 152150 27500 17850
COPEL(PARANAENSE) ADR 20441B407 11738 1565000 1565000
0 0 1565000 0 0
COVANCE INC COM 222816100 486 19400 19400
0 0 01 9400 10000 0
DANAHER CORP COM 235851102 26214 501700 501700
0 0 01 252300 63500 185900
DELL COMPUTERS COM 247025109 53317 1304400 1304400
0 0 01 708600 124200 471600
DESC ADS 250309101 6963 260900 260900
0 0 260700 0 200
DEVON ENERGY CORP COM 251799102 276 10000 10000
0 0 10000 0 0
DEVRY INC COM 251893103 1546 53300 53300
0 0 01 26800 26500 0
DIAL CORP COM 25247D101 12760 371200 371200
0 0 01 241300 72400 57500
DOLLAR TREE STORE COM 256747106 859 27750 27750
0 0 01 13500 14250 0
ECI TELECOM COM 268258100 3460 98850 98850
0 0 98850 0 0
EDUCATION MGMT COM 28139T101 959 31200 31200
0 0 01 15200 16000 0
ELAN CORP ADR 284131208 11908 170730 170730
0 0 01 110990 0 59740
ELECTRONIC ARTS COM 285512109 1235 26000 26000
0 0 01 13000 13000 0
ELRON ELECTRONICS COM 290160100 258 14200 14200
0 0 14200 0 0
EMC CORP(MASS) COM 268648102 100316 785256 785256
0 0 01 421506 63100 300650
ENCAL ENERGY COM 29250D107 383 89200 89200
0 0 89200 0 0
ENERSIS ADR 29274F104 6967 267300 267300
0 0 01 267300 0 0
ENTRUST TECH COM 293848107 1114 33000 33000
0 0 01 16500 16500 0
EVERGREEN RES INC COM 299900308 460 23000 23000
0 0 23000 0 0
EXXON CORP COM 302290101 73037 1035071 1035071
0 0 01 518971 82300 433800
FAMILY DLR STORES COM 307000109 278 12100 12100
0 0 01 6100 6000 0
FLOWERS IND INC COM 343496105 1628 66100 66100
0 0 01 32100 34000 0
FOMENTO ECONOMICO ADR 344419106 14816 478900 478900
0 0 478500 0 400
FONDO VAL INMOBIL ADR 302669304 837 289187 289187
0 0 289187 0 0
FORD MOTOR CO COM 345370100 57266 1010200 1010200
0 0 01 503500 82100 424600
FORMULA SYSTEMS ADR 346414105 454 17650 17650
0 0 17650 0 0
FREDDIE MAC COM 313400301 1146 20000 20000
0 0 20000 0 0
GANNETT CO COM 364730101 62697 995186 995186
0 0 01 532786 74800 387600
GAP INC COM 364760108 41964 623425 623425
0 0 01 333500 36675 253250
GENERAL ELEC(US) COM 369604103 175493 1586376 1586376
0 0 01 905276 106100 575000
GENTEX CORP COM 371901109 535 24800 24800
0 0 01 12400 12400 0
GEORGIA PACIFIC COM 373298702 590 26300 26300
0 0 26300 0 0
GILAT SATELLITE COM M51474100 1331 22190 22190
0 0 22190 0 0
GLOBAL CROSSING COM G3921A100 463 10000 10000
0 0 10000 0 0
GLOBAL TELESYSTEM COM 37936U104 1678 30000 30000
0 0 30000 0 0
GRUPO IMSA ADR 40048T106 6148 388800 388800
0 0 388300 0 500
GRUPO IUSACELL ADR 40049W306 672 84000 84000
0 0 01 84000 0 0
GRUPO TELEVISA ADR 40049J206 22157 706200 706200
0 0 01 705400 0 800
GUIDANT CORP COM 401698105 21544 356100 356100
0 0 01 181700 43200 131200
HARLEY DAVIDSON COM 412822108 18641 324900 324900
0 0 01 100100 54000 170800
HARTE-HANKS INC COM 416196103 4972 181200 181200
0 0 01 142400 21300 17500
HCC INS HOLDING COM 404132102 1565 81300 81300
0 0 01 39500 41800 0
HOLLINGER INTL COM 435569108 888 65500 65500
0 0 01 31800 33700 0
HOME DEPOT INC COM 437076102 142865 2295016 2295016
0 0 01 1271062 169964 853990
IMPERIAL OIL COM 453038408 273 14400 14400
0 0 14400 0 0
INCO COM 453258709 786 75600 75600
0 0 75600 0 0
INDIA FUND COM 454089103 1153 123000 123000
0 0 123000 0 0
INSPIRE INSURANCE COM 457732105 475 25000 25000
0 0 25000 0 0
INT NETWORK SERV COM 460053101 4294 61400 61400
0 0 01 49100 5400 6900
INTEL CORP COM 458140100 133449 1122600 1122600
0 0 01 647800 74300 400500
INTL BUSINESS MA COM 459200101 116770 658786 658786
0 0 01 331086 52400 275300
INTUIT INC COM 461202103 509 5000 5000
0 0 5000 0 0
KIMBERLY CLK MEX ADR 494386204 422 22600 22600
0 0 22600 0 0
KNIGHT-TRIMARK GR COM 499067106 596 8900 8900
0 0 01 4500 4400 0
KOOR INDUSTRIES ADR 500507108 1236 58490 58490
0 0 58490 0 0
LAMAR ADVERTISING COM 512815101 1215 35800 35800
0 0 01 19100 16700 0
LASALLE RE HLDGS COM G5383Q101 295 20000 20000
0 0 20000 0 0
LEGGETT AND PLATT COM 524660107 16352 817600 817600
0 0 01 424300 111300 282000
LILLY(ELI) & CO COM 532457108 45153 532000 532000
0 0 01 325400 35400 171200
LINENS & THINGS COM 535679104 1044 23000 23000
0 0 01 12300 10700 0
LUCENT TECH COM 549463107 110648 1024520 1024520
0 0 01 588018 72402 364100
MATAV RT ADS 559776109 5050 188800 188800
0 0 188800 0 0
MCDONALD'S CORP COM 580135101 75749 1671700 1671700
0 0 01 835800 131000 704900
MCI WORLDCOM INC COM 55268B106 153539 1733680 1733680
0 0 01 869930 144750 719000
MEDTRONIC INC COM 585055106 90499 1259121 1259121
0 0 01 687521 88700 482900
MERCK & CO INC COM 589331107 90964 1135272 1135272
0 0 01 667072 68400 399800
MERCURY INTERACT COM 589405109 542 15200 15200
0 0 01 7600 7600 0
METALS USA INC COM 591324108 760 86800 86800
0 0 01 42300 44500 0
MEXICO FUND COM 592835102 608 40000 40000
0 0 40000 0 0
MICROSOFT CORP COM 594918104 187696 2094240 2094240
0 0 01 1133240 153600 807400
MILLENNIUM CHEM COM 599903101 267 13450 13450
0 0 13450 0 0
MILLENNIUM PHARM COM 599902103 528 16900 16900
0 0 01 8500 8400 0
MINAS BUENAVENTRA ADR 204448104 321 24250 24250
0 0 24250 0 0
MOBIL CORP COM 607059102 1795 20400 20400
0 0 20400 0 0
MORGAN STANLEY DW COM 617446448 64060 641000 641000
0 0 01 340200 46200 254600
NETWORK APPLIANCE COM 64120L104 319 6300 6300
0 0 01 3300 3000 0
NEWMONT MINING COM 651639106 187 10700 10700
0 0 10700 0 0
NEXTLINK COMM COM 65333H707 1350 24100 24100
0 0 01 21600 2500 0
NOVELLUS SYSTEMS COM 670008101 276 5000 5000
0 0 01 2500 2500 0
NTL INC COM 629407107 1221 15000 15000
0 0 15000 0 0
OCULAR SCIENCES COM 675744106 1213 42300 42300
0 0 01 21300 21000 0
OMNICOM GROUP COM 681919106 53246 666100 666100
0 0 01 393000 49300 223800
ORBOTECH COM M75253100 3792 77200 77200
0 0 77200 0 0
OSTEOTECH INC COM 688582105 645 18750 18750
0 0 01 9150 9600 0
PENTAIR INC COM 709631105 986 29200 29200
0 0 01 14200 15000 0
PFIZER INC COM 717081103 124338 896130 896130
0 0 01 492980 58500 344650
PHILIPPINE LDT ADR 718252604 5161 199463 199463
0 0 77100 0 122363
PHILLIPS PETE CO COM 718507106 482 10200 10200
0 0 10200 0 0
PITNEY BOWES COM 724479100 7401 116100 116100
0 0 100800 0 15300
PLAINS RESOURCES COM 726540503 497 33100 33100
0 0 33100 0 0
POHANG IRON&STEEL ADR 730450103 12542 701637 701637
0 0 382500 0 319137
POST ENERGY CORP COM 73742U103 67 23700 23700
0 0 23700 0 0
PROTECT LIFE CORP COM 743674103 1288 34000 34000
0 0 01 18200 15800 0
RAND A TECH CORP COM 751908104 479 50000 50000
0 0 0 50000 0
ROC TAIWAN FUND COM 749651105 2884 448000 448000
0 0 448000 0 0
ROSS STORES INC COM 778296103 1279 29200 29200
0 0 01 14200 15000 0
SAFEWAY INC COM 786514208 71671 1396760 1396760
0 0 01 718660 97100 581000
SCHERING-PLOUGH COM 806605101 41924 758800 758800
0 0 01 413300 85200 260300
SEPRACOR INC COM 817315104 674 6000 6000
0 0 6000 0 0
SK TELECOM ADS 78440P108 2844 231191 231191
0 0 24386 0 206805
SMURFIT-STONE COM 832727101 238 12300 12300
0 0 12300 0 0
SNYDER COMM INC COM 832914105 6949 249300 249300
0 0 01 197300 25500 26500
SOCIEDAD QUIMICA ADR 833635105 1200 37500 37500
0 0 37500 0 0
SOUTHERN PERU CPR COM 843611104 165 16400 16400
0 0 16400 0 0
STAPLES INC COM 855030102 25593 778500 778500
0 0 01 354050 83950 340500
STILLWATER MINING COM 86074Q102 555 21050 21050
0 0 21050 0 0
SUMMIT BANCORP COM 866005101 624 16000 16000
0 0 16000 0 0
SUN MICROSYSTEMS COM 866810104 50338 402500 402500
0 0 01 195350 46700 160450
SUNCOR ENERGY INC COM 867229106 547 16300 16300
0 0 16300 0 0
SUNGARD DATA SYS COM 867363103 4960 124000 124000
0 0 01 91900 22100 10000
SUNRISE ASSISTED COM 86768K106 1239 27200 27200
0 0 01 13200 14000 0
SWIFT TRANS CO COM 870756103 1014 39650 39650
0 0 01 23400 16250 0
SYSCO CORP COM 871829107 19942 757900 757900
0 0 01 388800 82500 286600
TAIWAN FUND INC COM 874036106 2497 182400 182400
0 0 182400 0 0
TAIWAN SEMICONDUC ADS 874039100 5308 224690 224690
0 0 152690 0 72000
TELE ARGENTINA SA ADR 879273209 1506 54900 54900
0 0 54900 0 0
TELECENTRO SUL PT ADR 879239101 6863 148600 148600
0 0 148600 0 0
TELECOM DE CHILE ADR 204449300 7168 304200 304200
0 0 304200 0 0
TELEFON ARGENTINA ADR 879378206 14400 476020 476020
0 0 476020 0 0
TELEFONICA PERU ADR 879384105 4050 317600 317600
0 0 317600 0 0
TELEFONOS MEXICO ADR 879403780 43936 665700 665700
0 0 665200 0 500
TELESP PART ADR 87952K100 1530 74200 74200
0 0 74200 0 0
TEVA PHARM INDS ADR 881624209 3809 80300 80300
0 0 80300 0 0
TMP WORLDWIDE INC COM 872941109 1056 16300 16300
0 0 01 8200 8100 0
TOWER AUTO INC COM 891707101 905 48600 48600
0 0 01 23600 25000 0
TRICON GLOBAL RES COM 895953107 22803 324600 324600
0 0 01 159700 37000 127900
TYCO INT'L LTD COM 902124106 95428 1330000 1330000
0 0 01 686600 107900 535500
UNIPHASE CORP COM 909149106 299 2600 2600
0 0 01 1300 1300 0
UNITED RENTALS COM 911363109 1444 50650 50650
0 0 01 24600 26050 0
UNIVISION COMMS COM 914906102 500 10000 10000
0 0 10000 0 0
US BANCORP COM 902973106 30140 884850 884850
0 0 01 420550 116100 348200
VERITAS SOFTWARE COM 923436109 13671 169300 169300
0 0 01 123650 19450 26200
VIMPEL COMMS ADR 68370R109 1916 123600 123600
0 0 123600 0 0
VINTAGE PETROLEUM COM 927460105 399 44300 44300
0 0 44300 0 0
VISIO CORP COM 927914101 366 13000 13000
0 0 01 8500 4500 0
VITESSE SEMICOND COM 928497106 456 9000 9000
0 0 01 4500 4500 0
WAL-MART STORES COM 931142103 185610 2013402 2013402
0 0 01 1088602 148200 776600
WARNER-LAMBERT COM 934488107 88848 1341100 1341100
0 0 01 742950 96900 501250
WATERS CORP COM 941848103 1881 17900 17900
0 0 01 9300 8600 0
WELLS FARGO & CO COM 949746101 103371 2948190 2948190
0 0 01 1501590 252800 1193800
WHOLE FOODS MKT COM 966837106 268 7800 7800
0 0 7800 0 0
WIND RIVER SYSTEM COM 973149107 410 23025 23025
0 0 01 12300 10725 0
XEROX CORP COM 984121103 53543 1027200 1027200
0 0 01 557400 65400 404400
XOMED SURGICAL COM 98412V107 432 11000 11000
0 0 01 5500 5500 0
YAHOO INC COM 984332106 674 4000 4000
0 0 4000 0 0
YPF SOC ANONIMA ADR 984245100 20421 647010 647010
0 0 01 647010 0 0
ZIONS BANCORP COM 989701107 931 14000 14000
0 0 01 7700 6300 0
</TABLE>
