UNITED STATES
SECURITIES AND EXCHANGE
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the 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: Ameritas Life Insurance Corp.
Address: 5900 "O" Street
Lincoln, NE 68510
13F File Number: 28-6724
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: William W. Lester
Title: Senior Vice President - Investments and Treasurer
Phone: 402-467-6959
Signature, Place, and Date of Signing:
William W. Lester Lincoln, Nebraska May 13, 1999
Report Type (Check only one.):
[ x ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager: None
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT
OF 1934.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 78
Form 13F Information Table Value Total: $198,557
List of Other Included Managers:
No. 13F File Number Name
<PAGE>
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- -------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
ABBOTT LABORATORIES COM 002824100 3836 81950 SH DEFINED 01 81950
ADC TELECOMMUNICATIONS, INC COM 000886101 1710 35850 SH DEFINED 01 35850
ALCOA INC COM 013817101 414 10050 SH DEFINED 01 10050
ALIANT COMMUNICATIONS INC COM 016090102 3270 80000 SH DEFINED 01 80000
ALLIED WASTE INDUSTRIES COM 019589308 1130 78275 SH DEFINED 01 78275
ALLTEL CORP COM 020039103 2823 45262 SH DEFINED 01 45262
AMERICAN HOME PRODUCTS COM 026609107 2088 32000 SH DEFINED 01 32000
AMERUS LIFE HOLDINGS INC CL A COM 030732101 4200 175000 SH DEFINED 01 175000
AMR CORP COM 001765106 1437 24546 SH DEFINED 01 24546
ANHEUSER-BUSCH COS COM 035229103 773 10150 SH DEFINED 01 10150
APACHE CORP COM 037411105 1955 75000 SH DEFINED 01 75000
APPLIED POWER INC COM 038225108 1226 45000 SH DEFINED 01 45000
AUTOMATIC DATA PROCESSING INC COM 053015103 4180 101016 SH DEFINED 01 101016
BAKER HUGHES INC COM 057224107 334 13750 SH DEFINED 01 13750
BANK ONE CORP COM 06423A103 1951 35425 SH DEFINED 01 35425
BAXTER INTERNATIONAL INC COM 071813109 4572 69275 SH DEFINED 01 69275
BURLINGTON NORTHERN SANTA FE COM 12189T104 3580 108902 SH DEFINED 01 108902
CISCO SYSTEMS INC COM 17275R102 834 7609 SH DEFINED 01 7609
CITIGROUP INC COM 172967101 5536 86676 SH DEFINED 01 86676
COMPAQ COMPUTER CORP COM 204493100 5166 162768 SH DEFINED 01 162768
CONAGRA INC COM 205887102 4398 171625 SH DEFINED 01 171625
DELL COMPUTER CORP COM 247025109 227 5560 SH DEFINED 01 5560
DELTA & PINE LD CO COM 247357106 540 17572 SH DEFINED 01 17572
DENTSPLY INTL COM 249030107 1391 60000 SH DEFINED 01 60000
DUFF & PHELPS COM 264324104 108 10000 SH DEFINED 01 10000
ENRON CORP COM 293561106 536 8350 SH DEFINED 01 8350
FIRST COMMERCE BANCSHARES INC COM 319777108 352 14374 SH DEFINED 01 14374
FIRST COMMERCE BANCSHARES INC COM 319777207 2256 90248 SH DEFINED 01 90248
FIRST DATA CORP COM 319963104 3841 89854 SH DEFINED 01 89854
FLEET FINANCIAL GROUP INC COM 338915101 4020 107141 SH DEFINED 01 107141
GANNETT COMPANY COM 364730101 526 8350 SH DEFINED 01 8350
GAP INCORPORATED COM 364760108 927 13771 SH DEFINED 01 13771
GENENTECH INC COM 368710307 2953 33325 SH DEFINED 01 33325
GENERAL ELECTRIC CO COM 369604103 6593 59600 SH DEFINED 01 59600
GILEAD SCIENCES INC COM 375558103 647 14253 SH DEFINED 01 14253
GILLETTE COMPANY COM 375766102 3507 59005 SH DEFINED 01 59005
GTE CORP COM 362320103 2783 46000 SH DEFINED 01 46000
HASBRO INC COM 418056107 1371 47373 SH DEFINED 01 47373
IMS HEALTH INC COM 449934108 4316 130300 SH DEFINED 01 130300
INFINITY BROADCASTING CORP COM 45662S102 515 20000 SH DEFINED 01 20000
INTEL CORP COM 458140100 7078 59545 SH DEFINED 01 59545
KANSAS CITY SOUTHERN COM 485170104 356 6250 SH DEFINED 01 6250
KNOLL INC COM 498904101 871 35375 SH DEFINED 01 35375
LEGGETT & PLATT INC COM 524660107 2843 142125 SH DEFINED 01 142125
LEVEL 3 COMMUNICATIONS COM 52729N100 4957 68075 SH DEFINED 01 68075
LOCKHEED MARTIN CORPORATION COM 539830109 2114 56334 SH DEFINED 01 56334
LORAL SPACE & COMMUNICATIONS COM G56462107 365 25274 SH DEFINED 01 25274
MARTIN MARIETTA MATERIALS INC COM 573284106 1535 26894 SH DEFINED 01 26894
MATTEL INC COM 577081102 4230 169631 SH DEFINED 01 169631
MCDONALDS CORP COM 580135101 4402 97154 SH DEFINED 01 97154
MCI WORLDCOM INC COM 55268B106 1630 18416 SH DEFINED 01 18416
MCLEODUSA INC COM 582266102 3660 87148 SH DEFINED 01 87148
MELLON BANK CORPORATION COM 585509102 7066 100410 SH DEFINED 01 100410
MICROSOFT CORP COM 594918104 5651 63100 SH DEFINED 01 63100
MONSANTO CO COM 611662107 2134 46450 SH DEFINED 01 46450
MORGAN STANLEY COM 61744J416 6046 527091 SH DEFINED 01 527091
NEWELL RUBBERMAID INC COM 651192106 1900 40000 SH DEFINED 01 40000
NOBLE AFFILIATES INC COM 654894104 397 13700 SH DEFINED 01 13700
PENTAIR INC COM 709631105 2357 69825 SH DEFINED 01 69825
PEPSICO INC COM 713448108 5730 146225 SH DEFINED 01 146225
PFIZER INC COM 717081103 855 6165 SH DEFINED 01 6165
QWEST COMMUNICATIONS INTL COM 749121109 9135 126759 SH DEFINED 01 126759
REINSURANCE GROUP OF AMERICA COM 759351208 1753 51735 SH DEFINED 01 51735
SCHERING-PLOUGH CORP COM 806605101 816 14775 SH DEFINED 01 14775
SITEL CORP COM 82980K107 42 17500 SH DEFINED 01 17500
SPRINT CORP PCS GRP COM 852061506 768 17336 SH DEFINED 01 17336
SPRINT FON GROUP COM 852061100 3477 35433 SH DEFINED 01 35433
TYCO INTERNATIONAL INC COM 902124106 2153 30000 SH DEFINED 01 30000
UNITED HEALTHCARE CORP COM 910581107 1776 33750 SH DEFINED 01 33750
US BANCORP COM 902973106 2564 75264 SH DEFINED 01 75264
VERIO INC COM 923433106 876 19053 SH DEFINED 01 19053
WAL-MART STORES INC COM 931142103 8260 89500 SH DEFINED 01 89500
WALGREEN CO COM 931422109 536 18970 SH DEFINED 01 18970
WARNER-LAMBERT CO COM 934488107 2614 39456 SH DEFINED 01 39456
WELLS FARGO COMPANY COM 949746101 3272 93315 SH DEFINED 01 93315
WESLEY JESSEN VISIONCARE INC COM 951018100 368 13450 SH DEFINED 01 13450
WOLVERINE WORLD WIDE INC COM 978097103 484 50925 SH DEFINED 01 50925
WRIGLEY WM JR CO COM 982526105 662 7325 SH DEFINED 01 7325
COLUMN TOTALS 198557 4824938 4824938
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