UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 1998
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: Schwerin Boyle Capital Management, Inc.
Address: 1391 Main Street
Springfield, MA 01103
13F File Number: 28-4834
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: M. Eleanor Murphy
Title: Vice President
Phone: 413-784-0990
Signature, Place, and Date of Signing:
/s/ M. Eleanor Murphy, Springfield, MA, November 13, 1998
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: -0-
Form 13F Information Table Entry Total: 23
Form 13F Information Table Value Total: $205,753
List of Other Included Managers:
None
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<TABLE>
FORM 13F INFORMATION TABLE
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TITLE VALUE SHARES SH/ PUT/ INVSTMT OTH VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (X$1000) PRN/AMT PRN CALL DSCRETN MGRS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
American Management Systems, Inc. COM 027352103 18109 661500 SH SOLE 50000 611500
Ametek, Inc. COM 031100100 5043 292350 SH SOLE 26800 265550
Atwood Oceanics, Inc. COM 050095108 6751 324375 SH SOLE 18000 306375
Cathay Bancorp COM 149150104 10818 296397 SH SOLE 25100 271297
Chateau Communities COM 161739107 18011 644672 SH SOLE 48500 596172
Dover Downs Entertainment, Inc. COM 260086103 3343 264800 SH SOLE 264800
Federal Home Loan Mtg. Corp. COM 313400301 20445 411990 SH SOLE 31000 380990
First Data Corporation COM 319963104 7742 329450 SH SOLE 23600 305850
GBC Bancorp COM 361475106 4841 201700 SH SOLE 201700
Helmerich & Payne, Inc. COM 423452101 210 10000 SH SOLE 10000
International Speedway Corp.'B COM 460335102 3461 116350 SH SOLE 7500 108850
Leucadia National Corp. COM 527288104 3090 105412 SH SOLE 105412
Littelfuse, Inc. COM 537008104 9326 469250 SH SOLE 30000 439250
Mercury General Corp. COM 589400100 14199 378650 SH SOLE 31000 347650
Mestek, Inc. COM 590829107 6694 359425 SH SOLE 33300 326125
National Golf Properties, Inc. COM 63623G109 25529 924125 SH SOLE 65500 858625
Penske Motorsports, Inc. COM 709598106 5902 271375 SH SOLE 33900 237475
Post Properties, Inc. COM 737464107 2194 56700 SH SOLE 7000 49700
Sun Communities COM 866674104 8159 243090 SH SOLE 17700 225390
Superior National Insurance COM 868224106 1951 121950 SH SOLE 5000 116950
United Asset Management Corp. COM 909420101 8441 392625 SH SOLE 35800 356825
Valassis Communications, Inc. COM 918866104 15573 389325 SH SOLE 27000 362325
Wells Fargo & Co. COM 949740104 5920 16675 SH SOLE 900 15775
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