UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 1997
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, February 11, 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: $242,032
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 13092 671400 SH SOLE 50000 621400
Atwood Oceanics, Inc. COM 050095108 2966 62600 SH SOLE 62600
California Center Bank COM No Cusip 2872 170207 SH SOLE 9292 160915
Cathay Bancorp COM 149150104 10598 290347 SH SOLE 25100 265247
Chateau Communities COM 161739107 12517 397372 SH SOLE 31781 365591
Dover Downs Entertainment, Inc. COM 260086103 2927 127600 SH SOLE 127600
Federal Home Loan Mortgage Corp. COM 313400301 24080 574190 SH SOLE 43600 530590
First Data Corporation COM 319963104 3178 108650 SH SOLE 6200 102450
GBC Bancorp COM 361475106 6493 101850 SH SOLE 101850
GoodMark Foods, Inc. COM 382387108 13104 708300 SH SOLE 50000 658300
Hanmi Bank COM 410493100 9123 506838 SH SOLE 56183 450655
International Speedway Corp. COM 460335102 2749 116350 SH SOLE 7500 108850
Leucadia National Corp. COM 527288104 3644 105612 SH SOLE 105612
Littelfuse, Inc. COM 537008104 11138 447750 SH SOLE 30000 417750
Mercury General Corp. COM 589400100 33233 601500 SH SOLE 45000 556500
Mestek, Inc. COM 590829107 5624 299950 SH SOLE 33300 266650
National Golf Properties, Inc. COM 63623G109 19252 586719 SH SOLE 40500 546219
Penske Motorsports, Inc. COM 709598106 2009 80750 SH SOLE 10000 70750
Pulitzer Publishing Co. COM 745771105 739 11764 SH SOLE 11764
Union Corp. COM 906072103 27488 874360 SH SOLE 70000 804360
United Asset Management Corp. COM 909420101 11893 486650 SH SOLE 35800 450850
Valassis Communications, Inc. COM 918866104 17656 477190 SH SOLE 42000 435190
Wells Fargo & Co. COM 949740104 5660 16675 SH SOLE 900 15775
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