UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 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, May 12, 1998
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: -0-
Form 13F Information Table Entry Total: 24
Form 13F Information Table Value Total: $253,529
List of Other Included Managers:
None
<PAGE>
<TABLE>
FORM 13F INFORMATION TABLE
<CAPTION>
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 18626 677300 SH SOLE 50000 627300
Atwood Oceanics, Inc. COM 050095108 3384 62600 SH SOLE 62600
California Center Bank COM No Cusip 3255 170207 SH SOLE 9292 160915
Cathay Bancorp COM 149150104 10423 291547 SH SOLE 25100 266447
Chateau Communities COM 161739107 16755 563202 SH SOLE 37172 526030
Dover Downs Entertainment, Inc. COM 260086103 3940 133550 SH SOLE 133550
Freddie Mac COM 313400301 24442 515240 SH SOLE 36000 479240
First Data Corporation COM 319963104 7586 233400 SH SOLE 19800 213600
GBC Bancorp COM 361475106 6805 101850 SH SOLE 101850
GoodMark Foods, Inc. COM 382387108 15494 708300 SH SOLE 50000 658300
Hanmi Bank COM 410493100 11325 552453 SH SOLE 61240 491213
International Speedway Corp. COM 460335102 3563 116350 SH SOLE 7500 108850
Leucadia National Corp. COM 527288104 4151 105412 SH SOLE 105412
Littelfuse, Inc. COM 537008104 11688 449550 SH SOLE 30000 419550
Mercury General Corp. COM 589400100 37453 598650 SH SOLE 45000 553650
Mestek, Inc. COM 590829107 7063 327575 SH SOLE 33300 294275
National Golf Properties, Inc. COM 63623G109 28242 886025 SH SOLE 65500 820525
Penske Motorsports, Inc. COM 709598106 2841 88100 SH SOLE 10000 78100
Post Properties, Inc. COM 737464107 306 7650 SH SOLE 7650
Pulitzer Publishing Co. COM 745771105 869 10882 SH SOLE 10882
Sun Communities COM 866674104 1410 40575 SH SOLE 10000 30575
United Asset Management Corp. COM 909420101 11274 413725 SH SOLE 35800 377925
Valassis Communications, Inc. COM 918866104 17110 418600 SH SOLE 36000 382600
Wells Fargo & Co. COM 949740104 5524 16675 SH SOLE 900 15775
</TABLE>
