UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 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, August 10, 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: $240,696
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 20232 675800 SH SOLE 50000 625800
Atwood Oceanics, Inc. COM 050095108 2492 62600 SH SOLE 62600
Cathay Bancorp COM 149150104 13413 288447 SH SOLE 25100 263347
Chateau Communities COM 161739107 18364 638759 SH SOLE 48500 590259
Dover Downs Entertainment, Inc. COM 260086103 4135 133400 SH SOLE 133400
Federal Home Loan Mtg. Corp. COM 313400301 24208 514390 SH SOLE 36000 478390
First Data Corporation COM 319963104 7775 233400 SH SOLE 19800 213600
GBC Bancorp COM 361475106 5345 201700 SH SOLE 201700
GoodMark Foods, Inc. COM 382387108 20979 708150 SH SOLE 50000 658150
International Speedway Corp.'B COM 460335102 3374 116350 SH SOLE 7500 108850
Leucadia National Corp. COM 527288104 3485 105412 SH SOLE 105412
Littelfuse, Inc. COM 537008104 11476 454500 SH SOLE 30000 424500
Mercury General Corp. COM 589400100 25479 395400 SH SOLE 31000 364400
Mestek, Inc. COM 590829107 7079 331175 SH SOLE 33300 297875
National Golf Properties, Inc. COM 63623G109 26955 896625 SH SOLE 65500 831125
Penske Motorsports, Inc. COM 709598106 2571 88100 SH SOLE 10000 78100
Post Properties, Inc. COM 737464107 295 7650 SH SOLE 7650
Pulitzer Publishing Co. COM 745771105 971 10882 SH SOLE 10882
Sun Communities COM 866674104 7936 239590 SH SOLE 17700 221890
Superior National Insurance COM 868224106 2628 111850 SH SOLE 111850
United Asset Management Corp. COM 909420101 10759 412825 SH SOLE 35800 377025
Valassis Communications, Inc. COM 918866104 14590 378350 SH SOLE 27000 351350
Wells Fargo & Co. COM 949740104 6153 16675 SH SOLE 900 15775
</TABLE>
