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, 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: 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 13, 1999
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: 24
Form 13F Information Table Value Total: $262,776
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 22666 664200 SH SOLE 50000 614200
Ametek, Inc. COM 031100100 10883 596350 SH SOLE 44000 552350
Atwood Oceanics, Inc. COM 050095108 9953 331775 SH SOLE 18000 313775
Cathay Bancorp COM 149150104 11084 294597 SH SOLE 25100 269497
Chateau Communities COM 161739107 17588 639572 SH SOLE 48500 591072
Dover Downs Entertainment, Inc. COM 260086103 4283 276300 SH SOLE 276300
Eastern Utilities Assoc. COM 277173100 2432 85900 SH SOLE 6600 79300
Equity Office Properties Trust COM 294741103 7483 294900 SH SOLE 22000 272900
Federal Home Loan Mtg. Corp. COM 313400301 17934 312924 SH SOLE 23000 289924
First Data Corporation COM 319963104 12849 300550 SH SOLE 16400 284150
GBC Bancorp COM 361475106 3180 212000 SH SOLE 212000
Helmerich & Payne, Inc. COM 423452101 227 10000 SH SOLE 10000
International Speedway Corp.'B COM 460335102 4062 77000 SH SOLE 7500 69500
Leucadia National Corp. COM 527288104 3068 101412 SH SOLE 101412
Littelfuse, Inc. COM 537008104 9508 517450 SH SOLE 35000 482450
Mercury General Corp. COM 589400100 13099 375600 SH SOLE 31000 344600
Mestek, Inc. COM 590829107 6766 356125 SH SOLE 33300 322825
National Golf Properties, Inc. COM 63623G109 20893 949675 SH SOLE 65500 884175
New South Africa Fd., Inc. COM 64880R101 640 64000 SH SOLE 20000 44000
Penske Motorsports, Inc. COM 709598106 13510 383275 SH SOLE 33900 349375
Post Properties, Inc. COM 737464107 6945 191575 SH SOLE 14600 176975
Sun Communities COM 866674104 7737 243685 SH SOLE 17700 225985
Superior National Insurance COM 868224106 2277 119850 SH SOLE 5000 114850
Valassis Communications, Inc. COM 918866104 19943 385375 SH SOLE 27000 358375
Wells Fargo & Co. COM 949740104 5778 164800 SH SOLE 9000 155800
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