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, 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, February 11, 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: $241,179
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 26312 657800 SH SOLE 50000 607800
Ametek, Inc. COM 031100100 6505 291550 SH SOLE 26800 264750
Atwood Oceanics, Inc. COM 050095108 5664 333175 SH SOLE 18000 315175
Cathay Bancorp COM 149150104 12111 295397 SH SOLE 25100 270297
Chateau Communities COM 161739107 18788 640972 SH SOLE 48500 592472
Dover Downs Entertainment, Inc. COM 260086103 3339 276800 SH SOLE 276800
Equity Office Properties Trust COM 294741103 6917 288200 SH SOLE 22000 266200
Federal Home Loan Mtg. Corp. COM 313400301 20288 314840 SH SOLE 23000 291840
First Data Corporation COM 319963104 16118 505650 SH SOLE 39500 466150
GBC Bancorp COM 361475106 5194 201700 SH SOLE 201700
Helmerich & Payne, Inc. COM 423452101 194 10000 SH SOLE 10000
International Speedway Corp.'B COM 460335102 3986 98425 SH SOLE 7500 90925
Leucadia National Corp. COM 527288104 3320 105412 SH SOLE 105412
Littelfuse, Inc. COM 537008104 9799 509050 SH SOLE 30000 479050
Mercury General Corp. COM 589400100 16510 376850 SH SOLE 31000 345850
Mestek, Inc. COM 590829107 7139 356925 SH SOLE 33300 323625
National Golf Properties, Inc. COM 63623G109 26603 919325 SH SOLE 65500 853825
New South Africa Fd., Inc. COM 64880R101 588 64000 SH SOLE 20000 44000
Penske Motorsports, Inc. COM 709598106 10154 381375 SH SOLE 33900 347475
Post Properties, Inc. COM 737464107 4190 109000 SH SOLE 7000 102000
Sun Communities COM 866674104 8417 241790 SH SOLE 17700 224090
Superior National Insurance COM 868224106 2423 120750 SH SOLE 5000 115750
Valassis Communications, Inc. COM 918866104 20006 387525 SH SOLE 27000 360525
Wells Fargo & Co. COM 949740104 6614 165600 SH SOLE 9000 156600
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