UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Quarter Ended: March 31, 1999
Check here if Amendment [ ] Number: ______
This Amendment (Check only one): [ ] is a restatement
[ ] adds new holdings entries
Institutional Investment Manager Filing this Report:
Name: Protection Mutual Insurance Company
Address: 300 S. Northwest Highway
Park Ridge, IL 60047
Form 13F File Number 24-4786
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 Manger:
Name: Kevin S. Ingram
Title: Vice President & Treasurer
Phone: 847-825-4474 x496
Signature, Place, and Date of Signing:
Kevin S. Ingram Park Ridge, Illinois May 14, 1999
_________________________ ________________________ ____________
[Signature] [City, State] [Date]
Report Type (Check only one.):
[X] 13F HOLDING REPORT. (Check here if all holdings of this report manager are
reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all
holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 56
Form 13F Information Table Value Total: $ 229,992
---------
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
No. 13F File Number Name
None
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FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLMN 6 COLUMN 7 COLUMN 8
- ------------------------------ ---------------- --------- -------- ----------------- ------- ------------ --------------------------
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AIRBORNE FREIGHT CORP Common 009266107 3255 105000 SH SOLE 105000 0 0
ALLTEL CORPORATION Common 020039103 4616 74000 SH SOLE 74000 0 0
AMERICAN WATERWORKS INC Common 030411102 4806 165000 SH SOLE 165000 0 0
AMERITECH CORPORATION Common 030954101 4956 86000 SH SOLE 86000 0 0
AMP INCORPORATED Common 031897101 3780 70652 SH SOLE 70652 0 0
AUTOMATIC DATA PROCESSING Common 053015103 4551 110000 SH SOLE 110000 0 0
BANK OF NEW YORK CO INC Common 064057102 3522 98000 SH SOLE 98000 0 0
CAMPBELL SOUP COMPANY Common 134429109 2710 66600 SH SOLE 66600 0 0
CHASE MANHATTAN CORP Common 16161A108 4541 55800 SH SOLE 55800 0 0
CINTAS CORPORATION Common 172908105 5230 80000 SH SOLE 80000 0 0
CLOROX COMPANY Common 189054109 2813 24000 SH SOLE 24000 0 0
CONAGRA INCORPORATED Common 205887102 4292 167500 SH SOLE 167500 0 0
CONSECO INC Common 208464107 2688 87067 SH SOLE 87067 0 0
DAYTON HUDSON CORPORATION Common 239753106 6329 95000 SH SOLE 95000 0 0
DENTSPLY INTERNATIONAL INC Common 249030107 1860 80000 SH SOLE 80000 0 0
DISNEY (WALT) CO Common 254687106 4109 132000 SH SOLE 132000 0 0
DONNELLEY (R.R.) & SONS Common 257867101 2833 88000 SH SOLE 88000 0 0
EASTMAN KODAK Common 277461109 3194 50000 SH SOLE 50000 0 0
EATON CORPORATION Common 278058102 2860 40000 SH SOLE 40000 0 0
ENRON CORPORATION Common 293561106 4626 72000 SH SOLE 72000 0 0
DEFINED ASSET FUNDS COHEN & ST Common 294710512 4100 5000000 SH SOLE 5000000 0 0
FED NATIONAL MORTGAGE ASSOC Common 313586109 3982 57500 SH SOLE 57500 0 0
FIRST UNION CORP Common 337358105 2565 48000 SH SOLE 48000 0 0
GTE CORPORATION Common 362320103 5082 84000 SH SOLE 84000 0 0
GANNETT INC Common 364730101 3402 54000 SH SOLE 54000 0 0
GENERAL ELECTRIC CO Common 369604103 10067 91000 SH SOLE 91000 0 0
GENERAL INSTRUMENT CORPORATION Common 370120107 3122 103000 SH SOLE 103000 0 0
GRAINGER (W.W.) INCORPORATED Common 384802104 2584 60000 SH SOLE 60000 0 0
HCR MANOR CARE Common 404134108 1485 65100 SH SOLE 65100 0 0
HSB GROUP INC Common 40428N109 6 150 SH SOLE 150 0 0
IDEX CORP Common 45167R104 3016 128000 SH SOLE 128000 0 0
ILLINOIS TOOL WORKS Common 452308109 4950 80000 SH SOLE 80000 0 0
INTERPUBLIC GROUP Common 460690100 5225 67100 SH SOLE 67100 0 0
KOHLS CORPORATION Common 500255104 7130 100600 SH SOLE 100600 0 0
LOWE'S COMPANIES Common 548661107 5566 92000 SH SOLE 92000 0 0
LUCENT TECHNOLOGIES INC Common 549463107 8580 79444 SH SOLE 79444 0 0
MELLON BANK CORP Common 585509102 3730 53000 SH SOLE 53000 0 0
MINERALS TECHNOLOGIES INC Common 603158106 3360 70000 SH SOLE 70000 0 0
MINNESOTA MINING AND MFG Common 604059105 1910 27000 SH SOLE 27000 0 0
MOBIL CORPORATION Common 607059102 4092 46500 SH SOLE 46500 0 0
MOTOROLA INC Common 620076109 6043 82500 SH SOLE 82500 0 0
NEWELL RUBBERMAID INC Common 651229106 6417 135100 SH SOLE 135100 0 0
PENTAIR INC Common 709631105 1586 47000 SH SOLE 47000 0 0
PHILIP MORRIS COS INC Common 718154107 3695 105000 SH SOLE 105000 0 0
SBC COMMUNICATIONS INC Common 78387G103 5568 118000 SH SOLE 118000 0 0
S&P 500 DEPOSITARY RECEIPT Common 78462F103 10270 80000 SH SOLE 80000 0 0
SCHLUMBERGER LTD Common 806857108 3033 50400 SH SOLE 50400 0 0
SMITH (A.O.) CORP Common 831865209 1568 82500 SH SOLE 82500 0 0
SPRINT CORPORATION (FON GROUP) Common 852061100 4630 47185 SH SOLE 47185 0 0
SYBRON INTERNATIONAL CORP Common 87114F106 3975 159000 SH SOLE 159000 0 0
TYSON FOODS CL A Common 902494103 2172 105000 SH SOLE 105000 0 0
UNITED TECHNOLOGIES CORP Common 913017109 6095 45000 SH SOLE 45000 0 0
WALLACE COMPUTER SERVICES Common 932270101 2675 135000 SH SOLE 135000 0 0
WARNER LAMBERT CO Common 934488107 4651 70200 SH SOLE 70200 0 0
WELLS FARGO COMPANY Common 949746101 3317 94600 SH SOLE 94600 0 0
WEYERHAEUSER CO Common 962166104 2775 50000 SH SOLE 50000 0 0
--------
229992
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