UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13FCOVER 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: Berkshire Asset Management, Inc.
Address: 46 Public Square, Suite 700
Wilkes-Barre, PA 18701
13F File Number: 28-5034
The institutional investment manager filing this report and the person
by whom it is signed hereby represents 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: Michael H. Cook
Title: President
Phone: 570-825-2600
Signature, Place and Date of Signing:
Michael H. Cook Wilkes-Barre, Pennsylvania May 14, 1999
Report Type (Check only one).:
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
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: 40
Form 13F Information Table Value Total: $369,061
List of Other Included Managers
No. 13F File Number Name
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<TABLE> <C> <C>
FORM 13f INFORMATION TABLE
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
- ---------------------------------- ----------------------- ----------- -------------- ----------- ----
AMERICAN EXPRESS COMMON 025816109 542 4600 SH SOLE 4600 0 0
ARCHER DANIELS COMMON 039483102 9009 613386 SH SOLE 613386 0 0
BERKSHIRE HATHAWAY A COMMON 084670108 571 8 SH SOLE 8 0 0
BERKSHIRE HATHAWAY B COMMON 084670207 247 105 SH SOLE 105 0 0
CHARTER ONE COMMON 160903100 11134 385799 SH SOLE 385799 0 0
CISCO SYSTEMS COMMON 17275R102 21657 197690 SH SOLE 197690 0 0
COCA COLA COMMON 191216100 307 5000 SH SOLE 5000 0 0
COMMONWEALTH TELE ENT COMMON 203349105 7234 196520 SH SOLE 196520 0 0
COMPUTER ASSOCIATES COMMON 204912109 20980 589955 SH SOLE 589955 0 0
FANNIE MAE COMMON 313586109 21259 306990 SH SOLE 306990 0 0
FED HOME LN MTGE COMMON 313400301 16236 283285 SH SOLE 283285 0 0
FIDELITY FIN OHIO COMMON 31614P107 979 79958 SH SOLE 79958 0 0
FIRST BELL BANCORP COMMON 319301107 597 35100 SH SOLE 35100 0 0
FIRST UNION CORP COMMON 337358105 28688 536855 SH SOLE 536855 0 0
GENERAL ELECTRIC COMMON 369604103 1272 11500 SH SOLE 11500 0 0
GILLETTE COMMON 375766102 12785 215095 SH SOLE 215095 0 0
HASBRO COMMON 418056107 17769 614060 SH SOLE 614060 0 0
HERSHEY FOODS COMMON 427866108 9031 161095 SH SOLE 161095 0 0
PROCTOR & GAMBLE COMMON 742718109 215 2200 SH SOLE 2200 0 0
INTERNATL BUS MACHINES COMMON 459200101 35832 202155 SH SOLE 202155 0 0
JOHNSON & JOHNSON COMMON 478160104 467 4992 SH SOLE 4992 0 0
LEGGETT & PLATT COMMON 524660107 14952 747605 SH SOLE 747605 0 0
M & T BANK CORP COMMON 55261F104 31792 66370 SH SOLE 66370 0 0
MAF BANCORP COMMON 55261R108 17671 794193 SH SOLE 794193 0 0
MELLON BANCORP COMMON 585509102 14026 199309 SH SOLE 199309 0 0
MERCK COMMON 589331107 21488 268180 SH SOLE 268180 0 0
MICROSOFT COMMON 594918104 2637 29418 SH SOLE 29418 0 0
MORGAN STAN DEAN WIT COMMON 617446448 864 8650 SH SOLE 8650 0 0
PENNSYLVANIA ENT COMMON 708720107 298 12400 SH SOLE 12400 0 0
PENSECO COMMON 709570105 261 6208 SH SOLE 6208 0 0
PHILIP MORRIS COMMON 718154107 12858 365417 SH SOLE 365417 0 0
PNC BANK COMMON 693475105 1000 18000 SH SOLE 18000 0 0
RCN CORP COMMON 755102205 336 10000 SH SOLE 10000 0 0
REEBOK COMMON 758110100 800 50400 SH SOLE 50400 0 0
SOVEREIGN BANCORP COMMON 845905108 13951 1138858 SH SOLE 1138858 0 0
US FOODSERVICE COMMON 90331R101 12726 273677 SH SOLE 273677 0 0
UST COMMON 902911106 1777 68000 SH SOLE 68000 0 0
WASHINGTON FEDERAL COMMON 938824109 698 33247 SH SOLE 33247 0 0
WASHINGTON MUTUAL COMMON 939322103 204 5000 SH SOLE 5000 0 0
WELLS FARGO & CO COMMON 949740104 3911 111540 SH SOLE 111540 0 0
</TABLE>
