UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13FCOVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 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 July 28, 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: $399,325
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 598 4600 SH SOLE 4600 0 0
ARCHER DANIELS COMMON 039483102 9361 606402 SH SOLE 606402 0 0
BERKSHIRE HATHAWAY A COMMON 084670108 551 8 SH SOLE 8 0 0
BERKSHIRE HATHAWAY B COMMON 084670207 235 105 SH SOLE 105 0 0
CHARTER ONE COMMON 160903100 10484 376954 SH SOLE 376954 0 0
CISCO SYSTEMS COMMON 17275R102 25086 389300 SH SOLE 389300 0 0
COCA COLA COMMON 191216100 310 5000 SH SOLE 5000 0 0
COMMONWEALTH TELE ENT COMMON 203349105 7929 196075 SH SOLE 196075 0 0
COMPUTER ASSOCIATES COMMON 204912109 31900 582650 SH SOLE 582650 0 0
FANNIE MAE COMMON 313586109 16890 247478 SH SOLE 247478 0 0
FED HOME LN MTGE COMMON 313400301 14098 243068 SH SOLE 243068 0 0
FIDELITY FIN OHIO COMMON 31614P107 959 79958 SH SOLE 79958 0 0
FIRST BELL BANCORP COMMON 319301107 474 26700 SH SOLE 26700 0 0
FIRST UNION CORP COMMON 337358105 24944 529310 SH SOLE 529310 0 0
GENERAL ELECTRIC COMMON 369604103 1268 11225 SH SOLE 11225 0 0
GILLETTE COMMON 375766102 8874 216443 SH SOLE 216443 0 0
HASBRO COMMON 418056107 16919 605618 SH SOLE 605618 0 0
HERSHEY FOODS COMMON 427866108 9570 161175 SH SOLE 161175 0 0
INTERNATL BUS MACHINES COMMON 459200101 50658 391941 SH SOLE 391941 0 0
JOHNSON & JOHNSON COMMON 478160104 489 4992 SH SOLE 4992 0 0
LEGGETT & PLATT COMMON 524660107 20716 744850 SH SOLE 744850 0 0
M & T BANK CORP COMMON 55261F104 35016 63666 SH SOLE 63666 0 0
MAF BANCORP COMMON 55261R108 19146 789529 SH SOLE 789529 0 0
MELLON BANCORP COMMON 585509102 14395 395733 SH SOLE 395733 0 0
MERCK COMMON 589331107 20287 275545 SH SOLE 275545 0 0
MICROSOFT COMMON 594918104 2455 27218 SH SOLE 27218 0 0
MORGAN STAN DEAN WIT COMMON 617446448 887 8650 SH SOLE 8650 0 0
MOTOROLA COMMON 620076109 233 2460 SH SOLE 2460 0 0
PENNSYLVANIA ENTERPRISES COMMON 708720107 380 12400 SH SOLE 12400 0 0
PENSECO COMMON 709570105 213 6208 SH SOLE 6208 0 0
PHILIP MORRIS COMMON 718154107 14631 364057 SH SOLE 364057 0 0
PNC BANK COMMON 693475105 922 16000 SH SOLE 16000 0 0
RCN CORP COMMON 755102205 333 8000 SH SOLE 8000 0 0
REEBOK COMMON 758110100 400 21500 SH SOLE 21500 0 0
SOVEREIGN BANCORP COMMON 845905108 9518 785027 SH SOLE 785027 0 0
TRIBUNE COMMON 896047107 9424 108170 SH SOLE 108170 0 0
US FOODSERVICE COMMON 90331R101 11707 274652 SH SOLE 274652 0 0
UST COMMON 902911106 1759 60000 SH SOLE 60000 0 0
WASHINGTON FEDERAL COMMON 938824109 730 32519 SH SOLE 32519 0 0
WELLS FARGO & CO COMMON 949740104 4576 107040 SH SOLE 107040 0 0
</TABLE>
