<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER 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: KAIM NON-TRADITIONAL, L.P.
Address: 1800 AVENUE OF THE STARS
SECOND FLOOR
LOS ANGELES, CA 90067
Form 13F File Number: 28-5066
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: Richard A. Kayne
Title: President of the General Partner
Phone: (310) 556-2721
Signature, Place, and Date of Signing:
Richard A. Kayne Los Angeles, California 12 August, 1999
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
None
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
<PAGE> 2
KAIM NON-TRADITIONAL, L.P.
Form 13F SUMMARY PAGE
<TABLE>
<S> <C>
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 30
Form 13F Information Table Value Total: $ 231,073
(thousands)
</TABLE>
List of Other Included Managers:
NONE
<PAGE> 3
KAIM NON-TRADITIONAL, L.P.
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -----------------------------------------------------------------------------------------------------------------------------------
TITLE VALUE SHARES OR PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (X$1000) PRN AMT SH/PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Amerada
Hess Corp COM 023551104 893 15,000 SH SOLE 15,000
Associated
Group Inc CL B 045651205 1,727 26,500 SH SOLE 26,500
Atlantic
Richfield Co COM 048825103 1,671 20,000 SH SOLE 20,000
Berkshire
Rlty Inc COM 084710102 4,079 352,790 SH SOLE 352,790
Big Dog
Hldgs Inc COM 089128102 1,028 195,900 SH SOLE 195,900
Blount
Intl Inc CL A 095177101 367 13,500 SH SOLE 13,500
CVB
Finl Corp COM 126600105 427 16,425 SH SOLE 16,425
Cannondale
Corp COM 137798104 8,516 748,653 SH SOLE 748,653
Capital
Automotive
REIT COM SH
BEN INT 139733109 3,054 230,500 SH SOLE 230,500
Centertrust
Retail Pptys
Inc COM 152038105 308 26,200 SH SOLE 26,200
Chevron
Corporation COM 166751107 475 5,000 SH SOLE 5,000
Cross Timbers
Oil Co COM 227573102 298 20,000 SH SOLE 20,000
Day Runner Inc COM 239545106 15,649 1,264,583 SH SOLE 1,264,583
Foremost Corp
of Amer COM 345469100 60,669 2,757,683 SH SOLE 2,757,683
Glacier Water
Svcs Inc COM 376395109 22,696 1,141,946 SH SOLE 1,141,946
Guarantee Life
Cos Inc COM 400740106 7,418 295,250 SH SOLE 295,250
KN Energy
Inc COM 482620101 669 50,000 SH SOLE 50,000
Marine Drilling
Cos Inc COM PAR
$0.01 568240204 205 15,000 SH SOLE 15,000
Meridian
Resource Corp COM 58977Q109 10,700 2,761,227 SH SOLE 2,761,227
Navigators
Group Inc COM 638904102 3,875 258,339 SH SOLE 258,339
Pamida Hldgs Corp COM 697642106 144 12,500 SH SOLE 12,500
Plains All
Amern Pipeline
L P UNIT LTD
PARTN 726503105 9,631 518,825 SH SOLE 518,825
Plains Res Inc COM PAR
$0.10 726540503 56,162 2,955,904 SH SOLE 2,955,904
Powerhouse
Technologies
Inc COM 739323103 195 10,000 SH SOLE 10,000
Putnam Master
Inter Income
Tr SH BEN
INT 746909100 873 120,400 SH SOLE 120,400
Ramtron
Intl Corp COM 751907106 0 139,481 SH SOLE 139,481
Right
Start Inc COM NEW 766574206 16,590 2,175,711 SH SOLE 2,175,711
Tam
Restaurants Inc COM 874835101 605 420,582 SH SOLE 420,582
Ugly Duckling
Corp COM 903512101 1,710 235,900 SH SOLE 235,900
XCL Ltd Del COM 980701103 439 501,439 SH SOLE 501,439
</TABLE>