UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   Form 10-Q


(X)  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

     For the quarterly period ended June 30, 1999

                                       OR

( )  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

     For the transition period from                  to

     Commission File Number:                      333-59545


                        GREAT LAKES CARBON CORPORATION
            (Exact name of registrant as specified in its charter)

            DELAWARE                                    13-3637043
(State or other jurisdiction of                      (I.R.S. Employer
incorporation or organization)                       Identification No.)

551 Fifth Avenue, Suite 3600, New York, New York           10176
(Address of principal executive office)                  (Zip Code)

                                (212) 370-5770
             (Registrant's telephone number, including area code)

                                Not Applicable
                   (Former name, former address and former
                   fiscal year, if changed since last report)

       Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has
been subject to such filing requirements for the past 90 days.
                              Yes [X]  No [  ].

<PAGE> 1
<TABLE>
                        GREAT LAKES CARBON CORPORATION

FORM 10-Q                                                        June 30, 1999
                                   CONTENTS
<CAPTION>
                                                                      Page No.
<S>                                                                       <C>
PART I. FINANCIAL INFORMATION

 Item 1.  Financial Statements

          Condensed Consolidated Balance Sheets -
          December 31, 1998 and June 30, 1999 . . . . . . . . . . . . . . 2

          Condensed Consolidated Statements of Operations -
          For the period January 1, 1998 to May 21, 1998 (predecessor),
          the period May 22, 1998 to June 30, 1998 and the six months
          ended June 30,1999 (Company). .  . . . . . . . . . . . . . . . .3

          Condensed Consolidated Statements of Operations -
          For the period April 1, 1998 to May 21, 1998 (predecessor),
          the period May 22, 1998 to June 30, 1998 and the three months
          ended June 30,1999 (Company). .  . . . . . . . . . . . . . . . .4

          Condensed Consolidated Statements of Stockholders' Equity -
          For the six months ended June 30, 1999. . . . . . . . . . . . . 5

          Condensed Consolidated Statements of Cash Flows -
          For the period January 1, 1998 to May 21, 1998 (predecessor),
          the period May 22, 1998 to June 30, 1998 and the six months
          ended June 30,1999 (Company). .  . . . . . . . . . . . . . . . .6

          Notes to Condensed Consolidated Financial Statements. . . . . . 7

 Item 2.  Management's Discussion and Analysis of
          Financial Condition and Results of Operations . . . . . . . . . 9

PART II. OTHER INFORMATION

 Item 1.  Legal Proceedings . . . . . . . . . . . . . . . . . . . . . . . 11

 Item 2.  Changes in Securities . . . . . . . . . . . . . . . . . . . . . 11

 Item 3.  Defaults Upon Senior Securities . . . . . . . . . . . . . . . . 11

 Item 4.  Submission of Matters to a Vote of Security Holders . . . . . . 11

 Item 5.  Other Information . . . . . . . . . . . . . . . . . . . . . . . 11

 Item 6.  Exhibits and Reports on Form 8-K. . . . . . . . . . . . . . . . 11
</TABLE>

<PAGE> 2
                        PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements
<TABLE>
                        GREAT LAKES CARBON CORPORATION

                     CONDENSED CONSOLIDATED BALANCE SHEETS

                       (In thousands, except share data)
<CAPTION>
                                                    December 31,    June 30,
                                                        1998          1999
                                                     ---------     ---------
                                                     (Audited)     (Unaudited)
<S>                                                  <C>           <C>
ASSETS
Current Assets
 Cash                                                $ 10,403      $ 13,347
 Accounts receivable, net                              18,961        30,298
 Inventories                                           37,702        39,022
 Income taxes receivable                                1,274             -
 Prepaid expenses and other current assets              9,456         7,050
                                                     ---------     ---------
        Total Current Assets                           77,796        89,717

Property, plant and equipment, net                    214,101       208,568

Goodwill                                              176,220       173,984
Capitalized financing costs                            17,454        16,353
Other assets                                            5,182         4,071
                                                     ---------     ---------
                                                     $490,753      $492,693
                                                     =========     =========

LIABILITIES AND STOCKHOLDER'S EQUITY
Current Liabilities
 Accounts payable                                    $ 18,897      $ 17,845
 Accrued expenses                                      13,285        13,880
 Income taxes payable                                       -         1,642
 Current portion of long-term debt                     10,009        11,371
                                                     ---------     ---------
        Total Current Liabilities                      42,191        44,738

Long-term debt, less current portion                  288,608       283,278
Other long-term liabilities                             4,876         5,976
Deferred taxes                                         59,164        58,318
Due to GLAC                                               779           792

Stockholder's Equity
 Common stock, par value $0.01 per share,
  1,000 shares authorized and outstanding                   -             -
 Additional paid-in capital                            92,380        92,380
 Retained earnings                                      2,755         7,211
                                                     ---------     ---------
                                                       95,135        99,591
                                                     ---------     ---------
                                                     $490,753      $492,693
                                                     =========     =========
<FN>
See notes to condensed consolidated financial statements.
</TABLE>

<PAGE> 3
<TABLE>
                        GREAT LAKES CARBON CORPORATION

                CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

                                (Unaudited)

                               (In thousands)
<CAPTION>
                                     PREDECESSOR            COMPANY
                                     -----------   --------------------------
                                     Period from    Period from  For the Six
                                      January 1      May 22 to   Months Ended
                                      to May 21,    to June 30,     June 30,
                                         1998           1998          1999
                                      ---------      ---------     ---------
<S>                                   <C>            <C>           <C>
Net Sales                             $  90,849      $  28,511     $ 122,366
Cost of Goods Sold                       67,168         20,676        90,961
                                      ---------      ---------     ---------
           Gross Profit                  23,681          7,835        31,405

Selling, general and administrative
 expenses                                13,070          1,720         9,711
                                      ---------      ---------     ---------
           Operating Income              10,611          6,115        21,694

Other income (expense):
 Interest, net                           (1,776)        (3,309)     (14,930)
 Other, net                                (472)           491          697
                                      ---------      ---------     --------
                                         (2,248)        (2,818)     (14,233)
           Income Before Income Taxes
            and Extraordinary Item        8,363          3,297        7,461

Income taxes                              2,839          2,198        3,005
                                      ---------      ---------     --------
Income before extraordinary item          5,524          1,099        4,456

Extraordinary loss on early
extinguishment of debt                    7,113              -            -
                                      ---------      ---------     --------
           Net income (loss)          $  (1,589)     $   1,099     $  4,456
                                      =========      =========     ========
<FN>
See notes to condensed consolidated financial statements.
</TABLE>

<PAGE> 4
<TABLE>
                        GREAT LAKES CARBON CORPORATION

                CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

                                (Unaudited)

                               (In thousands)
<CAPTION>
                                     PREDECESSOR            COMPANY
                                     -----------   --------------------------
                                     Period from   Period from  For the Three
                                       April 1      May 22 to    Months Ended
                                      to May 21,    to June 30,    June 30,
                                         1998           1998          1999
                                      ---------      ---------     ---------
<S>                                   <C>            <C>           <C>
Net Sales                             $  28,779      $  28,511     $  62,003
Cost of Goods Sold                       21,485         20,676        46,437
                                      ---------      ---------     ---------
           Gross Profit                   7,294          7,835        15,566

Selling, general and administrative
 expenses                                10,386          1,720         4,906
                                      ---------      ---------     ---------
           Operating Income              (3,092)         6,115        10,660

Other income (expense):
 Interest, net                             (619)        (3,309)       (7,415)
 Other, net                                (400)           491           410
                                      ---------      ---------     ---------
                                         (1,019)        (2,818)       (7,005)
           Income Before Income Taxes
            and Extraordinary Item       (4,111)         3,297         3,655

Income taxes (benefit)                   (1,568)         2,198         1,525
                                      ---------      ---------     ---------
Income before extraordinary item         (2,543)         1,099         2,130

Extraordinary loss on early
extinguishment of debt                    7,113              -            -
                                      ---------      ---------     ---------
           Net income (loss)          $  (9,656)     $   1,099     $   2,130
                                      =========      =========     =========
<FN>
See notes to condensed consolidated financial statements.
</TABLE>

<PAGE> 5
<TABLE>
                        GREAT LAKES CARBON CORPORATION

            CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDER'S EQUITY

                                (Unaudited)

                              (In thousands)
<CAPTION>
                                           Additional                 Total
                                 Common     Paid-In    Retained  Stockholder's
                                  Stock     Capital    Earnings      Equity
                               ----------  ----------  ----------  ----------
<S >                            <C>         <C>         <C>         <C>
Balance at December 31, 1998    $      -    $ 92,380    $  2,755    $ 95,135
Net Income                             -           -       4,456       4,456
                               ----------  ----------  ----------  ----------
Balance at March 31, 1999       $      -    $ 92,380    $  7,211    $ 99,591
                               ==========  ==========  ==========  ==========
<FN>
See notes to condensed consolidated financial statements.
</TABLE>

<PAGE> 6
<TABLE>
                        GREAT LAKES CARBON CORPORATION

                CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

                                (Unaudited)

                               (In thousands)
<CAPTION>
                                     PREDECESSOR            COMPANY
                                     -----------   --------------------------
                                     Period from    Period from  For the Six
                                      January 1      May 22 to   Months Ended
                                      to May 21,    to June 30,     June 30,
                                         1998           1998          1999
                                      ---------      ---------     ---------
<S>                                   <C>            <C>           <C>
Net income                            $  (1,589)     $   1,099     $   4,456
 Adjustments to reconcile net income
  to net cash provided by operating
  activities:
  Depreciation and amortization           3,546          2,230        11,369
  Deferred taxes                              -              -          (846)
  Changes in operating assets and
  liabilities:
   Accounts receivables                   6,886         (4,296)      (11,337)
   Inventories                           (1,938)          (452)       (1,320)
   Other current assets                  (1,193)          (331)        2,406
   Income taxes payable                  (4,765)         1,833         2,916
   Accounts payable and accrued
    expenses                              9,164         (3,341)         (457)
   Other, net                             2,627           (868)        1,938
                                      ---------      ---------     ---------
Net cash provided (used) by
 operating activities                 $  12,738      $  (4,126)    $   9,125

Investing activities:
 Capital expenditures                    (9,058)        (1,848)       (2,227)
 Acquisition of Great Lakes Carbon
  Corporation-net of cash acquired            -       (279,678)            -
                                      ---------      ---------     ---------
Net cash used by investing activities    (9,058)      (281,526)       (2,227)

Financing Activities:
 Repayment of long-term debt               (161)       (65,035)       (5,202)
 Additions to long-term debt              4,928        286,488         1,235
 Deferred financing costs                     -        (22,000)            -
 Capital contribution                         -         92,380             -
 Due to parent                                -              -            13
                                      ---------      ---------     ---------
Net cash provided by
 financing activities                     4,767        291,833        (3,954)
                                      ---------      ---------     ---------
Increase (decrease) in cash               8,447          6,181         2,944
Cash at beginning of period              43,596          3,776        10,403
                                      ---------      ---------     ---------
Cash at end of period                 $  52,043      $   9,957     $  13,347
                                      =========      =========     =========
<FN>
See notes to condensed consolidated financial statements.
</TABLE>

<PAGE> 7
                        GREAT LAKES CARBON CORPORATION

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

                               June 30, 1999

                                (Unaudited)



1.  Organization

Great Lakes Carbon Corporation (the "Company") is a producer of calcined
petroleum coke ("CPC") principally for customers in the aluminum industry.
The consolidated financial statements include the accounts of the Company and
its subsidiaries.  Significant intercompany accounts have been eliminated in
consolidation.

On May 22, 1998, the Company was acquired by Great Lakes Acquisition Corp.
("GLAC"), a substantially wholly owned subsidiary of American Industrial
Capital Fund II, L.P. ("AIP"), whereby GLAC acquired all of the Company's
outstanding common stock in a transaction accounted for as a purchase (the
"Acquistion").  The Acquisition and related transaction costs were funded by
a cash contribution from GLAC of $92,380,000 (including $27,050,072 from the
sale by GLAC of 13 1/8% Senior Discount Debentures), and proceeds of
$175,000,000 from the sale by the Company of 10 1/4% Senior Subordinated Notes
and $111,000,000 pursuant to a new credit facility entered into by the Company.
In addition, as a condition to the transaction, the Company repurchased its
then outstanding 10% Senior Secured Notes, through a public tender offer for
total consideration of $74,106,500 (excluding accrued interest).  Net
shareholder's equity upon consumation of the above transactions was
$92,380,000, and based upon estimates of fair value of assets acquired and
liabilities assumed, goodwill of approximately $179,000,000 was established.

2.  Basis of Presentation

The accompanying financial statements as of June 30, 1999 reflect the
consolidated financial position, results of operations, and cash flow of the
Company subsequent to the date of Acquisition and include adjustments required
under the purchase method of accounting.  The principal amount related to the
13 1/8% Senior Discount Debentures sold by GLAC has not been reflected in the
Company's financial statements as the Company has not guaranteed or otherwise
pledged its assets as collateral for the Debentures.  The accompanying
predecessor financial statements for the period prior to the date of
Acquisition are presented under the predecessor Company's historical basis of
accounting and do not reflect any adjustments that would be required as a
result of the Acquisition by GLAC.

The accompanying unaudited consolidated financial statements have been
prepared in accordance with Article 10 of Regulation S-X and, therefore, do
not include all information and footnotes necessary for a fair presentation of
financial position, results of operations, and cash flows in conformity with
generally accepted accounting principles.  The information furnished reflects
all adjustments (consisting of normal recurring adjustments) which are, in the
opinion of management, necessary for a fair summary of the results of
operations.

<PAGE> 8
                        GREAT LAKES CARBON CORPORATION

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

                               June 30, 1999

                                (Unaudited)



3.  Inventories

Inventories are as follows:

                                       December 31,      June 30,
                                          1998             1999
                                       ---------        ---------
                                             (In thousands)

     Raw materials                     $  18,837        $  26,364
     Finished goods                       12,996            6,318
     Supplies and spare parts              5,869            6,340
                                       ---------        ---------
                                       $  37,702        $  39,022
                                       =========        =========

 4.  Accrued Expenses

Accrued expenses included interest payable and employee profit sharing payable
of $2,635,000 and $2,437,000, respectively, at December 31, 1998 and interest
payable of $3,468,000 at June 30, 1999.

<PAGE> 9
Item 2.  Management's Discussion and Analysis of Financial Condition and
         Results of Operations

General

        The Company is the world's largest producer of calcined petroleum coke
("CPC").  The Company produces anode grade CPC, which is the principal raw
material used in the production of carbon anodes used in primary aluminum
production, and industrial grade CPC, which is used in a variety of specialty
metals and materials applications.  CPC is produced from raw petroleum coke
("RPC") utilizing a high temperature, rotary kiln process.  RPC is a by-product
of the petroleum refining process and constitutes the largest single component
of the Company's cost of goods sold.  The Company's principal source of
revenues and profits are sales of anode grade CPC to the aluminum industry.
Historically, the Company's profitability has been primarily a function of its
CPC sales volumes, CPC pricing and the cost of RPC.

Basis of Presentation

        The Company was acquired by Great Lakes Acquisition Corp. on May 22,
1998.  The following discussion provides an assessment of the consolidated
results of operations and liquidity and capital resources for the Company and
the Predecessor.  Unless otherwise indicated, 1998 historical results represent
the combined operating results of the Predecessor from January 1, 1998 to May
21, 1998 and the Company from the date of the Acquisition through December 31,
1998.

        As further discussed in Note 1 to the Condensed Consolidated Financial
Statements, the Acquisition was accounted for as a purchase.  Accordingly, the
operating results for the periods subsequent to May 21, 1998 reflect the
results of operations of the Company subsequent to the Acquisition and include
the impact of adjustments required under the purchase method of accounting.

Results of Operations

Three Months Ended June 30, 1999 Versus Three Months Ended June 30, 1998.

        The Company's net sales for the quarter ended June 30, 1999 increased
8.2% to $62.0 million from $57.3 million in the comparable 1998 period.  Net
sales of anode grade CPC increased 2.9% to $49.6 million and net sales of
industrial grade CPC increased 25.8% to $10.8 million.
        The increase in anode grade CPC net sales was primarily the result of
a 9.9% increase in sales volume to 322,719 tons which was partially offset by
a 6.4% decline in the average per ton selling price attributable to continued
pressure from weak aluminum prices.  The increase in sales volume reflects the
impact of the startup of a second kiln expansion at La Plata, Argentina.
        The increase in industrial grade CPC net sales was the result of a
39.1% increase in sales volume to 81,089 tons which was partially offset by a
9.6% decrease in selling price.  The increase in sales volume was due mainly
to greater shipments into the titanium dioxide market during the 1999 quarter.
        The Company's gross profit for the second quarter increased by 2.9% to
$15.6 million from $15.1 million in 1998.  The increase in gross profit was
due to the increase in sales discussed above partially offset by an increase
in cost of goods sold.  The increase in cost of goods sold was the result of
higher sales volume offset in part by a decrease in average per ton costs

<PAGE> 10
principally due to lower raw material prices.  Additional depreciation related
to the Acquisition in the 1999 quarter compared to 1998 amounted to $0.8
million and represented 19.2% of the gross increase in cost of goods sold.
        Operating income increased by 252.6% to $10.7 million from $3.0 million
in the 1998 period.  The improvement in operating income was due to a 60%
decrease in selling, general and administrative expenses and the increase in
gross profit discussed above.  The decrease in selling, general and
administrative expenses was primarily the result of the absense in the 1999
period of payments made in the prior year quarter for certain non-recurring
fees and expenses under agreements that were terminated upon consumation of the
Acquisition, partially offset by increased amortization expense, related mainly
to goodwill established when the Company was acquired, and higher sales
commissions expense.
        Results before income taxes increased 549.0% to a profit of $3.7
million from a loss of $0.8 million in the comparable 1998 period.  The
increase was primarily attributable to the improvement in operating income
discussed above offset by a $3.5 million increase in net interest expense.
The increase in net interest expense was due mainly to the greater amount of
debt incurred by the Company in order to finance the Acquisition.
        The Company's effective tax rate decreased to 41.7% in the 1999 period
from 77.4% in the 1998 period primarily as a result of the tax effects of
income from foreign operations present in the prior year period.
        An extraordinary loss on early extinguishment of debt of $7.1 million
(net of income tax benefit of $4.0 million) was recognized during the period
prior to the Acquisition in 1998.  This loss relates to the premium and
unamortized debt issuance costs associated with the tender offer for and
repurchase of the 10% Senior Secured Notes in connection with the Acquisition.
As a result of the factors discussed above, results for the three months ended
June 30, 1999 increased 124.9% to a profit of $2.1 million from a loss of $8.6
million in the 1998 period.
        Adjusted EBITDA for the second quarter increased by 8.8% to $16.3
million in 1999 from $15.0 million in 1998 for the reasons set forth above.

Six Months Ended June 30, 1999 Versus Six Months Ended June 30, 1998.

        The Company's net sales for the six months ended June 30, 1999
increased 2.5% to $122.4 million from $119.4 million in the comparable 1998
period.  Net sales of anode grade CPC decreased 2.1% to $98.6 million and net
sales of industrial grade CPC increased 22.4% to $21.6 million.
        The decrease in anode grade CPC net sales was primarily the result of
a 5.9% decline in the average per ton selling price partially offset by a 4.0%
increase in sales volume to 634,611 tons.  The decline in the average per ton
selling price is attributable to continued pressure from weak aluminum prices.
The increase in sales volume reflects the impact of the startup of a second
kiln expansion at La Plata, Argentina.
        The increase in industrial grade CPC net sales was the result of a
33.1% increase in sales volume to 164,129 tons which was partially offset by
an 8.0% decrease in selling price.  The increase in sales volume was due
mainly to greater shipments into the titanium dioxide market during 1999.
        The Company's gross profit for the six months ended June 30, 1999
decreased by 0.4% to $31.4 million from $31.5 million in 1998.  The decrease
in gross profit was due to higher cost of goods sold partially offset by the
increase in sales discussed above.  The increase in cost of goods sold was
the result of higher sales volume and increased depreciation expense related
to the Acquisition offset in large measure by a decrease in average per ton
costs principally due to lower raw material prices.  The additional

<PAGE> 11
Acquisition-related depreciation in 1999 compared to 1998 amounted to $2.1
million and represented 68.3% of the gross increase in cost of goods sold.
        Operating income increased by 29.7% to $21.7 million from $16.7 million
in 1998.  The improvement in operating income was due to a 34% decrease in
selling, general and administrative expenses offset by the decrease in gross
profit discussed above.  The decrease in selling, general and administrative
expenses was primarily the result of the absense in 1999 of payments made in
the prior year for certain non-recurring fees and expenses under agreements
that were terminated upon consumation of the Acquisition, partially offset by
increased amortization expense, related mainly to goodwill established when
the Company was acquired, and higher sales commission and management fee
expenses.
        Income before income taxes decreased 36.0% to $7.5 million from $11.7
million in 1998.  The decrease was primarily attributable to an $9.8 increase
in net interest expense offset by the improvement in operating income discussed
above.  The increase in net interest expense was due mainly to the greater
amount of debt incurred by the Company in order to finance the Acquisition.
        The Company's effective tax rate decreased to 40.3% in 1999 from 43.2%
in 1998 as the tax effects of income from foreign operations present in the
prior year period were partially offset by higher amounts of non-deductable
amortization of goodwill in 1999.
        An extraordinary loss on early extinguishment of debt of $7.1 million
(net of income tax benefit of $4.0 million) was recognized during the period
prior to the Acquisition in 1998.  This loss relates to the premium and
unamortized debt issuance costs associated with the tender offer for and
repurchase of the 10% Senior Secured Notes in connection with the Acquisition.
As a result of the factors discussed above, results for the six months ended
June 30, 1999 increased 1,009.4% to a profit of $4.5 million from a loss of
$0.5 million in the 1998 period.
        Adjusted EBITDA for the six month period increased by 5.1% to $33.1
million in 1999 from $31.5 million in 1998 for the reasons set forth above.

Liquidity and Capital Resources

        The Company's liquidity requirements are primarily for debt service,
capital expenditures and general working capital needs.  The timing of
inventory receipts and product shipments, all of which are entirely U.S.
dollar-denominated transactions, can have a substantial impact on the
Company's working capital requirements.  Capital investments generally relate
to facility maintenance and projects to improve plant throughput and product
quality.  It is anticipated that capital investments for 1999 will be
approximately $5.5 million.
        The Company expects to meet its liquidity needs, including debt
service, through cash from operations and its revolving credit facility.  The
revolving credit facility provides for borrowings of up to $25.0 million,
including a $7.5 million sub-limit for letters of credit.  As of August 6,
1999, no funds had been drawn down on this line of credit and approximately
$3.2 million in letters of credit were outstanding under this credit agreement.

Year 2000

        The Year 2000 ("Y2K") issue is the result of date-sensitive devices,
systems and computer programs that were developed using two digits rather than
four to define the applicable year.  Any such technologies may recognize a
year containing "00" as the year 1900 rather than the year 2000.  This could

<PAGE> 12
result in a system failure or miscalculations causing disruptions of
operations, including a temporary inability to engage in normal business
activities.
        The Company has completed its Y2K compliance assessment and expects to
complete any required remediation efforts in order to be Y2K compliant by the
end of the third quarter of 1999.  Costs for Y2K efforts are not being
accumulated separately.  The Company believes that the costs to the Company
for historical and future remediation of Y2K issues will not have a material
adverse effect on the Company.
        The Company, like most companies, will also be subject to Y2K risk
from its reliance on third parties for a wide variety of goods and servies,
such as raw materials and electricity.  The extent to which such reliance could
have a material adverse effect on the Company is indiscernible.
        Based on preliminary communications with customers and suppliers to
determine the extent of their Y2K efforts, the Company believes its exposure to
Y2K risk from material third party relationships is not material.  The Company
believes that appropriate actions have been taken to minimize the risk to its
operations and financial condition.
        Contingency plans that address a reasonably likely worst-case scenario
are currently being developed.  These plans will address the key systems and
third parties that present potential significant risk.  The plans will analyze
the strategies and resources necessary to restore operations in the unlikely
event that an interruption does occur.  The plans will also outline a recovery
program detailing the necessary participants, processes and equipment needed
to restore operations.  Contingency plans are expected to be finalized by the
end of the third quarter of 1999.

<PAGE> 13
                        GREAT LAKES CARBON CORPORATION

                          PART II - OTHER INFORMATION



Item 1.    Legal Proceedings

           Refer to the Company's annual report on form 10K dated
           March 31, 1999.

Item 2.    Change in Securities

           Not applicable.

Item 3.    Defaults Upon Senior Securities

           Not applicable.

Item 4.    Submission of Matters to a Vote of Security Holders

           Not applicable.

Item 5.    Other Information

           Not applicable.

Item 6.    Exhibits and Reports on Form 8-K

      (a)  List of Exhibits:

           Not applicable.

      (b)  Reports on Form 8-K

           The Company filed no reports on Form 8-K with the Commission during
           the three months ended June 30, 1999.

<PAGE> 14
                                  SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.



                                   GREAT LAKES CARBON CORPORATION



Date:       8/6/99                 /s/James D. Mckenzie
                                   James D. McKenzie
                                   President and Chief Executive Officer