FORM 10-Q

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

(Mark One)

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

For the quarterly period ended 06-30-99
                                       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: 0-26868


                      LEXINGTON GLOBAL ASSET MANAGERS, INC.


DELAWARE                                                     22-3395036
(State or other jurisdiction of                              (I.R.S. Employer
incorporation or organization)                               Identification No.)


PARK 80 WEST PLAZA TWO
SADDLE BROOK, NJ 07663
201-845-7300


         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 ____


              APPLICABLE ONLY TO REGISTRANTS INVOLVED IN BANKRUPTCY
                  PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

         Indicate by check mark whether the  registrant  has filed all documents
and reports  required  to be filed by Section 12, 13 or 15(d) of the  Securities
Exchange Act of 1934 subsequent to the  distribution of securities  under a plan
confirmed by a court.
Yes ____ No ____
                   (APPLICABLE ONLY TO CORPORATE REGISTRANTS)
         Indicate the number of shares  outstanding of each of the  registrant's
classes of common stock, as of June 30, 1999.


                      Common Stock-$.01 Par Value Per Share
                          Authorized 15,000,000 Shares
                          4,534,872 Shares Outstanding



                                TABLE OF CONTENTS


         Part I.  Financial Information

                  Condensed Consolidated Statements of Financial Condition
                  Condensed Consolidated Statements of Operations
                  Condensed Consolidated Statements of Cash Flows
                  Notes to Condensed Consolidated Financial Statements
                  Management's Discussion and Analysis of Financial Condition
                       and Results of Operations

         Part II.  Other Information
                  Legal Proceedings and Exhibits






Part I.  Financial Information
Item I.  Financial Statements

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
<TABLE>
<S>                                                     <C>                  <C>

                                                          6/30/1999           12/31/1998
                                                         (Unaudited)
Assets:
Cash and cash equivalents:
   Cash                                                    $ 585,452           $ 228,347
   Money market accounts                                   8,724,058           8,209,827
                                                         ------------         -----------
                                                           9,309,510           8,438,174
                                                         ------------         -----------

Receivables:
   Investment advisory and management fees                 1,182,592             863,920
   Due from funds and other                                  663,187             426,585
                                                         ------------         -----------
                                                           1,845,779           1,290,505
                                                         ------------         -----------
Trading securities                                           688,063           1,337,110
Prepaid expenses                                           1,977,711           1,859,517
Prepaid taxes                                                  8,208             182,066
Fixed assets (net of accumulated depreciation
   and amortization)                                       1,046,557           1,193,515
Intangible assets (net of accumulated amortization)          170,376             178,476
Assets associated with deferred compensation                 975,308             834,309
Deferred income taxes                                      1,488,808           1,560,686
Other assets                                                   9,401               8,608
                                                         ------------         -----------
        Total assets                                    $ 17,519,721        $ 16,882,966
                                                         ============         ===========


Liabilities:
Accounts payable and other accrued expenses              $ 4,014,979         $ 3,944,677
Deferred income                                            2,321,511           1,879,969
Deferred compensation                                        975,308             834,309
Federal income taxes payable                                 717,685             843,434
Other liabilities                                             15,554              11,391
                                                         ------------         -----------
        Total liabilities                                  8,045,037           7,513,780
                                                         ------------         -----------
Minority interest                                            485,384             428,821

Stockholders' Equity:
Common stock, $.01 par value; 15,000,000 authorized shares;
   5,487,887 issued                                           54,879              54,879
Additional paid-in capital                                21,533,391          21,573,392
Accumulated deficit                                       (8,234,274)         (8,633,541)
Deferred compensation                                       (826,752)         (1,118,758)
Treasury stock at cost                                    (3,537,944)         (2,935,607)
                                                         ------------         -----------
        Total stockholders' equity                         8,989,300           8,940,365
                                                         ------------         -----------

        Total liabilities and stockholders' equity      $ 17,519,721        $ 16,882,966
                                                         ============         ===========
</TABLE>


 See  accompanying  notes to the  condensed  consolidated  financial  statements
(Unaudited).




CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
<TABLE>
<S>                                              <C>            <C>               <C>            <C>

                                                  Three Months Ended June 30,     Six Months Ended June 30,
                                                     1999           1998              1999           1998

Revenues:
   Investment advisory:
      Mutual fund management fees (including
        $78,807, $86,936, $170,369, and $186,740
        respectively from related parties)        $ 2,261,596    $ 3,007,621       $ 4,395,881    $ 6,019,422
      Mutual fund commissions                           5,193         19,832            15,353         48,948
      Other management fees (including $847,667,
        $769,699, $1,718,904, and $1,484,338
        respectively from related parties)          2,187,764      2,018,337         4,322,017      3,910,783
   Commissions income                                  37,837         28,603            74,143         51,976
   Other income/(loss)                                262,750        (61,331)          401,373        130,726
                                                  ------------   ------------      ------------   ------------
        Total revenues                              4,755,140      5,013,062         9,208,767     10,161,855
                                                  ------------   ------------      ------------   ------------

Expenses:
   Salaries and other compensation                  2,393,568      2,320,607         4,628,286      4,756,395
   Selling and promotional                            191,135        271,734           308,116        495,632
   Administrative and general                       1,722,140      2,080,866         3,439,173      4,155,655
                                                  ------------   ------------      ------------   ------------
        Total expenses                              4,306,843      4,673,207         8,375,575      9,407,682
                                                  ------------   ------------      ------------   ------------
        Income before income taxes and
            minority interest                         448,297        339,855           833,192        754,173

Provision for income  taxes
   Current                                            237,486         73,636           305,484        120,044
   Deferred                                           (26,998)        84,332            71,878        219,024
                                                  ------------   ------------      ------------   ------------
        Total provision                               210,488        157,968           377,362        339,068
                                                  ------------   ------------      ------------   ------------
        Income before minority interest               237,809        181,887           455,830        415,105
Minority interest                                      23,600          7,440            56,563          8,071
                                                  ------------   ------------      ------------   ------------
        Net income                                  $ 214,209      $ 174,447         $ 399,267      $ 407,034
                                                  ============   ============      ============   ============

Earnings per share:
   Basic earnings per share                             $0.05          $0.03             $0.09          $0.08
                                                  ============   ============      ============   ============
   Diluted earnings per share                           $0.05          $0.03             $0.08          $0.08
                                                  ============   ============      ============   ============

Average shares outstanding during the period:
   Basic                                            4,576,658      5,103,634         4,643,013      5,142,528
                                                  ============   ============      ============   ============
   Diluted                                          4,684,908      5,200,138         4,726,794      5,236,964
                                                  ============   ============      ============   ============

</TABLE>

See  accompanying  notes  to the  condensed  consolidated  financial  statements
(Unaudited).



CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
<TABLE>
<S>                                                                          <C>                 <C>

                                                                                Six Months Ended June 30,
                                                                                1999                 1998
                                                                                ----                 ----

Cash flows from operating activities:
Net income                                                                    $ 399,267           $ 407,034
Adjustments to reconcile net income to net cash provided
   by operating activities:
      Depreciation and amortization                                             170,960             163,552
      Deferred income taxes                                                      71,878             219,024
      Minority interest                                                          56,563               8,070
      Compensation expense - stock options                                      318,006             308,430
Change in assets and liabilities
      Receivables                                                              (555,274)            182,843
      Trading securities                                                        649,047              40,253
      Prepaid expenses                                                         (118,194)           (298,303)
      Prepaid taxes                                                             173,858                 284
      Accounts payable and accrued expenses                                      70,302          (1,042,746)
      Federal income taxes payable                                             (125,749)                  -
      Deferred income                                                           441,542             391,670
      Other, net                                                                  3,370                 442
                                                                         ---------------    ----------------
Net cash provided by operating activities                                     1,555,576             380,553

Cash flows from investing activities:
      Purchases of furniture, equipment and leasehold
         improvements                                                           (15,902)            (41,106)

Cash flows from financing activities:
      Purchase of treasury stock                                               (668,338)           (928,750)
                                                                         ---------------    ----------------
Net cash used in financing activities                                          (668,338)           (928,750)
                                                                         ---------------    ----------------
Net increase (decrease) in cash and cash equivalents                            871,336            (589,303)
Cash and cash equivalents, beginning of period                                8,438,174           8,705,298
                                                                         ---------------    ----------------
Cash and cash equivalents, end of period                                    $ 9,309,510         $ 8,115,995
                                                                         ===============    ================
</TABLE>



          See  accompanying  notes  to  the  condensed   consolidated  financial
statements (Unaudited).



NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

1.  Basis of Presentation

The interim  financial  information  presented is  unaudited.  In the opinion of
Company  management,  all  adjustments,  (consisting  only of  normal  recurring
accruals),  necessary to present  fairly the  condensed  consolidated  financial
position and the results of  operations  for the interim  period have been made.
The  financial  statements  should  be read in  conjunction  with the  financial
statements  and related notes in the Company's  1998 Annual Report on Form 10-K.
The results of operations for the interim period  presented are not  necessarily
indicative of the results to be expected for the full year.


2.  Common Stock Buy-Back Program

On March 7,  1997 the  Board of  Directors  of the  Company  authorized  a share
repurchase  program of up to 750,000 shares.  During 1998, the Company completed
the share  repurchase  program.  On September  17, 1998,  the Board of Directors
authorized a second share repurchase program of up to 750,000 shares,  which has
a term of three years.  Repurchases have been and will be made from time to time
in the open market or through privately negotiated transactions at market price.
During the first half of 1999, the Company  repurchased  200,000 shares of stock
for a total of $668,338.  Subsequent to June 30, 1999,  the Company  repurchased
95,000 shares.  Under the second program, the Company has repurchased a total of
390,350 shares.

3.  Disclosures about Segments of an Enterprise and Related Information

The Company and its subsidiaries  are principally  engaged in a variety of asset
management and related  services to retail  investors,  institutions and private
accounts.  The  Company  operates  in three  business  segments:  Mutual  Funds,
Institutional,  and  Private  Accounts.  The mutual  fund  segment,  through its
subsidiaries,  markets,  promotes,  and distributes  the Lexington  family of 15
mutual  funds  providing  a variety of  investment  choices.  The  institutional
segment for investment  management services includes  corporate,  government and
multi-employee pension plans,  charitable endowments and foundations,  insurance
company general accounts and defined  contribution and 401(k) plans. The private
account  segment  offers  equity,  fixed income and balanced fund  alternatives,
tailored to the individual investment objectives of its private clients.
<TABLE>
<S>                                        <C>           <C>            <C>             <C>            <C>

                                             Mutual                       Private
Six months ended June 30, 1999               Funds       Institutional    Accounts         Other           Total
------------------------------                -----      -------------    --------         -----           -----

Revenue                                    $4,645,340     $2,120,932     $2,462,921       ($20,426)      $9,208,767

Salaries and other compensation             1,879,350      2,053,493        695,443              0        4,628,286
Selling and promotional                        98,758        141,239         46,112         22,007          308,116
Administrative and general                  1,352,476        508,486      1,454,315        123,896        3,439,173

Income (loss) before income taxes
    and minority interest                  $1,314,756      ($582,286)      $267,051      ($166,329)        $833,192

Six months ended June 30, 1998

Revenue                                    $6,062,590     $2,049,641     $2,041,274         $8,350      $10,161,855

Salaries and other compensation             2,099,634      2,036,172        620,589              0        4,756,395
Selling and promotional                       269,555        147,736         47,151         31,190          495,632
Administrative and general                  1,889,867        662,332      1,475,289        128,167        4,155,655

Income (loss) before income taxes
    and minority interest                  $1,803,534      ($796,599)     ($101,755)     ($151,007)        $754,173


Three months ended June 30, 1999

Revenue                                    $2,420,711     $1,099,563     $1,272,826       ($37,960)      $4,755,140

Salaries and other compensation               893,479      1,125,753        374,336              0        2,393,568
Selling and promotional                        67,596         79,319         30,521         13,699          191,135
Administrative and general                    670,883        264,331        724,939         61,987        1,722,140

Income (loss) before income taxes
    and minority interest                    $788,753      ($369,840)      $143,030      ($113,646)        $448,297

Three months ended June 30, 1998

Revenue                                    $2,919,695     $1,040,761     $1,048,387         $4,220       $5,013,063

Salaries and other compensation             1,023,979        995,124        301,503              0        2,320,606
Selling and promotional                       115,779        107,013         27,280         21,662          271,734
Administrative and general                    960,877        308,824        746,194         64,971        2,080,866

Income (loss) before income taxes
    and minority interest                    $819,060      ($370,200)      ($26,590)      ($82,413)        $339,857

</TABLE>

Management does not evaluate assets as a means to allocate  resources and assess
performance. The Company is domiciled in the United States and does not have any
international operations.


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

Management's Discussion and Analysis contained in the Company's Annual Report on
Form 10-K for December 31, 1998 is  incorporated  herein by reference and should
be read in conjunction with the following.

Six Months Ended June 30, 1999 and 1998

The  consolidated  net income for the six  months  ended June 30,  1999 was $0.4
million, or $0.09 basic earnings per share and $0.08 diluted earnings per share,
compared to $0.4 million,  or $0.08 basic and diluted earnings per share for the
first six months of 1998.

Total assets  under  management  at June 30, 1999 were $3.3 billion  compared to
$3.5 billion at June 30, 1998.  Mutual fund assets  under  management  decreased
approximately $0.4 billion to $1.5 billion from $1.9 billion in the year earlier
period. The decrease is mainly attributable to the termination of a sub-advisory
relationship  with one of the Company's larger accounts in the fourth quarter of
1998.  Assets under  management in this  relationship  were  approximately  $400
million.  Private account assets  increased $0.1 billion to $0.6 billion,  while
institutional assets stayed even at $1.1 billion.

Year-to-date  revenues of $9.2 million are $1.0 million below last year.  Mutual
fund revenues decreased $1.6 million from $6.0 million to $4.4 million.  Of this
decline,  $0.9  million  is a  result  of  the  termination  of  a  sub-advisory
relationship  with one of the Company's larger accounts in the fourth quarter of
1998. Also contributing to the decline are the Company's emerging markets funds,
which, compared to the prior year period,  experienced a decrease in average net
assets in an environment  of continuing  strength in the U.S.  capital  markets.
Other management fees shows a $0.4 million increase,  due to higher assets under
management  in the  private  account  segment.  There  was  also a $0.3  million
increase in other income,  primarily as a result of unrealized  appreciation  of
$0.1 million at June 30, 1999 versus unrealized  depreciation of $0.1 million at
June 30, 1998.

Total  year-to-date  expenses of $8.4  million  decreased  $1.0 million from the
first half of 1998 due to  administrative  and general expenses (which decreased
approximately  $0.7 million to $3.4 million),  selling and promotional  expenses
(which  decreased  $0.2  million  to  $0.3  million),  and  salaries  and  other
compensation  (which  decreased  approximately  $0.1  million to $4.6  million).
Administrative and general expenses primarily declined due to lower sub-advisory
fees and trail  commissions,  reflecting lower assets under management.  Selling
and  promotional  expenses  decreased  $0.2  million  due to  lower  advertising
expenditures. And finally, salaries and other compensation declined due to lower
bonus expense associated with lower revenues and profits.

Income before taxes and minority interest of $833 thousand is $79 thousand above
the $754  thousand  recorded in the first half of 1998.  The provision for state
and federal taxes slightly  increased to $377 thousand from $339 thousand due to
the increase in taxable income.

Three Months Ended June 30, 1999 and 1998

The  consolidated  net  income  for the three  months  ended  June 30,  1999 was
$214,209  or $0.05 per share,  compared  to  $174,447 or $0.03 per share for the
second quarter of 1998.

Total  revenues of $4.8  million are $0.3  million  below the second  quarter of
1998.  Mutual fund  revenues  decreased  $0.7  million to $2.3  million with the
decline in assets under management.  Of this decline, $0.5 million is due to the
termination of a sub-advisory relationship.  Partially offsetting the decline is
an increase of $0.2  million in other  management  fees  associated  with higher
assets  under  management  in the private  account  segment,  and a $0.3 million
increase in other income. The increase in other income is a result of unrealized
appreciation,  which  totaled $0.1 million in the second  quarter of 1999 versus
unrealized  depreciation  of $0.2  million  in the second  quarter of 1998.  The
unrealized  appreciation/depreciation  stems from investments in a number of the
products managed by the Company.

The total  expenses  for the quarter of $4.3  million  showed a decrease of $0.4
million,  due almost  entirely to  administrative  and general  expenses.  These
expenses  decreased $0.4 million primarily due to a decline in sub-advisory fees
and trail  commissions,  which is attributable to lower mutual fund assets under
management.  Selling and  promotional  expenses  decreased $0.1 million from the
second quarter of 1998 to $0.2 million.  This decrease is  attributable to lower
advertising expenditures. Salaries and other compensation expense increased $0.1
million to $2.4 million due to market  appreciation of the assets segregated for
the purposes of meeting the Company's deferred compensation  liability.

Profit  before tax and  minority  interest  amounted  to $0.4  million,  up $0.1
million  from the $0.3  million  recorded  in the second  quarter  of 1998.  The
provision for state and federal taxes  increased $53 thousand to $0.2 million in
the second quarter due to higher taxable income.

Year 2000

The Company,  like most  commercial  and financial  institutions,  is working to
ensure that its operating and processing  systems will,  along with those of its
service providers,  continue to function when the Year 2000 arrives. The Company
has developed  and  implemented  a  comprehensive  plan to prepare the Company's
computer  systems and applications for the Year 2000, as well as to identify and
address any other Year 2000  operational  issues  which may affect the  Company.
Progress  reports on the Company's Year 2000 program are presented  regularly to
the Company's Board of Directors and senior management.

The  Company's  Year  2000  program,  which  was  commenced  in June 1997 and is
administered  by internal  staff,  consists of the  following  three  components
relating to the Company's operations: (i) information technology ("IT") computer
systems and  applications  which may be impacted by the Year 2000 problem,  (ii)
non-IT  systems and equipment  which include  embedded  technology  which may be
impacted by the Year 2000  problem and (iii) third party  vendors with which the
Company has significant  relationships  which could adversely affect the Company
if such parties fail to be Year 2000 compliant.

The general  phases common to all three  components  of the Company's  Year 2000
program are: (1) Awareness  (the  identification  of the Year 2000 issues facing
the Company);  (2) Assessment (the  prioritization of the issues and the actions
to be taken); (3) Renovation  (implementation of the specific actions determined
upon assessment, including repair, modification or replacement of items that are
determined not to be Year 2000 compliant); (4) Validation (testing of the new or
modified  information  systems,  other systems, and equipment to verify the Year
2000  readiness);  (5)  Implementation  (actual  operation  of such  systems and
equipment and, if necessary,  the actual implementation of any contingency plans
in the event Year 2000 problems occur,  notwithstanding the Company's renovation
program).

The Company has  completed  an  assessment  of its Year 2000  readiness  and has
completed the renovation of its internal systems.  The renovation phase involved
the  replacement of certain systems with purchased  software,  the renovation of
other systems,  and the purchase of certain  hardware and other devices,  all of
which  are  Year  2000  compliant.   The  validation   phase  related  to  these
applications has been completed.  The  implementation  phase has begun and is an
ongoing task. Excluding normal system upgrades, the Company estimates that total
costs for conversion and testing of new or modified IT systems and  applications
will  aggregate  approximately  $174,000,  of which an aggregate of $112,000 has
been incurred to date.

The Company is keeping  apprised of the  progress of outside  vendors'  plans to
become Year 2000 compliant. All outside vendors are in the implementation phase.

The  Company  is  deemed  generally   compliant  with  no  critical  systems  as
non-compliant  and has drafted a contingency plan, which it is refining and will
test in the third quarter.

Although the Company believes it is adequately  addressing its Year 2000 issues,
the  failure  to  correct  a  material  Year  2000  problem  could  result in an
interruption  in,  or a  failure  of,  certain  normal  business  activities  or
operations.  Such  failure  could  materially  affect the  Company's  results of
operations, liquidity and financial condition.

Effects of Inflation

The Company does not believe that inflation has had a significant  impact on the
operations of the Company to date.  The Company's  assets  consist  primarily of
cash and  investments  which are  monetary  in  nature.  However,  to the extent
inflation results in rising interest rates with the attendant adverse effects on
the securities  markets and on the values of  investments  held in the Company's
accounts,  inflation may adversely affect the Company's  financial  position and
results of operations. Inflation also may result in increased operating expenses
(primarily  personnel-related  costs) that may not be readily recoverable in the
fees charged by the Company.

Liquidity and Financial Condition

The  Company's   business  typically  does  not  require   substantial   capital
expenditures.  The most  significant  investments  are in technology,  including
computer equipment and telephones.

Historically,  the  Company  has been  cash  self-sufficient.  Cash  flows  from
operations have ranged between inflows of $3.7 million and $1.5 million over the
past three  years.  In the first six months of 1999 the Company had cash inflows
from operations of $1.6 million.  The major sources of this cash inflow were the
liquidation of a portion of the Company's trading securities and net income.

Net cash from investing  activities  have ranged between inflows of $0.5 million
and outflows of $0.3  million  over the past three years.  Outflows of cash from
investing  activities were just  marginally  negative in the first six months of
1999 reflecting the purchase of computer equipment.

Cash flows from financing  activities have been  consistently  negative over the
past three years. The principal use of cash in financing activities has been the
repurchase of the Company's stock under the previously  announced stock buy-back
programs.  On March 7, 1997 the  Company  announced a share  repurchase  program
under which the Company may  repurchase  up to 750,000  shares of its stock from
time to time in the open market or through privately negotiated  transactions at
market prices.  During 1998, the Company completed the share repurchase program.
On  September  17,  1998,  the  Board of  Directors  authorized  a second  share
repurchase  program of up to 750,000  shares,  which has a term of three  years.
Through December 31, 1998, the Company  repurchased  845,350 shares of its stock
for a total of  $4,634,244.  In the first half of 1999,  the  Company  purchased
200,000  shares  of its stock for a total of  $668,338.  Subsequent  to June 30,
1999, the Company repurchased 95,000 shares. The Company may in the future issue
debt securities or preferred  stock or enter into loan or other  agreements that
restrict the payment of dividends on and  repurchase  of the  Company's  capital
stock.

Historically,  the Company has maintained a substantial  amount of liquidity for
purposes of meeting regulatory  requirements and potential business demands.  At
June  30,  1999  the  Company  had $9.3  million  of cash and cash  equivalents.
Management  believes  the  Company's  cash  resources,  plus  cash  provided  by
operations,  are  sufficient  to meet  the  Company's  foreseeable  capital  and
liquidity  requirements.  As a result  of the  holding  company  structure,  the
Company's  cash flows will depend  primarily on  dividends or other  permissible
payments from its subsidiaries.  The Company has no standby  lines-of-credit  or
other similar arrangements.

LFD,  as  a  registered  broker-dealer,   had  federal  and  state  net  capital
requirements  at June 30, 1999 of $25,000.  The aggregate net capital of LFD was
$0.3 million at June 30, 1999.

Stockholders'  equity  on June 30,  1999  increased  to $9.0  million  from $8.9
million at December 31, 1998 primarily as a result of the Company's net income.

Management  believes that the Company's  liquid assets and its net cash provided
by operations will enable it to meet any foreseeable cash requirements.

Forward Looking Statements

Some of the statements included within Management's  Discussion and Analysis may
be  considered  to be forward  looking  statements  which are subject to certain
risks and uncertainties.  Factors which could cause the actual results to differ
materially  from those  suggested by such  statements are described from time to
time in the  Company's  Annual  Report on Form 10-K and other  filings  with the
Securities and Exchange Commission.



Part II.  Other Information

Item 1.  Legal Proceedings

     None

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

   (a)      Date of Meeting:  May 13, 1999 Annual Meeting of Stockholders

   (b) Matters voted on and number of affirmative/negative votes:

         1.  Election of Directors:
         Peter L. Richardson, Stuart S. Richardson, Carl H. Tiedemann

              For All Directors:  4,520,032          Withheld Authority:  16,081

         2.  Ratification  of the  selection  of  KPMG  LLP  as the  independent
      auditors for the current calendar year.

              Votes:          For              Against           Abstain
                           4,531,145            1,330             3,638


Item 6. Exhibits and Reports on Form 8-K

   (a)      List of Exhibits
No.  27  Financial  Data  Schedule  (filed  with  the  Securities  and  Exchange
Commission)

Other Items under Part II have been  omitted  since they are either not required
or are not applicable.


                                   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.

LEXINGTON GLOBAL ASSET MANAGERS, INC.

By: /s/Richard M. Hisey
RICHARD M. HISEY
EXECUTIVE VICE PRESIDENT, CHIEF FINANCIAL OFFICER AND TREASURER

Date: 8-12-99