13F-HR 1 olst13f331305.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2005 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: Olstein & Associates, L.P. Address: 4 Manhattanville Road Purchase, NY 10577 Form 13F File Number: 028-05485 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: Michael Luper Title: Executive Vice President Phone: (914) 269-6100 Signature, Place, and Date of Signing: /s/MICHAEL LUPER MICHAEL LUPER Purchase, NY 5/11/05 Report Type (Check only one.): /_/ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) /_/ 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) /X/ 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manger(s).) List of Other Managers Reporting for this Manager: Form 13F File Number Name 28-4024 Smith Barney Fund Management LLC Form 13F Summary Page Report Summary: Number of Other Included Managers: NONE Form 13F Information Table Entry Total: 79 Form 13F Information Table Value Total: $ 1,906,666 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE

OLSTEIN & ASSOCIATES, L.P. FORM 13F INFORMATION TABLE AS OF 3/31/2005 (COLUMN 1) (COLUMN 2) (COLUMN 3) (COLUMN 4) (COLUMN 5) (COLUMN 6) (COLUMN 7) (COLUMN 8) NAME OF TITLE OF CUSIP VALUE SHRS OR INVESTMENT OTHER VOTING AUTHORITY ISSUER CLASS (X$1000) PRN AMT* DISCRETION MANAGERS (SOLE) ADAPTEC INC COMMON 00651F108 25,381 5,298,700 SOLE 5,298,700 AK STL HLDG CORP COMMON 001547108 30,058 2,717,700 SOLE 2,717,700 AMERICAN GREETINGS CORP COMMON 026375105 43,370 1,702,100 SOLE 1,702,100 AVX CORP NEW COMMON 002444107 20,537 1,676,500 SOLE 1,676,500 BANK OF AMERICA CORPORATION COMMON 060505104 21,397 485,200 SOLE 485,200 BARD C R INC COMMON 067383109 13,173 193,500 SOLE 193,500 BAXTER INTL INC COMMON 071813109 27,731 816,100 SOLE 816,100 BEMIS INC COMMON 081437105 20,994 674,600 SOLE 674,600 BROWN SHOE INC NEW COMMON 115736100 31,007 904,800 SOLE 904,800 CAMBREX CORP COMMON 132011107 22,058 1,035,600 SOLE 1,035,600 CISCO SYS INC COMMON 17275R102 18,482 1,033,100 SOLE 1,033,100 CKE RESTAURANTS INC COMMON 12561E105 24,073 1,518,800 SOLE 1,518,800 CLAIRES STORES INC COMMON 179584107 30,182 1,310,000 SOLE 1,310,000 COMERICA INC COMMON 200340107 14,062 255,300 SOLE 255,300 COMMSCOPE INC COMMON 203372107 43,388 2,900,300 SOLE 2,900,300 COMPUTER SCIENCES CORP COMMON 205363104 -23,131 -504,500 SOLE -504,500 DARDEN RESTAURANTS INC COMMON 237194105 22,580 736,000 SOLE 736,000 DEL MONTE FOODS CO COMMON 24522P103 52,876 4,873,400 SOLE 4,873,400 DIEBOLD INC COMMON 253651103 16,208 295,500 SOLE 295,500 DISNEY WALT CO COMMON 254687106 30,830 1,073,100 SOLE 1,073,100 FAIRCHILD SEMICONDUCTOR INTL COMMON 303726103 24,188 1,577,800 SOLE 1,577,800 FIRST DATA CORP COMMON 319963104 23,501 597,832 SOLE 597,832 FLEETWOOD ENTERPRISES INC COMMON 339099103 -10,401 -1,195,500 SOLE -1,195,500 FTD GROUP INC COMMON 30267U108 14,835 1,224,000 SOLE 1,224,000 GENERAL DYNAMICS CORP COMMON 369550108 14,238 133,000 SOLE 133,000 GOLDMAN SACHS GROUP INC COMMON 38141G104 15,740 143,100 SOLE 143,100 GRAY TELEVISION INC COMMON 389375106 35,750 2,470,600 SOLE 2,470,600 HARLAND JOHN H CO COMMON 412693103 29,409 855,900 SOLE 855,900 HASBRO INC COMMON 418056107 37,593 1,838,300 SOLE 1,838,300 HILFIGER TOMMY CORP COMMON G8915Z102 43,864 3,749,100 SOLE 3,749,100 INTERNATIONAL SECS EXCH INC COMMON 46031W204 117 4,500 SOLE 4,500 INTERPUBLIC GROUP COS INC COMMON 460690100 66,882 5,446,400 SOLE 5,446,400 JANUS CAP GROUP INC COMMON 47102X105 33,504 2,401,700 SOLE 2,401,700 JO-ANN STORES INC COMMON 47758P307 14,480 515,500 SOLE 515,500 JOURNAL REGISTER CO COMMON 481138105 27,973 1,675,000 SOLE 1,675,000 KIMBERLY CLARK CORP COMMON 494368103 22,647 344,550 SOLE 344,550 KNIGHT RIDDER INC COMMON 499040103 25,878 384,800 SOLE 384,800 LIZ CLAIBORNE INC COMMON 539320101 15,562 387,800 SOLE 387,800 LUCENT TECHNOLOGIES INC COMMON 549463107 29,847 10,853,300 SOLE 10,853,300 MANITOWOC INC COMMON 563571108 26,100 646,200 SOLE 646,200 MARSH & MCLENNAN COS INC COMMON 571748102 32,790 1,077,900 SOLE 1,077,900 MATTEL INC COMMON 577081102 16,350 765,800 SOLE 765,800 MCDONALDS CORP COMMON 580135101 31,914 1,024,850 SOLE 1,024,850 MERRILL LYNCH & CO INC COMMON 590188108 29,641 523,700 SOLE 523,700 MOLSON COORS BREWING CO COMMON 60871R209 28,746 372,500 SOLE 372,500 MORGAN STANLEY COMMON 617446448 21,915 382,800 SOLE 382,800 NCR CORP NEW COMMON 62886E108 22,039 653,200 SOLE 653,200 NEWPARK RES INC COMMON 651718504 11,288 1,916,500 SOLE 1,916,500 OFFICE DEPOT INC COMMON 676220106 25,463 1,148,000 SOLE 1,148,000 OSHKOSH B GOSH INC COMMON 688222207 26,797 878,600 SOLE 878,600 PACER INTL INC TENN COMMON 69373H106 24,330 1,018,420 SOLE 1,018,420 PALL CORP COMMON 696429307 14,867 548,200 SOLE 548,200 PATTERSON UTI ENERGY INC COMMON 703481101 12,558 501,900 SOLE 501,900 PAYLESS SHOESOURCE INC COMMON 704379106 36,186 2,291,700 SOLE 2,291,700 PENNEY J C INC COMMON 708160106 21,858 421,000 SOLE 421,000 PERKINELMER INC COMMON 714046109 14,162 686,500 SOLE 686,500 PIER 1 IMPORTS INC COMMON 720279108 30,747 1,686,600 SOLE 1,686,600 PLAYTEX PRODS INC COMMON 72813P100 21,355 2,372,800 SOLE 2,372,800 QUANTA SVCS INC COMMON 74762E102 34,275 4,492,100 SOLE 4,492,100 RADIOSHACK CORP COMMON 750438103 31,230 1,274,700 SOLE 1,274,700 ROSS STORES INC COMMON 778296103 15,934 546,800 SOLE 546,800 SCIENTIFIC GAMES CORP COMMON 80874P109 25,784 1,128,412 SOLE 1,128,412 SERVICEMASTER CO COMMON 81760N109 23,659 1,752,500 SOLE 1,752,500 SUNGARD DATA SYS INC COMMON 867363103 1,829 53,000 SOLE 53,000 SYNAPTICS INC COMMON 87157D109 5,874 253,200 SOLE 253,200 TECHNITROL INC COMMON 878555101 24,340 1,631,400 SOLE 1,631,400 TRIBUNE CO NEW COMMON 896047107 42,996 1,078,400 SOLE 1,078,400 TUPPERWARE CORP COMMON 899896104 34,535 1,696,200 SOLE 1,696,200 TYCO INTL LTD NEW COMMON 902124106 47,384 1,401,900 SOLE 1,401,900 UNIVERSAL ELECTRS INC COMMON 913483103 15,690 929,500 SOLE 929,500 UNOVA INC COMMON 91529B106 26,952 1,305,200 SOLE 1,305,200 VIACOM INC COMMON 925524100 19,135 546,100 SOLE 546,100 WADDELL & REED FINL INC COMMON 930059100 15,180 769,000 SOLE 769,000 WATSON PHARMACEUTICALS INC COMMON 942683103 22,583 734,900 SOLE 734,900 WELLMAN INC COMMON 949702104 21,009 1,452,900 SOLE 1,452,900 WENDYS INTL INC COMMON 950590109 23,358 598,300 SOLE 598,300 WEYERHAEUSER CO COMMON 962166104 16,378 239,100 SOLE 239,100 WILLIAMS COS INC DEL COMMON 969457100 45,244 2,405,300 SOLE 2,405,300 WMS INDS INC COMMON 929297109 13,328 473,300 SOLE 473,300 * All of the securities listed within this column are stated in SH.