13F-HR 1 olst13f123104.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2004 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 2/10/05 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: 75 Form 13F Information Table Value Total: $ 1,792,556 (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 12/31/2004 (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) 3COM CORP COMMON 885535104 6,933 1,662,500 SOLE 1,662,500 ADAPTEC INC COMMON 00651F108 25,124 3,310,100 SOLE 3,310,100 AK STEEL HOLDING CORP COMMON 001547108 22,515 1,556,000 SOLE 1,556,000 AMERICAN GREETINGS CO CLASS COMMON 026375105 43,148 1,702,100 SOLE 1,702,100 AVX INC COMMON 002444107 21,124 1,676,500 SOLE 1,676,500 BANK OF AMERICA CORP COMMON 060505104 22,800 485,200 SOLE 485,200 BARD C.R. INC COMMON 067383109 13,020 203,500 SOLE 203,500 BAXTER INTERNATIONAL INC COMMON 071813109 35,441 1,026,100 SOLE 1,026,100 BEMIS COMPANY COMMON 081437105 19,624 674,600 SOLE 674,600 BROWN SHOE COMPANY INC COMMON 115736100 26,662 893,800 SOLE 893,800 CAMBREX CORP COMMON 132011107 25,439 938,700 SOLE 938,700 CENTURYTEL INC COMMON 156700106 20,441 576,300 SOLE 576,300 CHICAGO BRIDGE AND IRON CO COMMON 167250109 7,400 185,000 SOLE 185,000 CHUBB CORP COMMON 171232101 14,342 186,500 SOLE 186,500 CKE RESTAURANTS INC COMMON 12561E105 25,488 1,756,600 SOLE 1,756,600 CLAIRE'S STORES INC. COMMON 179584107 27,838 1,310,000 SOLE 1,310,000 COMERICA INC COMMON 200340107 15,578 255,300 SOLE 255,300 COMMSCOPE INC COMMON 203372107 29,076 1,538,400 SOLE 1,538,400 COMPUTER SCIENCES COMMON 205363104 -26,088 -462,800 SOLE -462,800 CUMMINS INC COMMON 231021106 6,142 73,300 SOLE 73,300 DARDEN RESTAURANTS INC COMMON 237194105 20,417 736,000 SOLE 736,000 DEL MONTE FOODS CO COMMON 24522P103 52,482 4,762,400 SOLE 4,762,400 EVEREST RE GROUP LTD COMMON G3223R108 13,335 148,900 SOLE 148,900 FAIRCHILD SEMICON INTL CL-A COMMON 303726103 27,196 1,672,600 SOLE 1,672,600 FIRST DATA COMMON 319963104 25,432 597,832 SOLE 597,832 FURNITURE BRANDS INT'L INC. COMMON 360921100 8,034 320,700 SOLE 320,700 GENERAL DYNAMICS CORP COMMON 369550108 13,912 133,000 SOLE 133,000 GRAY TELEVISION INC COMMON 389375106 38,294 2,470,600 SOLE 2,470,600 HARLAND JOHN H CO COMMON 412693103 30,898 855,900 SOLE 855,900 HASBRO INC COMMON 418056107 36,024 1,858,800 SOLE 1,858,800 INTERPUBLIC GROUP OF COS INC COMMON 460690100 58,002 4,328,500 SOLE 4,328,500 JANUS CAPITAL GROUP INC COMMON 47102X105 32,869 1,955,300 SOLE 1,955,300 JO-ANN STORES, INC. COMMON 47758P307 19,027 690,900 SOLE 690,900 JOURNAL REGISTER CO COMMON 481138105 26,542 1,373,100 SOLE 1,373,100 KIMBERLY CLARK COMMON 494368103 22,675 344,550 SOLE 344,550 KNIGHT RIDDER INC COMMON 499040103 25,759 384,800 SOLE 384,800 LIZ CLAIBORNE INC COMMON 539320101 16,369 387,800 SOLE 387,800 MANITOWOC COMPANY INC COMMON 563571108 24,329 646,200 SOLE 646,200 MARSH & MCLENNAN CO COMMON 571748102 34,614 1,052,100 SOLE 1,052,100 MATTEL CS COMMON 577081102 22,447 1,151,700 SOLE 1,151,700 MCDONALD'S CORP COMMON 580135101 32,857 1,024,850 SOLE 1,024,850 MERRILL LYNCH COMMON 590188108 31,302 523,700 SOLE 523,700 MORGAN STANLEY DEAN WITTER& COMMON 617446448 21,253 382,800 SOLE 382,800 NEWPARK RESOURCES INC COMMON 651718504 9,818 1,906,500 SOLE 1,906,500 NORTEL NETWORKS CORP COMMON 656568102 4,710 1,349,600 SOLE 1,349,600 OFFICE DEPOT COMMON 676220106 21,433 1,234,600 SOLE 1,234,600 OSHKOSH B GOSH COMMON 688222207 19,474 910,000 SOLE 910,000 PACER INTERNATIONAL, INC. COMMON 69373H106 29,686 1,396,320 SOLE 1,396,320 PALL CORP COMMON 696429307 15,870 548,200 SOLE 548,200 PAYLESS SHOESOURCE COMMON 704379106 39,687 3,226,600 SOLE 3,226,600 PENNEY JC CO COMMON 708160106 17,429 421,000 SOLE 421,000 PERKINELMER INC COMMON 714046109 9,592 426,500 SOLE 426,500 PIER 1 IMPORTS INC COMMON 720279108 33,226 1,686,600 SOLE 1,686,600 QUANTA SERVICES, INC. COMMON 74762E102 27,615 3,451,900 SOLE 3,451,900 RADIOSHACK CORPORATION COMMON 750438103 24,910 757,600 SOLE 757,600 ROSS STORES INC COMMON 778296103 19,620 679,600 SOLE 679,600 SCIENTIFIC GAMES CORP-CL A COMMON 80874P109 26,901 1,128,412 SOLE 1,128,412 SERVICEMASTER COMPANY COMMON 81760N109 24,167 1,752,500 SOLE 1,752,500 TECHNITROL COMMON 878555101 12,358 679,000 SOLE 679,000 THE WALT DISNEY CO COMMON 254687106 29,832 1,073,100 SOLE 1,073,100 TOMMY HILFIGER CORP COMMON G8915Z102 37,178 3,295,900 SOLE 3,295,900 TRIBUNE CO COMMON 896047107 35,882 851,500 SOLE 851,500 TUPPERWARE CORPORATION COMMON 899896104 35,970 1,736,000 SOLE 1,736,000 TYCO INTERNATIONAL LTD COMMON 902124106 58,617 1,640,100 SOLE 1,640,100 UNIVERSAL ELECTRONICS INC COMMON 913483103 16,011 909,700 SOLE 909,700 UNOVA INC COMMON 91529B106 33,309 1,317,100 SOLE 1,317,100 VIACOM INC -CL A COMMON 925524100 30,039 810,100 SOLE 810,100 WADDELL & REED FINANCIAL, IN COMMON 930059100 7,272 304,400 SOLE 304,400 WATSON PHARMACEUTICALS INC COMMON 942683103 28,896 880,700 SOLE 880,700 WELLMAN, INC COMMON 949702104 32,872 3,075,000 SOLE 3,075,000 WENDYS INTERNATIONAL COMMON 950590109 23,489 598,300 SOLE 598,300 WEYERHAEUSER CO COMMON 962166104 15,521 230,900 SOLE 230,900 WILLIAMS COS INC COMMON 969457100 39,182 2,405,300 SOLE 2,405,300 WMS INDUSTRIES INC COMMON 929297109 15,874 473,300 SOLE 473,300 * All of the securities listed within this column are stated in SH.