UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 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: Northern Capital Management Co.
Address: 203 10th St. N.
Fargo, ND 58102
13F File Number:
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: Mary Ann Christensen
Title: Trust Operations Manager
Phone: 701-277-2453
Signature, Place, and Date of Signing:
Mary Ann Christensen Fargo, North Dakota October 27, 1999
Report Type (check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 98
Form 13F Information Table Value Total: $223,750
List of Other Included Managers:
None
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<TABLE> <C> <C>
VALUE SHARES/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT DSCRETN MANAGERS SOLE
SHARED NONE
AT&T CORP COM 001957109 660 15165 SH SOLE 0 3215 11950
AXA FINANCIAL INC COM 002451102 3296 59057 SH SOLE 0 59057
ABERCROMBIE & FITCH CO CL A COM 002896207 2068 60725 SH SOLE 0 60725
AETNA REAL ESTATE ASSOC. COM 008171100 660 56935 SH SOLE 0 56935
ALLIED SIGNAL INC COM 019512102 259 4329 SH SOLE 0 4329
ALPHARMA INC CL A COM 020002101 2706 76640 SH SOLE 0 76320 320
AMERICA ONLINE INC DEL COM 02364J104 555 5336 SH SOLE 0 3836 1500
AMERICAN EXPRESS COM 025816109 405 3000 SH SOLE 0 0 3000
AMERICAN INTERNATIONAL GROUP COM 026874107 3680 42331 SH SOLE 0 36556 5775
AMERITECH CORP COM 030954101 474 7096 SH SOLE 0 6096 1000
ANHEUSER-BUSCH COMPANIES INC COM 035229103 4389 62646 SH SOLE 0 62046 600
ASSOCIATES FIRST CAP CORP CL A COM 046008108 226 6285 SH SOLE 0 285 6000
ATLANTIC RICHFIELD CO COM 048825103 5692 64225 SH SOLE 0 62700 1525
BP AMOCO PLC SPON ADR COM 055622104 259 2341 SH SOLE 0 341 2000
BANK OF NEW YORK COMPANY INC COM 064057102 268 8000 SH SOLE 0 0 8000
BANKAMERICA CORP. COM COM 060505104 3258 58506 SH SOLE 0 55117 3389
BANK BOSTON CORP COM COM 06605R106 2469 56925 SH SOLE 0 55750 1175
BAXTER INTL INC COM COM 066050105 4250 70544 SH SOLE 0 69244 1300
BELL ATLANTIC CORPORATION COM 077853109 297 4414 SH SOLE 0 2814 1600
BELLSOUTH CORPORATION COM 079860102 282 6256 SH SOLE 0 4356 1900
BERGEN BRUNSWIG CORP CL A COM 083739102 1354 130554 SH SOLE 0 129254 1300
BRISTOL MYERS SQUIBB CO COM COM 101137107 4616 68380 SH SOLE 0 67380 1000
CFB CAP II CAP SECS % PFD 12519P202 285 12000 SH SOLE 0 12000
CHAMPION ENTERPRISES COM 158496109 1699 188750 SH SOLE 0 188750
CHAMPION TECHNOLOGIES COM 158675108 7 20000 SH SOLE 0 20000
CISCO SYS INC COM 17275R102 5537 80762 SH SOLE 0 72247 8515
CITIGROUP INC COM 172967101 7861 178668 SH SOLE 0 173799 4869
CONMED CORP. COM 207410101 1781 72700 SH SOLE 0 72700
CONOCO INC CL B COM 208251405 2224 81224 SH SOLE 0 78611 2613
COX COMMUNICATION INC CL A NEW COM COM 224044107 292 7000 SH SOLE 0 0 7000
DAIMLER-CHRYSLER AG ORD COM D1668R123 4053 58371 SH SOLE 0 58225 146
DELL COMPUTER CORP COM 247025109 252 6025 SH SOLE 0 25 6000
DISNEY WALT CO COM 254687106 2885 110945 SH SOLE 0 109395 1550
E I DU PONT DE NEMOURS & CO COM 263534109 3186 52656 SH SOLE 0 48458 4198
E M C CORP MASS COM 268648102 286 4000 SH SOLE 0 0 4000
ELECTRONIC DATA SYS CORP COM 285661104 212 4000 SH SOLE 0 4000
ENRON CORP COM 293561106 2186 53240 SH SOLE 0 53040 200
EXXON CORP COM 302290101 402 5292 SH SOLE 0 2492 2800
FDX CORP COM 31304N107 292 7502 SH SOLE 0 502 7000
FANNIE MAE COM COM 313586109 418 6663 SH SOLE 0 63 6600
FIRST DATA CORP COM 319963104 237 5400 SH SOLE 0 0 5400
GAP INC COM 364760108 288 9000 SH SOLE 0 0 9000
GENENTECH INC COM 368710406 293 2000 SH SOLE 0 1945 55
GENERAL ELECTRIC CO COM 369604103 9239 77925 SH SOLE 0 74065 3860
GILAT SATELLITE NETWORK LTD COM M51474100 4149 77365 SH SOLE 0 77170 195
GUIDANT CORP COM 401698105 2360 44000 SH SOLE 0 39750 4250
HSBC HOLDINGS PLC SPON ADR COM 404280406 3034 52260 SH SOLE 0 52135 125
HEWLETT PACKARD COMPANY COM 428236103 4115 45346 SH SOLE 0 44516 830
HOME DEPOT INC COM 437076102 502 7320 SH SOLE 0 320 7000
INGERSOLL-RAND COMPANY COM 456866102 4623 84150 SH SOLE 0 83950 200
INTEL CORPORATION COM 458140100 5434 73123 SH SOLE 0 67173 5950
INTERNATIONAL BUSINESS MACHINES COM 459200101 7340 60662 SH SOLE 0 59512 1150
INTIMATE BRANDS INC CL A COM 461156101 273 7000 SH SOLE 0 0 7000
INVESTMENT TECHNOLOGY GROUP COM 46145F105 1624 70600 SH SOLE 0 70600
JOHNSON & JOHNSON COM COM 478160104 393 4280 SH SOLE 0 280 4000
KIMBERLY CLARK CORP COM 494368103 264 5000 SH SOLE 0 0 5000
KRONOS INC COM COM 501052104 1251 34100 SH SOLE 0 33838 263
MCI WORLDCOM INC COM COM 55268B106 8661 120503 SH SOLE 0 114728 5775
MDU RESOURCES GROUP INC COM 552690109 2660 118235 SH SOLE 0 117835 400
"MANITOWOC, INC." COM 563571108 1853 54287 SH SOLE 0 54025 263
MASCO CORPORATION COM 574599106 226 7300 SH SOLE 0 0 7300
MEDIAONE GROUP INC COM COM 58440J104 3086 45176 SH SOLE 0 44851 325
MEDTRONIC INC. COM 585055106 669 18808 SH SOLE 0 10808 8000
MERCK & CO COM 589331107 408 6292 SH SOLE 0 692 5600
MICROSOFT CORP COM 594918104 7342 81076 SH SOLE 0 75076 6000
MINEX RES INC COM 603470105 2 150000 SH SOLE 0 150000
MOBIL CORP COM 607059102 469 4660 SH SOLE 0 960 3700
MORGAN STANLEY DEAN WITTER & CO COM 617446448 4625 51860 SH SOLE 0 47960 3900
NCS HEALTHCARE INC CL A COM 628874109 165 63000 SH SOLE 0 63000
NEWMONT MINING CORP COM 651639106 2035 78630 SH SOLE 0 78355 275
NOKIA CORP ADR COM 654902204 11612 129200 SH SOLE 0 120950 8250
NOBLE DRILLING CORP COM 655042109 4624 211375 SH SOLE 0 210700 675
NORTH STAR INTL COM 662572106 0 38600 SH SOLE 0 38600
NORTHERN STATES POWER CO MN COM 665772109 222 10293 SH SOLE 0 10293
ORACLE CORPORATION COM 68389X105 237 5200 SH SOLE 0 200 5000
PEPSICO INC COM COM 713448108 3553 116504 SH SOLE 0 115149 1355
PFIZER INC COM 717081103 602 16784 SH SOLE 0 3784 13000
PHARMACIA & UPJOHN INC COM 716941109 3694 74440 SH SOLE 0 74440
PROCTOR & GAMBLE CO COM 742718109 358 3820 SH SOLE 0 820 3000
RAYTHEON CO CL B COM 755111408 4695 94615 SH SOLE 0 93265 1350
RITE AID CORP COM 767754104 1407 101900 SH SOLE 0 99600 2300
ROCKFORD TECHNOLOGY CORP COM 77340D108 0 18000 SH SOLE 0 18000
SBC COMMUNICATIONS INC. COM 78387G103 5010 98111 SH SOLE 0 96211 1900
ST PAUL CAPITAL LLC CONV PFD PFD 792856205 820 15000 SH SOLE 0 13400 1600
SARA LEE CORP COM 803111103 332 14200 SH SOLE 0 1200 13000
CHARLES SCHWAB CORP COM 808513105 214 6392 SH SOLE 0 392 6000
STERLING COMM INC COM 859205106 2040 109875 SH SOLE 0 109875
TELLABS INC COM 879664100 4975 87370 SH SOLE 0 86970 400
TESORO PETROLEUM CORP. COM 881609101 3548 215025 SH SOLE 0 214275 750
TEXTRON COM 883203101 3731 48216 SH SOLE 0 48016 200
TOSCO CORP COM - NEW COM 891490302 2825 111875 SH SOLE 0 110225 1650
TOTALRENAL CARE HLDGS COM 89151A107 74 10000 SH SOLE 0 9325 675
US BANCORP DEL COM 902973106 309 10243 SH SOLE 0 10243
UNILEVER NV N Y COM 910581107 4000 58710 SH SOLE 0 58441 269
UNIVERSAL HEALTH SVCS INC CL B COM 913903100 1588 61375 SH SOLE 0 61125 250
VEBA AG SPON ADR COM 92239H102 3277 57750 SH SOLE 0 57465 285
WAL MART STORES INC COM 931142103 6037 126923 SH SOLE 0 125523 1400
WELLS FARGO & CO COM 949746101 365 9200 SH SOLE 0 800 8400
</TABLE>
