UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 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: Windham Capital Management
Address: 780 Third Avenue
New York, NY 10017
Form 13F File Number: 28-5606
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: Neil M. McCarthy
Title: Managing Partner
Phone: 212-371-6262
Signature, Place, and Date of Signing:
Neil M. McCarthy New York, New York May 15, 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.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 80
Form 13F Information Table Value Total:
List of Other Included Managers:
None
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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/PUT/INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS--CUSIP-- (X$100PRN AMT PRNCALLDSCRETN -MANAGERS- SOLE SHARED NONE
3COM COM 885535104 1382 59300SH SOLE 28400 0 30900
AMR COM 001765106 1623 27700SH SOLE 13300 0 14400
AT&T COM 001957109 4765 59700SH SOLE 30400 0 29300
ALLSTATE COM 020002101 3210 86600SH SOLE 44600 0 42000
AMERICAN EXPRESS COM 025816109 4062 34500SH SOLE 18600 0 15900
AMERICAN HOME PROD COM 026609107 2258 34600SH SOLE 17700 0 16900
AMERICAN INTERNATIONAL COM 026874107 4635 38425SH SOLE 20250 0 18175
AMERICAN ON-LINE COM 02364J104 5439 37000SH SOLE 20600 0 16400
AVERY DENISON COM 053611109 2231 38800SH SOLE 18700 0 20100
AVON PRODUCTS COM 054303102 2019 42900SH SOLE 20100 0 22800
BANC ONE COM 06423A103 3072 55800SH SOLE 26300 0 29500
BANK OF AMERICA COM 060505104 3856 54600SH SOLE 26800 0 27800
BANK BOSTON COM 06605R106 2963 68400SH SOLE 31900 0 36500
BELL ATLANTIC COM 077853109 3298 63800SH SOLE 30600 0 33200
BELLSOUTH COM 079860102 3373 84200SH SOLE 40000 0 44200
BOEING COM 097023105 2254 66300SH SOLE 36400 0 29900
BRISTOL MYERS SQUIBB COM 110122108 3758 58600SH SOLE 28000 0 30600
CBS COM 12490K107 3020 74000SH SOLE 35100 0 38900
COMPAQ COM 204493100 1781 56200SH SOLE 28100 0 28100
CATERPILLAR COM 149123101 2026 44100SH SOLE 20600 0 23500
CHARLES SCWAB COM 808513105 5272 54850SH SOLE 29650 0 25200
CHASE MANHATTAN BANK COM 16161A108 2897 35600SH SOLE 17100 0 18500
CISCO SYSTEMS COM 17275R102 5905 53900SH SOLE 29350 0 24550
CITIGROUP COM 172967101 8074 126263SH SOLE 44463 0 81800
CLOROX COM 189054109 1758 15000SH SOLE 6900 0 8100
COCA COLA COM 191216100 4474 72900SH SOLE 36200 0 36700
COLGATE PALMOLIVE COM 194162103 1914 20800SH SOLE 9700 0 11100
DAYTON HUDSON COM 239753106 3005 45100SH SOLE 21200 0 23900
DELL COMPUTERS COM 247025109 3711 90800SH SOLE 49400 0 41400
DELTA AIRLINES COM 247361108 1682 24200SH SOLE 11600 0 12600
DISNEY (WALT) COM 254687106 3025 97200SH SOLE 49600 0 47600
DU PONT COM 263534109 4323 74390SH SOLE 31890 0 42500
EMC COM 268648102 2491 19500SH SOLE 9400 0 10100
EXXON COM 302290101 5730 81200SH SOLE 41300 0 39900
FORD MOTOR COM 345370100 2896 51080SH SOLE 23380 0 27700
GAP COM 364760108 3046 45250SH SOLE 21450 0 23800
GATEWAY COM 367833100 2557 37300SH SOLE 21600 0 15700
GENERAL ELECTRIC COM 369604103 13773 124520SH SOLE 57020 0 67500
GENERAL MOTORS COM 370442105 2610 30000SH SOLE 14500 0 15500
GILLETTE COM 375766102 2378 40000SH SOLE 21100 0 18900
HALLIBURTON COM 406216101 2653 68900SH SOLE 32500 0 36400
HEWLETT-PACKARD COM 428236103 2089 30800SH SOLE 14000 0 16800
HOME DEPOT COM 437076102 3523 56600SH SOLE 31400 0 25200
INTEL COM 458140100 9758 82880SH SOLE 29780 0 53100
ITERNATIONAL BUS. MACHNE COM 459200101 5743 32400SH SOLE 16900 0 15500
JOHNSON & JOHNSON COM 478160104 3450 36900SH SOLE 19200 0 17700
LILLY (ELI) COM 532457108 3395 40000SH SOLE 21200 0 18800
LUCENT COM 549463107 5034 46611SH SOLE 25291 0 21320
MCI WORLDCOM COM 55268B106 7165 80910SH SOLE 32510 0 48400
MATTEL COM 577081102 2005 80400SH SOLE 41000 0 39400
MCDONALD'S COM 580135101 3616 79800SH SOLE 44000 0 35800
MERCK COM 589331107 6298 78602SH SOLE 39802 0 38800
MERRILL LYNCH COM 590188108 4337 49000SH SOLE 25700 0 23300
MICRON COM 595112103 1614 33500SH SOLE 16100 0 17400
MICROSOFT COM 594918104 13946 155600SH SOLE 79600 0 76000
MONSANTO COM 611662107 2697 58700SH SOLE 30600 0 28100
MORGAN J.P. COM 616880100 3010 24400SH SOLE 12000 0 12400
MORGAN STANLEY COM 617446448 3308 33100SH SOLE 15800 0 17300
NIKE COM 654106103 6638 114880SH SOLE 26880 0 88000
ORACLE SYSTEMS COM 68389X105 1525 57824SH SOLE 27524 0 30300
PEPSICO COM 713448108 1952 49800SH SOLE 21200 0 28600
PFIZER COM 717081103 5855 42200SH SOLE 21300 0 20900
PHILIP MORRIS COM 718154107 2864 81400SH SOLE 40100 0 41300
PROCTER & GAMBLE COM 742718109 4525 46200SH SOLE 24400 0 21800
ROYAL DUTCH PETROLEUM COM 780257804 3791 72900SH SOLE 38400 0 34500
SBC COMMUNICATIONS COM 78387G103 3718 78800SH SOLE 37500 0 41300
SCHERING-PLOUGH COM 806605101 2061 37300SH SOLE 18100 0 19200
SCHLUMBERGER COM 806857108 3820 63460SH SOLE 25360 0 38100
SPRINT COM 852061100 5044 51400SH SOLE 26700 0 24700
SUN MICROSYSTEMS COM 866810104 2776 22200SH SOLE 10400 0 11800
TJX COMPANIES COM 872540109 3448 101400SH SOLE 47900 0 53500
TEXACO COM 881694103 2270 40000SH SOLE 19300 0 20700
TEXAS INSTRUMENTS COM 882508104 2322 23400SH SOLE 11000 0 12400
TIME WARNER COM 887315109 6129 86510SH SOLE 30810 0 55700
TYCO INTERNATIONAL COM 902124106 2274 31700SH SOLE 17400 0 14300
UNITED TECHNOLOGIES COM 913017109 2262 16700SH SOLE 7900 0 8800
WAL-MART STORES COM 931142103 6416 69600SH SOLE 33300 0 36300
WALGREEN COM 931422109 3048 107900SH SOLE 56800 0 51100
WARNER-LAMBERT COM 934488107 1676 25300SH SOLE 12900 0 12400
WRIGLEY (WM) JR. COM 982526105 1655 18300SH SOLE 8500 0 9800
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