WEDGE Capital Management L.L.P.
2920 One First Union Center Charlotte NC 28202-6002
David A. Thompson (704) 334-6475 General Partner
The institutional investment manager submitting this form and
its attachments and the person by whom it is signed represent
hereby that all information contained herein is true, correct and
complete. It is understood that all required items, statements
and schedules are considered integral parts of this form and that
the submission of any amendment represents that all unamended
items, statements and schedules remain true , correct and
and complete as previously submitted.
Persuant to the requirements of Securities and Exchange Act
of 1934, the undersigned institutional investment manager
has caused this report to be signed on its behalf in the city
of Charlotte and State of North Carolina on the 7th day of May,
1999.
WEDGE Capital Management L.L.P.
David A. Thompson
<TABLE>
FORM 13F
<CAPTION>
REPORTING MANAGER : WEDGE CAPITAL MANAGEMENT L.L.P.
REPORTING DATE: MARCH 31, 1999
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K)SH/P AMTSH/PRN P/C INV DSC MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AK STL HLDG CORP COMMON 1547108 16405 727100 SH SOLE 0 727100 0
AMR CORP COMMON 1765106 88 1500 SH SOLE 0 1500 0
ARM FINL GROUP INC CL A 1944107 7206 482400 SH SOLE 0 482400 0
ABERCROMBIE & FITCH CO CL A 2896207 120 1300 SH SOLE 0 1300 0
ACX TECHNOLOGIES INC COMMON 5123104 8223 626500 SH SOLE 0 626500 0
ADOBE SYS INC COMMON 00724F101 187 3300 SH SOLE 0 3300 0
AFFILIATED COMPUTER SERV CL A 8190100 197 4300 SH SOLE 0 4300 0
AIR PRODS & CHEMS INC COMMON 9158106 38 1100 SH SOLE 0 1100 0
AKZO NOBEL NV DEPOSITORY RECEI 10199305 33 900 SH SOLE 0 900 0
ALCOA INC COMMON 13817101 22654 550014 SH SOLE 0 550014 0
ALLEGHENY ENERGY INC COMMON 17361106 171 5800 SH SOLE 0 5800 0
ALLEGHENY TELEDYNE INC COMMON 17415100 29247 1544400 SH SOLE 01544400 0
ALLMERICA FINL CORP COMMON 19754100 16476 299225 SH SOLE 0 299225 0
ALLSTATE CORP COMMON 20002101 211 5700 SH SOLE 0 5700 0
ALLTRISTA CORP COMMON 20040101 4921 252380 SH SOLE 0 252380 0
AMERICAN GREETINGS CORP CL A 26375105 8929 351900 SH SOLE 0 351900 0
AMERICAN MGMT SYS INC COMMON 27352103 198 5800 SH SOLE 0 5800 0
AMGEN INC COMMON 31162100 247 3300 SH SOLE 0 3300 0
APPLIED MATLS INC COMMON 38222105 197 3200 SH SOLE 0 3200 0
ARMSTRONG WORLD INDS INC COMMON 42476101 77 1700 SH SOLE 0 1700 0
ASA HLDGS INC COMMON 04338Q107 18184 540800 SH SOLE 0 540800 0
ASHLAND INC COMMON 44204105 434 10600 SH SOLE 0 10600 0
ASSOCIATED BANC CORP COMMON 45487105 8657 271076 SH SOLE 0 271076 0
ASSOCIATES FIRST CAP COR CL A 46008108 0 6 SH SOLE 0 6 0
AUTODESK INC COMMON 52769106 9717 240300 SH SOLE 0 240300 0
B B & T CORP COMMON 54937107 63 1730 SH SOLE 0 1730 0
BANK AMER CORP COMMON 60505104 72631 1028400 SH SOLE 01028400 0
BANK ONE CORP COMMON 06423A103 46291 840700 SH SOLE 0 840700 0
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BEMIS INC COMMON 81437105 28 900 SH SOLE 0 900 0
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BLOCK H & R INC COMMON 93671105 118 2500 SH SOLE 0 2500 0
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BURLINGTON COAT FACTRY COMMON 121579106 12798 1089200 SH SOLE 01089200 0
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CIT GROUP INC CL A 125577106 235 7700 SH SOLE 0 7700 0
CMS ENERGY CORP COMMON 125896100 15698 390022 SH SOLE 0 390022 0
CTB INTL CORP COMMON 125960104 22 3450 SH SOLE 0 3450 0
CSX CORP COMMON 126408103 113 2900 SH SOLE 0 2900 0
CADBURY SCHWEPPES PLC DEPOSITORY RECEI 127209302 215 3700 SH SOLE 0 3700 0
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CATELLUS DEV CORP COMMON 149111106 214 16000 SH SOLE 0 16000 0
CENTEX CORP COMMON 152312104 110 3300 SH SOLE 0 3300 0
CHARTER ONE FINL INC COMMON 160903100 196 6800 SH SOLE 0 6800 0
CHASE MANHATTAN CORP NEW COMMON 16161A108 38623 474625 SH SOLE 0 474625 0
CINERGY CORP COMMON 172474108 21086 766775 SH SOLE 0 766775 0
CIRCUIT CITY STORE/GRP CIRCT CITY GRP 172737108 130 1700 SH SOLE 0 1700 0
CLAIRE'S STORES INC COMMON 179584107 12866 427100 SH SOLE 0 427100 0
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COMMERCIAL INTERTECH COR COMMON 201709102 3085 277300 SH SOLE 0 277300 0
COMMONWEALTH INDS INC DE COMMON 203004106 23 2500 SH SOLE 0 2500 0
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CONSOLIDATED EDISON INC COMMON 209115104 168 3700 SH SOLE 0 3700 0
CONSOLIDATED PAPERS INC COMMON 209759109 33 1400 SH SOLE 0 1400 0
COOPER INDUSTRIES COMMON 216669101 77 1800 SH SOLE 0 1800 0
COORS ADOLPH CO CL B 217016104 211 3900 SH SOLE 0 3900 0
COSTCO COMPANIES INC COMMON 22160Q102 119 1300 SH SOLE 0 1300 0
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DARDEN RESTAURANTS INC COMMON 237194105 124 6000 SH SOLE 0 6000 0
DAYTON HUDSON CORP COMMON 239753106 113 1700 SH SOLE 0 1700 0
DELL COMPUTER CORP COMMON 247025109 172 4200 SH SOLE 0 4200 0
DELUXE CORP COMMON 248019101 70 2400 SH SOLE 0 2400 0
DENTSPLY INTL INC NEW COMMON 249030107 212 9100 SH SOLE 0 9100 0
DIME BANCORP INC NEW COMMON 25429Q102 209 9000 SH SOLE 0 9000 0
DOLE FOOD INC COMMON 256605106 42806 1426875 SH SOLE 01426875 0
DOW CHEMICAL COMPANY COMMON 260543103 37 400 SH SOLE 0 400 0
DUKE ENERGY CORP COMMON 264399106 54698 997907 SH SOLE 0 997907 0
DUKE REALTY INVT INC COM NEW 264411505 9393 436900 SH SOLE 0 436900 0
DYNEGY INC COMMON 26816L102 16151 1148550 SH SOLE 01148550 0
E M C CORP MASS COMMON 268648102 217 1700 SH SOLE 0 1700 0
ENI S P A DEPOSITORY RECEI 26874R108 492 7800 SH SOLE 0 7800 0
EARTHGRAINS COMPANY COMMON 270319106 237 10700 SH SOLE 0 10700 0
EASTMAN CHEMICAL CO COMMON 277432100 34 800 SH SOLE 0 800 0
EATON CORP COMMON 278058102 93 1300 SH SOLE 0 1300 0
EDISON INTL COMMON 281020107 165 7400 SH SOLE 0 7400 0
EDWARDS AG INC COMMON 281760108 209 6400 SH SOLE 0 6400 0
EL PASO ENERGY CORP DEL COMMON 283905107 15870 485500 SH SOLE 0 485500 0
ELCOR CORP COMMON 284443108 12638 359150 SH SOLE 0 359150 0
ENERGY EAST CORP COMMON 29266M109 158 3000 SH SOLE 0 3000 0
ENRON CORP COMMON 293561106 69710 1084975 SH SOLE 01084975 0
ENRON OIL & GAS CO COMMON 293562104 16317 981500 SH SOLE 0 981500 0
EVEREST REINS HLDGS INC COMMON 299808105 190 6100 SH SOLE 0 6100 0
F M C CORP COM NEW 302491303 12729 257808 SH SOLE 0 257808 0
FPIC INS GROUP INC COMMON 302563101 11612 279800 SH SOLE 0 279800 0
FAMILY DLR STORES INC COMMON 307000109 124 5400 SH SOLE 0 5400 0
FIRST UN CORP COMMON 337358105 30614 572900 SH SOLE 0 572900 0
FIRSTENERGY CORP COMMON 337932107 179 6400 SH SOLE 0 6400 0
FLEETWOOD ENTERPRISES IN COMMON 339099103 8506 297163 SH SOLE 0 297163 0
FLORIDA PROGRESS CORP COMMON 341109106 162 4300 SH SOLE 0 4300 0
FORD MTR CO DEL COMMON 345370100 42187 744211 SH SOLE 0 744211 0
FORTUNE BRANDS INC COMMON 349631101 239 6200 SH SOLE 0 6200 0
GATX CORP COMMON 361448103 29617 899175 SH SOLE 0 899175 0
GPU INC COMMON 36225X100 168 4500 SH SOLE 0 4500 0
GABLES RESIDENTIAL TR SH BEN INT 362418105 7582 345600 SH SOLE 0 345600 0
GALLAHER GROUP PLC DEPOSITORY RECEI 363595109 219 9300 SH SOLE 0 9300 0
GATEWAY 2000 INC COMMON 367833100 171 2500 SH SOLE 0 2500 0
GENERAL DYNAMICS CORP COMMON 369550108 193 3000 SH SOLE 0 3000 0
GENERAL MTRS CORP COMMON 370442105 113 1300 SH SOLE 0 1300 0
GLOBAL INDUSTRIES LTD COMMON 379336100 205 20200 SH SOLE 0 20200 0
GOLDEN WEST FINL CORP DE COMMON 381317106 220 2300 SH SOLE 0 2300 0
GOODYEAR TIRE & RUBR CO COMMON 382550101 31403 630425 SH SOLE 0 630425 0
GRACO INC COMMON 384109104 8267 374698 SH SOLE 0 374698 0
GREAT LAKES CHEM CORP COMMON 390568103 29 800 SH SOLE 0 800 0
GRIFFON CORP COMMON 398433102 5343 777100 SH SOLE 0 777100 0
GTECH HOLDINGS CORP COMMON 400518106 4799 196900 SH SOLE 0 196900 0
GULFSTREAM AEROSPACE COMMON 402734107 182 4200 SH SOLE 0 4200 0
HARSCO CORP COMMON 415864107 73 2900 SH SOLE 0 2900 0
HELLER FINANCIAL INC CL A 423328103 223 9500 SH SOLE 0 9500 0
HEWLETT PACKARD CO COMMON 428236103 170 2500 SH SOLE 0 2500 0
HILLENBRAND INDS INC COMMON 431573104 254 5500 SH SOLE 0 5500 0
HOLOPHANE CORP COMMON 43645B106 7709 350400 SH SOLE 0 350400 0
HOME DEPOT INC COMMON 437076102 118 1900 SH SOLE 0 1900 0
HORMEL FOODS CORP COMMON 440452100 10559 296400 SH SOLE 0 296400 0
HUSSMANN INTL INC COMMON 448110106 7220 491600 SH SOLE 0 491600 0
IBP INC COMMON 449223106 210 11300 SH SOLE 0 11300 0
IMC GLOBAL INC COMMON 449669100 44646 2184495 SH SOLE 02184495 0
IDACORP INC COMMON 451107106 14667 498250 SH SOLE 0 498250 0
INTEL CORP COMMON 458140100 202 1700 SH SOLE 0 1700 0
INTERNATIONAL HOME FOODS COMMON 459655106 244 15200 SH SOLE 0 15200 0
INTERSTATE BAKERIES CORP COMMON 46072H108 13647 632900 SH SOLE 0 632900 0
INTIMATE BRANDS INC CL A 461156101 140 2900 SH SOLE 0 2900 0
JACOBS ENGR GROUP INC DE COMMON 469814107 9426 239000 SH SOLE 0 239000 0
JOHNSON CTLS INC COMMON 478366107 87 1400 SH SOLE 0 1400 0
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KIMBERLY CLARK CORP COMMON 494368103 48921 1020525 SH SOLE 01020525 0
KONINKLIJKE PHILIPS ELEC DEPOSITORY RECEI 500472105 43939 533000 SH SOLE 0 533000 0
LNR PPTY CORP COMMON 501940100 4783 242200 SH SOLE 0 242200 0
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LEAR CORP COMMON 521865105 10808 253200 SH SOLE 0 253200 0
LEE ENTERPRISES INC COMMON 523768109 9229 318250 SH SOLE 0 318250 0
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LEXMARK INTL GROUP INC CL A 529771107 35750 319550 SH SOLE 0 319550 0
LIBBEY INC COMMON 529898108 8465 273050 SH SOLE 0 273050 0
LIBERTY PPTY TR SH BEN INT 531172104 7568 364700 SH SOLE 0 364700 0
LINCARE HLDGS INC COMMON 532791100 315 11200 SH SOLE 0 11200 0
LITTON INDS INC COMMON 538021106 197 3400 SH SOLE 0 3400 0
LUBRIZOL CORP COMMON 549271104 38 1700 SH SOLE 0 1700 0
LUCENT TECHNOLOGIES INC COMMON 549463107 92 1700 SH SOLE 0 1700 0
MDU RES GROUP INC COMMON 552690109 183 8000 SH SOLE 0 8000 0
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MARSHALL INDS COMMON 572393106 50 3700 SH SOLE 0 3700 0
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PHELPS DODGE CORP COMMON 717265102 39 800 SH SOLE 0 800 0
PHILIP MORRIS COS INC COMMON 718154107 28903 821400 SH SOLE 0 821400 0
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PRAXAIR INC COMMON 74005P104 32 900 SH SOLE 0 900 0
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ROHM & HAAS CO COMMON 775371107 37 1100 SH SOLE 0 1100 0
RUSS BERRIE & CO COMMON 782233100 12136 467900 SH SOLE 0 467900 0
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