UNITED STATES
SECURITIES AND EXCHANGE COMMISSSION
WASHINGTON, DC 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 1999
Check here if Amendment: ( )
Institutional Investment Manager filing this Report:
Name: Sands Capital Management, Inc.
Address: 1100 North Glebe Road
Suite 1000
Arlington, VA 22201
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: Frank M. Sands
Title: President
Phone: 703-528-4000
Signature, Place and Date of Signing:
Frank M. Sands, Arlington, VA, May 4, 1999
Report Type: 13F HOLDING REPORT
List of other Managers Report for this Manager: NONE
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Managers: 0
Form 13F Information Table Entry Total: 27
Form 13F Information Table Value Total: $379,445
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<TABLE> <C> <C>
FORM 13F INFORMATION TABLE
Value Shares/ Sh/ Invstmt Other Voting Authority
Name of Issuer Title of Class CUSIP (x 1000) Prn Amt Prn Dscretn Managers Sole Shared None
Abbott Laboratories COM 002824100 12426 265440 SH SOLE 265440
American Power Conversion COM 029066107 6238 231050 SH SOLE 231050
BP Amoco SPONSERED ADR 055622104 321 3000 SH SOLE 3000
BestFoods COM 08658U101 287 6100 SH SOLE 6100
Bristol-Myers Squibb COM 110122108 359 5600 SH SOLE 5600
Cisco Systems COM 17275R102 49312 450085 SH SOLE 450085
Coca-Cola Co COM 191216100 294 4788 SH SOLE 4788
Walt Disney Co COM 254687106 6095 195825 SH SOLE 195825
EMC Corp COM 268648102 383 3000 SH SOLE 3000
First Data Corp COM 319963104 11534 269800 SH SOLE 269800
General Electric COM 369604103 18973 171506 SH SOLE 171506
Harley-Davidson COM 412822108 16836 293435 SH SOLE 293435
Home Depot COM 437076102 19724 316850 SH SOLE 316850
Hewlett-Packard COM 428236103 11972 176544 SH SOLE 176544
Intel Corp COM 458140100 30430 255981 SH SOLE 255981
Johnson & Johnson COM 478160104 14156 151410 SH SOLE 151410
Johnson Controls COM 478366107 256 4100 SH SOLE 4100
Leggett & Platt COM 524660107 5690 284500 SH SOLE 284500
McDonald's Corp COM 580135101 12100 267044 SH SOLE 267044
Merck & Company COM 589331107 19803 247156 SH SOLE 247156
Microsoft COM 594918104 52199 582414 SH SOLE 582414
Nike Inc COM 654106103 7860 136250 SH SOLE 136250
Pepsico Inc COM 713448108 8579 218910 SH SOLE 218910
T Rowe Price & Assocs COM 741477103 18865 548800 SH SOLE 548800
Schering-Plough COM 806605101 316 5720 SH SOLE 5720
Charles Schwab & Co COM 808512105 37122 386187 SH SOLE 386187
Wal-Mart COM 931142103 17315 187825 SH SOLE 187825
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