UNITED STATES
SECURITIES AND EXCHANGE COMMISSSION
WASHINGTON, DC 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 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, August 5, 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: 32
Form 13F Information Table Value Total: $459,472
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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 13642 300640 SH SOLE 300640
American Power Conversion COM 029066107 11348 563900 SH SOLE 563900
Ameritech COM 030954101 206 2800 SH SOLE 2800
Automatic Data Processing COM 053015103 9843 223700 SH SOLE 223700
BP Amoco SPONSERED ADR 055622104 340 3138 SH SOLE 3138
BestFoods COM 08658U101 227 4600 SH SOLE 4600
Bristol-Myers Squibb COM 110122108 394 5600 SH SOLE 5600
Cisco Systems COM 17275R102 61234 950278 SH SOLE 950278
Coca-Cola Co COM 191216100 291 4688 SH SOLE 4688
Walt Disney Co COM 254687106 6111 198325 SH SOLE 198325
EMC Corp COM 268648102 10423 189500 SH SOLE 189500
First Data Corp COM 319963104 15342 313500 SH SOLE 313500
General Electric COM 369604103 21815 193050 SH SOLE 193050
Harley-Davidson COM 412822108 18239 335435 SH SOLE 335435
Home Depot COM 437076102 22717 352550 SH SOLE 352550
Hewlett-Packard COM 428236103 18572 184794 SH SOLE 184794
Intel Corp COM 458140100 33978 571062 SH SOLE 571062
Johnson & Johnson COM 478160104 16019 163460 SH SOLE 163460
Johnson Controls COM 478366107 284 4100 SH SOLE 4100
Leggett & Platt COM 524660107 9275 333500 SH SOLE 333500
McDonald's Corp COM 580135101 11739 285444 SH SOLE 285444
MCI Worldcom COM 55268B106 9867 114650 SH SOLE 114650
Merck & Company COM 589331107 19839 269456 SH SOLE 269456
Microsoft COM 594918104 54278 601834 SH SOLE 601834
Nike Inc COM 654106103 9864 155650 SH SOLE 155650
Pepsico Inc COM 713448108 9386 242610 SH SOLE 242610
Pfizer COM 717081103 377 3458 SH SOLE 3458
T Rowe Price & Assocs COM 741477103 23762 619200 SH SOLE 619200
Schering-Plough COM 806605101 300 5720 SH SOLE 5720
Charles Schwab & Co COM 808512105 18967 174012 SH SOLE 174012
Staples COM 855030102 10408 336414 SH SOLE 336414
Wal-Mart COM 931142103 20385 422490 SH SOLE 422490
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