UNITED STATES
SECURITIES AND EXCHANGE COMMISSSION
WASHINGTON, DC 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 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, November 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: 31
Form 13F Information Table Value Total: $548,835
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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 12839 348765 SH SOLE 348765
American Power Conversion COM 029066107 15880 668650 SH SOLE 668650
Automatic Data Processing COM 053015103 14422 306038 SH SOLE 306038
BP Amoco SPONSERED ADR 055622104 356 6573 SH SOLE 6573
Bristol-Myers Squibb COM 110122108 641 8425 SH SOLE 6425
Cisco Systems COM 17275R102 75092 1050239 SH SOLE 1050239
Coca-Cola Co COM 191216100 266 4688 SH SOLE 4688
Walt Disney Co COM 254687106 212 7900 SH SOLE 7900
EMC Corp COM 268648102 20505 273404 SH SOLE 273404
First Data Corp COM 319963104 16331 370625 SH SOLE 370625
General Electric COM 369604103 28792 219159 SH SOLE 219159
Harley-Davidson COM 412822108 22509 388510 SH SOLE 388510
Home Depot COM 437076102 30649 407298 SH SOLE 407298
Hewlett-Packard COM 428236103 15420 210157 SH SOLE 210157
Intel Corp COM 458140100 51514 645938 SH SOLE 645938
Johnson & Johnson COM 478160104 19471 186773 SH SOLE 186773
Johnson Controls COM 478366107 254 4100 SH SOLE 4100
Leggett & Platt COM 524660107 8816 403006 SH SOLE 403006
McDonald's Corp COM 580135101 13661 325744 SH SOLE 325744
MCI Worldcom COM 55268B106 16227 194189 SH SOLE 194189
Merck & Company COM 589331107 24726 312490 SH SOLE 312490
Microsoft COM 594918104 61228 665517 SH SOLE 665517
Nike Inc COM 654106103 9414 187575 SH SOLE 187575
Pepsico Inc COM 713448108 9061 264560 SH SOLE 264560
Pfizer COM 717081103 487 12624 SH SOLE 12624
Procter & Gamble COM 742718109 240 2250 SH SOLE 2250
T Rowe Price & Assocs COM 741477103 25143 718375 SH SOLE 718375
Schering-Plough COM 806605101 291 5720 SH SOLE 5720
Charles Schwab & Co COM 808512105 15655 406613 SH SOLE 406613
Staples COM 855030102 10793 528096 SH SOLE 528096
Wal-Mart COM 931142103 27940 501169 SH SOLE 501169
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