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 her is Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings
entries.
Institutional Investment Manger Filing this Report:
Name: Vaughan Nelson Scarborough & McCullough, LP
Address: 6300 Chase Tower
Houston, Texas 77002
13F File Number: 28-5840
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, tables, are considered
integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Lee A. Lahourcade
Title: President
Phone: 713-224-2545
Signature, Place and Date of Signing:
Houston, Texas June 18, 1999
Report Type (Check only one.):
[ x ] 13F Holdings Report.
[ ] 13F Notice
[ ] 13F Combination Report.
List of Other Managers Reporting for this Manager:
1. MetLife New England Holdings, Inc. 28-5952
2. Metropolitan Life Insurance Co. 28-3714
3. New England Investment Companies, LP 28-1447
I am signing this report as required by the Securities and
Exchange Act of 1934.
FORM 13F
31-Mar-99
ITEM 1 ITEM 2ITEM 3 ITEM 4 ITEM 5ITEM 6 ITEM 7ITEM 8
Title Investment Voting
of Discretion Shared Authority
<TABLE>
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> > >
Security Class CUSIP Market QuantiSole (Share(Other ManageSole (Share(None(C)
abbotT LABS COM 00282412459481525390 5253901,2 an451390 74000
AIRTOUCH COMMUNICATIOCOM 00949T1 618400 6400 64001,2 an 6400
ALCATEL ALSTHOM SPONSCOM 0139043 798438 35000 350001,2 an 35000
ALLIEDSIGNAL INC COM 01951212745449558160 5581601,2 an465120 93040
AMAZON COM INC COM COM 02313512324531 13500 135001,2 an 13500
AMERICA ONLINE INC DECOM 02364J18650950 58850 588501,2 an 47650 11200
AMERICAN EXPRESS CO CCOM 02581611926095163575 1635751,2 an134625 28950
AMERICAN GENERAL CORPCOM 02635113969425563039 5630391,2 an462171 100868
AMERICAN HOME PRODS CCOM 02660911649683252825 2528251,2 an207425 45400
AMERICAN INTL GROUP COM 02687416259026518883 5188831,2 an409181 109702
AMGEN INC COM 03116212740425 36600 366001,2 an 36600
APPLIED MATLS INC COMCOM 0382221 680105 11025 110251,2 an 11025
ASSOCIATES FIRST CAP COM 04600812245693499043 4990431,2 an405325 93718
AT HOME CORP COM SER COM 04591912992500 19000 190001,2 an 19000
AT&T COM 00195712317536 29037 290371,2 an 24449 4588
AT&T CORP COM LIB GRPCOM 0019572 525898 10000 100001,2 an 10000
ATMI INC COM COM 00207R1 278000 13900 139001,2 an 13900
AVERY DENNISON COM 05361115008251 87100 871001,2 an 41700 45400
AXENT TECHNOLOGIES INCOM 05459C1 476438 19800 198001,2 an 19800
BAAN CO NV COM COM N080441 381563 44400 444001,2 an 44400
BANC ONE CORP COM 06423A14900237 88994 889941,2 an 79958 9036
BANK OF AMERICA CORPOCOM 06050516278916 88905 889051,2 an 46263 42642
BAXTER INTERNATIONAL COM 07181311933800 29300 293001,2 an 29300
BELL ATLANTIC CORP COM 07785312618747 50665 506651,2 an 45683 4982
BEYOND.COM CORPORATIOCOM 08860E1 665163 25400 254001,2 an 25400
BMC SOFTWARE INC COM COM 05592111030338 27800 278001,2 an 27800
BOEING CO COM COM 0970231 715530 21045 210451,2 an 21045
BP AMOCO P L C SPONSOCOM 05562211068361105778 1057781,2 an100354 5424
BRISTOL MYERS COM 11012212004066312525 3125251,2 an232225 80300
BRITISH SKY BROADCSTNCOM 1110131 358750 7000 70001,2 an 7000
BROADCAST COM INC COMCOM 11131011701900 14400 144001,2 an 14400
BROADCOM CORP CL A COM 1113201 961350 15600 156001,2 an 15600
BROWN FORMAN CORP CL COM 11563722426013 42100 421001,2 an 37900 4200
BURLINGTON NORTHN INCCOM 12189T1 882036 26830 268301,2 an 6230 20600
CABLE & WIRELESS PLC COM 1268302 369375 10000 100001,2 an 10000
CBT GROUP PUB LTD SPOCOM 1248531 404888 35400 354001,2 an 35400
CENTRAL EUROPEAN MEDICOM G200451 611563 47500 475001,2 an 47500
CHANCELLOR MEDIA CORPCOM 1589151 565500 12000 120001,2 an 12000
CHASE MANHATTAN NEW CCOM 16161A13053718375265 3752651,2 an325865 49400
CHECKFREE CORP COM COM 1628121 297938 7000 70001,2 an 7000
CHEVRON CORPORATION COM 1667511 613618 6914 69141,2 an 6914
CHUBB CORP COM COM 1712321 907719 15500 155001,2 an 15500
CISCO SYS INC COM 17275R12972781271332 2713321,2 an204750 66582
CITIGROUP INC COM COM 17296714631953725159 7251591,2 an583709 141450
CITRIX SYS INC COM COM 1773761 579500 15200 152001,2 an 15200
CLOROX CO DEL COM COM 18905411143750 9760 97601,2 an 0 9760
COCA COLA COM 19121612057050335161 3351611,2 an217041 118120
COLGATE PALM. COM 19416212143600 23300 233001,2 an 1200 22100
COLUMBIA/HCA HLTHCARECOM 1976771 757500 40000 400001,2 an 0 40000
COMCAST CORP CL A COM 2003001 615000 10000 100001,2 an 10000
COMPAQ COMPUTER CORP COM 20449312727577860774 8607741,2 an708165 152609
COX COMMUNICATIONS NECOM 22404411361250 18000 180001,2 an 18000
DATA BROADCASTING CORCOM 2375961 832500 60000 600001,2 an 60000
DELL COMPUTER CORP COCOM 24702514283700104800 1048001,2 an104800
DEUTSCHE TELEKOM AG SCOM 2515661 687438 17000 170001,2 an 17000
DOUBLECLICK INC COM COM 25860932548875 14000 140001,2 an 14000
DU PONT E I DE NEMOURCOM 26353411790653308401 3084011,2 an216575 91826
DUKE ENERGY COM 26439918706582158843 1588431,2 an145843 13000
DUN & BRADSTREET CORPCOM 26483B11923750 54000 540001,2 an 54000
E M C CORP MASS COM COM 26864811277500 10000 100001,2 an 10000
E TRADE GROUP INC COMCOM 2692461 874688 15000 150001,2 an 15000
EARTHLINK NETWORK INCCOM 2703221 588000 9800 98001,2 an 9800
EARTHWEB INC COM COM 27032C1 904406 16500 165001,2 an 16500
EASTMAN KODAK COM 27746112765788 43300 433001,2 an 37800 5500
EBAY INC COM COM 2786421 755219 5500 55001,2 an 5500
EL PASO ENERGY CORP COM 28390511218766372854 3728541,2 an310544 62310
ELECTROGLAS INC COM COM 2853241 401700 31200 312001,2 an 31200
ELECTRONIC ARTS INC COM 2855121 831250 17500 175001,2 an 9000 8500
ELECTRONIC DATA SYS NCOM 28566117120060146240 1462401,2 an140340 5900
EMERSON ELEC CO COM 2910111 976697 18450 184501,2 an 18450
ENERGIS PLC SPONSOREDCOM 29266H1 804000 6000 60001,2 an 6000
ENRON OIL & GAS CO COM 29356213154178189725 1897251,2 an189725
EQUITABLE RES INC COMCOM 2945491 909581 34900 349001,2 an 34900
ERICSSON L M TEL CO ACOM 2948214 666750 28000 280001,2 an 28000
EXCITE INC COM COM 3009041 280000 2000 20001,2 an 2000
EXECUTIVE RISK INC COCOM 30158611171500 16500 165001,2 an 16500
EXXON CORP COM 30229018682998123054 1230541,2 an 52554 70500
FANNIE MAE COM 31358616441143930129 9301291,2 an746665 183464
FIRST DATA CORP COM COM 31996311519677355480 3554801,2 an290680 64800
FIRST UN CORP COM 33735811254713 23480 234801,2 an 23480
FRANCE TELECOM SPONSOCOM 35177Q1 645500 8000 80001,2 an 8000
FREDDIE MAC COM 31340031176711205315 2053151,2 an205315
FREEPORT-MCMORAN COP&COM 35671D8 120810 11109 111091,2 an 11109
GATEWAY 2000 INC COM COM 3678331 678769 9900 99001,2 an 9900
GATX CORP COM COM 36144811156106 35100 351001,2 an 35100
GEMSTAR INTL GROUP LTCOM G3788V1 903000 12000 120001,2 an 12000
GENCORP INC COM COM 36868216402420355690 3556901,2 an267340 88350
GENERAL DYNAMICS CORPCOM 36955013276750 51000 510001,2 an 45000 6000
GENERAL ELECTRIC COM 36960416662103602224 6022241,2 an461416 140808
GENERAL INSTR CORP DECOM 3701201 303125 10000 100001,2 an 10000
GENERAL MTRS CORP COM 37044211684842193660 1936601,2 an159825 33835
GEOCITIES COM COM 37247V11479094 13500 135001,2 an 13500
GILLETTE COM 37576614324761727615 7276151,2 an579655 147960
GTE CORP COM COM 36232011019031168435 1684351,2 an150335 18100
HEALTHEON CORP COM COM 42220911042016 24500 245001,2 an 24500
HEINZ H J COM 42307412558250 54000 540001,2 an 48600 5400
HEWLETT PACKARD CO COM 42823611827885269550 2695501,2 an206050 63500
HOME DEPOT INC COM 43707612848606457607 4576071,2 an387607 70000
HSB GROUP INC COM COM 40428N11286381 34650 346501,2 an 34650
IBM COM 45920014684717264300 2643001,2 an232100 32200
ICG COMMUNICATIONS INCOM 4492461 344000 17200 172001,2 an 17200
INFOSEEK CORP COM COM 45678m11332000 18000 180001,2 an 18000
INFOSPACE COM INC COMCOM 45678T11772500 20000 200001,2 an 20000
INKTOMI CORP COM COM 4572771 857500 10000 100001,2 an 10000
INTEL COM 45814015406791454830 4548301,2 an422630 32200
INTERMEDIA COMMUNICATCOM 4588011 612375 23000 230001,2 an 23000
INTERNATIONAL FLAV&FRCOM 45950611374788 36600 366001,2 an 36600
INTERPUBLIC GROUP COSCOM 46069011232372 15825 158251,2 an 0 15825
INTUIT COM COM 4612021 407000 4000 40001,2 an 4000
IVILLAGE INC COM COM 46588H1 201000 2000 20001,2 an 2000
IXC COMMUNICATIONS INCOM 4507131 252313 5500 55001,2 an 5500
IXOS SOFTWARE AG SPN COM 46600V1 505000 10000 100001,2 an 10000
JOHNSON & JOHNSON COM 47816012178550233000 2330001,2 an172000 61000
LEHMAN BROS HLDGS INCCOM 52490811983096331899 3318991,2 an249259 82640
LORAL SPACE & COMMNCTCOM G564621 245438 17000 170001,2 an 17000
LUCENT TECHNOLOGIES CCOM 54946312196342203365 2033651,2 an149305 54060
LYCOS INC COM COM 55081811979438 23000 230001,2 an 23000
MACROMEDIA INC COM COM 5561001 339844 7500 75001,2 an 7500
MARKETWATCH COM INC CCOM 5706191 295500 4000 40001,2 an 4000
MARSH & MCLENNAN COS COM 5717481 556875 7500 75001,2 an 3000 4500
MAXTOR CORP COM NEW COM 5777292 247188 35000 350001,2 an 35000
MBIA INC COM COM 55262C13807410 65645 656451,2 an 65645
MCDONALDS COM 58013513178644701494 7014941,2 an556334 145160
MCI WORLDCOM INC. COM 55268b15741507 64830 648301,2 an 43980 20850
MCKESSON HBOC INC COMCOM 58155Q15426372 82218 822181,2 an 82218
MEDTRONIC INC COM COM 58505512993594 41650 416501,2 an 15900 25750
MELLON BK CORP COM COM 58550913139076446050 4460501,2 an342350 103700
MERCK COM 58933115113617638205 6382051,2 an510205 128000
MERCURY INTERACTIVE CCOM 58940512493750 70000 700001,2 an 70000
MERRILL LYNCH & CO INCOM 59018817748175 87550 875501,2 an 84050 3500
MICRON TECHNOLOGY INCCOM 5951121 240938 5000 50001,2 an 5000
MICROSOFT CORP COM 59491812680325299060 2990601,2 an217820 81240
MICROSTRATEGY INC CL COM 5949721 317625 16500 165001,2 an 16500
MINDSPRING ENTERPRISECOM 60268311032750 12000 120001,2 an 12000
MOBIL CORP. COM 60705913944512 44824 448241,2 an 44824
MOTOROLA INC COM 62007611694829231376 2313761,2 an197476 33900
NETWORK SOLUTIONS INCCOM 64121Q12115000 20000 200001,2 an 20000
NETWORKS ASSOCS INC CCOM 6409381 245500 8000 80001,2 an 8000
NOKIA CORP SPONSORED COM 6549022 685300 4400 44001,2 an 4400
NORTHERN TELECOM LTD COM 66581511317050 21200 212001,2 an 21200
NORTHROP GRUMMAN CORPCOM 66680712616836437050 4370501,2 an437050
NOVELL INC COM 6700061 629688 25000 250001,2 an 25000
NVIDIA CORP COM COM 67066G1 422500 20000 200001,2 an 20000
OFFICE DEPOT INC COM 67622012692224719125 7191251,2 an719125
ONSALE INC COM COM 68283811184756 35300 353001,2 an 35300
ORACLE CORP COM COM 68389X14242036160835 1608351,2 an160835
PACIFIC INTERNET LTD COM Y6618312909375 50000 500001,2 an 50000
PEAPOD INC COM COM 7047181 388281 35500 355001,2 an 35500
PEGASUS SYSTEMS INC CCOM 7059061 319000 8000 80001,2 an 8000
PEPSICO COM 71344813672519937166 9371661,2 an937166
PFIZER INC COM 71708114155035299462 2994621,2 an299462
PHARMACIA & UPJOHN INCOM 71694111226417196620 1966201,2 an196620
PHILIP MORRIS COS INCCOM 71815417110514202075 2020751,2 an202075
PLATINUM TECH INTL INCOM 72764T1 892500 35000 350001,2 an 35000
PMC-SIERRA INC COM COM 69344F1 783063 11000 110001,2 an 11000
PPG INDS INC COM 6935061 220375 4300 43001,2 an 4300
PRICELINE COM INC COMCOM 7415031 953063 11500 115001,2 an 11500
PROCTER & GAMBLE COM 74271814485488457995 4579951,2 an457995
PT INDOSAT ADR COM 7156801 258750 20000 200001,2 an 20000
QUAKER OATS CO COM COM 74740212508675 40300 403001,2 an 40300
QUANTUM CORP COM COM 7479061 180000 10000 100001,2 an 10000
QWEST COMMUNICATIONS COM 7491211 648844 9000 90001,2 an 9000
RAMBUS INC DEL COM COM 7509171 334750 5200 52001,2 an 5200
REALNETWORKS INC COM COM 75605L11099688 9000 90001,2 an 9000
ROYAL DUTCH PETE CO NCOM 7802578 963040 18520 185201,2 an 18520
SAN JUAN BASIN RTY TRCOM 7982411 101250 15000 150001,2 an 15000
SAP AKTIENGESELLSCHAFCOM 8030542 984088 37400 374001,2 an 37400
SCANDINAVIAN BROADCASCOM L8137H1 803125 25000 250001,2 an 25000
SCHERING PLOUGH COM 80660515812300105200 1052001,2 an105200
SCHLUMBERGER COM 80685711950075324000 3240001,2 an324000
SCI SYS INC COM COM 7838901 237000 8000 80001,2 an 8000
SHELL TRANS&TRAD PLC COM 82270361707773420375 4203751,2 an420375
SIEBERT FINL CORP COMCOM 82617611023750 45000 450001,2 an 45000
SK TELECOM LTD SPONSOCOM 78440P1 365625 30000 300001,2 an 30000
SMITHKLINE BEECHAM PLCOM 83237833373906471875 4718751,2 an471875
SONY CORP ADR NEW COM 8356993 301331 3300 33001,2 an 3300
SPORTSLINE USA INC COCOM 84893411606000 35200 352001,2 an 35200
SPYGLASS INC COM COM 8521921 90000 10000 100001,2 an 10000
STATE STR CORP COM COM 85747717238000 88000 880001,2 an 88000
STMICROELECTRONICS N COM 8610121 582750 6000 60001,2 an 6000
SUN MICROSYSTEMS INC COM 86681013689344 29500 295001,2 an 29500
SYSCO CORP COM 87182911057394401860 4018601,2 an401860
TELE DANMARK A/S SPNSCOM 8792421 343000 7000 70001,2 an 7000
TELECOM ITALIA SPA SPCOM 87927W1 835000 8000 80001,2 an 8000
TELEFONICA DE ESPANA COM 8793822 772888 6050 60501,2 an 6050
TELEGLOBE INC COM COM 87941V1 788125 26000 260001,2 an 26000
TELEWEST COMMUNCTN PLCOM 87956P11167075 26600 266001,2 an 26600
TELLABS INC COM COM 8796641 586500 6000 60001,2 an 6000
TERADYNE INC COM COM 8807701 365569 6700 67001,2 an 6700
TEXACO INC COM 88169412695625 47500 475001,2 an 47500
TEXAS INSTRS INC COM 88250813286415331125 3311251,2 an331125
THEGLOBE COM INC COM COM 88335R1 886125 17000 170001,2 an 17000
TICKETMASTER ONLINE CCOM 88633P2 484200 14400 144001,2 an 14400
TIME WARNER COM 88731513281097463350 4633501,2 an463350
TRIBUNE CO NEW COM COM 8960471 392625 6000 60001,2 an 6000
U S WEST INC New Com COM 91273H12902730 52717 527171,2 an 52717
UBID INC COM COM 9034691 371925 5700 57001,2 an 5700
UNILEVER N V COM 90478476809844102500 1025001,2 an102500
UNION PLANTERS CORP CCOM 9080681 315208 7174 71741,2 an 7174
UNISYS CORP COM COM 90921412048875 74000 740001,2 an 74000
UNITED TECHNOLOGIES CCOM 91301713612118266700 2667001,2 an266700
USWEB CORP COM COM 91732712062500 50000 500001,2 an 50000
VERIO INC COM COM 9234331 461250 10000 100001,2 an 10000
VERISIGN INC COM COM 92343E11925000 12500 125001,2 an 12500
WAL MART STORES COM 93114212286250 24800 248001,2 an 24800
WALT DISNEY COM 25468713065628984941 9849411,2 an984941
WARNER LAMBERT CO COM 93448819182250138600 1386001,2 an138600
WATKINS JOHNSON CO COCOM 9424861 226250 10000 100001,2 an 10000
WEINGARTEN RLTY COM 94874113849648 97152 971521,2 an 97152
WESTERN DIGITAL CORP COM 9581021 302400 38400 384001,2 an 38400
WEYERHAEUSER CO COM 9621661 937950 16900 169001,2 an 16900
WILLAMETTE INDS INC CCOM 9691331 377500 10000 100001,2 an 10000
WIND RIVER SYSTEMS INCOM 9731491 427500 24000 240001,2 an 24000
XEROX CORP COM 98412111157070221980 2219801,2 an221980
XILINX INC COM COM 9839191 494863 12200 122001,2 an 12200
XOOM COM INC COM COM 98413F1 395669 5900 59001,2 an 5900
YAHOO INC COM COM 98433213199125 19000 190001,2 an 19000
Total 1721138030
</TABLE>
