SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 3-31-99
Check here if Amendment: ___; Amendment Number: ___
This Amendment (Check only one.) ___ is a restatement.
___ adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: McDonald Capital Investors, Inc.
Address: One Maritime Plaza, Suite 1300
San Francisco, CA 94111
Form 13F File Number: 28-6004
The institutional investment manager filing this report and the person by
whom it is signed hereby represent 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: Andrew J. McDonald
Title: President
Phone: 415-981-5401
Signature, Place and Date of Signing:
_________________________ San Francisco, CA 4-___-99
[Signature] [City, State] [Date]
Report Type (Check only one.):
XXX 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
___ 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting manager(s).)
___ 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: -0-
Form 13F Information Table Entry Total: 39
Form 13F Information Table Value Total: 197,048,886
List of Other Included Managers:
NONE
<PAGE>
<TABLE>
NAME OF ISSUER TITLE OF CUSIP VALUE SHARES INV OTH. VOTING
CLASS (x$1000) DISC MGRS AUTH
<C> <C>
AIRTOUCH COMMUNICATION COM 00949T100 734,350 7,600 SOLE SOLE
AMERICAN GENERAL COM 026351106 7,966,500 113,000 SOLE SOLE
ASCEND COMMUNICATION COM 043491109 1,004,250 12,000 SOLE SOLE
BALLARD MEDICAL COM 058566100 1,209,000 49,600 SOLE SOLE
BANDAG INC. COM 059815100 3,307,281 116,300 SOLE SOLE
BANDAG INC . CLA 059815308 3,748,937 157,850 SOLE SOLE
CBS CORPORATION COM 12490K107 12,551,558 307,542 SOLE SOLE
CAMPBELL SOUP CORP COM 134429109 6,009,544 147,700 SOLE SOLE
CHEVRON CORP COM 166751107 244,062 2,750 SOLE SOLE
CITIGROUP COM 172967101 257,544 4,032 SOLE SOLE
CLOROX CO. DEL. COM 189054109 6,543,164 55,835 SOLE SOLE
COLTEC INDUSTREIS COM 196878199 209,156 11,500 SOLE SOLE
CROMPTON & KNOWLES COM 227111101 12,180,514 773,366 SOLE SOLE
EXXON COM 302290101 870,036 12,330 SOLE SOLE
FEDERAL HOME LOAN MORT COM 313400301 20,815,900 363,200 SOLE SOLE
FEDERAL NATIONAL MORT COM 313586109 387,800 5,600 SOLE SOLE
GARTNER GROUP CLA 366651107 4,237,237 187,800 SOLE SOLE
GEOCITIES COM 37247V106 777,894 7,100 SOLE SOLE
HYPERION 1999 COM 448913103 106,575 14,700 SOLE SOLE
JOHN NUVEEN CO. CLA 478035108 8,050,469 192,250 SOLE SOLE
LIZ CLAIBORNE INC. COM 539320101 11,511,731 352,850 SOLE SOLE
MCDONALDS CORP. COM 580135101 5,614,219 123,900 SOLE SOLE
OLSTEN CORP. COM 681385100 3,961,237 640,200 SOLE SOLE
PROGRESSIVE CORP. COM 743315103 2,561,475 17,850 SOLE SOLE
QUALITY SEMICONDUCTOR COM 74758B104 159,669 43,300 SOLE SOLE
QUICKTURN DESIGNS COM 74838E102 755,687 53,500 SOLE SOLE
SCHERING PLOUGH COM 806605101 249,730 4,520 SOLE SOLE
SEALED AIR CORP. COM 81211K100 23,514,084 478,050 SOLE SOLE
SEALED AIR PREFERRED A PFDCV 81211K209 6,595,875 133,250 SOLE SOLE
STRYKER CORP. COM 863667101 3,833,250 76,000 SOLE SOLE
WELLS FARGO & CO. COM 949740104 24,667,871 703,540 SOLE SOLE
HEALTH CARE PROPERTIES SUBDEB 004708431 243,750 250,000 SOLE SOLE
6% DUE 00
IDTI SUBDEB 458118AA4 189,750 275,000 SOLE SOLE
5.5% DUE 02
OLSTEN CORP. SUBDEB 74763LAA3 465,437 550,000 SOLE SOLE
4.75% DUE 00
CYPRESS SEMICONDUCTOR SUBDEB 232806AB5 1,346,250 1,500,000 SOLE SOLE
6% DUE 02
CYPRESS SEMICONDUCTOR SUBDEB 232806AD1 8,221,100 9,160,000 SOLE SOLE
6% DUE 02
LAM RESEARCH SUBDEB 512807AB4 1,615,000 1,900,000 SOLE SOLE
5% DUE 02
LAM RESEARCH SUBDEB 512807AC2 9,826,000 11,560,000 SOLE SOLE
5% DUE 02
RICHEY ELECTRONICS SUBDEB 763302AA4 505,000 500,000 SOLE SOLE
7% DUE 06
</TABLE>
