THIS FILING LISTS SECURITIES HOLDINGS REPORTED ON THE FORM
13F FILED ON FEBRUARY 12, 1999 PURSUANT TO A REQUEST FOR
CONFIDENTIAL TREATMENT AND FOR WHICH CONFIDENTIAL TREATMENT
EXPIRED ON AUGUST 15, 1999.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 1998
Check here if Amendment [ X ]; Amendment Number: 1
This Amendment (Check only one.): [ ] is a restatement.
[ X ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Global Capital Management, Inc.
Address: 601 Carlson Parkway, Suite 200
Minnetonka, Minnesota 55305
Form 13F File Number: 28-7050
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: John D. Brandenborg
Title: President
Phone: (612) 476-7200
Signature, Place, and Date of Signing:
/s/ John D. Brandenborg Minnetonka, Minnesota November 9, 1999
------------------------
Report Type (Check only one.):
[ X ] 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).)
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 6
Form 13F Information Table Value Total: $21,396
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of
all institutional investment managers with respect to which this
report is filed, other than the manager filing this report.
No. Form 13F File Number Name
1 28-7048 EBF & Associates, L.P.
<PAGE>
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
<S> <C> <C> <C> <C> <C> <C> <C>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
------------ ------------ ------------ ----------- --------------- ------------ -------- ----------------
VOTING
AUTHORITY
TITLE OF VALUE SHRS/ SH/ PUT/ INVESTMENT OTHER (SOLE/SHARED/
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS NONE)
------------- ----------- --------- ---------- ---------------- ---------- -------- ---------------
-
AJL PEPS TR PEPS EXCH 9710104 4757 704700 PRN DEFINED 1 704700 SOLE
AJL
APP FIN VI LYONS NT ZER 00202NAA3 3281 23640000 PRN DEFINED 1 23640000 SOLE
MAURITIUS LTD
GST SSBDISC144AC 361942AA3 471 713000 PRN DEFINED 1 713000 SOLE
TELECOMMUNICA
TION
SOFTWARE NET SB NT CV 144A 83403EAA6 740 643000 PRN DEFINED 1 643000 SOLE
CORP
NORTEL SPONS ADR PF 656567401 10641 659900 SH DEFINED 1 659900 SOLE
INVERSORA S A
THERMOTREX COM 883666109 1506 175867 SH DEFINED 1 175867 SOLE
CORP
COLUMN TOTALS 6 DATA RECORDS 21396 1 OTHER MANAGER ON WHOSE BEHALF REPORT IS FILED
</TABLE>
