THIS FILING LISTS SECURITIES HOLDINGS REPORTED ON THE FORM
13F FILED ON NOVEMBER 16, 1998 PURSUANT TO A REQUEST FOR
CONFIDENTIAL TREATMENT AND FOR WHICH CONFIDENTIAL TREATMENT
EXPIRED ON MAY 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: September 30, 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: 34
Form 13F Information Table Value Total: $117,732
(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>
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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)
------------- ----------- --------- ---------- ---------------- ---------- -------- ------------
ALTOS HORNOS SR NT CV 022069AA6 867 1900000 PRN DEFINED 1 1900000 SOLE
DE MEXICO 5.5%
APPLE SOUTH PFD CV A 37856309 2274 50000 PRN DEFINED 1 50000 SOLE
FING I $3.50
ATRIX LABS INC SB NT CV 04962LAA9 2320 2700000 PRN DEFINED 1 2700000 SOLE
144A
FUISZ SB DB CV 359536AA7 1469 2000000 PRN DEFINED 1 2000000 SOLE
TECHNOLOGIES 144A
LTD
NORTH AMERN SB NT CV 657201AA7 1666 3050000 PRN DEFINED 1 3050000 SOLE
VACCINE IN 144A
RENO AIR INC PFD CVEX A14 759741507 525 28000 PRN DEFINED 1 28000 SOLE
STILLWATER MNG SUB NT CONV 86074QAC6 3621 2915000 PRN DEFINED 1 2915000 SOLE
CO
TCI PAC PFD SR A 872294202 11075 50000 PRN DEFINED 1 50000 SOLE
COMMUNICATIONS EXCH
TEL-SAVE HLDGS SB NT CV 879176AA3 2412 5000000 PRN DEFINED 1 5000000 SOLE
INC 144A
TEL-SAVE HLDGS SUB NT CV 879176AC9 241 500000 PRN DEFINED 1 500000 SOLE
INC 4.5
THERMO ECOTEK SB DB CV 88355RAB2 708 690000 PRN DEFINED 1 690000 SOLE
CORP 144A
THERMO SUB DB CV 88355WAA 978 1150000 PRN DEFINED 1 1150000 SOLE
FIBERTEK INC 144
VORNADO RLTY PFD CONV SER 929042208 7171 142700 PRN DEFINED 1 142700 SOLE
TR
AMERICAN CLA 29683109 1260 516900 SH DEFINED 1 516900 SOLE
SOFTWARE INC
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)
------------- ----------- --------- ---------- ---------------- ---------- -------- ------------
COHESION COM 19248N101 212 65150 SH DEFINED 1 65150 SOLE
TECHNOLOGIES I
EQUUS II INC COM 294766100 872 48600 SH DEFINED 1 48600 SOLE
FAIRCHILD CORP CL A 303698104 4353 310938 SH DEFINED 1 310938 SOLE
GRUPO IUSACELL ADR REP D 40049W207 2229 481900 SH DEFINED 1 481900 SOLE
SA DE CV SHS
GULF CDA RES ORD 40218L305 4082 989500 SH DEFINED 1 989500 SOLE
LTD
NORTEL SPONS ADR PF 656567401 22097 1033800 SH DEFINED 1 1033800 SOLE
INVERSORA SA
TELEPHONE & COM 879433100 12856 378800 SH DEFINED 1 378800 SOLE
DATA SYS IN
THERMEDICS INC COM 883901100 3782 414500 SH DEFINED 1 414500 SOLE
THERMOTREX COM 883666109 6778 481967 SH DEFINED 1 481967 SOLE
CORP
AUSTRIA FD INC COM 52587102 1166 126100 SH DEFINED 1 126100 SOLE
EMERGING COM 290891100 791 180800 SH DEFINED 1 180800 SOLE
MEXICO FD
FIRST COM 318652104 450 75000 SH DEFINED 1 75000 SOLE
AUSTRALIA FD
INC
FRANCE GROWTH COM 35177K108 580 47800 SH DEFINED 1 47800 SOLE
FD INC
GROWTH FD COM 399877109 1845 97400 SH DEFINED 1 97400 SOLE
SPAIN INC
ITALY FD INC COM 465395101 1786 155300 SH DEFINED 1 155300 SOLE
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)
------------- ----------- --------- ---------- ---------------- ---------- -------- ------------
LIBERTY ALL- COM 529900102 447 42600 SH DEFINED 1 42600 SOLE
STAR GROWT
MEXICO FD INC COM 592835102 11368 1115900 SH DEFINED 1 1115900 SOLE
SOUTHERN COM 842157109 223 28000 SH DEFINED 1 28000 SOLE
AFRICA FD INC
SPAIN FD COM 846330108 2580 175500 SH DEFINED 1 175500 SOLE
SWISS HELVETIA COM 870875101 2648 99000 SH DEFINED 1 99000 SOLE
FD INC
COLUMN TOTALS 34 DATA RECORDS 117732 1 OTHER MANAGER ON WHOSE BEHALF REPORT IS FILED
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