UNITED STATES
SECURTIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended
June 30, 1999
Check here if Amendment [ ] ; Amendment Number: ____
This Amendment (Check only one): [ ] is a restatement
[ ] adds new holdings entries
Institutional Investment Manager Filing this Report:
NewSouth Capital Management, Inc.
1000 Ridgeway Loop Road, Suite 233, Memphis, TN 38120-4023
13F File Number: 28-1652
The institutional investment manager submitting 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: D. Stephen Morrow
Title: Executive Secretary
Phone: (901) 761-5561
Signature, Place, and Date of Signing:
_____________________________ Memphis, TN _____________
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).)
The Managers identified on following Summary Page are accounts placed with us
through the Salomon Smith Barney Fiduciary Services Program and the Morgan
Keegan Preferred Managers Program. Although discretionary responsibility for
the accounts is with us, Salomon Smith Barney and Morgan Keegan retain the
responsibility for reporting these securities on their 13F if the size of a
particular holding triggers 13F filing requirements.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 2
Form 13F Information Table Entry Total: 190
Form 13F Information Table Value Total: $1,572,784
List of Other Included Managers:
No. 13F File Number Name
1 Salomon Smith Barney Fiduciary Services Program
2 Morgan Keegan Preferred Managers Program
<TABLE>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AGCO Corp. COM 001084102 282 24900 SH SOLE 24900
AMR Corp. COM 001765106 3280 48055 SH SOLE 48055
Alberto Culver Class A COM 013068200 26953 1184735 SH SOLE 1169735 15000
2214 97322 SH OTHER 02 01 97322
Albertsons, Inc. COM 013104104 7722 149762 SH SOLE 149762
Alltel Corp. COM 020039103 37818 528926 SH SOLE 520926 8000
3655 51117 SH OTHER 02 01 51117
Amsouth Bancorp COM 032165102 977 42116 SH SOLE 42116
Arrow Electronics COM 042735100 25322 1332725 SH SOLE 1312725 20000
3196 168215 SH OTHER 02 01 168215
Astec Industries Inc COM 046224101 3993 98000 SH SOLE 98000
AutoZone, Inc. COM 053332102 1783 59200 SH SOLE 59200
Avnet Inc. COM 053807103 18891 406260 SH SOLE 399760 6500
2660 57201 SH OTHER 02 01 57201
BJ's Wholesale Club, Inc. COM 05548J106 23195 771575 SH SOLE 771575
BankAmerica Corp COM 06605F102 401 5476 SH SOLE 5476
Bell Industries COM 078107109 268 60384 SH SOLE 60384
10 2364 SH OTHER 02 01 2364
Berkley (W.R.) Corp COM 084423102 13477 539070 SH SOLE 531070 8000
1511 60425 SH OTHER 02 01 60425
Black & Decker COM 091797100 1966 31150 SH SOLE 31150
Boyd Gaming Corp. COM 103304101 280 40000 SH SOLE 40000
Bristol Myers COM 110122108 789 11197 SH SOLE 11197
Buckeye Partners L.P. * COM 118230101 385 14000 SH SOLE 14000
Buckeye Technologies Corp. COM 118255108 57190 3765570 SH SOLE 3730570 35000
4476 294689 SH OTHER 02 01 294689
Burlington Northern Santa Fe C COM 12189T104 3900 125817 SH SOLE 125817
CKE Restaurants Inc COM 12561E105 10650 655400 SH SOLE 655400
CPI Corp. COM 125902106 41746 1265019 SH SOLE 1247519 17500
3969 120279 SH OTHER 02 01 120279
CSX Corp. COM 126408103 3342 73655 SH SOLE 73655
CVS Corp. COM 126650100 4458 87850 SH SOLE 87850
Cabot Oil & Gas Cl A COM 127097103 32622 1751525 SH SOLE 1731525 20000
3385 181730 SH OTHER 02 01 181730
Capital Automotive REIT* COM 139733109 27921 2107245 SH SOLE 2107245
1036 78215 SH OTHER 02 01 78215
Cedar Fair, L.P. * COM 150185106 16653 667800 SH SOLE 667800
714 28620 SH OTHER 02 01 28620
Cendant Corp. COM 151313103 4949 241400 SH SOLE 241400
Citigroup Inc. COM 172967101 574 12091 SH SOLE 12091
Coca Cola Company COM 191216100 525 8460 SH SOLE 8460
Colgate-Palmolive COM 194162103 1300 13200 SH SOLE 13200
Columbia Energy Group COM 197648108 282 4500 SH SOLE 4500
Conseco Inc COM 208464107 41791 1372995 SH SOLE 1357995 15000
4100 134712 SH OTHER 02 01 134712
Consolidated Stores Corp COM 210149100 30150 1116671 SH SOLE 1104171 12500
3557 131730 SH OTHER 02 01 131730
Costco Company COM 22160Q102 3586 44793 SH SOLE 44793
Dayton Hudson COM 239753106 6779 104300 SH SOLE 104300
Delta Airlines COM 247361108 1104 19155 SH SOLE 19155
Discount Auto Parts Inc COM 254642101 15226 631150 SH SOLE 631150
96 4000 SH OTHER 02 4000
Dollar Gen Corp Com COM 256669102 1785 61561 SH SOLE 61561
East West Bancorp Inc. COM 27579R104 1409 140000 SH SOLE 140000
Equity Income Fund AT&T COM 294700703 287 1384 SH SOLE 1384
Equity Inns, Inc.* COM 294703103 206 22280 SH SOLE 22280
8 840 SH OTHER 02 840
Excel Legacy Corp* COM 300665106 1410 296758 SH SOLE 296758
19 4060 SH OTHER 02 01 4060
Exxon Corp COM 302290101 313 4060 SH SOLE 4060
FDX Corp. COM 31304N107 4310 79450 SH SOLE 79450
Federal National Mortgage Asso COM 313586109 354 5180 SH SOLE 5180
Federated Dept. Stores, Inc. COM 31410H101 3352 63325 SH SOLE 63325
Ferrellgas Partners LP * COM 315293100 1407 83050 SH SOLE 83050
First American Corp. TN COM 318900107 769 18500 SH SOLE 18500
First Cash Finl Svcs, Inc. COM 31942D107 1540 160000 SH SOLE 160000
First Tennessee Natl. Corp. COM 337162101 2644 69006 SH SOLE 69006
Food Lion Inc Cl B COM 344775101 1512 130800 SH SOLE 130800
Ford Motor COM 345370100 21618 383045 SH SOLE 383045
Freddie Mac COM 313400301 5545 95605 SH SOLE 95605
458 7895 SH OTHER 02 01 7895
Gap, Inc. COM 364760108 12649 251100 SH SOLE 251100
General Electric COM 369604103 277 2450 SH SOLE 2450
General Motors COM 370442105 12622 191245 SH SOLE 191245
Grove Property Trust* COM 399613108 3809 293000 SH SOLE 293000
45 3500 SH OTHER 01 3500
Gulf Island Fabrication Inc COM 402307102 1522 127500 SH SOLE 127500
Hallwood Energy Corp. COM 40636X105 6928 1154600 SH SOLE 1154600
Hallwood Group Inc Com Par $0. COM 406364406 601 31300 SH SOLE 31300
Home Depot, Inc. COM 437076102 29414 456474 SH SOLE 456474
Horace Mann Educators Corp New COM 440327104 8480 311925 SH SOLE 311925
63 2300 SH OTHER 02 2300
Independent Energy Hld Sponsor COM 45384x108 259 19000 SH OTHER 02 19000
Interim Services Inc COM 45868P100 470 22800 SH SOLE 22800
Intl. Business Machines COM 459200101 1817 14060 SH SOLE 14060
J. C. Penney COM 708160106 3214 66182 SH SOLE 66182
Journal Register Co. COM 481138105 47133 2094800 SH SOLE 2094800
695 30900 SH OTHER 02 01 30900
K-Mart Corp. COM 482584109 2534 153600 SH SOLE 153600
Kansas City Southern Inds COM 485170104 1327 20800 SH SOLE 20800
Kaydon Corp. COM 486587108 53967 1604967 SH SOLE 1589967 15000
4091 121670 SH OTHER 02 01 121670
Kohls Corp Com COM 500255104 3309 43050 SH SOLE 43050
Kroger Co. COM 501044101 6965 249300 SH SOLE 249300
Lakes Gaming Inc COM 51206P109 186 17000 SH SOLE 17000
Limited, Inc. COM 532716107 2870 63260 SH SOLE 63260
Local Financial Corporation COM 539553107 1343 136000 SH SOLE 136000
Lowe's Co. COM 548661107 5805 102400 SH SOLE 102400
M A Hanna Co. COM 410522106 28960 1761797 SH SOLE 1736797 25000
2206 134189 SH OTHER 02 01 134189
May Dept. Stores COM 577778103 1889 46211 SH SOLE 46211
McDermott International Inc. COM 580037109 17742 628043 SH SOLE 617043 11000
3375 119480 SH OTHER 02 01 119480
Media One Group, Inc. COM 58440J104 30690 412642 SH SOLE 403642 9000
2727 36665 SH OTHER 02 01 36665
Medical Assurance, Inc. COM 58449U100 771 27303 SH SOLE 27303
Metris Companies Inc COM 591598107 117850 2892024 SH SOLE 2860024 32000
7794 191258 SH OTHER 02 01 191258
Municipal Mortgage & Equity * COM 62624B101 5428 261580 SH SOLE 261580
31 1500 SH OTHER 01 1500
National Commerce Bancorporati COM 635449101 1020 46624 SH SOLE 46624
New Plan Excel Realty Trust* COM 648053106 2521 140050 SH SOLE 140050
19 1032 SH OTHER 02 1032
Newell Rubbermaid Inc COM 651229106 1805 38920 SH SOLE 38920
Norfolk Southern COM 655844108 2390 79340 SH SOLE 79340
Norrell Corp COM 656301108 14139 751598 SH SOLE 751598
105 5600 SH OTHER 02 01 5600
Ocwen Asset Investment Corp.* COM 67574M106 2978 661800 SH SOLE 661800
31 6800 SH OTHER 01 6800
Ocwen Financial Corp COM 675746101 43023 4847650 SH SOLE 4812650 35000
2960 333475 SH OTHER 02 01 333475
Old Republic Int'l. COM 680223104 3646 210572 SH SOLE 210572
789 45573 SH OTHER 01 45573
Park Place Entertainment COM 700690100 268 28000 SH SOLE 28000
Payless ShoeSource, Inc. COM 704379106 23347 436395 SH SOLE 429395 7000
1818 33975 SH OTHER 02 01 33975
Penn Virginia Corporation COM 707882106 4956 250925 SH SOLE 250925
Pfizer Co. COM 717081103 320 2935 SH SOLE 2935
Philip Morris COM 718154107 1720 42800 SH SOLE 42800
Plum Creek Timber, L.P. * COM 729237107 2353 75450 SH SOLE 75450
Procter & Gamble COM 742718109 286 3200 SH SOLE 3200
Provident Bankshares COM 743859100 427 18361 SH SOLE 18361
Public Storage Inc.* COM 74460D109 506 18060 SH SOLE 18060
RFS Hotel Investors Inc COM 74955J108 2142 170500 SH SOLE 170500
19 1500 SH OTHER 01 1500
ReliaStar Financial Corp. COM 75952U103 25838 590585 SH SOLE 578585 12000
4143 94690 SH OTHER 02 01 94690
Rite Aid COM 767754104 1873 76050 SH SOLE 76050
Ross Stores Inc COM 778296103 6191 122900 SH SOLE 122900
Safeway Inc Com New COM 786514208 4277 86400 SH SOLE 86400
Saks, Inc. COM 79377w108 47787 1654953 SH SOLE 1634953 20000
4015 139037 SH OTHER 02 01 139037
Schein Henry, Inc. Common COM 806407102 792 25000 SH SOLE 25000
Scott Technologies Inc COM 810022301 8442 438540 SH SOLE 438540
1899 98655 SH OTHER 02 01 98655
Sears Roebuck & Co. COM 812387108 4510 101200 SH SOLE 101200
Shoney's, Inc. COM 825039100 5341 2441600 SH SOLE 2441600
Southdown Inc. COM 841297104 48437 753885 SH SOLE 747885 6000
3697 57543 SH OTHER 02 01 57543
Southwest Airlines COM 844741108 3086 99151 SH SOLE 99151
Stewart & Stevenson Svcs, Inc. COM 860342104 12332 808655 SH SOLE 790655 18000
2280 149510 SH OTHER 02 01 149510
Storage USA, Inc. * COM 861907103 1300 40640 SH SOLE 40640
16 510 SH OTHER 02 510
Sun Communities Inc.* COM 866674104 1157 32600 SH SOLE 32600
Telephone & Data COM 879433100 65402 894392 SH SOLE 886392 8000
5468 74775 SH OTHER 02 01 74775
Toys R Us COM 892335100 1414 68341 SH SOLE 68341
Trenwick Group COM 895290104 30556 1239288 SH SOLE 1227788 11500
2266 91904 SH OTHER 02 01 91904
Tupperware Corporation COM 899896104 36448 1429335 SH SOLE 1411335 18000
496 19450 SH OTHER 02 01 19450
UNUMProvident Corp. COM 91529y106 3424 62530 SH SOLE 62530
US Airways Group COM 911905107 1894 43470 SH SOLE 43470
Union Pacific Corp. COM 907818108 3600 61735 SH SOLE 61735
Union Planters COM 908068109 244 5450 SH SOLE 5450
Wabash National Corp COM 929566107 549 28340 SH SOLE 28340
Wal-Mart Stores COM 931142103 52138 1080578 SH SOLE 1080578
Walgreen Co. COM 931422109 5775 196600 SH SOLE 196600
Weatherford International COM 947074100 34019 928841 SH SOLE 917441 11400
2945 80423 SH OTHER 02 01 80423
Young Broadcasting Class A COM 987434107 22371 525600 SH SOLE 525600
132 3100 SH OTHER 02 3100
CKE Restaurants Conv CNV 12561EAB1 530 700000 PRN SOLE 700000
Corporate Express, Inc. CNV 219888AE4 1074 1155000 PRN SOLE 1155000
Developers Div Realty CNV 251591AA1 469 474000 PRN SOLE 474000
Jumbosports Inc Conv CNV 481386AA8 1 150000 PRN SOLE 150000
Lechters Inc CNV 130000GW6 1803 2420000 PRN SOLE 2420000
Shoney's Inc Conv CNV 825039AC4 1061 4400000 PRN SOLE 4400000
Shoney's/TPI Enterprises CNV 872623AA1 812 1400000 PRN SOLE 1400000
Bankunited Cap Tr Pfd B 10.25 PRD 0665LY401 376 400 SH SOLE 400
CTBI Preferred Cap Trust 9% PRD 12641H201 520 20000 SH SOLE 20000
Community Bank (Calif) 13% Non PRD 203507207 265 10000 SH SOLE 10000
Hallwood Energy Corp. Pfd.-A PRD 40636X204 339 41739 SH SOLE 41739
Ozark Capital Trust 9% Pfd PRD 692619208 326 30000 SH SOLE 30000
Prime Retail, Inc. 10.50% Sr. PRD 741570204 6680 337162 SH SOLE 337162
50 2500 SH OTHER 01 2500
United Companies Finl 6.75% Pf PRD 909870206 10 39000 SH SOLE 39000
0 750 SH OTHER 01 750
Winston Hotels Inc Cum Pfd 9.2 PRD 97563A201 412 20000 SH SOLE 20000
</TABLE>
