UNITED STATES
SECURTIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
Form 13F COVER PAGE
Report for the Calendar Year or
Quarter Ended September 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,the Morgan
Keegan Preferred Managers Program and the Lockwood Financial Services
Program. Although discretionary responsibility for the accounts is with us,
Salomon Smith Barney,Morgan Keegan and Lockwood Financial Services 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: 3
Form 13F Information Table Entry Total: 190
Form 13F Information Table Value Total: $1,379,797,000
List of Other Included Managers:
No. 13F File Number Name
1 Salomon Smith Barney Fiduciary Services Program
2 Morgan Keegan Preferred Managers Program
3 Lockwood Financial Services, Inc.
<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>
AMR Corp. COM 001765106 2606 47820 SH SOLE 47820
Alberto Culver Class A COM 013068200 24825 1269000 SH SOLE 1254000 15000
1848 94487 SH OTHER 03 02 01 94487
Albertsons, Inc. COM 013104104 4085 103262 SH SOLE 103262
Alltel Corp. COM 020039103 29636 421113 SH SOLE 414613 6500
2830 40207 SH OTHER 03 02 01 40207
Amsouth Bancorporation COM 032165102 987 42116 SH SOLE 42116
Arrow Electronics COM 042735100 22423 1272200 SH SOLE 1252200 20000
2826 160330 SH OTHER 03 02 01 160330
Astec Industries Inc COM 046224101 2147 89000 SH SOLE 89000
AutoZone, Inc. COM 053332102 28342 1009950 SH SOLE 992450 17500
2775 98900 SH OTHER 03 02 01 98900
Avnet Inc. COM 053807103 16019 381410 SH SOLE 374910 6500
2268 54006 SH OTHER 03 02 01 54006
BJ's Wholesale Club, Inc. COM 05548J106 22058 746150 SH SOLE 746150
BP Amoco PLC COM 055622104 283 2558 SH SOLE 2558
Bank of America Corp COM 060505104 254 4564 SH SOLE 4564
Berkley (W.R.) Corp COM 084423102 1532 66600 SH SOLE 66600
893 38845 SH OTHER 02 01 38845
Black & Decker COM 091797100 1126 24650 SH SOLE 24650
Boyd Gaming Corp. COM 103304101 240 40000 SH SOLE 40000
Bristol Myers COM 110122108 688 10200 SH SOLE 10200
Buckeye Partners L.P. * COM 118230101 378 14000 SH SOLE 14000
Buckeye Technologies Corp. COM 118255108 62412 3978485 SH SOLE 3938485 40000
4457 284089 SH OTHER 03 02 01 284089
Burlington Northern Santa Fe C COM 12189T104 3437 124987 SH SOLE 124987
CKE Restaurants Inc COM 12561E105 1019 140500 SH SOLE 140500
CPI Corp. COM 125902106 43583 1274833 SH SOLE 1257333 17500
3809 111411 SH OTHER 03 02 01 111411
CSX Corp. COM 126408103 4147 97855 SH SOLE 97855
CVS Corp. COM 126650100 3606 88350 SH SOLE 88350
Cabot Oil & Gas Cl A COM 127097103 31330 1816250 SH SOLE 1796250 20000
3005 174200 SH OTHER 03 02 01 174200
Callon Petroleum Corp COM 13123X102 2187 143400 SH SOLE 143400
17 1100 SH OTHER 02 1100
Capital Automotive REIT* COM 139733109 26750 2161620 SH SOLE 2161620
881 71190 SH OTHER 02 71190
Cedar Fair, L.P. * COM 150185106 13653 658000 SH SOLE 658000
552 26620 SH OTHER 02 01 26620
Cendant Corp. COM 151313103 3674 207000 SH SOLE 207000
Chartwell Re Corporation COM 16139W109 14135 979050 SH SOLE 969050 10000
499 34595 SH OTHER 03 02 01 34595
Circuit City Group COM 172737108 1055 25000 SH SOLE 25000
Citigroup Inc. COM 172967101 532 12091 SH SOLE 12091
Coca Cola Company COM 191216100 408 8460 SH SOLE 8460
Colgate-Palmolive COM 194162103 1153 25200 SH SOLE 25200
Columbia Energy Group COM 197648108 249 4500 SH SOLE 4500
Conseco Inc COM 208464107 26658 1403070 SH SOLE 1383070 20000
2493 131221 SH OTHER 03 02 01 131221
Consolidated Stores Corp COM 210149100 23634 1071246 SH SOLE 1058746 12500
2794 126620 SH OTHER 03 02 01 126620
Costco Wholesale Corp. COM 22160K105 4075 56600 SH SOLE 56600
Dayton Hudson COM 239753106 5460 90900 SH SOLE 90900
Delta Airlines COM 247361108 931 19195 SH SOLE 19195
Discount Auto Parts Inc COM 254642101 12101 750450 SH SOLE 750450
64 4000 SH OTHER 02 4000
Dollar Gen Corp Com COM 256669102 1932 62561 SH SOLE 62561
East West Bancorp Inc. COM 27579R104 1651 139000 SH SOLE 139000
Equity Income Fund AT&T COM 294700703 272 1384 SH SOLE 1384
Equity Inns, Inc.* COM 294703103 104 12200 SH SOLE 12200
7 840 SH OTHER 02 840
Excel Legacy Corp* COM 300665106 1132 270283 SH SOLE 270283
4 860 SH OTHER 02 860
Exxon Corp COM 302290101 293 3860 SH SOLE 3860
FDX Corp. COM 31304N107 3115 80125 SH SOLE 80125
Federal National Mortgage Asso COM 313586109 325 5180 SH SOLE 5180
Federated Dept. Stores, Inc. COM 31410H101 2504 57325 SH SOLE 57325
Ferrellgas Partners LP * COM 315293100 1288 79250 SH SOLE 79250
First American Corp. TN COM 318900107 761 17500 SH SOLE 17500
First Cash Finl Svcs, Inc. COM 31942D107 1475 134054 SH SOLE 134054
First Tennessee Natl. Corp. COM 337162101 1955 69528 SH SOLE 69528
Ford Motor COM 345370100 16636 331070 SH SOLE 331070
Freddie Mac COM 313400301 2981 57325 SH SOLE 57325
279 5370 SH OTHER 01 5370
Gap, Inc. COM 364760108 7640 238749 SH SOLE 238749
General Electric COM 369604103 285 2400 SH SOLE 2400
General Motors COM 370442105 11185 177720 SH SOLE 177720
Grove Property Trust* COM 399613108 3161 239700 SH SOLE 239700
Gulf Island Fabrication Inc COM 402307102 4608 349400 SH SOLE 349400
Hallwood Energy Corp. COM 40636X105 7484 1151394 SH SOLE 1151394
Hallwood Group Inc Com Par $0. COM 406364406 544 31200 SH SOLE 31200
Hanna M A Co. COM 410522106 20747 1823897 SH SOLE 1798897 25000
1457 128104 SH OTHER 03 02 01 128104
Hilton Hotels COM 432848109 99 10000 SH SOLE 10000
Home Depot, Inc. COM 437076102 29514 430074 SH SOLE 430074
Horace Mann Educators Corp New COM 440327104 9833 380925 SH SOLE 380925
59 2300 SH OTHER 02 2300
Independent Energy Hld Sponsor COM 45384x108 365 19000 SH OTHER 02 19000
Interim Services Inc COM 45868P100 13615 831466 SH SOLE 831466
105 6425 SH OTHER 02 01 6425
Intl. Business Machines COM 459200101 1701 14060 SH SOLE 14060
J. C. Penney COM 708160106 2304 66782 SH SOLE 66782
Journal Register Co. COM 481138105 32729 2380325 SH SOLE 2380325
450 32700 SH OTHER 02 32700
K-Mart Corp. COM 482584109 1080 92400 SH SOLE 92400
Kansas City Southern Inds COM 485170104 986 21200 SH SOLE 21200
Kaydon Corp. COM 486587108 41871 1683247 SH SOLE 1665747 17500
2887 116080 SH OTHER 03 02 01 116080
Kohls Corp Com COM 500255104 2860 43250 SH SOLE 43250
Kroger Co. COM 501044101 5494 249000 SH SOLE 249000
Lakes Gaming Inc COM 51206P109 221 23000 SH SOLE 23000
Limited, Inc. COM 532716107 2194 57360 SH SOLE 57360
Local Financial Corporation COM 539553107 1249 135000 SH SOLE 135000
Lowe's Co. COM 548661107 4948 101500 SH SOLE 101500
May Dept. Stores COM 577778103 1698 46611 SH SOLE 46611
McDermott International Inc. COM 580037109 11566 571168 SH SOLE 560168 11000
2166 106975 SH OTHER 03 02 01 106975
Media One Group, Inc. COM 58440J104 25883 378892 SH SOLE 369892 9000
2354 34455 SH OTHER 03 02 01 34455
Medical Assurance, Inc. COM 58449U100 684 27303 SH SOLE 27303
Metris Companies Inc COM 591598107 81241 2753935 SH SOLE 2725935 28000
5449 184721 SH OTHER 03 02 01 184721
Municipal Mortgage & Equity * COM 62624B101 4945 242680 SH SOLE 242680
National Commerce Bancorporati COM 635449101 1024 46624 SH SOLE 46624
New Plan Excel Realty Trust* COM 648053106 1807 101440 SH SOLE 101440
18 1032 SH OTHER 02 1032
Newell Rubbermaid Inc COM 651229106 1123 39320 SH SOLE 39320
Norfolk Southern COM 655844108 957 39080 SH SOLE 39080
Ocwen Asset Investment Corp.* COM 67574M106 1924 446100 SH SOLE 446100
3 600 SH OTHER 01 600
Ocwen Financial Corp COM 675746101 34624 5177365 SH SOLE 5142365 35000
2059 307845 SH OTHER 03 02 01 307845
Office Depot, Inc. COM 676220106 892 85000 SH SOLE 85000
Old Republic Int'l. COM 680223104 2300 159332 SH SOLE 159332
544 37714 SH OTHER 01 37714
Park Place Entertainment COM 700690100 350 28000 SH SOLE 28000
Payless ShoeSource, Inc. COM 704379106 20791 411695 SH SOLE 404695 7000
1615 31990 SH OTHER 03 02 01 31990
Penn Virginia Corporation COM 707882106 6320 304575 SH SOLE 304575
Pfizer Co. COM 717081103 316 8805 SH SOLE 8805
Philip Morris COM 718154107 906 26500 SH SOLE 26500
Plum Creek Timber Co Inc REIT* COM 729251108 2377 75750 SH SOLE 75750
Premark Int'l Inc. COM 740459102 207 4100 SH SOLE 4100
Price Enterprises, Inc.* COM 741444202 3506 447000 SH SOLE 447000
Procter & Gamble COM 742718109 272 2900 SH SOLE 2900
Provident Bankshares COM 743859100 379 17786 SH SOLE 17786
Pulitzer Inc COM 745769109 9445 207875 SH SOLE 207875
177 3900 SH OTHER 02 3900
RFS Hotel Investors Inc COM 74955J108 2784 242100 SH SOLE 242100
ReliaStar Financial Corp. COM 75952U103 19836 596580 SH SOLE 584580 12000
3029 91090 SH OTHER 03 02 01 91090
Rite Aid COM 767754104 1070 77450 SH SOLE 77450
Ross Stores Inc COM 778296103 5013 249100 SH SOLE 249100
Safeway Inc Com New COM 786514208 3330 87500 SH SOLE 87500
Saks, Inc. COM 79377w108 24425 1608218 SH SOLE 1588218 20000
2037 134091 SH OTHER 03 02 01 134091
Schein Henry, Inc. Common COM 806407102 356 25000 SH SOLE 25000
Scott Technologies Inc COM 810022301 5235 265075 SH SOLE 265075
226 11445 SH OTHER 02 11445
Sears Roebuck & Co. COM 812387108 2516 80200 SH SOLE 80200
Shoney's, Inc. COM 825039100 4527 2336600 SH SOLE 2336600
Southdown Inc. COM 841297104 41188 769874 SH SOLE 763874 6000
2924 54653 SH OTHER 03 02 01 54653
Southwest Airlines COM 844741108 2244 147751 SH SOLE 147751
Stewart & Stevenson Svcs, Inc. COM 860342104 8861 675100 SH SOLE 675100
1539 117245 SH OTHER 02 01 117245
Stone Energy Corp COM 861642106 229 4500 SH OTHER 02 4500
Storage USA, Inc. * COM 861907103 1107 40240 SH SOLE 40240
14 510 SH OTHER 02 510
Sun Communities Inc.* COM 866674104 962 29100 SH SOLE 29100
TJX Companies COM 872540109 2453 87400 SH SOLE 87400
Tandy Corp. COM 875382103 3535 68400 SH SOLE 68400
Telephone & Data COM 879433100 78464 883482 SH SOLE 875482 8000
6292 70850 SH OTHER 03 02 01 70850
Toys R Us COM 892335100 1192 79441 SH SOLE 79441
Trenwick Group COM 895290104 18213 1099638 SH SOLE 1088138 11500
1405 84807 SH OTHER 02 01 84807
Tupperware Corporation COM 899896104 41665 2057510 SH SOLE 2034510 23000
2723 134460 SH OTHER 03 02 01 134460
UNUMProvident Corp. COM 91529y106 1885 64030 SH SOLE 64030
US Airways Group COM 911905107 1136 43260 SH SOLE 43260
Union Pacific Corp. COM 907818108 2948 61335 SH SOLE 61335
Wabash National Corp COM 929566107 583 28690 SH SOLE 28690
Wal-Mart Stores COM 931142103 50891 1069978 SH SOLE 1069978
Walgreen Co. COM 931422109 5045 198800 SH SOLE 198800
Weatherford International COM 947074100 26359 823723 SH SOLE 813723 10000
2446 76448 SH OTHER 03 02 01 76448
Young Broadcasting Class A COM 987434107 32919 628525 SH SOLE 628525
162 3100 SH OTHER 02 3100
CKE Restaurants Conv CNV 12561EAB1 726 1100000 PRN SOLE 1100000
Corporate Express, Inc. CNV 219888AE4 545 555000 PRN SOLE 555000
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 902 4400000 PRN SOLE 4400000
Shoney's/TPI Enterprises CNV 872623AA1 812 1400000 PRN SOLE 1400000
CTBI Preferred Cap Trust 9% PRD 12641H201 502 20000 SH SOLE 20000
Hallwood Energy Corp. Pfd.-A PRD 40636X204 347 41739 SH SOLE 41739
Ozark Capital Trust 9% Pfd PRD 692619208 300 30000 SH SOLE 30000
Prime Retail, Inc. 10.50% Sr. PRD 741570204 5603 329562 SH SOLE 329562
Winston Hotels Inc Cum Pfd 9.2 PRD 97563A201 345 20000 SH SOLE 20000
</TABLE>
