UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31,1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Church Capital Management, Inc.
Address: 301 Oxford Valley Road, Suite 801B
Yardley, PA 19067
13F File Number: 28-6548
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: Jerome H. Walther
Title: Chief Operating Officer
Phone: (215) 321-1900
Signature, Place, and Date of Signing:
Jerome H. Walther Yardley, PA May 5, 1999
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager:
N/A
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total:150
Form 13F Information Table Value Total:199296
(x$1000)
List of Other Included Managers: 0
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CHURCH CAPITAL MANAGEMENT, INC
FORM 13F
13F master
March 31, 1999
Voting Authority
--------------------------
Value Shares/ Sh/ Put/ Invstmt Other
Name of Issuer Title of class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
1/10 Berkshire Hathaway Class COM 214 30.000 SH Sole 30.000
A H Belo Corp COM 080555105 2723149225.000SH Sole 149225.000
AT&T COM 001957109 338 4231.265 SH Sole 4231.265
64 800.000 SH Other 800.000
Allied-Signal Corp COM 019512102 451991875.000 SH Sole 91875.000
157 3200.000 SH Other 3200.000
American Express Co. COM 025816109 237 2013.000 SH Sole 2013.000
35 300.000 SH Other 300.000
American Home Products COM 026609107 209 3210.000 SH Sole 3210.000
American International Group COM 026874107 358 2968.000 SH Sole 2968.000
American On-Line COM 02364J104 201 1365.000 SH Sole 1365.000
73 500.000 SH Other 500.000
Ameritech COM 030954101 475182452.000 SH Sole 82452.000
236 4100.000 SH Other 4100.000
Arrow Electronics COM 042735100 2203146850.000SH Sole 146850.000
4 250.000 SH Other 250.000
Bank One Corporation COM 059438101 133624260.000 SH Sole 24260.000
Bell Atlantic Corp COM 077853109 380273548.794 SH Sole 73548.794
78 1500.000 SH Other 1500.000
BellSouth Corp. COM 079860102 240560027.000 SH Sole 60027.000
140 3500.000 SH Other 3500.000
Bestfoods COM 126149103 123626291.000 SH Sole 26291.000
99 2100.000 SH Other 2100.000
Bristol-Myers Squibb COM 110122108 456871235.000 SH Sole 71235.000
349 5440.000 SH Other 5440.000
British Petroleum COM 031905102 218 2161.000 SH Sole 2161.000
Campbell Soup COM 134429109 403899253.000 SH Sole 99253.000
57 1400.000 SH Other 1400.000
Chubb Corp COM 171232101 135223090.000 SH Sole 23090.000
Cisco Systems Inc. COM 17275R102 80 728.000 SH Sole 728.000
838 7650.000 SH Other 7650.000
Citigroup Inc. COM 173034109 436 6827.369 SH Sole 6827.369
7 112.000 SH Other 112.000
Coastal Corp. COM 190441105 34610500.000 SH Sole 10500.000
20 600.000 SH Other 600.000
Computer Associates COM 204912109 312587862.000 SH Sole 87862.000
89 2500.000 SH Other 2500.000
Corning Inc COM 219350105 404767451.000 SH Sole 67451.000
36 600.000 SH Other 600.000
Crown Cork & Seal COM 228255105 119241750.000 SH Sole 41750.000
69 2400.000 SH Other 2400.000
Electronic Data Systems COM 285661104 216 4433.000 SH Sole 4433.000
Eli Lilly & Co. COM 532457108 686980925.000 SH Sole 80925.000
Equitable Resources Inc. COM 294549100 122847128.000 SH Sole 47128.000
99 3800.000 SH Other 3800.000
Everest Reinsurance COM 299808105 126940700.000 SH Sole 40700.000
Exxon Corporation COM 302290101 534 7572.000 SH Sole 7572.000
14 200.000 SH Other 200.000
FMC Corp COM 302491303 207241955.000 SH Sole 41955.000
114 2300.000 SH Other 2300.000
First Data Corp. COM 319963104 277364864.000 SH Sole 64864.000
43 1000.000 SH Other 1000.000
First Security Corp. COM 336294103 2921151275.000SH Sole 151275.000
149 7700.000 SH Other 7700.000
First Union Corp COM 337358105 59711170.000 SH Sole 11170.000
CHURCH CAPITAL MANAGEMENT, INC
FORM 13F
13F master
March 31, 1999
Voting Authority
--------------------------
Value Shares/ Sh/ Put/ Invstmt Other
Name of Issuer Title of class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
Fleet Financial Group COM 338915101 264170192.000 SH Sole 70192.000
143 3800.000 SH Other 3800.000
Ford Motor Corp. COM 345370100 279 4928.000 SH Sole 4928.000
23 400.000 SH Other 400.000
Frontier Insurance Group COM 359081106 67256573.000 SH Sole 56573.000
95 8000.000 SH Other 8000.000
GT Interactive Software Corp. COM 36236E109 1516327786.000SH Sole 327786.000
GTE Corp COM 362320103 135 2225.000 SH Sole 2225.000
94 1550.000 SH Other 1550.000
General Electric Co. COM 369604103 514346493.000 SH Sole 46493.000
84 760.000 SH Other 760.000
Gillette Company COM 375766102 436473430.000 SH Sole 73430.000
80 1350.000 SH Other 1350.000
Hartford Financial COM 416515104 308154224.000 SH Sole 54224.000
210 3700.000 SH Other 3700.000
Heilig-Meyers COM 422893107 32963355.000 SH Sole 63355.000
36 7000.000 SH Other 7000.000
Hewlett Packard Co. COM 428236103 426562900.000 SH Sole 62900.000
153 2250.000 SH Other 2250.000
IBM Corporation COM 459200101 743 4193.000 SH Sole 4193.000
35 200.000 SH Other 200.000
Intel Corporation COM 458140100 467 3930.000 SH Sole 3930.000
269 2265.000 SH Other 2265.000
Johnson & Johnson COM 478160104 693874203.000 SH Sole 74203.000
89 953.000 SH Other 953.000
Kansas City Southern COM 485170104 89215650.000 SH Sole 15650.000
162 2850.000 SH Other 2850.000
Kimberly Clark Corp. COM 494368103 5005104415.000SH Sole 104415.000
158 3300.000 SH Other 3300.000
Kon Phillips Elec. NY COM 718337504 134016250.000 SH Sole 16250.000
LSI Logic COM 502161102 306 9800.000 SH Sole 9800.000
Lucent Technologies COM 549463107 315429207.089 SH Sole 29207.089
135 1252.000 SH Other 1252.000
Marsh & McLennan Co. COM 571748102 84411364.000 SH Sole 11364.000
204 2750.000 SH Other 2750.000
McGraw Hill Inc COM 580645109 247145344.000 SH Sole 45344.000
Media General Inc. Cls A COM 584041073 188840600.000 SH Sole 40600.000
116 2500.000 SH Other 2500.000
MediaOne Group COM 912889201 298747085.000 SH Sole 47085.000
32 500.000 SH Other 500.000
Medtronic Inc. COM 585055106 665 9250.000 SH Sole 9250.000
Mellon Bank Corp. COM 585509102 402357169.000 SH Sole 57169.000
176 2500.000 SH Other 2500.000
Merck & Co COM 589331107 112914096.000 SH Sole 14096.000
80 1000.000 SH Other 1000.000
Microsoft COM 594918104 378 4212.000 SH Sole 4212.000
Mobil Corp. COM 607059102 216 2450.000 SH Sole 2450.000
35 400.000 SH Other 400.000
Monsanto Co COM 611662107 396686325.000 SH Sole 86325.000
198 4300.000 SH Other 4300.000
Motorola, Inc. COM 620076109 203027707.000 SH Sole 27707.000
150 2050.000 SH Other 2050.000
Nac Re Corp. COM 628907107 401374755.000 SH Sole 74755.000
Nalco Chemical Co. COM 629853102 52619795.000 SH Sole 19795.000
16 600.000 SH Other 600.000
CHURCH CAPITAL MANAGEMENT, INC
FORM 13F
13F master
March 31, 1999
Voting Authority
--------------------------
Value Shares/ Sh/ Put/ Invstmt Other
Name of Issuer Title of class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
PNC Bank Corp COM 693475105 464 8344.000 SH Sole 8344.000
Pepsico Inc. COM 713448108 4274109057.000SH Sole 109057.000
192 4900.000 SH Other 4900.000
Pfizer Inc COM 717081103 849 6118.000 SH Sole 6118.000
Proctor Gamble COM 742718109 356736423.000 SH Sole 36423.000
5 50.000 SH Other 50.000
SBC Communications COM 78387G103 116724730.695 SH Sole 24730.695
31 658.000 SH Other 658.000
Schering Plough COM 806605101 335260671.000 SH Sole 60671.000
122 2200.000 SH Other 2200.000
Schlumberger Ltd. Adr COM 806857108 279 4640.000 SH Sole 4640.000
30 500.000 SH Other 500.000
Sigma Aldrich COM 826552101 3902133400.000SH Sole 133400.000
127 4350.000 SH Other 4350.000
Smithkline Beecham COM 832378301 210029370.000 SH Sole 29370.000
Summit Bancorp. COM 866005101 12106310418.000SH Sole 310418.000
205 5244.000 SH Other 5244.000
Sun Microsystems Inc. COM 866810104 998179812.000 SH Sole 79812.000
88 700.000 SH Other 700.000
Texaco COM 881694103 342660365.000 SH Sole 60365.000
153 2700.000 SH Other 2700.000
Thermo Electron COM 883556102 82961129.000 SH Sole 61129.000
91 6700.000 SH Other 6700.000
Thomas & Betts COM 884315102 296378875.000 SH Sole 78875.000
122 3250.000 SH Other 3250.000
Union Pacific COM 907818108 317759451.000 SH Sole 59451.000
65 1220.000 SH Other 1220.000
United National Banc NJ COM 910909100 32414062.000 SH Sole 14062.000
Walt Disney Co. COM 254687106 36811818.000 SH Sole 11818.000
33 1075.000 SH Other 1075.000
Wells Fargo New COM 669380107 216 6150.000 SH Sole 6150.000
Wendys Intl. COM 950590109 3972139680.000SH Sole 139680.000
222 7800.000 SH Other 7800.000
Xerox Corp. COM 984121103 241246276.000 SH Sole 46276.000
ABN Amro Prf 7.5% PRD 00371Q202 218 8650.000 SH Sole 8650.000
Duke Energy Capital Trust Pfd PRD 264396201 127150480.000 SH Sole 50480.000
Equitable Resources Tr 1 7.35 PRD 294550207 70128200.000 SH Sole 28200.000
GTE Delaware LP 8.75% Pfd Y PRD 36232E301 204 8000.000 SH Sole 8000.000
15 600.000 SH Other 600.000
News Corp. Ltd. ADR Pfd. PRD 652487802 130947583.000 SH Sole 47583.000
REPORT SUMMARY 150 DATA RECORDS 199296 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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