UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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:
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 October 20, 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: 144
Form 13F Information Table Value Total: $210006 (x1000)
List of Other Included Managers:
N/A
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CHURCH CAPITAL MANAGEMENT, INC
FORM 13F
September 30, 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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
A H Belo Corp COM 080555105 2628137400.00 SH Sole 137400.00
AT&T COM 001957109 371 8526.23 SH Sole 8526.23
52 1200.00 SH Other 1200.00
Airborne Freight Corp COM 009266107 1772 84150.00 SH Sole 84150.00
100 4750.00 SH Other 4750.00
America-On-Line COM 02364J104 558 5360.00 SH Sole 5360.00
55 525.00 SH Other 525.00
American Express Co. COM 025816109 260 1923.00 SH Sole 1923.00
40 300.00 SH Other 300.00
American International Group COM 026874107 326 3750.00 SH Sole 3750.00
Ameritech COM 030954101 4875 73036.00 SH Sole 73036.00
260 3900.00 SH Other 3900.00
Arrow Electronics COM 042735100 2558145150.00 SH Sole 145150.00
110 6250.00 SH Other 6250.00
Bank One Corporation COM 059438101 668 19183.00 SH Sole 19183.00
Bell Atlantic Corp COM 077853109 4673 69415.90 SH Sole 69415.90
101 1500.00 SH Other 1500.00
BellSouth Corp. COM 079860102 2699 59976.00 SH Sole 59976.00
139 3100.00 SH Other 3100.00
Bristol-Myers Squibb COM 110122108 4568 67672.00 SH Sole 67672.00
367 5440.00 SH Other 5440.00
British Petroleum COM 031905102 278 2505.00 SH Sole 2505.00
Campbell Soup COM 134429109 2180 55728.00 SH Sole 55728.00
Chubb Corp COM 171232101 3111 62700.00 SH Sole 62700.00
228 4600.00 SH Other 4600.00
Cisco Systems Inc. COM 17275R102 186 2720.00 SH Sole 2720.00
1018 14850.00 SH Other 14850.00
Citigroup Inc. COM 173034109 411 9347.98 SH Sole 9347.98
7 168.00 SH Other 168.00
Coastal Corp. COM 190441105 389 9500.00 SH Sole 9500.00
25 600.00 SH Other 600.00
Computer Associates COM 204912109 5516 90237.00 SH Sole 90237.00
202 3300.00 SH Other 3300.00
Corning Inc COM 219350105 4498 65601.00 SH Sole 65601.00
41 600.00 SH Other 600.00
Crown Cork & Seal COM 228255105 856 35290.00 SH Sole 35290.00
Electronic Data Systems COM 285661104 239 4523.00 SH Sole 4523.00
Eli Lilly & Co. COM 532457108 5782 90080.00 SH Sole 90080.00
167 2600.00 SH Other 2600.00
Everest Reinsurance COM 299808105 1759 73875.00 SH Sole 73875.00
107 4500.00 SH Other 4500.00
Exxon Corporation COM 302290101 325 4272.00 SH Sole 4272.00
15 200.00 SH Other 200.00
FMC Corp COM 302491303 1798 37255.00 SH Sole 37255.00
39 800.00 SH Other 800.00
First Data Corp. COM 319963104 2823 64339.00 SH Sole 64339.00
44 1000.00 SH Other 1000.00
First Union Corp COM 337358105 986 27691.00 SH Sole 27691.00
100 2800.00 SH Other 2800.00
Fleet Financial Group COM 338915101 2996 81806.00 SH Sole 81806.00
139 3800.00 SH Other 3800.00
Ford Motor Corp. COM 345370100 245 4881.00 SH Sole 4881.00
20 400.00 SH Other 400.00
Frontier Insurance Group COM 359081106 239 27279.00 SH Sole 27279.00
GT Interactive Software Corp. COM 36236E109 762262206.00 SH Sole 262206.00
GTE Corp COM 362320103 179 2325.00 SH Sole 2325.00
96 1250.00 SH Other 1250.00
CHURCH CAPITAL MANAGEMENT, INC
FORM 13F
September 30, 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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
General Electric Co. COM 369604103 5400 45548.00 SH Sole 45548.00
90 760.00 SH Other 760.00
Gillette Company COM 375766102 2680 78955.00 SH Sole 78955.00
48 1410.00 SH Other 1410.00
Hartford Financial COM 416515104 2445 59827.00 SH Sole 59827.00
143 3500.00 SH Other 3500.00
Hewlett Packard Co. COM 428236103 5822 64158.00 SH Sole 64158.00
171 1885.00 SH Other 1885.00
IBM Corporation COM 459200101 1086 8978.84 SH Sole 8978.84
48 400.00 SH Other 400.00
Intel Corporation COM 458140100 4218 56766.00 SH Sole 56766.00
329 4430.00 SH Other 4430.00
Johnson & Johnson COM 478160104 7764 84507.16 SH Sole 84507.16
88 953.00 SH Other 953.00
Kansas City Southern COM 485170104 730 15700.00 SH Sole 15700.00
126 2700.00 SH Other 2700.00
Kimberly Clark Corp. COM 494368103 5195 98490.00 SH Sole 98490.00
174 3300.00 SH Other 3300.00
LSI Logic COM 502161102 486 9350.00 SH Sole 9350.00
Lucent Technologies COM 549463107 4140 63818.18 SH Sole 63818.18
162 2504.00 SH Other 2504.00
Marsh & McLennan Co. COM 571748102 778 11364.00 SH Sole 11364.00
182 2650.00 SH Other 2650.00
Mattel Inc. COM 577081102 2831149000.00 SH Sole 149000.00
128 6750.00 SH Other 6750.00
McGraw Hill Inc COM 580645109 2206 45610.00 SH Sole 45610.00
Media General Inc. Cls A COM 584041073 4057 79165.00 SH Sole 79165.00
128 2500.00 SH Other 2500.00
MediaOne Group COM 912889201 3161 46269.00 SH Sole 46269.00
34 500.00 SH Other 500.00
Mellon Bank Corp. COM 585509102 3059 90988.00 SH Sole 90988.00
111 3300.00 SH Other 3300.00
Merck & Co COM 589331107 1078 16629.00 SH Sole 16629.00
68 1050.00 SH Other 1050.00
Microsoft COM 594918104 503 5555.00 SH Sole 5555.00
5 50.00 SH Other 50.00
Monsanto Co COM 611662107 3424 95944.00 SH Sole 95944.00
153 4300.00 SH Other 4300.00
Motorola, Inc. COM 620076109 2403 27307.00 SH Sole 27307.00
172 1950.00 SH Other 1950.00
Newell Rubbermaid COM 651192106 2334 81700.00 SH Sole 81700.00
120 4200.00 SH Other 4200.00
PNC Bank Corp COM 693475105 214 4060.00 SH Sole 4060.00
Pepsico Inc. COM 713448108 3309108499.00 SH Sole 108499.00
149 4900.00 SH Other 4900.00
Pfizer Inc COM 717081103 649 18099.00 SH Sole 18099.00
Proctor Gamble COM 742718109 6600 70403.00 SH Sole 70403.00
42 450.00 SH Other 450.00
Qualcomm Inc. COM 747525103 595 3146.00 SH Sole 3146.00
Rite Aid Corp COM 767754104 2966214750.00 SH Sole 214750.00
146 10575.00 SH Other 10575.00
SBC Communications COM 78387G103 1156 22635.33 SH Sole 22635.33
34 658.00 SH Other 658.00
Schering Plough COM 806605101 2595 59484.00 SH Sole 59484.00
65 1500.00 SH Other 1500.00
Sigma Aldrich COM 826552101 3718117100.00 SH Sole 117100.00
138 4350.00 SH Other 4350.00
CHURCH CAPITAL MANAGEMENT, INC
FORM 13F
September 30, 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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
Smithkline Beecham COM 832378301 3638 63127.00 SH Sole 63127.00
170 2950.00 SH Other 2950.00
Summit Bancorp. COM 866005101 9957306955.00 SH Sole 306955.00
151 4644.00 SH Other 4644.00
Sun Microsystems Inc. COM 866810104 14965160916.00 SH Sole 160916.00
130 1400.00 SH Other 1400.00
Texaco COM 881694103 4600 72865.00 SH Sole 72865.00
170 2700.00 SH Other 2700.00
Thermo Electron COM 883556102 655 48729.00 SH Sole 48729.00
7 500.00 SH Other 500.00
Thomas & Betts COM 884315102 4220 82750.00 SH Sole 82750.00
166 3250.00 SH Other 3250.00
US West Inc. COM 912889102 778 13631.00 SH Sole 13631.00
57 1000.00 SH Other 1000.00
Union Pacific COM 907818108 2684 55846.00 SH Sole 55846.00
19 400.00 SH Other 400.00
Vodafone Airtouch ADR COM 92857T107 205 862.00 SH Sole 862.00
53 225.00 SH Other 225.00
Walt Disney Co. COM 254687106 342 13163.00 SH Sole 13163.00
2 75.00 SH Other 75.00
Warner-Lambert Co COM 934488107 337 5075.00 SH Sole 5075.00
Wells Fargo New COM 669380107 244 6150.00 SH Sole 6150.00
Wendys Intl. COM 950590109 3826144395.00 SH Sole 144395.00
193 7300.00 SH Other 7300.00
Xerox Corp. COM 984121103 2993 71376.00 SH Sole 71376.00
164 3900.00 SH Other 3900.00
Bank One Capital I 8.00% PRD 06421B202 30012000.000 SH Sole 12000.000
Duke Energy Capital Trust Pfd PRD 264396201 146963880.000 SH Sole 63880.000
Equitable Resources Tr 1 7.35 PRD 294550207 60027600.000 SH Sole 27600.000
News Corp. Ltd. ADR Pfd. PRD 652487802 126347308.000 SH Sole 47308.000
REPORT SUMMARY 144 DATA RECORDS 210006 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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