UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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: Financial Partners Capital Management, Inc.
590 Madison Avenue
New York, NY 10022
13F File Number: 28-___________
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: Carol Roman
Title: Administrative Manager
Phone: 212-409-2111
Signature, Place, and Date of Signing:
Carol Roman New York, New York May 11, 1999
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT>
List of Other Managers Reporting for this Manager: 0
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
REPORT SUMMARY:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 101
Form 13F Information Table Value Total: 190,714
<PAGE>
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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>
3 Com Corp. COM 885535104 261 11175 SH SOLE 11175
AT&T Corp. COM 001957109 490 6134 SH SOLE 6134
Abbott Laboratories COM 002824100 596 12730 SH SOLE 12730
Airtouch Communications COM 00949T100 4463 46190 SH SOLE 46190
American Express Inc. COM 025816109 501 4253 SH SOLE 4253
American Home Products COM 026609107 2048 31380 SH SOLE 31380
American International Group COM 026874107 6412 53160 SH SOLE 53160
Applied Materials Inc. COM 038222105 3081 49950 SH SOLE 49950
Automatic Data Processing COM 053015103 609 14730 SH SOLE 14730
Avalonbay Communities, Inc. SB COM 053373106 240 7524 SH SOLE 7524
Avon Products, Inc. COM 054303102 277 5896 SH SOLE 5896
BMC Software COM 055921100 599 16150 SH SOLE 16150
Bank of New York COM 064057102 1876 52200 SH SOLE 52200
Becton Dickinson & Co. COM 075887109 234 6120 SH SOLE 6120
Bellsouth Corp. COM 079860102 388 9688 SH SOLE 9688
Boeing Co. COM 097023105 485 14275 SH SOLE 14275
Boston Scientific Corp. COM 101137107 651 16036 SH SOLE 16036
Bristol-Myers Squibb COM 110122108 1732 27014 SH SOLE 27014
Burlington Resources COM 122014103 1341 33575 SH SOLE 33575
CBS Corporation COM 12490K107 782 19169 SH SOLE 19169
Chevron Corp. COM 166751107 262 2950 SH SOLE 2950
Cisco Systems COM 17275R102 13335 121712 SH SOLE 121712
Citigroup Inc. COM 172967101 1117 17489 SH SOLE 17489
Coca-Cola Co. COM 191216100 1483 24170 SH SOLE 24170
Cognitive Systems Inc COM 192428100 0 99597 SH SOLE 99597
Computer Associates COM 204912109 909 25557 SH SOLE 25557
Covance, Inc. COM 222816100 1904 75975 SH SOLE 75975
Cox Communications, Inc. COM 224044107 2125 28100 SH SOLE 28100
Danaher Corp. COM 235851102 589 11280 SH SOLE 11280
Datascope Corp. COM 238113104 305 11300 SH SOLE 11300
Dayton Hudson Corp. COM 239753106 320 4800 SH SOLE 4800
EMC Corp. COM 268648102 7429 58150 SH SOLE 58150
Elan Corp. ADS COM 284131208 561 8050 SH SOLE 8050
Eli Lilly & Co. COM 532457108 1070 12606 SH SOLE 12606
Endosonics Corp COM 29264K105 66 10200 SH SOLE 10200
Equity Residential Properties COM 29476L107 956 23177 SH SOLE 23177
Europe Fund, Inc. COM 29874M103 531 31600 SH SOLE 31600
Executone Information COM 301607107 36 10000 SH SOLE 10000
Exxon Corporation COM 302290101 1813 25693 SH SOLE 25693
Fannie Mae COM 313586109 3855 55674 SH SOLE 55674
First Data Corp COM 319963104 3949 92376 SH SOLE 92376
First Union Corp. COM 337358105 427 8000 SH SOLE 8000
Fleet Financial Group COM 338915101 369 9817 SH SOLE 9817
France Growth Fund, Inc. COM 35177K108 947 69800 SH SOLE 69800
GTE Corp. COM 362320103 546 9020 SH SOLE 9020
General Electric COM 369604103 7159 64715 SH SOLE 64715
General Instruments Corp.(N/C COM 370120107 2946 97200 SH SOLE 97200
Genlyte Group, Inc. COM 372302109 704 44000 SH SOLE 44000
Gillette Co. COM 375766102 1153 19400 SH SOLE 19400
HCR Manor Care,Inc. COM 421937103 2502 109690 SH SOLE 109690
Healthsouth Corp. COM 421924101 1028 99051 SH SOLE 99051
Hewlett-Packard COM 428236103 280 4135 SH SOLE 4135
Home Depot COM 437076102 4172 67024 SH SOLE 67024
Intel Corp. COM 458140100 2729 22955 SH SOLE 22955
International Business Machine COM 459200101 772 4356 SH SOLE 4356
JSB Financial Inc. COM 46624M100 717 14300 SH SOLE 14300
John Hancock Bank & Thrift Opp COM 409735107 2732 299380 SH SOLE 299380
Kansas City Southern Industrie COM 485170104 6222 109161 SH SOLE 109161
Kent Electronics Corp. COM 490553104 817 82200 SH SOLE 82200
Koor Industries Ltd- ADR COM 500507108 258 12200 SH SOLE 12200
Learning Co., Inc. COM 522008101 1515 52250 SH SOLE 52250
Lincare Holdings COM 532791100 2310 82150 SH SOLE 82150
Lucent Technologies Inc COM 549463107 2356 21818 SH SOLE 21818
MCI Worldcom, Inc. COM 55268B106 1672 18875 SH SOLE 18875
McDonald's Corp. COM 580135101 362 8000 SH SOLE 8000
Mercantile Bancorp. COM 587342106 293 6158 SH SOLE 6158
Merck & Co, Inc. COM 589331107 6699 83604 SH SOLE 83604
Microsoft Corp. COM 594918104 11806 131722 SH SOLE 131722
Mobil Corporation COM 607059102 418 4750 SH SOLE 4750
Morgan Stanley Emerging Market COM 61744G107 634 66311 SH SOLE 66311
Motorola Inc. COM 620076109 1853 25300 SH SOLE 25300
North Fork Bancorp, Inc. COM 659424105 752 35608 SH SOLE 35608
Novell Inc. COM 670006105 312 12400 SH SOLE 12400
Office Depot COM 676220106 260 6935 SH SOLE 6935
Omnicare Inc. COM 681904108 2954 154975 SH SOLE 154975
Omnicom Group Inc. COM 681919106 1839 23000 SH SOLE 23000
Pepsico Inc. COM 713448108 791 20175 SH SOLE 20175
Pfizer Inc. COM 717081103 7115 51280 SH SOLE 51280
Prime Hospitality Corp COM 741917108 119 12017 SH SOLE 12017
Procter & Gamble COM 742718109 3621 36968 SH SOLE 36968
Quest Diagnostics, Inc. COM 74834L100 2634 118390 SH SOLE 118390
Royal Dutch Petroleum COM 780257804 212 4080 SH SOLE 4080
S&P 400 Mid-Cap Dep. Recpt. COM 595635103 2415 35025 SH SOLE 35025
SBC Communications Inc. COM 78387G103 1128 23900 SH SOLE 23900
Sara Lee Corp. COM 803111103 228 9200 SH SOLE 9200
Schlumberger Ltd. COM 806857108 779 12940 SH SOLE 12940
Scientific-Atlanta, Inc. COM 808655104 3180 116700 SH SOLE 116700
Scudder New Asia Fund, Inc. COM 811183102 834 80400 SH SOLE 80400
Seagate Technology COM 811804103 1454 49200 SH SOLE 49200
Sun Microsystems Inc COM 866810104 1188 9500 SH SOLE 9500
Symbol Technologies Inc. COM 871508107 4813 106950 SH SOLE 106950
Techniclone Corp New COM 878517309 10 10000 SH SOLE 10000
Templeton China World Fund COM 88018X102 217 36100 SH SOLE 36100
Texaco Inc. COM 881694103 442 7796 SH SOLE 7796
Texas Instruments, Inc. COM 882508104 4754 47900 SH SOLE 47900
Time Warner Inc. COM 887315109 8830 124697 SH SOLE 124697
Wal-Mart Stores COM 931142103 2862 31045 SH SOLE 31045
Williams Cos COM 969457100 237 6000 SH SOLE 6000
Xerox Corp. COM 984121103 1159 22226 SH SOLE 22226
Applied Materials Apr 40 Call 0382229dh -244 -111 SH SOLE -111
Walmart June 35 Call 9311429fg -264 -113 SH SOLE -113
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