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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: JUN 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 : United States Steel and Carnegie Pension Fund, Inc.
Address: 350 Park Avenue - 17th Floor
New York, NY 10022-6022
13F File Number: 28-677
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:
Name : Gary A. Glynn
Title: President
Phone: 212-826-8420
Signature, Place, and Date of Signing:
Gary A. Glynn New York, NY AUG 09, 1999
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES
EXCHANGE ACT OF 1934.
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FORM 13F SUMMARY PAGE
Report Summary:
No Other Managers
Form 13F Information Table Entry Total: 109
Form 13F Information Table Value Total: $6,653,976
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FORM 13F INFORMATION TABLE
UNITED STATES STEEL AND CARNEGIE PENSION FUND FILE NUMBER: 28-677
<TABLE>
<CAPTION>
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 8:
SHARES OR SHARES
VALUE PRINCIPAL SH/ INVSTMT SOLE VOTING
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) AMOUNT PRN DSCRETN AUTHORITY
<S> <C> <C> <C> <C> <C> <C> <C>
AT&T CORP COM 001957109 222718 3990476 SH SOLE 3990476
AT&T CORP LIB GRP A COM 001957208 234538 6381988 SH SOLE 6381988
ABBOTT LABS COM 002824100 8422 185600 SH SOLE 185600
AIR PRODS & CHEMS INC COM 009158106 38117 947000 SH SOLE 947000
AMERICAN EXPRESS CO COM 025816109 97561 749749 SH SOLE 749749
AMERICAN HOME PRODS CORP COM 026609107 68632 1196200 SH SOLE 1196200
AMERICAN INTL GROUP INC COM 026874107 104016 887128 SH SOLE 887128
AMGEN INC COM 031162100 37803 621000 SH SOLE 621000
ANALOG DEVICES INC COM 032654105 48044 957300 SH SOLE 957300
ARMSTRONG WORLD INDS INC COM 042476101 29831 516000 SH SOLE 516000
ASSOCIATES FIRST CAP CORP CL A 046008108 110736 2509600 SH SOLE 2509600
ATLANTIC RICHFIELD CO COM 048825103 33851 405100 SH SOLE 405100
AUTOMATIC DATA PROCESSING INC COM 053015103 5641 128200 SH SOLE 128200
BP AMOCO P L C SPONSORED ADR 055622104 64696 596274 SH SOLE 596274
BANK ONE CORP COM 06423A103 89926 1509769 SH SOLE 1509769
BARRICK GOLD CORP COM 067901108 8221 424300 SH SOLE 424300
BERKSHIRE HATHAWAY DEL CL A 084670108 105417 1530 SH SOLE 1530
BESTFOODS COM 08658U101 77354 1562700 SH SOLE 1562700
BOEING CO COM 097023105 56931 1293880 SH SOLE 1293880
BRISTOL MYERS SQUIBB CO COM 110122108 52065 739160 SH SOLE 739160
CAROLINA PWR & LT CO COM 144141108 20190 471600 SH SOLE 471600
CHUBB CORP COM 171232101 54503 784220 SH SOLE 784220
COCA COLA CO COM 191216100 184289 2972400 SH SOLE 2972400
COLTEC INDS INC COM 196879100 51965 2396100 SH SOLE 2396100
COLUMBIA/HCA HEALTHCARE CORP COM 197677107 16970 743892 SH SOLE 743892
COOPER INDS INC COM 216669101 20831 400600 SH SOLE 400600
DPL INC COM 233293109 22602 1221750 SH SOLE 1221750
DEERE & CO COM 244199105 23664 603860 SH SOLE 603860
DISNEY WALT CO COM 254687106 50665 1644300 SH SOLE 1644300
DU PONT E I DE NEMOURS & CO COM 263534109 99732 1459936 SH SOLE 1459936
DUKE ENERGY CORP COM 264399106 33250 610800 SH SOLE 610800
EMERSON ELEC CO COM 291011104 41042 652100 SH SOLE 652100
EXXON CORP COM 302290101 71495 927004 SH SOLE 927004
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 27592 1202942 SH SOLE 1202942
FEDERAL SIGNAL CORP COM 313855108 21967 1036800 SH SOLE 1036800
FIRST SEC CORP DEL COM 336294103 70686 2593998 SH SOLE 2593998
GTE CORP COM 362320103 18055 239142 SH SOLE 239142
GANNETT INC COM 364730101 77585 1087000 SH SOLE 1087000
GAYLORD ENTMT CO NEW COM 367905106 7721 257364 SH SOLE 257364
GENERAL ELEC CO COM 369604103 167241 1480008 SH SOLE 1480008
GENERAL SEMICONDUCTOR INC COM 370787103 2683 294075 SH SOLE 294075
GLAXO WELLCOME PLC SPONSORED ADR 37733W105 45079 796100 SH SOLE 796100
GRACO INC COM 384109104 4175 142137 SH SOLE 142137
GUIDANT CORP COM 401698105 86079 1683700 SH SOLE 1683700
HARRAHS ENTMT INC COM 413619107 20714 938890 SH SOLE 938890
HEWLETT PACKARD CO COM 428236103 258305 2570200 SH SOLE 2570200
ILLINOIS TOOL WKS INC COM 452308109 64345 787100 SH SOLE 787100
INTEL CORP COM 458140100 175501 2949600 SH SOLE 2949600
INTL PAPER CO COM 460146103 15437 307200 SH SOLE 307200
JOHNSON & JOHNSON COM 478160104 186171 1899700 SH SOLE 1899700
KELLOGG CO COM 487836108 34049 1031800 SH SOLE 1031800
KIMBERLY CLARK CORP COM 494368103 55057 965920 SH SOLE 965920
KNIGHT RIDDER INC COM 499040103 60073 1091000 SH SOLE 1091000
LIFEPOINT HOSPITALS INC COM 53219L109 0 2 SH SOLE 2
LILLY ELI & CO COM 532457108 83423 1164720 SH SOLE 1164720
LUXOTTICA GROUP S P A SPONSORED ADR 55068R202 38945 2502500 SH SOLE 2502500
MCI WORLDCOM INC COM 55268B106 145540 1691099 SH SOLE 1691099
MANDALAY RESORT GROUP COM 562567107 2017 95200 SH SOLE 95200
MCCORMICK & CO INC COM NON VTG 579780206 33027 1046400 SH SOLE 1046400
MCDONALDS CORP COM 580135101 65874 1601792 SH SOLE 1601792
</TABLE>
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FORM 13F INFORMATION TABLE
UNITED STATES STEEL AND CARNEGIE PENSION FUND FILE NUMBER: 28-677
<TABLE>
<CAPTION>
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 8:
SHARES OR SHARES
VALUE PRINCIPAL SH/ INVSTMT SOLE VOTING
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) AMOUNT PRN DSCRETN AUTHORITY
<S> <C> <C> <C> <C> <C> <C> <C>
MEAD CORP COM 582834107 41694 998660 SH SOLE 998660
MERCK & CO INC COM 589331107 131730 1789200 SH SOLE 1789200
MEREDITH CORP COM 589433101 38822 1121200 SH SOLE 1121200
MICROSOFT CORP COM 594918104 47944 531600 SH SOLE 531600
MOBIL CORP COM 607059102 121323 1228588 SH SOLE 1228588
MOTOROLA INC COM 620076109 45916 484600 SH SOLE 484600
NEWMONT MINING CORP COM 651639106 4733 238120 SH SOLE 238120
NORDSTROM INC COM 655664100 28750 858200 SH SOLE 858200
NORFOLK SOUTHERN CORP COM 655844108 4739 157300 SH SOLE 157300
PACIFICARE HEALTH SYS DEL CL A 695112102 88480 1229962 SH SOLE 1229962
PEPSICO INC COM 713448108 82772 2139500 SH SOLE 2139500
PFIZER INC COM 717081103 92650 850000 SH SOLE 850000
PHILIP MORRIS COS INC COM 718154107 77711 1933700 SH SOLE 1933700
PLACER DOME INC COM 725906101 3220 274000 SH SOLE 274000
POTLATCH CORP COM 737628107 28269 643400 SH SOLE 643400
PROCTER & GAMBLE CO COM 742718109 107760 1207400 SH SOLE 1207400
PROLOGIS TR SH BEN INT 743410102 64522 3186267 SH SOLE 3186267
PROMUS HOTEL CORP COM NEW 74342P106 19424 626567 SH SOLE 626567
ROHM & HAAS CO COM 775371107 53727 1253100 SH SOLE 1253100
ROUSE CO COM 779273101 4778 188297 SH SOLE 188297
ROYAL DUTCH PETE CO NY REG GLD1.25 780257804 102305 1698000 SH SOLE 1698000
SARA LEE CORP COM 803111103 37369 1647100 SH SOLE 1647100
SCHLUMBERGER LTD COM 806857108 55944 878420 SH SOLE 878420
SEAGATE TECHNOLOGY COM 811804103 50000 1951200 SH SOLE 1951200
SEALED AIR CORP NEW COM 81211K100 62280 960000 SH SOLE 960000
SECURITY CAP GROUP INC CL A 81413P105 48257 74285 SH SOLE 74285
SECURITY CAP GROUP INC CL B 81413P204 813 55800 SH SOLE 55800
SIMON PPTY GROUP INC NEW COM 828806109 14678 578442 SH SOLE 578442
SMITH CHARLES E RESDNTL RLTY COM 832197107 29465 868200 SH SOLE 868200
STATE STR CORP COM 857477103 95757 1121600 SH SOLE 1121600
SUNTRUST BKS INC COM 867914103 143651 2068779 SH SOLE 2068779
SYSCO CORP COM 871829107 36491 1224000 SH SOLE 1224000
TECO ENERGY INC COM 872375100 22510 989468 SH SOLE 989468
TAUBMAN CTRS INC COM 876664103 23851 1808600 SH SOLE 1808600
TEXAS INSTRS INC COM 882508104 38520 267500 SH SOLE 267500
TRIAD HOSPITALS INC COM 89579K109 0 2 SH SOLE 2
USX MARATHON GROUP COM NEW 902905827 19136 587680 SH SOLE 587680
U S BANCORP DEL COM 902973106 91957 2755262 SH SOLE 2755262
VALSPAR CORP COM 920355104 75130 1977100 SH SOLE 1977100
WACHOVIA CORP COM 929771103 92623 1082522 SH SOLE 1082522
WAL MART STORES INC COM 931142103 120162 2490400 SH SOLE 2490400
WALGREEN CO COM 931422109 85235 2901600 SH SOLE 2901600
WARNER LAMBERT CO COM 934488107 63699 921500 SH SOLE 921500
WEINGARTEN RLTY INVS SH BEN INT 948741103 18387 440400 SH SOLE 440400
WELLS FARGO & CO NEW COM 949746101 118742 2777580 SH SOLE 2777580
WILEY JOHN & SONS INC CL A 968223206 29619 1680500 SH SOLE 1680500
WILLAMETTE INDS INC COM 969133107 59140 1283900 SH SOLE 1283900
WISCONSIN ENERGY CORP COM 976657106 15513 618961 SH SOLE 618961
WRIGLEY WM JR CO COM 982526105 60719 680800 SH SOLE 680800
</TABLE>
