<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: SEP 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 OCT 20, 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: 104
Form 13F Information Table Value Total: $5,970,709
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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 174099 4002276 SH SOLE 4002276
AT&T CORP LIB GRP A COM 001957208 236882 6348588 SH SOLE 6348588
ABBOTT LABS COM 002824100 1445 39400 SH SOLE 39400
AIR PRODS & CHEMS INC COM 009158106 27700 947000 SH SOLE 947000
AMERICAN EXPRESS CO COM 025816109 99191 734749 SH SOLE 734749
AMERICAN HOME PRODS CORP COM 026609107 49642 1196200 SH SOLE 1196200
AMERICAN INTL GROUP INC COM 026874107 96406 1108909 SH SOLE 1108909
AMGEN INC COM 031162100 50612 621000 SH SOLE 621000
ANALOG DEVICES INC COM 032654105 54187 1057300 SH SOLE 1057300
ARMSTRONG WORLD INDS INC COM 042476101 27682 616000 SH SOLE 616000
ASSOCIATES FIRST CAP CORP CL A 046008108 90745 2520700 SH SOLE 2520700
ATLANTIC RICHFIELD CO COM 048825103 35902 405100 SH SOLE 405100
AUTOMATIC DATA PROCESSING INC COM 053015103 22005 493100 SH SOLE 493100
BP AMOCO P L C SPONSORED ADR 055622104 66075 596274 SH SOLE 596274
BANK ONE CORP COM 06423A103 46780 1343769 SH SOLE 1343769
BARRICK GOLD CORP COM 067901108 9229 424300 SH SOLE 424300
BERKSHIRE HATHAWAY INC DEL CL A 084670108 61160 1112 SH SOLE 1112
BESTFOODS COM 08658U101 74786 1540000 SH SOLE 1540000
BOEING CO COM 097023105 55152 1293880 SH SOLE 1293880
BRISTOL MYERS SQUIBB CO COM 110122108 49893 739160 SH SOLE 739160
CAROLINA PWR & LT CO COM 144141108 16683 471600 SH SOLE 471600
CHUBB CORP COM 171232101 38917 784220 SH SOLE 784220
COCA COLA CO COM 191216100 143418 2972400 SH SOLE 2972400
COLUMBIA/HCA HEALTHCARE CORP COM 197677107 15761 743892 SH SOLE 743892
COOPER INDS INC COM 216669101 18728 400600 SH SOLE 400600
DPL INC COM 233293109 21787 1236150 SH SOLE 1236150
DEERE & CO COM 244199105 23362 603860 SH SOLE 603860
DISNEY WALT CO COM 254687106 40570 1560400 SH SOLE 1560400
DU PONT E I DE NEMOURS & CO COM 263534109 88326 1459936 SH SOLE 1459936
DUKE ENERGY CORP COM 264399106 33924 615400 SH SOLE 615400
EMERSON ELEC CO COM 291011104 41205 652100 SH SOLE 652100
EXXON CORP COM 302290101 70452 927004 SH SOLE 927004
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 25187 1202942 SH SOLE 1202942
FEDERAL SIGNAL CORP COM 313855108 22906 1152500 SH SOLE 1152500
FIRST SEC CORP DEL COM 336294103 61688 2593998 SH SOLE 2593998
GTE CORP COM 362320103 18384 239142 SH SOLE 239142
GANNETT INC COM 364730101 75712 1094300 SH SOLE 1094300
GAYLORD ENTMT CO NEW COM 367905106 7103 240764 SH SOLE 240764
GENERAL ELEC CO COM 369604103 175473 1480008 SH SOLE 1480008
GENERAL SEMICONDUCTOR INC COM 370787103 3033 294075 SH SOLE 294075
GLAXO WELLCOME PLC SPONSORED ADR 37733W105 41397 796100 SH SOLE 796100
GOODRICH B F CO COM 382388106 37774 1302560 SH SOLE 1302560
GRACO INC COM 384109104 4664 142137 SH SOLE 142137
GUIDANT CORP COM 401698105 98080 1829000 SH SOLE 1829000
HEWLETT PACKARD CO COM 428236103 198425 2186500 SH SOLE 2186500
ILLINOIS TOOL WKS INC COM 452308109 58539 785100 SH SOLE 785100
INTEL CORP COM 458140100 227887 3066600 SH SOLE 3066600
INTL PAPER CO COM 460146103 14765 307200 SH SOLE 307200
JOHNSON & JOHNSON COM 478160104 157630 1715700 SH SOLE 1715700
KIMBERLY CLARK CORP COM 494368103 50952 965920 SH SOLE 965920
KNIGHT RIDDER INC COM 499040103 60264 1095700 SH SOLE 1095700
LIFEPOINT HOSPITALS INC COM 53219L109 0 1 SH SOLE 1
LILLY ELI & CO COM 532457108 74760 1164720 SH SOLE 1164720
LUXOTTICA GROUP S P A SPONSORED ADR 55068R202 47704 2502500 SH SOLE 2502500
MCI WORLDCOM INC COM 55268B106 121548 1691099 SH SOLE 1691099
MCCORMICK & CO INC COM NON VTG 579780206 34597 1046400 SH SOLE 1046400
MCDONALDS CORP COM 580135101 69278 1601792 SH SOLE 1601792
MEAD CORP COM 582834107 34329 998660 SH SOLE 998660
MERCK & CO INC COM 589331107 115963 1789200 SH SOLE 1789200
MEREDITH CORP COM 589433101 40968 1128200 SH SOLE 1128200
</TABLE>
<PAGE>
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>
MICROSOFT CORP COM 594918104 48143 531600 SH SOLE 531600
MOBIL CORP COM 607059102 105162 1043788 SH SOLE 1043788
MOTOROLA INC COM 620076109 31486 357800 SH SOLE 357800
NEWMONT MINING CORP COM 651639106 6161 238120 SH SOLE 238120
NORDSTROM INC COM 655664100 23171 858200 SH SOLE 858200
PACIFICARE HEALTH SYS DEL CL A 695112102 53196 1229962 SH SOLE 1229962
PEPSICO INC COM 713448108 65255 2139500 SH SOLE 2139500
PFIZER INC COM 717081103 91481 2550000 SH SOLE 2550000
PHILIP MORRIS COS INC COM 718154107 66108 1933700 SH SOLE 1933700
PLACER DOME INC COM 725906101 4076 274000 SH SOLE 274000
POTLATCH CORP COM 737628107 26500 643400 SH SOLE 643400
PREMARK INTL INC COM 740459102 1833 36300 SH SOLE 36300
PROCTER & GAMBLE CO COM 742718109 113194 1207400 SH SOLE 1207400
PROLOGIS TR SH BEN INT 743410102 60141 3186267 SH SOLE 3186267
ROHM & HAAS CO COM 775371107 45268 1253100 SH SOLE 1253100
ROUSE CO COM 779273101 4331 188297 SH SOLE 188297
ROYAL DUTCH PETE CO NY REG GLD1.25 780257804 100288 1698000 SH SOLE 1698000
SARA LEE CORP COM 803111103 38501 1647100 SH SOLE 1647100
SCHLUMBERGER LTD COM 806857108 54737 878420 SH SOLE 878420
SEAGATE TECHNOLOGY COM 811804103 59756 1951200 SH SOLE 1951200
SEALED AIR CORP NEW COM 81211K100 49260 960000 SH SOLE 960000
SECURITY CAP GROUP INC CL A 81413P105 54553 74285 SH SOLE 74285
SECURITY CAP GROUP INC CL B 81413P204 820 55800 SH SOLE 55800
SIMON PPTY GROUP INC NEW COM 828806109 18110 807122 SH SOLE 807122
SMITH CHARLES E RESDNTL RLTY COM 832197107 29682 868200 SH SOLE 868200
STATE STR CORP COM 857477103 72483 1121600 SH SOLE 1121600
SUNTRUST BKS INC COM 867914103 136022 2068779 SH SOLE 2068779
SYSCO CORP COM 871829107 42917 1224000 SH SOLE 1224000
TECO ENERGY INC COM 872375100 20903 989468 SH SOLE 989468
TAUBMAN CTRS INC COM 876664103 20799 1808600 SH SOLE 1808600
TRIAD HOSPITALS INC COM 89579K109 0 1 SH SOLE 1
USX MARATHON GROUP COM NEW 902905827 17190 587680 SH SOLE 587680
U S BANCORP DEL COM 902973106 83805 2776162 SH SOLE 2776162
VALSPAR CORP COM 920355104 64626 1977100 SH SOLE 1977100
WACHOVIA CORP COM 929771103 85113 1082522 SH SOLE 1082522
WAL MART STORES INC COM 931142103 112314 2361400 SH SOLE 2361400
WALGREEN CO COM 931422109 73628 2901600 SH SOLE 2901600
WARNER LAMBERT CO COM 934488107 58178 876500 SH SOLE 876500
WEINGARTEN RLTY INVS SH BEN INT 948741103 16460 440400 SH SOLE 440400
WELLS FARGO & CO NEW COM 949746101 110062 2777580 SH SOLE 2777580
WILEY JOHN & SONS INC CL A 968223206 26557 1692900 SH SOLE 1692900
WILLAMETTE INDS INC COM 969133107 55368 1283900 SH SOLE 1283900
WISCONSIN ENERGY CORP COM 976657106 14507 618961 SH SOLE 618961
WRIGLEY WM JR CO COM 982526105 46848 680800 SH SOLE 680800
</TABLE>
