<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: MAR 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 : 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:
/s/ Gary A. Glynn New York, NY April 30, 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: 107
Form 13F Information Table Value Total: $6,061,182
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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 212327 2660321 SH SOLE 2660321
ABBOTT LABS COM 002824100 11928 254800 SH SOLE 254800
AIR PRODS & CHEMS INC COM 009158106 32435 947000 SH SOLE 947000
AMERICAN EXPRESS CO COM 025816109 96160 816649 SH SOLE 816649
AMERICAN HOME PRODS CORP COM 026609107 78052 1196200 SH SOLE 1196200
AMERICAN INTL GROUP INC COM 026874107 111171 921628 SH SOLE 921628
AMGEN INC COM 031162100 37408 499600 SH SOLE 499600
ARMSTRONG WORLD INDS INC COM 042476101 23317 516000 SH SOLE 516000
ASSOCIATES FIRST CAP CORP CL A 046008108 111582 2479600 SH SOLE 2479600
ATLANTIC RICHFIELD CO COM 048825103 36935 505100 SH SOLE 505100
AUTOMATIC DATA PROCESSING INC COM 053015103 8871 214400 SH SOLE 214400
BANK ONE CORP COM 06423A103 90339 1640669 SH SOLE 1640669
BARRICK GOLD CORP COM 067901108 7240 424300 SH SOLE 424300
BESTFOODS COM 08658U101 72371 1539800 SH SOLE 1539800
BOEING CO COM 097023105 43992 1293880 SH SOLE 1293880
BRISTOL MYERS SQUIBB CO COM 110122108 47399 739160 SH SOLE 739160
CAROLINA PWR & LT CO COM 144141108 17832 471600 SH SOLE 471600
CHUBB CORP COM 171232101 45926 784220 SH SOLE 784220
CIRCUS CIRCUS ENTERPRISES INC COM 172909103 1672 95200 SH SOLE 95200
COCA COLA CO COM 191216100 182431 2972400 SH SOLE 2972400
COLTEC INDS INC COM 196879100 43579 2396100 SH SOLE 2396100
COLUMBIA/HCA HEALTHCARE CORP COM 197677107 14087 743892 SH SOLE 743892
COOPER INDS INC COM 216669101 17076 400600 SH SOLE 400600
DPL INC COM 233293109 20159 1221750 SH SOLE 1221750
DEERE & CO COM 244199105 23324 603860 SH SOLE 603860
DISNEY WALT CO COM 254687106 54288 1744200 SH SOLE 1744200
DOW CHEM CO COM 260543103 25310 271600 SH SOLE 271600
DU PONT E I DE NEMOURS & CO COM 263534109 84768 1459936 SH SOLE 1459936
DUKE ENERGY CORP COM 264399106 33479 610800 SH SOLE 610800
EMERSON ELEC CO COM 291011104 34521 652100 SH SOLE 652100
EXXON CORP COM 302290101 85049 1205304 SH SOLE 1205304
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 25487 1202942 SH SOLE 1202942
FEDERAL SIGNAL CORP COM 313855108 21643 1036800 SH SOLE 1036800
FIRST SEC CORP DEL COM 336294103 55133 2854798 SH SOLE 2854798
GTE CORP COM 362320103 19913 329142 SH SOLE 329142
GANNETT INC COM 364730101 85214 1352600 SH SOLE 1352600
GAYLORD ENTMT CO NEW COM 367905106 6241 257364 SH SOLE 257364
GENERAL ELEC CO COM 369604103 163726 1480008 SH SOLE 1480008
GENERAL SEMICONDUCTOR INC COM 370787103 2132 294075 SH SOLE 294075
GLAXO WELLCOME PLC SPONSORED ADR 37733W105 53289 796100 SH SOLE 796100
GRACO INC COM 384109104 3136 142137 SH SOLE 142137
GUIDANT CORP COM 401698105 94350 1559500 SH SOLE 1559500
HARRAHS ENTMT INC COM 413619107 35422 1858190 SH SOLE 1858190
HEWLETT PACKARD CO COM 428236103 198019 2920100 SH SOLE 2920100
ILLINOIS TOOL WKS INC COM 452308109 48702 787100 SH SOLE 787100
INTEL CORP COM 458140100 175317 1474800 SH SOLE 1474800
INTL PAPER CO COM 460146103 12960 307200 SH SOLE 307200
JOHNSON & JOHNSON COM 478160104 191021 2043000 SH SOLE 2043000
KELLOGG CO COM 487836108 39114 1156800 SH SOLE 1156800
KIMBERLY CLARK CORP COM 494368103 46304 965920 SH SOLE 965920
KNIGHT RIDDER INC COM 499040103 54550 1091000 SH SOLE 1091000
LENNAR CORP COM 526057104 327 14625 SH SOLE 14625
LILLY ELI & CO COM 532457108 107343 1264720 SH SOLE 1264720
LUXOTTICA GROUP S P A SPONSORED ADR 55068R202 32220 2502500 SH SOLE 2502500
MCI WORLDCOM INC COM 55268B106 155507 1755899 SH SOLE 1755899
MCCORMICK & CO INC COM NON VTG 579780206 33095 1141200 SH SOLE 1141200
MCDONALDS CORP COM 580135101 72581 1601792 SH SOLE 1601792
MEAD CORP COM 582834107 30709 998660 SH SOLE 998660
MERCK & CO INC COM 589331107 135347 1689200 SH SOLE 1689200
MEREDITH CORP COM 589433101 35248 1121200 SH SOLE 1121200
</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 47645 531600 SH SOLE 531600
MOBIL CORP COM 607059102 108116 1228588 SH SOLE 1228588
MOTOROLA INC COM 620076109 46331 632500 SH SOLE 632500
NEWMONT MINING CORP COM 651639106 4167 238120 SH SOLE 238120
NORDSTROM INC COM 655664100 35079 858200 SH SOLE 858200
NORFOLK SOUTHERN CORP COM 655844108 4149 157300 SH SOLE 157300
PACIFICARE HEALTH SYS DEL CL A 695112102 71278 1184262 SH SOLE 1184262
PACIFICARE HEALTH SYS DEL CL B 695112201 6825 100000 SH SOLE 100000
PEPSICO INC COM 713448108 83842 2139500 SH SOLE 2139500
PFIZER INC COM 717081103 109613 790000 SH SOLE 790000
PHILIP MORRIS COS INC COM 718154107 73204 2080400 SH SOLE 2080400
PLACER DOME INC COM 725906101 3065 274000 SH SOLE 274000
POTLATCH CORP COM 737628107 21835 643400 SH SOLE 643400
PROCTER & GAMBLE CO COM 742718109 118250 1207400 SH SOLE 1207400
PROLOGIS TR SH BEN INT 743410102 65318 3186267 SH SOLE 3186267
PROMUS HOTEL CORP COM NEW 74342P106 42536 1169367 SH SOLE 1169367
ROHM & HAAS CO COM 775371107 42057 1253100 SH SOLE 1253100
ROUSE CO COM 779273101 4178 188297 SH SOLE 188297
ROYAL DUTCH PETE CO NY REG GLD1.25 780257804 95446 1835500 SH SOLE 1835500
SAFECO CORP COM 786429100 24959 617216 SH SOLE 617216
SARA LEE CORP COM 803111103 43862 1772200 SH SOLE 1772200
SCHLUMBERGER LTD COM 806857108 51732 859520 SH SOLE 859520
SEAGATE TECHNOLOGY COM 811804103 57682 1951200 SH SOLE 1951200
SEALED AIR CORP NEW COM 81211K100 47220 960000 SH SOLE 960000
SECURITY CAP GROUP INC CL A 81413P105 44543 74285 SH SOLE 74285
SECURITY CAP GROUP INC CL B 81413P204 746 55800 SH SOLE 55800
SIMON PPTY GROUP INC NEW COM 828806109 15871 578442 SH SOLE 578442
SMITH CHARLES E RESDNTL RLTY COM 832197107 26751 868200 SH SOLE 868200
STATE STR CORP COM 857477103 92252 1121600 SH SOLE 1121600
SUNTRUST BKS INC COM 867914103 132616 2130380 SH SOLE 2130380
SYSCO CORP COM 871829107 32207 1224000 SH SOLE 1224000
TECO ENERGY INC COM 872375100 24581 1236768 SH SOLE 1236768
TAUBMAN CTRS INC COM 876664103 22155 1808600 SH SOLE 1808600
USX MARATHON GROUP COM NEW 902905827 16161 587680 SH SOLE 587680
UST INC COM 902911106 11539 441700 SH SOLE 441700
U S BANCORP DEL COM 902973106 93851 2755262 SH SOLE 2755262
VALSPAR CORP COM 920355104 62402 1977100 SH SOLE 1977100
WACHOVIA CORP COM 929771103 87887 1082522 SH SOLE 1082522
WAL MART STORES INC COM 931142103 114792 1245200 SH SOLE 1245200
WALGREEN CO COM 931422109 81970 2901600 SH SOLE 2901600
WARNER LAMBERT CO COM 934488107 61049 921500 SH SOLE 921500
WEINGARTEN RLTY INVS SH BEN INT 948741103 17451 440400 SH SOLE 440400
WELLS FARGO & CO NEW COM 949746101 107620 3069380 SH SOLE 3069380
WILEY JOHN & SONS INC CL A 968223206 38233 910300 SH SOLE 910300
WILLAMETTE INDS INC COM 969133107 48467 1283900 SH SOLE 1283900
WISCONSIN ENERGY CORP COM 976657106 19001 729061 SH SOLE 729061
WRIGLEY WM JR CO COM 982526105 61570 680800 SH SOLE 680800
</TABLE>
