UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year of Quarter Ended: June 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: Hardesty Capital Management Corp.
Address: 2 East Read Street
Baltimore, MD 21202
13F File Number:
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: James D. Hardesty
Title: President
Phone: 410-783-9633
Signature, Place, and Date of Signing:
James D. Hardesty, Baltimore, MD August 11, 1999
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
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: $217,889
List of Other Included Managers:
No. 13F File Number Name
<PAGE>
<TABLE>
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>
3COM CORP COM COM 885535104 2405 90110SH SOLE 90110.0000
ABBOTT LABS COM COM 002824100 463 10208SH SOLE 10208.0000
AMERICA ONLINE INC DEL COM COM 02364J104 237 2156SH SOLE 2156.0000
AMERICAN HOME PRODS CP COM COM 026609107 6725 117218SH SOLE 117218.0000
AMERICAN INTL GROUP COM COM 026874107 262 2234SH SOLE 2234.0000
AMERITECH CORP NEW COM COM 030954101 5128 69765SH SOLE 69765.0000
AMGEN INC COM COM 031162100 718 11800SH SOLE 11800.0000
ANDREW CORP COM COM 034425108 1039 54875SH SOLE 54875.0000
AT&T CORP COM COM 001957109 1039 18614SH SOLE 18614.1830
ATLANTIC RICHFIELD CO COM COM 048825103 3369 40320SH SOLE 40320.0000
AUTODESK INC COM COM 052769106 1167 39490SH SOLE 39490.0000
BELL ATLANTIC CORP COM COM 077853109 3567 54559SH SOLE 54559.5390
BELLSOUTH CORP COM COM 079860102 4365 94642SH SOLE 94642.0000
BP AMOCO P L C SPONSORED ADR COM 055622104 3804 35062SH SOLE 35062.0005
BRISTOL MYERS SQUIBB COM COM 110122108 6900 97965SH SOLE 97965.0000
CATERPILLAR INC DEL COM COM 149123101 4319 71975SH SOLE 71975.6170
CHEVRON CORPORATION COM COM 166751107 3872 40732SH SOLE 40732.8890
CHUBB CORP COM COM 171232101 4791 68935SH SOLE 68935.5410
CISCO SYS INC COM COM 17275R102 1093 16956SH SOLE 16956.0000
CITIGROUP INC COM COM 172967101 525 11059SH SOLE 11059.2340
COCA COLA CO COM COM 191216100 1924 31034SH SOLE 31034.0000
COLGATE PALMOLIVE CO COM COM 194162103 265 2694SH SOLE 2694.0000
COMPUTER ASSOCIATES COM 204912109 222 4062SH SOLE 4062.0000
CONSTELLATION ENERGY COM COM 210371100 712 24046SH SOLE 24046.0000
CORNING INC COM COM 219350105 3699 52750SH SOLE 52750.0000
CORPORATE OFFICE PPTYS SH BEN COM 22002T108 96 11700SH SOLE 11700.0000
CSX CORP COM COM 126408103 386 8501SH SOLE 8501.0000
DANA CORP COM COM 235811106 3674 79752SH SOLE 79752.0000
DELL COMPUTER CORP COM COM 247025109 1927 52080SH SOLE 52080.0000
DELPHI AUTO SYS CORP COM COM 247126105 258 13964SH SOLE 13964.0009
DISNEY WALT CO COM COM 254687106 397 12877SH SOLE 12877.0000
DU PONT E I DE NEMOURS COM COM 263534109 6388 93505SH SOLE 93505.0000
E M C CORP MASS COM COM 268648102 208 3774SH SOLE 3774.0000
EMISPHERE TECHNOLOGIES COM COM 291345106 106 15000SH SOLE 15000.0000
ENRON CORPORATION OREGON COM COM 293561106 3431 41975SH SOLE 41975.0000
EXXON CORP COM COM 302290101 7515 97444SH SOLE 97444.6950
FANNIE MAE COM 313586109 282 4132SH SOLE 4132.0000
FIRST UN CORP COM COM 337358105 6826 144846SH SOLE 144846.0000
GAP INC DEL COM COM 364760108 238 4725SH SOLE 4725.0000
GENERAL ELEC CO COM COM 369604103 10798 95559SH SOLE 95559.1820
GENERAL MTRS CORP COM COM 370442105 1311 19864SH SOLE 19864.0000
GTE CORP COM COM 362320103 245 3250SH SOLE 3250.0000
HALLIBURTON CO COM COM 406216101 4804 106158SH SOLE 106158.5930
HELIX TECHNOLOGY CORP COM COM 423319102 907 37910SH SOLE 37910.0000
HEWLETT PACKARD CO COM COM 428236103 5185 51595SH SOLE 51595.3350
HILFIGER TOMMY CORP ORD COM G8915Z102 590 8050SH SOLE 8050.0000
HOME DEPOT INC COM COM 437076102 335 5201SH SOLE 5201.0000
HSB GROUP INC COM COM 40428N109 4006 97265SH SOLE 97265.0000
INGERSOLL RAND CO COM COM 456866102 2669 41306SH SOLE 41306.0000
INTEL CORP COM COM 458140100 1868 31391SH SOLE 31391.0000
INTERNATIONAL BUS MACH COM COM 459200101 12552 97115SH SOLE 97115.0000
IXC COMMUNICATIONS INC COM COM 450713102 243 6179SH SOLE 6179.0000
JOHNSON & JOHNSON COM COM 478160104 1982 20229SH SOLE 20229.0000
LOCKHEED MARTIN CORP COM COM 539830109 2802 75212SH SOLE 75212.0000
LUCENT TECHNOLOGIES COM COM 549463107 1386 20545SH SOLE 20545.3170
MAY DEPT STORES CO COM COM 577778103 3386 82827SH SOLE 82827.0000
MCDONALDS CORP COM COM 580135101 1610 39160SH SOLE 39160.0000
MERCANTILE BANKSHARES COM COM 587405101 3376 95429SH SOLE 95429.0890
MERCK & CO INC COM COM 589331107 8286 112538SH SOLE 112538.1680
MERRY-GO ROUND ENTERPRISES COM 590436101 0 10000SH SOLE 10000.0000
MICROSOFT CORP COM COM 594918104 1634 18121SH SOLE 18121.0000
MINNESOTA MNG & MFG CO COM COM 604059105 230 2650SH SOLE 2650.0000
MOBIL CORP COM COM 607059102 426 4312SH SOLE 4312.0000
MORGAN J P & CO INC COM COM 616880100 218 1555SH SOLE 1555.0000
MOTOROLA INC COM COM 620076109 3577 37755SH SOLE 37755.7980
MURPHY OIL CORP COM COM 626717102 1696 34750SH SOLE 34750.0000
NORFOLK SOUTHERN CORP COM COM 655844108 2480 82309SH SOLE 82309.0000
ORACLE CORP COM COM 68389X105 5319 143275SH SOLE 143275.0000
PEOPLESOFT INC COM COM 712713106 3627 210265SH SOLE 210265.0000
PEPSICO INC COM COM 713448108 426 11006SH SOLE 11006.1460
PFIZER INC COM COM 717081103 1176 10787SH SOLE 10787.0000
PHILIP MORRIS COS INC COM COM 718154107 3908 97244SH SOLE 97244.2340
POLAROID CORP COM COM 731095105 313 11375SH SOLE 11375.7190
PRICE T ROWE & ASSOC COM COM 741477103 371 9662SH SOLE 9662.0000
PROCTER & GAMBLE CO COM COM 742718109 6850 76755SH SOLE 76755.0000
REGIONS FINL CORP COM COM 758940100 235 6119SH SOLE 6119.0000
ROYAL DUTCH PETE CO NY REG GLD COM 780257804 227 3775SH SOLE 3775.0000
SBC COMMUNICATIONS INC COM COM 78387G103 232 4002SH SOLE 4002.0000
SCHERING PLOUGH CORP COM COM 806605101 758 14440SH SOLE 14440.0000
SINCLAIR BROADCAST GRP CL A COM 829226109 1900 116050SH SOLE 116050
SPDR TR UNIT SER 1 COM 78462F103 1743 12722SH SOLE 12722.0000
ST PAUL COS INC COM COM 792860108 1670 52503SH SOLE 52503.0000
STAPLES INC COM COM 855030102 463 14977SH SOLE 14977.0000
STATE ST BOSTON CORP COM COM 857477103 751 8800SH SOLE 8800.0000
STRIDE RITE CORP COM 863314100 1981 192100SH SOLE 1921000
SUNTRUST BKS INC COM COM 867914103 386 5565SH SOLE 5565.0000
SUPERGEN INC COM COM 868059106 1416 92500SH SOLE 92500.0000
TEXACO INC COM COM 881694103 471 7550SH SOLE 7550.0000
TIMKEN CO COM COM 887389104 1720 88200SH SOLE 88200.0000
TYCO INTL LTD NEW COM COM 902124106 273 2881SH SOLE 2881.0000
V F CORP COM COM 918204108 2053 48015SH SOLE 48015.0000
WAL MART STORES INC COM COM 931142103 529 10965SH SOLE 10965.0000
WASHINGTON R EST IN TR SH BEN COM 939653101 194 11443SH SOLE 11443.0000
WISCONSIN ENERGY CORP COM COM 976657106 1146 45725SH SOLE 45725.0000
AMERICAN MUT FD INC COM FNDS 027681105 209 6552SH SOLE 6552.625
FLAG INVESTORS EMERGING GROWTH FNDS 33832K100 253 11239SH SOLE 11239.593
FLAG INVESTORS INTER TR INCOME FNDS 33833H106 287 28096SH SOLE 28096.805
FLAG INVESTORS TELEPHONE INCOM FNDS 338331101 1548 38380SH SOLE 38380.894
FLAG INVESTORS VALUE BUILDER F FNDS 33832R105 1837 72717SH SOLE 72717.229
VANGUARD INDEX TR 500 PORTFOLI FNDS 922908108 230 1810 SH SOLE 1810.948
WASHINGTON MUT INVS FD COM FNDS 939330106 438 12247SH SOLE 12247.424
</TABLE>
