UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year of Quarter Ended: December 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: 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 February 11, 2000
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
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 102
Form 13F Information Table Value Total: $257,864
List of Other Included Managers:
No. 13F File Number Name
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Hardesty Capital Management
FORM 13F
December 31, 1999
Voting Authority
--------------------------
Value Shares/ Sh/ Put/ Invstmt Other
Name of Issuer Title of class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
3COM CORP COM COM 885535104 7606 161835 SH Sole 161835
ABBOTT LABS COM COM 002824100 410 11291 SH Sole 11291
AMERICA ONLINE INC DEL COM COM 02364J104 231 3050 SH Sole 3050
AMERICAN EXPRESS CO COM COM 025816109 249 1500 SH Sole 1500
AMERICAN HOME PRODS CP COM COM 026609107 601 15300 SH Sole 15300
AMERICAN INTL GROUP COM COM 026874107 447 4129 SH Sole 4129
AMGEN INC COM COM 031162100 468 7800 SH Sole 7800
ANDREW CORP COM COM 034425108 1544 81525 SH Sole 81525
AT&T CORP COM COM 001957109 931 18324 SH Sole 18324
ATLANTIC RICHFIELD CO COM COM 048825103 3368 38939 SH Sole 38939
AUTODESK INC COM COM 052769106 4352 128935 SH Sole 128935
BECTON DICKINSON & CO COM COM 075887109 4346 161325 SH Sole 161325
BELL ATLANTIC CORP COM COM 077853109 3287 53390 SH Sole 53390
BELLSOUTH CORP COM COM 079860102 4484 95788 SH Sole 95788
BP AMOCO P L C SPONSORED ADR COM 055622104 3418 57626 SH Sole 57626
BRISTOL MYERS SQUIBB COM COM 110122108 6758 105285 SH Sole 105285
Broadwing Inc COM 111620100 478 12960 SH Sole 12960
CATERPILLAR INC DEL COM COM 149123101 4359 92615 SH Sole 92615
CHESAPEAKE UTILS CORP COM COM 165303108 225 12219 SH Sole 12219
CHEVRON CORPORATION COM COM 166751107 3564 41147 SH Sole 41147
CHUBB CORP COM COM 171232101 5731 101770 SH Sole 101770
CISCO SYS INC COM COM 17275R102 1529 14269 SH Sole 14269
CITIGROUP INC COM COM 172967101 595 10687 SH Sole 10687
COCA COLA CO COM COM 191216100 1796 30831 SH Sole 30831
COLGATE PALMOLIVE CO COM COM 194162103 316 4862 SH Sole 4862
COMPUTER ASSOCIATES COM 204912109 300 4287 SH Sole 4287
CONSTELLATION ENERGY COM COM 210371100 469 16162 SH Sole 16162
CORNING INC COM COM 219350105 5921 45925 SH Sole 45925
CORPORATE OFFICE PPTYS SH BEN COM 22002T108 112 14700 SH Sole 14700
DANA CORP COM COM 235811106 3000 100225 SH Sole 100225
DELL COMPUTER CORP COM COM 247025109 3386 66400 SH Sole 66400
DISNEY WALT CO COM COM 254687106 359 12281 SH Sole 12281
DU PONT E I DE NEMOURS COM COM 263534109 7342 111446 SH Sole 111446
E M C CORP MASS COM COM 268648102 350 3200 SH Sole 3200
EARTHSHELL CORP COM COM 27032B100 45 11000 SH Sole 11000
ENRON CORPORATION OREGON COM COM 293561106 2079 46850 SH Sole 46850
EXXON MOBIL CORP COM COM 30231G102 10070 124995 SH Sole 124995
FANNIE MAE COM 313586109 4026 64484 SH Sole 64484
FIRST UN CORP COM COM 337358105 4998 151740 SH Sole 151740
GENERAL ELEC CO COM COM 369604103 14292 92354 SH Sole 92354
GENERAL MTRS CORP COM COM 370442105 455 6255 SH Sole 6255
GOLDMAN SACHS GROUP COM COM 38141G104 2920 31000 SH Sole 31000
GTE CORP COM COM 362320103 302 4279 SH Sole 4279
HALLIBURTON CO COM COM 406216101 4202 104396 SH Sole 104396
HELIX TECHNOLOGY CORP COM COM 423319102 226 5050 SH Sole 5050
HEWLETT PACKARD CO COM COM 428236103 5818 51145 SH Sole 51145
HOME DEPOT INC COM COM 437076102 578 8401 SH Sole 8401
HSB GROUP INC COM COM 40428N109 3030 89610 SH Sole 89610
INGERSOLL RAND CO COM COM 456866102 2377 43172 SH Sole 43172
INTEL CORP COM COM 458140100 8159 99120 SH Sole 99120
INTERNATIONAL BUS MACH COM COM 459200101 10697 99158 SH Sole 99158
JOHNSON & JOHNSON COM COM 478160104 1997 21412 SH Sole 21412
KIMBERLY CLARK CORP COM COM 494368103 280 4282 SH Sole 4282
LOCKHEED MARTIN CORP COM COM 539830109 1178 53850 SH Sole 53850
LOWES COS INC COM COM 548661107 4214 70525 SH Sole 70525
LUCENT TECHNOLOGIES COM COM 549463107 1816 24219 SH Sole 24219
MAY DEPT STORES CO COM COM 577778103 2054 63703 SH Sole 63703
MCDONALDS CORP COM COM 580135101 2627 65160 SH Sole 65160
MCI WORLDCOM INC COM COM 55268B106 215 4058 SH Sole 4058
MERCANTILE BANKSHARES COM COM 587405101 3009 94209 SH Sole 94209
MERCK & CO INC COM COM 589331107 8946 133153 SH Sole 133153
MERRY-GO ROUND ENTERPRISES COM 590436101 0 10000 SH Sole 10000
MICROSOFT CORP COM COM 594918104 1693 14501 SH Sole 14501
MINNESOTA MNG & MFG CO COM COM 604059105 250 2550 SH Sole 2550
MORGAN J P & CO INC COM COM 616880100 298 2355 SH Sole 2355
MURPHY OIL CORP COM COM 626717102 1224 21325 SH Sole 21325
NORFOLK SOUTHERN CORP COM COM 655844108 1443 70380 SH Sole 70380
ORACLE CORP COM COM 68389X105 16763 149590 SH Sole 149590
PEOPLESOFT INC COM COM 712713106 5910 277280 SH Sole 277280
PEPSICO INC COM COM 713448108 258 7306 SH Sole 7306
PFIZER INC COM COM 717081103 4516 139231 SH Sole 139231
PHILIP MORRIS COS INC COM COM 718154107 1707 74209 SH Sole 74209
POLYMEDICA CORP COM COM 731738100 462 20000 SH Sole 20000
PRICE T ROWE & ASSOC COM COM 741477103 367 9930 SH Sole 9930
PROCTER & GAMBLE CO COM COM 742718109 8112 74039 SH Sole 74039
QWEST COMMUNICATIONS COM COM 749121109 528 12282 SH Sole 12282
ROYAL DUTCH PETE CO NY REG GLD COM 780257804 229 3775 SH Sole 3775
SBC COMMUNICATIONS INC COM COM 78387G103 4562 93577 SH Sole 93577
SCHERING PLOUGH CORP COM COM 806605101 612 14440 SH Sole 14440
SINCLAIR BROADCAST GRP CL A COM 829226109 1718 140750 SH Sole 140750
SMITHKLINE BEECHAM PLC ADR REP COM 832378301 255 3980 SH Sole 3980
SPDR TR UNIT SER 1 COM 78462F103 5274 35905 SH Sole 35905
STAPLES INC COM COM 855030102 286 13807 SH Sole 13807
STATE ST BOSTON CORP COM COM 857477103 424 5800 SH Sole 5800
STRIDE RITE CORP COM 863314100 960 147750 SH Sole 147750
SUNTRUST BKS INC COM COM 867914103 370 5373 SH Sole 5373
SUPERGEN INC COM COM 868059106 2787 94880 SH Sole 94880
TEXACO INC COM COM 881694103 410 7550 SH Sole 7550
TIMKEN CO COM COM 887389104 3141 153675 SH Sole 153675
TRIQUINT SEMICONDUCTOR COM COM 89674K103 374 3362 SH Sole 3362
U S WEST INC NEW COM COM 91273h101 1893 26292 SH Sole 26292
V F CORP COM COM 918204108 1491 49700 SH Sole 49700
WAL MART STORES INC COM COM 931142103 723 10465 SH Sole 10465
WARNER LAMBERT CO COM COM 934488107 226 2758 SH Sole 2758
WASHINGTON R EST IN TR SH BEN COM 939653101 202 13443 SH Sole 13443
FLAG INVESTORS EMERGING GROWTH FNDS 33832K100 38611510.438 SH Sole 11510.438
FLAG INVESTORS INTER TR INCOME FNDS 33833H106 17017104.740 SH Sole 17104.740
FLAG INVESTORS VALUE BUILDER F FNDS 33832R105 178372050.163 SH Sole 72050.163
FLAG INVS COMM FD CL A FNDS 338331101 168238544.016 SH Sole 38544.016
FLAG INVS EQUITY PARTN CL A FNDS 33832P109 200 8514.411 SH Sole 8514.411
JANUS INVT FD SH BEN INT FNDS 471023101 83118876.071 SH Sole 18876.071
WASHINGTON MUT INVS FD COM FNDS 939330106 40413664.254 SH Sole 13664.254
REPORT SUMMARY 102 DATA RECORDS 257864 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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