UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 13-F
FORM 13-F COVER PAGE
Report for the 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: Zak Capital, Inc.
Address: 100 North Sixth Street
Suite 476-A
Minneapolis, MN 55403
13F File Number: 28-6872
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: Kathy A. Carlson
Title: V.P., Director of Portfolio Administration
Phone: 612-372-6449
Signature, Place, and Date of Signing:
Kathy A. Carlson Minneapolis, MN February 8, 2000
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.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 70
Form 13F Information Table Value Total: $671680
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<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>
ACE LIMITED COM G0070k103 1933 115830 SH SOLE 112330 3500
ADC TELECOMMUNICATIONS COM 000886101 13893 191460 SH SOLE 186560 4900
ALLIANT TECHSYSTEMS COM 018804104 10743 172400 SH SOLE 168600 3800
ALTERA CORP COM COM 021441100 5033 101550 SH SOLE 98950 2600
AMERICAN ITALIAN PASTA CO COM 027070101 25556 831085 SH SOLE 815485 15600
AMERISOURCE HEALTH COM 03071P102 457 30100 SH SOLE 30100
APPLIED POWER INC COM 038225108 23808 647825 SH SOLE 635525 12300
AUTODESK INC COM COM 052769106 26295 779105 SH SOLE 763805 15300
AVIATION SALES COMPANY COM 053672101 4409 267240 SH SOLE 267240
BANK UNITED COM 065412108 2410 88450 SH SOLE 85150 3300
BAUSCH AND LOMB COM 071707103 6855 100170 SH SOLE 97570 2600
BIO LOGIC SYS CORP COM COM 090909102 197 25000 SH SOLE 25000
BISYS GROUP COM 055472104 26748 409935 SH SOLE 401935 8000
BROOKTROUT TECH COM 114580103 258 13900 SH SOLE 13900
CNF TRANSPORTATION COM 12612W104 13424 389105 SH SOLE 381305 7800
DIAL CORPORATION COM 25247D101 14735 606070 SH SOLE 593770 12300
DRILL-QUIP INC. COM 262037104 8267 272180 SH SOLE 272180
ENDOSONICS CORP COM COM 29264K105 153 34000 SH SOLE 34000
FAMILY DOLLAR STORES COM 307000109 6935 425110 SH SOLE 414010 11100
FINOVA GROUP INC COM COM 317928109 14064 396170 SH SOLE 389370 6800
FISERV INC COM COM 337738108 11708 305590 SH SOLE 301490 4100
GENERAL ELEC CO COM COM 369604103 216 1393 SH SOLE 1393
GROUP 1 AUTOMOTIVE INC. COM 398905109 1834 131600 SH SOLE 131600
HCC INSURANCE HOLDINGS INC COM 404132102 4892 370975 SH SOLE 363575 7400
HEALTH MANAGEMENT COM 421933102 15429 1153560 SH SOLE 1131860 21700
HELLER FINANCIAL COM 423328103 10534 525070 SH SOLE 517470 7600
HILFIGER TOMMY CORP COM G8915Z102 8650 370070 SH SOLE 358570 11500
HNC SOFTWARE COM 40425P107 19282 182335 SH SOLE 178635 3700
INTEGRATED SILICON SOLUTIONS COM 45812P107 220 13300 SH SOLE 13300
JD EDWARDS COM 281667105 19805 662930 SH SOLE 651530 11400
LINCARE COM 532791100 2990 86190 SH SOLE 83390 2800
LITTELFUSE, INC. COM 537008104 9798 403785 SH SOLE 393285 10500
LORAL SPACE AND COMMUNICATIONS COM G56462107 20423 840010 SH SOLE 825110 14900
M&T BANK COM 55261F104 8316 20074 SH SOLE 19824 250
MANOR CARE COM 564055101 3864 241500 SH SOLE 232400 9100
MAXIM COM 57772K101 5197 110140 SH SOLE 107340 2800
MEDQUIST INC. COM 584949101 426 16500 SH SOLE 16500
MONDAVI ROBERT CORP CL A COM 609200100 10362 298185 SH SOLE 293285 4900
MOOG INC COM 615394202 2222 82290 SH SOLE 82290
NATIONAL INSTRUMENTS COM 636518102 13233 345967 SH SOLE 336817 9150
NATIONWIDE FINANCIAL SERVICES COM 638612101 430 15400 SH SOLE 15400
NORTH FORK BANK COM 659424105 2592 149200 SH SOLE 142600 6600
OMNICARE COM 681904108 14056 1171375 SH SOLE 1153475 17900
ORTHODONTIC CTRS AMER COM COM 68750P103 13434 1125320 SH SOLE 1103320 22000
PAIRGAIN COM 695934109 264 18600 SH SOLE 18600
PEDIATRIX MEDICAL GROUP COM 705324101 7040 1005695 SH SOLE 991395 14300
PEREGRINE SYSTEMS COM 71366Q101 26409 313690 SH SOLE 307990 5700
PIZZA INN INC NEW COM COM 725848105 190 46000 SH SOLE 46000
PROTECTIVE LIFE COM 743674103 11732 368790 SH SOLE 363090 5700
PROVINCE HEALTHCARE COM 743977100 3539 186260 SH SOLE 186260
RACING CHAMPIONS COM 750069106 1584 357060 SH SOLE 357060
RADIAN GROUP INC COM 750236101 17079 357680 SH SOLE 350580 7100
RAYOVAC COM 755081106 283 15000 SH SOLE 15000
RENAL CARE GROUP COM 759930100 2107 90120 SH SOLE 86720 3400
ROBERT HALF INTERNATIONAL COM 770323103 10037 351410 SH SOLE 341810 9600
RSL COMMUNICATIONS CLS A COM G7702U102 24082 1406240 SH SOLE 1381040 25200
SMITH INTERNATIONAL COM 832110100 6948 139830 SH SOLE 133630 6200
SOVEREIGN BANCORP COM 845905108 6498 871805 SH SOLE 855505 16300
STEEL DYNAMICS INC. COM 858119100 15289 959335 SH SOLE 940335 19000
SUNGUARD DATA SYSTEMS COM 867363103 10916 459620 SH SOLE 447820 11800
SYBRON INTL CORP COM COM 87114F106 10703 433520 SH SOLE 422920 10600
SYKES ENTERPRISES, INC. COM 871237103 18369 418665 SH SOLE 411165 7500
SYNOPSYS COM 871607107 20628 309035 SH SOLE 302435 6600
TCF FINANCIAL COM 872275102 6842 275050 SH SOLE 268450 6600
TOTAL RENAL CARE COM 89151A107 7770 1161840 SH SOLE 1148740 13100
TRIGON HEALTHCARE COM 89618L100 484 16400 SH SOLE 16400
US FOODSERVICE COM 90331R101 15960 952840 SH SOLE 932140 20700
WARNACO GROUP INC CL A COM 934390105 8498 690180 SH SOLE 681480 8700
WEATHERFORD COM 947074100 6436 161160 SH SOLE 156260 4900
WESLEY JESSEN COM 951018100 25908 684030 SH SOLE 670230 13800
</TABLE>
