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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 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: Schafer Cullen Management, Inc.
Address: 645 Fifth Ave., New York, New York 10022
Form 13F File Number: 28-4310
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: Brendan J. Spillane
Title: Treasurer
Phone: (212) 644-1800
Signature, Place, and Date of Signing:
___________________/s/__________________________
New York, New York
May 14, 1999
Report Type (Check only one.):
|X| 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
|_| 13F NOTICE. (Check here if no holdings reported are in this report, and all
holdings are reported by other reporting manager(s).)
|_| 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
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SCHAFER CULLEN CAPITAL MANAGEMENT, INC.
FORM 13F
March 31, 1999
<TABLE>
<CAPTION>
Voting Authority
--------------------------
Value Shares/ Sh/ Put/ Invstmt
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>
D AG Edwards COM 281760108 227 6950 SH Sole 6950
D Aegon N.V. ADR COM 007924103 6349 70642 SH Sole 70642
D Allstate COM 020002101 9584 258603 SH Sole 258603
D American Express COM 025816109 365 3101 SH Sole 3101
D American Genl Corp. COM 026351106 489 6932 SH Sole 6932
D Ameritech COM 030954101 254 4400 SH Sole 4400
D Archer Daniels COM 039483102 6859 467002 SH Sole 467002
D Armstrong World COM 042476101 8203 181537 SH Sole 181537
D Arrow Electronics COM 042735100 464 30920 SH Sole 30920
D Asia Pulp & Paper COM 04516V100 122 14600 SH Sole 14600
D Atlantic Richfield COM 048825103 842 11518 SH Sole 11518
D Avnet Inc COM 053807103 5570 151561 SH Sole 151561
D BP Amoco PLC COM 055622104 6851 67827 SH Sole 67827
D Banc One Corp COM 06423A103 697 12657 SH Sole 12657
D Bancfirst Corp COM 05945F103 209 6000 SH Sole 6000
D Bank United COM 065412108 258 6300 SH Sole 6300
D Bank of America COM 060505104 2500 35399 SH Sole 35399
D Bank of New York COM 064057102 744 20700 SH Sole 20700
D BankBoston Corp. COM 06605R106 3035 70061 SH Sole 70061
D Bellsouth Corp COM 079860102 815 20331 SH Sole 20331
D Berkley (W.R.) COM 084423102 1326 54135 SH Sole 54135
D Boeing Co COM 097023105 700 20580 SH Sole 20580
D Borg Warner Auto COM 099724106 12332 257922 SH Sole 257922
D Bristol Meyers COM 110122108 218 3400 SH Sole 3400
D British Airways COM 110419306 597 8700 SH Sole 8700
D Burlington N Santa Fe COM 12189T104 2322 70625 SH Sole 70625
D CBS Corporation COM 12490K107 224 5500 SH Sole 5500
D CMS Energy Cl G COM 125896209 707 33870 SH Sole 33870
D CSX Corp COM 126408103 429 11014 SH Sole 11014
D Cadbury Schwepps COM 127209302 1035 17825 SH Sole 17825
D Cadence Design COM 127387108 4556 176920 SH Sole 176920
D Callaway Golf COM 131193104 138 13550 SH Sole 13550
D Canadian National COM 136375102 17526 315070 SH Sole 315070
D Canadian Pacific Ltd COM 135923100 1557 79600 SH Sole 79600
D Carematrix Corporation COM 141706101 230 12100 SH Sole 12100
D Carpenter Tech COM 144285103 889 34262 SH Sole 34262
D Chase Manhattan COM 16161A108 10942 134460 SH Sole 134460
D Chubb Corp COM 171232101 2008 34290 SH Sole 34290
D Citigroup, Inc. COM 172967101 436 6823 SH Sole 6823
D Cleveland-Cliffs COM 185896107 1917 56271 SH Sole 56271
D Community 1st COM 203902101 316 15800 SH Sole 15800
D Cummins Engine Inc COM 231021106 4268 120022 SH Sole 120022
D Cyprus Amax COM 232809103 455 37531 SH Sole 37531
D DaimlerChrysler COM D1668R123 2398 27947 SH Sole 27947
D Dayton Superior COM 240028100 347 20000 SH Sole 20000
D DeBeers Cons Mines COM 240253302 2863 151170 SH Sole 151170
D Diamond Offshore COM 25271C102 12375 391320 SH Sole 391320
D Diebold Inc. COM 253651103 1073 44710 SH Sole 44710
D DuPont de Nemours COM 263534109 370 6370 SH Sole 6370
D ECI Telecom Ltd. COM 268258100 8973 256380 SH Sole 256380
D Eastman Kodak COM 277461109 212 3320 SH Sole 3320
D Exxon Corp. COM 302290101 544 7716 SH Sole 7716
D FDX Corp COM 31304N107 7781 83664 SH Sole 83664
D Fed Nat Mortgage COM 313586109 443 6400 SH Sole 6400
D First Union Corp COM 337358105 3709 69415 SH Sole 69415
D First VA Banks Inc COM 337477103 365 8000 SH Sole 8000
D Flow International COM 343468104 109 11078 SH Sole 11078
D Ford Motor Co. COM 345370100 2644 46646 SH Sole 46646
D Fortune Brands COM 362156CF6 325 8450 SH Sole 8450
D GTE Corp COM 362320103 2380 39341 SH Sole 39341
D Gallaher Group ADS COM 363595109 1117 47520 SH Sole 47520
D General Electric COM 369604103 554 5011 SH Sole 5011
D General Motors COM 370442105 13497 155136 SH Sole 155136
D Goodyr Tire & Rub COM 382550101 4021 80713 SH Sole 80713
D Harman Int'l COM 413086109 3615 98360 SH Sole 98360
D Hartford Financial COM 416515104 495 8720 SH Sole 8720
D Hellenic Telecommunications COM 423325307 1290 110370 SH Sole 110370
D Hewlett Packard COM 428236103 252 3710 SH Sole 3710
D IBM COM 459200101 204 1150 SH Sole 1150
D Innkeepers USA COM 4576J0104 226 24300 SH Sole 24300
D International Paper COM 460146103 214 5066 SH Sole 5066
D Iowa Beef Products COM 449223106 8053 432398 SH Sole 432398
</TABLE>
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SCHAFER CULLEN CAPITAL MANAGEMENT, INC.
FORM 13F
March 31, 1999
<TABLE>
<CAPTION>
Voting Authority
--------------------------
Value Shares/ Sh/ Put/ Invstmt
Name of Issuer Title of class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None
------------------------------ ---------------- --------- -------- ------- --- ---- ------- ---------- -------- -------- --------
<S> <C> <C> <C>
D Key Corp COM 493267108 6041 199278 SH Sole 199278
D Klm Royal Dutch COM 482516101 11078 399209 SH Sole 399209
D LaSalle Re Holdings COM G5383Q101 2144 145374 SH Sole 145374
D Lafarge Corp. COM 505862102 11509 411024 SH Sole 411024
D Lockheed Martin Corp. COM 539830109 413 10940 SH Sole 10940
D Mack-Cali Realty Corp COM 554489104 1081 36796 SH Sole 36796
D May Dept. Stores COM 577778103 4135 105677 SH Sole 105677
D Maytag Corporation COM 578592107 1687 27950 SH Sole 27950
D Mellon Bank COM 585509102 12076 171600 SH Sole 171600
D Merrill Lynch & Co. COM 590188108 2720 30730 SH Sole 30730
D Metamor Worldwide Inc. COM 59133P100 210 15000 SH Sole 15000
D Midcoast Energy COM 59563W104 190 12250 SH Sole 12250
D Minn. Min. & Manuf. COM 604059105 430 6074 SH Sole 6074
D Morgan JP & Co. COM 616880100 254 2058 SH Sole 2058
D Morgan Stanley,Dean Witter,Dis COM 617446448 382 3818 SH Sole 3818
D Nat. Bank of Canada COM 633067103 9823 685510 SH Sole 685510
D National Power ADR COM 637194408 447 14140 SH Sole 14140
D New Holland COM N62648105 728 71044 SH Sole 71044
D Northrop Grumman COM 666807102 6682 111600 SH Sole 111600
D Novartis AD COM 800057101 487 6000 SH Sole 6000
D Old Republic Int'l COM 680223104 8748 479347 SH Sole 479347
D Omnicare, Inc. COM 681904108 8303 435580 SH Sole 435580
D Orcad Inc. COM 685568107 188 22500 SH Sole 22500
D Owens Corning Inc. COM 69073F103 2533 79609 SH Sole 79609
D Owens Illinois COM 690768403 1602 64070 SH Sole 64070
D PNC Bank Corp COM 693475105 1656 29808 SH Sole 29808
D Paine Webber Group COM 695629105 16590 416059 SH Sole 416059
D Partner Re Ltd COM G6852T105 2285 56430 SH Sole 56430
D Pepsi Bottling Group Inc. COM 713409100 434 20000 SH Sole 20000
D Petroleum Geo-Sevices COM 716597109 261 17100 SH Sole 17100
D Philip Morris COM 718154107 657 18660 SH Sole 18660
D Philips Electronics NV COM 500472105 16515 200337 SH Sole 200337
D Phillips Petroleum COM 718507106 8654 183161 SH Sole 183161
D Progressive Corp. COM 743315103 710 4950 SH Sole 4950
D RTI International Metals Inc. COM 74973W107 163 16300 SH Sole 16300
D Raytheon Cl A COM 755111309 10730 185809 SH Sole 185809
D Raytheon Cl B COM 755111408 346 5900 SH Sole 5900
D Repsol COM 76026T205 12297 239937 SH Sole 239937
D Royal Dutch Petrol COM 780257804 1815 34905 SH Sole 34905
D SBC Communications COM 78387G103 9031 191385 SH Sole 191385
D Scana Corp. COM 805898103 1774 81800 SH Sole 81800
D Seamed Corp COM 81218Q100 218 23000 SH Sole 23000
D Sears Roebuck & Co COM 812387108 1892 41871 SH Sole 41871
D Southdown Inc. COM 841297104 1200 22350 SH Sole 22350
D Storage Technology COM 862111200 822 29500 SH Sole 29500
D StudentLoan Mkt COM 78442A109 541 12950 SH Sole 12950
D Summit Bancorp COM 866005101 7914 202915 SH Sole 202915
D Sun Communities COM 866674104 1267 39909 SH Sole 39909
D Sunoco Inc. COM 86764P109 1431 39690 SH Sole 39690
D Tektronix Inc. COM 879131100 1569 62150 SH Sole 62150
D Tele Danmark COM 879242105 934 19060 SH Sole 19060
D Texas Utilities COM 882848104 760 18100 SH Sole 18100
D UCAR Int'l Inc. COM 90262K109 915 64800 SH Sole 64800
D US West INC. COM 91273H101 1458 26470 SH Sole 26470
D Ultramar Diamond COM 904000106 3599 166430 SH Sole 166430
D Unilever NV COM 904784501 399 6000 SH Sole 6000
D Union Planters Corp COM 908068109 1732 39411 SH Sole 39411
D Wash Mutual COM 939322103 269 7700 SH Sole 7700
D Wells Fargo & Co Del COM 949746101 722 20600 SH Sole 20600
D Western Resources COM 959425109 1574 58990 SH Sole 58990
D YPF Sociedad COM 984245100 836 26490 SH Sole 26490
D Zenith Natl Insurance COM 989390109 341 14020 SH Sole 14020
S REPORT SUMMARY 135 DATA RECORDS 408477 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
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