UNITED STATES
SECURITEIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year of 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: Nelson Capital Management, Inc.
Address: 245 Lytton Avenue
Suite 350
Palo Alto, CA 94301
13F File Number: 28-99999
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: Brooks P. Nelson
Title: President
Phone: 650-326-0200
Signature, Place, and Date of Signing:
Brooks P. Nelson Palo Alto, California May 14, 1999
Report Typre(Check only one.):
[X 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPRT 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: 80
Form 13F Information Table Value Total: $227,312
<PAGE>
<TABLE> <C> <C>
NAME OF ISSUER TITLE CUSIP VALUE SHARES/
OF (X$1000) PRN AMT
CLASS
- ---------------------------------------------------------------------------
AT&T Corp UTL 001957109 2069357 25927
Abbott Labs CON 002824100 5430192 116000
ACNielsen CON 004833109 4326356 159497
AirTouch Comunications TEC 00949T100 513561 5315
American Express FIN 025816109 4804200 40800
American Home Products CON 026609107 332775 5100
American Intl Group FIN 026874107 639553 5302
Amgen CON 031162100 2020127 26980
Apache Corp. ENE 037411105 432629 16600
Applied Materials Inc TEC 038222105 205726 3335
Atlantic Richfield ENE 048825103 394875 5400
Avery Dennison Corp IND 053611109 5126125 89150
BP Amoco Plc-ADR ENE 055622104 3289969 32573
Baldor Electric CAP 057741100 4002963 198905
Bell Atlantic Corp. UTL 077853109 305366 5908
Bellsouth Corp UTL 079860102 237006 5916
Bestfoods CON 08658U101 4168900 88700
Boeing Co CAP 097023105 353940 10410
Bristol Myers Squibb CON 110122108 654459 10206
CBS CON 12490K107 5448402 133500
Carnival Corp CON 143658102 3268222 67300
Chevron Corp. ENE 166751107 3172276 35743
Cisco Systems Inc. TEC 17275R102 11159218 101853
Citigroup FIN 172967101 6129125 95955
Coca-Cola CON 191216100 532857 8682
Colgate Palmolive CON 194162103 1011080 10990
Compaq Computers TEC 204493100 4635839 146301
Corvus Systems Inc. TEC 221016108 12 12000
Dial Corp CON 25247D101 3882518 112946
Disney (Walt & Co.) CON 254687106 871188 27990
DuPont (E.I.) deNemours IND 263534109 264414 4554
Enron Corp. ENE 293561106 6383237 99350
Exxon Corp ENE 302290101 753233 10674
Federal National Mtge FIN 313586109 881150 12724
GTE Corp UTL 362320103 4332949 71619
General Electric CAP 369604103 6664016 60239
Harken Energy Corp ENE 412552101 30712 18900
Healtheon CON 422209106 646471 15200
Hewlett Packard TEC 428236103 7148464 105415
Home Depot CON 437076102 881651 14163
IMS Health CON 449934108 5830000 176000
Intel Corporation TEC 458140100 11868480 99840
Int'l Business Machine TEC 459200101 9449338 53310
Johnson & Johnson CON 478160104 6614497 70743
Kennametal CAP 489170100 2001671 113570
Lancaster Colony CON 513847103 501295 18828
Lilly Eli & co CON 532457108 456963 5383
Lucent Technologies TEC 549463107 294340 2725
MCI WorldCom Inc UTL 55268B106 414115 4676
Merck & Co CON 589331107 5992548 74790
Microsoft Corp TEC 594918104 2410912 26900
Miller (Herman) Inc CON 600544100 2987525 163700
Mobil Corp ENE 607059102 216040 2455
Morgan, (J.P. & Co.) FIN 616880100 1517512 12300
Morgan Stanley Dean FIN 617446448 1963257 19644
Motorola, Inc. TEC 620076109 2230828 30455
Newell Co CON 651192106 213750 4500
Novellus Systems Inc TEC 670008101 928635 16846
Oracle Systems TEC 68389X105 2214181 83950
Overland Data TEC 690213103 237750 31700
PG&E Corp. UTL 69331C108 232685 7491
Pall Corporation CAP 696429307 2234213 134900
Pfizer Inc CON 717081103 929625 6700
Philip Morris CON 718154107 332299 9443
Procter & Gamble CON 742718109 519555 5305
SBC Communications Inc. UTL 78387G103 3781896 80147
Sara Lee CON 803111103 5982075 241700
Schering Plough CON 806605101 215475 3900
Schlumberger Ltd ENE 806857108 2124601 35300
Schwab, (Charles & Co.) FIN 808513105 2426483 25243
Staples CON 855030102 1041973 31695
State Street Corp FIN 857477103 7159862 87050
Steris Corp CON 859152100 4451700 167200
Sun Micro Systems TEC 866810104 2123552 16980
Texas Instruments TEC 882508104 5925225 59700
Union Pacific TRN 907818108 2593297 48530
Watson Pharmaceutical CON 942683103 3035800 68800
Wells Fargo FIN 949746101 211704 6038
Xilinx, Inc. TEC 983919101 15368941 378900
Loral Space & Commun. TEC G56462107 872716 60450
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