UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
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: Twin Capital Management, Inc.
Address: 3244 Washington Rd
Suite 202
McMurray, PA 15317
13F File Number: 28-7078
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 Drake
Title: Comptroller
Phone: 724-942-2000
Signature, Place, and Date of Signing:
James Drake McMurray, PA May 17, 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.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 143
Form 13F Information Table Value Total: $507,648,000
List of Other Included Managers:
No. 13F File Number Name
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<TABLE> <C> <C>
FORM 13F INFORMATION TABLE
TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- -------------------------- ------- -------- ------- ------- --- ---- ------- ----------- ------ ------ --------
APPLE COMPUTER INC COM 03783310 2717 75600 SOLE 58700 16900
ABBOTT LABS COM 00282410 11132 237800 SOLE 41000 196800
AMERICAN INTL GROUP COM 02687410 1230 10200 SOLE 0 10200
AMERITECH CORP COM 03095410 5083 88200 SOLE 0 88200
AMERICAN GREETINGS CP COM 02637510 2548 100400 SOLE 77900 22500
AMERICA ONLINE INC DEL COM 02364J10 7335 49900 SOLE 0 49900
AIR PRODS & CHEMS INC COM 00915810 2593 75700 SOLE 58900 16800
ASHLAND INC COM COM 04420410 2943 71900 SOLE 45900 26000
AMSOUTH BANCORPORATION COM 03216510 733 16100 SOLE 0 16100
ALLIED WASTE INDS INC COM 01958930 2465 170700 SOLE 132900 37800
BAXTER INTL INC COM 07181310 304 4600 SOLE 4600 0
BRUNSWICK CORP COM 11704310 2388 125300 SOLE 97300 28000
BELL ATLANTIC CORP COM 07785310 9229 178553 SOLE 37400 141153
BESTFOODS COM COM 08658U10 498 10600 SOLE 0 10600
BELLSOUTH CORP COM 07986010 9971 248900 SOLE 42900 206000
BMC SOFTWARE INC COM 05592110 2769 74700 SOLE 58000 16700
BRISTOL MYERS SQUIBB C COM 11012210 12120 189000 SOLE 32700 156300
BURLINGTON NORTHN COM 12189T10 1834 55800 SOLE 39700 16100
ANHEUSER BUSCH COS INC COM 03522910 662 8700 SOLE 0 8700
COMPUTER ASSOC INTL COM 20491210 306 8600 SOLE 0 8600
CADENCE DESIGN SYS INC COM 12738710 2912 113100 SOLE 87800 25300
COASTAL CORP COM 19044110 3148 95400 SOLE 57500 37900
CHEVRON CORPORATION COM 16675110 4624 52100 SOLE 0 52100
CLOROX CO COM 18905410 2262 19300 SOLE 14400 4900
COMERICA INC COM 20034010 456 7300 SOLE 0 7300
CHASE MANHATTAN CORP COM 16161A10 10188 125200 SOLE 23900 101300
COMPAQ COMPUTER CORP COM 20449310 2624 82800 SOLE 64200 18600
CRANE CO COM COM 22439910 2528 104500 SOLE 81100 23400
CISCO SYS INC COM 17275R10 3780 34500 SOLE 0 34500
CENTEX CORP COM 15231210 3087 92500 SOLE 58700 33800
DELL COMPUTER CORP COM 24702510 9929 242900 SOLE 0 242900
DEXTER CORP COM 25216510 488 15500 SOLE 0 15500
DAYTON HUDSON CORP COM 23975310 3411 51200 SOLE 29000 22200
DIAL CORP ARIZ COM 25247D10 2423 70500 SOLE 52400 18100
DIME BANCORP INC NEW COM 25429Q10 2354 101500 SOLE 78700 22800
DONNELLEY R R & SONS COM 25786710 2282 70900 SOLE 55200 15700
D S T SYSTEMS INC DEL COM 23332610 2793 46500 SOLE 36100 10400
BRINKER INTL INC COM 10964110 2633 101500 SOLE 78700 22800
ENGELHARD CORP COM 29284510 2495 147300 SOLE 114200 33100
E M C CORP MASS COM 26864810 4931 38600 SOLE 0 38600
ENTERGY CORP COM 29364G10 479 17400 SOLE 0 17400
FORD MTR CO DEL COM 34537010 8378 147800 SOLE 33700 114100
FORT JAMES CORP COM COM 34747110 3178 100300 SOLE 60600 39700
FLEET FINL GROUP INC N COM 33891510 640 17000 SOLE 0 17000
FEDERAL MOGUL CORP COM 31354910 2471 57800 SOLE 44800 13000
FEDERAL NATL MTG ASSN COM 31358610 8220 118700 SOLE 28700 90000
FLORIDA PROGRESS CORP COM 34110910 2359 62500 SOLE 48500 14000
FEDERAL HOME LN MTG CO COM 31340030 499 8700 SOLE 0 8700
GILLETTE CO COM 37576610 3424 57600 SOLE 0 57600
GENERAL DYNAMICS CORP COM 36955010 495 7700 SOLE 0 7700
GUIDANT CORP COM 40169810 702 11600 SOLE 0 11600
GENERAL ELEC CO COM 36960410 12125 109600 SOLE 0 109600
GENERAL INSTR CORP NEW COM 37012010 2874 94800 SOLE 56700 38100
GENERAL MLS INC COM 37033410 2577 34100 SOLE 26500 7600
GENERAL MTRS CORP COM 37044210 7621 87600 SOLE 22000 65600
GENENTECH INC COM 36871030 2676 30200 SOLE 23500 6700
GAP INC DEL COM 36476010 781 11600 SOLE 0 11600
GPU INC COM COM 36225X10 340 9100 SOLE 0 9100
GTE CORP COM COM 36232010 7054 116600 SOLE 0 116600
HILLENBRAND INDS INC COM 43157310 2670 57800 SOLE 45100 12700
HOME DEPOT INC COM 43707610 5522 88700 SOLE 0 88700
HOUSEHOLD INTL CORP COM 44181510 3404 74600 SOLE 44500 30100
HIBERNIA CORP COM 42865610 2220 168300 SOLE 129900 38400
HILTON HOTELS CORP COM 43284810 2441 173600 SOLE 134700 38900
HONEYWELL INC COM 43850610 826 10900 SOLE 0 10900
HEWLETT PACKARD CO COM 42823610 6978 102900 SOLE 0 102900
INTERNATIONAL BUS MACH COM 45920010 3811 21500 SOLE 0 21500
INTEL CORP COM 45814010 10556 88800 SOLE 16600 72200
JONES APPAREL GROUP IN COM 48007410 2875 102900 SOLE 79900 23000
KELLOGG CO COM 48783610 2323 68700 SOLE 53400 15300
KELLY SVCS INC COM 48815220 377 13600 SOLE 0 13600
KEYCORP NEW COM COM 49326710 549 18100 SOLE 0 18100
K MART CORP COM 48258410 2550 151700 SOLE 117700 34000
COCA COLA CO COM 19121610 4873 79400 SOLE 0 79400
MBNA CORP COM 55262L10 3289 137750 SOLE 78800 58950
KING WORLD PRODTNS INC COM 49566710 648 21200 SOLE 0 21200
LG&E ENERGY CORP COM 50191710 1332 64000 SOLE 51300 12700
LILLY ELI & CO COM 53245710 6289 74100 SOLE 0 74100
LOEWS CORP COM 54042410 2955 39600 SOLE 24600 15000
LUCENT TECHNOLOGIES COM 54946310 15260 141300 SOLE 19600 121700
SOUTHWEST AIRLS CO COM 84474110 844 27900 SOLE 0 27900
LEXMARK INTL GRP COM 52977110 906 8100 SOLE 0 8100
MCKESSON HBOC INC COM 58155Q10 376 5698 SOLE 0 5698
MEAD CORP COM 58283410 2276 74000 SOLE 57700 16300
PHILIP MORRIS COS INC COM 71815410 7368 209400 SOLE 0 209400
MERITOR AUTOMOTIVE COM 59000G10 357 23000 SOLE 0 23000
MERCK & CO INC COM 58933110 6466 80700 SOLE 0 80700
MICROSOFT CORP COM 59491810 26099 291200 SOLE 23000 268200
MGIC INVT CORP WIS COM 55284810 2388 68100 SOLE 52800 15300
MICRON TECHNOLOGY INC COM 59511210 2429 50400 SOLE 39200 11200
MORGN ST D WITTR COM COM 61744644 2498 25000 SOLE 19400 5600
MAYTAG CORP COM 57859210 2832 46900 SOLE 36500 10400
NATIONAL CITY CORP COM 63540510 2416 36400 SOLE 28200 8200
ENERGY EAST COM 29266M10 457 8700 SOLE 0 8700
NETWORKS ASSOCS COM 64093810 2780 90600 SOLE 70300 20300
NORTH FORK BANCORPORAT COM 65942410 2360 111700 SOLE 86600 25100
NEW YORK TIMES CO COM 65011110 3041 106700 SOLE 65700 41000
QUAKER OATS CO COM 74740210 3847 61800 SOLE 36300 25500
OWENS ILL INC COM NEW COM 69076840 2488 99500 SOLE 77300 22200
BANC ONE CORP COM COM 06423A10 3799 69000 SOLE 0 69000
ORACLE CORP COM COM 68389X10 285 10800 SOLE 0 10800
OLD REP INTL CORP COM 68022310 2329 127600 SOLE 99200 28400
OWENS CORNING FIBERGL COM 69073F10 2806 88200 SOLE 68500 19700
PACCAR INC COM 69371810 2393 58100 SOLE 45100 13000
PROCTER & GAMBLE CO COM 74271810 10029 102400 SOLE 0 102400
PACIFICARE HEALTH SYS COM 69511220 2477 36300 SOLE 28100 8200
PNC BANK CORP COM COM 69347510 733 13200 SOLE 0 13200
PINNACLE WEST CAP CORP COM 72348410 2463 67700 SOLE 52800 14900
QUANTUM CORP COM 74790610 2470 137200 SOLE 106600 30600
ROYAL DUTCH PETE CO COM 78025780 6848 131700 SOLE 0 131700
ROBERT HALF INTL INC COM 77032310 2389 72800 SOLE 56100 16700
COORS ADOLPH CO CL B COM 21701610 340 6300 SOLE 0 6300
RELIASTAR FINANCIAL COM 75952U10 2430 57000 SOLE 44200 12800
SBC COMMUNICATIONS INC COM 78387G10 9461 200500 SOLE 38700 161800
SEAGATE TECHNOLOGY COM 81180410 2418 81800 SOLE 63300 18500
SCIENTIFIC ATLANTA INC COM 80865510 2218 81400 SOLE 63400 18000
SCHERING PLOUGH CORP COM 80660510 10138 183500 SOLE 0 183500
SHAW INDS INC COM 82028610 2209 119400 SOLE 92700 26700
SCRIPPS E W CO COM 81105420 1920 43400 SOLE 34300 9100
SUNOCO INC COM 86764P10 480 13300 SOLE 0 13300
SUPERVALU INC COM 86853610 2947 142900 SOLE 90800 52100
SAFEWAY INC COM 78651420 677 13200 SOLE 0 13200
TERADYNE INC COM 88077010 2455 45000 SOLE 34900 10100
TJX COS INC NEW COM 87254010 1078 31700 SOLE 0 31700
TIMES MIRROR CO COM 88736410 433 8000 SOLE 0 8000
TYCO INTL LTD NEW COM COM 90212410 947 13200 SOLE 0 13200
UAL CORP COM COM 90254950 2656 34100 SOLE 26400 7700
UNIVERSAL HLTH SVCS IN COM 91390310 2673 61800 SOLE 48000 13800
UNION CARBIDE CORP COM 90558110 325 7200 SOLE 7200 0
UNIONBANCAL CORP COM COM 90890610 610 17900 SOLE 0 17900
UNION PAC CORP COM 90781810 2699 50500 SOLE 39200 11300
U S G CORP COM 90329340 2728 53100 SOLE 41200 11900
U S WEST INC COM 91273H10 2483 45100 SOLE 35000 10100
UNIVERSAL CORP COM 91345610 274 10700 SOLE 0 10700
VIACOM INC COM 92552430 2182 26000 SOLE 19300 6700
VULCAN MATLS CO COM 92916010 892 21600 SOLE 0 21600
WARNACO GROUP INC COM 93439010 378 15300 SOLE 0 15300
WELLS FARGO & CO NEW COM 94974610 1914 54600 SOLE 0 54600
WARNER LAMBERT CO COM 93448810 6532 98600 SOLE 0 98600
WAL MART STORES INC COM 93114210 16022 173800 SOLE 19000 154800
WORLD COLOR PRESS INC COM 98144310 1796 84500 SOLE 61000 23500
EXXON CORP COM 30229010 14889 211000 SOLE 26800 184200
YORK INTL CORP NEW COM 98667010 346 9800 SOLE 0 9800
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