Form 13F Cover Page
Report for the Calendar Year or Quarter Ended: 6/30/99
Check here if Amendment [ X ]; Amendment Number:[ 1 ]
This Amendment (Check only one.):[ X ]is a restatement.
[ ]adds new holdings
entries.
Institutional Investment Manager Filing this Report:
Name: TM Capital Management, Inc.
Address:303 South Broadway
Suite 470
Tarrytown, New York 10591
Form 13F File Number: 028-07166
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: Patricia B. Fallon
Title: Treasurer
Phone: (914) 366 - 4729
Signature, Place, and Date of Signing:
/s/ Patricia B. Fallon Tarrytown, New York 8/13/99
- ----------------------- -------------------- -------
[Signature] [City, State] [Date]
<PAGE>
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).)
<PAGE>
13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 14
Form 13F Information Table Value Total: $498,455
[thousands]
List of Other Included Managers: None
<PAGE>
<TABLE>
FORM 13F INFORMATION TABLE
<CAPTION>
TITLE
OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME of ISSUER CLASS CUSIP (X$1000)PRN AMT PRN CALL DSCRETN MGRS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AYE Allegany Energy COM 017361106 3206 100000 SH SOLE 100,000 0 0
CEG Constellation Engy COM 210371100 16294 550000 SH SOLE 550,000 0 0
CG Columbia Energy COM 197648108 20536 327600 SH SOLE 327,600 0 0
CIN Cinergy COM 172474108 73600 2300000 SH SOLE 2,300,0000 0
EIX Edison Int'l COM 281020107 1070 40000 SH SOLE 40,000 0 0
FE First Energy COM 337932107 68200 2200000 SH SOLE 2,200,0000 0
FPC Florida Progress COM 341109106 20656 500000 SH SOLE 500,000 0 0
ILN Illinova Corp COM 452317100 46325 1700000 SH SOLE 1,700,0000 0
NES New England COM 644001109 12531 250000 SH SOLE 250,000 0 0
NMK Niagra Mohawk COM 653520106 54612 3400000 SH SOLE 3,400,0000 0
NU Northeast Util COM 664397106 97281 5500000 SH SOLE 5,500,0000 0
PNW Pinnacle West COM 723484101 60375 1500000 SH SOLE 1,500,0000 0
TXU Texas Utilities COM 882848104 8250 200000 SH SOLE 200,000 0 0
UNS Unisource COM 909205106 15519 1300000 SH SOLE 1,300,0000 0
Grand Total 498455
</TABLE>
