[TYPE]
Form 13F Cover Page
Report for the Calendar Year or Quarter Ended: 12/31/99
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: 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 2/8/2000
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[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: 492,268
[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 CALLDSCRETN MGRS SOLE SHARED NONE
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CG Columbia Energy COM 197648108 49335 780000SH SOLE 500,000 0 0
CIN Cinergy COM 172474108 57900 2400000SH SOLE 600,000 0 0
CMS CMS Energy COM 125896100 48653 1560000SH SOLE 250,000 0 0
EIX Edison Internat COM 281020107 35746 1365000SH SOLE
FPL Florida P&L COM 341109106 47094 1100000SH SOLE 500,000 0 0
GPU Gen Public Util COM 36225X100 47900 1600000SH SOLE 3,390,000 0 0
KLT Kan City P&L COM 485134100 221 10000SH SOLE 990,000 0 0
NES New England ElecCOM 644001109 6728 130000SH SOLE
NMK Niagra Mohawk COM 653520106 36516 2620000SH SOLE 2,500,000 0 0
NU Northeast Util COM 664397106 92120 4480000SH SOLE 5,532,800 0 0
PE PECO Energy COM 693304107 27800 800000SH SOLE 240,000 0 0
PNW Pinnacle West COM 723484101 9780 320000SH SOLE 20,000 0 0
TXU Texas Utilities COM 882848104 18493 520000SH SOLE
UNS Unisource COM 909205106 13984 1250000SH SOLE 1,300,000 0 0
Grand Total 492268
</TABLE>
