<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
REPORT FOR THE CALENDAR YEAR OR QUARTER ENDED: 9/30/99
CHECK HERE IF AMENDMENT ( ); AMENDMENT NUMBER: 1
THIS AMENDMENT (CHECK ONLY ONE.): ( ) IS A RESTATEMENT.
( ) ADDS NEW HOLDINGS ENTRIES
INSTITUTIONAL INVESTMENT MANAGER FILING THIS REPORT:
NAME: WELLS CAPITAL MANAGEMENT INCORPORATED
ADDRESS: 525 MARKET ST.
10TH FLOOR
SAN FRANCISCO, CA 94105
13F FILE NUMBER: 28-04413
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: BRIGID BREEN
TITLE: CHIEF COMPLIANCE OFFICER
PHONE: (415)396-7016
SIGNATURE,PLACE,AND DATE OF SIGNING:
/s/BRIGID BREEN SAN FRANCISCO, CA 11/08/99
REPORT TYPE (CHECK ONLY ONE.):
<PAGE>
( 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.
<PAGE>
FORM 13F SUMMARY PAGE
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 608
FORM 13F INFORMATION TABLE VALUE TOTAL: $4,000,398 (x$1000)
<PAGE>
<TABLE>
<CAPTION>
Wells Capital Management
FORM 13F
September 30, 1999
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> <C> <C> <C> <C> <C>
24/7 MEDIA INCE Common Stock 901314104 2119 55950 SH Sole 55950 0 0
ABACUS DIRECT CORP COM Common Stock 002553105 6654 54600 SH Sole 54600 0 0
ABBOTT LABS COM Common Stock 002824100 12981 353816 SH Sole 346406 0 7410
ACTIVE SOFTWARE INC COM Common Stock 00504E100 837 34975 SH Sole 34975 0 0
ACTUATE SOFTWARE CORP COM Common Stock 00508B102 1598 47175 SH Sole 47175 0 0
AES CORP COM Common Stock 00130H105 18836 319248 SH Sole 316283 0 2965
AFFYMETRIX INC COM Common Stock 00826T108 911 9250 SH Sole 9250 0 0
AFLAC INC COM Common Stock 001055102 3237 77300 SH Sole 76800 0 500
AGILE SOFTWARE CP DEL COM Common Stock 00846X105 2390 37346 SH Sole 37346 0 0
AIRGATE PCS INC COM Common Stock 009367103 611 24575 SH Sole 24575 0 0
AIRONET WIRELESS COMM COM Common Stock 00943A107 786 37450 SH Sole 37450 0 0
ALBERTSONS INC COM Common Stock 013104104 7420 187561 SH Sole 185846 0 1715
ALCOA INC Common Stock 013817101 14001 225595 SH Sole 222730 0 2865
ALCOA INC Common Stock 013817101 397 6400 SH Other 0 0 6400
ALLERGAN INC COM Common Stock 018490102 2626 23875 SH Sole 23875 0 0
ALLIEDSIGNAL INC Common Stock 019512102 59027 984805 SH Sole 976925 0 7880
ALLIEDSIGNAL INC Common Stock 019512102 111 1850 SH Other 0 0 1850
ALLTEL CORP Common Stock 020039103 22171 315045 SH Sole 315045 0 0
AMERICA ONLINE INC DEL Common Stock 02364J104 16790 161344 SH Sole 159299 0 2045
AMERICA ONLINE INC DEL Common Stock 02364J104 167 1600 SH Other 0 0 1600
AMERICAN EXPRESS CO COM Common Stock 025816109 319 2363 SH Sole 475 0 1888
AMERICAN EXPRESS CO COM Common Stock 025816109 473 3500 SH Other 0 0 3500
AMERICAN GENERAL CORP COM Common Stock 026351106 272 4300 SH Other 0 0 4300
AMERICAN HEALTH PPTYS COM Common Stock 026494104 4830 240000 SH Sole 240000 0 0
AMERICAN HOME PRODS CP Common Stock 026609107 49060 1182175 SH Sole 1180586 0 1589
AMERICAN HOME PRODS CP Common Stock 026609107 187 4500 SH Other 0 0 4500
AMERICAN INTL GROUP Common Stock 026874107 47741 549141 SH Sole 539281 0 9860
AMERICAN INTL GROUP Common Stock 026874107 339 3901 SH Other 0 0 3901
AMERICAN ITALIAN PASTA CL A Common Stock 027070101 1632 57000 SH Sole 57000 0 0
AMERICAN POWER CONVERSION CORP Common Stock 029066107 5984 314970 SH Sole 308405 0 6565
AMERICAN POWER CONVERSION CORP Common Stock 029066107 15 800 SH Other 0 0 800
AMERICAN TOWER CORP CL A Common Stock 029912201 571 29100 SH Sole 29100 0 0
AMERICAN WTR WKS INC Common Stock 030411102 5740 198362 SH Sole 195742 0 2620
AMERICREDIT CORP COM Common Stock 03060R101 1798 120350 SH Sole 120350 0 0
AMERISOURCE HEALTH CP CL A Common Stock 03071p102 796 33600 SH Sole 33600 0 0
AMERITECH CORP NEW COM Common Stock 030954101 7784 116608 SH Sole 110475 0 6133
AMERITECH CORP NEW COM Common Stock 030954101 501 7500 SH Other 0 0 7500
AMES DEPT STORES INC COM NEW Common Stock 030789507 2039 63975 SH Sole 63975 0 0
AMFM INC Common Stock 001693100 6848 112719 SH Sole 112719 0 0
AMGEN INC COM Common Stock 031162100 4393 53900 SH Sole 53500 0 400
AMKOR TECHNOLOGY INC COM Common Stock 031652100 1324 82125 SH Sole 82125 0 0
AMVESCAP PLC ADR Common Stock 03235E100 3402 83100 SH Sole 83100 0 0
ANADARKO PETE CORP COM Common Stock 032511107 1385 45317 SH Sole 45317 0 0
ANALOG DEVICES INC COM Common Stock 032654105 3222 62878 SH Sole 62878 0 0
ANHEUSER BUSCH COS INC COM Common Stock 035229103 10264 146496 SH Sole 144275 0 2221
ANHEUSER BUSCH COS INC COM Common Stock 035229103 343 4900 SH Other 0 0 4900
ANTEC CORP COM Common Stock 03664P105 1375 25875 SH Sole 25875 0 0
<PAGE>
<CAPTION>
Wells Capital Management
FORM 13F
September 30, 1999
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> <C> <C> <C> <C> <C>
AON CORP COM Common Stock 037389103 30663 1037216 SH Sole 1037216 0 0
APPLE COMPUTER INC COM Common Stock 037833100 5001 78995 SH Sole 76975 0 2020
APPLIED MATLS INC COM Common Stock 038222105 3511 45200 SH Sole 44900 0 300
APPLIED MICRO CIRCUITS Common Stock 03822W109 2143 37600 SH Sole 37600 0 0
ARACRUZ CELULOSE S.A. ADR Common Stock 038496204 2088 100000 SH Sole 100000 0 0
ARCHSTONE CMNTYS TR SH BEN INT Common Stock 039581103 1665 84300 SH Sole 84300 0 0
ARDEN RLTY GROUP INC COM Common Stock 039793104 4293 197400 SH Sole 197400 0 0
ARIBA INC COM Common Stock 04033V104 1488 10300 SH Sole 10300 0 0
ARM HOLDINGS PLC ADR Common Stock 042068106 4216 89700 SH Sole 89700 0 0
ASE TEST LIMITED Common Stock Y02516105 1165 48050 SH Sole 48050 0 0
ASHFORD.COM INC Common Stock 044093102 244 26450 SH Sole 26450 0 0
ASPECT TELECOMMUNICATIONS CORP Common Stock 045237104 848 50000 SH Sole 50000 0 0
ASSOCIATES FIRST CAP CL A Common Stock 046008108 8635 239874 SH Sole 238082 0 1792
ASSOCIATES FIRST CAP CL A Common Stock 046008108 229 6361 SH Other 0 0 6361
AT&T CORP COM Common Stock 001957109 32989 758360 SH Sole 742899 0 15461
AT&T CORP COM Common Stock 001957109 683 15693 SH Other 0 0 15693
ATLANTIC RICHFIELD CO Common Stock 048825103 42460 479098 SH Sole 476550 0 2548
ATLANTIC RICHFIELD CO Common Stock 048825103 372 4200 SH Other 0 0 4200
ATMEL CORP COM Common Stock 049513104 1768 52275 SH Sole 52275 0 0
AUTOMATIC DATA PROCESS COM Common Stock 053015103 12130 271810 SH Sole 271810 0 0
AUTOMATIC DATA PROCESS COM Common Stock 053015103 219 4900 SH Other 0 0 4900
AVALON BAY CMNTYS INC COM Common Stock 053484101 1425 44350 SH Sole 44350 0 0
AVERY DENNISON CORP COM Common Stock 053611109 1457 27622 SH Sole 27102 0 520
AVERY DENNISON CORP COM Common Stock 053611109 129 2450 SH Other 0 0 2450
AVIS RENT A CAR INC Common Stock 053790101 852 40800 SH Sole 40800 0 0
AXA-SA ADR Common Stock 054536107 4658 73000 SH Sole 73000 0 0
BAKER HUGHES INC COM Common Stock 057224107 5878 202682 SH Sole 198827 0 3855
BANCO SANTANDER CENTRAL HISPAN Common Stock 05964H105 1939 188000 SH Sole 188000 0 0
BANK OF AMERICA CORP Common Stock 060505104 17095 306978 SH Sole 301286 0 5692
BANK OF AMERICA CORP Common Stock 060505104 125 2239 SH Other 0 0 2239
BANK ONE CORP Common Stock 06423A103 2242 64408 SH Sole 60370 0 4038
BANK ONE CORP Common Stock 06423A103 147 4218 SH Other 0 0 4218
BARRETT RES CORP COM PAR $0.01 Common Stock 068480201 774 20947 SH Sole 20947 0 0
BAXTER INTL INC Common Stock 071813109 15698 260545 SH Sole 254445 0 6100
BAXTER INTL INC Common Stock 071813109 202 3350 SH Other 0 0 3350
BEAR STEARNS COS INC Common Stock 073902108 8072 210000 SH Sole 210000 0 0
BELL ATLANTIC CORP Common Stock 077853109 20836 309546 SH Sole 302995 0 6551
BELLSOUTH CORP Common Stock 079860102 4196 93255 SH Sole 92600 0 655
BEST BUY INC COM Common Stock 086516101 4307 69475 SH Sole 69475 0 0
BESTFOODS Common Stock 08658U101 97 1991 SH Sole 575 0 1416
BESTFOODS Common Stock 08658U101 296 6100 SH Other 0 0 6100
BINDVIEW DEV CORP COM Common Stock 090327107 1572 79825 SH Sole 79825 0 0
BIOGEN INC COM Common Stock 090597105 7174 91025 SH Sole 91025 0 0
BJ SVCS CO COM Common Stock 055482103 2610 82032 SH Sole 82032 0 0
BJS WHOLESALE CLUB INC COM Common Stock 05548J106 4511 152582 SH Sole 152582 0 0
BOWATER INC COM Common Stock 102183100 6693 127485 SH Sole 125575 0 1910
BP AMOCO PLC ADR Common Stock 055622104 6438 58100 SH Sole 57900 0 200
<PAGE>
<CAPTION>
Wells Capital Management
FORM 13F
September 30, 1999
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> <C> <C> <C> <C> <C>
BRISTOL MYERS SQUIBB Common Stock 110122108 61504 911168 SH Sole 904223 0 6945
BRISTOL MYERS SQUIBB Common Stock 110122108 101 1500 SH Other 0 0 1500
BRITISH TELECOMMUNICATIONS PLC Common Stock 111021408 3564 23000 SH Sole 23000 0 0
BROADCOM CORP CL A Common Stock 111320107 3697 33917 SH Sole 33917 0 0
BROADVISION INC COM Common Stock 111412102 5782 43450 SH Sole 43450 0 0
BURLINGTON NRTHN SANTA COM Common Stock 12189T104 635 23102 SH Sole 21110 0 1992
BURLINGTON NRTHN SANTA COM Common Stock 12189T104 322 11700 SH Other 0 0 11700
BURLINGTON RES INC COM Common Stock 122014103 1283 34925 SH Sole 34675 0 250
BURR BROWN CORP Common Stock 122574106 695 17600 SH Sole 17600 0 0
CAMBREX CORP Common Stock 132011107 1391 52600 SH Sole 52600 0 0
CANADIAN NATL RY CO COM Common Stock 136375102 10135 334350 SH Sole 328600 0 5750
CANAL PLUS ADR Common Stock 137041208 3135 262400 SH Sole 262400 0 0
CAPITAL ONE FINL CORP COM Common Stock 14040H105 1909 48943 SH Sole 48943 0 0
CAPROCK COMMUNICATIONS COM Common Stock 140667106 600 25800 SH Sole 25800 0 0
CAREMARK RX INC Common Stock 141705103 631 109654 SH Sole 109654 0 0
CATELLUS DEV CORP COM Common Stock 149111106 764 65000 SH Sole 65000 0 0
CBS CORP COM Common Stock 12490K107 4356 94194 SH Sole 92400 0 1794
CENTOCOR INC Common Stock 152342101 2074 35420 SH Sole 35420 0 0
CEPHALON INC COM Common Stock 156708109 1522 84725 SH Sole 84725 0 0
CERUS CORP COM Common Stock 157085101 1025 44075 SH Sole 44075 0 0
CHASE MANHATTAN NEW Common Stock 16161A108 50514 670172 SH Sole 659431 0 10741
CHASE MANHATTAN NEW Common Stock 16161A108 580 7700 SH Other 0 0 7700
CHEAP TICKETS INC COM Common Stock 162672109 808 24950 SH Sole 24950 0 0
CHECK POINT SOFTWARE ORD Common Stock M22465104 3112 36850 SH Sole 36850 0 0
CHEMDEX CORP Common Stock 163595101 1531 49675 SH Sole 49675 0 0
CHEUNG KONG HLDGS LTD ADR Common Stock 166744201 2417 290000 SH Sole 290000 0 0
CHEVRON CORPORATION Common Stock 166751107 23577 265657 SH Sole 261020 0 4637
CHEVRON CORPORATION Common Stock 166751107 107 1200 SH Other 0 0 1200
CHILDRENS PL RETAIL COM Common Stock 168905107 318 11950 SH Sole 11950 0 0
CHIREX INC COM Common Stock 170038103 2226 86250 SH Sole 86250 0 0
CHIRON CORP COM Common Stock 170040109 1281 46250 SH Sole 46250 0 0
CIGNA CORP Common Stock 125509109 26718 343642 SH Sole 337775 0 5867
CIGNA CORP Common Stock 125509109 397 5100 SH Other 0 0 5100
CINCINNATI BELL INC COM Common Stock 171870108 1187 61072 SH Sole 61072 0 0
CINERGY CORP Common Stock 172474108 6235 220209 SH Sole 220209 0 0
CIRCUIT CITY STORES INC Common Stock 172737108 2995 70987 SH Sole 70987 0 0
CISCO SYS INC Common Stock 17275R102 34453 502499 SH Sole 490134 0 12365
CISCO SYS INC Common Stock 17275R102 662 9650 SH Other 0 0 9650
CITIGROUP INC Common Stock 172967101 50433 1146215 SH Sole 1127825 0 18390
CITIGROUP INC Common Stock 172967101 310 7050 SH Other 0 0 7050
CITRIX SYS INC Common Stock 177376100 3043 49124 SH Sole 49124 0 0
CITY NATL CORP COM Common Stock 178566105 1007 30000 SH Sole 30000 0 0
CLEAR CHANNEL COMMUN COM Common Stock 184502102 13363 167301 SH Sole 165561 0 1740
CLOROX CO DEL COM Common Stock 189054109 2750 71900 SH Sole 71400 0 500
CMG INFORMATION SERVICES INC Common Stock 125750109 2186 21325 SH Sole 21325 0 0
COASTAL CORP COM Common Stock 190441105 3111 76000 SH Sole 71425 0 4575
COCA COLA CO COM Common Stock 191216100 16998 352298 SH Sole 345300 0 6998
<PAGE>
<CAPTION>
Wells Capital Management
FORM 13F
September 30, 1999
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> <C> <C> <C> <C> <C>
COCA COLA CO COM Common Stock 191216100 169 3500 SH Other 0 0 3500
COLGATE PALMOLIVE CO COM Common Stock 194162103 9009 196925 SH Sole 191600 0 5325
COLUMBIA ENERGY GROUP Common Stock 197648108 4837 87347 SH Sole 85250 0 2097
COMMERCE ONE INC DEL COM Common Stock 200693109 910 9317 SH Sole 9317 0 0
COMMERCIAL FEDERAL CP COM Common Stock 201647104 1134 57775 SH Sole 57775 0 0
COMMONWEALTH TEL ENTPR COM Common Stock 203349105 783 17800 SH Sole 17800 0 0
COMMSCOPE INC COM Common Stock 203372107 936 28800 SH Sole 28800 0 0
COMMUNITY FIRST BANKSH Common Stock 203902101 1587 94025 SH Sole 94025 0 0
COMPUTER SCIENCES CORP COM Common Stock 205363104 2872 40851 SH Sole 40101 0 750
COMPUTER SCIENCES CORP COM Common Stock 205363104 184 2616 SH Other 0 0 2616
COMVERSE TECHNOLOGY COM PAR $0 Common Stock 205862402 3606 38233 SH Sole 38233 0 0
CONCENTRIC NETWORK CP COM Common Stock 20589R107 649 31975 SH Sole 31975 0 0
CONCORD EFS INC COM Common Stock 206197105 3427 166142 SH Sole 166142 0 0
CONCUR TECHNOLOGIES Common Stock 206708109 1937 67950 SH Sole 67950 0 0
CONEXANT SYSTEMS INC COM Common Stock 207142100 1920 26425 SH Sole 26425 0 0
CONOCO INC CL A Common Stock 208251306 7850 282900 SH Sole 282900 0 0
CONOCO INC CL B Common Stock 208251405 11325 413711 SH Sole 409022 0 4689
CONOCO INC CL B Common Stock 208251405 123 4478 SH Other 0 0 4478
CONSOLIDATED STORES CP COM Common Stock 210149100 3313 150175 SH Sole 150000 0 175
CONVERGYS CORP Common Stock 212485106 1220 61593 SH Sole 61593 0 0
COPPER MTN NETWORKS COM Common Stock 217510106 1779 20300 SH Sole 20300 0 0
COSTCO WHOLESALE CORP COM Common Stock 22160K105 8062 111972 SH Sole 108602 0 3370
COSTCO WHOLESALE CORP COM Common Stock 22160K105 353 4900 SH Other 0 0 4900
COVAD COMMUNICATIONS Common Stock 222814204 1103 25300 SH Sole 25300 0 0
CROWN CASTLE INTERNATIONAL COR Common Stock 228227104 1321 70575 SH Sole 70575 0 0
CSK AUTO CORP COM Common Stock 125965103 1511 69250 SH Sole 69250 0 0
CTC COMMUNICATIONS GROUP INC Common Stock 126419100 829 50425 SH Sole 50425 0 0
CUMULUS MEDIA INC CL A Common Stock 231082108 3797 116175 SH Sole 116175 0 0
CYBERSOURCE CORP COM Common Stock 23251J106 676 12200 SH Sole 12200 0 0
CYMER INC COM Common Stock 232572107 3365 97000 SH Sole 97000 0 0
CYPRESS SEMICONDUCTOR COM Common Stock 232806109 1537 71475 SH Sole 71475 0 0
CYTYC CORP COM Common Stock 232946103 637 16475 SH Sole 16475 0 0
DANA CORP Common Stock 235811106 39135 1054146 SH Sole 1051356 0 2790
DANAHER CORP DEL Common Stock 235851102 9234 175254 SH Sole 171729 0 3525
DAYTON HUDSON CORP Common Stock 239753106 20735 345230 SH Sole 337775 0 7455
DAYTON HUDSON CORP Common Stock 239753106 153 2550 SH Other 0 0 2550
DBS GROUP HOLDINGS LIMITED ADR Common Stock 251594305 4790 107181 SH Sole 107181 0 0
DELHAIZE AMER INC CL B Common Stock 246688204 2815 124441 SH Sole 118432 0 6009
DELL COMPUTER CORP COM Common Stock 247025109 13311 318350 SH Sole 313115 0 5235
DELL COMPUTER CORP COM Common Stock 247025109 151 3600 SH Other 0 0 3600
DELPHI AUTO SYS CORP COM Common Stock 247126105 260 16215 SH Sole 9793 0 6422
DELPHI AUTO SYS CORP COM Common Stock 247126105 111 6913 SH Other 0 0 6913
DESTIA COMMUNICATIONS COM Common Stock 25063E100 125 10000 SH Sole 10000 0 0
DEUTSCHE BANK, AG ADR Common Stock 251525309 4547 70000 SH Sole 70000 0 0
DEVON ENERGY CORP COM Common Stock 251799102 1503 36775 SH Sole 36775 0 0
DEVRY INC DEL COM Common Stock 251893103 608 30400 SH Sole 30400 0 0
DIAL CORP NEW COM Common Stock 25247D101 1390 54513 SH Sole 54513 0 0
<PAGE>
<CAPTION>
Wells Capital Management
FORM 13F
September 30, 1999
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> <C> <C> <C> <C> <C>
DIAMOND OFFSHORE DRILL COM Common Stock 25271C102 2561 76748 SH Sole 76748 0 0
DIGITAL INSIGHT CORP COM Common Stock 25385P106 263 17500 SH Sole 17500 0 0
DIGITAL MICROWAVE CORP COM Common Stock 253859102 784 50000 SH Sole 50000 0 0
DII GROUP INC COM Common Stock 232949107 590 16775 SH Sole 16775 0 0
DISNEY WALT CO Common Stock 254687106 5890 226535 SH Sole 219640 0 6895
DISNEY WALT CO Common Stock 254687106 168 6450 SH Other 0 0 6450
DOLLAR GEN CORP COM Common Stock 256669102 4068 131767 SH Sole 131767 0 0
DOW CHEM CO COM Common Stock 260543103 25586 225177 SH Sole 225100 0 77
DOW CHEM CO COM Common Stock 260543103 68 600 SH Other 0 0 600
DU PONT E I DE NEMOURS Common Stock 263534109 19636 324561 SH Sole 318688 0 5873
DU PONT E I DE NEMOURS Common Stock 263534109 129 2131 SH Other 0 0 2131
DUKE ENERGY CORP Common Stock 264399106 40723 738735 SH Sole 737525 0 1210
DUKE ENERGY CORP Common Stock 264399106 162 2942 SH Other 0 0 2942
DUKE REALTY INVT INC COM NEW Common Stock 264411505 3340 171300 SH Sole 169700 0 1600
E M C CORP MASS COM Common Stock 268648102 11404 159778 SH Sole 155563 0 4215
E M C CORP MASS COM Common Stock 268648102 243 3400 SH Other 0 0 3400
E TRADE GROUP INC COM Common Stock 269246104 470 20000 SH Sole 20000 0 0
E-TEK DYNAMICS INC Common Stock 269240107 2079 38325 SH Sole 38325 0 0
EASTMAN KODAK CO Common Stock 277461109 45052 595735 SH Sole 595300 0 435
EASTMAN KODAK CO Common Stock 277461109 136 1800 SH Other 0 0 1800
EATON CORP COM Common Stock 278058102 19351 224200 SH Sole 222225 0 1975
ECOLAB INC COM Common Stock 278865100 1430 41895 SH Sole 41895 0 0
EDISON INTL Common Stock 281020107 14571 599307 SH Sole 592370 0 6937
EDISON INTL Common Stock 281020107 151 6200 SH Other 0 0 6200
EDWARDS AG INC Common Stock 281760108 1813 68750 SH Sole 68750 0 0
EL PASO ENERGY CORP COM Common Stock 283905107 43470 1080000 SH Sole 1080000 0 0
EL PASO ENERGY CORP COM Common Stock 283905107 1 26 SH Other 0 0 26
ELAN CORPORATION PLC ADR Common Stock 284131208 1013 30181 SH Sole 30181 0 0
ELECTRONIC ARTS INC COM Common Stock 285512109 1942 26839 SH Sole 26839 0 0
EMERSON ELEC CO COM Common Stock 291011104 40103 634664 SH Sole 632609 0 2055
EMERSON ELEC CO COM Common Stock 291011104 92 1450 SH Other 0 0 1450
EMMIS COMMUNICATIONS CORP Common Stock 291525103 2216 33550 SH Sole 33550 0 0
EMULEX CORP Common Stock 292475209 685 7975 SH Sole 7975 0 0
ENI SPA ADR Common Stock 26874R108 2772 44000 SH Sole 44000 0 0
ENRON CORP COM Common Stock 293561106 7375 179615 SH Sole 178400 0 1215
ENTRUST TECHNOLOGIES INC Common Stock 293848107 1826 81375 SH Sole 81375 0 0
EOG RESOURCES INC Common Stock 26875P101 810 38100 SH Sole 38100 0 0
EQUANT N V - NY REG SHARES Common Stock 294409107 2116 26000 SH Sole 26000 0 0
EQUITY OFFICE PPTYS TR COM Common Stock 294741103 425 18281 SH Sole 0 0 18281
EQUITY RESIDENT PPTYS SH BEN I Common Stock 29476L107 6649 156901 SH Sole 156901 0 0
ERICSSON (L M) TEL CO ADR Common Stock 294821400 3422 109500 SH Sole 109500 0 0
EXODUS COMMUNICATIONS COM Common Stock 302088109 1577 21885 SH Sole 21885 0 0
EXPRESS SCRIPTS INC CL A Common Stock 302182100 741 9475 SH Sole 9475 0 0
EXXON CORP COM Common Stock 302290101 37275 490466 SH Sole 481005 0 9461
EXXON CORP COM Common Stock 302290101 218 2867 SH Other 0 0 2867
FAMILY DOLLARS STORES INC Common Stock 307000109 2514 119021 SH Sole 119021 0 0
FEDERAL NATL MTG ASSN Common Stock 313586109 23078 368150 SH Sole 362666 0 5484
<PAGE>
<CAPTION>
Wells Capital Management
FORM 13F
September 30, 1999
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> <C> <C> <C> <C> <C>
FEDERAL NATL MTG ASSN Common Stock 313586109 342 5450 SH Other 0 0 5450
FEDERATED DEPT STORES COM Common Stock 31410H101 1092 25000 SH Sole 25000 0 0
FIRST UNION CORP Common Stock 337358105 7164 201101 SH Sole 198136 0 2965
FIRSTAR CORP Common Stock 33763V109 12087 471683 SH Sole 470183 0 1500
FIRSTFED FINL CORP Common Stock 337907109 1693 97425 SH Sole 97425 0 0
FISERV INC Common Stock 337738108 2796 86046 SH Sole 86046 0 0
FLEXTRONICS INTL LTD ORD Common Stock Y2573F102 3119 53599 SH Sole 53599 0 0
FLYCAST COMMUNICATIONS COM Common Stock 344067103 692 15200 SH Sole 15200 0 0
FORD MTR CO DEL Common Stock 345370100 47900 953234 SH Sole 949787 0 3447
FORD MTR CO DEL Common Stock 345370100 188 3750 SH Other 0 0 3750
FOUNDATION HEALTH SYS Common Stock 350404109 393 41605 SH Sole 24200 0 17405
FOX ENTMT GROUP INC CL A Common Stock 35138T107 11860 563100 SH Sole 555200 0 7900
FOX ENTMT GROUP INC CL A Common Stock 35138T107 70 3300 SH Other 0 0 3300
FPL GROUP INC COM Common Stock 302571104 25 500 SH Sole 0 0 500
FPL GROUP INC COM Common Stock 302571104 212 4200 SH Other 0 0 4200
FREDDIE MAC Common Stock 313400301 24746 475891 SH Sole 471484 0 4407
FREDDIE MAC Common Stock 313400301 130 2500 SH Other 0 0 2500
FREMONT GEN CORP Common Stock 357288109 12297 1302959 SH Sole 1290634 0 12325
FUJITSU LTD ADR Common Stock 359590304 5457 35000 SH Sole 35000 0 0
GADZOOX NETWORKS INC COM Common Stock 362555104 777 14423 SH Sole 14423 0 0
GANNETT INC COM Common Stock 364730101 17025 246075 SH Sole 242805 0 3270
GANNETT INC COM Common Stock 364730101 311 4500 SH Other 0 0 4500
GATEWAY INC Common Stock 367626108 1966 44675 SH Sole 44675 0 0
GENERAL ELEC CO Common Stock 369604103 127412 1074638 SH Sole 1064315 0 10323
GENERAL ELEC CO Common Stock 369604103 1748 14747 SH Other 0 0 14747
GENERAL INSTR CORP DEL COM Common Stock 370120107 2918 60800 SH Sole 60800 0 0
GENERAL MLS INC COM Common Stock 370334104 3892 47976 SH Sole 47976 0 0
GENERAL MTRS CORP COM Common Stock 370442105 1015 16135 SH Sole 14100 0 2035
GENERAL MTRS CORP COM Common Stock 370442105 308 4900 SH Other 0 0 4900
GILEAD SCIENCES INC COM Common Stock 375558103 1346 20975 SH Sole 20975 0 0
GILLETTE CO COM Common Stock 375766102 7589 223624 SH Sole 220300 0 3324
GILLETTE CO COM Common Stock 375766102 105 3100 SH Other 0 0 3100
GLAXO WELLCOME PLC ADR Common Stock 37733W105 1560 30000 SH Sole 30000 0 0
GLOBAL CROSSING INC Common Stock G3921A100 1160 43755 SH Sole 43755 0 0
GLOBESPAN SEMICONDCTDR COM Common Stock 379571102 516 8175 SH Sole 8175 0 0
GLOBIX CORP COM Common Stock 37957F101 2598 55575 SH Sole 55575 0 0
GOLDMAN SACHS GROUP COM Common Stock 38141G104 2817 46187 SH Sole 45707 0 480
GOTO COM INC COM Common Stock 38348T107 873 16755 SH Sole 16755 0 0
GPU INC Common Stock 36225X100 2029 62197 SH Sole 62197 0 0
GROUPE DANONE SA ADR Common Stock 399449107 2713 56000 SH Sole 56000 0 0
GRUPO ELEKTRA SA DE CV GDR Common Stock 40050A102 544 113000 SH Sole 113000 0 0
GTE CORP Common Stock 362320103 73815 960196 SH Sole 947790 0 12406
GUIDANT CORP COM Common Stock 401698105 6661 124222 SH Sole 123700 0 522
HALLIBURTON CO COM Common Stock 406216101 2157 52605 SH Sole 49400 0 3205
HARTFORD FINL SVCS Common Stock 416515104 8374 204866 SH Sole 200221 0 4645
HEALTH CARE PPTY INVS COM Common Stock 421915109 210 8000 SH Sole 8000 0 0
HEINZ H J CO COM Common Stock 423074103 28457 661802 SH Sole 660992 0 810
<PAGE>
<CAPTION>
Wells Capital Management
FORM 13F
September 30, 1999
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> <C> <C> <C> <C> <C>
HEINZ H J CO COM Common Stock 423074103 245 5700 SH Other 0 0 5700
HELLENIC TELECOMUNICATION ORGA Common Stock 423325307 1919 171500 SH Sole 171500 0 0
HELMERICH & PAYNE INC COM Common Stock 423452101 845 33400 SH Sole 33400 0 0
HERCULES INC Common Stock 427056106 6366 222400 SH Sole 222150 0 250
HEWLETT PACKARD CO Common Stock 428236103 22724 250405 SH Sole 247435 0 2970
HEWLETT PACKARD CO Common Stock 428236103 186 2050 SH Other 0 0 2050
HIGH SPEED ACCESS CORP COM Common Stock 42979U102 814 35497 SH Sole 35497 0 0
HOME DEPOT INC Common Stock 437076102 15684 228543 SH Sole 220600 0 7943
HOME DEPOT INC Common Stock 437076102 254 3700 SH Other 0 0 3700
HOMESTORE COM INC COM Common Stock 437852106 1499 35951 SH Sole 35951 0 0
HONDA MOTOR CO LTD ADR Common Stock 438128308 3763 46000 SH Sole 46000 0 0
HONEYWELL INC COM Common Stock 438506107 15842 142320 SH Sole 140300 0 2020
HOUSEHOLD INTL INC Common Stock 441815107 92227 2298491 SH Sole 2288606 0 9885
HOUSEHOLD INTL INC Common Stock 441815107 293 7300 SH Other 0 0 7300
HSBC HOLDINGS PLC ADR Common Stock 404280406 1684 29000 SH Sole 29000 0 0
I2 TECHNOLOGIES INC COM Common Stock 465754109 2600 67000 SH Sole 67000 0 0
ICN PHARMACEUTICAL NEW COM Common Stock 448924100 330 19175 SH Sole 19175 0 0
IDEC PHARMACEUTICALS COM Common Stock 449370105 717 7625 SH Sole 7625 0 0
IMMUNEX CORP NEW COM Common Stock 452528102 684 15775 SH Sole 15775 0 0
IMS HEALTH INC Common Stock 449934108 2111 92551 SH Sole 92551 0 0
INET TECHNOLOGIES INC COM Common Stock 45662V105 499 12500 SH Sole 12500 0 0
INGERSOLL RAND CO COM Common Stock 456866102 8888 161780 SH Sole 159000 0 2780
INGERSOLL RAND CO COM Common Stock 456866102 121 2200 SH Other 0 0 2200
INSIGHT COMMUNICATIONS CL A Common Stock 45768V108 1154 40304 SH Sole 40304 0 0
INSIGHT ENTERPRISES COM Common Stock 45765U103 796 24500 SH Sole 24500 0 0
INTEL CORP Common Stock 458140100 45516 612494 SH Sole 600246 0 12248
INTEL CORP Common Stock 458140100 525 7066 SH Other 0 0 7066
INTERNAP NETWORK SVCS COM Common Stock 45885A102 2717 60875 SH Sole 60875 0 0
INTERNATIONAL BUS MACH Common Stock 459200101 65391 540421 SH Sole 529193 0 11228
INTERNATIONAL BUS MACH Common Stock 459200101 886 7320 SH Other 0 0 7320
INTERNATIONAL INTEGRAT COM Common Stock 459698106 3046 93000 SH Sole 93000 0 0
INTERPUBLIC GROUP COS COM Common Stock 460690100 12984 315729 SH Sole 314429 0 1300
INTL PAPER CO COM Common Stock 460146103 5148 107105 SH Sole 106200 0 905
INTL PAPER CO COM Common Stock 460146103 87 1800 SH Other 0 0 1800
INVENSYS PLC ADR Common Stock 461204109 3622 374000 SH Sole 374000 0 0
INVITROGEN CORP COM Common Stock 46185R100 942 28000 SH Sole 28000 0 0
ITC DELTACOM INC COM Common Stock 45031T104 3062 111340 SH Sole 111340 0 0
JDS UNIPHASE CORP COM Common Stock 46612J101 9423 82798 SH Sole 82698 0 100
JOHNSON & JOHNSON Common Stock 478160104 69663 758242 SH Sole 753600 0 4642
JOHNSON & JOHNSON Common Stock 478160104 413 4500 SH Other 0 0 4500
JOHNSON CTLS INC COM Common Stock 478366107 8792 132578 SH Sole 131573 0 1005
KANSAS CITY SOUTHN IND COM Common Stock 485170104 2718 58449 SH Sole 58449 0 0
KILROY RLTY CORP COM Common Stock 49427F108 5184 245400 SH Sole 245400 0 0
KIMBERLY CLARK CORP Common Stock 494368103 46360 878858 SH Sole 878222 0 636
KIMBERLY CLARK CORP Common Stock 494368103 156 2950 SH Other 0 0 2950
KING PHARMACEUTICALS COM Common Stock 495582108 584 16675 SH Sole 16675 0 0
KLA-TENCOR CORP COM Common Stock 482480100 1445 22229 SH Sole 22229 0 0
<PAGE>
<CAPTION>
Wells Capital Management
FORM 13F
September 30, 1999
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> <C> <C> <C> <C> <C>
KNIGHT/TRIMARK GRP INC CL A Common Stock 499067106 1481 50000 SH Sole 50000 0 0
KNIGHTSBRIDGE TANKERS LTD. Common Stock G5299G106 8680 542500 SH Sole 542500 0 0
KOHLS CORP COM Common Stock 500255104 7580 114628 SH Sole 114028 0 600
KONINKLIJKE AHOLD N V ADR Common Stock 500467303 1776 53600 SH Sole 53600 0 0
KONINKLIJKE PHILIPS ELECTRONIC Common Stock 500472204 22281 220601 SH Sole 219468 0 1133
KOOR INDUSTRIES LTD ADR Common Stock 500507108 1878 107700 SH Sole 107700 0 0
KOREA TELECOM CORP ADR Common Stock 50063P103 2035 55000 SH Sole 55000 0 0
LAM RESH CORP COM Common Stock 512807108 5815 95325 SH Sole 95325 0 0
LAMAR ADVERTISING CO CL A Common Stock 512815101 432 8730 SH Sole 8730 0 0
LASER VISION CTRS INC COM Common Stock 51807H100 451 32175 SH Sole 32175 0 0
LATTICE SEMICONDUCTOR COM Common Stock 518415104 811 27325 SH Sole 27325 0 0
LEXMARK INTL GROUP INC CL A Common Stock 529771107 8676 107778 SH Sole 107778 0 0
LILLY ELI & CO COM Common Stock 532457108 16035 249818 SH Sole 248147 0 1671
LILLY ELI & CO COM Common Stock 532457108 332 5180 SH Other 0 0 5180
LINEAR TECHNOLOGY CORP COM Common Stock 535678106 4258 72441 SH Sole 72441 0 0
LIQUID AUDIO Common Stock 53631t102 758 20475 SH Sole 20475 0 0
LOCKHEED MARTIN CORP Common Stock 539830109 1121 34280 SH Sole 32250 0 2030
LOWES COS INC COM Common Stock 548661107 5682 116545 SH Sole 115400 0 1145
LOWES COS INC COM Common Stock 548661107 80 1650 SH Other 0 0 1650
LSI LOGIC CORP COM Common Stock 502161102 2207 42450 SH Sole 42450 0 0
LUCENT TECHNOLOGIES COM Common Stock 549463107 27135 418270 SH Sole 406630 0 11640
LUCENT TECHNOLOGIES COM Common Stock 549463107 875 13488 SH Other 0 0 13488
MACROMEDIA INC COM Common Stock 556100105 4539 111050 SH Sole 111050 0 0
MAGYAR TAVKOZLESI RT ADR Common Stock 559776109 3008 110400 SH Sole 110400 0 0
MARSH & MCLENNAN COS COM Common Stock 571748102 20376 297460 SH Sole 296150 0 1310
MARSH & MCLENNAN COS COM Common Stock 571748102 164 2400 SH Other 0 0 2400
MARTIN MARIETTA MATLS COM Common Stock 573284106 599 15000 SH Sole 15000 0 0
MARUI LIMITED ADR Common Stock 573814308 3100 83000 SH Sole 83000 0 0
MAXIM INTEGRATED PRODS COM Common Stock 57772K101 7388 117096 SH Sole 117096 0 0
MAYTAG CORP Common Stock 578592107 1666 50000 SH Sole 50000 0 0
MBNA CORP Common Stock 55262L100 5554 243477 SH Sole 241967 0 1510
MBNA CORP Common Stock 55262L100 119 5200 SH Other 0 0 5200
MCDONALDS CORP Common Stock 580135101 8892 205585 SH Sole 202205 0 3380
MCDONALDS CORP Common Stock 580135101 149 3450 SH Other 0 0 3450
MCI WORLDCOM INC Common Stock 55268B106 20988 292003 SH Sole 281716 0 10287
MCI WORLDCOM INC Common Stock 55268B106 208 2900 SH Other 0 0 2900
MCLEODUSA INC COM Common Stock 582266102 1362 32000 SH Sole 32000 0 0
MEAD CORP COM Common Stock 582834107 389 11325 SH Sole 10075 0 1250
MEDIAONE GROUP INC COM Common Stock 58440J104 1568 22950 SH Sole 22200 0 750
MEDICIS PHARMACEUTICAL CL A NE Common Stock 584690309 1381 48450 SH Sole 48450 0 0
MEDIMMUNE INC COM Common Stock 584699102 4694 47105 SH Sole 47105 0 0
MEDITRUST CORP PAIRED CTF NEW Common Stock 58501T306 102 12000 SH Sole 12000 0 0
MEDQUIST INC COM Common Stock 584949101 1022 30575 SH Sole 30575 0 0
MEDTRONIC INC COM Common Stock 585055106 3646 102520 SH Sole 95570 0 6950
MEDTRONIC INC COM Common Stock 585055106 162 4566 SH Other 0 0 4566
MERCK & CO INC Common Stock 589331107 14442 222834 SH Sole 216565 0 6269
MERCK & CO INC Common Stock 589331107 359 5539 SH Other 0 0 5539
<PAGE>
<CAPTION>
Wells Capital Management
FORM 13F
September 30, 1999
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> <C> <C> <C> <C> <C>
MERCURY INTERACTIVE CP COM Common Stock 589405109 6302 97615 SH Sole 97615 0 0
METRIS COMPANIES Common Stock 591598107 5964 202166 SH Sole 202166 0 0
METROMEDIA FIBER NETWK CL A Common Stock 591689104 1194 48725 SH Sole 48725 0 0
MICREL INC Common Stock 594793101 946 21800 SH Sole 21800 0 0
MICROCHIP TECHNOLOGY COM Common Stock 595017104 3141 61142 SH Sole 61142 0 0
MICROMUSE INC Common Stock 595094103 5954 92675 SH Sole 92675 0 0
MICROSOFT CORP Common Stock 594918104 62788 693311 SH Sole 679133 0 14178
MICROSOFT CORP Common Stock 594918104 1165 12866 SH Other 0 0 12866
MIIX GROUP INC COM Common Stock 59862V104 731 43150 SH Sole 43150 0 0
MILLENNIUM PHARMACEUTC COM Common Stock 599902103 1628 25050 SH Sole 25050 0 0
MINNESOTA MNG & MFG CO COM Common Stock 604059105 2563 26680 SH Sole 26500 0 180
MINNESOTA MNG & MFG CO COM Common Stock 604059105 192 2000 SH Other 0 0 2000
MOBIL CORP Common Stock 607059102 35079 348180 SH Sole 339088 0 9092
MOBIL CORP Common Stock 607059102 421 4183 SH Other 0 0 4183
MONSANTO CO Common Stock 611662107 5749 161094 SH Sole 156437 0 4657
MONSANTO CO Common Stock 611662107 125 3500 SH Other 0 0 3500
MONTANA POWER CO Common Stock 612085100 2196 72150 SH Sole 64325 0 7825
MORGAN J P & CO INC COM Common Stock 616880100 26906 235500 SH Sole 235200 0 300
MORGAN J P & CO INC COM Common Stock 616880100 17 150 SH Other 0 0 150
MORGAN STAN DEAN WITTR COM NEW Common Stock 617446448 14012 157110 SH Sole 152375 0 4735
MORGAN STAN DEAN WITTR COM NEW Common Stock 617446448 116 1300 SH Other 0 0 1300
MOTOROLA INC Common Stock 620076109 3484 39595 SH Sole 36675 0 2920
MOTOROLA INC Common Stock 620076109 233 2650 SH Other 0 0 2650
MYLAN LABS INC COM Common Stock 628530107 919 50000 SH Sole 50000 0 0
NABORS INDS INC Common Stock 629568106 1218 48708 SH Sole 48708 0 0
NATIONWIDE HEALTH PPTY COM Common Stock 638620104 195 11700 SH Sole 11700 0 0
NAVIGANT CONSULTING CO. Common Stock 63935N107 3731 80450 SH Sole 80450 0 0
NESTLE SA ADR Common Stock 641069406 2048 21800 SH Sole 21800 0 0
NETWORK PLUS CORP COM Common Stock 64122D506 886 64125 SH Sole 64125 0 0
NETZERO INC Common Stock 64122R109 696 26750 SH Sole 26750 0 0
NEW CENTURY ENERGIES Common Stock 64352U103 836 25000 SH Sole 25000 0 0
NEW YORK TIMES CO CL A Common Stock 650111107 98 2626 SH Sole 600 0 2026
NEW YORK TIMES CO CL A Common Stock 650111107 315 8400 SH Other 0 0 8400
NEWELL RUBBERMAID INC Common Stock 651229106 29658 1038342 SH Sole 1036425 0 1917
NEWELL RUBBERMAID INC Common Stock 651229106 103 3600 SH Other 0 0 3600
NEWFIELD EXPL CO COM Common Stock 651290108 1756 53325 SH Sole 53325 0 0
NEWS CORP LTD ADR Common Stock 652487703 3833 134800 SH Sole 133600 0 1200
NEXTCARD INC COM Common Stock 65332K107 1009 41200 SH Sole 41200 0 0
NEXTEL COMMUNICATIONS CL A Common Stock 65332V103 3230 47625 SH Sole 47625 0 0
NEXTLINK COMMUNICATION CL A Common Stock 65333H707 2979 57454 SH Sole 57454 0 0
NIPPON TELEGRAPH & TELEPHONE C Common Stock 654624105 3640 59000 SH Sole 59000 0 0
NOKIA CORP ADR Common Stock 654902204 20791 231330 SH Sole 230800 0 530
NOKIA CORP ADR Common Stock 654902204 27 300 SH Other 0 0 300
NORFOLK SOUTHERN CORP Common Stock 655844108 25215 1029192 SH Sole 1029192 0 0
NORTEL NETWORKS CORP Common Stock 656569100 10704 209892 SH Sole 206992 0 2900
NORTEL NETWORKS CORP Common Stock 656569100 209 4100 SH Other 0 0 4100
NORTH FORK BANCORP NY COM Common Stock 659424105 216 11055 SH Sole 0 0 11055
<PAGE>
<CAPTION>
Wells Capital Management
FORM 13F
September 30, 1999
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> <C> <C> <C> <C> <C>
NORTHERN TR CORP COM Common Stock 665859104 3218 38538 SH Sole 38538 0 0
NOVA CORP GA COM Common Stock 669784100 1519 60775 SH Sole 60775 0 0
NOVAMED EYECARE INC Common Stock 66986W108 1154 113325 SH Sole 113325 0 0
NOVARTIS AG SPONSORED ADR Common Stock 66987V109 4079 55000 SH Sole 55000 0 0
NOVELL INC COM Common Stock 670006105 1665 80500 SH Sole 80500 0 0
NOVELLUS SYS INC Common Stock 670008101 3166 46950 SH Sole 46950 0 0
NTL INC COM Common Stock 629407107 1345 14000 SH Sole 14000 0 0
NVIDIA Common Stock 67066G104 2839 147475 SH Sole 147475 0 0
OMNICOM GROUP INC Common Stock 681919106 1584 20000 SH Sole 20000 0 0
OPTICAL COATING LAB COM Common Stock 683829105 1441 15650 SH Sole 15650 0 0
ORACLE CORP Common Stock 68389X105 13 290 SH Sole 190 0 100
ORACLE CORP Common Stock 68389X105 205 4500 SH Other 0 0 4500
OWENS ILL INC NEW Common Stock 690768403 3619 182680 SH Sole 177000 0 5680
PACIFICORP Common Stock 695114108 6482 322070 SH Sole 320200 0 1870
PARADYNE NETWORKS INC COM Common Stock 69911G107 719 25685 SH Sole 25685 0 0
PARK PL ENTMT CORP COM Common Stock 700690100 3724 297940 SH Sole 288950 0 8990
PE CORP COM PE BIO GRP Common Stock 69332S102 1995 27614 SH Sole 27614 0 0
PENNEY J C INC Common Stock 708160106 3039 88084 SH Sole 88084 0 0
PEPSICO INC Common Stock 713448108 6109 200291 SH Sole 194630 0 5661
PEPSICO INC Common Stock 713448108 186 6100 SH Other 0 0 6100
PETROLEUM GEO-SERVICES ADR Common Stock 716597109 2440 128000 SH Sole 128000 0 0
PFIZER INC COM Common Stock 717081103 19039 530693 SH Sole 517411 0 13282
PFIZER INC COM Common Stock 717081103 325 9052 SH Other 0 0 9052
PG&E CORP COM Common Stock 69331C108 11960 462240 SH Sole 454450 0 7790
PG&E CORP COM Common Stock 69331C108 176 6800 SH Other 0 0 6800
PHARMACIA & UPJOHN INC COM Common Stock 716941109 3174 63950 SH Sole 63925 0 25
PHARMACYCLICS INC Common Stock 716933106 3993 97700 SH Sole 97700 0 0
PHILIP MORRIS COS INC Common Stock 718154107 43882 1283571 SH Sole 1283286 0 285
PHILLIPS PETE CO Common Stock 718507106 4727 96965 SH Sole 94550 0 2415
PITNEY BOWES INC COM Common Stock 724479100 208 3410 SH Sole 250 0 3160
PITNEY BOWES INC COM Common Stock 724479100 189 3100 SH Other 0 0 3100
PMC-SIERRA INC Common Stock 69344F106 2435 26325 SH Sole 26325 0 0
POST PPTYS INC COM Common Stock 737464107 8916 226800 SH Sole 226000 0 800
POTOMAC ELEC PWR CO COM Common Stock 737679100 2927 115080 SH Sole 114300 0 780
POWER INTEGRATIONS INC Common Stock 739276103 4413 63725 SH Sole 63725 0 0
POWER-ONE INC COM Common Stock 739308104 601 23550 SH Sole 23550 0 0
PPG INDS INC COM Common Stock 693506107 30209 503476 SH Sole 502326 0 1150
PRICE T ROWE & ASSOC COM Common Stock 741477103 823 30000 SH Sole 30000 0 0
PROCTER & GAMBLE CO COM Common Stock 742718109 17311 184650 SH Sole 180735 0 3915
PROCTER & GAMBLE CO COM Common Stock 742718109 384 4092 SH Other 0 0 4092
PROFIT RECOVERY GROUP COM Common Stock 743168106 607 13600 SH Sole 13600 0 0
PROLOGIS TR SH BEN INT Common Stock 743410102 1699 90000 SH Sole 90000 0 0
PROVIDIAN FINL CORP COM Common Stock 74406A102 7360 92950 SH Sole 92950 0 0
QLOGIC CORP COM Common Stock 747277101 1490 21350 SH Sole 21350 0 0
QUALCOMM INC COM Common Stock 747525103 1703 9000 SH Sole 9000 0 0
RADWARE LTD ORD Common Stock M81873107 671 24400 SH Sole 24400 0 0
RAYTHEON CO CL A Common Stock 755111309 3638 75000 SH Sole 75000 0 0
<PAGE>
<CAPTION>
Wells Capital Management
FORM 13F
September 30, 1999
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> <C> <C> <C> <C> <C>
RAYTHEON CO CL B Common Stock 755111408 2593 52245 SH Sole 47150 0 5095
RAYTHEON CO CL B Common Stock 755111408 12 250 SH Other 0 0 250
RCN CORP COM Common Stock 749361101 1191 29050 SH Sole 29050 0 0
REX STORES CORP COM Common Stock 761624105 1156 37275 SH Sole 37275 0 0
RHYTHMS NETCONNECTIONS COM Common Stock 762430205 545 15800 SH Sole 15800 0 0
RITE AID CORP Common Stock 767754104 14434 1045000 SH Sole 1045000 0 0
ROCKWELL INTL CORP NEW Common Stock 773903109 4848 92339 SH Sole 92339 0 0
ROSS STORES INC COM Common Stock 778296103 805 40000 SH Sole 40000 0 0
ROYAL DUTCH PETROLEUM CO NY RE Common Stock 780257804 63766 1079643 SH Sole 1075718 0 3925
RYANAIR HOLDINGS PLC ADR Common Stock 783513104 5322 116000 SH Sole 116000 0 0
SAFEWAY INC COM NEW Common Stock 786514208 9615 252610 SH Sole 248200 0 4410
SAFEWAY INC COM NEW Common Stock 786514208 130 3425 SH Other 0 0 3425
SALESLOGIX CORP COM Common Stock 79466P105 1473 73660 SH Sole 73660 0 0
SAN PAOLO - IMI SPA ADR Common Stock 465224103 2496 96000 SH Sole 96000 0 0
SANMINA CORP Common Stock 800907107 4318 55811 SH Sole 55811 0 0
SAP AG ADR Common Stock 803054204 3247 86000 SH Sole 86000 0 0
SBC COMMUNICATIONS INC Common Stock 78387G103 55937 1095456 SH Sole 1083106 0 12350
SBC COMMUNICATIONS INC Common Stock 78387G103 204 4000 SH Other 0 0 4000
SCHERING PLOUGH CORP COM Common Stock 806605101 8222 188460 SH Sole 183525 0 4935
SCHLUMBERGER LTD COM Common Stock 806857108 4409 70750 SH Sole 67725 0 3025
SCHLUMBERGER LTD COM Common Stock 806857108 486 7800 SH Other 0 0 7800
SCHWAB CHARLES CP NEW Common Stock 808513105 11057 330674 SH Sole 324224 0 6450
SCIENTIFIC ATLANTA INC COM Common Stock 808655104 1387 27975 SH Sole 27975 0 0
SEAGATE TECHNOLOGY Common Stock 811804103 1531 50000 SH Sole 50000 0 0
SEALED AIR CORP NEW COM Common Stock 81211K100 1753 34162 SH Sole 34162 0 0
SEARS ROEBUCK & CO Common Stock 812387108 1889 60220 SH Sole 60000 0 220
SEARS ROEBUCK & CO Common Stock 812387108 137 4371 SH Other 0 0 4371
SECOM LTD ADR Common Stock 813113206 4559 13100 SH Sole 13100 0 0
SECURITY FIRST TECH CP COM Common Stock 814279105 609 15675 SH Sole 15675 0 0
SEI INVESTMENT CO Common Stock 784117103 1243 13925 SH Sole 13925 0 0
SELECT APPOINTMENTS HOLDINGS P Common Stock 81617E203 5366 159000 SH Sole 159000 0 0
SEPRACOR INC Common Stock 817315104 780 10325 SH Sole 10325 0 0
SEVEN-ELEVEN JAPAN LTD ADR Common Stock 817828205 5533 63000 SH Sole 63000 0 0
SHERWIN WILLIAMS CO Common Stock 824348106 25656 1225371 SH Sole 1221396 0 3975
SHERWIN WILLIAMS CO Common Stock 824348106 92 4400 SH Other 0 0 4400
SIEBEL SYSTEMS INC Common Stock 826170102 2535 38050 SH Sole 38050 0 0
SILICON VY BANCSHARES COM Common Stock 827064106 1093 45300 SH Sole 45300 0 0
SKYTEL COMMUNICATIONS COM Common Stock 83087Q104 1138 62150 SH Sole 62150 0 0
SLM HLDG CORP Common Stock 78442A109 19278 448326 SH Sole 442826 0 5500
SMITH CHARLES RESIDNTL COM Common Stock 832197107 10085 295000 SH Sole 295000 0 0
SMITH INTL INC COM Common Stock 832110100 1510 37295 SH Sole 37295 0 0
SMITHKLINE BEECHAM PLC ADR Common Stock 832378301 2608 45255 SH Sole 45000 0 255
SOLECTRON CORP COM Common Stock 834182107 5326 74165 SH Sole 74165 0 0
SONY CORP ADR Common Stock 835699307 5102 34000 SH Sole 34000 0 0
SOUTHERN CO Common Stock 842587107 13510 524677 SH Sole 524677 0 0
SOUTHWEST SECS GROUP COM Common Stock 845224104 555 20551 SH Sole 20551 0 0
SPIEKER PPTYS INC COM Common Stock 848497103 12793 368800 SH Sole 365800 0 3000
<PAGE>
<CAPTION>
Wells Capital Management
FORM 13F
September 30, 1999
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> <C> <C> <C> <C> <C>
SPRINT CORP COM Common Stock 852061100 2230 41100 SH Sole 41100 0 0
SPX CORP COM Common Stock 784635104 1057 11650 SH Sole 11650 0 0
STMICROELECTRONICS NV - NY REG Common Stock 861012102 6962 94000 SH Sole 94000 0 0
STONE ENERGY CORP COM Common Stock 861642106 1441 28250 SH Sole 28250 0 0
SUMMIT TECHNOLOGY INC COM Common Stock 86627E101 1798 98200 SH Sole 98200 0 0
SUN MICROSYSTEMS INC COM Common Stock 866810104 10343 111210 SH Sole 109390 0 1820
SYMBOL TECHNOLOGIES COM Common Stock 871508107 1132 33660 SH Sole 33660 0 0
TANDY CORP COM Common Stock 875382103 4079 78924 SH Sole 78924 0 0
TELECOM ITALIA SPA ADR Common Stock 87927W106 2284 26500 SH Sole 26500 0 0
TELEFLEX INC COM Common Stock 879369106 2153 54600 SH Sole 54600 0 0
TELEFONICA SA ADR Common Stock 879382208 3868 80583 SH Sole 80583 0 0
TELEFONOS DE MEXICO SA ADR Common Stock 879403780 3520 49400 SH Sole 49300 0 100
TELEFONOS DE MEXICO SA ADR Common Stock 879403780 175 2450 SH Other 0 0 2450
TELEWEST COMMUNICATIONS PLC AD Common Stock 87956P105 2081 57000 SH Sole 57000 0 0
TERADYNE INC Common Stock 880770102 2350 66659 SH Sole 66659 0 0
TERAYON COMMUNACTN SYS COM Common Stock 880775101 1079 22075 SH Sole 22075 0 0
TEVA PHARMACEUTICAL INDUSTRIES Common Stock 881624209 2013 40000 SH Sole 40000 0 0
TEXACO INC Common Stock 881694103 53941 854516 SH Sole 850651 0 3865
TEXACO INC Common Stock 881694103 530 8400 SH Other 0 0 8400
TEXAS INSTRS INC COM Common Stock 882508104 14839 180412 SH Sole 176062 0 4350
TEXAS INSTRS INC COM Common Stock 882508104 790 9600 SH Other 0 0 9600
TEXAS UTILITIES CO (HOLDING CO Common Stock 882848104 9955 266790 SH Sole 260600 0 6190
TEXTRON INC Common Stock 883203101 7573 97872 SH Sole 97872 0 0
THOMAS & BETTS CORP COM Common Stock 884315102 5304 104000 SH Sole 104000 0 0
TIME WARNER INC COM Common Stock 887315109 7280 119834 SH Sole 117750 0 2084
TIME WARNER INC COM Common Stock 887315109 223 3667 SH Other 0 0 3667
TJX COS INC NEW COM Common Stock 872540109 4354 155150 SH Sole 155150 0 0
TMP WORLDWIDE INC Common Stock 872941109 578 9500 SH Sole 9500 0 0
TOTAL FINA SA ADR Common Stock 89151E109 3616 57000 SH Sole 57000 0 0
TRANSOCEAN OFFSHORE INC Common Stock G90076103 4733 154531 SH Sole 152536 0 1995
TRANSWITCH CORP COM Common Stock 894065101 794 13925 SH Sole 13925 0 0
TRANZ RAIL HOLDINGS LTD ADR Common Stock 894116102 856 167000 SH Sole 167000 0 0
TRUE NORTH COMMUNICATN COM Common Stock 897844106 1423 39125 SH Sole 39125 0 0
TRW INC COM Common Stock 872649108 24626 495000 SH Sole 495000 0 0
TSI INTL SOFTWARE LTD COM Common Stock 872879101 1913 70525 SH Sole 70525 0 0
TUESDAY MORNING CORP COM NEW Common Stock 899035505 3386 134100 SH Sole 134100 0 0
TYCO INTL LTD NEW COM Common Stock 902124106 29350 284265 SH Sole 279250 0 5015
TYCO INTL LTD NEW COM Common Stock 902124106 346 3350 SH Other 0 0 3350
U S INDS INC NEW COM Common Stock 912080108 1418 90000 SH Sole 90000 0 0
U S TR CORP NEW COM Common Stock 91288L105 723 9000 SH Sole 9000 0 0
U S WEST INC - COMMUNCTNS Common Stock 91273H101 3016 52851 SH Sole 52851 0 0
U.S. FOODSERVICE Common Stock 90331r101 2580 143345 SH Sole 143345 0 0
UNILEVER N V NY REG SHARES Common Stock 904784709 3372 49500 SH Sole 49500 0 0
UNILEVER PLC ADR Common Stock 904767605 686 17857 SH Sole 17857 0 0
UNIONBANCAL CORP COM Common Stock 908906100 12359 340950 SH Sole 338050 0 2900
UNISYS CORP COM Common Stock 909214108 3638 80625 SH Sole 80625 0 0
UNITED PAN-EUROPE COM-SP ADR Common Stock 911300200 3233 53000 SH Sole 53000 0 0
<PAGE>
<CAPTION>
Wells Capital Management
FORM 13F
September 30, 1999
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> <C> <C> <C> <C> <C>
UNITED TECHNOLOGIES CP COM Common Stock 913017109 8307 140059 SH Sole 136320 0 3739
UNITED TECHNOLOGIES CP COM Common Stock 913017109 234 3940 SH Other 0 0 3940
UNITRODE CORP COM Common Stock 913283107 1555 37025 SH Sole 37025 0 0
US BANCORP DEL COM Common Stock 902973106 28473 943190 SH Sole 942950 0 240
USWEB CORP COM Common Stock 917327108 1765 51450 SH Sole 51450 0 0
USX MARATHON GROUP COM NEW Common Stock 902905827 11944 408358 SH Sole 404575 0 3783
UTI ENERGY CORP COM Common Stock 903387108 1690 86940 SH Sole 86940 0 0
VALASSIS COMMUNICATNS COM Common Stock 918866104 2385 54273 SH Sole 54273 0 0
VALERO ENERGY CORP NEW Common Stock 91913Y100 578 30000 SH Sole 30000 0 0
VEBA AG SPONSORED ADR Common Stock 92239H102 2100 37000 SH Sole 37000 0 0
VERIO INC COM Common Stock 923433106 620 20000 SH Sole 20000 0 0
VERISIGN INC COM Common Stock 92343E102 2127 19972 SH Sole 19972 0 0
VERITAS SOFTWARE CO Common Stock 923436109 10218 134562 SH Sole 134262 0 300
VERTICALNET INC COM Common Stock 92532L107 1819 49175 SH Sole 49175 0 0
VIACOM INC CL B Common Stock 925524308 94 2222 SH Sole 920 0 1302
VIACOM INC CL B Common Stock 925524308 232 5500 SH Other 0 0 5500
VIGNETTE CORP COM Common Stock 926734104 9401 103875 SH Sole 103875 0 0
VISUAL NETWORKS INC COM Common Stock 928444108 3499 82450 SH Sole 82450 0 0
VISX INC DEL COM Common Stock 92844S105 2674 33810 SH Sole 33810 0 0
VODAFONE AIRTOUCH PLC ADR Common Stock 92857T107 5014 21090 SH Sole 20600 0 490
VOICESTREAM WIRELESS COM Common Stock 928615103 233 3775 SH Sole 3775 0 0
VOYAGER NET INC COM Common Stock 92906W101 350 40000 SH Sole 40000 0 0
W.E.B.S-FRANCE INDEX SERIES FU Common Stock 92923H509 5950 258000 SH Sole 258000 0 0
W.E.B.S. - SINGAPORE INDEX SER Common Stock 92923H848 3012 395000 SH Sole 395000 0 0
W.E.B.S.-GERMANY INDEX SERIES Common Stock 92923H608 7265 347000 SH Sole 347000 0 0
W.E.B.S.-JAPAN INDEX SERIES FU Common Stock 92923H889 8641 620000 SH Sole 620000 0 0
WADDELL & REED FINL CL A Common Stock 930059100 1905 85875 SH Sole 85875 0 0
WAL MART STORES INC Common Stock 931142103 28416 597455 SH Sole 581950 0 15505
WAL MART STORES INC Common Stock 931142103 178 3734 SH Other 0 0 3734
WALGREEN CO COM Common Stock 931422109 162 6385 SH Sole 0 0 6385
WALGREEN CO COM Common Stock 931422109 165 6517 SH Other 0 0 6517
WASHINGTON MUT INC Common Stock 939322103 13204 451430 SH Sole 447250 0 4180
WASTE MANAGEMENT INC. Common Stock 94106L109 143 7453 SH Sole 6547 0 906
WEATHERFORD INTERNATIONAL INC Common Stock 947074100 3491 109101 SH Sole 109101 0 0
WESCO INTL INC COM Common Stock 95082P105 797 56400 SH Sole 56400 0 0
WILLIAMS COS INC DEL Common Stock 969457100 9587 254814 SH Sole 249575 0 5239
WILLIAMS COS INC DEL Common Stock 969457100 361 9600 SH Other 0 0 9600
XEROX CORP COM Common Stock 984121103 45212 1078077 SH Sole 1071550 0 6527
XEROX CORP COM Common Stock 984121103 92 2200 SH Other 0 0 2200
XILINX INC COM Common Stock 983919101 6207 94719 SH Sole 94719 0 0
YANKEE CANDLE INC COM Common Stock 984757104 3463 179325 SH Sole 179325 0 0
YOUNG & RUBICAM INC COM Common Stock 987425105 3340 75910 SH Sole 75910 0 0
ZALE CORP NEW Common Stock 988858106 1158 30216 SH Sole 30216 0 0
ZIONS BANCORPORATION COM Common Stock 989701107 2459 44603 SH Sole 44603 0 0
4000398
</TABLE>
