UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended: March 31, 1999
Check her if Amendment [ ]; Amendment Number:
This Amendment (Check only one.). [ ] is a restatement
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: McMillion Capital Management, Inc.
Address: 701 Green Valley Rd. Suite 104
Greensboro, NC 27408
13F File Number: 28-7496
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.
Name: Donald C. McMillion
Title: President
Phone: 336-274-2491
Signature, Place, and Date of Signing:
Donald C. McMillion Greensboro, NC May 14, 1999
Report Type (Check Only One.):
[ X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
List of other Managers Reporting for this Manager:
NONE
I am signing this report as required by the Securities and
Exchange Act of 1934.
Reporting Manager
McMillion Capital Management
December 31, 1998
<TABLE>
<CAPTION>
<S>
<C> Investment Voting
<S> <C> Fair Discretion Manager Authority(Shares)
Name of Issue Title of Cusip Market VaSharesSole DefinShareSee. V Sole ShareNone
COMMON STOCK
ABBOTT LABS common 00282410 76342 1558 1558 1558
AFLAC common 00105510 30713 700 700 700
AIRTOUCH COMMUNICATIONS common 00949T10 28251 390 390 390
ALCATEL common 01390430 16666 682 682 682
ALLIED SIGNAL common 01951210 18168 410 410 410
ALLSTATE common 02000210 59868 1555 1555 1555
ALLTEL common 20039103 3649 61 61 61
AMERICAN ELECTRIC POWER common 02553710 65888 1400 1400 1400
AMERICAN EXPRESS CO common 02581610 61398 599 599 599
AMERICAN HOME PRODUCTS common 02660910 75261 1335 1335 1335
AMERICAN INT'L common 02687410 102616 1062 1062 1062
AMERITECH CORP. common 03095410 49496 781 781 781
AMGEN common 03116210 313688 3000 3000 3000
AMOCO CORP common 03190510 101488 1695 1695 1695
AMP, INC. common 03189710 18170 349 349 349
AMR, INC common 00176510 13656 230 230 230
ANHEUSER-BUSCH COMPANIES, Icommon 03522910 1395253 21261 21261 21261
APPLE COMPUTER common 03783310 10234 250 250 250
ASSOC. FIRST CAP. common 04600810 48223 1138 1138 1138
AT&T CORP. common 00195710 1859814 24552 24552 24552
ATLANTIC RICHFIELD common 04882510 15625 239 239 239
AUTOMATIC DATA PROC. common 05301510 81070 1011 1011 1011
AVIRON common 05376210 3881 150 150 150
BANC ONE CORP. common 06423A10 51216 1003 1003 1003
BANCO DE SANTANDER ADS common 05957420 54194 2744 2744 2744
BANCO FRANCES DEL RIO PLAT.common 05959110 4150 200 200 200
BANK OF NEW YORK common 06405710 3834376 95264 95264 95264
BANKAMERICA common 06605F10 84897 1412 1412 1412
BAXTER INTL INC common 07181310 13589 211 211 211
BB & T Corp. common 05493710 283397 7030 7030 7030
BELL ATLANTIC common 07785310 101412 1878 1878 1878
BELLSOUTH CORP common 07986010 4850244 97248 97248 97248
BERKSHIRE HATHAWAY common 08467020 23500 10 10 10
BODDIE-NOELL REST. PPTYS. common 09690310 8350 800 800 800
BOEING CORP. common 09702310 32266 989 989 989
BRISTOL MYERS SQUIBB CO common 11012210 2931698 21909 21909 21909
BURLINGTON NSF CORP common 12189T10 19660 574 574 574
CABLE & WIRELESS PLC ADR common 12683020 34913 950 950 950
CAMPBELL SOUP common 13442910 36685 667 667 667
CAROLINA FIRST common 14387710 24300 960 960 960
CCB FINANCIAL CORP common ######## 17100 300 300 300
CHASE MANHATTAN BANK common 16161A10 61273 863 863 863
CHEVRON CORPORATION common 16675110 1579047 19039 19039 19039
CHUBB CORP common ######## 8741 135 135 135
CIGNA CORP. common ######## 23194 300 300 300
CISCO SYSTEMS common 17275R10 102929 1109 1109 1109
CITIGROUP, INC. common 17296710 61165 1231 1231 1231
COASTAL CORP common 19044110 1906409 54275 54275 54275
COCA COLA common 19121610 143648 2144 2144 2144
COLGATE PALMOLIVE common 19416210 50803 547 547 547
COMCAST CORP. A common 20030020 28719 500 500 500
COMPAQ COMPUTER common 20449310 3036138 72289 72289 72289
COMPUTER ASSOCIATES common 20491210 32907 772 772 772
CONAGRA INC. common 20588710 70875 2250 2250 2250
CVS CORP common 12665010 8250 150 150 150
DAIMLER CHRYLSER common D1668R12 39231 408 408 408
DATASTREAM SYSTEM common 23812410 6900 600 600 600
DELL COMPUTER common 24702510 94119 1286 1286 1286
DIAGEO common 25243Q20 73584 1591 1591 1591
DIEBOLD common ######## 11063 310 310 310
DOMINION RES INC VA common 25747010 86488 1850 1850 1850
DOVER CORP. common 26000310 10988 300 300 300
DOW CHEMICAL common 26054310 57563 633 633 633
DU PONT E I DE NEMOURS & common 26353410 167147 3150 3150 3150
DUKE POWER CO common 26439910 408527 6377 6377 6377
EASTMAN KODAK CO common 27746110 38088 529 529 529
ELECTRONIC DATA SYSTEMS common 28566110 96360 1920 1920 1920
EMC CORP common 26864810 67745 797 797 797
EMERSON ELEC CO common 29101110 2272925 37569 37569 37569
EXXON CORP common 30229010 264128 3612 3612 3612
FED. NAT'L. MTG. ASSN. common 31358610 100936 1364 1364 1364
FIRST DATA CORP. common 31996310 39893 1252 1252 1252
FIRST UNION CORP common 33735810 3127526 51429 51429 51429
FISERV INC. common 33773810 2615597 50850 50850 50850
FLEET FINANCIAL common 33891510 43481 973 973 973
FLUOR CORPORATION common 34386110 8500 200 200 200
FORD common 34537010 55518 946 946 946
FREDDIE MAC VOTING common 31340030 77325 1200 1200 1200
GAP, INC common 36476010 83261 1483 1483 1483
GENERAL ELEC CO common 36960410 3505638 34369 34369 34369
GENERAL MTRS CORP common 37044210 49808 696 696 696
GILLETTE common 37576610 54554 1141 1141 1141
GLAXO HOLDINGS CO. common 37732730 27800 400 400 400
GTE CORP common 36232010 231920 3568 3568 3568
GUIDANT common 40169810 11000 100 100 100
HEINZ HJ common 42307410 48301 853 853 853
HEWLETT PACKARD common 42823610 2766520 40498 40498 40498
HIGHWOODS PROPERTIES INC. common 43128410 33475 1300 1300 1300
HOME DEPOT common 43707610 3660665 59827 59827 59827
IMPERIAL CHEMICAL INDS PLC common 45270450 6988 200 200 200
IMS HEALTH common 44993410 20821 276 276 276
INTEL CORP. common 45814010 166343 1403 1403 1403
INTERNATIONAL BUSINESS M common 45920010 3260303 17683 17683 17683
INTERNATIONAL PAPER common 46014610 13444 300 300 300
JEFFERSON PILOT CORP common 47507010 3842625 51235 51235 51235
JOHNSON & JOHNSON common 47816010 3229271 38501 38501 38501
KEMET CORP. common 48836010 6750 600 600 600
KIMBERLY-CLARK common 49436810 39676 728 728 728
LABORATORY CORP. OF AMERICAcommon 50540R10 6875 5000 5000 5000
LG AND E ENERGY CORP. common 50191710 59456 2100 2100 2100
LIBERTY CORP. common 53037010 24625 500 500 500
LILLY ELI & CO. common 53245710 3168927 35656 35656 35656
LOCKHEED common 53983010 19747 233 233 233
LUCENT TECHNOLOGIES common 54946310 215807 1963 1963 1963
MASCO CORP common 57459910 16071 559 559 559
MCDONALDS CORP. common 58013510 632474 8234 8234 8234
MCI WORLDCOM common 55268B10 2842520 39617 39617 39617
MEDIAONE common 58440J10 66693 1419 1419 1419
MEDTRONIC common 58505510 25033 337 337 337
MERCK & CO INC common 58933110 1846110 12516 12516 12516
MICROSOFT CORP. common 59491810 308441 2224 2224 2224
MINNESOTA MNG & MFG CO common 60405910 1676914 23577 23577 23577
MOBIL CORP common 60705910 1952123 22406 22406 22406
MONSANTO common 61166210 70965 1494 1494 1494
MORGAN J P & CO INC common 61688010 15759 150 150 150
MORGAN ST. common 61744644 28187 397 397 397
MOTOROLA INC common 62007610 2208997 36176 36176 36176
NATL CITY common 63540510 43645 602 602 602
NEWELL CO. common 65119210 1832738 44430 44430 44430
NORFOLK SOUTHERN common 65584410 15527 490 490 490
NUCOR common 67034610 80878 1870 1870 1870
ORACLE CORP common 68389X10 49551 1149 1149 1149
PEPSICO, INC. common 71344810 66994 1639 1639 1639
PFIZER INC common 71708110 144375 1155 1155 1155
PHARMACIA & UPJOHN common 71694110 31314 553 553 553
PHILIP MORRIS COS INC common 71815410 125725 2350 2350 2350
PHILIPS N.V. common ######## 6769 100 100 100
PHILLIPS PETE CO common 71850710 8525 200 200 200
PIEDMONT NATURAL GAS common ######## 18000 500 500 500
PIXAR common 72581110 7000 200 200 200
PNC FINL CORP common 69347510 15120 280 280 280
PPG INDUSTRIES INC. common ######## 5819 100 100 100
PROCTOR & GAMBLE common 74271810 121994 1336 1336 1336
PUBLIC SVC ENTERPRISE GR common 74457310 10400 260 260 260
ROYAL DUTCH PETE NY RE common 78025780 178287 3724 3724 3724
SARA LEE CORP common 80311110 49666 1762 1762 1762
SBC COMMUNICATIONS common 78387G10 3521178 65663 65663 65663
SCANA CORP common 80589810 145125 4500 4500 4500
SCHERING PLOUGH common 80660510 69947 1266 1266 1266
SCHLUMBERGER common 80685710 26387 569 569 569
SEMELE GROUP INC. common ######## 1295 314 314 314
SERVICE CORP. INT'L common 81756510 2876764 75580 75580 75580
SHERWIN WILLIAMS common 82434810 132188 4500 4500 4500
SMITHFIELD FOODS common ######## 20325 600 600 600
SOUTHERN CO common 84258710 174375 6000 6000 6000
SOUTHWEST AIRLINES common 84474110 3725015164188 164188 164188
SPRINGS INDUSTRIES common 85178310 4144 100 100 100
SPRINT CORP. common 85206110 81938 974 974 974
STERLING COMMERCE, INC. common 85920510 12960 288 288 288
SUN MICROSYSTEMS common 86681010 5299074 61887 61887 61887
SUNAMERICA, INC. common 86693010 41000 500 500 500
SYSCO CORP. common 87182910 2700124 98410 98410 98410
TANGER FACTORY OUTLET common 87546510 15891 750 750 750
TELE-COMMUNICATIONS A common 87924V10 50500 913 913 913
TELLABS common 87966410 329100 4800 4800 4800
TEXACO INC common 88169410 79076 1492 1492 1492
TEXAS INSTRS INC common 88250810 23633 276 276 276
TEXFI, INC. common 88289510 6200100000 100000 100000
THE EQUITABLE COS. common 29444G10 2684532 46385 46385 46385
TIME WARNER INC common 88731510 136289 2196 2196 2196
TRICON GLOBAL RESTAURANTS common 89595310 3795465 75720 75720 75720
TUBOS DE ACERO DE MEXICO common 89859250 3219 500 500 500
TYCO INC. common 90212410 68196 904 904 904
U.S. WEST common 91273H10 44139 683 683 683
UNIFI CORP. common 90467710 60644 3100 3100 3100
UNILEVER NV common 90478450 38732 467 467 467
UNION PACIFIC common 90781810 23793 528 528 528
UNION PACIFIC RESOURCES common ######## 1532 169 169 169
UNITED HEALTHCARE common 91058110 3660 85 85 85
UNITED TECHNOLOGIES common 91301710 32734 301 301 301
UNOCAL CORP. common 91528910 61294 2100 2100 2100
USBANCORP common 90297310 19312 544 544 544
USX-MARATHON GROUP common 90290582 3076516102125 102125 102125
VANGUARD CELLULAR SYS IN common 92202210 167781 6500 6500 6500
WACHOVIA CORP common 92977110 48091 550 550 550
WAL MART STORES INC common 93114210 238042 2923 2923 2923
WALGREEN common 93142210 73730 1259 1259 1259
WALT DISNEY CO. common 25468710 165030 5501 5501 5501
WARNER LAMBERT common 93448810 54361 723 723 723
WASTE MANAGEMENT common 94106L10 60986 1308 1308 1308
WELLS FARGO common 94974610 145293 3638 3638 3638
WEYHAEUSER common 96216610 16819 331 331 331
XEROX CORP. common 98412110 45076 382 382 382
CONVERTIBLE PREFERRED
- ---------------------
USX CORP. CV. PFD. Pfd-Conv ######## 50944 1100 1100 1100
Total 103242742###### 1989318 1989318
</TABLE>
