<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: 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: Milbank Winthrop & Co.
Address: 654 Madison Avenue
Suite 1550
New York, New York 10021
Form 13F File Number: 28-
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: Janice Bennett
Title: Principal
Phone: (212) 980-2500
Signature, Place, and Date of Signing:
/s/ Janice Bennett New York, New York 5/7/99
_______________________ _____________________ _________
[Signature] [City, State] [Date]
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 her if no holdings reported are in
this report, and all holdings are reported by other
reporting manger(s).)
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[ ] 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).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28-
[Repeat as necessary.]
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 110
Form 13F Information Table Value Total: $124,563
[thousands]
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file
number(s) of all institutional investment managers with respect
to which this report is filed, other than the manager filing this
report.
[If there are no entries in this list, state "NONE" and omit the
column headings and list entries.]
No. Form 13F File Number Name
28-
[Repeat as necessary.]
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<TABLE>
Form 13F INFORMATION TABLE
<CAPTION>
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ----------------------- ----------------------- -------- ------- --- ---- ---------- -------- -------- --------- -------
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ABBOTT LABS COM 002824100 289 6,180 SH SOLE 6,180 0 -
ADC TELE-
COMMUNICATION INC COM 000886101 6,495 136,194 SH SOLE 136,194 0 -
ADC TELE-
COMMUNICATION INC COM 000886101 429 9,000 SH OTHER - 0 9,000
AEGON N V - ORD
AMER REG COM 007924103 453 5,038 SH SOLE 5,038 0 -
AFLAC INC COM 001055102 1,814 33,323 SH SOLE 33,323 0 -
AMERICAN EXPRESS CO COM 025816109 4,133 35,100 SH SOLE 35,100 0 -
AMERICAN EXPRESS CO COM 025816109 353 3,000 SH OTHER - 0 3,000
AMERICAN INTL GROUP INC COM 026874107 1,834 15,203 SH SOLE 15,203 0 -
AMERICAN INTL GROUP INC COM 026874107 1,040 8,625 SH OTHER - 0 8,625
AMERICAN TOWER CORP CL A COM 029912201 2,288 93,400 SH SOLE 93,400 0 -
AMERICAN TOWER CORP CL A COM 029912201 221 9,000 SH OTHER - 0 9,000
ATLANTIC RICHFIELD
COMPANY COM 048825103 278 3,800 SH SOLE 3,800 0 -
AT&T CORP LIBERTY
MEDIA CL COM 001957208 292 5,546 SH SOLE 5,546 0 -
BELLSOUTH CORP COM 079860102 1,715 42,800 SH SOLE 42,800 0 -
BERKSHIRE HATHAWAY
INC DEL COM 084670108 714 10 SH SOLE 10 0 -
BIOTECHNOLOGY
INVESTMENTS COM 090995110 144 33,834 SH SOLE 33,834 0 -
BP AMOCO ADS COM 055622104 1,200 11,881 SH SOLE 11,881 0 -
BP AMOCO ADS COM 055622104 788 7,806 SH OTHER - 0 7,806
BRIGGS & STRATTON
CORP COM COM 109043109 542 11,000 SH SOLE 11,000 0 -
BRISTOL MYERS SQUIBB
CO COM 110122108 2,611 40,720 SH SOLE 40,720 0 -
BRISTOL MYERS SQUIBB CO COM 110122108 770 12,000 SH OTHER - 0 12,000
CABOT INDL TR - COM
SH BEN COM 127072106 2,099 111,200 SH SOLE 111,200 0 -
CATERPILLAR INC COM 149123101 243 5,296 SH SOLE 5,296 0 -
CBS CORPORATION COM 12490K107 269 6,600 SH SOLE 6,600 0 -
CHEMFAB CORP COM COM 16361L102 1,759 106,590 SH SOLE 106,590 0 -
CHEVRON CORP COM 166751107 445 5,016 SH SOLE 5,016 0 -
CHEVRON CORP COM 166751107 373 4,200 SH OTHER - 0 4,200
CHUBB CORP COM 171232101 2,091 35,700 SH SOLE 35,700 0 -
CISCO SYS INC COM 17275R102 355 3,243 SH SOLE 3,243 0 -
COCA COLA CO COM 191216100 779 12,700 SH SOLE 12,700 0 -
COLGATE PALMOLIVE CO COM 194162103 552 6,000 SH OTHER - 0 6,000
CORNING INC COM 219350105 3,165 52,750 SH SOLE 52,750 0 -
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CROWN PACIFIC PTRS
L.P. UN COM 228439105 1,878 89,700 SH SOLE 89,700 0 -
CSG SYS INTL INC COM 126349109 455 11,532 SH SOLE 11,532 0 -
DEERE & CO COM 244199105 332 8,600 SH SOLE 8,600 0 -
DISNEY WALT PRODTNS COM 254687106 368 11,838 SH OTHER - 0 11,838
DOCUNET INC. CDT-PFD
SER B COM 25616A200 27 12,500 SH SOLE 12,500 0 -
DOVER CORP COM 260003108 1,621 49,300 SH SOLE 49,300 0 -
DU PONT E I DE NEMOURS
CO COM 263534109 339 5,835 SH SOLE 5,835 0 -
E TOWN COM COM 269242103 594 14,737 SH SOLE 14,737 0 -
ELECTRONIC DATA SYSTEMS COM 285661104 370 7,600 SH SOLE 7,600 0 -
EXXON CORP COM 302290101 3,293 46,662 SH SOLE 46,662 0 -
EXXON CORP COM 302290101 423 6,000 SH OTHER - 0 6,000
FED HOME LN MTG
CP-VTG COM COM 313400301 1,055 18,400 SH SOLE 18,400 0 -
FED HOME LN MTG
CP-VTG COM COM 313400301 888 15,500 SH OTHER - 0 15,500
FEDERAL NAT MORTGAGE
ASSN COM 313586109 1,094 15,800 SH SOLE 15,800 0 -
FIRST UNION CORP COM 337358105 892 16,686 SH SOLE 16,686 0 -
GENERAL ELECTRIC
COMPANY COM 369604103 6,930 62,647 SH SOLE 62,647 0 -
GENERAL ELECTRIC
COMPANY COM 369604103 830 7,500 SH OTHER - 0 7,500
GILLETTE CO COM 375766102 880 14,800 SH OTHER - 0 14,800
GTE CORP COM 362320103 261 4,310 SH SOLE 4,310 0 -
GTE CORP COM 362320103 346 5,715 SH OTHER - 0 5,715
INTEL CORP COM 458140100 1,350 11,360 SH SOLE 11,360 0 -
INTERNATIONAL BUSINESS
MAC COM 459200101 591 3,336 SH SOLE 3,336 0 -
INTERPUBLIC GROUP
COS INC COM 460690100 337 4,324 SH SOLE 4,324 0 -
JEFFERSON PILOT CORP COM 475070108 305 4,500 SH SOLE 4,500 0 -
JOHNSON & JOHNSON COM 478160104 2,300 24,600 SH SOLE 24,600 0 -
KCS GROUP INC NEW COM 482434206 63 48,020 SH SOLE 48,020 0 -
LEHMAN BROS HLDGS INC COM 524908100 262 4,380 SH SOLE 4,380 0 -
LOEWS CORP COM 540424108 226 3,034 SH SOLE 3,034 0 -
MALLINCKRODT INC NEW COM 561232109 1,395 52,400 SH SOLE 52,400 0 -
MALLINCKRODT INC NEW COM 561232109 226 8,500 SH OTHER - 0 8,500
MELLON BANK CORP COM 585509102 282 4,000 SH SOLE 4,000 0 -
MELLON BANK CORP COM 585509102 211 3,000 SH OTHER - 0 3,000
MERCK & CO COM 589331107 4,665 58,222 SH SOLE 58,222 0 -
MERCK & CO COM 589331107 577 7,200 SH OTHER - 0 7,200
MILLIPORE CORP COM 601073109 290 12,000 SH SOLE 12,000 0 -
MINNESOTA MNG & MFG CO COM 604059105 547 7,725 SH SOLE 7,725 0 -
MINNESOTA MNG & MFG CO COM 604059105 289 4,080 SH OTHER - 0 4,080
MOBIL CORP COM 607059102 3,196 36,320 SH SOLE 36,320 0 -
MONSANTO CO COM 611662107 200 4,360 SH SOLE 4,360 0 -
MORGAN J.P. & CO INC COM 616880100 405 3,280 SH SOLE 3,280 0 -
MOTOROLA INC COM 620076109 549 7,501 SH SOLE 7,501 0 -
______
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81,475
NCT GROUP INC - COM COM 62888Q109 55 144,600 SH SOLE 144,600 0 -
NESTLE SA SPONSORED ADR FOREIGN COMM 641069406 216 2,400 SH SOLE 2,400 0 -
NEWELL RUBBERMAID INC. COM 651229106 3,344 70,400 SH SOLE 70,400 0 -
NEWELL RUBBERMAID INC. COM 651229106 404 8,500 SH OTHER - 0 8,500
NORFOLK SOUTHN CORP COM 655844108 628 23,803 SH SOLE 23,803 0 -
NORTHERN TRUST CORP COM 665859104 426 4,800 SH SOLE 4,800 0 -
NUI CORP COM 629430109 438 20,307 SH SOLE 20,307 0 -
PALL CORP COM 696429307 174 10,529 SH SOLE 10,529 0 -
PEPSICO INC COM 713448108 371 9,480 SH SOLE 9,480 0 -
PEPSICO INC COM 713448108 314 8,000 SH OTHER - 0 8,000
PFIZER INC COM 717081103 307 2,210 SH SOLE 2,210 0 -
PHILIP MORRIS COS INS COM 718154107 361 10,262 SH SOLE 10,262 0 -
PLUM CREEK TIMBER CO
LP DE COM 729237107 1,499 52,600 SH SOLE 52,600 0 -
POTASH CORP SASK INC COM 73755L107 2,204 41,200 SH SOLE 41,200 0 -
POTASH CORP SASK INC COM 73755L107 294 5,500 SH OTHER - 0 5,500
PRISON RLTY CORP COM COM 74264N105 2,871 164,668 SH SOLE 164,668 0 -
PROCTER & GAMBLE CO COM 742718109 4,635 47,325 SH SOLE 47,325 0 -
PROVIDIAN FINL CORP COM 74406A102 1,045 9,500 SH SOLE 9,500 0 -
READERS DIGEST ASSN
INC CL COM 755267101 1,267 40,300 SH SOLE 40,300 0 -
REGIS CORP MINN COM 758932107 6,412 240,820 SH SOLE 240,820 0 -
REGIS CORP MINN COM 758932107 395 14,850 SH OTHER - 0 14,850
ROYAL DUTCH PETRO-NY
SHARE COM 780257804 1,653 31,794 SH SOLE 31,794 0 -
SBC COMMUNICATIONS, INC COM 78387G103 278 5,892 SH SOLE 5,892 0 -
SCHLUMBERGER COM 806857108 1,345 22,346 SH SOLE 22,346 0 -
SIGMA ALDRICH CORP COM 826552101 1,337 45,700 SH SOLE 45,700 0 -
TEXACO INC COM 881694103 596 10,500 SH SOLE 10,500 0 -
TIME WARNER INC COM 887315109 3,569 50,400 SH SOLE 50,400 0 -
TRICO MARINE SVCS INC
COM COM 896106101 120 21,100 SH SOLE 21,100 0 -
TYCO INTL LTD NEW COM COM 902124106 258 3,600 SH SOLE 3,600 0 -
UNITED WTR RES INC COM 913190104 490 23,635 SH SOLE 23,635 0 -
US BANCORP COM 902973106 409 12,000 SH OTHER - 0 12,000
VIACOM INC CL B COM 925524308 3,232 77,000 SH SOLE 77,000 0 -
VODAFONE GROUP PLC
SPONSOR COM 92857T107 648 3,450 SH SOLE 3,450 0 -
VODAFONE GROUP PLC
SPONSOR COM 92857T107 676 3,600 SH OTHER - 0 3,600
WARNER LAMBERT CO COM 934488107 305 4,600 SH SOLE 4,600 0 -
WELLS FARGO NEW COM 949746101 210 6,000 SH OTHER - 0 6,000
ZEMEX CDA CORP COM COM 988910105 102 18,733 SH SOLE 18,733 0 -
________ _________ _________ ___ _______
$124,563 3,005,713 2,803,499 202,214
</TABLE>
00146001.AM5
