UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: ____3/31/99_____
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: __Bowman Financial Management Co., Inc.___
Address: __1013 N. Calvert Street__________________
__Baltimore, MD. 21202____________________
__________________________________________
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: ___Bernard Smith__________________________
Title: __System Administrator___________________
Phone: __410-685-0234___________________________
Signature, Place, and Date of Signing:
_Bernard Smith_______ _Baltimore, Maryland________ __5/15/99_
[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 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).)
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.]
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: ___None______
Form 13F Information Table Entry Total: ____246_______
Form 13F Information Table Value Total: $_113,367,412.55_
(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-____________ ________
Form 13F INFORMATION TABLE
Name CLASS CUSIP Value AMT Inv.Desc. Other Man. Author.
DSC Comm CV 233311AC3 15,525.00 15,000 Y N Sole
Charming Shoppes CV 161133AA1 121,162.50 135,000 Y N Sole
Noram Energy CV 655419AC 362,425.00 380,000 Y N Sole
Consolidated Edison CV 209111CE1 51,015.62 50,000 Y N Sole
Aetna Inc. CV 008175AF8 32,216.25 33,000 Y N Sole
MCI Communications CV 552673AS 34,433.44 33,000 Y N Sole
US West Comm. CV 912920AL 49,656.25 50,000 Y N Sole
New York Telephone CV 650094CB 28,223.10 28,000 Y N Sole
Aetna Prides 6.25% CP 008117202 1,365,031.25 18,050 Y N Sole
Cendant Corp PFD I CP 151313301 247,787.50 8,600 Y N Sole
MCN Engy GP Feline CP 55267J308 591,553.12 18,450 Y N Sole
Medpartners Inc. CP 58503X206 229,087.50 29,800 Y N Sole
Protective Life CP 743674202 2,205,862.50 35,400 Y N Sole
Arizona Public PS 0405557 9,121.87 350 Y N Sole
General Motors Corp PS 37044280 25,562.50 1,000 Y N Sole
Cendent Corp. CS 151313103 4,733.44 297 Y N Sole
Charming Shoppes CS 161133103 5,812.50 1,500 Y N Sole
Dollar General CS 256669102 1,707,327.00 50,215 Y N Sole
Eastman Kodak CS 277461109 132,650.49 2,077 Y N Sole
Ford Motor CS 345370100 268,131.87 4,730 Y N Sole
General Motors CS 370442832 17,400.00 200 Y N Sole
General Motors CS 370442832 100.87 2 Y N Sole
Genuine Parts CS 372460105 6,454.00 224 Y N Sole
Gillette Company CS 375766102 2,114,667.37 35,578 Y N Sole
Home Depot CS 43707610 360,427.50 5,790 Y N Sole
Kimberly Clark CS 494368103 4,793.75 100 Y N Sole
May Department CS 577778103 11,737.50 300 Y N Sole
Newell Rubbermaid CS 651229106 19,000.00 400 Y N Sole
Proctor & Gamble CS 74271810 2,142,970.44 21,881 Y N Sole
Raytheon Co. CS 755111408 346.50 6 Y N Sole
Rite Aid Corp. CS 767754104 140,000.00 5,600 Y N Sole
Service Masters Ltd CS 81760N109 ,488,672.66 73,288 Y N Sole
Toys R Us CS 892335100 1,881.25 100 Y N Sole
Tribune Co. New CS 896047107 40,898.44 625 Y N Sole
Wal-Mart Stores Inc CS 93114210 4,452,379.69 48,297 Y N Sole
Walgreen CS 931422109 200,575.00 7,100 Y N Sole
Walt Disney CS 254687106 378,168.75 12,150 Y N Sole
Whirlpool Corp. CS 963320106 6,851.25 126 Y N Sole
AMP, Inc. CS 031897101 106,732.50 1,995 Y N Sole
AVX Electrical CS 002444107 281,600.00 17,600 Y N Sole
Allied Signal CS 019512102 324,637.50 6,600 Y N Sole
Anerican Tower Corp CS 029912201 112,700.00 4,600 Y N Sole
ADP CS 053015103 1,189,117.50 28,740 Y N Sole
Checkpoint Systems CS 162825103 21,612.50 2,600 Y N Sole
Computer Science CS 205363104 2,080,568.75 37,700 Y N Sole
Cooper Industries CS 216669101 8,013.50 188 Y N Sole
Du Pont E I De CS 263534109 116,357.25 2,004 Y N Sole
Eastman Chemical CS 277432100 21,986.11 523 Y N Sole
Electronic Data Sys CS 285661104 601,582.75 12,356 Y N Sole
Emerson Electric CS 29101110 1,994,579.12 37,678 Y N Sole
Fritz Trans. CS 358846103 687.50 100 Y N Sole
General Electric CS 369604103 4,621,912.50 41,780 Y N Sole
Grainger WW CS 384802104 232,537.50 5,400 Y N Sole
Harsco Corp CS 415864107 6,296.87 250 Y N Sole
Imation CS 45245a107 5,940.00 360 Y N Sole
Iridium World Co CS G49398103 19,662.50 1,300 Y N Sole
Lockhead Martin CS 539830109 9,437.50 250 Y N Sole
Manpower CS 56418h100 731,193.75 31,281 Y N Sole
3M CS 604059105 757,378.75 10,705 Y N Sole
Molex Inc. CS 608554101 32,312.50 1,100 Y N Sole
Molex Inc. Class A CS 608554200 196,657.13 7,600 Y N Sole
N S Group Inc. CS 628916108 5,006.25 900 Y N Sole
Olsten Corp CS 681385100 5,568.75 900 Y N Sole
RPM Inc Ohio CS 749685103 7,235.75 562 Y N Sole
Robert Half CS 770323103 132,890.62 4,050 Y N Sole
Sun Microsystems CS 866810104 12,506.25 100 Y N Sole
Interpublic Group CS 460690100 1,022,109.37 13,125 Y N Sole
United Technologies CS 913017109 13,543.75 100 Y N Sole
Xerox Corp. CS 98412110 1,057,572.25 19,814 Y N Sole
Modis Services CS 607830106 450,406.25 49,700 Y N Sole
Abbott Laboratories CS 00282410 2,895,212.69 61,847 Y N Sole
American Home Prod. CS 026609107 208,800.00 3,200 Y N Sole
Amgen CS 031162100 905,987.50 12,100 Y N Sole
Biomet, Inc. CS 0806131D0 2,096.87 50 Y N Sole
Boston Scientific CS 101137107 16,250.00 400 Y N Sole
Bristol Myers CS 110122108 1,053,189.00 16,424 Y N Sole
Cardinal Health CS 14149Y10 1,252,350.00 18,975 Y N Sole
Chesapeake Bio. Lab CS 165146101 1,096.87 585 Y N Sole
Columbia/HCA Health CS 197677107 35,981.25 1,900 Y N Sole
Glaxo Holdings PLC CS 37733W105 7,430.06 111 Y N Sole
Intergrated Systems CS 45812M104 7,687.50 600 Y N Sole
Johnson & Johnson CS 47816010 2,526,183.00 27,018 Y N Sole
Lilly CS 532457108 318,281.25 3,750 Y N Sole
MedPartners CS 58503X107 15,200.00 3,200 Y N Sole
Medtronics, Inc. CS 85055106 100,625.00 1,400 Y N Sole
Merck & Co. CS 589331107 547,253.75 6,830 Y N Sole
Networks Assoc.Inc. CS 640938106 6,904.69 225 Y N Sole
Pfizer CS 717081103 437,340.00 3,152 Y N Sole
Quest Diagnostics CS 74834L100 1,144.53 56 Y N Sole
Schering Plough CS 806605101 70,720.00 1,280 Y N Sole
Smithkline Beecham CS SBH 40,469.00 566 Y N Sole
Trigon Healthcare CS 89618L100 345,925.00 10,100 Y N Sole
United Healthcare CS 910581107 352,587.50 6,700 Y N Sole
Warner-lambert CS 934488107 44,586.25 673 Y N Sole
3Com Corp. CS 885535104 4,662.50 200 Y N Sole
Apple Computer CS 037833100 56,709.37 1,578 Y N Sole
Atmel Corp CS 04951310 2,165,737.50 142,600 Y N Sole
Cisco Systems CS 17275R102 1,774,036.00 16,192 Y N Sole
Compaq Computers CS 20449310 1,489,312.50 47,000 Y N Sole
Computer Associates CS 204912109 5,334.37 150 Y N Sole
EMC Corp. CS 268648102 102,200.00 800 Y N Sole
Glenayre Tech. CS 377899109 2,750.00 800 Y N Sole
Hewlett Packard CS 428236103 1,897,800.62 27,986 Y N Sole
Honeywell Inc CS 438506107 37,906.25 500 Y N Sole
IBM CS 459200101 477,160.37 2,692 Y N Sole
Intel Corp. CS 45814010 671,643.75 5,650 Y N Sole
Nicrosoft Corp CS 59491810 2,265,720.00 25,280 Y N Sole
NCR Corp CS 62886E108 50.00 1 Y N Sole
Oracle Systems CS 68389X105 2,793,798.25 105,926 Y N Sole
Coca Cola Corp. CS 191216100 258,081.87 4,205 Y N Sole
Heinz CS 423074103 52,112.50 1,100 Y N Sole
Hershey Foods CS 427866108 50,456.25 900 Y N Sole
McCormick & Co CS 579780206 49,300.00 1,700 Y N Sole
McDonald's Corp CS 58013510 360,687.50 7,960 Y N Sole
Nestle SA Sponsored CS 641069406 13,642.05 150 Y N Sole
Pepsi Company CS 713448108 273,136.87 6,970 Y N Sole
Sara Lee Corp CS 803111103 757,845.00 30,620 Y N Sole
Sysco Corp CS 87182910 1,133,542.50 43,080 Y N Sole
Trigon Global Rest. CS 895953107 14,050.00 200 Y N Sole
AT&T CS 001957109 133,667.98 1,675 Y N Sole
Airtouch Comm. CS 00949T100 3,377,526.87 34,955 Y N Sole
Ameritech Corp CS 030954101 39,415.50 684 Y N Sole
Ascend Comm. CS 043491109 58,581.25 700 Y N Sole
Bell Atlantic CS 077853109 550,988.75 10,660 Y N Sole
Bellsouth Corp. CS 079860102 1,172,068.50 29,256 Y N Sole
Cinergy Corp CS 1742474108 20,625.00 750 Y N Sole
Connectiv CS 206829103 56,768.75 2,930 Y N Sole
DPL Inc. CS 23329310 38,973.00 2,362 Y N Sole
Firstenergy Corp CS 337932107 17,640.00 630 Y N Sole
GTE Corp CS 362320103 1,306,860.50 21,601 Y N Sole
Lucent Technologies CS 549463107 1,246,170.18 11,539 Y N Sole
MCI Worldcom CS 98155K102 21,963.50 248 Y N Sole
McGraw Hill Inc. CS 580643109 65,400.00 1,200 Y N Sole
Motorola Inc CS 620076109 882,662.50 12,050 Y N Sole
New century Ener. CS 643526103 16,179.69 475 Y N Sole
New York Times CS 650111107 15,817.50 555 Y N Sole
OGE Energy Corp CS 670837103 22,562.50 1,000 Y N Sole
Potomac Electric CS 737679100 40,881.19 1,763 Y N Sole
SBC Communications CS 78387G103 1,927,259.24 40,843 Y N Sole
Sprint Comm. CS 852061100 9,812.50 100 Y N Sole
Texas Utilities CS 882848104 29,400.00 700 Y N Sole
U.S. West Inc. CS 912912AM4 8,479.62 154 Y N Sole
Ameren Corp CS 023608102 43,425.00 1,200 Y N Sole
American Electric CS 025537101 65,484.37 1,650 Y N Sole
BEC Energy CS 05538M101 9,187.50 250 Y N Sole
BGE CS 059165100 90,470.25 3,565 Y N Sole
CBS Corp CS 960402105 22,038.75 540 Y N Sole
Duke Power Company CS 264399106 32,887.50 600 Y N Sole
Edison Int'l CS 281020107 15,575.00 700 Y N Sole
Entergy Corp CS 293646103 5,500.00 200 Y N Sole
FPL Group CS 302571104 49,256.25 925 Y N Sole
Highwoods Property CS 431284108 7,068.75 300 Y N Sole
New England Elect. CS 643872104 9,700.00 200 Y N Sole
Public Service Ent. CS 744573106 25,165.56 659 Y N Sole
Rochester Gas CS 771367109 24,689.23 963 Y N Sole
Southern Company CS 842587107 40,470.50 1,736 Y N Sole
Unicom Corp CS 904911104 58,499.99 1,600 Y N Sole
Union Carbide Corp CS 905581104 6,145.50 136 Y N Sole
Allegheny Energy CS 017361106 20,650.00 700 Y N Sole
Atlantic Richfield CS 048825103 14,625.00 200 Y N Sole
BP Amoco PLCS CS 055622104 160,590.00 1,590 Y N Sole
Chevron Corp CS 166751107 127,356.25 1,435 Y N Sole
Consolidated Gas CS 209615103 1,290,218.75 26,500 Y N Sole
Exxon Corp CS 30229010 1,918,523.81 27,189 Y N Sole
Halliburton Co CS 406216101 2,393,930.00 62,180 Y N Sole
KN Energy Inc CS 482620101 24,111.50 1,162 Y N Sole
MCN Energy CS 55267J100 86,737.50 5,400 Y N Sole
Mobil Corp CS 607059102 563,200.00 6,400 Y N Sole
Noble Affiliates CS 654894104 14,761.00 509 Y N Sole
Occidental Petrol. CS 674599105 10,800.00 600 Y N Sole
Royal Dutch CS 780257804 270,244.00 5,197 Y N Sole
Schlumberger Ltd CS 806857108 75,234.37 1,250 Y N Sole
Sun Company CS 866674104 6,635.50 184 Y N Sole
Texaco Inc CS 881694103 790,527.50 13,930 Y N Sole
Unocal CS 88169410 213,875.00 5,800 Y N Sole
Williams Co., Inc. CS 969457100 28,993.00 734 Y N Sole
AQM Automotive Corp CS 001949106 371.22 2,000 Y N Sole
Burl.North.Santa Fe CS 12189T104 644,613.00 19,608 Y N Sole
CSX Corp CS 126408103 25,698.75 660 Y N Sole
Southwest Airlines CS 741108 13,612.50 450 Y N Sole
Sprint Corp Pcs CS 852061100 2,215.62 50 Y N Sole
Aflac Inc. CS 001055102 1,434,210.37 26,346 Y N Sole
Allied Capital Coml CS 019029107 14,700.00 800 Y N Sole
Allstate Insurance CS 020002101 158,331,00 4,272 Y N Sole
American Intern. CS 02687410 5,786,396.83 47,970 Y N Sole
Assoc.First Capital CS 046008108 108,450.00 2,410 Y N Sole
BB&T Corp CS 054937107 32,424.00 896 Y N Sole
Banc One CS 06423A103 126,093.12 2,290 Y N Sole
BankAmerica Corp CS 06605F102 1,922,520.47 27,222 Y N Sole
Capital One Finan. CS 14040H105 8,039.50 56 Y N Sole
Citigroup CS 17296701 1,985,936.67 31,091 Y N Sole
Duff and Phelps CS 264324104 16,125.00 1,500 Y N Sole
Fannie Mae CS 31358610 2,187,676.75 31,591 Y N Sole
Federal Home Loan CS 313400301 1,359,108.62 23,714 Y N Sole
First data Corp CS 319963104 2,301,360.75 53,833 Y N Sole
First Mariner Bank CS 320795107 13,131.25 1,100 Y N Sole
First Security Corp CS 336294108 29,316.37 1,518 Y N Sole
First Union Corp CS 337358105 1,120,050.00 20,960 Y N Sole
First Virginia Bank CS 337477103 909,181.25 19,900 Y N Sole
Firstar Corp CS 33763V109 250,331.50 2,797 Y N Sole
H & R Block Inc CS 09367110 92,428.62 1,951 Y N Sole
Hibernia Corp Class CS 428656102 542,006.25 41,000 Y N Sole
Lincoln National CS 534187109 146,335.00 1,480 Y N Sole
MBNA Corp CS 55262L100 848,923.37 35,557 Y N Sole
Mellon Bank Corp CS 585509102 7,037.50 100 Y N Sole
Mercantile Bank CS 587405101 127,095.00 3,435 Y N Sole
Northern Trust CS 665859104 274,253.00 3,088 Y N Sole
PNC Bank Corp CS 693475105 210,137.37 3,782 Y N Sole
Provident Bank CS 743859100 426,663.08 16,332 Y N Sole
Regions Fin'l Corp CS 758940100 31,162.50 900 Y N Sole
Suntrust Fin'l CS 867914103 227,959.50 3,662 Y N Sole
T Rowe Price Assoc. CS 741477103 20,625.00 600 Y N Sole
US Bancorp CS 902973106 40,568.44 1,191 Y N Sole
United Bancshares CS 909907107 18,071.25 790 Y N Sole
Wells Fargo & Co. CS 949746101 52,593.75 1,500 Y N Sole
BRE Properties Inc. CS 05564E106 29,141.00 1,288 Y N Sole
Boston Properties CS 099709107 6,325.00 200 Y N Sole
Boykin Lodging Trst CS 103430104 8,820.00 735 Y N Sole
Duke Realty Invest. CS 264411505 1,079,300.00 50,200 Y N Sole
Equity Residential CS 29476L107 10,931.25 265 Y N Sole
Federal Realty Inv. CS 313747206 16,950.00 800 Y N Sole
Health Properties CS 421915109 27,000.00 2,000 Y N Sole
Mid-Atlantic Realty CS 595232109 10,250.00 1,000 Y N Sole
Simon Property CS 828806109 1,514,550.00 55,200 Y N Sole
Wash. Real Estate CS 939653101 379,265.62 23,250 Y N Sole
ABB AB CS 002560103 9,656.25 750 Y N Sole
Unilever NV NY CS 904784709 116,930.00 1,760 Y N Sole
Masco Corp CS 574599106 13,334.00 472 Y N Sole
Berkshire Hathaway CS 084670108 66,415.75 28 Y N Sole
Conseco Inc. CS 208464107 594,405.50 19,252 Y N Sole
Jefferson Pilot CS 475070108 24,516.75 337 Y N Sole
Marsh & McLennan CS 571748102 1,421,219.25 19,141 Y N Sole
Protective Life CS 743674103 7,575.00 200 Y N Sole
Alfacell Corp NP 015404106 203.12 500 Y N Sole
Duff & Phelps Selec NP 264324104 37,336.36 3,473 Y N Sole
New Amer.High Yield HYB 641876107 5,919.62 1,334 Y N Sole
Exxon OE 30229010 131,246.25 1.860 Y N Sole
Wal-Mart Stores Inc.FS 93114210 55,312.50 600 Y N Sole
Cedant Corp FS 151313103 15,937.47 1,000 Y N Sole
General Electric FS 369604103 265,500.00 2,400 Y N Sole
Imation Corp FS 45245A107 5,940.00 360 Y N Sole
Chevron Corp FS 166751107 5,857.50 66 Y N Sole
Minnes.Mining & Man FS 604059105 24,196.50 342 Y N Sole
Nordstroms FS 655664100 16,350.00 400 Y N Sole
Total Value: $113,367,412.55
