COVER PAGE
Period ended 9/30/99
James J. Cramer
Cramer Capital
40 Fulton Street
24th Floor
New York, New York 10038
CIK 0001087699
Melissa Kasper
Analyst
212 537-2931
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SUMMARY PAGE
Number of other included managers: None
Form 13F-HR Table Entry Total: 312
Form 13F-HR Information Table Value Total: $122,548
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<TABLE>
<C> <C>
Name of Issuer Title of ClCUSIP NumberFair Market ValShares of PrincSole
Amazon.com COM 23135106 1,798,593.75 22,500Sole
America Online COM 02364J104 6,243,750.00 60,000Sole
America Online 10/120C 02364J9JD 140,625.00 1,500Sole
Ariba COM 04033V104 1,083,750.00 7,500Sole
Avon Products COM 154303102 1,240,625.00 50,000Sole
Bank Toyko COM O65379109 1,148,437.00 75,000Sole
Best Foods COM 08658U101 1,699,687.00 35,000Sole
Bristol Myers COM 110122108 5,737,500.00 85,000Sole
Bristol Myers 10/70C 1101229JN 22,656.00 250Sole
CBS Corp COM 12490K107 3,468,750.00 75,000Sole
Colgate Palmolive COM 194162103 4,117,500.00 90,000Sole
Conexant COM 207142100 1,453,125.00 20,000Sole
Conexant 10/65P 2071429VM 29,687.00 250Sole
Dial COM 25247D101 7,395,000.00 290,000Sole
DuPont 10/70P 263534109 275,625.00 300Sole
Exodus COM 302088109 720,625.00 10,000Sole
Fairchild COM 303698104 30,932,450.00 3,017,800Sole
Gap Inc 10/30C 364760108 65,625.00 250Sole
Goldman Sachs COM 38141G104 3,355,000.00 75,000Sole
Healthworld COM 42222103 490,000.00 35,000Sole
Hewlett Packard COM 428236103 1,361,250.00 15,000Sole
Hewlett Packard 10/95C 4282369JS 112,500.00 500Sole
Inktomi COM 457277101 1,200,312.00 10,000Sole
Intel COM 458140100 1,486,250.00 20,000Sole
Internap Networks COM 45885A102 223,125.00 15,000Sole
ITXC COM 45069F109 318,125.00 10,000Sole
JDS Uniphase COM 46612J101 853,593.00 7,500Sole
Juniper Network COM 40203R104 3,641,250.00 20,000Sole
Kimberly Clark COM 494368103 3,692,500.00 70,000Sole
Lycos COM 550818108 1,253,125.00 25,000Sole
Micron Tech COM 595112103 2,660,000.00 40,000Sole
Microsoft COM 594918104 3,169,687.00 35,000Sole
Newmil Bancorp COM 651633109 990,000.00 90,000Sole
Nokia COM 654902204 3,145,625.00 35,000Sole
Nokia 10/100P 6549029VT 360,937.00 350Sole
Policy Mgmt SystemCOM 731108106 790,625.00 25,000Sole
Procter & Gamble COM 742718109 4,687,500.00 50,000Sole
Redback Networks COM 757209101 1,350,000.00 12,500Sole
Sara Lee COM 803111103 2,337,500.00 100,000Sole
Schlumberger 10/65P 8068579VM 38,125.00 100Sole
Stride Rite COM 863314100 595,000.00 85,000Sole
Sun International 10/25P P8797T9VE 42,968.00 250Sole
Texas Instruments COM 882508104 1,645,000.00 20,000Sole
Thestreet.com COM 88368Q103 1,152,750.00 63,600Sole
UFP Tech COM 902673102 3,135,380.00 1,040,000Sole
United Technology COM 913017109 2,075,937.00 35,000Sole
Univision COM 914906102 4,475,625.00 55,000Sole
Yahoo COM 984332106 3,590,000.00 20,000Sole
Yahoo 10/200C 9843329JT 247,812.00 650Sole
Yahoo 10/220C 9843329JD 93,750.00 1000Sole
Ziff-Davis COM 989511100 403,125.00 25,000Sole
</TABLE>
