COVER PAGE
Period ended 12/31/99
James J. Cramer
Cramer Capital
40 Fulton Street
24th Floor
New York, New York 10038
CIK 0001087699
Melissa Kasper
Analyst
212 537-2931
SUMMARY PAGE
Number of other included managers: None
Form 13F-HR Table Entry Total: 324
Form 13F-HR Information Table Value Total: $173,024
<TABLE> <C> <C>
Name of Issuer Title of ClCUSIP Fair Market ValShares of
PrincSole
America Online COM O2364J104 1,138,125.00
15,000Sole
Ariba COM O4033V104 1,733,750.00
10,000Sole
Be Free COM O73308108 6,109,375.00
85,000Sole
BEA Systems COM O73325102 349,687.50
5,000Sole
Broadvision COM 111412102 850,312.50
5,000Sole
Brocade COM 111621108 4,867,500.00
27,500Sole
Cacheflow COM 126946102 392,687.50
3,000Sole
CBS COM 12490K107 959,062.50
15,000Sole
Cendant 1/20C 151313103 135,000.00
200Sole
Cisco COM 17275R102 2,142,500.00
20,000Sole
Compaq COM 204493100 1,082,500.00
40,000Sole
Conexant COM 207142100 995,625.00
15,000Sole
Corr Therapeutics COM 217753102 1,612,500.00
60,000Sole
Digital Island COM 25385N101 380,500.00
4,000Sole
Doubleclick COM 258609304 759,187.50
3,000Sole
E Piphany COM 26881V100 2,231,250.00
10,000Sole
E Trade COM 269246104 1,175,625.00
45,000Sole
EMC COM 268648102 546,250.00
5,000Sole
Extreme Networks COM 30226D106 584,500.00
7,000Sole
Fairchild COM 303698104 28,346,593.75
3,127,900Sole
Freemarkets COM 356602102 853,181.25
2,500Sole
Goldman Sachs COM 38141G104 1,412,812.50
15,000Sole
GOTO.com COM 38348T107 734,375.00
12,500Sole
IBM COM 459200101 2,157,500.00
20,000Sole
Infinity BroadcastingCOM 45662S102 1,085,625.00
30,000Sole
Inktomi COM 457277101 1,508,750.00
17,000Sole
Intel COM 458140100 1,646,250.00
20,000Sole
Internet Capital GrouCOM 46059C106 3,400,000.00
20,000Sole
Jacada COM 223,000.00
8,000Sole
JDS Uniphase COM 46612J101 3,548,875.00
22,000Sole
Microsoft COM 594918104 2,335,000.00
20,000Sole
Microstrategy COM 594972101 1,050,000.00
5,000Sole
Newmil Bancorp COM 651633109 1,040,000.00
80,000Sole
Nokia COM 654902204 3,821,250.00
20,000Sole
Nortel Networks COM 656569100 1,010,000.00
10,000Sole
Oracle COM 68389X105 1,120,625.00
10,000Sole
PCOrder COM 70453H107 1,020,000.00
20,000Sole
Phone.com COM 71920Q100 1,739,062.50
15,000Sole
PMC-Sierra COM 69344F106 -400,781.25 -
2,500Sole
Portal Software COM 736126103 1,285,937.00
12,500Sole
Primedia COM 74157K101 742,500.00
45,000Sole
Qualcomm COM 747525103 440,312.50
2,500Sole
Qwest Communications COM 749121109 645,000.00
15,000Sole
Redback Networks COM 757209101 443,750.00
2,500Sole
Siebel Systems COM 826170102 420,000.00
5,000Sole
Sun Microsystems COM 866810104 1,161,562.50
15,000Sole
Terayon CommunicationCOM 880775101 3,140,625.00
50,000Sole
Thestreet.com COM 88368Q103 2,398,437.50
125,000Sole
Tibco Software COM 88632Q103 918,000.00
6,000Sole
UFP Technology COM 902673102 1,292,500.00
470,000Sole
United States Treasur 66,740,625.00
70,000,000Sole
UPS COM 911312106 2,415,000.00
35,000Sole
Verisign COM 92343E 102 954,687.50
5,000Sole
Yahoo COM 984332106 4,326,875.00
10,000Sole
</TABLE>
