UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 9-30-99
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: Churchill Management Corporation
Address: 5900 Wilshire Blvd., Suite 600
Los Angeles, CA 90036
Form 13F File Number: 28-05029
The institutional investment manager filing this report and the person by
whom it is signed hereby represent 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: Fred A. Fern
Title: President
Phone: 323-937-7110
Signature, Place and Date of Signing:
Fred A. Fern Los Angeles, CA 11-8-99
[Signature] [City, State] [Date]
Report Type (Check only one.):
XX 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).)
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 38
Form 13F Information Table Value Total: 88,490,000
List of Other Included Managers:
NONE
<Page
<TABLE>
NAME OF ISSUER TITLE OF CUSIP VALUE SHARES INV. OTHER AUTH
CLASS X1000 DISC MGR
<C> <C>
ABERCROMBIE & FITCH CO CL A COM 002896207 262 7688.000 SH SOLE 7688.000
AMERICAN EXPRESS CO COM COM 025816109 3766 27898.000SH SOLE 27898.000
AT&T CORP COM COM 001957109 4354 100089.013SH SOLE 100089.013
BEST BUY COM 086516101 4239 68364.000SH SOLE 68364.000
BMC SOFTWARE INC COM COM 055921100 427 5973.000 SH SOLE 5973.000
C H ROBINSON WORLDWIDE COM COM 12541W100 2290 67975.000SH SOLE 67975.000
CELESTICA INC SUB VTG SHS COM 15101Q108 5806 117600.000SH SOLE 117600.000
CHEVRON CORPORATION COM COM 166751107 486 5481.000 SH SOLE 5481.000
CIRCUIT CITY STORE INC COM 172737108 3093 73305.000SH SOLE 73305.000
CISCO SYS INC COM COM 17275R102 4012 58516.000SH SOLE 58516.000
COSTCO WHSL CORP NEW COM 221607104 1160 16112.000SH SOLE 16112.000
GAP INC DEL COM COM 364760108 2021 63163.157SH SOLE 63163.157
GENERAL ELEC CO COM COM 369604103 4740 39975.397SH SOLE 39975.397
HEWLETT PACKARD CO COM COM 428236103 1921 21162.885SH SOLE 21162.885
HOME DEPOT INC COM COM 437076102 6957 101383.678SH SOLE 101383.678
INT'L BUSINESS MACHINES COM COM 459200101 6192 51174.493SH SOLE 51174.493
INTEL CORP COM COM 458140100 306 4123.455 SH SOLE 4123.455
JOHNSON & JOHNSON COM COM 478160104 2715 29553.086SH SOLE 29553.086
KOHLS CORP COM COM 500255104 490 7406.000 SH SOLE 7406.000
LEGATO SYS INC COM COM 524651106 421 9656.000 SH SOLE 9656.000
LUCENT TECHNOLOGIES COM COM 549463107 8433 129981.140SH SOLE 129981.140
MEDTRONIC INC COM COM 585055106 1815 51045.608SH SOLE 51045.608
MERCK & CO INC COM COM 589331107 1564 24134.320SH SOLE 24134.320
MICROSOFT CORP COM COM 594918104 5620 62062.000SH SOLE 62062.000
MILLENIUM PHARMACEUTIC COM 599902103 3159 48600.000SH SOLE 48600.000
MONACO COACH CORP COM COM 60886R103 757 31050.000SH SOLE 31050.000
NCO GROUP INC COM COM 628858102 2442 51950.000SH SOLE 51950.000
NOKIA CORP COM 654490220 3463 38536.000SH SOLE 38536.000
PFIZER INC COM COM 717081103 2323 64762.287SH SOLE 64762.287
PHILLIPS PETROLEUM COM 718507106 249 5100.000 SH SOLE 5100.000
QUALCOMM INC COM COM 747525103 303 1600.000 SH SOLE 1600.000
SBC COMMUNICATIONS INC COM COM 845333103 734 14379.512SH SOLE 14379.512
SCHWAB CHARLES CP NEW COM COM 808513105 274 8199.067 SH SOLE 8199.067
STRUTHERS INC COM NEW COM 863582201 1 10000.000SH SOLE 10000.000
SUN MICROSYSTEMS INC COM COM 866810104 1214 13056.000SH SOLE 13056.000
SUNRISE TECH INTL INC COM COM 86769L103 71 15000.000SH SOLE 15000.000
TAN RANGE EXPLORATION COM 87535D102 3 12000.000SH SOLE 12000.000
WASHINGTON MUT INC COM COM 939322103 406 13864.000SH SOLE 13864.000
</TABLE>
SM\4058\002\1072086.01
