<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, 2000
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: Kramer Capital Management, Inc.
Address: 767 Third Avenue
5th Floor
New York, New York 10017
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: Andrew B. Kramer
Title: Managing Member
Phone: (212) 906-1198
Signature, Place, and Date of Signing:
/s/ Andrew B. Kramer New York, New York 5/15/2000
_________________________ ____________________ _______________
[Signature] [City, State] [Date]
<PAGE>
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 manger(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-
2
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 177
Form 13F Information Table Value Total: $201,893,300
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
3
<PAGE>
<TABLE>
FORM 13F
Karmer Capital Management, Inc.
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ---------------- --------- -------- -------- ----------- -------- -------- -----------
TITLE OF OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
- ---------------- -------- --------- -------- -------- -------- -------- -------- ----- ------ -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CALL AMER INTL GP
JAN 064 CBOE Equity Option 9999990AN 395.00 80 Call Yes None n/a No No
CALL MCI WORLDCOM
JAN 030 **** Equity Option 9819159A1068 850.25 380 Call Yes None n/a No No
CALL WAL-MART STR
JAN 050 CBOE Equity Option 9311459A6108 380.00 200 Call Yes None n/a No No
CALL WAL-MART STR
JAN 030 CBOE Equity Option 9311459A6068 2,006.88 650 Call Yes None n/a No No
CALL WAL-MART STR
JAN 030 CBOE Equity Option 9311441AF 1,110.00 400 Call Yes None n/a No No
WAL-MART STORES
NTS Common Stock 931142AV5020 5,078.35 50,000 n/a Yes None Yes No No
VODAFONE AIRTOUCH
PLC Common Stock 92857T107000 69.45 1,250 n/a Yes None Yes No No
VIACOM INC-CL B Common Stock 925524308000 1,055.00 20,000 n/a Yes None Yes No No
UNITED STATES TREAS
SEC STRIPS Bond 912833FM7060 13.49 14,000 n/a Yes None n/a No No
UNITED STATES
TREASURY NOTES Bond 912827Z62060 50.43 50,000 n/a Yes None n/a No No
UNITED STATES
TREASURY BONDS Bond 912810EL8060 73.08 60,000 n/a Yes None n/a No No
CALL CENDENT CORP
JAN 015 **** Equity Option 9029639A7038 393.75 500 n/a Yes None n/a No No
CALL CENDENT CORP
JAN 015 **** Equity Option 9029632AC 118.13 150 n/a Yes None n/a No No
CALL TYCO INTERNATIONAL
JAN 25 Equity Option 9021242AE 152.50 50 n/a Yes None n/a No No
TYCO INTERNATIONAL
LTD Common Stock 902124106000 189.53 3,800 n/a Yes None Yes No No
CALL TYCO INTL
JAN 030 **** Equity Option 9019179A4068 276.25 100 Call Yes None n/a No No
CALL TYCO INTL
JAN 025 **** Equity Option 9019179A4058 271.13 90 Call Yes None n/a No No
CALL CITIGROUP
JAN 26.625 **** Equity Option 8939269AQ 1,008.75 300 Call Yes None n/a No No
CALL CITIGROUP
JAN 020 **** Equity Option 8939269A5298 3,611.25 900 Call Yes None n/a No No
TRADITIONAL INDS INC
SUB DEB Bond 892682AA3020 - 1,100,000 n/a Yes None n/a No No
4
<PAGE>
CALL TIME WARNER
JAN 040 PBW Equity Option 88731N9A0088 314.38 50 Call Yes None n/a No No
CALL TIME WARNER
JAN 55 Equity Option 8873152AK 166.13 30 Call Yes None n/a No No
TIME WARNER INC Common Stock 887315109000 6,310.00 63,100 n/a Yes None Yes No No
CALL 3COM CORP
JAN 020 PSE Equity Option 88553R9A6048 1,192.50 300 Call Yes None n/a No No
3COM CORP Common Stock 885535104000 611.88 11,000 n/a Yes None Yes No No
THIRD AVENUE
SMALL-CAP VALUE Common Stock 884116203000 22.27 1,691 n/a Yes None Yes No No
THIRD AVENUE VALUE
FUND INC Common Stock 884116104000 25.10 594 n/a Yes None Yes No No
CALL TEXAS INSTRU
JAN 100 CBOE Equity Option 88251J9A9208 161.25 20 Call Yes None n/a No No
TEXAS INSTRUMENTS
INC Common Stock 882508104000 9,664.00 60,400 n/a Yes None Yes No No
CALL TELLABS INC
JAN 055 PBW Equity Option 8799569A0118 151.50 60 Call Yes None n/a No No
CALL TELLABS INC
JAN 040 PBW Equity Option 8799569A0088 323.75 100 Call Yes None n/a No No
CALL TELLABS INC
JAN 45 Equity Option 8796642AI 120.00 40 Call Yes None n/a No No
TELLABS INC Common Stock 879664100000 144.86 2,300 n/a Yes None Yes No No
CALL TANDY CORP
JAN 35 Equity Option 8753822AG 79.13 30 Call Yes None n/a No No
TANDY CORP Common Stock 875382103000 121.80 2,400 n/a Yes None Yes No No
CALL TANDY CORP
JAN 030 **** Equity Option 8749229A7068 522.50 200 Call Yes None n/a No No
CALL SUN MICRO
JAN 030 PSE Equity Option 86681D9A6068 2,755.00 400 Call Yes None n/a No No
CALL SUN MICRO
JAN 020 PSE Equity Option 86681D9A6048 1,515.00 200 Call Yes None n/a No No
CALL SUN MICRO
JAN 030 PSE Equity Option 86681D2AF 1,367.50 200 Call Yes None n/a No No
SUN MICROSYSTEMS INC Common Stock 866810104000 5,622.18 60,000 n/a Yes None Yes No No
CALL SOLECTRON CP
JAN 025 Equity Option 834900AE 140.00 70 Call Yes None n/a No No
CALL SOLECTRON CP
JAN 025 CBOE Equity Option 83418F9A8058 201.00 120 Call Yes None n/a No No
SOLECTRON CORP Common Stock 834182107000 160.25 4,000 n/a Yes None Yes No No
CALL SEAGATE
TECHNOLOGY JAN 50 Equity Option 8118042AJ 285.00 100 Call Yes None n/a No No
CALL SCHLUMBERGER
JAN 060 **** Equity Option 8069049A8298 362.50 100 Call Yes None n/a No No
SCHLUMBERGER LTD Common Stock 806857108000 53.55 700 n/a Yes None Yes No No
CALL SCHERING PLOUGH
JAN 35 Equity Option 8066052AG 245.00 200 Call Yes None n/a No No
CALL SCHERNG PLGH
JAN 035 PSE Equity Option 8066051AG 83.13 100 Call Yes None n/a No No
SCHERING PLOUGH CORP Common Stock 806605101000 73.50 2,000 n/a Yes None Yes No No
5
<PAGE>
CALL SAFEWAY INC
JAN 050 **** Equity Option 7869131AJ 127.50 200 Call Yes None n/a No No
PROCTER & GAMBLE CO Common Stock 742718109000 22.50 400 n/a Yes None Yes No No
CALL PRICELINE.CO
JAN 060 **** Equity Option 74150M9A4128 97.81 25 Call Yes None n/a No No
PRICELINE.COM INC Common Stock 741503106000 77.50 1,000 n/a Yes None Yes No No
PHILIP MORRIS
COMPANIES INC Common Stock 718154107000 63.38 3,000 n/a Yes None Yes No No
CALL PFIZER INC
JAN 030 AMEX Equity Option 7170859A4068 1,900.00 1,520 Call Yes None n/a No No
CALL PFIZER INC
JAN23.37AMEX Equity Option 7170849A7228 3,516.25 2,425 Call Yes None n/a No No
CALL PFIZER INC
JAN 26.625 AMEX Equity Option 7170841AW 1,320.00 1,100 Call Yes None n/a No No
CALL PFIZER INC
JAN 23.375 AMEX Equity Option 7170841AV 522.00 360 Call Yes None n/a No No
CALL PFIZER INC
JAN 30 Equity Option 7170812AF 737.50 590 Call Yes None n/a No No
PFIZER INC Common Stock 717081103000 1,001.83 27,400 n/a Yes None Yes No No
CALL ORBITAL SCI
JAN 020 **** Equity Option 6859419A6048 85.00 400 Call Yes None n/a No No
CALL NOVELL INC
JAN 015 AMEX Equity Option 6699449A0038 147.50 100 Call Yes None n/a No No
CALL NEXTEL COMM
JAN 030 CBOE Equity Option 6529019A9068 6,075.00 500 Call Yes None n/a No No
CALL INTEL CORP
JAN 070 AMEX Equity Option 65248L9A8148 5,850.00 800 Call Yes None n/a No No
CALL INTEL CORP
JAN 060 AMEX Equity Option 65248L9A8128 2,247.00 280 Call Yes None n/a No No
CALL INTEL CORP
JAN 060 AMEX Equity Option 65248L2AL 3,210.00 400 Call Yes None n/a No No
NEWKIDCO
INTERNATIONAL INC Common Stock 651482101000 37.38 13,000 n/a Yes None Yes No No
NEW YORK ST MTG AGY
REV Bond 649886AM0060 5.03 5,000 n/a Yes None n/a No No
NEW YORK ST MTG AGY
REV SER 34 Bond 649885G95060 10.01 10,000 n/a Yes None n/a No No
NEW YORK ST DORM
AUTH REVS Bond 649832KQ4040 20.17 20,000 n/a Yes None n/a No No
NTL INC Common Stock 629407107000 58.01 625 n/a Yes None Yes No No
MOTOROLA INC Common Stock 620076109000 42.71 300 n/a Yes None Yes No No
CALL M.S.D.W.&CO
JAN 020 **** Equity Option 6169329A9048 3,344.94 545 Call Yes None n/a No No
MICROSOFT CORP Common Stock 594918104000 10.63 100 n/a Yes None Yes No No
METROMEDIA FIBER
NETWORK INC Common Stock 591689104000 77.35 800 n/a Yes None Yes No No
MERRILL LYNCH & CO
INC Common Stock 590188108000 52.50 500 n/a Yes None Yes No No
MERCK & CO INC Common Stock 589331107000 62.13 1,000 n/a Yes None Yes No No
6
<PAGE>
CALL HOME DEPOT
JAN 23.375 Equity Option 58599W1AT 1,275.00 300 Call Yes None n/a No No
CALL MCI WORLDCOM
INC. JAN 40 Equity Option 55268B2AH 249.38 150 Call Yes None n/a No No
CALL MCI WORLDCOM
INC. JAN 35 Equity Option 55268B2AG 75.50 40 Call Yes None n/a No No
CALL MCI WORLDCOM
INC. JAN 30 Equity Option 55268B2AF 43.00 20 Call Yes None n/a No No
MCI WORLDCOM INC Common Stock 55268B106000 1,696.97 37,450 n/a Yes None Yes No No
LYKES CORP SUB DEB Bond 550890AB3020 - 16,000 n/a Yes None n/a No No
LYKES CORP SUB DEB Bond 550890AA5020 - 10,000 n/a Yes None n/a No No
CALL ELI LILLY
JAN 055 AMEX Equity Option 5319479A9118 199.50 140 Call Yes None n/a No No
LAS VEGAS RESORTS
CORP Bond 517831103000 - 19,704 n/a Yes None n/a No No
JOHNSON & JOHNSON Common Stock 478160104000 35.03 500 n/a Yes None Yes No No
CALL INTEL CORP
JAN 040 AMEX Equity Option 45814G9A5088 2,310.00 240 Call Yes None n/a No No
CALL INTEL CORP
JAN 030 AMEX Equity Option 45814D9A2068 9,717.25 940 Call Yes None n/a No No
CALL INTEL CORP
JAN 030 AMEX Equity Option 45814D1AF 3,300.00 320 Call Yes None n/a No No
INTEL CORP Common Stock 458140100000 6,742.02 51,100 n/a Yes None Yes No No
IMMUNEX CORP NEW Common Stock 452528102000 266.44 4,200 n/a Yes None Yes No No
ITT CORP Common Stock 450679AP0020 4,540.68 45,000 n/a Yes None Yes No No
UTS HSBC BK
PLC-SPONSORED Common Stock 44328M302000 22.44 1,000 n/a Yes None Yes No No
HOMELAND STORES INC Common Stock 437394AD1060 1,440.00 20,000 n/a Yes None Yes No No
HOME DEPOT INC Common Stock 437076102000 3,031.50 47,000 n/a Yes None Yes No No
CALL HOME DEPOT
JAN 050 **** Equity Option 4369309A1108 247.50 100 Call Yes None n/a No No
HILTON HOTELS CORP Common Stock 432848109000 72.27 9,325 n/a Yes None Yes No No
CALL HEWLETT PACK
JAN 045 CBOE Equity Option 42823T9A3098 2,169.00 240 Call Yes None n/a No No
HEWLETT PACKARD CO Common Stock 428236103000 1,325.63 10,000 n/a Yes None Yes No No
GILLETTE CO Common Stock 375766102000 18.84 500 n/a Yes None Yes No No
GENERAL ELEC CAP
CORP-SUB NTS Bond 369622DG7060 36.97 35,000 n/a Yes None n/a No No
GENERAL ELECTRIC CO Common Stock 369604103000 93.11 600 n/a Yes None Yes No No
FORD MOTOR CO Common Stock 345370100000 114.85 2,500 n/a Yes None Yes No No
FIRST DATA CORP Common Stock 319963104000 22.13 500 n/a Yes None Yes No No
CALL FEDERAL NATIONAL
JAN 40 Equity Option 3135862AH 540.00 240 Call Yes None n/a No No
FANNIE MAE Common Stock 313586109000 2,895.27 51,300 n/a Yes None Yes No No
FREDDIE MAC-VOTING
COMMON Common Stock 313400301000 3,398.06 76,900 n/a Yes None Yes No No
CALL FREDDIE MAC
JAN 035 AMEX Equity Option 3129219A9078 191.25 150 Call Yes None n/a No No
7
<PAGE>
CALL FREDDIE MAC
JAN 050 AMEX Equity Option 3129209A1108 33.00 40 Call Yes None n/a No No
CALL FREDDIE MAC
JAN 040 **** Equity Option 3129209A1088 260.00 200 Call Yes None n/a No No
CALL ENRON CORP
JAN 025 CBOE Equity Option 2939139A9058 810.00 160 Call Yes None n/a No No
CALL ENRON CORP
JAN 020 CBOE Equity Option 2939139A9048 4,088.50 740 Call Yes None n/a No No
CALL ENRON CORP
JAN 30 Equity Option 2935612AF 241.25 50 Call Yes None n/a No No
ENRON CORP Common Stock 293561106000 314.48 4,200 n/a Yes None Yes No No
CALL AMER ONLINE
JAN 040 **** Equity Option 27499W9A0088 4,960.00 1,600 Call Yes None n/a No No
CALL AMER ONLINE
JAN 42.50 Equity Option 27499W1AV 585.00 200 Call Yes None n/a No No
CALL EMC CORP
JAN 050 CBOE Equity Option 2689259A4108 1,828.75 220 Call Yes None n/a No No
WALT DISNEY CO
HOLDING CO Common Stock 254687106000 24.83 600 n/a Yes None Yes No No
CALL M.S.D.W.&CO
JAN 040 **** Equity Option 2419379A1088 248.19 55 Call Yes None n/a No No
DANIELSON HOLDING
CORP Common Stock 236274106000 263.90 41,396 n/a Yes None Yes No No
CALL COMPAQ COMP
JAN 015 PSE Equity Option 20449V9A8038 737.50 2,100 Call Yes None n/a No No
CALL COMPAQ COMP
JAN 015 PSE Equity Option 2044979A1038 1,575.00 1,200 Call Yes None n/a No No
CALL COMPAQ COMPUTER
JAN 15 Equity Option 2044932AC 103.25 70 Call Yes None n/a No No
CALL COMPAQ COMP
JAN 015 PSE Equity Option 2044931AC 530.00 400 Call Yes None n/a No No
COMPAQ COMPUTER CORP Common Stock 204493100000 85.20 3,200 n/a Yes None Yes No No
CALL CG
JAN/01 050.0000 Equity Option 1976481AJ 211.88 150 Call Yes None n/a No No
CALL CITIGROUP IN
JAN 030 **** Equity Option 1729689A9068 172.90 52 Call Yes None n/a No No
CALL CITIGROUP INC
JAN 40 Equity Option 1729672AH 128.13 50 Call Yes None n/a No No
CITIGROUP INC Common Stock 172967101000 5,161.14 86,750 n/a Yes None Yes No No
CALL CITIGROUP
JAN 090 **** Equity Option 1729309A9188 4,080.00 300 Call Yes None n/a No No
CALL CITIGROUP
JAN 110 **** Equity Option 1729309A9028 1,162.50 100 Call Yes None n/a No No
CALL CITIGROUP
JAN 100 **** Equity Option 1729301AT 1,575.00 125 Call Yes None n/a No No
CALL CITIGROUP
JAN 110 **** Equity Option 1729301AB 1,751.25 150 Call Yes None n/a No No
CALL CISCO SYSTEM
JAN 030 Equity Option 17275V2AF 7,043.30 1,348 Call Yes None n/a No No
CISCO SYSTEMS INC Common Stock 17275R102000 39,012.14 504,600 n/a Yes None Yes No No
8
<PAGE>
CALL CHASE MNHATN
JAN 050 AMEX Equity Option 16161K9A6108 234.44 55 Call Yes None n/a No No
CALL CHASE MNHATN
JAN 040 AMEX Equity Option 16161J9A9088 4,268.00 880 Call Yes None n/a No No
CALL CHASE MNHATN
JAN 060 AMEX Equity Option 16161J1AL 627.50 200 Call Yes None n/a No No
CHASE MANHATTAN CORP
NEW Common Stock 16161A108000 104.63 1,200 n/a Yes None Yes No No
CHARTER COMMUNICATIONS
INC DEL Common Stock 16117M107000 28.66 2,000 n/a Yes None Yes No No
CENDANT CORP-INCOME
PRIDES Common Stock 151313301000 57.38 2,000 n/a Yes None Yes No No
CENDANT CORP Common Stock 151313103000 392.20 21,200 n/a Yes None Yes No No
CALL CENDANT CORP
JAN 015 **** Equity Option 1509479A9038 60.00 100 Call Yes None n/a No No
CALL CENDANT CORP
JAN 010 **** Equity Option 1509479A9028 285.00 300 Call Yes None n/a No No
CAMDEN CNTY N J
PLLTN CTL FING Bond 132814AV6060 14.17 15,000 n/a Yes None n/a No No
CVS CORP Common Stock 126650100000 52.59 1,400 n/a Yes None Yes No No
CALL CBS CORP
JAN 045 AMEX Equity Option 12490N2AI 106.88 50 Call Yes None n/a No No
CBS CORP Common Stock 12490K107000 56.63 1,000 n/a Yes None Yes No No
CALL AMER INTL GP
JAN 056 CBOE Equity Option 0G599W9A1 628.60 112 Call Yes None n/a No No
BIOSHIELD TECHNOLOGIES
INC Common Stock 09068A107000 78.38 3,000 n/a Yes None Yes No No
CALL AMER ONLINE
JAN 045 **** Equity Option 08999W9A5098 3,575.00 1,100 Call Yes None n/a No No
CALL AMGEN INC
JAN 040 AMEX Equity Option 03116U9A8088 632.50 200 Call Yes None n/a No No
CALL AMGEN INC
JAN 025 AMEX Equity Option 03116U9A8058 2,624.00 640 Call Yes None n/a No No
CALL AMGEN INC
JAN 015 AMEX Equity Option 0311639A8038 930.00 200 Call Yes None n/a No No
CALL AMER INTL GP
JAN 080 CBOE Equity Option 0269249A0168 552.50 130 Call Yes None n/a No No
CALL AMERICAN INTL
JAN 80 Equity Option 0268742AP 127.50 30 Call Yes None n/a No No
CALL AMERICAN EXP
JAN 080 **** Equity Option 02581G9A7168 1,600.00 200 Call Yes None n/a No No
CALL AMER ONLINE
JAN 070 **** Equity Option 02364K9A1148 422.50 200 Call Yes None n/a No No
CALL AMER ONLINE
JAN 060 **** Equity Option 02364K9A1128 404.00 160 Call Yes None n/a No No
CALL AMER ONLINE
JAN 050 **** Equity Option 02364K9A1108 1,590.00 530 Call Yes None n/a No No
CALL AMERICA ONLINE
JAN 40 Equity Option 02364J2AH 3,562.50 1,000 Call Yes None n/a No No
9
<PAGE>
AMERICA ONLINE
INC-DEL Common Stock 02364J104000 1,008.75 15,000 n/a Yes None Yes No No
CALL ABBOTT LABS
JAN 025 PBW Equity Option 0028289A1058 687.50 500 Call Yes None n/a No No
RESERVE FUND PRIMARY Common Stock 229.39 229,387 n/a Yes None Yes No No
BANK OF AMER CORP Common Stock 60505104000 62.24 1,187 n/a Yes None Yes No No
AT HOME CORP-SER A Common Stock 45919107000 312.91 9,500 n/a Yes None Yes No No
AMGEN INC Common Stock 31162100000 11,452.58 186,600 n/a Yes None Yes No No
AMERICAN INTERNATIONAL
GROUP Common Stock 26874107000 4,147.31 37,875 n/a Yes None Yes No No
AMERICAN EXPRESS
COMPANY Common Stock 25816109000 163.83 1,100 n/a Yes None Yes No No
ALTRIS SOFTWARE INC Common Stock 22091102000 1.69 1,000 n/a Yes None Yes No No
AT&T CORP LIBERTY
MEDIA GROUP Common Stock 1957208000 106.65 1,800 n/a Yes None Yes No No
FEDERAL NATIONAL
MORTGAGE ASSN Common Stock 313586109 1,131.25 20,000 n/a Yes None Yes No No
FEDERAL HOME LOAN
MORTGAGE Common Stock 313400301 1,767.50 40,000 n/a Yes None Yes No No
AUSTRALIA & N Z BKG
GROUP Common Stock 52528403000 10 400 n/a Yes None Yes No No
CALL SUN MICRO
JAN 030 PSE Equity Option 86681D9A6068 2,755 400 Call Yes None n/a No No
</TABLE> 201,893,300
02745002.AA1
10
