UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington DC 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: [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: PENN DAVIS MCFARLAND, INC.
Address: 2626 COLE AVE.
SUITE 504
DALLAS, TEXAS 75204
Form 13F File Number: 28-05623
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: JOHN S. MCFARLAND
Title: PRESIDENT
Phone: 214-871-2772
Signature, Place, and Date of Signing:
JOHN S. MCFARLAND DALLAS, TEXAS 4/17/00
- ------------------------------ -------------------- --------
Signature City, State Date
Report Type:
[X] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 47
Form 13F Information Table Value Total: $270,129
List of Other Included Managers:
NONE
<PAGE>
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------------------------- -------- --------- -------- ---------------------- -------- ------------ --------------------------
TITLE CUSIP VALUE SHARES / SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS NUMBER (x$1000) PRINCIPAL AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- -------------------------------- -------- --------- -------- ------------- --- ---- -------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AMERICAN INTERNATIONAL GROUP COMMON 026874107 8935 81594 SH SOLE 81594
AMGEN INC. COMMON 031162100 10351 168656 SH SOLE 168656
APOLLO GROUP INC. "A" COMMON 037604105 5926 210231 SH SOLE 210231
ATLANTIC RICHFIELD COMMON 04882510 366 4300 SH SOLE 4300
BP AMOCO PLC SPONSORED ADR COMMON 055622104 4102 77032 SH SOLE 77032
BRISTOL MYERS COMMON 110122108 4894 84380 SH SOLE 84380
CHASE MANHATTAN COMMON 16161A108 213 2440 SH SOLE 2440
CISCO SYSTEMS COMMON 17275R102 408 5272 SH SOLE 5272
CONEXANT SYSTEMS COMMON 207142100 540 7600 SH SOLE 7600
DALLAS SEMICONDUCTOR COMMON 23520410 2992 81962 SH SOLE 81962
DELL COMPUTER COMMON 247025109 380 7050 SH SOLE 7050
DORCHESTER HUGOTON COMMON 258205202 2052 205150 SH SOLE 205150
ECHOSTAR COMMUNICATIONS CORP COMMON 278762109 13272 168000 SH SOLE 168000
EL PASO ENERGY PARTNERS COMMON 28368B102 8139 420085 SH SOLE 420085
ELECTRONIC ARTS INC. COMMON 285512109 548 7700 SH SOLE 7700
ELECTRONIC DATA SYSTEMS COMMON 285661104 9059 141140 SH SOLE 141140
EMPIRE DISTRICT COMMON 291641108 2744 139800 SH SOLE 139800
EXXON MOBIL CORP COMMON 30231G102 454 5831 SH SOLE 5831
GENERAL ELECTRIC CO. COMMON 369604103 732 4705 SH SOLE 4705
HOME DEPOT INC. COMMON 437076102 252 4221 SH SOLE 4221
ITT EDUCATIONAL SERVICES COMMON 45068B109 4350 271900 SH SOLE 271900
INTEL CORP COMMON 45814010 390 2958 SH SOLE 2958
IBM CORPORATION COMMON 45920010 12588 106682 SH SOLE 106682
INTERNATIONAL HOME FOODS INC COMMON 459655106 5520 345000 SH SOLE 345000
JOHNSON & JOHNSON COMMON 47816010 943 13428 SH SOLE 13428
KIMBERLY CLARK COMMON 494368103 336 6000 SH SOLE 6000
MERCK & COMPANY COMMON 589331107 3241 52170 SH SOLE 52170
MICROSOFT CORP COMMON 594918104 858 8075 SH SOLE 8075
MORGAN STANLEY-DEAN WITTER COMMON 617446448 215 2600 SH SOLE 2600
NETSOLVE INC. COMMON 64115J106 586 18172 SH SOLE 18172
NOBLE AFFILIATES COMMON 654894104 9701 295650 SH SOLE 295650
NOKIA CORP. SPONSORED ADR COMMON 654902204 444 2000 SH SOLE 2000
PEROT SYSTEMS COMMON 714265105 200 10000 SH SOLE 10000
PHILIP MORRIS CO. COMMON 718154107 2269 107407 SH SOLE 107407
PROCTOR & GAMBLE COMMON 742718109 205 3635 SH SOLE 3635
QUALCOMM, INC. COMMON 747525103 98931 662580 SH SOLE 662580
ROCKWELL INT'L CORP COMMON 773903109 585 14000 SH SOLE 14000
ROYAL DUTCH PETROLEUM COMMON 780257804 2774 47990 SH SOLE 47990
SBC COMMUNICATIONS COMMON 78387G103 232 5497 SH SOLE 5497
SCHERING-PLOUGH COMMON 806605101 308 8305 SH SOLE 8305
SENSORMATIC ELECTRONICS COMMON 817265101 11701 521500 SH SOLE 521500
SUNRISE ASSISTED LIVING COMMON 86768K106 9157 691100 SH SOLE 691100
TEXAS INSTRUMENTS COMMON 88250810 714 4461 SH SOLE 4461
TRAVELERS PROPERTY COMMON 893939108 12775 309700 SH SOLE 309700
UTILICORP UNITED COMMON 918005109 1601 88625 SH SOLE 88625
VODAFONE AIRTOUCH ADS COMMON 92857T107 7374 132719 SH SOLE 132719
WAL-MART STORES COMMON 93114210 5772 102160 SH SOLE 102160
</TABLE>
