[TEXT] UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar 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: McCullough, Andrews & Cappiello, Inc.
Address: 101 California Street
San Francisco, CA 94111
Form 13F File Number: 28-1101
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: Robert F. McCullough
Title: Chairman
Phone: 415-956-8700
Signature, Place, and Date of Signing:
/s/ Robert F. McCullough San Francisco, CA 11/12/99
[Signature] [City, State] [Date]
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 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).)
List of Other Managers Reporting for this Manager: NONE
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 182
Form 13F Information Table Value Total: $ 347,833
(thousands)
List of Other Included Managers: NONE
<PAGE>
<TABLE> <C> <C>
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
AT&T CORP COMMON 001957109 9729 223650 SH SOLE 224400 0 0
ABLE TELCOM HLDG CORP COM NEW 003712304 137 15000 SH SOLE 15000 0 0
ACTRADE INTL LTD COMMON 004931101 147 11000 SH SOLE 11000 0 0
AEROFLEX INC COMMON 007768104 427 35000 SH SOLE 35000 0 0
AEGON N V ORD AMER REG 007924103 221 2557 SH SOLE 2557 0 0
ALARIS MED INC COMMON 011637105 151 50200 SH SOLE 50200 0 0
ALBERTSONS INC COMMON 013104104 253 6400 SH SOLE 6400 0 0
ALLEGHENY ENERGY INC COMMON 017361106 357 11200 SH SOLE 11200 0 0
ALLIANT CORP COMMON 018802108 360 13000 SH SOLE 13000 0 0
ALLIEDSIGNAL INC COMMON 019512102 480 8000 SH SOLE 8000 0 0
ALLTEL CORP COMMON 020039103 936 13300 SH SOLE 13300 0 0
AMERICAN EXPRESS CO COMMON 025816109 13487 99900 SH SOLE 99900 0 0
AMERICAN RETIREMENT CORP SDCV 5.750 10/0 028913AA9 788 1100000 PRN SOLE 1100000 0 0
AMGEN INC COMMON 031162100 318 3900 SH SOLE 3900 0 0
APPLIX INC COMMON 038316105 140 12000 SH SOLE 12000 0 0
ASHANTI GOLDFIELDS LTD DEPOSITORY RECEI 043743202 95 12000 SH SOLE 12000 0 0
ASSOCIATES FIRST CAP COR CL A 046008108 4454 123710 SH SOLE 123710 0 0
AVIGEN INC COMMON 053690103 216 18000 SH SOLE 18000 0 0
AVISTA CORP RECONS L 1/10S 05379B503 709 40500 SH SOLE 40500 0 0
BJS WHOLESALE CLUB INC COMMON 05548J106 1064 36000 SH SOLE 36000 0 0
BP AMOCO P L C DEPOSITORY RECEI 055622104 1682 15177 SH SOLE 15177 0 0
BANK OF AMERICA CORP COMMON 060505104 835 14989 SH SOLE 14989 0 0
BATTLE MTN GOLD CO COMMON 071593107 112 35000 SH SOLE 35000 0 0
BELL ATLANTIC CORP COMMON 077853109 727 10800 SH SOLE 10800 0 0
BERKSHIRE HATHAWAY DEL CL A 084670108 275 5 SH SOLE 5 0 0
BESTFOODS COMMON 08658U101 4973 102404 SH SOLE 102404 0 0
BLOCK H & R INC COMMON 093671105 334 7700 SH SOLE 7700 0 0
BOISE CASCADE CORP COMMON 097383103 3618 99300 SH SOLE 99300 0 0
BOLT TECHNOLOGY CORP COMMON 097698104 705 124000 SH SOLE 124000 0 0
BRAUNS FASHIONS CORP COMMON 105658108 928 51000 SH SOLE 51000 0 0
BRISTOL MYERS SQUIBB CO COMMON 110122108 1150 17030 SH SOLE 17030 0 0
CMS ENERGY CORP COMMON 125896100 458 13500 SH SOLE 13500 0 0
CPS SYS INC COMMON 126162106 28 89000 SH SOLE 89000 0 0
CAMBIOR INC COMMON 13201L103 56 16000 SH SOLE 16000 0 0
CAPITAL RE CORP COMMON 140432105 130 13000 SH SOLE 13000 0 0
CAPSTEAD MTG CORP COMMON 14067E100 79 20000 SH SOLE 20000 0 0
CARRIZO OIL & CO INC COMMON 144577103 39 20000 SH SOLE 20000 0 0
CATAPULT COMMUNICATIONS COMMON 149016107 186 12000 SH SOLE 12000 0 0
CHASE MANHATTAN CORP NEW COMMON 16161A108 10603 140665 SH SOLE 140665 0 0
CITIGROUP INC COMMON 172967101 594 13500 SH SOLE 13500 0 0
COCA COLA CO COMMON 191216100 704 14600 SH SOLE 14600 0 0
COMPAQ COMPUTER CORP COMMON 204493100 405 17724 SH SOLE 17724 0 0
COMSAT CORP COM SER 1 20564D107 976 32933 SH SOLE 33533 0 0
CONSOLIDATED NAT GAS CO COMMON 209615103 331 5300 SH SOLE 5300 0 0
CONSTELLATION ENERGY COR COMMON 210371100 387 13750 SH SOLE 13750 0 0
CRAFTMADE INTL INC COMMON 22413E104 81 11600 SH SOLE 11600 0 0
CROWN AMERN RLTY TR SH BEN INT 228186102 1002 155600 SH SOLE 155600 0 0
CROWN RES CORP COMMON 228569109 60 20000 SH SOLE 20000 0 0
DEAN FOODS CO COMMON 242361103 11069 254100 SH SOLE 254100 0 0
DISNEY WALT COMPANY COMMON 254687106 820 31525 SH SOLE 31525 0 0
DOLLAR GEN CORP COMMON 256669102 695 22500 SH SOLE 22500 0 0
DOMINION RES BLACK WARRI UNITS BEN INT 25746Q108 658 45000 SH SOLE 45000 0 0
DOT HILL SYS CORP COMMON 25848T109 99 15000 SH SOLE 15000 0 0
DUKE ENERGY CORP COMMON 264399106 9463 171664 SH SOLE 171664 0 0
E4L INC COMMON 268452109 3397 890952 SH SOLE 890952 0 0
EDISON INTL COMMON 281020107 377 15500 SH SOLE 15500 0 0
ELAN PLC DEPOSITORY RECEI 284131208 269 8000 SH SOLE 8000 0 0
ELECTRONICS BOUTIQUE HLD COMMON 286045109 258 10000 SH SOLE 10000 0 0
EMERSON ELEC CO COMMON 291011104 7383 116844 SH SOLE 116844 0 0
ENRON CORP COMMON 293561106 10644 259224 SH SOLE 259224 0 0
ENTRADE INC COMMON 29382L100 164 10000 SH SOLE 10000 0 0
EXXON CORP COMMON 302290101 7789 102491 SH SOLE 102491 0 0
FEDERATED DEPT STORES IN COMMON 31410H101 520 11900 SH SOLE 11900 0 0
FEDERATED DEPT STORES IN *W EXP 12/19/199 31410H101 2272 52000 SOLE 52000 0 0
FIRST DATA CORP COMMON 319963104 2435 55500 SH SOLE 55500 0 0
FLEET BOSTON CORP COMMON 33901A108 531 14500 SH SOLE 14500 0 0
FORD MTR CO DEL COMMON 345370100 9811 195247 SH SOLE 195247 0 0
FRANKLIN RES INC COMMON 354613101 16820 550362 SH SOLE 551562 0 0
FUNCO INC COMMON 360762108 189 10000 SH SOLE 10000 0 0
GTE CORP COMMON 362320103 1076 14000 SH SOLE 14000 0 0
GANTOS INC NEW COM NEW 36473U204 55 40334 SH SOLE 40334 0 0
GENERAL ELEC CO COMMON 369604103 1423 12000 SH SOLE 12600 0 0
GENERAL MTRS CORP CL H CL H NEW 370442832 6967 121700 SH SOLE 121700 0 0
GENESIS MICROCHIP INC COMMON 371933102 177 10000 SH SOLE 10000 0 0
GOLDEN STATE BANCORP COMMON 381197102 1830 102000 SH SOLE 102000 0 0
GREENERY REHABILITATION SD CV 8.750 4/0 394797AB0 630 840000 PRN SOLE 840000 0 0
GREY WOLF INC COMMON 397888108 237 79000 SH SOLE 79000 0 0
HALLIBURTON CO COMMON 406216101 504 12300 SH SOLE 12300 0 0
HIBERNIA CORP CL A 428656102 4068 349900 SH SOLE 349900 0 0
HOMESTAKE MNG CO COMMON 437614100 138 15000 SH SOLE 15000 0 0
HOUGHTON MIFFLIN CO COMMON 441560109 687 16900 SH SOLE 16900 0 0
IDACORP INC COMMON 451107106 5513 183000 SH SOLE 183000 0 0
INFOCURE CORP COMMON 45665A108 227 12000 SH SOLE 12000 0 0
INTERNATIONAL BUSINESS M COMMON 459200101 7042 58200 SH SOLE 58200 0 0
INTERVOICE-BRITE INC COMMON 461142101 199 18000 SH SOLE 18000 0 0
JOHNSON & JOHNSON COMMON 478160104 1544 16804 SH SOLE 16804 0 0
K V PHARMACEUTICAL CO-B CL B CONV 482740107 240 13000 SH SOLE 13000 0 0
K V PHARMACEUTICAL CO-A CL A 482740206 2906 155500 SH SOLE 155500 0 0
KEYSPAN CORP COMMON 49337W100 384 13400 SH SOLE 13400 0 0
KINROSS GOLD CORP COMMON 496902107 92 32016 SH SOLE 32016 0 0
KMART FING I PFD TRCV 7.75% 498778208 286 6000 SH SOLE 6000 0 0
KROGER CO COMMON 501044101 265 12000 SH SOLE 12000 0 0
LABOR READY INC COM NEW 505401208 141 14000 SH SOLE 14000 0 0
LONGVIEW FIBRE CO COMMON 543213102 3007 241789 SH SOLE 241789 0 0
LUCENT TECHNOLOGIES INC COMMON 549463107 1022 15751 SH SOLE 15751 0 0
MADDEN STEVEN LTD COMMON 556269108 543 42000 SH SOLE 42000 0 0
MARSH & MCLENNAN COS INC COMMON 571748102 9615 140359 SH SOLE 140359 0 0
MASCO CORP COMMON 574599106 7970 257086 SH SOLE 257086 0 0
MCDONALDS CORP COMMON 580135101 610 14100 SH SOLE 14100 0 0
MERCK & CO INC COMMON 589331107 1824 28140 SH SOLE 28140 0 0
MIAMI COMPUTER SUPPLY CO COMMON 593261100 179 10000 SH SOLE 10000 0 0
MICROSOFT CORP COMMON 594918104 525 5800 SH SOLE 5800 0 0
MOBIL CORP COMMON 607059102 2326 23082 SH SOLE 23082 0 0
MODIS PROFESSIONAL SVCS COMMON 607830106 133 10000 SH SOLE 10000 0 0
NATIONAL DATA CORP COMMON 635621105 684 26300 SH SOLE 26300 0 0
NAVIGANT CONSULTING INC COMMON 63935N107 6029 130000 SH SOLE 130000 0 0
NEW CENTURY ENERGIES INC COMMON 64352U103 318 9500 SH SOLE 9500 0 0
NEW ENGLAND ELEC SYS COMMON 644001109 648 12500 SH SOLE 12900 0 0
NEWELL RUBBERMAID INC COMMON 651229106 406 14200 SH SOLE 14200 0 0
NOBLE DRILLING CORP COMMON 655042109 998 45600 SH SOLE 45600 0 0
OFFICE DEPOT INC COMMON 676220106 266 25300 SH SOLE 25300 0 0
PIMCO ADVISORS HLDGS L P UT LTD PART INT 69338P102 939 29800 SH SOLE 29800 0 0
PAUL HARRIS STORES INC COM NEW 703555201 1132 287500 SH SOLE 287500 0 0
PENNEY J C INC COMMON 708160106 7794 225900 SH SOLE 225900 0 0
PEPSICO INC COMMON 713448108 4587 150400 SH SOLE 150400 0 0
PHARMACYCLICS INC COMMON 716933106 307 7500 SH SOLE 7500 0 0
PFIZER INC COMMON 717081103 533 14865 SH SOLE 14865 0 0
PHILIP MORRIS COS COMMON 718154107 1733 50692 SH SOLE 50692 0 0
PHILLIPS PETE CO COMMON 718507106 5933 121700 SH SOLE 121700 0 0
PIER 1 IMPORTS INC COMMON 720279108 623 95000 SH SOLE 95000 0 0
POLYMEDICA CORP COMMON 731738100 1081 46500 SH SOLE 46500 0 0
POTOMAC ELEC PWR CO COMMON 737679100 674 26500 SH SOLE 26500 0 0
PREMIERE TECHNOLOGIES IN COMMON 74058F102 59 10000 SH SOLE 10000 0 0
QUESTAR CORP COMMON 748356102 241 13300 SH SOLE 13300 0 0
RAYTHEON CO CL B 755111408 298 6000 SH SOLE 6000 0 0
RELIANT ENERGY INC COMMON 75952J108 264 9750 SH SOLE 10950 0 0
REMEC INC COMMON 759543101 282 20500 SH SOLE 20500 0 0
REPTRON ELECTRONICS INC SDCV 6.750 08/0 76026WAA7 626 1215000 PRN SOLE 1215000 0 0
ROYAL DUTCH PETE CO DEPOSITORY RECEI 780257804 284 4800 SH SOLE 4800 0 0
SBC COMMUNICATIONS INC COMMON 78387G103 8342 163372 SH SOLE 163372 0 0
SA TELECOMMUNICATIONS IN NOTE 10.000 8/1 783942AA3 70 880000 PRN SOLE 880000 0 0
SLM HLDG CORP COMMON 78442A109 1613 37500 SH SOLE 37500 0 0
SOS STAFFING SVCS INC COMMON 78462X104 256 44000 SH SOLE 44000 0 0
SARA LEE CORP COMMON 803111103 5792 247800 SH SOLE 247800 0 0
SCHLUMBERGER LTD COMMON 806857108 5060 81200 SH SOLE 81200 0 0
SCHWAB CHARLES CORP NEW COMMON 808513105 602 18000 SH SOLE 18000 0 0
SCORE BRD INC COM NEW 809173206 2 123750 SH SOLE 123750 0 0
SERVICE MERCHANDISE INC COMMON 817587108 291 932200 SH SOLE 932200 0 0
SHARED MED SYS CORP COMMON 819486101 11875 254000 SH SOLE 254000 0 0
SHERWIN WILLIAMS CO COMMON 824348106 3936 188000 SH SOLE 188000 0 0
SOUTHERN CO COMMON 842587107 5400 209700 SH SOLE 209700 0 0
SPRINT CORP CV DECS EXCH 200 852061407 2596 33500 SH SOLE 33500 0 0
STILLWATER MNG CO COMMON 86074Q102 215 8000 SH SOLE 8000 0 0
STONE ENERGY CORP COMMON 861642106 1785 35000 SH SOLE 35000 0 0
SUN MICROSYSTEMS INC COMMON 866810104 372 4000 SH SOLE 4000 0 0
SUNGARD DATA SYS INC COMMON 867363103 263 10000 SH SOLE 10000 0 0
SUPERIOR ENERGY SVCS INC COMMON 868157108 88 14000 SH SOLE 14000 0 0
SUPERVALU INC COMMON 868536103 3676 166600 SH SOLE 166600 0 0
TNP ENTERPRISES INC COMMON 872594106 370 9500 SH SOLE 9500 0 0
TVX GOLD INC COMMON 87308K101 28 20000 SH SOLE 20000 0 0
TEXAS UTILS CO COMMON 882848104 216 5800 SH SOLE 5800 0 0
TOPPS INC COMMON 890786106 120 16000 SH SOLE 16000 0 0
US BANCORP DEL COMMON 902973106 578 19132 SH SOLE 19132 0 0
UNICOM CORP COMMON 904911104 277 7500 SH SOLE 7500 0 0
UNION PAC RES GROUP INC COMMON 907834105 2514 154693 SH SOLE 154693 0 0
UNITED HEALTHCARE CORP COMMON 910581107 925 19000 SH SOLE 19000 0 0
UNITED SHIPPING & TECHNO COMMON 911498103 316 55000 SH SOLE 55000 0 0
VALERO ENERGY CORP NEW COMMON 91913Y100 301 15642 SH SOLE 15642 0 0
VARCO INTL INC COMMON 922126107 1207 99000 SH SOLE 99000 0 0
VARIAN INC COMMON 922206107 2027 114200 SH SOLE 114200 0 0
VARIAN SEMICONDUCTOR EQU COMMON 922207105 3329 158043 SH SOLE 158043 0 0
VARIAN MED SYS INC COMMON 92220P105 4139 189200 SH SOLE 189200 0 0
VODAFONE AIRTOUCH PLC DEPOSITORY RECEI 92857T107 1020 4290 SH SOLE 4290 0 0
WALGREEN CO COMMON 931422109 8673 341800 SH SOLE 341800 0 0
WASHINGTON FED INC COMMON 938824109 203 8765 SH SOLE 8765 0 0
WASHINGTON GAS LT CO COMMON 938837101 353 13000 SH SOLE 13000 0 0
WELLPOINT HEALTH NETWORK COMMON 94973H108 428 7500 SH SOLE 7500 0 0
WELLS FARGO & CO NEW COMMON 949746101 221 5574 SH SOLE 5574 0 0
WEYERHAEUSER CO COMMON 962166104 1055 18300 SH SOLE 18300 0 0
WILLAMETTE INDS INC COMMON 969133107 388 9000 SH SOLE 9000 0 0
WORKFLOW MGMT INC COMMON 98137N109 143 11000 SH SOLE 11000 0 0
WORLD ACCESS INC COMMON 98141A101 117 10500 SH SOLE 10500 0 0
WORLD ACCESS 144A CVT 4.5% 10/1/02 98141AAA9 845 1300000 PRN SOLE 1300000 0 0
WORLDWIDE WEB NETWORX CO COMMON 981604101 111 30000 SH SOLE 30000 0 0
WORLDCORP INC COMMON 981904105 2 86300 SH SOLE 86300 0 0
WORLDCORP INC SDCV 7.000 5/1 981904AB1 130 930000 PRN SOLE 930000 0 0
ZONAGEN INC COMMON 98975L108 41 14000 SH SOLE 14000 0 0
ZOMAX INC MINN COMMON 989929104 906 35000 SH SOLE 35000 0 0
ARAMEX INTL LTD ORD G04450105 194 23500 SH SOLE 23500 0 0
GLOBAL CROSSING LTD COMMON G3921A100 11425 431115 SH SOLE 431115 0 0
HELEN OF TROY CORP LTD COMMON G4388N106 154 16000 SH SOLE 16000 0 0
GILAT COMMUNICATIONS LTD ORD M50876107 144 10000 SH SOLE 10000 0 0
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