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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 6/30/99
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: LUTHER KING CAPITAL MANAGEMENT
Address: 301 Commerce Street
Suite 1600
Fort Worth, TX 76102
13F File Number: 28-1071
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: Barbara Garcia
Title: Treasurer
Phone: 817-332-3238
Signature, Place, and Date of Signing:
/s/ BARBARA GARCIA Fort Worth, TX 8/10/99
- ------------------------------------- ----------------------- --------------
[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).)
<PAGE> 2
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: None
----------
Form 13F Information Table Entry Total: 361
----------
Form 13F Information Table Value Total: $4,472,409
----------
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
NONE
<PAGE> 3
FORM 13F
REPORTING MANAGER; LUTHER KING CAPITAL MGMT
06/30/99
Page 1
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- ---------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- ---------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AMR CORPORATION COMMON 1765106 423 6200 SH SOLE 0 6200 0
AMERICAN TEL & TELEG CO COMMON 1957109 677 12124 SH SOLE 0 12124 0
ABBOTT LABORATORIES COMMON 2824100 3151 69440 SH SOLE 0 69440 0
ACE CASH EXPRESS INC COMMON 4403101 523 37000 SH SOLE 0 37000 0
ADAPTEC INC COMMON 00651F108 5827 165000 SH SOLE 0 165000 0
AIRTOUCH COMMUNICATNS COMMON 00949T100 7133 66356 SH SOLE 0 66356 0
ALLIEDSIGNAL INC COMMON 19512102 378 6007 SH SOLE 0 6007 0
ALLIED WASTE INDS INC COM PAR$.01NEW 19589308 12257 620600 SH SOLE 0 620600 0
ALLSTATE CORP COMMON 20002101 6626 184700 SH SOLE 0 184700 0
ALLTEL CORPORATION COMMON 20039103 118940 1663496 SH SOLE 0 1663496 0
AMERICAN EXPRESS CO COMMON 25816109 505 3881 SH SOLE 0 3881 0
AMERICAN GENERAL CORP COMMON 26351106 61727 818932 SH SOLE 0 818932 0
AMERICAN HERITAGE LIFE I COMMON 26522102 3014 123000 SH SOLE 0 123000 0
AMERICAN HOME PRODS CORP COMMON 26609107 35338 615915 SH SOLE 0 615915 0
AMERICAN INTL GROUP INC COMMON 26874107 15490 132112 SH SOLE 0 132112 0
AMERICREDIT CORP COMMON 03060R101 800 50000 SH SOLE 0 50000 0
AMERUS LIFE HLDGS INC COMMON 30732101 4151 153723 SH SOLE 0 153723 0
ANADARKO PETROLEUM CORP COMMON 32511107 5135 139500 SH SOLE 0 139500 0
ANHEUSER BUSCH COS INC COMMON 35229103 255 3600 SH SOLE 0 3600 0
</TABLE>
<PAGE> 4
FORM 13F
REPORTING MANAGER; LUTHER KING CAPITAL MGMT
06/30/99
Page 2
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- ---------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- ---------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ANTEC CORP COMMON 03664P105 1283 40000 SH SOLE 0 40000 0
ARMANINO FOODS DISTINCTI COM NO PAR 99 42166702 571 220000 SH SOLE 0 220000 0
AT HOME CORP COM SER A 45919107 313 5800 SH SOLE 0 5800 0
ASSOCIATES FIRST CAP COR CL A 46008108 54985 1246128 SH SOLE 0 1246128 0
ASTORIA FINL CORP COMMON 46265104 2109 48000 SH SOLE 0 48000 0
ATLANTIC GULF COMMUNITIE COMMON 48556104 136 217662 SH SOLE 0 217662 0
ATLANTIC GULF COMMUNITIE *W EXP 6/23/200 48556104 23 36804 SOLE 0 36804 0
ATLANTIC GULF COMMUNITIE *W EXP 6/23/200 48556104 23 36804 SOLE 0 36804 0
ATLANTIC GULF COMMUNITIE *W EXP 6/23/200 48556104 23 36804 SOLE 0 36804 0
ATLANTIC GULF COMMUNITIE PFD B CV 20%NO 48556203 469 55206 SH SOLE 0 55206 0
ATLANTIC GULF COMM CORP CLASS B WARRANTS 48556104 15 23334 SOLE 0 23334 0
ATLANTIC GULF COMM CORP SERIES B CONV PF 48556922 298 35000 SH SOLE 0 35000 0
ATLANTIC GULF COMM CORP CLASS C WARRANTS 48556104 15 23332 SOLE 0 23332 0
ATLANTIC GULF COMM CORP CLASS A WARRANTS 48556104 15 23334 SOLE 0 23334 0
ATLANTIC RICHFIELD CO COMMON 48825103 19984 239148 SH SOLE 0 239148 0
AZTEC MANUFACTURING CO COMMON 54825104 1316 135000 SH SOLE 0 135000 0
BJ SVCS CO COMMON 55482103 530 18000 SH SOLE 0 18000 0
BP AMOCO P L C DEPOSITORY RECEI 55622104 44113 406575 SH SOLE 0 406575 0
BMC SOFTWARE INC COMMON 55921100 5546 102700 SH SOLE 0 102700 0
</TABLE>
<PAGE> 5
FORM 13F
REPORTING MANAGER; LUTHER KING CAPITAL MGMT
06/30/99
Page 3
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- ---------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- ---------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BAKER HUGHES INC COMMON 57224107 7754 231450 SH SOLE 0 231450 0
BANK OF AMERICA CORP COMMON 60505104 3932 53627 SH SOLE 0 53627 0
BANK ONE CORP COMMON 06423A103 295 4960 SH SOLE 0 4960 0
C R BARD INC COMMON 67383109 5905 123500 SH SOLE 0 123500 0
BASIN EXPL INC COMMON 70107107 702 35000 SH SOLE 0 35000 0
BAXTER INTERNATIONAL INC COMMON 71813109 615 10149 SH SOLE 0 10149 0
BELL & HOWELL CO NEW COMMON 77852101 1513 40000 SH SOLE 0 40000 0
BELO A H CORP DEL COM SER A 80555105 55673 2827842 SH SOLE 0 2827842 0
BERKSHIRE HATHAWAY INC D CL A 84670108 896 13 SH SOLE 0 13 0
H & R BLOCK INC COMMON 93671105 17576 351525 SH SOLE 0 351525 0
BLOUNT INTL INC CL A 95177101 17184 632050 SH SOLE 0 632050 0
BOEING COMPANY COMMON 97023105 614 13950 SH SOLE 0 13950 0
BOISE CASCADE CORP COMMON 97383103 980 22850 SH SOLE 0 22850 0
BOISE CASCADE OFFICE PRO COMMON 97403109 3560 303000 SH SOLE 0 303000 0
BORDERS GROUP INC COMMON 99709107 987 62437 SH SOLE 0 62437 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 1912 96500 SH SOLE 0 96500 0
BRINKER INTERNATL INC COMMON 109641100 361 13122 SH SOLE 0 13122 0
BRISTOL-MYERS SQUIBB CO COMMON 110122108 4128 58600 SH SOLE 0 58600 0
BROWN FORMAN CORP CL B 115637209 461 7074 SH SOLE 0 7074 0
</TABLE>
<PAGE> 6
FORM 13F
REPORTING MANAGER; LUTHER KING CAPITAL MGMT
06/30/99
Page 4
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- ---------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- ---------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
TOM BROWN INC COM NEW 115660201 3548 228000 SH SOLE 0 228000 0
BROWNING FERRIS INDS COMMON 115885105 27527 640160 SH SOLE 0 640160 0
BURLINGTON RESOURCES INC COMMON 122014103 5883 136013 SH SOLE 0 136013 0
CBS CORP COMMON 12490K107 34861 800247 SH SOLE 0 800247 0
CFSB BANCORP COMMON 124927104 737 29915 SH SOLE 0 29915 0
CDW COMPUTER CTRS INC COMMON 125129106 1509 34300 SH SOLE 0 34300 0
CE FRANKLIN LTD COMMON 125151100 50 18000 SH SOLE 0 18000 0
CIT GROUP INC CL A 125577106 41932 1452175 SH SOLE 0 1452175 0
CNA SURETY CORP COMMON 12612L108 4548 297000 SH SOLE 0 297000 0
MELVILLE CORPORATION COMMON 126650100 203 4000 SH SOLE 0 4000 0
CABOT OIL & GAS CORP CL A 127097103 5582 299700 SH SOLE 0 299700 0
CAL DIVE INTL INC COMMON 127914109 448 15000 SH SOLE 0 15000 0
CAPITAL ONE FINANCIAL COMMON 14040H105 2713 48725 SH SOLE 0 48725 0
CAPROCK COMMUNICATIONS C COMMON 140667106 2511 62000 SH SOLE 0 62000 0
CARBO CERAMICS INC COMMON 140781105 2131 70000 SH SOLE 0 70000 0
CARDINAL HEALTH INC COMMON 14149Y108 1598 24917 SH SOLE 0 24917 0
CAREER EDUCATION CORP COMMON 141665109 2451 72500 SH SOLE 0 72500 0
CARMIKE CINEMAS INC CL A 143436103 5207 326700 SH SOLE 0 326700 0
CASELLA WASTE SYS INC CL A 147448104 2977 114500 SH SOLE 0 114500 0
</TABLE>
<PAGE> 7
FORM 13F
REPORTING MANAGER; LUTHER KING CAPITAL MGMT
06/30/99
Page 5
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- ---------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- ---------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CENDANT CORP COMMON 151313103 14275 696325 SH SOLE 0 696325 0
CENTEX CORPORATION COMMON 152312104 8654 230400 SH SOLE 0 230400 0
CENTEX CONSTRUCTION PROD COMMON 15231R109 580 17000 SH SOLE 0 17000 0
CHANCELLOR MEDIA CORP COMMON 158915108 802 14544 SH SOLE 0 14544 0
CHART INDS INC COMMON 16115Q100 2048 260000 SH SOLE 0 260000 0
CHEVRON CORPORATION COMMON 166751107 1610 16932 SH SOLE 0 16932 0
CHIEFTAIN INTL INC COMMON 16867C101 1050 60000 SH SOLE 0 60000 0
CISCO SYS INC COMMON 17275R102 82750 1284186 SH SOLE 0 1284186 0
CITIGROUP INC COMMON 172967101 22486 473379 SH SOLE 0 473379 0
CLEAR CHANNEL COMM INC COMMON 184502102 926 13429 SH SOLE 0 13429 0
COCA-COLA COMPANY COMMON 191216100 14463 233272 SH SOLE 0 233272 0
COLGATE-PALMOLIVE CO COMMON 194162103 105746 1073561 SH SOLE 0 1073561 0
COMCAST CORPORATION CL K CL A SPL 200300200 346 9000 SH SOLE 0 9000 0
COMMERCIAL FEDERAL CORPO COMMON 201647104 296 12753 SH SOLE 0 12753 0
COMPASS BANCSHARES INC COMMON 20449H109 27623 1013690 SH SOLE 0 1013690 0
COOPER CAMERON CORP COMMON 216640102 1516 40900 SH SOLE 0 40900 0
COPART INC COMMON 217204106 2253 106000 SH SOLE 0 106000 0
CORNING INCORPORATED COMMON 219350105 82632 1178360 SH SOLE 0 1178360 0
COVENANT TRANS INC CL A 22284P105 1418 90000 SH SOLE 0 90000 0
</TABLE>
<PAGE> 8
FORM 13F
REPORTING MANAGER; LUTHER KING CAPITAL MGMT
06/30/99
Page 6
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- ---------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- ---------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CRESCENT REAL ESTATE EQU COMMON 225756105 35150 1479989 SH SOLE 0 1479989 0
CRESCENT OPER INC COMMON 22575M100 289 42456 SH SOLE 0 42456 0
CROSS TIMBERS OIL CO COMMON 227573102 2462 165540 SH SOLE 0 165540 0
CROWN CASTLE INTL CORP COMMON 228227104 9482 455600 SH SOLE 0 455600 0
CROWN PAC PARTNERS L P UNIT LTD PARTN 228439105 253 11250 SH SOLE 0 11250 0
CULLEN FROST BANKERS INC COMMON 229899109 32812 1190440 SH SOLE 0 1190440 0
DALLAS SEMICONDUCTOR COR COMMON 235204104 5024 99000 SH SOLE 0 99000 0
DAYTON HUDSON CORP COMMON 239753106 611 9400 SH SOLE 0 9400 0
DEERE & CO COMMON 244199105 6035 154000 SH SOLE 0 154000 0
DIAMOND OFFSHORE DRILLIN COMMON 25271C102 312 11000 SH SOLE 0 11000 0
DIEBOLD INCORPORATED COMMON 253651103 28401 987873 SH SOLE 0 987873 0
WALT DISNEY COMPANY COMMON 254687106 24822 805597 SH SOLE 0 805597 0
DONALDSON LUFKIN & JENRE COM DLJ 257661108 603 10000 SH SOLE 0 10000 0
DREW INDUSTRIES INC COM NEW 26168L205 1884 153000 SH SOLE 0 153000 0
DRIL-QUIP INC COMMON 262037104 2753 120000 SH SOLE 0 120000 0
DRYPERS CORP COM NEW 262497308 1516 545000 SH SOLE 0 545000 0
E I DU PONT DE NEMOURS COMMON 263534109 31166 456222 SH SOLE 0 456222 0
DUN & BRADSTREET CORP COMMON 26483B106 322 9100 SH SOLE 0 9100 0
ENSCO INTL INC COMMON 26874Q100 359 18000 SH SOLE 0 18000 0
</TABLE>
<PAGE> 9
FORM 13F
REPORTING MANAGER; LUTHER KING CAPITAL MGMT
06/30/99
Page 7
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- ---------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- ---------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
EDGE PETE CORP DEL COMMON 279862106 140 22000 SH SOLE 0 22000 0
EL PASO ENERGY CORP DEL COMMON 283905107 528 15000 SH SOLE 0 15000 0
EMERSON ELECTRIC CO COMMON 291011104 19616 311678 SH SOLE 0 311678 0
ENCAL ENERGY LTD COMMON 29250D107 7715 1575000 SH SOLE 0 1575000 0
ENRON CORP COMMON 293561106 945 11556 SH SOLE 0 11556 0
ENTRUST TECHNOLOGIES INC COMMON 293848107 998 30000 SH SOLE 0 30000 0
ERICSSON L M TEL CO DEPOSITORY RECEI 294821400 952 28900 SH SOLE 0 28900 0
EXTENDED STAY AMER INC COMMON 30224P101 120 10000 SH SOLE 0 10000 0
EXXON CORPORATION COMMON 302290101 221437 2871148 SH SOLE 0 2871148 0
FVNB CORP COMMON 302674106 1431 48500 SH SOLE 0 48500 0
FAMILY DLR STORES INC COMMON 307000109 7474 311400 SH SOLE 0 311400 0
FEDERAL NATL MTG ASSN COMMON 313586109 28187 412999 SH SOLE 0 412999 0
FIFTH THIRD BANCORP COMMON 316773100 379 5692 SH SOLE 0 5692 0
FIRST UTD BANCSHARES INC COMMON 3.37E+108 2587 138880 SH SOLE 0 138880 0
FORTUNE BRANDS INC COMMON 349631101 350 8452 SH SOLE 0 8452 0
G & K SVCS INC CL A 361268105 4033 77000 SH SOLE 0 77000 0
GTE CORP COMMON 362320103 1127 14932 SH SOLE 0 14932 0
GALILEO INTL INC COMMON 363547100 22658 424000 SH SOLE 0 424000 0
GANNETT CO INC COMMON 364730101 28732 402550 SH SOLE 0 402550 0
</TABLE>
<PAGE> 10
FORM 13F
REPORTING MANAGER; LUTHER KING CAPITAL MGMT
06/30/99
Page 8
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- ---------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- ---------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
GENERAL ELECTRIC CO COMMON 369604103 136005 1203583 SH SOLE 0 1203583 0
GENERAL MILLS INC COMMON 370334104 275 3424 SH SOLE 0 3424 0
GILLETTE COMPANY COMMON 375766102 28078 684825 SH SOLE 0 684825 0
GLAXO HOLDINGS PLC ADR DEPOSITORY RECEI 37733W105 532 9400 SH SOLE 0 9400 0
GLOBAL INDUSTRIES LTD COMMON 379336100 320 25000 SH SOLE 0 25000 0
GREY WOLF INC COMMON 397888108 35 14000 SH SOLE 0 14000 0
GUIDANT CORP COMMON 401698105 216 4216 SH SOLE 0 4216 0
HS RES INC COMMON 404297103 3319 225000 SH SOLE 0 225000 0
HALLIBURTON COMPANY COMMON 406216101 24289 536780 SH SOLE 0 536780 0
HAPPY KIDS INC COMMON 411391105 957 110200 SH SOLE 0 110200 0
HARTE-HANKS INC COMMON 416196103 36192 1334250 SH SOLE 0 1334250 0
H J HEINZ COMPANY COMMON 423074103 31876 635937 SH SOLE 0 635937 0
HEWLETT PACKARD COMPANY COMMON 428236103 98192 977030 SH SOLE 0 977030 0
HIBERNIA CORP CL A 428656102 1845 117600 SH SOLE 0 117600 0
HOME DEPOT INC COMMON 437076102 156094 2422404 SH SOLE 0 2422404 0
HOME DEPOT INC NOTE 3.250 10/0 437076AE2 6135 2200000 PRN SOLE 0 2200000 0
HOOPER HOLMES INC COMMON 439104100 3327 163300 SH SOLE 0 163300 0
ICO HLDGS INC COMMON 449293109 1512 1209300 SH SOLE 0 1209300 0
IMS HEALTH INC COMMON 449934108 5498 175950 SH SOLE 0 175950 0
</TABLE>
<PAGE> 11
FORM 13F
REPORTING MANAGER; LUTHER KING CAPITAL MGMT
06/30/99
Page 9
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- ---------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- ---------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
IRI INTL CORP COMMON 45004F107 143 31000 SH SOLE 0 31000 0
ITC DELTACOM INC COMMON 45031T104 3220 115000 SH SOLE 0 115000 0
ITT EDUCATIONAL SERVICES COMMON 45068B109 8869 340300 SH SOLE 0 340300 0
INFINITY BROADCASTING CP CL A 45662S102 3861 130600 SH SOLE 0 130600 0
INNOTEK COMMON 45764M102 0 10000 SH SOLE 0 10000 0
INPUT/OUTPUT INC COMMON 457652105 1564 206800 SH SOLE 0 206800 0
INSPIRE INS SOLUTIONS IN COMMON 457732105 1740 120000 SH SOLE 0 120000 0
INTEL CORPORATION COMMON 458140100 37766 634730 SH SOLE 0 634730 0
INTL BUSINESS MACHINES COMMON 459200101 14507 112240 SH SOLE 0 112240 0
INTERNATIONAL HOME FOODS COMMON 459655106 2568 139300 SH SOLE 0 139300 0
INTERNATIONAL ISOTOPES I COMMON 45972C102 1156 125000 SH SOLE 0 125000 0
INTERNATIONAL PAPER CO COMMON 460146103 623 12400 SH SOLE 0 12400 0
INTERTAN INC COMMON 461120107 1003 50142 SH SOLE 0 50142 0
INVESTMENT TECHNOLOGY GR COMMON 46145F105 4735 147399 SH SOLE 0 147399 0
IRON MTN INC DEL COMMON 46284P104 2948 103000 SH SOLE 0 103000 0
JEFFERIES GROUP INC NEW COMMON 472319102 870 30000 SH SOLE 0 30000 0
JEFFERSON-PILOT CORP COMMON 475070108 288 4356 SH SOLE 0 4356 0
JOHNSON & JOHNSON COMMON 478160104 57485 586583 SH SOLE 0 586583 0
JONES PHARMA INC COMMON 480236108 3859 98000 SH SOLE 0 98000 0
</TABLE>
<PAGE> 12
FORM 13F
REPORTING MANAGER; LUTHER KING CAPITAL MGMT
06/30/99
Page 10
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- ---------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- ---------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
JUSTIN INDUSTRIES INC COMMON 482171105 18224 1307527 SH SOLE 0 1307527 0
KENT ELECTRONICS CORP NOTE 4.500 9/0 490553AA2 12643 14616000 PRN SOLE 0 14616000 0
KEVCO INC COMMON 492716105 1583 193300 SH SOLE 0 193300 0
KIMBERLY-CLARK CORP COMMON 494368103 102680 1801404 SH SOLE 0 1801404 0
KINDER MORGAN ENERGY PAR UT LTD PARTNER 494550106 248 6700 SH SOLE 0 6700 0
KIRBY CORPORATION COMMON 497266106 33038 1559307 SH SOLE 0 1559307 0
KOPIN CORP COMMON 500600101 359 15000 SH SOLE 0 15000 0
LBP INC COMMON 50179V101 194 50000 SH SOLE 0 50000 0
LAUDER ESTEE COS INC CL A 518439104 8762 174800 SH SOLE 0 174800 0
LEVEL 3 COMMUNICATIONS I COMMON 52729N100 3003 50000 SH SOLE 0 50000 0
LEVIATHAN GAS PIPELINE P COM UNIT 527367205 449 19000 SH SOLE 0 19000 0
ELI LILLY AND COMPANY COMMON 532457108 543 7586 SH SOLE 0 7586 0
LINCOLN NATL CORP IND COMMON 534187109 1203 23000 SH SOLE 0 23000 0
LINDSAY MFG CO COMMON 535555106 9533 542825 SH SOLE 0 542825 0
LONGVIEW FIBRE CO COMMON 543213102 7590 485750 SH SOLE 0 485750 0
LOUISIANA PAC CORP COMMON 546347105 5716 239400 SH SOLE 0 239400 0
LUBYS INC COMMON 549282101 3242 216100 SH SOLE 0 216100 0
LUCENT TECHNOLOGIES INC COMMON 549463107 11780 174677 SH SOLE 0 174677 0
MBNA CORP COMMON 55262L100 455 14855 SH SOLE 0 14855 0
</TABLE>
<PAGE> 13
FORM 13F
REPORTING MANAGER; LUTHER KING CAPITAL MGMT
06/30/99
Page 11
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- ---------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- ---------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MCI WORLDCOM INC COMMON 55268B106 105601 1227030 SH SOLE 0 1227030 0
MDU RES GROUP INC COMMON 552690109 359 15750 SH SOLE 0 15750 0
MAC-GRAY CORP COMMON 554153106 438 50000 SH SOLE 0 50000 0
MACMILLAN BLOEDEL LTD COMMON 554783209 22624 1269700 SH SOLE 0 1269700 0
MAGNUM HUNTER RES INC COM PAR $0.002 55972F203 191 50000 SH SOLE 0 50000 0
MARSH & MCLENNAN COS INC COMMON 571748102 363 4800 SH SOLE 0 4800 0
MAXXIM MED INC COMMON 57777G105 8073 346300 SH SOLE 0 346300 0
MCCORMICK & CO INC COM NON VTG 579780206 426 13500 SH SOLE 0 13500 0
MCDONALDS CORP COMMON 580135101 535 13000 SH SOLE 0 13000 0
MCGRATH RENTCORP COMMON 580589109 1238 61900 SH SOLE 0 61900 0
MEDTRONIC INC COMMON 585055106 234 3000 SH SOLE 0 3000 0
MEDSTONE INTL INC NEW COMMON 58505C101 153 20800 SH SOLE 0 20800 0
MELLON BK CORP COMMON 585509102 31238 858767 SH SOLE 0 858767 0
MERCANTILE BANCORP INC COMMON 587342106 324 5676 SH SOLE 0 5676 0
MERCK & CO INC COMMON 589331107 59693 810766 SH SOLE 0 810766 0
MERIDIAN RESOURCE CORP COMMON 58977Q109 174 44880 SH SOLE 0 44880 0
METROCALL INC COMMON 591647102 1107 402450 SH SOLE 0 402450 0
METRONET COMMUNICATIONS CL B NON VTG 59169Y108 3450 60000 SH SOLE 0 60000 0
METRO NETWORKS INC COMMON 591918107 2936 55000 SH SOLE 0 55000 0
</TABLE>
<PAGE> 14
FORM 13F
REPORTING MANAGER; LUTHER KING CAPITAL MGMT
06/30/99
Page 12
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- ---------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- ---------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MICROSOFT CORPORATION COMMON 594918104 67496 748400 SH SOLE 0 748400 0
MID ATLANTIC MED SVCS IN COMMON 59523C107 1827 185000 SH SOLE 0 185000 0
MINNESOTA MNG & MFG CO COMMON 604059105 669 7700 SH SOLE 0 7700 0
MOBIL CORPORATION COMMON 607059102 87146 882487 SH SOLE 0 882487 0
MOBILE MINI INC COMMON 60740F105 8459 432400 SH SOLE 0 432400 0
MONSANTO CO COMMON 611662107 13891 351125 SH SOLE 0 351125 0
MONTANA POWER COMPANY COMMON 612085100 3102 44000 SH SOLE 0 44000 0
MONY GROUP INC COMMON 615337102 1064 32600 SH SOLE 0 32600 0
J P MORGAN & COMPANY INC COMMON 616880100 211 1500 SH SOLE 0 1500 0
MOTOROLA INC COMMON 620076109 89156 940961 SH SOLE 0 940961 0
NABISCO HLDGS CORP CL A 629526104 1153 26825 SH SOLE 0 26825 0
NABORS INDUSTRIES INC COMMON 629568106 4349 178416 SH SOLE 0 178416 0
NABORS INDS INC NOTE 5.000 7/1 629568AA4 11349 8485000 PRN SOLE 0 8485000 0
NATIONAL COMM BANCORP COMMON 635449101 2625 120000 SH SOLE 0 120000 0
NATIONAL-OILWELL INC COMMON 637071101 140 10000 SH SOLE 0 10000 0
NATIONAL SVC INDS INC COMMON 637657107 659 18300 SH SOLE 0 18300 0
NATIONWIDE FINL SVCS CL A 638612101 272 6000 SH SOLE 0 6000 0
NESTLE S A DEPOSITORY RECEI 641069406 541 6000 SH SOLE 0 6000 0
NEWPARK RES INC COM PAR $.01NEW 651718504 266 30000 SH SOLE 0 30000 0
</TABLE>
<PAGE> 15
FORM 13F
REPORTING MANAGER; LUTHER KING CAPITAL MGMT
06/30/99
Page 13
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- ---------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- ---------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
NIKE INC CL B CL B 654106103 4607 72700 SH SOLE 0 72700 0
NOBLE AFFILIATES INC COMMON 654894104 22715 805842 SH SOLE 0 805842 0
NOBLE DRILLING CORP COMMON 655042109 6795 345155 SH SOLE 0 345155 0
NORTEL NETWORKS CORP COMMON 656569100 59744 688200 SH SOLE 0 688200 0
NORTHERN TRUST CORP COMMON 665859104 26636 274600 SH SOLE 0 274600 0
NUEVO ENERGY CO COMMON 670509108 159 12000 SH SOLE 0 12000 0
OCCIDENTAL PETROLEUM COR COMMON 674599105 423 20000 SH SOLE 0 20000 0
OCEAN ENERGY INC TEX COMMON 6.75E+110 1362 141524 SH SOLE 0 141524 0
OCEANEERING INTL INC COMMON 675232102 484 30000 SH SOLE 0 30000 0
OFFICE DEPOT INC COMMON 676220106 6564 297500 SH SOLE 0 297500 0
OLSTEN CORPORATION COMMON 681385100 101 16030 SH SOLE 0 16030 0
OMNICOM GROUP INC COMMON 681919106 3976 49700 SH SOLE 0 49700 0
ORACLE CORP COMMON 68389X105 17380 468151 SH SOLE 0 468151 0
OUTDOOR SYS INC COMMON 690057104 21214 581200 SH SOLE 0 581200 0
PACIFIC GATEWAY EXCHANGE COMMON 694327107 1078 37000 SH SOLE 0 37000 0
PATTERSON DENTAL CO COMMON 703412106 7132 205250 SH SOLE 0 205250 0
PAWNMART INC COMMON 704157106 247 100000 SH SOLE 0 100000 0
PAWNMART INC *W EXP 3/18/200 704157106 123 50000 SOLE 0 50000 0
PAWNMART INC *W EXP 3/18/200 704157106 123 50000 SOLE 0 50000 0
</TABLE>
<PAGE> 16
FORM 13F
REPORTING MANAGER; LUTHER KING CAPITAL MGMT
06/30/99
Page 14
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- ---------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- ---------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PAYCHEX INC COMMON 704326107 2201 69050 SH SOLE 0 69050 0
PENTON MEDIA INC COMMON 709668107 1753 72300 SH SOLE 0 72300 0
PEPSI BOTTLING GROUP COMMON 713409100 4220 182500 SH SOLE 0 182500 0
PEPSICO INC COMMON 713448108 103276 2669499 SH SOLE 0 2669499 0
PETSEC ENERGY LTD DEPOSITORY RECEI 715796108 41 25000 SH SOLE 0 25000 0
PETROLEUM GEO-SVCS A/S DEPOSITORY RECEI 716597109 5973 401550 SH SOLE 0 401550 0
PETSMART INC COMMON 716768106 1306 127400 SH SOLE 0 127400 0
PHARMACIA & UPJOHN INC COMMON 716941109 74414 1309812 SH SOLE 0 1309812 0
PFIZER INC COMMON 717081103 15963 146454 SH SOLE 0 146454 0
PHILIP MORRIS COS COMMON 718154107 18244 453961 SH SOLE 0 453961 0
PIER 1 IMPORTS INC COMMON 720279108 2897 257500 SH SOLE 0 257500 0
PILLOWTEX CORP COMMON 721501104 943 57837 SH SOLE 0 57837 0
PINNACLE HLDGS INC COMMON 72346N101 2450 100000 SH SOLE 0 100000 0
PITNEY-BOWES INC COMMON 724479100 257 4000 SH SOLE 0 4000 0
PLAY BY PLAY TOYS & NOVE COMMON 72811K103 1085 265000 SH SOLE 0 265000 0
PRENTISS PPTYS TR SH BEN INT 740706106 2041 86400 SH SOLE 0 86400 0
PRIME MED SVCS INC NEW COMMON 74156D108 2498 338700 SH SOLE 0 338700 0
PROCTER & GAMBLE COMPANY COMMON 742718109 30312 339627 SH SOLE 0 339627 0
PROLOGIS TR SH BEN INT 743410102 399 19717 SH SOLE 0 19717 0
</TABLE>
<PAGE> 17
FORM 13F
REPORTING MANAGER; LUTHER KING CAPITAL MGMT
06/30/99
Page 15
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- ---------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- ---------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PROVIDIAN FINL CORP COMMON 74406A102 3982 42700 SH SOLE 0 42700 0
QUEST ED CORP COMMON 74835F102 1627 154000 SH SOLE 0 154000 0
R & B FALCON CORP COMMON 7.49E+105 310 33100 SH SOLE 0 33100 0
RADISYS CORP COMMON 750459109 1847 47500 SH SOLE 0 47500 0
RAILAMERICA INC COMMON 750753105 13489 1308000 SH SOLE 0 1308000 0
RAILAMERICA SERIES A CONV PF 750990202 875 28000 SH SOLE 0 28000 0
RELIANCE STEEL & ALUMINU COMMON 759509102 6796 174250 SH SOLE 0 174250 0
REPUBLIC SVCS INC COMMON 760759100 7970 322000 SH SOLE 0 322000 0
ROBERT HALF INTL INC COMMON 770323103 1048 40600 SH SOLE 0 40600 0
ROMAC INTL INC COMMON 775835101 1076 121200 SH SOLE 0 121200 0
ROYAL DUTCH PETE CO DEPOSITORY RECEI 780257804 1504 24958 SH SOLE 0 24958 0
RYAN ENERGY TECHNOLOGIES COMMON 78348T103 47 16000 SH SOLE 0 16000 0
SBC COMMUNICATIONS INC COMMON 78387G103 9158 157898 SH SOLE 0 157898 0
SABINE ROYALTY TR UNIT BEN INT 785688102 145 10079 SH SOLE 0 10079 0
SAGA COMMUNICATIONS CL A 786598102 1825 97968 SH SOLE 0 97968 0
ST JOE CO COMMON 790148100 10000 370375 SH SOLE 0 370375 0
SAKS INC COMMON 79377W108 33537 1161465 SH SOLE 0 1161465 0
SANTA FE SNYDER CORP COMMON 80218K105 2214 276750 SH SOLE 0 276750 0
SARA LEE CORPORATION COMMON 803111103 1602 70600 SH SOLE 0 70600 0
</TABLE>
<PAGE> 18
FORM 13F
REPORTING MANAGER; LUTHER KING CAPITAL MGMT
06/30/99
Page 16
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- ---------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- ---------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SCHERING-PLOUGH CORP COMMON 806605101 142723 2718528 SH SOLE 0 2718528 0
SCHLUMBERGER LIMITED COMMON 806857108 64249 1008814 SH SOLE 0 1008814 0
SCHWAB CHARLES CORP NEW COMMON 808513105 3085 28300 SH SOLE 0 28300 0
SCOTT TECHNOLOGIES INC COMMON 810022301 5294 275000 SH SOLE 0 275000 0
SEAGRAM COMPANY LIMITED COMMON 811850106 735 14600 SH SOLE 0 14600 0
SHERWIN-WILLIAMS CO COMMON 824348106 51680 1862344 SH SOLE 0 1862344 0
SIMMONS 1ST NATL CORP CL A $5 PAR 828730200 284 8840 SH SOLE 0 8840 0
SMITHKLINE BEECHAM PLC DEPOSITORY RECEI 832378301 78236 1184265 SH SOLE 0 1184265 0
SOUTHERN UN CO NEW COMMON 844030106 1333 61303 SH SOLE 0 61303 0
SOUTHWEST AIRLS CO COMMON 844741108 271 8700 SH SOLE 0 8700 0
SOUTHWEST SECS GROUP INC COMMON 845224104 1431 20000 SH SOLE 0 20000 0
SPRINT CORP COM FON GROUP 852061100 230 4340 SH SOLE 0 4340 0
STANCORP FINL GROUP INC COMMON 852891100 807 26900 SH SOLE 0 26900 0
STARWOOD HOTELS WORLD PAIRED CTF 85590A203 20242 662320 SH SOLE 0 662320 0
STATE STREET BOSTON CORP COMMON 857477103 2132 24975 SH SOLE 0 24975 0
STOLT COMEX SEAWAY ADR DEPOSITORY RECEI 861567105 108 10000 SH SOLE 0 10000 0
STORAGE USA INC COMMON 861907103 1888 59000 SH SOLE 0 59000 0
STRAYER ED INC COMMON 863236105 1228 40000 SH SOLE 0 40000 0
SUN MICROSYSTEMS INC COMMON 866810104 1033 15000 SH SOLE 0 15000 0
</TABLE>
<PAGE> 19
FORM 13F
REPORTING MANAGER; LUTHER KING CAPITAL MGMT
06/30/99
Page 17
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- ---------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- ---------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SUNGARD DATA SYSTEMS INC COMMON 867363103 13430 389280 SH SOLE 0 389280 0
SUPERIOR SVCS INC COMMON 868316100 3595 134700 SH SOLE 0 134700 0
SWIFT TRANSN CO COMMON 870756103 4455 202500 SH SOLE 0 202500 0
SYBRON CORPORATION COMMON 87114F106 59914 2173768 SH SOLE 0 2173768 0
SYSCO CORPORATION COMMON 871829107 7218 242100 SH SOLE 0 242100 0
TJ INTERNATIONAL INC COMMON 872534102 4681 151000 SH SOLE 0 151000 0
TACO CABANA INC COMMON 873425102 3006 295100 SH SOLE 0 295100 0
TALISMAN ENERGY INC COMMON 8.74E+107 266 10000 SH SOLE 0 10000 0
TANDY CORP COMMON 875382103 43115 882150 SH SOLE 0 882150 0
TEKELEC COMMON 879101103 1280 105000 SH SOLE 0 105000 0
TELEFONOS DE MEXICO S A DEPOSITORY RECEI 879403780 202 2500 SH SOLE 0 2500 0
TELIGENT INC CL A 87959Y103 209 3500 SH SOLE 0 3500 0
TESCO CORP COMMON 88157K101 53 10000 SH SOLE 0 10000 0
TEVA PHARMACEUTICAL INDS DEPOSITORY RECEI 881624209 3758 76700 SH SOLE 0 76700 0
TEXACO INC COMMON 881694103 11154 178818 SH SOLE 0 178818 0
TEXAS INSTRS INC COMMON 882508104 749 5200 SH SOLE 0 5200 0
TEXAS REGL BANCSHARES IN CL A VTG 882673106 8299 305250 SH SOLE 0 305250 0
TIDEWATER INC COMMON 886423102 232 7600 SH SOLE 0 7600 0
TIFFANY & CO NEW COMMON 886547108 5763 59725 SH SOLE 0 59725 0
</TABLE>
<PAGE> 20
FORM 13F
REPORTING MANAGER; LUTHER KING CAPITAL MGMT
06/30/99
Page 18
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- ---------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- ---------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
TITAN EXPL INC COMMON 888289105 133 26500 SH SOLE 0 26500 0
TITANIUM METALS CORP COMMON 888339108 551 49000 SH SOLE 0 49000 0
TOSCO CORP COM NEW 891490302 519 20000 SH SOLE 0 20000 0
TRACTOR SUPPLY CO COMMON 892356106 12419 454700 SH SOLE 0 454700 0
TRICON GLOBAL RESTAURANT COMMON 895953107 204 3760 SH SOLE 0 3760 0
TRIBUNE 2% 5/15/29 CV PFD $2.000 896047305 4166 33600 SH SOLE 0 33600 0
TUESDAY MORNING CORP COM NEW 899035505 2550 100000 SH SOLE 0 100000 0
TYCO INTL LTD COMMON 902124106 80081 845185 SH SOLE 0 845185 0
TYLER TECHNOLOGIES INC COMMON 902252105 138 21300 SH SOLE 0 21300 0
UCAR INTL INC COMMON 90262K109 1578 62500 SH SOLE 0 62500 0
U S FOODSERVICE COMMON 90331R101 16115 378075 SH SOLE 0 378075 0
UTI ENERGY CORP COMMON 903387108 207 12500 SH SOLE 0 12500 0
UNION PACIFIC CORP COMMON 907818108 4523 77562 SH SOLE 0 77562 0
UNION PAC RES GROUP INC COMMON 907834105 572 35046 SH SOLE 0 35046 0
UNIPHASE CORP COMMON 909149106 2955 17800 SH SOLE 0 17800 0
UNITED STATES FILTER COR COM NEW 911843209 731 23200 SH SOLE 0 23200 0
UROCOR INC COMMON 91727P105 57 11628 SH SOLE 0 11628 0
VARCO INTL INC COMMON 922126107 1189 110000 SH SOLE 0 110000 0
VASTAR RESOURCES LTD COMMON 922380100 1059 20200 SH SOLE 0 20200 0
</TABLE>
<PAGE> 21
FORM 13F
REPORTING MANAGER; LUTHER KING CAPITAL MGMT
06/30/99
Page 19
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- ---------- -------- ------------------ ---------- -------- --------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------ -------------- ---------- -------- ------- --- ---- ---------- -------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
VENATOR GROUP INC COMMON 922944103 3722 356600 SH SOLE 0 356600 0
VINTAGE PETE INC COMMON 927460105 314 29200 SH SOLE 0 29200 0
WACHOVIA CORPORATION COMMON 929771103 276 3230 SH SOLE 0 3230 0
WAL-MART STORES INC COMMON 931142103 9858 204316 SH SOLE 0 204316 0
WALGREEN CO COMMON 931422109 21940 746900 SH SOLE 0 746900 0
WARNER LAMBERT COMPANY COMMON 934488107 380 5500 SH SOLE 0 5500 0
WASTE MGMT INC DEL COMMON 94106L109 68085 1266702 SH SOLE 0 1266702 0
WEATHERFORD INTL INC COMMON 947074100 4994 136344 SH SOLE 0 136344 0
WELLS FARGO & CO NEW COMMON 949746101 82981 1941074 SH SOLE 0 1941074 0
WHITE CAP INDS CORP COMMON 963505102 1110 94000 SH SOLE 0 94000 0
WILLAMETTE INDS INC COMMON 969133107 11686 253700 SH SOLE 0 253700 0
WILLIAMS COS INC DEL COMMON 969457100 6785 159419 SH SOLE 0 159419 0
WORTHINGTON INDS INC COMMON 981811102 361 21937 SH SOLE 0 21937 0
KNIGHTSBRIDGE TANKERS LT ORD G5299G106 210 12000 SH SOLE 0 12000 0
PARTNERRE LTD COMMON G6852T105 1007 26950 SH SOLE 0 26950 0
TRANSOCEAN OFFSHORE INC ORD G90076103 551 21000 SH SOLE 0 21000 0
TRITON ENERGY LTD ORD G90751101 106 10000 SH SOLE 0 10000 0
STOLT COMEX SEAWAY SA COMMON L8873E103 1479 136000 SH SOLE 0 136000 0
VOCALTEC COMMUNICATIONS ORD M97601104 875 70000 SH SOLE 0 70000 0
</TABLE>
