<PAGE> 1
--------------------------
OMB APPROVAL
--------------------------
OMB Number: 3235-0006
Expires: April 30, 2000
Estimated average
burden hours
per response..... 33.99
--------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 12/31/99
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: 817-332-3235
Signature, Place, and Date of Signing:
/s/ Barbara Garcia Fort Worth, TX 10/12/99
________________________________ ____________________________ __________
[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:
[If there are no entries in this list, omit this section.]
<TABLE>
<CAPTION>
13F File Number Name
<S> <C>
28-__________________ ______________________________________________
</TABLE>
<PAGE> 2
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: None
Form 13F Information Table Entry Total: 329
Form 13F Information Table Value Total: $4,830,072,851
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.
[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.]
<TABLE>
<CAPTION>
No. 13F File Number Name
<S> <C> <C>
____ ____________ ________________________________
</TABLE>
<PAGE> 3
FORM 13F 12/31/99
REPORTING MANAGER; LUTHER KING CAPITAL MGMT 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>
RAILAMERICA,INC JR CV SU BND CV 000009993 2750000 275000 275000 275000
AMFM INC COMMON 001693100 14436656 184494 184494 184494
AMR CORPORATION COMMON 001765106 415400 6200 6200 6200
AMERICAN TEL & TELEG CO COMMON 001957109 8666529 170559 170559 170559
AT&T CORP COMMON 001957208 3795075 66800 66800 66800
AT & T CDA INC COMMON 00207Q202 2906050 72200 72200 72200
ABBOTT LABORATORIES COMMON 002824100 2372659 65340 65340 65340
ACE CASH EXPRESS INC COMMON 004403101 684500 37000 37000 37000
ADAPTEC INC COMMON 00651F108 8229375 165000 165000 165000
AGILENT TECHNOLOGIES INC COMMON 00846U101 7731250 100000 100000 100000
ALLIED WASTE INDS INC COMMON 019589308 5701688 647000 647000 647000
ALLSTATE CORP COMMON 020002101 4841245 201194 201194 201194
ALLTEL CORPORATION COMMON 020039103 124319747 1503489 1503489 1503489
AMERICAN EXPRESS CO COMMON 025816109 645216 3881 3881 3881
AMERICAN GENERAL CORP COMMON 026351106 51717159 681610 681610 681610
AMERICAN HOME PRODS CORP COMMON 026609107 19272535 491020 491020 491020
AMERICAN INTL GROUP INC COMMON 026874107 17777007 164411 164411 164411
AMERUS LIFE HLDGS INC COMMON 030732101 1035253 45011 45011 45011
ANADARKO PETROLEUM CORP COMMON 032511107 9155738 268300 268300 268300
--------- ------- ------- --------
COLUMN TOTALS 286453081 5148510 5148510 5148510
</TABLE>
<PAGE> 4
FORM 13F 12/31/99
REPORTING MANAGER; LUTHER KING CAPITAL MGMT 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>
ANCHOR GAMING COMMON 033037102 1498159 34490 34490
34490
ANHEUSER BUSCH COS INC COMMON 035229103 17226169 243050 243050
243050
ARMANINO FOODS DISTINCTI COMMON 042166702 770000 220000 220000
220000
ARTESYN TECHNOLOGIES INC COMMON 043127109 577500 27500 27500
27500
ASSOCIATES FIRST CAP COR COMMON 046008108 34828477 1269375 1269375
1269375
ATLANTIC GULF COMMUNITIE PFD CV 048556203 303633 55206 55206
55206
ATLANTIC GULF COMM CORP PFD CV 048556922 192500 35000 35000
35000
ATLANTIC RICHFIELD CO COMMON 048825103 19587579 226446 226446
226446
AZTEC MANUFACTURING CO COMMON 054825104 2037175 166300 166300
166300
BJ SVCS CO COMMON 055482103 4737356 113300 113300
113300
BP AMOCO P L C COMMON 055622104 45944372 774615 774615
774615
BMC SOFTWARE INC COMMON 055921100 7674000 96000 96000
96000
BAKER HUGHES INC COMMON 057224107 1132109 53750 53750
53750
BANK OF AMERICA CORP COMMON 060505104 457961 9125 9125
9125
C R BARD INC COMMON 067383109 6545500 123500 123500
123500
BASIN EXPL INC COMMON 070107107 616875 35000 35000
35000
BAXTER INTERNATIONAL INC COMMON 071813109 587234 9349 9349
9349
BELL ATLANTIC CORP COMMON 077853109 38784375 630000 630000
630000
BELO A H CORP DEL COMMON 080555105 54203952 2843486 2843486
---------- ------- ------- 2843486
COLUMN TOTALS 237704927 6965492 6965492 --------
6965492
</TABLE>
<PAGE> 5
FORM 13F 12/31/99
REPORTING MANAGER; LUTHER KING CAPITAL MGMT 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>
BERKSHIRE HATHAWAY INC D COMMON 084670108 729300 13 13 13
BIOVAIL CORP INTL NEW COMMON 09067K106 0 100000(W) 100000 100000
BLANCH E W HLDGS INC COMMON 093210102 1225000 20000 20000 20000
H & R BLOCK INC COMMON 093671105 15479844 353825 353825 353825
BOEING COMPANY COMMON 097023105 878475 21200 21200 21200
BOISE CASCADE CORP COMMON 097383103 925425 22850 22850 22850
BOISE CASCADE OFFICE PRO COMMON 097403109 750000 50000 50000 50000
BRANDYWINE RLTY TR COMMON 105368203 1106950 67600 67600 67600
BRINKER INTERNATL INC COMMON 109641100 316568 13122 13122 13122
BRISTOL-MYERS SQUIBB CO COMMON 110122108 4214038 65652 65652 65652
BROWN FORMAN CORP COMMON 115637209 404987 7074 7074 7074
TOM BROWN INC COMMON 115660201 3076250 230000 230000 230000
BURLINGTON RESOURCES INC COMMON 122014103 4524239 136839 136839 136839
CBS CORP COMMON 12490K107 65837850 1029722 1029722 1029722
CDW COMPUTER CTRS INC COMMON 125129106 2696838 34300 34300 34300
CIT GROUP INC COMMON 125577106 1335100 63200 63200 63200
CNA SURETY CORP COMMON 12612L108 3903900 300300 300300 300300
CABOT OIL & GAS CORP COMMON 127097103 8704269 541900 541900 541900
CAPITAL ONE FINL CORP COMMON 14040H105 18712411 388325 388325 388325
---------- ------- ------- --------
COLUMN TOTALS 134821443 3445922 3445922 3445922
</TABLE>
<PAGE> 6
FORM 13F 12/31/99
REPORTING MANAGER; LUTHER KING CAPITAL MGMT 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>
CARBO CERAMICS INC COMMON 140781105 1312500 60000 60000 60000
CARDINAL HEALTH INC COMMON 14149Y108 403347 8425 8425 8425
CARMIKE CINEMAS INC COMMON 143436103 93750 12000 12000 12000
CASELLA WASTE SYS INC COMMON 147448104 5530375 293000 293000 293000
CENTEX CORPORATION COMMON 152312104 745563 30200 30200 30200
CENTEX CONSTRUCTION PROD COMMON 15231R109 546000 14000 14000 14000
CHART INDS INC COMMON 16115Q100 896200 224050 224050 224050
CHEVRON CORPORATION COMMON 166751107 1531703 17682 17682 17682
CHIEFTAIN INTL INC COMMON 16867C101 1035000 60000 60000 60000
CIENA CORP COMMON 171779101 5439500 94600 94600 94600
CIRCUIT CITY STORE INC COMMON 172737108 6091549 135180 135180 135180
CISCO SYS INC COMMON 17275R102 127249824 1187863 1187863 1187863
CITADEL COMMUNICATIONS C COMMON 172853202 1845953 28454 28454 28454
CITIGROUP INC COMMON 172967101 30661593 550601 550601 550601
CLEAR CHANNEL COMM INC COMMON 184502102 7448002 83451 83451 83451
CLEAR CHANNEL COMM BND CV 184502AE2 6135000 6000000 6000000 6000000
COCA-COLA COMPANY COMMON 191216100 13426159 230492 230492 230492
COLGATE-PALMOLIVE CO COMMON 194162103 138515780 2131012 2131012 2131012
COLUMBIA/HCA HEALTHCARE COMMON 197677107 595044 20300 20300 20300
---------- -------- -------- --------
COLUMN TOTALS 349502841 11181310 11181310 11181310
</TABLE>
<PAGE> 7
FORM 13F 12/31/99
REPORTING MANAGER; LUTHER KING CAPITAL MGMT 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>
COMCAST CORPORATION CL A COMMON 200300101 215438 4500 4500 4500
COMCAST CORPORATION CL K COMMON 200300200 471243 9320 9320 9320
COMPASS BANCSHARES INC COMMON 20449H109 22136031 992091 992091 992091
CONOCO INC COMMON 208251405 716385 28799 28799 28799
COOPER CAMERON CORP COMMON 216640102 5583769 114100 114100 114100
CORNING INCORPORATED COMMON 219350105 124726401 967340 967340 967340
COTT CORP QUE COMMON 22163N106 105000 20000 20000 20000
COVENANT TRANS INC COMMON 22284P105 1563750 90000 90000 90000
CRESCENT REAL ESTATE EQU COMMON 225756105 19139749 1041619 1041619 1041619
CRESCENT OPER INC COMMON 22575M100 64257 23366 23366 23366
CROSS TIMBERS OIL CO COMMON 227573102 1482077 163539 163539 163539
CROWN CASTLE INTL CORP COMMON 228227104 8969300 279200 279200 279200
CULLEN FROST BANKERS INC COMMON 229899109 29601994 1149592 1149592 1149592
CUMULUS MEDIA INC COMMON 231082108 12423600 244800 244800 244800
DALLAS SEMICONDUCTOR COR COMMON 235204104 4768375 74000 74000 74000
DAYTON HUDSON CORP COMMON 239753106 602188 8200 8200 8200
CROWN CASTLE DECS TR V PFD CV 24366F203 10111375 351700 351700 351700
DEERE & CO COMMON 244199105 5421875 125000 125000 125000
DIEBOLD INCORPORATED COMMON 253651103 21814909 928294 928294 928294
---------- ------- ------- --------
COLUMN TOTALS 269917714 6615460 6615460 6615460
</TABLE>
<PAGE> 8
FORM 13F 12/31/99
REPORTING MANAGER; LUTHER KING CAPITAL MGMT 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>
WALT DISNEY COMPANY COMMON 254687106 23553914 805262 805262 805262
DONALDSON LUFKIN & JENRE COMMON 257661108 483750 10000 10000 10000
DREW INDUSTRIES INC COMMON 26168L205 1197000 133000 133000 133000
DRIL-QUIP INC COMMON 262037104 2885625 95000 95000 95000
DRYPERS CORP COMMON 262497308 1070781 445000 445000 445000
DSET CORP COMMON 262504103 2541500 68000 68000 68000
E I DU PONT DE NEMOURS COMMON 263534109 20757674 315107 315107 315107
E M C CORP MASS COMMON 268648102 63302181 579425 579425 579425
EARTHGRAINS CO COMMON 270319106 3176625 197000 197000 197000
EL PASO ENERGY PARTNERS COMMON 28368B102 361000 19000 19000 19000
EL PASO ENERGY CORP DEL COMMON 283905107 329906 8500 8500 8500
EMERSON ELECTRIC CO COMMON 291011104 10249355 178638 178638 178638
EMMIS COMMUNICATIONS COR COMMON 291525103 2617453 21000 21000 21000
ENCAL ENERGY LTD COMMON 29250D107 7162544 1575000 1575000 1575000
ENCORE WIRE CORP COMMON 292562105 457500 60000 60000 60000
ENRON CORP COMMON 293561106 1016276 22902 22902 22902
ENTRUST TECHNOLOGIES INC COMMON 293848107 2097813 35000 35000 35000
ERICSSON L M TEL CO COMMON 294821400 1812975 27600 27600 27600
EXODUS COMMUNICATIONS IN COMMON 302088109 6643175 74800 74800 74800
---------- ------- ------- --------
COLUMN TOTALS 151717047 4670234 4670234 4670234
</TABLE>
<PAGE> 9
FORM 13F 12/31/99
REPORTING MANAGER; LUTHER KING CAPITAL MGMT 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>
EXTENDED STAY AMER INC COMMON 30224P101 75625 10000 10000 10000
EXXON MOBIL CORP COMMON 30231G102 298232366 3701875 3701875 3701875
FVNB CORP COMMON 302674106 1697500 48500 48500 48500
FAMILY DLR STORES INC COMMON 307000109 7069838 433400 433400 433400
FEDERAL NATL MTG ASSN COMMON 313586109 25458828 407749 407749 407749
FIFTH THIRD BANCORP COMMON 316773100 417651 5692 5692 5692
FIRST DATA CORP COMMON 319963104 19944441 404450 404450 404450
FIRST UTD BANCSHARES INC COMMON 33741E104 1873570 140080 140080 140080
FIRSTAR CORP NEW WIS COMMON 33763V109 9351362 442668 442668 442668
FORTUNE BRANDS INC COMMON 349631101 232297 7026 7026 7026
GTE CORP COMMON 362320103 13659277 193577 193577 193577
GANNETT CO INC COMMON 364730101 32076900 393280 393280 393280
GENERAL ELECTRIC CO COMMON 369604103 173392036 1120465 1120465 1120465
GENTEX CORP COMMON 371901109 3177375 114500 114500 114500
GILLETTE COMPANY COMMON 375766102 28381194 689073 689073 689073
GLAXO HOLDINGS PLC ADR COMMON 37733W105 994575 17800 17800 17800
GUIDANT CORP COMMON 401698105 4254252 90516 90516 90516
HS RES INC COMMON 404297103 3708750 215000 215000 215000
HALLIBURTON COMPANY COMMON 406216101 37463251 930764 930764 930764
---------- ------- ------- --------
COLUMN TOTALS 661461087 9366416 9366416 9366416
</TABLE>
<PAGE> 10
FORM 13F 12/31/99
REPORTING MANAGER; LUTHER KING CAPITAL MGMT 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>
HARRIS CORP DEL COMMON 413875105 1168913 43800 43800 43800
HARTE-HANKS INC COMMON 416196103 27820425 1279100 1279100 1279100
H J HEINZ COMPANY COMMON 423074103 10923993 274386 274386 274386
HEWLETT PACKARD COMPANY COMMON 428236103 99057254 870833 870833 870833
HIBERNIA CORP COMMON 428656102 3220438 303100 303100 303100
HOME DEPOT INC COMMON 437076102 234978459 3417868 3417868 3417868
HONEYWELL INTL INC COMMON 438516106 575476 9975 9975 9975
HOOPER HOLMES INC COMMON 439104100 3996400 155200 155200 155200
ICO HLDGS INC COMMON 449293109 750000 500000 500000 500000
IMS HEALTH INC COMMON 449934108 30403781 1118300 1118300 1118300
ITC DELTACOM INC COMMON 45031T104 3853688 139500 139500 139500
ITC DELTACOM INC BND CV 45031TAK0 3585000 3000000 3000000 3000000
ITT EDUCATIONAL SERVICES COMMON 45068B109 1790750 116000 116000 116000
ITXC CORP COMMON 45069F109 336250 10000 10000 10000
INDEPENDENT ENERGY HLDGS COMMON 45384X108 3664375 110000 110000 110000
INFINITY BROADCASTING CP COMMON 45662S102 18296138 505592 505592 505592
INET TECHNOLOGIES INC COMMON 45662V105 761638 10900 10900 10900
INFORMATION ARCHITECTS C COMMON 45669R107 1092896 273224 273224 273224
INPUT/OUTPUT INC COMMON 457652105 477394 94300 94300 94300
---------- -------- -------- --------
COLUMN TOTALS 446753266 12232080 12232080 12232080
</TABLE>
<PAGE> 11
FORM 13F 12/31/99
REPORTING MANAGER; LUTHER KING CAPITAL MGMT 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>
INSPIRE INS SOLUTIONS IN COMMON 457732105 1281656 279000 279000 279000
INTEL CORPORATION COMMON 458140100 79037697 960215 960215 960215
INTL BUSINESS MACHINES COMMON 459200101 14795596 137155 137155 137155
INTERNATIONAL HOME FOODS COMMON 459655106 2663588 153300 153300 153300
INTERNATIONAL ISOTOPES I COMMON 45972C102 2105125 382750 382750 382750
INTL PAPER CO COMMON 460146103 699825 12400 12400 12400
INTERTAN INC COMMON 461120107 1306250 50000 50000 50000
INTERVU INC COMMON 46114R106 2079000 19800 19800 19800
INVESTMENT TECHNOLOGY GR COMMON 46145F105 4047971 140799 140799 140799
IRON MTN INC PA COMMON 462846106 4705706 119700 119700 119700
JDS UNIPHASE CORP COMMON 46612J101 13582513 84200 84200 84200
JEFFERIES GROUP INC NEW COMMON 472319102 660000 30000 30000 30000
JEFFERSON-PILOT CORP COMMON 475070108 297161 4354 4354 4354
JOHNSON & JOHNSON COMMON 478160104 57706737 618839 618839 618839
JONES PHARMA INC COMMON 480236108 6493906 149500 149500 149500
JUSTIN INDUSTRIES INC COMMON 482171105 22858294 1536692 1536692 1536692
KENT ELECTRS CORP BND CV 490553AA2 12094740 14616000 14616000 4616000
KEVCO INC COMMON 492716105 187500 100000 100000 100000
KIMBERLY-CLARK CORP COMMON 494368103 116250635 1776514 1776514 1776514
---------- -------- -------- --------
COLUMN TOTALS 342853899 21171218 21171218 21171218
</TABLE>
<PAGE> 12
FORM 13F 12/31/99
REPORTING MANAGER; LUTHER KING CAPITAL MGMT 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>
KINDER MORGAN ENERGY PAR COMMON 494550106 277631 6700 6700 6700
KIRBY CORPORATION COMMON 497266106 35024394 1708507 1708507 1708507
LBP INC COMMON 50179V101 184400 50000 50000 50000
LAUDER ESTEE COS INC COMMON 518439104 5810400 115200 115200 115200
ELI LILLY AND COMPANY COMMON 532457108 557669 8386 8386 8386
LINCOLN NATL CORP IND COMMON 534187109 920000 23000 23000 23000
LINDSAY MFG CO COMMON 535555106 10454056 572825 572825 572825
LITTELFUSE INC COMMON 537008104 3858234 159000 159000 159000
LONGVIEW FIBRE CO COMMON 543213102 6329138 444150 444150 444150
LOUISIANA PAC CORP COMMON 546347105 3839063 273000 273000 273000
LUBYS INC COMMON 549282101 2024750 178000 178000 178000
LUCENT TECHNOLOGIES INC COMMON 549463107 29868600 398248 398248 398248
MBNA CORP COMMON 55262L100 377549 13855 13855 13855
MCI WORLDCOM INC COMMON 55268B106 81422178 1534458 1534458 1534458
MDU RES GROUP INC COMMON 552690109 315000 15750 15750 15750
MARSH & MCLENNAN COS INC COMMON 571748102 472218 4935 4935 4935
MCDONALDS CORP COMMON 580135101 790125 19600 19600 19600
MCGRATH RENTCORP COMMON 580589109 962500 55000 55000 55000
MEDTRONIC INC COMMON 585055106 33362357 915605 915605 915605
---------- -------- ------- -------
COLUMN TOTALS 216850262 6496219 6496219 6496219
</TABLE>
<PAGE> 13
FORM 13F 12/31/99
REPORTING MANAGER; LUTHER KING CAPITAL MGMT 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>
MELLON FINL CORP COMMON 58551A108 43401824 1274182 1274182 1274182
MERCK & CO INC COMMON 589331107 52623669 783236 783236 783236
MERIDIAN RESOURCE CORP COMMON 58977Q109 168438 55000 55000 55000
MICROSOFT CORPORATION COMMON 594918104 96899581 829975 829975 829975
MINNESOTA MNG & MFG CO COMMON 604059105 714488 7300 7300 7300
MISSION CRITICAL SOFTWAR COMMON 605047109 5565000 79500 79500 79500
MOBILE MINI INC COMMON 60740F105 9619100 447400 447400 447400
MONSANTO CO COMMON 611662107 14473561 408425 408425 408425
MONTANA POWER CO COMMON 612085100 216375 6000 6000 6000
MONY GROUP INC COMMON 615337102 464081 15900 15900 15900
MOTOROLA INC COMMON 620076109 123469272 838501 838501 838501
NABISCO HLDGS CORP COMMON 629526104 545738 17325 17325 17325
NABORS INDUSTRIES INC COMMON 629568106 11182545 361456 361456 361456
NATIONAL INFO CONSORTIUM COMMON 636491102 5132800 160400 160400 160400
NESTLE S A COMMON 641069406 546690 6000 6000 6000
NETIQ CORP COMMON 64115P102 6830600 131200 131200 131200
NEXTLINK COMMUNICATIONS COMMON 65333H707 4460456 53700 53700 53700
NIKE INC COMMON 654106103 3665147 73950 73950 73950
NOBLE AFFILIATES INC COMMON 654894104 14994824 699467 699467 699467
---------- -------- -------- -------
COLUMN TOTALS 394974188 6248917 6248917 6248917
</TABLE>
<PAGE> 14
FORM 13F 12/31/99
REPORTING MANAGER; LUTHER KING CAPITAL MGMT 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>
NOKIA CORP COMMON 654902204 8105827 42425 42425 42425
NOBLE DRILLING CORP COMMON 655042109 11068125 337958 337958 337958
NORTEL NETWORKS CORP COMMON 656569100 129711775 1284275 1284275 1284275
NORTH FACE INC COMMON 659317101 243750 60000 60000 60000
NORTHERN TRUST CORP COMMON 665859104 28524600 538200 538200 538200
OCCIDENTAL PETROLEUM COR COMMON 674599105 268150 12400 12400 12400
OCEAN ENERGY INC TEX COMMON 67481E106 193471 24964 24964 24964
OFFICE DEPOT INC COMMON 676220106 2631750 239250 239250 239250
OLSTEN CORPORATION COMMON 681385100 164597 14550 14550 14550
OMNICOM GROUP INC COMMON 681919106 930000 9300 9300 9300
ORACLE CORP COMMON 68389X105 58450680 521590 521590 521590
ORGANOGENESIS INC COMMON 685906109 534281 61500 61500 61500
PSW TECHNOLOGIES INC COMMON 69364J103 1345781 67500 67500 67500
PARK PL ENTMT CORP COMMON 700690100 8333125 666650 666650 666650
PATTERSON DENTAL CO COMMON 703412106 8482375 199000 199000 199000
PAWNMART INC COMMON 704157106 100000 50000 50000 50000
PAWNMART INC COMMON 704157106 100000 50000(W) 50000 50000
PAWNMART INC COMMON 704157106 100000 50000(W) 50000 50000
PEPSICO INC COMMON 713448108 73004477 2071049 2071049 2071049
---------- -------- -------- -------
COLUMN TOTALS 332292763 6300611 6300611 6300611
</TABLE>
<PAGE> 15
FORM 13F 12/31/99
REPORTING MANAGER; LUTHER KING CAPITAL MGMT 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>
PETROLEUM GEO-SVCS A/S COMMON 716597109 11170219 627100 627100 627100
PETSMART INC COMMON 716768106 86250 15000 15000 15000
PHARMACIA & UPJOHN INC COMMON 716941109 48611970 1080266 1080266 1080266
PFIZER INC COMMON 717081103 16078036 495662 495662 495662
PHILIP MORRIS COS INC COMMON 718154107 8456778 367686 367686 367686
PIERCE LEAHY CORP COMMON 720722107 562250 13000 13000 13000
PINNACLE HLDGS INC COMMON 72346N101 5254500 124000 124000 124000
PRENTISS PPTYS TR COMMON 740706106 1677938 78500 78500 78500
PRIME MED SVCS INC NEW COMMON 74156D108 3056875 335000 335000 335000
PROCTER & GAMBLE COMPANY COMMON 742718109 45038624 411077 411077 411077
PROLOGIS TR COMMON 743410102 369927 19217 19217 19217
PROVIDIAN FINL CORP COMMON 74406A102 4817206 52900 52900 52900
QUEST ED CORP COMMON 74835F102 1347500 154000 154000 154000
RADISYS CORP COMMON 750459109 4475250 87750 87750 87750
RAILAMERICA INC COMMON 750753105 11199750 1308000 1308000 1308000
RAILTEX INC COMMON 750766107 983125 55000 55000 55000
RAILAMERICA PFD CV 750990202 875000 28000 28000 28000
READERS DIGEST ASSN INC COMMON 755267101 12717900 434800 434800 434800
RELIANCE STEEL & ALUMINU COMMON 759509102 6389648 272625 272625 272625
---------- -------- -------- -------
COLUMN TOTALS 183168746 5959583 5959583 5959583
</TABLE>
<PAGE> 16
FORM 13F 12/31/99
REPORTING MANAGER; LUTHER KING CAPITAL MGMT 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>
REPUBLIC SVCS INC COMMON 760759100 16450200 1154400 1154400 1154400
ROYAL DUTCH PETE CO COMMON 780257804 2393309 39518 39518 39518
SBC COMMUNICATIONS INC COMMON 78387G103 7788056 159755 159755 159755
SABINE ROYALTY TR COMMON 785688102 135437 10079 10079 10079
SAGA COMMUNICATIONS COMMON 786598102 2226655 109958 109958 109958
ST JOE CO COMMON 790148100 8664975 356400 356400 356400
SAKS INC COMMON 79377W108 14770945 949137 949137 949137
SANCHEZ COMPUTER ASSOCS COMMON 799702105 1293288 31400 31400 31400
SANTA FE SNYDER CORP COMMON 80218K105 2214000 276750 276750 276750
SARA LEE CORPORATION COMMON 803111103 1614975 73200 73200 73200
SCHERING-PLOUGH CORP COMMON 806605101 111430402 2629626 2629626 2629626
SCHLUMBERGER LIMITED COMMON 806857108 54450174 970159 970159 970159
SCIENTIFIC ATLANTA INC COMMON 808655104 14097263 252300 252300 252300
SCOTT TECHNOLOGIES INC COMMON 810022301 5587000 296000 296000 296000
SEAGRAM COMPANY LIMITED COMMON 811850106 635450 14200 14200 14200
SHERWIN-WILLIAMS CO COMMON 824348106 27150354 1292874 1292874 1292874
SHOP AT HOME INC COMMON 825066301 1570125 158000 158000 158000
SIMMONS 1ST NATL CORP COMMON 828730200 221000 8840 8840 8840
SMITH INTL INC COMMON 832110100 4350141 87550 87550 87550
---------- -------- ------- -------
COLUMN TOTALS 277043746 8870146 8870146 8870146
</TABLE>
<PAGE> 17
FORM 13F 12/31/99
REPORTING MANAGER; LUTHER KING CAPITAL MGMT 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>
SMITHKLINE BEECHAM PLC COMMON 832378301 63289131 986965 986965 986965
SONICWALL INC COMMON 835470105 253575 6300 6300 6300
SOUTHERN UN CO NEW COMMON 844030106 1172420 61303 61303 61303
SOUTHWEST AIRLS CO COMMON 844741108 210431 13050 13050 13050
SPRINT CORP COMMON 852061100 292136 4340 4340 4340
STANCORP FINL GROUP INC COMMON 852891100 2911675 115600 115600 115600
STATE STREET BOSTON CORP COMMON 857477103 1788205 24475 24475 24475
STORAGE USA INC COMMON 861907103 1043625 34500 34500 34500
SUN MICROSYSTEMS INC COMMON 866810104 13131077 169570 169570 169570
SUNGARD DATA SYSTEMS INC COMMON 867363103 9041150 380680 380680 380680
SWIFT TRANSN CO COMMON 870756103 3886313 220500 220500 220500
SYBRON CORPORATION COMMON 87114F106 53066670 2149536 2149536 149536
SYSCO CORPORATION COMMON 871829107 9783806 247300 247300 247300
TJ INTERNATIONAL INC COMMON 872534102 2310000 55000 55000 55000
TACO CABANA INC COMMON 873425102 2194563 270100 270100 270100
TANDY CORP COMMON 875382103 21042413 427800 427800 427800
TEKELEC COMMON 879101103 1496250 66500 66500 66500
TELEFONOS DE MEXICO S A COMMON 879403780 225000 2000 2000 2000
TELIGENT INC COMMON 87959Y103 216125 3500 3500 3500
---------- -------- ------- -------
COLUMN TOTALS 187354563 5239019 5239019 5239019
</TABLE>
<PAGE> 18
FORM 13F 12/31/99
REPORTING MANAGER; LUTHER KING CAPITAL MGMT 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>
TEVA PHARMACEUTICAL INDS COMMON 881624209 22285852 310875 310875 310875
TEXACO INC COMMON 881694103 9608859 176918 176918 176918
TEXAS INDUSTRIES INC COMMON 882491103 1254865 29482 29482 29482
TEXAS INSTRS INC COMMON 882508104 975913 10100 10100 10100
TEXAS REGL BANCSHARES IN COMMON 882673106 9788950 337550 337550 337550
TIFFANY & CO NEW COMMON 886547108 2213400 24800 24800 24800
TRACTOR SUPPLY CO COMMON 892356106 8299200 518700 518700 518700
TRIAD HOSPITALS INC COMMON 89579K109 952875 63000 63000 63000
TRIBUNE 2% 5/15/29 PFD CV 896047305 6207008 37790 37790 37790
TUESDAY MORNING CORP COMMON 899035505 1843750 100000 100000 100000
TYCO INTL LTD NEW COMMON 902124106 43487730 1115070 1115070 115070
TYLER TECHNOLOGIES INC COMMON 902252105 590150 107300 107300 107300
UCAR INTL INC COMMON 90262K109 2182031 122500 122500 122500
U S FOODSERVICE COMMON 90331R101 15952700 952400 952400 952400
UNION PACIFIC CORP COMMON 907818108 2914481 66712 66712 66712
UNION PAC RES GROUP INC COMMON 907834105 148652 11659 11659 11659
UNITED PARCEL SERVICE IN COMMON 911312106 15745800 228200 228200 228200
UNITED STATES FILTER COR COMMON 911843209 730800 23200 23200 23200
UROCOR INC COMMON 91727P105 48692 11628 11628 11628
---------- -------- ------- -------
COLUMN TOTALS 145231707 4247884 4247884 4247884
</TABLE>
<PAGE> 19
FORM 13F 12/31/99
REPORTING MANAGER; LUTHER KING CAPITAL MGMT 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>
VARCO INTL INC COMMON 922126107 1278531 125500 125500 125500
VASTAR RES INC COMMON 922380100 1062000 18000 18000 18000
VENATOR GROUP INC COMMON 922944103 6711250 958750 958750 958750
VINTAGE PETE INC COMMON 927460105 352225 29200 29200 29200
VODAFONE AIRTOUCH PLC COMMON 92857T107 7887330 159340 159340 159340
WAL-MART STORES INC COMMON 931142103 33761894 488418 488418 488418
WALGREEN CO COMMON 931422109 17375963 594050 594050 594050
WARNER LAMBERT COMPANY COMMON 934488107 483431 5900 5900 5900
WASTE MGMT INC DEL COMMON 94106L109 13620338 792456 792456 792456
WEATHERFORD INTL INC COMMON 947074100 4359977 109170 109170 109170
WELLS FARGO & CO NEW COMMON 949746101 74173455 1834274 1834274 834274
WESLEY JESSEN VISIONCARE COMMON 951018100 1439250 38000 38000 38000
WESTWOOD ONE INC COMMON 961815107 3556800 46800 46800 46800
WEYERHAEUSER CO. COMMON 962166104 17433490 242764 242764 242764
WHITE CAP INDS CORP COMMON 963505102 1410000 94000 94000 94000
WILLAMETTE INDS INC COMMON 969133107 5964897 128450 128450 128450
WILLIAMS COMMUNICATIONS COMMON 969455104 535344 18500 18500 18500
WIND RIVER SYSTEMS INC COMMON 973149107 1161013 31700 31700 31700
YAHOO INC COMMON 984332106 200473 463 463 463
---------- ------- ------- -------
COLUMN TOTALS 192767659 5715735 5715735 5715735
</TABLE>
<PAGE> 20
FORM 13F 12/31/99
REPORTING MANAGER; LUTHER KING CAPITAL MGMT 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>
YOUNG BROADCASTING INC COMMON 987434107 2958000 58000 58000 58000
INTELLIGENT POLYMERS LTD COMMON G48029105 5125500 153000 153000 153000
KNIGHTSBRIDGE TANKERS LT COMMON G5299G106 164700 12200 12200 12200
TRANSOCEAN SEDCO FOREX I COMMON G90078109 6327280 187822 187822 187822
STOLT COMEX SEAWAY SA COMMON L8873E103 2032181 183700 183700 183700
VOCALTEC COMMUNICATIONS COMMON M97601104 2596250 155000 155000 155000
---------- --------- --------- ---------
COLUMN TOTALS 19203911 749722 749722 749722
---------- --------- --------- ---------
REPORT TOTALS 4830072851 130624481 130624481 130624481
========== ========= ========= =========
</TABLE>
