SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 1999
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: Northern Capital Management
Address: 8018 Excelsior Drive, Suite 300
Madison, WI 53717
Form 13F File Number: 28-1245
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: Stephen L. Hawk
Title: Chairman and Chief Executive Officer
Phone: (608) 831-8018
Signature, Place, and Date of Signing:
Stephen L. Hawk Madison, WI June 30, 1999
[Signature] [City, State] [Date]
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager: NONE
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: NONE
Form 13F Information Table Entry Total: 104
Form 13F Information Table Value Total: $968,909
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FORM 13F INFORMATION TABLE
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VALUE SHARES/ INVESTMENT - - -VOTING AUTHORITY - - -
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT DISCRETION MNGR SOLE SHARED NONE
- -------------------- -------------- --------- -------- --------- ---------- ---- --------- -------- --------
Abbott Lab. Common 002824100 22,253 489,068 SOLE 455,070 33,998
Alltel Corp. Common 020039103 254 3,556 SOLE 3,556
Ambac Fin. Grp. Common 023139108 8,158 142,817 SOLE 142,165 652
Amer. Home Prod. Common 026609107 1,976 34,360 SOLE 33,670 690
Amer. Int'l Grp. Common 026874107 9,091 77,660 SOLE 72,538 5,122
Ameritech Corp. Common 030954101 14,424 196,250 SOLE 175,850 20,400
Amgen, Inc. Common 031162100 2,302 37,815 SOLE 37,125 690
Anchor BanCorp. Common 032839102 356 20,000 SOLE 20,000
Anheuser Busch Co. Common 035229103 1,233 17,375 SOLE 17,175 200
AT&T Corp. Common 001957109 24,234 435,660 SOLE 410,471 25,189
AT&T Liberty Media Class A Common 001957208 21,796 593,092 SOLE 558,810 34,282
Automatic Data Proc. Common 053015103 464 10,556 SOLE 10,456 100
Avery Dennison Common 053611109 12,835 212,592 SOLE 198,460 14,132
Banc One Corp. Common 059438101 1,248 20,951 SOLE 20,951
Bank of America Common 060505104 5,269 71,875 SOLE 71,325 550
Baxter Intl. Common 071813109 17,703 292,005 SOLE 271,480 20,525
Bestfoods Common 08658U101 15,544 314,025 SOLE 288,825 25,200
Boeing Co. Common 097023105 14,329 325,205 SOLE 304,705 20,500
Borders Group Common 099709107 474 30,000 SOLE 30,000
Bristol Myers Squib Common 110122108 38,555 548,832 SOLE 508,860 39,972
C V S Corp. Common 126650100 16,903 330,621 SOLE 307,105 23,516
Cendant Corp. Common 151313103 25,892 1,263,003 SOLE 1,173,730 89,273
Century Telephone Common 156686107 12,692 319,300 SOLE 297,700 21,600
Chase Manhattan Common 16161A108 15,775 182,375 SOLE 169,225 13,150
Cisco Systems Common 17275R102 497 7,700 SOLE 7,700
Citigroup Inc. Common 172967101 21,395 450,416 SOLE 423,427 26,989
Clorox Company Common 189054109 15,761 149,660 SOLE 138,385 11,275
Coca Cola Co. Common 191216100 10,087 161,393 SOLE 150,545 10,848
Colgate Palmolive Common 194162103 1,936 19,657 SOLE 19,375 282
Compaq Computer Common 204493100 271 11,487 SOLE 11,355 132
Computer Assoc. Common 204912109 1,068 19,412 SOLE 19,212 200
Computer Sciences Common 205363104 548 7,923 SOLE 7,450 473
Conagra, Inc. Common 205887102 213 8,006 SOLE 8,006
Corning, Inc. Common 219350105 851 12,140 SOLE 12,140
Costco Companies Common 22160Q102 10,034 125,325 SOLE 111,725 13,600
D S T Systems Common 233326107 1,418 22,550 SOLE 22,350 200
Dayton Hudson Corp. Common 239753106 27,145 417,612 SOLE 389,580 28,032
Dell Computers Common 247025109 11,679 315,650 SOLE 291,725 23,925
Dial Corp. Common 25247D101 1,838 49,425 SOLE 49,275 150
DuPont E I DeNemours Common 263534109 12,345 180,878 SOLE 170,080 10,798
Electronic Data Sys. Common 285661104 716 12,665 SOLE 12,565 100
EMC Corp. Common 268648102 11,809 214,224 SOLE 197,310 16,914
Enron Corp. Common 293561106 3,767 46,075 SOLE 45,675 400
Fannie Mae Common 313586109 14,079 205,912 SOLE 195,294 10,618
First Data Corp. Common 319963104 33,296 680,369 SOLE 633,797 46,572
Fiserv, Inc. Common 337738108 771 24,635 SOLE 24,635
Fort James Corp. Common 347471104 12,895 340,475 SOLE 317,275 23,200
General Electric Common 369604103 30,078 266,181 SOLE 250,365 15,816
Gillette Co. Common 375766102 14,212 346,645 SOLE 323,247 23,398
GTE Corp. Common 362320103 3,968 52,425 SOLE 52,275 150
Heinz, H.J. Co. Common 423074103 649 12,950 SOLE 12,725 225
Hercules Inc. Common 427056106 337 8,568 SOLE 8,568
Hewlett Packard Common 428236103 291 2,900 SOLE 2,900
Home Depot Inc. Common 437076102 11,349 176,123 SOLE 165,575 10,548
Household Intl. Common 441815107 18,241 385,025 SOLE 356,325 28,700
Inacom Corp. Common 45323G109 189 15,000 SOLE 15,000
Intel Corp Common 458140100 22,055 370,668 SOLE 341,570 29,098
Intl. Business Mach. Common 459200101 4,872 37,695 SOLE 37,595 100
Intl. Game Tech. Common 459902102 745 40,291 SOLE 40,025 266
Johnson & Johnson Common 478160104 908 9,500 SOLE 9,500
Kroger Co. Common 501044101 17,040 609,932 SOLE 566,050 43,882
Lauder, Estee Co. Class A 518439104 880 17,550 SOLE 17,400 150
Lilly Eli & Co. Common 532457108 26,864 375,067 SOLE 345,410 29,657
Lucent Technologies Common 549463107 17,771 263,512 SOLE 235,514 27,998
M G I C Investment Common 552848103 629 13,409 SOLE 13,309 100
Marriott Intl. Common 571900109 389 10,420 SOLE 10,270 150
Marshall & Ilsley Common 571834100 538 8,350 SOLE 8,350
Masco Corp. Common 574599106 474 16,416 SOLE 16,150 266
MBNA Corporation Common 55262L100 11,009 359,485 SOLE 337,237 22,248
Mc Donalds Corp. Common 580135101 1,400 33,900 SOLE 33,550 350
MCI Worldcom, Inc. Common 552673105 2,812 32,601 SOLE 31,829 772
Media One Group Common 58440J104 2,440 32,800 SOLE 32,550 250
Medtronic, Inc. Common 585055106 1,008 12,950 SOLE 12,950
Merck & Co. Inc. Common 589331107 18,742 253,265 SOLE 234,765 18,500
Microsoft Corp. Common 594918104 30,519 338,440 SOLE 313,600 24,840
Mobil Corp. Common 607059102 634 6,400 SOLE 6,400
Monsanto Co. Common 611662107 811 20,575 SOLE 20,475 100
Motorola Inc. Common 620076109 18,043 190,425 SOLE 174,275 16,150
Nabisco Hldgs. Corp. Class A 629526104 895 20,820 SOLE 20,820
Nortel Networks Common 665815106 25,781 296,974 SOLE 288,153 8,821
Oracle Corp. Common 68389X105 16,595 446,998 SOLE 416,973 30,025
Peoplesoft Common 712713106 508 29,456 SOLE 29,090 366
Pepsico, Inc. Common 713448108 1,759 45,477 SOLE 44,709 768
Pfizer, Inc. Common 717081103 17,162 156,370 SOLE 147,413 8,957
Pioneer Hi Bred Int. Common 723686101 365 9,475 SOLE 9,275 200
Precision Castparts Common 740189105 344 8,090 SOLE 7,940 150
Proctor & Gamble Co. Common 742718109 1,020 11,557 SOLE 11,325 232
Ralston Purina Co. Com Ral-Pur GP 751277302 2,086 68,523 SOLE 67,650 873
Royal Dutch Petro. NY reg Gld1.25 780257804 11,977 198,791 SOLE 193,075 5,716
Sara Lee Corp. Common 803111103 19,693 868,007 SOLE 812,425 55,582
SBC Comm. Inc. Common 78387G103 7,478 128,934 SOLE 128,334 600
Schering Plough Common 806605101 25,760 486,029 SOLE 448,379 37,650
Schlumberger Ltd. Common 806857108 3,694 57,998 SOLE 57,750 248
Sybron Corp. Common 87114F106 561 20,370 SOLE 20,270 100
Time Warner, Inc. Common 887315109 12,172 169,350 SOLE 157,000 12,350
Tyco Intl. Ltd. Common 902124106 33,155 349,926 SOLE 325,426 24,500
U.S. Industries Inc. Common 912080108 2,815 165,612 SOLE 163,793 1,819
Walgreen Co. Common 931422109 1,874 64,190 SOLE 63,740 450
Walmart Stores, Inc. Common 931142103 565 11,700 SOLE 11,600 100
Walt Disney Co. Common 254687106 13,933 461,548 SOLE 432,400 29,148
Warner-Lambert Co. Common 934488107 486 7,025 SOLE 7,025
Washington Mutual Common 939322103 14,296 402,000 SOLE 375,800 26,200
Waste Management Common 94106K101 13,787 256,501 SOLE 239,601 16,900
Xerox Corp. Common 984121103 2,072 35,086 SOLE 34,380 706
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