SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 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 Oct. 6, 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: 103
Form 13F Information Table Value Total: $908,935
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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 13,002 353,783 X 332,985 20,798
Allied Signal Inc. Common 019512102 10,762 179,550 X 168,100 11,450
Alltel Corp. Common 020039103 250 3,556 X 3,556
Ambac Fin. Grp. Common 023139108 6,505 137,302 X 136,650 652
Amer. Home Prod. Common 026609107 1,345 32,410 X 31,720 690
Amer. Int'l Grp. Common 026874107 8,328 95,798 X 89,397 6,401
Ameritech Corp. Common 030954101 10,579 157,450 X 140,950 16,500
Amgen, Inc. Common 031162100 2,345 28,770 X 28,300 470
Anchor BanCorp. Common 032839102 325 20,000 X 20,000
Anheuser Busch Co. Common 035229103 1,100 15,700 X 15,500 200
Applied Materials Common 038222105 10,938 140,450 X 128,900 11,550
AT&T Corp. Common 001957109 14,537 334,191 X 319,024 15,167
AT&T Liberty Media Class A Common 001957208 18,314 493,316 X 466,284 27,032
Automatic Data ProcesCommon 053015103 469 10,506 X 10,406 100
Avery Dennison Common 053611109 1,767 33,507 X 33,175 332
Banc One Corp. Common 059438101 727 20,888 X 20,888
Bank of America Common 060505104 414 7,425 X 7,425
Baxter Intl. Common 071813109 15,820 262,580 X 244,755 17,825
Boeing Co. Common 097023105 428 10,030 X 10,030
Borders Group Common 099709107 441 30,000 X 30,000
Bristol Myers Squib Common 110122108 36,353 538,557 X 499,185 39,372
C V S Corp. Common 126650100 18,752 459,471 X 427,455 32,016
Cendant Corp. Common 151313103 22,189 1,250,103 X 1,160,930 89,173
Century Telephone Common 156686107 15,378 378,530 X 351,480 27,050
Chase Manhattan Common 16161A108 13,528 179,475 X 166,325 13,150
Cisco Systems Common 17275R102 27,452 400,400 X 369,350 31,050
Citigroup Inc. Common 172967101 17,146 389,674 X 362,790 26,884
Clorox Company Common 189054109 603 15,770 X 15,270 500
Coca Cola Co. Common 191216100 7,668 158,918 X 148,070 10,848
Colgate Palmolive Common 194162103 1,596 34,889 X 34,325 564
Computer Assoc. Common 204912109 1,161 18,987 X 18,787 200
Computer Sciences Common 205363104 463 6,600 X 6,600
Compuware Corp. Common 205638109 13,197 506,375 X 468,675 37,700
Corning, Inc. Common 219350105 466 6,790 X 6,790
Costco Companies Common 22160Q102 7,596 105,500 X 93,800 11,700
D S T Systems Common 233326107 995 17,500 X 17,300 200
Dayton Hudson Corp. Common 239753106 22,591 376,132 X 348,100 28,032
Dell Computers Common 247025109 15,423 368,850 X 337,825 31,025
Dial Corp. Common 25247D101 1,210 47,450 X 47,300 150
DuPont E I DeNemours Common 263534109 751 12,328 X 11,980 348
Electronic Data SysteCommon 285661104 590 11,140 X 11,040 100
EMC Corp. Common 268648102 14,239 199,324 X 183,660 15,664
Enron Corp. Common 293561106 3,746 90,800 X 90,200 600
Fannie Mae Common 313586109 7,070 112,777 X 112,259 518
First Data Corp. Common 319963104 21,372 487,113 X 460,241 26,872
Fiserv, Inc. Common 337738108 793 24,410 X 24,410
General Electric Common 369604103 32,176 271,381 X 253,215 18,166
Gillette Co. Common 375766102 8,692 256,120 X 242,122 13,998
GTE Corp. Common 362320103 4,105 53,400 X 53,250 150
Heinz, H.J. Co. Common 423074103 482 11,200 X 10,975 225
Home Depot Inc. Common 437076102 11,939 173,973 X 163,425 10,548
Household Intl. Common 441815107 10,296 256,600 X 241,100 15,500
Inacom Corp. Common 45323G109 138 15,000 X 15,000
Intel Corp Common 458140100 22,555 303,518 X 280,970 22,548
Intl. Business Mach. Common 459200101 14,477 119,400 X 110,275 9,125
Intl. Game Tech. Common 459902102 745 41,391 X 41,125 266
Johnson & Johnson Common 478160104 869 9,450 X 9,450
Kroger Co. Common 501044101 20,144 913,032 X 849,700 63,332
Lauder, Estee Co. Class A 518439104 482 12,350 X 12,200 150
Lilly Eli & Co. Common 532457108 31,726 495,717 X 458,185 37,532
Lucent Technologies Common 549463107 2,072 31,945 X 21,047 10,898
M G I C Investment Common 552848103 640 13,409 X 13,309 100
Marshall & Ilsley Common 571834100 476 8,350 X 8,350
MBNA Corporation Common 55262L100 9,379 411,125 X 387,125 24,000
Mc Donalds Corp. Common 580135101 1,445 33,600 X 33,250 350
MCI Worldcom, Inc. Common 552673105 2,122 29,525 X 29,019 506
Media One Group Common 58440J104 15,671 229,400 X 212,500 16,900
Medtronic, Inc. Common 585055106 621 17,450 X 17,450
Merck & Co. Inc. Common 589331107 21,600 333,265 X 309,465 23,800
Microsoft Corp. Common 594918104 24,681 272,525 X 252,275 20,250
Monsanto Co. Common 611662107 729 20,425 X 20,325 100
Motorola Inc. Common 620076109 8,906 101,200 X 94,300 6,900
Nabisco Hldgs. Corp. Class A 629526104 715 20,690 X 20,690
Nortel Networks Common 665815106 22,945 449,898 X 438,156 11,742
Oracle Corp. Common 68389X105 11,219 246,561 X 230,036 16,525
Paychex Inc. Common 704326107 8,107 237,562 X 212,112 25,450
Peoplesoft Common 712713106 391 23,075 X 23,075
Pepsico, Inc. Common 713448108 14,121 466,802 X 431,934 34,868
Pfizer, Inc. Common 717081103 22,398 624,335 X 585,064 39,271
Phillips Petroleum Common 718507106 14,852 304,650 X 277,700 26,950
Pioneer Hi Bred Intl.Common 723686101 216 5,425 X 5,425
Precision Castparts CCommon 740189105 238 7,790 X 7,790
Proctor & Gamble Co. Common 742718109 15,926 169,882 X 157,400 12,482
Ralston Purina Co. Com Ral-Pur GP 751277302 1,100 39,450 X 38,975 475
Royal Dutch Petro. NY reg Gld1.25 780257804 3,515 59,516 X 58,950 566
Sara Lee Corp. Common 803111103 14,784 632,457 X 587,675 44,782
SBC Comm. Inc. Common 78387G103 6,557 128,416 X 127,816 600
Schering Plough Common 806605101 12,165 278,854 X 263,304 15,550
Schlumberger Ltd. Common 806857108 3,595 57,698 X 57,450 248
Seagate Technology Common 811804103 30,964 1,004,925 X 937,875 67,050
Sherwim Williams Common 824348106 9,130 436,075 X 404,125 31,950
Sybron Corp. Common 87114F106 570 21,220 X 21,120 100
Texas Instruments Common 882508104 9,451 114,900 X 106,375 8,525
Time Warner, Inc. Common 887315109 10,072 165,800 X 153,450 12,350
Tyco Intl. Ltd. Common 902124106 25,536 247,326 X 233,476 13,850
U.S. Industries Inc. Common 912080108 2,284 145,044 X 143,957 1,087
Walgreen Co. Common 931422109 1,612 63,510 X 63,060 450
Walmart Stores, Inc. Common 931142103 556 11,700 X 11,600 100
Walt Disney Co. Common 254687106 12,521 481,573 X 452,225 29,348
Warner-Lambert Co. Common 934488107 466 7,025 X 7,025
Washington Mutual Common 939322103 13,255 453,175 X 425,975 27,200
Xerox Corp. Common 984121103 1,422 33,911 X 33,405 506
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