SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2000
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 Apr. 14, 2000
[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: 105
Form 13F Information Table Value Total: $1,117,506
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FORM 13F INFORMATION TABLE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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 1,298 36,894 SOLE 35,746 1,148
Alltel Corp. Common 020039103 229 3,626 SOLE 3,626
Ambac Fin. Grp. Common 023139108 2,726 54,175 SOLE 53,725 450
Amer. Home Prod. Common 026609107 1,334 24,870 SOLE 24,570 300
Amer. Int'l Grp. Common 026874107 999 9,119 SOLE 8,897 222
Amgen, Inc. Common 031162100 1,719 28,000 SOLE 27,500 500
AMR Corporation Common 001765106 8,709 273,225 SOLE 250,000 23,225
Anchor BanCorp. Common 032839102 318 20,000 SOLE 20,000
Anheuser Busch Co. Common 035229103 984 15,800 SOLE 15,400 400
Apple Computer Inc. Common 037833100 5,857 43,125 SOLE 43,125
Applied Materials Common 038222105 22,092 234,393 SOLE 216,968 17,425
AT&T Corp. Common 001957109 30,439 539,944 SOLE 501,477 38,467
AT&T Liberty Media Class A Common 001957208 25,749 434,129 SOLE 405,447 28,682
Automatic Data Proc Common 053015103 527 10,876 SOLE 10,511 365
Avery Dennison Common 053611109 274 4,492 SOLE 4,210 282
Banc One Corp. Common 059438101 691 20,090 SOLE 20,090
Baxter Intl. Common 071813109 16,259 259,359 SOLE 239,009 20,350
Boeing Co. Common 097023105 332 8,755 SOLE 8,755
Borders Group Common 099709107 516 30,000 SOLE 30,000
Bristol Myers Squib Common 110122108 39,648 679,924 SOLE 626,947 52,977
Cardinal Health Inc. Common 14149Y108 28,127 613,125 SOLE 564,350 48,775
Cendant Corp. Common 151313103 23,546 1,272,738 SOLE 1,184,815 87,923
Century Telephone Common 156686107 624 16,816 SOLE 16,566 250
Chase Manhattan Common 16161A108 13,198 151,373 SOLE 136,523 14,850
Chevron Corp. Common 166751107 18,337 198,375 SOLE 180,850 17,525
Cisco Systems Common 17275R102 26,188 338,726 SOLE 297,726 41,000
Citigroup Inc. Common 172967101 30,870 520,470 SOLE 476,786 43,684
Coca Cola Co. Common 191216100 15,005 319,690 SOLE 296,270 23,420
Colgate Palmolive Common 194162103 1,898 33,675 SOLE 33,125 550
Computer Assoc. Common 204912109 635 10,737 SOLE 10,587 150
Computer Sciences Common 205363104 394 4,975 SOLE 4,825 150
Compuware Corp. Common 205638109 511 24,260 SOLE 24,050 210
Corning, Inc. Common 219350105 1,019 5,250 SOLE 5,250
Costco Companies Common 22160Q102 10,594 201,550 SOLE 184,700 16,850
D S T Systems Common 233326107 2,026 31,200 SOLE 30,550 650
Dial Corp. Common 25247D101 1,099 79,925 SOLE 79,125 800
Electronic Data Sys Common 285661104 689 10,740 SOLE 10,640 100
EMC Corp. Common 268648102 12,839 102,914 SOLE 95,050 7,864
Enron Corp. Common 293561106 696 9,300 SOLE 8,900 400
Exxon Mobil Common 30231G102 211 2,708 SOLE 2,708
Fannie Mae Common 313586109 28,122 498,283 SOLE 456,615 41,668
First Data Corp. Common 319963104 26,398 596,561 SOLE 551,345 45,216
Fiserv, Inc. Common 337738108 891 23,960 SOLE 23,960
General Electric Common 369604103 52,517 338,412 SOLE 311,596 26,816
Gillette Co. Common 375766102 481 12,771 SOLE 12,422 349
Halliburton Co. Common 406216101 734 17,900 SOLE 17,900
Heinz, H.J. Co. Common 423074103 442 12,675 SOLE 12,625 50
Home Depot Inc. Common 437076102 13,362 206,364 SOLE 190,843 15,521
Honeywell Intl. Common 438506107 285 5,400 SOLE 5,400
Household Intl. Common 441815107 294 7,879 SOLE 7,729 150
Intel Corp Common 458140100 45,497 344,837 SOLE 318,191 26,646
Intl. Business Mach. Common 459200101 1,287 10,906 SOLE 10,806 100
Intl. Game Tech. Common 459902102 663 30,558 SOLE 30,425 133
Johnson & Johnson Common 478160104 603 8,600 SOLE 8,525 75
Kimberly Clark Common 494368103 17,532 313,070 SOLE 288,220 24,850
Kroger Co. Common 501044101 20,197 1,149,991 SOLE 1,049,109 100,882
Lauder, Estee Co. Class A 518439104 567 11,325 SOLE 11,175 150
Lilly Eli & Co. Common 532457108 1,805 28,816 SOLE 28,691 125
M G I C Investment Common 552848103 587 13,459 SOLE 13,409 50
Marshall & Ilsley Common 571834100 384 6,650 SOLE 6,650
Masco Corp. Common 574599106 12,392 563,275 SOLE 515,125 48,150
MBNA Corporation Common 55262L100 19,946 782,199 SOLE 723,249 58,950
Mc Donalds Corp. Common 580135101 1,203 32,015 SOLE 31,400 615
MCI Worldcom, Inc. Common 552673105 2,434 53,705 SOLE 51,835 1,870
Media One Group Common 58440J104 2,352 29,034 SOLE 28,684 350
Medtronic, Inc. Common 585055106 910 17,700 SOLE 17,300 400
Merck & Co. Inc. Common 589331107 26,099 420,099 SOLE 391,549 28,550
Microsoft Corp. Common 594918104 51,339 483,192 SOLE 445,192 38,000
Motorola Inc. Common 620076109 17,410 122,280 SOLE 113,705 8,575
Nabisco Hldgs. Corp Class A 629526104 606 18,800 SOLE 18,800
Nabisco Group Hldg Common 62952P102 847 70,600 SOLE 69,600 1,000
Nortel Networks Common 665815106 25,587 203,070 SOLE 196,873 6,197
Oracle Corp. Common 68389X105 23,591 302,206 SOLE 279,106 23,100
Pepsico, Inc. Common 713448108 3,297 95,401 SOLE 93,658 1,743
Pfizer, Inc. Common 717081103 21,599 590,742 SOLE 549,546 41,196
Pharmacia Corp. Common 71713U102 467 9,075 SOLE 8,975 100
Phillips Petroleum Common 718507106 721 15,582 SOLE 14,532 1,050
Praxair Inc. Common 74005P104 13,501 324,350 SOLE 291,100 33,250
Proctor & Gamble Co. Common 742718109 11,461 203,745 SOLE 189,533 14,212
Qualcomm Inc. Common 747525103 13,453 90,100 SOLE 83,375 6,725
Ralston Purina Co. Com Ral-Pur GP 751277302 29,434 1,075,217 SOLE 990,042 85,175
Royal Dutch Petro. NY reg Gld1.25 780257804 840 14,468 SOLE 14,202 266
Sabre Holdings Class A 785905100 9,024 247,229 SOLE 229,598 17,631
Safeway Stores Inc. Common 786514208 844 18,655 SOLE 18,400 255
SBC Comm. Inc. Common 78387G103 256 6,071 SOLE 5,874 197
Schlumberger Ltd. Common 806857108 10,557 138,005 SOLE 132,457 5,548
Seagate Technology Common 811804103 23,314 386,950 SOLE 363,050 23,900
Solectron Corp. Common 834182107 13,644 340,025 SOLE 312,725 27,300
Sprint Corp. Com fon group 852061100 14,933 237,025 SOLE 217,675 19,350
Sun Microsystems Common 866810104 16,725 178,491 SOLE 164,191 14,300
Target Corp. Common 87612E106 26,027 348,181 SOLE 323,049 25,132
Texas Instruments Common 882508104 17,335 108,344 SOLE 99,769 8,575
Time Warner, Inc. Common 887315109 38,425 388,127 SOLE 355,342 32,785
Tyco Intl. Ltd. Common 902124106 388 7,770 SOLE 7,650 120
U.S. Industries Inc. Common 912080108 2,320 209,713 SOLE 208,576 1,137
U S West Inc. Common 91273H101 13,557 186,677 SOLE 169,977 16,700
USG Corporation Common 903293405 3,152 75,150 SOLE 73,550 1,600
Walgreen Co. Common 931422109 15,201 590,335 SOLE 547,135 43,200
Walmart Stores, Inc. Common 931142103 624 11,225 SOLE 10,450 775
Walt Disney Co. Common 254687106 412 9,950 SOLE 9,450 500
Warner-Lambert Co. Common 934488107 14,698 150,750 SOLE 140,550 10,200
Washington Mutual Common 939322103 15,343 574,900 SOLE 522,625 52,275
Williams Co. Inc. Common 969457100 25,583 582,250 SOLE 540,575 41,675
Xerox Corp. Common 984121103 11,457 440,640 SOLE 407,740 32,900
Yahoo! Corp. Common 984332106 2,344 13,675 SOLE 13,675
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