SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 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 Jan. 3, 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: 103
Form 13F Information Table Value Total: $1,076,353
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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 19,236 529,726 SOLE 493,878 35,848
Alltel Corp. Common 020039103 289 3,496 SOLE 3,496
Ambac Fin. Grp. Common 023139108 2,937 56,270 SOLE 55,650 620
Amer. Home Prod. Common 026609107 1,113 28,360 SOLE 27,820 540
Amer. Int'l Grp. Common 026874107 11,367 105,130 SOLE 95,981 9,149
Amgen, Inc. Common 031162100 3,297 54,890 SOLE 53,750 1,140
Anchor BanCorp. Common 032839102 303 20,000 SOLE 20,000
Anheuser Busch Co. Common 035229103 1,148 16,200 SOLE 15,800 400
Applied Materials Common 038222105 14,581 115,094 SOLE 107,119 7,975
AT&T Corp. Common 001957109 16,725 329,149 SOLE 312,988 16,161
AT&T Liberty Media Class A Common 001957208 25,401 447,105 SOLE 420,147 26,958
Automatic Data ProcesCommon 053015103 613 11,386 SOLE 11,186 200
Avery Dennison Common 053611109 1,201 16,482 SOLE 16,050 432
Banc One Corp. Common 059438101 678 21,188 SOLE 21,188
Baxter Intl. Common 071813109 16,147 257,059 SOLE 238,409 18,650
Boeing Co. Common 097023105 407 9,830 SOLE 9,830
Borders Group Common 099709107 488 30,000 SOLE 30,000
Bristol Myers Squib Common 110122108 34,422 536,269 SOLE 499,297 36,972
C V S Corp. Common 126650100 20,685 518,757 SOLE 484,541 34,216
Cendant Corp. Common 151313103 23,268 875,963 SOLE 822,090 53,873
Century Telephone Common 156686107 16,587 350,123 SOLE 322,183 27,940
Chase Manhattan Common 16161A108 13,142 169,163 SOLE 155,763 13,400
Cisco Systems Common 17275R102 23,676 221,014 SOLE 199,164 21,850
Citigroup Inc. Common 172967101 28,823 517,584 SOLE 477,700 39,884
Coca Cola Co. Common 191216100 420 7,218 SOLE 7,020 198
Colgate Palmolive Common 194162103 17,196 264,560 SOLE 245,475 19,085
Computer Assoc. Common 204912109 950 13,587 SOLE 13,387 200
Computer Sciences Common 205363104 575 6,075 SOLE 5,925 150
Compuware Corp. Common 205638109 903 24,250 SOLE 24,250
Corning, Inc. Common 219350105 875 6,790 SOLE 6,790
Costco Companies Common 22160Q102 9,844 107,875 SOLE 100,425 7,450
D S T Systems Common 233326107 1,267 16,600 SOLE 16,300 300
Dayton Hudson Corp. Common 239753106 39,813 542,131 SOLE 503,549 38,582
Dell Computers Common 247025109 32,702 641,215 SOLE 596,490 44,725
Dial Corp. Common 25247D101 1,735 71,375 SOLE 70,225 1,150
DuPont E I DeNemours Common 263534109 502 7,623 SOLE 7,525 98
Electronic Data SysteCommon 285661104 722 10,790 SOLE 10,690 100
EMC Corp. Common 268648102 15,652 143,264 SOLE 133,150 10,114
Enron Corp. Common 293561106 872 19,650 SOLE 19,050 600
Exxon Mobil Common 30231G102 218 2,708 SOLE 2,708
Fannie Mae Common 313586109 13,166 210,863 SOLE 195,195 15,668
First Data Corp. Common 319963104 30,650 621,549 SOLE 580,827 40,722
Fiserv, Inc. Common 337738108 964 25,160 SOLE 24,935 225
General Electric Common 369604103 41,585 268,722 SOLE 249,706 19,016
Gillette Co. Common 375766102 627 15,220 SOLE 14,822 398
GTE Corp. Common 362320103 208 2,942 SOLE 2,942
Halliburton Co. Common 406216101 439 10,900 SOLE 10,900
Heinz, H.J. Co. Common 423074103 407 10,225 SOLE 9,950 275
Home Depot Inc. Common 437076102 14,023 204,536 SOLE 190,283 14,253
Honeywell Intl. Common 438506107 14,476 250,946 SOLE 231,896 19,050
Household Intl. Common 441815107 414 11,104 SOLE 10,754 350
Inacom Corp. Common 45323G109 219 30,000 SOLE 30,000
Intel Corp Common 458140100 29,384 356,982 SOLE 332,646 24,336
Intl. Business Mach. Common 459200101 1,181 10,936 SOLE 10,736 200
Intl. Game Tech. Common 459902102 712 35,041 SOLE 34,775 266
Johnson & Johnson Common 478160104 828 8,875 SOLE 8,875
Kimberly Clark Common 494368103 13,923 213,375 SOLE 197,925 15,450
Kroger Co. Common 501044101 15,881 841,391 SOLE 778,559 62,832
Lauder, Estee Co. Class A 518439104 676 13,400 SOLE 13,250 150
Lilly Eli & Co. Common 532457108 31,021 466,483 SOLE 433,551 32,932
Lucent Technologies Common 549463107 18,794 251,216 SOLE 231,868 19,348
M G I C Investment Common 552848103 807 13,409 SOLE 13,309 100
Marshall & Ilsley Common 571834100 562 8,950 SOLE 8,950
Masco Corp. Common 574599106 1,797 70,800 SOLE 70,800
MBNA Corporation Common 55262L100 20,293 744,704 SOLE 692,354 52,350
Mc Donalds Corp. Common 580135101 1,290 32,000 SOLE 31,450 550
MCI Worldcom, Inc. Common 552673105 16,936 319,163 SOLE 298,709 20,454
Media One Group Common 58440J104 19,039 247,859 SOLE 230,609 17,250
Medtronic, Inc. Common 585055106 636 17,450 SOLE 17,450
Merck & Co. Inc. Common 589331107 21,295 317,533 SOLE 296,783 20,750
Microsoft Corp. Common 594918104 55,572 475,992 SOLE 441,417 34,575
Monsanto Co. Common 611662107 715 20,075 SOLE 19,975 100
Nabisco Hldgs. Corp Class A 629526104 652 20,690 SOLE 20,690
Nabisco Group Hldg Common 62952P102 262 24,700 SOLE 24,700
Nortel Networks Common 665815106 25,258 250,084 SOLE 242,862 7,222
Oracle Corp. Common 68389X105 26,205 233,839 SOLE 216,389 17,450
Pepsico, Inc. Common 713448108 20,917 593,389 SOLE 552,571 40,818
Pfizer, Inc. Common 717081103 29,570 911,592 SOLE 850,296 61,296
Phillips Petroleum Common 718507106 15,677 333,559 SOLE 309,409 24,150
Proctor & Gamble Co. Common 742718109 14,462 131,999 SOLE 122,867 9,132
Ralston Purina Co. Com Ral-Pur GP 751277302 30,281 1,086,317 SOLE 1,009,092 77,225
Royal Dutch Petro. NY reg Gld1.25 780257804 941 15,543 SOLE 14,977 566
Safeway Stores Inc. Common 786514208 656 18,400 SOLE 18,400
Sara Lee Corp. Common 803111103 237 10,732 SOLE 10,200 532
SBC Comm. Inc. Common 78387G103 772 15,836 SOLE 15,042 794
Schering Plough Common 806605101 655 15,554 SOLE 15,554
Schlumberger Ltd. Common 806857108 7,697 136,830 SOLE 130,582 6,248
Seagate Technology Common 811804103 33,480 719,041 SOLE 675,491 43,550
Sprint Corp. Com fon group 852061100 12,663 188,125 SOLE 170,475 17,650
Sun Microsystems Common 866810104 14,540 187,766 SOLE 174,416 13,350
Sybron Corp. Common 87114F106 534 21,620 SOLE 21,520 100
Texas Instruments Common 882508104 10,237 105,944 SOLE 98,319 7,625
Time Warner, Inc. Common 887315109 13,047 180,116 SOLE 166,766 13,350
Transocean Sedco ForeCommon G90078109 891 26,439 SOLE 25,235 1,204
Tyco Intl. Ltd. Common 902124106 16,866 432,470 SOLE 401,470 31,000
U.S. Industries Inc. Common 912080108 1,620 115,687 SOLE 114,375 1,312
Walgreen Co. Common 931422109 1,831 62,610 SOLE 61,960 650
Walmart Stores, Inc. Common 931142103 802 11,600 SOLE 11,300 300
Walt Disney Co. Common 254687106 345 11,800 SOLE 11,350 450
Warner-Lambert Co. Common 934488107 617 7,525 SOLE 7,525
Washington Mutual Common 939322103 922 35,625 SOLE 34,975 650
Williams Co. Inc. Common 969457100 23,884 781,475 SOLE 723,975 57,500
Xerox Corp. Common 984121103 532 23,430 SOLE 23,030 400
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