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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13-F
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT
MANAGERS PURSUANT TO SECTION 13(F) OF THE SECURITIES
EXCHANGE ACT OF 1934 AND RULES THEREUNDER
Report for the Calendar Year or Quarter Ended: March 31, 1999
Check here if Amendment:
Institutional Investment Manager Filing this Report:
Name: Trustees of the Pension Trust of
Bethlehem Steel Corporation and Subsidiary Companies
Address: Martin Tower
Bethlehem, Pennsylvania 18016-7699
Form 13F File Number: 28-313
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: J. Gerard Mead
Title: Chairman, Trustees
Phone: 610-694-5507
Signature, Place and Date of Signing:
/s/ J. Gerard Mead
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J. Gerard Mead
Bethlehem, Pennsylvania
April 28, 1999
Report Type (Check only one.):
X 13F Holdings Report.
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13F Notice.
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13F Combination Report.
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Form 13F
SUMMARY PAGE
Report Summary:
Number of Other Included Managers: None
Form 13F Information Table Entry Total: 87
Form 13F Information Table Value Total: $2,544,516 (thousands)
List of Other Included Managers: None
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ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7
TITLE MARKET OTHER
OF CUSIP/ VALUE INVESTMENT MANAGERS
NAME OF ISSUER CLASS NUMBER (X $1000) SH/PRN DISCRETION
- - ------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
ABBOTT LABS COM COMMON STK 002824100 16450 351400 SOLE
AIR PRODS & CHEMS INC COM COMMON STK 009158106 13563 396000 SOLE
AIRGAS INC COM COMMON STK 009363102 670 80000 SOLE
AMERICAN HOME PRODS CORP COMMON STK 026609107 36540 560000 SOLE
AMERICAN INTL GROUP INC COM COMMON STK 026874107 22919 190000 SOLE
AMERITECH CORPORATION COMMON STK 030954101 64165 1113500 SOLE
AMGEN INC COMMON STK 031162100 6739 90000 SOLE
AON CORP COM COMMON STK 037389103 30360 480000 SOLE
AT & T CORP COMMON STK 001957109 42204 528785 SOLE
AUTOMATIC DATA PROCESSING INC COM COMMON STK 053015103 41582 1005000 SOLE
AVERY DENNISON CORP COMMON STK 053611109 20413 355000 SOLE
BANKAMERICA CORP NEW COMMON STK 06605F102 6003 85000 SOLE
BB & T CORP COMMON STK 054937107 8866 245000 SOLE
BECTON DICKINSON & CO COM COMMON STK 075887109 9387 245000 SOLE
BESTFOODS COM COMMON STK 08658U101 26320 560000 SOLE
BRISTOL MYERS SQUIBB CO COMMON STK 110122108 79515 1240000 SOLE
BURLINGTON NORTN SANTA FE CORP COMMON STK 12189T104 12164 370000 SOLE
CAPITAL ONE FINL CORP COMMON STK 14040H105 65685 435000 SOLE
CHEVRON CORP COM COMMON STK 166751107 5325 60000 SOLE
CHOICEPOINT INC COMMON STK 170388102 3491 70000 SOLE
CISCO SYS INC COMMON STK 17275R102 29250 266975 SOLE
CITIGROUP INC COMMON STK 172967101 130944 2050000 SOLE
CLOROX CO COM COMMON STK 189054109 55078 470000 SOLE
COLUMBIA/HCA HEALTHCARE CORP COMMON STK 197677107 3664 193500 SOLE
COMPAQ COMPUTER CORP COMMON STK 204493100 33113 1045000 SOLE
DOLLAR GEN CORP COM COMMON STK 256669102 4250 125000 SOLE
EL PASO NAT GAS CO COMMON STK 283695872 6374 195000 SOLE
EMC CORP MASS COM COMMON STK 268648102 37814 296000 SOLE
EQUIFAX INC COMMON STK 294429105 23375 680000 SOLE
FIRST AMERN CORP TENN COM COMMON STK 318900107 29131 790000 SOLE
FIRST DATA CORP COMMON STK 319963104 3420 80000 SOLE
FIRST UN CORP COM COMMON STK 337358105 37406 700000 SOLE
FRANKLIN RESOURCES INC COM COMMON STK 354613101 7172 255000 SOLE
</TABLE>
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<TABLE>
<CAPTION>
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ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7
TITLE MARKET OTHER
OF CUSIP/ VALUE INVESTMENT MANAGERS
NAME OF ISSUER CLASS NUMBER (X $1000) SH/PRN DISCRETION
- - ------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
GENERAL ELECTRIC CO COM COMMON STK 369604103 171469 1550000 SOLE
GILLETTE CO COM COMMON STK 375766102 10081 169600 SOLE
GUIDANT CORP COMMON STK 401698105 16940 280000 SOLE
HARSCO CORP COM COMMON STK 415864107 4786 190000 SOLE
HEWLETT PACKARD CO COM COMMON STK 428236103 23734 350000 SOLE
HILLENBRAND INDS INC COM COMMON STK 431573104 6466 140000 SOLE
INGERSOLL RAND CO COM COMMON STK 456866102 24813 500000 SOLE
INTEL CORP COM COMMON STK 458140100 98666 830000 SOLE
JOHNSON & JOHNSON COMMON STK 478160104 28050 300000 SOLE
KIMBERLY CLARK CORP COM COMMON STK 494368103 21572 450000 SOLE
LILLY ELI & CO COM COMMON STK 532457108 81056 955000 SOLE
LORAL SPACE & COMMUNICATIONS COMMON STK G56462107 6858 475000 SOLE
LUCENT TECHNOLOGIES INC COMMON STK 549463107 56160 520000 SOLE
MARRIOTT INTL INC NEW COMMON STK 571903103 5044 150000 SOLE
MASCO CORP COM COMMON STK 574599106 14408 510000 SOLE
MATTEL INC COM COMMON STK 577081102 19451 780000 SOLE
MAY DEPT STORES CO COM COMMON STK 577778103 13205 337500 SOLE
MAYTAG CORP COM COMMON STK 578592107 2113 35000 SOLE
MBNA CORP COMMON STK 55262L100 20592 862500 SOLE
MCDONALDS CORP COM COMMON STK 580135101 49391 1090000 SOLE
MEDTRONIC INC COM COMMON STK 585055106 29469 410000 SOLE
MERCK & CO INC COM COMMON STK 589331107 78202 976000 SOLE
MICROSOFT CORP COM COMMON STK 594918104 48147 537200 SOLE
MOBIL CORP COM COMMON STK 607059102 49280 560000 SOLE
MOLEX INC CL A COMMON STK 608554200 15654 605000 SOLE
MONSANTO CO COM COMMON STK 611662107 10336 225000 SOLE
MORGAN J P & CO INC COM COMMON STK 616880100 27143 220000 SOLE
MOTOROLA INC COM COMMON STK 620076109 6593 90000 SOLE
NORTHERN TELECOM LTD COM COMMON STK 665815106 8076 130000 SOLE
ORACLE CORP COMMON STK 68389X105 13188 500000 SOLE
PAYLESS SHOESOURCE INC COMMON STK 704379106 5115 110000 SOLE
PEPSICO INC COM COMMON STK 713448108 28552 728600 SOLE
PFIZER INC COM COMMON STK 717081103 154845 1116000 SOLE
</TABLE>
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<TABLE>
<CAPTION>
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ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7
TITLE MARKET OTHER
OF CUSIP/ VALUE INVESTMENT MANAGERS
NAME OF ISSUER CLASS NUMBER (X $1000) SH/PRN DISCRETION
- - ------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
PHILIP MORRIS COS INC COM COMMON STK 718154107 36947 1050000 SOLE
PITNEY BOWES INC COM COMMON STK 724479100 15938 250000 SOLE
RAYTHEON CO COM COMMON STK 755111101 19933 340000 SOLE
REGION FINL CORP COMMON STK 758940100 19044 550000 SOLE
ROYAL DUTCH PETE CO COMMON STK 780257705 32240 620000 SOLE
SBC COMMUNICATIONS INC COMMON STK 78387G103 38694 820000 SOLE
SCHERING PLOUGH CORP COM COMMON STK 806605101 97240 1760000 SOLE
SCHWEITZER-MAUDUIT INTL INC COMMON STK 808541106 1495 130000 SOLE
SEALED AIR CORP COM COMMON STK 812115103 9838 200000 SOLE
SERVICE CORP INTL COM COMMON STK 817565104 428 30000 SOLE
SHERWIN WILLIAMS CO COM COMMON STK 824348106 27956 994000 SOLE
SUNTRUST BKS INC COM COMMON STK 867914103 20543 330000 SOLE
SYMBOL TECHNOLOGIES INC COMMON STK 871508107 900 20000 SOLE
TIFFANY & CO NEW COMMON STK 886547108 2243 30000 SOLE
TYCO INTL LTD NEW COMMON STK 902124106 1076 15000 SOLE
UNION PAC CORP COM COMMON STK 907818108 534 10000 SOLE
UNITED TECHNOLOGIES CORP COM COMMON STK 913017109 54852 405000 SOLE
US BANCORP DEL COMMON STK 902973106 5961 175000 SOLE
VULCAN MATLS CO COM COMMON STK 929160109 24788 600000 SOLE
WELLS FARGO & CO COM COMMON STK 949746101 26648 760000 SOLE
XEROX CORP COM COMMON STK 984121103 44411 852000 SOLE
</TABLE>
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<TABLE>
<CAPTION>
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ITEM 1 ITEM 8
VOTING AUTHORITY
SOLE SHARED NONE
NAME OF ISSUER (A) (B) (C)
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<S> <C> <C> <C>
ABBOTT LABS COM 351400 0 0
AIR PRODS & CHEMS INC COM 396000 0 0
AIRGAS INC COM 80000 0 0
AMERICAN HOME PRODS CORP 560000 0 0
AMERICAN INTL GROUP INC COM 190000 0 0
AMERITECH CORPORATION 1113500 0 0
AMGEN INC 90000 0 0
AON CORP COM 480000 0 0
AT & T CORP 528785 0 0
AUTOMATIC DATA PROCESSING INC COM 1005000 0 0
AVERY DENNISON CORP 355000 0 0
BANKAMERICA CORP NEW 85000 0 0
BB & T CORP 245000 0 0
BECTON DICKINSON & CO COM 245000 0 0
BESTFOODS COM 560000 0 0
BRISTOL MYERS SQUIBB CO 1240000 0 0
BURLINGTON NORTN SANTA FE CORP 370000 0 0
CAPITAL ONE FINL CORP 435000 0 0
CHEVRON CORP COM 60000 0 0
CHOICEPOINT INC 70000 0 0
CISCO SYS INC 266975 0 0
CITIGROUP INC 2050000 0 0
CLOROX CO COM 470000 0 0
COLUMBIA/HCA HEALTHCARE CORP 193500 0 0
COMPAQ COMPUTER CORP 1045000 0 0
DOLLAR GEN CORP COM 125000 0 0
EL PASO NAT GAS CO 195000 0 0
EMC CORP MASS COM 296000 0 0
EQUIFAX INC 680000 0 0
FIRST AMERN CORP TENN COM 790000 0 0
FIRST DATA CORP 80000 0 0
FIRST UN CORP COM 700000 0 0
FRANKLIN RESOURCES INC COM 255000 0 0
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
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ITEM 1 ITEM 8
VOTING AUTHORITY
SOLE SHARED NONE
NAME OF ISSUER (A) (B) (C)
- - ------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
GENERAL ELECTRIC CO COM 1550000 0 0
GILLETTE CO COM 169600 0 0
GUIDANT CORP 280000 0 0
HARSCO CORP COM 190000 0 0
HEWLETT PACKARD CO COM 350000 0 0
HILLENBRAND INDS INC COM 140000 0 0
INGERSOLL RAND CO COM 500000 0 0
INTEL CORP COM 830000 0 0
JOHNSON & JOHNSON 300000 0 0
KIMBERLY CLARK CORP COM 450000 0 0
LILLY ELI & CO COM 955000 0 0
LORAL SPACE & COMMUNICATIONS 475000 0 0
LUCENT TECHNOLOGIES INC 520000 0 0
MARRIOTT INTL INC NEW 150000 0 0
MASCO CORP COM 510000 0 0
MATTEL INC COM 780000 0 0
MAY DEPT STORES CO COM 337500 0 0
MAYTAG CORP COM 35000 0 0
MBNA CORP 862500 0 0
MCDONALDS CORP COM 1090000 0 0
MEDTRONIC INC COM 410000 0 0
MERCK & CO INC COM 976000 0 0
MICROSOFT CORP COM 537200 0 0
MOBIL CORP COM 560000 0 0
MOLEX INC CL A 605000 0 0
MONSANTO CO COM 225000 0 0
MORGAN J P & CO INC COM 220000 0 0
MOTOROLA INC COM 90000 0 0
NORTHERN TELECOM LTD COM 130000 0 0
ORACLE CORP 500000 0 0
PAYLESS SHOESOURCE INC 110000 0 0
PEPSICO INC COM 728600 0 0
PFIZER INC COM 1116000 0 0
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- - -----------------------------------------------------------------------------------------------------------
ITEM 1 ITEM 8
VOTING AUTHORITY
SOLE SHARED NONE
NAME OF ISSUER (A) (B) (C)
- - ------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
PHILIP MORRIS COS INC COM 1050000 0 0
PITNEY BOWES INC COM 250000 0 0
RAYTHEON CO COM 340000 0 0
REGION FINL CORP 550000 0 0
ROYAL DUTCH PETE CO 620000 0 0
SBC COMMUNICATIONS INC 820000 0 0
SCHERING PLOUGH CORP COM 1760000 0 0
SCHWEITZER-MAUDUIT INTL INC 130000 0 0
SEALED AIR CORP COM 200000 0 0
SERVICE CORP INTL COM 30000 0 0
SHERWIN WILLIAMS CO COM 994000 0 0
SUNTRUST BKS INC COM 330000 0 0
SYMBOL TECHNOLOGIES INC 20000 0 0
TIFFANY & CO NEW 30000 0 0
TYCO INTL LTD NEW 15000 0 0
UNION PAC CORP COM 10000 0 0
UNITED TECHNOLOGIES CORP COM 405000 0 0
US BANCORP DEL 175000 0 0
VULCAN MATLS CO COM 600000 0 0
WELLS FARGO & CO COM 760000 0 0
XEROX CORP COM 852000 0 0
</TABLE>
