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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: June 30, 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
July 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: $2,581,272 (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 15945 351400 SOLE
AIR PRODS & CHEMS INC COM COMMON STK 009158106 15134 376000 SOLE
AMERICAN HOME PRODS CORP COMMON STK 026609107 32130 560000 SOLE
AMERICAN INTL GROUP INC COM COMMON STK 026874107 24036 205000 SOLE
AMERITECH CORPORATION COMMON STK 030954101 81842 1113500 SOLE
AMGEN INC COMMON STK 031162100 5479 90000 SOLE
AON CORP COM COMMON STK 037389103 25781 625000 SOLE
AT & T CORP COMMON STK 001957109 45208 810000 SOLE
AUTOMATIC DATA PROCESSING INC COM COMMON STK 053015103 44220 1005000 SOLE
AVERY DENNISON CORP COMMON STK 053611109 21433 355000 SOLE
BANKAMERICA CORP NEW COMMON STK 06605F102 6232 85000 SOLE
BB & T CORP COMMON STK 054937107 8988 245000 SOLE
BECTON DICKINSON & CO COM COMMON STK 075887109 7350 245000 SOLE
BESTFOODS COM COMMON STK 08658U101 20790 420000 SOLE
BRISTOL MYERS SQUIBB CO COMMON STK 110122108 87343 1240000 SOLE
BURLINGTON NORTN SANTA FE CORP COMMON STK 12189T104 7266 234400 SOLE
CAPITAL ONE FINL CORP COMMON STK 14040H105 69609 1250000 SOLE
CHEVRON CORP COM COMMON STK 166751107 5704 60000 SOLE
CHOICEPOINT INC COMMON STK 170388102 2685 40000 SOLE
CISCO SYS INC COMMON STK 17275R102 35051 543950 SOLE
CITIGROUP INC COMMON STK 172967101 140600 2960000 SOLE
CLOROX CO COM COMMON STK 189054109 50736 475000 SOLE
COLUMBIA/HCA HEALTHCARE CORP COMMON STK 197677107 1141 50000 SOLE
COMPAQ COMPUTER CORP COMMON STK 204493100 17647 745000 SOLE
DOLLAR GEN CORP COM COMMON STK 256669102 5256 181250 SOLE
EL PASO NAT GAS CO COMMON STK 283695872 6862 195000 SOLE
EMC CORP MASS COM COMMON STK 268648102 33110 602000 SOLE
EQUIFAX INC COMMON STK 294429105 24446 685000 SOLE
FIRST AMERN CORP TENN COM COMMON STK 318900107 26600 640000 SOLE
FIRST DATA CORP COMMON STK 319963104 3915 80000 SOLE
FIRST UN CORP COM COMMON STK 337358105 32988 700000 SOLE
FRANKLIN RESOURCES INC COM COMMON STK 354613101 10359 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 174020 1540000 SOLE
GILLETTE CO COM COMMON STK 375766102 6954 169600 SOLE
GUIDANT CORP COMMON STK 401698105 14826 290000 SOLE
HARSCO CORP COM COMMON STK 415864107 3200 100000 SOLE
HEWLETT PACKARD CO COM COMMON STK 428236103 33165 330000 SOLE
HILLENBRAND INDS INC COM COMMON STK 431573104 6055 140000 SOLE
INGERSOLL RAND CO COM COMMON STK 456866102 29081 450000 SOLE
INTEL CORP COM COMMON STK 458140100 98770 1660000 SOLE
JOHNSON & JOHNSON COMMON STK 478160104 29400 300000 SOLE
KIMBERLY CLARK CORP COM COMMON STK 494368103 23655 415000 SOLE
LILLY ELI & CO COM COMMON STK 532457108 68402 955000 SOLE
LORAL SPACE & COMMUNICATIONS COMMON STK G56462107 8550 475000 SOLE
LUCENT TECHNOLOGIES INC COMMON STK 549463107 70135 1040000 SOLE
MARRIOTT INTL INC NEW COMMON STK 571903103 5606 150000 SOLE
MASCO CORP COM COMMON STK 574599106 14726 510000 SOLE
MATTEL INC COM COMMON STK 577081102 20378 780000 SOLE
MAY DEPT STORES CO COM COMMON STK 577778103 12263 300000 SOLE
MAYTAG CORP COM COMMON STK 578592107 2443 35000 SOLE
MBNA CORP COMMON STK 55262L100 26720 872500 SOLE
MCDONALDS CORP COM COMMON STK 580135101 45032 1095000 SOLE
MEDIAONE GROUP INC COMMON STK 58440J104 744 10000 SOLE
MEDTRONIC INC COM COMMON STK 585055106 31929 410000 SOLE
MERCK & CO INC COM COMMON STK 589331107 71858 976000 SOLE
MICROSOFT CORP COM COMMON STK 594918104 50505 560000 SOLE
MOBIL CORP COM COMMON STK 607059102 55300 560000 SOLE
MOLEX INC CL A COMMON STK 608554200 19058 605000 SOLE
MONSANTO CO COM COMMON STK 611662107 8902 225000 SOLE
MORGAN J P & CO INC COM COMMON STK 616880100 25290 180000 SOLE
MOTOROLA INC COM COMMON STK 620076109 8528 90000 SOLE
NORTEL NETWORKS CORP COMMON STK 656569100 11286 130000 SOLE
ORACLE CORP COMMON STK 68389X105 19676 530000 SOLE
PAYLESS SHOESOURCE INC COMMON STK 704379106 5885 110000 SOLE
PEPSICO INC COM COMMON STK 713448108 26114 675000 SOLE
PFIZER INC COM COMMON STK 717081103 121644 3348000 SOLE
</TABLE>
<PAGE>
<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 41393 1030000 SOLE
PITNEY BOWES INC COM COMMON STK 724479100 14135 220000 SOLE
RAYTHEON CO COM COMMON STK 755111101 19035 270000 SOLE
REGION FINL CORP COMMON STK 758940100 19411 505000 SOLE
ROYAL DUTCH PETE CO COMMON STK 780257705 37355 620000 SOLE
SBC COMMUNICATIONS INC COMMON STK 78387G103 44080 760000 SOLE
SCHERING PLOUGH CORP COM COMMON STK 806605101 92400 1760000 SOLE
SEALED AIR CORP COM COMMON STK 812115103 12975 200000 SOLE
SERVICE CORP INTL COM COMMON STK 817565104 578 30000 SOLE
SHERWIN WILLIAMS CO COM COMMON STK 824348106 26363 950000 SOLE
STERLING COMM INC COMMON STK 859205106 2205 60000 SOLE
SUMMIT BANCORP COMMON STK 866005101 418 10000 SOLE
SUNTRUST BKS INC COM COMMON STK 867914103 21526 310000 SOLE
SYMBOL TECHNOLOGIES INC COMMON STK 871508107 2489 67500 SOLE
TIFFANY & CO NEW COMMON STK 886547108 2895 30000 SOLE
TYCO INTL LTD NEW COMMON STK 902124106 1895 20000 SOLE
UNITED TECHNOLOGIES CORP COM COMMON STK 913017109 58320 810000 SOLE
US BANCORP DEL COMMON STK 902973106 5841 175000 SOLE
VULCAN MATLS CO COM COMMON STK 929160109 28950 600000 SOLE
WELLS FARGO & CO COM COMMON STK 949746101 32704 765000 SOLE
XEROX CORP COM COMMON STK 984121103 50321 852000 SOLE
</TABLE>
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<TABLE>
<CAPTION>
- ----------------------------------------------------------
ITEM 1 ITEM 8
VOTING AUTHORITY
SOLE SHARED NONE
NAME OF ISSUER (A) (B) (C)
- ----------------------------------------------------------
<S> <C> <C> <C>
ABBOTT LABS COM 351400 0 0
AIR PRODS & CHEMS INC COM 376000 0 0
AMERICAN HOME PRODS CORP 560000 0 0
AMERICAN INTL GROUP INC COM 205000 0 0
AMERITECH CORPORATION 1113500 0 0
AMGEN INC 90000 0 0
AON CORP COM 625000 0 0
AT & T CORP 810000 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 420000 0 0
BRISTOL MYERS SQUIBB CO 1240000 0 0
BURLINGTON NORTN SANTA FE CORP 234400 0 0
CAPITAL ONE FINL CORP 1250000 0 0
CHEVRON CORP COM 60000 0 0
CHOICEPOINT INC 40000 0 0
CISCO SYS INC 543950 0 0
CITIGROUP INC 2960000 0 0
CLOROX CO COM 475000 0 0
COLUMBIA/HCA HEALTHCARE CORP 50000 0 0
COMPAQ COMPUTER CORP 745000 0 0
DOLLAR GEN CORP COM 181250 0 0
EL PASO NAT GAS CO 195000 0 0
EMC CORP MASS COM 602000 0 0
EQUIFAX INC 685000 0 0
FIRST AMERN CORP TENN COM 640000 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>
- ----------------------------------------------------------
ITEM 1 ITEM 8
VOTING AUTHORITY
SOLE SHARED NONE
NAME OF ISSUER (A) (B) (C)
- ----------------------------------------------------------
<S> <C> <C> <C>
GENERAL ELECTRIC CO COM 1540000 0 0
GILLETTE CO COM 169600 0 0
GUIDANT CORP 290000 0 0
HARSCO CORP COM 100000 0 0
HEWLETT PACKARD CO COM 330000 0 0
HILLENBRAND INDS INC COM 140000 0 0
INGERSOLL RAND CO COM 450000 0 0
INTEL CORP COM 1660000 0 0
JOHNSON & JOHNSON 300000 0 0
KIMBERLY CLARK CORP COM 415000 0 0
LILLY ELI & CO COM 955000 0 0
LORAL SPACE & COMMUNICATIONS 475000 0 0
LUCENT TECHNOLOGIES INC 1040000 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 300000 0 0
MAYTAG CORP COM 35000 0 0
MBNA CORP 872500 0 0
MCDONALDS CORP COM 1095000 0 0
MEDIAONE GROUP INC 10000 0 0
MEDTRONIC INC COM 410000 0 0
MERCK & CO INC COM 976000 0 0
MICROSOFT CORP COM 560000 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 180000 0 0
MOTOROLA INC COM 90000 0 0
NORTEL NETWORKS CORP 130000 0 0
ORACLE CORP 530000 0 0
PAYLESS SHOESOURCE INC 110000 0 0
PEPSICO INC COM 675000 0 0
PFIZER INC COM 3348000 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 1030000 0 0
PITNEY BOWES INC COM 220000 0 0
RAYTHEON CO COM 270000 0 0
REGION FINL CORP 505000 0 0
ROYAL DUTCH PETE CO 620000 0 0
SBC COMMUNICATIONS INC 760000 0 0
SCHERING PLOUGH CORP COM 1760000 0 0
SEALED AIR CORP COM 200000 0 0
SERVICE CORP INTL COM 30000 0 0
SHERWIN WILLIAMS CO COM 950000 0 0
STERLING COMM INC 60000 0 0
SUMMIT BANCORP 10000 0 0
SUNTRUST BKS INC COM 310000 0 0
SYMBOL TECHNOLOGIES INC 67500 0 0
TIFFANY & CO NEW 30000 0 0
TYCO INTL LTD NEW 20000 0 0
UNITED TECHNOLOGIES CORP COM 810000 0 0
US BANCORP DEL 175000 0 0
VULCAN MATLS CO COM 600000 0 0
WELLS FARGO & CO COM 765000 0 0
XEROX CORP COM 852000 0 0
</TABLE>
