UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 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: Chesapeake Capital Management, Inc.
Address: 36 South Charles Street
Suite 1903
Baltimore, MD 21201
13F File Number: 28-1223
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: Richard L. Dunn
Title: Executive Vice President
Phone: 410-837-6767
Signature, Place, and Date of Signing:
Richard L. Dunn Baltimore, Maryland July 27, 1999
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. Richard L. Dunn
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 67
Form 13F Information Table Value Total: $384,525,000.
List of Other Included Managers: None.
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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Abbott Labs COM 002824100 10482 231000 SH SOLE 225000 6000
Allied Signal, Inc. COM 019512102 6300 100000 SH SOLE 100000
Allstate Corporation COM 020002101 4599 128200 SH SOLE 122400 5800
American International Group COM 026874107 14490 123580 SH SOLE 115000 8580
Automatic Data Processing COM 053015103 730 16600 SH SOLE 16600
Avery Dennison Corporation COM 053611109 5011 83000 SH SOLE 80000 3000
Banc One Corporation COM 059438101 11838 198751 SH SOLE 177918 20833
BankAmerica/Nationsbank COM 06605F102 2932 39999 SH SOLE 39999
Becton Dickinson & Co. COM 075887109 3961 132050 SH SOLE 120000 12050
CBS Corporation COM 12490K107 4356 100000 SH SOLE 100000
CVS Corporation COM 126650100 203 4000 SH SOLE 4000
Carnival Cruise A COM 143658102 12171 250950 SH SOLE 240000 10950
Chase Manhattan Corp. COM 163722101 12811 148100 SH SOLE 140000 8100
Clear Channel Communications COM 184502102 4271 61950 SH SOLE 50000 11950
Coca-Cola Co. COM 191216100 6541 105500 SH SOLE 95000 10500
Colgate Palmolive COM 194162103 737 7486 SH SOLE 7486
Diebold COM 253651103 719 25000 SH SOLE 25000
Ecolab Inc. COM 278865100 454 10400 SH SOLE 10400
Eli Lilly & Company COM 532457108 6203 86600 SH SOLE 80000 6600
Emerson Electric COM 291011104 6772 107600 SH SOLE 100000 7600
Everest Reinsurance COM 74435W109 4894 150000 SH SOLE 150000
Federal National Mortgage Asso COM 313586109 14087 206400 SH SOLE 190000 16400
First Data Corporation COM 319963104 2496 51000 SH SOLE 50000 1000
Franklin Resources COM 354613101 3656 90000 SH SOLE 90000
Freddie Mac COM 313400301 6339 109300 SH SOLE 100000 9300
General Electric Company COM 369604103 18851 166820 SH SOLE 155000 11820
General Growth Properties COM 370021107 288 8100 SH SOLE 8100
Gillette Company COM 375766102 8954 218390 SH SOLE 195000 23390
Gulfstream Aerospace Corporati COM 402734107 8925 132100 SH SOLE 125000 7100
Halliburton Co. COM 406216101 4095 90500 SH SOLE 90000 500
Harley Davidson COM 412822108 3684 67750 SH SOLE 60000 7750
Hartford Life Inc. Class A com COM 416592103 6089 115700 SH SOLE 100000 15700
Home Depot, Inc. COM 437076102 627 9736 SH SOLE 9736
Honeywell, Inc. COM 438506107 7184 62000 SH SOLE 60000 2000
Intel Corp. COM 458140100 625 10500 SH SOLE 10500
International Business Machine COM 459200101 5677 43925 SH SOLE 40000 3925
Johnson & Johnson COM 478160104 14372 146650 SH SOLE 130000 16650
Kimberly Clark COM 494368103 228 4000 SH SOLE 4000
Lauder, Estee Cos., Inc.,A. COM 518439104 10246 204400 SH SOLE 188000 16400
Lowes Companies Inc. COM 548661107 3401 60000 SH SOLE 60000
Lucent Technologies, Inc. COM 549463107 506 7500 SH SOLE 7500
MCI WorldCom Inc. COM 98155K102 11489 133500 SH SOLE 120000 13500
Medtronic Inc. COM 585055106 678 8700 SH SOLE 8700
Merck & Co., Inc. COM 589331107 398 5400 SH SOLE 5400
Microsoft Corporation COM 594918104 471 5225 SH SOLE 5225
Omnicom Group COM 681919106 14128 176600 SH SOLE 160000 16600
Penney (J.C.) COM 708160106 276 5678 SH SOLE 5678
Pepsico COM 713448108 5367 138722 SH SOLE 120000 18722
Philip Morris COM 718154107 7366 183300 SH SOLE 180000 3300
Pitney-Bowes COM 724479100 806 12550 SH SOLE 12550
Proctor & Gamble Co. COM 742718109 10112 113300 SH SOLE 100000 13300
Raychem COM 754603108 1850 50000 SH SOLE 50000
Rite Aid Corporation COM 767754104 7935 322250 SH SOLE 310850 11400
Royal Caribbean Cruise Lines COM V7780T103 10281 235000 SH SOLE 230000 5000
SBC Communications, Inc. COM 845333103 754 13000 SH SOLE 13000
Schering-Plough Corporation COM 806605101 17826 339550 SH SOLE 310000 29550
Schlumberger, Ltd. COM 806857108 245 3848 SH SOLE 3848
Service Master Inc. COM 81760N109 2852 152100 SH SOLE 127500 24600
Starwood Hotels & Resorts Worl COM 85590A203 1528 50000 SH SOLE 50000
Textron COM 883203101 4116 50000 SH SOLE 50000
Tyco Intl., Ltd. COM 902120104 10167 107300 SH SOLE 90000 17300
United Rentals Inc. COM 911363109 3024 102500 SH SOLE 91300 11200
Vodafone Group, PLC ADR COM 92857T107 335 1700 SH SOLE 1700
Warner Lambert Company COM 934488107 16002 231500 SH SOLE 220000 11500
Wells Fargo & Company COM 949740104 5720 133800 SH SOLE 120000 13800
XL Capital Ltd Class A COM 301616108 9779 173077 SH SOLE 162177 10900
Lauder, Estee Cos. Inc. Cvt. T PFD CV 518437207 216 2500 SH SOLE 2500
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