UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 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: 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 April 29, 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: 65
Form 13F Information Table Value Total: $373,625,000
List of Other Included Managers: None.
<TABLE>
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
<C> <C>
D Abbott Labs COM 002824100 10846 231700 SH SOLE 225000 6700
D Allied Signal, Inc. COM 019512102 4919 100000 SH SOLE 100000
D Allstate Corporation COM 020002101 4788 129200 SH SOLE 122400 6800
D American International Group COM 026874107 17432 144513 SH SOLE 135000 9513
D Automatic Data Processing COM 053015103 687 16600 SH SOLE 16600
D Avery Dennison Corporation COM 053611109 4772 83000 SH SOLE 80000 3000
D Banc One Corporation COM 059438101 12241 222311 SH SOLE 199918 22393
D BankAmerica/Nationsbank COM 06605F102 3531 49999 SH SOLE 49999
D Becton Dickinson & Co. COM 075887109 5059 132050 SH SOLE 120000 12050
D Carnival Cruise A COM 143658102 13767 283500 SH SOLE 271000 12500
D Chase Manhattan Corp. COM 163722101 14534 178600 SH SOLE 170000 8600
D Clear Channel Communications COM 184502102 704 10500 SH SOLE 10500
D Coca-Cola Co. COM 191216100 6475 105500 SH SOLE 95000 10500
D Colgate Palmolive COM 194162103 698 7586 SH SOLE 7586
D ContiFinancial COM 21075V107 239 33600 SH SOLE 33600
D Diebold COM 253651103 600 25000 SH SOLE 25000
D Ecolab Inc. COM 278865100 369 10400 SH SOLE 10400
D Eli Lilly & Company COM 532457108 7350 86600 SH SOLE 80000 6600
D Emerson Electric COM 291011104 5696 107600 SH SOLE 100000 7600
D Everest Reinsurance COM 74435W109 4678 150000 SH SOLE 150000
D Federal Home Loan Mtg. Corp COM 313400301 6264 109300 SH SOLE 100000 9300
D Federal National Mortgage Asso COM 313586109 15013 216800 SH SOLE 200000 16800
D Finova Group COM 361609100 934 18000 SH SOLE 15000 3000
D First Data Corporation COM 319963104 2180 51000 SH SOLE 50000 1000
D First Union Corp. COM 337358105 2925 54740 SH SOLE 50000 4740
D Franklin Resources COM 354613101 2531 90000 SH SOLE 90000
D General Electric Company COM 369604103 18471 166970 SH SOLE 155000 11970
D General Growth Properties COM 370021107 263 8100 SH SOLE 8100
D Gillette Company COM 375766102 13040 219390 SH SOLE 195000 24390
D Gulfstream Aerospace Corporati COM 402734107 5734 132200 SH SOLE 125000 7200
D Halliburton Co. COM 406216101 2137 55500 SH SOLE 55000 500
D Harley Davidson COM 412822108 3887 67750 SH SOLE 60000 7750
D Hartford Life Inc. Class A com COM 416592103 6418 116700 SH SOLE 100000 16700
D Home Depot, Inc. COM 437076102 622 9986 SH SOLE 9986
D Honeywell, Inc. COM 438506107 4700 62000 SH SOLE 60000 2000
D Intel Corp. COM 458140100 624 5250 SH SOLE 5250
D Johnson & Johnson COM 478160104 15661 167500 SH SOLE 150000 17500
D Lauder, Estee Cos., Inc.,A. COM 518439104 9658 102200 SH SOLE 94000 8200
D Lowes Companies Inc. COM 548661107 2420 40000 SH SOLE 40000
D Lucent Technologies, Inc. COM 549463107 308 2850 SH SOLE 2850
D MCI WorldCom Inc. COM 98155K102 11805 133300 SH SOLE 120000 13300
D Medtronic Inc. COM 585055106 629 8750 SH SOLE 8750
D Merck & Co., Inc. COM 589331107 449 5600 SH SOLE 5600
D NAC Re Corporation COM 628907107 1278 23800 SH SOLE 23800
D Omnicom Group COM 681919106 14603 182675 SH SOLE 165000 17675
D Penney (J.C.) COM 708160106 246 6078 SH SOLE 6078
D Pepsico COM 713448108 5436 138722 SH SOLE 120000 18722
D Philip Morris COM 718154107 6467 183800 SH SOLE 180000 3800
D Pitney-Bowes COM 724479100 803 12600 SH SOLE 12600
D Proctor & Gamble Co. COM 742718109 11106 113400 SH SOLE 100000 13400
D Raychem COM 754603108 1128 50000 SH SOLE 50000
D Rite Aid Corporation COM 767754104 8086 323450 SH SOLE 310850 12600
D Royal Caribbean Cruise Lines COM V7780T103 9165 235000 SH SOLE 230000 5000
D SBC Communications, Inc. COM 845333103 613 13000 SH SOLE 13000
D Schering-Plough Corporation COM 806605101 18799 340250 SH SOLE 310000 30250
D Schlumberger, Ltd. COM 806857108 232 3848 SH SOLE 3848
D Service Master Inc. COM 81760N109 3090 152100 SH SOLE 127500 24600
D Starwood Hotels & Resorts Worl COM 85590A203 1714 60000 SH SOLE 60000
D Textron COM 883203101 3869 50000 SH SOLE 50000
D Tyco Intl., Ltd. COM 902120104 7763 108200 SH SOLE 90000 18200
D United Rentals Inc. COM 911363109 2878 101000 SH SOLE 91300 9700
D Vodafone Group, PLC ADR COM 92857T107 319 1700 SH SOLE 1700
D Warner Lambert Company COM 934488107 16006 241600 SH SOLE 230000 11600
D Wells Fargo & Company COM 949740104 4691 133800 SH SOLE 120000 13800
D XL Capital Ltd Class A COM 301616108 9270 152600 SH SOLE 140400 12200
S REPORT SUMMARY 65 DATA RECORDS 373625 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
