UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended: June 30, 1999
Check here if Amendment [ ]; Amendment Number:_____
This Amendment (Check only one.): [ ] is arestatement.
[ ] adds new holding entries.
Institutional Investment Manager Filing this Report:
Name: Institutional Capital Corporation
Address: 225 West Wacker Drive, Suite 2400
Chicago, Illinois 60606
Form 13F File No: 28-16
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 the Reporting Manager:
Name: Robert J. Lukaszewicz
Title: Vice President & Controller
Phone: (312) 424-9100
Signature, Place, and Date of Signing:
/s/ Robert J. Lukaszewicz Chicago, Illinois 8/6/99
- --------------------------- ----------------------- -------------------
(Signature) (City/State) (Date)
Report Type (Check only one.):
[X] 13F Holdings Report (Check here if all holdings of
this reporting manager are reported in this report.)
[ ] 13F Notice (Check here if no holdings
reported are in this report, and all holdings are
reported by other reporting manager(s).)
[ ] 13F Combination Report (Check here if a
portion of the holdings for this reporting manager
are reported in this report and a portion are
reported by other reporting manager(s).)
List of Other Managers Reporting for this Manager:
None
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 69
Form 13F Information Table Value Total: 12,421,213
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F
file number(s) of all institutional investment managers
with respect to which this report is filed, other than
the manager filing this report. None
<PAGE>
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
Title
of (X$1000) Shares/ SH/ Put/ Investmt Other
Name of Issuer class CUSIP Value PRN AMT PRN Call Dscretn Managers Sole Share None
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AKZO NOBEL ADR COM 010199305 246095 5807550 SH SOLE 5609200 198350
AMERITECH CORP COM 030954101 207762 2826700 SH SOLE 2691600 135100
AMR CORP COM 001765106 158879 2327900 SH SOLE 2219500 108400
AT&T COM 001957109 317058 5680763 SH SOLE 5381891 298872
AVIVA PETROLEUM INC-DEP SHR COM 05379P304 2 29212 SH SOLE 29212
AXA UAP ADR COM 054536107 5231 83950 SH SOLE 83950
BANK AUSTRIA AKTIENGESELLSCHAF COM 060593100 5270 501000 SH SOLE 501000
BANK OF AMERICA CORP COM 060505104 476813 6503849 SH SOLE 6176312 327537
BAUSCH AND LOMB INC COM 071707103 64604 844500 SH SOLE 719800 124700
BAXTER INTERNATIONAL INC COM 071813109 309939 5112400 SH SOLE 4815900 296500
BELL ATLANTIC CORP COM 077853109 515257 7881560 SH SOLE 7491710 389850
BESTFOODS COM 08658U101 211724 4277250 SH SOLE 3988550 288700
BOC GROUP PLC SPONSORED ADR COM 055617609 496 12300 SH SOLE 12300
BRISTOL MYERS SQUIBB CO COM 110122108 394227 5596830 SH SOLE 5335080 261750
CIGNA CORP COM 125509109 186384 2094200 SH SOLE 1994300 99900
CITIGROUP INC COM 172967101 435052 9158987 SH SOLE 8717990 440997
COMPAGNIE FINANCIERE RICHEMONT COM 204318109 496 25800 SH SOLE 25800
COMPUTER ASSOCIATES INTL INC COM 204912109 165676 3026050 SH SOLE 2864650 161400
CONTINENTAL AIRLINES INC CL B COM 210795308 87217 2318050 SH SOLE 2150550 167500
DAIMLERCHRYSLER AG ORD SHRS COM D1668R123 8735 98151 SH SOLE 98151
DANA CORP COM 235811106 192154 4171600 SH SOLE 3944300 227300
DAYTON HUDSON CORP COM 239753106 361692 5564500 SH SOLE 5294950 269550
DIAGEO PLC ADR COM 25243Q205 8148 189500 SH SOLE 189500
DUN & BRADSTREET CORP (NEW) COM 26483B106 248811 7021120 SH SOLE 6639020 382100
ELF AQUITAINE ADR COM 286269105 244372 3321970 SH SOLE 3172800 149170
FEDERATED DEPT. STORE INC DEL COM 31410H101 297788 5625275 SH SOLE 5328175 297100
FORD MOTOR CO COM 345370100 66342 1175500 SH SOLE 1112600 62900
FORT JAMES CORP COM 347471104 188790 4984550 SH SOLE 4752650 231900
<PAGE>
FOX ENTERTAINMENT GROUP INC COM 35138T107 57649 2140100 SH SOLE 2004900 135200
GANNETT INC COM 364730101 269066 3769750 SH SOLE 3588250 181500
GENERAL MOTORS CLASS H STOCK COM 370442832 216924 3852150 SH SOLE 3706700 145450
GENERAL MOTORS CORP COM 370442105 416349 6308325 SH SOLE 6009725 298600
GRANADA GROUP PLC ORD SHS COM 0381125 4749 256000 SH SOLE 256000
HARTFORD FINANCIAL SERVICES GR COM 416515104 173964 2983300 SH SOLE 2818250 165050
HELLENIC TELECOMMUNICATIONS OR COM 423325307 4723 426900 SH SOLE 426900
HOECHST AG SPONSORED ADR COM 434390308 424612 9230700 SH SOLE 8895400 335300
HOST MARRIOTT CORP COM 44107P104 160859 13546030 SH SOLE 12882030 664000
HOUSEHOLD INTERNATIONAL INC COM 441815107 365662 7718469 SH SOLE 7318900 399569
IMC GLOBAL COM 449669100 58272 3353798 SH SOLE 3108907 244891
INDEPENDENT NEWS & MEDIA PLC O COM 0461481 5166 1092500 SH SOLE 1092500
ING GROEP NV ADR COM 456837103 5273 95879 SH SOLE 95879
INTERNATIONAL BUSINESS MACHINE COM 459200101 287480 2224220 SH SOLE 2090970 133250
KIMBERLY CLARK CORP COM 494368103 239377 4199600 SH SOLE 3895500 304100
KLM ROYAL DUTCH AIRLINES ADR COM 482516101 7872 275600 SH SOLE 275600
KONINKLIJKE KPN NV SPONSORED A COM 780641205 5251 109400 SH SOLE 109400
KONINKLIJKE PHILIPS ELECTRONIC COM 500472204 503901 4995304 SH SOLE 4795552 199752
LAGARDERE GROUPE SPONSORED ADR COM 507069102 5242 140800 SH SOLE 140800
MONSANTO CO COM 611662107 224217 5667400 SH SOLE 5406400 261000
MOTOROLA INC COM 620076109 305908 3228577 SH SOLE 3056884 171693
NEWS CORP LTD CLASS A SPONSORE COM 652487802 414100 13120000 SH SOLE 12553700 566300
NORTEL NETWORKS CORP COM 656569100 253701 2922400 SH SOLE 2803150 119250
NORTHWEST AIRLINES CORP COM 667280101 108178 3328550 SH SOLE 3224650 103900
PENINSULAR & ORIENTAL COM 707190401 4819 160400 SH SOLE 160400
PHILIP MORRIS COMPANIES, INC COM 718154107 384764 9574230 SH SOLE 9342480 231750
R.H. DONNELLEY CORPORATION COM 74955W307 49415 2526000 SH SOLE 2526000
ROYAL & SUN ALLIANCE INSURANCE COM 78004V202 5547 123699 SH SOLE 123699
ROYAL CARIBBEAN CRUSES LTD. COM V7780T103 75370 1722750 SH SOLE 1641750 81000
TENET HEALTHCARE CORP COM 88033G100 81155 4372013 SH SOLE 4168890 203123
TEXACO INC COM 881694103 47243 757400 SH SOLE 699500 57900
TRW INC COM COM 872649108 198999 3626400 SH SOLE 3522100 104300
TYCO INTERNATIONAL LIMITED COM 902124106 221658 233940 SH SOLE 2238750 100650
UBS AG ORD SHRS COM 5485958 5061 16950 SH SOLE 16950
UPM KYMMENE CORP ADR COM 915436109 100172 3186400 SH SOLE 3051650 134750
US BANCORP COM 902973106 236675 7091400 SH SOLE 6759100 332300
US WEST INC. COMMUNICATIONS COM 91273H101 131465 2237700 SH SOLE 2118200 119500
VIVENDI SPONSORED ADR COM 92851S105 5013 309450 SH SOLE 309450
WASTE MANAGEMENT INC COM 94106L109 460063 8559309 SH SOLE 8129809 429500
WEYERHAEUSER CO COM 962166104 104864 1525300 SH SOLE 1433450 91850
XEROX CORP COM 984121103 385421 6525650 SH SOLE 6175600 350050
GRAND TOTAL 12,421,213
</TABLE>
