UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended: March 31, 1999
Check here if Amendment [ ]; Amendment Number:_____
This Amendment (Check only one.): [ ] is a restatement.
[ ] 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 and Controller
Phone: (312) 424-9100
Signature, Place, and Date of Signing:
/s/Robert J. Lukaszewicz Chicago, Illinois May 12, 1999
- ------------------------ ----------------- -------------
(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
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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: $11,339,649,000
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.
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FORM 13F INFORMATION TABLE
Name of Issuer Title Cusip Value Shares/ SH/ Put/ Invstmt Other Voting Authority
of (x$1000) PRN AMT PRN Call Dscretn Mangers Sole Shared None
Class
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AKZO NOBEL ADR COM 010199305 237196 6410700 SH SOLE 6202450 208250
ALLSTATE CORP COM COM 020002101 237104 6397400 SH SOLE 6069250 328150
AMERICAN HOME PRODUCTS COM 026609107 126670 1941296 SH SOLE 1831846 109450
AMERITECH CORP COM 030954101 331275 5748800 SH SOLE 5471700 277100
AT&T COM 001957109 327690 4105751 SH SOLE 3913534 192217
AVIVA PETROLEUM INC-DEP SHR COM 05379P304 4 29212 SH SOLE 29212
AXA UAP ADR COM 054536107 4859 73350 SH SOLE 73350
BANK AUSTRIA
AKTIENGESELLSCHAF COM 060593100 4405 369700 SH SOLE 369700
BANK OF AMERICA CORP COM 060505104 446177 6317549 SH SOLE 6011112 306437
BAUSCH AND LOMB INC COM 071707103 43023 661900 SH SOLE 569100 92800
BAXTER INTERNATIONAL INC COM 071813109 277791 4208950 SH SOLE 3978000 230950
BELL ATLANTIC CORP COM 077853109 396718 7675310 SH SOLE 7304460 370850
BESTFOODS COM 08658U101 212814 4527950 SH SOLE 4245600 282350
BOC GROUP PLC SPONSORED ADR COM 055617609 493 18000 SH SOLE 18000
BRISTOL MYERS SQUIBB CO COM 110122108 361943 5644330 SH SOLE 5392780 251550
CIGNA CORP COM 125509109 286593 3419450 SH SOLE 3268600 150850
CITIGROUP INC COM 172967101 371403 5814534 SH SOLE 5538334 276200
COMPAGNIE FINANCIERE
RICHEMONT COM 204318109 513 30800 SH SOLE 30800
COMPUTER ASSOCIATES INTL INC COM 204912109 160604 4516100 SH SOLE 4290900 225200
DAIMLERCHRYSLER AG ORD SHRS COM D1668R123 6578 76651 SH SOLE 76651
DAYTON HUDSON CORP COM 239753106 254101 3813900 SH SOLE 3643950 169950
DIAGEO PLC ADR COM 25243Q205 5325 116400 SH SOLE 116400
DUN & BRADSTREET CORP (NEW) COM 26483B106 253603 7118670 SH SOLE 6759970 358700
ELF AQUITAINE ADR COM 286269105 299728 4452790 SH SOLE 4269670 183120
ENDESA SA COM 29258N107 6204 249400 SH SOLE 249400
FEDERATED DEPT. STORE INC DEL COM 31410H101 249791 6225325 SH SOLE 5910225 315100
FIRST DATA CORP COM 319963104 185073 4329200 SH SOLE 4081550 247650
FOX ENTERTAINMENT GROUP INC COM 35138T107 22549 831300 SH SOLE 703700 127600
GANNETT INC COM 364730101 259355 4116750 SH SOLE 3917500 199250
GENERAL MOTORS CLASS H STOCK COM 370442832 81984 1625450 SH SOLE 1555350 70100
GENERAL MOTORS CORP COM 370442105 420056 4828225 SH SOLE 4611525 216700
GRANADA GROUP PLC ORD SHS COM 0381125 4445 219300 SH SOLE 219300
HARTFORD FINANCIAL
SERVICES GR COM 416515104 190305 3349700 SH SOLE 3167200 182500
HOECHST AG SPONSORED ADR COM 434390308 391711 9030800 SH SOLE 8730700 300100
HOST MARRIOTT CORP COM 44107P104 130076 11692180 SH SOLE 11239380 452800
HOUSEHOLD INTERNATIONAL INC COM 441815107 325243 7128619 SH SOLE 6779950 348669
HUMANA INC COM 444859102 103528 6001600 SH SOLE 5661000 340600
IMC GLOBAL COM 449669100 137184 6712361 SH SOLE 6426870 285491
ING GROEP NV ADR COM 456837103 5072 92329 SH SOLE 92329
INTERNATIONAL BUSINESS
MACHINE COM 459200101 332731 1877185 SH SOLE 1772985 104200
KIMBERLY CLARK CORP COM 494368103 247168 5156050 SH SOLE 4821800 334250
KLM ROYAL DUTCH AIRLINES ADR COM 482516101 4598 165700 SH SOLE 165700
KONINKLIJKE PHILIPS
ELECTRONIC COM 500472105 442958 5373255 SH SOLE 5174955 198300
MONSANTO CO COM 611662107 224088 4878100 SH SOLE 4659500 218600
MOTOROLA INC COM 620076109 331008 4518877 SH SOLE 4289584 229293
NEWS CORP LTD CLASS A
SPONSORE COM 652487802 367870 13377100 SH SOLE 12866000 511100
NORTEL NETWORKS CORP COM 656569100 274565 4419550 SH SOLE 4249050 170500
NOVARTIS AG SPONSORED ADR COM 66987V109 4774 58700 SH SOLE 58700
PENINSULAR & ORIENTAL COM 707190401 4833 165400 SH SOLE 165400
PHILIP MORRIS COMPANIES, INC COM 718154107 285296 8107880 SH SOLE 7923930 183950
PORTUGAL TELECOM SA ADR COM 737273102 5236 119500 SH SOLE 119500
R.H. DONNELLEY CORPORATION COM 74955W307 26937 1744900 SH SOLE 1744900
REYNOLDS METALS CO COM 761763101 51086 1057400 SH SOLE 1002300 55100
ROYAL & SUN ALLIANCE
INSURANCE COM 78004V103 4465 94600 SH SOLE 94600
ROYAL CARIBBEAN CRUISES LTD. COM V7780T103 120457 3088650 SH SOLE 2955550 133100
STERLING COMMERCE INC COM 859205106 60036 1952400 SH SOLE 1815900 136500
STORAGE TECHNOLOGY CORP COM 862111200 81182 2912350 SH SOLE 2762450 149900
TELECOM ITALIA SPA COM 87927W106 9159 87750 SH SOLE 87750
TENET HEALTHCARE CORP COM 88033G100 112288 5929425 SH SOLE 5700002 229423
TEXACO INC COM 881694103 53654 945450 SH SOLE 870050 75400
UAL CORP COM 902549500 54349 697900 SH SOLE 661350 36550
UBS AG ORD SHRS COM 5485958 4567 14500 SH SOLE 14500
UNITED STATES FILTER CORP COM 911843209 128230 4187100 SH SOLE 3998900 188200
UPM KYMMENE CORP ADR COM 915436109 116929 4224450 SH SOLE 4100600 123850
VIVENDI SPONSORED ADR COM 92851S105 5049 102450 SH SOLE 102450
WASTE MANAGEMENT INC COM 94106L109 395672 8916559 SH SOLE 8498209 418350
WEYERHAEUSER CO COM 962166104 35928 647350 SH SOLE 583850 63500
WILLIAMS COMPANIES INC COM 969457100 80969 2049850 SH SOLE 1947000 102850
XEROX CORP COM 984121103 314381 5890050 SH SOLE 5588050 302000
Grand Total 11,339,649
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