UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended: September 30, 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 & Controller
Phone: (312) 424-9100
Signature, Place, and Date of Signing:
/s/ Robert J. Lukaszewicz Chicago, Illinois 10/28/99
- -------------------------- ------------------- ----------
(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: 76
Form 13F Information Table Value Total: $10,718,231
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>
<TABLE>
FORM 13F INFORMATION TABLE
TITLE
OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER 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>
AMR Corp COM 001765106 109793 2014550 SH SOLE 1893500 121050
AT&T Corp COM 001957109 131221 3016586 SH SOLE 2871409 145177
AXA ADR COM 054536107 5012 78550 SH SOLE 78550
Akzo Nobel ADR COM 010199305 236046 5521550 SH SOLE 5328750 192800
Allied Domecq PLC ADR COM 019121102 1090 191100 SH SOLE 191100
American Home Products Corp COM 026609107 261960 6312300 SH SOLE 6018800 293500
Ashland Inc COM 044204105 79217 2355900 SH SOLE 2267200 88700
Associates First Capital Corp COM 046008108 172404 4789000 SH SOLE 4573900 215100
Aviva Petroleum Inc-Dep Shr COM 05379P304 2 29212 SH SOLE 29212
Bank Austria Aktiengesellschaf COM 060593100 3687 370300 SH SOLE 370300
Bank of America Corp COM 060505104 308729 5543949 SH SOLE 5264280 279669
Bausch and Lomb Inc COM 071707103 45658 692450 SH SOLE 582650 109800
Baxter International Inc COM 071813109 254671 4226900 SH SOLE 3995750 231150
Becton Dickinson and Co COM 075887109 66373 2365200 SH SOLE 2186850 178350
Bell Atlantic Corp COM 077853109 252948 3757810 SH SOLE 3560710 197100
Bestfoods COM 08658U101 80580 1659300 SH SOLE 1501750 157550
Bristol Myers Squibb Co COM 110122108 188901 2798530 SH SOLE 2662080 136450
Cigna Corp COM 125509109 118748 1527300 SH SOLE 1451650 75650
Citigroup Inc COM 172967101 385135 8753062 SH SOLE 8334690 418372
Clariant AG Reg Ord COM 5479757 906 2000 SH SOLE 2000
Compagnie Financiere Richemont COM 204318109 492 24300 SH SOLE 24300
Continental Airlines Inc Cl B COM 210795308 58035 1772050 SH SOLE 1629550 142500
Dana Corp COM 235811106 167660 4516100 SH SOLE 4223400 292700
Dayton Hudson Corp COM 239753106 298619 4971800 SH SOLE 4730950 240850
Deutsche Telekom AG Sponsored COM 251566105 5009 119800 SH SOLE 119800
Diageo PLC ADR COM 25243Q205 3858 93100 SH SOLE 93100
Dun & Bradstreet Corp (New) COM 26483B106 227817 7625670 SH SOLE 7237920 387750
ENI SpA ADS COM 26874R108 257065 4080400 SH SOLE 3882550 197850
Electronic Data Systems Corp COM 285661104 214535 4052600 SH SOLE 3850500 202100
Elf Aquitaine ADR COM 286269105 251958 2749880 SH SOLE 2627720 122160
Federated Dept Stores COM 31410H101 189740 4343125 SH SOLE 4107825 235300
Ford Motor Co COM 345370100 264285 5259400 SH SOLE 4960350 299050
Fort James Corp COM 347471104 99515 3728900 SH SOLE 3544250 184650
Fox Entertainment Group Inc COM 35138T107 89861 4266400 SH SOLE 3876600 389800
Gannett Inc COM 364730101 222991 3223000 SH SOLE 3049450 173550
General Motors Class H Stock COM 370442832 175526 3065950 SH SOLE 2949550 116400
General Motors Corp COM 370442105 296591 4712475 SH SOLE 4487525 224950
Granada Group PLC Ord Shs COM 0734945 4473 522500 SH SOLE 522500
Hartford Financial Services Gr COM 416515104 123774 3028100 SH SOLE 2867850 160250
Hellenic Telecommunications Or COM 423325307 4365 390200 SH SOLE 390200
Hoechst AG Sponsored ADR COM 434390308 384133 8830650 SH SOLE 8509500 321150
Host Marriott Corp COM 44107P104 60899 6410430 SH SOLE 6076925 333505
Household International Inc COM 441815107 293806 7322269 SH SOLE 6934319 387950
ING Groep N V ADR COM 456837103 9071 165679 SH SOLE 165679
Independent News &
Media PLC O COM 0461481 4925 980700 SH SOLE 980700
International Business
Machine COM 459200101 196742 1625970 SH SOLE 1537220 88750
<PAGE>
International Paper Co COM 460146103 245467 5107250 SH SOLE 4865650 241600
Jefferson Smurfit Group
PLC AD COM 47508W107 4426 151000 SH SOLE 151000
KLM Royal Dutch Airlines ADR COM 482516309 5256 201200 SH SOLE 201200
Kimberly Clark Corp COM 494368103 230668 4372850 SH SOLE 4034750 338100
Koninklijke KPN N V Sponsored COM 780641205 5140 115500 SH SOLE 115500
Koninklijke Philips Electronic COM 500472204 339466 3361046 SH SOLE 3225841 135205
Lowes Cos Inc COM 548661107 10822 222000 SH SOLE 211400 10600
Motorola Inc COM 620076109 254137 2887923 SH SOLE 2735505 152418
News Corp Ltd Class A Sponsore COM 652487802 301314 11290450 SH SOLE 10872650 417800
Nortel Networks Corp COM 656569100 230737 4524250 SH SOLE 4335150 189100
Northwest Airlines Corp COM 667280101 104828 4110900 SH SOLE 4004700 106200
Peninsular & Oriental COM 707190401 4611 151500 SH SOLE 151500
Philip Morris Companies, Inc COM 718154107 311463 9110430 SH SOLE 8896230 214200
Providian Financial Corp COM 74406A102 120781 1525250 SH SOLE 1451850 73400
R.H. Donnelley Corporation COM 74955W307 49781 2672800 SH SOLE 2666300 6500
Roche Holdings Ltd Sponsored A COM 771195104 440 3800 SH SOLE 3800
Royal & Sun Alliance Insurance COM 78004V202 5428 137654 SH SOLE 137654
Seagram Company Ltd COM 811850106 253747 5576850 SH SOLE 5350500 226350
TRW Inc COM 872649108 158071 3177300 SH SOLE 3079950 97350
Texaco Inc COM 881694103 39870 631600 SH SOLE 575300 56300
Tricon Global Restaurants Inc COM 895953107 135679 3314300 SH SOLE 3163800 150500
Tyco International Ltd COM 902124106 145464 1408850 SH SOLE 1348400 60450
U.S. Bancorp COM 902973106 237319 7861500 SH SOLE 7495850 365650
UBS AG Ord Shrs COM 5485958 4890 17350 SH SOLE 17350
UPM Kymmene Corp ADR COM 915436109 4728 138050 SH SOLE 138050
US West Inc COM 91273H101 306366 5368950 SH SOLE 5108600 260350
Vivendi Sponsored ADR COM 92851S105 4986 354950 SH SOLE 354950
Weyerhaeuser Co COM 962166104 263153 4566650 SH SOLE 4356150 210500
Whirlpool Corp COM 963320106 42558 651600 SH SOLE 617300 34300
Xerox Corp COM 984121103 287809 6862800 SH SOLE 6508600 354200
Grand Total 10,718,231
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