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: McMorgan & Company
Address: One Bush Street, Suite 800
San Francisco, CA 94104
Form 13F File Number: 801-10448
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: Teresa Matzelle
Title: Controller
Phone: 415-788-9300
Signature, Place, and Date of Signing:
Teresa Matzelle San Francisco, CA August 16, 1999
Report Type (Check only one.):
[x] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES
EXCHANGE ACT OF 1934
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 249
Form 13F Information Table Value Total: $ 12,371,667
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>
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 AMR Corp COM 001765106 94397 1383100 SH SOLE 1383100
D AT&T Corp COM 001957109 174688 3129903 SH SOLE 3129903
D Abbott Laboratories COM 002824100 46 1000 SH SOLE 1000
D Abercrombie & Fitch Co COM 002896207 93038 1938294 SH SOLE 1938294
D Adobe Systems Inc COM 00724F101 534 6500 SH SOLE 6500
D Airtouch Communications COM 00949T100 578 5400 SH SOLE 5400
D Albertson's Inc COM 013104104 111351 2159532 SH SOLE 2159532
D Alcoa Inc COM 013817101 110554 1786730 SH SOLE 1786730
D AlliedSignal Inc COM 019512102 378 6000 SH SOLE 6000
D Allstate Corp COM 020002101 1040 29000 SH SOLE 29000
D Alza Corp COM 022615108 36889 725100 SH SOLE 725100
D Amerada Hess Corp COM 023551104 7253 121900 SH SOLE 121900
D American General Corp COM 026351106 151 2000 SH SOLE 2000
D American Home Prods Corp COM 026609107 671 11700 SH SOLE 11700
D American Intl Group Inc COM 026874107 153520 1311440 SH SOLE 1311440
D Ameritech Corp COM 030954101 1264 17200 SH SOLE 17200
D Anheuser Busch Cos Inc COM 035229103 65727 926550 SH SOLE 926550
D Applied Magnetics CP Del COM 038213104 31 10000 SH SOLE 10000
D Applied Materials Inc COM 038222105 118 1600 SH SOLE 1600
D Archer Daniels Midland COM 039483102 902 58431 SH SOLE 58431
D Associates First Capital COM 046008108 60424 1363652 SH SOLE 1363652
D Atlantic Richfield Co COM 048825103 9037 108150 SH SOLE 108150
D Atmel Corp COM 049513104 117 4500 SH SOLE 4500
D Automatic Data Processing Inc COM 053015103 93488 2124720 SH SOLE 2124720
D Avon Products Inc COM 054303102 278 5000 SH SOLE 5000
D BP Amoco PLC - ADR COM 055622104 251371 2316783 SH SOLE 2316783
D BMC Software Inc COM 055921100 230 4250 SH SOLE 4250
D Baker Hughes Inc COM 057224107 63168 1885600 SH SOLE 1885600
D Bancwest Corp COM 059790105 3794 102200 SH SOLE 102200
D Bank of America Corp COM 060505104 244333 3332760 SH SOLE 3332760
D Bank of New York Co COM 064057102 550 15000 SH SOLE 15000
D Bank One Corp. COM 06423A103 596 10000 SH SOLE 10000
D Bausch & Lomb Inc COM 071707103 421 5500 SH SOLE 5500
D Baxter International Inc COM 071813109 114351 1886200 SH SOLE 1886200
D Bell Atlantic Corp COM 077853109 207 3160 SH SOLE 3160
D Bellsouth Corp COM 079860102 42 900 SH SOLE 900
D Belo A H Corp COM 080555105 295 15000 SH SOLE 15000
D Berkshire Hathaway Inc COM 084670207 39589 17603 SH SOLE 17603
D Bestfoods COM 08658U101 81425 1644950 SH SOLE 1644950
D Boeing Co COM 097023105 37914 858030 SH SOLE 858030
D Bristol Myers Squibb Co COM 110122108 237431 3370810 SH SOLE 3370810
D Buenos Aires Emb COM 119424208 123 81000 SH SOLE 81000
D Burlington Resources Inc. COM 122014103 33094 765175 SH SOLE 765175
D CSX COM 126408103 59396 1310800 SH SOLE 1310800
D Cabletron Systems COM 126920107 3900 300000 SH SOLE 300000
D Carrizo Oil & Gas Inc. COM 144577103 19 10000 SH SOLE 10000
D Caterpillar Inc COM 149123101 228 3800 SH SOLE 3800
D CBS Corp COM 12490k107 327 7500 SH SOLE 7500
D Central and South West Corp COM 152357109 475 20300 SH SOLE 20300
D Chase Manhattan Corp COM 16161A108 430274 4967088 SH SOLE 4967088
D Chevron Corp COM 166751107 133036 1397620 SH SOLE 1397620
D Chubb Corp COM 171232101 101799 1464727 SH SOLE 1464727
D Cisco Sys Inc COM 17275R102 1429 22150 SH SOLE 22150
D Citigroup COM 172967101 289771 6100446 SH SOLE 6100446
D Coastal Corp COM 190441105 40 1000 SH SOLE 1000
D Coca Cola Enterprises COM 191219104 393 13200 SH SOLE 13200
D Columbia/HCA Healthcare Corp COM 197677107 29813 1306875 SH SOLE 1306875
D Compaq Computer Corp COM 204493100 304370 12849400 SH SOLE 12849400
D Computer Associates Int'l Inc COM 204912109 24893 452600 SH SOLE 452600
D Computer Sciences Corp COM 205363104 90 1300 SH SOLE 1300
D Comsat Corp COM 20564d107 130 4000 SH SOLE 4000
D Conagra Inc COM 205887102 399 15000 SH SOLE 15000
D Consolidated Edison COM 209115104 566 12500 SH SOLE 12500
D Consolidated Stores Corp COM 210149100 203 7500 SH SOLE 7500
D Continental Airlines Inc COM 210795308 282 7500 SH SOLE 7500
D Cooper Industries Inc COM 216669101 50443 970050 SH SOLE 970050
D Costco Companies, Inc COM 22160Q102 82786 1034022 SH SOLE 1034022
D Dayton Hudson Corp COM 239753106 488 7500 SH SOLE 7500
D Deere & Co COM 244199105 476 12000 SH SOLE 12000
D Delphi Automotive System COM 247126105 16162 870699 SH SOLE 870699
D Dillard Department Stores COM 254067101 34447 980700 SH SOLE 980700
D Disney Walt Co COM 254687106 64811 2103400 SH SOLE 2103400
D Dole Food Inc COM 256605106 643 21900 SH SOLE 21900
D Dow Chemical Co COM 260543103 81890 645440 SH SOLE 645440
D Du Pont E I De Nemours COM 263534109 131276 1921700 SH SOLE 1921700
D Eastman Kodak Co COM 277461109 60968 899900 SH SOLE 899900
D Eastman Chemical Co COM 277432100 373 7200 SH SOLE 7200
D Edison International Inc COM 281020107 79918 2987600 SH SOLE 2987600
D El Paso Energy Corporation COM 283905107 40990 1164898 SH SOLE 1164898
D Electronic Data Systems COM 285661104 1131 20000 SH SOLE 20000
D Emerson Electric Co COM 291011104 104373 1660005 SH SOLE 1660005
D Ethyl Corp COM 297659104 823 137100 SH SOLE 137100
D Exxon Corp COM 302290101 194509 2522000 SH SOLE 2522000
D FPL Group COM 302571104 781 14300 SH SOLE 14300
D Federal Express COM 31304N107 922 17000 SH SOLE 17000
D Federal Home Ln Mtg Corp COM 313400301 4959 85500 SH SOLE 85500
D Federal Natl Mtg Assn COM 313586109 400872 5862850 SH SOLE 5862850
D First American Finl Corp COM 318522307 89 5000 SH SOLE 5000
D First Data Corp COM 319963104 1419 29000 SH SOLE 29000
D First Health Group Corp COM 320960107 386 17900 SH SOLE 17900
D First Union Corp COM 337358105 108 2300 SH SOLE 2300
D First ULB Corp COM 337991103 3958 395800 SH SOLE 395800
D Fleet Financial Group Inc COM 338915101 1686 38000 SH SOLE 38000
D Fleming Companies, Inc. COM 339130106 81 7000 SH SOLE 7000
D Ford Motor Co COM 345370100 114001 2019950 SH SOLE 2019950
D Foundation Health Systems Inc COM 350404109 6000 400000 SH SOLE 400000
D Franklin Resources Inc COM 354613101 284 7000 SH SOLE 7000
D GTE Corp COM 362320103 227737 3006434 SH SOLE 3006434
D Gannett Inc COM 364730101 535 7500 SH SOLE 7500
D General Electric Co COM 369604103 485685 4298097 SH SOLE 4298097
D General Mills Inc COM 370334104 39705 494000 SH SOLE 494000
D General Motors Corp COM 370442105 82154 1244750 SH SOLE 1244750
D Genzyme Corp COM 372917104 184 3800 SH SOLE 3800
D Georgia Pacific Corp COM 373298108 62287 1314762 SH SOLE 1314762
D Georgia Pacific Corp COM 373298702 1942 76925 SH SOLE 76925
D Golden State Bancorp COM 381197102 90 4000 SH SOLE 4000
D Golden West Financial Corp COM 381317106 960 9800 SH SOLE 9800
D Health Care & Ret Corp COM 404134108 423 17500 SH SOLE 17500
D Halliburton Co COM 406216101 611 13500 SH SOLE 13500
D Hartford Financial Serv COM 416515104 292 5000 SH SOLE 5000
D Hawaiian Electric Industries COM 419870100 2680 75500 SH SOLE 75500
D Health Mgmt Associates Inc COM 421933102 338 30000 SH SOLE 30000
D Hewlett Packard Co COM 428236103 244989 2437700 SH SOLE 2437700
D Hibernia Corp COM 428656102 126 8000 SH SOLE 8000
D Hilton Hotels Corp COM 432848109 16383 1154750 SH SOLE 1154750
D Honeywell Inc COM 438506107 145681 1257225 SH SOLE 1257225
D Household Intl Inc COM 441815107 592 12500 SH SOLE 12500
D IBP Inc COM 449223106 23762 1000500 SH SOLE 1000500
D Intl Business Machines COM 459200101 336117 2600518 SH SOLE 2600518
D IMC Global Inc COM 449669100 53 3000 SH SOLE 3000
D IMS Health Inc COM 449934108 47503 1520100 SH SOLE 1520100
D Idacorp Inc COM 451107106 126 4000 SH SOLE 4000
D Illinois Tool Works Inc COM 452308109 6708 81800 SH SOLE 81800
D Ingersoll Rand Co COM 456866102 22443 347275 SH SOLE 347275
D Intel Corp COM 458140100 524495 8815050 SH SOLE 8815050
D Intl Paper Co COM 460146103 25 500 SH SOLE 500
D Johnson & Johnson COM 478160104 173440 1769797 SH SOLE 1769797
D K Mart Corp COM 482584109 822 50000 SH SOLE 50000
D Kemet Corp COM 488360108 126 5500 SH SOLE 5500
D Kimberly Clark Corp COM 494368103 49990 877020 SH SOLE 877020
D Knight-Ridder Inc COM 499040103 48914 890350 SH SOLE 890350
D Kroger Co COM 501044101 1397 50000 SH SOLE 50000
D LifePoint Hospitals Inc COM 53219L109 896 66647 SH SOLE 66647
D Lilly Eli & Co COM 532457108 161114 2249416 SH SOLE 2249416
D Lockheed Martin Corp COM 539830109 1039 27900 SH SOLE 27900
D Loews Corp COM 540424108 712 9000 SH SOLE 9000
D Lucent Technologies Inc COM 549463107 228212 3384059 SH SOLE 3384059
D MBNA Corp COM 55262L100 306 10000 SH SOLE 10000
D MCI Worldcom Inc COM 55268B106 196402 2277137 SH SOLE 2277137
D Masco Corp COM 574599106 228 7900 SH SOLE 7900
D May Department Stores Co COM 577778103 94290 2306800 SH SOLE 2306800
D McKesson HBOC Inc COM 58155Q103 129 4000 SH SOLE 4000
D Mediaone Group Inc COM 58440J104 186 2500 SH SOLE 2500
D Merck & Co Inc COM 589331107 252482 3411920 SH SOLE 3411920
D Merrill Lynch & Co Inc COM 590188108 596 7500 SH SOLE 7500
D Minnesota Mng & Mfg Co COM 604059105 76134 875730 SH SOLE 875730
D Mobil Corp COM 607059102 150435 1519550 SH SOLE 1519550
D Monsanto Co COM 611662107 83443 2115825 SH SOLE 2115825
D Morgan J P & Co Inc COM 616880100 88206 627800 SH SOLE 627800
D Motorola Inc COM 620076109 188462 1989050 SH SOLE 1989050
D NCR Corp COM 62886E108 195 4000 SH SOLE 4000
D RJR Nabisco Hldgs Corp COM 62952P102 411 21000 SH SOLE 21000
D National Data Corp COM 635621105 107 2500 SH SOLE 2500
D National Semiconductor Corp COM 637640103 709 28000 SH SOLE 28000
D Network Equipment Tech Inc COM 641208903 69 7000 SH SOLE 7000
D Newmont Mining Corp COM 651639106 13639 686251 SH SOLE 686251
D The News Corporation Ltd COM 652487802 988 31300 SH SOLE 31300
D Nisource Inc. COM 65473P105 258 10000 SH SOLE 10000
D Noble Drilling Corp COM 655042109 15860 805600 SH SOLE 805600
D Nordstrom, Inc. COM 655664100 536 16000 SH SOLE 16000
D Northwest Airlines Corp COM 667280101 163 5000 SH SOLE 5000
D Occidental Petroleum Corp COM 674599105 549 26000 SH SOLE 26000
D Peco Energy Co COM 693304107 60470 1444050 SH SOLE 1444050
D PG&E Corp COM 69331C108 74594 2295208 SH SOLE 2295208
D PPG Industries Inc COM 693506107 93260 1579000 SH SOLE 1579000
D Pairgain Technologies COM 695934109 92 8000 SH SOLE 8000
D Panamsat Corp COM 697933109 6814 175000 SH SOLE 175000
D Parametric Technology Corp COM 699173100 42192 3040850 SH SOLE 3040850
D Park Place Entertainment Corp COM 700690100 10218 1054750 SH SOLE 1054750
D Penney J C Inc COM 708160106 65640 1351651 SH SOLE 1351651
D Pepsi Bottling Group Inc COM 713409100 636 27500 SH SOLE 27500
D Pepsico Inc COM 713448108 149984 3876820 SH SOLE 3876820
D Permian Basin Royalty Trust COM 714236106 20938 5000000 SH SOLE 5000000
D Phamacia & Upjohn Inc COM 716941109 881 15500 SH SOLE 15500
D Pfizer Inc. COM 717081103 44 400 SH SOLE 400
D Philip Morris Cos Inc COM 718154107 229917 5721100 SH SOLE 5721100
D Phillips Petroleum Co COM 718507106 3099 61600 SH SOLE 61600
D Pier 1 Imports COM 720279108 56 5000 SH SOLE 5000
D Procter & Gamble COM 742718109 95047 1064950 SH SOLE 1064950
D RCM Strategic Global Govt Fd COM 74936A101 3555 364625 SH SOLE 364625
D Raychem corp Del COM 754603108 796 21500 SH SOLE 21500
D Raytheon Co COM 755111309 3819 55446 SH SOLE 55446
D Raytheon Co COM 755111408 63 900 SH SOLE 900
D R J Reynolds Tobacco Holdings COM 76182K105 220 6999 SH SOLE 6999
D Rio Tinto COM 767204100 269 4000 SH SOLE 4000
D Rockwell Intl Corp New COM 773903109 91 1500 SH SOLE 1500
D Royal Dutch Petroleum NY Re COM 780257804 78147 1297050 SH SOLE 1297050
D SBC Communications Inc COM 78387G103 284698 4908581 SH SOLE 4908581
D Safeway Inc COM 786514208 990 20000 SH SOLE 20000
D St Jude Medical Inc COM 790849103 10958 307593 SH SOLE 307593
D Saks Incorporated COM 79377W108 289 10000 SH SOLE 10000
D The St. Paul Companies, Inc. COM 792860108 700 22000 SH SOLE 22000
D San Juan Basin Royalty Tr COM 798241105 24375 3000000 SH SOLE 3000000
D Sanmina Corp COM 800907107 569 7500 SH SOLE 7500
D Sara Lee Corp COM 803111103 80974 3569110 SH SOLE 3569110
D Schering-Plough Corp COM 806605101 277129 5229052 SH SOLE 5229052
D Schlumberger Ltd COM 806857108 60073 943250 SH SOLE 943250
D Schwab (Charles) Corp COM 808513105 769 7000 SH SOLE 7000
D Scripps Howard Inc COM 811054204 595 12500 SH SOLE 12500
D Seagate Technology Inc COM 811804103 45678 1782550 SH SOLE 1782550
D Sealed Air Corp COM 81211K100 260 4000 SH SOLE 4000
D Shared Medical Systems Corp COM 819486101 163 2500 SH SOLE 2500
D Solectron Corp COM 834182107 160 2400 SH SOLE 2400
D Solutia Inc COM 834376105 4266 200174 SH SOLE 200174
D Southerntrust Corp COM 844730101 230 6000 SH SOLE 6000
D Southwest Air COM 844741108 47 1500 SH SOLE 1500
D Stone Energy Group COM 861642106 170 4000 SH SOLE 4000
D Storage Technology Corp COM 862111200 496 21800 SH SOLE 21800
D Sungard Data Systems COM 867363103 204 5900 SH SOLE 5900
D Sybase, Inc. COM 871130100 246 22400 SH SOLE 22400
D Texaco Inc COM 881694103 149603 2393650 SH SOLE 2393650
D Texas Instruments COM 882508104 72 500 SH SOLE 500
D Texas Utils Co COM 882848104 705 17100 SH SOLE 17100
D Time Warner Inc COM 887315109 110576 1504550 SH SOLE 1504550
D Transocean Offshore Inc COM 893817106 394 15000 SH SOLE 15000
D Travelers Property Casual Corp COM 893939108 254 6500 SH SOLE 6500
D Triad Hospitals Inc COM 89579K109 900 66649 SH SOLE 66649
D Tyco Intl Ltd New COM 902124106 362621 3827130 SH SOLE 3827130
D Tyson Foods Inc COM 902494103 191 8500 SH SOLE 8500
D United Airlines COM 902549500 130 2000 SH SOLE 2000
D USX Marathon Corp. COM 902905827 814 25000 SH SOLE 25000
D U S Bancorp COM 902973106 106825 3141900 SH SOLE 3141900
D Ullico Inc COM 904500$Z1 8 325 SH SOLE 325
D Unicom Corp COM 904911104 77696 2014800 SH SOLE 2014800
D Union Pacific Corp COM 907818108 321 5500 SH SOLE 5500
D Union Pac Res Group Inc COM 907834105 1087 66647 SH SOLE 66647
D United Healthcare Corp COM 910581107 72993 1165550 SH SOLE 1165550
D U S Inds Inc New COM 912080108 383 22500 SH SOLE 22500
D U S West Inc COM 91273H101 71 1205 SH SOLE 1205
D United Technologies Corp COM 913017109 18647 260114 SH SOLE 260114
D Unocal Corp COM 915289102 11545 291350 SH SOLE 291350
D UNOVA, Inc. COM 91529B106 251 15800 SH SOLE 15800
D Utilicorp United Inc COM 918005109 486 20000 SH SOLE 20000
D Valassis Communications Inc COM 918866104 154 4200 SH SOLE 4200
D Valero Energy Corp New COM 91913Y100 284 13250 SH SOLE 13250
D Vodafone Airtouch Public Ltd COM 92857T107 176256 894700 SH SOLE 894700
D Wal-Mart Stores Inc COM 931142103 134585 2789325 SH SOLE 2789325
D Walgreen Co COM 931422109 96353 3280100 SH SOLE 3280100
D Warner Lambert Co COM 934488107 192113 2769200 SH SOLE 2769200
D Washington Fed Inc COM 938824109 69 3060 SH SOLE 3060
D Wells Fargo & Co COM 949746101 1924 45000 SH SOLE 45000
D Wendy's International Inc COM 950590109 167 5900 SH SOLE 5900
D Weyerhaeuser Co COM 962166104 34 500 SH SOLE 500
D Wisconsin Energy Corp COM 976657106 431 17200 SH SOLE 17200
D Xerox Corp COM 984121103 21770 368600 SH SOLE 368600
D Terra Nova COM G87615103 135 5000 SH SOLE 5000
D Tommy Hilfiger Corp COM G8915Z102 132 3600 SH SOLE 3600
D Transocean Offshore Inc COM G90076103 394 15000 SH SOLE 15000
D Security Capital US Realty COM L8182A107 45 6000 SH SOLE 6000
S REPORT SUMMARY 250 DATA RECORDS 12371667 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
