UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 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 November 15, 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: 173
Form 13F Information Table Value Total: $ 11,533,164
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>
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FORM 13F INFORMATION 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
D AMR Corp COM 001765106 77722 1426100 SH SOLE 1347050 79050
D AT&T Corp COM 001957109 136712 3142803 SH SOLE 2980203 162600
D Abbott Laboratories COM 002824100 37 1000 SH SOLE 1000 0
D Abercrombie & Fitch Co COM 002896207 68817 2020314 SH SOLE 1922586 97728
D Adobe Systems Inc COM 00724F101 454 4000 SH SOLE 4000 0
D Albertson's Inc COM 013104104 92455 2336932 SH SOLE 2207432 129500
D Alcoa Inc COM 013817101 109902 1770830 SH SOLE 1661030 109800
D AlliedSignal Inc COM 019512102 360 6000 SH SOLE 6000 0
D Allstate Corp COM 020002101 686 27500 SH SOLE 27500 0
D Alza Corp COM 022615108 30846 720500 SH SOLE 671000 49500
D Amerada Hess Corp COM 023551104 747 12200 SH SOLE 10300 1900
D American Home Prods Corp COM 026609107 17 400 SH SOLE 0 400
D American Intl Group Inc COM 026874107 144195 1658601 SH SOLE 1550476 108125
D Ameritech Corp COM 030954101 1115 16600 SH SOLE 16600 0
D Anheuser Busch Cos Inc COM 035229103 62177 887450 SH SOLE 822250 65200
D Applied Magnetics CP Del COM 038213104 9 10000 SH SOLE 10000 0
D Applied Materials Inc COM 038222105 125 1600 SH SOLE 0 1600
D Archer Daniels Midland COM 039483102 545 44750 SH SOLE 25450 19300
D Associates First Capital COM 046008108 52482 1457832 SH SOLE 1390176 67656
D Atlantic Richfield Co COM 048825103 3594 40550 SH SOLE 36250 4300
D Automatic Data Processing Inc COM 053015103 97203 2178220 SH SOLE 2064720 113500
D BP Amoco PLC COM 055622104 234056 2112180 SH SOLE 1991021 121159
D Baker Hughes Inc COM 057224107 52910 1824500 SH SOLE 1707500 117000
D Bancwest Corp COM 059790105 4152 102200 SH SOLE 102200 0
D Bank of America Corp COM 060505104 193175 3468905 SH SOLE 3263236 205669
D Bank One Corp. COM 06423A103 25935 745000 SH SOLE 697400 47600
D Baxter International Inc COM 071813109 115511 1917200 SH SOLE 1806800 110400
D Bell Atlantic Corp COM 077853109 118 1754 SH SOLE 1754 0
D Berkshire Hathaway Inc COM 084670207 29887 16103 SH SOLE 15717 386
D Bestfoods COM 08658U101 81099 1672150 SH SOLE 1591500 80650
D Boeing Co COM 097023105 29302 687430 SH SOLE 628730 58700
D Bristol Myers Squibb Co COM 110122108 228157 3380110 SH SOLE 3184810 195300
D Buenos Aires Emb COM 119424208 123 81000 SH SOLE 81000 0
D Burlington Resources Inc COM 122014103 28546 776775 SH SOLE 736375 40400
D CSX Corp COM 126408103 57927 1367000 SH SOLE 1282500 84500
D Central and South West Corp COM 152357109 106 5000 SH SOLE 5000 0
D Chase Manhattan Corp COM 16161A108 377228 5004682 SH SOLE 4725034 279648
D Chevron Corp COM 166751107 124012 1397320 SH SOLE 1319070 78250
D Chubb Corp COM 171232101 76469 1535127 SH SOLE 1448427 86700
D Cisco Sys Inc COM 17275R102 70301 1025350 SH SOLE 969350 56000
D Citigroup COM 172967101 275504 6261446 SH SOLE 5908546 352900
D Columbia/HCA Healthcare Corp COM 197677107 28093 1325925 SH SOLE 1243675 82250
D Comerica Inc COM 200340107 210 4150 SH SOLE 4150 0
D Compaq Computer Corp COM 204493100 294651 12845800 SH SOLE 12119968 725832
D Computer Associates Int'l Inc COM 204912109 67 1100 SH SOLE 1100 0
D Conexant Systems Inc. COM 207142100 127 1750 SH SOLE 1750 0
D Conoco Inc Class B COM 208251405 10530 384672 SH SOLE 360444 24228
D Consolidated Edison Inc COM 209115104 519 12500 SH SOLE 12500 0
D Consolidated Stores Corp COM 210149100 165 7500 SH SOLE 7500 0
D Continental Airlines Inc COM 210795308 246 7500 SH SOLE 7500 0
D Cooper Industries Inc COM 216669101 46645 997750 SH SOLE 940650 57100
D Costco Companies, Inc COM 22160K105 76426 1061472 SH SOLE 996872 64600
D Delphi Automotive System COM 247126105 13407 834657 SH SOLE 790003 44654
D Dillard Department Stores COM 254067101 20248 996800 SH SOLE 961100 35700
D Disney Walt Co COM 254687106 56195 2171800 SH SOLE 2057200 114600
D Dow Chemical Co COM 260543103 75997 668840 SH SOLE 631340 37500
D Du Pont E I De Nemours COM 263534109 98653 1620586 SH SOLE 1527605 92981
D E M C Corp COM 268648102 3286 46000 SH SOLE 46000 0
D Eastman Kodak Co COM 277461109 69614 922800 SH SOLE 870300 52500
D Edison International Inc COM 281020107 75301 3097200 SH SOLE 2932900 164300
D El Paso Energy Corporation COM 283905107 47743 1199198 SH SOLE 1095442 103756
D Emerson Electric Co COM 291011104 107590 1702705 SH SOLE 1606905 95800
D Ethyl Corp COM 297659104 484 125000 SH SOLE 125000 0
D Exxon Corp COM 302290101 175123 2306150 SH SOLE 2176750 129400
D FPL Group COM 302571104 468 9300 SH SOLE 9300 0
D Federal Home Ln Mtg Corp COM 313400301 4238 81500 SH SOLE 81500 0
D Federal Natl Mtg Assn COM 313586109 365546 5831250 SH SOLE 5513650 317600
D First Union Corp COM 337358105 46 1300 SH SOLE 1300 0
D First ULB Corp COM 337991103 3958 395800 SH SOLE 395800 0
D Fleet Boston Corporation COM 33901A108 1392 38000 SH SOLE 38000 0
D Ford Motor Co COM 345370100 104508 2082350 SH SOLE 1965450 116900
D Fresenius Natl Med Care COM 358030203 0 2500 SH SOLE 2500 0
D GTE Corp COM 362320103 232665 3026534 SH SOLE 2870304 156230
D Gartner Group Inc COM 366651206 3347 200552 SH SOLE 187435 13117
D General Electric Co COM 369604103 507975 4284447 SH SOLE 4035997 248450
D General Mills Inc COM 370334104 40522 499500 SH SOLE 474550 24950
D General Motors Corp COM 370442105 80475 1278650 SH SOLE 1209050 69600
D Georgia Pacific Corp COM 373298108 55957 1381662 SH SOLE 1298262 83400
D Georgia Pacific Corp COM 373298702 1302 56907 SH SOLE 53407 3500
D Health Care & Ret Corp COM 404134108 303 17500 SH SOLE 17500 0
D Halliburton Co COM 406216101 492 12000 SH SOLE 12000 0
D Hawaiian Electric Industries COM 419870100 2657 75500 SH SOLE 75500 0
D Health Mgmt Associates Inc A COM 421933102 221 30000 SH SOLE 30000 0
D Hewlett Packard Co COM 428236103 226895 2466250 SH SOLE 2325750 140500
D Hilton Hotels Corp COM 432848109 12142 1229550 SH SOLE 1157750 71800
D Honeywell Inc COM 438506107 129064 1159475 SH SOLE 1090075 69400
D IMS Health Inc COM 449934108 36028 1579300 SH SOLE 1476800 102500
D Illinois Tool Works Inc COM 452308109 3542 47500 SH SOLE 45400 2100
D Ingersoll Rand Co COM 456866102 12785 232725 SH SOLE 210225 22500
D Intel Corp COM 458140100 519853 6995500 SH SOLE 6607400 388100
D Intl Business Machines COM 459200101 321549 2649218 SH SOLE 2504218 145000
D Johnson & Johnson COM 478160104 164226 1787497 SH SOLE 1689397 98100
D Kemet Corp COM 488360108 112 3500 SH SOLE 0 3500
D Kimberly Clark Corp COM 494368103 47503 904820 SH SOLE 844920 59900
D Knight-Ridder Inc COM 499040103 51190 932850 SH SOLE 874350 58500
D Kroger Co COM 501044101 552 25000 SH SOLE 25000 0
D LifePoint Hospitals Inc COM 53219L109 445 51193 SH SOLE 46898 4295
D Lilly Eli & Co COM 532457108 147476 2304316 SH SOLE 2172016 132300
D Lockheed Martin Corp COM 539830109 719 22000 SH SOLE 22000 0
D Loews Corp COM 540424108 540 7700 SH SOLE 7700 0
D Lucent Technologies Inc COM 549463107 225283 3472563 SH SOLE 3295919 176644
D MBNA Corp COM 55262L100 160 7000 SH SOLE 7000 0
D MCI Worldcom Inc COM 55268B106 170819 2376606 SH SOLE 2244300 132306
D May Department Stores Co COM 577778103 86248 2367000 SH SOLE 2238700 128300
D Maxicare Health Plans Inc COM 577904204 0 8 SH SOLE 8 0
D Mediaone Group Inc COM 58440J104 137 2000 SH SOLE 2000 0
D Merck & Co Inc COM 589331107 229360 3538820 SH SOLE 3339920 198900
D Microsoft Corp COM 594918104 72957 805600 SH SOLE 752700 52900
D Minnesota Mng & Mfg Co COM 604059105 84845 883230 SH SOLE 831630 51600
D Mobil Corp COM 607059102 152223 1510900 SH SOLE 1421000 89900
D Monsanto Co COM 611662107 77903 2182925 SH SOLE 2059575 123350
D Morgan J P & Co Inc COM 616880100 73543 643700 SH SOLE 604550 39150
D Motorola Inc COM 620076109 179181 2036150 SH SOLE 1920750 115400
D RJR Nabisco Hldgs Corp COM 62952P102 315 21000 SH SOLE 21000 0
D National Semiconductor Corp COM 637640103 488 16000 SH SOLE 16000 0
D The News Corporation Ltd COM 652487802 374 14000 SH SOLE 14000 0
D Nisource Inc COM 65473P105 221 10000 SH SOLE 10000 0
D Noble Drilling Corp COM 655042109 219 10000 SH SOLE 10000 0
D Northwest Airlines Corp COM 667280101 76 3000 SH SOLE 3000 0
D Peco Energy Co COM 693304107 54542 1454450 SH SOLE 1369850 84600
D PG&E Corp COM 69331C108 61223 2366108 SH SOLE 2232299 133809
D PPG Industries Inc COM 693506107 97326 1622100 SH SOLE 1531000 91100
D Parametric Technology Corp COM 699173100 44999 3333250 SH SOLE 3145850 187400
D Park Place Entertainment Corp COM 700690100 12986 1038850 SH SOLE 976550 62300
D Penney J C Inc COM 708160106 48866 1421551 SH SOLE 1337451 84100
D Pepsi Bottling Group Inc COM 713409100 469 27500 SH SOLE 27500 0
D Pepsico Inc COM 713448108 118950 3932220 SH SOLE 3705820 226400
D Philip Morris Cos Inc COM 718154107 199286 5829200 SH SOLE 5502200 327000
D Phillips Petroleum Co COM 718507106 2194 45000 SH SOLE 43700 1300
D Procter & Gamble Co COM 742718109 100416 1071100 SH SOLE 1012700 58400
D Raytheon Co COM 755111309 1927 39742 SH SOLE 34756 4986
D Raytheon Co COM 755111408 45 900 SH SOLE 900 0
D R J Reynolds Tobacco Holdings COM 76182K105 90 3333 SH SOLE 3333 0
D Rockwell Intl Corp New COM 773903109 79 1500 SH SOLE 1500 0
D Royal Dutch Petroleum NY Re COM 780257804 74729 1265250 SH SOLE 1192950 72300
D SBC Communications Inc COM 78387G103 247531 4847602 SH SOLE 4582002 265600
D St Jude Medical Inc COM 790849103 4957 157350 SH SOLE 143509 13841
D Sanmina Corp COM 800907107 310 4000 SH SOLE 4000 0
D Sara Lee Corp COM 803111103 85542 3649810 SH SOLE 3450110 199700
D Schering-Plough Corp COM 806605101 219994 5042852 SH SOLE 4769200 273652
D Schlumberger Ltd COM 806857108 57605 924450 SH SOLE 879350 45100
D Seagate Technology Inc COM 811804103 56478 1832950 SH SOLE 1726150 106800
D Solutia Inc COM 834376105 1639 91672 SH SOLE 80232 11440
D Southerntrust Corp COM 844730101 108 3000 SH SOLE 3000 0
D Southwest Air COM 844741108 34 2250 SH SOLE 2250 0
D Sybase, Inc. COM 871130100 177 15000 SH SOLE 15000 0
D TSL Holdings Inc COM 872918107 0 93 SH SOLE 93 0
D Texaco Inc COM 881694103 151787 2404550 SH SOLE 2262250 142300
D Texas Utils Co COM 882848104 619 16600 SH SOLE 16600 0
D Time Warner Inc COM 887315109 93115 1532750 SH SOLE 1452050 80700
D Triad Hospitals Inc COM 89579K109 498 49195 SH SOLE 45376 3819
D Tricon Global Restaurant COM 895953107 0 5 SH SOLE 5 0
D Tyco Intl Ltd New COM 902124106 386919 3747399 SH SOLE 3546293 201106
D United Airlines COM 902549500 65 1000 SH SOLE 1000 0
D USX Marathon Corp. COM 902905827 585 20000 SH SOLE 20000 0
D U S Bancorp COM 902973106 99848 3307600 SH SOLE 3118400 189200
D Unicom Corp COM 904911104 76486 2070700 SH SOLE 1957100 113600
D Ullico Inc COM 906881107 8 325 SH SOLE 325 0
D Union Pac Res Group Inc COM 907834105 241 15000 SH SOLE 15000 0
D United Healthcare Corp COM 910581107 57941 1190050 SH SOLE 1120500 69550
D United Technologies Corp COM 913017109 7 113 SH SOLE 113 0
D Unocal Corp COM 915289102 8298 223900 SH SOLE 186500 37400
D Unocal Cap Tr COM 91528T207 2 40 SH SOLE 40 0
D Utilicorp United Inc COM 918005109 211 10000 SH SOLE 10000 0
D Vodafone Airtouch Public Ltd COM 92857T107 209636 881750 SH SOLE 833900 47850
D Wal-Mart Stores Inc COM 931142103 131278 2760125 SH SOLE 2622225 137900
D Walgreen Co COM 931422109 85016 3350400 SH SOLE 3162500 187900
D Warner Lambert Co COM 934488107 192514 2900400 SH SOLE 2748350 152050
D Washington Fed Inc COM 938824109 71 3060 SH SOLE 3060 0
D Wells Fargo & Co COM 949746101 753 19000 SH SOLE 12000 7000
D Xerox Corp COM 984121103 23261 554650 SH SOLE 522850 31800
D Transocean Offshore Inc COM G90076103 306 10000 SH SOLE 10000 0
D Security Capital US Realty COM L8182A107 114 6000 SH SOLE 0 6000
S REPORT SUMMARY 173 DATA RECORDS 11553164 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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