UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 1999
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Check here if Amendment [ ]; Amendment Number:
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This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holding
entries.
Institutional Investment Manager Filing this Report:
Name: Advance Capital Management, Inc.
Address: One Towne Square, Suite 444
Southfield, MI 48076-3704
Form 13F File Number: 28-6474
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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: Robert J. Cappelli
Title: Vice-President
Phone: (248) 350-8543
Signature, Place, and Date of Signing:
/s/ Robert J. Cappelli Southfield, Michigan 5/12/99
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[Signature] [City, State] [Date]
Report Type (Check only one.):
[ ] 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).)
[X] 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:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28-115 TROWE Price
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[Repeat as necessary.]
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
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Form 13F Information Table Entry Total: 107
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Form 13F Information Table Value Total: $ 25,003
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(thousands)
List of Other Included Managers:
None
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.
<PAGE>
SUMMARY TABLE
MARCH 31, 1999
<TABLE>
<CAPTION>
TITLE OF VALUE SHARES/ PUT/ INVESTMT VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP IN $1.000'S PRN AMT SH/PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AA ALUMINUM CO OF AMERICA COM 013817101 17 400 SH SOLE 400
ABT ABBOTT LABORATORIES COM 002824100 155 3,300 SH SOLE 3,300
ADPT ADAPTEC COM 00651F108 8 350 SH SOLE 350
AET AETNA COM 008117103 9 112 SH SOLE 112
AET 6.2500 AETNA PFD COM 008117202 3 37 SH SOLE 37
AFS ASSOCIATES FIRST CAPITAL COM 046008108 66 1,464 SH SOLE 1,464
AHP AMERICAN HOME PRODUCTS COM 026609107 189 2,900 SH SOLE 2,900
AIG AMERICAN INT'L GROUP COM 026874107 318 2,637 SH SOLE 2,637
AIT AMERITECH COM 030954101 168 2,900 SH SOLE 2,900
AMAT APPLIED MATERIALS COM 038222105 49 800 SH SOLE 800
AMGN AMGEN COM 031162100 255 3,400 SH SOLE 3,400
AOL AMERICA ON-LINE COM 02364J104 293 2,000 SH SOLE 2,000
ARC ATLANTIC RICHFIELD COM 048825103 29 400 SH SOLE 400
ATI AIRTOUCH COMMUNICATIONS COM 00949T100 34 350 SH SOLE 350
BA BOEING COM 097023105 62 1,800 SH SOLE 1,800
BAC BANKAMERICA COM 06605F102 268 3,800 SH SOLE 3,800
BEL BELL ATLANTIC COM 077853109 196 3,800 SH SOLE 3,800
BK BANK OF NEW YORK COM 064057102 50 1,400 SH SOLE 1,400
BLS BELLSOUTH COM 079860102 172 4,300 SH SOLE 4,300
BMY BRISTOL MYERS COM 110122108 450 7,000 SH SOLE 7,000
BPA BP AMOCO COM 055622104 80 794 SH SOLE 794
BRKB BERKSHIRE HATHAWAY COM 113809107 57 8 SH SOLE 8
BUD ANHEUSER BUSCH COM 035229103 31 400 SH SOLE 400
C CHRYLSER COM 172967101 601 9,412 SH SOLE 9,412
CAG CONAGRA INC COM 205887102 15 600 SH SOLE 600
CAH CARDINAL HEALTHCARE COM 14149Y108 64 977 SH SOLE 977
CAT CATERPILLAR COM 149123101 23 500 SH SOLE 500
CD CEDANT COM 151313103 16 1,000 SH SOLE 1,000
CHIR CHIRON COM 170040109 24 1,084 SH SOLE 1,084
CMCSK COMCAST COM 200300200 76 1,200 SH SOLE 1,200
CNC CONSECO COM 208464107 11 367 SH SOLE 367
COST COSTCO COMPANIES COM 22160Q102 140 1,530 SH SOLE 1,530
CPQ COMPAQ COMPUTER COM 204493100 117 3,700 SH SOLE 3,700
CPWR COMPUWARE COM 205638109 57 2,400 SH SOLE 2,400
CSCO CISCO SYSTEMS COM 17275R102 893 8,150 SH SOLE 8,150
DCX DAIMLER CHRYSLER COM 007100000 14 249 SH SOLE 249
DD DUPONT (E.I.) DE NEMOURS COM 263534109 168 2,900 SH SOLE 2,900
DELL DELL COMPUTER COM 247025109 548 13,400 SH SOLE 13,400
DH DAYTON HUDSON COM 239753106 33 500 SH SOLE 500
DIS DISNEY COM 254687106 182 5,850 SH SOLE 5,850
DUK DUKE POWER COM 264399106 46 833 SH SOLE 833
ERICY ERICKSON COM 294821400 200 8,400 SH SOLE 8,400
F FORD MOTOR COMPANY COM 345370100 227 4,000 SH SOLE 4,000
FNM FEDERAL NATIONAL MTGE ASSOC. COM 313586109 152 2,200 SH SOLE 2,200
FTU FIRST UNION COM 337358105 112 2,100 SH SOLE 2,100
G GILLETTE COM 375766102 143 2,400 SH SOLE 2,400
GCI GANNETT COM 364730101 25 400 SH SOLE 400
GE GENERAL ELECTRIC COM 369604103 1285 11,620 SH SOLE 11,620
GEMS GLENAYRE TECH. COM 377899109 4 1,300 SH SOLE 1,300
GLK GREAT LAKES CHEMICAL COM 390568103 4 100 SH SOLE 100
GM GENERAL MOTORS COM 370442105 50 576 SH SOLE 576
GTE G T E COM 362320103 127 2,100 SH SOLE 2,100
HD HOME DEPOT COM 437076102 268 4,300 SH SOLE 4,300
HWP HEWLETT PACKARD COM 428236103 220 3,250 SH SOLE 3,250
IBM INT'L BUSINESS MACH COM 459200101 674 3,800 SH SOLE 3,800
INTC INTEL COM 458140100 1072 9,000 SH SOLE 9,000
IP INT'L PAPER COM 460146103 13 300 SH SOLE 300
JNJ JOHNSON & JOHNSON COM 478160104 440 4,700 SH SOLE 4,700
JPM J. P. MORGAN COM 616880100 40 325 SH SOLE 325
KO COCA-COLA COMPANY COM 191216100 442 7,200 SH SOLE 7,200
KTF KEMPER MUNI INCOME COM 48842C104 29 2,274 SH SOLE 2,274
LLY LILLY (ELI) & CO. COM 532457108 204 2,400 SH SOLE 2,400
LU LUCENT TECHNOLOGIES COM 549463107 601 5,578 SH SOLE 5,578
MCD MCDONALDS COM 580135101 254 5,600 SH SOLE 5,600
MDT MEDTRONIC COM 585055106 29 400 SH SOLE 400
MMM MINNESOTA MNG & MFG COM 604059105 28 400 SH SOLE 400
MOB MOBIL OIL COM 607059102 167 1,900 SH SOLE 1,900
MOT MOTOROLA COM 620076109 81 1,100 SH SOLE 1,100
MRK MERCK COM 589331107 761 9,500 SH SOLE 9,500
MSFT MICROSOFT COM 594918104 2223 24,800 SH SOLE 24,800
MSX MASCOTECH COM 574670105 11 700 SH SOLE 700
NOBE NORDSTROMS COM 655664100 52 1,260 SH SOLE 1,260
ONE BANK ONE COM 06423A103 201 3,653 SH SOLE 3,653
ORCL ORACLE SYSTEMS COM 68389X105 65 2,475 SH SOLE 2,475
PFE PFIZER COM 717081103 666 4,800 SH SOLE 4,800
PG PROCTOR & GAMBLE COM 742718109 421 4,300 SH SOLE 4,300
PHB PIONEER HYBRID COM 723686101 70 1,860 SH SOLE 1,860
RATL RATIONAL SOFTWARE COM 75409P202 32 1,200 SH SOLE 1,200
RD ROYAL DUTCH PETROLEUM COM 780257804 265 5,100 SH SOLE 5,100
RTN/A RAYTHEON COM 755111309 1 15 SH SOLE 15
S SEARS COM 812387108 56 1,250 SH SOLE 1,250
SBC SBC COMMUNICATIONS COM 78387G103 221 4,700 SH SOLE 4,700
SBIE SMITH BARNEY INT'L EQUITY COM 831811203 15 670 SH SOLE 670
SGP SCHERING-PLOUGH COM 806605101 177 3,200 SH SOLE 3,200
SPLS STAPLES COM 855030102 54 1,650 SH SOLE 1,650
STT STATE STREET BOSTON COM 857477103 72 880 SH SOLE 880
SUNW SUN MICROSYSTEMS COM 866810104 162 1,300 SH SOLE 1,300
T AMERICAN TEL & TEL COM 001957109 493 6,176 SH SOLE 6,176
TLAB TELLABS COM 879664100 59 600 SH SOLE 600
TWX TIME WARNER COM 887315109 171 2,400 SH SOLE 2,400
USB U.S. BANCORP COM 902973106 23 675 SH SOLE 675
WCOM MCI CORP COM 55268B106 866 9,777 SH SOLE 9,777
WEC WISCONSIN ENERGY CORP COM 976657106 6 235 SH SOLE 235
WFC WELLS FARGO COM 949746101 123 3,500 SH SOLE 3,500
WLA WARNER-LAMBERT COMPANY COM 934488107 179 2,700 SH SOLE 2,700
WMT WAL-MART COM 931142103 646 7,000 SH SOLE 7,000
XON EXXON COM 302290101 734 10,400 SH SOLE 10,400
T AMERICAN TEL & TEL COM 001957109 493 6,176 SH SOLE 6,176
TLAB TELLABS COM 879664100 59 600 SH SOLE 600
TWX TIME WARNER COM 887315109 171 2,400 SH SOLE 2,400
USB U.S. BANCORP COM 902973106 23 675 SH SOLE 675
WCOM MCI CORP COM 55268B106 866 9,777 SH SOLE 9,777
WEC WISCONSIN ENERGY CORP COM 976657106 6 235 SH SOLE 235
WFC WELLS FARGO COM 949746101 123 3,500 SH SOLE 3,500
WLA WARNER-LAMBERT COMPANY COM 934488107 179 2,700 SH SOLE 2,700
WMT WAL-MART COM 931142103 646 7,000 SH SOLE 7,000
XON EXXON COM 302290101 734 10,400 SH SOLE 10,400
TOTAL 25003
</TABLE>
* PLEASE NOTE THAT T. ROWE PRICE ASSOCIATES IS THE SUB-ADVISOR FOR THE
STOCKS IN THE ADVANCE CAPITAL I BALANCED FUND AND EQUITY GROWTH FUND.
THEY HAVE FILED THESE SECURITIES ON OUR BEHALF ON THEIR FORM 13F REPORT.
