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
INSTITUTIONAL INVESTMENT MANAGER FILING THIS REPORT:
NAME: BENEFIT CAPITAL MANAGEMENT CORPORATION
ADDRESS: 39 OLD RIDGEBURY ROAD, E-2
DANBURY, CT 06817-0001
13F FILE NUMBER: 28-2036
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: ELIZABETH LEPPLA
TITLE: CONTROLLER
PHONE: 203-794-7346
SIGNATURE, PLACE, AND DATE OF SIGNING:
ELIZABETH LEPPLA, DANBURY, CT, NOVEMBER 2, 1999
REPORT TYPE:
[X] 13F HOLDINGS REPORT.
LIST OF OTHER MANAGERS REPORTING FOR THIS MANAGER: NONE
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: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 87
FORM 13F INFORMATION TABLE VALUE TOTAL: $2,189,335
LIST OF OTHER INCLUDED MANAGERS: NONE
<PAGE>
<TABLE> <C> <C>
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 AT&T CORP COM 00195710 17813 409500 SH SOLE 409500 0 0
D ALLIEDSIGNAL INC COM 01951210 9897 165126 SH SOLE 165126 0 0
D AMERICA ONLINE INC COM 02364J10 11135 107000 SH SOLE 107000 0 0
D AMERICAN EXPRESS CO COM 02581610 39251 290750 SH SOLE 290750 0 0
D AMERICAN HOME PRODS COM 02660910 23622 569200 SH SOLE 569200 0 0
D AMERICAN INTL GROUP COM 02687410 62869 723146 SH SOLE 723146 0 0
D AUTOMATIC DATA PROC COM 05301510 26496 593750 SH SOLE 593750 0 0
D AZURIX CORP COM 05501M10 5895 343000 SH SOLE 343000 0 0
D BMC SOFTWARE INC COM 05592110 11235 157000 SH SOLE 157000 0 0
D BELL ATLANTIC CORP COM 07785310 17299 257000 SH SOLE 257000 0 0
D BESTFOODS COM 08658U10 12108 249332 SH SOLE 249332 0 0
D BRISTOL MYERS SQUIB COM 11012210 26629 394500 SH SOLE 394500 0 0
D CBS CORP COM 12490K10 50528 1092500 SH SOLE 1092500 0 0
D CARNIVAL CORP COM 14365810 25752 592000 SH SOLE 592000 0 0
D CHASE MANHATTAN COR COM 16161A10 45183 599440 SH SOLE 599440 0 0
D CISCO SYS INC COM 17275R10 52245 762000 SH SOLE 762000 0 0
D CITIGROUP INC COM 17296710 41795 949875 SH SOLE 949875 0 0
D COCA COLA CO COM 19121610 27907 578376 SH SOLE 578376 0 0
D COLGATE PALMOLIVE C COM 19416210 28640 626000 SH SOLE 626000 0 0
D COMPUTER ASSOC INTL COM 20491210 24102 394300 SH SOLE 394300 0 0
D CONAGRA INC COM 20588710 7739 343000 SH SOLE 343000 0 0
D CONOCO INC COM 20825130 20022 721500 SH SOLE 721500 0 0
D CONSOLIDATED STORES COM 21014910 8406 381000 SH SOLE 381000 0 0
D DELL COMPUTER CORP COM 24702510 29487 705200 SH SOLE 705200 0 0
D DIAL CORP NEW COM 25247D10 10748 421500 SH SOLE 421500 0 0
D DISNEY WALT CO COM 25468710 27275 1049044 SH SOLE 1049044 0 0
D ECOLAB INC COM 27886510 10954 321000 SH SOLE 321000 0 0
D EMERSON ELEC CO COM 29101110 11200 177250 SH SOLE 177250 0 0
D EXXON CORP COM 30229010 46738 614976 SH SOLE 614976 0 0
D FEDERAL HOME LN MTG COM 31340030 15470 297500 SH SOLE 297500 0 0
D FEDERAL NATL MTG AS COM 31358610 26533 423252 SH SOLE 423252 0 0
D FLEET BOSTON CORP COM 33901A10 513 14000 SH SOLE 14000 0 0
D FOX ENTMT GROUP INC COM 35138T10 12353 586500 SH SOLE 586500 0 0
D GANNETT INC COM 36473010 19096 276000 SH SOLE 276000 0 0
D GENERAL ELEC CO COM 36960410 96965 817834 SH SOLE 817834 0 0
D GENERAL MLS INC COM 37033410 21199 261313 SH SOLE 261313 0 0
D GILLETTE CO COM 37576610 28415 837250 SH SOLE 837250 0 0
D GREENPOINT FINL COR COM 39538410 1142 43000 SH SOLE 43000 0 0
D HALLIBURTON CO COM 40621610 15006 366000 SH SOLE 366000 0 0
D HEWLETT PACKARD CO COM 42823610 23618 260250 SH SOLE 260250 0 0
D HOME DEPOT INC COM 43707610 68927 1004400 SH SOLE 1004400 0 0
D HONEYWELL INC COM 43850610 37078 333100 SH SOLE 333100 0 0
D INFINITY BROADCASTI COM 45662S10 15682 535000 SH SOLE 535000 0 0
D INTEL CORP COM 45814010 47590 640400 SH SOLE 640400 0 0
D INTERNATIONAL BUSIN COM 45920010 82504 681852 SH SOLE 681852 0 0
D INTERPUBLIC GROUP C COM 46069010 19781 481000 SH SOLE 481000 0 0
D JOHNSON & JOHNSON COM 47816010 30466 331600 SH SOLE 331600 0 0
D KOHLS CORP COM 50025510 7142 108000 SH SOLE 108000 0 0
D LAUDER ESTEE COS IN COM 51843910 26805 686200 SH SOLE 686200 0 0
D LILLY ELI & CO COM 53245710 18069 281500 SH SOLE 281500 0 0
D MCI WORLDCOM INC COM 55268B10 14734 205000 SH SOLE 205000 0 0
D MARRIOTT INTL INC N COM 57190320 14778 452084 SH SOLE 452084 0 0
D MASCO CORP COM 57459910 17890 577100 SH SOLE 577100 0 0
D MCDONALDS CORP COM 58013510 36189 836750 SH SOLE 836750 0 0
D MCGRAW HILL COS INC COM 58064510 33863 700000 SH SOLE 700000 0 0
D MELLON FINL CORP COM 58551A10 24304 722800 SH SOLE 722800 0 0
D MERCK & CO INC COM 58933110 37481 578300 SH SOLE 578300 0 0
D MEREDITH CORP COM 58943310 14108 388500 SH SOLE 388500 0 0
D METTLER TOLEDO INTE COM 59268810 21389 722000 SH SOLE 722000 0 0
D MICROSOFT CORP COM 59491810 75321 831700 SH SOLE 831700 0 0
D MINNESOTA MNG & MFG COM 60405910 2882 30000 SH SOLE 30000 0 0
D MOBIL CORP COM 60705910 10314 102376 SH SOLE 102376 0 0
D MOLEX INC COM 60855410 8870 243863 SH SOLE 243863 0 0
D OFFICE DEPOT INC COM 67622010 4728 450250 SH SOLE 450250 0 0
D OUTDOOR SYS INC COM 69005710 29504 825274 SH SOLE 825274 0 0
D PE CORP COM 69332S10 38769 536600 SH SOLE 536600 0 0
D PEPSI BOTTLING GROU COM 71340910 10434 611500 SH SOLE 611500 0 0
D PEPSICO INC COM 71344810 27244 893250 SH SOLE 893250 0 0
D PFIZER INC COM 71708110 41812 1165500 SH SOLE 1165500 0 0
D PROCTER & GAMBLE CO COM 74271810 32196 343426 SH SOLE 343426 0 0
D SCHERING PLOUGH COR COM 80660510 26131 599000 SH SOLE 599000 0 0
D SCHLUMBERGER LTD COM 80685710 22916 367750 SH SOLE 367750 0 0
D SOLECTRON CORP COM 83418210 17824 248200 SH SOLE 248200 0 0
D STAPLES INC COM 85503010 22037 1010250 SH SOLE 1010250 0 0
D STARBUCKS CORP COM 85524410 2230 90000 SH SOLE 90000 0 0
D STATE STR CORP COM 85747710 16673 258000 SH SOLE 258000 0 0
D SUN MICROSYSTEMS IN COM 86681010 22367 240500 SH SOLE 240500 0 0
D TEXACO INC COM 88169410 30363 481000 SH SOLE 481000 0 0
D TIME WARNER INC COM 88731510 36189 595700 SH SOLE 595700 0 0
D TRICON GLOBAL RESTA COM 89595310 7800 190525 SH SOLE 190525 0 0
D WARNER LAMBERT CO COM 93448810 47285 712399 SH SOLE 712399 0 0
D WASHINGTON MUT INC COM 93932210 731 25000 SH SOLE 25000 0 0
D WATERS CORP COM 94184810 18290 302000 SH SOLE 302000 0 0
D WELLS FARGO & CO NE COM 94974610 20565 519000 SH SOLE 519000 0 0
D WESTPOINT STEVENS I COM 96123810 27051 1145000 SH SOLE 1145000 0 0
D WRIGLEY WM JR CO COM 98252610 5643 82000 SH SOLE 82000 0 0
D ROYAL CARIBBEAN CRU COM V7780T10 21105 469000 SH SOLE 469000 0 0
</TABLE>
