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
INSTITUTIONAL INVESTMENT MANAGER FILING THIS REPORT:
NAME: BENEFIT CAPITAL MANAGEMENT CORP
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 IS 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, AUGUST 5, 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: 90
FORM 13F INFORMATION TABLE VALUE TOTAL: $2,339,335
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 22855 409500 SH SOLE 409500 0 0
D ALLIEDSIGNAL INC COM 01951210 12293 195126 SH SOLE 195126 0 0
D AMERICA ONLINE INC COM 02364J10 9020 82000 SH SOLE 82000 0 0
D AMERICAN EXPRESS CO COM 02581610 39265 301750 SH SOLE 301750 0 0
D AMERICAN HOME PRODS COM 02660910 18360 320000 SH SOLE 320000 0 0
D AMERICAN INTL GROUP COM 02687410 67984 579818 SH SOLE 579818 0 0
D AUTOMATIC DATA PROC COM 05301510 27665 628750 SH SOLE 628750 0 0
D AZURIX CORP COM 05501M10 6860 343000 SH SOLE 343000 0 0
D BMC SOFTWARE INC COM 05592110 8856 164000 SH SOLE 164000 0 0
D BANK OF AMERICA COR COM 06050510 9054 123502 SH SOLE 123502 0 0
D BELL ATLANTIC CORP COM 07785310 12094 185000 SH SOLE 185000 0 0
D BESTFOODS COM 08658U10 11946 241332 SH SOLE 241332 0 0
D BRISTOL MYERS SQUIB COM 11012210 29725 422000 SH SOLE 422000 0 0
D CBS CORP COM 12490K10 47823 1097800 SH SOLE 1097800 0 0
D CARNIVAL CORP COM 14365810 28809 594000 SH SOLE 594000 0 0
D CHASE MANHATTAN COR COM 16161A10 51938 600440 SH SOLE 600440 0 0
D CISCO SYS INC COM 17275R10 49102 762000 SH SOLE 762000 0 0
D CITIGROUP INC COM 17296710 45832 964875 SH SOLE 964875 0 0
D COCA COLA CO COM 19121610 34092 549876 SH SOLE 549876 0 0
D COLGATE PALMOLIVE C COM 19416210 29205 296500 SH SOLE 296500 0 0
D COMPUTER ASSOC INTL COM 20491210 21736 397000 SH SOLE 397000 0 0
D CONAGRA INC COM 20588710 9452 355000 SH SOLE 355000 0 0
D CONOCO INC COM 20825130 19331 693500 SH SOLE 693500 0 0
D CONSOLIDATED STORES COM 21014910 16578 614000 SH SOLE 614000 0 0
D DST SYS INC DEL COM 23332610 629 10000 SH SOLE 10000 0 0
D DELL COMPUTER CORP COM 24702510 26307 711000 SH SOLE 711000 0 0
D DIAL CORP NEW COM 25247D10 17292 465000 SH SOLE 465000 0 0
D DISNEY WALT COMPANY COM 25468710 32447 1053044 SH SOLE 1053044 0 0
D E M C CORP MASS COM 26864810 6765 123000 SH SOLE 123000 0 0
D ECOLAB INC COM 27886510 13873 318000 SH SOLE 318000 0 0
D EMERSON ELEC CO COM 29101110 11785 187250 SH SOLE 187250 0 0
D EXXON CORP COM 30229010 46813 606976 SH SOLE 606976 0 0
D FEDERAL HOME LN MTG COM 31340030 20271 349500 SH SOLE 349500 0 0
D FEDERAL NATL MTG AS COM 31358610 29023 425252 SH SOLE 425252 0 0
D FLEET FINL GROUP IN COM 33891510 4171 94000 SH SOLE 94000 0 0
D FOX ENTMT GROUP INC COM 35138T10 15745 584500 SH SOLE 584500 0 0
D GANNETT INC COM 36473010 21912 307000 SH SOLE 307000 0 0
D GENERAL ELEC CO COM 36960410 95500 845134 SH SOLE 845134 0 0
D GENERAL MILLS INC COM 37033410 19396 241313 SH SOLE 241313 0 0
D GILLETTE CO COM 37576610 30010 731950 SH SOLE 731950 0 0
D GREENPOINT FINL COR COM 39538410 3380 103000 SH SOLE 103000 0 0
D HALLIBURTON CO COM 40621610 17421 385000 SH SOLE 385000 0 0
D HEWLETT PACKARD CO COM 42823610 30879 307250 SH SOLE 307250 0 0
D HOME DEPOT INC COM 43707610 66687 1034900 SH SOLE 1034900 0 0
D HONEYWELL INC COM 43850610 37312 322000 SH SOLE 322000 0 0
D INFINITY BROADCASTI COM 45662S10 15905 538000 SH SOLE 538000 0 0
D INTEL CORP COM 45814010 37568 631400 SH SOLE 631400 0 0
D INTERNATIONAL BUSIN COM 45920010 97280 752652 SH SOLE 752652 0 0
D INTERPUBLIC GROUP C COM 46069010 21223 245000 SH SOLE 245000 0 0
D JOHNSON & JOHNSON COM 47816010 32595 332600 SH SOLE 332600 0 0
D KOHLS CORP COM 50025510 8303 108000 SH SOLE 108000 0 0
D LAUDER ESTEE COS IN COM 51843910 31438 627200 SH SOLE 627200 0 0
D LILLY ELI & CO COM 53245710 19554 273000 SH SOLE 273000 0 0
D MCI WORLDCOM INC COM 55268B10 12565 146000 SH SOLE 146000 0 0
D MARRIOTT INTL INC N COM 57190320 16897 452084 SH SOLE 452084 0 0
D MASCO CORP COM 57459910 16664 577100 SH SOLE 577100 0 0
D MCDONALDS CORP COM 58013510 31162 757750 SH SOLE 757750 0 0
D MCGRAW HILL COS INC COM 58064510 38458 713000 SH SOLE 713000 0 0
D MELLON BK CORP COM 58550910 25928 712800 SH SOLE 712800 0 0
D MERCK & CO INC COM 58933110 42651 579300 SH SOLE 579300 0 0
D MEREDITH CORP COM 58943310 14439 417000 SH SOLE 417000 0 0
D METTLER TOLEDO INTE COM 59268810 21573 846000 SH SOLE 846000 0 0
D MICROSOFT CORP COM 59491810 76110 843900 SH SOLE 843900 0 0
D MOBIL CORP COM 60705910 10110 102376 SH SOLE 102376 0 0
D MOLEX INC COM 60855410 9023 243863 SH SOLE 243863 0 0
D OFFICE DEPOT INC COM 67622010 24220 1097750 SH SOLE 1097750 0 0
D OUTDOOR SYS INC COM 69005710 31400 860274 SH SOLE 860274 0 0
D PE CORP COM 69332S10 31935 278300 SH SOLE 278300 0 0
D PEPSI BOTTLING GROU COM 71340910 18072 781500 SH SOLE 781500 0 0
D PEPSICO INC COM 71344810 33455 864750 SH SOLE 864750 0 0
D PFIZER INC COM 71708110 42347 388500 SH SOLE 388500 0 0
D PHILIP MORRIS COS COM 71815410 241 6000 SH SOLE 6000 0 0
D PROCTER & GAMBLE CO COM 74271810 27259 305426 SH SOLE 305426 0 0
D REPUBLIC SVCS INC COM 76075910 16682 674000 SH SOLE 674000 0 0
D SCHERING PLOUGH COR COM 80660510 31684 603500 SH SOLE 603500 0 0
D SCHLUMBERGER LTD COM 80685710 23580 370250 SH SOLE 370250 0 0
D STAPLES INC COM 85503010 27589 891750 SH SOLE 891750 0 0
D STARBUCKS CORP COM 85524410 3381 90000 SH SOLE 90000 0 0
D STATE STR CORP COM 85747710 17630 206500 SH SOLE 206500 0 0
D SUN MICROSYSTEMS IN COM 86681010 18596 270000 SH SOLE 270000 0 0
D TEXACO INC COM 88169410 29503 473000 SH SOLE 473000 0 0
D TIME WARNER INC COM 88731510 40815 562000 SH SOLE 562000 0 0
D TRICON GLOBAL RESTA COM 89595310 8905 164525 SH SOLE 164525 0 0
D WARNER LAMBERT CO COM 93448810 49901 721899 SH SOLE 721899 0 0
D WASHINGTON MUTUAL I COM 93932210 1156 32500 SH SOLE 32500 0 0
D WATERS CORP COM 94184810 16044 302000 SH SOLE 302000 0 0
D WELLS FARGO & CO NE COM 94974610 22059 516000 SH SOLE 516000 0 0
D WESTPOINT STEVENS I COM 96123810 33778 1133000 SH SOLE 1133000 0 0
D WRIGLEY WM JR CO COM 98252610 7313 82000 SH SOLE 82000 0 0
D ROYAL CARIBBEAN CRU COM V7780T10 24850 568000 SH SOLE 568000 0 0
</TABLE>
