UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
REPORT FOR THE CALENDAR YEAR OR QUARTER ENDED: DEC. 31, 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 FEBRUARY 14, 2000
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: 83
FORM 13F INFORMATION TABLE VALUE TOTAL: $2,475,854
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 22840 449500 SH SOLE 449500 0 0
D AMERICA ONLINE INC COM 02364J10 20410 269000 SH SOLE 269000 0 0
D AMERICAN EXPRESS CO COM 02581610 46010 276750 SH SOLE 276750 0 0
D AMERICAN HOME PRODS COM 02660910 14884 379200 SH SOLE 379200 0 0
D AMERICAN INTL GROUP COM 02687410 74071 685046 SH SOLE 685046 0 0
D AUTOMATIC DATA PROC COM 05301510 31611 586750 SH SOLE 586750 0 0
D BMC SOFTWARE INC COM 05592110 3997 50000 SH SOLE 50000 0 0
D BELL ATLANTIC CORP COM 07785310 23086 375000 SH SOLE 375000 0 0
D BESTFOODS COM 08658U10 14613 278000 SH SOLE 278000 0 0
D BRISTOL MYERS SQUIB COM 11012210 23974 373500 SH SOLE 373500 0 0
D CBS CORP COM 12490K10 66029 1032700 SH SOLE 1032700 0 0
D CARNIVAL CORP COM 14365810 28305 592000 SH SOLE 592000 0 0
D CHASE MANHATTAN COR COM 16161A10 46259 595440 SH SOLE 595440 0 0
D CISCO SYS INC COM 17275R10 78737 735000 SH SOLE 735000 0 0
D CITIGROUP INC COM 17296710 49734 893075 SH SOLE 893075 0 0
D COCA COLA CO COM 19121610 36516 626876 SH SOLE 626876 0 0
D COLGATE PALMOLIVE C COM 19416210 40463 622500 SH SOLE 622500 0 0
D COMPUTER ASSOC INTL COM 20491210 31423 449300 SH SOLE 449300 0 0
D CONAGRA INC COM 20588710 7782 343000 SH SOLE 343000 0 0
D CONOCO INC COM 20825130 17857 721500 SH SOLE 721500 0 0
D DELL COMPUTER CORP COM 24702510 37648 738200 SH SOLE 738200 0 0
D DIAL CORP NEW COM 25247D10 13469 554000 SH SOLE 554000 0 0
D DISNEY WALT CO COM 25468710 30889 1056044 SH SOLE 1056044 0 0
D ECOLAB INC COM 27886510 12168 311000 SH SOLE 311000 0 0
D EMERSON ELEC CO COM 29101110 10170 177250 SH SOLE 177250 0 0
D EXXON MOBIL CORP COM 30231G10 59683 740826 SH SOLE 740826 0 0
D FEDERAL HOME LN MTG COM 31340030 8095 172000 SH SOLE 172000 0 0
D FEDERAL NATL MTG AS COM 31358610 23929 383252 SH SOLE 383252 0 0
D FEDERATED DEPT STOR COM 31410H10 1921 38000 SH SOLE 38000 0 0
D FLEETBOSTON FINL CO COM 33903010 487 14000 SH SOLE 14000 0 0
D FOX ENTMT GROUP INC COM 35138T10 18242 731500 SH SOLE 731500 0 0
D GANNETT INC COM 36473010 22511 276000 SH SOLE 276000 0 0
D GENERAL ELEC CO COM 36960410 118167 763600 SH SOLE 763600 0 0
D GENERAL MLS INC COM 37033410 20400 570626 SH SOLE 570626 0 0
D GILLETTE CO COM 37576610 34423 835750 SH SOLE 835750 0 0
D HALLIBURTON CO COM 40621610 14691 365000 SH SOLE 365000 0 0
D HEWLETT PACKARD CO COM 42823610 37338 328250 SH SOLE 328250 0 0
D HOME DEPOT INC COM 43707610 89502 1301850 SH SOLE 1301850 0 0
D HONEYWELL INTL INC COM 43851610 42008 728188 SH SOLE 728188 0 0
D INFINITY BROADCASTI COM 45662S10 45229 1249841 SH SOLE 1249841 0 0
D INTEL CORP COM 45814010 59891 727600 SH SOLE 727600 0 0
D INTERNATIONAL BUSIN COM 45920010 73242 678952 SH SOLE 678952 0 0
D INTL PAPER CO COM 46014610 2935 52000 SH SOLE 52000 0 0
D INTERPUBLIC GROUP C COM 46069010 25769 446700 SH SOLE 446700 0 0
D JEFFERSON PILOT COR COM 47507010 4095 60000 SH SOLE 60000 0 0
D JOHNSON & JOHNSON COM 47816010 30922 331600 SH SOLE 331600 0 0
D KOHLS CORP COM 50025510 10323 143000 SH SOLE 143000 0 0
D LAUDER ESTEE COS IN COM 51843910 35090 695700 SH SOLE 695700 0 0
D LILLY ELI & CO COM 53245710 21014 316000 SH SOLE 316000 0 0
D MCI WORLDCOM INC COM 55268B10 19421 366000 SH SOLE 366000 0 0
D MARRIOTT INTL INC N COM 57190320 14269 452084 SH SOLE 452084 0 0
D MASCO CORP COM 57459910 14390 567100 SH SOLE 567100 0 0
D MCDONALDS CORP COM 58013510 33430 829250 SH SOLE 829250 0 0
D MCGRAW HILL COS INC COM 58064510 42133 683700 SH SOLE 683700 0 0
D MELLON FINL CORP COM 58551A10 24570 721300 SH SOLE 721300 0 0
D MERCK & CO INC COM 58933110 34817 518200 SH SOLE 518200 0 0
D MEREDITH CORP COM 58943310 17030 408500 SH SOLE 408500 0 0
D METTLER TOLEDO INTE COM 59268810 27266 714000 SH SOLE 714000 0 0
D MICROSOFT CORP COM 59491810 96903 830000 SH SOLE 830000 0 0
D MINNESOTA MNG & MFG COM 60405910 4894 50000 SH SOLE 50000 0 0
D MOLEX INC COM 60855410 4300 75863 SH SOLE 75863 0 0
D PE CORP COM 69332S10 62563 520000 SH SOLE 520000 0 0
D PEPSI BOTTLING GROU COM 71340910 10128 611500 SH SOLE 611500 0 0
D PEPSICO INC COM 71344810 30419 862950 SH SOLE 862950 0 0
D PFIZER INC COM 71708110 37871 1167500 SH SOLE 1167500 0 0
D PROCTER & GAMBLE CO COM 74271810 38668 352926 SH SOLE 352926 0 0
D SCHERING PLOUGH COR COM 80660510 19789 467000 SH SOLE 467000 0 0
D SCHLUMBERGER LTD COM 80685710 20640 367750 SH SOLE 367750 0 0
D SOLECTRON CORP COM 83418210 26350 277000 SH SOLE 277000 0 0
D STAPLES INC COM 85503010 16865 812750 SH SOLE 812750 0 0
D STARBUCKS CORP COM 85524410 1698 70000 SH SOLE 70000 0 0
D STATE STR CORP COM 85747710 18850 258000 SH SOLE 258000 0 0
D SUN MICROSYSTEMS IN COM 86681010 37170 480000 SH SOLE 480000 0 0
D TEXACO INC COM 88169410 27808 512000 SH SOLE 512000 0 0
D TIME WARNER INC COM 88731510 46620 644700 SH SOLE 644700 0 0
D TRICON GLOBAL RESTA COM 89595310 6587 170525 SH SOLE 170525 0 0
D WARNER LAMBERT CO COM 93448810 57324 699599 SH SOLE 699599 0 0
D WATERS CORP COM 94184810 17596 332000 SH SOLE 332000 0 0
D WELLS FARGO & CO NE COM 94974610 21230 525000 SH SOLE 525000 0 0
D WESTPOINT STEVENS I COM 96123810 20246 1156900 SH SOLE 1156900 0 0
D WRIGLEY WM JR CO COM 98252610 14597 176000 SH SOLE 176000 0 0
D TRANSOCEAN SEDCO FO COM G9007810 2398 71194 SH SOLE 71194 0 0
D ROYAL CARIBBEAN CRU COM V7780T10 24163 490000 SH SOLE 490000 0 0
</TABLE>
