UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington DC 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment: [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: NCM CAPITAL MANAGEMENT GROUP INC.
Address: 103 West Main St.
4th Floor
Durham, N.C. 27701
Form 13F File Number: 28-2553
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: Edith Noel
Title: Corporate Secretary
Phone: 919-688-0620
Signature, Place, and Date of Signing:
Edith Noel Durham, N.C. 4/28/99
- ------------------------------ -------------------- --------
Signature City, State Date
Report Type:
[X] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 173
Form 13F Information Table Value Total: $1,273,541
List of Other Included Managers:
NONE
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FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------------------------- -------- --------- -------- ---------------------- -------- ------------ --------------------------
TITLE CUSIP VALUE SHARES / SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS NUMBER (x$1000) PRINCIPAL AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- -------------------------------- -------- --------- -------- ------------- --- ---- -------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AES AES CORPORATION COMMON 00130H105 13168 353494 SH SOLE AL 353494
AES AES CORPORATION COMMON 00130H105 1123 30148 SH DEFINED AL 30148
T A T & T CORP COMMON 001957109 12285 153925 SH SOLE AL 153925
LMG.A AT&T-LIBERTY MEDIA GRP COMMON 001957208 1551 29500 SH SOLE AL 29500
ATI AIRTOUCH COMMUNICATIONS COMMON 00949T100 3251 33649 SH SOLE AL 33649
ATI AIRTOUCH COMMUNICATIONS COMMON 00949T100 1518 15708 SH DEFINED AL 15708
AA ALCOA INC. COMMON 013817101 8128 197350 SH SOLE AL 197350
AT ALLTEL CORP COMMON 020039103 7067 113300 SH SOLE AL 113300
ALTR ALTERA CORPORATION COMMON 021441100 5629 94600 SH SOLE AL 94600
AOL AMERICA ONLINE INC. COMMON 02364J104 19522 132800 SH SOLE AL 132800
AXP AMERICAN EXPRESS COMMON 025816109 865 7350 SH SOLE AL 7350
AIG AMERICAN INTL GROUP COMMON 026874107 17432 144514 SH SOLE AL 144514
APCC AMERICAN POWER CONVERSION COMMON 029066107 2660 98500 SH SOLE AL 98500
AWK AMERICAN WATER WORKS INC COMMON 030411102 1619 55600 SH SOLE AL 55600
AMGN AMGEN INC COMMON 031162100 10640 142100 SH SOLE AL 142100
APC ANADARKO PETE COMMON 032511107 2820 74700 SH SOLE AL 74700
AUD AUTOMATIC DATA PROCESSING COMMON 053015103 2210 53402 SH SOLE AL 53402
AUD AUTOMATIC DATA PROCESSING COMMON 053015103 1035 25016 SH DEFINED AL 25016
BJ BJ'S WHOLESALE CLUB INC. COMMON 05548J106 4757 180800 SH SOLE AL 180800
BPA BP AMOCO PLC COMMON 055622104 10007 99084 SH SOLE AL 99084
BPA BP AMOCO PLC COMMON 055622104 949 9400 SH DEFINED AL 9400
BMCS BMC SOFTWARE INC COMMON 055921100 2486 67086 SH SOLE AL 67086
BMCS BMC SOFTWARE INC COMMON 055921100 1164 31400 SH DEFINED AL 31400
ONE BANK ONE CORP COMMON 06423A103 17301 314200 SH SOLE AL 314200
BAC BANKAMERICA CORP COMMON 06605F102 35646 504725 SH SOLE AL 504725
BAX BAXTER INTERNATIONAL COMMON 071813109 7234 109600 SH SOLE AL 109600
BEL BELL ATLANTIC CORP COMMON 077853109 7044 136275 SH SOLE AL 136275
BLS BELLSOUTH CORP COMMON 079860102 14078 351390 SH SOLE AL 351390
HRB H & R BLOCK INC. COMMON 093671105 1758 37100 SH SOLE AL 37100
BMY BRISTOL MYERS SQUIBB CO COMMON 110122108 513 8000 SH SOLE AL 8000
BNI BURLINGTON NORTHERN COMMON 12189T104 626 19038 SH SOLE AL 19038
BNI BURLINGTON NORTHERN COMMON 12189T104 276 8386 SH DEFINED AL 8386
CMS CMS ENERGY CORP. COMMON 125896100 10118 251375 SH SOLE AL 251375
CSX CSX CORPORATION COMMON 126408103 8335 214050 SH SOLE AL 214050
CVS CVS CORP. COMMON 126650100 8778 184800 SH SOLE AL 184800
CDN CANDENCE DESIGN SYSTEM INC COMMON 127387108 14183 550800 SH SOLE AL 550800
CAH CARDINAL HEALTH INC. COMMON 14149Y108 15335 232350 SH SOLE AL 232350
CAH CARDINAL HEALTH INC. COMMON 14149Y108 1208 18308 SH DEFINED AL 18308
CD CENDANT CORP. COMMON 151313103 4633 290675 SH SOLE AL 290675
CTL CENTURY TELEPHONE COMMON 156686107 10514 149659 SH SOLE AL 149659
CEN CERIDIAN CORP. COMMON 15677T106 2000 54700 SH SOLE AL 54700
CHV CHEVRON USA INC COMMON 166751107 11952 134675 SH SOLE AL 134675
CSCO CISCO SYSTEMS INC. COMMON 17275R102 13912 126982 SH SOLE AL 126982
CSCO CISCO SYSTEMS INC. COMMON 17275R102 983 8971 SH DEFINED AL 8971
C CITIGROUP INC. COMMON 172967101 24525 383949 SH SOLE AL 383949
C CITIGROUP INC. COMMON 172967101 1418 22195 SH DEFINED AL 22195
CCU CLEAR CHANNEL COMM. COMMON 184502102 5637 84050 SH SOLE AL 84050
CLX CLOROX COMPANY COMMON 189054109 2539 21670 SH SOLE AL 21670
CPQ COMPAQ COMPUTER COMMON 204493100 7415 234000 SH SOLE AL 234000
CA COMPUTER ASSOC COMMON 204912109 7577 213075 SH SOLE AL 213075
CPWR COMPUWARE COMMON 205638109 3748 157000 SH SOLE AL 157000
CMVT COMVERSE TECHNOLOGY INC. COMMON 205862402 3094 36400 SH SOLE AL 36400
CNC CONSECO COMMON 208464107 21811 706436 SH SOLE AL 706436
CNC CONSECO COMMON 208464107 798 25862 SH DEFINED AL 25862
COST COSTCO COMPANIES INC. COMMON 22160Q102 13249 144700 SH SOLE AL 144700
CNK CROMPTON & KNOWLES CORP. COMMON 227111101 6347 402975 SH SOLE AL 402975
DHR DANAHER CORP COMMON 235851102 2242 42900 SH SOLE AL 42900
DH DAYTON HUDSON CORP COMMON 239753106 8555 128400 SH SOLE AL 128400
DL DIAL CORP. COMMON 25247D101 9622 279900 SH SOLE AL 279900
DIS WALT DISNEY HOLDING CO. COMMON 254687106 1669 53618 SH SOLE AL 53618
DIS WALT DISNEY HOLDING CO. COMMON 254687106 781 25100 SH DEFINED AL 25100
DG DOLLAR GENERAL COMMON 256669102 15619 459372 SH SOLE AL 459372
DG DOLLAR GENERAL COMMON 256669102 1197 35200 SH DEFINED AL 35200
DNY DONNELLEY RR & SONS COMMON 257867101 4081 126800 SH SOLE AL 126800
DD E. I. DUPONT COMMON 263534109 6094 104950 SH SOLE AL 104950
DUK DUKE POWER COMPANY COMMON 264399106 5542 101100 SH SOLE AL 101100
EMC EMC CORP/MASS COMMON 268648102 14512 113600 SH SOLE AL 113600
ECL ECOLAB INC. COMMON 278865100 430 12100 SH SOLE AL 12100
ELN ELAN CORP PLC-ADR COMMON 284131208 3697 53000 SH SOLE AL 53000
ENE ENRON COMMON 293561106 6187 96300 SH SOLE AL 96300
EQ EQUITABLE COMPANIES INC. COMMON 29444G107 24957 356525 SH SOLE AL 356525
XON EXXON CORPORATION COMMON 302290101 13566 192250 SH SOLE AL 192250
FDX FDX CORPORATION COMMON 31304N107 4899 52675 SH SOLE AL 52675
FNM FEDERAL NAT'L MTG ASSN COMMON 313586109 13007 187820 SH SOLE AL 187820
FITB FIFTH THIRD BANCORP. COMMON 316773100 10682 162000 SH SOLE AL 162000
FTEN FIRST TENNESSEE NATL CORP COMMON 337162101 1619 44200 SH SOLE AL 44200
FSR FIRSTAR CORPORATION COMMON 33763V109 19584 218816 SH SOLE AL 218816
FSR FIRSTAR CORPORATION COMMON 33763V109 1307 14600 SH DEFINED AL 14600
FRX FOREST LABS, INC. COMMON 345838106 1201 21300 SH SOLE AL 21300
BEN FRANKLIN RESOURCES INC. COMMON 354613101 15783 561175 SH SOLE AL 561175
FCX FREEPORT-MCMORAN COPPER-B COMMON 35671D857 1130 103875 SH SOLE AL 103875
GE GENERAL ELECTRIC CO COMMON 369604103 11173 101000 SH SOLE AL 101000
GM GENERAL MOTORS COMMON 370442105 14514 166825 SH SOLE AL 166825
G GILLETTE COMPANY COMMON 375766102 14415 242520 SH SOLE AL 242520
G GILLETTE COMPANY COMMON 375766102 1322 22238 SH DEFINED AL 22238
HDI HARLEY DAVIDSON COMMON 412822108 4097 71400 SH SOLE AL 71400
HD HOME DEPOT INC COMMON 437076102 10734 172430 SH SOLE AL 172430
RX IMS HEALTH INC. COMMON 449934108 12070 364383 SH SOLE AL 364383
RX IMS HEALTH INC. COMMON 449934108 1222 36880 SH DEFINED AL 36880
ITW ILLINOIS TOOL WORKS COMMON 452308109 2604 42083 SH SOLE AL 42083
ITW ILLINOIS TOOL WORKS COMMON 452308109 1212 19587 SH DEFINED AL 19587
IR INGERSOLL RAND COMMON 456866102 1102 22200 SH SOLE AL 22200
INTC INTEL CORP COMMON 458140100 19017 159975 SH SOLE AL 159975
IBM INTL BUS. MACHINES COMMON 459200101 10945 61750 SH SOLE AL 61750
IPG INTERPUBLIC GROUP COS INC COMMON 460690100 3342 42915 SH SOLE AL 42915
IPG INTERPUBLIC GROUP COS INC COMMON 460690100 1199 15400 SH DEFINED AL 15400
JNJ JOHNSON & JOHNSON COMPANY COMMON 478160104 14333 153291 SH SOLE AL 153291
JNJ JOHNSON & JOHNSON COMPANY COMMON 478160104 1346 14393 SH DEFINED AL 14393
KM K MART CORP COMMON 482584109 13796 820600 SH SOLE AL 820600
KMB KIMBERLY-CLARK CORP. COMMON 494368103 10645 222054 SH SOLE AL 222054
KR KROGER CO. COMMON 501044101 11101 185400 SH SOLE AL 185400
LOW LOWES COMPANIES INC COMMON 548661107 10799 178500 SH SOLE AL 178500
LU LUCENT TECHNOLGIES INC. COMMON 549463107 11718 108500 SH SOLE AL 108500
MBI MBIA INC. COMMON 55262C100 1386 23900 SH SOLE AL 23900
WCOM MCI WORLDCOM INC. COMMON 55268B106 19657 221959 SH SOLE AL 221959
MMC MARSH & McLENNAN COMMON 571748102 18975 255549 SH SOLE AL 255549
MMC MARSH & McLENNAN COMMON 571748102 995 13395 SH DEFINED AL 13395
MLM MARTIN MARIETTA MATERIALS COMMON 573284106 2237 39200 SH SOLE AL 39200
MDT MEDTRONIC INC COMMON 585055106 4463 62100 SH SOLE AL 62100
MRK MERCK & COMPANY COMMON 589331107 15883 198224 SH SOLE AL 198224
MER MERRILL LYNCH COMMON 59018810 20786 234875 SH SOLE AL 234875
MSFT MICROSOFT CORP COMMON 594918104 27537 307250 SH SOLE AL 307250
MSFT MICROSOFT CORP COMMON 594918104 1051 11724 SH DEFINED AL 11724
UNB UMBONO INVESTMENT ORDINARY COMMON 603333333 5739 31882837 SH SOLE AL 31882837
MMM MINNESOTA MINING & MFG COMMON 604059105 4800 67850 SH SOLE AL 67850
MOB MOBIL CORP COMMON 607059102 7142 81159 SH SOLE AL 81159
MOB MOBIL CORP COMMON 607059102 893 10145 SH DEFINED AL 10145
MOT MOTOROLA INC COMMON 620076109 17073 233075 SH SOLE AL 233075
NCR NCR CORPORATION COMMON 62886E108 975 19500 SH SOLE AL 19500
NFS NATIONWIDE FINANCIAL SRV COMMON 638612101 1579 37600 SH SOLE AL 37600
NETA NETWORKS ASSOCIATES INC. COMMON 640938106 2998 97700 SH SOLE AL 97700
NTAP NETWORK APPLIANCE INC COMMON 64120L104 2602 51400 SH SOLE AL 51400
NWL NEWELL RUBBERMAID INC. COMMON 651229106 2461 51800 SH SOLE AL 51800
ODP OFFICE DEPOT COMMON 676220106 5047 134800 SH SOLE AL 134800
ORCL ORACLE SYSTEMS COMMON 68389X105 12621 478532 SH SOLE AL 478532
ORCL ORACLE SYSTEMS COMMON 68389X105 910 34500 SH DEFINED AL 34500
PBG PEPSI BOTTLING GROUP INC. COMMON 713409100 434 20000 SH SOLE AL 20000
PEP PEPSICO INC. COMMON 713448108 7958 203075 SH SOLE AL 203075
PFE PFIZER INC. COMMON 717081103 15027 108300 SH SOLE AL 108300
PNW PINNACLE WEST CAPITAL COMMON 723484101 1608 44200 SH SOLE AL 44200
TROW PRICE (T. ROWE) ASSOCIATES COMMON 741477103 1832 53300 SH SOLE AL 53300
PG PROCTER & GAMBLE CO COMMON 742718109 837 8550 SH SOLE AL 8550
PL PROTECTIVE LIFE CORP. COMMON 743674103 3420 90300 SH SOLE AL 90300
SBC SBC COMMUNICATIONS INC COMMON 78387G103 30467 645653 SH SOLE AL 645653
SBC SBC COMMUNICATIONS INC COMMON 78387G103 1257 26646 SH DEFINED AL 26646
SWY SAFEWAY INC. COMMON 786514208 9970 194301 SH SOLE AL 194301
SWY SAFEWAY INC. COMMON 786514208 961 18727 SH DEFINED AL 18727
SKS SAKS INCORPORATED COMMON 79377W108 3676 141400 SH SOLE AL 141400
SGP SCHERING PLOUGH CORP COMMON 806605101 14669 265500 SH SOLE AL 265500
SLB SCHLUMBERGER LTD COMMON 806857108 10775 179025 SH SOLE AL 179025
SRV SERVICE CORP INTL COMMON 817565104 4337 304345 SH SOLE AL 304345
SIAL SIGMA-ALDRICH COMMON 826552101 3128 106945 SH SOLE AL 106945
SIAL SIGMA-ALDRICH COMMON 826552101 1027 35106 SH DEFINED AL 35106
SLR SOLECTRON CORP. COMMON 834182107 8367 172300 SH SOLE AL 172300
LUV SOUTHWEST AIRLINES COMMON 844741108 1537 50800 SH SOLE AL 50800
FON SPRINT CORPORATION COMMON 852061100 15415 157100 SH SOLE AL 157100
STT STATE STREET CORP COMMON 857477103 15701 190889 SH SOLE AL 190889
STT STATE STREET CORP COMMON 857477103 962 11700 SH DEFINED AL 11700
SUNW SUN MICROSYSTEMS COMMON 866810104 17197 137511 SH SOLE AL 137511
SUNW SUN MICROSYSTEMS COMMON 866810104 1126 9000 SH DEFINED AL 9000
SYMC SYMANTEC CORP. COMMON 871503108 8250 487075 SH SOLE AL 487075
SYY SYSCO CORP COMMON 871829107 7046 267800 SH SOLE AL 267800
TJX TJX COMPANIES COMMON 872540109 1784 52485 SH SOLE AL 52485
TJX TJX COMPANIES COMMON 872540109 836 24600 SH DEFINED AL 24600
TLAB TELLABS INC. COMMON 879664100 7146 73100 SH SOLE AL 73100
TX TEXACO INC. COMMON 881694103 5925 104400 SH SOLE AL 104400
COMS 3COM CORP COMMON 885535104 653 28000 SH SOLE AL 28000
TWX TIME WARNER INC COMMON 887315109 16195 228700 SH SOLE AL 228700
TYC TYCO INTERNATIONAL LTD. COMMON 902124106 15674 218454 SH SOLE AL 218454
TYC TYCO INTERNATIONAL LTD. COMMON 902124106 1441 20082 SH DEFINED AL 20082
MRO USX-MARATHON GROUP COMMON 902905827 8714 316875 SH SOLE AL 316875
UFS U.S. FOODSERVICE COMMON 90331R101 1144 24600 SH SOLE AL 24600
X USX-U.S. STEEL GROUP INC. COMMON 90337T101 5429 231000 SH SOLE AL 231000
UTX UNITED TECHNOLOGIES CP COMMON 913017109 6748 49825 SH SOLE AL 49825
WMT WAL-MART STORES, INC. COMMON 931142103 1646 17850 SH SOLE AL 17850
WLA WARNER LAMBERT COMMON 934488107 1093 16500 SH SOLE AL 16500
WM WASHINGTON MUTUAL INC. COMMON 939322103 21088 515910 SH SOLE AL 515910
WMI WASTE MANAGEMENT INC COMMON 94106L109 9911 223350 SH SOLE AL 223350
WPI WATSON PHARMACEUTICALS INC COMMON 942683103 3236 73347 SH SOLE AL 73347
WPI WATSON PHARMACEUTICALS INC COMMON 942683103 1514 34317 SH DEFINED AL 34317
WMB WILLIAMS COMPANIES COMMON 969457100 7116 180164 SH SOLE AL 180164
YHOO YAHOO! INC. COMMON 984332106 1600 9500 SH SOLE AL 9500
TOM TOMMY HILFIGER CORPORATION COMMON G8915Z102 2714 39400 SH SOLE AL 39400
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