RUSSELL FRANK INVESTMENT MANAGEMENT CO
13F-NT, 2000-02-07
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                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                   Form 13F

                              Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended:  December 31, 1999
                                                -----------------
Check here if Amendment [ ]; Amendment Number:
                                                -----------------
     This Amendment (Check only one.):  [ ] is a restatement.
                                        [ ] adds new holdings entries

Institutional Investment Manager Filing this Report:

Name:    Frank Russell Investment Management Company
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Address: 909 A Street
         Tacoma, WA 98402
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Form 13F File Number:  028-02762
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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:   Mark E. Swanson
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Title   Director, Fund Administration
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Phone:  (253) 596-2493
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/s/ Mark Swanson                         Tacoma, WA             February 4, 2000
- -----------------------------           -------------           ----------------
    [Signature]                         (City, State)                (Date)

Report Type (Check only one.):
[ ] 13F HOLDINGS REPORT.
[X] 13F NOTICE.
[ ] 13F COMBINATION REPORT.

List of Other Managers Reporting for this Manager:

     Form 13F File Number                    Name
     --------------------           ---------------------
     28-1190                        Frank Russell Company


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