UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F COVER PAGE
Report for the month ended: 09/30/1999
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: Clay Finlay Inc.
Address: 200 Park Avenue
56th Floor
New York, NY 10016
13F File Number: 28-2989
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, statments,
schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: William O'Donnell
Title: Treasurer
Phone: 212-557-7022
Signature, Place, and Date of Signing:
William O'Donnell New York, New York 11/03/1999
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 46
Form 13F Information Table Value Total: 334368
List of Other Managers:
<PAGE>
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
----------------------------- ----------------- ---------- -------- -------- --- ---- ------- ---------- -------- -------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Abbott Laboratories COM 002824100 8823 240500 SH SOLE 240500 0 0
Adobe Systems COM 00724F101 16991 149700 SH SOLE 149700 0 0
AGCO COM 001084102 2675 205800 SH SOLE 205800 0 0
Archer-Daniels Midland COM 039483102 5548 457572 SH SOLE 457572 0 0
Avnet COM 053807103 6128 145900 SH SOLE 145900 0 0
Becton Dickinson COM 075887109 9755 347600 SH SOLE 347600 0 0
Texaco COM 881694103 12549 198800 SH SOLE 198800 0 0
FDX Corp. COM 31304N107 11519 296300 SH SOLE 296300 0 0
CSX COM 126408103 8897 209950 SH SOLE 209950 0 0
Chase Manhattan Corp. COM 16161A108 15150 201000 SH SOLE 201000 0 0
Dayton Hudson COM 239753106 18127 301800 SH SOLE 301800 0 0
Bank One COM 06423A103 8602 247100 SH SOLE 247100 0 0
Eastman Kodak COM 277461109 10277 135900 SH SOLE 135900 0 0
Federal National Mortgage COM 313586109 22530 359400 SH SOLE 359400 0 0
Ford Motor COM 345370100 14733 293200 SH SOLE 293200 0 0
General Electric COM 369604103 14150 119350 SH SOLE 119350 0 0
Hewlett-Packard COM 428236103 14910 164300 SH SOLE 164300 0 0
Hilton Hotels COM 432848109 3731 377800 SH SOLE 377800 0 0
Home Depot COM 437076102 7693 112100 SH SOLE 112100 0 0
Intel Corporation COM 458140100 21469 288900 SH SOLE 288900 0 0
Johnson & Johnson COM 478160104 8342 90800 SH SOLE 90800 0 0
Hartford Financial Services COM 416515104 5706 139600 SH SOLE 139600 0 0
Network Associates COM 640938106 2165 113200 SH SOLE 113200 0 0
Micron Technology COM 595112103 10687 160700 SH SOLE 160700 0 0
Morgan J.P. COM 616880100 4513 39500 SH SOLE 39500 0 0
Tenet Healthcare COM 88033G100 4810 273900 SH SOLE 273900 0 0
Office Depot COM 676220106 2248 214100 SH SOLE 214100 0 0
Pall Corporation COM 696429307 4222 182100 SH SOLE 182100 0 0
MCI Worldcom COM 55268B106 5153 71700 SH SOLE 71700 0 0
Reynolds Metals COM 761763101 7314 121150 SH SOLE 121150 0 0
Safeco COM 786429100 4477 159900 SH SOLE 159900 0 0
St. Paul Companies COM 79286010 6020 218900 SH SOLE 218900 0 0
Tenneco COM 88037E101 3900 229400 SH SOLE 229400 0 0
USX Marathon COM 902905827 6564 224400 SH SOLE 224400 0 0
Unocal COM 915289102 6820 184000 SH SOLE 184000 0 0
Union Pacific Resources COM 907834105 2233 137400 SH SOLE 137400 0 0
Warner Lambert COM 934488107 13467 202900 SH SOLE 202900 0 0
</TABLE>
