UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F COVER PAGE
Report for the month ended: 06/30/1999
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 07/21/1999
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.
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FORM 13F SUMMARY PAGE
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 46
Form 13F Information Table Value Total: 369769
List of Other Managers:
<PAGE>
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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 11425 251800 SH SOLE 251800 0 0
Adobe Systems COM 00724F101 12767 155400 SH SOLE 155400 0 0
AGCO COM 001084102 2639 233300 SH SOLE 233300 0 0
Archer-Daniels Midland COM 039483102 7035 455695 SH SOLE 455695 0 0
Avnet COM 053807103 7035 151300 SH SOLE 151300 0 0
Becton Dickinson COM 075887109 10755 358500 SH SOLE 358500 0 0
Texaco COM 881694103 12874 206400 SH SOLE 206400 0 0
FDX Corp. COM 31304N107 14485 267000 SH SOLE 267000 0 0
CSX COM 126408103 9917 218550 SH SOLE 218550 0 0
Chase Manhattan Corp. COM 16161A108 18200 210400 SH SOLE 210400 0 0
Dayton Hudson COM 239753106 20300 312300 SH SOLE 312300 0 0
Bank One COM 06423A103 15177 254800 SH SOLE 254800 0 0
Eastman Kodak COM 277461109 9539 140800 SH SOLE 140800 0 0
Federal National Mortgage COM 313586109 24850 364100 SH SOLE 364100 0 0
Ford Motor COM 345370100 17078 302600 SH SOLE 302600 0 0
General Electric COM 369604103 14018 124050 SH SOLE 124050 0 0
Hewlett-Packard COM 428236103 17175 170900 SH SOLE 170900 0 0
Hilton Hotels COM 432848109 5556 391600 SH SOLE 391600 0 0
Home Depot COM 437076102 7488 116200 SH SOLE 116200 0 0
Intel Corporation COM 458140100 17951 301700 SH SOLE 301700 0 0
Johnson & Johnson COM 478160104 9173 93600 SH SOLE 93600 0 0
Hartford Financial Services COM 416515104 8461 145100 SH SOLE 145100 0 0
Network Associates COM 640938106 1812 123400 SH SOLE 123400 0 0
Micron Technology COM 595112103 9372 231400 SH SOLE 231400 0 0
Morgan J.P. COM 616880100 5732 40800 SH SOLE 40800 0 0
Tenet Healthcare COM 88033G100 5279 284400 SH SOLE 284400 0 0
Pall Corporation COM 696429307 4260 192000 SH SOLE 192000 0 0
Reynolds Metals COM 761763101 7472 126650 SH SOLE 126650 0 0
Safeco COM 786429100 7325 166000 SH SOLE 166000 0 0
St. Paul Companies COM 79286010 7206 226500 SH SOLE 226500 0 0
Sears Roebuck COM 812387108 9955 223400 SH SOLE 223400 0 0
Tenneco COM 88037E101 5613 235100 SH SOLE 235100 0 0
USX Marathon COM 902905827 5041 154800 SH SOLE 154800 0 0
Unocal COM 915289102 7596 191700 SH SOLE 191700 0 0
Union Pacific Resources COM 907834105 2486 152400 SH SOLE 152400 0 0
Waste Management COM 94106L109 5499 102300 SH SOLE 102300 0 0
Warner Lambert COM 934488107 9671 139900 SH SOLE 139900 0 0
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