UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F COVER PAGE
Report for the month ended: 03/31/2000
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 04/13/2000
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: 43
Form 13F Information Table Value Total: 419957
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 10180 289300 SH SOLE 289300 0 0
Adobe Systems COM 00724F101 17576 157900 SH SOLE 157900 0 0
Archer-Daniels Midland COM 039483102 4478 434248 SH SOLE 434248 0 0
Avnet COM 053807103 8726 138500 SH SOLE 138500 0 0
Becton Dickinson COM 075887109 10686 406100 SH SOLE 406100 0 0
Texaco COM 881694103 12287 228600 SH SOLE 228600 0 0
Fedex Corporation COM 31304N107 11058 284900 SH SOLE 284900 0 0
CSX COM 126408103 4706 200250 SH SOLE 200250 0 0
Chase Manhattan Corp. COM 16161A108 16949 194400 SH SOLE 194400 0 0
Compaq Computer Corp. COM 204493100 7158 265100 SH SOLE 265100 0 0
Sara Lee COM 803111103 9396 522000 SH SOLE 522000 0 0
Target Corporation COM 239753106 21513 287800 SH SOLE 287800 0 0
Bank One COM 06423A103 10267 297600 SH SOLE 297600 0 0
Eastman Kodak COM 277461109 8614 158600 SH SOLE 158600 0 0
Federal National Mortgage COM 313586109 19599 346500 SH SOLE 346500 0 0
Ford Motor COM 345370100 12977 282500 SH SOLE 282500 0 0
General Electric COM 369604103 14512 93250 SH SOLE 93250 0 0
Hewlett-Packard COM 428236103 20848 156900 SH SOLE 156900 0 0
Hilton Hotels COM 432848109 4297 554500 SH SOLE 554500 0 0
Home Depot COM 437076102 10239 158750 SH SOLE 158750 0 0
Intel Corporation COM 458140100 32905 249400 SH SOLE 249400 0 0
Johnson & Johnson COM 478160104 7545 107400 SH SOLE 107400 0 0
Hartford Financial Services COM 416515104 12739 241500 SH SOLE 241500 0 0
Pactiv Corp. COM 695257105 1992 229300 SH SOLE 229300 0 0
Network Associates COM 640938106 6766 209800 SH SOLE 209800 0 0
Merck COM 589331107 10039 161600 SH SOLE 161600 0 0
Micron Technology COM 595112103 15359 121900 SH SOLE 121900 0 0
Morgan J.P. COM 616880100 7431 56400 SH SOLE 56400 0 0
Tenet Healthcare COM 88033G100 10426 453300 SH SOLE 453300 0 0
Nike COM 654106103 6871 173400 SH SOLE 173400 0 0
Office Depot COM 676220106 2348 203100 SH SOLE 203100 0 0
Pall Corporation COM 696429307 3909 174200 SH SOLE 174200 0 0
MCI Worldcom COM 55268B106 11718 258600 SH SOLE 258600 0 0
Reynolds Metals COM 761763101 7634 114150 SH SOLE 114150 0 0
Safeco COM 786429100 4088 153900 SH SOLE 153900 0 0
St. Paul Companies COM 79286010 7187 210600 SH SOLE 210600 0 0
USX Marathon COM 902905827 8090 310400 SH SOLE 310400 0 0
Unocal COM 915289102 6923 232700 SH SOLE 232700 0 0
Warner Lambert COM 934488107 18932 193800 SH SOLE 193800 0 0
</TABLE>
