UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F COVER PAGE
Report for the month ended: 12/31/1999
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: 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 01/19/2000
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: 47
Form 13F Information Table Value Total: 361602
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 10349 285000 SH SOLE 285000 0 0
Adobe Systems COM 00724F101 15454 229800 SH SOLE 229800 0 0
Archer-Daniels Midland COM 039483102 5274 434972 SH SOLE 434972 0 0
Avnet COM 053807103 8355 138100 SH SOLE 138100 0 0
Becton Dickinson COM 075887109 10662 395800 SH SOLE 395800 0 0
Texaco COM 881694103 10243 188600 SH SOLE 188600 0 0
FDX Corp. COM 31304N107 11524 281500 SH SOLE 281500 0 0
CSX COM 126408103 6255 199350 SH SOLE 199350 0 0
Chase Manhattan Corp. COM 16161A108 14893 191700 SH SOLE 191700 0 0
Dayton Hudson COM 239753106 21084 287100 SH SOLE 287100 0 0
Bank One COM 06423A103 7517 234900 SH SOLE 234900 0 0
Eastman Kodak COM 277461109 10328 155900 SH SOLE 155900 0 0
Federal National Mortgage COM 313586109 21322 341500 SH SOLE 341500 0 0
Ford Motor COM 345370100 14858 278700 SH SOLE 278700 0 0
General Electric COM 369604103 17494 113050 SH SOLE 113050 0 0
Hewlett-Packard COM 428236103 17688 155500 SH SOLE 155500 0 0
Hilton Hotels COM 432848109 5204 544200 SH SOLE 544200 0 0
Home Depot COM 437076102 10952 159300 SH SOLE 159300 0 0
Intel Corporation COM 458140100 20471 248700 SH SOLE 248700 0 0
Johnson & Johnson COM 478160104 8038 86200 SH SOLE 86200 0 0
Hartford Financial Services COM 416515104 8618 181900 SH SOLE 181900 0 0
Pactiv Corp. COM 695257105 2437 229400 SH SOLE 229400 0 0
Network Associates COM 640938106 5498 206000 SH SOLE 206000 0 0
Merck COM 589331107 3339 49700 SH SOLE 49700 0 0
Micron Technology COM 595112103 11922 152600 SH SOLE 152600 0 0
Morgan J.P. COM 616880100 4748 37500 SH SOLE 37500 0 0
Tenet Healthcare COM 88033G100 8700 370200 SH SOLE 370200 0 0
Office Depot COM 676220106 2230 202700 SH SOLE 202700 0 0
Pall Corporation COM 696429307 3681 170700 SH SOLE 170700 0 0
MCI Worldcom COM 55268B106 8779 165450 SH SOLE 165450 0 0
Reynolds Metals COM 761763101 8685 113350 SH SOLE 113350 0 0
Safeco COM 786429100 3771 151600 SH SOLE 151600 0 0
St. Paul Companies COM 79286010 7014 208200 SH SOLE 208200 0 0
USX Marathon COM 902905827 7335 297100 SH SOLE 297100 0 0
Unocal COM 915289102 7797 232300 SH SOLE 232300 0 0
Union Pacific Resources COM 907834105 1655 129800 SH SOLE 129800 0 0
Warner Lambert COM 934488107 15757 192300 SH SOLE 192300 0 0
</TABLE>
