UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended: March 31, 1999
Institutional Investment Manager Filing this Report:
Name: Siphron Capital Management
Address: 280 South Beverly Drive, suite 412
Beverly Hills, CA 90212
13F File Number: 28-3316
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:
Name: David C. Siphron
Title: President / CEO
Phone: 310-858-7281
Signature, Place, and Date of Signing:
David C. Siphron Beverly Hills, California May 13, 1999
Report Type (Check only one) :
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
I AM SIGNING THIS REPORT AS REQUIRED BY
THE SECURITIES EXCHANGE ACT OF 1934.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 28
Form 13F Information Table Value Total: 1101306
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FORM 13F INFORMATION TABLE
NAME OF ISSUER Class Cusip Value Quantity SH/ PUT/ INV OTH VTG
(x$1000) of Shares PRN CALL DSCRN MGR AUT
- ------------------ ------ -------- ------- --------- --- ---- ----- --- ----
Abbott Labs COM 002824100 39,889 852,100 SH N/A SOLE N/A SOLE
American Express COM 025816109 57,862 491,400 SH SOLE SOLE
American Int'l Grp COM 026874107 37,273 309,000 SH SOLE SOLE
Bristol-Myers Sq. COM 110122108 26,666 415,850 SH SOLE SOLE
Campbell Soup COM 134429109 13,708 336,915 SH SOLE SOLE
Chase Manhattan COM 16161A108 33,603 412,944 SH SOLE SOLE
Clorox Co. COM 189054109 47,988 409,500 SH SOLE SOLE
Coca-Cola COM 191216100 42,800 697,350 SH SOLE SOLE
Eastman Kodak COM 277461109 15,074 235,998 SH SOLE SOLE
Electronic Data Sys COM 285661104 35,459 728,300 SH SOLE SOLE
Gannett Co. COM 364730101 22,951 364,300 SH SOLE SOLE
Gillette COM 375766102 54,100 910,200 SH SOLE SOLE
Hershey Foods COM 427866108 35,639 635,700 SH SOLE SOLE
Hewlett-Packard COM 428236103 24,860 366,600 SH SOLE SOLE
Intel Corp. COM 458140100 40,505 340,732 SH SOLE SOLE
Johnson & Johnson COM 478160104 57,792 618,100 SH SOLE SOLE
Lilly (Eli) COM 532457108 31,997 376,990 SH SOLE SOLE
McDonald's Corp. COM 580135101 61,653 1,360,620 SH SOLE SOLE
Merck & Co. COM 589331107 49,786 621,360 SH SOLE SOLE
Microsoft Corp. COM 594918104 57,055 636,600 SH SOLE SOLE
Minnesota Mining COM 604059105 32,892 464,905 SH SOLE SOLE
N.Y. Times Co. COM 650111107 10,808 379,240 SH SOLE SOLE
NIKE, Inc. 'B' COM 654106103 33,834 586,500 SH SOLE SOLE
Pfizer, Inc. COM 717081103 44,511 320,800 SH SOLE SOLE
Quaker Oats COM 747402105 36,155 580,800 SH SOLE SOLE
Schwab (Charles) COM 808513105 88,236 917,925 SH SOLE SOLE
Wells Fargo COM 949746101 31,479 897,800 SH SOLE SOLE
Wrigley (Wm.) Jr. COM 982526105 36,728 406,120 SH SOLE SOLE
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