UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended: March 31, 2000
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 12, 2000
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: 25
Form 13F Information Table Value Total: 1206854
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FORM 13F INFORMATION TABLE
Value Quantity SH/ PUT/ INV OTH VTG
NAME OF ISSUER CLASS Cusip (x$1000) of Shares PRN CALL DSCRN MGR AUT
- ---------------- ----- --------- ------- --------- --- ---- ----- --- ---
American Express COM 025816109 77,343 519,300 SH N/A SOLE N/A SOLE
Chase Manhattan COM 16161A108 40,145 460,444 SH SOLE SOLE
Citigroup Inc. COM 172967101 52,103 870,200 SH SOLE SOLE
Coca-Cola COM 191216100 39,477 841,050 SH SOLE SOLE
Compaq Computer COM 204493100 84 3,100 SH SOLE SOLE
Dell Computers COM 247025109 71,516 1,325,900 SH SOLE SOLE
Disney (Walt) COM 254687106 99 2,400 SH SOLE SOLE
EMC Corp. COM 268648102 55,768 442,600 SH SOLE SOLE
Eastman Kodak COM 277461109 14,279 262,898 SH SOLE SOLE
Electronic Data Sys. COM 285661104 48,808 760,400 SH SOLE SOLE
First Union Corp COM 337358105 50,712 1,361,400 SH SOLE SOLE
Gillette COM 375766102 53,226 1,412,300 SH SOLE SOLE
Goldman Sachs COM 38141G104 45,836 435,500 SH SOLE SOLE
Hershey Foods COM 427866108 42,637 874,600 SH SOLE SOLE
Hewlett-Packard COM 428236103 59,880 450,650 SH SOLE SOLE
Intel Corp. COM 458140100 108,435 821,864 SH SOLE SOLE
Merck & Co. COM 589331107 41,335 665,360 SH SOLE SOLE
Merrill Lynch COM 590188108 57,551 548,100 SH SOLE SOLE
Microsoft Corp. COM 594918104 57,736 543,400 SH SOLE SOLE
Minnesota Mining COM 604059105 44,098 497,930 SH SOLE SOLE
Morgan Stanley D.W. COM 617446448 51,142 617,100 SH SOLE SOLE
NIKE, Inc. 'B' COM 654106103 26,085 658,300 SH SOLE SOLE
PepsiCo, Inc. COM 713448108 45,836 1,314,300 SH SOLE SOLE
Schwab (Charles) COM 808513105 75,228 1,324,146 SH SOLE SOLE
Wrigley (Wm.) Jr. COM 982526105 47,495 618,320 SH SOLE SOLE
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