UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 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: Nippon Life Insurance Company
Address: 1-2-2 Yurakucho, Chiyoda-ku
Tokyo Japan 100-8444
Form 13F File Number: 28-3746
The institutional investment manger 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 on Behalf of Reporting Manager:
Name: Yasushi Nagai
Title: Deputy General Manager
Phone: 011 (81) 3 (3507) 1436
Signature, Place, and Date of Signing:
/s/ Yasushi Nagai Tokyo, Japan May 25, 1999
[Signature] [City, State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report).
[ ] 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 105
Form 13F Information Table Value Total: 6,769,729
(thousands)
List of Other Included Managers: None
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
None
<PAGE>
FORM 13F INFORMATION TABLE
NAME OF REPORTING MANAGER: NIPPON LIFE INSURANCE COMPANY
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C>
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8
Voting
Name of Title of CUSIP Value Amount and Type Investment Other Authority
Issuer Class Number ($1,000) of Security Discretion Managers (Shares)
Shares or
Principal SH/ PUT/ Shared- Shared-
Amount PRN CALL Sole Defined Other Sole Shared None
ABBOTT LABS COM 2824100 141,736 3,027,744 SH 3,027,744 3,027,744
AIRTOUCH COMMUNICATIONS COM 00949T100 80,010 828,050 SH 828,050 828,050
INC
ALCOA INC COM 13817101 7,003 170,020 SH 170,020 170,020
AMERICA ONLINE INC DELL COM 02364J104 36,615 250,790 SH 250,790 250,790
AMERICAN EXPRESS CO COM 25816109 359,606 3,060,480 SH 3,060,480 3,060,480
AMERICAN INTL GROUP INC COM 26874107 123,667 1,025,216 SH 1,025,216 1,025,216
AMERITECH CORP NEW COM 30954101 18,221 314,830 SH 314,830 314,830
AMR CORP COM 1765106 15,476 264,260 SH 264,260 264,260
ANHEUSER BUSCH COS INC COM 35229103 33,331 437,480 SH 437,480 437,480
APPLIED MATLS COM 38222105 16,521 267,810 SH 267,810 267,810
AT & T CORP COM 1957109 160,326 2,008,784 SH 2,008,784 2,008,784
AVERY DENNISON CORP COM 53611109 5,491 95,500 SH 95,500 95,500
BANK NEW YORK INC COM 64057102 30,424 846,570 SH 846,570 846,570
BANK ONE CORP COM 06423A103 58,258 1,058,028 SH 1,058,028 1,058,028
BANKAMERICA CORP COM 06605F102 85,015 1,203,747 SH 1,203,747 1,203,747
BELL ATLANTIC CORP COM 77853109 44,429 859,570 SH 859,570 859,570
BESTFOODS COM 08658U101 3,688 78,470 SH 78,470 78,470
BOEING CO COM 97023105 627 18,370 SH 18,370 18,370
BRISTOL MYERS SQUIBB CO COM 110122108 188,478 2,930,664 SH 2,930,664 2,930,664
CARDINAL HEALTH INC COM 14149Y108 11,314 171,425 SH 171,425 171,425
CATERPILLAR INC DELL COM 149123101 22,515 490,130 SH 490,130 490,130
CHASE MANHATTAN CORP COM 16161A108 73,598 905,120 SH 905,120 905,120
NEW
CHEVRON CORPORATION COM 166751107 42,739 483,270 SH 483,270 483,270
CHILE FD INC COM 168834109 436 42,000 SH 42,000 42,000
<PAGE>
CISCO SYS INC COM 17275R102 333,341 3,042,478 SH 3,042,478 3,042,478
CITIGROUP INC COM 172967109 193,833 3,034,571 SH 3,034,571 3,034,571
COCA COLA CO COM 191216100 65,460 1,066,550 SH 1,066,550 1,066,550
COMPAQ COMPUTER CORP COM 204493100 72,889 2,300,230 SH 2,300,230 2,300,230
CONSOLIDATED EDISON INC COM 209115104 48,424 1,068,674 SH 1,068,674 1,068,674
CORNING INC COM 219350105 3,362 56,040 SH 56,040 56,040
DAYTON HUDSON CORP COM 239753106 20,873 313,290 SH 313,290 313,290
DEERE & CO COM 244199105 3,669 94,990 SH 94,990 94,990
DELL COMPUTER CORP COM 247025109 100,266 2,453,000 SH 2,453,000 2,453,000
DISNEY WALT CO COM 254687106 88,542 2,844,730 SH 2,844,730 2,844,730
DOW CHEM CO COM 260543103 1,542 16,550 SH 16,550 16,550
DU PONT E I DE COM 263534109 140,001 2,411,220 SH 2,411,220 2,411,220
NEMOURS & CO
DUKE ENERGY CORP COM 264399106 57,791 1,057,950 SH 1,057,950 1,057,950
EASTMAN KODAK CO COM 277461109 14,828 232,140 SH 232,140 232,140
ECOLAB INC COM 278865100 10,686 301,000 SH 301,000 301,000
EMC CORP MASS COM 268648102 33,578 262,840 SH 262,840 262,840
ENRON CORP COM 293561106 2,698 41,990 SH 41,990 41,990
EXXON CORP COM 302290101 68,797 974,980 SH 974,980 974,980
FIRST PHILIPPINE COM 336100102 896 141,910 SH 141,910 141,910
FD INC
FORD MTR CO DELL COM 345370100 34,506 608,030 SH 608,030 608,030
FPL GROUP INC COM 302571104 32,861 617,112 SH 617,112 617,112
FRANKLIN RES INC COM 354613101 5,442 193,490 SH 193,490 193,490
GANNETT INC COM 364730101 12,858 204,100 SH 204,100 204,100
GENERAL ELEC CO COM 369604103 299,521 2,707,530 SH 2,707,530 2,707,530
GENERAL MTRS CORP COM 370442105 24,930 286,960 SH 286,960 286,960
GOODYEAR TIRE&RUBR CO COM 382550101 24,179 485,400 SH 485,400 485,400
GTE CORP COM 362320103 8,135 134,460 SH 134,460 134,460
HALLIBURTON CO COM 406216101 7,142 185,500 SH 185,500 185,500
HEINZ H J CO COM 423074103 18,507 390,650 SH 390,650 390,650
HERSHEY FOODS CORP COM 427866108 12,590 224,830 SH 224,830 224,830
HEWLETT PACKARD CO COM 428236103 43,533 641,960 SH 641,960 641,960
HOME DEPOT INC COM 437076102 193,565 3,109,475 SH 3,109,475 3,109,475
INDIA FD INC COM 454089103 3,309 352,920 SH 352,920 352,920
INGERSOLL RAND CO COM 456866102 5,573 112,300 SH 112,300 112,300
<PAGE>
INTEL CORP COM 458140100 152,652 1,284,140 SH 1,284,140 1,284,140
INTL BUSINESS MACHINES COM 459200101 187,833 1,059,708 SH 1,059,708 1,059,708
INTL PAPER CO COM 460146103 4,201 99,580 SH 99,580 99,580
JOHNSON & JOHNSON COM 478160104 200,969 2,145,104 SH 2,145,104 2,145,104
KELLOGG CO COM 487836108 2,563 75,800 SH 75,800 75,800
KIMBERLY CLARK CORP COM 494368103 4,165 86,882 SH 86,882 86,882
LEHMAN BROS HOLDGS INC COM 524908100 253,178 4,237,291 SH 4,237,291 4,237,291
LEXMARK INTL GROUP INC COM 529771107 6,108 54,660 SH 54,660 54,660
LILLY ELI & CO COM 532457108 75,621 890,965 SH 890,965 890,965
LUCENT TECHNOLOGIES COM 549463107 215,305 1,998,192 SH 1,998,192 1,998,192
INC
MARSH & MCLENNAN COM 571748102 2,755 37,130 SH 37,130 37,130
COS INC
MCDONALDS CORP COM 580135101 5,755 127,000 SH 127,000 127,000
MCI WORLDCOM INC COM 55268B106 95,669 1,080,240 SH 1,080,240 1,080,240
MERCK & CO INC COM 589331107 177,051 2,207,960 SH 2,207,960 2,207,960
MERRILL LYNCH & CO INC COM 590188108 6,870 77,681 SH 77,681 77,681
MICROSOFT CORP COM 594918104 351,398 3,920,762 SH 3,920,762 3,920,762
MOBIL CORP COM 607059102 33,112 376,270 SH 376,270 376,270
MONSANTO CO COM 611662107 14,622 318,310 SH 318,310 318,310
MORGAN STANLEY AFRICA COM 617444104 1,729 184,440 SH 184,440 184,440
INVT FD
MORTON INTL INC IND COM 619335102 4,281 116,500 SH 116,500 116,500
NEW
MOTOROLA INC COM 620076109 25,264 344,900 SH 344,900 344,900
ORACLE CORP COM 68389X105 51,528 1,953,665 SH 1,953,665 1,953,665
PEPSICO INC COM 713448108 76,484 1,951,745 SH 1,951,745 1,951,745
PFIZER INC COM 717081103 101,086 728,550 SH 728,550 728,550
PG&E CORP COM 69331C108 41,347 1,331,102 SH 1,331,102 1,331,102
PHILIP MORRIS COS INC COM 718154107 108,643 3,087,535 SH 3,087,535 3,087,535
PROCTER & GAMBLE CO COM 742718109 177,989 1,817,370 SH 1,817,370 1,817,370
QWEST COMMUNICATIONS COM 749121109 10,170 141,060 SH 141,060 141,060
INTL INC
ROC TAIWAN FD SH BEN INT 749651105 3,129 486,100 SH 486,100 486,100
ROHM & HAAS CO COM 775371107 17,156 511,180 SH 511,180 511,180
SARA LEE CORP COM 803111103 85,986 3,474,186 SH 3,474,186 3,474,186
SCHERING PLOUGH CORP COM 806605101 162,975 2,946,444 SH 2,946,444 2,946,444
SCHLUMBERGER LTD COM 806857108 12,241 203,382 SH 203,382 203,382
SOUTHERN AFRICA FD INC COM 842157109 1,925 177,000 SH 177,000 177,000
<PAGE>
SOUTHERN CO COM 842587107 13,456 577,180 SH 577,180 577,180
SUN MICROSYSTEMS INC COM 866810104 34,366 274,790 SH 274,790 274,790
TELEFONOS DE MEXICO SPON ADR ORD 879403780 1,368 20,880 SH 20,880 20,880
S ADRL
TEXAS INSTRS COM 882508104 28,751 289,680 SH 289,680 289,680
TEXAS UTILS CO COM 882848104 3,838 92,060 SH 92,060 92,060
TIME WARNER INC COM 887315109 31,792 447,380 SH 447,380 447,380
TYCO INTL LTD NEW COM 902124104 14,153 197,250 SH 197,250 197,250
UNIONBANCAL CORP COM 908906100 115,027 3,376,944 SH 3,376,944 3,376,944
US WEST INC COM 91273H101 8,704 158,080 SH 158,080 158,080
WAL MART STORES INC COM 931142103 189,956 2,060,536 SH 2,060,536 2,060,536
WALGREEN CO COM 931422109 16,573 586,640 SH 586,640 586,640
WARNER LAMBERT CO COM 934488107 29,019 438,440 SH 438,440 438,440
XEROX CORP COM 984121103 62,441 1,169,860 SH 1,169,860 1,169,860
6,769,729
</TABLE>
