UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 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 February 7, 2000
[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: 189
Form 13F Information Table Value Total: 9,698,217
(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>
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/ SHRD- SHRD-
Amount PRN CALL Sole DFND OTH Sole Shared None
<S> <C> <C> <C> <C> <C> <C> <C>
ABBOTT LABS COM 002824100 109,945 3,027,744 SH 3,027,744 3,027,744
ADBE SYS INC COM 00724F101 12,509 186,000 SH 186,000 186,000
AFFYMETRIX INC COM 00826T108 12,017 66,690 SH 66,690 66,690
AKAMAI TECHNOLOGIES COM 00971T101 34,080 104,020 SH 104,020 104,020
ALCOA INC COM 013817101 10,379 125,043 SH 125,043 125,043
AMAZON.COM INC COM 023135106 16,656 199,472 SH 199,472 199,472
AMERICA ONLINE INC DELL COM 02364J104 137,235 1,762,242 SH 1,762,242 1,762,242
AMERICAN EXPRESS CO COM 025816109 513,230 3,087,095 SH 3,087,095 3,087,095
AMERICAN INTL GROUP INC COM 026874107 112,530 1,038,940 SH 1,038,940 1,038,940
AMGEN INC COM 031162100 90,394 1,462,386 SH 1,462,386 1,462,386
ANCOR COMMUNICATIONS IN COM 03332K108 3,788 52,980 SH 52,980 52,980
ANHEUSER BUSCH COS INC COM 035229103 14,931 210,660 SH 210,660 210,660
APPLIED MATLS COM 038222105 22,923 180,943 SH 180,943 180,943
APPLIED MICRO CIRCUITS COM 03822W109 14,567 114,477 SH 114,477 114,477
ARGENTINA FD INC COM 40112104 434 37,370 SH 37,370 37,370
AT & T CORP COM 001957109 158,990 3,125,107 SH 3,125,107 3,125,107
AT HOME CORP COM SER A 45919107 20,377 465,100 SH 465,100 465,100
AT&T CORP-LIBERTY MEDIA COM 001957208 74,137 1,306,372 SH 1,306,372 1,306,372
AVERY DENNISON CORP COM 053611109 35,964 493,500 SH 493,500 493,500
AVON PROS INC COM 054303102 18,381 557,000 SH 557,000 557,000
AXA FINANCIAL INC COM 002451102 25,780 761,022 SH 761,022 761,022
BALLARD PWR SYS INC COM 05858H104 15,187 528,232 SH 528,232 528,232
BELL ATLANTIC CORP COM 077853109 81,292 1,315,139 SH 1,315,139 1,315,139
BIOGEN INC COM 090597105 18,724 221,588 SH 221,588 221,588
BRISTOL MYERS SQUIBB CO COM 110122108 148,741 2,270,855 SH 2,270,855 2,270,855
BROADCOM CORP-CL A COM 111320107 35,908 130,575 SH 130,575 130,575
BROADVISION INC COM 111412102 15,770 92,730 SH 92,730 92,730
BROCADE COMMUNICATIONS COM 111621108 31,025 175,280 SH 175,280 175,280
CACHEFLOW INC COM 126946102 11,361 86,890 SH 86,890 86,890
CATERPILLAR INC DELL COM 149123101 16,317 346,700 SH 346,700 346,700
CBS CORP COM 12490K107 60,945 953,203 SH 953,203 953,203
CHASE MANHATTAN CORP NE COM 16161A108 36,153 465,364 SH 465,364 465,364
CHEVRON CORPORATION COM 166751107 20,268 233,972 SH 233,972 233,972
CHILE FD INC COM 168834109 1,096 99,630 SH 99,630 99,630
CHINA.COM CORP -CL A COM G2108N109 11,464 145,800 SH 145,800 145,800
COMPANHIA CERVEJARIA BR SPONSD ADR PFD 20440X10 264 18,420 SH 18,420 18,420
CIA VALE DO RIO DOCE-SP SPONSORED ADR 204412100 313 21,660 SH 21,660 21,660
CIFRA SA-ADR V SPONSORED ADR 171785405 632 41,050 SH 41,050 41,050
CISCO SYS INC COM 17275R102 688,307 6,425,273 SH 6,425,273 6,425,273
CITIGROUP INC COM 172967109 302,247 5,439,773 SH 5,439,773 5,439,773
CLEAR CHANNEL COMMUNICA COM 184502102 15,990 178,910 SH 178,910 178,910
CMG INFORMATION SVCS IN COM 125750109 40,418 145,980 SH 145,980 145,980
COBALT NETWORKS INC COM 19074R101 2,979 27,490 SH 27,490 27,490
COCA COLA CO COM 191216100 14,911 252,993 SH 252,993 252,993
COMVERSE TECHNOLOGY INC COM PAR $0.10 205862402 15,456 106,780 SH 106,780 106,780
CONEXANT SYSTEMS INC COM 207142100 13,010 196,010 SH 196,010 196,010
Column Total: 3,038,025
<PAGE>
CONSOLIDATED EDISON INC COM 209115104 25,844 749,094 SH 749,094 749,094
CORNING INC COM 219350105 61,312 475,515 SH 475,515 475,515
CROSSROADS SYSTEMS INC COM 22765D100 3,708 43,880 SH 43,880 43,880
DELL COMPUTER CORP COM 247025109 104,193 2,043,000 SH 2,043,000 2,043,000
DIGEX INC COM 253756100 3,852 56,030 SH 56,030 56,030
DOUBLECLICK INC COM 258609304 24,237 95,775 SH 95,775 95,775
DOW CHEM CO COM 260543103 9,069 67,550 SH 67,550 67,550
DU PONT E I DE NEMOURS COM 263534109 133,777 2,030,768 SH 2,030,768 2,030,768
DUKE ENERGY CORP COM 264399106 41,149 816,851 SH 816,851 816,851
EBAY INC COM 278642103 5,188 36,136 SH 36,136 36,136
ECHOSTAR COMMUNICATIONS CLA 278762109 13,008 133,417 SH 133,417 133,417
ECOLAB INC COM 278865100 19,093 488,000 SH 488,000 488,000
ELECTRONIC DATA SYS NEW COM 285661104 6,478 96,781 SH 96,781 96,781
EMC CORP MASS COM 268648102 126,067 1,153,928 SH 1,153,928 1,153,928
EMERSON ELEC CO COM 291011104 8,320 144,380 SH 144,380 144,380
ENERSIS S A SPONSORED ADR 29274F104 369 15,880 SH 15,880 15,880
ENRON CORP COM 293561106 67,051 1,511,000 SH 1,511,000 1,511,000
EXODUS COMMUNICATIONS I COM 302088109 30,230 340,380 SH 340,380 340,380
EXXON MOBIL CORPORATION COM 30231G102 108,329 1,334,310 SH 1,334,310 1,334,310
FDX CORP COM 31304N107 16,907 413,000 SH 413,000 413,000
FIRST PHILIPPINE FD INC COM 336100102 845 133,910 SH 133,910 133,910
FPL GROUP INC COM 302571104 26,420 617,112 SH 617,112 617,112
GANNETT INC COM 364730101 17,210 210,999 SH 210,999 210,999
GAP INC DEL COM 364760108 17,595 382,500 SH 382,500 382,500
GEMSTAR INTL GROUP LTD ORD G3788V106 24,890 349,340 SH 349,340 349,340
GENENTECH INC COM 368710406 24,597 180,942 SH 180,942 180,942
GENERAL ELEC CO COM 369604103 494,125 3,156,085 SH 3,156,085 3,156,085
GENERAL INSTR CORP DEL COM 370120107 14,645 172,297 SH 172,297 172,297
GENERAL MTRS CORP COM 370442105 21,576 296,829 SH 296,829 296,829
GENERAL MTRS CORP CL H NEW 370442832 23,670 246,566 SH 246,566 246,566
GENZYME CORP COM GENL DIV 372917104 16,215 349,170 SH 349,170 349,170
GEORGIA PAC CORP COM GA PAC GRP 373298108 9,894 194,950 SH 194,950 194,950
GILLETTE CO COM 375766102 16,423 398,746 SH 398,746 398,746
GLOBAL CROSSING LTD COM G3921A100 48,218 964,354 SH 964,354 964,354
GRUPO CARSO-SPONS ADR SPONSORED ADR 400485207 303 37,170 SH 37,170 37,170
GRUPO TELEVISA SA DE CV SPN ADR REPORD 40049J206 741 11,100 SH 11,100 11,100
HEWLETT PACKARD CO COM 428236103 29,851 261,998 SH 261,998 261,998
HOME DEPOT INC COM 437076102 167,303 1,663,672 SH 1,663,672 1,663,672
HONEYWELL INTERNATIONAL COM 438516106 8,029 139,180 SH 139,180 139,180
HUMAN GENOME SCIENCES I COM 444903108 4,876 31,950 SH 31,950 31,950
INCO LTD COM 453258402 9,671 411,540 SH 411,540 411,540
INCYTE PHARMACEUTICALS COM 45337C102 8,813 143,010 SH 143,010 143,010
INGERSOLL RAND CO COM 456866102 23,746 431,250 SH 431,250 431,250
INKTOMI CORP COM 457277101 22,947 114,520 SH 114,520 114,520
INTEL CORP COM 458140100 176,345 2,102,473 SH 2,102,473 2,102,473
INTL PAPER CO COM 460146103 16,271 288,297 SH 288,297 288,297
INTERNET CAPITAL GROUP COM 46059C1062 3,893 22,900 SH 22,900 22,900
INTERNET INITIATIVE JAP SPONSORED ADR 46059T109 9,659 99,388 SH 99,388 99,388
INTL BUSINESS MACHINES COM 459200101 159,699 1,464,285 SH 1,464,285 1,464,285
Column Total: 2,206,651
<PAGE>
JDS UNIPHASE CORP COM 46612J101 15,075 45,075 SH 45,075 45,075
JOHNSON & JOHNSON COM 478160104 239,132 2,567,858 SH 2,567,858 2,567,858
JUNIPER NETWORKS INC COM 48203R104 9,731 28,620 SH 28,620 28,620
KIMBERLY CLARK MEX-SPON SPONSORED ADR 494386204 431 23,730 SH 23,730 23,730
KIMBERLY-CLARK CORP COM 494368103 30,408 466,025 SH 466,025 466,025
KOREA ELECTRIC PWR SPONSORED ADR 500631106 477 28,910 SH 28,910 28,910
KOREA EQUITY FD INC COM 50063B104 210 43,630 SH 43,630 43,630
KOREA FD COM 50063410 552 32,480 SH 32,480 32,480
KOREA THRUNET CO LTD-CL COM 703291000 1,785 26,300 SH 26,300 26,300
LEHMAN BROS HOLDGS INC COM 524908100 359,015 4,239,292 SH 4,239,292 4,239,292
LIBERTY DIGITAL INC CL COM 530436104 10,529 141,810 SH 141,810 141,810
LILLY ELI & CO COM 532457108 87,225 1,295,816 SH 1,295,816 1,295,816
LSI LOGIC CORP COM 502161102 4,454 65,984 SH 65,984 65,984
LUCENT TECHNOLOGIES INC COM 549463107 257,723 3,379,973 SH 3,379,973 3,379,973
MCDONALDS CORP COM 580135101 43,534 1,079,917 SH 1,079,917 1,079,917
MCI WORLDCOM INC COM 55268B106 90,433 1,132,183 SH 1,132,183 1,132,183
MERCK & CO INC COM 589331107 123,957 1,812,905 SH 1,812,905 1,812,905
MERRILL LYNCH & CO INC COM 590188108 16,403 196,440 SH 196,440 196,440
MICROSOFT CORP COM 594918104 352,350 2,987,600 SH 2,987,600 2,987,600
MILLENNIUM PHARMACEUTIC COM 599902103 10,375 76,850 SH 76,850 76,850
MINENSOTA MNG & MFG CO COM 604059105 17,313 176,890 SH 176,890 176,890
MONSANTO CO COM 611662107 12,201 334,270 SH 334,270 334,270
MORGAN STANLEY AFRICA I COM 617444104 1,934 187,540 SH 187,540 187,540
MOTOROLA INC COM 620076109 87,340 593,142 SH 593,142 593,142
NETWORK APPLIANCE INC COM 64120L104 14,033 168,940 SH 168,940 168,940
NETWORK SOLUTIONS INC D CLA 64121Q102 11,592 51,180 SH 51,180 51,180
NEWMONT MINING CORP COM 651639106 15,849 638,734 SH 638,734 638,734
NEXTEL COMMUNICATIONS I CLA 65332V103 23,829 231,070 SH 231,070 231,070
NORTEL NETWORKS CORP COM 656569100 24,852 246,060 SH 246,060 246,060
NORTHWEST AIRLS CORP CLA 667280101 3,568 153,050 SH 153,050 153,050
OMNICOM GROUP COM 681919106 26,679 265,297 SH 265,297 265,297
OPENTV CORPORATION COM G67543101 12,504 155,810 SH 155,810 155,810
ORACLE CORP COM 68389X105 235,127 2,098,178 SH 2,098,178 2,098,178
PACCAR INC COM 693718108 6,403 144,500 SH 144,500 144,500
PE CORP-CELERA GENOMICS COM 69332S201 73,098 415,036 SH 415,036 415,036
PE CORP-PE BIOSYSTEMS G COM 69332S102 66,187 540,302 SH 540,302 540,302
PEPSICO INC COM 713448108 20,461 580,455 SH 580,455 580,455
PETROLEO BRASILEIRO S.A SPONSORED ADR 71654V101 326 23,670 SH 23,670 23,670
PFIZER INC COM 717081103 33,437 1,017,095 SH 1,017,095 1,017,095
PG&E CORP COM 69331C108 24,701 1,204,932 SH 1,204,932 1,204,932
PHARMACIA & UPJOHN INC COM 716941109 20,717 453,459 SH 453,459 453,459
PHONE.COM INC COM 71920Q100 6,853 58,080 SH 58,080 58,080
PMC-SIERRA INC COM 69344F10 19,300 120,392 SH 120,392 120,392
POHANG TRON & STL LTD SPONSORED ADR 730450103 1,059 30,970 SH 30,970 30,970
PROCTER & GAMBLE CO COM 742718109 207,088 1,890,132 SH 1,890,132 1,890,132
QUALCOMM INC COM 747525103 76,029 115,371 SH 115,371 115,371
QWEST COMMUNICATIONS IN COM 749121109 41,771 971,423 SH 971,423 971,423
ROC TAIWAN FD COM 749651105 1,227 144,390 SH 144,390 144,390
REALNETWORKS INC COM 75605L104 22,643 170,410 SH 170,410 170,410
Column Total: 2,761,920
<PAGE>
RE MICRODEVICES INC COM 749941100 11,746 171,624 SH 171,624 171,624
RHYTHMS NETCONNECTIONS COM 762430205 2,748 88,640 SH 88,640 88,640
ROHM & HAAS CO COM 775371107 4,381 107,680 SH 107,680 107,680
SANDISK CORP COM 80004C101 20,792 216,018 SH 216,018 216,018
SARA LEE CORP COM 803111103 62,251 2,821,556 SH 2,821,556 2,821,556
SBC COMMUNICATIONS INC COM 78387G103 86,335 1,770,973 SH 1,770,973 1,770,973
SCHERING PLOUGH CORP COM 806605101 129,037 3,054,134 SH 3,054,134 3,054,134
SCHLUMBERGER LTD COM 806857108 20,029 335,565 SH 335,565 335,565
SCIENTIFIC ATLANTA INC COM 808655104 5,782 103,948 SH 103,948 103,948
SDL INC COM 784076101 9,919 45,060 SH 45,060 45,060
SIEBEL SYS INC COM 826170102 5,018 59,040 SH 59,040 59,040
SK TELECOM LTD SPONSORED ADR 78440P108 1,583 42,920 SH 42,920 42,920
SOLECTRON CORP COM 834182107 18,318 192,563 SH 192,563 192,563
SOUTHERN AFRICA FD INC COM 842157109 2,679 182,400 SH 182,400 182,400
SPRINT CORP (PCS GROUP) COM 85590A203 27,166 261,530 SH 261,530 261,530
SUN MICROSYSTEMS INC COM 866810104 210,996 2,705,074 SH 2,705,074 2,705,074
SYCAMORE NETWORKS INC COM 871206108 10,117 32,220 SH 32,220 32,220
TAIWAN FD INC COM 874036106 908 45,100 SH 45,100 45,100
TAIWAN SEMICONDUCTOR MF SPONSORED ADR 874039100 1,721 38,610 SH 38,610 38,610
TANDY CORP COM 875382103 23,392 475,574 SH 475,574 475,574
TELEBRAS-SPONS ADR PFD SPONSORED ADR 879287308 2,470 18,940 SH 18,940 18,940
TELEFONICA DE ARGENTINA SPNSR ADR CL B 879378206 486 16,058 SH 16,058 16,058
TELEFONOS DE MEXICO S A COM 879403780 3,293 29,600 SH 29,600 29,600
TELLABS INC COM 879664100 25,084 385,905 SH 385,905 385,905
TERAYON COMMUNICATION S COM 880775101 3,913 62,300 SH 62,300 62,300
TEXACO INC COM 881694103 20,096 370,000 SH 370,000 370,000
TEXAS INSTRS COM 882508104 74,654 703,036 SH 703,036 703,036
INDIA FD INC COM 454089103 4,766 295,570 SH 295,570 295,570
DISNEY WALT CO COM 254687106 59,168 2,022,852 SH 2,022,852 2,022,852
TIME WARNER INC COM 887315109 61,837 853,661 SH 853,661 853,661
TIVO INC COM 888706108 10,041 297,520 SH 297,520 297,520
TYCO INTL LTD NEW COM 902124104 97,919 2,518,826 SH 2,518,826 2,518,826
UAL CORP COM PAR $0.10 902549500 3,135 40,417 SH 40,417 40,417
UNIONBANCAL CORP COM 908906100 101,352 2,569,944 SH 2,569,944 2,569,944
UNITED PARCEL SERVICE-C COM 911312106 7,486 107,910 SH 107,910 107,910
VA LINUX SYSTEMS INC COM 91819B105 8,821 42,690 SH 42,690 42,690
VERIO INC COM 923433106 16,095 348,470 SH 348,470 348,470
VERISIGN INC COM 92343E102 38,195 200,038 SH 200,038 200,038
VERITAS SOFTWARE CO COM 923436109 24,356 170,170 SH 170,170 170,170
VIACOM INC CLB 925524308 17,757 293,807 SH 293,807 293,807
WAL MART STORES INC COM 931142103 286,388 4,143,042 SH 4,143,042 4,143,042
WARNER LAMBERT CO COM 934488107 52,649 637,204 SH 637,204 637,204
WEYERHAEUSER CO COM 962166104 36,018 501,550 SH 501,550 501,550
XILINX INC COM 983919101 4,022 88,460 SH 88,460 88,460
YAHOO INC COM 984332106 76,702 177,269 SH 177,269 177,269
Column Total: 1,691,621
Grand Total: 9,698,217
</TABLE>
