UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended : December 31, 1999
Institutional Investment Manager Filing this report :
Name : Baring Asset Management, Inc.
Address : Suite 2700
High Street Tower
125 High Street
Boston
MA 02110
13F File Number : 28-4544
The institutional investment maanger 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 : Paul Gyra
Title : Chief Operating Officer
Phone : 617-946-5300
Signature, Place and Date of Signing :
Paul Gyra Boston, MA. February 9, 2000
Report Type :
[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
Report Summary :
Number of Other Included Managers : 1
Form 13F Information Table Entry Total : 196
Form 13F Information Table Value Total : 4840956
List of Other Included Managers :
No. 13F File Number Name
01 28-7516 ING MUTUAL FUNDS MANAGEMENT CO. LLC
<PAGE>
<TABLE>
<C> <C>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5
ITEM 6 ITEM 7 ITEM 8
Name of Issuer Title of Class Cusip Fair Shares
- ----Investment Discretion---- ------Voting Authority------
Code Market or
Shared
Value Principal Sole
Shared Other Mgrs Sole Shared None
- -------------------- -------------- --------- --------- --------- ---------
- --------- --------- ------ --------- --------- ---------
AFFYMETRIX INC COM 00826T108 238 1400 1400
0 0 0 1400 0
AIB COM 018998203 1826 161940 161940
0 0 51350 0 110590
ALCOA INC COM 013817101 4050 48800 48800
0 0 48800 0 0
ALLEGIANCE TELE COM 01747T102 249 2700 2700
0 0 0 2700 0
AMER INTL GROUP COM 026874107 128074 1184501 1184501
0 0 1 617137 115480 451884
AMERICA ONLINE COM 02364J104 148257 1953964 1953964
0 0 1 1140700 182200 631064
AMERICAN EXPRESS COM 025816109 120487 724731 724731
0 0 1 382400 71700 270631
ANADARKO PETROLM COM 032511107 13227 387600 387600
0 0 1 187100 53700 146800
APACHE CORP COM 037411105 10232 277000 277000
0 0 1 132800 34000 110200
APPLIED MATERIALS COM 038222105 8678 68500 68500
0 0 54800 0 13700
APPLIED MICRO COM 03822W109 509 4000 4000
0 0 0 4000 0
ARACRUZ CELULOSE COM 038496204 10161 387100 387100
0 0 387100 0 0
ASPECT DEVELOPMNT COM 045234101 206 3000 3000
0 0 0 3000 0
ASYST TECH COM 04648X107 302 4600 4600
0 0 0 4600 0
ATLANTIC RICHFLD COM 048825103 3771 43600 43600
0 0 43600 0 0
AVON PRODUCTS COM 054303102 2198 66600 66600
0 0 0 0 66600
BANCO GALICIA ADR 059538207 4082 206039 206039
0 0 206039 0 0
BANCO SANTANDER ADR 05965F108 2486 163000 163000
0 0 163000 0 0
BANCOLOMBIA ADR 05968L102 729 157600 157600
0 0 157600 0 0
BANK OF NEW YORK COM 064057102 41391 1034777 1034777
0 0 1 381100 174000 479677
BARRETT RESOURCES COM 068480201 212 7200 7200
0 0 0 7200 0
BIOGEN INC COM 090597105 32372 383100 383100
0 0 1 186000 54100 143000
BIOVAIL CORP COM 09067K106 469 5000 5000
0 0 0 5000 0
BMC SOFTWARE INC COM 055921100 62167 777700 777700
0 0 1 490900 69700 217100
BOSTON SCIENTIFIC COM 101137107 2325 106300 106300
0 0 0 0 106300
BOWATER INC COM 102183100 440 8100 8100
0 0 8100 0 0
BRASIL DISTR(PAO) ADR 20440T201 12098 374400 374400
0 0 374400 0 0
BROADBASE SOFTWAR COM 11130R100 383 3400 3400
0 0 0 3400 0
BROADCOM CORP COM 111320107 10132 37200 37200
0 0 28300 2000 6900
CACHEFLOW INC COM 126946102 261 2000 2000
0 0 0 2000 0
CALPINE CORP COM 131347106 346 5400 5400
0 0 0 5400 0
CARNIVAL CORP COM 143658102 19794 414000 414000
0 0 1 122500 60100 231400
CDW COMPUTER CTR COM 125129106 220 2800 2800
0 0 0 2800 0
CHECK POINT SOFT COM M22465104 9031 45440 45440
0 0 45440 0 0
CHIRON CORP COM 170040109 428 10100 10100
0 0 0 10100 0
CIA TELEFONOS VEN ADR 204421101 10429 423500 423500
0 0 1 423500 0 0
CISCO SYSTEMS COM 17275R102 215736 2013876 2013876
0 0 1 1098842 199000 716034
CITADEL COMM COM 172853202 253 3900 3900
0 0 0 3900 0
CITIGROUP COM 172967101 149425 2683277 2683277
0 0 1 1410263 292862 980152
CITRIX SYSTEMS COM 177376100 1169 9500 9500
0 0 0 9500 0
COCA-COLA CO COM 191216100 7858 134900 134900
0 0 0 0 134900
COCA-COLA FEMSA ADS 191241108 8881 505700 505700
0 0 505200 0 500
COGNIZANT TECH COM 192446102 306 2800 2800
0 0 0 2800 0
COMVERSE TECH INC COM 205862402 41245 284941 284941
0 0 1 139200 34400 111341
CONCORD EFS COM 206197105 699 27150 27150
0 0 0 27150 0
CONNETICS CORP COM 208192104 116 11000 11000
0 0 0 11000 0
COPEL(PARANAENSE) ADR 20441B407 13779 1479600 1479600
0 0 1479600 0 0
COST PLUS INC COM 221485105 326 9150 9150
0 0 0 9150 0
COX RADIO COM 224051102 269 2700 2700
0 0 0 2700 0
CREDENCE SYSTEMS COM 225302108 251 2900 2900
0 0 0 2900 0
CREDICORP COM G2519Y108 4775 397910 397910
0 0 397910 0 0
CURAGEN CORP COM 23126R101 286 4100 4100
0 0 0 4100 0
CYGNUS INC COM 232560102 310 17000 17000
0 0 0 17000 0
CYPRESS SEMICOND COM 232806109 942 29100 29100
0 0 0 29100 0
DANAHER CORP COM 235851102 20163 417876 417876
0 0 1 182100 48800 186976
DELL COMPUTERS COM 247025109 109812 2153173 2153173
0 0 1 1248100 213600 691473
DESC ADS 250309101 7807 466060 466060
0 0 465560 0 500
DEVON ENERGY COM 25179M103 894 27200 27200
0 0 23300 3900 0
DIGITAL ISLAND COM 25385N101 485 5100 5100
0 0 0 5100 0
DISTRIBU Y SERV ADR 254753106 5988 307100 307100
0 0 307100 0 0
EL PASO ENERGY COM 283905107 373 9600 9600
0 0 0 9600 0
ELECTN FOR IMAGE COM 286082102 389 6700 6700
0 0 0 6700 0
EMBOT ANDINA ADR 29081P204 5645 316900 316900
0 0 316900 0 0
EMBRATEL PART ADR 29081N100 12437 456400 456400
0 0 1 456400 0 0
EMC CORP(MASS) COM 268648102 98257 899378 899378
0 0 1 537100 108100 254178
EMP NACIONAL ELEC ADS 29244T101 6140 432800 432800
0 0 432800 0 0
ENCAL ENERGY COM 29250D107 1658 364700 364700
0 0 364700 0 0
ENERSIS ADR 29274F104 1335 57725 57725
0 0 57725 0 0
EVERGREEN RES INC COM 299900308 1937 98100 98100
0 0 98100 0 0
EXXON MOBIL CORP COM 30231G102 94411 1171899 1171899
0 0 1 635835 127800 408264
FLYCAST COMMS COM 344067103 247 1900 1900
0 0 0 1900 0
FOMENTO ECONOMICO ADR 344419106 10195 229100 229100
0 0 228900 0 200
FOREST LABS INC COM 345838106 387 6300 6300
0 0 0 6300 0
GENERAL ELECTRIC COM 369604103 250368 1617886 1617886
0 0 1 925220 146100 546566
GEORGIA PACIFIC COM 373298702 1212 49200 49200
0 0 49200 0 0
GILAT SATELLITE COM M51474100 3515 29600 29600
0 0 29600 0 0
GLOBALSTAR TELECM COM G3930H104 440 10000 10000
0 0 10000 0 0
GRUPO TELEVISA ADR 40049J206 38107 558350 558350
0 0 1 557850 0 500
GULF INDONESIA COM 402284103 192 23600 23600
0 0 23600 0 0
HEWLETT-PACKARD COM 428236103 66746 586781 586781
0 0 1 310300 70800 205681
HISPANIC BRDCSTNG COM 43357B104 359 3900 3900
0 0 0 3900 0
HOME DEPOT INC COM 437076102 100206 1457544 1457544
0 0 1 812109 91746 553689
HONEYWELL INT COM 438516106 67476 1169688 1169688
0 0 1 710972 117562 341154
IBIS TECHNOLOGY COM 450909106 243 4900 4900
0 0 0 4900 0
IDEC PHARM CORP COM 449370105 5748 58500 58500
0 0 41100 7000 10400
ILLINOIS TL WRKS COM 452308109 24235 358700 358700
0 0 1 158700 55200 144800
IMPERIAL OIL COM 453038408 4977 233000 233000
0 0 233000 0 0
INCO COM 453258402 331 9800 9800
0 0 9800 0 0
INCO COM 453258709 3004 233800 233800
0 0 233800 0 0
INDIA FUND COM 454089103 8993 536900 536900
0 0 536900 0 0
INHALE THERAPEUT COM 457191104 532 12500 12500
0 0 0 12500 0
INSPIRE INSURANCE COM 457732105 322 70000 70000
0 0 70000 0 0
INTERPUBLIC GROUP COM 460690100 32472 562900 562900
0 0 1 285400 73200 204300
INTL BUSINESS MA COM 459200101 12158 112700 112700
0 0 0 0 112700
INTUIT INC COM 461202103 593 9900 9900
0 0 0 9900 0
INVITROGEN CORP COM 46185R100 216 3600 3600
0 0 0 3600 0
JABIL CIRCUIT COM 466313103 621 8500 8500
0 0 0 8500 0
JDS UNIPHASE CORP COM 46612J101 36650 227200 227200
0 0 1 138000 18000 71200
JOHNSON & JOHNSON COM 478160104 92329 990121 990121
0 0 1 556700 91200 342221
KANA COMMS INC COM 483600102 226 1100 1100
0 0 0 1100 0
KIMBERLY CLK MEX ADR 494386204 420 21500 21500
0 0 21500 0 0
KING PHARM COM 495582108 420 7500 7500
0 0 0 7500 0
KLA-TENCOR COM 482480100 601 5400 5400
0 0 0 5400 0
KORN-FERRY INTL COM 500643200 291 8000 8000
0 0 0 8000 0
LAM RESEARCH COM 512807108 736 6600 6600
0 0 0 6600 0
LAMAR ADVERTISING COM 512815101 491 8100 8100
0 0 0 8100 0
LEGATO SYSTEMS COM 524651106 606 8800 8800
0 0 0 8800 0
LINEAR TECHNOLOGY COM 535678106 7070 98800 98800
0 0 80500 0 18300
LUCENT TECH COM 549463107 209991 2799884 2799884
0 0 1 1578836 250504 970544
MATAV RT ADS 559776109 13714 380950 380950
0 0 1 380950 0 0
MCDONALD'S CORP COM 580135101 105154 2608473 2608473
0 0 1 1444900 264300 899273
MCI WORLDCOM INC COM 55268B106 176748 3330942 3330942
0 0 1 1693650 362925 1274367
MCLEODUSA INC COM 582266102 294 5000 5000
0 0 0 5000 0
MEDAREX INC COM 583916101 413 11100 11100
0 0 0 11100 0
MEDIMMUNE INC COM 584699102 664 4000 4000
0 0 0 4000 0
MEDTRONIC INC COM 585055106 75803 2080348 2080348
0 0 1 1139900 169000 771448
MERCURY INTERACT COM 589405109 25754 238600 238600
0 0 1 133500 26800 78300
METROMEDIA FIBER COM 591689104 22358 466400 466400
0 0 1 277600 43200 145600
MICROSOFT CORP COM 594918104 261846 2242795 2242795
0 0 1 1249560 213000 780235
MILLENNIUM PHARM COM 599902103 952 7800 7800
0 0 3900 3900 0
MORGAN STANLEY DW COM 617446448 123910 868022 868022
0 0 1 463800 71800 332422
NEWFIELD EXPLOR COM 651290108 447 16700 16700
0 0 16700 0 0
NEXTLINK COMM COM 65333H707 914 11000 11000
0 0 11000 0 0
NIKO RESOURCES COM 653905109 109 24400 24400
0 0 24400 0 0
NOBLE DRILLING COM 655042109 337 10300 10300
0 0 0 10300 0
NOVELLUS SYSTEMS COM 670008101 1005 8200 8200
0 0 0 8200 0
NTL INC COM 629407107 1092 8750 8750
0 0 8750 0 0
OMNICOM GROUP COM 681919106 102003 1020026 1020026
0 0 1 595900 92900 331226
ORBOTECH COM M75253100 7829 101025 101025
0 0 101025 0 0
ORTEL CORP COM 68749W102 216 1800 1800
0 0 0 1800 0
PANAMERICAN BEV COM P74823108 11353 552100 552100
0 0 1 551700 0 400
PARTNER COMMUNIC ADS 70211M109 10485 405200 405200
0 0 1 405200 0 0
PENNACO ENERGY COM 708046107 2099 262400 262400
0 0 262400 0 0
PERUSAHAAN PERSER GDR 715680104 1864 86200 86200
0 0 1 86200 0 0
PFIZER INC COM 717081103 72365 2230900 2230900
0 0 1 1378000 175500 677400
POHANG IRON&STEEL ADR 730450103 16317 466208 466208
0 0 466208 0 0
PROGENICS PHARM COM 743187106 288 5900 5900
0 0 0 5900 0
PROTEIN DESIGN COM 74369L103 315 4500 4500
0 0 0 4500 0
PROXICOM INC COM 744282104 298 2400 2400
0 0 0 2400 0
QLT PHOTOTHERAP COM 746927102 517 8800 8800
0 0 0 8800 0
RCN CORPORATION COM 749361101 262 5400 5400
0 0 0 5400 0
RF MICRO DEVICES COM 749941100 897 13100 13100
0 0 0 13100 0
SAPIENT CORP COM 803062108 874 6200 6200
0 0 0 6200 0
SAWTEK INC COM 805468105 732 11000 11000
0 0 0 11000 0
SBC COMM COM 78387G103 63107 1294500 1294500
0 0 1 736600 157500 400400
SCHERING-PLOUGH COM 806605101 33847 798755 798755
0 0 1 383000 85200 330555
SCHWAB (CHARLES) COM 808513105 15735 411383 411383
0 0 1 231500 56000 123883
SCIENT CORP COM 80864H109 346 4000 4000
0 0 0 4000 0
SERENA SOFTWARE COM 817492101 381 12300 12300
0 0 0 12300 0
SIDERURGICA NACL ADR 20440W105 4972 135300 135300
0 0 135300 0 0
SIEBEL SYSTEMS COM 826170102 8652 103000 103000
0 0 82100 0 20900
SK TELECOM ADS 78440P108 856 22450 22450
0 0 1 22450 0 0
SMURFIT-STONE COM 832727101 1367 55800 55800
0 0 55800 0 0
SOUTH PERU COPPER COM 843611104 522 33800 33800
0 0 33800 0 0
SPRINT(PCS GROUP) COM 852061506 81778 797839 797839
0 0 1 501300 78700 217839
STARMEDIA NETWORK COM 855546107 3763 93930 93930
0 0 93930 0 0
STILLWATER MINING COM 86074Q102 585 18350 18350
0 0 18350 0 0
SUN MICROSYSTEMS COM 866810104 142789 1843928 1843928
0 0 1 1058500 201400 584028
SUNCOR ENERGY INC COM 867229106 1619 38900 38900
0 0 38900 0 0
SYSCO CORP COM 871829107 32271 815704 815704
0 0 1 402400 117500 295804
TAIWAN FUND INC COM 874036106 1877 92100 92100
0 0 92100 0 0
TAIWAN SEMICONDUC ADS 874039100 7834 174098 174098
0 0 174098 0 0
TALISMAN ENERGY COM 87425E103 1843 72500 72500
0 0 72500 0 0
TANDY CORP COM 875382103 74020 1504864 1504864
0 0 1 825900 113700 565264
TELE NRTE LSTE PT ADR 879246106 17223 675400 675400
0 0 675400 0 0
TELE SUD CEL PT ADR 879252104 2360 60800 60800
0 0 60800 0 0
TELECENTRO SUL PT ADR 879239101 15913 175350 175350
0 0 175350 0 0
TELECOM DE CHILE ADR 204449300 3818 209200 209200
0 0 209200 0 0
TELEFON ARGENTINA ADR 879378206 4719 152850 152850
0 0 152850 0 0
TELEFONICA PERU ADR 879384105 4269 319200 319200
0 0 319200 0 0
TELEFONOS MEXICO ADR 879403780 56498 502200 502200
0 0 501700 0 500
TELIGENT INC COM 87959Y103 235 3800 3800
0 0 0 3800 0
TEVA PHARM INDS ADR 881624209 4437 61900 61900
0 0 61900 0 0
TEXAS INSTRUMENTS COM 882508104 143320 1483256 1483256
0 0 1 859000 120900 503356
TIBCO SOFTWARE COM 88632Q103 995 6500 6500
0 0 0 6500 0
TMP WORLDWIDE INC COM 872941109 1051 7400 7400
0 0 0 7400 0
TRIQUINT SEMICOND COM 89674K103 389 3500 3500
0 0 0 3500 0
TYCO INTL LTD COM 902124106 3370 86400 86400
0 0 0 0 86400
UNIVISION COMMS COM 914906102 4384 42900 42900
0 0 35700 0 7200
USINTERNETWORKING COM 917311805 293 4200 4200
0 0 0 4200 0
UTD PARCEL SERV COM 911312106 14387 208500 208500
0 0 1 104400 24600 79500
VERITAS SOFTWARE COM 923436109 90817 634532 634532
0 0 1 392050 62900 179582
VICAL INC COM 925602104 284 9500 9500
0 0 0 9500 0
VINA CONCHA TORO ADR 927191106 3675 96700 96700
0 0 96700 0 0
VINTAGE PETROLEUM COM 927460105 982 81400 81400
0 0 81400 0 0
VISHAY INTERTECH COM 928298108 218 6900 6900
0 0 0 6900 0
VITRIA TECHNOLOGY COM 92849Q104 445 1900 1900
0 0 0 1900 0
WAL-MART STORES COM 931142103 137268 1985787 1985787
0 0 1 1103840 165400 716547
WARNER-LAMBERT COM 934488107 93644 1142874 1142874
0 0 1 650300 93900 398674
WATSON PHARM INC COM 942683103 312 8700 8700
0 0 0 8700 0
WELLS FARGO & CO COM 949746101 124278 3073344 3073344
0 0 1 1583800 362200 1127344
WHOLE FOODS MKT COM 966837106 807 17400 17400
0 0 17400 0 0
WILLIAM COMPANIES COM 969457100 477 15600 15600
0 0 15600 0 0
XEROX CORP COM 984121103 839 37000 37000
0 0 0 0 37000
XILINX INC COM 983919101 32328 711000 711000
0 0 1 328600 84000 298400
YAHOO INC COM 984332106 55687 128700 128700
0 0 1 68000 15000 45700
YOUNG & RUBICAM COM 987425105 42500 600700 600700
0 0 1 296400 92800 211500
</TABLE>
