Pursuant to the requirements of Securities Exchange act of 1934,
the undersigned institutional investment manager has caused this
report to be signed on its behalf in the City

of		CHICAGO		and State of		ILLINOIS

on the 	11th		day of 		JANUARY ,	2000	 .


		LINCOLN CAPITAL MANAGEMENT COMPANY
		(Name of Institutional Investment Manager)


		(Manual Signature of Person Duly Authorized
		to Submit This Report)

Name and 13F file numbers of ALL Institutional Investment Managers
with respect to which this schedule is filed (other than the one filing
this report):  (List in alphabetical order).

13F File Numbers will be assigned to Institutional Investment Managers
after they file their first report.

Name:		13F File No.:	Name:		13F File No.:
1.				7.
2.				8.
3.				9.
4.				10.
5				11.
6.  				12.
SEC 1685 (5-85)





  											(SEC USE ONLY)
								(SEC USE ONLY)
	FORM 13F			Name of Reporting Manager:  LINCOLN CAPITAL MANAGEMENT CO.
							Item 8:
							Voting Authority
Item 1:	Item 2:	Item 3:	Item 4:	Item 5:			(Shares)
Name of Issuer	Title of	CUSIP	Fair Market	Shares or
	Class	Number	Value	Principal	(a) Sole	(a) Sole	(b) Shared	(c) None
				Amount
CISCO SYS INC 	COM	17275R102	"3,302.90"	"30,831,900"	"30,831,900"	"11,004,800"	0
	"19,827,100"
MICROSOFT CORP 	COM	594918104	"3,067.50"	"26,273,700"	"26,273,700"	"9,064,500
"	0	"17,209,200"
GENERAL ELEC CO 	COM	369604103	"2,606.90"	"16,845,900"	"16,845,900"
"6,056,000"	0	"10,789,900"
LUCENT TECHNOLOGIES INC 	COM	549463107	"1,772.60"	"23,634,900"	"23,634,900"
"8,417,000"	0	"15,217,900"
NOKIA CORP SPONSORED 	ADR	654902204	"1,483.70"	"7,765,400"	"7,765,400"
"2,686,100"	0	"5,079,300"
E M C CORP MASS 	COM	268648102	"1,303.80"	"11,934,500"	"11,934,500"
"4,426,800"	0	"7,507,700"
PROCTER & GAMBLE CO 	COM	742718109	"1,266.00"	"11,555,300"	"11,555,300"
	"3,849,900"	0	"7,705,400"
AMERICA ONLINE INC DEL	COM	02364J104	"1,256.50"	"16,560,300"	"16,560,300"
	"6,056,400"	0	"10,503,900"
INTEL CORP	COM	458140100	"1,220.00"	"14,822,000"	"14,822,000"	"5,317,700"	0
	"9,504,300"
WARNER LAMBERT CO	COM	934488107	"1,163.90"	"14,204,600"	"14,204,600"
"5,094,800"	0	"9,109,800"
DELL COMPUTER CORP	COM	247025109	"1,089.40"	"21,360,200"	"21,360,200"
"7,703,100"	0	"13,657,100"
WAL MART STORES INC	COM	931142103	"1,016.70"	"14,708,500"	"14,708,500"
	"5,309,300"	0	"9,399,200"
HOME DEPOT INC 	COM	437076102	861.1	"12,525,150"	"12,525,150"	"4,525,050"
0	"8,000,100"
TEXAS INSTRS INC	COM	882508104	792.3	"8,200,000"	"8,200,000"	"2,889,900"
	0	"5,310,100"
COCA COLA CO 	COM	191216100	746.9	"12,822,100"	"12,822,100"	"4,675,500"	0
	"8,146,600"
MCI WORLDCOM INC	COM	55268B106	727.1	"13,702,650"	"13,702,650"	"5,035,050"
	0	"8,667,600"
MONSANTO CO 	COM	611662107	717.5	"20,246,700"	"20,246,700"	"7,104,100"	0
	"13,142,600"
APPLIED MATLS INC	COM	038222105	705	"5,565,100"	"5,565,100"	"2,024,600"	0
	"3,540,500"
SUN MICROSYSTEMS INC 	COM	866810104	687.8	"8,882,200"	"8,882,200"
	"3,236,600"	0	"5,645,600"
SBC COMMUNICATIONS INC 	COM	78387G103	640.2	"13,132,200"	"13,132,200"
"4,721,500"	0	"8,410,700"
CVS CORP	COM	126650100	596.2	"14,950,600"	"14,950,600"	"5,318,100"	0
	"9,632,500"
AMGEN INC	COM	031162100	579.8	"9,653,800"	"9,653,800"	"3,491,900"	0
	"6,161,900"
BRISTOL MYERS SQUIBB CO	COM	110122108	578.3	"9,009,500"	"9,009,500"
	"3,254,800"	0	"5,754,700"
PEPSICO INC 	COM	713448108	573.8	"16,278,300"	"16,278,300"	"5,787,800"	0
	"10,490,500"
MBNA CORP 	COM	55262L100	559.6	"20,534,900"	"20,534,900"	"7,165,900"	0
	"13,369,000"
GILLETTE CO 	COM	375766102	537.2	"13,043,500"	"13,043,500"	"4,763,100"	0
"8,280,400"
SCHERING PLOUGH CORP 	COM	806605101	535	"12,624,900"	"12,624,900"
"4,517,200"	0	"8,107,700"
AMERICAN INTL GROUP INC 	COM	026874107	528.5	"4,887,925"	"4,887,925"
	"1,793,250"	0	"3,094,675"
JOHNSON & JOHNSON 	COM	478160104	518.2	"5,556,800"	"5,556,800"	"2,045,700"
	0	"3,511,100"
TYCO INTL LTD NEW 	ADR	902124106	485.3	"12,443,708"	"12,443,708"
	"4,174,600"	0	"8,269,108"
PAYCHEX INC 	COM	704326107	478	"11,949,400"	"11,949,400"	"4,451,600"
	0	"7,497,800"
AUTOMATIC DATA PROCESSING 	COM	053015103	458.4	"8,508,000"	"8,508,000"
	"3,042,600"	0	"5,465,400"
COLGATE PALMOLIVE CO 	COM	194162103	453.1	"6,971,500"	"6,971,500"
"2,489,900"	0	"4,481,600"
TIME WARNER INC 	COM	887315109	449.8	"6,220,600"	"6,220,600"	"2,268,200"
	0	"3,952,400"
LILLY ELI & CO 	COM	532457108	440.6	"6,625,000"	"6,625,000"	"2,416,600"	0
	"4,208,400"
BMC SOFTWARE INC	COM	055921100	439.3	"5,495,600"	"5,495,600"	"2,056,200"
0	"3,439,400"
CAPITAL ONE FINL CORP	COM	14040H105	414.8	"8,607,800"	"8,607,800"
"3,125,500"	0	"5,482,300"
ASTRAZENECA PLC SPONSORED	ADR	046353108	373.5	"8,945,700"	"8,945,700"
"3,007,900"	0	"5,937,800"
ILLINOIS TOOL WKS INC	COM	452308109	362	"5,358,700"	"5,358,700"
"1,945,600"	0	"3,413,100"
INTERNATIONAL BUSINESS MACHS 	COM	459200101	318.7	"2,954,100"	"2,954,100"
	"1,099,700"	0	"1,854,400"
AMERICAN HOME PRODS CORP 	COM	026609107	292.3	"7,447,200"	"7,447,200"
	"2,575,000"	0	"4,872,200"
PHARMACIA & UPJOHN INC 	COM	716941109	288.5	"6,411,700"	"6,411,700"
	"2,333,800"	0	"4,077,900"
MCDONALDS CORP 	COM	580135101	287.2	"7,124,000"	"7,124,000"	"2,532,200"
	0	"4,591,800"
JDS UNIPHASE CORP	COM	46612J101	274	"1,698,600"	"1,698,600"	"639,000"
	0	"1,059,600"
TELLABS INC 	COM	879664100	266.9	"4,157,900"	"4,157,900"	"1,513,600"
0	"2,644,300"
ALZA CORP DEL 	COM	022615108	249	"7,192,200"	"7,192,200"	"2,601,800"
0	"4,590,400"
MERCK & CO INC	COM	589331107	235.6	"3,506,500"	"3,506,500"	"1,283,200"
	0	"2,223,300"
COMCAST CORP	CL A	200300200	211.8	"4,189,000"	"4,189,000"	"1,524,100"	0
	"2,664,900"
INKTOMI CORP	COM	457277101	209.6	"2,361,200"	"2,361,200"	"812,200"	0
	"1,549,000"
CONCORD EFS INC 	COM	206197105	196.8	"7,644,300"	"7,644,300"	"2,907,250"
	0	"4,737,050"
SEALED AIR CORP NEW 	COM	81211K100	195.1	"3,766,085"	"3,766,085"
"1,345,485"	0	"2,420,600"
DISNEY WALT CO 	COM	254687106	173.4	"5,929,900"	"5,929,900"	"2,212,200"
	0	"3,717,700"
KROGER CO 	COM	501044101	166.9	"8,840,000"	"8,840,000"	"3,447,600"
	0	"5,392,400"
BED BATH & BEYOND INC 	COM	075896100	165.7	"4,769,500"	"4,769,500"
	"1,861,500"	0	"2,908,000"
STATE STR CORP 	COM	857477103	165.4	"2,263,900"	"2,263,900"	"812,300"	0
	"1,451,600"
SEALED AIR CORP NEW PFD	PFD	81211K209	157.9	"3,127,170"	"3,127,170"
	"1,271,970"	0	"1,855,200"
CLEAR CHANNEL COMMUNICATIONS	COM	184502102	143.6	"1,608,700"
"1,608,700"	"572,500"	0	"1,036,200"
CAMPBELL SOUP CO	COM	134429109	128.7	"3,326,900"	"3,326,900"
	"1,225,000"	0	"2,101,900"
TJX COS INC NEW 	COM	872540109	112.7	"5,515,000"	"5,515,000"
	"2,096,000"	0	"3,419,000"
WELLS FARGO & CO NEW 	COM	949746101	84	"2,076,600"	"2,076,600"
"769,700"	0	"1,306,900"
GRACE W R & CO DEL NEW 	COM	38388F108	80.3	"5,686,700"	"5,686,700"
"2,197,700"	0	"3,489,000"
MAXIMUS INC	COM	577933104	7	"205,300"	"205,300"	"205,300"	0	0
PARAMETRIC TECHNOLOGY CORP 	COM	699173100	6.2	"230,500"	"230,500"
"230,500"	0	0
TECH DATA CORP 	COM	878237106	5.3	"197,000"	"197,000"	"197,000"	0	0
SIPEX CORP 	COM	829909100	5.3	"214,100"	"214,100"	"214,100"	0	0
SEAGATE TECHNOLOGY	COM	811804103	4.9	"106,200"	"106,200"	"106,200"	0	0
SCI SYS INC	COM	783890106	4.8	"58,000"	"58,000"	"58,000"	0	0
PRE PAID LEGAL SVCS INC	COM	740065107	4.7	"194,100"	"194,100"	"194,100"	0	0
ORTHODONTIC CTRS AMER INC	COM	68750P103	4.3	"362,300"	"362,300"	"362,300"	0	0
FASTENAL CO 	COM	311900104	4.3	"95,500"	"95,500"	"95,500"	0	0
OMNICARE INC	COM	681904108	4.2	"352,180"	"352,180"	"352,180"	0	0
EXTREME NETWORKS INC 	COM	30226D106	3.9	"46,500"	"46,500"	"46,500"	0	0
NFO WORLDWIDE INC 	COM	62910N108	3.8	"168,500"	"168,500"	"168,500"	0	0
POMEROY COMPUTER RES	COM	731822102	3.5	"265,500"	"265,500"	"265,500"	0	0
RENAL CARE GROUP INC	COM	759930100	3.2	"138,000"	"138,000"	"138,000"	0	0
INTERVOICE-BRITE INC	COM	461142101	3	"130,000"	"130,000"	"130,000"	0	0
DOLLAR GEN CORP	COM	256669102	2.9	"129,393"	"129,393"	"129,393"	0	0
SPEEDWAY MOTORSPORTS INC 	COM	847788106	2.9	"102,900"	"102,900"	"102,900"	0	0
STAPLES INC 	COM	855030102	2.8	"137,100"	"137,100"	"137,100"	0	0
WHOLE FOODS MKT INC 	COM	966837106	2.8	"61,000"	"61,000"	"61,000"	0	0
LOWES COS INC	COM	548661107	2.7	"44,900"	"44,900"	"44,900"	0	0
MENTOR GRAPHICS CORP	COM	587200106	2.6	"200,000"	"200,000"	"200,000"	0	0
NOVA CORP GA	COM	669784100	2.6	"81,000"	"81,000"	"81,000"	0	0
HEALTH MGMT ASSOC INC NEW	CL A	421933102	2.5	"189,000"	"189,000"	"189,000"	0	0
NATIONAL INSTRS CORP	CL A	636518102	2.4	"63,250"	"63,250"	"63,250"	0	0
PLEXUS CORP 	COM	729132100	2.2	"50,000"	"50,000"	"50,000"	0	0
UNIVISION COMMUNICATIONS INC	CL A	914906102	2	"19,500"	"19,500"	"19,500"	0	0
HARTE-HANKS INC	COM	416196103	2	"91,000"	"91,000"	"91,000"	0	0
WILLIAMS SONOMA INC	COM	969904101	1.9	"41,600"	"41,600"	"41,600"	0	0
PFIZER INC 	COM	717081103	1.9	"57,400"	"57,400"	"57,400"	0	0
SYBRON INTL CORP	COM	87114F106	1.7	"70,000"	"70,000"	"70,000"	0	0
ULTIMATE SOFTWARE GROUP INC 	COM	90385D107	1.5	"114,500"	"114,500"
"114,500"	0	0
MEDQUIST INC 	COM	584949101	1.5	"57,000"	"57,000"	"57,000"	0	0
KNIGHT TRANSN INC 	COM	499064103	1.3	"76,000"	"76,000"	"76,000"	0	0
ADVANCED LTG TECHNOLOGIES 	COM	00753C102	1.2	"200,000"	"200,000"
	"200,000"	0	0
RES-CARE INC 	COM	760943100	0.9	"70,000"	"70,000"	"70,000"	0	0
CONSOLIDATED GRAPHICS INC 	COM	209341106	0.9	"57,000"	"57,000"	"57,000"	0	0
VETERINARY CTRS AMER INC 	COM	925514101	0.8	"60,000"	"60,000"	"60,000"	0	0
GOODYS FAMILY CLOTHING INC	COM	382588101	0.4	"80,000"	"80,000"	"80,000"	0	0
TOTAL			"$40,306.1"