UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549
                                   FORM 10-K
(Mark One)

     [X]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
     SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 1999

                                      OR
     [   ]     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
     SECURITIES EXCHANGE ACT OF 1934

For the transition period from _______ to _____

                     Commission File Number: 333-53603-01

                             GPC CAPITAL CORP. II
            (Exact name of registrant as specified in its charter)
              Delaware                              23-2952404
   (State or other jurisdiction of     (I.R.S. Employer Identification No.)
   incorporation or organization)

                          2401 Pleasant Valley Road
                             York, Pennsylvania
                  (Address of principal executive offices)
                                    17402
                                 (zip code)

                               (717) 849-8500
            (Registrant's telephone number, including area code)

Securities Registered pursuant to Section 12(b) of the Act: None

Securities Registered pursuant to Section 12(g) of the Act: None
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15 (d) of the Securities Exchange Act
of 1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.  Yes [X] No [   ].

Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained,
to the best of the registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K.  [X]

As of the date hereof, 1,000 shares of the registrant's common stock, par
value $.01 per share, are outstanding.

<PAGE>

There is no established public trading market for the registrant's common
stock, par value $.01 per share.  The aggregate market value of the voting
securities held by non-affiliates of the registrant as of February 29, 2000
was $-0-.  As of February 29, 2000, all of the outstanding common stock,
par value $.01 per share, of the registrant was owned by Graham Packaging
Holdings Company, a Pennsylvania limited partnership.  See Item 12, "Security
Ownership of Certain Beneficial Owners and Management."
                                _______________

                      DOCUMENTS INCORPORATED BY REFERENCE

None.





































                                       2

<PAGE>

                             GPC CAPITAL CORP. II

                                     INDEX


                                                                         Page
                                                                        Number


PART I  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  5

     Item 1.   Business   . . . . . . . . . . . . . . . . . . . . . . . . .  5

     Item 2.   Properties   . . . . . . . . . . . . . . . . . . . . . . . .  7

     Item 3.   Legal Proceedings  . . . . . . . . . . . . . . . . . . . . .  7

     Item 4.   Submission of Matters to a Vote of Security Holders  . . . .  8



PART II . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  8

     Item 5.   Market for Registrant's Common Equity and Related Stockholder

               Matters . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

     Item 6.   Selected Financial Data  . . . . . . . . . . . . . . . . . .  9

     Item 7.   Management's Discussion and Analysis of Financial Condition

              and Results of Operations . . . . . . . . . . . . . . . . . .  9

     Item 7A.  Quantitative and Qualitative Disclosures About Market Risk   10

     Item 8.   Financial Statements and Supplementary Data  . . . . . . . . 11

     Item 9.   Changes in and Disagreements with Accountants on Accounting

               and Financial Disclosure  . . . . . . . . . . . . . . . . .  19



PART III  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20

     Item 10.   Directors and Executive Officers of the Registrant  . . . . 20


                                       3

<PAGE>

     Item 11.   Executive Compensation  . . . . . . . . . . . . . . . . . . 21

     Item 12.   Security Ownership of Certain Beneficial Owners and

                Management . . . . . . . . . . . . . . . . . . . . . . . .  21

     Item 13.   Certain Relationships and Related Transactions  . . . . . . 21



PART IV . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23

     Item 14.   Exhibits, Financial Statement Schedules, and Reports on Form

                8-K . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23

































                                       4

<PAGE>

                                    PART I


Item 1.   Business

     Unless the context otherwise requires, all references herein to the
"Company," with respect to periods prior to the recapitalization described
below (the "Recapitalization"), refer to the business historically conducted
by Graham Packaging Holdings Company ("Holdings") (which served as the
operating entity for the business prior to the Recapitalization) and one of
its predecessors (Graham Container Corporation), together with Holdings'
subsidiaries and certain affiliates, and, with respect to periods subsequent
to the Recapitalization, refer to Holdings and its subsidiaries.  Since the
Recapitalization, Graham Packaging Company (the "Operating Company") has been
a wholly owned subsidiary of Holdings.  GPC Capital Corp. II is a wholly
owned subsidiary of Holdings.  All references to the "Recapitalization"
herein shall mean the collective reference to the recapitalization of
Holdings and related transactions as described under "The Recapitalization"
below, including the initial borrowings under the New Credit Agreement (as
defined below), the Senior Discount Offering (as defined below) and the
related uses of proceeds.  References to "Continuing Graham Partners" herein
refer to Graham Packaging Corporation ("Graham GP Corp."), Graham Family
Growth Partnership or affiliates thereof or other entities controlled by
Donald C. Graham and his family, and references to "Graham Partners" refer to
the Continuing Graham Partners, Graham Engineering Corporation ("Graham
Engineering") and the other partners of Holdings (consisting of Donald C.
Graham and certain entities controlled by Mr. Graham and his family).  All
references to "Management" herein shall mean the management of the Company at
the time in question, unless the context indicates otherwise.  In addition,
unless otherwise indicated, all sources for all industry data and statistics
contained herein are estimates contained in or derived from internal or
industry sources believed by the Company to be reliable.

           CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS

     The Private Securities Litigation Reform Act of 1995 provides a "safe
harbor" for certain "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended (the "Securities Act"),
and Section 21E of the Securities Exchange Act of 1934, as amended.  All
statements other than statements of historical facts included in this Report
on Form 10-K, including, without limitation, statements regarding the
Company's future financial position, economic performance and results of
operations, business strategy, budgets, projected costs and plans and
objectives of management for future operations, are forward-looking
statements.  In addition, forward-looking statements generally can be
identified by the use of forward-looking terminology such as "may", "will",
"expect", "intend", "estimate", "anticipate", "believe", or "continue" or the

                                       5

<PAGE>

negative thereof or variations thereon or similar terminology. Although the
Company believes that the expectations reflected in such forward-looking
statements are reasonable, the Company can give no assurance that such
expectations will prove to have been correct.  Important factors that could
cause actual results to differ materially from the Company's expectations
("cautionary statements") include, without limitation, those discussed in
"Business" and "Management's Discussion and Analysis of Financial Condition
and Results of Operations".  All subsequent written and oral forward-looking
statements attributable to the Company, or persons acting on its behalf, are
expressly qualified in their entirety by the cautionary statements.

     GPC Capital Corp. II ("CapCo II") was incorporated in Delaware in
January, 1998.  CapCo II is a wholly owned subsidiary of Holdings, which was
formed in 1989.  CapCo II's sole purpose is to act as co-obligor with
Holdings of the Senior Discount Notes (as defined below under "The
Recapitalization"), and as co-guarantor with Holdings under the New Credit
Agreement (as defined below under "The Recapitalization").  CapCo II has only
nominal assets, does not conduct any operations and did not receive any of
the proceeds of the offering of the Senior Discount Notes.  Accordingly,
investors in the Senior Discount Notes must look solely to the cash flow and
assets of Holdings for payment of the Senior Discount Notes.

     The principal executive offices of CapCo II are located at 2401 Pleasant
Valley Road, York, Pennsylvania 17402, Telephone (717) 849-8500.

The Recapitalization

     The recapitalization  (the "Recapitalization") of Holdings was
consummated on February 2, 1998 pursuant to an Agreement and Plan of
Recapitalization, Redemption and Purchase, dated as of December 18, 1997 (the
"Recapitalization Agreement"), by and among (i) Holdings, (ii) the Graham
Partners, and (iii) BMP/Graham Holdings Corporation, a Delaware corporation
("Investor LP") formed by Blackstone Capital Partners III Merchant Banking
Fund L.P., and BCP/Graham Holdings L.L.C., a Delaware limited liability
company and a wholly owned subsidiary of Investor LP ("Investor GP").

     On February 2, 1998, as part of the Recapitalization, Holdings and CapCo
II (together with Holdings, the "Holdings Issuers"), consummated an offering
(the "Senior Discount Offering") pursuant to Rule 144A under the Securities
Act of $169,000,000 aggregate principal amount at maturity of their 10 3/4%
Senior Discount Notes Due 2009, Series A (the "Senior Discount Old Notes").

     In connection with the Recapitalization, the Holdings Issuers entered
into a Registration Rights Agreement with the Initial Purchasers of the
Senior Discount Old Notes, pursuant to which the Holdings Issuers agreed to
exchange the Senior Discount Old Notes for Notes having the same terms but


                                       6

<PAGE>

registered under the Securities Act and not containing the restrictions on
transfer that are applicable to the Senior Discount Old Notes.

     Pursuant to the related Registration Rights Agreement, on September 8,
1998, the Holdings Issuers consummated an exchange offer (the "Senior
Discount Exchange Offer"), pursuant to which the Holdings Issuers issued
$169,000,000 aggregate principal amount at maturity of their 10 3/4% Senior
Discount Notes Due 2009, Series B (the "Senior Discount Exchange Notes"),
which were registered under the Securities Act, in exchange for an equal
principal amount at maturity of Senior Discount Old Notes (the Senior
Discount Old Notes and the Senior Discount Exchange Notes being herein called
the "Senior Discount Notes").

     The Recapitalization also included the initial borrowing by the
Operating Company of $403.5 million in connection with a new credit facility
by and among the Operating Company, Holdings and a syndicate of lenders.
Such new credit facility was amended on August 13, 1998 (as so amended, the
"New Credit Agreement"), as described below under "Management's Discussion
and Analysis of Financial Condition and Results of Operations--Liquidity and
Capital Resources" (Item 7).

     CapCo II is co-obligor with Holdings of the Senior Discount Notes and
co-guarantor with Holdings under the New Credit Agreement.

Employees

     As of December 31, 1999, CapCo II had no employees.

Environmental Matters

     There are no material environmental matters which relate to compliance
by CapCo II with Federal, State and local environmental provisions.

Intellectual Property

     CapCo II does not own any property which is considered intellectual
property.

Item 2.   Properties

     CapCo II does not own or lease any properties.

Item 3.   Legal Proceedings

     None.



                                       7

<PAGE>

Item 4.   Submission of Matters to a Vote of Security Holders

     No matters were submitted to a vote of security holders during the
fourth quarter of 1999.


                                    PART II


Item 5.   Market for Registrant's Common Equity and Related Stockholder
          Matters

     All of CapCo II's common stock, par value $.01 per share ("common
stock"), is owned by Holdings, 2401 Pleasant Valley Road, York, Pennsylvania
17402.  There is no established public trading market for CapCo II's common
stock.

     In the first quarter of 1998, CapCo II issued 1,000 shares of common
stock to Holdings in a transaction exempt from registration under the
Securities Act pursuant to Section 4(2) of the Securities Act.

     As indicated under Item 1, "Business--The Recapitalization", upon the
Closing of the Recapitalization on February 2, 1998, the Holdings Issuers
consummated an offering pursuant to Rule 144A under the Securities Act of
$169,000,000 aggregate principal amount at maturity of their Senior Discount
Old Notes.  Pursuant to the Purchase Agreement dated January 23, 1998 (the
"Purchase Agreement"), the Initial Purchasers, DB Alex. Brown LLC (formerly
BT Alex. Brown Incorporated), Bankers Trust International PLC, Lazard Freres
& Co. LLC and Salomon Brothers Inc, purchased the Senior Discount Old Notes
at a price of 57.173% of the principal amount, for a discount of 2.361% from
the initial offering price of 59.534% or a total discount of $3,990,090.
Pursuant to the Purchase Agreement, the Holdings Issuers also reimbursed the
Initial Purchasers for certain expenses.  Pursuant to the Senior Discount
Exchange Offer, on September 8, 1998, the Holdings Issuers issued
$169,000,000 aggregate principal amount at maturity of their Senior Discount
Exchange Notes in exchange for an equal principal amount of Senior Discount
Old Notes.

     No dividends were paid to the holder of CapCo II's common stock in 1999.

     Under the New Credit Agreement, the Operating Company is subject to
restrictions on the payment of dividends and other distributions to Holdings,
as described in Item 8, "Management's Discussion and Analysis of Financial
Condition and Results of Operations--Liquidity and Capital Resources."




                                       8

<PAGE>

Item 6.   Selected Financial Data

     None.

Item 7.   Management's Discussion and Analysis of Financial Condition and
          Results of Operations

Results of Operations

     None.

Liquidity and Capital Resources

     On February 2, 1998, Holdings and CapCo II, as co-obligor, issued $100.6
million of Senior Discount Old Notes ($169 million aggregate principal amount
at maturity).

     On September 8, 1998, Holdings and CapCo II consummated the Senior
Discount Exchange Offer for all of their outstanding Senior Discount Old
Notes, and issued in exchange therefor their Senior Discount Exchange Notes,
which have the same terms as the Senior Discount Old Notes, except that the
Senior Discount Exchange Notes are registered under the Securities Act and do
not include the restrictions on transfer applicable to the Senior Discount
Old Notes.

     The Senior Discount Notes mature on January 15, 2009, with interest
payable at 10.75%.  Cash interest on the Senior Discount Notes does not
accrue until January 15, 2003.

     On February 2, 1998, the Operating Company refinanced the majority of
its existing credit facilities in connection with the Recapitalization and
entered into the New Credit Agreement with a consortium of banks.  The New
Credit Agreement was amended on August 13, 1998 (the "Amendment") to provide
for an additional Term Loan Borrowing of an additional $175 million.  The New
Credit Agreement and the Amendment consist of four term loans to the
Operating Company totaling $570 million and two revolving loan facilities to
the Operating Company totaling $255 million.  The obligations of the
Operating Company under the New Credit Agreement and Amendment are guaranteed
by Holdings and certain subsidiaries of Holdings, including CapCo II.  The
term loans are payable in quarterly installments through January 31, 2007 and
require payments of  $15.0 million in 2000, $20.0 million in 2001, $25.0
million in 2002, $27.5 million in 2003, $93.0 million in 2004, $64.9 million
in 2005, $242.7 million in 2006 and $74.0 million in 2007.  The
Company expects to fund scheduled debt repayments from
cash from operations and unused lines of credit. The revolving
loan facilities expire on January 31, 2004.  Interest is payable at (a) the
"Alternate Base Rate" (the higher of the Prime Rate or the Federal Funds Rate
plus 0.50%) plus a margin ranging from 0% to 2.00%; or (b) the "Eurocurrency
Rate" (the applicable interest rate offered to banks in the London interbank

                                       9

<PAGE>

eurocurrency market) plus a margin ranging from 0.625% to 3.00%.  A
commitment fee ranging from 0.20% to 0.50% is due on the unused portion of
the revolving loan commitment.  As part of the Amendment to the New Credit
Agreement, if certain events of default were to occur, or if the Company's
Net Leverage Ratio were above 5.15:1.0 at March 31, 2000, Blackstone has
agreed to make an equity contribution to the Company through the
administrative agent of up to $50 million. The Company's Net Leverage
Ratio being above 5.15:1.0 at March 31, 2000 is not an event of
default under the New Credit Agreement.  In addition,
the New Credit Agreement and Amendment contain certain affirmative and
negative covenants as to the operations and financial condition of the
Operating Company, as well as certain restrictions on the payment of
dividends and other distributions to Holdings.

      The Company is currently discussing with its bank lenders a proposed
Second Amendment to the New Credit Agreement and a proposed First Amendment
to the Capital Call Agreement (collectively, the "Second Amendment").  Among
other things, the Second Amendment would change the date as of which the
Company's Net Leverage Ratio is measured for purposes of determining whether
Blackstone is required to make the above-mentioned equity contribution
from March 31, 2000 to September 30, 2000; allow a pro forma adjustment to
the Net Leverage Ratio to include the receipt of net cash proceeds from any
registered public offering occurring after September 30, 2000 but before
October 31, 2000; change the terms under which the Company can access
$100 million of Growth Capital Revolving Loans from a dollar for dollar
equity match to a capital call with various test dates based on certain
leverage tests for quarters ending on or after June 30, 2001, which would
provide for up to an additional $50 million equity contribution by
Blackstone; allow the proceeds of the equity contribution (if required)
to be applied to the Revolving Credit Loans; increase the top level of the
interest rate pricing grid by 25 basis points; and change certain covenants,
principally to increase the amount of permitted capital expenditures in 2000
and subsequent years.  The Second Amendment requires approval by Lenders
having more than 50% of the sum of all loans and unused commitments
and there is no assurance that such approval will be obtained.

     Under the New Credit Agreement and Amendment, the Operating Company is
subject to restrictions on the payment of dividends or other distributions to
Holdings; provided that, subject to certain limitations, the Operating
Company may pay dividends or other distributions to Holdings (i) in respect
of overhead, tax liabilities, legal, accounting and other professional fees
and expenses, (ii) to fund purchases and redemptions of equity interests of
Holdings or Investor LP held by then present or former officers or employees
of Holdings, the Operating Company or their Subsidiaries (as defined) or by
any employee stock ownership plan upon such person's death, disability,
retirement or termination of employment or other circumstances with certain
annual dollar limitations and (iii) to finance, starting on July 15, 2003,
the payment of cash interest payments on the Senior Discount Notes.

Item 7A.  Quantitative and Qualitative Disclosures About Market Risk

     Not applicable.




















                                      10

<PAGE>

Item 8.   Financial Statements and Supplementary Data


                         INDEX TO FINANCIAL STATEMENTS

                                                                         Page
                                                                        Number
Statement re omission of independent auditors' report   . . . . . .       12

Financial Statements  . . . . . . . . . . . . . . . . . . . . . . .       13

     Balance Sheets at December 31, 1999 and 1998   . . . . . . . .       13

     Statements of Operations for the years ended December 31,
     1999 and 1998  . . . . . . . . . . . . . . . . . . . . . . . .       14

     Statements of Shareholders' Equity for the years ended
     December 31, 1999 and 1998 . . . . . . . . . . . . . . . . . .       15

     Statements of Cash Flows for the years ended December 31, 1999
     and 1998  . . . . . . . . . . . . . . . . . . . . . . . . . .        16

     Notes to Financial Statements  . . . . . . . . . . . . . . . .       17



























                                      11

<PAGE>

Report of independent auditors omitted pursuant to Rule 3-11 of Regulation
S-X.














































                                      12

<PAGE>

                             GPC CAPITAL CORP. II
                                BALANCE SHEETS


                                           December 31,
                                      - - - - - - - - - - -
                                      1999             1998

Total assets                           --               --

Total liabilities                      --               --

Total shareholders' equity             --               --



                            See accompanying notes
































                                      13

<PAGE>

                             GPC CAPITAL CORP. II
                           STATEMENTS OF OPERATIONS





                                            Year Ended December 31,
                                            - - - - - - - - - - - -
                                                1999         1998

Net sales                                        --           --

Operating income                                 --           --

Interest expense, net                            --           --

Net income                                       --           --




                            See accompanying notes


























                                      14

<PAGE>

                             GPC CAPITAL CORP. II
                      STATEMENTS OF SHAREHOLDERS' EQUITY






Balance at February 2, 1998                                 --

Balance at December 31, 1998                                --

Balance at December 31, 1999                                --



                            See accompanying notes































                                      15

<PAGE>

                             GPC CAPITAL CORP. II
                           STATEMENTS OF CASH FLOWS




                                        Year Ended December 31,
                                        - - - - - - - - - - - -
                                          1999            1998

Operating activities                       --              --

Investing activities                       --              --

Financing activities                       --              --



                            See accompanying notes






























                                      16

<PAGE>

                             GPC CAPITAL CORP. II
                         NOTES TO FINANCIAL STATEMENTS
                               December 31, 1999


1.   Basis of Presentation

     GPC Capital Corp. II, is a wholly owned subsidiary of Graham Packaging
Holdings Company, a Pennsylvania limited partnership formerly known as Graham
Packaging Company ("Holdings").  The sole purpose of GPC Capital Corp. II is
to act as co-obligor with Holdings of the Senior Discount Notes and as co-
guarantor with Holdings under the New Credit Agreement and Amendment (as
defined herein).  GPC Capital Corp. II has only nominal assets and does not
conduct any independent operations.

2.   Debt Arrangements

     On February 2, 1998, Holdings and GPC Capital Corp. II, as co-obligor,
issued $100.6 million gross proceeds of Senior Discount Notes Due 2009 ($169
million aggregate principal amount at maturity).  The Senior Discount Notes
mature on January 15, 2009, with interest payable at 10.75%.  Cash interest
on the Senior Discount Notes does not accrue until January 15, 2003.

     On February 2, 1998, Graham Packaging Company, a Delaware limited
partnership formerly known as Graham Packaging Holdings I, L.P. (the
"Operating Company") refinanced the majority of its existing credit
facilities in connection with the Recapitalization and entered into a new
Credit Agreement (the "New Credit Agreement") with a consortium of banks.
The New Credit Agreement was amended on August 13, 1998 (the "Amendment") to
provide for an additional Term Loan Borrowing of an additional $175 million.
The New Credit Agreement and the Amendment consist of four term loans to the
Operating Company totaling $570 million and two revolving loan facilities to
the Operating Company totaling $255 million.  The obligations of the
Operating Company under the New Credit Agreement and Amendment are guaranteed
by Holdings and certain other subsidiaries of Holdings.  The term loans are
payable in quarterly installments through January 31, 2007 and require
payments of  $15.0 million in 2000, $20.0 million in 2001, $25.0 million in
2002, $27.5 million in 2003, $93.0 million in 2004, $64.9 million in 2005,
$242.7 million in 2006 and $74.0 million in 2007.  The revolving loan
facilities expire on January 31, 2004.  Interest is payable at (a) the
"Alternate Base Rate" (the higher of the Prime Rate or the Federal Funds Rate
plus 0.50%) plus a margin ranging from 0% to 2.00%; or (b) the "Eurocurrency
Rate" (the applicable interest rate offered to banks in the London interbank
eurocurrency market) plus a margin ranging from 0.625% to 3.00%.  A
commitment fee ranging from 0.20% to 0.50% is due on the unused portion of
the revolving loan commitment. As part of the Amendment to the New Credit
Agreement, if certain events of default were to occur, or if the Company's
Net Leverage Ratio were above 5.15:1.0 at March 31, 2000, Blackstone has
agreed to make an equity contribution to the Company through the
administrative agent of up to $50 million. The Company's Net Leverage
Ratio being above 5.15:1.0 at March 31, 2000 is not an event of
default under the New Credit Agreement.  In addition,









                                      17

<PAGE>

the New Credit Agreement and Amendment contain certain affirmative and
negative covenants as to the operations and financial condition of the
Operating Company, as well as certain restrictions on the payment of
dividends and other distributions to Holdings.


     On September 8, 1998, Holdings and GPC Capital Corp. II consummated an
exchange offer for all of their outstanding Senior Discount Notes Due 2009
which had been issued on February 2, 1998 (the "Old Notes"), and issued in
exchange therefor their Senior Discount Notes Due 2009, Series B (the
"Exchange Notes"), which have the same terms as the Old Notes, except that
the Exchange Notes are registered under the Securities Act of 1933 and do not
include the restrictions on transfer applicable to the Old Notes.

































                                      18

<PAGE>

Item 9.   Changes in and Disagreements with Accountants on Accounting and
          Financial Disclosure

     Not applicable.












































                                      19

<PAGE>

                                   PART III


Item 10.   Directors and Executive Officers of the Registrant

     The directors and executive officers of CapCo II are as follows:

Name                  Age                   Position

Philip R. Yates       52     President, Treasurer and Assistant Secretary
                             and a Director
John E. Hamilton      41     Vice President, Secretary and Assistant
                             Treasurer and a Director
Chinh E. Chu          33     Vice President and a Director
Simon P. Lonergan     31     Vice President and a Director

     Philip R. Yates has served as Chief Executive Officer of
the Operating Company and GPC Opco GP LLC ("Opco GP"), the general partner
of the Operating Company, since February 8, 2000.  Prior to February 8, 2000,
Mr. Yates served as President and Chief Executive Officer of the Operating
Company and Opco GP since the Recapitalization. Since the Recapitalization,
Mr. Yates has also served as President and Chief Executive Officer of
various subsidiaries of the Operating Company or their general partner, as
President, Treasurer and Assistant Secretary of CapCo II and GPC Capital Corp
I ("CapCo I"), and as a member of the Boards of Directors of CapCo I and
CapCo II. From April 1995 to the Recapitalization, Mr. Yates served as
President and Chief Operating Officer of the Company. From 1994 to 1995, Mr.
Yates served as President of the Company. Prior to 1994, Mr. Yates served in
various management positions with the Company.

     John E. Hamilton has served as Chief Financial Officer or Senior Vice
President, Finance and Administration or Vice President, Finance and
Administration of the Operating Company since the Recapitalization. Since
January 21, 1999, Mr. Hamilton has served as Chief Financial Officer of the
Operating Company, Opco GP and Holdings, and has served as Treasurer and
Secretary of Opco GP and of various subsidiaries of the Operating Company or
their general partner since the Recapitalization.  Since the
Recapitalization, Mr. Hamilton has served as Vice President, Secretary and
Assistant Treasurer of CapCo I and CapCo II, and as a member of the Boards of
Directors of CapCo I and CapCo II. Subsequent to the Recapitalization and
until January 21, 1999, Mr. Hamilton served as Vice President, Finance and
Administration of Opco GP and Holdings.  From November 1992 to the
Recapitalization, Mr. Hamilton served as Vice President, Finance and
Administration, North America of the Company. Prior to 1992, Mr. Hamilton
served in various management positions with the Company.

     Chinh E. Chu has been a Senior Managing Director of The Blackstone
Group L.P. since January 1, 2000.  Prior to January 1, 2000, Mr. Chu served
as a Managing Director of The Blackstone Group L.P., which
he joined in 1990. Since the Recapitalization, Mr. Chu has served as Vice
President, Secretary and Assistant Treasurer of Investor LP and Investor GP,

                                      20

<PAGE>

as a Vice President of CapCo I and CapCo II and as a member of the Boards of
Directors of Investor LP, CapCo I and CapCo II. Prior to joining Blackstone,
Mr. Chu was a member of the Mergers and Acquisitions Group of Salomon
Brothers Inc from 1988 to 1990. He currently serves on the Boards of
Directors of Prime Succession Inc., Roses, Inc. and Haynes International,
Inc.

     Simon P. Lonergan has been a Principal of The Blackstone Group L.P.
since January 1, 2000.  Prior to January 1, 2000, Mr. Lonergan
was an Associate of The Blackstone Group L.P., which he
joined in 1996. Since the Recapitalization, Mr. Lonergan has served as Vice
President, Assistant Secretary and Assistant Treasurer of Investor LP and
Investor GP, as a Vice President of CapCo I and CapCo II and as a member of
the Boards of Directors of Investor LP, CapCo I and CapCo II. Prior to
joining Blackstone, Mr. Lonergan was an Associate at Bain Capital, Inc. and a
Consultant at Bain and Co. He currently serves on the Board of Directors of
CommNet Cellular, Inc. and the Advisory Committee of InterMedia Partners VI.

     Except as described above, there are no arrangements or understandings
between any director or executive officer and any other person pursuant to
which such person was elected or appointed as a director or executive officer
of CapCo II.

Item 11.   Executive Compensation

Compensation of Directors

     The members of the Board of Directors of CapCo II are not compensated
for their services except that each is reimbursed for his reasonable expenses
in performing his duties as such.

Item 12.   Security Ownership of Certain Beneficial Owners and Management

     CapCo II has outstanding 1,000 shares of common stock, all of which are
owned by Holdings, 2401 Pleasant Valley Road, York, Pennsylvania 17402.

Item 13.   Certain Relationships and Related Transactions

     An affiliate of DB Alex. Brown LLC and Bankers Trust International PLC,
two of the Initial Purchasers of the Old Notes, acquired approximately a 4.8%
equity interest in Investor LP.  Deutsche Bank AG (formerly Bankers Trust
Company), an affiliate of DB Alex. Brown LLC and Bankers Trust International
PLC, acted as administrative agent and provided a portion of the financing
under the New Credit Agreement entered into in connection with the
Recapitalization, for which it received customary commitment and other fees
and compensation.

     The New Credit Agreement includes a $100 million Growth Capital
Revolving Credit Facility under which the Operating Company is entitled to

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<PAGE>

draw amounts for capital expenditure requirements and to finance acquisitions
and investments; provided that loans under the Growth Capital Revolving
Credit Facility may only be incurred to the extent that such loans are
matched with equity contributions from the principal equity holders of
Investor LP (which equity contributions shall, in turn, ultimately be
contributed to the Operating Company) on a dollar-for-dollar basis.

      As part of the Amendment to the New Credit Agreement, if
certain events of default were to occur, or if the Company's
Net Leverage Ratio were above 5.15:1.0 at March 31, 2000, Blackstone has
agreed to make an equity contribution to the Company through the
administrative agent of up to $50 million. The Company's Net Leverage
Ratio being above 5.15:1.0 at March 31, 2000 is not an event of
default under the New Credit Agreement.

      The Company is currently discussing with its bank lenders a proposed
Second Amendment to the New Credit Agreement and a proposed First Amendment
to the Capital Call Agreement (collectively, the "Second Amendment").  Among
other things, the Second Amendment would change the date as of which the
Company's Net Leverage Ratio is measured for purposes of determining whether
Blackstone is required to make the above-mentioned equity contribution
from March 31, 2000 to September 30, 2000; allow a pro forma adjustment to
the Net Leverage Ratio to include the receipt of net cash proceeds from any
registered public offering occurring after September 30, 2000 but before
October 31, 2000; change the terms under which the Company can access
$100 million of Growth Capital Revolving Loans from a dollar for dollar
equity match to a capital call with various test dates based on certain
leverage tests for quarters ending on or after June 30, 2001, which would
provide for up to an additional $50 million equity contribution by
Blackstone; allow the proceeds of the equity contribution (if required)
to be applied to the Revolving Credit Loans; increase the top level of the
interest rate pricing grid by 25 basis points; and change certain covenants,
principally to increase the amount of permitted capital expenditures in 2000
and subsequent years.  The Second Amendment requires approval by Lenders
having more than 50% of the sum of all loans and unused commitments
and there is no assurance that such approval will be obtained.

     Pursuant to the Purchase Agreement dated January 23, 1998, the Initial
Purchasers, DB Alex. Brown LLC, Bankers Trust International PLC, Lazard
Freres & Co. LLC and Salomon Brothers Inc, purchased the Senior Discount Old
Notes at a price of 57.173% of the principal amount, for a discount of 2.361%
from the initial offering price of 59.534% or a total discount of $3,990,090.
Pursuant to the Purchase Agreement, the Holdings Issuers also reimbursed the
Initial Purchasers for certain expenses.




























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<PAGE>

                                    PART IV


Item 14.   Exhibits, Financial Statement Schedules, and Reports on Form 8-K


     (a)  The following Financial Statement Schedules and Reports are
          included herein:

     None.

     All other schedules are not submitted because they are not applicable or
not required or because the required information is included in the financial
statements or the notes thereto.


     (b)  The following exhibits are filed herewith or incorporated herein by
          reference:


Exhibit
Number     Description of Exhibit

2.1   --   Agreement and Plan of Recapitalization, Redemption and Purchase
           dated as of December 18, 1997, as amended as of January 29, 1998,
           by and among Graham Packaging Holdings Company, BCP/Graham
           Holdings L.L.C., BMP/Graham Holdings Corporation and the other
           parties named therein (incorporated herein by reference to
           Exhibit 2.1 to the Registration Statement on Form S-4 (File No.
           333-53603-01)).

2.2   --   Purchase Agreement dated January 23, 1998 among Graham Packaging
           Holdings Company, Graham Packaging Company, GPC Capital Corp. I,
           GPC Capital Corp. II, BT Alex. Brown Incorporated, Bankers Trust
           International PLC, Lazard Freres & Co. L.L.C. and Salomon
           Brothers Inc (incorporated herein by reference to Exhibit 2.2 to
           the Registration Statement on Form S-4 (File No. 333-53603-01)).

3.1   --   Certificate of Incorporation of GPC Capital Corp. II
           (incorporated herein by reference to Exhibit 3.7 to the
           Registration Statement on Form S-4 (File No. 333-53603-01)).

3.2   --   By-Laws of GPC Capital Corp. II (incorporated herein by reference
           to Exhibit 3.8 to the Registration Statement on Form S-4 (File
           No. 333-53603-01)).




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<PAGE>

4.1   --   Indenture dated as of February 2, 1998 among Graham Packaging
           Holdings Company and GPC Capital Corp. II and The Bank of New
           York, as Trustee, relating to the Senior Discount Notes Due 2009
           of Graham Packaging Holdings Company and GPC Capital Corp. II
           (incorporated herein by reference to Exhibit 4.7 to the
           Registration Statement on Form S-4 (File No. 333-53603-01)).

4.2   --   Form of 10 3/4% Senior Discount Note Due 2009, Series A (included
           in Exhibit 4.1) (incorporated herein by reference to Exhibit 4.8
           to the Registration Statement on Form S-4 (File No. 333-53603-
           01)).

4.3   --   Form of 10 3/4% Senior Discount Note Due 2009, Series B (included
           in Exhibit 4.1) (incorporated herein by reference to Exhibit 4.9
           to the Registration Statement on Form S-4 (File No. 333-53603-
           01)).

4.4   --   Registration Rights Agreement dated as of February 2, 1998 among
           Graham Packaging Holdings Company, GPC Capital Corp. II, BT Alex.
           Brown Incorporated, Bankers Trust International PLC, Lazard
           Freres & Co. L.L.C. and Salomon Brothers Inc. relating to the
           Senior Discount Notes Due 2009 of Graham Packaging Holdings
           Company and GPC Capital Corp. II (incorporated herein by
           reference to Exhibit 4.10 to the Registration Statement on Form
           S-4 (File No. 333-53603-01)).

10.1  --   Credit Agreement dated as of February 2, 1998 among Graham
           Packaging Holdings Company, Graham Packaging Company, GPC Capital
           Corp. I, the lending institutions identified in the Credit
           Agreement and the agents identified in the Credit Agreement
           (incorporated herein by reference to Exhibit 10.1 to the
           Registration Statement on Form S-4 (File No. 333-53603-01)).

10.2  --   First Amendment to Credit Agreement dated as of August 13, 1998
           (incorporated herein by reference to Exhibit 10.2 to the Annual
           Report on Form 10-K for the fiscal year ended December 31, 1998
           (File No. 333-53603-01)).

24    --   Power of Attorney -- Page 27 of Form 10-K.

27    --   Financial Data Schedule.

99.1  --   Form of Senior Discount Letter of Transmittal (incorporated
           herein by reference to Exhibit 99.5 to the Registration Statement
           on Form S-4 (File No. 333-53603-01)).


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<PAGE>

99.2  --   Form of Senior Discount Notice of Guaranteed Delivery
           (incorporated herein by reference to Exhibit 99.6 to the
           Registration Statement on Form S-4 (File No. 333-53603-01)).


     (c)  Reports on Form 8-K

     No Reports on Form 8-K were required to be filed during the quarter
ended December 31, 1999.






































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<PAGE>

                                  SIGNATURES

     Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.

Dated:    March 27, 2000


                               GPC CAPITAL CORP. II
                               (Registrant)


                               By:  /s/  John E. Hamilton

                                    Name:     John E. Hamilton
                                    Title:    Vice President
                                             (chief accounting officer and duly
                                              authorized officer)





























                                      26

<PAGE>

                               POWER OF ATTORNEY

     We, the undersigned officers and directors of GPC Capital Corp. II, do
hereby constitute and appoint Philip R. Yates and John E. Hamilton, or either
of them, our true and lawful attorneys and agents, to sign for us, or any of
us, in our names in the capacities indicated below, any and all amendments to
this report, and to cause the same to be filed with the Securities and
Exchange Commission, granting to said attorneys, and each of them, full power
and authority to do and perform any act and thing necessary or appropriate to
be done in the premises, as fully to all intents and purposes as the
undersigned could do if personally present, and we do hereby ratify and
confirm all that said attorneys and agents, or either of them, shall do or
cause to be done by virtue hereof.

     Pursuant to the requirements of the Securities Exchange Act of 1934,
this report has been signed on the 27th day of March, 2000 by the following
persons on behalf of the registrant and in the capacities indicated, with
respect to GPC Capital Corp. II:


             Signature                            Title

        /s/ Philip R. Yates        President, Treasurer and Assistant Secretary
          Philip R. Yates          And Director (Principal Executive Officer)


        /s/ John E. Hamilton       Vice President, Secretary and Assistant
          John E. Hamilton        Treasurer and Director (Principal Financial
                                   Officer and Principal Accounting Officer)



          /s/ Chinh E. Chu         Director
            Chinh E. Chu

       /s/ Simon P. Lonergan       Director
         Simon P. Lonergan







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<PAGE>

SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO
SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED SECURITIES
PURSUANT TO SECTION 12 OF THE ACT.

     No annual report to security holders covering the registrant's last
fiscal year has been sent to security holders.  No proxy statement, form of
proxy or other proxy soliciting material has been sent to more than 10 of the
registrant's security holders with respect to any annual or other meeting of
security holders.







































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