WEDGE Capital Management L.L.P.
2920 One First Union Center Charlotte NC 28202-6002
David A. Thompson (704) 334-6475 General Partner
The institutional investment manager submitting this form and
its attachments and the person by whom it is signed represent
hereby that all information contained herein is true, correct and
complete. It is understood that all required items, statements
and schedules are considered integral parts of this form and that
the submission of any amendment represents that all unamended
items, statements and schedules remain true , correct and
and complete as previously submitted.
Persuant to the requirements of Securities and Exchange Act
of 1934, the undersigned institutional investment manager
has caused this report to be signed on its behalf in the city
of Charlotte and State of North Carolina on the 29th day of July,
1999.
WEDGE Capital Management L.L.P.
David A. Thompson
<TABLE>
FORM 13F
<CAPTION>
REPORTING MANAGER : WEDGE CAPITAL MANAGEMENT L.L.P.
REPORTING DATE: JUNE 30, 1999
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K)SH/P AMTSH/PRN P/C INV DSC MANAGERSSOLE SHARED NONE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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ALLEGHENY TELEDYNE INC COMMON 17415100 485 21425SH SOLE 0 21425 0
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