<PAGE> OMB Number 3235-01047
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FORM 3
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Form 3
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of
1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
1. Name and Address of Reporting Person *
Westcliff Small Cap Fund, L.P.
(Last) (First) (Middle)
200 Seventh Avenue, Suite 105, Santa Cruz, CA 95062
(Street), (City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Huntway Refining Company (HWY)
3. IRS or Social Security Number of Reporting Person (Voluntary)
________
4. Statement for Month/Year
12-99
5. If Amendment, Date of Original (Month/Year) ___________
6. Relationship of reporting person to issuer
(Check all applicable)
____ Director XXX 10% Owner
____ Officer (give ____ Other (specify
title below) below)
______________________
7. Individual or Joint/Group Filing (Check Applicable line)
XXX Form filed by one Reporting Person
____ Form filed by More than One Reporting Person
<PAGE>
FORM 3 (continued) Page 2 of 4 Pages
Table I - Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
1. Title of Security (Instr. 3)
Common Stock
2. Transaction Date (Month/Day/Year)
12-31-99
3. Transaction Code (Instr. 8)
Code V
J(1) _________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount (A) or (D) Price
91,636 A N/A
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4)
91,636
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
D
7. Nature of Indirect Beneficial Ownership (Inst. 4)
___________________________________________________________________________
Reminder: Report on a separate line for each class of
securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person,
see Instruction 4(b)(v). SEC 1474 (3-99)
<PAGE>
FORM 3 (continued) Page 3 of 4 Pages
Table II - Derivative Securities Acquired, Disposed of,
or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)
______________________________
2. Conversion or Exercise Price of Derivative Security
_________________
3. Transaction Date (Month/Day/Year)
______________
4. Transaction Code (Instr. 8)
Code ______ V ______
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
(A) _____________ (D) ______________
6. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable Expiration Date
____________________ ________________________
7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
Title Amount or Number of Shares
__________________ __________________________
8. Price of Derivative Security (Instr. 5)
_______________
9. Number of derivative Securities Beneficially Owned at End of Month
(Instr. 4)
_______________
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
__________________
11. Nature of Indirect Beneficial Ownership (Inst. 4)
_____________________________________________________________________
___________________________________________________________________________
<PAGE>
FORM 3 (continued) Page 4 of 4 Pages
Explanation of Responses:
(1) 91,636 Shares of Common Stock were contributed to the Reporting Person
by certain of its limited partners.
Westcliff Small Cap Fund, L.P.
By: Westcliff Capital Management, LLC
By: Richard S. Spencer III, Manager 1/7/00
/s/ Richard S. Spencer III Date
** Signature of Reporting Person
** Intentional misstatements or omissions of facts constitute
Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, See Instruction 6 for procedure.
Potential persons who are to respond to the collection
of information contained in this form are not required to respond
unless the form displays a currently valid OMB Number.
ETR\3084\008\1080606
