UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 1997
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Avenir Corporation
Address: 1725 K Street, N.W.
Suite 401
Washington, D.C. 20006
13F File Number: 28-6032
The institutional investment manager 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: Charles G. Mackall
Title: President
Phone: 202-659-4427
Signature, Place, and Date of Signing
Charles G. Mackall Washington, D.C. April 5, 1999
Report Type (Check only one.):
[ 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.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 116
Form 13F Information Table Value Total: $248,665
List of Other Included Managers:
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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000)PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
Abbott Labs COM 002824100 243 5200SH SOLE 0 5200 0 0
Above Net COM 003743101 262 2000SH SOLE 0 2000 0 0
AES Corp. COM 00130H105 522 14000SH SOLE 0 14000 0 0
Affiliated Computer Svcs IncCL A 008190100 4844 105871SH SOLE 0 105871 0 0
Airlease Ltd. L.P. DEPOSITORY UNIT 009366105 332 27100SH SOLE 0 27100 0 0
AirTouch Commun. COM 00949T100 473 4900SH SOLE 0 4900 0 0
Alleghany Corporation COM 017175100 14213 77296SH SOLE 0 77296 0 0
Am. Mgt. Systems COM 027352103 324 9500SH SOLE 0 9500 0 0
American Express COM 025816109 471 4000SH SOLE 0 4000 0 0
American Int'l. Grp. COM 026874107 213 1768SH SOLE 0 1768 0 0
American Online COM 02364J104 1176 8000SH SOLE 0 8000 0 0
American Tower Sys CL A 029912201 6907 281900SH SOLE 0 281900 0 0
Ameritech COM 030954101 553 9600SH SOLE 0 9600 0 0
At Home Corp. COM SER A 045919107 236 1500SH SOLE 0 1500 0 0
Aztec Tech Ptnrs Inc COM 05480L101 736 444400SH SOLE 0 444400 0 0
BankAmerica Corp. COM 066050105 637 9019SH SOLE 0 9019 0 0
Bell Atlantic COM 077853109 268 5180SH SOLE 0 5180 0 0
BellSouth Corp. COM 079860102 296 7400SH SOLE 0 7400 0 0
Berkshire Hathaway CL A 084670108 9282 130SH SOLE 0 130 0 0
Berkshire Hathaway B CL B 084670207 1434 610SH SOLE 0 610 0 0
Bristol-Myers Squibb COM 110122108 237 3700SH SOLE 0 3700 0 0
Brookdale Living CommunitiesCOM 112462106 3985 231000SH SOLE 0 231000 0 0
Cablevision Sys Corp CL A 12686C109 593 8000SH SOLE 0 8000 0 0
CBS Corp. COM 12490K107 264 6474SH SOLE 0 6474 0 0
CFW Communications COM 124923103 8763 405242SH SOLE 0 405242 0 0
Chancellor Media CorporationCOM 158915108 2739 58126SH SOLE 0 58126 0 0
Chesapeake Energy CorporatioCOM 165167107 14 10000SH SOLE 0 10000 0 0
Chicago Title Company COM 168228104 2545 69965SH SOLE 0 69965 0 0
Choice Hotels Int'l COM 169905106 141 10000SH SOLE 0 10000 0 0
Cisco Systems Inc. COM 17275R102 636 5802SH SOLE 0 5802 0 0
CNA Surety COM 12612L108 10468 845901SH SOLE 0 845901 0 0
Comcast Corp. - Sp. CL A 200300200 2146 34100SH SOLE 0 34100 0 0
Commerce Group. Inc. COM 200641108 872 35500SH SOLE 0 35500 0 0
Dover Downs Entertainment COM 260086103 501 32300SH SOLE 0 32300 0 0
du Pont(EI) Co. COM 263534109 540 9304SH SOLE 0 9304 0 0
Dynex Capital Inc. COM 26817Q100 53 16100SH SOLE 0 16100 0 0
E W Scripps Co. - A CL A 811054204 943 21317SH SOLE 0 21317 0 0
eFax.com COM 282012103 268 15000SH SOLE 0 15000 0 0
Emmis Communications Corp CL A 291525103 3532 70640SH SOLE 0 70640 0 0
Esco Electronics COM TR RCPT 269030201 4581 509050SH SOLE 0 509050 0 0
Evergreen Resources COM 299900308 1519 75950SH SOLE 0 75950 0 0
Exxon Corp. COM 302290101 825 11698SH SOLE 0 11698 0 0
Fedders Corp. A Nvtg CL A 313135303 1799 389000SH SOLE 0 389000 0 0
First Union Corp. COM 337358105 502 9400SH SOLE 0 9400 0 0
First Union Reit SH BEN INT 337400105 1015 232000SH SOLE 0 232000 0 0
Freddie Mac COM 313400301 1325 23120SH SOLE 0 23120 0 0
General Electric COM 369604103 911 8232SH SOLE 0 8232 0 0
General Nutrition COM 37047F103 3284 234600SH SOLE 0 234600 0 0
GTE Corp. COM 362320103 434 7174SH SOLE 0 7174 0 0
HCR Manor Care COM 404134108 214 9400SH SOLE 0 9400 0 0
Hearst-Argyle Television, InCOM 422317107 5593 227124SH SOLE 0 227124 0 0
Houghton Mifflin Company COM 441560109 1050 22400SH SOLE 0 22400 0 0
IndyMac Mortgage Holdings, ICOM 44977L100 208 19100SH SOLE 0 19100 0 0
Int. Speedway Corp. CL B 460335300 5185 98300SH SOLE 0 98300 0 0
INTEL Corp. COM 458140100 922 7760SH SOLE 0 7760 0 0
John Nuveen Co. CL A 478035108 5856 139850SH SOLE 0 139850 0 0
Johnson & Johnson COM 478160104 888 9500SH SOLE 0 9500 0 0
Journal Register Company COM 481138105 5134 427800SH SOLE 0 427800 0 0
Kaiser Ventures COM 483100103 3648 349480SH SOLE 0 349480 0 0
Koninklijke Philips ElectronSPONSORED ADR 500472105 7485 90800SH SOLE 0 90800 0 0
Leucadia National COM 527288104 635 21000SH SOLE 0 21000 0 0
Markel Corporation COM 570535104 16480 91430SH SOLE 0 91430 0 0
McDonald's Corp. COM 580135101 263 5800SH SOLE 0 5800 0 0
MediaOne Group Inc. COM 58440J104 431 6790SH SOLE 0 6790 0 0
Mellon Bank COM 585509102 2199 31244SH SOLE 0 31244 0 0
Merck & Co. COM 589331107 776 9680SH SOLE 0 9680 0 0
MGI Pharma, Inc COM 552880106 7621 910006SH SOLE 0 910006 0 0
Micros Systems COM 594901100 16457 498700SH SOLE 0 498700 0 0
MidAmerican Energy COM 129466108 6530 233200SH SOLE 0 233200 0 0
Murray Un. Dev. Corp COM 627189103 1 32500SH SOLE 0 32500 0 0
National Wireless Hlds. COM 638560102 5838 299395SH SOLE 0 299395 0 0
Nvest Companies, LP UNIT LTD PARTN 644095101 618 25500SH SOLE 0 25500 0 0
Penn Virginia COM 707882106 3471 197616SH SOLE 0 197616 0 0
Penn-America Group Inc. COM 707247102 5264 478568SH SOLE 0 478568 0 0
Peoples Heritage Fin COM 711147108 389 21625SH SOLE 0 21625 0 0
Pepsi of P.R.Botl. CL B 713434108 2378 396300SH SOLE 0 396300 0 0
PepsiCo Inc. COM 713448108 278 7100SH SOLE 0 7100 0 0
Pfizer, Inc. COM 717081103 351 2528SH SOLE 0 2528 0 0
Pico Holding COM NEW 693366205 2726 147361SH SOLE 0 147361 0 0
Pico Products COM 719884108 27 11000SH SOLE 0 11000 0 0
PIMCO Adv Hldg LP UT LTD PART INT 69338P102 2592 82442SH SOLE 0 82442 0 0
Potomac Electric Pwr COM 737679100 1324 57100SH SOLE 0 57100 0 0
Precision Auto Care Inc. COM 74018R105 1635 688500SH SOLE 0 688500 0 0
Prime Retail Ser B Pfd PFD CONV SER B 741570303 227 14198SH SOLE 0 14198 0 0
Prime Retail, Inc. COM 741570105 371 42374SH SOLE 0 42374 0 0
Puget Sound Energy COM 745332106 238 10330SH SOLE 0 10330 0 0
Pulitzer Publishing COM 745771105 6757 167100SH SOLE 0 167100 0 0
Reliant Energy, Inc COM 75952J108 315 12100SH SOLE 0 12100 0 0
Reptron Electronics COM 76026W109 2034 561000SH SOLE 0 561000 0 0
Rohn Industries COM 775381106 524 236000SH SOLE 0 236000 0 0
Safeguard Sci. COM 786449108 587 8700SH SOLE 0 8700 0 0
Sarnia Co. COM 803724103 5 10000SH SOLE 0 10000 0 0
Saul Centers COM 804395101 1703 116450SH SOLE 0 116450 0 0
ServiceMaster Corp. COM 81760N109 1010 49714SH SOLE 0 49714 0 0
SFX Entertainment CL A 784178105 3182 49290SH SOLE 0 49290 0 0
Sonex Research, Inc. COM 835448101 18 35478SH SOLE 0 35478 0 0
Southtrust Corp. COM 844730101 577 15466SH SOLE 0 15466 0 0
Suntrust Banks COM 867914103 376 6048SH SOLE 0 6048 0 0
Supercond. Tech. COM 867931107 165 48000SH SOLE 0 48000 0 0
Synalloy Corp. COM 871565107 801 116500SH SOLE 0 116500 0 0
Teleflex Inc. COM 879369106 218 6400SH SOLE 0 6400 0 0
Tellabs, Inc. COM 879664100 310 3168SH SOLE 0 3168 0 0
Teppco Partners UT LTD PARTNER 872384102 702 27800SH SOLE 0 27800 0 0
Time-Warner Inc. COM 887315109 354 5000SH SOLE 0 5000 0 0
Todhunter Int'l. COM 889050100 131 17800SH SOLE 0 17800 0 0
Transamerica Corp. COM 893485102 426 6000SH SOLE 0 6000 0 0
TV Guide Inc A CL A 87307Q109 346 12000SH SOLE 0 12000 0 0
U S West Inc. COM 91273H101 485 8811SH SOLE 0 8811 0 0
United Television COM 913066106 322 3100SH SOLE 0 3100 0 0
Vermont Teddy Bear COM 92427X109 19 10000SH SOLE 0 10000 0 0
Versar Inc. COM 925297103 24 10000SH SOLE 0 10000 0 0
Viacom Inc. Cl A CL A 925524100 250 3000SH SOLE 0 3000 0 0
Washington Gas Light COM 938837101 419 18512SH SOLE 0 18512 0 0
Wells Fargo Co. COM 949740104 11051 315180SH SOLE 0 315180 0 0
Wesco Financial Corp COM 950817106 1115 3300SH SOLE 0 3300 0 0
WorldCom, Inc COM 98155K102 275 3100SH SOLE 0 3100 0 0
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