[TEXT]
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 1999
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: Peter C. Keefe
Title: President
Phone: 202-659-4427
Signature, Place, and Date of Signing
Peter C. Keefe Washington, D.C. February 14, 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: 103
Form 13F Information Table Value Total: $313,064,000
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$1000PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
AEGON NV ORD AMER REG 7924103 414 4332SH SOLE 0 4332 0 0
AES Corp. COM 00130H105 1047 14000SH SOLE 0 14000 0 0
Affiliated Computer Svcs Inc. CL A 008190100 4581 99577SH SOLE 0 99577 0 0
Airlease Ltd. L.P. DEPOSITORY UNIT 009366105 249 22400SH SOLE 0 22400 0 0
Alleghany Corporation COM 017175100 16695 90002SH SOLE 0 90002 0 0
American Express COM 025816109 665 4000SH SOLE 0 4000 0 0
American Int'l. Grp. COM 26874107 239 2208SH SOLE 0 2208 0 0
American Tower Sys CL A 029912201 13375 437592SH SOLE 0 437592 0 0
AMFM, Inc. COM 1693100 4545 58082SH SOLE 0 58082 0 0
Auto. Data Proc. COM 053015103 242 4500SH SOLE 0 4500 0 0
Aztec Tech Ptnrs Inc COM 05480L101 472 103500SH SOLE 0 103500 0 0
Bank of America Corp. COM 066050105 227 4526SH SOLE 0 4526 0 0
Bell Atlantic COM 077853109 304 4932SH SOLE 0 4932 0 0
BellSouth Corp. COM 079860102 346 7400SH SOLE 0 7400 0 0
Berkshire Hathaway CL A 084670108 9200 164SH SOLE 0 164 0 0
Berkshire Hathaway B CL B 084670207 1336 730SH SOLE 0 730 0 0
Brookdale Living Communities, COM 112462106 2808 226980SH SOLE 0 226980 0 0
Cablevision Sys Corp CL A 12686C109 604 8000SH SOLE 0 8000 0 0
CBS Corp. COM 12490K107 414 6474SH SOLE 0 6474 0 0
CFW Communications COM 124923103 15878 456908SH SOLE 0 456908 0 0
Chesapeake Energy Corporation COM 165167107 24 10000SH SOLE 0 10000 0 0
Chicago Title Company COM 168228104 2885 62375SH SOLE 0 62375 0 0
CNA Surety COM 12612L108 11199 861450SH SOLE 0 861450 0 0
Comcast Corp. - Sp. CL A 200300200 3325 65200SH SOLE 0 65200 0 0
Commerce Group. Inc. COM 200641108 797 30500SH SOLE 0 30500 0 0
Dover Downs Entertainment COM 260086103 461 24600SH SOLE 0 24600 0 0
du Pont(EI) Co. COM 263534109 393 5963SH SOLE 0 5963 0 0
E W Scripps Co. - A CL A 811054204 955 21317SH SOLE 0 21317 0 0
Emmis Communications Corp CL A 291525103 5025 40318SH SOLE 0 40318 0 0
Esco Electronics COM TR RCPT 269030201 5603 482200SH SOLE 0 482200 0 0
Evergreen Resources COM 299900308 1497 75800SH SOLE 0 75800 0 0
Exxon Mobil COM 302290101 1112 13806SH SOLE 0 13806 0 0
Fedders Corp. A Nvtg CL A 313135303 1912 373350SH SOLE 0 373350 0 0
First Union Reit SH BEN INT 337400105 2140 450522SH SOLE 0 450522 0 0
Freddie Mac COM 313400301 494 10500SH SOLE 0 10500 0 0
General Electric COM 369604103 1218 7868SH SOLE 0 7868 0 0
GTE Corp. COM 362320103 499 7074SH SOLE 0 7074 0 0
Hearst-Argyle Television, Inc.COM 422317107 3354 126007SH SOLE 0 126007 0 0
Hewlett Packard Co. COM 428236103 319 2800SH SOLE 0 2800 0 0
Houghton Mifflin Company COM 441560109 289 6850SH SOLE 0 6850 0 0
IndyMac Mortgage Holdings, IncCOM 44977L100 244 19100SH SOLE 0 19100 0 0
Int. Speedway Corp. CL B 460335300 4743 94869SH SOLE 0 94869 0 0
INTEL Corp. COM 458140100 619 7520SH SOLE 0 7520 0 0
Internet Cap Group COM 46059C106 269 1580SH SOLE 0 1580 0 0
IPC Holdings, Ltd. ORD G4933P101 688 46300SH SOLE 0 46300 0 0
John Nuveen Co. CL A 478035108 4815 133539SH SOLE 0 133539 0 0
Johnson & Johnson COM 478160104 699 7500SH SOLE 0 7500 0 0
Journal Register Company COM 481138105 6471 419096SH SOLE 0 419096 0 0
Kaiser Ventures COM 483100103 5184 324400SH SOLE 0 324400 0 0
Koninklijke Philips ElectronicSPONSORED ADR 500472105 12728 94278SH SOLE 0 94278 0 0
Leucadia National COM 527288104 400 17300SH SOLE 0 17300 0 0
Markel Corporation COM 570535104 15113 97506SH SOLE 0 97506 0 0
McDonald's Corp. COM 580135101 226 5600SH SOLE 0 5600 0 0
MediaOne Group Inc. COM 58440J104 522 6790SH SOLE 0 6790 0 0
Mellon Financial Corp COM 585509102 2050 60188SH SOLE 0 60188 0 0
Merck & Co. COM 589331107 650 9680SH SOLE 0 9680 0 0
MGI Pharma, Inc COM 552880106 10947 916814SH SOLE 0 916814 0 0
Micros Systems COM 594901100 37292 503948SH SOLE 0 503948 0 0
Microsoft Corp. COM 594918104 373 3198SH SOLE 0 3198 0 0
MidAmerican Energy COM 129466108 11836 351330SH SOLE 0 351330 0 0
MS DW Discover COM 617446448 200 1404SH SOLE 0 1404 0 0
National Wireless Hlds. COM 638560102 8115 277450SH SOLE 0 277450 0 0
Nortel Networks Corp COM 656569100 376 3724SH SOLE 0 3724 0 0
Nvest Companies, LP UNIT LTD PARTN 644095101 392 24700SH SOLE 0 24700 0 0
Penn Virginia COM 707882106 9700 579116SH SOLE 0 579116 0 0
Penn-America Group Inc. COM 707247102 6777 874422SH SOLE 0 874422 0 0
Pepsi Americas Inc. CL B 713434108 342 91200SH SOLE 0 91200 0 0
PepsiCo Inc. COM 713448108 247 7000SH SOLE 0 7000 0 0
Pfizer, Inc. COM 717081103 218 6716SH SOLE 0 6716 0 0
Pico Holding COM NEW 693366205 1697 137844SH SOLE 0 137844 0 0
Pico Products COM 719884108 0 11000SH SOLE 0 11000 0 0
PIMCO Adv Hldg LP UT LTD PART INT 69338P102 2866 76042SH SOLE 0 76042 0 0
Potomac Electric Pwr COM 737679100 1262 55000SH SOLE 0 55000 0 0
Precision Auto Care Inc. COM 74018R105 710 634241SH SOLE 0 634241 0 0
Prime Retail, Inc. COM 741570105 153 27151SH SOLE 0 27151 0 0
Pulitzer Publishing COM 745771105 9860 244600SH SOLE 0 244600 0 0
Reliant Energy, Inc COM 75952J108 277 12100SH SOLE 0 12100 0 0
Reptron Electronics COM 76026W109 4797 548265SH SOLE 0 548265 0 0
Rohn Industries COM 775381106 435 151600SH SOLE 0 151600 0 0
Safeguard Sci. COM 786449108 1320 8100SH SOLE 0 8100 0 0
Saul Centers COM 804395101 1830 130145SH SOLE 0 130145 0 0
SBC Communications COM 78387G103 743 15233SH SOLE 0 15233 0 0
ServiceMaster Corp. COM 81760N109 571 46387SH SOLE 0 46387 0 0
SFX Entertainment A CL A 784178105 3355 92703SH SOLE 0 92703 0 0
Somanetics Corporation COM NEW 834445405 46 38400SH SOLE 0 38400 0 0
Sonex Research, Inc. COM 835448101 16 35478SH SOLE 0 35478 0 0
Southtrust Corp. COM 844730101 566 14966SH SOLE 0 14966 0 0
Suntrust Banks COM 867914103 619 9000SH SOLE 0 9000 0 0
Synalloy Corp. COM 871565107 634 84500SH SOLE 0 84500 0 0
Tellabs, Inc. COM 879664100 294 4576SH SOLE 0 4576 0 0
Teppco Partners UT LTD PARTNER 872384102 537 27800SH SOLE 0 27800 0 0
Terra Nova ORD CL A G87615103 3139 104649SH SOLE 0 104649 0 0
Time-Warner Inc. COM 887315109 362 5000SH SOLE 0 5000 0 0
Todhunter Int'l. COM 889050100 162 17800SH SOLE 0 17800 0 0
TV Guide Inc A CL A 87307Q109 860 20000SH SOLE 0 20000 0 0
U S West Inc. COM 91273H101 634 8811SH SOLE 0 8811 0 0
United Payors & United ProvideCOM 911319101 2313 139700SH SOLE 0 139700 0 0
United Television COM 913066106 420 3100SH SOLE 0 3100 0 0
Viacom Inc. Cl A CL A 925524100 363 6000SH SOLE 0 6000 0 0
Vodafone ADR Sponsored ADR 92857T107 470 9500SH SOLE 0 9500 0 0
Washington Gas Light COM 938837101 424 15406SH SOLE 0 15406 0 0
Wells Fargo Co. COM 949740104 11144 275572SH SOLE 0 275572 0 0
Wesco Financial Corp COM 950817106 809 3300SH SOLE 0 3300 0 0
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