UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 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: Morgan Dempsey Capital Management, LLC
Address: 1511 W. Market St.
Mequon, WI 53092
13F File Number: 28-6620
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: Gail L. Betzhold
Title: Office Manager
Phone: 414-241-1561
Signature, Place, and Date of Signing:
Gail L. Betzhold Mequon, Wisconsin July 20, 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.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Managers: 0
Form 13F Information Table Entry Total: 75
Form 13F Information Table Value Total: 146,832,982
List of Other Included Managers:
No. 13F File Number Name
<PAGE>
MORGAN DEMPSEY CAPITAL MANAGEMENT, LLC - File #28-6620
FORM 13F
30-Jun-99
<TABLE>
Value Put/ Invest Other Voting Auth
Issuer Class Cusip (000) Sh Call Discre. Mgrs Sole Share None
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ADC TELE. Com 000886101 3674 80645 Sole 80645
AFLAC INC. Com 001055102 3272 68365 Sole 68365
AMER ONLINE Com 02364J104 2977 27065 Sole 27065
AMER HOME Com 02660910 201 3512 Sole 3512
AMER INTL Com 02687410 1053 8983 Sole 8983
ASSOC BANC Com 045487105 256 6175 Sole 6175
AT&T CORP. Com 001957109 234 4207 Sole 4207
AVERY DENN Com 05361110 6096 100970 Sole 100970
BEST BUY Com 086516101 5106 75652 Sole 75652
BIOGEN INC Com 090597105 4580 71225 Sole 71225
BIOMET INC Com 090613100 3917 98555 Sole 98555
BRIST-MYERS Com 11012210 211 3008 Sole 3008
CBS CORP Com 12490K107 241 5550 Sole 5550
CISCO SYS Com 17275R102 941 14611 Sole 14611
COAST CARIB Com 19043220 52 26400 Sole 26400
CTRYWIDE CR Com 22237210 3653 85462 Sole 85462
DCI TELECOM Com 23309420 46 41000 Sole 41000
DELL COMP Com 247025109 602 16275 Sole 16275
DONALD LUFK Com 257661108 3155 52370 Sole 52370
E*TRADE GRP Com 269246104 1611 40360 Sole 40360
EMERSON ELE Com 29101110 250 3975 Sole 3975
EXXON CORP Com 30229010 320 4154 Sole 4154
F&M BANCORP Com 30237110 327 8665 Sole 8665
FIFTH THIRD Com 316773100 213 3205 Sole 3205
FISERV, INC Com 33773810 3832 122393 Sole 122393
FOREST LAB Com 345838106 314 6790 Sole 6790
GENERAL ELE Com 36960410 1227 10867 Sole 10867
GEORGIA PAC Com 373298108 4470 94355 Sole 94355
HARRAH'S Com 413619107 3029 137295 Sole 137295
HOME DEPOT Com 437076102 402 6245 Sole 6245
INTEL CORP Com 45814010 440 7402 Sole 7402
JOHNSON & J Com 47816010 253 2588 Sole 2588
KERR MCGEE Com 492386107 3659 72920 Sole 72920
KOHLS CORP Com 500255104 597 7774 Sole 7774
LASER VISIO Com 51807H100 241 3830 Sole 3830
LCA-VISION Com 501803209 533 57250 Sole 57250
LUCENT TECH Com 54946310 6893 102224 Sole 102224
MANDALAY RESCom 562567107 3613 170555 Sole 170555
MARSHL & IL Com 57183410 3842 59683 Sole 59683
MAXIM INTEG Com 57772K101 5150 77455 Sole 77455
MCI WRLDCOM Com 55268B106 1044 12133 Sole 12133
MEDTRONIC Com 58505510 390 5015 Sole 5015
MERCK & CO Com 58933110 312 4239 Sole 4239
MERR LYNCH Com 590188108 334 4200 Sole 4200
MICROSOFT Com 59491810 869 9638 Sole 9638
MINN MINING Com 60405910 208 2400 Sole 2400
MOLEX, INC. Com 60855410 271 7346 Sole 7346
MORGAN STAN Com 61744644 365 3560 Sole 3560
MOTOROLA Com 620076109 241 2550 Sole 2550
NRTHRN TRST Com 665859104 4016 41405 Sole 41405
OMNICOM GRP Com 68191910 5181 64773 Sole 64773
OSHKOSH TRK Com 688239201 517 10280 Sole 10280
PFIZER INC Com 71708110 368 3380 Sole 3380
PRICE ASSOC Com 74147710 3667 95575 Sole 95575
QUADRAX COR Com 74690540 .5 30000 Sole 30000
RL DUTCH PETCom 78025804 230 3830 Sole 3830
S&P400 MDCP Com 595635103 1405 17920 Sole 17920
SANMINA COR Com 800907107 3636 47930 Sole 47930
SBC COMMUN Com 78387G10 351 6066 Sole 6066
SCHLUMBRGR Com 806857108 398 6250 Sole 6250
SMITHFLD FDSCom 832248108 3045 91085 Sole 91085
SOLECTRON Com 834182107 5567 83480 Sole 83480
SOUTHTRUST Com 844730101 1820 47427 Sole 47427
STAPLES, INCCom 855030102 6137 198396 Sole 198396
STATE St Com 85747710 3405 39890 Sole 39890
SUN MICRO Com 866810104 318 4630 Sole 4630
SUNGARD DATACom 86736310 247 7170 Sole 7170
SYBRON INTL Com 87114F106 493 17905 Sole 17905
TELE & DATA Com 879433100 4217 57680 Sole 57680
TYCO INTL Com 902124106 6782 71586 Sole 71586
USWEB CORP. Com 917327108 3238 145980 Sole 145980
VERITY INC. Com 92343C106 3574 65965 Sole 65965
WALMART Com 931142103 338 7010 Sole 7010
WATSON PHA Com 942683103 216 6170 Sole 6170
WEYERHAUSER Com 962166104 2115 30765 Sole 30765
146832
</TABLE>
