UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 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: 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 April 30, 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 Managers: 0
Form 13F Information Table Entry Total: 73
Form 13F Information Table Value Total: 150,134,903
List of Other Included Managers:
No. 13F File Number Name
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<TABLE>
Title of Market Investment Discretion Voting Authority
Security Class Cusip Value Quantity Sole Share Other Managers Sole Share None
<S> <C> <C> <C> <C> <C> <C>
ADC TELECOMMUNICATIONS INC. Com 000886101 3,694,589 77,475 X 77475
AFLAC INC. Com 001055102 3,694,129 67,860 X 67860
AMERICA ONLINE Com 02364J104 8,394,435 57,105 X 57,105
AMERICAN HOME PRODS CORP Com 02660910 229,158 3,512 X 3,512
AMERICAN INTL GROUP COM Com 02687410 3,760,364 31,174 X 31,174
AMERITECH CORP Com 03095410 295,559 5,129 X 5,129
ASCEND COMMUNICATIONS Com 043491109 4,289,821 51,260 X 51,260
AVERY DENNISON CORP COM Com 05361110 5,810,375 101,050 X 101,050
BEST BUY INC. Com 086516101 6,004,544 115,472 X 115,472
BIOGEN INC Com 090597105 3,971,216 34,740 X 34,740
BIOMET INC COM Com 090613100 4,102,117 97,815 X 97,815
BMC SOFTWARE INC COM Com 05592110 222,746 6,010 X 6,010
CADENCE DESIGN SYS INC COM Com 127387108 2,507,664 97,385 X 97,385
CBS CORPORATION Com 12490K107 226,509 5,550 X 5,550
CENTURY TELEPHONE ENTERPRISES Com 156686107 3,820,546 54,385 X 54,385
CISCO SYS INC COM Com 17275R102 598,321 5,461 X 5,461
CITIGROUP, INC. Com 172967101 295,422 4,625 X 4,625
COASTAL CARIBBEAN OIL & MIN Com 19043220 39,600 26,400 X 26,400
COUNTRYWIDE CR IND DEL COM Com 22237210 2,969,813 79,195 X 79,195
CVS CORP. Com 126650100 3,452,538 72,685 X 72,685
DCI TELECOMMUNICAITONS INC Com 23309420 133,250 41,000 X 41,000
DELL COMPUTER CORP COM Com 247025109 389,130 9,520 X 9,520
DONALDSON LUFKIN & JENRETTE Com 257661108 3,615,143 51,830 X 51,830
EMERSON ELEC CO COM Com 291011104 210,427 3,975 X 3,975
EXXON CORP Com 30229010 293,117 4,154 X 4,154
F&M BANCORPORATION Com 30237110 285,945 8,665 X 8,665
FIFTH THIRD BANCORP Com 316773100 380,459 5,770 X 5,770
FISERV, INC. Com 33773810 4,305,605 80,291 X 80,291
FOREST LABORATORIES -CLA Com 345838106 5,183,963 91,955 X 91,955
GENERAL ELEC CO Com 36960410 1,202,162 10,867 X 10,867
GEORGIA PACIFIC CORP. Com 373298108 3,460,050 46,600 X 46,600
HEALTH MGMT ASSOCIATES INC-A Com 42193310 407,392 33,427 X 33,427
HOME DEPOT Com 437076102 380,659 6,115 X 6,115
INTEL CORP Com 45814010 429,852 3,616 X 3,616
JOHNSON & JOHNSON Com 47816010 236,836 2,533 X 2,533
KOHLS CORP Com 500255104 396,546 5,595 X 5,595
LASER VISION CENTER, INC. Com 51807H100 306,716 8,045 X 8,045
LUCENT TECHNOLOGIES Com 54946310 964,116 8,927 X 8,927
MARSHALL & ILSLEY CORP Com 57183410 213,157 3,845 X 3,845
MAXIM INTEGRATED PRODUCTS INC Com 57772K101 4,142,728 76,540 X 76,540
MCI WORLDCOM Com 55268B106 1,048,846 11,843 X 11,843
MEDTRONIC INC COM Com 58505510 355,781 4,950 X 4,950
MERCK & CO INC Com 58933110 387,725 4,839 X 4,839
MERRILL LYNCH & CO INC COM Com 590188108 336,300 3,800 X 3,800
MICROSOFT CORP Com 59491810 931,204 10,390 X 10,390
MOLEX, INC. Com 60855410 215,789 7,346 X 7,346
MORGAN STANLEY DEAN WITTER Com 61744644 355,778 3,560 X 3,560
NORTH FORK BANKCORPORATION Com 65942410 2,615,993 123,834 X 123,834
NORTHERN TRUST CORP. Com 665859104 3,616,445 40,720 X 40,720
OMNICOM GROUP INC Com 68191910 7,234,184 90,498 X 90,498
OSHKOSH TRUCK CORP. Com 688239201 316,063 9,725 X 9,725
PFIZER INC COM Com 71708110 371,850 2,680 X 2,680
PHARMACEUTICAL PRODUCTS Com 717124101 2,832,507 84,395 X 84,395
PRICE (T. ROWE) ASSOCIATES Com 74147710 3,249,984 94,545 X 94,545
QUADRAX CORP Com 74690540 270 30,000 X 30,000
ROYAL DUTCH PETROLEUM Com 78025804 205,400 3,950 X 3,950
S&P 400 MIDCAP DEP RECPT Com 595635103 1,664,496 24,145 X 24,145
SAFEWAY, INC. Com 78651420 3,748,994 73,062 X 73,062
SBC COMMUNICATIONS INC Com 78387G10 286,239 6,066 X 6,066
SCHLUMBERGER LTD. Com 806857108 376,172 6,250 X 6,250
SOLECTRON CORP. Com 834182107 3,996,937 82,305 X 82,305
SOUTHTRUST CORP. Com 844730101 2,067,486 55,410 X 55,410
STAPLES, INC. Com 855030102 6,525,063 198,481 X 198,481
STATE STREET BOSTON CORP Com 85747710 3,234,481 39,325 X 39,325
SUN MICROSYSTEMS INC. Com 866810104 234,492 1,875 X 1,875
SUNGARD DATA SYSTEMS INC Com 86736310 3,837,600 95,940 X 95,940
SYBRON INTL CORP-WISCONSIN Com 87114F106 307,625 12,305 X 12,305
TELEPHONE & DATA SYSTEMS Com 879433100 3,128,531 55,495 X 55,495
TYCO INTL Com 902124106 5,183,296 72,241 X 72,241
USWEB CORP. Com 917327108 3,891,319 94,335 X 94,335
WALMART STORES INC. Com 931142103 281,633 3,055 X 3,055
WATSON PHARMACEUTICALS Com 942683103 272,251 6,170 X 6,170
WEYERHAUSER CO. Com 962166104 1,707,458 30,765 X 30,765
150,134,903
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