UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 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 October 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.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Managers: 0
Form 13F Information Table Entry Total: 72
Form 13F Information Table Value Total: 136,405,569
List of Other Included Managers:
No. 13F File Number Name
<PAGE>
MORGAN DEMPSEY CAPITAL MANAGEMENT, LLC - File #28-6620
FORM 13F
September 30, 1999
Title of Market Investment Discretion
Voting Authority
Security Class Cusip Value Quantity Sole Share Other Managers
Sole Share None
ADC TELECOMMUNIC Com 000886101 3,413,503 81,395 X
81,395
AFLAC INC. Com 001055102 2,833,891 67,675 X
67,675
AMERICA ONLINE Com 02364J104 2,857,036 27,455 X
27,455
AMERICAN EXPRESS Com 025816109 217,215 1,609 X
1,609
AMERICAN INTL GR Com 02687410 966,919 11,122 X
11,122
AVERY DENNISON C Com 05361110 3,213,266 60,915 X
60,915
BEST BUY INC. Com 086516101 4,805,434 77,507 X
77,507
BIOGEN INC Com 090597105 3,376,328 42,840 X
42,840
BIOMET INC COM Com 090613100 219,446 8,340 X
8,340
BRISTOL-MYERS SQ Com 11012210 301,928 4,473 X
4,473
CISCO SYS INC CO Com 17275R102 1,053,189 15,361 X
15,361
COASTAL CARIBBEA Com 19043220 37,950 26,400 X
26,400
COUNTRYWIDE CR I Com 22237210 2,701,002 83,752 X
83,752
DELL COMPUTER CO Com 247025109 617,780 14,775 X
14,775
DONALDSON LUFKIN Com 257661108 2,085,537 52,715 X
52,715
E*TRADE GROUP IN Com 269246104 659,763 28,075 X
28,075
EMERSON ELECTRIC Com 29101110 244,852 3,875 X
3,875
EXXON CORP Com 30229010 306,280 4,030 X
4,030
F&M BANCORPORATI Com 30237110 280,259 8,065 X
8,065
FISERV, INC. Com 33773810 4,037,995 124,246 X
124,246
GENERAL ELEC CO Com 36960410 1,219,652 10,287 X
10,287
GEORGIA PACIFIC Com 373298108 3,850,257 95,215 X
95,215
HARRAH'S ENTRTAI Com 413619107 3,910,391 140,915 X
140,915
HOME DEPOT Com 437076102 428,563 6,245 X
6,245
INTEL CORP Com 45814010 527,767 7,102 X
7,102
INTL BUSINESS MA Com 459200101 447,700 3,700 X
3,700
JABIL CIRCUIT IN Com 478160104 2,897,978 58,545 X
58,545
JOHNSON & JOHNSO Com 47816010 256,148 2,788 X
2,788
KERR MCGEE Com 492386107 4,283,863 77,800 X
77,800
KOHLS CORP Com 500255104 511,741 7,739 X
7,739
LCA-VISION INC. Com 501803209 372,938 70,200 X
70,200
LUCENT TECHNOLOG Com 54946310 6,405,044 98,729 X
98,729
MANDALAY RESORT Com 562567107 3,418,133 173,070 X
173,070
MARSHALL & ILSLE Com 57183410 3,488,117 61,128 X
61,128
MAXIM INTEGRATED Com 57772K101 4,845,285 76,795 X
76,795
MCI WORLDCOM Com 55268B106 924,169 12,858 X
12,858
MEDTRONIC INC CO Com 58505510 356,692 10,030 X
10,030
MERCK & CO INC Com 58933110 269,555 4,159 X
4,159
MERRILL LYNCH & Com 590188108 282,975 4,200 X
4,200
MICROSOFT CORP Com 59491810 914,500 10,098 X
10,098
MOLEX, INC. Com 60855410 265,392 7,296 X
7,296
MORGAN STANLEY D Com 61744644 309,481 3,470 X
3,470
MOTOROLA INC. Com 620076109 224,400 2,550 X
2,550
NATIONAL COMPUTE Com 635519101 3,192,501 83,260 X
83,260
NEXELL THERAPEUT Com 65332H104 36,719 25,000 X
25,000
NOBLE DRILLING C Com 655042109 2,910,359 133,045 X
133,045
NORTHERN TRUST C Com 665859104 3,469,008 41,545 X
41,545
OMNICOM GROUP IN Com 68191910 4,889,670 61,748 X
61,748
ORACLE SYSTEMS C Com 68389x105 337,610 7,420 X
7,420
OSHKOSH TRUCK CO Com 688239201 405,206 15,219 X
15,219
PFIZER INC COM Com 71708110 323,951 9,030 X
9,030
PROCTOR & GAMBLE Com 742718109 231,281 2,467 X
2,467
QUADRAX CORP Com 74690540 270 30,000 X
30,000
ROYAL DUTCH PETR Com 78025804 226,209 3,830 X
3,830
S&P 400 MIDCAP D Com 595635103 1,731,902 24,117 X
24,117
SANMINA CORP. Com 800907107 3,798,726 49,095 X
49,095
SBC COMMUNICATIO Com 78387G10 309,745 6,066 X
6,066
SCHLUMBERGER LTD Com 806857108 571,717 9,175 X
9,175
SMITHFIELD FOODS Com 832248108 2,685,433 100,390 X
100,390
SOLECTRON CORP. Com 834182107 3,370,879 46,940 X
46,940
SOUTHTRUST CORP. Com 844730101 1,692,654 47,182 X
47,182
STAPLES, INC. Com 855030102 301,711 13,832 X
13,832
STATE STREET BOS Com 85747710 2,480,954 38,390 X
38,390
SUN MICROSYSTEMS Com 866810104 713,775 7,675 X
7,675
SYBRON INTL CORP Com 87114F106 481,197 17,905 X
17,905
SYMANTEC CORP. Com 871503108 3,331,965 92,635 X
92,635
TELEPHONE & DATA Com 879433100 5,242,158 59,025 X
59,025
TYCO INTL Com 902124106 7,163,594 69,381 X
69,381
USWEB CORP. Com 917327108 4,969,823 144,840 X
144,840
VERITY INC. Com 92343c106 4,581,192 66,575 X
66,575
WALMART STORES I Com 931142103 542,213 11,400 X
11,400
WEYERHAUSER CO. Com 962166104 1,772,833 30,765 X
30,765
136,405,569
