SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
WELLCO ENTERPRISES, INC.
(Name of Issuer)
Common Stock, par value $1.00
(Title of class of securities)
949476.105
(CUSIP Number)
Check the appropriate box to designate the rule pursuant to which
this statement is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
<PAGE>
Schedule 13G Page 2 of 4 Pages
CUSIP No.949476.105
_______________________________________________________________
1) Names of Reporting Persons/I. R. S. Identifi-
cation Nos. of Above Persons (Entities Only):
Horace R. Auberry
_______________________________________________________________
2) Check the Appropriate Box if a Member of a Group:
(a)
(b)
_______________________________________________________________
3) SEC Use Only:
_______________________________________________________________
4) Citizenship or Place of Organization:
United States
_______________________________________________________________
Number of (5) Sole Voting Power: 104,065
Shares Bene-
ficially (6) Shared Voting Power: 1,540
Owned by
Each Report- (7) Sole Dispositive Power 104,065
ing Person
With (8) Shared Dispositive Power: 1,540
_______________________________________________________________
9) Aggregate Amount Beneficially Owned by Each Reporting
Person: 105,605
_______________________________________________________________
10) Check if the Aggregate Amount in Row (9) Excludes
Certain Shares:
_______________________________________________________________
11) Percent of Class Represented by Amount in Row 9:
8.3%
_______________________________________________________________
12) Type of Reporting Person:
IN
_______________________________________________________________
<PAGE>
Schedule 13G (continued) Page 3 of 4 Pages
Item 1(a): Name of Issuer: WELLCO ENTERPRISES, INC.
Item 1(b): Address of Issuer's Principal Executive Offices:
150 Westwood Circle
Waynesville, NC 28786
Item 2(a): Name of Person Filing: Horace R. Auberry
Item 2(b): Address of Principal Business Office or, if none,
Residence:
150 Westwood Circle
Waynesville, NC 28786
Item 2(c): Citizenship: U. S.
Item 2(d): Title of Class of Securities:
Common Stock, par value $1.00 per share
Item 2(e): CUSIP Number: 949476.105
Item 3: N/A
Item 4: Ownership:
(a) Amount beneficially owned
105,605 shares, of which 104,065 shares are owned
directly, including 31,600 shares which Mr. Auberry may
acquire under stock options, and of which 1,540 shares
are owned jointly with his spouse.
(b) Percent of Class: 8.3%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the
vote: 104,065
(ii) Shared power to vote or to direct the
vote: 1,540
(iii) Sole power to dispose or to direct the
disposition of: 104,065
(iv) Shared power to dispose or to direct the
disposition of: 1,540
Item 5: Ownership of Five Percent or Less of a Class: N/A
Item 6: Ownership of More than Five Percent on Behalf of
Another Person: N/A
Item 7: Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the
Parent Holding Company: N/A
<PAGE>
Schedule 13G (continued) Page 4 of 4 Pages
Item 8: Identification and Classification of Members of the
Group: N/A
Item 9: Notice of Dissolution of Group: N/A
Item 10: Certification: N/A
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
Date: February 14, 2000 /s/HORACE R. AUBERRY
Name: Horace R. Auberry
