UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 8)
WELLCO ENTERPRISES, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $1.00 PER SHARE
(Title of Class of Securities)
949476105
(CUSIP Number)
James T. Emerson
482 Cedarbrook Drive
Danville, Virginia 24541
804-799-0878
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
DECEMBER 31, 1999
(Date of Event Which Requires Filing
of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the subject of
this Schedule 13D, and is filing this schedule because of Rule
13d-1(b)(3) or (4), check the following box: [ ].
Check the following box if a fee is being paid with the
statement: [ ]. (A fee is not required only if the reporting
person: (1) has a previous statement on file reporting beneficial
ownership of more than five percent of the class of securities
described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of
such class.)
The information required on the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18
of the Securities Exchange Act of 1934 (the "Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act.
(Continued on following pages)
CUSIP No.949476105
_______________________________________________________________
1) Names of Reporting Persons/S. S. or I. R. S. Identifi-
cation Nos. of Above Persons:
James T. Emerson
_______________________________________________________________
2) Check the Appropriate Box if a Member of a Group
(See Instructions):
(a)
(b)
_______________________________________________________________
3) SEC Use Only:
_______________________________________________________________
4) SOURCE OF FUNDS*
_______________________________________________________________
5) Check Box if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(d) or 2(E).
_______________________________________________________________
6) Citizenship or Place of Organization:
United States of America
_______________________________________________________________
Number of (7) Sole Voting Power: 737,072.44
Shares Bene-
ficially (8) Shared Voting Power: -0-
Owned by
Each Report- (9) Sole Dispositive Power: 737,072.44
ing Person
With (10) Shared Dispositive Power: -0-
_______________________________________________________________
11) Aggregate Amount Beneficially Owned by Each Reporting
Person:
737,072.44
_______________________________________________________________
12) Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions):
_______________________________________________________________
13) Percent of Class Represented by Amount in Row 9:
58.00%
_______________________________________________________________
14) Type of Reporting Person (See Instructions):
IN
_______________________________________________________________
<PAGE>
Pursuant to Rule 13d-1 of Regulation 13D-G of the General
Rules and Regulations under the Securities Exchange Act of 1934,
as amended (the "Act"), the undersigned hereby files this
Amendment No. 8 to Schedule 13D Statement dated February 14,
2000, relating to the Common Stock, par value $1.00 per share
(the "Common Stock"), of Wellco Enterprises, Inc. (the
"Company").
Item 1. SECURITY AND ISSUER.
No Change
Item 2. IDENTITY AND BACKGROUND.
Information regarding the identity and background of the
persons reporting pursuant to this Schedule 13D statement
(together, the "Reporting Person") are as follows:
(a) The name of the Reporting Person is James T. Emerson
(b) The residence address of the Reporting Person is:
482 Cedarbrook Drive
Danville, Virginia 24541
(c) The Reporting Person currently is retired.
(d) The Reporting Person has not, during the last five
years, been convicted in a criminal proceeding
(excluding traffic violations or other similar
misdemeanors).
(e) The Reporting Person has not, during the last five
years, been a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction and
the Reporting Person is not or has not been subject to
a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding
any violation with respect to such laws.
(f) The Reporting Person is a citizen of the United States
of America.
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
No Change
Item 4. PURPOSE OF TRANSACTION.
No Change
Item 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The Reporting Person beneficially owns 737,072.244
shares of Common Stock, or 58.00% of the number of shares
outstanding on December 31, 1999.
(b) The number of shares of Common Stock reported as
beneficially owned by the Reporting Person in this
Schedule 13D statement includes 737,072.44 shares owned
directly by Mr. Emerson as to which he has sole voting
and investment powers.
(c) The Reporting Person has purchased directly 13,700
shares of common stock of the Issuer
during the 60 days preceding the filing of this
Amendment No. 8 to Schedule 13D.
(d) Mr. Emerson has the right to receive dividends from, or
the proceeds from the sale of the shares of Common
Stock owned directly by him.
(e) N/A
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE
ISSUER.
No Change
Item 7. MATERIAL TO BE FILED AS EXHIBITS.
No Change
<PAGE>
After reasonable inquiry and to the best of my knowledge and
belief, that the information set forth in this statement is true,
complete and correct.
February 14, 2000 /s/ JAMES T. EMERSON
