UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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: Keeley Asset Management Corp.
Address: 401 S. LaSalle Street
Suite 1201
Chicago, IL 60605
13F File Number: 28-6810
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: John L. Keeley, Jr.
Title: President
Phone: 312-786-5000
Signature, Place, and Date of Signing:
John L. Keeley, Jr., Chicago, IL, August 13, 1999
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT
List of other Managers Reporting for this Manager:
None
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 Included Managers: 0
Form 13F Information Table Entry Total: 178
Form 13F Information Table Value Total: 576,059
List of Other Included Managers:
None
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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS Cusip (X$1000PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
AG Services Amer Inc COM 001250109 3556 206150SH SOLE 133550 0 72600
AT&T Corp Liberty Group A COM 001957208 838 22800SH SOLE 22800 0 0
Ackerley Group Inc COM 004527107 1809 99450SH SOLE 99450 0 0
AC Neilson COM 004833109 454 15000SH SOLE 0 0 15000
Alleghany Corp COM 017175100 2958 15991SH SOLE 7909 0 8082
Allegheny Teledyne Inc COM 017415100 611 27000SH SOLE 0 0 27000
Alliance Bancorp COM 01852j105 2910 125150SH SOLE 87050 0 38100
Alltrista Corp COM 020040101 7243 219500SH SOLE 122400 0 97100
American Financial Group Inc.COM 025932104 5457 160200SH SOLE 72900 0 87300
Anacomp Inc - Del COM 032371106 1208 71000SH SOLE 51500 0 19500
Aqua Alliance Inc Cl A CL A 038367108 455 291200SH SOLE 291200 0 0
Arch Chemicals Inc. COM 03937r102 2961 121800SH SOLE 56800 0 65000
Associated Group Inc. Cl.A CL A 045651106 7327 112500SH SOLE 64500 0 48000
Avalon Holdings Corp. Cl A CL A 05343p109 1038 153700SH SOLE 110200 0 43500
Barra Inc. COM 068313105 3300 130700SH SOLE 81200 0 49500
Boston Private Financial HldgCOM 101119105 1584 211100SH SOLE 140100 0 71000
BostonFed Bancorp, Inc COM 101178101 197 11000SH SOLE 11000 0 0
Bowne & Co Inc COM 103043105 401 30000SH SOLE 30000 0 0
Bradlees Inc. COM 104499207 1400 93300SH SOLE 69300 0 24000
Brookline Bancorp Inc COM 113739106 3053 264020SH SOLE 162120 0101900
CBS Inc COM 12490k107 7406 170000SH SOLE 72400 0 97600
CFS Bancorp COM 12525d102 3487 318800SH SOLE 196300 0122500
CSX Corp COM 126408103 2850 62800SH SOLE 31400 0 31400
Cuno Inc COM 126583103 1840 96250SH SOLE 65750 0 30500
CVS Corp COM 126650100 5821 114700SH SOLE 44400 0 70300
Capitol Federal Financial COM 14057c106 3590 343900SH SOLE 214400 0129500
Chemed Corp COM 163596109 6180 185860SH SOLE 94260 0 91600
Chesapeake Corp COM 165159104 955 25500SH SOLE 19500 0 6000
Chicago Title COM 168228104 6379 178750SH SOLE 85350 0 93400
Choice Hotels Holding Inc COM 169905106 9559 484000SH SOLE 235300 0248700
Chris Craft COM 170520100 3932 83449SH SOLE 29335 0 54114
Cincinnati Bell COM 171870108 4501 180500SH SOLE 57400 0123100
Cincinnati Financial COM 172062101 3272 87100SH SOLE 32500 0 54600
Citigroup Inc COM 172967101 1817 38250SH SOLE 7500 0 30750
Citizens Utilities Co. Cl B CL B 177342201 10423 936858SH SOLE 429355 0507503
Coinmach Laundry Corp COM 19259L101 2789 219850SH SOLE 140550 0 79300
Commercial Intertech Corp COM 201709102 1323 83000SH SOLE 66000 0 17000
CompUSA COM 204932107 242 32500SH SOLE 32500 0 0
Conexant Systems Inc. COM 207142100 5058 87100SH SOLE 29100 0 58000
Covance Inc COM 222816100 5300 221400SH SOLE 81300 0140100
Cox Communications, Inc Cl A CL A 224044107 6424 174500SH SOLE 98000 0 76500
Cypress Semiconductor Corp. COM 232806109 257 15000SH SOLE 15000 0 0
Deltic Timber Corp COM 247850100 3551 131850SH SOLE 84950 0 46900
Detroit Diesel COM 250837101 222 9000SH SOLE 9000 0 0
Duff & Phelps Credit Rating CCOM 26432F109 2876 43000SH SOLE 43000 0 0
Earthgrains Co COM 270319106 4169 161500SH SOLE 107000 0 54500
Emcor Group COM 29084Q100 4015 159400SH SOLE 100300 0 59100
Equitable Cos COM 29444G107 5863 87500SH SOLE 38500 0 49000
Evergreen Resource Inc. COM 299900308 2108 83700SH SOLE 68500 0 15200
Fairchild Corp. Cl A CL A 303698104 2420 189800SH SOLE 102000 0 87800
Federal Agric Mtg Corp Cl C CL C 313148306 5935 86490SH SOLE 62590 0 23900
Federated Dept Store Ser C WtWT C EX 121999 31410H119 221 8000SH SOLE 8000 0 0
Finova Group Inc COM 317928109 6093 115800SH SOLE 45900 0 69900
Flowers Inds. COM 343496105 3180 146600SH SOLE 70900 0 75700
Fortune Brands COM 349631101 6122 147970SH SOLE 57170 0 90800
Furniture Brands Int'l Inc COM 360921100 1793 90600SH SOLE 45300 0 45300
GA Financial Inc COM 361437106 146 10000SH SOLE 10000 0 0
GC Companies COM 36155Q109 4069 113800SH SOLE 75400 0 38400
Gabelli Asset Management Inc.COM 36239y102 213 13500SH SOLE 13500 0 0
Gaylord Entmt Co. COM 367905106 6494 216455SH SOLE 102455 0114000
General Cigar Holdings Inc ClCL A 36933p100 82 10500SH SOLE 10500 0 0
Getty Petroleum Marketing IncCOM 374292100 566 188800SH SOLE 188800 0 0
Getty Realty Corporation COM 374297109 2328 161900SH SOLE 119500 0 42400
Global Marine CL A 379352404 279 18000SH SOLE 18000 0 0
Golden States Bancorp Wts ExpCOM 381197128 334 27000SH SOLE 27000 0 0
Greif Bros Corp Cl. A COM 397624107 1094 42900SH SOLE 28500 0 14400
Griffon Corp CL A 398433102 2227 285000SH SOLE 192100 0 92900
Hambrecht & Quist Group COM 406545103 343 9300SH SOLE 9300 0 0
Harcourt General COM 41163G101 4821 93500SH SOLE 41200 0 52300
Harbor FL Bancshares COM 411901101 1467 119700SH SOLE 74000 0 45700
Harris Financial Inc COM 414541102 130 12000SH SOLE 12000 0 0
Hartford Financial Svcs GroupCOM 416515104 5895 101100SH SOLE 35600 0 65500
Hearst-Argyle Television COM 422317107 2479 103300SH SOLE 50300 0 53000
Homebase Inc COM 43738e108 2906 460300SH SOLE 295900 0164400
Host Marriott Svcs Corp COM 440914109 5454 671280SH SOLE 367530 0303750
Hudson River Bancorp Inc COM 444128102 2141 192500SH SOLE 141500 0 51000
Hussmann Intl Inc COM 448110106 6554 395700SH SOLE 198700 0197000
I C H Corp. COM 44926L300 1675 115000SH SOLE 97000 0 18000
IBIS Technology Corp COM 450909106 251 7500SH SOLE 7500 0 0
ITT Indus Inc - Indiana COM 450911102 5399 141600SH SOLE 63700 0 77900
Infinity Broadcasting Corp ClCL A 45662s102 207 7000SH SOLE 7000 0 0
Information Resources Inc COM 456905108 2232 255050SH SOLE 158750 0 96300
International Rectifier COM 460254105 333 25000SH SOLE 25000 0 0
Investment Technology COM 46145f105 2731 85000SH SOLE 55900 0 29100
Jacor Communications Wts 9/18COM 469858138 421 38300SH SOLE 38300 0 0
Jefferies Group Inc. WT EXP 091801 472318104 3779 130300SH SOLE 87800 0 42500
Justin Industries Inc COM 482171105 746 107000SH SOLE 53500 0 53500
Kansas City Southern Ind Inc COM 485170104 14256 223400SH SOLE 118700 0104700
Katy Inds COM 486026107 1935 148900SH SOLE 119800 0 29100
Kaufman & Broad Home Corp COM 486168107 5443 218800SH SOLE 109500 0109300
Lehman Bros Hldgs Inc COM 524908100 7219 116200SH SOLE 51100 0 65100
Lennar Corp COM 526057104 7739 322446SH SOLE 146496 0175950
Limited Inc COM 532716107 5623 123911SH SOLE 53507 0 70404
Lone Star Indus. COM 542290408 1773 47200SH SOLE 29700 0 17500
Lone StarStkhse COM 542307103 185 19000SH SOLE 19000 0 0
M & F Worldwide Corp COM 552541104 2587 326000SH SOLE 218500 0107500
MDC Holdings COM 552676108 1806 84000SH SOLE 62500 0 21500
Marriott Intl Cl A CL A 571903202 5292 141600SH SOLE 51800 0 89800
Martin Marietta Mater COM 573284106 5711 96800SH SOLE 34000 0 62800
Masco Corp. COM 574599106 5368 185900SH SOLE 84500 0101400
Media Gen Inc. Cl A CL A 584404107 6400 125500SH SOLE 53400 0 72100
Meredith Corp. COM 589433101 5820 168100SH SOLE 67900 0100200
Meristar Hotels & Resorts COM 589988104 399 116200SH SOLE 116200 0 0
Meritor Auto Inc COM 59000g100 5154 202100SH SOLE 77000 0125100
Midas Inc COM 595626102 7289 256883SH SOLE 129583 0127300
Mony Group Inc. COM 615337102 10409 319050SH SOLE 164650 0154400
Moog Inc. Cl A CL A 615394202 873 25400SH SOLE 16500 0 8900
Moog Inc. Cl B CL B 615394301 428 10500SH SOLE 10500 0 0
Morgan Group Cl A CL A 617358106 668 76300SH SOLE 76300 0 0
Morrison Health Care Inc COM 61841l108 2219 88750SH SOLE 56050 0 32700
Morrison Knudsen Corp COM 61844a109 3172 307600SH SOLE 192400 0115200
Motivepower Industries Inc COM 61980k101 1346 72750SH SOLE 52500 0 20250
Nasdaq 100 Tr SER I UNIT 631100104 692 6000SH SOLE 6000 0 0
Nathans Famous Inc COM 632347100 297 82000SH SOLE 82000 0 0
Niagara Bancorp Inc COM 652914102 2481 233500SH SOLE 121800 0111700
Nielsen Media Research Inc COM 653929307 4527 154774SH SOLE 112274 0 42500
Nortek Inc COM 656559101 3319 106000SH SOLE 70400 0 35600
Northwest Bancorp Inc COM 667328108 385 38500SH SOLE 38500 0 0
Ocean Financial Corp COM 674904107 653 36000SH SOLE 36000 0 0
On Command Corp COM 682160106 1833 104000SH SOLE 62000 0 42000
Oregon Trail Financial COM 685932105 319 25000SH SOLE 25000 0 0
PFF Bancorp Inc COM 69331W104 497 26500SH SOLE 26500 0 0
Pico Holdings Inc. COM 693366205 3727 147250SH SOLE 106550 0 40700
Paxson Communications Corp COM 704231109 3543 277900SH SOLE 161900 0116000
Pennfed Financial Services InCOM 708167101 158 10000SH SOLE 10000 0 0
Pennzoil Quaker State COM 709323109 6385 425650SH SOLE 236083 0189567
Penton Media Inc COM 709668107 7158 295175SH SOLE 164475 0130700
Peoples Bank Bridgeport CT COM 710198102 4237 139200SH SOLE 86200 0 53000
Pepsico Inc COM 713448108 5500 142150SH SOLE 51250 0 90900
Philip Morris COM 718154107 322 8000SH SOLE 8000 0 0
Phoenix Investment Partners LCOM 719085102 3772 437300SH SOLE 280600 0156700
Pioneer Group Inc COM 723684106 3704 214700SH SOLE 118200 0 96500
Pittston Brinks Group COM 725701106 3170 118500SH SOLE 64200 0 54300
Pittway Intl Inc Cl A CL A 725790208 8536 249690SH SOLE 140990 0108700
Plains Res Inc COM 726540503 257 13500SH SOLE 4000 0 9500
Premark Intl. COM 740459102 5198 138600SH SOLE 74000 0 64600
Price Communications COM 741437305 2873 191550SH SOLE 121550 0 70000
Primesource Corp COM 741593107 1676 273500SH SOLE 188000 0 85500
Providence & Worcester RR COM 743737108 2696 190900SH SOLE 145300 0 45600
Provident Finl Holding Inc COM 743868101 670 33500SH SOLE 33500 0 0
Pulitzer Pubg Co COM 745769109 3805 78350SH SOLE 46450 0 31900
Qwest Comm Intl COM 749121109 265 8000SH SOLE 8000 0 0
RH Donnelly Corp. COM 74955w307 4031 206050SH SOLE 124950 0 81100
RPC Inc COM 749660106 88 10000SH SOLE 10000 0 0
Ralcorp Holdings Inc COM 751028101 3555 220500SH SOLE 151100 0 69400
Reliance Group Holdings COM 759464100 149 20000SH SOLE 20000 0 0
Roslyn Bancorp COM 778162107 2960 172200SH SOLE 137200 0 35000
SBC Communications COM 78387g103 232 4000SH SOLE 4000 0 0
S F X Entertainment CL A 784178105 1054 16475SH SOLE 16475 0 0
St. Joe Corp. COM 790148100 3685 136500SH SOLE 69900 0 66600
Sea Containers Ltd Cl. A CL A 811371707 3247 96750SH SOLE 64450 0 32300
7-Eleven Inc. COM 817826100 158 71000SH SOLE 71000 0 0
Shaw Inds COM 820286102 5261 300600SH SOLE 110200 0190400
Sodexho Marriott Svcs COM 833793102 4204 219100SH SOLE 72000 0147100
Sovereign Bancorp Inc COM 845905108 121 10000SH SOLE 10000 0 0
Sprint Corp PCS Group Ser I COM 852061506 9213 161625SH SOLE 73125 0 88500
Sunburst Hospitality Corp COM 866948102 683 111500SH SOLE 111500 0 0
Superior Natl Insurance GroupCOM 868224106 545 20000SH SOLE 20000 0 0
Tasty Baking COM 876553306 2655 215600SH SOLE 136200 0 79400
Thomas Indust COM 884425109 2409 117500SH SOLE 117500 0 0
Tricon Global Restaurants IncCOM 895953107 6512 120300SH SOLE 54200 0 66100
U S Can Corp. COM 90328w105 3669 164900SH SOLE 104200 0 60700
Union Pacific Corp COM 907818108 5426 93050SH SOLE 48050 0 45000
Union Pacific Resources GroupCOM 907834105 253 15500SH SOLE 15500 0 0
US Home Corp COM 911920106 5474 154200SH SOLE 57800 0 96400
US Industries Inc COM 912080108 5821 342400SH SOLE 158900 0183500
Unitrin Inc COM 913275103 10474 255450SH SOLE 122650 0132800
Unova Inc COM 91529b106 6546 412350SH SOLE 187350 0225000
Varian Semiconductor EquipmenCOM 922207105 216 12700SH SOLE 12700 0 0
Viacom Inc Wts Cl E WT EXP 070799 925524134 244 13200SH SOLE 13200 0 0
Viad Corp COM 92552R109 4694 151700SH SOLE 66800 0 84900
WMS Inds COM 929297109 3060 180000SH SOLE 140000 0 40000
Waddell & Reed Fin Cl A CL A 930059100 7922 287406SH SOLE 144106 0143300
Wal Mart Stores COM 931142103 458 9500SH SOLE 9500 0 0
Walter Industries COM 93317Q105 5616 434125SH SOLE 217125 0217000
Western Wireless Corp Cl A CL A 95988e204 270 10000SH SOLE 10000 0 0
Whitman Corp. COM 96647r107 7249 402700SH SOLE 147500 0255200
Zale Corp COM 988858106 7616 190400SH SOLE 102000 0 88400
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