UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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: 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, November 10, 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: 172
Form 13F Information Table Value Total: 537,892
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 CLASSCUSIP (X $100PRN AMTPRN CALLDSCRETN MANAGERS SOLE SHARED NONE
AG Services Amer Inc COM 001250109 3605 235450SH SOLE 153350 0 82100
AT&T Corp Liberty Media GrCL A 001957208 1645 44100SH SOLE 30100 0 14000
AXA Financial Inc COM 002451102 5079 91000SH SOLE 40500 0 50500
Ackerley Group Inc COM 004527107 1274 103450SH SOLE 103450 0 0
AC Neilson COM 004833109 832 36700SH SOLE 5700 0 31000
Alleghany Corp COM 017175100 2981 16841SH SOLE 8009 0 8832
Allegheny Teledyne Inc COM 017415100 540 32000SH SOLE 0 0 32000
Alliance Bancorp COM 01852j105 2561 130500SH SOLE 86000 0 44500
Alltrista Corp COM 020040101 5862 224400SH SOLE 124800 0 99600
American Financial Group ICOM 025932104 4594 163700SH SOLE 76400 0 87300
America National Can COM 027714104 3267 206650SH SOLE 159650 0 47000
Anacomp Inc - Del COM 032371106 2225 135100SH SOLE 106100 0 29000
Arch Chemicals Inc. COM 03937r102 2177 134500SH SOLE 61000 0 73500
Associated Group Inc. Cl.ACL A 045651106 6685 110500SH SOLE 62500 0 48000
Avalon Holdings Corp. Cl ACL A 05343p109 1130 201000SH SOLE 119500 0 81500
BWAY Corp. COM 056039100 780 78500SH SOLE 36000 0 42500
Barra Inc. COM 068313105 3025 144000SH SOLE 88500 0 55500
Boston Private Financial HCOM 101119105 2500 279700SH SOLE 201700 0 78000
BostonFed Bancorp, Inc COM 101178101 165 11000SH SOLE 11000 0 0
Bowne & Co Inc COM 103043105 364 30000SH SOLE 30000 0 0
Bradlees Inc. COM 104499207 2594 162150SH SOLE 98650 0 63500
Brookline Bancorp Inc COM 113739106 2938 288320SH SOLE 173320 0 115000
CBS Inc COM 12490k107 7863 170000SH SOLE 72400 0 97600
CFS Bancorp COM 12525d102 3748 359085SH SOLE 225585 0 133500
CSX Corp COM 126408103 2826 66700SH SOLE 30800 0 35900
Cuno Inc COM 126583103 1903 95750SH SOLE 57250 0 38500
CVS Corp COM 126650100 4681 114700SH SOLE 44400 0 70300
Capitol Federal Financial COM 14057c106 3755 376650SH SOLE 234050 0 142600
Chemed Corp COM 163596109 6150 203310SH SOLE 101510 0 101800
Chesapeake Corp COM 165159104 1191 39400SH SOLE 25500 0 13900
Choice Hotels Holding Inc COM 169905106 8945 522350SH SOLE 255150 0 267200
Chris Craft COM 170520100 4782 85214SH SOLE 31100 0 54114
Cincinnati Bell COM 171870108 3818 196400SH SOLE 60400 0 136000
Cincinnati Financial COM 172062101 3326 88600SH SOLE 32500 0 56100
Citigroup Inc COM 172967101 1683 38250SH SOLE 7500 0 30750
Citizens Utilities Co. Cl CL B 177342201 11084 979808SH SOLE 463805 0 516003
Coinmach Laundry Corp COM 19259L101 2589 265550SH SOLE 173250 0 92300
Commercial Intertech Corp COM 201709102 1302 107900SH SOLE 80400 0 27500
Conexant Systems Inc. COM 207142100 6793 93500SH SOLE 32500 0 61000
Cox Communications, Inc ClCL A 224044107 6910 165500SH SOLE 98000 0 67500
Deltic Timber Corp COM 247850100 3448 151550SH SOLE 98950 0 52600
Duff & Phelps Credit RatinCOM 26432F109 3237 40500SH SOLE 40500 0 0
Earthgrains Co COM 270319106 3296 149000SH SOLE 107000 0 42000
Emcor Group COM 29084Q100 3112 161700SH SOLE 103600 0 58100
Evergreen Resource Inc. COM 299900308 2135 88700SH SOLE 73500 0 15200
Fairchild Corp. Cl A CL A 303698104 2167 211400SH SOLE 110100 0 101300
Federal Agric Mtg Corp Cl CL C 313148306 5679 284870SH SOLE 211170 0 73700
Finova Group Inc COM 317928109 4427 121300SH SOLE 49400 0 71900
Flowers Inds. COM 343496105 4832 356265SH SOLE 235565 0 120700
Forest Oil Corp COM 346091606 324 19000SH SOLE 19000 0 0
Fortune Brands COM 349631101 4772 147970SH SOLE 57170 0 90800
Furniture Brands Int'l IncCOM 360921100 1703 86500SH SOLE 60500 0 26000
GA Financial Inc COM 361437106 129 10000SH SOLE 10000 0 0
GC Companies COM 36155Q109 3570 119000SH SOLE 76400 0 42600
Gabelli Asset Management ICL A 36239y102 239 15500SH SOLE 15500 0 0
Gaylord Entmt Co. COM 367905106 7006 237505SH SOLE 110005 0 127500
Getty Petroleum Marketing COM 374292100 536 194800SH SOLE 194800 0 0
Getty Realty Corporation COM 374297109 2199 162900SH SOLE 120500 0 42400
Global Marine COM 379352404 345 21000SH SOLE 21000 0 0
Golden States Bancorp Wts WTS EXP 082100381197128 207 28500SH SOLE 28500 0 0
Greenpoint Financial Corp COM 395384100 877 33000SH SOLE 33000 0 0
Griffon Corp COM 398433102 2752 344000SH SOLE 230100 0 113900
Harcourt General COM 41163G101 3996 96000SH SOLE 41700 0 54300
Harbor FL Bancshares COM 411901101 1611 132200SH SOLE 74000 0 58200
Harris Financial Inc COM 414541102 131 12000SH SOLE 12000 0 0
Hartford Financial Svcs GrCOM 416515104 4255 104100SH SOLE 35600 0 68500
Hearst-Argyle Television COM 422317107 2877 133800SH SOLE 54800 0 79000
Homebase Inc COM 43738e108 2126 539700SH SOLE 346300 0 193400
Hudson City Bancorp Inc. COM 443683107 3383 246000SH SOLE 177500 0 68500
Hudson River Bancorp Inc COM 444128102 2140 193500SH SOLE 142500 0 51000
Hussmann Intl Inc COM 448110106 7117 418670SH SOLE 209370 0 209300
I C H Corp. COM 44926L300 1872 149000SH SOLE 118500 0 30500
IBIS Technology Corp COM 450909106 328 9500SH SOLE 9500 0 0
ITT Indus Inc - Indiana COM 450911102 4568 143600SH SOLE 65700 0 77900
Independent Bank Corp COM 453838104 153 10000SH SOLE 10000 0 0
Information Resources Inc COM 456905108 3095 279800SH SOLE 167500 0 112300
Investment Technology COM 46145f105 2188 95100SH SOLE 60500 0 34600
Jacor Communications Wts 9WTS EXP 091801469858138 494 35300SH SOLE 35300 0 0
Jefferies Group Inc. COM 472319102 3051 146150SH SOLE 97150 0 49000
Justin Industries Inc COM 482171105 830 58500SH SOLE 58500 0 0
Kansas City Southern Ind ICOM 485170104 10900 234400SH SOLE 125400 0 109000
Katy Inds COM 486026107 1813 151100SH SOLE 122000 0 29100
Kaufman & Broad Home Corp COM 486168107 5363 260000SH SOLE 121200 0 138800
Key Energy Service COM 492914106 780 158000SH SOLE 158000 0 0
Lehman Bros Hldgs Inc COM 524908100 7046 120700SH SOLE 52600 0 68100
Lennar Corp COM 526057104 5662 355246SH SOLE 168296 0 186950
Limited Inc COM 532716107 5291 138331SH SOLE 58727 0 79604
M & F Worldwide Corp COM 552541104 2665 333100SH SOLE 225600 0 107500
MDC Holdings COM 552676108 1408 87000SH SOLE 61000 0 26000
Mark IV COM 570387100 1546 78300SH SOLE 43200 0 35100
Marriott Intl Cl A CL A 571903202 4677 143100SH SOLE 51800 0 91300
Martin Marietta Mater COM 573284106 3974 99500SH SOLE 35500 0 64000
Masco Corp. COM 574599106 5763 185900SH SOLE 84500 0 101400
Media Gen Inc. Cl A CL A 584404107 6509 127000SH SOLE 54900 0 72100
Meredith Corp. COM 589433101 6123 168600SH SOLE 67900 0 100700
Meristar Hotels & Resorts COM 589988104 451 153600SH SOLE 153600 0 0
Meritor Auto Inc COM 59000g100 4237 203000SH SOLE 77000 0 126000
Midas Inc COM 595626102 5253 254683SH SOLE 130583 0 124100
Mony Group Inc. COM 615337102 9741 337350SH SOLE 176850 0 160500
Moog Inc. Cl A CL A 615394202 834 28900SH SOLE 16500 0 12400
Moog Inc. Cl B CL B 615394301 443 11000SH SOLE 11000 0 0
Morgan Group Cl A COM 617358106 601 80100SH SOLE 80100 0 0
Morrison Knudsen Corp COM 61844a109 3738 362400SH SOLE 232700 0 129700
Morrison Mgmt COM 618459101 2139 95050SH SOLE 56050 0 39000
Motivepower Industries IncCOM 61980k101 1281 116375SH SOLE 85875 0 30500
Nasdaq 100 Tr Ser 1 Unit SER I UNIT 631100104 843 7000SH SOLE 7000 0 0
Nathans Famous Inc COM 632347100 274 86000SH SOLE 86000 0 0
Niagara Bancorp Inc COM 652914102 2583 247500SH SOLE 121800 0 125700
Nicor COM 654086107 601 16150SH SOLE 16150 0 0
Nortek Inc COM 656559101 4083 119640SH SOLE 80840 0 38800
Northwest Bancorp Inc COM 667328108 86 10000SH SOLE 10000 0 0
Ocean Energy Inc COM 67481e106 667 65500SH SOLE 65500 0 0
Ocean Financial Corp COM 674904107 516 31500SH SOLE 31500 0 0
On Command Corp COM 682160106 2128 112000SH SOLE 62000 0 50000
Oracle Corp. COM 68389x105 319 7000SH SOLE 7000 0 0
Oregon Trail Financial COM 685932105 280 25000SH SOLE 25000 0 0
PFF Bancorp Inc COM 69331W104 299 14500SH SOLE 14500 0 0
Pico Holdings Inc. COM 693366205 3861 180100SH SOLE 129100 0 51000
Paxson Communications CorpCOM 704231109 3894 317825SH SOLE 191325 0 126500
Pennfed Financial ServicesCOM 708167101 150 10000SH SOLE 10000 0 0
Pennzoil Quaker State COM 709323109 6158 284322SH SOLE 261715 0 22607
Penton Media Inc COM 709668107 5133 315850SH SOLE 170150 0 145700
Peoples Bank Bridgeport CTCOM 710198102 3494 147900SH SOLE 86900 0 61000
Pepsi Bottling Group Inc. COM 713409100 2773 162500SH SOLE 68500 0 94000
Pepsico Inc COM 713448108 4335 142150SH SOLE 51250 0 90900
Phoenix Investment PartnerCOM 719085102 4066 485480SH SOLE 310780 0 174700
Pioneer Group Inc COM 723684106 3408 227200SH SOLE 121200 0 106000
Pittston Brinks Group COM 725701106 3320 143150SH SOLE 78350 0 64800
Pittway Intl Inc Cl A CL A 725790208 8517 270390SH SOLE 153190 0 117200
Plains Res Inc COM 726540503 215 12000SH SOLE 4000 0 8000
Polaroid COM 731095105 286 11000SH SOLE 11000 0 0
Price Communications COM 741437305 4562 182050SH SOLE 123550 0 58500
Primesource Corp COM 741593107 1634 281000SH SOLE 225000 0 56000
Providence & Worcester RR COM 743737108 2172 204500SH SOLE 152600 0 51900
Provident Finl Holding IncCOM 743868101 547 31500SH SOLE 31500 0 0
Pulitzer Pubg Co COM 745769109 3858 84900SH SOLE 52900 0 32000
R & B Falcon Co COM 74912e101 210 16000SH SOLE 16000 0 0
RH Donnelly Corp. COM 74955w307 4205 225750SH SOLE 138850 0 86900
RF Micro Device Inc COM 749941100 320 7000SH SOLE 7000 0 0
Ralcorp Holdings Inc COM 751028101 4104 232000SH SOLE 153600 0 78400
Reliance Group Holdings COM 759464100 78 17500SH SOLE 17500 0 0
Roslyn Bancorp COM 778162107 3114 174200SH SOLE 139200 0 35000
SBC Communications COM 78387g103 204 4000SH SOLE 4000 0 0
S F X Entertainment CL A 784178105 772 25212SH SOLE 25212 0 0
St. Joe Corp. COM 790148100 2995 138900SH SOLE 71400 0 67500
Sea Containers Ltd Cl. A CL A 811371707 2893 103350SH SOLE 71050 0 32300
Shaw Inds COM 820286102 4772 300600SH SOLE 111200 0 189400
Snyder Comm Inc COM 832914105 2811 185105SH SOLE 149405 0 35700
Sodexho Marriott Svcs COM 833793102 3504 206100SH SOLE 58000 0 148100
Sprint Corp PCS Group Ser COM 852061506 12402 166325SH SOLE 77825 0 88500
Sunburst Hospitality Corp COM 866948102 708 114500SH SOLE 114500 0 0
Tasty Baking COM 876553306 2675 230100SH SOLE 138700 0 91400
Thomas Indust COM 884425109 2196 117500SH SOLE 117500 0 0
Titan Exploration Inc COM 888289105 733 148400SH SOLE 148400 0 0
Tricon Global Restaurants COM 895953107 4986 121790SH SOLE 53790 0 68000
UCBH Holdings Inc COM 90262t308 183 10000SH SOLE 10000 0 0
U S Can Corp. COM 90328w105 3455 169050SH SOLE 107050 0 62000
Union Pacific Corp COM 907818108 4520 94050SH SOLE 49050 0 45000
US Home Corp COM 911920106 4414 158700SH SOLE 57800 0 100900
US Industries Inc COM 912080108 6251 396900SH SOLE 181400 0 215500
Unitrin Inc COM 913275103 9862 283800SH SOLE 137500 0 146300
Unova Inc COM 91529b106 6034 451150SH SOLE 204950 0 246200
Varian Semiconductor EquipCOM 922207105 331 15700SH SOLE 15700 0 0
Viad Corp COM 92552R109 4402 149200SH SOLE 66800 0 82400
Voicestream Wireless COM 928615103 586 9500SH SOLE 9500 0 0
WMS Inds COM 929297109 2023 174000SH SOLE 134000 0 40000
Waddell & Reed Fin Cl A CL A 930059100 6841 308306SH SOLE 158006 0 150300
Walter Industries COM 93317Q105 6447 477550SH SOLE 230750 0 246800
Watts Industries Inc. CL A 942749102 359 16500SH SOLE 16500 0 0
Western Wireless Corp Cl ACL A 95988e204 493 11000SH SOLE 11000 0 0
Whitman Corp. COM 96647r107 6036 423600SH SOLE 157900 0 265700
Zale Corp COM 988858106 7295 190400SH SOLE 102000 0 88400
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