UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. *)
AVALON HOLDINGS CORPORATION
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(Name of Issuer)
Class A Common Stock
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(Title of Class of Securities)
05343P109
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(CUSIP Number)
Voluntary Filing
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
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 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(Continued on following page(s))
Page 1 of 5 Pages
<PAGE>
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CUSIP No. 05343P109
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================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Keeley Asset Management Corp.; Tax I.D. No.: 36-3160361
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(SEE INSTRUCTIONS) (b) [ ]
N/A
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
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5 SOLE VOTING POWER
NUMBER OF 197,200
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SHARES 6 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY ------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH
197,200
REPORTING
------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH -0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
197,200
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES [ ]
CERTAIN SHARES (SEE INSTRUCTIONS)
N/A
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.19%*
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA
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____________________
* Based on an aggregate of 3,185,240 shares outstanding as of August 2, 1999.
Page 2 of 5 Pages
<PAGE>
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CUSIP No. 05343P109
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Item 1(a). Name of Issuer:
-------- --------------
Avalon Holdings Corporation
Item 1(b). Address of Issuer's Principal Executive Offices:
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One American Way
Warren, Ohio 44484-5555
Item 2(a). Name of Person Filing:
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The person filing this Schedule 13G is:
Keeley Asset Management Corp.
Item 2(b). Address of Principal Business Office or, if none, Residence:
-------- -----------------------------------------------------------
401 South LaSalle Street
Chicago, Illinois 60605
Item 2(c). Citizenship:
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Keeley Asset Management Corp. is an Illinois corporation.
Item 2(d). Title of Class of Securities:
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Class A Common Stock
Item 2(e). CUSIP Number:
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05343P109
Page 3 of 5 Pages
<PAGE>
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CUSIP No. 05343P109
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Item 3. If this statement is filed pursuant to Rules 13d-1(b),
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or 13d-2(b) or (c), check whether the person filing is a:
--------------------------------------------------------
[ ] Broker or dealer registered under section 15 of the Act (15
U.S.C. 78o).
[ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C.78c).
[ ] Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).
[ ] Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
[X] An investment adviser in accordance with ss.
240.13d-1(b)(1)(ii)(E).
[ ] An employee benefit plan or endowment fund in accordance
with ss. 240.13d-1(b)(1)(ii)(F).
[ ] A parent holding company or control person in accordance
with ss. 240.13d-1(b)(1)(ii)(G).
[ ] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
[ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
[ ] Group, in accordance with ss. 240.13d-1(b)(1)(ii)(J).
Item 4. Ownership
------ ---------
Keeley Asset Management Corp.
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(a) Amount Beneficially Owned: 197,200
(b) Percent of Class: 6.19%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 197,200
(ii) shared power to vote or to direct the vote: -0-
(iii)sole power to dispose or to direct the disposition of:
197,200
(iv) shared power to dispose or to direct the disposition
of: -0-
Item 5. Ownership of Five Percent or Less of a Class.
------ --------------------------------------------
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
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Not applicable.
Page 4 of 5 Pages
<PAGE>
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CUSIP No. 05343P109
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Item 7. Identification and Classification of the Subsidiary Which Acquired
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the Security Being Reported on By the Parent Holding Company.
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Not applicable
Item 8. Identification and Classification of Members of the Group.
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Not applicable
Item 9. Notice of Dissolution of Group.
------ ------------------------------
Not applicable
Item 10. Certification.
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By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are
held in the ordinary course of business and were not acquired and
are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
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.
Dated this 27th day of September, 1999.
KEELEY ASSET MANAGEMENT CORP.
/s/ John L. Keeley, Jr.
- --------------------------------
John L. Keeley, Jr., President
Page 5 of 5 Pages
