UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 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, February 11, 2000
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: 186
Form 13F Information Table Value Total: 593,585
List of Other Included Managers:
None
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FORM 13F INFOMRATION TABLE
VALUE SHARES/SH/ PUT/ INVSTMTOTHER VOTING AUTHORITY
NAME OF ISSUERS TITLE OF CLASSCUSIP (X$1000PRN AMTPRN CALL DSCRETNMANAGERS SOLE SHARED NONE
AG Services Amer Inc COM 00125010 3663 245250SH SOLE 159150 86100
AT&T Corp Liberty Media Group CL A 00195720 3329 58600SH SOLE 41600 17000
AXA Financial Inc COM 00245110 6361 187100SH SOLE 84600 102500
Ackerley Group Inc COM 00452710 2167 119550SH SOLE 119550
AC Neilson COM 00483310 1059 43000SH SOLE 10000 33000
Alleghany Corp COM 01717510 3313 17859SH SOLE 8009 9850
Alliance Bancorp COM 01852j10 1314 71000SH SOLE 66000 5000
Allstate Corp COM 02000210 3755 156050SH SOLE 59050 97000
Alltrista Corp COM 02004010 5084 229800SH SOLE 129700 100100
American Financial Group Inc. COM 02593210 4566 173100SH SOLE 80800 92300
American Financial Hldgs Inc COM 02607510 1244 99020SH SOLE 79020 20000
America National Can COM 02771410 2788 214450SH SOLE 152450 62000
Anacomp Inc - Del COM 03237110 2719 149500SH SOLE 115500 34000
Arch Chemicals Inc. COM 03937r10 2996 143100SH SOLE 67800 75300
Associated Group Inc. Cl.A CL A 04565110 9216 101000SH SOLE 58500 42500
Avalon Holdings Corp. Cl A CL A 05343p10 1038 207600SH SOLE 123600 84000
BWAY Corp. COM 05603910 634 103500SH SOLE 53000 50500
Barra Inc. COM 06831310 4785 150700SH SOLE 92200 58500
Blockbuster Inc. CL A 09367910 1496 111825SH SOLE 76325 35500
Boston Private Financial HldgsCOM 10111910 2686 316000SH SOLE 226000 90000
BostonFed Bancorp, Inc COM 10117810 175 11000SH SOLE 11000
Bowne & Co Inc COM 10304310 466 34500SH SOLE 34500
Bradlees Inc. COM 10449920 1604 188650SH SOLE 110650 78000
Broadwing Inc COM 11162010 7626 206800SH SOLE 65300 141500
Brookline Bancorp Inc COM 11373910 2892 296620SH SOLE 178120 118500
CBS Inc COM 12490k10 10703 167400SH SOLE 73800 93600
CFS Bancorp COM 12525d10 3314 355885SH SOLE 221385 134500
Cuno Inc COM 12658310 2001 96650SH SOLE 56150 40500
CVS Corp COM 12665010 5355 134300SH SOLE 58300 76000
Capitol Federal Financial COM 14057c10 3760 385650SH SOLE 240650 145000
Cendant Corp. COM 15131310 3598 135450SH SOLE 82550 52900
Charter Comm Inc Cl A COM 16117M10 313 14300SH SOLE 14300
Chemed Corp COM 16359610 5857 204610SH SOLE 104310 100300
Chesapeake Corp COM 16515910 976 32000SH SOLE 16500 15500
Choice Hotels Holding Inc COM 16990510 9062 529150SH SOLE 263950 265200
Chris Craft COM 17052010 6041 83753SH SOLE 32400 51353
Cincinnati Financial COM 17206210 3069 98400SH SOLE 37900 60500
Circor Intl Inc COM 17273k10 330 32000SH SOLE 32000
Citigroup Inc COM 17296710 2200 39500SH SOLE 8000 31500
Citizens Utilities Co. Cl B CL B 17734220 13988 985957SH SOLE 477954 508003
Coinmach Laundry Corp COM 19259L10 2854 268650SH SOLE 175650 93000
Commercial Intertech Corp COM 20170910 1511 118500SH SOLE 87000 31500
Conductus Inc. COM 20678410 118 10000SH SOLE 10000
Conexant Systems Inc. COM 20714210 10056 151500SH SOLE 43300 108200
Cox Communications, Inc Cl A CL A 22404410 8034 156000SH SOLE 95500 60500
Cypress Semiconductor Corp. COM 23280610 356 11000SH SOLE 11000
Deltic Timber Corp COM 24785010 3467 158500SH SOLE 103400 55100
Duff & Phelps Credit Rating CoCOM 26432F10 3380 38000SH SOLE 38000
Earthgrains Co COM 27031910 2403 149000SH SOLE 108000 41000
Emcor Group COM 29084Q10 3050 167100SH SOLE 108600 58500
Evergreen Resource Inc. COM 29990030 1860 94200SH SOLE 79000 15200
Fairchild Corp. Cl A CL A 30369810 1449 159900SH SOLE 95900 64000
Federal Agric Mtg Corp Cl C CL C 31314830 5919 293220SH SOLE 216820 76400
Federated Department Stores COM 31410H10 202 4000SH SOLE 4000
Finova Group Inc COM 31792810 4823 135850SH SOLE 59350 76500
Flowers Inds. COM 34349610 6277 393865SH SOLE 251365 142500
Fortune Brands COM 34963110 4992 151000SH SOLE 59700 91300
Furniture Brands Int'l Inc COM 36092110 2127 96700SH SOLE 66700 30000
GA Financial Inc COM 36143710 133 10000SH SOLE 10000
GC Companies COM 36155Q10 3110 120200SH SOLE 76400 43800
Gabelli Asset Management Inc. CL A 36239y10 252 15500SH SOLE 15500
Gaylord Entmt Co. COM 36790510 7561 253555SH SOLE 114755 138800
Getty Petroleum Marketing Inc COM 37429210 450 184800SH SOLE 184800
Getty Realty Corporation COM 37429710 1799 160800SH SOLE 118400 42400
Golden States Bancorp Wts Exp COM 38119712 188 28500SH SOLE 28500
Greenpoint Financial Corp COM 39538410 1072 45000SH SOLE 45000
Griffon Corp COM 39843310 2827 361800SH SOLE 240800 121000
Hancock John Bk & Thrift SHS BEN INT 40973510 253 30000SH SOLE 30000
Harcourt General COM 41163G10 5104 126800SH SOLE 52800 74000
Harbor FL Bancshares COM 41190110 1794 138700SH SOLE 75000 63700
Harris Financial Inc COM 41454110 83 11000SH SOLE 11000
Hartford Financial Svcs Group COM 41651510 5192 109600SH SOLE 39100 70500
Hearst-Argyle Television COM 42231710 4388 164800SH SOLE 61800 103000
Homebase Inc COM 43738e10 656 214100SH SOLE 214100
Hudson City Bancorp Inc. COM 44368310 3476 258700SH SOLE 184700 74000
Hudson River Bancorp Inc COM 44412810 1939 191500SH SOLE 144500 47000
Hussmann Intl Inc COM 44811010 6576 436570SH SOLE 217270 219300
I C H Corp. COM 44926L30 1695 154100SH SOLE 121100 33000
IBIS Technology Corp COM 45090910 318 6400SH SOLE 6400
ITT Indus Inc - Indiana COM 45091110 5019 150100SH SOLE 70700 79400
Independent Bank Corp - MI COM 45383810 154 10500SH SOLE 10500
Information Resources Inc COM 45690510 2644 285800SH SOLE 167500 118300
International Rectifier COM 46025410 260 10000SH SOLE 10000
Investment Technology COM 46145f10 2950 102600SH SOLE 66100 36500
Jacor Communications Wts 9/18/COM 46985813 453 28300SH SOLE 28300
Jefferies Group Inc. COM 47231910 3381 153700SH SOLE 102200 51500
Justin Industries Inc COM 48217110 870 58500SH SOLE 58500
Kansas City Southern Ind Inc COM 48517010 17895 239800SH SOLE 131700 108100
Katy Inds COM 48602610 1334 153600SH SOLE 124500 29100
Kaufman & Broad Home Corp COM 48616810 6598 272800SH SOLE 126500 146300
Key Energy Service COM 49291410 477 92000SH SOLE 92000
Lehman Bros Hldgs Inc COM 52490810 9917 117100SH SOLE 51000 66100
Lennar Corp COM 52605710 5970 367396SH SOLE 171946 195450
Limited Inc COM 53271610 6315 145810SH SOLE 56906 88904
M & F Worldwide Corp COM 55254110 1674 330700SH SOLE 225700 105000
MDC Holdings COM 55267610 1349 86000SH SOLE 60000 26000
Mark IV COM 57038710 1604 90700SH SOLE 46200 44500
Marriott Intl Cl A CL A 57190320 4564 144600SH SOLE 54400 90200
Martin Marietta Mater COM 57328410 4531 110500SH SOLE 44000 66500
Masco Corp. COM 57459910 4654 183400SH SOLE 84500 98900
McLeod USA Inc COM 58226610 324 5500SH SOLE 5500
Media Gen Inc. Cl A CL A 58440410 6718 129200SH SOLE 58600 70600
Meredith Corp. COM 58943310 7120 170800SH SOLE 71600 99200
Meristar Hotels & Resorts COM 58998810 594 166600SH SOLE 166600
Meritor Auto Inc COM 59000g10 4071 210100SH SOLE 83600 126500
Midas Inc COM 59562610 5593 255683SH SOLE 131083 124600
Mony Group Inc. COM 61533710 10167 348350SH SOLE 185350 163000
Moog Inc. Cl A CL A 61539420 824 30500SH SOLE 17500 13000
Moog Inc. Cl B CL B 61539430 439 11000SH SOLE 11000
Morgan Group Cl A COM 61735810 465 80850SH SOLE 80850
Morrison Knudsen Corp COM 61844a10 3013 385700SH SOLE 246500 139200
Morrison Mgmt COM 61845910 2101 97450SH SOLE 55250 42200
Nathans Famous Inc COM 63234710 269 86000SH SOLE 86000
Neiman Marcus Group Cl B CL B 64020430 1332 49458SH SOLE 37401 12057
Newmont Mining COM 65163910 299 12200SH SOLE 12200
Niagara Bancorp Inc COM 65291410 2514 245300SH SOLE 119800 125500
Nicor COM 65408610 510 15700SH SOLE 15700
Nortek Inc COM 65655910 3477 124190SH SOLE 83690 40500
Ocean Energy Inc COM 67481e10 171 22000SH SOLE 22000
On Command Corp COM 68216010 2128 115000SH SOLE 62000 53000
Oregon Trail Financial COM 68593210 252 25000SH SOLE 25000
PFF Bancorp Inc COM 69331W10 262 13500SH SOLE 13500
Pico Holdings Inc. COM 69336620 2246 182450SH SOLE 127450 55000
Paine Webber Group COM 69562910 388 10000SH SOLE 10000
Paxson Communications Corp COM 70423110 3844 322015SH SOLE 195515 126500
Pennfed Financial Services IncCOM 70816710 151 10000SH SOLE 10000
Pennzoil Quaker State COM 70932310 5110501635.SH SOLE 258835 242800.
Penton Media Inc COM 70966810 7635 318120SH SOLE 171920 146200
Peoples Bank Bridgeport CT COM 71019810 1736 82200SH SOLE 59200 23000
Pepsi Bottling Group Inc. COM 71340910 3331 201100SH SOLE 75100 126000
Pepsico Inc COM 71344810 5074 143950SH SOLE 55050 88900
Phoenix Investment Partners LtCOM 71908510 4055 499080SH SOLE 319080 180000
Pioneer Group Inc COM 72368410 3697 234700SH SOLE 124700 110000
Pittston Brinks Group COM 72570110 3463 157400SH SOLE 84200 73200
Pittway Intl Inc Cl A CL A 72579020 9033 201575SH SOLE 102675 98900
Price Communications COM 74143730 3560 128000SH SOLE 84000 44000
Primesource Corp COM 74159310 1351 284500SH SOLE 225500 59000
Providence & Worcester RR COM 74373710 1654 206700SH SOLE 152600 54100
Provident Finl Holding Inc COM 74386810 495 30000SH SOLE 30000
Pulitzer Pubg Co COM 74576910 3594 89150SH SOLE 56650 32500
RH Donnelly Corp. COM 74955w30 4299 227750SH SOLE 139350 88400
Ralcorp Holdings Inc COM 75102810 4691 235300SH SOLE 153600 81700
Roslyn Bancorp COM 77816210 2575 139200SH SOLE 139200
Rural Cellular Corp Cl A CL A 78190410 2453 27100SH SOLE 17150 9950
Ryder Systems COM 78354910 3793 155200SH SOLE 51200 104000
SBA Communications Corp COM 78388j10 469 25000SH SOLE 25000
S F X Entertainment CL A 78417810 650 17950SH SOLE 17950
St. Joe Corp. COM 79014810 3717 152900SH SOLE 83400 69500
Sea Containers Ltd Cl. A CL A 81137170 2798 105100SH SOLE 73800 31300
Shaw Inds COM 82028610 4638 299200SH SOLE 111800 187400
Snyder Comm Inc COM 83291410 4907 254905SH SOLE 190205 64700
Sodexho Marriott Svcs COM 83379310 1782 137100SH SOLE 30300 106800
Sprint Corp PCS Group Ser I COM 85206150 11349 110725SH SOLE 51725 59000
Stancorp Financial Corp COM 85289110 2950 117140SH SOLE 85640 31500
Sunburst Hospitality Corp COM 86694810 624 111000SH SOLE 111000
Tasty Baking COM 87655330 1953 231475SH SOLE 139075 92400
Tenneco Inc COM 88034910 414 44500SH SOLE 18795 25705
Thomas Indust COM 88442510 2401 117500SH SOLE 117500
Time Warner Telecom CL A 88731910 375 7500SH SOLE 7500
Titan Exploration Inc COM 88828910 829 152400SH SOLE 152400
Tricon Global Restaurants Inc COM 89595310 5067 131190SH SOLE 61690 69500
Tyco Intl Inc. COM 90212410 862 22100SH SOLE 22100
UCBH Holdings Inc COM 90262t30 226 11000SH SOLE 11000
U S Can Corp. COM 90328w10 3506 176400SH SOLE 110900 65500
Union Pacific Corp COM 90781810 4072 93200SH SOLE 46200 47000
US Home Corp COM 91192010 4182 163600SH SOLE 59300 104300
US Industries Inc COM 91208010 5882 420150SH SOLE 195650 224500
US Office Products Company COM 91232530 78 25000SH SOLE 25000
UnitedGlobalCom Inc Cl A CL A 91324750 353 5000SH SOLE 5000
Unitrin Inc COM 91327510 10844 288200SH SOLE 142600 145600
Unova Inc COM 91529b10 6094 468800SH SOLE 216800 252000
Varian Semiconductor EquipmentCOM 92220710 214 6300SH SOLE 6300
Ventiv Health COM 92279310 1926 209680SH SOLE 165680 44000
Viacom Inc Cl B CL B 92552430 212 3500SH SOLE 3500
Viad Corp COM 92552R10 3911 140300SH SOLE 68800 71500
WMS Inds COM 92929710 2107 160500SH SOLE 122000 38500
Waddell & Reed Fin Cl A CL A 93005910 8672 319700SH SOLE 163900 155800
Walter Industries COM 93317Q10 4592 424700SH SOLE 205200 219500
Water Pik Technologies Inc. COM 94113u10 191 20000SH SOLE 20000
Watts Industries Inc. CL A 94274910 361 24500SH SOLE 24500
Western Wireless Corp Cl A CL A 95988e20 501 7500SH SOLE 7500
Western Air Brake COM 96038610 2472 139255SH SOLE 114655 24600
Whitman Corp. COM 96647r10 5615 417850SH SOLE 147850 270000
Zale Corp COM 98885810 8424 182400SH SOLE 101000 81400
Ziff Davis Inc. COM 98951110 348 22000SH SOLE 7000 15000
Global Crossing Ltd COM G3921A10 250 5000SH SOLE 5000
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