Form 4
1. Name and Address of Reporting Person -- Kellogg, Peter
R.
C/O Spear, Leeds & Kellogg
120 Broadway
New York, New York 10271
2. Issuer Name and Ticker or Trading Symbol -- The Ziegler
Companies, Inc. (ZCO)
3. IRS or Social Security Number of Reporting Person
(Voluntary)
4. Statement for Month/Year -- April, 1998
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer -- Director
and 10% Owner
Table I - Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
1. Title of Security -- Common Stock $1.00 Par Value
2. Transaction Date. -- April 27, 1998.
3. Transaction Code -- V.
4. Securities Acquired (A) or Disposed of (D)
Amount = 450. (Stock issued on April 27, 1998
with two-year restriction, in lieu of $11,000 in
director retainer fees.)
(A) or (D) = A.
Price 24.625.
5 Amount of Securities Beneficially Owned at End of Month
= 101,050.
6 Ownership Form -- (D).
7 Nature of Indirect Beneficial Ownership -- N/A.
5. Amount of Securities Beneficially Owned at End of Month
100,000.
6. Ownership Form (I).
7. Nature of Indirect Beneficial Ownership - Cynthia
Kellogg, Mr. Kellogg's spouse. Mr. Kellogg disclaims
beneficial ownership of these shares.
5. Amount of Securities Beneficially Owned at End of Month
= 150,000
6. Ownership Form -- (I)
7. I.A.T. Reinsurance Syndicate Ltd., a Bermuda
Corporation of which Mr. Kellogg is the sole holder of
voting stock. Mr. Kellogg disclaims beneficial
ownership of these shares.
5. Amount of Securities Beneficially Owned at End of Month
= 50,000.
6. Ownership Form (I).
7. Peter R. and Cynthia K. Kellogg Foundation. Mr.
Kellogg disclaims beneficial ownership of these shares.
Table II - Derivative Securities Acquired, Disposed of, or
Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
1. Title of Derivative Security. N/A.
2. Conversion or Exercise Price of Derivative Security. N/A.
3. Transaction Date. N/A.
4. Transaction Code. N/A.
5. Number of Derivative Securities Acquired or Disposed N/A.
6. Date Exercisable and Expiration Date N/A.
7. Title and Amount of Underlying Securities N/A.
8. Price of Derivative Securities N/A.
9. Number of Derivative Securities Beneficially Owned at End
of Month N/A.
10.Ownership Form of Derivative Security
N/A.
11.Nature of Indirect Beneficial Ownership N/A.
