Form 4
1. Name and Address of Reporting Person
Peter R. Kellogg
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 - January, 2000
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. -- January 26, 2000.
3. Transaction Code - (P)
4. Securities Acquired (A) or Disposed of (D)
Amount = 600
(A) or (D) = A
Price = 14.875
2. Transaction Date. -- January 27, 2000.
3. Transaction Code - (P)
4. Securities Acquired (A) or Disposed of (D)
Amount = 100
(A) or (D) = A
Price = 14.875
2. Transaction Date. -- January 31, 2000.
3. Securities Code - (P)
4. Securities Acquired (A) or Disposed of (D)
Amount = 500
(A) or (D) = A
Price = 14.875
5 Amount of Securities Beneficially Owned at End of Month
= 101,630.(1)
6 Ownership Form -- (D).
7 Nature of Indirect Beneficial Ownership -- N/A.
5. Amount of Securities Beneficially Owned at End of Month
= 101,200.
6. Ownership Form - (I).
7. Nature of Indirect Beneficially 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
Explanation of Responses:
(1) Director Compensation/Restricted Shares:1,630 Shares.
