Kellner DiLeo & Co.
900 Third Avenue
10th Floor, Suite 1000
New York, NY 10022-4728
13F File Number:
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: Mr. Glen M. Friedman
Title: CFO
Phone: 212 350-0262
Signature, Place, and Date of Signing:
Glen May 16, 2000
Report Type: 13F HOLDINGS REPORT
<PAGE>
FORM 13F SUMMARY PAGE
Number of other included managers: 0
Form *******
<TABL[C] [C]
NAME OF REPORTING MANAGER : KELLNER, DILEO & CO.
Fair Investm Voting ERR
NamTitle o CUSIP Market Shares or DiscretAuthorit Price
Class Number Value Principal
(thousa Amount ERR
Acxio COM 005125109 (1,426) (42,900) SOLE SOLE 33.250
ADC T COM 000886101 (6,396) (118,727) SOLE SOLE 53.875
Aetna COM 008117103 4,940 89,000 SOLE SOLE 55.500
Alker COM 01642T108 (5,587) (60,400) SOLE SOLE 92.500
Alker PFD 01642T405 5,725 35,840 SOLE SOLE 159.750
Alumi COM 013817101 (13,024) (185,400) SOLE SOLE 70.250
AMFM COM 001693100 19,445 313,000 SOLE SOLE 62.125
Appli COM 038222105 (12,694) (143,032) SOLE SOLE 88.750
AT&T COM 001957109 (23,944) (425,200) SOLE SOLE 56.313
Atlan COM 048825903 26,206 308,300 SOLE SOLE 85.000
Bank COM 065412108 (1,152) (36,500) SOLE SOLE 31.563
BB&T COM 054937107 (2,021) (72,000) SOLE SOLE 28.063
Belco COM 077410108 (323) (31,100) SOLE SOLE 10.375
Belco PFD 077410207 541 34,900 SOLE SOLE 15.500
Bell COM 077853109 (20,446) (334,500) SOLE SOLE 61.125
BP AmSponsor055622104 (23,574) (442,700) SOLE SOLE 53.250
Broad COM 111412102 (6,927) (154,361) SOLE SOLE 44.875
Broad COM 111620100 (8,006) (215,279) SOLE SOLE 37.188
Broad PFD A 111620209 5,786 17,400 SOLE SOLE 332.540
Broad PFD B 111620407 2,969 49,900 SOLE SOLE 59.500
Burma COM 122169303 8,417 342,500 SOLE SOLE 24.575
Callo COM 13123X102 (684) (56,400) SOLE SOLE 12.125
Callo PFD 13123X201 908 32,000 SOLE SOLE 28.375
CBS COM 12490K107 18,692 330,100 SOLE SOLE 56.625
Cepha COM 156708109 (4,913) (131,000) SOLE SOLE 37.500
Cepha PFD 156708307 5,122 47,500 SOLE SOLE 107.830
Champ COM 158525105 373 7,000 SOLE SOLE 53.250
Charm COM 161133103 (664) (116,800) SOLE SOLE 5.688
Chiqu COM 170032106 (618) (130,000) SOLE SOLE 4.750
Chiqu PFD A 170032403 546 32,600 SOLE SOLE 16.750
Chiqu PFD B 170032502 406 19,400 SOLE SOLE 20.938
Citiz COM 177342201 (1,222) (74,600) SOLE SOLE 16.375
Citiz PFD 177351202 1,594 25,500 SOLE SOLE 62.500
Clear COM 184502102 (28,823) (417,350) SOLE SOLE 69.063
CNF T COM 12612W104 (1,007) (36,300) SOLE SOLE 27.750
Colum COM 197648108 5,866 99,000 SOLE SOLE 59.250
Compu COM 204912109 (5,635) (95,200) SOLE SOLE 59.188
Corda COM 218412104 7,749 137,000 SOLE SOLE 56.563
CMP G COM 125887109 10,406 357,300 SOLE SOLE 29.125
Conce COM 20589R107 11,149 202,700 SOLE SOLE 55.000
Corni COM 219350105 (7,164) (36,930) SOLE SOLE 194.000
Dow C COM 260543103 (12,665) (111,100) SOLE SOLE 114.000
DII G COM 232949107 28,119 248,700 SOLE SOLE 113.063
Dexte COM 252165105 10,892 205,500 SOLE SOLE 53.000
Easte COM 27637F100 12,304 205,500 SOLE SOLE 59.875
ETEC COM 26922C103 12,695 110,200 SOLE SOLE 115.198
Flext COM Y2573F102 (28,203) (400,400) SOLE SOLE 70.438
Freep CL A 35671D105 200 18,000 SOLE SOLE 11.125
Freep PFD 35671D501 584 39,400 SOLE SOLE 14.813
GTE COM 362320103 19,454 274,000 SOLE SOLE 71.000
Getty COM 374276103 (500) (13,900) SOLE SOLE 35.938
Globa COM G3921A100 (5,899) (144,100) SOLE SOLE 40.938
Globa COM 37936U104 (3,171) (154,700) SOLE SOLE 20.500
Hanna COM 410550107 7,486 101,500 SOLE SOLE 73.750
Ibasi COM 450732102 (616) (15,000) SOLE SOLE 41.063
ICG C COM '449246107 (1,691) (46,800) SOLE SOLE 36.125
Inter COM 458801107 (2,295) (47,500) SOLE SOLE 48.313
Inter COM 458729209 6,980 148,500 SOLE SOLE 47.000
Inter COM 460146103 (599) (14,000) SOLE SOLE 42.750
IPC C COM 44980K206 5,480 26,600 SOLE SOLE 206.000
Joste COM 481088102 8,348 342,500 SOLE SOLE 24.375
K Mar COM 482584109 (874) (90,200) SOLE SOLE 9.688
Kroll COM 501050108 1,123 102,700 SOLE SOLE 10.938
Lenna COM 526057104 (1,906) (87,900) SOLE SOLE 21.688
Loral COM G56462107 (2,322) (229,300) SOLE SOLE 10.125
LoralPFD CONG56462149 2,189 69,490 SOLE SOLE 31.500
Lucen COM 549463107 (7,781) (127,560) SOLE SOLE 61.000
Maxto COM 577729205 (348) (26,900) SOLE SOLE 12.938
Media COM 58440J104 52,682 650,400 SOLE SOLE 81.000
Metam COM 59133P100 2,905 102,600 SOLE SOLE 28.313
MGC C COM 552763302 (1,788) (25,000) SOLE SOLE 71.500
Mirag COM 60462E104 7,056 364,200 SOLE SOLE 19.375
MMI C COM 553087107 3,280 332,200 SOLE SOLE 9.875
Monsa COM 611662107 10,238 205,700 SOLE SOLE 49.770
Nextl COM 65333H707 (10,620) (85,858) SOLE SOLE 123.688
Netop COM '64116F103 7,059 41,100 SOLE SOLE 171.750
Newbr COM '650901101 11,162 344,100 SOLE SOLE 32.438
Nexte COM 65332V103 (3,084) (20,800) SOLE SOLE 148.250
One V COM 682419106 1,946 56,200 SOLE SOLE 34.625
Ortel COM 68749W902 7,639 40,700 SOLE SOLE 187.688
Pairg COM 695934109 5,156 275,900 SOLE SOLE 18.688
Pegas COM 705904100 (1,830) (13,000) SOLE SOLE 140.750
PennC COM 708094206 (207) (19,300) SOLE SOLE 10.750
Pfize COM 717081103 (33,202) (908,100) SOLE SOLE 36.563
Pfize CALL 717081903 (2,576) (2,216)C SOLE SOLE 11.625
Pharm COM 716941109 (10,066) (169,892) SOLE SOLE 59.250
Preci COM 740314109 3,594 148,200 SOLE SOLE 24.250
PhiliSponsor718252604 (3,139) (143,100) SOLE SOLE 21.938
Pione COM 723877106 (2,000) (127,000) SOLE SOLE 15.750
Pogo COM 730448107 (2,642) (92,500) SOLE SOLE 28.563
Primu COM 741929103 (1,478) (28,600) SOLE SOLE 51.688
Psine COM 74437C101 (3,500) (102,900) SOLE SOLE 34.016
Psine PFD 74437C309 1,267 19,800 SOLE SOLE 64.000
Reyno COM 761695105 11,696 174,900 SOLE SOLE 66.875
St. P COM 792860108 (293) (8,600) SOLE SOLE 34.125
St. P COM 792856205 514 8,600 SOLE SOLE 59.750
SBS B ORD L8137F102 (6,353) (103,300) SOLE SOLE 61.500
Schwa COM 808513105 (20,032) (352,600) SOLE SOLE 56.813
Seaga COM 811804103 9,350 150,800 SOLE SOLE 62.000
Seale COM 81211K100 (2,449) (45,100) SOLE SOLE 54.313
Seale PFD A 81211K950 3,163 60,900 SOLE SOLE 51.938
SFX E COM 784178105 8,387 205,500 SOLE SOLE 40.813
Smurf COM 832727101 (444) (26,200) SOLE SOLE 16.938
South COM 844895102 1,334 70,000 SOLE SOLE 19.063
Sprin COM 852061100 (2,856) (43,600) SOLE SOLE 65.500
Sterl COM 859547901 6,019 180,500 SOLE SOLE 33.346
Stone COM 861589307 1,047 57,000 SOLE SOLE 18.375
Suiza COM 865077101 (692) (17,200) SOLE SOLE 40.250
TelefSponsor879382208 (9,773) (131,400) SOLE SOLE 74.375
Tele Sponsor879252104 3,406 68,200 SOLE SOLE 49.938
TelefSponsor879384105 1,131 66,500 SOLE SOLE 17.000
TelefSponsor879378206 2,610 66,500 SOLE SOLE 39.250
Trite COM 89675X104 5,347 139,800 SOLE SOLE 38.250
UBID. COM 903469104 3,894 132,849 SOLE SOLE 29.313
USA N COM 902984103 (3,612) (160,076) SOLE SOLE 22.563
U.S. COM 90328W105 2,663 137,000 SOLE SOLE 19.438
U.S. COM 90331R101 8,819 342,500 SOLE SOLE 25.750
U.S. COM 911920106 7,102 186,900 SOLE SOLE 38.000
U.S. COM 912886105 19,478 102,900 SOLE SOLE 189.293
U.S. COM 91273H101 9,950 137,000 SOLE SOLE 72.625
Union COM 905581104 12,071 207,000 SOLE SOLE 58.313
Unite COM 913247508 (1,584) (21,100) SOLE SOLE 75.063
Unite COM 913247102 2,013 29,600 SOLE SOLE 68.000
Verit COM 92343P107 (9,227) (70,433) SOLE SOLE 131.000
Viaco COM 925524308 (18,889) (358,082) SOLE SOLE 52.750
Voice COM '928615103 (13,484) (104,680) SOLE SOLE 128.813
Warne COM '934488107 40,130 410,800 SOLE SOLE 97.688
Wesle COM 951018100 3,694 102,800 SOLE SOLE 35.938
WHX C COM '929248102 (520) (75,700) SOLE SOLE 6.875
Winst COM '975515107 (9,100) (151,672) SOLE SOLE 60.000
COM
[/TABLE] ERR
