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 M. FriedmanAugust 14, 2000
Report Type: 13F HOLDINGS REPORT
<PAGE>
FORM 13F SUMMARY PAGE
Number of other included managers: 0
Form 13F Informa 262,389
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NAME OF REPORTING MANAGER : KELLNER, DILEO & CO.
Fair Invest Votin**
Name of IssuerTitle of CUSIP Market Shares or DiscreAuthor Price
Class Number Value Principal
(th Amount **
AES Com 00130H105 (4,594) (100,700) SOLE SOLE 45.625
Aetna Life Com 008117103 6,201 96,600 SOLE SOLE 64.188
Acxiom Corp Com 005125109 (1,158) (42,900) SOLE SOLE 27.000
Alkermes Inc. Com 01642T108 ******* (229,800) SOLE SOLE 47.125
AMFM Inc Com 001693100 28,587 414,300 SOLE SOLE 69.000
American ClassicCom 024928103 (382) (18,500) SOLE SOLE 20.625
American NationaCom 027714104 5,864 347,500 SOLE SOLE 16.875
American Tower Com 029912201 (1,868) (44,800) SOLE SOLE 41.688
American Tower NTCV6.25%0029912AB8 213 1,150 SOLE SOLE 185.000
AT&T Com 001957909 ******* (688,275) SOLE SOLE 32.000
Anadarko Com 032511107 (7,244) (146,898) SOLE SOLE 49.313
Anadarko Call 032511907 (245) (100)C SOLE SOLE 24.500
Bank United Com 065412108 (1,052) (29,900) SOLE SOLE 35.188
Bell Atlantic Com 077853109 ******* (252,540) SOLE SOLE 51.313
Bestfoods Com 086584101 26,267 379,300 SOLE SOLE 69.250
Biovail Corp Com 09067J109 (355) (6,400) SOLE SOLE 55.438
Broadwing Com 111620100 (790) (30,300) SOLE SOLE 26.063
Burr Brown Com 122574106 5,981 69,000 SOLE SOLE 86.688
Burmah Castrol Com 122169303 10,771 411,000 SOLE SOLE 26.208
CMP Group Com 125887109 12,136 414,000 SOLE SOLE 29.313
CNF TransportatiCom 12612W104 (673) (29,600) SOLE SOLE 22.750
CNF TransportatiTECONSSERA12612V205 1,311 33,300 SOLE SOLE 39.375
Callon PetroleumCom 13123X102 (1,791) (120,400) SOLE SOLE 14.875
Callon PetroleumPFDACVEXCH13123X201 1,935 54,500 SOLE SOLE 35.500
Cephalon Inc Com 156708109 (4,562) (76,200) SOLE SOLE 59.875
Cephalon Inc PFDCVEX144156708307 4,656 27,500 SOLE SOLE 169.300
Charming ShoppesCom 161133102 (388) (76,100) SOLE SOLE 5.094
Chubb Corp Com 171232101 6 90 SOLE SOLE 61.500
Clear Channel Com 184502102 ******* (248,360) SOLE SOLE 75.000
Coastal Corp Com 190441105 12,601 207,000 SOLE SOLE 60.875
Columbia Energy Com 197648108 18,113 276,000 SOLE SOLE 65.625
Conagra Com 205887102 (679) (35,640) SOLE SOLE 19.063
Credence SystemsCom 225302108 (3,096) (56,100) SOLE SOLE 55.188
Credence SystemsNTCV5.25%0225302AC2 330 2,000 SOLE SOLE 164.750
Dexter Com 252165105 12,067 251,400 SOLE SOLE 48.000
Devon Energy Com 25179M103 (3,705) (66,152) SOLE SOLE 56.000
Dime Bancorp Com 25429Q102 3,260 207,000 SOLE SOLE 15.750
Dow Chemical Com 260543103 ******* (332,697) SOLE SOLE 30.555
Eastern EnterpriCom 27637F100 21,735 345,000 SOLE SOLE 63.000
El Paso Energy Com 283905107 ******* (286,200) SOLE SOLE 50.938
Emmis Comm Com 291525103 (1,171) (28,300) SOLE SOLE 41.375
Emmis Comm PFDCVSERA 291525202 1,496 25,800 SOLE SOLE 58.001
First Security CCom 336294103 7,533 555,400 SOLE SOLE 13.563
Florida ProgressCom 449246107 4,852 103,500 SOLE SOLE 46.875
General SemicondCom 370787103 (1,664) (112,800) SOLE SOLE 14.750
Georgia Pacific Com 373298108 (446) (17,000) SOLE SOLE 26.250
Global TelesysteCom 37936U104 (457) (37,900) SOLE SOLE 12.063
GTE Corp Com 362320103 12,959 207,000 SOLE SOLE 62.602
Harcourt GeneralCom 41163G101 5,628 103,500 SOLE SOLE 54.375
ICG Comm Com 449246107 (565) (25,600) SOLE SOLE 22.063
Intermag GeneralCom 458771102 (4,841) (255,600) SOLE SOLE 18.938
Intemag General Com 458771AB8 5,821 4,290 SOLE SOLE 135.690
Intermedia Comm Com 458801107 (1,016) (34,146) SOLE SOLE 29.750
International HoCom 459655106 3,515 167,900 SOLE SOLE 20.938
Johns Manville Com 478129109 4,636 345,000 SOLE SOLE 13.438
Johnson & JohnsoCom 478160104 (2,262) (22,200) SOLE SOLE 101.875
Kulicke Soffa Com 501242101 (3,503) (59,000) SOLE SOLE 59.375
Kulicke Soffa SUBNTCV4.7501242AE1 437 3,000 SOLE SOLE 1 145.720
MGC CommunicatioCom 552763302 (1,119) (18,666) SOLE SOLE 59.938
MGC CommunicatioPFDCVSERD 577729500 1,503 28,900 SOLE SOLE 52.001
Mallinkrotd Com 561232109 10,490 241,500 SOLE SOLE 43.438
Mark IV IndustriCom 570387100 5,762 276,000 SOLE SOLE 20.875
Maxtor Corp Com 577729205 (289) (27,400) SOLE SOLE 10.563
Mediaone Com 58440J104 48,295 724,500 SOLE SOLE 66.660
Motorola Com 620076109 (1) (39) SOLE SOLE 29.063
Nabisco Group Com 62952P102 15,213 586,500 SOLE SOLE 25.938
Nabisco Group CALL 62952P902 1,026 1,380 C SOLE SOLE 7.438
Nabisco Group PUT 6295P952 251 3,212 P SOLE SOLE 0.781
Network Plus CorCom 64122D506 (382) (26,900) SOLE SOLE 14.188
Newfield ExploraCom 651290108 (2,719) (69,500) SOLE SOLE 39.125
Pegasus Com 705904100 (1,325) (26,996) SOLE SOLE 49.063
Petco Animal SupCom 716016100 3,415 174,000 SOLE SOLE 19.625
Philippine Long Com 718252604 (1,186) (66,800) SOLE SOLE 17.750
Pioneer Group Com 723684106 10,234 241,500 SOLE SOLE 42.375
Pioneer Std ElecCom 723877106 (2,072) (140,500) SOLE SOLE 14.750
Pogo Producing CCom 730448107 (3,279) (148,200) SOLE SOLE 22.125
Reliastar FinancCom 75952U103 16,282 310,500 SOLE SOLE 52.438
SFX EntertainmenCom 784178105 18,760 414,000 SOLE SOLE 45.313
Santa Fe Snyder Com 80218K105 3,426 301,200 SOLE SOLE 11.375
Scein PharmaceutCom 806416103 2,980 137,800 SOLE SOLE 21.625
Seagate Tech Com 811804103 13,283 241,500 SOLE SOLE 55.000
Seagrams Com 811850106 12,006 207,000 SOLE SOLE 58.000
Sealed Air Corp.Com 81211K100 (3,661) (69,900) SOLE SOLE 52.375
Sealed Air Corp.PFDCVA 81211K209 4,834 95,500 SOLE SOLE 50.620
Siebel Systems Com 826170102 (3,500) (21,400) SOLE SOLE 163.563
Siebel Systems Com 826170AC6 360 1,000 SOLE SOLE 360.200
Smurfit-Stone CoCom 832727101 (234) (18,200) SOLE SOLE 12.875
Southwest Gas Com 844895102 1,225 70,000 SOLE SOLE 17.500
Sprint Corp Com 852061100 (5,194) (87,300) SOLE SOLE 59.500
Stone Container PFDECV$1.7861589307 705 43,400 SOLE SOLE 16.250
Suiza Foods Com 865077101 (1,036) (21,200) SOLE SOLE 48.875
Texas InstrumentCom 882508104 (6,161) (89,700) SOLE SOLE 68.688
Union Carbide Com 905581104 10,227 206,600 SOLE SOLE 49.500
Union Pacific ReCom 907834105 7,586 344,800 SOLE SOLE 22.000
United Asset MgmCom 909420101 5,645 241,500 SOLE SOLE 23.375
US Can Corp Com 90328W105 3,602 207,300 SOLE SOLE 17.375
US West Com 91273H101 17,153 201,800 SOLE SOLE 85.000
Unitedglobalcom Com 913247508 (552) (11,800) SOLE SOLE 46.750
Unitedglobalcom PFDDDEP1/2913247805 774 17,400 SOLE SOLE 44.500
Unocal Corp Com 915289102 (636) (19,200) SOLE SOLE 33.125
Vastar Res Com 922380100 9,896 120,500 SOLE SOLE 82.125
Verio Com 923433106 9,027 162,700 SOLE SOLE 55.484
Veritas Com 923436109 ******* (112,760) SOLE SOLE 113.031
Voicestream Com 928615103 (2,087) (17,943) SOLE SOLE 116.297
WHX Corp Com 929248102 (337) (61,300) SOLE SOLE 5.500
WPP Group SponAdrNew929309300 (6,316) (434,617) SOLE SOLE 14.533
Watson PharmaceuCom 942683103 (1,204) (22,400) SOLE SOLE 53.750
Wells Fargo Com 949746101 (7,639) (197,145) SOLE SOLE 38.750
Wesley Jessen Com 951018100 10,367 276,000 SOLE SOLE 37.563
Winstar CommunicCom 975515107 (5,434) (160,422) SOLE SOLE 33.875
Young & Rubicam Com 987425105 5,953 104,100 SOLE SOLE 57.188
</TABLE> **
