[TEXT]
I REPRESENT THAT I AM AUTHORIZED TO SUBMIT THIS FORM AND
THAT ALL INFORMATION IN THIS FORM AND THE ATTACHMENTS TO IT
IS TRUE, CORRECT AND COMPLETE, AND I UNDERSTAND THAT ALL
REQUIRED ITEMS, STATEMENTS AND SCHEDULES ARE INTEGRAL PARTS
OF THIS FORM AND THAT THE SUBMISSION OF ANY AMENDMENT
REPRESENTS THAT ALL UNAMENDED ITEMS, STATEMENTS AND
SCHEDULES REMAIN TRUE, CORRECT AND COMPLETE AS PREVIOUSLY
SUBMITTED.
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES
EXCHANGE ACT OF 1934.
/s/ John H. Kunkle
MAY 11, 1999
<TABLE>
NAME OF ISSUER TITLE CUSIP Value Shares/ SH/ PUT/ INVSTMMANAGERS VOTING AUTHORITY
(x$1000)PRN AMT PRN CALL DSCRETN SOLE SHARED NONE
<C> <C> <C> <C> <C> <C> <C> <C>
123456789012345678901234567890123456789012345678901234567890123456789012345678901234567890123456789012345678901234567890
D AGCO Corp. COM 001084102 1225 186674 SH SOLE 186674
D AMR Corp. COM 001765106 10689 182520 SH SOLE 182520
D Air Express Int'l COM 009104100 1687 111539 SH SOLE 111539
D Alaska Air Lines COM 011659109 5700 120000 SH SOLE 120000
D Allegheny Teledyne Inc. COM 017415100 793 41850 SH SOLE 41850
D American International Group COM 026874107 594 4925 SH SOLE 4925
D American Woodmark Corp COM 030506109 7144 225903 SH SOLE 225903
D Applied Materials COM 038222105 9253 150000 SH SOLE 150000
D Armstrong World COM 042476101 818 18100 SH SOLE 18100
D Autonation Corp. COM 031905102 184 15000 SH SOLE 15000
D BE Aerospace Inc COM 073302101 8812 597440 SH SOLE 597440
D Bristol Myers Squibb COM 110122108 885 13800 SH SOLE 13800
D Burlington Northern Santa Fe COM 12189T104 5379 163618 SH SOLE 163618
D Calpine Corp. COM 131347106 12898 353980 SH SOLE 353980
D Chase Manhattan Crp COM 16161A108 3118 38316 SH SOLE 38316
D Citigroup Inc. COM 173034109 10748 168271 SH SOLE 168271
D Coach USA COM 18975L106 5077 184600 SH SOLE 184600
D Commercial Intertech COM 201709102 2780 249910 SH SOLE 249910
D Computer Assoc Int'l COM 204912109 5867 164982 SH SOLE 164982
D Conseco Inc. COM 208464107 21763 704877 SH SOLE 704877
D Crossman Communities COM 22764E109 5969 299400 SH SOLE 299400
D D&K Healthcare COM 232861104 433 17500 SH SOLE 17500
D Dana Corp COM 235811106 597 15700 SH SOLE 15700
D Deere & Co. COM 244199105 251 6500 SH SOLE 6500
D Edwards, A. G. COM 281760108 2181 66712 SH SOLE 66712
D Fannie Mae COM 313586109 9362 135192 SH SOLE 135192
D Fidelity Nat'l Fin'l COM 316326107 4432 295489 SH SOLE 295489
D Ford COM 345370100 10730 189291 SH SOLE 189291
D Frontier Insurance COM 359081106 2275 191580 SH SOLE 191580
D General Electric COM 369604103 365 3300 SH SOLE 3300
D Global Marine Inc New COM 379352404 915 77891 SH SOLE 77891
D Graco Inc. COM 384109104 3360 152310 SH SOLE 152310
D Griffon Corp. COM 398433102 1938 281880 SH SOLE 281880
D Helix COM 423319102 477 31000 SH SOLE 31000
D Idex Corp COM 45167R104 2249 95450 SH SOLE 95450
D Intel Corp COM 458140100 5516 46400 SH SOLE 46400
D International Business MachinesCOM 459200101 1040 5866 SH SOLE 5866
D Iomega Corp. COM 462030107 51 10000 SH SOLE 10000
D JLG Industries Inc. COM 466210101 2630 193000 SH SOLE 193000
D Lockheed Martin COM 539830109 2198 58228 SH SOLE 58228
D Loews Corp. COM 540424108 1022 13700 SH SOLE 13700
D Long Beach Financial Corp. COM 542446109 1824 189500 SH SOLE 189500
D Matthews Inter'l Corp. COM 577128101 548 20000 SH SOLE 20000
D Mellon Bank COM 585509102 11566 164355 SH SOLE 164355
D Merck & Company COM 589331107 965 12046 SH SOLE 12046
D Merrill Lynch COM 590188108 16625 187850 SH SOLE 187850
D Monaco Coach COM 60886R103 796 34500 SH SOLE 34500
D Morgan Stanley Dean Witter DiscCOM 617446448 9643 96490 SH SOLE 96490
D NVR Inc. COM 62944T105 2191 52000 SH SOLE 52000
D National City Corp. COM 635405103 1910 28774 SH SOLE 28774
D National RV Holdings COM 637277104 10569 477705 SH SOLE 477705
D Omni Energy Services COM 68210T109 865 214550 SH SOLE 214550
D Philip Morris COM 718154107 3412 96980 SH SOLE 96980
D Piercing Pagoda Inc COM 720773100 103 11500 SH SOLE 11500
D RTI International Metals Inc. COM 74961H203 3680 367950 SH SOLE 367950
D Reliance Group Holdings COM 759464100 3784 492200 SH SOLE 492200
D SCIOS Inc COM 808905103 1287 142000 SH SOLE 142000
D Southdown Inc. COM 841297104 4941 92040 SH SOLE 92040
D Southwest SEC Inc. COM 845224104 9324 330057 SH SOLE 330057
D Stanley Furniture COM 854305208 9917 508560 SH SOLE 508560
D Superior Industries COM 868168105 1616 69496 SH SOLE 69496
D Texas Industries Inc. COM 882491103 2623 105708 SH SOLE 105708
D Vesta COM 925391104 305 59500 SH SOLE 59500
D Winsloew Furniture COM 975377102 5814 195025 SH SOLE 195025
D Federated Income TR MUT 314199100 110 10650 SH
D N & B Partners Neuberger MUT 641224407 110 12420 SH SOLE 12420
D PIMCO Total Return AdministratiMUT 693390726 324 22105 SH SOLE 22105
D Spartan Money Market MUT 316413103 229 94973 SH SOLE 94973
D Spartan Short Term Bond Fd MUT 316069509 95 14174 SH SOLE 14174
D Vanguard Windsor Fund II MUT 922018205 128 8385 SH SOLE 8385
D Wasatch Micro-Cap Fund MUT 936772508 255 17641 SH SOLE 17641
S GRAND TOTAL 71 DATA RECOR 278963
</TABLE>
