SCHEDULE 13G
(Rule 13d-102)
Information to be Included in Statements Filed Pursuant to Rule 13d-1(b),
(c) and (d) and Amendments Thereto Filed Pursuant to Rule 13d-2.
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Under the Securities Exchange Act of 1934
(Amendment No. _____)*
DUCKWALL-ALCO STORES INC
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(Name of Issuer)
COMMON STOCK, par value $.01 per share
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(Title or Class of Securities)
264142100
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(CUSIP Number)
April 14, 2000
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
X Rule 13d-1(b)
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____ Rule 13d-1(c)
____ Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act, but shall be subject to all other provisions of the Act (however, see
the Notes).
<PAGE>
CUSIP No. 264142100 13G Page / of / / Pages
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1. Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Kansas Public Employees Retirement System
FIN # 48-0944170
2. Check the appropriate box if a member of a group
(a)
(b) [X]
3. SEC Use Only
4. Citizenship or Place of Organization
State of Kansas
Number of Shares Beneficially Owned by Each Reporting Person With:
5. Sole Voting Power
796,100
6. Shared Voting Power
None
7. Sole Dispositive Power
705,300
8. Shared Dispositive Power
None
9. Aggregate Amount Beneficially Owned by Each Reporting Person
705,300
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
Not applicable.
11. Percent of Class Represented by Amount in Row 9
14.8%
12. Type of Reporting Person
EP
<PAGE>
Item 1(a) Name of Issuer:
Duckwall-Alco Stores, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
401 Cottage Avenue, Abilene, Kansas 67410-2832
Item 2(a) Name of Person Filing:
Kansas Public Employees Retirement System (KPERS)
Item 2(b) Address of Principal Business Office or, if None, Residence:
611 S. Kansas Avenue, Suite 100, Topeka, Kansas 66603-3803
Item 2(c) Citizenship:
State of Kansas
Item 2(d) Title of Class of Securities:
Common Stock, par value $.01 per share
Item 2(e) Cusip Number:
#264142100
Item 3 If this statement is filed pursuant to Rule 13d-1(b), or
13d-2(b) or (c), check whether the person filing is a: (f) An
employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F)
Item 4 Ownership: Provide the following information regarding the
aggregate number and percentage of the class of securities of
the issuer identified in Item 1.
(a) Amount beneficially owned: 705,300 common shares
(b) Percent of class: 14.8%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 705,300
(ii) Shared power to vote or to direct the vote: None
(iii) Sole power to dispose or to direct the disposition
of: 705,300
(iv) Shared power to dispose or to direct the
disposition of: None
Item 5 Ownership of Five Percent of Less of a Class:
Not Applicable
Item 6 Ownership of More than Five Percent on Behalf of Another
Person: Not Applicable
Item 7 Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company or Control Person: Not Applicable
Item 8 Identification and Classification of Members of the Group:
Not Applicable
Item 9 Notice of Dissolution of Group:
Not Applicable
Item 10 Certifications:
"By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were acquired and are held in the ordinary course
of business and were not acquired and are not held for the purpose of or with
the effect of changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect."
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
May 3, 2000
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(Date)
/s/ Robert L. Woodard
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(Signature)
Robert L. Woodard
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Chief Investment Officer
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(Name and Title)
