Form 4/A
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 Advest
Group, Inc. ("ADV")
3. IRS or Social Security Number of Reporting Person
(Voluntary)
4. Statement for Month/Year - August, 2000
5. If Amendment, Date of Original (Month/Year) September,
2000
6. Relationship of Reporting Person to Issuer - 10% Owner
and Director
Table I - Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
1. Title of Security -- Common Stock $.01 Par Value
2. Transaction Date. -- August 1, 2000
3. Transaction Code -- J(1).
4. Securities Acquired (A) or Disposed of (D)
Amount = 49. (Earned shares under the Director's
Equity Plan for the quarter ending June 30, 2000.)
(A) or (D) = A.
Price 0.0000
2. Transaction Date. -- August 24, 2000
3. Transaction Code -- J(2).
4. Securities Acquired (A) or Disposed of (D)
Amount = 50,000. (Shares received as a charitable
contribution)
(A) or (D) = A.
Price 0.0000
2. Transaction Date. -- August 24, 2000
3. Transaction Code -- J(3)
4. Securities Acquired (A) or Disposed of (D)
Amount = 50,000
(A) or (D) = N/A (Securities were Transferred (T)
from Peter Kellogg to the Peter R. and Cynthia K.
Kellogg Foundation).
Price 0.0000.
5 Amount of Securities Beneficially Owned at End of Month
= 450,112 (112 shares are earned shares under the Director's
Equity Plan for the quarters ending March 31, and June 30,
2000 and are held in escrow.)
6 Ownership Form -- (D).
7 Nature of Indirect Beneficial Ownership -- N/A.
5. Amount of Securities Beneficially Owned at End of
Month
= 910,000.
6. Ownership Form -- (I).
7. Nature of Indirect Beneficial Ownership -- 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
= 100,000.
6. Ownership Form -- (I).
7. Nature of Indirect Beneficial 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
= 100,000.
6. Ownership Form -- (I).
7. Nature of Indirect Beneficial Ownership -- Peter R. and
Cynthia K. Kellogg Foundation. Mr. Kellogg disclaims
beneficial ownership of these shares.
5. Amount of Securities Beneficially Owned at End of Month
= 20,000.
6. Ownership Form -- (I).
7. Nature of Indirect Beneficial Ownership -- J.C. Kellogg
Foundation, a non-profit organization of which Mr. Kellogg
is a trustee.
5. Amount of Securities Beneficially Owned at End of Month
= 34,500.
6. Ownership Form -- (I).
7. Nature of Indirect Beneficial Ownership -- Spear, Leeds
& Kellogg, a New York limited partnership of which Mr.
Kellogg is a Senior Managing Director. 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--2000 Non-Employee
Director Stock Option Plan.
2. Conversion or Exercise Price of Derivative Security--
$17.75.
3. Transaction Date--March 2, 2000.
4. Transaction Code(A) (V) and (J(4)).
5. Number of Derivative Securities Acquired (A) or Disposed
(D) -- 2,500 (A).
6. Date Exercisable -- September 2, 2002 and Expiration
Date -- March 1, 2005.
7. Title and Amount of Underlying Securities--Common Stock,
2,500 shares.
8. Price of Derivative Securities N/A.
9. Number of Derivative Securities Beneficially Owned at End
of Year: 2,500.
10.Ownership Form of Derivative Security -- (D).
11.Nature of Indirect Beneficial Ownership N/A.
J(1) Earned shares under the Director's Equity Plan for the
quarter ending June 30, 2000.
J(2) These shares were received as a charitable
contribution for the Peter R. and Cynthia K. Kellogg
Foundation.
J(3) Peter Kellogg transferred 50,000 shares that he
beneficially owned to the Peter R. and Cynthia K. Kellogg
Foundation. Mr. Kellogg disclaims beneficial ownership of
these shares.
J(4) Grant of option to purchase shares of common stock
under the 2000 Non-Employee Director Stock Option Plan. The
options are exercisable in equal thirds, September 2, 2002,
September 2, 2003 and September 2, 2004.
September 11, 2000 Peter R. Kellogg
Date Peter R. Kellogg
