FIDUCIARY MANAGEMENT ASSOCIATES
NSAR-A, 1996-05-28
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<PAGE>      PAGE  1
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SIGNATURE   CATHY WHITE                                  
TITLE       ASST VICE PRESIDENT 
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000035429
<NAME> FIDUCIARY MANAGEMENT ASSOCIATES, INC.
       
<S>                             <C>
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