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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
ALLIED PRODUCTS CORPORATION
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
019411107
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(CUSIP Number)
*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 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).
(Continued on following page(s))
Page 1 of 4 Pages
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CUSIP No. 019411107 13G Page 2 of 4 Pages
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(1) Names of Reporting Persons.
S.S. or I.R.S. Identification Nos. of Above Persons.
Neumeier Investment Counsel
77-0444891
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* N/A (b) / /
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(3) SEC Use Only
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(4) Citizenship or Place of Organization
California
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Number of Shares (5) Sole Voting Power
Beneficially 654,600
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting Power
Person With
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(7) Sole Dispositive Power
923,500
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(8) Shared Dispositive Power
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person
923,500
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(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* / /
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(11) Percent of Class Represented by Amount in Row (9)
7.8%
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(12) Type of Reporting Person*
IA, IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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Page 3 of 4 Pages
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ITEM 1.
(a) Name of Issuer
ALLIED PRODUCTS CORP.
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(b) Address of Issuer's Principal Executive Offices
10 South Riverside Plaza, Chicago, IL 60606
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ITEM 2.
(a) Name of Person(s) Filing
Neumeier Investment Counsel LLC
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(b) Address of Principal Business Office or, if none, Residence
26435 Carmel Rancho Blvd., Carmel, CA 93923
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(c) Citizenship
USA, California
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(d) Title of Class of Securities
Common Stock
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(e) CUSIP Number
019411107
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ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A
(a) / / Broker or Dealer registered under Section 15 of the Act
(b) / / Bank as defined in section 3(a)(6) of the Act
(c) / / Insurance Company as defined in section 3(a)(19) of the Act
(d) / / Investment Company registered under section 8 of the Investment
Company Act
(e) / / Investment Adviser registered under section 203 of the Investment
Advisers Act of 1940
(f) / / Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974
or Endowment Fund; see Rule 13d-1(b)(1)(ii)(F)
(g) / / Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G)
(Note: See Item 7)
(h) / / Group, in accordance with Rule 13d-1(b)(1)(ii)(H)
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Page 4 of 4 Pages
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ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned:
923,500
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(b) Percent of Class:
7.8%
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(c) Number of shares as to which the person has:
(i) sole power to vote or to direct the vote
654,600
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(ii) shared power to vote or to direct the vote
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(iii) sole power to dispose or to direct the disposition of
923,500
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(iv) shared power to dispose or to direct the disposition of
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ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following. / /
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
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ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
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ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
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ITEM 9. NOTICE OF DISSOLUTION OF GROUP
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ITEM 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect
of changing or influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in any transaction
having such purposes or effect.
SIGNATURE
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.
February 12, 1999
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Date
/s/ Peter Neumeier
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Signature
Peter Neumeier/President
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Name/Title
