UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. __________ ) *
Allied Research Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
019483106
(CUSIP Number)
November 11, 1999
(Date of Event Which Requires Filing of This Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-(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 1 of 4 Pages
CUSIP No. 019483106 13G Page 2 of 4 Pages
1) Names of Reporting Persons
SS or IRS Identification Kahn Capital Management, LLC
Number of Above Persons: 33-0798372
2) Check the Appropriate Box (a)
if a Member of a Group: (b)
(See Instructions) Not Applicable
3) SEC Use Only
4) Citizenship or Place of
Organization:
United States
5) Number of Shares 5) Sole Voting Power: 334,500
Beneficially Owned 6) Shared Voting Power: -0-
by Each Reporting 7) Sole Dispositive Power: 334,500
Person With: 8) Shared Dispositive Power: -0-
9) Aggregate Amount
Beneficially Owned by
Each Reporting Person: 334,500
10) Check if the Aggregate Amount
in Row (9) Excludes Certain Shares:
(See Instructions) Not applicable.
11) Percent of Class Represented by
Amount in Row 9: 6.9%
12) Type of Reporting Person:
(See Instructions) CO
CUSIP No. 019483106 13G Page 3 of 4 Pages
Item 1(a). Name of Issuer: Allied Research Corporation
Item 1(b). Address of Issuer's Principal Executive Offices:
8000 Towers Crescent Drive, Suite 750, Vienna, VA 22182
Item 2(a). Name of Person Filing: Kahn Capital Management, LLC
Item 2(b). Address of Principal Business Office or, if None, Residence:
8910 University Center Lane, Suite 570, San Diego, California 92122
Item 2(c). Citizenship: United States
Item 2(d). Title of Class of Securities: Common Stock
Item 2(e). CUSIP No.: 019483106
Item 3. If this statement is filed pursuant to Rule 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 Advisor 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 ss.240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with ss.240.13d-1(b)(1)(ii)
(G) (Note: See Item 7)
(h) [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(H)
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: 334,500
(b) Percent of Class: 6.9%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 334,500
(ii) shared power to vote or to direct the vote: - 0 -
(iii)sole power to dispose or to direct the disposition of:
334,500
(iv) shared power to dispose or to direct the disposition of: - 0 -
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.
CUSIP No. 019483106 13G Page 4 of 4 Pages
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
The shares are held by Kahn Capital Partners, L.P., a private investment
fund of which the reporting person is the general partner.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding Company.
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 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.
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.
November 18, 1999
(Date)
/s/ Brian R. Kahn
(Signature)
Brian R. Kahn, Manager
(Name/Title)
