Schedule 13 G
Item 1 (a) Genesee Corporation
(b) 445 St. Paul St.
Rochester, New York 14605
Item 2 (a) Corbyn Investment Management, Inc., et al.
(b) Suite 108
2330 W. Joppa Road
Lutherville, Maryland 21093
(c) Incorporated in the State of Maryland
(d) Common Stock
(e) 371601204
Item 3 (h) The filer is a group consisting of an Investment Adviser
registered under Section 203 of the Investment Advisers Act of 1940 and
an Investment Company registered under Section 8 of the Investment
Company Act.
Item 4 (a) 83,967
(b) 6.0%
(c) (i) Sole power to vote or direct the vote of all 83,967 shares
(iii) Sole power to dispose of or direct the disposition of all
83,967 shares
Item 5 N/A
Item 6 N/A
Item 7 N/A
Item 8 (a)The group consists of an Investment Adviser registered under
Section 203 of the Investment Advisers Act of 1940 (IA) and an
Investment Company registered under Section 8 of the Investment
Company Act (IV).
Item 9 N/A
Schedule 13 G
Item 1 (a) Genesee Corporation
(b) 445 St. Paul St.
Rochester, New York 14605
Item 2 (a) Corbyn Investment Management, Inc.
(b) Suite 108
2330 W. Joppa Road
Lutherville, Maryland 21093
(c) Incorporated in the State of Maryland
(d) Common Stock
(e) 371601204
Item 3 (e) The filer is an Investment Adviser registered under Section
203 of the Investment Advisers Act of 1940.
Item 4 (a) 64,067
(b) 4.6%
(c) (i) Sole power to vote or direct the vote of all 64,067 shares
(iii) Sole power to dispose of or direct the disposition of all
64,067 shares
Item 5 N/A
Item 6 N/A
Item 7 N/A
Item 8 N/A
Item 9 N/A
Schedule 13 G
Item 1 (a) Genesee Corporation
(b) 445 St. Paul St.
Rochester, New York 14605
Item 2 (a) Greenspring Fund, Inc.
(b) Suite 110
2330 W. Joppa Road
Lutherville, Maryland 21093
(c) Incorporated in the State of Maryland
(d) Common Stock
(e) 371601204
Item 3 (d) The filer is an Investment Company registered under
Section 8 of the Investment Company Act.
Item 4 (a) 19,900
(b) 1.4%
(c) (i) Sole power to vote or direct the vote of all 19,900 shares
(iii) Sole power to dispose of or direct the disposition of all
19,900 shares
Item 5 N/A
Item 6 N/A
Item 7 N/A
Item 8 N/A
Item 9 N/A
Item 10 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.
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.
January 8, 1998
Signature
Charles vK. Carlson, President
Name/Title
<PAGE>
CUSIP No. 371601204 13G
1. Name of Reporting Person
SS Identification No. of Above Person
Corbyn Investment Management, Inc. et al
n/a
2. Check The Appropriate Box If A Member Of A Control Group (a) [x]
(b) [ ]
3. SEC Use Only
4. Citizenship or Place of Organization
Suite 108 2330 W. Joppa Rd.
Lutherville, MD 21093
Number Of 5. Sole Voting Power
Shares 83,967
Beneficially 6. Shared Voting Power
Owned By
Each 7. Sole Dispositive Power
Reporting 83,967
Person With 8. Shared Dispositive Power
9. Aggregate Amount Beneficially Owned By Each Reporting Person
83,967
10. Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares [ ]
11. Percent Of Class Represented By Amount In Row 9
6.0%
12. Type Of Reporting Person
00- Group Consisting of IA and IV
CUSIP No. 371601204 13G
1. Name of Reporting Person
SS Identification No. of Above Person
Corbyn Investment Management, Inc.
52-0964322
2. Check The Appropriate Box If A Member Of A Control Group (a) [x]
(b) [ ]
3. SEC Use Only
4. Citizenship or Place of Organization
Suite 108 2330 W. Joppa Rd.
Lutherville, MD 21093
Number Of 5. Sole Voting Power
Shares 64,067
Beneficially 6. Shared Voting Power
Owned By
Each 7. Sole Dispositive Power
Reporting 64,067
Person With 8. Shared Dispositive Power
9. Aggregate Amount Beneficially Owned By Each Reporting Person
64,067
10. Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares [ ]
11. Percent Of Class Represented By Amount In Row 9
4.6%
12. Type Of Reporting Person
IA
CUSIP No. 371601204 13G
1. Name of Reporting Person
SS Identification No. of Above Person
Greenspring Fund, Inc.
52-1267740
2. Check The Appropriate Box If A Member Of A Control Group (a) [x]
(b) [ ]
3. SEC Use Only
4. Citizenship or Place of Organization
Suite 110 2330 W. Joppa Rd.
Lutherville, MD 21093
Number Of 5. Sole Voting Power
Shares 19,900
Beneficially 6. Shared Voting Power
Owned By
Each 7. Sole Dispositive Power
Reporting 19,900
Person With 8. Shared Dispositive Power
9. Aggregate Amount Beneficially Owned By Each Reporting Person
19,900
10. Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares [ ]
11. Percent Of Class Represented By Amount In Row 9
1.4%
12. Type Of Reporting Person
IV
