January 3, 1997
Securities and Exchange Commission
Washington DC 20549
Gentlemen:
Pursuant to the requirement of the Securities Exchange Act
of 1934 we are transmitting herewith the attached Schedule 13G amendment.
Sincerely,
Calvin S. Koonce
President
Koonce Securities, Inc.
6550 Rock Spring Drive
Suite 600
Bethesda MD 20817
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Schedule 13G
(Amendment No. 9)
HICKOK INCORPORATED IRS# 34-0288470
CLASS A $1.00 PAR VALUE
CUSIP 428830103
ITEM #1
NAME OF REPORTING PERSON
SS OR IRS ID #
Koonce Securities Inc.
Tax ID 52-1175998
ITEM # 2
NOT APPLICABLE
ITEM #3
SEC USE ONLY
ITEM #4
CITIZENSHIP OR PLACE OR ORGANIZATION
Maryland
ITEM #5
SOLE VOTING POWER
113,179
ITEM #6
SHARED VOTING POWER
NONE
ITEM #7
SOLE DIPOSITIVE POWER
113,179
ITEM #8
SHARED DISPOSITIVE POWER
NONE
ITEM #9
AGGREGATE AMOUNT BENEFICALLY OWNED BY EACH
REPORTING PERSON
113,179
ITEM #10
NOT APPLICABLE
ITEM #11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
15.3%
ITEM #12
TYPE OF REPORTING PERSON
BD
<PAGE>
After reasonable inquiry and to the best of my knowledge
and belief, I certify the information set forth in this statement
is true, complete and correct.
Calvin S. Koonce
President
Koonce Securities, Inc.
January 3, 1997
Conforming filing date
April 14, 1997
