January 29, 1998
Securities and Exchange Commission
Washington DC 20549
Gentlemen:
Pursuant to the requirements 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
<PAGE>
Schedule 13G
(Amendment No. 9)
HICKOK INCORPORATED IRS # 34-0288470
CLASS A $1.00 PAR VALUE
CUSIP 428830103
ITEM #1
NAME OF REPORTING PERSON
S.S. OR IRS NUMBER OF ABOVE PERSON
Koonce Securities Inc.
Tax ID 52-1175998
ITEM #2
NOT APPLICABLE
ITEM #3
SEC USE ONLY
ITEM #4
CITIZENSHIP OF PLACE OF ORGANIZATION
Maryland
ITEM #5
SOLE VOTING POWER
124,039
ITEM #6
SHARED VOTING POWER
NONE
ITEM #7
SOLE DISPOSITIVE POWER
124,039
ITEM #8
SHARED DISPOSITIVE POWER
NONE
ITEM #9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
124,039
ITEM #10
NOT APPLICABLE
ITEM #11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.8%
ITEM #12
TYPE OF REPORTING PERSON
BD
<PAGE>
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.
Calvin S. Koonce
President
Koonce Securities, Inc.
January 29, 1998
