SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
WELLCO ENTERPRISES, INC.
(Name of Issuer)
Common Stock, $1.00 par value per share
(Title of class of securities)
949476 1 05
(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ].
(A fee is not required only if the filing person: (l) has a previous
statement on file reporting beneficial ownership of more than five percent
of the class of securities described in Item l; and (2) has filed no
amendment subsequent thereto reporting beneficial ownership of five
percent or less of such class.) (See Rule 13d-7).
*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 l8 of the Securities
Exchange Act of l934 ("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. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
CORONET INSURANCE COMPANY
2. Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [ ]
3. SEC Use Only
4. Citizenship or Place of Organization
ILLINOIS
5. Sole Voting Power
0 Common Shares
6. Shared Voting Power
N/A
7. Sole Dispositive Power
25,000 Common Shares
8. Shared Dispositive Power
N/A
9. Aggregate Amount Beneficially Owned By Each Reporting Person
25,000 Common Shares
10. Check Box if the Aggregate Amount in Row (ll) excludes
Certain Shares [ ]
11. Percent of Class Represented By Amount in Row (11)
6.94%
12 Type of Reporting Person
IC
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
NORMANDY INSURANCE AGENCY, INC.
2. Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [ ]
3. SEC Use Only
4. Citizenship or Place of Organization
ILLINOIS
5. Sole Voting Power
0 Common Shares
6. Shared Voting Power
N/A
7. Sole Dispositive Power
25,000 Common Shares
8. Shared Dispositive Power
N/A
9. Aggregate Amount Beneficially Owned By Each Reporting Person
25,000 Common Shares
10. Check Box if the Aggregate Amount in Row (ll) excludes
Certain Shares [ ]
11. Percent of Class Represented By Amount in Row (11)
6.94%
12. Type of Reporting Person
CO
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
SUNSTATES CORPORATION
2. Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [ ]
3. SEC Use Only
4. Citizenship or Place of Organization
DELAWARE
5. Sole Voting Power
0 Common Shares
6. Shared Voting Power
N/A
7. Sole Dispositive Power
25,000 Common Shares
8. Shared Dispositive Power
N/A
9. Aggregate Amount Beneficially Owned By Each Reporting Person
25,000 Common Shares
10. Check Box if the Aggregate Amount in Row (ll) excludes
Certain Shares [ ]
11. Percent of Class Represented By Amount in Row (11)
6.94%
12. Type of Reporting Person
CO
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
WISCONSIN REAL ESTATE INVESTMENT TRUST
2. Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [ ]
3. SEC Use Only
4. Citizenship or Place of Organization
WISCONSIN
5. Sole Voting Power
0 Common Shares
6. Shared Voting Power
N/A
7. Sole Dispositive Power
25,000 Common Shares
8. Shared Dispositive Power
N/A
9. Aggregate Amount Beneficially Owned By Each Reporting Person
25,000 Common Shares
10. Check Box if the Aggregate Amount in Row (ll) excludes
Certain Shares [ ]
11. Percent of Class Represented By Amount in Row (11)
6.94%
12. Type of Reporting Person
CO--COMMON LAW TRUST
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
HICKORY FURNITURE COMPANY
2. Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [ ]
3. SEC Use Only
4. Citizenship or Place of Organization
DELAWARE
5. Sole Voting Power
0 Common Shares
6. Shared Voting Power
N/A
7. Sole Dispositive Power
25,000 Common Shares
8. Shared Dispositive Power
N/A
9. Aggregate Amount Beneficially Owned By Each Reporting Person
25,000 Common Shares
11. Percent of Class Represented By Amount in Row (11)
6.94%
12. Type of Reporting Person
CO
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
TELCO CAPITAL CORPORATION
2. Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [ ]
3. SEC Use Only
4. Citizenship or Place of Organization
DELAWARE
5. Sole Voting Power
0 Common Shares
6. Shared Voting Power
N/A
7. Sole Dispositive Power
25,000 Common Shares
8. Shared Dispositive Power
N/A
9. Aggregate Amount Beneficially Owned By Each Reporting Person
25,000 Common Shares
10. Check Box if the Aggregate Amount in Row (ll) excludes
Certain Shares [ ]
11. Percent of Class Represented By Amount in Row (11)
6.94%
12. Type of Reporting Person
CO
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
RDIS CORPORATION
2. Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [ ]
3. SEC Use Only
4. Citizenship or Place of Organization
DELAWARE
5. Sole Voting Power
0 Common Shares
6. Shared Voting Power
N/A
7. Sole Dispositive Power
25,000 Common Shares
8. Shared Dispositive Power
N/A
9. Aggregate Amount Beneficially Owned By Each Reporting Person
25,000 Common Shares
10. Check Box if the Aggregate Amount in Row (ll) excludes
Certain Share [ ]
11. Percent of Class Represented By Amount in Row (11)
6.94%
12. Type of Reporting Person
CO
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
CLYDE WM. ENGLE
2. Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [ ]
3. SEC Use Only
4. Citizenship or Place of Organization
USA
5. Sole Voting Power
0 Common Shares
6. Shared Voting Power
N/A
7. Sole Dispositive Power
25,000 Common Shares
8. Shared Dispositive Power
N/A
9. Aggregate Amount Beneficially Owned By Each Reporting Person
25,000 Common Shares
10. Check Box if the Aggregate Amount in Row (ll) excludes
Certain Shares [ ]
11. Percent of Class Represented By Amount in Row (11)
6.94%
12. Type of Reporting Person
IN
Wellco Enterprises, Inc.
Item l(b) Address of Principal Executive Offices:
Georgia Avenue and Pine Street
P. O. Box l88
Waynesville, NC 28786
Item 2(a)(b)(c)
I. (a) Name of Person Filing:
Coronet Insurance Company
(b) Address of Principal Business Office
3500 West Peterson Avenue
Chicago, Illinois 60659
(c) Citizenship:
Illinois
II. (a) Name of Person Filing:
Normandy Insurance Agency, Inc.
(b) Address of Principal Business Office
3500 West Peterson Avenue
Chicago, Illinois 60659
(c) Citizenship:
Illinois
III. (a) Name of Person Filing:
Sunstates Corporation
(b) Address of Principal Business Office
4600 Marriott Drive - Suite 200
Raleigh, North Carolina 27612
(c) Citizenship:
Delaware
IV. (a) Name of Person Filing:
Wisconsin Real Estate Investment Trust
(b) Address of Principal Business Office
55 E. Monroe Street-Suite 1600
Chicago, Illinois 60603
(c) Citizenship:
Wisconsin
V. (a) Name of Person Filing:
Hickory Furniture Company
(b) Address of Principal Business Office
55 E. Monroe Street-Suite 1600
Chicago, Illinois 60603
(c) Citizenship:
Delaware
VI. (a) Name of Person Filing:
Telco Capital Corporation
(b) Address of Principal Business Office
55 E. Monroe Street-Suite 1600
Chicago, Illinois 60603
(c) Citizenship:
Delaware
VII. (a) Name of Person Filing:
RDIS Corporation
(b) Address of Principal Business Office
55 E. Monroe Street-Suite 1600
Chicago, Illinois 60603
(c) Citizenship:
Delaware
VIII. (a) Name of Person Filing:
Clyde Wm. Engle
(b) Address of Principal Business Office
55 E. Monroe Street-Suite 1600
Chicago, Illinois 60603
(c) Citizenship:
U.S.A.
Item 2(d) Title of Class Securities:
Common Stock
Item 2(e) CUSIP Number:
949476 1 05
Item 3 If this statement is filed pursuant to Rules l3d- l(b), or
13d-2(b), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under
Section l5 of the Act
(b) [ ] Bank as defined in Section 3(a)(6)
(c) [ X ] Insurance Company as defined in
section 3(a)(l9) 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 l940
(f) [ ] Employee Benefit Plan, Pension Fund
which is subject to the provisions of the Employee
Retirement Income Security Act of l974 or
Endowment Fund: see section 240.13d-(l)(b)(l)
(ii)(F)
(g) [ X ] Parent Holding Company, in accordance
with section 240.13d-l(b)(ii)(G)
(note: see Item 7)
(h) [ ] Group, in accordance with section 240.13d-l(b)(l)
(ii)(H)
Item 4. Ownership
(a) Amount beneficially Owned by Coronet Insurance Company
on December 31, 1995 - 25,000 shares.
(b) Percent of Class
Approximately 6.94%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the
vote:
0
(ii) shared power to vote or to direct the
vote:
0
(iii) sole power to dispose or to direct the
disposition of:
25,000
(iv) shared power to dispose or to direct the
disposition of:
25,000
All the shares owned by Coronet
Insurance Company, may also be deemed
to be owned beneficially
by the other reporting persons.
Item 5. Ownership of Five Percent or Less of a Class
No
Item 6. Ownership of More than Five Percent on Behalf of Another
Person
Not Applicable
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. Certification
By signing below the undersigned certifies that to the best of the
undersigned's 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 effect of changing or influencing the control
of the issuer of such securities and were not acquired in connection with
or as a part of any transaction having such purposes or effect.
After reasonable inquiry and to the best of the undersigned's
knowledge and belief, the undersigned hereby certifies that the
information set forth in this statement is true, complete and correct.
<PAGE>
SIGNATURES
Dated: February 14, 1996
CORONET INSURANCE COMPANY
NORMANDY INSURANCE AGENCY, INC.
SUNSTATES CORPORATION
WISCONSIN REAL ESTATE INVESTMENT
TRUST
HICKORY FURNITURE COMPANY
TELCO CAPITAL CORPORATION
RDIS CORPORATION
CLYDE WM. ENGLE
By:/s/CLYDE WM. ENGLE
Clyde Wm. Engle
Thereunto duly authorized
/s/CLYDE WM. ENGLE
Clyde Wm. Engle
