NOONEY REALTY TRUST INC
SC 13D/A, 1998-02-20
REAL ESTATE INVESTMENT TRUSTS
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<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13D
                                 (Rule 13d-101)

                    Under the Securities Exchange Act of 1934
                               (Amendment No. 3)*

                            NOONEY REALTY TRUST, INC.
                                (Name of Issuer)

                          Common Stock, $1.00 Par Value
                         (Title of Class of Securities)

                                    655379105
                                 (CUSIP Number)

      Scott M. Herpich, Lathrop & Gage L.C., 2345 Grand Blvd., Suite 2800,
                      Kansas City, MO 64108, (816) 292-2000
                  (Name, Address and Telephone Number of Person
                Authorized to Receive Notices and Communications)

                                    08/26/97
             (Date of Event Which Requires Filing of This Statement)

If the  reporting  person has  previously  filed a statement  on Schedule 13G to
report the acquisition  which is the subject of this Schedule 13D, and is filing
this  schedule  because of Rule 13d-1(b) (3) or (4),  check the  following  box.
______


     Note: Six copies of this statement, including all exhibits, should be filed
with the Commission.  See Rule 13d-1 (a) for other parties to whom copies are to
be sent.

                         (Continued on following pages)
                              (Page 1 of 10 pages)
- --------------------
*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 on 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).


                                        1

<PAGE>



CUSIP Number 655379105

(1)     Name of Reporting Person
          S.S. or I.R.S. Identification No. of Above Person
           KelCor, Inc.
           43-1620514

(2)     Check the Appropriate Box                      (a)      X
                                                              -----
          if a Member of a Group*                      (b)    _____

(3)     SEC Use Only

(4)     Source of funds
          WC**

(5)     Check Box if Disclosure of Legal Proceedings is
          Required Pursuant to Items 2(d) or 2(e)             _____

(6)      Citizenship or Place of Organization
           Missouri

           Number of shares                (7)     Sole Voting Power
           beneficially owned                        None
           by each reporting
           person with:                    (8)     Shared Voting Power
                                                     41,113

                                           (9)     Sole Dispositive Power
                                                     None

                                           (10)    Shared Dispositive Power
                                                     41,113

(11)     Aggregate Amount Beneficially Owned By Each Reporting Person
              41,113

(12)     Check Box if the Aggregate Amount in Row (11) Excludes
         Certain Shares*                                      ______

(13)     Percent of Class Represented by Amount in  Row (11)
          4.74%

(14)     Type of Reporting Person*
            CO

*  See Instructions before Filling Out!
** A portion of the funds was obtained by purchasing on a margin account.


                                        2

<PAGE>



CUSIP Number 655379105

(1)     Name of Reporting Person
          S.S. or I.R.S. Identification No. of Above Person
           David L. Johnson
           ###-##-####

(2)     Check the Appropriate Box                      (a)      X
                                                              -----
          if a Member of a Group*                      (b)    _____

(3)     SEC Use Only

(4)     Source of funds
          PF**

(5)     Check Box if Disclosure of Legal Proceedings is
          Required Pursuant to Items 2(d) or 2(e)             _____

(6)      Citizenship or Place of Organization
           United States

           Number of shares           (7)     Sole Voting Power
           beneficially owned                    None
           by each reporting
           person with:               (8)     Shared Voting Power
                                                 80,682

                                      (9)     Sole Dispositive Power
                                                 None

                                      (10)    Shared Dispositive Power
                                                 80,682

(11)     Aggregate Amount Beneficially Owned By Each Reporting Person
              80,682

(12)     Check Box if the Aggregate Amount in Row (11) Excludes
         Certain Shares*                                      ______
(13)     Percent of Class Represented by Amount in  Row (11)
          9.31%

(14)     Type of Reporting Person*
            IN

*  See Instructions before Filling Out!
** A portion of the funds was obtained by purchasing on a margin account.


                                        3

<PAGE>



CUSIP Number 655379105

(1)     Name of Reporting Person
          S.S. or I.R.S. Identification No. of Above Person
           Sandra L. Castetter
           ###-##-####

(2)     Check the Appropriate Box                      (a)      X
                                                              -----
          if a Member of a Group*                      (b)    _____

(3)     SEC Use Only

(4)     Source of funds
          PF**

(5)     Check Box if Disclosure of Legal Proceedings is
          Required Pursuant to Items 2(d) or 2(e)             _____

(6)      Citizenship or Place of Organization
           United States

           Number of shares      (7)     Sole Voting Power
           beneficially owned              None
           by each reporting
           person with:          (8)     Shared Voting Power
                                            80,682

                                 (9)     Sole Dispositive Power
                                            None

                                 (10)    Shared Dispositive Power
                                            80,682

(11)     Aggregate Amount Beneficially Owned By Each Reporting Person
              80,682

(12)     Check Box if the Aggregate Amount in Row (11) Excludes
         Certain Shares*                                      _____

(13)     Percent of Class Represented by Amount in  Row (11)
          9.31%

(14)     Type of Reporting Person*
            IN

*  See Instructions before Filling Out!
** A portion of the funds was obtained by purchasing on a margin account.


                                       4

<PAGE>



CUSIP Number 655379105

(1)     Name of Reporting Person
          S.S. or I.R.S. Identification No. of Above Person
           Daniel W. Pishny
           ###-##-####

(2)     Check the Appropriate Box                      (a)       X
                                                              ------
          if a Member of a Group*                      (b)    ______

(3)     SEC Use Only

(4)     Source of funds
          PF**

(5)     Check Box if Disclosure of Legal Proceedings is
          Required Pursuant to Items 2(d) or 2(e)             ______

(6)      Citizenship or Place of Organization
           United States

           Number of shares          (7)     Sole Voting Power
           beneficially owned                 4,100
           by each reporting
           person with:              (8)     Shared Voting Power
                                               None

                                     (9)     Sole Dispositive Power
                                                4,100

                                     (10)    Shared Dispositive Power
                                                None

(11)     Aggregate Amount Beneficially Owned By Each Reporting Person
              4,100

(12)     Check Box if the Aggregate Amount in Row (11) Excludes
         Certain Shares*                                      ______

(13)     Percent of Class Represented by Amount in  Row (11)
          0.47%

(14)     Type of Reporting Person*
            IN

*  See Instructions before Filling Out!
** A portion of the funds was obtained by purchasing on a margin account.


                                        5

<PAGE>



CUSIP Number 655379105

(1)     Name of Reporting Person

         John W. Alvey

(2)     Check the Appropriate Box                      (a)       X
                                                              ------
          if a Member of a Group*                      (b)    ______

(3)     SEC Use Only

(4)     Source of funds
          PF**

(5)     Check Box if Disclosure of Legal Proceedings is
          Required Pursuant to Items 2(d) or 2(e)             ______

(6)      Citizenship or Place of Organization
           United States

           Number of shares          (7)     Sole Voting Power
           beneficially owned                     18,000
           by each reporting
           person with:               (8)     Shared Voting Power
                                                   ----

                                      (9)     Sole Dispositive Power
                                                   18,000

                                     (10)    Shared Dispositive Power
                                                   ----

(11)     Aggregate Amount Beneficially Owned By Each Reporting Person
              18,000

(12)     Check Box if the Aggregate Amount in Row (11) Excludes
         Certain Shares*                                      ______

(13)     Percent of Class Represented by Amount in  Row (11)
          2.08%

(14)     Type of Reporting Person*
            IN

*  See Instructions before Filling Out!
** A portion of the funds was obtained by purchasing on a margin account.


                                        6

<PAGE>



                             INTRODUCTORY STATEMENT

         This Amendment No. 3 ("Amendment No. 3") to Schedule 13D relates to the
common  stock,  par value $1.00 per share (the  "Securities"),  of Nooney Realty
Trust,  Inc.,  a Missouri  corporation  ("Nooney"),  whose  principal  executive
offices  are located at 7701  Forsyth  Boulevard,  St.  Louis,  Missouri  63105.
Amendment  No. 3 amends the Schedule 13D filed by the  Shareholder  Committee To
Increase Shareholder Value At Nooney Realty Trust, Inc., with the Securities and
Exchange  Commission  on August 25,  1997,  as amended  September  5, 1997,  and
September 24, 1997 to add the additional information set forth herein.

         Except as specifically  provided herein,  this Amendment No. 3 does not
modify any of the  information  previously  reported on the  original  report on
Schedule 13D, and the amendments thereto.

Item 3. Source and Amount of Funds or Other Consideration. --Add the following:

         With  respect to the 18,000  shares of the  Securities  acquired by Mr.
Alvey, which are reported in Item 5(c) and which were purchased through a broker
on a margin  account,  $90,000 of the funds  used to fund the margin  account to
purchase  such  shares  were  obtained  by Mr.  Alvey from a demand  loan by Mr.
Johnson at an interest rate of 7% on an unsecured and unrestricted basis.

Item 6. Contracts, Arrangements, Understanding or Relationships with Respect to
                  Securities of the Issuer.  --Add the following:

         Mr.  Johnson  plans to offer  loans of up to  $5,000  each to seven (7)
employees of corporations in which Mr. Johnson is a principal  shareholder  with
the  requirement  that such employees  purchase  shares of the  Securities.  Mr.
Johnson will have no security interest in, voting power over or investment power
with respect to such shares. Mr. Johnson intends to forgive 20% of the loan each
year that such employees  continue to be employed by  corporations  in which Mr.
Johnson is a principal shareholder as a bonus for continuing their employment.

Item 7.     Exhibits.

         99.1     Joint Filing Agreement




                                        7

<PAGE>



         SIGNATURES

         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.


KELCOR, INC., a Missouri corporation

By:  /s/ David L. Johnson                            Date:  February 3, 1998
   -----------------------------------------
         David L. Johnson
         Vice President

/s/ David L. Johnson                                 Date:  February 3, 1998
- -----------------------------------------
David L. Johnson



/s/ Sandra L. Castetter                              Date:  February 3, 1998
- -----------------------------------------
Sandra L. Castetter


/s/Daniel W. Pishny                                  Date:  February 3, 1998
- -----------------------------------------
Daniel W. Pishny


/s/John W. Alvey                                     Date:  February 3, 1998
- -----------------------------------------
John W. Alvey




                                        8

<PAGE>



                                  EXHIBIT INDEX


         99.1     Joint Filing Agreement




                                        9


<PAGE>

                                  EXHIBIT 99.1
                             JOINT FILING AGREEMENT

         In accordance with Rule 13d-1(f)(1)  under the Securities  Exchange Act
of 1934,  the persons  named below hereby agree to the joint filing on behalf of
each of them of a statement on Schedule 13D (including  any amendments  thereto)
with  respect  to the  shares  of  Common  Stock of Nooney  Realty  Trust,  Inc.
beneficially  owned by each of them and  further  agree that this  Joint  Filing
Agreement be included as an exhibit to such joint filings. This Agreement may be
executed  in any  number  of  counterparts  all of which  taken  together  shall
constitute one and the same instrument.

         IN WITNESS  WHEREOF,  the undersigned  hereby execute this Joint Filing
Agreement as of the date set forth below.

KELCOR, INC., a Missouri corporation

By:  /s/ David L. Johnson                            Date:  February 3, 1998
   -----------------------------------------
         David L. Johnson
         Vice President

/s/ David L. Johnson                                 Date:  February 3, 1998
- -----------------------------------------
David L. Johnson



/s/ Sandra L. Castetter                              Date:  February 3, 1998
- -----------------------------------------
Sandra L. Castetter


/s/Daniel W. Pishny                                  Date:  February 3, 1998
- -----------------------------------------
Daniel W. Pishny


/s/John W. Alvey                                     Date:  February 3, 1998
- -----------------------------------------
John W. Alvey

                                       10





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