UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Name of Issuer)
CORRECOMM LIMITED
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(Title of Class of Securities)
COMMON
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(CUSIP Number)
G2422R109
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(Date of Event Which Requires Filing of this Statement)
DECEMBER 31, 1999
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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 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).
________________________________________________________________
CUSIP No. ----G2422R109
(1) Names of reporting persons.
I.R.S. Identification Nos. of
above persons(entities only).
NWQ Investment Management Co Inc
04-3161875
(2) Check the appropriate box if a
member of a group (a)
(see instructions)
(b)
(3) SEC use only.
(4) Citizenship or place of
organization.
Massachusetts
Number of shares beneficially owned by
each reporting person with:
(5) Sole voting power.1,394,798
(6) Shared voting power. None
(7) Sole dispositive power.1,394,798
(8) Shared dispositive power. None
(9) Aggregate amount beneficially owned
by each reporting person.1,394,798
(10) Check if the aggregate amount in
Row (9) excludes certain shares (see
instructions).
(11) Percent of class represented by
amount in Row (9) 5.5%
(12) Type of reporting person (see
instructions).IA
__________________________________________________________________
__
Item 1(a) Name of issuer:------Corecomm Limited.
Item 1(b) Address of issuer's principal executive offices: ---
- ---.
Cedar House
41 Cedar Avenue
Hamilton, HM 12
Bermuda
2(a) Name of person filing:
NWQ Investment Management Co Inc
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2(b) Address or principal business office or, if none,
residence:
2049 Century Park East, 4th Floor, Los Angeles, CA 90067
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2(c) Citizenship:
Massachusetts
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2(d) Title of class of securities:
Common
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2(e) CUSIP No.:
G2422R109
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Item 3. If this statement is filed pursuant to 240.13d-1(b)
or 240.13d-2(b) or (c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under section 15 of the
Act (15 U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15
U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of
the Act (15 U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C 80a-8).
(e) [X] An investment adviser in accordance with 240.13d-
1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in
accordance with 240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in
accordance with 240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings associations as defined in Section 3(b) of
the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of
an investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(J).
Item 4. Ownership
Provide the following information regarding the aggregate
number and percentage of the class
of securities of the issuer identified in Item 1.
(a) Amount beneficially owned: -----1,394,798 .
(b) Percent of class: -----5.5%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote --1,394,798 .
(ii) Shared power to vote or to direct the vote -----
Inapplicable.
(iii) Sole power to dispose or to direct the disposition of --
- --1,394,798.
(iv) Shared power to dispose or to direct the disposition of -
- ----Inapplicable.
Instruction. For computations regarding securities which
represent a right to acquire an underlying security see 240.13d-
3(d)(1).
Item 5. Ownership of 5 Percent or Less of a Class. If this
statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner
of more than 5 percent of the class of securities, check the
following [ ].
Item 6. Ownership of More than 5 Percent on Behalf of
Another Person. Inapplicable
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being
Reported on by the Parent Holding Company or Control Person.
Inapplicable
Item 8. Identification and Classification of Members of the
Group. Inapplicable
Item 9. Notice of Dissolution of Group. Inapplicable
Item 10. Certifications
(a) The following certification shall be included if the
statement is filed pursuant to 240.13d-1(b):
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired and are
held in the ordinary course of business and were not acquired and
are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
Signature. 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.
Dated:----.
February 22, 1999
Signature.
/s/ E. C. Friedel, Jr.
Name/Title.
Edward Friedel, Jr., Managing Director
The original statement shall be signed by each person on whose
behalf the statement is filed or his authorized representative. If
the statement is signed on behalf of a person by his authorized
representative other than an executive officer or general partner
of the filing person, evidence of the representative's authority
to sign on behalf of such person shall be filed with the
statement, Provided, however, That a power of attorney for this
purpose which is already on file with the Commission may be
incorporated by reference. The name and any title of each person
who signs the statement shall be typed or printed beneath his
signature.
Note: Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits.
See Rule 13d-7 for other parties for whom copies are to be sent.
ATTENTION: Intentional misstatements or omissions of fact
constitute Federal criminal violations (see 18 U.S.C. 1001).
