FORM 13F
COVER PAGE FOR FORM 13F
REPORT FOR THE CALENDER QUARTER ENDED DECEMBER 31, 1999
FIDUCIARY MANAGEMENT, INC.
225 EAST MASON STREET
MILWAUKEE, WI 53202
FORM 13F FILE NUMBER 028-01526
THE INSITITUTIONAL INVESTMENT MANAGER FILING THIS REPORT AND THE
PERSON BY WHOM IT IS SIGNED HEREBY REPRESENT THAT THAT THE PERSON
SIGNING THE REPORT IS AUTHORIZED TO SUBMIT IT, THAT ALL INFORMATION
CONTAINED HEREIN IS TRUE, CORRECT AND COMPLETE, AND THAT IT IS
UNDERSTOOD THAT ALL REQUIRED ITEMS, STATEMENTS, SCHEDULES, LISTS
AND TABLES, ARE CONSIDERED INTERGRAL PARTS OF THIS FORM.
PERSON SIGNING THIS REPORT ON BEHALF OF REPORTING MANAGER:
NAME: TED D KELLNER
TITLE: CHAIRMAN AND CEO
PHONE: (414) 226-4545
REPORT TYPE:
13F HOLDINGS REPORT
NAME AND 13F FILE NUMBERS OF ALL INSTITUTIONAL INVESTMENT MANAGERS
WITH RESPECT TO WHICH THIS SCHEDULE IS FILED.
1. RESOURCE BANK AND TRUST CO
2. HAROLD MCCOMAS - FOLEY AND LARDNER
FORM 13F
SUMMARY PAGE:
OTHER INSTITUTIONAL INVESTMENT MANAGERS TOTAL: 2
1. RESOURCE BANK AND TRUST CO
2. HAROLD MCCOMAS - FOLEY AND LARDNER
FORM 13F INFORMATION TABLE ENTRY TOTAL: 133
FORM 13F INFORMATION TABLE VALUE TOTAL: 3,375,433
FORM 13F
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"Name of Reporting Manager: Fiduciary Mangament, Inc."
Item I Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8
<S> <C> <C> <C> <C> <C> <C< <C>
Name of Issuer Title Cusip Fair Shares/ (a)Sole (b) Shared (c)Shared Sole Shared
M/V Prin Amt inst
ACTV Inc COM 00088E104 1650 40,000 40,000 40,000
ADC Telecom COM 000886101 3044 41,974 41,974 41,974
Abbott Lab COM 002824100 216 6,166 6,166 6,166
Adelphia Busin CLA 006847107 3614 73,000 73,000 73,000
Adelphia Commun COM 006848105 3659 53,022 53,022 53,022
Allied Riser COM 019496108 1233 57,850 57,850 57,850
Alpine Grp COM 020825105 659 51,900 51,900 51,900
Amcore Fincl COM 023912108 1659 73,722 73,722 73,722
Anadigics Inc COM 032515108 1429 30,000 30,000 30,000
Andrew Corp COM 034425108 743 40,000 40,000 40,000
Applied Pwr COM 038225108 1458 40,500 40,500 40,500
Aptar Group Inc COM 038336103 15518 653,355 560,655 92,700 560,655 92,700
Arrow Elec COM 042735100 23358 1,041,020 907,620 133,400 907,620 133,400
Assctd Bancorp COM 045487105 21270 647,597 592,102 55,495 592,102 55,495
Aware Inc COM 05453N100 680 19,000 19,000 19,000
Baker Hughes COM 057224107 203 10,000 10,000 10,000
Bell Canada COM 077914109 1132 50,000 50,000 50,000
Bell & Howell COM 077852101 16091 520,110 444,210 75,900 444,210 75,900
Blackhawk Bcorp COM 09237E105 515 37,412 37,412 37,412
Brady, W.H. CL A 104674106 13080 396,353 322,253 74,100 322,253 74,100
Burlington Res COM 122104103 2335 73,960 71,160 2,800 71,160 2,800
CGS Systems COM 126349109 2391 57,000 57,000 57,000
CNA Surety COM 12612L108 737 60,100 60,100 60,100
CP Clare Corp COM 12615K107 203 20,000 20,000 20,000
Cambrex Corp COM 132011107 22947 691,420 592,320 99,100 592,320 99,100
Casella Waste COM 147448104 14376 764,140 660,940 103,200 660,940 103,200
Casey's Gen St COM 147528103 19086 1,775,406 1,531,206 244,200 1,531,206 244,200
Channell Coml COM 159186105 333 31,500 31,500 31,500
Chicago Title COM 168228104 265 5,750 5,750 5,750
Classic Commun COM 182728204 1154 35,500 35,500 35,500
Conexant Syst COM 207142100 391 6,000 6,000 6,000
Consolidated St COM 210149100 19464 1,265,936 1,098,536 167,400 1,098,536 167,400
Covance Inc COM 222816100 16950 1,585,920 1,380,720 205,200 1,380,720 205,200
DII Group COM 232949107 2663 38,000 38,000 38,000
Daisytek Inc COM 234053106 1144 50,000 50,000 50,000
Delphi Fin'l Gr COM 247131105 14076 481,202 416,954 64,248 416,954 64,248
Dentsply Int'l COM 249030107 21019 894,419 787,119 107,300 787,119 107,300
Dura Automotive COM 265903104 623 39,500 39,500 39,500
Family Dollar COM 307000109 11753 758,194 661,194 97,000 661,194 97,000
Fed Home Ln Mtg COM 313400301 948 21,300 21,300 21,300
Fed Natl Mtg An COM 307160200 3235 54,760 54,760 54,760
Fin'l Sec Assur COM 31769P100 10337 204,180 179,280 24,900 179,280 24,900
Fort James Corp COM 347471104 1191 45,020 40,620 4,400 40,620 4,400
Fox Entertain COM 35138T107 542 22,500 22,500 22,500
G&K Services CL A 361268105 12799 399,330 324,430 74,900 324,430 74,900
Gen'l Semicond COM 370787103 616 45,000 45,000 45,000
Georgia Golf COM 373200203 1467 49,000 49,000 49,000
Great Lakes Chm COM 390568103 12942 348,005 286,805 61,200 286,805 61,200
Grey AdvertisingCOM 397838103 1058 2,650 2,550 100 2,550 100
HNC Software COM 40425P107 4254 39,900 39,900 39,900
Haemonetics CorpCOM 405024100 11668 495,170 429,570 65,600 429,570 65,600
Heller Finance COM 423328103 979 51,500 51,500 51,500
ICG Communictn COM 449246107 270 15,000 15,000 15,000
Idexx LaboratoryCOM 451680104 5472 340,650 292,450 48,200 292,450 48,200
Image.Com Inc COM 45244D102 200 5,000 5,000 5,000
Inco Ltd COM 453258402 462 20,000 20,000 20,000
Int'l Game Tech COM 459902102 1397 68,100 68,100 68,100
Intervu Inc COM 46114R106 1919 17,500 17,500 17,500
Jones IntercableCOM 480206200 912 13,600 13,600 13,600
Jones IntercableCL A 480206200 810 12,000 12,000 12,000
Keane Inc COM 486665102 10724 346,630 305,730 40,900 305,730 40,900
KimberlyClark COM 494368103 391 6,100 6,100 6,100
Lechters Inc COM 523238103 52 32,550 32,550 32,550
LeCroy Corp COM 52324W109 255 20,000 20,000 20,000
Lodgenet Enter COM 540211109 1240 58,500 58,500 58,500
MKS Instruments COM 55306N104 1749 52,000 52,000 52,000
Manitowoc Inc COM 563571108 930 30,050 30,050 30,050
Marshall&Ilsley COM 571834100 32018 547,302 547,302 547,302
Mastec Inc COM 576323109 1330 31,000 31,000 31,000
Metacreations COM 591016100 216 24,000 24,000 24,000
Methode Elec CL A 591520200 11393 378,570 340,470 38,100 340,470 38,100
Microsoft Corp COM 594918104 420 3,600 3,600 3,600
Microtouch Sys COM 595145103 166 12,500 12,500 12,500
Millipore Corp COM 601073109 1715 44,900 44,900 44,900
Mineral Tech COM 603158106 13750 355,390 300,190 55,200 300,190 55,200
Mitel Corp COM 606711109 576 40,000 40,000 40,000
Modis Prof Svcs COM 607830106 22553 1,655,200 1,429,800 225,400 1,429,800 225,400
Molex Inc CL A 608554200 1080 25,300 25,300 25,300
Morrison Mgmt COM 618459101 8318 404,520 364,020 40,500 364,020 40,500
NFO Worldwide COM 62910N108 5934 275,970 273,070 2,900 273,070 2,900
Nat'l Data COM 635621105 20645 622,060 578,060 44,000 578,060 44,000
Noble Affl COM 654894104 2319 114,480 109,780 4,700 109,780 4,700
Nova Corp COM 669784100 10695 355,010 351,110 3,900 351,110 3,900
Old Republic COM 680223104 12252 933,431 800,156 133,275 800,156 133,275
OmniPoint Corp COM 68212D102 1841 17,000 17,000 17,000
Oshkosh Truck CL B 688239201 1178 41,300 41,300 41,300
PFSWeb Inc COM 717098107 617 15,900 15,900 15,900
Paging Network COM 695542100 25 30,000 30,000 30,000
Paxar Corp COM 704227107 12550 1,384,760 1,180,660 204,100 1,180,660 204,100
Penn Traffic COM 707832101 12 10,500 10,500 10,500
Pioneer Stndrd COM 723877106 29053 2,021,155 1,748,055 273,100 1,748,055 273,100
Playboy Enter CL B 728117300 579 24,000 24,000 24,000
Policy Mgmt COM 731108106 255 10,000 10,000 10,000
Pride Intn'l COM 741932107 1178 84,500 84,500 84,500
Primedia Inc COM 74157K101 2851 168,300 168,300 168,300
Proctor & Gambl COM 742718109 536 5,000 5,000 5,000
Progressive Cor COM 743315103 552 7,800 7,800 7,800
Prologis Tr COM 743410102 21948 1,151,325 990,225 161,100 990,225 161,100
Quest Diagostic COM 74834L100 2340 78,000 78,000 78,000
Regal Beloit COM 758750103 12398 590,376 490,576 99,800 490,576 99,800
Republic Svcs COM 760759100 26411 1,869,789 1,611,889 257,900 1,611,889 257,900
Retek Inc COM 76128Q109 1020 13,200 13,200 13,200
Reynolds & Reyn COM 761695105 8631 397,950 350,550 47,400 350,550 47,400
Romac Int'l COM 775835101 10682 743,040 611,840 131,200 611,840 131,200
SantaFe Snyder COM 80218K105 1449 190,000 190,000 190,000
Scientific AtltaCOM 808655104 497 9,000 9,000 9,000
Scholastic Corp COM 807066105 1806 29,320 27,220 2,100 27,220 2,100
Security Cap CL B 81413P204 4659 374,560 287,560 87,000 287,560 87,000
Sigma Aldrich COM 826552101 8388 282,540 253,140 29,400 253,140 29,400
Silicon Graphic COM 827056102 87 10,000 10,000 10,000
Sotheby's Hldgs CL A 835898107 872 30,000 30,000 30,000
Starmedia Netwk COM 855546107 1069 25,000 25,000 25,000
Stamford COM 852902105 437 30,000 30,000 30,000
Stein Mart COM 858375108 5596 994,720 820,720 174,000 820,720 174,000
Steris Corp COM 859152100 11407 1,133,570 979,570 154,000 979,570 154,800
Sterling Comrc COM 859205106 8326 253,250 218,950 34,300 218,950 34,300
SunGard Data COM 867363103 30011 1,212,535 1,053,035 159,500 1,053,035 159,500
Sybron Corp COM 87114F106 19314 848,925 731,925 117,000 731,925 117,000
Tekelec Inc COM 879101103 431 17,000 17,000 17,000
Telephone Data COM 879433100 9213 75,360 67,260 8,100 67,260 8,100
Teltrend COM 87969R106 602 20,000 20,000 20,000
Tetra Tech COM 88162G103 180 12,000 12,000 12,000
Tollgrade Comm COM 889542106 3752 112,000 112,000 112,000
True North Comm COM 897844106 1653 38,000 38,000 38,000
Varian Inc COM 922206107 2073 95,000 95,000 95,000
Vishay IntertechCOM 928298108 1175 38,750 38,750 38,750
Walgreen Co COM 931422109 343 12,000 12,000 12,000
Wallace Comput COM 932270101 12490 768,560 665,360 103,200 665,360 103,200
Wausau Paper COM 943317107 9964 871,120 721,120 150,000 721,120 150,000
Westell Tech COM 957541105 100 10,000 10,000 10,000
World Wrestling COM 98156Q108 1049 65,000 65,000 65,000
Zebra Tech CL A 989207105 688 12,205 12,205 12,205
Ziff Davis COM 989511100 1390 90,000 90,000 90,000
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