FORM 13F
COVER PAGE FOR FORM 13F
REPORT FOR THE CALENDER QUARTER ENDED MARCH 31, 2000
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: 740,481
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 1403 40,000 40,000 40,000
ADC Telecom COM 000886101 1452 26,948 26,948 26,948
Abbott Lab COM 002824100 217 6,166 6,166 6,166
Acxiom Corp COM 005125109 13958 419,780 354,180 65,600 354,180 65,600
Adelphia Busin CLA 006847107 3266 53,000 53,000 53,000
Adelphia Commun COM 006848105 3088 63,022 63,022 63,022
Advanced Neuro COM 00757T101 781 41,100 41,100 41,100
Allied Riser COM 019496108 1142 32,850 32,850 32,850
Amcore Fincl COM 023912108 647 36,222 36,222 36,222
Andrew Corp COM 034425108 1373 60,000 60,000 60,000
Applied Pwr COM 038225108 342 12,000 12,000 12,000
Aptar Group Inc COM 038336103 16138 604,710 512,010 92,700 512,010 92,700
Arguss Holdings COM 040282105 671 30,000 30,000 30,000
Arrow Elec COM 042735100 28940 821,000 709,000 112,000 709,000 112,100
Assctd Bancorp COM 045487105 16985 568,531 513,036 55,495 513,036 55,495
Aware Inc COM 05453N100 642 16,000 16,000 16,000
Baker Hughes COM 057224107 303 10,000 10,000 10,000
Bell Canada COM 077914109 1438 50,000 50,000 50,000
Bell & Howell COM 077852101 14008 448,250 372,350 75,900 372,350 75,900
Blackhawk Bcorp COM 09237E105 337 37,412 37,412 37,412
Brady, W.H. CL A 104674106 10877 348,768 274,668 74,100 274,668 74,100
Burlington Res COM 122104103 740 20,000 20,000 20,000
CGS Systems COM 126349109 2441 50,000 50,000 50,000
CNA Surety COM 12612L108 886 63,600 63,600 63,600
Cambrex Corp COM 132011107 27221 625,760 526,660 99,100 526,660 99,100
Casella Waste COM 147448104 6462 861,620 739,020 122,600 739,020 122,600
Casey's Gen St COM 147528103 18153 1,669,266 1,425,066 244,200 1,425,066 244,200
Channell Coml COM 159186105 364 26,500 26,500 26,500
Chicago Title COM 168228104 336 5,750 5,750 5,750
Cintas Corp COM 172908105 3723 94,995 64,245 30,750 64,245 30,750
Classic Commun COM 182728204 559 35,500 35,500 35,500
Consolidated St COM 210149100 15875 1,395,566 1,177,766 217,800 1,177,766 217,800
Covance Inc COM 222816100 14669 1,364,550 1,184,350 180,200 1,184,350 180,200
Daisytek Inc COM 234053106 1344 85,000 85,000 85,000
Delphi Fin'l Gr COM 247131105 15246 501,920 420,420 81,500 420,420 81,500
Dentsply Int'l COM 249030107 22920 807,739 700,439 107,300 700,439 107,300
Dura Automotive COM 265903104 266 15,500 15,500 15,500
Family Dollar COM 307000109 18319 880,169 779,569 100,600 779,569 100,600
Fed Home Ln Mtg COM 313400301 756 17,100 17,100 17,100
Fed Natl Mtg An COM 307160200 3097 54,760 54,760 54,760
Fin'l Sec Assur COM 31769P100 15115 205,820 170,120 35,700 170,120 35,700
First Merit COM 337915102 645 35,000 35,000 35,000
Fox Entertain COM 35138T107 254 8,500 8,500 8,500
G&K Services CL A 361268105 20060 1,026,270 863,870 162,400 863,870 162,400
Gen'l Electric COM 369604103 233 1,500 1,500 1,500
Gen'l Semicond COM 370787103 949 55,000 55,000 55,000
Genrad Inc COM 437930678 433 35,000 35,000 35,000
Georgia Golf COM 373200203 1794 69,000 69,000 69,000
Giga-Tronics COM 375176106 336 30,000 30,000 30,000
Great Lakes Chm COM 390568103 13143 386,545 321,445 65,100 321,445 65,100
HNC Software COM 40425P107 3560 49,400 49,400 49,400
Haemonetics CorpCOM 405024100 9619 427,530 361,930 65,600 361,930 65,600
Heller Finance COM 423328103 1484 64,500 64,500 64,500
ICG Communictn COM 449246107 361 10,000 10,000 10,000
Idexx LaboratoryCOM 451680104 5948 255,150 220,450 34,700 220,450 34,700
Image.Com Inc COM 45244D102 1107 55,000 55,000 55,000
Insight Comm COM 45768V108 1031 50,000 50,000 50,000
Intraware Inc COM 46118M103 248 6,000 6,000 6,000
Keane Inc COM 486665102 6471 256,290 219,390 36,900 219,390 36,900
Lodgenet Enter COM 540211109 1174 58,500 58,500 58,500
MGIC Investment COM 552848103 16018 367,170 318,770 48,400 318,770 48,400
MKS Instruments COM 55306N104 2929 58,000 58,000 58,000
Manitowoc Inc COM 563571108 2476 90,050 90,050 90,050
Marshall&Ilsley COM 571834100 31653 548,102 548,102 548,102
Mastec Inc COM 576323109 1958 22,000 22,000 22,000
Mentor Graphics COM 587200106 454 30,000 30,000 30,000
Metron Tech COM N5665B105 210 10,000 10,000 10,000
Microtouch Sys COM 595145103 160 12,500 12,500 12,500
Millipore Corp COM 601073109 254 4,500 4,500 4,500
Mineral Tech COM 603158106 14392 322,970 267,770 55,200 267,770 55,200
Mitel Corp COM 606711109 983 40,000 40,000 40,000
Modis Prof Svcs COM 607830106 15227 1,230,460 1,075,060 155,400 1,075,060 155,400
Molex Inc CL A 608554200 277 6,250 6,250 6,250
Morrison Knut COM 61844A109 221 30,000 30,000 30,000
Morrison Mgmt COM 618459101 10578 381,190 340,690 40,500 340,690 40,500
Nat'l Data COM 635621105 320 12,300 12,300 12,300
Noble Affl COM 654894104 1673 51,000 51,000 51,000
Noble Drilling COM 655042109 248 6,000 6,000 6,000
Nova Corp COM 669784100 12953 444,750 383,350 61,400 383,350 61,400
Objective Sys COM 674424106 336 20,000 20,000 20,000
Old Republic COM 680223104 13480 980,331 826,431 153,900 826,431 153,900
Oshkosh Truck CL B 688239201 1128 36,300 36,300 36,300
Osicom Tech COM 688271501 898 8,000 8,000 8,000
Pairgain Tech COM 695934109 3177 170,000 170,000 170,000
Paxar Corp COM 704227107 11900 1,236,410 1,032,310 204,100 1,032,310 204,100
Pioneer Stndrd COM 723877106 25542 1,621,705 1,426,005 195,700 1,426,005 195,700
Playboy Enter CL B 728117300 278 14,000 14,000 14,000
Policy Mgmt COM 731108106 120 10,000 10,000 10,000
Pride Intn'l COM 741932107 2390 104,500 104,500 104,500
Primedia Inc COM 74157K101 4992 156,000 156,000 156,000
Progressive Cor COM 743315103 593 7,800 7,800 7,800
Prologis Tr COM 743410102 20020 1,039,985 878,885 161,100 878,885 161,100
Protective Life COM 743674103 1270 40,000 40,000 40,000
Quest Diagostic COM 74834L100 3498 88,000 88,000 88,000
Regal Beloit COM 758750103 9358 534,716 434,916 99,800 434,916 99,800
Republic Svcs COM 760759100 19222 1,757,479 1,499,579 257,900 1,499,579 257,900
Retek Inc COM 76128Q109 1120 27,200 27,200 27,200
Reynolds & Reyn COM 761695105 8264 306,060 264,660 41,400 264,660 41,400
Rogers Corp COM 775133101 1537 24,500 24,500 24,500
Romac Int'l COM 775835101 5986 660,470 529,270 131,200 529,270 131,200
Ross Stores COM 778296103 481 20,000 20,000 20,000
SBE Inc COM 783873201 543 35,000 35,000 35,000
SantaFe Snyder COM 80218K105 1805 190,000 190,000 190,000
Sawtek COM 805468105 631 12,000 12,000 12,000
Scientific AtltaCOM 808655104 2087 33,000 33,000 33,000
Security Cap CL B 81413P204 4652 322,190 235,190 87,000 235,190 87,000
Sideware Sys COM 825906108 600 60,000 60,000 60,000
Sigma Aldrich COM 826552101 11939 444,260 369,060 75,200 369,060 75,200
Silicon Graphic COM 827056102 106 10,000 10,000 10,000
Starmedia Netwk COM 855546107 691 23,000 23,000 23,000
Stamford COM 852902105 665 35,000 35,000 35,000
Stein Mart COM 858375108 6749 818,120 644,120 174,000 644,120 174,000
Steris Corp COM 859152100 542 52,900 52,900 52,900
SunGard Data COM 867363103 36309 961,815 822,315 139,500 822,315 139,500
Sybron Corp COM 87114F106 22867 788,530 671,530 117,000 671,530 117,000
TJX Companies COM 872540109 266 12,000 12,000 12,000
Telephone Data COM 879433100 859 7,740 7,740 7,740
Teledyne Tech COM 879360105 463 25,000 25,000 25,000
Teltrend COM 87969R106 4529 39,600 39,600 39,600
Tetra Tech COM 88162G103 760 32,000 32,000 32,000
Tollgrade Comm COM 889542106 5735 108,200 108,200 108,200
True North Comm COM 897844106 786 20,000 20,000 20,000
Valero Energy COM 91913Y100 1228 40,000 40,000 40,000
Varian Inc COM 922206107 3262 85,000 85,000 85,000
Viasystems COM 92553H100 1938 125,000 125,000 125,000
Vishay IntertechCOM 928298108 3268 58,750 58,750 58,750
Voicestream COM 928615103 1893 14,694 14,694 14,694
Wallace Comput COM 932270101 6560 555,310 472,110 83,200 472,110 83,200
Wausau Paper COM 943317107 10676 825,180 675,180 150,000 675,180 150,000
Wegener Corp COM 948585104 178 30,000 30,000 30,000
World Wrestling COM 98156Q108 1241 70,000 70,000 70,000
Zebra Tech CL A 989207105 1010 20,200 20,200 20,200
Ziff Davis COM 989511100 1719 110,000 110,000 110,000
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