SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No( 1 )*
Pioneer Standard Electric
(Name of Issuer)
Common Stock No Par Value
(Title of Class of Securities)
723877106
(CUSIP Number)
Check the following box if a fee is being paid with
A fee is not required only if the filing person: (1) has a previous statement o
on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; 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 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).
(Continued on following page(s))
Page 1 of 3 Pages
CUSIP No. 723877106 13G Page 2 of 3 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Fiduciary Management, Inc.
39-1346018
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(aX
(b)
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
225 East Mason Street
Milwaukee, WI 53202
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 2,139,155
WITH 8 SHARED DISPOSITVE POWER
273,100
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,412,255
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.15%
12 TYPE OF REPORTING PERSON *
IA
*SEE INSTRUCTION BEFORE FILLING OUT
CUSIP No. 723877106 Page 3 of 3
After reasonable inquiry and to the best of my knowledge and belief,
the information set forth in this statement is true, complete, and
correct.
Date: January 31, 1999
Ted D. Kellner, C.F.A.
Chairman and Chief Executive Officer
Fiduciary Management, Inc.
