SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No._______)
Merrill Corp
(Name of Issuer)
Common Stock
(Title of Class of Securities)
590175105
(CUSIP Number)
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above
Persons. 47-0776925
2) Check the Appropriate Box if a Member of a Group.
(a) _____
(b) XX
-----
3) SEC Use Only.
4) Citizensbip or Place of Organization. State of Nebraska
Number of Shares Beneficially Owned by Each Reporting Person With:
5) Sole Voting Power 518,950
6) Shared Voting Power 0
7) Sole Dispositive Power 518,950
8) Shared Dispositive Power 0
9) Aggregate Amount Beneficially Owned by Each Reporting Person. 518,950
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares. ( )
11) Percent of Class Represented by Amount in Row 9. 6.55%
12) Type of Reporting Person. Investment Advisor (IA)
Check the following box if a fee is being paid with this statement ( )
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SCHEDULE 13G Page -2
Item 1 (a). Name of Issuer: Merrill Corp.
Item 2 (a). Name of Person Filing: KPM Investment Management Inc.
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 23d-2(b),
check whether the person filing is a:
(e) [xx] Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940
Item 4. Ownership Investment Advisor, representing numerous discretionary
accounts, beneficially owns 518,950 shares of common stock
representing 6.55% of the total outstanding (7924056). Filer has
sole voting and dispositive power.
Item 5. Ownership of Five Percent (5%) or Less of a Class. [ ]
Item 6. Ownership of more than Five Percent(5%) on behalf of another person.
N/A
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
N/A
Item 8. Identification and Classification of Member of the Group.
N/A
Item 9. Notice of Dissolution of Group.
N/A
Item 10. Certification
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the
effect of changing or influencing the control of the issuer of such
securities and were no acquired in connection with or as a participant in
any transaction having such purposes or effect.
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.
Date 2-3-97 /S/ Rodney D. Cerny
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KPM Investment Management, Inc.
SECURITY CROSS REFERENCE
December 31, 1996
Security: mrll (Merrill Corp.)
PRICE: 23.000
PORTFOLIO TOTAL MARKET UNREALIZED
CODE NAME QUANTITY COST VALUE GAIN/LOSS
- --------- ---------------------------------- -------- ------------ ------------ -----------
<S> <C> <C> <C> <C>
16715360 Omaha Construction Industry P/P 46,500 752,273.75 1,069,500.00 317,226.25
17285 KPTC EBO: Quality Living Inc. Lied 600 13,710.00 13,800.00 90.00
Endowment
2085 KP Trust EBO: Ecklund, Glenn Trust 1,000 16,100.00 23,000.00 6,900.00
30030717 Abbott, R Cody - IRA 550 10,100.67 12,650.00 2,549.33
30213156 Ancona,Carl IRA 350 8,151.70 8,050.00 -101.70
30213585 Antolak, Stanley IRA 900 17,100.00 20,700.00 3,600.00
30416229 Bailey, Pamela G. -IRA 650 10,943.31 14,950.00 4,006.69
30918947 Brushwyler, Robert W. - IRA 300 5,188.19 6,900.00 1,711.81
31321602 Clark, Joln V. Jr. -IRA 500 9,807.18 11,500.00 1,692.82
31680435 Davis, John B. -IRA 1,150 23,100.01 26,450.00 3,349.99
33633526 Frank, Albert R. - IRA 1,200 19,694.14 27,600.00 7,905.86
33936095 Griffis, Gary L. -IRA 500 8,450.46 11,500.00 3,049.54
34440414 Hughes, Virginia - IRA 750 14,697.00 17,250.00 2,553.00
35698327 Mapes, Jane SEP IRA 900 17,632.51 20,700.00 3,067.49
36357879 Naughton, Elizabeth - FRA 350 6,873.36 8,050.00 1,176.64
37167430 Prebula, Alvin W. - IRA 600 9,721.18 13,800.00 4,078.82
37670939 Ruge, Daniel MD-IRA 450 8,830.90 10,350.00 1,519.10
38374565 Sorensen, Mark B. MD SEP/IRA 1,050 18,072.53 24,150.00 6,077.47
40000084 Midwest Laboratories, Inc., P/S 2,800 45,440.51 64,400.00 18,959.49
40000098 Midwest Laboratories, Inc. P/P 2,500 40,582.46 57,500.00 16,917.54
40187005 Andersen Berkshire Lauritsen & 550 10,782.98 12,650.00 1,867.02
Brower P/S
40481380 Barlow, Johnson, Flodman, Sutter, 850 14,562.54 19,550.00 4,987.46
Guenzel & Eske P/S
40616954 Behlen Mfg. Co. 401K Thrift Plan & Trust 5,000 82,636.97 115,000.00 32,363.03
40617270 Berens & Tate PC 401K 600 10,393.39 13,800.00 3,406.60
41321475 City of Gering Police Officers P/P 200 3,233.46 4,600.00 1,366.54
(Aggressive Growth)
41321526 Clark Bros. Transfer Inc. ESOP 600 13,048.62 13,800.00 751.38
41321630 Cliffs Notes Inc. MP P/P 600 9,648.11 13,800.00 4,151.89
41422262 Columbus Medical P/P Equity Account 1,500 26,956.73 34,500.00 7,543.27
43174726 Erickson & Sederstrom 401K - Equity 600 12,148.90 13,800.00 1,651.10
44022765 Hawkins Construction Special Account P/S 700 11,508.62 16,100.00 4,591.38
44206123 Holdrege Medical P/P 700 11,750.00 16,100.00 4,350.00
44423862 Indiana Seed Co. P/S 150 2,957.33 3,450.00 492.67
44440003 Vishay Intertech Master Trust - KPM - 7,000 115,846.80 161,000.00 45,153.20
Hourly P/P of Sprague Elec. 500 8,439.63 11,500.00 3,060.37
44490781 Jaeger, Thomas, MD Profit Sharing Plan 3,900 64,824.40 89,700.00 24,875.60
44541281 IBEW Local No. 22-NECA Pension Plan 1,900 32,134.62 43,700.00 11,565.38
44543954 Painters Local #109 Pension Fund 800 14,086.13 18,400.00 4,313.87
45004086 Sioux City Foundry P/P
1
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KPM Investment Management, Inc.
SECURITY CROSS REFERENCE
December 31, 1996
Security: mrll (Merrill Corp.)
PRICE: 23.000
PORTFOLIO TOTAL MARKET UNREALIZED
CODE NAME QUANTITY COST VALUE GAIN/LOSS
- --------- ---------------------------------- -------- ------------ ------------ -----------
45971260 Medical Lab Inc. P/S FBO: Dr. Skoog 900 15,590.39 20,700.00 5,109.61
45990904 Fremont Area Medical Center Equity 10,600 173,299.59 243,800.00 70,500.41
46434071 Nebraska County Employees Quality 10,950 183,336.50 251,850.00 68,513.50
Growth Account
46434523 Nebraska Public Employees Quality 39,050 652,400.30 898,150.00 245,749.70
Growth Account
46601512 North Platte Firefighters Pension Plan 1,100 18,256.75 25,300.00 7,043.25
(Equity)
46762977 Omaha Public Power District Retirement 31,000 498,875.00 713,000.00 214,125.00
Plan
46865560 Paulsen Development Construction Inc. 200 3,233.46 4,600.00 1,366.54
401K (Equity)
46866079 Reilly, Petersen & Hannan, P.L.C. 550 9,401.38 12,650.00 3,248.62
P/S-Equity Account
47066831 Plaindealer Publishing Co., Inc. 401K 350 6,873.36 8,050.00 1,176.64
R/P
47369022 Reinke Mfg. Co., Inc. Employee P/S 1,500 26,819.83 34,500.00 7,680.17
47369055 Reinke Mfg. Co. Inc. Employer P/S 600 10,758.72 13,800.00 3,041.28
47789004 Schiuter, Judith H. 600 10,412.00 13,800.00 3,388.00
48096144 Danko Emergency Equipment P/S Equity 800 12,856.83 18,400.00 5,543.17
Account
48096200 Smeal Fire Apparatus P/S Equity 1,600 27,470.33 36,800.00 9,329.67
Account
48096262 Smeal Manufacturing Company P/S 400 6,437.16 9,200.00 2,762.84
Equity Account
48677034 Milboum, Fehringer, Kessler & Peetz 850 14,491.36 19,550.00 5,058.64
P.C. 401K P/S & Trust
49385510 Wintz Funeral Home Inc. P/S Plan 300 5,894.59 6,900.00 1,005.41
50617236 Berry, Rose Mary 300 4,839.22 6,900.00 2,060.78
50619607 Bellevue University Ada & James 500 8,300.00 11,500.00 3,200.00
Redding Endowed Business Cliair
50717721 Bishop Clarkson Memorial Foundation / 17,600 293,172.60 404,800.00 111,627.40
Equity
50717735 Bishop Clarkson Memorial Foundation 700 12,056.10 16,100.00 4,043.90
Scholarship Fund I Equity
50818273 Borchert, Marshall & Jennie 500 9,809.68 11,500.00 1,690.32
51220744 Central States Health & Life of Omaha 6,600 145,078.00 151,800.00 6,722.00
51315285 Grand Island Police Officers P/P 900 14,639.13 20,700.00 6,060.87
51315290 Grand Island FireFighters P/P Equity 4,200 68,032.94 96,600.00 28,567.06
51320096 KPMINJNDS, Inc. Equity Portfolio 26,700 435,512.50 614,100.00 178,587.50
51321521 Clark, William L. Jr. 300 4,839.22 6,900.00 2,060.78
51447059 Conception Benedictine Trust 2,600 41,445.27 59,800.00 18,354.73
51523232 Custer Public Power District Money 1,600 34,489.35 36,800.00 2,310.65
Purchase P/P
2
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KPM Investment Management, Inc.
SECURITY CROSS REFERENCE
December 31, 1996
Security: mrll (Merrill Corp.)
PRICE: 23.000
PORTFOLIO TOTAL MARKET UNREALIZED
CODE NAME QUANTITY COST VALUE GAIN/LOSS
- --------- ---------------------------------- -------- ------------ ------------ -----------
51724546 Devita Family Trust 600 11,763.99 13,800.00 2,036.01
51925173 Dolce, Mary Revocable Trust 350 6,355.09 8,050.00 1,694.91
51925187 Dolce, John Revocable Trust 350 6,355.09 8,050.00 1,694.91
52127033 Edwards, Robert & Charlene 600 12,973.06 13,800.00 826.94
53834623 Geneva Tube Inc. 1,400 23,917.69 32,200.00 8,282.31
54338689 Hetzler, William Tr. 900 17,635.01 20,700.00 3,064.99
54339009 Hill, William R. 100 1,972.81 2,300.00 327.19
54489579 Jacobsen, Thomas 400 6,972.02 9,200.00 2,227.98
54543901 Insurance Consultants Inc. 700 16,342.50 16,100.00 -242.50
54721700 KPM Equity Partners LP 8,000 131,283.50 184,000.00 52,716.50
54948690 Kateknan, Lorrie Ferris Trust 400 6,129.81 9,200.00 3,070.19
55018120 Klein, John Trust 250 6,102.50 5,750.00 -352.50
55451141 Wai, Cecilia Family Trust: Lambert Wai 300 5,550.00 6,900.00 1,350.00
Trustee
55552649 Loseke, Lavonne 1,000 16,291.86 23,000.00 6,708.14
55652998 Lutheran Family Services Foundation 500 9,493.66 11,500.00 2,006.34
Equity
55754567 McKinney, Daniel MD 800 17,290.10 18,400.00 1,109.90
56019915 Mueller-Schluter LP 4,600 98,695.50 105,800.00 7,104.50
56257138 Muilenburg, Conrad D. 600 11,311.90 13,800.00 2,488.10
56331992 Farmers Mutual United Insurance 800 12,756.08 18,400.00 5,643.92
Company
56357944 NE Farmers Mutual Reinsurance 500 7,983.48 11,500.00 3,516.52
Association
56357977 Nebraska Investment Council - Fund B 58,000 936,281.25 1,334,000.00 397,718.75
Small Cap
56662147 Olsen, Cheryl K. Revocable Trust 550 11,685.99 12,650.00 964.01
56662468 O'Neal, T. Keith 1,500 24,054.93 34,500.00 10,445.07
56865734 Peck, John M. 1,150 19,443.56 26,450.00 7,006.44
56872876 Peller, Thelma L. 150 2,959.83 3,450.00 490.17
57871927 Schneider, Ronald & Janice Funnel Trust 1,300 24,181.52 29,900.00 5,718.48
57871946 Schluter, Fredric E., Jr. 350 5,586.75 8,050.00 2,463.25
57871951 Schelkopf, Stanley & Donna 750 12,607.94 17,250.00 4,642.06
57871965 Schluter, F. E., Jr. Partners Acct. 2 400 8,584.50 9,200.00 615.50
57952513 Shenandoah Memorial Hospital 1,300 20,847.61 29,900.00 9,052.39
58072449 Seno A Partnership FBO: James C 800 13,587.24 18,400.00 4,812.76
Ransom
58072454 Seno A Partnership FBO: Ransom 350 6,009.15 8,050.00 2,040.85
Generation Skipping Trust
58777207 Theilen, Robert W. 800 12,151.54 18,400.00 6,248.46
58880493 United of Omaha Common Stock 60,800 984,775.00 1,398,400.00 413,625.00
Portfolio
58880501 United Value Equity Fund 107,300 1,762,587.50 2,467,900.00 705,312.50
58980497 University of Nebraska Foundation 600 9,683.85 13,800.00 4,116.15
3
<PAGE>
KPM Investment Management, Inc.
SECURITY CROSS REFERENCE
December 31, 1996
Security: mrll (Merrill Corp.)
PRICE: 23.000
PORTFOLIO TOTAL MARKET UNREALIZED
CODE NAME QUANTITY COST VALUE GAIN/LOSS
- --------- ---------------------------------- -------- ------------ ------------ -----------
59183521 Wai, Lambert K. Trust 300 4,836.72 6,900.00 2,063.28
59268105 Hestmark, Virginia W Trust 1,000 21,605.59 23,000.00 1,394.41
59688106 YSB FBO: Inness, Helen Revocable 1,000 15,937.11 23,000.00 7,062.89
Trust
59688210 YSB EBO: Kennedy, L.C. Marital Trust 400 7,849.63 9,200.00 1,350.37
7764 KPTC: Scottsbluff Police Officers 1,700 27,521.49 39,100.00 11,578.51
Pension Plan
7769 KPTC: Scottsbluff FireFighters 900 14,431.46 20,700.00 6,268.54
Pension Plan
822 Kittredge, William R. - IRA 600 9,721.08 13,800.00 4,078.92
9524 KP Trust FBO: Wood, Jane R. 200 3,900.00 4,600.00 700.00
--------- ------------ ----------- ----------
518,950 8,638,057.54 11,935,850.00 3,297,792.46
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4
