January 29, 1998
Securities and Exchange commission
Washington DC 20549
Gentlemen:
Pursuant to the requirements of the Securities Exchange Act of 1934 we
are transmitting herewith the attached Schedule 13G amendment.
Sincerley,
Calvin S. Koonce
President Koonce Securities, Inc.
6550 Rock Spring Drive
Suite 600
Bethesda MD 20817
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Schedule 13G
(Amendment No. 9)
CERBCO INCORPORATED IRS 54-1448835
COMMON STOCK $.10 PAR VALUE
CUSIP 156713109
ITEM #1
NAME OF REPORTING PERSON
SS OR IRS ID #
Koonce Securities INc.
Tax ID 52-1175998
ITEM #2
NOT APPLICABLE
ITEM #3
SEC USE ONLY
ITEM #4
CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
ITEM #5
SOLE VOTING POWER
47,341 *
* This report 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 five percent of the class of securities.
Reporting person owns less than 5% yes_X__ or no ____
ITEM #6
SHARED VOTING POWER
None
ITEM #7
SOLE DISPOSITIVE POWER
47,341
ITEM #8
SHARED DISPOSITIVE POWER
None
ITEM #9
AGGREGATE AMOUNT BENEFICALLY OWNED BY EACH REPORTING PERSON
47,341
ITEM #10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
Not applicable
ITEM #11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.0%
ITEM #12
TYPE OF REPORTING PERSON
BD
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After reasonable inquiry and to the best of my knowledge and belief, I certify
the information set forth in this statement is true, complete and correct.
Calvin S. Koonce
President
Koonce Securities, Inc.
January 29, 1998
