UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. *)
PROVIDENCE AND WORCESTER RAILROAD COMPANY
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
743737108
---------------------------------------------------
(CUSIP Number)
June 7, 2000
--------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* 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 disclosures provided in a prior cover page.
The information required on 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 9 Pages
<PAGE>
-----------------------
CUSIP No. 743737108
-----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Keeley Asset Management Corp.; Tax I.D. No.: 36-3160361
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(SEE INSTRUCTIONS) (b) [ ]
N/A
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
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5 SOLE VOTING POWER
NUMBER OF 196,215
------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY ------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH
196,215
REPORTING
------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH -0-
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
196,215
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES [ ]
CERTAIN SHARES (SEE INSTRUCTIONS)
N/A
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.6%*
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA
================================================================================
____________________
* Based on an aggregate of 4,284,859 shares outstanding as of May 1, 2000.
Page 2 of 9 Pages
<PAGE>
-----------------------
CUSIP No. 743737108
-----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Kamco Performance Limited Partnership; Tax I.D. No.: 36-3645043
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(SEE INSTRUCTIONS) (b) [ ]
N/A
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 12,000
------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY ------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH
12,000
REPORTING
------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH -0-
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,000
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES [ ]
CERTAIN SHARES (SEE INSTRUCTIONS)
N/A
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.3%*
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
================================================================================
____________________
* Based on an aggregate of 4,284,859 shares outstanding as of May 1, 2000.
Page 3 of 9 Pages
<PAGE>
-----------------------
CUSIP No. 743737108
-----------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Kamco Limited Partnership No. 1; Tax I.D. No.: 36-3528572
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(SEE INSTRUCTIONS) (b) [ ]
N/A
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 8,500
------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY ------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH
8,500
REPORTING
------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH -0-
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,500
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES [ ]
CERTAIN SHARES (SEE INSTRUCTIONS)
N/A
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.2%*
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
================================================================================
____________________
* Based on an aggregate of 4,284,859 shares outstanding as of May 1, 2000.
Page 4 of 9 Pages
<PAGE>
-----------------------
CUSIP No. 743737108
-----------------------
Item 1(a). Name of Issuer:
--------- --------------
Providence and Worcester Railroad Company
Item 1(b). Address of Issuer's Principal Executive Offices:
--------- -----------------------------------------------
75 Hammond Street
Worcester, Massachusetts 01610
Item 2(a). Name of Person Filing:
---------- ----------------------
The persons filing this Schedule 13G are:
(i) Keeley Asset Management Corp.
(ii) Kamco Performance Limited Partnership
(iii) Kamco Limited Partnership No. 1
Item 2(b). Address of Principal Business Office or, if none, Residence:
--------- -----------------------------------------------------------
(i)-(iii) 401 South LaSalle Street
Chicago, Illinois 60605
Item 2(c). Citizenship:
--------- -----------
(i) Keeley Asset Management Corp. is an Illinois
corporation.
(ii) Kamco Performance Limited Partnership is an Illinois
limited partnership.
(iii)Kamco Limited Partnership No. 1 is an Illinois
limited partnership.
Item 2(d). Title of Class of Securities:
--------- ----------------------------
Common Stock
Item 2(e). CUSIP Number:
--------- ------------
743737108
Page 5 of 9 Pages
<PAGE>
-----------------------
CUSIP No. 743737108
-----------------------
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
------- ---------------------------------------------------------
13d-2(b) or (c), check whether the person filing is a:
-----------------------------------------------------
N/A
[ ] Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).
[ ] Bank as defined in section 3(a)(6) of the Act (15
U.S.C. 78c).
[ ] Insurance company as defined in section 3(a)(19) of the
Act (15 U.S.C. 78c).
[ ] Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
[ ] An investment adviser in accordance with ss.
240.13d-1(b)(1)(ii)(E).
[ ] An employee benefit plan or endowment fund in
accordance with ss. 240.13d-1(b)(1)(ii)(F).
[ ] A parent holding company or control person in
accordance with ss. 240.13d-1(b)(1)(ii)(G).
[ ] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
[ ] A church plan that is excluded from the definition of
an investment company under section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3);
[ ] Group, in accordance with ss. 240.13d-1(b)(1)(ii)(J).
Item 4. Ownership
------- ---------
Keeley Asset Management Corp.
----------------------------
(a) Amount Beneficially Owned: 196,215
(b) Percent of Class: 4.6%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 196,215
(ii) shared power to vote or to direct the vote: -0-
(iii)sole power to dispose or to direct the disposition
of: 196,215
(iv) shared power to dispose or to direct the disposition
of: -0-
Kamco Performance Limited Partnership
-------------------------------------
(a) Amount Beneficially Owned: 12,000
(b) Percent of Class: 0.3%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 12,000
(ii) shared power to vote or to direct the vote: -0-
(iii)sole power to dispose or to direct the disposition
of: 12,000
(iv) shared power to dispose or to direct the
disposition of: -0-
Page 6 of 9 Pages
<PAGE>
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CUSIP No. 743737108
-----------------------
Kamco Limited Partnership No. 1
-------------------------------
(a) Amount Beneficially Owned: 8,500
(b) Percent of Class: 0.2%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 8,500
(ii) shared power to vote or to direct the vote: -0-
(iii)sole power to dispose or to direct the disposition
of: 8,500
(iv) shared power to dispose or to direct the
disposition of: -0-
Item 5. Ownership of Five Percent or Less of a Class.
------- --------------------------------------------
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another
------ --------------------------------------------------------
Person.
------
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which
------ ---------------------------------------------------------
Acquired the Security Being Reported on By the Parent
-----------------------------------------------------
Holding Company.
---------------
Not applicable
Item 8. Identification and Classification of Members of the Group.
------ ---------------------------------------------------------
Not applicable
Item 9. Notice of Dissolution of Group.
------ ------------------------------
Not applicable
Item 10. Certification.
------- -------------
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired
and are held in the ordinary course of business and were not
acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer
of the securities and were not acquired and are not held in
connection with or as a participant in any transaction
having that purpose or effect.
Exhibits. 1. Agreement to file Schedule 13G jointly.
--------
Page 7 of 9 Pages
<PAGE>
SIGNATURE
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.
Dated this 14th day of June, 2000.
KEELEY ASSET MANAGEMENT CORP.
/s/ John L. Keeley, Jr.
--------------------------------------
John L. Keeley, Jr., President
KAMCO PERFORMANCE LIMITED PARTNERSHIP
/s/ John L. Keeley, Jr.
--------------------------------------
John L. Keeley, Jr., General Partner
KAMCO LIMITED PARTNERSHIP NO. 1
/s/ John L. Keeley, Jr.
--------------------------------------
John L. Keeley, Jr., General Partner
Page 8 of 9 Pages
<PAGE>
EXHIBIT 1 TO SCHEDULE 13G
-------------------------
Keeley Asset Management Corp., Kamco Performance Limited Partnership
and Kamco Limited Partnership No. 1 agree that, unless differentiated, this
Schedule 13G is filed on behalf of each of the parties.
Dated this 14th day of June, 2000.
KEELEY ASSET MANAGEMENT CORP.
/s/ John L. Keeley, Jr.
--------------------------------------
John L. Keeley, Jr., President
KAMCO PERFORMANCE LIMITED PARTNERSHIP
/s/ John L. Keeley, Jr.
--------------------------------------
John L. Keeley, Jr., General Partner
KAMCO LIMITED PARTNERSHIP NO. 1
/s/ John L. Keeley, Jr.
--------------------------------------
John L. Keeley, Jr., General Partner
Page 9 of 9 Pages
