SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
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INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
Schwitzer Inc.
(NAME OF ISSUER)
Common Stock, par value $.10
(TITLE OF CLASS OF SECURITIES)
808606107
(CUSIP NUMBER)
Check the following box if a fee is being paid with this
statement. [X]
(A fee is not required only if the filing person: (1) has a
previous statement 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).
PAGE 1 OF 5 PAGES
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13G
CUSIP No. 808606107
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Manley Fuller Asset Management, L.P.
TIN 13-3754383
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_____________________________________________________________________________
NUMBER OF (5) SOLE VOTING POWER 410,700
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER N/A
OWNED BY ______________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER 420,100
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER N/A
_____________________________________________________________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 420,100
_____________________________________________________________________________
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9) 5.84%
_____________________________________________________________________________
(12) TYPE OF REPORTING PERSON ** IA
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
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ITEM 1(a). NAME OF ISSUER: Schwitzer Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
P.O. Box 15075, Asheville, North Carolina 28813
ITEM 2(a). NAME OF PERSON FILING:
Manley Fuller Asset Management, Inc.
ITEM 2(b). ADDRESS OF PRINCIPAL OFFICE OR, IF NONE, RESIDENCE:
1185 Avenue of the Americas, 30th Floor
New York, New York 10036
ITEM 2(c). CITIZENSHIP: Delaware
ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, par
value $.10
ITEM 2(e). CUSIP NUMBER: 808606107
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b),
OR 13d-2(b), CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under Section 15
of the Act
(b) [ ] Bank as defined in Section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in Section
3(a)(19) of the Act
(d) [ ] Investment Company registered under Section 8
of the Investment Company Act
(e) [X] Investment Adviser registered under Section
203 of the Investment Advisers Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which is
subject to the provisions of the Employee
Retirement Income Security Act of 1974 or
Endowment Fund; see Rule 13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with
Rule 13d-1(b)(ii)(G); see item 7
(h) ( ) Group, in accordance with Rule 13d-
1(b)(1)(ii)(H)
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ITEM 4. OWNERSHIP.
(a) Amount beneficially owned: 420,100 Shares
(b) Percent of class: 5.84%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
410,700
(ii) shared power to vote or to direct the vote
N/A
(iii) sole power to dispose or to direct the
disposition of
420,100
(iv) shared power to dispose or to direct the
disposition of
N/A
The reporting person holds for the accounts of its
investment advisory clients, and thereby beneficially
owns, within the meaning of Rule 13d-3 under the
Securities Exchange Act of 1934, the foregoing shares
of Common Stock. The reporting person has the sole
power to vote and dispose of, and shares the power to
vote and dispose of, such shares of Common Stock to the
extent set forth above.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. N/A
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF
ANOTHER PERSON.
This Schedule 13G is filed by Manley Fuller Asset
Management, L.P., an investment adviser registered
under Section 203 of the Investment Advisers Act of
1940, as amended, with respect to Common Stock
purchased by it on behalf of its investment advisory
clients. Each such client has the right to receive or
the power to direct the receipt of dividends from, or
the proceeds from the sale of, the securities held in
such person's account. No such client has any of the
foregoing rights with respect to more than five percent
of the class of securities identified in Item 2(d).
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY
WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE
PARENT HOLDING COMPANY. N/A
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Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE
GROUP. N/A
ITEM 9. NOTICE OF DISSOLUTION OF GROUP. N/A
ITEM 10. CERTIFICATION. (if filing pursuant to Rule 13d-1(b))
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, 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
not acquired in connection with or as a participant in any
transaction having such purposes or effect.
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.
Date: February 13, 1995
Manley Fuller Asset Management, L.P.
By: Manley Fuller, Inc.
General Partner
By: /s/ Elizabeth A. Geraghty
Secretary, Treasurer
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