The Killen Group
FORM 13F
"March 31, 1999"
Voting Authority
--------------------------
Value Shares/ Sh/ Put/ Invstmt Other
Name of Issuer Title of class CUSIP (x$1000) Prn Amt
Prn Call Dscretn Managers Sole Shared None
- ------------------------------ ----------------
- --------- -------- -------- --- ---- ------- --
- ---------- -------- -------- --------
AIRGAS INC COM COM 009363102 2711 323700 SH Sole 56200 267500
AK STL HLDG CORP COM COM 001547108 6388 283144 SH Sole 119016 164128
ANANGEL-AMERN SHIPHLDG SPONSOR COM 032721201 1991 448751 SH Sole 275711
173040
ASA LTD COM COM 002050102 296 17800 SH Sole 15000 2800
B&H OCEAN CARRIERS LTD COM COM 055090104 956 493467 SH Sole 306405 187062
BERRY PETE CO CL A COM 085789105 2417 219683 SH Sole 50000 169683
BLAIR CORP COM COM 092828102 1816 115300 SH Sole 36900 78400
BROWN & SHARPE MFG CO CL A COM 115223109 1430 297194 SH Sole 146944 150250
BSB BANCORP COM COM 055652101 5031 206549 SH Sole 71545 135004
BT SHIPPING LTD SPN ADR REP 5S COM 056007305 176 93807 SH Sole 51887 41920
CALLON PETE CO DEL COM COM 13123X102 3019 271330 SH Sole 89500 181830
CAMPBELL RES INC NEW COM COM 134422104 189 606392 SH Sole 606392
CARBIDE/GRAPHITE GROUP COM COM 140777103 747 68700 SH Sole 68700
CASCADE CORP COM COM 147195101 465 43720 SH Sole 43720
CHICAGO TITLE CORP COM COM 168228104 3282 90233 SH Sole 10500 79733
CHIQUITA BRANDS COM 170032106 986 96783 SH Sole 400 96383
CLEVELAND CLIFFS INC COM COM 185896107 4189 122980 SH Sole 40250 82730
COCA COLA BOTTLNG CONS COM COM 191098102 332 6000 SH Sole 6000
COHO ENERGY INC COM COM 192481109 215 344300 SH Sole 169000 175300
COMMONWEALTH TELEPHONE ENTRP. COM 203349105 5788 157242 SH Sole 53526 103716
COURIER CORP COM COM 222660102 4729 227918 SH Sole 137915 90003
CULP INC COM COM 230215105 1747 300521 SH Sole 141415 159106
DATA I O CORP COM COM 237690102 663 461248 SH Sole 275855 185393
DIXIE GROUP INC COM 255519100 3081 432447 SH Sole 269551 162896
DREW INDS INC COM NEW COM 26168L205 3145 276500 SH Sole 91200 185300
DUCOMMUN INC DEL COM COM 264147109 3005 320536 SH Sole 94366 226170
DURA PRODUCTS INTERNATIONAL COM 265904102 124 331700 SH Sole 139500 192200
ENVIROGEN INC COM COM 294040100 34 20000 SH Sole 20000
ESTERLINE TECHNOLOGIES COM COM 297425100 4397 339895 SH Sole 127470 212425
FIRST AMERN FINL CORP COM COM 318522307 3196 202094 SH Sole 85113 116981
FIRST ESSEX BANCORP COM COM 320103104 662 43958 SH Sole 11500 32458
FREEPORT MCMORAN COPPER & GOLD COM 35671D857 1101 101229 SH Sole 25000 76229
FRONTIER OIL CORP COM COM 35914P105 3262 652409 SH Sole 393844 258565
GIANT INDS INC COM COM 374508109 933 109010 SH Sole 48000 61010
GREIF BROS CORP CL A COM 397624107 3580 162730 SH Sole 54300 108430
GRIFFON CORP COM COM 398433102 76 11000 SH Sole 11000
HARDINGE INC COM COM 412324303 2676 189453 SH Sole 55200 134253
IMC GLOBAL INC COM COM 449669100 1664 81439 SH Sole 1000 80439
IMPALA PLATINUM HOLDING-ADR COM 452553209 5486 320131 SH Sole 173616 146515
INACOM CORP COM COM 45323G109 1438 185570 SH Sole 70550 115020
KAISER ALUMINUM CORP COM COM 483007100 1570 288786 SH Sole 158200 130586
KEVCO INC COM COM 492716105 669 152950 SH Sole 74500 78450
KEYSTONE CONS INDS INC COM COM 493422109 1367 248623 SH Sole 115228 133395
KING WORLD PRODTNS INC COM COM 495667107 2700 88350 SH Sole 1500 86850
LADD FURNITURE INC COM PAR 0.3 COM 505739201 4893 285730 SH Sole 90998 194732
LAWRENCE SV BK MA NEW COM COM 520341108 1669 173400 SH Sole 35500 137900
LINDBERG CORP COM COM 535171102 3706 420566 SH Sole 140955 279611
LOUIS DREYFUS NAT GAS COM COM 546011107 2029 139924 SH Sole 80286 59638
MAXXAM INC COM COM 577913106 3552 70513 SH Sole 16806 53707
MIDWAY AIRLS CORP COM COM 598126100 364 31000 SH Sole 31000
NATIONAL STD CO COM COM 637742107 1266 422159 SH Sole 267634 154525
NORD PAC LTD ORD NEW COM 65556D102 231 434271 SH Sole 310110 124161
PATRICK INDS INC COM COM 703343103 2778 205800 SH Sole 105800 100000
PLACER DOME INC COM COM 725906101 112 10000 SH Sole 10000
PLAINTREE SYS INC COM COM 72663E106 63 400900 SH Sole 196000 204900
PRINTRONIX INC COM COM 742578107 4666 419428 SH Sole 177752 241676
QUIDEL CORP COM COM 74838J101 1702 851034 SH Sole 360676 490358
RANGER OIL LTD COM COM 752805101 3128 782121 SH Sole 505075 277046
REPAP ENTERPRISES INC COM COM 76026M309 204 3000148 SH Sole 3000148
ROBBINS & MYERS INC COM COM 770196103 2108 121334 SH Sole 36908 84426
SCAN OPTICS INC COM COM 805894102 3166 904512 SH Sole 387417 517095
STOLT NIELSEN S A COM COM L88742108 3803 351683 SH Sole 110500 241183
SUNOCO INC COM COM 86764P109 6339 175789 SH Sole 59654 116135
SYNALLOY CP DEL COM COM 871565107 846 123000 SH Sole 74400 48600
TEREX CORP NEW COM COM 880779103 5100 211387 SH Sole 95044 116343
TODHUNTER INTL INC DEL COM COM 889050100 1587 215194 SH Sole 131141 84053
TRANS LUX CORP COM COM 893247106 1314 152373 SH Sole 71800 80573
WELLS GARDNER ELECTRS COM COM 949765101 878 334400 SH Sole 128500 205900
WESTMORELAND COAL CO COM COM 960878106 3015 742117 SH Sole 599350 142767
WHITTAKER CORP DEL COM PAR 0.0 COM 966680407 1585 72269 SH Sole 52701 19568
WORLD FUEL SVCS CORP COM COM 981475106 317 27250 SH Sole 27250
BATTLE MTN GOLD CO PFD CONV 3. PFD CV 071593305 1118 33500 SH Sole
BETHLEHEM STL CORP PFD CONV 14 PFD CV 087509501 1896 49567 SH Sole
CALLON PETE CO DEL PFD A CV EX PFD CV 13123X201 3016 110685 SH Sole
CHIQUITA BRANDS INTL PFD A NON PFD CV 170032403 1434 38310 SH Sole
CHIQUITA BRANDS INTL PFD CV B PFD CV 170032502 463 10350 SH Sole
CYPRUS AMAX MINERALS PFD A CON PFD CV 232809202 1917 49470 SH Sole
FREEPORT-MCMORAN COP&G PFD A C PFD CV 35671D501 1819 114557 SH Sole
HECLA MNG B PFD CV 422704205 2070 58305 SH Sole
LSB PFD C PFD CV 502160500 966 35125 SH Sole
USX MARATHON GROUP PFD CONV 6. PFD CV 902905819 299 6100 SH Sole
WESTERN GAS RES INC PFD CONV . PFD CV 958259301 959 30950 SH Sole
WESTMORELAND COAL CO PFD DP A PFD CV 960878304 768 43572 SH Sole
CASTLE CONV FD INC COM COM 148443104 1228 56800 SH Sole
DUFF&PHELPS UTIL CP BD COM COM 26432K108 989 66226 SH Sole
DUFF&PHELPS UTILS INCM COM COM 264324104 1695 157650 SH Sole
INDEPENDENCE SQ INCOME COM COM 453779100 870 52350 SH Sole
MONTGOMERY STR INC SEC COM COM 614115103 282 14750 SH Sole
BUILDERS TRANSPORT INC CONV 120084AA6 10 1049000 PRN Sole
BUILDERS TRANSPORT INC CONV 120084AB4 10 1014000 PRN Sole
COEUR D ALENE MINES CORP IDAHO CONV 192108AE8 139 238000 PRN Sole
CRAY RESH INC CONV 225224AA2 318 469000 PRN Sole
DIXIE GROUP INC CONV 255519AA8 4082 5103000 PRN Sole
DRUG EMPORIUM INC CONV 262175AA0 3839 5170000 PRN Sole
FIELDCREST CANNON INC CONV 316549AB0 212 270000 PRN Sole
GTE CORP. CONV 362320AV5 826 750000 PRN Sole
HOMESTAKE MINING CONV 444172928 1532 1600000 PRN Sole
INACOM CORP CONV 45323GAB5 191 250000 PRN Sole
KOLLMORGEN CORP CONV 500440AA0 2385 2344000 PRN Sole
OHM CORP. CV CONV 670839AA7 633 700000 PRN Sole
PECO ENERGY CAP TR III CONV 69331VAA4 944 1000000 PRN Sole
POTOMAC ELEC PWR CO CONV 737679BL3 35 35000 PRN Sole
REPTRON ELECTRONICS INC CONV 76026WAA7 1224 2750000 PRN Sole
ROBBINS & MYERS CONV 770196AA1 1864 2094000 PRN Sole
STANDARD COMMERCIAL CORP CONV 853258AA9 2277 3951000 PRN Sole
STONE CONTAINER CORP CONV 861589AE9 1635 2018000 PRN Sole
SWIFT ENERGY CO CONV 870738AB7 1510 2040000 PRN Sole
TRANS LUX CORP CONV 893247AD8 3154 3231000 PRN Sole
VLSI TECHNOLOGY INC CONV 918270AB5 18 18000 PRN Sole
WORLDWAY CORP CONV 98155FAA1 742 911000 PRN Sole
REPORT SUMMARY 110 DATA RECORDS 203523 0 OTHER MANAGERS
ON WHOSE BEHALF REPORT IS FILED
