SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 _________
SCHEDULE 13D
Under the Securities Exchange Act of 1934 (Amendment No. 3 )
Sun Television & Appliances, Inc.
(Name of Issuer)
Common Stock, $.01 par value
(Title of Class of Securities)
866881-10-5
(CUSIP Number)
Peter R. Kellogg
c/o Spear, Leeds & Kellogg
120 Broadway
New York, New York 10271
(212) 433-7000
(Name, address and telephone number of person
authorized to receive notices and communications)
August 5, 1998
(Date of event which requires filing of this statement)
(Continued on following page(s))
Page 1 of 5 Pages
Cusip No. 866881-10-5
_____________________________________________________
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Peter R. Kellogg
_____________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b) x
___ _____________________________________________________
3. SEC USE ONLY
_____________________________________________________
4. SOURCE AND AMOUNT OF FUNDS Personal funds of Peter R.
Kellogg and margin funds of Spear, Leeds & Kellogg
____________________________________________________
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(D) OR 2(E)
_____________________________________________________
6. CITIZENSHIP OR PLACE OF ORGANIZATION USA
Number of Shares Beneficially Owned by Each Reporting Person With
_____________________________________________________
7. SOLE VOTING POWER NUMBER OF SHARES 1,649,000
________________________________________________
8. SHARED VOTING POWER 100,000
________________________________________________
9. SOLE DISPOSITIVE POWER 1,649,000
________________________________________________
10.SHARED DISPOSITIVE POWER 100,000
_____________________________________________________ 11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,749,000
_____________________________________________________ 12. CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
_____________________________________________________ 13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.029%
_____________________________________________________ 14. TYPE
OF REPORTING PERSON IN
_____________________________________________________
SCHEDULE 13D
(Amendment No. 3)
NOTE: All capitalized terms used in this Amendment No. 3
and not defined herein shall have the same meaning as in the
previously filed statement of Peter R. Kellogg on Schedule 13D,
as amended. Except as expressly stated below, there have been no
material changes in the information contained in such Schedule
13D, as amended.
Item 5. Interest in Securities of the Issuer
(a) As of August 14, 1998, Mr. Kellogg may be deemed the
beneficial owner of 1,749,000 shares of the Common Stock of Sun
Television & Appliances, Inc. Of those shares, 1,099,000 were
owned by Mr. Kellogg personally, 550,000 were owned by IAT
Reinsurance Syndicate Ltd., and 100,000 were owned by the
Foundation.
(b) The following table sets forth information with respect
to all purchases, sales or donations of the Common Stock by Mr.
Kellogg, IAT, and the Foundation for purposes of Section 13(d) of
the 1934 Act since June 14, 1998.
Peter R. Kellogg
Number
Date of of Type of Price
Transaction Shares Transaction Per
Share
07/29/98 1,000 OTC Sell 1.3750
07/29/98 5,000 OTC Buy 1.4375
07/30/98 10,000 OTC Buy 1.4375
07/31/98 10,000 OTC Buy 1.4375
08/03/98 62,500 OTC Buy 1.3925
08/04/98 5,000 OTC Buy 1.4375
08/05/98 7,500 OTC Buy 1.4375
SIGNATURE
After reasonable inquiry and to the best of my
knowledge and belief, I certify that the information
set fourth in this Statement is true, complete and
correct.
Dated: __August 14, 1998___
_____________________
Peter R. Kellogg
