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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Insurance Auto Auctions, Inc.
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(Name of Issuer)
Common
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(Title of Class of Securities)
457875102
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(Cusip Number)
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above
Person.
WALLACE R. WEITZ & COMPANY 47-0654095
2) Check the Appropriate Box if a Member of a Group.
(a) [ ]
(b) [ X ]
3) SEC Use Only.
4) Citizenship or Place of Organization.
STATE OF NEBRASKA
Number of Shares Beneficially Owned by Each Reporting Person With:
5) Sole Voting Power: 1,245,000
6) Shared Voting Power: NONE
7) Sole Dispositive Power: 1,245,000
8) Shared Dispositive Power: NONE
9) Aggregate Amount Beneficially Owned by Each Reporting Person.
1,245,000
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares. [ ]
11) Percent of Class Represented by Amount in Row 9.
11.00%
12) Type of Reporting Person.
IA
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SCHEDULE 13G Page -2-
Item 1(a). Name of Issuer:
INSURANCE AUTO AUCTIONS, INC.
Item 1(b). Address of Issuer's Principal Executive Office:
850 EAST ALGONQUIN ROAD, SUITE 100
SCHAUMBURG, ILLINOIS 60173-3855
Item 2(a). Name of Person Filing:
WALLACE R. WEITZ & COMPANY
Item 2(b). Address of Person Filing:
1125 SOUTH 103RD STREET, SUITE 600
OMAHA, NEBRASKA 68124-6008
Item 2(c). Citizenship:
STATE OF NEBRASKA
Item 2(d). Title of Class of Securities:
COMMON
Item 2(e). CUSIP Number:
457875102
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 23-d(b),
check whether the person filing is a:
[ X ] INVESTMENT ADVISER REGISTERED UNDER SECTION 203 OF THE
INVESTMENT ADVISER ACT OF 1940
Item 4. Ownership:
(a) Amount Beneficially Owned: 1,245,000
(b) Percent of Class: 11.00%
(c) Number of Shares as to which such person has:
(i) sole power to direct vote: 1,245,000
(ii) shared power to direct vote: NONE
(iii) sole power to dispose: 1,245,000
(iv) shared power to dispose: NONE
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Item 10. Certification
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 and 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.
/s/ Wallace R. Weitz
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Wallace R. Weitz, President
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:9/9/98 /s/ Wallace R. Weitz
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Wallace R. Weitz, President
