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<PAGE> PAGE 3
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<PAGE> PAGE 6
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SIGNATURE RICHARD P. SNYDER
TITLE ACCOUNTING MANAGER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000906333
<NAME> KEELEY SMALL CAP VALUE FUND, INC.
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-START> OCT-01-1993
<PERIOD-END> SEP-30-1994
<INVESTMENTS-AT-COST> 4274440
<INVESTMENTS-AT-VALUE> 4432850
<RECEIVABLES> 137322
<ASSETS-OTHER> 45483
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4615655
<PAYABLE-FOR-SECURITIES> 30060
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 82931
<TOTAL-LIABILITIES> 112991
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4489234
<SHARES-COMMON-STOCK> 438686
<SHARES-COMMON-PRIOR> 10000<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (144980)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 158410
<NET-ASSETS> 4502664
<DIVIDEND-INCOME> 43298
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 70655
<NET-INVESTMENT-INCOME> (27357)
<REALIZED-GAINS-CURRENT> (144980)
<APPREC-INCREASE-CURRENT> 158410
<NET-CHANGE-FROM-OPS> (13927)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 450261
<NUMBER-OF-SHARES-REDEEMED> 21575
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 4402664
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 28262
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 169948
<AVERAGE-NET-ASSETS> 2841918
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (0.06)
<PER-SHARE-GAIN-APPREC> 0.32
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
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<EXPENSE-RATIO> 2.49
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>The 10,000 shares is the initial amount purchased by John Keeley, Jr. for the
initial seed money.
</FN>
</TABLE>
