Form 13F
Form 13F Cover Page
Reporting for the Calendar Year or Quarter
Ended: March 31, 1999
Check here if Amendment [x]; Amendment
Number: 13
This Amendment (Check only one):
[x] is a restatement.
[ ] ads new holdings entries.
Institutional Investment Manager Filing this
Report:
Name: Corbyn Investment Management, Inc.
Address: Suite 108 2330 W. Joppa Rd.
Lutherville, MD 21093
Form 13F File Number: 28-4242
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all information
contained herein is true, correct and complete, and that it is
understood that all required items, statements, schedules, lists
and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Karla K. Moore
Title: Corporate Secretary
Phone: 410-832-5500
Signature, Place and Date of Signing:
Karla K. Moore
Lutherville, MD May 4, 1999
Report Type (Check only one):
[X] 13F Holdings Report.
[ ] 13F Notice.
[ ] 13F Combination Report.
List of Other Managers Reporting for this Manager:
I am signing this report as required by the Securities Exchange
Act of 1934
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Form 13F Summary Page
Report Summary:
Numer of Other Included Managers:
0
Form 13F Information Table Entry Total:
60
Form 13F Information Table Value Total:
$177,243
List of Other Included Managers:
NONE
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Name of Issuer Title of Class CUSIP Value Shrs or SH/PRN Put/Call Investment Other Voting Authoirty
Prn amt Discretion Managers Sole Shared None
AMRESCO Capital ComShBenInt 031919103 2,772 279,275 SH SOLE 279,275
Alternative Resc Com 02145R102 128 20,000 SH SOLE 20,000
Andarko Petroleum Com 032511107 219 5,800 SH SOLE 5,800
Apache Corp Com 037411105 219 8,400 SH SOLE 8,400
Astoria Financial Com 046265104 3,133 62,654 SH SOLE 62,654
Baltimore Gas & El Com 059165100 3,630 143,035 SH SOLE 143,035
Barringer Tech ComNew 068509603 2,231 292,638 SH SOLE 292,638
Bostonfed Bancorp Com 101178101 1,292 71,750 SH SOLE 71,750
Building One Svcs Com 120114103 2,911 169,338 SH SOLE 169,338
Burlington Resources Com 122014103 216 5,400 SH SOLE 5,400
Capital Auto REIT ComShBenInt 139733109 572 45,950 SH SOLE 45,950
Chastain Capital Com 161697107 806 150,000 SH SOLE 150,000
Dime Bancorp Com 25429Q102 4,774 205,892 SH SOLE 205,892
GA Financial Com 361437106 1,633 110,611 SH SOLE 110,611
Griffon Corp Com 398433102 3,605 524,301 SH SOLE 524,301
HCR Manor Care Com 404134108 6,185 271,138 SH SOLE 271,138
Healthsouth Corp Com 421924101 4,264 410,947 SH SOLE 410,947
Hi-Shear Industries Com 428399109 2,617 1,026,800 SH SOLE 1,026,800
Hilb Rogal Com 431294107 390 23,025 SH SOLE 23,025
Host Marriott Services Com 440914109 6,621 980,836 SH SOLE 980,836
ITLA Capital Com 450565106 3,268 225,357 SH SOLE 225,357
Imperial Credit Com 45272T102 7,333 761,881 SH SOLE 761,881
Long Beach Financial Com 542446109 2,992 310,816 SH SOLE 310,816
McCormick & Co. NonVtg 579780206 628 21,634 SH SOLE 21,634
Mercantile Bankshs Com 587405101 431 11,800 SH SOLE 11,800
Metamor Worldwide Com 59133P100 644 46,000 SH SOLE 46,000
Mitchell Energy CLB 606592301 309 24,700 SH SOLE 24,700
NovaCare Employee Com 66986Q101 177 22,700 SH SOLE 22,700
OSI Systems Com 671044105 1,145 220,769 SH SOLE 220,769
Ocean Financial Com 674904107 862 59,976 SH SOLE 59,976
Pacific Gulf Properties Com 694396102 1,323 73,490 SH SOLE 73,490
PartnerRe Holdings Com G6852T105 9,433 232,919 SH SOLE 232,919
Payless Shoe Source Com 704379106 6,342 136,379 SH SOLE 136,379
PFF Bancorp Com 69331W104 2,447 139,809 SH SOLE 139,809
Penn Virginia Corp Com 707882106 869 49,505 SH SOLE 49,505
ReliaStar Com 75952U103 4,586 107,591 SH SOLE 107,591
Resource Asset Inv Com 761196104 3,824 325,450 SH SOLE 325,450
Seagram Ltd Com 811850106 5,027 100,532 SH SOLE 100,532
Shared Medical System Com 819486101 1,649 29,612 SH SOLE 29,612
Standard Register Co. Com 853887107 4,846 163,182 SH SOLE 163,182
Staten Island Bancorp Com 857550107 2,289 133,175 SH SOLE 133,175
SunTrust Bks Com 867914103 6,622 106,380 SH SOLE 106,380
Sun Bancorp Com 86663B102 486 25,897 SH SOLE 25,897
Thistle Group Hldgs Com 88431E103 295 34,675 SH SOLE 34,675
Town & Country Trust ShBenInt 892081100 7,577 513,020 SH SOLE 513,020
Transpro Inc. Com 893885103 345 78,975 SH SOLE 78,975
U.S. Lime & Mineral Com 911922102 398 56,875 SH SOLE 56,875
Union Pacific Resources Com 907834105 238 20,000 SH SOLE 20,000
Union Planters Com 908068109 2,611 59,429 SH SOLE 59,429
US Industries Com 912080108 6,506 395,768 SH SOLE 395,768
Waste Industries Com 941058109 730 48,700 SH SOLE 48,700
Walter Industries Com 93317Q105 1,538 136,700 SH SOLE 136,700
Woodward Governor Com 980745103 2,219 88,752 SH SOLE 88,752
Centertrust Retail SDCV 152038AA3 5,548 5,976,000 PRN SOLE 5,976,000
Prime Retail pfd 8.5% PfdConvSerB 741570303 13,876 867,236 SH SOLE 867,236
Kelley Oil & Gas SRSDCV 487736AA8 1,564 4,704,000 PRN SOLE 4,704,000
Novacare SBDEBCV 669930AA7 8,966 12,453,000 PRN SOLE 12,453,000
Transamerica 10%'03 SBDBCONV 89351VAA7 496 482,000 PRN SOLE 482,000
Emcor Group 5.75 05 SBNTCV 29084QAC4 2,167 2,500,000 PRN SOLE 2,500,000
Metamor Worldwide SBNTCV 59133PAA8 6,419 9,857,000 PRN SOLE 9,857,000
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