Form 13F
Form 13F Cover Page
Reporting for the Calendar Year or Quarter
Ended: September 30, 1999
Check here if Amendment [x]; Amendment
Number: 15
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 November 2, 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:
65
Form 13F Information Table Value Total:
$144,226
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 1,355 154,825 SH SOLE 154,825
Andarko Petroleum Com 032511107 177 5,800 SH SOLE 5,800
Apache Corp Com 037411105 363 8,400 SH SOLE 8,400
Bank United CLA 065412108 1,556 48,050 SH SOLE 48,050
Barnett, Inc. Com 068062108 380 41,400 SH SOLE 41,400
Bostonfed Bancorp Com 101178101 863 57,500 SH SOLE 57,500
Burlington Resources Com 122014103 198 5,400 SH SOLE 5,400
CTG Resources Com 125957100 985 27,845 SH SOLE 27,845
Carolina Pwr & LT Com 144141108 389 11,000 SH SOLE 11,000
Chastain Capital Com 161697107 2,095 300,700 SH SOLE 300,700
Columbia Energy Com 197648108 2,621 47,335 SH SOLE 47,335
Constellation Energy Com 210371100 2,332 82,905 SH SOLE 82,905
Dime Bancorp Com 25429Q102 3,050 174,295 SH SOLE 174,295
GA Financial Com 361437106 951 73,896 SH SOLE 73,896
Hi-Shear Industries Com 428399109 2,493 974,000 SH SOLE 974,000
Hilb Rogal Com 431294107 507 20,250 SH SOLE 20,250
ITLA Capital Com 450565106 2,495 169,132 SH SOLE 169,132
Imperial Credit Comm Com 45272T102 5,013 455,711 SH SOLE 455,711
Long Beach Financial Com 542446109 2,527 159,191 SH SOLE 159,191
MCN Energy Corp. Com 55267J100 1,530 89,035 SH SOLE 89,035
McCormick & Co. NonVtg 579780206 715 21,634 SH SOLE 21,634
Mercantile Bankshs Com 587405101 365 11,800 SH SOLE 11,800
Mitchell Energy CLB 606592301 581 24,700 SH SOLE 24,700
Modis Professional Serv Com 607830106 1,408 106,260 SH SOLE 106,260
Newmont Mining Com 651639106 259 10,000 SH SOLE 10,000
Nicor Inc. Com 654086107 1,142 30,725 SH SOLE 30,725
NovaCare Employee Com 66986Q101 1,503 616,450 SH SOLE 616,450
OceanFirst Financial Com 675234108 428 26,116 SH SOLE 26,116
PartnerRe Holdings Com G6852T105 7,019 201,997 SH SOLE 201,997
Payless Shoe Source Com 704379106 4,914 97,303 SH SOLE 97,303
PFF Bancorp Com 69331W104 1,620 78,553 SH SOLE 78,553
Penn Virginia Corp Com 707882106 224 10,780 SH SOLE 10,780
Piedmont Natural Gas Com 720186105 680 22,420 SH SOLE 22,420
Placer Dome Com 725906101 223 15,000 SH SOLE 15,000
Questar Corp. Com 748356102 1,270 70,060 SH SOLE 70,060
ReliaStar Com 75952U103 3,167 95,241 SH SOLE 95,241
Resource Asset Inv Com 761196104 2,262 203,275 SH SOLE 203,275
Seagram Ltd Com 811850106 3,843 84,455 SH SOLE 84,455
Shared Medical Com 819486101 1,992 42,615 SH SOLE 42,615
Standard Register Co. Com 853887107 1,676 71,312 SH SOLE 71,312
SunTrust Bks Com 867914103 5,659 86,064 SH SOLE 86,064
Town & Country Trust ShBenInt 892081100 785 44,407 SH SOLE 44,407
Transpro Inc. Com 893885103 327 66,200 SH SOLE 66,200
U.S. Lime & Mineral Com 911922102 297 49,575 SH SOLE 49,575
Union Pacific Resources Com 907834105 321 20,000 SH SOLE 20,000
US Industries Com 912080108 5,205 330,495 SH SOLE 330,495
United Stationers Com 913004107 426 20,000 SH SOLE 20,000
UnumProvident Corp Com 91529Y106 3,752 127,460 SH SOLE 127,460
Waste Industries Com 941058109 771 57,925 SH SOLE 57,925
Walter Industries Com 93317Q105 631 46,750 SH SOLE 46,750
Washington Gas & Lgt Com 938837101 563 20,775 SH SOLE 20,775
Woodward Governor Com 980745103 1,856 74,410 SH SOLE 74,410
Cellstar 5% '02 SUBNTCONV 150925AC9 360 500,000 PRN SOLE 500,000
Center Tr Inc. SDCV 151845AA2 4,889 5,129,000 PRN SOLE 5,129,000
Dura Pharmac 3.5% 02 SUBNTCV 26632SAA7 4,618 5,973,000 PRN SOLE 5,973,000
Healthsouth 3.25% '03 SBDBCV 421924AF8 4,853 6,278,000 PRN SOLE 6,278,000
Kellstrom 5.5% '03 SBNTCV 488035AE6 1,058 1,500,000 PRN SOLE 1,500,000
Kellstrom 5.75% '02 SBNTCV 488035AC0 3,978 5,449,000 PRN SOLE 5,449,000
Personnel Grp 5.75% 04 SBNTCV 715338AE9 3,172 4,435,000 PRN SOLE 4,435,000
Prime Retail pfd 8.5% PfdConvSerB 741570303 8,103 581,351 SH SOLE 581,351
Quintiles 4.25% 00 SBNTCV 748767AC4 2,900 3,000,000 PRN SOLE 3,000,000
Transamerica 10%'03 SBDBCONV 89351VAA7 458 458,000 PRN SOLE 458,000
Metamor Worldwide SBNTCV 59133PAA8 4,182 6,180,000 PRN SOLE 6,180,000
NovaCare 5.5% '00 SBDEBCV 669930AA7 9,942 10,987,000 PRN SOLE 10,987,000
Waste Mgmt 4% 02 SUBNTCONV 94106LAA7 7,949 8,921,000 PRN SOLE 8,921,000
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