Form 13F
Form 13F Cover Page
Reporting for the Calendar Year or Quarter
Ended: December 31, 1999
Check here if Amendment [x]; Amendment
Number: 16
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 January 26, 2000
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:
81
Form 13F Information Table Value Total:
$153,477
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
AT&T Corp. Com 001957109 2,417 47,565 SH SOLE 47,565
Alza Corp Com 022615108 3,864 111,610 SH SOLE 111,610
AMRESCO Capital ComShBenInt 031919103 1,302 153,125 SH SOLE 153,125
Andarko Petroleum Com 032511107 198 5,800 SH SOLE 5,800
Apache Corp Com 037411105 310 8,400 SH SOLE 8,400
Barnett, Inc. Com 068062108 805 77,075 SH SOLE 77,075
Bostonfed Bancorp Com 101178101 858 54,057 SH SOLE 54,057
Burlington Resources Com 122014103 357 10,800 SH SOLE 10,800
CTG Resources Com 125957100 783 22,545 SH SOLE 22,545
Captec Net Lease Com 140724105 173 23,000 SH SOLE 23,000
Carolina Pwr & LT Com 144141108 335 11,000 SH SOLE 11,000
Ciber Inc. Com 17163B102 523 19,000 SH SOLE 19,000
Cohen & Steers Rlty Com 19247P107 110 16,975 SH SOLE 16,975
Cohen & Steers Total Com 19247R103 331 31,200 SH SOLE 31,200
Columbia Energy Com 197648108 3,050 48,220 SH SOLE 48,220
Complete Business Sol Com 20452F107 281 11,200 SH SOLE 11,200
Condor Tech Solutions Com 206772105 57 41,800 SH SOLE 41,800
Constellation Energy Com 210371100 2,172 74,905 SH SOLE 74,905
Dime Bancorp Com 25429Q102 2,478 163,897 SH SOLE 163,897
Federal Mogul Com 313549107 443 22,000 SH SOLE 22,000
GA Financial Com 361437106 874 65,934 SH SOLE 65,934
GP Strategies Com 36225V104 134 21,900 SH SOLE 21,900
Hi-Shear Industries Com 428399109 2,210 956,600 SH SOLE 956,600
Hilb Rogal Com 431294107 572 20,250 SH SOLE 20,250
ITLA Capital Com 450565106 1,920 152,882 SH SOLE 152,882
Imperial Credit Comm Com 45272T102 1,794 157,739 SH SOLE 157,739
Kinder Morgan Com 49455P101 2,730 135,225 SH SOLE 135,225
MCN Energy Corp. Com 55267J100 2,314 97,420 SH SOLE 97,420
Martin Marietta Mtls Com 573284106 2,144 52,300 SH SOLE 52,300
Mastech Corp Com 57632N105 228 9,200 SH SOLE 9,200
McCormick & Co. NonVtg 579780206 644 21,634 SH SOLE 21,634
Mercantile Bankshs Com 587405101 889 27,830 SH SOLE 27,830
Mitchell Energy CLA 606592202 763 34,600 SH SOLE 34,600
Mitchell Energy CLB 606592301 3,009 139,550 SH SOLE 139,550
Modis Professional Serv Com 607830106 2,495 175,105 SH SOLE 175,105
NS Group Com 628916108 499 65,500 SH SOLE 65,500
Networks Assoc Com 640938106 657 24,600 SH SOLE 24,600
Newmont Mining Com 651639106 245 10,000 SH SOLE 10,000
Nicor Inc. Com 654086107 3,961 121,890 SH SOLE 121,890
Nisource Com 65473P105 608 34,000 SH SOLE 34,000
NUI Corp. Com 629430109 232 8,800 SH SOLE 8,800
OceanFirst Financial Com 675234108 386 22,316 SH SOLE 22,316
PartnerRe Holdings Com G6852T105 6,075 187,263 SH SOLE 187,263
Payless Shoe Source Com 704379106 4,212 89,613 SH SOLE 89,613
PFF Bancorp Com 69331W104 1,048 54,127 SH SOLE 54,127
Penn Virginia Corp Com 707882106 177 10,555 SH SOLE 10,555
Piedmont Natural Gas Com 720186105 1,627 54,030 SH SOLE 54,030
Placer Dome Com 725906101 161 15,000 SH SOLE 15,000
Prime Retail Com 741570105 691 123,000 SH SOLE 123,000
Questar Corp. Com 748356102 1,964 130,910 SH SOLE 130,910
ReliaStar Com 75952U103 5,137 131,085 SH SOLE 131,085
Resource Asset Inv Com 761196104 1,987 183,824 SH SOLE 183,824
Right Mgmt Cons Com 766573109 312 27,100 SH SOLE 27,100
Seagram Ltd Com 811850106 3,405 75,775 SH SOLE 75,775
Shared Medical Com 819486101 1,008 19,785 SH SOLE 19,785
SunTrust Bks Com 867914103 5,698 82,811 SH SOLE 82,811
Town & Country Trust ShBenInt 892081100 780 43,482 SH SOLE 43,482
Transportation Tech Com 89388T101 641 35,900 SH SOLE 35,900
Transpro Inc. Com 893885103 363 56,375 SH SOLE 56,375
U.S. Lime & Mineral Com 911922102 317 45,325 SH SOLE 45,325
Union Pacific Resources Com 907834105 255 20,000 SH SOLE 20,000
US Industries Com 912080108 4,482 320,122 SH SOLE 320,122
Unisys Corp Com 909214108 239 7,500 SH SOLE 7,500
UnumProvident Corp Com 91529Y106 6,925 215,990 SH SOLE 215,990
Waste Industries Com 941058109 612 54,100 SH SOLE 54,100
Washington Gas & Lgt Com 938837101 556 20,200 SH SOLE 20,200
Washington Mutual Com 939322103 1,522 58,844 SH SOLE 58,844
Woodward Governor Com 980745103 1,858 67,560 SH SOLE 67,560
Cellstar 5% '02 SUBNTCONV 150925AC9 384 500,000 PRN SOLE 500,000
Center Tr Inc. SDCV 151845AA2 5,111 5,428,000 PRN SOLE 5,428,000
Dura Pharmac 3.5% 02 SUBNTCV 26632SAA7 4,327 5,372,000 PRN SOLE 5,372,000
Healthsouth 3.25% '03 SBDBCV 421924AF8 2,541 3,262,000 PRN SOLE 3,262,000
Kellstrom 5.5% '03 SBNTCV 488035AE6 998 1,500,000 PRN SOLE 1,500,000
Kellstrom 5.75% '02 SBNTCV 488035AC0 4,590 6,729,000 PRN SOLE 6,729,000
Personnel Grp 5.75% 04 SBNTCV 715338AE9 3,705 4,543,000 PRN SOLE 4,543,000
Prime Retail pfd 8.5% PfdConvSerB 741570303 5,725 484,730 SH SOLE 484,730
Quintiles 4.25% 00 SBNTCV 748767AC4 4,772 4,916,000 PRN SOLE 4,916,000
Transamerica 10%'03 SBDBCONV 89351VAA7 379 395,000 PRN SOLE 395,000
Metamor Worldwide SBNTCV 59133PAA8 4,957 5,766,000 PRN SOLE 5,766,000
Network Assoc 00% '18 SBDBCV 640938AB2 2,678 7,167,000 PRN SOLE 7,167,000
Waste Mgmt 4% 02 SUBNTCONV 94106LAA7 11,103 12,785,000 PRN SOLE 12,785,000
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