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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 QtYg4PVptejEb9udx163UsvwDY3MnI2H1Zw12NjZPwb4cIwOvju9R0VIpOCsidMD
 ZAJLHoiLi/7hGhBM6uSdhQ==

<SEC-DOCUMENT>0001093570-09-000006.txt : 20090213
<SEC-HEADER>0001093570-09-000006.hdr.sgml : 20090213
<ACCEPTANCE-DATETIME>20090213134815
ACCESSION NUMBER:		0001093570-09-000006
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090213
FILED AS OF DATE:		20090213
DATE AS OF CHANGE:		20090213
EFFECTIVENESS DATE:		20090213

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KELLNER DILEO & CO
		CENTRAL INDEX KEY:			0001093570
		IRS NUMBER:				133060260
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-05023
		FILM NUMBER:		09601310

	BUSINESS ADDRESS:	
		STREET 1:		900 THIRD AVE
		STREET 2:		SUITE 1000
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		2123500262

	MAIL ADDRESS:	
		STREET 1:		900 THIRD AVE
		STREET 2:		10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>dec08.txt
<TEXT>
<TABLE>	<C>				<C>
"NAME OF REPORTING MANAGER : KELLNER, DILEO & CO."
			Fair			Investment Discretion	 Voting
  Name of Issuer	Title of 	CUSIP	Market	 Shares or		Discretion	Authority		Price
	Class	 Number	 Value	 Principal
			    (thousands)	  Amount

B & G Foods Inc New	Unit 99/99/9999	05508R205	"1,441"	"139,185"		SOLE			10.35
CENTENNIAL COMMUNCTNS CORP N	Cl A New	15133v208	"1,209"	"150,000"		SOLE			8.06
DATASCOPE CORP	com	238113104	"4,878"	"93,373"		SOLE			52.24
Genentech Inc	Com New	368710406	"5,563"	"67,100"		SOLE			82.91
GREEN MTN COFFEE ROASTERS IN	com	393122106	-310	"-8,000"		SOLE			38.7
M/I HOMES INC	com	55305BAC5	"-1,575"	"-3,000"		SOLE			52.5
MENTOR CORP MINN	note	587188103	"3,093"	"100,000"		SOLE			30.93
MERRILL LYNCH & CO INC	note	590188108	"2,625"	"225,500"		SOLE			11.64
NATIONWIDE FINL SVCS INC	CL A 	638612101	"3,660"	"70,100"		SOLE			52.21
NDS GROUP PLC	Sponsored ADR	628891103	"1,204"	"21,000"		SOLE			57.34
PROVIDENT BANKSHARES CORP	com	743859100	483	"50,000"		SOLE			9.66
ROHM & HAAS CO	com	775371107	"4,313"	"69,800"		SOLE			61.79
Rosetta Resources Inc	Com	777779307	217	"30,650"		SOLE			7.08
UNIFI INC	com	904677ag6	"1,943"	"3,350"		SOLE			58
UST Inc	Com	902911106	"7,049"	"101,600"		SOLE			69.38
<C></TABLE>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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