Pursuant to Rule 424(b)(3)
                                                           Prospectus Supplement
                                              To Prospectus dated March 19, 1998
                                                            (File No. 333-44019)



                           KELLSTROM INDUSTRIES, INC.


               $54,000,000 Principal Amount of 5 3/4% Convertible
                           Subordinated Notes due 2002


                        2,996,811 Shares of Common Stock

                         -------------------------------

         This document supplements the Prospectus dated March 19, 1998 (File No.
333-44019) (the "Prospectus") filed by Kellstrom Industries, Inc., a Delaware
corporation (the "Company"), with the Securities and Exchange Commission
relating to (i) $54,000,000 aggregate principal amount of 5 3/4% Convertible
Subordinated Notes due 2002 (the "Notes") of the Company, (ii) 1,963,636 shares
of common stock, par value $.001 per share (the "Common Stock"), of the Company
which are initially issuable upon conversion of the Notes plus such additional
indeterminate number of shares of Common Stock as may become issuable upon
conversion of the Notes as a result of adjustments to the conversion price (the
"Note Shares"), (iii) 758,785 shares of Common Stock which are initially
issuable upon the exercise of warrants, including warrants held by certain
affiliates of the Company (the "Warrants"), having exercise prices ranging from
$5.00 to $22.00, previously issued by the Company and expiring between April 15,
2000 and January 15, 2004, plus such additional indeterminate number of shares
of Common Stock as may become issuable upon exercise of the Warrants as a result
of anti-dilution provisions (collectively the "Warrant Shares") and (iv) 274,390
additional shares of Common Stock owned by a certain stockholder (the
"Additional Shares", and together with the Note Shares and the Warrant Shares,
the "Shares"). The Notes and the Shares are being offered for the account of the
holders thereof (the "Selling Securityholders"). The Notes were initially
acquired from the Company by BT Alex. Brown Incorporated in October and November
1997 in connection with a private offering. This Prospectus Supplement is
incorporated by reference into the Prospectus, and all terms used herein shall
have the meaning assigned to them in the Prospectus. On August 16, 1999, the
last sale price of the Common Stock of the Company on the Nasdaq National Market
was $10.0625 per share. The Common Stock of the Company is traded under the
symbol "KELL."

             Selling Securityholder:     Merrill Lynch Convertible Fund, Inc.
                                         800 Scudders Mill Road
                                         Plainsboro, NJ 08536




             Securities Being Sold:     $1,000,000 aggregate principal amount
                                        of 5 3/4% Convertible Subordinated Notes
                                        due 2002

         As of August 4, 1999, and prior to giving effect to the sale of the
Notes being offered by the Selling Securityholder hereby, the Selling
Securityholder beneficially owned $1,000,000 aggregate principal amount of Notes
(representing 1.9% of the Notes outstanding as of such date). As of such date,
the Selling Securityholder did not beneficially own any shares of Common Stock
of the Company, other than the shares of Common Stock into which the Notes
beneficially owned by the Selling Securityholder are convertible.

             Selling Securityholder:    Banc of America Securities LLC
                                        9 West 57th Street, 29th Floor
                                        New York, NY 10019

             Securities Being Sold:     $250,000 aggregate principal amount of
                                        5 3/4% Convertible Subordinated Notes
                                        due 2002

         As of August 17, 1999, and prior to giving effect to the sale of the
Notes being offered by the Selling Securityholder hereby, the Selling
Securityholder beneficially owned $250,000 aggregate principal amount of Notes
(representing less than 10% of the Notes outstanding as of such date). As of
such date, the Selling Securityholder did not beneficially own any shares of
Common Stock of the Company, other than the shares of Common Stock into which
the Notes beneficially owned by the Selling Securityholder are convertible.

                          ----------------------------

SEE "RISK FACTORS" BEGINNING ON PAGE 8 OF THE PROSPECTUS FOR A
DESCRIPTION OF CERTAIN FACTORS THAT SHOULD BE CONSIDERED BY
PROSPECTIVE INVESTORS.

                          ----------------------------

                 NEITHER THE SECURITIES AND EXCHANGE COMMISSION
                     NOR ANY STATE SECURITIES COMMISSION HAS
                 APPROVED OR DISAPPROVED OF THESE SECURITIES OR
            PASSED UPON THE ADEQUACY OR ACCURACY OF THIS PROSPECTUS.
                       ANY REPRESENTATION TO THE CONTRARY
                             IS A CRIMINAL OFFENSE.

                           ---------------------------

         The date of this Prospectus Supplement is August 17, 1999.