SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Schedule 13G


Under the Securities Exchange Act of 1934
(Amendment No(  2  )*

    Pioneer Standard Electric
      (Name of Issuer)

Common Stock     No Par Value
(Title of Class of Securities)

     723877106
   (CUSIP  Number)


Check the following box if a fee is being paid with
A fee is not required only if the filing person:  (1) has a previous
statement on
file reporting beneficial ownership of more than five percent of the
class of
securities described in Item 1; and (2) has filed no amendment
subsequent
thereto reporting beneficial ownership of five percent or less of such
class.)
(See Rule 13d-7.)

*The remainder of this cover page shall be filled out for a reporting
person's
initial filing on this form with respect to the subject class of
securities, and
for any subsequent amendment containing information which would alter
the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the
Securities
Exchange Act of 1934 ("Act") or otherwise subject to the  liabilities
of that
section of the Act but shall be subject to all other provisions of the
Act (however, see the  Notes).

(Continued on  following page(s))

Page 1 of 3 Pages

 CUSIP No.     723877106        13G      Page 2 of 3 Pages


1 NAME OF REPORTING PERSON
  S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                 Fiduciary Management, Inc.
                        39-1346018


2 CHECK THE APPROPRIATE BOX IF  A MEMBER OF A GROUP *
                               (a)X
                               (b)


3 SEC USE ONLY


4 CITIZENSHIP OR PLACE OF ORGANIZATION

                 225 East Mason  Street
                 Milwaukee, WI  53202


 NUMBER OF           5   SOLE VOTING POWER
   SHARES
BENEFICIALLY         6   SHARED VOTING POWER
OWNED BY EACH
 REPORTING           7   SOLE DISPOSITIVE POWER
  PERSON                                     1,748,055
    WITH             8   SHARED DISPOSITVE POWER
                                             273,100

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                                             2,021,155

10 cHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES *



11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

                                           7.46%

12   TYPE OF REPORTING PERSON *
        IA

        *SEE INSTRUCTION BEFORE FILLING OUT



CUSIP No. 536314107                                Page 3 of 3



After reasonable inquiry and to the best of my knowledge and belief,
the information set forth in this statement is true, complete, and
correct.


                        Date:  February 9, 2000


                          Ted D. Kellner, C.F.A.
                          Chairman and Chief Executive Officer
                          Fiduciary Management, Inc.