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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000903949-03-000002.txt : 20030213
<SEC-HEADER>0000903949-03-000002.hdr.sgml : 20030213
<ACCEPTANCE-DATETIME>20030213104514
ACCESSION NUMBER:		0000903949-03-000002
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20030213
GROUP MEMBERS:		ALBERT O. NICHOLAS
GROUP MEMBERS:		NICHOLAS FUND

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MERCURY GENERAL CORP
		CENTRAL INDEX KEY:			0000064996
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		IRS NUMBER:				952211612
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-11026
		FILM NUMBER:		03557074

	BUSINESS ADDRESS:	
		STREET 1:		4484 WILSHIRE BOULEVARD
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90010
		BUSINESS PHONE:		2139371060

	MAIL ADDRESS:	
		STREET 1:		LOS ANGELES

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NICHOLAS CO INC /WI
		CENTRAL INDEX KEY:			0000903949
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				391091673
		STATE OF INCORPORATION:			WI
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		700 N WATER ST
		STREET 2:		STE 1010
		CITY:			MILWAUKEE
		STATE:			WI
		ZIP:			53202
		BUSINESS PHONE:		4142724650

	MAIL ADDRESS:	
		STREET 2:		700 N WATER ST STE 1010
		CITY:			MILWAUKEE
		STATE:			WI
		ZIP:			53202
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>mercuryg.htm
<TEXT>
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<pre><font size="2">


</font></pre>

<pre><font size="2">                     SECURITIES AND EXCHANGE COMMISSION
                       </font></pre>

<pre><font size="2">                          Washington, D.C.  20549</font></pre>

<pre><font size="2">                               Schedule 13G</font></pre>

<pre><font size="2">                  Under the Securities Exchange Act of 1934</font></pre>

<pre><font size="2">                            (Amendment No. 16)
</font></pre>

<pre><font size="2">                        MERCURY GENERAL CORPORATION
                             (Name of Issuer)</font></pre>

<pre><font size="2">                        COMMON STOCK, NO PAR VALUE
                      (Title of Class of Securities)</font></pre>

<pre><font size="2">                                589400100
                              (CUSIP Number)</font></pre>

<pre><font size="2">                            December 31, 2002
          (Date of Event Which Requires Filing of this Statement)







</font></pre>

<pre><font size="2">The information required in the remainder of this cover page shall not be
deemed to be &quot;filed&quot; for the purpose of Section 18 of the Securities Exchange
Act of 1934 (&quot;Act&quot;) 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).













</font></pre>

<pre><font size="2">                         Introductory Note
</font></pre>

<pre><font size="2">          This Schedule 13G is being filed by Nicholas Company, Inc., an
investment adviser registered under the Investment Advisers Act of 1940.
One or more of Nicholas Company, Inc.'s advisory clients is the legal owner
of the securities covered by this statement.  Pursuant to investment advisory
agreements with its advisory clients, Nicholas Company, Inc. has the
authority to direct the investments of its advisory clients, and consequently
to authorize the disposition of the Issuer's shares.</font></pre>

<pre><font size="2">          This Schedule 13G is also being filed by Nicholas Fund, Inc., an
open-end management investment company registered under the Investment
Company Act of 1940.  Nicholas Company, Inc. acts as the investment adviser
to Nicholas Fund, Inc., and as such retains dispositive control of the shares
in which Nicholas Fund, Inc. invests.  Nicholas Fund, Inc. retains the
beneficial ownership right to vote shares purchased by Nicholas Company, Inc.
for its account.</font></pre>

<pre><font size="2">          This Schedule 13G is also being filed by Albert O. Nicholas.
Mr. Nicholas is the Chief Executive Officer, Chairman, Director and majority
shareholder of Nicholas Company, Inc., in which capacity he exercises
dispositive power over the securities reported herein by the Nicholas
Company, Inc. and Nicholas Fund, Inc.  Mr. Nicholas, therefore, may be deemed
to have indirect beneficial ownership over such securities.  Unless otherwise
indicated herein, Mr. Nicholas has no interest in dividends or proceeds from
the sale of such securities, owns no such securities for his own account and
disclaims beneficial ownership of all the securities reported herein by the
Nicholas Company, Inc.</font></pre>

<pre><font size="2">          The aggregate number and percentage of the Issuer's securities to
which this Schedule 13G relates is 2,241,090 representing 4.12% of the
Issuer's outstanding shares.  The beneficial ownership reported by
Albert O. Nicholas, Nicholas Company, Inc., and Nicholas Fund, Inc. relates
to the same shares of the Issuer in which each such reporting person has a
separate beneficial interest.</font></pre>

<pre><font size="2">          As of December 31, 2002, Mr. Nicholas owned 400,000 shares of the
Issuer for his own account.  He may be deemed to be the beneficial owner of
2,241,090 shares of the Issuer as disclosed in Item 4(c) of the Schedule G.














</font></pre>

<pre><font size="2">CUSIP NO. 589400100
- ---------------------------------------------------------------------
1.   NAME OF REPORTING PERSON
     I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:</font></pre>

<pre><font size="2">     Albert O. Nicholas, S.S. ###-##-####
- ---------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
     (a)    [ ]
     (b)    [ ]
- ---------------------------------------------------------------------
3.   SEC USE ONLY:</font></pre>

<pre><font size="2">---------------------------------------------------------------------
4.   CITIZENSHIP OR PLACE OF ORGANIZATION:</font></pre>

<pre><font size="2">     Albert O. Nicholas is a United States Citizen
- ---------------------------------------------------------------------
NUMBER OF      5.   SOLE VOTING POWER:  400,000
SHARES         ------------------------------------------------------
BENEFICIALLY   6.   SHARED VOTING POWER:  0
OWNED BY EACH  ------------------------------------------------------
REPORTING      7.   SOLE DISPOSITIVE POWER:  400,000
PERSON WITH    ------------------------------------------------------
               8.   SHARED DISPOSITIVE POWER:  0
- ---------------------------------------------------------------------
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:</font></pre>

<pre><font size="2">     400,000   Refer to explanation of potential beneficial ownership
               in the introductory Note and Item 4(c) hereof.
- ---------------------------------------------------------------------
10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
     SHARES:  [ ]
- ---------------------------------------------------------------------
11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):   0.74%
- ---------------------------------------------------------------------
12.  TYPE OF REPORTING PERSON:   IN
- ---------------------------------------------------------------------
14.  CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO
     WHICH THIS SCHEDULE IS FILED:
               [x] Rule 13d-1(b)
               [ ] Rule 13d-1(c)
               [ ] Rule 13d-1(d)











</font></pre>

<pre><font size="2">CUSIP NO. 589400100
- ---------------------------------------------------------------------
1.   NAME OF REPORTING PERSON
     I.R.S. IDENTIFICATION NO. OF REPORTING PERSON:</font></pre>

<pre><font size="2">     Nicholas Company, Inc., I.D. No. 39-1091673
- ---------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
     (a)    [ ]
     (b)    [ ]
- ---------------------------------------------------------------------
3.   SEC USE ONLY:</font></pre>

<pre><font size="2">---------------------------------------------------------------------
4.   CITIZENSHIP OR PLACE OF ORGANIZATION:</font></pre>

<pre><font size="2">     Nicholas Company, Inc. is a Wisconsin Corporation
- ---------------------------------------------------------------------
NUMBER OF      5.   SOLE VOTING POWER:  0
SHARES         -------------------------------------------------------
BENEFICIALLY   6.   SHARED VOTING POWER:  0
OWNED BY EACH  -------------------------------------------------------
REPORTING      7.   SOLE DISPOSITIVE POWER:  2,241,090
PERSON WITH    -------------------------------------------------------
               8.   SHARED DISPOSITIVE POWER:  0
- ---------------------------------------------------------------------
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:</font></pre>

<pre><font size="2">     2,241,090
- ---------------------------------------------------------------------
10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
     SHARES:   [ ]
- ---------------------------------------------------------------------
11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):   4.12%
- ---------------------------------------------------------------------
12.  TYPE OF REPORTING PERSON:  IA
- ---------------------------------------------------------------------
14.  CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO
     WHICH THIS SCHEDULE IS FILED:
               [x] Rule 13d-1(b)
               [ ] Rule 13d-1(c)
               [ ] Rule 13d-1(d)












</font></pre>

<pre><font size="2">CUSIP NO. 589400100
- ---------------------------------------------------------------------
1.   NAME OF REPORTING PERSON
     I.R.S. IDENTIFICATION NO. OF REPORTING PERSON:</font></pre>

<pre><font size="2">     Nicholas Fund, Inc., I.D. No. 39-1099162
- ---------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
     (a)    [ ]
     (b)    [ ]
- ---------------------------------------------------------------------
3.   SEC USE ONLY:</font></pre>

<pre><font size="2">---------------------------------------------------------------------
4.   CITIZENSHIP OR PLACE OF ORGANIZATION:</font></pre>

<pre><font size="2">     Nicholas Fund, Inc. is a Maryland Corporation
- ---------------------------------------------------------------------
NUMBER OF      5.   SOLE VOTING POWER:  2,187,500
SHARES         -------------------------------------------------------
BENEFICIALLY   6.   SHARED VOTING POWER:  0
OWNED BY EACH  -------------------------------------------------------
REPORTING      7.   SOLE DISPOSITIVE POWER:  0
PERSON WITH    -------------------------------------------------------
               8.   SHARED DISPOSITIVE POWER:  0
- ---------------------------------------------------------------------
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:</font></pre>

<pre><font size="2">     2,187,500
- ---------------------------------------------------------------------
10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
     SHARES:   [ ]
- ---------------------------------------------------------------------
11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):   4.03%
- ---------------------------------------------------------------------
12.  TYPE OF REPORTING PERSON:   IC
- ---------------------------------------------------------------------
14.  CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO
     WHICH THIS SCHEDULE IS FILED:
               [x] Rule 13d-1(b)
               [ ] Rule 13d-1(c)
               [ ] Rule 13d-1(d)












</font></pre>

<pre><font size="2">Item 1(a).    NAME OF ISSUER:</font></pre>

<pre><font size="2">              Mercury General Corporation
                                                                     </font></pre>

<pre><font size="2">Item 1(b).    ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:</font></pre>

<pre><font size="2">              4484 Wilshire Blvd., Los Angeles, CA  90010
                                                                     </font></pre>

<pre><font size="2">Item 2(a).    NAME OF PERSONS FILING:</font></pre>

<pre><font size="2">              Albert O. Nicholas, Nicholas Company, Inc., Nicholas Fund, Inc.
                                                                     </font></pre>

<pre><font size="2">Item 2(b).    ADDRESS OR PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE OF
              ALL PERSONS FILING:</font></pre>

<pre><font size="2">              700 North Water Street, Milwaukee, Wisconsin  53202
                                                                     </font></pre>

<pre><font size="2">Item 2(c).    CITIZENSHIP:  Albert O. Nicholas - United States Citizen
                            Nicholas Company, Inc. - Wisconsin Corporation
                            Nicholas Fund, Inc. - Maryland Corporation
                                                                     </font></pre>

<pre><font size="2">Item 2(d).    TITLE OF CLASS OF SECURITIES:  Common Stock, No Par Value.
                                                                     </font></pre>

<pre><font size="2">Item 2(e).    CUSIP No.:  589400100
                                                                     </font></pre>

<pre><font size="2">Item 3.       If this statement is filed pursuant to Rules 13d-1(b), or
              13d-2(b) or (c), check whether the person filing is a:</font></pre>

<pre><font size="2">     (a) [ ]  Broker or Dealer registered under Section 15 of the Act
     (b) [ ]  Bank as defined in Section 3(a)(6) of the Act
     (c) [ ]  Insurance Company as defined in Section 3(a)(19) of the Act
     (d) [x]  Investment company registered under Section 8 of the
              Investment Company Act of 1940
     (e) [x]  An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E)
     (f) [ ]  An employee benefit plan or endowment fund in accordance with
              Rule 13d-1(b)(1)(ii)(F)
     (g) [ ]  A parent holding company or control person in accordance with
              Rule 13d-1(b)(ii)(G)
     (h) [ ]  A savings associations as defined in Section 3(b) of the
              Federal Deposit Insurance Act (12 U.S.C. 1813)
     (i) [ ]  A church plan that is excluded from the definition of an
              investment company under section 3(c)(14) of the Investment
              Company Act of 1940
     (j) [ ]  Group, in accordance with Rule 13d-1(b)(1)(ii)(J)










</font></pre>

<pre><font size="2">Item 4.  OWNERSHIP</font></pre>

<pre><font size="2">         The percent of the class owned, as of December 31 of the year covered
by this statement (2002) no longer exceeds five percent for Nicholas Company, Inc. and Nicholas Fund, Inc., and the following information is provided as of that date including an identification of those shares, if any, which there is a right to acquire:</font></pre>

<pre><font size="2">         (a)  Amount Beneficially Owned:</font></pre>

<pre><font size="2">              NICHOLAS COMPANY, INC. &#150; 2,241,090 shares
              NICHOLAS FUND, INC. &#150; 2,187,500 shares
              ALBERT O. NICHOLAS - 400,000 shares</font></pre>

<pre><font size="2">         (b)  Percent of Class:</font></pre>

<pre><font size="2">              NICHOLAS COMPANY, INC. &#150; 4.12%
              NICHOLAS FUND, INC. &#150; 4.03%
              ALBERT O. NICHOLAS - 0.74%</font></pre>

<pre><font size="2">         (c)  Number of shares as to which such person has:</font></pre>

<pre><font size="2">              (i)    Sole power to vote or to direct the vote:  </font></pre>

<pre><font size="2">                     NICHOLAS FUND, INC. &#150; 2,187,500,
                     ALBERT O. NICHOLAS - 400,000</font></pre>

<pre><font size="2">              (ii)   Shared power to vote or direct the vote:  0</font></pre>

<pre><font size="2">              (iii)  Sole power to dispose or to direct the
                     disposition of:</font></pre>

<pre><font size="2">                     NICHOLAS COMPANY, INC. &#150; 2,241,090
                     ALBERT O. NICHOLAS - 400,000</font></pre>

<pre><font size="2">              (iv)   Shared power to dispose or to direct the
                     disposition of:  0
</font></pre>

<pre><font size="2">Item 5.  OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.</font></pre>

<pre><font size="2">         If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner of
more than 5 percent of the class of securities, check the following     [x].











</font></pre>

<pre><font size="2">Item 6.   OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.</font></pre>

<pre><font size="2">          N/A
</font></pre>

<pre><font size="2">Item 7.   Identification and Classification of the Subsidiary Which
          Acquired the Security Being Reported on By the Parent
          Holding Company or Control Person.</font></pre>

<pre><font size="2">          N/A
</font></pre>

<pre><font size="2">Item 8.   IDENTIFICATION AND CLASSIFICAITON OF MEMBERS OF THE GROUP.</font></pre>

<pre><font size="2">          N/A
</font></pre>

<pre><font size="2">Item 9.   NOTICE OF DISSOLUTION OF GROUP.</font></pre>

<pre><font size="2">          N/A
</font></pre>

<pre><font size="2">Item 10.  CERTIFICATIONS.</font></pre>

<pre><font size="2">          By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in the
ordinary course of business and were not acquired and are not held for the
purpose or with the effect of changing or influencing the control of
the issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having that purpose or
effect.
</font></pre>

<pre><font size="2">SIGNATURE.</font></pre>

<pre><font size="2">     After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is
true, complete and correct.</font></pre>

<pre><font size="2">DATE:  February 12, 2003
</font></pre>

<pre><font size="2">                                  /s/ALBERT O. NICHOLAS
                                  Albert O. Nicholas, in his Individual
                                  capacity and as Chief Executive Officer
                                  and Chairman of  Nicholas Company, Inc.








</font></pre>

<pre><font size="2">                      AGREEMENT RELATIVE TO THE
                       FILING OF SCHEDULE 13G
</font></pre>

<pre><font size="2">         THIS AGREEMENT, made as of the 12th day of February, 2003, by
and between NICHOLAS COMPANY, INC., a Wisconsin corporation (an
investment adviser registered under Section 203 of the Investment
Advisers Act of 1940)(the &quot;Adviser&quot;), and ALBERT O. NICHOLAS, Chief
Executive Officer, Chairman, Director and majority shareholder of the
Adviser (the &quot;Affiliated Person&quot;);</font></pre>

<pre><font size="2">                             WITNESSETH:</font></pre>

<pre><font size="2">         WHEREAS, the Affiliated Person and the Adviser are both
persons required, pursuant to 17 C.F.R.240.13d-1, to file a statement
containing the information required by Schedule G with respect to the
following Issuer:</font></pre>

<pre><font size="2">                     MERCURY GENERAL CORPORATION
                      CUSIP No. 589400100; and</font></pre>

<pre><font size="2">         WHEREAS, the Affiliated Person and the Adviser are each
individually eligible to use Schedule G; and</font></pre>

<pre><font size="2">         WHEREAS, the Affiliated Person and the Adviser are each
responsible for the timely filing of said Schedule G and any
amendments thereto, and for the completion and accuracy of the
information concerning each, but not on behalf of any other, unless
any knows or has reason to know that the information concerning any
other is inaccurate; and</font></pre>

<pre><font size="2">         WHEREAS, the Schedule G attached hereto identifies all the
persons and contains the required information with regard to the
Affiliated Person and the Adviser so that it may be filed with the
appropriate persons, agencies and exchanges on behalf of each of
them; and</font></pre>

<pre><font size="2">         WHEREAS, the Affiliated Person and the Adviser desire to
file the Schedule 13G attached hereto on behalf of each of them.</font></pre>

<pre><font size="2">         NOW, THEREFORE, in consideration of the mutual agreements
and covenants set forth herein, the parties hereto agree that the
Schedule 13G attached hereto shall be executed by the Affiliated
Person, in his individual capacity and as Chief Executive Officer
and Chairman of the Adviser, and filed with the appropriate persons,
agencies and exchanges, on behalf of both of them.</font></pre>

<pre><font size="2">         IN WITNESS WHEREOF, the undersigned have executed this
Agreement Relative to the Filing of Schedule 13G as of the day, month
and year first above written.</font></pre>

<pre><font size="2">                                  /s/ALBERT O. NICHOLAS
                                  Albert O. Nicholas, in his individual
                                  capacity and as Chief Executive Officer
                                  and Chairman of Nicholas Company, Inc.</font></pre>
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