-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000938077-99-000114.txt : 19990712
<SEC-HEADER>0000938077-99-000114.hdr.sgml : 19990712
ACCESSION NUMBER:		0000938077-99-000114
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19990709

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CLEMENTE STRATEGIC VALUE FUND INC
		CENTRAL INDEX KEY:			0000814083
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				133407699
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		
		SEC FILE NUMBER:	005-39655
		FILM NUMBER:		99662166

	BUSINESS ADDRESS:	
		STREET 1:		237 PARK AVE
		STREET 2:		C/O FURMAN SELZ
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2128083942

	MAIL ADDRESS:	
		STREET 1:		152 W 57TH ST 25TH FLOOR
		STREET 2:		CARNEGIE HALL TOWER
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CLEMENTE GLOBAL GROWTH FUND INC
		DATE OF NAME CHANGE:	19920703

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DEEP DISCOUNT ADVISORS INC /NC/
		CENTRAL INDEX KEY:			0000938077
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		IRS NUMBER:				561827546

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		ONE WEST PACK SQU
		STREET 2:		SUITE 777
		CITY:			ASHEVILLE
		STATE:			NC
		ZIP:			28801
		BUSINESS PHONE:		7042741863

	MAIL ADDRESS:	
		STREET 1:		ONE WEST PACK SQUARE
		STREET 2:		SUITE 777
		CITY:			ASHEVILLE
		STATE:			NC
		ZIP:			28801
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<TEXT>




                       Securities and Exchange Commission
                             Washington, D.C. 20549
                        -------------------------------

                                  SCHEDULE 13D
                   Under the Securities Exchange Act of 1934
                                 Amendment No. 5

                        Clemente Strategic Value Fund, Inc.
- - ------------------------------------------------------------------------------
                                (Name of Issuer)


                                 Common Stock
- - ------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                   18556910
- - ------------------------------------------------------------------------------
                                 (CUSIP Number)

		Ralph W. Bradshaw
		c/o Deep Discount Advisors, Inc.
		One West Pack Square, Suite 777
		Asheville, NC 28801
		(828) 255-4833

- - ------------------------------------------------------------------------------
                 (Name, Address and Telephone Number of Person
               Authorized to Receive Notices and Communications)


                                 July 6, 1999
- - ------------------------------------------------------------------------------
                         (Date of Event which Requires
                           Filing of this Statement)


If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box. [ ]


<PAGE>


CUSIP No.:  18556910                 13D                    Page 2
- - ---------------------                                        --------

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

        Deep Discount Advisors, Inc.
===========================================================================
2         CHECK THE APPROPRIATE BOX IF A MEMBER                        (a) [ ]
          OF A GROUP                                                   (b) [ ]
===========================================================================
3         SEC USE ONLY

===========================================================================
4         SOURCE OF FUNDS                                                OO
===========================================================================
5         CHECK BOX IF DISCLOSURE OF LEGAL                                 [ ]
          PROCEEDINGS IS REQUIRED PURSUANT TO
          ITEM 2(d) OR 2(e)
===========================================================================
6         CITIZENSHIP OR PLACE OF ORGANIZATION

                   One West Pack Square, Suite 777 Asheville, NC 28801
===========================================================================
  NUMBER OF  |    | SOLE VOTING POWER
   SHARES    |  7 |                                  907553
============================================================================
BENEFICIALLY |    | SHARED VOTING POWER                 0
    OWNED    |  8 |
============================================================================
  BY EACH    |    | SOLE DISPOSITIVE POWER          907553
 REPORTING   |  9 |
============================================================================
   PERSON    |    | SHARED DISPOSITIVE POWER             0
    WITH     | 10 |
============================================================================
11        AGGREGATE AMOUNT BENEFICIALLY OWNED
          BY EACH REPORTING PERSON                             907553
=======================================================================
12        CHECK IF THE AGGREGATE AMOUNT IN ROW                             [ ]
          (11) EXCLUDES CERTAIN SHARES
=======================================================================
13        PERCENT OF CLASS REPRESENTED BY
          AMOUNT IN ROW (11)                                           16.7%
=======================================================================
14        TYPE OF REPORTING PERSON                                          IA
======================================================================


<PAGE>



CUSIP No.:  18556910                 13D                    Page 3
- - ---------------------                                        ----------

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

	Ron Olin Investment Management Company
===============================================================================
2         CHECK THE APPROPRIATE BOX IF A MEMBER                        (a) [ ]
          OF A GROUP                                                   (b) [ ]
========================================================================
3         SEC USE ONLY

======================================================================
4         SOURCE OF FUNDS                                                   OO
======================================================================
5         CHECK BOX IF DISCLOSURE OF LEGAL                                 [ ]
          PROCEEDINGS IS REQUIRED PURSUANT TO
          ITEM 2(d) OR 2(e)
======================================================================
6         CITIZENSHIP OR PLACE OF ORGANIZATION

                   One West Pack Square, Suite 777 Asheville, NC 28801
=====================================================================
  NUMBER OF  |    | SOLE VOTING POWER
   SHARES    |  7 |                                  797600
=====================================================================
BENEFICIALLY |    | SHARED VOTING POWER                0
    OWNED    |  8 |
====================================================================
  BY EACH    |    | SOLE DISPOSITIVE POWER      797600
 REPORTING   |  9 |
=====================================================================
   PERSON    |    | SHARED DISPOSITIVE POWER              0
    WITH     | 10 |
======================================================================
11        AGGREGATE AMOUNT BENEFICIALLY OWNED
          BY EACH REPORTING PERSON                  797600
=====================================================================
12        CHECK IF THE AGGREGATE AMOUNT IN ROW                             [ ]
          (11) EXCLUDES CERTAIN SHARES
=========================================================================
13        PERCENT OF CLASS REPRESENTED BY
          AMOUNT IN ROW (11)                             14.6%
=======================================================================
14        TYPE OF REPORTING PERSON                                          IA
=========================================================================




<PAGE>

This Amendment No. 5, amends and supplements information in Item 5.










ITEM 5.           INTEREST IN SECURITIES OF THE ISSUER

                  (a) The Fund's annual report, dated February 10, 1999,
states that, as of the close of business on December 31, 1998, there were
5,444,100  shares of Common Stock outstanding. The percentage set forth
in this Item 5(a) was derived using such number.

                  The Reporting Persons are the beneficial owners of
1,705,153 shares of Common Stock, which constitute approximately 31.3%
of the outstanding shares of Common Stock.


                  (c) Since the last filing, the following shares
of Common Stock were traded on the open market:



 Date                Number of Shares                  Price Per Share
- - -------            --------------------------               ---------------

6/9/99                     3700 bought                        12.9476
6/14/99                    8000 bought                        13.125
6/15/99                    1600 bought                        13
6/17/99                    4800 bought                        13.3737
6/21/99                    3000 bought                        13.9375
6/22/99                    2000 bought                        14.125
6/23/99                    2500 bought                        13.95
6/24/99                    1000 bought                        13.8438
6/25/99                    1000 bought                        13.9063
6/28/99                    7000 bought                        14.0634
6/28/99                    2000 bought                        14.0625
6/28/99                    3500 bought                        14
6/29/99                    9500 bought                        14.1914
6/29/99                    1500 bought                        14.125
6/30/99                   18200 bought                        14.49
6/30/99                    4000 bought                        14.375
6/30/99                    4000 bought                        14.5
7/1/99                      100 bought                        14.5625
7/2/99                      600 bought                        14.4375
7/6/99                     9500 bought                        14.6151
7/7/99                     1500 bought                        14.7375
7/8/99                      500 bought                        14.75

<PAGE>



                                   SIGNATURE


                  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.

Date: July 9,1999                        Deep Discount Advisors, Inc.


                                               By: /s/ Ralph W. Bradshaw
                                            ----------------------------
                                            Name: Ralph W. Bradshaw
                                            Title:  Secretary








<PAGE>



</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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