AVALON HOLDINGS CORP — Director's Dealing 2005

Jun 13, 2005

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: AVALON HOLDINGS CORP (AWX)
CIK: 0001061069
Period of Report: 2005-05-31

Reporting Person: ADVISORY RESEARCH INC (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Avalon Holdings Corp.	396500	Indirect

Footnotes

F1: Advisory Research, Inc. disclaims beneficial ownership and any pecuniary interest as defined in Rule 16a-1(a)(2), for all of these shares and this report shall not be deemed an admission that Advisory Research, Inc. is the beneficial owner of such securities or holds a pecuniary interest in such securities for the purpose of Section 16 or for any other purpose.