UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

SCHEDULE 13G
Under the Securities Exchange Act of 1934

Amendment No.:  *

Name of Issuer:  The Leslie Fay Company, Inc.

Title of Class of Securities:  Common Stock

CUSIP Number:  527016109


  (Date of Event Which Requires Filing of this Statement)

                     December 1, 1999

Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:

/ / Rule 13d-1(b)
/X/ Rule 13d-1(c)
/ / Rule 13d-1(d)

*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).





CUSIP Number: 527016109

1.  Name of Reporting Person
    I.R.S. Identification No. of Above Person

         John Constable d/b/a Constable Asset Management,
         Ltd.


2.  Check the Appropriate Box if a Member of a Group

         a.
         b.   X

3.  SEC Use Only


4.  Citizenship or Place of Organization

         United States

Number of Shares Beneficially Owned by Each Reporting Person
With:

5.  Sole Voting Power:



6.  Shared Voting Power:

         441,407

7.  Sole Dispositive Power:



8.  Shared Dispositive Power:

         441,407

9.  Aggregate Amount Beneficially Owned by Each Reporting
Person

         441,407

10. Check Box if the Aggregate Amount in Row (9) Excludes
    Certain Shares






                             2





11. Percent of Class Represented by Amount in Row (9)

          8.74%

12. Type of Reporting Person

          IN














































                             3





CUSIP Number: 527016109

1.  Name of Reporting Person
    I.R.S. Identification No. of Above Person

          Constable Partners, L.P.


2.  Check the Appropriate Box if a Member of a Group

          a.
          b.  X

3.  SEC Use Only


4.  Citizenship or Place of Organization

          Delaware

Number of Shares Beneficially Owned by Each Reporting Person
With:

5.  Sole Voting Power:



6.  Shared Voting Power:

          356,789

7.  Sole Dispositive Power:



8.  Shared Dispositive Power:

          356,789

9.  Aggregate Amount Beneficially Owned by Each Reporting
    Person

          356,789

10. Check Box if the Aggregate Amount in Row (9) Excludes
    Certain Shares







                             4





11. Percent of Class Represented by Amount in Row (9)

          7.06%

12. Type of Reporting Person

          PN














































                             5





Item 1(a) Name of Issuer:  The Leslie Fay Company, Inc.

      (b) Address of Issuer's Principal Executive Offices:

          1412 Broadway
          New York, New York  10018

Item 2(a) - (c).  Name, Principal Business Address, and
Citizenship of Persons Filing:

          John Constable d/b/a Constable Asset Management,
          Ltd.
          Constable Partners, L.P.
          5 Radnor Corp. Center
          100 Matsonford Rd.
          Suite 520
          Radnor, Pennsylvania  19087

          John Constable - United States citizen

          Constable Partners, L.P. - Delaware limited
          partnership

    (d)   Title of Class of Securities:  Common Stock

    (e)   CUSIP Number:  527016109

Item 3.  If this statement is filed pursuant to Rule
13d-1(b)(1) or 13d-2(b) or (c) check whether the person
filing is:

    (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)  / / Investment Company registered under Section 8
             of the Investment Company Act,

    (e)  / / Investment Adviser registered under Section 203
             of the Investment Advisers Act of 1940,

    (f)  / / Employee Benefit Plan, Pension Fund which is
             subject to the provisions of the Employee
             Retirement Income Security Act of 1974 or
             Endowment Fund,




                             6





    (g)  / / Parent Holding Company, in accordance with Rule
             13d-1(b)(ii)(G),

    (h)  / / Savings association as defined in Section 3(b)
             of the Federal Deposit Insurance Act,

    (i)  / / Church plan excluded from the definition of an
             investment company under Section 3(c)(14) of
             the Investment Company Act,

    (j)  / / Group, in accordance with Rule 13d-
             1(b)(1)(ii)(H).

If this statement is filed pursuant to Rule 13d-1(c), check
this box. /X/

 Item 4. Ownership.

         (a) Amount Beneficially Owned:  441,407 shares
             owned by John Constable; 356,789 shares owned
             by Constable Partners, L.P.

         (b) Percent of Class:  8.74% by John Constable;
             7.06% by Constable Partners, L.P.

         (c) John Constable: 441,407 shares with shared
             power to vote or to direct the vote; 0 shares
             with sole power to vote or to direct the vote;
             441,407 shares with shared power to dispose or
             to direct the disposition of; 0 shares with the
             sole power to dispose or to direct the
             disposition of

             Constable Partners, L.P.: 356,789 shares with
             shared power to vote or to direct the vote; 0
             shares with sole power to vote or to direct the
             vote; 356,789 shares with shared power to
             dispose or to direct the disposition of; 0
             shares with the sole power to dispose or to
             direct the disposition of

Item 5.  Ownership of Five Percent or Less of a Class.

         N/A

Item 6.  Ownership of More than Five Percent on Behalf of
         Another Person.

         N/A




                             7





Item 7.  Identification and Classification of the Subsidiary
         Which Acquired the Security Being Reported by the
         Parent Holding Company.

         N/A

Item 8.  Identification and Classification of Members of the
         Group.

         N/A

Item 9.  Notice of Dissolution of the Group.

         N/A

Item 10.

    Certification for Rule 13d-1(c): By signing below I
certify that, to the best of my knowledge and belief, the
securities referred to above were not acquired and are not
held for the purpose of 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.

         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.

    /s/ John Constable
    __________________________________
    John Constable d/b/a Constable
    Asset Management, Ltd.

    CONSTABLE PARTNERS, L.P.

By: /s/ John Constable
    _________________________________
    John Constable, General Partner

    December 9, 1999










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02414001.AC2





                         AGREEMENT

         The undersigned agree that this Schedule 13G dated

December 9, 1999 relating to the Common Stock of The Leslie

Fay Company, Inc. shall be filed on behalf of the

undersigned.


                             CONSTABLE PARTNERS, L.P.

                             By:   /s/ John Constable
                                 _______________________________
                                 John Constable, General Partner


                                  /s/ John Constable
                                 _______________________________
                                  John Constable d/b/a Constable
                                  Asset Management, Ltd.































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02414001.AC2