Form 4

1.   Name and Address of Reporting Person -
     Peter R. Kellogg
     C/O Spear, Leeds & Kellogg
     120 Broadway
     New York, New York 10261
2.   Issuer Name and Ticker or Trading Symbol -
     Nam Tai Electronics, Inc. (NTAI)
3.   IRS or Social Security Number of Reporting Person
     (Voluntary)
4.   Statement for Month/Year - January, 2000
5.   If Amendment, Date of Original (Month/Year)
6.   Relationship of Reporting Person to Issuer - 10% Owner

Table I - Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned

1.   Title of Security -- Common Stock $0.01 Par Value
2.   Transaction Date. -- January 10, 2000.
3.   Transaction Code -- P.
4.   Securities Acquired (A) or Disposed of (D)
          Amount = 4,400.
          (A) or (D) = A.
          Price 13.25.
2.      Transaction Date. -- January 10, 2000.
3.      Transaction Code -- P.
4.      Securities Acquired (A) or Disposed of (D)
          Amount = 900.
          (A) or (D) = A.
          Price 13.375.
2.      Transaction Date. -- January 11, 2000.
3.      Transaction Code -- P.
4.      Securities Acquired (A) or Disposed of (D)
          Amount = 1,500.
          (A) or (D) = A.
          Price 13.375.
2.      Transaction Date. -- January 11, 2000.
3.      Transaction Code -- P.
4.      Securities Acquired (A) or Disposed of (D)
          Amount = 1,900.
          (A) or (D) = A.
          Price 13.5.
2.      Transaction Date. -- January 11, 2000.
3.      Transaction Code -- P.
4.      Securities Acquired (A) or Disposed of (D)
          Amount = 400.
          (A) or (D) = A.
          Price 13.625.




2.      Transaction Date. -- January 11, 2000.
3.      Transaction Code -- P.
4.      Securities Acquired (A) or Disposed of (D)
          Amount = 100.
          (A) or (D) = A.
          Price 13.25.
2.      Transaction Date. -- January 13, 2000.
3.      Transaction Code -- P.
4.      Securities Acquired (A) or Disposed of (D)
          Amount = 24,900.
          (A) or (D) = A.
          Price 14.1044.
2.      Transaction Date. -- January 14, 2000.
3.      Transaction Code -- P.
4.      Securities Acquired (A) or Disposed of (D)
          Amount = 16,800.
          (A) or (D) = A.
          Price 14.0993.
2.      Transaction Date. -- January 18, 2000.
3.      Transaction Code -- P.
4.      Securities Acquired (A) or Disposed of (D)
          Amount = 3,800.
          (A) or (D) = A.
          Price 14.
2.      Transaction Date. -- January 18, 2000.
3.      Transaction Code -- P.
4.      Securities Acquired (A) or Disposed of (D)
          Amount = 7,800.
          (A) or (D) = A.
          Price 14.0625.
2.      Transaction Date. -- January 19, 2000.
3.      Transaction Code -- P.
4.      Securities Acquired (A) or Disposed of (D)
          Amount = 3,000.
          (A) or (D) = A.
          Price 13.75.
2.      Transaction Date. -- January 19, 2000.
3.      Transaction Code -- P.
4.      Securities Acquired (A) or Disposed of (D)
          Amount = 2,700.
          (A) or (D) = A.
          Price 13.875.
2.      Transaction Date. -- January 19, 2000.
3.      Transaction Code -- P.
4.      Securities Acquired (A) or Disposed of (D)
          Amount = 400.
          (A) or (D) = A.
          Price 13.9375.
2.      Transaction Date. -- January 20, 2000.
3.      Transaction Code -- P.
4.      Securities Acquired (A) or Disposed of (D)
          Amount = 1,000.
          (A) or (D) = A.
          Price 14.
2.      Transaction Date. -- January 20, 2000.
3.      Transaction Code -- P.
4.      Securities Acquired (A) or Disposed of (D)
          Amount = 6,900.
          (A) or (D) = A.
          Price 14.0625.

5    Amount of Securities Beneficially Owned at End of Month
     = 100,000.
6    Ownership Form -- (D).
7    Nature of Indirect Beneficial Ownership -- N/A.
5.      Amount of Securities Beneficially Owned at End of
      Month = 1,000,000
6.      Ownership Form-- (I).
7.   Nature of Indirect Beneficial Ownership - I.A.T.
     Reinsurance Syndicate Ltd., a Bermuda Corporation of
     which Mr. Kellogg is the sole holder of voting stock.
     Mr. Kellogg disclaims beneficial ownership of these
     shares.

Table II - Derivative Securities Acquired, Disposed of, or
Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)

1. Title of Derivative Security.                        N/A.
2. Conversion or Exercise Price of Derivative Security. N/A.
3. Transaction Date.                                    N/A.
4. Transaction Code.                                    N/A.
5. Number of Derivative Securities Acquired or Disposed N/A.
6. Date Exercisable and Expiration Date                 N/A.
7. Title and Amount of Underlying Securities            N/A.
8. Price of Derivative Securities                     N/A.
9. Number of Derivative Securities Beneficially Owned at End
   of Month                                           N/A.
10.Ownership Form of Derivative Security
   N/A.
11.Nature of Indirect Beneficial Ownership            N/A.