Schedule 13 G



Item 1    (a)  Genesee Corporation         
     (b)  445 St. Paul St.        
          Rochester, New York 14605

Item 2    (a)  Corbyn Investment Management, Inc., et al.
     (b)  Suite 108
          2330 W. Joppa Road
          Lutherville, Maryland  21093
     (c)  Incorporated in the State of Maryland
     (d)  Common Stock
     (e)  371601204

Item 3    (h)  The filer is a group consisting of an Investment Adviser
registered under Section 203 of the Investment Advisers Act of 1940 and
an Investment Company registered under Section 8 of the Investment
Company Act.

Item 4    N/A

Item 5    Reporting person has ceased to be the beneficial owner of more
than 5% of the class of securities.

Item 6    N/A

Item 7    N/A

Item 8    (a)The group consists of an Investment Adviser registered under
Section 203 of the Investment Advisers Act of 1940 (IA) and an
Investment Company registered under Section 8 of the Investment
Company Act (IV).

Item 9    N/A







                   Schedule 13 G




Item 1    (a)  Genesee Corporation         
     (b)  445 St. Paul St. 
          Rochester, New York 14605


Item 2    (a)  Corbyn Investment Management, Inc.
     (b)  Suite 108
          2330 W. Joppa Road
          Lutherville, Maryland  21093
     (c)  Incorporated in the State of Maryland
     (d)  Common Stock
     (e)  371601204


Item 3    (e)  The filer is an Investment Adviser registered under Section
203 of the Investment Advisers Act of 1940.  


Item 4    N/A

Item 5    Reporting person has ceased to be the beneficial owner of more
than 5% of the class of securities.

Item 6    N/A

Item 7    N/A

Item 8    N/A

Item 9    N/A








                   Schedule 13 G




Item 1    (a)  Genesee Corporation          
     (b)  445 St. Paul St.   
          Rochester, New York 14605   


Item 2    (a)  Greenspring Fund, Inc.
     (b)  Suite 110
          2330 W. Joppa Road
          Lutherville, Maryland  21093
     (c)  Incorporated in the State of Maryland
     (d)  Common Stock
     (e)  371601204


Item 3    (d)  The filer is an Investment Company registered under
Section 8 of the Investment Company Act.


Item 4    N/A


Item 5    Reporting person has ceased to be the beneficial owner of more
than 5% of the class of securities.

Item 6    N/A

Item 7    N/A

Item 8    N/A

Item 9    N/A

Item 10   By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose of and
do not have the effect of changing or influencing the control of the issuer
of such securities and were not acquired in connection with or as a
participant in any transaction having such purposes 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.

January 12, 1999

Signature
Charles vK. Carlson, President
Name/Title


CUSIP No.  371601204     13G


1.  Name of Reporting Person
    SS Identification No. of Above Person

     Corbyn Investment Management, Inc. et al 
     n/a

2.  Check The Appropriate Box If A Member Of A Control Group (a) [x]
                                           (b) [ ]

3.  SEC Use Only

4.  Citizenship or Place of Organization

     Suite 108  2330 W. Joppa Rd.
     Lutherville, MD  21093   


Number Of      5.  Sole Voting Power
Shares               18,418
Beneficially   6.  Shared Voting Power
Owned By
Each           7.  Sole Dispositive Power
Reporting            18,418
Person With    8.  Shared Dispositive Power


9.  Aggregate Amount Beneficially Owned By Each Reporting Person
            18,418

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

11.  Percent Of Class Represented By Amount In Row 9
     1.31%

12.  Type Of Reporting Person
     00- Group Consisting of IA and IV







CUSIP No.  371601204     13G


1.  Name of Reporting Person
    SS Identification No. of Above Person

     Corbyn Investment Management, Inc.  
     52-0964322

2.  Check The Appropriate Box If A Member Of A Control Group (a) [x]
                                           (b) [ ]

3.  SEC Use Only

4.  Citizenship or Place of Organization

     Suite 108  2330 W. Joppa Rd.
     Lutherville, MD  21093   


Number Of      5.  Sole Voting Power
Shares              5,118
Beneficially   6.  Shared Voting Power
Owned By
Each           7.  Sole Dispositive Power
Reporting           5,118
Person With    8.  Shared Dispositive Power


9.  Aggregate Amount Beneficially Owned By Each Reporting Person
           5,118

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

11.  Percent Of Class Represented By Amount In Row 9
     .36%

12.  Type Of Reporting Person
      IA 






CUSIP No.  371601204     13G


1.  Name of Reporting Person
    SS Identification No. of Above Person

     Greenspring Fund, Inc. 
     52-1267740

2.  Check The Appropriate Box If A Member Of A Control Group (a) [x]
                                           (b) [ ]

3.  SEC Use Only

4.  Citizenship or Place of Organization

     Suite 110  2330 W. Joppa Rd.
     Lutherville, MD  21093   


Number Of      5.  Sole Voting Power
Shares              13,300
Beneficially   6.  Shared Voting Power
Owned By
Each           7.  Sole Dispositive Power
Reporting           13,300
Person With    8.  Shared Dispositive Power


9.  Aggregate Amount Beneficially Owned By Each Reporting Person
     13,300

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

11.  Percent Of Class Represented By Amount In Row 9
     .95%

12.  Type Of Reporting Person
      IV