<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2005-06-30</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

    <issuer>
        <issuerCik>0000105532</issuerCik>
        <issuerName>WELLCO ENTERPRISES INC</issuerName>
        <issuerTradingSymbol>WLC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001030804</rptOwnerCik>
            <rptOwnerName>EMERSON JAMES T</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>482 CEDARBROOK DR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>DANVILLE</rptOwnerCity>
            <rptOwnerState>VA</rptOwnerState>
            <rptOwnerZipCode>24541</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>COMMON STOCK</value>
            </securityTitle>
            <transactionDate>
                <value>2005-06-30</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>W</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>750084</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">THIS FORM 4 REPORTS ALL THE SHARES OWNED BY J. T. EMERSON BEING DISPOSED OF BY WILL AND THE FACT THAT, DUE TO MR EMERSON'S
DEATH, HE IS NO LONGER SUBJECT TO SECTION 16. FORM 4 AND FORM 5 OBLIGATIONS HAVE CEASED.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>SARAH E. LOVELACE AS EXECUTOR OF THE ESTATE OF JAMES T. EMERSON, DECEASED</signatureName>
        <signatureDate>2005-07-01</signatureDate>
    </ownerSignature>
</ownershipDocument>
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X0202
4
2005-06-30
1
0000105532
WELLCO ENTERPRISES INC
WLC
0001030804
EMERSON JAMES T
482 CEDARBROOK DR
DANVILLE
VA
24541
1
0
1
0
COMMON STOCK
2005-06-30
4
W
0
750084
0
D
0
D
THIS FORM 4 REPORTS ALL THE SHARES OWNED BY J. T. EMERSON BEING DISPOSED OF BY WILL AND THE FACT THAT, DUE TO MR EMERSON'S
DEATH, HE IS NO LONGER SUBJECT TO SECTION 16. FORM 4 AND FORM 5 OBLIGATIONS HAVE CEASED.
SARAH E. LOVELACE AS EXECUTOR OF THE ESTATE OF JAMES T. EMERSON, DECEASED
2005-07-01