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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
LASALLE RE HOLDINGS LIMITED
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
G5383Q 10 1
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(CUSIP Number)
*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).
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Cusip No. G5383Q 10 1 Page 2 of 6 Pages
13G
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
APOLLO LS HOLDINGS LDC
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
APOLLO LS HOLDINGS LDC IS A CAYMAN ISLANDS COMPANY
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5 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY 747,009
OWNED BY
EACH ----------------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON
WITH 0
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7 SOLE DISPOSITIVE POWER
747,009
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8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
747,009
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.5%
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12 TYPE OF REPORTING PERSON*
00
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
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Item 1.
(a) Name of Issuer: LaSalle Re Holdings Limited
(b) Address of Issuer's Principal Executive Offices:
25 Church Street
P.O. Box HM 1502
Hamilton HM FX, Bermuda
Item 2.
(a) Name of Person Filing:
Apollo LS Holdings LDC is a subsidiary of AIF II, L.P.; AIF II, L.P.
is the managing partner/member of Apollo LS Holdings LDC; Apollo
Advisors, L.P. is the managing general partner of AIF II, L.P.; and
Apollo Capital Management, Inc. is the general partner of Apollo
Advisors, L.P.
(b) Address of Principal Business Office:
Apollo LS Holdings LDC
P.O. Box 694
Georgetown, Grand Cayman
Cayman Islands, B.V.I.
(c) Citizenship Apollo LS Holdings LDC is a Cayman Islands company.
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: G5383Q 10 1
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check
whether the person filing is a:
(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
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(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; see Section 240.13d-1(b)(1)(ii)(F)
(g) / / Parent Holding Company, in accordance with Section
240.13d-1(b)(ii)(G)
(h) / / Group, in accordance with Section 240.13d-1(b)(1)(ii)(H)
Item 4. Ownership
Not applicable.
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following /X/.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company
Not applicable.
Item 8. Identification and Classification of Members of the Group
Not applicable.
Item 9. Notice of Dissolution of Group
Not Applicable.
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Item 10. Certification
This statement is not filed pursuant to Rule 13d-1(b); therefore, the
certification is not applicable.
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SIGNATURE
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.
Dated: February 13, 1997
APOLLO LS HOLDINGS LDC
By: AIF II, L.P., its managing partner/member
By: Apollo Advisors, L.P., its managing general partner
By: Apollo Capital Management, Inc., its general partner
By: /s/ Michael D. Weiner
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Name: Michael D. Weiner
Title: Vice President
