SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
--------------
Amendment No. 2
to
SCHEDULE 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
GT Interactive Software Corp.
-----------------------------
(Name of Issuer)
Common Stock, $.01 par value
------------------------------
(Title of Class of Securities)
36236E 10 9
--------------
(CUSIP Number)
----------
Page 1 of 23 Pages
<PAGE>
Amendment No. 2 to SCHEDULE 13G
CUSIP No. 36236E 10 9 Page 2 of 23 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stanley Cayre
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5) SOLE VOTING POWER
3,525,595
NUMBER -------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES Not Applicable
BENEFICIALLY -------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH 3,525,595
REPORTING -------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH Not Applicable
- --------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,525,595
- --------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.6%
- --------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
-2-
<PAGE>
Amendment No. 2 to SCHEDULE 13G
CUSIP No. 36236E 10 9 Page 3 of 23 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stanley Cayre Grantor Retained Annuity Trust
u/a/d 12/12/95, Frieda Cayre, Trustee
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
5) SOLE VOTING POWER
114,658
NUMBER -------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES Not Applicable
BENEFICIALLY -------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH 114,658
REPORTING -------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH Not Applicable
- --------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
114,658
- --------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.2%
- --------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
-3-
<PAGE>
Amendment No. 2 to SCHEDULE 13G
CUSIP No. 36236E 10 9 Page 4 of 23 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jack S. Cayre Irrevocable Grantor Trust u/a/d 2/23/95,
Frieda Cayre, Trustee
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
5) SOLE VOTING POWER
1,384,848
NUMBER -------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES Not Applicable
BENEFICIALLY -------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH 1,384,848
REPORTING -------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH Not Applicable
- --------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,384,848
- --------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.0%
- --------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
-4-
<PAGE>
Amendment No. 2 to SCHEDULE 13G
CUSIP No. 36236E 10 9 Page 5 of 23 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Amin Cayre Irrevocable Grantor Trust u/a/d 2/23/95,
Frieda Cayre, Trustee
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
5) SOLE VOTING POWER
1,376,848
NUMBER -------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES Not Applicable
BENEFICIALLY -------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH 1,376,848
REPORTING -------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH Not Applicable
- --------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,376,848
- --------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.0%
- --------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
-5-
<PAGE>
Amendment No. 2 to SCHEDULE 13G
CUSIP No. 36236E 10 9 Page 6 of 23 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David Cayre Irrevocable Grantor Trust u/a/d 2/23/95,
Frieda Cayre, Trustee
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
5) SOLE VOTING POWER
679,658
NUMBER -------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES Not Applicable
BENEFICIALLY -------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH 679,658
REPORTING -------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH Not Applicable
- --------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
679,658
- --------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.0%
- --------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
-6-
<PAGE>
Amendment No. 2 to SCHEDULE 13G
CUSIP No. 36236E 10 9 Page 7 of 23 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert Cayre Irrevocable Grantor Trust u/a/d 2/23/95,
Frieda Cayre, Trustee
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
5) SOLE VOTING POWER
679,658
NUMBER -------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES Not Applicable
BENEFICIALLY -------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH 679,658
REPORTING -------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH Not Applicable
- --------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
679,658
- --------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.0%
- --------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
-7-
<PAGE>
Amendment No. 2 to SCHEDULE 13G
CUSIP No. 36236E 10 9 Page 8 of 23 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Grace S. Cayre Irrevocable Grantor Trust u/a/d 2/23/95,
Frieda Cayre, Trustee
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
5) SOLE VOTING POWER
679,658
NUMBER -------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES Not Applicable
BENEFICIALLY -------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH 679,658
REPORTING -------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH Not Applicable
- --------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
679,658
- --------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.0%
- --------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
-8-
<PAGE>
Amendment No. 2 to SCHEDULE 13G
CUSIP No. 36236E 10 9 Page 9 of 23 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Stanley and Frieda Cayre Foundation Inc.
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5) SOLE VOTING POWER
503,000
NUMBER -------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES Not Applicable
BENEFICIALLY -------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH 503,000
REPORTING -------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH Not Applicable
- --------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
503,000
- --------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.7%
- --------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
-9-
<PAGE>
Item 1(a). Name of Issuer:
GT Interactive Software Corp.
Item 1(b). Address of Issuer's Principal Executive Offices:
417 Fifth Avenue, New York, NY 10016
Item 2(a). Name of Person Filing:
Stanley Cayre
Stanley Cayre Grantor Retained Annuity Trust u/a/d 12/12/95, Frieda
Cayre, Trustee
Jack S. Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda
Cayre, Trustee
Amin Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre,
Trustee
David Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre,
Trustee
Robert Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda
Cayre, Trustee
Grace S. Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda
Cayre, Trustee
The Stanley and Frieda Cayre Foundation Inc.
Item 2(b). Address of Principal Business Office or, if None, Residence:
The principal business office of each of Stanley Cayre, Stanley
Cayre Grantor Retained Annuity Trust, Jack S. Cayre Irrevocable Grantor Trust,
Amin Cayre Irrevocable Grantor Trust, David Cayre Irrevocable Grantor Trust,
Robert Cayre Irrevocable Grantor Trust, Grace S. Cayre Irrevocable Grantor Trust
and The Stanley and Frieda Cayre Foundation Inc. is c/o 417 Fifth Avenue, New
York, NY 10016.
Item 2(c). Citizenship:
Stanley Cayre: United States of America
Stanley Cayre Grantor Retained Annuity Trust u/a/d 12/12/95,
Frieda Cayre, Trustee: New York
Jack S. Cayre Irrevocable Grantor Trust u/a/d 2/23/95,
Frieda Cayre, Trustee: New York
Amin Cayre Irrevocable Grantor Trust u/a/d 2/23/95,
Frieda Cayre, Trustee: New York
David Cayre Irrevocable Grantor Trust u/a/d 2/23/95,
Frieda Cayre, Trustee: New York
Robert Cayre Irrevocable Grantor Trust u/a/d 2/23/95,
Frieda Cayre, Trustee: New York
Grace S. Cayre Irrevocable Grantor Trust u/a/d 2/23/95,
Frieda Cayre, Trustee: New York
-10-
<PAGE>
The Stanley and Frieda Cayre Foundation Inc.: Delaware
Item 2(d). Title of Class of Securities:
Common Stock, $.01 par value (the "Common Stock")
Item 2(e). CUSIP Number:
36236E 10 9
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
Not applicable
Item 4. Ownership.
Stanley Cayre:
(a) Amount beneficially owned: 3,525,595 shares
(b) percent of class: 5.6%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
3,525,595
(ii) Shared power to vote or to direct the vote
Not Applicable
(iii) Sole power to dispose or to direct the
disposition of 3,525,595
(iv) Shared power to dispose or to direct the
disposition of Not Applicable
Stanley Cayre Grantor Retained Annuity Trust u/a/d 12/12/95, Frieda Cayre,
Trustee:
(a) Amount beneficially owned: 114,658 shares
(b) percent of class: 0.2%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
114,658
(ii) Shared power to vote or to direct the vote
Not Applicable
(iii) Sole power to dispose or to direct the
disposition of 114,658
(iv) Shared power to dispose or to direct the
disposition of Not Applicable
Jack S. Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee:
(a) Amount beneficially owned: 1,384,848 shares
(b) percent of class: 2.0%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
1,384,848
(ii) Shared power to vote or to direct the vote
Not Applicable
(iii) Sole power to dispose or to direct the
disposition of 1,384,848
(iv) Shared power to dispose or to direct the
disposition of Not Applicable
-11-
<PAGE>
Amin Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee:
(a) Amount beneficially owned: 1,376,848 shares
(b) percent of class: 2.0%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
1,376,848
(ii) Shared power to vote or to direct the vote
Not Applicable
(iii) Sole power to dispose or to direct the
disposition of 1,376,848
(iv) Shared power to dispose or to direct the
disposition of Not Applicable
David Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee:
(a) Amount beneficially owned: 679,658 shares
(b) percent of class: 1.0%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
679,658
(ii) Shared power to vote or to direct the vote
Not Applicable
(iii) Sole power to dispose or to direct the
disposition of 679,658
(iv) Shared power to dispose or to direct the
disposition of Not Applicable
Robert Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee:
(a) Amount beneficially owned: 679,658 shares
(b) percent of class: 1.0%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
679,658
(ii) Shared power to vote or to direct the vote
Not Applicable
(iii) Sole power to dispose or to direct the
disposition of 679,658
(iv) Shared power to dispose or to direct the
disposition of Not Applicable
Grace S. Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Frieda Cayre, Trustee:
(a) Amount beneficially owned: 679,658 shares
(b) percent of class: 1.0%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
679,658
(ii) Shared power to vote or to direct the vote
Not Applicable
(iii) Sole power to dispose or to direct the
disposition of 679,658
(iv) Shared power to dispose or to direct the
disposition of Not Applicable
-12-
<PAGE>
The Stanley and Frieda Cayre Foundation Inc.:
(a) Amount beneficially owned: 503,000 shares
(b) percent of class: 0.7%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
503,000
(ii) Shared power to vote or to direct the vote
Not Applicable
(iii) Sole power to dispose or to direct the
disposition of 503,000
(iv) Shared power to dispose or to direct the
disposition Not Applicable
Stanley Cayre is the beneficiary of the reporting Grantor Retained
Annuity Trust (the "GRAT"). The beneficiaries of the reporting Irrevocable
Grantor Trusts (together with the GRAT, the "Trusts") are children of Stanley
and Frieda Cayre. Frieda Cayre, the wife of Stanley Cayre, is the trustee of the
Trusts. The Stanley and Frieda Cayre Foundation Inc. (the "Foundation") is a
charitable foundation whose sole trustees are Stanley and Frieda Cayre. The
filing of this Schedule 13G shall not be construed as an admission that Stanley
Cayre is, for the purposes of Section 13(d) or 13(g) of the Securities Exchange
Act of 1934, as amended, or otherwise, the beneficial owner of any of the Common
Stock held by the Irrevocable Grantor Trusts or the Foundation.
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable
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.
See Exhibit 1, Agreement of joint filing pursuant to Rule 13d(1)-f
promulgated under the Securities Exchange Act of 1934.
Item 9. Notice of Dissolution of Group.
Not applicable
Item 10. Certification.
Not applicable
-13-
<PAGE>
SIGNATURE
---------
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
Statement is true, complete and correct.
Dated: February 17, 1998
/s/ Stanley Cayre
-----------------------------------------
Stanley Cayre
-14-
<PAGE>
SIGNATURE
---------
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
Statement is true, complete and correct.
Dated: February 17, 1998
Stanley Cayre Grantor Retained Annuity Trust
u/a/d 12/12/95, Frieda Cayre, Trustee
By: /s/ Frieda Cayre
--------------------------------------
Frieda Cayre
Title: Trustee
-15-
<PAGE>
SIGNATURE
---------
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
Statement is true, complete and correct.
Dated: February 17, 1998
Jack S. Cayre Irrevocable Grantor Trust u/a/d
2/23/95, Frieda Cayre, Trustee
By: /s/ Frieda Cayre
-------------------------------------
Frieda Cayre
Title: Trustee
-16-
<PAGE>
SIGNATURE
---------
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
Statement is true, complete and correct.
Dated: February 17, 1998
Amin Cayre Irrevocable Grantor Trust u/a/d
2/23/95, Frieda Cayre, Trustee
By: /s/ Frieda Cayre
------------------------------------
Frieda Cayre
Title: Trustee
-17-
<PAGE>
SIGNATURE
---------
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
Statement is true, complete and correct.
Dated: February 17, 1998
David Cayre Irrevocable Grantor Trust u/a/d
2/23/95, Frieda Cayre, Trustee
By: /s/ Frieda Cayre
---------------------------------------
Frieda Cayre
Title: Trustee
-18-
<PAGE>
SIGNATURE
---------
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
Statement is true, complete and correct.
Dated: February 17, 1998
Robert Cayre Irrevocable Grantor Trust u/a/d
2/23/95, Frieda Cayre, Trustee
By: /s/ Frieda Cayre
-----------------------------------
Frieda Cayre
Title: Trustee
-19-
<PAGE>
SIGNATURE
---------
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
Statement is true, complete and correct.
Dated: February 17, 1998
Grace S. Cayre Irrevocable Grantor Trust u/a/d
2/23/95, Frieda Cayre, Trustee
By: /s/ Frieda Cayre
--------------------------------------
Frieda Cayre
Title: Trustee
-20-
<PAGE>
SIGNATURE
---------
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
Statement is true, complete and correct.
Dated: February 17, 1998
The Stanley and Frieda Cayre Foundation Inc.
By: /s/ Frieda Cayre
-------------------------------
Frieda Cayre
Title: Trustee
-21-
<PAGE>
EXHIBIT 1
AGREEMENT OF JOINT FILING
Pursuant to Rule 13d-1(f) promulgated under the Securities Exchange Act
of 1934, as amended, the undersigned persons hereby agree to file with the
Securities and Exchange Commission the Statement on Schedule 13G (the
"Statement") to which this Agreement is attached as an exhibit, and agree that
such Statement, as so filed, is filed on behalf of each of them.
IN WITNESS WHEREOF, the undersigned have executed this Agreement as of
February 17, 1998.
/s/ Stanley Cayre
--------------------------------------------
Stanley Cayre
Stanley Cayre Grantor Retained Annuity
Trust u/a/d 12/12/95, Frieda Cayre, Trustee
By: /s/ Frieda Cayre
---------------------------
Frieda Cayre
Title: Trustee
Jack S. Cayre Irrevocable Grantor Trust
u/a/d 2/23/95, Frieda Cayre, Trustee
By: /s/ Frieda Cayre
---------------------------
Frieda Cayre
Title: Trustee
Amin Cayre Irrevocable Grantor Trust
u/a/d 2/23/95, Frieda Cayre, Trustee
By: /s/ Frieda Cayre
---------------------------
Frieda Cayre
Title: Trustee
David Cayre Irrevocable Grantor Trust
u/a/d 2/23/95, Frieda Cayre, Trustee
By: /s/ Frieda Cayre
--------------------------------
Frieda Cayre
Title: Trustee
Exhibit 1 - page 1
<PAGE>
Robert Cayre Irrevocable Grantor Trust
u/a/d 2/23/95, Frieda Cayre, Trustee
By: /s/ Frieda Cayre
---------------------------
Frieda Cayre
Title: Trustee
Grace S. Cayre Irrevocable Grantor Trust
u/a/d 2/23/95, Frieda Cayre, Trustee
By: /s/ Frieda Cayre
---------------------------
Frieda Cayre
Title: Trustee
The Stanley and Frieda Cayre Foundation Inc.
By: /s/ Frieda Cayre
---------------------------
Frieda Cayre
Title: Trustee
Exhibit 1 - page 2
