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)
December 31, 1998
------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1 (b)
|_| Rule 13d-1 (c)
|X| Rule 13d-1 (d)
------------------
Page 1 of 21 Pages
<PAGE>
Amendment No. 2 to SCHEDULE 13G
CUSIP No. 36236E 10 9 Page 2 of 21 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Kenneth 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
1,614,205
NUMBER -------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES Not Applicable
BENEFICIALLY -------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH 1,614,205
REPORTING -------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH Not Applicable
- --------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,614,205
- --------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.2%
- --------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
-2-
<PAGE>
Amendment No. 2 to SCHEDULE 13G
CUSIP No. 36236E 10 9 Page 3 of 21 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Kenneth Cayre Grantor Retained Annuity Trust
u/a/d 12/12/95, Lillian 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
41,242
NUMBER -------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES Not Applicable
BENEFICIALLY -------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH 41,242
REPORTING -------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH Not Applicable
- --------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
41,242
- --------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.1%
- --------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
-3-
<PAGE>
Amendment No. 2 to SCHEDULE 13G
CUSIP No. 36236E 10 9 Page 4 of 21 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jack Kennedy Cayre Irrevocable Grantor Trust u/a/d 2/23/95,
Lillian 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
2,411,655
NUMBER -------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES Not Applicable
BENEFICIALLY -------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH 2,411,655
REPORTING -------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH Not Applicable
- --------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,411,655
- --------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.3%
- --------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
-4-
<PAGE>
Amendment No. 2 to SCHEDULE 13G
CUSIP No. 36236E 10 9 Page 5 of 21 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Nathan Cayre Irrevocable Grantor Trust u/a/d 2/23/95,
Lillian 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
2,411,655
NUMBER -------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES Not Applicable
BENEFICIALLY -------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH 2,411,655
REPORTING -------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH Not Applicable
- --------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,411,655
- --------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.3%
- --------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
-5-
<PAGE>
Amendment No. 2 to SCHEDULE 13G
CUSIP No. 36236E 10 9 Page 6 of 21 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Michelle P. Cayre Irrevocable Grantor Trust u/a/d 4/3/95,
Lillian 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
765,466
NUMBER -------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES Not Applicable
BENEFICIALLY -------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH 765,466
REPORTING -------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH Not Applicable
- --------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
765,466
- --------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.1%
- --------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
-6-
<PAGE>
Amendment No. 2 to SCHEDULE 13G
CUSIP No. 36236E 10 9 Page 7 of 21 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Grace K. Cayre Irrevocable Grantor Trust u/a/d 4/3/95,
Lillian 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
765,447
NUMBER -------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES Not Applicable
BENEFICIALLY -------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH 765,447
REPORTING -------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH Not Applicable
- --------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
765,447
- --------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.1%
- --------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
-7-
<PAGE>
Amendment No. 2 to SCHEDULE 13G
CUSIP No. 36236E 10 9 Page 8 of 21 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Raquel Cayre Irrevocable Grantor Trust u/a/d 4/3/95,
Lillian 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
765,465
NUMBER -------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES Not Applicable
BENEFICIALLY -------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH 765,465
REPORTING -------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH Not Applicable
- --------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
765,465
- --------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.1%
- --------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
-8-
<PAGE>
Amendment No. 2 to SCHEDULE 13G
CUSIP No. 36236E 10 9 Page 9 of 21 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Kenneth and Lillian 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
50,000
NUMBER -------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES Not Applicable
BENEFICIALLY -------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH 50,000
REPORTING -------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH Not Applicable
- --------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
50,000
- --------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.1%
- --------------------------------------------------------------------------------
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:
Kenneth Cayre
Kenneth Cayre Grantor Retained Annuity Trust u/a/d 12/12/95,
Lillian Cayre, Trustee
Jack Kennedy Cayre Irrevocable Grantor Trust u/a/d 2/23/95,
Lillian Cayre, Trustee
Nathan Cayre Irrevocable Grantor Trust u/a/d 2/23/95,
Lillian Cayre, Trustee
Michelle P. Cayre Irrevocable Grantor Trust u/a/d 4/3/95,
Lillian Cayre, Trustee
Grace K. Cayre Irrevocable Grantor Trust u/a/d 4/3/95,
Lillian Cayre, Trustee
Raquel Cayre Irrevocable Grantor Trust u/a/d 4/3/95,
Lillian Cayre, Trustee
The Kenneth and Lillian Cayre Foundation Inc.
Item 2(b). Address of Principal Business Office or, if None, Residence:
The principal business office of each of Kenneth Cayre, Kenneth
Cayre Grantor Retained Annuity Trust, Jack Kennedy Cayre Irrevocable Grantor
Trust, Nathan Cayre Irrevocable Grantor Trust, Michelle P. Cayre Irrevocable
Grantor Trust, Grace K. Cayre Irrevocable Grantor Trust, Raquel Cayre
Irrevocable Grantor Trust and The Kenneth and Lillian Cayre Foundation Inc. is
16 East 40th Street, New York, NY 10016.
Item 2(c). Citizenship:
Kenneth Cayre: United States of America
Kenneth Cayre Grantor Retained Annuity Trust u/a/d 12/12/95,
Lillian Cayre, Trustee: New York
Jack Kennedy Cayre Irrevocable Grantor Trust u/a/d 2/23/95,
Lillian Cayre, Trustee: New York
Nathan Cayre Irrevocable Grantor Trust u/a/d 2/23/95,
Lillian Cayre, Trustee: New York
Michelle P. Cayre Irrevocable Grantor Trust u/a/d 4/3/95,
Lillian Cayre, Trustee: New York
Grace K. Cayre Irrevocable Grantor Trust u/a/d 4/3/95,
Lillian Cayre, Trustee: New York
Raquel Cayre Irrevocable Grantor Trust u/a/d 4/3/95,
Lillian Cayre, Trustee: New York
The Kenneth and Lillian Cayre Foundation Inc.: Delaware
-10-
<PAGE>
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.
Kenneth Cayre:
(a) Amount beneficially owned: 1,614,205 shares
----------------
(b) percent of class: 2.2%
----
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
1,614,205
---------
(ii) Shared power to vote or to direct the vote
Not Applicable
---------------
(iii)Sole power to dispose or to direct the
disposition of 1,614,205
---------
(iv) Shared power to dispose or to direct the
disposition of Not Applicable
--------------
Kenneth Cayre Grantor Retained Annuity Trust u/a/d 12/12/95, Lillian Cayre,
Trustee:
(a) Amount beneficially owned: 41,242 shares
-------------
(b) percent of class: 0.1%
----
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
41,242
------
(ii) Shared power to vote or to direct the
vote Not Applicable
---------------
(iii)Sole power to dispose or to direct the
disposition of 41,242
------
(iv) Shared power to dispose or to direct
the disposition of Not Applicable
--------------
Jack Kennedy Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Lillian Cayre,
Trustee:
(a) Amount beneficially owned: 2,411,655 shares
----------------
(b) percent of class: 3.3%
----
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
2,411,655
---------
(ii) Shared power to vote or to direct the vote
Not Applicable
---------------
(iii)Sole power to dispose or to direct the
disposition of 2,411,655
---------
(iv) Shared power to dispose or to direct the
disposition of Not Applicable
--------------
-11-
<PAGE>
Nathan Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Lillian Cayre, Trustee:
(a) Amount beneficially owned: 2,411,655 shares
----------------
(b) percent of class: 3.3%
----
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
2,411,655
---------
(ii) Shared power to vote or to direct the vote
Not Applicable
---------------
(iii)Sole power to dispose or to direct the
disposition of 2,411,655
---------
(iv) Shared power to dispose or to direct the
disposition of Not Applicable
--------------
Michelle P. Cayre Irrevocable Grantor Trust u/a/d 4/3/95, Lillian Cayre,
Trustee:
(a) Amount beneficially owned: 765,466 shares
--------------
(b) percent of class: 1.1%
----
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
765,466
-------
(ii) Shared power to vote or to direct the vote
Not Applicable
---------------
(iii)Sole power to dispose or to direct the
disposition of 765,466
-------
(iv) Shared power to dispose or to direct the
disposition of Not Applicable
--------------
Grace K. Cayre Irrevocable Grantor Trust u/a/d 4/3/95, Lillian Cayre, Trustee:
(a) Amount beneficially owned: 765,447 shares
--------------
(b) percent of class: 1.1%
----
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
765,447
-------
(ii) Shared power to vote or to direct the vote
Not Applicable
---------------
(iii)Sole power to dispose or to direct the
disposition of 765,447
-------
(iv) Shared power to dispose or to direct the
disposition of Not Applicable
--------------
Raquel Cayre Irrevocable Grantor Trust u/a/d 4/3/95, Lillian Cayre, Trustee:
(a) Amount beneficially owned: 765,465 shares
--------------
(b) percent of class: 1.1%
----
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
765,465
-------
(ii) Shared power to vote or to direct the vote
Not Applicable
---------------
(iii)Sole power to dispose or to direct the
disposition of 765,465
-------
(iv) Shared power to dispose or to direct the
disposition of Not Applicable
--------------
-12-
<PAGE>
The Kenneth and Lillian Cayre Foundation Inc.
(a) Amount beneficially owned: 50,000 shares
-------------
(b) percent of class: 0.1%
----
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
50,000
------
(ii) Shared power to vote or to direct the vote
Not Applicable
---------------
(iii)Sole power to dispose or to direct the
disposition of 50,000
------
(iv) Shares power to dispose or to direct
the disposition of Not Applicable
--------------
Kenneth 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 Kenneth
and Lillian Cayre. Lillian Cayre, the wife of Kenneth Cayre, is the trustee of
the Trusts. The Kenneth and Lillian Cayre Foundation Inc. (the "Foundation") is
a charitable foundation whose sole trustees are Kenneth and Lillian Cayre. The
filing of this Schedule 13G shall not be construed as an admission that Kenneth
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(k)(1) 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 2, 1999
/s/ Kenneth Cayre
---------------------------------------------
Kenneth 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 2, 1999
Kenneth Cayre Grantor Retained Annuity Trust
u/a/d 12/12/95, Lillian Cayre, Trustee
By:/s/ Lillian Cayre
---------------------------------------
Name: Lillian 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 2, 1999
Jack Kennedy Cayre Irrevocable Grantor Trust
u/a/d 2/23/95, Lillian Cayre, Trustee
By:/s/ Lillian Cayre
-----------------------------------
Name: Lillian 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 2, 1999
Nathan Cayre Irrevocable Grantor Trust u/a/d
2/23/95, Lillian Cayre, Trustee
By:/s/ Lillian Cayre
----------------------------------
Name: Lillian 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 2, 1999
Michelle P. Cayre Irrevocable Grantor Trust u/a/d
4/3/95, Lillian Cayre, Trustee
By:/s/ Lillian Cayre
---------------------------------------
Name: Lillian 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 2, 1999
Grace K. Cayre Irrevocable Grantor Trust u/a/d
4/3/95, Lillian Cayre, Trustee
By:/s/ Lillian Cayre
-----------------------------------
Name: Lillian 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 2, 1999
Raquel Cayre Irrevocable Grantor Trust u/a/d
4/3/95, Lillian Cayre, Trustee
By:/s/ Lillian Cayre
---------------------------------
Name: Lillian 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 2, 1999
The Kenneth and Lillian Cayre Foundation Inc.
By:/s/ Lillian Cayre
----------------------------------
Name: Lillian Cayre
Title: Trustee
-21-
<PAGE>
EXHIBIT 1
---------
AGREEMENT OF JOINT FILING
Pursuant to Rule 13d-1(k)(1) 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 2, 1999.
/s/ Kenneth Cayre
------------------------------------
Kenneth Cayre
Kenneth Cayre Grantor Retained Annuity Trust
u/a/d 12/12/95, Lillian Cayre, Trustee
By:/s/ Lillian Cayre
-------------------------------
Name: Lillian Cayre
Title: Trustee
Jack Kennedy Cayre Irrevocable Grantor Trust
u/a/d 2/23/95, Lillian Cayre, Trustee
By:/s/ Lillian Cayre
-------------------------------
Name: Lillian Cayre
Title: Trustee
Nathan Cayre Irrevocable Grantor Trust
u/a/d 2/23/95, Lillian Cayre, Trustee
By:/s/ Lillian Cayre
-------------------------------
Name: Lillian Cayre
Title: Trustee
Michelle P. Cayre Irrevocable Grantor Trust
u/a/d 4/3/95, Lillian Cayre, Trustee
By:/s/ Lillian Cayre
-------------------------------
Name: Lillian Cayre
Title: Trustee
Exhibit 1 - page 1
<PAGE>
Grace K. Cayre Irrevocable Grantor Trust
u/a/d 4/3/95, Lillian Cayre, Trustee
By:/s/ Lillian Cayre
---------------------------------
Name: Lillian Cayre
Title: Trustee
Raquel Cayre Irrevocable Grantor Trust
u/a/d 4/3/95, Lillian Cayre, Trustee
By:/s/ Lillian Cayre
---------------------------------
Name: Lillian Cayre
Title: Trustee
The Kenneth and Lillian Cayre Foundation Inc.
u/a/d 4/3/95, Lillian Cayre, Trustee
By:/s/ Lillian Cayre
---------------------------------
Name: Lillian Cayre
Title: Trustee
Exhibit 1 - page 2
