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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)*
Diamond Home Services, Inc.
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(Name of Issuer)
Common Stock
------------
(Title of Securities)
252648100
---------
(CUSIP Number)
September 30, 1999
------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[X] Rule 13d-1(b)
[X] Rule 13d-1(c)
[_] Rule 13d-1(d)
*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 (the "Act") or otherwise subject to the liabilities of that
section of the Act but shall to all other provisions of the Act (however,
see the Notes).
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form
displays a currently valid OMB control number.
Page 1 of 7
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CUSIP NO. 252648100 13G PAGE 2 OF 7 PAGES
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NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Talon Asset Management, Inc.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
Not applicable
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Illinois corporation
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 933,300
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
933,300
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
933,300
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
Not applicable
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
11%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IA
- ------------------------------------------------------------------------------
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CUSIP NO. 252648100 13G PAGE 3 OF 7 PAGES
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- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Talon Small Cap Managers L.L.C.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
Not applicable
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Illinois limited liability company
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 933,300
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
933,300
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
933,300
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
Not Applicable
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
11%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
OO
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CUSIP NO. 252648100 13G PAGE 4 OF 7 PAGES
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- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Talon Small Cap Fund L.P.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
Not applicable
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware limited partnership
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 933,300
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
933,300
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
933,300
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
Not applicable
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
11%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
- ------------------------------------------------------------------------------
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(a) Name of Issuer:
Diamond Home Services Inc.
(b) Address of Issuer's Principal Executive Offices
222 Church Street
Diamond Plaza
Woodstock, IL 60098
Item 2.
(a) Name of Person Filing
(i) Talon Asset Management, Inc.
(ii) Talon Small Cap Managers L.L.C.
(iii) Talon Small Cap Fund L.P.
(b) Address of Principal Business Office
(i)-(iii):
One North Franklin
Suite 450
Chicago, IL 60606
(c) Citizenship
(i) Illinois corporation
(ii) Illinois limited liability company
(iii) Delaware limited partnership
(d) Title of Class of Securities
Common Stock
(e) CUSIP Number
252648100
Item 3. If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or
(c), 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 of 1940
(e) X An investment adviser in accordance with Rule
-- 13d-1(b)(1)(ii)(E)
(f) __ An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F)
(g) __ A parent holding company or control person in accordance with
Rue 13d-1(b)(1)(ii)(G)
(h) __ A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act
(i) __ A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940
(j) Group, in accordance with 13d-1(b)(1)(ii)(J)
Item 4. Ownership
(a) Amount beneficially owned
933,300
(b) Percent of class
11%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
(ii) Shared power to vote or to direct the vote 933,300
(iii) Sole power to dispose or to direct the disposition of:
(iv) Shared power to dispose or to direct the disposition of
933,300
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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
Not applicable.
Item 9. Notice of Dissolution of the Group
Not applicable.
Item 10. Certification
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in
the ordinary course of business and were not acquired and are not held
for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are
not held in connection with or as a participant in any transaction
having that purpose or effect.
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.
TALON ASSET MANAGEMENT, INC.
/s/ Frances Tuite
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Signature
Frances Tuite/Vice President
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Name/Title
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Item 10. Certification
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any transaction
having that purpose or effect.
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.
TALON SMALL CAP MANAGERS L.L.C.
By: Talon Asset Management, Inc.
Its Managing Member
/s/ Frances Tuite
----------------------------
Signature
Frances Tuite/Vice President
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Name/Title
TALON SMALL CAP FUND L.P.
By: Talon Small Cap Managers L.L.C.
Its General Partner
/s/ Frances Tuite
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Signature
Frances Tuite/Vice President
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Name/Title
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EXHIBIT A
Joint Filing Agreement
Talon Asset Management, Inc. (an investment adviser registered under the
Investment Advisers Act of 1940), Talon Small Cap Managers, L.L.C., an Illinois
limited liability company, and Small Cap Fund L.P., a Delaware limited
partnership, hereby agree to file jointly the statement on Schedule 13G to
which this Agreement is attached, and any amendments thereto which may be
deemed necessary.
It is understood and agreed that each of the parties hereto is responsible for
the timely filing of such statement and any amendments thereto, and for the
completeness and accuracy of the information concerning such party contained
therein, but such party is not responsible for the completeness or accuracy of
information concerning the other party unless such party knows or has reason to
believe that such information is inaccurate.
It is understood and agreed that a copy of this Agreement shall be attached as
an exhibit to the statement on Schedule 13G, and any amendments thereto, filed
on behalf of each of the parties hereto.
Dated: June 12, 1998
TALON ASSET MANAGEMENT, INC.
/s/ Frances Tuite
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Signature
Frances Tuite/Vice President
----------------------------
Name/Title
TALON SMALL CAP MANAGERS L.L.C.
By: Talon Asset Management, Inc.
Its Managing Member
/s/ Frances Tuite
----------------------------
Signature
Frances Tuite/Vice President
----------------------------
Name/Title
TALON SMALL CAP FUND L.P.
By: Talon Small Cap Managers L.L.C.
Its General Partner
By: Talon Asset Management, Inc.
Its Managing Member
/s/ Frances Tuite
----------------------------
Signature
Frances Tuite/Vice President
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Name/Title
