UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 5)
THE UNION CORPORATION
(Name of Issuer)
Common Stock
(Title of Class of Securities)
906072103
(CUSIP Number)
Page 1 of 4
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CUSIP 906072103 Page 2 of 4
Item 1. NAME OF REPORTING PERSON
Schwerin Boyle Capital Management, Inc.
IRS 04-3057484
Item 4. CITIZENSHIP OR PLACE OF ORGANIZATION
Schwerin Boyle is a Massachusetts (USA) corporation.
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
Item 5. SOLE VOTING POWER 70,000
Item 6. SHARED VOTING POWER -0-
Item 7. SOLE DISPOSITIVE POWER 874,360
Item 8. SHARED DISPOSITIVE POWER -0-
Item 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
874,360
Item 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
15.07%
Item 12. TYPE OF REPORTING PERSON
IA, CO
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Page 3 of 4
Item 1.
(a) Name of Issuer: The Union Corporation
(b) Address of Issuer's Principal Executive Offices:
211 King Street, Suite 100, Charleston, SC 29401
Item 2.
(a) Name of Person Filing:
Schwerin Boyle Capital Management, Inc. (hereinafter, Schwerin Boyle)
(b) Address of Principal Business Office or, if none, Residence:
Schwerin Boyle is a Massachusetts corporation whose principal business
address is 1391 Main St., Springfield, MA 01103.
(c) Citizenship:
Schwerin Boyle is a Massachusetts (USA) corporation.
(d) Title of Class of Securities: Common
(e) CUSIP Number: 906072103
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b),
check whether the person filing is an:
(e) [X] Investment Adviser registered under section 203 of the Investment
Advisers Act of 1940.
Item 4. Ownership
(a) Amount Beneficially Owned: 874,360
(b) Percent of Class: 15.07%
(c) Number of Shares as to which such person has:
(i) sole power to vote or direct the vote: 70,000
(ii) shared power to vote or direct the vote: -0-
(iii) sole power to dispose or to direct the disposition of: 874,360
(iv) shared power to dispose or to direct the disposition of: -0-
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Page 4 of 4
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 [ ].
Item 6. Ownership of More than Five Percent on Behalf of Another Person
N/A
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company
N/A
Item 8. Identification and Classification of Members of the Group
N/A
Item 9. Notice of Dissolution of Group
N/A
Item 10. Certification
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect
of changing or influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in any transaction
having such purposes 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.
Date: February 10, 1998
Signature:
/s/ M. Eleanor Murphy
M. Eleanor Murphy, Vice President
