SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
SCHEDULE 13G*
(Rule 13d-102)
AMENDMENT
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
Travis Boats & Motors, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
894363100
(CUSIP Number)
April 1, 1998
(Date of event which requires filing of this statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule 13G is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
(Page 1 of 14 Pages)
________________
*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 purposes 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)
CUSIP No. 894363100 13G Page 2 of 14 Pages
____________________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Downtown Associates, L.P.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
_____________________________________________________________________________
NUMBER OF (5) SOLE VOTING POWER
0
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
120,000
OWNED BY ___________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
120,000
_____________________________________________________________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
120,000
_____________________________________________________________________________
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
2.8%
_____________________________________________________________________________
(12) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 894363100 13G Page 3 of 14 Pages
____________________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Downtown Associates III, L.P.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_____________________________________________________________________________
NUMBER OF (5) SOLE VOTING POWER
0
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
125,000
OWNED BY ___________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
125,000
_____________________________________________________________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
125,000
_____________________________________________________________________________
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
2.9%
_____________________________________________________________________________
(12) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 894363100 13G Page 4 of 14 Pages
____________________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Downtown Associates, L.L.C.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_____________________________________________________________________________
NUMBER OF (5) SOLE VOTING POWER
0
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
125,000
OWNED BY ___________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
125,000
_____________________________________________________________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
125,000
_____________________________________________________________________________
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
2.9%
_____________________________________________________________________________
(12) TYPE OF REPORTING PERSON **
OO
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 894363100 13G Page 5 of 14 Pages
____________________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Downtown Foundations, L.P.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_____________________________________________________________________________
NUMBER OF (5) SOLE VOTING POWER
0
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
31,900
OWNED BY ___________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
31,900
_____________________________________________________________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
31,900
_____________________________________________________________________________
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
0.8%
_____________________________________________________________________________
(12) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 894363100 13G Page 6 of 14 Pages
____________________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Ronald Juvonen
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_____________________________________________________________________________
NUMBER OF (5) SOLE VOTING POWER
0
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
276,900
OWNED BY ___________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
276,900
_____________________________________________________________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
276,900
_____________________________________________________________________________
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
6.5%
_____________________________________________________________________________
(12) TYPE OF REPORTING PERSON **
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 894363100 13G Page 7 of 14 Pages
____________________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Philip Timon
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_____________________________________________________________________________
NUMBER OF (5) SOLE VOTING POWER
325
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
276,900
OWNED BY ___________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
325
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
276,900
_____________________________________________________________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
277,225
_____________________________________________________________________________
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
6.5%
_____________________________________________________________________________
(12) TYPE OF REPORTING PERSON **
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 894363100 13G Page 8 of 14 Pages
____________________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Alfred Loomis, III
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_____________________________________________________________________________
NUMBER OF (5) SOLE VOTING POWER
0
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
276,900
OWNED BY ___________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
276,900
_____________________________________________________________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
276,900
_____________________________________________________________________________
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
6.5%
_____________________________________________________________________________
(12) TYPE OF REPORTING PERSON **
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 894363100 13G Page 9 of 14 Pages
Item 1(a). Name of Issuer:
The name of the issuer is Travis Boats & Motors, Inc. (the "Company").
Item 1(b). Address of Issuer's Principal Executive Offices:
The Company's principal executive offices are located at 5000 Plaza on the
Lake, Suite 250, Austin, Texas 78746.
Item 2(a). Name of Person Filing:
This statement is filed by:
(i) Downtown Associates, L.P., a New York limited partnership
("Downtown Associates") with respect to the shares of Common
Stock beneficially owned by it;
(ii) Downtown Associates III, L.P., a Delaware limited partnership
("Downtown III"), with respect to the shares of Common Stock
beneficially owned by it;
(iii) Downtown Associates, L.L.C., a Delaware limited liability
company ("Downtown LLC"), with respect to the shares of
Common Stock beneficially owned by Downtown III;
(iv) Downtown Foundations, L.P., a Delaware limited partnership,
("Downtown Foundations"), with respect to shares of Common
Stock beneficially owned by it;
(v) Ronald Juvonen, with respect to shares of Common Stock
beneficially owned by Downtown Associates, Downtown III and
Downtown Foundations;
(vi) Philip Timon, with respect to shares of Common Stock
beneficially owned by him and by Downtown Associates, Downtown
III and Downtown Foundations; and
(vii) Alfred Loomis, III, with respect to the shares of Common Stock
beneficially owned by Downtown Associates, Downtown III and
Downtown Foundations.
The foregoing persons are hereinafter sometimes
collectively referred to as the "Reporting Persons." Any
disclosures herein with respect to persons other than the
Reporting Persons are made on information and belief after
making inquiry to the appropriate party.
The general partners of Downtown Associates are Messrs. Juvonen,
Timon and Loomis. The general partner of Downtown III and
Downtown Foundations is Downtown LLC. Mr. Juvonen is the
managing member, and Messrs. Timon and Loomis are members, of Downtown
LLC.
Item 2(b). Address of Principal Business Office or, if None, Residence:
The business address of all Reporting Persons is 920 East Baltimore
Pike, Kennett Square, Pennsylvania 19348.
CUSIP No. 894363100 13G Page 10 of 14 Pages
Item 2(c). Citizenship:
Downtown Associates, L.P. is a limited partnership organized under the
laws under the state of New York. Downtown Associates III, L.P. is a limited
partnership organized under the laws under the state of Delaware. Downtown
Associates, L.L.C. is a limited liability company organized under the laws
under the state of Delaware. Downtown Foundations, L.P. is a limited
partnership organized under the laws under the state of Delaware. Messrs.
Juvonen, Timon and Loomis are United States citizens.
Item 2(d). Title of Class of Securities:
Common Stock, $.01 par value (the "Common Stock")
Item 2(e). CUSIP Number:
894363100
Item 3. If this statement is filed pursuant to Rules 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) [ ] Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940,
(f) [ ] Employee Benefit Plan or Endowment Fund in accordance with
13d-1 (b)(1)(ii)(F),
(g) [ ] Parent Holding Company or control person in accordance
with Rule 13d-1 (b)(ii)(G),
(h) [ ] Savings Associations as defined in Section 3(b) of the
Federal Deposit Insurance Act,
(i) [ ] 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 Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to 13d-1(c), check this box: [x]
CUSIP No. 894363100 13G Page 11 of 14 Pages
Item 4. Ownership.
A. Downtown Associates
(a) Amount beneficially owned: 120,000
(b) Percent of class: 2.8% The percentages used herein and in
the rest of Item 4 are calculated based upon the 4,253,471 shares of Common
Stock issued and outstanding as of February 13, 1998 as reflected in the
Company's form 10-Q for the period ending December 31, 1997.
(c)(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 120,000
(iii) Sole power to dispose or direct the disposition: 0
(iv) Shared power to dispose or direct the disposition: 120,000
B. Downtown III
(a) Amount beneficially owned: 125,000
(b) Percent of class: 2.9%
(c)(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 125,000
(iii) Sole power to dispose or direct the disposition: 0
(iv) Shared power to dispose or direct the disposition: 125,000
C. Downtown LLC
(a) Amount beneficially owned: 125,000
(b) Percent of class: 2.9%
(c)(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 125,000
(iii) Sole power to dispose or direct the disposition: 0
(iv) Shared power to dispose or direct the disposition: 125,000
D. Downtown Foundations
(a) Amount beneficially owned: 31,900
(b) Percent of class: 0.8%
(c)(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 31,900
(iii) Sole power to dispose or direct the disposition: 0
(iv) Shared power to dispose or direct the disposition:
31,900
E. Ronald Juvonen
(a) Amount beneficially owned: 276,900
(b) Percent of class: 6.5%
(c)(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 276,900
(iii) Sole power to dispose or direct the disposition: 0
(iv) Shared power to dispose or direct the disposition: 276,900
CUSIP No. 894363100 13G Page 12 of 14 Pages
F. Philip Timon
(a) Amount beneficially owned: 277,225
(b) Percent of class: 6.5%
(c)(i) Sole power to vote or direct the vote: 325
(ii) Shared power to vote or direct the vote: 276,900
(iii) Sole power to dispose or direct the disposition: 325
(iv) Shared power to dispose or direct the disposition:
276,900
G. Alfred Loomis, III
(a) Amount beneficially owned: 276,900
(b) Percent of class: 6.5%
(c)(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 276,900
(iii) Sole power to dispose or direct the disposition: 0
(iv) Shared power to dispose or direct the disposition: 276,900
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.
Downtown Associates has the power to dispose of and the power to vote the
shares of Common Stock beneficially owned by it, which power may be exercised
by its general partners, Messrs. Juvonen, Timon and Loomis. Downtown III has
the power to dispose of and the power to vote the shares of Common Stock
beneficially owned by it, which power may be exercised by its general partner,
Downtown LLC. Such power may be exercised by Mr. Juvonen, as the managing
member of Downtown LLC, and Messrs. Timon and Loomis, as members thereof.
Downtown Foundations has the power to dispose of and the power to vote
the shares of Common Stock beneficially owned by it, which power may be
exercised by its general partner, Downtown LLC. Mr. Timon has the sole
power to vote and dispose of the shares owned directly by him.
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.
CUSIP No. 894363100 13G Page 13 of 14 Pages
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
Each of the Reporting Persons hereby makes the following 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.
CUSIP No. 894363100 13G Page 14 of 14 Pages
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
DATED: April 1, 1998 /s/ Ronald Juvonen,
RONALD JUVONEN, individually
and as general partner of
Downtown Associates, L.P., on
behalf of DOWNTOWN ASSOCIATES, L.P.
/s/ Ronald Juvonen,
Ronald Juvonen, as managing member of
Downtown Associates, L.L.C. on
behalf of DOWNTOWN ASSOCIATES III, L.P.
and DOWNTOWN FOUNDATIONS, L.P.
/s/ Ronald Juvonen,
Ronald Juvonen, as managing member
of Downtown Associates, L.L.C. on
behalf of DOWNTOWN ASSOCIATES, L.L.C.
/s/ Philip Timon,
PHILIP TIMON, individually
and as general partner of Downtown
Associates, L.P., on behalf of DOWNTOWN
ASSOCIATES, L.P.
/s/ Alfred Loomis, III,
ALFRED LOOMIS, III, as general partner
of Downtown Associates, L.P., on behalf
of DOWNTOWN ASSOCIATES, L.P.
