PROSPECTUS SUPPLEMENT NO. 1 DATED JULY 28, 1997 Rule 424(b)(2)
(To Prospectus dated July 9, 1997) Registration No. 333-27785
AMERICAN RESIDENTIAL SERVICES, INC.
7 1/4% Convertible Subordinated Notes due 2004
Interest Payable April 15 and October 15
The following beneficial owners of 7 1/4% Convertible
Subordinated Notes due 2004 (the "Notes") of American Residential Services,
Inc., a Delaware Company (the "Company"), have each requested the Company to
file a Prospectus Supplement identifying that beneficial owner as a Selling
Holder. The information in the table below has been provided by the respective
Selling Holders.
Aggregate Principal Number of Shares
Amount of Notes of Common Stock
Owned and Owned and
NAME OF SELLING HOLDER Offered Hereby Offered Hereby(1)
- ------------------------------------------ -------------- -----------------
AAM\Zazove Institutional Income
Fund, L.P. ............................... $ 1,300,000 50,980
Christian Science Trustees for Gifts And
Endowments(2) ............................ 40,000 1,568
Declaration of Trust for the Defined
Benefit Plans of ICI American Holdings
Inc.(3) .................................. 160,000 6,274
Declaration of Trust for the Defined
Benefit Plans of ZENECA Holdings
Inc.(4) .................................. 110,000 4,313
Delaware State Employees' Retirement
Fund(5) .................................. 520,000 20,392
First Church of Christ, Scientist--
Endowment(6) ............................. 40,000 1,568
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General Motors Employees Domestic
Group Trust(7) ........................... 1,845,000 72,352
J.W. McConnell Family Foundation(8) ...... 105,000 4,117
Summer Hill Global Partners L.P.(9) ...... 10,000 392
Thermo Electron Balanced Investment
Fund(10) ................................. 125,000 4,901
---------- -------
Total ........................... $ 4,255,000 166,857
========== =======
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(1) Shares shown are the number of whole shares of common stock, par value
$.001 per share, of the Company into which the holder's Notes are
convertible at the initial conversion price of $25.50 per share
("Conversion Shares"). Except as noted below, the Selling Holders did
not report owning any other shares.
(2) Excludes $175,000 aggregate principal amount of Notes and 6,862
Conversion Shares held by the Selling Holder and previously registered
for resale pursuant to the Registration Statement to which this
Prospectus Supplement relates.
(3) Excludes $685,000 aggregate principal amount of Notes and 26,862
Conversion Shares held by the Selling Holder and previously registered
for resale pursuant to the Registration Statement to which this
Prospectus Supplement relates.
(4) Excludes $470,000 aggregate principal amount of Notes and 18,431
Conversion Shares held by the Selling Holder and previously registered
for resale pursuant to the Registration Statement to which this
Prospectus Supplement relates.
(5) Excludes $2,850,000 aggregate principal amount of Notes and 88,235
Conversion Shares held by the Selling Holder and previously registered
for resale pursuant to the Registration Statement to which this
Prospectus Supplement relates.
(6) Excludes $185,000 aggregate principal amount of Notes and 7,254
Conversion Shares held by the Selling Holder and previously registered
for resale pursuant to the Registration Statement to which this
Prospectus Supplement relates.
(7) Excludes $8,000,000 aggregate principal amount of Notes and 313,725
Conversion Shares held by the Selling Holder and previously registered
for resale pursuant to the Registration Statement to which this
Prospectus Supplement relates.
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(8) Excludes $460,000 aggregate principal amount of Notes and 18,039
Conversion Shares held by the Selling Holder and previously registered
for resale pursuant to the Registration Statement to which this
Prospectus Supplement relates.
(9) Excludes $40,000 aggregate principal amount of Notes and 1,586
Conversion Shares held by the Selling Holder and previously registered
for resale pursuant to the Registration Statement to which this
Prospectus Supplement relates.
(10) Excludes $35,000 aggregate principal amount of Notes and 20,980
Conversion Shares held by the Selling Holder and previously registered
for resale pursuant to the Registration Statement to which this
Prospectus Supplement relates.
End of Supplement
