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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. )*
------
Hambrecht & Quist Group
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
406545 10 3
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(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing of 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 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).
SEC 1745 (2-95)
Page 1 of 5 pages
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CUSIP No. 406545103
Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Hambrecht & Quist Group Savings and Employee Stock Ownership Plan
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
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5 SOLE VOTING POWER
NUMBER OF -0-
SHARES -------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 1,986,277
REPORTING -------------------------------------------------------
PERSON WITH 7 SOLE DISPOSITIVE POWER
-0-
-------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,986,277
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,986,277
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.5%
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12 TYPE OF REPORTING PERSON*
EP
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*SEE INSTRUCTION BEFORE FILLING OUT
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CUSIP No 406545103
Page 3 of 5 Pages
ITEM 1.
(a) NAME OF ISSUER:
Hambrecht & Quist Group
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
One Bush Street
San Francisco, CA 94104
ITEM 2.
(a) NAME OF PERSON FILING:
Hambrecht & Quist Group Savings and Employee Stock Ownership Plan (the
"SESOP")
(b) ADDRESS OF PRINCIPAL OFFICE:
c/o Barclays Global Investors, N.A.
420 Montgomery Street, Third Floor
San Francisco, CA 94104
(c) CITIZENSHIP:
Organized under the laws of the State of California
(d) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $0.01 per share
(e) CUSIP NUMBER:
406545103
ITEM 3. TYPE OF REPORTING PERSON
If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check
whether the filing person is a :
[ ] Broker of dealer registered under Section 15 of the Act
[ ] Bank as defined in section 3(a)(6) of the Act
[ ] Insurance Company registered under section 8 of the Investment Company
Act
[ ] Investment Adviser registered under section 203 of the Investment
Advisers Act of 1940
[X] Employee Benefit Plan, Pension Fund which is subject to the provisions
of the Employee Retirement Income Security Act of 1974 or Endowment
Fund
[ ] Parent Holding Company, in accordance with Section 240.13d-1(b)(ii)(G)
[ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(H)
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CUSIP No 406545103
Page 4 of 5 Pages
ITEM 4.
(a) AMOUNT BENEFICIALLY OWNED:
1,986,277
(b) PERCENT OF CLASS:
8.5%
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) Sole power to vote or to direct the vote:
-0-
(ii) Shared power to vote or to direct the vote:
1,986,277*
(iii) Sole power to dispose or direct the disposition of:
-0-
(iv) Shared power to dispose or direct the disposition of:
1,986,277*
* Pursuant to the terms of the SESOP's Plan and Trust Agreement, the SESOP's
trustee has the power to vote the shares held by the SESOP. However, also
pursuant to the terms of the SESOP's Plan and Trust Agreement, each participant
in the SESOP is entitled to instruct the trustee as to the voting and tendering
of all shares held in such participant's account.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Inapplicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Inapplicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
Inapplicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Inapplicable
ITEM 9. NOTICE OF DISSOLUTION OF THE GROUP:
Inapplicable
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CUSIP No 406545103
Page 5 of 5 Pages
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.
February 12, 1997
______________________________________
Date
/s/ BARCLAYS GLOBAL INVESTORS, N.A.
______________________________________
Signature
Barclays Global Investors, N.A., Trustee of
the Hambrecht & Quist Group Savings and
Employee Stock Ownership Plan
______________________________________
Name/Title
