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CUSUP No. 970646 10 5 13G Page 1 of 9 Pages
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO 13d-1(b) AND (c) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
(Amendment No. 1)(1)
Willis Lease Finance Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
970646 10 5
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(CUSIP Number)
December 31, 1998
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
/ / Rule 13d-1(b)
/ / Rule 13d-(c)
/X/ Rule 13d-1(d)
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(1) 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 disclosures provided in a prior cover page.
The information required on 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).
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CUSUP No. 970646 10 5 13G Page 2 of 9 Pages
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
CFW Partners, L.P., a California Limited Partnership ("CFW Partners")
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
California Limited Partnership
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5. SOLE VOTING POWER
2,984,422
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NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ---------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 2,984,422
WITH ---------------------------------------------------
8. SHARED DISPOSITIVE POWER
0
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,984,422
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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
40.5%
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12. TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSUP No. 970646 10 5 13G Page 3 of 9 Pages
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Charles F. Willis, IV
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5. SOLE VOTING POWER
0
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6. SHARED VOTING POWER
2,984,422 shares which are directly owned by
NUMBER OF CFW Partners. Mr. Willis is both a general
SHARES partner and a limited partner of CFW
BENEFICIALLY Partners.
OWNED BY ---------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH ---------------------------------------------------
8. SHARED DISPOSITIVE POWER
2,984,422 shares which are directly owned by
CFW Partners. Mr. Willis is both a general
partner and a limited partner of CFW
Partners.
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,984,422
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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
40.5%
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12. TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSUP No. 970646 10 5 13G Page 4 of 9 Pages
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Austin Chandler Willis 1995 Irrevocable Trust
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5. SOLE VOTING POWER
0
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6. SHARED VOTING POWER
2,984,422 shares which are directly owned by
NUMBER OF CFW Partners. The Austin Chandler Willis
SHARES 1995 Irrevocable Trust is a limited partner
BENEFICIALLY of CFW Partners.
OWNED BY ---------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH ---------------------------------------------------
8. SHARED DISPOSITIVE POWER
2,984,422 shares which are directly owned by
CFW Partners. The Austin Chandler Willis
1995 Irrevocable Trust is a limited partner
of CFW Partners.
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,984,422
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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
40.5%
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12. TYPE OF REPORTING PERSON*
00
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSUP No. 970646 10 5 13G Page 5 of 9 Pages
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ITEM 1(a). NAME OF ISSUER:
Willis Lease Finance Corporation (the "Issuer")
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICE:
2320 Marinship Way, Suite 300
Sausalito, CA 94965
ITEM 2(a) - (c) NAME OF PERSON FILING:
This statement is being filed by CFW Partners, L.P., a
California Limited Partnership whose principal address is
c/o Willis Lease Finance Corporation, 2320 Marinship Way,
Suite 300, Sausalito, CA 94965. The names, business
addresses and citizenships of the general partner and
limited partners of CFW Partners are set forth on Exhibit A
hereto. Charles F. Willis, IV and Austin Chandler Willis
1995 Irrevocable Trust are each limited partners of CFW
Partners. Charles F. Willis, IV is also the general partner
of CFW Partners.
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock (the "Common Stock")
ITEM 2(e). CUSIP NUMBER:
970646 10 5
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR
13d-2(b), CHECK WHETHER THE PERSON FILING IS A:
Not Applicable
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CUSUP No. 970646 10 5 13G Page 6 of 9 Pages
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ITEM 4. OWNERSHIP.
CFW PARTNERS
(a) Amount beneficially owned: 2,984,422 Shares
(b) Percent of class: 40.5%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
2,984,422
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition
of: 2,984,422
(iv) Shared power to dispose or to direct the
disposition of: 0
CHARLES F. WILLIS, IV
(a) Amount beneficially owned: 2,984,422 Shares
(b) Percent of class: 40.5%
(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:
2,984,422
(iii) Sole power to dispose or to direct the disposition
of: 0
(iv) Shared power to dispose or to direct the
disposition of: 2,984,422
AUSTIN CHANDLER WILLIS 1995 IRREVOCABLE TRUST
(a) Amount beneficially owned: 2,984,422 Shares
(b) Percent of class: 40.5%
(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:
2,984,422
(iii) Sole power to dispose or to direct the disposition
of: 0
(iv) Shared power to dispose or to direct the
disposition of: 2,984,422
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not Applicable
ITEM 6. OWNERSHIP OF MOVE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON.
Not Applicable
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CUSUP No. 970646 10 5 13G Page 7 of 9 Pages
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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 GROUP.
Not Applicable
ITEM 10. CERTIFICATION.
Not Applicable
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CUSUP No. 970646 10 5 13G Page 8 of 9 Pages
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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.
CFW PARTNERS, L.P., A CALIFORNIA LIMITED
PARTNERSHIP
DATED: FEBRUARY 12, 1999 BY: /s/ Charles F. Willis, IV
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A GENERAL PARTNER
DATED: FEBRUARY 12, 1999
/s/ Charles F. Willis, IV
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CHARLES F. WILLIS, IV
AUSTIN CHANDLER WILLIS 1995 IRREVOCABLE TRUST
DATED: FEBRUARY 12, 1999 BY: /s/ Elizabeth Leatherman
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ELIZABETH LEATHERMAN, AS TRUSTEE
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CUSUP No. 970646 10 5 13G Page 9 of 9 Pages
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EXHIBIT A
Set forth below, with respect to the general partner and limited
partners of CFW Partners, is the following: (a) name; (b) business address
and (c) citizenship.
1. (a) Charles F. Willis, IV
(b) c/o Willis Lease Finance Corporation
2320 Marinship Way, Suite 300
Sausalito, CA 94965
(c) United States
2. (a) Austin Chandler Willis 1995 Irrevocable Trust
(b) c/o Willis Lease Finance Corporation
2320 Marinship Way, Suite 300
Sausalito, CA 94965
(c) United States
