UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. _____)*
FACTORY CARD OUTLET CORP.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
141400101
(CUSIP Number)
* 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 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).
Page 1 of 6 Pages
<PAGE>
SCHEDULE 13G
- ---------------------- ------------------------------
CUSIP No. 141400101 Page 2 of 6 Pages
- ---------------------- ------------------------------
- ------ -------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jasmine Trustees Ltd. A/C 5615
Jasmine Trustees Ltd. A/C 5616
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
2 (b)
- ------
- ------ -------------------------------------------------------------------------
SEC USE ONLY
3
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4 United Kingdom
- ------ -------------------------------------------------------------------------
- -------------- -------- --------------------------------------------------------
SOLE VOTING POWER
NUMBER OF 5 381,398
SHARES
-------- ---------------------------------------------------------
-------- ---------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
-------- ---------------------------------------------------------
-------- ---------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 381,398
-------- ---------------------------------------------------------
-------- ---------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH -0-
- ----------------- -------- -----------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
381,398
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.4%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
Item 1.
(a) Name of Issuer
Factory Card Outlet Corp.
(b) Address of Issuer's Principal Executive Offices
745 Birginal Drive
Bensenville, Illinois 60106-1212
Item 2.
(a) Names of Persons Filing
Jasmine Trustees Ltd. A/C 5615
Jasmine Trustees Ltd. A/C/ 5616
(b) Address of Principal Business Office
Post Office Box 675
Broad Street Chambers
Broad Street, St. Helier
Jersey, Channel Islands
United Kingdom
(c) Citizenship or Place of Organization
United Kingdom
(d) Title of Class of Securities
Common Stock, par value $0.01 per share
(e) CUSIP Number
141400101
Item 3.
Not applicable
Page 3 of 6 Pages
<PAGE>
Item 4.
(a) Amount Beneficially Owned
381,398
(b) Percent of Class
5.4%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
381,398
(ii) shared power to vote or to direct the vote:
-0-
(iii) sole power to dispose or to direct the disposition of:
381,398
(iv) shared power to dispose or to direct the disposition of:
-0-
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
Not applicable
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company
Not applicable
Page 4 of 6 Pages
<PAGE>
Item 8. Identification and Classification of Members of the Group
Not applicable
Item 9. Notice of Dissolution of a Group
Not applicable
Item 10. Certification
Not applicable
Page 5 of 6 Pages
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct.
Date: February 12, 1997 JASMINE TRUSTEES LTD. A/C 5615
By:/S/ DAVID JENNER
----------------------------------
Name: David Jenner
Title:Director
Date: February 12, 1997 JASMINE TRUSTEES LTD. A/C 5616
By::/S/ DAVID JENNER
----------------------------------
Name: David Jenner
Title:Director
<PAGE>
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person who signature appears
below hereby constitutes and appoints James M. McKnight, Esq. his true and
lawful attorney-in-fact and agent, with full power of substitution and
resubstitution for his name, place and stead, in any and all capacities, to sign
a Schedule 13G., and any and all amendments thereto (including post-effective
amendments), on behalf of Jasmine Trustees Ltd. A/C 5615 and Jasmine Trustees
Ltd. A/C 5616 with respect to their ownership of common stock of Factory Card
Outlet Corpand to file the same with all exhibits thereto and other documents in
connection therewith, with the Securities and Exchange Commission, granting unto
said attorney-in-fact and agent full power and authority to do and perform each
and every act and thing requisite and necessary to be done in connection
therewith, as fully to all intents and purposes as he might or could do in
person, hereby ratifying and confirming that said attorney-in-fact and agent or
his substitutes may lawfully do or cause to be done by virtue hereof.
This Power of Attorney has been signed on February 12, 1997 by the
following person in the capacities indicated:
Name/Signature Title
/S/ DAVID JENNER
- -------------------------------------
David Jenner Director,
Jasmine Trustees Ltd. A/C 5615
/S/ DAVID JENNER
- -------------------------------------
David Jenner Director,
Jasmine Trustees Ltd. A/C 5616
