FISHER COMPANIES INC
SC 13G/A, 1999-02-12
GRAIN MILL PRODUCTS
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<PAGE>
 
                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

 
 
 
                                 SCHEDULE 13G
 
 
                   Under the Securities Exchange Act of 1934
 
                              (Amendment No. 1)*
 
 
                             FISHER COMPANIES INC.
                             ---------------------
                               (Name of Issuer)
 
                         Common Stock, par value $1.25
                         -----------------------------
                        (Title of Class of Securities)
 
                                  337756 20 9
                                  -----------
                                (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 4 pages
 
<PAGE>
 
- -------------------------                                  ---------------------
  CUSIP NO.  337756 20 9                    13G            PAGE 2 OF 4 PAGES
- -------------------------                                  ---------------------
 
- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
                                                                                
                                                                               
                Donald G. Graham, III                          
- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [_]
                                                                (b) [_]
                        N/A                                                 
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4                                 

                UNITED STATES
- ------------------------------------------------------------------------------
                     5    SOLE VOTING POWER
                                                                            
     NUMBER OF            
      SHARES              14,400 Shares
   BENEFICIALLY    -----------------------------------------------------------
     OWNED BY        6    SHARED VOTING POWER
       EACH                 
    REPORTING             
      PERSON              0
       WITH        -----------------------------------------------------------
                     7    SOLE DISPOSITIVE POWER
                            
                          
                          14,400 Shares
                   -----------------------------------------------------------
                     8    SHARED DISPOSITIVE POWER
                     
       
                          465,632 Shares (O.D. Fisher Investment Co.)
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9              
             
                480,032 Shares 
- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10           
                                                                    [_]
                
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11           
                                                                         
                5.6%
- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12           
      
                IN
- ------------------------------------------------------------------------------

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
 
                                                                     Page 3 of 4

Item 1 (a):  NAME OF ISSUER
- ----------                

                FISHER COMPANIES INC.

Item 1 (b):  ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
- ----------                                                 

                600 University Street, Suite 1525
                Seattle, Washington   98101

Item 2 (a):  NAME OF PERSON FILING
- ----------                       

                Donald G. Graham, III

Item 2 (b):  ADDRESS OF PRINCIPAL BUSINESS OFFICE
- ----------                                      

                6410 Windermere Road, Unit B
                Seattle, Washington   98105

Item 2 (c):  CITIZENSHIP
- ----------             

                United States

Item 2 (d):  TITLE OF CLASS OF SECURITIES
- ----------                              

                Common Stock, $1.25 par value

Item 2 (e):  CUSIP NUMBER
- ----------              

                337756 20 9

Item 3:     This statement is not filed pursuant to Rules 13d-1 (b) or 13d-2,
- ------                                                                      
            and therefore this item is not applicable.

Item 4:     OWNERSHIP
- ------             

                (a)      Amount Beneficially Owned:

                         480,032 Shares
 
                (b)      Percent of Class:

                         5.6%
 
                (c)      Number of Shares as to Which Such Person Has:

                         (i)    sole power to vote or direct the vote:

                                14,400 Shares

                         (ii)   Shared power to vote or direct the vote:

                                0 Shares
<PAGE>
 
                                                                     Page 4 of 4

                         (iii)  Sole power to dispose or to direct the
                                disposition of:

                                14,400 Shares
 
                         (iv)   Shared power to dispose or to direct the
                                disposition of:

                                465,632 Shares

Item 5:    OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
- ------                                                

                Not Applicable


Item 6:    OWNERSHIP OF NOT 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 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

                                   SIGNATURE
                                   ---------

  After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in the statement is true, complete and correct.


February 8, 1999
- ----------------
Date


/s/ DONALD G. GRAHAM, III
- -------------------------
Signature


DONALD G. GRAHAM, III
- ---------------------
Name (Typed)


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