<PAGE>
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-----------------------
SCHEDULE 13G
Under the Securities Act of 1934
LaSalle Partners Incorporated
---------------------------------------------------
(Name of Issuer)
Common Stock
---------------------------------------------------
(Title of Class of Securities)
51802H 10 5
---------------------------------------------------
(CUSIP Number)
---------------------------------------------------
The information required in the remainder of this cover page (except any items
to which the form provides a cross-reference) 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.
<PAGE>
<PAGE>
- --------------------------- ---------------------
CUSIP No. 51802H 10 5 13G Page 2 of 8 Pages
- --------------------------- ---------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Lizanne Galbreath
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Not applicable
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS) (A)[X]
(B)[ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF SHARES 1,985,035
BENEFICIALLY OWNED ---------------------------------------------------------
BY 6 SHARED VOTING POWER
EACH REPORTING 0
PERSON WITH ---------------------------------------------------------
7 SOLE DISPOSITIVE POWER
1,985,035
---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,985,035
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS) [ ]
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.3%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
- -------------------------------------------------------------------------------
<PAGE>
<PAGE>
- --------------------------- ---------------------
CUSIP No. 51802H 10 5 13G Page 3 of 8 Pages
- --------------------------- ---------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Galbreath Holdings, LLC
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 31-1522418
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS) (A)[X]
(B)[ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF SHARES 1,785,130
BENEFICIALLY OWNED ----------------------------------------------------------
BY 6 SHARED VOTING POWER
EACH REPORTING 0
PERSON WITH ---------------------------------------------------------
7 SOLE DISPOSITIVE POWER
1,785,130
---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,785,130
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS) [X]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
- --------------------------------------------------------------------------------
<PAGE>
<PAGE>
Item 1(a). NAME OF ISSUER:
LaSalle Partners Incorporated
Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
200 East Randolph Drive
Chicago, Illinois 60601
Item 2(a). NAME OF PERSON(S) FILING:
Galbreath Holdings, LLC, a Delaware limited liability company
("Galbreath Holdings"), and Lizanne Galbreath, individually and
in her capacity as managing member of Galbreath Holdings.
Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE:
The principal business address of Galbreath Holdings is 180 East
Broad Street, Columbus, Ohio 43215. The principal business
address of Lizanne Galbreath is LaSalle Partners, 220 East 42nd
Street, New York, New York 10017.
Item 2(c). CITIZENSHIP:
Galbreath Holdings is organized in the State of Delaware. Lizanne
Galbreath is a citizen of the United States.
Item 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock
Item 2(e). CUSIP NUMBER:
51802H 10 5
Item 3. NOT APPLICABLE.
Item 4. OWNERSHIP.
(a) Amount beneficially owned:
As of December 31, 1997, Galbreath Holdings may be deemed to be
the beneficial owner of 1,785,130 shares of Common Stock of
LaSalle Partners Incorporated as a result of voting and
dispositive power that it held with respect to the 1,785,130
shares of Common Stock of LaSalle Partners Incorporated.
As of December 31, 1997, Lizanne Galbreath may be deemed the
beneficial owner of 1,985,035 shares of Common Stock of LaSalle
Partners Incorporated, consisting of (i) 1,785,130 shares of
Common Stock deemed to be beneficially owned by Galbreath
4
<PAGE>
<PAGE>
Holdings as referred to above and (ii) 199,905 shares of Common
Stock beneficially owned by Lizanne Galbreath. Ms. Galbreath is
the managing member of Galbreath Holdings. Ms. Galbreath
disclaims beneficial ownership of such shares of Common Stock
except to the extent of her ownership interests.
(b) Percent of class:
12.3% (11.0% beneficially owned by Galbreath Holdings).
(c) Number of shares as to which Galbreath Holdings has:
(i) Sole power to vote or direct the vote: 1,785,130
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose of or to direct the disposition of:
1,785,130
(iv) Shared power to dispose of or to direct the disposition of:
0
Number of shares as to which Ms. Galbreath has:
(i) Sole power to vote or direct the vote: 1,985,035
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose of or to direct the disposition of:
1,985,035
(iv) Shared power to dispose of 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.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Galbreath Holdings, LLC and
Lizanne Galbreath.
ITEM 9. NOTICE OF DISSOLUTION OF THE GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
Not applicable.
5
<PAGE>
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of their knowledge and belief,
each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
GALBREATH HOLDINGS, LLC
Date: February 15, 1998 By: /s/ Lizanne Galbreath
---------------------
Name: Lizanne Galbreath
Title: Managing Member
Date: February 15, 1998 /s/ Lizanne Galbreath
---------------------
Lizanne Galbreath
6
<PAGE>
<PAGE>
Exhibit Index
Exhibit I Joint Filing Agreement, dated February 15, 1998, by and between
Galbreath Holdings, LLC and Lizanne Galbreath.
7
<PAGE>
<PAGE>
Exhibit I
Joint Filing Agreement
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement shall be filed on behalf of each of the
undersigned without the necessity of filing additional joint filing agreements.
The undersigned acknowledge that each shall be responsible for the timely filing
of such amendments, and for the completeness and accuracy of the information
concerning it contained therein, but shall not be responsible for the
completeness and accuracy of the information concerning the others, except to
the extent that it knows or has reason to believe that such information is
inaccurate.
This Agreement may be executed counterparts and each of such
counterparts taken together shall constitute one and the same instrument.
GALBREATH HOLDINGS, LLC
Date: February 15, 1998 By: /s/ LIZANNE GALBREATH
_______________________
Name: Lizanne Galbreath
Title: Managing Member
/s/ LIZANNE GALBREATH
Date: February 15, 1998 _________________________
Lizanne Galbreath
