VULCAN MATERIALS CO
SC 13G/A, 1996-02-13
MINING & QUARRYING OF NONMETALLIC MINERALS (NO FUELS)
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                                                      Page   1   of   14


                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

SCHEDULE  13G.  INFORMATION  TO BE INCLUDED IN  STATEMENTS  FILED  PURSUANT TO
13D-1(B) AND AMENDMENTS THERETO FILED PURSUANT TO 13D-2(B)

                                  SCHEDULE 13G

                   Under the Securities Exchange Act of 1934
                               (Amendment No. 2)*

                            Vulcan Materials Company
                                (Name of Issuer)

                                     Common
                         (Title of Class of Securities)

                                  929160109
                                 (CUSIP Number)



      Check the following box if a fee is being paid with this statement. (A fee
is not required only if the filing person:  (1) has a previous statement on file
reporting  beneficial  ownership  of more  than  five  percent  of the  class of
securities  described  in Item 1;  and (2) has  filed  no  amendment  subsequent
thereto reporting beneficial ownership of five percent or less of such class.)

(See Rule 13d-7.)

      *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 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
Notes).


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                                                      Page   2   of   14

                               CUSIP No. 929160109

(1)   Names of  Reporting  Persons.  S.S.  or I.R.S.  Identification  Nos.  of
      Above Persons

      INVESCO PLC
      No. S.S. or I.R.S. Identification Number

(2)   Check the Appropriate Box if a Member                 (a)   |_|
      of a Group (See Instructions)                         (b)   |X|

(3)   SEC Use Only

(4)   Citizenship or Place of Organization

      England

Number of Shares              (5)   Sole Voting Power
Beneficially                              None
Owned by                      (6)   Shared Voting Power
Each Reporting                      2,294,300
Person With                   (7)   Sole Dispositive Power
                                      None
                              (8)   Shared Dispositive Power
                                    2,294,300

(9)   Aggregate Amount Beneficially Owned by Each Reporting Person
      2,294,300

(10)  Check if the Aggregate Amount in Row (9) Excludes Certain Shares
      (See Instructions)            |_|

(11)  Percent of Class Represented by Amount in Row (9)
      6.520%

(12)  Type of Reporting Person (See Instructions)

      H.C.


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                                                      Page   3   of   14


                               CUSIP No. 929160109

(1)   Names of  Reporting  Persons.  S.S.  or I.R.S.  Identification  Nos.  of
      Above Persons

      INVESCO North American Group, Ltd.
      No. S.S. or I.R.S. Identification Number

(2)   Check the Appropriate Box if a Member                 (a)   |_|
      of a Group (See Instructions)                         (b)   |X|

(3)   SEC Use Only

(4)   Citizenship or Place of Organization

      England

Number of Shares              (5)   Sole Voting Power
Beneficially                              None
Owned by                      (6)   Shared Voting Power
Each Reporting                      2,294,300
Person With                   (7)   Sole Dispositive Power
                                      None
                              (8)   Shared Dispositive Power
                                    2,294,300

(9)   Aggregate Amount Beneficially Owned by Each Reporting Person
      2,294,300

(10)  Check if the Aggregate Amount in Row (9) Excludes Certain Shares
      (See Instructions)            |_|

(11)  Percent of Class Represented by Amount in Row (9)
      6.520%

(12)  Type of Reporting Person (See Instructions)

      H.C.


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                                                      Page   4   of   14


                               CUSIP No. 929160109

(1)   Names of  Reporting  Persons.  S.S.  or I.R.S.  Identification  Nos.  of
      Above Persons

      INVESCO Group Services, Inc.
      I.R.S. I.D. No. 58-1995394

(2)   Check the Appropriate Box if a Member                 (a)   |_|
      of a Group (See Instructions)                         (b)   |X|

(3)   SEC Use Only

(4)   Citizenship or Place of Organization

      State of Delaware

Number of Shares              (5)   Sole Voting Power
Beneficially                              None
Owned by                      (6)   Shared Voting Power
Each Reporting                      2,294,300
Person With                   (7)   Sole Dispositive Power
                                      None
                              (8)   Shared Dispositive Power
                                    2,294,300

(9)   Aggregate Amount Beneficially Owned by Each Reporting Person
      2,294,300

(10)  Check if the Aggregate Amount in Row (9) Excludes Certain Shares
      (See Instructions)            |_|

(11)  Percent of Class Represented by Amount in Row (9)
      6.520%

(12)  Type of Reporting Person (See Instructions)

      H.C.


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                                                      Page   5   of   14


                               CUSIP No. 929160109

(1)   Names of  Reporting  Persons.  S.S.  or I.R.S.  Identification  Nos.  of
      Above Persons

      INVESCO, Inc.
      I.R.S.  I.D. No. 58-2075867

(2)   Check the Appropriate Box if a Member                 (a)   |_|
      of a Group (See Instructions)                         (b)   |X|

(3)   SEC Use Only

(4)   Citizenship or Place of Organization

      State of Delaware

Number of Shares              (5)   Sole Voting Power
Beneficially                              None
Owned by                      (6)   Shared Voting Power
Each Reporting                      2,294,300
Person With                   (7)   Sole Dispositive Power
                                      None
                              (8)   Shared Dispositive Power
                                    2,294,300

(9)   Aggregate Amount Beneficially Owned by Each Reporting Person
      2,294,300

(10)  Check if the Aggregate Amount in Row (9) Excludes Certain Shares
      (See Instructions)            |_|

(11)  Percent of Class Represented by Amount in Row (9)
      6.520%

(12)  Type of Reporting Person (See Instructions)

      H.C.


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                                                      Page   6   of   14


                               CUSIP No. 929160109

(1)   Names of  Reporting  Persons.  S.S.  or I.R.S.  Identification  Nos.  of
      Above Persons

      INVESCO North American Holdings, Inc.
      I.R.S.  I.D. No.  51-0264787

(2)   Check the Appropriate Box if a Member                 (a)   |_|
      of a Group (See Instructions)                         (b)   |X|

(3)   SEC Use Only

(4)   Citizenship or Place of Organization

      State of Delaware

Number of Shares              (5)   Sole Voting Power
Beneficially                              None
Owned by                      (6)   Shared Voting Power
Each Reporting                      2,294,300
Person With                   (7)   Sole Dispositive Power
                                      None
                              (8)   Shared Dispositive Power
                                    2,294,300

(9)   Aggregate Amount Beneficially Owned by Each Reporting Person
      2,294,300

(10)  Check if the Aggregate Amount in Row (9) Excludes Certain Shares
      (See Instructions)            / /

(11)  Percent of Class Represented by Amount in Row (9)
      6.520%

(12)  Type of Reporting Person (See Instructions)

      H.C.


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                                                      Page   7   of   14


                               CUSIP No. 929160109

(1)   Names of  Reporting  Persons.  S.S.  or I.R.S.  Identification  Nos.  of
      Above Persons

      INVESCO Capital Management, Inc. (formerly known as INVESCO MIM, Inc.)
      I.R.S.  I.D. No.  58-1707262

(2)   Check the Appropriate Box if a Member                 (a)   |_|
      of a Group (See Instructions)                         (b)   |X|

(3)   SEC Use Only

(4)   Citizenship or Place of Organization

      State of Delaware

Number of Shares              (5)   Sole Voting Power
Beneficially                              None
Owned by                      (6)   Shared Voting Power
Each Reporting                      2,294,300
Person With                   (7)   Sole Dispositive Power
                                      None
                              (8)   Shared Dispositive Power
                                    2,294,300

(9)   Aggregate Amount Beneficially Owned by Each Reporting Person
      2,294,300

(10)  Check if the Aggregate Amount in Row (9) Excludes Certain Shares
      (See Instructions)            |_|

(11)  Percent of Class Represented by Amount in Row (9)
      6.520%

(12)  Type of Reporting Person (See Instructions)

      I.A.


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                                                      Page   8   of   14


ITEM 1 (A)        NAME OF ISSUER:
                  Vulcan Materials Company

ITEM 1 (B)        ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
                  One Metroplex Drive
                  Birmingham, AL  35209

ITEM 2 (A)        NAME OF PERSON(S) FILING:

                  INVESCO PLC

ITEM 2(B)         ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

                  11 Devonshire Square
                  London EC2M 4YR
                  England

ITEM  2 (C)       CITIZENSHIP:

                  Organized under the laws of England

ITEM  2 (D)       TITLE OF CLASS OF SECURITIES

                  Common Stock

ITEM  2 (E)       CUSIP NUMBER:  929160109

ITEM              3 IF THIS  STATEMENT  IS FILED  PURSUANT TO RULES  13D-1(B) OR
                  13D-2(B), CHECK WHETHER THE PERSON FILING IS A:

        (a)       |_|   Broker or Dealer  registered  under  Section 15 of the
Act.
        (b)       |_|   Bank as defined in Section 3(a)(6) of the Act.
        (c)       |_|   Insurance  Company as defined in Section  3(a)(19)  of
                        the Act.
        (d)       |_|   Investment  Company  registered under Section 8 of the
                        Investment Company Act.
        (e)       |_|   Investment  Adviser  registered  under  Section 203 of
                        the Investment Advisers Act of 1940.
        (f)       |_|   Employee  Benefit Plan,  Pension Fund which is subject
                        to provisions of Employee  Retirement  Income Security
                        Act   of   1974   or   Endowment    Fund;   see   Rule
                        13d-1(b)(1)(ii)(F).
        (g)       |X|   Parent  Holding   Company  in  accordance   with  Rule
                        13d-1(b)(ii)(G).
        (h)       |_|   Group, in accordance with Rule 13d-1(b)(1)(ii)(H).


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                                                      Page   9   of   14


ITEM 4  (a) - (c) OWNERSHIP:

            The  information  in items 1 and 5-11 on the cover pages (pp 2-7) of
            this statement on Schedule 13G is hereby incorporated by reference.

            The  reporting  persons  expressly  declare  that the filing of this
            statement  on Schedule  13G shall not be  construed  as an admission
            that they are,  for the  purposes  of Section  13(d) or 13(g) of the
            Securities and Exchange Act of 1934,  the  beneficial  owners of any
            securities covered by this statement.

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.

            The reporting persons hold the securities  covered by this report on
            behalf of other  persons  who have the right to receive or the power
            to direct the receipt of dividends  from,  or the proceeds  from the
            sale of such  securities.  The interest of any such persons does not
            exceed 5% of the class of securities.

ITEM 7      IDENTIFICATION   AND  CLASSIFICATION  OF  THE  SUBSIDIARIES  WHICH
            ACQUIRED  THE  SECURITY  BEING  REPORTED ON BY THE PARENT  HOLDING
            COMPANY:

             X    INVESCO  North  American  Group,  Ltd  -  holding  company  in
                  accordance with Rule 13d-1(b)(ii)(G)
             X    INVESCO   Group   Services,   Inc.  -  holding   conpany  in
                  accordance with Rule 13d-1(b)(ii)(G)
             X    INVESCO,  Inc.  - holding  company in  accordance  with Rule
                  13d-1(b)(ii)(G)
             X    INVESCO  North  American  Holdings,  Inc. - holding  company
                  also in accordance with Rule 13d-1(b)(ii)(G)
             X    INVESCO  Capital  Management,   Inc.  -  investment  adviser
                  registered under Section 203 of the Investment  Advisers Act
                  of 1940.
                  INVESCO Funds Group,  Inc. - investment  adviser  registered
                  under Section 203 of the Investment Advisers Act of 1940.
             X    INVESCO  Management  &  Research,  Inc. -  investment  adviser
                  registered under Section 203 of the Investment Advisers Act of
                  1940.  INVESCO MIM  Management  Limited -  investment  adviser
                  organized in England.
             X    INVESCO  Asset  Management   Limited  -  investment  advisor
                  organized in England

            Subsidiaries  not  indicated  with (X) have  acquired  no  shares of
            security being reported on.

ITEM 8      IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP.

            Not applicable.

ITEM 9      NOTICE OF DISSOLUTION OF GROUP.

            Not applicable.


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                                                      Page   10   of   14


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.



                             Date: February 2, 1996



                              /s/ Graeme Proudfoot
                              Graeme Proudfoot, as Company Secretary for each of
                              INVESCO PLC and INVESCO North American Group, Ltd.


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                                                      Page   11  of   14


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.



                             Date: February 2, 1996



                              /s/ David A. Hartley
                                    David A. Hartley, Secretary
                              INVESCO Group Services, Inc.


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                                                      Page   12  of   14


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.



                             Date: February 2, 1996



                               /s/ Deborah A. Lamb
                                    Deborah A. Lamb, Director of Compliance
                                  INVESCO, Inc.


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                                                      Page   13  of   14


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.




                             Date: February 2, 1996



                               /s/ Frank J. Keeler
                              Frank J. Keeler, Secretary
                              INVESCO North American Holdings, Inc.


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                                                      Page   14  of  14


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.



                             Date: February 2, 1996


                               /s/ Deborah A. Lamb
                              Deborah A. Lamb, Director of Compliance
                              INVESCO Capital Management, Inc.
                              (formerly known as INVESCO MIM, Inc.)





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