SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2 )*
GoodMark Foods, Inc.
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(Name of Issuer)
Common Stock, $0.01 per share par value
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(Title of Class of Securities)
382387 10 8
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(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).
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CUSIP No. 034528 10 9 13G Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
REICH & TANG ASSET MANAGEMENT L.P.
13-3778739
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
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(a) (b)
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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5 SOLE VOTING POWER
0
NUMBER OF
SHARES --------------------------------------------
BENEFICIALLY --------------------------------------------
OWNED BY
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 671,500
WITH
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7 SOLE DISPOSITIVE POWER
0
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8 SHARED DISPOSITIVE POWER
671,500
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
671,500
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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
9.09%
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12 TYPE OF REPORTING PERSON*
IA
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Item 1 (a). Name of Issuer
The name of the issuer, to whose class of equity security this Schedule
relates,is GoodMark Foods, Inc.
Item 1 (b). Address of Issuer's Principal Executive Offices
The address of the Issuer's principal offices is 6131 Falls of Nuese Road,
Raleigh, North Carolina 27609.
Item 2 (a). Name of Person Filing
The person filing this Schedule is Reich & Tang Asset Management L.P.
(the "Reporting Person")
Item 2 (b). Address of Principal Business Office or, if None, Residence
The principal business address of the Reporting Person is 600 Fifth Avenue,
New York, NY 10020.
Item 2 (c). Citizenship
The Reporting Person is a United States citizen.
Item 2 (d). Title of Class of Securities
The class of equity security to which this schedule relates is the Issuer's
Common Stock, par value $0.01 (the "Common Stock").
Item 2 (e). CUSIP No.
The CUSIP number assigned to the Common Stock is 382387 10 8
Item 3. If this statement is Filed Pursuant to Rules 13d-1(b), or 13d-2(b),
Check Whether the Person Filing is a: Reich & Tang Asset Management L.P. is
an investment adviser registered under Section 203 of the Investment
Advisers Act of 1940.
Item 4. Ownership
The shares of the Common Stock beneficially owned by Reich & Tang Asset
Management L.P. and covered by this Schedule amount to 671,500 shares,
constituting 9.09% of the outstanding shares of the Common Stock. Reich & Tang
Asset Management L.P. has the shared power to vote and direct the vote for
671,500 shares of Common Stock and to dispose of or direct the disposition of
671,500 shares of Common Stock.
Item 5. Ownership of Five Percent or Less of a Class
Not applicable.
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Item 6. Ownership of More than Five Percent on Behalf of Another Person
The shares of Common Stock beneficially owned by Reich & Tang Asset
Management L.P. were purchased by Reich & Tang Asset Management L.P. on behalf
of certain accounts for which Reich & Tang Asset Management L.P. provides
investment advice on a fully discretionary basis. This entity has the right to
receive or the power to direct the receipt of dividends from, or the proceeds
from the sale of, shares of the Common Stock. None of the above-mentioned
accounts has a greater than 5% interest in the Common Stock.
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 Group
Not applicable.
Item 9. Notice of Dissolution of Group
Not applicable.
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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 in this statement is true, complete and correct.
September 4, 1997
REICH & TANG ASSET MANAGEMENT L.P.
BBy: /s/Lorraine C. Hysler
Lorraine C. Hysler
Secretary
Reich & Tang Asset Management L.P.
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