============================================================
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
------------
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13D-1 AND 13D-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
AMF BOWLING, INC.
(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
(Title of Class of Securities)
00003113V1
(CUSIP Number)
============================================================
Page 1 of 10 Pages
<PAGE>
CUSIP No. 00003113V1 13G Page 2 of 10 Pages
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Kelso Investment Associates V, L.P.
13-372-8774
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE ROW IF A MEMBER OF A GROUP*
(a)[ ]
(b)[ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES 5,762,805 shares
BENEFICIALLY
OWNED BY
------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
PERSON 0
WITH
------------------------------------------------------
8 SHARED DISPOSITIVE POWER
5,762,805 shares
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,762,805 shares
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.7%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- -------------------------------------------------------------------------------
<PAGE>
CUSIP No. 00003113V1 13G Page 3 of 10 Pages
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Kelso Equity Partners V, L.P.
13-3787708
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE ROW IF A MEMBER OF A GROUP*
(a)[ ]
(b)[ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES 5,762,805 shares
BENEFICIALLY
OWNED BY
------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
PERSON 0
WITH
------------------------------------------------------
8 SHARED DISPOSITIVE POWER
5,762,805 shares
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,762,805 shares
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.7%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
<PAGE>
CUSIP No. 00003113V1 13G Page 4 of 10 Pages
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Joseph S. Schuchert
###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE ROW IF A MEMBER OF A GROUP*
(a)[ ]
(b)[ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES 5,762,805 shares
BENEFICIALLY
OWNED BY
------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
PERSON 0
WITH
------------------------------------------------------
8 SHARED DISPOSITIVE POWER
5,762,805 shares
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,762,805 shares
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.7%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
<PAGE>
CUSIP No. 00003113V1 13G Page 5 of 10 Pages
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Michael B. Goldberg
###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE ROW IF A MEMBER OF A GROUP*
(a)[ ]
(b)[ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES 5,762,805 shares
BENEFICIALLY
OWNED BY
------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
PERSON 0
WITH
------------------------------------------------------
8 SHARED DISPOSITIVE POWER
5,762,805 shares
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,762,805 shares
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.7%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
<PAGE>
CUSIP No. 00003113V1 13G Page 6 of 10 Pages
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Frank T. Nickell
###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE ROW IF A MEMBER OF A GROUP*
(a)[ ]
(b)[ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES 5,762,805 shares
BENEFICIALLY
OWNED BY
------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
PERSON 0
WITH
------------------------------------------------------
8 SHARED DISPOSITIVE POWER
5,762,805 shares
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,762,805 shares
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.7%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
<PAGE>
CUSIP No. 00003113V1 13G Page 7 of 10 Pages
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
George E. Matelich
###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE ROW IF A MEMBER OF A GROUP*
(a)[ ]
(b)[ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES 5,762,805 shares
BENEFICIALLY
OWNED BY
------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
PERSON 0
WITH
------------------------------------------------------
8 SHARED DISPOSITIVE POWER
5,762,805 shares
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,762,805 shares
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.7%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
<PAGE>
CUSIP No. 00003113V1 13G Page 8 of 10 Pages
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Thomas R. Wall, IV
###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE ROW IF A MEMBER OF A GROUP*
(a)[ ]
(b)[ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES 5,762,805 shares
BENEFICIALLY
OWNED BY
------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
PERSON 0
WITH
------------------------------------------------------
8 SHARED DISPOSITIVE POWER
5,762,805 shares
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,762,805 shares
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.7%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
<PAGE>
CUSIP No. 00003113V1 13G Page 9 of 10 Pages
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Frank K. Bynum, Jr.
###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE ROW IF A MEMBER OF A GROUP*
(a)[ ]
(b)[ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES 5,762,805 shares
BENEFICIALLY
OWNED BY
------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
PERSON 0
WITH
------------------------------------------------------
8 SHARED DISPOSITIVE POWER
5,762,805 shares
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,762,805 shares
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.7%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
<PAGE>
CUSIP No. 00003113V1 13G Page 10 of 10 Pages
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David I. Wahrhaftig
###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE ROW IF A MEMBER OF A GROUP*
(a)[ ]
(b)[ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES 5,762,805 shares
BENEFICIALLY
OWNED BY
------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
PERSON 0
WITH
------------------------------------------------------
8 SHARED DISPOSITIVE POWER
5,762,805 shares
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,762,805 shares
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.7%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
<PAGE>
Schedule 13G
Item 1.
(a) Name of Issuer
AMF Bowling, Inc.
(b) Address of Issuer's Principal Executive Offices
8100 AMF Drive
Richmond, Virginia 23111
Item 2.
(a) Name of Person Filing
See Item 1 of the attached cover pages.
(b) Address of Principal Business Office
For Kelso Investment Associates V, L.P. (the
"Holder"), Kelso Equity Partners V, L.P. (the "Other
Holder'), Joseph N. Schuchert, Frank T. Nickell, Michael B.
Goldberg, George E. Matelich, Frank K. Bynum, Jr., Thomas
Wall, IV, and David I Wahrhaftig:
c/o Kelso & Company
320 Park Avenue
New York, New York 10022
(c) Citizenship
See Item 4 of the attached cover pages.
(d) Title of Class of Securities
Common Stock (par value $.01 per share)
(e) CUSIP Number
00003113V1
Item 3. If this statement is filed pursuant to Rule 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
<PAGE>
(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 [Section] 240.13d-1(b)(1)(ii)(F)
(g) ( ) Parent Holding Company in accordance with
[Section] 240.13d-1(b)(ii)(G)
(h) ( ) Group, in accordance with [Section] 240.13d-
1(b)(1)(ii)(H).
Not Applicable
Item 4. Ownership
(a) Amount beneficially owned:
See Item 9 of the attached cover pages.
(b) Percent of class:
See Item 9 of the attached cover pages.
(c) Number of shares as to which filing person has:
(i) Sole power to vote or to direct the vote
See Item 5 of the attached cover pages.
(ii) Shared power to vote or to direct the vote
See Item 6 of the attached cover pages.
(iii) Sole power to dispose or to direct the disposition
of
See Item 7 of the attached cover pages.
(iv) Shared power to dispose or to direct the
disposition of
See Item 8 of the attached cover pages.
Joseph N. Schuchert, Frank T. Nickell, Michael B.
Goldberg, George E. Matelich, Thomas R. Wall, IV, Frank K. Bynum,
Jr., and David I. Wahrhaftig are the general partners of (i) the
general partner of the Holder and (ii) the Other Holder, and
share investment discretion with respect to the securities held
by the Holder and the Other Holder. Pursuant to Rule 13d-3(d)
under the Securities Exchange Act of 1934, as amended, Messrs.
Schuchert, Nickell, Goldberg, Matelich, Wall, Bynum and
Wahrhaftig may be deemed to
<PAGE>
be the beneficial owners of any shares of Common Stock
owned by the Holder and the Other Holder. Messrs. Schuchert,
Nickell, Goldberg, Matelich, Wall, Bynum and Wahrhaftig each
expressly disclaims beneficial ownership of any such shares owned by
the Holder and the Other Holder. None of Messrs. Schuchert, Nickell,
Goldberg, Matelich, Wall, Bynum and Wahrhaftig share investment
discretion with respect to securities held individually.
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check
the following [ ].
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 a Group
Not applicable
Item 9. Notice of Dissolution of Group
Not applicable
Item 10. Certification
Not applicable because the statement is filed pursuant to Rule
13d-1(c).
<PAGE>
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.
Dated : February 13, 1998
By:*_____________________________________
Title:___________________________________
Kelso Investment Associates
V, L.P.
By:*_____________________________________
Title:___________________________________
Kelso Equity Partners V, L.P.
By:*_____________________________________
Name: Joseph S. Schuchert
By:*_____________________________________
Name: Frank T. Nickell
By:*_____________________________________
Name: George E. Matelich
By:*_____________________________________
Name: Thomas R. Wall, IV
By:*_____________________________________
Name: Frank K. Bynum, Jr.
By:*_____________________________________
Name: Michael B. Goldberg
By:*_____________________________________
Name: David I. Wahrhaftig
*By: /s/ James J. Connors, II
James J. Connors, II
Attorney-in-fact
