WAVERLY INC
SC 13D/A, 1998-05-22
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<PAGE>
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549
                                  ----------

                                SCHEDULE 13D/A
                                (Rule 13d-101)

            INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
         TO 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)

                               (Amendment No. 3)


                                 Waverly, Inc.
                               (Name of Issuer)


                    Common Stock, par value $2.00 per share
                        (Title of Class and Securities)


                                   943614107
                                (CUSIP Number)


                            William M. Passano, Jr.
                              c/o Waverly, Inc.
                            351 West Camden Street
                           Baltimore, Maryland 21201
                                (410) 528-4000
                 (Name, Address and Telephone Number of Person
               Authorized to Receive Notices and Communications)


                                 May 20, 1998
            (Date of Event which Requires Filing of this Statement)


          If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this Schedule 13D,
and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the
following box  [  ].

                        (Continued on following pages)
<PAGE>
                                 SCHEDULE 13D

CUSIP No.    943614107
_________________________________________________________________ 
(1)  NAME OF REPORTING PERSON 
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 

          Edward M. Passano, Sr.
_________________________________________________________________ 
(2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:  
                                                       (a)  (x) 
                                                       (b)  ( ) 
_________________________________________________________________ 
(3)  SEC USE ONLY 

_________________________________________________________________ 
(4)  SOURCE OF FUNDS 






          N/A 
_________________________________________________________________
(5)  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED 
     PURSUANT TO ITEMS 2(d) or 2(e)                    (  ) 

__________________________________________________________________
(6)  CITIZENSHIP OR PLACE OF ORGANIZATION 

          United States 
__________________________________________________________________
                                (7)  SOLE VOTING POWER 
      NUMBER OF                      0 
       SHARES                 ____________________________________
    BENEFICIALLY                (8)  SHARED VOTING POWER 
      OWNED BY                       0 
        EACH                  ____________________________________
      REPORTING                 (9)  SOLE DISPOSITIVE POWER 
       PERSON                        0 
        WITH                  ____________________________________
                               (10)  SHARED DISPOSITIVE POWER 
                                     0 
__________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     0 
__________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN 
     SHARES                                      ( ) 
__________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 
     0.0% 
__________________________________________________________________
(14) TYPE OF REPORTING PERSON 

     IN
__________________________________________________________________

                                       2
<PAGE>


                                 SCHEDULE 13D

CUSIP No.    943614107
__________________________________________________________________
(1)  NAME OF REPORTING PERSON 
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 

          William M. Passano, Jr. 
__________________________________________________________________
(2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:  
                                                       (a)  (x) 
                                                       (b)  ( ) 
__________________________________________________________________
(3)  SEC USE ONLY 

__________________________________________________________________
(4)  SOURCE OF FUNDS 






          N/A
__________________________________________________________________
(5)  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED 
     PURSUANT TO ITEMS 2(d) or 2(e)                    (  ) 

___________________________________________________________________
(6)  CITIZENSHIP OR PLACE OF ORGANIZATION 

          United States
__________________________________________________________________
                                (7)  SOLE VOTING POWER 
      NUMBER OF                      0 
       SHARES                 ____________________________________
    BENEFICIALLY                (8)  SHARED VOTING POWER 
      OWNED BY                       0 
        EACH                  ____________________________________
      REPORTING                 (9)  SOLE DISPOSITIVE POWER 
       PERSON                        0 
        WITH                  ____________________________________
                               (10)  SHARED DISPOSITIVE POWER 
                                     0 
__________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 
     0 
__________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN 
     SHARES                                      ( ) 
__________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 
     0.0% 
__________________________________________________________________
(14) TYPE OF REPORTING PERSON 

     IN
__________________________________________________________________

                                       3
<PAGE>
                                 SCHEDULE 13D

CUSIP No.    943614107
__________________________________________________________________
(1)  NAME OF REPORTING PERSON 
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 

          Susan P. Macfarlane 
__________________________________________________________________
(2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:  
                                                       (a)  (x) 
                                                       (b)  ( ) 
__________________________________________________________________
(3)  SEC USE ONLY 

__________________________________________________________________
(4)  SOURCE OF FUNDS 
          N/A 




__________________________________________________________________
(5)  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED 
     PURSUANT TO ITEMS 2(d) or 2(e)                    (  ) 

__________________________________________________________________
(6)  CITIZENSHIP OR PLACE OF ORGANIZATION 

          United States
__________________________________________________________________
                                (7)  SOLE VOTING POWER 
      NUMBER OF                      0 
       SHARES                 ____________________________________
    BENEFICIALLY                (8)  SHARED VOTING POWER 
      OWNED BY                       0 
        EACH                  ____________________________________
      REPORTING                 (9)  SOLE DISPOSITIVE POWER 
       PERSON                        0 
        WITH                  ____________________________________
                               (10)  SHARED DISPOSITIVE POWER 
                                     0 
__________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 
     0 
__________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN 
     SHARES                                      ( ) 
__________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 
     0.0% 
__________________________________________________________________
(14) TYPE OF REPORTING PERSON 

     IN
__________________________________________________________________

                                       4
<PAGE>
     This statement constitutes Amendment No. 3 to the Schedule 13D
filed by Edward M. Passano, Sr., William M. Passano, Jr. and Susan P.
Macfarlane (together, the "Filing Parties") on or about August 10, 1989. 
The Schedule 13D, as amended, is hereinafter referred to as the "Schedule
13D."  All capitalized terms used herein and otherwise undefined shall have
the meanings ascribed in the Schedule 13D.  This Amendment is being filed
to reflect the purchase of all shares of common stock, par value $2.00 per
share (the "Shares"), of Waverly, Inc., a Maryland corporation (the
"Company"), beneficially owned by the Filing Parties by MP Acquisition
Corp., a Maryland corporation ("Newco"), and an indirect wholly owned
subsidiary of Wolters Kluwer U.S. Corporation, a Delaware corporation
("Wolters Kluwer"), on May 20, 1998, pursuant to the tender offer commenced
by Newco on February 18, 1998, to purchase all outstanding Shares for
$39.00 per Share, net to the seller in cash (the "Offer").  The Offer
expired at midnight on May 19, 1998, and on May 20, 1998, Wolters Kluwer
and Newco accepted for payment and purchased all Shares validly tendered,
including Shares beneficially owned by the Filing Parties. 

ITEM 5.   INTEREST IN SECURITIES OF THE ISSUER. 






     Item 5 of the Schedule 13D is hereby amended and supplemented as
follows: 

     (a) The aggregate number of Shares that may be deemed to be
collectively beneficially owned by the Filing Parties is 0.  The aggregate
number of Shares that may be deemed to be beneficially owned by each of the
Filing Parties individually is as follows: 

     Name                     Number of Shares    Percentage of Class
     ----                     ----------------    -------------------
     Edward M. Passano, Sr.        0                   0.0% 
     William M. Passano, Jr.       0                   0.0% 
     Susan P. Macfarlane           0                   0.0% 

     (b)  See (a) above.

     (c)  As previously disclosed on Amendment 2 to the Schedule 13D, on
February 18, 1998, Newco commenced the Offer.  Pursuant to the Stock Option
Agreement disclosed on Amendment 2 to the Schedule 13D, the Filing Parties
agreed to tender all Shares beneficially owned by them in the Offer.  At
various times between the commencement of the Offer on February 18, 1998,
and the expiration of the Offer at midnight on May 19, 1998, the Filing
Parties tendered all Shares beneficially owned by them into the Offer.  On
May 20, 1998, Newco and Wolters Kluwer accepted for payment and purchased
all Shares tendered into the Offer by the Filing Parties, as well as all
other Shares validly tendered into the Offer, for $39.00 per Share in cash. 

     (d)  Not applicable. 

     (e)  Each of the Filing Parties ceased to be the beneficial owner of
more than five percent of the Shares at 12:01 a.m. on May 20, 1998. 

ITEM 7.   MATERIAL TO BE FILED AS EXHIBITS. 

     None.
                                       5
<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. 


Date:  May 22, 1998

                              /s/ Edward M. Passano, Sr.
                              -------------------------------
                              Edward M. Passano, Sr.


Date:  May 22, 1998

                              /s/ William M. Passano, Jr.
                              -------------------------------
                              William M. Passano, Jr.


Date:  May 22, 1998

                              /s/ Susan P. Macfarlane
                              -------------------------------
                              Susan P. Macfarlane


Date:  May 22, 1998

                              /s/ Edward M. Passano, Sr.
                              -------------------------------
                              Edward M. Passano, Sr.

                              /s/ William M. Passano, Jr.
                              -------------------------------
                              William M. Passano, Jr.

                              /s/ Susan P. Macfarlane
                              -------------------------------
                              Susan P. Macfarlane

                              Voting Trustees under the
                              Passano Voting Trust Agreement
                              dated July 31, 1989


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