SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)*
Corecomm Limited
(Name of Issuer)
Common Stock
(Title of Class of Securities)
G2422R109
(CUSIP Number)
Richard Reiss, Jr.
Georgica Advisors LLC
1114 Avenue of the Americas
New York, NY 10036
212-277-5600
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
November 25, 1998
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
( ) Rule 13d-1(b)
(X) Rule 13d-1(c)
( ) Rule 13d-1(d)
-------------------------
* 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 disclosures provided in a prior cover page.
The information required on 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 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).
CUSIP No. G2422R109 13G Cover Page 1 of 2
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(1) NAME OF REPORTING PERSON Georgica Advisors LLC
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
I.R.S. # 13-3915210
- -----------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
- -----------------------------------------------------------------------------
(3) SEC USE ONLY
- -----------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -----------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 377,000
SHARES -----------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 420,130
EACH -----------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON 377,000
WITH -----------------------------------
(8) SHARED DISPOSITIVE POWER
420,130
- -----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 797,130
- -----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* ( )
- -----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.04%
- -----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
OO
- -----------------------------------------------------------------------------
CUSIP No. G2422R109 13G Cover Page 2 of 2
- -----------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON Richard Reiss, Jr.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
- -----------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
- -----------------------------------------------------------------------------
(3) SEC USE ONLY
- -----------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. citizen
- -----------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 377,000
SHARES -----------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 420,130
EACH -----------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON 377,000
WITH -----------------------------------
(8) SHARED DISPOSITIVE POWER
420,130
- -----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 797,130
- -----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* ( )
- -----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.04%
- -----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
IN
- -----------------------------------------------------------------------------
ITEM 1(A). NAME OF ISSUER:
Corecomm Limited (the "Issuer").
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
Cedar House, 41 Cedar Avenue, Hamilton, HM 12, Bermuda
ITEM 2. NAMES OF PERSONS FILING:
1. Georgica Advisors LLC, a Delaware limited liability
company ("Georgica").
2. Richard Reiss, Jr.
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE:
1114 Avenue of the Americas, New York, NY 10036 (in each case).
ITEM 2(C). CITIZENSHIP:
Georgica: Delaware Richard Reiss, Jr.: U.S. citizen
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(E). CUSIP NUMBER:
G2422R109
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B) OR (C),
CHECK WHETHER THE PERSON FILING IS A:
(a) ( ) Broker or dealer registered under Section 15 of the Exchange
Act;
(b) ( ) Bank as defined in Section 3(a)(6) of the Exchange Act;
(c) ( ) Insurance company as defined in Section 3(a)(19) of the
Exchange Act;
(d) ( ) Investment company registered under Section 8 of the
Investment Company Act;
(e) ( ) An investment adviser in accordance with Rule 13d-
1(b)(1)(ii)(E);
(f) ( ) An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F);
(g) ( ) A parent holding company or control person in
accordance with Rule 13d-1(b)(1)(ii)(G);
(h) ( ) A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) ( ) A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the
Investment Company Act;
(j) ( ) Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this box. (X)
ITEM 4. OWNERSHIP.
See Sections 5-9 and 11 of each cover page.
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.
Georgica manages investments for several individual investors
and private investment funds, none of whom beneficially owns
more than 5% of the Issuer's 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 THE GROUP.
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10(B). CERTIFICATIONS.
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired
and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the
securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect.
This report shall not be construed as an admission by the
persons filing the report that they are the beneficial owner
of any securities covered by this report.
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: December 4, 1998 GEORGICA ADVISORS LLC
By: /s/ Richard Reiss, Jr.
----------------------------------
Name: Richard Reiss, Jr.
Title: Managing Member
/s/ Richard Reiss, Jr.
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Name: Richard Reiss, Jr.
EXHIBIT A
Pursuant to Rule 13d-1(k)(1) of the Securities Exchange Act of 1934,
as amended (the "Exchange Act"), Georgica Advisors LLC, a Delaware limited
liability company, and Richard Reiss, Jr. hereby agree that the Schedule
13G filed by each of them together with respect to the common stock of
Corecomm Limited on December 4, 1998 pursuant to Rule 13d-1(c) of the
Exchange Act is filed on behalf of each of them.
Dated: December 4, 1998 GEORGICA ADVISORS LLC
By: /s/ Richard Reiss, Jr.
----------------------------------
Name: Richard Reiss, Jr.
Title: Managing Member
/s/ Richard Reiss, Jr.
---------------------------------------
Name: Richard Reiss, Jr.
