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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Amendment 2
Information Statement
Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934
JPS PACKAGING COMPANY
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(NAME OF ISSUER)
Common Stock, par value $.01 per share
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(TITLE OF CLASS OF SECURITIES)
CUSIP No. 466234102
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(CUSIP NUMBER)
August 17, 1998
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(DATE OF EVENT WHICH REQUIRED FILING OF THIS STATEMENT)
This Schedule is filed pursuant to Rule 13d-1(c).
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SCHEDULE 13G
CUSIP NO. 46623H102 Page 2 of 5 Pages
(1) Name of Reporting Person FORUM CAPITAL PARTNERS, a limited
partnership
SS or IRS Identification No. Of Above Person 25-1798043
(2) Check the Appropriate Box if a Member of a Group*
N/A (a) ( ) (b) ( )
(3) SEC Use Only
(4) Citizenship or Place of Organization Pennsylvania
Number of Shares (5) Sole Voting Power
Beneficially 496,600 shares
Owned by Each (6) Shared Voting Power
Reporting Person N/A
With (7) Sole Dispositive Power
496,600 Shares
(8) Shared Dispositive Power
N/A
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
496,600 Shares
(10) Check box if the Aggregate Amount in Row (9) Excludes Certain
Shares ( )
N/A
(11) Percent of Class Represented by Amount in Row (9)
8.97%
(12) Type of Reporting Person*
PN
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ITEM 1.
(a) Name of Issuer JPS PACKAGING COMPANY
(b) Address of Issuer's Principal Executive Offices
9201 Packaging Drive
Desoto, Kansas 66018
ITEM 2.
(a) Name of Person Filing FORUM CAPITAL PARTNERS,
a limited partnership
(b) Address of Principal Business Office
One Oxford Centre, Suite 3950
Pittsburgh, Pennsylvania 15219
(c) Citizenship Pennsylvania
(d) Title of Class of Securities Common Stock, par value $.01 per
share
(e) CUSIP Number 466234102
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13(D)-1(B) OR 13D-2(B): N/A
ITEM 4. OWNERSHIP
(a) FORUM CAPITAL PARTNERS, a limited partnership, has acquired on
various dates from August 17 to August 25, 150,000 shares of the
Common Stock of the Issuer which are beneficially owned by it.
(b) The 496,600 shares beneficially owned by FORUM CAPITAL PARTNERS, a
limited partnership, are 8.97% of the outstanding Common Stock
based upon 5,539,000 shares outstanding at March 31, 1998.
(c) FORUM CAPITAL PARTNERS, a limited partnership, has sole voting and
dispositive power with respect to the 496,600 shares beneficially
owned by it.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS N/A
Page 3 of 5 Pages
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ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
FORUM CAPITAL PARTNERS, a limited partnership, has not acquired the
496,600 shares of the Issuer on behalf of any other persons other than
its partners. Staley Capital Advisers, Inc., a Pennsylvania corporation
and an investment adviser registered under the Investment Advisers Act
of 1940, is the general partner of FORUM CAPITAL PARTNERS, a limited
partnership, has the sole power to direct the receipt of dividends
from, or the proceeds of, sale of the securities.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURING BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
N/A
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
N/A
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
N/A
ITEM 10. CERTIFICATION
By signing below, I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired for the
purpose of, and do not have the effect of changing or influencing, the
control of the Issuer, and were not acquired and are not held in
connection with or as a participant in any transaction having such
purposes or effect.
Page 4 of 5 Pages
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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.
August 25, 1998
/s/ JOHN A. STALEY, IV
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John A. Staley, IV, President
Staley Capital Advisers, Inc.,
general partner of
FORUM CAPITAL PARTNERS
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