WYLE ELECTRONICS
SC 13G/A, 1998-02-17
ELECTRONIC PARTS & EQUIPMENT, NEC
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   ----------


                                  SCHEDULE 13G
                                (Amendment No. 1)


             INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
                    UNDER THE SECURITIES EXCHANGE ACT OF 1934



                                Wyle Electronics
                               -------------------
                                (Name of Issuer)



                                     Common
                         ------------------------------
                         (Title of Class of Securities)



                                   983051-10-3
                               -------------------
                                 (CUSIP Number)


                                   ----------






                                Page 1 of 5 Pages


<PAGE>

                                  SCHEDULE 13G


     CUSIP No. 983051-10-3
- -------------------------------------------------------------------------------
1)   NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

     Lazard Freres & Co. LLC
- -------------------------------------------------------------------------------
2)   CHECK THE APPROPRIATE BOX 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                        None
     BENEFICIALLY          ----------------------------------------------------
     OWNED BY              7)     SOLE DISPOSITIVE POWER
     EACH                          0
     REPORTING             -----------------------------------------------------
     PERSON                8)     SHARED DISPOSITIVE POWER
     WITH                          None
- -------------------------------------------------------------------------------
9)   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

      0
- -------------------------------------------------------------------------------
10)  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
     SHARES                                      [_]
- -------------------------------------------------------------------------------
11)  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     0%
- -------------------------------------------------------------------------------
12)  TYPE OF REPORTING PERSON

     IA
- -------------------------------------------------------------------------------


<PAGE>

                                  Schedule 13G

Item 1(a). Name of Issuer:

           Wyle Electronics

Item 1(b). Address of Issuer's Principal Executive Offices:

           15370 Barranca Parkway
           Irvine, CA
           92718

Item 2(a). Name of Person Filing:

           Lazard Freres & Co. LLC

Item 2(b). Address of Principal Business Office or, if None, Residence:

           30 Rockefeller Plaza
           New York, New York  10020

Item 2(c). Citizenship:

           New York Limited Liability Company

Item 2(d). Title of Class of Securities:

Common Stock

Item 2(e). CUSIP Number:   983051-10-3

Item 3.    If this statement is filed pursuant to Rules 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

                  (e)  Investment Adviser registered under section 203 of the 
                       Investment Advisers Act of 1940

Item 4.    Ownership.

                  (a)  Amount beneficially owned:     0

percent of class:   0%

                  (c) Number of shares as to which such person has:



<PAGE>




                  (i)  Sole power to vote or to direct the vote:       0

                  (ii) Shared power to vote or to direct the vote:  None

                  (iii) Sole power to dispose or to direct the disposition of: 0

                  (iv)  Shared power to dispose or to direct the disposition of:
                        None

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 (X).

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 the Group.

           Not applicable

Item 9.    Notice of Dissolution of Group.

           Not applicable

Item 10.   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.



<PAGE>

                                    SIGNATURE


         After  reasonable  inquiry and to the best  knowledge and belief of the
undersigned,  the  undersigned  certifies that the information set forth in this
Statement is true, complete and correct.


Date:  February 13, 1998

                                           /s/Donald E. Klein
                                           ------------------
                                            Donald E. Klein
                                            Vice President




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