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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 2)
Under the Securities Exchange Act of 1934
OAK HILL SPORTSWEAR CORPORATION
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
671365104
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(CUSIP Number)
Robert W. Forman
Greenberger & Forman
1370 Avenue of the Americas Suite 2701
New York, New York 10019
212/757-4001
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 11, 1996
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(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 | |.
Check the following box if a fee is being paid with the
statement | |.
Page 1 of 4 pages
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CUSIP NO. 671365104 Page 2 of 4 pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Arthur L. Asch
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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NUMBER OF 7 SOLE VOTING POWER
SHARES 466,951
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 466,951
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PERSON WITH 10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON
511,951*
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
24.6%
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14 TYPE OF REPORTING PERSON
IN
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*Includes (i) 25,000 shares owned by the Reporting Person's wife, in
which the Reporting Person disclaims beneficial ownership, and (ii) 20,000
shares underlying stock options exercisable within 60 days.
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CUSIP NO. 671365104 Page 3 of 4 pages
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STATEMENT FOR AMENDMENT NO. 2 TO SCHEDULE 13D
This Statement is being filed to amend Items 3 and 5 to
report the open market purchase by Arthur L. Asch (the "Reporting Person") of
90,000 Shares, and the gift of 14,000 Shares, of the common stock of Oak Hill
Sportswear Corporation (the "Issuer").
Item 3. Source and Amount of Funds or Other Consideration.
The aggregate purchase price of the 90,000 shares of common
stock purchased by the Reporting Person was $115,312.50, which were acquired
with personal funds.
Item 5. Interest in Securities of the Issuer.
The aggregate percentage of shares of common stock reported
owned by the person named herein is based upon 2,057,576 shares outstanding.
As of the close of business on November 21, 1996:
(a) The Reporting Person beneficially owns 511,951 shares of
common stock, constituting approximately 24.6% of the Issuer's outstanding
shares, which include 25,000 shares owned by the Reporting Person's wife, in
which he disclaims beneficial interest, and 20,000 shares underlying stock
options exercisable within 60 days.
(b) The Reporting Person has the sole power to vote and
dispose of the shares beneficially owned by him, except for the 25,000 shares
owned by his wife.
(c) The Reporting Person has not engaged in any transaction
in the shares of Issuer's common stock within the past 60 days except that he
purchased 90,000 Shares of the Issuer's common stock on November 11, 1996, and
gifted 14,000 Shares on November 7, 1996.
(d) No person other than the Reporting Person is knownto have
the right to receive, or the power to direct the receipt
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CUSIP NO. 671365104 Page 4 of 4 pages
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of dividends from, or to the proceeds from, the sale of such
shares of the common stock.
(e) Not applicable.
SIGNATURES
After reasonable inquiry and to the best of his knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Dated: November 21, 1996 /s/ Arthur L. Asch
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Arthur L. Asch
