OAKHILL SPORTSWEAR CORP /NY/
SC 13G/A, 1996-02-08
WOMEN'S, MISSES', AND JUNIORS OUTERWEAR
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United States
Securities and Exchange Commission
Washington, D.C.  20549


SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 1)


Name of Issuer:			Oak Hill Sportswear Corporation
Title of Class of Securities:	Common Stock
CUSIP Number:			671365104








































CUSIP No.  671365104					Page 2 of 4 Pages

1. Name of Reporting Person			Alphi Investment Management Company
						IRS No. 36-3588013

2. Check the appropriate box if a member of a group  (a) [ ]  (b) [ ]

3. SEC Use Only

4. Citizenship or Place of Organization					Illinois

5. Sole Voting Power							166,000

6. Shared Voting Power			  			           	0

7. Sole Dispositive Power							166,000

8. Shared Dispositive Power					           	0

9. Aggregate Amount Beneficially Owned by Each Reporting Person
									166,000

10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares

11. Percent of Class Represented by Amount in Row 9		   	8.1%

12. Type of Reporting Person						IA



























Item 1(a).  Name of Issuer

	This Amendment No. 1 to the Schedule 13G relates to the Shares of Common 
Stock of Oak Hill Sportswear Corporation (the "Shares" and the "Company" 
respectively).

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

	The executive offices of the Company are located at 1411 Broadway, New 
York, New York  10018.

Item 2(a).  Name of Person Filing

	This Amendment No. 1 to the Schedule 13G is being filed on behalf of Alphi 
Investment Management Company ("AIMCO"), an Illinois corporation.

Item 2(b).  Address of Principal Business Office

	The principal business offices of AIMCO are located at 155 Pfingsten Road, 
Suite 360, Deerfield, IL  60015.

Item 2(c).  Citizenship

	U.S.A.

Item 2(d).  Title of Class of Securities

	Common Stock

Item 2(e).  CUSIP Number

	671365104

Item 3.  Type of Person

	Investment Adviser registered under Section 203 of the Investment Advisers 
Act of 1940.


Item 4.  Ownership

	(a)  	Amount Beneficially Owned:			166,000

	(b)	Percent of Class:			   		8.1%

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

		(i)	sole power to vote or to direct the vote:	166,000		
	    	(ii)	shared power to vote or to direct the vote:	0
		(iii)	sole power to dispose or to direct the disposition of:	166,000	
		(iv)	shared power to dispose or to direct the disposition of:     0	

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

	Alphi Fund L.P. ("Alphi"), a Delaware limited partnership is the beneficial 
owner of 166,000 Shares, which is  8.1% of the 2,057,576 Shares of the 
Company deemed to be outstanding as of December 31, 1995.  AIMCO, in its 
capacity as general partner of Alphi, has the sole power to vote and sole 
power to dispose of 166,000 Shares owned by Alphi.  Individual limited 
partners of Alphi (but not the principals of AIMCO) may own Shares which 
are not included in the aggregate number of Shares reported in Item 4 above.

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 purpose or effect.

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.

						February  7, 1996                                             
								Date
						Philip R. Smith                                                  
								Signature
						Philip R. Smith   /   Secretary                        
       	Name/Title



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