United States
Securities and Exchange Commission
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)
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 Not applicable - see Item 4
6. Shared Voting Power Not applicable - see Item 4
7. Sole Dispositive Power Not applicable - see Item 4
8. Shared Dispositive Power Not applicable - see Item 4
9. Aggregate Amount Beneficially Owned by Each Reporting Person
Not applicable - see Item 4
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
11. Percent of Class Represented by Amount in Row 9
Not applicable - see Item 4
12. Type of Reporting Person IA
CUSIP No. 671365104 Page 3 of 4 Pages
Item 1(a). Name of Issuer
This Amendment No. 3 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. 3 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 Not applicable
Item 5. Ownership of Five Percent or less of a Class:
This statement is being filed to report the fact that as of
December 31, 1996 AIMCO has ceased to be the beneficial owner of
more than five percent of the class of securities [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 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 10, 1997
Date
/Philip R. Smith/
Signature
Philip R. Smith/Secretary
Name/Title
