UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(RULE 13D-102)
INFORMATION STATEMENT PURSUANT TO
RULES 13D-1((b) AND (c)
AND AMENDMENTS THERETO FILED PURSUANT TO 13D-2(b)
(AMENDMENT NO. 1)*
BIRD CORPORATION
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
090763103
(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
CUSIP NO. 090763103 13G PAGE 2 OF 4 PAGES
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NEW YORK LIFE TRUST COMPANY EIN # 13-3808042
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, NEW YORK
NUMBER OF 5. SOLE VOTING POWER 129,360
SHARES
BENEFICIALLY 6. SHARED VOTING POWER 0
OWNED BY
EACH 7. SOLE DISPOSITIVE POWER 129,360
REPORTING
PERSON 8. SHARED DISPOSITIVE POWER 0
WITH
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 129,360
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 3.1%
12. TYPE OF REPORTING PERSON*
BK
*SEE INSTRUCTIONS BEFORE FILLING OUT
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CUSIP NO. 090763103 13G PAGE 3 OF 4 PAGES
Item 1(a) Name of Issuer: BIRD CORPORATION
Item 1(b) Address of Issuer's principal executive offices:
1077 PLEASANT STREET
NORWOOD, MASSACHUSETTS 02062-6714
Item 2(a) Name of person filing: NEW YORK LIFE TRUST COMPANY
Item 2(b) Address of principal business office:
51 MADISON AVENUE, ROOM 117A
NEW YORK, NY 10010
Item 2(c) Citizenship: SEE ITEM 4 OF COVER PAGE
Item 2(d) Title of class of securities: SEE COVER PAGE
Item 2(e) Cusip No.: SEE COVER PAGE
Item 3(b) Type of Person: SEE ITEM 12 OF COVER PAGE
Item 4(a) Amount beneficially owned: New York Life Trust Company, in its
capacity as trustee of the Bird Employees' Savings and Profit
Sharing Plan, may be deemed the beneficial owner of 129,360 shares
of common stock of the issuer which are owned by the Plan on behalf
of numerous participants.
Item 4(b) Percentage of class: NOT APPLICABLE
Item 4(c) For information regarding voting and dispositive power with
respect to the above listed shares see items 5-8 of Cover Page.
Item 5 Ownership of 5 percent or less of a class: 3.1%:
Schedule 13G dated February 7, 1997 and filed with the SEC on
February 12, 1997 on behalf of Bird Corporation (the "Company")
inadvertently reported ownership of greater than 5 percent. In fact,
as of December 31, 1996, Bird Employees' Savings and Profit Sharing
Plan (the "Plan") on behalf of numerous participants owned less than
5 percent of the shares of the Company. As of December 31, 1997, the
Plan owned 3.1% of the shares of the Company.
<PAGE>
CUSIP NO. 090763103 13G PAGE 4 OF 4 PAGES
Item 6 Ownership of more than 5 percent on behalf of another person:
Shares as to which this schedule is filed are owned by Bird
Employees' Savings and Profit Sharing Plan on behalf of numerous
participants, which participants receive dividends and the proceeds
for the sale of such shares. No such participant is known to have
such an interest with respect to more than 5% of the class except as
follows:
NONE
Item 7 Identification and classification of members 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 the 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.
Dated: February 5, 1998
/S/ WILLIAM V. ZALESKI
-------------------------------------
Name: William V. Zaleski
Title: President
