CUSIP No. 435758305
1. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BROWN BROTHERS HARRIMAN & CO.
13-4973745
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
3. SEC ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A
5. SOLE VOTING POWER
1567742
6. SHARED VOTING POWER
286858
7. SOLE DISPOSITIVE POWER
1932122
8. SHARED DISPOSITIVE POWER
286858
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2219980
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(9) EXCLUDES CERTAIN SHARES*
[ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW(9)*
26.9%
12. TYPE OF REPORTING PERSON*
HC
CUSIP No. 435758305
1. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BROWN BROTHERS HARRIMAN TRUST COMPANY
13-3193410
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
3. SEC ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A
5. SOLE VOTING POWER
1567742
6. SHARED VOTING POWER
286858
7. SOLE DISPOSITIVE POWER
1933122
8. SHARED DISPOSITIVE POWER
286858
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2219980
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(9) EXCLUDES CERTAIN SHARES*
[ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW(9)*
26.9%
12. TYPE OF REPORTING PERSON*
HC
CUSIP No. 435758305
1. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BROWN BROTHERS HARRIMAN TRUST COMPANY OF TEXAS
75-2310600
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
3. SEC ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
5. SOLE VOTING POWER
1567742
6. SHARED VOTING POWER
286858
7. SOLE DISPOSITIVE POWER
1933122
8. SHARED DISPOSITIVE POWER
286858
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2219980
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(9) EXCLUDES CERTAIN SHARES*
[ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW(9)*
26.9%
12. TYPE OF REPORTING PERSON*
BK
Item 1 (a). Name of Issuer:
Holly Corporation
Item 1 (b). Address of issuer's principal executive offices:
100 Crescent Court
Suite 1600
Dallas TX 75201-1880
Item 2 (a). Name of person filing:
Brown Brothers Harriman & Co.
Item 2 (b). Address of principal business office:
59 Wall Street
New York N.Y. 10005
Item 2 (c). Citizenship
U.S.A
Item 2 (d). Title of class of securities
Common
Item 2 (e). CUSIP Number:
435758305
Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b),
check whether the person filing is a:
(b) [ ] Bank as defined in section 3(a)(6) of the Act.
(g) [X] Parent holding company, in accordance with Subsection 240
13d-1(b)(ii)(G)
Item 4. Ownership:
(a) Amount beneficially owned:
2219980
(b) Percent of class:
26.9%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
1567742
(ii) Shares power to vote or to direct the vote
286858
(iii) Sole power to dispose or to direct the disposition of
1933122
(iv) Shared power to dispose or to direct the disposition of
286858
Item 5. Ownership of 5 percent or less of a class
N/A
Item 6. Ownership of more than 5 percent on behalf of another person
The reported shares are held in various fiduciary accounts, and accordingly,
dividends, and the proceeds of sales of such shares, are payable to other
persons, including such accounts, the beneficiaries or settlors thereof or a
combination of such persons. In certain instances, other persons (including
beneficiaries and settlors) may be deemed to have the power to direct receipt
of dividends or the proceeds of the sale of shares reported herein. To the
best of the undersigned's knowledge and belief, no one other person has such
an economic interest relating to more than 5% of the class of reported shares.
Item 7. Identification and Classification of the Subsidiary which Acquired
the Security Being Reported on By the Parent Holding Company
The securities being reported are beneficially owned by certain trusts of
which Brown Brothers Harriman Trust Company of Texas is the Trustee or
Co-Trustee. Brown Brothers Harriman Trust Compant of Texas is a wholly owned
subsidiary of Brown Brothers Harriman Trust Company which is a wholly owned
subsidiary of Brown Brothers Harriman & Co. A copy of the Agreement by and
between Brown Brothers Harriman & Co., Brown Brothers Harriman Trust Company,
and Brown Brothers Harriman Trust Company of Texas authorizing the filing of
one Schedule 13G on behalf of each company is set forth below:
AGREEMENT
The undersigned hereby agree to file jointly the attached statement or
amendment on Schedule 13G and any further amendments thereto pursuant to
Regulation 13G proulgated by the Securities and Exchange Commission under the
Securities Exchange Act of 1934. Such filing shall be made by Brown Brothers
Harriman & Co. on its behalf and on behalf of the other parties hereto.
Date: January 22, 1998
BROWN BROTHERS HARRIMAN & CO.
BY: Richard J. Stork
Compliance Officer
Date: January 23, 1998
BROWN BROTHERS HARRIMAN TRUST COMPANY
BY: Mary Brandimarte
Vice President
Date: January 22, 1998
BROWN BROTHERS HARRIMAN TRUST COMPANY OF TEXAS
BY: Robert G. McKenzie
Executive Vice President
Item 8. Identification and Classification of Members of the Group
N/A
item 9. Notice of Dissolution of Group
N/A
Item 10. Certification
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 of effect.
Disclaimer of Beneficial Ownership
The undersigned expressly declare that the filing of this 13G shall not be
construed as an admission that the undersigned are, for purpose of
Sections 13(d) and 13(g) of the Securities Exchange Act of 1934, the beneficial
owners of any securities covered by this Schedule 13G.
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 January 22, 1998
Brown Brothers Harriman & Co.
By: Richard J. Stork
Compliance Officer
Brown Brothers Harriman Trust Company
By: Mary Brandimarte
Vice President
Brown Brothers Harriman Trust Company of Texas
By: Robert G. McKenzie
Executive Vice President
