UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 6)*
FOREMOST CORPORATION OF AMERICA
(Name of Issuer)
COMMON STOCK, $1.00 PAR VALUE
(Title of Class Securities)
345469100
(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 on 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).
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CUSIP NO. 345469100 13G PAGE 2 OF 5 PAGES
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF REPORTING PERSON:
CORTLAND ASSOCIATES, INC.
EIN 43-1504890
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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. CITIZENSHIP OR PLACE OF ORGANIZATION:
Missouri, USA
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5. SOLE VOTING POWER: 22,839
NUMBER OF -----------------------------------------------------------
SHARES 6. SHARED VOTING POWER: 279,920
BENEFICIALLY
OWNED BY -----------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER: 992,174
REPORTING
PERSON -----------------------------------------------------------
WITH: 8. SHARED DISPOSITIVE POWER: 0
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON: 992,174
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES: _______
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
10.745%
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12. TYPE OF REPORTING PERSON
IA/CO
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CUSIP NO. 345469100 13G PAGE 3 OF 5 PAGES
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Item 1(a) Name of Issuer.
Foremost Corporation of America
(b) Address of Issuer's Principal Executive Offices.
5600 Beech Tree Lane
Caledonia, MI 49316
Item 2(a) Name of Persons Filing.
Cortland Associates, Inc.
(b) Address of Principal Business Office or, if None,
Residence of All Persons Filing.
8000 Maryland Avenue, Suite 730, St. Louis, MO 63105
(c) Citizenship.
Missouri, USA
(d) Title of Class of Securities
Common Stock, $1.00 Par Value.
(e) CUSIP Number.
345469100
Item 3. If this statement is filed pursuant to Rule 13d-1(b),
or 13d-2(b), check whether the person filing is a:
(a) Broker or Dealer registered under Section 15 of the Act
(b) Bank as defined in Section 3(a)(6) of the Act
(c) Insurance Company as defined in Section 3(a)(19) of the Act
(d) Investment Company registered under Section 8 of the
Investment Company Act
(e) X Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940
(f) Employee Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund: see Sec.
240.13d-1(b)(1)(ii)(F)
(g) Parent Holding Company, in accordance with Sec.
240.13d-1(b)(ii)(G) (Note: See Item 7)
(h) Group, in accordance with Sec. 240.13d-1(b)(1)(ii)(H)
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CUSIP NO. 345469100 13G PAGE 4 OF 5 PAGES
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Item 4. Ownership.
(a) Amount Beneficially Owned:
992,174 shares
(b) Percent of Class:
10.745% (based on reported shares outstanding
as of September 30, 1997)
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: . . . . . . 22,839
(ii) shared power to vote or direct the vote: . . . . . . 279,920
(iii) sole power to dispose or to direct the disposition of: 992,174
(iv) shared power to dispose or to direct the disposition of: 0
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following ___.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
All securities being reported upon in this Schedule are held by investment
advisory clients of Cortland Associates, Inc. (the "Adviser"). Various
principals of the Adviser (or members of their families) own directly or
beneficially 95,499 additional shares of the Issuer, but none of such
principals owns 50% or more of the shares of the Adviser or 5% or more of
the shares of the Issuer.
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.
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CUSIP NO. 345469100 13G PAGE 5 OF 5 PAGES
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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.
Date: February 9, 1998
Signed: WILLIAM M. CAREY
William M. Carey
Name: William M. Carey
Title: President
