UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 16)
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CHAMPION INTERNATIONAL CORPORATION
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
15852 51 0
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(CUSIP Number)
Barry Hirsch, Senior Vice President and Secretary
Loews Corporation
667 Madison Avenue, New York, New York 10021 (212) 545-2920
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 31, 1995
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(Date of Event which Required Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-l(b)(3) or (4), check the following box ____.
Check the following box if a fee is being paid with the statement __.
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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SCHEDULE 13D
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CUSIP No. 15852 51 0
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
LOEWS CORPORATION
IRS Identification No. 13-2646102
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/ /
N/A (b)/ /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) /___/
N/A
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
NUMBER OF 7,595,400
SHARES ------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 43,453
EACH ------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 7,595,400
WITH ------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
43,453
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,638,853
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.34%
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14 TYPE OF REPORTING PERSON*
HC
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This Amendment No. 16 to Schedule 13D filed by Loews Corporation, a Delaware
corporation, ("Loews"), relates to the Common Stock, $0.50 par value per share
(the "Shares"), of Champion International Corporation, a New York corporation
(the "Issuer"), and is being filed pursuant to Rule 13d-2 under the Securities
Exchange Act of 1934, as amended.
Item 5. Interest in Securities of the Issuer
- - - - - - - - - - - - - - - - - - -
Item 5 is hereby supplemented as follows:
"During the period July 13, 1995 through and including August 1, 1995, Loews
sold an aggregate of 1,422,400 Shares, as set forth in the table below. All of
the transactions described below were effected by Loews on the New York Stock
Exchange.
Number of
Date Shares Sold Price Per Share
---- ----------- ---------------
July 13, 1995 125,000 $58.250
July 13, 1995 200,000 58.188
July 14, 1995 100,000 57.500
July 17, 1995 100,000 57.50
July 31, 1995 59,800 56.375
July 31, 1995 60,200 56.50
July 31, 1995 388,500 56.625
July 31, 1995 105,000 56.75
August 1, 1995 50,000 55.75
August 1, 1995 30,900 56.00
August 1, 1995 12,200 56.125
August 1, 1995 107,200 56.25
August 1, 1995 28,700 56.375
August 1, 1995 54,900 56.50
"In addition on July 20, 1995 $1,510,000 principal amount of Issuer's 6.5%
Convertible Subordinated Debentures owned by a subsidiary (the "Subsidiary"), as
previously reported, were converted into 43,453 Shares in accordance with the
terms of such Debenture, which had been called for redemption by the Issuer.
"Accordingly, as of August 1, 1995 Loews owns directly 7,595,400 Shares,
representing approximately 8.29% of the total number of Shares outstanding. In
addition after giving effect to the 43,453 Shares owned by the Subsidiary, Loews
may be deemed to own benefically an aggregate of 7,638,853 Shares, representing
8.34% of the total number of Shares outstanding."
SIGNATURE
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The undersigned certifies that after reasonable inquiry and to the best of its
knowledge and belief, the information set forth in this Statement is true,
complete and correct.
LOEWS CORPORATION
Dated: August 1, 1995 By: Guy A. Kwan
Controller
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